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fi 8 BANK RECORD *(*. DECEMBER U. IN S. PAT. OFFICE RETROSPECT p«g® Commercial and Financial Cotton Events 1 — Course of the Stock Market Hides and Leather 9 — Iron and Steel Trade. 18 Dividend Declarations 8 Money Market __12 New 7 _ 111 ....... Security Issues...... .11 Federal Reserve Bank—Brokers' Loans 112 Petroleum and Its Products 9 Foreign Affairs Rubber 8 5 Foreign Exchange — 113 . Grain—Coffee—Sugar INDEX TO STOCK Stock Exchange { Exchange New New York Stock Exchange York Stock 41 Exchange—Bonds.....19 Exchange—Stocks ■. _ Philadelphia Stock Exchange.. 61 60 Pittsburgh Stock Exchange.... .69 64 .. San Francisco Stock Exchange 62 INDEX TO GENERAL QUOTATIONS V\ Page Banks and Trust Companies- 102 Domestic 111 Canadian v Canadian Exchange Seats Land Public Utility Bonds 92 Bonds Public Bonds — 9§ Industrial Stocks Insurance Stocks Railroad Bonds 81 . — Railroad Real 100 Investing Companies Securities ... 72 Joint Stock Land Bank—- Mill Stocks—see Textile Stocks— 85 B. William DANA of 71 Real Estate Trust .101 and Land Stocks ..86 Textile Stocks 86 and Safe Deposit Stocks 85 United States Government Securities. .92 United States Territorial Bonds Spruce .92 1940 COMPANY. Street, Corner 67 ..... Estate Bonds January 4, WILLIAM 78 Stocks Ti11 e Guarantee Securities .L—..rmm .84 Mining Stocks 73 Utility Stocks..^ 85 Foreign Government Bonds Industrial 92 94 _ 84 Bank Pa,a Municipal Bonds— Domestic i! 31 66 . Angeles Stock Exchange Federal 10 P»g« New York Curb 64 Detroit Stock Exchange Los Treasury Financing 68 I Chicago Stock Exchange.. Stock 9 States 67 Boston Stock Exchange. Cleveland United EXCHANGE QUOTATIONS Page Baltimore Textiles 8 PUBLISHERS Street, New York !> i! jlafc gcposit auxl 'IJrust / Co. BALTIMORE— —OF i • _ Capital $2,000,000 Surplus and Profits $4,196,364 gJINCE 1876 this Company has devoted vation of of its It is highly trained organization in one country itself and conser¬ estates—specializing the whole effort exclusively to the management of the few trust this business. companies in the which has never engaged in banking, selling securities, etc. general Its Directors are: Charles H. Babcock A. E. .Duncan Edwin G. William L. Galvin Baetjer Robert Garrett William G. Baker, Jr. Howard Bruce J. Edward Johnston . \ George C. Cutler Charles E. Rieman Lyman Delano /V 6 Blanchard Randall / /5 BANK ^QUOTATION RECORD REG. U. 8. PAT. OFFICE Copyright in 1940 by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C. Entered tho Post Office Second Class Matter, March 9, 1928, at as NEW YORK, JANUARY 4, VOL. 13. while Bank Quotation Record and March 8, 1879 at New York, N. Y,, under the Act of in the invading NO. 1 1940 Finland north Russians. stubbornly was Finland's of Because the resisting promptness in paying her debts, the general public and the Administra¬ The Bank and Quotation Record is one of the companion publication Washington sought to take steps to help that coun¬ tion at of the Commercial & Financial Ohronicle and is issued monthly. Terms for the Chronicle are S18 per annum within the and U. S. Possessions and Territories; 219.50 in Canada; $21.50 in South and Cuba, and 223 in other foreign Central America. Spain, Mexico and United States countries. The subscription price to the Bank and Quotation Record is 212.50 Single copies are sold at Postage outside of United States extra. a year. 21.50 per copy. in try neutral status Drapers* Gardens. E.G. Finland, withdraw its Ambassador from Moscow went upon unheeded by President Roosevelt because, it was said, the Street. New York William Street corner Spruce hand should Finland in statement of the last witnessed depression, "numerous social and econojhic great a of a decade which has year changes, and finally two major wars in Europe drew to a close sion in vene rather a of the Jan. on speculation tion quiet fashion. 3, on op the country during the month to be centered tinued earth to with the of Roosevelt, President The States, of the- world in the 23 Dec. on through by ^enlisting the it marked to throw churches of the world United called their coopera¬ cause * all upon influence behind of the the nation world announced and peace, that as send would he Chairman of the United States representative Pope to Dr. Rev. the toward Myron C. of $234,693 when she paid it (as she did) President Seminary and President and at the same time he of the world In situation. nearly Pope, the Rev. Dr. Buttrick dent Jewish identical . welfare . Declaring of find to . nations he that the again and the considering men are may well be at hand. a new letters not are past the periods relations seeking in were "guiding a without of the world which the cannot be order of things, the new order I believe that it is even now in the hearts of the heard, but whose write the history of our velt he would welcome to the said to "I believe that ■while states¬ built, silently but inevitably, whose voices was faith peace rebuilt," the President said: upon Rabbi Adler, the Presi¬ and situation with compared the present turmoil. in Theological problems arising out of the history of the world when international light America, and leader of the Jewish faith, to call a him from time to time to discuss the the . time." common being masses faith will House religious leaders of all faiths who desired to discuss "with him efforts to achieve world President's motivated peace not so which moves, much by considered were the desire to take to be immediate steps to bring the warring Powers to the conference table, as by the desire to be prepared to bring all possible ask on the pressure Finland has made in the last few And* third, ner. President the Dec. on 10 port-Import Bank and the Reconstruction Finance Corpora¬ tion which Finfhnd could with buy "agricultural surpluses and, other civilian supplies" here. Graf Spee and Protest of American Nations Against Violation of ' Safety Zone * Although the United States last month was for all tical purposes isolated from European the war ever, gave offing. no The in indication stalemate r Behalf of Finland two battlefronts unexpected situation arose which brought the war zone to the Americas. Spee was The German pocket battleship Admiral Graf raiding Allied shipping Dec. on countered some units of the British Navy. and German the national ship was Uruguay. Montevideo, forced to enter Standing after and law 13 when it the harbor rules the on that on the an early Western month, how¬ peace Front was in the continued, en¬ A battle ensued consulting the other of in inter¬ American re¬ publics, Uruguay ordered the Graf Spee to leave the harbor after Instead of facing the units of the three-day stay. a British and French navies stationed outside the harbor, the German of ship which As scuttled was were later direct result a ican republics, to France, violations which of by its interned own crew, Buenos in that of the Graf Spee incident, on the 21 Amer¬ Great Britain and Germany on^Dec. 23 against of the safety Declaration the selves the members Aires, Argentina. including the United States, jointly protested zone belligerent activities the around were the barred 2 of Panama. The Americas from uncled the American republics were consulting ways terms protest served notice among them¬ and means for strengthening the safety zone against warlike acts. New Session of Congress The problem of • increasing the appropriations for national defense while at the same time reducing the total budgetary expenses to a point more receipts in the next fiscal dent last in accordance with the terms of the Neutrality Act of 1939, an nearly approaching the estimated year appeared to be the major task details the prac¬ zone tunity presented itself. Moves years, approved the facing the session of Congress which convened Jan. 3. on of the,benefit of the Finnish people in some neutral man¬ to bear for peace whenever in the future a favorable oppor¬ The activities The Dec. 15. permission that sum, and possibly the other war debt use Favorable receptions greeted the peace. would he . On Dec. 29 President Roose¬ White that opening of $10,000,000 credits to Finland through the Ex¬ retired George A. Buttrick, President of the Cyrus Adler, indicated Finland's war debt payment account suspense Congress to* for directed. was Dec. 5 that he had in¬ on Secretary of the Treasury Morgehthau to set aside special he XII, with the rank of Am¬ Pius embargo the a the end his personal as Federal Council of the Churches of Christ in Rabbi this Taylor, Steel Corp., bassador,: but without portfolio, invited step a whom against in • of cause "unprovoked bombings" of civilians. of Second, the President disclosed payments- which Europe marked the "peace the cannon, of the religious leaders peace. ' review con¬ under of goodwill" spirit of the Christmas season men booming President tion usual degree of Europe's two wars. upon While the major countries of on the there was less than be ses¬ the legislative agenda, and instead the atten¬ airplane manu¬ Although not mentioned by name, Russia was assumed to structed the third Although . Seventy-sixth Congress was scheduled to con¬ arise. sell equipment. to nations exporters not to guilty" peace desire to help First he issued a formal Dec. 2 calling upon American and "obviously EVENTS FINANCIAL The last month diplomatic representative on possibility of negotiating a number of ways. a, on facturers AND OF DECEMBER—COMMERCIAL REVIEW have his to the Nevertheless, the President manifested his DANA COMPANY, Publishers, WILLIAM B. some quarters that the United States, because of Russians attack President desired Smith, 1 from demands The Nation. this of Salle Street. CHICAGO OFFICE—208 South La LONDON OFFICE—Edwards & with Russia without endangering the her struggle were included in his have made some available last month of budget. on Few what figures the Presi¬ Although he was reported to heavy slashes during the preliminary studies in the largest agricultural benefits, categories~of expenditures, including reclamation, relief and others of the MONTHLY REVIEW 2 According to the Associated Press advices decided to ask Congress to in rivers and harbors improvements, the restriction of the budget to a $2,000,000,000 deficit was thought to depend upon the willingness of Congress to cut expenses and the maintenance of rev "recovery" category, and to have Marketing Agreement Act of 1937 and the On Dec. , request the restoration of the item for parity payments President is reported to have deletec to farmers which the to Senator O'Mahoney reduction in the budgetary figure for the reclamation service. Faced with a Congress which will be devoting most of its attention to the fact that it is a presidentialMection year, President Roosevelt was reported to be planning to present three choices to Congress in the matter of finances during the and at the same time from the budget, made plea to the President opposing a a fiscal year: next officials as a result of the Department's anti-monopoly campaign in the building industry. Earlier in the month Mr. Green asked Attorney General Murphy of Justice held the view that the applied to labor- organizations and their members. Mr. Murphy on Dec. 2 said that the Department did hold such a view, saying that "it is only necessary for whether the Department that the Treasury continue to finance the deficits*. can Trade Agreements of the probably be the question of renewing the Reciprocal Trade Act which expires next June. Opposition to the renewal of the Act has become marked during the last especially from the farm groups, who claim treaties have taken away the protection old tariffs afforded the American farmer. Re¬ months, the critical been particularly Senator Vandenberg, have Secretary^duirs^recipfocal trade treaties. took its first definite turn on Dec. 10 when leaders, publican of This criticism Martin Jr., House minority leader, announced of a special committee of 10 Republican members of the House Ways and Means Committee to study the effect of the reciprocal treaty program. Replying to a statement by Senator Vandenberg that the Senate Finance Committee should investigate the program, Secretary Hull indicated on Dec. 26 that he would welcome such an investi¬ Joseph the Wire-Tapping Case W. well ruling Federal as on wire-tapping courts. appointment Supreme Court Ruling that intends he Supreme Court the In Dec. 4. on that held court unanimous decision the a Commerce Commission Interstate the for proposal by one road to lease properties of another. The case was brought before the court on an apx>eal by the a Chicago Rock Island & Pacific Railway Co., which chal¬ lenged the right of the ICC to condition its approval of'the consolidation in question on the road's agreement to Reciprocal Trade Agreements Act. Building of Small Hospitals Proposed by President—Wagner Health Bill protect the interests of 69 workers affected by the Held bill. from over sessions is the Wagner health previous Other Supreme of this bill at the present session were reduced as a result of the President's announcement on Dec. 22 that he was considering a plan Prospects whereby for pitals in States and localities facilities themselves. President rejected would Government Federal the consideration the In the too poor this making Other month announcement decide with that the poorer States could not, as grants in order to obtain projects. Public the Administration Works turned local to over and the management the should strike a A Stock proposal which may come before Congress is one calling for a better integrated system of private and public utility facilities. At a press conference on Dec. 5 Court system of in National of the Corp., had said Power on in a holding that the duction distribution and munity from of anti-trust the of the United enactment agricultural The ruling bearing on handed held trust to down on Dec. by Congress and • laws restrain right decision the court up¬ the anti¬ involving alleged charges of conspiracy interstate commerce in the marketing, distribu¬ to prosecute under actions tion and price-fixing of milk; the case affected milk pro¬ ducers, distributors, and handlers in the Chicago area, and affected Chicago the transportation market Wisconsin and of milk Indiana. to and produced in a to contention that the National Labor direct the reinstatement of strikers and Chicago is a common livestock unloading carrier whose rates were subject to ICC of the New York ,City 2% sales tax foreign unconstitutionally hampered interstate or on holding that the Employees Representative Com¬ 4 Dec. Newport News Shipbuilding & Dry Dock Co. must be disestab¬ a start made, new manner though the union has been cbnducted even since the court upheld the Wagner Act. Upholds Legality of Motor Carrier Act special Constitutional Court, sitting in on Dec. 4 ruled that the Interstate Com¬ authority to regulate the hours of Commission" has employees of common and contract motor carriers. trict commodities im¬ another decision and tribunal, the distribution Illinois, in the Michigan, of Columbia, and Associate Justices Jennings Bailey Dickinsbn F. Letts of the Federal District Court in Washington. The two-to-one decision, removed which an estimated 150,000 to 200.000 workers from under the maximum hours Supreme Court last month. Under the cor¬ kind which is called into existence of a Federal law is questioned in an injunction suit, consisted of Chief Justice J). Lawrence Groner of the United States .Court of Appeals for the Dis¬ of the agricultural marketing laws was 4. Government's the States that lie "wholly-owned a whenever the legality barring the use in Federal criminal trials of evidence ob¬ tained directly or indirectly by tapping wires featured the activities the ground on of - three-judge merce layvs did not give the pro¬ statutes on application that cases proper A all marketing control of Chicago agreeing to review decisions of the New York State 4 Appeals The decision Federal income tax deficiency Washington, D. C., Supreme Court Rulings A of Co. separate decision Dec. 6 that the proposal was the Chamber of Commerce of the Dec. 9 warned that such a proposal would utilities. agricultural to " actually obstruct the free flow of commerce. 4 affirming a lower court tribunal that the Union Federal Court the way for further Government competition with the private pass authority loading Dec. on lished, and unnecessary, United States open on Dec. Transit & mittee of the Committee, were held during the month. After Wendell L. Willkie, President of the Commonwealth & wholly of three A Policy Southern order commerce. Regional conferences to study direction under the proposal, Yards to no not on charges' for An super-grid of higjh-tension transmission lines linking the areas of the country worked out in the the Griffiths 29 initiate supervision. principal industrial interests of national defense. had did decision and Another a W. to penison 1933 a Jan. Government from proceeding Dam project. Federal the sustaining held be State of Oklahoma the because of the formation 4 Dec. on Board Relations if a permit the' $54,000,000 18 exempted be refusal A to groups. Roosevelt indicated his desire to see of George against not enjoin to Dec. arguments oral that poration." Integrated System of Private and Public Utility Facilities President seeking on will court construction 18 Dec. on the whether assessed The President said that the plan he was considering called for^hospitals costing about $150,000 each, the funds to be supplied by Federal * issued decision A decisions and actions of the court last important proceedings the bill on the ground the bill provides, match health Wagner change. Court Action were: order An Hos¬ to provide health small build has to require railroads to make adequate pro¬ the protection of employee's before consenting authority visions to He told his press conference on Dec. 12 ask Congress in January to renew the to workers who might suffer from a merger of Gov¬ corporations was handed down by the ernment-regulated supported and voted for the Hawley-Smoot embargo policy." Desxiite the opposition, President Roosevelt still favors the reciprocal trade treaty method of dealing with problem. Rail ruling strengthening the power of the Government to A protect who the tariff Right of ICC to Protect Workers in on Mergers "exclusively to those gation, provided it was not entrusted be » , evidence was con-** tained in two decisions handed down on Dec. 11. The court held that evidence developed through the use of clews obtained by wire-tapping could not be used in crimi¬ nal cases and that intra-State telephone conversations could not be tapped to obtain evidence.1 Some observers were of the opinion that the court's decisions would have the effect of proscribing wiretai>ped evidence in State as court's The that the reciprocal which held in several decisions point out that it has been so Supreme Court." Decision in Agreements two to me before Congress will A second controversial issue to come laws anti-trust debt limit, now fixed at $45,000,000,000, so to raise the public Federation of Labor, and Green, President of the American Second, to raise the necessary taxes. Third, A over Justice Department farm aid, rivers and in unemployment relief, and highways. but the application of the anti-trust laws to labor unions had- arisen in recent months between William controversy works control flood and question which was presented to the court i£ this case which the court said was "not oxien on this appeal." - to cut expenditures First, harbors Capper-Volstead farmers to organize to market their crops. Tliey claimed these laws gave the Agriculture Department control of crop marketing. Some disappointment was expressed with the court's de¬ cision because the court refused to rule on the question of whether trade unions were subject to the anti-trust laws, a Act of 1922, which permitted $6,000,000,000 figure. • 27 Senator Bankhead called upon the President least at the at enues from Washing¬ ton, Dec. 5, the decision, by Chief Justice Hughes, dealt only with the question of whether the defendants were exempt from the 1890 Anti-Trust Act by virtue of the Agricultural for others, particularly defer outlays I irovision irouglit four of the Wage-Hour Act, was rendered in a suit American Trucking Associations, Inc., and carrier firms to force the ICC-to assume such by the motor that the Motor Carrier Act of 1935 empowered it to regulate the lours of only those motor carriers' employees whose^ work involved a "safety factor," such as truck drivers. ~ ' jurisdiction. The court The held ICC in ICC had authority to a had taken the position majority opinion, however, that, the prescribe reasonable requirements re¬ garding qualifications and maximum hours of service of all j JAN.^1940] MONTHLY REVIEW employees of those highway carriers coming under the 1935 Act. Signing the majority opinion were Chief Justice Lawrence D. Groner and Justice'Jennings Bailey. Justice E. F. that Eugene Letts dissented. Dickinson - Swan dissenting.' bers of do the his another, understand, member Labor member, or for cants The in preference to non-union a the that Dec. employer may not, reinstate order an Circuit States of National the Court of without company's the the court L. Circuit Courts had Hold Trade Fair said plea a the District Court handed was the union Unc8nstitutional Acts Michigan—were declared Court decisions Ingham "should Fair Trade of two States—Maryland unconstitutional in Circuit Court State W. He extension two-month asked been for 2c. was nine-month a scheduled to Under of the the East. trade basic of the Dec. 9 F. on rate will continue until iMarch 24. The ICC ordered hearing for Jan. 4 at which the East¬ a roads may offer testimony in ern behalf of their plea that be again extended to Nov. 31, 1940. Since inauguration of the 2.5c. fare most of the Eastern the 2.5c. fare railroads have reduced mile for the first scale to 1.7c. for Emit Schrtim President Chairman 100 901 miles Roosevelt of round-trip or fares established a to 2.25c. a decreasing more. the arid F. on Dec. Reconstruction 11 added Finance Policy Committee. In Emil a letter to war Belgium - in tion a He Governor as as Names D. power Roosevelt W. Bell His Successor The resignation of Jol\n W, Hanes as Under-Secretary of the Treasury, effective Dec. 31, to Renter private business White House Ambassador as an¬ to Dec. on 12 on a leave of Farm Credit Administration— C. Black Successor Dec. 20 the appointment it is Secretary on the future lending policy of the dispute, it appears, arose over the transfer of the FCA to the jurisdiction of the Department of Agri¬ culture* as provided by Reorganization Plan No. 1. H. D. Jacobs Named Administrator of Wage and Hour Division—To Serve Pending Action , to Qualify Col. Fleming Harold D. Jacobs, who has been serving as Acting Adminis trator of the Wage and Hour Division of the Labor De¬ since partment was Oct. 18, when appointed Administrator announced. The President Elmer on F. Dec. Andrews 1, the resigned, White House has already appointed Colonel Philip Fleming to succeed Mr. Andrews, but due to Army technicalities it will, it is said, require special congres¬ sional action to approve this appointment. Meanwhile Mr. is expected the title fill the post Administrator. to of until Colonel Fleming Threatened Seamen's Strike of Atlantic Coast and Gktlf Seamen to needs. to The The deadlock deep-sea in negotiations in New York City between operating from Atlantic and the National Maritime Union over a new shipping companies was Resigns—-President Assistant Agriculture Wallace which Hanes in 1935. program because, agreement and emergency in of difference of opinion between him and agreement Treasury to Governor of the Farm Credit Administra¬ F. F. Hill, who resigned of of Hill Become to continue United States wagewage both peace-time B. Department the named, and will take up his Department about Jan. 10. Mr. State "in its efforts to work out in meet Grover joined problems, the Gulf Under-Secretary of is Schram Mr. Roosevelt said the committee desired the assist¬ ance and advice of the lending agency of the Government to its division agricultural relations. 1936. will successor the succeed to FCA. Mr. ferences with representatives ^ of private utility systems •during December to determine what facilities are necessary chief of of Roosevelt announced G. Black assumes Cooperation with private utili¬ ties plans for meeting future power requirements of the ^country under all circumstancesr" The committee held con¬ as Ambassador, emergency 26. Resigns President of A. 'Scliram, Corporation, Washington in Dec. Hill Jacobs Appointed to National Power Policy Committee National "Power the their miles.and Hill President Names A. Jan. 24. Previously the fare Commfssion's recent order the 2.5c. the by of absence. of fare,, which had Secre¬ accepted was appointed Mr. Assistant as 5, Mr. Brown resigned to join director President Davies returned to the the railroad on and Brown. Davies, duties new cost was 2.5c. Dec. 4. on Dec. Valley Authority the Belgium until Circuit 12 author¬ The roads had extension expire Dec. on effective Joseph E. Davies, Ambassador to Belgium, will become a special assistant to Secretary of State Hull on international of ICC Extends 2}^-Cent Rail Coach Fare Two Months to E. stated, The Interstate Commerce Commission Appointed Successor Secretary of State Hull unconstitutional. a Mr. came Joseph at Maryland law forbidding sales below passenger coach fare in 21 Hill Harry L. Brown Oklahoma, had charge of the cattle-buying Samuel K. Dennis of the State Circuit Court held that that ized Dec. succeed and Carr in of 1934 and, as Regional Director for Texas, New Mexico and cone Laws B. demonstrations On down be Tennessee test Lansing, Mich., ruled against the Michigan law as interfering with the principle of free competition, and held" that the statute was "invalid in its entirety." Meanwhile, in Baltimore, Chief Judge part of the FDIC. Following Mr. Crowley, who Roosevelt, the Assistant Secretary of Agriculture to Join as Agriculture, nounced Dec. 21.-; Judge Leland on County Resigns President Roosevelt Michigan and Maryland The of FDIC since Feb. 15, 1934, is stating that he dntended to accept the chair¬ Standard Gas, but that he would "stay with resignation of tary the decision. State That Agency pending final disposition important problems that confront the FDIC. Brown The pel led to answer in damages" in Pennsylvania State courts? Sylvan II. Husch, Apex'counsel, announced that he would ask the Supreme Court for a \frit of certiorari for a review of President TVA—G. In setting aside the verdict against opinion. an union as some H. Labor awarding the company $711,932 damages, against the American Federation of Workers, an affiliate of the Con¬ gress of Industrial Organizations, for a strike in 1937. The the with Chairman manship of of rehearing of the decision which set aside dismissing Temporarily Continue with the President for several months" verdict order been reported Organizations Appeals at Phila¬ delphia, Dec. 28, denied the Apex/Hosiery Co.'s petition for a to the new post at that time. It was made known that Mr. Crowley will continue for several months employees with- back pay. seven United 11 has Apex Hosiery Co. Appeal Denied by United States Court The of FDIC conference a under American Federation an of Industrial Relations. to give precedence to his duties with the rather than non-union men an Congress a for employ¬ Relations Board calling upon the National Casket Co., Inc., to Assistant to the an Crowley, Chairman of the Federal Deposit Insur¬ ance Corporation, was elected Chairman of the Board of the Standard Gas & Electric Co. at a meeting on Dec. 8 and in preference to either, if all three are appli¬ .man overruled decision S. Duffield, who has been Crowley Accepts Chairmanship of Standard Gas & Electric Co. —Head position. same Treasury Leo T. employer to hire mem¬ an union or therefore, applicants upon pain of committing ah unfair labor'practice, select of Press L. T. majority opinion Judge Actjs not to compel rather than not of. the Treasury, which has been the supervision of public relations, will be" carried on by Charles Schwarz, Director of assumed union one We men. In rights upon employees, not The purpose of ment. Secretary for the said: The Act confers to Morgenthau Secretary since Nov. 1, 1938, has resigned, effective Dec. 31, 1939, to return to private employment. His principal work an Hand Assistant as Secretary of the Treasury Morgenthau announced Dec. 16 , employer, under the National Labor Re¬ lations Act, to discriminate in the employment of union and non-union workers was upheld on Dec. 11 by the United States Circuit Court of Appeals in New York. The two-toone decision was written by Judge Thomas W. Swan and was concurred in by Judge Augustus N. Hand, with Judge Learned Resigns 'v'> *; Appeals in New York of Duffield ' Right of Employer Under Wagner Act to Discriminate Against Union and Non-Union Workers Upheld by U. S. Circuit Court of The right S. 3 a ports and new ended will Dec. run The ntyw contract will rep"ace the scheduled to expire on Sept. 30, Dec. 31. Frank J. Taylor, one but 27 by the initialing until which was President of Sept. 30, was extended the 1941. originally until American Merchant Marine Institute and chairman mittees M. U. announced contract of the joint com¬ steamship companies, and the N. they had agreed to a renewal of the representing" 19 that covering wages moving all threats of a and working conditions, seaman's strike that thus was to re¬ take midnight Dec. 31. on Dec. 21. Mr. Hanes^ previously been a member of the Securities and Philadelphia Truck Drivers' Strike Fnds Exchange Commission, assumed office on July 1, 1938, as The strike of fuel and coal truck drivers in Philadelphia, an Assistant Secretary of the Treasury in which started on Nov. 15, was ended after an charge of tax agreement policies. In October the same year he was made Underbetween the Teamsters Union, Local 470, American Federa¬ Secretary. President Roosevelt# in accepting Mr. Hanes's tion of Labor and the coal dealers was reached on Nov. 26. resignation commended the "good work" done by him "af The 11-day strike caused a tie-up of deliveries in 68 union personal sacrifice," and lie expressed the hope that the coal and fuel oil yards in Philadelphia. The union, it is future activities of Mr, Hanes thay bring him "great success stated, won a Compromise on its demands for 80c. an hour, and great rewards." The, President at his press conference, accepting the employers' offer of 78c., an increase of 3c. Dec. 22, told reporters that Mr. Hanes had wanted to over the previous scale. quit Helpers, bag men and loaders were last spring but had been prevailed upon to remain in the increased from 63c. to. "66c. an hour. The union was Treasury a while. Mr. Roosevelt announced Dec. 29 that granted time and a half for was who accepted by President Roosevelt p ace had overtime in hb would of the appoint Daniel W; Bell, former Acting Director Budget, to succeed Mr. Hanes. Mr. Bell now is an Assistant to Secretary Morgenjthau. a excess of 48 hours week, and double time for Sundays and holidays. of 96 fuel and coal dealers are indicating, it is said, that the parties to the union was new A total contract, successful in organ- MONTHLY REVIEW 4 non-union when the strike izing about 25 yards that were was called Nov. 16. Corp. Strike Ends Fish Rubber One 'thousand of workers Rubber Corp., New Fisk the Congress of Indus¬ Bedford, Mass., plant, members of the Organizations Textile Workers of America, returned work Dec. 4 after a two weeks' strike, a settlement satis¬ trial to and to the union having, it is said, been reached. Antonio England, New Bedford director of the union, stated that the workers struck because of "inability to Teach an agreement" with the company's factory both to the management management, and j agreement. ■ meeting a various Detroit, Mich., at Settled by the debtors to our Treasury, the ordinary instal¬ ments due on Dec. 15 amounted to $161,167,556, while the accumulated total arrears less than $2,269,563,340. no Neutrality American Although a clear-cut line of American neutrality presum¬ new legislation adopted last Nov. 3,"a good deal of uncertainty and anxiety continued to prevail in December in Dec. 27 between officials of the cor¬ on the President Roosevelt in the respect to new moves by delicate international' situation indepen¬ with agreement was reached whereby the 2,200 workers who left the plant would return to work on Dec. 28. Detroit advices of Dec. 27 to war. Society, poration and the Mechanics Education dent union, it was announced that said: United Press the demanded officials Union . suspended President of the union, and six barred from the plant by other workers. were the that refuse company admittance to Mr. Labor Act. violate the Wagner A settlement in the strike of bus drivers, members of the Transport Workers of America (Congress of Industrial Or¬ ganizations), which paralyzed Flint, Michigan's only trans¬ portation system for 11 days, was announced on Dec. 12 by Coach Co. and union officials. Terms of the new contract are said to include a 5c. hourly wage in¬ the Flint Trolley but does not grant a week's vacation with pay. Bus and maintenance men, totaling 112, struck Dec. 2 demands for a 10c. hourly raise and vacations crease, drivers over with pay. Carolina Power & Light Co. Strike Settled strike of electrical employees of of Asheville, N. C., was Settlement of the 11-day Light Co. Power & Carolina the Approximately 75 men had been out on strike since early morning of Nov. 29 because, it is said, reached Dec. 8. on refused to force its employees to join the Inter¬ the company national Brotherhood of Electrical Workers/(American Fed¬ Waukesha Motor Co. Strike Settled The strike the Waukesha at Motor Corp. of Waukesha, which kept 1,100 employees from their jobs since Nov. 12, was settled on Dec. 12 when the International Machinists Union 1377 accepted an agreement drawn up by Wis., the The company's union. of the by the union with a vote Details of the settlement were not available, voted was officers and company offer of 471 to 26. was on and accepted reported the settlement provided for a plan insur¬ rights seniority ing The agreement and of piece revision work systems. is to be in effect one year and reports said provision was made for a closed or union shop. no theless occasions still flict, the intergovernmental debt situation which is one of the unfortunate American heritages of the first World War showed instalments first In view improvement no due came since Dec. on the 15, ""when the newest war ing from the large debtors, such as Great Britain, and Belgium, The so-called war France settlements will be attempted. that new or debts thus remain as a constant reminder of the costliness of American interference in the began. Europe, it is hardly of the recent developments in expected that payments of any sort will be forthcom¬ to be the affairs of The futility of such interventions is made Old World. by the simple fact that another largescale "war is in progress only 20 years after the end of the "war to end all wars," and to "make the world safe for sufficiently plain Virtually all the*money due the United States democracy." Government war on an arrears account must the now great considered be debtors are en¬ expensive conflict than the one from On the basis of the original settlements, all freely negotiated, the debts and accumulated even more 1914 to 1918. of which debt for several' of irrevocably lost, gaged in were exceed how $13,000,000,000. tion for this huge loss is to The chief - compensa¬ be found in the salutary effects of disillusionment as to American participation in European other Ori£ noteworthy and significant incident of the war debt problem concerns the sum of $234,693 due on Dec. 15 from little Finland, which even then was engaged in an epic struggle it would be made invaders. Russian against known differences. so-called "zone of security" around the of these and in Administration the suggests an opportunistic casualness line dictated by principle and solely by the firm a interests of course rather matters than Much the States. United the attitude same respect to the Sino-Japanese conflict, and the impending lapse of the 1911 commercial accord between Japan and the United States. In view of such tendencies and of the prodigious power and prestige of the American presidential office, a degree of concern seems justified as to the course of American foreign policy. Perhaps the most interesting of the steps taken by Mr. Roosevelt in December is his qffort in join forces with to prevail also with appears Pius XII Pope ostensibly to religious leaders, other and for that trying post-war period which inevitably provoke bitter feelings and disputes. On the eve of Christmas President Roosevelt made public a letter to the prepare will Pope in which he proposed to send a personal emissary to Holy See. The emissary selected, who will have the rank of Ambassador, is Myron C. Taylor, who is of the world no early in The December that Helsinki the debt faith" of in regime payment promptly and in full. But President Roose¬ conference on Dec. 5 that lie would The faith. Protestant and presidential remarked these times the on "In of war. message of "greeting afflict the*» that sorrows these present moments spiritual leaders, no civil leader, can move forward on a specific plan to terminate destruction and to build anew," the letter said. "Yet the time for that will surely come. thought that, though no given action it is well tlpt we encourage a closer association between those in every part of the world—those in religion and those in government— It is, therefore, my time may now be prophesied, given who have a common send to you my I am, therefore, suggesting purpose. it Holiness that would give me great satisfaction personal representative in order that our parallel endeavors for peace and the alleviation of suffering may be assisted. When the time shall come for the reestabworld peace on a surer lishment of foundation, it is of the importance to humanity and to religion that com¬ ideals shall have united expression." Needless to say, utmost mon letters addressed Dr. Rev. George of the same of Council of the Churches of Christ in America, Adler, These dignitaries the President ^of nary. occasion on to were letters. . satisfactory ^Less peace have Federal the and to Rabbi Jewish Theological Semi¬ urged to visit the White discuss the problems outlined in the Cyrus House Roosevelt purport to the general President Buttrick, A. Mr. offer. this accepted Pius promptly Pope also preparations no sanction are in ' President's suggestions for his "moral embargoes," which clearly the than and law which in are line with the pronouncement made a year ago, to the effect that meas¬ ures would be employed "short of war but stronger and more effective than mere words." The difficulty often has been pointed out that such measures actually are a sort of economic warfare, which might velt readily lead to actual war¬ invade Finland Mr. Roose¬ Soon after Russia began to fare. uttered a at the White House on Dec. 2 a strong con- and at the same time he indicated "moral embargo" would be applied to the aggressor of the demnation that quarrels. made problems, and the war in Finland There is, finally, the debat¬ new more The ington. to European nations again engaged in a gigantic con¬ naturally entry into the last European war in economic conflict in Europe never¬ Americas, which is regarded quite generally as the brain¬ child of Sumner Welles, Under-Secretary of State in Wash¬ to Tour Intergovernmental Debts With intensified The arouses or but it to do with our much the of Labor). eration European the by part, the enormous sacrifices made when the United States enjoined its vessels from entering the European war zone, so as to avoid the sort of conflicts and incidents which had able project of the Flint, Mich. Transit Tie-up Ended created legislation appears to be justifying, at least in The 1917. the company replied that Buch discharges would his group, but Smith and an .'. Smith, Russell when followers an night shifts were sent home today after a minor disturbance The day and caused As against such trans¬ interest. long period andnvithout a fers ably was marked out at the Administration's own request, Strike Nash-Kelvinator After Government agencies, while other large sums were raised by popular subscription' in the United States for aid to Finland In addition to the payment from .Fin¬ land, the Treasury received $9,828 from Hungary, under the proposal of that country to scale down the settlement terms and effect a return of the precise sum advanced, over that wages were not involved in the dis¬ * . $10,000,000 could be advanced to Finland whereby means by step, in th^-conflict on the exportation of airplanes and bombs. Another "moral embargo" proposal was voiced by the State Department on Dec. 16 in the form of a suggestion that Americans refrain from exporting to countries engaged in the bombing of civilians the important metals molybdenum and aluminum, which are much used in aircraft manufac¬ This followed velt indicated at a press ture. remit the sum for the benefit of the Finnish people. In the meantime the United States Treas¬ ury holds the sum in a: special suspense account. The pro¬ cedure suggests the immense practical value for Finland of having observed carefully and scrupulously its engage¬ ments. Not only is a request for remission of the debt Dec. 20 by suggestion that technical information on the xask Congress payment to to be made, but the Administration also found be added to list to was on a production of airplane gasoline the moral embargo list. The tendency of this- expand, and the uncertainty of status under the extra-legel procedure, are proving highly uncomfortable for many American manufacturers and exporters. Another most interesting measure taken by President Roosevelt relates directly to the Russian invasion of Fin- - land and the straits in which the small , country finds itself. The payment by Finland on Dec. 15 of a war debt ment of $234,693 will be remitted for the benefit to extreme lows and all accounts of the Russians people, port Bank and the Reconstruction Finance Corporation had opened credits for Finland in the sum of $10,000,000 for the purchase in the United States of "agricultural surpluses and other civilian supplies." Mr. Roosevelt maintained on Dec. 12 that this credit cannot be regarded as modifica¬ a their of every tackers. The conflict at further discussion. when Security Zone American States Navy United to tense the is the only one with even a pre¬ Many additional ability of adequate patrol. problems also are suggested by the Panama Declaration, which assuredly will arouse more antagonisms and difficul¬ ties than it possibly could prevent. None of the great belligerent countries in Europe have expressed more than a perfunctory interest in the declaration which changes the rules in the middle of the game. State The for mover Department in declaration the Washington of Panama, was- and the it fell prime to the formulate measures for the delineation and defense of the step thus taken. An international con¬ sultation was inaugurated by Washington in December, on State Department to the various "violations" of of the zone-of-security by belliger¬ The result was made known on Dec. 23, in the form ents. statement a to British, the French and German Gov¬ transmitted through the new President of Pan¬ ama, Dr. Augusto S. Boyd. As summarized in $ State De¬ partment announcement, this note referred to the war de¬ velopments on this side of the Atlantic and their infringe¬ ernments, security zone. ment of the The American nations, accord¬ ingly, "resolve to lodge a protest with the belligerent coun¬ tries and to initiate the necessary consultation in" order to strengthen the system of protection in common through the adoption of adequate rules, among them those which would prevent belligerent vessels from supplying themselves and repairing damages in American ports, when the said ves¬ sels have committed warlike acts within the zone of security Critics of the measure in this country have pointed cated. out the Declaration of Panama," the note indi¬ in established at some length the numerous problems involved in so hazardous an undertaking as the control of many thousands of miles of open seaj but the State Department appeared oblivious all criticisms. to Russia which the larger war experts that Russia in return for the Berlin-Moscow axis accord, with Germany possibly holding its actions in the Balkans in reserve, gained a degree of confirmation. On the general European checkerboard it would seem to be obvious that Rumania has much to be concerned about if the Russians are to engage in terri¬ known. come Rumania holds the former Russian prov¬ Bessarabia, title to which never was renounced by Kremlin. But the Bucharest authorities remained calm, ince of the gained ground that the Reich may have given a guarantee of territorial integrity, in re¬ turn for favorable arrangement covering the supply of oil and other products to the Reich. In several Balkan capi¬ tals it was pointed out that Germany needs a peaceful Balkan area for her own supply lines, and fears of becom¬ ing embroiled in the several wars diminished on such con¬ and the belief the Rumanians siderations. Red troops and Finland but the fortunes of war soon turned and the of Russia were defeated on a number of fronts. circumstances that made this astonish¬ possible still are somewhat uncertain, but the result political importance of the events is quite definite. Hugely superior in man-power, the fears were entertained at first" that the Russian invasion of Nov. 30 would demolish the defenses mans of Finland in marched almost through Poland. as short order as the Ger¬ At the end of December,, has other com¬ most important operated, doubtless were coveted by the Russians, as they would be by any warlike State, for nickel is a basic ingredient in the manufacture of war materials. In Norway and Sweden the view was advanced on occasion that the Russians really district of Finland, which holds the second nickel aim These mines. which are British mines, conquest of all of Scandinavia, to the end that a at port might be obtained on the Atlantic and preparations thus for made invasions further of more lands. distant Scandinavian anxieties, more than probabilities. So deeply concerned were the Scandinavians, however, that several contingents of Swedes and Norwegians were added to the Finnish defense forces Such views may well have reflected in From December. obscure, Italian sources, that are The effect of the Finnish the Far East is still another Russian prestige in on reasons rumors countries to the south in Asia. affair for that the Russians were not only Finland, but also neighboring repeated came anxious to conquer problem, and not an easy one to solve in view of the suc¬ cesses said to have been achieved by the Red troops in their conflicts with Japanese forces along the border of Manchukuo and Outer Mongolia. Another circumstance of first-rate importance is the turn of world attack opinion on The owing to Russia, from away Finland. Russians o had built up the base carefully and skilfully, over a period of 20 years, the myth that their essentially a pacific one. This illusion they shattered in part when they moved into Poland^ and all regime was pretense was cast aside when the Red Army was sent on its march into little Finland, with which Russia always had been States on excellent wave a diplomatic of revulsion terms. In the United occasioned by the Russian was action, and the desire of President Roosevelt to remit the intergovernmental debt payment to Finland reflects the prevailing be from a sentiment, however longer viewpoint. inadvisable the move may Also indicative of Administra¬ tion sentiment in Washington is the opening of a it reported The actual military ing attack against Finland Russian the But plications, and all through December the foreign affairs experts were busy endeavoring to. calculate the chances. One obvious factor in the invasion is the Petsamo mining known that credit of Both England and France made they were extending practical aid to Fin¬ airplanes reached the small country in considerable numbers, some accounts stating that Italian * The at first, of some opinion $10,000,000 for Finland. the forces ress The gained a free hand in the Baltic States, of that country pushed the invaders back with heroic determination. The invaders made some prog¬ and There is no satisfac¬ made possible. tory answer to that problem, as yet, and perhaps will not be until the .full terms of Russo-German collaboration be¬ and ItaRan land, was of the Helsinki authorities td frantic endeavors the prevent war were brushed impatiently aside. This brought up the question immediately whether the Russo-Finnish conflict was merely an extension of the great fight between 4he Allies and Germany, or represented a sort of side action all through the month of December in the bleak northern reaches of Europe, where the Russian troops attempted to overwhelm little Finland, Bitter fighting Estonia, Latvia and Lithuania previously had spell of Russia, could hardly be questioned as fallen under the torial expansion. American republics were emphasized in December owing to the battle off Uruguay between the German pocket-battleship Admiral Graf Spee and the British cruisers, Exeter, Achilles and Ajax. Other incidents affecting the problem were the scuttling of the German luxury liner Columbus, after pursuit by a British destroyer, and the chase into Port Everglades, Fla., of the German freighter Arauca by a British cruiser. The great naval battle off Uruguay, and the other incidents to some degree, all affected the declaration of the 21 American re¬ publics at Panama City, Oct. 3, when a so-called zone-ofsecurity was drawn around the waters of the Americas to an average of 300 miles from the coastlines. The principle announced at Panama City is an entirely new one, which cannot be regarded as sanctioned by previous rulings or tenets of international law. It extends far to sea the pre¬ sumed area of national jurisdiction, but leaves open the problem of policing such a vast expanse df green water, for Neutrality problems of all the 21 the developed at first along lines indicated when and all attempts The aim of Moscow to dominate Fin¬ the Russians refused all councils of peace smacks of of importance the tendency of British warships to force American vessels into British control ports and there examine cargoes at great leisure and remove mail. Our neutrality legislation was designed to make such British steps needless, but they continue and are arousing misgivings. It is to be noted, finally, that the State Department on Dec. 9 issued a belated and exceed¬ ingly mild protest to England on the British decision to seize all German ocean-borne exports, which is quite as plainly a violation of international law as the German mine-laying which provoked it. All American rights were reserved by Secretary of State Cordell Hull. participant in a war, even if undeclared, one anything but neutrality. A further matter in the developing international situation is im¬ by the Finns may have been the most homes and lakes were mined and conceivable obstacle placed, in the way of' the at¬ land, to A well organized defense to death. frozen were indicate that hundreds of portant factor of all, for forests is nevertheless clear that financial aid by the United States Government of the neutrality laws or policy, but it tion fell something to do with the matter, for the temperature instal¬ if Congress agrees, the President said. More important, he stated on Dec. 10 that the Export-Im¬ Finnish 5 MONTHLY REVIEW Jan., 1940] aviators continued to man them in the fight with Russia. League of Nations assembled at Geneva, Dec. 9, and after an unsuccessful effort to have the Russians with¬ draw their troops from Finland, Moscow was ruled out of the League on Dec. 14. Only Germany seemed to offer no objections to the Russian invasion of Finland. ' The military attack of the Red troops was organized on fronts, notably from the direction of Petrograd toward the Mannerheim line on the Karelian isthmus, several toward the middle or "waist" section of Finland with the obvious aim of cutting the country in two and thus making its defense doubly difficult, and toward the Petsamo region however, of the far north. troops might have been undertook the defense of the country with admirable energy and superb skill. It soon appeared that the Russians were the Russians were so badly defeated on several fronts that military experts conjectured only second line used in the aggression. The long wintry nights probably aided the defenders to a degree, and the better clothing of the defending Finns, possibly had The new regime of Premier Risto Ryti running into mine traps everywhere toward the Mannerheim line. gress as In they tried to pro¬ Finland's "waist" <; MONTHLY REVIEW V. the Russians made some but in this Case ran into Far to the north the Russians tion in the South Atlantic when the the Finns adopted a "scorched earth" policy and destroyed all shelter. The bitter cold that soon descended brought havoc to the Russians, who were said in some re¬ ship encountered units developed early on Dec. 13, some distance off shore, when the Graf Spee at¬ tempted to intercept the French merchant ship Formose. But the Formose was convoyed at a distance by the British cruiser Exeter, which promptly hid the Formose behind a ports to be inadequately clad. smoke progress, carefully laid military traps. overwhelmed first at around defenders the Petsamo the but area, authorities By mid-December the Mos¬ claiming advances up to 50 miles into Finnish territory. It would appear, however, that this constituted little more than a trap for the invaders, as Finnish troops suddenly turned the tables in all sections and closed pincerlike grips in some cases. The defenders cow were below set-off mines frozen lake the hundreds of their opponents. surfaces and drowned They claimed the destruction of individual forces up to 7,000 and 10,000 men in the early stages of their counter-move, while at the end of December Russian whole a division of 18,000 men reported was Russiansl#1in advantage during Only in the air were the the later stages of the military moves of would be Finns made idle to the importance deny with good progress December, and it that fact. of relatively their The small air in December in damaging the Murmansk rail line, making the Russian supply precarious for troops in the far north. But the Russians were able to bomb the important cities of Helsinki, Viborg and similar communities almost at will, and when daylight hours lengthen in the coming months this possibly will prove a most serious matter for succeeded And At defenders. bow to the storm ruthless bombing form war of v times Russians the of world indigation civilians. of frightfulness over But was seemed attempted, to their tactics of and ever almost again the with this same noteworthy lack of success that already had been demon¬ the in strated Spanish rebellion and the Japanese war of aggression against China. The Russian air strength caused misgivings among all friends of the heroic Finns, but no events of the future can dim the glory attained, by the in nation small defense its against during the first month of the Russian I • Sea war fighting Western overwhelming odds of aggression. war ship in and the great conflict. encounter the larger and more powerful Signals for help brought to the engaged action. Exeter the smaller British cruisers Ajax and and the three Ships kept their guns smoking as they harassed the German battleship, finally driving her into Montevideo harbor just before midnight on Dec. 13. It soon appeared that the Exeter was badly hurt in the the of Achilles, which she continued until only a single gun re¬ in firing order. The Ajax and Achilles also were battle, mained hit. Graf the On when wounded, Spee the 36 were smoke of dead battle and number a cleared The land fighting was un- of while away, the Exeter, and also to a small degree on 72. The Exeter limped off the Falkland Islands, base of the British, and the Ajax the to other on cruisers, numbered and Achilles took up the vigil outside Montevideo, awaiting break for open water that the Graf Spee might attempt. But no such attempt ever was made, and the Graf Spee any incident of the ended ingloriously ship. The on Dec. of the arrival 17 with German the "suicide" battleship at Montevideo occasioned a period of intense diplomatic activ¬ Examination of the crift disclosed that she had been ity. badly hurt, with and fire her shell holes above the water line numerous control tower apparently out of action. Ger¬ diplomatc representatives asked Uruguay for the right man to hold the ship in harbor until repairs could be completed. Under Uruguayan laws this might have proved feasible, but British representations apparently were made strongly to the effect such that regulations observed almost everywhere in should be observed also by Uruguay. contingencies Whatever the of course these changes may have been, of departure the Graf the undisclosed result was diplomatic an order ex¬ for the Spee by Sunday evening, Dec. 17. Graf Spee, accompanied by the German merchant ship Tacoma, moved down the harbor. As that under the military incidents of the Western Front, during the fourth of The hour approached the Just at the three-mile territorial limit the Graf Europe developing aerial struggle of the between the Allies and Germany far overshadowed the month side fleet. and screen German late important strategically the British the British dead destroyed. force, of tremendous explosions, and having been transferred sank, all Spee shook of her crew meanwhile to the Tacoma, which put back into Montevideo, where she was interned 1940. on Jan. 1, Four days after the death of his ship, Captain Hans Langsdorff of the Graf Spee shot and killed, himself in a at Buenos Aires, the delay having been due, accord¬ ing to notes left by the German officer, to his desire to dramatic in the extreme, though doubtless more important. hotel Opposing armies of some 2,000,000 men each faced each other throughout the month, with only occasional skirmishes or raiding expeditions. The vast armies remained in their see respective Maginot and Limes fortifications, awaiting trucu¬ any attack that their enemies might be foolish enough lently to All military experts attempt. agreed that such are an be would attack immensely costly in man-power and pos¬ sibly" might cause three casualties to the offense for every casualty inflicted on the defenders. In these circumstances the military sit to leaders seem quite prepared, for the time being, The weather is highly unfavorable in any that decided offensives are unlikely before spring, tight. event, so if desperation forces a move. As matters stand the chief problem is to keep the idle troops contented, and this is proving no easy task. So quiet is the war that the French calculate their total army casualties from Sept. 3 even to Dec. 31 number at 1,150 killed in men, the fahich is only United States through automobile accidents. But on the high seas and in the Germany allies and the Anglo-French determination that entire It affair. is reflects the the British a fraction of the in the period same was economic intent to war waged between with import beat the of a the Reich economic grounds, if possible, and the closing blockade Germany begins to exercise a strangle grip. In retalia¬ tion for the German laying of mines along the eastern coast on of of England, an order-in-council was issued late in November for the seizure of all German sea-borne exports. placed in This order progressive effect during December, and finally made complete on Jan. 1, 1940. German trade and economic publications admitted that the position of the Reich in world trade was becoming ever more difficult. was German use of "ersatz" materials increased steadily, and the people were asked to tighten their belts increasingly. Apparently on a precaptionary basis, the British also began to feel the pinch ever more decidedly. To the recent rationing of butter and bacon, the British supply authorities men ler. In nine the ported sunk. battle the and also many, praised the German commander The German on luxury the highly high liner seas Bremen, reported on Dec. 12 as having made the run refuge in the Russian port of Murmansk to herport of Bremen. British authorities were the first was her home disclose to this incident, as a'British submarine sighted Bremen, but reputedly made no attack owing to inter¬ national rules against attacks on unarmed merchantmen. the German' authorities claimed that drove off the British submarine. German the liner Columbus a bombing airplane From Vera Cruz, departed on Mexico, Dec. 13, with the obvious aim of running for her home port. But the vessel, 32,581 tons, ran afoul of a British destroyer some 450 miles off New York, and promptly was set afire and scuttled by her crew. The crew of 577 men and women was brought of to New York on the U. S. S. Tuscaloosa, which, it appeared, of the Caribbean and kept the followed the Columbus out German ship in sight while in the coasts of the Americas. Still "security zone," off the another incident was the arrival at Port Everglades, Fla., on Dec. 19, of the German freighter Arauca, with a British warship at her heels. There were some encounters of warships, other than the Graf Spee battle, but the results are not entirely clear. ' The British submarine which reported sighting the German liner Bremen made her way up the estuary of the Elbe River and reputedly denied the marines, according to acknowledged figures. France in the same time lost 11 ships of 48,000 tons. German merchant no all dramatic. were from at pocket-battleship Admiral Graf Spee, of 10,000 tons, de¬ signed for commerce raiding, was fulfilling that dread func¬ sink¬ slipped out of New York just before war was started by^Germany against Poland and by the. Allies against Ger¬ December, 126 British merchant ships of a total tonnage of about 460,000 were destroyed by mines, raiders and sub¬ ping tonnages. By far the most dramatic incident of the war occurred off Montevideo, Uruguay, on Dec. 13, and in that South American port during the next four days. The German that the which torpedoed by the Germans, commander's totaled 22 of a tonnage of 127,000, while neu¬ trals lost 90 ships of an aggregate tonnage of 273,000. These totals are modest in comparison with available ship¬ indicated for his treatment of his captives. Several other incidents of the warfare been vessels lost was of the raiding career of the Graf Spee, ships of a total tonnage of 50,000 were re¬ The men of the merchant crews lived through added in December both meat and sugar. need It course chant Figures on mer¬ ship destruction suggest that there is no desperate as yet for such British measures. To the end of cared for. merchant The . air the all his ing of the Graf Spee was ordered by Chancellor Adolf Hit¬ a as German battleship. also was submarine report that another German naval craft had torpedoed off the German, coast. British This/vVas British a air force essayed a raid Early in the month on the Germau^base Helgoland, and reported damage to German craft. man Ger¬ airplanes soared over British bases but apparently cud An unnamed British warship admittedlj^^as Dec. 29 by a German submarine, but was said damage. torpedoed by the London nomic war was Government to have waged with moderate made port. success on The eco¬ either side. Germany reported new trade and commercial agreements Russia, and likewise announced that first shipments with from Russia under the arrangement between Berlin and Moscow reached the Reich in December., The British Gov¬ ernment, with its vastly greater resources, effected treaties with Sweden, Spain, Yugoslavia and Turkey, designed in part to prevent supplies from which reaching are Ger- MONTHLY EEYIEW Jan., 1940] The financial costs of the war were borne during September by all the belligerents through short-term bill issues, advances from central banks and sales to the public of small denomination war bonds. No large flotations were many. placed on the markets. In all the three great belligerent countries government leaders endeavored to cheer the people and hearten them King follow if the war continues. for the hardships sure to his greetings to Britons everywhere on Christmas Day,- in a radio address. The British sovereign extolled the unity of the Allies, who are fighting, he said, the "cause of Christian civilization." On Christpaas Eve, Premier Edouard Daladier- exhorted the French people to George VI sent and courage that the conflict would be waged promised weakness, but also with the greatest possible conservation of human lives. Shancel'lor Adolf Hitler"spent the Christmas holiday with the German troops at the front, where he awarded decorations and distributed gifts. His deputy, Rudolf Hess, and his army commander, Colonel-General Walther von Brauchitsch, urged the Ger¬ without flinching conclusion. the struggle to a victorious to carry mans or Japan and the United States- Increasing concern and conjecture regarding the develop¬ United States and Japan impending Jan. 26 of the commercial accord which the United ing diplomatic difficulties of the apparent in December, owing mainly to the were lapse on The Administra¬ States Government denounced last July. tion action will leave this country free to take any measures appropriate in the Far Eastern situation, where considered 4 Japan is largely dependent upon the United States for war supplies. impression slowly gained ground that Mr. ask Congress for authority virtual embargo on trade with Japan in certain The Roosevelt might go so far as to to declare a items, the series of "moral embargoes"-giving color to that In preparation contention. for this possibility the Japanese lately have been taking large quantities of American steel and other basic American materials, but this might only postpone the Japanese crisis for a month or two if an actual and general embargo were voted in the United States. It can hardly be doubted that Japan will be unable to obtain adequate supplies from Europe, as that continent is locked in a war of its own and needs all its own supplies. The , Japanese-American p delicacy, for as virtual a Japanese manifest crisis half in position, therefore, is one of growing embargo move might be regarded in Tokio declaration by the United States. any war concern matter were started ever a in more Cabinet latter the States Ambassador United with became almost caused and Conversations the month of this over December, during Tokio. Joseph C. Grew, and the momentary impression was gained by the Japanese that there will tween an the countries. two and in are abrupt ending of trade be¬ this was soon corrected to lapgAwill take place while progress. A#1 Japanese optimism impression that tions" no no the unusual spectacle was presented on "negotia¬ vanished, Dec. 26 of an informal gathering of Diet members in Tokio, at which 240 Deputies criticized the Cabinet headed by Premier Noboyuki Abe and urged it to "consider proper steps regarding resig¬ nation." This the Premier refused to do, but his position necessarily was made more difficult by the resolution of a majority of the Diet. The war being waged by Japan against China was continued with the desultoriness necessi¬ tated by the northern harsh Chinese illustrated American gested entire the views. lack Early of in winters. Airplane continued, and Japanese comprehension of bombings of helpless civilian centers were the month the Japanese sug¬ reopening of the lower Yangtze to trade, appar¬ ently in the belief that such actions would serve to placate the United States. The possibility now must be faced of a troublesome period of United States-Japanese relations, and it is to be hoped that adjustments can be reached. a Steel The steel trade Trade—Non-Ferrous Metals continued most of the month at a to report operations during high rate, thd last week only being Steel No. Go.'s blast 1 _ beginning of the new year most makers of sheets and strip have fairly largo backlogs extending through the first quarter.* Makers of liot rolled bars and wire rods are in the position, but in other products the delivery easier. Plate mills still have sub¬ stantial backlogs running through three or four months of 1940 for railroad equipment and repair work. Mills rolling rails and track accessories will not complete for some much the same situation-is months tural the steel becoming large orders placed since September. Struc¬ in lighter demand; a seasonal condition. is Though shipments of fabricated material in November by of the American Institute of Steel Construction members contracts fell of sharply. Weeklately have been in reduced aggregate tonnages. December steel output is estimated at about 5,200,000 tons, as compared with 5,462,616 tons in November, the all-time record month." The "Iron Age" composite price of steel scrap continued to decline during the month as follows: On Dec. 5 from $18.58 to $18.25 a gross ton ; on Dec. 12 to $18.08; on Dec. 19 to $17.83, and on Dec. 26 to $17.67, which compares with the low of $14.08 reached on May 16 last and the high of $22.50 touched on Oct. 3, 1939., At the close of 1938 steel scrap was quoted at $14.92 a gross ton. The "Iron Age" composite prices of finished steel1 and pig iron remained unchanged throughout the month under review, the former holding at 2.261c. a pound and the latter at $22.61 a gross ton, as compared with 2.286c. for finished steel and $20.61 for pig iron at the were in good volume, new to-week awards close and inquiries of December of 1938. The operating rate of steel companies having approxi¬ mately 97% of the steel capacity of the industry, accord¬ ing to the American Iron and Steel Institute, was scheduled at 73.7% for the holiday week beginning Dec. 25, 1939, the lowest rate since the week of Sept. 11,1939, when operations at the rate of 70.2%. It also compares with 90.0% were for the week beginning Dec. 18, 1939; 91.2% for the preced¬ ing seven-day period; 92.8% for the week beginning Dec. 4, and 94.4% for the week beginning Nov. 27, 1939, which was the high for the year. At the close of December, 1938, operations were reported to be at the rate of 38.8% of capacity; at the close of 1937 at 19.2% of capacity; at the close of 1936 at 77.0% of capacity, and at the end of 1935 at 46.7% of capacity. As to non-ferrous metals,, "Metal and Mineral Markets" reported during the month in substance as follows: Busi¬ booked by copper producers for domestic account dropped to 2,567 tons during the week ended Dec. 26, which ness with 8,296 tons in the preceding seven-day period, 5,645 tons for the week ended Dec. 12, and 14,022 tons for compares the week ended Dec. 5. Sales of copper for the month to Dec. 26 amounted to 25,965 tons, as compared with 51,592 tons for the full month of November and 67,075 tons for the month of October. The position of the copper market producers holding to the 12.50c., Valley, quotation. Demand for lead during the week ended Dec. 27 was in good volume, considering the holiday period, sales involving 5,495 tons as against 4,121 tons in the previous week, 4,660 tons in the week ended Dec. 13, and 7,425 tons in the week ended Dec. 6. The price of lead continued firm at 5.50c., New York, and at remained 5.35c., virtually St. Louis. most of week ended the unchanged, The month, Dec. 23 market sales of for the zinc was common dull grades during for the totaling 688 tons, against 1,246 tons 1,318 tons in the week ended Dec. 9, in the preceding week, and 1,686 tons in the week ended Dec. 2, The quotation for zinc was decreased on Dec. 4 from 6.89c. to and Dec. 29 to 6.14c., New York. ing purchases by the Government, on 6.39c., New York, Business in tin, except¬ was inactive toward the end of the month, while 49.50c., New York, as influenced mainly by holiday shutdowns. Steel scrap prices In its issue of Dec. 21 the "Iron Age" "The-downward trend in steel orders and has been rebuilt. furnace, which Except for tin-plate, which is in a seasonal decline, with operations this week at only 68%, partly due to holiday shutdowns, steel products are enjoying a demand which is better than was expected for this time of the year. At its price dropped and on Dec. 29 was compared with 53.00c. at Nov. 30 last. Lumber Movement again were lower. stated, in part: specifications, which has been in evidence during the past checked, but is assuming no more few weeks, has not been than the usual year-end proportions. While some producers arerelaxing-pressure for shipments, presumably because of Jnfentory and seasonal considerations, others are taking steel as rapidly as mills can supply them. Further checks on inventories in the hands of consumers and distributors disclose no excessive stocks with tin-plate, of which can the possible exception of companies and mill warehouses have The lumber movement during the week ended Dec. 23, 1939, in relation to the seasonal averages of prior years, according to reports to the National Lumber Manufacturers Association from regional associations covering the opera¬ tions of representative softwood and hardwood mills; was as follows: ' Production Per Cent of 1929 buying is in good volume, estimated by a number of mills approximately 65% of current shipments/ A few orders have been placed for delivery as far ahead as April. Auto¬ at mobile manufacturers assemblies roads reach pressing for deliveries as their record-breaking totals, lie rail¬ are almost buying lightly as compared with recent perform¬ but some orders for new equipment and repair work being placed." The same publication on Dec. 28 re¬ are ance, are ported, in part: "Pig iron production is holding at a high level, having been augmented by the blowing in of Inland Per Cent of 1938 105 Shipments.... 77 108 121 Orders 79 119 123 such ample stocks as to indicate a rather sharp decline in tin-plate production over the next several weeks. Notwith¬ standing the somewhat easier situation, first quarter steel Per Cent of 1937 73 .... Compared with the average 125 of the preceding 10 weeks, lumber production of the week ended Dee. 23, 1939, as re¬ ported by 11% fewer mills, showed a decline of 18%, while business and shipments declined 5% and 20%, respec¬ tively. Compared with the preceding week, production, shipments and new orders, as reported by 11% fewer mills, were, respectively, 11%, 4% and 7% less-. New business during the week ended Dec. 16,1939 was the heaviest booked in eight weeks. ' Reported production, shipments and new orders for the 51 weeks of the year to Dec. 23, 1939 were 16%, 17% and 15%, respectively, above the corresponding figures for the new . 8 MONTHLY KEVIEW - same of wheat to was ancy period in 1938. For the 51 weeks of 1939 new business 6% above, and shipments 5% above output. During the week ended Dec. 23, 1939, a total of 472 mills produced 195,651,000 feet of softwoods and hardwoods com¬ bined; shipped 188,101,000 feet and booked orders of 193,695,000 feet. Revised figures for the four preceding weeks follow: ' some activity. extent, but did not display the same buoy¬ Rye made the best showing, being stimu¬ lated by unfavorable crop prospects in the Northwest. The Department of Agriculture in its report on Dec. 21 placed the area seeded to rye at 5,640,000 acres compared with in the fall of 1938. The condition Dec. 1 was estimated at 64% of nor¬ mal, compared with 76% a year ago. The revised official estimate of the corn crop x>laced the 1939 production at 2,619,137,000 bushels, or an increase of 56,940,000 bushels over the 1938 output. It is also about 28,000,000 bushels 7,1S7,000 acres seeded of the rye crop as of \ Orders Received No. of Production Shipments Mills (FeetJ (Feet) 633 220,872,000 237,475,000 231,027,000 212,317,000 196,929,000 Week Ended— or Dec. 16, 1939 Deo. 9, 1939 Dec. 2, 1939 527 Nov. 26, 1939 537 549 ^ (Feet) ' . 207,233,000 185,912,000 195,875,000 176,765,000 205,630,000 231,962,000 217,398,000 higher than the last official estimate in the heavy supply prevented the corn November. Thus market from experienc¬ ing the same degree of buoyancy which characterized other Leather and Footwear Hides, > Letter," under date of Dec. 29, comments upon these mar¬ In Chicago the May wheat option closed on Satur¬ 30, at $1.04% as against an opening price of 88%c. on Dec. 1. At Winnipeg the May wheat option closed kets on grains. Boston, in its "New England The First National Bank of follows: as "Shoe will exceed the previous high record of 1936, when output totaled 415,000,000 pairs. While letail sales of footwear also are esti¬ production the year undoubtedly for improvement, the lower margin mated to have shown some of last year suggests that some shoes may have accumulatetd in the hands of distributors. This is partially gain over confirmed ■absence the lag in advance sales for spring. The outstanding style feature has reduced the by of an usual incentive buy, and in the, circumstances manufac¬ to turers and buyers have found it difficult to agree on price. Murders booked thus far have been at only slight advances estimate that their costs have increased to 20%. Some lowering of quality accordingly whereas producers from 10% taking place. is "A broad sizable for In sole sight. be in spring Shoes may interrupted by the condition of war, the improvement has Prices of all grades are firm to slightly gradual. more higher, and tanning operations are expected to continue at the present active finished of rate well into the first quarter. Stocks in all hands have been reduced to a leather favorable more "Hide prices export. have risen moderately above the November point, with the advance more marked in Buenos Aires than by due in part to an relationship to demand, increase in sales for low in Much of the buying, however, has been will reappear on the market prices are lower in terms of spot quotations. Chicago. whose holdings traders when futures Hides in the hands of packers are low, but the tight supply position of the domestic industry as somewhat by increased Grains ' featured domestic wheat markets during the past month. After advancing in the markets met heavy realizing and liqui¬ dation under which part of the gains kets, however, undertone, unusually an with prices reaching the highest ground in manner, two years, over whole has been eased a imports." Wide price movements sharp ended the year Tlie continuation with of The lost. were mar¬ exceptionally firm an drought conditions severe throughout the the greater part of the winter wheat belt was influence making, for higher prices during the chief early part of the month. increased the The Russian invasion of Finland possibilities of an extension of hostilities to the Balkans, where considerable quantities of produced and thereby created apprehensions of supply in these countries. Rumania wheat are curtailed a other and countries have furnished considerable grain in years to Balkan thef last few froih the Black Sea be cut off, it is quite materially larger r>urchases of grain would possible that have to be made in Canada or in the Southern Hemisphere. In regard to the latter, the outlook is not altogether promis¬ Official reports place the new Argentine crop at 148,000,000 bushels, the smallest with two exceptions in more ing. 24 This years. bushels harvested 000,000 bushels. estimate last and year an 336,000,000 with compares yield of 230,- average The report has been construed as indicat¬ ing that Argentina will have about 80,000,000 bushels avail¬ able for export after allowing for the requirements of Brazil and other the domestic fall drought estimate of at the ^ the crop, full the In regard to import 21 of the probable yield and Describing the drought-damaged Dec. on crop. lowest American countries. wheat of the contained in the Department of Agricul¬ was ture's placed South winter dition as condition ever reported, the con¬ crop Department the indicated yield at about 399,000,000 bushels, which is only about 23,000,000 bushels above the winter crop in the great drought year of 1933, and which compares with a crop The of 563,431,000 bushels harvested condition of the crop as of Dec. 1 in was the year in view placed by the regard to the of the lack of subsoil reserve there is little possibility of a better than normal "crop being realized. Heavy snowfall during the latter part of the month in the winter belt, however, temporarily eliminated apprehension of further deterioration in that prompted heavy realizing and section of thb country and liquidation? under which prices lost part of their gains. It whs pointed out, however, that much of the Winter wheat cro£ was believed to be beyond repair. Corn, oats and rye followed the trend pressure 30 at 88%c. as against an opening of 79%c. on Dec. 30 at 5.8%c. compared with an opening of 54%c. on Dec. 1. May oats closed at 39%c. as compared with 37%c. on Dec. 1. May rye closed at 75%c. as compared with an opening of 56%c. 1. May corn in Chicago closed on Dec. 1. on Sugar A generally steady undertone prevailed in the market for sugar "futures" during the past month until the final days when a downward trend developed. During the gerater part of the month the market backed and filled under the influence of various conflicting rumors and conjectures from Wash¬ ington regarding the quota system and the trade agreement with Cuba. According to some reports no prospects of an of the quota system was contemplated others a return of the system was quite possible. However, inference was made that some action would have to be taken to help Cuba, and in this connection, the most logical step would be a reduction in the Cuban duty.. During the latter part of the month the new trade agreement with Cuba was announced, the main provision of which was to reduce the duty on Cuban sugar to .90 cents, this reduction to automatically take place as soon as President Roosevelt proclaimed that the emergency of September was over and the quota system was to be restored. Prior, to the issuance of this proclamation on Dec. 26, 1939 (to become operative on Jan. 1, 1940) end-year realizing and adjustment of accounts caused a reaction in prices during the late trading. After the market had closed on Friday, Dec. 29^£or the remainder of the old year, Secretary of Agriculture/Wallace announced that the United States sugar quota for 1940 had been placed at 6,725,100 short tons. This compared with the revised total in effect as of Sept. 11 of 6,755,386 short tons, and the original figure announced in December, 1938 of 6,832,157 short tons. Secretary Wallace also announced thjit the figures were subject to adjustment when final figpres on dis¬ tribution and other factors for 1939 were received. WThile the market was closed and therefore could not reflect what¬ return while according to was placed upon the quota announced, the construed among the trade as more or less bullish. Sales of Cuban sugars during the month continued of light volume and consisted of the following, all c. & f. exclusive of duty: On Dec. 1 prompt shipment at 1.79c. on Dec. 15, December shipment at 1.83c.; on Dec. 27, import at 1.93c., and January shipment at 1.95c.; on Dec. 28, prompt ship¬ ment at 1.92c., and January shipment at 1.92c.; and on Dec. 29, prompt shipment at 10.90c. The wholesale price for yefined, immediate delivery, was quoted at 4.70c. throughout the month. ever construction figures were Coffee The market for coffee "futures" ruled comparatively quiet less irregular and the final tone steady. U. S. roasters were believed to be working with substantial inventories, and with curtailed markets abroad, aggressive demand was lacking. Although the visible supply with price fluctuations more or had declined somewhat from the November peak, it was generally estimated that invisible supplies were still large as a result of the heavy Steptember purchases. No. 7 Santos was quoted on Dec. 29 (Dec. 30 was a holiday and Dec. 31, Sunday) at 63^c.@6^c. against 6%c.@6*%c, Nov. 30; 6Mc.@6^c. Oct. 31; 6^c.@7c. Sept. 30; 6^c.@ 6Kc. Aug. 31; 6%c. July 31, the same as on June 30, against 6%c. May 31; 6^c. April 29 (April 30 was Sunday); 6%c. March 31; 7c. Feb. 28, the same as on Jan. 31. No. 7 Rio was quoted on Dec. 29 at 5j%c. against 53^c, Nov. 30, the same as on Oct. 31 and Sept. 30, against 5^|c. Aug. 31, the same as on July 31 and June 30; 5^c. May 31, the same as on Aprii 29 and March 31; 53d?c. Feb. 28; 5^c. Jan. 31. Rubber 1939. at only 55% of normal. In forthcoming spring wheat crop, reliable authorities believe Department that Dec. Dec. Germany, Italy, England and the neutral nations. Should supplies than Dec. immediate upturn in sales of upper leather suggests that orders leather, where normal supply channels are less likely to be been day, rubber, early in the month, followed a slightly easier trend, mainly as a result of a sharp increase in net exports from producing countries, and because of fearsthat rubber prices in England were about to be fixed officially. Crude Subsequently, a substantial rally developed as the reports of impending British Government price control scheme were denied, and further sinkings of British ships as well as the continued delays in rubber arrivals, exerted a bullish effect on the market. An additional supporting factor was the release of the United States rubber consumption figures for November amounting to 54,322 tons compared with 49,050 I tons in November 1938. During the closing week of the an \ mouth heavy liquidation in the December position got under tenets of international and met with little support, resulting in the wiping out of most of the large premium for the spot delivery over some of the future positions. Ribbed smoked sheets for spot delivery were quoted at 1934c. asked/Dec. 29 (Dec. 30 was a holiday, and Dec. 31 Sunday) against 2024c. asked Nov. 30; 20%c. asked Oct. 31; 21c. asked Sept. 30; 16J4c. asked Aug. 31; 16^gc. asked July 31; 1634c. asked June 30; 16 ll-16c. asked May 31; 16c. asked April 29 (April 30 was Sunday); 15J4c. asked March 31; 1634c. asked Feb. 28; 15 13-16c. asked Jan. 31. The < Textiles the early part of the month, subsequently lapsed into dull¬ ness, chiefly as a result of year-end influences. Retail trade experienced its customary pre-holiday spurt, with the dollar volume of sales recording substantial increases over the previous year. A stimulating factor, particularly for the movement of heavy apparel lines, was the advent of wintry weather in wide sections of the country. Wholesale trading the ^ a spotty character, and transactions were largely con¬ on holiday goods, but the nearby fined to last-hour reorders promising, because of the sound condi¬ tion of inventories bothdn wholesalers' and retailers' hands. Raw cotton in December, during the first half of the month, showed pronounced strength, and prices reached levels not seen in over two years. Around the middle of the month a substantial reaction occurred, but, subsequently, most of the losses were regained. Chief among the factors respon¬ sible for the rise ip values was the growing belief that the supply of "free" cotton in trade channels may prove inade¬ quate to meet requirement's during the current season. Other strengthening influences were the sharp upturn in the foreign markets and the spurt in export sales, as well as the continued high rate of operations enjoyed by domestic mills. The temporary setback in prices witnessed about the middle of the month, while chiefly due to profit taking and preholiday liquidation, was in part the result of considerable hedge selling against repossession of loan cotton. Spot cotton here in New York was quoted at 10.30c. Dec. 1 and reached a high of 11.66c. Dec. 13. From that point an irregular reaction carried the quotation to a low of 11.06 . Dec. 20, but subsequently, the price rallied to 11.36c. Dec.29. Trading in the gray cloths markets during the first half of the month expanded materially, mainly in response to the upturn in raw cotton values. Later, however, trading be¬ came inactjve as holiday and year-end influences made them¬ selves felt. V Print cloths at Fall River for 28-inch 64x60's, on Dec. 6, declined from 434c. to 434c., but on Deq. 14 regained the former level. The price of 27-inch cloth 60x64s remained at 434c. Dec. 29, while Osnaburgs advanced from 834c. Nov. 30 to 8J4c. Dec. 29. The report of the Census Bureau issued Dec. 14, and covering the month of November, outlook is regarded revealed that sumed bales a as record volume of the staple had been con¬ during that month. lint of and 90,701 The amount bales of was given as 718,721 linters compared with 686,936 bales of lint and 97,706 bales of linters in October, 596,416 bales of lint and 68,754 bales of linters in November, 1938. The woolen goods market remained inactive. Interest centered in overcoatings, reflecting the stimulating effect of and weather and the depletion of 'stocks in this division. operations continued at high levels, chiefly based on the still existing accumulations of older orders. Prices, early in the month, displayed a softer tone because of waning fears of an impending raw wool shortage, but subsequently, stiff¬ ened in consequence of the announcement of forthcoming wage increases in the industry. Business in women's wear materials was restricted, chiefly owing to year-end and cold Mill would be settled. full settlement, the matter the of decision The Supreme Court Mexican 1938 in came exhausted the legal remedies of the Mexico, also upheld the thesis of the Administration that indemnity payments could which within On Dec. 4 initiated in the First Civil Dis¬ time during the next 10 years. be made at any judicial proceedings were District in Mexico City by Genaro trict Court of the Federal Attorney General of Mexico, for an evaluation Y. Vasquez, involved in the expropriation rulings. involved were invited to send experts who, together with Government experts, would arrive at an esti¬ mate of the financial payments to be made by the Govern¬ ment to the various American and British companies who of the properties The companies lost properties. At the down man same the that time court decision court decision was the final step but one in the controversy. according to the Cardenas value on the expropriated properties, after which the Government will decide how and in what period, of time payment will be made to the companies. Following the decision of the Mexican Supreme Court, Secretary of State Hull told newspapermen in Wash¬ ington, upon inquiry, that the State Department planned no precipitate action, but would study the entire decision. In the meantime, he disclosed, representatives of the Depart¬ to be done, but to set a Administration, ment of State were meeting with executives of the American involved, and would continue to do so until oil companies adjusted. the matter had been arising out of the failure of the situation The Government make to any settlement financial the oil import tax from concessions granted by the United under the reciprocal trade agree¬ States to producing areas ment with Venezuela. The agreement, which became effec¬ in the import tax crude and fuel oil derived from petro¬ leum, including fuel oil known as gas oil, frpni y2c. to ^c. a gallon on an annual quota of imports-not m excess of 5% J of the total quantity of crude petroleum processed in United States refineries during the preceding calendar year. Im¬ tive on Dec. 16, provided for a reduction on crude oil, topped above ports the quota, be subject to will of course, tariff quota provided and divided among the various producing areas as follows: United States of Venezuela," 71.9%; Kingdom of the Nether¬ lands (including its overseas territory), 20.3%; Republic of Colombia, 4%, and other foreign countries, 3.$%. Under the terms of the proclamation issued by President Roosevelt in mid-month, the shares above listed were allocated on the basis of proportions of the total imports for consumption in * the United States supplied during the first 10 months of 1939, the latest period for which statements were available. l/12th equal to Since Mexican of the amount has been oil imported into the United industry closed the final month Mexican Supreme Court, as ex¬ pected, ruled against the American and British oil com¬ panies in their fight against the expropriation decrees; Texas voted to return to a full production week on Feb. 1; opposition to the Cole bill, Government control which would give the of the oil industry developed, and the Bureau of Mines indicated that the initial month of 1940 would bring market demand for crude oil far in excess the countries designated for participation in the among the only unexpected note came when the Administration struck a veiled blow of retaliation Cardenas Administration's failure to make proper payments for the properties seized, in accordance with the oil tax concession. ico, nor did so, action of the Roosevelt thus mention Mex¬ Administration in shuttip«t out Mexican oil from participation in the oil sharp 4kx rate concession won wide approval among strong and effective reminder that the United Government States was not taking the expropriation rul¬ ings "without a fight." Less than a week after the proc¬ lamation dispatches from Mexico City disclosed that the Mexican courts had declared nine oil companies in default for their failure to reply to a citation of the court ordering appoint experts to meet with Government experts determine the value of their former properties. The them to to will itself The nine appoint the experts ^which will it was stated. represent of the oil companies, companies named which refused to comply with Tamaiahua Petroleum Co., Com- the court's orders were the pania Central de Petroleo, Compania Petrolero Uuises, Companie Petrolero Minerva, Huasteca Petroleum Co., the California Standard 'Oil Co. of Mexico, and the Richmond Petroleum Co. The pleas of the other companies, a ma¬ of which contested the competency of the Federal District Court, were turned over to the Attorney General's jority office by Judge Ortega for a decision on their justification. As the month ended it was indicated from Washington that the comparable month. In the Mexican situation, for the states during period has dwindled to a negligible total, Mexico thus failed to establish a basis which would permit its inclusion this the interests and Its Products of 1939 with little in the way of startling news developing of 1939's the regular tax\of %c. per gallon. Upon the effective date of the agreement a court Federal the Although 'the proclamation, due to the manner in which Jan.31. further Me^can with companies involved in the expropriation case resulted in the virtual loss to Mexico of hope of benefiting American oil oil men as a The handed remains Nothing $2.46@$2.51 April 29 (April 30 was a Sunday); $2.10@$2.24 Mar. 31; $2.20@$2.25 Feb. 28, against $1.95@$2.00 Jan. 31. In the case of the 20-22 deniers Japanese crack double extra were quoted at $4.43@$4.48 Dec. 30 against $3.41 @ $3.46 Nov. 30; $3.47@$3.52 Oct. 31; $2.94@$2.99 Sept. 30; $2.50@$2.55 Aug. 31; $2.58@$2,63 July 31; $2.49@$2.54 June 30; $2.56@$2.61 May 31; $2.39@$2.44 April 29; $2.13 @$2.18, March 31; $2.25@$2.30 Feb. '28; $1.96@$2.01 the period. was official statement from a spokes¬ for the Cardenas Administration pointed out that the Mexico City an in the allowables were drafted, did not need to during Dec. 2 surprise to the American oil industry. as.no decision, Japanese double extra 13-15 deniers were quoted Dec. 30 at 4.50@4.55 against $3.43@$3.48 Nov. 30; $3.55@$3.60 Oct. 31; $3.10@$3.15 Sept. 30; $2.65@$2.70 Aug. 31; $2.70@ $2.75 July 31; $2.51@$2.56 June 30; $2.58@$2.63 May 31; The domestic petroleum on expropriation, of the $500,000,000 of "American and British oil properties seized early upholding the nationalization, or bet ween-season influences. Petroleum Failure of the Mexican Government to do so has been marked. Cardenas showing increased activity during the start of the expropria¬ tangle has held that if the Mexican Government paid American oil companies affected by the exi>ropriation tion companies The textile trades, after It will be remembered that the law. Administration* from Roosevelt way had 9 MONTHLY REVIEW Jan., 1940] United Mexico was States if no other Government would means offer arbitration, to of settlement were possible. return It that Mexican Ambassador Najera would to Mexico City shortly to confer with the Cardenas also reported Government on this phase of the situation. 10 MONTHLY KEVIEW The field hearings heard and proposed Cole bill, which would put the petroleum in¬ dustry under Federal control, can into open hostility in the sessions held New at State Oil and increase an Gas of 12,992 set at 71,200 barrels was Commission. Louisiana daily by announced barrels in its January quota. the daily average crude oil production total for the Nov. 25-Dec. 23 period, figures re¬ which were highlighted by tlie Texas Railroad Com¬ Orleans, February allowable the by the Souse subcommittee on the A nominal gain was shown in • the testimony of two members of mission, in which they bitterly opposed the proposed legisla¬ leased by the American Petroleum tion. figures for Dec. 23, the latest available production statis¬ tics, showed a total of 3,867,000 barrels, 49,000 barrels above the figure of 3,818,000 barrels reported a month earlier. Jerry Sadler subcommittee's of Railroad the members that "if we Commission told the get Secretary of the Interior Tckes at the head of this Nation's oil business might just we well get Herr Hitler over here." He added: "The Stated can manage their own affairs—at least, I know that Texas can." Continuing his testimony, Mr. Sad¬ ler bluntly warned the subcommittee that "by no means does as Texas intend to turn over disclosed. The Stocks of domestic and ^rude oil showed a sharp gain during period, rising 2,780,000 barrels to 232,615,000 barrels, according to the United States Bureau of the Dec. 16-Nov. 18 Mines. lock, stock and barrel its rights of Institute Price changes during December limited were local to sovereignty to the Federal Government, and truer example of giving up States' rights would there than to turn loose to our Government of nearly 40% no readjustments, with little of marked significance develop¬ be ing in the crude oil price structure. this oil Nation's oil and production, 54% of the known of Deo, 18—Standard of Louisiana, Price changes follow;- increased ppol crude oil, Webster Parish, La., 5c. to the price Cotton of flat basis of $1.10 a Valley barrel. a reserves." Feature of the Colonel E. 0. Thompson, who in addition to being a mem¬ Commission also in head of the month in the Nation's ber of the Texas Railroad product markets Interstate Oil refined petroleum of Grade O bunker buel oil of 35c. in his Compact Commission, opposition was at control of the oil industry, which he said "was not wanted and not needed." Comment¬ ing California, Illinois "and other States which do not State regulation of oil production, Mr. Thompson con¬ upon have tended that "these States State control and added of Texas. So, naturally, to trust our the if "oil is the that we did jealously guard the control of State of Texas's greatest asset." During the At month-end all of the factors had not yet met the were expected to do within the immediate so future. lifeblood In feel that we would be recreant .we not economic very a increase but they will have it Thompson $1.50 more. doing all right, but they need sooner or later." Mr. are in Eastern seaboard prices a barrel to a new posting barrel, due to the sharp expansion in tanker rates and rising consumption which in turn has drained stocks. The original increase, posted on Dec. 20 by Standard Oil of New Jersey, affected New York, Boston, Norfolk and Balti¬ less vehement no Federal to the spurt was addition prices, all to fuel the oils sharp improvement showed seasonal in bunker strength. fuel Kerosene and heating oils moved into higher price brackets in all major marketing areas. Expanding demand due to in¬ consumption due to the cold weather which gener¬ ally ruled throughout the country made itself felt as a of the testimony before the subcom¬ mittee, which is headed by Representative Cole, who intro¬ creased duced the control bill bearing his name at the last session of the Congress at the request of President Roosevelt, Rep¬ resentative Mapes made the statement that control of the decided price stimulant in the markets. course industry would be cooperative under the Cole bill. This from Colonel Thompson as to whose authority would prevail in the case of any dispute between brought inquiry an the State ancLFederal authorities governing the oil industry. motor lags answered. To this, Colonel Thompson replied sharply: "Why, that's throwing State sovereignty out of the window." A sharp attack Venezuela was centered upon the recently-effective agreement by the Independent Petroleum of America on the ground that the tax reduc¬ trade Association in areas. In the stocks statistical of and gas motor fuel department the sustained fuel drainage of vied with the high volume of industry's interest. The steadily oils stocks for the declining holdings of fuel oils contributed in gasoline barrel crude oil present a "real threat" to the oil industry's efforts to bala^^e supply and demand. The re¬ duction in excise of which on consumption, On the other hand, rising' inventories and seasonal weakened. The mid-continent gaso¬ by off under the pressure of increased offer¬ ings, with weak spots appearing in other major marketing Thus, tion clauses hampered line market slid "The Federal man's authority would prevail," the Congress¬ man fuel, A the Dec. crude since oil refiners as oils, they taxes would result in "large increases of imports df cheap foreign oil," the statement said. "Under stocks is the far percentage less crude to run than to of that further fuel of bolster their oil motor stocks rises in a fuel. of fuel forced to add to their holdings of motor fuel, alreday are far too high to suit petroleum economists. are rise of 23 than more period 3,000,000 barrels during the Nov. 25- lifted this agreement, imports of petroleum at the reduced tax rate will be admitted in a quantity equal to 5% of the quantity of crude oil run to stills," the Association stocks of finished and unfinished gasoline to 78,707,000 barrels/American Petroleum Institute figures disclosed. announced estimates indicate a probable increase 5% in total motor fuel demand, and a gain of at 10% in distillate fuel oil demand during the first quarter of 1940, the Bureau of Mines indicated in its regu¬ terms of at its meeting in Oklahoma City. Department has said that it does sents "The State not believe that this repre¬ large enough volume to be detrimental to the domes¬ tic industry, although practical experience has shown that a a much smaller percentage of low-cost goods is capable of demoralizing markets." January market demand for crude market was rels, which for crude with estimated at represents oil during a a decline of oil in the domestic (in barrels) State— Texas California Oklahoma month of 1939. Compared for January repre¬ All members of the Louisiana 1,438,100 594,500 437,600 315,200 255,200 254,200 160,600 101,900 New Mexico Michigan State— Dec., 1939 314,800 168,000 110,000 Arkansas 61,000 59,700 61,000 56,100 Wyoming: 58.700 and a 51,900 10,0001 50,000 16,100 15,200 15,200 10,000 8,100 3,900 New West 15,400 York 13,900 Virginia.. Ohio Indiana Colorado 3,900 4,200 3,569,700 Totals He added that the seven-day production basis In setting the January A the reduction Bureau during the allowable balance the in of Mines estimate of 1,411,000 of The State regulatory agency set the quota for the initial month same as recommended of 1940 at 433,900 barrels, by the United States Bureau of Mines, and comnaring with the December quota of 437,600 The January production quota "for California oil wells was set at 599,000 barrels daily by the Central Com¬ barrels. mittee of California Oil level as ruled during 20—Pennsylvania refiners marked has consumed 40. to 65 points in New York up lubricating oils from 2c. to the Dec. 4c. - 20—Standard of New a barrel at New 20—Mid-continent three Dec. Jersey advanced bunker fuel oil York, Boston, bulk Norfolk and gasoline prices eased 35c. a barrel Baltimore. off %c. a gallan on grades. 20—Wholesale and retail prices of motor fuel Long View area 26—Tank wagon of were cut lc. a gallon Texas. prices of gasoline were off lc. a gallon in Glad- water, Tex. Dec. up V2c. 26—Lubricating oils, both Pennsylvania and mid-continent, moved to l^c. Producers, approximately the December. The DECEMBER of the during the month. Corporation Commission. Nation • 16—Bulk fuel oil prices were boosted $1.50 Dec. all a gallon. Arkansas same January FINANCING OF UNITED STATES With the market for Treasury securities Commission nearly 4,000 barrels was ordered in the daily allowable for Oklahoma during January by the State the the gallon. Dec. to 3,619,700 ordered that wells throughout the ^tate, with a few minor exceptions, be shut down each Wednesday and Sunday dur¬ ing the month, which means a total of 13 days during which production will be halted during January. Estimates indi¬ cated that the January allowable will thus be about 3,000 Texas that Commission hopes to retain year. under year New Dec. 8,100 5,200 12,900 T Montana producing wells in Texas will return to a full pro¬ week on Feb. 1, Lon A. Smith, Chairman of the Texas Railroad Commission, announced in Austin late in barrels consecutive Unofficial figures indicate gasoline disappearance figures, England terminals, with barge prices for kerosene going to 5^c. gallon, New York. Dec., 1939 All barrels for record . Dec. duction the third forecasts. show December: a Jan., 1940 Pennsylvania Kentucky 60.000 December. demand will first for the various States being as follows; niinois Kansas the 1939 The following price changes show the trend of the major marketing areas for refined petroleum products during ^proximately 1%. Jan., 1940 1,411,000 593,900 433,900 market record supplies of motor fuel. "Big Six" oil producing^States showed lower allowables for January as compared with December, the suggested allow¬ ables lar a December, however, market demand sents least that daily average of 3,569,700 bar¬ gain of 7% over actual demand the Market trends and of about TREASURY withstanding in good style the November financing operations, Secretary of the Treasury Henry Morgenthau Jr. proceeded in December with his plan for refunding the $1,378,364,200 oll%% notes maturing on March 15, 1940. The plan which the Treasury had been following for several tax dates antedating the out¬ break of war in Europe, of anticipating by three months the maturities of its securities, proved so useful at the September tax date, when the market was still unsettled, that the Secretary lost little time in similarly taking care of the March notes at the first opportunity. As the September note maturity had been refinanced at the June tax date, the Treasury was able to pass by the September tax date without any financing. The December note maturity was refunded in October, the Treasury had raised $521,346,850 of cash November 28 through the offering of 2% 9-11-year bonds, and hence the decks were cleared for the March note on refinancing. Mr. Morgenthau called the executive committee of the Federal Open Market Committee to Washington to meet with him on Dec. 11 to discuss the terms of there funding, and later day he made public the terms of the exchange offer¬ ing. The announcement said that the Treasury was offering through the Federal Reserve banks 12-14-year 234% bonds of 1951-1953 and 1% 4-year and 9-month notes of series C-1944;n exchange for the 1%% notes, falling due March 15. The new bonds were dated Dec. 22, 1939, with the maturity set for Dec. 15, 1953, but they could be redeemed at the option of the Treasury on and after Dec. 15,1951. The new notes were likewise dated Dec. 22,1939, and the first coupon covered the fractional period from Dec. 22 to March 15,1940. Th& notes will mature Sept. 15, 1944. The notes and bonds were not made available for cash subscription. They could be subscribed only by tender of the $1,378,364,200 of 124% notes due March 15, 1940. Accrued interest on these notes from Sept. 15 to Dec,. 22—$4,375 per $1,000 face amountwas paid following their acceptance. In addi tion to t ue bonds and notes offered to the public for exchange subscription, Mr. Morgenthau said that in addition up to $100,000,000 of the bonds might be sold to government investment accounts for cash during the next three months at par and the same NEW SECURITY ISSUES Fresh capital flotations undertaken by both corporate and municipal entities show a healthy increase market in Volume over the month was more of the bonds which the investment accounts could With roughly the bonds. Mr. Morgenthau announced on Dec. 6 the final results of offering of 2%, Treasury bonds of 1948-1950 on Nov. 27. He said that subscriptions (all for cash) had totaled $6,263,- 583,150, while allotments on public subscriptions amounted $521,346,850. Included in the latter amount were $21,693,400 of allotments to subscribers for $5,000 or less of bonds, for which delivery will be made in registered bonds 60 daJs after the issue date. Thb Treasury allotted, in addition, $50,000,000 to government investment accounts. The last of the Treasury bills held by the Federal Reserve to banks matured in the week ended Nov. 29 and were un- replaced. As the market supply of bills increased as a result of Federal Reserve policy, the average rate at which the weekly bill offerings were placed hardened slightly, the rate rising from 0.015% for the bills dated Nov. 29 to 0.019% for the issue dated Dec. 13. The Dec. 20 issue was taken at an price of 0.018%, but the issue dated Dec. 27 was bid in at an average price of 0.007%, the demand for year-end window dressing purposes being keen. Prices of Treasury bonds continued to advance in December, reaching by the month-end the best levels since the third week of August. Prices of the bonds as the year closed were about 7 M points above thteir September lows and only 2 points under their record highs, reached in June. Sales of United States savings bonds for the month through the 28th, according to the Treasury's daily statement, amounted to $68,186,320, com¬ pared with $42,300,861 in the corresponding period of last year. Sales in the fiscal year amounted to $383,900,356, compared with $235,391,008 ip the previous year. The Treasury announced on Dec. 15 that market trans¬ actions in-government securities for Treasury investment accounts in November resulted in net sales of $2,844,350, compared with net sales in October of $1,201,000 and with net purchases in September of $71,904,950. On Dec. 7 Mr. Morgenthau expressed doubt that the offer¬ ing of between $50,000,000 and $60,000,000 of Tennessee Valley Authority securities which in early November he had promised before the year, would be offered before next year. As the result of the month proved, the doubts he then ex¬ pressed were well founded. Secretary Morgenthau said on Dec. 14 that the Treasury had no important refundings until next June, but it might sell securities before then for cash. The details of Treasury bills sold on a discount basis are given in the following table: average BIBS Bills Amount of Dated Offered Deo. 1 1939 Deo. 8 1939 Deo. 6 1939 Deo. Offering Mature Mar. 6 1940 13 1939 Mar. 13 1940 Deo. 15 1939 Dec. 20 1939 Mar. 20 1940 91 days Dec. 27 1939 Mar. 27 1940 Deo. 27 1939 Jan. 91 days 91 days Apr. 3 1940 tions 91 days $100,000,000 $301,310,000 Deo. 20 1939 31940 Subscrij}- 91 days 100,000,000 100,000,000 100,000,000 100,000,000 224,198,000 257,068,000 320,409,000 379,659.000 To Redeem Bills Subscrip¬ Amount Average Offered tions Accepted Price Yield 99.996 0.016% 0.019% 0.018% 0.007% Deo. 1 1939 $301,310,000 Deo. 8 1939 224,198,000 257,068,000 320,409,000 579,659,000 Deo. 15 1939 Deo. 20 1939 Deo. 27 1939 * All but $100,945,000 100,044,000 100,244,000 101,021,000 101,930,000 $29,000,000 sold at this price; 99.995 99.996 99.998 100.001* balance higher. Nil outstanding obligations, with the for¬ December, was the $60,000,CK)0 offering of the Louisville & Nashville BR., consisting and a the last full ment of $30,000,000 10-year 3%% bonds, 4% bonds, placed on Dec. 29, like amount of 20-year business day of the month and year. Invest¬ banking houses totaling 76 in number accepted from Morgan Stanley & Co./Inc., several participations aggregat¬ ing $50,159,000 principal amount of bonds, in this purchase, with a selling group /of between 500 to 600 dealers formed to distribute the securities. Below are set forth the more important issues placed in December: RAILROAD FINANCING $60,000,000 Louisville & Nashville RR.—Two issues of coll. tr. bonds aggregating $60,000,000 and consisting of $30,000,000 10-year 3H % bonds and $30,000,000 20-year 4% bonds were offered syndicate headed by Morgan Stanley & Co., Inc. 3H% bonds were offered at 101 and int. to yield 3.36% first date callable at par and 3.38% to maturity, and the 4% bonds at 100)4 and int., to yield 3.96% to both the first clatfi callable at par and at maturity. Subject to certain terms a&d conditions, the company has agreed to sell toMorgan Stanley & Co.,, Inc., and the latter has agreed to purchase from the company the 10-year coll. tr. 3H % bondsat 99and the 20-year coll. tr. 4% bonds at 98H% plus accrued interest in each case to date of delivery. Other bankers' offering the, bonds included: Kuhn, Loeb & Co.; Harriman Ripley & Co., Inc.; Smith, Barney & Co.; The First Boston Corp.; Blyth & Co., Inc.; Kidder, Peabody & Co.; Lazard Freres & Co.; Lee Higginson Corp.; Goldman, Sachs & Co.; Lehman Brothers; Bonbright & Co*, Inc.; W. E. Hutton & Co., and Equitable Securities Corp. The to the * 4,250,000 Elgin t; Joliet •& Eastern Ry.—Mellon Securities Corp., Lazard Freres & Co. and Estabrook & Co. offered>Dec. 1, $4,250,000 2H% serial equipment trust certificates at prices to yield from 0.30% to 1.95%, according to maturity. Dated Dec. 1, 1939; due $425,000 from Dec. 1,1940 to Dec. 1, 1949, both dates inclusive. Trustee, Harris Trust & Savings Bank, Chicago. These certificates Will be unconditionally guar¬ anteed as to principal and dividends by Elgin Joliet & Eastern Ry. The group headed by Mellon .Securities Corp. was high bidder with an offer of 104.6256. The interest cost basis to the company was around 1.62%. 1,748,000 Boston & Maine RR.—Salomon Bros. & Hutzler, Dick & and Stroud & Co. have purchased from the Reconstruction Finance Corporation $1,748,000 4% equip¬ Merle-Smith series of 1934. The certificates were Q.50 to 3.25%, according to ma¬ Issued under the Philadelphia plan. ment trust certificates, reoffered at prices to yield turity. UTILITY FINANCING PUBLIC $48,000,000 Public Service Co. of Indiana—New corporate securities in the amount of $48,000,000 made their appearance in the market Dec. 7 in the offering by Halsey, Stuart & Co., Inc., and an associated Nation-wide group of distributors of $38,000,000 1st mtge. series A 4%bonds and $10,000,000' serial debentures 3V%%. The bonds were priced at 102 and the debentures at prices to yield .65% to 4.20%, depending upon maturities which range from Sept. 1, 1940 to Sept. 1, 1949. Other principal members of the underwriting group included; Lazard Frerea& Co.; Glore, Forgan & Co.jA. G. Becker & Co., Inc.; Central Republic Co.; Harris, Hall & Co. (Inc.); A. C. Allyn & Co., Inc.; Blair & Co., Inc.; East¬ man, Dillon & Co.; Hallgarten & Co.; Lee Higginson Corp., and E. H. Rollins & Sons, Inc. 45,000,000 Northern Indiana Public Service Co.—Offering was made Dec. 14 by an underwriting group of 58 members headed by Halsey, Stuart & Co., of $45,000,000 1st mtge. bonds, series A, 3%%, due Aug. 1, 1969. The bonds were offered at 100 and int. Other leading members of the underwriting group are: Glore, Forgan & Co.; Harriman Ripley & Co., Inc.; / A. G. Becker & Co., Inc.; Central Republic Co.; Harris, Hall & Go. (Inc.); Blair. & Co., Inc.; Eastman, Dillon & Co.; Hallgarten & Co.; Lazard Freres & Co., and Lee Higginson Corp. 10,900,000 Pennsylvania Water & Power Co.—Public offering was made Dec. 20 by an underwriting group headed by White, Weld & Co. of $10,900,000 ref. mtge. & coll. trust bonds, series due 1964. The bonds were priced at 104 and accrued interest. Other members of the underwriting group, included: The First Boston Corp.; Minsch, Monell & Co., 3H% Gross & Co.; Bonbright & Co., Inc.; Lee Higginson Corp.; Stone & Webster and Blodget, Inc.; Jackson Weeks & Stubbs, Inc., and Yarnall & Co. Inc.; Joseph W. & Curtis; Spencer Trask & Co.; Whiting, 10,300,000 Associated Telephone Co., Ltd.—Company (subsidiary of General Telephone Corp.), Dec. 2 completed the sale of $10,300,000 334% bonds, due Dec. 1, 1969, to 13 insurance companies at a price of 105M to yield 3.20%. Proceeds will be used to redeem a like amount of outstanding 4% bonds, due in 1965. Acting as agents for the transaction were Bon¬ bright & Co., Inc.; Paine, Webber & Co., and Mitchum, Tully & Co. 6,750,000 Southwestern Light & Power Co.—A new issue of $6,750,000 1st mtge. bonds, series A 3H% and due Dec. 1, 1969, was offered Dec. 21 by an underwriting -group headed by Harris, Hall & Co., Inc. The bonds were iffered at 102 and accrued interest. Included in the selling g^bup were Halsey, Stuart & Co., Inc.; Glore, Forgan & Co.; Becker & Co., Inc.; Bonbright & Co., Inc.; Harriman Ripiey & Co., Inc.; Tucker, Anthony & Co.; A. C. Allyn & Co., Inc.; and Bartlett, Knight & Co. (Inc.). 4,800,000 Pennsylvania Telephone Corp.—The company announced Nov. 15 that it has made arrangements through Bonbright & & Co., Inc.; Paine, Webber & Co., and Mitchum, Tully & Co. to sell privately on Dec. 1 to 12 insurance companies $5,200,000 1st mtge. 3H% bonds, due 1969. Proceeds will be used to refund $4,200,000 4% bonds, due 1965. Bonds will be purchased at 101M. The bonds will be purchased by the following insurance companies: New York Life Ins. Co., $1,000,000; John Han¬ cock Mutual Life Ins. Co. and Northwestern Mutual Life Ins. Co., $750,000 each; Massachusetts Mutual Life Ins. Co., State Mutual Life Ins. Co., Sun Life Assurance Co. of Canada, .... f400,000 each; Mutual Benefit Life Ins. Co. and Provident lutual Life Ins. Co. of Philadelphia, $350,000 each; Phoenix Maturing Issue of— Financing for the representing the smaller portion of the month's opera¬ tions. The most prominent issue as to size, placed in Dec. 29 by a 80% of the notes which were exchanged tendered for the bonds and only 20% for the new notes, the expectations of Treasury officials werp exceeded, for the official prediction had been that only about 60% of the notes would be exchanged for the total for November. divided into offerings for new capital purposes and for refunding of on subscribe for in the next three months. and mer the exchange offering were closed at the close of business on Dec. 13. Mr. Morgenthau stated on Dec. 20 that $1,301,182,100 of the March notes had been tendered in exchange for the new securities, of.which $1,018,176*100 were for the 234% Treasury bonds of 1951-1953 and $283,006,000 were fpr the 1 % Treasury notes of series C-1944. Thus $77,182,100 of the notes were left to be paid off at the maturity date next March 15. The Treasury allotted, in addition to the exchanges, $73,006,000 of the bonds to government investment accounts, thereby leaving $26,994,- Subscription books IN DECEMBER to the domestic new given impetus was in December, accrued interest. 000 11 MONTHLY* BEVIEW Jan., 1940] , $100,358,000 100,107,000 100,046.000 100,726,000 100,548.000 Mutual Ins. Co., $250,000; and Pacific Mutual Life Co., $300,000; Home Life Ins. National Life Ins. Co., $150,000, Ins. Co. of California, $100,000. 2.250i000 Central States Electric Co.—An issue of $2,250,000 1st mtge. bonds, 4% series, due 1964, was offered Dec. 27 by Harris. Hall & Co. line.); The First Boston Corp.; Quail & Co.; Ames, Emerich & Co., Inc., and Arthur Perry & Co., Inc., at 102 and interest. MONTHLY REVIEW 12 4,000,000 Wisconsin-Michigan Power Co.—A syndicate headed by The Wisconsin Co.; Edgar Bicker & Co,, and The Milwaukee Co. offered at 100 and div. the unsold portion of 40,000 shares of preferred stock, 4M% series. Holders of 6% preferred stock were given prior opportunity to purchase up to 37,343 shares of the 4)4% series at the public offering price. Net proceeds from the sale of the preferred stock, 4M% series, together with the proceeds of the Sale of common stock and of bank loans, and treasury funde will be applied to the extent necessary, to the redemption of its outstanding pre¬ ferred stock, 6% series, and the retirement of its 3% instal¬ ment note. sold to the debentures 1945 to June 1, 1952* was also announced that the company has Travelers Insurance Co. $750,000 4j4% serial 750,000 It $50,000 semi-annually June par and Interest. due at 1, 500,000 California Water Service Co.—The company has sold pri¬ vately an issue of $500,000 1st mtge. 4s series B, due May 1, 1961. This brings the total amount of first mortgage bonds outstanding to $11,100,000. Proceeds will be used to increase working capital and re¬ imburse the company's treasury for plant betterments made during the past year. The San Francisco Stock Exchange has approved the listing of the Pennsylvania School Employees' Retire¬ Board, Harrisburg, as 2Hs, at a price of 100.625, a* basis of about 2.45%. Due annually from 1944 to 1964, incl. Several syndicates competed for the"loan, which con¬ stituted the first offering of taxable securities by the district. As the Retirement Board, also other Pennsylvania bodies of that nature, are not subject to such taxation, they thus were conceded an advantage over investment bankers in com¬ were (Okla.) Gas Utilities Co.—Dallas Rupe & Son, banking house, Dallas, Texas, announced Dec. 15, conclusion of agreements to underwrite $260,000 10-year investment 5% 1st mtge. bonds. The financingwas handled jointly with William N. Edwards & INDUSTRIAL Co., Fort Worth. AND" MISCELLANEOUS FINANCING $8,000,000 West Virginia Pulp & Paper Co.—An underwriting group headed by Harriman Ripley & Co., Inc., and including Blyth & Co., Inc., Kidder, Peabody & Co., White, Weld & & Co., Goldman, Sachs & Co. and Alex Brown & Sons, offered on Dec. 5, $8,000,000 1st mtge. bonds, 3% series due 1954, at 99 and accrued interest. The issue has been peting for the offering. 4,0591000 Inspiration Consolidated Copper Co.—Public offering the unsubscribed portion of $4,059,000 of an o' issue of $5,910,- 000 1st mtge. conv. 4% bonds, due 1952, was made Dec. 27 by an underwriting group headed by Blyth & Co., Inc., and including Harriman Ripley & Co., Inc.; G. M.-P. Murphy & Co., and Hallgarten & Co. The bonds were priced at 100. 3,082,500 Scott Paper Co.—Smith, Barney & Co. and Cassatt & Co. offered on Dec. 12, 30,000 shares of $4 cumulative preferred shares (without par value) at $102.75 a share and dividends. 2,000,000 Copperweld Steel Co.—Company Dec. 14 completed the sale of $2,000,000 of 4)4% 1st mtge. 15-year bonds to the Metropolitan Life Insurance Co. The sale was arranged by Riter & Co. who heads an underwriting group which is dis¬ tributing the preferred stock. 505,000 Copperweld Steel Co.—Public offering was made Dec. 8 , of 10,000 shares of cum. conv. pref. stock, 5% series, by an underwriting group headed by Riter & Co. The shares Were priced ai $50.50. Other members of the underwriting group included Hemphill, Noyes & Co., Eastman, Dillon & Co., Schwabacher & Co., Singer, Deane & Scribner, A. G. Becker & Co., Inc., Graham, Parsons & Co., McDonald-Coolidge & Co., Moore, Leonard & Lynch and Schoellkopf, Hutton & Pomeroy, Inc. . • 2,000,000 American Airlines, Inc.—A block of 50,000 shares of stock has been placed with a small number of individual investors by Kidder, Peabody & Co. and Emanuel & Co. The price at which the stock was sold was not made public. However, the "stock was quoted at 39-40 on Dec. 15, the date of the an¬ nouncement of the sale. The stock represents new financing by the company in connection with the purchase of new air¬ liners. Application has been made to list it on the New York Stock Exchange. The stock was not registered under the Securities Act because the number of purchasers was so small as to make the transaction a private sale. 910,000 Hydraulic Press Manufacturing Co.—New capital financr ing for the company was carried out Dec. 8 with the offering by F. Eberstadt & Co., Inc., and Hawley, Huller & Co. of 20,000 shares of 6% cumulative convertible/preferred stock (par $25) and 40,000 shares of common stockT(par $5). The preferred stock, which is convertible into two shares of com¬ mon stock, was priced at $25 per share. The common stock was priced at $10.25 per share. Net proceeds from the sale will be used, to the extent of approximately $500,000, to pro¬ vide for additions to the company's manufacturing and office facilities. The balances of approximately $240,000 will be added to working capital. 800,000 Bill-O-Type Corp.—Initial public financing of the corpora¬ tion was announced on Dec. 1 with the offering of 400,000 shares (50 cents par) common capital stock by Von Gemminger & Co.,-New York. The stock was offered as a specu¬ lation by means of a prospectus at $2 a share. favorable cost basis also reflected investment banker's approval of various measures adopted by the city toward improving its fiscal position, particularly as regards liquida¬ tion of a substantial accumulated deficit and balancing of the 1940 budget. In the re-offering the 314% bonds, due 19411945, were priced to yield from 0.60% to 1.80%; the 2 Ms, due 1946-1950, from 2.10% to 2.50%, and the. balance of 2Ms, maturing 1951-1960, were priced from 99.50 to 97.50. 4,565,000 Bayonne, N. J., 3H% bonds, including $4,345,000 refund¬ ing and $220,000 funding/ purchased privately by B. J. Van Ingen & Co., Inc., New York. Due from 1940 to 1959, inclusive. 3,670,000 Louisville, Ky., bridge revenue refunding bond sold to syndicate managed by Blyth & Co., Inc., New York, 2 Mb, at 100.52, a basis of about 2.19%. Due from 1940 1955, incl., with bonds maturing in 1955 being subject call at various prices depending on date of redemption. 223,704 Time Finance Co. (Ky.)—W. L. Lyons & Co., Louisville, Ky., offered at $26 per unit 8,604 units of capital stock. Each unit consists of two shares of 6% cum. pref. stock (par $10) and three shares of common stock (par $1). MUNICIPAL FINANCING $10,500,000 New Jersey (State of) series A unemployment relief bonds sold to a syndicate headed by Shields & Co. of New York, as 1 Ms, at a price of 100.521, a basis of about 1.07%. Due serially from 1942 to 1949, incl., with the bonds maturing after Dec. 15, 1942 being subject to call at par and accrued and 3M% nonrevenue bonds offered by an account headed by Stranahan, Harris & Co. of Toledo, at prices to yield from 0.60% to 2.80%, according to maturity. There are $1,337,000 3s due serially from 1940 to 1954, incl. and $4,573,000 3 Ms, due from 1955 to 1979, incl. The issue was acquired privately by the banking group and the proceeds will be used by the Authority in the purchase of the facilities of the Chester Water Service "Co,., a subsidiary of the Federal Water Service Corp. > callable water refunding bonds 1959, inclusive. 3, 1%b, due in $500,000 1944, a net interest cost of about 1.92%. Re-offered to yield from 1.40% to 1.90%, according maturity. to 2,749,000 Onondaga County, N. Y., bonds for home relief and refund¬ ing purposes went to a group headed by the Bankers Trust Co. of New York, as 1.60s, at 100.419, a basis of about 1.53% Due serially from 1941 to 1960, incl. and re-offered to yield from 0.25% to l'.90%, according to maturity. . 1,750,000 Lakewood, Ohio, waterworks extension first mortgage bonds sold to Field, Richards & Shepard, Inc. of Cleveland, and L. F. Rothschild & Co. of New York, jointly, as 2Ms, at 101.54, a basis Of about 2.40% to maturity. Due annually from 1943 to 1975, incl., with Jan. 1, 1966 being inverse order. 1,314,000 Albany County, callable at 102 bonds maturing on or after on and after Jan. 1, 1961, in N. Y., bonds purchased at public auction headed by Phelps, Fenn & Co., Inc., New York, 1.60s, at 100.35, a basis of about 1.55%. Due yearly from 1940 to 1958, incl. and re-offered to yield from 0.20% to 1.80%, according to maturity. by a group as 1,252,000 St. Petersburg Special Road and Bridge District No. 13, Fla., 3)4% and 4% refunding bonds awarded to the Clyde C. Pierce Corp. of Jacksonville, and Leedy, Wheeler & Co. of Orlando, jointly, at 100.016, a net interest cost of about 3,91%. ' 1,236,000 Decatur, Nicolaus Ala., 4% refunding bonds purchased by Stlfel, Co. of St. Louis, and associates, at a price of1 & 102.51, a basis of about 3.80%. Due from 1941 to 1970, incl., with bonds maturing in 1969 and 1970 being subject to call on or after Jan. 1 1945, at various prices governed by date on which option is exercised. In the re-offering the 1941 to 1968 bonds were priced to yield from 2% to 3.70%, accord¬ ing to maturity and the 1969 and 1970 maturities were priced at 107, or about a 3,20% yield basis to first redemption date. 1,000,000 Cleveland, Ohio, 4% delinquent tax bonds awarded to a group headed by Fahey, Clark & Co. of Cleveland, at 106.027, a basis of about 1.74%. Due semi-annually from 1940 to 1944, inclusive. Carolina 1,000,000 South (State of) funding notes purchased by Mackey, Dunn & Co., Inc., New York, as 1 Ms, at 100.31, a basis of about 1.14%. Due from 1940 to 1944, inclusive. DIVIDEND CHANGES IN DECEMBER Dividend declarations in December were largely of a favor¬ able nature, and were augmented by the extra and special disbursements customary at this period of the year. The following list, divided into two sections, namely "Favorably Changes" and "Unfavorable Changes," gives the, more important of the changes: ' ■ FAVORABLE CHANGES (J. D.) Adams Mfg. Co.—Extra dividend of 30c. a share on the common stock, payable Dec. 20. Administered Fund Second, Inc.—Dividend of 20c. per share on the 26. This compares with stock, no par value, payable Dec, paid Oct. 20 last. common 5,910,000 Chester Municipal Authority, Pa., 3% non-callable ' 7c. Administration. F to to 3,204,000 Massachusetts (State of) bonds awarded as follows: $3,000,000 Metropolitan Additional Water Loan issue was taken by Lehman Bros, of New York, and associates, as 1%8, at a price of 100.039, a basis of about 1.74%. Reoffered to yield from 0.90% to 1.90%, according to maturity; $204,000 Metropolitan Sewerage Loan issue purchased by Phelps, Fenn & Co., Inc., New York, account, as l%s, at 102.11, a 1.55 %. cost basis. The $3,000,000 bonds matpre from 1945 to 1969, incl. and the $204,000 from 1943 "to years 10,000,000 Pennsylvania Turnpike Commission, Pa., 3%% turnpike revenue bonds purchased from the Reconstruction Finance Corporation by B. J. Van Ingen & Co., Inc., New York, and associates, and publicly re-offered at a price of 99.50 and ac¬ crued interest. Due Aug. 1, 1968, and callable on or after Aug. 1, 1947, at various prices depending on the date of redemption. Tnis offering increased to $20,000,000 the total of turnpike commission bonds offered to the public. The RFC is committed to purchase a maximum of not more than $40,800,000 bonds in connection with the 160-mile highway pro¬ ject now under construction by the Turnpike Commission. Approximately $30,000,000 of the total cost of the project, which will cover most of the distance between Harrisburg and Pittsburgh, will be provided as a grant by the Public Works series a as awarded to Lehman Bros, of New York, and associates, at a price of par for $1,443,000 4s, due from 1941 to 1953, incl., and $1,935,000 3 Ms, due 1954-1963, or a net interest cost of about 3.62%. The 4s were re-offered to yield from 1% to 3.65%, according to maturity, and the 3Ms were priced from par to 98.75. interest upon three months' notice at any time after three from date of issuance. Banking group re-offered the issue to yield from 0.40% to 1.30%, according to maturity. Mich., 3,378,000 Detroit, 393,750 Aeronautical Corp. of America—Whitney-Phoenix Co., Inc., New York, offered 63,000 shares of common stock (par $1) at $6.25 a share. Stock was offered as a speculation. 262,500 Airplane Mfg. & Supply Co.—G. Brashears & Co., New York, offered at $1.25 a share 210,000 shares of common stock (par $1). Stock was offered as a speculation. • 4,620,000 Philadelphia, Pa., non-callable funding bonds, due annually from 1941 to 1960, incl., were sold to a banking group headed by Drexel & Co. of Philadelphia, as 2Hb and 3)4*, at a price or 100.13, a basis of about 2.56%. Terms obtained by the city represented a sharp improvement over past borrowings, this being due in considerable measure to the fact that the issue is the serial type, while all previous offerings by the city were of the sinking fund, or single maturity, character. The oversubscribed. 7,500,000 National Supply Co. (Pa.)—Offering of $7,500,000 1st mtge. bonds, 3H% series due 1954, was made Dec. 19 by a syndicate headed by Kuhn.Loeb & Co.; A. G. Becker & Co., Inc.; Hemphill, Noyes & Co., and Harriman Ripley & Co., Inc. The bonds were priced at 101% plus accrued interest to date of delivery. awarded to the ment additional bonds. 260,000 Guthrie School District. Pa., serial taxable bonds 5,000,000 Philadelphia Aetna Casualty & Surety Co.—Extra dividend of $1 a share and a quar¬ terly dividend of $1 a,share on the $10 par capital stock, both payable Jan. 2. Previously regular quarterly payments of 75c. a share were made.. Aetna Fire Insurance Co.—Extra dividend of 20c. in addition to the regular quarterly dividend of 40c. a share on the common stock, payable Jan. 2. Aetna Life Insurance Co.—Extra dividend of 20c. a share and a regular quarterly of 30c. share on the $10 par, capital stock, both payable a Jan. 2. Agricultural Insurance Co. of Watertown, N. Y.—Special dividend of 25c. per share on the capital stock, payable Jan. 2. Albany & Susquehanna RR.'—Special dividend of $1.50 a share on the $100 par," common stock, payable Jan. 13. Alexander & Baldwin, Ltd.-—Dividend on the capital stock increased from $1.50 a share to $2.50 a shard, payable Dec. 15. Allied Chemical & Dye Corp.—Special year-end dividend of $3 per share on the common stock, payable Dec. 28. Regular quarterly dividend of $1.50 per share previously declared was paid on Dec. 20. Allied Products Corp.—Special dividend of 37 Mc. per -share and a quar¬ terly dividend of 25c. per share on the common stock, both payable Dec. 26. Previously regular quarterly dividends of 12Mc. per share were distributed. " . of 75c. a share on the $3 convertible preference stock, no par value, payable Dec. 27. This represented the first paid since Feb. 1, 1938, when a regular quarterly dividend of 75c. a Altorfer Brothers gCo.—Dividend share distributed. was B/G Foods, Inc.—Dividend of $5.25 a share on account of accumulation* and a regular quarterly dividend of $1.75 a share, ordinarily due at this time on the 7% cumul. pref. stock, par $10Q, both payable Dec. 21. Thispayment wipes out all back dividends. . Hedges—Dividend of $3 per share on account of accumulations preferred stock, payable Dec. 21. Previous pay¬ $2.50 a ehare and was made Dec. 27, 1938. Benson & of $6 on the company's com¬ share of Niagara Hudson Power Corp. common stock for each three shares of Aluminum common stock held, payable Dec. 27 to holders of record Dec. 11. This is the first distribution on the common shares since 1928. Aluminum Co. of America—Cash dividend plus stock, mon one Alliance American Insurance N. Co., Y.—Extra dividend of 20c. a share on the $10 par regular quarterly dividend of 25c. a capital stock, both payable Jan. 15. share and a American Arch Co.—Extra dividend of $1.25 per share on the common American Asphalt Roof Corp.—Year-end dividend of $10 per share on the common stock, payable Dec. 27. Dividends of $2 per share were Dredging Co.—Dividend of $4 per share on the common stock, payable Dec. 28. This compares with $1 paid on June 28, last, Dec. 28 American and June 28, 1938. of $4 per share on Dividend of $1 was paid on Sept. American Enka Corp.—Dividend payable Dec. 20. American the common stock, 30, last. $4.50 a share on the of $3.50 a share was European Securities Co.—Dividend of A distribution preferred stock, payable Dec. 29. made on June 28, last. American Express Co.—Extra dividend of $2 a share and a regular Quar¬ terly dividend of $1.50 a share on the common stock, payable Dec. / 1939, and Jan. 2,1940, respectively. 28, of $1 Felt Co.—Dividend payable Dec. 22. This was the first dividend 14, 1937, when $1 per share was per stock, paid on the common distributed. share on the common American shares since July dividend of 10c. per share in 15c. per share on the common American Fidelity & Casualty Co.—Extra addition to the regular quarterly dividend of 10. stock, both payable Jan. American Hard Rubber Co.—Dividend on the common from $2 a share to $2.50 American Hardware a share, payable Dec. stock increased 23. share in addition the common stock, Corp.—Extra dividend of 25c. per regular quarterly dividend of like amount on to the both payable Dec. 26. American Hawaiian Steamship Co.—Extra the common dividend of 50c. a share on " stock, payable Dec. 27. American MaizdrProductlii Co.—Extra dividend of 25c. per share in American Optical Co.—Dividend of 25c. a payable Dec. 15, and a regular quarterly of addi¬ the common tion to the regular quarterly dividend of like amount on stock, both payable Dec. 27. share on the common stock, 25c. a share, payable Jan. 2. 1940. stock increased from $2 a share to the no par common $2.75 a share, payable Dec. American Snuff Co.—Extra dividend of 25c. a share terly of 75c. American a a share on the $25 par common stock, Stamping Co.—Dividend share to 35c. on 15. and a regular quar" both payable Jan. 2. the common stock increased from share, payable Dec. 30. a Steamship Co.—Dividend of $10 per share on the common jjtock, payable Dec. 21. A dividend of $2 was paid on Oct. 2, last. American Thermos Bottle Co.—Year-end dividend of $1 a common share on the stock, payable Dec. 23. per Anchor Hocking Glass Corp.—Dividend stock, payable Dec. 28. Oct. 16, last. common share on the common stock, of 25c. a share on the no par One of 15c. a share was distributed on Inc.—Dividend on the $20 par, common share to $1.50 a share, payable Dec. 22. Anheuser-Busch, creased from $1 a stock in¬ Apex Electrical Mfg. Co.—Dividend of $4 a share on account of accumu* lations on the 7% prior preferred stock, par $100, thus clearing up alarrears on the issue and a dividend of 25c. a share on the common stock, both payable Dec. 26. Armstrong Cork of $1 a share on the common stock, This compares with 25c. paid on Dec. 1, Sept. 1, Co.—Dividend payable Dec, 23. June 1 and March 1 last. f last; 40c. paid on per share were distributed. share in addition to dividend of 10c. per share on the common stock, payable Dec. 29. the regular quarterly both addition to the regular cjuarterly dividend of 25c. per share on the common stock, both payable Arundel Corp.—Extra dividend of 50c. per share in Associated share on of Breweries Ltd.—Year-end dividend of 75c. a 22. A regular quarterly divi¬ Canada, the common stock, payable Dec. Finance Co.—Extra dividend of 50c. to a quarterly payable Jan. 2. in addition dividend of 25c. per share on the common stock, both Automobile Banking Corp.—Extra dividend of 5c. per share in addition to the regular quarterly dividend of 10c. per share on the class A and common stocks, all payable Dec. 28. Automobile Insurance Co.—Extra dividend of 40c. a share and a regular quarterly dividend of 25c. a share on the capital stock, both payable Mfg. Co.—Dividend of 7 He. per share on the common stock, payable Dec. 20. This will be the first dividend paid since July 25,1938, when 7Hc. per share was also distributed. Baldwin Co.—Dividend of Dec. stock, payable Dec. 23. Sept. 4Ck(. per share on the common stock, payable This compares with 20c. paid on Sept. 25, last. 23. Baltimore Radio Show, Incl—Dividend of 40c. per share on the common Regular quarterly dividend of 5c. was paid on Dec. 30. - (Joseph) Bancroft & Sons—Dividend of $2 per share on account of ac¬ cumulations on the 7% cumulative preferred stock, payable to holders of record tributed Dec. 22. in Last previous payment was the $1.75 dividend dis¬ October, 1931. Barber Co.—Extra dividend of 50c. per share on the common stock, payable Dec. 26. Regular quarterly dividend of 25c. per share was paid on Dec. 15 last. (W. H.) Barker Bros., Inc.—Dividend of 25c. per share on the common stock, Previous dividend was the 75c. distribution made on payable Dec. 30. Dec. 23, 1937. Bausch & Lomb Optical Co.—Dividend of 75c. per share on the common stock, payable Dec. 29. This compares with 25c. paid on Oct. 2, July 1, dividend of 50c. a share on the common An extra and regular quarterly payment of Nov. 1 last. ^ share was made on of Laughlin, Inc.—Dividend of 25c. a share on the larger amount shares now outstanding, payable Dec. 26. Stock dividend of common 50% was paid on Dec. 15. Bondholders Management, Inc.—Extra cash dividend of 62He. per dividend of stock dividend of 7H% and a regular semi-annual share on the class A stock, all payable Dec. 15. share, a 62He. per Borg-Warner Corp.—Extra dividend terly dividend of 25c. a share on the regular quar¬ both payable- of 35c. a share and a $5 par common stock, Dec. 21. Property Trust—Extra quarterly dividend Personal Boston addition to the regular dividend of 4c. per share in. of 16c. per share on the com¬ 23. stock, both payable Dec. mon (E. J.) Brach & Sons—Extra dividend of 40c., a special dividend of 30c. and a regular quarterly dividend of 30c. per share on the common stock, all payable Dec. 23. Brandon Dec. 30. Corp.—Dividend of $1 per share on the class A stock, payable Last previous distribution was the $3 dividend paid on June 30, 1937. capital stock 17, 1938. Brewer & Co., Ltd.—Extra dividend of $3.50 per share in addition the regular monthly dividend of 50 cents per share on the common Breeze Corp., Inc.—Dividend of 50c. per share on the This compares with 40c. paid on Dec. payable Dec. 21. (C.) to stock, payable Dec. 23. Briggs Mfg. Co.—Dividend of 25c. per share on the common stock, value, payable Dec. 27.. This compares with 50c. paid on Sept. 30 Inc.—Dividend of 37c. a share on This compares with 18c. paid on Oct. 1 Broad Street Investing Co., stock, payable Jan. 2. no par last. the capital and July 1 last. Brown & mon Sharpe Mfg. Co.—Special dividend of $6 per share on the com stock, payable Dec. 27. dividend of $2 per share in regular quarterly dividend of $3 per share on the capital the addition to stock, both payable Dec. 28. share in addition tothe common stock, Building Products, Ltd.—Extra dividend of 10c. per a regular quarterly dividend of l7Hc. pei share on both payable Jan. 2. share and a regular quarterly stock, both payable Dec. 21. Bulova Watch Co.—Extra dividend of 50c. a Burlington Mills Corp.—Extra dividend stock, payable Dec. 28. Business Systems, of 25c. per share on the common ' Ltd.—Dividend of 75c. a share on the common stock share distributed on June 30, This compares with 50c. a last. Cambridge Investment Corp.—Extra dividend class A and B stocks, payable Dec. 20. of 50c. per share on the Campbell, Wyant & Cannon Foundry Co.—Dividend of 40 cents per share on the common stock, payable Jan. 26. Dividend or20 cents was paid on Nov. 24 last. Canada Cycle & Motor Co., Ltd.—Special dividend of 25c. addition to the regular quarterly dividend of 25c. per share mon stock, both payable Dec. per share dividend of 50 cents per share in quarterly dividend of 37He. per share on the Feb. 1. Canadian Bronze Co.—Extra to the regular in on the com¬ 31. addition common stock, both payable Canadian Celanese, Ltd.—Extra dividend of $1.50 a share the common stock, and a regul* both payable Dec. 30. Canadian Dredge & Dock Co., Ltd.—Declaration common stockholders payable Jan. 31. of a $1.50 dividend to- Dividend of $1 was last paid on 1939. Canadian Industries, Ltd.—Dividend of $2.75 per share on the class A payable Dec. 26. This compares with $1.75 and class B common shares, paid on Oct. 31 last. Canfield Oil Co.—Extra dividend of $3 per share on the common stock, payable Dec. 23. the no par, common share, payable Dec. 29. Cannon Mills Co.—Dividend on 50c. a share to $1 a stock increased from. share on the common stock, payable Dec. 28. Previous payment amounted to 5c. per share and was. paid on April 1, 1938. the common stock in some time. Carborundum Co.—Dividend of $2.75 per share on the common stock payable Dec. 23. This compares with $1 paid on Sept. 30, last. Carnation Co.—Extra dividend of $1 per share in addition to a semi¬ Capital Transit Co.—Dividend of 50c. per share on payable Dec. 20. This will be the first dividend paid dividend was paid on Dec. be paid on share on the common stock. The extra 19 and the regular s6mi-annual dividend will Jan. 12. Carson Hill Gold Mining commpn last. Corp.—Dividend of 1 H cents per share on Dividend of lc. was paid on Sept. stock, payable Dec. 30. the 30» . (J. W.) Carter Co.—Extra dividend of 25c. per share in addition to the regular dividend of 15c. per share on the common stock, both payable Dec. 20. - Jan, 2. , Beneficial Industrial Loan Corp.—Dividend on the common stock increased from 45c. a share to 50c. a share, payable Dec. 27. r Central Maine Power Co.—Full year's dividends on classes of preferred the company's three the $6 pref. and stock, viz., $7 on the $7 pref., $6 on $6 on the 6% pref. These dividends are all payable Jan. 2 to holders of record Dec. 11, and clean the slate of all arrears. The common stock, received dividend since 1932. Eractically all of which is owned by the New England Public Service Co., as not a Gold Mines, Ltd.—Directors have declared an extra dividend of 2c; per share in addition to a quarterly dividend of 4c. per share on the common stock, both payable Jan. 2. Central Patricia Central Violeta Sugar Co.—Dividend resumed by declaration share on the common stock, payable Dec. 29. One cent will be withheld for Cuban 4% dividend tax. Previous payment per to 50c. per Century Electric Co.—Dividend of 10c. a share on payable Dec. 20. Thip represents the first dividend 1937, when 5c. a share was distriouted. payable Jan. 15. July 15, last. stock on share the common stock, paid since Dec. 27, This compares with 18c. paid on stock, payable Dec. 15. Sept. 15, and June 16, last. the common Oct. 14 and on of 25c. a share on the This compares with lCc. a share paid Chamberlain Metal Weather Strip Co.—Dividend common of 25c. per amounted share and was made on Dec. 28, 1937. Chain Store Investors Trust—Dividend of 20c. per share on and April 1 last. Creamery Co.—Special dividend of $1 a share and a regular quarterly dividend of 25c. a share on the common stock, both payable Beatrice v a 1, last. Bitn£Ohio Corp.—Extra dividend of 2c. per share in addition to the regular ^quarterly dividend of 22c. per share on the common stock, both payable r 25c. each 15. Dec. payable stock, annual dividend of 50 cents per 2. Axelson • ^ & Machine Co.—Dividend resumed by declara¬ tion of 15c. per share on the common stock|payable Dec. 30. Previouspayment amounted 25c. on Dec. 27, 1937.# Cannon Shoe Co.—Dividend of 10 cents per dend of 20c. a share was paid on Sept. 30 last. ♦ distributed. Birdsboro Steel Foundry Jan. 31, Art Metal Works, Inc.—Extra dividend of 10c. per Jan. were quarterly dividend of 25c. a share on $1 per share on the 50c. paid on Oct. 2, July 1, last, and previously quarterly dividends of 25c. Arrow-Hart & Hegeman Electric Co.—Dividend of common stock, payable Dec. 27. This compares with Auto share payable Jan. 3. Amoskeag Co.—Extra dividend of $1 payable Jan. 3. „ value, par dividend of like amount on the common American ' Inc.—Dividend of 25c. per share on the common stock, no payable Dec. 28. Previously quarterly dividends of 10c. per Bird & Son, Buffalo Insurance Co.—Extra American Potash & Chemical Corp.—Dividend on 25c. the $2 cumulative ment amounted to Bliss & Dec. 28, 1937 and on Dec. 23, 1936. on on Birtman Electric Co.—Special stock, on Dec. 23. paid 13 MONTHLY REVIEW Jan., 1940] 14 MONTHLY REVIEW Chapman Valve Mfg. Co.—Dividend of $1 per share This compares with 50c. paid on Oct. 2, last. stock. Chemical Fund Inc.—Dividend of 13c. per share Sayable Jan. 15. uly 15, last. This compares with 7c. paid the on Dominguez Oil Fields Co.—Dividend common stock, payable Dec. 23. the on Nov. 30 last. stock, common Driver-Harris on Oct. 14, and on regular and an disbursements interim dividend of 12Hc. made on Dec. 27. on the shares. common Both common were paid of $1.75 per share on ac¬ 7% cumulative preferred stock, par $25, Last previous dividend was made on Dec. 18, 1937, Chicago Rivet & Machine Co.—Dividend share a of 35c. a share on the $4 par, A regular quarterly dividend of 10c. stock, payable Dec. 21. paid on Sept. 15, last. of $2.25 share a the on paid on on stock, Oct. 10, last. Co.—Dividend of 45c. per share was paid on the of no par value, on Dec. 12. This compares with 40c. stock & Rubber Goods Co., Ltd.—Initial dividend of 50c. a the common stock, payable Dec. 29. on Magnesia Talc Co., Inc.—Special dividend of $1 per share in addition to the regular quarterly dividend of 50c. per share on the com¬ mon stock, par $100, payable Dec. 20. stock, common was common Eastern was Chicago Towel Co.—Dividend the on Duke Power Co.—Dividend of $1.75 a share on the common stock, payable Dec. 22. A regular quarterly dividend of 75c. a shard was paid on Oct. 2 last. and amounted to $3.06% per snare. common share This compares with 20c. paid per Sept. 11, last. on share the common on , Mfg. Dunlop Tire count of accumulations on the payable Dec. 26. Co.—Dividend of 55c. payable Dec. 22. Duff-Norton share per . . Chicago Molded Products Corp.—Initial quarterly dividend of 12 He. Chicago Railway Equipment Co.—Dividend of 50c. Regular monthly dividend of 25c. ' payable Dec. 21. This compares with #1.50 paid in each of the three preceding quarters. Eastern Steamship Lines, Inc.—Dividend vertible preferred stock Clark Controller Co.—Dividend of 50c. per share on the common stock, payable Dec. 22. This compares with 25c. paid on Aug. 12, last and Dec. 1, 1938. wipes out all of arrears on no par of $1 a share on value, payable Dec. 22. the $2 con¬ This payment the issue. Eastern Utilities Associates—Dividend of 25c. per share on the convert¬ ible stock, payable Dec. 28. Last previous dividend amounted to 10c. per share and was paid on Dec. 16, 1937. Cleveland Cliffs Iron Co.—Dividend of $2 per share on the $5 preferred stock, payable Dec. 21. This compares with $1 paid on Oct. 31 and July 31 last. Early & Daniel Co.—Extra dividend Cleveland Graphite Bronze Co.—Year-end dividend of $1.75 per share on the common stock, payable Dec. 28. This brings total payments for the year to $2.50 per share, compared with a total of $1 per share for 1938, Easy Washing Machine Corp.—Year-end dividend of 25c. Cleveland Railway Co.—Dividend of $1 payable Dec. 28. per share Dividend of 50 cents a the common stock, Oct. 13, last. on paid was of 25c. per share in addition to the regular quarterly dividend of 50c. per share on the common stock, both payable Dec. 28. on dorp.—Dividend of 30c. per share This compares with 10c. paid the common on on 25c. dividend of $1 per share in addition regular quarterly dividend of 30c. per share on the common stock, to the regular quarterly class A and class B shares, all share per Coleman tion Dec. 21, 1936. on ; ——.— Lamp & Stove Co.—Extra dividend to a dividend of 25c. payable Dec. 26. on the — - stock, no par Inc.—Company on Dec. 22. capital stock, dividend of $2 per share a the on Oct. $1 2, stock, the regular quarterly dividend no par of 25c. share per the on value, both payable Jan. 2. Corp.—Dividend stock, payable Dec. 22. preceding quarters. of $1.25 Dividends of 25c. share a were Insurance Shares the on of per \ Davenport Hosiery Mills, Inc.—Dividend of 75c. per share on the com¬ mon stock, no par value, payable Dec. 27. This compares with 25c. paid on Oct. 2 last. * Dec. Stores, Inc.—Dividend from 10c. a share to 20c. a on the $1 par common share, payable Jan. 2. Fund, Inc.-^-Extra dividend payable Dec. 20. stock a the on Foundry Co.—Extra dividend to the regular semi-annual dividend stock, both payable Dec. 20. of of 2c. 8c. per per 1938,^hen 25c. share & on Almy on General Chemical on of $1.50 a share the common on stock, Dec. 22. on the common stock increased from 25c. of 50c. per share on the common stock, payable Dec. 15. This will be the first dividend paid since Dec. 15, 1937, when a regular quarterly dividend of 25c. pe? share was dis¬ share on Corp.—Dividend of 50c. per share on the common This compares with 22c. paid on Oct. 10 last. Investors' of beneficial paid on This compares with 30c. paid on Oct. 2, last. Trust—Dividend of 8c. per share interest, par $1, payable Dec. 28. Oct. 2, last. General from on company's This compares - Printing Ink Corp.—Dividend 10c. a share to 50c. on the common stock increased share, payable Dec. 27. a General Time Instruments Corp.—Dividend of 80c. A distribution of 20c. stock, payable Dec. 27. a share was on made the on com¬ Oct.j2 last. General Water Gas & Electric Co.—Extra dividend of 40c. a. share on the common stock, along with a regular dividend of 10c. a share, both payable Dec. 22, 1939. Giddings & Lewis Machine Tool Co.—Dividend of 75c. a share, payable Dec. 21, 1939. This makes a total dividend of $1.50 per share this year, compared with $1 per share in the year 1938. a share, payable Dec. 26. Dolphin Paint & Varnish Co.—Dividend Capital per share in addition to the $2.50 non-cumula¬ per General Machinery Corp.—Dividend of 45c. per share on the common stock, payable Jan. 2. This compares with 25c. paid on Oct. 2 last. General Mills, Inc.—Initial dividend of $1.50 a share on the new series 5% cumulative preferred stock, payable Jan. 1. Home Dixie Vortex Co.—Dividend stock, payable 1938. Investors Co., Inc.—Dividend of 25c. stock, payable Dec. 22. Candy Corp.—Extra dividend of 25c. with 6c. the common Stores—Extra dividend of 15c. per share in addition to a quarterly dividend of like amount on the common stock, both payable the $5 a Co.—Dividend of 12 cents per share payable Dec. 27, 12Hc. per share payable Jan. 29. Last previous 24Hc. dividend paid in March, 1937. stock, payable Dec. 23. mon share on payable 1937 amounted to Extinguisher Co.—Dividend on the no par, common stock increased fr^bi 10c. a share to 30c. a share, payable Dec. 11. General Fireproofing Co.—Dividend of 50c. per share on the common in dividends of 25c. per Dec. 23. With this pay¬ on these stocks during per 15, the stock, payaole Dec. 30. the stock, payable Dec. 23. This will be the first dividend paid since April 1, 1938, when 25c. per share was distributed. tributed. Dec. General Fire paid will have distributed $1 per share the year 1939 as against 30 cents in 1938: Diamond T Motor Car Co.—Dividend of 40c. a on the regular quarterly dividend of 25c. per share on tive class A stock, both payable Dec. 22. per share was distributed. Co.—Company the common and common B shares share to 50c. payment American General of 25c. per share on the com¬ These will be the first dividends paid ment company Dixie Smelting Co.—Initial dividend stock resulting from the recent five-for-one split up. was common General shares on regular Packing Co.—Dividend of $1 per share on the common stock, payable Dec. 23. Dividends of 50 cents were paid on Sept. 30, June 30 and April 28, last. common share a Garlock Co.—Special dividend A and B shares payable Jan. 2. since Oct. 1, mon Dewey share and Gardner-Denver Co.—Extra dividend of 25c. per share in addition to the regular quarterly dividend of like amount on the common stock. The extra dividend was paid on Dec. 23, and the regular quarterly distribution will be made on Jan. 20, next. General payable Dec. 22. & Raynolds a Fundamental Investors, Inc.—Dividend of 25 cents per share on the J capital stock, payable Dec. 22. Dividends of 15c. were paid on Oct. 2 and on July i, last. increased share share in addi¬ Froedtert Grain & Malting Co.—Dividend of 20c. per share on the com. stock, payable Feb. 1. This compares with 15c. paid on Nov. 1, last. Fuller Mfg. Co.—Year-end dividend of 20 cents per share payable Dec. 28. Last previous payment was the 5c. dividend distributed on Dec. 23, 1937. share and Detrola Corp.—Initial dividend of 25c. per share Devoe of 25c. per share on the common This compares with 60 cents paid on Dec. 20, distribution a regular quarterly stock, both payable Dec. 20. common per and another dividend of - Delta Electric Co.—Extra dividend of 30c. dividend of 15c. a share on the common addition Co.—Special dividend The previous the old stocK. & Kleiser Foster of $1 a share and a quarterly dividend of $1.50 a share on the common stock, both payable Jan. 2. A regular distribution of $1.25 a share was paid in preceding quarters. Gray Iron dividend of 25c. a share on the This compares with 20c. a share paid on Formica Insulation Co.—Dividend on the common stock increased from 20c. a share to 40c. a share, payable Dec. 22. the of 20c. per share per This compares with 15c. Florence Stove Co.—Dividend of $1.50 per share on the common stock, payable Dec. 28. Dividends of 50 cents were paid in each of the three preceding quarters. -D© Long Hook & Eye Co.—Special dividend Detroit on Dec. 20. dividend of 25c per share in addi¬ tion to the regular quarterly dividend of like amount on the common stock, par $10, both payable Dec. 28. stock, by declaration of 60c. per value, payable Dec. 20. Dividend of • Rubber 20. share Deisel-Wemmer-Gilbert Corp.—Extra elaware stock, no par Dec. 20, 1937. stock, payaole Jan. 2. new common 45c. of $1 per share in addition share on the common stock t paid were Co.—Dividend resumed on Federal Mining & common dividend share Creamery Co. (Del.)—Year-end Faultless Co—Extra dividend regular quarterly dividend of 50c. payable Dec. 15. Dejay a quarterly of like amount on the common stock, both payaole Jan. 1. Fedders Mfg. Co., Inc.—Dividend on the $5 par, common stock increased from 10c. a share to 20c. a share, payable Dec. 20. Federal Light & Traction Co.'—Dividend of $1 per share on the common stock, payable Dec. 23. Last previous payment was the 25c. dividend distributed on Dec. 28, 1938. paid in each of the three Corp.—-Special to the both the $15 par, common tion to the regular quarterly dividend of 37 He. per share on the common stock, both payade in United States funds on Dec. 20. per share on the class A and B common stock, payable Dec. 22. A regular quarterly dividend of 30c. per share was paid on Nov. 30, last. Crystal Tissue Co.—Extra dividend of 37He. per share in addition to a regular quarterly dividend of 12Hc. per share on the common stock, both payable Dec. 28. Daniels & Fisher Stores 25c. Fanny Farmer Candy Shops—Extra dividend of 25c. of 50c. per share on the common $10, payable Dec. 22. Forster the on share a of Flintkote Co.—Dividend of $1 Forster, Inc.—Special dividend par & Dividends common Oct. 2, last. Crown Zellerbach Corp.—Interim dividend of 25c. a share on the $5 par common stock, payaole Jan. 2, 1940. Previously regular quarterly dividends of 12He. a share were distributed. stock, the last paid common per share in addition to a special year-end dividend of 40c. per share on the capital stock, both payable Jan. 10. Year-end dividends of 20c. were paid on Jan. 10, 1939, Jan. 10, 1938, and Jan. 11, 1937. Crum on was Fairmont of 25c. per share par, both payable Dec. 30.' Crum & 23. on the common stock, payable Dec. 30. paid in each of the three preceding quarters. Continental Insurance Co.—Semi-annual dividend of 80c. Steel on Equitable Investment Corp', of Mass. (Boston)—Dividend of 45c. Consolidated Chemical Industries—Dividend of 75c. per share on the no par cumulative participating class A stock, payable Dec. 28 Divi¬ dends at half this amount were paid on Nov. 1 and Aug: 1, last. Consolidated Mining & Smelting Co.—Extra dividend of $1 a snare and a regular semi-annual dividend of 50c. a share on the capital stock, $5 Continental Dec. share Consolidated Bakeries of Canada, Ltd.—Extra dividend common payable Empire Telephone Consolidated to share per of $1.25 in the three preceding quarters. Amusements, Inc.—Stock dividend of one share of $20 L par 6% preferred stock for each .30 shares of common stock on Dec. 11. addition |\.cpiffriitap stock increased the $5 par, stock, payable Dec. 28. share paid This compares with $1.25 paid on last. in on Elgin National Watch Co.—Dividend dividend of 20 cents in addition to the regular quarterly dividend of 10 cents per share on the common stock, par value both payable Dec. 27. stock share on the common stock, the 20c. dividend disbursed Electrographic Corp.—Extra dividend of 75c. value, both no common was " Collyer Insulated Wire Co.—Extra Columbia Mills, per Previous payment 1938. Electric Auto-Lite Co.—Dividend from 75c. a share to $1 a share. , of $1.50 p$r share in addi¬ common 28. Corp.—Dividend of 8c. per share on the common stock, payable Dec. 28. This is the first cash payment since Dec., 1936, when 5c.. per share was paid. Coca-Cola Bottling Co. of N. Y.—Dividend of 50 cents per share on the com. stock, payaole Dec. 27.' Last previous distribution also amounted to 50c. and was made distributed. was Eisler Electric the on Dec. March 31, on of $1.25 per share in dividend of 62He. payable Dec. 30. the distributed. were payable Bottling Corp. (Del.)—Extra dividend share per be Eddy Paper Corp.—--Dividend of 25c. both payable Dec. 22. Coca Cola addition 25c. per share and share on the class A and B stocks, payable first dividends paid since Sept. 30, 1937 per will Economy Grocery Stores Corp.—Dividend of 30c. per share on the com¬ mon stock, payable Dec. 27. Previously regular quarterly dividends of stock, payable April 15, last. Climax-Molybdenum Co.—Year-end to a 12Hc. These Eaton Mfg. Co.—Year-end dividend of 50c. a share on the common stock, payable Dec. 19. A regular quarterly dividend of like amount was paid on Nov. 25. last. years. Dec. 21. of 29. when Cleveland Worsted Mills Co.—Dividend of $1 per share on the common stock, payable Dec. 31. This will be the first dividend paid in several Cliffs dividend Dec. Gilchrist Co.—Dividend of 25c. per share on the common stock, payable Dec. 20. This compares with 15c. paid on July 25, 1938. Globe Hoist Co.—Dividend of 25c. per share on the common stock, no par value, payable Dec. 15. This compares with 15c. paid on Sept. 15 . last. \ Globe Steel Tubes Co.—Company paid a year-end dividend of share on its common stock, on Dec. 21. Dividend of 50c. was Dec. 27. 1937. 75c. per par Co.—Dividend of $1.10 per share on the common stock, $50, payable Dec. 21. Dividend of 40c. was paid on Sept. 29 last. the stock, par $25, and a dividend of $2'per share on the founders' shares, par $100, both payable Dec. 22. Dividends at half these amount were paid on the respective issues on Sept. 28, last. Varnish Corp.—Dividend of 15c. per share on the common This compares with 10c. paid on Oct. 2 and (Mead) Johnson & Co.—Extra dividend of $1.75 per share in addition to the regular quarterly dividend of 75c. per share on the common stock, common Grand Rapids • stock, payable Jan. 31. stock, payable Dec. 20. ' June 30 last. Great Lakes Engineering Works—Extra dividend the common no of 20c. per share on Brothers Cooperage Corp.—Dividend of $2.80 per share on the cum. class A common stock, no par value, payable Dec. 28. This paid on stock, payable Jan. 3. a share and was paid on Jan. 2, 1937. Hale Bros. Stores. Inc.—Special dividend of 50c. per share on the com¬ stock, payable Dec. 20. Regular quarterly dividend of 25c. was mon paid Dec. 1 last. on Halle Bros. Co.—Dividend of 50c. per share on the common Dec. 20. This compares with 20c. paid on April 29 last. the first dividend paid since April 30, stock, payable This latter was 1938r Hamilton Mfg. Co.—Dividend of $1 per share on the class A prior pref. stock, par $10', payable Dec. 20. Last previous payment was the 25c. distribution made on Dec. 15, 1937. Corp.—Dividend of 20c. per share on the common stock, payable Dec. 22. This will be the first dividend paid since 1937. Hartford Fire Insurance Co.—Extra dividend of 50c. per share in addi¬ tion to the regular quarterly dividend of 50c. per share on the common Nov. paid was on Dec. 15. Dec. 26. . Kimberly-Clark Corp.—Extra dividend of 25c. per share on the common stock, payable Dec. 27. Regular quarterly dividend of 25c. which was previously declared will be paid on Jan. 2. King Oil Co.—Extra dividend of 10c. per share on the common stock, payable Dec. 21. Regular quarterly dividend of 10 cents was paid on Nov. distributed. was Hercules Powder Co., Inc.—Year-end dividend of common stock, payable Dec. 22. of the three $1.65 per share on the This compares with 40c. paid in each preceding quarters. Gas was paid Honomu Ltd.—Year-end dividend of 50c. per share on the 20. Regular quarterly dividend of 45c. Co., stock, payable Dec. on Oct. 20, last. common Creamery Co.—Dividend of 75c. per share on account of on the $1.50 class A cum. and partic. shares, no par value, payable Dec. 11. This compares with 37Hc. paid on Nov. 25, Aug. 25, May 25 and Feb. 25, last. accumulations $20, payable Dec. 27. preceding quarters. a Hoover Ball stock, par and on share in Dec. 20. & Bearing Co.—Dividend of $1 per share on the common $10, payable Dec. 22. This compares with 30c. paid on Oct. 1 July 1, last. dividend paid was bution will be made on on share in addition to the the common stock. The Dec. 28, and the regular quarterly distri¬ per on preceding quarters. Hotels Statlers Co., Inc.—Dividend of $1.75 per share on the 7% cumu¬ lative preferred stock, par $100, and a dividend of 37Hc. per share on the 6% cumulative preferred stock, par $25, both payable Dec. 18, thus clearing up all accumulations on these issues. Regular quarterly dividends of like amounts were also declared payable Jan. 8. In addition, dividend of $1 per share was declared on the common stock, payable Dec. 18. This was the first common dividend paid in time. some Houdaille-Hershey Corp.—Dividend of 50 cents share on the class B stock, no par value, payable Dec. 21. This compares with 25c. paid on June 26 last, this latter being the first dividend paid on the B shares since Dec. 15, 1937, when a regular quarterly distribution of 37Hc. per share was per made. Huttig Sash & Door Co.—Dividend of 50c. per share on the common stock, payable Dec. 20. Dividend of 25c-. was paid on Sept. 30, last. Hygrade Sylvania Corp.—Dividend of 87 He. stock, payable Dec. 20. Ideal Cement per share on the common This compares with 37He. paid in October, 1939. Co.—Special dividend of 50c. per share on the common Previously regular quarterly dividends stock, par $10, payable Dec. 20. of 35c. per share were paid. on the common stock, par $50, per payable Dee. 22. Illuminating Shares Co.—Year-end dividend of $1 A payable stock, Dec. 27. per share on the class Previously regular quarterly dividends of An extra dividend of 25c. was paid on 50c. per share were distributed. Dec. 28, 1938. Income Foundation Fund, Inc.—Extra dividend of He. per share in addition to the regular quarterly dividend of 1 He. on the common stock, both payable Dec. 20. Independent common 25c. per Pneumatic Tool Co.—Dividend of $1 payable Dec. 28. share were distributed. stock, Previously, per share on the quarterly dividends of Insurance Co. of North America—Extra dividend of 50c. per share in addition to a regular semi-annual dividend of $1 per share on the capital stock, both payable Jan. 15. Interbanc Investors, Inc.—Dividend of 20c. per share on the common 22. Dividend of 10c. was paid on Dec. 23, 1938. stock, payable Dec. Inter-Island on the Steam Navigation Co., Ltd.—Dividend of 40c. per share par $18, payable Dec. 20. This compares with capital stock, 25c. paid on Sept, 29, and June 29, last. Interlake Steamship Co.—Dividend of $1.90 per share on the common stock, payable Dec. 23. Dividend of $1 was paid on Oct. 1, last. International Mining Corp.—Dividend of 15c. per share on the common stock, payable Dec. 22. Regular quarterly dividend of 10c. was paid on Sept. 20, last. Intercontinental mon Rubber Co.—Dividend of 20c. per share on the com¬ stock, payable Dec. 27. Last previous payment was the 25c. divi¬ on March 31, 1928. dend distributed Investors Fund C, Inc.—Extra dividend of 5c. per share in addition to a dividend of 15c. per share on the common stock, both payable Dec. 22. Regular quarterly dividend of 10c. was paid on Oct. 14, last. Investors Telephone Co.—Company paid a dividend of 50 cents per share on the common stock, no par value, on Dec. 22. Dividends of 25c. were paid on Dec. 22, 1938 and on Aug. 1, 1938. Irving Air Chute Co.—Extra dividend of 15c. and a regular quarterly dividend of 25c. !per share on the common stock, both payable Dec. 28. IXL share on the paid on Dec. 22, Leath & Co.—Dividend resumed by. declaration of 40c. per stock, payable common Dec. 28. Dividend of 50c. was Lehigh Portland Cement Co.—Special dividend of 25c. per share on the common stock, payable Dec. 30. Regular quarterly dividends of 37He. per share were paid on Nov. 1 and on Aug. 1, last. Lehigh & Wilkes-Barre Corp.—Dividend of $1 per share on the common stock, no par value, payable Dec. 30. Last previous dividend amounted to $1 per share and was paid on Jan. 21, 1939. Virginia—Extra dividend of $1 per share on the regular quarterly dividend of 75c. per ■'> ! Lima Cord Sole & Heel Co.—Dividend of 25c. per share on the common stock, payable Dec. 28. Last previous payment was the 12He. dividend Insurance Co. of stock in addition to the common share, both payable Dec. 22. on Aug. 20, 1937. Lincoln Telephone & Telegraph Co. (Del.)—Initial quarterly of $1.25 per share on the 5% preferred stock, payable Jan. 10. Corp.—Dividend of 25c. Carbonic per dividend share on the common stock, payable Jan. 2. Previously regular quarterly per share were distributed. dividends of 20c. Liquidometer Corp.—Initial dividend of 25c. per share on the common stock, payable Dec. 22. Mining Co. of Manila—Quarterly dividend of 20c. per block share the 750,000 block shares listed on the San Francisco Stock Exchange, payable Jan. 15. In addition; an-extra dividend of 10c. per block share was declared, payable Dec. 22. With these dividends, the company will have paid a total of $675,000, equivalent to 90c. per block share during 1939, as against 80c. in 1938. on Mfg. Co., Ltd.—Dividend of $1 per share on the common payable Dec. 20. This compares with 50c. paid on Jan. 3, 1939. Lockheed Aircraft Corp.—Initial cash stock, payable Dec. 23. common stock, dividend of $1 per share on the Loomis-Sayles Mytual Fund, Inc.-—Special dividend of $1.30 per share in addition to a regular dividend of 50c. per share on the common stock, both payable Dec. 20. Loomis-Sayles Second Fund, Inc.—Special dividend of 20c. in addition to a regular dividend of 20c. per share onf the common stock, par $10, both Dec, 20. (P.) Lorillard Co.—Final dividend of 50 cents per share on the common stock, no par value, payable Dec. 23. Regular quarterly dividend of 30c. paid on Oct. 2, last. was Lunkenheimer Co.—Extra dividend of 25c. in addition to the regular quarterly dividend of 25c. per share on the common stock, no par both payable Dec. 28. value, Lux Clock stock, Mfg. Co.—Year-end dividend of 25c. per share on the common payable Dec. 22. Regular quarterly dividend of 15c. was paid Oct. on 1, last. Lyon Metal Products, Inc.—Company paid a dividend of 50c. per share on its common stock on Dec. 20. This was the first dividend paid on the common shares since February, 1938. Company recently cleared up all preferred accruals. Mac Andrews & Forbes Co.—Extra dividend of 40c. per share in addition regular quarterly dividend of 50c. per share on the common $10, both payable Jan. 15. to the par Mack Illuminating & Power Securities Corp.—Extra dividend of $1.80 share the com¬ This will be the first payment made since Dec. 15, 1937, when a similar amount was paid. Jan. 26. Hoskins Mfg. Co.—Dividend of 40 cents per share On the common stock, par $2.50, payable Dec. 22. This compares with 20c. paid in each of the three stock, payable Dec.. 15. mon Lisk Horders, Inc.—Extra dividend of 25 cents regular quarterly dividend of like amount extra This®compares with 15c. paid in Lawrence Portland Cement Co.—Dividend of $1 per share on Liquid an extra dividend of 20c. per dividend of 15c. per share on the common stock, on Drugs, Inc.—Company paid addition to stock, par each of the four Laclede Steel Co.—Dividend of 55c. per share on the common distributed Sugar Co., Ltd.—Dividend of 20c. per share on the common payment was the 10c. dividend stock, payable Dec. 15. Last previous distributed on March 10, 1938. Hook distributed. were Knudsen Life Htbbard, Spencer, Bartlett & Co.—Special year-end dividend of $1.20 per share on the common stock, par $25, payable Dec. 29. Honolulu 1, last. Knott Corp.—Dividend of 15c. per share on the common stock, payable Dec. 22. Previously regular quarterly dividends of 10c. per share 1937. Hercules Motors Corp.—Dividend of 50c. per share on the common stock, payable Dec. 18. This will be the first dividend paid on the common shares since Dec. 24, 1937 when a regular quarterly dividend of 25c. per share the class A and class B common Dividend of 12 He. was last paid on Jan. 3,1938. Dec. 30. (I. B.) Kleinert R'ubber Co.—Dividend of 50c. per share on the common stock, payable Dec. 21. This compares with 30c. paid on Sept. 30, last. » (Walter E.) Heller & Co.—Extra dividend of 30c. per share in addition to the regular quarterly dividend of 10c. per share on the common stock, both payable last. 10, (D. Emil) Klein Co.—Special dividend of 10c. per share on the common stock, payable Dec. 29. stock, both payable Jan. 2. Hein-Werner Motor Parts Corp.—Extra dividend of 30c. per share on thd common stock, payable Dec. 22. Regular quarterly dividend of 15c. stock, payable the common shares since Kirsch Co.—Dividend of 25c. per share on Harrisburg Steel previously declared 1937 when 25c. was shares payable Publishing Corp.—Dividend of $5 per share on the capital The last previous distribution amounted to $10 Guenther Oct. 6, on (G. R.) Kinney Co., Inc.—Dividend of $1.50 per share oh the $5 prior preferred stock, payable Dec. 27. This CQmpares with $1 paid on Oct. 2, July 1 and April 1 last. Grumman Aircraft Engineering Corp.—Year-end dividend of 55c. per share on the common stock, payable Dec. 27. This compares with 25c. paid on Sept. 28 and June 7 last. __ paid also disbursed. This will be the first dividend Dec. 27. $3.20 compares with 80c. value, both payable Dec. 28. par Kendall Co.—Dividends of 25c. per share on the common stock, paf $10, payable Dec. 22. Great Lakes Steamship Co.—Extra dividend of $1.50 per share in addi¬ tion to the regular quarterly dividend of 50c. on the common stock, no par value, both payable Dec. 29. Greif This compares with 25c. paid on Sept. 30, June 30, payable Dec. 28. and Jan. 2, last. Jenkins Brothers—Dividend of 50c. per share on the non-voting common $2.50 per dividend of Goodyear Tire & Rubber Co., Canada—Extra on Jefferson Electric Co.—Dividend of 75c. per share on the common stock, paid on Goodman Mfg. share 15 MONTHLY REVIEW Jan., 1940] stock, Inc.—Year-end dividend of 50 cents per share on the common stock payable Dec. 28. This will be the first distribution made since March 31, 1938 when a regular quarterly dividend of 25c. per share was Trucks, paid. Magor Car Corp.—Extra dividend of 50c. per share in addition to the regular quarterly dividend of 25c. per share on the common stock, both payable Dec. 27. (R. C.) Mahon Co.—Dividend of 30c. per share on the common stock, payable Dec. 15. This compares with 15c. paid in each of the three preceding quarters. Mahoning Coal RR.—Dividend of $15 per share on the common stock, par $50, payable Dec. 29. Dividend of $7.50 was paid on Oct. 2, last. McCall Corp.—Dividend of 35c. per share on the common stock, payable Feb. 1. Previously regular quarterly dividends of 25c. per share were distributed. McKay Machine the regular Co.—Extra dividend of 25c. per share in addition to on the common stock, quarterly dividend of like amount both payable Dec. 23. ■ Manning Maxwell & Moore, Inc.—Extra dividend of 12Hc. per share in addition to the regular quarterly dividend of like amount on the common 4 stock, both payable Dec. 28. Maritime "cents per Telephone & Telegraph Co., Ltd.—Extra dividend of 10 share in addition to the regular quarterly dividend of llJHc. on the common stock, par $10, both payable Jan. 15. per share Marlin-Rockwell Corp.—Dividend of $2.50 per share on the common stock, payable Dec. 20. Regular dividehd of 50c. per share was paid on Oct. 2, last, and each three months previously. Marshall Field & Co—First common stock dividend since Dec. 1, 1931, of $9 arrearages on company's 6% cumulative The dividend on the common stock will be paid on Dec. 26 and the $9 a share on the 6% preferred stock on Dec. 26, clearing up accumulations on that issue. in addition to a payment preferred stock. (Glenn L.) Martin Co.—An initial dividend of $1 per share on the com¬ mon stock, payable Dec. 21. Master was Electric Co.—A 50% paid on stock dividend declared on Nov. Dec. 13 to holders of record Nov. 24. 17, last, Meyer-Blanke Co.—Dividend of 75c. per share on the common stock, payable Dec. 22, This compares with 30c. paid on Sept. 12, June 14 and on March 14, last. McCrory Stores Corp.—Year-end dividend of $1 per share in addition to. a quarterly dividend of 25c. per share on the common stock, par $1. The year-end dividend was paid on Dec. 22 and the quarterly payment will be made on March 30, 1940. 16 MONTHLY REVIEW McGraw Electric Co.—Extra dividend of 75c. per share on the common stock, payable Dec. 27. Regular quarterly dividend of 25c. was paid on Nov. l.last., (Arthur G.) McKee & Co.—Extra dividend of 50c. per share in,addition to a regular quarterly dividend of 25c. per share on the class B stock, both payable Jan. 2. Melville Shoe Corp.—Final dividend of 75c. per share on the common stock, no par value, payable Dec. 27. This compares with $1 paid on Nov. 1, last, and 75c. a share, in the three preceding quarters. Northern Illinois Finance Corp.—Extra dividend of 30c. per share on the common stock, no par value, payable Dec. 22. North & Judd Mfg. Co.—Extra dividend of 40c. per share on the common stock, payable Jan. 2. Noxema Chemical Co.—Dividend of 30c. per share on the common stock, payable Dec. 30. This compares with a dividend of 15c. paid on Dec. 29', and on July 1, 1938. Oahu Sugar stock, Co., Ltd.—Extra dividend of 20c. per share on the common Regular monthly dividend of 5c. was paid on Dec. 15. Dec. 11. on Micromatic Hone Co.—Dividend of 15c. per share on the common stock, payable Dec., 15. This will be the first payment made since June 15, 1938 when 5c. per share was distributed. Ohio Middlesex Products Co.—Extra dividend of 50c. per share in addition to the regular quarterly dividend of 25c. per share on the common stock, Ohio Wax Paper Co.—Extra dividend of 75c. per share in addition to the regular quarterly dividend of 25c. per share on the common stock, both par $20, both payable Dec. 26. Leather Co.—Dividend of 40c. per share on the common stock, Dividend of 35c. was paid on Oct. 2, last. payable Dec. 28. payable Dec. 22. ' Statesl Petroleum Corp.—Initial dividend of 10c. per,share on the new class B stock, par $1, and an initial dividend of 63c. per share on the new class A stock, par $1, both payable Jan. 15. Okonite Co.—Company paid a dividend of 50c. per share on its common stock; on Dec. 15. This was the first dividend paid since a regular quarterly dividend of 50c. was distributed on May 1, last. Steel Products Corp.—Dividend of $3.50 per share on the stock, payable Dec. 28. This compares with 50c. paid on.Oct. 1, July 1 and April 1, last. Old Colony Insurance Co.—Special dividend of $15 per share on the com¬ mon stock, payable Dec. 23. and a regular quarterly dividend of $5 per share payable Jan. 2. Middle Midland common Midwest Piping &. Supply Co.—Extra dividend of 15c. per share on the common stock, payable Dec. 22. Regular quarterly dividend of 15c. \was paid on Oct. 14, last. Minnesota Mining & Mfg. Co.—Dividend of 75c. per share on the com¬ mon stock, no par value, payable Dec. 22. This compares with 65c. paid Sept. 30, last. on Minnesota Power & Light Co.—Dividends of $3.35 per share on the 7% cumul. pref. stock, par $100; $2.88 per share on 6% cumul. pref. stock, par $100 and $2.8$ per share on the no par $6 cumul. pref. stock, all on account of accumulations and all o.ut all accumulations Mission Oil on the Co.—Year-end These payments wipe payable Jan. 2. respective issues. dividend of $2 per share on the common Dividends of 75c. waa,paid qnjJuty"l,Tast, and stock, payable Jan. 8. one of $1.65 was paid on Jan. 10, 1939. * Missouri Portland Cement Co.—Dividend ©LTWljper share on the com¬ mon stock, payable Dec. 20. This compares with 50c. paid on June 30, last. Oneida, Ltd.—Extra dividend of 50c. Montgomery Ward & Co.—Extra dividend of $1 per the regular quarterly dividend of 25c. per share both payable Jan. 15. on share in addition to the common stock, Moore Corp., Ltd.—Extra dividend of 60c*.in addition to the regular quar¬ terly dividend df 40c. per share on the common stock, both payable in United States funds on Jan. 2, next. Morris town Securities Corp.—Dividend of 20c. per share on the common stock, no par value, payable Jan. 1. This compares with 10c. paid in each of the three preceding quarters. Mofc-se Twist Drill & Machine Co.—Special dividend of $5 per share on the common stock, payable Dec. 15. Dividends of $1.50 were paid on Nov. 15 and on Aug. 15, last. Mountain City Copper Co.—Dividend of 15c. per share on the common stock, payable Dec. 22. This will be the first dividend paid since Decem¬ ber, 1937, when 25c. per share was distributed. Murray Ohio Mfg. Co.—Dividend of 50c. payable Dec. 20. per share on the common stock, This compares with 25c. paid on Oct. 2 and July 1, last. stock, payable Dec. Pacific Mutual Telephone Co. (Hawaii)—Dividend of 30c. stock, payable Dec. 11. 15, June 15 and March 15, last. common A dividend of 20c. share per was on National Investors Corp.—Dividend of 14c. share will be paid on This payment compares with 5c. paid on Julv 20. last. Dec. 23. per National Malleable & Steel Castings Co.—Dividend of $1 per share on the common stock, payable Dec. 21. This compares with a regular quarterly dividend of 50c. last paid on Dec. 22, 1937. National Oil Products Co.—Year-end dividend of $1 per share on the common stock, payable Dec. 18. This compares with 25c. paid oprSept. 29, June 30 and on March 31, last. National Rubber Machinery Co.—Dividend of 30c. per share on the stock, payable Dec. 18. This will be the first payment made on the issue since Dec. 28, 1936, when 20c. per share was distributed. National Steel Corp.—Dividend of 50c. per share on the common stock, common $25, payable Dec. 21. preceding quarters. par Pacific Telephone & Telegraph common stock, payable Dec. 21. of the three preceding quarters. quarterly dividend of 10c. per share Jan. 2. on the common stock, both payable New payable Dec. 27. of 17c. per share on the common stock, This compares.with 8c. paid on Nov. 1 and on Aug. 1 ' last. • New Hampshire Fire Insurance Co .—Special dividend of 2Cc. in addi¬ tion to a regular dividend of 40c. per share on the capital stock, par $10, both payable Jan. "2. ./ . . New Idea, Inc.—Special year-end dividend of 65c. per share in addition to a dividend of 15c. per share on the common stock, both payable Dec. 21. New Mexico Eastern Gas Co.—Dividend of 15c. a share on the common Stock, payable Dec. 15. This compares with 10c. paid on June 15, last. New Process Co.—Dividend of $2 per share on the common stock, payable Dec. 27. This compares with 50c. paid on Nov. 1, Aug. 1 and May 1 last. New York Hanseatic Corp.—Extra dividend of $1 per share on the capital stock, par $50, payable Jan. 3. New York & Honduras Rosario Mining Co.—Final'dividend of $1.25 per share on the capital stock, par $10, payable Dec. 29. This compares with $1 paid on Sept. 30, June 30 and on March 25 last. New York Trap Rock stock, Corp.—Dividend of 25c. per share on the common payable Dec. common 11. This will be "the first dividend paid on the shares since 1936, when 25c. per share was distributed. Niagara Fire Insurance Co., N. Y.—Dividend of $1.50 per share on the common stock, payable Dec. 29. Previously, regular quarterly dividends of $1 were distributed. ' Nicholson File Co.—Extra dividend of 80c. per share in addition to the regular quarterly dividend of 30c. per share was paid on the common stock, on Dec. 21. Nineteen Hundred Corp.—Dividend of 25c. per share on the class B shares, payable Dec. 28. Regular quarterly dividend of 12)^e. per share was paid on Nov. 15 last. Noblitt-Sparks Industries—Extra dividend of 90c. to a quarterly dividend of 60c. on the common share in addition stock, both payable per Dec. 28. Noma Electric Corp.—Dividend of 30c. per share on the common stock This compares with 25c. paid on Dec. 20, 1938. North American Rayon Corp.—Dividend of $2 per share on the class A shares, payable Dec. 20. This compares with 50c. Aug. 11, last. and class B common on declared Package Machinery Co.—Special dividend of 25c. per share on M®1 common stock, payable Dec. 20. Regular quarterly dividend of 50c. was paid on Dec. 1 last. a Page-Hersey Tubes, Ltd.—Extra dividend of 50c. per share in addition* to the regular quarterly dividend of $1 per share on the common stock, both payable Jan. 2. t . . Pan American Southern Corp.—Dividend of 10c. per share on the com¬ mon stock, payable Dec. 20. This was the first dividend paid since Dec. 21, 1937, when 20c. was distributed. Parke, Davis & Co.—Dividend of 20c. per share on the common stock, payable Dec. 19, and in addition, a dividend of 40c. per share, payable Jan. 2. V/ Parker Rust-Proof Co.—Dividend of $1 per share on the common * payable Dec. Dec. Regular 27. 1, last. ' quarterly dividend of 25c. was stock, paid on . Patchogue Plymouth Mills Corp.—Dividend of $2 per share on the com¬ mon stock, payable Dec. 12. This compares with $1 paid on Nov. 10, and March 21, last. Corp.—Dividend of 25c. per share on the COtomon regular quarterly dividends of stock,- payable Dec. 26. Previously 12He. per share were distributed. Penick & Ford, Ltd.—Dividend of $1 payable Dec. 26. Regular quarterly share on the common stock, dividend of 75c. was paid on per Dec. 15, last. (J. C.) Penney Co.—Extra dividend of $2 per share in addition to a quarterly dividend of 75c. per share on the common stock, both payable Dec. 20. Extra of $1 was paid on Dec. 20, 1938 and an extra of $1.50 per share was paid on Dec. 23, 1937. Pennsylvania Bank Shares & Securities Corp.—Dividend of 75c. pe^ share on account of accumulation on the 5% preferred stock, par $50, payable Dec. 20. Dividend of 50c. was last paid on Dec. 20, 1938. Pennsylvania Sugar Co.—Dividend of 25c. per share on the common stock payable Dec. 15. Previous dividend was paid on April 30, 1938 and amounted to 50c. per share. ■ .„ _ Pepeekeo Sugar Co.—Dividend of $1 per share on the common stock, payable Dec. 15. This will be the first dividend paid on the common shares since 10c. was distributed on March 15, 1938. Pepsi-Cola Co.—Dividend of $15 per share on the common stock, payable Dec. 8, Peter Paul, Inc.—Dividend of 50c. per sbareon the no par shares, payable Dec. 26. This compares with 4Cc. paid on Oct. 2 and July 1, last. Co.—Dividend of 25c. per share on the common stock, value, payable Jan. 25. This compares with 10c. paid on Oct. 25 July 25, last. Philadelphia no par on Philadelphia share on Dairy Products Co., the second preferred stock, Inc.—Initial dividend of $2 per payable Dec. 21. —— Phillips Packing Co. Inc.—Dividend of 25c. per share on the common stock, payable Dec. 28. This will be the first dividend paid on the common shares since Dec. 15, 1936, when a like amount was also dis¬ - Phoenix (Fire) Insurance Co.—Extra dividend of $1 per share in addition to the regular quarterly dividend of 5Cc. per share on the capital stock, both payable Jan. 2. (Albert) Pick Barth Co., Inc.—Year-end dividend of 15c. per share on the common stock, payable Feb. 20. Dividends of lCc. were paid on Dec. 15^1938, and on Dec. 20, 1937. PictoriaDPaper & Package Corp.—Dividend of 15c. per share on the comm<M,stock, par $5, payable Dec. 27. This compares with 10c. paid on SepflpO, last. Pittsburljl made Forgings Co.—Dividend of 40c. per share on the common Previous payment was the 25c. distribution fwable Dec. 27. stock, oSS|pril 25, 1931. Pocahonffifcuel stock, , March Co.—Year-end dividend of $2 per share on the common This compares with $1 paid on July 1 and on p$y#le Dec. 15. 3r,l||>38. Pond Creek Pocahontas Co.—Dividend of $1 per share on the common stock, payable Dec. 28. This compares with 25c. paid on this latter being the first dividend paid on the common Oct. 1, 1937 when 50c. per share was distributed. Oct. 2, last, shares since (G. E.) Prentice Mfg. Co.—Extra dividend of $2 per share on the common stock, par $25, payable Dec. 20. A stock dividend of 50% was paid on Dec. 1, last. Preston East Dome Mines, Ltd.—Initial dividend of 5c. per share on common stock, payable Jan. 15. Stockholders have the option receiving this dividend in stock or in cash. he of Providence Gas Co.—Dividend of 25c. per share on the common stock, payable Dec. 27. ceding quarters. Dividends of 15c. per share were distributed la pre¬ Providence-Washington Insurance Co.—Special dividend of 40c. per share in addition to the regular quarterly dividend of 25c. per share on the capital stock, par $10, both payable Dec. 23. Prudential Investors, Inc.—Dividend of 25c. per share on the common stock, payanle Dec. 20. This will be the first dividend paid since 30c. was distributed in December, 1937. (George) Putnam Fund of Boston—Dividend of 35c. per share, payable Dec. 20. This compares with 2(ic. paid on Oct. 16, last, and a dividend of 15c. paid on April 15, last. Pyle-National Co.—Dividend of 60c. payable Dec. 21. paid , the 1,086,737 shares of tributed. England Fund—Dividend Co.—Dividend of $2 per share on the Dividends of $1.75 were paid in each capital stock, payable Dec. 27. This dividend is payable on the new $1 par stock of Pacific Tin Consolidated Corp., but was made available to the holders of old $5 par stock of YukonPacific Mining Co., and to the holders of special stock of Pacific Tin Corp., when and as they completed the exchanges for Pacific Tu^^onsolidated stock provided for by the reorganization plan. '\1 on and New Britaih Machine Co.—Extra dividend of $1 per share in addition to a dividend of 50 cents per share on the larger amount of common shares now outstanding, both payable Dec. 21. Regular quarterly dividend of 25 cents was paid on the smaller amount of common stock previously outstanding on Sept. 30, last. the common Pacific Tin Consolidated Corp.—Dividend of 15c. per share was This compares with 40c. paid in the three Natomas Co.—Extra dividend of 20c. per share in addition to the regular quarterly dividend of like amount on the common stock, both payable Dec. 27. Extra of 10c. was paid on Dec. 27, 1938. Navarro Oil Co.—Extra dividend of 10c. per share in addition to the regular on This compares with $1 paid on June 30, stock; payable Dec. 15. last, and on Dec. 15, 1938. mon the National Acme Co.—Dividend of 50c. per share on the common stock, par $1, payable Dec. 27. This compares with 25c. paid on Dec. 29,1938. share Dividends of 25c. was paid on Sept. 30, last. stock, payable Dec. 22. paid on Sept. Nashua Mfg. Co.—Dividend of $1 per share on account of accumulations on the 7% class C preferred stock, payable Dec. 29. This will be the first dividend paid in some time. — per Pacific Commercial Co.—Year-end dividend of $2 per share on the com¬ Investment Fund—Extra dividend of 10c. in addition to the regular quarterly dividend of like amount on the common shares, both payable Dec. 26. share on the capital per 23. Co.—Year-end dividend of 50c. Can Peaslee-Gaulbert Mutual share on the common stock, Oswego Falls Corp.—Extra dividend of 20c. . Modine Mfg. Co.—Dividend of 75c. per share on the common stock, no par value, payable Dec. 20. Previously, regular quarterly dividends of 25c. per share were distributed. per $12.50, payable Jan. 15. par par was per share on the common stock, $5, payable Dec. 21. Regular quarterly dividend of 50c. per share paid on Dec. 21, 1937. Railway & Light Securities Coi Dividend of 30c. per share on the com¬ mon stock, no par value, payable Dec. 28. This compares| with 15c. paid on Dec. 28, 1938. i MONTHLY REVIEW Jan., 1940] Time, Inc.-i-Extra dividend of $1.25 per share in addition to a regular dividend of $1.50 per share on the common stock both payable Dec. 20. Extras of 50c. and regular dividends of $1 per share were paid on Sept. Rainier Brewing Co.—Company paid a year-end dividend of 50c. per share its participating class A stock and 011 its class B stock on Dec. 19. Regular monthly dividends of 15c. per share were paid on both issues on Dec. 9, last. on 30 and . Reece Button-Hole Machine Co.—Dividend of 35c. per share on the new payable) Dec. 28. stock, Tobacco Corp. of New York—Dividend of 22Hc. per share on the capital stock, par $2, payable Dec. 19. This compares with 7H c. paid 011 July 15, last. ' Reinsurance payable Dec. 18. Company also declared of $1.50 per share, payable Jan. 15. Trunz Richmond Fredericksburg of when share no * stock, payable. Dec. 15, last. Selected . Shares, American common . per were share paid on Inc.—Dividend of 30c. per share on the Dividend of 15c. was paid on June 30, Securities Co.—Initial per share dividend of the on $5 a common share stock, both the on common payable Dec. 15. . Clemenceau Mining Corp. stock for each share of this company's stock • held. . share in addition to per U. S. regular quarterly dividend of 10c. per share on the common stock. extra dividend will be paid on Dec. 23 and the regular quarterly on on United States Smelting, Refining & Mining Co.—Dividend of $1.50 share on the common stock, par $50, payable Dec. 22; and another dividend of $1 per share payable Jan. 15, 1940. Regular quarterly dividend of $1 per share was paid on Oct. 14, last. June 30, last. per per share on Universal Cyclops Steel Corp.—Dividend of 55c. per share on the the com¬ mon payable Dec. 23. A dividend of 10c. was paid on Oct. 2, last; this latter being the first payment made since April 1, 1938 when 10c. per share was distributed. stock, Castings Co.—Dividend of 50c. per share stock, payabld Dec. 20. This compares with 25c. paid Aug. 10. last. Sivyer Steel on on a special dividend of 25c. per share Co.—Year-end dividend of 25c. Dividend of 10c. was share on the common paid on Sept. 30, last. per Virginia Coal & Jron Co.—Company paid an extra dividend of $1.50 per share on its common stock on Dec. 15. Vogt Mfg. Corp.—Dividend of 35c. per share on the common stock, payable Dec. 21. This compares with 20c. paid Dec. 1, Sept. 1, June 1 March and 1, last. Detinning Co.—Year-end dividend of $4 per share on the com¬ stock, payable Dec. 20. Directors also declared three dividends of $1.50 each on the common stock, payable March 20, June 20 and Sept. Vulcan share 011 the 110 par regular quarterly divi¬ mon per Engineering Co.—Dividend of 30c. per share 011 the $1 capital stock, payable Dec. 26. Dividend of 15c. was paid on Sept. 30 and on July 1, last. v Stores, Inc.—Dividend of 20c. per share 011 the common Last previous payment on the common shares Dec. 22, 1937, and amounted to 50c. per share. stock, payable Dec. 19. Sterling Aluminum Products, Inc.—Dividend of 50c. p$r share 011 ths This compares with 25c. paid July 10, last. Stetcher-Traung Lithograph Co.—Dividend of 50c. per share on the common stock, payable Dec. 30. Last previous distributions were made Dec. 31, 1937, and consisted of an extra dividend of 50c. and quarterly dividend of 37 He. per share. on a regular per Wagner Baking Corp.—Dividend of $3 • • on the $3 second was per share on account of arrears preferred stock, payable Jan. 2. Last previous dividend the regular quarterly dividend of 75c. per share paid on July 1, 1938. Wailuku Sugar Co.—Dividend of 70c. per share on the common stock, payable Dec. 20. Dividend of 10c. was last paid on March 21, 1938. Walker & Co.—Dividend of 75c. per share on account of accumulations on the $2.50 cumul. class A conv. stock, no par value, payable Dec. 23. Dividends of 50c. were paid on Dec, 1, Sept. 1, July 15, and March 1, last, and on Dec. 20 and Dec. 1, 1938. Washington Ry. & Electric Co.—Special dividend of $14 (S.) Stroock & Co., Inc.—Dividend of $1 per share on the common stock, payable Dec. 22. Previous payment was the 50c. quarterly distribution 23, . Ltd.—Dividend of 38c. per share on the common payable Jap. 2. Previously regular quarterly dividends of 25c. share were distributed. stock, par stock, par $1, payable Dec. 14. 1940. 20, Wabasso Cotton Co., Steel Products Dec. common per quarters. stock, payable Dec. 26. June 30, last. on 65c. common Vlchek Tool • (L. S.) Starrett Co.—Year-end dividend of 50c. common stock, payable Dec. 30. Previously, dends of 25c. per share were distributed. made of 13. ceding Co.—Dividend of $1.10 pet share on the common stock, This compares with 42c. paid on June Square D Co.—Dividend of $1 per share on the common stock, par $1, payable Dec. 23.© This compares with 30c. paid on Sept. 30 and on common dividend* Works—Year-end Virginian Ry.—Dividend of $4 per share on the common stock, par $100, payable Dec. 27. This compares with $2 paid in each of the three pre¬ both payable Spencer Trask Fund, Inc.—Dividend of 15c. per share on the common stock, par $1, payable Dec. 15. Dividends of 10c. were paid in each of the four preceding quarters. 011 paid in stock, no par value, on Dec. 15 to holders of record This was in addition to the special dividend of 50c. previously declared and also paid on Dec. 15. Dec. value, payable Dec. 20. made the on Dec. Bros. Chemical Viking Pump Co.—Company paid Southern Natural Gas Co.—A dividend of 25c. per share and in addition Sterchi were com. share on the $5 par common stock, payable Dec. 27. This compares with 25c. paid on Sept. 30, June 30 and March 31, last. * • Three $2 par shares were exchanged for During 1939 $5 par stock paid a total of $1 a share. 30, last. com Sept. 30. the stock, payable Dec. 22. Co.—Extra dividend of 25c. per share in addition to a quarterly dividend of 25c. per share on the common stock, both payable Dec. 21. Extras of 10c. and regular quarterly dividends of 15c. were paid on Sept. 30, June 30 and on April 1, last. par on on Van Camp Milk Co.—Special dividend of 25c. per share on the Victor Sonoco Products Southern Weaving with 20c. paid Valley Mold & Iron Corp.—Dividend of $4 per share on the common stock, payable Dec. 21. This compares with 25c. paid on Dec. 24, 1938. an extra special dividend of like amount on the common stock, 30, 1939. compares Co., Inc.—Dividend of 80c. per share value, payable Dec. 20. Dividends of 40c. three preceding quarters. of the each This Products stock, no par the common Oct. 10, and stock of $2 par the former $5 par stock. common stock, payable Dec. 28. Universal dividend of 20c. a share 011 the value, payable Dec. 27. being an initial dividend Skilsaw, Inc.—Company declared each old share. $10, payable Dec. 23. capital stock, par Dividend of 50c. was paid King Coalition Mines Co.—Dividend of 15c. mon per share on the common stock This will be the first dividend paid since Dec., 1936. payable Dec. 21. Signode Steel Strapping Co.—Dividend of 50c. per share on the common stock, payable Dec. 22. Dividends of 25c. were paid on Nov. 3 and Aug. 4, last and on Dec. 28, 1938. * Silver Freight Co.—Interim dividend of 50c. United States Guarantee Co.—Extra dividend of 50c. per share on the Jan. 2. payable Dec. 23. • paid of United Verde Extension Mining Co.—Stockholders of record as of Nov. 15 on Dec. 15 received a cash dividend of 65c. per share and one share of Mining Co.—Dividend of 15c. per share on the capital payable Dec. 22. This compares with 12He. paid on Feb. 20, dividend on Mills—Dividend 1939.. Sierra Pacific Power Co.—Dividend of $1 per share on the common stock, was stock, was United Shirt Distributors, Inc.—Year-end dividend of 25c. per share on the common stock, payable Dec. 30. This compares with 12Hc. paid on Sept. 15 and March 21, last. last. no common 10c. and Union Wire Rope Corp.—Company paid a dividend of 15c. per share on the common stock on Dec. 23. Dividends of 10c. were piad in each of the three preceding quarters. stock, payable Dec. 27. Shawmut Association—Extra dividend of 20c. a the United Corp.—Directors authorized a dividend of $1.05 per share on the $3 cumulative preference stock payable Dec. 27 to holders of record Dec. 18. This payment clears up all arrears on the issue as of Dec. 11, Shattuck Denn on on was . on . Water Co.—Extra dividend of 10c. per share in addition to the regular quarterly dividend of 20c. per share on the common stock, no par value, both payable Jan. 2. The Buffalo last. ' Shasta the per share Previous dividend value, payable Dec. 22. 1938. Union Twist Drill Co.—Dividend of 50c. per share on the common stock, payable Dec. 29. This compares with 25c. paid on Sept. 29 and July 1, last. stock, Co.—Dividend of 50 cents capital stock, Inc.—Dividend of 11c. per share on the common This compares with 3c. paid in each of the four Co.—Special year-end dividend of 60c. 30. Dividends of 40c. Surety common per share on the common stock, This will be the first dividend paid since Dec. 23, 1937 per share payable in interest-bearing notes Dec. 24, Union regular quarterly dividend of 20c. per share on the common stock, $10, both payable Dec. 27. Nov. payable Dec. 28. This is the first dividend on this 1937, when a payment of $1.50 a share was made. regular quarterly dividend of 15c. payable Dec. 20. Feb. 1, 1938. to the the common Union Metal Mfg. Co.—Extra dividend of 40c. per share in addition to the Seaboard Commercial Corp.—Extra dividend of 30c. per.share in addition Seaboard the on $1.75 per share on account of ac¬ cumulations on the 7% cumulative preferred stock, par $100, payable payable Dec. 18. This compares with $1 paid on Oct. 1 and July 1, 1938. stock, payable Dec. 20. preceding quarters. par par Union Sagamore Mfg. Co.—Dividend of $1 per share was paid on the common stock on Dec. 19, representing the first dividend paid since 50c. per share , share \ Coach on . Sangamo Electric Co.—Dividend of 75c. per share on the common stock, payable Dec. 22. A dividend of 50 cents was paid on Oct. 1, last. Schmidt Brewing Co., per distribution of 40c. a made. was Twin Ryan Consolidated Petroleum Corp.—Initial dividend of 10c. per*share on the common stock, payable Dec. 27. on company, payable Dec. 21. Dec. 31, 1938. cffetributed the issue since Oct., & Potomac RR.—Dividend of $3 per share per of 25c. payable Dec. 19. Tung>-Sol Lamp Works—Dividend of 10c. the voting and non-voting common shares and on the dividend obliga¬ tion stock, all payable Dec. 23. Dividends of $1 were paid on Jpne 30, of 80c. regular quarterly dividend a Tubize Chatillon Corp.—Dividend of $2 per share on the class A stock on Rose's, 5, 10 & 25-Cent Stores, Inc.—Extra dividend on the common stock, payable Dec. 20. Stores—Extra dividend Pork stock Paper Co.—Dividend of 40c. per share on the common payable Dec. 20. This compares with 20c. paid on Oct. 2, last. Richardson Co.—Dividend of $1.50 per share 011 the no par common stock, payable Dec. 15. This compares with 40c. paid on Sept. 11, last; 30c. paid on March 14, last and $1 paid on Dec. 13, 1938. was Inc.—Dividend of $1.40 per share on the This compares witty $1 paid on Oct. 30, Towle Mfg. Co.—Year-end dividend of $2 per share m the common stock, Rhinelander on Stocks, per share on the common stock, pay¬ This compares with 30c. paid on Oct 2. able Jan. 2. per share on the common stock, payable Dec. 28. Last previous distribution was the 5c. dividend paid on Dec. 23, 1938. last, and Allied stock, payable Dec. 28. 1, last. Torrington Co.—Dividend of 40c. Remington Arms Co.—Dividend of 10c. stock June 30. last. and May Nov. 1, last. on & .common Reliance Manufacturing Co—Special dividend of 25c. per share on the% common stock, payable Dec. 29. Regular quarterly dividend of 10c. was paid on Timken Detroit Axle Co.—Extra dividend of $1.50 per share in addition to a dividend of 25c. per share on the common stock, both payable Dec. Company recently split up its stock two-for-one. Dividends of 20c. were paid on the old stock on Oct. 2, July 1 and April 1, last. common 17 1938. the common stock, par per share on A regular quarterly divi¬ $100, payable Dec. 23. dend of $9 per share was paid on Nov. 30 last. " v stock, June 30, Waterbury Farrell Foundry & Machine Co.—Company paid a dividend of 50c. per share on the common stock, par $25, on Dec. 22. Regular quarterly dividend of 20c. was paid on Oct. 20 last. share in addition to the regular quarterly dividend of 12He. per share on the common stock, payable Dec. 27, and Jan. 15, respectively. Wayne Knitting Mills—Extra dividend of 25c. per share in addition to a dividend of $1 per share on the common stock, both payaDie Dec. 23. This compares with $1 paid on Dec. 24, 1938. and an initial dividend of $1 paid 011 Dec. 24, 1937. Submarine par Signal Co.—Dividend of $1.75 $25, payable last, and $1.50 011 Dec. 30. This Dec. 27, 1938. per compares Superheater Co.—Extra dividend of 10c. share on with 50c. the common paid on per Supertest Petroleum Corp., Ltd.—Extra dividend of 50c. addition to both a semi-annual dividend of like amount payable Jan. on per share in the common stock 2. Talon, Inc.—Extra dividend of $1.65 quarterly dividend of 60c. per share share in addition to the regular the common stock, both payable per on Dec. 26. Tappan Stove Co.—Dividend of $1.20 per share on the common stock, payable Dec. 20. This compares with 20c. paid in each of the three preceding quarters. Taylor Milling Corp.—Dividend of 50c. per share on the common stock, no par value, payable Dec. 22. Previous payment was the 25c. dividend distributed on April 1, 1938. Technicolor, Inc.—Dividend of 40c. able Dec. 28. per share on the This compares with 25c. paid on Oct. common stock pay¬ 18, last. Thew Shovel Co.—Dividend of $1 per share on the common stock, pay¬ able Dec. 20. This compares with 50c. paid 011 Aug. 15, last. ' Thomson common Electric Welding Co.—Dividend of 50c. per share on the 1. This compares with 25c. paid on June March 1, 1938. stock, payable Dec. 1, 1938, and on Wellington Fund, Inc.—Dividend of 25c. per share on the commoiistock par $1. payable Dec. 28. This compares with 20c. paid 011 Sept. 20, last] Western Light & Telephone Co.—Initial dividend of 10c. per share on the common stock, payable Jan. 10. West Michigan Steel Foundry Co.—Dividend of 15c. per share 011 the common stock, payable Dec. 26. Previously regular quarterly dividends of 12He. per share were distributed. Wheeling & Lake Erie Ry,—Dividend of $4 stock, payable Dec. 27. mon shares on Dec. 18, White Rock Mineral per share on the Dividend of $5 per share was paid on common the com¬ 1937. Springs Co.—Dividend of 50c. share on the com¬ mon stock, payable Dec. 28. Last previous distribution was made on Dec. 28, 1938, and amounted to 25c. per share. White Sewing ence stock Machine Corp.—Initial dividend in the Wichita Union mon stock, paid on Stock at on the of 50c. per share, payable the close of business on Jan. amount stockholders of record per Yards—Dividend payable Dec. 23. June 30, Jast. new Feb. 30, prior prefer¬ 1, 1940, to .1940. of $3.50 per share 011 the com This compares with a dividend of $1,50 MONTHLY REVIEW 18 Winn & Lovett Grocery Co.—Special dividend of $1 per share on the class B common shares payable Jan. 4. ' Wiser Oil Co.—Year-end dividend of 50c. per share on payable Jan. 2. were distributed. Oct. 2 and on the common stock, Previously, regular quarterly dividends of 25c. per share In addition, i an extra dividend of 15c. was paid on July 1, last. (Wm.) Wrigley Jr. Co.—Special extra dividend of 50c. per share on the common stock, no par value, payable Dec. 28. • / (Alan) Wood Steel Co.—Dividend of .¥1.75.per share on account of ac-\ cumulations on the 7% cumul. pref. stock, par $100, payable Dec. 21. This compares with $1 paid on Nov. 17, last. Youngstown Steel Car Corp.—Dividend of 25c. per share on the com¬ mon stock, payable Dec. 20. An initial dividend of 10c. was last paid on Dec. 23, 1937. UNFAVORABLE CHANGES Castings Corp.—Dividend of 25c. per share on the common stock, payable Dec. 20. Last previous payment was the 50c. dividend paid on Dec. 24, 1937 in interest bearing notes. Advance Aluminum Ajax Oil & Gas Co., Ltd.—Dividend on the common stock reduced from 2c. a share to 1 He. a share, payable Dec. 29. of 60c. per share on the common stock, payable*Dec. 15. This compares with $3 paid on Dec. 23, 1938. and previous payment was an initial dividend of $1.25 per share paid in 1936. Aviation Capital, Inc.—Dividend Bickford's, Inc.—Dividend of 30c. per share on the common stock, pay¬ able Jan. 2. Dividends of 40c. were paid in each of the four preceding quarters. shares in November and 23,734,934 shares in October. It was the smallest volume for any October since 1921, with turnover five amounting to 1,000,000 shares or better on only days during the month. In the first week after the out¬ break of virtually war as Transactions in Europe last September stock trading large for in as the the whole whole month was month of December. of September totaled shares. The December trading volume was typical of that for the year as a whole. Dealings amounted to only 262,029,599 shares, the smallest total for any year since 1923. On the war front, the principal development was the Russo-Finnish war, but it did not appear that the influence on the stock market here of this enlargement of the area of hostilities was important. In the commodity markets the influence of the war was discernible, but in the stock market and in industrial activity domestic forces were of more importance. In some directions there was a tapering off of the rate of activity from the high level of November, so far as actual units of production were concerned. But if 57,091,430 account be taken of seasonal factors the indexes of industrial Carbons Consolidated, Inc.—Dividend of 30c. per share on the common Dividend of 40c. was paid on June 14, last. output would show a further rise in December. Preliminary production index of the Federal Reserve Board rose in December to the highest point ever Chrysler Corp.—Dividend of $1 a share on the common stock, payable reached, even exceeding the high of 1929. These same Dec. 23. This compares with $1.50 a share paid on Sept. 13, and seasonal factors, which tended to make the fourth quarter's June 12, last. Churngold Corp.—Dividend of 10c. per share on the capital stock, pay-v rate of industrial activity more impressive, promised to work able Dec. 22. This compares with 15c. paid on Sept. 30 and on June 30, against a favorable showing by the index in the first quarter last. of 1940. It seemed to be generally accepted that there would (D. L.) Clark Co.—Year-end dividend of 5c. a share on the no par common stock, payable Dec. 18. Distributions of 25c. a shai*e were made on -be some slackening in industrial production in several lines Dec. 28, 1938 and on Sept. 1, 1938. after the turn of the year, for incoming orders in recent weeks Empire Safe Deposit Co.—Dividend of 75c. per share on the common stock, were somewhat less than production. But there was differ¬ payable Dec. 29. Regular quarterly dividends of $1 per share were previously distributed. ence of opinion as to how far the slowing down of activity Helena Rubenstein, Inc.—Dividend of 25c. per share on the common would proceed, and until more light could Le thrown on this stock, payable Feb. 1. This compares with 75c. paid on Nov. 15, last, aud on Dec. 23, 1938. question the stock market was inclined to mark time. Steel Honolulu Rapid Transit Co., Ltd.—Company paid a dividend of 25c mill operations declined to 73.7% in the last week of the per share on the common stock on Dec. 15. This compares with 30c. month from 94.4% at the start of the month, but this paid on Sept. 30, last. showing was in good part accounted for by holiday shutdowns. Mandel Brothers, Inc.—Dividend of 25c. per share on the common stock, payable Dec. 27. A dividend of 45c. was paid on March 20, last. Automobile production was measurably improved, following Merchants & Miners Transportation Co.—Directors at their recent the resumption of activity at the Chrysler plants, which had meeting took no action on payment of a dividend on the common shares been out of production during most of October and November at this time. Regular quarterly dividend of 25c. per share was paid on Sept. 30, last. because of labor difficulties. Electric power production rose Nation-Wide Securities Co. (Colo.)—Company paid a dividend of lJ^C. to tht.' rghest level on record and car loadings, while lower, per share on its common stock on Dec. 23. Dividend of 3c. was paid stock, payable Dec. 26. Co.—Dividend of 15c. per share on the common stock, payable Dec. 30. This compares with 20c. paid on June 20, last. Case Pomeroy & on Pacific Southern Investors, Inc.—Dividend of 50c. per share on the $2 class A cumulative stock, par $1, payable Dec. 15. Dividends of $1 were paid on Dec. 15, 1938, and on Dec. 15 and July 1, 1937. (R. J.) Reynolds Tobacco Co.—Year-end dividend of 30c. per share on the common and class B common stocks, payable Dec. 26. Dividends of 50c. were paid on Nov. 15, Aug. 15, May 15 and Feb. 15. last, and on Nov. 15, 1938. (Frederick) Stearns & Co.—Dividend of 12He. per share on the common stock, payable Dec. 28. Previously regular quarterly dividends of 25c. per share were distributed. A.) Stein & Co.—Dividend of 20c. per share on the common stock, no par value, payable Dec. 28. This compares with 25c. paid on Nov. 15 and on Aug. 15 last. Toro Mfg. Dec. 1. Co.—Dividend of 30c. per share paid on common stock on This compares with $1.25 paid on Sept. 27, 1938 and an Sept. 25, 1937. Ward Baking Co.—Company, has on on decided to pay nothing further this year preferred dividend accumulations. Dividends of 50c. each were paid April 1, July 1 and Oct. 2, 1939, on the 7% preferred stock. COURSE OF THE STOCKMARKET DURING While stock prices were DECEMBER, 1939 able to register an advance in December, the interest of investors and speculators in the market remained at a low ebb throughout the month. Business activity was well maintained and irf the commodity markets there strong advance, but buyers of stocks initiative sufficiently to bring prices refused to was a the take forward with anything like a rush. Not in a good many years have stocks sold on so low a basis with respect to earnings. In the last third of the year the rate of industrial output experienced one of its sharpest rises on record, but stock prices lagged well behind the improvement in business. The New York "Times" index of 50 stocks—25 rails and 25 that prices on the average had risen points to the 110.0 level, following declines of 4.17 and 2.22 points, respectively, in November and October. At the close of the month the index was 4.27 points under the high reached in the September rise of prices. The spread between the high and low marks touched by the index was only 4.10 points in December, representing one of the narrowest ranges for the market in any month in recent years. The small zone of fluctuation was testimony to the fact that the market had reached a stalemate, with investors waiting to see how much of a decline in,the high rate of industrial activity in the last quarter of 1939 the first quarter of 1940 would bring. When the market was enjoying a strong rise in September the rail stocks displayed, percentagewise, considerably more strength than did the industrials. In December, however, the performance of the rails suffered by comparison with the industrials, for the 25 rails moved up only 0.07 point to23.86 in the index, whereas the industrials advanced 7.25 industrials—showed 3.66 , points to 196.14. the railroad This same laggardness was displayed by bonds. the market's record for the entire year, eight months prices receded 12.06 points in the index and then, after the coming of war in Europe, prices advanced 13.55 points by the year-end, giving the full year a net rise of only 1.49 points. As regards activity, the December market made a sorry showing. Stock transactions on the New York Stock Ex¬ change totaled only 17,773,413 shares as against 19,225,036 Looking back one were that the showed less than the usual seasonal decline. 1, last. Nov. estimates over finds that in the first As to the fluctuations in individual stocks, Allied Chemical from 169 Dec. 11 to 182 Dec. 15, with the close Dec. 30 at 176%. American Tel & Tel. moved up from 168 Dec. 18 to 171% Dec. 21, closing Dec. 30 at 170%. Con¬ solidated Edison Co. of N. Y. advanced from 29% Dec. 27 & Dye to 30% Dec. 30, the close on that day being 30%. rose General Electric opened at 38% Dec. 1, moved ahead to 40% Dec. 20, and closed the month fractionally lower at 40%. United States Steel improved from 64% Dec. 1 to 69% Dec. 7, closing Dec. 30 at 66%. Steel preferred also surged forward from 113% Dec. 23 to 117% Dec. 30, the closing on that day being a trifle off at 117. Westinghouse Elec. & Mfg. touched its low point Dec. 4 at 108%, and its high point Dec. 21 at 117%, closing Dec. 30 at 116%. In the railroad list Atchison Topeka & Santa Fe declined from 26% Dec. 6 to 22% Dec. 27, recovering Dec. 30 to 23%. Baltimore & Ohio receded from 6% Dec. 7 to 5% Dec. 27, the close Dec. 30 being slightly higper at 5%. Chesapeake & Ohio moved down from 42% Dec. 7 to 38% Dec. 27, to show im¬ provement Dec. 30 at 41%. Delaware & Hudson touched 25% Dec. 6 and than slipped back to 21% on Dec. 27, closing the month slightly better at 21 %. New York Central reached its top figure Dec. 14 at 19% and its low point of the month Dec. 27 at 17%, closing Dec. 30 at 18%. Southern Pacific moved down from 15% Dec. 7 to 14% Dec. 27 witb the close Dec. 30 at 14%. Northern Pacific also sold off from 9% Dec. 7 to 8% Dec. 27, ending the month modestly higher at 8%, and Union Pacific lost ground moving down from 99 Dec. 5 to 92 Dec. 21, with subsequent recovery Dec. 30 at 94%. Transactions in bonds on the New York Stock Exchange totaled only $176,100,000 par value, against $151,685,000 in November, making it the poorest December singe ,1917. in Government bond activity on the Stock Ex¬ change in December, however, gave the year a better record than 1938, with dealings amounting to $2,046,083,000 as against $1,859,865,000 in the previous year. As for bond prices, the December showing was mixed. U. S. Govern¬ ment bonds moved up about 1 % points and reached the best level since the third week of August, all of the heavy losses of September having been completely repaired. High grade corporation bonds moved up about 1 1-3 points to within 1 point of their July high, but medium grade corporate issues were irregular, with the utilities higher and the rails lower. The domestic bond average of the New York "Times" advanced 0.77-point, but the foreign bond average declined 0.48-point, thus canceling the November rise. Scan¬ dinavian issues were especially weak following the invasion of Finland by Soviet Russia on Nov. 30. The domestic bond average had a rise for the year of 0.42-point, but the foreign bond average dropped 21.87 points, or 25%, to a closing level of 60.87. In the following table' we indicate the fluctuations for The spurt the current month in the ami foreign government more active domestic "bonds: (Continued, on page 111) corporate fH £_ New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING DECEMBER 1939 1939 1938 $176,100,000 2,046,083,000 $217,609,000 1,859,865,000 Bond Sales December Jan. 1 to Dec. 31____ Stock Sales December, 1939 Shares_ — 1938 17,773,413 Jan. 1 to Dec. 31 27,492,069 297,466,722 262,029,599 NOTICE—Cash and deferred delivery sales are disregarded la the moath's range ualess they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month, in which they occur. No account is taken of such sales in computing the range for the year. The tables on 19 to 40 furnish pages Dec., 1939, and the range for embrace every security dealt in a complete record of the transactions They need 1939. the Exchange. on extended introduction, The italic letters in the. column headed "Interest Period" indicate in each In accordance with the rule are the New York Stock Exchange during on are self-explanatory. The tables We give bonds first, using the classification adopted in the official list. no as they the month when the bonds mature. case adopted by the" New York Stock Exchange in 1909, all quotations for interest-paying bonds price to which accrued interest must be added. The exceptions to the rule This method of quoting bonds became effective Jan. 2, 1909. at a sent one or more 32ds of Sales for a Price Jan. 3 § •5 ft* 1-3 n. y. stock exchange 1939 on which repre¬ point BONDS 12 Mos. income bonds and bonds Quotations after decimal point are Interest is in default. PRICES 1939 Dec. 1 Bid Dec. Ask Bid RANGE FOR IN DECEMBER 30 Ask Lowest Sale Prices Sale Prices Sale Prices Sale Prices 119 Sale 119.18 Sale 114.17 Sale 113.10 113,20 119.31 120 119.8 119.10 Dec. 119.10 Dec. 1 114.15 Sale 114726 114.11 Dec. 6 114.31 Dec. 29 113.22 114 114.22 114.26 114 Dec. 11 114.23 119.10 Sale Sale 120.4 Dec. Dec. 29 1940-1943 7 D M S 105 105.10 102719 Sale 102714 102.17 102.16 Dec. 29 Dec. 20 102.21 Dec. 8 Dec. 26 102.26 102.12 June 115.30 Sept 15 121.18 Sept 25 116.19 June 22 110.2 July Dec. 26 Dec. Dec. 27 Sept. 28 115.25 July 108.18 Sept. 25 116.5 June Oct. 101.2 1 Sept 102.12 6 18 11 112 18 1 Oct Jan. 105.8 24 23 3 943-1947 "f - 106.27 Sale 104.19 104.28 104.21 104.24 104.20 166720 D 109.30 Sale 109715 109.24 F " 107.4 107.13 105.4 105.10 105.13 105.16 105.5 A ~0 109127 Sale i097l6 Sale 109.23 109.15 4 104.26 Dec. 104.30 Jan. 10 103.15 sept. 3 June 106.27 105.24 Jan. 105.24 1941-1943 Treasury 3 Mis June 22 Sept. Sept. Sept. 111.10 110.27 June 16 107.12 Jan. Dec. 8 108.23 Dec. 27 106.16 Dec. 5 105.10 Dec. 2 103.28 Dec. 2 109.30 Registered 106.26 1941 Treasury 3 M8 Registered .1943-1945 105.6 109726 109.29 109.12 109.21 Registered 1944-1946 Treasury 3%s Registered Treasury 3 Mis Registered 16.000 3,898,000 treasury 3Mis June Nov. Dec. 28 106.16 Sept. Dec. 26 106.31 Oct. 107.7 111.9 111.5 a o 110.1 Sale 109.30 Sale 110.13 Sale 110.10 Sale 109.28 109.26 Dec. 26 10R.21 Dec. 2 lld.13 Dec. 18 106.12 Oct. 111.27 June 30 Mar. 10 June j i5 109.12 Sale 11677" 110.16 111.9 1 110.10 Dec. 108.7 Oct. 111.2 Dec. 6 111.14 Dec. 29 104.22 Sept. 112.21 June Dec. 6 110.3 Dec. 6 106.12 Oct. 111.27 6 May 111.13 110.6 110.3 1946-1949 7 6 June - ... Treasury 3 J4s Aug. Dec. 1053 109". 10 11 111.27 111.30 111.4 Dec. 6 111.29 Dec. 28 105.12 Sept. 114.5 June 108124 Sale 109.24 110.3 110.18 Sale 109.14 Dec. 7 110.18 Dec. 30 16474" Sept. 111.31 June 5 110.2 Mar. 111.1 Ml 107.6 Sale 11678 July 11 109.11 Sale 109.3 Dec. 5 110.10 Dec. 28 102.16 112.26 109.22 June m 104.21 Sale 106.16 June 5 July 28 June 6 June 8 June 2 .1949-1952 j" "d Registered rj 111". 12 ... Treasury 3s 1946-1948 j" - Registered 3,000 9,064,000 Treasury 3s VR.0frtat.< Registered.. 38,000 1,365,000 Treasury 234s Registered. 37,000 —1951-1955 D Sale Sal§ 107.28 Sale 106.2 Dec. 108 Dec. 29 100.1 106.14 Sale 107.26 Sale 106.14 Dec. 107.26 Dec. 28 100,10 Sept. Sept. Sept. Sept. 108.5 109.5 108.3 Dec. 109.8 Dec, 29 103 Sept. 109 Dec. 109 Dec. 23 103.10 Sept. 110.9 109.26 110.6 109.30 Dec. 108.9 Dec. 28 101.10 Sept. 109.31 Dec. 108.6 102.20 1955-1960 s 1945-1947 M s 107.4 1948-1951 m s 105.22 Sale 106.30 107.10 108.8 1951-1954 — j 104.6 106711 Sale Sale 109.9 ... — 108.10 107.2 108.6 Registered 1,000 17,766,000 Treasury 2%s. Registered ...... D Sale Sale 107.11 107.14 106 107;8 — 1956-1959 M "s I03"l3 Sale" 105710 1958-1963 Treasury 2 9*8. Registered 4,000 10,951,000 Treasury 2%s_ 2,000 Registered 41,304,000 Treasury 2 %S 1,000 Registered. 3,283,000 Treasury 2 Mis Sept .22 122.13 110.18 1,460.000 Treasury 3%s Registered 4,000 9,736,000 Treasury 2%s_ Registered 23,000 15,155,000 Treasury 2%s_ 113.18 110.18 .1946-1956 m"S .... Registered 6,000 919,000 Treasury 3 Mia Registered 22,000 12,893^666 O Registered 32,000 8,447", 000 A 1944-1954 y ~f> 4,388,000 Treasury 3%s 1,613,000 19,000 1,618,000 5,000 7,761,000 34,000 9,094,000 35,000 7,503,000 i ......1947-1952 6,385,000 Treasury 4s 1939 Highest u s goverment bonds 5,254,000 Treasury 4tfs Registered 16,000 YEAR Lowest Highest j D 102.28 Sale 105.10 105.16 106.17 106.21 104.25 Sale 106721 106.24 105 Apr. 19 Dec. 29 106.3 Jan. Dec. 107.13 Dec. 29 100.2 Sept. 109.21 Dec. 107.8 Dec. 27 107.8 Dec. 107.8 Dec. 27 Dec. 106.22 Dec. 27 99.2 sept. 109 June Dec. 106.14 Dec. 20 107.30 - 5 23 108.6 Dec. 29 June 5 5 1960-1965 j' d 102.25 Sale 105715 D 106.12 Sale 107718 108" 105 "5 106.18 106.27 107.17 July 108.2 July Sept. 108.23 June 103.25 —.. — Oct. 107.25 July 99.9 Sept. 108.10 June 5 7 99 12 5 28 J 1948 m's 106.17 Sale 104727 Dec. 106.18 Dec. 28 108 1945 - Sale June 108725 108 107723" Dec" June Sale 108.25 Dec. 30 103.4 Sept. 109.10 June 5 Sale" 106.28 Dec. 13 107.17 Dec. 30 101.10 Sept. 22 166.8 June 5 104720" Dec. 22 105716 Dec". 30 Registered.... 8,952",000 Treasury 2Ms 28,666",666 Treasury 2 Mis Registered... 2,000 105.15 - 1949-1953 y ~d 102722 Sale"" 104727 Sale 105716 Sale" 102.24 Sale 105" " Sale 105.15 105.18 104.16 9974"" Sept" 102 24 Registered 1950-1952 20,283,000 Treasury 2 Mis. M~£ Dec. 5.105.15 Dec. 29 99:6 22 107.21 June 106.20 Sept. 22 107.22 June Jan. July 5 12 6 Registered.. 89", 000 1951-1953 J Treasury 2%s D 102.21 Dec. 22 103 Dec. 28 103.16 Dec. 5 104.31 Dec. 18 101.31 Dec. 8 el03.4 Dec. 28 Dec. 2 108.12 Dec. 5 10874" Dec. 1 105.11 102.21 102.4 102.12 D rl03.6 Sale ..... June 10131 Dec. Dec. 28 Dec. 28 103.8 Sept. 22 110.6 June 6 Dec. 19 103 Sept.25 109.21 June 6 Nov. Nov. 3 Dec. 29 102.12 Sept. 6 106.27 Sept.21 105.30 Mar. 30 102.31 D J ...1948-1950 _____ Dee. 22 103 Sept. 2v 106.3 106.26 1947 J 12,570,000 Treasury 2s 136,000 Treasury 2s 103 103.2 103.10 103.22 104.21 Sale ..... Aug. 9 101.28 Sept. 12 106.15 June 6 99. S 8 el03.4 Dec. 28 26 Federal Farm Mortgage Corp— 1,613,000 3%s 6,355~666 3s 2,000 3,076,000 36,000 3s.. 1944-1964 m S Registered.. .1944-1949 M N 107.12 108.3 103727 Sale 107 7l8 107.26 10876" 106.1 Sale 105.9 105.10 105.15 105.8 108.11 I077l4" Registered 1942-1947 J Registered.. 2%s 938,000 1942-1947 "3 m'S Home Owners Mortgage Corp— 5,599,000 3s Series A... 1944-1952 m N * 4,000 5,126,000 4,328,000 108.10 108.11 108.15 108 107.2 105 106.26 Sale 104722 105 107.10 Sale 105 105.5 107.26 Sale 10574" 107 Dec. 20 105.5 D~e~c.~20 Dec. 6 107.26 Dec. 104.10 104.20 104.18 104.22 104.6 Dec. 2 104.18 Dec. 28 100.15 100.24 101.21 101.24 100.12 Dec. 5 101.15 Dec. 26 102.5 3 106.26 108.21 Registered 2^s Series G 1 %s series M 105.10 Sale 1942-1944 J ...1945-1947 / j D 104 "ib Sale Sept.22 109.17 May 6 108.21 May 18 May 6 101.10 Sept. June 6 105.18 23 96.8 Dec; 21 22% Sept. 25 27% Dec. 12 24 60 Oct. 10% 9% 10% 10% 9% Jan. Feb. Sept. 22 102.12 June 2 6 foreign govt & municipals Agricultural Mtge Bk (Colombia)— 124,000 AGtd sink fund 6s_. 1947 F A 112,000 AGtd sink fund 6s 1948 A O 121.000 Akeyshus (Kingd of Norway) 4s. 1968 M S J 25% 25 % 93% 10% J J 10 H 10 H J 10 % 1957 A O O 1957 A O 1958 J D 9% 8% 814 95 X ... 852,000 iAntioqula (Dept of) Col 7s A.. 1945 J ^External s f 7s series B -.1945 J 727,000 * External s f 7s series O 1945 J 359,000 lExternal s f 7s series D 670,000 1945 J a7s 1st series... 1957 A 619,000 496,000 a7s 2d series 505,000 a7s 3d series 691,000 Antwerp (City( extl loan 5s 26 26 95 Sale Sale 11% Sale Sale 9% 10% 96 Sale 26% Dec. 1 26% Dec. 14 28 "94"" 60 Dec. 20 69 Dec. 14% 15% 14% 14% Dec. Dec. Dec. Dec. 30 21 30 15 Dec. 5 Dec. 29 14% Dec. 29 17% 17% 16% 17% 16% 16% 16% Dec. Dec. Dec, Dec. Dec. Dec. Dec. 69 66 Dec. 71 Dec. 93 Dec. 22 88 Sale Sale 79% 80% Sale Sale 26 % Sale 26 X 69 11 28 83 27 17% 14% Sale 10 17% 14% Sale 16% 16% 16% 14% 15 14% 62 Sale 18 17% 17 Sale 16 69% 10 17 11% 11% 11% 66% 15% 16% 22% 14 29 2 Dec. 11 20 3 Feb. Sept. 2 Jan. 28 9% Oct. 13 9% Jah. 28 60% Sept. 6 28 28 94% 17% 17% 17% 17% 16% Nov. 13 Nov. 13 Jan. 7 Dec. 15 Dec. 15 Nov. 21 Dec. 15 Dec. 8 16% Dec. 16% Dec. 96% Jan. 18 8 11 Argentine Nation (Govt of)— 6,456,000 2,552,000 7,217,000 3,650,000 8 f external 4 %s_ 1948 M N Sinking fund external 4%s 1971 M.V S f external eonv loan 4s. Feb 1972 F A 8 f external convloan 4s..Apr 1972 A O For footnotes see page 30 87 X 78 Mi 78% Sale Sale Sale 94% 85% 76% 77% Sale Sale Sale Sale 94 85% Dec. 76% Dec./ 77% Dec. 94% Dec. 2 1 88 1 81% Dec. 26 81% Dec. 26 1 Dec. 29 88 Sept. 81% Oct. 70% Oct. 70% Oct. 22 17 18 18 95 May 31 88% Sept. 6 81 % Dec. 26 81 % Dec. 26 Sales for STOCK N. Y 20 ' Price BONDS- 12 Mos. ! N. y. STOCK 1E1 s™ 1939 State) exti-6%s~{945 Belgium 26-yr external 6%s {949 J AExternal sinking fund 6s ABrazil (U S of) external 8s AExtl s f g 6 %s of 1926 ~ ' AExtl s f 6%s of 1927ACent Ry 30-year g Brisbane (City) s f 5s - MN J J A 20 MS 06 M 4,792,000 5,922,000 1,933,000 2,523,000 977,000 4,653,000 303,000 76.000 113,000 184,000 21,000 350,000 12,000 315,000 422,000 1,170,000 910,000 450,000 449,000 823,000 - - - 650,000 287,000 219,000 226,000 147,000 368,000 414,000 314,000 288,000 164,000 156,000 364,000 289,000 375,000 387,000 386,000 27,000 16,000 29,000 - 15 Sale Sale 1_ fSale 15 M Sale 13 13 % Sale 55 56 M 51M J J 37 % 56 41M 40 J J 35% 35M M JV 111% 110M 103% 103% 102M 98 % Sale Sale 104 M 104M 103 Sale 7X 63 18% 31% 21% 34 % 30 22% 56 M 15 13M 15 97 M 103 X 6 13M 12M 12M 15X 15M Sale 12 18 15% 18 Sale Sale Sale Sale Sale Sale Sale 16 Sale 16 18 16 17% 19 Sale Sale 16 18 16 15 % 12 M 15 X Sale 12 M 15X 15M 15X 12 15X 17 12 12% 15M Dec. 4 Dec. 28 Dec. 7 13 57 Dec. 28 57 M Sale 56 Dec. 8 38 M 40 38 Dec. 9 13% U% 12% Sale Sale Sale Sale 93 % 96 M Sale Sale Sale 88 M Sale Sale Prices Sept. 20 103% Mar. 10 Sept. 20 103% Mar. 15 Mar. 10 52% Sept. 20 99 6 17% Jan. 7 Sept. 6 6% Sept. 22 20% June 23 53 Mar. 9 65% Sept. 21 108 Feb. 24 67 Sept. 21 108 4 Sept. 21 116% Mar 1 Sept. 19 21 % Aug. 2 Oct. 18 19% Mar. Jan. 13 28% Mar. 11 Mar. 17 Sept. 1 23 Sept. 1 22% Mar. 11 9 21% Mar. 11 Sept. 1 60% Sept. 29 98% Mar. 10 58 Sept. 20 98% Mar. 10 Mar. 10 65 Sept. 27 102 6 11% Jan. 13 Sept. 6 71% 6% 7% 11% 9% 9% 55 13% Dec. 12 11% Dec. 15 30 57% Dec. 26 40% Dec. 6 14% Dec. 6 Dec. 4 14 i5~" 13 % Sale Dec. 16 15 Dec. Nov. 13 13 15 Dec. 12 11% 15% 11% 15% 11% 15% 11% 15% 11% 15% 11% 15% 11% Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 19 17% Dec. 30 12% Dec. 29 14 17 16 13% Dec. 30 13 17 11 13 13% Dec. 30 16% Dec. 30 13 13 12 16% Dec. 29 13% Dec. 30 14 13M 17 Sale 13 M Sale 17 Sale 13 M Sale 16M Sale 13 Sale 17 11% 13 % 17 Sale 13 M 17 Sale Sale 17 M Sale 14 9% 11 10 15 9M 35 7 13 9 20 Sale 31 31 % 26M 26 X Sale 30 Dec. J 12 13% Dec. Sept. Apr. Apr. Dec. 14 "21" "35" 20 M . 30 Dec. 30 14 165-* Sept. Apr. Apr. 18 May Apr. Apr. Apr. Apr. 30 12 Jan. 3 18% Jan. 9 16% Jan. 18% Jan. 14 16% Jan. 3 18% Mar. 11 16% Jan. 16 18% Jan. 3 17 13% Dec. 30 16 Dec. 15 12 13 Dec. 30 Dec. 10% Dec. 12 Dec. 12 Dec. Dec. Dec. Dec. 10% Dec. 13% Dec. 9% Dec. 18 18 15% 12% 15% 12% 15% 11% 15% Dec. Dec. Dec. Dec. Dec. Dec. Dec. 29 July 15 12% Dec. 30 6 14% Dec. 29 Apr. Apr. 14] 16] 14% 16% 14% 16% 14% 14% 11 10 Dec. 29 Oct. 10 Dec. 18 9 Dec. 18 13 1851 16 Va 1851 18 14 13 Jan. 13 10% 14% 10% 14% 4 10 23 13 16 13 14 6' 29 18 June Dec. 30 Dec. 5 Apr. Apr. Apr. Apr. 1 11 32 . 24 June 27 104 102% June 88% Dec. 19% Jan. 32 Jan. Jan. 27 24% Mar. 27% Mar. Jan. 23; 1851 Mar. Sept. Sept. Dec. Jan. 29 111% Jan. 20 111% Jan. 20 104% June 28 106% Aug. 2 Nov. 14 6 32% June Sept. Sept. .Sept. Sept. Sept. Sept. Sale 12 12% Sept. 26 11% Nov. 18 13% Dec. 10 June 58 Sent. 1 13% Dec. 13% Dec. 20 July 58 7 Sept. 58% June 6 60 June 6 47% Aug. 17 96% Dec. 12 101% Dec. 1 107% Dec. 103 % Dec. 94 Dec. 5 96% Dec. 93% Dec. 88M Dec. 11 1 96% Dec. 94% Dec. 84% Dec. 12 88% Dec. 88% Dec. 83% Dec. 11 10 17 70 Feb. 44% Apr. 44% Apr. 44% Apr. 47 May 32% Apr. 15M 13 M 10M Sale S O F A 21% Sale 21% Sale 25% 25 M 27 25X J D 96 MN 93 J A O MN {942 222,000 Dominican Republic s f 5%s 1st ser 5%s of 1926----90,000 {940 2d series sinking fund 6 Ms {940 110,000 Customs Adm 5%s 2d series..1961 167,000 5%s 1st series {969 106,000 5%s 2d series {969 78,000 1945 23.000 ADresden (City) extl sf 7s El Salvador (Rep) 1st s f 8s A—1948 ACertificates of deposit 167,000 1967 111,000 Estonia (Republic) 7s 708,000 Finland (Rep of) external 6s___-1945 102,000 APrankfort (City of) s f 6%s_-— {953 645,000 French Republic 7 %s stamped-_ {941 7 %sunstampea 1941 57,000 External s f 7s stamped 1949 260,000 7s unstamped 1949 17,000 German Gov't International— a3 5-year 5%s stamped 1965 4,454,000 a5%s unstamped 1965 964,000 a5%sstpd (Canadian holder).1965 39,000 3,314,000 AGerman Republic 7s stamped-.1949 30 June 30 June 29 29 Apr. Apr. Apr. 8 June 30 16; 16 Jan. 4 Jan. 17 Jan. 17 Jan. 17 Jan. 3 14 Jan. Jan. 3 Jan. 11 17 11 10 Jan. Jan. Jan. Jan. Jan. 10 5 29 Sept. 18 20 Dec. Jan. Oct. 9 F A F A J J unstamped — 20 M 94 X 75 Sale Sale 51 Sale" 46 M Sale 53 56 70 75 104 102 59 M 103 72 Sale Sale 74 70 74 Sale 26M 26 M 26M Sale 19 22 Sale 108 29 26 X Sale 51M 79 M 29 57% Sale 44 41 % 54 % 70% 104~" 16M 100% 100M 99 X 55 M Sale" 99 57 M 71M 102 % 100M 73 12 M 13% 13% 103 X 100 Sale 12M 76 Sale Sale 61M Sale 57 97 M Sale 56 Sale 48M 57 66 71 72 70 % 64 M 62 70 68 71 68 68 M S 57 66 69 Sale A O 65M 69M 68 75 A O 60 69 68 M S A O A O J J M S 13M 20% July 31 D 30 Sale Sale 60 54 Dec. 2 75 70% Dec. 14 66 24 A O 1964 f g 7 Ms— f g 7s 5s For footnotes see page 30. 73% Dec. 74 65% Apr. 25 M , Dec. Dec. Dec. Sale Sale 65 Jan. 4 74 Dec. 7 71 Dec. 26 26 6 71 70 Dec. Dec. Dec. 6 65 Jan. 9 Dec. 9 11 Dec. 9 10 Oct. 23 17 Dec, 1 Dec. 4 67% Dec. 1 11% 11% Dec. 19% 101% 104 100% Dec. 1 12 5% Sale 11 % 6 7% 9 20 12% 23 % 14% 18% 14%. 21X 19M 73 M F A 9M 9M 28 M J D 76 M S 73 J J F A MN . 54 M 80 M ----- 16 90 84% Sale 79 Sale Sale 64 M Sale ■ 9% Sale 7 60 12 H 11 11X 13 M Sale 107 M Sale 9 103 M 10 M MN 14M 18M 14M 81 % 10% 20 20 10X MN 23 M Sale 7% 75% 7M 7M 20M 90 67 % 24% 8 Dec. 27 14 106 13 100 Dec. 1 Dec. Dec. 13 Dec. 12 113% Dec. 6 8M 10 30 97 M Sale 68 2 Ih 91 70% 68% Sale 7% Dec. 4% Dec. 16 9% Dec. 1 19 6 Dec. 4 Sale 9% 12 9% Dec. 6 7% Dec. 29 Dec^ 11% Dec. 8 13% Dec. 20 20 % 16% Dec. 28 16% Dec. 28 19 16 90 Sale 10 M 30 Sale 30 93 Sale Dec. 8 14% Dec. 19 7 82% Dec. 9% Dec. 27 8 Dec. 20 24 Dec. 26 19 7% 7% 6% 6% 21% Dec. Dec. 11 Dec. 15 Dec. 15 4 Dec. 8 90 Ded. 9 65% Dec. 75 67 Dec. 2 51 52 54 46% Dec. 14 78 Sale Sale 79 Sale 78 60% Sale 60% Dec. 30 61 Dec. 29 25 47 65 % 32 Dec. 1 Dec. 7% Sept. 78% Sept. 98 Sept. 98 Sept. 24% Feb. 27 37% June 14 Sept. 7% Dec. 30 6 Oct. 7 Dec. 15 8 Dec. 30 22% 90% 70% 71% 51% Dec. 7 80 Dec. 7 Dec. 29 Dec. 16 Dec. 28 Dec. 6 61% Dec. 7 14 5 6 8 June 12 5 20 106 Jan. Dec. Dec. 9 s 19% May 31 110% June 14 21% Jan. 24 11 1 Feb. 5 Sept. 5 4% Dec. 19 17% Jan. 14 7 Sept. 5 6 Sept. 20 1 13 7 Feo. 17 1 Dec. 85 21% June 100 107 May Dec. 8 75 July 31 72% Aug. 3 20% June 23 Jan. 60% Dec. Dec. 15% Dec. 13 3 73% Aug. 11 July 26 73 Aug. 16 125 Oct. 8% Oct, 23% Oct. 16% Dec. 15 Sept. 13% Oct. 71 Apr. 5% Sept. 7% Oct. 19 Aug. 105 102 7%- Sale 7% Sale 6% 8M ----- 13% Dec. Sept. 35 110 ■8% Sale 3 73 23 8 Mar. 10 Dee. 28 11 107 M 105 % Mar. 10"^ 97% Jan. 70 13% Dec. 28 28 101 71 32 19 Feb. Mar. 11 105 Jan. Sale 12 75% Dec. 66% Jan. 10 4 July 75 76 66 72 9 Jan. 104 68 74 ---- Sale 33 23M 27 M 21 78 13 Jan. 60 12 17 23 11M 26 13 3 June 99 May 49% Apr. 100 Aug. 63 Sept. 6 Sept. 12% Dec. 62% Dec. 54 % Dec. 42% Dec. 90 9% Jan. 106 Jan. Sale Sale 24 M 26 108 Dec. Jan. 14 5 Feb. 16% Nov. 65 71 71 13 21 10 11 20 24 24 100 65 70 M 27% Mar. 27 Apr.. 96% Mar. 94% Mar. 65 July 61 July 80% Jan. 101 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 27 Dec. 28 40 9M 9 12 71 42 Sale 9 70% Dec. 21 90 102 20 M Mar. 18 Sale 107% 118 1960 MN Italy (Kingdom) extl s f 7s 1951 Italian Cred Consortium 7s ser B '47 Italian Public Utility s f g 7s—1952 Japanese Govt extl s f 6 Ms 1954 Extl sinking fund 5 Ms 1965 17 40 Dec. 21 Sale 108M H8M 21 .—1968 F~~A paid 1968 Haiti (Rep of) 6s series A 1952 A O AHamburg (State) 6s -1946 A O AHeidelberg (City) extl s f 7 Ms—1950 J J Helsingfors (City) ext 6 Ms 1960 A O Hungarian Cons Municipal Loan— Irish Free State external 38% Dec. 47% Apr. 100 ___1949 1945 ASecured s Septl946 ^Hungarian Land Mtge 7Ms A--1961 aS f 7 Ms series B 1961 Hungary 7 Ms ext at 4M to 1979 1 Dec. 23 a6s part s 47% Dec. 56 34% Dec. 15 34% Dec. 15 26% July 2n 30% Mar 4 18 Dec. 67 M 106 Sept. 20 40% Dec. 67 42 23 Bks— Agric L'n) 6%s ser A.1958 J D AGreek Govt secured 7s 1964 MN ASecured 13 Oct. 22 1 70 Sale 107 M A (Cons a7s part paid aS f secured 6s Dec. W* 22 Dec. 51 19% 16% Dec. 28 101% Dec. 28 103% 101 Dec. 28 102% 99 Dec. 28 100% 1 Sale 57% 55% Dec. Dec. 20 102% 102 % 100 4 73 Dec. 75 75% 12 Dec. 22 12% 12% 12% Dec. 21 76 Sale 8 62% Dec. 58 54% Dec. 18 62% Sale 9 56% 42% Dec. 74 Dec. 21 26% Dec. 22 19% Jan. 28 19% Jan. 28 Sept. 25 71 "15" 103 X D 27 25 103 J 34% Dec. 15 34% Dec. 15 26% Dec. 22 103"" 20 D J 23 26% Dec. 22 26% Dec. 14 26% Dec. 14 40% Dec. 18 9 38% Dec. 71 17 15M 23 Dec. 100 97 105 X MN J 67 9 MN Dec. 30 70 102 % 103 102 30 Sale ----- German Prov & Communal 1 Dec.., 1 55% Dec. 105^ 14 , 1951 MN 328,000 ACosta Rica (Rep of) 7s 135,000 Cuba Rep of) 5s of 1904--{944 M S 5s ext debt Ser A of 1914 225,000 {949 F A 4%s external loan 137,000 {949 4,601,000 4%s external debt {977 30-year s f 5%s — - — {953 468,000 APublic Works 5%s._June 30 {945 698,000 232,000 ACzfechoslovak (Rep of) extl 8s_.{951 ASink fund 8s series B__— _.{952 118,000 4,904,000 Denmark 20-yr external gold 6s_1942 External g 5%s 2.797,000 --{955 External g 4%s 1962 3,896,000 204,000 133,000 51,000 65,000 333,000 28,000 5,426,000 257,000 1,957,000 4,054,000 3,676,000 1 Dec. 23 Sale 15% Sale 12M Sale 16 % 15M 12M Sale 15 M 17 11% 15% "20"" 12% Sale 15 14% 12%* 15 13% 15 19 1 Dec. 57 13 O D Sale Prices 53 (Republic of)— a6s of 1928Oct {96{ 4,425,000 AExtl s f g 6s_ - Jan 3,127,000 {961 69,000 AColombia Mtge Bank 6%s—-{947 ASinking fund 7s of {926 142,000 {946 ASinking fund 7s of 1927 33,000 {947 2,059,000 Copenhagen external 5s --{952 Goid4%s 1.507,000 {953 * ACordoba (City) 7s 11,000 {957 *a7s stamped — {957 298,000 193,000 Cordoba (Prov) Argentina 7s_-^1942 141,000 14,000 127,000 77,000 392,000 191,000 115,000 66,000 505,000 1939 Highest 64 15% 11% 15% 11% 15% 11% 15% 11% 10M 16 15 Dec. Dec. 12 H A M S Sale 13 Dec. 57 14 Sale MN J 16M 16M 12X 14 {951 16M Dec. Dec. 57% Dec. 27 12 Sale MN f 6%s—1950 Sale Sale 12 10M M 16M Sale 12 15M Sale 12% 13 M {96( 16M Dec. 29 13 13% 10% -29 12M M S 13 X Dec. 29 16 9 O 1960 Sale 9 Dec. 29 Dec. 15M D {96J {961 {962 {962 86 M 6M Dec. 29 1 11% Dec. 1 100% 89 % Dec. 84% Dec. 12 94% 1 101% 98% Dec. Dec. 1 12 14% Dec. 5 ir 11% 16% Dec. 15 19% 13% Dec. 14 15% 15% 13% Dec. 15 4 14% 11% Dec. 77 69% Dec. 15 77% 73% Dec. 27 78% Dec. 18 86% Dec. 19 7% 54% Dec. Sale Sale 9 Dec. 23 80% Dec. 26 7 9% Dec. 13% Dec. 11 Sale Sale 106 M 86 M Dec. Sale Prices Dec. 22 !45h 57 57 Sale Sale 9M 72 69 63 Sale Sale 18 6% 101X 89 X 94 Vs 18 16 92 M 86 Sale 95 A {961 Sale 56 Sale 58 M 42 M 12 30 28 A O 8X ----- 85M a _ 70% 78 ■ assented—-- Sale 92 M 50 - 14 73 O M N Sept {961 M S Sept {961 M 5 {962 M S {962 M S 6s {963 MN 13 77 55 % 55 M Feb {96{ F A Jan {%{ J J ? {961 J J Sale 101M 13M 50% Sale 50 M Sale ^;--=^lr96e 15 Sale Sale M S T Sale 77 55 ^ 20 1 18 M 14 % Sale M S A 105"" 99 94 %. Sale 101% 103 X 12% Sale 77 .... A , Sale 7 97 M 97 M 11 J J M S J J AGuaranteed s f gold 6s a6s assented. -—AGuaranteed sink fund 6s *5s assented AChilean Munic Loan 7s a7s assented ACbinese Hukuang Ry 5s a7s 9 19 97 Bank of gusfb%s.{957«7 D a6Hs assented.-1— --1957 J D D AGuar s f gold 6%s — {96J Colombia 324,000 12\ Sale A AChile Mtge ACologne (Germany) s 21 Sale Sale D {954 {950 {960 ---{960 {960 ARy ref extl s f g 6s a6s assented AExtl s f 6s int ctfs a6s assented AExt sinking fund 6s a6s assented—-— AExternal sinking fund a6s assented - Sale D Republic ext s f g 7s {942 M1V a7sassented. {942 MTV AExternal sinking fund g 6s___{960 A O a6s assented - — -- t.~{x§® A O AExternal s f gold 6s 1 eb {96{ F A a6%s Sale 9&M F AChile .- 90 87 M Sale J i AOs assented..- 11M J {967 J J AFarm loan s f 6s A^S"Gct"coupon om- 78% Sale Sale 7M Sale' «8* 96 M S - a6s July coupon on Sale 9X 12 10% -{960 AO ^^.-{952 MN Aug 15 1945 F A }qa1 $ ACarlsbad (City) s f8s__ACent Agric Bank (Ger) 7s AParm Loan s f 6s 73 X 10 (Dominion) gold 4s 30-year gold 5s — lC-year 2%s_. 25-year 3 Ms 7-year 2 Ms 30-year 3s 30-year 3s Sale Sale Prices Sale 19M - Canada 84 12 - - YEAR Lowest Highest 72% Dec. 13 Dec. 14 Sale Sale .05 3 Lowest Ask 83 M 20 F RANGE FOR IN DECEMBER Dec. 30 Sale .15 J {958 {941 1n^ -1957 430', 000 378,000 Sinking fund gold 5s 431,000 20-year s f 6s___._ --{950 375,000 ABudapest (City of) 6s_-_1962 Buenos Aires (Province of) 15,000 a6s stamped 2,911,000 Readjustment 4%-4%s {977 859,000 Refunding s f 4%-4%s —{976 Extl readjust 4%s-4%s 433,000 {976 Extl s f 4 %-4 % $ bonds 701,000 {975 333,000 3 %s external s f $ bonds 1984 Bulgaria (Kingdom of)— ASecured s f 7s— ~ 151,000 {967 AStabilization loan 7 %s—---1968 181,000 22 M | Ask Bid 78 M 76 Sale 16 P 1957 1952 1957 1958 7s .01% Sale .01M Sale 98% Sale J M S ABavaria (Free External s f 6s -{955 Externals f 7s. —---{955 ABenin (Germany) sf ,6%s__— {950 Dec. 1 Bid (Continued)-4,026,000 Australia 5s of 1925..-July 15 {955 2,591,000 External loan 5s of 1927 {957 3,921,000 External g 4%s of 1928 -{956 504,000 AAustrian Govt s f 7s — {957 89,000 2 229,000 2,219,000 2,060,000 455,000 241,000 3,253,000 6,168,000 6,027,000 3,242,000 PRICES Jan. 3 EXCHANGE FOREIGN GOVT « EXCHANGE-BONDS Dec. 6% Sept. 6% Dec. 16% Oct. 86 Sept. 45% Sept. 39% Sept. 30 Sept. 64% Aug. 50 Aug. 18 5 17% Jan. 14 27 Mar. 16 22 Jan, 6 30 June 18 27% Mar. 3 25% June Dec. 85 12 19 18 105 July Mar. Jan. 13 12 6 5 11 Mar. 11 Mar. 13 10 Mar 11 10 10 Mar. 15 30 Jan. 10 113 Feb. 20 76% Jan. 9 75 Jan. 6 61 Nov. 2 85% Jan. 18 65% Jan. 5 Jan., 1940] N. Y. stock exchange-bonds _ Sales for PRICES IN DECEMBER Price 12 Mos. BONDS n. y. stock exchange 1939 RANGE FOR YEAR 1939 Jan. 3 1939 $ 163,000 64,000 42,000 703,000 113,000 1,000 68,000 37,000 202,000 FOREIGN GOVT (Concluded) ^Jugoslavia (State Mtge bk) ts-1957 ALefpzig (City) external s f g 7fl--1947 a Lower Austria (Prov) 734s 1950 iMedellin (Colombia) 634s 1964 44,000 11,000 10,000 i % % 1954 12 Dec. 30 16% 1034 1534 14 Dec. 26 71% 70 75 6934 Dec. 6 % "l% '34 1% 1% 8 1 1 "l% % 1% 1% 1% % % % u % x 55 % 234 71,000 AMontevideo (City) 7s 1952 48,000 a6s series a 1959 911,000 New South Wales ext s f g 5s—1957 1,037,000 External s f g 5s_ 1958 1,359,000 Norway 20-year ext s f 6s 1943 1,931,000 20-year external s f 6s 1944 2,251,000 External sinking fund 434s—1956 3,179,000 External sinking fund 434s—1965 3,115,000 4s sinking fund extl loan 1963 89,000 Municipal Bank ext s f 5s 1970 73,000 ANuremberg (City) external 6s_. 1952 1,500,000 Oriental Developments 6s—r—1953 1,325,000 External deb 534s 1958 1,007,000 Oslo (City) 434s extl sink fund--1955 366,000 APanama (Rep) external 534s--1953 94,000 AExtl s f 5s ser a---May 15 1963 2,951,000 AStamped (assented) 1963 45 Sale 7A Sale 734 7% 45 49 52 100 Sale 9954 104 9* 10534 104 54 103 x 101 % 10034 Sale Sale 1 '4 ----- 1% 1 2% % '49% Sale" 52% 54 Sale 50% 54X 100% 101% 98 101% 53 50% 5% 11 60 Sale 7 Sale 1% 46 Sale 31 Sale a7s extl loan of 1926 54 "94% Sale "9l"" 91 Sale 76 77 78 Sale Sale 92 34 95 80 7534 Sale 10 1734 58 56% Sale 5734 51 50% 5134 5234 50 71 80 84% Sale 64 104% 106 10234 10634 102 70 75% 7234 Sale 68% '70% 6934 6% 8% *9 7% Sale Sale 8% Sale 12% 12% 12% 11 9 Sale 12 634 734 934 Sale 934" Sale- 934 Sale 734 634 934 1234 834 11 7 Sale 10 634 10 734 "1134 734 8 —- Sale 94 Sale Sale 89 11% 8 % 7% a7s Municipal loan 1967 326,000 2,490,000 Rome (City) external s f 634s--1952 273,000 ARoumania (Kingdom of) 7s—-1959 AFebruary 1937 coupon paid 20,000 J 1953 J 14,000 ASaarbruecken (City) s f 6s Sao Paulo (City of)— a8s extl secured s f 1952 miv 233,000 a6 34s extl secured 8 f— 1957 miv 674,000 San Paulo (State of)— § 9 Sale Sale 7% 7% 7% 7% 7% Sale 7% Sale 68 % Sale 61 15 10% 18 17 24% 8% 7 634 9% 8% 9% 8% Sale 14 — 11 6 Dec. 14 1 34 Dec. 11 Dec. 53' 19 Dec. 29 3934 Dec. 26 8034 Dec, 27 80 11 Dec. Dec. 68 7 Dec. 7 Dec. Dec. 27 Dec. 19 Dec. 20 77 Dec. Dec. Dec. Dec. 21 14 16 Dec. 64 Dec. 28 52 15 85 11 8 103 Dec. 15 Dec. Dec. - 634 Dec. 27 18 734 Dec. 19 4 9% Dec. 21 934" Dec. 21 9% Dec. 21 18 Dec. 29 734 Dec. Dec. 15 Dec. ll* 18 Dec. 11 Dec. 7 12 1134 Dec. 9 Dec. 934 Dec. 13 7 834 Dec. 22 834 Dec. 6 Dec. 27 11 Dec. 27 1134 Dec. 4 12 Dec. 14 1134 Dec. 15 12 Dec. 1 1 99 Dec. *22 9 92 Dec. 22 13 Dec. 94 91 Sale 86 Dec. 13 Dec. 4 Dec. 4 934 Sale 734 Dec. 19 634 Dec. 20 834 Dec. 5 734 Dec. 29 834 Sale 734 Sale 734 834 734 834 5934 Sale 734 Dec. 20 634 Dec. 19 8 834 Dec. 29 104 Oct. 16 Jan. 20 9 10634 June 23 8834 July 28 8334 July 26 Jan. Jan. 5 Sept. 22 Sept." 5 Sept. 2 Sept. 21 Sept. 21 Sept.18 434 Sept. 19 634 Sept. 19 434 Sept. 26 1334 1334 1234 1234 Mar. Mar. Mar. Mar. 11 10 11 11 42 July 12 3634 june 7 50 Jan. 5 42 Mar. 15 54 May 31 Sept. Sept. Sept. Sept. 7 Sept. 75 Sept. 5534 Sept. 8 44 June 15 634 634 434 534 Mar. 11 1734 Mar. 14 70 Feb. 28 1934 Aug. 1 1934 Aug. 1 10634 Mar. 17 107 Oct. Mar. 10 3134 Mar. 1 1434 Mar. 11 1334 Mar. 11 634 Jan. 534 Jan. 7 5 2 103 Dec. 7 8 Jan. 1934 Mar. Sept. 4334 Jan. 534 734 "634 634 634 434 June 22 59 55 9934 Apr. 50 7234 Dec. 30 Dec. 11 9 10154 Mar. 10 10134 Mar. 9 10534 Aug. 17 10634 Mar. 14 Jan. 105 4 10334 Mar. 10 3 10134 Jan. Dec. Dec. 29 58 Mar. 11 24 14 14 20 15 1534 Mar. 11 June 55 7 Dec. Dec. Dec. Sept. 48 July 43 % July 7634 Dec. 27 1234 Dec. 16 May Mar. Mar. Nov. Mar. Jan. 54 Dec. Dec. 78 Mar. 15 134 134 134 134 134 5634 16 _ 6134 60 34 7634 734 95 19 134 May 25 134 Mar. 15 1 6 28 22 8334 Dec. Dec. 1134 9834 7 34 55 27 Sept. Aug. Oct. Oct. Sept. Sept. 95 14% 12 Sale 1234 834 734 634 6% 3134 3134 86 7 34 Dec. 27 14 34 Dec. 7 834 Dec. 20 7 Dec. 22 . 9 1 834 Dec. 834 Dec. —#jt. 5 834 Dec. 11 1034 14% 12 rA 7 6134 60% 7634 1134 5534 "12"" 10% 10% 1946 9 % Jan. 34 Jan. 34 Dec. m Dec. 34 Sept. % Dec. 34 Aug. 3134 Sept. 7 7 Dec. 83 34 Dec. Dec. Sale 1634 7234 34 134 134 134 56 85 68 73 "71"" 8% 1968 18 Dec. 1 14 85 9234 Sale 19 _ 34 Dec. 7334 Dec. 15 94% Sale Oct. May 34 Jan. 12 34 Dec. 20 34 Sept. 26 834 Dec. 29 834 Dec. 29 Dec. Mar.. 2 Nov. 18 May 24 Jan. 12 May 25 June 14 Mar. 14 34 Feb. 34 Aug. 21 1 19 74 Mar. 21 25 34 Dec. 28 Dec. 28 Dec. 22 Dec. 13 Dec. 21 Dec. 21 Dec. 15 3934 Dec. 78% 8 l—1966 12 23 Dec. 1 734 Dec. 734 Dec. 8 3834 8034 11 53,000 ARhine-Main-Danube deb 7s ser a '50 698,000 ARio de Janeiro (City of) 8s—-1946 AExternal sec 634s 1953 2,600,000 46 Sale 34 Dec. 134 Dec. 15 7 3834 Jan. Nov. 10 64 Dec. Sale Prices Sept.20 Sept.21 8 1534 Dec. 14 34 Dec. 22 34 Dec. 28 34 34 34 34 34 30 40 39 76 Dec. Dec. 16 7 72 34 Dec. 20 1 Sale 834 Sale 38 10 168,000 APorto Alegre (City of) 8s 1961 AExternal loan 7 ms 1966 133,000 170,000 a Prague (Greater City) 734s 1952 174,000 APrussia (Free State) ext s f 634 s 1951 ASinking fund gold 6s— 1952 385,000 1,112,000 Queensland (State of) ext s f 7s. -1941 25-year extl s f 6s Feb 15 1947 983,000 639,000 10 ~ 10% Sale' 10 % Sale 37% Sale — Rio Grande do Sul (State of)— a8s extl loan of 1921 a6s extl sinking fund gold 7% 834 85 Sale Sale 104 104 % 18% Sale APernambuco (State of) 7s 1947 APeru (Rep) Sec s f g 7s 1959 —an&tkraal loan extra f 6s- r- .i960 ANational loan ext s f 6s 1961 APoland (Rep of) g 6s 1940 4ks assented 1958 ASta Dilization loan 7s 1947 342,000, 4%s assented 1968 453,000 AExternal s f 8s 1950 386,000 4%a assented 1963 12 Highest Sale Prices 1934 Dec. 8 13 Dec.. 19 1 —— * ASmall 635,000 819,000 4,949,000 2,938,000 125,000 150,000 156,000 12 Dec. Dec. 12 Sale Lowest Sale Prices Sale Prices 17v 12 Saler 2,999,000 Milan City (Italy) extloan 634s-1952 Minas Geraes (State of, Brazil)— 635,000 ASec extl s f 634s 1958 477,000 ASec extl s f 6 34s 1959 488,000 1,218,000 Ask Sale 17 Highest 66% AAssenting 4s of 1904 1954 AAssenting 4s of 1910 large AAssenting 4s of 1910 small * ATreas 6s of' 13 assent (large) 1933 435,000 83,000 30,000 Ask Bid 22 Lowest Sale 12 "idli Sale" • 622,000 188,000 Dec. 30 7 -—1945 a4s of 1904 Bid 19% 40 23 38 Mendoza (Prov) 4s readj 1954 AMexican Irrigation 4%s gtd—1943 mn a4hs stamped assented 1943 m N AMexfco (u s) extern 5s 1899 £-1945 q j AAssenting 5s of 1899 AAssenting 5s large., AAssenting 5s small Ask Bid m Dec. 1 634 734 834 834 7 Dec. 29 Dec. 6 Dec. Dec. 6 5 934 8 5534 Dec. 13 734 Dec. 29 Dec. 834 734 63 34 1034 12 20 15 29 Mar. 11 8 Dec. 20 Dec. 20 Sept. Sept. Sept. Sept. Sept. Dec. Oct. 25 Jan. 19 Sale 7 7 Jan. 11 6 634 634 3734 734 20 1 1534 Mar. 11 1534 Mar. 11 Mar. 11 j an. 9 June 5 9 1934 May 19 • --1936 —1950 1956 m S *a8s extl loan of 1921 a8s external j 190,000 1,371,000 a7s extl water loan 539,000 a6s extl dollar loan. 1968 j 1,265,000 ASec s f g 7s --1940 3,235,000 1945 29,000 ASaxon State Mtge Inst 7s ASinking fund gold 6 34s-Dec 1946 j 13,000 Serbs Croats & Slovenes 868,000 1,497,000 D 7 11% 11% 7% 7% 7% 7% 6% Sale 19 1962 M n a8s secured external Sale ::::: "27" 7% 10 % 8% 13 8% 8% 7% 2234 13 34 734 1334 9% 11 Sale Sale Sale 834 734 Sale Sale Sale Sale Sale 7 Dec. 14 734 Dec. 18 13 8 Dec. 4 Dec. 11 734 Dec. 2 734 Dec. 22 1334 Dec. 30 9 Dec. 7 834 Dec. 834 Dec. 4 634 Sept. 15 534 Sept. 27 834 634 634 634 1434 Sept. Sept. Oct. Jan. Sept. 634 Sept. 14 22 mn J d 25% 30 13 5 33 30~~ _ F 100 % 5 9 Sale" 52% 49 Sale 75% Sale 51 42 43% 40 mn 13% Sale 25 39% 55% Sale 13% — — — 80 5334 3634 Sale 59 % Sale 46 Sale Yokohama (City) extl s f 6s AfN 45 14 Dec. 15 1534 Dec. 28 14 1134 1034 634 534 1434 7734 5134 3534 5434 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 28 18 15 18 19 11 19 14 89 Dec. *12 55 Dec. 80 4 39 Dec. 28 15 5934 Dec. 52 Dec. 11 52 Dec. 1 11 7 28 1034 Sept. 10 Sept. 22 2534 634 Dec. 15 33 5 28 434 Oct. 534 Sept. 26' 29 50 Sept 19103 47 Aug. 5934 333 Aug. 49 473 Aug. 60 25 4 Dec. 23 Dec. 19 16 12 Sale 1134 Sale 5 5 12 84 88 55 Sale 3834 39 Dec. 2 13 Dec. 4 7 Dec. 12 534 Dec. 6 1434 Dec. 19 Dec. 11 47 Dec. 11 47 Dec. 11 47 Dec. 11 Sale 4334 4434 4334 Dec. 16 4534 Dec. 5 4334 4534 Sale 42 Dec. 19 44 44 Dec. 14 4634 Dec. 16 45% Dec. 4834 Dec. 50 4134 4434 4734 3734 4534 4134 Dec. 11 45 41 j d 37 39 F a 41 Sale J J a 36% 58 O 3934 41 miv 834 F a —- F a ----- 1961 j d 55% 39. 31h 57% Mar. 13 14 734 2334 47 44 Sale 18 1534 Mar. 11 Dec. 12 Dec. 12 Dec. 15 Dec. 1 5534 Sale 5234 49% 52 49% 44 51 Mar. 11 Mar. 11 14 10 30% Sale 143 14! 734 634 2034 13 34 Dec. 5 15 3 19 22 32 15 43 Jan. —- §& 50 8 9 "7" 7 5834 Sale Sale 5 7 Sale" 5 Dec 7 9 27 Jan. Jan. Feb. 25 Feb. 15 Oct. 9 Jan. Sept. Dec. Mar. 47 Dec. Sept. 3 6 11 2 11 Jan. 17 47 Jan. 16 Feb. 20 44% Nov. 21 4534 Nov. 24 4934 Nov. 28 Dec. 27 9 41 Oct. 51 Mar. 11 1834 Mar. 25 2 634 Dec. 5 3 34 Sept. 18 34 Jan. 31 Jan. 4934 Aug. 26 ~~ 59 10 Jan. 37 9 634 De 5834 Dec. Jan. 35 Dec 4 2534 May 15 25 May 11 49 4034 Aug. 40 Jan. 3754 Jan. 30 35 Aug. 23 1734 Apr. 11 1034 Dec Dec. Mar. 10 36 Dec. 634 Dec. 6 5934 Dec. 27 Mar. 11 14% Mar. 11 52 3^-4-4%% ($ bonds of 1937) External conversion 1979 316,000 334-434-4'u% extl conv 1978 279,000 4-434-434s external readj 1978 573,000 334s external readjustment—1984 54,000 Venetian Prov Mtge Bank 7s—1952 61,000 1952 88,000 AVienna (City of) 6s 1958 159,000 AWarsaw (City) external 7s a434s assented 1958 269,000 1,208,000 6 7 (Kingdom)— a7s series b sec external 1962 49,000 ASilesia (Prov) extl sink fund 7s-1958 a434s assented 1958 78,000 1947 26,000 ASilesian Landowners Assn 6s 1955 563,000 Sydney (City) s f g 534s.-Taiwan Elec Pow 534s -1971 744,000 1952 584,000 Tokyo City loan of 1912 5s External s f 534s guar 1961 843,000 32,000 AUruguay (Rep) external s f 8s_-1946 AExternal sinking fund 6s 1960 62,000 AExternal sinking fund 6s 1964 20,000 3 34-4-4 34 % ($ bonds of 1937) External readjustment 1979 2,881,000 J 7% Sale 60 May 67 Mar. 11 5 11 5 railroad and industrial companies 1 061,000 160.000 170,000 707,000 261,000 73,000 336,000 130,000 72,000 127,000 3,506,000 2,504,000 5,574,000 31,000 739,000 359,000 783,000 3,287,000 46,000 575,000 4,543,000 1,325,000 - ♦jAAbitibi Pow & Paper 1st 5s--1953 Adams Express coll tr g 4s 1948 Collateral trust 4s of 1907-—1947 4^s stamped.-1946 Adriatic Elec Co external 7s 1952 Ala Gt Sou 1st cons 5s ser a 1943 First cons 4s series b 1943 J d f a 65% 66% 103% 104 103% 103 A o j D 105 % j D 103% Albany Perforated Wrap Pap 6s_1948 A 6s with warrants assented d m s J 60 o 48 5,595,000 7,040,000 3 34s debentures 1966 J d 6,166,000 161,000 Am Type Found s f debs 2 34-5s -1950 j J Amer Water Wks & el 6s ser a—1975 miv 815,000 For footnotes, see page 30, 60 56 58 45 81 1948 Albany & Susq 1st guar 3 ms Allegheny Corp coll tr conv 5s 1946 ao 1944 F a Collateral and convertible 5s-.1949 J d a5s stamped -—-1950 a o Allegh & West 1st g guar 4s 1998 a O Allegh Valley gen gu 4s --1942 M S Allied Stores Corp deb 43^s----1950 a o 4 34s debentures 1951 f a Allis-Chalmers Mfg conv 4s 1952 m s AAlpine Monfcan Steelj7s 1955 M S Amer & Foreign Power deb'5s 2030 m s American i g Chemical 534s 1949 mn Amer Internat Corp conv 534s__1949 J J American Telephone & Telegraph— 20-year sinking fund 534» 1943 miv| 334s debentures 1961 a O 53 4 47 4834 Dec. 54 Dec. 14 49% 5134 7 104 Dec. 12 10334 105 10334 Dec. 10334 105 Dec. 5 10334 10334 10334 Dec. 28 104 5 10834 Dec. 30 10734 10734 10834 Sale" 10734 Dec. 1 83 80 70 Dec. 85 70 Sale Dec. 19 10634 Dec. 11 10734 Dec. 22 106"" 15734 107"" 10734 107 Dec. 9 10734 Dec. 27 70 60 7434 5 20 6034 Dec. 27 85 83 85 20 85 12 79 7834 Sale 6934 Sale 42 Sale 5334 10534 9934 9434 11034 13 34 6034 7834 Sale 70 6834 4234 Sale 5934 65 106 Sale 10034 9934 100 96 95 9634 Sale 11034 111 31 31 63 6334 Sale 10334 Sale 10234 Sale Sale 103 Sale 104 Sale 106^ Sale Sale 115 10934 10834 10734 10534 104 109 Sale Sale Sale Sale Sale 109 Sale 26 60 Dec. 21 Dec. 29 Dec. 1 7034 4234 5834 10634 10034 9634 3834 Dec. 28 5 5834 Dec. 10534 Dec, 14 5 9934 Dec. 7 96 Dec. 110 Dec. 22 Ill Dpc. 1 Dec. 30 5 Dec. Dec. 18 5 Dec. Dec. 12 Dec. 5 1 6034 Dec. 6434 Dec. 26 10234 Dec. 28 10334 Dec. *9 1 10434 Dec. 11 10234 Dec. 108»««Dec. 21 10934 Dec. 10834 Dec. 10834 10834 10734 Dec.v 8 10834 sal® 10734 Dec. 7 10534 106 10534 Dec. 28 108 Sale 10734 Dec. 20 1 £7 10834 Dec. 22 Dec. 8 10934 Dec. 106 7 v 3434 Sept, 100 June 9934 June 10034 Feb. 35 Sept. 105 July 24 10434 July 18 10834 Dec. 30 85 Dec. 19 106 Dec. 10934 Aug. 22 102 Sept. 108 Nov. 20 3234 Mar. Apr. 60 Dec. 21 32 72 66* Sept. Apr. 22 Sept. 493 Apr. 10234 Sept. 93 Apr. 88 106 May Apr. 1334 Nov. 48% Jan. 98 Sept. 9434 Sept. 105 Dec. 27 Jan. Sept. 1 9934 Sept. 22 99 Sept. 23 10234 Sept. 12 9934 Apr. 18 Oct. 87 79 27 Sept. 22 Sept. 27 5034 Sept.28 60 108 101 97 112 40 Mar. 8 June 3 Oct. 13 Nov. 8 Mar,, 9 Jan. 6534 June 5 9 10334 Nov. 15 10434 Oct. 26 Jan. 12 8 12 112! 110! June 110! June 111! 109! Jan.\13 Dec. 7 N. Y. STOCK 22 [Sales for N. Y. STOCK 1939 PRICES IN DECEMBER Price II EXCHANGE 1939 Anglo-Chilean Nitrate— 1 165,000 304,000 77,000 4.837,000 2,089,000 6,192,000 113,000 1.267,000 126,000 571,000 55,000 3,796,000 206,000 401,000 1.232,000 32,000 48,000 347,000 1,695,000 1,645,000 563,000 1,258,000 25 M Sale 30 34 M Jan iSinklng fund income deb 1967 tAnn Arbor 1st g 4s July 1995 Q J M S Ark & Memp Bdge & Term 1st 5s '64 F A Armour & Co4ss f ser B (Del)-.1955 1st M s f 4s ser C (Del) 1957 J J Atcbinson Topeka & Santa Fe— Gen g 4s 1995 Adjustment g 4s July 1 1995 Stamped 4s July 1 1995 Conv g 4s of 1909—1955 Conv g 4s of 1905 1955 Conv g 4s of 1910-----1960 Conv deb gold 4%s_. 1948 Rocky Mtn div 1st 4s A 1965 Trans-Cont Short Line 1st 4s gl958 Cal-Ariz 1st & ref 4%s ser A..1962 At! Knox & No 1st g 5s 1946 Atl & Char Air Line 1st 4%s A. .1944 1st 30-year 5s ser B 1944 Atl Coast L 1st cons 4s July 1952 General unified 4 Ms series A—1964 10-year coll trust 5s. _-May 1 1945 L & N collat gold 4s Oct., 1952 Atlantic & Danville 1st g 4s 1948 97 Sale 98 M Sale 98 L07 % Sale 89 90% 89 % Sale 91H 95 O A Nov MN D D J 92 D D J J J M S J D J 87% LOOM 98 % L08% L08% 108% J 93% Sale D Sale J O ACertificates of deposit PLE&WVa Sys ref 4s_ Certificates of deposit 4,747,000 1,184.000 537,000 So'western Div 1st mtge 1,826,000 J J J Sale J 32% 2,887,000 6,835,000 11460000 1,358,000 25,000 5,624,000 2,431,000 3,275,000 622,000 252,000 9,000 1,380,000 13581000 1,362,000 271,000 4,000 23,000 J J nn MN 102 A Sale O 30., 96 110 Dec. 27 Dec. 23 76 Jan. Dec. 28 Dec. 1 Dec. 75 Dec. 20 89% Jan. 72% Dec. 54 May May Apr. 33% Jan. 26% Apr. Dec. Dec. IP Dec. Dec. Dec. 22 52 98 July 28 37% Mar. 9 75% Sept. 14 1 106% June 46 Sept. Dec. 19% July 59% Sept. 99 Sept. 48% Jan. 9 Sale 63 2 70 Dec. 30 Sale 29 Dec. 29 29 Sale 1 24% Dec. 5 24% Dec. 27% Dec. 22 29 Dec. 30 48 Dec. 9 82 Oct. 20 102% Nov. 13 73 Sept. 27 72% Sept. 27 Jan. 49 6 Jan. 72 Jan. Dec. 15 70 Dec. Mar. 85' 62% Dec. 65% 39% 30% 71% 103% May 31 103 July 3 111% June 20 3 112% June 115% Dec. 19 95% Dec. 28 97% Aug. 23 89% Mar. 8 71% Mar.; 9 4 81% Aug. Apr. 98% Jan. 102% Sept. 100% Sept. 29 30 Dec. 4 30 Sale 24% Dec. 6 Sale 28% Sale 28% Sale 24% Dec. 4 28% Dec. 30 28% Dec. 29 Sale 29 Sale 24% Dec. 24% Dec. 15% Dec. 14% Dec. -1 29 16% Jan. —4 16 21 28% Dec. 30 18% Dec. 30 Apr. Apr. 20 9 Dec. 5 IV* 60 Dec. 30 Dec. 29 44 Jan. 57 47 Dec. 2 43 Jan. 62 Dec. 5 33 Jan. 46 Dec. Dec. 6 34% Feb. 53% Sept. 27 52 Sept. 2l Nov. 29 59 61 65 24- 30% Sale 16% Sale 15% Sale 60 52% Sale Sale 102 45 117% Sale 129% Sale 27 18 Sale 3.7% Sale 60 Sale 57 57 Sale 45 45% Sale 45% Sale Sale 56 76 50 52 , I 35 Dec. 100% Dec. 71 80 36 Sale 73 72 Sale 75 Sale 101 100% 103 30% Dec. 30 55% Dec. 18 44% Dec. 27 42% Dec. 28 43% Sale Sale 56 Sale 25%. t-28% Sale 57 85 A 73 Dec. Dec. 12 Dec. 30 Dec. 30 56 8 102% Dec. 16 19 76 76 Dec. Dec. June Jan. Apr. 16% Jan. t 10 June 1 38 100 1 73 Dec. 9 73 Dec. 45 Jan. Nov. Sale 84% 114% 115% 115% Dec. 116 Sale 133 Dec. 133 Dec. 18 Dec. 29 15 Dec. 28 15 Dec. 20 14 Dec. 28 130 Sept. 122% Sept. 110 Oct. 108% Jan. 98% Jan. 101% Jan. 39% July 130 135 18 VP 20 116"" 84% 47% Jan. 16% Jan. 16% Apr. 40 10 In 3 10 Nov. 28 Mar. 17 6 119 8 136% Aug. 7 102 30 10 29 13 29 28 27% 10 22 13% 22 13 10 O 27% 29% 106% Sale 101% Sale 100% Sale 10 107% Sale 105 M S MN A O F A J J 106% 28% Sale Sale 106% Sale 28% Sale 27% Sale 9% Sale 48 Sale 108% 43% Sale" 44 Sale 43 Sale Sale 50 65 74 MN 108% Sale •73% Sale 109% Sale 79 Sale 79% Sale MAT 35 38% "35* ISI 42 63 Dec. 29 13% Dec. 108 105 Sale "47"~ Dec. 9 1 Dec. 1 107% Dec. 14 100% Dec. 23 109 Dec. Dec. 12 6 Sept. 14 7% Sept. 29 7% Sept. 22 13 Nov. 102% Sept. 96% Sept. Apr. Sept. 106% Jan. 4 24 Jan. Dec. 30 44% Dec. 23 4 9% Dec. 25 Jan. 23 Jan. 44 44 May Feb. 65% Dec. 26 64 57 Dec. 27 64 109% 108% Dec. 26 109% Sale 1 79 Dec. 85% Sale 1 79% Dec. 84% 41 38% Dec. 27 41 Dec. 5 38% 34 38 47% 58 MN 7 13% Dec. 14% Dec. 18 4 11% Dec. 9 13% Dec. Sale 106% Dec. 27 Sale 5 104 Dec. Sale 1 105% Dec. Sale 8 99% Dec. 7 110% 108% Dec. Sale 8 43 Dec. Sale 43% Dec. 12 Sale 1 43 Dec. Sale 8% Dec. 29 15 100 Dec. 29 18 Dec. Dec. 30 57 Dec. 100% Sept. 30 28 June 5 Feb. 16 7 26% Jan. 28 108% 105% 114% 100% 109 46% 46% 46% 11% 65% June 27 Feo. 2 13 June Sept. 13 Dec. 23 Dec. Nov. 12 9 9 Nov. 9 Nov. Sept. 27 Aug. 5 64 Dec. 111 June 29 5 14 Dec. 13 Dec. 29 71 Oct. 34 34 Sept. 45 Dec. 38 Dec. 29 40 Dec. 85% Dec. 30 84% Dec. 14 Feb. 50 Aug. 17 VP 92 Mar. Nov. 87 Dec. Sept. 113* 115* 68 Apr. Mar. 1 38 F A MN MN J 1966 1962 F 86 Sale Sale Sale A J 84% 80% 112% Sale" 84 89% 85 113% 112% 112% 112 94% 95% Sale 105% 105% Sale 112% 112% 112% D Sale 108 84% Dec. 90 84 113% 112 Sale O Dec. 94% Dec. 104% Dec. 112% 112% Dec. 108% Sale 39% Sale 39% Sale 39 Sale 39 Sale 5 Sale 8 O J O O O Sale Sale Sale Sale Sale 115% Sale Sale 118% I17,* Sale Sale Sale Sale Sale Sale Sale Sale 60 106% 90 55 89% 18% 39 Sale Sale 4% 4% 60 5 62 6% 69% 40% Sale 50 53% Sale. 102% 103% 85 86 83% Sale 103% Sale Sale 106% Sale 103 102% 103% 107% 107% 107% 108 103% Sale 105% Sale 102% Sale Sale 100 103% Sale 42 48% 102% 83% 99% Sale 53% Dec. 28 Dec. 7 102% Dec. 82 41 60 40 30 6% 3% 33 7 3% Sale & at* 6% 3% 3 9% 5% 8 5 8 4% 4% 39% Dec. 1 39% Dec. 30 6 33 Sale 4% 3% 9 Sale 7% 6% 5 8 90 75 91 93 76 80 109% 109% Sale 42 Sale 15% Sale 15 m Sale "51"" Sale 58% 103% Jan. 72% Jan. 93 Jan. 107% Sept. Oct. 26% Jan. 25% Jan. 4% Dec. 4% July 64% July 35 Apr. 47 Apr. Dec. 1 51% Dec. 18 1 103% Dec. 21 Dec. 27 Sept. 11 42 Dec. 86 Dec. 2 92 Jan. 103% 106% 107% 107% Dec. 29 80 84 Dec. 29 91 Dec. 29 Sept. 106 Dec. 28 88% Sept. 86 Sept. 87 Sept. 104% 103% 112% 62% 81% 107% 81 Dec. 28 Dec. 28 Dec. 27 Dec. 26 Dec. 23 Sept. Sept. Sept. 92% Sept. 103 Sept. Dec. 26 50% Sept. 66 Sept. Dec. 22 95 Dec. 26 67 72% Dec. 23 Sept. Sept. 60% Sept. 99 3 12 July 17 Aug. 16 Aug. 2 105* Nov. 20 113% Oct. 18 110% Aug. 31 46 Sept. 27 45% Oct. 9 10 Feb. 28 9% Sept. 27 75 Mar. 6 49% Sept. 12 60 Sept. 14 103 % Dec. 21 96% Jan. 10 117 July 20 117 July 17 121 June 10 120% June 12. 119% July 17 117 July 28 116% July 18 124% July 18 82% 100% 114% 100% 94% Jan. Jan. 21 23 Feb. 20 Jan. 20 Mar. 9 40 4 Dec. 6 Dec. 8 32 Dec. 4 6% Dec. 2% Dec. 28 2% Dec. 21 Feb. 45 105 Jan. 109 85 Apr. 96 Oct. 23 43 6 108% Dec. 16 Dec. Dec. 29 96 Dec. 14 May Sept. 52 Feb. 27 97 Mar. 16 Dec. 19% Jan. 18 Sept. Aug. 33 Oct. 31 3 89% Dec. 18 8% Dec. 13 76 32 Dec. 8 30 8 Dec. 29 5 3% Dec. 3% Dec. 4 5 8 2% Dec. 2% Sept. Sept. 2% May Apr. 5 Dec. 30 4% Dec. 14 4% Dec. 29 5 5 Dec. 30 4% Dec. 14 100 76 106 5% Dec. 27 60 108 107% 108% 108% 109 92 95% 92 95% 93% 49% 42 55 89 86 86% "87% 86 8 11 10% 8 7% Sale 38 49 Dec. 13 Dec. 12 Dec. 15 Dec.. 4 Dec. 7 Dec. 1 Dec. 4 108 37% Dec. 22 36% Dec. 22 4% Dec. 18 4% Dec. 19 9 98% Dec. 101% Dec. 12 8 102 Dec. 4 102% Dec. 7 100% Dec. 99% Dec. 13 Sale Sale 103 7 99% Dec. 101 1 110% Sale 112% 113% 110% Dec. 60% Sale 59% Dec. 12 61% Sale 81 80% 79% 77% Dec. 13 78% 4 Dec. 107% 107% 105 105% Sale 80% Sale 79% 77% Dec. 11 78% 70 Dec. 2 70% 71% Sale 69% Sale MN 6% 6% 69% 112 Sale Sale Sale 89% 87% 113% 112% 95% 105% 112% Dec. Dec. Sale MN -1954 1960 1942 82% D MN 2,162,000 Canadian Nat gold 4%s -.1957 J Gu iranteed gold 5s July 1969 2,039,000 O 1,881,000 Guaranteed g 5s —Oct 1969 A 665,000 Guaranteed g 5s .1970 D l,249.0b0 Guar gold 4%s June 15 1955 2,275,000 Guaranteed gold 4%s._. 1956 F A 2,611,000 Guaranteed gold 4%s 1951 M S J J 1,569,000 Canadian Northern guar 6%s 1946 J J 3,325,006 Canadian Pac 4% deb stock.— M S 1,417,000 Collateral trust gold 4%s 1946 J J 1,204,000 5s equip trust ctfs — .1944 D 1,730,666 Collateral trust g 5s_ 1954 J 1,349.000 Collateral trust 4%s 1960 J 16,060 t ACarolina Central 1st gu g 4s__1949 D 558,000 Caro Clinch & Ohio 6s ser A 1952 266,000 Carriers & Gen Corp deb 5s w w_1950 MN 18,006 Carthage & Adir 1st gu g 4s 1981 J D 491,000 Celotex Corp deb 4%s w w 1947 F A 64,000 ACent Br Un Pac 1st g 4s -194S J D 7,000 t ACent of Ga Ry 1st g 5s__Nov 1945 F A 577,000 AConsol gold 5s. 1945 MiV 450,000 ARef & gen 5%s series B 1959 A O 619,000 ARef & gen 5s series C 1959 37,660 AChat Div. pur money g 4s—1951 51,066 AMacon & Nor Div 1st g 5s—1946 30,000 AMiddle Ga & Atl Div pui* m 5s'47 38,000 AMobile Div lstg5s_ 1946 37,000 Central Foundry 1st mtge 6s.-.1941 M S 50,000 Central mtge 5s 1941 M S 69,000 Cent Hudson G & E 1st & ref 3%.*65 M S 60,000 Central Illinois LigKt 3%s 1966 A O 816,000 iACentralNewEng 1stguaMs.. 1961 1.970,000 {ACentral of N J gen g 5s ,.1987 433,000 AGeneral 4s — .1987 614,000 Central N Y Power 3%s .1962 2 687,000tCent Pac 1st ref guar g 4s 1949 For footnotes see page 13 Mar. 17 96 Jan. 5 June 96 Sale 1.3 % 40 J Through St L 1st gu g 4s Guaranteed 5s Central RR & Bkg of Ga 5s Dec. 89 99 7 24% Sale 24% Sale 28% Sale Sale J 822,000 ACertificates of deposit 180,000 *t ABurl Ced Rap & Nor 1st 5s..1934 A 69,000 ACertificates of deposit 34,000 Bush Terminal Ccf 1st 4s-__ —.1952 915,000 Consolidated 5s 1955 331,000 Bush Term Bldgs 1st 5s gu 1960 65,000 437.000 81,000 19 95' 58% Dec. 27 36% Dec. 26 29 4 Dec. Dec. 86 80 Dec. 8 80 Dec. 4 82 80% 88% 101% 101% Dec. 15 101% Dec. 15 101% 101% 101 69 1 63 Dec. Sale Dec. 29 63 68 67% Sale 4 70 Dec. 30 66 70 64 63% Dec. Sale -.1959 F Rys— 1956 Bethlehem Steel 4%s series D..1960 Cons mtge 3%s series E 1966 3 %s s f conv debs 1952 Cons mtge 3 Ms ser F 1959 Big Sandy Ry 1st mtge 4s 1944 Boston & Maine 1st 5s ser AC..1967 1st mortgage 5s series II 1955 1st g 4 Ms series JJ 1961 J ABoston & NY Air Line 1st gu 4s '55 Brooklyn City RR 1st 5s. 1941 Certificates of deposit Bklyn Edison cons mtge 3 Ms—1966 Bklyn Manhattan Transit 4Ms. 1966 Certificates of deposit Bklyn Queens Co & Sub gtd 5s._1941 Certificates of deposit 1st 5s stamped 1941 Certificates of deposit 18 Dec. 20 99% July 28 7 100% Aug. Feb. Dec. 2 Dec. 28 109 Dec. 19 115% Dec. 19 Dec. Mar. 91 14 Dec. 65 8 71% 68% Dec. 104% Dec. 12 106 105% 106 Dec. 1 48 47% 42 43% Sale 42 40 33 4 96 Dec. 29 103% 8 100% Dec. 27 110% Dec. 20 71 Dec. 111% July 28 7 95% June 28 Sale 100 1955 A 32% 70% Sale_ J J 37% 30% 39% Sale 24% 24% 25% Sale 6%s... 808,000 Canada Sou con gu 5s ser A 109 111 109 109% 108% Sale" 107% 108% 106% 115% 114% 115% 115 Sale 92 93 95% 91 95 99% 96% Sale "76"" Sale Sale 76 72% Sale 61 58% 62% Sale 95 99% Sept. 85% Dec. S dpt. 83 Sale Sale 107% 98% Sale J Dec. 27 26 Dec. 9 Dec. 28 Feb. 7 June 22 June 21 Sale Sale Sale J 97 Apr. 18 41% 30% Jan. 26 49% 98 91 Sept. 6 91% Sept. 5 101 91% Sept. 5 101 71 Sept. 28 34% Sept. 27 33% Sept. 27 37 .Sept. 27 36 Sept. 27 33% Sept. 27 32 Sept'. 26 33% Sept. 26 33 Sept. 27 26 Sept. 27 24% Sept. 27 62% Sept. 28 20% Sale 5s—1950 r~j 1,783,000 Brooklyn Union El 1st 5s 1950 47,000 Certificates of deposit 2,068,000 Brooklyn Union Gas Co 1st g 5s 1945 1,036,000 1st lien & ref 6s series A 1947 2,682,000 Debentures gold 5s 1950 3,192,000 1st lien & ref. 5s sefies B ..1957 661,000 Buffalo Gen Elec 4%s ser B 1981 9,000 Buffalo Niagara Elec 3 %s ser C.1967 1,514,000 t ABuff Roch & Pitts cons 4%s._1957 4' Sale 9 9 Sale Prices 19 41% Dec. 9 49% Dec. 28 Dec. 69 J Sale 3,715,000 Calif-Oregon Power 4s 96 105% Sale M S J City Electric deb 6%s__1951 Alst 96 95 96 30 Sale Prices 98% Dec. 1 100% Dec. 22 98 Dec. 14 100% Dec. 21 102 Sale 102% Sale 100% 100 100% 100 95% 103 100 76 Berlin Elec Elev & Undgrd 76,000 1939 Highest 104% Apr. 20 107% July 2 7 43% Dec. 95 Dec. Dec. Dec. Sale J Dec. 30 36 94 64 J Sale Price 94 74 .1941 MN ADeb sinking fund 6 Ms 96 Sale ... ADebentures 6s 96 94 Sale First & ref 5s series C— 1960 A 748,000 Belvidere Del cons gtd g 3%s_..1943 J J ABerlin 195,000 142,000 94 64 Certificates of deposit Toledo Cinn Div ref 4s A—.1959 J 185",666 "9l"* 90 75 953,000 387,000 536,000 Bangor & Aroostook RR 1st g 5s 1943 Con ref mtge gold 4s 1951 375,000 4s stamped 1951 413,000 1989 3,000 Battle Creek & Sturgis gu 3s Beech Creek Exten 1st g 3 %s 1951 1,167,666 Bell Telephone of Pa 1st 5s B. 1.1948 YEAR Lowest 1 105% 106% 104% Dec. 16 106% Dec. 8 85% Dec. 30 90% Dec. 85% Sale 85 Dec. 29 91 Dec. 13 86% 85% 93% Dec. 18 93% Dec. 18 97% Sale 89' ' 71 2000 MS — Sale Prices Sale 78 ARef & gen 5s series F-_.____1996 M S ACertificates of deposit. _s AConvertible 4%s -.I960 F A 15043 000 106% Highest 106% Dec. 28 107% Dec. 36% Sale 49 43 45 49% 95 95 98% 98% 100% Sale 98% Sale 99 100% 98% Sale 37% M N ^Certificates of deposit; AKef & gen 5s series D ACertificates of deposit Sale 107 Sale MN 6,065,000 JBalt & Ohio 1st mtge g 4s_ July 1948 1st mtge g 5s July 1948 A O 3,153.000 Certificates of deposit 1,503,000 iRef & gen 5s series A 1995 J D 5,164,000 ACertificates of deposit 2,871,000 ARef & gen 6s series C -.1995 j'D 3,750,000 r 110 112% M S 819,000 TO HA/r1 Qcia/wi/I Aa 1 QAti Second 4s 1948 378,000 713,000 Atl Gulf & W I SS Line coll tr 5s_1959 1953 2,012,000 Atlantic Refining deb 3s 196,000 I* a Auburn Auto conv deb 4%s_1939 1941 149,000 Austin & N W 1st g 5s guar 231,000 Baldwin Loco Works 5s stpd—1940 2,133,000 2,068,000 1,506,000 3,276,000 "17403,-000 90% Sale Sale J J % Sale 106% I Lowest Ask Ask'Bid Bid 105% Sale O A Anaconda Cop Min s f deb 4%s.l950 Dec. 30 Dec. 1 S 3.034,000 RANGE FOR Jan. 3 fla. BONDS [12 Mos. EXCHANGE;—BONOS 5 Dec. 29 fx Dec. 2 81 Dec. 20 108 109 108% Dec. 14 109% Dec. 7 110 Dec. 26 109% Dec. 11 110 Sale Sale 2 40 Dec. 44% 44K Dec. 30 18 Sale 14% Dec. 11 Dec. 23 Sale 12% Dec. 15 16% Dec. 26 Dec. 6 109% 108% Sale 108% Dec. 11 1 Sale Sale 71 71 Dec. 30 u* Dec. 18 67 67 Dec. 11 69 67 Dec. 11 "5l"" Sale 49 Dec. 28 52% Dec. Sale 7 Dec. 11 58% Dec. 11 60% 57 57% m. 12% Jan. 6% Jan. 10*1 6 Jan. 7 Oct. 21 5 6% Aug. Sept. 26 8 Jan. 16 Nov. 107 Jan. 5 Apr. 104% Sept. Oct. 108 24 Aug. 81 90 75 May 29 July 17 Dec. 42 12 Sept. 12% June 100 Sept. 64 Sept. 64 Apr. 40% May 48 Aug. Dec. 20 111% Mar. 10 112% June 26 46 Nov. 18 28 Mar. 6 Feb. 1 24 15 77% Mar. 10 110 J ah. 9 72% Mar. 63% Mar. 11 60 Nov. 3 JAN., 1940] Sales tor N. Y. STOCK 8*8 12 Mos. BONDS 1939 N. T. STOCK EXCHANGE Dec. 1 1939 Bid Bid 184,000 Central Steel 1st sink fund 8s—1941 1,181,000 Certain-teed Prod s f g 534 s A..1948 Champion Paper & Fibre— Sf deb 4Ms (1935 issue). 187,000 1950 S f deb 4Mb (1938 issue) 411,000 1950 Chesapeake & Ohio Ry— General gold 4Ms 1,195,000 ----1992 Ref & impt mtge 3Ms ser D—1996 3,382,000 Ref & impt mtge 334s ser E—1996 2,501,000 Ref & impt M 3 Ms ser F 346,000 1963 9,000 Craig Valley 1st mtge g 5s 1940 Potts Creek Br 1st 4s 1946 104" 666 R & A Div 1st con g 4s 1989 11,000 2d con gold 4s — ---1989 Warm Springs Valley 1st g 5s -1941 1,000 2,284,000 AChic & Alt RR ref g 3s 1949 2,464,000 Chic Burl & Q 111 Div 3 Ms——1949 Illinois Division 4s 1949 2,039,000 3,746,000 General 4s 1,040,000 1st & ref 4Ms series B__ 1,589,000 1st & ref 5s series A 73,000 *X AChic & E 111 1st cons g 4,159,000 t AChic & E 111 Ry g 5s 723,000 ACertificates of deposit 96,000 Chic & Erie 1st gold 5s 5,449,000 t AChic Gt Western M N M S M S M S M S MN F A Ask 115 115M Sale lllJi Sale 104 99M 103M 104M Sale 104 M Sale 79% 100 118 Ji 118 96 Sale 95 % Sale A O J J J J 13 M 98 M 103 M Sale Sale Sale 99 Sale F A 1971 F A 92 M 95 Ji Sale Sale A O 98 100 MN 22 H MN 21 Ji 80 M Sale 22 M 90 M S 24 Sale J 146,000 X AChic Indianap & Louisv rf g 6s 1947 J ARefunding gold 5s sot B 1947 ARefunding 4s series C 1947 3 J Alst & general 5s series A——1966 M N 744,000 J 419,000 Alst & gen 6s series B—May 1966 J 129,000 Chic Indiana & Sou 50-yr 4s—1956 J --1969 J 20,000 Chic L S & East 1st 4Ms 1,766,000 X AChic Mil & St P gen g 4s ser A.1989 J AGen g 3 Ms series B—-May 1 1989 J 555,000 AGen 4Ms series C—-May 1 1989 J I,710,000 AGen g 4Ms series E---May 1 1989 J 884,000 AGen 4Ms series F—May 1 1989 J 455.000 II,213,000 X AChic Mil St P & Pac mtg 5s ser A 75 F AConv adj 5s_. Jan 1 2000 A 10,209,000 880,000 XAChic & No~W«it gen 3Ms —1987 MiV AGen era 1 4s — MA7 1,172,000 187,000 AStpd non payt Fed inc tax. 1987 MiV 341,000 AStpd gen 4Mb non-pay inc taxl987 MIV AGen 5s stpd non pay inc tax. 1987 MiV 1,183,000 AGeneral 434s stamped.. 1987 MiV 11,000 * a 15-year secured 6 34s———1936 M S 834,000 Alst & ref g 5s_. 1.004,000 --^7 2037 J D Alst & ref 4Ms stamped.May 2037 J 1,530.000 D Alst & re 4 Ms ser O 1,359,000 May 2037 J D AConv 4Ms series A 7,954,000 -.1949 MIV *X AChicago Rys 1st 5s stamped Feb 1 1938 25% part paid—1927 200.000 3.139,000 X AChic R I & Pacific gen g 4s—1988 ACertificates of deposit .... 183,000 2,956,000 ♦ARefunding gold 4s—-1934^ o ACertificates of deposit ----' 1.752.000 1952 ♦ASec gold 4Mb series A ACertificates of deposit 1960 AConvertible gold 4 Ms 49.000 Chic S L & N O gold 5s Gold 3 Ms 10,000 June re-195J 15 1951 36,000 Memphis Div 1st 4s————1951 342,000 Chic T H & S'east 1st & ref 5s.-I960 Income guar 5s ...Dec 1 1960 483,000 Chicago Union Station— Guaranteed 4s ...----1944 339,000 1st mtge 4s series D — 651,000 1963 1st mtge 3 Ms series E 2,113.000 1963 3 Ms guaranteed 1951 1,063.000 2,308,000 Chicago & Western Indiana 4s.-1952 1st & ref mtge 4M» ser D 1962 1,635,000 — 1943 1,087.000 Childs Co deb 5s 13 Ji 15 10M 5Ji 5h 63Ji 14 M S A O J J J J M 5 J J M S A 91 Ji 79 M Sale Sale 60M 27 M Sale 11M Sale 3M Sale 16 16,000 5,000 "7'6OO 12,000 14,000 269.000 1,322,000 2,278.000 1,638.000 6,000 225,000 406,000 2,512.000 6,771.000 756,000 8,494,000 32,000 13,000 a5s income —1970 mtge Colorado & Southern 4 Ms ser A. 1980 Columbia Gas & Elec deb 5s——1952 Debenture 5s Apr 15 1952 Debenture 5s Jan 15 1961 J J J 6 63i 64 M 112M 23 % 21 6M Sale Sale Sale Sale 2,297,000 1st mtge 3 Ms series Conv deb 3 Ms I 11% 10 M 10 M 5M Sale Sale Sale Sale 44 H 18 M 16M 834 48 Sale 47 Sale 8% Sale 9 Sale 104 % 107 105 % 105)4 101^ 88 Ji Sale 88 Sale Sale Sale 89 96 Dec. Dec. Dec. Dec. 115 Sale 74 J W MN Sale 106 Ji 103 Sale Sale P Sale" 105 Jan. 11 108 *Oct. 118 July 20 103 M Dec. 20 103 Oct. 111 14 Feb. 24 Oct. 103 Oct. Aug. 16M Dec. 29 101M July 13 104M June 7 1 114 Dec. 5 16H 96M 15 100H 15 91H 15 Dec. Dec. Dec. Dec. 67 112M 114 6M 2 Sale 26 Sale 13M Sale 13M Sale 15 10 Sale 9M 8M a?% 3% Sale 49 6 Sale 17M Sale 5M Sale 6M Sale 5M Sale 2 2M \r> 16 Sale 15M Sale 14M 15 17 H Sale 8% 9M 9M Sale 9M Sale 3M Sale 45M 13 M 12 % 5M 5M 7 54M Sale Sale Sale Sale Sale 5M 6M 2M Sale 82 70 7 94 98 60 62 M 52 Sale 53 % 97 4 Dec. 27 Dec. Dec. 7 1 6M Dec. 4 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 6 24M 24M 24M 6M 1% 12M Dec. Dec. Dec. Dec. Dec. Dec. 13M Dec. 19 19 26 M 26 M 19 26 M 7 H 27 13 7 13 13 Dec. 13 2M 13 M 14 M 14 Vs Dec. 19 15 13M 13 M 15M 8M Dec. Dec. Dec. Dec. 12 16 M 8 14 100 1 59 1 111 8 Dec. 13 12 103 Feb. 8 50 63 M 65 £ 60 20 64 M "53M Sale 51M 66 62 9 29 1 95M 98 Sale 108 102 % 103 105 82 M 85 Dec. 6 6M Dec. 30 5 19 6 6 7M Dec. 6M Dec. 29 2M Dec. 29 4M Aug. 29 5 Apr. 8 88 H 78 M Sale 73 Sale 103 110 8iM 74 M 50 Dec. 104M 105M 70 36M Sale Sale 104 Sale 93 109 Sale 104 M 104 M 110 Sale Sale 109 M Sale 98 M i09M 26 Jan. 25 107 87 65 102 X Sept 103 33 M 104 M 70 Sale Sale 104 104 M 110 Sale 82 X 88 H 78 M 73 110 105 68 Dec. 29 Dec. 27 1 83 % Dec. 19 4 91M Dec. 82 M Dec. 12 Dec. 1 76 Dec. 4 110 Dec. Dec. Dec. 4 6 105 M Dec. 26 Dec>21 4 70M Dec. 31M Dec?> 26 103 H Dec. 103 % Dec. 103 H Dec. 38 Dec. 7 18 104 M Dec. 29 13 104M Dec. 1 4 104 M Dec. 1 109 Dec. 28 109M Dec. 110 Sale 109 Dec. Sale 128 80 Sale 123 Dec. Sale Sale 106 106 Ji Sale 108 107 H Sale 106M Sale 106 Sale Sale 107 105M Sale 107 % Sale 109M Sale Dec. 105M Dec. 18 108 2 106M Dec. 4 109M Dec. 30 22 103 M 13M 13 M 1955 24 h Sale 16 29 M 1955 11 104M Sale 15M 17 15 M Sale 13 1956 13 Ji 50 1960 "26"" 58 13 61 18M Sale 105 11 11 11 11 59 14 12 105M 104 15 16M 15 16M 15 61 59 8 108 Dec. 1 Dec. 2 12 Dec. 2 1 105M Dec. 27 Dec. 27 17 Dec. 7 Dec. 15 16M Dec. 13 Dec. Dec. MN MN 107 M 108 107 M Sale MIV 108 Sale MIV 108 M MIV 104 M Sale Sale 105«„106M 106 M Sale 109 109M 108M 109 106 M 107 105 H Sale 4 100M June 18 Dec. 20 16 Dec. 12 61 Dec. 1 6 24 97 % Oct. 13 105 M Sept. 5 111M Mar. 13 106 M Feb. 24 106$ Feb. 24 107M Dec. 22 108 % June 22 105 Feb. 9 107 M Mar. 17 3 106 101M Oct. Apr. 28 Apr. 11 93 I!* 75 68 Jan. 26 Apr. 10 Aug. 22 Mar. Oct. 85 M Oct. 79 M Mar. 11 17 17 13 7 110 106^ Jan. Dec. 4 100 M Sept. 12 105 % Dec. 26 June 30 45 Sept. 25 26 92 M 94 92 % 109 M 108 ir4 2 Mar. 10 3 104 % Dec. 29 3 104 % Dec. 1 Jan. 3 104 % Nov. 17 Feb. 24 114M June 2 Nov. 8 114 July 6 Sept. Jan. Jan. 5 111 14 128 1041 89% Nov. 14 89 106 Nov. 18 113 105 % 103 M 99 M 99 25 May 23 Dec. 30 Mar. 16 July July 20 Sept. 13 109 20 Mar. 11 Sept. 1 110 Nov. 21 Sept. 6 107 Sept. 5 108 M Nov. 17 98% Sept. 26 108 Feb. 28 98% Sept. 26 109 H June 20 12 Dec. 2 22% Mar, 99M Sept. 5 106 % Aug. 8 May 16 17 Nov. 9 Apr. 22 16M Dec. 10 H June 21 18% Oct. 3 9% May 16 M Nov. 44M Feb. 21 67 Sept. » 1965 1965 1967 1970 1966 29 Sept. 12 109 M Dec. 27 105% Dec. 22 107M Dec. 4 Dec. Dec. Aug. 31 4 Mar. 10 63 M **ar. 11 58 May 22 70 Mar. 8 Sept. 12 110M Jan. 105 M Sale Jan. Jan. 1 - 100 108 H Dec. Sale Sept, June 20 Dec. 8 ]06 92 109M Jan. 11 12 7 Jan. 7 109 108 M 107 M 23 77 85 4 110M Dec. 22 1 128M Dec. 30 108M 109 M 105 % 67 13 46 M 59 96 90 6 Dec. Sale 95 8 Dec. 42 53 H Dec. 30 51M Dec. 30 66 Dec. 19 109 M 123 87 ——■ Mar. 77 48 M Dec. 27 46 M Dec. 29 7 60 Dec. 17 29 29 21 110M June 16 Sept 25 111 63 62 Dec. 27 5 27 28 27 10 10 17 27 14 13 Mar. 15 Feb. 10 Feb. 10 15 11H July 15 Sept. 21 111M July 108% Oct. 23 111M July 4 103M July 100M Jan. 5 108 X Dec. 13 79 100 19 108M Dec. 8 67 Dec. Dec. Dec. 18 Dec. 27 4 10 Mar. 15 101M Sept. 11 109 M Feb. 99M Sept. 6 110 July 100 Sept. 6 106 M May 86 X May 22 97 Mar. 46 11 Jan. Jan. Sept. Jan. Sept. 9 Sept. 4M Sept. 83 M Mar. 69 M Aug. 63 M Feb. 70 Sept. 58 Sept. Jan. 111M 109 % Sale 108M 108 % 108M 109 —. 69 8 Jan. 18M 16M 9M 8% 10M 43 111M 109 M 110 ——. Sale 84 M 89 H 82 M Sale Apr. Nov. 14 57 104 107 M Dec. 62 3 52M Dec. Sale 3 4 61 % Dec. 107 M Dec. 67 Dec. Jan. Oct. 1 1S107M Dec. Dec. Sept. 27 Sept. 27 Jan. 19 106 105 Sale 109 M 110 4 2 Apr. 17 July 19 54 M Aug. 3 49 Apr. 11 102 H 104 M 80 13 8 70 67 59M Dec. 3 118 22 27 24 Jan. 4 12% Jan. Sept. 27 Sept. 27 6% Sept. 27 10M Apr. Apr. 27 27 27 17 44 M Sept. 1 10 Aug. 24 95 M 100 95 M Dec. 95M Dec. Dec. 108M 109M 109 110M Dec. 107 M 105M 106 M 108 107 M Dec. 22 107 M Dec~. 22 Sale 90 19 5 2 10 27 20 5 101H 109 11* 15 Dec. 28 May Sept. Sept. Sept. Sept. 18% Sept. 27 Dec. 21 6 9 3 16 M Sept. 27 14 Dec. Dec. Dec. Dec. 6 Mar. Jan. 15M Dec. 5M 4M 5% 4M 5 Dec. 12 46 M Dec. Dec. 21 9 8 Dec. 30x8 Oct. Dec. 12 7 Dec. Sept. r 30 29 25 Dec. Dec. Apr. 44M Dec. 28 13 M Dec. 27 106M Dec. 64 31 4 Sale 67 M 85 Sale Sale 28 May Apr. Apr. 9M Sept. 10X Apr. Apr. 11 u Aug. 5M Apr. 5M Apr. 5M Apr. 2 H Aug. Dec. 28 17 M Dec. 30 9M Dec. 26 Sale 75 31 19M 5M lVs 9% 6 29 1 106 M Dec. 5 107 M Dec. 108M 109 Sale Sale 108 19 H Apr. 7 29 30 9M Dec. 9M Dec. 3M Dec. 8M Dec. 14 8 3M Dec. 106 M 105 H Dec. 108 84 "53"" 18 Sept. 18 May 18 M. May 6 14 103 M 108 75 16M 8M 8M 75 112M Dec. 109 M 64 Aug. 2 X Sept. 3 May 6 Oct. It" 9M Feb. 10 14 14 88 24 M Sept. 27 Apr. Dec. 24 3 22% Jan. 21H Sept. 27 Aug. 15M Apr. 17M Dec. 8M 8M 59 Dec. 28 64 M 1 112M 112M Dec. 23 Dec. 18 25M 21 % Dec. 26 23 M ■ 80 16 M Dec. 17 Feb. 12 M Apr. Dec. 105H Dec. 30 106 90 87 M Dec. 19 91M Dec. 90 M Sale 90 87 Dec. 18 90 M Dec. 81* Said 59 M 49 46 Dec. 27 55M 55 m Dec. 12 12 Dec. 11 12 M Dec. 12M 12M 13M 108 H 109 108 H 109M 108 X Dec. 11 109 Dec. 60 17 Mar. 8 94 M Mar. 19 99M Mar. 10 9 118m Dec. 12 M Mav 54 M 51 106 H 105M Sale 107 M 107 M 107 Sale 106 107 X 105 M 105M 106 88 H 91M Sale 108 107M Dec. 19 100 78H Dec. 67 60 Dec. 13 Sept. Sept. 85 Dec. 74 H Dec. 80 55 59 M 52 15 26 M 28 Sale Sale 14 M 58 M 25 Sale 9 V Sale 28 % 35 Sale 94 109 1 125 M July 12 100 M June 6 100 % Aug. 5 16 17M Sale "16"" 105 Sale 7 Sept. 6 92 Sept. 5 91M Sept. 5 100Sept. 6 100M Sept. 26 104M 78M debentures 3Ms debentures3M8 debentures For footnotes, see page 30. - 88 M 3 Ms ADebentures 4s —J&J 133,000 ADebenture 4s... A&O 4,000 ADebenture 4s 90,000 481,000 Consolidation Coal s f 5s Consumers Power Co— 1st lien & unif mtge 3 Jis. 743.000 1st lien & unif mtge 3 Ms 728,000 1st mtge 3 Ms ; 459.000 1st mtge 3 Ms 1,720,000 1st mtge 3Ms 2,624,000 88 107% 109% Dec. 99M Dec. Sale 67 Sale 49 Ji A 1948 1956 1958 AConsol Hydro-Elec Wks of Upper Wuerttemberg 1st 7s 1956 32,000 4,896,000 Consolidated Oil conv deb 3M8-1951 1954 214,000 ^Consolidated Ry deb 4s 5,490,000 1,322.000 2,767,000 103 M Dec. 10M Dec. Sale "UVs Sale" A 1958 24775000 8,000 Conn & Passum Rivs 1st g 4s—1943 12,000 Conn Ry & Lt 1st g 4 Ms 1951 Stamped guar 4MB —1951 43.000 424,000 Conn River Power s f 3Ms A—196' 2,315,000 Consol Edison (N Y) deb 3Ms—1946 124M 99 % 99 % 107H Dec. 94 ik* 22 14M 78 85 1968 113 96 M Sale 25 23 % !4M F J J Columbia & Hock Val 1st ext g 4s '48 A O Columbus & Toledo 1st ext 4s__ 1955 F A MN 993,000 Columbus Ry Pow & Lt 4s Commonwealth Edison Co— Dec. Dec. Dec. Dec. Sale Sale Sale 14 "19" Sale" 16 95 H 100 % Sale 14 A O 111M 118 103M 110 Sale Sale J A Sale Sale 13 Sale A MN 121M 98 M 98M 104M 100 H Apr. 21 104 H June 100 Sept. 6 104 M June 109 14H MIV F 99 Ji 99 Ji 19 105 A Sale 107 M 101 16 Sale J A ' Highest Sale Prices Sale Prices 108 Oct. 23 115M Feb. 27 86 Mar. 11 68M Sept. 1 Sale A F 124 16M 16 M 19 A J 7 4 104M 104Ji 104M Dec. 9 104M Dec. 19 Sale 102M Dec, 29 104M Dec. J Sale Sale O J Sale Prices 102 M 14" 16 M 16 Terminal— 478,0001 1st mtge guar 3 Ms series D—-1971 MN 107% Sale 462.0001 1st mtge guar 3 Ms ser E—----1969 F A J 2,000 Clearfield & Mahon 1st gtd g 5s.1943 37 "65" 1993 D 580.000 CCC & St L gen g 4s Sale 76 General 5s series B— -1993 D 4,000 77 88 Ref & impt 4 Ms series E——1977 Sale 4,437.000 J 60 Cin W &M Div 1st g 4s..-—1991 J 55 58,000 60 St Louis Div 1st coll trust g 4s_l990 MN 189,000 62 69Ji Spring & Col Div 1st g 4S----1940 M S 85,000 96 1,214,000 1 112'3j 112M 111M Dec. l'll2nJtDec. 74 M 72 Dec. 27| 78 75 Ji Dec. 11M 26 Ji 24 Sale Sale Cincinnati Union 1940 Cleve Elec Ilium 1st M 3 Ms—1965 Clev & Pitts gen gu 4 Ms ser B—1942 Series B gu 3 Ms 1942 Series A gu 4Ms 1942 Series C gu 3 Ms 1948 Series D gu 334s— 1950 General 4Ms series A...—.--1977 Gen & ref mtge 4Ms series B-.1981 Clev Short Line 1st gu 4Ms——1961 Clev Union Term 1st gu 5 Ms A-1972 1st s f g 6s series B guar 1973 1st s f 4Mb series C— 1977 Coal Riv Ry 1st gu 4s — —1945 Colo Fuel & Iron Co gen 8 f 5s—1943 Sale Prices * 22 75% 7834 58.000!UChoc Okl & Gulf consol 5s—1952 MN 11% 1334 709,000,Cine Gas & Elec 1st mtge 3MS-1966 F A 10834 108 Ji 60,000 1st mtge 3 Ms —1967 J D 11034 111% 45,000 Cin Leb & N 1st con gu g 4s 1942 MIV, 100 % 101% W W Val Div 1st g 4s— YEAR 1939 Lowest 89 H Sale 85 Dec. 80 Sale 74 H Dec. 19 80 Dec. 85 M Sale 84 85 •78% Dec. 21 85M Dec. 114 118M 117 9 118M Dec. H8M 118M Dec. Sale 19 19 Sale 18 Dec. 27 19 M Dec. 18M Sale 18H Sale 17M Dec. 27 19M Dec. Sale 84 83 M 88 1 84 Dec. 87 M Dec. 22 M Sale 23 % Sale 1 22M Dec. 24M Dec. Sale 63 % 60 56 % 45 D 100 Sale D D Sale Sale" 4 J Sale 28 28 74 J 11 26% D J Sale 95M 24 % MN J Highest 103 Sale ----- 8 M S .... RANGE FOR Lowest 109 M M S ----- 30 Ask 109 103 104 M S 1977 ---1982 1st 50-yr 4S.1959 Sale 123M 124 98 Ji Sale 98 Ji Sale 104 Ji Sale 113 111M Dec. Ask Bid 101 1958 6s—1934 1951 77 109 105 163,000 46,000 2,101,000 708.000 2,449.000 PRICES IN DECEMBER Price Jan. 3 ft S EXCHANGE-BONDS 4 | 7 2 22 13 10 22 12 —. 105H Dec. 22 105M Dec. 4 103 % Sept. 22 111 May 107 M 106M Dec. 1 108 Dec. 14 100$ Oct. 4 109 ^ Nov. Dec. 16 109M Dec. «9 108M 109 M 108 100M Sept. 22 110M May 109 M Sale 108 Dec. 6 110 Dec 29 100 Sept. 22 111M May 106 M 106 M 105M Dec. 12 106M Dec 4 97M Sept. 25 109% May 11 17 23 22 25 N. Y. STOCK 24 1? S'p* Sales for 12 Mos. BONDS 1939 n. y. stock exchange si5 1,992,000 f g 6s 1946 J D 1943 J D Continental Oil conv deb 2 K8--1948 J D Crane Co s f deb 34£s —1951 J_D Container Corp of Am Deb gold 5s Crown Cork & Seal s 1st s f 4s 615,000 Cuba RR 1st 50-yr g 5s 319,000 7K® series A extended to 6s series B extended to 118,000 800,000 8,008,000 136,000 132,000 72,000 194,000 116,000 2,980,000 374,000 846,000 1,372,000 1,831,000 127,000 13,000 1,178,000 1,107,000 260,000 34,000 34,000 782,000 315,000 1,016,000 244,000 1,799,000 33 H 38M 44 O Del & Hud 1st & ref 4s 1943 MN J Delaware Pr & Lt 1st M 4Ks—1971 J 1st & ref 4Ks ....1969 J J lstmtge gold 4 Ms 1969 J J Denver Gas & El 1st & ref 5s... 1951 MN Stamped as to Pa tax t* ADen & Rio Gr 1st cons g 4s_.1936 * iConsol gold 4mb —1936 t iDenv & R Gr West gen 5s Aug 1955 iAssented (subject to plan) iRef & imp mtge os ser B 1978 t iDes Moines & Ft Dodge 4s—1935 Certificates of deposit f ADes Plaines Val 1st guar 4 Ms-1947 Detroit Edison— Gen & ref 4Ms series D 1961 Gen & ref mtge 4s series F—1965 Gen & ref mtge 3MS series G.1966 Detroit & Mack 1st lien g 4s 1995 ASecond gold 4s 1995 Detroit Term & Tun 1st gu 4Ms 1961 Dow Chemical deb 3s .1951 Duluth Missabe & Iron Range Ry 3Ms.. 1962 t* ADul So Shore & Atlantic g 5s_ 1937 Duqueshe Light 1st M 3Ms.—1965 MN J J J J F A 821,000 10288000 34.000 10667000 350,000 249,000 33,000 372",666 consol gen lien 106 104 M J M S Sale Sale 36 Sale 63 Sale I04M 101 Sale 107 106 M 106, 106 M 106 > 15M Sale 14 M Sale Sale Sale 6 Sale o 1* 33 22 A O 112M Sale 111M Sale M S 111M F A J D J D MN J D A O J J J D A O MIV J J F A MN 55 59 97 K 99 M 106 106 M 45 20 105 M Sale 16 M Sale 110M Sale 102 M 84 M 134 M 106 M 105 M 105 90 138M Sale 106 M 50 75 50 AO 95M 102 102 43M 21M Sale Sale 21 15M *ARef & impt gold 5s ser 19271967 MN *ARef & impt 5s series 1930--1975 A O "14"" AErie & Jersey 1st s f 6s_ 1955 J J 6s—1957 J J aN y & Erie RR ext 1st 4s... 1947 MN *A3d mtge 4 Ms 1938 M S Ernesto Breda Co 1st mtge 7s—1954 F A Fairbanks Morse deb 4s -—1956 J D 42 M AGenesee Riv RR 1st s f 41 85 50 I64"" M s 23 23 100M 762,000 Federal Lt & Tr 1st s f 5s 1942 201,000 5s International series .1942 9,000 First lien s f 5s stamped —1942 216,000 1st lien s f 6s stamped 1942 401,000 30-year deb 6s series B 1954 151,000 Firestone Tire & Rubber 3M8--1948 5,523,000 25,000 JiFla Cent & Peninsular 5S-...1943 1959 603,000 JFla East Coast 1st 4Ms— Alst & ref 5s series A 1974 5,013,000 ACertificates 01 deposit— Qifi nnn Auertmcanes of deposit.. AFonda Johns & Glovref 4 Ms 1952 Proof of claim filed by owner— 4,000 M S M s M s J D 14 Sale Sale Sale 94 "77M Sale "99"" 95 100M 101M Sale 103 90 87 M A O J J 38 J D M S RANGE FOR Lowest Ask Sale Prices Sale Prices Dec. 12 104M Dec. 13 105 102 M 101M Dec. 13 102 M Dec. 28 Sale 109 M 109 109 106 M Dec. 20 109 M Dec# 2 Sale 105 104 M Sale 104 M Dec. 28 105 Dec. 1 104 M 105 M 105 Dec. 20 105 M Dec. 105 M 105 5 102 102 M Sale 102 M 101M Dec. 7 103 % Dec. 26 102 M 29 M 37M 44 M 35 105 Sale" 101M Sale 103 Sale 29 Sale 47 M 38 M 103 M 102 M Dec. 1 103 M Dec. 27 Sale 28 M Dec. 31 31 Dec. 19 36 Dec. 13 37 M Dec. 37 M 34 1 42 M 45 42 Dec. 27 46 Dec. 4 31" M 32 M 32 Dec. 27 36 Dec. Sale 63 55 64M 9M Sale 9M Sale 6 Sale Sale Prices 109 110 109 104 M 105M 106 108 M 63 Sale 108 M 106*»82107 M 106213J107M Dec. 104 M Dec. 18 109 Sent. 50 107 Dec. Sept. Sept. Jan. Jan. Sept. Sept. 7 Aug. 104M 106M 5 104 M Dec. - 8M 8M 2M 2M 6 Sale 9M 4M Sale 6M 4M 5 Sale 9M 10 M 2M 2M 6M Sale 4M Sale Sale 3M 4 8 8 Dec. Dec. 9 13 2M Dec. 11 2M Dec. 12 5M Dec. 27 3M Dec. 19 9M 10 M 2M 2K 6K Dec. 29 Dec. 30 9 Dec. 6 Dec. 7 Dec. 4M Dec. 7 49 M 45 Sale Prices Apr. 10 105 M Mar. May 2 102 M Dec. Aug. 25 114K Sept. Sept. 8 106 M May 101K Oct. 2 106 M Feb. 100M Nov. 10 103 H Dec. 97 H Sept. 8 103 M Dec. 25 M Aug. 25 37 M Sept. 31M Aug. 28 42 M Sept. 36 July 17 49 Sept. 26 M Aug. 1 41 Sept. 100 96 103 M 100 103 8 107 Dec. 105M Dec. 54M Dec. 27 64 M Dec. Sale 1939 Highest 104K 104 K 106 M 62 M 106 M YEAR Lowest Highest Ask Bid 104 M 102 . Mar. Mar. 26 25 11 6 12 11 8 9 Aug. 29 Mar. 8 May 31 Oct. 5 Jan. 3H May 1 32 May 24 20 3 3 Jan. Apr. 2 Oct. Jan. Jan. Jan. 7M Aug. 2 Aug. 2 Aug. 5 14 28 12 24 18 5 5 5M Aug. 1 40 Sept. 16 Sale Dec. 109 M Dec. 28 111 110 1 111M Dec. 110M Dec. 110M Sale Dec. 110 M Dec. 15 Ill 110M HIM 110M 112 54 M 38 54 M 40' 24 22 M Dec. 28 24 Dec. 18 35 35 4 100 100 97 M Dec. Dec. 98 97 97 M 6 106 M Dec. 105M 105M 105 M 107 M 105 M Dec. 113 Feb. 4 108M Sept. 105M Sept. 112M Jan. 26 105 ~ Sept. 27 113 July 17 48 40 Jan. 23 Aug. 8 20 Apr. 12 July 3 25 96 Sept 27 103 H Aug. 17 101K Sept. 6 108M Mar. 4 106M Dec. 14 107 M Dec. 101K Sept. 22 108M May 26 Sept, 5 19M Nov. 4 Sept. 5 112M May 19 110M 111 110M 107 M Sale Sale 106 M Sale 14 17 M 109 Sale 12 109 Sale Sale 12 61 50 Dec. 27 Dec. Apr. 4 Dec. Sale 21M Sale 101M 101M 54M Sale 24 M Sale 46 20 Dec. Dec. Dec. Dec. 21M 23 Sale 19 15M 20 20 M 28 19 16M 17 M 14M 46M 46 M 51M 56 61 51 75 Sale 96 106 M 108 Sale 43 56 M 8 Sale' Sale 7M Sale Sept. 27 May 1 June 11 46 M Dec. 5 90 75 Dec. Dec. Dec. 98 M Dec. Dec. Dec. Dec. Dec. Dec. 16 104 Dec. Dec. Dec. 11 106 44 4 104 Sale 53 M 55 Sale 14 52 M Dec. 22 7M Dec. 20 Sale 6M Dec. 28 51 7M 7M 105] 431 Dec. 98 29 29 Sept. 22 Dec. Dec. Jan. Apr. 14 11 3 Nov. 22 Apr. 87K Jan. 97 Sept. 35 Apr. Sept. 23 Dec. 1 Nov. 17 Nov. 2 Mar. 14 Jan. 4 52M Dec. 5 H Apr. 5K Apr. Dec. Sept. 27 Sept. 12 27 27 Nov. 24 101 Dec. Dec. 56 M Dec. 8K Dec. 8 94 100M Jan. 4 102 M Dec. 105 M 43 M 20 M Sept. 20 K Sept. 54 Dec. Dec. 67 Apr. 102M Sept. 100M Jan. 108 104 26 19 Apr. Apr. Sept. May 17 K Dec. 54 Dec. 53 M Dec. 19 29 M Sept. 27 26 M Sept. 27 Apr. Apr. 20 M Dec. 11 26 103 M Mar. 6 June 24 Dec. 30 Feb. 54 M Dec. 24 M Dec. 23 Dec. 14 M Dec. 46 Dec. 96 98 107 M 107 M 108 103 M 103 M 103 M Sale 102 M 101 102 M 101 104 103 M 103 M 104 M 104 104 104 102 102 M Sale 101M 104 105 H 61 Dec. 25 June 23 Mar. Sale 54 50 92 Mar. 14 Apr. July 21 23 M Sale 165 Feb. Dec. 22 110M Dec. 1 105 M Dec. Dec. Dec. Dec. 18 59 Dec. Dec. 13 53 53 11M 107 M June Sept. 91M Dec. 101M 100 47 M 106M July 92 M Mar. 151 July 110M Dec. Jan. Dec. 95 M 57 14 108 M Dec. 27 109 M Dec. 105 M 106M 105 M 106 M 91 90 90 91M 91M 138 143 M 140. Sale 108 M 108 M 106 M 108 105 M 104 M 107 105 M Sale Sale 53 M 61 59 50 100 41 1953 1953 Bid Dec. 30 108 M 107 M J 1996 -.1953 4s AConv g 4s Series A a4s series B AGen conv 4s Series D_. Sale 109 AO 34,000 Erie & Pittsb gen gu g 3 Ms ser B 1940 Series C 3 Ms 1940 2,000 1,727,000 AErie RR 1st con & prior lien 4s 1996 a 1st Sale Sale 46 31M ..1946 60,000 Eastern Ry M No Div.lst g 4s. 1948 162,000 Eastern Tenn Va & Ga 1st g 5s.1956 1995 24,000 Ed El 111 N Y 1st cons g 5s 1,732,000 Electric Auto Lite conv deb 4s. .1952 1941 38,000 Elgin Jol & East 1st g 5s 20,000 El Paso & S W 1st & ref 5s_-...1965 5s stamped 1965 23,000 4,268,000 996,000 Ask 104 J 1952 1946 Dayton Pr & Lt 1st & ref 3K8--1960 A Dec. 1 1939 100' 108 M 105 1950 MIV 104 M S f 4^8 debentures 1948 J Crucible Steel 4Ks deb ser A..-1948 Cuba Northern Rys 1st 5Ks 1942 PRICES IN DECEMBER Price Jan. 3 Bid S 218,000 920,000 5,911,000 626,000 438,000 159,000 615,000 , EXCHANGE-BONDS Jan. 3 Oct. 25 Dec. 26 3K Oct. Mar. 4 20 23 ' MIV ..... *A(Amended) 1st cons 2-4s—1982 Proof of claim filed by owner— MIV 60,000 ACertificates of deposit 120,000 Fort St U D Co 1st g 4Ms.----.1941 J 3 23,000 Francisco Sugar coll trust 6s 1056 MN 363,000 Gas & Elec (Bergen Co) 5s..—1949 8,000 Gen Amer Investors deb 5s ser A 1952 467,000 General Cable 1st s f g5Ms A...1947 A J Goodrich (B F)Go 1st mtge 4 Ms. 1956 J D Silk Hosiery deb 5s w w.1946 M S Gouv & Oswegatchie 1st 5s 1942 J D Grand R & I ex 1st gu g 4Ms—1941 J 3 4,328,000 Gotham 39",066 M 99 40 104M 106"" 102 M Sale 57 M 59 61 65 57 M 59 106 M 64 15M 15 M 42 99 M 84 Mining 6s 33,000 Hock Val 1st con g 4Mb 324,000 Hoe (R) & Co 1st mtge 1,086,000 t*AHousatonic RR con g 363,000 Houston Oil 4Ms debs 209,000 For J ....1949 1999 3 1944 A Sale 17 21M 45 Sale "74" 70# Sale Sale 91M 83 M Sale Sale .3M 121M 123J 105M 100M 101; 20 M 50 79 M 70 Sale 40 2 104 Sale 101M 58 35 40 24 30 27 M 20 H 40 24 H 105M 106M 106K Sale 69 M Sale 70 H Sale 14 M 18M 21 18 M 15M 23 17 35 12M W 105 M 91M 25 25 104M 105M 104 M 78 180 "84"" 84 M Sale Sale 104 88 2M Dec. 26 Dec. 26 2K Dec. 23 100K 5 52 Dec. Dec. 29 Dec. 8 Dec. 23 Dec. 22 122 22 Sale Sale 7 Dec. 7 105 M Dec. 6 Dec. 26 101M Dec. Dec. ^20 25 Dec. 20 25 M Dec. 19 30 Dec. 27 25K Dec. 27 25K Dec. 27 105 100 25 105 M 65 17 M 14 M 14 Dec. 29 14 33 119 100 Dec. 12 107 Dec. 27 Dec. 13 103 M Dec. 88 Dec. 11 Dec. 8 Oct. Sept.27 102 X July 14 Sept. 8 Aug. 31 59 Sept. 1 125 Sept/5 105 June 22 T1 Ai* 7 May 7 Sept. 6 107K Feb. Apr. 11 80 K Sept. 27 Oct. 24 Apr. 20 21 Apr. 6 23 Sept. 25 Oct. 5 45 Jan. 11 11 1 105 K Dec. 29 1 92 K Dec. 28 6 4 104K Jan.* 6 Nov. 16 59 Jan. 5 25K Dec. 19 62 K Jan. 18 2034 Nov. 1 59K Jan. 6 95 22 Dec. 18 7 70 M Dec. 17 M Dec. 13 18 Dec. 15 Dec. 100 June 14 98 83 Apr. 14 105K Dec. 29 May 15 92K Dec. 28 ----- Sale 68 103K Jan. 80 80 H Dec. 2 72 70 98 67 M Dec. 5 Dec. 23 70 M Dec. 18 85 7 104Mf105M 105M1105M 104 M Dec. 12 105M*Dec. 8 98 Dec. 99 K Dec. 26 98 M 99 M 98 M Sale 8 89 Dec. 7 90 FDec. 89 K Sale 89M T*91 Dec. 19 *80 Dec. 27 83 80 M 81 83 82 8 Dec. 80 82 M 79M*Dec. 28 83 82 83 M 1 11221 Dec. 7 101M Sale 102K 103M 100 K Dec. 7 Dec. 90 Dec. 19 92 90 M 91 Sale 91 1 73 M Sale 72M 73K 70M Dec. 27 73K,Dec. 65 64 58 Sale 8 Dec. 13 89 67 83 81M *90 M Sale 97 M 99 106M 107M 108 3 Sale 80 80 Dec. Dec. 11 8K Sale 100 5 3J IK 1 Vs 2M 22, 100 M 10\M 100M 103M 100 K 45 49\\ 48 M 53 M 45 K IK 60 116M 118 65 67 36 Sale 5s—1937 MIV ...1954 MN footnotes, see page 30. Sale 86M 25 85 103M 104 Grays Point Term 1st gu g 5s—1947 J D 1,000 Gt Cons El Pow (Japan) 7s 72M 1944 F A 369,000 1st & gen s f g 6 Ms 63M 1950 J J 410,000 Great Northern Ry— 1st & refund 4Ms series A....1961 J 101M 2,433,000 97 K Gen mtge 5Ms series B...... 1952 J 1,814,000 87 M Gen mtge 5s series C 1973 J 690,000 82 M Gen 4Ms series D. J ..1976 947,000 82 M Gen 4Ms series E 1977 J 1,658,000 98 M Gen mtge 4s series G_ 1946 J 8,659,000 Gen mtge 4s series H 1946 J 4,996,000 Gen mtge 3Ms series I__ 1967 J 1,675,000 AGreen Feb Bay & west deb ctfs A 8,000 Alncome debenture ctfs B Feb 366,000 Greenbrier Ry 1st gu g 4s 1940 MIV 4,000 Gulf Mob & Nor 1st 5Ms ser B.1950 A O 70 142,000 67 M 1st mtge gold 5s series O 1950 A O 428,000 Gulf & 75 Snip Island 5s stpd 1952 J 5,000 93 M Gulf StateslSt'l 1st mtge 4Ms.. 1961 A O 682,000 Gulf States Util 3Ms series D...1969 MN 590,000 a Harp en 2M 1M 102 45 D 713,000 J AGeneralElec (German) 7s 1945 132,000 A Debenture 6Ms 1940 J D 66,000 aS f deb g 6s._ 1948 MN 187,000 General Motors Acceptance Corp— 15-year debenture 3 Ms 1951 2,428,000 Gen Steel Castings 1st 5Ms w w.1949 3,480,000 liGa & Ala 1st cons 5s Oct. 1945 95,000 i*AGeorgia Caro & Nor 6s 1934 72,000 AGood Hope Steel & Iron sec 7s. 1945 A O 26,000 326,000 1 8 8 17M 80 84 % 75M 18 80 90 96 H 15 12 118K Sale 75 -4 Sale 43 97 K Sale 96 K Dec. 106 86 Dec. 29 82 K Dec. 28 99 108 Dec. 8 Dec. 18 Dec. 27 — 119 " Sale 44 4 8M Dec. --- 77M 78K V47M 98 M Sale 118K Dec. 75 Dec. 1 42M,rDec. 26 1 97 M Dec. 120K*Dec. 78 H Dec. 19 Dec. 8 98 K Dec. 6 45 Aug. 7334 Jan. 58 Sept. 88* 88 81 74 X 74 88 Sept. May Apr. May May Apr. Apr. Apr. 53 Apr. 5 H Apr. 103 Apr. 73 May K* 66 69 Jan. 85 92 98 June1 May Sept. 4 106K Mar. 1 Aug. 4 4 80 Dec. 23 7 85 Nov. 2 2 87 .07 K July OIK 94 89 K 89 K Mar. 14 Mar. 11 Mar. 10 .10 Sept. 27 94 K Oct. 7 81K Mar. 10 60 Nov. 9 9K Oct. 24 .03 K Apr. 4 90 Aug. 16 85 Aug. 8 91 99 .08 May 4 40 Sept. 15 L22K 67 Jan. " 78K 47 X 25K Apr. 11 93H Sept. 18 98K 38 116 18 Mar. 11 Mar. 21 Dec. 18 Dec. 27 June 27 June 23 Dec. 19 Nov. 2 Dec. 6 N. Y. STOCK Jan., 1940] EXCHANGE—BONDS PRICES IN DECEMBER Sales for 12 Mos. BONDS n. 7. stock exchange 1939 RANGE FOR YEAR 1939 Jan. 3 1939 Price Dec. 1 Dec. 30 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices 4Ask, Bid 3,741,000 98,000 3,625,000 4,013,000 937,000 52,000 .26,000 1962 J d 1949 UN Hudson & Manhat 1st & ref 5s a 1957 F a a Adjust income 5s Feb 1957 Illinois Bell Telep 3 5*s ser b 1970 Illinois Central 1st g 4s 1951 1st gold 35*s— 1951 Extended 1st g3^s 1951 1st gold 3s sterling 1951 M 8 Hudson Coal 1st s f 5s series a. Hudson County Gas 1st 5s 836,000 2,137,000 117,000 2,168,000 623,000 7,653,000 31,000 14,000 51,000 11,000 1,000 21,000 . 1952 A O 1955 m N Collateral trust gold 4s Refunding 4s J 1952 j 1953 MN Purchased lines lst35*s Coll trust gold 4s Refunding 5s 40-year 45*s Cairo Bridge gold 4s 1955 M N 1966 f A 1950 Litchfield Div 1st g 3s 1951 Louisv Div & Term g 3 ms— 1953 Omaha div 1st gs 3s-_ 1951 St Lou Div & Term g 3s 1951 Gold 35*s 1951 1951 Springf Div 1st g 3 5*s Western Lines 1st g 4s_.....— 1951 "4",5oo 102 101 44 Bid 34 123 345* Sale Sale Sale lli* 87 Sale Sale lllyH 83 905* 455* Sale Sale Prices 315* 1235* 455* 125* 135* Sale 1115* 1125* 111 89 91 375* Dec. 4 355* Dec. 2854 Mar. 18 455* Dec. 6 1255* Dec. 28 1165* Sept. 22 12854 43 7 Dec. 28 475* Dec. Aug. 23 515* Dec. 22 145* Dec. 115* Jan. 24 175* Dec. 11 1115* Dec. 102 Sept. 5 1125* 89 Dec. 87 Dec. 19 Jan. 3 925* 835* Jan. 30 88 Sept. 13 June Mar. Sept. Jan. July Aug. 14 9 28 18 21 68 88 83 83 Ask 335* Sale 125 46* Sale" Sale 13 Ask Bid Sale 83 60 Sale 46 68 Sale 58 Sale 46 Sale 375* 75 44% 545* Sale 59 Sale llH Sale 63 90 Sale 47 Sale 515* 425* 395* 45 Sale 675* "76" 46 IF Sale 44 54 Sale 445* Sale . 475* Dec. 7 48 Dec. 7 Dec. Dec. 435* Dec. 9 40 43 Dec. Dec. 47 58 505* Dec. 415* Dec. 6 5 7 8 85 805* Dec. 455* Dec. 805* Dec. 70 60 65 Dec. 65 Dec. 18 52 60 63 51 Dec. 51 Dec. 6 61 785* 84 60 85 80 68 455* 85 58 59 J* Sale 445* Dec. 435* Dec. Mar. 8 Jan. 5 Jan. 13 63 62 52 38 42 Dec. 27 Aug. 28 505* Dec. 13 605* Mar. 9 71 4 39 Apr. 8 Aug. 10 565* Mar. 9 835* Feb. 4 66 July 17 655* Nov. 15 525* Nov. 28 75 63 63 Jan. 13 Jan. 3 465* May 8 Jan. Nov. 28 55 60 Dec. 4 Dec. 60 4 Nov. 28 60 Feb. 15 55 63 Mar. 60 575* June 9 61 Mar. 21 8 76 77 "65" 6 445* Dec. 28 435* Dec. 27 9 64 57 111 Cent & Chic St l & n o— 4,879,000 2,696,000 670,000 93,000 13,000 39,000 112,000 42,000 1,611,000 1,350,000 11052000 2,393,000 2,801,000 48,000 4,183,000 1,808,000 Joint 1st & ref 5s ser a 1963 45*s series c 1963 1940 45*s 1948 Allseder Steel Corp 6s 1940 Ind Bloomington & w 1st 4s 1950 Indiana 111 & Iowa 1st gold 4s t ilndianapol & Louisv 1st gu 4s 1956 Indianapolis Union ry— Ref & impt mtge 3 5*s ser b— 1986 1948 Industrial Rayon 4 5* s . 1961 Inland Steel 3 5*s series d- _■ 1966 tlnterboro rt 1st &ref 5s ACertificates of deposit ♦ a 10-year 6 % notes. 1932 ACertificates of deposit--.. *a 10-year 7% notes..-; 1932 a Certificates of deposit 55 _ _ 69M 10 15 105* . - .. 39,000 463,000 16,000 195,000 127,000 3,275,000 434,000 997,000 784,000 1,137,000 266,000 1,759,000 779,000 244,000 115,000 118,000 30,000 578,000 1,784,000 591,000 311,000 253,000 70,000 104 995* 93 91 1072* 1085* J j 63 59 a o 375* Sale 395* m s ao j Sale J Sale Sale Sale Sale Sale Sale M 8 Sale 85 91 % MNj F a1 j J Kan City Term 1st 4s Kansas Gas & el 1st mtge a Sale M 8 J d'4 d Sale M s 96 a 90 Sale Sale Sale Sale Sale Sale 1950 A O j April 1950 j i960 J j 45*s--1980 j d Karstadt (r) Inc 1st Mtge 6s. 1943 mjv 88* a Ctfs w w 22 a Ctfs w w 37 stpd (par $645).--1943 stpd (par $925) 1943 a With warrants (par $925)—1943 Keith Corp (b f) 1st ser g 6s.... 1946 M 8 Kentucky Central 1st gu 4s 1987 j J Kentucky & Ind Term 1st 4 ms. -1961 J Stamped .1961 J ----1961 J 45*s unguaranteed 1961 J Kings Co Elec Lt & Pow 6s 1997 a o Kings Co Elevated 1st g 4s—..1949 f a Certificates of deposit Kings Co Lighting 1st ref 5s 1954 j J 1st & ref 6 ms 1954 j J Koppers Co 4s series a 1951 UN Kresge Foundation coll trust 4s. 1945 j J 35*s collateral trust notes....1947 F a t Kreuger & Toll class a— a 5s uniform ctfe of deposit..1959 M s * ALaclede Gas Lt ref ext 5s 1939 a o Ref & ext mtge 5s. 1942 Coll & re 5 Ma series o 1953 Col & ref g 55*s ser d 1960 Coll tr 6s series a 1942 Collatera trust 6s series b 1942 Lake Erie & Western rr— 5s 1937 extended at 3 % to 1947 .7 j 2d gold 5>— 1941 j J Lake Shore & Mich Sou g 3 5*8--1997 J d Lautaro Nitrate Co Ltd— a 1st mt?e income reg.dr« 31 1975 Lehigh Coal a Nav 45*sser 1---1954. Cons sink fund 45*s ser c 1954 i«high & New Eng rr 4s a—.1965 a o Lehigh any 1st gu g 4s 1945 m s Lehigh Valley Coal— a5s stam pel 1944 a 1st a refunding 5s 1954 F a a5s stamped 1954 F a Alst a refunding 5s 1964 F a a 58 stamped 1964 AFirst a relinking fund 5s.._ 1974 F a a5s stamped.; »_ 1974 ASec 6% notes extend to* 1943 J a6sstamped-. 1943 Leh Vail Harbor Term 1st 5s 1954 f 1940 j JLeh v (n y) lstgug45*s~. 1940 j 4 Hs assented. h J a Let Vai (Pa) gen con g 4s—— 2003 mn — 4,000 44,000 114,000 157,000 136,000 98,000 146,000 45,000 16,000 571,000 214,000 151,000 1,263,000 A4s assented 2,693,000 a Gen cons 4 ^s,. 686,000 a 45*s assent) d 1,370,000 a Gen consol 5s 245,000 a 5s assented 773,000 23,000 JLeh Va 1 Ter Ry 1st gu g 5s._ 5s assented 49,000 171,000 Lex a East 1st gu 5s 419,000 Lombard Elec 7s serif s a 1,019,000 Lone Star Gas 35*s debs... 32,000 a Long Dock Co 35*s ext to For footnotes, see page 30. mn mn mn mn 2003 mn 1941 a o 1941 a o 1965 a 1944 1,084,000 Liggett a Myers Tobacco 7s 5s i.....— 1951 835,000 1952 227,000 Lion Oil Ref conv d b 45*s Liquid Carbonic 4s onv debs... 1947 287,000 1962 3,000 Little Miami gen 4s eries a 1946 3,417,000 Loew s Inc s f deb 35*8 Sale Sale Sale Sale Sale 100 61 55 12 135* 92M 82 60 50 1025* Sale 1095* Sale 74 Sale 74 30 Sale Sale 163 80 5* 98 98 5* 103 Sale 100 % Sale 102 103 100 % Sale 99 Dec. 1075* Dec. 725* Dec. 2 1025* Dec. 29 5 1095* Dec. 21 1 1 725* Dec. 29?* Dec. 28 Sale Sale 755* Pec. 13 755* Dec. 13 325* Pec. 18 Dec. 1 Dec. 875* Dec. 1 74 5 90 6 Dec. Dec. 13 Dec. 13 ° Dec. 19 30 74 72 72 6 84 95 80 995* 84 945* 945* Dec. 19 Dec. Dec. 27 95 Dec. 955* 87 65 885* 885* Dec. 16 13 13 11 295* Sale 28 Sale 27 27 Dec. Dec. 12 7 68 Sale 645* Dec. 6 6 885* Dec. 16 4 30 285* 685* Salb 66 64 Dec. 19 645* Sale 665* 1085* 1095* 1085* 109 1075* Dec. 24 1095* 1 1045* Sale 104 Dec. 1035* 1045* 103 20 Dec. 29 20 365* 25 75* Dec. 21 75* It* 2 Dec. 2 Dec. Dec. 16 Dec. 29 Dec. 21 "86" 2 89 895* 80 Iff 91 82 87 1575* Sale 89 88 Dec. Dec. 885* Dec. 825* Dec. 20 825* 1565* Dec. 20 157 1 89 845* Dec. 5 84 Dec. 865* 106 Dec. 15 1065* 5 15 Dec. 20 Dec. 21 Dec. 14 Dec. 20 5 Dec. 1065* 1065* 1065* Sale 103 5* Dec. 13 1055-8 Dec. 30 1055* Sale 8 1055* Dec. 20 105 1045* Dec. 1045* Sale 1 Sale 1055* 1055* 1045* Dec. 12 1055* Dec. 2 Dec. 19 Dec. 29 Feb. 10 Oct. 20 89 June 37 Sept. 27 Sept. 27 P Mar. 19 June 107 36 July Mar. 20 27 102 935* Apr. 1045* Nov. Jan, 5 Jan. Sept. 1005* Sept. 995* Sept. Mar. Dec. 3 6 6 5 865* 1065* 1085* 1055* 1055* 1055* Dec. 30 May 16 Aug. 3 90 43 7 42 585* Mar. 585* M up. 40 41 Dec. 27 41 8 Dec. Dec. 27 40 41 43 46 Dec. 20 Dec. 20 Nov. 24 41 May 505* Mar. 67 Dec. 19 825* Dec. 29 825* Dec. 21 63 Jan. 26 May 16 80 Sept. 215* Apr. 20 37 47 46 64 88 Dec. 1 35 39 345* 50 M Sale 50 50 Sale 49 88 Sale ..... 37 34 ..... Sale 86 h 88 Sale 30 37 46 Dec. 27 Dec. 43 315* Dec. 28 35 34 265* 34 58 40 50 Sale 40 155* 155-8 155* 66 75 Sale 45 Sale Sale 165* II* 16 18 50 50 113 o - Sale "60" 115 1025* Sale 53 63 109 Sale "64" < 48 16 15 Sale 15 165* Sale 19 Sale 155* 165* 165* 495-s 495-s 117 Oct. 19 if* July 28 Sept. 15 Jan. 13 Jan. 17 June 14 Dec. 2 30 Dec. 20 22 50 Dec. 29 50 Dec. 29 30 Feb. 10 375* July 25 405& Dec. 27 415* Dec. 19 4 40 Dec. 14 Dec. 13 13 Dec. 19 145* Dec. 20 135* Dec. 19 155* Dec. 19 145* Dec. 20 435* Dec. 11 40 42 Jan. Dec. 20 415* Dec. 3 19 45 Dec. 29 40 Dec. 4 16 Dec. 125* Sept. 5 115* Aug. 24 135* Aug. 25 12 Aug. 25 15 Sept. 1 14 Aug. 28 44 Aug. 29 4 155* Dec. 29 16 16 Dec. 2 Dec. 29 185* Dec. 12 6 185* Dec. 54 50 1205* 116J* Dec. 18 117 Dec. 26 325* Oct. 11 Sept. 13 315* June 26 315* Sept. 11 31 50 Oct. 31 505* Nov. 28 56 Mar. 10 55 Sept. 55 Sept. 235* Sept. 23 Sept. 24 Sept. 235* Sept. 25 28 27 27 28 27 27 Sept. 26 255* Sept. 27 90 Oct. 5 62 Sept. 28 2 1185* June 17 Nov. 15 1115* Oct. 4 1185* Sept. 1275* Dec. 12954 Dec. 29 119 Sept. 99 Dec. 5 94 Aug. 1095* Dec. 29 1045* Sept. 107 Apr. 1 92 1015* Dec. 27 1025* Dec. Sept. 1265* Dec. 1265* 1275* 127 Sale Dec. 128 h Sale 1295* 1305* 128 97 Dec. 975* 100 97 100 108 1075* Dec. 1095* 108 1095* 985* Sale a 145* 15 40 25 ... "425* Oct. Aug. 24 P Dec. "40" Sale" Dec. 19 Mar. 10 645* Mar. 11 Mar. 31 Dec. 20 Dec. 25 25% Sale 50 52 Nov. 22 825* Dec. 29 90 Jan. 5 91 41 28 28 295* 305* 48% 435-8 Sale 43 455* 80 Mar. 4 9 30 30 70 51 June Aug. 845* Jan. 13 7 17 29 135* Jen. 915* Mar. 30 225* Nov. 24 165* Jan. 13 Sept. 6 26 50 Aug. 29 Dec. 13 Dec. 21 Dec. 13 30 30 50 40 6 30 305* "25" 8 8 17 745* Sept. 22 265* Dec. 21 245* 25* Sept.12 78 36 20 30 ----- 34 Sale 225* 225* 6 5 Dec. 14 Dec. 20 Dec. 5 Sale 3 Aug. 3 May 23 465* Dec. 47 Dec. Sale 13 19 885* Dec. 15 89 Jan. 103 95 Jan. Feb. 825* Dec. 20 170 July 25 Dec. 98 Jan. 1085* May 31 825* Dec. 150 Sept. 775* Sept. 84 4 7 Feb. 18 Jan. 1M Jan. Dec. Dec. 177H Nov. 20 20 Dec. 14 855* Dec. 195* 11 Jan. Dec. 1 605* 5 60 965* Jan. 43 Dec. 195* 195* 9 2 June 8 Mar. 10 Mar. 13 42 Dec. 19 Dec. 22 109 ¥ Sale 50 d Dec. Sept. 56 Apr. 995* Sept. 1025* Sept. 72 4 975* Dec. 27 835* June 12 100 385* Dec. 15* Dec. 40 Sept. 90 Sept. 20 Dec. 445* 51 J 36 6 795* Sept. 12 103 45 37 - 5* Jan. 485* Apr. 93 Apr. 825* Apr. 73 Sept. 875* Oct. 775* Sept. 27 13 8 - 87 675* Sept. 1 5 345* Dec. 475* Dec. 18 - 4 4 85* June Jan. Jan. 20 365* 515* - Jan. Dec. 79 81 1295* Sale 1275* 4 20 20 835* Dec. 28 825* o 215* Oct. Apr. 15* Aug. 85* Aug. 3 86 825* 19 9 14 79 50 1035* June 26 995* Apr. 14 80 21 Sept. 20 Dec, 815* 19 Dec. Dec. 25* Dec. 75 Sale 13 13 74 83 82 Sale 55% 54M Sale 335* 18 97 80 5 82 835* 465* Apr. May 84 Sale 75 49 Dec. Sale 25* 785$ 825* ~22H Feb. 86 88 885* 535* 845* 315* Nov. 22 Nov. 15 80 3 75 54 6 Nov. 22 It* Sale 25* 45 62 H 255* 51 79 5 Oct. June 27 4 102 Dec. 15 295* Dec. 50 9 26 1025* Dec. 26 Feb. 3 62 Dec. 29 June 99 9 9 5 705* Mar. 30 105 Mar. May 103 Sept. 505* June 505* June 27 Apr. Dec. 29 46 87 Feb. 27 104 90 Dec. 29 8 1555* 845* Sale 95 615* Aug. 29 75* Sept. 23 79 24 23 24 8 Sale 1015* 1015* 102 1015* Dec. 1065* 1065* 905* "925* 1055* 1065* 1045* 1045* 1055* -2 19 94 36 Dec. 385* Dec. 15* Dec. 50 Dec. 935* Dec. 24 Dec. 28 Sale 31 275* 30 265* 655* Sale Dec. 16 Dec. 24 Dec. Sale 90 Dec. 29 Dec. 29 Dec. 22 2 Dec. 1 Dec. Dec. 13 1 Dec. 405* C, 6 80 43 15* V4 515* Sale Dec. 955* 435* 475* 15* 555* 465* Sale 2 15*. 555* 'Sale 95 945* Sale 4 Dec. Dec. 30 41 a o 73 89 80 "6 425* a 1950 a Dec. 15 46 45 f D Sale Sale 91 84 Sale 45 43 h "Dec" Dec. 28 98 43 Apr. 11 605* Mar. 403* Apr. 29 565* Mar. Jan. 1005* Dec. 28 105 13 Oct. 17 415* Jan. 825* Sale 465* Sale 465* Sale 415* Sale 415* 46 13 % Sale 805i Sale a f 74 86 112 UN F a 73 80 165 105* Dec. 28 295* Dec. 24 80 90 92 98 7 7 4 105 Sale 8 "95" o 1952 j ..1953 —- 95 i}* 8 _ 2003 2003 2003 2003 665* Sale 455* Dec. 28 495* Dec. 415* Dec. 28 455* Pec. 1005* Dec. 28 1015* Dec. 4 1025* 1025* 1025* 1025* 1025* Dec. 2 14 Dec. 165* Sale 145* Sale 165* 9 2 Sale 15* Sale 15* Dec. 1 Sale 11 Dec. 125* Sale 135* 11 135* 125* 115* Dec. 13 135* IV4 73 72 69 Dec. 13 74 695* Sale Sale 1 60 60 Dec. 69 685* 625* 1 103 Sale 102 1035* 1035* 1025* Dec. Sale 93 975* Sale 935* Dec. 13 975* '43 Sale F o 1936 72 72 88 59% 60 m Sale 89 90 mn a j*akcfts&Mrefg4s a Ctfs of dep (Bankers Trust) Kan City South 1st g 3s Ref & Imp 5s 995* 1075* 7254 725* 315* 98 295* o — - m s j J F a Kanawha & Mich 1st gu g 4s.... 1990 a Plain "2",555 93 63 Corj> 1st AcoHctf 5s-— 37",555 "iii "96" 485* Sale 465* Sale 4254 435* 445* Sale 1015* 102 1005* Sale 12 155-s __ ---1947 1,319,000 Interlake Iron conv deb 4s Int Agri 1942 138,000 1952 2,749,000 t a Internat Gt Nor 1st 6s a a Adj mtge 6s series a.July 1 1952 1,626,000 a 1st mtge gold 5s series b 1956 460,000 1956 a 1st gold 5s series c 280,000 1944 3,207,000 Internat Hydro el deb 6s 1941 1,966,000 Int Merc Marine 1st s f 6s 2,115,000 Intern Paper conv 5s series a— 1947 1955 1,892,000 Refunding 6s series a 1972 238,000 Int Rys of Cent Amer 1st 5s b First lien & ref 6 5*s 1947 407,000 1952 5,967,000 Internat t & t deb g 4 ms 1955 Deb gold 5s— 7,942,000 592,000 1 Alowa Central Ry 1st & ref 4s.. 1951 252,000 James Franklin a Cleart 1st 4s.. 1959 717,000 Jones & Laughlin St'l 1st m 4Mb 1961 81,000 1,338,000 573,000 1,257,000 1,980,000 1,855,000 899,000 15,000 30,000 22,000 1,000 746,000 43,000 595* Sale 535* 55% Sale 104 M Illinois Steel deben 1 129 J* Jan. July Sept. 5 1105* July 17 107 Apr. 28 July 25 131 25 106 1025* Sale 64 Dec. 18 69 Dec. 20 66 75 69 48 Sept. 22 5 1025* .Sept, 8 1085* 1075* Dec. 27 1095* Dec. 1095* 107 7 75 Dec. 14 72 Dec. 62 725* 85 /Mar, 14 705* 75 '8* Mi* 10 3 13 17 17 28 Dec. 20 July 10 Dec. 14 N. Y. 26 Sales for I11 BONDS 12 Mos. 1939 n. y. stock exchange PRICES IN DECEMBER Price |i Dec. 1 1939 Bid 1949 1949 1949 1944 Long Island unified 4s_ Guar ref gold 4s 4s stamped (P) Co deb 7s Lorillard 80 81M 91M Sale Bid Ask M S M S 81 90 ' Dec. 30 | Ask Bid 87 91M 88 iHH Lowest Ask 89 91M 89 87 M 89 87 M 126 127 O 88 Sale 87 M Dec. Dec. 123 82 Sale Sale 108 105 108M 105M i25 M 125M 127 M 125 Sale 83 M Sale 83 81H 108 M 109 M 109M 110 108 M 108 M 108 M 107 M Sale IODsj Sale 127M 128M Highest Sale Prices 87 H Dec. 86 % Dec. 100 A 1951 FA J Louisiana & Ark 1st 5s series A. -1969 J Louisville Gas & Elec 3 Ms 1966 M S Lou & Jeff Bridge gu g 4s 1945 M S 5s RANGE FOR YEAR 1939 Jan. 3 M S $ 21,000 738,000 351,000 439,000 324,000 2,214,000 669,000 206,000 STOCK EXCHANGE-BONDS 124 Dec. Dec. Lowest Sate Prices Sale Prices 9 88 Dec. 15 2 89 Dec. 13 14 88 M Dec. 29 1 127 Dec. 29 6 125M Dec. 28 28 2 83 M Dec. Dec. 7 110 Dec. 2 108 M Dec. Highest Dec. 27 2 81 Va Jan. 80M Jan. 27 10 80 10 Jan. 117M Sept. Sept. 75 Sept. 100 Sept. 105X Jan. 116 Sale Prices 88 July 28 89 Dec. 16 88% 129M 128M 90 M 110M 109 X Dec. 29 Jan. 23 Aug. 11 Mar. 9 May 26 July 28 Louisville & Nashville RR— 4,665,000 1,149,000 1,733,000 459,000 1,613,000 242,000 143,000 7,000 187,000 181,000 6,000 -1940 Unified gold 4s 1st & rer 5s series B 1st & ref 4 Ms series 1st & ref 4s ser D 1st & ref 3 2003 2003 84 M 2003 H&series E 94 M 89 M 2003 C 79 Paducah & Mem Div 4s 1946 St Louis Div 2d gold 3s 1986 M S "80 Va .1945 1952 Atl Knox & Cin div g 4s. 1955 iLower Austrian Hydro-El 6Hsi944 M S 108 71 Mob & Montg 1st g 4Ms South Ry joint Monon 4s 412,000 McCrory Stores Corp s f deb 5s.-1951 348,000 Maine Central RR 4s series A—1945 Gen mtge 4 Ms series A 624,000 --1960 1,724,000 Manati Sugar 4s s f Feb 1 1957 14154000 % a Manhattan Ry (N Y) con g 4s 1990 a Certificates of deposit 3,097,000 a 2s 4s 2013 1,612,000 ACertificates of deDosit 32,000 5,000 Manila El Ry & Lt 1st 5s 1953 11,000 Manila RR South Lines 1st 4s—1959 21,000 lAMan G B & NW 1st gu 3MS--1941 1947 193,000 Marion Steam Shovel s f g 6s Certificates of deposit 307", 600 Market Street Ry 1st 7s—Apr 1940 603,000 Mead Corp 6s with warrants 1945 Sale 100 Sale 91M Sale 84 M Sale 85 % 80 Sale J MN F 86 "72"" 104M 105M A MN J D 70 Sale Sale J D 40 46 MN 27 M AO 31 Va 27M J D 17M 81 590,000 224,000 •220,000 29,000 3,600 186,000 141,000 152,000 1,765,000 239,000 45,000 368,000 625,000 20,000 288,000 238,000 27,000 2,495,000 464,000 771,000 267,000 Metropolitan Edison 4Ms ser D-1968 Met Water, Sewer & Drain 5 Ms-1950 #j AMetWest SideElev (Chiefs 1938 A Mex Internat 1st 4s asstd—--1977 A 4s (Sept 1914 coupon on)—1977 A Miag Mill Mach 1st s f g 7s—1956 Michigan Central-Detroit & Bay City Air Line 4s 1940 Jack L & S gold 3 Ms 1951 1st gold 3 Ms 1952 Ref & Imp 4y%s series C 1979 Michigan Consel Gas 1st M 4s__1963 X a Midland of N J 1st ext 5s 1940 j Milwaukee & Northern RR— * A 1st ext 4 Ms 1939 *a Con ext 4Hs 1939 1A Mil Spar & N W 1st gu 4s.—1947 tAMilw & State Line 1st gu 3 Ms 1941 jAMinn & St Louis 5s ctfe 1934 A 1st & refund gold 4s 1949 A Ref & ext series 5s A 1962 j*aM St p & S S m 4s stpd guar.1938 * Alst cons 5s 1938 *Alst cons 5s grd as to int 1938 A 1st & ref 6s series A 1946 a 25-year g 5 Ms 1949 1st ref 5Ms series B 1978 296,000 298,000 600,000 t AMissouri-Illinois RR 5s ser 3,226,000 Mo Kan & Tex 1st g 4s. _ Missouri-Kansas-Texas 5,678,000 1,629,000 809,000 2,663,000 A. . 1959 1990 MN Sale Sale 29M 25 ---- O J - MN M S A O F 79 J 39M 76M Sale 79 40 M Sale 36 H Dec. 76 M Dec. 76 M Sale 79 Sale 41M Sale 42M 41M Sale 76 M Dec. 41M Dec. 44 41M Dec. 41M 85 M M S J 14 M 90 M 70 M J Sale 80 J D 14M J d 40 J D 26 M S J M S 3 F 2 J 8 X J J J J J J 5M 8M 3Va 2M * J J 105 70 52 Sale 6M % 1 6 67 ----- 83 30 Dec. 56 M 50H Dec. Sale 104M Dec. 7 M 100 M Sale —87M 58 91M 63 64 M Sale Dec. Dec." 18 15 99313ilO0M 100M Dec. X Dec. Dec. 18 1 100M Dec. 1 65 M 101M 89 91M 66 M 68 100 M Sale 9M Sale Dec. 14 Dec. 90 30 Va 29 H 13 H Sale 15 27 13 M 16 M Dec. 73 30 M 73 30 30 Dec. 6 Dec. 2 Dec. 2 3 6X Sale 4M 3 6X 5Va 6Va 2X IVa 68 Sale 9K 75 ~ 3M Sale 7 6M Sale 3Va Sale 53 55 5M 1M H 6M 5M 6M 2% 1M 6M Sale 2 Sale 5M Sale Dec. 29 5M Dec. 21 5 Dec. 15 89M Jan. 18 25 Oct. 20 '30 May" 19 4 lOOMNov. 8 97 Mar 9 76 X Mar. 15 8 Sept. 21 102 M Aug. 6 Dec. 21 2M Dec. 6 1M Dec. 29 Sale J 54 Sale 63 J D 49 M Sale 29X Sale 29 M Sale Sale Sale Sale Sale Aug. 24 July 20 20 6 2M Dec. 11 4 1M Dec. Apr. 28 10 19 4M Apr. 18 1M Apr. 28 2 Va June 5M Sept. 1 3M Aug. 18 5M Sept. 1 IX June 30 IVa Dec. 29 55 Dec. 4 50 Dec. 22 64 Dec. 27 45 Jan. 24 30 Dec. 4 25 M Aug. 21 20 M Dec. 17 Dec. 1 8 Dec. 27 16 % Dec. 8 M Dec. 11 14 X Dec. Dec. 20 62 Dec. 12 26 M Dec. 28 50 55 50 M 64 Dec. 7 Nov. 24 Nov. 15 8M Apr. 28 M Apr. 9 7M Dec. 5M Dec. 14 Dec. 27 1% Dec. 30 Dec. 26 Dec. 28 6 4 M Dec. 1M Dec. 19 3 J 64 X Jan. 57 8 106M Dec. 21 40 Sale 6M 2M 9 87 23 88M 64M 92 Va 9Vs Dec. 14 66M Dec. 6 101M Dec. Dec. Dec. 28 12M Dec. 27 6 2 27 88 89M 49 9 Sept. 28 82 Va Mar. 30 83 V8 Feb. 1 15 Oct. 6 Aug. Feb. Oct. 5 6 112M Dec. Mar. 10 50Va Sept. 21 102 8M Feb. 7 5M Dec. 22 M Feb. 17 Va Dec. 29 Dec. 12 M 15 X 54 Dec. Nov. 108 X July 6 75 30 8 42 X Nov. 24 Oct. Sept. 101M Apr. 11M Sale 5 18 79 X Dec. 29 79 X Dec. 30 43 M Nov. 22 Jan. 39 14 Dec. 44 M Feb. Mar. 10872* II* Jan. 1 106M Dec. 8 Dec. 5M Dec. 22 M Dec. 29 74 Apr. ilJH 77 107 X July 10 24 M Mar. 9 Dec. 20 112 M Dec. Dec. 83 112 15 13 v 23 100M Oct. 22 Apr. 14 70 112 M 33 27 7M M S 51M 7M May 72 54 M 16 M J Sale" 79 M Dec. 43 Dec. 42 Dec. 45 MiV ? 68 79 101 M S 79 X Dec. 15M 55 Sale 26 88 Feb. 81 Sale 67 97 M Jan. Dec. 82 65 Dec. 95 X Dec. 89 M Mar. 9 85 X Mar. 14 102 M Dec. 29 39M Jan. 23 Apr. 26 M.Apr. 24Va Apr.i 17Va Apr. 40 X Nov. 83 M 50 102 May Sept. 67 86 -m 80 73 105M Mar. Dec.. 30 52 X Dec. 40 M Dec. 9 MN 12 107 M Dec. 80 Dec. 61M 94 M 87 M Dec. Dec. 35 J 6 75 74 - Dec. 77 H 104 H Dec. 20 106 Sale 51 6 28 23 101M Dec. 28 Sept. Apr. 84 M Apr. 110 Sale 107 112 D 82 107 M 106M Dec. Sale 75 Dec. 11M M M S Dec. 23 51M 109 M 110M 99 M 104 M S J 84 76M 50 H 104 M 6M M M 1 53 M Sale 51M 65 103 M 104 A Dec. Dec. 23 102 M Dec. 29 Dec. 7 84 Dec. 11 101 85 88 Sale 87 90 Dec. 80 83 9 52 M 36 M l& 80 20 — J Q 81M 102 M 91M Dec. 85 Dec. 20 101X Dec. 28 1 102 Dec. 26 1 95 X Dec. 23 7 41 M S A Sale 99 % 101 83 M 81M 112 110M 73 75M 75 104 M 105 M 106 ' J M Sale 86 M 86 M 7 106 100 M Dec. 99 M Dec. 100 M 92 100 98 J 10D»j» X Jan. 3 57 X Oct. 33 Oct. 21 17 % Jan. 5 14 3 31 M Mar. 2 9 July 21 3M Feb. 17 Jan. 19 3 10 Va Sept. 27 7M Sept. 27 10 Sept. 27 5 Oct. 3 3M Sept. 27 69 75 June 12 July 51M Jan, 19 5 14 Aug. 24 11M Aug. 21 12M Aug. 22 6 Aug. 28 37 X Jan. 32M Jan. 5 6 12 M Apr. .8 13X Nov. 10 21X 20X 6M 21M 20X 21M 19 X 4M 21M 20M zum 21M 20X 69 RR Prior lien 5s series A 40-year 4s series B Pr lien mtge 43^s ser D ACum adjust 5s series A Jan 1962 1962 1978 1967 .16 X 13 Dec. 27 13 X 7 Dec. 22 14M Sale 13 Dec. 13 X 13 X J J 36 M Sale 20 Sale J J 31 Sale 16Va Sale 18 M 14 M J J 20 16 M O 32 Sale 15 A 30M 16 M 8M Sale 7% Dec. 22 1 1 34 Jan. 5 17 X Jan. 5 AMissouri Pacific RR Co— 1,797,000 113,000 5,067,000 6,761,000 328,000 2,240,000 70,000 3,213,000 2,239,000 120,000 4,804,000 196.000 29 000 Alst & refund 5s series A 1965 F A a Certificates of deposit AGeneral 4s -1975 MS A 1st & ref series F 1977 MN a Certificates of deposit a 1st & ref g 5s ser G 1978 MN A Certificates of deposit A Convertible gold 5 Ms 1949 MN A 1st ref gold 5s series H 1980 A O a Certificates of deposit— A 1st & ref 5s series I— 1981 FA A Certificates of deposit *4 Mo Pac 3d 7s ext at 4%-July 1938 y~j 22 3 M 13 M 14 M 13M Sale 21 20M 6 21M Sale 20 M^.21M Sale 20M Sale 4 Sale Sale 3M 14M 13 M 14 M 13 X 2M 14X 13 X 14% 12 M 13 M 2M Sale Sale Sale Sale Sale 21M 20M 21M 20M 62 M Sale 13 H Sale 13 M 13 M 65 67 70 Sale Sale 21 M S 34 Sale 13 M 28 13 X Dec. 26 3M Dec. 28 Dec. 27 3M Dec. 21 Dec. 29 Sale 12M Dec. 12 14 % Dec. 28 Sale 13 Dec, Dec. 11 15 Dec. 29 13 14 Dec. 28 Sale Dec. 13 13 Sale 11 IX Dec. 27 13 Dec. 11 13 M Dec. 1 Sale 13 11 Sale 13 Dec. Dec. Sale 21M M S 19 Va 28 M Sale 8 15 2X Dec. 1 14 U Dec. 13 M Dec. . 29 22 15X Dec. 29 Dec. 14 28 Apr. 8 12M Apr. 8 12 X May 17 12M Apr. 11 12 M May 24 IX Dec. 27 12Va 12X 12 Va 12X 65 70 66 3 Apr. 8 Sept. 5 Apr. 8 Apr. 12 Jan. 18 Jan. Jan. Sept. Jan. Jan. Jan. Jan. Sept. Jan. Jan. Jan. Jan. June 4 6 27 3 11 3 14 27 4 4 3 6 3 JMobile & Ohio RR— 425,000 3.269.000 2,490,000 124,000 204 000 1,329,000 2,031,000 6 385 000 246 000 7 000 1 000 a Montgomery Div 1st g 5s—1947 A Refunding & Improv't 4MS-1977 * a Sec 5% notes. --1938 Mohawk & Mai 1st gu g 4s 1991 Monongahela Ry 1st M 4s ser A.1960 Monongahela West Penn Pub Serv— 1960 1965 1st mtge 41^5 6s debentures Montana Power 1st & ref 3 Ms.-1966 Mont Tram 1st & ref 5s series A-1941 General & refunding 5s A-----1955 Gen & ref 5s series B 1955 Gen&refsf 4 Ms ser C Gen & ref s f 5s ser D MN 58 Sale A Sale Sale Sale 99 Sale O 108 M A O 100M J D J J 96 M 96 M A O 72 M A O 1955 A Nassau Elec guar gold 4s stpd Certificates of deposit National Acme 4Ms extended National Dairy Prod deb 3 Ms w Nat Distillers Products 3 Ms a O 2000 D J -1955 MN -1955 MN 1968 J D 1947 MN a a 52 M 50 M 45 M 77 M 111 Sale Sale 99 X 87 M 74 21 Dec. 11 27 Dec. 11 29 32 Dec. 18 Dec. 29 51 Sale Sale 60 15 21M Dec. 49 105 M Dec, 109M 108 X Dec. Sale 109 M Dec. 109 72 1951 J A J Sale Sale Sale 99 M Dec. 77 M Dec. 33 M Dec. 17X 19M 54 M Dec. 42 X 7 105 M Dec. 101X 7 109 X Dec. 25Va 3 32Va 11 37X 11 59 12 13 106M Oct. Oct. Oct. 24 24 24 Oct. 13 103 Dec. Ill Dec. 1 1 87 M Dec. 51 Aug. 10 Sept. 5 110M Nov. Dec. 98 Sept. 5 111 91M Sept. 21 101X June 99 M July 75 Oct. 26 72 M Jan. 51 Dec. 29 67Va Jan. 30 67Va Jan. Dec. 4 100 Dec. 29 51 May Apr. Apr. July Sept. Dec. 72 13 30 7 13 3 30 38 M 39 M 35 M 95 M 70M 31M 101 74M 35 68 41 101H 101M Sale 104 Sale Sale Sale 41X Sale 108 M 106 103 M Sale 1 42 38M Dec. 38 M Dec. 28 41M 36 M 33 H Dec. 13 1 108 M 107 X Dec. ----- 116 Sale Sale Sale 116M 101H 101M ----- Dec. 19 116 56Va 1 54 1 49 1 99M Sept. 27 110M 111 Oct. 7 117 X 36 Dec. 67X Dec. 97 70M Sept. 30 X Sept. 29 Sept. Dec. Dec. Dec. May 4 101 64 X Aug. 28 68M Dec. 44 M Dec. 42 M 42 42 X 44 Va Dec. Sale 41M Sale 102 101M Dec. 11 101M Dec. Sale 106 Sale 105 X Dec. 27 106 X Dec. 1 104 X Dec. 104 M Sale 103 X Dec. Sale Sale 40 1946 J D w '51 MN 1949 M S III" "68" 68 107 M 115 105M 114M 4Ms Jan 1914 coupon on.1957 4M8 July 1914 coupon on.1957 4Ms July 1914 coupon off. 1957 Assent warr M M % Va M Va & rets No 4 on 1957 a a Assent warr & rets No 4 on.1926 A O O a 4s April 1914 coupon on 1951 A Dec. 27 41X Dec. 11 1 40 Dec. 66 29X Jan. 38M Nov. 100M Nov. 99 Sept. 95X Sept. - 4s April 1914 coupon off-.-.1951 A a Assent warr & rets Nd 4 onl951 A 1965 A M % Sale Jan. 9 Mar. 10 Mar. 11 June 13 Aug. 12 Nov. 16 72 X June 13 46 Mar. 2 27 10 44 Ji 15 102 5 108 26 105 Dec. 16 Feb. 16 Sept. 27 Aug. 12 O Newark Consol Gas 5s X a New England RR 220,000 a Cons guar 4s 372,000 For footnotes, cons see page 1954 MN 1948 J 5s guarl945 J 1945 J D Va 25 X Dec. % Dec. 16 X Sale 1 x Sale 65 M 100 M 62 M H „ Sale 73 X Dec. M Dec. 14 J 27 Sale 27 35 J 25 M Sale 33 Sale % Dec. 19 1M 102 1 X Aug. 22 1 16 M May 22 X Nov. 8 X May 22 1M Jan. 26 Va Aug. 29 IX Mar. 16 Dec. M Sale 68 73 124 35 Sale 35 X Sale X Dec. 100 % Dec. 68 Dec. 123 M 15 Va Dec. 1 102 Dec. 68 Dec. 6 35 X Dec. 1 2 Nov. 27 X Sept. Va May 15 .231, 92M Sept. 103 Va Aug. 18 69 Oct. 21 125 Va July 27 36 X Nov. 20 11 6 Dec. 27 123 M Dec. 27 7 35 M Dec. 34 M Dec. 26 1 33 Dec. Nov. June 12 1 1 123 122 122 M M % Va Va X H M M M O M 14. X M Jan. 12 Va Sale ----- 1M O M Jan. X ----- O A 175,000 National Steel 1st M 3s 3,217,000 1a Naugatuck RR 1st g 4s 46,000 49,000 99 M 79 a * "5",000 108 M 109 109 M Sale "HI "80~" 1941 MN 4s April 1914 coupon on. 1977 4s April 1914 coupon off 1977 a Assent warr & rets No 5 onl977 A 59,000 Nat RR of Mex prior lien 4 Ms— 150,000 19M 24 28 M 29M 28 X Sale 33 Sale 33 M Sale 54 M 59 51X Sale 105 M 106M 105M 106 National Rys of Mexico— a "i",66o S 50 M 102 M Nashville Chat & St L 1st 4s A. .1978 F 7,000 300,666 M A 1955 A O h Morris & Essex 1st gu 3 Ms 1,422,00 Constr M 5s ser A 1,223,000 Constr M 4Ms ser B 2,226,000 Mountain States T & T3Ms 1,642,000 Mutual Fuel Gas 1st gu 5s 75,000 Mutual Union Tel 5s 71,000 242,000 1,555,000 84,000 4,000 5,552,000 1,957,000 F 14 58 Oct. 122 M Feb. 20 20 Apr. Apr. 35 X Dec. 14 30. I N. T. STOCK Jan., 1940] Sales for 12 Mos. 1939 15 New England t & t 30-yr 5s a.1952 J D Mn 1st g 4%s series b ______1961 n j Junction rr gu 1st 4s 1986 F n j Pow & Light 1st 4%s-_ 1960 a 1,310,000 New OrleansP s 1st & ref 5s a--1952 1st & ref 5s series b 1955 1,380,000 588,000 New Orleans Term 1st 4s guar. >1953 123,000 t*iN o Tex & Mex income 5s.. 1935 ▲Certificates of deposit 1,000 ▲First 5s series b 1954 489,000 ▲Certificates of deposit 54,000 ▲1st mtge gold 5s series o 124,000 1956 ▲Certificates of deposit 2,000 ▲1st 4%s series d 208,000 1956 ▲Certificates of deposit ▲1st 5%s series a 840",000 1954 66,000 ▲Certificates of deposit *— 16,000 Npt & Cin b gen gu g 4%s__—1945 Ask 124 m 125m Sale 124 90 m 63 _ Dec. 1 1939 104 67 m 71 Sale 66% 53 m Sale 103% Sale Sale 70 "55"" 74 m Sale 106 Sale 106M Sale 20 34 m Sale A O ¥'a f 35 31 35 37 m 36m 45 A 32% 36m ao 39% Sale" ¥'J 108 m 33 no" Lowest Dec. 30 Lowest 68 m 34 m 28 34 35 67 30 "70" 107 69 53 105m 105% 67 29m 22 m 34m 107 Dec. 27 108 Dec. Dec. Dec. 56 51m Dec. 28 105m •Dec> 7 9 106m Dec. 106 Dec. 19 107 h Dec. 7 106 m 105" 66 Dec. 11 Dec. 68 Sale Dec.' 30 Dec. 34m 30 21 Dec. 23 Dec. 23 21 28 32m Dec. 21 34 m Dec. 29 37 108 Sale 68 ' % Dec. 16 W4 Sale 32 m —. 36"" Sale" 33 m 106 35 34m 31m 36 % 30 107 • 35% Sale Prices 73 June 6 73 105 M Sept. 19 110 65 Jan. 9 78 23 21 Dec. 23 21 6 June Oct. Nov. 31 3 Mar. 10 June 9 Nov. 24 Mar 10 Sept. 29 Dec. 23 3 40 Sept. 27 12 35 Jan. 24M Apr. 24 30 Nov. 17 24 Apr. 29 38 Sept. 29 7 24 M 33 m 30 H Dec; 27 35m 33 m Dec. 15 37m~d"e"c"."29 35 Dec. 27 55m Dec. _ 61 Dec. 30 d^ec. 29 Dec!" 6 59 M Apr. 10 106M Apr. 10 107 M Apr. 8 It* Apr. 9 38 46M Sept. 102 102 58 24M May 30 32 m Dec. 32 m Dec, "46" 39 Sale Prices Aug. 10 118M Sept. 14 129 113 7 Sept. 7 129 M Aug. 33 Dec. 15 32 m Dec. 7 32 m Dec. 4 37 32 m Highest Highest Sale Prices Sale Prices Ask Bid Bid Ask 129 m 125m Dec. 11127% Dec. 19 125m Sale 127 125 m 123 m 125m 124m Dec. 7 126m Dec. 13 108'" 108% New Orleans Great Nor 5s ser a 1983 241,000 n o & n'eastern ref 4%s ser a.1952 1939 Jan. 3 Bid $ 570,000 366,000 1,000 863,000 268,000 RANGE FOR YEAR PRICES IN DECEMBER Price BONDS N. Y. STOCK EXCHANGE 37 EXCHANGE-BONDS June Apr"." 10 32 M Dec. 35 M Jan. 43 36 23 Apr. 10 100M Sept. 5 110 9 4 Sept. 27 Oct. 6 May 15 New York Central"rr— 3,915,000 2,588,000 17798000 9,156,000 4,891,000 1998 F Consol 4s series a 10-year 3 %s secured s Rer & impt 4 his series Ref & impt 5s series o Conv secured 3 ms a a a o a o 1946 2013 2013 .1952 f a 2,341,000 n y o & h r g mtge 3 ms—« Debenture 4s of 1912— 3,801,000 Lake Shore coll g 3%s_.i 697,000 Mich Cent coll g 3 %s_ - -~ 530,000 New York Chicago & St Louis3,990,000 Refunding 5 ms series a 15781000 Refunding 4Ms series c 4s collateral trust 729,000 1st mtge 3 ms extended to—. 318,000 756,000 3-year 6% notes -— 1,402,000 n y Connecting 1st gu 4ms a. 102,000 1st gtd 5s series b 834,000 n y Dock 1st gold 4s. Convertible 5 % notes ... 531,000 1,425,000 n y Edison 3Ms series d.____ 1st lien & ref 3 Ms series e—, 942,000 - o mn .1997 J .1942 .1998 F .1998 F A "l974 O A j A .1978 m s .1946 f a .1947 63 m 67 m 83 m 80 % 66% 64% 59 Sale Sale Sale Sale 61 72 54 m Sale Sale Sale Sale 55% 76 m 53 m 61m 59 m 61 60 m Sale Sale 77 Sale 75 66 85 59 m Sale Sale 70 Sale 61m Sale 53 m Sale 74 78 84 m .1941 105 Sale 104 m 106 % .1953 .1953 .1951 .1947 .1965 .1966 54 59 m 49 53 107h 108 108 m Sale n y & Erie—See Erie rr. 262,000 n y Gas el Lt Ht & Pow 5s— .1948 j D Purchase money coll tr g 4s.. .1949 FA 586,000 161,000 158,000 268,000 52,000 39,000 32,000 32,000 67 m 77 m 59 m 125 m 116m 116m ▲n y & Greenwood Lake 5s—1946 M n n y & Harlem g3%s-—2000 mn n y Lack & Western 4s ser a..1973 AfN 97 50 18m 99 m 68% Guar 4m® series b__ -1973 AfN ▲nyle&w Coal & rr 5mb-1942 AfN ▲Dock & impt 1st 5s ; 1943 j J n y & Long Branch gen 4s._-.1941 m s 1* an y & NEng (Bost Term) 4sl939 a o 47 m 74 m 95 14m Sale Sale 55 m 77 75 m Dec. 84 Dec. 56 Dec. 22 78m Dec. 30 50 54m Dec. 26 64 m 59 Sale §28 Sale 53 m 52 109 109 m Sale. Sale Dec, 13 Dec. 12 Dec. 27 Dec. Dec. Dec. Dec, Sale 49 52 Dec. 48 m Dec. 49 % 49% 109 Dec. 109 m 108 109 109% 108M Dec. 124 % 123} 116j Sale 1 78 m Sale 85% 87 m 58 m 64 m Sale 61m Sale 53 m 54 m Sale 81m 79m 79 §9^ .83% 82 m si* 84 m 73 m \77 73 73 105m 105m 105m 105 m Sale 107 107 108% Sale Sale 63 m 76m Dec. 55 123 m Dec. 117m 116m Dec. 11m 13 m 13m 98 m 100 100M 102 53 m Sale 55 Sale 12 66 57 65 50 — 73 50m Dec. 27 55m Dec. 27 57 m Dec. 27 Sale 61m 65 61 75 60 80 65 75 75 75m 99% 75m 7 11 2f7 30 14 28 4 11 Dec. 30 61m Dec. 1 61m Dec. 19 86 Dec. 12 59 m Dec. 5 58m Dec. 29 65 57 81 Dec. Dec. Dec. 84 Dec. 76 Dec. 106 Dec. 108 H Dec 53 m Dec 52 Dec 109m Dec 109 % Dec Aug. 25 Sept. 1 Sept. 47M Sept. 50 Sept. 75 72 Sept. July 56 Dec. 73 M Man. 10 82M Mar., 10 67 72 M Sept. 27 77M Mar. 10 1 3 84M Mar. 22 54M Dec. 26 9 89 Nov. 8 70 Mar. 4 68 M Mar. 13 8 47M Apr. 39 8 30 Apr. 65 14 Apr. 11 83 M 77 M May 12 9 $k6/* 50 29 Apr. 11 79 18 100 Sept. 5 107 Oct. 5 108 M 1 104 1 47M Sept. 2 59 M 1 48M Aug. 24 63 22 100 Sept. 6 110M 2 100 Sept. 23 112M Dec. 29 Dec: 9 1 Dec. Dec. 30 Dec. 21 Sept. 27 _ 1 1 29 7 125 Dec. 22 6 117m Dec. 13 11 Dec. 20 13 m 8 101 99m Dec. 5 55 51m Dec. 65 Dec. 30 ,65 61m Dec. 21 61m 50 67 42 WA Sept. 27 Sept. 27 Mar. 13 Mar. 20 Sept. 28 Mar. 25 Nov. 30 Mar. 11 Sept. 11 Jupe 2 June 6 116M Sept. 18 126M June 23 108M Sept. 12.119M July 15 11 Dec. 201 if M 99M Jan. 5 102M 48M Apr. 13 63 54 May 4 68 Jan. 19 Aug. 9 14 Mar 99% 75 Sale ----- 71 Dec. 13 71 Dec. 13 33 50 70 Feb. 1 Jan. 11 Mar. 17 70 Sept. 13 Oct. 27 71M Nov. 75M Jan. 2 9 finy New Haven & Hartford— 228,000 131,000 435,000 558,000 812,000 996,000 ▲Non-conv debenture 4s ▲Non-conv debenture 3 ms- - 14 m 14% 15m Sale 15m Sale 1947 -1947 18* ▲Non-conv debenture 3 Ms 1954 ▲Non-conv debenture 4s.. —1955 ▲Non-conv debenture 4s 1956 Sale Sale ▲Convertible debenture 3 Ms_ -1956 17 y 25 ▲Convertible debenture 6s 1948 4,816,000 ▲Collateral trust 6s 1940 1,639,000 738,000 ▲Debenture 4s 1957 ▲1st & ref 4 Ms ser of 1927-—1967 3,103,000 1 ▲Harlem r & Pt Ches 1st 4s-1954 *333,000 y Ont & West 1st g 4s 2,504,000 1992 ▲General 4s —1995 554,000 12,000 {▲ny Prov & Boston gen 4s—.1942 146,000 n y & Putnam 1st con guar 4s—1993 183,000 n y & Queens el Lt & Pr 3 Ms--1965 New York Railways Corp—• Prior lien 6s stamped 174,000 1958 608,000 n y & Rich Gas 1st 6s a -1951 Sale Sale 8 17 55 Sale 16% 16 15% 16% 18* .4 65% 48 Sale jgk 77 \\» 16m Sale 15 17% Sale Sale Sale 26 m k Sale Sale Sale 6 3 3m 75 "54" 15 Dec. 21 14 Dec. 18 13 m Dec. 19 14 m Dec. 20 15 Dec. 5 16 M Dec. *16 Sale 13m Dec. 20 16 17 Sale 24m Dec. 21 4 4m Dec. 1 16m Dec. 55 Dec. 20 19M 32 5M Sale 16m 15m Sale 15 % Sale Sale 54 m 8 13% VP* 32 h* 20 5% Sale 18 % Sale 60 m 62 5m Sale 3 3m 78 50 109 5 49 51m 110m 109m 110 104 90 105 m 97 m 106% 108m 107 106m 107 105 105 105m 104m 107 Sale Dec. 27 109 % 109 17 16 Nov. 15 16 M Nov. 21 17 M Nov. 22 17 M Nov. 27 16 M Nov. 21 3 Apr. May 25 9 May Apr. 26 Apr. Apr. Apr. Apr. 3M Aug. 10M Apr. 42 Aug. 18* Dec. 17M Dec. 19 17 10 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 61M 6M 3M Dec. 5 Dec. Dec. 14 50 Dec. 23 Dec. 16 109M Dec. 8 2m Dec. 62 May 44% May 102 M Sept. Dec. 104 2m Dec. 28 109 8 48 Dec. 19 11 15M Dec, 15M Dec. Dec. 12 107 Dec. 12 4 105M Dec. 2 Nov. 27 20 M Sept. 27 Dec. 30 32 Sept. Sept. 61m Dec. 10m Sept. 7M. Sept. 82 Oct. 211% 27 27 29 27 27 21 55 M Nov. 1 110M Jan. 20 Mar. 31 93 Jan. 94M 5M 4M 4M 108 M June 13 18 105 M Nov. 20 Sept. Apr. Dec. July July Sept. •ft 3,920,000 New York Steam Corp 3 Ms 1963 667,000 t»*n y Susq & West 1st ref g 5s.1937 * ▲Second gold 4%s 12,000 1937 ▲General gold 5s 321,000 1940 71,000 ▲Terminal 1st gold 5s 1943 610,000 n y Tel ref 3Ms series b...... 1967 97,000 n y Trap Rock 1st s f g 6s 1946 303,000 6s stamped 1946 an y Westches & Bos 1st 4Ms 1946 2,103,000 549,000 Niagara Falls Power 3 ms 1966 250,000 Nlag Lock & Ont Pow 1st 5s a..1955 1,137,000 Niagara Share (Mo) deb 5 Ms. .1950 1,329,000 ^▲Norfolk South 1st & ref 5s a_l961 384,000 ▲Certificates of deposit - 101m Sale 12 m Sale 9 5m Sale 30 1941 4s. 1996 j J M s a o Sale 63 57 m 3m 75 Sale 108 AfN Sale F a Sale AfN 60 Sale Sale a o 1949 F a 1954 F a 1959 F a _ 247,000 i iOgden & Lake Ch 1st guar g 4sl948 125,000 Ohio Connecting Ry 1st 4s 1943 2,318,000 Ohio Edison 1st mtge 4s 1965 1st mtge 4s 1,013,000 1967 1st mtge 3Ms 3,395,000 1972. 698,000 Oklahoma Gas & Elec 3 ms 1966 4s debentures -1946 543,000 392,000 Ontario Power n f 1st 5s 1§43 1945 163,000 Ontario Transmission 1st 5s 1946 [410,000 Oregon rr & Navcon g 4s 1249,000 Oregon Short Line 1st con g 5s—1946 409,000 lstguar cons 5s stamped 1946 3,302,000 Ore-Wash rr & Nav 1st & ref 4s 1961 1,396,000 Otis Steel 1st mtge 4Ms a 1962 256,000 Pacific Coast Co 1st g 5s——1946 1964 2,469,000 Pacific Gas & el 4s series g 1st & ref mtge 3 Ms series h..1961 2,677,000 1st & ref mtge 3 ms series i—1966 2,330,000 see page 30. 68 110m 4,000 North Cent gen & ref 5s ser a—1974 Af s 115 Gen & ref 4ms series a 2,000 --1974 Af s 106 t ▲Northern Ohio Ry 1st guar 5s 42 m 37,000 Apr 1 1935 and sub couponsA.1945 a o ▲Oct 1938 and sub coupons... 1945 35% 36,000 ▲Certificates of dep stamped 5,000 Apr '33 to Oct '34 coup 1945 38 April *33 to Oct *38 coup—-1945 83 4,119,006 Northern Pacific prior lien 4s__l997 53 Gen & lien ry & Id gt 3s. .Jan 2047 3,817,000 56 m Ref & impt 4 Ms series a 1,278,000 2047 68 Ref & impt 6s series b 8,711,000 2047 59 m Ref & impt 5s series c 791,000 2047 58 m Ref & impt 5s series d 1,250,000 2047 107 m 1967 2.047,000 Northern States Power 3 Ms j n'western Teleg 4ms extended. 1944 For footnotes 40 108 m - 150,000 ^▲Norfolk & South 1st g 5s 1,209,000 Norfolk & West ry 1st con g 1,583,000 North Amer Co deb 3 Ms Debenture 3 ms 1,408,000 Debenture 4s 1,206,000 11 4 105 9 5m 8 5m 5% 38 m 42 110M 109 m 110 85 m 80 86 Sale 83 m 88 4 Sale 4% 109 m 110 109 109% 109m 103 103 m Sale 12 8 Sale 11m 52 121 12% 55 Sale m 54 Sale 9m 6m 7 104M Dec. 9 4M 5M 37 108M 83 M Dec. 8 105 5 Dec. 27 Dec. 21 Dec. 19 9M Dec. 13 4M Dec. 28 6 Dec. Dec. 27 40 Dec. 15 110M Sale Dec. 11 86 87 Dec. 20 88 89 Sale 3M Dec. 18 4% 7 110M 110m 109M Dec. 39 Sale 109m 109M Sale 102H Sale 10M Sale 10 57 53 120 122% 106 m Sale" 106 106 % Sale 105 m 105% 105M 105m Sale 106 % 107 m 106m 107 m 105M 105m Dec. Dec. Dec. Dec. Dec. Dec. 5 110 Dec. Dec. Dec. 29 103M Dec. Dec. 22 12M Dec. 12 Dec. 27 Dec. Dec. 13 55M Dec. Dec. 8 122 M Dec, Dec. 12 106 Dec. 1 106 Dec. Dec. Dec. 28 107M Dec. 2 30 30 15 27 7 7 7 19 27 82 36 m 44 37 42 40 Sale Sale 38 Sale Sale 40 m Sale 36 68 41 Sale 44 Sale 46 m Sale 54 % 47- Sale 48 m Sale Sale 49 47 Sale 49 Sale 108 95 Sale 109 H 95 9m Sale 7Vs 100 Sale Sale 101m Sale 107 104 m Sale m"" 109 Sale 116 m Sale Sale 35% Sale 107 107 % l08M 109 m Sale Sale 106 109 109 % 105 106 m 57 m Sale 7 Aug. 41 Sept. 114M Sept. 1 98 97 M Sept. 99 Sept. 40 Dec. Dec. 15 6 50 43 43 38 Dec. 15 Dec. 30 Dec. 30 46M Dec. 30 68 42 64M Dec. 37M Dec. Dec. 38 J Dec. 57M Dec. 30 48M Dec. 29 49 Dec. 29 110 Dec. 28 Dec. Dec. 107M Dec. 9'm 7M Dec. 19 9M Dec. Sale 6 108 M Dec. 107M Dec. 109 108M Dec. 28 109M Dec. Dec. 11 106 M Dec. 106M 105 109 Dec. 6 109M Dec. 110 7 106M Dec. 106 105M Dec. 105'si Dec. 1 10719»iDec. 107»s« Sale 105% Sale 2 105M Dec. 105m 117% 105m 117M 105M Dec. 105 Dec. 1 Ill Dec. 110m 110% 6 116M Dec. 116 115M Dec. 115m 117 118M 117M Dec. 11 118M Dec. 116m Sale Sale 105 104M Dec. 21 105M Dec. 105 Sale 75 Dec. 27 76M Dec. 78 76 76 61m Sept. 9 11 45 Feb. 17 Sept. 27 Mar. 8 niy2 June 14 86 • July 18 92 Nov. 29 ,.5h Sept. 27 5 111% June 110 Nov. Dec. 1 7 Jan. 4 103% 17 H 15% 60 Jan. 124 June Jan. 5 10 8 107% Nov. 10 106% Aug. 7 108% July 28 Mar. 24 107 Feb. 9 38 50 Dec. 28 Jan. 27 Feb. 8 38 Nov. 14 64M Sept. 37 M Dec. 38M Dec. 50 Dec. 42 M May 42 M May 98H Sept. 50 55% Mar. 17 38 Nov. 14 85 Mar. 9 53% Mar. 13 60% Mar. 11 74% Mar. 11 65 64 Mar. 10 M w. 10 110% May 29 ----- 59 Sale Sale ll2r" 60 Sale 113"" Sale 110% 107% Sale 112m Sale Sale 109 Sale Sale Dec. 28 107 108m 108 m 106 m 109m 105 m Apr. 7M Aug. 2 4 45 67 Sale Sale Sale 94 106 46 Sale 107M Sept. 107 H July 6 12 H Sept. 27 112M Apr. 22 114% June 15 38 48 Jan. 2 29 Apr. 4[ 102M Sept. 105m 117 - 100 62 70M Jan. 107 —- 4m 6% 105 108 106 m 106 % 104 m Sale 9m Sale 58 Dec. 111M Dec. 109 M Dec. 107 H Dec. 6 59 Dec. 8 113 M Dec. 8 112M Dec. 1 109 Dec. 1 6 105 Aug. Apr. 97 X Sept. 98H Sept. 96M Sept. 102 Sept. 101H Sept. 95 H Oct. 102 H Nov. 104 M Sept. 112K Sept. 114 Sept. 98 Sept. 64 % Apr. 53 101 Apr. Sept. 101M Sept. 100 Sept. 10% 108% 109% 109% Oct.. 28 June it Nov. 8 Dec. 1 109% July 15 110 Apr. 4 6 106% Dec. 113% 116% 111% 117% 118% 107% 81% Mar. II Mar. 3 June 26 June 2 July 31 June 15 Jan. 9 65 Aug. 5 6 113% May 112% May 8 110 May 13 28 N. Y. STOGK EXCHANGE—BONDS Sales for 12 Mos. 1939 |l BONDS n. y. stock Price 1939 exchange S 224,000 ♦iPacific RR of Mo 1st ext 4s_-1938 44,000 *A2d extended gold 5s— 1938 858.000 Pacific Tel & Tel 3 Ms series B__1966 732,000 Ref mtge 3MS series C 1966 6,000 Paducah & Illinois 1st s f 4M8--1955 568,000 Panhandle Eastern Pipe L 4s A_ 1952 Paramount Broadway Corp— 1st mtge s f g 3s loan ctfs 1955 Paramount Pictures Inc— 1,409,000 3 Ms conv debenture 1947 324,000 Parmelee Trans conv deb 6s 1944 16,000 Paterson & Passaic G & E 58^—1949 109,000 APaulista Ry 1st & ref 7s ser A__ 1942 352:000 Pennsylvania Co— Guar 3Ms coll tr ctfs ser B_._1941 Guar g 3 Ms tr ctfs ser O 1942 Guar g 3 Ms tr ctfs ser D---—1944 40-year guar tr ctfs 4s ser E__1952 28-year 4s ---1963 Penn Dixie Cement 1st 6s A 1941 Penn Glass Sand 1st mtge 4 Ms-I960 Penn Ohio & Detroit RR— Bid Bid 73 108 m 109 109 m 105 M Sale 101M 105m 110 57 m Sale 45 88 M Sale 50 m 85 M Sale 46 Sale 61M 121H 59 M 67 J 63 A O 108 J D J J 108 101 A M S O 49 M S 122 A Dec. 93 Sale A M S Dec. 1 Ask Sale F J F1 RANGE FOR PRICES IN DECEMBER YEAR 1939 Jan. 3 M S Ask Bid 74 M 77 M 75 Sale 110 49 m 74M Dec. 26 77M Dec. 29 67 74 75 Dec. 9 Dec. 108M Dec. 1 109M Dec. ! 108M Dec. 14 110M Dec. : 101M 105 Sale 48 Sale 84 M 44 41M 66 Sale Prices Mar. 10 65M Jan. Sale 83 M Highest Sale Prices Sale Prices Sale Prices 80 109M HI 124 67 Vs Ask Lowest Highest 80 75 m 70 110 Lowest 30 125 Sale 104M Dec. 27 105M Dec. 45M Dec. 16 83 Dec. 26 41M Dec. 123 Dec. 59M Dec. 12 48 7 Dec. 28 86M Dec. 46M Dec. 5 6 Jan. 45M Dec. 16 77 83 Dec. 29 June 8 June 12 Aug. Dec. 2 7 57M Jan. 17 Sept. 26 41M Dec. 12 6 123 Dec. 6 116 Oct. 66 Dec. 30 45 Apr. 6 3 16 77M 100 Sept. 5 112 100 Sept. 5 112M 101M Feb. 23 104M 99 Sept. 5 105M 91M Aug. 15 58 Feb. 27 16 127 July 24 Oct. 28 103 M July 104 July 17 25 106 Dec. 28 105 6 73 June 26 „ 71 000 7, 000 81 000 473 000 3,380, 000 530, 000 129, 000 579, 000 1st & ref gold 97, 000 Penn RR consol gold 884, 000 Consol gold 4s 403, 000 1,844, 000 1,102, 000 7,610, 000 2,257, 000 4,375, 000 2,518, 000 1,548, 000 5,918, 000 152, 000 678, 000 1,041, 000 528, 000 88, 000 1,138, 000 280, 000 886, 000 4,976, 000 278, 000 77, 000 152, 000 A J D J D 99m 102 100 M 99 MN 100m 98 m Sale F 99 m A M 5 J D A—-1977 A O 1981 Lt 3Ms--1969 1974 J J F F Sale 94 91m 106m 107m A A 4Ms series 4, 000 4Ms series B 2,068, 000 Pennsylvania Power & 1,237, 000 4Ms debentures F ; 1943 MN 1948 4s MN Stamped dollar bonds --^--1948 Gen mtge 3 Ms series C 1970 Consol 4Ms issue of 1915 1960 General 4 Ms series A— 1965 General 5s series B 1968 Debenture gold 4Ms1970 General 4 Ms series D_ 1981 Gen mtge 4 Ms series E 1984 Conv deb 3 Ms — 1952 Peoples Gas & Coke 1st 6s 1943 Refunding gold 5s— 1947 Peoria & East 1st cons 4s— —1940 a Income 4s (flat) --------1990 Peoria & Pekin Un 1st 5Ms A. -1974 Pere Marquette 1st 5s series A__ 1959 1st 4s series B 1956 1st g 4Mb series O------- —1980 Phelps Dodge conv 3 Ms deb 1952 Phila Bait & Wash 1st g 4s 1943 General 5s series B 1974 _ _ _ General g 4Ms serine General 4Ms series D 1977 93 m Sale 94 ----- Sale Sale O A 115 Sale 97 Sale Sale D 104 h Sale O 86 M Sale O 92 m Sale J 93 Sale O 82 Sale O 116m M S 113 m 56 m A O Sale Sale 5 Apr F A J J 66 % J J 6M 103 m 1* M 8 J D MiV Sale Sale Sale 115 Sale 108 M 108 M 108 F A 107 m J J 105 m 103 110 104M 1981 J D 98 m Sale gold 5s- — — 1967 J D 1967 M 8 110m 110M 1,892, 000 Phila Electric 1st & ref 3 Ms 13 m Sale J 2,514, 000 X APhila & Read C & I ref 5s. —1973 J Sale AConvertible deb 6s ----1949 M S 2,678, 000 13 m Sale J J 982, 000 1* APhilippine Ry 1st 30-yr s f 4s. 1937 ACertificates of deposit 5,375" 000 Phillips Petroleum conv 3s——1948 M S 112M Sale 93 m Sale 539, 000 Pitts Coke & Iron conv 4Ms A--1952 M S 236, 000 6,613, 000 Phila Co secured 132, 99, 11, 24, - 000 P O C & St L g 4Ms series 000 Con 4Ms series B guar g A O 104 m 108 A O 106 000 MN 000 47, 000 46" 000 8, 000 191, 000 49, 000 741, 000 922, 000 2,176, 000 7, 000 349, 000 255, 000 1,331, 000 31, 000 Con A—1940 1942 4mb series C guar g 1942 1945 MN Con 4s series D guar g Con 3 Ms series E guar Con 4s series F guar g 1949 g 1953 1957 H guar g--. 1960 Con 4M» series 1 g 1963 Con 4Mb series J guar 1964 Gen guar 5s series A— 1970 General g 5s series B 1975 General 1 Ms series C— 1977 Pitts Va & Char 1st guar 4s . 1943 Pitts & West Va 1st 4Ms ser A. 1955 1st mtge 4 Ms series B 1959 1st mtge 4Ms series C ---I960 Pitts Y & Ash 1st gen 4s ser A—1948 1st gen 5s series B 1962 1st gen 5s series C 1974 1st 4Ms series D 1977 F A J D 103 m 103 A 105 F A 112 113 MN 111 112m J D O 102 m 102 m Sale A J J 92m 94 M "45m 107 m 51 Potomac Elec Power 1st M Pressed Steel Car deb 5s MN Gen mtge 4Ms series C 744,000 Revere Copper & Brass 1st 68,000 ARheinelbe Union s»f g 7s a3 Ms assented 6,000 44 55,000 ARhine-West Elec Power 7s ADirect mortgage gold 6s 164,000 ACons mtge 6s 181,000 99 59 105 m 42 5§S 108 M ~~3m M S 49 m mtge 6s Sale Sale Sale Sale 4M Sale Sale 110m 98 -- — 108 97 m Sale 42 m 45 105m 110m 47 x 47% Sale ----- 78 m 106m 50 m 52 m 17 108m 84 m 4m Sale Sale Oct. 9 10814 Tune 23 102M Sept. 28 109 M Nov. 29 105 Dec. 5 106M Jan. 12 41M 42H 40M 106M Sale 65 42 29 11 108 62 64 M Sale" 6M 18 Sale 109 Sale Sale 80 84 H 3M 4M 60 113 m 111M iiiM 146 153 149 109 Dee. 81 Dec. 3M 60M 110M 141M 7 Dec. 16 Dec. 15 23 Dec. 8 104 Dec. 2 64M Dec. 29 64 Dec. 22 18M Dec. 12 30 109M Dec. 85 27 Dec. 29 14 8 Dec. Dec. 29 Dec. 28 Dec. 22 5 222 Dec. 29 6 109 Dec. 27 5 104 Dec. 15 50 M 50 Sale 83 m Sale Sale 50M Dec. 20 52 Dec. 23 55 % 73 M Sale 55 59M Dec. 5 , 74M Sale 99 M 98 M 68 Dec. 30 Dec. 20 68 M Dec. 100 M 21 99M Dec. 25 Dec. 13 100 95 14 1 109 27 15M Dec. 28 13 Sale 30m 13 m 40 29 11M 49 Sale 12 M Dec. Dec. Dec. Dec. Dec. 1 25 Dec. 5 Aug. 16 99 M Aug. 19 107 M Mar. 8 59 M Sept. 27 Sept. 27 59 M Sept. 27 106 M June 26 59 July Mar. 58 M Jan. 23 24 83 107 M Aug. Dec. 29 Dec. 22 19 Aug. 10M Sept. 101M Sept. Nov. 20 1I0M June 14 88 Mar. 14 6 Aug. 1M June 70 40 3 9 Aug. 64 M 64 Aug. Sept.27 60 M Dec. 29 112 Aug. 17 Feb. 102 M Sept. Oct. 131 Oct. 200 153 Julv 13 224 M Aug. 3 110M June 28 99 Sept. 95 M Apr. 104 M June 23 94 100 5 4 Dec. 12 Dec. 18 109M Dec. Dec. 18 105 4 27 5 18 8M Dec. 27 100 96 116 96 Oct. 7 5 914 100 M 102 M Dec. Nov. 13 3 Sept.11 Nov. 3 101M June 2051 Jan. 10 15 H Dec. 28 Mar. 7 10 M Oct. 7 9 July 18 102M Aug. 14 Dec. 12 Mar. 10 105 Dec. 25 5 Mar. 80 85H Apr. 102M Apr. 85M Apr, 95 Apr. 18 June 23 80 Sept. Sept. 2 Jan. 63M Oct. Dec. 13 13 Dec. 5 13 M Dec. 19 13 M Dec. 20 13 M Dec. 20 Dec. 68 92 18 79 63 50M Dec. 65 Sept. 50 Sept. 66M Sept. 27 15M Dec. 28 14M Dec. 19 Dec. Dec. Dec. 29 95% Dec. 18 6 100M Dec. 29 12 M Dec. Dec. 12 15 Sale 73 73M Dec. 30 97M Dec. 27 100 96M Dec. 18 100 Dec. 98 M 100M 100 93 M Dec. 94 Vs Sale 107 M Sale 106M Dec. 94 Dec. 94 95M 20M 22 27 M Aug. Sept. Sept. Sept. Sept. Apr Nov. Nov. 2 28 Jan. 14 28 Jan. 14r 27 M •Tan. 110 106 Sept. Aug. 4 5 8 17 Mar. 13 Dec. 1 45 Dec. 11 7M 42 Dec. 27 M Dec. 11 Dec. 27 31 Dec. 18 27M Dec. 44 Jan. 12 12M Dec. 29 Dec. 20 Jan. 7 5 Sept. 7 42 Dec. 27 11 13M Jan. 46 120 104 107 107 109M 107"" 109 M Sale 105M Dec. Sale 7 Dec. "l6"" 8 8M 10M "Id" 8 13 16 % 94 Dec. 107 Aug. 18 53 i05M 8M 9M 82 4M Dec. 27 Dec. 29 60M Dec. 14 111M Dec. 22 141M 216 Dec. Sale 218m 222 Sale 108M 109 M 107M Dec. Sale Sale 103 M Dec. 104 118 7M 1 48M Dec. 19 48 M Dec. 11 15 M Dec. 27 13 13 Vs 12M 13M 13M 12M 12M 13 13 M 112M 108 108 M Sale 108 Vs 108 105 102 M 105M 102M 105 8M 10M 8M 10m 7M Sale Dec. 28 44 M Dec. 22 45 Dec. 27 46 8 106M Dec. 78M Dec. 12 % 12 M "55" 28 105 M Sept. 52 26 M 13 45 81 104 m 103 m — 102M Sept. 26 105 M Mar. 16 9 106M Oct. 21 109 M June 104 106M "55" O 10M 97 M 8M 97 M 9M Sale 109 M 109 93 H 88 M 18 106 Sale 107 Sale 42m Sale A Sale 8 ' 106 M S 106 M 3 Sept.13 105M Sept. 90 Apr. 28 101M Sept. 13 110m 58 107 m 103 m 43 30 106 117m 115 42 m 29 M 30M 1,031,000 Saguenay Pow Ltd 1st M 4 Ms. .1966 A O 54,000 St Jos & Grand Island 1st g 4s_ .1947 J J St Lawr & Adirondack 1st g 5s—1996 J J 2d gold 6s— -..1996 A O Jan. 1 117 Sept. 26 M 5 7 14 Oct. 26 M J 29 Sept. 28 Sept. 11 101 26 M 1941 J 19 101M Jan. 92 M Sept 106M Feb. 23 M July 23 July A 5M 7M Dec. 112M May 19 110 1953 F Sale 35 1 106 % 1 1950 MN 1952 MiV 5 13 6 9 105 108 13M 12 Oct. 107 m 108m 105M Dec. 7 107M Dec. Dec. 105 Dec. 22 106 Sale 106 99 Dec. 1 99 Sale 96M Dec. Sale J Sale 115 Sale 106 21M O Oct. 72 111 J M S 68 115M Sept. 5 111M July 28 115 July 25 110 Aug. 17 8 107 M June 16 3 108M Aug. 117 M July 28 7 118M June 107 M Aug. 16 1946 1953 J M 27 27 Feb. 15 M Oct. 11M Oct. Oct. Sale M S 77 106 M Aug. 4 76 M Oct. 11 Jan. 96 39 6 Sept. Sept. Sept. Sept. Sept. 117M Aug. 11 105 Sale 1967 1967 1969 1934 I 7M 3M 9M 2M Sept. Sept. Sept. 7 Mar. 25 90 M Oct. 6 117M Mar. 11 105 110 99 M 50 41m 19 h 122 M 108 h 109M Dec. 13 111M Dec. 96M Dec. 28 98M Dec. 2 June 8 J J 6 13 7 2 2 Mar. 15 28 J J 12 1 Dec. Dec. 16 8 Dec. Dec. 29 Dec. 27 Dec. 19 97 Nov. Dec. J 13m 11 Aug. 16 8 117M Dec. 1946 J F 29 6 June 21 101M 108 M 90 H 97 8 109 Sale 30 29 Dec. Dec. 90 M June 120 Dec. 100 Sale Dec. Dec. 109M Sept.28 Aug. 4 113M July 15 114 Dec. 100 % 104 M 20 M Dec. 18 5 108 94 M Sale 98 100 m 100 J Dec. 6 Sept. 7M Sept. 8M Oct. 1 Sept. 0 Sept. 2M Sept. 0 Sept. 9 Apr. 0 Sept. 9 Sept. 4 M APr0 Sept. 8 Sept. 3 Aug. 3 Aug. 3M Jan. 7M July 2 May 4 May 6M Mar. 3M Sept. 5 94 m Sale 9 95 M May 26 108 % Dec. 30 108 M Nov. 24 5 105M Dec. Sale 94 9 8 99 M Aug. 17 Jan. 0M Sept. 1M Sept. Dec. 99 Vs 98 m Sale J Sale 105 Sale 107 Sept 3M Jan. 18 73 M 99 MN Oct. 18 102 M Dec. 12 107 M Dec, 98 m 1948 A For footnotes, see page 30. Sale 114m 107 m 72 M S Dec. Dec. Dec. Dec. 116 Sale Sale MN 19 Dec. 15 Dec. 14 8 Dec. Dec. 22 Dec. 108m 109m 109 70 Sale 1955 Dec. 113 71 1949 J f ARutland RR 4Ms stpd Sale 56 102 m 114 96M 96 H 86M 6 115M Aug. 14 100 M Aug. 11 107M Jan. 16 105 J M S Sale 96 108 m 107 m J J 1 Sale 102 M 103 m 102M DeC. 106 m 106m 107 m 109 106M Dec. 108 m 107 m 109 m 105m 59 m J 88 M Dec. Sale Sale & coll tr 4s series A. .1949 A Rochester Gas & El 4 Ms ser D..1977 M 15:000 AKuhr Chemical 6s 98 Sale O 9 29 Dec. Dec. 22 4 Dec. Dec. 18 Dec. 27 87 m Sale 16 Dec. 1 101H Dec. Dec. 1 108 Dec. 22 118 10217aj 50 D con 220,000 1 ARutland-Canadian 4s stpd 111m 55m D 87% Dec. 117 107M 85 M 94% 95M 83 M Sale 89 105 6 74 m J A Sale 115m Sale 115M Dec. 30 117 74 66 Dec. 18 68 M 69 m 10 8 Dec. 27 9m 9M 7m 8m Dec. 18 106 h0m 106 M 110m 106 67 63 M Dec. 28 65"' Sale Sale 64 57 52 M Dec. 56 7 50 57 58 56 Dec. 60 Sale 59 4 58 55 m 109 Dec. 4 111M 110 Sale 110m Sale 109m 110M 109M Dec. 14 109M 109m 1 114H 111M Dec. 114m Sale" 110m 115 106 m 107 106M Dec. 29 108V8 108m 110 .107" 106 m 105M Dec. 14 106m Sale Sale 6 106M 106 105M Dec. 105m Sale 109 M Dec. 7 111 110 110M 110M Sale 12 M 10M Dec. 11m Sale 11m Sale 3M 3M Dec. 11 3M Sale 3m Sale 7% 6M Dec. 6m Sale 6m 70 140 93 j*ARio Grande Western 1st g 4sl939 Gen mtge 3 Ms series H Gen mtge 3 Ms series 1 Gen mtge 3 Ms series J 225,000 557,000 *t ARock Is Ark & Louis 1st 4 Ms 86 115 Sale 95 Sale 112M 114 116m 117 216 F Sale 19 6 108 86 m 96 21 4 114 Dec. ioim 101M 100M Dec. Sale Dec. Dec. 113 Sale 85 m J 97 M 12 113% Dec. 6 88M Dec. 112 Sale 88 Sale Sale 110 D 98M Dec. Sale Sale O J 109 98M Sept. 96 M Sept. 3 113m 113m 88 m 117m 113 88 95 m 95 x D 1,040,000 "i~66o 108 J J 97M Dec. 22 1 108M Dec. 30 106M Dec. 2 108m 107M Dec. 13 108M Dec. 109 m 108M Dec. 13 108M Dec. 22 Sale A J '94 97 m 100 109 114 J Richfield Oil 4s conv deb -1952 Richmond Term Ry 1st guar 5s_1952 ARima Steel s f 7s 1955 1*aR1o Grande June 1st guar 5s 1939 107 J J 96m 107M 111M 111M 87 m 117m 100 H 106 Sale 82 MN 1,631,000 97,000 18,000 40,000 574,000 197,000 51 106 A 4MS-1956 61,000 ARhine-Ruhr Wat Serv 6s Alst • IoIm J 98 m 100 101M Jan. 101M Jan. 99M Jan. 102 Sale 108M Sale ----- 1956 MN 2,035,000 ACons 49 44 3 Ms-1966 *a6s stamped 1941 20,000 745,000 Read Co Jersey Cen coll g 4s—1951 Gen & ref 4Mb series A 1997 2,202,000 Gen & ref 4Ms series B 1997 466,000 2,769,000 Remington Rand deb 4Ms w w.1956 220,000 4Ms without warrants ---1956 4,000 Rensselaer & Saratoga 1st gu 6s _ 1941 3,111,000 Republic Steel Corp 4 Ms ser B„ 1961 Purch money 1st 5Ms conv. -1954 1,944,000 Sale 7 102M Dec. 22 Dec. 28 105M Dec. 21 106 1 6 104H Dec. 104 Dec. Dec. 29 7 103 100M Dec. 93 Dec. 6 99H Dec. 26 104 103 F D 96 102M Dec. 105m Sale 103 MN 1951 X AProvidence Secur deb 4s gu_—1957 t AProvidence Terminal 1st 4s—1956 Public Service El & Gas 3 Ms—1968 1st & ref mtge 5s 2037 1st & ref mtge 8s. 2037 1,505.000 Pub Serv of Nor 111 3 Ms. — 1968 1,463,000 Purity Bakeries Corp s f g 5s_ __ 1948 X ARadio-Keith-Orph pt pd ctfs for deb 6s & com stk (65% pd) ♦ADebenture gold 6s 1941 1,099,000 166.000 105 Con 4s series 12368 000 Portland General Electric 4Ms—1960 M S J J 50,000 1st 5s extended to 1950— 709,000 X APorto Rican Am Tobacconv 6SI942 540.000 a6s stamped —_ —--1942 21336000 t*APostal Teleg & Cable coll 5s. 1953 279,000 299,000 113,000 15,000 221,000 8,000 •32,000 108 m 106 m Con 4s series G guar g J 97 m 95 - 108 Sale 1%'i D A 93 104 106M 110 88 MN 102m 104m 102 m 104 104 % 104M 106 105m 106 104 Vs Sale 104 m 104m 102 % Sale 101M Sale 94 94 80 80 4 107 14 16M Dec. 18 7M Dec. 28 8 Dec. 19 Dec. 30 Sept. Dec. 4 16M Dec. 8M Dec. 9M Dec. 18 16 4 4 4 5M Jan. 8 97 M Dec. 30 94 Dec. 4 109M .Pec. 27 109M Dec. 27 7 104 Dec. 30 99M Sept. 26 107 7 Dec. 14 13M Jan. 7 Nov. 2 Jan. 26 25 30 Aug. 11 Nov. li Oct. 8 4 28 88 Sept. 28 107 M June 6 103M Sept. 25 109M Dec. 27 Jan., 1940] N. T. STOCK Sales for 12 Mos. 1939 PRICES IN DECEMBER Price bonds 29 EXCHANGE—BONDS RANGE FOR YEAR 1939 Jan. 3 N. Y. STOCK EXCHANGE Dec. 1 1939 Ask Bid Bid Dec. Ask Bid Lowest 30 Ask Lowest Highest Sale Prices Sale Prices Highest Sale Prices Sale Prices St Louis Iron Mtn & South— i*River & Gulf Div 1st g 4s-.-1933 1,381,000 ACertiflcates of deposit 88,000 1948 535,000 1 ASt l Peo & n w 1st 5s 127,000 St l Rky m & Pac 5s stamped--1955 £ ASt Louis-San Francisco ry— APrior lien 4s series a 6,279,000 1950 ACertiflcates of deposit 5,064,000 APriorlien 5s series b •1,937,000 1950 ACertiflcates of deposit 751,000 ACon m 4^s series a 8,322,000 1978 ACertiflcates of deposit stamped 5,939,000 1,111,000 151,000 998,000 827,000 13,000 24,000 632,000 mn 63 m Sale j 16 Sale 64 J J j 54 m 57 j J 13% 13 m Sale Sale J J 57 m 50 21 58 m 61 Sale 63 9 Sale 61m 35m Sale 11m Sale 8m Sale 11 Sale Sale Sale Sale Sale 60 m Sale 60 m Sale 33 Sale a Gen & ref 5s series a 1990 j St Paul & Duluth 1st consol 4s__1968 J 1 ASt Paul e Grand Trunk 4 %s_-1947 J J 14% d F a j 27 m 17 m 10 82 6 8X4. 4% 14 Sale 7 23 m Dec. 30 61 Dec. 8 12 Sale Dec. 58 Dec. Dec. Dec. Dec. 11 4 Dec. 29 11m 12m 11m 11m 8m Dec. 11 8m Dec. 11 8m Dec. 4 9 Dec. Dec. 30 Dec. 30 60 8 Sale Sale 23 m Dec. 61 Sale 11m Sale 11 % 61 54% Dec. 19 53%. Dec. 26 21%.Dec. 6 8m Dec. 11 8m Dec. 12 Sale 10 Sale 9% Sale M s j t ASt Paul & k c Short l gu 4 %s 1941 Sale 9m 8M 9m 9% Sale 1952 J g A2d gold 4s income bond *Alst terminal & unif 5s 60 23 m 58 m 23 Sale Sale ' ' 4s—1989 m N j Nov 1989 j t ASt Louis Southwest 1st 61 Sale 59 m Dec. 28 30 28 30 30 60m Dec. . 7 Sept. 6m Sept. 7m Apr. 10 7 Aug. 24 6m Aug. 28 6m Aug. 28 1 Dec. 1 26 Dec. 19 15 10m Dec. 18 5m Dec. 4 7 97 m Dec. 98 m 115% 115m Dec. 98 Dec. 116 Dec. Dec. 30 6 5 m jan. 64 Jan. 6 5 23 m Nov. 29 62 m Mar. 24 14 Jan. 13 m Jan. 14m Jan. 14 14 Jan. Jan. 13 m Sept. 27 65 54m jan. 33 4m Dec. 5m Dec. Sale Apr. 8 51m Apr 11 12m Mar. 31 52m Apr. 10 ■ 20 27m Dec. 15% Dec. 8m Dec. 95 7% 52 Mar. 9 35 M Jan. June Sept. 8 Aug. 22 87 May 19 3m May 24 3m Apr. 8 12 4 5 87 M Mar. 24 23 M Mar. 15 M Jan. 6M Apr. 6 Jan. 4 9 St Paul Minn & Manitoba— tPacific Ext sterling guar 4s.-1940 197,000 434,000 St Paul Union Depot 1st 5s guar. 1972 1,041,000 San Ant & Aran Pass 1st guar 4s. 1943 1963 461,000 San Antonio Pub Serv 4s 460,000 San Diego Cons g & e 4s 1965 97,000 Santa Fe Prescott & Phoenix 1st 6s'42 71,000 xASchulco Co guar 6%s 1946 262,000 AStamped AGuar. sinking fund 6 %s b—1946 57,000 155,000 AStamped 26,000 79,000 1,976,000 220,000 1,599,000 229,000 7,481,000 3^806,000 158,000 1,831,000 252,000 5,518,000 393,000 74,000 59,000 294,000 2,077,000 959,000 1,510,000 ^ J j J j A o 98 97 m 100 114 115m h5m 63 108 m 107m Dec. Ill 110 108 109 m J a a 110 J 16 m 18 27 % 22% 18m o 29 30 29 o 27 m 32 29 109m 109m "25"" 17 m 20 m 17% 32 29% 32 28m A o O Sale 13 m 15 f a Sale 1m Sale o 5 Sale -Oct 1949 ACertiflcates of deposit Alst & cons 6s series a 1945 m 5 ACertiflcates of deposit-— t* AAtl-Birm Div 1st g 4s May 1933 m's x ASeaboard Alr-Fla 6s a ctfs-—1935 f A a68 series b ctfs of dep 1935 f A J debs.— 1954 j Shinyetsu el Pow 1st 6%s 1952 j D 14% 98/ 16* 4m 4m , Sale Sale Sale Sale 7% 6M 11 Sale 1951 m S 1946 f A 1941 6%s Corp 6%s Silesian Am Corp coll tr g 7s ASilesia Elec 54 74 76 1952 Simmons Co conv deb 4s_ Skelly Oil debenture 4s _ 98 m 1951 103 m Southern Calif Gas 4 ms 1st mtge & ref 4s 1961 1965 Southern Colorado Pow 1st g 6s-194 7 Southern Kraft Corp 4 ms 1946 Sale Sale 13 ___3m Sale 3m Sale Sale Sale 60 77 Dec. 13 6 Dec. 29 5 3m Dec. 3% Dec. 94m Dec. 61 95 m 62 m Dec. 25 Sale 4h 10m 24 h 23 79 m Sale Sale 107% j m 8 f A j J jr d 1% 4m 4m 7% 6% 15 106 m 109 m Sale Sale 100 101m 90 m 91m 9 5 8m Dec. 8 ' 5 Dec, 15m Dec. 30 Dec. _ 5 4 Dec. 8 3m Dec. 95m Dec. 29 62m Dec. 13 ■ Dec. 5 25h Dec. 20 5 29m Dec. 7 17M Jan. Jan. 3 3 Jan. 4 91 Sale Sale 7 100 107 m Dec. 103 Dec. 108 97 Sale 108m 107 109 m-Sale 109 105 105m 105 97 m Sale 96m 106 Sale 106m 107 Dec. 7 109 Dec. 28 Dec. 28 5 105 Dec. 15 109 Dec. 2 Dec. 7 110 Dec. 2 Dec. Dec. 27 106m Dec. 98 Dec. 1 8 105m Dec. 42m Dec. 106m Dec. 20 7 47m Dec. 1 97 115 3 Jan. 3 5 Jan. Dec. 9 29 62 M Dec. 13 75 M Jan. 7 95 M 23 M June 14 Mar. 8 82 100 M June 7 105 M Dec. 21 105 M Dec. 23 Dec. 9 120 Jan. Sept. 5 110 93m Sept. 23 105 103 m Sept. 5 109M 105 Sept. 11 110M 100 Apr. 11 106M Sept. Sept. 27 Jan. 4 10M Jan. Sept. 27 100 87 9 19 5 Sept. Apr. Sept. Sept. 98 Dec. 8 J* June 22 29 99 4 June Oct. Sale 108 m 105 105m 108 103% Sale 108% Sale 109m 110 106m Sale 119m June 19M Mar. 88$ Sale, 104m Dec. 28 105m Dec. 21 105%; 103% Dec. 11 105m Dec. 23 120 Dec. 9 120 Dec. 9 1 Aug. 4m June 11M Aug. 2m Apr. May Sept. 50 Aug. 25 m Nov. 104m 25 June 10 29m June July 18 31M Nov. 6 32 M May 24 Sept. 2m May 100 105 20 21 Feb. x7m lH 8 18 110M Mar. 11 Apr. Apr. 25 15m Dec. 29 1 3m Dec. 7m 15m 10% 19 Sale 5m • 111m o 15 25 19m Dec. 30m Dec.' 30m Dec. Feb. 112M Jan. 15m Feb. Dec. Nov. 68 M Jan. 11 107 M Nov. 29 Sept, Sept. Apr. 105 109 Dec. Dec. Dec. Dec. Dec. Dec. Sale Sale 1963 a. Sale .1964 Southern Bell Tel & Tel 3 ms—1962 a 3s debentures 1979 j 18 118 June 99 Dec. 109m Dec. Dec. _ 5 Sale 21m 16 15m 8h 5m Shell Union Oil2%s ASiemens & Halske deb 47" 116M Feb. 1959 a ♦AStamped 4s AAdjustment 5s * ARefunding g 4s Dec. Dec. Dec. Dec. Dec. Dec. 99 96 May 111m Sept. 115 —1950 A ♦jASeaboardAir Line 1stg4s_^-1950 Dec. 112 111% Sale" m s J 51 56m Dec. 107m Dec. mn j Sale 53 m 107 m Sale 1989 MN Scio Vail & n e 1st guar g 48 Socony-Wacuum Oil 3s debs 35,000 South & Nor Ala gu 5s 895,000 1,425,000 1,453,000 598,000 707,000 1,852,000 j J 6 98 May 20 Dec. 28 Nov. 13 Feb. 3 Nov. 29 Dec. 8 Southern Natural Gas— 1st mtge pipe line 4 ms 1951 1,103,000 3,062,000 Sou Pac Co 4s Cent Pac coll Aug '49 1st 4Mb (Oregon Lines) ser a.1977 5,847,000 Gold 4 ms5,775,000 1968 Gold 4ms 12943 000 May 1 1969 Gold 4ms--12283 000 1981 3,551,000 10-year secured 3 ms 1946 San Francisco Term 1st 4s 1950 958,000 5,597,000 South Pac rr 1st ref guar 4s—1955 ) 4s stamped 1955 4,011,000 Southern Ry 1st cons 5s 1994 Devel & gen 4s series a 17910000 1956 Devel & gen 6s series a 1956 2,946,000 Devel & gen 6 ms series a 3,672,000 1956 87,000 Memphis Div 1st g 5s 1996 St. Louis Div 1st g 4s ---1951 250,000 827,000 Southw Bell Tel 3 Ms series b—1964 1st & ref 3s series c 1968 2,495,000 543,000 s'western Gas & Elec 4s ser d-.1960 634,000 tASpokane Internat 1st g 5s—1955 79,000 Staley (a e) Mfg 1st mtge 4s--.1946 1961 73,000 Standard Oil n j deb 3s. 4,819,000 15-year 2 Ms debs 1953 2,532,000 Studebaker Corp conv deb 6s. 1945 1950 1,399,000 Swift & Co 1st m 3 Ms - _ 157,000 216,000 1,702,000 588,000 4,371,000 4,339,000 Tenn Coal Iron & rr gen 5s A o J j j j j J A O A O A O j J J j j D j j MN j J 84 m 518 83 m 59% 73 m 75 m Sale Sale Sale Sale Sale Sale 70 78 65 66 m 104 m 107% 14 j d 105 j 103 J J j mn 1944 83 m 107 46 Sale 46 Sale 50 m Sale Sale 49 m 47 m 46 Dec. 51 Dec. 1 45 Dec. 50 "Dec. 7 Sale 48 m 48 m Sale Sale Sale Sale 44m Dec. 44m Dec. 50 Dec. 7 56 Sale 52 50 56 Dec. 7 Dec. 30 79 m 63 Sale 79m Dec. Sale Dec. 48 m 49 49 Sale 55 m Sale Sale 81m 65 m Sale 88 m 59 m Sale 77 m Sale 81m Sale 70 70 Sale Sale 15 Sale Sale Sale 107 m 84 Sale Texas Corp 107 m Sale 106m Sale 104 Sale 50 78 5 73 • Dec. 27 70 126M 114m 108 m 115 84 88 106 m 105m m 50 126 114 Sale 89 m Dec. Dec. 107 Dec. 88 Sale 105 Sale 104 29 29 100 Sept. Sept. Sept. Sept. Sept. 19 15 109% 22% 105% 106% 106 % 99% 107% 12m Apr. Sept. 97m Sept. 94m Sept. 68 Apr. 103 Sept. May 11 July 19 115 9 2 23 30 13 126m Dec. 8 114m Dec. 74 Mar. 10 112 J4 Feb. 20 109 May 27 7 6 108m Dec. 28 27 89m Dec. 16 4 106m Dec. Dec. 9 Dec. 2 105m Dec. 30 Dec. 102 June Jan. 7 10 June 27 Dec. Jan 30 6 Sept. 21 130 June 22 112% Nov. 9 116% July 14 ~ Sept. 5 110% July 22 100 79 Jan. 24 95 Mar. 10 Sept. J> 108% Jan. 10 95% Sept. 5 105% Dec. 30 102 69 110M 111m 109m Dec. 12 111 67 Dec. 27 72 69 m Sale June 20 5 67 Dec. 89 Mar. 14 28 72 Dec. 7 67 Dec. 89 69 m m S 119 Dec. 67 73 m 100 m 68 Sale 66m Dec. 27 72 Dec. 15 66% Dec. 89 99 J j 39m A o 7% Sale Sale 50 13 m 95 m 107 56 j d 88 m Sale Sale 1950 A o 234,000 Tol St l & West 1st g 4s Tol w Va & Ohio 1st guar 4s c--1942 m s Tor Ham & Buff 1st 4s 1966 J d 26", 000 1949 m 8 14,000 Trenton Gas & Elec 1st 5s 53 m j 92,000 Tri-Cont'l Corp conv deb 5s ser a '53 J 29,000 ATyrol Hydro-Elec Power 7 m8--1955 mn AGuaranteed sec s f 7s— 1952 F a 16,000 298 000 Ujigawa Elec Power sec 7s 1945 m 8 J 1962 j 1,698 000 Union Electric (Mo) 3 ms 172 000 ♦jAUnion Elev Ky Chic 1st 5s-_1945 273 000 Union Oil Cal 30-yr 6s ser a May '42 13 ms debentures 1952 1,088 000 88 90 67 87 60 m Sale 88 m 62 57 89 61m 96 m 108 m Sale Sale 115m 116m 99 m Sale 1970 a o 1971 mn 55m Dec. 4 57m Dec. 29 87 Dec. 4 89 64 m 61 Dec. 18 Sale 11 106m Dec. 12 12 - Sale Sale 8 Sale Sale 102m 113 m Sale Sale 107 Sale 107 Sale 108 Sale 114 Sale 96 Sale 963 Sale 115m 113 m 114m 113 m 97 Sale 95m Sale 96 m 95m 96 m Sale 108m 108m Sale 72 m 70 h 65 m "67 66m 83% Sale 106m Dec. 21 13 m Dec. 14 83 114 o Dec. 107 m Sale' 365, 000 United Cigar-Whelan Stores 5s. 1952 a 12 1 88 Dec. 89 m 8 88m Dec. 7 106m Dec. 22 108m Dec. Sale 6m Dec. 16 7m Sale 7m Dec. 30 112me Dec. 11 112 m Dec. 21 112m 112m 112m h4 88 107 m 7 Sale 108 m 109m 63 m Dec. 11 112% O Dec. 30 10521sjSale 115 96 m 96 m 95 104 Dec. 52 37% Apr. 7% Jan. 87% Jan. 98 Sept. Mar. 14 Mar. 14 July 26 Nov. 22 16% Oct. 17 98% Aug. 23 107% May 29 Aug. 24 84% Oct. 5 60% Feb. 17 90% Mar. 15 54% Jan. 71% Oct. 49 4 20 --- 109 A 1| 109% Dec. 95 101m June 2008 m 8 • 57 m Sale 122 125 121m 125 106m 107m 106m 108 12 ::::: "27" Dec. 98 97 m ----- Dec. 4 Dec. 20 100 Dec. Sale 48 Dec. 20 51m 51m Dec. 30 Sale 15 Dec. 13 13m Dec. 20 14m Sale 98 m 4 97 m Dec. 97 m 97 98m Dec. 15 Sale Dec. 1 106 m 107 106m Dec. 21 107 95m 100 96m 123m 124m 108% 110 1959 3,445 000 Union Pac rr 1st & land grg4s_ 1947 First & refunding 4s June 2008 M 8 2,567 000 6 Dec. 82% Oct. 18 Sept. 27 Sale 55 m 30. Dec. 70 84 % Oct. 17 80 Mar. 17 81 70 d page 75 Apr. Sale j see 78 Sale 91% Mar. 11 70 Sale For footnotes 83 Apr. Apr Apr. Sale 106 m BiscuitjfAmer) deb 5s—1950 26 Mar. 11 72 M Mar. 10 Sale j 240 000 United Dec. Mar. 10 93 Mar. 10 Mar. 9 Mar. 9 70 J 1st lien & ref 5s 80 Dec. 29 68 Sept. Sept. Mar. 111 2000 1977 1979 34-year 3 ms debenture 35-year 3 ms debenture Sale 57 58 97 j 537 000 77 44 7 27 J 2,203 000 2,222 000 8 Dec. 29 79m Dec. 60 Sale 3s debentures Dec. 61 . 102 107 m 88 m Gen & ref 5s ser d 1980 814,000 228,000 Tex Pac—Mo Pac Term 5m8 a.1964 i960 3,259,000 Third Ave 1st ref 4s 14190000 AAdjustment income 5s. _Jan 1960 1937 254,000 ♦AThird Ave rr 1st gold 5s 1,619,000 Tide Water Assoc Oil deb 3 Ms..1952 Tokyo Electric Light (Ltd)—' 1st m 6s $ series June 15 1953 3,448,000 392,000 Tol & Ohio Cent ref & imp 3 Ms-1960 86m Dec. 28 58m Dec. 12 2 76m Dec. 89 Sale 15 Sale 1951 1959 ----1943 54 27 104 m 80 deb 3 Ms 5 Dec. f gold 4s —1953 Texarkana & f 8 Ry 5Ms a guar 1950 s 78 9 61 H 57% 57 M 57 M 37 m May 51 May 8 Sale Sale May 40 m May 39 May 37 m May 88 61 127 Gen ref 40 79 82 m 75 m 71 78 73 124 m 114 125 82m Dec. 66m Dec. Sale 126 m 113m 114 3s debentures Texas & n o cons g 5s 814" 366 Texas & Pacific 1st g 5s Gen ref 5s ser b 896,000 Gen & ref 5s series c 703,000 565 000 Sale Dec. 106 M Dec. 20 58 H Mar. 10 100 m Sept. Dec. 1 111m Dec. 111M 111M 110 Sale 106 107 m Sale 7 108 Dec. 105m Dec. 8 106m Dec. 106 m 107 m 104m Dec. 105% Sale Sale 18 18 7 Dec. 16m Sale 16m Dec. 105 Dec. 9 105 105 107 Dec. 105m 107 104% Sale 104m Sale 104m Dec. 30 105m Dec. 2 105m Dec. 104 m 104m 105m Sale 104m Dec. 94 Dec. 9 94 m Sale 99 m Sale 99m Dec. 7 107 Dec. 104 m 106m 105m 106M 105m Dec. 110 111m f a 104m 105m -.1951 Term rr Assn of St Louis 5s Sale a o 101 Sale 56 j d m 8 58m Sale 54 m Sale m 8 Sale 54 mn Sale 55 mn Sale 62 j J 10515ji107 105153»Dec. 101 Dec. 21 10521»tDec. 113 m Dec. 106 m Dec. 22 114m 7 108 1 7 102 m Dec. 26 Dec. 4 Dec. 20 2 Dec. 16 115m Dec. 6 Dec. Dec. 18 97 4 97 Dec. 7 Dec. 1 109 Dec. 27 Dec. 4 Dec. 28 71m Dec. Feb. 27 97% June 15 100 123% Mar. 4 125% May 13 Jan. 10 104% Apr. 26 109 12 Dec. 1 24 Aug. 8 26 Jan. 9 10 Nov. 6 71% Mar. 101% Sept. 6% Dec. 108% Sept. 105»«Sept. 99% Oct. Sept, 103] 100 Sept 110 Mar. 89] Sept, Sept. 89] 104% Sept, 65 Sept, 91 Nc-r. 20 110 Mar* 13 Feb. 7 116% Jan. 17 7 109% Jan. 102% Nov. 9 June 12 115 13 110% 116% 100% 100% June 7 Feb. 20 June 6 110 Nov. 29 June 83% Jan. 6 3 N. Y. STOCK 30 Salesfor is1 12 Mos. BONDS 1939 105,000 509",000 2,431,000 4,808,000 1,503,000 2,662,000 Bid 1944 ♦JiUnited Rys St L 1st g 4s. 1934 U S Steel Corp3%s debs r-1948 AUnited Steel Wks g 6%s ser A 1951 a3 %s ser A assented 1951 a6%s series C 1951 a3 Mb ser C assented 1951 ASinking fund deb 6 Mb ser A 1947 a3 Mb ser A assented * 1947 United Stockyards 4 Mb w w 1951 Utah Light & Trac 1st & ref 5s. -1944 Utah Power & Light 1st 5a. —- 1944 t* AUtilities Pow £ Lt deb g 5%s 1947 a Debenture 5s. __ . M S M S J J Ask 69 % Sale 108% 110 24% 105 % 49 % 25 Sale Sale Dec. 30 Ask Bid Bid Ask Lowest Highest YEAR Sale Prices Sale Prices Lowest 1939 13 13 Highest Sale Prices Sale Prices 76% Dec. 1 80% Sale 80% Dec. 8 77% Sale 109% Dec. 30 109% Dec. 30 109% 109% Sale 37% 35% Dec. 11 37% Dec. 21 ,35% 37% Sale Sale 105% Dec. 13 106 .Dec. 1 105% Sale 106 21 Dec. 15 22% Dec. 27 16 22% 109 "49% Sale" 69 104 Jan. Oct. 4 21% Dec. 19 22% 84% Aug. 3 Sept. 28 111 July 25 24% Jan. 6 38% Nov. 29 100 Sept. 6 106% Aug. 8 Jan. 4 11% Sept. 20 50 11 Oct. 5 14 Oct. 21 Jan. 4 11% Sept. 20 50 23% Dec. 29 21 % Dec. 23 Dec. 29 20 90 Dec. 83% May 17 13 22 88 M 94 90 Sale 94% Sale Sale Sale 66 66 A O 98 1,253,000 Vanadium Corp (Am) conv 5s. .1941 1955 F A 106 4,000 Vandalia consol g 4s A-..MJV Consol 4s series B -.1957 31,000 99M 22% 13 49% Sale 1959 — Dec. 1 1939 1953 United Drug Co (Del) 5s UNJRR& Canal Co gen 4s. * RANGE FOR Jan. 3 $ 15,000 53,000 PRICES IN DECEMBER Price h. t. stock exchange 3,027,000 73,000 564,000 7,226,000 234,000 EXCHANGE—BONDS 25 20 90 90 Sale 89 16 Dec. 89% 102% Sale 101% 102% 101% Dec. 103 Sale 103 Sale 102% Die. 15 103% Dec. 8 89% Dec. 30 89% Dec. 30 102% Dec. 80% Sale 89% Sale 80 Dec. 81 Sale 89% Sale 80 Dec. 104% Sale 109 105% 106% 104 109 108 19 Dec. 11 107 Dec. 7 8 109 Dec. 8 Dec. 13 50% Jan. 4 90 9 Jan. 93 Jan. 26 102% Nov. 17 ■93% Apr. 11 103% Nov. 22 66 Jan. 3 65% Jan. 3 89% Dec. 30 89% Dec. 30 96 Apr. 10 118% Sept. 12 106% Feb. 10 109% Aug. 3 106% Jan. 24 109% June 22 Vera Cruz & Pacific RR— 1,000 141,000 1,196,000 103,000 8,000 273,000 2,392,000 2,138,000 1,093,000 91,000 94,000 174,000 99,000 58,000 1,606,000 1,689,000 2,363,000 1,639,000 561,000 768,000 72,000 J ♦a4%s July 1914 coup off__..1934 J * a4%s assented 1934 M S Virginia Elec & Pow3Mbser B.. 1968 Va Iron Coal & Coke 1st g 5s—1949 M S 2003 J J -.1958 A O Va & Southwest 1st guar 5s First cons 5s A 1966 M S t*AWabash RR 1st gold 5s.—.1939 ♦ASecond gold 5s— 1939 Alst lien 50-year gold term 4s 1954 ADet & Chi ext 1st g 5s 1941 MN F A Virginian Ry 1st & ref 3 %sser % 108A 35 65 40% 100 Sale 62 106% Sale Sale Sale 49 28 25 *ADes Moines Div 1st g 4s—1939 AOmaha Div 1st g 3%s ATol & Chic Div 1st g 4s 31% 50 17 17 38 1941 1941 MS M S t AWabash Ry ref & gen 5%s A.. 1975 ARef & gen 5s (Feb *32 coup) B '76 F A ARef & gen 4 Mb series C .1978 ARef & gen 5s series D— 1980 Walker (Hiram) G & W deb 4 Mb 1945 Walworth Co 1st mtge 4s -.1955 6s debentures 1955 % Sale" 3,162,000 774,000 542,000 950,000 1,361,000 1,800,000 2,869,000 3,468,000 282,000 1,440,000 390,000 219,000 1,859,000 32,000 875,000 1,132,000 1,048,000 41,000 2,389,000 185,000 412,000 t AWarren Bros Co. deb 6s. 1941 M S Warren R R 1st ref gu g 3%s—.2000 F A Wash Cent Ry 1st g 4s .1948 QM Wash Term 1st guar 3%s 1945 F A 1945 1st 40-year guar 4s. Westchester Light gold 5S Gen mtge 3 Ms. ; -.1950 1967 West Penn Power 5s series E—1963 1st mtge 3 Ms series I —1966 West Va Pulp & Paper 4Mb 1952 West Maryland 1st J D J J First & ref 5 Mb series A "23"" — Teieg 4%s — gold.i960 AWestphalia Un El Pow 6s 3%s Winston-Salem S B 1st 4s. 13 16 Sale 17 11% 43 43% 38 9% Sale 9% Sale 9 9 9% V4. Sale 106% 107% Sale Sale 9% Sale Sale 84 105 106 45% Sale 35 50 66 62% Sale 77 67 7-S-85 34% Sale % June % Dec. 100% Sept. 22 .% Dec. 18 110% Dec. 15 41% Dec. 14 27% Jan. 62% Dec. 7 1 108% Dec. 22 Dec. 12 Dec. 22 6 Dec. Dec. 27 39% Dec. 28 7 20% Dec. 5 25% Dec. Dec. .18 10% Dec. 27 41 Dec. 14 13% Dec. 21 34% 17% 24% 40% 45 13 Dec. 12 Dec. Dec. 43 8% Dec. 5 8 • 2 Dec. 9% Dec. 6 Dec. 7% Dec. 9% Dec. 7 8 8 10 Dec. 10 62 Sale Sale 100 56 67 13 74 - Dec. 7 Dee. 14 85 Dec. 30 37 Dec. 22 32% Dec. 108% Dec. 22 109 12 Dec. J J D O 82% Sale M S J 88 111% Sale M S Sale MN 62 Sale Sale J 22% Sale Sale 110% Sale 101% d Sale Sale 94% 1947 i960 X AWisconsin Cent 1st gen g 4s. .1949 — MN A O J d J Dec. Dec. 1 103 Dec. 19 13% Dec. 5 8 j 110 9% Sale 109% 110 9% 9% 16% Dec. 27 15% Dec. 21 Dec. 29 Dec. 13 8 Dec. 30 Dec. 18 2 Dec. Dec. 29 4 Dec. 4 Dec. 1 1 19% Dec. 18 Dec. Dec. 13 Dec. 107% Dec. 1 8% Dec. 7% Dec. 6 109% Dec. 109% Dec. 6 110 7 ' 7 8* Sept. Sept. Apr. Sept. Sept. Sept. Sept. 92 July 47 40 67 Mar. 16 Mar. 31 10 May 6 Dec. 19 Dec. 30 Dec. 19 103 26 26 15 27 27 27 16 27 107% Jan. 11 iOTM Oct,.26 Jan. 80 5 18 43 109 4 80% Dec. 84% 86 Dec. 19 88% 5 108 107% Dec. 16% Dec. 28 19% 16% Dec. 26 19 62 Dec. 11 66% 67 Dec. 28 69% 65% Dec. 18 67% 2 12 Dec. 13% 43% Dec. 27 50% 40 Dec. 27 46% 1 114 113% Dec. 97% Dec. 28 99 12% Dec. 28 §0% g* 10 Jan. 3 Oct. 27 Feb. 15 9 109% July 105%6 Dec. 103 % Dec. •21 104% Dec. 97% Dec. 18 98 Dec. 2 49% Jan. Oct. 7 108% Dec. 26 5 119% Dec. 27 4 112 Dec. 26 5 105%j Dec. 5 Dec. 79% Sept. 31% Dec. 32% Dec. 67 May 10 Oct. Jan. 83% 84 81% Sale 87% Sale 88% Sale 107% 107% 107% 20 18% Sale 18% 20 17% Sale 18% 66% Sale 62% Sale Sale 68 68% Sale 66 68% 67% Sale 9 15 13% Sale 52 50. 49% 51 41 44 45% Sale Sale 114 114 97% Sale 98% Sale 10D»SJ 101% 103 12% Sale 12% Sale Sale 104 104% Sale 98 97 98 98% 108 95% 17 *18% 18% .19 18 19 13 15% 9% 8% Sale Sale 7 7% 8% Sale 107% 108% 109 126% Dec. Apr. June 65 109% June 107 118 105"sj 4 73 Sept. Sept. May 11 45 Sept. 23 72% Sept. 28 102 125 ... Dec. • 6 % June 1 % May 24 111 6 125 125% 126% 107% 107% 108% 109 118 118% 119% 109% 110% 110% 106% Dec. 118% Dec. 109% Dec. Sept. 14% Aug. 24% Dec. 40% Dec. 11 July 10% Dec. 40% Jan. 5 Sept. 4% Aug. 4% Aug. 5 82% Dec. 31% Dec. 32% Dec. 108 S^pt. 30 6 Dec. 73 % Dee. 7 Jan. Apr. 72 54 101 106% Dec. 20 105% Dec. Dec. 75 72 108% 106% Dec. 77. 34 33 90 106% 85 31% Sale 35% 41% 9% Sale 9% Sale 105% Sale 83 76 J 1953 J 2361 J 2361 J ACertificates of deposits * ASup & Dul Div & Ter 1st 4s_1936 ACertificates of deposit 161,000 1968 1,316,000 Wisconsin Elec Power 3 Ms 1961 539,000 Wisconsin Public Service 4s X AWorces & Conn East Ry 4%s_1943 11,000 ~47~ 16% Sale 12 Sale 26% 12% 11% 123% 105% Sale 119% 120 110% 111% 106% 107% t * AWilkes-Barre & East 1st gu g 5s'42 j Wilson & Co 1st M 4s ser A 1955 Conv debentures 38% Sale 19% Sale 45 22% 41% Sale Sale 13 12 J J Registered Wheeling & L Erie RR 1st con g 4s '49 M S Wheeling Steel Corp 4 %s ser A. .1966 F A White Sewing Machine deb 6s_. 1940 MN West Shore 1st 4s guar— Sale 36 20 13% Sale 1951 J D 1960 M 5 — 108% Sale 91% gold 4s. .1943 A O ^Assented 106% Sale 25 t AWestern Pacific 1st 5s ser A. _ 1946 M S Western Union Gold 5s. Gold 5s 62 % % Dec. % % % 110% 108% Dec. 109% 110 40 Dec. 45 39% 45 55 83 83 61 Sale 60 Dec. 64 A 1952 A 1977 J g 4s— West N Y & Penn Gen F 55 45 MS 256,000 Warner Bros Pictures 6s debs... 1948 1,823,000 9,000 5,000 149,000 6,000 128,000 1,105,000 368,000 548,000 362,000 109 31 Dec. ..... , 130 Sept. Sept. 13 110 115% Sept. 14 122 104 Sept. 6112% 102% Sept. 7 107% 100 June 24 7 July 26 Aug. 2 May 22 May 23 July 7 76% May 1 89% 82% Apr. 27 95 100% Sept. 13 108 May 9 24 May 2 24 55% May 1 11M Apr. 11 76 Jan. 26 75% 8 Sept. 20 22% 43% Dec. 27 59 Mar. Dec. 27 40 52% 109% Jan. 19 114% 90% Apr. 10 99 100% June 26 103 Jan. 12 6 13% 97 Sept. 7 105% 88% Apr. 14 99 Jan. 31 114 110 Mar. i 4 WA 7 Apr. 10 9 Mar. 10 Dec. 29 Sept.27 Sept. 27 Sept.16 Sept. 15 Sept.15 Mar. 7 Mar. 13 9 Aug. 1 3 Nov. 14 Dec. 5 Nov. Nov. 17 Sept. 13 July 6 20* Sept.27 6% May 22 Sept. 26 4% May 15 Sept. 27 4V May 19 Sept. 27 99} Sept. 22 110% May 25 Mar. 29 104 Sept. 16 Jan. 23 5 Feb.! 14 \hH 9$ 4 Youngstown Sheet & Tube— Convertible deb 4s 7,928,000 1st mtge s f 4s series O 3,279,000 * a 1948 M S 1961 MN Negotiability impaired by maturity. Bonds selling flat. 109 J 104 J Sale Sale 107% 105% Sale Sale 106 106 Dec. 106% 107 Sale 104% Dec. X Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankniptcy Act. or securities assumed by such companies. 1 109% Dec. 20 6 106% Dec. 30 Mar. 31 115% Sept. 20 3 100% Sept. 6 107% Mar 100 . (Odd lot sales, not included in year's range. No sales. x Ex-interest. The following cash sales were transacted during the current month and are not included e have been called for redemption in their entirety: The following bonds a the Deferred delivery sales, only transactions of current month, and not included in year's range. Union Oil 3%s, 1952, Jan. 1. 1940*at 105%. t The price represented Is the dollar quotation per 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. n Under the rule sales, only transactions of the iu the monthly or yearly range. Treasury 2s 1948-50, Dec. 30 atT103.6. current month and not included in year's range. r Cash sales, only transactions of the current z The following deferred delivery sales were transacted during the current month and are not month, and not included in year's range. No sales. included in the monthly or yearly range. No sales. New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING 1938 1939 Stock Sales December Jan. 1 to Dee. 31- —.1 262,029,699 In accordance with a rule of the Stock Exchange, effective Oct. ots except December 27,492,069 297,466,722 .serahS 17,773,413 DECEMBER 1939 1939 Bond Sales Jan. 1 to Dec. 31- 3,1915, all stock3 are now —__ 1938 . $176,100,000 2,046,083,000 •_ quoted dollars per share, Prices $217,609,000 1,859,865,000 are oa a basis of 100-share in the case of stocks which sell only in a small way. of the month, and when selling No account is taken of such sales in computing th e NOTICE—Cash and deferred delivery sales are disregarded in the month's range, unless they are the only transactions in the month in which they occur. outside of the regular monthly range are shown in a footnote for the year. range . , aqoreqate sales In 12 December Shares 54,000 210 20 1,600 21,100 1,200 4,000 26,100 2,100 Shares 56,900 2,540 1,402 75,900 265,100 16,800 57,100 279,700 41.300 20 30 37,600 316.300 10 190 32,400 372,700 17,500 2,200 410,800 3,400 2.200 64 900 69.100 2,900 48,550 428.300 41,600 17,700 158.700 2,400 26,300 19,400 14.000 127.800 31,900 672 500 900 25,300 47,800 556,400 1,900 13,400 1,600 8.700 8,000 43,400 11,600 790 2,300 10,000 570 16,020 1,500 17,400 4.300 16.200 100 1,700 110 2.900 8.400 9,200 160 5.500 500 27,400 11,800 6,900 6,000 20,200 9,300 700 13,800 9,500 2,600 17,100 20,400 5;500 15,600 2,800 23,300 200 1,310 46,000 15,300 23,000 187,400 80 44,800 Dec. 1 Par Bid 57 Abott Laboratories * 444 conv preferred 100 1183* 3544 Abraham & Straus ...—* 424* Acme Steel Co -25 103* Adams Express * 204* Adams Milhs-W * 26?* Addressograph Multigraph—10 65 Air Reduction Inc * 14* Air-May Elec Appli Corp__._* Alabama & Vicksburg Ry__100 9 3* Alaska Juneau Gold Min—10 Albany & Susquehanna RR_100 ,144 Allegheny Corp —* 1444 Pref series A $30 warr'ts-100 1'ref series A $40 warr'tB-100 12tt 12 H Href series A $30 ex-war_ 100 1844 $2.50 prior conv pref * 2744 Alleghany Ludl'm Steel Corp * 104* Allen Industries Inc 1 Allied Chern & Dye-—-——-* 193 12 Allied Kid Co -5 124* Allied Mills Co Inc—• —--* 114* Allied Stores Corp * 61 6 % preferred 100 Allis-Cnalmers Mfg ——* 474* , - -50 -—* Agric Chemical (Del) * cum preferred 93 200 Amerada Corp 6% 84 .900 Am 185 900 American Airlines inc 144 300 American Bank Note 1U -----50 Bosch Corp.—---1 112 300 b American 136 .700 Am Brake Shoe & Fdy_——* 100 54*% conv preferred 3 ,320 25 --100 420 ,400 Amer Car & Foundry-——---* Preferred 100 72 800 269 ,410 American Chain & Cable----* 228 ,020 American Can— Preferred 16 900 3,100 38,600 9,800 31,900 2,200 13,300 52,700 600 19,800 11,900 15,400 600 132,100 2,400 6,700 780 45 49 4* 8 20 4* Sale Sale Sale 4844 Sale 224* Sale Sale h Sale 644 Sale 140 Sale Sale 1344 Sale Sale Sale Sale Sale Sale 1144 114* 154* z2144 944 171H 12 H 13 44 Sale 944 Sale Sale Sale Sale Sale 1244 62 Sale Sale 60 ava Sale 10044 132 Sale 173^ 17644 34 Sale 54 Sale Sale 66 3744 Sale 114* 16 Sale Sale Sale Sale Sale Sale 67?* Sale 144* 1544 24* Sale 1544 1744 57 4* Sale 154* 214* 9?* 17644 Sale 124 American Colortype— 10 91 600 Am Com Alcohol 20 118 500,Amer Crystal Sugar Co..—10 5 45ot 6% 1st preferred —100 160 600'Amer Encaustic Tiling---—-1 5 400 Am European Securities * --* 218 800 Am & Foreign Power-000 $7 preferred — * 218 ,000 ' 2d preferred A * 106 ,500 $6 preferred ---* 120 ,600 "74* 10 143 ,200 Am Hawaiian Steamship 371 ,600 American Hide & Leather—_1 6% preferred —-—50 27 ,800 1 100 ,900 Amer Home Products ---100 —* -—---* ----100 Am Mach & Foundry. * Metals 6% conv preferred 3 000 12 ,490 American News Co Amer Power & Light.. 765 * --* 100 * -* ,200 $6 preferred — * .213 ,800 $5 preferred * 299 ,300 Am Radiator & Stand San—* 1,844 ,300 Preferred 1 ,920 —11/0 769 ,100 American Rolling Mill—...25 23 600 44% conv preferred.---100 Amer Safety Razor —.18.50 American Seating Co — American Ship Building * Amer Smelt & Refining—-—* Preferred -----—100 American Snuff—————25 6% preferred-——--——100 58 ,900 41 ,250 696 300 26 300 * * —* —...— 27,400 American Stove Co 110,400 American Sugar Refining.. 100 Preferred -—-100 32,800 Amer Sumatra Tobacco.—.. 20,100 Amer Telep & Teleg 100 515,800 90,100 American Tobacco——-—25 Class B ———.25 227,700 6% preferred 21,300 1,255,300 -100 American Type Founders * Am Wat Wks & El..————* $6 1st preferred 9,500 399,800 American Woolen. Preferred 187,300 .......* 100 For footnotes see vase 40. 6744 9 Sale 5 Sale Sale 7?* 26 Sale 544 3244 5544 2 44 2044 Sale 1* Sale 34 Sale Sale 22 12 8 Sale 169 404* Sale 37 Sale 6844 Sale Sale 133 14?* 944 644 Sale 6?* Sale 5 j7/* 24 6?* 193* 2844 sly' 60 110 172 30 47 44 3:214* 109?* 12644 9 6 4* Sale Sale Sale Sale 34 Sale Sale 5 V* Sale 57 43 ?* Sale Sale 9?* Sale 4744 Sale 104* Sale Sale 149 Sale Sale Sale Sale Sale Sale Sale Sale 68 12 11 33 H J'50 44 71 1244 1144 Sale Sale Sale Sale 152 164* Sale Sale 68 150 11 Sale 104* Sale 31 30?* 50?* Sale 139 144 67?* Sale 1464* 150 3244 Sale !§* Sale 32.4* Sale 12?* 124* Sale 16 Sale 19 Sale Sale 87 44 Sale 1,644 1844 Sale 854* Sale 8844 Sale 14644 148 Sale Sale 82 F Sale 40 Sale j* Sale 38 38 30?* 52 38 Sale 11344 95 Sale 46 44 Sale 4244 Sale 414* 22 44 Sale 113?* Sale - Sale Dec. 10944 9 Dec. Dec. 52 4244 94* 149 15?* 66 10?* 944 30 49 4* 1384* 664* 2 4* Dec. 27 Dec. 2?* Sept. 4?* May 13* Dec. 124* Apr. 5 Apr. 10 Apr. 12 Apr. 23* Mar. 255* Apr. 41?* Apr. 1?* Jan. 14 44 Jan. 3?* Sept. 13?* Aug. 41 Aug. 11 Apr. 24* Apr. 22?* Dec. 744 Dec. Dec. 28?* Dec. 64* Dec. Dec. . Dee. Dec. Dec. 146 Dec. 1 Dec. 27 Dec. 19 Dec. 89 ' 50 13 8 Oct. 754* Mar. 14 27 22?* Dec. 1 4 Ill Dec. 26 7 Dec. 10?* Dec. 1 27 7 50 4* Dec. 7 744 Dec. 18 22 114 11 24 Dec. Jan. 20 Sept. 12 Sept. 6 4344 Sept. 5 33 8 60 Dec. 30 22 34* Aug. 4 Aug. 4 9 Sept.12 5 30?* Jan. 24 7944 Jan. 23 1 25 3 11 5 15?* Jan. 54* Sept. 21 22 404* Jan. 8 5 19 12444 Mar. 20 Jan. 3 Feb. 6 11 41 27 Dec. 30 5?* Dec. 113* Dec. 39 8 8 204* Aug. 24 8 84* Apr. 9 1 Apr. 154* Apr. 11 Dec. 6 11 31 as 30?* Nov. 20 5 9?* Jan. 254* Nov. 20 153 313* Dec. 413* Dec. Dec. 27 5 6 44 Dec. 10 10 11 27 23 44 1 19 Nov. 24 Nov. 24 Jan. 4 Jan. 5 4 804* Sept. 27 1 15?* Mar. 133* Dec. Apr. Apr. 754* Oct. 132 Sept. 44* Sept. 84* Apr. 78 Apr., 3?* Apr. 28?* Apr. 4 Aug. 24 Apr. 20?* Apr. 35 Apr. 1344 Apr. 96 11 26 1744 Sept. 26 8?* Feb. 24 Apr. 73 12 5 22?* 148 87 Oct. 114* Sept. 13 184* Sept. 8 8644 Sept. 28 4 5?* Jan. Sept. 19 9 20 Sept. 5 July 19 464* 63 3544 Apr. 10 12744 Sept. 5 144 5944 Apr. 14 69 1 149 64 2544 Oct. 25 8 1154* Mar. 9 20 132 Aug. 14 10?* Dec. 22 21 1 Dec. Dec. Dec. 204* Sale Dec. 1134* 114?* 1134* Dec. Dec. 6 4 8 26 Dec. Dec. 3* Jan. June 29 154* Dec. 5 Dec. Oct. 29 Jan. 57?* Sept. 22 140 Aug. 14 11644 Sept.12 179 July 19 404* Oct. 18 2144 Sept. 6 z26 7 3?* Apr. 10 32 8 Apr. 583* 28 8 49 Apr. 844 Sept. 5 140 Sept. 8 162 8544 Dec. 30 Dec. 11 21 Dec. 17?* Jan. 60 8 112 18 1714* Dec. 1 11 24 47 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 4 1244 Dec. 16?* Dec. 29 224* Dec. 14 Dec. Dec. 4?* Dec. 27 3744 2944 3644 204* 35 11 3 193* Jan. 3?* Sept. 5 Sept. 6 7444 Sept.11 2444 Sept. 13 21 Dec. 140 314* Dec. 28 II7* Dec. 12 1544 Dec. 22 Feb. 61 36 1 Dec. 22 Dec. 22 11 5 Aug. 24 1 544 Sept. 64* Apr. 11 Dec. Dec. Dec. 12 14?* Dec. 27 344 Dec. 22 254* Dec. 27 120 7 Dec. 243* Dec. 19 444 Dec. 12 5744 2 Dec. 47% 10 4* Dec. 19 Dec. 1 150 4* Dec. 27 173* Dec. 27 72 4* Dec. 22 124* Dec. 27 115* Dec. 28 34 4* 2 Dec. 52?* Dec. 27 14344 2 69 Dec. Sale 40 100 Dec. 45 Sale Dec. Dec. 5 Dec. 27 Dec. 27 11 29?* Sale 164* 304* 13 44 Aug. Apr. Apr. Apr. Sept. Aug. Aug. Apr. May Apr. 3 544 Dec. 27 94?* Dec. 20 84* Dec. 27 38 834* Dec. 61 Dec. 97 Sale 36 125 150 June 29 82 Dec. 30 Sale Sale Dec. Dec. Dec. Dec. 7 ?* Dec. 14 Dec. 1 1144 9444 9?* 63* Dec. Dec. Dec. Dec. Dec. 147?* 150 Sale . Dec. Sale 5 3 31 60 Sale Sale Dec. 2?* 23?* 6?* 23?* 8144 54* 11?* 92 4* 844 45 4* 6?* 9?* Sept. 1 4644 Dec. 14 1 Sale 146 26 Dec. Dec. Dec. 5 79 H 1544 Sale 16844 Sale 3544 Sale 55 16* Dec. 12 Dec. 5 18 1944 Sale 79 4* 8044 814* 14?* Sale 133* 168 1703* Sale 7944 8544 Sale 86?* Sale 8144 89 44 16 55 4* Dec. 2 Dec. 144* 23* Sale 225* 244* Sale 115 125 115 120 1193* 24 24 44 23 4* 22?* 2244 4 Sale 44* Sale Sale Dec. 8 12?* Apr. 14* June 29 Aug. 21 50 Apr. 11 16 Apr. 26 154* Dec. 2?* Dec. 21 Sale Sale Dec. 6 104* Dec. 70?* Dec. 12 403* Dec. 15 1 Dec. 29 59 ?4 2 22 Dec. 2 47 Dec. Dec. 19 11?* Dec. 14 4944 1 6 Dec. 1 Dec. 47?* Dec. 27 135 Dec. 2 113?* Dec. 8 176 4* Dec. 27 "33?* Dec. 22 52 4 Dec. 23?* Dec. 21 109?* 6 131 Dec. Dec. 22 9>4 7 4* Dec. 27 54* Dec. 20 3 Dec. 644 Dec. 12 Sale 4 124* Dec. 85?* 3:8044 Dec. 20 Sale 1 2?* Dec. Sale 44* Dec. 14 Sale 13* Dec. 19 Sale 23 4* Dec. 22 Sale 5h Dec. 19 Sale 18?* Dec. 23 Sale 1 2544 Dec. 2?* Sale 23 ?* 53 204* 35?* 104* 4644 5?* 43 4* 13044 55 3?* & 844 Dec. 29 67 % Dec. 2 Sale Sale 144* Dec. 113* Dec. 113* Dec. 14?* Dec. 27 13* Dec. 27 14?* Dec. 27 3 2 23 Dec. 27 27 10?* Dec. Dec. 11 182 Dec. 15 Dec. 19 13 44 Dec. 1 Dec. 11 13?* Dec. 30 12 Sale 344 23?* 27 26 Dec. 12 6 14?* 27 Dec. Sale 5544 Sale 1444 Sale Sale Dec. Dec. 7 : Dec. 21 Sale 68?* Dec. 28 Dec. ,8?* If* 7 Dec. 5 13.0 20 13* Dec; 13?* 129 7 % Dec. * 16 13 14?* 24* 154* 5444 204* 4544 6 57?* Dec. Dec. Sale 67 7 13 Dec. 19 Dec. 58 145 112 Dec. 9 Sale 142 44 143 Sale 67 194* Dec. 28 20 14 83* Dec. 22 44 Dec. 1444 Dec. 29 Sale 6 Sale 31 Dec. 20 104* 55 44 Sale 8 14 5 120 5 Dec. 29 Dec. 52 27 1 Sale 2144 60 150 3* 12 4* 104* 104* Sale 150 404* 94* 144* 2244 9144 1844 Dec. Dec. Sale Prices 7144 Sept. 19 Apr. 10 14944 Sept. 30 3344 Apr. 8 4944 Nov. 29 3144 Mar. 31 5644 Oct. 26 644 Aug. 24 1144 Sept. 12 Mar. 3 19 Sept. 5 25 5 153* Sept. 8 2744 Jan. 68 Sept.27 454* Apr. 4 14* Sept. 13 ?* Jan. 68 Feb. 68?* Dec. 28 10 Jan. 3 64* Dec. 130 Dec. 5 117 Apr. 2 Sept.27 ?* July 2044 Sept. 27 5?* Aug. 184* Sept. 26 444 Aug. 18 Sept. 27 444 Sept, 8 June 29 2344 Sept. 27 14 Apr. 284* Jan. 4 6?* Apr. 11 113* Oct. 23 15144 Apr. 10 20044 Sept. 11 10 143* Sept. 11 Apr. 10 944 Apr. 10 154* Sept. 8 6 Apr. 11 11?* Jan. 3 5444 Apr. 11 71 Aug. 22 28 8 Apr. 48?* Jan. 5 Dec. 30 Dec. Highest Sale Prices 53 Apr. 11 Prices Dec. 130 Sale 73 3244 5244 1334* 6 2044 40 15 20 82 Sale Sale 11644 122 2244 Sale Sale i Sale 160 14?* Sale Sale Sale 64* 3944 3544 184* 244 2544 Sale 144* x26 12 4* 80 244 Sale 127 Sale Sale 454* ♦ Amer Zinc, Leau & Smelt... 1 507,100 $5 prior conv pref 20 5,500 50 2,926,800 Anaconda Copper 20,200 Anaconda Wire & Cable—— * 215,000 Anchor Hocking Glass Corp * $6.50 conv preferred • 5.300 Sale Sale 7944 154* 44* 644 Sale 31 3?0* 9 8 5 4 746,900 Amer Steel Foundries 135,700 American Stores 173,300 1444 1444 * 119 ,600 American Ice 6% preferred 34 ,500 154 ,400 Amer internal Corp Amer Locomotive 406 ,600 Preferred 52 ,500 74 ,100 Amer Machine & 236 ,000 American Metal 1744 9 Dec. Lowest Highest Sale 20 4* Sale Sale Sale 36?* Sale 10 4* Sale 11% Sale 49 44 47 4* Sale 49 4* 544 Sale 544 Sale 43 44 Sale 4444 Sale 130 4* 132 13044 134 11044 Sale 113?* Sale 1783* 17044 176?* 175 Sale 31 31?* Sale Sale 50 4844 Sale 22?* Sale 2244 106 J* 113 4* 115 1224* 1044 1044 604* 444 644 344 194* 4744 73* 214* 17 44 53?* h 6h Sale Sale Sale" * 23 900 American Chicle.510 Am Coal Co of All eg Co N J_25 71 ouu 300 Lowest Sale Prices Sale 664* Dec. 12 6844 Dec. 140 5 140 42?* Dec. 30 43 44 68* Dec. 28 Sale Sale 2344 56?* Sale 140 6944 224* 51 130 42?* 4744 sill* 2?8 wA 17?* 2144 18 4* 5544 Sale 1 44 Sale Sale 7 142 ifi* 1 400 4,400 1,200 13,800 3,200 424* 54 194* Sale 244 Sale 174* 144 140 Sale 30 Ask Sale 137 44 18 56 6644 Dec. Ask Bid Sale 684* 45 115 73 ,900 29,500 5844 130 Bid 112 100 5% preferred 3 100 8,700 6,600 1,770 43,500 3,300 2,400 Ask ,-10 6% preferred 8 ,690 56 ,900 1939 1939 9 900 2,900 year Jan. 3 N. V. STOCK EXCHANGE -* 41 300 Alpha Portland Cement 100 .000 Amalgam Leather Cos. inc—1 224 ,000 range for prices in december Price STOCKS Months 1939 7 Jan. 7 19 10 11 9 19 1 11 10 Jan. Jan. Nov. 24 Aug. July 7 6 Jan. 4 1444 July 184* Oct. 26 9 Sept. 5 974* Sept. 11 34 1844 Jan. 4 1714* 8744 89?* 1534* 8?* 14?* Dec. 21 Jan. 19 Jan. 16 May 26 Jan. 5 Jan. 20 96 Aug. Sept. Sept. Sept. Sept. Sept. 8 21 16 5 12 5 8 15 10 64 24 12 11 48 11 40 11 543* Jan. 27?* Aug. 23 114?* June 8 3 Sept. 13 Sept. 12 4 3 3 N. Y. STOCK EXCHANGE-STOCKS 32 aqqreqate sales 12 In December Shares 300 4,700 3,300 1*200 38,300 4,000 200 20,400 2,400 1,800 10 22.300 1,000 1,900 800 280 106,400 14,600 21,200 1,700 4,400 28,200 900 42,300 3,700 1,700 200 200 4,700 600 50 68,900 46,900 42,400 12,300 10,900 1,640 9.000 . 2,200 Months 1939 X,497,000 Baldwin Loco Wks vt tr ctfs.13 ■690,700 % Baltimore & Ohio 100 211,400 4% preferred 100 44,100 Bangor & Aroostook ; 50 5,280 5% conv preferred 100 175,500 Barber Asphalt Corp .—10 27,000 Barker Bros 468,700 -163T200 1,300 53,400 3,100 5,200 180 200 170 1.500 2,600 300 52,000 13,700 1,200 4,600 120,500 5,000 6,300 5,400 Dec. 1 Par 900 7% preferred -100 207,100 Armstrong Cork Co * 51,400 Arnold Constable Corp 5 128,600 Artloom Corporation * 220 7% preferred 100 251,500 Associated Dry Goods 1 8,400 6% 1st preferred —100 10,000 7% 2d preferred.-.. 100 7,600 Associated Investment Co—* 3,120 5% pref with warrants.-100 942,900 Atchison Top & S Fe 100 78,200 5% preferred 100 288,300 Atlan Coast Line RR 100 59,900 Atl G & W I SS Lines. * 51,700 5% preferred 100 271,600 Atlantic Refining 25 11,900 4% conv pref series A—100 338,100 Atlas Corp 5 31,120 6% preferred 50 19,600 Atlas Powder * 4,590 5% preferred.---100 15,700 Atlas Tack Corp * 67,800 fAuburn Automobile — * 19,200 Austin, Nichols & Co * 3,590 $5 prior A * 1,853,500 Aviation Corp (Del) The__---3 37,800 71.300 58.100 63,700 324,400 6,700 6.300 130 2,670 200 860 42,700 7,800 899,000 56,700 6,730 11,630 59,000 531,300 566,900 32,300 65,000 610 870 3,700 39,700 50,900 4,800 4.600 9,300 24,400 31,300 1,400 4,300 4,800 59,400 3,900 92,200 4,500 81.400 517,500 16,500 7,750 10,900 131,800 13.750 8.600 300 7,700 13,500 140 21,200 790 13,200 5,100 4,400 27,300 41,600 13,600 1,210 6,700 3,000 6,700 6,200 1,050 3,300 12,600 29,690 26,800 193,500 187,500 15,020 52,l00 144.700 260 560 76,300 4,600 4,600 100 954,200 38,600 22,000 1.450 20 2,840 2,300 6.800 37,200 10.500 55,400 88,900 860 9,290 21,800 69,300 3,120 16,400 305,700 935,600 300 7,900 8,600 200 5.300 4,700 300 20 Boston & Maine Bower Roller Bearing Co 24,900 336,000 3,320 114,100 237,700 3,860 38,100 89,900 12,600 520 1939 Preferred 7% Budd Wheel Bulova Watch Bullard Co Burlington Mills Corp Burroughs Add Mach Bush Term Co... 50 65 55 Sale 38 Sale 37 Sale 36* Dec. 27 10* 8* 8 * 10* 65 Sale 71X 52* 34* Sale 94 42 67 * Sale 30 Sale SH 43 Sale Sale 111 Sale 44 6654 Sale 126 6* "624 4 Sale oi^ Sale 8* Sale 29 32 17 X Sale 8 10 Sale 29 24 85 X 20 X 12 X 29 X Sale 96 X 75 Sale 88 Sale 55 Sale 7854 Sale Sale 25 Sale Sale 21X 1654 Sale Sale 24* 46* Sale Sale 13* Sale 27 6X 15* 31* 39* Sale Sale Sale Sale 43 Sale IX 9* 5 38 30 Apr. 8 Apr. 11 90 Jan. 21 23 11 38 93 95 23* 17* 31* 13* 11* 95 7* 51* 5* 32* 28* 14* 18* 2* 2* Sale Sale Sale Sale Sale Sale Sale 96 Sale Sale Sale Sale Sale Sale Sale Sale 55 Dec. 2 Dec. 27 Dec. 28 9* 18* 104* 7 Dec. 116 59* — 1 Sale 51* 14* Sale 49 Dee. Sale Sale 13* Dec. 7* Dec. 26 Sale • 60 29* 22* 55* Sale 39 80 61 31 29 Sale- 25 Dec. T1 * Dec: 24 Dec. 1 Dec. 6 4 16 7 Sale 66 Sale 28 2 128 9 Dec. 14 54 Dec. 4 1 28* Dec 20* Dec. 20 5* Dec. 22 1* 37 Sale Sale 11 8 Dec. 20 Dec. 19 Dec. 23 4 5 1 Dec. 22 Dec. 1 1 Dec. 20 Dec. 27 35* Dec. 29 20* Dec. 12 9 Dec. 28 Sale 30 Dec. 27 Sale 22 Dec. 4 Sale 17* Dec. Sale 11 Sale 4 Sale Sale 20* Sale 10 7 Dec. 28 Dec. 23 Sale 51 Sale Sale Sale Sale 38* Sale Sale 73 Sale 66 Sale 114 Sale 107 10* 60* Sale 9 9 5* 92 6 Sale 5* 102 r4* 8* Dec; 4 Dec. 1 Dec. 5 Dec. 4 Dec. 27 Dec. 5 Dec. 27 Dec. 20 Dec. 9 14* 36* 4* 37* 5* 37* 85* Dec. 29 1 23* Dec. 2* Dec. 19 2.5* 3* For footnotes see page 40. Dec. 14 Jan. Dec. 28 Jan. Dec. 28 Dec. 28 Dec. 6 6* Dec. 12* Dec. 14 22* Dec. 6 Dec. 11 Sale Sale 65 Sale 60 23 3 Sale 112 Sale 5 5* 92* 102 Dec. Dec. 52* Dec. 24* Dec. Sale Sale 7 Dec. 30 7 1* Dec. 14* Dec. 13 8 13* Dec. 53 15* Dec. 13 50* Dec. 13 Dec. 13 24* Dec. 6 Dec. 14 2 23* Dec. 10* Dec. 11 5 7 Dec. Dec. 7 Dec. 5 8 24* Dec. 14 Dec. 1 Dec. 6 Dec. 1 Dec. 28 Dec. 23 Dec. 26 Dec. 13 Dec. 6 Dec. 9 Dec. 7 Dec. 12 Dec. 29 Dec. 13 1 74* Dec. 8 Dec. 30 Dec. 14 62* Dec. 13 1 25* Dec. 3* Dec. 1 Dec. 5* Dec. 13 Dec. 4 5* Dec. 13 92 Dec. 4 5 Aug. Aug. 2 2 Jan. 20 Dec. Nov. 11 27 Jan. 13 Dec. 8 Dec. Nov. Dec. 13 13 13 13* Apr. Aug. 3 7* Apr. 27 Apr. 39 Dec. 31* Jan. Sept. 14 9* Apr. 7 Apr. 94* Apr. 4 Apr. 29* Apr. 3 Apr. 21* Apr. 15* Aug. 11* Apr. Nov. 18 Jan. 6 Aug. 22 Jan. 4 Jan. 4 Nov. 6 Mar. 9 5 29 Jan. Dec. 11 June Jan. 1 Apr. Sept. 11 Jan. 3 Mar. 4 3 6 Sept. 13 2* 30 113* Dec. 27 6 4* Dec. 22 5* Dec. 8 8* Dec. 10* Dec. 18 92 Feb. Jan. 5* Sept. 7* Aug. 16* Apr. 31 Apr. 41* Apr. 1* Apr. 5* Apr. Sept. 11 1 30* Dec. 20 5 108* Dec. 8 11* Dec. Dec. 27 Dec. 18 Dec. 30 Dec. 15 3 Sept. 27 Oct. 27 5} Dec. 29 Dec. 6 3 Jan. 18* 4* Dec. 13* Dec. 3 28 Dec. Aug. 13* Dec. 2 118* 4 57* 3 3 28 Dec. 2 Dec. 27 Dec. 6 Dec. 6* 38* 85* 25* 6 Sale 87 1.12 Dec. 40 5IX Dec. 13 85 J)* Sale 27 13 Sale 111* 5* 28 Mar. 11 Dec. 30 Sale 24 23 26 4 Oct. Dec. Sale 86* Sale Sale 62 Sale Jan. Dec. 115* 118* 53* 53 Sale 29* 24* Sale 108* al06*Sale 10* 59* 25* Oct. 7 11 9 33 11 13 25 26 Dec. 15* 23* 50* 1* 7* 15* 17* 39* 5* 1 Sept. Sept. Sept. Sept. 29 50 13 7 Dec. 36 5 Dec. 15 80 Dec. Dec. Mar. 11 Dec. Dec. 38 25 25 27 Dec. Dec. 14* Dec. 27 1 20* Dec. Oct. Dec. 29 Dec. 70 Oct. Jan. 1 Dec. 24 Aug.- 1 5 Dec. 8 Sale 2* No V. 13 14 Dec. 22 Sale 3 Dec. 20* Dec1!: 26 3* Dec. 16 1 12* Dec. 14* 22* 50* 1* 6* 15* 17* 36* 4* 38* 5* 38* 66 5 Nov. 17 1 20* Dec. 29 Dec. 27 -12* Dec. 2 Dec. 29 7 5* Dec. 12* 114 4 13 1 80 39 Jan. 5 Dec. Dec. Sale 14* Sale 83* 23* Dec. Dec. Dec. Sale 36 8* 100* Dec. 22 103 5 5* Dec. 5* Dec. 4 41* 39 43* Sale 1 5* Dec. 5* 12* Sale 28 6 9* Dec. 61* Dec. 27 31* Dec. 29 Sale 70 14 Sale Sale 5 Feb. Dec.' 27 Sale Sale 6 Jan. 9 46 4* 38* Jan. 4 Sale 42 Jan. Apr. Apr. Dec. \ Sale 35 11 Dec. Aug. 122 126 45* Dec. Sale 4 Nov. Sale 15 5 Sept. 27 Jan. > Nov. 13 51 Sale Sale 14 Sept. 27 Jan. 13 12' 20* 50* 1* 6* 13* 4 Dec. Sale 4 5 Nov. 29 31 Sale Sale Jan. Aug. Aug. Sept. Dec. 11 Sept. 12 Jan. 6 July Sale 10 7 Sept. 11 5* 3* 30* 9* 5 Sale 20* Jan. 8 5 107* Dec. 29 30* Dec. 12* 12* 14* 13* Sale 49* 47* Sale 49 47* Sale 23* 23* Sale 35* 37 36 ' 20* 23* Sale 9* 9* Sale 103* 101* 103 5* 5* Sale 41* Sale 5* Sale 30* 31* Sale 23 22* Sale 19* 17* Sale Sale 11* 12 4* 4* Sale 8 22 71 Mar. 9 30* Jan. 3 26* Sept. 11 26 Sept. 11 24* Oct. 2 110* June 6 9* July 21 48* Aug. 7 71 Sept. 12 15 127 Apr. Nov. 30 Dec. 6 1 4 Dec. 49* Dec. 1* Dec. 12 Dec. Sale June June 42* Jan. 108* 107 Sale Sale 38 3 10 10 13 3* Aug. 24 Dec. Dec. 24 6 36 50 Sale June 2 11 Oct. Dec. Sale 40 1 12 4* Apr. 1* July Dec. 18* 6* 7* 15* 24 43* Apr. 8 50 Aug. 23 Dec. 81 15 38 53 1* 12* 37* 49 1* 12* 5* 21 26 9 100 1 28 8 27 Dec. 10* Jan. 78* Oct. Dec. 21 Sale 5 4 26 Sale 5* 11* Sale 22* Sale Sale Sale 15 7* Dec. 21* Sale 55 Dec. 5 56 56* 36 Dec. 21 39 38* Sale i Sale 78* Dec. 80* Sale 84* 18 1 18 17* Dec. 17* 17* Sale Sale 112* Dec. 11 115 113* 115 115 5 30 Sale 30* 25* Dec. 29* 26 Sale 18* Dec. 22 22 20* 20* 21 10 Dec. 27 10* Sale 11* 11* Sale 22 Dec. 19 34 31 22* Sale 30* 15 8 13* Dec. 17* 16 17* 13* 57 6 50 56* 52* Dec. 55 50 21* Sale 21* Dec. 27 23* 22* Sale 21 Dec. 12 23* Sale 22 23* 20* 1 121* 121* 122* 116* Dec. 116* Sale 58* Dec. 12 63* 63* Sale 59 55* 23 23* Sale 22* Dec. 23 24 22 20 Dec. 15 21* 21*. Sale 21* Sale 23* Dec. 20 25* 25* Sale 24* Sale 2 Dec. 22 2* Sale 2* 3* 2* 31 Dec. 12 33 32* Sale 32* Sale 6 a:49* Dec. Dec. 8 59 Dec. 28 16 12 8* Dec. 4 27* Dec. 26 "27' -12*- "Dec.—~7 Sale 22 7 Dec. 13 Dec. 18 Dec. 13 10* Oct. Sale 2 26* Dec. 26 2 114* 112*.Dec. -■-8 114* Dec. Sale 11* Dec. Dec. 26 6* Dec. 29 2 3* Dec. Sale 4 47* 23* Dec. 1 123* Dec. 16 Dec. 28 Dec. 18 Dec. 16 Dec. 58 24* 16* 18* 21* 13 23 100 Apr. 1 Dec. Dec. 27 Dec. 19 Dec. 13 Sale 6 Jan. 5* Apr. 11 Dec. 27 Dec. 30 Dec. 18 109 Dec. 1 8* Dec. 29 Dec. 20 47* Dec. 29 Dec. 9 65* Dec. 20 Dec. 27 Dec. 27 16* 5* 6* 11* Sale 95 26* Dec. 73 Sept. Dec. Apr. Aug. Aug. Sept. Apr. 8* Sale 12* 26* 24 24* 113,^ 114* 113* 26* 27 26* 107* 107 29 30* "32* 122 124* 120 9 9* 9* 7* 21* 10 92 22*4 149* 21* 14* 4 13 100 97* 66 10f^ 12 12* 40* 37 Sale Sale Sale 17 X 113 41 36* Dec. Dec. 22 Dec. 14 Dec. 9 58 15 7X Jan. 4 Mar. 15 77 90 72 X Jan. 58 11 12* Sale 65 Jan. Sale 99 X 29 X Mar. 31 50 70 7lH Dec. 30 31* Sept. 6 7* Sept. 5 5* Apr. 11 6 15 Sale Dec. 26 Dec. Sale Sale Dec. 30 Dec. 6 78 Sale Sale 18* 11 9 14 77* 35* 29 41 6 Sept. Sept. 11 Dec. 26 Sept. 6 Sept. 6 . Dec. 17* 5* 7* 34_ 8* Dec. 15 50* Sale 57* Sale 23* Sale 22* Sale Sale 15 16* Sale 15 16* 17* 16* Sale 20* Sale 20* 21* Sale 108* 109* 107 109* Sale 8* 8* Sale 47 46 47* 45* 46* 65 64 61* 62* 61* Sale 121 123* 123* 121 6* 6* 7* 7* 6* Sale 2* Sale 3 2* 2 2* 2* 2* 16* 20 16 18* Sale Sale 6* 7 8* 24* -12* 16 Dec. 26 Dec. 1 Dec. 6 8* Apr. 11 21 4 1* Apr. 11 Apr. 21 37 97 May 9 106 3* Aug. 24 8* 33* Apr. 11 60 21 Dec. 77* 78* Sale Sale Dec. 15 75 80 9* Sale -18X Sale20 X 10 16* 5* 7* Sale 114 11 wlU Dec. Dec. 29 Dec. 21 100 Dec. 21 Dec. 16 4 8* Dec. 9 Sale Sale Sale Highest Sale Prices 96* 101* 100 8* Sale 9 Sale 26 38* Sale 100 . 106* 48 10* Sale 10C »-.-l 11 Sale —17 * * * 1 * 8* Sale 46 100 91 75 5* Sale Sale A* l2oI* 106 Sale 47* 71* 34* 92* Sale 5% conv preferred 30 Butte Copper & Zinc 5 Byers Co * Partic preferred 100 Byron Jackson Co * Calif Packing Corp * 5% preferred 50 Callahan Zinc-Lead 1 Calumet & Hecla Cons CopperS Campbell W & C Foundry * Canada Dry Ginger 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 Clinchfield & Ohio Ry--100 Carpenter Steel Co 5 Carriers & General Corp 1 Case (J I) Co... 100 7% preferred 1U0 Caterpillar Tractor * Celanese Corp. of America * 7% prior preferred 100 Oelotex Corp * 57o preferred— 100 Central Aguirre Associates * Central Foundry Co --..1 Central 111 Lt 414% pref 100 JCentral RR of N J 100 Central Violeta Sugar Co 19 Century Ribbon Mills..-....* Preferred Sale 77 75 Sale 100 Dec. 30 Sale 1 * 13* Sale Sale * 10 4 32* Lowest Sale Prices 12* Dec. 29 Nov. 2 Nov. 4 Jan. 25* 11* 13* 48* X 4* 9* 5 Sept. 12 July 7 Sept. 5 Sept. 5 Jan. 4 12 Jan. 18 36* 3* 29* 4* Jan. 12 35 Jan. Sept. Sept. Sept. July Sept. Sept. ^ 77 13* 2* 63* 3 11 11 15 17 12 6 Mar. 9 Mar. 110 3 Sept. 27 38* 13* Dec. 20 84 Aug. 9 Jan. 4 7* 58 i Mar. 14 18* 2* 103* 3* 3* 3 85 \ YEAR Sale Prices Highest Sale Prices Dec. 28 Dec. 8 11 15 5 100 12* Lowest Ask 57* Sale Sale Bridgeport Brass Co * * Briggs Manufacturing Briggs & Stratton * Bristol Myers Co 5 Brooklyn & Queens Transit.-* $6 preferred * $6 pref ctertifs of deposit--* Bklyn-Manhattan Transit—* $6 preferred series A * Certificates of deposit-.—* Brooklyn Union Gas * Brown Shoe, Inc * Brunswlck-Balke-Coll * 131,200 Butler Brothers... 24,700 17,300 10,700 43,300 200 Borg-Warner Corp JBush Terminal Bldgs— 11,490 Depos. ctfs. 7% pref 3,200 867,600 429,800 121,500 528,400 - - Borden Co (The) 16 12* 3 2* 32* Sale 102* 104 30 65 102 * Bon Ami class A Class B._. Bond Stores Inc Sale Dec. Ask Bid Sale 6 47 56 123 Beech-Nut Sale Sile Bid Dec. 29 33* Dec. 4 106 6 5* Dec. 12 45 Dec. 13 48 53 Dec. 28 55 Packing 20 Belding-Heminway r* Belgian National Rys part pref Bendix Aviation Corp 5 Beneficial Indus Loan Corp.-* Prior pref $2.50 div ser '38-* Best & Co.... * Bethlehem Steel Corp (Del)--* 5% preferred 20 7% preferred -100 Bigelow-Sanford Carpet Inc.-* Black & Decker Mfg Co * Blaw-Knox * Bliss & Laughling Inc 5 Bloomingdale Bros.s. * Blumenthal & Co pref 100 Boeing Airplane Co * Bohn Alum & Brass Corp. 5 RR Co 433,600 6,200 233,100 333,200 Bucyrus-Erie Co 3,860 7% preferred.. 632,200 Budd (E\G) Mfg 263,400 104,300 12,400 280,100 298,600 304,000 14* 2* 28* 101* 28 Creek 116,400 g Brewing Corp of America..3 457,100 769,300 12,800 54,510 Ask Bid 50, 590 Beech 20,300 2,900 * - 5*% preferred ---50 Barnsdalf Oil Co————-5 Bayuk Cigar Inc * 1st preferred--.-—----100 Beatrice Creamery. —25 $5 preferred with warr____* 10,700 53,700 1,500 1,522,300 123,700 27,100 52,200 2,936,300 98,400 RANGE FOR 1939 14,800 Andes Copper Mining Co 20 13.300 A P W Paper Co Inc 5 29,900 Archer Daniels Midland * 25,200 Armour (Del) 7% preferred. 100 866,800 Armour of Illinois.—5 49,400 $6 convertible preferred * 4,010 prices in december Jan. 3 Shares 870 4,200 Price STOCKS N. V. STOCK EXCHANGE Sept. Jan. i Aug. Sept. Sept. i Oct. Sept. , 5 3 16 27 11 13 15 JAN., 1940] n. y. stock exchange-stocks 33 AQOREOATE SALES In December Price stocks Months 12 PRICES IN DECEMBER Dec. 1 Par Shares — * 242,300 Cerro de Pasco Copper 1 301,900 Certain-Teed Products 6% prior preferred 42,560 100 * 11,360 Chain Belt Co Champion Paper & Fibre Co— 2,420 6% preferred 100 Common * 56,000 -—--5 21,000 Checker Cab * 115,100 {Chesapeake Corp 826,500 Chesapeake & Ohio 25 Preferred series A_ 100 19,500 20,400 {Chic & East ill RR 6% pf-100 {Chicago Great Western— 4% preferred — 100 49,200 5 45,700 Chicago Mail Order Co 106.300 {Chic Mllw St Paul & Pacific * 5% preferred 100 114,200 276,400 {Chicago & North Western-100 Preferred 100 59,200 * 193,400 Chicago Pneumatic Tool $3 conv preferred * 17,500 Prior pref ($2.50 cum aivs)* 6,800 43,100 {Chicago R I & Pacific—-100 7% preferred---100 28,100 6% preferred 100 25,800 -* 7,100 Chicago Yellow Cab 42,900 Chickasha Cotton Oil-—--10 * 149,300 Childs Co • Ask Bid Bid Sale 33 18% 100 101% 102% 19% 105 Sale 3 % Sale 10 Sale Sale 89% 3% 8% 23 % 38 % 87 24 15% 28% 41X 92% 2% Sale Sale 95 3 IX Sale Sale Sale 12 Sale % 3% 19% 14% 36 38% 34 50 46 Sale Sale Sale 9% Sale Sale 25 83 7% % 8% 10% 5% Sale 32 % 83% 12% 93% 46% 78% 80 52 62 4% Sale 22% Sale 4 30% 70 Sale 7,770 Cleve Elec 111 $4.50 ser pref--* 111 —?3309f Cleve- Graphite Bronze (The)-l -28 '%-~6ale"70% 77 610 Cleve & Pitts RR Co 7% gtd-50 42 Sale Special gtd 4% stock——50 ,__,:„150 60 Sale Climax Molybdenum Co——* 352,100 25 % Sale 485,800 Cluett Peabody & Co————* Preferred ------100 127 127% 780 * 131% Sale 67,900 Coca-Cola Co (The) Olsiss A 59% 60 8,400 14% Sale 606,000 Colgato-Pafmolive-Peet Co-—* 6% preferred ——100 102% 103 14,700 35 % Sale 153,200 Collins & Aikman—.——.—* 107 5% preferred ---100 105 4,150 21% Sale 89,200 Colorado Fuel & Iron Corp—* 6% Sale 15,760 Colorado & Southern——100 9% Sale 4% 1st preferred 100 17,610 4% 2d preferred 7% -—-100 7% 6,650 ..... " 116,500 87,000 1,081,700 45,700 107,300 10,200 19,800 274,800 273,600 179,900 33,000 System Inc claws A——2.50 2.50 Columbian Carbon v t c * 93 Sale Columbia Pictures 15 Sale 30 J* Class B Corp v t c_* J2.75 conv&preferred umbia G El common—* * 6% preferred series A 100 5% preferred ———100 Commercial Credit—-—-10 16% 16% Sale Sale 29 Sale 7% 75 50 Sale 65 57 Sale conv. preferred—-100 107 % 108 X investment Trust.— * 60 Sale $4.25 conv. pref ser of 1935-* 108 % 109 X Commercial Solvents11% Sale Commonwealth & Southern--* IK Sale 46 Sale $6 preferred-* Commonwealth Edison Co—25 27 X Sale 4%% Comm'l see 34 . 45% 35 Sale Sale Sale 55 31 3 Sale 3% 14% 5% preferred v t c 100 Consumers Pow Co $4.50 pref_* 94 Container Sale Sale 17 16 X Corp of America. .20 Continental Baking Co class A Class B 95 Sale Sale 195* 8% preferred-- Sale 2 Continental Motors Sale Sale Sale — Continental Oil of Dei 5 Continental Steel Corp.-- Sale 78 46 % 50 Sale 36 Sale 23% Sale 24 23 Sale 24 92% 6% 18% 6% 94 91% 6% 16% 6h 7 Sale 85 Sale Sale 8 Sale Sale Sale 5% 26% Sale 8% Sale 7% Sale Sale 1% 8% 30% 107X 4% 7% Sale Sale Sale Sale 5 4% a87 5} 23 9 6 Sale 9% 89% 8% Sale 30% Sale 107% Sale Sale 42 Sale Sale 113% 113 Sale 7% 37% Sale 40% Sale Sale Sale Sale Sale Sale 28% Sale 60% Sale 64% Sale 172% 180 4% Sale 40 Sale Sale * Sale Sale o 7% 36% Sale Sale Crucible Steel of America—100 Sale Sale 100 Sale 87% o 10 Sale Sale 100 Sale Sale Cudahy Packing—..——..50 Sale page 40. 6 Sale ♦ 5 12 Dec. Dec. Dec. Dec Dec. Dec. Dec. Dec. Dec. Dec, 14 2 16 27 14 28 7 5 1 4 1 19 13 1 Dec. 26 8 5% Dec. Dec. 5 4 7% Dec. 30 79 Dec. 85 Dec. 21 4 7% Dec. 18 % Dec. 27 8 Dec. 75 19 29% Dec. 27 1 106% Dec. 6 3% Dec. Dec. 29 Dec. 12 47% Dec 15 109 21 26 25% Dec. 13 25% Dec. 13 92% Dec. 29 6 103 20 53% Dec. 7 40% 112% 6% 37% 3% 21% 28% 58% 61% 170% 4% 14% 23% 37% 16% 89% 40% 83% 3% 7% Sale Sale Sale 39% Sale Sale Sale Sale 84 Sale Sale 80% Sale 13 13% 26% Sale 3% Sale 14% 1% 70% 32% 30 Dec. 12, Dec. 6 Dec. 5 Dec. 30 1 Dec. Dec. 30 Dec. 29 10 Apr. 18 5 4% Dec. 28 25 Apr. 8 53% Apr. 11 9 Apr. 8 79 Jan. 5 Dec. Jan. Oct. Sept. Sept. June Sept. 5 8 11 3 23 27 27 27 27 4% Sept. 26 14 Oct. 26 % 1% 1% 3% 20% 39% 50% % 1% 1% 9% 15% 13% Sept. Sept. Sept. Sept. Jan. Sept. Nov. Sept. Jan. Sept. Mar. Sept. Jan. Sept. 27 2627 27 41 94} 14} 97} Oct. 4 IS 3 13 5 13 9 5 3 11 6 May 23 June 10 58 Mar. 11 4% Oct. 26 Dec. 11 Dec. 1 Dec. 12 Dec. 26 Dec. Dec. 5 14 Jan. 100 11% 2% 3% 3% 62% Dec. 29 18 Dec. 30 Apr. 110 Oct. 19 Feb. 37 % Oct. 26 Apr. Apr. 111% Dec. 28 Apr. 24% Sept. 22 Aug. 24 8% Sept. 27 Sept. 1 9% Sept. 26 Aug. 19 8% Sept. 26 Apr. Apr. Apr. 10 25% Dec. 13 14 25% Dec. 13 11 96 6% Dec. 15% Dec. 5% Apr. 74% Jan. 62% Jan. 38% Apr. 15 15% Jan. 30% Mar. 14 14 73 15 91 Mar. 14 83 Feb. 8 10 57 Jan. 3 1% Dec. 19 3 45% Jan. z25% Apr. 10 1 5 Dec. 22 4% 29% Dec. 29 15% 6 9 Dec. 80 Dec. 23 5 89% Dec. 14 Dec. 6 Dec. Dec. Dec. Dec. Dec. 7% Dec. 2% Dec. 4% Dec. 6 8 1% 9% 30% 107% 4% 7 30 27 1 7 43% Dec. Dec 23 7% Dec, 40% 4% 24% 31% 60% 64% __ 7 Dec. 30 7 Dec, Dec. 21 Dec, 13 Dec, 14 Dec. 30 1% Dec. 2 26 Dec. 14 4 103 Dec. 30 20 __ 32% Dec. 7% Dec. 4 14 Dec. Dec. Dec. 30 1 20 11 14 8 89% 4% 8% 80% 14% 28% 4% Dec. Dec. Dec. Dec. Dec. Dec, Dec, 19 47 Dec. 15 10% Dec, 7 30 22 5 19 5% 73 79% 7% % 7% Sept. 27 Apr. L01% Jan. 3% Dec. 6% Aug. 1 July 1% Apr. 8% Aug. 88 Sept. 9% June 11% Apr. 1 Dec. 17 24 10 Dec. 85 Apr. 29% Apr. 12 11 Aug. 4 Sept.11 5 2% Jan. 12% Mar. 10 35 Jan. 24 14 9% Sept. 6 5% Sept. 12 Sept.11 31 34 Sept. 12 19 101% Dec. 20 11 30 10 16 9 M 2 8 11 26 ifl* M 7 1 J an. 3 Mar. 3 Sept. 25 May 31 Jan. 5 Dec. 30 4 3 31% Jan. 32% Sept. 11 61% Sept. 16 67% Sept.11 54% Apr. 19 Sept. 22 177 Aug. 11 3 5 Dec. 14 Sept. 5 2% July 25 „% Sept. 5 150 16 93 Sept. Apr. 26% Jan. 6%-Aug. 20% Apr. 33 Sept. 28 Apr, 9 Apr. 75 Apr. 24% Apr. 1 38 Jan. 12 110 Jan. 3 32% Aug. 25 8 1 11 8 14 8 June 30 2 2% Aug. 8 3 Apr. 48 Aug. 21 62 9 7 Dec. Mar. 5% Nov. Aug. 24 3% Sept. 38 Apr. 3 3 4 Apr. 29 3 41% Jan. 40% Feb. 28 37% Mar. 4 17% Dec. 20 94 Dec. 11 52% Sept. 22 96 Jan. 6 8% Sept.11 Sept. 5 Sept. 8 19% Sept.11 13 93 26 4 Mar. 10 4 108% Aug. 4 6 7% Mar. 10 1% Apr. 10 19% Aug. 24 16% Apr. 11 49 5 4 25 Feb. 27 Oct. 11 32% Apr. 11 Sept. 8 5 Jan. 91 zl06 9 14 Dec. yd 4 c87% Sept. 15 100 13 12 8 8 32% Nov. 18 112% Dec. 14 9s 111% 112% 111 30 9% Dec. 22 27 27 Dec. Dec. 55 6 Feb. 8 14% Sept. 12 60 Feb. 72% Aug. 15 32% Dec. 29 30% Jan. Sept. Apr. Aug. Apr. Apr. Apr. Nov. Dec. 29 53 9 6 Dec. Dec. Dec. Dec. Decl Feb. 98% Oct. 16 109% Aug. 7 8 42 60 Jan. 3 Apr. 103% Sept. 19 uoh June 21 8% Aug. 24 Sept.11 16% Dec. 27 83 6 3 13 Dec. 90 4 9 18% Dec. 3% Dec. 28 82 26 10 Dec. 27 1 14 4% Aug. 24 19% Apr. 11 8 73% Apr. 45 Jan. 24 13% Apr. 10 3% Aug. 23 10% Sale 29% Sale Oct. 11 14 Dec. 5 Apr. 13 3% Dec. Dec. Mar. 16 Jan. 6 Anr. Dec, Dec. 58 11% 101% 20% 133 Sept. May-2 Jan. 5 5 Dec, Dec. 105 25 Mar. 13 5 5 19 9 Oct. 19 1 174 Dec. 4 Feb. I06%Sept.l8 115 20% Apr. 11 39 78 69 Sept. 25 42 Jan. 3 45% 34% June 30 60% 21% Apr. 11 38 125 Sept. 11 135 1 Dec. Dec. 27 Feb. 1 Dec. Dec. Dec. 83% Dec. 3% Dec. Dec. 72 Dec. 12% Dec. 26 Dec. Sale Sale _ 23 69 10 Dec. 4 114% 21 34% Oct. Feb. 9% Dec. 22 88 41 7 X Dec. Dec. 46% Sept. 28 2% Apr. 8 15 Apr. 8 6% Dec. 24 38 Sale 19% Sale 4% 4% 16% 17% Dec. Dec. 22% 98% 31% 6% 25% 36% 35% 15% 43 8X Sale 107% 110% Dec. 21% Dec. Sale 18 Dec. 30 7 Preferred ex-warrants • 5 7 29 Dec. $2.25 conv pref w w 17 2 14 6h 87*/, Sale 5% Sale 28% Sale 7% Sale 4 Dec. 20 19% Dec. 4% Dec. 6% Dec. 14 5 29 Crown Zellerbach Corp.-----5 * 11 Dec. 27 Dec, Sale - Dec. 5 19 Sale 48X 23 X Sale 6X 7 Dec^ 15% Dec. 15 Sale * $8 preferred— Cutler-Hammer Inc 1 6 Sale 83 Dec. Dec. 32 7 27 38 Sale 4 31% Dec. 26 7 32 pref—100 * 5 15 Sale Curtiss Wright Corp.——1 Class A 1 90% Dec. 28 12% Dec. 30 96% Dec. 27 6% Dec. Sale Sale Cushman Sons 7% Dec. 8 Sale Sale 32 4 103 - 19 5% 4 99 Curtis Publishing Co (The)—* Preferred ——* 6 Dec. Sale 5 1 Dec. 91 Sale - Dec. Sale Sale — iH Sale 25 Preferred 48% Dec. 29 22% Dec. 22% Dec. 5% conv preferred 100 Cream of Wheat Corp (The)..2 Crosley Corp (The) —* Cuneo Press Inc 30% Aug. 24 44 Aug. 21 % June 1 % Aug. 23 % Aug. 10 7% Apr. 11 Dec. 7 4 Sale 7 1 10 10 Dec. Dec. 8 4% Dec. 5% 5% 112 x22% Apr. Dec. Dec. Dec. 2% Sale 4 24 8 5 26 18 W* 36 Dec. 26% Sept. 21% 29% 47% 95% Dec. 4 7 Dec. 7% Sale 30 20 2% Sale 1% Dec. 27 2 3% Sale 3% Dec. 27 16 18 17 6 17 Dec. 7 16% 15% Dec. 100% 101% 100 101% 100% Dec. 23 101% Dec. 20 1 '15% Sale 16% Sale 7 15% Dec. 17% Dec. 12% Sale 13% Sale 8 12% Dec. 27 13% Dec. 1 1% Sale Dec. 16 4 1% Sale 1% Dec. 94 91 Dec. 12 07% Sale 92% 5 98% Dec. 41 6% Apr. £3% Dec. 27 Apr. 85% Oct. 1% Sept. X % % 1% 1 Sale Sale Cuba RR 6% preferred—100 Dec. 13 105 30 Aug. Apr. Apr. June % Dec. % Dec. 2 14 Sale 2 4 22 1% 9% % % Dec. Dec. 4 • 6h 23% 8 Dec. 9* Dec. Dec. 12 5 17% Dec. 28 84% 74 78 71% 74% 71% 47 X Sale 45% Sale 44% 105 101% 102% 103 102% Sale 52 Sale 52 50% 109 110% 107* 110% 107% Sale 12% Sale 12% Sale IX Sale 1% Sale 66% Sale 64% 30% Sale 32% Sale 30% Sale Cuban American Sugar Dec. I>ec. 39% 4 Sale preferred-——-* ib 2 3% Dec. 21 30 Sale 176X conv 42% Dec. "45% 18 59 Preferred 4 113% 114%a 112 Dec. 20 1.14 35% Sale ~34%Dec7 27 39 77% 75 Dec. 15 76 Sale Sale Sale 6% Sale $5 Aug. Dec. Dec. 32 68 18% 4% 6% 4% Sale Crown Cork & Seal 17 k* 29 Sale 38% Dec. 16 48% Dec. Dec. 35% Sale 34% Dec. 27 38 Dec. 130% 130% Dec. 20 131 119 Sale 117% Sale 116% Dec. 21 120% Dec. 61 65 61% 62% 60% Dec. 12 62% Dec. Sale 18 15X Sale 1 Dec. 18 15% Dec. 104 105% 106 105% 104% Dec. 11 105% Dec. 31 Sale 1 30 Dec. 32% Sale 33% Dec. 109 X Sale 110 110 Dec. 7 .111% Dec. Sale Sale 19 130% * Crane Co 26% Dec. Sale Corn Products Refining—-.25 Preferred. -—--—100 ----- Apr. 70 Corn Exch Bank Trust Co- .20 Coty Inc 98 60 Sale Consolidation Coal Co v t c_25 11 12 1 1 Sale 19 18 26 93% Dec. Sale 6% 9X Dec. 8 1 Sale Consol Laundries Corp—----5 Consolidated Oil Corp * Consol RR of Cuba 6% pf-100 32 21 6 87 8 31X Sale Sale * 102 Dec. 18 22 Dec. 80 $5 preferred 4 4 18 12 80 Sale Jan. 16 82% Dec. Sale 10 X 52% Jan. 47% Jan. 13 12% Sale 94% 96% 50. June 29 5% Aug. 24 Sept. 5 20 Sept. 9 18 89% Sale 88 "lX Sale" 28 % Sale 36 79 $2 partic preferred-— * Consol Edison Co of N Y Inc.* % 8% 10% 4% 3% Sale 31% Sale Sale 5 7 7 7 14 27 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 1% 10% % % % % 13% 33% 47% % 8 8% 10% Sale 86 Consolidated Film Industry-_1 2 Sale Sale Sale Sale Sale Sale 35% 48% Sale Sale Sale 84 120,400 5 15,600 Davega Stores Corp—Conv 5% preferred .25 6,900 Davison Chem Corp (The) —1 82,700 4,200 Dayton Pr & Lt 4%% pref-100 For footnotes 11% % % % % 14% 8% 78 203,700 154,700 Coty International Corp 580 400 Sale 8% 75X Sale 113% 4,187,000 629,600 2 Dec. 13 Dec. 27 92 Sale 4 Dec. 29 16 95 2% Cigar—-----—* 7% preferred —-100 6 %% prior pref 100 Consol Coppermines Corp 5 Consolidated Sale Sale 8 Sale Sale 6% 5% 25 X 43 X 34,500 40,600 99,900 245,900 3,670 11,800 415,600 10,700 469,600 22,500 8,930 497,400 12,510 56,800 5,300 192,200 81,900 93 23% Dec. 8 x3% Dec. 38% Dec. 27 7% Continental Can—— 20 401,250 $4.50 preferred * 15,000 Continental Diamond Fibre 5 125,300 Continental Insurance 2.50 625'600 41% 7 Dec. Dec. Dec. Dec. Dec. 39% 7% 33% 20% Dec. 26 105 100 17% Sale Sale 29 % 93X 9,900 4% Highest Sale Prices Sale Congol eum-Nairn Inc * Congress Cigar. — * Conn Ry & Ltg 4 % % pref- -100 Consol Aircraft Corp —1 92% 168,000 25 16 Lowest Sale Prices 20 20% 103 Highest Sale Prices 35% Dec. 27 6% Dec. 27 28% Dec. 27 Sale Conde Nast Publications-—-* ------100 1,710,800 531,400 97,800 18,620 216,500 19 101 Lowest Sale Sale 46% % % % Columbia Broadcasting 1,256,820 1939 Sale Prices Ask 47% Sale Sale Salo Sale 9% 11 Sale 112% 115 355T Sale" 72 6% 31 30 Sale % s$ % Sale 10 Sale^ 36 35 ' Sale Sale Sale 47 % IK 1% 8% 13 % 13 % 17% Sale X % Sale Sale Sale Sale 1 Chrysler Corp.---------—--5 City Ice & Fuel-——--* 6% preferred —-—100 City Investing Co—------100 City Stores 5 Clark Equipment * 70;200 Clev Cine Chic & St L Ry— 5% preferred-.-—-100 70 3,536,900 110,700 28,440 *330 33,400 Ask Bid Sale 37% 6 X 31X Sale 30 Dec. 39 50% Sale 11% Sale 42 33 2,330 Chile Copper 45,100 144,300 12,300 1,220 622,900 28,500 1,010 5,710 262,100 52,800 18,800 YEAR 1939 1939 190,900 77,075 39,000 81,500 16,900 2,209,800 55,000 2,340 290,500 5,400 323,100 6,900 1,299,100 1,881,900 287,200 1,558,400 RANGE FOR Jan. 3 n. y. stock exchange Dec. y m 9 Sept. 27 Sept. 27 Nov. 4 32% Nov. 4 91 8* fa Nov. 16 June 17 Sept. 26 June 20 Mar. 10 8 4% Apr. Sept. 22 Sept. 19 112% Dec. 14 103 N. Y. STOCK :»4 EXCHANGE—STOCKS AGGREGATE SALES In 12 December Shores Dec. 1 * 20 805,600 Deere & Co Preferred 43,300 28,800 Deisel-Wemmer-Gilb Corp. 10 100 673,600 Delaware & Hudson 462.000 Del Lackawanna & Western.50 _ 23,100 JDenver Rio Gr & West pf_100 100 24,900 Detroit Edison Devoe & Raynolds A—. * * Diamond Match Partic 25 6% preferred Diamond T Motor Car Co—2 Distil Corp-Seagrams Ltd * 5% pref with warrants—100 12.100 * 20,220 Dixie-Vortex Co Class A * 10,180 74,600 Doehler Die Casting Co___-_* ..* 310,400 Dome Mines Ltd * 876,300 Douglas Aircraft Co Inc * 70,700 Dow Chemical Co 1,600 880 ^ -_ 6,500 19,400 33,300 4,400 8,600 5,300 63,600 * 123,200 Dresser Mfg Co 1 149,200 Dunhill International * 8,400 Duplan Silk 8% preferred 100 500 561,000 Du Pont de Nem & Co (E I) -20 6% non-voting debs 100 58,000 $4.50 preferred * 54,900 Duquesne Light 5% 1st pf_100 5,110 1 621,900 Eastern Airlines Inc 3,800 9,100 --5 94,000 Eastern Rolling Mills 253,400 Eastman Kodak Co of N J—* 200 46,700 1,200 11,200 760 350 Ask Bid 2034 Sale 25 2454 15 1554 24% Sale Sale 8 134 11334 134 Sale 4 * 5 3 Dec. 1939 23 554 54 12354 2434 Dec. 11 1554 Dec. 20 2154 Dec. 27 26 16 Sale Sale 2134 554 54 Sale Sale 34 Sale Dec. 21 Sale 2354 Sale . Sale 4 Dec. 27 5 Sale 54 Dec. 19 123 Sale Sale Dec. 120 20 Dec. 27 24 Sale 21 Sale 34 Sale 3354 Sale Sale 4234 834 1634 73 54 1254 3454 Sale 42 Sale 854 1854 7434 1154 3434 1854 Sale 3234 Dec. 27 4134 Dec. 27 834 Dec. 28 Sale 18 Dec. Sale 7134 1054 3354 1654 Dec. Dec. 19 Dec. 13 5 Dec. 22 Dec. 854 Sale Sale 84 86 Sale 1234 34% 22% Sale Sale Sale 33 7854 13234 Sale 1634 1134 Sale Sale 9 Sale 7434 Sale Sale 17 2234 7354 135 Sale Sale Sale 14 110 12 154 115 Sale 138 Sale 119 123 11634 11734 1634 Sale 754 Sale Sale 184 2534 Sale "3 34 Sale" 3434 Sale 1534 Sale 234 1154 >3754 3334 Sale Sale Sale Sale 14 754 117 120 175 Sale 35 Sale Sale 8234 Sale 143* Sale Sale 15 •734 1234 23 Sale 13™ Sale Sale 11654 120 Sale 182 Sale" Sale Highest Sale Prices Dec. 28 1834 2554 634 54 Dec. 11 Dec. Dec. 6 Dec. 18 5 Dec. 24 * Dec. 3434 Dec. 16 4 43% Dec. 954 1934 7734 12 % Dec. 13 Dec. 22 Dec. 21 Dec. 1 Dec. 2 1834 Dec. 21 2334 Dec. 23 8234 Dec. 29 35 1554 Apr. Apr. 1134 Apr. 12 34 Aug. 354 Sept. 54 Dec. 103 Apr. 23 18 Sept. 28 Apr. 36 54 Sept. 175 Dec. 2354 Dec. 554 554 16234 16534 Sale Sale 173 176 172 17034 Sale 30 2834 Sale 2834 1654 1634 1754 1734 1634 134 Sale 134 134 Sale Sale Sale 37 3654 Sale 1534 Sale 1434 6 Sale 11* 1 183 Dec. 30 7 1267j» Dec. Dec. 14 122 7 1 11 11754 Dec. 27 1 3134 Dec. 29 1 6 Dec. 8 Dec. 5 16834 Dec. 14 Dec. 8 175 Dec. 19 Dec. 1 30 Dec. 30 Dec. 5 17 Dec. 7 Dec. 1 Dec. 134 Dec. 4 1 Dec. 3854 Dec. 7 Dec. 27 1654 Dec. 11 2534 Oct. 18 2734 July 11 1834 Dec. 11 10 8 10 24 1 19 28 834 134 12534 3254 3434 4434 1034 2034 June 19 Apr. 2034 Sept. 55 Aug. 10134 Apr. 6 6 Dec. 10 27 14 90 Mar. 31 10 26 Sept. Jan. Oct. Jan. July July Nov. Mar. July Nov. Jan. Jan. July Nov. Dec. Dec. Jan. 13 34 3534 10 2234 11 34 24 8754 11 14454 17 34 Mar. 31 30 Oct. 1934 13 2 3 7 22 534 Aug. 1354 Sept. 11 66 Sept. 30 954 May 18 Apr. Apr. 27 14 12 12634 Apr. 11 126b# Oct. 27 112 Sept. 7 11134 Sept. 12 1234 Apr. 11 108 3034 Sale 534 16634 26 1 7334 Dec. 2 14454 Dec. 29 13334 Dec. 1354 Dec. 12 1734 Dec. 29 6 Dec 27 7 754 Dec. 13 Dec. 29 1334 Dec. 11 1267sa 12734 1267»j 12634 12673i Dec. 12154 Sale 12154 122 12134 Dec. 117 11734 11734 Dec. 2354 Sale Prices Dec. 21 24 26 124 Sale 20 Lowest Sale Prices Highest Sale Prices Sale Sale Sale 2134 24K Lowest 30 Ask Ask Bid 42 2 831,100 Electric Auto Lite (Thq) 954,900 Electric Boat. Bid 3034 3034 100 17534 Sale 6% preferred 4,360 208,600 Eaton Mfg Co 16,100 Edison Bros Stores Inc 196,300 Eitingon Schild 15,700 l.,100 5,700 29,200 34,600 YEAR 1939 Par 32,020 60,300 29,400 74,300 214,100 RANGE FOR IN DECEMBER Jan. 3 Shares 45,000 3,200 3,300 25,600 37,200 6,200 2,400 3,440 5,900 2,300 3,500 29,400 1,800 PRICES Price STOCKS N. Y. STOCK EXCHANGE Months 1939 11654 Nov. 18834 Sept. 142 4 26 11 26 13 3 1 31 4 16 3 26 4 29 29 13 2 5 Mar. 10 12434 Aug. 18 11834 Feb. 27 3134 Dec. 29 854 18634 18334 3034 354 July 13834 Apr. 15534 Sept. 1534 Apr. 1534 Sept. 1 Aug. 2234 Apr. 834 Apr. Sept. 12 Jan. 5 Feb. 8 Oct. 25 1934 354 4054 1834 July Jap. 12 4 334 1254 4134 38 **" Mar. 6 Jan. — 19 26 Nov. 13 Oct. Elec & Musical Industries— American shares 73,740 1,039,300 19,600 ""432,800 11,200 141,100 12.500 84,700 56,700 2,200 132.000 8,100 15,900 3,000 220 7,660 30,700 1.442,800 2,000 27,500 22,100 2,000 1,300 12,400 105,900 22,200 7,600 163,800 97,900 13,100 29,000 1,500 16,100 46,000 — Electric Power & Light—... $7 preferred-.^..-.-..-— $6 preferred — . 6,300 8,200 2,300 180 8,700 7,000 3.700 - 200 9,110 4,400 6,700 5.400 1,100 4,000 14,900 52,500 132,600 198,600 14,500 6,160 153,100 93,600 55,500 2,400 9,110 142,500 60,800 41,600 12,100 10,800 128,100 50 151,600 24,700 119,900 466,800 20,800 11,000 60,800 52,800 4,060 193,400 1,840 64,200 900 2,000 6,200 90 7,100 500 9,000 15,200 120 3,300 1,400 3,000 8,200 90 7,000 10,200 110 27,500 6,100 11,400 4,000 3,810 6,000 9,900 800 Fajardo Sug Co Porto Rico..20 Federal Light & Traction 15 j preferred * Fed Mining & Smelting new 2 . Federal Motor Truck * Federal Water Service A.. 39,200 6,300 29 41 Sale 43 11034 Sale 934 Sale 6634 6834 7134 Sale 76 78 154 Sale 2 Sale 454 Sale 254 Sale Federated Department 434 % preferred 10 Firestone Tire & Rubber 100 6% preferred series A First National Stores...... Flintkote Co * (The) ..* Florence Stove Co ...» Florshetm Shoe 45,900 326,100 44,500 11,660 52,800 3,710 2,394,300 578,200 13,700 (The) cl A...* * IFollansbee Bros Food Machinery Corp......10 434% conv preferred....100 10 Foster-Wheeler * * 100 10 — A....* 2 Sale 28- Sale Sale 154 11034 109 Sale 11 79 78 Sale 87 90 Sale 2 Sale 234 92M I* 154 1 12 16 31. Dec. 1 # 40 Sale 1.54 Dec. 28 234 Dec. 22 154 Dec. 22 Sale Sale 4 Sale Sale 2434 Sale 134 23 634 65 Sale Sale Sale 43 Sale 2834 Sale 13 14" 84 35 35 Dec. Dec. 2 Sale Sale 2654 Dec. 4 1554 454 Sale 97 Sale Sale a Sale 8634 Sale 2634 88 Sale 3454 18 Sale" 2434 2434 Sale 9934 100 4234 Sale 3154 Sale 3454 36 18 1934 254 3 34 Sale L0734 Sale 2834 Sale 87 90 354 Sale 4834 58 2954 Sale 234 254 Sale 2454 Sale 10354 Sale Sale 35 2334 Sale 3234 154 Dec. 334 Dec. 2 2 Dec. 5 7 4 Dec. 9 7734 Sale 38 Sale Sale 14 101 104 Sale Sale 6 34 9 Sale 10434 59 Sale 934 Sale LOO L33 140 434 Sale 1734 Sale Sale 9534 Dec. 5i Dec. 434 Dec. 54 Dec. Sale 22 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Sale 15 27 14 19 11 12 18 27 29 14 27 13 14 50 Sale 75 1 50 10234 Sale 534 Dec. 27 734 Dec. Dec. 8 10234 Dec. 10334 101 Sale * Sale Sale Sale 148 145 53 Dec. 1 734 Dec. 21 145 Dec. 15 Dec. 14 3 Sale Sale Sale Sale 23 Sale 72 Sale 57 Sale 50 ...» 100 L27 .._.* $4.50 preferred * General Gas & Electric cl A..* _ . ...* 76,200 General Printing Ink--—....1 69,100 $6 preferred * 1,880 ... General Public Service 114 General Shoe Corp 1 Gen Steel Castings.$6 pref...* General Telephone Co 20 Gen Theatres Equip Corp...* Gen Time Instrument Corp..* 6%'preferred General Tire & Rubber Co Sale Sale Sale Sale Sale 120 Sale 120 48 Sale 11634 Dec. 15 34 Dec. 14 40 Sale 8934 Dec. 13 119 6 11634 Dec. 12834 12534 Dec. 27 *5534 Sale" Sale" Sale L2334 Sale 3434 38 634 654 1034 Sale 12454 128 Sale 38 Sale 35 Sale 9 L2434 Sale 434 uV> 1I* a* 52 3! 1 Dec. 12734 Dec. 12 4 Dec. Dec. 1 18 Dec. 4 110 Dec. 28 54 Dec. 13 ll7% Dec. 29 Dec. 6 Dec. 11 Dec. 29 Dec. 29 Dec. 18 Dec. 7 Sale Sale 1634 Dec. 27 Sale Sale Dec. Sale 89 Sale 89 Sale Sale Sale Sale 16 Sale Sale Sale Sale 40! 15 Sale 1 3034 Dec. 1434 Dec. 27 283i Dec. 27 2 1854 Dec. 1054 Dec. 19 3054 Sale Sale "1454 "is" Sale 1854 1554 17 9934 2354 Sale 834 Sale 51 Sale Sale 9934 20 Sale 1654 9934 Dec. 1 34 Dec. 16 Dec. 7 9 8 12 4 9 5 Dec. 7 Dec. 23 Dec. 6 Dec. 6 Dec. 7 Dec. 28 Dec. 29 Dec. 7 Jan. 8 3 Nov. 10 11 4 Jau. 20 Sept. 26 Jan. Dec. 28 3134 Dec. 234 Aug. 24 54 May 25 1854 Apr. 11 Nov. 10 38! 18! 98 — Jan. 15 Sept. 8 Aug. 15 Dec. 11 8 4 19 18 6 151 2731 Jan. Sent. 13 891 Feb. Nov. 30 23 i Nov. 20 Apr. 11 Sept. 13 Apr. 10 Jan. 4034 2134 2534 16 105 8 5l ~ " __ Oct. Dec. 16 Dec. 28 Sept. 12 June 8 Apr. Sept. 5 6 Apr. May 12 Aug. 3 3134 Jan. 4 38 July 27 8 5 Sept. 11 3734 Sept. 12 134 Apr. Apr. 10334 Apr. 14 Aug. 6634 Aug. 134 Apr. 21 25 14 5 108 Oct. Jan. 24 29 Jan. 24 9051 93l Jan. Sept. 15 55 Jan. 1834 Apr. 26 36 27 Apr. July Aug. July 94 Apr. 354 Apr. x9% Sept. 4534 Aug. May I* V Apr. 7 Dec. 29 Dec. 4 Dec. 20 Dec. 30 Dec. 19 Dec. 1 Mar. 13 2534 234 834 4331 1 81 Jan. Dec. 28 28 27 15 29 96 Dec. Sept. Sept. Sept. Sept. 11 24 40 Dec. 1 Dec. 11 3! 65! 5! 11 20 5 Sale 110 Sale 7 30 Aug. 3 June 21 Aug. 16 Aug. 7 Jan. Apr. Apr. Apr. Apr. Dec. 22 Dec. 4 Dec. 12 Dec. Dec. Dec. Dec. Sale Sale 100 5 463,300 Gillette Safety .Razor ...5 314,700 $5iconv preferred.........* 49,000 Sale Sale Sale 114 Sale 57 Dec. 14 16 19 Dec. 8 110 Dec. 5 11334 1 3834 Dec. 4054 1 48 4534 Dec. 90 Sale 78 * _* Sale 134 Sale 39 49,700 General Railway Signal......* 138,300 6% preferred 100 980 Gen Realty^& Utilities Corp__l 208,700 $6 preferred-. ........* 37,400 General Refractories 130 4334 Sale 3934 Sale 534 Dec. 18 3534 Dec. 4 3434 Dec. 14 234 Dec. 29 234 Dec. 1 *V/a Sale 334 Dec. 18 434 Dec. 5 Sale 1434 Dec. 26 1654 Dec. 7 Sale 1235 Dec. 2 1454 Dec. 7 103 10434 Dec. 21 10434 Dec. 21 5 Dec. 1 454 43i Dec. 26 13 Dec. 12 1354 Dec. 6 35 2354 Sale Dec. 11 Dec. 1 Dec. 6 Nov. 29 Sept. 13 134 Sept. 11 3 6 6 Apr. 11 14 34 Apr. 11 Dec. 20 Dec. 19 Dec. 29 254 Dec. 1 3434 Dec. 30 20 ...» ..* 37 24 27 Sale 2 Dec. 2 Dec. 4 Dec. 14 Dec. 16 Dec. 28 Dec. 22 105 Dec. 23 4734 Dec. 1 2234 Dec. 7 29 1 Dec. 2554 8734 1854 4034 2134 2154 Sale .....100 7% preferred 1 8 6 95 134 Apr. 10 6534 Sept. 15 24 Dec. 11 89 54 Aug. 24 1 Aug. 21 134 Sept. 1 3934 Dec. 30 2954 Dec. 7 1634 Dec. 9 Sale" 27 8 6554 Apr. 69 Apr. 11 354 Sept. Jan—20 Feb. 6 " ' " Sept. 14 334 Sept. 11 35 28 Jan. 25 4254 3234 Aug. 31 55 zl03 34 Mar. 22 111 8 7 1334 Apr. 8 8034 6234 Apr. 2 98 13 1 134 Sept. 11 634 Apr. 10 11 8 1854 Apr. " 2334 Apr. 11 4 54 Apr. 20 34 Apr. 6 3134 Dec. 434 Dec. 19 12 d* Dec. Dec. 21 1034 Dec. 19 2034 Dec. 19 ....._.* 1 6 30 Dec. 27 8434 1734 Sale 3734 2354 2134 Sale 1934 Sale 10334 4354 4634 Sale 1954 Sale 3454 2254 Sale 234 8654 Sale 934 Dec. 6 2434 Dec. 21 11 107 Sale 95 1854 Sale 5134 5134 5 Dec. 27 28 Sale Sale 25 14 1554 Sale 81 5 4 Dec. Dec. 27 1 Dec. Dec. 20 6 Sale 6 Sale 5 354 834 2134 54 Sale Sale Sale 3 Sale Sale Sale ... Dec. 29 Dec. 30 Dec. 28 154 Dec. 14 Dec. 19 42 Dec. 6 Dec. 26 4554 Dec. 19 Dec. 20 10934 Dec. 14 11034 108 Sale 1 1034 Dec. 1134 Dec. 7 3 80 z7534 Dec. 7934 Dec. 29 84 Dec. 1 8854 8834 Dec. 6 89 93 Dec. 15 9234 Dec. 7 Sale 4 1 Dec. 13 54 Dec. 4 Sale Sale General Electric..... General Foods 154 Dec. 12 751 Dec. 7 32 27 Sale Sale 42 Dec. Dec. Dec. m Sale 42 4 ..... 3 27 Sale 13 Preferred 7% General Cigar Inc... For footnotes see page 40. 84 8734 34 154 Sale 1 173,500 $6 conv preferred A * 1,170 General Mills .1..* 68,100 6% preferred 100 17,290 5%ipreferred 100 1,530 General Motors Corp..... 10 4,657,200 Preferred 5% .* 47,800 Gen Outdoor Advertising J A_ * 9,700 184,200 27,600 57,870 52,400 124,900 16,900 4 134 Dec. 654 Dep. 20 29 ' Sale .....10 * $6 pref..* General Bronze General Cable Class A Common 2534 3054= 154 4134 4034 10834 1034 7634 3154 Sale 13 * 300 ~7~266 * 63,700 5 25,800 Gaylord Container Corp 534 % conv preferred 50 3,500 Gen American Investors__...* 82,100 $6 preferred-. ._...* 3,000 Gen Amer Transp Corp 5 147,210 General Baking Co .5 166,100 $8 1st preferred * 2,410 "9,506 70 3 Corp Fairbanks Co 8% preferred-100 Fairbanks Morse & Co— * 800 Gannett Co Inc conv Gar Wood Industries Inc 7.200 800 1,530 205,200 5 5 Exchange Buffet Corp 140,400 $3 preferred 57,700 Gamewell Co (The) 13,970 20 "3; 100 Ex-Cell-O Sale 29 50 Evans Products Co 53,300 Gabriel Co (The) class Gair Co Inc (Robt) 1,500 6,800 4,200 1,550 21,000 100 100 4% 1st preferred.. 4% 2d preferred * 13,900 300 —.100 7% conv preferred Francisco Sugar Co 780 Franklin Simon pref 255.800 Freeport Sulphur Co 190 4,800 150 180,900 31,500 5% preferred 100 Engineers Public Service 1 5 conv preferred— * 5.50 preferred w w—..—* 6 cum preferred .___.* Equitable Office Building * Erie RR ~ 154 Sale 3 50 Endicott-Johnson Stores.* 100 Ferro Enamel Corp 1 Fidelity Phenix Fire Ins..2.50 * 360 Filene's (Wm) Sons Co 11,000 1,100 12,300 22,700 3.100 730 30 20 Erie & Pitts RR Co Eureka Vacuum Cleaner "4" 400 2,500 13,700 2,500 2,700 11,200 Electric Storage Battery. Elk Horn Coal Corp El Paso Natural Gas Co Sale Sale! :m ^34 Ji Sale 10 9 11* 10 10 88 13 Dec. Apr. Oct. Sept. 27 Oct. 1 i§* July 21 Sept. 11 4 Jan. 75 Jan. 3 4 2534 Jan. 8 Jan. 35 6 23 13034 Mar. 31 5 11 4454 Jan. 3654 Jan. 27 4734 Aug. 10754 Sept. 25 11854 July Jan. 34 Dec. 14 3 Jan. 39 7234 Jan. 26 11634 Dec. 26 Sept. 25 26 10334 Mar. 28 8 65 Sept. 27 Mar. 9 8 Apr. Apr. 10 16 6 5 13 22 10434 Dec. 21 Jan. 5 10 1 3 18% Jan. Jan. 17 17 52 Jan. 3 17 9 Mar. 31 106 31 11 5 Sept. 13 Sept. 26 10 11 734 Dec. 21 128 Sept. 20 149 234 Apr. Sept. 6 3 3 5 6534 July 11 99 July 28 6 127 Jan. 27 12534 Dec. 27 12854 Dec. 11 5654 Oct. 26 3654 Apr. 11 8 112 Sept. 5 12634 June Feb. 28 4 38 28 Apr. 5 634 Jan. Sept. 5 334 3 Mar. 31 1034 Jan. 105 Apr. 15 11134 Nov. 25 June 30 154 Sept. 5 J an. 5 28 Sept. 1 8534 Aug. 22 9234 Apr.' 6 ■128 Jan. June 30 2034 Jan. Sept. 6 Apr. 11 Aug. 24 8 Apr. Apr. 28 3 5 4 7 1534 Oct. 4354 Sept. 27 41 Jan. Dec. 1 2034 Nov. 20 Sale Sale Sale Sale 2 2134 Dec. 554 Dec. 18 Sale Sale 45 Dec. 8 2334 Dec. 7 634 Dec. 5 4934 Dec. 21 1534 Jan. 4 Aug:. 10 18 8 Nov. 15 16 8 9934 Feb. 2754 Mar. 10 3 854 Jan. Mar. 14 54 Sept. 5 Apr. 11 Apr. 10 Oct. 21 • Nov# J AN.,\1940] 35 N. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES In 12 December Shares 140 30,000 3,800 63,400 4,330 5,OQ,0 410 40,800 7,700 3,600 2,200 1,800 1,800 6,000 4,000 . 260,600 57,400 54,900 Dec. 1 Gimbel Brothers 300 580 20 11,500 51,700 9,700 9,700 160 2,100 1,100 Gobel • 500 190 14,000 300 . a?o 6,800 " ~~2~, 600 40 17,300 1,800 16,400 1,600 30 3,600 F) 1 Co—100 * $5 preferredGoodyear T & R $5 preferred Gotham Silk Hosiery - _ 9,300 1,710 197,500 6,900 v 1,430 "2,890 113,700 610 1,100 800 40 14,600 1,000 12,900 10 Sale Sale 55 23 54 45 Sale Sale 254 2 54 Sale 65 Sale 70 40 3| H Sale 254 Sale 84 54 86 3:1954 Sale - Sale 63 Sale 2354 Sale 9454 Sale 354 Sale 100 Graham-Paige Motors „-l Granby Consolidated Mining Smelting & Power Ltd 5 Grand Union Co (The) --1 $3 conv preferred series *> With div certifs * Without div certifs * Sale Sale 5 80 74 1 54 Sale IX Sale IX 12 X 71 69 Sale 1939 Sale 92 69 68 Sale 1 ' 1654 1454 26 33 Sale 23 A Sale 23 54 MX 30 % 26 Sale 1754 Sale 26>4 Sale 2854 Sale Sale 24 Sale 135 60 5354 2754 Sale 31 Sale 20 Sale Sale 12 X Sale Sale 1754 1154 254 21 Sale 22 1754 45* Sale 21 Sale 16 30 31 30 aW Sale 454 17 Sale iVA Sale 135 X 137 49 X 40 354 354 754 Sale 16 Dec. 16 Sale Sale 34 33 23 25 17 Sale 2654 Sale 2754 Sale 1335* 140 60 45 3454 1654 1154 2?* 354 1654 Sale Sale 12 Sale 25 354 Sale 27 Dec. 21 22 Dec. 27 Dec. 18 Dec. 4 43 Dec. 6 14 Dec. 14 Dec. 1 67 Dec. 27 6 Dec. 1854 3854 354 254 8554 2054 Dec. Dec. 1 Dec. 13 654 Aug. Sept. Sept. 34 May 254 Jan. 154 Apr. 70 Jan. Dec. 7 15 53 2554 Dec. 7 Dec. 13 Dec. Dec. 7 15 Dec. 27 Dec. 29 92 Highest Sale Prices 105-8 Dec. 28 Dec. Dec. Lowest Sale Prices 53 5054 Dec. 19 3754 3854 3654 254 Sale 254 254 Sale 254 83 8354 8754 19 1954 Sale 64 6554 263 23 Sale 2254 754 Sale 16 Sale Sale Highest Sate Prices Sale Prices Dec. 28 8 54 Dec. 29 4 854 Dec. 754 J4 1654 1454 954 1454 3254 23 54 1654 2554 2754 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2 Dec. 2 1754 Dec. 26 6 13 Dec. 15 14 6 Dec. 22 Dec. Dec. 26 6 22 19 Dec. 4 25 Dec. H 1254 1654 2354 12954 Dec. 27 22 1 454 Dec. 1754 Dec. 21 Dec. 3 11 6 35 Jan. 25 Apr. Apr. Aug. 2254 3354 3754 14154 5354 3554 2154 1254 Sept. 42 May 2454 Jan. 1454 Apr. 10 Apr. 16 3 3 1054 154 1854 1554 105-s 2254 Apr. 7 Dec: 10 Mar. 154 Nov. 2454 Jan. 3 16 80 454 Apr. 54 Apr. 11 Apr. 1454 Dec. 954 Dec. Dec. 4 Nov. 29 10 54 Aug. 18 Dec. 25* Dec. 21 86 4 2454 Jan. 7454 Mar. 16 11 3 3854 Jan. 87 Nov. 10 109H Jan. 5 254 June 30 554 Sept. 27 Dec. 27 2854 Dec. 13 29 7 2954 Dec. 4 131 Dec. 20 13554 Dec. 8 8 5354 Dec. 5354 Dec. 1 31 Dec. 3454 Dec. 29 6 1654 Dec. 27 1854 Dec. Dec. 7 12 1154 Dec. 15 5 7 354 Mar. 14 4 254 Jan. 4 67 Jan. Mar. \VA 11 1554 1054 1754 3454 2454 14 28 19 18 29 3 1354 Jan. 6654 Mar. 11 24 1 1 17 23 10 1354 Apr. Apr. 215* Apr. 1 95 35* Dec. 14 Dec. 13 67 54 Sale 18 X Sale 1854 5254 f9* 54 Sale Sale 7 54 64 Lowest Ask Sale W* 60 47 Dec. 30 Ask Bid 6454 * 38% * * 109 - Preferred Bid Sale 5 Sept. Jan. 27 Oct. 31 Dec. 15 Dec. 14 Sept. Aug. Aug. Sept. Sept. Sept. July 12 14 4 11 27 5 27 Dec. 8 July 18 Mar. 9 June 13 6 Apr. Apr. Apr. Apr. Sept. 36 Sept. 654 Sept. 2254 Sept. 5 6 27 27 •• Hackensack Water Preferred A 25 25 Hall Printing, Hamilton Watch 10 * 6% preferred .--100 (M A) Co $5 pref:"—* Harbison Walker Rerrac * Hanna 32 X 33 Sale 16X 99 105_ -97—IOO 11X 1554 Sale 31 790 6% preferred 100 13854 6 -1 41,700 Hat Corp class A— 7254 6 A %i preferred with warr 100 2,611 3X —-—2 405,100 Hayes Body Corp 25 106 22,700 Hazel-Atlas Glass Co 11X 1 417,800 Hecker Products Corp25 10954 10,500 Helme (G W) 7% preferred --100 1,600 —* 1654 60,300 Hercules Motors -_ _ 800 7,700 6,900 9,500 Aslc Bid 24 % * 0,900 Hercules Powder 6,870 6% preferred 100 * 13,600 Hershey Chocolate 12,400 $4 conv preferred - - * 5,500 Hinde & Dauch Paper Co—10 130,300 Holland Furnace (Del)——10 51,500 Hollander (A) & Son--. 5 113,500 Holly Sugar Corp 490 7% preferred 100 257,700 Homestake Mining-..—12-50 17,000 Houdaille-Hershey class A.--* Class B 318,000 9,600 - 1 (Adolf) Goebel Brewing Co Gold & Stock Teleg Goodrich (B I 140 * — $6 preferred * (The) ,---* 454% conv preferred..—50 Glidden Co 1,800 1,800 * 63,500 Granite City Steel 87,900 Grant (W T) --10 14,700 5% preferred 20 254,700 Great North Iron Ore Prop—* 100 1,278,500 Great Northern pref --* 173,700 Great West Sugar Preferred -.-100 5,390 136 Green Bay & Western RR-100 193,800 Green (H L) Co 1 * 1,471,400 Greyhound Corp (The) 87,000 554 % preferred 10 --* 193,900 Guantanamo Sugar 4,425 8% preferred ..100 14,100 Gulf Mobile & Northern—100 6% preferred 100 26,100 18,700 57,800 8,800 YEAR 1939 Par 520,600 21,130 174,600 8,300 193,100 95,100 1,840 890,800 55,700 1,189,700 41,930 54,400 1,850 502,120 RANGE FOR IN DECEMBER Jan. 3 Shares 30,000 1,600 17,200 1,300 11,000 7,900 PRICES Price STOCKS N. Y. STOCK EXCHANGE Months 1939 ----- Sale 7454 Sale 10654 Sale 111 15954 Sale Sale 86 133 134 55 104 5654 1754 105 20 Sale 954 Sale Sale 64 3154 3354 1754 Sale 8 3054 29 3154 3054 Dec. 3154 Dec. 20 May 2 36 Dec. 29 3654 Sale 3754 Dec. 14 32 Jan. 5 1 1854 Sale 1754 Dec. 8 1854 Dec. 14 Apr. 11 Dec. 11 1854 1554 17 17 15 1554 Dec. 27 Apr. 19 Sal e__lQL5i Dec.—1 .4-108- 103---Dec, 27 105 99—Apr:~12 1 103 Sale Dec. 8 1025-s 10354 10154 Dec. 96 May 19 4 Sale 2654 Sale 2554 Dec. 2854 Dec. 19 17 Apr. 10 142 135 147 123 Sept. 5 2 754 75* Sale 654 Dec. 19 754 Dec. 454 Feb. 3 86 91 90 Dec. 14 5 9154 71 Jan. 19 9054 Dec. Sale 7 354 Sale 354 Dec. 27 2 454 Dec. Apr. 10 108 107 Dec. 13 11254 Dec. 30 11254 Sale 93 Apr. 11 Sale 1 954 Dec. 27 9J4 Sale 1054 Dec. 854 Apr. 10 Sale 107 109 107 Dec. 21 110 Dec. 1 100 Sept. 13 2 160 Sale Dec. 1 148 1555-s 160 15954 Dec. Oct. 20 Sale 7 155-s Sale 1454 Dec. 27 10 1654 Dec. Apr. 10 38 Sale 17 10454 10154 2554 130 754 9034 354 10634 1054 110 160 15 Sale 87 89 8554 8654 13154 131 13054 13354 131 60 6154 6054 5954 6154 108 110 109 „3M 116 18 17 1754 Sale 32 32 3354 3354 Sale 6 Sale Sale 554 Sale 12 Sale 1154 101 108 10854 10254 110 59 Sale 5854 5854 Sale #« 32 34 Sale 1254 3154 1354 Dec. 12 Dec. 16 Dec. Dec. 8 90 5 132 Dec. 20 6154 Dec. 29 4 112 Dec. Dec. 14 Dec. 28 2 1854 Dec. Dec. 27 3454 Dec. 7 Dec. 14 6 Dec. 1 654 Dec. 1454 Dec. 18 19 10854 Dec. Dec. Dec. 29 61 Dec. 21 33 Dec. Dec. 33 32 1354 1254 Dec. 1 6 6 2 1354 Dec. 13 9 3254 May W» 38 3454 1754 Nov. 30 1854 Dec. 14 18 28 T Oct. oct. 10354 Nov. 3 3354 Sept. 27 144 Mar. 29 3 1054 Oct. 92 Nov. J6 4 54 Nov. 4 11254 Dec. 30 1354 May 24 117 Mar. 24 167 June 5 1854 Nov. 4 8 10154 Sept. 11 63 Apr. 12854 Apr. 10 13554 Mar. 6 54 Jan. 28 6554 Aug. 3 100 Sept. 19 115 July 17 Jan. 19 7 1454 Apr. 17 Jan. 4 2954 Sept. 12 51 554 Nov. 25 1154 Mar. 9 22 2154 Sept. 5 31 854 Aug. May 4754 Sept. 27 Apr. 854 Apr. 95 10 110 27 Oct. 10 6654 May 11 9 3654 Mar. 3 1754 Jan. 10 7354 July 8 Household Finance— Common stock * 23,000 10,300 5% preferred 100 359,700 Houston Oil of Texas v t C--25 5 123,300 Howe Sound Co 31,800 Hudson & Manhattan..—.100 1,800 100 20,000 6,700 5.000 23,300 15,500 26,600 2,100 17,800 2,800 330 12,000 24,800 55,700 11,000 10,500 900 9,700 550 3,900 31,100 15,100 3,700 4,500 35,500 1,500 13,100 75,600 10,800 155,700 800 93,000 101,600 5,400 1,320 1,300 4,000 1,900 400 143,700 11,000 6,750 100 2,800 2,500 • 300 1,500 190 5,400 6,300 650 54 Sale 354 354 2454 Sale Sale Inland Steel- Insurancshares 1 Sale 12 Sale Sale 24 26 Sale 40 43 6 Sale Sale Sale -* Sale Copper—20 Sale — Inspiration Cons Rights Sale Sale * 100 - 6 Sale 6% preferred series A 100 Leased line 4% 100 RR sec stock ctfs ser A.1000 Indian Refining 10 Industrial Rayon Corp * Ingersol-Rand _—... 6 % preferred- Sale 654 654 6 2554 Sale 49"' 3, 3 2554 5 54 1 1254 2354 4054 654 554 2854 53,200 969,000 115,900 33,800 52,100 490,100 18,900 367,500 806,600 85,200 * * Internat Agricultural ♦ —1 preferred Int. Business Machines International * Harvester 100 7% preferred Internat Hydro-Elec Sys A-25 International Mercan Marine.* 1 Internation Mining Corp 1,813,000 International Nickel of Canada* 11,100 100 Preferred 1,162,800 International Paper & Power 15 5% conv preferred 100 810,900 52,320 Internatl Rys of Cent Amer__* 5% preferred-100 26,650 19,900 49,800 33,900 6,820 1,461,100 224,800 126,550 1,720 19,800 32,800 * * —50 International Salt International Shoe.. International Silver 100 7% preferred International Tele & Tel * Foreign share certificates.— Interstate Department Stores 10 Preferred * Intertype Corp Island Creek Coal Preferred 4 7* 454 854 40. 2854 Sale 9254 Sale Sale Dec. 27 6 Dec. 554 Dec. 15 1 2554 Dec. Sale Sale Sale Sale 354 354 Sale 3954 354 354 1454 Dec. 6 13 Sale Sale Sale Sale 133 Sale Sale 5154 Sale 354 Sale 39 Sale 3054 32 2554 8454 954 954 lih 76 9 * * 100 2854 .Sale Sale 79 Sale 8 91 ^ 541 90 Sale 71 Sale Sale Sale Sale 12754 132 * 14 Dec. 7 Dec. Dec. 2 14 18554 Dec. 1 6354 Dec. 29 41 15 15 7 14 12 3854 Dec. 2 1 13254 Dec. 1 Dec. 20 1 Dec. 22 2654 Dec. 13 100 4 954 79 754 2454 12354 5754 Dec. 21 454 Dec. 23 5354 Dec. 26 Dec. 38 Dec. 12 Dec. 27 1 Dec. 4 454 Dec. 454 Dec. 1154 Dec. 1 6 Dec. 6 Dec. 8 °a Dec. 12 2554 1 12354 Dec. 14 54 Dec. 1 82 Dec. 6 72 Dec. 29 29 Dec. 2854 Dec. 21 Dec. 29 107 354 Dec. 18 19 17 1 7 Dec. Dec. Dec. Dec. 27 Dec. 13 14 6 1 8954 Dec. 29 79 Dec. 26 130 6354 Dec. 27 72 1354 Dec. 21 1654 128. Dec. 6 Dec. Dec. 8 7 Dec. 2 — 7 Sale 21 16 1754 1454 Sale 15 9754 105 Sale 95 93 Sale Sale Sale Sale Sale 27 Dec. 6 Sale Sale Sale 83 1154 Sale 22H Sale 1254 13 Dec. Dec. 3454 Dec. 1654 87 Mar. 34 100 12154 1454 5 Sale Sale 99 254 Sept. 8 Sale Sale" 19 4 Sale 63 18 120 Dec. Dec. Dec. Dec. Sale 130 8 Sale Sale 93 100 654 1754 1454 9654 1454 Sale 13 94 Dec. 21 754 Dec. 13 Dec. 30 20 Dec. 13 Dec. 27 xl554 Dec. 7 Dec. 11 9954 Dec. 29 Dec. 26 1454 Dec. 1 Dec. 30 10054 Dec. 14 10 Dec. 12 12 554 Dec. 19 5 8754 Dec. 90 Sale 14 Sale 94 1054 Sale 654 Sale 1154 Sale 754 Sale 88 90 90 Sale 8* 8 13 4 46 Apr. 'tit Dec. 48 124 105 Dec. Dec. 1154 Dec. 954 Sept. 6 2954 Jan. 16 Sept. 20 Aug. 7 Sept. 11 Sept. 5 3 131 14754 May 11 157 8 67 Apr. 86 954 Apr. Dec. Dec. 454 JW 7354 35 4 3 Mar. 13 4 1154 Jan. 454 Apr. 1 16554 Dec. 16 16354 Dec. 1 454 Dec. 20 454 Dec. 1 7 Dec. 954 Dec. 26 654 Dec. 27 5 754 Dec. 131 Jan. J an. 49 5 Sale Sale Sale Dec. llK Dec. 1.. 3/8 354 4454 5 10954 8 554 1 1254 Dec. 8 Dec. 13 1 Dec. Dec. 26 Deq. 18 1 Dec. Sale Sale Sale xl78 57 11 Aug. 24 . 954 Sept. 11 57 Sept. 6 154 Jan. 20 554 Jan. 9 3554 Sept. 5 854 Jan. 5 254 Jan. 3 7 16 Sale J" sT' 30 6 150 Sale 13454 6554 132 12 20 Dec. Sale Sale 8 Dec. Dec. Dec. 26' 89 Dec. 1254 Dec. 28 i/1454 Dec. Sale 254 Dec. 6 85 Sale Sale 1 1654 Apr. Dec. Sale 1454 Sale 254 Sale 2554 Sale 180 18454 6054 Sale 157 15954 vt 44 Sale 6 27 3854 Sept. 5 454 Sept. 1 454 Apr. 10 16g Apr. 10 1 117 Dec. 10954 106 aY/s x454 Dec. Sale 1154 Dec. Sale 154 Dec. 13 Sale 3454 Dec. 28 Sale X 10 27 6 Dec. Sale 106 1 7 9 Dec. 29 75* Dec. 30 Dec. 30 31 29 11054 Aug. 12 Dec. 108 554 354 254 3954 Sept. Sept. Apr. Dec. Sept. 2154 Sept. 454 July 54 Aug. 454 40 54 254 13 29 _ 6054 Oct. 102 Dec. Dec. 150 15054 8754 1354 Sale 122 4% preferred 100 16,100 25,000 Kaufmann Department Stores 1 5% conv preferred—.—100 1,800 ...5 37,500 Kayser (J) & Co 670 Keith-Albee Orpheum pref. 100 Kelsey Hayes WheelConvertible class A— 1 82,600 Conv class B 1 102,400 2,100 Kendall Co $6 part pref ser A.* see page 654 Sale Sale Sale 1354 2554 4454 654 2354 Dec. 30 39 6 15054 8554 1354 551 351 1 Sale Sale Sale Dec. Sale 117 1 Jones & Laugh Steel pref__100 Kalamazoo Stove & Fur'n Co 10 740 Kansas City Lt 1st pref ser B-* * 62,700 Kansas City Southern— For footnotes 12 Sale 2054 Sale — $6 preferred Jarvis (W B) Co.—* Jewel Tea Inc Johns-Manville- Sale 65 11054 554 4854 54 Dec. 1 Ctfs Inc Intercontinental Rubber Interlake Iron Prior 354 Sale Sale Sale 51 " Sale 108 . 810 1,300 1,600 Illinois Central.. Jlnterboro Rap Trans--.--100 Certificates of deposit 900 —* 113,300 Interchemical Corp-. 8,840 6% preferred 100 72,800 26,300 231,600 2,260 49,200 37,100 "2,700 51 Sale 554 6 Dec. 70 Dec. 23 8 11054 Dec. 8 Dec. 1 Dec. 65* Dec. 21 Dec. 28 5354 Dec. 15 5 1 Dec. Dec. 27 5 3 Dec. 354 Dec. 27 2354 Dec. 13 2554 Dec. 30 7 554 Dec. 27 654 JJtJU. >4 Dec 4 54 Dec. 22 54 Dec. 68 69 6554 6854 1105* 11154 11054 114 6 Sale 554 Sale Sale 100 698,400 40,600 8,640 14,190 17,600 209,400 42,700 1,360 150,100 521,200 55,700 74,100 .201,600 10 4,400 4,500 Sale Sale 13,600 2,800 16,300 160 Sale Sale 6,200 5% preferred 100 365,300 Hud Bay Min & Sm Co Ltd 100 * 211,900 Hudson Motor Car 487,100 Hupp Motor Car Corp.—---1 300 20,700 1,300 1,320 1,880 7054 104 8 1»i Dec. 554 954 254 Dec. 18 354 8 17 54 Apr. 4654 8 10954 90 Apr. 1 254 Apr. 754 Aug. 24 8 154 Apr. 16 8 Apr. 145 Sept. 6 167 4554 Sept. 1 7154 142 Sept. 15 16654 354 Apr. 10 854 254 Aug. 23 1754 554 Apr. 11 10 # 4VA 35 123 Dec. 12 5554 Sept. 21 138 654 Aug. 24 1454 2554 Aug. 24 5754 354 Jan. 23 654 9 3954 Jan. 6054 29 Jan. 12 38 3154 May 19 19 Apr. 10 84 Jan. 76 Sept. 14 754 Nov. 30 18 68 59 122 35 13 11754 554 11 854 90 1254 85 Apr. Jan. Apr. Apr. Apr. Sept. Apr. Apr. ig 11 24 Dec. 15 Sept. 11 Sept.12 Oct. 16 Oct. 18 June 5 Sept. 15 Aug. 10 Jan. 5 Sept. 11 Sept. 5 Jan. 3 May 2 Jan. 3 Dec. 21 May 29 June 3 Oct. Dec. 23 4 19 Feb. 28 Jan. 3 87 June 9 5 1054 J an. 3254 Sept.12 83 Mar. Oct. 9 21 Dec. 29 J ah. 3 June 9 Sept. 27 7 1954 Jan. 12154 Jan. 20 Jan. 4 il* 24 Sept. 27 1654 NOV. 17 9954 Jan. 17 11 18 July 28 25 10054 Dec. 14 24 19 754 Apr. 10 Aug. 24 5 79 Oct. 1S8 Sept. 16 18 Apr. 14 8954 1 105 Sept. Aug. 24 133 Apr. 1 15 954 Jan. 4 Apr. 11954 Sept. 25 125 13 5 Dec. Sept. 25 4054 Sept. 11 33 4 107 354 Sept. 5 4 Sept. 5 754 Aug. 24 16 June 21 1454 Mar. 8 1054 Mar. 8 Sept. 21 99 N. Y. STOCK EXCHANGE—STOCKS 36 aggregate -s II sales Price Dec. 1 1939 * 2,047,500 Kennecott Copper "# 107,200 Keystone Steel & Wire Co. 30,600 Kimberly-Clark37,700 Kinney (GR) 12,270 $5 prior preferred .10 281,800 Kresge (S 3) Co 11,100 Kresge Department Stores- .-1 Kress (S H) & Co 38,700 515,225 Kroger Grocery & Baking. _ - ... < Ask Par Bid - 100 — llOO * * Laclede Gas Light - 5% preferred Lambert Co (The) Lane Bryant Lee Rubber & Tire -5 Sale 43 H 12 26 Sale 27 54 1H Ay 14*4 Sale Sale T4 J* Preferred 21 Lily Tulip Cup Corp- - * Lima Locomotive Works--—* * — Co Liquid Carbonic Corp.. Lockheed Aircraft Corp Sale Sale Sale Sale 9*4 15*4 Sale 5 5*4 30*4 Sale sat* * $0.50 preferred--Loft Inc.— 1 * — Lone Star Cement Corp Long Bell Lumber A Loose-Wiles Biscuit— -* -25 17,400 MacAndrews & Forbes Co-'-10 520 6% preferred 303,900 Mack Truck Inc 283,000 Macy (R H) Co Inc__ * 38,800 Madison Square Garden--—-* 58,800 Magma Copper 10 Manti Sugar Co.. 216,200 --* 9,500 Mandel Bros 16,290 tManhat'n Ry Co 7% guar. 100 90 7% gtd certifs of deposit Modified 5% guaranteed 100 357,200 Certificates of deposit — 26,600 —25 20,000 Manhattan Shirt-1 53,000 Maracaibo Oil Explor ---5 416,000 Marine Midland Corp 17,470 Market Street Ryprior pref 100 518,600 Marshall Field & Co——-—* —1 1,778,400 Martin (Glenn L) Co —* 120,500 Martin Parry Corp 97,100 Masonite Corp-...---—-—* 100 10 * Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 175 18 16*4 Sale 39 Sale 45 Sale 19 Sale Sale * -* McOall Corp McCrory Stores— --1 6% conv preferred 100 McGraw Electric Co———1 McGraw Hill Rubl Co.———* Mclntyre Porcupine Mines---5 McKeesport Tin Plate- — - -10 McLellan Stores Co --1 6% conv preferred100 Mead Corp— * $6 preferred series A * $5.50 pref ser B with warr—* * 51,100 Melville Shoe Corp— New.. 1 4,900 98,600 Mengel Co -1 28,850 5% conv 1st preferred 50 11,120 Merch & Min Transp Co—* 5 73,800 Mesta Machine Co 332,700 196,500 139,900 7,110 93,800 Sale 05 109 8 X Sale 54 Sale 5 99 13 Sale Sale Sale 59 31*4 Sale 31 Sale 123 Sale 41*2 Sale 19 *4 Sale 37*2 Sale 1*4 1*4 28 *4 Sale Sale 11" Sale 7*4 Sale Sale 28*4 Sale Sale 12*4 Sale 1*4 Sale 5*2 Sale 7 Sale 12 X Sale 36' Sale 5% Sale 14*4 rt 1*4 Sale 5 106*4 Sale 98 Dec. 107 176 99*4 Dec. Sale Sale Sale 17 3*4 Sale 17 109 Sale 110 29 Sale 11*4 33*4 3*4 5*4 12 34*4 Sale 7 28*4 27 27 5*2 Sale Sale * 141,600 Motor Products...... 6 107.400 Motor Wheel ---1 91,400 Mueller Brass Co 112.400 Mulllns Mfg Corp class B——1 —— $7 conv preferred———— 12,290 — 19,400 Munsingwear * 23,400 Murphy Co (G O) 2.220 5% preferred.. 100 10 267,800 Murray Corp of America —...* 9,000 Myers (F E) & Bros 3*4 Sale 98 15 .13*4 Sale 92 108*4 Sale Sale 9*4 10*4 53*4 Sale 18 Sale 20 *4 8*4 Sale 100 Sale 15*4 Sale 06*4 113 24*4 Sale 7*4 8 Sale 46 11 Sale 95 Sale 100 97 11*4 Sale Sale 9 82 Sale 27 18*4 Sale 36 Sale Sale Sale Sale 9 100 11*4 Sale 6 Dec. 27 Dec. 15 4 Dec. 1 Dec. 8 Dec. Dec. Dec: Dec. Dec. Dec. Dec. Dec. Dec. 27 11 2 105 28 Dec. 4 158 Dec. 4 . 13 18 19 26 1 1 1 6 50*4 Dec. 3*4 Dec. 19 9 24*4 Dec. 96 Dec. 5 11*4 Sept. 4 Dec. Dec. Dec. Dec. 18 1 8 16 11 27 25*4 Sept. 5 9 6 5 14 15*4 Dec. 15 7 1 2 31*4 160*4 53*4 4*4 26*4 98 15 12*4 Dec. 19 15*4 Dec. 27 16*4 108*4 Dec. 18 108*4 23 Dec. 1 25*4 8 7*4 Dec. 29 45 Dec. 14 46*4 10*4 Dec. 27 12*4 8*4 Dep. 27 9*4 5 100 97*4 Dec. 1 9*4 Dec. 11*4 4 Dec. 7 Dec. Dec. 30 Dec. 21 27 Dec. Dec. Dec. Dec. Dec. 30 Dec. 5 Dec. 29 12 21 1 Dec. Dec. 19 . 854 6*4 88 6 56 64 Dec. 70 Dec. 16 Sale 4*4 Sale 34*4 37 9*4 Sale 1 *| Sale 4*4 Sale *4 *4 1*4 Sale 17*4 18 104*4 105 116*4 Sale 119*4 121*4 54*4 Sale 44 45*4 31 4*4 Sale 40 42 Sale 1*4 Sale 9*4 Sale 4 *4 A Sale 17*4 Sale 09*4 Sale 9 1 16 8 27 1 11 Dec. Dec. 5 1 Dec. 27 5 118 20 Sale 120 55*4 Sale 43*4 44*4 28 Sale Sale 16 Sale Sale 15*4 25*4 4*4 35*4 10*4 69*4 Sale Sale Sale Sale Sale Sale °5^f Sale 50 52 1 44 Dec. 22 25*4 11*4 15*4 23*4 Dec. 27 Dec. 27 Dec. 13 1 Dec. 4 Dec. 27 27 26 46 28*4 3 14 15 11*4 Dec. 6 1 33*4 Dec. 11*4 Dec. 14 16*4 Dec. 22 52*4 Dec. Dec. 12*4 Dec. 16*1 Dec. Dec. Dec. Dec. Dec. 25*4 4*4 35*4 11*4 \lH 32*4 54*4 109*4 21*4 62 6*4 .22*4 Mar. 13 Sept. 5 Jan. Dec 9' Jan. 4 5 July 17 July 22 Jan. 5 Sept. 11 Mar. 9 June I, 67 5 1 23 a* 16 8 2*4 5*4 8*4 17*4 45*4 8*4 10 24 12 5 2 Nov. 17 Oct. 30 29 8 10 24 Aug. 33*4 Oct. 23 0 43*4 Feb. 3 19*4 Jan. 40 Sept. 5 m Sept. 6 1 Nov. 14 6 Apr. Sept. 27 4 Nov. 22 Nov. Nov. Nov. Oct. 22 22 24 23 Sept. 6 Sept. 13 Mar. 9 Nov. 8 Nov. 4 Dec. 30 3 57*4 Jan. 37*4 Sept. 13 11 27 10 10 24 9 20 18 14 Jan. 5 69*4 Jan. 15 Apr. 11 18*4 Sept, 12 Aug. 25 10*4 Oct. 26 Jan. 13 101*4 Nov. 8 Sept. Aug. 23 liH Nov. 26 6 73 2 July Nov. 10 July 21 63 Nov. 20 Apr. 11 72 Dec. 30 Dec. 26 Jan. 7 3 July 9 Aug. 24 28*4 Jan. Sept. 2 21*4 Sept. 27 8 39*4 Jan. 4 Apr. 10 16*4 Sept. 5 10 18 Sept. 5 8 40 Dec. 19 11 120*4 Nov. 4 44*4 Sept. 11 85*4 Jan. 4 2 103*4 Sept. 25 114 July 25 6 Dec. 33 5 Nov. 18 Mar. 13 Mar. 13 Sept. 5 18 Dec. 14 Dec. 29 Dec. 29 1 Dec. 7 Dec. 5 Dec. 1 Dec. 8 Dec, Dec. 30 55*4 Dec. 44*4 Dec. 25 19 4*4 40*4 9*4 1*4 4*4 *4 1*4 18*4 109*4 5 118 Dec. Dec. 21 121*4 Dec. 52*4 Dec. 6 21*4 Dec. 12 5*4 Dec. 107 3*4 Dec. 28 *4 Dec. 20 *4 Dec. 20 17 30*4 Dec. 30 1 40 Dec. 27 117*4 Dec. 20 Dec. 27 Dec. 7 .16 Sale 4*4 Sale 36*4 10*4 Sale 66*1 68 109*4 110*4 5*4 Sale 50*4 51 37 12 103*4 Dec. 116*4 Dec. 11*4 Sale 33 4 _ 26 Jan. 5*4 Sept. 1 39 Sept. 19 46*4 30*4 Sale 28*4 Dec. 5*4 Sale 4*4 Dec. 21 21*4 19*4 Dec. 13*4 16*4 12*4 Dec. 28 Dec. 29*4 Sale 10*4 Sale 9*4 Dec. 15*4 Sale 13-*| Dec. 36*4 Sale 31*4 Dec. .16*4 119 114*4 Dec. 49 *4 Sale 48*4 Dec. .07 108 107 Dec. 11 Mar. 8 Mar. 18 Nov. 17 176' July 8 53*4 Oct. 1 6*4 Mar. 9 36*4 Mar. June 93 Jan. 3 105 15*4 Aug. 10*4 Apr. 11 9*4 Jan. 26 17*4 Nov. 88 Jan. 13 108*4 Dec. 15*4 Apr. 28 25*4 Dec 7 9 2 11 4 20*4 Aug. 11 1 21 18 Oct. 40*4 Apr. 3*4 Sept. 24*4 Dec. 13 Dec. 47 35 2 135 155 5 Dec. Dec. 18 Dec. 14 Dec. Dec. Dec. Apr. Apr. Apr. 12*4 Oct. 10 Apr. 1 Apr. 4*4 Apr. 3*4 Aug. 9*4 Apr. 26*4 Aug. 2 May 30 Sept. 6 Sale Feb. 25*4 Apr. Dec. 27*4 13*4 32*4 56*4 6 Aug. 24 1 5*1 12 8 8 4*4 Dec. July 6*4 Sept. 27 3*4 Sept. 11 8*4 Sept. 11 Apr. 25 6 15*4 40*4 8*4 38*4 20 36*4 Apr. Dec. 1*4 Dec. 13*4 Jan. 20 23*4 Jan. 20 Mar. 9 24*4: Feb. 25 138 Sept. 16 159*4 June 23 4 20*4 Mar, 13 15*4 Jan. Dec. Dec. v 11 19 1 10 21 28 8 Dec. 4*4 Sale 20*4 Sale 14*4 Sale Jan. Dec. 14*4 Dec. 29 AmXvr. 31 13 15 11 24 29 Mar. 31 35 28 29*4 Oct. 11 11 30 10 11 10 9 43*4 Aug. 14 26 108*4 Aug. 3 26 109% Aug. 3 15 180 May 26 10 19 Nov. 13 24 40*4 Sept. 27 5. 2 Aug, .11 16*4 Sept. 12 8 13 1 3 10 1 10 10 38*4 Sept. Dec. 20 24 52*4 5 7 62 Sale Sale Sale 22 70 Sale 109 * 9 26 Dec. 20 Dec. 1 12 Sale 8 8 61 110 Sale 27 14 13*4 16*4 32*4 37*4 105*4 19*4 47*4 3*4 70 107 . 14 1 27 19 27 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 17*1 Dec. 109*4 Dec. 24 *TDec. 41 61*4 111 56 14*4 14*4 2*4 Sale 9*4 Sale *4 Sale 2 Sale 17 Sale 111 Sale 115 115*4 Dec.. 19 18*4 Dec. 20 8 31*4 Dec. 70 119 Sale 53 1 57 112 50 6*4 Sale Dec. 1 Jan. 2*4 Sept. *4 May 1*4 Apr. 20 Sept. 9*4 Apr. 23 Apr. 36*4 Apr. 4*4 Apr. 33 Sept. 95 Sept. 95*4 Sept. 152 Sept. 16 Apr. 20*4 Aug. 31*4 Apr. 10' Aug. 13*4 June 29*4 Dec 30*4 Sept. 101*4 Sept; 60 Sale 109 8 8 46*4 Sept. 16*1 Sept. 38 Dec. 4 Sept. 30*4 Oct. 26*4 Aug. 5*4 Jan. 28*4 July 27 18*4 1 3*4 Apr. 5*4 25 Jan. 26 37*4 17 8 25 Apr. 112 Dec. 29 118 75 66*4 Sale 51 50*4 . Dec. 30 Dec. 8 14 Sale 70 67 42 6] 28* 13*4 13*4 1*4 4*4 3*4 13*4 37*4 5*4 36*4 Sale 97 9*4 Sale 14*4 Sale 31*4 Sale ——- 53 26*4 Sale Sale 20 27 30 20 Dec. 20 Dec. Dec. Dec. Dec. Dec. Dec. 13 4 106*4 Dec. 30 Dec. 29 1 107 1 175*4 Dec. 2 1 Dec. Dec. 11 13*4 Dec. 20 Sale Sale Sale Sale Sale 25 10*2 Sale 52*4 Dec. 30 7*4 Dec. 16 Dec. 20 6*4 Dec. 14*4 Sale 1*4 Sale 5 Sale Sale 89 12 4 23*4 Dec. 28 itH sit* 32 93 12 H 28 28 29 30*4 Sale 61*4 51*4 27*4 11*4 32*4 3*4 ■ Sale 168 163 164 49 *4 Sale Dec. Dec. Dec. Dec. 8 Apr. 12*4 Sept. 28 Sale 30*4 Dec. 11 34*4 Dec. 30 1 134*4 Dec. 12 124 Dec. 33 134*4 134 27 Dec. 28 29*4 Dec. 7 18 27*4 Sale Sale Sale 103*4 17*4 44*4 2*4 16*4 108*4 Dec. 5 7 34*4 Sale 57*2 Sale 32 Dec. 4 27 27 1 12 30 24*4" Sale ~22*4~DecrT2 150 155 *4 Sale Dec. 19 158 1 Dec. 20 20*4 19*4 Dec. 1 20*4 Dec. 28 57 Sale 7 55*4 Dec. 21 59*4 Dec. 3*4 14*4 40*4 8*4 36*4 Sale 7 Dec. 27 Sale 6*1 41 8 Dec. 40 28*4 Dec. 34*4 Dec. 29 22*4 Dec. 19 2 Dec. Dec. Dec. Dec. Dec. 28 52 21 29 Dec. 29 116 Dec. Dec. 26 4 Dec. Dec. 26 1*4 Dec. 3*4 21*4 11*4 27*4 47*4 5*4 Sale Sale 110 "Bale- 5 8*4 Apr. Apr. 1*4 Apr. 12*4 Apr. 20 Apr. 3*4 Dec. 29 23*4 Sept. 13 20*4 Apr. 11 20 6 16 30 26 7 9*4 Dec. 7 16*4 Dec. 11 16*4 Dec. 8 1 3*4 Sale 107 17*4 Sale Sale Sale 13 X 3*4 22*4 18 J Sale Dec. Dec. Dec. Dec. 28*4 Dec. 28*4 Dec. 2 1 5 Sale 1 46 32 7 % preferred series A----100 266,800 36,100 {Missouri Pacific —-100 Convertible preferred—-100 86,500 —20 81,800 Mohawk Carpet Mills 142,300 Monsanto Chemical Wks——10 $4.50 preferred— 5,070 ---* Preferred series B— * 5,410 * 1,791,100 Montgomery Ward & Co * 8,200 Morrell (J) & Co —-50 15,410 Morris & Essex Dec. 30*4 Dec. 21*4 Dec. Sale Sale 21*4"Salel" 148 *4 16 *4 58 22 Sale Sale 209,900 Minn Moline Power Implem—1 $6."60 preferred 13,300 -—* * 58,300 Mission Corp---- 39|H 7 7 Dec. 30 2*4 29*4 25*4 4*4 8*4 7*4 Dec. 20 Sale 14*4 Dec, 29 Sale £15*4 Dec. 15 106*4 106 J Sale 106 19 6 7*4 14*4 15*4 Sale Sale mm^OT footnotes see page 40. Dec. 27 Dec. 29 Dec. 8 Dec. 29 Dec. 6 Dec. 1 35 Sale Mo-Kan-Texas 2*4 25*4 23*4 3*4 26*4 27*4 2*4 25*4 24*4 Sale 3*4 4*4 28*4 Sale 28*4 Sale 38*4 12*4 15*4 31*4 Sale 60*4 Sale 4*4 Sale 8% 1st preferred100 Min-Honeywell Regulator Co_* 4% conv preferred ser B..100 3.750 110,000, 38 27 -5 Copper Dec. 39 13 Mid-Continent Petroleum—10 Midland Steel Products * Miami 39*4 Dec. 13*4 Dec. 33 178*4 173 19 18*4 Sale 26M Sale 38*4 Sale 11*4 15 Sale Sale 29*4 15*4 Highest Sale Prices Sale 29*4 Sale Lowest Sale Prices 28 Apr. 8 Sale 114*4 112 116*4 111 Sale 3 3*4 Sale Sale 32 Sale 29 $3 preferred with warr— $61st preferred , 118 Sale Sale Sale Sale Sale Highest Sale Prices Sale 26 W* 38 35*4 Sale Mathieson Alkali Works— Lowest Sale Prices 37 Dec. 12 13 *£ Dec. 11 Ask Sale Sale — 7 % preferredMay Department Stores Maytag Co (The) 30 Sale 18 H * 5 4 Lion Oil Refining Loew's Inc Dec. Ask Bid Sale 37*4 37*4 13*4 Sale 32*4 34 2*4 2*4 26*4 Sale 24*4 Sale 100 170 -— Link Belt Co Bid 27 Sale 2m 24 Lehigh Portland Cement—-25 4% conv preferred 100 112 5. Lehigh Valley50 Lehigh Valley Coal--— 2% 6 % conv preferred- -—- -50 Lehman Corp. (The) _ _ 1 Lehn & Pink Product J Corp--5 Lerner Stores Corp * 31 Libbey-Qwens-Ford Glass * 53 *4 m Libby McNeill & Libby * Life Savers Corp -5 36 Liggett & Myers Tob com— -25 101*4 Series B --25 103 *4 5% preferred*. . 100 249,400 Lorillard (P) common——-10 Preferred-_ -----—-----100 .9,330 56,200 Louisville Gas & Elec A-----* 83,100 Louisville & Nashville--—-100 179,200 1,200 103,800 50,600 15,000 2,320 69,200 354,600 ,4,900 136,600 22,200 175,800 217,700 119,500 2,220 116,400 1,160 2,900 1939" 1939 Shares 11,500 7,130 97,700 9,500 220,600 71,700 2,030 203,600 297,600 103,300 254,100 50,900 29,9 304,200 109,800 28,300 33,100 166,400 10,500 8,100 95,800 43,300 56,500 107,400 82,100 533,800 10,200 4,240,600 190,000 124,600 45.400 2,750 YEAR Jan. 3 N. Y. STOCK EXCHANGE 12 Months RANGE FOR prices in december STOCKS 29 6 14 23 7 13 2 30 4 13 13 2*4 Sept. 1 Sept. 1 8*4 Aug. 21 Aug. 24 2*4 Aug. 24 July 8 36 54 10* !» 2?* Dec. 20 84k 110 112 40*4 31*4 22*4 9*4 10 16*4 3*4 30 9 50 67 ~ Dec. 6 70*4 Dec. 27 4 110*4 Dec. 4 105 110*4 Dec. 6 6 Dec. 4 5*4 Dec. 22 50 Dec. 20 52 5 Dec. 43*4 Apr. 11 Apr. 10 Sept. 7 Sept. 7 Apr. 11 Aug. 25 Sept. 1 Apr. 10 Apr. 10 Apr. 11 Aug. 24 Apr. 8 Sept. 1 Apr. 8 Sept. 25 Aug. 24 Sept. 2 Jan. 3 Mar. 10 Jan. 5 Jan. Jan. 4 5 Sept. 27 Sept. 27 Oct. 25 114*4 Sept. 11 121 May 5 122*4 May 24 8* 30 Oct. 26 Sept. 11 Mar. 13 Jan. 5 Oct. 26 Jan. 3 Jan. 3 44*4 Mar. 13 14*4 Sept. 22 70*4 ov. 21 111*4 Sec. 27 Jan. 5 Dec. 5 Jan., 1940] N. Y. STOCK EXCHANGE-STOCKS 37 AOOREOATE SALES Shares 800 900 32,600 5,700 51,700 140 4,230 8,500 1,600 24,300 1,400 33,900 700 35,100 1,100 320 6,600 25,700 14,800 33,300 12,200 5,900 530 7,900 4,600 1,200 "2",700 360 17,700 3,300 182,400 7,300 16,500 —6,200 700 100 50 96,200 936,500 3,230 11,800 94,100 25,300 351,600 11,100 687,900 9,400 434,500 7,110 6,850 143,000 750,200 260,800 319,500 53,100 18,890 1,220 103,300 51,400 25,700 1,300 15,900 1,730 459,300 84,600 3,826,100 188,100 411,300 —165,000 46,120 26,770 1,630 50 70 31,200 20,200 5,900 6,400 360 2,700 6,500 150 79,700 3,400 3,500 117,500 310 68,600 1,100 600 6,000 50 , 1,820 223,900 136,300 29,000 252,800 5,290 2,700 52,800 4,830 1,835,200 55,000 64,600 2,553,900 1,680 1,047,700 21,300 3,410 225,800 2,330 90 706,700 168,500 253,100 3,750 30,300 288,600 2,490 527,200 11,800 13,800 1,010 20 90 98,400 9,800 9,600 520 2,100 31,400 220 14,300 800 2,100 16,592 17.000 580 440 890 2,600 19,300 5,000 6,800 80 180 300 18,600 7,400 113,100 63,100 700 10,600 2,100 190 87,700 1,000 11,300 1,200 13,400 10,100 6,800 3,000 21,700 25,500 2,800 22,400 600 3,900 1,500 3,900 1,000 3,900 400 4,100 3,880 5.370 900 16,400 2,500 43,800 4,100 400 13,100 Nash-Kelvinator Corp 5 Nashville Chatt & St Louis_100 National Acme 1 National Aviation Corp National Biscuit 5 10 100 7% preferred Bid Ask Sale Sale 22 Sale 14% 11% 22% Sale 25% Sale 169 170 15% 92 25 Sale National Cylinder Gas Co National Dairy Prod Corp 13 % Sale 1 * 100 .100 * 10 7% preferred class a 7% preferred class b National Dept Stores 6% preferred National Distillers Products..* Nat Enamel & Stamping * National Gypsum Co 1 $4.50 conv preferred * National Lead 10 16% 7% 4% 27 % 15 Sale Sale 13% 22% Sale Sale Sale Sale 15% 15% 116 Sale Sale 5% 109% 6 5 24 12 11% 92 26 IP 8 80 Sale 70 Sale 15% Sale 9 Sale Sale Neisner Bros Inc 13 24 24 25 24% 80 84 78 41 Sale Sale 36% 42 12% 38% 42% 42 Sale Sale 110% Sale * Sale 12 46 18 Sale 48% Sale n y Chicago & St Louis...100 6% preferred series a 100 Sale 19 Sale Sale 37 Sale n y Sale 34% City Omnibus Corp. 100 3% 100 5% preferred Sale 50 New York & Harlem 115 123 50 10% preferred n y Lack & West Ry Co.. 100 jn y n h & Hartford 100 Convertible preferred 100 *n y Ontario & Western. .100 n y Shipbuilding pt stock 1 7% preferred 100 Noblitt-Sparks Indus Inc 5 100 100 Norfolk & Western Preferred 10 North American Co 6% series—.—50 5%% series 50 North American Aviation Northern Central Northern Pacific 1 50 100 North States Pow Co $5 pref.l Telegraph 50 Northwestern Norwalk Tire & Rubber..*...* Ohio Oil Co Sale Oliver Farm 6 Oppenheim Collins & Co * * Otis Elevator conv 56% 57% "i§% Sale" 82 Sale 14 % Sale 102% 102% 27 28 17% 105 Sale 35% Sale Sale Sale 106 142 Sale 52% 22% 45% 100 5 Sale 10 Sale * * Pacific Finance Corp (Calif) .10 Sale Pacific Gas & Electric Pacific Lighting Corp Sale 1st preferred preferred it* 25 Sale * Pacific Mills Pacific * Telep & Teleg Sale ..100 100 6% preferred "55"" Sale Sale % z204%Sale 110% 115 22 Sale 57 Sale 57% 23% Sale 121% "SB 89 Sale 37% 32% 3% 6% Sale Sale 47% Sale " 25% Sale Sale Sale 50 Sale Sale Sale 32% 4% Sale Sale 14% Sale 6% 17% 138 Sale Sale Sale 142 11% Sale 39 44 Sale 24 50 64% 5 6% 22% SB m 15% 127 52 Sale Sale Sale Sale 12% Sale Sale 4% conv 1 105 1 Sale 100 Sale 10 1st preferred 2d preferred Sale Park & Tilford Park Utah Cons Mines 1 28 1 Sale 8 Sale 43 99% 7% Sale 88% 94 9% Sale 18 16% 2 6 Dec. 12 6 Dec. 27 Dec. 27 Dec. 27 Dec. 30 Dec. Dec. Dec. 27 Dec. 1 Dec. 26 Dec. 27 13 32 215 217 3 3 3 42% 3% 10% 24% Dec. 28 41 Dec. 6 Apr. Dec. 4 6 Dec. 27 2% 8% 18% 73% 11 15 11 14 8 19 11 28 1 10 Apr .-- 8 Apr. 8 May 20 July 4 9 Dec. Dec. 6 23 Dec. 16 40% 108% 11% 47% 17% 18% 36% Dec. Dec. Dec. Dec. Dec; Dec. Dec. 31% Dec. 41 30 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 27 22 27 $7 conv * pref series a Corp v t c. preferred Sale * $7 conv * Peoria Pere & 100 Eastern Marquette Prior preferred ..100 100 Preferred.. 100 Pet Milk Petroleum * Corp 5 * Phelps Dodge 25 Philadelphia Co pref 6% 50 $6 preferred * Philadelphia & Reading c & i_* for footnotes Me page 40* 24% Sale 25% 29 3% 28 Sale Sale 42 Sale 55 Sale 23% Sale Sale Sale Sale 3 16% 34 40% 4% Sale 3% 4 10% 12 30% Sale 26% Sale 22% 22% 7% Sale 6% Sale 38% Sale 37% Sale 30% 34 17 17% Sale Sale ... Sale Sale 75 % % Dec. 27 4* Dec. 1 51% Dec. 22 120 Dec. 1 120 60% Dec. 30 4% Dec. 28 6 21% 11% 11% 32% 47% 14 II* It* Dec. 19 8 18 19 7 Dec. 15 82 Dec. Dec. 7 8 Sale Dec. 7 Dec. 7 Dec. Sale Sale 83 19% Sale Dec. 21 8% Dec. 21 15 Dec. 6 2 Dec. 1 43% Dec. 20 9 16% Dec. 1% Dec. 21 60 56 Sale 91 Sale Dec. 21 Dec. Dec. 15 18 2% Dec. 30 3 22 6 6 6 15 7 Dec. 2 Dec. 29 Dec. 28 Dec. 1 1 7 Dec. 27 Dec. 27 Sale 13% Dec. 13 Sale 21% Dec. 1 33% Dec. 11 1 5 11 1 7% -Dec. 19 Dec. Jan. 7 Dec. Dec. 5 Dec. 2 Dec. 30 6 2% Dec. Dec. 4 Dec. 20 Dec. 1 Dec. 6 15 Wi Dec. 29 59% Dec. 94% Dec. 13 4 3% Dec. 2 3% Dec. 25 Dec. 15 iiB Dec. 23 23% Dec. 14 3 2% Apr. 11% June 3% June 9% Apr. 27% Apr. 41 Apr. 9% Apr. Apr. 128 Sept. 17 Apr. 6% Dec. 114 Dec. Apr. 9% Sept. 5 June % Apr. 35 Sept. 92 Sept. 6% Sept. 72 Sept. 7% Sept. 14% Sept. 1% Apr. Apr. Apr. Aug. Apr. Dec. 48 Apr. 74 Apr. % Apr. 2% Aug. 17% Aug. 11% Sept. 120% June 15 Aug. Sale Sale 44 Sale Sale Sale 21 30 20 1 3 Sept. 13 7% Nov. 13 Nov. 13 25 15% Sept. 27 m Mar. 14 Mar. 10 34 Oct. 10 52 21% Sept. 15 June 132 156% 33% 7% 11% 4% 19% 8% 9 July 29 Nov. 14 Dec. 19 Jan. 5 Jan. 3 29 Dec. Sept. 12 Sept. 11 4 Feb. 14 104 4 14% Jan. Jan. 4 107 13 Jan. 5 Jan. 26 5 2 60% Jan. 4% Sept. 6 Sept. 25 17 44 Dec. Sept. 11 Dec. 12 Dec. 28 Jan. 21 23 8% Dec. 5 6% Dec. 2 41% Dec. 19 45% Dec. 7 84% Dec. 1 % Dec. 6 Dec. 29 47 May 7% Apr. 21 Apr. 13% Sept. 19 2 4 3 11% 1% 5% 25% Dec. 11 Dec. 13 Dec. 6 Dec. 6 6% Dec. 38 Dec. 41% Dec. 82 Dec. % Dec. J an. July 36 3% 13% 33% 28% 21% Jan. Aug. Dec. 13 Dec. 27 Sale 5 May 25 7% Apr. July 16% Apr. 40% Jan. 114% Jan. 50 Apr. 30% Apr. Sale 2 Sept. 33 24 1 Aug. 26 Sept. 11 Sept. 13 6 Dec. 28 21% Dec. 29 7% Dec. 11 8 14 Nov. 3 Oct. 7 23 4 Dec. Oct. 128 Dec. 29% Dec. Jan. 6 40% Dec. Sale Nov. 10 3 3 Dec. 30 Sale 4 Jan. 36° Sale 1 1 Nov. Mar. 1 Dec. 15 Dec. 20 Dec. 1 27 12 Sept. 100% Sent. 4% Aug. 15% Sept. Sale 3 10 Feb. Aug. 14% Sept. 3 35 June 14 Aug. Aug. June 30 7 17 Sept. 13 Dec. 7 Dec. 11 Nov. 20 6 6 90* 1?* Sept. 26 Sept. 27 Sept. 12 Sept. 13 29 Sept. 1 2% Apr. 10 32% Apr. 1 1 3% Dec. 19% Dec. 29 7% Dec. 16 ■ Sale 7 11 Dec. 1 14% Dec. 7 Dec. 26 7% Sale % Dec. 27 1 Sale 5 44 z40% Dec. 100 6 100 99% Dec. Sale 7% Dec. 21 Mar. 100 23% Dec. 13% Dec. 8 25 Dec. 14 Dec. 31% 21 Dec. 29 Dec. 8% 70 7 8 Dec. Dec. 6% Dec. % ] Mar. Jan. % 1% Mar. 16 8 28 27 23 30 8 21 4 6 12% Dec. 33% Dec. 30 48% Dec. 29 7 Sept. Feb. Sept. Sept. 14 21 27 27 27 25 11 11 Nov. 16 Dec. Dec. 27 Dec. 28 Dec. 30 1 Dec. 1 Dec. 3 Sept. Sept. Sept. Sept. 103% Sept. 8 18% Apr. 11 52% Sept. 7 50 Sept. 6 12 Apr. 11 16% Dec. 12 128 Dec. 147% Dec. 23 149% Dec. 4 28% Dec. 29 Dec. 125 Aug. 21 July 27 June 22 May July Dec. Dec. May June Apr. Dec. 168 4 65% Dec. 5% Dec. 18 7 7 4 12% Dec. 27 24 8 June 29 103 39% Dec. 27 Feb. Dec. 29 1 20 Oct. Sept. Apr. Mar. Apr. Sept. Apr. Apr. Sept. Apr. Dec. 8 JB 1% 4% Apr. Dec. Dec. Sale 84% % % 7 Dec. 6% Dec. 27 Sale 36 33 39 Dec. 14% Dec. Dec. 26 106% Dec. Sale 5% Dec. 20 6% Dec. Sale 16% Dec. 27 18% Dec. Dec. 4 143 147% 138 Dec. Sale 1 Dec. 10% Dec. 25 14% Sale L20% 22% Sale Sale 39 ...... Pfeiffer Brewing Co. 3% 24 14 7 Sale Penn Glass Sand 5 1% Dec. % Dec. 27 11 Sale Penn-Dixie Cement 30 13 Dec. 10 3 12 Dec. 32 105% 8% 11% Dec. 14 ,10% Dec...; 14 —18 % Dec. z5% Dec. 21 55% 93% Dec. 94% 33% Dec. 5 214% Dec. 19 ill % Dec. 12 23 Dec. 13 59 Dec. 13 57% 4 Dec. 26% 6 Dec. 88 Dec. 27 9% Sale 2 27 9 Sale Sale 18 14 1 21 Sale Sale Sale 56% Sale 10 Dec. Dec. 28 Sale Penney (j c) Co 14 19% 22% -.40% 35% 4% Sale Penn Coal & Coke 4 Dec. 51 Sale 9% Dec. 13 Sale Sale Dec. 112 41% Dec. 11 105 6 Sept. 27 Aug. 15 Sept. 11 Jan. Dec. 29 113 33% Dec. 21 38 4% Dec. 26 Sale 4 Feb. Jan. 111 6% 20% 13% 103% 5% 17% 139% 11% 39% 26% 51% 3 Aug. Jan. 18 200 Jan. 8 Dec. 111% 110 22% Sale 21% 56% 57% 56% 56% 23% 87% 8% Mar. 10 7 9 111 Jan. Apr. 1 Sale 10 4 Jan. 10 % Dec. 93% Sale 5 33% July 3% Dec. 27 52% % 1% % 12% 89% 31% Jan. 7 Sale Sale 14 8% Dec. 27 6 72% Dec. 7 9% Dec. ft* Dec. Sale Sale Dec. 28 26 18 Sept. 26 7 3 13 18% Aug. 5 18 117% Jan. Mar. 27 1 114 Oct. 26 11 Feb. 17 13 Jan. 4 1 1 5 8 17 % 30 152 25 132 Oct. 11 14% Apr. 11 6% Apr. 8 52 July 1 5% Aug. 24 83 30 17% Nov. 28 95% May 1 23% Sept. 13 13% Dec. 12 18 * Dec. 26 19 25 42 44% * Dec. Dec. 4% 4% 20% 10% 8% Apr. Sept. Apr. Dec. July ' Jan. Sept. Sept. Apr. Jan. Sept. Sept. Sept. Sept. June Sept. 20 Sale Penick & Ford 4 1!* Nov. 4 Sept. 1 28% Mar. 11 Sept. 13 Jan. 17 Oct. 5 175 28 Sale Patino Mines & Ent Cons Dec. 26% Nov. 17 Sept. 27 Dec. Co 2.50 Parmelee Transportation Co.* Pathe Film Corp * 1% 10% 24% 12% 12% 94% 21% 15 Sale Prices 9% Jan. 20 Dec. Parke Davis & Co Parker Rust Proof 107 Dec. Dec. 6 170 Dec. 8 144% Dec. Dec. 25 27 110 47 Sale 95 100 preferred Paramount Pictures 50 1,817,000 Pennsylvania rr Co * 13,100 People's Drug Stores Inc People's Gas Light & Coke. 100 88,300 9,000 25,600 28,210 39,475 7,800 102,500 45,700 853,300 31,100 4,500 290,500 7 42 26 6% Dec. 106 119 Sale aW Dec. 12 6 132 Sale Sale Sale Sale Dec. Dec. Dec. Dec. Sale 7% 3% 14% Sale 4 Dec. 30 Dec. 1 55 52% Sale % Sale 1% Sale % Sale 128 Sale * Dec. 13% 12 16% 7 116 1 112 27 149 1 16% Dec. 23 28 Dec. 20 Sale Sale Ref 18 Dec. Dec. 5% New Panhandle Prod & Paraffine Cos Inc 17% 14% z8% 12% 20 Dec. Sale 10 8,800 228,300 17,900 1,060 1,461,400 28,600 137,000 6,300 299,300 100,400 59,200 39,800 727,500 159,800 24,400 232,300 35,900 112,400 25,600 17,600 87 5 11 7 "l* 1,404,400 Pan American Airways Corp..5 260,700 Sale 6 4 Dec. Dec. Dec. 7% 21% 147% 10% 110 Sale Pan Amer Pet & Trans Dec. 6 26 Dec. Sale 29 Packard Motor Car 15 5% Sept. 1 Aug. 23 7% Aug. 24 Dec. 120 Sale Sale Pacific Western Oil Dec. Highest 14 7 7% 110% 108 Sale 22 105 7 14 Dec. 42% Sale 6% Dec. 7 Dec. 4 Sale 4% Dec. Dec. Dec. 2 172 Dec. 20 17% Dec. 16 93 Dec. Dec. 160 el i!h II* 6% 24% 16% 13% 22% 83 Sale Sale acifi Pacific Tin Consol Corp Sale in h 120 Sale 2d % 1% 33 8% Sale 26% Sale * Pacific Coast 50 Sale Sale 5 Preferred 12;. 49 sh 18% 19% Sale 2 21% Dec. 27 162 138 Sale Sale Sale 1 110 Sale 110 Sale 1st preferred...* Outboard Marine & Mfg Outlet Co 110 13* 108 23 * Otis Steel 40% 110 7% 8% 109 107% 109 89% 193 100 6% preferred 3% 9% Sale 31 9% 100 35% Sale 89% 4% 32% * Equipment (The) 4 Sale* * (The) Omnibus Corp Preferred a $5.50 57* Sale 50 Preferred 9 73 % 75 Sale New York Air Brake..—-- New York Dock 71% 11 Sale Sale — 170 12% 40% 38% 3% 9% 4%% conv serial pref—100 Newberry co (j.j) * 5% preferred series a 100 Newport Industries Inc —1 New York Central 20% 12 14% Dec. 11% Dec. _____ Sale 100 6% Dec. 21% Dec. 27 !i* Sale * —* 1 Natomas Co Lowest Sale Prices 15% Sale 14% 90% 92% 19% 20 15% Sale 14% Sale 12% Sale 12% Sale 16% Sale 15% Sale 115% 116% 114 Sale 112% 109% Sale 6% Sale 5% 6 6% 6% 5% Sale 24% Sale 22% 14% 12% 13% 10% Sale 11% Sale 10% 97 91% Sale 91% Sale 19% Sale 19% 21 Sale Sale 18 20% 16 % Sale 100 Highest Sale Prices Sale 20 163 25 175 Lowest Sale Prices 17 a92 24 143% 143 26% 26% Sale 8% Co of pa—10 40 National Tea Co— Preferred 165 * 5%% prior preferred 6% prior preferred Preferred 6% Sale 23% 21 160 Light Ask 25 100 13 115 % 110 30 Sale 138 National Steel $2 preferred 15% Sale 27 % Sale 165 168 137 % Sale Nat Mall & Steel Cast Co National Supply 22% 163 Dec. Ask Bid 100 100 7% preferred a... 6% preferred b National Power & 6% 8% 14 % 14 5% pref series a w w 100 National Bond & Share Corp.* National Cash Register * — Bid 24 % Nat Bond & Investment Co__* 229,392 151,700 Pacific Amer Fisheries Inc 540 143",600 Dec. 1 Owens-Illinois Glass Co..12.50 18,880 11,370 21,480 18,800 347,600 106,100 98,600 5,460 2,640 28,800 18,600 52,800 YEAR 1939 1939 Par 831,400 15,810 214,900 228,900 659,700 12,600 30,900 4,000 16,400 296,500 RANGE FOR Jan. 3 N. Y. STOCK EXCHANGE Shares 76,500 1,240 10,700 9,600 65,700 1,900 2,700 PRICES IN DECEMBER Price STOCKS In 12 Months December x9m Feb. 2 Jan. 6% Sept. 5% Apr. 28% Apr. 36 Apr. 75 ilH Feb. 25 July 27 1 11% Mar. 59% Dec. 29 94% Aug. 2 4* Sept. 12 Sept. 15 5, 33 ,Mar. 8 _ 17 124 Dec. 23 Mar. 15 27% Sept. 27 39% July 18 45 Oct. 23 Sept. 27 Sept. Sept. Sept. Sept. Sept. 27 26 26 12 5 Mar. 14 Jan. Sept. 12 Aug. 1 Aug. 3 % July Sept. 11 N. Y. STOCK 38 AGGREGATE SALES 200 200 40 43,700 5,800 2,600 410 7,300 2,400 3,300 500 10 12,400 I,600 130 770 210 2,660 10 3,900 7,300 1,000 7,300 3,700 1,700 53,700 8,000 1,200 21,200 620 • 26,200 2,100 2,000 500 1,220 300 ' "49,600 50,700 1,300 2,800 19,000 700 138,300 300 6,600 28,200 5,500 15,400 6,300 11,500 1,400 800 1,800 130 40 1,300 500 31,500 3,600 20 36,700 140,400 4,400 5,300 5,900 400 130 310 13,300 800 5,100 58,800 Par Preferred 100 1,270 75* 36,400 Pierce Oil 8% conv pref 100 245* -25 26,500 Pillsbury Flour Mills 40 2,120 Pirelli Oo of Italy Am shares 5 -100 63,900 Pittsburgh Coal (of Pa) 20 6 % preferred 21,700 100 7** 56,400 Pitts Coke & Iron Corp 60 $5 conv preferred 2,430 * Pitts Ft Wayne & Chicago— 166 1,440 7% guaranteed pref 100 85* * 329,400 Pittsburgh Screw & Bolt * 51,600 Pittsburgh Steel Oo li* 37 4,820 7% preferred class B 100 5% preferred class A 100 24 7,870 34 5 ** % 1st ser conv pr pf. -100 3,730 155* 100 60,330 Pittsb & West Virginia 30 Pitts Y & Ash Ry Co 7% pf-100 111,700 Pittston Co (The) ♦ 105,200 Plymouth Oil —5 16,800 Pond Creek Pocahontas Co._* * 199,900 Poor & Co class B 24,000 {Porto Rican Amer Tob cl A_ * Class B * 18,100 1 710,300 Pressed Steel Car common 5% conv 1st preferred-5 34,700 5% conv 2d preferred 18,800 50 251,100 Procter & Gamble.Preferred 5% 100 16,530 397,000 Pub Serv Corp of N J com.—* $5 preferred —* 35,300 19,900 6% preferred 100 100 12,000 7% preferred 8% preferred--.100 9,780 Public Service Elec & Gas— $5 preferred--* 5,900 ""669,400 Pullman Ob: —_•* 806,000 Pure Oil. 6% preferred 9,600 5 % conv preferred 52,900 -100 * 422,810 Purity Bakeries Quaker State Oil Rfg Corp--10 9,300 * 2,026,300 Radio Corp of America $5 preferred B 400 ♦ S3.50 conv 1st pref * 90,200 286,300 {Radio-Keith-Orpheum Corp.* * 37,700 Ray best os-Manhattan 1 109,d00 Rayonier Inc $2 preferred--25 35,600 50 116,400 Reading Co 1st preferred 50 19,500 2d preferred 50 18,900 5 16,400 Real Silk Hosiery Preferred 100 810 9,180 Reis (Robt) & Co 1st pref. _100 * 11,700 Reliable Stores Corp 5,700 Reliance Mfg Co 10 338,100 Remington-Rand. Preferred w w 25 13,600 1,740 Rensselaer & Sara RR Co-.100 - - - - — - - . — - - .... 594,800 tReo Motor Car 3,282,600 Republic Steel Corp 6% conv preferred 21,900 6 % conv prior pf ser A 41,000 170,400 Revere Copper & Brass, a Class A 5,570 7% preferred 3,880 5 *4 % preferred 2,860 118,700 Reynolds Metals Co 5**% conv preferred 6,200 107,500 Reynolds Spring Co 434,300 Reynolds (R J) Tob cl B . 100 320 3,080 2,100 II,000 600 470 230 5** 5 Sale 22 Sale 8** 69** Sale Sale 8*4 67 169 48** 41 Sale 36** Sale Sale 105* 95* Sale 2** 5* m 26 13** 205* 12 13** 11** Sale ** Sale Sale llH 37 63** Sale Sale 15** Sale Sale 37 Y) ~~~y* 20 *1 Sale 125* 12 ** 14^ 145* 425* 66 118** 385* Sale 111** 110** 111 123 123** 125 135 152 140 159 142 Sale 120 116 1175* 141 16Q** 118 S ale ' Jky* 79 Sale Sale 85 775* 145* Sale " 89 Sale Sale 29 25** Dec. 13 38** Dec. 18 2** Dec. 15 . 13 11 Dec. 12 35* Dec. 11 20 J* Dec. 20 173 7** 10** 35** 17** 28** 13*1 20 116 'SOM'Dec 75* Dec 77** Dec Dec 100 100** Sale Sale Dec Dec Dec Dec Dec Dec Dec Dec Sale 16 Sale Sale Sale 26 Sale Sale 26 16 Sale Sale 14** Dec Sale 25 Sale 20** Dec 25* Dec 40 Dec Sale Sale ^ z60** 15* 19** Sale Sale Sale 51** 10** 10** 12 Sale 78 69** IS3 4*5* *9*4 11** 105* 56 73 Sale Sale Sale Sale Sale 26** 23** 45* 50 14** 9** 12 3** 42 165* Sale Ay Sale Sale 57 Sale 79 69 13 Dec Dec Dec 68 Sale Sale 22 89 76 Sale Sale 185 Sale Sale 71 30 83 h 53 Sale 27 81 90 Sale 80 31 Sale Sale Sale 85* Sale 9** 75* 11** Sale Sale 20 11 1** Sale a Sale Sale 9 Sale 82** Sale Sale Sale Sale Sale Sale Sale 48** 113** 2** Sale A^ Sale 40*1 5l J* ioi** 75 Sale 50 Sale 74 5*1 46** 114 100 .—5 Sale * Sale 10 Sale Sale Sale Simms Petroleum Simonds Saw & Steel Oo ——25 -100 96 ** Sale Sloss-Sheffield Steel & Iron. 100 103 * 10 * Snider Packing * Socony Vacuum Oil Co Inc.-15 — Sale Smith (A O) Corp Smith & Corona Typewr South Amer Gold & Plat Sale Sale Sale Sale 1 _ 1** Sale a S* Sale 25* 6** 183 Sale 55 Sale 75* 125* Sale a W Sale Sale Sale 25* Sale Sale Sale 115 21 Sale 72 Sale Sale A# Sale Sale 15* Sale Ay* Sale Sale 114 Sale Ay Sale Sale Sale Sale Sale 50** 55 Sale Sale 525* Sale 365* P 107 6** 19 Sale Sale Sale Sale Sale 7 Sale 98 109 112 17 52** Sale 23** Sale 2 J* 2** 21** 225* 1135* 113 175* 5 16 30 6 5 6 23 4 8 7 12 Dec.' 1 8** Dec. 30 5 115* Dec. 1 37** Dec. 158 1 142 Aug. Apr. Sept. Apr. Aug. Aug. May Aug. Sept. Apr. 28 1 14 24 5 1 24 1 IV 22 29 27 5 1 1 Sale Sale 2** Sale Sale 14 11 11 14 14 Dec. 21 Dec. 26 1 Dec. 45* Dec. 27 1 45** Dec. Dec. 12 ** Dec. 6 6 1 Dec. 175* 15* 79** 145* Dec. 27 Dec. 20 1 Dec. 1 Dec. 13 51 Dec. 27 Dec. 27 45* Dec. 27 49 Dec. 18 6** Dec. 27 35 12 Dec. 27 6 Dec. 104** Dec. 6 21** 2** 21** 18** 6 Dec. 27 Dec. 27 Dec. 11 4 Dec. Dec. 13 Dec. 19 99** 96 112** 1095* Dec. 11 Sale Ill Dec» 26 Sale 155* Dec. 28 9 Dec. 19 105* 95* 20*1 Sale 19 Sale Sale SB 11** Dec. 12 Sale Sale Sale 7 Dec. 145* Dec. 21 25** ISale 138 Sale Dec. 18 2 24** Dec. 138 Dec. ** 17** 6** 7** a 21 14 26 20 30 2 22 12 18 27 29 June 28 4 6 iV 8 2 44 15 Dec. Dec. - Dec. Dec. Dec. Dec. Dec. Dec. Dec.. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 18 26 16 24 1 10 22 4 29 28 8 5 6 22 Apr. 8 11 11 11 May 2 Sept. 16 Sept. 1 Apr. 8 Apr. 11 June 27 Aug. 12 May 3 May 6 Apr. 11 Jan. 4 Jan. 3 1 ** Aug. 14 8 Apr. 15** Aug. 24 June 27 60 J* Apr. 10 115* Apr. 11 10** Apr. 11 June 6 6** Dec. 27 28 2 14 27 6 6 Dec. Sept. Sept. 17 Sept, 16** Sept. 2** Jan. Jan. 95* 98** 45* 17** 2** 16** 15** Aug. Aug. Apr. Apr. Dec. Apr. Aug. Apr. Apr. 92 70 101 Jan. 115* Apr. 9 12** 10*4 1*4 13 14 127 Dec. 12 11 11 22 22 6 17 27 22 27 Dec. 30 5* Jan. 16** Sept. 1654 Sept. 49 Sept. 415* Aug. 1145* Aug. 128** Aug. 143 Aug. 27 3 7 2 1 June 29 166 415* 115* 90** 81** 18** Sept. 27 Sept. 5 Mar. 29 Jan. 3 July 17 16 Nov. 3 8** 85** 675* 25* 233* Jan. June Jan. Jan. 4 1 5 5 19 Dec. 30 Sept.22 285* Dec. 13 225* Sept. 27 285* Oct. 14 27 Sept. 27 5** Sept. 27 54 Mar. 20 16** Oct. 27 10 Nov. 22 14** Sept. 27 17** Jan. 5 75** Mar. 15 75 Nov. 14 25* 28** 955* 8954 20*4 40** Nov. 84 Sept.16 Sept. 6 H* 5 24 24 11 10 11 11 Dec. 15 Oct. 25 Jan. Jan. 5 5 4 Dec. 29 5 Jan. 115* Jan. Jan. Jan. 45 58 4 7 7 10** Jan. 95* Oct. 23 17*1 Sept. 6 Jan. Nov. 4 4 Sept. 5 Sept. 13 2 Jan. 3 6 Sept. 14 6** Sept. 11 5154 Nov. 20 109 Aug. 3 Oct. 21 113 7 22 9 3 20 25 31 29 Sept.13 1 3** 245* 3** 855* 1SH Sept.27 Sept. 12 Jan. Nov. Jan. 2154 Jan. 72 , 6 8 10 5 Sept. 14 Sept.11 Oct. 30 1154 Feb. 24 38*1 Aug. 29 17*4 Sept. 9 107 V Nov. 20 85 Sept. 11 sln 32 3 28 29 10 8 98 11 127 18 112 11 21 19 4 Sept.12 11 116** June Apr. 11 23 Sept. Aug. 24 .175* Mar. Sept. 9 76J* Aug. Jan. Apr. 10 Apr. 10 10** Jan. Sept. 15 52** July Sept. 8 117*4 May 43 19 Oct. Oct. Sept. 15 Sept. 27 Jan. Dec. 27 8 35* May 29 21 14 9 14 13 1 5 Sept. 12 Sept. 12 24 87 51 Dec. 26 Aug. 115* 16** 48** 25** 40** 205* 56 Apr. 11 Dec, 28 Dec. 1 7 175 21 11 Apr. 10 Sept. 21 July 25 Dec. Dec. 30 1 Dec. Dec. 30 Dec. 27 Dec." 6 Dec. 19 Dec. 4 Dec. 6 Dec. 1 Dec. 7 11 12 June 30 Jan. 4 Dec. 7 10 Apr. Apr. July Aug. July 273 1 4 2 14 30 13 8 Mar. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 5 July Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 24 12 Dec. 22 7 14 15 7 7 8 15 11 7 29 1 4 1 6 11 19 Dec. Sept. 11 Sept.23 Sept. 12 32** Sept. 27 14** Sept. 11 95 Sept. 11 51 2- 4 7 Apr. 1 6** Apr. 8 9 Apr. 4 95* Dec. 20 50 Dec. 28 60 Apr. 11 Dec. Dec. 68 Sept. 22 Sept. 27 Mar. 15 Oct. 31 66 Mar. 15 1195* Feb. 31** Apr. . 8 101** Sept. 28 112 Sept. 7 129 Apr. 25 147 Sept. 21 40 95* Dec. Dec. 12 11 59 46** 35* 45** 95* 31** 25 149 10 505* Apr. 14 112 illl'M-Jhec....12. £22** Aug. <J45* Dec. 18 85* Dec. 6** Aug. 5 86** Dec. 70 Sept. 27 79 Dec. 635* Aug. 27 15 Dec. 105* Jan. 30 15 Dec. 11 Aug. 21 6 Dec. 5 Aug. 11 85** June 85** Dec. 6 605* Dec. 53** Apr. 22 1 ** Dec. 15* Dec. 18 21 Dec. 16 ** Apr. 1 19 Dec. 65* June 1 12** June 285* Dec. 26 175* Dec. 10** Apr. 30 26 Dec. 205* Sept. 27 24** Dec. 16 July 22 3** Dec. 25* Dec. 455* Dec. 12 100** Dec. 21 112 Sept\ 20 Aug. 23 10 22 Apr. 4 12** Aug. 24 rApr. Sept. 8 Dec. Dec. 30 Dec. Dec. Dec. Apr. 27 6 39** Dec. 13 ** Dec. 13 ** Dec. 22 5 Mar. 31 50 155* Dec. 11 12 149 Dec. 12 27 1 Dec. 1 15 205* Dec. 20 13 14** Dec. 18 4 Dec. 7 8 Dec. 21 17** Dec. 27 2 iV 6 19 4 65* Dec. 27 365* Dec. 20 52 Dec. 23 7** Dec. 27 6** Dec. 22 11*1 Dec. 1 Dec, Aug. 22 Apr. 18 35** Mar. 27 Apr. 8 Apr. 6 18 Dec. 27 Dec. 21 1 3 7 8 Dec. Dec. 13 Dec. Jan. 36 23 20 Dec 28 Dec. 19 Dec. 31** Apr. 10 2 Aug. 11 28 Dec. 18 10 Sale 137 7 14 Dec. 11 51** Dec. 28 85* Dec. 21 Sale Sale 79** Sale 145* Sale 5 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 24 Dec. 95* Dec. Dec. 72 27** 415* 25* 43** 85* 27** 48** 55* 19 1 173 27 29 Dec 15* Dec. Sale Sale 15** .5 100 1323 Sale Sale Sale Sale lis Sale Sale Sale 112 in 114 114** 21 19 13 J* Sale Sale Sale GreyhoundJL. 82** 1 13** Dec. 27 145* Sale 39 56 Sale preferred Dec 75* 115* 95* 50 15* Sale 22** Sale Sale * * * ♦ _* * Dec 85 14 Sale $5 conv preferred Sharp & Dohme Conv preferred series A Shattuck (Frank G) Sheaffer (W A) Pen Co Shell Union Oil Dec Sale Sale —* * Dec. 149 Sale Sale 75 Sale ; Dec. Dec. Dec. Dec. Dec. Dec. Dec. Sale Sale * Dec. 22 8 69** Dec. 145* 5** 85** 59** 1** 185* 155* 100 1 75* Dec. 25** Dec. 46 Sale 8 * Dec. 42 16 Sale 13 Sale 91** Dec. 7 135** Dec. 4** Dec. 15* 325* Sale" Sale 4 Dec. 4 Highest Sale Prices 74 Sept. 2 103** Mar. 3 Mar. 1 124 Sept. 21 154 Jan. 7 4 25* July 6 25 July 27 Apr. 20 35 Sale Prices 12V Sale Sale 87** Dec. 135** Dec. 5* Dec. Dec. Sale 12** Dec. Sale "105* Dec. Sale 5* Dec. 1 Dec. ** Dec. 5* 1 Sale Dec. 11** Dec. Sale 12** Dec. .4 145* Dec. 5 43** Dec. 43** 37** Dec. 4 Sale Dec. 66 63** Dec. Sale 116** Dec. 21 1185* Dec. 4 Sale 385* Dec, 405* Dec. 4 112 Dec. Dec. 112** 111 2 125** Dec. 125** 123** Dec. 141 Dec. 11 142** Dec. 143 6 162** Dec. 162 1585* Dec. Sale 100 1 .10 Sharon Steel Corp 40. 72 171 8** Sale 54 Sale Servel Inc 8% preferred 70 118 51 J* * South Porto Rico Sugar Sale 23** Sale 8 85* Sale • Seagrave Corp (The) Sears, Roebuck & Co For footnotes see page 12** 72** Seaboard Oil Co of Del Southeastern Sale 80 Sale St preferred 49** 146 Sale" Sale {Roan Antelope Cop Mines $6 Sale 30 Sale * Ruberoid Co capital stock. Skelly Oil Co 6 % preferred 25* 44 Sale Sale Sale 1155* Sale 18 Sale Sale 30 IV _10 Silver Bang Coalition Simmons Co 5 4** 29 Sale 145* 46 Sale 140 20 34 Sale 11** Sale 35* 255* 41** 2** 43** TVs, 265* 12 Sale 142 Sale* 136 Sale 173 Sale Sale 9** „ 84 100 Common- Conv Sale 82** {Rutland RR preferred--—100 Joseph Lead 10 {St Louis-San Francisco 100 6% preferred 100 {St Louis Southwestern 100 120 5% preferred 100 1,900 1,500 6,200 191,300 11,400 3,700 13,100 500 Sale 7% 26** 44 8 88 55 100 730 3 Sale 40 {Seaboard Air Line 4-2% preferred 14,300 2,100 8,600 14,400 Sale 42 10 . 368,400 54,100 134,800 11,600 759,500 340,500 79,400 4,800 221,700 13,900 147,700 4,650 245,800 25,100 114,900 294,100 21,300 20,700 122,200 7,100 7,330 5,640 42,600 20,800 127,500 1,688,200 343,600 15,300 226,600 500 395* 25* 100 * 100 100 100 * 5 100 1 100 * * 66,100 27,400 4,900 1,100 12,700 1,600 20,000 ... 28 Safeway Stores 5% preferred 6% preferred7% preferred Savage Arms Corp Schenley Distillers Corp 5** % preferred {Schulte Retail Stores 8 % preferred 1 Scott Paper $4.50 conv preferred 121,800 18,300 8,300 26 25 Sale -5 645,900 10,840 13,000 6,700 47,200 279,200 29,000 310,800 63,700 46,800 2,390 110 45* 27** Highest Sale Prices 72 Sale 100 . * 18,600 1,300 6,100 11,000 1,700 18,000 13,300 10,000 1,700 23,000 2,300 24,300 1,700 8,900 136 45* Ask Lowest Lowest Sale Prices 30 Sale Richfield Oil Corp.. Ritter Dental Mfg 580 360 87** 127 Ask Bid Sale 91 44 ** Sale 5 990 22,600 3,530 Sale Bid , 592,900 11,900 32,400 54,600 24,900 214,400 62,000 67,100 1,490 60 Ask ........ 130 270 Dec, Dec. 1 Bid 36 . YEAR 1939 J 1939 94 ** Sale 10 240,900 Philip Morris & Oo 5% conv pref series A-—100 142** Sale 7,000 Sale 6 * 13,900 Phillips Jones Corp 50 30** Preferred -.100 380 435* Sale * 556,900 Phillips Petroleum 3** 25* -5 5,400 Phoenix Hosiery 14,500 900 100 N. Y. STOCK EXCHANGE RANGE FOR DECEMBER Jan. 3 Shares Shares PRICES Ili Price STOCKS In 12 Months December 1939 EXCHANGE—STOCKS Jan. 4 June 24 Oct. Jan. 23 5 Nov. 20 Sept. 11 Dec. 14 Sept. 12 17*4 Mar. 11 .8 24 Apr. Aug. 24 15** Sept. 1 3*4 Sept. 5 185* Apr. 11 355* Apr. 17 143 Sept. 9 Sept. 13 Sept. 11 July 18 Sept. 8 Dec. 27 3!) EXCHANGE—STOCKS N. Y. STOCK Jan., 1940] AGGREGATE SALES In December Shares 14,500 90,900 60,000 43,600 800 10,500 200 1939 N. Y. STOCK Par 238,900 Southern California Edison. .25 Southern Pacific Co 100 ~2~666 14,300 47,100 12,500 1,187,200 -* Southern Railway 5% preferred— Mobile & 100 Ohio certifs___100 Sparks Withington Spear & Co 1 85.50 pref * * Spencer Kellogg & Sons Sperry Corp (The) v t c 1 Spicer Mfg Co * $3 conv preferred a * Spiegel Co Inc — -2 Convertible $4.50 preferred * Square d Co class b 1 Standard Brands * 27,700 2,320 17,700 200,300 1,100 14,700 16,800 2,400 11,600 182,000 8,280 962,500 25,590 99,200 1,220,100 27,900 $4.50 preferred 166,300 Standard Gas & Electric..,— 339,400 $4 preferred 35,300 $6 prior preferred 260,800 7 prior preferred 103,000 74,200 115,900 2,600 8,400 11,300 4,600 32,800 65,800 4,100 1,110 14,700 7,000 12,800 2,400 2,000 4,800 20,600 7,100 697,700 666,400 1,225,900 24,700 104,600 278,900 103,200 1,193,600 1,115,600 67,800 6,970 347,500 82,100 300,200 70,600 29,900 8,900 281,500 153,900 ,7100 5,100 2,200 150 3,800 8,400 84,600 8,900 25,200 18,700 19,400 2,900 3,400 1,000 1,600 280 9,100 150 6,700 2,600 8,000 12,100 4,700 42,500 1,800 47,800 15,900 21,200 52,800 1,400 36,700 600 5,900 100 57,400 3,500 2,800 200 5,400 11,900 12,500 73,200 39,400 130 18,000 13,700 2,900 5,400 83,400 186,700 6,900 110 5,500 1,300 139,300 28,200 23.900 3,900 300 7,500 4,600 20,200 65,600 900 8,600 5,000 11,800 1,200 350 5,200 16,200 230 3,500 300 9,100 4,100 5,500 1,000 12,700 1,000 32,400 128,800 19,800 6,200 1,000 Dec. 1 nr. 100 6% preferred- 10 Co Superheater Co (The) Superior Oil Superior Steel Sutherland Paper Co 100 -..-a 10 (The)---60 ,„_™«25l Sweets Co of Amer Swift International Ltd.—---Symington-Gould Corp with 5 Telautograph Corp. Tennessee Texas —-5 Corp. Corp (Tne) Texas Gulf Producing Texas Co Gulf Sulphur.... 25 * -* Oil 10 Texas Pacific Land Trust—-Texas & Pacific ...100 Thatcher Manufacturing * $3.60 conv preferred * 4,900 -* 12,700 The Fair Co 3,850 7% preferred ..100 -1 165,700 Thermoid Co $3 dividend conv pref....10 10,530 100 60,600 Third Avenue 24,500 Thompson ( jsr) 25 * 175,700 Thompson Products * 106,300 Thompson Starrest Preferred ...i * 27,600 404,200 TidetWater Associated Oil--10 Texas Pacific Coal & _ 22,300 336,100 176,500 342,300 370,000 36,700 311,500 6,300 83,400 12,100 456,300 48,000 25,400 6,030 _ _.*4.5c\ conv preferred— — * TimkenXDetroit Axle Co 10 * Timken Roller Bear Transamerica Corp... Transc & West Air Inc Tran & Williams Steel Tri-Continental Corp -.2 5 Forg—* --* * 6% preferred Truax Traer Coal. Steel Co Truscon 20th Century -* 10 Fox Film Corp.* $1.50 preferred Twin City Rapid Preferred 14 34 Sale 37 Sale 7 60 8 7034 20 34 1834 4234 Sale 30 Sale 4534 Sale Sale * Transit....* 223,900 Twin Coach Co... 100 1 83,400 ulen & Co --* 83,200 Underwood Elliott Fisher—* 508,900'Union Bag & Paper 689,600"Union Carbide & Carbon * 2,250'Union Elec Co of Mo $5 pref..* 174.600,Union Oil, California 25 177,000 Union Pacific 100 100 4% pr preferred. 48,500 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale 27 Sale Sale 16 21 47 153* 2934 3134 234 41 Sale Sale 3334 334 Sale 7 h sh Lowest Sale Prices 30 Ask 2734 1434 1834 1434 18 A 32 A 36 34 Sale Sale 3434 3634 Sale 2 2 Sale 7. 65 21 Dec. Dec. 30 Dec. 7 12 2934 1534 2034 3534 30 40 4 Dec. 27 Dec. 1 Dec. Dec. Dec. 23 94 234 Dec. 634 Dec. 1734 Dec. 10 1834 Dec. 19 22 2434 Dec. 20 2434 Dec. 13 4234 Dec. 14 2534 Dec. Sale 5134 Dec. 60 Sale 31 3334 Sale 10 34 Dec. 27 57 A Dec. 27 2 30 a Dec. 5 A Dec. 12 Sale Sale 17 Sale Sale 10134 10334 234 Sale 634 Sale 1634 1634 Sale 20 Sale 2134 Sale 28 A 28 A Sale Sale 24 34 Sale Sale 2534 2634 Sale 2634 Sale 53 A 33 A Sale 4434 Sale Sale Sale 31 Sale W* 33 71A Sale 12A Sale 76 Sale 80 Sale 834 Sale Sale Sale 5 Sale 834 434 1134 934 5734 i?k Sale 1134 Sale 834 58 Sale elh Sale 120 A 121j4 11 % Sale 120 934 2534 234 1534 2734 634 3834 Sale 3% Sale 2034 Sale 30 Sale 1034 1234 y*. Sale 27 a Sale 10 34 4 2 6a 39 58 A 1534 Dec. . 634 434 3434 Sale 5 634 Dec. 27 Sale .3434 Sale 334 3234 Sale Sale 834 634 Sale 18 Sale 3034 32 3 4 Sale Sale 234 Sale 1434 Sale 1034 Sale 5334 «iV* 28 234 Sale 3634 Sale 29 3 434 Sale 3034 Sale 234 Sale 1734 Sale 1034 Sale 92 Sale 90 Sale 2034 4734 Sale 2334 Sale 5034 Sale Sale 634 1034 734 234 7034 534 Sale 3 a Sale 9734 Sale 12 1334 2634 Sale 87 434 834 13 4834 Sale Sale Sale Sale 78 34 Sale Sale 6 1234 734 234 7334 434 9 10 Sale Sale Sale 78 Sale 1034 Sale Sale 12 3434 3534 24 34 Sale 2434 334 334 234 Sale Sale Sale 2434 Sale 1034 Sale 28 Sale 26 1034 Sale 1034 Sale 25 434 Sale 6534 Sale 1134 Sale 134 4534 Sale 3834 Sale 1034 Sale 13 Sale 90 86 8634 Sale 11634 11334 114 Sale 115 1834 Sale Sale Sale 23 134 y o Sale Sale 1634 Sale 1634 Sale Sale 9434 Sale 9834 8534 2234 8634 23 88 13 Dec. 21 Dec. 5 7 534 Dec. 1234 Dec. 14 934 Dec. 21 if7" Dec. 5 Dec. 27 Dec. 9 Dec. 7 Dec. 13 Dec. 23 2934 Dec,'29 734 Dec, 27 2234 Dec. 29 3234 Dec. 18 934 Dec. 7 Dec. 28 1 434 Dec. 30 11 334 9 6 334 Dec. Sale 50 2634 Dec. 4534 Dec. Dec. 34 80 Dec. Dec. Dec. Dec. Dec. Dec. 4 7 Dec. 13 £4534 Dec. 18 4 Dec. 28 34 Dec. 2 Dec. 7 14 2 Dec. 27 1534 Dec. 22 48 Dec. 15 334 3034 434 2834 234 4 29 2 1 7 634 Dec. 30 1334 Dec. 13 1 1934 Dec. 5134 Dec. 11 4 Dec. 9 35 Dec. Dec. 6 8 Dec. 29 2934 Dec. 5 Dec. 28 334 Dec. 13 5 434 Dec. 3134 Dec. 13 7 234 Dec. 7 1834 Dec. 1034 Dec. 30 Dec. Dec. 1 1 Dec. 29 1 Dec. 12 8834 Dec. 27 1 2034 Dec. 4 4734 Dec. 534 Dec. 19 1 1034 Dec. 7 Dec. 28 234 Dec. 26 7634 Dec. 27 434 Dec. 20 10 7 Dec, 27 Dec. 19 Dec. 26 1434 Dec. 10 9 Dec. 5 . 92 Dec. 25 51 Dec. 13 Dec. 15 634 1234 834 234 2 Dec. Dec. 29 7 Dec. 7 Dec. 78 Dec. 13 534 Dec. 1 6 6 10 Dec. 1134 Dec. 19 2134 Dec. 13 234 Dec. 27 13 Dec. 25 Dec. 28 24 Dec. 27 1034 Dec. 18 34 3834 1034 8434 113 Dec. 16 Dec. 26 Dec. 1 1 234 Dec. ZO Y4. Dec. 2634 1134 Dec. 7 134 Dec. 4 8 4534 Dec. 1334 Dec. 21 Dec. 12fl 8834 Dec. 28 4 Dec. 27 115 Dec. _ 1534 Dec. 19 1634 Dec. 5 Dec. 21 99 Dec. 5 87 Dec. 27 Dec. 5 * 5 Sale 43 Sale 2234 4634 Sale 43 Dec. United Air Lines Transport..5 Sale 13 Sale 16 Sale 13 Dec. 4734 Dec. 28 1634 Dec. 29 United Biscuit of American—* Preferred 100 490 * 62,200 United Carbon Sale 16 Sale Dec. 28 1634 Dec. 2 119 Sale 117 Dec. 1 72,900 1,497,400 1,107,000 52,400 Union Tank Car United Aircraft Corp 15,900 United-Carr Fastener Corp—* * 1,461,200 United Corp 390,000 323,900 33,100 3,210 172,900 33,000 286,300 897,800 11,500 Dyewood Sale 5 10 Co Sale 5 cV* 5 Sale Sale * Sale 115 Preferred * 253*300'United Merch & Mfrs Inc vtc.l 79 600 United Paper board Co 10 , 98,900 8,900 17,540 75,140 181,600 2,580 36,600 2,500 144,000 87,100 137,500 3,300 211,700 4,900 358,500 3,563,900 302,400 69,300 18,800 u s & Foreign Secur u Corp—* $6 1st preferred * s Distributing Corp pref. 100 u s Freight u s Gypsum Co 7% preferred 234 3834 * 20 100 u s Hoffman Mach— 5 5 34 % conv preferred u s Industrial Alchol 50 5 Sale —* United Fruit. 18 Sale 100 Preferred- United Electric Coal Cos United Eng & Foundry United Gas Impt Sale * Preferred. United Drug Inc United 6134 1734 Sale Sale 1034 Sale 85 634 il!* 89 634 Sale Sale 173 734 Sale 35 3134 . 5 "55 A 5 32 83 1434 11634 1034 534 1534 1434 1534 Sale 116 11434 117 Sale 59 6034 Sale 18 1834 1734 1934 Sale 234 234 Sale Sale 3934 Sale 3734 Sale 434 434 Sale 434 534 434 Sale Sale 59 5434 5834 Sale Sale 5 434 Sale Sale 33 3234 Sale 8234 8534 Sale Sale 1434 Sale 1434 Sale 115 11634 116 Sale 1034 1034 Sale Sale Sale 5 434 634 Sale 80 934 934 83 82 10 Sale Sale Sale 29 31 Sale 30 1134 6634 3634 3334 * 23 Sale * 5 Sale * Sale 10 Sale 100 20 10 * 70 Sale 61 65 36 Sale u s Playing Card. tu s Realty & Impt u s Rubber 8% 1st preferred u s Smelt Ref & Mining Preferred For footnotes see page 40. 10 100 50 ,.50 61 6234 Sale 6634 175 2334 634 634 3234 534 Sale 5234 Sale 10134 Sale 8334 5 Class a 47 H 734 1034 Sale u s Leather Prior preferred u s Pipe & Foundry 634 Sale 80 8134 16934 21 23 3334 134 Sale 3834 Sale 11034 Sale 62 34 Sale 6734 69 134 4034 11234 61 6834 834 Sale Sale 181 Sale 31 Sale 634 Sale Sale Sale 34 Sale Sale Sale Sale 70 Dec. 23 5 117 Dec. 22 7 6234 Dec. 9 £1834 Dec. 4 Dec. 2 34 Dec. 7 1 Dec. Dec. 19 3934 Dec. 14 8 Dec. 534 Dec. 26 6 Dec. 27 534 Dec. 8 60 Dec. 21 Dec. 1 Dec. 22 534 Dec. 1 Dec. 3434 Dec. 16 6 Dec. 8534 Dec. 18 4 Dec. 1434 Dec. 21 Dec. 22 117 9 Dec. Dec. 27 I* Dec. 1 1134 Dec. 534 Dec. 14 7 Apr. 2034 Mar. Aug. 734 Apr. 14 A Sept. 11234 Mar. 52 Apr. 1334 Apr. 2 Apr. 3034 Apr. 434 Aug. 434 Dec. 5434 Dec. 3 34 Apr. 2534 Apr. 6234 Apr. 11 Apr. 110 Sept. 634 Apr. 334 Aug. 31 81 Dec. 7 75 June Dec. 22 9 Dec. 9 5 Mar. 734 Dec. 20 934 Dec. 21 1034 4 z7834 Dec. 8834 169 Dec. 7 173 34 4 34 Dec. 18 5 29 21 Dec. Dec. Dec. Dec. 60 Dec. 3534 Dec. 6 10 11 1 2 1 5 18 3234 Dec. 21 134 Dec. 27 9 Dec. Dec. 20 Dec. 28 1 Dec. 30 Dec. 26 2434 Dec. 26 7 Dec. 7 1134 Dec. 13 6634 Dec. 30. 6 3734 Dec. 34 Dec. 28 2 134 Dec. 1 3734 Dec. 4234 Dec. 15 £105. Dec. 7 11234 Dec. 30 58 Dec. 27 6734 Dec. 8 6834 Dec. 28 70 Dec. 22 13 2 i 11 22 1 24 28 -1 15 10 3 10 1134 Dec. 19 Sept. 9 Apr. 8 Apr. 11 Apr. 11 78 534 Mar. 534 Aug. 6534 Sept. 14934 Sept. 4 Apr. 23 Apr. 1334 Apr. 334 July 534 Aug. 46 Apr. 3234 Sept. 3134 Oct. 34 Dec. 3134 Apr. 8634 Apr. 48 July 60 Jan. Dec. 5 1634 Mar. 7534 Mar. 3434 Dec. 9 3 8 7 26 13 13 14 14 Dec. 21 Jan. 5 Sept. 5 Jan. 5 Oct. 23 Jan. 1234 934 734 4334 Sept. Sept. Mar. July 27 27 11 21 634 934 5034 534 3834 1134 Mar. Sept. Sept. Jan. Sept. Sept. 11 12 12 3 13 11 9 Jan. 6 2234 Jan. 4 26 24 61 Oct. Oct. 27 534 Oct. 26 Oct. 30 41 6 Nov. 1 33 Nov. 27 334 434 4% 3334 334 1834 1434 Oct. 3 Nov. 2 Nov. Jan. 4 Dec. 7 Mar. 10 25 Feb. Dec. 5434 83& 1234 1034 434 Jan. 3 Sept. 13 Dec. 29 Jan. 4 Sept. 5 88 Jan. 734 1434 2634 34 34 334 3534 1234 Sept. 11 Sept. 8 Jan. 4 Jan. 5 Aug. 1 Aug. 3 Jan. 4 96 434 Jan. 66 Jan. 9 13 9 4 3 13h Dec. 21 9434 Sept. 14 118 July 14 1934 Jan. 5 105 Sept. 27 90 July 27 2434 Sept. 21 51 Nov. 4 1634 Dec. 29 1834 July 18 11934 June 16 18* 38^ Oct. 25 Mar. 13 Feb. 6 Aug. 3 734 Mar. 10 7I* Jan. 5 Feb. 11 834 Sept. 11 3534 Sept. 27 95 Sept. 11 15 Nov. 24 11734 June 23 14 Sept. 12 734 Sept. 25 11 Jan. 4 8734 Mar. 8 1734 Sept. 11 14 Sept. 27 113 180 734 3534 2934 1034 1534 Jan. 4 Mar. 6 July July Sept. Sept. Sept. 24 24 12 13 13 67 Oct. 49 Mar. 13 3734 July 4 7 Mar. 10 5234 Jan. 3 11434 Nov. 14 6834 Sept £70 , 4 12834 June 17 1134 July 6 3834 Jan. 3 334 Sept. 5 2234 Jan. 4 3034 Mar. 14 10 34 -Jan.*— 2534 Sept. 5 3734 Sept. 5 Mar. 31 34 Dec. 3434 Sept. 6 Aug. 6534 Apr. 10834 Sept. 1534 Aug. 8134 Apr. 19 Sept. 11 Dec. 22 66 Dec. 27 Apr. Apr. Apr. Dec. 1234 734 1734 10 m 83** % 5 Sept.30 80 Sept. 2 234 Apr. 10 14 Apr. 8 134 Jan. 17 Sept. 16 17 Apr. 10 July 7 Apr. 10 Aug. 21 Sept. 1 1034 Apr. 10 3434 Apr. 11 Sept. 1 634 Apr. 10 Apr. 10 ¥ Jan. Nov. 22 3334 Sept. 30 Sept. 5334 Sept. 36 Sept. Dec. 22 Dec. Sept. 26 2534 Oct. 434 Aug. 24 334 Aug. 24 4 7A Aug. 23 llH zY 4 Nov. 20 June 17 534 Jan. 20 1034 Jan. 20 2034 Oct. 26 2234 Aug. Aug. 2034 Apr. 65 Apr. 634 Aug. 334 Apr. 834 Apr. 53a Apr. 4534 Sept. 11834 Sept. 734 Apr. 1934 Sept. 134 Aug. 10 Apr. 2234 Sept. -5 34 Sept, 17 Apr. 2434 June Aug. 4 Apr. 3234 Aug. 334 Aug. 26 Sept. 7 Aug. 534 Nov. 834 Sept. 4 Jan. 108 Dec. Oct. Dec. 30 Jan. 734 Jan. 38 35 2934 2134 2334 3634 4334 334 934 7034 2234 5134 3434 53 27 11 Oct. 634 Dec. 11 7934 Dec. 27 8 8 434 Apr. Apr. 1334 Apr. 6 8434 Dec. 19 2234 Dec. 19 92 24 1 15 24 34 Sept. 34 Sale 3234 1 734 Dec. 6 534 Dec. 5 35 Dec. 18 16 Sale Dec. 14 1234 Sale 29 1 2 Dec. Sale Sale 434 Sale Sale 3434 Dec. 5 634 4134 334 3134 834 534 Sale 434 39 • 5 834 Dec. Sale 35 1 2734 Dec. 13 634 Dec. 27 20 34 Dec. 15 1 30 Dec. 4434 4 40 12 17 Sale 1434 1234 1934 Sale 54 34 52 Dec. 1134 Dec. 6134 Dec. 5634 Dec. 19 5834 120 Dec. 1 122 34 934 Dec. 29 934 1 2934 2534 Dec. 2 Dec. 26 Sale 9 Sale 6 1 2934 834 Sale 1034 Sale 10 Sale . 834 Sale 5434 Sale Sale 4 Sale 3 A Sale 2834 Sale 3 A Sale 15 A Sale 1334 Sale 93 A 9434 1834 Sale Sale 934 2734 234 1634 2834 33 Sale 1534 123 122 Dec. 834 Dec. 11 Sale Sale 634 Sale Sale Sale Sale Sale 58 16 2834 Sale 4434 Sale 3734 Sale 31 5 7534 Dec. 834 Dec. 26 9 434 Dec. Sale 434 634 4 434 Sale 6 a Sale 834 21A 1934 Sale 834 Sale 634 .634 5 34 534 .7% Sale 7 34 9 42A 4434 5a 32 a 9 A Sale Sale 34 7 7 ' -21- Sale- -22-r— Sale Sale 32 3034 Sale Sale 48 Sale Mar. 22 Dec. 17 Dec. 7 46 34 34 Dec. 22 Dec. 5 53 Sale 18X 34 98 1 5234 1034 Sale 1534 Apr. 11 1 97 a Dec. Dec. 20 2 534 Dec. 27 Dec. 27 15 4 Dec. 5934 6 2334 Jan. 24 1034 Apr. 8 1134 Apr. 11 Dec. 2234 Dec. 19 4234 Dec. Sale Sale 1 30 Sale Sale 18 734 Dec. 27 2034 Dec. 29 61 534 9734 234 634 Dec. 234 Dec. Sale 5134 1134 734 Sale 98 A Sale 334 Sale 6 Sale Sale 4534 3334 Sale 3134 Dec. 69 Sale 5234 14 6 12 15 34 45 Dec. 134 Aug. 4A Apr. 60 Sept. 1434 Apr. 36 Apr. 11 Apr. 42 Apr. 834 Aug. 5734 Dec. 1834 Apr. 534 Dec. 7 a Dec. 734 70 A 29 a Sale Corp Sun Oil stock purchase warrants.__1 247,800 Without warrants 1 133,400 15,400 Talcott (James) Inc -9 534 % preferred 60 1,840 37,500 175,700 1,047,200 235,400 317,700 189,300 168,700 22,300 21,000 38 Dec. Ask Bid 23 Scone & Webster Swift & Co Ask 1 Bid. 24)4 Sale 2134 Sale 2234 Sale 333^ Sale 9A California....* Standard Oil Co. of Ind 25 Standard Oil of New Jersey .25 Starrett Co (The ls) -* Sterling Products Inc 10 Stewart Warner Corp 5 Stokely Bros & Co Inc ;—1 Sunshine Mining Bid 17 Standard Oil of Studebaker YEAR11939 1939 / 1,662,200 1,316,400 810,700 2,500 198,300 11,900 RANGE FOR Jan. 3 EXCHANGE Shares 320 760 PRICES IN DECEMBER Price STOCKS 12 Months 27 June 27 , - ; . ' 1 N. Y. STOCK EXCHANGE—STOCKS 40 AQQREQATE SALES In December Shares 249,000 14,100 8,700 7,200 2,900 11,200 500 1,200 2,500 160 230 * 330 69 * U S Tobacco 25 7% preferred United Stockyards Corp Conv preferred (70c) 1 United Stores A__ 400 3,600 5,400 5,900 5,500 * 1 preferred Universal-Cyclops Steel Universal Leaf 1,330 610 1,200 640 44 46 Sale Preferred 100 — yniversal Picture 1st pref._100 Sale 54 12 14 Sale 65 X Sale 19 Sale Sale 33% 34% 112 114% 40 Sale 4 28 X 115 Sale Sale Sale Sale 2% Sale 7% 10 119 69 124 Sale 119% 41 3% 26X 115% IX 6 % 127 X 93 X 2 " 18,200 7,800 700 90 2,100 10 750 8,600 4,700 1,500 4,900 4,400 10,400 4,800 10 450 650 300 T.806 14,200 9,100 417,700 72,900 80,700 36,400 15,900 1,200 11,700 9,000 9,800 3,400 2,500 11.100 5,800 19,500 1,700 980 12,000 49,200 500 10,000 7,600 7,800 Sale 14% Sale 38 Sale 41% 3% Sale w%. 10 3% 30 24 32 X a 9% Sale Sale Sale 3X Sale Sale 80 X Sale * * * 100 100 4% % pf 100 West Virginia Pulp & Paper..* Western Auto Supply Co 10 Western Maryland 100 2d preferred 100 Western Pacific 6% pref.—100 14 90 Sale 7% preferred 6% preferred Westinghouse Air Brake * Westinghouse Elec & Mfg..50 50 7% 1st preferred Weston Electric Instrument-.* Westvaco Chlorine Prod * 5% preferred 30 Wheeling & Lake Erie Ry__100 100 * 100 Preferred $5 conv prior preferred White Dental Mfg Co White Motor Co * (S3)-20 1 26% Sale 3% Sale 6X 7% IX Sale a 24X Sale 31 Sale 119% Sale 140 Sale Sale 19 X 20 X, Sale 31% Sale 120,200 Woodward Iron Co , 1,975,700 7,710 102,300 1,460,000 5,100 244,300 286,700 117,000 10 10 100 100 100 100 100 * * 25 a 3X Sale Sale 94 7X 20% 92% 5% Sale 33 15 7% 1% 24 1 Sale 1% 1% Sale «VA Sale 95 22 1% Sale 8% 6 Sale 32 Sale Sale 18% Sale 22% Sale 3% Sale 60% 25% Sale" Sale 72% 63 72% 103 Sale 105% 104 Sale 110 112% Sale 102 101 104% Sale 114% 115 114% Sale 18% Sale 16% 15% Sale 36% 34 36% 4 4% 4% Sale 7 7 8 7% Sale 1 % Sale 2% 3% Sale 25 Sale 26 Sale 109% Sale 128% 134 26 26% 31% Sale 35% Sale 26% 27% 116% 135% §18 35* 95 79% 59 X 10% 92 Sale 12 85 75 13 Sale 1 7 14 5 Dec. 13 Dec. 14 % Dec. 5 70 Dec. 4 35% Dec. 39% Dec. 14 18 Dec. Dec. 1 Dec. 4 133% 7 7% Dec. Dec. 23 Dec. 20 101 Dec. 23 21 15 12 Sale 1 Dec. 1% Dec. Dec. Dec. 6% Dec. 29 20% Dec. 2 7% Dec. 1 21 94 Dec. 2 5% Dec. 27 31% Dec. 20 15% Dec: 18 7 Dec. 30 1 % Dec. 21 Dec. 1 13 3% Dec. 20 44 Dec. 7 5 5 Dec. 4 29% Dec. 18 18% Dec. 29 20% Dec. 20 3 80 Dec. 5 1 110 102 Dec. 1 Dec. 2 106 26 Dec. 2 26% Dec. 31% Dec. 35% Dec. 2 1 5 69 Dec. 14 95 Dec. 22 Dec. 30 8% Dec. 27 1 11% Dec. Sale 28% 32 16% Sale 3% 3% 2 Sale 3% Sale Sale Sale 12% 6 Sale 4% Sale 32% 36% 20% Sale 3% 1% 3% 5% 52% Sale Sale 3% Sale Sale iilM 114% Dec. 22 115 16 4 Dec. 19% 4 33% Dec. 36% 5 4% Dec. 29 7 6% Dec. 21 1 % Dec. 26 129 Sale n» 1 Dec. Sale 97% Dec. "75" 66 Sale 82** 35% 74 Sale 37% 44 47 108 117 81% 22% 81% 22% 17% Sale 124 122 23% Sale 38% Sale 18% Sale 66% 70 7 Dec.N 21 18 Dec. 26 Dec. 15 Dec. 16 Dec. 18 Dec. 12 Dec. 20 Dec. 21 Dec. Dec. 23 9 6 Dec. 14 16% Dec. 33 12 Dec. 20 Sale 45% Sale Sale 84 Sale 27 Sale 27 89 Sale Sale 17% 2% Sale 16 Sale 2% Sale v Ex-rights. Peerless Corp. ,H3ept. 27 Sept. 27 Sept. 27 11 10 10 % Dec. 26 13% Dec. 8 Oct. 25 Mar. 10 Oct. 26 7 Dec. 4% Dec. 34 2 56 Dec. 74 July 8% Dec. 7 Apr. 3% Sept. 1% Aug. 18 7 29 14 Apr. 14 Dec. Dec. 85 Dec. 27 12 24% Dec. 27 15% Dec. 27 2 Dec. 27 15 1 15 Dec. 6 5 I Dec. 30 Apr. Sept. 19% Apr. 47% July 43 May : 23% July 31% Ai?r. 85 Apr. Mar.; 18 2 98 Sept. Apr. Apr. 7 Dec. 14 iVA Dec. 18 88 28% Dec. 13 11 12% Dec. 17% Dec. 2% Dec. 30 74 17 1 12 2 2 X Companies reported in receivership. 4 Nov. 20 75 Dec. Jan. 18 3 26 27 Nov. 17 36 Dec. Oct. 10 85% Dec. 29 24% Dec. 29 7 19% Dec. 29 124 21 7 6 Dec. 26 Dec. 23 Nov. Aug. : Apr. May Apr. Apr. Aug. 1 Feb. ; 8 Feb. June Dec. 7 Dec. 22 21 2% June : 3 Aug. : 32% Aug. : 105% Apr. : Dec. Dec. 8 Dec. 2% Aug. 1 1 Mar. 10 2 Sept. 6 36% Dec. 45 Dec. 29 2 114 27 Sept. 20 Sept. 22 Sept. 10 Jan. 21 11% 46% 86% Nov. 16 2% Apr. 3% Apr. 10 27 Dec. Sale Sale 16% Nov. 22 20% Apr. 27 Dec. 11 4 16 Dec. 18 Nov. 8 Dec. 20 Dec. Jan. 43 18% Sale 114% 117 3 15 45 110 4 Dec. 5 34% 43% 13 Jan. Apr. 11 95 Apr-; 8 88 Apr. 10 105% Sept. 5 85 7 69 Dec. Dec. Dec. Dec. 10% Dec. 45% Dec. Jan. July 20 55% Aug. 25 Dec. 1 81% 19% 17% 114% 28 21 Dec. Dec. 21 16 10 9 12 Oct. 10 5 4 77% Dec. 19 Dec. 28 Jan. Jan. Oct. Dec. 17 Oct. 8 14% Apr. 11 Sept. 5 20 1% Apr. 3 May 24 Sept. 20 4% Nov. 30 19% Apr. 4 24 Jan. 1% 6% Oct. Dec. Dec. Sale Sale 23 37% Dec. 19 Jan. July %X 6 3% Dec. 1 5% Dec. 14 12 8 10 19 Dec. 1 4 Mar. 36 3% Dec. 13 5 Mar. Apr. 15% Apr. 20% Dec. 30 51% Dec. 3 18: Jan. " D 1% D 7 21 80 5 „ July 2 6 67 Sale Jan, _ 11 34 24 % 8ept, Dec. 66 45% 6 22 Jan. Dec. 35 86% 23 96 70 Sale Oct. July July 69 1 Dec. Sept. 13 Sept. 13 Sept. 20 22 8 Dec. 14 8 Dec. Dec. 21 Dec. 16 7 Dec. Dec, 22 Dec. 23 3% Dec. 18 1% Dec. 21 3 31 5% Apr. 11 15% Apr.. 10 Jan. 3 Apr. 9 1 Dec. Dec. 12 Mar. 15 01 85 4 6 Dec. 33% Dec. 23 June 29 4 Dec. Dec. 16% July 26 14% Dec. 30 56% Aug. 23 55 Sept. 30 29% Dec. 29 5% Sept. 12 33% Sept.27 18 July 31 5% Sept. 12 15 Sept. 12 33% Dec. 60 85 % July 1% July 10 16% Apr. 8 18% Apr. 8 82% Apr. 11 126 May 20 10% Apr. 8 15% Apr. 8 x29 Apr. 6 42 14 July 28 27% 28% 117% 136% 28% 39% 39% an r 114 i?* 80 3% Dec. 10 10 Sept. 22 34% Apr. 11 54% Aug. 24 65 Sept. 30 18% Apr. 10 Apr. 8 Apr. 10 Sept.14 Aug. 7 July 27 116 May 2 Apr. 12 Mar. 7 19 112 Sale 10 Apr. Apr. 7 14 31 19 25 Sept. 9 Sept. 11 Sept. 12 Nov. 15 1 21 Dec. 30 80 Dec. 1 Dec. 78 16 . 31% Dec. 29 20% Dec. 15 23 % Dec. 7 63 104 24% Dec. Dec. 14 Dec. 14 Dec. 5 Doc 21 Dec. 7 Dec'. 12 Dec. 11 33 % Jan. 16 16 Aug. 21 8% Dec. ■ 1 5 Dec. 21 20% Dec. 1 70 4 Dec. 30 47% Dec. 23 2 4 Sale 95% 6% 34 16 %' 8% 1% 25% 1% Dec. 12 7% Dec. 27 Dec. Sale Sept. July June Feb. 20 108% Dec. Sale 35 6 3 Sale Sale Dec. 17 4 2 Dec. 20 1% Dec. 3 June 13 Jply 14 Sept. 6 8% Mar. 3 2% Oct. 26 54 25 11 1 2 10 109 3% Dec. 29% 3% 29% 4 117% 1 3 20 12 146 Sept. 28 45% Apr. 10 26 4 1 Oct. 82% Sept. 12 Sept. 22 6 11 20 44% Dec. 30 29 Dec. Dec. Dec. Dec. 68 18 Sale Dec. Dec. Dec. Dec. Dec. Dec. 110 Sale 38% Sale Sale 26 90 25% Sale' 5 68 9 Sale Sale 5 Dec. 30 Dec. 16% Dec. 73% Dec. 5 115 Sale Sale 108 4 % Dec. 16% Dec. 27 4 31% Dec. 30% Dec. 20 "25" 7% preferred 100 Young Spring & Wire .* Youngstown Sheet & Tube * 5%% preferred 100 Youngstown Steel Door * Zenith Radio Corp Zonite Products Corp 1 7 Sale 112 Yellow Truck & Coach cl B..1 19 154 110 Sale Sale III eVA Dec. 31 9% 9% 11% Sale 6% Sale Sale Sale Sale 48 46 154 Sale 8% Sale 4X 5 10% 22X 97 Sale 3% Sale 31 3% 5% Sale 34 32% 33%. 16% "16%' "SaleSale 8% Sale Sale Sale 45 ♦ No par value, a Deferred delivery, r Cash sales, x Ex-dividend, Change of name from United American Bosch, g Change of name from YA Sale 69 54 Sale 18 12 Dec. 93 96 Sale 28 Dec. Dec. 68 127 32% Sale 4% Dec. 1% Dec. 6% May 1% Apr. 46 Apr. 9 May 60% Sept. xl49 94 95 Sale 39 7 19 Sale 61 Sale 7 Dec. 29 137 7 75 5 1,003,300 Wool worth (FW) 182,000 Worthington P & M 640 7% preferred A 6% preferred B 900 Prior pref 4% % series 10.700 Prior pref 4% % conv ser 13,500 7,973 Wright Aeronautical Corp 33,200 Wrigley (Wm) Jr 60,700 Yale &, Towne Mfg Co Sale 90 Prior preferred Co Sale 129 Sale 2 Sale 6X Sale IX Sale 19 X Sale Rock Min Spgs White Sewing Machine Convertible preferred 44% Dec. Dec. 93 116% 117% 118 73 X * 1 * 20 White 27 20 Dec. 132 Sale 41% Aug. 24 98% May 19 30 Sept. 22 Dec. 67 3% 26% 115% 1% 6% 29 29 X 1 478,600 Willys-Overland Motors.. 6 % conv preferred 10 175,300 * 426,200 Wilson & Co $6 cum preferrred 100 54,500 390 Wisconsin Elec Pow 6% pf.100 200 15,100 Sale 91,100 Wilcox Oil & Gas * 56,200 50% 20 H West Penn Pow Co 5% % conv preferred 309,900 Wheeling Steel Corp. 22,100 2,900 * * * 1 * 1 770 50 8ft Sale 5 * 100 485,900 544,810 4,280 81,600 73,500 37,000 Sale Sale 770,100 Western Union Telegraph.. 100 42,300 30,700 25,100 220 * Sale Sale 100 5 13,370 14,600 12,400 16,000 212,900 115,900 28,900 52,800 1,040 1,300 2,100 15,300 700 A 120.500 Wesson Oil & Snowdrift $4 conv preferred 16,680 10,070 West Penn Electric Co A 21,700 2,000 1,200 Ward Baking Co class 34,700 Webster Eisenlohr., 10 7% preferred 2,600 120 & W Ltd.* Preferred. 58,100 Waukesha Motor Co 62,200 Wayne Pump Co 3,100 7,700 150 Walker (H) Gooder Class B 1 45,200 7% preferred 20,200 983,300 Warner Bros Pictures $3.85 conv preferred 12,240 200,000 JWarren Bros Convertible preferred 11,400 $1 1st preferred 950 62,500 Warren Foundry & Pipe 680 "6", 600 113,000 10,600 * Walworth Co 6% 18% 85 30 Sale Highest Sale Prices Dec. 132 Sale L.300 3% 2 23 117% Dec. 30 11 35% Dec. 14 62 "29% Sale Sale 1 Sale Prices 7 69% Dec. 80 Sale 26 Sale Sale 100 5 111 126 IX 3% 25,500 9,200 1,900 1,800 7,200 4,300 59,800 Sale 80 25% 100 — 69% 53 100 :—* Walgreen Co.. * 4 % % preferred with warr 100 ieH . Dec. 17% 33% Sale 36 Dec. 37% Sale 114% 115% 114% Dec. 41 Dec. 44% Sale 1QX 28 X 100 Waldorf System 157 151 Sale Preferred B 1,300 52,700 68,200 9,900 436,700 96,600 27,300 68 Sale 34,200 t Wabash Preferred A 39,500 3,300 5,400 - 65 68% 157 2,100 5,100 , S* Sale 45 83^4 Tobacco— — 220 35% 7! conv Dec. 64% 113% 34% 42% 43% 43% 2 IX c^8 Sale 6% Sale 1% 56 50 62% 13% UK 14 35 5 $6 Dec. Sale Sale 117 Sale Lowest Sale Prices Highest Sale Prices 66% Sale Sale 3; Ask Bid Sale 100 118% . 17,600 3,200 Ask Bid Lowest Dec. 30 Dec. 5 Par * 72,900 Vadsco Sales Corp Preferred 100 1,880 534,600 Vanadium Corp of America-.* 5 53,700 Van Raalte Co 7% 1st preferred -.100 2,220 Vick Chemical Co 5 27,600 180 Vicks Shreve & Pac Ry Co. 100 30 5% preferred 100 5 80,300 Viccor Chemical Works * 168,500 Va Caro Chemical 6% preferred 99,120 100 4,260 Virginia Elec & Power 6% pref* 14,570 Virginia Iron, Coal & Coke 100 5% preferred 4,480 ---100 4,600 Virginia Ry Co preferred—1~ ; H)0 2,360 Vulcan Detinning 130 7% preferred --.^100 10,400 1939 1939 Shares 89,000 5,820 63,500 32,800 153,600 7,100 14,000 17,400 1,980 5,070 YEAR Jan. 3 N. V. STOCK EXCHANGE 4,840,100 United States Steel 170,300 7% preferred- 420 RANGE FOR PRICES IN DECEMBER Price STOCKS Months 1939 12 8 Sept. 6 Nov. 21 Sept. 19 Sept. 22 i Jan. 5 I Jan. 4 Oct. Oct. 31 31 ; Sept. 22 ! Sept. 20 Nov. 4 I Dec. 29 Mar. 13 I Oct. 26 Nov. 16 ; Jan. 5 I Sept. 12 Sept. 30 Sept. 27 I Jan. i Sept. 4 6 t Called for redemption New York Curb Exchange MONTHLY AND YEARLY RECORD Slock Sales PRICES ON OF RANGE Shares. Jan. 1 to Dec. 31.. December. 6,164,437 49,640,238 4,407,908 45,729,888 1938 1939 Bond Sales 1938 1939 December NEW YORK CURB EXCHANGE .... , Jan. 1 to Dec. 31 $35,966,000 366,984,000 $30,525,000 444,497,000 NOTICE—Deferred delivery, under the rule and cash sales, are disregarded In the month's range, unless they.are the only transactions o' the month, • No account is taken of such sales in and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. computing the range for the year. AGOREOATE PRICES SALES NEW In 12 Months -December Shares 600 Shares 500 200 1 400 1,500 600 275 400 130 500 100 500 275 14,150 1,300 800 300 4,260 1,350 800 500 2,400 100 2,900 500 100 9,000 1854 21 22 20 X 22 X 20 X 6 Sale 4X 5% Mfg Corp com—5 Sale 5X Sale Air Associates Inc common—1 11 Sale 5% 9X Sale 10X Sale 2 Sale 2X Ainsworth J Air Investors Inc common—* Convertible 20% 6154 63 54 1% IX 2% IX preferred Warrants 1,150 175 2,500 7,000 200 850 2,000 100 200 18,300 1,200 156,700 950 7,000 1,600 600 800 100 520 11,300 6,300 27,900 18,900 240 2,600 8,600 10 ,'600 4,500 38,000 5,500 Class B 13954 Sale 100 1 108 Sale 100 58 * * — 20 97,800 American Light & Traccom.25 6% preferred 25 4,800 12,775 American Mfg Co common. 100 100 — * 20,700 American Meter Co 400 Amer Pneumatic Service * 7,150 Amer Potash & Chem Corp..* 127,500 Amer Republics Corp com.. 10 29,800 Amer Seal-Kap Corp com 489,900 American Superpower. 1st 1 Sale 1 IX 9 2% X 22 IX 61 Sale 4 X 361,300 11X 18 20 8% 2% 67 X IX 27 27 17 X 74 70 X. 29X Sale 12 7 Dec. 2% 19% X 78% 101X 6 Dec. 9 Dec. 16 1 6% IX X 76 X 19X 70 X • 20 30 29 IX Sale 28 X Sale 31% Sale IX Sale X 10 Sale 10% Dec. 19 10% 18% Dec. 134X Dec. 5 115 114 Dec. 15 16% Dec. 6 Sale Dec. 21* 6% 2% X 18% 76 72 Sale 2 X ■ 1 Dec. 5 32 Sale 116 Sale 454 24 X 26X Sale 10 Sale Sale 28X 37 X 112% Sale 3% 26 X Sale 30% Sale 10 29 Dec. 27 1X Dec. Sale" 29 Sale X Sale % Sale 12% Sale 38% Sale 113% Sale 3% Sale 30X X 11X 36% 112% 3% 25 27 10X 18X 11 12 X 11 Sale 15% Sale 15 X 27 X 28 2754 16 22 20 85 Sale 70 23 X 85 26 27 15 50 28* 56* 29X 61 Sale 9 29 5X 80 85 6X Sale Sale 2X 5% Sale 6X 454 Sale Sale 8X % 1X 8% %« X 6 9X Sale Sale Sale Sale Sale X 6% 88 84 7% Sale 5X X 5X Sale 72% 74 X 5X Sale X Sale 70 X 73 Sale Sale 3X ix IX 12% % Sale 3X Sale X IX 2 12 IX 2% 14 15 10",500 460 1,500 15,500 300 300 10,200 1,200 RR Co preferred 100 60 70 Atlanta Gas Light 6% pref.100 * 73,800 Atlantic Coast Fisheries 50 4,300 Atlantic Coast Line Co Atlantic Rayon Corp 1 16,600 103,600 Atlas Corp warrants 5 13,700 Atlas Drop Forge Co com * 39,600 Atlas Plywood Corp 1 170,300 tAustin Silver Mines 5 31,500 Automatic Products Corp 70 63 '"§% 4X X Sale 24"" Sale Sale 2% Sale see page 53. Mar. 11 134 4034 5 1% 34 15 64 24 %t Dec. 29 30 29 12 1 16 30 7 15% Dec. 21 15% Dec. 20 Dec. 27 13 Dec. Sale 3% 1;; 1% 13% % Dec. 16 30% Dec. 14 %# Dec. 15 85 Dec. 5% 5% X 71X 13X Dec. 14 Dec. 13 Dec. 19 Dec. 18 Dec. 12 3 Dec. 7 16 21 1% Dec. IX Dec. 22 rl2 Dec. 28 7 96X 6% 5X 7% X X 5% Xs 2% Sale Sale X 2% 2% IX X Sale Sale Sale Sale 7X Sale 6% 5% Sale 8% Sale Sale Sale 7% X 54 5X Sale 8X 54# Sale Sale 3X 68 X 12 Dec. 11 Oct. 19 Dec. 70 65 2% 6% Sale % Sale 3 3% 15X 16X %, IX 1 Sale lb Nov. . Sale ~ " 5% % 3 X 15X Sale % Sale 6% Sale 14 18 %s Dec. 15 86 X Dec. 23 7% Dec. 20 5X Dec. 6 X Dec. 7 Dec. 8 15% Dec. 5 1 3% Dec. IX Dec. 9 2 Dec. 8 r 12 Dec. 28 74 7X Dec. X Dec. 1 X Dec. 27 4X Dec. 27 5 54# Dec. v. %« Dec. 4 5% Dec. 1 1 3X 1% Sale 21 X Dec. 6 Dec. X 3 X 15% Ws IX 29 23 Dec. 1 Dec. 16 Dec. 30 Dec. 5 Dec. 20 Jan. 6 7 18 2 35% Aug. 2 34% Aug. 2% Jan. 19 Jan. 134 June 22 Apr. 18% Apr. X Dec. 834 Apr. 29 X Sept. 110% Sept. 334 May Oct. 34 3554 Sept. 1% Jan. 27 8 6 Nov. 17 15 40% Mar. 10 Jan. 3 116 Sept. 11 July 27 Aug. 2 7 3% 24 X 6% % Feb. Mar. 29 % Dec. 68% Dec. 7 17 6 Jan. 5 Mar. 17 Jan. 9 Jan. Jan. 33 7X Dec. 23 9 2 4 Jan. • 2X Dec. 20 Jan. Aug. Jan. Dec. 12 114%: Dec. 26 5 X Dec. 15 X Dec. 2 Dec. 18 2% Dec. 2 X Dec. 2% Dec. 12 6% Dec. 15 7% Dec. 97 Dec. 91% Dec. 13 7% Dec. 6X Dec. 30 5 Dec. 2 5% Dec. 30 68 X Dec. 6 24 13 9 102 3% 9 23 23 21 Sept. 20 141 Oct. 7 11134 334 Mar. 31 6034 Sept 26 Sept. 1 9% 2% Aug. 7 X Dec. 28 23 Aug. 31 75 June 22 234 Dec. 28 6 15 6% Mar. 2634 Jan. 15% Apr. 13 Apr. 2534 Apr. 934 Apr. 17 Dec. 14 42 Dec. 28 Dec. 12 Dec. 6 Dec. 1 Dec. 30 4 Dec. 7 16 Dec. 18 X Dec. 1% Dec. 7 3b 2 18 Mar. 11 18 Jan. 9 8 29 Jan. 17 18 28 Nov. 18 June 16 70 Nov. 13 34 Ang. 25 2034 Apr. 8 54# Dec. 15 33 55 Feb. 11 7 5 34 Apr. 10 4% Jan. 25 X Dec. 19 1% Mar. Dec. 2 18 % Sept. 27 99 Oct. 3 1154 Sept. 11 7 June 1 1 Feb. 6 67 Jan. 12 8034 Aug. 3 13 Apr. 11 27 Feb. 6 3 Dec. 16 354 2% 3% 16% Apr. 20 Oct. 25 13 11454 5 % 354 3 54 10 7% Dec. 26 17 1 2 Sept 1%; Dec 22 9% Aug. 25 107 5% 7834 434 434 1634 Sept. Sept. Apr. Apr. Jan. Apr. Sept. Apr. June 554 34 X 4 34 Sept. Oct. Dec. Dec. 14 28 27 10 27 25 1154 34s % 2% 34 1% 2 6 104% 8 1 10 13 34s Aug. 9 2% Nov. 25 65 5 3 26 12 19 16 26 3 27 9 Dec. 2% Jan, 1934 Dec. 34 Jan. 8934 Oct. 101 % Nov. 91X Oct. 234 Nov. IX Jan. X Sept. 10 Sept. 1 6 Dec. 33 3 3 6 / Dec. 28 1654 Dec. 5 16% Dec. 4 28% Dec. 19 24 12 Jan. 8 54 J an. 11 Jan. 6 8 147 25 X Apr. I. For footnotes 3 94 Dec. 22 3 11734 Nov. 16 19 17% Sept. 20 110% Jan. 14 Apr. 86 2434 Sept. 28 Jan. X 2% 2% 22 4X Mar. 27 Ill ^ 101 "3* 7% June 28 May 19 17 90 7 .* 125 Assoc Tel & Tel class A Atlanta Birmingham & Coast 10 Nov. 16 4 54 % 9 Jan. 6234 Jan. 12 1% Jan. 23 5 X July 34 Dec. 11 7 15 19 71 31% Dec. Dec. 30 IX Dec. 33 Dec. 33% Dec. X, Dec. xl4 Dec. 38% Dec. 113% Dec. 4% Dec. 26X Dec. 30% Dec. 42 Dec. 14% July 6 1854 Feb. 10 2% Aug. 24 5 Aug. 24 6X Sept. 1 1 June 29 1334 Aug. 1 Xe Apr. 8 6134 Jan. 11 1 Dec. 28 Highest Sale Prices Dec. 85 X 31 31 % Sale Sale 2854 23 60 % Sale X Dec. 30X Dec. 16% Sale Dec. Dec. Dec. Dec. Dec. Dec. 31 16 17 Dec. 30 40 17 7 16 8X Dec. 7 2% Dec. 18 % Dec. 12 21 Dec. 26 72% Dec. 22 8 Sale 1X IX Dec. 44 X Dec. %s Dec. 28 30 33 Dec. 4 12 Dec. 11 20% Dec. 14 147 Dec. 6 115 Dec. 2 17% Dec. 30 8 Dec. 11 103 Dec. 7 Dec. 27 107 26 3354 1 16 X Dec. 11 28 Dec. Dec. 26 Dec. 21 Dec. 22 Dec. 1 18 Dec. 2b 4 27 Dec. Dec. J Sale Sale 29 Sale xl4 15% 3% — 4 Dec. 91 1 32 Sale American deposit rects.. .£l 18,600 32,000 Assoc Gas & Elec common— 1 Class A 1 296,900 $5 preferred * 82,700 Warrants 106,600 1,600 Assoc Laundries ol America..* 31X 30 19 90,200 Ashland Oil & Refining Co-.l * 25 \ssoc Breweries of Canada Associated Elec Industries— X 31% Sale Sale 2 70 6% preferred 10 80,800 2,710 Arkansas P & L $7 preferred.* 19.100 Art Metal Works common.— 5 Dec. 7 Dec. 9 Dec. 23 2% Dec. 11 12 Sale 21 X 3 Sale 67 * 9% 19 SA Sale * — Dec. Dec. 11 Sale 7 X Dec. 21 Sale 94 X Dec. 27 96 100 X Sale 8 103 X Dec. 103X 106X 105X 107 Dec. 8 IX IX IX IX Dec. 26 Sale 44 42 44 42X 25 Sale Angostura-Wupperman 1 Apex Elec Mfg Co common—* 12X Sale Appalachian Elec Power— $7 preferred Sale * 109 4,410 Sale 1 44,500 jArcturus Radio Tube 2% Sale 95,700 Arkansas Nat Gas common. .* non-voting 10X 5 American Thread preferred—5 Anchor Post Fence common. _* Class A 1 X Dec. 19 IX 141 134 X Sale 114 X 115X 114% 16 X 17 X 16% 8 * Preferred $6 series Dec. 12 5% Dec. 30 6% Dec. 8 Dec. 26 77 3 Dec. 22 89% Dec. 2% Dec. 2% IX 2 * preferred $6 series 18 Dec. 16 V\t> Sale 78% 90 2X A.10 * 1,275 American Invest of 111 eoiri 22,000 American Laund Mach com .20 Preferred 9 19% Sale 15 470,600 American Gas & Elec com—* $6 preferred * 31,475 10c 50,200 American General Corp $2 preferred 8,550 $2.50 preferred 1 1,025 6,900 Amer Hard Rubber Co com-50 150,300 American Maracaibo 7% 18X 110% 1454 — 25,200 18,500 13,400 15,800 77 X 4 Sale Common class B non-vot._10 498,900 21,000 Amer & Foreign Power warr... 20,090 Amer Fork & Hoe Co com 10,950 106,500 Sale 12 Dec. xlOO 128 --25 25 —--1 760 Amer Cyanamid com class Dec. X Dec. 11 1 31,800 Amer Box Board Co com 1,600 Amer Capital Corp cl A 10c Common class B— 10c 10,900 $3 preferred * 4,800 $5-50 prior preferred 1,050 121,200 American Centrifugal Corp. Amer Cities Power & Lt Corp— 130 ~7~, 200 11X conv Conv class A 125 19 X X 79% 22 4% 5% 9% IX Lowest 22% Dec. 29 18X Dec. 13 22 X Allied International Investing Class A with warrants 950 18 78* 89 Alliance Investment common * 16,850 8,600 X $6 preferred Alles & Fisher Inc common.. $3 1939 Sale Prices Highest- Sale Prices 22 X 15X 23 * Ala Gt Sou RR ordinary 50 Ala Power Co $7 preferred— 23,300 9 025 254 "24~" ~~ —v Sale Prices Sale 8 4X 654 800 1,340 23,500 Lowest Ask ~22 class A 6,150 Aluminum Industries com 99,160 Aluminium Ltd 7,650 6% preferred 22,400 Ameriban Beverage Corp. 2,250 American Book Co 60,075 Aks Bid 1 10 common preferred * 3,250 Allied Products Corp com...10 Class A -25 1,445 * 137,250 Aluminum Co common 33,950 6% preferred 100 10,200 Aluminum Goods Mfg * 110 Bid Dec.SQ- 1 Acme Wire Co 2,200 12,900 "36,000 1,200 Ask Bid • Dec.1 1939 Par Aero Supply Mfg Class B YEAR Jan. 3 EXCHANGE STOCKS 3,725 1,300 93,500 45,700 24,500 37,200 3,900 11,300 5,425 13,465 8,310 3,800 7,950 2,400 100 4,500 4,200 4,100 4,400 CURB - RANGE FOR IN DECEMBER Price YORK 63 Aug. 22 23 9634 Jan. 2% Apr. 17 Apr. 3% Feb. 54 Apr. 2% June 11% Sept. 34s Apr. 134 Dec. 11 8 4 11 15 1 14 20 Sept. 12 Feb. 8 Feb. Apr. 22 Apr. 22 Apr. 22 Nov. 29 Oct. 6 554 Sept. 6 16% June 13 6 3 3 Mar. 10 Jan.. 3 Jan 3 May 23 Mar. % Jan. 1 % Jan. 6854 Dec. 98 454 31% 9% 1% 5% 25% 54 3 Feb. Sept. Jan. Sept. Sept. Sept. Jan. Jan. Apr. 9 3 13 4 14 5 22 12 9 29 NEW 42 EXCHANGE CURB YORK AGGREGATE PRICES SALES December Shares 15,600 19,400 1,750 925 10,400 510,900 9,990 1,200 1,500 1,100 425 """400 14,600 1,350 200 Par (Continued) com—* Auto Voting Machine Avery (B F) Sons Co 5 6% preferred with warr—25 6 % preferred ex-warr 25 Purchase warrants. _ Aviation & Transport Corp._l Axton Fisher Tob class A—10 Ayrshire Patoka Collieries 116,700 Babcock & Wilcox Co Baldwin Locomotive— 13,100 26,750 1,000 10,700 398,100 18,400 17,200 134,700 6,250 33,300 213,500 700 1,300 3,700 500 1,600 35,600 — 630 50 820 "i~66o * 100 7,100 6,100 243* 73* 63* 6N 8X 65* Sale 7X 9% 2 Sale 50 Sale * (L) & Co com.— 7% 1st preferred 100 7 % 1st prof vot tr ctfs—100 1 1 "45* "6"" 4 5X 13 15 82,200 Blue Ridge Corp common...1 $3 optional conv preferred.* 15,900 8,700 Blumenthal (S) & Co com * 5,000 Bohack (H C) Co common—* 800 1,200 500 260 2,025 1,300 ■r 7% 36 X Sale Sale 10 Sale Bowman Biltmore 32,500 2,300 1,100 2,200 7,400 8,200 88,700 — 2,200 22,500 14,500 7,070 1,300 570 290 1,620 400 6,700 I,320 12N X Sale 145* "7X Sale" 15 Dec. 19 4N 43* 18 Sale 8 193* 63* , Sale Sale *16X Sale" IN 37X 7N 2X IN Sale Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 20 Dec. 30 r21 r21 Sale 40 5*6 Sale isfc Sale 3N 14 IN Sale IN 393* 63* 23* 263*' 273* 5N ^ 40 N Sale 3N 20 N 28 N Sale x4X 4 Sale 8* 6 6 5 28 9N Dec. 8 Dec. „ 19 12N Dec. 30 IN Dec. 28 Dec. Sale 13 X Aug. 24 29N Jan. 28N 9N 7N 13* IN 10N 9N 12 N 4 . 14 •i3ie Dec. 4N Dec. 19 Dec. 27 4 14 Dec. 7 21 Dec. 29 17N Dec. 28 1 63* Dec. 30 5N Dec. 30 4N Dec. 16 Dec. 21 14 8N Dec. 6 Dec. 6 7N Dec. 14 21 Dec. 21 131 Dec. 18 123 N Dec. 30 40 43 Dec. 12 43 3* Dec. 29 N Dec. zl23 Dec. 15 40 Dec. 30 Dec. 12 Sale N« Dec. 1 Dec. 15 14 14 38X Dec. 28 7 7N Sale Sale 2N Dec. 7 N Dec. 383* 38 143* 26 1 23 27 16 123 122"" 124"" N X 3*6 Sale 153* 153* 37 383* 7N 83* 7 26N Dec. 8N Dec. Apr. 5 Apr. N Oct. N July 7N Jan. 4 May 24 4N Mar. 31 IN Sept. 6 17 Oct. Oct. 20 73* Sale 195* Sale 7 38 39 24N Dec. 23 Sale 35 12 6 30 3N Dec. 9 6N Ne 5* 9N 7N 93* 13* 3* 53* Sale 43* 43* 15 323* 4N 5 23 IN Dec. 3N Dec. 52 N Dec. 7 7 Sale Dec. 27 Sale Sale Sale 63* 33* 273* Sale 53* Dec. 6 10 * Common * _* 100 Preferred >rp Class B * 7% preferred.. -.100 * IN Sale Sale 20 3X 8N Sale Sale 8 Sale 12X Sale 31X 7X 35X Sale 13* 73* 6X 83* Dec. 13, 22 4 Dec. 27 5*6 15X 38X 8N 6 5 Dec. 1 Dec. 6 Dec. Dec. 28 Dec. 13 Dec. 16- 1 .8 I N Dec. 14 39 Dec. 5 40 Dec. 18 11 4 30 11 5 Sept. 27 Sept. 27 Feb. 4 Jan. 31 Jan. 6 Mar. 4 Sept. 15 Dec. 30 Jan. 3 Jan. 3 Feb. 23 5N Feb. 23 5 Jan. 23 15 N Nov. 10 UN Nov. 36 N Jan. 35* Aug. 24 Aug. 24 4N Aug. 24 10N Jan. 4 3 16 Oct. 19 1763* Aug. 15 Aug. 31 118N Apr. 27 124 45 16 Jan. 12 Aug. 15 48 N Aug. 14 27 Jan. 10 Jan. 5 X Dec. 29 Jan. 3 5*6 Aug. 11 120 s 31 17 Mar. 21 Mar. 22 13 40 June Jan. x34 4N Sept. 8 Dec. 13 13 11 11 15 40 15 Dec. 6 Dec. 2 50 4 23 3N Apr. 10 25* July 27 10 Sept. 12 4 1 ■ Apr , 8 9X Sept. 28 1 Dec. 4 4 19 X Sept.22 10 " 53* Dec. 27 23* Dec. 22 26 Dec. 4 203* Dec. 1 Dec. 1 x4 36 X Dec. 22 53* Dec. 20 73* 65* IN IN 73* 75* 5N Sale 2 Sale Sate Sale 12 1 6 7N Dec. 2N Dec. 22 27 28 Dec. 12 Dec. 8 4N Dec. 28 IN Sept. N Apr. 34 Apr 4N Apr. 2N Jan. 17 3* Apr. 42 N Aug. Jan. 9 4N jNov. 9 2 5 3 3N Jan. 3 30N Nov. 20 6N Nov. 24 32 N Nov. i Sept. 2 55* Dec. 20 Jan. 17 24 N Jan. 4 Jan. 10 N Dec. 11 Dec. 1 8 1N Dec. 23 7N Dec. 12 7 Dec. 14 12N Dec. 27 4N IX 28 X Sale Sale 32 11X 2 3* 523* 33* 13* 313* 49 55 2N 1 1 8 3 Dec. 28 6 53 Dec. 12 Dec. Dec. Dec. 1 27N Dec. 27 12 N Dec. 1 3N 1N 315* 12N 11 Dec. 1 32 23* Dec. 26 Sale 13* 343* Sale 28 3* 30 123* 115* 12N 18 Sale 18N 21 21 21N 21N 21N 213* 23 23 N 173* 173* 205* IX 13* 13* 11 2N Dec. 52 N Dec. 30 71N75 Dec. 20 1 55* Sept. 1 3N Sept. 1 4N Aug. 24 Jan. 32 353* 373* r2N Sale 38 Sale 65 Sale Dec. 20 6N Dec. 12 9 55* Dec. 1 8N Dec. Sale * Class A British-American Oil 400 18 Dec. 85* Jan. 8N Sept. 22N Sept. 18 Aug. 3N Sept. 4N Nov. 52 N Dec. 4N Sept. 15 Hotels— 6.600 Brillo Mfg Co common 100 % .25 ,—._* 74,200 Bridgeport Machine com 330 Dec. Sale 12 13* 122X 123 17 X 22 150 Bridgeport Gas Light Co 30 122 IX 39X 8X Sale 23 X 7 % 1st preferred 100 12,300 2d preferred.. * 28,400 93,400 Brazilian Tr Lt & Pr ord— 1 188,800 Breeze Corp 1 411,900i Brewster Aeronautical 7,300 1 3N Dec. 12 44 75* Sale 7X Sale r21 131 120 100 7% 1st preferred 2,620 7,525 Borne Scrvmser Co 13,700 Bourjois Inc 16 Sale 13 100 * 125 Blauner's common 238,000 Bliss (E W) & Co common—1 12,800 22 Dec. Sale 5* 20 X 125 Dec. 18 24N Dec. Sale Sale Sale Purchase warrants 27,400 * 15,460 Bickford's Inc common $2.50 conv preferred * 1,175 17,400 Birdsboro Steel Fdy & Mach_* 5,700 7 15 Sale Sale 26 X 14 J* 1,800 13 Dec. 20 203* 1,645 Bell Telep of Pa 634 % pref .100 50 18 Dec. 5N Sept. 5 2N Apr. 11 Apr. 6 14 Sept. 8 N June 28 IN Aug. 25 35 N Sept. 6 2N Aug. 17 15X Apr. 29 6N Dec. 6 Sale 13* Sale * 4,600 Benson & Hedges common Convertible preferred * 2,550 55,200 Berkey & Gay Furniture Co..l 1,700 6N Dec. 27 33* 523* 133* Sale ..5 Barlow & Seelig Mfg class A. Basic Dolomite Inc common. 1 1 Bath Iron Works Corp 2,310 Bell Telep Co of Canada Highest Sale Prices Sale Sale 22 .1 Barium Stainless Steel Lowest Sale Prices 63* 175* 163* 13* Sale Sale 6, 2 3N 45 X Highest Sale Prices 16 63*. Sale 16 21 50 25 1 6X 6N 19 X 17 28 X 175 8,200 3,200 14 7X 63* 184,400 Bellanca Aircraft common—1 610 6X 6X 16N Sale 7X 1 Sale 387,600 Beech Aircraft Corp com 197,700 Bell Aircraft Corp common 12,600 13N IX 3N 8X 5X 195* 19 IX Sale 8X 7N X IX . 1 6,900 Beau Bremmell Inc 4,200 Beaunit Mills Inc common. .10 $1.50 conv preferred 20 1,800 500 7N 4N 13 X Lowest Sale Prices 30 Ask Ask Bid Bid 3 Purch warr for common. Baldwin Rubber Co com.. -1 Bardstown Distillery Inc— ..1 500 Baumann 300 Ask __1 •—30 7% preferred Bid Dec. Dec. 1 1939 STOCKS 1939 Jan. 3 EXCHANGE 1939 Shares YEAR RANGE FOR IN DECEMBER Price NEW YORK CURB Months 12 In 1 Dec. 19 16 Dec. 18 Dec. 5 17 N Dec. 5 18 N Dec. 12 173* Dec. 18 18N Dec. 7 17 2N Aug. 25 52N Dec. 6 IN Aug. 24 N 21N 95* 29N Aug. 23 Apr. 10 Jan. 20 Apr. 4 3 5N Jan. 18 12 N Mar. 10 113* Feb. 23 123* Jan. 3 Nov. 15 7N Jan. 3 77 Mar. 15 4N Jan. 5 2N Sept. 22 39 Sept. 13 13 N June 7 325* June 9 36 Co— * -* Coupon stock (bearer) Registered 21 16N Oct. 5 Dec. 18 17 N 22 N Mar. 22 N Jan. 1 20 British Amer Tobacco Ltd— 500 13,900 200 2,000 Amer dep rets ord bear__£l Amer dep rets ord reg £1 Celanese Ltd— 18N 18N 19 183* 203* 175* Dec. 14 17N Dec. 14 18N Dec. 22 17X Dec. 15 13 14 Sept. 21 Sept. 29 % 21N 7 N 3 N Feb. Oct. Mar. Dec. 16 17 31 17 Dec. 15 Feb. 28 22 N June 27 24 British 5,200 1,100 Am 10s dep rets ord reg 625 British Col Pow class A "5~306 2,300 200 90 91,800 Brown Rubber Co 4,700 Bruce (EL) Co 3,500 2,900 1,500 9,000 300 300 1,200 .1 86,500 Bunker Hill & Sullivan—2.50 • 4,000 Burma 21 7N Sale 1 * common. 5 50 9.500 Buckeye Pipe Line 70,150 Buff Niag & East Pow pref .25 $5 1st preferred * 13,450 800 950 IX Dec. 23 21N Dec. 3N Dec. 1 15 29N Dec. 13 45* Dec. 22 17 18 213* 43* 27 N Sale 5 4 Sale 43* * preferred 21,300 Brown Forman Distillery $6 preferred 750 4,000 300 Class A 7 15 18 * 26,750 {Brown Co 6% preferred-.100 21,200 Brown Fence & Wire com—1 2,400 % IN Dec. 13* Sale Corp Amer dep rets— 12 Nc 9,900 Burry Biscuit Corp Dec. 1N Dec. 26 Dec. 29 153* 273* 203* 1063* 163* Sale Sale Sale Sale 15 2 23* 25* 3 7,800 Cable Elec Products com—50c Voting trust ctfs.. 50c 24,900 IN 15* Sale 4 5N 10 105* 28 3* Sale 4N 21X Sale 22 1053* 14 X 2N IN 3*. %> N 5*6 33* 163* 173* 3N 15N Sale 28 106 Sale 13 5* 14 N 2N Sale IN , IN 5* 13 Dec. 9 42 Dec. 29 4 Dec. 28 5 Dec. 6 2 4N 11N 11 . IN Dec. 35 25* Sale 6 22 N 10N Dec. 5 12 N Dec. 7 28 Dec. 4 30 Dec. 18 21X Dec. 16 1 Dec. Dec. 22 Dec. 23 2N Dec. 14 2 IN Dec. 105 Dec. Sale 13 Dec. 11 107 N 11 14N 2 Dec. 11 2N IN N 3N 16N 43* 173* IN Dec. 27 14 N Dec. N Dec. 5* Dec. N Dec. 3N Dec. 13 15N Dec. 13 3N Dec. 17N Dec. 18 42 Oct. Jan. 3 6 Jan. 4 17 34 5* Mar. 23 9 23 N Mar. 107 N Dec. 22 2N Apr. 7 Sept. 26N Sept. 19N Apr. 100 Sept. 11 Apr. 1 N Sept. IN Aug. N Oct. 3* Jan. n July 4N May 29 May 29 IN Oct. 26 14 9 N N N "l6 22 N Sale 15 26 28 June 13 293* Dec. 13 7N Jan. 3 25 Aug. 1 l 203* Sept. 23* Jan. 2N Jan. 18 17 5 4 7 May 25 IN Mar. 2 1 Cables & Wireless— 900 1,800 125 8,000 1,200 400 20,400 1,200 12,000 200 500 1,100 3,900 660 70 24,800 900 1,400 100 5,000 1,700 1,600 490 375 2,000 Am dep rects 5 X % pref. _J£1 19,600 Calamba Sugar Estate Co—=20 25 Camden Fire Ins Assn 3,025 Canadian Car & Fdy pref 25 82,000 Canadian Colonial Airways—1 10,100 Can Indus Alcohol class A—* 1,500 B 5,025 Capital City Products 113,300 Carib Syndicate com conv 34 "25* "33* 13* 1 Sale IN Sale 4,390 Carolina Pow & Light $7 pref.* $6 preferred * 1,570 % Sale 183* 3 24 3* 88 __1 ;. 1 203* Sale 10N 6N Sale 7N 13 N 14 10 Sale 10 10 21 20 22 15 43* 233* Sale 903* 33* Sale 45* 800 8 1,925 4,350 101,200 900 250 Metal For footnotes see page — 20 N 25* Sale 33* Sale Sale 3N 133* 913* 14 Sale 83* 93 i3* 3* 93* 43* 43* 43* 43* Sale 103* Sale Sale Sale Sale 63* 53* Sale 63* a 14 X 1133* 965* 83* 1093* 5* X 13* 7 2N 2N 2 3N 3 30 Dec. 29 Dec. 14 Dec. 19 Dec. 12 Dec. 29 Dec. 26 19N 45* IN 2N June May Apr. Dec. N Apr. 4N Aug. 5* Feb. Dec. 1 19 Dec. 27 5N 39N 5*6 Dec. 30 N 1 101N 995* Dec. Dec. 19 Dec. Dec. Dec. Dec. 12 37 11 85 Feb. 93 Dec. 9 93 Dec. 9 78 Jan. 10N Dec. 7N Dec. 9N Dec. 1 13 X Dec. 30 11 15 7N Dec. 12 10N Dec. 27 21 22 21 Dec. 107 Dec. 3 Dec. Sale Sale Sale 33* Sale 3N Dec. Dec. Dec. Dec. Dec. 5 2N Dec. 22 2 8 76 71 21N 145* 12 114N 12 97 N 15 8N 6 8 2 Dec. 13 2 Sale Dec. 5 1 Dec. 11 3N Dec. 19 7 19N Sept. 26 3N Apr. 24N Jan. N Apr. 3N Dec. Dec. 28 112 Dec. 11 8N Sept. 5 5N Feb. 23 9 Apr. 11 17 May 17 2N Aug. 23 15 111N Dec. 6 3N Dec. 8 N Dec. N Dec. 20 7 24 1 2N Dec. 28 Sale N 5*8 7 N 2N 2N 2N Dec. 7 2N 2N 1N 93* IN x25 22 Oct. 22 N Dec. 5 Dec. 20 N Sale 19 Sale 14N 14N 14N 103 Sale 96 97 N "97N Sale" 8 9 7N 9 108 110 110 108N N Sale Sale 25* 3 21 4N May 24 Sept. 8 Oct. 25 33 N Mar. 3 8N June 19 4 Sept. 12 3 Oct. 28 IN Sept. 8 9N Dec. 22 IN Sept. 6 2N Sept. 15 N Dec. Dec. 14 3 29 48 Dec. 20 Dec. 29 Dec. 2 Djpc. 22 Dec. 13 Dec. 12 N 5*6 75* 3N 2N 25* 4 Dec. 4 Dec. 1 Dec. 9 Dec. Dec. 28 Dec. 23 4 Dec. 20 9 5N Dec. 12 39N Dec. 11 IN Sept. 5 102 Aug. 16 94 N Aug. 1 24 N Nov. 4 12 14 26 Sept. 11 4 N Jan. 3 21N Jan. 7N Dec. 15X Apr. Apr. 12 1125* Nov. 17 June 17 6N Sept. 12 Feb. 1 71 Dec. 29 Aug. 24 27 N Mar. 11 Oct. 20 15 13N Jan. 5 2 90 Apr. 25 114N Dec. 85 97 N Nov. 15 Apr. 12 11 Sept. 12 63*/Aug. 28 Dec. 12 85 Jan. 26 112 17 5* Dec. N Dec. 20 7 June 30 IN Jan. 20 X Sept.14 Mar. 11 14 Mar. 11 2 X July 2 Dec. 13 55* Feb. 9 2 Dec. 11 3N May 9 4N Jan. 4N Jan. 19 3 5 5 Weather Strip Co 7,400 4,100 Charis Corp common. 1,275 Cherry-Burrell Corp com .1 7% preferred 100 6% preferred— 100 Conv preferred100 Conv pref opt ser 1929.-100 Centrifugal Pipe Corp * Chamberlin 1,000 common. 7N Sale 107 N $7 dividend preferred 153,600 Central States Elec Sale 16 - 8 Dec. Dec, 28 Dec. 22 Dec. 23 6 Dec. 62N Dec. 90 15.848 3N 3 73* * .1 20,400 Cent Ohio Steel Prod 6,035 Cent Pow & Light 7% pref. 100 Central & Southwest Utilities— Common 50c 92,200 425 15 Dec. 5N 2N 2N N 6N 1N Sale 20 63* 6 7,960 Cent N Y Pow 5% pref.... 100 1,400 31,500 N 995* Sale II.200 Celluloid Corp common 1st preferred part 2,940 1,000 36 N IN 22 N 5 245* Sale 5N 375* 39 373* 5*6 Sale N 100N 102 Sale 93 923* 93 25 20 % Sale 82 1 92,600 Catalin Corp ot America Celanese Corp of America— 7% 1st partic preferred-.100 18,935 8,600 4 3* 243* Sale 893* Sale 63* Sale 2N 3N 2N Sale __* 15,700 Casco Products 1,650 Castle (AM) & Co 900 30 22 N 5 21 90 120 275 5N 23* 33* 33* 630 39,000 43,100 5N 23* 1 19,500 Cent Hudson Gas & Elec corn430 Cent Maine Pow 7% pref.. 100 1,600 23 20 25* * 25c Class B * 5,700 .__* 17,000 Carnation Co common 71.600 Carnegie Metals Co common. 1 4,675 33 2 A stock--* 222,800 Carrier Corp common 8,200 Carter (J W) Co common 16 22 1 228,600 Canadian Marconi Co-. Co 4 17 * non-voting 1,400 Carman & 4 5 5 10 5 53. J 4 6N 4N 73* 35* 63* 43* 65* ■ 3N Dec. 21 63* Dec. 12 12 Dec. 6 4N Dec. 7 5 Dec. 5 12 N Dec. 28 3N Aug. 25 5N Jan. 23 Apr. 20 x!2 7N Jan. 4 7N Nov. 21 Jan. 24 15 NEW JAN., 1940] IOKK CURB 43 EXCHANGE AQQREQATE PRICES IN DECEMBER SALES NEW In 12 December Shares 1,150 28,200 52,800 5,200 540 530 1,110 4,400 2,000 50 7,100 100 21,400 51,100 5,600 37,000 1,100 4,500 200 1,900 50 900 5,400 200 2,600 1,850 425 29,400 97,900 1,300 4,350 (Continued) Par Chesebrough Mfg 25 Ohicago Flexible Shaft Co—5 Chioago Rivet & Machine 4 Chief Consol Mining Co 1 Ohilds Co preferred 100 10 282,000 Cities Service common Preferred. * 207,700 Preferred B * 24,500 Preferred BB * 2,990 5,565 Cities Serv Pr & Lt $6 pref—* 9,345 $7 preferred - — * 40,700 City Auto Stamping Co * 4,700 City & Suburban Homes.10 Clark Controller Co 3,700 83,700 Claude Neon Lights com 1 3,700 Clayton & Lambert Mfg Co..* 2,100 3,900 133 128 # 58 1939 Sale 109 > 23^1 4% 58 X Sale Sale 5# 54 X 4# 57# 5# 90 54 60* 55 6# Sale Sale 6 Sale 85 Sale 10 _ Sale Sale 4# 57# 5# 54# 6 52 60 83 90 Sale 5 37 # 5# 1# 2# Sale 2 Sale 6 X 3# X Sale 3X 4X X 4 42 X 5 Sale 43 5X 2% 2# 43 X 4X Sale Sale IH 7# Sale 8X 9X IX 4X 6X 2 4% Sale • 5# 16# # 3# 2 92 Sale 85 Sale 82 Sale 55# 3# Sale Sale 64# 2# 66 Sale 63 X 65 Sale X # .«««. Sale % #e Sale 1 Sale 38# 28 Sale JA 14# 15# Sale 33 X Sale _x 16# 17X 2# 17X 17# 13 58 Jan. 3 9# Feb. 6 Dec. 19 66 6# Dec. 13 62# Dec. 19 19 37 14 53# Jan. 108 Dec. 14 14 55 112 Dec. 14 6 Dec. 1 4 Dec. 30 6 Dec. 2 3# Dec. Mar. Jan. Sept. 11 July 4# Jan. 15# July # Nov. 15 Dec. 7 16« Nov. 29 20# Mar. 14 6 1# Jan. 7 5# Oct. 1# Apr. 44# Dec. 15 5 5# Dec. 7# Dec. 11 5 9# Dec. Jan. Aug. July Jan. 5 Apr. 7# Jan. 3 29 3 44# Dec. 15 6# Sept. 23 5 Sept.11 3# Mar. 11 8# Oct. 27 9# Dec. 5 1# Dec. 12 2 4# Dec. 6# Dec. 13 1 85 Dec. 1# Sept. 4# Oct. Apr. 70 Apr. 1 6 8 6 4# Aug. 9 9# Sept. 26 96# Sept. 14 3 Dec. 34# 3# 1# 2# 7 Dec. 1# Dec. 20 2 4# Dec. 6# Dec. 28 79# Dec. 28 13 64# Dec. 2# Dec. hs Dec. 11 22 31 4 7 5 #6 Dec. Aug. 14 1 # Aug. 1 45 Dec. 20 45 Dec. 20 Dec. 35 Dec. 23 23 1# Dec. 23 #6 Dec. #6 D ec : Dec; 7 . 6 Jan. 74# May 13 4# Jan. 21 38# Dec. Dec. 4 55# Jan. 3 1# Dec. 20 7# Sept. 26 1 #, Apr. 22 % May 3 26 Apr. 8 17 9 28 Dec. 28 32 Jan. Feb. 10# Nov. 21 # Sept. 6 Dec. Dec. 1 79 112 Dec. Dec. Dec. Dec. Dec. 5 11 28 27 108 1# Dec. 20 SUM 19 2 64 Ma Sale IX IX 42 X Sale Dec. 26 130 4# Nov. 43# Mar. 3# Feb. Dec. 28 9 10 Sale 4X 6# Sale 14 2# Dec. 7# Dec. 11 IX 4X * Dec. J* 66 42# Dec. 21 4# Dec. 27 lH 8X 3# Sale 4# 4# 8# Sale Dec. Dec. Dec. 85 Sale 108# Dec. 60 Sept. # Apr. e Nov. 20# Dec. 6# Dec. 62# Dec. Dec. Dec. 30 Dec. Dec. 90 93# 5# 5# Sale Sale Highest Sale Prices 1 108# Dec. 26 118# Dec. 72 Dec. 30 65# Dec. ~ 10 Dec. 1 9# Dec. #b Dec. 9 % Dec. 16 .X Sale 2 20# Dec. 27 25# Dec. Sale 52 X 45 Lowest Sale Prices Sale 25 5# Highest Sale Prices 110 Sale a Lowest Sale Prices Ask 10 4 * 100 Club Aluminum Utensil com.* Cockshutt Plow Co Ltd * - 118# Dec. 30 Ask Bid ' Sale Sale 7% Sale 50 # Sale com Cohn & Rosenberger com Bid 72 "7H "T" Clinchfield Coal 20,125 Community P & L $6 1st pf.. * Community Public Service— Common 25 31,725 .1 12,700 Community Wat«r Serv Compo Shoe- Machinery*4-——-— V t c ext to 1946—' 1 14,300 1,000 Ask Cleveland Tractor com w 900 Bid 36 Cleveland Elec Ilium com— 85,800 Colon Development Co Ltd.Is 6,200 6% convertible preferred £1 77,500 Colorado Fuel & Iron warr 43,950 Colt's Patent Fire Arms Mfg 25 Columbia Gas & Elec Corp— 5% preferred 100 10,750 313,600 Columbia Oil & Gas com..... 1 175 Columbia Pictures Corp * Commonwealth & Sou Corp— W ait ants 367,100 8,875 Commonwealths Distribut—1 3,350 Dec. 1 1939 STOCKS 5,850 23,900 11,700 26,400 16,675 900 1,700 4,400 2,100 YEAR Jan. 3 1939 Shares RANGE FOR Price YORK CURB EXCHANGE Months 6 , 17# Dec. 13 Sept. 18 #g June 22 14 35 23 Jan. Dec. 23 # Jan. 20 13# Apr. 11 17# Dec. 13 37 30 37 30 Conn Gas & Coko Security— S3 preferred * 1 13,400 Consolidated Biscuit Co 58,150 Con Gas E L & P Bait com—* 25 - 1,200 4,700 4 # % series B pref 1,910 100 1 50,400 Consol Gas Util com 18,400 Consol Min & Smelt Ltd——5 40 4,400 1,350 4,300 160 100 3,300 490 100 2,000 24,700 Cons Retail Stores Inc com—1 490 8% preferred— 100 10 15,500 Consol Royalty Oil 123,800 Consol Steel Corp common—* 4,100 Cont'l G & E 7% pr pref...100 1 8,000 Continental Oil of Mexico 58,100 Cono Roll & Steel Fdy com—* 7,710 Cook Paint & Varnish Co— 600 3,100 800 3,800 12,400 200 1,300 70 7,100 700 Cooper Bessemer Corp com. S3 prior preferred Copper Range Co Copperweld Steel com— Cornucopia Gold Mines Corroon& Reynolds $6 preferred A 3,340 176,600 Cosden Petroleum com 5% preferred 22,980 81,000 6,700 36,550 80,500 24,500 18,300 5# 6# o 72 Sale Sale 2X Sale 81# 118# 117 1 IX IX 37 Sale 36# 3X 80 117 # 59% Sale 59 # Sale 3X IX 6% 81# IX Sale 84 IX % ^ 6 Sale "2# Dec. 30 3# Sale 79# Dec. 23 81# 117# 117# Dec. 20 118 Sale 1 Dec. 16 1# 8 39 37# 35# Dec. 3 3X 3# 3 96 9# 7% * 9# 8# 8# Sale _ 5# 5# — nlV' 70 1 6X 6 Sale 99 X 7 9X 9X 5X 16# IX 75 71 IX 6X 10 Sale" 1# 5# IX Sale a 23 IX X 7X 9X Sale 5X Sale 2 94 ** 7 9# 1# Sale 97 > Sale c 10 8# 9# 25# Sale 4# Sale 16# Sale # 1 1# 2 72 Sale 10# Dec. 20 Dec. 20 "I# Sale" 11 Dec. .1 Dec. 30 Dec. 6 Dec. 4 Dec. 9 3# Dec. 7 20 11 96 1# Dec. 11 Dec. 1# Dec. Dec. 21 Dec. 4 16 Dec. 16 Dec. 8 Dec. Dec. Dec. Dec. 8# 22# 4# 16# # 1# Dec. Dec. Dec. Dec. Dec. Dec. 6 21 8K 27 9# Dec. 29 22 9# Dec. 13 8 13 12 28 26 Dec. 30 5# Dec. 4 17# Dec. 14 #Dec. 28 6 2 Dec. 6 Dec. 23 1# Dec. 27 9 Dec. 27 72 Dec. 6 1# Dec. 10 Dec. 1 6 Courtaulds Ltd 1,500 12,400 3,700 11,200 200 5,400 2,000 4,900 264,100 65,400 73,200 2,000 27,100 12,900 500 600 10 200 6,750 720 15,600 600 9,000 100 600 1,200 1,300 Crowley Milner & Co 23,500 5,100 55,800 5,210 127,950 10,100 25,700 25c Daroy Petrol Corp Davenport Hosiery Dayton Rubber Mfg .5 * 1 Class A _35 1 common 1 * 6,100 Detroit Gasket & Mfg Co 1 20 1 6% preferred w 10 Sale Sale IX Sale IX w_. Detroit Gray Iron Fdry com. Detroit Mich Stove Co 400 500 2",000 1 1 * 49 \4M 50 2# 54 110# 16 25 7 7X 15 Sale 27 Sale i* Sale a** 2 7# 14# 2 2# 30 Am dep rets ord reg... £1 1,900 87,400 Divco-Twin Truck Co com—1 1 5,900 Dobeckmun Co common 275 Dominion Bridge Co 20,400 Dominion Steel & Coal B —25 20# 4# 16 15# 23 1,200 20 3,600 625 200 4,100 3,300 11,400 7,700 5,950 11,600 275 2,800 750 1,800 13,400 Driver Harris Co 50 7% preferred 29,050 3,875 5,400 59,500 21,700 204,700 89,500 77,800 51,375 3,300 30,400 6,650 10,350 For footnotes see 10 common Duke Power Co 1 100 Durham Hosiery cl B com—_ Duro-Test Corp common _ * 1 Eagle Picher Lead Co.. Eastern Gas & Fuel Assoc 6% preferred 4#% prior preferred 10 * 100 100 Eastern Malleable Iron Co..25 Eastern States Corp com $7 preferred series A. $6 preferred series B___ page 53. 12 3# 2# 3# Sale 4# 17# 15# 25 Sale 5 Sale 1# 2 8# 15# 4# Sale 16# 17# 18# Sale 29# Sale 7# 7# 5 4# 2 1# Sale Sale Sale 45 40 10 10# 16# 1X IX 1# 22# 18 10# 16# 1# i# 1# 1# 1# 24 _ * * 2# Dec. 11 54 Dec. 110# Dec. Dec. 1 1 3 Dec. 19 8 55# Dec. 1 110# Dec. 6# Dec. 30 7" 4 4# Dec. 29 Dec. Dec. 16# Dec. 17 16 19# Dec. 22 29# Dec. 30 7# Dec. 16 Dec. 23# Dec. 6# Dec. 4# Dec. 1# Dec. Dec. 14 14 Dec. 1 1# Dec. 8 5 50 10# 17 Sale n Sale 10# 16# 1# 1# 1 Dec. 20 Dec. 19 4 Dec. Dec. 11 Dec. 21 22 3 29# 1# 28# 1# 29# 1# 29# Dec. 1# 31 30 10# 16# IX 1# 1# Dec. 26 Dec. 19 6 Dec. Dec. 28 7 Dec. Dec. 7 21# Dec. 27 23 r25# Dec. 27 z25# Dec. 27 9# 12# 7# 5# 19 Sale 6# 12# 7# 4# 14# 8 5 12# Dec. 7# Dec. 8 12 12# U# 12# 11# 12# 11# Dec. 2J# 4 18 4 1 Dec. 27 6# Feb. 24 84# Aug. 1 6 2# Apr. 86 84 Jan. 100 # Mar. 4# Aug. 8# Sept. 29# Dec. 18 11 Apr. 11 Jan. 26 June 30 Apr. 10 Sept.12 1# Sept. 1 70 Aug. 23 # Mar. 31 4 Apr. 1 4# Sept. 14 16# June 30 4# Aug. 23 # Dec. 26 1# Dec. 29 1# Apr. 10 6 Sept. 21 6 Dec. 12 7# July July July u* Sept. Feb. 4 Apr. 7 Apr. 21 13# Jan. 24 June 19 1 Aug. 24 X July 12 Sept. 5 22# Nov. 15 17 Mar. 22 9 Jan. Mar. Dec. July Aug. Feb. Sept. 45# Sept. 7# 18# 19# 30# 8# 6# 2# 12 19# 67# 75# 21 27 79 76 28# 29# 77 Sale 76 27 110 1# 65 IX Sale 68 2# 1# 75# Dec. 10 31 1 Dec. Dec. Dec. Dec. 12# 2# Sale Sale 3 Sale 12 Sale 20 Sale 19 Sale 24# Sale 40 Sale 43 Sale Sale 9 17# 17 19 31# Dec. 29 10# 2# 17# 38# Sale Sale # 14# 14# 4 11 110 11# 14# 1# 1# 20 Dec. Dec. 27 1 Dec. Dec. 28 Dec. 14 2 Dec. 2# 6# 1 Dec. 1# 75# # 2# 6# # 15 Sale # 17# X '/ Sale 17 Sale 28 Dec. 11 1# Dec. 19 79 Dec. 1 Dec. 8 14 2# Dec. 27 8 7# Dec. 21 2 12# Dec. 3# Dec. 11 27 23 Dec. 11 19 48# Dec. 12 Dec. 29 11# Dec. 6 Dec. 7 4 19# Dec. 7 1 19 7 # Dec. 14# Dec. 14# Dec. 4 1 Dec. Mar. 22 Nov. 24 21# Feb. 21 8# Dec. 8 9# Mar. 31 Dec. 27 Jan. 27 14# Sept. 11 May 10 5# Nov. 6 83 Oct. 21 26# Aug. 15 8 Aug. 25 77# Dec. 14 1# Sale 75 77# % 1 2# 2# 6# 6# Nov. 22 17# Aug. 3 2 Sept.11 2# Jan. 4 2# Sept. 11 31# Jan. 5 29# Apr. 26 1X Nov. 17 4 13 Sale Sale 1# 2# 6# Sale 7 5 Dec. 4 29 22 27 15 23 6 5 11 30 64 5 65 18 28 7 4 4# Jan. 56# May 29 111# Aug. 30 1# Sept. 6 8# Sept. 11 Aug. Sept. Sept. Sept. Apr. 14 Jan. 1# Apr. 29 28 Sept. 11 9# Jan. 16 # Mar. 3 3 Jan. 21 3 Feb. 17 11 July 31 Nov. 20 23# Apr. 5 Apr. 4 Aug. 29 1# Aug. 26 35# June 15 1 26 Sept. 25 Sept. 25 Sept. 8 Nov. 21 June 12 Mar. 15 90 Mar. 15 2# Sept. 6 13 Sept. 5 Jan. 3# July 14# Jan. 9 July 13# 27# 8# 18# 1X 3# # Aug. 2# 45# 107# 1# 4 12# Dec. 4 3# Apr. 27 12# Dec. 8# Dec. 6 Dec. # Sept. 9 13# Sept. 27 4# 15# 3# 10# # 14 3 Jan. Aug. 17 1# Sept. 11 8# Sept. 11 98 Mar. 1# Jan. 3 Apr. 60 6# Duval Texas Sulphur 1# Dec. 18 17# Dec. 30 22 Dec. ...100 Dubilier Condenser Corp 7# Dec. 20 Dec. Sale 7# * 40 Dominion Textile Co com 200 Dominion Tar & Chemical.._* * 1 2 14 Sept. 21 121 # June 22 # Apr. 12 1# Oct. 13 Jan. 4 35# Dec. 8 60 10 1# v 7# Dec. 29 23# Dec. 11 7 5# Dec. 5 # Dec. 2# Dec. 26 1 39 5 3,105 Draper Corp 1 27 23 26 29 12 17 6# Sale 7# 14# 10 * — Dec. Dec. Dec. Dec. Dec. Dec. Dec. Sale 10 100 ,7% preferred 2,675 Diamond Shoe Corp com 800 Distilled Liquors Corp 210 IX 1 6# 21# 5# X 1# 1# 6# Jan. 7 3# . Detroit Paper Products 22# Sale 5# Sale # Sale 1# 2# 1# Sale 7# 7# 2# Dec. 30 71 111 Apr. Distillers Co Ltd—• 5,000 Sale #6 17# Sale * Detroit Steel Products 200 De Vilbiss Co common """25 ik 6# 5X X * 5 Dejay Stores Inc common Derby Oil & Ref com A conv preferred 210 3,200 33,000 10,300 10,800 16,800 Sale Sale Sale 3# Sale Sale 3 com Crown Cent Petrol (Md) Crown Cork Internat cl A— Decca Records Sale 2% 9X - 250 Curtis Lighting Inc com 950 Curtis Mfg Co (Mo) 400 2,800 6# 23# 7# X com 7% conv preferred 25 .1,880 3,300 Crystal Oil Ref Corp com * S6 preferred —10 1,100 * 5,300 Cuban Tobacco common * 41,300 Cuneo Press com 6 X % preferred. 100 1,360 """200 3,100 dep rets for ord stk reg 46,000 Crown Drug common 1,900 125 Am Creole Petroleum Crocker Wheeler Elec MfgCroft (The) Brewing Co Jan. * Dec. 28 5# 94# X 6# 8# 70 10 Jan. * Jan. 19 July 17 62 Apr. 19 10 Apr. Aug. Apr. Sept. July Dec. 105# 1# 61# # 2# 5 8 33# Oct. 25 Dec. 11 19 110 1 # Mar. 11 1 79 Dec. 8 1 2 Jan. 6 25 14 5# Jan. 7 Mar. 31 7# Apr. 11 1 Apr. 25 6 Apr. 8 9# Sept. 9 16 June 15 14# Sept. 6 5# Sept. 12 25# Sept. 13 48# Dec. 12 5# #6 10# 10 Apr.) June Apr. Aug. 24 24 10 29 14 24 12 Oct. a# Sept. Sept. Sept. 13 8 8 8 u NEW YORK CURB EXCHANGE AGGREGATE SALES Shares 6,700 400 6,700 141,400 7,000 2,200 1,050 400 900 2,800 1,500 50 4,000 1,700 1,250 9,200 1,800 230,100 17,500 16,650 54,600 10,400 """200 1,100 98,200 4,960 380 300 1,100 21,900 1,625 6,800 7,500 510 300 5 Ask Bid 3 54 Sale Dec. Bid X Ask Bid 3% 3X 354 18 "I 154 154 Sale * * 66 60 Sale Sale Electric Power & Lt 2d pf A__ * 26 Sale 17 IX 7% 6654 5654 Sale Sale Sale 154 754 6654 Saie Option warrants... Electrographic Corp com.----1 Electro] Incvtc -1 Elgin National Watch Co—15 Empire Dist Elec 6% pref-.lOO Empire Gas & Fuel 7% pf-100 8% preferred 100 6% preferred .100 654 % preferred 100 Empire Pow Corp part stk—* Emsco Derrick & Equip Co—-5 Equity Corp common 10c $3 conv preferred 1 Esquire Inc 1 Eureka Pipe Line 50 1 Brewing -.1 Fanny Farmer Candy com—1 Fansteel Metallurgical Corp..* Fedders Mfg Co common 5 Fed Compress & W'ho use—25 Fiat Amer dep rets Fidelio Brewery 1 Eire Assoc of Phila 10 Fairchild Aviation com Falstaff 329,100 Fisk Rubber Corp common— 1 6% preferred 100 18,650 26,300 Florida Power & Lt $7 pref..* 125,150 Ford Motor of Canada cl A—* Class B voting * 4,000 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 30 Ask Sale 1854 154 354 Dec. 12 Dec. 454 Dec. '1 IX Dec. 1 18 1854 Dec. 154 Dec. 834 Dec. 27 Dec. 5 68 5954 Dec. 1754 Dec. 30 234 Dec. 19 Sale 5754 Dec. 6 Sale 15 Dec. 21 434 534 1034 1034 IX Sale JH 154 1634 254 1254 154 20 Sale 2454 Sale 50 59 Sale 67 62 62 64 61 Sale 61 63 3% 18 10 X 7X 21 434 634 Sale 20 Sale Sale Sale 454 Sale 3 1354 "76"" "85" Sale 66 Sale 6754 64 Sale 60 64 X 25 X Sale 61 27 27 Sale 10£ Sale 2354 454 2254 Sale 12 Sale 10 Sale 2554 Sale 2354 754 754 2354 Sale 1254 Sale 654 754 7154 6654 70 1054 Sale 24 1054 Sale 754 Sale 2354 Sale 1254 Sale 6 Sale 4 13 11 51 Feb. 9 55 Sept. 5 13 1 Dec. 1 Dec. 74 X Dec. Dec. 75 73 X Dec. 64 54 Dec. 2554 Dec. 1 74 Dec. 16 10 54 Dec. 29 27 12 Dec. 30 64 71 Dec. 5 Jan. 11 54 Dec. 8 4 .6 11 1 7 Dec. 12 8 2334 Dec, 29 13 Dec. 1 7 Dec. 4 Dec. 21 31 2 Feb. 1154 Dec. 1 954 Dec. 754 Dec. 30 2134 Dec. 15 11 Dec.' 16 6 53 52 454 Dec. Dec. 23 13 4 , 11 Me Dec. 2554 Dec. Ma Dec. 21 .2354 Dec. 27 2254 Dec. 10 11 10 29 28 10 Jan. 24 X Sept. 1 1854 Apr. 6 15 Dec. 1 17 634 Apr. Apr. 50 54-Apr. 14 X June 254 Dec. Dec. 14 64 54 Dec. Dec. 65 71 Jan. 134 Dec. 2554 Dec. Dec. 30 2354 Dec. 21 Sale 54 2554 454 2254 254 Dec. 28 13 54 Dec. 13 Sale 64 X 65 11 59 Dec. 5954 22 h 1034 Mi Sale 7 7 29 7 354 14 54 20 h H) 1 66 Dec. 254 June 29 1454 Apr. 8 7 Sale 5854 71 14 6 Sale 254 .*13 54 ... 30 53,200 9,025 2,325 6,500 Dec. 1 1939 2,703,700 Electric Bond & Share $6 preferred 111,100 35,500 $5 preferred 500 1,630 1939 Jan. 3 STOCKS (ContinuedJ) Par 47,300 Easy Washing Mach class B_* 5,950 Economy Groc Stores com—* 1 70,700 Eisler Electric com 6,750 20,100 8,600 28,000 5,525 1,750 YEAR Price YORK Shares 26,045 13,845 8,355 2,000 2,450 16,900 210,300 12,400 81,200 2,850 7,075 4,225 RANGE FOR PRICES IN DECEMBER NEW CURB EXCHANGE 12 Months December 1939 In Feb. 5 754 X 6954 954 Sale Sale 12 Sale 74 66 Sale 68 99 Sale 93 94 22% Sale 1654 1734 1754 1 854 254 154 254 154 23 24 9 1054 Mb Sale 6754 6854 1554 Sale 4 854 Dec. 4 Me Dec. 67 34 Dec. 26 Dec. 21 Mb Dec. 1 70 Dec. 6 1554 Dec. 28 9 9654 1654 Dec. 1 Sale 108 12 Aug. 24 Sept. 7 2 Oct. 6 Jan. Apr. 10 99 Dec. 1 108 Sale Sale 4 10154 Dec. 9354 Dec. 17 54 Dec. 1554 Dec. 27 1734 Dec. 28 1754 Dec. 1654 1754 254 Sale 154 Dec. 30 12 8 18 71 June 5 8 7454 Dec. 11 Dec. 11 2754 Aug. 7 Nov. 12 Sept. 9 30 Sept. 11 834 Jan. 3 23 Dec. 11 1 Feb. 24 6 16 834 June 2454 Aug. 1454 Nov. Oct. 9 3 6 Dec. 30 5054 1454 16 Oct. 71 2554 Dec. 11 108 5 54 6 1 26 31 2 May Sept. Apr. Apr. Apr. Apr. Sept. 654 Feb. 65 2954 Jan. 20 554 Jan. 5 1454 Aug. 2 254 Nov. 27 35 Nov. 7 56 1 7354 Dec. 11 74 Dec. 9 33 1154 Me Sale 61 62^ 11 % Sale 9 Mar. 2 1234 Jan. 20 7254 Mar. 10 75 2154 Feb. 6 Apr. 54 Apr. 23 34 Dec. 27 334 Aug. 14 1554 June 14 954 654 1854 434 454 Dec. 14 Oct. 28 19 1 10 10' May 1034 July May Oct. 71 1554 Dec. 8 10154 Dec. Jan. 23 Jan. 23 6 28 31 28 12 5 5 Ford Motor Co Ltd— 10,000 300 200 2,200 1,800 8,900 225 200 250 30 2,100 500 2,000 ~7~, loo 100 20 350 100 4,000 610 500 Amer dep rets—Ord reg £1 70,600 1,500 Ford of France Am dep rets— 4,500 Fox (Peter) Brewing Co——5 Proedtert-Grain & Malting— Common --1 17,300 Partic conv 17.950 preferred——15 106,000 Fruehauf Trailer Co 3,000 Fuller (Geo A) Co com S3 conv stock 4,400 4% conv preferred 2,125 130 Gamewell Co $6 conv pref 2,000 Gatineau Power Co com 5% preferred 530 23,300 General Alloys Co 300 175 675 20 300 470 400 200 29,400 300 1,700 30 ■3,200 500 775 1,200 600 4,500 300 1,325 800 - 1,100 700 7,700 4,200 20,200 40 1 * 100 400 2,000 700 1,800 700 1,100 2,200 1,150 14,100 1,600 400 1,500 100 150 1,600 3,500 800 1,400 4,200 28 1054 1754 Sale 254 Dec. 4 154 Dec. 13 234 Dec. 20 Oct. 1 2 16 15 1054 Jan. 654 Mar. 29 17 iJan. 25 954 Dec. 1754 Dec. 2734 Dec. 4 1054 Dec. 19 4 1 1754 Dec. 28 2934 Dec. Feb. 10 Mar. 27 29 Apr. 43 Apr. 8 3 8554 Nov. 3 19 Dec. 5 20 Dec. 12 2554 Dec. 5 2654 Dec. 13 3954 Dec. 5 41 Dec. 26 Aug. 24 1734 Jan. 26 34 Jan. 3 8554 Dec. 19 8554 Dec. 19 83 1054 1/4 154 1754 13 X 18*4 14 1454 1254 1354 1434 36 47 40 "154 15 14 54 1 4 54 Sale 15 Mar. 20 154 Dec. 19 154 Dec. 7 14 X Dec. 11 4 14 54 Dec. 14 54 Dec. 18 1354 Dec. 7 48 1234 Jan. 16 7654 Nov. 6 54 July 5 16 Mar. 13 95 Aug. 17 1254 Oct. 5 19 Mar. 8 Jan. 27 7 5 W* 55* Dec. 42 54 Jan. 1554 "154 "i"54 July 17 Sept. 14 11 47 1 2% 65 54 56 45 60 IX Sale 54 54 154 75 77 49 X 51 J* J* 75 5154 52 5154 Dec. 1 154 6954 51 154 74 73 52 Dec. 20 8 6254 July 9 74 Dec. 3354 Apr. 34 Sept. 154 Apr. 6254 Apr. 28 25 1 1 29 52 Dec. 20 4654 Apr. Dec. 55 34 Dec. 154 Dec. 5 234 Sept. 12 5 7954 Dec. 40 Dec. : Dec. 20 55 7954 Dec. 8 37 54 Dec. 26 34 Dec. 6 154 Dec. 12 70 Dec. 13 Sale 15 Me Dec. 30 54. Sale Sale 42 Dec. iba Jan. X 50 X 25 26 1954 . Oct. 30 26 41 39 1034 Dec. 19 19 July 17 14 19 1554 3854 434 Mar. 9 May 27 Mar. 13 30 1234 Dec. 29 2454 19 2554 3954 24, 13 X Sale 2 — 34.700 Hall (C M) Lamp Co 3,500 Haloid Co 350 Hamilton Bridge Co com— 525 Hartford Electric Light 36,000 Hartford Rayon com vtc 4,210 Hartman Tobacco com 32,450 Harvard Brewing Co 5 5 .* 25 1 * 1 15,700 Hat Corp of Am cl B com 1 Haverty Furniture Cos— Conv preferred 10 * 19,500 Hazeltine Corp * 21,100 Hearn Dept Stores common..5 6,600 6% conv preferred 50 25c 167,000 Heel a Mining Co * 7,900 Helena Rubenstein Inc. Class ^ 4,550 ... 5,000 Heller (W E) & Co common. .2 7% preferred w w_ 25 2,050 7% pref ex-warrants 25 1,050 17 54 Sale 1054 1754 12X — Hewitt Rubber Corp com 5 Heyden Chemical Co. 10 Hires (Chas E) Co class A—_* Hoe (R) & Co class A .10 Hollinger Consol G M 5 53. 10 88 X 8,400 Godchaux Sugars class A * Class B— * 21,400 570 $7 preferred * 56,500 Goldfield Consol Mines 1 * 3,700 Gorham Inc class A com 3,900 $3 preferred. * 13,000 Gorham Mfg Co common—10 8,500 Grand Rapids Varnish Corp..* 40,300 Gray Manufacturing Co 10 4,375 Gt Atl & Pac Tea 1st pref—100 29,850 Non-voting common stock.* 12,450 Great Northern Paper Co—25 45,700 Greenfield Tap & Die com * Grocery Stores ProdCommon 25c 15,500 Grumman Aircraft Engineering 209,600 Corp common -1 9,600 Guardian Investors common .1 25 250,100 Gulf Oil Corp. * 3,230 Gulf States Util $6 pref $5.50 preferred 1,950 * 775 Gypsum Lime & Alabastine..* page 17 21 - 254 Dec. 20 5 134 Dec. zlOX Dec. 12 6 5 28 49 Mb Dec. 30 Oct. 30 8 Dec. 20 1I» Sept. 12 80 Nov. 6 52 Jan. 9 154 Oct. 18 6 254 Feb. 82 Aug. 3 5254 Jan. 18 Rubber— — see 16 19 18 Sale 954 1754 2754 1854 * — For footnotes SX * 6% preferred A 100 2,020 2,410 Gen Water Gas & Elec com—1 $3 preferred * 3,025 * 14,950 Georgia Power $6 pref $5 preferred— * 330 —* 9,150 Gilbert (A C) Co com Preferred * 1,630 * 1,200 Gilchrist Co Gladding McBean & Co * 200 * 226,400 Glen Alden Coal Co 1-5,200 18,100 2,000 18,900 41,600 IX 17 X 11X «1 100 * Warrants 25,700 1,440 Gen Outdoor Ad'v 6% pref-.lOO * 2,700 General Pub Serv $6 pref —* 3,100 General Rayon A stock 1 31,800 General Shareholdings $6 conv preferred * 5,795 General Telephone Corp— S3 conv preferred * 7,000 '"""50 \». Sale . 3,400 Sale 35 X General Elec Co of Great Brit American dep receipts £1 13,900 25,700 General Fireproofing com— — * * 690 General G & E $6 pref B 1 25,100 Gen Investment Co com S6 preferred * 400 General Tire & 90 1 354 ■¥& 99 Dec. 85 54 6 Dec. 7 554 Dec. 37 Dec. 4 54 Dec. Dec. 28 Dec. 15 9554 Jan. 14 105 8 4 854 Dec. 20 Apr. 39 6 July 29 31 Jan. 4 9954 Nov. 28 7954 Jan. 7 65 Jan. 12 8554 Dec. Jan. 5 7 8 354 Apr. 45 Dec. 28 28 ' Dec. 5 Dec. 554 Dec. 7 Dec. 30 Dec. 22 105 103 6X 854 954 '7754 ~78X 9854 9954 554 854 9 Dec. 8 854 Dec. 20 3854 Dec. 13 3734 Dec. 98 Sale Dec. 98 85 54 Dec. 5X 30 554 32 6X 554 3554 4 54 Sale 37 Sale 6 654 38 45 454 5 5 5 Sale 2854 854 28 854 100 954 . Mb 2X 20 154 1654 1854 21 24 M Sale 18 126 6954 3754 7 254 2254 40 102 9254 6 254 854 61 154 X 154 454 854 6 101 6 Sale 954 Sale Sale 10854 111 41 4054 9 854 Sale 104 98 8 105 25 Sale 254 98 8 132 254 9 25 127 Sale 26 8 ilH Sale 3854 24 Me 154 1754 8 Sale Sale Sale 24 97 54 254 654 234 Me 131 10954 44 854 254 16 Sale 54 Me 54 3854 3954 Sale 111 11254 112 109 10754 110 254 254 5 1554 Sale 954 1454 63 54 67 54 154 X 154 54 Sale 454 554 3 54 154 3 54 15 6954 Sale 54 154 7 534 ,54 154 17 2634 132 Sale 4454 854 Sale 20 26 54 Dec. 934 Dec. 7 34 Dec. 100 Dec. 22 Dec. 6 102 6 54 Dec. 28 154 Dec. • 5 Me Dec. 154 Dec. 17 54 15X Dec. 23 54 Dec. 6 5 454 Dec. 21 Dec. 25 15 Dec. 14 2554 Dec. 23 Dec. 7 Dec. 14 954 Dec. 30 5 13354 Dec. 7 54 Dec. 131 Dec. 44 Dec. Dec. 22 9 Dec. 7 Dec. Dec. 111 854 Dec. 254 Dec. 23 254 Dec. 23 108 40 1 1554 Dec. 1734 8 54 Dec. 54 Sale 3654 Dec. 11 Sale 3934 112 54 11154 Dec. 20 112 Sale 14 Dec. 11 Dec. 8 Dec. 28 Dec. 26 654 Dec. 14 Dec. 7 6954 Dec. 5 112 5 Sale 334 Dec. 12 14 14 54 Dec. 67 70 68 4* 19 Dec. 22 1 54 Dec. 1 154 1 h 54 154 654 3f Sale 54 Dec. 21 154 Dec. 18 Sale 6 Dec. 15 15 134 34 154 654 Dec. 7 Dec. 16 Dec. 5 Dec. 28 Dec. 28 6 45 454 Nov. 27 5 Dec. 20 354 Apr. 10 6 Jan. 5 5 Dec. 20 10 10 33 Feb. Aug. 21 16 Sept. 12 E'eb. 2154 Apr. of* June 28 102 Mar. 25 3 154 July 1354 June 20 1954 Sept. 7 Sept. 11 Oct. 7 31 8 Mb Feb. 5 234 Jan. 1834 Sept. 28 27 Nov. 24 Apr. 12 854 Aug. 5 12 54 F'eb. 754 Dec. 12434 Mar. 22 13354 Nov. June 3 119 6954 Jan. 5 11 15 22 26 Nov. 17 Apr. 12 x45 454 Aug. 25 1154 Oct. 18 33 154 May 12 54 2954 10354 9554 454 Sept. Jan. Apr. Jan. Jan. July 2 254 Nov. 15 1 2254 Jan. 3 20 54 Feb. 6 10 4554 Oct. 19 1 26 11254 Aug. 5 11 10954 July 5 July 18 17 154 Apr. 10 854 Jan. 23 154 Apr. 6 61 Sept. 20 34 Mar. 20 54 Dec. 21 1 Jan. 13 4 Jan. 11 654 Dec. 14 Nov. 27 4 Mar. 27 6954 Dec. 5 254 Sept. 27 34 Sept. l2 134 Sept. 14 954 Oct. 2 15 23 2954 554 Sale Sale 29 3 54 19 954 354 754 854 Sale 4% 9 Sale 6 54 454 854 Sale 28 Sale 254 1654 21 Sale 5 854 Sale 634 434 854 2954 Sale 2554 Dec. 1754 Sale 554 17 834 854 16 254 Dec. 21 Dec. 29 654 Dec. 4 54 Dec. 15 4 24 854 Dec. 27 854 Sale 14 41 60 Sale 46 56 46 754 1454 ?54 Dec. 5 19 6 654 Dec. 554 Dec. 12 834 Dec. 16 9 Sale 854 1154 14 854 Dec. 1 15 29 Dec. 1 2654 Dec. Dec. 24 Sale 12 9 Oct. Oct. 954 Jan. Mar. 31 30 Apr. 68 43 Sept. 15 12 54 Dec. 20 1354 Dec. 27 Sale 60 Dec. 68 51 954 Sale 4654 Dec. 15 854 Dec. 29 1034 Dec. 16 Dec. 24 7 Jan. 12 14 354 Apr. 10 9 Sept. 23 3 17 4 18 20 9 2834 Aug. 15 26 Sale 854 m Jan. 5054 Dec. 22 2 954 Dec. 2 1154 Dec. 1234 1154 554 Jan. 2254 Jan. 26 54 Jan. 1534 Oct. 1 68 1 Mar. 14 2 4754 12 38 36 21 1 Dec. 8 Mar. 15 8 2 1134 Aug. 24 5.54 Sept. 1 3 54 Feb. 17 6 X Apr. 11 654 Sept. 26 2354 Apr. 14 1 24 854 23 Apr. Sept. Dec. 354 Dec. 29 2534 Dec. 854 Mar. 15 20 24 Dec. 26 5034 Dec. 22 1054 Sept. 13 1554 July 12 NEW jan., 1940] 45 EXCHANGE CURB YORK AGGREGATE 16,300 7,600 100 1,200 650 ""loo 2,400 400 8,600 15,500 10,500 300 19,100 1,500 700 300 2,300 260 160 910 100 700 300 375 5,600 800 2,500 STOCKS (Continued) 275 Horder's Inc * 1,300 Hormel (Geo A) & Co corn1,000 Horn (A O) Co common *( * 17,225 Horn & Hardart common 650 5% preferred 100 1,400 40 300 Jan. 3 1939 Par Bid 12 15,200 Holophane Co Inc common..* 600 Holt (H) & Co class A part—* 7% Shares YEAR 3,200 Hubbell (Harvey) Inc 5 182,500 HiRnble Oil & Refining .* 52,400 Hummel-Ross Fibre Corp 5 900 Hussman-Ligonier Co .—* 5,000 JHUyler's of Del common 1 9,250 7% preferred stamped—100 500 7% pref unstamped 100 6,200 Hydro-Elec Secur common—* 33,000 Hygrade Food Prod 5 5,550 Hygrade Sylvania Corp— — * 60,200 Illinois Iowa Power Co 117,500 5% conv preferred 50 Div arrear ctfs 84,800 725 Illuminating Shares Co A—-* Imperial Chem Indus Ltd 2,610 dep rets ord reg £1 165,000 Imperial Oil (Canada) * 19,100 Registered -* 24,900 Imperial Tobacco Co of Can—5 16,620 Imp Tob of Gt Brit & Irel—£1 11,500 Indiana Pipe Line 10 1,780 Indiana Serv Corp 6% pref.100 1,700 7% preferred 100 4,540 fnd'polis P & L 6%% pf—100 Indian Terr Ilium Oil Co— 7,200 Non-voting class A 1 Class B stock 1 5,200 1 1,500 Industrial Finance vtc 2,430 7% preferred 100 10 58,000 Insur C o of North Amer 12,000 Internat Cigar Machinery ,'* 52,900 Int Hydro-Elec $3.50pref...50 'A'' stock pur warrants 2,400 _1 68,200 Internat Industries Inc. . Ask Dec. 1 Bid 12% 12% 8% 29 3 1% a?* 31% 3 29 1% Ask 13% highest Lowest Hughest Sale Prices Sale Prices Sale Prices Dec. 13 32% Dec. 13 Dec. 110 t 11 5% j* 8* 9 23% 6% 6 2 '7% Sale Sale 2% Sale Sale 20 56 16% Sale 16% 17 15% 15% 29% 31 6% Sale 11 11 12 Sale 58% 12% Sale 4% 7 12 13 11% 22% 5% 12% 25 5% 7% Dec. 23 % Dec. 13 7 6% Dec. 3 2% 28% Sale 29 2% Dec. 27 1% Dec. 20 28% Dec. 28 103% 1 1 *A 1% 1% % "66% Sale" 23% Sale 18 % Bale 1 Sale Sale 1 , % 10% 69% 21% 13% Dec. 14 14% Dec. 65% Dec. 30 5% Dec. 15 11 Dec. 23 % Dec. 13 7% Dec. 26 ' 2% Apr. 28 14% Apr. 11 1 5 59 Dec. 5 May 18 12% 12% 12% 22% Dec. 11 2 Dec. Dec. 30 4 Dec. 59 58 60 11% 11% 12% 23 5% Sale 12% Sale 24% 6 Dec. 11% Dec. 21 11% Dec. 28 11% Dec. 21 4 22% Dec. 6 5% Dec. Dec. 21 Sale 14% 9% Dec. Sale Dec. 111% 110 111 % 7 1 % 9% 9 70% Sale 21 21% 13% 14 1 29 Dec. 21 Dec. 30 6 15 9 Dec. 12 >68 Dec. 7 21% Dec. 20 12% Dec. 27 Mar. 31 5% Apr. 10 11% Sept. 28 11% Dec. 10% Sept. 19 Sept. 5% Nov. 5% May 14% Dec. 30 8 111% Dec. % Dec. 29 % Dec. 22 54 Dec. 12 1 2% Dec. 27 2% Dec. 29 7 14 8 1 1% % 11% Sale 22% 14 33% Dec. 28 9% Apr. 1 15% Nov. 2" 8 Mar. 17 7% July 24 11% Jan. 5 12% July 10 Sept. 5 Apr. 11 31 3 Mar. 22 Sept. 7 Sept. 6 39% Jan. T 108% Apr. 1 l12 % Aug. 18 14% Dec, 4 9% Apr. 18 Sept. 552% Aug. 24 71 2% Aug. 30 5% Sept. 27 12 Jan. 5 9% Apr. 12 % Jan. 18 % Nov. 8 5% Mar. 31 9% June 24 9 Jan. 18 6% Nov. 24 4% Mar. 14 2% Dec. 27 3% Sept. 8 1% Apr. 10 20 Apr. 10 31 July 26 Dec. 2% Dec. 19% Dec. 4% Dec. 1% 6 3% Dec. 24% Dec. 5% Dec. 1 3% Sale 23% Sale 5% 5% 15 9% 111% Dec.. 8 2 3 2% 28% 24 3% Sale 18% Sale 5% Sale 65% Sale 5% Sale 7' 13 14 110 4 14% Dec. 60% Dec. 13 5% Dec. 26 '% 6 Sale 2 Sale 12" 11 4% 5% 4 Sale 65 Sale 6 31% 2% Sale 33 37% Sale Lowest Sale Prices Dec. 30 ' Ask Bid 14 12% 2 % 1% % 10% 73% 21% Dec. 29 4 Dec. 9 Dec. 6 Dec. Dec. 20 Dec. 19 14 Dec. 100 S 28 21 23 Jan. 17 Apr. 13 Apr. 8 Sept. 1 Apr. 10 6 17* 32", 800 34,100 500 1,800 1,600 800 12,000 200 1,900 10,700 Registered * 28,000 Internat Products common....* 7,000 Internat Safety Razor cl B— 6,900 Internat Util class A Class B 47,900 5,800 $1.75 preferred $3.50 prior preferred 4,600 700 " 5*900 4,900 1,300 325 500 2,550 1,700 2,100 7,000 2,900 150 190 420 6,200 2,500 36,800 76,300 5,600 8,145 21,800 22,300 77,600 11,900 4% Sale 26% 3% 27% 3% % 7% % 16 * * 31% Sale International Vitamin 1 Interstate Home Equip com—1 Iron Fireman Mfg com vtc..* Irving Air Chute common. ... 1 Italian Superpower cl A. * 136,000 Jacobs (F L) Co 22,900 Jeanette Glass Co 1 * Jersey Central Pow & Lt Co— 10,600 5% % preferred 100 4,950 6% preferred.....: ---100 4,800 7% preferred. ...100 100 153,500 Jones & Laughlin com * 3,100 Julian & Kokenge com 178 18* 21% % Sale % 67% 500 100 500 1,500 1,430 57,700 32,750 25,203 1,900 2,800 25,500 68% 4,875 75 400 1,200 100 28,600 2,200 100 2,300 5,300 16,500 37 Sale Klrkland Lake G M Ltd ""355 4,300 2,300 275,000 157,300 19,200 22,200 1,300 3,750 8,900 600 88,800 23,700 2,000 4,500 400 200 500 1,200 25,100 26,810 21,900 1,825 5,000 700 34,200 10 900 1,250 13,700 4,300 1,200 10 2% Dec. 28 Dec. 27 17% Dec. 21 4% Dec. 2 17 3% 18% 18% 5% Dec. Dec. Dec. Dec. Knott Corp common 32 2 2% % 12% 73% 24% 1% 12% 13% 9% Sale 7% Sale 7% 11% Line Material Co.. 12 Sale tyi 2% 1% Sale ik 89% 33% 34 Dec. 6 July 12 Aug. 23 1 Dec. 27 1 Dec. 21 7 Apr. 10 54 Nov. 6% Apr. % Dec. 5 4 Sale 4% Sale % 50% 3 Sale 5% Dec. 4% Dec. 30 6% 11% 5% 12% 5% 12 60 12% 5% 5% Sale 3% Sale 23% 3% 71 15% Sale Sale 31% Sale 10% 17 9 8 % 1 6% 7% 2% Sale % Sale 33% 34% 9% 15 8% "io" "ll" 1% 1% Dec. Dec. Dec. Dec. Dec. 2 19 1 2% Dec. 21 1% Dec. 22 2% Sept. 8 3% Sept. 1% Mar. 14 Aug. 10 Dec. 15% Mar. 3 8 3 10 Dec. 8 8 Dec. 2 8 Oct. 4 95% Dec. 6 54 Feb. 16 July 70% July 10 Jan. 95% Dec. 6 7 11 6 45 Dec. 12 7 5% Dec. 19 47% July 17 13 Aug. 7 51% Mar. 12 Dec. 5% Dec. 7 5 Mar. 31 11% Jan. 23 4% Apr, 11 44% Dec. 2 38 24 1 Dec. 29 19% Dec. 15 3% Dec. 1 71 Dec. 11 8 Dec. 6 7 4% Dec. 71% Dec. 11 10 Dec. 29 57 15% Dec. 5 15% Dec. 5 15 % Dec. 14 6 Sale 1% Dec. 21 54 Dec. 8 SiH Sale Dec. 30 Dec. Dec. 34 Sale x9 1% 29 27 90 9% Dec. 19 6% Dec. 27 Sale 1% Mar. 9 Sept. 7 Aug. 9 Jan. 13 56 Jan. 20 38 Jan. 10 1 % Apr. 10 12 83% Dec. 21 May 24 July 13 Jan. 16 4 8 10% Dec. 19 Dec. 15 1% Dec. 5 7 Dec. Dec. 20 2% Dec. 1 % Dec. 1 Dec. 10% Dec. 7 9 Dec. 4 35 11 18% Dec. 27 5 1% Dec. July 8 19% Dec. 15 2 Apr. 8 Jan. 19 7% Oct. 11 Sept. 29 8% Sept. 29 % Apr. 13 6 Dec. 30 1% Aug. 31 54 June 29 22 Apr. 11 7 Jan. 50% Jan. 16 8 7 4% Nov. 8 71% Dec. 11 *1% Apr. 25 17% May 24 May 15 1% Sept. 29 8% Jan. 13 4% Sept. 11 % Sept. 7 11 25 20 17 Feb. 17 37 Oct. 8 15 Jan 9 17 Feb. Apr. 10 Sept. 11 16% Nov. 4 1% Apr. 12 23 2% Sept. 12 23% May 25% July 27 Jan. 9 22 9 13% Dec. 36% Feb. 24 10% Nov. 14 Aug. 3 42% Dec. 29 22 13 5 1 Sale 9 is* 29 Sale 13 Sale 9% Sale 1% Sale 25% 27 325- 20% Sale 29 Sale 1% Sale 7% Sale $6 pref * Lucky Tiger Combination... 10 5 6 4 98% June Jan. 9 102% June 6 6 86% Jan. 5 107% June 17 Apr. 10 48% Sept. 27 June 26 22% Mar. 27 30 67% Jan. Dec. Sale 11% 3 78 12 6* 10% 11 Dec. 12 12 18 "1% "2% Apr. 14^ Apr. 2% Aug. 25 % Sept. 29 11% Apr. 20 7% Apr. 8 6% Sept. 2 m 10. 13% 16% 9% 24 112% Mar. 22 118% 21% June 7 22 4 6% Apr. 1 7 9 4% Dec. 30 5% 5% Sept. 7 111 ib. 105 Fel 19 % % Sept. 5 6 % Dec. 11 1% Dec. 19 2% Dec. 4 1% Dec. 28 Jan. Nov. 30 »»«Feb. 23 10 % Dec. 14 Sale 4 Sale Sale 4 Jan. 20 Sept. 12" 10 Dec. 30 65 2 7 27 6 18 6 Dec. 19 47% 9% Louisiana P & L Lynch Corp com Dec. 26 117% Dec. 116 65 10 8 4 89 Dec. 28 89% Dec. 7 96 Dec. 28 98 Dec. 7 103% Dec. 29 105% Dec. 31% Dec. 27 36% Dec. 14 8 8 27% Dec. 27% Dec.. 68 60 24 2% Dec. 1% Dec. * . 258,500 Majestic Radio & Tel Corp.. 64,300 Manati Sugar opt warr. 6,700 Mangel Stores Corp com... $5 conv preferred. 540 4,000 Mapen Cons Mfg Co.. 2% Dec. 28 1% Dec. 27 63 1% Sale 1% 13% 10% 7% 11% 4% Jan. 27% Jan. 4% Jan. 3 2% Sept. 26 3% Dec. 20 54 Dec. 11 15% Dec. 21 17% Dec. 12 54 Dec. 29 11 89 1% 2% 1% 11% 26 4% Jan. 6 11% Nov. 20j 13 32 86% Dec. 19 84% Sale 1% 10% .. Mar. 29 2% Sept. 1 1% June 15 13 92 25 Aircraft.... 3 1 7% Dec. 10% Dec. 29 Sale 14 11 16 1 20' 1 ll Dec. 83^ 82% 14 * Sept. Sept. Nov. Aug. Dec. 2% Sept. 6 4% Apr. 19 Sept. 8 3% Apr. 10 % Oct. 30 6 15 Apr. 16 7 28 24 6 27 4 17% Dec. 39 1 Long Island Light common. 7% preferred series A_—100 6 % preferred series B 100 Loudon Packing Co com— Louisiana Land & Expl com.. 1 33% Sale h 1% Sale 32 H 33% „ 29 % Sale 1 % 1% 30 * 19% 5% A 'A Sale 2% % 21 6 * 12% 28% Sale 10 8% Sale 1 % 32% 42% Sale 39 39% 29% 1% 1% 1% 5% 4% 103 100% % a Sale 25 13% 29% % % 1% % % 1% Sale 10?* 25^ 98% 100% .... 17% A 47 11% ... For footnotes see page 53. 16 Sale 5 - Lipton iThos J) class A 6% preferred Lit Brothers com Lockheed Sale 17 94 * .... Lehigh Coal & Nav Leonard Oil Development--.25 Le Tourneau (R G) Inc Lone Star Gas 3 3% 7% 7% 10% Sale 4% Sale 54 Sale % 92 68 Sale 1 * - Nov. 28; 3% Dec. 13 2 7% Dec. 1 Dec. 6 4% Dec. % Dec. 11 17% Dec. 11 6 18% Dec. 54 Dec. 21 32 100 Lefcourt Realty com Convertible preferred June 27 Dec. 27 19 34 20 2% Sale Koppers Co— 6% preferred... 100 Kresge Dept Stores— 4% conv 1st preferred-. .100 Kress (8 II) & Co spec pref.. 10 Kreuger Brewing Co 1 Class A Class B June 27 34 18 116% 120 21 5% Sale 6% 6% 64 2 1 1 Feb. 23 Oct. 17 Dec. Dec. 32% 88 91 Sale 33 9% * com 8 8 % Feb. 25 Mar. 3 % Jan. 6 20 July 18 39% July 18 'is May 25 4% Feb. & 8 Oct. 25 14% Mar. 23 7% Aug. 2 % Mar. 8 19% Oct. 19 22% Sept. 27 54 Mar. 9 % Dec. 8% Dec. % Dec. % Dec. 8 % Dec. 16% Dec. Sale % Marconi Internat Marine— Communication Am dep ret. 2,100 200 %. % 8% 9% % Sale Sale 20 Klein (D EmilV Co common. _* Kleinert (I B) Rubber. -10 525 Loblaw Groceterias class A— Class B 225 17,700 Locke Steel Chain Co. 1,226,800 157,110 129,600 9,625 27,050 14,500 246,900 1,470 16,300 11,000 89% Sale Sale 115% 120 1 84,000 Lakey Foundry & Machine.. 1 330 Lane Bryant 7 % pref 100 11,900 Lane Wells Co common Langendorf United Bakeries— 275 250 2% 1% 6 1 1 770 Lackawanna RR N J 177,000 Lake Shore Mines Ltd 50 17% Sale % 87 500 Kobacker Stores Inc 800 17% 17% % 97 7 5... Kingston Products Kirby Petroleum.. 3% Sale Sale 104% 5% 8% 3,100 5,300 7% 4% Sale 1% Sale 113% 920 %« 16% 33 * 11 5 24,800 Kennedy's Inc.-. 3,200 Ken Rad Tube & Lamp cl A. * 100 Key Co common..... ——* 420 Kimberly-Clark 6% pref—100 7,280 Kingsbury Breweries com.—1 Kings County - 3 5% 50 40 10 % 9 2% Sale 17% Sale 17 18% 4% 5% 2% Dec. Warrants "2,255 1,000 2% Sale 18% Sale 18% Sale 4% 4% 27% Sale 230 Kansas G A E 7% pref 100 30 Keith (Geo E) Co 7% pref. 100 300 WrfwTW '~2% "~2% "f% Sale * 1 Interstate Hosiery Mills .....*, Interstate Power $7 pref.....* Investors Royalty Co 1 Sept. Feb. 16% Mar. 15 16% Ju'y 26 Jan. — 6 5 - 625 Internat Metal Indus cl A * 222,200 Internat Paper & Pow warr— * 246,500 Internat Petroleum com 17 Dec. 59 7% 6 15% Apr. 19 17 Apr. 12 112% Mar. 31 Feb. 6% Feb. 14 Dec. 29 6 4% Jan. 25 • "8,800 1939 Price NEW YORK CURB EXCHANGE 12 Months December 1939 8hares 400 RANGE FOR PRICES IN DECEMBER SALE& In ^ Sale 1' 1% & Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 37 43 31 35 1% Dec. 35 Dec. 27% 30 26% 26% 26% Dec. 4% 7 1% Jan. 9 10 Apr. 8 18% Aug. 7% Apr. % Apr. 13% Dec. 32% Dec. 10% Dec. 14 Dec. 14 1 42% Dec. 29 39% Dec. 29 8 1% Dec. 1 6 Dec. 100% Dec. 14 5 % Dec. Dec. 2 % Dec. 1% Dec. 1% Dec. 26 Dec. 19 2 39% Dec. 29 2^ Sept. 5 Jan. 5 103% Aug. 7 Aug. 31 Jan. 4 34 mW, 2 29 Jan. 19% Jan. 1% July 4 Aug. 23% Apr. % Dec. 27 Jan. 3 1% Apr. 14 35 16 25 Mar. 18 26% Dec. 23 19 Feb. 17 4 Oct. 10. 3 2% 2% 40% 27% Sept. 23 Sept. 7 Oct. 26 Oct. 27 Nov. 22 6% May 25 NEW 16 December 12 RANGE FOR PRICES IN DECEMBER CURB Months 1939 STOCKS 2,500 29,300 5,500 22,700 20,450 Par Dec. 1 16 com— _ Mass Util Associates vtc * 1 Massey Harris Co common—* Master Electric Co 1 May Hosiery Mills— $4 preferred 1,100 * 10,600 McCord Radiator & Mfg B._* 55,200 McWilliams Dredging com—* * 9,975 Mead Johnson & Co com 5 29,800 Memphis Nat Gas com 6,285 Mercantile Stores Co--- 10,800 2,375 67,400 2,950 3,900 230,300 7,900 * 1 Merchants & Mfrs class A * * 100 Participating preferred Merritt Chapman & Ask Bid * (Continued) Margay Oil Corp Marion Steam Shovel Scott 65*% A preferred Common stock pur warr'ts.. Mesabi Iron 1 Metal Textile Corp com 25c 570 Participating preferred 15 Metropolitan Edison Co— 225 $6 preferred * 4,200 Mexico-Ohio Oil Co 45,200 Michigan Bumper Corp 1 53,300 Michigan Gas & Oil Corp 1 2.50 8,100 Mich Steel Tube Prod 15 3 19 4H 2 Sale 2 5* 7 5* 17 % Sale 2** 5 27** 26 Ask Highest Lowest Sale Prices Sale Prices 15** 18** 2** Sale 2** 25* 25* 25* 45* 5 4** 23** Sale z22** k Dec. 21 Dec. 6 Dec. 16 Dec. 20 3** 25* 5** 275* Dec. Dec. Dec. Dec. Highest 14** Aug. 18 July 12 8 \ 2*| 2 6 3 6 145* 5 Feb. Sept. Apr. 4 1 13 Sale Prices 17 Mar. 2 55* 25* 75* 285* Sept. June Sept. Nov. 27 29 12 29 May 29 555* July 6 Apr. 8 35* Sept. 0 17 Jan. 4 Sept. 5 125 Jan. 28 1695* Dec. 21 5 July 18 35* Jan. 30 Oct. 21 14 Apr. 19 23 53 Sale 2 165* 17 130*3 133 35* Sale 16 17 5* 45* 2 Sale 7** Sale 15* 2 7** Sale 157 163 159 165** 159 45* 4** 45* Sale 45* 16 16 Sale 16** 195* 3** 55* 15* 8** 3** Sale 3** 45* 4 4** 45* Sale 4** 5* 1 30** 5* 2** Sale 15* 38 % 254 38' 42 2** 38 2** 41** 2** Dec. 15 95* Dec. 19 Dec. 2 1695* Dec. 21 5 Dec. 13 Dec. 18 Dec. 30 175* Dec. 5 Dec. 16 Dec. 11 3** Dec. 2 28** Dec. 11 4** Dec. 27 Dec. z65 Sale 64 5* 5* 2** 375* 7 Dec. Dec. Dec. Dec. 16 23 29 21 35* Dec. 19 Dec. 7 45* Dec. 12 71 Dec. 5 ** Dec. 29 5* Dec. 7 29 • 3 Dec. 12 38** Dec. 20 1 7 Oct. 3 ** Sal* 2** 8 8 1 85* Sale 5 7** ** 3 *7*i ""§** Dec. Dec. Dec. Dec. Dec. 6 14 12 29 14 % Dec. Dec. 5 Dec. 8 Dec. 5 Dec. 16 ** Aug. ** Dec. 55* June k Feb. 25* Jan. Dec. 27 5* 1/a 5* 75* % . _ 5* 4** % 5** 4** 5* 7** 45* Sale Sale 4** Dec. 13 5* Dec. 7 75* Dec. 23 5 Dec. 26 5* Dec. 11 85* Dec. 6 25* Sept. 1 5*5Apg. 28 55* Apt. 10 5 45* 55* 4** Dec. 29 5** Dec. 12 25* Apr. 4** 55* Jan. 6 7 29 Dec. 65* 77 5* 15* 35* Jan. 9 Jan. 9 7 6 Nov. 14 41 Nov. 13 8 1005* % 27 5* 24 25* 14 30 95* 2% 17 75* 7 4** Sale % ^ H 7*1 Sale 3*1 --10 5*6 5*6 5* 7** 5* £ g i* 5* 2 5* 7*3 5* 27 Apr. 21 Aug. 24 50 J Sept. 1 5* May 1 5* July 31 1 Apr. 11 325* Apr. 25 25 93 5* Apr. 113,600 Michigan Sugar common.— Preferred 18** Sale 25* 4** Lowest Sale Prices Dec. 30 Ask Bid Bid — 8,300 1939 Jan. 3 EXCHANGE 1939 Shares YEAR Price NEW YORK In EXCHANGE CURB YORK AGGREGATE SALES Jan. Sept. Sept. 1 May 15 Jan. 4 Jan. 4 Sept. 25 Sept. Sept. 6 0 Middle States Petroleum— Class A v t c new --1 45* Sale 45,800 Class B v t c new --1 5* % 56,700 Middle West Corp common-.5 75* 75* 115,200 Midland Oil Corp— 35* 45* 3,150 $2 conv pref.. * Midland Steel Products— 14** 15** $2 non-cum div shares * 7,500 Sale 103 10,925 Mid vale Co 2 50c 8,700 Mid-West Abrasive Co Sale --10 45,600 Midwest Oil CO11 12** 90.Q| Midwest Piping & Supply Co * 3,000 Mining Corp dfYJSft39** 40** 43,150 Minnesota Min & Mfg Co____* 200 Minnesota P & L 7 % pref 100 1,090 Miss River Power 6% pref-100 3 3** 15,500 Missouri Pub Serv common _* 14 14** 29,700 Mock Judson Voehringer--2.50 __ 175,200 9,500 60,200 8,500 1,400 13,420 10,150 2,925 11,000 700 277,250 67,100 900 720 15,300 16,200 1,600 130 Molybdenum Corp Monarch Mach Tool Co com-* Monogram Pictures com. 1 Monroe Loan Society cl A 1 Montana Dakota Utilities.-.10 Montgomery Ward & Co A-_* Montreal Lt Hb & Pow com-.*| Moody's Investors partie prer_* tMoore (Tom) Distillery Co_-l Mtge Bank or Col Am Shs Mountain City Copper Co__5c Mountain Producers Corp—10 tMountain States Pow com..* Mountain Sts Tel & Tel..-100 Murray Ohio Mfg Co — Muskegon Piston Ring 2.50 Muskogee Co common 6% preferred 100 1st preferred 7% preferred England Pow Assn com. 6% preferred-100 $2 preferred * 2,550 New Engl Tel & Tel Co 100 * 12,300 New Haven Clock Co com * 23,000 New Idea Inc common 25 70,425 New Jersey Zinc.. 1 37,800 New Mexico & Ariz Land 10 44,800 Newmont Mining Corp * 900 New Process Co common. * 2,700 N Y Auction Co common 425 City Omnibus warrants.. N Y & Hond Rosario M 10 N Y Merchandise Co com.. 10 N Y Pr & Lt $6 pref 7% preferred 1 4,290 616,000 16,710 1,250 Class A warrants 53,300 ClassB warrants II,800 54,400 Niagara Share Corp class B..5 Class A preferred 460 100 * 83,400 Niles-Bement-Pond com 1 3,300 Nineteen Hundred Corp B see page 53 1** 2** 2 , 65* 160 39** /*! 6** Sale 5 5** 26** 5* 7** Sale 28** 26 k Sale 4 % 2** 65* 55* Sale ** 4** 5** 4** 26** 5* 3 2** 65* 7** 159** 22** 255* Sale ** 27** % 12 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 11** 16** Sale Sale 10** 15 105* 16** 105* 165* 75* 7 li 5** 5** 5* ..5 14 8 55* Nov. 30 7 12 4** Dec.. 115* Dec. 16 55* Dec. 275* Dec. 20 28 5 14 8 2 25* Dec. 75* Dec. Dec. 235* Dec. 265* Dec. ** Dec. 8 30 i? 37 80 Jan. 14 Mar. 2 Jan. 12 7 Dec. 7 *95 Apr. Sept. 22 117 2 65* 35* Feb. 145* 9** Apr. 11 110 June 30 8 Apr. Dec. 28 Oct. 23 6 Oct. 4 ** June 55* Apr. 35* Aug. 45* Jan. ** Mar. 1225* Apr. 65* Apr. 95* Apr. 7 May 2 6 24 5 27 Nov. 29 Aug. 3 Feb. 28 75* Sept. 5 Oct. 29 35* 25* 75* Sept. 30 1725* Oct. 18 245* Apr. 1375* Dec. 18 11 Jan. 595* July % Aug. 21 45* Dec. 5** Dec. 9 Jan. Sept. 10 147 2 1695* 20 905* Aug. 5* Apr. 65* Sept. 35* 145* ** 15* 55* Dec. 1 185* Sept. 27 1245* Sept.11 Jan. 12 lil 4 28 Jan. 18 Sept. 7 Dec. 26 May 31 June 20 July 25 Nov. 21 July 15 75* Sept. 5 Nov. 20 6 15* July 6 1375* Dec. 11 125* Oct. 29 18 26 12 85* 10** 11** Sale 8 5*6 .Sale Sale 10** 11 85* Sale ** Sale Dec. 15 1 Dec. Dec. 29 115* Dec. 165* Dec. 1 Dec. 6 Dec. 28 825* Dec. 19 69 Mar. 17 825* Dec. 19 7 Dec. 13 7 5 Apr. 19 Apr. 11 5* Dec. 23 27 Dec. 26 115* Dec. 7 95* Jan. 20 5* Sept. 15 28 Dec. 18 28 9** Sale 11 Dec. 18 Dec. 12 1145* Dec. 30 Dec. 28 \X Dec. 29 2 Dec. 12 75* Dec. Dec. 21 10** Dec. 21 1~ Dec. • 7 DecT"7 59 Dec. 8 JDec. 12 Dec. 7 Dec. 13 x95 Dec. 11 116** Dec. 11 35* Dec. 5 Dec. Sale Sale 136 Nov. 14 28 10** Dec. 22 8 Dec. 1 10 Dec. 26 1 115* Dec. 9 5*6 Dec. 26 ** Dec. 23 27 28 Dec. 18 75* Sept. 13 40 7 Sale Sale 33** 735* Sale 60 Sale 145* 15** 415* 43 8** Sale 125* Sale 3** 35* 46** 95* 12** 43 43 45 87** Sale 55* 50 55* 55 10** Sale 16 Sale 465* 10** Sale 3 3** 155* Dec. 43 Dec. 8** Dec. 12 ■ Dec. Dec. 945* Sale 3 35* 45* Sale 855* Dec. 51 52 10 60 10** Sale Sale 8** ~ 2** 1** 145* % 6 11 Sale Sale Sale 12** 9** 9* 15* Sale TO 12 % o Sale 4 165* Dec. 22 2 47 Dec. 19 10 Dec. 14 1 11 35* Dec. 13 44 45 Dec. 6 45 1 955* Dec. 28 35* Dec. 22 2 55* Dec. 6 55 Dec. 11** Dec. 13 2 Dec. Dec. 18 Dec. 21 Dec. 28 Dec. 12 Dec. 6 8 1 125* Dec. 35* Dec. 21 7 4 6 11 4 15* Dec. 5 5* Dec. 105* Dec. 27 6 9** 15* 5* 125* Dec. 12 Dec. 27 Dec. Dec. 6 8 Dec. 28 10 Jan. 11 4 5 26 335* Jan. 23 5 May 3 115* Apr. 11 25* May 2 285* Apr. 11 48 115** 117 114** 117 Sale 67 Sale 5** 6** Sale 7 5 Sale 1 Sale 56 115** Dec. 555* Dec. 1155* Dec. Sale Sale 5* 5** 5* 6 1 Jan. 6 Aug. 15 3 117 Dec. June 24 9 Jan. Dec. 5 Dec. 30 6 6 Dec. 26 75* Dec. Apr. 12 Apr. 22 1 Dec. Jan. 1 Dec. Dec. 23 6 20 Nov. 18 55* 65* 605* 175* 65* 95* 2 5* 15* 155* 5* Jan. 24 46 96 Apr. 11 Sept. 5 Aug. 21 Oct. Nov. 14 11 3 30 105* Oct. 17 Aug. 3 47 Dec. 19 105* Sept. 27 14 Sept. 27 11 Jan. Oct. 17 Dec. Apr. 10 Aug. 24 Aug. 18 Sept. 7 69 5* Dec. 19 5* Dec. 23 8* Apr. Mar. 31 Sale Jan. jNov. 5 15 Jan. 4 Sept. 5 Oct. 9 Dec. 27 Jan. Jan. Feb. Jan. Oct. 19 12 27 9 24 Dec. 29 69 845* Aug. 18 65* Oct. 21 8 Nov. 20 1 June 10 35* Mar. 24 Sept. 27 ft" Sale 215* 104** 108** Sale 14** Sale 13** Dec. 20 145* Dec. 72 Sale 72** 72** 71** Dec. 29 76** Dec. •23 24 265* 275* 121 Dec. 13 125 Dec. 124** 127 1235* 125 6 h Sale 125* Sale 65 _15* 78 23 Sale 1** 675* 26 « 17** 25 2** 19 Sale 85* 75* Sale 100 25 25* 15** 25** 75* 7 Sale 665* 12* 62 Sale 12** Sale Sale Sale 10** 8 Sale 82 Sale 5** Sale 5** 18** 65* 8** 1** Sale 85* Sale 70 73 69** Dec. 28 33 30 3 18 27 8** 12 6** Sale Sale 65** Sale 5*6 ** 1 1 ** 5** Sale 62 85* Vs Dec. 21 71 ily> il* 26 75* Sale 8** 11** 5** 215* 55* 55* 225* Sale Sale 12 5*6 ** 5* 1 55* Sale 64** Sale 1 66** Sale 9 Sale 1 Sale 6 Dec. 135* Dec. 675* Dec. 15* Dec. 8 71** Dec. Dec. 28 30 Dec. 25* Dec. 25* Dec. 5 Dec. 11 17** Dec. 12 27** 8 75* Dec. 16 1065* Dec. 15 108 116** Dec. 14 1175* 17 26 12 Dec. 5** 18** 55* 845* 65** 5*6 5* 45* 2 Dec. 1 Dec. Dec. 27 Dec. 20 1 Dec. 4 Dec. 8 Dec. Dec. 21 x91 61 Dec. 27 30 86 4 5 12** Dec. 29 61** Dec. 27 1 117** Sale 100 1 5 N Y Water Serv 6% pref...100 Niagara Hud Pow com 10 5% 1st pref 100 5% 2d pref 100 For footnotes Sale 55* Sale 28** 27 N Y Shipbuilding Co— Founders shares 18,500 13,500 New York Transit 34,200 Nipissing Mines itH 7 100 30,550 N Y S* Sale 3,975 New 8,300 11,125 14,000 3,030 4,280 " Dec. * 5 6,300 Nelson (Herman) Corp 7,600 Neptune Meter class A__-.--* * 10,600 Nestle Le Mur Co class A 100 150 Nevada Calif Elec com 475 17 17** 17** 108 108** 110 114** Sale 1 1 15* .15* 7 7** 75* 75* Sale 105* 11** 105* 11** 10** t I r*r ""TO Sale *56 J* 58** Sale 94 98 95 94** 116** 4 45* 45* 4** Sale 10** 11** 10** Sale 8 2,400 Nachman Springiilled Corp..* 8 83,500 Nat Automative Fibres com_-l 1 ** 162,400 Nat Bellas Hess com 150 National Breweries common. _ * 25 7% preferred 25 * I,700 National Candy Co com 12 -1 23,100 National City Lines com 5,750 $3 conv preferred 50 35** 1 6** 57,800 National Container (Del) * 12** 147,800 National Fuel Gas 35* 8,500 Nat Manufacture & Stores—* 4 30 21,950 National Oil Products National Power & Light— 70** $6 preferred 56,525 * 3,900 National Refining com 5 * 65,300 Nat Rubber Mach com * 58** 10,925 National Steel Car Ltd-. ---* 12** 46,700 National Sugar Refg_ 1,375 National Tea Co 55* % Pr?f-1Q —12-50 24,600 National Transit * 50,150 National Tunnel & Mines 1 58,535 National Union Radio com—1 * 13** 12,700 Navarro Oil Co 900 JNebel (Oscar) Co com.. * 1,200 Nebraska Power 7% pref. -100 103 * 45** 48,900 Nehi Corp common 40 6 16 55* Sale 28** 5*1 3 f 2 25* 65* 8 Mar. 21 1 »r 20 15* 55* 55* Mar. 105* Aug. Dec. 5 7 7 62** Dec. 85* Dec. 13 4 5* Dec. Dec. Dec. 41 Oct. 2 May Apr. 10 15 Mar. 11 785* Aug. Apr. 14 255* 8 128 Apr. 85* Sept. 2 14 Aug. 23 8 76 Apr. Dec. 21 Apr. July 8 30 3 26 29 3 Nov. 16 Nov. 25 Oct. Mar. 26 9 Sept. 12 Jan. 845* Sept. 28 Apr. 12 Apr. 10 July 10 Sept. 7 5 23 5 Dec. 28 Nov. Feb. 4 25 June 10 Apr. 12 108 Mar. 14 Nov. 17 Dec. Jan. 4 119 Nov. 16 Dec. Dec. Apr. 8 14 Jan. 9 6 Sept. 11 Dec. 2 225* Dec. 6** Dec. Apr. 8 24 13 6 Dec. Dec. Dec. 27 Dec. Apr. 75** Dec. ** Dec. Dec. 86 20 82 Dec. 28 55* Dec. 94** Dec. Apr. 8 Sept. 5 Apr. 10 Apr. 20 68 9 Dec. Dec. 15* Dec. Aug. 22 95* Mar. 10 915* Mar. 15 Nov. 2 2 Jan. 3 */» Feb. Mar. 25 Dec. 1 9 6 Jan. 4 65* Mar.10 945* Nov. 25 76 Sept. 15 95* Aug. 18 15* Mar. 2 < new Jan., 1940] AQGREGATE SALES PRICES IN DECEMBER NEW YORK CURB EXCHANGE In 12 Months December 1939 Shares 1,500 10,500 3,025 4,000 1,000 1,470 1,000 200 """570 280 ' 2,600 15,300 400 1,900 1,225 775 1,000 320 150 50 ~ 8"300 750 825 3,900 '""300 300 400 6,800 1,300 190 ""200 Pacific g & e 6% 1st pref-_ .25 3,000 2,200 20,000 810 ""600 62,800 27,000 25 100 1,300 260 975 725 800 2,300 725 150 1,100 1,900 110 350 3,200 19,200 5,600 900 400 22,800 3,800 50 2,200 2,090 1,900 5,000 2,900 1,500 200 3,300 3,800 1,700 25 ""'800 6,500 200 —2.50 2,000 Penn Traffic co— 463,700 Pennroad Corp com-— 1 1 100,000 Pa Cent Airlines com 525 Pa Edison Co $2.80 prei -.——* 800 $5 preferred * * 7,600i Pa Gas & Elec class a. 3,645 Pa Pow & Lt $6 pref... $7 preferred. Pennsylvania Salt Mfg Pennsylvania Sugar Co 14,500 5,725 1,775 28,700 9,900 1.200 Pa Water & Power Pepperell Mfg Co Perfect Circle 8# 8Sale 4 com ^78,600 Pittsburgh Forgings Co 19.345 Pitts & Lake Erie rr 1 50 55,000 Premier Gold Mining 650 Prentice-Hall Inc com Pressed Metals of Amer 2,050 * 1 —25c ♦ Providence Gas Co * Investors 27 49*$ Sale A nX 3*$ 34 xl* 8* Sale 98*$ 111*$ 99*$ 8*$ 17*$ 9*$ 18*$ 46 10 Sale 41*$ 46*$ 109*$ 110*$ 5*$ Dec. 1*$ Dec. 84*$ Dec. 30 Dec. 19 15 1 Dec. 5 27*$ Dec. Dec. 4 49*$ Dec. *$8 Dec. Dec. Dec. 11 Dec. 28 13 3 6*$ 14*$ Sale 16*$ 17*$ 34*$ 36*$ • 115$ Dec. 12 17*$ Dec. 27 Dec. 35 Sale 195$ 106 107*$ 105*$ 98*$ 98*$ 98*$ 114*$ 112*$ 105*$ 8*$ 19*$ Sale 18*$ 47 £45 46*$ 110 112*$ 115 1*$ Sale 1*$ 19 14*$ Dec. 30 18*$ Dec. 11 " 7 36*$ Dec. Dec. Dec. Dec. Dec. Dec. Dec. 27 21*$ Dec. 21 Dec. Dec. Dec. 20 108*$ Dec. 26 100 Dec. 4 115*$ Dec. 5 14 9*$ 3*$ 19*$ Dec. 30 47 3*$ 12*$ 33*$ 13*$ Sale 12*$ 33 *$ Sale 12*$ Dec. 22 33*$ Dec. 5 Sale 86 31 30 67 70 30 85 6*$ 20*$ 7*$ 21*$ 20 6*$ 20*$ 6*$ Sale 5*$ Dec. 10 • 13*$ 14*$ ""§*$' Sale" 7 *$ *$ 8 *$ 1 43*$ "14*$ 32 Dec. 5 65$ Dec. 1 Dec. 2 Dec. 5 20 6 Dec. 7 9 Sale 11*$ 33 34 32 *$ *$ 2 Sale 8 Sale 1 5*$ Dec. Dec. 30 4 14 Dec. 6 9*$ Dec. 18 34*$ Dec. 20 Dec. 11*$ Dec. 29 7 £13*$ Dec. 8 33*$ Dec. 44 Dec. 2 Sale *$ Dec. 29 Dec. 13 9*$ Sale 6*$ 7 4 111?$ Sale 170 174*$ 167 70*$ Sale 82 84*$ 27*$ 28*$ 7*$ 8 8 Sale 118 2*$ Sale 5*$ Sale 6 6* 6 Sale Sale 10*$ A 2 12 M Sale 75$ Sale 64 Sale 07' *$t Sale 4*$ Sale 10*$ 11*$ 58*$ Sale 10*$ Sale 99*$ Sale 1*$ 1*$ 9 95$ 1*$ 1*$ *$ Sale 4*$ 8*$ 4*$ 6?$ 21*$ 35 A* 40 ms *$ 4*$ Sale 6j$ 7 J* 98 6% 1st preferred 230 100 7% 1st preferred-180 100 ♦ 45,060 Public Serv of Ind pr pref $6 preferred * 33,155 Public Service of Oklahoma— 48 Sale 30 Sale 2 168 67 Sale 88 Sale 26*$ 29 7*$ Sale 7*$ 8*$ Sale 30 11*$ Sale 1*$ 1 23 Sale 37*$ Sale 9*$ Sale a Sale 5 5*$ 7*$ 8 6 93 Sale 97*$ 5*$ Sale 6 Sale 35*$ Sale 10*1 10*$ *$ *$ 1 *$ Sale 7*$ Sale 11*$ 56 iS* n h Sale Sale Sale 1*$ Sale % 4*$ 5*$ 21 1 4?$ 9 22 1*$ Sale 40 42 9 4 9*$ if Sal!* 8*$ Sale 6*$ Sale 93*$ 97*$ 150 80 3,725 3.800 7,200 100 300 290 360 1,075 900 600 13,500 Puget Sound Pulp & Timb—.* 5 1,000 Pyle-National Co com — .10 9,700 Pyrene Mfg... 6,125 Railway & Light Securities. 1,757 Rys & (Jtil invest cl a com-—1 Raymond Concrete PileCommon * 18,250 2,600 12,300 12,600 200 36,300 108 15*$ Sale "65$ ""6*$ 74*$ 10 $3 conv pref Raytheon Mfg com—j 68 1*$ Dec. 11 8 163 13*$ 66*$ 83*$ 28*$ Dec. Dec. 1 7 Dec. 5 169 Dec. 28 Dec. 28 6 Dec. Dec. 21 7*$ Dec. 8 118 Dec. Dec. 6 1 15 88 inn Dec. 20 8 Dec. 2 Dec. 22 1 Dec. 7*$ Dec. 26 41*$ Dec. 27 12*$ Dec. 20 60 5 Dec. 10*$ 4 102 Dec. Dec. 22 15$ Dec. 20 10*$ 15 Dec. 27 Dec. 21 1*$ 52 i 19*$ reeves (Daniel) com Reffcer Foster oh Corp Reliance el & Eng Co Republic Aviation Corp tReynolds Investcom Rice Stix Dry Goods Co ♦ 50c Oct. 23 14 35*$ July 24 315$ July 22 July 14 Sept. Jan. Sept. Sept. Mar. 10 22*$ July 27 6*$ Nov. 29 101*$ Mar. 9 Dec. Nov. . 85$ Apr. 27 15 35 Mar. 28 29 Jan. Apr. 12 7*$ Apr. 11 24 29*$ Nov. 3 *$ Dec. 29 5 1 1 —• com .1 6 25 8 12*$ Sale Sale „ 6 35$ Sale 12* 14*' 5*$ Sale *$ >*$ 5*$ i 2*$ Dec. Dec. 30 Dec. 28 8 For footnotes see page 53. _1 A *$ Nov. 14 15*$ 34*$ 295$ % Nov. 18 June 19 Nov. 3 Mar. 10 Dec. 15 Dec. 27 Jan. 30 Dec. 18 5 Dec. 1 6 Dec. Dec. 26 Dec. 11 Dec. Dec. 5 1 Dec. 21 8 Dec. Dec. 12 Dec. 13 37*$ X 1 25$ Sale 26 5*$ 6*$ *$ Sale 13*$ 15 Sale 6 6*$ 1*$ 6*$ 2 a Sale 13 Dec. Sept. 25 Sept. 5 Mar. 7 Sept. 6 9 6*$ Dec. 4 6*$ Dec. 35*$ Dec. 30 11 Dec. 11 8 a Dec. 2 Sept. 27 Dec. 29 6 28*$ Dec. 7 5 Apr. Apr. Sept. Sept. 25$ Jan. 25$ Apr. 16 Apr. Aug. Dec. Dec. Apr. Oct. Apr. Sept. 6 Apr. 90 Apr. *$ Jan. 7*$ Apr. 9 A 1*$ 5*$ 40*$ 65$ 42*$ 8 8 Dec. 27 1 6 5$ Jan. 4 M Sept.11 Aug. 19 i$ Dec. 5 li Sept. 15 *$ July 24 H July 22 *$ Feb. 23 *$ Sept. 20 V\ Jan. 3 JX Aug. 1 43*1 Aug. 15 14*$ Sept. 20 75*$ Sept. 27 12 Sept. 20 117 Mar. 7 15$ Dec. 8 10?$ Dec. 12 114 29 Feb. Nov. 15 Dec. 25$ Jan. 8 £7*$ Nov. 101*$ Apr. 102 20*$ Dec. 27 22 Dec. 7 16*$ May 8 3 23 1 Dec. Dec. 1 37*$ Dec. 1 9 Dec. 15 a Dec. 1 4*$ Dec. 18 7*$ Dec. 21 6 Dec. 1 95 Dec. 11 76*$ Dec. 41*$ Dec. 1 1*$ Dec. 11 44 Dec. 10*$ *$ 5*$ 8*$ 6*$ 5 Dec. 5 Dec. 8 Dec. Dec. 30 Dec. 15 95 Dec. 11 9 25$ Sept. 6 5*$ Sept. 16 JA Apr. 3 Apr. 12 Dec. 1 44 7 11*$ A 6*$ 85$ 7*$ 100*$ Jan. 45$ Aug.: 89 117 7 Dec. 4 104*$ Dec. 21 Dec. 22 110*$ Dec. 14 Dec. 21 24*$ Dec. 5 Dec. 1 78*$ Dec. 30 Dec. 1 13 10 Dec. 20 Dec. 21 Nov. Dec. 19 Dec. 12 65$ Dec. 21 93 100 14 Sept. Jan. 139 16 12 Dec. 35 Dec. 26 19 ?$ Dec. 28 2*$ Dec. 4 Dec. 29 Dec. 12 Dec. 19 Jan. 19 7*$ Nov. 18 Apr. 10 126 Aug. 8 Oct. 9 1585$ Jan. 28 Mar. 31 18*$ Mar. 10 *$ Dec. 11 13*$ Dec. 6 5*1 Dec. 1 a Dec. 2 4*$ Dec. 20 15$ Dec. 22 a Dec. 13 5 12 Apr. 8 21 35 Dec. 26 41 28 Dec. 8 6 9 5*$ Dec. a Dec. 15 14*$ Dec. 29 6*1 Dec. 28 2 a Dec. 6*$ Dec. 29 2*$ Dec. 6 a Dec. 6 30 12 Dec. 29 5 Oct. 13 13*$ Dec. 1*$ Dec. 3 *$ Dec. Aug. 4 Mar. 10 Mar. 9 78*$ Dec. 30 12 36 9 Nov. 16 Sept. 7 Nov. 17 July 19 90*$ Dec. 29 50*$ Dec. 30 9*$ Dec. *$ Dec. 4 Dec. 24 104*$ Dec. 21 7 110*$ Dec. 14 14 26*$ Aug. 3 34*$ Jan. 12 4 May 22 6*$ Apr. 8 4*$ Feb. 11 108 9 Apr. 21 Feb. 20 112 Jan. Dec. 28 122 Dec. 4 15 153*$ Dec. 27 Apr. 18 106 44*$ Jan. 13 26 Apr. 11 Dec. 7*$ Dec. *$ Dec. 25 5 90*$ Dec. 29 505$ Dec. 30 Mar. Mar. 6 25$ Jan. 17 35*$ Oct. 7 Apr. A Jan. 3 Apr. 104 107 Rio Grande Valley Gas Co- Voting trust ctfs 34*$ Nov. 30 Dec. 1.53*$ 150 14*$ 12 35 Jan. 3 Mar. 16 45 8 122 13*$ 375$ 1*$ 2*$ 3 75$ Jan. 4*1 JuTy-f 16 14 Dec. 30 1 3 65$ Sept. 22 10*$ Sept. 9 5 Sept. 28 % Dec. 20 45$ Dec. 18 150 85$ Sale 24 Dec. 29 Nov. 2 8 116 Sale July 8 Sale 14 28 ♦ .♦ Reed Roller Bit Co Dec. 30 49 113 *$ Dec. 1 4*$ Dec. 20 125 *$ 2*$ 5 Aug. 16 4 75$ Dec. 26 8*$ Dec. 18 Dec. 151*$ 12*$ 36 Dec. 115 106*$ Dec. 18 9*$ Oct. 24 12 1 1 118 Dec. 11 31*$ Dec. a 1*$ 7*$ 41*$ 10*$ £9*$ 98*$ 1*$ 9*$ 11*$ Dec. Dec. 70*$ Dec. 10 103*$ 104*$ 102 109*$ 109*$ 110 22*$ 24*1 Sale 74*$ Sale" 78*$ Sale 10 Sale 12*$ Sale 9*$ 65$ 6*$ 6*$ 6*$ 12*$ 4 Jan. 24 Dec. 27 28*$ Dec. 30*$ 5*$ 5*$ 29*$ 118 12*$ * 109 115 Sale Sale Dec. 27 Jan. 1*$ Dec. 23 2*$ Dec. 12 2 110 Dec. 18 108*$ Dec. 110 Dec. 27 114*$ Dec. 13 104 110 Sale 11 50c Red Bank Oil Co Richmond Radiator "4*$ ""55$ Sale * 118 155 100 150 16*$ 175$ * 4,160 Quaker Oats com 6% preferred 4,850 950 Quebec Power Co 12,300 1,000 3,700 500 a* 101 ... 2,140 10,500 28,800 14,700 6,800 46,000 5,200 120,200 41,100 6,700 51,300 90 1,500 3,700 1,700 6 % prior lien pref 100 7% prior lien pref -100 67,425 Puget Sound p & l $6 pref...» $5 preferred —* 49,960 1,500 730 104*$ 108*$ 106*$ 110*$ 115 110*$ Sale 90*$ Sale 505$ 14 Dec. 15 Dec. 14 Oct, 5 20*$ Mar. 16 37*$ Nov. 18 2 Dec. 1 11 *$ Dec. 29 38*$ Dec. 15 66 2*$ 9 Feb. Nov. 38*$ Dec. 15 35$ 11*$ Sale Feb. 4 26 Sept. 1 "35$ Nov. 14 11 Apr. 17 4 8 108*$ Dec. 12 Jan. 6 Dec. 2*$ *$ s*$ Sale . 41*$ Dec. 11*$ Dec. 2*$ *$ 2*$ 2*$ IX Sale 4*$ Dec. 31- '43*$ "44*$ 23 10 15*$ Sept. 97*$ Apr. 90 Aug. 110*$ Sept. 104*$ Jan. 96*$ Sept. 7*$ July 8h Apr. 35 Apr. 106 Oct. 1 Apr. 5*$ Sept. 265$ 68*$ 4*$ 18*$ Dec. 30 7 27*$ Dec. 49*$ Oct. 13 15$ Sept. 15 9 *$ 11 102*$ 13 110 6 5 11 16*$ 8 Apr. 28*$ Sept. Dec. 14 Dec. 30 Dec. 13 86 Sale 42*$ 13 *$ 31*$ Apr. 6 July 27 Jan. Apr. Apr. Feb. 6*$ Apr. 14*$ Aug. 24 Apr. 25$ Sept. 20 3*$ Dec. 12*$ Dec. 8*$ Dec. May 22 Dec. 28 90*$ 6 1 84 28 June 30 3 21*$ 4*$ Sale 5*$ Sale Sale "3*1 4*$ "4 34 '35'" "§9" 92 - 14*$ 42*$ *$ 2*$ a 81 87*$ 4*$ 13*$ Dec. 20 20 Sale 16 * $6 preferred- *$ Apr. 10 92 * com 3*$ Aug. 24 5 89*$ 5*$ Dec. Sale Prices Feb. 7 Jan. 16 53 Mar. 31 13 *$ Apr. 19 8*$ Dec. 22 34 31 91 Sale Dec. 13 Dec. 29 1*$ Dec. 13 7*$ Dec. 27 5 2*$ Dec. 11 5 4 113 7*$ 2*$ 9 12 15 14 113*$ Dec. 29 6 106*$ Dec. 18 1*$ Sale Dec. Dec. 1 102*$ Dec. 15 106 Dec. 28 110 Dec. 14 7 Dec. 27 5*$ Dec. 2 Sale 11 Dec. Highest Public Service of Clorado— 7,075 7,300 YEAR 1939 Lowest Sale Prices 98 20 108 Vs Dec. 67*$ 24*$ 25% 48*$ Sale 73 323 >8 6 59,600 Potrero Sugar com 5 53,900 Powdrell & Alexander com 900 Power Corp of Can com 70 6% 1st preferred —100 * 17.100 Pratt & Lambert 100 n*$ 17*$ Sale Sale 19 10 19*$ Pittsburgh Plate Glass com 25 108*$ Sale Pleasant Valley Wine Co Plough Inc common -7.50 600 Pneumatic Scale Corp Ltd—10 2*$ Sale 25c 32,600 Polaris Mining Co Prosperity Co b common 3*$ 26 ^ Sal!* 5 5 Sale Sale 30 Pitts Metallurgical Co Producers Corp aVA 106*$ Sale 4*$ 12 16 29 -—- Prudential 3m 98 1 1,200 Pines Winterfront Co .1 106,400 Pioneer Gold Mines Ltd. 71,000 Pitney Bowes Postage Meter _♦ 1,150 Pitts Bessemer & l e rr—50 16,900 67,600 11,500 17,700 4*$ 84*$ Sale 26*$ Sale Highest Sale Prices Sale Prices 4*$ Dec. 20 Sale *$ * 98*$ Sale * Sale 50 166 20 * 73 74*$ 69 Sale 100 * 25*$ 27*$ 1 60.400 Pharis Tire & Rubber Co 23,300 Philadelphia Co com---- — 610 Phila Elec $5 dlv preferred— 6,675 Phila el Pow 8% pref 25 87,000 Phillips Packing Co — 458,100 Phoenix Securities common—1 39,610 $3 conv preferred a 10 ♦ 15,500 Pierce Governor Co com 5,900 700 — Parkersburg Rig & Reel Co--1 Patchogue Plymouth Mills.—♦ 2,670 Pender (d) Grocery cl a * Class b-.-i.-i—--———* 24,850 5,100 Peninsula Telep Co com. * Class a cum preferred 200 25 2,000 Penn Mex Fuel common.._60c 28,400 49,500 21,800 5,525 36,900 3,500 4,200 4,000 Paramount Motors Corp—_ 1 Parker Pen Co -10 - 5*$ 1 70 68*$ 24*$ Sale 24 24*$ 49*$ 48*$ 75$ Sale.... American shares - 5 5*$ Sale Lowest Ask 1 175 Page-Hersey Tubes comPantepec Oil of Venezuelae 900 240 * Pacific Can Co common- 5 *v % 1st preferred—- —25 Pacific p & l7% pref 100 Pacific Public Service com * 1st preferred * 700 Pacific Tin Consol Corp— 1 . 230 600 450 453 200 Oliver United Filters b 1 5,800 Omar Inc 9,200 Overseas Securities Co.-——* 730,500 4,800 21 25 11,295 Ohio Brass class b 100 9,325 Ohio Edison $6 preferred-—Ohio Oil 6% pref--. 10,875 100 110*$ 5,010 Ohio Power 6%_ preferred- . 100 1,500 Ohio Pub Serv 7 % 1st pref-100 605 6% 1st pref 100 2,000 Oilstocks Ltd common 9*$ 12 *$ 1 146,500 Oklahoma Nat Gas com 19,625 $3 preferred50 38 2.275 $5.50 conv pref * ~iti 47,300 Oldetyme Distillers 1 41,600 400 5} 15 613 213 Ask Bid Bid Ask Bid •Dec. 30 Dec. 1 1939 STOCKS (Continued) Par 24,400 Noma Elec Corp com 1 90,900 Nor Amer Lt & JPow com 1 20,550 $6 preferred ; * 26,200 North Amer Rayon clA * Class b common 13,800 —* 5,645 6% pfiorpreterred 50 7,340 Nor Amer Util Sec com * 6,400 North Cent Texas Oil 5 47,000 North European Oil com 1 5,590 Nor Ind Pub Ser 6% pref—100 3,115 7% preferred —100 9,100 Northern Pipe line 10 —25 163,504 Nor States Power a 11,200 Northwest Engineering.* 27,800 Novadel-Agene Corp —* 1,500 117,400 26,400 2,330 3,300 2,600 RANGE FOR Price Jan. 3 Shares 500 47 exchange curb york 7*$ Dec. 19 *$.Nov. 21 % Aug. 20 1?$ July 6 23 Aug. 24 5 Jan. 24 *$ Jan. 30 95$ June 27 25$ Jan. 31 A Dec. 2 3*$ Sept. 5 15$ Dec. 22 *$ May 19 12*$ Mar. 9 *$ June 21 Jan. 4 Mar. 11 2*$ Jan. 17 5 4 4 28 12 27 4 3 11 5 Jan. 33*$ Jan. 8*$ July A Sept. 16 Sept. 75$ Nov. *$ Jan. 6*$ Sept. 4 Jan. A May 26 NEW 8 YORK EXCHANGE CURB AQQREOATE PRICES SALES NEW YORK CURB EXCHANGE 12 Months In December Shares 475 25 1939 225 10 2,800 (Concluded.) Par Bid Rochester G & E 6% pf D--100 6% preferred O 100 Rochester Telephone Corp— 63*% 1st pref * 100 114 Roeser & Pendleton Inc -* 15 600 400 1,500 3,700 400 7,200 Rolls-Royce Ltd— Am dep rets ord reg —£1 Rome Cable Corp common—5 Roosevelt Field Inc 5 Root Petroleum Co com 1 28,300 11,300 53,700 8,900 $1.20 conv preferred 16,500 Rossia Internat Corp 500 8,400 400 700 3,500 17,700 9,600 181,000 4,050 18,500 31,700 800 125 25 41,900 950 7,800 890 650 4,800 "'270 355,600 3,700 61,600 15,600 Samson United Corp com 7,300 4,100 200 8,600 17,200 350 19,000 870 1,650 1,700 200 500 9,300 300 4,350 250 200 49,512 81,600 11,700 2,500 108,600 205,100 5,850 103,500 —12,600 7,670 5,700 Sale 2% 6 Sale 425* Sale X Sale X Sale 4 Dec. 1 1003* Dec. 29 99 Dec. 28 Dec. 28 23* 15* IX 3% UX 2 Sale 8 7i X 64 25* Sale IX 2% 73* X 3X 3X 14% Sale 46X 2% 2X IX IX Dec., 11 Dec. 19 99 3 Apr. 14r Jan. 4 5 Apr. 14 112 15 103* Dec. 29 6 235* July 31 85* Sept. 1 Dec. 29 Dec. 7 3 8 15* 13* 43* 3* 37 14 Dec. 44 4 2% Dec. 1% Dec. 5 15* Dec. 1 33* Sale 58 5* 17 Sale ix Sale 2% 493* 6% 1 2 36 IX 11X 1 11 255* 17 X Sale IX 12 32 Sale 57 X 7X Sale X 1 36 39 1 IX 12 125* 29 X Sale 3 52 7 IX 39 22 X 19 Sale Sale 14 X 32 X 55X 24 23 24 Dec. 20 1 5 8 43 Jan. 71 Jan. 47 Aug. 4 Jan. 3 9X IX ■IX * 25 Allotment certificates Self ridge Prov Stores, LtdAmerican dep rets reg 1,400 £1 16,800 Sentry Safety Control 1 600 Serrick Corp class B com——1 .* 9,000 Seton Leather com 5 117,000 Shattuck Denn Mining 11,700 Shawinigan Water & Power..* 58,325 Sherwin-Williams Co com—25 3,150 5% cum pref A A A 100 625 Sherwin-Williams of Can.—* 1 38 33 Segal Lock & Hardward com_ -1 Seiberling Rubber com * Selby Shoe Co com * Selected Industries,. 1 Convertible stock —5 Sale IX 1 9X Sal&v 42 X X Sale 10 Sale IX Sale 8 Sale % 5% Sale X 62 67 52 Sale 62 X 68 48 57 X 8X X X 39X % 8X Sale 6X 51X- 58 51X .58. % 5X- X IX 7 X Sale 2X 8X 6X 18X Sale 19 X 18 94 Sale 94% 112 Sale X IX 3 2 63* 8% 203* 65* Sale 21 Sale 9X Sale 7A 40 Sale Sale 32 Dec. 24 Dec. 5 7X 5% 9X Sale 19X Dec. 8 Dec. 10 Dec. 7 20 5 93* Dec. 13 36 9 153* Sept. 12 2 Sept.12 13* FeJ. 17 43 3* Nov. 24 % Jan. 7 10 Oct. 20 15 Apr. 4 15* Sept. 13 93* Jan. 3 693* Mar^ 9 70 Mar. 9 1 Mar. 30 2 X June 29 43* Jan. 27 x9X Aug. 24 3* Apr. 10 43* May 8 '483* Aug. 29 485* Aug. 29 3* Nov. 15 3* Jan. 16 13* July 11 6 Apr. 8 53* June 30 113* Dec. 11 103* Dec. 22 3* Dec. 27 53* Dec. 1 50 3*Dec.~21 6* Dec. 7 Dec. 29 525* Deer 23 Dec. 49 Dec. 21 53 % 13* 83* 55* 173* 903* Dec. Dec. Dec. Dec. Dec. Dec. 15* 85* 65* 18 Dec. 26 17 Dec. Dec. 943* Dec. 30 Dec. 26 11 Dec. 20 14 Dec. 30 153* Dec. 116 Oct. 2 81 Aug. 24 1063* Sept. 6 10 Oct. 11 Sept.1$ Aug. 16 Sept. 22 Apr. 25 Nov. 21 24 27 3* Dec. 1 Dec. 12 Dec. 5 Dec. 13 1 112 Sale June 24 % Dec. 27 31 10 109 26 5* Aug. 21 Dec. 3 15 153 385 Apr. 25 Apr. 25 11454 Jan. 53* Sept. 5*6 Dec. 1 40 3 5 Oct. Jan. 41 June 29 Jan. 13* Dec. Dec. 29 Dec. 27 Dec. 7 Dec. 14 25* Oct. 17 8 17 Nov. 28 3* 95* 183* 11454 165* Dec. 22 % % 393* 5* 23* Sept. 14 5 43* Jan. Oct. 25 15 43* Sept. 9 64 Sept. 8 22 5* July 6 Dec. 19 83* Dec. 23 3 135* Dec. 29 15* Sept. 1 May 16 21 Sale 14 5 5 63* Mar. 10 153* Sept. 22: 10 July Oct. X Jan. 37 285* Dec. 29 23 31 19 Mar. 18 Apr. 13* Dec. Dec. 12 13 Dec. 26! Oct. 5 11 38 12 July 20 45 135* Dec. 29 35* Dec. 7 565* Dec. 19 8 Dec. 14 1 Dec. 5 135* Dec. 29 1 6 8 X Dec. 27 23* Dec. 51}* Dec. 6 Dec. 243* July 12 133* Feb. 27 23* Jan. 20 Apr. 11 23* Sept. 1 7 Apr. 8 353* Apr. 11 13* Aug. 11 623* Dec. 29 4 Dec. 4 15 Dec. 29 46 Dec. 12 Dec. 13 2 3* Dec. £ Apr. 12 Apr. 6 Apr. 25 2 * Gen'l com Seeman Bros common Apr. 21 1055* Aug. Fen. Dec. 28 102 96 3% Dec. 4 8 Dec. 29 5*0 Dec. 5 Dec. 27 Dec. 20 57 45 11X Dec. 2 Dec. Dec. 27 11 Dec. 13 10** Dec. 29 Sale 61 4 5* 14 3* 455* 14 44 Sale Eldorado Pipe Line stamped 5,600 Silex Co (The) common Simmons-Boardman Pub 3 5* 93* 60 y 55* 12 * Scullin Steel Co common $5.50 prior stock— Sale Prices * $6 preferrek Warrants., Securities Corp Highest Sale Prices 112 11X 11 23* 5*6 71 40 3 1 Scranton-Spring Brook Water Loivest Sale Prices 115 8 * - Highest Sale Prices 98 13% 1051 15* 33* X 7,700 Savoy Oil Co 5 * 9,050 Schiff Co com 100,500 Scovill Mfg Co 25 10 Scranton Elec $6 pref * 1,510 Scranton Lace Co common—* Service 1939 Lowest Ask Sale 1125* 123* Sale 68 775 3,900 153* 15 2h Royal Typewriter com * Russeks Fifth Ave Inc 2.50 Rustless Iron& Steel Corp 1 $2.50 conv pref_». -* Ryan Consol Petroleum Ryerson & Haynes Inc com—1 St Lawrence Corp Ltd * A $2 conv preferred 50 St Regis Paper Co -5 7 % preferred 100 Salt Dome OilCo— 1 30 Dec. Ask Bid 99 5 290 Sanford Mills ""500 Bid 98 13 20 * * 75 Royalite Oil Co Ltd T200 Ask STOCKS 2,825 900 Dec. 1 1939 Shares YEAR RANGE FOR IN DECEMBER Price Jan. 3 Aug. 1 3* Aug. 17 May 9 23* Sept. 13 93* Jan. 20 10 Sept. 6 225* Mar. 10 113 3* Mar. 13 116 Dec. 26 14 Jan. 5 Shreveport 100 600 8,200 3,100 610 400 40 200 100 —* Corp conv pref 51,000 Simmons H'ware & Paint Co__* 16,400 Simplicity Pattern Co ---1 6,100 SingerMfg Co ,,100 Singer Mfg Ltd— Am dep rets ord reg shs—£1 24,825 245 Sioux City G & E 7% pref-100 300 Skinner Organ Co common—5 75 Smith (Howard) T.500 I,000 32,700 56,700 15,900 29,600 39,500 26,400 5,379 9,000 10 Solar 370 5,300 900 600 3,400 1,000 190 400 i",806 3,400 550 2,800 590 1,800 2,600 400 600 6,100 3,200 Soss Mfg Co South Coast Com com 8,700 9,300 275 II,600 2,400 400 3,800 2,000 7,900 500 200 13,100 ""200 1,200 125 50 700 2,600 1,900 1,875 2,300 1,650 4,500 200 20,100 300 1,900 25 200 21,100 3,000 100 3,200 26,000 15X 2%. Sale IX IX Sale 159 IX 84 X Sale Sale Sale 2 IX 5 IX 5X 3X 44 J* 2 Preferred A Southland Royalty Co South Penn Oil., So West Pa Pine Lines 1 X July Feb. 20 Jan. 3 6 Sale IX Sale Dec. IX Sale 4X 4X 2% 2% 305* 30** 295* 445* IX Sale 15* Dec. 4 8 Apr. Apr. Sept. Sept. Dec. 29 45 5* 285* Dec. 433* Dec. IX Dec. 8 25* Dec. Dec. 27 30 295* Dec. 30 445* Dec. 29 13* Dec. i» 15* Dec. 605* Dec. 8 6 Jan. 1603* Dec. 6 Jan. 45* Dec. 28 23* Dec. 12 Jan. 4% 2% 605* Dec. 160 3* Dec. 5X 43* Dec. 5 2% > 2X 23* Dec. 32 X 6X 33 5X 36% 21% 2% 13 X 3% 2X X 16 X X, Sale Sale 213* Sale 2% X 14 19X 5% 37 23 X Sale Sale X Sale 2„, A* 14 % Sale 53* 403* 213* 25* Sale Sale 23 25* 53* 365* 203* 2 3* 12 Dec. 30 Dec. 4 Dec. 27 Dec. 7 Dec. 28 Aug. 7 July 23 25* Dec. 15 Dec. 1 Dec. Apr. 12 403* Dec. 29 55* Dec. 22 Dec. IX 5*6 Sale 15* Dec. 7 19 5*6 Dec. 23* Dec. Sale 13* Dec. 20 2 5*6 Sale 135* Sale 185* 193* 3* Dec. 27 Sept. 7 1 3*6 Jan. , 15* Dec. 19 13* Mar. 31 5*6 Dec. 30 143* Dec. 16 193* Dec. 1 X Mar. 28 13 Dec. 11 173* Dec. 11 Dec. 11 11 15* Dec. 18 Dec. 9 103* Dec. 22 Sale 185* Dec. 4 Sale 25 Dec. 1 203* Dec. 30 325* Dec. 29 13 July 22 Jan. 12 Nov. 24 Oct. 27 45* July July Dec. 30 17 3* Dec. 6 18 Oct. Aug. 26 19 1 30 Dec. 13 27 1603* Dec. 43* 23* 153* 63* 403* 2 5*6 Dec. Dec. 295* Dec. 30* 46 " Aug. 1 3 25* Apr. 65 3* Aug. 9' May 72 3 Mar. 11 Oct. 17 45* Sept. 20 30 Oct. 170 2 Jan. Feb. 53* Dec. 43* Dec. 23* Dec. 2 June a95* May 1 2 6- Nov. 100 Jan. Dec. 13* Dec. 13* Dec. 10 Jan. 45* Apr. 26 Dec. 23* Dec. ,19 6 Dec. 4 4 100 5*6 Dec. 26 5*# Dec. 26 15* Dec. Dec. X. Mar. 5X IX 11X 2X 13 12 17X Sale 18X 25 X 19 20 104 Sale 101 1 % Sunray Oil 5 3*% conv preferred X X 83* X 38X IX 183* Sale Sale 15* 113* 10203* 315* 1073£ Sale Sale 'At 108 93* 5* 3* Sale 5*6 Sale 13* 3X * 113* 35* Sale 12X 4% IX 13 4X Sale Sale 5X 13* 15* 7 3* Dec. 1 365* Dec. 13* Dec. 12 ..* 8X 1 1 50 .25 12 115* 13 35* 35 4 Sale 55* Sale Sale 23* 23* 45* Sale 3* 5* 93* 93* IX 34X 35 10 13 X Sale 37 X Sale 6 15* 103* 123* 10 11 13* 343* 33 Sale 38 345* Class B common— Taggart Corp com—...— Tampa Electric Co Tastyeast Inc class A... .1 Taylor Distilling Co .....1 Technicolor Inc common.... 5 4X 36 6X 5 Sale Sail6 H 223* Sale 6 4X 6% Sale 32 Sale X X 12X X Sale Sale 303* Dec. 13* Dec. Dec. 1 35* Dec. 26 35 Dec. 28 Dec. 11 55* Dec. 28 15* Dec. 27 1 23* Dec. % Mar. 21 33* Sept. 3% Jan. 'A, July 18 July 26 July 11 12 14 27 31 23* Jan. 123* Jan. 14 July 203* Dec. 325* Dec. 21 Dec. 29 1 8 Dec. 5 10 Dec. 11 73* Jan. x6% Dec. 1 43* Apr. • 5 Dec. 1 Dec. 11 12 353* Dec. 353* Dec. 7 33 3* Dec. 11 Dec. 18 11 63* Dec. 30 4 32 X Sale Dec. 3* Dec. 19 3* Dec. 12 Dec. 65* Dec. 8 35 Dec. 21 3* Dec. 19 5* Dec. 143* Dec. 15 Aug. 5 53* Nov. 20 Dec.|*5 113* Nov. 28 14 4 12 4X Dec. 8 4 June 23 Feb. 10 6 Sale 43* Jan. 74 Jan. 125* Dec. 11 55* 345* 3* 25* Sept.12 30 3* Dec. 65* Jan. 29 18 foil Sept. 6 45*' Oct. 24 4 13 7 Jan. Feb. 3 20 2 6 4 6 Mar. 11 13* Feb. 1 10 8 15* Dec. 27 2 3* Mar. 31 4 Sept. 7 Dec. Dec. 27 Dec. 12 12 30 29 39 Dec. 2 21 13 28 Dec. 19 123* Sale Dec. 53* Dec. 13 4 Dec. Apr. 39 27 65* Dec. 4 108 5 % Dec. 21 733* June 26 10 May 25 25* Apr. 8 14 Dec. Sale 11 5 May 63* Apr. 12 8 Apr. 153* Apr. 11 5 13* July 43* Dec. Dec. 11 21* Dec. 21 2 23* Dec. 5 Dec. 26 5* Dec. 21 9% 1?K 31" Apr. Apr. 5* Dec. 21 Dec. 23 1 13 Aug. 24 May 31 9 June Jan. 102 8 63* 3* 1 ?* \Y 7 3* Dec. 403* Dec. 29 13* Dec. 11 15 Dec. 11 .15 1 % Dec. 21 Sale Sale 2X Sale 4X Sale 5*6 10 X 9% 15* Dec. 5 108 Dec. 29 Dec. 1 5* Dec. 21 5*6 Dec. 1 23 3* Dec. 3* Dec. 26 Dec. 26 24 3* Dec. 19 4 93* Dec. 16 83* Dec. 10 x6X 1% Superior Oil Co of Calif 100 Superior Portl Cement A—.* 3,900 Swan-Finch Oil Corp 9 106 Sale 5* Sale 2 2 125* Sale 27 Sullivan Machinery Co Co com Sale 106 105 IX Sale 12 9 3* 6% 1st preferred,. .50 5% 2d preferred .--20 Sterling Aluminum Prod 1 Sterling Brewers Inc 1 Sterling Inc Stetson (John B) Co com Stinnes (Hugo) Corp 5 (S) & Co Inc IX 11 Sale _* (A) & Co com Sterchi Bros Stores Inc 53. Dec. 6 18 Corp— $7 preferred -—--* Standard Products Co 1 Standard Silver Lead 1 Standard Steel Spring Co 5 Standard Tube class B 1 Standard Wholesale Phosphate & Acid Works 20 750 1 94,300 Starrett (The) Corp vtc * 225 Steel Co of Canada ord For footnotes see page 15 159 64 2% 4,900 44,500 106,200 191,600 5,500 99,200 36,450 10,900 30,400 209,500 Dec. 152 162 * 25 5 25 10 -10 preferred 16] 16 July 20 23* 15* Dec. 29 3 13* Apr. 10 116 Sept.12 219 68 4 X Common— : 9,300 $1.60 conv preferred 20 2,140 Stand Invest $53* preferred. _* 13,960 10 89,200 Standard Oil (Kentucky) 25 51,500 Standard Oil (Ohio) com 4.050 5% preferred 100 1 104,300 Standard Power & Lt com Glass B common * 8,400 350 20 163 10 Spalding (A G) & Bros Inc. 5% 1st preferred * Spanish & General Corp Ltd Am dep rets ord reg shs—£1 Spencer Shoe Corp— * Stahl-Meyer Inc com --* Standard Brewing Co.. * Standard Cap & Seal com 1 Sun Ray Drug 1 Dec. 60 100 Co-,100 Southern Union Gas com Stroock 2% Dec. 1 158 Southern Colo Power cl A—25 7% preferred Feb. Oct. 6 Apr. 11 May IX 42 X IX Stein Sale 152 2 2 285* 3,550 29,500 1,175 1,600 25,300 11,500 56,675 11,100 10,600 9,500 17,710 1,400 178,100 5,400 19,500 9 7 15 15* Dec. 29 15* Dec. 29 100 X 28 X Conv IX IX IX IX Sale 53*% pref class O 25 5% original pref. —-——25 10,800 8,600 6,600 2,400 31,400 17,150 Sale 14 16 IX 3 2X 29 X 11,200 1,450 30,200 49,300 1,950 20,600 5,410 14 1 Sou Calif Edison 6% pref B..25 - "2",150 12X 1 1 1 Mfg Co Corp. Sonotone Standard Dredging 700 Feb. 10X Paper Mills.* 610 South New Engl Telep 3,600 Southern Pipe Line 10 900 25 * Jan. 5*6 Dec. 27 8 Apr. 10 63* Apr. 6 10 Apr. 6 15* Aug. 24 31 Apr. 10 333* Dec. 12 403* Oct. 14 Dec. 18 June 26 25* Aug. 21 283* May 10 H May 11 X July 5 93* Sept. 5 5 75* Feb. 27 .Tan. 1 135* Sept. 11 Sept. 125* Nov. 25* Sept. 383* Jan. 453* Mar. 14 27 13 20 5 3 14 42 Mar. 14 16 Nov.*l 7 Nov. 22 65* Dec. 8 363* Jan. 10 3* Mar. 24 % Feb. 223* Jan. fl 3 NEW JAN., 1940] 49 CUBE EXCHANGE YOBK AGGREGATE Shares 100 1,200 2,900 600 400 200 2,000 325 50 40 1,800 10,100 20,900 22,200 200 4,000 1,850 2,500 800 2,500 3,200 400 500 2,100 ~ 2,506 "2'I6O YEAR 1939 Price NEW YORK CURB EXCHANGE Jan. 3 Dec. 1 1939 Ask STOCKS (Continued) Shares Par Bid 94 87 1,470 Texas P & L 7% pref .100 —2 31,050 Texon Oil & Land Co 3X Sale 15 14 X 45,700 Thew Shovel Co common..-.5 Sale 15 32,700 rilo Roofing Inc --1 3 IX 1,400 Tishman Realty & Oonstr * 67 925 Tobacco A Allied Stocks.—-* 57 4X 47,100 Tobacco Prod Exports 4X ♦ Tobacco Secur Trust Co Ltd— Am dep rets ord reg shs 14 X 16 3,300 £1 Am dep rets def reg. _ IX 1,700 IX 5s 82 77 15,550 Todd Shipyards Corp .* 920 Toledo Edison 6% pref..-.100 101X Sale 965 7% preferred A 100 17,600 Tonopah Mining of Nev 1 53,600 Trans-Lux Pict Screen com..l 6 X Sale 10 74,200 Transwestern Oil Oo_._. 61,300 Tri-Continental Corp warr 9 2,200 Trunz Pork Stores Inc Tubize Chatillon Corp— Common 12H Sale 123,350 36 Sale Class A 21,550 2X 2X 21,300 Tung Sol Lamp Works com_.l 80-cent div pref 6X 7 15,900 " Bid Dec. 30 2* Sal? 7fl 106 3 21 HX 12 X 10$ 11X 54 60 58 60 4X IX 9% X 57 4X Sale 4X 10X Dec. 26 X Dec. 14 11X Dec. 5 Dec. 14 54 54X Dec. 27 4M Dec. 30 Dec. 26 4 2% 7X ,X _ Union Gas of Canada., 600 Union Investment Co com—* 61,500 Union Premier Food Stores—1 50 300 Union Traction Co -----1 2,100 United Aircraft prod Sale' 10 X 10 Sale 32X 34 3 3 Sale Sale 7X 7X 4X X X IX 11X Sale Sale Sale Sale 12X 2X 3X 17 X Sale IX X ly IX Sale 13 X 11X 2X 3X 17 X Sale 10 64X IX Sale 3X Sale X Sale 8 9X 1 * * Ulen & Co series A pref Series B pref. 1 Oct. 34 33 5 10 108X Aug. 4 ~ Jan. 3 Nov. 11 23 24 15X Jan. 2 Jan. 14 54 Dec. 26 63 May 5X Mar. 3X Aug. 24 94.. Jan. 2X May 8X Apr. 9X Aug. X Dec. Feb. 63X IX IX 254 Sale X X 7 X 9X 9X 4X Dec. Highest Sale Prices 14 IX Sale Udylite Corp UnexcelledMfg Co Inc Lowest Sale Prices Highest Lowest Ask Bid Sale Prices Sale Prices Ask 108 108 X 110 6 107X Dec. 13 106X Dec. Sale 3 Dec. 1 2X 2X Dec. 9 2X Sale 18X Sale 18X Dec. 30 21X Dec. 5 , 2,500 9,200 1,400 11,400 15,500 RANGE FOR PRICES IN DECEMBER SALES'^ In 12 Months December 1939 1 Dec. 66 Dec. 26 107 X Dec. 22 112X • X X« Dec. 22 6 IX Dec. IX 57 106 Ill 1 2X Dec. 'At Dec. 19 Dec. 8 13 Dec. 5 9X 30X 2% 7X Dec. 27 Dec. 21 Dec. 28 4X X X IX Dec. 29 Dec. 18 Dec. 28 Dec. 1 27 11 Dec. 17 Dec. 23 4 5 2 4 17 31 10 Jan. 12 Mar. 8 Feb. 23 15 Dec. June Dec. Dec. Dec. Dec. July 18 Apr. 11 108 Apr. 12 114X July 11 Dec. 22 Apr. 6 Oct. 16 Apr. Dec. 1 X Dec. 30 8X Dec. 19 10X 36X 3 X 7X Dec. 14 Dec. 14 Dec. 7 Dec. Apr. 8 19X Apr. 11 2 Apr. 11 6 Apr. 10 4X IX X IX 11X Dec. Dec. Dec. Dec. Dec. 4X X X IX 10 X $ 18X Dec. 8 7X Dec. 27 7 15X Dec. 23 62 X Dec. 18 7 X Dec. Dec. 8 May 1 7 Dec. Dec. Dec. Jan. Sept. 29 18 28 4 15 IX Apr. 10 12 X Jan. 27 2X Sept. 13 6X Dec. 27 Jan. Sept. 9 5 Sept. 27 Dec. 19 June 13 Dec. 27 6X Sale 17 20 6 10 13 X Mar. 10 38 X Mar. 10 3X Sent. 27 8X Aug. 16 4X Dec. 29 5X Jan. 18 3X Mar. 17 2X Sept. 14 14X June 19 3 Mar. 23 18 X Oct. 26 3X Nov. 2 7X Dec. 27 United Chemicals Inc— 3,200 ioo 27,600 V \4,800 600 50,000 17,300 2,150 500,400 49,200 1,200 442,000 6,600 62,670 9,500 Common....... * 60 % 40 2 91X ♦ $7 1st non-voting pref. 56,100 18,000 20,600 \ 150 "l",506 10,400 41,200 132,200 70,475 8,630 18,300 2,300 39,200 5,400 790 3,300 15,800 4,800 1,675 5,200 4,200 1,550 2,200 2,000 2,600 60 com A ♦ Am com Preferred U S lines Inc pref U S Plywood Co Common. conv 100 Universal Cooler class A.. Class B 100 44,800 Universal Corp v t c_. Universal Insurance. 1,750 Universal Pictures 9,800 1,025 Utah Radio Products 3,300 1,775 3,500 9,000 1,400 4,300 23,700 10,950 12,200 34,890 39,325 775 1,000 26,900 280 800 600 1,610 """200 500 200 2,200 400 1,900 10,000 9,700 320 10 650 450 575 80 5,500 500 700 200 1,600 2,700 150 100 10 600 4,200 1,500 2,900 20,500 com 8 1 Universal Products Co. Utility Equities % Sale X Sale 2X Sale 14 17 X 4X 4X 13 8X Sale % Sale 49 Sale 10X 7X 16 Utah Idaho Sugar Co.......5 Utah Pr & Lt $7 pref • com. 10c 1 .5 Conv preferred 7 tUtil Power A Lt 7% pref-.100 7.X IX 9X IX 57 53 Sal? 19 X 19 Sale 2 IX Sale 20 X 5 27 30 19 27 8ale 27 Virginia Pub Serv 7% pref.100 Vogt Mfg Corp 29,900 Waco Airfraft Co 25,710 Wagner Baking com v t C * 20 7% preferred ...100 1,500 Wahl (The) Co common * * 2,200 Waitt A Bond Inc class A Class B— * 5,000 26,900 Walker Mining. ... 1 9,900 Wayne Emitting Mills.......5 19,900 Wellington Oil Co^common 1 39,600 Wentworth Mfg Co .1.25 51,200 Western Air Express Corp 1 680 Western Grocery com ..20 Western Maryland Ry— 1,690 7% 1st preferred —.100 Western Tablet A StationeryCommon. * 3,550 3,850 Westmoreland Coal Co....—* —...♦ 1,425 Westmoreland Inc West TexasUtdl itier Co— 2,100 $6 preferred* 89,800 W Va Coal A Coke com—...♦ 5,450 Weyenberg Shoe M*g Co...—1 26,400 Wichita River Oil Corp .10 12,800 Williams (R O) A Co * 8,100 Williams Oil-O-Matic Htg_._* 25,100 Wilson Jones Co com——— ...1 4.335 Wlllson Products Inc 100 Winnipeg Elec com clB * 500 Wisconsin P A L 7% pref.,100 10 8,800 Wolverine Port Cement 49,600 Wolverine Tube Co com.....2 14,700 Woodley Petroleum Oorp....l Woolworth (F W) Ltd— Am dep rets ord shs.. 75,100 5s 248,700 Wright-Hargreaves Ltd* X Sale Sale 1 . Dec. 27 Dec. 11 Dec. 27 Dec. 14 Dec. 7 X Dec. 21 3lX Dec. 4 21X Dec. 21 JA 93 —X. 88 IX IX Dec. Dec, Dec. Dec. 1 1 29 1 Dec. 1 7 7 Dec. 7 Dec. 15 12X Dec. 4 1 Dec. 4 Dec. 12 2 Sale" ^c79X Dec. 15 22 Sale Sale 2 Sale 2X 3 X Dec. 18 3X Dec. 13 3X X 59 X 2X 17 Sale" 62 X 63 4X Dec. 21 4X Dec. 30 X Dec. 14 63 Dec. 14 3X Dec. 7 1 22 Dec. 30 6 Dec. Dec. 29 Dec. 29 4 Dec. Dec. 22 30 Dec. 30 X Dec. 25X IX 2X X 5X X Sale IX Sale 15X 15X 4 5X IX 2X 2X Sale 17 17 X 8X Sale Dec. 12 1 Dec. Dec. 21 Dec. 30 2X Dec. 83 X Dec. 30 44 Dec. 19 2X Dec. • 6 3X Dec. 7 X Dec. 4 6 2 2 Dec. % Dec. 28 IX Dec. 26 15X Dec. 12 Dec. IX 3 X X 9X Sale 55 X Sale IX Sale 18X 19 1 Sale IX IX 1 72 10X 10X 11X Vi lH 2X 4X 1 IX 15X Sale Sale IX 3 X „ ix Sale 1 1 IX 13 X 15 2X 2X IX Sale X X June 27 Apr. 10 20 Nov. 4X 237 'At 9X IX 72 39 X 2X 2X 16X 8X 17 X IX Dec. Dec. Dec. Dec. Dec. 60X Dec. 11 4 19 19 27 3 Dec. 17 X Dec. 21 9 Dec. 12 18X Dec. IX Dec. 64X Dec. 1 Dec. 11 53 Dec. 11 X Dec. 5 IX Dec. 11 18X Dec. 29 X Dec. 26 IX 54 X IX Dec. 2 Dec. 4 Dec. 30 Dec. 1 19 Dec. IX Dec. 1 17 Dec. 21 Dec. Dec. Dec. 8 1 27 7 73 10X Dec. 5 11X Dec. 20 59 5 Dec. 11 5 Dec. 4 2X Dec. 6 3X Dec. 15 X Dec. 29 1 Dec. 12 13 X Dec. 20 2X Dec. 19 IX Dec. 26 19 X Dec. 6 Dec. 26 IX Dec. 5X Dec. 5X Dec. 2X IX X IX 9 Dec. 30 aV* Sale 50 16 5 Sale Sale 15 Sale IX Sale 3X 4X 3 Sale 5X Sale 2X 8 13 X a* Safe* Dec. Sept. Mar. Aug. 38X Jan. 6 Apr. X 15X 20 X Dec. 15 8 5X 1* Sal? 12 3X 8H Sale 6 6X 8 Sale IX Sale VA «V^ 6X Sale 5 5X 11X 13 6X Sale 11X 12 X 6X Sale 4 3 x Oct. 24 IX June 16 2M Jan. 5 17 X July 25 4X Nov. 30 2 Oct. 24 Jan. 10 Dec. 21 4X 17 X •9X 19 3X 68 June 1 Feb. 28 Sept. 5 Oct. 31 _ Apr. 10 J an. 4 Apr. 12 Dec. 26 Mar. 31 Sept. 11 . % Feb. 2H Jan. 30 32 2 6 17 Sept. 13 Jan. IX Sept. 11 73 Dec. 30 12 X Sept. 29 7X Feb. 18 9 Feb. 24 75 Sept. 5 2X Dec. 6 6X Feb. 28 IX Sept. 11 2X Sept. 5 16 X Dec. 9 5 Jan. 5 3X Mar. 14 5 7 Dec. 16 Oct. 20 Dec. 11 32 Apr. 10 62 X Sept. 27 17 Dec. 13 10 Apr. 17 13 11 *96 2 6 10X Dec. 12 9 X Dec. 12 5X Dec. 8 6X Dec. J> IX Dec. 19 4X 4X 6X Sale 4X 5 X Jan 6X Mar. 57 Dec. IX Dec. 7X Dec. 11X Dec. IX Dec. 104 5 Dec. 30 Dec. 30 4X Jan. 3 7 Sept. 5 11 5X Dec. 6 7X IX IX 7X Sale 11X Sale 22 30 13 X Dec. 4 10 Dec. 12 9 Dec. 12 6 Sale 4 Feb. 13 16 96 X Dec. 21 6 26 11 20 17 24 15 July 1 Sept. 14 May 11 May 19 Dec. Dec. Dec. Dec. Dec. 2X Sale 6 8X Sept. 11 IX Feb. 6 22 Oct. 30 6X Dec. Dec. 6 5 July 26 Apr. 12 Apr. 25 Dec. 5X 4 11X 17 7 8 7 4 28 25 28 4 2X June 15 2X Jan. 4 58 Oct. 23 9 6 2X Sale Sale 8X 14 X 24 Jan. 8 IX Aug. 30 1 July 13 Apr. 17 9 57 13 8 6 Jan. 26 13 X Apr. 6 X Jan. 17 47 X Apr. 26 8 2X IX 2X Dec. 6X Jan. IX Sept. 68 27 2X Sept. 12 Apr. 9 1 4 Mar. 20 23 8 Jan. Dec. 6 Dec. 28 Dec. 20 Dec. 19 28 Nov. fApr. 25 6 12 Dec. Jan. Jan. Jan. 25 242 7 %Jan. July Sept. 7 12 X Dec. 2X Nov. 3 Jan. Apr. 14 87 X July 49 X July 3 Oct. 4X Jan. Aug. 15 Jan. 4 25 1 . 6X Mar. Apr. 14 3 2X Jan. 20 36X Mar. 9 9 Apr. 11 July 8 Apr. 11 Apr. 12 10X Apr. 8 21 Feb. 7 1 X Aug. 21 IX Apr. 8 X Jan. 24 3X Feb. 23 7 % Jan, 21 89 X July 28 73 X Mar. 3 X 50 IX 5X Dec. 20 Sale 3 % Jan. 20 31 4X Nov, 30 2 Oct. 24 IX 19 X 18X 26 5X 5X Sale Sale Sale 1 53 7 19 Dec. 15 X Dec . 9 Jan., Dec. 69X Jan. 4X Dec. 30 7 Mar. 6 3 X Jan. 4 94 Nov. 17 1 5 4X Sale X X 59 X Sale 2X Sale Oct. 14 IX Dec. 27 74 Apr. 8 .-_-_XDec„27 6 80 X Dec. Sale 15 X Dec. 23 65 Nov. 8 IX Jan. 3 2 Dec. Dec. 23 3X Apr. 8 Feb. 27 X July 7 X Apr. 1 38 D"ec7~6 7 61 8X ... 5 28 55 "§X ~~9X — 1 12 83X IX ""lX Sale. 63 Van Norman Mach Tool com.5 Venezuelan Petroleum 1 For footnotes see page 53* Dec. 27 4X Dec. Sale 18 com 83,900 Yukon Pacific Mining Co X Dec. 12 IX 88X X 87 5X 7A X IX Sale MX 1§X 4 5X IX 2 2X 3 16 X 17 X IX common. - 27 .1 $5.50 priority stock Utility A Ind Corp 37,200 Valspar Corp common. $4 conv pref 3,475 23,550 131,000 3,240 7,700 % Sale 33 X Sale 22 24 X 68 78 4 4 4X Sale X Sale 60 X Sale 3 Sale 17 X Sale 25X 26X 2X 2X 3 3X - 1 Dec. 42 3 X ..... 7,400 3.300 70,000 16.875 6,900 Sale 1st pref.. .... 500 ■ SaTe 12X -20 $1.50 conv pref U S Radiator common —1 * U S Rubber Reclaiming... U S Stores Corp com—.- 50c $7 87 X 1 5X Sale :::i 2 147,700 United Wall Paper 1,800 Universal Consoi Oil Co....10 650 Sale 92 X 93 X Sale "I* 29,700 USA Internat Sec com... 1st preferred with warr.. 14,175 Dec. ""X United Specialties common—1 108,100 U S Foil class B Sale Sale 11 62X Dec. 18 6 "lX Sale 22 —1 25 25 Class B United Shoe Mach 4,900 400 61 Sale % h Sale. Sale 75 69 4X 12"66O 8,200 IX 31X dep rets for ord reg 20,400 United Stores Corp com—50c 50c 54,500 United Verde Extension 200 1H 244 United NJRR& Canal—.100 United Profit Sharing com_25c United Shipyards class A.. 1 101,700 28,500 12,955 32,400 28,100 6,000 1,630 Sale X "88" m $6 1st pref 215,100 1,050 United Milk Products com—♦ $3 preferred 475 United Molasses Co Ltd— 3.400 59 X 1,520 United 0 295,700 United Lt & Power Common class B 192,000 200 14 70 Sale Sale Sale United Elastic Corp... United Gas common........1 73,400 -— s 11 * $3 cum partlc pref.... Un Cigar-Whelan Stores... 10c United Corp warrants........ Dec. 3X Dec. 6 5 Dec. Dec. 11X Dec. 12 5X Dec. 11 2X Dec. 8X Dec. 8X Dec. 7 11X Dec. 5 IX Dec. 12 6X Dec. 11 5X Dec. 11 Dec. 18 6X Dec. 5 Jan. 3 Aug. 24 Apr. 18 8X Aug. 10 6 10 Sept. 2 7X Mar. 31 13 Dec. 12 .J1* 82 X Apr. 19 104 4X 2X Apr. 12 1 Apr. 8X Aug. 14 _ 8X Sept. 22 5 Sept. 15 Sept. 25 Sept. 27 4 100 June 8 Jan. Apr. 11 3X Sept. 11 86 2 2 L04 Dec. 26 4X Dec. 27 12 8X May 22 9 Dec. 12 Sept. 16 X May 23 Nov. 24 Jan. 3 Sept. 8 Jan. 6 Jan. 4 8 Dec. 12 Nov. Dec. 26 Nov. 20 Sept, 11 Sept. l6 15 X Mar. 14 8X Feb. 27 2 X Sept. 5 NEW 50 YORK CURB EXCHANGE aqqbeqate tec. 8,999,000 601,000 2,383,000 856,000 1,159,000 Alabama Power 4%s...—1967 1st & ref 5s.... 1956 6s 1st 5s. 1st & ref 6s 1968 .........1946 ....—1951 1951 329",666 5s registered 2,823,000 Amer Gas & Elec deb 5s. .2028 American Power & Light— 625,000 6,158,000 6,000 386,000 1,000 335.000 161,000 3,97-43)00 11,000 3,834,000 6,000 222,000 3,281,000 4,000 775,000 1,000 352,000 765,000 93,000 70,660 20", 606 54,000 111,000 8,000 105 Sale 104% Sale Sale 104% 108% Sale 106% Sale 2016 6s.. 602,000 Appalachian El Pow 4%s.l948 As_._. 1963 1,254,000 160,000 Appalachian Power 6s....2024 196b 3,641,000 Arkansas Pr & Lt 5s— 1953 4,627,000 Associated Elec 4%s ""9",066 102 % 104 106 62,,000 5s registered 4Hs series O.. 4% 8 registered 5%s___ Highest Lowest Highest Sale Prices Sale Prices Sale Prices Dec. 101% Dec. 14103 103% Dec. 13 104% Dec. 29 30 81% Jan. 96 87 102 98 118% 101% Sale Sale 47 33 34 1968 ....1968 ...1949 1949 1977 Sale 35 Sale Dec. 5 Sale 106% Dec. 16 107% Dec. 2 106% Sale 106% Dec. 29 107 4 30107% Nov. 27 104% Oct. 10 104% Oct. 10 106 Sept. 2 109% Jan. 10 105% Dec. 22 83% Apr. 10 105% Dec. 22 99% Sale 104 Sale 100 101 Dec. 13 108 107 99% Dec. Dec. 100 ""Dec. 27 102 Dec. 11 100 102 107% 106% Dec. 108% 107 108 Dec. Sale 111% Sale 8 107% Dec. 22 124 126 Dec. 5 128 Dec. 30 12 106% Dec. 20 106% Sale 56% Sale 24 29 Sale 27 33 Sale 24% Sale 43 46 Sale 32 128 Sale 106% 107 60% Sale 24% 28 27 Sale 26 Sale 32% 28% 34 Sale 126 1 111% Dec. 28 106% Dec. 56% Dec. 11 60% Dec. 30 7 25% Dec. 12 25% Dec. 28 21% Dec. 12 6 25% Dec. 29% Dec. 14 25% Dec. 28 26% Dec. 14 23 Dec. 94 35 5s registered ...1950 Assoc Tel & Tel 5%s A—-1955 73% 75% Sale 27% Sale 68 69% 72% Sale 30 26 69 Dec. 106 Dec. 15 Dec. 14 35 Dec. Dec. 30 Dec. 7 72% Dec. 30 5%s A registered—.—1955 Atlanta Gas Light 4Mb—1955 Atlantic City Elec 3%s.._1964 103% Avery (B F) Sons 5s w W..1947 5s ex-warr ——1947 91% 93 95 85 89 88% Sale 106% 107 104% Sale 106 97 105 106% 109 106 94% 91% 2 106% Dec. 106% Dec. 27 107 105% Dec. 94 Dec. 95% 88% Dec. 92% 96% Dec. 8 Dec. 6 91 Feb. Oct. 3 92 5 104 103% Sept. 20 108% 103 Sept. 6 111% 115 Sept. 13 128 101% Sept. 5 107% 41% Jan. 14 68% 23 Dec. 7 Feb. 9 June 15 Oct. Dec. July Nov. Aug. 31 28 26 20 1 4 3 9 4 25% Dec. 12 ilH 25% Dec. 28 21% Dec. 12 44 47 Aug. Aug. Aug. Aug. Aug. 14 Nov. 30 43 Aug. 14 43 Conv deb 5s__.......-.1950 3 Sale 107% 107% 107% 107 107% 108 f _3 103% Nov. 27 106% Nov. 4 4 106% Nov. 8 24 108% Oct. 18 104% Dec. 29 106% Dec. 15 107 100% Jan. Jan. Jan. Jan. Sale Sale 88 100 1948 Assoc Gas & Elec 4%s 5s Sale 85)4 Sale 6s registered 2016 90.0QQ 280,000 American Seating 6s stpd.1946 81,000 84,000 11,000 158,000 348,000 348,000 102% Sale 96% Sale 86)4 88 103)4 Sale 98)1 Sale 81 % Lowest Sale Prices 30 Ask 1,000 14",000 year 1939 ,„r4_ NEW YORK CURB EXCHANGE BONDS— 223,000 6,000 62,000 25,000 50,000 range for bices in december sales 12 Months In 1939 December 30 25% Nov. 35 Feb. 67 Sept. 78 Mar. 100 Sept. 97 Sept. 88 Sept. 82 Oct. Mar. 9 29 Aug. 3 10 40 5 83 9 78 6 106% Apr. 20 Sept. 27 Jan. 3 July 22 July 21 59 May 31 Mar. 9 2 Dec. 7 109% June 12 27 102 Aug. 15 13 95 July 18 9 Locomotive Works— AConvertible 6s— 1950 6,466,000 1,425,000 Bell Tel of Canada 5s A... 1955 Baldwin 373,000 31,000 101,000 73,000 21,000 324,000 .112,000 27,000 207,000 200,000 100,000 132,000 194,000 232,000 138,000 9,000 44,000 184,000 9,000 28,000 1,926,000 757,000 272,000 4,072,000 2,006,000 615,000 558,000 Cities Service 5s......—1966 5s registered .......1966 6,000 1950 1,319",660 14,130,000 Conv deb 6s 58 registered.........—1950 2,000 1958 248",660 2,660.000 5s 5s registered... —1958 2,000 5s 1969 216",666 1,290,000 937,000 10,961,000 Cities Service P & L 5%s.l952 5)4s gold deb..—.....1949 3,656,000 428,000 *10,566 94,000 3,000 Sale 112 Dec. 1103 1203 Sale 10527m106 121 124 144 Dec. Dec. Dec. Dec. 7 105% Dec. 14 115% Dec. 28 116% Dec. 27 82% Apr. 11 139 Sept. 5 110% 101% Sept. 18 126 103 Sept. 18 130% 144 Dec. 142 126 Sale 94% Dec. 93% 98 '^%-Dec. Sale 94% Sale —92 99% Dec. 98% 100 100% 101 98 125)1 69 83 2,484,000 Community Pow & Lt 5s.. 31,000 Conn Ltg & Pow 7s A—. 7s A registered— 2,000 87,000 Consol Gas of Bait 4%s... Consol G E L & P Bait— 1957 Sale 139 87% Sale 97% Sale Sale 82 Sale 106% Sale Sale Sale 97% Sale Sale Sale 36% Sale 37% Sale 71% Sale Sale 98% 104% Sale 75 139 80 73% Sale 98% 78% 106% 99% 36% 38% 73% Dec. •6 Dec. 29 94% Dec. 29 Dec. ,101 104% 105% 104% Dec. 22 106 Dec. 7 Dec. Dec. W483 103 9 Aug. 4 100 % July 25 2 69% Jan.—5 97% Aug i 81 Jan. 27 102 July 25 86 Sale 71 71% Sale 77% Sale 77% Sale iv* 88 32 88 93 85 Dec. 19 91 77% Sale 75% Dec. 18 80% Dec. 21 72"" 76% Sale 71% Dec. 78% Dec. 21 Dec". 78% "Dec." 21 Sale 75 72% 71% 83% Sale 83% Sale 75 76 92 Sale Sale 126 Sale 106% Sale 109% 110% Sale 71% Sale 125 127 111 109 Jan. 13 55% Jan. 27 May 9 Mar. 10 18 Dec. 23 Oct. Mar. 13 46% Mar. 11 74% Aug. 15 98 91% Sale 93 132 Sale 140 71% Dec. 21 93% Dec. 20 93% Dec. 20 78 71% Dec. 83% Dec. 83% Dec. 88 132 126% 129% 125 Dec. Dec. Apr. 11 106 Dec. 7 100% Dec. 26 104% Jan. 9 4 43% Dec. 27 56% Oct. 17 Dec. 28 Dec. 28 70% Jan. 14 86 Dec. 28 Dec. 28 72% Jan. 17 91 76% Sale 129% 132 1969 Jan. 89 Sept. 30 105% 75% Sept. 22 105 96% Jan. 3 107% 81 Apr. 10 99% 46 35 Jan. 4 71% Jan. 72 "71% Sale" Sept. 13 150 6 102 46% 11 95% Dec. 15 98% Dec. 30 Sale Dec. 1 77% Dec. 21 82 80 1 9 106% Dec. Sale 105% Dec. 1 99% Dec. 23 99% 97% Dec. Sale 35% Dec. 28 37% Dec. 14 6 39 Dec. 9 37% Dec. Sale 4 73% Dec. 30 71% Dec. Sale 100% 101% 100% Dec. 26 101 Sale 43% Dec. 27 48 47% 46 83 90 79% Dec. 6 104% 105 101 75% Sale 129% 133 1971 Sale 93% 1951 3)48 series N 141 120 -92 % 1951 1954 3s series P.. 826,000 324.000 . 112 Sale 117 118 105% 111% 112% 115% 116% 111% 112% 112% Sale 116% 117 72% 85 84% 1,008,000 Canada Nor Power 5s....J953 103% 1,434,000 Canadian Pacific JRy 6s...1942 102 96% 3,790,000 Carolina Pr & Lt 5s ..1956 1,448,000 Central Power 5s ser D—1967 83% 35% 1.830.000 Cent States Elec 5s...—1948 4.468.0001 5)48--. — 1954 35% 57% 4,227,000 Cent States Pr & Lt 5)48—1953 Chicago 111 Midland Ry— 98 467,000 414s series A.. ...1956 Chicago Junction Rys & 375,000 Union Stock Yards 5s..1940 104 44% 1,475,000 iAChic Rys 5s ctfs of dep.. 1927 69% 126,000 Cincinnati Street Ry 5%s_1952 68 118,000 68 series B— —1955 53,000 320,000 1,000 115 1957 5s series O .......1960 Bethlehem Steel 6s.. ...1998 Birmingham Elec 4%s 1968 Birmingham Gas 5s. . —1959 Broad River Power 5s A..1954 1st M 5s ser B June 1 93% Dec. 22 132 Dec. 16 Dec. 18 127 Dec. 1 Dec. 22 Dec. 6 7 108 107% 107% 106% Dec. 109% 110% 109% Dec. 21 110 66 13 Oct. 11 Apr. 11 70% Sept. 29 66 Apr. 74% Mar. 8 2 67% Apr. 11 72% Jan. 12 72% Jan. 12 84 Mar 9 78% July 13 78% Mar. 9 7fi Mar. 1 78% Dec. 21 75 July 13 78 Dec. 21 93% Dec. 20 93% Dec. 20 74% Apr. 8 93% Dec. 22 Dec. 16 126% Aug. 22 132 128% June 27 128% June 27 120 Nov. 6 131 July 17 98 Sept. 26108 101% Sept. 14 113 3 June 21 Aug. Consol Gas Utilities— 151,000 659,000 6s A stamped .... 1943 1,043,000 9,877,000 Continental G & El 5s.... 1958 5s A registered .... 1958 1,000 60 61 81% Sale 74 90% Sale IVA 92 "8",660 62 60 60 147,000 1944 168,000 Cuban Tobacco 5s 1,218,000 Cudahy Packing Co 3%s.. 1955 28,000 I,000 120,000 84,000 47,000 II,00 487,000 Delaware Elec Pow 5)48—1959 331,000 Denver Gas A Elec 5s....1949 983,000 ^Detroit Int. Bdge 6%s_.1952 iCtfis of deposit. 632,000 i25-yr s f deb 7s—....1952 334,000 iCtfis of deposit......... 146,000 104 624,000 80,000 358,000 7,000 6,581,000 Eastern Gas & Fuel 4s A..1956 1,020,000 Edison Elec Ilium 3)48—1965 2030 5,077,000 Elec Pow & Lt 5s— 13*666 ' 35,000 4,000 14,000 142,000 69,000 176",000 126,000 Elmira Wat Lt & RR 5s..1956 5s registered 1.000 .... 1956 .....1950 277,000 El Paso Elec 5s A Empire Dist Elec 5s 1952 1,496,000 Ercole Marelli Elec Mfg— 43.000 15,000 234,000 79.656 190.000 54.000 1,000 140,000 151",666 26,000 "If.OOO 6,000 105 106% 106% 7% Sale 7% Sale % 84% Sale 46 Sale 49% 73 90% Dec. 61% 95% Sale 60 93 Dec. 13 5 77% Dec. 30 Dec. Dec. 61% Dec.J20 94% 95% Sale 5 25% 98% Sale 50 103% Sale 74 104% 105% 105 104 103% 104 45 49% 111 Sale 82 98 Sale 73 77 74 87% 94% 95% 111 Dec. 21 81% Dec. 26 118% Dec. 2 2 105% Dec. 1 104% Dec. 18 13 106 Sale 66% Sale 10 70% Sale 96% 97 106% Sale 66% Sale 17% 20 70% 71 106 56 88 59 89 108%U09% 1945 49% 54 48 53 75 77 57% 62 76 79 78% 81 107% 110% 107% 110 61 Sale 60% 63 46 Sale 47 50 18 23 Oct. Feb. Feb. Jan. Feb. % Aug. % Apr. Oct. 3 2 10 3 27 53% Apr. 11 103% Sept. 5 May 26 66% Apr. 11 107% Jan. 19 109% Mar. 3 Nov. 22 100 98 Sept. Sept. Dec. 26 Mar. 3 Oct. 28 6 1 104% Dec. 13 3 31% Sept. 26 50% Jan. 106% Oct. 4 109% Oct. 20 99 Dec. 29 Dec. 29 81 Dec. 9 15 12 Aug. 3 89% Jan. 4 99 92 Apr. 10 104% Nov. 14 1 99 Dec. 1 104% Dec. 18 Dec. 19 6 101 Dec. 20 Dec. 20 4 83% Dec. Dec. 13 Dec. 28 100 Dec. 1 98%. Dec. 12 90 78 Dec. 14 73 87 Dec. 97 Dec. 9 1107 f Dec. 19 69 ,1 Dec. 18 18 i' Dec. 29 8 71 Dec. 29 95 58 18 69% Dec. Dec. 20 104% Feb. Mar. 23 25 July Jan. Dec. 77 79 74% Dec. Dec. 29 Dec. 29 Jan. Dec. 64% Sept. Oct. 59 65 4 101 90 28 Apr. 21 101 Apr. 8 98% Feb. 20 77 Jan. 9 97 95% Jan. 18 Dec. 29 Apr. 11 75% Oct. 66% Dec. 30 60 4 Oct. 4% Aug. 70 Great North Pow 5sstpd—1950 Jan. 53 98% Dec. 103% Dec. 95 97 99 76 86 93% Aug. 3 92% Aug. 1 68% Jan. 11 9 19 80 77% Dec. 30 79% Apr. 92% Aug. 55% Sept. 88 Sept. Dec. 20 94% Dec. 20% 98% Sale 103% Sale Dec. 13 Dec. 11 47 Dec. 11 6 109% Dec. 23 108% Dec. 98% Sale 24 58% Apr. % Dec. 12 47 99% 100% 100% Sale 100 82 80 82% 80 98% 99% 98% 99% 100 95 Sale 95 98% Sale Sale Dec. 8 79 Dec. Dec. 5 % Dec. 118% Dec. 78 Dec. 22 6% Dec. 109% Dec. 112 Dec. 16 106% Dec. 28 102% Sept. 106% Dec. 4 102 Sept. 6% Dec. 1 4% Apr. Dec. 76% Sale 110% 111 80% - Sale 92 96 106% 105) Dec. 106) Dec. 5% Dec. ""5% Sale 6 Sale 5% Dec. % % Dec. % % Dec. 108% 108% 109 97 97% Sale 60 Sale 26% 72% Sale 53* 104 90 8,569,000 Georgia Power ref 5s.....1967 see page 1 Sale Sale 95% 236,000 Gen Pub Serv Co 5s......1953 2,154,000 Gen Pub Utilities 6)48 A—1956 1948 14,000 *Gen Rayon Ltd 6s A 1,141,000 Gen Wat Wks A El 5s A..1943 For footnotes 8 74 110 1 105% Sale 102% 103% 50% 89% Sale 1954 95% Sale Grocery Store Prod 6s Guantanamo A W Ry 6s..1958 Sale 104% Finland Residential Mtge 6s stamped 484,000 1961 7,000 iFirat Bohemian Glass 7&.1957 1966 2,541,000 Florida Power Co 4s C Georgia Pow A Lt 5s ...1978 tGesfuerel 6s...—.... 1953 Glen Alden Coal 4s. 1965 4s registered.......... 1965 Gobel (Adolf) deb 4%s—1941 Grand Trunk West Ry 4s 1950 106% 107 6% Sale 78% Sale 118% 119 99% 100 Sale Sale 106 Sale 110% 112 74% Sale 108% 112 1,255,000 Federal Water Serv 5)4s—1954 856,000 6,000 1,839.000 1,000 321.000 348,000 42,000 110,000 81,000 Sale 105 1 61 % 50% Sale 107% 108 Gary Electric A Gas— 5s ext stamped........1944 1,331,000 370,000 Gen Bronze conv deb 6s.. 1940 61% Sale 96 -1953 1967 6%s— 74,000 240.000 Erie Lighting 5s 399,000 11,381,000 Florida Power A Lt 5s 68,000 64% Sale Oct. Dec. 20 Jan. 3 Oct. 28 Dec. 12 Aug. 25 Dec. 9 107 Nov. 13 June 13 29 Mar. 8 Jan. 3 Oct. 6 Dec. 29 II* 70 77 91 Mar. 11 3 105 60% Dec. 28 62 46 49 Dec. 1 D Sept. Sept 8 47 Mar. 62 Oct. 23 45 Apr. 53 Jan. 109% Mar. 31 9 NEW Jan., 1940] CURB YORK AGGREGATE SALES In Guardian Investors 7,000 33,000 "~5~,666 31,000 20", 000 4,000 39,000 264,000 210,000 189,000 360,000 19,000 5,000 55,000 71,000 164,000 153,000 81,000 31,000 35,000 36,000 42.000 289,000 116,000 64,000 228,000 55,000 18,000 10,000 22,000 6,000 92,000 679,000 70,000 208,000 346,000 1,000 265,000 54,000 Ask Bid Dec. 30 Ask Bid 1948 iHamburg Elec Co 7s 1935 iHamburg E & Und Ry 534s'38 Heller (W E) & Co 4s w w.1946 Houst Gulf Gas 634s x W..1943 Ask 1943 6s. Houston Lt & Pr 334s 1966 iHungarian-Ital Bk 7 34S--1963 Hygrade Food 6s ser A 1949 6s series B 1949 _ 273,000 IntPow Sec 6 34» series 0__ 1955 7s series E 1957 461,000 7s series F 1952 432,000 1957 5,426,000 Interstate Power 5s Debenture 6s 1952 2,054,000 Interstate Public Service— 5s series D 1956 3,797,000 1958 434» series F Iowa-Nebraska L & P 5s.-1957 41 44 43 47 4134 Sale 26 34 40 15 50 15 30 95 9634 100 102 103 34 Lowest Lowest Highest Sale Prices Sale Prices Highest Sale Sale Prices Prices 103 109 34 Sale 8 Sale Sale 50 64 H 6434 65 66 10834 Sale Sale Sale 95 34 10234 10534 Sale 101 Sale 100 10534 10434 10534 10134 Sale 9834 9834 Sale 9934 Sale 102 34 96 98 86 Sale 84 34 86 5634 Sale 6534 6534 Sale Sale 10734 9834 10434 10534 10234 9934 7234 Dec. 4 66 Dec. 16 59 Jan. 8 66 Dec. 22 60 Apr. June 12 109 Sale 10634 9534 10234 10534 Sale 101 Sale Sale 10534 10534 10134 9934 9834 Sale Sale 7034 Sale 66 69 6334 Sale 48 54 41 Sale 4034 42 49 53 4634 4434 6534 Sale Sale Sale 46 44 47 Sale Sale Sale 100 34 Sale 66 6734 6334 10834 10834 10934 10734 10234 10234 10534 Sale Sale 40 80 Sale 5734 42 Sale 38 41 32,000 33,000 57,000 "635,000 Jacksonville Gas 5s stpd—1942 728,000 Jersey Cent P & L 5s B_—1947 4 Ma series O 1,838,000 1961 40 105 11,000 29,000 198,000 210.000 16,000 23,000 120,000 Kansas Electric Pow 334&-1966 92,000 Kansas Gas & Electric 6s.. 2022 2,545,000 Kentucky Utilities 5s —1969 1961 5s 2,296,000 428,000 634s series D 1948 534s series F ..1955 428,000 10334 105 11934 Sale . 49 5 7 46 42 Dec. 2 6534 Sale 63 Dec. 21 49 46 Dec. 21 Sale 1 19 19 5 13 12 13 7 Isotta Fraschini 7s Italian Suerpower 6s 1961 1958 7S--1952 - Sale 10534 10534 Sale 40 Sale 30 29 23 7 7 82 Jan. 10334 Dec. 7 77 Jan. 10434 Dec. 7 1 10334 Dec. 1 10434 Dec. 7 15 10534 Dec. 10534 Dec. 11 10534 Dec. 26 Dec. 29 109 109 Dec. 29 44 Dec. 18 4634 Dec. 30 Sate 9334 Sale 99 100 10634 101" 104 91 Sale 1 30 Dec. 102 Nov. 7 10234 Dec. 9934 Nov. 3 7534 Aug. 4 74 Aug. 3 8834 June 7 110 May 10 31 Dec. 10? <4 91 19 Dec. 22 Dec. 28 7 Dec. 4 Dec. Dec. 10534 10634 10534 10634 106 12234 12334 12534 127 123 Sale 10234 Sale 10134 104 Sale 10234 103 10234 105 107 10534 10534 10534 103 105 10334 10334 103 90 19 5034 4534 6634 5034 102 40 Dec. 30 46 4434 4534 .45 4634 4434 Dec. 10334 10334 10334 10234 Dec. 10534 10534 10534 Sale 105 Dec. 106 5034 Apr. 49 Apr. 6034 n ov. 9934 Sept. 8 Dec. 10634 Nov.'21 10334 Dec. 13 10534 Nov. 15 Jan. 86 Feb. 271 Dec. Dec. 29 102 103 io?H 105 42 105 3434 Dec. 16 10134 Sept. 8534 Jan. 9534 Apr. 99 Sept. 9234 Sept. 9634 Apr. 9934 Apr. 85 Apr. 15 80 1963 Dec. 11 10834 Dec. 1 101 Dec. Dec. 1 105 Dec. Dec. 1 106 Dec. Dec. 1 10334 Dec. Dec. 1 105/1# Dec. Dec. 7 105u3jDec. Dec. 5 10234 Dec. Dec. 4 Dec. 9934 Dec. 1 Dec. 7234 Dec. 1 Dec. 7034 Dec. Dec. 27 6734 Dec. Dec. 16 10834 Dec. 3934 Dec. 4534 Dec. Sale Sale Sale 10534 106 10534 10534 10634 110 10834 110 Sale 46 4734 —1942 58 series B Iowa Pow & Lt 4 34» A Isarco Hydro-Electric Dec. 12 Dec. 6734 Sale 105 65 66 82 34 77 30 10234 June 27 10334 Nov. 13 65 5554 10034 100 34 10534 49 34 Feb. 18 July 27 July 10 67 80 5534 5834 Sale 40 Sale July 8 Sept. 9434 Jan. !100 Sept. 10134 Apr. 102 Sept. 8 July 50 30 Apr. 10 25 66 55 108 36 11134 June 6 8 July 21 July 13 72 47 2 50 Sale 10034 86 4434 Dec. 12 35 14 3d 15 16 Dec. 7 Dec. 15 Sale Dec. 1 10234 Dec. 19 10234 10234 102 10334 104 10334 104 Dec. 12 10334 10434 10434 105 104 Dec. 2 105 110 Sale Dec. 29 11034 Sale 10834 Dec. 9 111 30 633 63J 4134 Dec. 30 50 102 105 108 ioi",666 1939 Corp— 5s series* A 444,000 Idaho Power Co 3s4s 1967 1,442,000 Illinois Pow & Light 5348--1957 5 34s series B 1,935,000 1954 6s series A *—1953 2,912,000 5s series C 1956 5,028,000 714,000 Indiana Elec Corp 6s A 1947 220,000 634s series B 1953 5s series C 1951 2,030,000 512,000 Indiana Hydro-Elec 5s A--1958 1950 1,313,000 Indiana Service 5s 1st lien & ref 5s 1963 1,280,000 608,000 ilndiana polls Gas 5s A 1952 761,000 Indianapolis P & L 3 54 s—1968 5,732,000 1,689,000 217,000 386,000 314,000 35,000 1,626,000 Dec. 1 1939 Bid BONDS (Continued) 341,000 YEAR Jan. 3 1939 16,000 RANGE FOR PRICES IN DECEMBER • Price NEW YORK CURB EXCHANGE 112 Months December 51 EXCHANGE Dec. 9 10334 Dec. 27 4 10534 Dec. Dec. 10634 Dec. 22 Dec. 126 Dec. 21 9 Dec. 10234 Dec. 2 10434 Dec. 29 Dec. Dec. 13 10534 Dec. 26 4 10334 Dec. Dec. 4 31 Sept. 27 Sept. 19 Sept. 19 55 Apr. 8 3834 Jan. 28 9834 Jan. 98 9 73 July 29 5534 Nov. 15 109 Sept. Sept. Oct. Sept. 38 102 5 9 Mar. 10534 Dec. 7 10534 Dec. 26 Jan 10254 3034 5734 3034 5234 Jan. 54 5534 Mar. Dec. 29 Jan. 102 5234 Jan. 80 44 Jan. 12 3 Mar, JO 30 4934 Aug. 15 May *29 107 Feb. 24 Sept. 9 10634 Mar. 21 98 Sept. 18 Sept.13 Sept. 6 8934 Apr. 10 100 Sept. 5 3 9334 Jan. 114 88 108 Mar. 17 12634 Aug. 16 10234 Dec. 9 10434 Dec. 29 107 Nov. 8 10434 Nov. 18 Lake 27,000 14",000 56,000 71,000 101,000 730,000 6,000 511,000 570,000 1,118,000 1,735,000 Superior Dist Power— 334 % series A 1966 Lexington Util 5s 1952 Llbby McNeill & Libby 5s. 1942 Long Island Ltg 6s 1945 Louisiana Pow & Lt 5s 1957 AMansfield Mining 7,000 7,000 100 10334 Sale 10634 Sale 263 1023 10434 Sale 90 92 Memphis Comra'l Appeal— Debenture 4 His ...—1956 1947 60 9434 10 10334 80 9524 8934 87,000 201,000 1,000 72,000 211,000 144,000 75,000 122,000 1,848,000 2,620.000 1,000 1,144,000 3.408,000 4,235,000 549,000 1,566,000 Milwaukee G L434* Minn Pow & Lt434s_. ..1951 Missouri Pub Serv 5s A—1960 108 76,000 83,000 127,000 Nassau <fc Suffolk Ltg 5s—1945 Nat Pow & Lt 6s A 2026 74 77 98 Sale 9234 Sale 125,000 8,000 270,000 564,000 2,291,000 3,617,000 193,000 221,000 615,000 295,000 3,210,000 8,000 108,000 21,000 188,000 297,000 288,000 2,000 1948 151,000 New Amsterdam Gas 5s 3,396,000 New Eng G A Elec Assn 5s 1947 5s 1948 1,015.000 Con v deb 5a 1950 3,713,000 1948 3,872.000 New Engl Pow Assn 5s Deb 534s 1954 3,065,000 147,000 New Eng Pow Co 334s A—1961 8,000 14,000 Mengel Co 434s 1971 4s series G 1965 Middle Sts Petrol 6 34® A. .1945 Midland Valley RR 5s 1943 Met Edison 4s series B 15 1 9834 Oct. 2234 Jan. 1 95 40 10334 Dee. 21 10234 Sale" 10234 Dec. 13 10334 10434 10334 D0ec. 6 10734 10734 10634 Dec. 7 88 106 107 109 1st & ref 5s Mississippi Power 5s Miss Power & Light 5s 97 84 60 Sale 1967 —1978 1978 9934 9934 Sale Sale 104 104 Dec. Dec. 5 10434 Dec. 9 10734 Dec. 22 10434 -1955 1957 2030 - 2022 ..1981 Nelsner Bros Realty 6s—1948 Nevada Calif Elec 5a 1956 108 9334 Sale Sale 8234 Sale 89 Sale 10934 7334 7434 36 38 11534 116 10734 Sale 9634 9834 78 Sale 118 121 5434 5434 5434 9134 93 34 10734 5534 Sale Sale Sale Sale Sale 25 10434 10534 10434 Dec. 67 70 70 1 Dec. 29 10434 Dec. 7334 Dec. 1 4 98 98 100 Dec. 6 9734 Dec. 13 98 Sale 83 Dec. 5 8734 9034 88 Dec. 23 10934 10634 10934 10634 Dec. 20 10834 Dec. 9 11034 108 Dec. 5 11034 Dec. 15 11034 109 10034 100 10034 9934 Dec. 22 10034 Dec. 14 Sale 65 67 Dec. 29 6934 72 Dec. 8 Sale Sale 10034 10234 t ANat Pub Serv 5s C O D.1978 Nebraska Power 6s— 76 10834 10934 9934 69 Miss River Power 5s Deb 5s series B 17 72 1955 434s registered 434s 10534 10634 10434 Dec. 11 10634 Dec. 10034 101 10034 Dec. 102 10234 10134 Dec. 10134 Dec. Sale 10434 10534 106 10434 Dec. Sale 9934 Sale 103 9934 Dec. 103 Sale 103 Dec. 10334 104 11034 11134 10934 Sale 10934 Dec. 96 Sale 9134 92 9134 Dec. 9734 11134 10634 99 Sale Sale 27 28 3i 124 12531 11034 Sale 102 104 7834 Sale 12034 12234 6534 Sale 65 69 6534 Sale 97 Sale 9834 Sale 10734 10834 9834 9934 9834 11134 Sale 11134 Sale 107 10634 24 2534 2434 121 12434 124 10834 10834 10834 10534 10734 10234 79 Sale 123 76 21 10134 Dec. 6 22 10234 Dec. 29 11 10134 Dec. 11 27 106 Dec. 15 1 103 Dec. 30 1 10334 Dec. 7 27 111 Dec. 4 6 9634 Dec. 22 5 Dec. 9934 Dec. 15 Dec. 27 112 Dec. 7 6 10734 Dec. 27 Dec. Dec. 23 27 Dec. 5 Dec. 8 12434 Dec. 21 1 Dec. 21 11034 Dec. 7 10634 Dec. 23 Dec. Dec. 14 4 7934 Dec. 12034 Dec. 15 121 Dec. 22 Sale 23 Sale 19 65 Dec. 8 6934 Dec. 5 6534 Dec. 6934 Dec. Sale 1 6534 Dec. 69 Dec. Sale 97 1 Dec. 9934 Dec. Sale 1 10034 Dec. 9834 Dec. 10934 10734 Dec. 15 108 Dec. 18 29 29 16 New Orleans Pnblic Serv— 36,000 97,000 9,000 133,000 3,000 4,000 637,000 1,295,000 5s stamped.... A6s series A 1942 1949 209,000 aN Y Pa & O RR 4 34*stpd 1950 1980 3.051.000 N Y State E & G 434s 55,000 N Y & Westchester Ltg 5s-'54 4s 2004 248,000 Nippon Elec Pow 634® 1953 Nor Amer LAP 534s A—1956 42",666 102,000 834,000 631,000 573,000 310,000 494,000 648,000 986,000 180,000 1,272,000 39,000 98,000 96,000 356,000 Ogden Gas Co 5s—.—..1945 —1968 1,397,000 Ohio Power 3 348 1962 1,043,000 Ohio Public Service 4s 3,000 49.000 24,000 38,000 33,000 39,000 20,000 38,000 North Boston Ltg Prop 334® '47 Nor Cont Util 534s A 1948 Nor Indiana GAB 6s—...1952 Nor Ind Pub Serv 5s 5s series D 1966 1969 4Ks E 1970 Northwest Elec 6s stpd—1945 Nor'west Pub Serv 5s A—1957 For footnotes see page 53. 2 10834 July 24 30 Mar. 18 104 Mar. 8 2 Nov. 17 10234 Dec. 13 105 Feb. 14 91 Jan. 4 10434 Nov. 14 10234 Sept. 1 10734 June 7 & Smelt— 7s ex-warrants 1941 36,000 195,000 Marion Reserve Pow 4348-1952 1943 68,000 McCord Rad & Mfg 6s 26,000 17,000 40,000 4.000 40 Sale 10334 105 10334 104 107 Sale 77,000 115,000 295,000 413,000 239,000 381,000 9.000 16,000 Sale 10 iLeonard Tietz Inc 7348—1946 10034 102 9234 Sale 74 80 9934 Sale 11234 10534 Sale 40 58 97 Sale 102 101 83 105 Sale Sale 102 10234 Sale 10234 10234 10034 79 8034 7934 10534 Sale 10434 11234 11334 112 11234 10534 106 10434 55 • 84 Sale Dec. Dec. 11 "4534 "4734 65 Sale 10234 10234 Dec. 10634 Sale Dec. 21 Sale 48 Sale 4634 Dec. 10834 Sale 10734 10634 Dec. 10534 106 10534 Dec. 10534 Sale 10534 Dec. 104 10434 10334 Dec. 106 103 10534' 106 10434 10434 10434 105 10434 Dec. 108 11034 Sale 107 Sale 10934 Sale 10834 4 11034 113 11034 Dec. 108 10834 10534 Dec. 109 10934 10834 Dec. 29 15 14 23 15 55 Dec. 21 10234 Dec. 26 10434 Dec. 28 106 10734 10534 106 10534 Sale 10434 Sale 10434 10634 9734 9834 107 6 Dec. 11 106 106 55 Dec. Dec. Dec. Dec. Dec. 10234 65 103 Dec. 10334 Dec. 28 8334 1 10534 Dec. Dec. 13 11234 2 Dec. Dec. 11 49 12 10834 Dec. 12 10534 Dec. 4 11 10534 Dec. 5 104®m Dec. 14 1 1 5 10534 Dec. 14 11134 Dec. 19 10834 Dec. 29 1 10934 Dec. 2834 Jan. 11 3134 Aug. 7 9934 Sept. 22 10534 May 23 May 1 7534 Nov. 15 45 9434 Oct. 82 Apr. 4 14 9854 July 21 9134 Mar. 10 102 Sept. 7 110 104 Sept. 11 11034 9334 Jan. 3 10034 5834 May 2 7334 Nov. 17 May 23 Dec. 14 Oct. 30 9334 Apr. 13 10134 Aug. Sept. 7 103 Oct. Dec. 11 10134 Dec. 102 Apr. 14 107 Aug. 4 103 8234 Jan. Dec. 8834 Jan. 12 10334 Aug. 107 Sept. 6 11134 Nov. 7334 Jan. 10 9634 Dec. 10? 34 77 Jan. 5 98 Jan. 3 112 2 25 11 4 30 15 1 22 9934 Dec. 15 Oct. 9234 Jan. 3 3 10734 Nov. 24 Dec. 23 38 Apr. 11434 Sept. 8 125 Nov. 10734 Jan. 3 11134 May 96 Jan. 23 10934 July 7234 Sept. 5 8934 Mar. 25 114 55 54 27 18 18 10 29 Oct. Jan. Jan. 2 12334 July 14 27 5434 Jan. 3 8754 Apr. 11 90 Apr. 10 10034 Oct. 3 9934 8934 7734 97 11134 10134 July July 7344 July 9934 Dec. 10034 Dec. 10934 May m 2 104 Feb. Apr. 11104 Sept. 23 8634 Sept. 5 10534 Sept. 29 11334 Sept. 25 10634 July 29 29 6 7 10 29 31 18 Nov. 27 Mar. 23 Nov. 9 May 26 June 13 49 Aug. 28 58 Mar. 11 Apr. 11 10234 Dec. 26 Sept. 6 108 Nov. 22 Dec. 29 5834 Aug. 7 Sept. 6|11034 Oct. 17 101 Sept. 7 107 Jan. 26 10034 Sept. 7|10634 Jan. 11 96 Sept. 6 10534 May 29 104 Feb. 21 108 May 23 95 Apr. 8 10534 Nov. 9 9534 10034 4634 10534 104 97 Sept. 29 11134 Dec. 19 Sept. 5; 109 34 Aug. 1 9934 Sept. 6 11034 Nov. 27 NEW 52 CURB EXCHANGE YORK aooreoa tb NEW In Jan. 3 Bid (<Concluded) 268,000 0 da Nat Gas 3^8 B 1955 43,000 GilaPow & Water 5s A—1948 1940 192,000 1 acific Coast Power 5s 767,000 Pacific Gas & Elec 6s B—1941 Pacific Investing 5s A 1948 Without warrants 240,000 69,000 Pacific Ltg & Pow 5s 1942 6,207,000 Pacific Power & Light 5s__1955 131,000 Park Lexington Bldg 3s—1964 4,963,000 PennCentLt& Pow4MS-1977 5s. 1979 254,000 1,952,000 Penn Electric 4s series P.-1971 4s series P reg 107 M 107 h 101 102 113M Sale 100M 103 110M Sale 95 M 92 M 94 113M H4M 76 Sale 30 32 92 M Sale 98 Sale 97 Sale 96 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale 107 93 M Sale 92 107M 107M 107M 107 108 M 109 M 109 M 105 M 107 M Sale 107 M Sale 108 106 M 107 108 111M 108 Sale 107 M Sale 106M 100 H 101M 95 M 96 M Sale 98 98 M Sale Sale Sale 113M Sale —1959 107 M 1947 5s series D .1954 Penn Water & Pow 4MS--1968 5s l 1940 Peoples Gas Lt & Coke 4sB_'81 4s series D 1961 Phila Elec Power 5 Ms 1972 Phila Rapid Transit 6s—-1962 Penn Pub Serv 6s C Sale — 104M Sale 91M 77 Hydro-Electric Co— 50 6 Ms series A 664,000 1960 1949 105 140,000 Pittsburgh Coal 4s 98 1948 374,000 Pittsburgh Steel 6s Sale 92 M 107 Sale Sale 114 94 M 106 108 M 107 M 107 M 107 M Sale 95M Dec. 21 96 109M Dec. 14 110 1 94 M 92 M Dec. 43M Dec. 26 44 M », 1 102 Dec. 14 104 104 M Dec Dec. 20 104 103 M ~ 104 Sale 7 107 M Dec. 4 8 104 M Dec. 16 100% Dec. 2 100 M Dec. 12 100M 103 1 109 M 110M 109M Dec. 29 110M Dec. 110M 112 110M 115 94 M Sale 92 M Sale 45 43 M 42 M 44 Sale 102 M Sale 102M 104 M 103 M 104 M 104 104 % 104 M 104 M 104 M 107 Dec. 103M 102M Dec. 102M 103M 103 Without warrants 5Ms series B Sale Lowest Sale Prices 30 Ask Ask Bid Bid Sale 91M 1962 1950 Penn-Ohio Edison 6s 744,000 1,195,000 359,000 112,000 606,000 333,000 2,325,000 2,516,000 1,643,000 181,000 Ask 1971 5s series H__ 10,000 623,000 Dec. Dec. 1 1939 BONDS 106 M 100 94 96 % Dec. 34,000 iPomerania Elec Co 6s—1953 1,913,000 Portland Gas & Coke 5s.-1940 5s certifs of deposit 1940 2,000 Potomac Edison 5s ser E--1956 4 Ms series P Potrero Sugar 7s 1961 stamped .1947 Power Corp of Can 4 Ms B-1959 iPrussian Electric 6s 1954 18M 64 46 51 106 Sale Sale 104M 105 99 M 100 8 23M 81M Sale 30 Sale 107M 108 109M 110 109 110M 111 39M 111 49 M 83 41M 102 M Sale 18 22 8 53 M Sale ' 30 50 M 87 14 Sale 111 Sale Dec. 14 76 12 32 Jan. Dec. 19 91 Jan. Dec. 20 Dec. 88 30 1,071,000 1966 304,000 Pub Serv of Okla 4s 6-,892t000 Ruget Sound P&L5 Ms.-1949 5s series C 1950 2,870,000 4Ms series D_ 1950 3,679,000 _ - 930,000 Queens Boro G & E 5MS--1952 77,000 A "Ruhr Gas Co 6 Ms 7,000 iRuhr Housing 6 Ms A 1953 1958 iSt Louis Gas & Coke 6s_1947 61,000 afe Harbor Water Pr 1979 559,000 1952 86,000 San Joaquin L & P 6s B Sale 107 M -75M Sale 72 M Sale 71 Sale 148 106 M Sale 35 97 M 96 M 35 95 Sale 17 13 Sept. 105M July Dec. 104 Dec. 29 Dec. 102 Sept. 108 Nov. Jan. Jan. Sept. Sept. Sept. 109 M Dec. 29 107M Nov. 9 1 100M 91M 102M 103M 104M 4 100 2 96 M Dec. 1 20 98 M Dec. 5 114M Dec. 30 90 Dec Dec Dec Dec Dec Dec Dec Dec Dec. Dec. 9 109M Dec. 29 20 107 M Dec. 12 Dec. 13 4 109 Dec. 18 18 108 29 107 M Dec. 11 100 M Dec. 21 2 95 Dec. 29 Dec. Dec. Dec. Dec. 6 Dec. 20 Dec. 11 Dec. 29 108 M Dec. 23 109 M Dec. Dec. 110 Dec. 22 111 Dec. 12 82M Dec. 13 14 Dec. 20 51M Dec. 4 18 6 88 Dec. 20 14 Dec. 20 94M Dec. 8 97 Dec. 2 35 Dec. Jan. 3 Dec. 27 20 Sale 109 109 Dec. 15 110M Dec. 131 130 136 131M 132 M 131 Dec. 28 134 1 Dec. 23 17 24 11 Sale 20 30 M 31 101M 101M 64~^ 67 104 M Sale 104 35 23 11 Sale 68 64 M Sale 94 M 94 M 91 103 M 104 M 76 M 95 M 84 Sale 84 M Sale 99 M Sale 99 95 108 M Sale 73 88 M Sale 113 Sale 108 M 109 M 108 M Sale 108 M Sale 109M 109M 104 M Sale 45 M 105 M Sale 103 M 103 M 81M 83 104 M 105 104 M 103 M Dec. 8 8 21 Dec. 6 103 M Dec. 30 Dec. Dec. 7 30 67 Sale 64M Dec. 8 96 M Dec. 94 M Dec. 27 95M 96 M Dec. 11 94 Dec. 13 95 M Dec. 27 4 95 84 M Dec. 95 7 Sale 99 Dec. 99M Dec..14 Dec. 29 1 113 Sale 109M Dec. Dec. 28 5 110 110M 108M Dec. Dec. 28 1 110 110 108% Dec. 23 Sale 21 102 M Nov. 109 M Feb. July Sept. 21 111 39M Jan« 77M Oct. 4 2 Dec. 20 349,000 581,000 394,000 356,000 Southwestern L & P 5s 1957 Southwestern P & L 6s 2022 S'western Pub Serv 6s A--1945 44 49 Sale 51 Sale Sale 99 M 101 107M 108M 49 50 M 103 M ASpalding (AG) & Bros 5s 1989 105 M 51 "'ale 105 109 Sale 102M 103 104 M 107 M 50 Sale Sale 105 M Dec. 21 105M Dec. 1 2 52 Dec. 7 50 Dec. 104 % Dec. 12 105 M Dec. 27 5 103 v* Dec. 1 102M Dec. 7 104 M Dec. 22 99 M Dec. 107 M Dec. 30 107 M Dec. 4 Dec. 18 47M Dec. 11 50 6s stamped 6s conv stamped 6s 719,000 3,945,000 2,339,000 299,000 1,626,000 2,446,000 1,000 Terni Hydro-Electric Co— 6 Ms series A 1953 Texas Elec Service 5s Texas Power & Lt 5s- 1960 1956 6s 2022 Tide Water Power 5s A—1979 Twin City Rap Tr 5Ms A-1952 5 Ms A registered 1950 1949 United Elec Service 7s Without warrants 585,000 AUnited Indus 6 Ms 41,000 99,000 705,000 1,649,000 350,000 3,551,000 614,000 312,000 702,000 1,366,000 33 Sale 17 H 18 17 M 19 60 62 25 M 28 32 28 Dec. 6 28M Dec. 29 48 50 16M 30 19 24 M 25 19 Dec. 6 24 45M Sale 104 M 107 M Sale Sale 67 65 M 65 M 49 M 99 103 H 100 87 H 50 M Sale Sale Sale Sale Sale 51M 52 Sale 116H 117 51 1941 A 1st 6s_ United Lt & Pow 6 Ms Deb 6s 5Ms. 67 Sale 66 M 65 44 104 M 106 67 M 67 M 65 65 66 66 M Sale Sale 67 M 66K Sale 67 M 67 Sale Sale 67 Sale 47 Sale 63M Jan. 23 Sale - — 8 Sale Dec. 7 8 18 Dec. 29 Dec. 22 21 5 1 31 35 Jan. 11 25 Aug. 103M Mar. 48 May 80 M Sept. 106 85 75 99 M Aug. 1 Dec. 29 Jan. 113 94 M Jan. 102 102 11 Dec. 23 Dec. 23 1945 1974 1975 —1959 United Lt & Rys(Del) 5 Ms 1952 57 Sale Sale 77 M Sale 26 M 26 M 75 Sale 104 M 104 M 78 M Sale United Lt & Rys (Me) 6s A1952 Deb 6s series A 1973 Utah Power & Light 4MS-1944 jl6s series A 112MIH4 72 73M 91M 94 2022 82 83M 6s_ 1946 1,357,000 i5s series B 1950 90 M 82 87 92 Sale Sale 45% Sale 45 35 Sale 19 16 Sale 85 30 Sale Dec. 15 Dec. 27 16 M Dec. 27 4 85 Dec. Sale 83 Sale 82 13 17 85 M 82 108 89 116M 45 M 30 43 20 Dec. 1 1 45 M Dec. 20 Dec. 27 1 17 Dec. 87 M Dec. 21 Dec. 14 85 108 M 106M 108 M 106 M Dec. 29 108 M Sale Sale 4 88 M Dec. 93 93 1 118M Sale 118 119 116M Dec. 80 79 80 M 79M Dec. 28 81 78 98 100 M 98 99 M 100 98 M Sale 98 M 99 101M 97 M 100 M Sale Sale Sale 102 M Sale 100 Sale 100 M Sale Dec. 11 Dec. 30 Dec. 20 5 Dec. 5 Dec. 14 100 M Dec. 1 101 Dec. 13 98 M Dec. 101M Dec. 97 M Dec. 100 M Dec. 1 102 M Dec. 16 16 8 102M Dec. 1 101M Dec. 7 Sept. 27 Feb. 20 105 M Feb. 16 Dec. 27 95 Sept. 76M Jan. 83 111M May 12 111M May 12 Sept. Sept. 106 103 M Feb. 57 39 M May Nov. 30 Oct. 18 100 M Sept. 100 Sept. 81 Apr. 105 M Dec. 27 105 M Nov. 22 104 M Dec. 22 104M Jan. 47M Dec. 108M Nov. 29 59 July 20 55 Apr. 54M Apr. 55 Apr. 54 Apr. 54 Apr. 53 M Apr. 15M Dec. 25 Oct. 15M Nov. 29 8 118 2 21 Mar. 18 27 9 31M Jan. Nov. 11 11 11 11 11 li 13 74 M Aug. 74 M Aug. 74 M Aug. 26 64 Mar. 1 50 Jan. 73 M Aug. 74 Aug. 73 M Aug. 35 Jan. 3 3 3 3 3 3 5 9 14 Jan. 14 53; 104^ Dec. 16 Sept. 103 61M Dec. 11 3 98 M July 99 M Sept. 7 103 Dec. 18 63 M Dec. 21 5M Dec. 21 116M Dec. 117M Dec. 29 67M Dec. 46M Dec. Dec. Dec. Dec. 61M Dec. 9M 116M 67 68M Dec. Feb. 25 July 14 6 111M Oct. 24 Aug. 1 121M Sept. 16 138 16 M Feb. 106 Sept. 104 M Dec. 16 107 M Dec. 30 115 Dec. 29 43 Dec. 104M Dec. 106 Sale 114 M 115 114 114M 113 99 M 102 M 102 M 99 M Sale 60 M 62 M 60 M Sale 63 68 M Dec. 69 M Dec. 20 Nov. 17 93 M Aug. 70M Jan. 94 M Sept. Jan. 99 M Jan. 107M Dec. 30 86M Jan. 103 115 Aug. 15 Dec. 18 Aug. 3 Dec. 11 52M Jan. 5M Dec. 21 Sept. 11 119M July 11 14 661 61} 50M Jan. 61M Dec. 110 1956 1,929,000 Virginia Pub Ser 5Ms A—-1946 502,000 Sale Sale 65 1952 Ulen & Company— 6s 4th stamped 1,242,000 224,000 United Elec of N J 4s 7 7 5 60 M I 1951 6s gold debs 1957 574,000 6s 1966 1,785,000 1957 2,949,000 Stand Power & Lt 6s 1950 661,000 AStarrett Corp 5s Stinnes (Hugo) Indus— 7s 2d stamped -—1940 149,000 7s 2d stamped -1946 258,000 68 M Dec. Dec. 27 1 Dec. 2 Dec. 65M Dec. 20 65 M Dec. 27 1 65 Dec. 15 M Dec. 13 65 M 1948 1948 4 Sept/28 157 M Aug. 15 100 Sept. 21 108 M May 10 99 M~Dec. T8~— 75 M Jan: 97 M 72 Jan. 30 Standard Gas & Electric— 2,512,000 1,751,000 2,698,000 4 4 6 5 53 Sept. 12 105 M Mar. 14 Southern Counties Gas of California 4Ms -1968 858,000 1951 713,000 Southern Indiana Ry 4s S'western Assoc Tel 5s A--1961 596,000 29 134 9M Oct. 35 21M 102 H 65 96 M 84 105 M ASaxon Public Works— gg 1937 42,000 1951 86,000 ASchulte Real Estate 6s 956,000 Scripps (E W) Co 5Ms 1943 1951 592,000 Scullin Steel Co 3s 1,413,000 Shawinigan W & P 4Ms—1967 4M8 series D_ -1970 681,000 1947 216,000 Sheridan Wyo Coal 6s 1,228,000 Sou Carolina Power 5s_—-l957 2025 7,610,000 Southeast P & L 6s 2,037,000 Sou Calif Ed 3 Ms--May 1 1960 3Ms series B-._July 1 1960 725,000 Jan. Mar. 82 M Dec. 29 107 Apr. 14 21M June 30 19M 110M Dec. 95 95 M Aug. 31 100M Oct. June 7 Oct. 2 22 14 19 12 July 17 ioo n Aug. 15 115M Oct. 16 51 35 M Sept. 19 101 June 28 108 81 9 100 Sept. 92 M Apr. 109M Sept. 76 Apr. 64 25 109 M Mar. 13 Mar. 22 108 108 M Oct. Jan. 105 28 16M 17 108 M 109 110 2 Jan. 35 Sale 4 12 103 H Dec. 19 Nov. 20 105 94 151M 155 35 66 31 20 7 95 M Aug. 44 M Dec. 98 147 Dec. 150M Dec. 28 Dec. 12 108 M 107 Deq. 29 108 107M 108M 107 -97—Sale-4- -98 M Sale- -96 M- Dee.—4- -99 M Dee; 18 97 M Dec. 30 97 M Sale "94M Dec. 94 M Sale sale 93 Dec. 22 89 M Dec. 1 89 M Sale 148 109M Oct. 104 Public Service Co of N J— 6% perpetual certificates 2 Dec. 113 M Jan. Jan. Dec. May 96 Oct. Dec. 88 Mar. 24 6 104 Sept.11 114 Sept. 7 92 50 98 108 4 17 107 M Dec. 3 104M Dec. 16 " Dec. 29 4 107 M Dec. 12 46 9 43 M 46 104 M 104 M 104M Dec. 26 105 99 M Dec. 12 100 98 100 7 13 11M Dec. 12M 30 6 83 M 81 Dec. 83 Sale 80 M 81 Dec. 27 82 M 82 108 M 110 91M Jan. Dec. 29 104 113 44 103 M Oct. 7 15 Piedmont 594,000 228,000 150,000 214,000 23,000 year 1939 Price YORK CURB EXCHANGE Months 1939 12 December range for prices in december sales 33 .8 Sept, 20 Oct. 13 Jan. 14 28M July 25 52 28 H June 14 90 Aug. 5 Oct. 26 88 7 108M Dec. 11 103 Sept, Dec. 30 93 78 M Apr. 11 110 Aug. 3 Sept, 11 16M Dec. 27 72 Apr. 10 8 68 Apr. Aug. 3 68M Apr. 15 8 100M Nov. 16 91 Apr. Dec. 13 81M Apr. 11 101 89M Apr. 82 87 Jan. Jan. 10 102 M Dec. 16 3 101M Dec. 16 8 3 102M Dec. C Waldorf Astoria Corp— a5s income deb... 3,306,000 Wash Ry & Elec 4s 89,000 1954 1951 Western Newspaper Union— 510,000 349,000 310,000 51,000 1,827,000 21 Sa'e 107 M HO Conv deb 6s 1944 West Penn Elec 5s 2030 West Penn Traction 58—1960 59 M Sale 104 M 105 Wheeling Elec Co 5s Wisconsin P & L 4s A Yadkin 1951 1966 River Power 5s...1941 795,000 -—.1937 454,000 t AYork Rys Co 5s 1947 847,000 A 5s stamped—— F#r footnotes see page 53. 111M 112 106 M Sale 100 M Sale 102 87 M 87 M 102 H 90 90 10 M Sale 107M 112 105 M 114M 56 Sale Sale 53 10 Sale 107 M 109 52 54 9M Dec. 28 11 Dec. 1 49 Dec. 28 105 M 107 105M Dec. 115M 119 104 M 105 105 M 106 114 4 49 Dec. 26 104 100 55M Dec. 1 106M Dec. 15 115 Dec. 4 104 104 Dec. Dec. 105 M Dec. 21 106M Dec. 5 4 104 105 106 M Sale 105 M 1 Sale 105 Dec. 20 105 M Dec. Sale 105 96 97 94 M Dec. 8 97 Dec. 20 97 M 96 M 96 M Dec. 28 98 Dec. 12 97 M 97 94 95 M 9 106 1 Sept. Sept. 1 31 % Feb. 17 July 14 7 111 Mar. 4 Dec. 28 63 28 106 M Aug. 29 July 24 Sept. 5 116 Jan. 103 M Nov. 99 Sept. 3 1 106M Jan. Nov. 17 6 107 June 15 102M Jan. 4 106 87 Apr. 20 97M Nov. 27 98 Nov. 21 86 M Apr. 24 Jan., 1940] NEW YORK CURB EXCHANGE 53 AGGREGATE SALES PRICES IN DECEMBER new york curb exchange In 12 Months December 1939 RANGE FOR YEAR 1939 Price Jan. 3 Dec. 1 1939 Bid Ask Bid Dec. 30 Ask Bid Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices foreign government and municipal Agricul Mtge Bk Rep of Col— 37,000 420-year 7s Jan 15 1946 7s certifs of deposit 1,000 1946 33,000 420-year 7s Jan 15 1947 7s certifs of deposit 1947 3,000 1,000 6,000 468 ctfs of deposit 1947 Antioqula (Dept) Colombia— 47s A ctfs of deposit 26,000 1945 47s C ctfs of deposit 3,000 1945 47s D ctfs of deposit '1,000 1945 47s 1st ser ctfs of dep—1957 11,000 2,000 3,000 84,000 iBaden (Germany) 7s 1951 Bogota, City of (Colombia)— 48s ctfs or deposit-.: 1,000 1945 10,000 Caldas "9",000 9,000 26 26% 20 26 j 20 20 '24% "36" 35 27% Dec. 19 25)4 Dec. 8 25)4 Dec. 26% 30 27 27)4 Dec. 29 35 25 25 35 35 25 35 14)4 Dec. 20 10 20 11 25 20 11 25 16)4 11 25 8)4 Jan. 26 12% Aug. 22 13% June 21 7 15 10 20 10 25 11 17 30 9 25 12 30 11% 20 10 35 15 35 20 10 35 10 35 Sale Sale 14 17 14% Sale 10 25 12 25 10 25 10 25 9 35 35 9 35 12% 12% 38 26 51 40 70 42)4 50 11)4 13 12 Prov Banks 6s B ■46sA_a> 1951 1952 — 23 23 40 40 49,000 67,000 146.000 233,000 242,000 25,000 10,000 4Hanover (City) Ger 7s 1939 4Hanover (Prov) 6%a 1949 ALima (City), Peru, 6)4s—1958 10 8 10 AMaranhao (State) 7s_ 1958 4Medellin (Colombia) 7s—1951 15! 1954 7M 20 12.. 46,000 11,000 20,000 15,000 47s issue of May 1927—.1947 47s ctfs of dep (May)...1947 47s issue of Oct 1927 1947 47s ctfs of dep (Oct) 1947 24 M 30 30 30 30 26)4 35 00 00 00 ! i 1 1 ! 1 I 1 1,000 18,000 11,000 24,000 25,000 98,000 99,000 98.000 122,000 288,000 388,000 554,000 370,000 46s 1,000 4,000 2,000 • n a 1947 .. 7% ctfs of deposit 46 He ctfs of deposit- Itge Bank of Columbia 6%b ctfs of deposit. 1,000 45 Ms nta Fe Ex-dividend. Bonds being traded flat. t Reported in receivership. Abbreviations Used Above: "cod" certificates of deposit, "cons" consolidated. "conv" convertible. 17 17 99M 40% 97M 23 51 46 & 8% 30 21 20 8 9 20 1951 12 25% 24)4 11 Dec. 4 14)4 Dec. 20 11 Dec. 4 Mar. 16 9)4 3Siov. 14 15 Mar. 10 28)4 Jan. 7 25% Dec. 8 27% Dec. 29 25 Dec. 6 24% Mar. 14 14% Dec. 20 14 June 9 13% June 21 14% Nov. 16 20 July 20 15 Mar. 10 23 Sale 65 8)4 1947 16 96 Sale 97 8 9 5% 1945 —1949 .1961 13% 58 Sale 14 % 10 18 Nov. 20 11)4 Mar. 18 12 Jan. 15% Dec. 28 17% Dec. 8 15% Dec. 28 17% Dec. 8 25% Mar. 25% Mar. 7 3 28 6% Sept 21 8 30)4 Dec. 8 30 % Dec. 48 9 52)4 Dec. 21 Dec. Oct. 9 19% Feb. 17 _ Dec. Nov. 13 8 Oct. 30% Dec. 9 100 48 45 4 4 3 8 Jan. 6 96% Jan. 5 35% Feb. 20 Sale 20 lhH 12% Dec. 27 Dec. 27 Mar. 6 12)| 7% Sept. 22 6)4 Sept ..16 20 11)4 Dec. 15 20 Mar. 6 10 12 12 Dec. 12 Apr. 18 20 Mar. 17 Dec. 6 6% 7% 7)4 6% 22 Dec. 10 13 Mar. 11)4 13 11)4 20 9)4 Sale 9)| 10h 14 % 16)< Dec. Dec. 2 9 Dec. 16 Dec, 11 W' 25 12. 25 13 )4 Dec"." 8 -43M 28 26)4 28 26 Dec. 6 26 25 Dec. 6 25% Dec. 30 29 25 % Sale 26)4 30 24 35 14 16 8% si* Sale 7)4 6 8 25% Dec. 27 25% Dec. 27 14% Dec. 11 14% Dec. 41 19 48 Dec. 13)4 13)4 .... 15 19 15 Mar. 10 18 Nov. 22 June 10 15 9—Jatf .'20 25% Jan. 13% Dec. 9 Dec. 25% Dec. 27 25% Dec. 27 June 30 Dec. 19 16 Jan. 3 96% Mar. 17 15 Mar. 10 25 8 Dec. 8 Dec, Sept. Sept. % Aug. % Oct. 4 % Dec. 8 % Dec. 5 69)4 Dec. 26 13)4 Dec. 28 13)4 Dec. 27 "cum" cumulative. "m" mortgage. non-voting. 69)4 Dec. 26 14% Dec. 18 13% Dec. 27 Dec. 47 25 26 31 14 Apr. 27 8)4 May 5 8)4 May 3 Nov. Dec. Aug. Nov. 8 26% 25% 26% 26% 11 8)4 Dec. 21 6% Dec. 12 Dec. 26 69 2 Feb. - 7 % Dec. 29 70 16)4 18 Sept. 4 10 24% Oct. 21 26 Apr. 21 35 35 50)4 85 8% Sale D^.-~~8 Dec. 22 13 16 16 11 9)4 Dec. 26 14% Dec. 20 12 Sept. Oct. Sept. Oct. 10 _ 11)4 Dec. 6 9)4 Dec. 1 Abbreviations Used Above: "n-v" Jan. 12 35 67)4 13)4 13)4 8 10 20 a 45 13 % Dec. 12 26)4 7 15% Aug. 16 12)4 Sale 23 7 16)4 June 15 14% Dec. 21 35 21 25 % (City) Argentina— Sold for cash. k 25 Sale 1921 No par value. Sold under the rule. Deferred delivery sale, * 19 % 99 % _ — AMtgeTBank of Chile 6s__.1931 Mtge Bank of Denmark 5s 1972 4Parana (State of) .Brazil 7s '58 4Rio de Janeiro 6%b 1959 4Russian Govt 6 Ms 1919 478 stamped 124,000 187,000 4Santiago (Chile) 7s 47s. 59,000 r 6 16 13 9,000 5,000 38,000 15,000 25,000 1-1 Dec. 10 178,000 11 25 6 11 15 18,000 • Dec. Jan. 15 28",000 - 25 26 15 Colombia (Republic of)— ~i~66o 8 8)4 46s ctfs of dep (A & O) —1961 9,000 297,000 Danish Cons Munlc 5 Ms. >1955 5s 1953 139,000 4Danzig P & Wat'way Bond110,000 Aextarnal s f 6%b 1952 227,000 4German Cons Munic 7s—1947 2,000 29,000 23% Sept. 18 25)4 Dec. 8 27)4 Dec. 19 24)4 Jan. Dec. 29 Dec. 6 8 % 8)4 7%a ctfs of deposit 1946 4Cent Bk of German State & 20,000 16,000 35 25 29 (Colombia)— a7)4s ctfs of deposit— 1946 4Cauca Valley (Dept of) Rep of Colombia extl s f 7s 286,000 1948 47s ctfs of deposit 8,000 1948 12,000 26,000 25 % '26% ~30~ 29 30 17 17 14% Mar. 11 % Feb. 23 % Jan. 11 69% Dec. 26 14% Jan. S$5 i.n 15% Sept. Mtge. Bank of Denmark 5s 1972, Dec. 7 at 49)4 n Under the rule sales, in which no account is taken in computing range, are given below: No sales. "vtc" voting trust certificates. "w i" when issued. "w w" with warrants. "x-w" without warrants. a Deferred delivery sales, in which no account is taken in computing range, are given below: Oonsol. Retail Stores 8% pref., Dec. 19 at 91i r Cash sales, in which no account is taken in computing range, are given below: Assoc. Gas;& Elec. com., Dec. 29 at %. Cook Paint & Varnish Co., Dec. 11 at 10. Pennsylvania Sugar Co., Dec. 29 at 13. United Shipyards class B, Dec. 15 at 2)4. Universal Corp. v. t. c., Dec. 29 at 3)4. Chicago Stock Exchange RECORD MONTHLY AND YEARLY STOCK EXCHANGE RANGE OF PRICES ON CHICAGO December Jan. 1 to Dec. 31 —~ AQOREOATE SALES In December RANGE FOR IN DECEMBER PRICES BONDS 1927 2,000 Chic Ry 1st M 5s 1,686,000 Commonwealth Ed 3*s—1958 Stamped. — 26,000 Ask 122* 53* Oct. i09~~*Sale" > 400 5,031 3,270 8,850 20,950 15,960 16,600 3,650 6,800 13,877 272 500 450 3,300 1,450 1,650 850 550 *40 540 300 850 3,140 ~4~, 500 650 100 200 1,000 1,000 650 4,625 7,950 550 2,700 5,465 510 200 850 2,250 977 250 3,570 3,200 2,150 65,455 350 1,220 400 80 1,050 8~0~,252 3,800 7 Castings—--5 common—1 common--* Allied Products Corp cl A 25 Common L -—----10 Advanced Alum 7 11 Aro Co common— Asbestos Mfg Co common—1 Associates Invest Co com * Athey Truss Wheel capital—4 Automatic Washer common. _3 Aviation Corp 3 (Del) 1 Aviation & Transport cap Berghoff Brewing Co Binks Mfg Co capital Bliss & Laughhn Inc corn-Borg-Warner Corp common Brach & Sons (E J) capital-Brown Fence & Wire class A_ Common 11,550 102,705 Butler Bros common 5% convertible preferred— 13,274 Foundry capital * 4,760 12,530 Castle & Co (A M) common. 10 2,350 Cent Cold Storage Co com.-20 * 35,210 Central 111 Pub Serv pref Cent 111 Secur Corp— Common ------1 21,300 Convertible preferred—* 15,400 105,365 Central S W XJtil common—50c Prior lien preferred * 4,882 810 140 Chicago Ry pt ctfs "I" Part certificates "2" 4* 2* Sale k Sale * 6* 3* Sale 7 6 14 7* 12* 10* 8 Saie 11 5* Sale 7* 4* w* 32 16 20* 7* 15* Sale 5* 20 Sale 17 22 Sale Sale 9 2* Sale 9 Sale 20* 17 22 14* 68 Sale 18 23* 15 Sale 26,980 14,850 1,210 769,684 854,000 18,200 14,950 42,579 19 14 128 Jan. 3 118 76* 13 171 Dec. 28 147* Sale 6 Dec. 1 Dec. 29 3* 7* * 30 2* 1* 6 5* Sale 2* Sale 5 Dec. 18 3* J* Sale Dec" 13 6* 16* 5 20 17 A" 12* 2* 980 1,198 375 40 Y 10* 4* Sale Sale 21* 18* 4* 11* '*V* Sale 14* 15 22 20* 11* 82* 15* 21* 12* * 6* Sale a 5* 16* 9* 17* 9* 4* 28* 9* 3* 21* 23* 21* Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 28 Dec. 17 3* 19* 13 66* * * 3^ Sale 110 69* Sale .8 7* 2* 2* 35 Sale 15 108 70 82* 4 2 33 31 13* Sale 3 Sale 7* 13 6 * 2* * Sale 73* Sale 108 70 89* 4* 2* 5 Sale Sale 4 Feb. 20 Dec. 15 2 June 13 Dec. Dec. Dec. 4 Dec. 5 5* Sept. 1 18* Apr. 11 23* Mar. Dec. 29 * Dec. 13 109 60 2 3* Dec. 28 7 20* Dec. 9 12 Dec. 1* Dec. 22 35* Dec. 29 15* Dec. 26 21* Dec. 13 Dec. 29 12 82* Dec. 14 * 6* * 113* 71* 4* 20* Dec. Dec. Dec. Dec. Dec. Dec. Dec. 6 65* Dec. * Dec. 4 100 Jan. 15 45 Jan. 13 1 1* Dec. 36* Dec. 22 72 18 Dec. 30 2 * Dec. * Dec. * Dec. 26 * Dec. 20 108 Dec. 69 Dec. 26 * Dec. 20 Dec. 1 70 Dec. 18 82* Dec. 1 90* Dec. 16 4* Dec. 4 5* Dec. 14 2* Dec. 2 3 Dec. 7 11 35 Dec. 16 Sale 30* Dec. 1 32* Dec. 29 11* Dec. 27 3 Dec. 21 13* Dec. 14 3* Dec. 11 7 Dec. 1 2* Apr. 15 7* Dec. 1 Jan. 11* Sept. * 1* 32* 12* 61* Apr. Apr. Sept. Apr. Sept. * Dec. 2*Mar. * July * Dec. 6 1 108 19 Apr. 28 8 * Dec. 21 23 2 c VA Sale Sale *8 ;p015* * Sale 29* 28* Sale 107 110 2 Sale 15* Dec. 28* Dec. 108 106 Sale 23* Sale 23* Sale Sale 60* Sale 61 Includes 528,300 Commonwealth Edison rights 9 3* Dec. 1* Dec. 27 * Dec. 29 Sale Dec. 4 1 1* * 17* 30* 6 108 22* Dec. 27 59 Dec. 26. traded during month. 4 Dec. 4 Dec. 15 Dec. 15 6 Dec. Dec. 13 Dec. 6 Jan. 7 14 4 19 18 22 3 8 16* Jan. 6 Sept. 11 26 15 Jan. 4 82* Dec. 14 8 * Sept. Sept. Jan. Dec. Dec. Aug. Sept. Jan. Apr. Sept. 7 6 5 21 15 3 20 4 13 11 Mar. 10 Feb. 8 1 5 13 18 Mar. 1 Mar. Oct. 8 2 1 15 July 15 20 Dec. 20 13 Apr. 9* Oct. 14 Aug. 8 73* Nov. 29 4 112 9 11 4* Nov. 29 2* Jan. 14 27 94 Oct. 9* Feb. 3* Mar. 35 Dec. 6 6 2 16 18 Jan. 25 £ 13c 9 Apr. 11 Apr. 11 Apr. 26 32* Dec. 29 22c Apr. 27 16* Sept. 27 3 Nov. 22 6* Mar. 13 9* Sept. 6 6* Aug. 24 3* 1* * 9* 16* 102* 17 16 48 Dec. 9 1* 26 .13* 16 71* 24 7* 24 20* 6 15* 13 * 10 2* 107* Oct. 67* Jan. 53* Apr. 25* Dec. 16 62 . * May 27 4 1 Dec. 28 13 9* Apr. 11 Apr. 8 11* Dec. 21 64* Apr. 11 16 2 34* Dec. 3* Sale 4* 3 Dec. ' 3 June Aug. 24 11* Dec. 21 1 76* Dec. 4 Jan. 7 9 13* Dec. 19 4 19 22 4 20 27 18 32 7 7 20 8 Feb. 10 Dec. 6 Mar. 15 Oct. 26 Nov. 7 Aug. 7 Oct.' 27 May 31 Jan. 19 Oct. 28 19 _ 11 7* 16* 10* 19* 12* 6* 33* 10* 5* 36* Dec. Dec. 3 2* A* 7* Sale 3* Sale Sept. Mar. Feb. Feb. Nov. June Nov. Dec. 4 Sale 32* 1 June 10* Dec. 12* Dec. 2* Dec. 35 2* 34* Sale 71* Sale Dec, Sept. 6 Nov. 14 Oct. 16 25* July 7* Jan. 17* Jan 13 Aug. 3* Sept. 2* * 110 4 16 12 13 28 Dec. Dec. 3 8* 7* Dec. 22 25 Sale Dec. 3 Dec. 20 Jan. 4 72 1 Dec. 29 Dec. 15 Dec. 6 26 Jan. 17 Dec. Dec. 14 6 Dec. 24 31 25 Oct. 17 8 -;r* Sale^ Sale 36 13 Dec. 23 Jan. 7* Jan. 25 10 Apr. 10 6* Apr. 8 4 Sept. 1 16* Apr. 11 7* Jan. 3 2* Apr. 12 13* Apr. 11 9* Sept. 1 Oct. 8 11 4* Dec. IV 4* Oct. 13 Oct. 16 4 * Dec. 19* 12* 11 19 21 May 4 Apr. 22 Apr. 10 June 16 23 Jan.' 28 98 Apr. 10 171 8* Aug. 29 June 14 15* 1* Aug. 7 Apr. 11 38 7* Apr. 29 4* July 12 2 2* Nov. 11 * Sept— 9* June 29 * June 26 4* Aug. 31 Dec. 6* Dec. 25 * 83* Sale Sale 65 109 68 4 Sale 6 Dec. July 25 3 Jan. 6 Dec. Nov. 20 Dec. Dec. Sale Sale 70 Dec. 9* 9* 3* 13* Dec. Sale 113* 118 62 * 18 4,560 Cudaby Packing Co pref—100 12 3* Dec. Sale Sale 109 36 13 27 For footnotes see page 56. 13^ * 30* Sale 3* 22* 25* 1* 1 18* 10 * 2* 6* Dec. Sale 10 7 Sale 21 12 com..* V t c pref part shares—-.50 Com part shs vtcA 50 1,395 Common part shs v t c B * 3,140 11,916 Container Corp of Am com. _20 3,682 Continental Steel common—* Preferred 100 745 25 24,280 Crane Co common. * Dec. 20 Dec. 20* 18* 3,590 40 2* Dec. 11 * Dec. Sale Sale Dec. 23 2 a Consumers Co— 480 15 15* Dec. 59 Com'wealth Edison com--—25 Rights Compressed Indus Gases cap.5 Consolidated Biscuit com 1 Consolidated Oil Corp --„* Dec. 1 13 Sale 18 59 98 37 Sale 28* Dec. 20 Sale 107 "T* 5 23 % 4 16 Sale * 6* * 13 "S * 7* 11 14 Dec. Dec. 19 20 37 Sale Jan. 8 8 11* Dec. 40* Dec. 16 3* Dec. 12* Dec. 20 Sale 1 June 23 H 3* Nov. 29 1* July 7 6 Apr. 8 11 Apr. 10 6 14* * 16* 9* Sale 11* Sale 29 Sale 9* Sale 4* 4* 30* 32 24* Sale 21 21* 16 19 4 5* 10* 10* 12* 15 3 3* 7* Sale 21* 22 12 6 4 38 15* 9* 17* 9* 5* 13* 20* 14 Dec. 4 96 5* - ;58* Apr,-T0 :7i*Oct;: 1* Oct. 23 1* Oct. 25 6 Jan. 19 144* Oct. 56* Oct. 26 31* Apr. 11 Sale 171 5* 3* 2* ' • 22* 94 Sale 6 5 100 Cities Service Colcommon 10 Club Aluminum Utensil Co..* Coleman Lamp & Stove 3* 100 2,460 Chic Rivet & Machine cap—4 690 Chicago Towel Co conv pref..* Common capital -* 940 5 58,853 Chrysler Corp common 100 490 Sale * 40 Chicago Electric Mfg A 20,050 Chicago Flexible Shaft com__5 Chicago & N W Ry com 100 17,621 Preferred.. * 100 2,777 1,505 14* 34* Sale 39* Sale ^ 11,840 6,830 Central States Pr & Lt pref- _ * * 6,721 Chain Belt Co common 5 3,800 Cherry Burrell Corp com * 50 Chic City Con Ry pt com 317,832 Chicago Corp common—-—1 Preferred * 31,100 60 1,250 6,601 3* 4* 18* 19M Sale 168* 36* o Sale 3* Sale 21* It* Sale 51* Dec. 9* Dec. 49 47* 10 9* Sale 3* 3 3* 13 12* 18* Sale 20* 19* 10* 9* 38 37 Sale Preferred 20 "T,450 I* 34* Sal* 4 53 * Oct. 20 Dec. 29 Apr. 120 . 9* 3* 2* 12* 17* 18* 10* 66* Deer— 1 *58 * Deer"30 Sale 20 105 • 144 142 Rights (w i) Bruce Co (E L) common 1 480 Bunte Bros common Burd Piston Ring common— 160 100 7 * S* capital--100 156* 5 Equipment Co com 1 & 12* 19* 18* Amer Tel & Tel Co ' 6,002 58,100 3* 7* 2* Allied Laboratories 2,190 Backstay Welt Co common 2,000 Barber Co (W H) common— 8,750 Barlow & Seelig Mfg A com. Bastian-Blessing Co common \ 20,270 17,600 Belden Mfg Co common— 16,950 Belmont Radio Corp 158,302 Bendix Aviation Corp com— 62,010 3,000 39,520 85,116 4,240 3,450 9,650 29,150 9 68* Sale 52 49 9 Sale Aetna Ball Bearing Armour 66* 144 Sale 43 984 Auburn Auto Co common----* Automatic Products com 5 ~T,650 4,100 3,050 Sale 130 25 Campbell Wyant & Cannon 320 300 58 Adams (J D) Mfg common--.* Adams Oil & Gas Co com * 1,300 4,870 67,153 19,400 129,280 30 1,650 .5,500 luu 4 * % cum conv pref. Acme Steel Co common 51,462 178,217 30,150 30,055 4,550 10,100 121 150 * Allis-Chalmers Mfg Co.——* --* 520 Altorfer Bros conv pref 7,590 American Pub Serv pref—100 1,220 2,978 5,525 3,350 5,200 Pw 20,051 Abbott Laboratories com Rights — 28,350 1 Highest 109 Dec. 29 2 128 128* 129* 123* Dec. Sale - STOCKS 1939 Sale Prices Sale Prices Sale Prices Sale Prices Ask Ask Bid Bid • Shares YEAR Lowest Highest Lowest Dec. 30 Dec. 1 1939 Bid Shares 2,671 ------ $221,600 Price EXCHANGE Jan. 3 12 Months 1939 208",600 Jan. 1 to Dec. 31 CHICAGO STOCK $208,000 1,717,000 December al, 560,000 10,947,000 1938 1939 Bond Sales 1938 1939 Shares_ 737,000 8,386,000 Stock Sales Dec. Nov. Dec. Aug. Apr. Jan. Aug. Aug. 9 24 29 24 8 13 25 7 Jan. 6 July 13 Jan. 19 Dec. 6 32 Sept. 11 110 June 9 37* Jan. 4 73 Mar. 8 7* 2* 1* 17* Jan., 1940] CHICAGO STOCK EXCHANGE 55 AGGREGATE SALES CHICAGO PRICES IN DECEMBER STOCK EXCHANGE In December 12 STOCKS 1939 Shares Par Bid 16,601 Cunningham Drug Stores. .2)4 1,490 Curtis Lighting Inc common..* 18,850 Dayton Rubber Mfg common.1 Cum class A pre? 1,300 .....35 Decker (Alf) & Cohn— Common 10 5,610 14 90 Preferred 100 1;050 Deep Rock Oil conv pref * 23,967 Deere & Co common 310 De Mets Inc pref 2,900 Dexter Co (The) common f> 5,290 Diamond T Motor Car com..2 8,242 Dixie-Vortex Co common... Class A ._.* 3,650 9,900 Dodge Mfg Corp common * iddy Paper Corp (The) 6,250 ..* 1 Household Util Corp 55,890 5 15 22,705 Elgin Nat Watch Co 5,958 Fairbanks Morse common.. * Fitz Simons & Connell Dock & 7,000 Dredge Co common 14,700 Four-Wheel Drive Auto 13,550 Fox (Peter) Brewing com 37,650 Fuller Mfg Co common * General Foods common Gen Household Util com * 10 * Gillette Safety Razor pref—* 60 Godchaux Sugar Inc class A..* Class B 20 26 2% Sale 38 90,930 Great Lakes D & D com-----* 2 710 5 Sale 12% Sale 33 35 854 Sale 15)4 3 k 14 354 21 19)4 4254 Sale 12 4 12% 4)4 9% 10 2 2% 13)4 14% _4l'660 5'200 ' 20 4,040 3'43O 1 550 28,041 4 210 35359 24,450 Illinois Brick Co 31,629 Idinois Central RR 30 12,400 6,025 7,684 22,714 100 Indep Pneum Tool vtc ..* Preferred A 19,900 68,940 4,650 4,300 27,760 6,530 1,010 10,670 2,520 5,700 14,850 18,670 9,050 1,790 14,230 1,270 3,950 37,569 13,700 2,190 4,140 520 8,025 4,318 14,600 1,380 New * * 1 * Joslyn Mfg & Supply Co com .5 Katz Drug Co common 1 Kellogg Switchboard com * Preferred 40 52,500 481,280 31,050 38,300 43,790 30,110 51,402 17,580 6,620 8,050 5,990 2,500 19% Sale Sale 11 Sale 11 h 36 h 10)4 2654 7 Sale 6)4 Sale 7 8% 37 Sale 11% 23% 17% Sale 10)4 12 Preferred 10 * common Liquid Carbonic * common Loudon Packing common * Lynch Corp common 5 23 4)4 94)4 Sale Ya 18)4 26)4 20)4 "2l" 41 45 4)4 69 54 354 Sale Sale^ 2% 3 2)4 31)4 Sale 25 7 754 6)4 Sale 5 Sale 2954 2 31 Sale 9)4 954 19)4 Sale 18)4 19 1)4 154 32% 35 26 30 1(\, .* com * com .1 preferred * Midland United Co common.-* Convertible preferred * Midland Util 6% pr lien 7% prior lien 100 100 - 7 % preferred A 6% preferred A Miller & Hart Inc 100 100 conv Minneapolis Brew Co Modine Mfg common 19%. 254 Sale pref * 1 * com * * Nachman Springfilled com National Battery Co pref * * Nat'l Bond & Invest com Nat'l Pressure Cooker Co Nat Republic Invest Trust— 2 pref * Sail4' 4)4 54 Sale Ks c 54 Sale 34 % 3 7 7)4 21 22% 2% 3)4 2)4 41 14% Sale" 734 31)4 15)4 9 32% 16 4 5 . -934 9h a 13 754 Sale 14% 16 Sale 9% 11% 2234 12% Sale Sale Sale 27 Sale 1854 Sale —7-34 85)4 6 "854^Sale 854 834 13 7 34 12 Dec. 16 35 Dec. Dec. 28 15)4 33-8 23)4 3654 Dec. 29 Dec. 4 Dec. 8 Dec. 26 13)4 1634 3)4 2554 3754 Dec. Dec. Dec. Dec. Dec. 1054 354 11)4 3% Dec. Dec. Dec. Dec. 21 27 13 27 if* 17 % Oct. Dec. 6 Apr. 1 11 11 Aug. 17 Apr. 3 Apr. 8 Apr. 10 2 17 24 13 28 27 12 22 38 Jan. 4 July 2554 Oct. 19)4 Jan. 21 18 17 30 554 1054 13% 35)4 14% 19)4 Nov. Nov. Nov. Feb. Sept. June 4)4 Oct. 2554 Dec. 43% Jan. 1 4 „ 30 27 21 5 25 5 4 10)4 Apr. 10 3 Apr. 24 14% Jan. 20 8% Sept. 5 29 10 Jan. 12 15 4)4 Dec. 14 2 Jan. 16 15% Dec. 1 16 5 56 54 Dec. 6 "Dec" '30 UH Apr. 14 Jan. 25 48 Dec. 8 Dec. 30 40* Apr. 11 Apr. 10 Apr. 8 3634 Jan. 28 55 Dec. 29 37 454 Dec. 9% Dec. 7 3 5254 Dec. 2 334 Dec. 13 554 Dec. 16 Sept. 6 Dec. 22 July 31 Dec. 5334 Dec. 2% Dec. 4534 Dec. Aug. 17 3)4 Mar. 30 19 29 1554 Jan. 934 Dec. 4 Apr. 5)4 Aug. 9)4 Sept. 30 Sept. 14 1054 Dec. 21 454 Dec. 19 19)4 4% 1954 30)4 154 Dec. 29 8 18 Apr. 11 354 Sept. 6 554 Apr. 10 2 10 Dec. 11 2254 Dec. 27 12)4 Dec. 1 25% Dec. 1 173s Deer; —8—D ec : 25 Dec. 7 26 Dec. 29 Dec. 13 27 I2H834" '4 534 Dec, 28 8)4 Dec. 6 Dec. 11% Dec. 30 Mar. 13 4)4 Sept. 30 1754 Sept. 65 9 Nov. 13 64% Sept. 27 1154 Feb. 24 3)4 Oct. 2 48 Dec. 30 54 56)4 6)4 8)4 Jan. Oct. Jan. Jan. 26 11 5 5 3 29 "854 5)4 95s 9% Dec". .£4 4 Dec". Dec. 28 2 Dec. 2 Dec. 1234 13 45 13% 38 Dec. 5 40 Dec. 16 5 8 13% Dec. 13 31 Dec. 1 Dec. 1 14 Dec. Sale Sale 14)4 Dec. 34 Dec. 8 5 1454 Dec. 1% Dec. 3)4 17 Sale 3)4 Dec. 12)4 Dec. 2354 Dec. 24 24 Dec. 2)4 8538 57% 334 354 1454 Dec. Dec. Dec. Dec. Dec. Dec. 1434 19 4854 5 854 98)4 42 97 9 3 ""5)4 354 3% 16)4 Sale 20)4 53% 5)4 854 Sale 99% 7 Sale 16)4 18% 46 534 8)4 98)4 44 99 62 "4 17)4 4% 10 Sale 1254 14% 154 Sale 15% 2 2954 654 834 39)4 Sale 5* 14 6354 4% Dec. 7 6 354 Dec. 19 354 254 3)4 3)4 % Sale 454 454 54r Dec. Dec. Dec. 102 Dec. 14 Dec. 7 4)4 Sale 254 234 % Sale 154 Sale Dec. Dec. Dec. Dec. Dec. Dec. 7 Sale 654 Sale 2 25 254 26 4 4)4 954 10 1154 12% 15% Sale 1% Sale 253s 28 7 Sale 36)4 38 754 Dec. Dec. 4 8 334 754 2)4 4% 43s Sale Sale % 2% 454 Sale 54 Sale 334 4 10)4 Sale 20 Sale 154 Dec. 11 754 Dec. 23 7 %5 Dec. 2 4 334 34 54 334 934 19% 2 2 Dec. 25 Dec. 6 Dec. 12 Dec. 14 Dec. 28 7 Dec. Dec. 27 Dec. 28 Dec. 12 Dec. 21 1054 11 10% 37% 1454 4% 11% 1054 Dec. 5 40 15% 554 36 34 154 1 26 2854 Sale 354 4)4 754 16 10% 11 10% Sale 31% 354 17 19 16 6154 19% 64 14% 1454 Oct. 40 Nov. Dec. 27 Dec. 8 18 1454 Dec. 22 5 Dec. 5 34 Dec. 12 24)4 Dec. 8 30% Dec. 16 334 83s Xe 3)4 Dec. 30 Dec. 6 Dec. 7 Dec. 4 4 Dec. 21 4)4 Dec. % Dec. 34 Dec. 4)4 Dec. 1054 Dec. 2154 Dec. 2 734 1034 1034 Sale 334 16 Sale Sale 17% 70 19)4 Sale 12 13% 12% 14)4 29 14 21 18 4 4 Dec. 12 41% Dec. 9 74 Dec. 29 23% Dec. 5 1034 Dec. 13 37% Dec. 27 16)4 Dec. 14 5 Dec. 5 1 27 Dec. 31 1 Dec. Dec. 26 Dec. 29 Dec. 27 10 Dec. 18 16)4 Dec. 29 4 58)4 Dec. 8 18)4 Dec. 6% 20% 2354 2554 Sept. 934 Aug. 16 2)4 6634 4854 2% 2)4 14 16)4 1034 1554 36 3% Aug. June Apr. Aug. Jan. Jan. Sept. Dec. July June Apr. Apr. 1234 Dec. 27 4 J« 7 Mar. 26 Jan. 4 18 22 Oct. 23 Sept. 30 5054 Nov. 24 Dec. 28 6 101 29 Jan. 4354 4)4 254 34 1)4 27 2% Dec. Dec. Aug. Apr. Aug. May Apr. 45% Dec. 15 101 )4 Dec. 14 Mar. 7 Apr. 13 Jan. 18 4 2% Jan. 32% July 25 22 Jan. 6 Dec. 4 Apr. 2 Mar. 21% 154 954 954 1354 9 2Y 10* Nov. 20 Oct. 9 Jan. 21 2 8 11 7 Sent.12 Feb. 24 Feb. 21 Jan. 11 Jan. 11 Jan. 24 7% Jan. 12 11 1)4 Oct. 10 4034 Jan. 12 41% Mar. 18 Apr. 14 Jan. 20 6 Apr. 10 30)4 Jan. 25 1054 Apr. 26 4 Jan. 18 54 Apr. 10 Apr. 2 6 Jan. 6 20 10 Oct. 26 39% Nov. 30 16% Jan. 6 1% Sept. 30 27 5% Jan. 14% 12 Oct. Apr. Jan. Jan. 11 Apr. Sept. May 1254 Dec. 27 8 3 30% Dec. 16 16 Jan. 21 4% Jan. 11 Aug. 3 Jan. 4 Mar. 9 July 6 July 13 Apr. 18 June 7 10)4 )4 5% 7 54 754 1 )4 1)4 554 12% July 24 22 Jan. 16 Sept. 5 254 Feb. 7 May 27 45 74 Dec. 29 23% Sept. 13 11 .Nov. 15 37% Dec. 27 1654 Nov. 27 6% June 19 1 Jan. 9 6 Oct. 1754 Nov. Aug. Apr. 6 4 sill 13 16 Jan. 1854 Jan. Sept. Oct. 154 54 54 % 34 31 Sept. 21 Sept. 8 Sept. 5 Nov. 29 20 3 25 Apr. Apr. Oct. 4 5% Jan. 32% Mar. 16 Oct. 3fs Dec. 25 t* Apr. 10 Apr. 10 754 Oct. 10 54 Apr. 10 19 Apr. 12 954 Apr. 11 2] 5} 8 Sept. Oct. Apr. 16 12 Sept. 30 Jan. 98% Sept. 11 7154 Sept. 13 Aug. 4 Aug. 2 Feb. 3334 Dec. 9 438 Dec. 8 754 Dec. 29 1034 Dec. 12 1034 Dec. 28 18 Dec. 1454 Dec. 3 4 Dec. 30 Jan. Mar. 4 2054 Dec^M Jan. 5 74 16 Dec. Nov. 29 3 2354 Dec. Dec. 26 65 4 13 17)4 Jan. 3 1454 Dec. 16 2)4 Jan. 5 27 June 2854 3% 6)4 10)4 5 13% Dec. 834 Apr. 11 9)4 May 8 54 Aug. 10 16 2 15 27 5 25 4 954 May 31 5 May 1534 Dec. 71 Dec. 21)4 Dec. 17% 10 Apr. Oct. Aug. 24 1034 Apr. 25 23% Apr. 8 25 1334 Dec. 27 1 354 Dec. 2834 Dec. 27 41 56 7 32 13 8 _ 654 Jan. -. 1 138 Dec. 13% 37)4 1354 27)4 II 4-8)4-Dec, 1C 13 8)2 Nov. 80 10 8% Oct. 17 Nov. 28 4 10 34 Apr 4)4 Jan. —4 54 July 12 34 Dec. 12 75% 23% 25 2154 Apr. 11 9 Apr. 4 1854 Apr. 11 7% Dec. 13 39)4 Dec. 1 6)4 Dec. 39)4 Dec. 42 24% 1 6 14 9 7334 2134 554 Sept. 11 Jan. 11 Jan. 4 Nov. 2 Feb. 28 Jan. Aug. June Apr. Dec. Dec. Dec. 41 17 _ Dec. 30 Dec. 16 Dec. 7 Dec. 14 Dec. 19 Vky4> 22 5 4 Dec. 28 Dec. 8 21 36 13 12 19 15 54 % 3i 354 Sale 10% 11 20)4 2154 2 254 4054 41% Dec. 22 Dec. 1434 Sale 354 Sale 28% 30 Sale 19% 13 Dec. *26"" "30" 8 W* 8 Dec. Dec. Sale Sale Sale 30 3)4 2% Dec. Sale 19% 4954 Sale 8% 30 15% 354 Dec. 30 25% Dec. 20 2354 2454 554 Sale 2)4 254 2454 26% 28 60 Dec. 29 1354 Dec. 13 ""3)4 Sale" 9 Jan. 16 7 4 31 J 4% Sale 2% Sale 88 86)4 26 9% 4 25)4 3 Sale Sale 54 Sale 1% Sale 29 14% 34 Sale 18 30 16 1254 Sale 2354 Sale 24% 2% 87% 57 % 5 Sept.11 Apr. 4 13 13 14% 1 J an. 16 10 27 3854 105 1654 27 1% 25% Sale 2)4 2% 9 7% — Dec. 9% Dec. 1254 Dec. 20 40 34 Sale 9% Dec. 27 8)4 Dec. 28 1054 Dec. 19 1354 * *A Dec. 31 Standard— 19 19 . 13 % 28 4)4 7)4 Sale Dec. 10 21 30 27 4 24 4 11% Sale 25 Mickelberry's Food Prod com.l Middle West Corp capital 5 29 Sale 27 Metrop Indust allot ctfs Dec. 13 15% 20% 12% Sale 5% Sale Sale 8 Sale 17y Sale 2)4 Dec. Dec-. 29 31 Sale 6)4 Sale 154 Dec. 29 8 1234 Dec. 29% Dec. I* 16)4 26 * Mapes Consol Mfg capital 37% 12% 3 54 8 Marshall Field & Co Mer & Mfrs Sec cl A 56. ~9% 8)4 7 Sale 21 9J4 6 6)4 Sale * Mc William Dredge common * Manhat-Dearborn Corp com.* page 11 Sale Sale Sale &L. 13% 34 20 12)4 Apr. 8 1 Apr. 26 9 Apr. 11 23 Apr. 10 18 69 10% 20 10% 23% 12 )4 25 % Sale 2 22 Common stock 13,626 10 1 5,100 National Union Radio com 58,285 Nobhtt-Sparks Ind Inc cap 5 28,500 North American Car com 20 750 Northern Paper Mills com * * 5,400 Northern 111 Finance com.. 61,560 Northwest Bancorp com * 6,750 Northwest Eng Co common..* 4,950 Nor West Util pr lien pref. .100 7% preferred 100 7,185 220 Nunn-Bush Shoe common 2 % 50 Okla Gas & El Co 7% pref. .100 2,749 Omnibus Corp vtc com 6 see 11% 24% Dec. 1934 Dec. 22 30 6 '1734' Sale 4)1 5 34 2 2 Jan. 33 Cumulative preferred Le Roi Co common Libby, McNeill & Libby.....* Lincoln Printing Co com.....* 53.50 preferred * Lindsay Light & Chem com. 10 354 13% 354 Sale Sale 29 -.10 11 Sale 5454 4)4 534 La Salle Ext Univ common 5 Lawbeck Corp 6% cum pref 100 Leath & Co common ._.* .... For footnotes 15% 4 13 Sale 4% 9% 85 conv 1054 5 Sale 4 53)4 354 6)4 Sale Cumul 12)4 11 4)4 1154 354 Sale 70 National 40 3% 48 29 6,320 Mountain States Power pref 100 2,420 Muskegon Mot Spec class A..* 3,9^0 37% 15 Sale 100 cum Monroe Chemical Co com 710 Preferred 2,200 5,374 3,342 1,850 35 12 Sale 11)4 254 49% 9% 9% 7% Sale 1854 Dec. 26 Dec." 6 Sale 10)4 2% 4534 pref. .50 .100 Ken-Rad Tube & Lp com A.-* Kerlyn Oil Co common A 5 Kingsbury Brewing Co cap 1 Kentucky Util Jr 6% preferred Prior 33 4% 8% 11% 33 h 11 1 com 7,200 McCord Rad & Mfg "A" 1,640 McQuay-Norris Mfg com 1,050 39,550 1,170 259,545 45,160 4,860 24 2454 13% 1554 3% 24% > 16 4 capital Jefferson Electric Co Lion Oil Ref Co 10 454 8)4 9)4 1234 ys 1354 2354 35 "154 00 13)4 Sale 19% 17% 3h 3% 2454 Sale 5654 54 1734 Dec. 1% Dec. 13 63 93 Jarvis (W B) Co capital Sale 54 60% 490 Interstate Power 57 pref 820 56 preferred— 3,440 Iron Fireman Mfg Covtc 10 67 com Inland Steel Co capital Internat Harvester common. 23% 13 Sale 2h 39)4 Sale Prices 30 63 Sale 3 Sale Sale Sale Highest Sale Prices 2)4 52 ..... Lowest Sale Prices 16 1054 Sale 100 Indiana Steel Prod 154 17 5854 Sale 59 10 com 18% 354 19)4 31 Highest Sale Prices 40 10 % . 254 2|* Sale 9 2 31 2l"" Hamilton Ntrg cl A part pref. 10 H&rnischfeger Corp eommon.10 Hejleman Brewing Co G cap... 1 Hein Werner Motor Parts 3 Heller (W E) 7% pf w w 25 Hibb Spencer Bartlett com..25 Horders Inc common .* Hormel & Co (Geo) com A * Houdaille-Hershey— Class B * Hubbeli, Harvey, Inc com.-.5 Hupp Motors common.. 1 18)4 18)4 23)4 18 "82.413 Hall Printing CA QOmmon—. 10 3 650 18 2 16 1939 Lowest Ask 17% 154 10% 20 % Sale 4 30 Ask Bid Sale 28 Dec. 15 2 * 8,150 Goldblatt Bros Inc common..* * 26,754 Goodyear Tire & Rub com 21,050 Gossard Co (H W) common..* Bid Sale * General Motors Corp.. General Outdoor Aav com Dec. 1 19% 1 5 1 General Candy Corp A 5 General Finance Corp com—1 Ask 16 10 18,200 Gardner Denver Co common.* $3 cum conv pref 750 20 6,321 General Amer Transp com—5 2,200 25,100 17,159 10,150 105,194 2,213 16,949 RANGE FOR' YEAR Price Jan. 3 1939 Months sY \Y Jan. 28 Dec. 26 Jan. 12 Sept. 11 Sept. 25 Dec. 29 Jan. 7 Oct. 26 Mar. 16 3 3 4 13% Jan. 112 June 27 29* 67 Aug. 29% Aug. 20 Feb. 25 'CHICAGO 56 AGGREGATE SALES In 12 Shares 170 Jan. 3 STOCKS I,100 Ontario Mfg Co common Oshkosh B'Gosh Inc— * 24 31 12 Sale Convertible preferred 650 3,050 Parker Pen Co (The) 300 40 700 5,210 4,950 39,134 16,180 3,290 3,800 '55,500 5,776 6,500 46,375 800 3,419 1,813 460 350 11,700 200 1,650 2,560 200 1,600 II,500 3,856 3,100 6,750 3,600 2,550 4,850 75,190 2,000 580 950 300 650 . 220 ""800 -11,050 18,390 51,906 8,820 2,320 6,000 3,010 21,050 2,350 6,432 1,200 90 600 50 2,150 380 70 10 Penn Gas & Elec A com. *— - * Pennsylvania RR capital—-50 Peoples Gas Lt & Coke cap 100 Perfect Circle (The) Co——* Pictorial Paper Pkg com 5 Pines Winter front common—1 Poor & Co class B_ * Potter Co (The) common 1 Pressed Steel Car common. -.1 5 % conv pref_ —50 Process Corp common * Quaker Oats Co common...--* Preferred ....100 Rath Packing common -10 Raytheon Mfg Co com v t c 50c 6 % preferred v t c -5 Reliance Mfg Co common...10 Rollins Hosiery Mills— Common 1 Ross Gear & Tool common...* Sangamo Electric Co com * Schwitzer Cummins capital—1 Sears Roebuck & Co com * Serrick Corp class B common _1 Signode Steel Strap Co pf—30 Common --* Sivyer Steel Castings com * South Bend Lathe Wks cap__5 Sou Colo Power A common—25 Penn Elec Switch conv 50 ""loo 30 28,508 Spiegel Inc common 396 St Joseph Lead capital 1,277 SO 940 St Louis Nat Stockyards cap..* 13,100 Standard Dredge conv pref..20 no*****! 31 ,-85 0 1,979 Standard Gas & Elec com—-* 25 48,904 Stand Oil of Ind capital * 2,560 Stein & Co (A) common 4,500 Sterling Brewers Inc common.l 34,330 Stewart-Warner Corp com—5 3,050 Storkline Furniture com—-10 31,340 Sunstrand Mach Tool com—.5 25 97,236 Swift & Co capital stock 15 36,587 Swift Internacional y , 450 ■ — 3,750 188 5,439 220 200 2,810 100 3,550 10,370 1,068 11,401 13,950 26,300 25,282 1,145 1,250 2,297 3,345 J xnpttjaBjmrwt Thompson (J R) Trane Co common—25 (The) common 908 532 2,500 3,750 7,350 220 Preferred 2",923 90,472 2,197 24,034 11,405 4,450 630 Ward 95 1,295 515 700 1,014 850 1,498 2,877 Common 53,400 12,300 9,096 4,550 8,078 152,959 •No par value. Common Woodall Indust common 28% 4% % 12% 12 Sale Sale 45 Sale 42 Sale 119% 150 145 48 45 1 A % Sale 12 U% 11% 1% 26% 9% 79% 1% 22 1% 1% 1% 1% 27 15% 1% 30 80 58 11 1 12 H ~3rH 28% 10 2 . --SH Sale 12% 2% c -J2% 26% 13 1% 8% Sale-f Sale 14 2 -12% 1% 1% - 1 % - 26% 12 1% * 1 13 Sale 8% Sale 4 15 Sale Sale 4 Sale 14 13% Sale Sale 6 7 15% Sale 22 Sale 31% 32% Sale 85% 13% 1% 78% Sale 65 Sale Sale 113% Sale *\H J 1% % Sale Sale Dec. 27 Dec. 8 Dec. 26 Dec. 20 Dec. 1 Dec. 11 Dec. 22 Dec. 30 Dec. 36 1% Dec, Dec. Dec. Dec, Dec, Dec, Dec, Dec, Dec, Dec, Dec, 5 18 12 1 22 18% Sale 2 20% 143 A 160 51A 32% Sale 54% Sale 22 23% Sale 25% 8% 2 A 5% 119 Sale 90 3 Sale 5A .09 7% 91 1% 4% Sale 83 2 2% 9 Sale 17% Sale 81 "1A "I% 8% 20% 9% Sale 2% Sale 162% Sale 23% Sale 110 Sale 95 2 1% Sale Aug. 1] 20; 2% 8% 16 86 2% Sale Sale 2% iih 5 11 1% Dec. 21 8! 1 Dec. Dec. Sept. 13 Mar, 9 22% Apr. 11 7 Aug. 26 60% Apr. 10 1 % July 11 22% Mar. 30 8 Apr. 11 8% May 15 16% Apr. 10 1 July 20 102% Sept. 21 88 Apr. 17 8% Aug. 24 4 Apr. 32! 65 May 29 9 Apr. 1 Sept. -2—Dec'. 8 10% May 10 1% Dec. 30 6% Sept. 1 7 5% Jan. 7 Apr. 12 17 Apr. 10 3 24% July Dec. Dec. Dec. Dec. 1% Dec. Sept. 27 Oct. 25 9 June 16 Mar. Oct. 1 2% Sept. 13 11% Apr. 11 8 Apr. 7% Apr. 11 1% Dec. 22 66 8 2% Dec. Dec. 30 21 1% % 1% 15% 38% % 15% Dec. 28 4% Dec. 9 5 85 Dec. 14 2% Dec. 21 9% Dec. 17% Dec. 40% 21% 16% 83% 6 1 Nov. July 31 Jan. 20 Dec. 29 12 Jan. Aug. 2 14% Sept. 20 2% Jan. 6 19% Jan. 26 8 32% Mar. 12 Oct. 20 85% Nov. 3 Jan. 32 Oct. 4 4 26 26 19% Oct. 17% Sept. 11 Oct. 30 2 Aug. 2 110% Nov. 27 95% Aug. 15 16% Mar. 7 46% Sept. 5 76 Dec. 30 13% Feb. 2 2% Nov. 22 24 30% 13 % 2% 12] 7! Sept. 13 Nov. 3 Mar. 13 17] Oct. 45 16] 93] 16] 1! 25 Apr. 10 Sept. 15 1} Apr. 10 18 Jan. 30 3 40% Apr. 9 2% Feb. Apr. 10 23% Sept. 29 171 Apr. 10 57% Sept. 9 Apr. 10 Apr. 11 120 10 July 10 4 Jan. m 80% 1% Aug. 23 3% Apr. 18 3 Apr. 11 74% Apr. 11 1A July 3 5 Jan. 13 12 Apr. 11 5 Jan. Nov. 13 26 25 Sept. 37% Sept. 66% Sept. 11 112! 79], 63 % Nov. 30 115% Nov. 28 119^ 27 16 2 19 ~."' 4%--Augr -14 23% Aug. 24 4% 14% 88% 16% 17 24 16% Sept. 27 23% June 15 2 29 Feb. Sept. 16 16% Sept. 27 47 55% Dec. 30 52% Dec. 12 21% Dec. 26 21% Dec. 18 21% Sale 1 27% Dec. 13 25% Dec. 25% Sale 5 116% Dec. 26 109% Dec. .16 117 7% Dec. 6 Dec. 29 6% Sale 91% Dec. 91 Dec. 26 90 95 6 1% Dec. 27 1% Dec. 1% 1% 84 Mar. 14 6 23 2 4% Dec. 9 3% Dec. 27 82 Dec. 4 2% Dec. 7 8% Dec. 30 51% Dec. 27 Oct. 16 Apr. 4 Dec. 28 2 Dec. A* 6 Apr. 8 July May 16 27% Dec. 10% Dec. 84% Dec. 1% Dec. 29% Dec. 18% Dec. 14 Dec. 22% Dec. 1% Dec. 108% Dec. 76 Sept. 21 9 15% Jan. Sept. 13 31 11 55% Sale Sale Sale M 27 Nov. 16 9 1 Aug. Apr. 10 125 9 157 Oct. 149 4% 3% 10 14% Oct 29 27 39 1 17 June 27 20 20 Feb. Aug. 24 30 12 Dec. 8 Dec. ' 4 Dee-.—1 9— 24% Dec. 12 Dec. 13 12 1 % Dec. 30 Dec. 27 8 Dec. 5 7 15% Dec. 30 20% Dec. 15 Dec. 2 30 3% 14% 86% 4A Wrigley (Wm Jr) Co capital..* Yates-Amer Mach capital 5 Yellow Cab Co Inc (Chicago).* Zenith Radio Corp common. 8 11 10 Apr. 1 1 Dec. 6 Dec. r% Dec. 13 14% Dec. 14 11% Dec. 41% Dec. Sale Sale Sale 6 Dec. 21 30% Sale 7 10% 41% 76 11% 1% Sale 3A 12 7 19 Apr. Apr. 7 93 8% 18% 15 Dec. Dec. Dec. 22 27 A „ 2 9 Sale Sale Sale 8 28% 4% % 12% 10 May 24 7 14 17 Sept. 13 2% Dec. 23% Dec. 14 40% Dec. Dec. 1 79 1% Dec. 13 15% 20% * * * "2% Sale Feb. 18 Sale Sale Sale 5 27 2 Sale 7 Dec. 30 27 12 A 5 6 11 11 Dec. 29 Sale Sale Sale 76 12 ----- 1 19 26 8 93 10% 41% Sale 39% 41 73% 11% Sale -_I%J3ale Apr. Apr. 28 1% Dec. 26 95 90 11 June 19 7 Jan. 12% Dec. % Dec. % Dec. 40 Dec. 117% Dec. 28 125 150% Dec. 20 152% Dec. 47 Dec. 1 40% Dec. 1 Dec. % Dec. 21 8 % Dec. % Dec. 11% Dec. 11% Dec. 21 16% 17 18% 13% 14 Sale 15% 21% 22% 23 21% Sale 1% 1% 1% 5% 107% 108% 108 109 110 16% 11% Nov. 27 4 June 15 29 9% 84% Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. % 11% % Dec. 11% Dec. 27 Sale Sale Sale 25% Sale Sale Sale 26% 4% 10 80 Ex-dividend. 36 % 14% 118 x Sale 10% 15; * Cum prior preferred 4,850 Williams Oil-O-Matic com Wisconsin Bankshares— 40 Sale 14% 1% 21% 4% A Wayne Pump Co capital—-.1 Western Union Teleg com.. 100 West'house El & Mfg com—50 WIeboldt Stores Inc com * 420 750 40 Sale 20 116% Sale" * (Montgom'y) & Co cl A * % Sale 27 12% 20,530 Wahl Co common 46,373 Walgreen Co common 12 36% 90 A 3,630 3,733 8 29% 2% 7 4 Dec. 30 Dec. 19 6 13 Dec. % Dec. 11 40% Dec. 27 15% Dec. 27 12% Dec'. 21 1% 23% United Air L Transp cap.* capital-.5 1 Highest Sale Prices % % 30,736 United States Steel common..* 7 % preferred 100 1,523 52,800 Utah Radio Products com—.1 Utility & Ind Corp common— 5 17,400 Convertible preferred 7 26,250 * 480 Viking Pump Co common 6,786 900 2 Lowest Sale Prices 15 Union Carbide & Carbon 200 United Gas Corp com 7,594 U S Gypsum Co common 200 6,600 2 10 Highest Sale Prices 40 A 1,820 Southw G & E Co 7% pref-_100 460 Southwestern Lt & Pow pfd..* 50 - 7% -* com—10 17,850 Peabody Coal Co B com——* 530 6% preferred. ---100 Common.. 690 60 70 Sale 12% 14% 6 50 , 11% ♦ Lowest Ask Ask Bid Bid Sale Prices 30 Dec. Dec. 1 1939 Par Shares YEAR 1939 Price EXCHANGE Months 1939 550 RANGE FOR PRICES IN DECEMBER CHICAGO STOCK December EXCHANGE STOCK Nov. Oct. 2 25 Sept. 13 Dec. 30 Dec. 22 Jan. 5 18 28 June 15 Oct. Oct. Feb. 6 Feb. Feb. 6 21 Oct. 18 Nov. 1 July 6 June 2 Oct. 25 Jan. 3 Sept. 21 Sept. 12 Mar. 11 Dec. Jan. 5% Jan. 5% 85% 2% 9% 22% 5 5 Jan. July Sept. Oct. Jan. 6 11 19 18 18 13 26 4 RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Slock Sale's _. Shares Jan. 1 to Dec. 31__ 1938 57,453 563,150 . 91,841 594,502 / 1939 Bond Sales 1939 - December December... $172,800 2,619,350 Jan. 1 to Dec. 31 ' 1938 $223,900 1,594,700 AGGREGATE 12 PRICES BALTIMORE STOCK EXCHANGE SALES In 1939 BONDS $ December RANGE FOR IN DECEMBER BALTIMORE CITY BONDS- 1939. Bid Ask Dec. Dec. 1 Bid Ask Bid 100 Ask Highest Lowest Sate Prices Sale Prices 108% Jan. : 2o_...July 121 July 121 July GityjLa,HEu.blia£a«ka^^to1955 100 City 4s Harbor serial 100 City 4s School House 1957 1957 1,800 City 4s water serial.. 1958 1,300 City 4s Dock lmpt .1961 100 City 48 School House.... .1961 1,816,000 Bait Transit Co 4s fiat... .1975 19.656 1,000 Shares 3,752 21 536,750 72,500 17,000 128,000 2,000 2,000 12,000 3,000 1,000 1,000 5,000 3,000 2,000 11,000 2,000 A 5s 1975 flat B 5s 1975 Finance Co of Araer 4%..1942 4% 1947 Ga Caro & Nor ext. 1st 6s_. 1934 Georgia 20 Sale 22 % 82 ** Sale 30% 34% Sale 36 27% 32 28 32% 20% Dec. 31 % Dec. 90% Dec. 100% 101 96 % 97 Marble Co 6%-.1950 5% 1945 103 103% 103 Dec. 18 13 6 30% Dec. 35% Dec. 92 1 5 Dec. 21 7 103% Dec. 29 100 100 100 100 100 100 19 99% 5% 1945 1946 1948 1947 100 100 1949 '99% 100 100 101 99% 101% 100 100 J00 5% 1950 5% Read Drug & Chera 5%s__1945 South Bound Ry 1st 5s...l94x STOCKS Shares 99% 3,306 58 '"623 ""246 150 1,339 846 330 379 240 — * .50 * 15,990 Bait Transit Co com vtc 1st preferred vtc 26,905 * * 2,022 Black & Decker common 505 Brager Eisenberg Tnc com 50 1 Comm'l Credit 4 % % pref__100 * 8,662 Consol Gas EL & Power 4,879 5% preferred 100 2,236 4% % pref B 100 1 5,339 Davison Chemical Co com 35,217 Eastern Sugar Assoc com 1 Preferred 1 13,921 5,274 Fidelity & Deposit 20 3,396 Fidelity & Guar Fire Corp—10 5 3,249 Finance Co of Am class A 20% Sale 21** 31 Sale 24 Sale 28 20 21 19% Dec. 19 21% Dec. 1 21** 24 22 Dec. 28 24 Dec. 11 35c Sale 37c Dec. 16 1.50 Dec. 12 26c Sale 1.55 1.50 Sale 1.80 21% Dec. 28 1.80 Dec. 2 41c 115% 15 20** Dec. 16 18 Dec. 12 19 Dec. 8 79 79 Dec. 4 81 Dec. 28 Sale 118 Sale 117 7% 5% 12% 119 Dec. 19 16 W Sale" 70 20 20** 22 5% 14% 'Sale 32 35 10** 11** 11 Sale 26 Sale 129** 130 31 32 h 30 123 190 54 70 2,636 36,192 59 2nd 126 Sale 21 Preferred 13,409 4,825 14 v 23 Mercantile Trust Co 372 468 526 460 National Marine Bank 5,412 4,400 267 6,060 470 * No 384 5% preferred 126,199 U S Fidelity & Guar 1,239 Western National Bank par value, x Ex-dividend. Sale 19% 42** Dec. 17 17** 1 16% Dec. 22 9 29 20 June 21 Oct. 6 1 101*4 Dec. 19 Sept. 30 100 Jan. 31 101*4 28 101*4 Apr. 14 101 Apr. 15 102*4 12 May 10 Feb. 42** Dec. 19** Dec. 13 1 5 20 20 100 10c Mar. 15 Sept. 30 Feb. 2 Feb. 7 Feb. 28 Mar. 3 May 10 17 24% Mar. 10 31% Jan. 3 15% Apr. 10 70c July 28 2.10 Jan. 21 3% Apr. 28 24% Sept. 26 22 19 24 98 84 22 117 4 Jan. 19 Oct. 24 Aug. Jan. Sept. 14 121 % June 6 10% Sept. Apr. 4 17% Sept. Apr. Sept. Apr. 11 32 8 130** July Apr. Apr. 19 July July 27 June 20 2 Apr. 14 8 Nov. 14 3 Sept. 27 25 Mar. 30 6 Nov. 8 2.00 .Ian. 50 22 30 June May 25 100 *May 25 Feb. 27 (JScV'Mar. 23 12 4 Dec. 12 4 Dec Mar. 10 37c 45c 25c Dec. 2 46c Dec. 13 25c Dec. 33c 35c Sale 25c Dec. 7 33c Dec. 22 25c Nov. 29 1.40 Jan. 7 1 Dec. 24 27** Jan % Feb. 17 35% Jan. Dec. "35*1 Sale 2% 7 224 50 15** 25** 16 Sale 35 28% 47% 44** 39 11** 12 1.15 Sale 82** 27% 83** Sale 13 Sale 1.40 87** Sale 88** 13** 13% 27** 2?-* 2% 46** Sale 43** 13 % Sale 1.35 1.50 85 "80 77 10 50 2 19** Sale 13** 37** 22** 20 31 Sale 33 40 Sale 35 22** Jan. 9 4 20 53 Dec. 9 13% Dec. 14 42% Apr. 10% Apr. 10 12% Dec. 1.30 Dec. 1.45 Dec. 8 1.00 Feb. 24 87** Dec. 13 83 19c Dec. 35c Dec. 28 Dec. 70 Dec. 15c 67 Dec. 11 Dec. 4 22% Dec. 113% 67% 64% 12% 11 34% 8 16% 33** Dec. 6 35 20 90 80 40 33 Aug. 17 1.00 Jan. 14 112 100 12 25 16 28% Dec. 2% Dec. 35 Sale 34 39 22 39 Dec. Dec. 31 June 23 8 Sept. 21 Sept. 21 Dec. 8% Jan. 30c 6 Mar. 15 3 1.40 Jan. 2 Oct. 11 3 19 __ July 21 21% Sept. 27 28% July 12 3.00 Sept.27 53 Dec. 9 4 263 14 67 "45c" 67** 2 29 Dec. Dec. Dec. Dec. 87** Dec. 86** 35c Dec. Jan. 12 27 12% 28% 2% 45** 31 19 10% Mar. 6 10 Apr. 18 5c 25c 3 12 26 26 27 27 35% Jan. Dec. 1.40 Sale 100 .30 11 17 Sept. 27 1 Aug. 11 1 42** Dec. 16% Apr. 15 101 ... 1 10 3 30 * 1 14 10 June 21 2** Apr. 16 Apr. 16** Mar. 98 Oct. 7l Jan. 112** Mar. 100 100 2 48,198 New Amsterdam Casualty 46,404 North Amer Oil Co com 894 Northern Central Ry 10 1 12,745 Owings Mills Distillery * 3,068 Penna Water & Power com Preferred * 6 564 Phillips Packing Co 5 % % pf 100 12 Real Estate Trust Co 532 Seaboard Comm'l com 20 19** 42** 19% Dec. 13 * * 7,255 Merch & Miners Transp 3,638 Monon W Penn PS 7% pref.25 3,545 MtVern-Woodb Mills com. 100 Preferred 100 4,574 1,553 "3', 186 t 2d preferred 22 79,363 Mar Tex Oil Common class A 16,453 2,344 Martin (Glenn L) Co com 132 Maryland & Pa RR com " 19 100 new 134 Mfrs Finance common 1st preferred 252 8 8 21 54 1.20 Apr. 6 Dec. preferred 100 Guilford Realty Co com 1 6% preferred 100 Houston Oil preferred 25 Humphryes Mfg Co common. * 25c 5 rill Dec. 20 118** Dec. 5% Dec. 30 7% Dec. 15 11 Dec. 1 4 Dec. 26 Dec. 30 12** Dec. 12 30 123 Dec. 28 128** Dec. 4 112 8 29% 31** Dec. 7 30% Dec. 10** Dec. 2 9% Dec. 20 8% 9% 12 Georgia Sou & Fla 1st pref. 100 6 13 28 28 80 19% Apr. 17 Apr. 15** Apr. 116** Sale 7% 10** 9% Sale 25** 30** 10 9% 118 5 Class B 405 Oct. 28 28 28 par 37,189 Arundel Corp 2,018 Atlantic Coast L (Conn) • . 12 762 Benesch & Sons Co Inc com..* '""200 13 118 July Mar. 15 101 102 30 Atlantic Coast Line RR comlOO "2,138 July July Mar. 28 101 5% 5% July 28 121 28 121 June 21 101 19 101*4 Dec. 28 120 Mar. 100*4 May 100 101*4 Dec. Sale Prices 27 108% Jan. 27 7 128*4 July 28 124*4 July Nov. Apr. 10 31 Anr. 12 35*4 Nov. Dec. May 9 92 Jan. 12 102*4 Feb. 101 Jan. 17 103*4 Dec. 96 15*4 Mar. 15*4 Mar. 20 121% 124% 19% 22% 83% 80 45 50 Ga Sou & Fla Ry Interstate Co 5% Oct. 118 , 80,000 67,300 4,500 1939 Highest Lowest Sale Prices 30 400 Clty 3 %s Four Million.... 1945 .... YEAR Price Jan. 3 Months 14 44% Sept. 29 14% July 31 1.55 Sept. 9 88** Mar. 10 35c Dec. 28 84% Mar. 10 Sept, 12 113% Sept. 12 June 24 Mar. 23 100 65 Aug. 23 July 20 13% Jan. 30 Sept, ,20 7 Oct. 24 39% July 23 Mar. 10 Apr. Jan. 35 Dec. 20 RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales 1939 . December Shares > Jan. 1 to Dec. 31 1939 1938 December $11,800 Jan. 1 to Dee. 31 566,500 $59,750 226,300 1938 477,224 5,378,861 Bond Sales 669,749 5,410,553 AGOREOATE BOSTON STOCK EXCHANGE SALES In December 1939 "i"o",006 1,250 ""550 Shares BONDS 1939 - — STOCKS Shares _ 1,275 223 10,396 1,800 212 200 610 2,479 4,675 2,972 1,549 '""390 20 " 41,670 15,878 1,790 6,544 3,805 1,783 345 944 153 523 425 3.177 130 296 447 3,452 168 . 880 559 625 Preferred Prior 10 3,190 175 1,150 3,930 2,623 1,282 441 775 3,990 4,486 . 1,920 18 225 320 1,116 150 85 210 800 25 52 1,158 380 2,485 300 1,783 6,045 ~145 320 1,864 14 3,428 1,589 3,027 787 5,736 475 518 ' Class D 1st pref stpd Class D 1st preferred 100 8 3,143 405 725 3,808 165 10,640 454 ""484 605 100 * Reece Button Hole Mach Reece Folding Mach Co .100 100 100 2.50 100 100 32 c 1,639 Venezuela Holding Corp 422 Vermont & Mass Ry Co 16,187 Waldorf System Inc 7,619 Warren Bros 669 Warren (S D) & Co No par value. *Ex dividend Sale 92 99 Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices 91 93 - 96 96 1 8 92 94. Dec. 27 Dec. 11 98% Dec"." 18 "98% "Dec" 18 102%— Aug. 11 Apr. 12 Apr. 8 80 80 92 — 96 —- Dec. Dec. <89 91% 60c 1% 10 149% IX 24% 75 82% 130 52% 18 35c IX Feb. 91 Jan. 32 94 96 17 103 9 102 100% May 11 101 — 100 50 Sale Sale 25% 170% 29% 80 90 11 Sale 145 Sale 44 Sale Sale 18 1 1 100 * .__* common. _* 87c 2% Sale Sale 2% 2% Sale 2 Sale Sale Sale 24 1% 1% 2% 1% 13% 17% < Sale 26% 1 2% 2% Sale 3% 25c 1% 5% 75c Sale 5% 11c 5% 20c 2% 38% Sale Sale 1% 68% 20 Sale 20% 3% Sale 16% 5% Sale 24 Sale 12% 1 67 18 14 22 4 24 17 Sale 32% 1% 5% 8 Dec. 2 11 Dec. Dec. Dec. Dec. Dec. 1% Dec. 1% Dec. 2% Dec. 27 8% 1% 1% 1% 1% 15 14 14 18 23 26 11 2 Dec. 22 13 Dec. 1 6% 25% % 16% Dec. 28 1% Dec. 26 1 6% Dec. Aug. 11 June 19 June 17 July July 17 3 June 14 3 3% 20 1% 4% 5% 2% 1% 20% 3% 25% 30c 50c 27c 35c 20 25c —.. Sale Dec. 16 4% Dec. 14 6c Dec. 26 4 2% Dec. 1 38% Dec. 7c 2% 42% 20c 2% Sale 19 19% 95c 57 18 16 19 Sale 15 3 Sale 3% Sale 1* 1% 1 1% 4% Sale 6% Sale 2 3 15% "l% 37% 1% 38% Sale 125 20c 21 2% 14% 24% 2 16 7 24 Sale 15% 4% 15c Sale Sale 3c 17 Sale 80c 1 3% 22 12c Dec. 5 10c Dec. Dec. 18 « 11% Sale 1 30 Sale 30% Sale 7c Sale 24% 28 Sale 84 43 43% 60c 45c 2 81 1% 44 6% 1% 26% 44 Sale 2% 30c 19 Jan. 4 June 6 Mar. 20 Aug. 9 Jan. Jan. 4 Nov. 15 Nov. 28 18 11% Dec. 9 12 Dec. 6 70c Dec. 14 ^Dec. 12 Dec. 14 1 29 5c 32 80 Dec. 26 Dec. 28 Dec. 11 6 Dec. 42% Dec. 19 45c Dec. 30 1% Dec. 1 6% Dec. 15 38% Dec. 31% Dec. Sale 1% Dec. 12 26 Dec. 18 1 6 Dec. Dec. 84 Dec. 30 2 8 43% Dec. 21 60c Dec. 4 2% Dec. 18] 7% Dec. 1% Dec. 26 Dec. 2 17 Sept. 27 10 Jan. 3 Jan. 30 18 Nov. 3 3 22 Jan. Jan. 17 Apr. 14 Sept. 22 Sept. 27 Sept. 6 Dec. 8 . 24 10c Oct. 13 July Dec. 10c Dec. 20c Feb. 9% Mar. 15 Sept. % June 9% Dec. 19 11 Nov. 3 12 57 9% Dec. 70c 26 Dec. 25c 9% Dec. 38% Dec. Oct. July 22 May 5 30c 16% Dec. 23% Dec. 2% Dec. 19 Dec. 14% Dec. 29 1 21% Dec. 1% Dec. 19 31 17 Sept. 0 July 21 Sept. 27 103% Apr. 10 2 July 7 42 May 24 % Dec. 28 % Dec. % Dec. 28 90 6% Jan. Feb. 3% Jan. 4c Apr. ii* Dec. Dec. 22c Sale 15 12 2 1% Dec. 37 6 125 23 31 3 Jan. 20 14 19 4% Dec. 20 1 Feb. Jan. 27 5 Dec. 14 10c 5 Jan. 3 Mar. 10 June 15 1 Dec. 29 Dec. 22 Dec. 5 Sale 6 27 July Dec. 15% Dec. 4% Dec. 2c 10c "7% 8 Dec. 6 20c 2 7 4 19 2 28c Sale 7% 1% 29% Mar. Mar. Mar. 25 2% Dec. 25c 80 Sept.13 31 Dec. 9% 14% 23% Sale 1% 2% 9% 9% 1% Jan. Jan. Jan. Mar. 10 Dec. Dec. 2 13% Dec. 1% Dec. 28 10c 55c oi* 25c 7 Mar. 22 Nov. 16 7 Sale 60c 1 5^8 Apr. 15 36 11 18% Apr. 10 27% Apr. 18 20 22c 80% 42% 7 12 Mar. 23 121 24 4 4 30c 27 Sale 8 May 25 15 Dec. Dec. Dec. Dec. 20c Dec. 6 16 3% Aug. 22 6 Dec. 5c Sept. Feb. 3 2% Dec. 21 27 75c 1 6 Oct. 11 Aug. 24 15 Dec. 61 Sale 17 June 15 6% July 60c 55 Dec. 74c 11% Sept.12 28c 9 56c Mar. 35 2 1% Dec. 26 Apr. So* 16 7 18 Sale Dec. 6 Dec. Sale 6 8 May 12 Apr. 10 5 Dec. Dec. 1% 31 68 19 Dec. 6 Sale 24 85% Sale 42% 43 70c Sale 1% 2% 67% 70 6% Sale 6 6% Dec. 2% Dec. 51c 18 Oct. Oct. 16 21% Dec. 19 2 2% Dec. Sale 26 23 12 1% Dec. 4% Dec. 61 11 Nov. 14 Jan. 7 1% Dec. 13 1% 38 25 Dec. Dec. Dec. 23% Dec. 25c 2% Sept.27 Sept.27 Sept.27 Sept.14 July 25 Apr. 27 •% Apr. 14 13% Jan. 25 4% J an. 11 10 Apr. 8 2 Jan. 3 2c Dec. 29 37 Sale 47% Dec. 22 2 26c 125 38% 40 12 30% Dec. 23 Sale Sale Mar. 10 Sept. Aug. 10c 58 Sale 11 May 27 June 27 Aug. 24 May 24 12 Dec. 6 18 Dec. 9 Dec. 15 3 7 4% Dec. Sale" 2% Jan. 1% Dec. 26 Dec. 11 Dec. 62c 15% 2 Sale Dec. Dec. 26c 22 Sept.27 Sept.27 J* 23 Dec. 11 3% 48% 22% 1% 61% 60c Sale 5 June 26 10% May 11 9 May 8 2 11c "90c" 70c Sale 1% 10% 5% Dec. 50c 56c 21c 3% 17% Dec. 27 1 4 4% Dec. 5% Dec. 22 33 "75c" 4c Sale 24c Sale 1 Dec. 16 75 80 % 57 Sale 21% Dec. 15 *30% Dec. 22 10c Sale 18 July 23% 2 13% Dec. 1% Dec. 27 7 14% Dec. 12 %c 6 20 Oct. 23 10c 15% 4% 6 1% Dec. 7% Dec. 22 Oct. 16 Oct. 15 Sale 7 14 26 1% Jan. 16 1% May 8 19 13 Jan. Jan. Sept. 25 12% 1% 14% 6% 10c 8 27 Mar. 14 10c 2% 1% 1% 1% 1% 27 23 15c 2% 6* 1 7 Feb. Jan. 17% 24 Dec. 3% Dec. 2% Dec. 14 Dec. 21% Dec. Sept.27 Sept.30 July 9 Jan. 12% 17 Sale Mar. 3 Nov.22 17 14 12c 7 Sept.27 Aug. 8 Jan. 20 27c i\H 9 38% Apr. 11 16 Apr. 6 7 2% Dec. 6 2% Dec. 1 2% Dec. 2 Dec. 29 5 2% Dec. 2 26 Nov. 13 18 35% 22 Dec. 12 Oct. Nov. 20 30 Sale Sale 2% Dec. 21 3% Dec. 27 65c Sale 55 Dec. 20 Dec. 27 Dec. 22 Dec. 26 35 2 2% Dec. Dec. 30 Mar. 10 15% 30% I* J* Dec. 13 3 21 9% 55 17 Sale Sale 30 16% 22% 30% 6% Sale 4% 1 3% 4% *127 Feb. May 25 Mar. 4 20C 60 1 2 Jan. 3 1% 7% 27% % Jan. 17 Dec. 15 Jan. 9 2 6 46* 12 147% Apr. 10 % Dec. 21 18% Aug. 24 67 Apr. 17 9 Sept.12 70% May 17 Dec. 41% Dec. 19 17 Dec. 27 Sale 95c 60 2 o 2% 87c 4 75 5% 32c Dec. 15 Dec. 10% Dec. 28 12 77% Dec. 27 83% Dec. Dec. 143 Dec. 23 148 15 Sale ' 1 1% Sale 6 1% Dec. 26 35c 3 « — Dec. 14 Dec. 15 7 Dec. 3 2% % Sale 15 1 18% 1 Sale 10 25 11% 78% 53 25c 32c Dec. 26 Sale 167% Dec. 18 171% Dec. 30 6 Sale % Dec. % Dec. 21 8 29% Dec. 29 25% Dec. 30% 4 92 89 Dec. 22 90% Dec. 77% Sale 12 3 52 1% 13 22% 1% 8% 25 5 45c 1% 12 50c 60c 25 10 Shawmut Assn T C. Stone & Webster Inc cap stock. Suburban Elec Secur com * 2d preferred 143 * 33,434 Torrington Co (The) 2,180 Union Cop Land & Min Co. 25 4,954 Union Twist Drill.. 56,703 United Shoe Mach Corp 6% cum preferred 6,770 84,593 Utah Metal & Tunnel. 89 102% 1% 2% 100 100 457 100 12,667 Boston Personal Prop Trust. _* Boston & Providence 100 2,786 3,615 Brown & Durrel Co common. 25 15.798 Calumet & Hecla 455 Century Shares Trust. 1 150 Cliff Mining Co.. 25 12 Conn & Pass Riv RR Co preflOO .25 35,229 Copper Range Co * 2,187 East Boston Co 9,490 Eastern Gas & Fuel Assn com.. 4 %% cum prior pref 23,706 100 6% cum preferred 100 13,426 100 7,475 East Mass St Ry Co First preferred 100 4,612 Preferred B z 100 6,402 100 14,152 L>. Adjustment * 30,018 Eastern SS Lines, Inc Preferred.. * 463 560 Economy Grocery Stores * 18,646 Employers' Group Assoc T C_* * 1,216 General Capital Corp Georgian Inc (The)— 8% cum class A pref 2,329 20 * 3,221 Gilchrist Co * 14,015 Gillette Safety Razor Co * 1,274 Hathaway Bakeries class A Preferred * 1,343 Class B * 1,971 1 5,583 Helvetia Oil Co tr ctfs 255 Int'l Button Hole Mach Co. .10 4.178 3,633 30,043 52,839 3,121 Lowest Sale Prices Dec. 30 Ask Bid 96 — 2 100 815 6% pref 11.799 N Y N H & Hartford 207,220 North Butte 85 Northern RR (N H) 10,198 Old Colony Certificates of deposit 3,444 10,739 Old Dominion Co 9,302 Pacific Mills 61,375 Pennsylvania RR 14,579 Quincy Mining Co 2,589 24,592 - , 88% 88% — 100 Class B 1st pref stpd 1st preferred class B 37 New River Co common._ 1,990 : Sale 82% 12,178 Isle Royal Copper 15 2% Sale 927 Loew's Theatres (Boston) 13 25 15% 100 7,138 Maine Central 5% 6 Preferred 5% 100 15 2,995 * 2 Sale 16,623 Mass Util Associates v tc 820 Mayflower Old Col Cop Co..25 9,143 Mergenthaler Linotype * 22% Sale 51,691 Narragansett Rac'g Assn Inc.l 3% 3% .1 1,260 National Ser Co common * "1% "2% 2,698 National Tunnel & Mines 2,458 N E Gas & El Assn pref * 13 14% 100 106% Sale 23,721 New England Tel & Tel 710 "4",700 84 100 .100 _ 1,522 Bid 32 . 100 100 Class A 1st pref stpd 1st preferred class A Class C 1st pref stpd 1st pref class O Dec. 1 Ask 2% Sale % 6% Sale 2% Sale 1% 2% Sale 1% 100 preferred. Bid par 0,733 American Pneumatic Service. * 7,856 6% non-cum preferred 50 First preferred 50 1,441 127,723 American Telep & Teleg 100 1 5,905 Assoc Gas & El Co class A 1,242 Bigelow-Sanford Carpet com.* 849 6% cum pref 100 * 3,267 Bird & Son, Inc 100 26,052 Boston & Albany ...100 37,329 Boston Edison Co 100 17,465 Boston Elevated 14,358 Boston Herald Traveler Corp.* 776 Boston & Maine pref stpd—100 Common (stamped) 1,713 100 942 YEAR 1939 Jan. 3 Par $ 1,000 Boston & Maine RR 4%s_1944 358,000 East Mass St RR ser A 4%s '48 Series B 5s 1948 142,850 Series O 6s 1948 23,000 Series D 6s .1948 31,650 Series E 6s_: : .1948 9,000 % RANGE FOR PRICES IN DECEMBER Price 12 Months 27 31 1 28 18 July 27 8% Apr. 14 08% Apr. 8 35c Apr. 14 36 Aug. 25 22% Feb. 14 J an. 11 Sept.11 Jan. 4 Jan. 0 12 Jan. Sept. 12 Dec. 28 Feb. 16 Mar. 17 Oct. 4 71% Apr. 14 39% Oct. 13 July 25 July 28 May 3 5c 17 45c Dec. 30 1% Jan, 17 69% Jan. 12 5% Apr. 11 1% Dec. 12 23 Mar. 18 Dec, 18 Sept. 28 Oct. Jan. 21 16 Nov. 25 Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD EXCHANGE RANGE OF PRICES ON PITTSBURGH STOCK December Shares. Jan. 1 to Dec. 31.. 1,178,001 $1,000 15,000 December Jan. 1 to Dec. 31 AGGREGATE STOCK 12 December $ Jan. 3 BONDS S TO CKS Shares Shares 145 140 * 4,551 Armstrong Cork Co 13,396 Blaw-Knox Co 8,691 Byers (A M) 628 298 30 lb" 16.5 113 105,709 6,724 47,076 1,705 1,598 """105 2-126 100 1,457 6,379 18,961 1,265 5,076 57,735 533 5,022 42 175 380 1,207 200 418 2,742 Preferred Carnegie Metals 112 * 27 38% 11% * * __l00 1 * (1) L) Candy.. Columbia Gas & Electric * -* Consolidated Ice Co.. 75c 6% 7% 7% Sale 55c * * Crandall McK & Hend Devonian .Oil...... 6 10 New__ 18 Duquesne Brewing 5 Electric 12% Follansbee Bros pref Fort Pitt Brewing 100 1 90c 10 73,909 Mountain Fuel Supply 33,817 Nat Fireproofing Corp com.-5 * 1,397 National Radiator Corp 960 Penn Federal Corp common..* 146 4% % preferred 50 5,794 Phoenix Oil preferred 1 4,125 Pittsburgh Brewing * Preferred * 6,407 100 2,055 Pittsburgh Coal Co com Preferred 100 1,857 1,135 Pittsburgh Forgings 1 3,059 Pittsburgh Oil & Gas 5 3,727 Pittsburgh Plate Glass. 25 * 19,112 Pitts Screw & Bolt Corp * 1,456 Pittsburgh Steel Foundry ' 50 115 Preferred 665 Plymouth OR Co 400 252 875 4,000 3,495 Renner Co 2,117 Reymer & Bros common 1,412 Ruud Mfg 60,377 San Toy Mining 25,950 Shamrock Oil & Gas 9 18% 12% 1 * ...5 1 Preferred 100 557 Preferred 10 100 1,025 160 1,155 282 Dec. 6 27 27 5% Dec. 18 5% Dec. 20 Dec. 14 Dec. 22 4 17% 11 3 16 11 12% Sale 10 1% 1% 11% 1% 14 1% Dec. 7 6% Dec. 6 6% Dec. 29 25c Dec. 14 1% Dec. 14 17% Dec. 14 Dec. Dec. 28 5 16% Dec. 18 10% Dec. 20 17 Dec. 11 26 11 Dec. 4 5 Dec. 15 3 17 40c Dec. 15 11 Dec. 27 1% Dec. 22 14% Dec. 15 1% Dec. 26 Sale 32 75 9% 60c 93 4% Sale 2% 2% 5 70 55c 26% Dec. 30 32 Dec. 30 9% Sale 9% 84% 10 Sale Sale 83% Dec. 27 9 Dec. 1% Dec. 5 11 96 Dec. 6 10% Dec. 14 1% Dec. 20 1% 6% Sale 2 6% Sale 1% Sale 6% 7% 4% 4 4% Dec. 1% Dec. 27 6% Dec. 19 Dec. 1 1 % Dec. 6% Dec. 6 19 5 ::v 27% 2% 29 1% 31 1% 8% 7 Sale Sale Sale 1% 31 1% 1% 32% 2 Sale 10 9 45 1% 30% 4% 20% 1 Dec. 5 Dec. Dec. 27 Dec. 21 Apr. Sept. June Sept. Sept. Dec. Feb. 90c Jan. Sept. Jan. Dec. 1 5 Dec. 14 3 20% Dec. 21 60c 2% 5 lc 2% 50 75c 50c 4 ..... 2c Sale ..... 5% 60c 60c 2% 2 Sale 50c 2 11 Dec. Dec. 28 50c Dec. 11 2 Dec. 28 5% Sale 5% Dec. 11 lc 2c lc Dec. 29 2% 2 2c Sale lc 2 1% Dec. 16 Dec, 15 75 7% Dec. 12 5% 47 5 75 7% 65 80 6% .r72 5% Dec. 7 lc Dec. 2 Dec. 29 16 Dec. 12 7% Dec. 12 Apr. 7% May 1 Apr. Sept. 3% May 20 May 18% July 50c July 2 May 5 May 4 lc 5 1 35c 25 1 32% 30c 1% 29% 118% Sale Sale 6 34% Dec. 16 34 Dec. 25c Dec. 3 Dec. 5 12 16 25c 2 55c 33% 34 Dec. 5 30c 20c Dec. 20 2% Dec. 26% Dec. 108% Dec. 8 30c ..... 26% Sale 20c 3 27 116% Sale Sale 1 4 20 19 Jan. 1 12 26 20 12 7 12 4 Sept 20 23 Oct. 80c Jan. 3 8 Jan. 10 28 25 21 2c July 30 Feb. 15 Sept.13 Dec. 12 Dec. 75 12 7 26 40% June Jan. to5? Oct. Sept. 19 75c Sept. 15 38% Sept. 25 Mar. 60c Sept 22% Aug. 20c July 1 July 18 Apr. 83% Apr. 1% July 7 Dec. 12% Sept. 10 32 Sept. L 13% Sept. 30 May 116% Mar. 11% Sept. Jan., Mar. 11 20 Jan. 32 Jan. 28% Dec. 8 116% Dec. 30 Oct. Feb. lc 25% Apr. 50c 55c 36 50c 26% 25c 32% Dec. Sale 6 2 1% June 50% Mar. 24 Sale Oct. 90 Sept. July 17 Sept. 7 1% Feb. 20 Jan. 13 30 9 26 Mar. May Nov. 17 3% Sept. 29 1% Oct. 22 Apr. 32 6 Dec. 10% 2% 31% 5% Jan. 27% July 4 Apr. i% July 6% Dec. 1% July 19 7 - 96 July 7% Apr. 1% Dec. 6 6 Mar. 16 Sept. 11 1% Feb. 17 31% Sept. 11 11% Jan. 26 32 Dec. 30 68 Sept.18 20 55 50c 4 2 Jan. Apr. 6% Apr. 25 Jan. Nov. 2 1% June 26% Jan. 14 17% Nov. 4 8 July 27 21% June 28 14% Mar. 11 1 July 24% Jan. 11% Apr. 3 6 m Dec. 8% Feb. 25c Mar. 15 10 5 3 2 Jan. 20 Sept. 8 Apr. 5% Apr. 25c May May Oct. 5 25 1 1 % Dec. 1 1% Dec. 98% Dec. 12 101% Dec. 21 8% Dec. 18 7% Dec. 12 6 7 Dec. 6 7 Dec. 16 3% 7% 56% 17% 16% Jan. 25c 4 Feb. 115 Dec. 5% 33% 8% 7% 68% lc 2 32% 50 2 Jan, Sale 19% * 5 1 ..* 1 * * 27% Jan. 14% Aug. Aug. 12% 5 247 770 Standard Steel Spring 6,633 United Engine & Fdy 2,340 United States Glass. 355 Voting trust certifs 4,248 Vanadium Alloy Steel... 10,593 Victor Brewing Co 660 Waverly Oil Works A 27,709 Westinghouse Air Brake 8,105 Westinghouse El & Mfg 31 110%-Jlec. 21 60% Jan. 100 37 ""501 16% 10% 7 2% Dec. 26 7% Dec. 7 38% Dec. 2 11% Dec. 9 13% Dec. 7 ..5 1 100 2,892 July 25% July 15" 987 4,159 165 35c 20 1 14 9 183 20 25c 25c 25c "8% "10% .* 70,316 Lone Star Gas 3,270 McKinney Manufacturing—* 391 6 Sale Dec. Dec. Dec. Dec. 5 10,763 1,415 200 Sale * Products ""345 285 40c 5% 6% 5% Sale 6% 36% 10% 12% 10 Cqpperweld Steel.. 25 395 50c 10% 2 10 Preferred 30c Sale Sale Dec. 16% Dec. 25c 100 100 3.744 Koppers Gas & Coke pref. .100 1,335 . 110 112 2 * 22% Dec. 112% 112% * 290 Jeannette Glass preferred 120 Jones & Laughlin St'l pref.. 180 20% Dec. 27 Sale 113 10 Clark 90 Mesta Machine Co '""Sale Prices Nov. 16 Nov. 16 112 Sale Prices Hai4.JQea._21110 M--D.ec, _21 139 Harbison-Walker Refrac com.* 35 Home (Jos) common 100 120 Highest Lowest Highest Lowest ^Shte'Prices 108% 100 Preferred 1,092 Arkansas Nat Gas Corp Preferred. 5,816 333 395 30 Ask Par 12,623 Allegheny Ludlum Steel 263 Dec. Dec. 1 1939 $ 8,000 Independent Brewing 6s. .1955 7,000 Pitts Brewing 6s__ 1949 - YEAR 1939 Price EXCHANGE Months 1939 "i"66o $14,666 RANGE FOR PRICES IN DECEMBER PITTSBURGH SALES In 1938 1939 Bond Sales 1938 109.161 1,373,537 1939 103,066 Stock Sales 40c 3 Jan. 20 Nov. 28 37 Sept. 2 119% Sept. 1 UNLISTED 1,126 * 6,662 Pennroad Corp vtc No par value, x 1 1% Dec. 11 1% Sale Ex-dividend. i 2 Dec. 3 3 % Sept. 2 RANGE OF PRICES ON DETROIT STOCK EXCHANGE v Stock Sales 1939 Shares. AOOREOATE SALES 1938 j 245,§29 . December 327,447 I Jan. DETROIT 12 December STOCKS 1939 1939 Par "*575 Tr5B3t2mgff"EIec"S^KquTpmTO::r-_.r 3"550 Atlas ~ 4,248'.*" Drop Forge common 5 17,892 Auto CityBrewlng common--* 1:670 1,783 300 3,635 550 250 79,642 2,642 12,268 96,068 29.210 31,967 YEAR 1939 Price Jan. 3 Months SMlfs L. :$Mr§? 2,667 RANGE FOR PRICES IN DECEMBER STOCK EXCHANGE In 1938 4,057,484 1939 Shares. 3,569,002 Stock Sales 1 to Dec. 31 Baldwin Rubber common 1 Bid Bower Roller 2 36c r 40c 7% 754 Bearing 5 Briggs Mfg Co common * Brown-McLaren Mfg Co _1 Burroughs Adding Mach.____* 22,101 Burry Biscuit Corp 1254c 1,595 Capital City Products * 100 Casco Products Corp Bifc±^Ask 1% 2 T?T"Sale" Bohn Aluminum & Brass-__._5 31H IK Sale IK 18 54 3 254. 12c 25c 7 X Sale 20—21~54 32% 2154 22% 12 IX Lowest Dec. 30 Dec. 1 Ask $ IP 20c 6 K 1 % 21 154 Dec. 4 30c _Z54 7c Dec. "29 654 Dec. 19 23 33 32 22 X 2154 Dec. 19 " Deer 29 754 Dec. 1 25c 2354 32 K 1X 11% Sale IX IX 8 X 9X 1 Dec. Dec. 18 3254 Dec. 29 2254 Dec. 6 7 1 Dec. 1154 Dec. 20 154 Dec. 27 7 54 Dec. 21 12 Dec. 1 7 11 1% Dec. 5 Dec. 21 8 Prices. 154 Nov. 8 Prices. -Sale P. Dec. 29 Highest Lowest Highest Prices 9 154 Feb. - 9 5 Sept. 23 "40c Jan74 754 Jan.. 4 8 I7eD^rll 5 Apr,, I854'Aug.2T |""2754 Sept. 15 , 21 17 75c 1154 13 Apr. 12 Apr. 8 Aug. 22 Dec. 20 Aug. 24 554 Mar. 27 15 Aug. 2 Nov. 4 3154 Jan. 154 Mar. 1854 Jan. 2% Jan. 5 34 8 15 8 4 7 Dec. 21 Aug. 2 Jan. 4 5 Chamberlin Metal Weather 2.654 303 600 3,390 420 16,457 589 2,400 92,801 .7,785 37,101 50,294 2,734 1,965 1.380 60,008 8,296 Strip Co common Chrysler Corp common Consolidated Paper com 5 5 10 Consumers Steel Products Continental Motors common. 1 Crowley, Milner & Co com * Cunningham Drug Stores.2.50 Deisel Wemmer Gilbert com. 10 Detroit & Cleve Nav com.-.10 Detroit Edison common 100 1,720 32,510 Detroit 4.961 44,568 Detroit Mich Stove common 37,664 Detroit Paper Products 8.381 Detroit Steel Corp common. 1,894 350 •V! """200 600 ""805 581 1,581 135 845 5,745 860 3,115 Gray Iron Fdy 1 6,000 497 100 964 1,387 3,148 2,600 1,635 1,265 3,218 810 4,166 "4:030 200 17,210 900 200 2,460 200 8,371 1,330 5,911 2,131 1,250 2,761 3,813 1,992 833 1,590 455 3,900 1,105 2,170 2,725 999 4,303 935 1,250 260 1 4 7,169 2,206 595 743 ""455 87c 3 135 N ew common Sale IK 1K Sale Sale IP 12 X 15 K 28,159 Fruehauf Trailer Co com 38,325 Gar Wood Industries com 1 3 * IK IX UK 6X 27% 1 2X IX 48,584 Hall Lamp common * New common 5 497 * 275 Home Dairy class A 18,294 Hoover Steel Ball common. .10 9,267 Hoskins Mfg Co common..2,50 Houdaille-Hershey class A Class B...1 9,660 Michigan Silica Co 27c 2% 1 1 4 % 1% Mich Steel Tube Prod .1 2.50 * common Preferred 10 Micromatic Hone Corp Mid-West Abrasive com 1 50c Moore (Tom) Distillery Co 1 * Motor Products Corp com Motor Wheel common Sale 7 31 2% 49X Muskegon Piston Ring Packard Motor Co Parke Davis & Co com 2.50 * com * Parker Rust-Proof com.: Parker Wolverine Co com 15 cVA a3,H Sale 25 common United Specialties common 578 U S Graphite Co new com. 995 U S Radiator common Preferred For footnotes see page 61. . 1% 2X 16 4 Dec. 5 3 54 Dec. 15 23 54 Dec. 29 8 17 54 Dec. 1254 Dec. 29 454 Dec. 11 2 254 Dec. 5 2854 Dec. 4 54 Dec. 26 28 Oct. 29 Dec. 15 Apr. 8 Apr. 25 1254 Dec. 29 15 4 19 4 54 2 54 Dec. 5 Dec. Sale 154 24 54 Dec. 29 Aug. 25 Apr. 10 Dec. 27 6 2954 Dec. Feb. 8 June 74c 654 1354 1354 554 Sale 4 16 Dec. 2354 Dec. 254 Dec. 18 53 54 Dec. 6 2 54 Dec. 19 1 87c Dec. 14 1 Dec. 6 35c Dec. 12 75c Dec. 29 1 55i Dec. 27 5 Dec. 16 54 Dec. 2 13 54 Dec. 7 454 Dec. 7 Dec. 28 5 6 654 Dec. 1854 Dec. 1354 Dec. 8 47c 2 53c Sale 454 154 26 19 5 Apr. 11 Apr. 8 Sept. 11 Aug. 19 254 Dec. 11 5454 Dec. 29 7 2 54 Dec. 34 2554 3 13 14 30 25 Feb. 3254 18 13 54 154 Sept. 11 754 Dec. 20 154 Dec. Jan. 154 Dec. 15 Apr. 10 Apr. 10 Sale 1554 1354 45c 8 Apr. 11 Apr. 18 Sept. 1 Aug. 24 Apr. 1 7 Dec. 7 Dec. Dec. 30 1 Dec. 3 54 Dec. 50c 26 7 54 Dec. 6 54 55c 4X 154 Dec. 154 Dec. 154 Dec. 1554 Dec. 3 Dec. 29 Dec. Jan. 12 2 Apr. '6 554 Dec. 27 5 '654 Dec. 10 Apr. 8 13 July 5 31 Feb. 23 6 Dec. Dec. 20 52c Dec. 5 154 Dec. 20 2 Dec. 7 Apr. 11 454 Apr. 10 40c Sept. 1 154 Aug. 30 14 53c Dec. 7 42c 2554 Dec. 30 8 454 Dec. 154 Dec. 27 1 1254 Dec 554 Dec. 27 44c 50c Dec 24 Dec. 16 4 Dec. 20 13 54 6 Dec. 7 . 9 June 6 2054 Jan. 26 8 254 Apr. 1 Jan. 31 2154 Apr. 154 Dec 6 90c Dec. 1 Dec. 1 55c June 27 Dec. 22c 20 20c "25c" Sale 20c 23c 24c 18c Dec. 25c Dec. Dec. 21 12c Sept Apr. 1 8 2X Sale 2J4 Dec. 654 Dec. 1 Dec. 13 154 Jan. 11 13 7 5 454 Dec. 22 Dec. 8 2 154 Dec. 8 Dec. 2 85c 15c 1154 Dec. 1554 Dec. 554 Dec. 1254 Dec. 1554 Dec. 554 Dec. 8 10 Dec, 20 43 54 Dec. 20 17 54 Dec. 12 354 Dec. 44% Dec. 2 3 1 36 Dec. 13 854 154 6 54 154 154 254 Dec. 12 Dec. 22 6 Dec. 2 Dec. 9 Dec. Dec. 14 854 Dec. 154 Dec. 654 Dec. 5 9 1 7 6 2 Dec. 14 2 Dec. 7 2 Dec. ■2 X 36c m 1% 35c 50c t Sale 50c 22 K 2% "80c 99c 554 6% Sale 1 Sale 41c Sale IX 3X 2% 24% 2 K 15% 97 Sale 42K 19% 54 K 2 1% 3% 2K Sale Sale 20% 4 83c 99c 654 Sale 154 154 454 7 54 25c Sale 3K Sale 44% Sale 19 8 Sale 954 1% Sale 7 654 154 154 V' 2 3 54 254 .254 2t> 2454 454 Sale ■1% 154 154 154 15 1354 20 854 8 54 154 Sale 654 654 154 2 IX 254 254 3 54 2 Sale 2454 25 4 54 454 154 154 154 Sale 12 1354 90 1854 3% 3 K 8 1154 Sale 15 54 16 554 6 1454 1554 354 354 44 54 Sale 10 4% 38K 254 18 "§54 Sale" 1154 12 1554" 16 54 554 Sale 254 7 3 50 SlcK 2lg 80c 12454 154 154 154 21c 1 * 554 Sale 55c 26 40c Sale * 1 .5 1 "1254" 254 Sale 2954 65c Apr. 28 May 60c Dec. 120 54 Dec. Sale 4% 4 5% 2054 254 254 354 3 54 Sale 254 3 354 4,54 23 54 254 3 Sale 454 854 Sale 254 254 3 54 354 6 :::: "i% Dec. 654 Dec. 81c Dec. 454 Dec. 654 Dec. 1 Dec. 25c 8 Dec. 45c 19 4 254 8 12 30c 11 9 2454 Dec. 1 454 Dec. 154 Dec. 28 154 Dec. 30 13 54 Dec. 20 19 354 Dec. 29 254 Dec. 26 25 Dec. 4 5 Dec. 8 154 Dec. 1 54 Dec. 1354 Dec. 4 7 19 2054 Dec. 2 Dec. 254 Dec. 3 54 Dec. 3 2 Dec. 54" Dec. 30 2454 Dec. 13 2 54 Dec. 22 254 Dec. 28 4 Dec. 4 4 Dec. 23 254 Dec. 5 June 30 June 254 Jan. Jan. 19 7 11 Aug. 29 July 1 Apr. 10 1054 Apr. 10 4 Aug. 25 10 3 100 22 54 2 54 ¥ Oct. M Jan. Aug. 5 154 Sept.14 Nov. June 16 Jan. Sale 10 ; Tivoli Brewing Co common Union Investment Co com United Shirt Distributors 50c 7 16 4 54 18c 1 100 1254 454 254 254 254 53% r5454 Sale 254 254 Sale Sale 1% r75c 12% Sale 5% 5% Dec. 254 Dec. 3 54 Dec. 2 Dec. 90c Simplicity Pattern common._1 5% cum part pref 2554 10 33 20 40c 6, 1% Standard Tube Co class B 1 Stearns (Frederick) common._* 3 54 23 54 35 Sale 24 July Sale" 2% Sheller Mfg Co common 17 13 X 30 X Jan. 22 Nov. 20 654 12% 15% 20 1 * * *10 3 % Dec. Dec. 21c 1 5 Sale 854 154 3054 554 •i* Sale 15 16 98c Dec. 90c 8 River Raisin Paper com Scotten Dillon common 2% 39c 19 Rickei (H W) & Co common..2 IK 7 54 154 29 54 90c 80c 76c * Reo Motor common 254 52 X 75c Sale Sale 8954 Dec. 84 54 Dec. 16 Dec. 16 X Sale 125 IX 15% 14 26 X 35c 21K 2% 1% 22% 2.50 1 28 5 Sale 5 10 4% 2% Sale 6 11 4 Sale 19 d'A 554 10 common. 13% 76c 123 1 18 Sale 8 Sale 62c 2K \ 2K 50c 52c 1 40,932 Peninsular Metal Products 11,312 Pfeiffer Brewing Co com 18,243 Prudential Investing Corp 22% * 21,353 80.019 Murray Corp common 35 30 5 17 16" ~17~~ 20,587 Lakey Fdy & Mach common..1 30,006 LaSalle Wines & Champagne_2 * 8.982 Mahon (R C) class A pref 1 42,832 Masco Screw Products * 2,485 McAleer Mfg Co common 281,457 McClanahan Oil Co common. 1 Timken Axle 1K 21K * 44,232 Kingston Products Corp 19,460 Kinsei Drug Co common 44,183 Kresge (S S) Co common 60,206 66,210 20,245 11,531 6.064 15% 8 27 5% IPs Sale 24% 15K * 32,217 Hudson Motor Car 69,550 Hurd Lock & Mfg Co com 37,487 22.211 19,189 16,050 20,828 1,110 54,131 2,396 18 K Sale 125 Sale 16 87c 2 IX 14 49 X 140,367 49,768 12,935 21,161 Sale^ 5X 13~~ 10 Michigan Sugar IP d* 3 50,579 Goebel Brewing Co common. .1 .1 33.915 Graham-Paige Motor com 21,710 Grand Valley Brew common. .1 33,377 2X ..... * 16,427 General Finance Corp com 147,183 General Motors common 8,708 112,403 14,056 46,714 20,191 30,814 65c 122 89M 1654 5 * 24,044 Federal Motor Truck com 56,093 Frankenmuth Brewing com_.l 102,181 3% 14 Sale 82c 112 85 2 * 3 * 21,134 Federal Mogul common 775 "5:903 354 254 n* \y* Sale Aug. 25 Apr. 14 5 5 7 8,785 Durham Mfg Co common 3,854 Eaton Mfg Co common 4,885 Eureka Vacuum Cleaner 28,012 Ex-Cell-O Corp 237 117660 14 J* o 465 Detroit Steel Products 3,282 Divco-Twin Truck Co 330 *2:432 Sale 95c 1 5 4% 82 13 1 - 410 Gemmer Mfg Co class A Class B 220 1,317 6,405 1,997 1,009 8,450 5 1254 554 154 254 154 2254 354 154 154 1354 9654 1054 154 Jan. 23 Apr. Apr. Apr. Apr. Aug. Apr. Apr. Apr. Apr. 8 11 10 1 July 1 10 7 June 21 July 1 Dec. 28 Aug. 29 Dec. 20 Apr. Apr. Sept. 2 Apr. 254 May 254 Aug. 854 Nov. 254 Dec. 10 21 10 28 Nov. 4 6 18 54 Oct. 23 8 1654 June 12!* !H Mar. Nov. 2 1 Sept. 11 Jan. 4 254 Jan. 3 16 Nov. 28 2854 Mar. 854 Oct. Feb. 30 2!H Oct. Jan. 9 5 27 26 6 Sept. 11 19 54 Nov. 9 1254 Dec. 29 654 Nov. 4 254 July 19 30 Oct. 7% Jan. July July 354 Sept. 5654 Oct. 254 Jan. 154 Nov. 31 10 75c .454 25 5 28 28 30 26 4 6 Dec. 29 Oct. 13 6 Dec. 28 7 May 17 1854 Dec. 8 5 16 Jan. 34 17 Sept. 29 Jan. 854 Jan. 4 4 Jan. 7 254 Sept. 11 76c 60c Oct. 4 2654 4% 154 2654 15* Aug. 4 70c Mar. 36c 2 8 Dec. 27 Nov. July 28 Sept. 6 9 Sept. 6 Feb. 25° 9X4 Sept. 26 254 Sept. 6' 754 Sept. 6 Dec. 8 154 Jan. 3 8 60c Nov. 20 1854 Jan. 1754 Oct. iSB Jan. Mar. 45' J an. 46 5 26 5 3 3 9 Sept. 12 Sept. 25Sept. 27 2 Jan. 21 8 254 254 354 354 25 54 Mar. 4 8 Mar. 21 Nov. 4 May 13 Sept. 8Jan. 9 Apr. 25 4 lVs Dec. ill! Jan. Jan. 3 27 Feb. 2 10 ion 10 24 H Dec. 13 4 13 3X Jan. Jan. 4 10 Mar. 9 22 Jan. 4 29 !H 14 30 6 Nov. i2o* 9 Aug. 16, Nov. 6 Jan., 1940] DETROIT AQQREQATE SALES Shares 100 STOCKS Par 7,686 Universal Cooler class A Class B 36,374 2,100 344 140 766 5,139 1,450 2,800 215 ""283 * * Universal Products common—* Walker & Co class A* Class B * Warner Aircraft Corp com 1 2,014 1,391 16,042 150,330 7,487 29,869 3,221 84 9,343 Wayne Screw Prod common—4 Wolverine Brewing Co com Wolverine Tube Co com Preferred 61 RANGE FOR YEAR 1939 Price Jan. 3 1939 Shares EXCHANGE PRICES IN DECEMBER DETROIT STOCK EXCHANGE In 12 Months December 1939 STOCK 1 -2 100 Dec. 1 Ask Bid Bid 2% 156 15 556 156 Sale 4 156 — Dec. 30 Ask Bid 18 356 4 156 Sale 156 256 17c 27c 7 856 80 100 Young (L A) Spring & Wire..* 256 156 19 16 27 356 156 Sale 1 156 2456 24 2356 3 656 7% 7856 104 1156 12 556 156 1856 27 4 3 156 Sale . 1 11c 9c Ask 9c 156 / 12c 656 7% 7556 104 1056 1156 Lowest 156 Dec. 7 18 Dec. 4 25 Dec. 6 4 Dec. 156 Dec. 156 Dec. 3 Dec. 9c Lowest Highest Sale Prices Sale Prices Highest Sale Prices 5 Dec. 16 8 6 13 6% Dec. 20 Sale Prices 5 Dec. 16 156 Dec. 18% Dec. 1 9 Dec. 6 25 3% Dec. 7 156 Dec. 1 156 Dec. 28 11c 18 Dec. 656 Dec. 20 256 Jan. 156 Sept. 1554 Aug. 23 May 156 May 67c Aug. 90c July Dec. 7 10 Dec. 13 18 17156 Dec. 28 2156 Dec 27 2556 Dec. 156 Dec. 23 756 Dec. 13 16 14056 Dec. 5 4756 Dec. 1 Dec. 27 156 Dec. 27 256 Dec. 13 27 3856 Dec. Dec. 1 2856 Dec. Dec. 27 656 Dec. Dec. 12 1656 Dec. 1956 Dec. Dec. 27 1556 Dec. Dec. 27 1256 Dec. Dec. 19 556 Dec. Dec. 26 30 7 Dec. 12 554 Sept. 14 256 Feb. 17 1856 Dec. 9 18 25c 26 Jan. 20 356 Jan. 10 256 Nov. 6 256 Feb. 2 8c Oct. 5 8 6 3 100 June 29 19 Mar. Apr. Apr. 80 12 17 11 23 26 26 25 7 10 2 8 Sept. July 27 Jan. 12 UNLISTED DEPT.— 1,361 23,466 3,076 3,471 7,874 17,468 10,883 326 117 118 1.418 1,035 101 466 540 300 511 100 1,802 857 5,415 103,404 9,168 9,571 18,742 210 1,000 1,467 1856 Sale 14956 Sale 25 Borg Warner Corp common..5 Commonw & Southern Corp—* __ _ 7 10 Sale 171 Sale ""156 Sale" Sale 4656 Sale % 156 1 100 * 25 * Standard Brands Inc Deferred delivery sales, r 956 16756 2056 2356 156 656 13756 -* * - Purity Bakeries Corp Socony-Vacuum Corp.- a "156 Sale 2 New York Central RR No par value, 956 Sale 16856 Sale Sale" * 1 * 16.491 Kroger Grocery & Baking Co.* 36.492 Nash-Kelvinator Corp 5 13,990 National Dairy Products * 1,016 * * Amer Tel & Tel CO. Borden Company Consolidated Oil Co 750 Dow Chemical Co com 8,742 General Foods Corp 16,050 Hupp Motor Car Corp 4,976 Tnternat Industries com 1,020 Jacobs (F L) Co com.. 14,839 Kennecott Copper Corp 1,552 * American Radiator 2 56 37 % 4356 Sale '2756 Sale" "2856 Sale" "~856 Sale "22"" Sale" 656 656 Sale Sale "1856 Sale" 17% Sale" 1456 Sale 1256 Sale ""756 Sale" Sold for cash. # 2756 6 1556 1756 1456 1156 5% Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. . 21 6 6 19 7 20 22 12 20 13 6 30 6 29 14 20 1 7 856 14856 1656 1956 156 654 11856 3656 1856 Jan. 4 1756 Dec. 21 Sept.30 32 Jan. 5 Sept. 2 Apr. 10 Jan. Apr. 25 4 8 2 Feb. 6 20 24 956 Sept. 12 2? 14156 Oct. 4 27 4756 Dec. 22 75c 2 Jan. 3 17 3 56 June 21 154 27 3l4 Sept. 15 256 13 2856 8 4654 Sept. 11 20% 10 2956 Oct. 28 956 Jan. 20 554 10 1254 11 185s Aug. 4 1154 1 23 Sept. 27 11 Jan. 26 1856 Aug. 2 1056 Aug. 24 15 Sept. 5 556 Dec. 26 756 Jan. May Aug. June Jan. Aug. Dec. Dec. Apr. Apr. Apr. Jan. Sept. Ex-dividend. RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE * Stock Sales December. 1939 -.Shares. Jan. 1 to Dec. 31 AGGREGATE SALES 338,301 3,738,435 12 December $ 204~,666 3,000 13,000 RANGE FOR f PRICES IN DECEMBER BONDS 1939 STOCKS Shares 1939 Dec. 1 Ask Bid 1056 6754 — 15 * 100 pref 9 % Sale 150 56 50 .—10 100 -...-♦ Preferred.Budd Wheel Co ....5 Chrysler Corp Sale 18 2056 120% Bell Tel Co of Pa pref-.-.--100 Budd (E G) Mfg Co ♦ Electric Storage Battery * General Motors-.—.10 953 Horn & Hardart (Phila) com—* 1,142 Horn & Hardart (N Y) com--* 29,835 Lehigh Coal & Navigation..-* 13,183 Lehigh Valley ;—50 23,648 National Power & Light .* 293,733 Pennroad Corp v t c153,600 Pennsylvania RR 1,371 Pennsylvania Salt Mfg-. —-* -50 50 680 Penn Traffic common 254 Phila Elec of Pa $5 pref-...--* Phila Insulated pref-.——.25 Wire 11 Ask Sale Sale 17 Highest Lowest Highest Sale Prices Sale Prices Sale Prices "l5~~ "I" 1056 Dec. 6 6754 Dec. 1 1554 Dec. 11 11% Dec. 26 6754 Dec. 1 1554 Dec. 11 Sale — * Phila Rapid Transit 50 7% preferred... —---50 Philadelphia Traction .50 7 1256 11% Dec. 16856 Dec. 18 171 13 Dec. 18 1456 14% 14 Dec. 27 1556 Sale" 12256 Sale" 12156 Dec. 19 124 5 Sale 556 556 Dec. 5% Sale 11% Sale 169 14 123X 556 Sale 12% Sale 170% Sale 14 17 55 Sale 5% Sale 82 56 Sale "2956 Sale" 50% 118 Sale 124 37 % 3% 5% 85* Sale 3% Sale Sale 156 Sale 24% Sale 160 172 2 56 119 Sale 30 54 17 156 354 7H 2% Sale 18 2 Sale 856 Dec. 26 41 4% 84 Curtis Pub Co common-...--* Fhila Elec Power i056 Lowest Sale Prices Dec. 30 Ask Bid 30 % 53 116 5% 5% 88% Sale 3% Sale Sale 28 Sale 54% Sale 5 56 84% 120 3356 Sale 256 Sale 356 3% 756 8% Sale 2% 119% 30% Sale 16 Sal§ 16 Sale 2% 4% 11% 10% 11 168 Salt Dome Oil Corp...—....1 Paper * Tacony-Palmyra Bridge. .... * Tonopah Mining 1 — Transit Invest 1 Corp 7 11956 Dec. 30 11756 Dec. 5 3056 Dec. 3056 Dec. 11 16 Dec. 26 16 Dec. 26 19 4 Sale 256 Dec. 12 256 Dec. 2 Sale 5 Dec. 6 456 Dec. 5 1156 Dec. 18 1156 1056 Dec. 305-6 Union Traction —..—.50 United Corp common * Preferred * Uniteo Gas Impt common—* Preferred ......._* -— - x Ex-dividend. __-...* * ... 656 Dec. 12 2 4556 Dec. 40 Dec. 11 7 56 Dec. 17 39 M 3 Sale 3 256 3 3% Sale 3456 Sale 11% Sale 112 . 7H 9 Dec. 6 11 256 Dec. 3756 Dec. 20 14 Sale 8 10 Dec. 18 Dec. 27 10% Dec. 4 11556 Dec. 28 956 Dec. 12 956 Dec. 18 756 4856 4056 56 1 156 356 256 3956 1456 11756 Dec. Dec. Dec. Dec. Dec. 21 13 18 4 Dec. Dec. 16 4 Dec. Dec. 14 6 Dec. Dec. 11 Dec. 1056 Dec. 10 14 28 31 Dec. 28 1556 2056 12456 856 5256 656 9256 Mar. 21 Jan. 10 Aug. 17 Jan, 4 Oct. Nov. 10 6 Sept. 30 Sept. 27 3456 Sept. 13 5656 Nov. 14 110 Sept.13 12556 Mar. Jan. Sept. 14 38 156 June 30 456 Sept. 11 3 Dec. 26 656 Sept. 27 656 Apr 8 10 Aug. 15 32 1 FeD. 1456 Sept. Apr. 136 2 2% Sale 156 I lb* eferred.' Westmoreland, Inc.. Westmoreland Coal 1654 475a 3456 M 1456 July 171 2 3056 Dec. 5456 Dec. 28 2 256 Dec. 156 Dec. 11 4 21% Dec. 2356 Dec. 14 5 Dec. 16256 Dec. 27 169 23% Sale 3056 ""456 13 5 Sale 2 164 2% 5256 Dec. 16 7 Dec. 26 556 Dec. 16 9056 Dec. 16 456 Dec. 30 Dpc. 11656 Dec. 14 11756 Dec. 20 1 33 Dec. 3356 Dec. 1 256 Dec. 7 156 Dec. 21 3 Dec. 26 356 Dec. 7 9 8 Dec. 856 Dec. 18 Sale 119 Dec. 27 Dec. 856 Apr. 14856 Apr. 11 Aug. 1056 Sept. 11756 Apr. 41 116% 119 33 34 2% Sale 3 ys Sale 8% Sale 2256 Sale 169 173 256 Sale 5% Dec. 13 8856 Dec. 28 3% Dec. 23 4 Dec. Dec, 28 13 Dec. 6 Dec. 150 rteo Motor Car Scott 117 June 1 117 June 1 (\% Jan 28 1154 Dec. 26 6754 Dec. 1 8054 Sept. 28 1154 July 28 1554 Nov. 8 par American Stores American Tel & Tel Bankers Sec Corp Barber Co Bid - - No par value. YEAR Price $ 1948 1,000 Bell Tel 5s.—1,271,000 Elec & Peoples tr ctfs 4s..1945 61.000 Leh Val ann 6s 30,000 Peoples Pass Ry 4s 5,699 11,281 1,141 15,368 3,725 21,873 35,952 81,402 9,457 443,811 8,739 3,840 2,193 $883,700 Jan. 3 1939 3,799 15,300 3,940 20,095 11,391 20,490 1938 $220,000 1,628,525 Jan. 1 to Dec. 31 \ PHILADELPHIA Months 37,211 40,026 1,650 8,763 6,732 29,354 1,071 10,621 15,192 6,496 27,287 48,928 December 109,161 3,564,395 STOCK EXCHANGE In 1939 Bond Sales 1938 113 2856 1556 156 256 656 56 656 4356 3356 56 56 56 2H 2 4 3156 1056 10756 756 5 8 Sept. Sept. Sept. Oct. Mar. June Feb Aug. Dec. Apr. Apr. Dec. Aug. Aug Jan. Apr. Jan. Apr. Sept. Apr. Apr. i 356 Sept. 27 Sept. 27 Sept. 28 !,§« Jan. 30 Aut. 23 3256 Nov. 16 19 Sept. 13 356 Aug. 21 6 Nov. 16 1156 Dec. 18 1H Jan. 14 5 1656 Jan. 5256 July 31 Aug. 15 4 Apr. 10 42 1 10 31 1 Jan. Oct. 3l 3 Nov. 16 Feb. 6 40 1556 11856 1256 12 Aug. 3 Nov. 25 Nov. 27 Sept: 13 Nov. 21 San Francisco Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE 1939 Stock Sales December 487,898 Jan. 1 to Dec. 31_^-______-__.-- 6,316,006 AGGREGATE SALES SAN FRANCISCO STOCK EXCHANGE In 12 Mpnths December 1939 1939 December 820,857 6,529,965 BONDS Bid Jan. 1 to Dec. 31. Dec. 1 Ask 56,000 Atlas Diesel Eng Co 6%—1945 5,000 Coast Co G & E Co 4%---1965 2,000 Pac Tel & Tel mtge B 354s 1966 3,000 S J Lt & Pow Corp 6%_...1952 Bid 97 Dec.-- 30 $85,500 - $46,500 RANGE FOR YEAR 1939 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Lowest Ask Ask Bid 102 1938 .. PRICES IN DECEMBER Price Jan. 3 1939 $ $ Bond, Sales 1938 Shares. .. Sale Prices 87 11054 10854 13154 5 98 July Feb. 14 11054 Feb. Feb. 28 10854 Feb. Nov. 24 13554 May June 27 14 28 24 UNLISTED BONDS 5,000 Miller & Lux ctf of dep 6% 1945 7,000 Sou Calif Gas 454% 1961 S P Golden Gate Ferries— 5,000 554% 1949 Shares 755 1,865 9,939 1,497 2,043 ""245 727 -994 .60 345 450 STOCKS Shares _ 3,949 1,910 7,057 80,358 2,334 62,344 2,680 310 3,652 253 9,600 1,011 4,751 1,702 542 82 165 35 460 3.497 715 5 29,332 2,154 28,380 173,373 42,772 8,805 m * Bale 7 2,971 1,288 542 197 1.50 15 Sale 3454 3854 Sale 4854 50 96 99 31c 33c 45 54 354 4754 Sale Clorox Chemical A— 140 500 410 97,724 26,499 7,432 14,843 176,881 10,581 20 """838 10,064 4,337 26,469 73,215 323 1,949 3,300 654 454 2.00 Feb. 654 Dec. 23 Jan. 23 10 Jan. 6 75 Jan. 23 10c 30c Mar. 21 Jan. 9 Feb. 25 Sept. 26 July 11 85 55c 2.15 14 87* 1 16 75c 13 18c 38 2.25 Sale T6"54 44 36 10 Sale 22c 2154 2154 26 54 23 554 7 Dec. Nov. 27 270 l§x 88 50c 2.50 Sale 554 320 Sale Apr. Dec. 29 13 Dec. 1554 Dec. 14 18c 20c 41 Dec. 20c Dec. 22 80c 8 3.50 30 33 36 Dec. 51 Dec. Feb. 1354 Apr. 4854 Mar. Dec. 7 Dec. 18 33c Dec. 27 56 54 Dec. 18 Dec. Dec. Dec. 354 Dec. Dec. 90 Dec. 1 15 5054 Dec. 23 10754 Dec. 27 Dec. Dec. 2454 23 554 Dec. 1 554 Dec. 14 275 320 II? m 80c 854 2.25 Dec. 28 275 1554 Dec. 1 Dec. 1 Dec. 28 15 754 Dec. 20 20 3 Dec. 9 Dec. 13 11 Dec. 14 5 Dec. \v% 22^ 36 93 Sale Sale 1054 im ny° 1754 Dec. 27 4 3754 Dec. 1054 Dec. 27 19 Dec. Dec. 7 13 5 1154 Dec. 2 3154 Dec. 3654 Dec. 20 36 Dec. 14 29 91 Dec. 21 96 14 Dec. Dec. 1.55 14 2 Sale 16 20 Sale 1754 20 2154 24 2054 20 2254 20 7 5254 Dec. 654 Dec. 1 55 Dec. 5 6H 3054 554 9 54 1854 Dec. 15 Dec. 36 37 19 Dec. Dec. 75c Dec. 32 5 6 18 11 Greyhound Corp 1254 3854 19 92 1454 41 Sale 1.00 854 1854 12 8! 1354 3754 18 72c BIU slH 3§8 1454 39 54 1954 Sale 6 954 Sale 1654 1754 1154 1254 13 1454 3654 38 1854 1954 75c 85c Nov. 25 25 3 May 29 17 Mar. 20 10H Nov. 17 Jan. 42 96 38 2.25 Dec. 20 Nov. 22 Oct. June 6 Nov. 25 Sept. 12 6 20 Dec. 1 Dec. 5 2054 Dec. 5 Aug. 17 3054 Feb. 17 Dec. 15 754 Dec. 29 May 27 954 Jan. 4 5654 Oct. 26 85t Jan. 7 Dec. 15 5 Dec. 16 854 Dec. 18 Dec. Dec. 1854 Dec. 72c Feb. Feb. 1 30 17 114 17 7954 Apr. 2154 Apr. 1 July 14 Jan. 4 5 654 5 36 13 7 12 29 8 54 Sale 2i» May 5 1354 Dec. 29 ----- 5254 654 23 Sept. 15 554 July 25 68c June 22 2 Dec. Dec. 23 Dec. 29 Dec. 30 50 7 54 18 8 4354 July 27 1154 Nov. 8 41 Sept. 5 4 31 54 Dec 1.50 Dec. 0 20 Dec. Sale 9 Mar. 3454 Sept. 654 Apr. 2954 Nov. 3354 Dec. 26 6 2.25 Dec. 31 June 18 854 Nov. 13 854 Dec. 854 Sept. 14 Jan. 954 Dec. 26 41 20 Nov. 114 854 Dec. 19 5 30 17 754 Nov. 1.90 May 8 Apr. 354 Feb. 55c 14 142 4054 i0 54 Apr. 2 Dec. Oct. Oct. Feb. Mar. 14 300 1754 Dec. 20 9354 Dec. 13 Dec. 9 4 30 7654 July 2 5 7 Sept. 21 July 20 25 Jan. 275 754 Dec. 20 Dec. 1.90 Dec. 7 12 3054 Oct. 24 4 1754 Dec. 20 9354 Dec. 13 60c Dec. 13 88 58c 1 8 Mar. Mar. 1654 Apr. 2454 Dec. 14 554 Dec. 12 i054 14554 854 Sale 11 954 5354 July July 35c 1954 June 20 "2854 Dec. 21 5 7^ 954 Sept. 12 1 18 2854 Dec. 21 8954 Jan. 25 Nov. 16 30 1954 June 2554 2954 454 40 8 26c 40 2.90 Sept. 21 J* 93 5554 Apr. 11 35 Jan. 25 5454 1 108 10354 June 25 2854 3354 1.60 Sale 32 754 8 2654 954 Sale 654 Sale 18 Oct. 20 104 June 29 45c Sept. 1 62 96 102 23 54 554 3754 3654 9554 Sale 49 20 3 Dec. 11 18c 35 3954 Dec. 19 22J4 Dec. 29 3954 Dec. 2154 Dec. 5054 Dec. ' Ewa Plantation 954 Sept. 13 Jan. 1054 Oct. rm AprT 6 2554 Sept. 8 8 2 2154 Jan. 1954 Oct. Mar. 13 154 Dec. 29 ~~4 46 Oct. 2 33 Apr. 18 8 Nov. 4 1254 Jan. 14 5 1.50 Jan. 1 Oct. 25 7 Apr. 11 if* Oct. 26 2.00 Dec. 35 1654 Sale 954 9 11 Nov, 2054 Dec. 23 280 Sale 18 1.75 1054 554 854 554 Dec. 26 190 Dec. 26 12554 Dec. 24 2354 2354 27 54 3954 common... 1 July 7 6 554 Oct. 354 Nov. 30 454 Apr. 8 Dec. 10 1 18c 38 11 common * -^referred .10 Hale Bros Stores Inc capital..* Hancock Oil.... .—....* Hawaiian Pineapple Co (new).. v 39 Electrical Products Corp 4 Emporium Capwell capital...* Preferred .....50 Emsco Derrick & Eq Co cap..5 Gladding McBean Co com...* 2,00 50 1354 Sale 40 138 11 ..20 4 1.50 Dec. 29 -20 54 1.55 80c 9 454 Dec. 654 Dec. TBMDec Til 20 Dec. 18 1754 20 8 1 128 354 10c 4.50 Dec. 28 2.00 1.50 Dec. 23 554 Dec. 14 354 Dec. 1 554 Dec. 28 654 654 354 454 120 12154 Sale 754 654 1714 2054 2.90 * Golden State Ltd capital.....* 10c 2154 2254 Sale 2054 5054 5154 5054 Sale 102 101 100 10154 103 27c Sale 27c Sale 28c 54 Sale 5254 5254 Sale 354 Sale 354 354 Sale 87 90 §354 8554 8854 50 50 54 50 4854 Sale 107 107 10654 754 " 654 Dec. 28 •5>fDec:-'2t * General Motors.... 1 General Paint Corp common.* Preferred * 16c Sale 4 9 1.30 654 Dec. 23 654 Sale 12 Holly Develop Co 54 75 654 110 10c 10 4 Fireman's Fund Indem cap..10 11,356 Fireman's Fund Insur cap..25 10 13,488 Food Machinery Corp com 12,479 Foster A Kleiser common..254 Class A preferred 25 1.554 Galland Mercantile Laundry common (capital).........* 2,265 General Metals Corp— Common capital........2 9,467 42 648 1.498 2,380 16c Sale 125 54 127 30 8 1.05 17 Caterpillar Tractor capital—* Central Eureka Mg Co com—1 Chrysler Corp common 5 Vi 6 50 654 •Saie 19 54 2.00 California Packing Preferred -.50 10c 754 110 17—17% 1154 100 Dow Chemical Co common El Dorado Oil Worksjcap 13,768 3,567 42,378 7,935 16,822 1,912 1,191 1,178 435 25c 190" 265" 35c capital—* 654 60 1054 454 Sale m 7 Calif-Engels Mining Co 1 California Ink Co Inc A—--* .... " 530 10 150 22c 10 Calif Cotton Mills capital—100 .'referred (new)........ 18,907 2 1,156 Cypress Abbey Co common 850 Consol Coppermines Corp cap 5 7,356 Di Giorgio Fruit Corp com. .10 Preferred.........100 5,060 ...» 6,247 Doernbecker Mfg Co 100 1,320 7,219 9H ... 725 300 22 38 35 37 108 970 Coast Cos G & E 6% 1st pf-100 106 Columbia Broadcasting Sys— Class A 25 I,160 Class B 2V 515 2354 2554 7,019 Consol Aircraft Corp com Consol Chemical Industries 21 Inc class A partic pref 18 * 24.953 4 454 20,037 Creameries of Amer (new)—1 Crocker First National Bank San Francisco cap 325 126 100 293 1354 1454 206,550 Crown Zellerb Corp com (new). 1,146 1,734 4,753 1,725 * Class B 998 California Water Serv pref-100 35,761 Carson Hill Gold Mg capital.-1 20 Mar. 23 11954 June 15 10754 Mar. 22 10754 Mar. 22 118 par 11,272 Alaska Juneau Gold M cap.-10 15 Alaska Packers Assn cap 100 Angio-Amer Mining Oorp Ltd— Common 1 23,900 27,040 Anglo-Calif Nat'l Bank20 34,468 Assoc Ins Fund Inc com cap 10 33,083 Atlas Imp Diesel Eng Co—.—5 410 Bandini Petroleum Co com—1 2,614 Bank of Calif Nat Assn cap 100 690 Beech Aircraft Corp com 1 ,~7.,995 BiSlmp^OiLCgLcap.— 2 18,247 Byron Jackson com cap-.— 25,591 Calamba Sugar Estatecom__20 Prsfesred^-r.-^ —20 -2.V27.0 2,380 Calaveras Cement Co com—* 600 7% preferred 100 625 Calif Art Tile Corp class A—* 490 116 Dec. 14 . 6 15 1 Apr. Apr. 8 8 Jan. 29 25 Sept. 28 Apr. 8 Aug. 25 Mar. 14 954 Jan. 3 954 Sept. 11 19M July 18 34 (<) %, « Dec. 6 Aug. 24 Nov. 30 1554 Mar. 15 4254 May 9 2454 Sept. 13 1.40 Jan . 20 Home Fire & Marine Insur 15 1,374 20.954 2,979 1,251 18,443 II,764 2.376 597 30 5 800 400 29 1,221 769 8,516 49,399 9,716 87,129 1,438 1,352 4^ 41 22 23 16 \lH 13 754 38c 854 554 90c 1.60 10 50c 2.10 210 " 1*683 7 44 404 3,598 400 48,813 13,901 140,947 76,861 43,751 3.555 1,450 126 736 1,815 23,042 2,012 26,294 101 7,925 100 No par 754 J* Leslie Salt Co capital.""Ill* LeTourneau Inc common... 10 40 X 32 * Preferred. Merchant Cal Mach Co .... 40K Sale 14 6 11 60c 75c 42 5 l Sa^ 2.25 854 454 2.50 Sale 1654 16 8 38 43 54 1 554 1 29 * * Sale 454 14c 50c 254 15,432 Magna vox Co Ltd capital 15,248 Magnin & Co (I) common...* 1,515 43 J* 1.40 ^referred Libby McNeill 8c Libby com.. Lockheed Aircr Oorp com.... Lyons-Magnus Inc A 316 Lyons-Magnus Inc B 498 7,249 • * 3554 16,977 Langendorf United Bak cl A..* Class B-. 24;188 1,043 5,583 7,240 3,600 1,549 Hudson Motor Car com Hunt Bros Packing common..* Preferred-10 962 Hutchinson Sug Plant cap.. 15 -2 pesos 3,040 1XL Mining Co 3.377 2,056 948 Do of Calif capital........ 10 Honolulu OilCorpLtd cap new * Honolulu Plantation capital..* 854 100 10 101 com. 1754 Meier A Frank O0..........IO Menasco Mfg Co common.... 1 Nat Auto Fibres Inc-comjJtk 1 VM 754 954 Natomas Co capital.........* North Am Inv Oorp com...100 6% preferred...........100 554% preferred.........100 North Amer Oil Consol cap..10 Occidental Insurance capital.10 Occidental Petrol Corp com 1 4 26 23 1054 2454 lie 7 3 8 4054 Dec. 1654 Dec. 27 1154 Dec. 7 Apr. 8 4054 Dec. 8 1754 Dec. 1254 Dec. 18 Dec. 27 Dec. 7 Dec. Dec. 28 2.50 Dec. 30 60c 1.50 Dec. 1 454 4 Dec. 454 Dec. 9 Dec. Dec, Aly* 46 40 Dec. 40 Dec. 8 5 42 Dec. 43 Dec. 18 3454 Sale 654 3154 32 454" 454 34 6 Dec. 35 Dec. 7 Dec. 29 19 29 Dec. 60c 20c 50c 65c Jan. 32% Dec. 13 454 Dec. 26 454 Dec. 9 1054 37c Dec. 22 60c 854 Dec. 27 954 10254 108 10154 Dec. 19 10254 18 16 Dec. 11 1654 1654 1754 12 1154 AV/s 1154 Dec. 28 1154 Sale 2.10 Sale 2.00 Dec. 26 2.40 1 Sale 854 854 754 Dec. 854 10 954 954 954 Dec. 11 1054 3 54 4 3 Dec. 20 454 28 23 Dec. 12 28 42^ 105 26 26 Sale 1054 30 11 26 Sale W* 13c 26 Sale 23 Dec. 5 954 Dec. 27 4 2454 Dec. Dec. June Nov. 1 554 Dec. 26 554 Dec. 26 8 11 Aug. 25 May 8 Sept. 15 Dec. 20 Dec. 12 7 Dec. 29 Dec. 29 1 1054 Dec. Sept. 24 26 2554 Dec. 29 13c Dec. 30 Dec. 9 Apr. 7 1 11c 5 1 7 Jan. Dec. 13 7 Dec. Dec. 1 Sept. Sept. Sept. 11 Dec. 14 8 Dec. 4 Dec. 4 Dec. Dec. 13 Apr. 11 Apr. 8 May 18 Aug. 24 60c Sale Dec. 26 Apr. 10 Sept. 5 8 17 9 65% Sept. 1.75 Sept. Oct. 11 1554 Dec. 854 Dec. July 21 2354 Feb. 10 1854 Sept. 5 5 Mar. 17 Sept. 18 854 17 43 Feb. 20 Apr. 45c 8 ( Feb. 3 Jan. 23 June 27 6 6 354 Sept. 5 954 Oct. 21 654 Mar. 6 20 ^ Mar. 14 1254 Mar. 17 June 9 4354 Sept. 12 3654 Oct. 24 45 10 Sept. 6 3654 Feb. 24 454 Dec. 26 25c Mar. 18 70c Sept. 13 1654 Mar. 4 L0854 Feb. 21 1854 Aug. 1 1154 Dec. 4 554 Jan. 4 954 Jan. 20 1154 Mar. 2 75< Sept. 11 3754 Sept. 11 31 Mar. 8 12 July 22 28 Mar. 28c Sept.11 7 O'Connor Moffatt A Co- 1,888 value. Class AA common........* 554 8 6 7 . 654 - 5 Aug. 30 854 Oct. 25 Jan., 1940] SAN FEANOISCO AQOREOA TE SALES SAN FRANCISCO 12 December Shares 198 1,216 """455 1,536 100 7,488 11,082 7,491 2,171 3,153 445 2,453 1,379 493 209 215 1,442 70 STOCKS 1939 43.876 56,597 4,393 38,066 35,014 4,776 1,955 1,405 12,744 Oliver United Filters Inc a Dec. 1 Bid Par b Ask Bid ♦ 20% '21A 21 * 5A 6% 5 5 5% 5% 5% * 9 _ Paauhau Sug Plant Co cap..15 Pacific-Amer Fisheries Inc Pacific Can Co Pacific Clay Prod capital ... 6 * Pac Coast Aggregates com. .10 Pacific Gas & Elec Co com..25 6% 1st preferred 5%% 1st preferred Lighting Corp com $5 dividend pref Pac Pub Serv com (new) First preferred 7 29 29% Sale 32 28 } * * * 107% 7 Sale 20% 21% 121% Sale 148 *150 11% 12% 59 60% * 100 Pac Tel & Tel Co common 29% 44% si e 43 % 6% preferred. 100 Pacific Western Oi" capital.. 10 ific Oil Paraffine Cos, Inc, com 315 4% cum conv pref. .100 30 62 932 1,360 1,288 702 7,751 3,149 1,560 501 5,081 4,050 10,700 8,807 3,219 55,944 30,192 18,713 Tei Co capital 21 5% 5% 13% 5 13 4% Sale Sale 128 Sale 129 Sale 149 Sale 149 150 Sale 48% 48 8% 7% 34 Sale 7% Sale 40 43 100 55 50 40% 40% 6% 4,329 > """329 10 4,924 707 926 655 » * 1,204 ' 565 -14,684 66 1,151 8,606 4,325 907 436 842 23,441 941 2001 890 2,512 20 30,605 2,605 9,995 2,294 1,735 2,296 2,929 875 784 25 60 (new). Preferred 50 38% 43 98% 102 47% 16% Sale 22%, 23% 3% Sale 37% 37% 13% 14 8% Sale 50 49,630 Rheems Mfg Co 109,415 Richfield ou Co common Com stock purch warrants 2.35 2.55 4,735 1 3,414 Roos Bros Inc common 13% 16 Series a preferred 296 105 100 100 7 Sale 177,718 Ryan Aeronaut Co com cap-.l * 14,690 Safeway Stores Inc common 28% 29% 1.75 2.00 4,630 Schlesinger (b f) com (new) Preferred (new)... 4 ...25 7,705 5% 10,514 Shell Union Oil Corp com * 14% 15% 2 f 5f% > dumcos vpr ef. . _ —tot 102 % Sale OjSherwd Swan co^ltdcla^-lq —5%—6% -2r040 * 8,853 Signal Oil & Gas Co class a 30% Sale 100,504 Soundview Pulp go^newirts .5 19% Sale Preferred 100 95 96 1,516 13,571 Sou Cal Gas Pfd 6% cum a..25 31% 32% 190,719 Sou Pacific Co com (cap'l).loo 20% 21 9c 35c 8.887 Sou Pac. Golden Gate cl a * 8,887 „ 1,718 14,424 5,496 147,516 23,582 16,253 4,110 23,895 Class b * Sperry Corp common v t c Spring Valley Co Ltd capital. Stand Oil Co of Calif capitalSuper Mold Corp of Cal cap 10 28% 21% Texas Consol Oil Co 36c com Thomas Allec Corp class a Tide Water Assoc Oil Co com .10 4%% preferred new 776 100 2 499,687 Transamerica Corp capital Treadwell Yukon .Corp Ltd— Common capital 1 59,935 84,718 Union Oil Co of Calif cap 25 25 17,600 Union Sugar Co common 21,964 United Air Lines Trans v t c—5 10 37,149 Universal Cons Oil 1% 2,929 Vega Airplane Co 1 16,083 Victor Equipment Co com Conv cum pref 15,300 5 20 5,125 Waialua Agricultural Co 100 90 Weil & Co com 940 Wells Fargo Bk & Un Tr caplOO Western Pipe & Steel of Calif 1,518 27,872 130 2,325 100 294 common ...10 45% 5% 46% 6% Sale 23% 60c 1.00 85c 13% 93% 6% 14 95 Sale 51c 18% 6% 13% 55c 9 27% 185 100 "l~,945 1,716 2,000 1,922 2,195 1,025 1,320 2,040 725 251 935 lb",817 100 950 16 67 2.90 40 18 18% 8% Sale 2.50 17% 1.50 15 5% Sale 48% 50 1.90 1.25 5% Sale [12%. 13% 105- 290 92 ""i87 6,830 1,205 2,977 * 1 1 2 3% 25% 29% 25% Sale 98 33 34 15% Sale lc 5c Dec. 5 149 7% Dec. 30 7% 41% Dec. 27 42% 100 Dec. 21 100% 52 Dec. 20 20c 35c 4 19 2.75 Dec. 3% 20% 18% 28% Dec. 23 18% 18% Sale 28% 28% 2.50 34 19 2.75 17 Dec. 16 Dec. 26% Dec. 2.50 Dec. 40 Sale 7% 2.40 17 108 5% Sale 46% 1.30 Sale i!h 3c 19% Dec. 23 Dec. 5 46 2c Dec. 47% Dec. 1.25 Dec. 1.30 Dec. 20 5% Dec. 5% Dec. 19 12% Dec. 2 12 Dec. 26 Dec. 6 25% Dec. 2 26% Dec .-14 29% Dec. 14 96 6 99 6 Sale Dec. 2 33% Dec. 14% Dec. 27 lc 5c Dec. Dec. 4 2 2 42% Dec. 5% Dec. 15 24% Dec. 21 33 32 14c 45c 20c Dec. 9 40c 80c 35c Dec. 6 10 Dec. 26 89 Dec. 10% 10% 93 89 6% Sale 6% 15c 16c 13c 16% 16% 16% q 8 13% 15% 3% Sale Sale 15% 15% 5% 3 10 28% 6 6 5% Dec: 1 47% Dec. 18 31% 10% Dec. 17% Dec. 9 15% Dec. 28 Sale 25 Dec. 27 Dec. 30 Dec. 13 107 2%~ ■5— 26% 27% 29% Sale 97 99% 33% 34% 14% Sale Sale 91% Sale 20c Sale 8% 16 Sale Sale Sale 10% 30 Dec. 23 15 5% Dec. 19 12c Dec. 21 15% Dec. 19 8 Dec. 28 4 13% Dec. 14% Dec. 11 6 4% Dec. 3 Dec. 30 10 Dec. 34% Dec. 15 15% Dec. 13 5c Dec. 5 5c Dec. 42% Dec. 5%- Dec. 25% Dec. 32% Dec. Dec. 12 5 16% Dec. 10 Dec. 12 16% Dec. 29 15% Dec. 18 5% Dec. 13 2 3H Dec. Dec. 28 27% Dec. 27 Dec. 275 Dec. 29 Dec. 1 4 275 Dec. 4 7 18 16% Dec. 19 17% Dec. 18 15 20 18 24 16% Dec. 22 17 3 2.95 % 1% 6% 2% 7% 435 Alleghany Corp common * 685 Amer & For Pow Co Inc com * 200 Am Com'l Alcohol Corp com.20 370 American Factors Ltd cap 20 . 900 Amer-Hawaiian ss Co com..10 500 Amer Pow & Light com * 11,631 25,234 108,824 30,803 10,488 11,077 Amer Rad & Stand San com—* Amer Tel & Tel Co com.. 100 Am Toll Bridge (Del) 1 com Anaconda Cop Mg Co com..50 Anglo Nat Corp cl a com * Argonaut_mg Co Ltd capital.. 5 8,247 1,782 47,179 4,014 4,411 22,698 Atch Top & s Fe rr 100 com Atlas Corp common ...» Aviation Corp (Del) com 3 Aviation & Trans Corp cap, 1 13 & o rr common 100 Bendix Aviation Corp com—t5 150 Berkey & Gay Furn com.. 73,273 t Blair & Co Inc capital 1 .1 100 Bolsa Chica Oil class a com. .10 Bunker Hilt & Sullivan mg & Con Co common 10,628 2% Calif-Oregon Power— 6% pref (non-callable) 100 6% pref (1927 series) 100 1,170 Calif Pac Trading Corp com.. * 182 519 Preferred 31% 13% 5-% 17% 18% 149% 150 46c 48c 33% 10% 7% Sale 3 2% 39% 41% 7% 8% 8% Sale 3% 3% 8% 28% ?!* 2I* & 2.50 * conv Service Co 31 Dec. 8 31 30 28 Dec. 26 28 4% 10 10% 9% Dec. Dec. 169% 171% 170 5 10 9% 168% 168% 48c 6h 7% 3% 6% 29% 1% Sale 80 14% - 13,492 Claude Neon Lts Inc com.. Solvents 38% 7% 7% 1 1 20c * Corp com..* 4 11 30% 8% 7% 37% Sale 7 Sale 3% 5% 30% % 1% 3% 6% 31% % 1% 2.00 13% Sale 7 15 23% Dec. 20 8% Dec. 14 7 Dec. 6 3% Dec. 28 29 Dec. 5 1% Dec. 26 1.75 Dec. 27 13% Dec. 8 53c Dec. Dec. Dec. Dec. 31 Dec. 29 "2 1 2 5 12 31% 9% Sale 8ale 50c 10% 11% 105 2,032 Hawaiian Sugar Co capital..20 479 Hobbs Battery cl a cap * b capital.. 1,150 * 199 Holland Land Co com.......* 22 1,386 Holly Oil Co capital. 1 306 Honokaa Sugar Co capital..20 Idaho Maryland Mines Corp— 57,748 Capital ...1 4,660jlnternat Nickel of Can Ltd..* 19,683IInternat Tel & Tel common.. * 42% 23% 1.00 20c "43% 24% Sale 2.50 35c 1.75 1.50 3 43 4% % 25c 7 54 8% t Formerly Bancamerica Blair Corp. 4 7 12 13 29% 30% ,7% 7% 0% Sale 37 36% 25c 7% 104% 37% 19% 40c Sale "38% 6% Sale 55 9% 40% 4% % 2c Aug. 21 June 21 10% lvn 6% 1% 13% 99% 4% mpr. Apr. 8 4 25c 7% 104% 39% 8 Apr. Sept. 1 Jan. 6 Nov. 15 108 Sept. 1 7% 30 Apr. 4 47% 1.25 Sept. 16 2.00 4% Mar. 13 6 9% Sept. 1 16% 103--"-^pr;-18 3 Sept. 8 7 26—May 9 3Z~ 11 Apr. 11 29% 79% May 99 28 Sept. 34% 10 Apr. 21% 5c 39 1.60Dec. 3c Dec. 18 % Dec. Dec. 3c 2 18 Dec. Dec. 12 7% Dec. 9% Dec. 31 Dec. 2 1 18 30% 7% 10% 37% Dec. Dec. Dec. Dec. 1 38% Dec. 5 40% Dec. 19 20 Dec. 6 20 Dec. 6 25 25c Dec. 27 25c Dec. 27 1.25 t Odd lots. 1 4 37% Sale 14 Dec. 8 Dec. 15 4 5 Jan. 10 18 Dec. 10c Jan. Jan. 50% Sept. 21 5% July 12 33% Sept. 12 36 July 24 45c Sept. 27 26 4 19% 13% 16% 17% 5% 4% 11% Jan. 19 Dec. 15% Aug. 4% July 8% Apr. 12 Apr. 4% Dec. 1.90 Aug. 6% May 24% Aug. Mar. 8 37 Sept. 13 Dec. 29 July 25 Dec. 13 Sept. 27 Oct. 24 Sept. 110 Jan. 300 Jan. 11% Apr. 11 27 18 36% Mar. 15 16% Dec. 22 2.90 Oct. 3 Aug. July 6% Dec. 30% Apr. June Sept. 15 9 33 Feb. 21 4 Jan. 10 28 Dec. 6% Jan. 17 171 67c 25 14 24 23 26 10 26 20 Mar. 10 Dec. 21 Mar. 13 38% Sept. 11% Mar. 7% Jan. Aug. 3% May Aug. Dec. Aug. Jan. Apr. Apr. Feb. Aug. 6 28 14 5 1% Oct. 2% July 20 6% Dec. 21 34 Sept. 25 Apr. 9% Dec. 148% Apr. 43c Sept. Apr. 8% 3% 3% 4% 18 % 1% 18 Sept. 13 Oct. Dec. 6 5 14% Jan. 95% Jan. 266% Oct. Apr. 17 7c Mar. 14 2.30 Nov. 6 8 7 3 36% Jan. 30 8% Dec. 14 9% Nov. 4 4% Nov. 8% 33% % 3% 4 Sept. 27 Oct. 20 Feb. 17 12 Jan. 1.75 Dec. 7c Mar 27 5 20 14 3 Mar. 13 90c Oct. 2 2 Nov. 8 Aug. 5 4 Aug. 5 28 4% Nov. 25 % Dec. 14 3c 6% 104% 31% 16% 20% Dec. 5% Dec. 35% Dec. 3% Dec. 4 13 19 6% Dec. 30 36% Dec.|22 4% Dec. 7 18 Sept. 22 42% Oct. 21 Feb. 2 1% Jan. 5 19 9 25c Jan. .s3 3$Z Aug. Sept. 3 7 25 13% Nov. 4 10 38 Nov. 15 30c Feb. Jan. 10 May Sept. Aug. Aug. Apr. Aug. 26 1 24 3 Oct. 6 Feb. 24 1 June 30 12% Jan. 20 Oct. 31 107% June 27 5 Apr. 11 42% Jan. Aug. 24 20% Nov. 29 28 Aug. 4 Sept. 9 2.50 Mar. 6 Dec. 27 25c 6 Sale 2. Jan. Dec. Jan. 1.76 Mar. 2.60 Jan. 5% 6% 36% Mar. Jan. 26c 20 5% Sale 37% 38% 4% 4% 4 28 Sept.11 Febr7 55c 31 40% 7 Jan. Feb. 12c 2 6 19 ""2% 3 90c 2 3 4% 9 18 Sept. 7 9% Aug. 18 87 Aug. 28 5 Sept. 1 11% 28% 6% 4% 20 35c 26 Jan. Dec. 35c 4 Apr. 24% Aug. 23 4 30 24% 25c Jan. June Sept. 22 34% Mar. 18 7 40c Jan. 4 11 7% Dec. 30c Ocf. June 20 1 1 7 10 28 19 18 Jam il* July ... lc Jan. 78 7% Dec. 3 3% 37% 20% 10% 65 7% 1 1 20 83 40c 7% 10% 1 Mar. Dec. 7 34 10% Mar. 83 14% 32% 2.80 Feb. 9 Dec. 26 13 69% Sept. 29 % Dec. 14 31% 45% Sept.26 20 Dec. Dec. 4% 13% 30% 8 30 19% Sept. 42 10c Oct. 55 11% Apr. 11 20 22 1.25 "240 2 28 4% % 12 Mar. 14% Dec. 22 5 41 Jar 4 17 28 1.75 Dec. 27 Dec. 11 Mar. 1 83 1.60Dec. 31 27 3 2 7 July 1% Dec. Dec. 20 4 12 June 1.75 Dec. 25c 3 July 18% Dec. 30 28% Dec. 13 23 24% 8% 7% 3% 81 82 29 31% Dec. 7 8% Dec. 29 3% Dec. 18 83 82 25c 50c 25c 57 Fibreboard Prod Inc prior pflOO * 23,238 General Electric Co com.. 2,009 Goodrich (b f) Co common. _* 2 23% Sale 8% 8m 6% 37% * 6,486 Consol Ed son Co n y com 11,370 Consol Oil Corp common... * 75,760 Curtiss-w right Corp com 1 12,242 Dominguez Oil Fileds cap.. * 2,936 Dumbarton Bridge Co com.. 10 5 9,901 Elec Bond & Share Co com No par value. Dec. 29 29 1,050 Coen Cos Inc class a conv...* 4ssn Inc common.... Dec. 1% 10 Dec. 47c 30 2 (new) $10 par 7 55c 30% 8% 4% 2% 6% Dec. 3% Dec. 10% Dec. 29 Dec. 21 29% 8% 3% 1.50 3% 5% 28% 7c 15 Dec. 8 Dec. 26 9 171 53c 52c 30% 31% 7% Sale 3%. 4% 2% 2% 25% 26% 8% 7% 80 25 com 34 21 4 80 5% 6% Dec. 17 Jan. 60 2 6% Dec. 21 29 80 1.15 Dec. 4 Dec. 26 Dec. 6 1% 28 3% 6 3 26% 65 65 6 35 * c Sale Dec. 25 13% —10 cum 7% 3 Dec. 31 14% 1.55 Class a 6% 13% .* 1,542 Calwa Co common.... 100 Canadian Pac Ry com 7,306 1% 3% 11% 35% 14% 6% 3 10% 1 July 25 July 24 Aug. 3 Sept. 24 7 June 29 12% June 29 Jan. 16c Mar. 17 4 Mar. 11 Jan. 18 1 Sept. 1 3% Aug. 15 2.75 Dec. 12 Dec. 12 17 June 27 21% 21% 3% 2.90 4 15c 16% Sale Feb. 50 21 19% 17% 3% 4 35c Dec. Dec. 29 6 10% Dec. 89 Dec. 15 6 6% Dec. ilH 34% 35% 31% 41% Jan. 30 50% 100 Sept. 5 109% 4% Sept. 5 7% 5 18% Oct. 22% 114 Apr. 11 133 130 Sept. 12 157 7% Dec. 30 10% 36% Sept. 12 59% 90 Sept. 15 101% 85 300 Oct. 25% Sept. 22 Sept. 23 Sept. 5 7% Sept. 5 14% Oct. 21 Sept. 11 Apr. 8 29 Sept. 5 26% Sept.13 20c 21% STOCKS i% 26 36c 94 276 290 8 Jan. 30 Sale 13 24 4* May 2.60 Dec. 29 Dec. 8% 1.50 15% 91 29 52% Dec. Feb. 36% July 60c 3% Dec. 1 Dec. 30 Dec. 11 Dec. 23 1.35 Dec. 1.15 Dec. Dec. 39c 11 8 3.75 Sale 5% 25% 32% X Dec. Dec. 26 6 25% 30% 273 14 129 13 10c 44 5 Dec. 10 "44% 15c 42 1.75 25OH \llH 7 Dec. 29 Dec. 21 Dec. 6 Dec. 23 17% Sale 515 Com in *1 l",717 29% Dec. 1.55 Dec. 33% Dec. 30 33% Dec. 15 30% Dec. 30 20 3,490 ""565 5 Sale 104 108 95 1.25 101 108 100 Columbia River Packers 1,190 1.35 Dec. 20 32% Dec. 33% Dec. 4% Dec. 29 6 13% Dec. 4% Dec. 29 30 Cities 1,469 1,201 6,183 4% Dec. 27 9 12% Dec. 4% Dec. 29 25 675 Ches & Ohio rr 350 2.50 54% 42% 18% Jan. 24 3% Sept. 5 50 5,263 Yosemite Port! Cem Co pf—10 30 2,809 2 19% 25 Chanslor & Lyon Stores Inc— 658 4 Dec. 31 40 151 Dec. 5 18% 402 Ark Nat Gas class a common.* "2,331 21 9 29 . " 26 34 92 286 4 50 Checker Cab co— (Consolidated) cl a ser i Class a series 2 com cap UNLISTED 200 16 26% 15 Yellow 341 24 15% 13 50 280 Dec. 4% Dec. 2.75 19 16 4 9% Sale 21 12% 4 Sale Sale Sale 15 3% Sale 3 9c 2c 1.40 1.05 10 8 41 100 1 25 1 common.. Cumulative preferred Republic Petroleum Corp 140 ~4~, 087 preferred 54 5% Highest Sale Prices 48% 42 44% 2.00 6% 7 Lowest Sale Prices 47% Dec. 12 Sale 1 109% 107% 109% 108% Dec. 5% Dec. 5% Sale 5 5% 21 Dec. 19% 20% 8 21% cPW 50 1.15 Highest Sale Prices o 1.40 33% 33% 30% Sale Sale Lowest 5 6% 5% ifm 1.50 1.40 23 4% 5% 6 32% 33% 29% 47% 108% 5% 42% 100 Phillips Petroleum Co cap * Pig'n Whistle Corp partic pf.* Puget Sound Pulp & Tim com. By Eq & Realty Co Ltd com..* Rayonfer Inc 1939 Sale Prices Ask 96 99 — 22 5% 4% 12% 4% Sale 2.30 25 25 Pacific 6% Sale Dec. Ask Bid Philippine Long Distance 218 YEAR January 3 Shares 5,858 24,221 3,035 8,522 21,553 1,810 84,725 149,170 135,853 RANGE FOR Prices Months 1939 63 PRICES IN DECEMBER STOCK EXCHANGE In STOCK EXCHANGE Oct. 2 7 31 5% Sept. 7 35% Dec. 13 3% Dec. 19 2.50 Mar. 35c 3 6 Mar. 23 1.75 Mar Jan 2 20 6% Sept. 7 Jan. 3 54% Sept. 6 9% Feb. 27 SAN FKANCISCO STOCK EXCHANGE 64 AGGREGATE In 12 Months 1939 STOCKS 3,133 5,303 1,374 1,500 Par Ask Bid 2.25 Sale —1 Corp com-* 10,088 Kennecott Copper 3,685 JKleiber Motor Co capital—10 42H Bancorporation cap..* Matson Nav Co capital * McBryde Sugar Co Ltd cap-_5 MJ&M&M Consol capital-1 Monolith Portl Cement com--* Preferred -—-10 Montgomery Ward & Co, 2054 Inc, common----* Mountain City Cop Co cap--5c 4954 6 14 854 2714 1,170 2,790 "7",400 179,280 ""2l5 1,228 381 21,739 91,796 6,159 1,846 36,113 3,565 3,822 4,329 1,021 521 3,245 1,150 317 1,889 414 cap—5 Nat Distillers Prod com * Nor Amer Aviation Inc cap—1 North Amer Co common -* Oahu Sugar Co Ltd capital—20 Olaa Sugar Co Ltd capital.-20 Nash-Kelvinator Corp Onomea Sugar 43 H 22 334 354 7H 12c cap—10 com—100 1,850 Pacific Portl Cement 1.057 614 % preferred 100 11,594 Packard Motor Car Co com..* 6,367 Park Utah Cons Mines com__l 7,431 Pennsylvania RR capital—50 1,002 Pioneer Mill Co Ltd capital-20 * 17,912 Radio Corp of Amer com 350 Radio-Keith-Orpheum com—* * 7,010 Riverside Cement (Del) A 394 Santa Cruz Portl Cem com. _50 14,198 Schumacher Wall Board com_* 885 152 375 2~674 '"584 200 675 l"045 * Preferred 4,000 483 160 5,148 Shasta Water Co common—* 50,414 Sou Calif Edison common—25 C 514 % preferred 25 24,181 B 6% preferred 13,279 --25 951 Sou Calif Gas 6% pref25 Sou Pacific Golden Gate Co— 3 340 764 850 1.65 45 4 9 8 5454 454 4 654 Sale" . 17175 2,279 50 P 25 54 iM 5 460 Class A 10 300 Class B 12 Milling Corp com * 25 2,888 Texas Corp common 100 Texas Gulf Sulphur common.-* 535 Title Guaranty Co cum pref. * 250 Union Carbide & Carbon cap.* "177 _ 250 793 100 5,452 2,481 1,760 323 Dec. 7 Dec. 14 Oct. 17 19 Dec. 27 Dec. 27 Apr. Dec. 20 17 10 17 30 25 28 3 154 Aug. 2354 Dec. 28 13 Dec. 254 754 14 Dec. 654 554 28 15 554 Dec. 6 154 Dec. 28 454 Dec. 9 "454" 454 2454 1054 27 54 2954 2854 29 54 2754 2854 2854 29^4 2854 Dec. 19 15 20 Dec. 25 Dec. 12 Dec. 5 2 Dec. 13 Dec. 29 Dec. 2 Dec. 12 2854 Dec. 29 30 Dec. 29 Dec. -6 29 Dec. 16 1.90 Dec. 12 7 32 75 1 K _ 654 - 6 554 4554 43 54 554 44 100 854 854 Dec. 26 95c 1 0 )Q9, j6 5c , D "554 Dec. 19 Dec. 4454 ----- 954 954 >1854 27 654 24 39 43 40 54 1254 1554 1054 43 1554 Dec.*21 8 "954 854 Dec. Dec. 1554 91 8554 43 54 254 88 43 54 86 46 54 88 47 54 20 6 Dec. 15 2354 2754 2554 3054 Sept. Sept. Sept. Sept. Jan. Sept. Sept. Oct. 28 11 15 30 28 22 26 95c Dec. 26 4 4054 354 2554 85c Sale 154 2.00 654 90c 254 2254 Sale 254 24 1.20 1.10 66 54 66 54 154 1.00 50c 50c 4 354 5 354 4 5 Express Corp com__l 2 23 154 6554 4 454 100 100 54 154 54 54 25 200 Western Union Teleg corn.. 100 26 14 354 1954 10 10c Sale 1.54 1.00 354 454 554 8754 Dec. 18 4554 Dec. 20 2?-4 Dec. 13 22 Dec. 21 1.15 Dec. 16 Dec. 154 Dec. 7 7 69 54 354 Dec. 20 18 3 54 Dec. 4 Dec. 23 Dec. 54 Dec. 5 Dec. 18 154 26 54 29 25 h Aug. 32 11 Sept. Sept. Sept. 20 1054 Oct. 11 3354 Mar. 3 30 2.45 Feb. 17 Feb. 11 454 Jan. 4 354 Sept. 5 26 Sept. 29 1254 Oct. 4 854 Jan. 5 154 Apr. 1 48 Feb. 6 2854 754 2554 2654 2954 2 20 28 3 13 14 30 Dec. 29 2954 June 16 3354 Aug. 3 Mar. Feb. Mar. Jan. Aug. 6 Jan. 4 754 Mar. 10 47 54 Mar, 21. W) 23 Dec. 6 May 26 8 7 11 45 954 Dec. 26 44 Vi Jan. 12 3654 Oct. 18 1454 Dec. 22 16 87 Dec. 33 Aug. 21 May 18 2 Dec. 22 21 54c Apr. 10 4354 Aug. 23 54 Feb. 28 40c Apr. 18 3 54 Dec. 20 4 May 18 54 May 13 54 Dec. 5 50c 54 25 54 5 Mar. Nov. Oct. 22 4 28 20 Apr. 6 23 6 June Dec. Oct. 754 Sept. 854 Mar. Dec. 20 10 16 57 10 40 1454 Dec. 22 87 Dec. 16 43 54 Dec. 4 2% Dec. 13 22 Dec. 21 90c Dec. 1 6654 Dec. 30 154 Dec. 6 2 854 Sept. 5 Sept. 11 454 July 28 854 Apr. 21 11 13 Dec. 43 7 25 5 8 1 (0 554 Apr. 1254 Dec. 5 954 Dec. 26 Dec. 13 1254 Dec. 5 954 Dec. 26 43 19 "554 Dec. 19 4354 Apr. ,10 8 33 20 6 Dec. 20 45 32 654 954 Aug. 554 Sept. 154 Dec. — 1754 654 44 6854 54 Mar. 20 20 20 89 5 11 20 45 80c Los 26 54 22 54 Dec. 3454 25 5 6% preferred 4 2154 Dec. 28 16 15 70c 400 23 54 Dec. 4054 Dec. 44, 1 * 5 400 13 654 Dec. 30 454 Dec. 754 Sept. 22 4454 Apr. 6 354 Aug. 24 554 Sept. 1 25 Aug. 3 13 54 Apr. 26 2154 June 23 1854 Aug. 30 354 Apr. 10 19 3254 23 50 West Air 4 13 Sept. July 2254 Sept. 35 Nov. 21 Dec. 35 * 500 Western Pacific RR com. Dec. 2 2.75 Aug. 11 June 12 10c 4 Feb. 23 1.90 4354 33 3954 254 1,615 Vica Co common 14,734 Warner Bros Pictures com 3,178 West Coast Life Ins Co cap "l'025 Dec""27 "754Dec."8 4 2 June Dec. 25 5 * 73.126 U S Steel Corp common 24,652 Utah-Idaho Sugar Co com "Dec." 7 23 Feb. 3154 100 U S Indus Alcohol com 34,787 U S Petroleum Co capital 388 13c Dec. 8 54 4554 1454 13,823 United Aircraft Corp cap 6,459 United Corp of Del common 13 44 6<? 20 100 Taylor 4254 Jan. 5c 37c Jan. 2.80 July 1.25 Dec. 24 5* 35 4 19 1254 28 * Dec. Dec. 27 Jan. 23 .__* preferred-.common 11 20 11 482 30 12 25 Superior Portland Cement— 100 509 19 5c 4 Dec. 28 Apr. 29 Dec. 1.15 13 2754 2854 3154 Dec. Dec. 1.40 Dec. 12c 4054 Sale 354 354 154' 254 2154 2254 2.50 50 24 7 17c 7 20 554 22 2354 7 6 54 Dec. 654 Sale 2354 6% preferred „——.—100i. —3-54—-—8—654 754 ,8,596 Standard Brands Inc com---.*: 400 Standard Gil N J capital----25 5154 5254 Stecher-Traung Litho Corp— Cum preferred 40 100 103 54 110 754 Sale 1 31,625 Studebaker Corp common Sunset-McKee Salesbook Co— 14 54 Class A common * 50 Class B common * 20 754 211 854 5554 454 5454 §?M ilH I?* 22 1 1.55 Dec. 3854 Dec. 24 454 Sale 2 254 24 54 754 254 554 2454 354 Dec. 12 15 'Hc"D"ec.~n Sale 4 2354 10 1.40 Dec. 3754 Dec. 27 1054 Co capital—20 Sale Prices 5 654 23 1854 Highest Sale Prices 4 54 4 54 5354 5054 654 854 2754 Lowest Sale Prices 1954 Sept. Jy* Sale 100 Pacific Finance of Calif com. 10 700 Pacific Indemnity Co 1939 Highest Sale Prices 12c Dec. 28 5c 10c 35 20 454 754 23 20 4 IXA 5 12c 6 9 3754 5c 4 414 1854 Sale 22 Sale 30 17c 15c Sale 1.50 IV* 30 20 14c 36 54 5c 10c 5c 420 Marine ""loo Sale 17c 1.50 Sale 3754 35c 30 c com-1 Ask Ask Bid Bid Lowest Dec. 30 Dec. 1 1939 Shares 75,754 Italo Petrol Corp of Ado 7 % cum preferred 65,797 Shares YEAR Price Jan. 3 STOCK EXCHANGE December RANGE FOR PRICES IN DECEMBER SAN FRANCISCO SALES • 28 Aug. 2 May 26 July 19 1454 Mar. 5 954 Dec. 26 4754 Oct. 6 3654 Oct. 18 1854 July 17 8754 Dec. 18 50 Nov. 4 3 54 Fob. 24 Dec. 21 22 1.40 Sept. 8 Sept 12 Sept. 5 82 3 Jan. I 38 654 Mar. 11 5 54 June 9 54 Oct. 17 Dec. 22 1 2854 Aug. 2 Angeles Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE LOS ANGELES STOCK December Shares. Jan. 1 to Dec. 31 4,686,086 Jan. 1 to Dec. 31 aggregate 12 In December Months 1939 ' 5 ,660 150 253 STOCKS ""500 865 Barker Bros 1,000 1,485 1,000 "500 1,000 385 285 352 350 757 1,205 675 1,316 200 272 175 1,217 1,070 3,800 10 1,940 "2", 23 8 200 " l",613 1,100 99L 1 25c 1 4)4 814 24 54 * common 5 V4 % preferred 3,350 Barnhart-Morrow 0;>ns ...... 50 Dec. Dec. 1 Bid Par Ask Bid 6214c 1214c 4 Sale 914 29 1 13c 25c 5,525 Berkey & Gay Furniture Oo.-l 35c 50c 480 ~i",04d For 1939 2,249 Assoc Gas & Electric A 165,501 Bandini Petroleum Co 451 12c Wan-ants "iVs 34,330 Bolsa Chlca Oil Corp A__--_10 B common 2,300 _-_-10 10,967 Broadway Dept Store com 6,500 Buckeye Union Oil com 50c Highest Sale Prices Ask 414 814 30 5c 1 814 Dec. 20 75c 3 1 Jan. 11 614 Apr. 25 13 Jan. 26 13 5 35c Dec. 18 Dec. 37c 18 134 Dec. 19 Dec. 9 50c 614 5 514 414 Dec. 28 4c lc 4c lc Dec. 6 Dec. 2 30 33 Mar. 16 Mar. ^2 30c Feb. 7 35c July" 13 75c Jan. 30 10- Dec. 27 12c Sale 38c 28 Mar. 31 7 12c lc 1 414 Dec. 18c 35c Jan. 334 Jan. 75c 334 Dec. 19 814 Dec. 20 2614 Dec. 20 Apr 10c Apr. 17 2514 Apr. 1 17 54 Mar. 22 50c Dec. 9 Dec. 9 514 Dec. Dec. lc 6 414 Sept. 13 6 lc Dec. 50c , 6 314 May 20 75c Feb. 8 Jan. Jan. 3c 2c May 6 4 12 8 Common vot trust ctfs 1 lc 4c lc 4c lc June 28 1 2c 10c lc 10c t2c Dec. 28 *2c Dec. 28 3c Apr. 15 4 Oct. 31 1 lc 2c lc 2c lc Dec. 15 lc Dec. 15 lc Oct. 13 3c Apr. 6 1414 2034 1014 15)4 2134 1414 1514 2234 1114 Feb 6 * 84 85 vtc Byron Jackson Co California Packing Corp Central Investment Corp Chapman's Ice Cream Co Chrysler Corp Consolidated Oil Corp Consolidated Steel com Preferred Creameries of America * 100 714 6 * page 66. Sale 35c Sale 370 1114 - see "75" 9% 1114 334 Farmers & Mercb Nat Bk.-100 52,132 General Motors Corp 10 * 2,738 General Paint common 220 General Telephone Corp 20 8,949 Gladding McBean & Co * 17,963 Globe Grain A Milling Co 25 * 2,477 Golden State Co 20,970 Goodyear TAR Akron com._ * 634 Sale 74 25 2.50 Sale 1114 5% 6h ♦ 8,769 fFitzsimmons Stores Ltd 300 General Metals Corp 12 22 10 9 Sale 6V4 8 1414 1554 5214 614 18 9 10 5 5H 614 6 7 3754 7h 37 8)4 23)4 8834 714 514 10)4 514 614 8134 914 392 1134 5314 714 19 514 Sale 9 2414 20 15 Dec. 20 13 22 h 12 Dec. 13 Dec. 14 Dec. 15 12 Dec. 30 9 7 Dec. 5 Dec. 1 514 1034 514 634 *7434 914 1014 Dec. 22 114 8714 734 614 1114 Dec. 8614 Dec. 714 534 1014 534 '8234 10* Sale 9 10 14 49 14 6 Dec. 22 h Dec. 1014 Dec. Dec. 6 15 Sale 1)4 * 5 * t C—* v 869 District Bond Go Lowest Sale Prices 50c 25c ----- Sale 1 Highest Sale Prices 514 6,287 Douglas Aircraft Corp * 23,250 Electrical Products Corp-_-__4 14,684 Emsco Derr & Equip Co 5 1 73,708 Exeter Oil Co A footnotes 734 2614 Lowest Sale Prices 30 Preferred Preferred 4,000 3,572 7,000 1,990 5,063 4,355 2,010 30,048 21,159 20,940 40,565 7,101 YEAR 1939 Price Jan. 3 Shares Shares RANGE FOR PRICES IN DECEMBER LOS ANGELES STOCK EXCHANGE SALES - 1938 1939 December 581,744 6,833,944 321,317 EXCHANGE Bond Sales 1938 1939 Stock Sales 43 c 380 11 7 5414 534 1914 514 734 814 2234 Sale 392 Sale 35c 383 11 1 Dec. 21 Dec. 29 Dec. 26 IPs 5 1 Dec. 27 Dec. Dec. 43c 1 29 383 Dec. 30 1 Dec. 6 Dec. 26 *8234 Dec. 30 1014 Dec. 21 Dec. Dec. Dec. 11J4 Dec. 1 Dec. 30 Dec. 29 8 1114 Dec. 8 55 5314 Dec. 12 634 Dec. 21 5434 Dec. 29 634 Dec. 21 434 Dec. 27 734 Dec. 27 514 Dec. 21 1 734 Dec. 2014 6 8 934 2314 233s Dec. 21 2434 Dec. 6 1234 Sept. 1 15 Apr. 6 1014 Oct. 6 90c Apr. 19 61 Apr. 19 634 Aug. 21 314 Mar. 30 734 Mar. 30 314 Feb. 16 614 Mar. 14 6014 Apr. 27 814 Sept. 5 634 Apr. 10 35c 360 Dec. Jan. 16 2814 Sept. 11 1714 Jan. 19 1.45 Nov. 92Oct. 1 26 934 814 1314 514 634 8434 1114 Sept 6 Sept. 11 Sept. 12 Dec. 6 Aug. 14 Nov. 8 Mar. 10 12 Nov. 8 1 6714c Jan. 20 Mar. 6 4 399 934 May 15 1334 Oct. 27 8 Nov. 4 6 May 6 3734 Apr. 8 5614 Oct. 26 5 814 Oct. 30 Sept. 6 * 1614 June 26 U.914 Nov. 29 934 Jan. 7 434 Dec. 27 9 5 Jan. 11 May 4 914 June 23 614 Apr. 10 2314 Sept. 1 3514 Mar. 8 Jan., 1940] STOCK ANGELES LOS 65 EXCHANGE AGGREGATE 200 50 345 3,100 """575 4,100 4,518 9.769 1,385 200 13,760 "2"6oo "4,506 2,000 400 3,205 " l",490 40 """972 420 225 1,775 340 75 131 , ' s»* 565 200 1,925 ~ 74 10 2,659 "2"650 5,985 440 429 10,000 70 2,193 1,090 7,516 100 3,452 2,358 100 971 2,890 10,097 """915 550 17,934 11,841 1,335 STOCKS • 28,453 Hancock Oil Co A 136,780 Holly Development Co .5 1,266 Holly Oil Co 300 Honolulu Oil Corp .... * ....♦ 2,011 Hudson Motor Car Co 6,349 Hupp Motor Car Co 9,26,* Intercoast Pet Corp 23,000 Jade Oil Co 3,013 jLane-Wells Co___ 87,461 Lincoln Petroleum Corp 1 52,441 Lockheed Aircraft Corp 1 79,626 L A Industries Inc_.........2 .10 22,148 L A Investment Co 11,775 Mascot Oil Co 218,523 Menasco Mfg Co 4,500 Merchants Petroleum Co 8,000 Mid -Western Oil Co......... 12.045 Mt Diablo Oil Ming & Dev ........6 45,350 Nordon Conp 14,737 Occidental Pet Corp 35,187 Oceanic Oil Co * 7,750 Pacific Clay Products 1 6,950 Pacific Distillers lnc 25,772 Pac Finance Corp common. .10 Preferred A 10 1,425 Preferred series O 10 1,343 18,247 Pac Gas & Elec Co com.....25 1st preferred 6% 25 7,804 5 k% 1st preferred 25 2,773 10 18,845 Pacific Indemnity Co ♦ 14,750 Pac Lighting Corp com 940 Pacific Public Service 1,775 Pacific Public Ser 1st pref 1,790 Pacific Western Oil * * 10 1,607 Puget Sound Pulp & Timb Co 10 31,510 Republic Petr Co Ltd .Pr eferrod 50 -940 1 60,610 Rice Ranch Oil Co. * 92,954 Richfield Oil Corp common Warrants ~T2;694 = ........ Roberts Public Markets * .... Ryan Aeronautical Co 1 Sateway Stores lnc * Security Co units Shell Union Oil Corp __25c 42,000 Sierra Trading Corp * 12,512 Signal Oil-Gas A 2,393 Signal Petroleum Co of Calif. 1 * 10,493 Sontag Drug Stores 25 99,468 So Calif Edison Ltd com 1,128 45.046 39,204 1,393 17,518 99,463 77.764 5,719 13,808 3,825 204,448 128,931 13,399 .... .... Original preferred 6% preferred 5k% preferred So Calif Gas 6% pref So Calif Gas A 6% pref 25 25 25 25 25 100 Standard Oil of Calif Sunray Oil Corp 1 Superior Oil Co common 25 Taylor Milling Corp Transamerica Corp ......* Union Oil of California Universal Cons Oil Co 25 ..10 ""922 20 MINING STOCKS— 2.965 Alaska Juneau Gold M Co. 10c 12 1,200 48 7,000 3,000 4,000 1,620 10,000 38,752 10,000 430 290 969 986 252 1,133 110 1,335 293,100 165,200 81,350 5,895 141,000 425 196 105 105 18 136 220 1,504 445 102 4,100 310 100 120 1,054 480 592 155 708 420 823 635 1,000 500 3,189 1,572 418 287 1,088 45 371 50 823 300 3,976 ""487 1,197 140 2,318 375 1 Imperial Development Co..25c 1 Anaconda Copper Mining 50 Armour & Co (111).. 5 Atch Top & Santa Fe Ry„_100 Atlantic Refining Co 25 3 (Del). Oil Co (Del) Corp Electric Bond & Share Electric Power & Light General Electric Co 33k 2 k 3k 50c 5k 21c 03c 48c 10c 17c 1 20 2 42c 05c 60c lc Dec. 29 Sale 5c Dec. 13 Sale Ilk 9 6c (5k Dec. 20 k Dec. 7 k Dec. 10k Dec. 2k Dec. 12 20 k Dec. 7k Dec. 11 21 10k Sale 0VA Sale Sale Sale 13 k 5c 8k 10 42 k 28k 27 J Sale Sale 30k 29 k "34k Sale Sale 15 k Sale 2 43 2k 2k Sale 35 k 8 9 8k 6 k Sale 18 k Sale 15 k Sale 7k 8k Safe 4k 17k 3k lc 10c 3c 17k 51k 149 33k 5k 22k 8k Sale 15k Sale 4 Sale 2k lkc 15c 5c it* J? 22k Sale 3k 9 6 35 9k Sale 16 k Sale 15k Sale 8k 9k 5 k Sale 3H Sale' 4k 5k 19 3k 16 k 2k 6 k lie4 Sale 12kc kc lc kc 7c lk kc 5c 2kc Sale lk lkc Sale 5c 6k 15c lc 21 7 2k Sale 33 k Dec. 8 k Dec. 35 Dec. 9 Dec. 5k Dec. 15k Dec. 15 k Dec. o 8k Dec. 11 4k Dec. 5 6k 16k 15k 9k 5k Dec. Dec. Dec. Dec. Dec. (5 Dec. Dec. 28k 2 k Dec. 20 (4k Dec. 19 Dec. 9 3 k Dec. (6k Dec. 3 5 (6k Dec. 12c 23k 54k 9k 42k 53k 50 6 Dec. 2 lc 5c 3c Dec. 12 2c Dec. 23 Dec. Dec. 30 k Dec. 3 .. 29 31 k Dec 83 k Dec. 13 24k Dec. 29 29k (4 k Dec. (5 k Dec. 21 13 20 11 3k Dec. 22 (22k Dec. 27 23 k 10 Sale Dec. 1 28k Dec. 27 7 k Dec. 29 (6k Dec. 18 39 k^Dec. 7 (455? Dec. 1 28 k 8 7k 38k 45k 20 k ^L9H Dec. 11 57 kc Dec. 35 Dec. 4 Dec. 14 12 13 37k Dec. 12 33 k Dec. 15 43k 54 k 50 k 54 Dec. 20 4 22k Sale 2W * * 21k 72 k 13 k 21k 24 k 22 k 73 k 13 k 22 k fig wi 194 ...* 6k ....25 51k 52 k 44k 7k 7k 8k 6 lk Sale Sale 5k 44k Sale 1 19k 26 Jan. 24 13k Nov. 16 2c Nov. 30 24k Apr. 6c Dec. 6k Sept. 23 Jan. 8 8 7 25 36k Oct. 9 27k Sept. 22 25 Sept. 23 32 Jan. 29 Sept. 17 10 k Apr. 7 8 24 k Dec. 14 Jan. Mar. 20 5 1 25k "21k 4 18 k Dec. 1 8 1 3 3 33 Sept. 22 13k Nov. 16 6c 6c Dec. 3 5 8 10 May 12 29 k Dec. 30 45 k Aug. 3 30 Dec. 28 29 k Dec. 29 34 k Dec. 28 34 k June 21 21k Jan. 4 33 k Sept. 13 2 k Sept. 6 45 k Mar. 10 10k June 9 8 Sept. 13 19k Mar. 9 17 k July 25 9 k Aug. 7 5 k Dec. 4 8 k Sept. 1 28 2k Sept. 20 5 Jan. 4 4 Oct. 25 23 k Sept. 18 3 k Jan. 9 6 k Sept. 29 Dec. 1 10 Jan. 10 30c Jan. 10 2k Apr. 18 4 25 Oct. 11c Dec. 15 Dec. 26 Oct. 19 6c Aug. 18 20c Aug. 9 2 k Jan. 16 18 2c 14c 2c June 28 4c irA Jan. 9 Aug. 16 Jan. 20 Jan. 4 Sept.14 Aug. 4 39k Sept. 5 8k Sept. 5 168 6 Dec. 5 Dec. Dec. 21 23 k Dec. 21 24 k Oct. 9k Nov. Dec. 18 Dec. 14 6 22 29 19 6 4 6 14 (55k Dec. Jan. 32k Jan. 2kc Dec. 12 Dec. Dec. Dec. Dec. Dec. Dec. 21 Dec. 12 3k Dec. 12k Dec. 22 33 k Nov. 5k Sept. 29 80 Sept. 6 52k Mar. 8 20 (4k Dec. 21 (6 Dec. 12 13 8k $eb. 6 15 k Sept. 12 6 2k Feb. 4 lk Dec. 3 k Dec. 22 (23 k Dec. 18 7 10 k Dec. 28k Dec. 27 7 k Dec. 29 6 (7 k Dec. 39 k Dec. 7 (47 k Dec. 22 20 k Dec. 7 87kc Dec. 14 3854 Dec. 21 i»k 6 4k Dec. 38 k Dec. 21 33 k Dec. 15 54 4 83 k Dec. 13 24 k May 25 13 29 27 13 k Dec. 3k Dec. 22 26 k Feb. 14 13 k Nov. 4 31k Nov. 3 Jan. 19 Jan. 19 42 k Mar. 4 18 June 20 24 k Sept.13 45 Dec. 4 Jan. 6 9k Feb. 27 45 k Sept. 8 Wi Dec. 20 Mar. 18 Oct. 26 4k* Dec. 26 19 k Dec. 14 4k Dec. 26 23 k Sept. 27 26 Dec. 28 21 (79 k Dec. 12 Dec. 8 Dec. 12k 31k 83 k 24k 4k (71 k Jan. 7 k Jan. 48k Aug. 3c 22k Dec. 6 k Dec. 3 k Dec. (7 k Dec. 13 (7 k Dec. (22 Dec. 20 (23k Dec. (8 Dec, 19 (8k?Dec. 5 k Dec. 18 6k Dec. lk Dec. 13 lk Dec. 1 24' Dec. 22k Dec. 6 k Dec. 3 k Dec. 30c 1 Dec. 9 10k-Jan^ 3 k Jan. 18 Dec. (18 18 27 Nov. 25 2 Dec. Dec. 3 10 15 2 24 14c 18 25 k Nov. 26 26 k Mar. 10 28 8 10k Sept. 4k Jan. 13 k Jan. 20 22 $ 21 6 13 Dec. 30 2 12k Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. BB July Sept. 21k Mar. 1 15 50^ 7 6 3 11 17k 12 18 5 3 Mar. 11 Jan. 17 (0 18 20 15 5 5 % (85 18k 5k Dec. 21 5k (43 k Dec. 13 (45 k (11 Dec. 12 (Ilk 8 k Dec. 1 9 k (2 k Dec. 15 (2 k 5 20k Dec. 20k 4 8k Mar. 8 2k Mar. 17 29 Sept. 21 22 k Oct. 26 13 19 k J9k Sale * 18k Dec. 27 17 k Dec. 27 25 k Dec. 6 22 k Dec. 26 Aug. Sept. Aug. July 35 July 50 July 6 k June 22 k Aug. kc 31k 5k 23 k (21 k 4 7 k 6 3 k 19 22 12k Nov. 10k 34k 34 k 31k 6 5 6; Feb. 16 12k Mar. 14 Dec. 4 5k Dec. 30c 30 k Dec. 27 23 k Dec. 27 (20k Dec. 20 7 Oct. 17 5 Sept. 1 10 k Mar. 7 Sept. 2 Ilk Sept. 14 3 k Jan. July 7 6 June 15 38 k Dec. 14~~ 10 Dec. 29 1 (51 k Dec. 19 18 (171 Dec. 21 13 k Dec. 1 k Dec. 5k lk Feb. 9k Dec. 28 (50 (167 9k 8 4 k Oct. 26 8c 18 *55k 2k 85c 11 15 21k 7k 3k * 5 Dec. Dec. 26 6k 50 4 14c lc Dec. 51 4k 20c 6 4k Dec. 15 Dec. 7k 39k 24k 19 13 8 26 4k Dec. 27 7r? 7k Jan. Dec. Nov. 4 Dec. 6 (71k Dec. (54 k Dec. 27 It" 3 11c 35c lk Apr. 11 Sept. 1 7k Apr. 3 5 Sept. 5 15k Aug. 28 12 k Apr. 8 kc Dec. kc Dec. Sale Ilk 43 k 15 11 Jan. Jan. Jan. 13 k July 1 k 6k 22 k Feb. Jan. 10c 34 3k Dec. (4k Dec. 19 6c 47 Sale 27k Ilk 19 2k lc 5c 2kc 2c 29 15k Dec. 13 2 25k Dec. 10c kc 3kc 91 46 7 29 k Dec. Dec. (16k 12 k 28 k Dec. 28 30 2 168 k 169 k 30 k 31k 5k Dec. 6c 10 50 34k 6k 33 2k 2k 18k 150 Sale Sale lk 2 1 8 14k Dec. 24k Dec. 34 14 k 24 k 14 34 k Dec. 28 34 k Dec. 19 (5 4k 5kc Sale lk Sale 20 9k 10k 23 kc 25c 5c 44k Dec. 29 k Dec. 28k Dec. 4c 55c 3 k Jan. 9 4k Sept. 1 30k Mar. 22 7 29 k Dec. 30 44 k Dec. 15 34k Dec. "32" Sears Roebuck & Co Sale 46 Dec. 7c 3M 31] 213 Dec. 1 6 1 1 2c Dec. Sept. 13 _6kApr.ll lk July 1 6 60c Nov. 6 Dec. 6c Sale 6 Dec. 27 32 (12 k Dec. 26 Dec. 7k Sale 43 29 Dec. 14 5k Dec. 48 (27 k Dec. 31 Seaboard Oil of Del 66. 2c 1 Ilk Dec. 14 2k Dec. 29 8 Dec. 46k Dec. 29k Dec. (12k Dec. 25c 7k 2k 23 k see page 5 50 k 25c 13 7k Dec. Sale Sale 13 Dec. .JL ..38 k Dec. 6 (20c Dec. Dec. Dec. 9 7k Dec, 28 23c 25c Sale ' 38 (20c ..Sale. _ 11 30 Ilk May 16 Apr. 28 4k Mar. 7 Apr. 5 5k Jan. 4 25c Apr. 25 13 6 48 k Dec. 5 Ht Dec. 5 June 30 5 12 28 25 Sept. 20 35 k Dec. 2 16 14c Jan. 5 21 5c Jan. 36 k Feb. 24 2 k Jan. 7 5k 19k 7k 4k 30 k Dec. 34 k Dec. 48 k Dec. Feb. 2k Jan. 24 11 43 30k Dec. 28 (12 k Dec. 7 41c 23 25 12 Dec. 30 Sale 22 28 15 33* Dec. 20 49 28 Apr. Oct. July Aug. Apr. Jan. June Aug. Apr. 21 12 30 k 35 32 29k 22k Jan. 23 9k Apr. Ilk Apr. 9k Apr. 28 Apr. 29 k Sept. 26k Sept. 27k Jan. Dec. 26 31k 24 k lc 25c 12 k 23 6 7 8 18 18 8 16 16 26 4k Dec. 18 32 k Dec. 33 k Dec. Sale 1 11 13 11 * 25 5c 7 5c 30k Corp of America Radio-Keith-Orpheum * Republic Steel Corp.......... 5,918 Swift & Co 13 Dec. 28 * Corp Dec. 32 k 33 k 10k 29" 2k Sale 3k 3k 7 k Sale 28 k 29 k 28k 30 14k 15k Pictures lnc Superior Oil Corp (Del)... 5c Ilk Dec. 26 (12 Sale 7k 21k 12k 5k 6k 19 29,211 Studebaker 29 22c 12 ----- Ohio Oil Co Standard Oil Co (N J) 41 Stone & Webster Lnc Dec. lk 41c 25c 21k 15 lc 39c 25c 7k 40 lk lk 6 1 3k 5c 2 k' Dec. 4k Dec. 35 18c 8k 18 k 20 50c 42 k May 11 1.40 Jan. 20 2k Jan. 12 5k July 18 Aug. 16 10c Aug. 15 20 Dec. 10 4 8 Apr. 11 Aug. 24 75c Dec. Dec. 28k 31k 28k 27 k 43 k 6k 20k Ilk 70c Dec. 1 11c * ...... Dec. 43c 1 Standard Brands lnc 8c 8 32k Dec. 2k Dec. 21 1 New York Central RR Socony-Vacuum Oil Co Southern Ry 1 Dec. Dec. 1 Radio 4 11 39 50 Pure Oil Co. Dec. 9k Dec. 28 6 8c 29k Dec. 2 k Dec. 3 k Dec. Dec. 43 Pennsylvania RR Co 13 Dec. North Amer Aviation lnc North American Co Paramount Dec. 11c * Packard Motor Car Co 10c 40c * * 1 42c 2 "31k I* Dec. 18c 11 Goodrich (B F) Co 1 49c Ilk 33 1.10 Dec. (5k Dec. 18 22c 12k 11 Dec. 77 kc 80c 6k Highest Sale Prices 2c 34k Sale 4 70c Sale 30k 7k 27k 10k 5 l.fO (5 k Dec. 21 1 Dec. 1 10c Dec. 13 Ilk lk 1 5 1 1 77kc Dec, 8 8k Dec. 7k — For footnotes 11c * _ 6 Sale Prices 38 Dec. 4 6c Ilk lk 7,559 International Tel & Tel * 11,302 Kennecott Copper Corp * 6,567 Loew's lnc * 15,415 Montgomery Ward & Co 500 Mountain City Copper Co._5c 47 10c Corp.. 155 Graham-Paige Motors Corp 8,913 International Nickel Co 19,648 1,645 70,992 2,869 9,494 14,044 6,723 12,137 7,102 40c * QJaSSA 7,154 General Foods Corp 44,702 62,733 12,947 3,471 9,804 5,779 371 36c 3c , 22k Jan. 24 8k 2k 5k 10 Dec. l.lODec. 21k 7k lk 89 239 Cities Service Co 13,796 70c 1 * ...» 15,575 Columbia Gas & Elec Corp 5,233 Commercial Solvents 11,550 Commonwealth & Southern 445 Continental Motors Corp Curtiss-Wright 36k Dec. 42 --- Lowest Sale Prices Highest Sale Prices 3l"" "32" 5,575 Borg-Warner Corp 1,577 Canadian Pacific Ry 395 Case tJ I) 5,744 Caterpillar Tractor Continental k 90c 3k 5 200 Bethlehem Steel Corp 3,472 66,415 6,975 1,995 6,645 17,431 39 1.10 Lowest Dec. 30 Ask 13 5 225 Barsndall Oil Co 17.235 Bendix Aviation 47 363 1 Cons Cbollar G & S Co... Aviation Corp (Del) 150 Aviation & Transportation 536 Baldwin Loco Works vtc 41 1,864 10c * 9,960 Amer Rad & Stand San 6,744 Am Smelting & Refg Co..... 100 21,636 American Tel & Tel Co 536 200 ColOc Calumet Gold Mines Co Cardinal Gold Mining Co 76.875 Zenda Gold Mining Co......1 UNLISTED STOCKS— 100 225 195 Black Mammoth Cons M 65.097 Tom Reed Gold Mines Co 39,676 8,846 1,133 1,715 27,734 Bid 28 Southern Pacific Co Van de Kamps Bakeries... * 2,079 1.50 7,773 Vega Airplane Co 3,176 Weber Showcase & Fix pref--* .1 21,527 Wellington Oil Co 1 173 Western Air Express Corp 10 700 Western Pipe & Steel Co 4,307 Yosemite Portl Cement pref 10 353 7,773 Dec. 1 1939 Par Shares 36,849 208,893 6,900 3,860 1,222 1939 Jan. 3 12 Months December 1939 1,700 YEAR Price In Shares 881 RANGE FOR PRICES IN DECEMBER LOS ANGELES STOCK EXCHANGE SALES *1 Oct. 23 (0 M 24 k Sept. 11 10 66 LOS ANGELES . AGGREGATE SALES . LOS ANGELES STOCK EXCHANGE PRICES IN DECEMBER Shares 684 734 709 UNLISTED STOCKS Par Shares 9,404 5,069 7,804 8,262 455 637 Texas Oorp 25 Tide Water Assoc Oil Go—10 Union Carbide A Carbon— * * 5,306 United Corp (Dei) 575 1,761 27,510 U S Rubber Co 48,674 U S Steel Corp 2,850 19,155 Warner Bros Pictures 372 10 100 5 3,533 Westinghouse Elec & Mfg ,.50 100 Willys-Overland Motors Inc__l 100 1939 Bid 47% 13% 89% Dec. 30 Dec. 1 Ask 47% 14% 90% Bid Ask 44% 10% 86% 44% 10% 87% United Sir Lines Trans Corp__5 455 United Aircraft Corp 232 RANGE FOR YEAH 1939 Price Jan. 3 In 12 Months December 1939 STOCK EXCHANGE £ •No pax value. t Listed May 3. 1939. "39% ~40% "43" "43% 3 3% 51% Sale 67% 68% 6% 6% 117% 118% 2% 2% 37% 38% 65% 66% 3% 4 108% 109% t Listed May 15. 1939. Bg Lowest Ask 44% 44% 10% 10% 86% 87% 87% Dec. 14% Dec. 15% 16% 43% Dec. 46% 47 2% Dec. 2% 2% 39% 40% 38% Dec. 66% Dec. 66% Sale 3% Dec. 3% 3% 116% 117% *108% Dec. 1% Dec. 1% 1% 5 Removed 8eot Cleveland Stock Highest 8 Lowest Highest Sale Prices Sale Prices 43 Dec. 12 10 Dec. 26 Sale Prices Sale Prices 43% Dec. 10% Dec. 19 87% Dec. 21 15% Dec. 12 46% Dec. 28 2% Dec. 6 41% Dec. Dec. 30 69 28 3% Dec. 4 *116%Dec. .22 1% Dec. 21 4 19 28 22 13 15 35 13 43 6 28 22 33% 9% 71 % 14% 35 2% 3% 103% 1% 16 49 22 14% 25 90% 21 15% 3 48% 8 3% 17 51% 25 82% 28 6% 22 118 22 1% Aug. Aug. Apr. Dec. Apr. Apr. May Aug. Dec. Mar. Dec. 13 Sept. Sept. Oct. Dec. 11 25 28 Oct. 20 Feb. 6 Jan. 3 Sept. 12 Jan. 5 Oct. 5 Dec. 22 t Odd lots. Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON Stock Sales December Shares- - CLEVELAND STOCK EXCHANGE- In 12 Months 1939 ; December Shares 198 215 1,531 2,319 2,375 2,179 270 Air-Way El Appli 1st 7 % pf 100 Akron Brass Mfg common-.-.* Amer Coach & Body 5 Apex Electric & Mfg_. 8 3 . 41 2,800 24,726 103,177 3,705 1,022 3,476 4,708 Cliffs Corp vtc * Cliffs Corp 5 Colonial Finance Co common-1 Commercial Bookbinding....* Dow Chemical 5% pref 100 Eaton Mfg. Co. common 4 817 Elec Controller & Mfg 1,679 Faultless Rubber Co com....* 20 1,047 350 986 Fostoria Pressed Steel—....* 5,421 General Tire & Rubber com..5 110 5 240 General Tire preferred.....100 8,893 Goodrich (B.F.) Co.common * 309 9,245 Goodyear Tire & Rub com..-* $5 conv cum preferred * 62 235 Great Lakes Towing......100 323 ""20 734 191 12* Preferred.. Jan. 1 to Dec. 31 Ask Sale 9 10 Dec. Dec. 1 Bid Ask Bid 12 8% 9% 8% 9% 5 6% 13% 12 1VA 80 100 * Preferred 100 343 1 3,465 Clark Controller new 9,726 Cleveland Builders Realty * 16,833 Cleveland Cliffs Iron pref. 421 Clev El IU $4.50 cum pref ♦ 15,997 Cleveland Rys ..100 2,396 6 ilOO 12,537 City Ice & Fuel 259 730 178 45 280 Bid 144 Canfield OR common.. 602 "9,785 Par Preferred 82 89 _6% 50 10 73 Sale 85 16 20 3 61 2 57 107% 19 "2l"' "12% 12 90 elH dH 14 12 17 116% 9% 114 24 25% 63 15% 3 23 70 17 5% 26 23 26 36% 39 29 29% 49% 53 2!* 19% 23% 20 21 50 17 n* 38% 51 39 40 280 McKay Machine.....—..._.* ....* 2,588 McKee (Arthur G) B. 6,140 Medusa Portland Cement....* * 2,774 Metropolitan Paving Brick 75 1,522 648 63 """148 1,284 2,311 1,614 1,394 400 165 170 185 "3,102 292 9l4 ""307 1,025 845 300 3,770 291 20 376 240 . 7,961 3,726 5,225 2,438 50,358 4,888 6,673 510 6,340 2,410 1 210 10,235 20,329 1,850 3,233 5,060 1,705 4,165 7,110 67 20 45 318 Miller Wholesale Drug.. * Monarch Machine Tool Co...* 5,669 Nestle LeMur "A" 379 Nineteen Hundred Corp A 1,336 Ohio Brass B_.......... 140 Ohio Confections A 45 250 400 75 * 1 3,114 National Acme Co com 1,774 National Refining..........25 New common........_._.* 16,373 $6 prior preferred * 3,061 Preferred 100 164 .——...._* 10,562 National Tile... 930 430 —.—...100 99% 103 lb "E M 12% 16 32 15% 33 15 2% 60 25 17% Otis Steel Co Packer * Corp 20 15 5 1% Sale % 1 * 11% .» 13% 7% 25% 14% 9 13% 14 10% 12% 34% Sale 50 Sale" 5 6 12 <96 Dec. 28 Dec. 12 Dec. Oct. 20 25 Dec. Dec. 6 5 Dec. 15 16% Dec. 28 11% Dec. 15 7% Dec. 29 20% Dec. 12 8 116 30% 50 Sale 51 Dec. 17 66 46% t\* 16 # 34 12% 15% 28% 16 16 li* 3% Sale 65* Dec. Dec. 17 1% 60 36 4 3 3 37 74 36 1% J ** 12% 18 35 Sale 2 1% 36 Sale 7% 8% 11% 5% 3% 1% 9% 5 ...» .100 62 1 12 13 46% 47 55% 55% 37 14% 4% 3% 5% 1% 10% A* 15 5 4 65 Oct. Jan. z87 15 zl05 z24% Jan. 25 14 19 Dec. 29 z38% Jan. zl09% Jan. 20 July Jan. 4 3 5 10 8 40 Apr. 24 55 29 Apr. 27 Aug. 21 May 29 47 Dec. 13 15 40i Jan. 24 Jan. 19 8 Dec. 8 Nov. 8 May 19 103: Dec. 28 5% Sept. 12 Jan. 26 49 14 14 10 10 22% Mar. 23 12% 1% Apr. Apr. July Apr. Oct. Feb. Oct. Aug. 6 18 17% Oct. 24 39% July 29 18 Sept. 18 2% Jan. 13 60 Feb. 21 60 Dec. 28 17 Dec. 11 15 12% Dec. 27 3% Dec. 28 14 Dec. 15 12 16 11 Dec. 12 4% Dec. 6 12% Dec. 22 2% 9 14% 32% Dec. 18 13% Dec. 27 1% Dec. 19 34 Dec. 31 13 16% Dec. 15 1% Dec. 2 7 *39% Dec. 5% Dec. 30 5 25% Dec. Dec. 30 <11% zl8% Apr. Dec. Dec. Dec. Dec. 3% Mar. 11 Dec. 1 14 Dec. 20 % Dec. 21 Dec. 22 Dec. 11 37 1 30 Dec. 7 *12% Dec. Dec. 5 Dec. 15 9% Dec. 15 Dec. 14 Dec. 12 14 6 <14% Dec. 29 Dec. Dec. 16 Dec. 29 37 4 Dec. *9% Dec. 13 Dec. Dec. 16 13 Dec. 6 Dec. 15 Dec. 1 Dec. 2 x 1% Dec. 20 10 Dec. 11 66 Dec. 1 1% Dec. 20 W* 66 z% Jan. 4 7 Dec. 28 Dec. 1 12% 12% <12% Dec. 12 <12% Dec. 18 Dec. <45% Sale *45% Dec. 30 7 86% 90 Nov. 24 Jan. 17 Dec. 20 1 7 30 Dec. 22 *21% Dec. 35% Dec. 16 35% 1 *31% *29% Dec. 4 Dec. 29 4% 14% Dec. 15 14% 4% Dec. 29 5% 3% Dec. 22 3% 28 Dec. 22 1% Dec. Jan. 17 6 11 Oct. Oct. 2 2 9 6% Sept. 14 14 8 z40 5% 21 8 z29 11 zl2% 2 51 24 zl8% 4 5% 11 z5% 65 28 6 1% 11% Oct. Jan. 14 11 19 13 30 30% Jan. Dec. 1 35 4% 20 Sale 3% 6% 1% 10% Jan. Jan. Dec. Dec. 20% *20% 9% 13 11 11% <10% 9 10 9% 13 12% 14% 14 Sale *13% 34% 35% 34% 8 9 *7% 30% 30 Sept. 13 Feb. 9 Jan. 31 4 Jan. Sept. 13 Apr. Apr. Apr. z21 zl4% Apr. z6% Dec. 43 52 Sept. z7% Aug. 15% *14% Dec. 28 <16% Dec. 13 4% Jan. <2 Dec. 11 3% Dec. 22 2% Dec. 3% Sale 74 June 10 Mar. 14 Nov. 18 Feb. 15 4 Sept. 28 Apr. 11 z27% Mar. 10 95 zl3 1 4 Feb. 27 July 6 May 23 55 20 12% 13% 7 6 2 zl5 65 30 22% 11% 12% 13% 14 Dec. 6 z7% 3 45 8 zl4* z79 Jan. 5 z97^ 15 June 26 20 k 1% June 28 2k 43 May 18 71b *106% Sept.18 *115 15% Sept. 15 23% 12 Apr. 14 22% 13 Aug. 24 27 10 July 28 12 7% Dec. 29 13 114 Aug. 25 118 zl5% Apr. 11 z30 49 July 12 70 14 Apr. 19 19 47 13 15 10 Dec. 19 *29% Dec. 19 53 Dec. 7 17% Dec. 12 3% Dec. 28 *21% Dec. 30 17 z5% Sept. Apr. z9 Apr. Dec. 8 55 15% 12% 10% 1 90 46% Dec. 22 14% 30 21 4 Mar. 10 11 13% Dec. 8 37 41 39% Dec. 29 40% Dec. 28 39% Dec. 6 <102%Dec. 26 z96 102 103% *100 3 4 3% Dec. 13 2% 2% Dec. 28 Dec. 13 38 Dec. 29 45 33 37% 39 12 13% 33 6 13 13 116 *28% Dec. 11 11% 4 55 Dec. Dec. 8% Dec. 19 94 16% 35% 52% 114 12 6 41 19 Sale 10 77 27 12 16% Dec. 29 13% July 21 9% Dec. 12 z9% Aug. 25 zl6% Oct. Dec. 20 15 6 Dec. tn* 4 4 June 4 *12% Dec. 30 20 ~30~~ Warren Ref & Ohem com....2 Youngstown Sheet & Tube * 5% % cum pref ser A....100 58 *112 10 Van Dorn Iron Wks Co com..* Vlchek Tool .—.—....* White Motor , 25 29 ... Weinberger Drug W R I Corp prerl 16S% 18 . 2% 24 Richman Bros..............* Seiberling Rubber Co com-..* Seiberling Rubber pref.......* Stouffer Corp— Class A $2.25 cum pref * Thompson Products Inc com.* Troxel Mfg... 1 Union Metals Mfg Co ....* Upson-Walton.............. 1 115 Dec. Highest Sale Prices 6% Apr. 6% Apr. 19 15% Dec. 27 1% Dec. 19 36% <33% Sale 4% 25% 27% 25% <10% 10% Sale Sale 29% ...........* 60 31 5 27 75 * Patterson-Sargent .» Reliance Elec & Eng com..-.5 E 2% 75 31 58* 14% 1% * common 17 Sale 19 418 "46" llH WA 11H 15% Murray Ohio Mfg ......* 240 Myers (F E) & Bros Co com..* 1,626 25 158 Preferred Midland Steel. £5% Dec. *94 97 50 12 ...........* 4 8 x 12 Sale 57 50 40 Leland Electric 89 Dec. 12% Dec. Dec. 90 *6% Dec. 95 90 20 499 Dec. 20 6% Dec. 29 12% Dec. 28 16% Dec. 30 3% Dec. 28 22 f21% Sale" <21% Dec. 28 x 102% 107 19 20% 19% <19% Dec. 28 <20% Dec. 22 £ 24 23% *22% Dec. 27 *24% Dec. 18% 5% 33 .... * Kelly IslandL&T * Lamson Sessions............* 11% 7% 114 116 it* 16 100 Jaeger Machine.. 8 8 13 16% Sale 1% 2% 59% 63% 19 Sale 19% 10 12 13 3,909 8,980 17,053 2,061 9 Sale Prices 9% Dec. 14 9% Dec. 12 21% Sale 27% 1,755 1,215 9% Dec. Lowest Sale Prices Highest Sale Prices 8 Dec, 19 Ask *12% Sale" fll% Dec. 112 111% 115 17 18% 19% 721 Halle Brothers.............5 Preferred ..........50 2,297 786 Hanna (M A) $5 pref * * 1,840 Harbauer ........* 5,987 Interlake SS.. ..... rangmjeprneah,!^ Lowest 30. 6% 94 94 18 15 1938 _ 59 1,051 Greif Bros Cooperage—.-* ... 6% 6% A* 123 750 695 84 8 87 100 408 77 1939 Bond Sales December 65,509 408,371 PRICES IN DECEMBER 10,811 Brewing Corp of America 320 7 823 135 1938 Price Jan. 3 1939 STOCKS Shares 85 295 46 THE CLEVELAND STOCK EXCHANGE ■■■ 48,948 503,450 Jan. 1 to Dec. AGGREGATE SALES ' 1939 Jan. Feb. Dec. Sept. 7 21 19 5 Oct. 28 Oct. 26 Jan. 9 Sept. 27 Jan. 5 Jan. 5 48 Feb. 7 75 Jan.* 3 2% Mar. 14 1% Oct. 14 30% Mar. 31 zl5% Sept. 2 26 13 Apr. 25 16 z7% Apr. 10 zl6 7 Apr. 4 10 12 Apr. 5 14% z9% June 27 zl6 30 Feb. 17 38% z4% Jan. 27 zlO 50 Jan. 3\ 91 Sept.16 July 17 Jan. 23 Sept. 27 Aug. 9 34 zl7 Nov. 13 Nov. 4 Jan. 35] z33] Apr. 2% May 10% Feb. 3 July 2 Aug. 4% Mar. % July 9 Sept. 60 Apr. z7 Apr. z30 Apr. z74 May Jan. 6 June 20 Oct. 20 Apr. 22 Oct. 20 Dec. 15 Sept. 12 Nov. k 4 Sept. 18 Oct. Jan. 70 Sept. zl5% Oct. z56% Sept. z92 Sept. 25 17 16 26 12 30 UNLISTED 60 238 5 21 248 270 120 40 350 196 50 Addressog-Multigraph com. 10 1 1,663 American Home Products 5 Cleve Graphite Bronze com.-l 21 Firestone Tire & Rub 248 General Electric com Glidden Co common 270 120 40 350 com 10 * * Industrial Rayon com. ...__.* Interlake Iron common.' * Central RR com * m N Y 196 Ohio Oil common... —J 334 10 448 180 * 334 Republic Steel common 180 Youngstown Steel Door com. * Reflects 10 Timken Roller Bearing com. 448 U S Steel common * prices in primary markets on which odd lot sales were based, <17% Dec. 19 <18% Dec. 19 zl5% Dec. 30 z41% *57% Dec. 26 <60 *36 Dec. 29 <36 Dec. 29 z20% <20% Sale *20% Dec. 30 *21% Dec. 23 zl7% 40% 40% <39% Dec. 18 <40% Dec. 22 z31 Sale <37 <16 Dec. 28 *17% Dec. 22 zl4 Sale <27% Dec. 30 *28% Dec. 20 zl6% Sale *11% Dec. 28 <11% Dec. 30 z7% 18 *18 Dec. 21 <18% Dec. 18 zll% z6 <6% Dec. 27 <6% Dec. 18 <22 23 Dec. 27 *23% Dec. 18 zl2% 22% Dec. 28 *49 Dec. 28 z34% 50% 50% <48 Sale *65 *66* Dec. 27 *67% Dec. 20 z4l% 268Dec, 27 <26 Dec. 23 zl7 27% *25 18 <17% Sale *60 35% 36 z Reflects range of prices in primary markets, x Sept. 8 Apr. 11 Apr. Apr. Apr. Sept. Apr. Aug. Sept. Aug. Apr. Apr. Aug. Apr. &X z60 11 z39 Jan. 5 Dec. 30 Oct. 25 10 z25% Sept. 12 5 11 z44% Jan. 5 1 zl4% Jan. 10 z29% Jan. 16 24 zl6% Sept. 12 1 z23% Sept.27 14 zl0% Sept. 5 10 z48% Sept. 12 3 11 z54% Jan. 24 z82% Sept. 12 8 a&4 Sept. 27 No print sales only. I In the earlier part of this he country, General publication complete records of for the latest month and for the calendar Quotations only those dealt in combine in we the dealings date, to year m m m.m _————— _—_ Railroad Stocks.. 85 Real Estate Bonds. 92 Real Estate Trust and Land Stocks 85 94 Textile Stocks 85 73 ................. Municipal Bonds—Domestic Canadian 81 .... ........................ Public Utility Bonds ..............100 Public Utility Stocks ...... Investing Companies Securities.......... 72 Quotations for all securities are as near as P**,# 84 85 ............. an quoted: Mining Stocks.. 93 Industrial Bonds not The following is Page 92 Foreign Government Bonds.............. Insurance Stocks....... In this department of Joint Stock Laml Bank Securities........ '84 — Federal Land Bank Bonds................ Industrial Stocks the leading stock exchanges of furnished. the exchanges, but also leading unlisted and inactive securities. on Page —l&xclmnge Seats. on comprehensive whole, securities of all classes and descriptions, one index to the different classes of securities ■ are Railroad Bonds possible for the 71 ————————— ...............101 ...... ...... 78 Title Guarantee and Safe Deposit Stocks. 85 United States Government Securities.. 95 ...................... 67 United States Territorial Bonds , ... 93 ... closing day of the month preceding the date of issue. Tbe 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 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 therefore the always "flat," and no designating mark is employed to Indicate the fact. 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. use sources of these tables that the quotations for many inactive and unlisted securities which are merely nominal, but In all considered reliable. are The following abbreviations are often used, vis.: "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" lor land grant, "opt" for optional. The black-faced type In the letters showing the Interest period indicates the month when the bonds mature. NOTICE—All bond prices are "and interest" except where marked "f" and income and Bonds Bid RAILROAD BONDS Aberdeen AAsheboro 1st 6s'40J&J f 25 Adirondack 1st 434s 1942 gu MAS 77 Akron A Barb Belt g 4s 1942. JAD 100 Akron Canton A Youngs town— Gen A ref 6s 1945 series A. AAO / 38 Gen A ref 5He 1945 ser B.AAO f 3734 Alabama Great Southern— 1st cons g 5s 1943 ser 1st cons 4s 1943 ser B A—JAD Ask July 1948--AAO July 1948—AAO 67315 69 39" Certificates of deposit.. 5-year sec notes 434s 1939-FAA Certificates of deposit 6834 5034 5034 2834 2834 2834 2934 2834 2834 2834 6854 5134 5134 Ati A Blrm. Ref A gen 5s series A 1995. JAD Certificates of deposit.. 10734 11 1 85" 7824 70 4224 10634 6734 9524 10634 4s stamped 1951 Pis cat Dlv g 5s Jan 1943. A AO Van Bur Ext 6s g Jan '43.AAO 90 34 8534 95" %%% 11* 94 96 10234 10234 109 111 10724 1.75 10834 10034 1.20% 25 35 100 JAJ 92 9534 9934 Battle Or A Sturgls gu 3s '89. J AD Bay City A Battle Creek— 3s 1989 JAD Bedford Belt 1st 5s 1938 JAJ / Beech Crk Ext 3 >4* 1951 AAO Belt By of Chatt 1st 5s '45—JAJ Belvldere Del cons 334s 1943-JAJ Bessemer A Lake Erie— Equip tr 234s 1940-1947—MAS Big Sandy By 1st g 4s 1944.-JAD Birmingham Southern— Equip trust 334s Dec. 1 1940-46 Blrm Term 1st g 4s 1957 gu.MAS Bluff Point Land A Imp 1st 4s '40 29 29 30 2934 2934 2934 30 1734 5734 2934 1834 1734 61H r 46 43 34 5234 54 3.50 2.50% 2.50% 2.50% 3.50 3.50 101 10034 115 MAS 97 Atlantic City 1st 4s 1951—JAJ 1st 5s ext May 11954 MAN Atlantic Coast Line RB— 1st cons 4s July 1 1952—MAS Gen unlfser A 434b 1964—JAD 70 74" 76 75 6034 10-yr coll tr 5s May 1 '45.MAN 74 64 2.00 2.00 Lou A Nashv 4s Oct 1 '52.MAN b Equipment trust 4Hs—— Eq 4 Ha 1940-41 E (yr)—FAA b Eq tr 2^s 1940-52 AAO b Atlantic Coast Line (Conn)— 2.50 76 N 61 76 6434 1.50% 1.50% 2.00% 8434 90"" 36 °on 8 434s 1957 guar J&J F&A F&A J&J .M&N F&A 234s 1946 3s guaranteed 1944 1.75 1.25% 11034 2.50 83 1.50% 8534 99 15-year gtd 1952 13-year guar 1950-—..J&D 3s 16-year guar 1950 J&D 3s 15-year gtd 1953 F&A 3s 15-year gtd 1959 J&J 434s guaranteed 1951 M&S 434s guaranteed 1956 F&A 434s guaranteed 1957 J&J 434s guaranteed 1955. .J&D 5s 15-yr. guaranteed 1954-F&A 53 69 45 70& 45 49 44 1st mtge 5s ser II1955 M&N 1st mtge 4 Ha ser J J1961 AAO 5s series AA 1944——AAO 5s series DD 1945—.....JAD 44 it* 4354 44 44 5s series FF 1947 5s series Q 43 34 4434 44J4 4434 43 54 5s guaranteed July 1 5s gtd Oct 1 1969 5s guaranteed 1970 Canadian Nor deb 634s '46--J&J Canadian N W 4 34» Oct 22 1943 Canadian Pacific Ry— 234s coll trust 1941 3s serial coll tr 1940-41 5s series W 1942.........AAO 60 6134 5s series Z 1943 86 Mtgs 434b 1944 Mtge 4sl942 Mge 3s 1950 4434 4434 4434 4434 4s cons 33 JAJ 80 JAJ 4234 41 Equip trust 5s 1944-— 434s 1940-1945 b Basis. f This price Includes accrued Interest. k Last sale. n Nominal. r J&J Payable in Canadian funds. 91 10534 10734 10734 10634 10734 3.25 3.25 2.50% 2.50% 2.50% % % 11324 3.25 3.25 3.25 11234 108 r J&D M&S J&J J&D 99 65" 61 J&J 434s secured ctfs 1944 J&D 434s coll trust 1946--.—.M&S 434s coll trust 1960 J&J 5s coll trust 1954 6s conv coll trust 1942 10534 89 6534 3724 3034 FAA 104 105 67 4s JAJ 9524 9324 65 45 44 95 6334 45 M&N 10334 10324 98 102 63 4434 4434 43 34 4334 4334 coll trust 1949 deb (perpetual) 85 100% 10034 10024 97 98 conv conv ' A&O F&A 99 40 3s 100" 1.50% 8034 10034 9934 9934 9734 10234 9534 9634 9634 9434 9334 103 Equipment trusts— 434s series J 1940-42...MAN 5s series K 1940-1944..M&N 434s series L 1940-1945.J&D 234sseries O 1940-1947-F&A 2 34s July 11940-1949 coll trust 1945 A&O 334s conv coll trust 1951--F&A 101 53/4 634 10334 1969 J&J A&O F&A 49 Atl A Danvlll>- 1st 4s 1948 JAJ 2d g 4s 1948 JAJ Atlantic A Yadkin gu 4s '40.AAO Aug Term 1st gu g 6s 1947—AAO Austin A Northwestern— r — 5134 70 ' 103 r 3s 109 !§8 __ 48 95 3834 1st 4s Dec 30 1963 JAJ 65 Burl Cedar Rapids A North— Con 1st A coll tr 5s g *34—A&O 534 f Certificates of deposit 5 Cambria & CI'field 5s g '41. J&J 103 Gen M g 4s 1955 F&A 99 Cambria A Indiana BR— 73 88 72 3734. ... M&N JAD Atlantic Coast Line of 8 O— Gen 1st g 4s July 1948 JAJ 88 69 Corp— 5s series R 1940... M&N 5s series T 1941. ........MAS 6s series U 1941........MAN 5s series V 1942 MAS Irred ctfs of indebt 5s 84 MAN Certificates of deposit Buff A Susquehanna RB 3s MAS ...JAJ 34 4s1950 j&J Buffalo Creek 1st 5s 1941....JAJ 1st ref 5s 1961 —.JAJ Buffalo Rochester A Pittsburgh— 7-year 84 — 35" 52 102 18 134 3334 39 65 Boston A Maine BR— 1st mtge 5s ser AO 1967. 14 JAJ 334s 1947—F&A 2s guaranteed 1942 2s guaranteed 1943 Guar 7-year 2 34s 1944 45" 35 81 434s Impt 1978* FAA 1st mtge 4 He ser A 1943—AAO 334s Jan 1 1951 —JAJ Ref 334s 1952 gu N Y O—AAO 80 7834 8334 93 9 834 Bost A Prov deb 5s July 1 1938 Boston Rev Beach A Lynn— 1st m 434s Juy 15 1947—J&J15 72 95 9334 6334 JAD FA A 6s ext to Jan 15 1947 Boston Term Co 2.50% 3.00% 2.50% 2.50% 3.50 MAN 2.00 20 Albany 5s Oct '63—JAJ 3.50 Equip trust 2 24s 1940-47.. A&O Boonvllle St L A Sou 5s '51.FAA / 5s June 1942 6a 1940-1944 „ Boston ANY Air Line— 1st mtge gu g 4s 1955 Ask 4.00 3.50 Canada Atl By 1st 4s 1955..JAJ Canada South 5s 1962 ser A.AAO Canadian National Rys— Boston A JAD Bid 71 ... _ 10524 lot M 5s 1944 ser B JAJ Atlanta Knoxville A Northern— 1st mtge gtd g 5s 1941 Certificates of deposit S'west Dlv 1st mtge 5s *50.JAJ Certificates of deposit... Tol Oinn Dlv ref 4s A '59-JAJ 95 92 69 Certificates of deposit: Convertible 434s, I960—FAA Certificates of deposit.. P L EAWVa Sys ref 4s'41 MAN 2.00% 4924 Atlanta A Charlotte Air Line— 1st mtge gold 5s 1946 1st cons 4s Mar 1 2002 Bef A gen 6s ser O 1995—JAD Certificates of deposit Bef A gen 5s ser £> 2000..MAS Certificates of deposit Ref A gen 5s ser F 1996--MAS 49 See Seab'd Air Line 1st M 4H*> 1944 ser A mtge g 4s, 1st mtge g 5s, Eq tr 434s ser D 1940-41._JAJ Eq tr 434s ser E1940-42— AAO Eq tr 434s ser F 1940-44.-MAN Bangor A Aroostook— 1st M 5s g Jan 1 1943.. JAJ Cons refund g 4s 1951 JAJ 3.00 Bonds Boston A Maine BR (Cont)— Equipment trusts— 334s 1940-1944 JAD 4s June 1 A Dec 1 1940-49... 4348 1940-1943 AAO 1st American Refrlg Transit— Equip 5s ser P, G A H, *41-*45 b Ann Arbor 1st g >s 1995 Q-J Ark A Mem By Br ldge A Term— Ask 78 Baltimore A Ohio— _ 1st M 5s 1964 MAS Aroostook Nor 5s g 1947 AAO Atchison Topeka A Santa Fe— Gen mtge gold 4a 1995 AAO Adjustment 4s July 1 1995 Nov Stamped MAN Conv g 4s of '09 due 1955. AD Conv g 4s *05 due 1955—JAD Conv g 4s of *10 due 1960. JAD Conv deb 434 s 1948—...JAD Trans S L 1st g 4s 1958 JA Cal-Ariz 1stAref4 34s'62 opMAS Rocky Mt Dlv 4s 1965— AJ Eq tr 234s 1940-1949 M&N b Athens Term By 1st g 5s '37-.JAJ Bid 81" 109 107 JAD Alabama Tennessee A Northern— Prior lien 6s 1948 JAJ / 10 Gen income 6s Oct 1948...JAJ / 34 Alabama A Vicksburg By— 1st M g 5s 1974 serieb A..MAN 7934 83 Albany A Susq 334s g 1946—AAO Alleghany Corp— Coll tr conv 5s 1944— FAA 7724 Coll A conv 5s 1949—.—.JAD 6834 5s stamped 1950 AAO f Al* 106 Allegheny Valgen 4s 1942—MAS Allegheny A Western— 1st mtge guar 4s 1998 AAO 5934 Bonds Augusta Union Sta 4s 1953..JAJ defaulted bonds 70 8034 7134 8034 7834 107 3.20 72 81 7124 8034 80 10734 2.50% RAILBOAJD 68 BONDS NOTICE—All bond price* 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 15 49% 103% 25 20 ist 4s 1948 J&D Central of Georgia— ' 1st M g 6s Nov 1 1945—-F&A f 10% 8% 33 31 Cons gold 58 1945——f Ref & gen 5%s 1959 ser B.A&O Ref & gen 5s 1959 ser O—A&O 7% 3% 6% 5% 6% 5% 2% 99% 7 6% 2% 100% 67 Chic St Paul Minn & Omaha 3.25 2.25 T1940-1952——J&J 4.50 3.50% „ 1947—J&J 1946 J&J 1st & ref g 5s Dec 1 '60 opt J&D 60 M&S 51 44% 44% 18 -J&J 17% 14% (yr)—F&A 2.50 Gen M 4s 1987 Eq tr 4%s 1940-'41 A&O J&J 1st mtge 3 %s ser E 1963—J&J Guaranteed 3%s 1951 M&S Chicago & Western Indiana— Consol gold guar 4s 1952._J&J 4s 1944 1st M 4s series D 1963. Guar , 17% F&A 11954—A&O 1960 F&A loan 4s 46--—M&S 1949 IV* 67 1st g guar 4s Oct Consol gold 5s 1952 M&N Cincinnati Hamilton & Dayton— General 5s gold 1942 J&D 51 50% .. 88% 1st & ref M 4%s D 1962—M&S Choc & Memph 5s 1949 J&J Choctaw Oklahoma & Gulf— 1.50% , „ 106% 106% 106% 101% 39 11* 53 5s stamped 57 % 1st ref 6s 1940-1976.-— Central-VermontRy—> 3.50 94 . 105 -——J&J J&J —J&J J&J 101 General 4s gold 1993 Gen M 5s ser B 1993 102% Ref & notes, 1942 1943 notes, 1944 notes, 1945 notes, notes. Equipment trusts— 4%s series W 1940 4%s 1940-1945 _ 103% 104% 104% 1.00 J&D 1.65 0.50% 1.00% 1.00% 2%s 1945-1949 2s 1940-1947 M&S Craig Valley 1st 5s g 1940.J&J 1.75 1.25- 1.65 111 h Chester! & Lancaster 5s '55--F&A gtd 1942—J&J gtd 1942._A&0 Ser B 3%s gen gtd 1942—A&O Ser O 3%s gen gtd 1948—M&N Ser D 3%s gen gtd 1950.-F&A Gen & rer 4%s 1977 ser A.F&A Gen & ref 4%s 1981 ser B..J&J Cleve Short Line4%s 1961—A&O Cleveland Terminal & Valley— 1st 4s gold guar 1995 M&N 2% 107 109 118 110 103 % 103 Chicago & Alton RR— Refunding g 3s 1949 A&O / 15% Chicago Burlington & Qulncy— Gen M 4s 1958 M&S 89 % 1st & ref 4%s ser B 1977—F&A 1st & ref g 5s 1971 ser A..F&A 84r Illinois Div 3 **s '49 op *29.J&J 95% 4s July 1 1949.... J&J 100 1.85 Eq tr 2 %s 1940-1947 A&O Chicago & Eastern 111 (new co)— Gen M 5s May 1951 M&N 19 Certificates of deposit. 17% Chicago & Eastern Illinois— 1st consol 6s gold 1934—A&O 117 Chicago & Erie 5s 1st g '82..M&N 83 % Chief Great West 1st 4s 1959.M&S 23% Equip tr 4%s "A" 1945—A&O 3.50 Chicago & Illinois Midland Ry 1st mtge s t 4%s ser A '56 M&S 104% Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J 58% 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 194t series O...J&J 13 1st & gen 5s 1966 series A .M&N 7 1st & gen 6s May '66 ser B.J&J 6% 3.50 Equip tr ser E 1940-1944.A&O Olinchfield — / Chic Indianapolis & St Louis— Short Line 1st 4s 1953 A&O Chic June RR 1st 4s 1945—M&S Chic June Ry & Un Stk Y tls— Coll tr ref 5s 1940— A&O Coll trust ref 4s 1940 A&O Chicago Lake Shore & Eastern— 1st M 4%s 1969 opt 1919.J&D Chic Memp & Gulf 5s 1940. _J&J Chic Milw & Gary 1st 5s *48. A&O 12 1* 60-yr 5s 1975 series A -F&A / Conv adj 5s Jan 2000 A&O Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989 J&J Gen g 3%s B May 1 1989.J&J Gen 4%s May '89 series C.J&J Gen 4%s May '89 ser E J&J Gen M 4%s May *89 Ser F. J&J Equip trust 3%s 1940-'53A&0 Eq 4%s '40-'43 E & F (yr)_J&J Eq 4Kb *40-'41 G & H (yr) J&J Eq tr 5s 1940 ser B (yr)._F&A Chicago & North Western— Gen M 3%s g 1987——M&N Gen M gold 4s 1987 M&N Stmpd non-pay Fed lnc tax.. Gen M 5s '87 stpd inc tax.M&N GenM4%s'87 stpd lnc taxM&N GenM4%s'87 stpd InctaxM&N 15-year 6%s Mar 1936 M&S 1st & ref 5s May 2037 J&D 1st & ref 4Kb May 2037—J&D 1st & ref 4Ha May 2037 O J&D Conv g 4ns 1949 ser A...M&N Equipment trusts— 4%s series U 1940-43.-M&N 4Kb series V 1940-44—F&A 100% 100% lW* 28 1st & ref gold 4s 64% 67% 85 53% 46% 62 53% 51% 64 100 95% 106% 100" 107% 105% 102% !04% 84% 114 7% 2% 22 25% 25% 26 7% 2% 24% 22% 25% 88% 81% 73% 89% 82% 2.25 105 74 16 34% 5.00 5.00 13% 13% 13% 14% II* im 14% 16% 8% 8% 8% 3% 39 3.50 3.50 3.50 3.50 2.50 Gen M 5s 1973 ser O Gen 4%s 1976 series D Gen 4%s 1977 series E 41 P 3^ 4l" 16% 11 45 45 25 104% 102 an ^ 45 ^ IV* 33 Eq tr 4%s 1940. Greenbrier Cheat & Elk— 1st 5s 1944 J&D J&J W Va Midland Ext 5s '54.J&J Greenbr Ry 1st g gu 4s '40.M&N Green Bay & Western— 94% 92 100% 105% Guantanamo & Western— 1st M 6s 1958 series A Gulf Mobile & Northern— 61% 1st 5%s 1950 ser B 1st 5s 1950 series O 3.25 9% 10% 107 79 3.50 2.50% 78 105% 98% 89% 80% 80 102% 90% 72% 1.85 105% 99% 91 82 82% 103% 91 l?of 1.00 b 0.50% 1.00 0.50% 91 95 82 85 102 64 9 8 J&J 47 50 A&O 67 89 A&O 81% Equip tr 2%s 1940-1946—J&D Gulf & Ship Island BR— 1st ref & term g 5s Feb '52. J&J Stmpd (July 1 1933 cpn on). 2% 2% 89% 93% 103 77% 58 Debenture ctfs A Feb Debenture ctfs B Feb 13 98% 95% 104 Cen tral 88 Eq tr 2s 1940-1947 M&S Eq tr 4%s" 1940 D(yr).... J&J Western Fruit Express— 11 46 20% J&J J&J Gen mtge 4s ser G 1946 30 16 43 Gen mtge 4s ser H 1946 J&J Gen mtge 3%s ser 1 1967—J&J 42% 31% 15% 113 J&J 115 11 • 103* 14% 8% J&J 105% 36 2% 9% 51 Gen 4s 1962 Can Govt gu..J&J Grand Trunk Western— 1st g gu 4s $ July 1 1950...J&J 83 90 2.25 1.75% 95 90% Gulf Terminal of Mobile— 68 1st mtge g 4s 1957 gu J&J .71J* Harlem R & Portch—See NYN H & Ha rtford Harris Ports Mt Joy & Lane RR 108 Ext 4s 1943 J&J 46 50 Hoboken Ferry 5s 1946 M&N 6 4.00 4.00 64 95 Hocking Valley 4%s 1999 J&J Holidaysburg Bedford & Oumb 1st M g 4s 1951 guar ...J&J Holyoke & West 4%s 1951—A&O 54% Housatonic 22% 35 119 97 Hudson & Manhattan— M&N 1961 Eq tr 2%s J&J 1964 M&N 1940-1947 Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J Dext & Piscataquis 2.50% 2.50% 2.50% 2.50% 2.00% 10^ (Mountain and/Prairie)4s 1955 (Lake Superior) 4s 1955 1st 4s Feb 15 *42 Alb gu.-M&N 92 16% 4% 28% 37% 3%. 2% J&J J&J Grand River Valley—See Michig Grand Trunk Pacific— 1st M 3s 1962 J&J 40 1st 5s Mar 1 9% 3% 2 Great Northern— 1st & ref g 4%s '61 opt *41.J&J Gen M 5%s 1952 ser B J&J 111% 4 %s '49.-J&J Duluth Mlssabe & Iron 98 100 101% 2.10 105 64 106% 1st gold 5s 1937 -J&J Dutchess Co RR 4%s 1940 J&D East Penn 1st 4s 1958 M&S East Tenn & Western N O-— IV* 78 k Last sale, n 1.60% Nominal, r 5s 1937 M&N F&A Adj inc up to 5% Feb '57.A&O 1st M 4%s 1957 conv F&A Huntington & Broad Top Mt RR & Coal extend 6s 1940 A&O Extended 5s 1940—......A&O 107% 1st gold 4s 1951 1st gold 3%s 1951 1st extended g J&J J&J 3%s 1951--A&O 1st g 3s sterling 101 17 47% 43 45% 12% Wi 47 % Illinois Central— 69" Range— 1st mortgage 3 %s 1962—A&O Duluth South Shore & Atlantic— 1st extended 5s 1965.....M&N con 1st gold 5s 1957 opt Detroit Toledo & Ironton— 17% 9% .... 2nd ext 6s 1979 —-M&N Gouvernour & Oswegatchie— 1st 5s 1942... J&D Grand Rapids & Indiana— 3% 49% 1st guar 4%s 15 / —_ 100% 2nd Mort. gold 4s 1995—J&D Detroit Terminal & Tunnel—* 4.25% 4.25% 4.25% X__25 Eq tr 5s Dec 14 1940-'43 (yr)-_ Grays Pt Term g 5s 1947 J&D 110 28 8% 7% 4.00% 100% 1.75% 11 3 51 59 76 18 Ga RR & Bkg ref 6s 1951—-A&O 4s Jan 1 1947 J&J Ga Sou & Fla 1st g 5s 1945—J&J 1st 4%s 1941— 1st 3%s 1941. 80 *56 101% 4%s 1982 Det & Mack 1st lien 4s 1995. J&D 3.25% 5.00 con Ctfs of dep for gtd 4sl935_J&J Des Plaines Val 4%s 1947.-M&S 28 4.00 con g 5% Georgia Carolina & Nor— Ext at 6% to July 1 1934——— / Georgia & Florida RR— 1st M 6s 1946 series A...M&N / Certificates of deposit '/ Georgia Fla & Ala 1st 6s '52.F&A / Georgia Midland 1st g 3s '46.A&O 54 33% 101% 2 43% 53% 7% J&J Secured notes 3s 1940-1945. J&J 4s 1936 —J&J con g 4%s 1936 J&J Denver & Rio Grande Western— Gen income 5s Aug '55—F&A Assented subject to plan Ref & impt 5s 1978 ser B—A&O Eq tr 4%s 1940-'42 (yr)._M&N Equipment trust 5s Denver & Salt Lake Ry— Inc mtge 6s Jan 1 1960-An Apr lsi 4s 1950 J&J Dei Moines & Fort Dodge— 1st 1st 3.50 54 Deb 5s 1952 —A&O Girard Point St'ge 3%s '40—A&O Goshen & Deckert'n 1st 6%s 1978 108 105 106 80 2.75$, 101% 101% Ga & Ala Term 1st g 5s 1948. J&D " Denver & Rio Grande— f This price Includes accrued interest, 1943—_M&N Equip trust 4s Apr 1 1940-'49— 6 101% 5 * Dec 15 1940-1949 75 v 101% Delaware Lackawanna & Western Chic Milw St Paul & Pac RR— 4%sseriesW 1940-44—M&S \s series X 1940-45—F&A 109 Delaware & Hudson— 107% 3.50 Certificates of deposit.. Fort Dodge Des Moines & Sou— 1st 5s 1938 J&D Fort St Un Dep Det 4%s *41. J&J Genesee River 6s 1957 J&J Ga & Ala 5s Oct 1945 J&J _ 63 105 Amended 1st 1.60% 108 60 \IK 17 Certificates of deposit Eq4%s 1940-'41 H (s-a).M&S Florida Southern gu 4s 1945.J&J Florida West Sh 5s 1934 IJ&J RR— Equip tr 2%s ser A '40-*62-M&S 78% Coal Rfv Ry 1st 4s gu 1945. J&D 85 Goeur d'Alene& Pend Oreille Ry— 5s 1960 —J&J 96% 100% Colo & Southern 4%s 1980.M&N 1.35% Col & Pt Deposit 4s 1940. —F&A Columb & Hock Val 4s 1948.A&O 20 Colum & Toledo 4s 1955 F&A 181 Concord & Olaremont 5s '44.J&J Connecticut & Passumpsic Rivers 1st gold 4s 1943 A&O Conn River gold 4s 1943 M&S Connecting Ry (Phila)— 1st M gu 4s Mar 15 *61-M&S 15 2.50% 1st 5s 1951 M&S Consol Rys (N H) deb 4s '54.J&J 105% Deb 4s 1955 J&J Deb 4s 1955 A&O 67 Deb 4s 1956 guar J&J J&J 17% Cuba Co extend 3s 1955. 14% Cuban Nor Rys 1st 5%s, '42 J&D Cuba RR 1st g 5s 1952 J&J 7 %s extended to 1946 J&D 6s extended to 1946—-—J&D Imp & equip 5s 1960 2.50% M&N D&nbury & Norw ref 4s 1955.J&J 15 Dayton Union Ry 1st 4s '49.J&J Del & Bound Br 3%s 1955..F&A *11* WA Monon Coal— 1st s4 5%s 1972 series A..A&0 1st M s f 5s 1973 series B__ A&O lsts f 4%s 1977 series C..A&0 16% i?* M&S —Gen ref gold 4s 1950———J&J 1st cons ref 4%s '52 opt—M&N Cleveland Union Terminals— ■ Non-cum inc 5s 1955(w-s) J&D Ser A 4%s gen Ser B 4%s gen 1.25 1.75 101 1945—F&A Potts Creek 4s 1946— J&J R & A Div 1st con g 4s '89. J&J 2d con g 4s 1989 J&J Warm Spr Val 1st 5s g *41-M&S Paint Creek Br 4s 5s gold-1943 Proof of claim filed 108% 21 Fonda Johnstown & Gloversv— Cleveland & Pittsburgh— _ -A&O M&N 3s 1940-1946 2.10 J&D imp 4%sser E 1977.J&J O W & M Div 1st 4s g '91—J&J St L Div 1st col tr g 4s '90 M&N Spr & Col Div 4s 1st g '40-M&S White W V Div 1st 4s *40—J&J 103 J&J . 99% 99% cons 1st & ref 5s 1974 95 Cl'field & Mah 1st gtd 5s '43.J&J Cleveland Akron & Columbus— 1st cons guar g 4s 1940..-F&A Clev Cine Chic & St Louis— 124 98% 107 % 100% 1st Proof of claim filed 1st M 3 %s ser D 1971 M&N 1st mtge 3%s ser E 1969--F&A 123 % 99 1946---—---J&J 46 Cincinnati Union Terminal Co 30 Chattanooga Sta 4s 1957 gu—J&^ Chesapeake & Ohio— General 4Kb gold 1992—-M&S Ref & imtp 3%s D 1996- M&N Ref & .mpt 3 %s ser E 1996 F&A Ref & impt 3%s ser 1963 J&D notes, 1940 J&J notes, 1941 _ 13% 99% - 28 Florida Central & Peninsula— 103% Cinn&Muskingum Valley' 1st 4s 1948 —F&A Clnn New Orl & Tex Pacific Ry— Eq trust 2%s 1940-52 A&O Cin Northern RR 1st 4s 1951-J&J 85 Eq tr 5s Dec 14 1940-1944 (yr). b Charleston & Western Carolina— 1st 5s 1946--—-—-A&O Chatt Rome & Sou 1st 5s 47 J&J 44 M&N 1st consol gtd 4s 1942 IS 21 20% A&O 90 95% itH Gen lien gold 4s, 1996 J&J Conv gold 4s 1953 ser A..A&O Series B 1953 A&O Series D 1953 Ref & imp M 5s 1967 Ref & Impt M 5s 1975 90 57 J&J 90 Cincinnati Lebanon & Northern— 60% 57 .. 1996 M&N A&O Eq 4%s '40-'41 LL (s-a)_-M&S Eq tr 4%s 1940-'43 (s-a)._M&S Erie & Jersey s f 6s 1955 J&J Erie & Pgh g 3 %s B 1940 J&J 3%a series C 1940 J&J 106% 107% 107% 105% 80 Cin Ind & West 1st 5s 1965.M&N Central RR & Banking of Ga—■ Coll tr 5s ext'd to 1942—M&N Central RR of South Carolina— 1965 99% Florida East Coast 4%s '59-J&D 12% f 104 107 1.50% 104 52 Chicago Union Station— 91%- 106%- Wililamspbrc— El Paso & R 1 1st gu 5s 1951-J&J El Paso & Southwestern RR— 1st & ref 5s 1965 A&O 62% Inc mtge 5s Dec 1 1960 5 Central of New Jersey— Gen M (now 1st) g 5s 1987. J&J Central Pacific— 1st ref 4s g guar 9 6% 7% 6% 4% 4% Oconee Div 1st 5s 1945---J&D Cent New Eng 1st gu 4sl961 J&J & 1st 6s 1910 ext at 4% 1950.J&J 5s 2862 A&O 74 5% 2.00 Eq tr 2 %s Dec 1 1940-49. Erie prior lien g 4s O 102 105% Income 3.00% 71 105% Columbia Ry 4%s 1944.-A&O Elgin Jol & East 5s 1941. ..M&N Elmira Ask 91 Nor Div 1st g 48 1948 A&O Edmonton Dun vegan & British Chic Terie Haute & Southeast— 4.50 Bid East Tenn Va & Georgia— Consol 1st g 5s 1956 M&N Eastern Ry of Minnesota— 80 54% Eq tr 4Mb 1940-1944 A&O b Chicago South Sh & So Bend— Sink fund 3s ser B 1963 J&J Mobile Div g 5s >s 5 60 2.25 Mid Ga & Atl 1st 5s » Basis. ~6 70 3.25 Chatt Div gold 4s 1951-—J&D Macon & Nor g 5s 1946—J&J - 14% 12 J&D Div 1st 4s 1951 Bonds Ask 13% -M&S M&N Equipment trusts— 4%s series P 1940 4 %s series Q 1940 Guar g 5s European Mem k 3 Bid Chicago Rock Island & Pac Ry— General gold 4s 1988 J&J Certificates of deposit Ref g 4s 1934 opt to 1911.. A&O Certificates of deposit Sec 4%s 1952 ser A M&S flee 4% ser A certifofdep 30-yr conv 4%s 1960 M&N Trustee ctfs 3 %s 1947....—.. Chicago St Louis & N O— Con g 5s June 15 '51 J&D 15 Con g 3%s June 15 '51.J&D 15 109 102% 1st 6s 1940 --J&J Central Branch Union Pacific¬ 4s series 60 108% Carthage & Adirondack— 1st mtge guar g 4s 1981 — J&D Oatawissa RR g 4s 1948 A&O Central Arkansas & Eastern—• Bonds Ask 40 1949—J&J!/ Caro Cent 1st g gu 4s Oaro OUncb & Ohio 6s '52.J&D 1951 14 Coll trust 88 Ref g 4s 1955 opt 1918. gold 4s 1952 M&S A&O _M&N Pur liens 1st g 3%s 1952—J&J 80 Payable in Canadian funds. 89 86% 86% 37% 46% 47 39% 91 68 46! 51J 42 J JAN., 1940] RAILROAD BONDS 69 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 o ftssue Bonds Bid Illinois Central—(Concluded) Collateral trust 4s 1953 MAN Kef mtge 5s 1955 MAN Ask 45 54 Unified gold 4s 1940 1st A ref 5s 2003 ser B 45 1st A ref 4 Ms 2003 ser 80 85 1st A ref 4s ser 70 l«t A ref 3 §4 s <<er E 2003—AAC Eq tr 254s 1940-54 Coll trust 3 Ms 1950 JAJ Louisv Div 3)48 g 1953 JAJ Omaha Div 1st 3s g 1951—FAA St Louis Div g 3s 1951 JAJ 60 63 Gold 3 Ms 1951 JAJ Sp'field Div ext 3 Ms 1951 JAJ Western lines g 4s 1951 PAA Equipment trusts— 3s ser R, 1940-1952 MAS b 60 Atl K A Cin Div 4s 1955. .MAN b 1.75 1.75 b 2.25 b 2.10 48 M 1st 1st mtge A coll 4s ser Conv gen 4 Ms ser A Secured 6s 1959 1st 112 55 61 JAJ / 12 13 K BIAS 1st M g 6s 1952 series A JAJ AdJ M 6a July 1952 ser A.Aprll JAD b 4)48 series B 1940-1942.AAO b Internat Rys (Central America)— Purch money 5s 1972. -JAJ 1st M 5s 1972 opt BIAN 1st 1 Aref 6Ms 1947 .FAA Debenture 4s 1961 JAD Iowa Central 5s ctft 1938—JAD / 1st Aref g 4s 1951 MAS / Gainesville IK 1.00% 1.50% 2.50 80 84 95 99 K M 5s 1978 3M 105" 64 1.75 , 65H 1.25 2.25 1.75 108 M 109 ,95M 75 81M 75 107 86 M 88 MAN f f —JAJ 43 45 Lehigh Valley Term 5s 1941. AAO 49 M 49 M 5s assented 1941 Lehigh A N Y 1st 4a 1945—MA8 Lex A East'n 1st gu 5s 1965..AAO Lincoln Park A Charlotte— 26 117 JAJ 55 Litchf A Madis 1st 5s 1959-MAN Little Miami guar 4s 1962.-MAN i§x 48 54 39 M 120 H 65 101 Little Rock A Hot Spr West Ry— 1st gold 4s 1939 guar JAJ f Long Dock cons 354s 1950—AAO f Long Island— MAS 72 K ... b Louisiana A Ark 5s A 1969--.JAJ Equip trust 354s to 1946..AAO b Louisiana A North West RR— 1st M gold 5s 1935 AAO f Louisville Henderson A St Louis ~2% 26 55 71 63 M 3.00 2.00% f f f f f f f 2.50% 29 M 14 Vs UK 13 K 14 M UK 13 K UK 13 K 14M 13 K 14M MAS f MAS MAS MAS b I Eq 4Ms 1940-1942 (yr)—JAJ15 b Montgom Div g 5s 1947—FAA f 2.00% 2.00% Montana 107M exchange rate of 4.8665. 66 1.25% 2.00% 2.25% 354 70 57 K 80 M 81K 75 FAA 3-yr6s ext'd notes 1941—.AAO 2 Ms MAS b JAJ b 1940-1947 3s 1940-1951 77 2.50 3.00 4s 1940-1949 MAS b 3.25 New York Connecting RR— ist M 4 Ms 1953 series A FAA 105 1st guar 5s 1953 series B FAA 106 York A Erie RR— 1st 4s ext g 1947-.-.—..MAN 2d ext 5s 1939 .....MAS 3d 2.00% 2.50% 2.50% 105M 107 90 75 mtge 4 Ms 80 MAS 1938 Guar g 5s 1940 MAN UK N Y A Har 1st g 3Ms 2000—MAN N Y A Hob Fy 5s May 1946-JAD New York Lack A Western— 100 M 33 M 1st A ref 4s A 1973—.MAN 53 H 1st A ref 4 Ms 1973 ser B—MAN New York A Long Branch— 62 M ser 63 60 87 28 General 1st 5s 1941 MAS NY A NE Bos Ter 4s 1939—AAO N Y New Haven A Hartford— Deb 6s Jan 15 '48 conv..JAJ15 73 75M 19 M Deb 4s May 1 1957 MAN Deb 4s July 1 '55 non-conv JAJ Deb 4s 1956 non-conv MAN Deb 4s 1947 non-conv.-.MAS Deb 3 M« March 1947 MAS Deb 3 Ms 1954 non-conv-_ A AO 16 H 16 K 15 1950 conv 1st A ref 4Ms 1967 5M 15 K 15 15 JAJ AAO JAD 31 18M Equip.trusts 3s 1940-1951 MAS 3.00 4Ms9-15-40to3-15-45MAS 15 4 Ms 1940-1946 JAJ 3.00 3.00 2.50 Har Riv" A Pt"6hes4s'54 MAN N Y A N J Ferry 5s 1946 JAJ 92 II* 60 M 40 New York Ontario A Western— Ref 1st g 4s June 1992....MAS Gen M g 4s 1955red JAD New York Pennsylvania A Ohio— 5K 3 Prior lien ext 4Ms, 1950..BIAS / New York Phila A Norfolk—• Stock trust ctfs 4s 1948 JAD 33 M 3.50 3.50 2.75% 2.75% N Y Prov A Bos 4s 1942 AAO N Y A Putnam 1st 4s g 1993.AAO 19 M 24 N Y Short Line 4s 1957 FAA N Y A Stamford 4s 1958—MAN 55 New York Susq A Western— 1st refunding 5s 1937 JAJ 2d mtge 4Ms 1937 ..FAA 42" "i Gen mtge. 5s g 1940 105 M 117 121 106 40 MAS 88 JAJ 45 Montgomery A Erie 1st 5s 1956— Montour RR 1st 5s 1963 103 FAA Morris A Essex 3 Ms 2000—JAD 40 54 Constr'n 5s 1955 ser A 37 MAN Constr'n 4 Ms 1955 ser B.MAN 35M Nashville Chattanooga A St L— 1st M 48 1978 ser A FAA 67 M Eq tr 2 Ms 1940-1952 2.50 MAS 6 f Price includes accrued interest, / -FAA f Term 1st g 5s 1943 MAN N Y Westchester A Boston Ry— 1st M g 4Mb 1946 guar...JAJ Norfolk A Car Wyoming A Southern— 2nd 5s 1946—JAJ Southern— 1st A ref g 5« *61 opt '15-.FAA 1st mtge gold 5s 1939 Montauk Ext 1st 5s 1945 6 Basis, 82 H 65 57 Equipment trusts— 15-year secured 6s 1940 2% Monongahela Ry Co— 1st mtge 4s ser A 1960 MAN Monongahela Sou 5s 1955—AAO Gen 6s 1955 AAO 14 K 57 JAJ .—JAJ 89 UK 77 M 70 61 JAJ JAJ 89 28M 1.60% 2.00% 81M 63 K MAS Deb 3 Ms UK 13 K 2 K 3M 1st guar g 4s 1991 ..MAS Consol gold 3Ms 2002...MAS Monon Coal—See Chic Ind & Lou 106 2.50 General gold 4s 1941.....MAS Mo Pac (old)—Gen 4s 1975.MAS f MAN f 16 M 7H 29M 3.00 Gen gold 4s, 1938- 64 7 M 3.50 b Ref A impt 4Ms 1977 Secured 5a 1938 Eq tr 4s 1940-1943 b 95 JAD New 75 2.00 4s small 1945 Mobile A Ohio— IK 103 2.75 3d ext 4s July 1 1938 2.00 2Ms Mar 151940-1952 3 50M b Mobile A Birmingham' Prior lien 5s. 1945 5s small 1945 Gen M g 4s 1945 6M 23 A* 40 58M MAN b Ref 4Mb 1978 ser O 10-yr 6s coll tr 4s 1940 6M 5M 6M 77 K 85 K July 1 1997—JAJ New York Chicago A St Louis— 1st 3 Ms extend 1947 AAO Ref 5Ms 1974 ser A AAO 70 b , 37 59 M 3 Ms 1959 N Y Cent equip trusts— 4 Ms 1940-1945 54 Mohawk A Malone— 82 % 2.75 X I 85 89 87 K 87 K 2.75 2 15 15 _ Certificates of deposit P 106 Guaranteed gold 4s 1945..MAS \ 6M 2M 18M Secured 5Ms 1939-1950...JAD Equip trust 5s 1940(yr)._-MAS Eq tr 4Mb '40-'44 F fyr)—MAN Equip tr 2 Ms 1940-1949.-FAA 17M 554 IK 14M 15M 16 it* 13M 30M 18 Certificates of deposit Conv g 5Ms 1949 ser A...MAN 14M 16 K 1654 28 72 60 M sec s 3 Ms conv New York Central A Hud RIv- JAJ 70 53 M con 3454 It* f 1940—AAO secured 1952 MAN JAJ 43 K Gen 56 New York A Greenwood Lake— 1st A ref 5s 1978 ser G-MAN Certificates of deposit 1st A ref 5s 1980 ser H...AAO Certificates of deposit 1st A ref 5s 1981 ser I FAA 63 1st mtge gold 5s 1946 JAJ Louisville A Jeffersonville Bridge 38 10-year 354s RR 1.60% 51M 14M 14M 99 M 67 % M O coll tr g 3Ms 1998 FAA Spuyten Duyvil A Pt Morris 2.10 68 \ 72 14 M 29 M Ref A impt 4 Ms 2013 A...AAO Ref A Impt 5s 2013 O AAO 73 43 M b 15 Unified g 4s. 1949 70 45 34 D.JAJ Adj M 5s Jan 1967 ser A—AAO f Eq tr 2 Ms 1940-1952 FAA b Missouri Kan A Texas Ry Co— 1st gold 4s 1990 JAD Mo Pacific RR (new company)— 1st A ref 5s Jan 1965 A FAA f Certificates of deposit f 1st A ref 5s 1977 ser F—_MAS f 80 JAD BIAN f Refunding mtge 4s 1949—MAS 4s stamped 1949 MAS Equip tr4Ms 1941-45 (yr).FAA 40 Ref g 3 Ms Prior lien 5s 1962 ser A Prior lien 4s 1962 ser B Prior lien 4M« 1978 ser 82 13 100 22 M 34 H New York Central RR— Cons mtge 4s 1998 ser A..FAA 12 66 25-year 5 Ms 1949 MAS Minn Terminal 1st 3 Ms *50—JAJ Minn Transfer Ry 3Ms 1956.JAO Missouri Illinois Bridge and Belt RR cons 4s 1951 —JAJ Mo-Illinois RR 1st 5s 1959..JAJ 96 M 69 67 K Deb 4s 1942 tax-exempt—JAJ L 8 coll tr g 3Ms 1998 FAA Missouri-Kansas-Texas f 5s 1939 100 H 12 M Equip trust 2 Ms 1940-1949FAA Mo Kans A Okla 5s 1942...MAS gold 4 Ms 2003..MAN f 4 Ms assented 2003 f 1st 4 Ms gold 1940 4 Ms assented 1940 63 45 1st cons gold 5s 1938 JAJ 1st cons 5s 1938 gu int JAJ 2d M gold 4s guar 1949...JAJ 1st ref 6s 1946 series A— JAJ 1st ref 5Ms 1978 ser B JAJ 65 _JAD Lehigh Valley Ry of New York 99*ii Minn St P A Sault Ste Marie— 1st cons gold 4s 1938 JAJ 72 70" 2" ' 58 75 Ref A ext 5s Feb '62 ser A.Q-F Certificates of deposit 67 K 60 16 . 88 29 H 15 31 con 5s assented 2003 63 33M M 73 Certificates of deposit 39 1st M 5 Ms 1954 series A—AAO 40 36M Certificates of deposit.. 30 39 1st 5s 1956 series O .FAA 34M Certificates of deposit fk 32 54 Dec 7 1st M 4 Ms 1950 series D..FAA 33 54 31M Certificates of deposit Equip trust 4 Ms 3".00 Newport A Cincinnati Bridge— 1st M g 4Mb 1945 guar 107 JAJ 90 Newport A Richfor Is 5s 1941.. 27 29 M Gen gold 5s 2003 91M 35M 53 AAO 49 Minneapolis Northfield A Southern Ry 1st 6s '41.-MAS JAD gold 4s 2003 58 4M8 1939 JAD / JAD / Sparta A NW 1st 4s 1947MAS / 88 M Lehigh valley— 4s assented 2003 1st 58 1954 series B 68 K 68 33 M 98 MAN A.. JAJ Con ext 4Ms 1939 28 FAA 1st gold 4s 1948 K 65 M 89 M JAD / 29H ref 3 Ms 1997 JAD Leamington A St Clair 4s *45 AAO Lehigh A Lake Erie 4 Ha '57.MAS Lehigh A New England— 1st M gold 5s 1945 JAJ Gen mtge 4s ser A 1965... AAO Con M 68 ann irred Con M 4Mb ann irred 82 K 99 JAJ JAJ / Ref A impt 4Ms 52 ser New Orl Term 1st 4s 1953.-JAJ New Orleans Texas A Mexico— Non-cum Inc 5s '35 ser A..AAO Certificates of deposit 113 K scrip ...1951 f MAN f New Eng cons 4s 1945 gu JAJ / Consol g 5s July 1 1945 JAJ / New Haven A Northampton— Ref cons 4s 1956 JAD / N J June 1st 4s gu 1986 FAA N J A N Y 1st ext 5s 1950—MAS / General 5s Jan 1 1938.... ' Extended at 5% 1940 MilAState Line 1st 3 Ms 1941. JAJ / Minneapolis A St Louis— 5s ctfs of deposit 1934 MAN / 1st refdg gold 4s 1949 MAS 65 g 1st mtge 5s 1954 coupon Assent cash warrant and Income deb 5s 2032 New Orl A Nor East 6s 1915 Milwaukee A Northern— 51K 107 1st mtge 5s ext at 3 % to '47 JAJ 2d 5s 1941JAJ Lake Shore A Mich South- Eqm ptr 4 HsG 1940-45—MAN Lehigh Valley Harbor Term Ry— 1M f off..1951 f — 50-year 1st 5s 1983 48 43 5% to 1940 AAO Midland Valley 5s 1943 AAO Adj M Apr 1 *53 ser A Sept Adj 5s sales 3 1953 Sept.—.. 80" at 1554 46 M Valley— (Foreign series) 1960 HM oo —JAJ „ K 1951. New Lon Nor 1st 4s 1940 JAJ New Orleans Great Northern— f ext at 106 M t Secured interest 83 H Midland of New Jersey— 100 4 Ms plain 1961 JAJ 1st mtge 4 Ms unguar 1961.JAJ Lake Erie A Western RR— » 2.25% 2.25% _ a —JAD 1944 M on of Mexico— 1st ext Kentucky Cent 4s g 1987 JAJ Kentucky A Indiana Term RR list gold 4 Ms 1961 JAJ t4Ms stamped 1961 JAJ , 2.75 50 1st 4s 1940 JAJ Middlesex Val 1st 5s 1942..MAN Midi RR 4% franc bonds IK Mil gef A Impt 5s Apr 1 1950.-JAJ cons 52 M 76 2.75 Michigan Air Line— "5M 4 1M oo q tr 3s F Jan 1 1940 1943.. 3s 1941-1946 JAJ Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 JAJ Kansas Oklahoma A Gulf— Gen » Joliet A Northern Indiana— 1st 4s 1957 JAJ 45 50 Kalamazoo A White Pigeon RR 1st gold 5s 1940 JAJ Kanawha Br A Ter 5s 1948.AAO Kana A Mich 1st 4s 1990—AAO Kan City Ft Scott A Memphis— Ref g 48 1936 guar AAO Certificates of deposit Kan O Mem A Bir 4s 1934—MAS Income 5s Mar 1934 Sept Kan City Sou 1st g 3s 1950 Cong > 1st 4s 1959 ...MAS Jackson Lansing A Saginaw 1st 3M8 Sept 1 1951—MAS 82 81M Grand River A Jamestown Frank A Clearfield 1st g 4s 1959 guar JAD Joliet A Nor Ind—See Mich Cent Joplin Union Depot Co— 1st g 4 Ms 1940 guar opt.MAN 1st ser..JAJ 4s Asst(cash warr A coup). 1977 Michigan Central— Ref Aimpt4Ms 1979 ser O. JAJ 1st gold 3 Ms 1952 MAN 13 % Gulf Ry 1st. 58 1951.. AAO / 2 Jackson Lansing A Saginaw See Michigan Central Jacksonville Terminal— 1st A gen mtge 5s 1967 ...J&J v—4 Ref A ext 5s ser A 1967—JAJ rH Ref A ext 6s ser B 1967—JAJ v-4 5s June 1 78 Mexican International 13 K 2.00 K Assent cash warrant and receipt No 4 on Naugatuck 1st 4s 1954 M'shfleld A S'east—See Wis Cent .16.... 12 54 1254 Equipment trusts— "4 Hs ser A 1940 ist 75 49 M 72 A '45 JAD 1960-JAD 1st g gu 5s Nov 1 1959—MAN eridian Term 4s '55 guar.MAN pf 1977. f Prior lien 4 Ms assent cash warr't A scrip ret No 4 on '26 f 1st con 4s(Apr 1914 coupon on) April 1914 coupon off 1977.. f April 1914 MAN Manitowoc Green Bay A Western 1st gtd 3Ms 1941 -JAJ Maryland A Pa 1st g 4s '51.MAS 1st cOns A 6s 1963 AAO 105 JAJ / JAJ f 1st M 5s 1956 series B 1st M 5s 1956 ser O Jacksonville 93 Memphis Union Station Co— Kef A imp M 3 Ms ser B '86 Internat-Great North Ry— K Gtd gen s f 4s (Apr *14 coup on) f 71M 92 Manila RR Sou Lines— 1st 4s extend 1959 106 Indianapolis A Louisville— - 70 Maine Central— Indianapolis Union— - JAJ JAJ 1947 K receipt No 4 on 1957. f scrip receipt No 5 77 54 106 M / / K K K scrip 85"" National RR 105 Equipment trust 5s Equipment trust 5 Ms JAJ 1956 5s Macon Terminal 5s 1965 100 95 101M 101M 106 M 75 1 1 Assent cash warrant and Macon Dublin A Savannah— 44 K JAJ JAJ July 1914 coupon on 1957.. July 1914 coupon off 1957 1.75— 81M 110M 1945--MAS Monon collateral 4s, 1952 JAJ LAN Term 1st g 4s *52 gu JAD 48 M 44M 86 M 2.2 105 102 M Mob A Mont 4 Ms Southern Ry joint 2.00% 1.00% 1.25% 1.25% 1.25% 1.75% 1.60% 1.50 100 K 92 54 100^ 10054 St Louis Div 2d 3s 1980—MAS Bid National Rys* of Mexico— Prior lien 4 Ms— Jan 1914 coupon on 1957.... / 83 8M ) Pad A Mem Div 1st 4s '46.FAA 2.50 b 100 92 M 86 M JAJ 57" 1.75 4 Ms series C, 1963 JAD Indiana Bloomington A Western— 1st ext 4s 1940 AAO / Indiana Harbor Belt RR— 1960 Coll trust 4s 76" b IU Cent RR Co A Chic St L A N O RR Jt 5s, A, 1963—JAD 4s Bonds Ask 101"m JAJ AAO O—AAO D 2003...AAO Six b 4MB ser L, 1940. __AAO jsser M, 1940-1941..MAN is ser N, 1940-1941—AAO is ser O, 1940-1942—-JAJ is ser P, 1944 AAO 4s ser Q, 1940-1944 FAA 1st guar Bid 44 il* Aug 1 1966. PA A Carlo Bridge 4s g 1950—JAD Litch Div 1st g 3s 1951 JAJ 40-year 4 lis Genl mtge 4s 1957 Gen mtge 4 Ms 1957 Indiana Illinois A Iowa— 1st gold 4s 1950 Bonds Louisville A Nashville— 79 95 M 78 50 99 M 40 9 5K 554 38 K JX 98 Norfolk Certificates of deposit...— Norf A South 1st 5s 1941.MAN 1st gen g 5s 1954 opt 41M 40 36 JA J Norfolk Term 1st gu 4s '61-MAN Norf Term A Transp 5s '48-FAA liK UK 54 22 107 115 70 M 2.00% k Last sale, n Nominal, r Payabls in Canadian funds'" BONDS RAILROAD 70 NOTICE—All bond prices are "and Interest" except where marked Quotations for all securities are as near as possible for tbe closing day of 1st con 4s 1996- Norrist"n & Maine 1st 4s *62 Nor Cent 6s 1974 ser A 4J^s 117 118 115 6s— A&O 42M Eq tr 3Ms Apr 1 1940-1946 6 4.50 Eq tr 2Ms 1940-1946 J&D b 4.25 Pitts Young & Ashtabula— 1st gen 4s series A 1948---J&D 106 1st M 5s 1962 series B F&A 110M 1st M 4Mb 1960 ser C 80 105 M M&S M&S A'74.M&S Gen & ref g ser Northern Ohio Ry 1st guar jri „ Apr 1 1936 & sub coups 1945-- / 48 Oct 1938 and subs coupons '45- / 87 Ctfs of deposit stamped— Apr '33 to Oct '34 cpns 1945- fk 38 36 Apr '33 to Oct '38 cpns 1945- / 45 1st gen 5s 1974 series ,T 15 Dec 40 Northern Pacific— Prior lien g 4s Jan 1997 Gen lien g 3s Jan 2047 Ref & imp 4Mb 2047 ser 66 M 40 Vs Q& J Q&F A. J&J Guar 45% 56 Vs 49 3.75 2.10 1.60% Raleigh & Augusta Air Line— 1st 5s 1931 J&J/ 67 2.10 1.60% Ral & Gaston 1st 5s g 54 10 f — 78 81 / 31 31 54 73M 72 M 2.25 Jer Cent 4s 88 9M 55 65 F&A J&D 1st M 4Mb 1950series O—J&J »Ore RR & Nav cons 4s 1946.J&D Ore Short Line 1st 5s 1946--J&J 1st cons guar 5s 1946 J&J Oregon-Washington RR & Nav— 1st & ref g gu 4s '61 opt--J&J PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938--F&A 2d ext 5s gold 1938 J&J 4 6 4 6 116 il8M 105 . 105 % 75% 80 70 80 65 101 % Cons mtge 4Mb 1939 Cons 1st extend 4Ms'49 Cons mtge 4s 1939 Cons extend 4s 1949 .... ■ 60 103 M 104 M 102 M 104 % 104 M 105 % 106 63 55" 52" 59 61 55 50" 100 96M 94 55% 73 M 1.75% Pennsylvania RR— Con M 4s gold 1943 M&N Con M 4s gold 1948 ..M&N 4s stamped 1948 M&N Con M 4Mb gold 1960 F&A Gen g 4Mb 1965 J&D Gen g 6s Dec 1 1968 J&D Gen M 4Mb 1981 ser D...A&O Gen M 4 Ms ser E 1984—J&J Deb 4Mb 1970 A&O Gen M 3 Ms ser C 1970..-A&O Conv deb 3 Ms 1952 A&O 30-yr secured 4s 1940-1964. J&J Equipment trusts— 4 Ms series D 1940-1941 M&N 4s series E 1940-1949-..J&J 2 Ms series G 1940-1950-J&D 2 Ms series HI 940-1952 M&N b 2Ms Oct 1 1940-1954.-A&O b Peor & East cons 4s 1940..A&O 2dconsinc 4s 1990 Apr 1 / Peoria & Pekin Union Ry— 1st g 5Ms 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 4Mb 1980 ser O M&S Equip tr 4Ms 1940-1945—M&N Equip tr 2 Ms 1940-1947. .M&N Equip trust 2Mb 1940-46--J&J Perldomen RR ext 3 Ms 1951.J&J Phila & Bait Cent 4s 1951..M&N Phila Bait & Washington— 1st gold 4s 1943 M&N 97 M 109 109 M 113M 113M 117 M 101M 107 M 95 M 95 86 M 87 M 84 M 1.00 100 % 49 105" 49" 1M 87M 88 M 86 M 106% 110 M b 60 52 22 M 23 % 59 M M&N f b b 11 59 M 3.50 2.50% 2.50% 60 64 27% 17% 33 18 10 UM 2.00 1.50% 3.00 2.00% 82 4% 6M 97% / 98 M 115M 17 A&O 102% 103% 107v Santa Fe Prescott & _ J&J 116M 1940-A&O 1950.-A&O 1942 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 4s 1959 opt A&O Certificates of deposit 1st & cons 6s 1945 ser A—M&S Certificates of deposit A&O 102 M 107 M 4Mb series C 1942-— M&N 108 M 4s series D 1945 M&N 109 M F&A 105 J&D M&N F&A 105 108 % 108 109 % F&A M&N 116 117M 115 107 M 108M 105 108 75 99 F&A / 15 18 Pitts & Shawmut 5s 1959---J&D / 38 J&D A&O M 4Ms 1977 ser O...J&J Pitts Shawmut & Northern— Gen / / / / / / / F&A / 5% secured notes 1931 Receiver ctfs 3-3 Ms '45..-F&A 103 M 109 79 80 Phoenix 1st g 58 Pitts Cin Chic & St Louis— Atlanta-Birmingham Div— 1st g 4s May 1 1933....M&S / Seaboard-All Florida Ry6s ser A ctfs of deposit / / 6s ser B ctfs of depositSeaboard & Roanoke 5s 1931.J&J / Seacoast RR prior lien 5s '48. A&O Shamoldn Sunbury & Lewisb'g—_ 2d ext'd 5s 1945 J&J Shrev Bdg & Ter 5s '55 gu—F&A Sioux City & Pac 3 Ms 1936—F&A f Somerset Ry 1st & ref 4s '55--J&J 1st M 4s July 2 1950 J&J South Bound RR 1st 5s 1941 A&O 109% 70 115 111 1943.M&N b Basis. / This price includes 54 1st M g 5Ms 1964 M&S Toledo Canada Southern & Det— 1st 4s 15 M 13 % 16 1% 4% 1M 5% 5 6 8% 7% 6% 8% 7% 7M 66 68 13 % 15 M 3M 3 M 3M 6 40 43 73 80 90 93 70 40 77 44 45 47 M 72 18 22" St 5s 1963 A&O accrued interest, k Last sale, n Nominal, r 73 J&D 87 Mary's Div 1st 4s 1951F&A 58 1st mtge 4s ser B 1967 j&j Toledo St Louis & Western—. 98 1950—A&O 61M 1st gold 4s June 1 1946—J&D Consol M 4Mb 1966 ser A.F&A 70 45 Transylvania RR 1st 5s 1956. J&J Union Depot (Columbus, Gen 4 Ms 1946 Ohio)— J&J 103 113 % 107 % 1st & ref 5s June 2 2008—M&S 113 % 35-year 3 Mb debs 1971—M&N 96 % 34-year 3 Ms debs 1970—A&O 96 % Eq tr 2M88erE l940-'52—j&j b 2.00 Union RR (Penn) 1st 5s '46.M&S 116 Deb 6s 1946—.: M&S 118 Union Terminal Co (Dallas)-— 1st mtge 3 Ms 1967 —F&A 100 United N J RR & Canal Co— 1st 4Ms Sept 1 1979 M&s 118 General gold 4s 1944—..M&S 109% 1st 4s Sept 1 1948 —M&S 111 1st 4Mb Feb 1 1973 -F&A 118 Gen 1st g 3 Ms 1951 M&S 107 Vandalia RR 4s 1955 ser A„F&A 108 Series B 1957 M&N 108 Vera Cruz & Pacific RR— 1st mtg g 4Mb 1934 119 J&j / July 1914 coupon off J&j / Cash war & scrip ret No. 5 on / Vermont Vail 1st 4 Ms 1940—A&O Vicksburg Bridge Co— 1st s f 4-6s 1968 M&S 78 Vicksburg Bridge & Term Co— 1st M s f 6s 1958— M&S / Debenture s f 7s 1948 M&S / Vicksburg Shreveport & Pacific— 90 20 Pr lien 6s '15ext 5% '40—M&N M&N M&N Gen 5s May 1 1941— ref & impt 5s 1973. Va & Southwest 5s 2003 1st cons g 5s 1958 71 Payable in Canadian funds. % 69% 99M 97 77 j&J 55 A&O 60 M 108 b 1.00 Virginian Ry 3 Ms A 1966.-M&S Eq tr 4Mb 1940 (yr) J&j 120 68 Gen cons gug 2.25 95M j&j 1956 Toledo & Ohio Central— Ref & imp M 3 Ms ser A'60 Southern 111 & Mo Bridge Co— 60 2.00 2.10 Tex Pac-Mo Pac Term RR— 108 Pitts Va & Char gu 4s 102 M M&N b „ 15 South & North Alabama Pitts Shenango & Lake Erie— 1st gold 5s 1940 A&O Cons 1st g 5s July 1 1943--J&J Pitts Term RR & Coal 5s *42.. J&J 2.00 j&D b M&N b 2%a ser D1940-52 1st ry & land gr 4s g 1947—j&j 1st & ref 4s June 2008 M&S San Fran Term 1st 4s 96 1.25 2.00 Union Pacific— 92 115" 6 M&S b A&O b F&A b 100 110M 95 Gen & ref 5s 1980 ser Equipment trusts— 4Mb ser HH 1940 1st g gu 4s 1942 ser C M&S Toronto Hamilton & Buffalo— 8 109 M 7 97 68 % 68 68 ser 50 "7% 53% 6% Ann Mar B—A&O A&O D J&D 2d 5s Dec 1 2000 Gen & ref 5s 1977 92 106 53 % 1 1940 no M 88 Tol Term 1st 4Ms *57 gu—M&N Tol Walhoudlng Valley & Ohio— 1st guar g 4s 1943 J&J San Fran & San Joaquin Val— 1st g 5s Oct M§ 1950 guar F&A Texas City Term 6s 1941.J&J '26 Texas & New Orl 5s 1943 J&j Texas & Pacific Ry— 1st gold 5s 2000 j&D 95 75 San Antonio & Aransas 100 104M 1st M 5 Toledo Peoria & Western RR— 114 J&J Salt Lake City Union Depot and RR 1st 5s 1938 M&N / 1934 Pass— 10 114M 108 98 Ref & impt M 3 Ms B '74-J&J Terre Haute & Peor 5s 1942.M&S 4MsserO1940 44 2.50% 100 110M 106 M 106 M 1st extend 3s 1948 M&S / Term RR Assn (St Louis)— 4Mb ser JJ 1940-42 St Paul Union Depot— Salt Lake & Ogden 5s 14 80 Tavares & Gulf RR— 4 Ms ser A1940-43 4sser B1940-43 3.50 3.50 6 36 _ 58 83 Stephenville Nor & Sou Texas— lstMguarg5s 1940 strnp.. J&j/ Sturgis Goshen & St Louis Ry— 1st 3s Dec 1 1989. ..J&D Suffolk & Car con 5s 1952 J&j / Sullivan Co RR 6s 1944 A&O 1st gold 4s April 1 4s 1968 J&D Mortgage 4s Dec 1 1996--J&D St Paul East Gr Tr 4Mb '47..J&J / 1st consol g 1st & re.* 5s 1972 5s 1955.J&j / 72* 18 19 Stark Elec RR 1st 7s 1952—.J&D / 102 Staten Isld Ry 4Ms 1943.— j&D 11M UM St Paul & Kansas City Short Line 2.45% 2.70% 2.60% 71 j&J 12 Southwestern— 2d g inc 4s Nov 1989 J&J f 1st term & unif 5s 1952—.J&J f Gen & ref 5s ser A 1990—-J&J f 68 1.00 75 M Texarkana & Fort Smith— 94" 12 1st guar 4M« 1941. F&A / St Paul Minn & Manitoba— Pacific ext 1st 4s £ 1940—J&J 1.00 J&O 6% receivers' ctfs 1927 42 11% 11M 4s 1989 51 1st consol gold 58 1944—F&A Gen ref s f g 4s '53 opt *10-j&J St Paul & Duluth— 9M Pitts Bessemer & Lake Erie— Gen M 5s 1975 ser B 9 HM 59 M 1.00 deposit 4Ms series I 1963 9% 11M HM Equipment trusts— 5s series J 1940 M&S 4Mb series K 1940-1945.J&J Piedmont & Northern— 4 Ms series J 1964 Gen M 5s 1970 ser A 8% 13 58% 11% 2.00 J&J 1995 g 1.50 2.00 J&j Gen & ref 5s 1979 ser O 63 M 56 Philippine Ry 1st 4s 1937—J&J / 4s series G 1957 / / / 4Mb series DD 1940-45.A&O 0.50% 2.00% 50 M 4Ms 1977 ser C__ J&J God 4Mb series D 1981 .J&D 83 Phila & Chester Val 4s 1948.A&0 93 Phila Newton & N Y 3s 1942 A&O Phila & Reading RR—See "Read! ng Co 4s series H 1960 7% 83 / / 1st g 1st 4s 60% 82% Berwick RR 5s 1952 A&O 101M Tampa & Gulf Coast g 5s*53-A&O / 5 Tampa & Northern RR— 5s (stamped 3s) 1936 J&j / 41 Tampa Union Sta 5s 1940..M&n 90 Tampa Un Term 4-6Ms '53—J&Jl 32M B.J&J / St Louis 87 M 77 M 12M 80 A&O Louis City—See Pac of Mo / A—M&S / Certificates of deposit stpdJ. / Equipment trusts— 4Mb series BB 1940-41.F&A b 4sseries CO 19 40-1943-M&N b 2.25 1M 8M 8% Certificates of deposit.. 96 68 M Gen 3Ms series E 1949 4s series F 1953 8 Cons in 4Mb 1978ser 96 J&j Susquehanna Bloomsburg & Certificates of deposit 108 62 % 65 1910.-j&J Stamped (Fed tax) 1955.j&J 30 Prior lien 5s 1950 series 2.25 F&A 1947 7% 1933-M&N 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 2.25 A&O 3Ms 1966--. J&J / 2d gold 6s 1996 90 2.50 7% 4Ms stamped 1941 -J&J/ St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s '51..J&J 85 St Clair Term RR 5s 1950..M&S 128 St Johns & L Cham 5s 1944.M&S 39 St Jos & Grand Island 4s '47. J & J 109 M St Lawr & Adirond 5s 1996--J&J 114% 114M 117M 101M 15 1951-j&J Spartanburg Union & Columbia— St Louis Iron Mt & Sou— 100 1st ref g 4s 1955 opt Southern Railway— 1st consol g 5s 1994 Spok Internat 1st J&J / J& / Riv & Gulf Divs 4s series B 1981 1.00 b Aiken Branch 4s 1998 1st Mem Div g 5s 1996 78' 2.25 2.65 103% 1.01 46 101 1.25 2.00 2.25 2.50 102 % 98 M ^M&S/ 53 M b b b b Southern Pacific RR Co.— 71 57 100 Rock Island-Frisco Term Ry— 1st M 4Ms 1957 J&J St 48% 47% 47% 47 Vs 54M Develop & gen M g 4s '56. A&O Develop & gen 6s 1956 A&O Develop & gen 6 Ms 1956.-A&O Equipment trusts— 4 Ms series AA 1940-41-A&O b 4s series BB 1940-1943.M&S b 4 Ms series CO 1940-44 J&D 102 M Rich-Washington 4s 1943...J&D 106M Rio Gr June 1st gu 5s 1939--J&D / 40 Rio Gr So 1st g 4s 1940 J&J / M 1st g 48 guar 1940. J&J / M Rio Gr West 1st 4s 1939 J&J / 29 1st coll tr 4s 1949 opt A&O / 11M Rutl Can 1st g gu 4s 1949 4s stamped 1949 Rutland con 4Mb 1941 (CP) Aug 1 *49. .J&D 1st 4mb (Ore Lines) 1977.M&S 40-year 4 Ms 1968 M&S 50-year 4Ms 1981 M&N 4Ms 1969 with warr M&N 10-yr secured 3 %a 1946 J&j Equipment trusts— 4mb series H 1940 J&D 4Mb series J 1910-1942._J&j 4Mb series L 1910-1944.j&D 4Mb series M 1910-1945M&N 2Mb Aug 1 1940-1954 2 Ms series N1940-1951 M&N Pacific Fruit Express— Eq 5s 1940-1941 D (yr)_A&0 Southern Pacific (Golden Gate Ferries) 1st 5Ms 1949 A&O St Louis Div 1st g 4s Rich & Mecklenb'g 4s 1948.M&N Rich & Petersburg 4 Ms 1940 A&O Richmond Term 1st 5s 1952.J&J 61 A&O April 1 1960 66 M 102 M A&O A&O A&O Gen 5s 1974 series B 18 10 Penn Ohio & Detroit RR— 1st & ref 4Mb 1977 ser A-.A&O Con g gu 4Ms ser A 4Ms series B 1942 "4 % 51 45 M Coll tr 4s 103 1st 5s 1941 M&N Rensselaer & Sara 6s 1941.-M&N 1st guar 4Mb 1934 14 Pennsylvania Company— 28-year secured 4s 1963 _F&A Gu tr ctfs g 4s 1952 ..M&N Gu tr ctfs g 3 Mb 1941—F&A Gu tr ctfs g 3Ms 1942 J&D Gu tr ctfs g 3 Ms 1944-J&D Pa & N Y Canal con 5s 1939 A&O Cons 1st extend 5s 1949 A&O Cons gold 5s 78 Rock Island Ark & Louisiana— 6% fTanc bonds (foreign series) red to 1956 J&D Paterson Extension 5s 1950.J&D Paulista Ry 1st 7s '42serAM&S15 Certificates of 100 % - 70 Paris-Orleans RR— Gen 4s 91 Delaware River Terminal— Rich Fredericksburg & Potomac— Cons mtge 4 Ms 1940 A&O 110M 117 1955-J&J 3.25 Bid South Indiana 1st g 4s 1951--F&A Southern Pacific Co— 101% 102 M 1951 Philadelphia & Reading RR— Imp M ext g 4s 1947...A&O Extended 4 Ms Oct 1 1943 Term 5s g gu May 1 *41 Q&F 107 Cardelet Br 1st 4Mb 1938.A&O St Louis City real est 5s '38 J&J 3.50 HM 98M 33 7Vs 1947--J&J / opt'06-.A&O Gen & ref 4Ms 1997 ser A..J&J Gen & ref 4 Ms 1997 ser B.J&J Eq 4Ms 1940-'45 (s-a)...M&N b 33 f 43 M 82 1947—.A&Oj Raleigh & S'port Ry 5s *65—J&D / Reading Belt 1st 4s 1950—M&S Reading Company— 6 1st & ref 4 Mb 103 / 3% 1956—.M&S / 60 b Prov Ter 1st g 4s gu Prov & Wore 1st 4s 6 Paducah & 111 1st 4Mb 74 b b 4 1st M 5Ms 1944 1st M 5s 1945 series B • 48 M 0.50% 3.00% 1.00 J&J Colony RR 4s 1938 99 M J&J 1961 5s 1951 M&N Potomac Val 1st gu 5s g 1941-J&J Prov Sec deb 4s 1957 gu M&N 45 . Portland & Rumford Falls— 4 Old 5s 41 Vs b M&S15 Eq tr 4s 1940-1949 J&J Eq tr 2Mb 1940-1947 M&S Eq tr 2 Ms 1940-1946 J&J Nor RR of N J gen 4 Ms 2000-J&J North Pennsylvania RR— Gen g 3 3-10s 1953 J&D N'western Term Co 5s 1948-F&A N'western Term RR 5s Apr 1977. Norwich & Worcester 4 M® '47M&S Ogdensburg & Lake Champlain— 1st guar g 4s 1948 J&J Ohio Connecting 4s 1943 M&S Ohio & Little Kanawha 5s '60 M&S 67 56% 48 % 48% O—J&J D_.. J& J 106 104 95M 86 M C...J&D J&D 1st 4Mb series D 1977 Port Reading 1st gu 5s 1941.. J&J Portl (Me) Term gu 4s 1961-J&J 45 Vs B—J&J Ref & Imp 6s 2047 ser Ref & Imp 6s 2047 ser Ref & imp 6s 2047 ser Eq tr 4Ms 1940 (yr) 42 % 42M Pitts & West Va Rj 4 Ms '58A J&D 1st M 4Ms 19 •« B....A&0 Norfork & Western Ry— Bonds Ask Bid Bonds Ask Bid Bonds "f" end Income and defaulted bonds the month preceding the date of issue i r JAN., 1940] RAILROAD NOTICE—All . Bonds and Stocks Bid 38% 18% Ask 19% 22% 41 43 13 16 38 12 9% 9% 9% 9% 9% 9% 9 9 Certificates of deposit Ref & gen 5s 1980 ser D..A&0 Certificates of deposit Warren 1st ref g 3%s 2000.-F&A 9 9% 8% ' 47% 7% preferred • 83 X 87 A..J&J Eq tr 4%s E 1940-1941—.J&D Eq tr 2Kb 1940-1946 J&D Eq tr 2s G 1940-1949. 1.50 2.00 2.25 West N Y & Penna 4s 1943. A&O Western Pacific RR Corp— M&S / 18 18 4.00 Western Ry of Ala 4 %s '58..A&O Wheeling & Lake Erie RR— 1.75 Eq tr 2Ms F Nov 15 '40-'45 Wheeling Term 4s 1940 F&A White & Black River Valley— Special 18% 19 1.25% 95 95% Erie common.. 107% 4% 18% 19 15% / / / / 18 6% 9% 8% 6 8 7 31 1st gold 4Kb 1943 J&J/ Yosemite Valts t g 5s 1936—J&J / 9% 16% 1st 17% 50 85 68 120% 88 71% 125% "I 10% IV Illinois & 73 22% 5% 1% 1% 1 16 5 8 5 2% 5 17% IV 50 1% 23 40 41 50% 4% 52 100 50 50 3 "3% & Genesee Val RR (gu)-100 Rome & Clinton (guar) ..100 Rutland 7% preferred 100 Rutland & Whitehall (guar).. 100 St Joseph South Bend & Sou— Preferred St Louis 90 46 48 35 36% 100 5% preferred 6% prior preferred 100 100 Massawippi Valley (guar) 100 100 Mill Creek & Minehill Nav Mine Hill & Schuyl (gu)25 50 Hav(gu) Minneapolis St P & S S M— 2% 2% 2% 2% 3% 4% leased line ctfs 100 Mo-Kan-Texas RR com. 7% preferred series A Missouri Pacific com 5% conv preferred Mobile & Birmingham— ~3" 19 39% 4% 500 21 24 55 61 67 900 700 36 36 6% non-cum ...100 5% non-cum preferred 100 Saratoga & Schenectady (gu)-100 Schuylkill VaUey Nav & RR(gu)50* Seaboard Air Line common * 4-2% non-cum preferred 100 Shamokin Vail & Pottsv (gu)—50 Sharon (guar Erie) 50 Southern Pacific Oo 100 6% non-cum preferred ...100 100 Mob & Ohio stk tr ctfs (gu)-100 Southwestern of Ga (guar).—100 Stony Brook (guar) 100 Sussex (guar D L & W) 50 Syracuse Bing & N Y (gu)_..100 Tennessee Central * Preferred H00 Texas & Pacific Ry 100 1 Preferred (guar) Valley RR (N Y) (guar) y> 50 28 30 16 6% 16% 25 26 6% 21 65 180 40 ♦ ■t No par value. Ex-dividend. sV $ Quotations represent dollars 1% b Basis. 40 4 133 66% % k 88 93 34 36 % 1% % 1% 60 27 14% 19% IV 33 P 37 65 10" 8 120 *8" 6 80 85 fV 45 130 94 13 133 95% 88 86% 234% 240 tv 53 15 44 86 53 62 176 181 cum w i 58 80 44 preferred 100 45% 100 100 non-cum preferred A pref B._ 100 Ware River (guar) 100 Warren N J (guar D L & W)..60 West Jersey & Seashore (gu)__50 Western Maryland Ry com 100 132 137 33 Ry 35 1 1% non-cum conv preferred 4% non-cum 100 2d pref Corp 6% non-cum preferred... Wheeling & Lake Erie Ry_. V SV 22% 52% 54 SV 60 100 100 100 7 100 40 100 100 80 95 25% 4% 7% % 5%% $100 face amount. 1% 17 14 36 129i% 64% % % 2% 4% prior lien per 42 38 40 Wilton (guar Boston & Me).. 100 Canadian Pacific 25 Caro Clinchfleld & O (guar)..100 69 55 82 Western Pacific RR 5 48 21 40 53 1st 2 19% 100 100 100 Vermont & Mass (guar) Vicksb Shrevep & Pac 5% 5% V Ry 10 __ Utica Chen & Susq Val (gu)-100 Utica Clinton & Bingham (gu)100 New preferred wi 2 50 100 50 Tunnel RR of St Louis (guar) .100 Union Pacific common 100 4% non-cum preferred 100 United N J RR & Canal (gu).100 6% 37 3% 45 preferred—...100 St Louis Southwestern New common % 100 100 15% „ 38 1* 56 (guar). 100 5% non-cum pref (guar)...100 Virginian Ry common 100 "7" 45 1 Montgomery & Erie (guar) Morris & Essex (guar)... 57% 16% 50 1 4% non-cum pref (guar)—100 Mobile & Ohio—See Southern 25 20 6% 100 2d preferred (guar) 100 St Louis-San Francisco Ry... 100 Wabash 100 Mississippi Central 80 57% 15% 450 .100 Troy & Bennington (guar) Troy & Gr'bush (gu N Y C) 50 100 (guar) (guar) Bridge 1st pref (gu)__100 ....... 99 Michigan Central (guar) 10 36 3% 97 :* "3" 28' 7% 8* 172" 15 64 Southern Ry common 15 ... Mains Central 2 25 6% 17% 100 42 lid" 55% 100 Common 17% 26* 39 180 Lykens Valley RR & Coal (gu)_20 Mahoning Coal RR 50 Pref (guar N Y Central) 50 100 . 100 80 2% 2% 2% 1% 2% 3 45" 150 43 151" Roch 2 4 Louisville & Nashville 2 2 1 ifK 66 100 100 2% 147 Ooaligu) 50 Louisville Henderson & St Louis— Preferred (guar) 100 Louis & Mo Riv pref (guar).. 100 52 31 2% 100 100 W* 24 Spec gu-r betterment stk. Lit Schuvl Nav RR &; 13 12% 51% 29 2% 5% class A 100 1st 8% class B 100 1st 7% class O 100 1st 10% class D 100 1st 4X % class E 100 6% non-cum pref stamped. .100 Boston & Providence (guar)-.100 Boston RR Holding pref.. 100 •Camden & Burl Co (guar) 25 Canada Southern (guar) 100 60 12% Lexington Union Station— Preferred (guar) ...100 Little Miami original guar 50 69 100 pref pref pref pref pref 60" 57 116% Youngstown & Ashtabula— %4% 111 Cent stk ctf 1952..1000 Reading Oo 50 4% non-cum 1st pref 60 4% non-cum 2d pref 50 Rensselaer & Saratoga (guar) .100 Rich Fred & Potomac— Dividend obligations 100 7% guaranteed 100 70 56 33% 115 260 78 100 150 168 „ 88 28 -18 41 (guar) 100 & 100 100 com Lehigh Valley.. Preferred Unstamped— 1st 67 33 • 43 Prov & Worcester (guar) Railroad Securities Oo— V 2% 100 Lake Superior & Ishpemlng 7X 9% 69 it* 4% non-cum preferred.. ...100 Lackawanna RR of N J (gu).-100 27 8 J-* 49 63 22 100 66 46 3% 11% 27% Preferred (guar) 100 Pittsfield & No Adams (guar).100 Portland & Ogdensburg 35 22 100 100 100 Pitts 23% 2% 50 (gu)__100 37 [63 23% 1% 50 7 % pref (guar Pa RR) 100 ttsburgh & Lake Erie 50 Pittsburgh & West Virginia.-.100 % 25 21% 2 5% 40" 104 100 Pitts Cin Chic & St Louis (gu) .100 Pitts Ft W & Chic com 55 59 68 61 78 2 90 22 5% 1 54" 9 37 1 Piedmont & Northern Pgh Bess & Lake Erie (guar) Preferred (guar) % Stk tr ctfs—See RR Securs Co 136 66 40 K O St L & Chic—Pref (gu)._100 Kansas City Southern new * 18 4% non-cum pref 100 Bangor & Aroostook com 50 5% conv preferred 100 Beech Creek (guar N Y O) 50 Belgian National Rys Co— American shares partlc pref Boston & Alb (guar N Y 0)—100 36 22% 167 50 100 Marquette Ry com 100 5% preferred 100 5% prior preferred. 100 Peterborough (guar) 100 Phi la Germ & Norris (guar).. 50 Phila & Trenton (gu Pa RR).100 4V2 42 _ 30 Pere 21% 5% 42% Joliet & Chicago (guar) .100 Kal Allegan Gr Rap (gu)..100 65 Augusta & Savannah (guar)..100 4 23% 133 Avon Gen & Mt Morris (gu).100 Bait & Cumberland 7% gu 50 Baltimore & Ohio common 100 10C 100 Central Internat Rys (Cent Am) 5% preferred 50% Atlanta & West Point 100 Atlantic Coast L Co of Conn. .50 Atlantic Coast L RR com 100 * Non-cum 6% pref series A..100 Leased lines (guar). 100 50 23% * 6% preferred Hartford & Conn Western 13% 11% 11% 11 (guar).. 10 Gulf Mobile & Northern com.100 42 13% 100 100 Iron Ore Prop trust ctfs Preferred (capital stock Green Bay & Western Greene (guar D L & W) 77% 50 100 Albany & Susquehanna (gu)._100 Albany & Vermont (guar) 100 Alleghany Corp common —* 5%% pref (with $30 warr)_100 5% % pref (with $40 warr)_100 5%% pref (without warr)..100 2 % % prior conv pref * Allegheny & West (6% guar) .100 Atchison & Eastern Bridge 100 Atchison Topeka & Santa Fe.100 5% non-cum pref 100 Atlanta Birm & Coast pf (gu)-100 Atlan & Char Air L (guar) 100 2% 100 preferred 2d preferred Goshen & Deckertown Great Northern Ry— STOCKS Alabama & Vicksburg (gu) Pennroad Corp com Peoria & Bureau Val (guar) Peoria & Eastern .; 75 non-cum 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 Oo (gu).100 Georgia Sou & Fla common 100 25c 30 4% 5% 5% 135 non-cum 4% 73 20 20 48 6% pref.100 6% non-cum preferred 100 East Mahanoy (guar) ..50 East Pennsylvania (guar)._..- 50 Elmira & W'rasport (guar) 50 Preferred (guar) 50 89 el* 7 \* 90 4 80 76" 86% Jk* 60 37 20 70 92 111% 150 73 33 84 45 F&A 111 85 37 100 29 217 100 2% 3% Dover & Rockaway (guar)—100 Duluth South Shore & Atl— ^ 2l5" (gu)_100 Ogden Mine RR (gu On N J)_100 Old Colony (gu N\NH&H)__100 Certificates of deposit 34-> Detroit Manufacturers (guar) 100 24 % 100 Oswego & Syrac (gu D L & W) 50 Passaic & Delaware (guar) 50 Passaic & Del Exten (guar)..100 Paterson & Hudson River (gu)_50 Paterson & Ramapo (guar) 50 Pemigewasset Valley (guar).. 100 Pennsylvania RR 50 81 preferred 52% Ontario & Quebec (guar) 35 non-cum 49% «% 1% % 100 ..100 38 78 4% 101a 12% F&A M&N Common 5 Detroit Hillsdale and Southwestern (guar) 100 Detroit & Mackinac Ry——100 Worcester & Conn Eastern Ry— 7% prior preferred Stamped— 4 100 Delaware Lack & Western.— 50 Delaware (guar Penn) 25 preferred 20% 110% 68 70 5% Wilmington & Nor 4X» '77.. J&D Wilmington Ry Bdge 5s '43.A&O pref 10% class D 100 preferred..100 preferred ..100 Denv & Rio Gr West 12% non-cum preferred guar non-cum Delaware & Hudson Co 4 Wilkes-13arre & Eastern— 1st guar g 5s 1942 J&D Willamette Val Southern Ry— 1st 76 47 Dayton & Mich com (guar) 50 Preferred (guar) —50 Delaware & Bound Br (guar) .100 104% 1st pref 4X% class E 122 Conn & Passumpsic pref (gu)-100 Consol Rys of Cuba 6% pref. 100 Cuba RR 6% non-cum pref. .100 3.00% 25 M&N 6% 100 100 7%.50 4%..----50 pref (gu) 4% 2d non-cum Columbus & Xenla (guar)..—50 Concord & Portsmouth igu)_. 100 101% 1st 5s 1980 -J&J / Wichita Falls & Southern— 1st 5s extended 1948 J&J Wichita Union Terminal Ry— 1st pref 5% class A.;. 1st pref 8% class B 1st pref 7 % class O 132 4% 1st 114 common 37 Colorado & Southern 109 110 50 50 North Pennsylvania (guar) 50 Northern Cent (guar Pa RR). 50 Northern Pacific Ry 100 Northern RR of N H (guar)..100 Northern RRofN J (guar) 100 Norwich & Worcester pf 105 1.50% 1,75% 18% 19% 37% Ry 100 Adjust 4% non-cum pref 100 No Carolina (guar Sou RR)._100 115 (guar) ♦ 100 Norfolk Southern Norfolk & Western 35 non-cum conv 76" 2* 100 7% 101 5% 73 100 N Y Ontario & Western 113 Cleve & Pitts (gu Pa RR) 20 100 1* 100 88% 1.00% 90 1st consol gold 4s 1949...M&S 6% preferred series A N Y & Harlem com (gu) 10% non-cum pref (gu) N Y Lack & West (guar) 88 Cin Union Term 5% pref 107% Equipment trust 5s New York Central RR N Y Chic & St Louis com 86 84 23% 2% 20 100 Common Western Maryland 4s 1952.A&0 45 2% 100 100 Preferred 57 43 21 1% Clearfield & Mahoning (gu)—50 Cleve Cine Chicago & St Louis— 51% 47 25 2 93 58 75 45 New London Northern (gu)_-100 New Orleans Great Northern. 100 New Orl Texas & Mexico 100 4l" , Common 1st g s f 4s 1990.. A&O West Fruit Exp—See Gr Nor 95 60 Preferred (guar) 100 Cln New Orl & Texas Pacific— 109 X 34 Nashv Chatt & St Louis 100 Newark & Bloomfield (guar)-.50 41% 93 Ask 25 N Y New Haven & Hartf Cincinnati Inter-Terminal— 108 29 Original (guar L& N) Unstamped (guar L & N) "4% 4% 41% 38 Bid 100 20 Pacific— 6% preferred 49 %' A1 Great Southern com.... Preferred (guar) —.50 Chicago Burl & Quincy 100 Chicago & Eastern Illinois— 6% preferred— 100 Chicago Great Western com.. 100 4 % preferred ...100 Chicago Ind'polls & Louisville 100 4% non-cum preferred 100 Par Nashua & Lowell (guar) Nashville & Decatur— 5% 5% non-cum preferred 100 Chicago & North Western 100 7% non-cum preferred..—100 Chic R I & Pacific common.-.100 100 West Shore 1st 4s 2361 J&J West Virginia & Pittsburgh— 4% Stocks Essex Exten (guar). 100 Mt Carbon & Pt Carbon (gu)__50 Morris & Common 75 45 Hill Chic Milw St Paul & 34 — 100 Preferred series A 9 1951 19 Chestnut 9% Winston-Salem Southbound— 1st gold guar 4s 1960 J&J Winston-Salem Terminal Co— 1st s f guar 3%s 1970 M&S Wisconsin Central Ry— 1st gen g 4s 1949 J&J Certificates of deposit 1st & ref 4s 1959 -A&O Sup & Dul Div 4s 1936—M&N Certificates of deposit...... Marshfield & S'eastern div 4s 40 18 41% 11% gen 5s 1976 ser B..F&A Certificates of deposit Ref & gen 4 %s 1978 ser O. A&O Qg 1939 Wilm & Newborn 4s 1947 38 DL & W)_30 Jersey 100 Chattahoochee & Gulf (guar) .100 Chesapeake Corp -* Chesapeake & Ohio common—25 45" Ref & 1st g gu 4 %s 1941 opt 40 Central of New 9% 1st M 5s 1946 series A.. Assented 5s 1946—... Ask 38 Cayuga & Susq (gu 39 9 1st & ref 5%s 1977.ser Bid Stocks 25 Washington Central Ry— 1st 4s Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 3%s Jan 1954 opt 1924.—J&J Washington & Franklin Ry— 1st extend 4%s 1954 J&J Wash Term Co—3%s 1945.-F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— 1st 4%s 1947 F&A Par Catawissa RR 1st pref (guar)..50 2d preferred (quar) 50 Ref & gen 5%s 1975 A—M&S Certificates of deposit.. Boston & Maine 71 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 Wabash Railroad Oo— 1st gold 5s 1939 M&N 2d gold 5s 1939 F&A Deb mtge 6s series B 1939. J&J 1st lien term gold 4s 1954.J&J Det & Chic ext 1st g 5s '41.J&J Des M Div 1st g 4s 1939--J&J Toledo & Chic 4s g 1941—M&S Omaha Div. 1st 3 %s g '41. A&O Wabash Railway Co— RAILROAD BONDS bond "I" 70 90 30 cum preferred /This price includes accrued interest. * Last sale. n 97% Nominal. All bond prices are NOTICE Quotations for all Per Adams Express com Ooll trust 4s 1948- 83* 1032* 103 X M&S Coll trust 48 1947--—— 8X AA AA 12.41 10.07 3.69 101 101)* 23* 193* % preferred— Warrants-----------—----- (Mara)—Deb 4)*s with com shs 1967-— Aldred Investment Corp (Can)— Deb 4 Ms with com shs 1968— Alliance Investment com — * 4.03 101)* 102 X 2X 20 2* 17)* Domestic 101)* 6)* Amer 3.36 10c Capital Corp A 10c Clara B —13 6 1 A— preferred-^——-—— Jlrterft-LrciA:::::^ div 25 Class A ser w w opt Clara B 1 partic pref——1 — Amer Elec Sec 3.72 13* 3* --.-19)4 70)* 312* 2834 IX 12* 2X X -21— —M&N 103 American General S2 preferred Equities Ins..-25c Amer International Corp --* Conv 534 s 1949 J&J Amer Insuranstocks Corp * - 745 4 32* 242* 25)* 31 37 35 .39 Amer General American - - 30 1 1 ———1 $3 preferred - 676 — - Corp—...10c $2M preferred 6 1032* 32* 41)* .44 62* 104)* Fixed Trust Shares series A 37 Class B ■m 47 % ~82* 47H •••••••••••I com..50 ox -.50 1434 ..—10 * 6% profit share deb 1956--Q-J conv 10 212* 56)4 1024 12* 1)* 4024 15.98 Boston Fund Inc 17.18 15 .27 * 132* 1 .12 Broad St. Invest Co Inc 6 24.29 Brooklyn National Corp __5 Boston Personal Prop Trust British Type Investors A .__..-* 25 25.98 ■ 100)* 3.50 4.10 Deb 5s series A 1958 F&A Capital Administration cl A 1 $3 cum pref series A 10 Carey Trust of NY * Original 100 59 preferred * Cent Invest Corp 5-6s '57-.A&O ♦Central Nat Corp class A * —* ♦Clara B ♦ Railroad 3.50 Railroad equipment Steel stocks 7.17 3.80 7.76 7.26 7.86 74 12* Niagara Share Corp (Md)— Conv deb 5)*s 1950——M&N Class B common 5 Class A preferred..... 100 North American Bond Trust Ctfs iNorth Amer Invest Corp com. 100 Collateral 4s 1951— J&D 6.16 5.21 8.78 9.54 2.97 2.67 10)4 102* 101)* 17 Common 6.47 7.45 Electric Equipment Food Shares 8.84 Oilstocks Ltd- Oils & 1 1 5 10 Industries com Preferred 89 Railroad 4.33 4.72 26 Steel Shares 5.62 6.12 Overseas Securities Co Tobacco Shares 5.13 5.59 34 134 X 2X 2* 42)* 834 Deb 5s April 1 1948 Pacific Eastern Corp.* Pacific Finance Corp (Calif) 8X 26)* 2 E) common Preferred w w 25 Preferred x-w 25 6 4s with warrants 1946---A&O * 11.63 Household Finance com 5% preferred 100 134 ♦Huron Holding Corp 1 36)* 2.800 Hydro Elec Sec com * umtnating & Power Securities— 24 ... 12* 352* 2.770 136 60" 1st 101 104 101 97 104 99 97 99 97 99 100 47 X 103 5234 .08 1 100 Insull Utility Invest— Deb g 5s Jan 1949 F&A Deb g 6s 1940 B with war.. J&J Insuranshares Co of Delaware. _ 1 Insuranshares (Md) ctfs Inc...l International Holdings & Inv—.* 10IS 522* 110 X 1)4 3.56 3.87 92* 1.09 1.34 ff International Utilities class A.__* 18 30 42 14)4 1524 "8)* "§j* 12* by sponsor or Issuer. No par value, 9 19 18 32)* bi . 5s coll tr BBB * 6 8)* X , _ e - - * A&O Pacific Investing Deb 5s 1948 Pacific Southern Invest pref Class A .... Class B__— 1 10 J&J * * * 8X 3H 99 99 172* 3 75 4 113* 922* 30 7X ~8" 5 6 ._* 35 $3 conv pref class A 10 .41 Plymouth Fund Inc 10c Provident Loan Society 6% ctfs.. / 113 Prudentia" Tuvestors_.. * 6X 93)* 86 prefers i * 100 Pub Util Investing 5s 1948.A&0 Pub Util Sec $7 partic pref.. * 14.05 ♦Putnam (Geo) Fund 8.20 Quarterly Income Shares....-10c 100 5% deb series A 1942 M&N Railroad Employees' Corp— 8 Class A common.. * 10 X Preferred * 8X Railway & Light Securities com_* 104 Conv coll4)*sser "11"'55 A&O X Railway & Util Invest A -.1 3 34% preferred * Reliance Internat Corp com A 10c 10.70 Representative Trust Shares—10 .24 Republic Investors Fund 55 Reynolds Invest 5s 1948 A&O Common stock 1 /*« 10 $6 preferred * Rossia International Corp......* % 20c Royalties Management A ♦Schoellkopf Hutton and X Pomeroy Inc common 10c 85.04 ♦Scudder, Stevens & Clark Fund13 X Seaboard Commercial 10 36 5% preferred 50 Continued on page 84 Petroleum Corp of Amer Phoenix Sec Corp 5% 90c 4 $1.75 preferred * $3.50 prior preferred * k Warrants series of 1940—— Interstate Bond Co— 434s coll tr AAA 1940-43—A&O 1944-51—-A&O 4s coll tr CCO 1939-42—M&N Invest Bond & Share 5s A'47. J&D 1.48 6 —1 Class B 1.21 :::: 60c New common—..—-—— 34 34 17.54 *2" 1 Bank Group shares Insurance Group Shares.....- 47)* 163 100 Institutional Securities Ltd— 105 29 3 97 16.31 2.30 5 Preferred 114 .28 — _ 5 Industrial Finance vtc 104 69 2 Independence Trust Shares.....♦ Independence Fund of N A 101 102 X 68 1102* 100 preferred Investors Incorporated 52" 29 Dec. 2 2.91 Corp * Northwest Bancorporation * Ohio Finance Co. 43*s 1949-F&A Northern 111 Finance 5.94 Heller (W 30 1 6.85 41* 2934 26 2.45 1 Chemical Shares 1948 «8* 93 472* 334 92)* 28)4 1 Building Shares $3 2nd preferred Debenture 5s series A 103 * 1953 73 1958 * * 9934 100 99)* r Ex-coupons. 57 34 Aug. 7.99 North American Trust Shares— 43" 71 100 100 6% preferred 534 % preferred 67 41 . 30 3 ...* Quotations not furnished Ex-dividend. 8.35 8.61 ................ 86 50 x WB 8.62 Oils 6.50 4.80 5 —-100 382* 9.39 7.72 7.96 7.38 .... 5.97 80 10.75 1935—M&S 10.88 ..... - 4.40 48 ♦0% preferred.... Corp Securs 5% ctft 7.97 9.99 Metals.. 5.35 1 Aviation Shares 27.24 Preferred -1 Consolidated Invest Trust com.l Consumers Credit Serv 6s 1962 Continental Securities Corp— Debenture 5s May 1 1942— - / Continental Shares common——* 10.16 Petroleum Shares 25.33 $4.25 conv preferred * Commonwealths DIstrib'n Inc—1 Commonwealth Investment....1 Commonwealth Securs common. 1 6.83 9.40 Com.-* 1947 Debenture 4)*s Dec 15 1952 Old Colony Trust Assoc * 107 4)4% conv preferred 8X 78 1 12.26 8.68 Old Colony Invest Trust Debenture 4 )*s Feb 1 100 Commercial Invest Trust 4.92 5.66 4.78 — 5.88 6.30 Oklahoma Southern Trust 2)* 2% ■2% 7s series D 1956 Q-J 6s series AA 1953-.-.Q-F 6s series AB 1948 Q-M 6s series AC 1952 Q-J Commercial Credit common. 10 ............. Insurance 12* $6 1st preferred 8.58 HI ...... Electrical equipment 33.04 15 Guardian Investors com— 1.41 13.91 11.35 1 5.91 2 62* 1.26 12.91 — Machinery Equip Shares 6.45 Building supplies 97 Shares 20 59 Chemical 30.73 r 6.06 Bank stocks 104 r 56 5.42 Automobile Aviation — - 132* 1534 92)* 7.93 ———— 3.45 100 Preferred — 11.65 3.84 Voting shares New England Fund.. New York Stocks, Inc Agricultural 5.43 ' 15 ... 3.16 X OX 13 90)* 192* 4.48 92 10.66 100 * Nat Indus Loan 7s 1957—Q-Jan National Investors Corp 1 Nat Republic Invest Trust— conv pref stamped * Nat Trust Shares liemodifled 1 62* 10334 75 A&O 10 ....5 * com Investing Shares Merchandising Shares Mining Shares Cleve Securities 4-6s to 1943.J&J Collateral Bankers Inc— 7s series A & B 1950 —Q-F 7s series C 1959--.4 Q-M City Investing Co 62* 102 13 Corp 4)*s 1959 Group Securities, Inc.— Agricultural Shares Invest 3)4 95)* 2* 624 % 834 334 3 34 3)4 Chicago Corporation Convertible preferred Christiana Securities com—-100 Preferred ....—-.100 1956 25)* 5% preferred ser A w w Nat Bond & Share Corp 5.93 73 80 234 7^ ' 5.24 4.71 * 8*- 75 1 -100 Chartered Investors common Preferred. Chemical Fund 47 1 ... Century Shares-Trust 19.32 8 95 9.61 4.89 ._* 7% preferred Conv preferred Conv pref series of 1929 6 % cum preferred 4.80 " Automobile Shares 52* 3834 100 100 100 Central States Electric Corp 17.77 German Credit & Investment— Pref allot ctf 25% 1st pref--* 60 34 6 conv 45 4.25 Gotham Credit class B Great Britain & Canada Invest¬ 99 2* $1.50 10.27 18X 11)4 5s series A 1959 A&O r Canadian Invest. Fund, Ltd—1 Canadian Pow & Pap Invest Ltd— Cent-Illinois Securities Corp—1 3.34 1734 134 13 X X 9)* 2.77 3.72 2.50 * ment Carriers & General Corp — 1 Deb 5s with warr 1950--M&N 1724 7.88 60c 24 Nation Wide Securities Co..-25c 20.72 15)* 7.12 Gen Shareholdings Corp com—1 Gleneagles Invest 5s June 15 1944 Globe Indus Loan 6s 1955 J&J 72* 93 National Bond & 2* 37X 982* 15 3 40c M&S Mutual Investment Fund National Aviation com -—* pref ww 4i (N Y)_10 27 1 .* * J&J 1 i conv • 3M 28.)*. 1 25c 1947 27" 19.25 Warrants Conv deb 5s 1953 A 10 Morris Plan Indus Bank ""2* Gen'l Realty & Utilities com 3 preferred x-w * .M&N r Preferred 60 45 1«4 Nov. 30 General Investors Trust General Public Service Corp 22* 36 50 — 26 1 Corp 25 Canadian Internat Inv Trust— \ Invrajbment $6 preferred 22 1 Bullock Fund Ltd Burco, Inc common $3 conv preferred General 4% 5.10 (Mo)— Monroe Loan Society class Morris Plan common. 1 $6 preferred 12* 12* 3934 common...—1 -100 preferred 24$ Investors Common 108 106 -—1 Blair & Co.! $3 8* * * $2.50 prior preferred Beneficial Loan Society com 5)4 1634 Midland Invest Corp 3s 1953 ~6" 26 $6 preferred 4.01 4 American preferred Partiepreforred— -12.81 20 * * Deb 5s Feb 1 1952 F&A General Capital Corp * Gen Finance conv deb 5s *51 -J&D General 5 % conv partic 4.57 70c 20.97 Merchants & Mfrs Sec A com__. 1 - 11.57 6.95 Massachusetts Investors Trust-.1 Mass Utilities Associates vtc 1 - 15.26 26 5 10c Maryland Fund Inc 19.27 7.30 15.77 10.85 222* 1 Marine Midland Corp X 173 173 2834 83)* 29.29 2 * Class A 97)* 95 12 Lehman Corporation Manhattan Bond Fund Inc Sec 6s Foreign Power Secur Corp— 1st colltr conv 6s A 1949—J&D Foundation Trust Shares ser A..1 Fundamental Investors Inc 2 Fundamental Trust Shares Inc— 5)* 52 24$ 10c 10c 10 JX 10 Lawyers Mtge Inv (Boston)— 1st 5 Ms series B 1945— M&S f 524 2634 82)* 27.24 ... 53 42* 35)* Bankers Securities Corp Basic Industry Shares Beneficial Industrial Loan 6.64 .... Series S-4 Larkins Warr Trust Fund, Inc.— Insurance stock series Bankers National Investing— Blue Ridge Corp First Mutual Trust Fund Bank stock series — 6% preferred 15.77 14.40 9.85 13.85 10.46 4.06 35c Series 8-3 6.70 1.36 90 Empire Capital Corp A -5 Empire Power Corp partic stk. * $6 preferred-..* Equitable Invest Tr (Mass)----5 Equity Corp common 10c )3 conv preferred_1 Family Loan Society common._* "1.50 preferred series A * .1.50 preferred series B * Fidelity Fund, Inc * ♦First Boston Corp 10 28 50 50 ^01&8S At 23.22 14.38 ............ Series K-2 31X 17.94 11.93 Economic Inv Tr Ltd 5sA'57M&N Fiscal 4 50 -100 Option warrants. 26.34 21.19 Series K-l jLJLZ * .ft 40 Series B-3—................ Series 13-4 Howard Management 42)* 134 Atlantic Secur 4 Ms A 1953-A&0 Atlas Corporation common—...5 0% preferred % 37)* 28.82 Series B-2 17.92 24 51 50 Associated Gen Util com v t c_ - - * Inc deb 5s w w 1956 M&N Income deb 4s 1961 M&N Associated Stand. Oil Shs—.—.2 Associates Investment Co—.—* 5% preferred 4 25 Series B-l 1634 1634 27 Investment (111)——* $2 preferred 5% conv preferred Keystone Custodian Fund— 94 * 30 12* 3X / $7 preferred series A * $6 preferred series B * Ea<*Util InvaeUJehSs1954.M&S 15 Fund A-l Series F_..__..____ 6 103 ... Eastern States Corp com Baton & 76 Shares Dominion-Scottish Invests Ltd— 1st coll 48 series A 1952 J&J r 33 5 American European Secur———* Coll tr s f 5s 1958 ser A—-J&J 5s series B 1958Amer Foreign Investing 15" 2834 48 Dividend 192* Shares--——— Amer Business Finance pref * Domestic & Foreignln5)*s47F&A ... shares ntt % 35)* 3.85 5.95 1.24 D Ask share 18 25 Series S-2 1 ...2.50 25c C shares--.— 100)* F&A Amer Business Credit 18 X 10.78 1 Investors Trust common —25 Preferred 25 Italian Superpower Corp A com.* Deb 6s 1963 (ex-warrants..J&J 31X 10 2924 ♦8% preferred 100 11534 Credit Service deb 6s w w *48-Q-F / 13 ♦Crum & Forster Insursh B_. 10 33)4 •7% cum preferred 100 112 Cumulative Trust Shares— —* 5.10 Delaware Fund 16.58 Deposited Bank Shs N Y ser A. 1 1.55 Deposited Insur Shs. ser A 1 z 2.89 Series B 1 x 2.53 3* Dec. 27 Dec. 27 4 Corp— Deb g 5s 1953 Royalty.. Preferred ♦Crum & Forster Inc com.. IX 1 Continental-— Amer British & Investment Co of Amer .—10 Investors Fund of Amer Series Ol Investors Diversified Trustee Shares— 36 com—* convertible preferred-——-* ♦Amerex Holding 44 43 Allied Int Investing Corp $3 Bid Par share 2.93 2.93 1 1 Bonds _ Aldred Invest Trust ■ (modified) (modified) AGO 13.20 9.26 Securities —Affiliated Fund com-------- 1.25 Sec conv deb 4s 1949-—J&J Sec conv deb 434s 1949—J&J Air Investors Inc -—-—-* Aeronatucial --1 ana Per 2.46 2.46 1 Accumulative series-. Stocks 2.56 Corporate Trust shares old ser—1 105 Ivors Administered Fund Convertible share and income and defaulted bonds month preceding the date of issue Ask Bid Par Per inc5y2 F&A 434s stamped 1946 2d inc Stocks and Bonds Ask Bid Par Stocks and Bonds "and interest" except where marked "f' securities are as near as possible for the closing day of the 9 f Flat price A: Last sale, n Nominal, 172* 3X 2» 94 31)* 8 ~8X 6)* 36 .46 116 7 97)* 15.03 9.10 103 9 11 9 6X 11.20 .27 57 X 14 X 40c 1X 86.76 39" r Canadian price. I Utilities Public (Includes street and electric railways, gas, electric power, water, telegraph, telephone and bridge companies.) 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 & Issue NOTICE—All bond Bonds Bid Adriatic Electric Oo (Italy)— Extls f 7s 1952 A&O Ala Oas Co 1st M4H* 1951-F&A 80 83 101H 1st 5s M&S 107 J&J M&N 107 1946 104*3 107*4 107J4 104*4 10234 10534 J&J 103 10334 5s 1930--J&J 45 General 5s 1947 J&D All America Sara Corp— Inc debs 4s wi 1969 Alliance Power 1st 6s 1952. .M&S Alliance Pub Ser(Ohio)5s '57 M&S 42 1st & ref 4*3s 1967 J&D 1st & ref 5s 1968 M&S Alabama Water Service Co— . 1st M 5s 1957 Albany Ry 1st ser cons A Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954 J&J Amer Commonwealths Power— Deb g 6s 1952 ser A_ Deb g 5*3s 1953. Oonv deb 6s 102 54*3 M&S 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 Ain Pow & L deb 6s 2016 30-year deb 3*4s 1966 J&D 63 6 106 % 50% 57 H 63*4 106*3 54 58*4 104*4 69 ~60 93 9 108% 108 H 108% 109 Deb 6s 1975 ser A Deb 5s 1975 ser B M&N J&D M&S Androscoggin W Pow 6s *45-F&A f Appalachian Electric Power— 1st mtge 4s 1963 S f deb 4Ha 1948 F&A F&A Appalachian Power 6s 2024--J&J Ardmore St Ry—See Phila Co Arizona Edison Co— Income 5s 1960 Income 6s J&J I960.. A&O Arizona Power 5s 1950 1st & ref 4 Ha 1950. F&A F&A Arkansas & Missouri Power Corp 5s series A 1957 J&J Arkansas P & L 1st 5s 1956-A&O Arkansas Western Gas Co— 1st s f 6s ser A 1953 A&O Ashl'd Home Tel 4 Ha A 1961A&0 Ashtabula Wat Wks 5s 1958 _A&O Assoc Elect 4 Kg 5a Jan 1 1961 1953 __ J&J J&J F&A M&N F&A 107% 99% 50*4 107 12534 128 10434 102*4 107 99 101*4 105 67 59*4 68*4 32*4 34 31 28 21 Scrip 4s 1941 Scrip 4s 1942 Associated Gas & Elec Corp— 8s ex-warrants 1940 M&S -- Conv deb 5%s 1973 Conv deb 5s 1973.- F&A -_J&D 25*4 20 25" 24 23 19 20 25" 3*4 4 4*4 4 5 15 19 13 17 94*4 97*4 64 59 61" 53 55 J&D M&S 50 Income dob F&A 30*4 27*4 25*4 24% Income deb 4s 1978 Income deb 3 *4s 1978 M&N Income deb 3 Ha 1978 M&S A&O 3|*4 28 26*4 25*4 Assoc General Utilities— Invosting Companies. Associated Pub Utilities Corp— A J&J Deb 6s series A 1958 M&N ser Associated Telep Co Ltd— 1st M 4s series B 1965../ Deb 6s series A 1941 77 H 62 M&S f Certificates of deposit / Conv deb 5s series B 1942-A&O / Certificates of deposit f Conv dob 5Ms 1944 ser C-M&N f Certificates of deposit / 71% r Called Mar. 1 at 105. Payable in Canadian funds, 65 105*3 1st mtge 3*4s 19643s June 1 1940 3s June 1 1941 29 22 June 1 1943 108*3 110 100 M&N / r r J&D 72*4 Bklyn City RR 1st 5s 1941—J&J Certificates of deposit Brooklyn Edison Co— Consol mtge 3 *4s 1966 M&N Bklyn-Manbattan Transit Corp Coll trust 4%a 1966 M&N Certificates of deposit Coli trust 3s 1940 M&N Coll trust 3s 1941 M&N Coll tr series 3 *4s 1942—M&N Coll trust ser 3%a 1943—M&N Coll trust ser 3*4s 1944--M&N Coll trust ser 3*|s 1945—M&N Coll trust ser 3%a 1946—M&N 99*3 102 1946. 101*3 3*3s 3*3s 3*3s 3%s J&D ..J&D J&D J&D M&S 4s 1946. 4s 1948--. • 85 83*3 84 87 89*3 85*3 83*3 82*4 82*4 82*4 82*4 82*4 82*4 82*4 82*4 82*4 82*4 / 83*4 83*4 83*4 83*4 83*4 83*4 83*4 83*4 83*4 Central N Y Power Corp— Gen mtge 3*4s 1962 Central Ohio Lt & Power— 1st mtge 4s ser O 1964 Serial debs 1*3 to 3% F&A 15 6100 to 1940-46 Cent Pub Serv Corp— Conv dob 5*3s *49 F&A Cent Public Util.(ws)inc5*3s_1952 1% 1*3 Central States Edison, Inc— 1st coll inc 3-5s 1950 M&S Central States Elec Corp— Conv deb 5s 1948 J&J 36*4 77 M&S 15 38 38*4 47*4 1st mtge 4s 1964 J&D Cent States Pow & Lt Corp— 1st M & 1st lien 5*3s 1953-J&J 102 88*4 89*3 85 90 Debenture 5s 1944 ____J&J Cent States Utilities 6s 1938-J&J 38 36 43*3 41 40 88*3 89 Cent Telep (Del) 6s 1938—-M&N Cent Vermont Public Serv Corp 42% 42*3 1st mtge 3*38 ser B 1966—F&A Central West Public Service— 86 42 41*3 78*3 113*4 111*4 105 94*4 J&D Deb 5*3s 1954 113*3 112*3 105*3 95*3 73-M 49*3 1*3 14 106*4 5*3s 1956 / 87*3 Charleston Cons Ry Gas & El 106 Consol gold 5s 1999 M&S Charleston Transit Co— 1st 5s 1942 80 M&S Gen & adj 5s 1952 M&S 66 112*3 112*4 108 108*3 101*3 103 80 Coll trust 5s notes 1942 M&S Chester Water Service Co— 1st 4*3s 1958 series A M&S t 102*3 Chic Aurora & Elgin RR— 1st & ref 6s 1951 J&J / 3*3 109 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 ... F&A J&D J&D 107 .F&A Chic North Shore & Milw RR— 1st mtge gold 5s 1936 J&J 1st & ref 6s 1955 1st 118 - 72*3 122 74*3 & ref ser J&J A 5*3s 1956 A&O Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt — 103 red and 104 Certificates of deposit Cons M 5s ser A Feb '27.-A&O 101*3 102*3 103*3 103*3 107 ..A&O 105 102 Calgary Power 1st 5s 1960--A&O 1st s f 5s 1964 J&D California-Oregon Power—■ Deb gold 5%s 1942 A&O 109 California Water Service— t Called Jan. 22 at 104. J Called Jan. 1 at 105. x Called Feb. 9 at 102. 101 99*4 105*4 8934 8734 F&A 40 108*3 100*4 117 May 1 1943... 4s May 1 1944-.. 4%s May 1 1945. 4%s May 1 1946. A&O Cent Pow 1st 5s 1957. ser D.J&J Butler Water 5s 1957 A A&O Butte El & P 1st s f 5s 1951 J&D Cairo Bridge 1st inc 6 Ms *58_J&J 4s 107 Central Power & Light Co— 1st mtge 3*4s ser A 1969--F&A Burlington (Vt) G L 5s 1955.-J&J 3*4sMay 1 1942. 98 . 109*3 50 107 99*3 106*3 106*3 64 Niag Falls El L & Power— May 1 1940 3*4sMay 1 1941 101 Central Maine Power— 1st & gen 4s ser G 1960 A&O 1st & gen M 3 *3s ser H '66.F&A 1st & gen M 3 *3s ser J 1968J&D Cent Mexico Lt & Pow 1st s f 6s 1940 .J&J 105 B 1961 103 102 107 65 Gen&refM3*isserO 67-J&D 2s deb A 1910-1942 J&D ser , 102*3 104 104*4 101*4 Buffalo Niagara Electric 1st 4s 101 103 1st & ref 6s 1947 ser A J&J Central Kansas Pr 6s 1946--M&S 58 109*4 _ - 103 102*3 Cent Indiana Gas 5s 1957 Central Indiana Power Co— 59 3%a 1948.-M&N 3?|s 1949.-M&N Coll trust ser 3%o 1950--M&N Coll trust series 3*48 1951 _M&N Brooklyn Queens Co & Sub 1st m g 58 1941 (stpd) J&J Certificates of deposit 1st con 5s July '41 (stp)._M&N Certificates of deposit Bklyn Un Elev 5s 1950 F&A Certificates of deposit Kings Co El 1st 4s 1949—F&A Certificates of deposit Nassau Elec 1st g 4s 1951.-J&J ■Certificates of deposit 1st 5s X 944 A&O Bklyn Un Elev—See BklynQueens Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s '47 ser A M&N 1st I ien & ref 5s ser B 1957 M&N Serial 2%s J&D J&D J&D -_J&D J&D 50 109" 1968--J&D 1940 1941 1942 1943 99*3 110 101 62*3 ser lRt mtorp 4s 1966 100*3 4s 1945 100% See International Ry 50 101 101 4s 1944 105 105 1947--M&N 1st gold 5s 1942 Buffalo Traction— 1946. 1 1st mtge 354s ser A 12 100*3 ser Buff & 99*3 4s June 1 4s 1947- J&J / _ 100 — 4s June 1 1949 Cent Illinois Light 3 *3s '66.-A&O Central Illinois Public Service— 70 116 Bridgeport Gas Lt 4s 1952.-J&J Brith Colum Pow 4 *4s 1960.M&S British Columbia Telephone— Coll trust 101 3*3s Dec 1 1944. 3*3s June 1 1945 3*3s Dec 1 1945 4s June 1 1947 4s Dec 1 1947 118 Coll trust 102 : 101*3 102 4s June 1 1948 4s Dec 1 1948-------- M&S Brandenburg (Germany) El Pr— 3*|s 4——— 100*3 1QQ. 4s Dec 7s Sept 1947 ser — ?s TTec IT943 109 1939 98*3 101 ■cu*. 3 %s June 1 1944 -105*3 108*4 5s 89 100 3s Dec 119413s June 1 1942 3s Dec 1 1942— 98" 94*3 98*3 93 100*3 100*3 49 J&D f 6s 1953 J&D 1940 80 M&S s 1 76 Boston Elevated Ry— Deb g 4*4s Nov 1, 1941--M&N Extl 1st 3s Dec 43 3s deb B 1943-1947 3 %8 deb O 1948-1952 40% 49*3 50 2-yr 6% notes 1933. A&O / 139 Certificates of deposit / 139 Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J 105 Atlanta Gas L 5s g 1947 J&D 107% Gen mtge 4 *3s 1955 M&S 10634 Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J 104% Atl Beach Bridge 6%s 1942..F&A 101 Atlantic City Electric— Gen mtge 3 %a 1964 J&J 106 Atlantic City Gas 5s I960—--J&J 88% 1st lien & ref 5s 1957 J&J 86 Atlantic City Sew'age 6s A'56 J&D 104 * 78*4 J&J t 105 Associated Telep & Teleg Co— Deb 5 %a 19.o5 ser A M&N Associated Telephone Utilities— 104*3 scr Cent Ills Elec & Gas Co— . Deb 5s 1950-.Buffalo General Electric— Gen & ref 4 %s 1981 See 1st lien 5s 1947 135 13 1951-.J&D 1959--F&A "13 *3 Deb 6s Apr 1,1955-——A&O T 13' Berlin Elec Elev & Underg Rys— 1st mtge s f 6*48 1956 A&O / 13*3 97*4 Birmingham Elec 4%a 1968.M&S 94*3 Birmingham Gas 1st 5s '59.M&N 4*4% extended 1§44 A&O Coll trust 20 Conv deb 4Ha 1973 Oonv deb 4s 1973 4Ha 1978 115*4 133 1954 ser A M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967-F&A Brooklyn City & Newtown RR— Cons ref deb 4 Ha 1958—M&N S fine deb 5s B 1983 M&S Q-M Q-F f 117 114*4 J&D Berlin City Elect 6*4s Sink fund-detr 6 %a 116*4 11634 1st & ref 5s 27 Oonv A 6s 2002 Berkshire Street Ry— 1st extend 6s 1947 115 1st 4*^8 series B 1961 Broad River Power Co— 8554 8634 104 % 27*4 Conv A 7s 2002 Central German Pow 6s '34-J&D / 14 Cent Hud Gas & Elec Corp— 1st & ref 5s 1941 J&D 104*3 108 1st & ref 3 %a 1965 M&S West End St 5s 1944 27 Sf inc deb 4H-5H8 A 1986 F&A 8 fine deb 5-6s B 1986---M&S Oonv A 5s 2002 Q-F 105*4 67 111*4 107*4 5934 100*3 103*4 1955 ser A M&S 1st g 5s 1957 ser B -J&D 1st mtge 5s 1960 ser C M&N Bell Telep Co of Pennsylvania 1st & ref 5s 1948 ser B J&J 1st & ref 5s 1960 ser O A&O Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958 A&O J&J Bergen Turnpike 5s 1951 Deb g 5s Dec 1942. 101*4 10634 A '55 J&J Central Gas & Elec 6s 1946-M&S First lien coll tr 5*3s '46--J&D Bolivian Power 8s ser A '45.A&0 8734 111 100 Cent El & Tel 1st 5s 103 100 A&O 8 fine deb 4 Ha O 1983—M&S S f inc deb 4s D 1983 M&S 100' 99 108*4 39 4734 97% 106*3 Central Elec of N J 5s 1940--J&J 99*4 J&J HO 2734 24% 24*4 J&J 65 1st mtge 5s ser A 1955 -J&J M & coll tr 4s ser C '65—M&N M&S Oonv deb 4 Ha 1919 Conv deb 4 Ha 1948 Cons ref deb 5s 1968 55 Mtge&Coll tr3j4sser D'68 J&D St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 5s 1940 M&N Associated Gas & Elec Co— Oonv deb 5 Ha 1977 Conv deb 5s 1965-Oonv deb 5s 1950 105 Bleecker Androscoggin & Kennebec Ry— 1940 103 50 85*3 104*3 Cent Ark Pub Serv Corp— 1st & colltr 5s 1948 ser A--F&A 109*3 A&O A&O M&S / M&S Cape & Vine'd El 4s A '65. --J&J Capital Traction (Wash, D O)— 1st g 5s June 1, 1947 J&D Carolina P & L 1st 5s 1956--A&O 98" Blackstone Val Gas & Elec— 102% Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A 1st 6s Bangor Gas Light 5s 1941-.-A&O Bangor Hydro Electric— 1st mtge 3?4s 1966 J&J Bear Mt Hud Riv Bdge Co— 96 108*4 108*4 Amer Water Works & Electric— ( 92 __ 6*4 104% A 32 1st g 5s 18 -.68 55" American Toll Bridge— 5 *3a series D, 1945 F&A Amer Utll Service 6s 1964-_M&N Term 6 Ms 1951 Canadian Utilities Ltd— 98*4 101 Beaver Valley Water 5s '60-M&N Bell Telephone of Canada— H H H -^™,^^™^Axn«EARy8 Corp coll .4 Ha'. 53*, A&O Debenture 4Ha 196# —A&O Deb 6s 1938 J&D American Telephone & Teleg— Deb 5Ha Nov 1 1943 M&N 25-year deb 3>4s 1961 A&O 32*3 47*3 Canadian Rail & Harbor— J&J '2d mtge 5s 1978 6s conv notes 1978 104 104*4 South 28 Beauharnols Lt Heat & Pow 82*3 103 & 27% Deb 5s series B 1975—-—J&J S f income 8s 1953 85 105 A 1975—-—J&J 1st 7s 1953 J&D M&S American States Public Serv— 1st 1 5 Ha 1948 ser A M&N 56*4 105 M&S American Community Power— 5 Ha Certificates of deposit 1953 Amer Elec Pow deb 6s '57 M&S15 American & Foreign Power Co- Deb 4s series Ask Chicago Ry— 1st (35% prin paid) 1927 F&A Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5a '53. M&N Canadian L & P 5s *49 op '14 J&J 78" Avalon Telep Ltd 4Ha '58--A&0 Baltimore County Water & Elec 1st 5s 1946 M&N Baltimore Transit Co— Bid Calumet —A&O / Deb 5s series A 1975 F&A M&N 1940 Deb g 5s 2030 Amer Fuel & Pow 104 100*3 Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 5s 1941 1st & ref 5s 1951 1st & ref 5s 1956 Bonds Calif Water & Telephone—' j. 1st mtge 4s 1969 jJ&D Calumet G & E 5*3s B 1960-'J&J Ask 101 5s '58 ser A M&S Atlantic Co Wat Alabama Power Co— Bid Bonds Ask M&N M.00% 62.00% 62.50% 63.00% 63.00% 63.10% pay Aug 1, 1938.-F&A Series B Feb. 1927 J&D Chicago Rapid Transit Co— 1st & ref 6*38 1944 -J&J Certificates of deposit 1st & ref 6s 1953 ser A Certificates of J&J deposit Adjust deb 6s July. 1963._J&J Certificate of deposit Chicago & West Towns Rys— 1st cum inc 5s 1937 J&J 45*3 1*3 1 % 1% 45*3 46 9*4 4*4 4*4 4*4 4*4 4*4 *4 % 63.10% 6 Basis. / This price include accrued interest, k Last sale, n Nominal, 74 PUBLIC BONDS UTILITY marked "f" and income and defaulted bonds NOTICE—All bond prices are "and interest" except where Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Ask Bid ^Bonda 108 % 1st mtge 3 Ms 1966 F&A 1st mtge 3 Mb 1967 -J&D Cin Newport & Gov L & T— 1st ref 6s 1947 series A J&J .. 98 96 _ 83 88 90 93 2 Continental Pub Serv 6s *40-J&D f Continental Telep 5s 1953.-F&A tlOl 76 82 M 97 M 80 M 83 M 91M 92 M Cuban 91 103 M 72 _ —6s -1940---— 91 93 101M 105 M 42 . 100 108M 101M 109 M 109 110 „ 42 43 M - >T Deb g 5s 1952 A&O 15 Deb 5s Jan 15.1961 J&J 15 Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A J&D 1st & ref 5s 1954 ser B—M&N Columbus Ry Pow & Light— 1st mtge & coll tr 4s 1965-M&N Commercial Mackay Corp— Inc. debs 4s w w 1969 w i Commonwealth-Edison Co— Commonwealth Telephone (Pa)— 1st 5 Ms ser A 1945 M&N Commonwealth Telephone (Wise) 103 M 104 <r- 105 109 110 43 14 110M 128 M 31 22 16 92 105M 92 M - J&J J&J Stamped guaranteed opt.-J&J Conn Riv Pow 3 M ser A "61 F&A ( Consolidated Cities L P & Tr— 1st lien 5s 1962J&J Consolidated Edison Co of N Y— — Debenture 3 Ms 1946 Debenture 3 Ms 1948 Debenture 3Ms 1956 A&O __A&0 A&O 20-year 3 Ms debs 1958 J&J Consolidated Electric & Gas— Coll 68 ser A Aug 11962..M&N 6s series B 1962 F&A Collateral 6s 1957 F&A Consolidated Gas of Baltimore— 125 99 110 111 112 106M 108M 99 101 83 15 Eastern Gas & Fuel m 140 112M 109 M 108M 102 13 Assoc—_ 1943-M&S 77M Ref m 4 Ms 1948 A J&J Ref m 5s 1948 B J&J Ref 6s Jan 1948ser O-.M&S 15 Ref 6s series D Jan 1 1948-A&O Ref 6s series E Jan 1 1948. A&O 56 56 57 129 M Edison Elec Ilium of Boston— 3 Mb 1st M s f July 1. '65-J&J Edison El 111 (N Y)—See N Y G Edison Sault Elec 4 Ms, 1961 A&O Electric Ferries 7s (w-s) 110M 107 M '41-A&O 97 M&S/ 1st sink fund 6Ms 1953--A&O Electric P & L Deb 5s 2030-F&A Eliz Plainf & Cent J1 Eliz 14 2M 83 103M 104 103 M 99 104 120 110M 111 ^ 102 96 100 Elec & Peoples—See Phila R T Electric Pow Corp (Germany)lsts f 6Ms 1950 78M & Raritan Eliz & Trenton RR J 12M 80 Serv Corp Elmira Water, Light & RR— 1st & con g 5s 1956 M&S „ El Paso Electric Co— _ r * Called May 1 at 105. t Called Feb. 1 at 101. Payable in Canadian funds. , m 5s 1950 ser A t Called May 1 at 103. 112 , J&J Empire District Electric Co— 1st & ref m 5s 1952 M&S 1st b Basis. 100 29 110M 87 M 98 M 98 X 97 M 98) 98 j 96 M 97 104 M 115 Georgia Power 1st 5s 1967--M&S 106 X Georgia Power & Light Co— 1st mtge 58 1978 J&D 66 M Georgia Ry & Electric— Atlanta Northern Ry Co— 1st guar 5s 1954 J&J 104M Gesfurel 6s 1953 x w J&D / 17M Grand Rapids Ry 1st 7s '39.M&N / 17 Granite City Generating— 1st coll 6s 1963. A&O 81 Great Cons Elec Pow (Japan)— 1st M 7s 1944——— -F&A 1st & gen 6 Mb 1950 J&J Groat Lakes Power Ltd— 1st sf 4Mb 1956 M&S Gen s f 5s 1957 J&D Great Lakes Utilities Co— 1st lien coll tr 5 Ms 1942- .M&N Great Northern Power— 1st 5s stamped 1950. —F&A Green Bay & Miss Canal— 1st & ref 4 Mb 1953 M&S Mountain Power 106M 66 M 20~~ 83 98 00 72 r 99 M r 96 67M 107M 101 97 M 69 M 110 103 M Corp— 104M 105 J&D b 102 to 93 J&D 1940-1953.-. Gulf Public Service 1st mtge 6s 1945 64 104 X 69 A&O 103 M 105 1969M&N 107M 108 Co— Gulf States Utilities Co— m & ref 3 Ms ser D Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935—M&N / 15 Hamburg (Germany) Elev Undergound & St Rys 5Ms'38--J&D / 14 Hamilton Gas 6 Ms Aw w '37 J&D / 68M Hamilton Gas Corp—4s series B 1953—; __M&S 54M Harrisburg Gas 5s 1970 M&N 108 Havana Elec Ry 5s 1952 F&A / 49 5Ms (Sept'31 coup on)'51 -M&S f M Hempstead & Oyster BayWater 6% July 1 serially—— 97M Hest Man & Fair Pass Ry—See P hil R T Holyoke Street Ry inc 5s.—1945 41 Home Tel & Tel (Ft Wayne;— 1st 6s series A1943 J&J 105 1st 5 Ms series B 1955 A&O 105M Hoosac Valley Street Ry— 50 30 56 M 110 "IX 44 „ 12M See Riv [Public 92 99 M General Water Wks & El Corp— 1st lien & col 5s 1943 ser A_ J&D Georgetown Gas Lt 1st 5s'61 F&A Ga-Caro Pow 1st s f 5s '52-.J&J Coast Water 1st 5s '48-F&A Gulf Power 1st 5s 1968 -A&O Co—_ m 98 M 90 General Public Utilities— 1st M coll tr 6 Ms ser A'56_ A&O 1st mtge & coll 6Ms G'55_A&O Gulf 97 5Ms 1947ser A M&S 1st M & 1st lien 5s 1955 B M&S Easton Consol El 5s 1949 .M&N Economy Lt & Pr (111) 5s '56-J&D 1st 97 M GanxRys"C0"6"M"s seFA"1945"F&Af]r "26— Gary Street Ry 1st 5s 1937--A&O / 27 Gas Co of New Mex 6 Ms '44 M&S 96 M Gas & El of Bergen Co os '49- J&D 122 Gen 5s Nov 1.1954 -M&N 126 Gatineau Pow deb 5s w w *49 J&D r 109 X 1st 3 Ms series A 1969 86 M A&O 1st 3 Ms series B 1969 A&O r 97 M General Gas & Electric Corp— Scrip 4s due 1942 ;. / 50 General Public Service Oorp— See Investing Companies. 4Mb 101 J&J Eastern Shore Pub Service Equip trust 4 Ms to 1941..F&A Equip trust 4Mb to 1943 M&S Equip trust 4s to 1946 M&S 1 st M&S 103 M Serial notes— _ 54 1A 82 98 M 103 104 102 Express— 1st & ref M 3 Ms 1963 93 96 96 102 M Eastern Oregon Light & Power— 5s series B 1953 Fruit Growers* Green 91M Eastern Michigan Rys— 1st mtge coll tr 7s 1958----J&J / Adjt 6s due July 1958—-A&O / Eastern Minn Pow 5 Ms 1951 M&S 54 M 77H 101 Eastern Lt & Pow s r 5s 1964 M&N 1103 Eastern Mass Street Ry Co— 127 109 M 77 75 & coll tr 4s A 1956.M&S 98 M - East Prussian Pow 6s *53 - 11 96 83 54 M 77 X 75 % 93 _ 5Ms series A 1951-. 106 M 5M 5M Me 40 106 Vs 106 M 107 bs unstamped 1943 ser A..J&D - 4M 4M 86 106 107 H J&D 48 48 J&D / 86 M Florida Power Oorp— 1st mtge 4s series C 1966 J&D Sinking fund debs 5s 1946-J&D Florida Pow & Lt 1st 5s '54--J&J Florida Public Service Co— 1st 4s series C 1955. ...J&J Florida Telep 2d 6s 1954 J&J Fontana Un Wat 6s 1935.-J&J 100 H 107 24 M 25 78 85 M 1st s f 6s 1957M&S/ 40 Galveston-Houston Elec Ry— IstMsf g5s 1954opt.. A&O / 92 Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 97 A&O Gary Electric & Gas Co— 1st lien coll 5s x-w 1944---J&J 100 x 58 with warrants 1944--J&J 105 M 64" 95 M&S / Dumbarton B'ge 6Ms to '49-J&J Duquesne Gas Corp— 1st conv bsctfis. 1945 M&S15 / Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948.-J&J Duquesne Trac—See Phila Co 99 H 1st lien col tr 5 Ms 1957—M&S Fullerton-Portsmouth Bridge— 93 w s 98 M 106 24 F&A 10 M&N 110 *106Me *106 Me F&A Pass Ry 5s Mayl 1942—.J&J/ Conv deb 5 M s 1954 Federated Utilities Inc— 0.75% 1.25% 1..75% *106 Me 3M 104 1.25 12 1st „ „ 104M 22 2.10 102 95 91M 109 M A&O 108M 62 M A&O / Eastern Iowa Pow 6Ms _ 102 M 2.00 East Jersey St Ry 5s 1944--M&N E. Kootenay Pow 1st 7s '42.A&O 103 M 103 % 104 101X & .. 1st 5s 1953 M&S & 66 90 Ref mtge s f 3 Ms 1971—J&D 1943 109 105 M Certificates of deposit Dom Elec Pow 5Ms 1955 M&S Dominion Gas & El 6 Ms '45.J&J Dortmund Munic Util (Germany) 20-yr s f 6 Ms 1948 Duluth-Superior Transit— Stamped 1st lien g 6s 1942 stpd-..M&S Debenture 6b 1954 ser B_ J&D Fed'l Pow & Lt 6s Nov 1,1965 Federal St & Pleasant Valley 29 111 6 104 109 M 1st ref mtge 3 s series P '69-J&D Consolidated Gas Utilities Co¬ Corp 6% notes, 1940 106M 63 109 126M 6s stamped 106 103 108M Gen g 4Mb Apr 1954——A&O Consol Gas Elec Lt & P (Bait)— Consol Hydro-Elec Wks of Upper Wuerttemburg 1st 7s *56- J&J / 106 H Certificates of deposit 3M / 97 M 1st 5s. 1966 M&N Detroit Edison— 109 M Gen & ref 4 Ms 1961 ser D-F&A Gen & ref M 4s ser F1965-A&O 110M Gen & ref M 3 Ms ser G '66M&S 110M Detroit International Bridge— 1st mtge s f 6M8 1952 Certificates of deposit 8 f deb g 7s 1952 76M — Durham Pub Ser 7s A *49-.A&O Durham Trac 1st 5s 1941 M&S East Coast Pub Serv 4s 1948 F&A Community Power & Light Co— Connecticut Power— 1st & coll trust 5s 1956 Connecticut Ry & Light— 1st & ref 4 Ms 1951 110M 74M 106 M A&O Delaware Electric Power CoDeb 5 Ms 1959 J&J Delaware Power & Light Co— 1st M 4Mb 1971 J&J 1st mtge g 4 Ms 1969 J&J 1st mtge g 4Mb 1969 J&J Delaware Vail Util 6s 1952-M&N Denver Gas & Elec Co— 1st 5s 1949 M&N Denver Gas & Electric Lt Co— 1st & ref 5s 1951 -M&N Stamped as to Pa tax. DefiVerTramway Corp— Gen & ref 5s 1950 ser A—J&J Des Moines Ry 1st inc 5s Jan 1 '55 43 M 92 M&S Community Public Service— 102 M 1st mtge. 4s 1964 M&S 6 Community Teleph 5s Jan 1 1949 / Community Water Service Co— 84 Deb g 6s 1946 ser A.ir. J&D Deb g 5Ms 1946 ser B 81M M&S 38 M Conestoga Trac 1st 4s 1950--J&J 48 Coney Is 1 & Bklyn cons 4s '48 J&J Connecticut Light & Power— 132 1st & ref s f 7s *51 ser A.-M&N 110M lst& ref M 3Ms ser F '66-M&8 1st & ref M 3Ms ser G '66-J&D 108M 107M 25-year deb 3Ms 1956—M&S ...M&S 1st 4s series A 1966 40 49 M 45 Federal Water Service Oorp— 108 X . 104M Col M 5s 1957. 109 M 72 M 105 Danbury & Beth Gas 6s 1948 F&A Danville Tr & Pow 1st 5s *41.J&J 40 Darby Med & Ches Ry—See Phila R Tran Darby & YeadOn 4 Ms 1934 / 70 Dawson Ry & Coal 5s 1951..J&J 104 F&A Detroit & Canada Tunnel— 1st mtge s f 6s 1953 M&N / Certificates of deposit / Convs f deb 6Ms 1948---M&N / 104 109 M 1st mtge 3 Ms ser I 1968--J&D 128 Conv debenture 3 Ms 1958.J&J 115 Com'w'lth El 5s June 1 '43-M&S Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948- / 28 Non-cum inc deb 6s (x s) 1948- / 19 Commonwealth Light & Power— Ref & unif 7s 1962—. J&J 58 X - _ „ „ Dayton Power & Light— 1st »v ref M 3 Ms 1960 8 6s 1942 Colorado Pofter 1st 5s *53--M&N *106.22 Colo Utilities 1st 5 Ms 1958.M&S / 42 Columbia Gas & Electric Corp—• 104 Deb g 5s 1952 M&N „ Dallas Power & Light— 1st mtge 3Ms 1967 99 M 93 Dallas Ry & Ter 1st 6s 1951. J&J ^ 1952..-J&D / 56M J&J Telep conv 5s 1951 92" Ask Electric 6s 1959 J&J 129 Erie Rys 1st 6s 1954 A&O / 26 Erie Ltg 1st m 5s 1967 A&O 109 Erie & Suburban Ry 5s 1941 A&O f 15 Fall River El Lt 3Ms 1968..M&N ' 105X Federal Light & Traction— 1st 5s (Amer series) 1942-M&S 103H 1st 5s (Internat ser) 1942..M&S 101 — Cumberland Co (Me) Pow & Lt—, 107 M 1st mtge 3 Ms 1966. A&O Cumberland Gas 6s w-s 1948M&N / 37 101M Route Bridge 6M« 91M . J&D City Water (Chattanooga)— 1st M 5s 1954 series B—-J&D 1st M 5s 1957 series O.. -M&N Clear Springs Water Service— 1st 5s ser A 1958 M&S Cleveland Electric Ilium— Gen mtge 3 Ms July 1, *65.J&J Cleveland Ry 1st 5s A 1945-M&S Coast Cos Gas & Electric— lsts f 4s series B 1965 M&S Colonial .Util 5 Ms 1958 J&D Bid 109 84 M 91M 91M Cooper RivBri'geinc 1st 6s'58M&N Copper Dlst Pow 4 Ms 1956. -J&D County GasVN J) 5s Jan I 1952Crescent Public Service Co— Coll inc 6s B Oct 1 ,1954--J&D / 76M 68 M _ 106M 90 78 79 _ 1941 Bonds Equit G & E Utica 5s 1942-A&O Ercole Marelli El Mfg Go (Italy) 1st s f 6 Ms 1953 with war M&N Erie Coach Co 4Mb 1959 Erie Co 75M 77 M 1953 J&J City Light & Traction (Sedalia, 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— Clarksbury-Columbus Short 109M 109 M 106 M 74M 75M 75 76M 70 1st 5s series A , 107 M 107 H 108 M 1st coll 6s series A 1946 M&N Deb 5M» series A 1970 A&O Contln Gas & El deb 5s 1958 F&a 1 36M F&A 1st coll 4-5Ms 1948-.- —-A&O Citizens Water (Scottdale)— 5s 105 H 1st mtge 3Ms 1965 ...M&N 1st mtge 3 Ms 1965 M&N 1st mtge 3 Ms 1967 M&N 1st mtge 3 Ms 1970 M&N 1st mtge 3 Ms 1966 M&N Consumers Water Co— 77M Deb g 5s 1963 M&N Deb 5s 1969 -M&S Conv deb 5s 1950 J&D Cities Service Power & Light— Deb 5 Ms 1952 M&N Deb 5 Ms 1949— —J&D Citizens Independent Telephone 1st mtges f 4 Ms ser A '61..J&J _ 109M 109M Cincinnati Street Ry— 1st m 5Ms ser A 1952——A&O 1st 6s 1955 ser B A&O Cities Service Co— Ref deb 5s Jan 1 1966 M&S Deb g 5s Apr 1958.. A&O Citizens Utilities Co— Income notes 3s 1955 Ask Bid Bonds Consumers Power Co Cincinnati Gas & Electric— 104 M 105 H 103 M 1st ext 6s June 1 1947—M&S Houston Elec 1st 6s B 1950-J&D Houston Gas Securs 5s 1952-M&S Houston Gulf Gas— 1st M & col 6s 1943 ser A-A&O Deb 6 Mb 1943 with war.-A&O 36 100M 101M 102 104M 103 M 105 104 103 104 / This price includes accrued interest, k Last sale, n Nominal, PUBLIC UTILITY BONDS Jan., 1940] 75 NOTICE—All bond prices ere "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds 1st . 110% J&D mtge 3%s 1966 Houston Natural Gas Corp— 1st m coll 6s '43 with warr.J&D Hudson Oo Gas 5s g 1949.-M&N Hudson River Trac 5s 1950.M&S Huntington Water Corp— 1st mtge 6s series A 1954. _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 Elec Power Commission Jacksonville (Pla) Gas— 5s stamped 1942.—__ ...J&D Inc deb 6s ser A w s 1952 M&N James River Bridge System— 1st 2-6s, 1967 —J&J 105 Jamest'n (NY)Telep 100 Jersey Central Pow & Lt Corp—, 101M 1HM 1st & ref 5s 1947 ser B——F&A 1st M 4 %s 1961 ser O J&D Jer City Hob & Pat—See P S Corp 101 100 103 113% 105% ser B M&S Community Tel 6s 1949—J&J 1035* 105 Kansas Elec Power— 8 f deb AHs 1957 65 M 64 105% 104% 102 M 98 M&S 105% 104 M 1st lien coll 5%s 1938 1st M 5s 1951 series O M&N 105% 90 ' 93 .110% 83 103 79 _ 62 108 M 101% 103 103 66 M „ 69 M 62 62 1st 5s ———P&A 1948.——F&A 1951 Debentures 6s 30% 99 105% 103% 104% 103 100 96% 102% Deb s f 7s 1935 Inland Telep 1st 6s 1948 . J&D A&O 88 M 90 74 74 30 74% 74% 30% . 96 M 99 2% 101 46 49 .46 32 82 Lombard Elec Oo 40% 42 M 1st extl 7s 1952.—: J&D Lone Star Gas 3 Ms debs *53 F&A Long Beach Gas 1st 5s *56 J&D A&O 49 102 63 M 100 M 102M 110 1st 1& ref 5s 1961 ser B...M&S Iowa Pow & Lt 1st 4 Ms 1958 M&S Iowa Public Service Co— Deb 5s 1968 M&S Debenture 6s 1960 __M&N 103% 65 101M 46 —— 106% 65"" 105 % 106 105 M 106% 108 M General 5s 1950 Lowell Gas Light— 34 110 99 100 103 104 1st mtge 3Ms 1969 ..P&A Iowa Southern Utilities— 100% 101% 1 si & ref 5 Ms 1950 J&J 1st & ref 5 Ms July 1 '50.M&N Deb 6s 1950 ser A......M&N 103 % 106 '97% 45% 66 F&A e 103% 98% 105% 7 5% 21 35 40 85 88 106 Michigan Consolidated Gas— 1st mtge 4s 1963... M&S 101% 101% notes— 1st M 5s 1956 J&D Michigan Public Service Oo— 1st g 5s 1947 ser A A&O Middle States Util 6s A1951 A&O Middle West'n Telep 6s *43 J&J 102 39 102 103 100% 101% 101 101% 52 91 Middle West Utilities— 5s ctfs of deposit 1935 Middlesex Elec Lt Pow 5s '55 J&J 124 Middlesex & Somerset Traction 5s 1950 J&J 83 Midland Util deb 6s 1938—M&S / 43 Milwaukee Gas Light Oo— 1st M 4%s 1967M&S 100% 95" 44 101 Minneapolis Gas Light Co— 1st mtge 4s 1950 J&D Minnesota Power & light Co— 1st & ref 5s 1955 J&D 1st & ref 4%s 1978 M&N M&S J&D 1st M 5s 1957— 75 108% Missouri Gas & Elec Service—■ 1st 4-5s 1956——.......A&O Missouri Power & Light— 1st mtge 3 %s 1966 J&D Missouri Public Service Co— 1st, s f 5s 1960 Missouri Telephone— —P&A 4%s series O 1961— M&S Missouri Vai Pub Ser 6s '39 J&J 62 104% 100 Mobile Gas Service Corp— 1st 5s 1956 A&O 1st cum inc 9s ser A '56 A&O Income 7s 1956 .A&O Mob Lt & RR Cons g5s '41-M&S - —- 78 76 109% ~UO%~ 107% 108% 105% 102 106% 102% 102% 103 103% 109% 104% 104 80 Mohawk Valley ref 6s 1991 M&N Debenture 6s 2031 A&O 78 Monmouth Cons Wat 5s '56. J&D 99 111 10i" 90% 107 95 96% 102% 93 95 96 86 IP* 80 70 101 Monongahela Light & Pow Co— 107% 110 115 96 56% 1st mtge 4 Ms ser A 1966.M&S 106 Lower Austrian Hydro-Elec— 1st sfg6Ms 1944 F&A f 7 Lower St Lawrence Power— 1st s f 5s ser A 1955 A&O r 97% Luneburg Pow L & W W(Germ'y) 1st M s f 7s 1948. M&N f 12% Luzerne Oo (Pa) Gas & Elec— 1st ref&imp g 5s'48 op'13 A&O 108% 1st & ref 6s 1954 M&S 107% Debenture 7s 1944 J&J 112 .. — — — J&D 119 Monongahela Valley Water 1st M 5%s 1950 series A..J&J Monongahela West Penn Pub Ser 1st & gen mtge 4%s 1960.A&O 107% 109% 109 1st M 5s 1949 Debenture 6s 1965.. ..A&O Montana-Dakota Utilities— Conv deb 4%s4946 108 .... 1st mtge s 64 %s 1954 Montana Power— A&O M&N 102 110% 97 106% 1st & ref mtge 3%s 1966—J&D 99% Montreal Isl Pow 5%s 1957 M&N / 104 Montreal Lt Ht & Pow Consol— 1st & coll s f 3%s 1956 76 F&A 1st & coll 3%s 1963 95 J&J 1st & coll 3%s 1973 J&J J&J 109% 110% 98 107% 100 78 71 73% 64 66 107 Isarco Hydro-Elec Oo (Italy)— 1st M s f 7s 1952 M&N Island Gas & Electric— 92% 103 58 F&A A&O Mississippi River Pow 5s *51-J&J Deb 5s May 1. 1947 M&N Missouri Edison 1st 5%s '47 J&D 80 107 57 Mississippi Power & Light— 102" 103% 90% J&J M&S Louis vLtg 5s '53 unstmpd-.A&O Louisville Ry— 2d 4Ms 1940 ..M&S 99 Mississippi Power Co— 104 gjSMs '52 ser A. A&O 1st & ref M 3 Ms 1966 „ 106 Iowa-Ill Telep 2-5M« 1949—A&O Conv deb Long Island Water 5 Ms '55 M&N Los Ang Pac Oo—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— 1st ref s f 5s ser A 1948—.A&O 1st ref s f 5s ser B 1950— _A&0 Louisiana Pow & Light Co— 1st mtge 5s 1957 ..J&D Louisville Gas & Elec Co (Ky)— 103 Interstate Tel & Tel 5 Ms 1953J&J Investors Telephone 3s 1961-J&J a 84 45 (Italy)— Long Island Lighting— Secured g 6s 1945. — Iowa Electric Co— 1st 4s ser A 1961 x 1st s f 5s 1968. J&J Conv deb 5%s 1953 __J&J Lincoln Gas & Elec 5s 1941..J&D Lockhart Power 4 Ms 1955.-J&D 66 Mexican Utilities 7s 1939 1st & ref 5s 1955 44 „ 86% 99 S f mtge 6 Ms 1946 M&N / 12 Lewis ton Gas Lt 3%s O *56. A&O 100 108 Lexington Ry 1st 5s 1949...J&D f Michigan Gas & Electric Co— 1st & ref 6s 1943..... M&S 13 Leipzig Overland Power— §8% s 4s Aug 1940-1948 P&A Mich Fuel & Lt 6s A 1950—J&D Lexington Water Power Co— . Iowa-Nebraska Light & Power— 1st lien & ref 5s '57 ser A..M&N J&D 73 42 40 M _ J&D J&D 98 64 J&D Lexington Util 1st 5s 1952.-F&A J&J15 E 1955 112H 1st extend 4s 1945 Ref & impt g 5s 1960 101 56% 15 Serial Lehigh Valley Transit— M 72 International Railway (Buffalo)Ref & impt 3-5s 1962....M&N 29 Buff Trac 1st 5s 1948 J&D 78 International Telep & Teleg— Deb g 4Mb 1952 40 ...J&J 42 J* Deb 5s 1955 F&A Int-State Bridge 4-6 Ms *50 M&N 65 Interstate Gas & El 6s 1951— J&D 54 Interstate Power 1st 5s 1957-J&J 65% Deb gold 6s 1952— 47 M J&J Interstate P 8 (Ark) 6s 1940 M&S / 3 Interstate Public Service Oo— 1st & ref 6%s 1949 ser B—J&J y 105 1st & ref 5s 1956 ser £>__ J&D t 1st & ref 4Mb 1968ser P—M&S d Interstate Rys 4s 1943. F&A / 3* Interstate Telephone Co— .J&J 4% notes to 1940-46. A&O Iowa El Lt & Pr 7s ser O '42.F&A 1st mtge 3Ms ser A 1966--A&O Lancaster Co Ry & Lt 5s 1951 J&J 1st extend 5s 1945 _ _ 1st M 5s 1961—— .... Lake Superior District Power— 74 73% 51% 101 1952. Michigan Associated Telep Oo— 1st mtge 4s ser A1968. M&N f U% 24 73 73 99 45 Miami Bridge— Income deb 6s (w-s) Mar 105% 22 M International Hydro-Elec System Conv deb 6s 1944 w w.—A&O Internat'l Pow Ltd 6Ms 1957M&S Deb 6s 1957 ?. M&8 Debenture 6s 1955— J&J International Power Sec Corp— 6M % sec bonds 1955ser O J&D Sec 7s 1957 ser E F&A Sec 7s 1952 ser F__. .... ltA 29% Market St Ry (San Francisco) 1st s f 7s 1940 ser A Q Jan—.. 105 2?M 106% 24 Conv g 7% note 1932 M&S Certificates of deposit ...... Inter continents Power Go— Debs A 6s 1948— J&D Ref & gen 4s series C 1967.J&J Market Street El Pass Ry— See Phila Rapid Transit - 106% 22 M 22 M 1st & ref g Certificates of deposit 6% notes 1932— —A&O Certificate of deposit 105% . 98% , 102 12 10% 99 3-5s series B1945 Meridionale Electric Co— 1st s f 7s 1957 ser A 157% 10M j% s 12 104% A&O / 55 105% 103% Metropolitan Edison Co— 112 1st M 4%s 1968 ser D—.M&S 104% 1st M 4s 1971 ser E.....M&N 104% 106% -408 -lst mtg04s ser G1965.—M & N -102-%. 88 Metrop Edison Corp 6s "61-M&S 105" Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 1st gold 4s 1938 6% 98% P&A Exten gold 4s 1938 -J&J 103% Mexican El L 1st M g 5s '42.J&J Laclede Gas Light Co— Ref & ext 1st 5s 1939... A&O f Ret & ext 58. 1942.... A&O 44 1st M coll tr 5 Ms '53 ser O F&A 1st col&ref 5%sl960 ser D F&A 44% 39 6s coll notes ser A 1942 F&A 41 6s coll notes ser B 1942—P&A La Crosse Telep 5%s 1948..J&J 102% Lake Shore Elec Ry 6s 1933.J&J f 9% General 5s 1933.— ...F&A ' 80" Lake Sh Gas 1st 5Ms 1950..M&N Rapid Transit—■ 5s '66 op tax-ex.J&J f 5Ms 1956. A&O Maritime Telephone & Tel— Ref & gen 6-4 %s ser B 1966 J &J Gen A&O .Ann April 102 101 50 Inter borough* J&D / f 7s 1941 Memphis Street Ry— 102% A&O O s Mex Lt & Pow 1st 5s 40 47 M 24 15-year Marion-Reserve Power— 1st mtge 4 Ms 1952 A&O Maritime Electric4Ms 1956-A&O 3-5s series A1945..— Kings County Elec Lt & Power-— Purch money 6s g 1997.-A&O KIngsCoElev—SeeBklyn-Queens Kings Co Gas & HI 1st & '40 A&O Kings Co Ltg 1st ref 5s '54—J&J 1st ref 6%s 1954. J&J Kokomo Water Works— 1st 5s ser A 1958 J&D Lackawanna & Wyoming Val RK 103 M 63 M 63 M J&J Inland Gas 6 Ms 1938F&A / Certificate of deposit. / 6 Ms stpd 1938 (25% paid) Sinking fund deb 7s 1938.F&A Inland Power & Light Corp— Coll tr s f 6s A 1936 —M&S Oolltr s f 6s 1941 ser B—M&N 109% 102% 107 105 _ - J&D / Keokuk Elec 6s 1945... M&N Kewanee(Ill)Pub Ser 6s A '49 J&J Key West Electric 5s 1956 P&A Keystone Public Service— 1st M 5s 1978 M&N Keystone Telephone Oo— 1st & ref 5 Ms 1955 ser A--J&D 1st 1 & ref 6s 1951 ser B—A&O _ 75 75 . 1st 6s series K 1957.—--M&S Indiana & S W Gas & Util— 6% conv notes 1940.—-J&D Indiana Telep 5s A I960 J&J Indianapolis Columbus & Southera Traction 1st 6s 1948--F&A Indianapolis Gas 5s 1952-—A&O Indianapolis Power & Light— 35*s 1st mtge 1968 P&A 3s serial not«B 1940-1941—P&A 3Ms serial notes 1942-1945 P&A 4s serial notes 1946-1948—P&A Indianapolis Ry 5s. 1967 J&J Indianapolis Water— 1st mtge 3 Ms 1966 J&J Indianapolis W W Sec Co— 79% 86 s Maryland Light & Power— 1st M 5Ms 1950 ser A...-J&J Maysvllle P Serv 5 Ms A1942A&O 9 1st M 5%s 1955 ser P A&O 104 1st M 5s 1961 series G—-F&A 104 5s series H1961 F&A tAL.5s~L.9fi9- jsqtlI -—F&A «4Q2% 109 -lsfc&refiVr-5s-Jahl,I950:J'&J 1st 1 & ref 5s 1963— F&A ser 104% 101% 109% Kentucky Power & Light Co— 1st m 5Ms 1948 ser B M&S Kentucky Utilities Co— 1st M 6 Ms Sept *48 ser D M&S 99 M 1st mtge 5s 1958 ser A M&N Indiana Pr 1st 7 Ms *41 A .M&N Indiana Ry & Lt 1st 5s 1943.J&J Indiana Service Corp— , 1st mtge 4s 127 100% warr.-J&D / Kentucky-Ohio Gas Oo— Otfs ndebt 2s 1958 M&S ser 106% _ 1st 6 Ms 1942 with 43 44 _ 1st mtge 3Ms 1969... J&J Kentucky El Pr lstsf 6sl960J&J Kentucky Fuel Gas Corp— 106 M B—F&A Coll tr 6s 1957 36% Kansas Power & Light Oo— 98% M&N / 115 Secured 5s 1958.— 111' 36 125% 103% 1st mtge 4%s 1980.--.—J&D Kansas Power 4s series A *64 J& 103 Z2K- 41% 41% f 5 Ms '51 ser A J&J s f 5 %s 1952 ser B..J&J Mannheim & Palatinate Elec Cos 105% 1st mtge 3 Ms ser A 1966.J&D Kansas Gas & Electric— Deb gold 6s 2022 ser A—M&S 79 79 A&O 2d gold 4s 2013 .J&D Certificates of deposit 1st M 1st M 103% 109 51% 5% Manitoba Power Oo Ltd— 107 102 — 4 s—Ann O w Manhattan Ry (N Y) Cons 1st guar 4s 1990 Certificates of deposit 75 49 4 Manila Elec RR & Ltg Corp— 1st hen & colltr 5s 53 M&S 3 Kansas City Public Service— 1st ref 4s series O 1957—-J&J / 1st mtge 5s 1960 72 106% 1st income 3-6s 1957 w s An Oct 103% 105% 34 104 Indiana Gas Utilities 5s 1946.J&J Indiana Hydro-Electric Power— w 105 112% 1st M 6s 1947 series A 1st M 6%s 1953 series „ 103 5s 1954 J&D 102 M Indiana Electric Corp— _ 48% Ask 98 Macon Ry & Light 1st 5s '53. J&J Madison Rys 1st g 5s 1936.-M&N Manchester Terminal 2d Income 4s 1963 111% 78 109 Indiana Central Telephone Co— , 46% 2% 46% M&S Indiana Assoc Telegraph— 1st mtge 45*s ser B 1965—A&O , 1% Johnstown Traction 4s Dec *31*62 Cons mtge 3s B Dec 31 1962— 102 102 99 97 74 107 % Illinois Power & Light Corp— 1st & ref 6s 1953 series A..A&O 1st & ref 5%s 1954 ser B—J&D 1st & ref 5s 1956ser O——J&D „ 45 Joplin W W 1st 5s 1957 M&S Kankakee Water 4%s 1959._J& J Kansas City Gas 1st 5s *46—F&A 1st 6s series A 1942... .F&A 1st 5s series A 1948 , 102 % J&D 103 102 Bid McLaren Quebec Power— 1st s f 4s ser A1959—.—M&N Macon Gas 1st mtge 4 Ms '52. J&D & P— 125 72 (Ontario) 3%s 1943— J&J 45*s due Jan 1.1970——J&J 3%s 1947 A&O 2Kb 1942 A&O .s 1953 P&A 3s Aug 1 1948-'A&O Idaho Power 1st 3%s 1967—A&O Illinois Bell Tel 3%s B 70—A&O Illinois Commercial Telephone— III 111 Bonds Ask Italian Superpower Corp— See Investing Companies. Jackson County (Mo) Lt H 1st 6s series A 1956 _ „ Bid Bonds Ask Houston Light & Power— 48 25-yr s f 5Ms 1953 ser A—M&S Conv notes 3s 1949 104 98% 75 * Called Jan. 11 at 105. t Called Jan. 11 at 102. t Called Jan. 11 at 103. a Average price. 5 Basis, d Called Jan. 11 at 104. /This price includes accrued interest, e Called Feb. 1 at 105. k Last sale, n Nominal, r Payable in Canadian funds, x Called Feb. 1 at 103. V Called Jan. 11 at 105. BONDS UTILITY PUBLIC 76 bond price* are "and Interest" except where marked **f" Quotations for all securities are as near as possible for the closing day of the NOTICE—All Bid Bonds Montreal Tramways— 1st & ref g 5s 1941 opt—-J&J Ask • 81% 99% 51 Gen & ref 5s 1955 series A-A&O Gen & ref 6s 1955 ser B A&O Gen & ref s f 4 %s *55 ser C A&O Gen & ref 5s 1955 ser D.A&O 60 72 ■ 68"" 105% Morgantown Water 5s 1965--J&J Mount Hope Bridge 5s 1969.J&D 2d Income 8s Dec 15 1969 30-yr 3%s debs 1968. -—J&D 108% 105% 108% 12 3%s debentures 1954 108% 109% 97% 98% *107% 98% 1% 96 Nat Gas & El Corp 5s 1953-F&A 5s series B 1947 J&D Nat Lt & Pow 6s 1949 M&N 97% 96% 99% clV* 98 99" % 108% 121 25% 108% 124% 97 99 123 124 114% 102% 68 M&S J&D Oonv deb 5s 1950 M&N Convertible deb 5s 1962—J&J New Engl Pow Assn 5s 1948. A&O Deb 5%s 1954 J&D New England Power— 3%* series A 1961 M&N New England Tel & Tel— 1st 5s 1952 series A__ J&D 1st 4%s 1961 ser B M&N Newfoundland Light & Power— 1st s f4%s 1956 J&J New Haven Water— 1st & ref 4HiB 1970 A&O 1st & ref 4%s O 1981 M&S 4%s 1983 M&N N J & Hud Rlv Ry & Ferry— 1st gold 4s 1950 .M&S N J Pow & Lt 1st 4%s *60--A&O New Jersey Water Co— 1st mtge 5s 1950 F&A New Mex Gas conv 5s 1951 M&N 66% 67% 67 n§8% 100% 107% 68% 67% 68 69 98% 100% 109% 127 129% M&S / f 7s 1946 A..A&O 1st & ref 58 1955series B.-J&D 6s stamped 1942 -J&J 1st & ref 5sl9528eries 107 109 113 114 117"" 61% 107% 108 62% 47% 103 104"' 99% 60 85% 99 65 18 105% 105% 102% Newport & Fall River Bt Ry Consolidated 4 %s 1954 J&J Newport Gas Lt 5s A 1961--J&D Newp News & Hamp Ry G & E— 1st & ref Ss 1944J&J Newport Water 5s 1953 M&N New Rochelle Wat 5%s '51-M&N 1st 5s series B 1951 M&N 106 106% 102% 102% New York Edison Co— 1st I & ref 3 Ms ser D 1965. A&O 104 106 E'66 A&O 98 95 109 109 17 103 106 7% 7% 90 - Ohio Power Co— Deb g 6s 2024 100" 100 7% 8 95 104% r 105 109% 109% 140 121 107 Con 5s 1945 J&J NY&Westch Ltg 4s 2004--J&J Deb g 5s 1954 op guar J&J N Y & Queens Elec Lt & Pow— 115 1965--M&N 109 79% 82 12 110% 105% 113 103 99 108% 108% 106% 104% 103 108% 109"- 106% 116 108 109 103 -F&A F&A F&A Bridge & Ferry— J&J Ohio Term (Cleve) 6s 1947.-J&D 4s 1945-1947. 124% 117% - Ohio Valley Gas Corp— 1 st 6 %s 1943 (with warr) 123 Okanagan 104% 112% Tel(B C)5%s '56.J&J 109% J&J 106% AdJ income 6s Jan 1 1965__Apr Bleeck St & F F 1st 4s *50. J&J 9 38 38 78 107% 103% 104 110 3%s ser B 1955..F&A 107% 107% 103 17 103% 1st ref M 6s 1951 ser A..M&N Y State El & Gas Corp— 104% 107 F&A M&S M&S M&N 105% 106% 105% 107% 105% M&N / M&N / 105 105% 104% 8% 8% ref 5s *41 J&J Apr 1 Old Dominion Pow 5s May 15 '51 Omaha & Council Bluffs St Ry— 1st extd 4s 1947 J&J Ontario Pow 5s '43 op to '13.F&A Ontario Transmission Co Ltd— 1st. gu g 5s *45 opt hef '16-M&N Oklahoma Ry 1st & Income 5s 1990 N. Y. & Richmond Gas Co— 8% 9% - 106 Oregon Elec Ry 3s 1958 M&S Oregon-Washington WatT Serv 1st M 5s 195/ ser A .J&D Ottawa El Ry 4%s '48-'55-J&J — 19 58 107932 82% M 104% 107% 104% 107% 97% 92% M&N A&O Wat Serv 5s ser con 5s 60 Hest 1948 Mantua 1st extd 105% 49% 93 A '67.F&A 81 108% 108% 104% 107 104% 94% 83 87 116 1151 951 98 102 97 M&N M&N M&N F&A 102% 104% 102% 102% 96 117% & ©i W1 1 1 i111 i 1 1 1 106 109% 87"" 8 7 3% 114% 60 98 101 18% 95% 102% 20 Fairm— 5%sl939 Market Street i—» 84 94% Darby Media & Ches St Rylst 4%s 1936 J&J / 108 Elev Pass 1st g gu 4s 1955 Traction— M&N / 70 Ry— 98% M&N 99% 11 11% 15% 16% Union 95 100 95 1940, at 107%. t CaUed April 1 at 105. t Called Jan. 1, 1940, at 104. a Called Jan. 22 at 105. /This price includes accrued interest, k Last sale. ?i Nominal, Called Jan. 22 at 104. / Called Jan. 1, 107% 106% Co— Electric Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f—F&A ft f guar 5s 1962 M&S 6s gold 1962 M&S 1st m r e 6s 1944 J&J 4 80% 103 ; Philadelphia Company— Secured gold 5s 1967 105% J&D Ardmore Street 5s 1958.-A&O / 5 109 Duquesne Lt 1st 3%s '65.J&D Duquosne Trac 1st 5s '30-J&J 84 Plttsb Rys 5s 1953 A&O 2d Ave Tr 1st 5s 1934 J&D So Trac 1 st-& coll tr g 5s'50A&0 United Trac 5s 1997 ctfs.-J&J / 2% West End Trac con 5s '38.J&J / 8 Philadelphia Electric— 110% 1st & ref mtge 3 %sl967--M&S Philadelphia Electric Power Go— 113% 1st mtge 5%s 1972 F&A Phila & Garretsford St Ry— 58 1st 5s 1955 F&A 100% 109% 105% Oklahoma Power & Water— 1st M 5s 1948 ser A F&A 82 B'way & 7th Ave 5s 1943. J&D 108% 1st mtge .104% 109% 105% 1st & ref 5s 1950 102% 100% 98% J&D J&D 1st mtge 3%s 1966 Debentures 4s 1946 102% 99 F&A Prior lien 5s 1948 102 S8* 11 102% -403-%- M&N F&A 1st Oklahoma Gas & Electric— •109% 68% 1st consol 4s 1948 Oklahoma Natural Gas— New York Rys Corp— Prior lien 6s stpd 1958 80 125 . 91 7%s 1943 J&J Ohio Valley Water 5s 1954—J&J Ohio Water Serv 5s A 1958 F&A 101 1st lien 6s A 1949 w w.-.F&A P ioria Water Works Co— 108% Ohio River 1942 124 5s 1949 81 Peoples Gas (N J) 1st 5s '68. J&D 84 Istsf 5%s i960 J&D Peoples G & Fuel 6%s ww'37 A&O / 22 Peoplo's G L & Coke, Chicago— 115 1st cons g 6s 1943 A&O 115 Refunding gold 5s 1947-.M&S 1st & ref 4s 1981 ser B J&J 95% 1st & ref mtge 4s ser D '61 .J&D 97% Mutual Fuel Gas g 5s' 47 M&N 116% Peoples Light & Power Corp— 1st Hen 5%8 1941 J&J / 115 Conv deb 5s 1979 J&J / 15 Peoples Light & Power Co— 99% 1st lien coll 3 6s 1961 J&J Peoples Telep (Butler, Pa)— 100 4s 1960 J&D Peoples Tract—See Phila R T ' Peoples Water Service (Md)— 99% F&A 3 %-3%s 1941-42 Elec & . 95 F&A 1940 106 12 M&S Penn Notes— 3s 110% 104% 95% 91% Pennsylvania Gas & Elec Corp— 79 Deb gold 6s 1976 ser A M&S Pennsylvania Pow & Light Co— 1st mtge 3%s 1969 108% F&A 108 4%s debentures 1974 F&A Pennsylvania State Water Corp— 1st coll trust 4%s 1960--M&N 103% Penn Telep 1st M 4s 1965._A&O t 105% 106 Penn Water 1st 3 %s A '67--F&A 100 Penn Water & Pow a f5s '40. J&J 'st. ref 4%S 1968 ser B 106 .M&S Ref mtg& coll tr3%s 1964. T&D 103% 67 J&D A&O 1st mtge 4s. 1962 110 J&D / Gas 94% 111 Pennsylvania Gas & Elec Co— 1st 1 & ref 5%s '55 ser A.-M&S 1st L&Ry 5s 1958 M&S Ohio Public Service Co— 1st mtge 3 %s 1968 Passaic 24% 109% - A&O 1st & ref 4s 1971 ser F 1st & ref 5s ser H 1962 Ohio Edison Co— M&S & Pennsylvania 67 J&J '44-J&J Co— 112 Penn Public Service Corp— 1st & ref 6s ser O 1947 M&N 1st & ref 58 series D 1954-J&D Electric— stamped 1945 M&N Elevated (Chic)— 1st mtge 5s 1941 opt M&ft Union El (Loop) 5s g'45__A&0 Northwestern Light & Power— 6s series B 1950 F&A Northwestern Power Co Ltd— 1st M s f conv 6s *60 ser A.J&J Certificates of deposit 68 1st 5s New Amster Gas 6s 1948--J&J NY & ER Gas 1st g 6s '44--J&J - 14 14 3%s 1943-1944 1st g 5s Dec. 1 1948 J&D Pur mon coll tr 4s 1949—F&A Ed El 111 N Y con g 6s '95 J&J I960 1st mtge 3%s 1964 New York State Rys— 1st con 4 %s 1962 ctffs 1st con 6%s 1962 ctfs 11 lstM6%s 1936 with warr.J& 1967 . Deb g 08 1 950 ser A Deb 5%s 1959 ser B.. Gas— 107 102 N Y Gas Elec L H & P Co— 1st mtge 4s 1965 1st M 4 %s 1980 62 1st mtge 4s N Y Cent Elec 1st 5s 1952-_J&I d 103 N Y & East River Gas1—See NYGELH&P 1st lien & ref 3%s ser 86 63 109 93% 106% 106% nil 22% Penn-Jersey Water— 1st coll 5 %s 1900 Penn-Ohio Edison Co- 85 1st mtge 3%s 1972.. J&J Ohio Elec Pow 1st M 5s '57-J&D 114 M&S —1st—5s M&N 8 f reg income 3-6 %s May 1 '69 N'west Cities Gas 6s 1949—J& • M&N 110% 110% Serv— 161 1st Hen 4-6s 1968 1st & cons 4s 1965 Northwest Pub deb 6s 1950 125 30 Deb 5s 1956 F&A Oberpfalz Elec 7s 1946 J&D Ogden Gas 5s 1945— M&N Ohio Assoc Telep 4 %s 1966.J&D Ohio Cent Telep 1st 6s '47 J&J Ohio Cities Water Corp— 1st M coll tr 5%s '53 ser A. J&J 108% Non-cum inc deb 6s 1950-M&N / NY PA NJ UtlUties— 105% 105% 112% J&J 1942 Penn Central Light & Power Co— 1st & ref 4%8 1977 M&N f g 5s 1940 opt—J&J Utilities Co— J&D 80 109% 112% Pecos Valley Power & Light Co 1st extended 6%s 1950.-M&N 100 110% A 1957 5s, consol gold 109% ser 37 Paterson & State Line Traction— 5s 1964 J&J 107% 110 103 52 49 Paterson 109% N'western Telog 1st 4 %* 100% 46 Parr Shoals Pow 5s 1952 Paterson Ext extd 5s 1950 129 J&D Nova Scotia Light & Power 1st M s f 4s 1957 104 49 Ry g 5s 1942 B1966 A&O Ref mtge 3 %s ser O 1960-J&D 106% M&S 1st M 5s 101% , Pacific Power & Light Co— 1st M 5s 1955 F&A Pacific Telephone & Telegraph— 103"" 106 Louisiana 101% 35 Pacific 105 1st & ref 5s 1962 A&O Northern States Power (Minn)— 1st & ref M 3%s 1967 F&A Northern States Power (Wis)— Northern 103 r Paterson Ry—See Pub 8erv Corp Pecos Valley Gasext6%s '44M&N A—M&N 1st Hen & ref 6s 1947 B... M&N •Northern Okla Gar 1st 5s *4Q- J& J s r J&J 1st Northwestern Pub Serv Co— A.-.J&D / 102% Inc 6s Nov 1949 ser V 102% Northern N Y Utilities Inc— Ooll tr M&S 1969 1st & ref M 3 %s ser 11966. J&D Pacific Light & Power Co— O 1st mtge 3%s 1964 Northern Texas Elec Co— 3%s Ref mtgle 3 %s ser M&N 1st &ref 5s l969ser D-.-.M&S 1st & ref M 4 %s 1970ser E .T&D 1st 3%s series A 1969 F&A Nor Indiana Telep 4 %s '55-M&N 1st New Orleans Pub Service Co— e 107% Northwestern 99 New Orleans Pontchartraln Bdge * 101% 84% 72% 106% 1st & ref 5s 1956 ser A mtge Oonv 106 Northwestern 125% r 1st mtge 6s 1958 J&J New Orleans City & Lake— 1st s f 5s 1943 J& ' New Orleans City RR 5s'43 J&J 105. 104% 1st M & lien 5%s 1957 -.M&N North Shore Gas Co of Illinois Northwest New Mexico Power— 103. 102% 46 ser 98 Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 1st &ref M 48 ser G 1964.-J&D 1st & ref M 3 %s ser H *61 .J&D 105% Northern Penna Power Co— Deb g 5s 1947 Conv deb 5s 1948 4%s 48 106% 30 1st lien & ref 7s 1946 78% Newark Cons Gas con 5s '48-J&D Newark Gas 6s Apr 1 1944--Q-J Newcastle (City of) W 5s '41 J&D New England G & E Association 1st 65 Northern Indiana Pub Serv— GELH&P N 43 105% 105% 106% 1st coll & ref 5%s *48 ser A_ J& J North Penn Gas Co— 111 101 Refunding 5s 1901 M&S Los Angeles Pacific Co— 1st ref g 4s 1950 opt '15-.J&J Los Angeles Pacific RR— 1st & ref mtge 5s 1943.M&S 109% North Continent Utilities Corp— 107 24 Nev Calif Elec 1st 5s 1956—A&O Deb 6s July 1941. J&J New Amsterdam-Gar—Seer N Y M 3%s 56 Joint 1st mtge 4s ser A '42. J&J North Texas Co 3-6s 1957—J&J North Ind Gas & El 6s '52--M&N 24 Nat Toll Bridge 6s stmp '39-J&J Nebraska Pow 1st 4%s 1981-J&D Deb 6s 2022 M&S cons 109% Ltg Properties 3%s secured notes 1947--.A&O Nortn Carolina Gas 6s 48--M&N North Central Gas 5 %s 1955 A&O 1st & ref 5s 1966 Debenture gold 5s 1978.-F&A Certificates of deposit 1st & 110% Boston 111% — s North 102 r r Ozark Power & Water Co— 1st a f 5s 1952 M&S Pacific Coast Power 5s 1940-M&S Pacific Elec North Amer Light & Power Co— S f deb 5%s 1956 J&J 107 National Power & Light— Deb 6s series A 2026 F&A Deb 5s 2030ser B-._ -_M&N National Public Service Corp— 1st 109% 4s debentures 1959 -F&A Nor Amer Gas & El 6s 1949..J&J J&J / 1978 1st F&A F&A 3 %s debentures 1949-. Mut Fuel Gas-See Peoples GL&C Mutual Un Tel—See West Un Tel 5s stamped 98 North American Co— Municipal Gas & El Corp of Recldnghausen 7sl947 J&D / Narrangansett Electric Co— 1st mtge 3%s 1966 -J&J Nashville Gas & Heating Co— 1st 5s 1951 M&N Nashville Railway & Light— Cons g 5s 1953 opt 1908—J&J Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945--F&A National Electric Power Co— 97% 3-3 %s 1910-1948 A&O Otter Tail Power Co (Minn)— 1st mtge 4s 1901 J&J See N Y Gas Elec Lt & Pow 102% 103% Muncie Wat Works 5s 1965.M&N 110% Ask Serial notes— Niagara Falls Power— 1st & ref 3%s 1966 M&S Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A -A&O Nippon Elec Pow Ltd (Japan)— 1st mtge 6%s 1953 J&J Norf & Ports Bdge 6%s '47--F&A 100% 102% 1st M 6s 1938 series B Mountain States Tel & Tel— 105 Ottawa Light Heat & Power—■ Ref & coll tr 4s 1957 A&O 110 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— 23 J&J J&J 1st & ref 5s 1938 Bonds 104% J&J Ref mtge 3 %s ser B 1967--J&J N Y Water Service Corp— 86 Mountain States Power Co— Bid Ask Bid Bonds New York Steam Corp— 1st mtge 3%s gtd 1963 New York Telephone Co— and Income and defaulted bon month preceding the date of issue Elec & Peo 4s tr ctfs '45.A&O / People's Traction Co— P P Ry tr ctfs 4s '43-F&A / Union TVaction 4s 1952.J&J 94 Called Jan 1 at 103. hBasis. d Called Jan. 1 at r Payable in Canadian funds, x Called May 1 at J&N., 1940] PUBLIC NOTICE—All bond UTILITY BONDS 77 "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 Suburban Water Co— s f 4s 1965 -^-M&S are Ask Bid Bonds Phlla "1st prices 107 108 % J&J J&J 33 Phlla & Western Ry 5s 1960-J&J Philippine Long Distance Tel—■ 1st s f 6s series A 1953 J&J Piedmont Hydro-El Co (Italy)— 1st &refsf 6%s 1960ser A A&O 4 1st 6s 1954 Pinellas Wat Co 5%s 1959.M&S Pitts Canonsburg & Wash 5s 1937 Pittsburgh Rys—See Phlla Co Pittsburgh Suburban Water Serv 1st 1 & ref 5s 1958 M&S 43 "4% 101 104 107 96 Pt 105 Henry LII & P 1st 5s '46.F&A Portland (Ore) 1st & ref g 5s Certificates 1st l'n & gen Gas & Coke— '40 opt '20. -J&J of deposit—— 4%s 1940—J&J Portland Gas Co 1st 5s 1951-F&A Portland(Me) Gas L 5s A'50 A&O 30 12% Portland Elec Pow 6s 1950-M&S 22 % 106 101 17% Potomac Edison Co— 1st mtge 5s 1956 ser 108% 108% 3%s ser Sub 1st 5s San Diego Co Wat 6s A 105 '62.M&S Bay Toll Bridge—_ 1st M sink fund 6%t '57-M&N / Deb s f 7s 1942 M&N San Joaquin Lt & Power Corp— 30 Unlf & ref 6s 1952 43 106 4.20% 108% 108% 107% 105% 81 4s series B1959 2d 6s '14 ext 5% to *44.A&O 95 100 So Jeisey Gas El & Trac— Guar g 5s Marchl .1953.M&S 108% 109% 1st mtge 4s ser A 1966 107 F&A Serial debs Feb 1 '40-'46.F&A 61.00 to Public Service Co of Pa— 1st lien & coll 5%s *53 62 J&D Public Service Elec & ^as Co— 1st & ref M 3 %s 1968 J&J 111% Public 1st J&J J&D 146 219 Utilities Consol Corp— M 5%s 1948 M&S 111% i 149 223 87 88% 73 100 Puget Sound Power & Light— 1st & ref 5%s 1949 -J&D 1st & ref 5s 1950 ser O—-M&N 97% 1st & ref 4 %s 1950 ser D.J&D 92% Quebec Power— 1st & coll 4sl962 J__-M&S 78 Queensboro Gas & El 5s '52-J&J 118 Conv g deb 5%s *52 ser A-A&O 95% Republic Service Corp— 1st coll trust 5s 1951 J&D 75% Rhine-Ruhr Wat Serv Union— Extl deb 6s 1953 ----J&J / 12% Rhlne-Westphalla El Pr (Germ'y) ~Vn Mtge g 78 1950 —M& 13% Direct mtge 6s 1952 M&N!/ 13% Con mtge 6s 1953 F&A1/ 13% Cons 68 1955-. A&O / 13% Richmond (Ind) W W Corp— 1st M 5s 1957 -M&N 105% Richmond (S I) Lt & RR— 1st coll tr f 4s 1952 J&J 105 — 108% 3.70% 71 1st coll 4-5%s 1948— A&O Puerto Rico El Pow 4s to '56-J&J - 80 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge4 %s 1977ser D.M&S Gen 3%s series H 1967 M&S Gen mtge 3%s ser 1 1967.M&S Gep mtge 3%s ser J 1969-M&S Lighting Co— 94% 94% 108 95% 95% 76 78 98% 99% 102 62% 65 73 1st mtge 4s 1966 Serial debentures— ...J&J ...J&J 103 105% 100% 6s stmp ext May 1 *48 Debenture 6s 1951 Debenture 6s 1966 67 67 A&O F&A 67% 67% 66% J&D 6s gold debs 1957 F&A Standard Power & Light Corp— Deb g 6s 1957 F&A Standard Public Service Corp— 1st lien 6s series A 1948 F&A 1st lien 6s 1948 ser B J&D Standard Telephone Co— 66% 73 73 1st 1 coll tr 5%s '43 ser A. M&N Conv deb 6s 1938 M&N Stettin Pub Util 7s 1946 A&O 88 13 12 Steubenville Wellsburg & Weir ton Ry 1st 5s 1951 A&O Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D 17 113% 126 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 17% 4% 52% - 5s 1961 96 A&O 89% J&D 74 94 1958 1953 99 1st M 5s 1943 .F&A Ref s f 6s series A 1955. M&N Ternl Hydro Elec 6%s 1953.F&A 100% — Sioux City (la) Serv 6sl951-J&J Terre Haute Traction & 1st con M g 58 1944 100 Terre Haute W W 1st M 6s 1949 1st M 5s 1956 1st ref 5s 1950 M&N South Carolina Power Co— 1st lien & ref 5s 1957 J&J 78 79 99% 99% South Jor G E & T—See Pub Serv ice Southeastern Gas & Water Co— 1st lien 6s 1944 „_J&D 1st lien 68 x-w 1941 J&D Cor 25 93 60 45 Light— M&N 108% Corp— sir A ser B J&D F&A 102 102 Texarkana Wat 1st 5s '58.-F&A 105% Texas Consumers Water— 1st 6s A 1939 A&O Texas Elec Ry 5s 1947 3 J&J Tex Trac 1st 5s 1937 opt—J&J / 3 Texas Electric Service Co— 1st mtge 5s 1960 J&J 104% Texas Gas Utilities Co— , 30 65 S'eastern P & L deb 6s 2025.M&S Southern Bell Telep & Teleg— 112% 113% 3%« debentures 1962-.._ A&O 3s debentures 1979 J&J 90 34 120 — 3s 1940-41 5s 1942-1946 77 79% 104 ...M&N Temescal Water 1st 5s A '60 M&N Tennessee Eastern Elec Co— 10% 105 103 A.-.J&D M&S 5s 103 J&J ser Telephone Service (Ohio)— 107 1st 5%s ser B 1957 M&S Silesia Elec Corp s f 6%s'46 _F&A Sioux City Gas & Electric Co— 105 78 1st mtge 5s 1957 Deb 5s Mtge g 4s Dec 1. 1943...J&D South Bay Consolidated Water— 106% 109 106 — Telephone Bond & Share Co— 67 Somerset Un & Middlessex Ltg— 88 A&O 1st ref 5s 1965 1st Gen income 4s (w-s) 1957-A&O Sierra Pacific Power Co— 1st & ref 5s 1960 ser A M&S 96% Valley Gas Co— Deb g 15% 68% Shreveport Rys— 108% 104% 109 109% 109% 110% 108 109 108% 110% 104 106 — mtge 58 1950 A&O Roanoke (Va) Gas Light— 1st 5 %s 1951 F&A Roanoke Ry & El 5s 1953--F&A Rochester Central Power Corp— 105 50 Shawinlgan Water & Power Co— 1 st M&col s f 4%s'67 ser A A&O 1st coll tr 4%s ser D '70-A&O 1st coll tr 4s ser F 1961 A&O 1st coll tr 4s ser G 1969--J&D Shenango Val Water 4s B'61 A&O Shinyetsu Elec Pow (Japan)— 1st sink fund 6%s 1952 J&D Shrevp't Bdse & Term 5s'55_F&A 72 Convertible notes— 64 13% 73 75 6s stmp ext May 1 *48—..A&O 96 M&N M&S 1948 Stamford Water 1st 5s 1952—J&J Standard Gas & Elec of Del.— 94 68 98 - 1st 104% 105 93 111% 4% Spokane Gas & Fuel 5s 1944.F&A Spring Brook Water Supply— Springfield (Mass) St Ry— Ref & gen 6s 1940 3 A&O 98% , Flo Grande 92 91 1st 5s 1944 a M&S Second Ave Trac—See Phlla Co— Seattle 105 Spring Val Util ref 6sl943„ J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O Springfield (Mo) Gas & Elec Co— 106% 107% 105% ..A&O Income 3sApr 1 1959 Seattle Gas 1st 5s 1954 126 Public Service Co of Nor 111— 1st mtge 3 %s 1968 A&O Public Service Co or Oklahoma— 2037 90 1st & rer ns 1967 ser A F&A 1st & ref 5s series B1961.F&A Scranton Trans ser A 5s'59.A&0 63 ref 5s 132% 102% Schenectady Ry 1st 5s Mar 1, *46 Scioto Val Ry & Pr 1st 6s '43. J&D 102 83 70 1st 6s 1949 105 M&S Scranton-Spg Brook Water Serv— 61 & 18 % 131% Ry debenture 4%s 1943—J&D Savannah Electric & Power Co— 1st & ref M 5s ser F 1955-M&S Savannah Elec Co 5s g *52. J&J Sayre (Pa) Elec 5s 19471 A&O 102 J&D ^:-lstM"5s4^957'serBr_:^-iF&A cM02%t 1st mtge 3%s ser A 1969—J&D 102% Southwestern Power & light— Deb g 6s 2022 series A 103 -M&S Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J 107% Southwestern States Telep Co— 1st M 6s 17 ^ 1st mtge 3%s ser A 1961--J&D Santa Barb Tel 3 %s ser C'66 J&J 1st 4%s 1958 155 Ry— & ref 8s 2037 112 Sandwich Windsor & Amherstb'g J O Hob & Pat 4s 1949—-M&N Paterson Ry— 1st B—M&S ser San Jose Water Works— 104% 151% 1st g 5s Dec 1, 1950—J&J Ells & Karitan Riv 5s '54-M&N Elizabeth & Trent 5s '62.A&O 1st 103 Scranton Gas & Water Co— J&J 1946 Ells Plalnf & Cent Jersey a 108% San Francisco 107% 107% 106% 104% Public Service Corp of N J— Trust certs 6% perpet—M&N Camden A&O Apr 15 1940-48 110 14 F&A J&D st 105 107% —-•—A&O San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965—M&N 104% 6% 70 1st & ref M 3s ser C 1968—J&J 107% Southwestern Gas & Elec Co— 1st 48 series D 1960 M&N 106% Southwestern Light & Pow Co— 1st M 5s 1957 ser A F&A d 102% 102% 100% 106 *60--M&N 1st 3 %s series EF1961 3%s series 1966 1st mtge 4s 1963Serial notes— 86% M&S Southwestern Bell Telephone— 1st & ref M 3%s ser B '64 J&D San Antonlo-PubllG Service- 109% - 52 Southwest Telephone Co— 1st 6s series B 1947 1st 6s series C 1947 111 —-M&S 96 37 99 F&A Users Assn - 95 100 114 99% 6s 1940-1943 F&A San Angelo Telep 1st 5s 1958 F&A San Antonio Gas & Electric— 4s O 1960—F&A 63% 11% 75 126 93 Southside va Pow 5s 1956--F&A Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N Conv deb 6s ser A 1932 J&D Southwestern Assoc Telep Co— 1st M 5s 1961 .—A&O Guar 5s 1952 -111- 74 a f S'west Nat Gas Inc 6s 1966--A&O Salmon River Power— Salt River Val Water 5s 1949 124 Southern Trac—See Phlla Co Southern Union Gas— 1st & ref 5%s series 11945 A&O 1st & refine 5%s ser II'45 A&O ...—M&S Light— Gen gold 5s 1944 82" Public Gas &Ooke 5s 1952—J&D 42 Public Service Co of Colorado— 1st mtge 3%s 1964 103% J&D 4s s f debs 1949 J&D 105% Pub Ser of Indiana 6s 1952-F&A 1103% 1st mtge 4s ser A 1969 102 M&S Serial debs 3 %s Sept 1 '40~'49_. 60.65to Public Service Co of N H— 1st mtge 11% i8oVA Provincial Light Heat & Power 5s 1946 —M&S Prussian Elec 6s 1954 F&A 1st mtge 3%s ser D 63% 107 70 1st M 5%s May 1, 1960..M&S 3.40% St Paul Gas 110 109 I 102 106% 6s 1942— -A&O Southern United Gas Co— Non-cum 6s (ws) 1951 / Southern Utah Power Co— 105 1964— 101 Adj mtge inc Jan 1 6s '60.A&O 1st M pipe line s f 4 %s *51 A&O Southern Neb Pow 5%s B'47 J&J South N E Telep 1st 5s 1948. J&D 10-year coll 115 St Louis & Springf Peoria RR— 1st & ref gu g 5s *39 opt—J&D 81 (Calif)— M&N Ask Corp— S'west Pub Serv 6%s 1937--M&S 1st mortgage 5s 1959 Convertible income 4s 102" 104% 17% B 1963 F&A 98 81 St Louis Public Service— 98 Conv deb 5s ser A 1957 J&D Power Secur coll tr 6s '49..J&D 110 97% 83% Porto Rico Telep 6s 1944—J&D Postal Teleg & Cable 5s *53-J&J ser 109 82% 100 98 Providence Gas 4s 106 82 80 Power Corp of Canada Ltd— Conv deb 4 %s 1959 8er B.M&S 102% 83% 80% 106% 1st M 4%s 1961 series F_—A&O "TofomacTHectrlcTower— 1st mtge 3%s 1966 J&J 100% 104 3-4%s 1941-43 -J&J hi.00 to St Joseph Water 4s A 1966--A&O 106% St Louis Co Gas 1st 5s 1951-A&O 107 Portland General Elec Co— 1st &ref 4%s 196u M&S 1st M 5s 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 E.-M&N 35' 17 S0H — 105% Southern Counties Gas 1st M 4%s 1968 Southern Natural Gas Serial notes— 24% 105% 65% 46 106 1st mtge s f 4%s 1979 J&D Saguenay Power 4%s A 1966 A&O 1st 4%s series B 1966 A&O St Clair County (111) Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st mtge 4%s 1947 J&D 12 54% 105% 64% 44% Gen M 4%s May 1948—M&N 1st s f 4s Oct 1945 A&O Safe Harbor Water Pow Corp — 103 Pittsburgh Trac 1st 5s 1927-A&0 Plainfleld-Un Wat 5s A '61-M&M Platte Val Tel 1st 4%s '58-M&N Pomeranla Elec 6s 1953—M&N 53 105 60% 43 Rumford Falls Power— 6 Bid 58% 1958.M&S 1958.M&8 Rome (Ga) Ry & L 5s '46A&O Ruhr Gas Corp 6%s '53 A_.A&O 46 Bonds Southern Cities Utilities Co— 1st lien & coll 5s 1958 A&O Southern Colorado Power Co— 1st g 6s 1947 seriesA J&J 40 S f4%slnc A notes S f 4%s inc B notes 92 43% 101 Water extend 5s 1951-—-M&S Roch Ry cons 5s g 1930.--.A&O d 5s g 1933 ctfs of dep J&D Rochester Transit Corp— Phlla & West Chester TractionIs t 4s 1954 Ontario Lake & Ask Bid Bonds Rochester 105 Southern California Edison— Ref mtge 3 %» May 1 I960-J&J Ref mtge 3 %s ser B I960—J&J Southern California Gas Co— 1st & ref 4 %s 1961 M&S 105 1st M & ref 48 Aug 1 '65 F&A 110 Southern California Water— 82 1st M4Hs 1960 A&O 1st 2-6s 1951 M&S Texas Hydro Electric Corp— 1st mtge 6s ser A 1956 A&O Texas Pow Corp 6s 1956.—M&S General 6%s 1956 Texas Power & Light— Deb g 6s 2022 ser A 1st & ref 5s 1956 M&S J&J M&N Texas Pub Serv 1st 5s (w-s) 1961. Texas Traction Co 5s 1937--J&J / 23% 87% 100% 92% 113 107% 98% Southern Canada Power— 120 4%s 1962-.— A&O r 103 107 109% 106% 107 r ♦ Called Feb. 1, 1940. at 105 Interest, k Last sale, n Nominal, /Called Jan. r 11 at 103%. a Payable in Canadian funds. Average price. 5 Basis, d Called Jan. 26 at 102%. / This price includes accrued PUBLIC UTILITY BONDS 78 NOTICE—All bond prices are "and Interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the Bid Bonds AdJ inc g 1st 5s; g Third Ave RR Westchester El 1st 5s g Yonkers Ry 102% 1st 6s (Japan)— 103 104% 75 5s 1949.-M&S 6s 61 A&O 5s 1968. _J&J / 80 122 125 1950-^&D Union Gas System— *\ 1st M & coll s f 5s 1948—J&D 1st 4 %s End Trac—See Phila Co West Ohio Gas 6s A 1954---J&D 107% 103% 100 85 87 M&S 118% 119% 110% Westchester Service Corp— 4s 1948-1953 Union Union 60 ' Service Co— 5%s *51 ser A.M&N Unit Elec Co of N J 4s '49--J&D 103 98 1951 ser B— Gen ref M 4s Jan United Gas & Fuel 45 1948—-J&J United Ilium Co New Haven— 1st 4s Feb 1 1940 F&A United Light & Power Co— 1st s f 5%s r 45% 83 1st 1 & consol 5%s 1959—A&O Deb g 6s 1975 M&N United Lt&Rys (Me)6s A*52 A&O Deb 6s 1973 J&J Un Lt Rys (Del) deb 5%s.52 F&A United Public Utilities Corp— Conv coll tr 6s A 1960 J&J Convcolltr 5%s B 1960—J&J United Rys Cos 4% ctfs '49.J&J United Railways of Havana— 100% 100% 86% 106% 87% 108% 83% 83 118 119 79 80% 92% 93% 101 98 103% 99 7 F&A / Louis— 35% July 1 1934——-J&J 37% City & Sub Pub Serv 5s 34-J&J / United Securities Co Ltd— Coll s f 5%s ser A 1952--M&N 52 Coll s f 5%s ser B 1952.-M&N 52 United Telep Del 6s A 1948 A&O 91 United Tel & Tey5%s A'53.M&N 100 1st lien 6s ser B 1953 M&N 100% United Traction (Albany)— Con g 4%s 2004 J&D / 4 Unit Trac (Pgh)—See Phila Co Unterelbe Power & Light Co—Sink fd M 6s 1953 A&O / 12 Upper Mich Pow & Light—• 1st mtge 4s ser A 1959—F&A Utah Lt & Tr 1st 5s 1944 A-.A&O M&N 1st lien gen M 5s 1944—F&A 1st lien & gen M 4 %s 1944-F&A 103 98 5 * 100 2% Bear 119% ♦ 40c Bell * r 74 101% r Telep of Pa 6%% pref —100 25 —100 Birmingham Elec %7 pref * $6 preferred* Birmingham Gas common......2 $3.5J prior preferred 50 $6 preferred * 10 Birmingham Wat Wks 6% pf-100 Blackstone Vai Gas & El pref. 100 67% 66 68% Boston Edison 37% 38 M&N 1941 opt 55 55 105 104 101 % 105% 104 59 49 109% 60% 107 % 101 J&J 108 1961 Wisconsin Power & Light— 103 _ 105% 106 mtge 4s 1961 J&D 109% Serial deb 4s June 1 1940-46— 60 75 to Wolverine Pow adj 4 %s Mar 104 1'591 1952 J&D f Cum income 6s (w s) 1952-J&D / Cum income 6s 45 7% 35% 7% 37% * r 45 Cable & 70 74 103% 99% M&N / 1950—J&J J&J Co Bldg (Kanata Realty)—. 5s 1956 F&A Utica G & El ref & ext 5s *57 3 4% 124 127 . • Utica & Mohawk Valley Ry— 1st 4%s M&S / 1941 100% 102% _ Utilities Power & Light Corp— Deb g 5%s 1947 J&D / Deb 5a 1959. F&A / 2% 88% 88% 99 New 4%s debs w i 1944 Utilities Public Service Co— 4 90 90 102 6 J&D / 15 LtgCorp 1st 5s'44 A&O / 10 J&D / 12 Virginia Electric & Power— 110 1st & ref M 3 %s B 1968—M&S Virginia Public Service Co—• 102 1st & ref 5%s 1946 ser A--F&A 1st & ref 5s 1950 ser B J&D 100% 49 15"" Jst & ref 6s1946O 1952 ser )eb f 6s s M&S F&A 102% 99 17 let M 4 %s A 1956 J&J Washington Gas & Electric Co— 1st if 5%s 1947 -F&A 1st M 5%s 1953 J&J 1st M 5s 1955 M&N 1960.F&A Washington Gas Lt 5s '60..M&N Washington Ry & Elec Co— Consolidated 4s 1951 J&D 1st lien & ref 6s w w Pot 5s 1949 5s 1949 City & Sub 5s g 1948 1st guar Allegheny Traction—See Phila Co Allentown Beth Gas pref 50 Ainer & Foreign Pow com * !7 preferred. 6 cum pref %°7, 104 106 70 72 70 72 68 70 50% 51% 123 125 107% 96% 109 A&O A&O 110 F&A 96% 23% 106% t Called Jan. 2 at 102%. 22% 107 1% "4% 82 82 101% 24% 37 99 * com • % 3% r 1 Canadian Marconi Capital Transit (Wash, D O) 6 preferred. 103"" 25% 40 104 17% % 13% 18 1 102 15 92% 93% 160 19 9 12 105 89 94 102 108 100 97 1 Central Elec and Tel com 97% 1.00 Gas & Elec 58 1% 6% 19% » % 38% 113% com._— ...» & Traction. —25 25 preferred. 2 % 15% * 27% 4% * -♦ 57 47% & Light com $6 pi 4erred_ $5 preferred- — 7% pref—.100 American Service S3 preferred-_* Amer States Utility com 1 Amer Public Serv 5%% preferred Superpower Oorp com First J6 preferred Preferred $6 series American Telep & Teleg Amer Utilities Service com 6% preferred Amer Wat Wks & Elec com 25 101% 91 1.10 96 82% f Flat price. 70 73% 97 105 1% 108 107 Central N Y Power Oorp— 24% 6% 97% 20% 90 98 92 %> 109 111 38% 114% 100 101% %6 70 113% Prior 118 Central States Pow & L $7 pf-. 4 Cent Vermont Pub Serv 6% pf. Central West Co. v't c 104 1 48 97 16% 17% 2% "H 2% 15% 15% 1 | % 74% | 109 15% 170% 15% 171 I 96 25c 35c * 11% I 97 6% * 113 108 ; I Preferred BB. 110 1 \ 116 ♦ n Nominal, 2 4% 7% 11% 94% 25 1% 4% 1% 15% 28% 4% 57% 94 % 68% 2% % 72% * Last sale, 112% 83% 72 ♦ — 116 65 * 100 * 14% 105 ♦ Appalachian El Pow 7% pref 0% preferred — 6 Basis, 42 111% Cent Indiana Gas 6%% pr Cent Indiana Power 7% pr 80 * Amer Cent Illinois Light 4 % % pr Cent 111 Pub Serv $6pref. $7 preferred. Citizens Traction—See Phila Co 1 Citizens Utilities com ♦No par value, 23% 21% 95 * 24% $6 1st preferred 100 91 A—.* ♦ $6 preferred American Light 100% 90% 79% ♦ 7 second 2nd pref series Amer Powej Wabash Telephone— Anacost & * $6 preferred * $5 preferred * Alabama Water Service 6 % pref. * 102% 100 1% 13% 50 14% 114% PUBLIC UTILITY STKS. Alabama Power $7 pref 110% 103% 13 41 Warrants.. 100% 49 1% 12% 12% 152 Amer Gas & Power com Eleclty 7s 1947 14% 49% 48 100% 74 78 A&O 104% Yonkers Ry—See Third Ave Ry York (Pa) Gas 1st 5s 1941.M&N 101% York Haven Wat&P 1st 5s'5lJ&D 119 York Rys 1st M ? 5s '37opt. J&D / 96 5s stamped 1947 J&D / 96% Amer Conv 6s 1933 Vesten 180 14 or 1971-A&G,/ Warrants Vermont 28% 3% 6% 150 Utica Belt Line Street Ry— 1st 5s 1939 Utica El L & P 1st 5s 38 28% 2% Wireless Ltd— Canada Nor Pow 47 Yadkin River Pow 1st 5s '41 99 • r Light Oo v c c—25 Brooklyn Edison 100 Bklyn Manhat Transit * $6 preferred series A ♦ Certificates of deposit Bklyn & Queens Transit com * $6 preferred--. * Certificates of deposit Bklyn Teleg & Mess'ger (gu)-100 Brooklyn Union Gas • Buffalo Niagara & East Power— $1 60 prior preferred 25 S5 1st pref ♦ Wuerttemberg (Germany)—See 101% 102% " 145 44 ♦ 3.75% Worcester Transit Association— Hydro-Elec 3 113 Service Corp— 1st Consol 45% 55 110 J&D 4s ser A 1966 Wyoming Vail P 8 6s 74 70% 44% Ordinary shares Amer dep rec 7%% A ord..£l Amer dep rec B ord £1 Amer dep rets 5%% prer £1 Calif-Oregon Power Co— 6% preferred series of 1927 100 6 % preferred 100 Oalif Water Serv 6% pref 100 Wisconsin Gas & Electric— Wisconsin Public 85 69 2% Brockton Gas Water 3%s 54% 72% 100 BostoD Elevated Ry com Brazilian Tr Lt & Pow ord 78% 15 Winnipeg Elec 1st 4%a 1960-J&J 1102% Gen 4-5s series A 1965 J&J 51% Gen inc 4 -5s ser B 1965—J&J / 47 Wise Elec Power 3%s 1968-A&0 109 Wise Fuel & Lt 1st 5s 1948.-M&N mtge 123 • 82 144 Class B 104% —-M&S F&A M&N Water 6s 1949 1st mtge 166% 36 76% Co— M5s Aug 1952ser A...F&A 1st 6 165% 122 100 Bridgeport Gas Light 101% 4 52% ... . Co ll2"" 5% 100 — 90 1.80 110 2 Beaver Valley Water 6 % pref.l 00 Bell Telephone (Canada). 100 Biddeford & Saco Water. 21% 133 -100 100 Hudson River Bdge_.* Mt 50c" 1.60 21 .25 Beauharnois Power com 5s 1st M 5s 1960ser O 1st 24 105 6 66% 68% M 5s 1947 A&O Wisconsin Michigan Power Co— . 98% 99 99 86 72 1st Eq 7%s Feb 15 1936 H-1— OO H-^O 20 3 Beverly Gas & Elec —M&N f 6s 1952 Williams port 24 103 105 , 103 '52--J&D Westphalia United El Pr (Germ) 1st M s f 6s 1953 J&J / 12 Wheeling (W Va) Electric Co— Wichita 7 26 ♦ Preferred vtc 102% 1st mtge 3 %s 1966 A&O Wisconsin Hydro-Electric Co— 39 Gen g 4s 5 25% 20 100 Bangor Hydro Elec com 7% preferred 6% preferred 109 107 % M&N J&D M&S 5%to'4lK&N Wat 3 l#4 104% 104 M&N J&J M&N 1st M 5s 1956 ser B United Rys of St Utah Power & Light Co— Deb 6s May 1 2022 * 1st M 5s a Debg6%sl974—------M&N 1% Western Mass Cos— 3 % % coup notes 1946 J&D Western N Y Utilities 5s *46. J&D 15-year 2% 2% — Class A 4% Westmoreland (Hamilton)— * * Western Utilities Corp— 90 United Electric Service (Italy)— Extl 1st s f 7s 1956 ser A J&D * "5"" Atlanta Gas Light 6% pref Atlantic City Elec $6 pref 103% Mut Un 6s ext at United Elec Rys (Providence)— Gen ref M (>s Jan 1951 ser A-_ 1% % 4% 1% 1% 1% ___» Bait Transit Co v t c 25-year g 5s 195130-year 5s Mar 1 1960 117% % * • Investing Companies Associated Public Utility.— * Assoc Telep Oo Ltd 51.25 pf * Assoc Telep & Teleg $6 pref * $7*4 st preferred 100 77 5s series B 1950 Deb s f 6s extd 1950 Western Pr Lt & Tel 6s 1948-: / Western Public Service Co— 100% 1st & ref 5%s 1960F&A Western Union Telegraph— 64% Fdg & R E M 4%s g *50—M&N 67 First lien 103% A&O 1st 62 Union Water 80 103 Western Cont Util 6s 1944.-M&S Western Lt & Telep 5s 1954.A&O 5s 1951 88S M 1 see 65 126% 108% 1st M A&O A&O Ry—See Third Ave Ry Traction—See Phlla R T 119~~ 2% 2% 7% 94% Assoc General Utilities— Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s '50--J&D Gen mtge 3%s gtd 1967—J&J . Union Passenger Railway— 1st 4s MiUf 31 1961-,2d ext 4s Mar 31 1960 115% 105 Western N Y Water Co— 1st M 5%s 1950 rl03 "~ Original preferred $4 preferred $5 preferred $6 preferred $6% preferred $7 preferred Option warrants 107 West Virginia Water Service— 1st mtge 4s 1961 A&O 89% Associated Gas & Elec com Common class A 74 72 105% West Penn Elec deb 5s 2030-A&0 West Penn Power— * .* 1 6% preferred 102% West Texas Utilities Co 1st mtge 3 %s ser A 1969.M&N West Virginia Ohio River Bridge 3 %-6_%s, 1960 J&J 105 J&D 1939-42 1st,aerial,4%s.,1543-45-.^T-_-J&i<. J&J r 98 100% Telep 1st 4s *64-M&S Ry—See Boston El West - Tyrol Hydro-Electric Pow Co— 12 1st M s f 7%s 1955—M&N / Guar s f 7s 1952---F&A f 11 Ujlgawa Elec Power (Japan)— 83 1st M s f 7s 1945 M&S15 Union Electric Co of Missouri— 107% 1st mtge & coll tr 3 %s 1962 J&J 102% 3% notes, 1942— J&J Union Elev RR—See N W Elev 99 Union Gas & El 1st ext 5s 40M&S Union Gas Co. of Canada— 1st serial 4s 63 ♦ 10 46% 2% 2% 7% 93% 87% * 6% preferred West Philadelphia Pass Ry— 1st ext 3 %s 1956 A&O 2d extended 5%s 1956..-M&N 56 B 1952 - J&J Electric— 1945 Ser A.M&S 1st lien & ref 5%s 1st 1 & ref 5%s Arkansas Pow & Lt $7 pref West End St 1st M 5s 1963 series E . — Twin States Gas & 101 6% 45 50 116 r 45 5% 1 6% preferred 6% 43 * Arkansas Nat Gas common Class A_ Ask 5% * com Common 7% 7% 1st M 3%s ser I 1966 J&J West Penn Tr 1st 5s 1960—J&D 40 30 5 -—J&D f 104% Tri-County Telep 4 % s B 56 A&O / 3 Troy City Ry 1st cons 6s '42 A&O Twin City Rapid Transit Co— 62% 1st lien & ref 5%s A 1962—J&D Trenton St Ry ext General 6s 1941 Edison Arizona Power $6 preferred Arkansas Missouri Power— 107 Conv deb 6%s 1945 107% Trent'n Pass Ry 1st ext> 6% 6% J&J A 1950- ser West Coast 57% 108% 57 Corp 5s 57--J&J Trenton G & El g 76 74 1948—-------J&J Traction Term'l 102% Certificates of deposit-.Waukesha Gas & Electric Co— 1st 5s 1959 J&J West Canadian Hydro-Electric— 53 1st 5s 1946.-A&O 1st 5s 79.F&A 1st s f 7s 1955 ser A—M&S15 Tokyo Elec Light Oo (Japan)— 1st g 6s 1953 series—J&D15 Toledo Edison 3%s 1968 J&J S f deb 4s 98% 60 106% Bid Stocks Arizona Washington Water Power Co— 1st mtge 3 %8 1964 J&D Waterloo Ced Falls & No Ry— 1st M s f g 5s 1940 J&J 75 43-J&J Tide Water Power Toho Electric Power 14% 97 37--J&J 1942.-F&A Ry 1st 5s g Union 51% 14% 1st ref g 4s Ask Bid Bonds 50 (New York)— 1960 opt aft 14 J&J 6s Jan 1960 opt - - A&G Third Avenue Ry . Ask and lncom* and defaulted bonds month preceding the date of issue r Canadian price. zEx-dividend. 57 5% . "I% % % 2% % % % 110 2% 98 4% 58 6 60 52 83 90 90 94 1% 1% JAN., 1940] PUBLIC Quotations for all securities Stocks Par Bid are as near as Stocks Ask Citizens Water Co of Wash (Pa) 7% preferred 1 LOO City Water Co (Chat) pref 100 City Water (New Castle) pref.100 Clear Springs Water pref * Cleve Elec ilium 103 17 Foreign Light & Power units 78 Franklin Telegraph (guar) —100 Gandy Bridge common., * Gardner Elec Light common .100 32)4 % 70)4 71)4 5 14)4 tr 23*° 34 18 116 46"" 41)4 43)4 64* 66 * 100 116 52 100 pref——.50 $4.60 preferred. _* Continental Gas & Electric— 7% prior preferred 100 Oontinen Pass Ry—See Phila R T Crescent Public Service com 170 Greenwich 106 101)4 Gulf Power $6 preferred Gulf States Util $6 pref 1 6% preferred 100 Cumberland Gas com v t C— Cumber and Co (Maine) Power 51 54 54 & Light 6% preferred.....100 5h% preferred 100 Dallas Power A Light 7% pref 100 6% preferred * Danbury A Bethel G & E pf 25 Dayton Pow & Lt 4 X % pref. 100 Denver Tramway com * 1)4 100 11 12 125 Detroit Edison 100 123 Duke Power 100 75 Duquesne Light—See Phila Co Duqueaae Nat Gas common • 6% preferred 4)4% prior preferred Ry com 6% 1st pref stamped 6% pref B stock 5% adjustment stock 100 43 100 100 100 100 99c Eastern Mich Transportation Eastern Minn Power 6% pref 61 16 16)4 3 20 r 2 6 6)4% pf 100 91 100 85 States Gas * Easten Telep A Teleg—......... 20 22 29)4 3 % 7)4 66)4 5854 154 30)4 4)4 754 6% preferred. Eastern Eastern Util Assoc Conv stock * com * Electric Bond & Share.. $6 preferred $5 preferred Electric Ferries common 5 * * * 6% preferred 8% preferred 100 100 Elec Power Association Com Class A full paid $7 preferred $6 preferred 2d pref series A Optional warrants * ♦ El Paso Electric Co (Del) 100 3 100 60 com Eliaabethtown Water Cons Elizabeth Consol Gas __50 100 ...100 Empire & Bay State Tel (gu) 100 Empire District Elec 6% pf-_100 Empire Gas & Fuel Co pf 8%. 100 Preferred 7% 100 6)4% preferred ..100 0% preferred 100 Empire Power Corp— See Investing Companies. Empire Telephone com 6% Preferred Engineers Pub Serv com.. European Elec class A 10 Fairm't Pk & Hadd Pass Ry—See Fall River Elec Light 25 3154 27)4 16)4 254 16)4 Preferred ($6) Federal Power A Light com - 76 85*" 67)4 7154 54 61 67 70 60 6654 25 15 * 50 12 22)4 1154 Power Securities International Ry v t c Internat Teleg of Me (gu) 21 H par value. k Last sale n 100 27 27 £1 5 Marlon (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 pref....* 82 100 Units 3 H 254 454 4 r 5 90 82 38 35 100 100 * H 28 35 4 4 * * 23)4 454 3)4 15)4 * * 100 ... 32 75 6% pref. .100 100 * 82)4 104)4 100)4 101)4 * * 15 ... 25)4 4)4 4 17 35"" 84 103 100 Iowa Southern Utilities— Common h 4)4 30 100 Iowa Power & Lt 7% pref Iowa Pub Serv $6 pref 6% 7% 354 it* 3 AU76 1 72 Interstate Power pref $7 $6 preferred Pow "3)4 , Investors Telephone com. Iowa Electric 6 )4s pref 7% preferred 554 * 354 100 100 arrear certificates See Investing Nominal. r Companies. Memphis Natural Gas Metropolitan Edison Co— 6)4 4)4 15 16 17 18 Companies. - — * 100 * * Canadian price. 100 100 x 454 * 93)4 * * 7% prior preferred —100 5 ... r r 40 42 Mississippi Power $6 pref * $7 preferred .* Miss Power A Light 6% pref.. Mississippi Riv Pow 0% pref.100 Mississippi Valley Util * _ 34 10354 95)4 88 35"" 10454 96)4 89)4 Ex-dividend. com 108)4 ~5~" 4 105)4 90)4 754 "2)4 4)4 4)8 H 91* 85 H 8354 94 87 H 116 M 45c 10154 4H 97 27 7 100 Montana Power 6% 10 79 ...100 * 89 com. pref Montreal L H A Pow Cons Montreal Telegraph * 7% preferred 100 Mountain States Tel A Tel.. 100 Nassau A Suffolk 7% pref 100 National City Lines com 1 $3 conv preferred 60 National Gas A Elec com 10 National Power & Light com...* $6 preferred * Nebraska Power 7% 1st pref 100 6% preferred 100 Nevada-Calif Electric com —100 Preferred 100 New Bedford Gas A Edison Ltl25 New Cable A Radio Corp 5 Mew Eng Gas A Elec Assn— $5)4 preferred stamped * New Eng Pow Assn com.... * 6% preferred 100 $2 preferred * New England Pow Co $6 pref.100 New England Pub Ser com * $7 prior preferred * * $6 preferred.. * $6 prior pref * New England Tel A Tel 100 New Haven Water 50 New Jersey Pow A Lt $0 pref...* New Jersey Water pref.. 100 com 0% preferred— 107 30)4 40 Montreal Tramways com 100 Mountain Fuel Supply ...10 Mountain States Power com.. * New Mexico Gas 133)4 104 109 * Convertible pref A * Midland Util 7% prior lien.. 100 6% prior lien 100 7% preferred class A .100 6% preferred class A 100 Minnesota Pow & Lt 7% pref 100 $6 cum preferred 100 Montana Dakota Utilities 1 H 2634 3)4 5 Preferred ..100 Mexican Utilities preferred 100 Michigan Consol Gas 100 Michigan Gas A Electric— $7 preferred arrear certificates Jamaica Pub Service Ltd. Preferred Jamaica Water Supply * _ Mass Utilities Associates—> See Investing 5% preferred 0% preferred 6 92 Light Associat'n Common with warrants. * Common without warrants...* $2 Preferred * * 4 14)4 1454 Market St Ry(San Francisco) 6% prior preferred 100 Maryland Gas Co * 107)4 111)4 2 Certificates of deposits Modified 5% guar 100 Certificates of deposits Marcon Int Marine Commun'y— Amer dep rets for ord shs Missouri Pow A Lt $6 pref Italian Superpower— 15 99 24 Missouri Pub Service 4)4 8854 T 25 Monongahela L A P—See PhllaOo Monongahela St Ry—See PhllaOo Monongahela Val Water 7% pfd. Monon-West Penn P 8 7% pref 15 102 * 104 89 15)4 111 50 55 90 14)4 25 25c 25 15 * 93 "654 100 14 77 100 6% preferred 5)4% preferred Without 60 5)4 27 $5 cum pref ser A Jersey Cent Pow & Lt 7% pf-100 * 39 59 Warrants 92)4 15)4 37 104 Common R 3)4 23 54 108 100 100 20 114 100 Middle West Corp com Midland United com... 2254 5h ...100 ...100 6)4% preferred $7 preferred 98 3 . Internat Ocean Teleg (guar)..100 80 6)4 3)4 114)4 112)4 Corp 100 A Light— Conv pref $3.50 series w* 63 20 M 3 103 lVk* 80 87 58 954 "I"" Interstate Natural Gas 115 220 117 110 International Telep A Teleg Foreign share ctfs.. International Utilities— See Investing Companies. 54 61 18 6% preferred 100 Indiana Hydro Elec 7% pref. 100 Indiana Service Co 6% pref__ 100 v t c__, 5% pref 30c 102 103 7% prior preferred * Mexican Northern Ry com—.100 112)4 Internat 4154 11)4 21)4 1154 11 110 International Power Co 1st preferred 3 97 Phila 854 100 3854 100 $5 cum preferred $6 preferred series O $6 prior preferred -.100 Interboro Rapid Transit. Certificates of deposit Internat Hydro-El Syst A 110 *4 52 50 7% preferred * 25 17 114 * 1 42 —.100 Maiden Electric Co Maiden A Melrose Gas Lt Manhattan Railway 7 % guar Warrants. 20c" H 10 $6 preferred ..50 Illuminating Shares class A * Indiana Assoc Telep $6 pref * Indiana & Michigan Electric—• "7)4 3154 26)4 5% preferred 6% preferred. Mass Power & 44 ..* 50 100 preferred conv Iowa El Lt A $5 cumulative preferred * $5)4 pref (with warrants) * $6 preferred * Essex Company.............60 Fall River Gas Works Federal Light & Tr com 5% '654 210 46 3)4 60 36 1 Illinois Iowa Power common 58 -- 50 111 34 47 10c 5% non-cum preferred 100 Huntington Water 7% pref... 100 Power 7% pref 100 6% 1st preferred * 65 - 7 654 354 r * Preferred 54 2 41)4 109)4 34 31)4 36)4 70)4 1 -.100 Houston Lt A Power $6 pref Houston Natural Gas com 60 67)4 60 — Preferred Eliz & Trenton RR Preferred * 3054 25 7% preferred Indiana Telephone Indianapolis Power 6% preferred.. 6)4% preferred Indianapolis Ry Co Indianapolis Water l * Preferred series A 7% El Paso Nat Gas com.— 7% 3)4 1 Elec Power A Light Corp.. 97 .25 7% preferred Indiana General Service— 2 94 68)4 Arrears certificates Illinois Power & Light— 1 60 84 "3)4 Idaho 3)4 1954 4354 19)4 100 Eastern Mass St 8)4 140 3 83"" 25 25 j Hudson & Manhattan 2 1 135 86)4 23 254 Holyoke Water Power 7 7 n com Haverhill Elec Co Haverhill Gas Light 25c 3 87)4 Hastonville M & F—8ee PhilaRT 77)4 5c Louisiana Power & Light $6 pf.* Louisv Gas & Elec com cl A. * $7 preferred 25 Preferred 47 14 84)4 z 1 Hartford Gas 13 100 5 Lynn Gas & Elec Co 25 Mackay Companies 4% pref.. 100 83)4 ..25 Havana Elec Ry com 6% preferred Havana Elec & Util $5 pref 6% preferred. 43 * 100 com 16 110 117 5 75 14 112)4 Light 96 100 102 6 109 Harrisburg Bridge— 20 Harris burg Gas 7% preferred.100 Harrisburg Rys common 50 754 14)4 52 99 112 * 63 ....100 95 25 7% pref class A Hamilton Bridge common Hamilton Gas common 87)4 10 Preferred preferred-._—.* 106 119 1 100 Louisville Railway Co 9 39 * * 115 28 39"" 3 75 87 Wat & Gas 6% pf.100 117 112)4 25 . Hartford Electric 60c 34 * 103 26 52 44 100 20"" Longview Bridge class A T pref * $1.25 pref.....* 111 11154 Long Island Lighting 7% preferred A 6% preferred B 18 99 44 98)4- Lowell Electric Light——..... 25 Luzerne Co Gas & El $6 88 pref.100 3754, -98—J Pow Corp $6 107 Derby Gas & Elec $7 pref * Detroit A Canada Tunnel......* $4 preferred * $5 preferred • East Coast Public Service vtc. l East Middlesex Street Ry 100 Eastern Gas A Fuel Assoc's com r i R Haekensack Water 96 8 Phila Common $5.50 94 X 1 Preferred Allied Gen Telep Tri Corp.. 33)4 100 Cuban Telep common 1954 51H )4 10554 37)4 8)4 * W arrants 98 105)4 107)4 100 Lone Star Gas Corp 17 100 (Toronto) 100 Consumers Power $5 pref.—--.* 27 Lexington Telep 6% pref 100 Lexington Wat Serv 7% pref.100 Light & Pow Securities Co * Preferred 100 72 Gas 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 48 * 20 Green Mt 91 40 45 * Greenwich 106 * 42 20 110)4 116)4 .* 40 . 98 ._* 39 common Coates—See 6% preferred Kansas Power Co 6% pref 7% preferred Laclede Gas Light. 5% preferred Lawrence Gas & Elec Co Lewiston Gas Lt 5% pref * 3c 1 > * * 32 166 105 Consumers Gas 4)4 15)4 95)4 101)4 5% preferred Gen Telephone Corp com $3 conv preferred Green & 120 * Kansas Elec Pow 0% pref._,Tj1 00 7% preferred 100 Kansas Gas A Elec 7% pref. .100 * * "IH Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co 95 * Preferred 59 pref ser A 1 (Reading)....25 r — . 33 Consolidated Gas Utilities com.l 10)4 Corp $6 pref..* 20 Gen Wat Gas & Elec com A Jl $3 preferred * -4iy* Georgia Powev lG preferred. * $5 preferred 8154 * 117)4 Georgia Power & Lt 6% pref * 3054 Germantown Pass—See PhilaRT 25 107)4 Gloucester Elec Lt Co Gold & Stock Telep (guar) 100 30)4 10654 * 2)4 Gen Italian Edison Elec Corp— Gen Telep 54 117 * 2 108 r Bid 57* Amer shs for ordinary stock. General Public Service Corp— See Investing Companies. * 118 26 145 4)4 conv General Pub Util 43 R T * pref ser B $7 preferred $8 preferred 107 13)4 42 % cum conv $6 25 East Shore Pub Serv Gary Elec & Gas common Gatineau Power com Par Kansas City Power & Light— 1st pref $6 series B Kansas City Pub Serv.. Kansas Power A Light— 98 Phila 100 $6 Connecticut Ry& Lighting... 100 4)4% preferred... 100 5)4 Consol Elec A Gas $6 pref. —4054 Cons Gas ~E L A P (Bait) * 80 X Gas S'thwark—see 6% preferred .......100 5)4% preferred Gen Gas & Elec (Del) com A__* 5% prior preferred * 154 ys * 4)4% pref series B Cons Edison Co of N Y com. $5 preferred Consol Gas Co (Pgh) & - Preferred * Connecticut Power Consumers Frankf'd * Conn Gas & Coke Sec pref Common 29 88 65 1H . Connecticut Light & Power.. 5)4 % preferred 96)4 26 Florida Power & Lt $7 pref _ — 96 Florida Telephone 113)4 113)4 32 X 54 Optional warrants $6 preferred * Commonwealth Tel (Pa) 7 % pf 20 Commonwealth Water & Llgh 6% preferred _* 7% preferred * Community Pow A Lt com * First preferred 6% 100 Community Pub Ser com 25 Community Water Jerv com 1 7% preferred * Concord Elec Co 6% pref 100 Common * .100 "6)4 100 Columbus & Southern Ohio Elec— 6% preferred A 100 6)4% preferred B —100 Commonwealth Edison Co 25 Commonwealth Gas 1 Commonwealth A Sou Corp com * 100 49 74 X 100 33)4 34)4 35)4 49)4 — 106)4 6)4 87)4 63 X _ 3354 47)4 Gas" A Elec Light"50 Florida Power Corp 7 % pref..100 Preferred $50 par 44)4 11434 113)4 Coast Co Gas & El 1st pref. 100 Colum G & El Corp (Del) com..* 6% preferred series A. 100 _ 82* 33 Fitchlburg 20 43 * 1 54 ; * * issue Stocks Ask Co.. 81 100 5% preferred 5% conv preferred Bid Par $6 preferred $6)4 preferred 100 79 STOCKS Fed St & Pleasant Val—See Phila Federal Water Service com A__* 103 * common $4.50 preferred Cleveland Railway UTILITY possible for the closing day of the month preceding the date of 454 34 7354 135 34)4 16 46)4 4 54 8)4 94)4 115)4 110 2 36 63 2)s 36)4 13)4 71)4 24 37)4 14)4 72)4 2754 135 1 70 14 154 71 15 13)4 66 12354 73 106 67 125 75 107)4 102 H -.5 5 50 42 44 STOCKS UTILITY PUBLIC 80 month preceding the date of issue Quotations for all securities are as near as possible for the closing day of the Ask Bid Par Stocks Bia Par Stocks Stocks Ask Ask Bid Par ~ ~~16 New Orleans Pub. Serv com... Newport Electric Corp com..-20 6% preferred .... -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 Light & PowCommon - 101 25" 22 15 18 32 % 32% 18 15 120 Hestonville M & 115 4% 4** 42 105% Pfd-1£2 104% 22 24 Niagara Hudson Power. -10 1st pref $5 series ....100 2d pref 5% series 100 Class A option warrants— Clas* B option warrants—... North American Co 10 5% 85% 86 M N Y State El & Gas 5% % 100 6% pref N Y Water Serv 5% 74 lA % 22% 57 X series.. 50 5% % preferred 50 North American Light 8c Power.. 1 $6 preferred * 6% preferred 1* 22% 58 1 85 84 X % % 50 100 2 Texas North $4 preferred Northern Indiana Public 9 55 98 X 100 100 100 105% 95* Northern Liberties Gas. . —Y5 Northern N Y Util 7% pref—100 Nor States Power (Del) cl A...25 7 % preferred -- - -----—100 6% preferred .————100 41 (Minn) $5 series cum pref—..* 111 % 14% 78% 68% 7% preferred 100 Northwestern Telegraph (guar) 50 NY PA NJ Utilities S3 pref * Ohio Cities Water preferred * Ohio Edison $6 pref—.————* --* $7 preferred Ohio Power 6% pref--. 100 Ohio Public Service 5% pref-100 7% preferred— Ohio Service Holding com 5% preferred Units Oklahoma Gas & Elec 7% 6% preferred Okla Nat Gas Corp 13 preferred 80 92% 20% 4% Corp Pacific Lighting 100 1st preferred ...—-—* Pacific Telep 8c Teleg —.100 6% preferred 100 Panhandle Eastern Pipe Line Common Pecos Valley How & * • com—* Lt com Peninsular Telephone Co $1.40 preferred class 15 33% 33% 30% 48% 107% 89% $6 preferred A—..25 19% 48 13% 105 33% 31% 48% 108% * 2 Gas Rhine-Westphalia Electric Pow Amer shares representing com. Rhode Isld Pub Serv $2 pref 27 % Class A 5o Ridge Ave Pass—8ee Phila R T Valley Gas vtc 41 2 3 33 34 50 50 30% 32 Preferred- 6% preferred series C_.—J00 6% preferred series D 100 5 % preferred series E . 100 Rochester Telep $6% pref lOu Rochester Transit common.....* Power 10 Joseph Ry Lt & Pr 5% pf 100 6% pref 100 St Louis County Water pref- -100 St Louis Public Service— * Rockland Light 8c % Pennsylvania Edison Co— $2.80 preferred * $5 preferred * Pennsylvania Gas common * Penna Gas & Elec Go 7 % pref. 100 Penna Gas & Elec Corp $7 pref- - * — Pennsylvania Power $5 pref * Pennsylvania Pow 8c Lt $7 pref.* $6 preferred * $5 preferred * Pennsylvania State Water pref.* Pennsylvania Telephone Co— $2.50 preferred * Pennsylvania Water 8c Power * 1 100 pref Scranton-Spring Brook Water Service 6% pref * 2d 8c 3d Sts Ry—See 110 112 109 111 101 103% 103 106% 58% 68% 1 1 - 100 * 36 1% 1% 16% 36% 1% 1% 100 50 DuquesneLight5% lstpref 100 Federal St 8c Pleasant Val—25 Monongahela Lt & Pow 50 Monongahela St Ry 50 Phlla 8c Darby—8ee Phila R T Phila 8c Grays—See Phila R T * Without par value. ....... 63 100% 95% 115 1% 11% "1% 81 84 12% 25 25 Original preferred—.......25 73 74% 43 44 80 83 1 2 Southern Canada 2 3% Southern Col Southern Calif Gas O 1% 6% preferred series A. % Power Pow com A Preferred 8c E— preferred 25 115 % 55 15 /Flat price, 4.80% cum Southern Nat Gas com Class A common Eng Telep Soi thern Union Gas cem Soi thern New 47% % % 49% % % 12 13 1 2 it Last sale, n Nominal, r Common B - 14% - _ - 20% 19% 114 15% 101% T% 88 2% 95 2% 18% 3 19% 3% * 62% 62% 100 18% 45% 34% 25% 63% 19 32 7% 117% 71% 61 8% 118 77 63 . * 30 31 106 * 105 100 100 5 740 100 18% 114% Partic units Preferred 109 103 cum 63 3% __4 7% pref Wash (D O) Ry 8c El com • 100 100 Power 111% 104% 100 preferred— preferred Penn 2% 19 New 5% preferred wi 50 Utilities Stock 8c Bond Corp.—.1 West 88% 17% ..... 114% 6% 18% 110% 105% 112% 105 Co— 4%% preferred 115 West Phila Pass—See Phila R T West Texas Utilities $6 pref-— West Va Ohio River Bridge- Preferred 7c 7 ._* ... preferred- West Va 95% ..———* Common 96% 15c 12 — Water Serv 6% pref 99 4 102 85c .1 com 75c 26 26 27 ♦ 34 34% 5 N Y Wate** nref 25% 100 • Wheeling Bridge.. ....100 Wheeling Elec 0% pref 100 Water pref Winnipeg Elec class A 100 112 9 26 101 Westmoreland Water pref-... ' 2% 2 Class B Wise Elec Pow 6% pref Wise Hydro-Elec6% pref ...100 100 114 100 Williams port Preferred 164 89 94 • Western Union Telegraph-. 114 100% 15% 88 * $6 preferred $7 preferred Western 104 100 7% 34% 10 $2.75 preferred $3 preferred 86 68 T% 1 % 33% 87% 1 United Utility Co common Utah Power & Light— cum 14% 116% 117 * Preferred Western Massachusetts Cos.. r 10 10M 112 57 59" 101% 16% 100 Wisconsin Pow A Lt 6% prof. 100 7% preferred 100 Wisconsin Pub Sot Corp 7% pflOO 6%% preferred 100 Wisconsin Telep 7% pref.....100 Wolverine Power Co 7 10 j 166" Worcester Trans Assoc—... • York (Pa) Railways pref......50 26 30 1 2% York Water Co.—....—...25 25% 26% 15 . 1% 93% 115 1 Western Lt & Tel 34 70 1% 92% %, 14% * 50 29% 30% 44% 88% 68 cum Prior "% 39% % 87% 1 1st pref » United Light & Ry 6% pref...100 6.36% preferred .......100 7% preferred 100 7% 6% ........ 113 4% 40 West Penn Elec Co class A 19% 18, 24% 14% 1% Canadian price 2% 39% Washington Wat Pow 6% pref--* 1 99 25 * 26 100 * 100 * 3% * Wash Gas 8c Elec 1% 73 Southern Indiana G 117 com.......... Common Preferred 117 % 16" 9 Virginia Electric 8c Power— $6 preferred • Virginia Pub Serv 7% pref 100 6% preferred 100 Washington (D C) Gas Light— 112 Co— Southern Calif Water pref Corp New common wi 111 12% 7 % Utilities Power & LightOld 7% cum prtferred 107% 110 114 ' * ...... 18% 29% 29% 30% 5% % preferred series 6% preferred series B 113% 11% • United Public Service Corp.. United Pub Util com A..... Class B common 17 50 Citizens Traction Consolidated Trac pref 0 29 South Calif Edison common- - 8 % 94 "2% 28 / United Gas Improvement.... * $5 preferred ♦ United 111 Co of New Haven..—* United Lt & Pr com A ......* 6% .25 Southern & Atlantic 7% 34" 8c Water A— * Teleg (gu) .25 18" 99 3 25c 93 2% 24% Warrants 5% 80 99% 99% 100% 105 50 $7 pref series A 10c 17% 112% _ 33 34 3 55— 107 99 31 33 108% 100 % 105 * 14% 4% 8 3% 110% — United Gas 118 Pittsburgh Water— .100 -53— 79 99 60 88 107% 99% 2% 24% 113 7 % pf. -100 South Carolina Power 6% pref..* 6% preferred 7 % preferred » __ 3% 100% 40 78% 12% 50c $4 preferred 7% 1% 24 100 Electric $7 preferred South Amer Utilities com South 100 25c 12c United Gas 8c Elec (Conn) com.* 7 % preferred 100 United Gas & El (N J) 5% pf-100 100 25 Preferred Sioux City Gas & Southeastern Gas 85 25 107% 110% Phlla R T Shawinigan Water & Power----* Shenango Valley Water pref-.100 Sierra Hac Elec 6% pref...-.100 Sierra Pacific Pow common * Peoples Water & Gas $6 pref—100 Peoria Water Works 7% pref. 100 Phlla City Pass—See Phila R T Philadelphia Co com.* $5 preferred * 6% cum preferred 50 $6 cum pref * Allegheny Traction 50 ... , * Sou Carolina El & Gas 14 .100 • common—.—1 Gas common. * - 99% * Corp $3 cum preferred Warrants 106 25 2 80 3 Union Traction—See Phila R T 116 16 112 4 35 116 98" 1 United 100 14 1% 110% 114 Union Pass—See Phlla R T Union St Ry (New Bedford)—100 55 103% 109% 115% 100 1st $5 preferred 2d $5 preferred— Second Ave RR Cop (NY)- 57% 67% 125% 112% 100 40% 68% 14% 114 Preferred- 143 125 ————100 100 7% preferred Savannah El 8c Pow 6% pref. Seattle ♦ 100 100 100 100 * com Preferred & Electric—• 14 23 141 1% New class A Scranton Transit 39% 67% 162 San Antonio Public Service— Scranton Electric $6 Warrants B 99 40% 40% 160% Rochester Gas 8c Electric— 7% preferred 8% preferred 76 2% 103 34 _ 50% 108% 96 1 Rio Grande 6% preferred 4 Peoples Gas & Fuel Corp. People s G L & <' (Ohio.. Peoples Light & Power Co A Common class B Scrip Preferred arerred 100 7% preterred San Diego Cons Gas 99 70 100 conv — - 106 St Joseph Water Edison— Class-A- * pref—* * * 100 100 100 * St 6 27 6 16* %• % 16 Toledo-Edison pref A 7% 100 6% preferred. 100 5% preferred— .100 Twin States Gas 8c El 7% Dref 100 Twin City Rap Transit (Minn) * 7% preferred 100 Union Electric Co of Missouri— 5% preferred Union Gas (Canada) • Union Gas System com... 10 . 91% 91% 50% Puget Sound Pr & Lt $6 pref * $5 prior preferred-* Quebec Power common _.* Queens Borough G 8c E 6% pf 100 Rapid Transit Ry—See P 8 Corp 92 ,148 Warrants 90 96 100 pref..* Riverside Traction. 17 34 24% ^ 6% preferred * Third Avenue Ry (N Y). .100 13th & 15th Sts—See Phila R T Tidewater Power 6% pref.—.* 9 8% 5% 8% Public Serv of Okla 6% pref--100 Republic Nat — 20 » — 133 115 - - 12% % 2% 19% 6% 16% Texas Power & Lt 7% pref—.100 Rapid Transit St Ry Co—100 104 - 12% * —_1 7% preferred.. 5% 5 111% 51% 115% - 93. 100 Texas Power Corp common.-...* % % 1 Consolidated Trac of N J--100 113% 41% 41% - - 1% 1 * $3.50 preferred 107 132 39% 6% 5% 103% 21% 20 45 8% preferred 7% preferred 6% preferred $5 preferred 88 128 - 109 15% 102% 15 — 1% 3% 105 93 100 - 100 3 88 - 93 90 100 6% pref—100 6% preferred 5% preferred 101 • 94 Texas Hydro Electric— Public Serv of Ind $7 prior 116 45 * preferred-.... Tampa Elec Co 7% preferred Tampa Gas, 7% pref. Terre Haute Elec 6% pref Texas Electric Ry Texas Elec Service $6 pref 115 1.00 75c 5% —....... 5% 85 110 115 — 109 Transit 66 Public Serv El & G $5 pref 114% 102% 19% 46% 112% 3% 36 Public Elec Light 6% pref 100 Public Serv of Colo 7% pref.-100 107% 108 St Ry 150 Superior Water Light & Power— 7% preferred 100 Swiss Amer, Elec 5% pref.500 Fes Tacoma Ry & Pow Co * 116 - - 20 Tacony-Palmyra Bridge— preferred 60 pref--100 non-cum Potomac Elec Pow 40~~ 83 6% preferred Pacific Public Service— 3% 33 114% $5 preferred Public Service Corp of N J 13% 103% $5 preferred Pacific Pow & Lt 7% pref 33 - 16 * B 63 Public Serv Co of N H $6 2 com 31 Class Preferred Suburban Rapid 100 12 38 Heat 8c Power ...100 Pacific 8c Atlantic Tel (gu).—25 Pacific Gas & Electric--..25 1st preferred (6%)25 1st preferred (5%%) 26 51 Texas Gas Util 25% 40 Preferred 51 41 64 36 40 Ottawa Light 52 47 61 - 7% preferred 96 __6 Omnibus Corp new com 48 Potomac Edison Co 6% 89 105% 113% 114% 09% 102% 105% 112% 8% conv preferred A ....100 Oregon Wash Water pref.. * 11% 3 Common 70 100 5% preferred 11 7 43 10 com—.—15 —.50 17 100 33% 23% pref 100 6% 15% preferred—100 Power Corp of Canada com. — .* Providence Gas Co * 94 .......100 31 5%% 87 $5.50 conv.prior pref * Omaha & Council Bluffs Ry— & Bridge Co 4%pref 100 Omaha & Council Bluffs St Ry Co Pen n-Ohio 15" 64 * 23 40 (Mass) St Ry Cos....100 Standard Gas & Elec com $7 cum prior pref $4 cum preferred $6 cum prior pref Standard Pow 8c Lt com pref 100 50 * preferred Portland RR 5% stock Postal Telegraph System— 160 Ohio Water Service A com— Common 99% 106% 96% 43% 19 100 100 1 ——6 8 13 12 City Water 6% pf 100 Gas 8c Elec pref. — .* Gas Lt Co 25 Preferred 5% 7 1 $6 112 89% --100 50 4% 102 98 Northwest Electric 7% pref—.100 North West Util 7% pref 100 7% prior lien -100 N'western Pub Serv 6% pref. 10b 5%% 1st Preferred ts% preferred 44 T R 7% prior preferred Serv—- preferred 7% preferred-5%% preferred- — Phila Portland Gas 8c Coke 7% Portland Gas Light 53 6% Traction—See 73 22 Pittsburgh Suburban Water— $5.50 preferred -100 Piainfielrl Union Water * 50 Co (Del)—.—10 Northeastern Wat 8c Elec com..* Phila Springfield Springfield Springfield Springfield 11% 70 20 50 60 com 57 22 Portland Elec Pow 6% pref... 100 716 Securities—* Ltg Prop com.—* 53 PhilaCityPass Ry($22% pd)-50 Phila 8c Darby Pass Ry 50 Phil 8c Gray's Fy ($25 pd) 50 Philadelphia Traction 50 Ridge Ave Pass ($28 pd) 60 2d & 3d Sts Ry guar 50 13th «&$ 15th Sts Pass Ry 50 Union Pass ($30 5-6 pd) 50 Union Traction ($17% pd)-50 West Phila Pass guar 50 Phila Suburban Wat 6% pf 100 57% 56$ North Amer Utility North Boston Preferred F Preferred Southwest Consolidated Corp 1 Southwest Gas (Okla) 7% pref 100 Southwest Nat Gas $6 pref.... 10 Southwestern G 8c E 7% pref. 100 Southwestern Lt & Pr com A * $6 preferred * S*western States Telep com 1 38% 119% 30% 2% 5% 20 Frandf'd & Southwark Pass.50 Germantown Passenger 50 Green 8c Coates Sts ($15 pd) 50 118% „ 100 — * Richmond Gas 6% pref 100 38% 118% 30% 2% 4% Philadelphia Elec Co com.—...* *5 preferred..-* phiiaEleo Power 8% pref 25 Philadelphia Rapid Transit 50 7% preferred 50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)-50 Fairm't Pk & Haddington. _50 108 106% 116% 5% preferred N Y Railways pref....----N Y & 119% 28% 118 27 7% preferred ~~ 18 t New stock x Ex-dividend, 101 102 103% 105% 103% 104% 118 120 105"" 1 A* a Under the heading "Industrial and Miscellaneous Securities" we include all issues which do not appear under the previous three headings, namely "Railroads" "Investing Companies" and "Public Utilities." In the case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land,,f "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest of the "Industrial and Miscellaneous." NOTICE—All bond prices are "and Interest" except where marked "f" and income and defaulted bonds Quotations for a1! securities are as near as possible for the closing day of the month preceding the date of issue Bonds 53 Bessemer Limestone & Cement— 6s 1955 —J&J Be nlehem Fdy & Ma 6s'44 A&O Be -hlehem Steel Co— 46 Hi 48% Bid 99% See Investing companies 92 Advance Bag & Paper 6s '52- J&D 91 Aeolian Co 6s 1944 J4J 62 Agar Packg & Prov 5s 1945-J&D 102 Akron limes-Press 1st 6s '46 A&O 85 Alabama By-Prod 6s 1955—J&J 55 Alabama Mills 6s (w-a) 1953.J&D / Without stock ——J&D ' 32 Albany Perf Wrapping Corp— 56 1st M coll tr 6s 1948A&O 60 6s assented w vr 1948—A&O 95 — Cons mtge 3 %s ser F 6%s Bloeael British Columbia Pulp & Paper— 1st 6s 1950 -M&N Gen s f 7s 1950--M&N Bklyn Serv Station 5 %s '46.J&D 96 95 90 100 Amer I G Otaem Corp— Conv deb 5%s 1949—M&N 100 % 40 40 75 .65 102% 102% Companies Amer La France & Foamite— 5% % notes 1956 J&D / 27 93 Am Lime & Stone 5%s '51---M&S 50 Am Mach & Metals 4s 1943--J&J Amer Nat Co (Ohio)— 41 Extended 6s stpd 1943----J&J / 100 Amer Seating 6s stpd 1946—J&J Am Silica-Sand 6s 1951 5% M&S / 112 Am Tobacco deb 4s 1951 F&A 119 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 105% 92 American Writing Paper Co— Conv 6s 1961 Ann Apr / Ames-Holden Tire & Rubber— Income 7s Jan 1 1943— -M&S/ Anaconda Copper Mining CO— 28 101 13% 44% 42% 80 106 % 106 66 84 M&S / Arcade Mall Iron 7s 1943—M&N / 36 90 100% 99 63% . 22 106"" - 100 55 18 Baldwin Locomotive Works— - 101% 118 Baragua Sugar Estates— fx 58 60 92 100 Battle Creek Sanitarium— lstsf 4%s A 1954 J&J Baush Mach Tool ext 5s *41.M&S / 37% 18 Bayway Terminal 2nd inc 6s *57-- f Beaver Mills 1st 5s 1950 J&J BtxKoru Pulp & Paper 6%s 1942Beech Creek O & C 5a 1944—J&D Bendlx Home Appliances— 5% conv debs 1944——M&N 90"" 38 32 102% 101 99 80 86 3% 104% M&S t 100 5% Credit Service—Bee Investing Cos Crowley Milner 5%s 1946—M&N 77% 105 102 103 15-yr 4s s f Nov 1 1950--M&N 10-yr s f deb 4%s 1948 J&J Crucible Steel 4%s A 1948—F&A 1944 f deb 4s 1950 60 J&D 95% M&S 90 Cumberland Ry & Coal— 5s 1940——A&O Curtis Cos 6%s A 1947 M&N 100 s 95% / 103 96 94 92 90 90 - Delaware Floor Products— 2nd income 6s Mar 1946- 86 105 102 60% 59 53 / 5 95 84% 87 40 3 10 36 58% 35 50 22 Series ©CO B .... 83 91 152 91 100 80 17 99"" 6 112*31 112% 74% 13% 75% 14% 95 104% 102% 104% 105 85 29 31 97 100 113 103 48% 49 57 60 45 60 102"" r 97 101 86 r 75% 79 r 82 F&A J&J 10-yr 5%% notes 1947 DowChem Co deb 3s 1951—J&D Dryden Paper 6s 1949 .—F&A Dufferin Paving & Stone- 83 r r 77 81 82% 80 105% 99 107% 101 Jan 55% 58% Jan 55 58 2%-5s 1949 —M&N / 50 Duplex Printing Press 3s 1944 J&J 20 Durham Duplex Razor 6s 1955-.. 70 Durez Plastics & Chem— 4%s conv debs 1949——M&S 105% Earl Fruit 1st s f 5%s 1947—M&N 88 Eastern Car Co Ltd 6s 1952.J&J r 104% Eastern Corp 5s 1953 ..J&D 81% Eastern Cuba Sug 7%s '37-M&S 40% Eastern Dairies 6s 1949 M&N 64 Eastern Mfg 7s ser A 1938--J&D / 105 Eastern Racing Assn 5s 1945 95 Eaton Paper 1st 5%s 1943.M&N 51 Elec Auto-Lite deb 4s 1952.F&A Elk Horn Coal Corp— Ooll s f 4s 1956 J&D Empire Properties Corp 2-3s 1945 Empire Sheet & Tin Plate— A&O 6s 1943- 160 99 Dominion Steel & Coal 6%s 1955. Dominion Tar & Chemical Co— Deb 4%s ser A 1951 M&N Dom Woolens & Wore 6s *53-J&J Deb 58 series A 1955 Deb 5s series B 1955 Dumont (Allen B) Lab— 14 r Donnacona Pap 4-4 %s '56 93 76 ft Last sale, 22 56% Dickey (W S) Clay Mfg Co— Cum inc 5s (w-s) Nov 1 1949— Cum inc 5s (ex-stk) Nov 1 1949 Dom Coal 1st 4 %s ser A *52-A&O Serial 3 %81940-1913——A&O 100% 20 Detroit City Ice & Fuel— 4s w w 1948 81 —.F&A Detroit Garages 5%s Mar 1948-- / 44% Detroit Har Term 1st 6s '50-M&S / 24 Detroit Times 6s 1940 to *43 M&S o 96 to Deutsche Rentenbank— Farm Ln s f 6s Oct 15*60 A&015 3 90 102 This price Includes accrued interest, / Credit Foncler Franco-Oanad— 89 91% 108% 85 23 107 83% 40% 67 99" 55 108% 55 61 57 68 72 . Emporium Capwell Corp— City Savings Bank of Budapest 7> 1953......—F&A b Basis. Cosgrove Meehan Coal 6%s 1945Crane Co 3%s « f deb 1951-J&D 88 Corp inc 5s 1968 -J&D Cities Service Asphalt 5s 52. A&O City Ice (Kansas) 6s 1940—A&O Called Jan. 1 at 100. 88 100% 60 5s *47 J&J 84 90% 101% 79 Chilean Nitrate & Iodine Sales * conv 82" 74 Chesap'ke-CampCorp4 %s'47J&J Chicago Produce District— 1st cum inc 5s (w-s) *48--F&A Chicago Stk Yards 5s 1961-A&0 Childs Co deb 5s 1943 A&O Cosden Petroleum 98% 72 f 102% - 98 99 101 101 Chic Grain Corp 3-5s 1952—A&O Chic Molded Prodis 1949-A&0 101 96 68 18 Davidson-Boutell 5s 1946 J&D De Bardeleben Coal Corp— 1st cum inc 5s 1957—Ann April / Deep Rock Oil 7s 1937 -M&SI/ Deerfield Glassine 1st 5s Mar '50 J/ Defiance Paper 6s 1939. J&D' 80 99 -A&O By Term & Cold Storage 6%s 1952 —A&O 1941--M&N Certain-teed Prod 5 %s 1948 M&S Oespedes Sugar 7 %s 1939 M&S Champion Pap Corp 6s *45--F&A Champion Paper & Fibre Co— 4%s s f deb *50(*35 issue)-M&S 4%s s f deb '50C3S issue).M&S Ohateaugay Ore & Iron— Guar gold 4s 1942 J&J 66% Danish Prod L'n Fund 5s *40.J&J Davidson Biscuit 5 %s A '45 A&O 77% 100 - 1st 8s 61 , Dairyland League— Certifs 6s May 1 1944 Certifs 5s May 1 1945 Certifs 6s May 1 1946 Certifs 5s May 1 1947 Certifs 5s May 1 1948 Certifs 5s May 1 1949- Central Central Steel 14% 59 Oudahy Packing 3%s A '55-M&S 12 Central Paper Co 6s 1948 101 117 65 1st g 5s 1940 M&N Mtge 6s 1950 M&S Bait Steam Packet 5s 1942—F&A 13 6s 1948 J&J / 16 Oontaiuer Corp 1st 6s'46-J&D15 105 Deb 5s 1943 with warr._J&D 101% Oont'l Invest Bond Corp 2-5s '53. 86 Oont'l Invest Deb Corp 3-6s *53— 66 Continental Oil— Conv deb 2%s 1948 J&D 108% Continental Roll & Steel Fdy— 1st M conv s f 6s 1940J&D 87 Conv 100 85 50 II" 8 DonsumsrsRock&Gravel^"" Cuban Tobacco 6s 100% Gen mtge 5s 1941—-—M&S Central Iron & Coal 6s 1938.F&A 71% 103 94% 91% 20% 1st s f 68 1948 A&O Deb s f 6%s guar 1943 A&O Calif Cotton Mills 1st 6s '40-J&J 48% Crown Cork & Seal Co Inc— 95% 92% 53 Avery (B F) & Sons 5s w w'47J&D 25 62 59 45% 22 58 67" 57 Conv deb 454s 1939 J&J Autocar Co 7s ext 1947—-M&N 85" Non-cum inc 4s B 1941—-A&O / Central Foundry Co— 1st mtge 6s 1941———M&S 65 Associated Mtge Co 3-6s Atlanta Laundries— Coll tr g 5s Jan 1 1959 65 J&J Atlantic Ice A Coal 6s 1951-J&D 83 Atlantic Ice Mfg 6s 1945 63 F&A Atlantic Refg 3s debs 1953—M&S 105% Atl Sug Rof 1st • f 4s *51—M&N r 97% Atlas Imperial Diesel Engine— 97 6% conv notes 1945 M&S Atlas Pipeline Corp 6s 1945.M&N / 40 Gen conv 6s 1950 M&N / 13 Auburn Automobile— 50 47% HH oo oo 86 53 64% 1st lien 4s 1952 J&J Atl Gulf & W Indies SS Lines— 63% 41% 53% 89 28 Arundel Bond Corp 2-5s Dec 1 *53 / Arundel D*?b Corp 3-6s Dec 1 '53- / Assoc Laundries of 111 6%s 1942— Dec 1 '53 39 52 54 Bldg 1st 5s stamped 1960 A&O Byers Machine 3-6s .—.1946 California Consumers Corp— 1st lien 3-5s 1955. J&D Calif Cooperative Creamery— ' 91% 100 1st 8s Coplay Cement Mfg 6s '41 A&O Copley Press 5%s 1943—-F&A 87% 26 Armour & Co of Delaware— 1st M 20-yr 4s ser B 1955-F&A 1st mtge 4a series O 1957— J&J Arnold Print Works— 1st 5a Feb 1 1952 —A&O 104* 105 100 26% 11 ""52 Campbell River Timb 6s '41-J&J Campbell Transportation CoEquip trust 4%s to 1946--M&S Equip trust 4s to 1951 J&J Canada Bread 6s 1941 F&A Can Cement 1st 4 %s serA'51 M&N Canada Paper Co 3s 1940-41-J&D 3%s 1942-45 J&D 4%s 1952 J&D Canada SS Lines— 1st & gen 5s 1957 J&J Canadian Bakeries 6%s '45-M&S Canadian Canners Ltd 4s'5lM&N Canadian Internat Paper— 1st M 6s 1949 J&J Can Locs motive 6s July 1953 Canadian Nat Steamships— 25-yr guar 5s 1955 M&S Can Pow & Pap Inv 5s 1958.F&A Canadian Vickers 6s Aug 1 1947Carribean Sugar— Cum inc 7s 1941 F&A / Carlisle Lumber 6s 1945 Carrier Corp conv 4%s 1948 A&O Carthage Marble Corp— 1st s f 6%s A}1942 M&S f 1st n-c income 5s Apr 1951 Cassco Corp inc 6a 1949——M&S Celotex Corp— Debenture 4 %s w w 1947-F&A Central Coal & Coke— 97 24 40% Textile 90% 80 105 ^ 100% 101% 37 97 -..J&J 30 65 99 99 1941..J&1> Cum conv inc 5s 1953 M&N Consolidation Coal Co— Sink fund 5s July 1 1960—J&J Consumers Co (111) 5s 1956—J&J 97 T03% Calif Dairies deb 6%s 1942.M&N Calif Group Corp 5%s 1956 M&N Camaguey Sugar— 78 Certificates of deposlt-1942 107 Anglo-Chilean Cons Nitrate— Sink fund income deb 1967 J&J Animal Trap 5s Aug 11940__ Anthony (E O)— 1st s f 6s (San Fran) 1942 J&D 1st s f 6s (Los Ang) 1942-.J&D Antilla Sugar Estates— Income deb 6s 1951 (w-s)—J&J / A-NY & B-NY Realisation— 62 * (Jousoi 44 Byrndum Corp ext to Jan 15 1942 _ 1950--A&O 47" Calaveras Timber 1st 6s '38-M&N 96 63% 40 "~ 45 102% American International Corp Cum inc deb 6s 1947J&J Barber & Ross 4s 1945---—J&D Bates Valve Bag 6s 1942 -F&A 70"" 35 Bush Term 1st 4s 1952 Cons g 5s Jan 1955 96 — Amer Colortype 6s 1942 F&A Amer Dept St s (Pa) 4s '48--J&D / Amer Dept St's (Del) 6s '47.J&D/ Am Fruit Growers 5s 1950—F&A Without warrants 62 ffr 70 38% _ 74 54" 31 69 93 1st 5%s ser O 1946 J&D Consolidated Cement Corp— Cum luc ba 1950.....F&A Cum Inc 6% notes 1950-.F&A Oonsol on s f deb 3%s 1951.J&D Oonsol Paper Corp 5%s 1961-J&J Oonsol Press 6%s 1949——J&D 41" 5%s 1950 ser B M&S 95 Brown Pap Co ext 4 %s *41-A&O Bruck-Silk M_LtdL6.%sJ14-5-M&N r__92%. Brush-Moore Newspa 5s '45-A&0 102% 91 Bryant Paper 6s A 1942_-_-M&N 1st 6s series B 1948----.-J&J 98% 101 Buck Hill Falls Co 6s 1959-M&N Budd (E G) Mfg 6s ext 1941.F&A^ 93 Buffalo Gen Laundr 6%s *41.J&D 50 Bullock's Inc (Los Angeles)— 100 4% notes ser O-E to 1941-M&N 102% 4% notes ser F 1946 M&N Burmeister & Wain (Copenhagen) 100 15-yr s f extl 6s 1940 J&J 36 Burns Bros deb 5s A 1961--M&S Burns & Co Ltd 1st s f 5s 1958 J&J 50 Income 5s 1958 52 —Ann, Apr 300 104% 56 38 72 1st 13 % 48 103% Brown Coal Indus 6 %s *63—A&O Brown Co 1st 5%s 1946 A&O 111 — 62 Connor Lumb & Land tis '41 M&N Oonsol Biscuit 1st 6%s B '46 M&3 Brandram-Henderson 6s '56. J&D Brit Col Packers 5s 1953 ;J&D 78" 110% 46 82 55 3 105% Columbia River Paper Mills— 6s to 1948. A&O Cum inc 5s April 1967 __ F&A I94l-..A&<> (S F) 7s 1944 M&N Bowser _ 6s. 1955—,— Lumber 74% 99 % 103 100 Mills 6s 1940-42 Boston Wharf 1st 4s ~i% Income 5s 1970 An Apr / Columbia River Packers Assn— Income deb 2s Oct 1950-.—... / 104% 107% 100% Ask „ f Gen mtge 6s w s 1954, J&J Colo Fuel & iron s f 6s 1943.F&A 108 ^ _ 58 87 1948——M&N 107 J&J —— Donovan 104% 1959-J&J Corp (Seattle)— 194/1 37 Algoma Steel Corp Ltd— Allied St's Corp deb 4%s '50.A&U Debenture 4%s 1951 P&A Allis-Chalmers s f deb 4s *52.M&S Alpine Montan Steel Corp—■ lstsf 7s 1955 -M&S Amer Airlines deb 4%s 1941-J&J American Aggregates "Corp New 3-6s 1943 F&A Sink tund den 4%s Colonial Colliery 6s 1954...M&S Colonial S 8 Co. Ltd— 101 .——..J&J -A&O 15-yr sfconv3%* debs 52 A&O 4%sto 1041-3 %• series E1966 Blethen 32 75 6s 1955 Alberta Pacific Grain 6s 1946 J&J See Investing 100 80 Bethlehem Steel Corp— Adams Express- Conv 5s ser A 107% Bid Clearfield Bit Coal 4s 1940--J&J Oleve Tractor conv 5s 1945.M&N Climax Engineering 5s 1946.A&O 141 140- i'urch money 6s 1998—Q-Feb ('ons M s r 4 %s ser D '60—J&J Bonds 78 100 75 - Abitibi Power & Paper— 1st M 5s 1953 ser A J&D Certificates of deposit-Acadia Sugar Kef 4%s 1955.A&0 Ask Bid Ask 51% Bonds INDUSTRIAL AND MISCELLANEOUS BONDS J&J 4% notes 1942— —.—J&J 100 Erie Elec Motors 5s 1941— A&O / 20 1st 4s 1952 n Nominal, r Canadian funds. x Ex-interest. 10l" 82 INDUSTRIAL MISCELLANEOUS ft BONDS NOTICE—-All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue 1 Bonds Cil UCBIU U* wa < o Bonds Ask w 94 H'srhtstown 76 97 Kug 6%s w Hill Mfg Oo ext 6s 1945 w 1944.. B Hines i.and & Timber 6s '48 108 93 99 / / vomouw 75 / rui vi 77" liH * - - 28 41 82 85 - Home Service (Portland. Ore)— 1st coll 3-5s 1950 A&O 24 25 K 38 36 65 _ 48 X 77 53K . 82 52 French v/U UO Nat Uail -a acruvr-> 74 107 109 vvu Mail SS Lines 6s "52 Frick (H O) Coke 5s to 1944-J&J Frick-Keid Supply 6s 1943. -J&1) Fruehauf Trailer de' 4%b'47A&0 Gair (KobO inco" e notei- 6s 1972 Galveston Wharf Co^,, — 112 97 K 100 101 101 100 J&D 4%s Dec 15 1947-—- Gen Amer Transport 3s 1940. J&J 1941-1942—...J&J f General Bronze deb 6s '40--M&N General Cable Corp— 61" 'm. m> m* 82" 101 24 6%s 1940 -J&D / -27K Deb s f eg 1948 M&N i/ 24K General Finance— See Investing Companies. Gen Motors Acceptance Corp— 106 K 15-year deb 3 %s 1951—F&A Gen Rayon deb 6s 1948 w w. J&D f 74 67 K Gen Stl Cast 1st 5%s *49 w w.J&J General Steel Wares— 73 4%s ser A 1952 ———A&O Deb 80 Georgia Marble is* 6s 195ft.M&N 101 Gerlack-Barklow Co 6s 1950-F&A German Atlantic Cable 7s 1945.. German Bldg & L'd Bk 6%s 1948 / Girard Pt Storage 3 Ms 1940-A&O Glen Alden Coai M s f 4s '65 M&S Globe Industrial Loan— See Investing Companies. 93 K Globe Wernicke 6s Oct 1 '44-J&J Gobel (Adolf) Inc— ■ Conv deb 4%s ser A 1941.M&S 75 Good Hope St & Ir Wks (Germ'y) S f g 7s Oct 15 1945. .-A&O 15 / 17 105 K Goodrich (B F) 4 Ms 1956—_J&D Gordon Baking Co (Mich)— 102 5s series B 1945-50 J&D 102 Gordon-Pagel 6s 1940-1944—J&D Gotham Siik Hosiery— 101K 58 35 40 5 f deb 5s w w 1946——M&S 92 / 63 99 106% 76 69 76 18 K f 57 9 8K f 69 ff T- 95H 35 105% 92% loo" 65 102 — Hatfield-Campbell Creek Coal— 1st 6 Ms 1948 M&S 5 / 7 / 5 18 19" 65% 65% 67 66 5s, 1951. / Mackintosh-Hemphill 5s'51-J&D 100% industrial Acceptance 4s 1952 J&J .... 60 100 72 62" 98% 100% 102 100 QO 96% 50 40 .... McKesson & Bobbins inc— Inspiration Consolidated Copper uterlake Iron Corp— Conv deb ■ f 4s 1947— A&O 89% . 102% Deb a f 5s 1947 M&N f Certificates of deposit £ Conv deb 5s 1941 J&J15 / Certificates of deposit, / 3 3 11 62% 103% 103% 96% 97 Pap of Nfld— 20 97 K 100 r I 100 96 49 102 98 15 70" 93% 94% 85 100% 76 r 79 67 88 70 91 107 M&N deb 5 Kb 1950-M&N / Mead (The) Corp— 1st M 6s 1945 with warr..M&N Medusa Portland Cement— 1st conv 4-5 %s to 1945...A&O Memphis Commercial— 107% 85% 105 87% 105% 101 Messer Oil 1st & ref 6s 1942—J&J 100 90% 54 76" 98 Conv s f deb 6s 1947 Metropolitan Ice 7s 1954 J&J 95 J&J 64 Miag Mill Mach'y 7s 1956—J&D f 13 Middlp States Petrol 6%s 1945.. 100 Miehle Printing Press & Mfg— Deb 5Kb 1948 F&A 102% Miller & Hart inc. deb 6s '43. J&J Ohio Riv, ser 6a Dec 1 *48»F&A / Isotta Fraschini 7s 1942 ..—J&D Jacubs (F L) 5% % dividend 10 70 77" notes 1942 ..J&D Jefferson & Clearfield Coal & Iron Indiana Co 1st s f 5s 1950-- J&J 54 56 94 Jones & Laughlin Steel 1st mtge 4%s ser A 1961 71 Miller & Lux Inc 1st M 6s '45A&0 Minnesota & Ontario Paper Co— 1st 68 series A 1935.. .A&O 1st 6s series A 1945 A&O 1st 6s series B 1948 J&J 1st 6s series C 1950 M&N f 115 „ M&S 0%s '47—-J&J 94 95% 52 ff 6s with warr (par $925) 1943— Keith (B F) Corp 6s 1946...M&S Kelsey Hayes Wh'l 1st 6s '48. J&J 15-yr conv deb 6s 1948.. J&J Kentucky Rock Asphalt— 3%-6%s 1945 J&D Keokee Cons Coke 5s 1959—J&J Keyes Fibre Company— 1st 6s 1940-1949---—M&N Kings Co Refirig 6s 1942 A&O Kingston Elevator 1st 6s '50 M&N Kir by Lumber 1st 4s 1947.J&J 16 Knudsen Cream'y 5%s '50.M&N Koehring Co (Milw) 5s 1945. J&J Koholyt Corp 6 Kb 1943 M&S Koppers Co 4s 1951 ..M&N Kresge Foundation— 10-year coll tr 4s 1945 J&J 3 Hc coil trust notes 1947.F&A Kreuger & Toll— 5s uniform ctfs of dep 1959 La France Textile 1st 6s '42. J&D 1 98% I65H "8" 9K 99 111) 1st ref 3K-4s 1951—-A&O Mobawk Rubber ext 5s 1948 A&O Moirs Ltd 1st s f 6s 1953 J&J 80 85 , Ind 1st 6s 1949 Monroe Coal & 45 L Ry. A&O Mining 6s '47 75 9 6K 104 68 Mtge Bond Co (Md) 2-5s Dec 1*53 98 J&D J&D 99 81 3 1951 —J&D 71 70 74 96" 94 84% 12 104% 104% 104% 105% 105% 105% Call 2)1-58 C ser Coll D 2K"5a ser 4 1956 86% 5 5-68 April 1 1946 J&J Lake St John Power & Paper— 1st 5%s 1961—— J&J Debenture 5s 1961 An Apr / Lancaster Corp 3%s A 1949.J&J Dry Docks 6s '48.F&A Mortbon Corp— Coll A 2K-£s ser 1 1941 Coll B 2K-5b ser 2 1946 80 102% 100% { 120 F&A Morris Plan Corp— See Investing Companies 6 95 to / Montreal 94 Cons Coal & Coke— Montreal Cotton deo 5« '43-M&N 38 99 50 'olybdenum Corp of Amer— 6% notes 1942 J&D Monon Coal—See Chic 91 88 ~ 103" Monong Riv 86 — — - J&D Moslnee Pap Mills 1st 5s '61 .A&O Motor Transit inc 6 Kb 1952.J&J Muni sing Pap 6s A &B 1943. A&O Munson 67K 93 Steamship Line— Secured 6s 1937 J&J Deb 6Kb Jan. 1 1937 wwA&O Certificates of deposit. Namm (&A I) & Sons os 1947F&A 37 2K 2K Nassau (Ger) Land bank 6Hs 193V Nat'l Acme 4Kb ext to '46..J&D 27 80 30 i Inc deb6s'40wwM&N 5-yr 6% notes 1931 37 37K 38 38 Minnesota Tribune & Manistiq Pulp & Paper 5 Kb 1941..M&S 24 io! f ' f / / / M&S / lsslonary Sisters (Waukegan, 97 1st 6s 1943 with Am shs..M&N Ctfs of dep w w stpd 1943— 6s stamped (par $925) 1943. Lane Bryant 56 19 68 „ J&J J&J r 1st 4Kb 1968 Interstate Deb Con> 2-5s Jan 1 '55 interstate Zinc & Lead deb 7a *32 / Iron City-Ohio River Corp— Journal of Co mm conv 17 54 Appeal 4Kb 1962... M&S 98 87% 3% Mengel Co conv 4%s 1947—M&S Merchants Distilling Corp¬ se conv deb 1947— M&S 50 "3% Merchants Ice & Cold Storage— 1st 6%s 1943-49 A&O 71% r 73 68% Mercury Mills Ltd 5%s '53.M&N,. Mersey Paper Ltd 5s 1957—J&D r 98 Gen s f 6s ser A 1949 M&S r 100 103% 88 i03% Messenger Corp deb 4 Kb '51 J&J 11 international Paper 1st & ref s f 5s 1947 ser A J&J 1st & ref s r 5s ser B 1947-_ J&J Ref mtge 6s 1955 ser A M&S 1968 20-yr 100% 102 89 (nternat Agricultural Corp— 1st & coll tr s f 5s 1942 M&N International Match Corp— 5s J&J ,5s • f deb 1951 : 109% _ 98% 18 McCormicks. Ltd, 4s 1952 McCrory Stores Corp— 63 90 r McCloud River Lumb 5s '48 J&J Met'oil Fmnteuac Oil— 1st & coll 4%s A1949 A&O McOoid Had & Mfg— 6s stamped 1948-—.—F&A 102% 71 109 M&N Martin Parry Corp 1 st 5s conv *44 Massey-Harris 1st 4Kb 1954.M&S Matthiessen & Hegeler Zinc— Extended 3-6s 1945— M&S 88" 86 1st sf 4s Feb 11957 Manhattan Refrig 5 Kb 1941. J&J Mansfield Min & Smelting— 7s without warrants 1941 .M&N / M aple Leaf M illing— 5 Ks to 1949— J&D Marine Elev (Buff) ext 5s '52M&S f Marion St'm Shovel 6s '47-*A&0 —Certificates of deposit • . "2% J&J 102% Ind Br'nhoist 6s Oct "54.An Apr- f 60 Lake Erie Bolt & Nut— 15 97 K / . 101% 4%s A 1948 Inland Car Lines 5s 1944 Inland Steel 3 %s ^er n lgfi-j _F&a 98 62 62 Manati Sugar 1st 7%s '42..A&O Ceitificates of deposit siH 1st M 10% 126 125 % ...F&A Lukens Steel 5s extend 1955 M&N Kansas Pipe Line & Gas— 1st 5s series A w w 1952—J&J Karstadt (Rudolph) Inc— , Hart Coal inc 6s 1945 / Iron City ser 6s Dec 1 '48-F&A 35 Gypsum Lime & Alabast— 5%s 1948 —M&S r 99 Hale & Kilburn 6s '39 stmp.. J&D / 21 Hamilton By-Prod Coke Ovens— 1st s f 5s ser A 1955 M&N r 100K 98 Gen sinking fund 6s 1956.. A&O r Harris-Seybold-Potter— Conv s f deb 5s 1951—...A&O 10 75 HI Car & Equip 5s 1948 88 ..J&J Ilseder Steel mtge 6s 1948.. .F&A £.15% Independent Brewing 6s '551 J&J 109 Indian Refining 5s Dec 1 1941... 99 Indiana Ice & Fuel 6%s '47. M&N 72 Cud Limestone inc 6s 1952-.M&N f Prior lien s f 6s 1942 .M&N (nternat Pow & 77 53% S8M Hamilton Cotton 4%s 1950.F&A r Hamilton Mfg 5s w w 1951 ..M&S Ham'd Standlsh 3-6s 1947—A&O Hansa Steamship Lines— 10-yr 6s 1939 w W— .A&O Harborside Warehouses— Non-cum inc 6s Jan 1973— / Harpen Mining Corp— 6s with warr for Am shs.-.J&J / 20 / (nternat Mercantile Marine 1st M coll trust 6s 1941..A&O 71" 12 102 % 75 127 129 X 75 100 97 108 102 21 Loew's Inc deb s f 3 Kb 1946-F&A Logan County Coal 7s 1942.M&N 1st ext'd l-4s 1956— M&N Loiiilard (P) Co g 7s 1944—A&O 50 2d mtge inc 6s Feb 1956— Hungarian Central Mutual Credit Mfg 7a 1937 J&J Hungarian Disc & Exch Bank 35-yr sf 7s 1963 -J&J Hungarian-Italian Bank Ltd Sinking fund 7%s 1963 A&O Hydr Press Brick 6s 1944—.A&O H> grade Food lToducts Corp— 1st & ref 6s Jan 1949 A...A&O 6s 1949 series B J&J Illinois Steel deb 4%s 1940 .A&O • 75 / 98% 34 99% 55 98 / 97% 33% r , ff }I r0% Graham Paige Co 1st 6s 43.F&A Granby Consol Min & Sm 5s 1942 Grand Rapids Motor Coach— Cum income 7s 1962 M&S Grand Rapids Operating Corp— 6s extended 1942—......J&J Grand Rapids Stores Equipt Co deb 5s 1949——F&A Grand Trunk Ry Terminal 6 Cold Stor 1st 6%s 1952.A&O Granite City Pig Iron— Cum inc 5s 1943........M&S Graton & Knight 4%s '51--J&D Great Lakes Paper Co Ltd— 1st s f 5s 1955 A&O Griess-Pfleger Tan'g 5%s*48. J&D Grigsby-Grunow conv 6s '36 M&S Groc St's Prod conv 6s 1945. J&D Gulf States Steel 4%s 1961-A&O Gurney Foundry Ltd—• 1st 4-5%s (w s) 1949 M&N .1 Coal 1st 5s 1962 A—J&D Hudson River Day Line— S f 1st mtge 6s 1946 J&J an 50 48% Gold bonds 5s 1951 ......F&A 72 80" 26 25% Lincoln-Boyle Ice 6s 1947...A&O Lindsay Nunn Pub 6s 1944—M&S Lion Oil debs 4%s 1952 A&O Liquid Carbonic conv 4s '47. J&D of Texas— Hudson Indus Ray 1st mtge s f 5%s 1947 ser A-J&J Gen Elec (Germany) 7s 45.J&J15 27 13% II Progresso Italo-Amer PubDebenture 6 %s 1943 w W..A&0 ^ Ref5%s gerresA"I951._—J&D Ref 5%« series B 1954 J&J 1st 5s 1940 A&O Garlock Packing 4 %■ 1946—J&D 3% notes 76" 101K 101H 56 o 4Kb sf debs 1954 105K - Francisco Sugar 6s 1966—..M&N 96% 23 / Houston Oil ' 2«H —— 101% 95% 75 Housing & Realty Improv— Finance Co of Amer at Baltlmori 102 K 4% notes 1947—————M&i Finland Residential Mtge Bank— 20 K S f 6s stamped 1961 .M&j; 105 K Firestone T & Bub 3 %s *48—A&C First Bohemian Glass Works— 1st secured 7s 1957 J&J / 7K Flour Mills of America Inc— Conv K 6H% notes 1946. f 35 Follansbee Bros 5s 1947J&D 1 34 58 Fontenelle Brew 5s ww 1947Forest Lawn Oo—See Real Ei X ctbtJl 101 32" 38 / - 78% 405 100% 77" 60 UD - X a; Holly Sugar Corp— 80 Federal Screw Wks conv 6%s39 1st s f 5s 1949... - - - M& J Flltrol Co of Calif 5s 1946.. J&I Companies Holland-Amer Line 6s '47-. M&N 37 - 100% 55 77% Fauious Players Canadian— .48 % t §1" 98 . 100 93 50 9P°8 ® t4Xa 1954 ser O—J&J Lehigh Valley Coal— 1st 5s stamped 1944 1st & ref 5s 1954 —F&A Stamped 1954 1st & ref 5s 1964 F&A Stamped 1964 1st & ref 5s 1974 F&A Stamped 1974 Sec 6% notes ext to 1943.-J&J Stamped 1943 Leonard Tietz—See Tietz Leipzig Trade Fair 7s 1953-M&N Libby McNeil &Libb 5s '42.A&0 Liberty Baking 6%s 1944—_M&S Liggett & Myers g7s 1944-A&0 78 75" 34% 25" Layne 92 f 107 K 97 M 20-year 4s s f deb 1956... Falstaff Brew deb 5s 1947— 22% Hearst Publics 6 % s to 1947. M&N 12 2 12 2 Fairbanks Morse & Oo— rcu 11st mtge income 1975..._J&D & Bowler 3-6 %s Dec 1947. Lehigh O & Nav fund 4s '48 J&J Cons s f g 4%s 1954 J&J 110 f / M&S / —...—- / 1st 7s 1937.M&N 7%s income 1960 »t lien 1st liei 7s 1967 ser C 7s Income 1967 Bid Lautaro Nitrate Co— European Mtge & Invest Co— Everlastik Inc Bonds Ask Hawley Pulp & Paper Co- 98 * Bid 67 70 51 54 97 13 102 National Central Savings Bank (Hungary)7 Kb 1962 F&A Natl Consol Bond Corp 2-5s 1953. 86 5 50 166" 99 / p? * Called Jan. guilders. 1 at 100. t Called Jan. 1 at 101 to 101K* 5 Basis. / This price includes accrued interest, k Last sale, n Nominal, x Quoted in INDUSTRIAL JAN., 1940] 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 preceding the date of issue Bonds Bid Ask 96 ) Nat Container deb 5%s 98 106 Bonds 106% 52 55 Distillers Products— National 1956 104T 104% National Kire Proofing Co96 100 National Hungarian Ind 19% 21% 1 75 78 Nat Ice & Cold Storage (Calif) 1st s f ext 3 %s-6s 1952 J &D National Industrial Loan— See Investing Companies Nat Oil Prod deb 4s 1952.. 48% 107 109 20 23 National Radiator Corp— \f 101% 110% f 6s 1948. s —F&A . 20% 1st ref 5s 1936 Equip trust 5s F1940-45..F&A Shuron-Optical 6s 1951 M&N f 100 2% 101 : 102 98 99 98 101 62 62 65 M&S 96 98 2-5s 1953— '53. 86 1957. Poor & Co 101% J&J f / Conv 6s 1942 6s 102 stamped 1942 Royal Pulp & Paper- Port 104% - 64% 25 Debgsf 6%s'51 with war M&S Deb 6s 2930 Ann Apr jr 300 Slgnode Steel Strap 3%s '45.A&O 72% Silesian-Am Corp 7s 1941 F&A liY* Rllverw'd Dairies 5s '41 to '51 J&J 96 Simmons Co Conv deb 4s'52A&0 99% Simpsons Ltd— 1st & coll 4%s A 1951 J&J Skelly Oil deb 4s 1951 J&J 104% Smith (Howard) Paper Mills Ltd 1st 4%s 1951 J&D r 102 % Smith (L C) & Corona Typewr'rs Deb 2% to4%% to 1946—J&J b 100 to Smith & Wesson 5%s 1948. -J&J 70 Socony-Vacuum Oil Co— 105 3s debentures 1964._ .J&J 102% 102% J&D >/ 1/ Potomac Cons Deb Corp 3-6s Potomac Deb Corp 3-6s 1953 52 55" 50% 53% Potomac Franklin Deb 3-6s 1953. 1949 Potomac Bond Corp 102% 1948 National Supply— 1st M 3%s 1954 National Terminals Corp— 55 South Coast Potomac Md Deb 88 Gen mtge inc 6s April 1950 Southern Advance Bag & Paper— 1st s f 6s 1947 J&D Southern Brighton Mills— 5s to 1941 103 23 26 83 87 Potomac Potrero 52 75 49% 88% 51% Pratt Cons Coal 1st s f Pressed Steel Car Co 5s '51—J&J 95 101% / 1953 Corp 3-6s Realty Atl Deb Corp— 3-6s 1953.. 82% 2-5s series B 4.25 4.75 87% Siemens & Halske—■ 98 98 9*5% 91 J&J Shippers Car Line— Equip trust 5a E 1940-42--A&O s f deb 4s 1946—A&O Portld Woolen Mills 6 %s'41 M&N Porto Riean Amur Tobacco— 5s f 6s 1947 104% 103 gold Sne'l Union Oil Corp— 2 %s debs 1954 ..J&J Sh8ridan-Wyoming Coal Co— 3 111 J&J 1st Bid Schulze Baking 1st 6s 1945--M&S 94 Scott Paper deb 3%s 1952..M&8 tll7% Sovill MfgCo 5%s 1945 109 «&J S -ripps (E w) deb 5%s 1943 F& \ 103 Scullin Steel 1st 6s 1941 A&O f 83% 1st conv 3-6s 1951 64 A&O Securities Accept Corp 5s '46 J&D 101 s Pocahontas Consol Collieries 100% 100% 100% 1944..... .... 102 100 1942. 1943 ig 110% 103% 7 19 Pierce Butler & Pierce 6%s '42. / 2% Pine Hill Collieries 1st 6s '42 A&O / 1 -Mttsb Brewing 6s Feb 4 '49. J&J 109 Pittsburgh Coal deb 6s '49..F&A 104% Pittsburgh Coke & Iron Co— lot mtge conv 4 Ms 1952—M&S 96% Pitts Crucible Steel 5s to '45.M&S 105 Pitts Term W'house & Transfer— 1940. %% notes deb '48.M&S conv Iron Istsf6s 1946-M&N 'hoenix Pitts Steel National Steel Corp— Serial 111% 12% 3% 1943...F&A / Pickering Lumber 6s A '46- -M&N / 5 46 36 Phoenix Silk Mfg 7s Mtge r / ..M&S / Bonds Ask Phelps Dodge 3 Ha 1952 J&D 110% Phila & Read O & I 5s 1973.-J&J 11% Conv deb 6s 1949 ..M&8 / 3% Phillips Elec Works 5s 1953.P&A r 99 Phillips Petr 3s f/ Bid Pettibone Mulliken— 6sww 1943 80 84% Sug 7s stmp 1947._M&N 58^55 J&J 1st Price Bros & Co Ltd 28 1st 5s 1957 M&S 2d M&S 72 75 Corp— 85 100% J&D 75 J&D 75 A&O 78 gtd 7s 1940 1st gtd 6%s 1940 Southern Ice Co— 1st & ref 5-8s 1942 ~ Newport Industries— 93 Suoord notes 5s 1947—.... N YUuVli (in *st g 1951.1 Conv 5% notes 1947 ..A " 51% 49% 96 j.. 52 49% NYLE&WC& HR- \f '/ 61 65 75 100 80% 83% 6s stamped 1946 J& Partic deb 2d mtge 7s 1946 J& ' 86 89 82 85 21% *New York World's Fair 1939— Deb 4s 1941 J& 23 45 102 b b 4.50 b 4.50 4.00% 4.00% 4.00% 4.00% American Cement Corp— Deb 6%s A 6%s 4.50 b North 4.50 1943 99% 93% with warr '40-M& M& >/. 33% / 60 95% IV* North German Lloyd- '/ 60 25 b 3.00 b 4.00 b 3.75 27" 2.00% 3.25% 3.00% 89 95 f N'west Pub's Deb 4%s 1948.J& Northwestern Barb Wire 97 87 Northern Redwood Lumber— 6s 1937 J& 90 io 97% 98" 86% 86% 80 perpetual r stock. 65" 95 81 12" 7 Old Ben Coal Corp 6s (w s) Inc deb 7 %s (w s) Aug 1 1953. / Oregon-Am Lumber 6s 1942-j / 40 42 8 37 41 10 98 21 98" / Pan Amer Petroleum & Transpt— 7-yr div notes 3%s 1943..J&D 7-yr div notes 3%s 1944..J&D Panhandle Eastern Pipe Line— 102 76% —- II" 44 J&J Pennsylvania-Dixie Cement Corp 1st m 8 f 6s 1941 ser A.M&S15 Pennsylvania Glass Sand Corp— 1st s f 4 Jus 1960 J&D Secured s f 3-4s 1961 24 28 73 99% 98% 96 95 94 107% r 84% 101 97% 99 96 99 83% 85 90 46 J&J / 1945 Richfield Oil of California— Conv u f 4s 1952 M&S 1940 5%s A 1943_________F&A Stinnes (Hugo) Corp— stamped 1946 Stinnes (Hugo) Industries— 2d stamped 1940 __J&J Strange (John) Paper 6s *44..J&J s 30 87 95 * 10% 102"" 99% 18 19 101 101% / 1 / / / / / 1% 96 St Louis Oar Co— 1st extd 6s stamped St Louis Gas & Coke Cori»— 1st M sf 6s 1947 J&D St L Rky Mt & P 5s '55 stpd J* J St Paul Un Stk Yds 5s 1946- MScO Saltex Looms Inc 6s 1954 A&O Saratoga Victory Mills— 6%s with warrants 1943 J&J 3axon Pub Wks (Germany)— 1st extl s f 7s 1945 ,..F&A Gen & ref 6%s 1951 M&N 6% notes 1947 J&J 19% 58% 104% 5% • 10% 35 99" 20% 63 "6% 6s Jan 1 1951 M&N / 26 Susquehanna Silk Mills— Sink fund deb 5s 5 1938..-J&D / Swift & Co 3%s 1950 M&N 105% 100 Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & Steel— Coll inc 7%s July 1 1958.-A&O 70 Tenn Coal & RR 5s 1951.-J&J 126% Tenn Prod 1st 6%s 1936 73 &J Term Refrig & Warehouse Corp— 4 %s 1948 100 A&O Guar s r 6%s 1946 Stamped 83 86 12 J Quotation n Nominal, 12 11 35 8% 84 25 29 32 32 coup on r Corp deb 3%s 1951--J&D debentures 1959 -A&O 50 106% 105% 85% Thermoid Co 5s w w 1951.-J&D Three Rivers Grain & Elevator— 1st s r 5%s ser A 1951 M&S Ticonderoga Pulp & Paper 6s 1940 Tide Water Assoc Oil 3%* '52J&J Tletz (Leonard) 7%s x-w *46.J&J Tivoli Brewing conv 5s 1947 J&D Tomahawk Kraft Paper— 1st 5s (with stk) 19ol ..A&O Trask Timber 1st 3s 1944 J&D Uchi Gold Mines 1st 6s 1941 J&D Conv 68 4th stamp 1950.-F&A Unified Deben Corp 5s 1955.. Union Oil Co of California— 6s May 1 1942 ser A F&A 29 ser Warehouse 2d 5s '42..J&J 99 101 98 106% ^ ?5.. 107" 40 10 70 72 72 r 93 95" 48 50 Ulen & Co— 18% on) B..A&0 1 3% 73 Tilden Lumb & Mills 6 %s'46M&S nV* 78 Stamped (July 1933 99 20 3% 75 1945.M&N 83 Sugar Pine Lumber Co— 1st M serial 6s 1940-1942-M&S / Texas 105% 9 9 8% 13 6 101% M&S / Term ^ 96 f 5s F&A Superior Elevator & Forwading— r (Portland Me) 4s 1958 A&O Roman Catholic Church 6%s 1946 Rom Cath Church Welfare 7s 1946 Ruhr Chemical 6s 1948 A&O Ruhr Housing 6%s 1958... J&J Sahara Coal inc deb 5s '40.M&N 28 Summerfield Hecht— Extended 3-5s 1951 50 / 24% Sugar Estates of Orients— 45 100 Rogers Brown Iron 5s 1940--J&J 38% 99 A&O Studebaker Corp 6s 1945. J&J Stutz Motor Car 7 %s 1937..A&O 105 River Raisin Pap 1st 6s *45.-F&A Roberts & Oake (Chi) 6s '44.M&N 70 / 1948. M&S Struthers Wells Titusville— 1st mtge s f 5 %s w w 1949.A&O 108% 43 47 35 00 & F&A 17% 100% Deb 2 108 97 J&D 5" 1 98 Strawbridge & Clothier— m, .... 26 98 J&J f 1947 Stevens & Thompson Paper— 3 %s extended to 1958 1st 12% s 1st 7s 1942 ctfs of dep Richmond Cedar Works 6s 1953. f Richmond Hos Mills 5s 1948-F&A / 96 105% 100% 20M Rhine-Main-I >anube 7s *50 M&S / Rhode Island Ice 5s w-s '51..F&A / Richardson & Boynton Co-— 49 94 Textile Prod Stern Brothers 6s 2d 98 97 J&J J&J J&J Stillwater Worsted Mills— 95% 107% 111 1946 6 104% 104% 102% 103% 103% 104% 104% J&J Steel Co of Can 6s 99 100 105% J&J J&J 6%s *42 M&S Stanley Co (Camden) 6s '40 J&D Stanley Crandall 6s 1946..F&A Stanly-Rowl-Clark 6s 1946.-F&A Starrett Corporation— Secured cum inc 3-5s Apr 1950- 60 108 7s 49% 103% x 2%% 1946 2%% 1947 Stand 99 * Called Jan. 1, 1940 at 105%. t Called Feb. 5 at 105. 6 Basis. / This price includes accrued interest, k Last sale, 2%% 1945 96 union 1943 .! 2% 1944 102% 102% 103% A&O 19 93% 30 J&J Pt Louis Amuse't 1st 6s '45.A&O 41% Peerless Cement 1st 5s 1948--J&J Penman's Ltd 1st 5%s '51..M&N Penn Amer Coal 6s 1941-56..J&J Penn Mercantile Properties— 15-yr 2%s deb 1953 100 Rheinelbe Spalding (A G) & Bros 5s '89M&N Spang Chalf't & Co 1st 5s '48 J&J Square D Co deb 5s A 1945i.F&A Staley (A E) 1st mtge 4s '46.F&A Serial notes 1%% J&J 5s 1948 Dairy Products— J&D 102 M&P 4%s without warr'ts 1956 M&S Republic Steel Corp— Gen mtge 4Mb ser B 1961-F&A Gen mtge 4 Ha ser O 1956 M&N Purchase money 5%s '54.M&N Restigouche Paper Ltd 6s '48F&A 63 41 Standard Ice 1st 6s 1947---.F&A 1% 95% . _M&N 52% 52% 101% Remington Rand Lnc— 20-yr dph 4 %s w w 1956 99 105 f 5s 1953 ser A June 1 & Dec 1 1944 1^-2 2-2 % % June 1 & Dec 1 1945June 1 & Dec 1 '46 2H-2x4 2 %-2% June 1 & Dec 1 '47 o 2%-2%._ June 1& Dec 1 '48 Railway Wmouse 4-6s (w-s) '47Rualty Bond& Mtge deb3-6s'53. Reliance Grain Ltd 4%s 1952.J&J I 5s 1946-M&N Pocky Mtn Fuel 5s 1943.._ .A&O 38% 38% 96 Southwest 100 % June 1 & Dec 1 '42 hi \H. % % June 1 & Dec 1 '43 conv 97% J&D 100% 100% 101% %-l^> June 1 & 1DecDec 1 '41 % % June & 1 1940-1 %-l % Mfg 10 Southern Kraft Corp— 1 st leasehold 4%s 1946 Conv Income 5s 1944 Southwestern Devel 4s 1943-J&J S'west Lumb Mills 5s 1955. .M&N Serial notes— Revere Copper & Brass 1st mtge 4%s s f 1956 1946,fF&A Standard Oil Co (N J)—Debenture 3s 1961 Roch & Pitts C & 1st mtge & lien 4s 1952...M48 104% Paramount Famous Lasky 6s 1947 / 118 Paramount Publix 5Mis 1950 / 118 Paramount Pictures 3 %s '47.M&S 83% Parmelee Transportation Co- s 50% 50% Riordon Pulp & Paper Ltd— 1st 6s June 30 1942-..J&D30 59" Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 J&D15 / Certificates of deposit / S f conv deh 6s 1944. ..A&O Paton Mfg Ltd 1st 4%s '56.M&S Peabody Coal Co (Consol Co)— 42 102 50 Rheem Utilconv 6s Southern New England Ice— 1st s f 4 %s 1967.A&O Southern United Ice Co— 1st 4s w s 1950 A&O 91 Rima Steel Corp 1st s f 7s '55 J&D m 104 99 J&D stamped 1941 30 101 Without warrants Otis Steel s f 4 Ho A 1962 75% J&J 92 Oxford Miami P^per 6s 1947-F&A Pacific Atlantic SS 2-5s '43.M&N / 49 Pac Coast Cement 6s A 1942-J&D 78 *» 9 Midwest Corp ref 6s 1940.M&N Railway Express Agency Inc— 66 6s 1943..--J&D Pacific Coast Co 5s 1946 «. 40 Richmond Radiator 5s 1948 M&N f 1st .M&N Richmond (Va) Ice 6%s '42-A&G / 1st & ref 5-6 %s 1947-.--.A&0 Orono Pulp & Paperg *» 101% 103% Qulncy Market Cold Storage & Warehouse 1st 5%s 1946.M&N Radio- Keith-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid-. Debenturj gold 6s 1941--J&D Cum income 4s / Osgood Co deb 89% A&O f 158 1953. lee & Southern Improvement 1st 5s '41- f 3%s assented 1946 47 62 Sou 98 Reynolds Met deb 3%s '51—J&D Co— 85% 85% 6s s 96 Church of Germany 1946 6s 103% North American Car- r Prov Paper Ltd 5%s 1947.-M&N Purity Bakeries 5s 1948J&J duiker City Cold Storage— 1 st Rock Corp— deb 4a 1957 Yotestant 7s lst 6s ext 5%% 1942 M N Y L E & W Dock & Impt— New Y«»rk Trap conv -Yoduee Term & Cold Storage— 1st income 6s 1958 J&D 9 112% 15-yr 3 Ha deb 1952 J&J *105lsu 3s debentures 1959 F&A 102 Union Rock 1st 6s a f 1947-.M&S / 16 Union Term Coal Stor 6s '39.F&A 100 United Amusement Corp— 1st s f 5s A1956 F&A United Biscuit deb 5s 1950..A&O 75 114 107 102% 17 77 108% $89.50 oFprincipal amount; 5% was paid on July 2 and 5% % on Sept. 25. Canadian funds, s Sale price, x Called Feb. 15 at 100. INDUSTRIAL 84 MISCELLANEOUS BONDS & "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All bond prices are Bid Bonds Bonds Ask Walker United Cigar-Whelan Stores— 8 f 6s Oct 1 1962 A&O United Corps Ltd inc 5s 1953 F&A United Elec Goal Cos inc 7s 1946. _ 65M 73 97 79 H M&S15 Ltd—_ 5s series A 1948 J&J 5 Ms series U 1949 M&N United Merch & Mfrt 6s 1945 J&D United Drugs 6s 1953 United Grain Growers 80 % r r 97 M 98 M 16 19 / 6s debentures 1948 100 M Warner Co Conv 100 U 8 Finishing 5s 1944 J&J / U 8 Print & Litho 6s 1950.-A&O 91 93" U 8 Radiator Corp— conv deb s f 5s 1946 50 F&A 105 H U 8 Steel Oorp 3 Ms debs '48 J&D United Steel Works (Germany)— 22 M / 13 6 Ms series U 1951.. J&D / 22 M 3 Ms assented O 1951 / 13 6Ms series A 1947 J&J f 22M 3 Ms assented A 1947—-— / 13 United Stockyards Oorp— 89 M 15-yr coll tr 4 Ms A ww *51 A&O 103 M United Wall Paper Fac 6s 1947-32 Universal Sewer Pipe 6s 1943-J&J Utah Ice & Storage (Colo)— 63 4-58 1954 J&D 68 Utilities Elkhorn Coal 6s 1948 J&J / 91 Valvoline Oil ext 5s 1947--M&N Vanadium Corp of America— 105 M Conv deb 5s 1941 A&O 86 Van Camp's Inc 1st 6s 1943..J&J 74 Van Dorn Iron Wks 7s J une 11942 Vertientes-Camaguey Sugar— 90 1st coll cony 5s 1951 A&O Vertientes Sugar lst 7d 1942— ' Certificates of deposit / 12M Viau Biscuit Oorp 6 Ms *46—J&J r 100 Vicana Sugar Co 6s 1955 J&J / 7 Victor Amer Fuel 6s 1940—F&A / 21 39 Victor Fuel 1st s f g 5s 1953..J&J 90 ValHardwood Lumber 6s '42. J&D Va Iron Coal & Coke 5s '49.M&S 39M 25" 20 90 Debenture 4Mb 1945 Wheeling Steel Corp— 1st M 97" * N Y Curb Exch... 550 919 38 6-year 7s -f'W - » A 1930 ser Secured 6s 1945 Wllbur-Suchard 4s Wilson & Co 49 ser 200 550 600 1,500 1,900 3,500 650 "375 66 3,700 161 Minn Ch of Comm. Minn-St P Stk Ex. 523 150 1,000 18 1.000 Montreal Curb Ex. 100 Montreal Stock Ex. New Orl Cotton Ex 500 6,000 28,000 1,000 Conv debs -3 MSA947—----A&0 Wilson (W P) inc 6 Ms 1945-M&N New Grl S tock-Ex.- —70 (Bdof Tr) Los Ang Stock 14 14 88"" 25 104M Exch t/80 "l50 1,100 5"OO6 700 f 45" J&D 98 6Ms w w 1944 80 20,000 32 200 113 40 26,500 463 4,000 \ Seattle Curb & M. J Toronto Stock Exch 70 67 69 Washington Stk Ex 83 Extend income 6s 1963.—M&N Woodland Farm Dairy— 43 400 500 Seattle Stock Exch Wise Lime & Cement 6s '38. A&O Witherbee Sherman Inc— 100 200 450* 44 San Fran Stock Ex. 100 M -...-.M&S 5Ms 1943... 41" i",65o —400 100 750 Salt Lake Stock Ex. Winslow Bros & Smith— 12", 666 '850 * Winnipeg Gr Exch. "9" 1,200 loo Pittsb Stock Exc)h.. St Louis Exchange. 62 3",700 1,400 200 -98— ..r 650 350 213 75 Milw Grain & Stk. 85 3,500 1,900 550 60 Detroit Stock Exch 101»M - 2,000 1,500 1,800 2,250 41 Ft Worth Gr & Cot 1952 / 20 A 1955—J&J 103M "900 3,500 Kan City J&J f M&8 800 2,100 98 12M 12 H 18M 65,000 7,000 2,300 n 139 Boston Stock Exch. 97 M 111 M&N 52,000 6,000 8,500 900 250 150 Chicago Bd of Tr__ 1,549 Chic Merc Exch 473 350 .Chicago Stock Exch 54 Cleveland Stk ExcL 78 certificates of deposit 1935... / Prior lien 7s certificates 1935 / 106M Last Sole NY Prod Exch 1,371 Assoc membersh. Baltimore Stk Exch 76 102 f 4Ms ser A 1966..F&A Paper 7s 1942 M&N 109 M 106M 109 106 Exch—.1,375 $62,000 Cotton Exch.. 450 7,500 Oof & Sug Ex. 2,000 344 Commodity Exch.. 5 100 "400 i",66o "255 350 4,000 55 & Basis. Called Feb. 7 at 105. N Y Wickwire Spencer Steel— Vulcanite Portland Cement— V s Whftaker 94 87 M SEATS No. 99 .-J&D 60 92 M N Y Stock 52 White Sewing Machine— Deb 6s 1940 _ r EXCHANGE 97 95 100 F&A 90 -J&J 103 M N Y ( 94 107 112M 110 Youngstown Sheet & Tube— 1 st M s f 4s ser C 1961 M&N Conv 48 debs 1948 M&S 33 Weyenberg Shoe Mfg— 104 M 40 92 106 r Yate»-Am Mach 3-6Ms '44.A&O York Ice Mach 6s 1947 A&O Debenture 6s 1943 J&D 35K 34 W Va Pulp & Paper 4 Ms *52 J&D 1st mtge 3s 1954 99 J&D Western Dairies Prod 6 Ms '41 J&D 103 M Western Grain Co 6s 1949 J&J / 35 Western Newspaper Union— Conv deb 6s 1944 99 r 6s 1942 71 29" 79 West Boylston Mfg 7s 1942--J&J West Indies Sugar 6s 1947..A&0 West Va Pgh Coal 6s 1947 - 1st 7 Ms 1943 M&N Wabasso Oot'n 3M-4Ms *61 F&A Walker Coal & Ice 8s 1940—M&S M&S / Webster C&O 1st g 5s '42 op M&S 106 .J&D f 6Ms8eries A 1951 3 Ms assented A 1951 7s 1939-J&J f r Woodward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962..Ann Apr Woodward & Tier nan Print— 85 49 27 5 Ms notes 1937 M&S / 31 Warren (S D) Co— 1st mtge s f 4Mb 1952 M&N 101M Conv deb 4 \i%1952 94 M&N Watab Paper 1st 6Ms 1942.-J&J 91 51M . „ 77" 84 M 65 A&O 1941 f deb 6s s M&S 1944 Co 6s 1939.M&8 / Warner Sugar Oorp Warren Bros Co— 30 100 5 1st 6s 30" Warner-Quinlan 99 M 99 r J&J J&J 1946-1947 4Mb series A 1952 4s series A Warner Bros Pictures— 99 M 99 M B 1949..F&A ser 6^ 98 U 8 Gold Storage (Kan City)— 1st sink fund 6s ser A 1946-F&A 1st sink fund 65 A&O Mfg Co Ltd— 1st 3s to 1941—J&J 3 Ms series A 1942-1945—J&J 105M 20-yr 1st mtge 4s 1955 United Industrial 1st 6s 1945-J&D / Deb 6 Ms 1941 M&N U 8 Gold Storage(Ohg)6s'45-J&J (Hiram)-G & W— Deb 4 Ms 1945 105 J&D Waltham W'tch & Cl'k 6s '43 J&D 104 Walton Lumber 1st 6 Ms '41 Q-Jan / 43 Walworth Co 6s s f deb 1955.A&O 72 67 71 Woods Ask Bid Bonds Ask Bid / This price includes accrued interest, k Last sale, n Private, s Sale price, r Canadian price, Ex-interest. x 80 seats, 70 members. Quotations are for the last day of the month preceding the date of Bid. Bonds ... 14 16 Iowa of Sioux City ... 14 16 2 2 2 ... 100M 99M ::::::::::::::::: 100 99 99 First of New Orleans 5s First Texas of Houston 5s. 75 4Ms 75 5s.... 5Ms 101M 102 75 - Illinois Midwest 5s z - New 99 99 99 York 6s Carolina 3s Oregon-Washington 5a Pacific Coast of Portland 5s— Phoenix 4Mb 41 100 102 103 21 5s 85 85 85 21 — 100 83 San Antonio 3s Southwest Southern 99 f Flat price. 82 5Ms Montgomery 3 Ms St Louis 4 Ms 5s 99M Fletcher 3 Ms............ Fremont 82 82 North First Trust of Chicago— 99 M 58 11 Minnesota 5s 86 86 86 Par 100 Atlanta 71 100M .....--..--100 40 46 130 140 100 Atlantic. 60 8 Dallas Denver 45" Des Moines 104" Freemont.. Lincoln First Carolines -.-.-..-.---100 100 .... ... - 45 100 .......... 3] 100 9 Carolina............-100 Pennsylvania 100 Potomac ..............100 San Antonio 100 Virginia. ..................5 Virginia-Carolina 100 73 29 23 New York 23 North 12 100M 100 100 101 86" 100 100 99 M STOCKS 105 As* 99 Union of Detroit 2Mb. 5s Virginian 2S 99M 4Mb——. Bid Stocks. Ask. 100 m 100 M 98 M Carol in as 5s 4Ms- 4Mb Lincoln 100 99 M Dallas 3s Denver 3s First 2 2 ... ..... 97 M Lafayette 5s_. Burlington 5s-_ 4MB Chicago 4M«———— L5s 5MB — Bid. Bonds. Ask. issue. ?5" ;p 32 100 110 75 80 1H 2M 100 Ex-dividend. Investing Companies Stocks and Bonds Concluded from page 72 Stocks and Bonds Par Bid Per Seaboard Finance Oorp $2 cum pref ww $2 cum preferred Second Carey Trust Securities Co of New York * * 100 Consolidated 4s Selected Industries $5.50 prior stock 21M 45* 27 Securities Corp General com * Selected Amer Shares Inc 2M Selected Income Shares 1 ..—25 Convertible stock Allotment certificates Shawmut Association 9.lo standard Investing Corp com-.* 25 25 50 ♦State St Investment 10.M March 1 Talcott (James) com Tobacco & Allied Stocks Inc 11M Tobacco Securities Trust Ltd— Am dep rets ordinary-...£1 5M% partic preferred.. _...* 1952 M&S Standard Amer Trust Shares ♦ Am dep rets 90 M&S 82 Sovereign Invest. Inc., com..10c Spanish & Gen Oorp Ltd— Am dep rets ord reg £1 Amer aep rets ord bearer £1 Spencer Trask Fund Inc * .68 .76 Tri-Continental Corp 6% cum preferred Warrants if 15.67 3.58 16.59 3.68 5s conv deb 44 £1 11.05 5 1953 J&J * No par value, t Ex-coupons. 1.33 2.58 2.53 5.40 5.28 Securities com—* * U. S. & International Sec——• !8 1st pref with warrants Util Equities Corp com $5.50 priority stock Utility & Industrial Oorp * _.10c 1 5 7 Convertible preferred— 78 % 108 62c .97 / Flat price. Wellington Fund 1M 16 2.23 6M 80 59* 53 l8 14.31 ......... Western Reserve Investing—• Deb 5 Ms 1944 Wisconsin Bankshares * Last sale, n Nominal, F&A Ask share 1.381 2.68 2.63 5.50 5.38 3M 94 1.01 Voting shares $6 1st preferred .--- Trusteed Amer Bank Shares B 25c Trusteed Industry Sharea 25c Trust ctfs series B— U S & Foreign 2M * Shares....50c C 1 1 Trustee Standard Oil shares A..1 Series B 1 Union Investment common.. * Cony deb 5s 1946 —M&S United N Y Bank Shares C3-._* U S Elec Light & Pow tr ctf A—* Trustee N Y Bank .. _ 6 — Bid Per Class D * deferred Par Trustee Stand Invest ser 50 Transamerica Oorp Quotations not furnished by sponsor or issuer, 9 58 Shawmut Bank Inv Trust— 5s —.—1 58 51 Stocks and Bonds Ask share 15c * * $4 cum 2d preferred * luper Oorp of Amer class A—2 Class AA —.............1 Class B 2 5 4M« Mar 1 1942 Corp... Suburban Elec. Securities 32 "M Supervised Shares ... Bid $5.50 preferred w w * Standard Utilities Inc..—.—50c 4.38 * com Par 5 1 - Stocks and Bonds Ask share 100 M » x Ex-dividend. 96 H 1M Quotations for all securities Stocks Par Bid Stocks Ask Per are as near as Par possible for tbe closing day of the month preceding the date of issue Ask pid Per share Brandon TEXTILE Class STOCKS 90 Calhoun Mills....50 Preferred. 40 Atlantic Rayon Bates Mfg 1 100 Beacon 5 7 26 28 5h 85 10 4X 12X $1X conv pref.20 Berkshire Fine Spinning Co— 5% preferred— 5X 42 P 46* (Richard) Borden 11 10 .... 26 -11- —42J4 76" 79 X -4M- .^..4X 33 X 32X 39 42 40 80 Co 12 99 10X 25 16"" 90 i* Mfg—100 Preferred 100 Mt V-Woodb Mills J* Ix 100 Nashawena M * Nashua M (N H) 100 Preferred 100 33 2nd preferred—1 3 48 8 fr 6X 7X Naumkeag Steam 100 7 50 41X 27 25X 27 26 27 49 50 UX Mills com—--—1 88 89X 1 2 21 25 12X Carnegie Metals Hanes (F H) Knit.5 7 % preferred.. 100 Hartsville Cot Mills. 11 13 114 82 116 Copper Corp 47c 1 IX 10 Hargreaves Mines * 6h K\ AL ESTATE TR A 1 37X * LAND STOCKS Bd of Tr Bid Tr.100 a Bos Gr'd R'T Tr 100 a Bos RET (Bos)_100 a 4 18 21 10 Chief Consol Min.-l Chile Bos Stor W'h'se.lOO Boston Wharf 100 a 7X 5 8 Clear Creek Cons— Cent BldgTr 100 ChicRETrus's. 100 a a 6 OltyRET(O)—500 Congress St Associ¬ ates (Boston).lOO Factory Bldg Tr.100 Fifty Associates (B). Hotel Tr (Boston) 100 Kimball Bldg Tr 100 a 85 8 44 70 75 92 70 95 46 96 Common 10c Cliff Mining.. —.25 Consol Copper 6 Cons Min A Smelt .5 Mills pref pflOO 100 King (J P> Mfg. .100 Lanett Bleachery & Dye Works com 10 100 Majestic Mfg Marion Mfg Co l66" Copper Canyon-10c Copper Range __* Cornucopia Gold.5c 52 52 45 46 35 Oresson Consolidated Gold Min k M..1 Ousi Mexicans. _50c 22X UX 41 Eagle Pit h Lead.-10 33 30 52 E vans-W allower It* 7 % preferred Power common 33 37" 79 77 100 60 100 27 66 15 Pacolet 36 39 8 Perfection Spinning Pickens Mill 85 5X 7X Knitting—100 7% preferred ..100 Piedmont m mm mm mm 7% preferred. .100 United Elastic * Utica Mfg 100 7% preferred-.100 m> 10X 32X mm mm mm 10X 34 87 6X 9X 58 Mohawk Mfg 20 Poe (F W) Mfg.-100 Common 38 40 100 5X 6 Wayne Knit Mills .5 13 X 15 Mills 50 7% preferred. Southern Bleachery Southern i Acme Spinning Alabama Mills—-* 106 Southern d* 4f« 66 70 60 * 46 50 100 97 102 25 15 Avondale Mills..—1 * com Spartan Mills. Startex Mills _ 7X 7 20 8 Beaumont Mfg—... 95 92"" 7% preferred----Belton Mills (SO)-25 Preferred 5 97 8 --- 45 50 100 93 21 70 120 19 75 43 48 .100 ..20 Textiles Inc com. Class A pref Class B pref _ 48 10 57 X. 100 50 73 15 17 5 _ 1st M Mines lc new Mt City Copper..5c 83 and Mines com..* New Jersey Zinc.-25 20 23 52 Newmont Mining. 10 New River Co 100 48 118 6s Jan 1941 Guar & 6 a 3 * X 12X 9 1 12 X 165X Trust 20 3X 6 Rosarlo.. ...10 e 1 6X 5 10 55 65 Preferred ..100 Abitibi Pow A.Pap.* 6X 25 X 6% preferred .100 7% preferred-. 100 Sift IX 13 24 mmmmrn IX 14 29 "2 Abraham & Straus.* Acme Steel 25 40c Acme Wire 37 X Adams (J D) Mfg..* Adams Millis * 9X 10 Adams Gas.* 3X 22 X 4 Addressograph Multigraph Corp...10 Advance Aluminum 17X 18 X 122 IX 9 63 13 X 25c 22 75 6 25 60c 68X 144 Mfg.. 100 $6 preferred Aberfoyle 40c 68 X 142 18 & Fitch 13 X .X 1 h IX Oil A 43 48 47 X 22 ...10 48 X 22 X 72c* 23 X 80c 5X 5X Castings com 5 Advance Bag A Pap 3 X 33 X % 34X 6% preferred. .100 35 8% preferred.-100 Rumely. * 90 3X mm-mm Advance . 4c 15c 45X 10X Aeolian Co— 46 X 10 6% preferred A.50 Aero Supply MfgClass A Class B IX 1 1 Aeronautical Gorp.l 4c 11c 4 4X Aetna Ball Bear Aetna Rubber 1 Preferred 100 Aetna Stand Engine* IX 62 62 70 73 Agfa Ansco (Del)—1 Agnew-Surpass Shoe 9X Preferred 100 N Y A Honduras 98 Stove * Abbott Lab'tories.* Common Tunnel 80 1st 7% pref—100 2d 5% pref... 100 3 a A B 6X Canada Mother Load Ooali'n National 10 Victor-Monagh'n 100 7 % preferred- 100 Victory Yarn Mills— Lucky Tiger Comb Gold Mining—.10 Magma Copper OolO Mayfiower-Oid Colony Oopper_25 MclntyrePorcupineS Miami Copper 5 Mining Corp of 80 Union-Buffalo Mills Common 2 300 INDUSTRIAL AND MISCELLANEOUS 26 51 5 Lava Cap Gold Mini Louisiana L'd A Ex 1 Worsted— 1st mtge notes . 4X% convpfd 100 Abbotts' Dairy * 5 Lake Shore Mines .1 100 99 18 59 25 Kirkland LakeGold 1 Stowe Spinning Cotton n" 10 58X 49 X * 15 Sterling Spinning 100 86 95 Southern * Inspiration Cons Copper 20 Internatl Mining: .1 Island Creek Ooal.l $6 preferred 1 Isle Royale Oop__25 Jardine Mining 1 Kennecott Copper.* Kildun Mining 1 King David Min.50c 82 7% preferred 100 Weaving.* 5 Anderson Cotton 65 Franklin Process Amer Yawn A Proc— 28 * 6 Print Wks Title Abercromb Illinois Zinc 103 7 7 100 it* Min 31 12 6% preferred. .100 Rowan Cotton Saxon Mills Preferred Southern Mills 110 Bay 45 6.X 11X A Smelting __* Idaho Md Mines. .1 57 25 ... 7X 35 common 25 7 % preferred. -100 Riverside & Dan Riv Mortgage Guar. Columbia (D C) 5 Empire Title &Gul0U Home Title Ins (NY1 Real Estate (DO) 100 of New York Copper Co 100 Mining 25c Hollinger Mines 5 Hudson Riverdale Mills— Smyre (A M) Mfg 10 Cotton Mills—100 7X 12 X Howe Sound Co 5 29 81 X Homestake Mines 73 25 30 28X 41X % Hecla Orr Cot Mills..-100 Chatlllon.-l Class A 1 40 5 70 7% preferred ... a Greene Cananea 48" 12X 5% preferred--100 ,..28H IX Granby Cons M S & 20 43 65 45 nx 14X Tubize . 1 Norris Cot Mills Newberry C M..100 6X X Goldfield Consol 2 ... a Bankers Bond A 60 Mines 73 16 Cotton. a 100 28 90 Mills. .100 .. Zinc, Inc 1 Federal Mining k Smelting new 2 Golden Cycle OorplO 1 "5" TITLE GUAR¬ ANTEE & SAFE DEPOSIT STKS Evans Wall Lead— 60" 20 a 80c Dome Mines Ltd..* 37 28 25 47 105 50 May Hos'y Mills 100 $4 preferred Mills Mill pref.. 100 Mooresvllle 25 Copper 12 38 Industrial Cotton 3X Soule Mill (N B).100 Bibb Mfg 5c 120 4 Nat Yarn Mills... 50 * Preferred—--20 Sagamore Mfg (F R) —100 Sanford Mills * Skenandoa Rayon.* Mills 3J $3 prior pref Highland Pk Mfg 20 6% preferred Imperial Yarn 2X Common Arcade Wright Cerro de Pasco 87 Musgrove Cotton Roxboro Knitting— Preferred 3 Saco Lowell Shops Preferred Preferred Central Am Mines. 1 Central Eureka 1 Monarch Rich Borden Mfg— See Borden— Mills t>* Utah Metal A Tun.l Walker Mining 1 Callahan Zinc-Lead Co 1 Calumet & Hecla..6 17 Henrietta Mills— X 1 1 _ Tonopah Mining.-1 Union Copper Land A Mining 25 Utah Copper Oo„10 10 Sup 30 Marlboro O Mills..4 Pepperell Mfg—100 Mfg 100 Pilgrim Mills 100 Qulssett Mills 100 Appleton Co mm 6 White Knob Copper 15 Limestone Cot Mills Linford Mills, 14 X Pierce Amer Enka mm mm 16X 10c 41X 5X 5 AC2K 25 l^aurensC M 6% prior pref.-50 Pacific Mills * Patch ogue Plymouth Abbeville Mills 0m 5 Cop & Z Oo_5 Butte & 12 5 Teck Hughes—. Tintic Standard •29M 12Vs % X Dredg¬ 5 6 Sull'nM Butte 42 20 Preferred B 39 X Nonquitt Mills * North Amer Rayon— Com class A * Com class B * M 44" IX Antelope Min Silver King Coal Bunker Hill 8X 12X • So Am Gold A Plat. 1 Stand "Silver-Lead. I Sunshine Mining. 10c Mines—1 Gold ing, Ltd 30 39 _ Judson Mills A Rayon class A. .25 W&msutta Consol 41 20 Copper 6X IX 1h 1 25 Shattuck Denn Black Hawk 7 25 Preferred 27X N J Worsted pf—100 N ewmarket Mfg— * A 30 37 25 Inman Mills New Bedford Utica Quincy _ Austin Silver Min--1 Bagdad - 4% preferred..... 100 Cotton mm Mills— Preferred Amer shs ctft—10 Pioneer Gold Ltd. .1 Polaris Mining--25c Pocahontas Premier Gold M & Hamrick Mills 4 ... mm Bulolo Glenwood Mills. 100 Gossett Mills.... 87^ mm 92 Gainesville Cot Mills $6 part pref A—.* 12X mm 2 Patino Mines A Ltd Amer snaresSt Anth Gold M...1 St Joseph Lead.-.10 Smelting 1 85 prior csonv pf 25 Anaconda Copper Mines .--—50 Andes ''opper M.20 Lead 7X 1 - 31 30 — 50 10 Granteville Mfg Mines 1 Pond Creek 10 Zinc 6 Tin 60 Gold Amer 21— 115 100 _ Gaffney Mfg-. Conv pref.. Martel Mills— 107 131" STOCKS 15 110 100 - 14"" 20 89" 106 * 55 - i-9- 102 IX Units 100 Alaska Juneau 12 10 Enterprise— 14 52 50 10 14 103 104 X 87 Preferred 100 Penmans Ltd com.* Preferred 16 148 55 Mining t— 7 % preferred Grendel * Cottons.. Wabasso Cotton 1254 6% preferred--100 IX Preferred "3"" 50 Consol Mining 109X 100 Preferred 40" 46 Fulton Bag & Cotton Mills. * 19 100 Domin Text Ltd Fairforest Finish Co Serial notes Oriental 7 15 Montreal 2X Erwin-Cetton——-20 77 X 9 (N B)-75 Ludlow Mfg Assoc.* Luther Mfg 100 125 5X Converters. 100 50" 16 Dwight Mfg—12X Eagle Yarn Easley Cotton Mills 7 % preferred Eflrd Mfg. 100 13 Kilburn M Preferred B 115 Can Cottons Ltd 100 42 22c Mining Com__25c Consolidated Park-Utah Consol 100 65c Old Dominion Co.25 Oklahoma Interstate 98 Preferred IX 60X 61c 5c Roan Hartfora Rayon vtcl (Baltimore) 50 Can MINING Hathaway Mfg.. 100 Kendall Co com—* Merrimac 65 Ask share 59X 1 Pacific 110 27 X 13 preferred.25 62 26 Hosiery— Florence Mills 6 Worsted-50 Gosnold M (N B)__* Preferred 100 58 24X 100 5 Ohio Copper of Utah Mills l65" 60 7 % preferred Cotton—• Knitting—2 H Goodall Prgfhrred Canadian Mills 7 % preferred- -100 Mills. Flint Mfg 8 units. 8 West Point Mfg. .20 Bid Par Noranda Mines * North Butte 2.50 117 6 * 20 Spinning.. Durham 6 111 Mills Wiscassett Mills Woodside Cotton.20 See Indus, stks preferred-.100 Prior 16 72 95 7 36 Dunean IM 8 Fair. _AJpaoa.~^100 Franklin Process--* Fruit of the Loom Globe 91 20 2X P Brighton Mills— Preferred 100 Cabot Mfg 100 Cleve Worsted Mill ^Common Draper Corp. * General 90 88 100 Darl'gton Mfg(SO) 5 Drayton Mills 20 Bradley Knitting— 1st 6 83 Dallas Mfg (Ala) 5 10 * Preferred _ Chlquola Mfg 20 6% preferred Clifton Mfg (SO) 100 Climax Spinning- .50 Columbus Mfg (Ga) Common.. 100 Converse (D E).100 Crescent Mfg Co com Border City Mfg 100 Botany Worsted— Mills class A 5 Bourne Mills 10 8 % preferred- Stocks Nipls8ing Mines 95 100 Wlnget Yarn Mtge 6s 100 Co 6X 44 95 26"" 39 X China Grove Cot-.. 100 Beaunit Mills 23 M ...* II Per .100 Wellington 38X Mills Ask share Washington Mills 100 C had wick-Uoskinu Mfg— Preferred 7 % preferred Cannon 66X * 100 Ware Shoals Mfg 100 Callaway Mills.—.* * __ 22 Apponaug Co Arlington Mills Wallace Mfg Co.... 95 20 . * Bid Per 4 "2"" * 7% preferred 100 Burlington Mills.. 1 Northern Mills Amoskeag Co Par 40 Corp A. 100 B Stocks share Common * 80 25X Preferred .....100 A ins worth Mfg....5 26 X Air Associates.. .1 Aircraft Accessories. Aircraft Precision Air Devices Oorp—1 a * Purchaser also Without par value. pays accrued dividend. 1 /Flat price. k Last sale.1 n Nominal. r Canadian price t New stock. a; Ex-dividend. 4 INDUSTRIAL 86 Stocks Ask Bid Par Stocks day of the month preceding the date of issue Air-Way Electric Appliance Alaska Pac Salmon* 3 154 154 21 23 1 3 Blumentnal 20 23 654 654 5% pref 100 Amer Maracaibo-.l Amer Metal Co * 5* 4 54 Alberta-Pacific 254 Grain class A-. Preferred 100 32 4 5 6% pref w w—25 Pref ex-warr_25 _5 3 4 Warrants 68 19 13 54 135s 754 Am Ship & Comm.* Amer Ship Build.-• 7 54 8X8 6854 Amer 3954 13 -1454 19 140 54 11454 1654 50 6% preferred Bemberg com.* 100 Am Beverage Corp. 1 7% preferred 5 American Book. .100 Amer Bosch Corp—1 Amer Box Board—1 A.Brake Sh & Fdy— Common * 554% conv pf-100 American Can 25 7% preferred. .100 American Canadian Properties * Am Car & Fdy * 7 % preferred 100 Amer Carmel 100 Preferred - _ iF8 254 Found. .10 7% preferred-.100 __ 254 Am Vitrified Prod.* Preferred * 46 36 h 39 Amer Wind Glass— Class A 100 50 y 46 y 10 54 49 J4 iJF F 42 54 5 y 0% 44 y 11054 5254 10 54 49 54 18 54 154 42F 6 754 134 113 54 IF 3154 51 J/* 100 854 54 1454 6J4 53 654 20 Am Crystal Sugar 10 100 6% 1st pref Am Cyanamid A. 10 Class B 10 ' 5% preferred—10 Sugar 100 Apex Elec Mfg * Applied Arts ..1 Appollo Steel .10 A P W Paper new. .5 IF 7 1254 & 33 30 33 54 1154 1154 254 . 854 pref-.100 108 7% preferred-.100 115 117 53 3754 5254 50 11 1054 354 7 9 13 17 78 85 1554 40c 954 10154 9654 15 7% 654 1154 1254. 17 7 3 >4 1st preferred--100 2d preferred-.100 Amer Hard Rubb.50 68 72 33 35 Atl Coast Fisheries- * 11 1254 100 SS Lines Amer Hardware. .25 Am-Hawalian SS.10 2254 2854 IF Am Hide & Leath-.l 3# 3F 6% preferred _ - .50 Amer Home Prod. Amer Ice Co 18 60 254 6% non-cum pflOO Amer Insulator * 23 54 24 54 254 354 St 50 prior pref. 10 Amer-La France 8c 1854 1954 154 Foamite Corp.-10 Warrants 15 Am Laund Mach_20 A * Class B__ ...» Amer Locomotive.* If 10 7% preferred. -100 Amer Mach 8c Fdy.* •Without par value. * 12 254 21 57 ment common 5 50 50 Common Preferred Bender Body com. .5 Bendix Aviation—5 Bendix nNominal. 11454 10F 27 54 10854 . 8 854 77 54 7754 7854 754 354 554 254 854 454 754 12454 9 554 754 "5 54 15 1654 2054 10854 354 1554 2254 62 54 123 54 654 254 254 165* 254 1554 1754 21 10954 354 Limestone 6 Cement com__* * 5% preferred 20 7 % preferred- -100 B/G Foods Inc * 7 % preferred- .100 Inc * $2.50 preferred..* Bigelow-Sanford Carpet com * 100 Billings & Spen Bing & Bing Binks Mfg 25 5 1 55 53 2 3054 10 11 67 13 254 16 354 r Canadian price, IF 10 254 3154 * 1254 32 k 17 54 Dec. 20 20 H 1854 1854 1854 154 154 10 8 854 Brown Co 6% Pf-100 Brown Durrell .* 26 27" Brockway Motor Truck com Warrants 1 154 .1 4 * 17 454 1854 Brown sF 48 A pref Forman Distillery.. Preferred Brown Rubber.—1 Manufacturing 50 . 4 x * Brown Shoe 128 IF r 5 12 Dec 1054 1154 554 Bucyrus-Erie Budd (E G) 28 1954 954 10154 13 54 554 4054 554 Co.-5 Mfg..* . 89 154 100 » 2254 * 30 54 554 4154 554 23 54 3054 "254 654 754 40 Burma Corp Ltd— Am dep receipts.- 254 54 W 1154 154 454 _* Burry Biscuit-12 54c Bush Terra Co 10 6 % preferred * 7% debenture. 100 Bush Term Bldgs— 554 3854 39" 1 com 1154 1 5a 454 9 !F 115 254 75 85 1354 14 38 3854 5% conv pref. .30 Butterick Co.. * Preferred 13 1054 654 2054 10 Butlnr Bros 10 12 7% pref ctfs--100 3 14 8054 1754 113 54 254 14 254 » 95 4 54 30 2 954 103 1254 Machine 954 21 112 7 % preferred- -100 * Bullard Co Bulova Watch 154 2854 % Burroughs Adding 27oM F 50 i Byers (A M) com. _* 7% part pref.-100 Byers Machine.. • Byllesby class A * Class B ..* Preferred 3054 90 92 F 13 20c" 25c" 15c 20c F 1 • 2954 11 81 .* Byrndum Corp Bryon Jackson 554 Cable Elec Products 354 354 F iF 99 754 2054 44 54 Vot tr ctfs Common 1454 50c 54 54 1654 1054 16 54 __1 14 25 25 5 19 1454 2054 1854 2254 22 J4 32 28 100 Land 20 Cambria Iron 1754 2254 5054 5% preferred...50 Calaveras 1554 ._50c Oalamba Sugar Estates com-.-20 Preferred 100 Timber Co- z Ex-dividend. 37 2054 10 Burns Bros com—* 654 2054 30 Bloch Bros Tobacco Common 25 Preferred 100 132 86 . Calif Pack Corp—» 6% conv pf 5% conv pf Bliss & Laughlin 2 454 2054 $5 preferred. Brunswick Site Preferred 40 54 * Mfg » f New stock, 21 Registered Brit-Amer Tob reg£l Ordinary bearer £1 British Celanese Ltd Burd Piston Ring-.l Burdines Inc 1 Blauner's $3 pref--* Blaw-Knox Co * Bliss (E W) Common 53 1854 * Budd Wheel 53 * ...-5 Fdy & Mach 47" 52 - Brit-Amer Oil Ltd— 7 % preferred. 52 6 B!ack& Decker 45 5 Bristol-Myers 7% cum pref--100 Buda Co com 100 754 554 91 65 .25 Bristol Brass 20 Birdsboro Stee 123J4 754 254 254 1854 80 Buckeye Steel Cast 5 ^ * Bird & Son Preferred Brinks, Inc......25 954 1054 7 7% preferred-.100 Beryllium Corp Borland Shoe St 16 30 Buckeye Pipe L..50 126 Purchase warrants Bickfords 2854 1154 3054 Collender 20 10 niture common--1 Preferred 75 3 7 % preferred- .100 Brillo Mfg— * Class A * • B runs wick-Balk e- 30 33lic Beth Fdy 8c Mach.* Preferred 50 Beth Steel (Del) * 112 3 Bunte Bros com—10 Best 8c Co r 2254 39 2c A..* Bruce (E L) Co 5 Bruck Silk Mills—jl* 3 Appliance cl A_.5 Class B 2254 3654 - Brown & Sharp 9 27 54 Home J 4 54 * Last sale. 11354 Yds Stk Preferred Alarm common.25 Automatic Instru¬ 26 54 954 & 3 55 254 Class 40c 5954 1654 16 60 _ 6% preferred- 119 Aircraft--1 RR P 49 * Brill Corp class Class B common 10c -.1 Bell Aircraft "554 r Automatic Fire 2 2054 1454 Powder 5 % conv pref- -100 Atlas Tack » Auburn Automob * Austin Nich & Co * ila 55 < Atlas Drop Forge. .5 Atlas Plywood * Conv preferred .20 $5 cum prior A..* Autocar Co com. 10 American Locker— Class 5% non-cum pflOO Atlantic Refining .25 4% conv pref. 100 Atlas 1 Preferred * 114 . Atl Gulf 8c W Indies 8% preferred-.100 3* Am Hair & Felt.. 2J Bessemer Am dep rets ord registered £1 Associated Rayon. • A they Truss Wheel 4 Aircraft 2054 54 Assoc El Indus Ltd Am Furniture 1454 454 28 Belding Hem'way. * Belden Mfg com 10 8 (Can).* preferred-.100 Dry G'ds 1 1st pref—100 2d pref—100 654 5 50 Warrants 554 Preferred 6% 7% 454 154 Cream. _25 54 Ashland Oil & Ref.l Assoc Amer Forging and Socket com Amer Fork & Hoe-. Am Fruit Growers 14 common-.25 Berghoff Brewing--1 Berkey 8c Gay Fur¬ Mfg com.l Brew 100 3* 20 Assoc 1254 iF Brown Fence & Wire 1554 9 254 1454 1154 23 37 20c Elec .10 Art Metal Constr.10 Am Fabrics, pref 100 Amer Felt common * 754 1854 n\7/* 23 1454 * 7% preferred-.100 Asbestos iF "6" iF 36 54 ♦ Coupon 20 Benson 8c Hedges-.* Conv pref * 8 6 154 22 8c Cadwell Beatrice 4 7 Amer Export Airlines Preferred 60 37 Artloom Corp 100 48 46 Arrowhead Petrol-_1 Preferred 554 Arrow Hart- 106 Common 2F 10654 Belmont Radio----* 554 5% preferred ou Aro Equipt Corp—1 Amer Export Lines— Common 1 3 54 100 c 7% 1st pref Belt Print Wks 1154 354 % 454 954 106 $6 conv pr pref. » 7% preferred..100 Armstrong Cork * Armstrong Rubb A* Arnold. Constable.5 33 54 12 54 254 40c 26 Bellanca Armour & Co (HI)— Common 5 2d series Amer Distilling pf 10 Amer Dist Teieg * American Encaustic Tiling Co ] 30c 20 Beech-Nut Pack.-20 33 4 54 Hegeman 1254 354 954 154 1.254 100 Optical com 10 5% preferred.. 100 Bayway Term 1 Beech 4 1/ 5 Argo Oil Arnold 29 254 954 154 * 6 Bearings Co (Am).* 1st preferred--100 1354 2d preferred 100 254 754 Beau Brummel--_-l 4 Arcturus Rad Tube 1 guar 26 * $5 preferred w w_* 854 1254 254 654 354 3254 _ Commercial com * Antilla 7% 954 654 154 76 74 7 i?B Bright Star Elec— ■OIasS"'A"2:''i'-i"'i'Vi---E-* B 2154 554 554 1154 Brlggs 8c Stratton.. * 54 854 18 19 Amer dep rcts-lOe A Preferred Pref v t 17 Warrants [Brig ,'J. Mfg, -v 754 154 20 Bridgeport Brass - * Bridgep't Hydr'lic20 Bridgeport Mach. Preferred-----100 -34. V iumann(Lud)com* Mfg 20 Ark Fuel Oil pref. 10 Armour & Co of Del 115 & Paper 654 154 * preferred Class 1 Class B. Beaton 30 154 Archer-Dan-Midl'd * 120 100 6% preferred-.100 154 27 * 14 54 —54 114 54 154 1 Animal Trap 2 l Amer Coal (N J)__25 Amer Colortype__10 Alcohol Corp Anheuser Busch 133 Amer 113 54 Angostura-Wupper- 178J4 i?S8 Co 2054 175 129 Preferred 3854 13054 ii3 y American Cigarette & Cigar 27 54 20 mann F Bathurst Power 37 Andian Nat Corp..* y * Bath Iron Wks 954 4554 hi 54 254 Anchor Hocking Glass common..* 45 class A -.65 Bllt Hotels— -54 58 * $6 54 conv pref—* Anchor Post Fence.* 23 ers Brewster Aeronaut'i 1 Bausch 8c Lomb common 20 Bondhold¬ Bow-BUt uy Serviced A- . Anaconda Wire 8c Cable 3354 25 15 2554 554 3254 B'r'g..6 1654 1954 8154 Trading American shares.. Jy» 33 Bower Roll ir/s 67 23 100 Preferred ankers Indust 954 4454 954 254 * Amer Amsterdam 103 16 54 1854 23 54 Brager Eisenberg—1 Breeze Corp 1 Brewing Co of Am.3 2 52 7 % preferred- -100 Wringer * Amer Writing Pap.* 22 54 106 y8 Chicle * 100 48 Am Chain 8c Cable.* 6% preferred--100 Common Preferred Am Woolen Co Warrants 32 54 12 54 18 2254 2454 754 654 30 new 2754 23 54 12254 63 54 2354 2154 2554 2854 Boston Herald Traveler Corp—.* Boston Woven Hose 8c Rubber com..* IV 13 com "***•——/4 ■ BardstownDistill—4 3354 Barium Stainless Steel com 1 6154 __* 354 Barker Bros 85 54 85 554% pref 50 87 86 54 Barkley Grow Aircrl Barlow & Seellg cl A5 150 14754 lard Aviation. .1 354 254 5 5 554 Barnsdall Oil Barnsdall Refining. 1 12 54 "54 Bartgis Bros com.-l 9 8 6% conv pref.-25 Basic Dolomite 1 15 12 Bastian-Blessing * Batavia Body 7 554 ansformer.10 iF for 7% pref 150 60 3 6 ^preferred-.100 55 21 2254 c 23 IF Borg-Warner Corp .6 Borne Scrymser.-25 1st preferred-.100 104 100 61 Boyertown Burial Casket com * Brach (E J) 8c Sons * 3254 60 Am Thread 5% pref5 Am Tobacco com.25 Common B 25 1.7 54 jfreierred 12154 Bond Stores com__l Borden Co 15 2d 97 94 49 V t * 354 27 54 18 Bowm 1054 100 alaban 8c Katz.-25 Preferred 23 * A—* B Common- 185 1454 Preferred 115 69 .1854 8054 Amer Television^-.-;.-! Amer The/mos A._* 2254 14154 Amer Centrifugal_.l Amer R£f.l00 354 2154 654 Deferred 7% pref old—.100 144 67 146 54 160 matra7Tob 1 354 5154 5054 12 54 16 ! 106 100 com Common 22 Bourjols, Inc * $2.75 cum pref..* 20 31 32 53 54 20 54 my 10 % 3054 7% preferred—100 r 1554 loF 100 Preferred 18* 854 8 * Am American Amer Sugar 0. .100 6% conv pref-.50 Amalg Sugar— — 1 Amerada Corp * Amer Agric Chem.* Amer Air Lines..-10 American Arch * Am Bakertes pref 100 Class A * Class B * Am Bank Note—10 x F'dries/.. American Stoi Aluminum Co com. * Ltd Steamship./OO Am Steel Preferred yrshire Pakota Colliers Corp 53 19 aker Chemical 54 554 1054 54 139 6% non-cum pf: 67 .... 6% preferred--100 Amal Leather 1 f Snuff. American 9 -Altorfer Broscom.- Aluminum / / / 7% preferred- _10( 20 54 19 ^ Alum Goods Mfg--* Aluminum Indus..* * Am Smelt 8c Refg..' preferred--100 * 1154 18 354 554 54 28 54 554 _„2 754 52 69 25 American Sealcone_5 17754 AUis-Cbaimers Mfg pref.. 754 1654 11 Amer Seal-Kap Amer Seating . conv-I—25 10 6% preferred. 1054 152 1654 6754 13 Common.. Oonv 7 12 Allied Stores Corp. * Alloy Oast Steel---* Alpha Portl Cem._ 10 150 American Screw. 100 3* 475 54 Preferred Common 12 454% conv pf 100 154 42 354 tation Corp Am Safety Razor Common 18.50 Allied Prod (Mich)-— 5% 60 Amer Rolling Mill 26 Allied 1354 154 7 7% cum pref 100 .54 Bon Ami 16 Bohn Alum 8c Br..5 654 17 54 16 54 36 1 xton-Fish Tob A 10 Class B 10 88 Stand Sanitary..* 7% 2 54 554 6 454 154 154 2154 254 2654 Bohack (H C) com.* 1st preferred.. 100 Bohack Realty pflOO 16 very(B F) 8c Sons 5 54 84 Amer Pulley Amer Radiator & 2154 10 54 54 2054 19 Am Republics com 10 Cement pref—10 Alles & Fisher * CI A 2454 35 Am Potash 8c Chem * 72 954 Alliance Realty 5 Preferred -----100 Chem & Dye Corp common.. Allied Kid Co com.5 Allied Laboratories ' Allied Mills Inc.. .-* Allied Paper Mills 24 33 7% 1st pref 60 6% preferred __50 13 21 54 share 16 654 5654 50 _ 18 54 3 Common utomobile Banking $1.50 conv pref 25 Class A com 25 Amer Pneu Serv—* 11V Allegheny Ludlum Steel Co. com—.* Allen Industries—1 Allen town Portland 2454 31 14" _ 24 120 "454 Stsl Hamilton 100 Algoma Steel com Preferred 100 8% pref- 7?£ 7°% (Sid). * 7 % preferred- 100 Boeing Airplane—5 115 Class B Alexander 354 6% conv pref-.100 American Meter— * American News Co * Amer Optical ..* Amer Piano class A* 88 100 Albert ue Stone of Va Vot trust ctfs 5 Preferred 15 Bloomingdale Bros. * Am Maize Prod—* 51 Albany Packing. 100 Inv Per km Mach 8c Met—* 56)4 Keduc'n com.. • Ask Bid Par Per share Am Mfg Co com. 100 Airplane Mfg & Sup 1 Alexander Dept Stocks Ask Bid Par Per share Per Air Stocks Ask Bid Par STOCKS MISCELLANEOUS & Quotation* for all securities are as near as possible for the closing 23" 51 8c 1 .50 Campbell (AS) Campbell Wyant Cannon Fdry 254 5254 654 Jan ad a Bread-...-* 58 15 1 8c * i554 754 2 8 .100 r 104 105 Class B pre!.. ..50 r 55 58 Preferred JAN., 1940] are as near as 1 ■■ Stocks poeslble for the closing iay of the month preceding the date of issue •• —- - As* Bid Par Stocks Can l> y 95 17# Ale_5 Canada Forgings— (it g 97# 17# • • r 18 20 r 20 Canada Packers * Canada SS Lines..* Preferred 100 Can Wire A Cab A.* Class B * Canadian Bronze. .* Preferred 100 Canadian Car A Fy * Preferred 25 Canad Celanese * r Class A Class B Preferred.. 100 r 16 r 58 64 r 17 19# r. r r 44# 108 45 110# 14# 15 21 21# r r r 29# 126# 30# 127# Canadian Colonial 6# 1 Airways Dock........* 32 Can Fair bank pf. 100 Canadian Foreign Invest Corp • r 101 r 32# 11 10 3# CI A voting * CI B non-voting.* Can Locomotive...* 3 14 Capital City Prod.* 10 26 X 7 39 2 17# 50 52 5# 23# Conde Nast Congoleum-Nairn Congress Cigar.... 9 47 Cons Cigar Corp..* 50 30 2 19 3# 3# 9 7# 87 75 52 8 25 10 6X 16 12# * V t V t *13 V t 110 109 c c 6 1# 5# 10c Chic Elec Mfg A._* Chicago Flex Shaft 5 Chic June Rys A Un 5# 14# 14 72 73 100 185 100 102# Chicago Mail Order 5 11# Chic Molded Prods 1 Chicago Nipple 5 Chic Pneu Tool » |3 conv pref » 7 17 8 Chic & So Airlines. Chic Towel com Conv preferred..* Chic Yellow Cab..* Chickasha Cot O.10 Childs Co com * _ 100 10 ..5 Oin Un Stk Yds...* Oinecolor Inc ..1 City Auto Stamp..* City Ice A Fuel * 0#%dum pf-.lOO City A Sub Homes 10 City Stores 6 Clark Controller 1 Clark (DL) Co • Clark Equip Co...* Preferred ..100 Claude Neon Lt 1 Clayton A Lambert * Cleveland Graphite 1 14# 14# 35# 48# 17 17# 34 9# 70 4# 108 8 5 23# 2# 89# 12# 1# 5# 12# 94# 5# 3# 16 5# 31# 103 # 3# 8# 10# 5# 23# 3# 7 3# 23# X 7 27# Coronet 1# 5# 12# 96# 6# 5% conv pref..50 Oosmocolor Corp.. 1 Coty Inc com 1 Coty Internat'l 1 Courier Post pref 100 3# 18 31# 107 # 52# 57# 4# Covered Wagon Co $1.60 conv cl A.20 Cramp (Wm) A Sons Ship 100 6 Without par value. 9# 13 # 1# 17 82 85 59# Supply com 10 6% preferred Derby O A Ref com * 62# 114 "2" 1# * Preferred * Class B 3 3# 29# * Eaton Mfg Co 4 Economy Groc Sts.* Eddy Paper ...* Edgewater Steel * 17 15 67 16# 5% preferred 50 Educational Pict__l Eisler Elec Corp 1 Eitingon Schild * 49 1# Electrical Steam Sterilizer 1 Electric Auto-Lite.5 Electric Boat 3 Electric Households Util Corp 20c 37# 14# 3# Elec A Musical Indus Am shs 75c 85c #6 10# 16# #6 10# Elec Stor Battery..* Elec Vacuum Clean* Electro Bleach Gas.* 17 Electrol Tnc 1 com 1# 1 16 1# 1# 1# 21 22 20# 24 17 1# 1 12# 10 1 24 2 5% cum pref—.50 5% prior pref.100 25 37 Elk Horn Coal.. * •1st preferred.. 100 2d preferred..100 3* 2# Ely Walker D G..25 * 28 111 "6" 4# 80 85 33# 33# 42# 29# 41# 28# 109 * 17 17 27 3# 80 5# Employers' Group ~8# 34# 38# Emporium Capwell * "I*" Preferred w w.,50 Ems co Derrick 5 120 # Differential Wheel. 1 92"" Emerson Drug..2X Class B_. 2X Preferred... 25 Emerson Elec Mfg.4 Preferred 4 Empire Sheet A Tinplate * 8# 100 18 1st preferred.. 100 2d preferred. .100 28# 11 Dictaphone Corp..* Preferred 26 Electrolux Corp 1 Electromaster Inc.l Elgin N Watch 15 ElJer Co com * 21 21 104 100 10 com 17# t c -.1 Common 1# 14 Gil v 1# 28 Electrographic Corp Dictograph Prod-.2 65"" 173 6% preferred-.100 Easy Washing Mach Common ...._* 50 6X% pf (w w) 100 116 9# 28# 166# 1 Eastman Kodak 40 Diamond Shoe 8 112 * Edison Bros Stores_2 Associates * 23 17# 40# 10# 180 28 1# 70 *2"" 5 4 Endicott-Johnson.50 41 7 5% preferred.. 100 Equit Office Bldg..* Esquire Inc 1 Eureka Pipe Line.50 109 5 Noc Mfg. 1 Discount Corp -.100 Distillers Co Ltd.£l Distillers Oorp- 11 4# 8# 6# Di Dec. 23 1# 10 8 Voting trust ctfs— Warrants 172# 1# 140 73 IH 7# Dixie Home Stores.! 7# # 7#| Kj k Last sale, Eureka Vac Clean. 5 Evans Products 5 Ever Plastics Corp-5 wi Ex-Oell-O Corp 3 Exch Buffet Corp—* Ex Lax Mfg A , 18# 77 1# 8 10 Exolon Co * 11# 12 Faber Coe A Gregg * 34# 26# 4# 35 Fafnir Bearing... 25 n Nominal, 22# 3# 8# 2 238 29# 25# Dixie-Vortex Co Class A 26# 9 .... £ Called Jan. 25 1940 at $125 plus div. 14# # 4# ' IS* Distillers Liquors..5 Divco-Twin Truck. 1 36 150 12# Seagrams Ltd • 5% pref w W—100 4# 1# "2# * 1 * 90 5 8# Diamond Match... * 6% part pref 25 9# Oourtaulds Ltd— Am deprcts ord£l 83 Dexter Co com....6 Diamond Alkali..20 102 " 16 26 pref. conv .... 23# 15# 4# Diamond T Motor 2 Oorroon A Rey'ds.* $6 conv A pref..* k Oosden Petroleum .1 11 23# 25# Preferred.. * Dexdale Hosiery Preferred 100 10 8# 5# 3# 21 Eastern Sugar Assoc Common 1 7# 2# 12 Common.. 26 64# # 18# 29# DeweyAAlmy Chem "I"" 5C* 35 Racing Assn..* Eastern Roll Mill..5 Eastern Steamship.* 7# 8 6% preferred 8% preferred-.100 Dentists' (The) 2d preferred 16# Phosph.lOO East Detroit Paper Prod 1 Detroit Steel Prod.* Devoe A Reynolds— Class A (non-vot) • Common B__ * 28# 4 11# Warrants Eastern Footwear. 1 East Mall'ble Iron25 Detroit Harvester. 1 Detroit Mich Stove 1 7 X 51X 1 !6 17# 10 Foundry 94 # 9# 55# 8# 25 . 5% prior pref..20 20 De Mets Inc pref.'.* Dennlson Mfg— Class A lo 1# 106 ■ 30# 100 Gilbert Corp 10 Dejay Stores 1 De Long Hook and Eye. 100 Del Rayon A com. 15 12# pref_20 Eastern Air Lines. Eastern Corp com $2 7% preferred...20 13# Corning Glass Wk 10 Preferred 100 Corn Prod Refg—25 7 % preferred- .100 13 Preferred 1 1 conv 7c 65c 4# 17# 28# 7# 1# 1 2# 6# 12# 12 18 6% pref w w 20 Detroit Gray Iron A 42# 115# 7# 3# 23# "u 32 13"" 7# X 35 Records Oil 16# 1 A. Devonian * 100 $1.50 Detroit Aircraft * Det Gasket A Mfg.l 62** Cornell-Dubilier Elec Corp com__l 89# 36 42 110# 10 $4 preferred * Cooper Bessemer..* $3 prior pref * Oopperweld Steel. .5 Conv 5% pref. .50 10 71# 5# . 35# 1# 92# Converse Rubber..* Cook P't A Vara..* 110 10# 13 ♦ 39 22 100 * com Detachable Bit 13# * Cont Steel Corp Preferred Common Preferred # 4# 16# A Preferred # 46# $2.50 prior pref. Chic Ry Equip 25 Chic Rivet A Mach 4 # Mills B 15 Mills com * Davis Coal & Coke 50 Davison Chemical. 1 Warrants 2 3# # # 3# 16# Cont'l Oil (Mex) 1 Cont'l Roll A Steel * Preferred 100 Cont Screw com.. 10 12 20c 1# A partic.-50 B partic * 8% preferred-.100 Continental Can..20 $4.50 preferred..* Cont Diam'd Fibre.fl Continental Mot 1 Oont'l Oil (Del)...6 6# 14# 106 25 105# 1# 5# 3# # 16# Class B * '' Chem com....5 East Boston Co.. 10 East Dairies Ltd * Deisel-W tgnmer 7# 182 6% pref 25 7% pref 100 Durham Hosiery— 4# 9 _ 89# 6# 3# Dec. 20 96 90 10# 4# 16# Decker(A)A Cohn 10 5# c Class Silk Dardelet Thr'alock * Decca 7# partic pref 50 Container Corp 20 Continental Baking 3 50 ~6X 17 X D'urez" "PTastfcs"A 10# Darling Stores Corp Deere A Co com...* 3 116# 6% cum deb. .100 #*126 78i 121# $4.50 cum pref—* 10# Duquesne Brewing.5 Eason Corp 8%pfl00 Class 41 iSi* ilH Duplan Silk— • 8% cum pref.. 100 DuPont (EI) deN Dayton Rubber Mfg 2 Warrants. 5% pref v t C--100 Consumers Co of HI 36# Bradstreet Corp.* $6 preferred.. * Dunhill lnternat1__ 10 3 85 Consolidated Textile Consolidation Coal Common v t C. .25 103 34# 120 (Allen) (R G) 60 9 38 8% preferred. .100 k 26 101 Mont 20# * 4# preferred.100 Oonsol Royal Oil. 10 Consolidated Steel A 29# 82 .* 4 5 11# Laboratories cl A. Darby Petroleum. .5 pref Hammer Deep Rock Oil A Ref 7% preferred—100 Consolidated Oil * Cons Paper of Can.* Consol Retail Sts. 4# 44 10# 29# pref—100 cum cum 1 Cons Lithograph..* Cons Mach Tool uts 7% Du Dun 19# 4# 65# 80 31* 108 * 53 $8 Cutler # 8# Indus—1 $2 cum part pf. Cons Laundries 6# 31# 2# 20# • -.1 6#% Prior pf.100 7% preferred .100 Cons Film 102 6% pref 100 Chapman Valve, 9# 29 $3 conv pref Consol Biscuit 41 40 5 23# Oonsol Oar Heat. 100 37 7# 6 28# 62# 2# Oonsol Aircraft 2# com 17# pref..* Pub.. t c ext—1 IX 12# 92# 6# Bronze Solvents..* 2 17 A Co common..20 43 5% conv pref-.25 Davenport Hosiery * . 1 com.. 2# 6# 18# 93# Compo Shoe 11# 3# 13X 114 6% pref 100 Duro-Test Corp 1 Duval Texas Sulph. * Eagle Lock 25 7% 6# 18# 92# IX 143 Dubilier Condenser 1 Duff Norton Mfg..* Darco 3# # Century Rib Mills.* 7% preferred-.100 Certain-teed Prods .1 6% prior pref. 100 Preferred $7 preferred * Ourtiss Wright Corpl Class A... .1 Gush man'8 Sons— 20# 9 Hosiery 6% pref 10 Chic Dally News * ~2# 14# 4# 3# 5# Board common 2X 14 8# Preferred... 24 Comm'l 4 Chrysler Corp 42 24# 24# $2 partic pref...* Davega Sts Corp. 5 Oen Violetta Sug.19 Centrifugal Pipe » Co 24 19 82# ' Dryden Paper 61 60.X Stores com .2 X 18X 18tf Ouneo Press new..5 26# 26 X 6 X %pref€aTedl00 ni0# Dec ! Curtis Lighting....* 2 3# Curtis Mfg 7 5 6# Curtis Publish * 4 3# 23# 6 Preferred 83 v 2|* 20 13 100 ■ It 21 conv 11 • 81 $2 50 81* Cunningham Drug * Columbus AutoParts com 12 .100 Preferred i* 7X 2# 5% Preferred .100 Oudahy Pack 50 3# 24 4 Mfg.5 Cherry-Bur Corp. Chesebr'gh Mfg..25 Chesapeake Paper 4X 18X „6X 23 11 Charts Corp Checker Cab 6X -9 Mach . it* 20 1 Chilton 2 IX $2 preferred * Combustion Eng_.l 10 Stk Yds 9X Cuban-Am Sug 6 . 1 X 21* 125 11# 5# r Preferred 100 Dresser Mfg com..* Dri Steam Valve..5 Driver Harris Co.10 Preferred 100 90 80 X Common.. .* Vot tr ctfs com..* * Preferred 10 7% preferred-. 100 Cuban Atl Sugar..5 Cuban Tobacco ♦ _ 71 Airport—* Central American Fibre 10 32 $2.75 conv pref--* Colum Carbon v t c * 108X 108 % 10# Central Paper 7* Cuba Co * Preferred * Cuban Am Mangan 2 Columbia Pictures— 2% * Chain Belt com....* Chamberlin Metal Weather Strip 5 84 10 Sys Inc class A 2 # 3 1 40# 83 X 25 Class B 2# Columbia Mills.. 100 Columbia O A G 1 65 Cessna Aircraft 17 16X 89 X 40 * r Dow Chem com IX 17 X 16X 6% preferred... 10 r Conv prior pref. .' * 5 % preferred. 100 Dow Drug........* 7X 27 37 X 1 • common Common 39 X 38 38 X X 6X 7X _ 54 X 29 X 2 $2.25 pref w w__* Preferred x-w * Crown Drug com 25c Preferred 25 Crown Zellerbach., 6 $5 conv pref * Crucible Steel...100 Crystal Oil Ref Stores..* 20# 123 149 r Doran.* Douglas Aircraft..* Douglas (W L) Shoe 12 IX 7X 26X Crown Cork Int A_* Crown O'k A Seal.* — Columbia Baking. * Preferred • Columbia B'casting 20 X Dominion 26# 34 40 r ~2X Doubleday IX 10X 12 Ool Fuel A Iron • Warrants .... 6 26X 24X 109 * Prior Preferred.50 Crown Central Petroleum (Md)_5 33 X 110 Colt's Patent Fire Arms Mfg ..25 6% cum pref—100 Cent Ir & Steel..100 Cent Ohio St Prod.l 105 X Collyer Insulated Colson Corp Celluloid Corp...15 1st preferred * Plantations --.100 Central Cold Storage Common 20 Cent Foundry com. 1 6% preferred- .100 * 100 18 Bdge.100 Preferred 100 Dominion Steel A Coal B 25 7% preferred-.100 65 Dec.il 140 Ordinary snares.. 6% conv pref 13 X Celotex Co com—* Associates 35 X 118 Dominion Dominican Coal pf 25 Dominion Glass. 100 7 Crowley Milner 25# 100 Oil Fields X lishing Co Preferred 32X 100 36""- Catalln Corp. 1 Caterpillar Tract..* Oelanese Corp * 7% prior pref.100 1st partic pref.100 5X 3 17 X 104 * . 5# 18 32# Do mnguez 22 X 3# 13# 18# 12 6#% pref 1 Ask 2# 5 Doehler Die Cast—* Doid (Jacob) Pkg— 5# 6 Creole Petrol-. ♦ Orowell Collier Pub¬ 35 • common 31X Dodge Cork Dodge Mfg 32 X 22 X 2 Bid Par Per share 22 Croft Brewing Oroslev Corp 35X Stocks 53 21X Cream of Wheat 2X 72 68 .♦ 25# Case Lockwood A Brainard Co.. 100 Case Pomeroy 5 Castle (A M) Co—10 New common 34 X 116# 62 X 900 7X Oockshutt Plow * Coleman Lamp A Stove common..* wire IX Carpel Corp * Carpenter steel 5 Carrier Corp .1 Carter (J W>CO—:l □asco Products—* Case (JI) Co....100 7% preferred..100 Chester Pure Coca-Cola Co ■52 X pref Colonial Beacon Oil * Colon Development 64 1st preferred.. 100 Preferred * 4X * c $3.50 52 145 120 5% preferred..100 78 6% preferred.. 100 6% preferred.. 100 Carlb Syndicate.25c Carman A Co A—* Class B * Carnation Co • Champion of Los Angeles Collins Co 5# * Central Paper Preferred 2% 35X 130# * 1 Creamery Package.* 39# 20 15 6% preferred 100 96 (Philip) V t . Peet 11 * Eliminator 7 □rocker-Wheeler __* 48 X _ 25 com Ask Per share 23 X 23 X 103 105 5% conv pf 100 Creameries of Am— 45 Collins A Aikman. Carborundum Co. $7 preferred Central Agulrre Preferred 100 Clorex Chemical—• Clover Val'y Lumber Preferred A 100 Club Aluminum Utensil com..-—* Cluett Pea body. 7 % preferred. 100 Coca-Cola Bottling Oolgate-Palmolive- Carbon Monoxide Carey * Olinchfleld Coal.100 39# IX Class A _.* Coca-Cola Intern. _* Can Indus Alcohol— 9# 4X 17 X 17 5 of New York.—.* r A 8# 4X 6; Climax Molyb¬ denum Co of Cincinnati Canadian Dredge Crane Co Cleveland Hobblng Mach com... 4 Oleve Tractor—..* Clev Un Stk Yds..* Cliffs Corp com 23# 103 # 6# -1ft# 103# 5# Bid Par Per share 8 7# r r Stocks = " — Ask Bid Par Per share Canada Cement. 100 Preferred 100 GO r* & MISCELLANEOUS STOCKS INDUSTRIAL Quotations for all securities r com— * 35 120 5 Canadian price, t New stock, x Ex-dividend* 12# 10 82# 88 INDUSTRIAL & Quotation* for >11 securities are a» near as MISCELLANEOUS STOCKS possible for the dosing day of the month preceding the date of issue \ Stocks Bid Par As,ft Par Stocks N Per share Pair 3% 32% (The) Chicago * 7% preferred—100 Fairbanks Co....25 3% 30% $\ o4 39% 10% 4% 8% preferred. 100 Fairbanks Morse—* Fatrchild Aviation 1 Fatrchlld Eng & Alrl $6 conv pref * Fajardo Sugar....20 Falstaff Brewery--1 39% 10% 4% Fanny F'mer Cand.* Fansteel Metallurg * Farnsworth Telev & Radio 1 Fashion Park com.* Preferred .* Fedders Mfg. 5 Federal Bake Shops* Preferred. 30 * Gen Bottlers com.l General Box Corp.l General Bronze. 5 General Cable.—— * 105 Class A......... 28 7% preferred--100 Gen Candy A.....5 Gen Cigar common * 7 % preferred- -100 7% 7% 1% 1% r 23% 23% 11% 24% 23% 2% 2% Gen Crude Oil._2 Gen Development 20 General Electric—* General 12 2 4 10 5% A 6 8 25 . Warehouse—25 Machine & 33% Federal Match units Federal Motor Tr__* Fed Screw Works. .1 - 4%% preferred 100 Federated Publica's* Ferro Enamel. 1 F G Trading Corp— Preferred 1 Flat Am dep rets— Fidelio Brewery—-1 5th Ave Coach...25 Filene,s(Wm)Sons .* Finance Co of Pal00 FincfrTelecQramUMr cations com 1 Firestone Tire & Rub Common. —10 General 1% 85* 20^ 18% 24" 80% 26° 132* 20^ 15H 107 10% Gen Theat Equip. _* Gen Time Instru..* 6 % preferred. .100 Gen Tire & Rub—5 6% 15% 108% 11 Florence Stove. * Florsheim Shoe com* Flour Mills of Amer Preferred * Fohs Oil * Follansbee Bros—* Preferred .100 * Folmer Graflex Preferred 100 Food Devices..-.20c Food Machinery.. 10 35% 24% ... Genessee Brew A..1 Class B com 1 ll" 2% 10% 17% Class B * Ford Motor France 1% 1% Am dep rets..— Foremost Dairies * Fort Pitt Brewing. 1 Foster Wheeler. .10 W4 1 Foreign shs A—* Foundation Co of Canada * Four Wheel Drive. 10 Fox Film class A—_* Fox (Peter) Brew. .5 10% 4% Preferred $3 conv pref-..20 Garflnckel (J) —1 6% conv pref. .25 Garlock Packing.—* Gar Wood Indust—3 Gaylord Container. 5 5% conv pref..50 Accept ce Corp -.5 preferr ed_20 Alloys Co.—* Preferred 10 General Amer Oil of Gen 17% 21^ 105 3% 3% 20 28 4% 0% 47% 6 40% Hall (W F) Print*g 10 Haloid Co. 5 1!■« Hamilton Watch--* 17 100 108 Hygrade Sylvan * 6 Xs cow Pref * Ideal Cement. 100 Illinois Brick.....10 Imperial Chemical 50 com A_ * Gotham * 10 Mfg Grand Raps Vara.* * 98 19 W* Grant (W T) com.10 41 Graton & Knight-_* Preftwed 100 5% preferred uA 13 14 Non vot 14% 15 85 88 20 1st 81.80 prior pref..* Gray Mfg Co .10 com 28* A'4 89 33 85 preferred 10% 99% 6%% prefw w 100 Hathaway Bak A..* w* 27 Common... 6% 1% 8% 52% W* 8 2% 17% Brew5%% pref 25 Groc Store Prod-25c Group No. 1 Oil...* Group No. 2 Oil 1 57% value, t Called Jan. Ex-dividend. 1 at 1|^. 8% 7% prior pref.100 Int Business Mach.* Internat Button Hole 64 im 22% 91% 23 90 54% 57% 3% A* 6% preferred. .100 Hershey Creamery. * *88 % "1% 14% 9% 102 100 01% Hershey Chocolate. * 116 $4 conv pref * Hewitt Rubber....5 Hevden Chemical 10 12% 08% 7% 0% Preferred 100 Hiawatha Oil 8c Gas Common 5 2% 7% 10 36 12% Hilton-Davis 3% 1 % 0% Publishing pref..* Harvester Class B .....* Hoe (R) class A__10 46 Prior pref 65 21 Common * Hollander (A) & Son 5 —... % 97 47% A" % 16 Holland Furnace.10 33 34 Holophane Co * Preferred.. * Holly Sugar ....* Internat Indus 1 International Match Realization £1 Int Mercan Mar * Internat Metal Ind 22 45% 21% 9% 50 „ 109% 131 26 % 7J% Preferred - -100 Holt (H) & Co A..* 24 "5" Nickel"(Can).I* 4r* 27% 133% 3% 90 20% 5% preferred..100 Hotel Statler corn.* 28 1% 4% 33 13 X 31 2% 6 33% Houdaille-Hershey— 25 2 .__* * Houdry Process 10 Houston Oil Field Material 51 16 12 81.50 conv 1950 110 % 31% 33 J!* 74 13% % 5 pref.20 17 5% 19 6 3% k Last sale, 2% \i'i Interstate Air & Eng Interstate Bakeries* 85 preferred * ... .1 7% Ironer 10 Irving Air Chute—1 Irving (John) Shoe. 1 w W..25 (Byron) see Jacobs (F L) Co—1 Jarvis (W B) Co—.1 Jeannette Glass * Jefferson Electric..* Jewel Cereal — Tea * 90 * 73 7 % preferred--100 Johnson Oil Ref—* Johnson Tin Foil 4c Metal 100 132 4% Jonas & Naumb'g2X Jones & Laughlln Steel common. 100 7% preferred-.100 Josiyn Mfg & Supp-5 Joy Mfg 1 Julian & Kokenge—* Kahler Corp. ...100 Kalamazoo Stove 8c Furnace com 10 34 66 % fli 27 14X 14% Kanawha & Hockin Coal & Coke pf_. Kane Carburetor Preferred Katz Drug com Kaufman 9 47 5 14 t Called Feb. 10 at 835 plus div. 14 50% * K O Stk Yds Me. 100 5% 2% Howe Scale com__ _* 2nd preferred Hu bbeli (Harvey).5 14 17 1st preferred-.100 2% Dec 16 1 com Houston Oil (Tex)Vot tr ctfs— 25 Howard Aircraft—.. 27 1750 Class A Class B 33% % 17% Hotel Waldorf-Ast.l 140 30 V,* Internat Prod * Internat Pulp * Preferred 100 Int Safety Razor B.* Internat Salt * Internat Shoe ._* Internat Silver...50 7 % preferred-. 100 Int Text Book .* Int Vitamin Corp-.l Johns-Manville 3% 44% 33% Coupon shares..* Registered shs * Jersey 90 86 13 13% 5!H 30% 133 Jefferson Lake OilK Preferred 10 Jenkins Bros. 25 8 7 128% 8% Nov. 30 Internat Petroleum Preferred no 86 55 21 40% 10% 11% 12% Chemical com. 100 Preferred M00 Horder's Inc com—* Hormel 4c Co com—* 50 18 pref—100 kU% 1% 23 Jackson 1% 6% 33% 13% 17 9% Power com.. 15 conv 8% ♦ Warrants.. 24 Honolulu Oil Hooker Electro 110 132 A 1% 1% 01% 166 Ironrite 30 12% 102^8 60 X 164 Intertype Corp * Iron Fireman vtc..* 18 100 51 7 33 23 % 4 25 5 • 7% preferred. .100 Equipment. fJ* 7% preferred 1% 30% 186 Interstate Hosiery— Mills com.. * 19 26 10 % 13 preferred. .5 Hinde& Dauch.._10 $5 conv pref.-lOO Hires (O E) Co A..* 14% 4% 11 n interstate Dept St's* 7 % preferred. .100 Interstate Home—< 45 18H 81 % II* 109% 15 Chem ..1 ill* 41% 21% 15% 89% _ Hibbard Spencer Bart & Co com.25 Hickock Oil cl A 1 69 68 52* Hercules Cement Hercules Motors. * Hercules Powder_.* 20% ,- 12% 6 Preferred 328 116 21 7% cum pref.. 100 International Paper Heywood-Wakefield Common. ..25 92 32 . 41% Cellucotton..* • Internat Educational 5% Preferred 1 Int'l Int —1 _ 6 5% 2% 1 80% 43% 108% 4% 11% 1% 35% 185% Hendey Mach ....* 105 2% 1% 10% 37% 9% 4% 14% 150 % nlooo 1 Great Nor Pap i* i5o* Parts Corp com.3 Helena Rub stein..* Royalties 2 Steel.. * Interchemical Corp * Hendrick Ranch 26 9 1% 13% 5% 5% 6% preferred-.100 . Inr 7 % class A pref.25 Hecker Prod com..1 Helleman Brewing. 1 Heln-Werner Motor Oil. * Sewing Mach.. 10 __5 6% conv pref..50 10 20 Ingersoll Rand 9 18 Int Cigar Mach 29% Hearst Consol Pub Helvetia OTlstpref:::--rio Industrial Rayon..* 113 * Stores Hazeltine Corp Common... 0% 47% * . ~3% Prior preferred..5 Horn Hard't(NY).* 14 8 Hazel-Atlas Glass.25 Dept 17 5 83 pref 6% preferred—100 1 .* Hearns Common. Inter cont Rubber. _* Interlake Iron * Int. Agricultural..* 2 Horn (AC) com.—1 P 75c ..* 45 5 8% - Inland 3 1 87 preferred Hayes Body Hayes Indus Haytian Corp 22 50 9f* 87 conv pref..—* Hawley Pulp 8c Pap 39% 12 7% * Class B Motocycle. * Preferred 10 Indiana Gas 8c Chem 24% 25% —... Hat Corp class A..1 Class B n-v 1 22 Indian Oil non-vot A—.1 Class B 1 Indus Accep Corp— Cum pref— JT00 Indus Brown Hoist— Mfg.....5 Haskeli te 23 24 Pneum * Indiana Steel Prod.l Indian Terr Ilium Barvill Aircraft 4% 4% Am dep rets ord £1 Independent Indiana Pipe Line 10 Indian Refining. .10 "—Diecasting-^--12% 108 12% 11% Uartman Tob * Harvard Brewing.. 1 15 6 18 26* 12477* HarhischfegerCorplO Hart & Oooley 25 37% 25 Great West Sugar..* 7% preferred- -100 Greenfld T'p & Die* 86 preferred-.100 81.60 preferred * Green (H L) Co 1 Greif (L) & Bros...* Greyhound Corp..* 135 10 100 Great Lakes Pap pf- (Ohio).* 21% 26% * Great Lakes SS _* Great Lakes Term 45 171% * 5 18* 69 103 49 4% 12% * preferred.. 100 Great Lakes Dredge W'house 9% preferred. .100 Potter com Gt Atl & Pac Tea & Dock com 102 16 63 6% Harrisburg Steel Harris Seybold Oct. 27 6 Brit & Irel'd Tool.... Harshaw 38 76 10 110 m 3% £1 k 12% of G 103 % 1% Chemical. Barblson-Walker Refractories com * 27% of Canada com..5 Candy.* 3 Granite City Steel.* 3% 2% Happiness 29 109 * imperial Tobacco Harlow Aircraft 128 20% an 11% 12% 27" * * 85 cum pref 128% 10% 11% 11% 25 ..50 Preferred Hanna (M A) Common Grand UnionCorn div certifs 3% 2% 3% 15% 5 Hanley (James) 119 8* imperial Oil Ltd—.* Registered shs...* imperial Tobacco '44 2% Graham-Paige Mot 1 Grand Nat Films.. 1 26 103 ..50 Preferred 12 7% .5 Indus rets 29 X Preferred100 Hammond Instruml 20% Silk Ex-div certifs—* Granite City Pig Iron common-10c 39 48" $6 preferred Hammermill PaperCommon 10 7% non-cum pf100 12% r 15% 14% Common Mfg— Cl A pref part..10 8 88 7* 7 0% conv pref..25 Hygrade Foo 1 Prod5 14% 75 2% 1 ..... 3 n&X 70 8 98 u* 5% ---. Huylers Inc— 7% pref unstpd 100 7% prefstmpd 100 Hydraulic Press Mfg 5 & Alabaster Ltd.* Jh 07 5% 1% 11% Hussmann-Ligonier * Common Class A........* Helme (G W) 25 24 5% 65 6% preferred_._20 Hupp Motor -.1 15 6 84 Preferred 25 1% 39% 1 Corp....25 Gypsum Lime 17% 38% 19% Canada 2% Gulf Oil 50% 9% 0% 16H 37% 10 F)_ * 85 preferred ..* Goodyear'Tire & Rubber com 85 conv pref * Goodyear T & R of 16 Preferred ...100 Hall Lamp new 5 7 8 Hudson Mot Car._* Humble Oil& Ref._* Hummel-Ross Fibre Common. 5 Hunter Steel com..* ... Engineering com 1 Sng__* 8% preferred--100 Ask Per share 2% 30% 0% 6 38 Bid Par Hajoca Corp......* 1% 11% Stocks Ask 4% 17% Guantanamo 1% * 9 50% %* 82 X 36 _ General American Transportation. -5 x T * k stock, 88 32 % * Hosiery com..—* 7 % preferred. 100 Texns common. .5 Preferred 10 Without par .18 Gorton-Pew Fish Gen A... % Preferred 50 Golden State Co * Good Humor Corp 1 & Co Common 105 Gossard (H W) 55c. $6 conv pref * Gardner-Denver— * 9% * Goldbiatt Bros 25 Gulfboard Oil 53% 11% 13% 113% 5% 95% 34 45c 83 Preferred 10 Galveston Houston* Gamewell Co * $6 conv pref....* Gannett Co Inc— , 93 22% 33% Fuhrman A Schmidt Gabriel Co cl A—* 100 A* 33* 28 Gair (Robert) com.l * I Preferred Goebel Brewing GOlconda Petrol 83 preferred Partic conv pref 15 iTler..] Fruehauf Tra. 1 $3 convertible—* 4% conv pref. 100 Fuller Mfg com 1 --* Gobel (Adolf) Co—1 Godchaux Sugar Class A f * Class B * Gorham 10% 17% 28 M -.100 * Globe Wernicke— 1% 10 % Preferred —* 4 % %conv pref 50 100 Fuller (G A) CoCommon.. Bros 86 preferred Gleaner Harvester.* Investing..* Brewing com 1 Fuller Brush com..5 67:::::! Gorham Inc Froedtert Grain & Malt common—1 * Gilchrist Co Gillette Saf Razor.* 5% Freeport Sulphur. 10 i New --* w F-R Publishing * Francisco Sugar.—* Franklin Co Coal— Preferred 10 Franklin Process— Franklin Ry Sup..* ~ 23 120 19% Goodrich (B A* * Conv Gibson Art Giddings 8c Lewis..2 (A O). ♦ Preferred —* 3% Class A..—... * Class 50 Glen Alden Coal—* Glidden Co * & Preferred 100 Foote Burt com—* Ford Motor Ltd— Am dep rets ord— Ford Mot of Can— _ Preferred Gimbel 1% 34% 47% Giant Portland— Cement com .50 Gilmer (L 4%s conv pref.100 Preferred pref A100 14 Mach com....—5 French cum Gilbert 5% 5% 2% \iH Georgian (The) Inc— 8% class A pref.20 62 $7 conv pref 1% 3% 11% Hamilton 1 General Shoe. Steel Casting.* 18 cdiiv pref--—r* * Foundation Co * 1 Preferred Warrants - 14% 71 1 Gen Fla Portld Oem uts. Gear 5% 5% 40% 37 _ 6 % preferred- _ 100 Gen Refractories..* 137 FitzSimons &Connell Bros 113 ♦ A Gen Ry Signal 29 ■46K Foote 10% 18 % Bid Grumman Aircraft 4 rjloao 10 7% 83 . 52 »* SO preferred..—.* Gen Rayon A stk—* 45 D & D com...—* %% 6% preferred--100 50 Fishman (M H) Preferred— * General Print Ink- First Nat Stores—* Flintkote Co com. - Mills Common il* lSH Flak Rubber Corp.l 6 % preferred- -100 I 6% cum pref-.100 t 115 128% 5% preferred-100 General Motors.. 10 54% 125% 5 5 preferred 12 Gen Optical pref —* Gen Outdoor Adv't'g h % 4% 1% 104 * 4% 117 6 6% pref ser A. 100 .. Gruen Watch 7% * Machinery * 4%% preferred 100 tf.S4,,50 preferred- Warrants Federated Dept Sts * 79 145 5 108 35 Federal Welder com ...... 75 138 7 % preferred. . 100 Gen Foods Corp—* Gen Par Per share General Finance— See Investing Cos. Gen Fire Exting * Gen Fireproofing. * Stocks Per share Ltd— Elec Am dep rots reg £1 \ Ask ... 27 Federal Compress 8c $S 1st pref 155 1 0%convpref Famine Corp—.50c Class A —2 Famous Players Can Co p com-.l GenAniline&FilmA * General Baking...5 Bid Dept New common 100 1 St's 1 5% conv pref.100 14% 93 15 100 15 e Ex-payment, n Nominal, r Canadian price. JAN., 1949] INDUSTRIAL Quotations for all securities MISCELLANEOUS & 89 STOCKS possible for the closing day of the month preceding the date of Issue are as near as 7* Stocks Par Bid Ask Stocks Par Bid Par share Kaynee 10 100 Preferred 14 14 X Kefth-Albee-Orph— 7% 93 pre^ 100 Keith (Geo E) Co— 7% preferred--100 95 22 24 1 22 k 2154 854 9854 nx 7X $1,25convpref_-* 11X 2I* 19 6 16 Lamp A ♦ Kensico Cem Assn.. Kerlyn Oil cl A 5 Key Co common. _* 4 4^ 38 2% 254 5k * "I'k 1 * _ 354 4?* 37 wire common...* 13 X 14 37 X 3834 111 8 1 lk 2X 2534 $5 prior pref * Kir by Lumber-_100 Corp. JL -.-434 UH "Klein (D E) Co7. * Kleinert Rubber.. 10 Knott - _ Corp m 1 Kobacker Stores * 7 7 % preferred. 100 Koppers Co 6%pfl00 Kresge Dept Stores 1 4% preferred. .100 Kresge (S S) Co.. 10 Kress (8 B) Special pref 10 Kreuger (G) Brew.l Kroger Grocery & Baking common.* Kysor Heater 1 2X —534 13X 10X 7k UX 3k 47 X 2454 2834 8434 4k 60 Lambert Co Lanatin Corp Mack Trucks Inc..* MacMillan Co * Mac Wbyte-Co 8% preferred.. 100 Macy (R H) Co Inc * Mad Sq Garden...* Magazine Repeater Razor com_.. 1 Preferred * r 25 27 X Tnc. 16 X 1 29 X 80 10 k 15 Jk 4 i6k 9k 42 X 4X Mansfield Tire & Rubber com 100 * .* 30 IX X % 14 5 3 Lee Rub & Tire 335 3% 36 1! k 16 6 3k Conv pref * 4% conv pref. 100 Lehigb Valle* Coal * 6% cum conv pf 50 Lehigh & W likesBarre Corp * Lehn & Fink Prod.5 ifi^ 1 3X 12X 79 1 634 X Le Tourneau (R G) 1 34 X - Lig & Myers Tob.25 25 ^preferred.. 100 51X k 3X 6X 41 28 X 80 X 754 lk 35k lk 52X Ps 105X 106 k 106 k 107 x 176 17834 25 26 Lincoln Service.. 100 18 k 45 20 10 3X 3% 2 4 * 9Vs 9k 39 X ..10 7k 5 * Lion Oil Refg * Lipton (Thomas J)— 1 25 *No par value, 9 28 3X 4X jx Math'son Alkali 7 % preferred- * 100 May Dept Stores .10 _ Maytag Co * 1st $6 pref ,_* $3 cum pf w w ._* McCahan Sugar Refining pref. .100 McCall Corp. * McColl-Frontenac 15X 10 14X }* 26 h 5X 8k IX 46 k 41 T 36 106 4 35 i" 26 109 5 Cum pref ser B..* 48 Montgomery Ward * 2X * 19 20 30 30X 98 part pref 53% 4 * Moore Corp com..* Preferred A 100 100 Preferred B 1154 SfS _ 97 163 10 k 30 2.10 100 165X 4X 8k 454 854 254 3034 2.30 5 110 118 Newberry (J J) Co.* 5% preferred.. 100 120 New 55 X 30 • 21 21 1034 11 16 1954 90 44 X 13 k J* 1654 5P Nominal, "54 136 4 1 4X pref * Munsingwear Inc..* Munson SS pref A.* 35 k 11 454 3754 1154 16 18 Mullins Mfg Corp— 2 354 254 % ilU 5 .... 83 5 6 33"" 9 t * 11 9 New Hav Cl com..* New Idea com _* 12 Textile 554 7 1254 Companies Arizona Land * 154 1254 .1 New Process Co N Y Auction. * 28 * * 154 4954 354 6 54 7 54 $5 non-cum * pf— * N Y Merchandise. 10 N Y Shipbuilding.. 1 1254 Founders shares. I 7% pref N Y Transit Nicholson File 1900 Class B 1154 92 54 554 2954 854 63 54 31 454 25 54 354 100 5 * 1 69 5 1 Noma Elec Corp N orth Amer A via. .1 North Amer Car..20 $6 preferred * 7054 Class A pref 1 Class B pref 1 No Am Refractories 334 34 10954 5k 10 54 Noblitt-Sparks North Amer Cement Common 1 Class 6 1054 A * Class B • * 654 % preferredlOO 54 454 654 254 54 18 North Central 15 9 1654 954 No North German 100 price. 47 X Lime 254 78 80 .-* 2154 254 2254 2354 254 Muskegon Motor Canadian 13 7 HO 31 Niles-Bement-Pond * 2554 r 934 39 4054 11154 4054 N Y Air Brake N Y Dock 140 25 54 conv . England units Newport Indus * Texas Oil (New stock. 25 5 European Oil-.l k Lloyd I Amer 1 pref. .25 11 New Mexico & 254 1254 1554 554 8% n 55* 1154 1554 554 Spec cl A Mutual System 60 N J Worsted—See 95 Preferred | 27 110 5 100 common New Britain Mach. * 7 % preferred. 100 New 2734 4454 18154 aS* 67 Cord¬ Preferred 28 26 Bedford age "254 2 2454 Murphy (G O) * 5% preferred.. 100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Co * _ 10834 354 2354 100 1 conv pfd 100 (Herman)..5 Neptune Meter A. * 8% preferred.. 100 11754 5554 16054 91 Murphy Varnish 100 Nazareth Cement .10 Preferred 100 Nebel (Oscar) pref.* Nehl Corp com * 116 Conv preferred. _* "C" units.. 1154 4 90 154 6654 2454 78 454 5 54 80 54 Nestle-Le Mur cl A ♦ 83 conv * * 42 Machinery. .100 Mortbon Corp A..1 Motor Finance com«p Mueller Brass Co._l Co 454% 2 4^ & New preferred 1 Neisner Bros 254 Morse Twist DrilJ Motor Improvem'tl Motor Products * M0t Wheel Corp. .5 Mountain ITod 10 Moxie Co class A * 3 54 154 93s 54 954 * Nelson 100 ,,5% conv pf A.100 Preferred 5 19 fcLast sale, . 9154 Merchants & Miners _ 554 2754 % 9054 61 k . % Sc Co Ltd......10 70 _ 554 27 _ Navarro Oil 14X 57 . Natomas 14 k 60 Transportation- * Merchants Refrig__* Preferred 100 8 28 4454 $7 Proper.5 18 2I* common. 12.50 Nat Union Radio.. 1 4354 8 * . Nat Transit Moore (Tom) Dist.l Moore Drop For A.* Class B Mercantile Stores..* lYeferred 100 21 Morrell(John) & Co* Morris (Philip) 1554 10 25 National Tool 55 8X 100 Supply— Nat Tea 110 26 k 100 8 $6 preferred Nat Standard 554 % pr pref__100 10-year $2 pref. 40 6% prior pref. 100 11 1054 105 50 8X Uk t Called Jan. 2 at 105. 32c 10X 25 k 38 . JX 22c Moody's Invest Serv 161X 52 X 3k 8X 10 k Mercantile ux Class A Monticello Tobac.. 1 Monumental'Radio 1 36 k 10 12k 100 Monroe Chemical..* Preferred __* Monsanto Chem 10 $4.50 pf ser A * 8k 37 k McQuay NorrisMfg* 40 Nat Shirt Sh Del..* 2154 Judson— McWilliams Dredge* Mead Corp com * $6 preferred serA* $5.50 pf ser Bww* Mengel Co .1 5% conv 1st pf.50 10X 17 k 5 WA 40 X * . _ 23 X Sts com.l iiH i8oM 50 854 38 1254 42 54 454 7 % preferred 100 Nat Supply (Pa).. 10 Monolith Portland Midwest pref. .10 3k 18 k 9X 52 5 National Monolith Portl Cem Common * Preferred 10 11 * 37 74 4 54 Modine Mfg com_ * Mohawk Carpet. .20 Mohawk Rubber. _* 3 2X 16 X com ---- 354 1 common 2834 4354 10 k Mead Johnson 3454 72 Moloney Electric A* .10 pref. 100 Nat Rub Mach 7154 10 54 Preferred lk McKesson-Robb'ns 5 conv 554 2 10 Refining com..* prior pref .* 8% cum pref.. 100 Nat Steel Car Ltd.* Voehringer.Co2.50 47 2 6% 454 654 3 com Radiator Nat Nat Steel Corp Nat Sugar Refg Mock 9 113 25 * 2154 Pressure 3 Class B 1 Mo Portl Cement.25 k lk pref 4X 1854 National 11 5k 106$ 27 k conv 354 1 6 2054 common^. 25 commonly. 2 5 Miss Valley Barge 15X IX 9X 2 8X $3 954 Mississippi k3 lass— 15k 10X 23 96 X 7 com A* 42 954 Molybdenum Corp 1 Preferred.. 100 McCord Rad cl A..* Class B._ -__* McGraw Electric. .1 McGraw-Hill Pub.* 45" 100 Cooker 57k Missouri Kansas * McOrory Stores 1 Conv 6% pref. 100 108 A* Monarch Mach T'l * 100 1 Master Tire & Rub* Preferred * 4954 40 Monogram Pictures 1 Preferred Master Electric 43 "-26"54 334 5% preferred.. 100 1 1834 5% A conv pf.100 Massey-IIarris. * 53 Paper & Type— Common 4854 Dry Corp.l 16 Martin Parry Corp * Masonite Corp * 2034 172 8 Mission Mission Oil 15X 2k 26 X 42 k * 1254 93 B 7 IX . 15 Preferred 100 Marlin Rockwell.. 1 Marshall Field & Co* A* 454 454 60 26 51 10 Preferred 10 Melville Shoe new.* Menasco Mfg 1 12 h 1 13$ 11 143 60 95 7— " 2654 3 Nat 102 Machine McLellan Nat 10 k 100 Calculat Marchant Plate 17 k 27 X preferred .50 Preferred 15 25 Power Implem 1 .5.50 cum pref..* Mission Corp 10 4 McKeesport Tin Lily Tulip Cup..-.* Lima Locom Wks. * Lincoln Bldg vt c Lincoln Mtge 1 Lincoln Printing— • $3.50 preferr xl_.* Lindsay Lt&Ohem 10 Preferred 100 Maracaibo Oil Exp. 1 Marathon Paper..25 Oil Co 28 Preferred. .v 100 Lib McNeil & Lib.* Life Savers Cor p.-5 13 12 X * Ley (Fred T) & Oo.l Libbey-Owens-Ford * Liberty Baking-—.* 7 2X 22 k U4X IX 3X 23 434 % pref—.100 Le Roi Co com 10 Inc 34" 1 6 2k Leland Electric * Leonard Oil Devel 25 Stores ~4X 80 Lefcourt Rlty Corp 1 10»i • _ _ 57 63s 2434 _ Nat Mfrs & Stores..* 107 1054 A 3\* 10 Marion St Shov 2454 Leh Coal & Nav—* Leh Portl Cement.25 Preferred... 6% prefer ed_100 Nat"Lock Washer_20 Nation! Malleable & Steel Castings * Minneapolis-Moline 9k 12 115s 91 20 167 100 6% pref B 100 Nat Licorice com 100 2 Minn Min <te Mfg._* 7 1254 1654 11654 1054 354 20 Milton 27 X 1354 1054 lit* 1234 154 Fireproofing. .5 334 8% preferred 50 Bradley pflOO Brewing 1 Minneap-Honeywell Regulator * 4% pref 8e- B.100 2254 175 Nat Food Products Minn UX 60 13 954 2354 5 34 % preferred * Nat Oil Products..4 Pipe Line A Marshall Wells pref. Martin (Glen L)_._l Preferred .* Lebanon Steel & Ir.l Lee Hardware -.5 Conv preferred..* Line * * Nat Dist Prod * Nat Enam & Stpg_* 7% pref A 3.40 1 Miller (T1 Sons com 5 * Margay Oil Corp..* 6% preferred--100 Lawrence Portland - 754 * Mapes Cons Mfg..* Maple Leaf Mill * 5 i* 9X 7 Midwest Oil 10 Midwest Piping & Ilk 10 Inc..* 6 Co common 4 7% pref class A100 7% pref class B100 Class B 1 Nat Fuel Gas * Natl Gypsum com.l .50 conv pref. _* National Lead...10 1 27 X 25 Manning Bowman 135 3% 4X 36 iVi 40 1554 954 9 54 1254 1654 11554 11254 65fc 6 (Del) 1 Nat Dept Stores Nat 1054 98 * Class A $2 n-c div shares. * Midvale Co * 12 * 125 % Mid-West A bras. 50c 29 $5 conv pref Manh-Dearborn 2654 454 % 4k 100 Midwest Refin 29M MiLleF&Hart— 45 26 k States Pet— 454 654 3754 * 6% preferred—10 11654 1754 113X & Shirt_25 Manischewitz * 15X —Supply common.* -1m Television com_.l Bros 1554 _ 11" 54 * Mfg..1 Nat Container 1554 8 54 2254 165 Preferred $7 Nat. Cash Reg 554 354 "2k (R C)— $2 preferred Mahoning Invest 100 Radio 4k 20 103 14 54 1 Nat Cylinder Gas._1 Nat Dairy Prod * 3X 8% 1st pref X il* g* 151 52 10 Nat Casket com Nat Chem & Products com.* 134X 1834 38 6% preferred * 133 Nat Bellas-Hess Nat Biscuit Aluminum Fdy..* National Candy—* 1 35 ._* 15c 8*' Class A vtc 1 t Class B vtc 1 t Midland Oil Corp— $2 conv pref * Midland Steel 26X 42 50 Class A Pub—* Preferred £ ,54 com pref. .10 Battery— conv "554 4X Yi Middle JX 25 5k 1 Lanston Monotype Machine Co.. 100 La Salle Ext Uniy 5 Lautaro Nitrate A_1 Lawbeck Corp— Link-Belt Co Macfadden 130 1 _ 34 k 50 16 1054 434 654 -1 . 7% preferred..100 National Bronze & Midcontin't Airlines Mid-Cont Petrol 10 4X 6X2 lk Airpl_50c Lynch Corp 5 MacAnd & Forbes 10 6% preferred-. 100 Macfadden Newsp.* Manufac's Trading 1 * Lionel Corp Lion Match Luscombe 120 Tube.234 Products 100 1 X Bakeries class A. Prior oO 100 Mandel 15X Class B Preferred Line Material 3X 4X 20 Mangel Stores 28 X 6 1 Co B pref n-c 6% National Mickelberry's Food 26 2 6h 20 5X Langendorf United 7 1 _ _* .7% preferred... Common 24 28 5i 12 k Landers, Frary & Lesstngs pf. 100 conv 234 4154 38 112 __1 -.1 Gas & Oil Mich Steel 40c Manhattan Preferred 100 Lakey Fdy & Mach 1 Lerner IX 11X 54 2954 Preferred Michigan Sugar...* Preferred.. 10 24 k 156X lk 12X 3Ps 29 534 * r Leath & Co com Mich Fi bres common 2854 Mich Steel Cast Major Marketing-.1 Mai lory (PR) » Manati Sugar com 1 Option warrants. 12 1 Milling Mich Bumper Mich Chemical 112 23 X 154 Mvers (FE)& Bros.* Myles Standish vtc* Nachman Springf..* Narragansett Rac'g 1 16 Mexico-Ohio Oil * Mexican Petrol—1 110 Dec 65 Metrop Playhouse.* 17k 20c Majestic 24X Lake of the Woods r?ement Lea Fabrics 2nd preferred-.100 (P) 10 7% preferred-.100 Loudon Packing—* Louisiana Ice & El.l Lorillard 4X k 100 50 17 109 160 102 Mahon 82 k 50 Lago Petroleum 60 — 65 _ Laclede Steel 26 50 —2K\ 1 Kirkham Engine & IP 1 Kinney (G R) Inc_-1 .JKirby. Petrol 9% 8 Kinner Motors.___1 Preferred Lanova Corp Bis..25 634% Pref Nov 28 _.l W eils Wiles 1454 * com Preferred.. $5 preferred—100 Long west Corp * Loose Lukens Steel King Seeley com__l Kingston Products. 1 Lane S* * 45 Nast (Conde) see O Vat Acme Co 1 National Automotive 654% pref A100 Ask Per share 17 Metal Textile Corp Common 25c Partic pref'ence.15 Metal & Thermit..* Lunkenheimer Co— * 100 Kingsbury Brew Clark Lane Bryant 18X 46 k 5% ..16 2-3 Mfg 1834 45 54 43 Messer Oil Corp...* Mesabi Iron 1 Mesta Machine 5 m 14 k cum Bid Nash-Kelvinator ..5 , 3 107 16 106 X 6X% Keystone Watch King Oil.. — pref..* $6.50 Par 50 Scott sH Ludlow Valve com.* Preferred Preferred 13 Stocks Merritt, Chapman & 26 X Louisiana Oil Refg.* Keystone Steel & Case Preferred Loew's Bos Thea.25 Loft Inc * 1st preferred.-100 com. 38 31-54 6X 35X Ask 6% preferred.. 100 Mergenth'ler Lino.* Merrimac Hat ..* IX 28 Locomotive Firebox* Loew's Inc. com 1 5% preferred-. 100 Lord & Taylor..100 Ken-Rad Tube & Class A Merck & Co com..) it* * Common 1 Kimberly-Clark 100 Long Bell Lum A--* Kelsey-Hayes Wheel 1 Bid Per share Lone Star Cement.* 8X2 154 Kendall Refining-10 Kennedys Inc. -.5 Pari Stocks 15X „ si* Locke Steel Chain.5 Lockheed Air Oraft-1 IX » Kellogg8witch & S 5% cony pref_100 Kelly Springfield Tire common 5 Keyes Fibre 4, * Class B 20 ConvclassA Class B__ Brothers Loblaw Groc Ltd A* Keller Dorian Kellett Autogiro Kellogg (Jo Lit Preferred cony Colorfilm 15 Liquid Carbonic—* Liquidometer Corp 1 Kayser (Jul) & Co_5 Ask Per share shares 254 354 % Nov 24 34 Quotations for all securities are as near as Ask Bid Stocks Penn Vy Crude Class A 6k 6 21"" Peoples Drug Stores* 34 36 .._* 225 * 1 27 13 14 Pepsi-Cola.. N'west 16K nv, Perfect Circle 50 53 Yeast—100 NorwalkTire& Rub* 7% preferred 60 Norw Pharmacal.2 % -Novadel Agene——* Niwrzema Ohem.. N'west . 40 k 20% Ohio Oil ♦ 19 11% 6K, 98 % 6% preferred--100 Ohio Rubber 22 & «._* Ohio Match B0 7% Ohio Seamless Tube* 7% preferred100 80 Oil Exploration 1 Okonite common 100 1 105 82 1% 20 7 6% preferred-.100 Oldetyme Distillers 1 Oliver Farm Equip.* Omar Inc 1 70 17 H 6 % preferred 100 Oneida Ltd coml2H Preferred 25 Ontario Mfg com. _ _ 29k 12 % 5% Oppenheim Collins.* Oshkosh B'Gosh Conv 6% 98 M 110 * * preferred..* O'Sullivan Rubber. 1 2% . _ . . . 17 k 139^ 51% *7% preferred.-100 116k 60^ 17k 147 % 27 55 120 61 37" 35 5 5k 1 Pacific Aviation 1% 5k 22% 75% i7A $4 preferred * $6 preferred * Phila Insul Wire—* Phil & Read O & I-* Phila Record com.* Preferred 100 74% -16 % II" 12% Pac Coast Cement— Common 5k 5 3% 25 k 2k lk 4% lk 10% Am shs.500 lire—- II46 7k Pitpey-Bowes Post 1% Pittsburgh Brewing * 30 Preferred -_* 5 Pitts Coal (Pa)-.100 24 6% preferred--100 8 Pitts Coke & Iron..* -49%. 7k . 31 5k 25 8,a 70 1 Pgh Metallurgical 10 Pfttsg PI Glass—25 72 11% 10 k 7% Pitts Screw & Bolt.* 10 Preferred ,SH 37 31 18% % 1% % 2% .100 * 1st preferred 23 23% Pittston Co 2d Ilk 12 (Thos G)— 7% 1st pref 100 Common 100 Preferred 100 1.15 40 Pacific West Oil.-10 7% Packard Motor 3 k * Pairpont Corp. .100 * Palmer Bros Preferred 60 50c 75c" 30 32 19 Pan Am Airways..5 19k Pan Amer Match.25 15 If .15% 6 m 7% 105 4% 4% 4% 6 Pantex Pressing Machine common* Preferred * Paraffine Co Inc..* pref_100 Paramount Aircraft 1 * % k 25 k 30 40 35 42 98^ 100.. 1% Paramount Picturesl 6% lstpref—100 6% 2d pref 10 Parke. Davis Co..* Parker Pen 10 85 Parker Rust 19M 7% 87% 9% 44 k 12% 19Vs 15 18 Prt.2% Park & Tilford Inc-1 Rig 7% 8k 44 12 1 8k 1% _ Pathe Film Corp-.l 7% preferred... Pathe Laboratories* 10 28 Pea body Coal B...5 H preferred. .100 Peck, Stow & Wile 10 iSB 104 41 ~5 % Peerless Cement— 6% 3% 5 % 5H 2% % 6k Peerless Weighing & 1 Vending com ..* Pelham Hall v t c ...j Pender (D)Groc'y A* Class B Penick & k Ilk 44 * 11% * Ford 59 60 94 95 Penney (J C) Com. Penn-Central lines 43 % Air¬ 1 Corp Penn Coal & Coke 10 Pa-Dixie Cement 7% conv pref A..* Penn Electric Switch Class A 10 Penn Federal Corp.* 4H% preferred.50 11% 2% 3% 22% 11^ 2% 3 k 25 15% 15 * 16 $7 conv pref * Penn Salt Mfg—50 Penn Sugar 20 Penn Traffic 14% 13 2% 2k 2k i/0 /s Myers..* k 25 1% 6 5 17 k 25 90 100 Preferred 1 Rockwood <fe Co../.* 15% 11% 5% preferred.. 100 14 k Roeser & Pendleton * 12 k 12 100 1 Rome Cable Corp.5 Rogers Peet Rollins Hosiery 1% lk 11% 1% 2 3k 75 . 14 k % 65% 65% 230 11894: 8k 86 89 14% 1494T 8k 6% 118% 9% 120 150 153% conv 10 k preferred Randan Corp pt Class B lk 5% 60 lk 2% k Last sale., n Nominal, 5% 2k lk 5% 2% 1% 1% , " 3% 6% 5% 18" 3% 3% * Preferred 50c lk 19 98 112* * Samson United 19^ 20 k Sanborn Map. ...25 12 13 37% Sangamo Electric. _* Sanitary Co of Am b% preferred .100 price. 5% I New stock, 28 3% 3 55% % 1 107 25% 37 x Ex-dividend 57 k 7k 7 Salt Dome Oil 48 20 k 12% 12% 3% 3 1% 31 29 1% 1% Ilk 4k 12% 22% 23 4% 2% 2k 30 40k 40 24% 143% % 25 1 15% 21 18 16% 17% . Sparks-With'gt' 31 . 65 19 k 14 Preferred 115 3 Stock Yards 10 H 60 * South'n Pipe Line 10 Southern Phosph.10 Sou Webbing Mills. Southland Royal. .5 6% conv pref. .20 Pipe Lines 10 Spalding (AG)&Br.l 1st preferred * 19 St Regis Pap com. .5 Preferred ,100 16k Southern Groc com* 114 125 100 Preferred 112% 111 5 5% 6 8 7% 9% 5% 5 South West Penna 75% St L Rocky Mt & Pacific Co.. 100 2 15 19 k 99 k 13 15 k 20 5 Lines common. 65 k 19% 19 r * 45 r Canadi 112% 113% 5% r - 47 104 St Paul Union 39 17 62 k 46% 103 k 100 100 Mills com StLNatStk Y .-5 Works 1 111 27 21% 2% 23 25 25% 2% 2 1 Spear & Co $5.50 preferred..* Spencer Kellogg . * Spencer Shoe * Sperry Corp v t c—1 Spicer Mfg Co * $3 conv pref A—_* - 35 10 Raybestos-Manhat * Raymond Concrete pref 1% 5% 100% 60 k 57 __» Rath Packing conv 14% 46% 3k St Lawrence Flour 15 37 .100 A_* 6% 14 common prefer-ed 24 14 k 45 Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car Heat & Ltg (Del) 50 Safeway Stores....* 5% preferred.. 100 6% preferred.. 100 7% preferred.. 100 St Lawrence Corp.* $2 conv pref 50 77% $5 pref B 22 $2.50 conv pref..* Ryan Aeronautical .1 75 2k S'eastern Greyhound Russell Mfg— —50 Rustless Ir & Steel .1 3% 225* lk 155 2 Development -. 100 19 lk 2% South Bend Lathe South Coast Gorp.-l 19% 47 k 114 31 Soss 64 23 46 k 61 Typewriter.* 12 k 18 k preferred.-1 Mfg common.1 Conv 100 South Penn Oil—25 So Porto Rico Sug_* 8 % preferred .100 South Shore Oil & 20 of N Y ord shares. 12% 17 k Mfg 1 Sonoco Products—5 Sonotone Corp 1 Preferred Ruberoid Co 109 Chem.l 8 7 % preferred- . 100 * Russeks 5th Ave.2H 5 39 * Am.* * 1st pf * 11 Royal Dutch Co Royal 11 4 k 35 109 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 Rademaker * Sivyer Steel Cast . * Skelly Oil 15 6% cum pref--100 Skinner Organ 5 Sloss-Sheff S & 1-100 lk 153 Solar 22% 100 3% 7k ' Simplicity Pattern. 1 Singer Mfg 100 Singer Mfg Ltd— £1 Sioux City Stock Yards com 20 Preferred —20 SIrian Lamp com..* 22 ~1% ~6% 6 * 19 k 23 35 30 17% Preferred _. 1 Pile common Without par value, iz 72 _.* 6 U8^ * Common Preferred 4% $1,20 conv pfd.20 Rose 5 10&25c Store common 1 $3 * 7% 4% Roosevelt Field. Ralston'Steel Car. 10 168 167 • Root Petrol Co Pure Oil Co % 1 75 77 1 Radio-Kelth-Orph. * 32 k k 5% 22% New 27 23 7% 1% 2k % 10% 31 % Ilk 8% 78 k 119 1 lk % ... 43% New Units.. Penn-Mex Fuel 2 22 k 1st preferred.. 100 Original pref.. 100 Puget Sound Pulp & Timber com—* Preferred 20 Pullman Inc * Punta Alegre Sugar * Penna Industries— Penn Rivet Corp. lk 5% conv lst pf..5 5% conv 2d pf—50 * Preferred .100 30" 15 lk 5 18 k 22% Typewriter vtc—* 8myth Mfg 25 Snider Packing ♦ Socony Vacuum..15 Solar Aircraft 1 9k 228 (Franklin) Sc pref-—100 Co 7% 20 15k 70 Simonds Saw & Steel 8 14% 8% preferred--100 5% preferred--100 Producers Corp. .25c Prosperity Co B—* Publication Corp.-* * Common Simon 7% 14 k 42 k Process Corp com—* Proc & Gamble * * Simms Petroleum. 10 32 "9% Hdw & Pt Simon Brewery-...1 1 r preferred—_* 82 31 12% 29 19 47 9 Radio Corp of 25" Pub 6% 95 116 Simmons-Boardman Simmons Rockbestos Prods- 46 r 100 107 7% 1st pref—100 Pressed Steel Car— Common Prior pref.. Simmons Co Cedar Rochester Button 22" $3.50 * v t c 3 B i 27 16% 42 Penn Glass SandCommon 2% 6% Silex Co Silver Burdette— $6 preferred... 100 40 Price Bros & Co 8% 4 * 32 107 17 Smith (A O) Corp. 10 Smith & Corona 21 & common 19% 3k A 37 k 15% 6 * pref 18% _* 5% 52% 13% * Common Robertson (H H)__* Pratt & Lambert--* conv Sherw-Williams -.25 $2.50 preferred.30 7% 39% 100 14"" 55 27 25 1% 1% % 4k % 4% Pressed Metals Am.l 25 Hoist.. Robinson (Dwight P) 10 Hall 90 Shepard Niles Crane Robertson Pap Box .5 Powdrell & Alexan_5 Prairie Oil & Gas.25 Prentice 4 TO5k 17 % 1 Pref stamped—.5 Potter Co com 1 6%% conv pf.100 ljf 15% 9k -ri 2 k 1 % % Potrero Sugar com .5 Preferred 5 6% k 36 k 30. Shattuck (Frank G)* Shawnee Pottery. 1 Sheaffer (W A) Pen* 57 11 Slgnode Steel Strap'g 9% 1 Preferred AVs 50 53 39 k Robbins & % 10^ % lk 15 k 7k 1% 13% 52% 83% 7% Class 26 k 55 85 Class * 8% 30 Riverside Cement— 1 6 8k 51^ 9% Mfg.* % 4 50 Preferred Seiberling Rubber.* 5% preferred Selby Shoe * Sentry Safety Con.l Serrick Corp cl B..1 Servel Co 1 Seton Leather * Shamrock O & G-.l Sharon Steel Op * $5 conv pref * Sharp & Dohme * $3.50conv oref..* 93 k 114 5%pfser AAA 100 Sher-Wms Can * r Preferred 100 r 112" 8% Shuron Optical— 1% Rltter Dental 40 % 14% 10s Preferred 12 k 20 Porterfield Aviation. - Paramount Motors 1 Preferred.. 11% 39 k Segal Lock & Hard¬ ware com 1 74% Works common .10 19 Class A American shares— 6% * Potash Co of Am. .5 Vs Trans. Riegel Paper Riley Stoker Porterfield Aircraft! Porto-Ric-Am Tob— 6 Refining com 1 Pantepec Oil Co— Reel 12 k Class B Pan-Amer Southern 1 Parmelee 39'" 10 % Poor & Co class B__* Panhandle Prod & Parkersburg 36 100% 84 k 81 Richman Radiator. 1 1 * 28 * 9% 2% 85 k 2 14% * Richmond 19 * * & Richfield Oil of Calif 53 24 8k 1% 18 k 73 Richardson 9% 104 k 30 23 92 55 Common 104^ 29^ 89 10 20^ 114 22^ 100 100 10 48H 113 30 22% 52 k Co * * * 25 .* * . Shell Transp & Tr £2 Shell Union Oil....» 6 25 83 43 * 4 - 5% Warrants Class A Transport $50 par B conv 100 1 Preferred Polaroid Corp Pollak Mfg "l% 3k 10 1st pref 2d pref 1% 52 k "lk 9" Pocahontas Fuel-100 2 "3" 51 k 80 20 k Plough Inc 7% 1.90 Plymouth Cord-100 47% Plymouth Oil 7% Pneumatic Scale Preferred 10 3% Pan Amer Petrol & 4% lk Pleas't ValWine Col Pacific Port Cement 5% 10 4% 9% ordinary 5s Rice Stix Dry Gds_* 7 4 12% Selection Rhodesian Plant .* preferred....* pac Eastern Corn— See Invest Cos 12 10 Rheem Mfg Co Rhodesian Anglo. % 25% 15 101 k cum B common 30 17 k k* 9 13% .... 29 16 k % pref..100 5k% cam pf__ 100 Reynolds Metals..* 5%% conv pf_100 Reynolds Spring... 1 Reynolds Tob 10 101% 8 Pittsburgh Steel. 7% pref B 100 5%% prior pf.100 5% oref A 100 % 24% Scullin Steel Warrants- _ k 6* Seeman Bros 6 8 k 5% 9% 47% ih* 72 12 k 20c Seagrave Corp Sears. Roebuck 18 13 % Seaboard Oil (Del).* k 5 Class A 11% 9k 99% pref...._* Pitts Forgings r Republic Air Prods. Republic Aviation. 1 A preferred..-.._ Republic Steel * 6% conv pref. 100 6% prior pf A. 100 Respro Inc com * Revere Cop & Br. .5 Pirelli Co of Italy— Scovill Mfg Scranton Lace 50 5 17 r Renner Co Reo Motor Oar ammm 6% 40 w„ 25 21 18* ^ preferred $4 preferred 26 5% warrants. Preferred w . 4 % % 100 10 26% % ' Pines Winterftont.l Bond 3% 3 Scott Paper. 50 25 $1.50 conv pref.25 Remington Arms..* Rem'tn Rand com.l B rights 8 7% Ilk * Schulte Real Estatel Preferred 100 Schulte Retail Sts.l 1% 60 100 2 Reliance Si eel 4% k 10 k 35 1 8% preferred..100 Schwitzer-Oumm 1 47 100 (Illinois) 2l" 33 16 » Preferred 20% _..* Sugar—.1 Savoy Oil 6 Schenley Distillers.5 5%% pref 100 9% lk Reliance El & Eng 5 Reliance Mfg Co 2% 44 - Savage Arms 4 13 Co—* Preferred 41 k 2% 7 2% 3% 9% * 100 Reliable Stores 5% 26 k 6% 2% 7% 1st pref—.100 Reiter-Foster Oil.H 30 43% pref. 100 conv ~6k 6 Reis (Robt) & 4% 5% 41 k Pitts Term Coal— Preferred Pacific Coast Co. -10 25 20 3k 2k 6%% pref Regal Shoe pref. 100 Regent Knitting Mills Ltd * Preferred 25 5 . Pacific Can Reeves (Daniel) 10 Schiff Co com * Reed Roller Bit A** 42 38 50 Preferred % 3k Units 19 3 Pilgrim Explorat—1 $5 conv 43 \ $5 preference * Pac Amer Fisheries 5 10 Piper Aircraft 6% 5 fe 56 preferred A Phila Daily News. Pillsb Flour Mills. 42 26 Owens-Ill Glass. 12 % Oxford Paper com.* 6% 7% Units 5 8% 95 Savannah Reece Fold Mach.10 Reed Prentice com.* 40% 4% San-Nap-Pak com.l Preferred 8% 1 k % Reece Button HolelO Pierce Oil Corp— 3% 39% » com 2% 10% 25 8% 19 28% 1 * Engine Reda Pump Red Bank Oil % Pharis Tire & Rub-l 6 18% * Red Rock Bottlers. 1 6% Derivatives.* 14 % __ Manufacturing. .5 Outlet Co Pfeiffer Brewing...* Petrol Petrol Heat & Pr__* Pierce Governor—.* 12 ^ . Pettibone Mulliken * 30 k 31 Oswego Falls comlOO Elevator—,. * 6% preferred. .100 Otis Steel. $5.50 conv 1st pf.* Outboard Marine & 30c 7 % 1% 9k Phillip-Jones Corp.* 7% preferred--100 Phillips Packing * 115 * Phillips Petrol Phoenix Hosiery—5 90 7 % preferred- -100 1H 20% Pick (Albert) com.l 9 Pictorial Paper Pkge Corp. 5 isli Pierce Butler Rad 7% 6 24 Otis lk 21% 15c * Conversion-1 Phila Dairy Prod--* \ * \ 21 * "47 Ohio Leather 28% Phelps-Dodge 12 33 k 158 20 \* Petrol 234 5% lk 20% 1 Per vel Corp Pet Milk... 1SH 36% ok 214 13% 33^ 34k 5k 2k Ogilive Flour Mills-* Preferred—'i^lOO Ohio Forge & Machine Corp 44k 17 Nu-Enamel 1 Nunn-Bush Shoe 2 % Ohio Brass B Permutit Co 5 4% 15c"' 5c 1% Per share Par 28 Rayonter Inc com. 1 $2 cum pref 25 Raytheon Mfg..50c 6% preferred—.5 Real Silk Hosiery Mills common 5 7% cum pref.. 100 Realty Operators— Rearwin Aircraft & Ask Bid Stocks share . 15 2.% Ask | Per Par Pennzoil Co com... Northwest Airlines.* Engine share lk 6 lc Units Warrants Bid Stocks Oil— B Class 7k 5% 2% 1 Class A Ask Per Par 33 16 Northrop Aircraft • possible for the closing day of the month preceding the date of issue Bid Stocks Per share 31 7K North & Judd 25 Nor Pnper Mills..10 North Pipe Line. .10 MISCELLANEOUS STOCKS & INDUSTRIAL 90 _ Spiegel Inc com—2 $4.50 conv pref..* Springfield Ice & F.5 Square DOo 1 Squibb (E R) & Son* $6 preferred * 7 2% 7k, 65 69 20% 22% 1% 2 45% 45% 33 52 k 33% 52% 10% 59% 2% 33% 36% 110% 10 k •60 33 k 38 111H JAN., 1940] INDUSTRIAL 91 STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Stocks Stahl-Meyer com-.* ) 100 Preferred Staley Mfg Co 10 7% preferred--100 $5 preferred.....* Standard Brands..* $4.50 cum pref..* Standard Brewing..* Stand Cap & Seai-.l Conv Ask Bid Par preferred .10 2% 15 16" $3 105 93 5% 101% 6 103% % 13 % n* 18 % 19% Standard Coated Products com. 10c 1% 5% 5 Preferred 2 $1.60 pref-20 conv Stand Fruit &SS. 10 Preferred .* Stand Oil (Oal)—. Stand Oil (Ind)...25 X > i t* 24% 26% 1% 12% 4 21 25 !t* Stand Oil (Kan)..10 Stand Oil (Ky)...10 43 Stand Oil of N J. .25 Stand Oil (Ohio)..25 43% 44h 5% preferred.. 100 Standard PlasticslOc 107% ill* Standard Products. 1 Standard Screw. .20 Preferred A 100 Stand Silica com 1 Stand Steel Spring. 5 Stand Tube cl B 1 9% Stanley Works 25 Starrett (L S) Co..* Starrett Corp— 20 3 45% 1% 47% 33 34 1% 8teel Co of Can—* Preferred 25 Steel Products Eng 1 86 82% Stein (A)& Co com * Sterchi Bros com..* 12 6% 1st pref.—.50 5% 2d pref 20 Sterling Aluminum A* 40 1 12% 3% 34q% H* II* 4 .. Tool Sun Oil Class 4% 8% ♦ * Susquehanna 43 15% 17 6% 16 3/0 29% 1% 6% 19 7 1 ..5 Talon Inc common.5 Tastyeast Inc cl A.l Taylor-Colquitt Co 5 Taylor Craft Co 1 Taylor A Fenn.. 100 Taylor (K) Dist...l Taylor-Wharton Iron & Steel com.* Technicolor Inc...* Telaut'g'ph Corp..5 Tennessee Corp.-.5 Tennessee Prod...5 Terminal Ref A Warehouse Corp50 Term & Trans com.l Preferred * Texas Corporation 25 Texas Gulf Prod * Texas Gulf Sulph—* Tex Pac Coal A OillO Texas Pacific Land Trust old stk—100 Ctfs sub shares.. 1 Texon Oil & Land..2 Thatcher Mfg.. * $3.60 conv pref.-* irii 4% 1% * % 39% 38% 1% 2 W* 40 87 5% 16% 6% 16% Stores com 1 Conv preferred. 15 Un St Yds Omaha 100 Union Tank Car. * Union Twist Drill..5 17 17% 26% i* 67 23 22% 24% 46% 28 46% 6% Lines ...... 16% % 5 .15% 114% 59M 31H 32 8% 6% 5% 9 24% 26% 6% prior pref.100 69% Preferred .100 Utah-Idaho Sugar .5 Preferred. 10 Utah Radio Prod—1 Vacuum Concrete.. Vadsco Sales Corp— Common * 7% cum Dref_-100 Valley Mould A Iron Common... * United Valley Osage Oil.—* Valspar com .1 $4 conv pref 5 Valvoline Oil comlOO 8% preferred-.100 Vanadium Corp * Van Camp Milk * $4 preferred * Van Dorn Iron Wks* Van Nor Mach Tool5 Van Raalte Co. 5 7% 1st pref 100 Veeder Root Inc...* Synd 2 Vertientes-Camag'y Sugar common..5 Vicana Sugar v t c.3 % 6% 12% 4% 6% 2% 58 2% 18 44% 3% 32% 8% 7% 13 4% 6% 3 65 3 20 44% 4 A...... conv pref. 100 U S Envelope... 100 Preferred.100 UIS Finishing .T7% preferred-._ US Foil B U 8 Freight U S Graphite. U S Gypsum _ i* 15% 50 10% 24% 78 It* 68 5 5% 5% * 5 .20 "6% U S Ind Alcohol • U 8 Leather com..* 7% cum pr 4%% pref 100 3 % preferred- 100 Vulcan DetinninglOO 7 % preferred. .100 pf.100 Part convA cl A.* Waco Aircraft.....* Wagner Bak v No par value, t Called Jan. 1,1940 at $37.50. t c. -1 Wahl Co.. • WaittABond Inc A * iL* 1% W* 1% 45c % 16 17% 30% 85 6 88 IV* 29 18* 37 7% ik 105 !1* 110 33% 12 62% 3% 65 25 27 37 38 114% 54% 4% 2 AX* 20c 4 115% 56% 5% 2% ""% 3% 2)1 WalkerJH) Good'm . 2% it* 44% 5* 20 40 20c __v_ 9 11 % 1% ■ % 1% 84 44 83% 43% 4 4% 91 1 % 10% pf...* Warner Co com * Preferred....—.* 6 84 175 9 85 181 4% 5% $1 $3 cum. cum * 1st pref.* pref conv Warren (S 10% 93 94 132 4% 5% 1% 3% "5% 6 1% 4% 6% IV* 95 32% IV* 97 33% 5 Wayne Pump 1 11 Webster Eisenlohr.* 7% preferred. .100 Welch G'pe Juice 2 % Preferred k Last sale, n Nominal, r 5% 4% 6 7% 8 5 AM 22 45* :\* 1% 4% 30% 100 1 Canadian price. 36% % 20% 50 106 % ' 14% _* 27% Mfg com 50 7% 1st part pf_50 Westmoreland Coal * 116% Brake common. Westinghouse Elec A * Westland Oil Weston El Instru—* Class A * 117 138 135% 10% Dec 12 3% 28 & 37% 36% 37% 5% I?* 90 66 . . White (88) Dental 20 White Rk Min Spgs- 12% 4% .32% 20% Common 9 Common 25 Whittaker Pap com* 7 % preferred 100 - _ Whittall (M J)— 5% preferred—10 Wichita River Oil. 10 Wickwire Spencer Steel common.. 10 Wieboldt Stores...* Prior preferred * Wilbur Suchard Chocolate com 50c Preferred Will A Baumer $50 * Preferred 100 Willcox A Gibbs—50 Wilcox (H F) Oil 39 105 5% 6 5% 90 15c lH 109 5 3% Oil-O-Mat * Williams (R C>—J* hH A Gas... Wm Willys-Overland 1 6% conv pref—10 Wilson A Co * $6 preferred— Wilson Line.. ... * 1% 3^8 5% Sk** * 100 22 Will son Products. _1 Wilsonite Products 1 Wilson-Jones * 11 115 Wither bee Sher pf 50 The Goodwill 12 Preferred 3 48 2 7 1% 6 8% 31% 81 1 7% 3% WJR Station 5 Wolverine 10 Prior prer units. _ Woodward Iron. .10 Woodw'd A Loth'plO Preferred 100 Woolw'th (F W)_10 Wool worth Ltd— Am dep rects ord. Preferred..... Worcester Salt.-100 Worthington Pump A Mach.. * 7% pref A 100 6% pref B 100 4%% conv prior preferred 100 4%% series prior preferred —.100 Wright Aeronaut!-* Wrigley (Wm) Jr.-* Wurlitzer 27 Portland com (R) comlO Preferred. 100 Yale A Towne 25 Yates-Amer Mach .5 Yellow Truck A .... Coach Mfg cl B..1 7 % preferred. .100 York Ice Mach .* 7% Preferred—100 Young (J S) Co—100 Preferred 100 4 6% 7% 61% 3% 4% 3 10 IH 63 4 5 15 23% 46% 118 38 11% 3% 41% 18% 66% 38% 6^1 VkM 70 60 70 43% 45% 34% 112 85 8% 103% 23% 2% 18% 114% 3% 24 35 114 *§% 105 24% 2% 18% 117 AM 26 84% 128% Young(LA) Spring A Wire Youngstown Car _..* 10% 11% Steel common 5 4% 5% * 26% 27% Youngstown Steel 26 18 Waukesha Motor 23% 6% 70% 11% * Stationery Westinghouse Air * DJ Co— * 31 23% A* 68 Union common..* Western Tablet A 41 30 .. Machinery pref * pref _ 7% 11% * Warren Fdy A Pipe * Warren (Northam) $3 r . 7 II* Warren Bros "I" 3* r Preferred .100 Western Newspaper 1 76 38 conv 1 * preferred $3 Woodley Petrol Wood Newspaper 72 34 $3.85 4% * Western Groc Ltd.* "2% 30 7% prior pref.100 6% preferred—100 Warner Bros. 36 95 Dairies Western 1% 30 10 Walworth Co. ._* 6 % preferred. __10 Ward Baking Corp— Com class A. * Com class B * WM 99 10 3% 29% . 7% preferred-.100 Pict._5 # Common Cement Waltham Watch cl B 25 Pulp Pap. Preferred-100 Wolverine Tube 2 Wood (Alan) Steel.* 7% preferred-.100 Woodall Indust—2 29% 3% 28% Preferred.....—* % Va 6% Western Air Expr__l West Auto Supply Winsted Hosiery 100 Winters A C'mpton 1 AX 30c * Class B Wellington Oil * T* _ Waldorf System. * Walgreen Co com—* 4%% pref ww 100 60 * 1 7% preferred 100 U S Hoff Machine.5 2% 16% 53% 5% 33% 85% W Va Coal A Coke. * W 6 Vulcan Corp com..* * 5%% conv pf—50 18' 5% preferred..100 Vogt Mfg.. * 4% 1 32% 8% 550 * A Worts com..* Un Shoe Mach—.25 Preferred 25 United Specialties. 1 U S Distributing * 7% .* 5% Sharing....... 25c "h 100 8% 2% 77 % 3 Steel * 17% Dec. 19 7% first pref .100 1% 2% WhitlockCoil Pipe- J Pump Foundry * 5 JCA 60 United Screw A Bolt Class A_. * Class B ...* Un Shipyards B 1 Class 157 Gypsum..* Vick Chemical m Profit 7 100 1% Victor Brewing 1 Victor Chemical 5 Va-Oar Chemical- .* 6% part pref—100 Va Coal A Iron._100 Va Iron O A O—100 . 15 % 30% 2% .* 4% ..1 United Milk Prod—* $3 part pref * United Molasses Ltd Amer dep rets. .£1 61 -* * com. 12% . West Michigan . 65 100 Preferred t c 59% 6% 14% % 28% 2% ———frU— 7% West Indies Sugar.) - 8% _ 72% * — Venezuela Merchants 41 1% 2% 15% 8 Preferred pref conv % Westvaco Chlorine. * 5% 5% conv pref. .30 2 Weyenberg shoe I 83 Weyerhaeuser Timb* Wheel Steel Corp .* 6 % Preferred--100 5% $5 conv prior pf.* V* 3% White Aircraft. 15% White Motor 1 White Sew Mach..l $4 conv pref 14% * 68 Prior pref ..20 151 Preferred 7% preferred—100 United Electric 12 Universal Pictures .1 Viking - 35% 43% 8% preferred- -100 15 39 6 4 Universal Cons OillO Vega Airplane. 6 6% 5% 56 5* si* Universal Cooler— Conv partic A * Class B_'_. ..* Universal Corp vtc.l 12% Unit Paper board 10 Preferred 100 Unit Piece Dye com* Preferred 100 7 * Venezuela Holding. 1 Venezuelan Petrol. 1 % 18% Nov. 29 I* 1 50 5 15% 17* 66% 117% 2% 50c. United Stove... 1 6% preferred 100 United Gigar-Whalen Stores com 10c $5 preferred * United Drill A Tool Class A.. ....* Class B.._.....* United Drug .5 United Dyewood.10 v 34% 42% 11% Common ..1 Conv preferred..* Victoria A Mfrs 5* 8§* 7 % non-cum pf.25 11* Coal Cos com...5 Un Eng A Fdy 5 United Fruit * 22% W* 116% * Ay* 42 117 61 3 20 70 66 U S Truck Lines. .1 United Stockyards— 61 United 61 U 8 Sugar Corp...* Preferred * U 8 Tobacco • 59 5 2% U 8 Steel Corp. • 7 % preferred—100 U S Stores— 16% 38 AM 113 17 13% 8% 2% 22 1 Tampax Inc Tappan Stove 1 1% 1 * 11% 24% 10% 4% * * 4% ...1 $2.50 pref- ^ 1 h* 12 H 25 drift com.....* . $4 40% Preferred. U SSm Ref AMin50 7 % preferred 50 Universal Prod 13 50 88 Air 2% 14 112 8% 1st pref .* West BoylstonMfg. 2% 10% 8% n-culstpf-100 U 8 Rubb Reel * Upson Co ..... 3% 1/' Taggart Corp _ 2% 7% 1 pref * 22 40% 6% preferred-..50 U 8 Realty A Imp. * U 8 Rubber 10 UhivMf-Tbb^".^ 9% 10% 9 X ix 11% Mfg.1% Preferred. 30% 1% 9% 1% Steel Corp..—..1 Lamp com 1 13 1 Universal-Cyclops — 40% 10% 16% /o w lJ* 8 com * 50 United Stores A $6 conv pref Per share Wells Fargo A Co..II Went worth .Preferred Preferred Conv 1st pref It* X Common U 8 Radiator Chemical * $3 part pref * United Cigar Stores— Swift w w 95c - 1 United Swan Finch Oil_._15 Commons 3% — 28% % Common slH 33 2 United Carbon.. * United-Carr Fast—* Sutherland Paper.10 Swallow Aircraft. dep ctfs of bear shs Sylvanla Industrial * Symington Gould- 1% 7% Trojan Oil A Gas of Twin Coach IV* 30 U S Postal Meter. -1 U 8 Print A Litho— United Wall Paper.2 7% conv pref. 100 3% Business Machine ...1 Swift & Co 25 Swift Internat Ltd— 4 1% Triplex Safe Glass.* Triumph Explos 2 United 1 Preferred .25 Sweets Co of Am.50 Sweets Steel 1 12% 7% 3% * Delaware 1 pref-20 conv 3% Par Wesson Oil A Snow- Common Un Artist Theatre.* Preferred 100 United Biscuit..__* Silk Mills class A Class B...... 14% 12% Picture Screen--1 Transue & Williams Steel Forging * Trans western Oil. 10 Transport 100 40 14% 3% Corp. Transcontinental & West Air Line 5 Trans Lux Daylight Trico Products S04 36 United Aircraft——6 Un Aircraft Prod..l com B 100 2 ...... 10% common...5 Superior Steel Transair P 2% Union Carb A Carb * Union Mfg 25 Union Oil of Calif.25 Union Premier Food * 6% cum pref—100 Sunray Drug 1 Sunray Oil 1 5%% conv pf— 50 Superheater Co * Superior Oil Corp.. 1 Superior Oil (Cal) 25 Superior Portland Cement A pref..* 14% W* 29 _ 1.25 preferred..* Studebaker Corp_-l Submarine Signal.25 Sullivan Macn'y Sundstrand Mach & Pump 5 Shipbuild..* Torrington Co * Corp common...* Union Bleachery 100 Struthers Wells Titus ville com. 64% $1.50 33% Corp— New common_50c Onderw Ell Fisher.* Unexcelled Mfg. 10 Union Bag A Paper 10 Strawb'ge A Clothier 6% preferred.. 100 7% preferred.. 100 Stromberg Carlson.* 6% preferred .100 Stroock (S) & Co..* Strouss Hlrshberg 4% 63% Toledo Series A pref Series B pref pref——25 Furn 4% Shipyards.._* Ulen A Co Stone A Webster. 1% See Investing Cos. Todd Udylite Corp .1 1.10 % $1.50 preferred..* Stix Baer A Fuller. 10 Conv 90c Tokhelm Oil Tank 80c di v conv 20th Cent Fox Film Common * Preferred ..25 Stewart-Warner. .-5 Stlnnes (Hugo)Corp5 10% 90% 11% 25% 150% 23% Tung-Sol 4% 2% 50 Trunz Pork Stores. * Truscon Steel 10 Stern Bros common 1 Preferred A— * Stetson (J B) ._* 112 18 147 23 * Trm-TraacX2m0^- Sterling Brewers...1 Sterling, Inc 1 $1.50 preferred..* Sterling Products. 10 Storkline U 8 Plywood Common 10% 89% 10% 23% Timken-Det Axle .10 Timkeu Roll Bear.* Timm Aircraft 1 Tishman Realty * Tobacco & Allied Stocks Inc See Investing Cos. Tob Prod Expts... * Tobacco Secur Ltd— Warrants 35 Dec 11 —Products com. .: 1 Btokely Bros Tide W Assn Oil—10 com 4% 30% A™ 17 4%% conv pref.* TIlo Hoofing com.. 1 Time Inc 19% 2% 36% U 8 Lines pref....* U 8 Pipe A Fdy—20 US Playing Card-10 30% 110% 2% —. Preferred Trane Co 39% Common v t C--1 .—5 Thompson (J R)—25 Thompson Prod—* $5 conv prior pf.* Thompson-Starrett * $3 % preferred * Towne Securities..* 9 40 38 125 18% 10 pref Thew Shovel 29 J* $1.40 conv pref.20 6% Stand Commercial Tobacco com. ...1 Standard Dredging Common.... 1 conv Bid Stocks Per share Par 28 1 Thermoid Co Ask Bid Stocks Per share Par 2 40 Ask Bid Stocks Per share 21% 3% 60% 18% 108% 2% Door common Youngstown Sheet A 19% 22 3 45% 46 5%% pref..100 Young (Thomas) 84 89 1 10 16 Tube Nurseries com 19 Zenith Radio ._* Zonite Products 1 "2% I New stock, -* x Ex-dividend. 2% 11 16% 2% 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 In 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. If a certain bond In our list matures from 1940 to 1951 and is quoted 0.50 to 3.00%—this would indicate that the earliest maturity yields 0.50% and the latter maturity is yielding 3.00%. v Therefore, in the following list, it must be remembered the word to indicates that the figures shown are the yield basis: all other figures are asked prices. Quotations for all securities are as near as . UNITED STATES—See also pa Treasury Bonds— 4Mb Oct 15 1947-1952. A&O 120 4s Dec 15 1944-1954...J&D 114.28 3 Mb Mar 15 1946-1956 M&S 114.23 3 H s June 15 1940-1943 J&D 102.14 3 Ha Mar 15 1941-1943 M&S 104.22 3 Ha June 151943rl947 J&D 109.21 3 Mb Aug 1 1941 —F&A 105.14 3 Ms Oct 15 1943-1945.A&0 109.27 3 Ms Apr 16 1944-1946-A&O 110.11 3 Ha June 15 1946-1949 J&D 3 Ha Dec 15 1949-1952 J&D 3s June 15 1946-1948. .J&D 3s Sept 16 1951-1955.-M&S 2Mb Mar 15 1955-1960 M&S 2 Ha Sept 15 1945-1947 M&S 2 Ha Mar 15 1948-1951 M&S ge — —- — 1 H% June 15 1941 1 M% Dec 15 1941... IH% Mar 151942 2% Sept 15 1942.. 1M% Dec 15 1942 1H% June 151943 1H% Dec 15 1943 1% Mar 15 1944 H% June 15 1944—.., 1% Sept 15 1944— Federal Farm Mtge Corp 3 Ha 1944-1964 —M&S — 110.13 3 Ms impt ref 1940-50—J&J b 1.50 3 Ms Imp ref 1942-1958 A&O 6 2.00 4s 1940-1961 A&O b 1.50 4 Ms 1940-1960— A&O b 1.50 5s sewers Sept 20 1941 M&S & 2.00 107.30 109.7 108.11 Florence refunding 1% to 4%. Gadsden 6% impt long mat— 5s schools 1940—.- -A&O Jefferson County— 4Mb Ot House 1940-43 M&N 4Mb Ref 1940-1961—A&O Mobile City— 107.13 106.24 106.19 104 4Mb 1940-1968— 105 4Mb to 3.50 % 100 40 6 4.50 6 3.50 6 1.50 6 1.50 79M Refunding 2-5s Jan. 1 1966- 5s School to 3.00 to 3.15 % % to 3.30 % to 3.30 % 1.50 % 43 4.25 % 3.00 % to 2.50 to 3.30 % % ta3-50[ % 105 May 1 1945 Montgomery— 5s funding 1940-1966.-J&J 4Ms Sanitary Sewer Jan 1*44 Montgomery Co 4Mb 1957-59 J&J Morgan Co 5s road 1952.F&A Selma (City) 5s-6s 1939-19552 Ms 1940-1952— J&J 6s Road 1951— 101.27 97 94 6 3.30 6 3.30 6 3.60 3.50 % 6 1.50 6 1.50 to 3.50 % to 3.10 % 102.15 102.19 102.20 102.26 103.31 104.1 105.14 105.16 104.19 104.21 102.23 102.25 J&J 6 2.50 6s ref pub impt '40-'53 M&N 6 2.50 Tuscaloosa Co 6s Bridge 1941 6 2.00 5s Road 1957 —M&S 6 3.30 Tuscaloosa (City)— 102.27 102.29 101.30 102 100.28 100.30 18:::::::::::::::::::: 6 3.75 102.3 4s Tuscaloosa— 5s W W 1940-1957 5 Ms 102.6 98 97 3.25 % 3.25 % serial ... 6 3.80 6 3.75 6 3.70 36 to 3.80 to 3.90 Commodity Credit Oorp— M % Aug 1 1941 1 1.50 3.25 % Federal Natl Mtge Assn— 2% notes May 16 '43 opt '39 1M% Jan 3 1944 opt 40— Reconstruction Finance Corp H% notes July 20 1941— H% Nov 1 1941 H% Jan 15 1942Is July 1 1942 TJ|S Housing Authority— 1H % notes Feb 1 1944 _ 3.70 3.65 3.60 39 to 3.75 2.50 3.50 2.00 to 3.75 3.75 2.00 3.50 Hot I 130 100 M 113 M 118M 117M 101 106 M 102 107 112 102 M 113 119 109M 127 Tax free in Connecticut, b 6 b b 2.80 1.00 2.50 2.60 2.80 1 100 M 95 M 98 M 2.20 to 2.80 1.00 to 3.35 to 3.30 Ms Jan 1 1940-1960—-— 6 1.00 *40-'49—F&A 6 1.00 Metropolitan Water -District - to 3.15 6 to 3.25 to 2.90 of Southern California—- Colorado River Waterworks Ref 4Mb 1948-1977-F&A Ref 3Ms 1978-1987.:F&A Ref4s 1946-1986—F&A Modesto Irrig Dist 6b ... Oakland 5M« 1940-1943-F&A 4M8 Mun Imp *40-'43-F&A 4Mb 1940-1965— F&A Oakland 8 D 4b 1940-44--J&J Orange Co 5s 1940-1945.M&S Flood Control District-- 6 2.80y 103 M to 3.45 6 2.60 to 3.45 % 104 M 0.40 to 1.25 5s 1940-1943——J2&J2 6 1.25 2s 1944-1951 J2&J2 6 1.40 f. 10 to 1.25 0.40 0.40 6 0.40 6 1.00 to 1.60 6 6 6 to 2.75, to 1.40 to 2.00 to 2.25 2?25 2Mb 1952-1953 J2&J2 2s 1954-1958——J2&J2 Pasadena 4s 1940-1942. J&J Redlands 5s 1940-1951 -J&J15 Ri versid» 5s 1940-1953 -J&D Riverside Co 5s '40-'54—M&N Sacramento 4s Jan 1940-1915 3s 1940-1968 —J&J Sacram'to Co 4Mb '40-46 J&D San Diego 5s W W '43-'54A&0 5s School 1940-1966—F&A 4 Ms Water 1940-1964 3 Ms g July 1,1940-44. - J&J San Francisco (City & County) 6 2.25 to 3.35 6 0.75 to 1.25 6 6 6 6 6 1.00 to 2.75 1.00 to 2.75 1.00 to 2.75 0.25 to 1.65 0.40 to 2.65 0.75 to 1.90 1.50 to 2.75 1.00 to 3.00 1.00 to 2.90 1.00 to 1.50 6 0.75 6 2.70 6 0.75 I to 2.90 1940-1977—J&J I to 3.00 4Mb Water *40-'63-J&D 2s 1940-1949----------J&J 6 0.75 San Joaquin Co 5s 40 49.J&J 6 0.75 Santa Barbara 5s '40-41 -JanlO 4Mb gold Aug 1943—-F&A Turlock Irrig Dist 6s——— to 2.80 2.85 to 2.25 to 2.50 1.00 1.50 4.10 page Gen opt 1944 3b warrants 1940-1951—-J&D 2Mb warrants 1952-'54—J&D 2s Highway ref, 1940-'47-J&D Colorado Springs-Ref 1Mb 1940-1943—M&S b 0.40 Denver (City and County)— 1.10 98 M 4Mb Water 1944-—-—J&J 6 4Mb Ref Wat 1940-67-J&D 6 0.40 3.65% March 1.1950^4 - 6 1.90 2Mb Sew dist 1947-56-A&O 6 1.30 less 2.00 3s1963-1972 opt 1955-A&0 3 Ms Mun Water Retire 1963-1972 opt 1955-A&0 6 2.00 2 Ms Sewer Disp *47-'56A&0 6 1.20 Moffat Tunnel Imp D— 1 less 1 5Ms 1955-1965. 6 3.75 less M CALIFORNIA Calif Toll Bridge AuthoritySan Fran-Oak 4s 1976-M&N 4s 1940-1964 Olympiad 1940-71 —J&J2 - - Nominal. 6 0.25 6 0.25 6 0.75* 1.00 to 2.20 to 2 to 2 1.80 to 2.00 1.90 1.90 to 1.85 Ms 1944-1963— 5 Ms 1947-1956 5 Ms 1964-1973 J&J 6 1.25 2.40 to 3 .00 J&J J&J 3.30 3.40 3.20 5b 1974-1983— 5 F&A 112M 1.50 .Ms 1940-1952 119M 1.50 4s Harb Imp 1985 opt '50. J&J J&J2 134 M 2.35 5s Jan 2 1941-1943 4s Jan 2 1944-1948 J&J2 3 Ms Jan 1 1940-1949 J&J 101M 114M 3.11 Veterans Welfare— 3s Feb 1940-1952 -F&A 119M 3.16 2Mb Feb 1 1940-1954-F&A 118M 3.15 2Mb Feb 1 1940-1954.F&A 101M 107 M 0.75 Alameda 4s 1940 to 1941-J&D 4Mb Mun Imp '40-'48-A&O 103 M 1.85 Bakersfield 5s 1940-1952.A&O 108M 1.75 Berkeley 5s 1942-1951— —J&J 5s School 1940-1955 J&J 115 3.00 103 M 0.75 East Bay Mun Util Dist—. 5s 1940-1974. J&J 115 2.30 121M 2.85 East Contra Costa IrrigDist6s 111 1.75 Golden Gate Bridge & H'way3 Ms series C 1942-1971 J&J 132M 3.35 Imperial Irrigation District— Refunding 6s 1983 J&J 2.70 % Refunding 5s 1983 Los Angeles (City)— 2.50 % da 1Q4ft-1QA9 2.40 % 2 Mb Wat Wks 1956-76 M&N 2.50 % 3 Mb Water wks 1952-19752.70 % to 1.00 2.20 4Mb Water 1962-1965-J&D 6 2.25 5 D No 1 4Mb 1940-53-J&J 6 0.40 to 1.90 S D No 1 4Mb 1940-47-J&D 6 0.40 to 1.50 4s July 1941-1945-——J&J 6 0.60 to 1.10 101 Springs 4Ms ,40-,50-M&S n 0.50 to 2.15 0.50 to 2.10 2.15 2.20 0.40 to 1,30 2Mb State H'way '40-'54_J&D 99 M 99 M 6 3.40 / Flat price, 94. COLORADO 95 M 108 M _M&N 6 1.25 to 3 4Mb Univ Bldg Jan5'40-65J&J 6 0.25 to 1 6 0.50 to 2 132M 2.20 4Mb Highway 1940-48.J&J30 F&A 6 0.25 to 2 138 M 2.25 4MB 1940-1947 107 M 1.00 102 M 0.35 118M 1.60 b Basis. to 3.00 ^ -Jan. 4s 1958-1960 4 Ms 111 118 ALABAMA 3Msrenewal class O 1956-J&J 4Msharborimpt June 1 *40-73 4Mb highways 1952 M&S 4Ms 1956 and 1959 M&S 4srenewal July 1. 1956—... % 103 M 0.85 103 M 2.00 110M 1.75 134 1 1 1.10 103 101H Honolulu (City & County)— 3 Ms Sept 15 1946 M&S 5s Dec 15 *55-'45 J&D 5s June 15 1955 J&D Philippine Government— 4s reg Dec 1 '46-'26_MJSD 4 Ms July 1&15 1952 J&J 4 Ms Oct 1 1959 A&O 5s Feb 1 1952 ...F&A 5s Apr 11955-35 ...A&O 5 Ms Aug 1 1941 F&A Puerto Rico (Govt of) J&J 2Ms Jan 1 1946 4s reg Jan 1 1944 _.J&J 4s reg Jan 1 1960 _.J&J 4Ms Jan 1 ,51-,41.._..J&J 4 Ms July 1 1947 J&J 4 Ms 7-1-56-59 1-1-56-J&J 5s July 1 '44-'43 J&J 5s July 1 1972 —J&J % 1 101M 101M 101M 101M 101M 100 M 4Ms Fund 1941-1950.M&N 103 4b water Rev 1940-76-F&A 6 3.25 Little Rock S D 4s *40-'55 M&S 6 3.25 St Francis Levee Dist— 6 2.75 4s 1944 101 116M 104 M to 3.10 4s Wat Distrlb Little Rock— 101.15 101.17 129 to 4.00 less % 1 101 101 101 100 - 3s Rose, Hemingway opt 1944 102.18 102.21 4Ms Nov 15 1956-— -M&N 4Ms Nov 15 1958 M&N 2.90 to 103 1940-1969----J&J 4Mb Water '57 *58. '59.J&J 99 M 3s 1949... 3s Attorney 101.3 106 M 102 M to ------ 6 2.20 5s Water 1 100 — 4M-4s 4M-4s 4 M""4S 101.2 101.4 J&D 101 5s 1968-1977 101.21 101.25 4Ms May 15 1942—.-M&N 4Ms Sept 15 '50-'40—M&S 4Ks Oct 15 '56-'46-__.A&0 1 to 3.75 less 3.50 3.00 101 5s 1961-1967 100.22 100.26 100 M 108 6 1.25 103 M 6 2.80 6 2.75 to 3.40 to 3.40 6 1.00 6 1.00 CANADA—See 100.17 100.19 101.10 101.12 .M&S .J&J J&J to 3.35 _ ARKANSAS Y ield. 3.00 5s 1943-1948 5s 1949-1953 INSULAR 3s Dec 1 1948 less 6s Jan 1 1946 J&J 5s W W 1940-1950 J&J Phoenix Un H S D 4 Ms 1948 Prescott 5s 1948 J&J Tucson 5s Water 1950. J&J 6 TERRITORIAL AND Hawaii (Territory)—• lMs Sept 1 1944 2.10s July 20 1942 2 Ms July 10 1954 3.25 Highway 6s Jan 15 serialiy. Oo Ct H'se 4s 1940-48 J&D Phoenix 4Mb '50 opt *30-J&J 4Ms 1940-1956— -J&J 112M 101.1 to 3.15 . 1975-J&D 6 1.25 J&D 6 par J&D 6 0.50 - 3.65 School No. 1 5s 1945—-J&J 107 % 101 101.2 1.00 , - Maricopa County— 5s 1954-1960 - 1% Nov 15 1941. to 3.30 3M 1940-54 3 Ms ser A 1940-1977-J&J 3 Ms ser B Jan 15 *77 J&J 3 Ms 1948-1958 J&D 2M 1955-79 J&D 2s 1940-1942 A&O 3s 1943-1949 A&O Los Angeles City High Sch Dig 5 MB Nov 1940-1960- -M&N 5s 1940-1964— F&A 4s 1940-1961 J&D % ARIZONA . to 3.30 ^ Tuscumbia refunding 1 %to4 % ser to 1.50 to 2.10 to 3.30 3 81M 107 4Mb 1940-1958——J&D 6 2.50 to 4.10 % Gen fund 4Ms 1941-66 J&D 105 102 M 112M 3 MsMay l'55opt'45--M&N 107 M 4s July 1 '46 opt '44-.—J&J 112M Ref 4s 1940 to 3 Ms 1940-1977 1.00 To Net to 3.90 1.00 1.00 6 6 6 Los Ang Co 4Mb 6-2,50. 1054s J&J 6 Ask M&8 6 1.00 1940-1969- 5s Municipal 1940-61—F&A 5 Ms Harb Imp '40-*61 M&N 3 Ms Sch Dist 1940-61 - - J&J Electric Plant Revenue-— _ — . ♦ LosAngeles (City) Concluded— 3M» Water 1940-1941-A&O 6 1.00 4Mb Water 1940-1970-A&O 6 1.00 4Mb Sch 1940-1944—J&D 6 1.20 2.30 Mobile Co— 107.27 G 1942-1944..-J&J 104.19 104.21 1 Ms ser M 1945-1947. -J&D 101.22 101.24 Ms May 15 1941 100.19 100.21 Ms May 15 1940 100.4 100.6 Federal Land Bank — Farm Loan Bonds 3s July 1 *55 opt *45.-.J&J 106 106 M 3s Jan 1 '56 opt '46 J&J 106 106 M 3s May 1*56 opt '46—M&N 106 106M „ 103 104 or Bid Bonds Birmingham— - 2Ms to 2.65 5s schools 1940-1947—J&J & 2.00 BessemerNew ref various coupons95 108.11 108.14 J&J 105.11 105.14 _M&N 108.7 108.10 2Ha 1942-1947-...--.M&S 105.2 105.5 Federal Home Loan Banks— 2s Dec 1 1940—— 101.18 101.22 2s Apr 11943---. 102.12 102.6 Home Owners' Loan Corp— 3s ser A1944-1952. _M&N 107.29 3s 1942-1947 3s 1944-1949- b 2.55 Bridge Auth. 4s July 1 1957- — 1 H% Mar 15 1941 to 2.50 State Bridge Corp 46 1940-1951 106.14 106.15 108.24 108.25 107.18 107.20 105.15 105.16 100.9 101.25 102.13 102.17 102.18 102.24 to 2.30 b 1.25 To Net Anniston— 102.31 2s Dec 15 1947— .-J&D 104.17 104.21 2s Dec 15 1948-50 J&D 103 103.2 3s Panama Canal 1961 Q-M 121 3s Conversions 1946 Q-J 112 3s Conversions 1947——Q-J U S Treasury Notes Ask refunding 1941-1954—J&J 3Hb refunding 1955-1965.J&J 4s 111.28 111.30 110.18 110.20 110.10 111.12 1054 102.3 or Bid Bonds 4M« 1942, 1946, 1949—M&S b 1.50 4s pub highway 1949-51.M&S b 2.40 19. 120.4 114.30 114.25 102.16 104.24 109.23 105.16 109.29 111.11 111.13 107.28 109.5 108.9 2 Ms June 151951-1954 J&D 107.11 2 Ha Sept 15 1956-1959 M&S 106.22 2Ha June 151958-1963 J&D 106.17 2Mb Dec 15 1969-1965 J&D 2Ha Dec 15 1945——J&D 2Mb Sept 15 1948: -M&S 2Mb Dec 15 1949-1953 J&D 2Ha Sept. 15 1950-52.M&S 2Ms Dec 15 1951-53—J&D Ask bid and Yield basis Yield Basis To Net or Bid Bonda . „ possible for the closing day of the month preceding the date of issus Yield Basis 1H% Mar 15 1940 1M% June 15 1940 1 H% Dec 15 1940 . „ 1 J&J 6 CONNECTICUT Funding and building bonds— % 1MB 1940-1943J&D 6 0.15 % 1Mb 1944rl958 J&D 6 1.10 2.65 Branford (T) 2s 1940-57-J&D 6 0.25 I to 1 % to 2 to 2 % 5s Refunding 1940-48—J&J 2Mb Refunding 1940-47 J&J 1Mb 1940-1948 J15&D15 Bristol 5Ms 1940-1957—J&D Cornwall 2s 1940-1956 —A&O 3.20 to 1.00 % to 1.75 to 2.25 Bridgeport— 6 1.50 6 0.25 to 3.00 0.25 to 2 0.25 to 2 0.25 0.65 0;40 0.40 1.00 0.40 to 2 % to 1 to 2 to 2 to 2 to 2 % % % % % % 6 0.50 6 0.25 to 2.00 6 0.25 to 1.75 6 0.50 6 0.25 to 2.25 tax'le-A&O 6 0.60 to 0.50 1Mb 1940-1958--A&O 6 0.25 (Town)— 4Mb School 1940-59—M&N 6 0.25 2s 1941-1965 F&A b 0.25 to 2.00 F&A 6 0.25 to 1.25 ^I^Ms^und 1941 Darien to 3.00 % 91 6 1.00 to 3.00 % Fairfield (County)— 1MB 1940-1954 1 Ms 1940-1953 50 2.00 to 2.25 to 2.25 ^ 1Mb 1940 to 1950—-—J&D 6 1MB 1910-1949—A15&015 6 Greenwich3s 1940-1944--F&A 6 1Mb 1940-1947———F&A16 Hartford— 53 M to East Hartford 1Mb 1940-19456 0.25 % to 1.75 0.25 to 1.50 1.40 0.15 to 0.15 to 1.20 0.15 to 1.50 I M&S!6 0.15 M&N 6 0.15 M&S 6 0.15 to 1.50 % 6 1.25 6 2.75 to 3 2s 1940-1959 to 3 6 2.75 to 3, 3 Ms Bridge 1954-1955-J&D ...... 4s Water 1940-1949...J&D 6 0.25 to 1.50 % Jan., 1940] AND STATE 93 BONDS MUNICIPAL Quotation* for all securities are as nea' as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis Bonds To or Bid Ask Hartford (School District) *4 Ms Northeast 1959-J&D ♦3 Ms South Sept 1955.M&S Hartford County— Metropolitan District 2 Ms Wat Sup '4077M&N b 0.15 2 Ms 1940-1978 J&J b 0.15 Manchester *4 M s 1940-44M&N b 0.15 2.00 1.75 to 2.50 to 2.50 to 1.25 Meriden 1 Ms 1940-1943—J&D b 0.25 Kb 1940-1944 M&N 6 0.15 Middlesex County— to 1.10 1Mb Bdge 1940-1955-M&N New Britain (Co)— to 1.50 6 0.15 F&A 6 0.20 2s 1940-1951 to 1.00 to 1.75 Bldg 1948—J&J School 1940-52-F&A 6 ♦4Kb 0.25" to l".90 New Haven— 4M» Imp 1940-1952__M&N 4 Ms Funding 1940-'48-J&D 1MB 1940-1948 J&D15 6 0.40 to 1.75 6 0.40 to 1.65 6 0.40 to 1.50 New London— - „ - - to 2.50 to 2.00 0.50 0.50 to 2.50 Certificates of deposit. Extl s f 7s 1957 3d ser.A&O 4 (City) Ma Sewer 19 3 Ms 1940-1971 A&O 3 Ms Sewer 1947-T0-J&D15 to 2.50 1.50 to 2.50 2s Incinerator 1940-59J&J 15 0.50 to 2.25 A&O 0.50 to 2.25 Norwalk (T) 4kb 1942..J&D Norwich 4kb 1940-1965.M&8 1.00 0.50 to 2.75 1H* 1940-1959 0.50 2kb 1940-1959 J2&J2 2s P I Fund 1940-1959.J&J 6 0.50 2s 1941-1954 M&S 6 0.75 2Mb 1940-1955 F&A 6 0.25 M&N 1910-1952 6 0.25 10 4s 1940-1941 4s 1942-1948 — — - to 2.00 5 f extl loan 4s 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 to 2.30 to 1.25 to 1.75 to 1.75 to 1.75 0.50 1.10 to 1.90 1.75 to 0.50 to to 1.75 1.25 1.85 1.80 to 1.90 82 M 82 M s 94 M 101 % Berlin 6Ms 1950 6s June 15 1958 A&O,/ J&D/ 11 19M Bogota (City) extl 8s *45. A&O 15 Certificates of deposit Extl s f 6 Mb 1947 A&O Extl s 22 M 35 30 35 II* to 2.10 1.75 to 2.10 14M Extls f 6Ms (1927) '57.A&O 14M Funding 5s 1931-1951. A&O 17 k Funding scrip / 30 Bremen (State) 7s 1935—M&S 14 6s 1940 —-M&S 10 0.25 to 2.10 . to 0.50 to 1.25 f 5s of 1957 S f 5s 1958 20-year s f 6s 1950 75 M&S F&A J&D 8 75 % 86 British 4% 1990 opt *60—-M&N War Loan 3 Ms of 1932 Victory 4s due 1976 Brit Hungarian Bk 7 kb 1962. 65 70 115 118 73 Buenos Aires (Prov)6s'61 M&S 6s stamped 1961 M&S 109 111 97 101 Duval Co Road 5s 1955.-A&O 6 3.10 Duval Co School District 2.90 No. 1 5s 1910-1955— A&O 6 1.00 Escambia Co 6s Aug 15 1951100 Gainesville 5Ms July 1940 6 2.00 5Mb July 1941-1975 6 2.50 to 3 .30 Hillsborough Co 5s Oct 1 1943 103 Hillsborough Sch Dist No 4— 107 JacksonvUle— 6s Jan 15 1940-45—J&J 15 6 1.50 5 Mb Jan 15 194(M5.J&J 15 6 1.75 Refunding 2.60s Jan 1 1957 99 A&O 7Ms stamped 1947 M&N 6Ms stamped 1961 F&A Scrip Readjust 4M-4Ms '77.M&S Ref 117 1.00 to 4.00 105 110 to 2.50 2.60 101 to Lakeland new refunding 76 Water & Light 6Ms 1940-50 6 2.00 6 2.00 5s July 1 1941-55 6 2.50 Marion Co Road 6s Feb 1 '52109 Road bonds 5s July 11952— 105 Miami— Refunding 5s Jan 1 1964 Miami Beach— Ref 3-4 M-6b Jan 1 1964 Orlando— 90 100 Orange County 5s 1944..J&J 6 3.35 103 3.20 J&J 6 4.00 3.80 M&S 6 3.75 to 4.10 6 2 00 5 MB 1945 1950 6s 1940-1950 to 4.20 4s 1961 Palm Beach (City of) 5s Pensacola 4Mb ref 1941— 1958 100 6 3.25 &J J&J 103 111 Pinellas Co ref highway 4s 98 Polk County 5s July 1 1940— 6 2.50 St Augustine ref 4s 1967 77 New refunding 3-5s 63 St Johns Co Road 5s 1946 104 _ _ 5 kb 104 1944 M&S St Petersburg— Refunding 3-5s Oct 1 1972 71 Suwanee Co Road 5 Ms 1946— 6 4.25 Tampa— 5s June 1955 opt *25 99 J&J 5s W W Purch '40-72.F&A 6 2.00 4Kb Impt 1937 Ref 4s 1943-1965 West Palm Beach 102 3.00 105 114 100 2.00 79 65 s f J&J II* ID* 1968.M&N 7Ms 1946 J&J Certificates of deposit 25 Oali(Oolombia)s f 7s '47.M&N Callao (Peru) 7 Ms 1944. -J&J 5M Carlsbad (City) s f 8s *54. J&J / Cauca Val (Dept of) Colombia Connecticut, 7 Ms 1946 A&O 14 15 M 15 M 18 4.00 100 4.00 102 105 101 5 Ms of '26 ext 1st 5 Ms of *26 ext 2d ser 74 74 1969 "72" ser 1969 ext 7s *45 M&N Duesseldorf 7s to 1945—M&S Dresden (Ger) Certificates of deposit Estonia (Rep of) 7s, 1967 J&J Finland (Repub) 6s '45.M&S 73 k 83 M 15 90 40 Frankfurt-on-Main (Germ)— 7s 1939 7s 1940 83 M A&O A&O IS* 7s 1941-1945 —A&O Extl s f 6 Ms 1953 M&N / French Government— , 7s ext of 1949 stamped-J&D 7s plain 1949 7 Ms ext 1941 stamped J&D "~9M "19M 107 M 105 M 101M 105 M ?Ms plain 1941— _ Funding 3s 1946. 58 k 20 18 M 35 iIk 15 M 25 12 1M 3 12 M 6s Oct coupon on 1960 A int ctfs 1938—A&015 Central Bank of Germany— 6s A 1952 F&A 6sserie8 B 1951 A&O Chilean Cons Municipal Loan f f f Cons munic 6s 1947 J German Govt Internat— 5 Ms loan of 1965 J Extl at 7b 1960 ser A.-M&S 7s assented 1960 M&S Chili (Rep) ext 7s 1942.M&N 7% assented 1942 Extl s f 6s 1960 A&O 6s assented 1960 Extls f 6s Feb 1961 —-F&A 6s assented Feb 1961 Extl s f 6s 6% assented 1963 Chili Mtge Bk 6 Ms *57 J&D31 6 Mb assented 1957 S f gu 6 Mb Jne 30*61. J&D31 6 Ms assented 1961 /Flat price, k Last sale, n Nominal, 12 K 12 8M 5K 12 7H 2 Scrip f German Prov & Comm Bka (Con Agr Loan)6Ms'58 J&D f 12 M f Graz(Mun) Austria Ss'54M&N J 11 Gt Brit & Ireland—See British Greek Govt s f 7s 1964—M&N f 23 K 7s part paid 1964 M&N f 14 34 Sink fund 6s 1968 F&A f 18 M 6s part paid 1968...F&A f 14 h Guatemala 8s 1948 M&N f 35 Haiti (Rep) 6s extl 1952.A&0 84 M 6s 1953. .A&O Hamburg (State of) Germany Gold 6s 1946 A&O 8h Hanover (City) Germany 7s'39 11M Hanover (Prov) Germany— 1st series 1957——F&A 6 Ms 2nd series 1949. --F&A 18 h 20 20 9 8 12M 9M 2% 25 13 20 M 16 45 90 13 9 uk 7 Heidelberg (Germ) 7Ms'50J&J Republic (Greek) Sec Wat Works 8s 1952 A&O / 30 Helsingfors (City) Finland— Extl s f 6Ms 1960 24 K A&O 20 10 M Hellenic 35 35 13 13 M 17 17 M 13 M Hungary (King) 7Ms '44-F&A / Ext at 4M% to 1979..F&A 17M 13 M 17 M 13 M 17 M 13 M 17 M 13 M 16M 12M 16 M 12M Irish Free State 5s 1960.M&N Italy (Kingd) extl 7s '51.J&D 10* 15 15 17 17 M 13 13 M 17 13 17 17 17 13 M&N f See Munich Bank Hungarian Cons Munic Loan s f g 7 Ms 1945 .J&J Extl s f 7s Sept 1946--J&J Hungarian Land Mtg Instit'n Mtg 7Ms 1961 ser A..M&N / 8 f 7 Ms 61 ser B($bds)M&N/ 13 6s assented 1962 Extl s f 6s 1963 - 17 h 30 Hessen. 13 1961 M&S 14 14* 12M 12M f 6s 9 13 k 104 German Conversion Offer— It Farm loan 6s 1960 J&J15 6s July coupon on 1960— Farm loan 6s I960—A&015 59 b Basis. 76M 76 M 92 M 13 6s assented Jan Extl s f 6s 1962 73 Administrations— 5 Ms of '22 ext 1961 2d series 1961 to 1945 M&N EI Salvador (Rep)—8s A 1948 15* 6s assented Sept. 1961 Extl Ryref 6s Jan 1961-J&J 107 74 Duisburg 7s 15 Sept. 1961. -M&S 107 57 J&J M&S Refunding 2-5s Tax free in Customs 7s unstamped 1949 6s Refunding 4s 1940-62.F&A 74 Bulgaria (Kingdom)— Ceara (Brazil) 8s 1947 J&D Cent Agricul Bank (Germany) 92 Trustrcts4Ms 1962 A&O 15 Dominican Rep 5Ms '42.M&8 2d Series 1942. f 99 3.75 58 1955 f 108 to 10 F&A 5Ms 58 Certificates of deposit sec 7s 1948 J&D Certificates of deposit... to 3.75 67 Ext'l I* Farm loan 7s 1950—M&Si5 1940-1950—M&N 6 2.00 Ref 4Mb n on-opt 1947-56— 6 3.00 New Smyrna— - 17 M 35 40 Extl 112 100M '• '75 55 M 38M — 1.50 to 3.60 97 M 5Ms 1952-1953 78 to 4.00 58 103 50 - 47 . £>6dn County 5s July 1 1940— 15M 56 M 56 M Sec s f 7s 1967 Stabil loan 7 Ms 75 17 f 4M-4M8 76—-F&A re-adj4M-4Ms 76A&O Caldas Ext 60 70 1955 1953 3H 81* 78 s 42 25 16 M&N M&N Ext re-adi 4M-4Ms'75M&N Extl s f 4s S bonds 1984.J&J Extl 45 F&A it 79 M 57 "35" M&N 5b 63 76 7s stamped 1952 100 99 . 6M 35 30 35 (Republic)— f 7s 1951 3 M 5 Bud'pest(City)6sJ'n'3ocoup'62 71 Special Tax Sch Dist No. 2 Ref 4s 1956-1967...M&N Ref 3 Mb 1940-1947 .-M&S 81M 71 M 80 M 32 40 5Ms Cust Adm 1940..A&O 2nd ser 5 Ms 1940— -A&O " 30-yr Rica sec s 5Ms 4 Brisbane (City) Australia— to 1.35 Gables— New refunding 2 M-5s 1977 Dade Co 5s Oct 1947-54.A&O * 20 M 35 24 A&O 40 Danzig Port & Wat Ways Bd Extl sf 6Ms 1952 J&J Denmark ext 6s 1942 J&J 20 26 M Brazil 8% ex 1941 J&D 7s Cent Ry elec 1952—J&D Extls f 6M» (1926) '57.A&0 17 "31" "52" 48 70M J&J Cundinamarca Dep (Colombia) Extl s f 6 Ms 1959 M&N Certificates of deposit Czechoslovak Republic— Ext s f 8s 1951 ser A.-A&O Ext s f 8s 1952 ser B—A&O Danish Cons Municipal Loan 28 3K 2M 2M 3K f 7s 1942 Extl g 4Mb '49 opt-„-F&A Extl 4 Ms 1977 -J&D Extl g 5s 1949 ...F&A - 22 24 J&J M&S f 7s 1969 ' 103 M 21 (Rep) Ext 8s '47 M&N 6s 1940 105 26 M Bogota (Mtge Bk) 7s May *47 Certificates of deposit 7s Oct 1947 A&O Certificates of deposit 1958 _ s Extl s f 5 Ms '53 J&J 15 —5 Ms Pu b Wks June30*45J&D '"38" 97 13 70 Funding 5s 1951. Costa Rica Pac Ry 7Mb 1949 5s 1949 —M&S Cuba (Rep) 5s 1944——M&S o 30 7 99 to 2.10 Coral Road — 11M Belg Govt extl 6M8 1949 M&S External s f 6s 1955 J&J Extl s f 7s 1955 J&D to 1.00 Columbia Co Road 6« 1955.. 5s 84 26 Bavarian Palatinate 7s '45 J&J Extl 7s ... 85 26 36 Barrauquilla 8s 1935-40-46-48 Bavaria (Ger'y) 6 Ms '45. F&A 0.25 FLORIDA 5s 80 K 85 Extl Ext q f 7s 1951 13 1!* 50" Costa 81 if* J&J Banrof Colombia 7s '47.A&O 7s 1948 ..A&O Baden extl _ - 54 M s 7s stamped 1937 Cordoba (Prov) Argentina— w- — .F&A 7s stamped 1957 Externals f 7s 1937.--M&N 80 0.25 0.25 Brevard County School Tax Districts No. 1 & 4 Refund f 7s 1957 16* 88 80 17 "20" (City)— Extl 79 M 79 M -A&O & 1.25 A&O b 0.25 A&C 6 0.50 5s 1947-1949 Cordoba Sf extl loan 4s Feb '72. F&A — Ask - 25* 53 - Bolivia & uk Certificates of deposit— 8s 1946 21* 15* 17 to 2.25 DELAWARE 2Kb April 1 1940-1947 6 2Ms April 1 1948-1957 6 6 April 1 1958-1966 highway 1940-1979. -J&J 6 tent Co 4Mb 1945-1950.M&S 6 New Castle Co— 6 Ms 1940-1944 J&J 6 Sussex Co 5s 1940-1970—J&J 6 4Ms 1910-1953 A&O 6 Wilmington— 4Mb Bldg Con '53-*62 M&S & 4Kb 1940-1958 (s-a).-A&0& 25* to 2.25 toT.50 J&J 6 0.25 25 69 4Kb Mar 15 1940-49..M&S 60.25" West Haven (School Dist)— *4 kb 1940-1956 M&N 6 0.25 J&D __ — , 15 94 to 2.20 2kb 1940-1953. 94 93 M 87 M 6 0.25 2s Relief 1940-1944..-M&N 6 0.50 West Hartford 4 Ms 1943 J&D Windham (Township)— 4s 1940-1952 35 66 K Ridgefield (High School)— 1Mb 1940-1963 J15&J b 0.50 to 2.25 Stamford (C) 4s 1942 M&N 2kb 1940-1961 ..M&N 6 0.50 to 2.25 Stamford (Town)— *4Kb Sch 1910-1965 M&N 6 0.25 to 2.25 1 Ms 1941-1950— A&O 6 0.50 to 1.75 Suffield 1 *ab 1940-1959;. J&J,frH.25 to:.2,00 Toffrpgtbn 2 Jis r940-'57 A&O 6 0,25 to 2.00 Waterbury— 5s Water 1940-1971 M&N 6 0.50 to 3.00 5s Funding 1940-1943.M&N 6. 0.50 to 1.25 4Kb Sewer 1940-1955.-J&J 6 0.25 to 2.30 3s Street 30 17 25 i;* u* 1962 7 Hukuang Rys 5s £„ J&D 15 / 12 2 M-5s 1954.. 11 Cologne Germ'y 6Mb'50-M&S Colombia Rep 6s 1961. -J&J Certificates of deposit 26 6s Oct 1961 A&O / 30 M Certificates of deposit / 26 Funding 4s Jan 1 1946/ 78 Colombia Mtge Bk— 20-yr s f 6 Ms 1947 A&C Certificates of deposit Sink fd 7s (of 1926) *46 M&N Certificates of deposit Sink fd 7s (of 1927) *47 F&A Certificates of deposit f 21 43 % Copenhagen 5s June 1 '52 J&D Extl g 4Kb 1953 M&N 41K 35 Antwerp (City) extl 5s '58 J&D Argentine Repub— 4 Ms s f extl loan 1948.M&N Extl s f conv 4Mb'71.M&N 0.75 , ' Certificates of deposit— s f 7s 1957 1st ser.A&O 15M / 11M J&D/ 14 M J&D / 13^ M&N / 6s stamped 1931 Chinese Government— 35 / 15 M / 11M 1961 6% notes 1931 25 11 Certificates of deposit— Extl s f 7s 1957 2d ser.A&O Norwalk Bid 1962 6s assented 35 "35" 10 Extl 6 0.50 6s assented 6s 30 11 Certificates of deposit— Extl 8 f 7s ser D 1945.-J&J 1MB 1940-1954 J&J Bonds Chili Mtge Bk (Concluded)— 8 f gu 6s 1961 A&O Vgricul Mtge Bk (Colombia) 6s 1947 F&A f 27 k 25 Certificates of deposit.— 27 6s 1948 A&O 25 Certificates of deposit— 26 M 7s 1946 A&O 25 Certificates of deposit. 26 M 7s 1947 J&J 25 Certificates of deposit Akershus (Dept of) 4s '68 M&S Anhalt 7s to 1946 M&S / 11 Antioquia Col (Dept of)— 10 Extl s f 7s ser A 1945—J&J 11 Certificates of deposit— 10 Extl s f 7s ser B 1945—J&J 11 Certificates of deposit— 10 Extl s f 7s ser O 1945. J&J 4Ms Water ret 1950—F&A J&D 6 0.50 2s 1940-1969 or Ask FOREIGN GOVERNMENTS AND CITIES .... 4s Munic Yield Basit or Bid Bonda Net 17 13 15M 11M 15 M 11M 17M 8 7% 7% 8 6M 6K 8M 8M if* *30 93 70 70M 24 25 Prestito Redimibile 3Ms Specified 19 21 Ital Credit Consortium for Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s'52J&J 68 M 52 75 Japanese Government— Sf 6 Ms 1954 79 80 60 61 57 K 58 51K 52 % unspecified .... F&A M&N Extl s f 5 Ms 1965 Oriental Dev Co 6s'53_M&S Orient Dev Co 5Ms'58M&N 54 94 STATE MUNICIPAL AND quotations for all securities are as near as possible for the closing Yield Basis Yield Basil To or Bid Bonds Foreign Govts, and Cities (ConeM Jugoslavia (Kingdom)funding s f 5s 1956—-M&N 2d ser funding 5s 1956 M&N State MtgeBk 7s 1957. A&O Leipzig (City of) 7s 1947F&A Lima (City) Peru—o ^ _ Eztl s f 6Ms 1958-—M&S Certificates of deposit Lower Aust (Prov)7Ms'5QJ&p Luneberg (City) 7s 1948.M&N Ask 30 21 19 9M 8% 8 f 12 11 Maranhao (State) Brazil— Ext s f 7s 1958-----M&N / Medellin (Munic) (Colombia) 7s extl Dec 11951J&D Certificates of deposit... f 9M 10M 9M —J&D I Certificates of deposit— f 12 25 15M 25 ■ 12 Mendoza U*ov) i^gentina— 97 7 Ms extl s f 1951 J&D StampedJ&D / 77 70 4s extl readj $ bds 1954-J&D 4 Ms (May * 14 coup on) 43 M&N Stamped assented.-—-— / 15 19 8% 8X V 7 14 J&D 14 11 Extl 7a 1962 aer B—M&N Silesia (Prov) Poland— Extl sf 7s 1958— J&D 11% 4X8 assented 1958 12 ^extwna^reacUust01979J- % Ontario (Prov) 6a '43—M&S15 5 Ms 1946— J&J 5s 1959 -.M&N 4Mb 1944... —.M&S 4Ms Jan 15. '40-'47_. J&J 15 4 Ms Jan '15 *48-'57-J&J 15 4 Ms 1940-1970—M&N 15 4s 1941 M&N 4s May 15.1940-43.M&N 15 4a May 15.1944-57.M&N 15 13 12 4s Debenture 3s 1950 Debenture 3s 1949 IX 1H 5s assented 1945-------4a of 1904-1954J&D 4s assented 1954—--J&D Extl 4s of 1910 (£20 pieces) £100 and £200pieces.... Treas 6% notes'23 extto 33 £20 pieces - - - - £100 and £200 pieces---- "I 1H IX IX IX 52X - 51' Milan(Italy)ext 6 Ms 52.A&0 Minas Geraes (State) Brazil Extl 6Ms 1958—-—M&g Extl 6 Ms 1959 ser A—M&S 8 8 , .... Montevidea.(Cits)' Extl s 9 l&Hh 35 f 6s 1959 39 57 M 20 "52"' 3 Ms 42 M 53 St 4MB extl sk fd 74 91 92 X 91 W* 75 76 73 72 80 17M 80 „ 106 % II* IP 50 4Ms assented 1968 A&O External 8s 1950-.- —J&Jf 4%b assented 1963 J&J Dollar funding 3s 1956-A&O / Porto Alegre (City) Brazil— Sinking fund 8s 1961—J&D / S f 40-yr 7Ms 1966—-J&J/ 7s 1968F&A / Prov Bank (Westphalia) 6s *33 / 9 9% 6M 9% 9X 9X 7% 7% 9% 9% 9% 6% ""9% 12% .... 8% 6% 6% II 5 6s 1936—5s 1941-- / / - 7% 7% 6X 11% "7% 13 10 8 Prague (Greater) City—__ 7Ms loan of 1932-52..M&N / Prussia 6Ms 1951—M&S IS jr 6s 1952 A&O/ Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 Bio de Janeiro 8s 1946---A&O / Extl s f 6Xb 1953 F&A / «Hsl959 / a.moo v 6s 1933 / Bio Grande Do Sul (State) Brazil ext a f 8s 1946—A&O 7s extl s f 1966 M&N Extl a f 7s 1967 —J&D Extl a f 6s 1968 -J&D Rome extl a f 6Ms 1952..A&O - Roumania 10% 1X 11^ 97 X 90^ F&A/ paid— ' 1919... 5M% ext loan Da~ 1921 Saarbracken (Ol cy) Uertr «*uy Extl a f 6s 1953 —-J&J, U&S / (Mtge Bk) 6s ser 4 8 7X 7X 6 c 8X m 7% 7% 60 X 6 Ys 6s series B 1947—-A&O Salvador 7s 1957—.——J&J Certificates 8* depositis scrip 8a 1948 ... _ 8a ctfa of deposit 1948— Santa Catharina (Brazil)— I* 61 f Flat price, 9% X % 7 li 22 10 10 8X I* 8% 17 14M 8s 1947F&A San Paulo (Brazil) State of— 8% external loan 1936.J&J Extl 8s 1950-—J&J Extl 7a 1956---M&S Extl s f 6a of 1928.1968 J&J Sec a f 7a 1940———A&O Santa Fe (City) Arg Rep extl 7a 1945..— A&O 4a 1945 stamped A&O Santa Fe (Prov) 7s 1942.M&S is Stamped 1942 Bantander (Dept) Colombia Extl a f 7s 1948 A&O / 80 89 93 88% 79% 93 M 78M 81 54 54 52 52 52 52 51 51 51 51 51 50 95 95 92 83% 101% 83 ! 87% 87 88 107M 56 56 54 54 54 54 53 53 53 53 53 52 97 97 97 70 70 80 93 75 75 75 90 90 100 Hamilton— 4s Elec L & P1941. A&O Lachine P Q 5s 1954—J&D 79 83 84 Manitoba (Province of)— Debenture 6s 1947 A&O 79 5 Ms 1942 S Fdeb 5 Ms 5s 1943 5s 1944— 5s 1959 M&S 1958—J&J — J&D -J&D J&D 4Mb 1945——M&N 4Ms 1951 F&A 4 Ms 1956— —J&D 4s 1957— -J&D 3Mss fdeb 1949 -F&A Montreal 5s Dec 1, 1945-J&D 5s a f Nov 1. 1956.—M&N 4Ms May. 1954— 4Mb Jan, 1944.-— J&J 4 Ms 1940-1951——A&O 15 4Mb June 1. 1971 J&D 4s May 1.1944 M&N Metrop Co 4 Ms *53:54&'61 4Ms May 1. 1965—M&N Harbor Commissioners— 5s Nov 1. 1969—M&N - "16 8 f deb 5 Ms 8 f deb 5 Ms M&N J&J J&J M&S 4Mb 1960 A&O 4Ms non call 1958-M&N 15 Debenture 5a 1960 4Mb 1955 14 m 1950— 1952— 8H 4Mb s f Apr 15.1961 A&015 8 f deb 3 Ma 24 3Ms s 1948——A&O f deb 1946— -J&J J&J 5-yr 3% debs July 1 1944.. 10-yr 3 M % debs July 1 1949 3s 69 69% 92 96 74 75 20X 22 n s f deb 1941— 85 83 90 77. 83 81 83 77 81 87 80 85 78 78 74 74 71 70 82 8781 81 88 75 75 85 89 84 84 76 75 75 78 78 80 81 81 107 108 85 85 96 89 93 93 92 92 78 78 80 89 88 North Vancouver 5s '60..J&J / 20 Nova Scotia (Province)— Deb 5s I960 M&S 101 Det> 4Mb Sept 15*52 M&S15 96 % Deb 4Mb 1960 96 M&N 15 Nominal. J&D 5s 5s 5s 6s 103 103 75 74 79 77 76 76 79 95 100 97 M 72 71 70 63 63 60 J&J2 Mar"l5"l966rr.'.'M&S 1940 1945 1950 Jan 90 75 73 74 66 66 63 104 im 100 85 85 90 94 90 93 97 93 89 92 .. Boise City 4Mb 1951 J&J Boise City Ind Sch Dist No. 1 98 102 M & 1941 var........ & 1946 var...— & 1951 var— 6s Oct 1 1940-1944... 79 125 99 M to 4.00 % J01 15 1970—.J&J14 87 82 4Mb 1942 and 1967—F&A Verdun deb 5s 1954 80 94 Winnipeg. Man 5s 1944..A&O 4 Ms non-call 1944-.M&N 90 4Ms June 1 1946 85 J&D 85 4M8 June 15 1950—J&D15 4s Aug 1 1946. —..F&A15 85 GEOBGIA 4 Ms ref 1940-1945— J&J 6 1.00 Albany 5s 1945 J&D 6 2.50 Appling County— Road 5s 1949-1953. 6 3.50 6 2.20 Athens 4Ms June 30 1943 Atlanta 4 Ms Jan 1 1940—J&J 6 1.25 5s Water 1940-1951 J&J 6 1.25 4Ms 1940-1956 —J&J 6 1.25 Ref 2 Ms 1940-1967—-J&D 6 1.25 Augusta 4Mb Flood '42-M&N 6 2.10 Bibb Co 4Mb 1948-49—M&Nt6 2.30 Chatham County Road 4Ms 1940-1949-F&A'6 1.25 Clarke Co 5s 1940-1944—J&J 6 1.25 Columbus 5e 1940-1944.—J&J 6 1.25 Crisp Co 5a '40-'57 F&A 6 3.00 Dougherty Co 5s *40-'48 M&S 6 1.00 Muscogee County Road 4 Ms 1940-1956.. A&O 6 1.25 Pulaski Co 5s 1940-1948—J&J 6 1.50 Savannah 4Msref 1943—J&J 6 1.50 4Ms Drainage 1944—.F&A 6 2.00 4Ms Refunding 1959-F&A 6 2.50 2Ms 1943-1967 J&D15 6 1.50 Spalding Co 5s 1940-'49—J&J 6 1.25 Swainsboro 6s 1940-50—A&O 6 2.50 Valdosta 5s 1940-1942. Jan 6 1.25 Ware Co 5s Road 1940-49 J&J 6 1.25 Woodbury 6a 1940-1949.J&D 100 IDAHO 4Mb ref 1940-1945 A&O 6 1.00 4s ref Jan 31 1940-1941 Amer Falls Reservoir Dist— _ 106 110 105 90 92 90 98 94 89 88 88 to 2.00 2.25 to 3.75 2» to 2.25 to 2.25 to 2.25 2.00 2.25 to 2.25 to 2.20 to 2.10 to 3.25 to 2.75 to 2.25 to 2.60 1.25 1.75 2.25 to 2.25 to 2.50 to 3.00 to 1.50 to 2.50 to 90 80 89 99 95 95 94 94 82 82 85 92 91 104 99 99M 4Ms June 30 1940-1954 ILLINOIS 4Mb Serv Comp *40-*43.Aug 1 4Ms Serv Comp '40-*43.Aug 1 4 Ms Serv Comp '40-'44_Aug 1 4s Highway 1940-1943 .May 1 4s Highway 1945-1954—M&S 4a Highway 1955-1958—M&N 3 Ms Emerg Rel '40-'47 Dec 15 3 Ms Emerg Ref '48-*54 Dec 15 Bloomington— 4 Ms Water 1940-1961 opt 1952 M&S to 1.50 to 3.00 6 1.50 to 2.50 % .50 6 0.25 to 0.80 6 0.25 6 0.25 to 0.85 6 0.15 to 0.80 6 1.10 to 1.70 6 1.75 to 1.85 6 0.30 6 1.40 to 1.30 6 1.50 to 2.60 to 1.00 to 1.75 1.35 6 0.50 to to 1.85 6 0.50 to 1.00 6 1.90 to 2.10 - 4s 1949-1950 4 Ms 1954 Board 1 2.25 3s ctfs Aug 11954 2Msctfs Feb 15 1958-59 3 Ms 1952 opt 1945 3 Ms 1953 opt 1946. 3 Ms 1955 opt 1951 — 4a 1941-1944 4s 1945-1948 % to 1.25 % 6 1.50 3s 1957 opt 1941-1942... 3s 1956 opt 1945-1949 Water Works System— f!00 6 2.50 Champaign County— ' 5s Road 1940-1943—M&N 6 0.75 Chicago— 3s 1941-1944 3s 1945-1948.. 1 105 — 87 New Brunswick— 1% k Last tale 88 M 88 M 77 74 74 90 70 9 7X 23% 68 82% 82% 96% 76% 76% 70% 93 7% 13 80 80 96 X 85 M 106 H 103 100 101 101 J&D M&N 4Mb 1940-1945———A&O 4Ms 1946-1961-i.—...A&O 4s £ July 1 1948—. J&J 3 Ms July 1 1944 J&J Vancouver. (B C)— 5Ms 1952 F&A 80 96 % 90 6% 8% Apr 25. 1954—A&O 25 4Ms 1940-1946—J&D 29 4Ms 1947-1956 J&D 29 4 Ms s f deb Jan 23 '69 J&J23 Calgary 5s July 1,1945.—J&J Edmonton (C) 5s *45&'50A&0 5ssf 1955 & 1960 A&O Halifax N S 4s July. 1945— 5s Jan, 1951 J&J lH 7X .. b Basis, \i" 99% 90 M (Monopolies) Institute its 1969 Feb 1937 coupon Russian 6Ms June 18 Jan 15.1957——J&J July 16, 1958 J&J Apr 1, 1961 A&O June 1, 1967— J&D Debenture 4s 1954 J&D Brit Col (Prov) 5s *48—J&J 15 4Mb 4Mb 4Ms 4Ms 89 5s 1940-1950———J&J As 1950-1959 —J&D 78 78 96 X 85 84 A&O 85 85 103 4s Nov 15 1957 M&N15 Toronto 6s 1940--.— J&J 80 Refunding 4Hs 1944.A&O 5s Nov 15 1941——M&N Refunding 5s 1943 A&O 5s May 1952 M&N Alberta (Prov of)— Gold 5 Ms 1947. J&J Gold 5 Ms 1952 A&O 5s ^ • 4Mb ..... 81 4Ms Jan 15. 1942 Deb 4 Ms 1956 f deb 1952 4Ms July 2 1945. 78 81 101 J&J A&O 15 A&O J&J 15 87 80 50 59 M M&S Gold 5s 1948 5a 1950 Gold 5s 1959 84 84 1943 (non-call) J&D15 5s 1959 (non-call)....M&N 58% 1% notes 1941— M&S 1 %s 1942 M&N 2s 6-year 1944 J&D 2%a Jan 15 1944 J&J 8-yr 2%s 1943 J&D 7-yr 2^s 1944 M&N 10-yr 2Xa 1945 F&A 20-yr 3s 1955 —.J&D 3s 20-year 1958.J&D 3s perpetual ...M&S 3s Jan 15 1967 J&J 30-yr 3s Nov 15 1968.M&N 14-yr 3Ms 1951 M&N 25-yr 3Xb 1961 opt *56 J&J 15-yr 3 Xb, 1949 —A&O 20 yr 4s 1952 —A&O 30-yr4s i960 A&O 15-yr 4Xb 1940 80 80 83 5s CANADA 80 102M 103 M 103 M 102 102 99 99 4Mb 1956 J&D 3s serial July 15 1940-1959— 6 2.00 Quebec City— 5a 8 F (non-call) 1960.M&N 87 Saskatchewan (Province)— Dominion of Canada— Panama (City) 6 Ms 1952. —40 Panama (Rep)ext5"^s 53 J&D fl 02% M&N 70 Extl s r 5s 1963..--. Poland (Repof) 6sl940—A&O / 4%b assented 1958—A&O Stabilization s f 7s 1947 A&O / 47% (American Dollar Quotations) Guar s f 5s 1970------J&D 75* Nuremburg extl 6s 1952-F&A / Oldenburg (Free State) 7s 1945 / 11 Oriental Devel—See Jap Govt 71 Oslo s f extl 4Kb 1955—-A&O Parana (State) Brazil 7s 1958Pernambuco (State ofj Brazil Extl s f 7s 1947——-M&S / Peru sec s f 7s 1959-- --M&S / Nat Loan extl 6s 1960-J&D f Extl s f 6s 1961. —A&O f 45 X n 71 ------- 43M Wurtemberg 7s to 1945-M&N / If 58 50 s 4Mb 1961— ^. 1965—A&O 1963——F&A Norway Municipalities Bank Sk fd extl 4s Stamped 5% scrip external conversion 197941 % 3%-4%-4 5-16% extl Oonv s f of '37 1978. J&D 44 M 4-4X-4%% extl readj a f bonds of 1937-78 F&A 47 X 3Ms extl re-adj 1984—J&J 37% Conversion scrip / 35 Venetian Prov Mtge Bank— S f 7s 1952 ser A—A&O 45 X Vienna (O) extl 6s '52—M&N / 8 Warsaw (City) 7s 1958--F&A / 6% . . 90 104 97 M&N 4Mb 1940-1944 J&J 4 Ms 1943-1960 —J&J Quebec (Province)— 8-yr 2 Ma 1944 M&N 15-yr 3s 1951 M&N 3 Ms 1949 —J&J 8 F 4Ms 1946 Yokohama extl 6s 1961.-J&D 108 J&D -F&A Ottawa City 5s *40 *45...J&J 6a Munic Imp '40-'50._J&J 5s July 1. 1940-1956—J&J 44 H 43* 4Hs assented 1958——F&A 5% Warsaw (Land M Bk) 8s 1941 / 5 Wcstpl^iarrraee-pE0Y.Bank..r ==~ 54 Scrip.-—— Mtge Bank of Denmark— Exch s f 5s 1972 ser IX J&D Municipal Bank— ■ Hessen 7s to 1945-—-F&A/ National Bank of Panama— 4s ser A & B 1946-1947—- / 4s ser O & D 1948-1949 / New South Wales (Australia)5s extl s f 1957-— Extl s f 5s 1958-——-A&O Met Wat Serv & Dr Board S f 5Ma 1950 A&O Norway 6s 1943-.-F&A External s f 6s 1944—F&A 4 Ms extl sk fd 1956—M&S 100 100 97 To Net 107M F&A - 4Mb Jan 1,1970—.J&J 2 ^ 88 84 Z%-4r4%% ($ bds of 1937) 1045.. 100M 101M 101M Ask Hydro Elec Pow Com— / 12 - 107 87 106 ' 102 M May 15.1958-68.M&N 15 2s 1940 2 Ms 1944- „ F&A Bid Bonds 5 J&D Sllesian Landowners Assn— 1st mtge s f 6s 1947 -F&A Sydney (City) N S W— 25-yr s f 5Ms 1955 Tokyo (City of)— or Net 5 5s of 1912-19527. M&S 38% Extl 8 f 5 Ms 1961 A&O 56 Tolima (Dept of) 7s '47-M&N / 18M Uruguay 8s ext 1946 F&A / 52% Extl a f 6s 1960-M&N / 49H Extl a f 6s 1964... M&N / 49M 3 75 Metrop "Water Service— See New South Wales. Mexican Irrigation s f gtd . Oollsf 6s 1947.— M&S ierba Croats & Slov (King of) Extl 8s 1962. —M&N „ iw* 6Ms 1954 s Sink fund 6 Ms 1946 / / f Ask i m 8 f 6 %b 1957.M&N 15 sec 6s 1943——M&N Saxon State Mtge Institution Sink fund 7a 1945— J&D 23 / 14 / 12 M Extl Extl Yield Basis To or Bid Bonds Net Sao Paulo Brazil 8s 1952 M&N 26 BONDS day of the month preceding the date of issue 2.40 1.60 1.80 2.15 6 0.50 6 1.50 to 1.35 6 1.95 to 2.05 to 1.85 I i °.3Q of.Educatlon— 3s 1957 opt 1941-1943 6 3s 1957 opt 1945-1947..... 6 3 Ms 1955 opt 1946 0.75 1.80 to 1.25 to 2.10 L80 1.40 4 Ms 1954 opt 1944.... Chicago Park District— 3 Ms 1956 opt 1946. 4s 1955 opt 1940-'44 4s 1955 opt 1945-*47 4s 1955 opt 1948-'55—- — 1.90 6 0.25 to 1.60 % 6 1.80 to2.io;% 6 2.15 to 2.40,% Jan., 1940] MUNICIPAL AND STATE To or Sanitary Refunding 244s 1940-'41-F&A b 0.50 b 2.15 to 2.40 State b 0.75 to 1.60 b 1.80 to 2.10 6 2.15 to 2.40 to 1.25 to 2.10 to 2.30 State Highway— to 1.60 2.10 2.00 to 2.60 2.60 to 2.70 2Ms Dec 1 1940-1947 1.50 to 3.20 2Ms 1.75 2.15 to 3.15 to 2.25 4s ser V 1943-1955 3 Ha series S 1958-1960.J&J 3 Ms ser V 1950-1961..-J&J 3-3 M s June 15 1943-1962..: 102 102 to 2.10 % INDIANA 6 1.00 to 1.75 to if. 65 % 2.10 So Bend 4Ha W W '43.M&N 5Ms h5 2.15 1.50 1941 to 2.90 1.50 6 0.25 6 2.50 to 0.75 to 2.75 less M 6 0.75 4 Ha 1940— 4Ms 1940-1941 Des Moines 5s 1940*57 M&N M&N J&J 4Hs W W 1940-42...J&D 6s Gen Oblia 1940 J&J 6 0.25 less 6 0.25 6 0.50 to 0.50 6 0.50 6 1.75 0s Ref Aug 15 1940..F&A15 4Ha Sewer 1940-47._M&N 2Ha 1940-1956... J&J Sioux City S D 5s 1941..J&J -Woodb'y Co Fund 2Ms'42-'40 H Kansas 4 Ha Wat & Light 4Ha less to H less to 1.80 J&J 6 1,85 F&A toJ..90 Bowling Green—5s 1955.J&J Covington 4Ha '40-'50—A&O 102 102 101 100 M 101M 102 104 102 104 . to 3.30 to 3.30 % % to to % 2.10 % 2.10 % to 1.75 % 1.35 % % 0.40 to 1.50 to 1.50 to 1.70 to % % % 1.90 % % 102 101 101 1943.M&S F&A b 4.10 4.00 0.50 to 3.00 to 2.70 to 3.30 Tensas Basin Levee District— 5s Jan 1957 J&J b 3.80 3.70 MAINE H'way & Bdge '40-'54_ A&O 4s Sept 1. 1940-1953 M&S 4s Highw & Bdge '40-44 M&N 4s State Pier 1940-1942..M&S 3 Ms 1940-1951 M&S b 0.75 b 0.75 to 2.50 ft 1.50 to 1.90 6 0.75 6 0.75 to 102 3.75 3.90 3.90 tax-ex.J&D 6 2.50 Belfast 4Mb Ref *40-'50 M&N 6 3.50 Brewer High Sch Dist— 4Ms 1940-1945 M&N 6 1.00 Kennebec Water District— 4s Ref May 1, 1950..M&N 6 2.00 Old Town Water District— 3.60 2.80 1 3.90 % 102 Certificates of indebtedness— 3s 1940-1950 A&O 2 Ms 1940-1951 A&O 2Ms June & Aug 15 '40-'52_ 2s 1941-1953 F15&A lMs 1941-1953 F&A 15 lMs 1942-1954 F&A 15 Annapolis 4Mb W W '42.A&O 1940-1901 58 Gen Imp 1943-45 to 2.25 1 to 2.30 % 2.00 % 3.25 % to 2.70 to 3.00 2.40 5a Water 1961 5s registered 1940 3.00 % % to 2.50 to to % 3.00 % 2.80 % 2.40 4s Mar M&S 6 1.75 1.50 4s M&S 6 2.00 F&A 6 2.50 J&J 6 2.50 1.80 2.40 4s Regis'd stk 1940-57 M&N 4s 1940-1944 A&O 4* 1950-1975 M&S 3 Mb March 1945 M&S 0.85 4.00 M&N to 1.40 % to 1.50 0.50 to 1.50 0.50 to 0.60 % 1.50 % to 1.50 % to 1.25 to 1.60 to 1.35 % I I I to 2.25 % to 1.40 % to 0.601 % to 2.25 % % 1.50,% 2.50 % 2.25 % to 1.50 1.60 to 2.00, % 1.60,% 2.00 1.90,% 2.10 2.15 2.00 % 2.05 % 1.20 to 2.20 % 1.50 0.25 2.00 to to 2.25 % to 6 6 6 6 6 6 0.60 0.25 0.25 0.25 0.25 0.30 M&N 6 0.40 A&O 6 0.25 to 2.00 1.60j% to 2.75 % % % 0.50 % to 2.00 to 1.90 to to 2.00 % to 1.60 % to 0.75 % % % to 1.60 to 2.00 to 2.25 2.50 A&O 6 0.30 Ref lMs 1940-1949...A&O 6 0.20 Quincy 2Ms 1940^17—A&O 6 0.20 to 1.90 to 2.10 to 1.25 to 2.25 % % % to 1.75 % to 1.6) % to 2.00 to 1.00 to 1.50 to 1.50 I 1 to 1.55 % M&N 6 0.20 to 1.50 to 2.00 2s 1940-1949. M&S.6 0.20 Somer ville— 3 Ms School 1940-1954.J&J!6 0.20 1 Ms Relief 1940-1946.A&0.6 0.20 J&j!& 0,20 .M&S 6 0.20 M&S 6 0.20 A&O 6 0.20 2.00 % to 1.10 % to 2.20 % il.00 3Ms Refunding 1952...J&J 1.60 1.50 % 3 Ms Sewage Impt 2.45 2.30 % I I to 1.60 Reading 1 Ms 1940-58 M&N15 6 0.2"! Salem 1 Ms 1940-1948...M&N 6 0.20 lMs 1940-1949 Springfield— I 3 Ms Water 1940-1960.J&D 6 2s sewage disp 1940-68M&N 6 lMs Relief 1940-1946.A&O 6 2s 1940-1949 ...M&S 6 % to 1.75 % J&J Northampton I Ms '40-59 F&A 6 0.25 Pittsfield 4s 1940-1944...J&D 6 0.25 2Ms Dec 1 1940-1955—J&D 6 0.20 2s 1940-1944 % 1.75'% 6 0.40 % to 1.20 % to 2.501% to 1.80 to 1.10 % to 1.60 % to 1.60 0.25 0.15 to 2.00 0.15 to 1.25 0.15 to 1.50 to 1.75 lMs relief 1940-48...M&N 6 0.15 lMs 1940-1949 A&0(6 0.15 to 1.50 % to 2.00 Waltham 2.50 0.40 1.75 to 0.60 to 2.00 6 0.40 1940-1949... A&O 6 0.30 1940-1944 A&O 6 0.30 Newton 2Ms 1940-1969..A&O 6 0.15 N'th Adams 1 Ms 1940-49M&N 6 0.25 1940-1949. to to % % % 2s lMs to 2s 1940-1948.-J&D 6 0.50 Watertown— | 1.50 3.80 3.90 % 1940-1953 1940-1949. 2 Ms 1940-1949.. to 1.50 0.50 '80.A&O 2Ms New Bedford 4s 1957 2Ms 1940-1969 0.25 0.25 0.25 M&S 6 2.50 1. 1901 1945-1971 to 1.50 to 1.50 A 2.00 % 2.00 to 1.40 4s 1 §40-1970.-A&O 6 4.15 to 2.20 6 2.25 1.10 1.90 344s Ref 1943 J&J 6 1.10 3s Sew & Park 1941 J&J 6 0.70 Owens bo ro 5s Sewer.....J&D 6 3.90 Paducah— to 2.30 % M&S ...A&O 2.40 1955 4 to 0.50 6 0.50 6 0.50 1 Ms to 2.50 2.40 2.40 6 0^30 Medford— 3 Ms 1940-1942 tax-ex M&N 6 0.25 2s 1940-1947 J&J 6 0.25 2s 1940-1953 F&A 6 0.25 Methuen (relief and sewer)— 2Ms 1940-1947 2.30 % 0.40 6 2.50 Parks . Holyoke 4s 1940-1950—.A&O 2s G & E 1940-1947 A&O Lawrence (wat h'way & b'dge) 2Ms 1940-1958 J&D Lowell 2 Ms 1940-1947 J&J Lunenburg Water District— 2Ms 1942-1969 A&O Lynn 4s Sewer 1940-'56..M&N 1 Ms 1940-1954 M&N Is 1940-1941 A&O Maiden 2 Ms 1940-1958—F&A Ref i Ms 1940-1949—M&N lMs to A&O 6 2.50 to 2.30 Baltimore— 6 2.10 / Flat price. % 1.75 % MARYLAND 3.50 % 3.60 % 3.60 % 4Mb Mar 1. 1940-'55—M&S 4s Aug 1. 1951 F&A 4b Annex 1954........ J&D HWr-'fift.J&.l 6 4.00 % 2.30 % 3.25 48 C H '40 '45 tax ex..A&O 6 0 75 Portland Bridge District— 3 Ms July 1. 1940-1947— 6 0.75 Portland Water District— 5s 4Ha Hospital 1951...M&S 'Ms Ref 1905 J&D [s lan 1 1970 F&J Sewer 1969 J&A Sewer 1947 F&A Lou W Co 1950—F&A to J&J Portland Sewer Dist— 4s 1940-1950 M&N 6 1.00 Waterville 4 Ms 1940-50 6 2.00 Westbrook 4M« 1940-1948 6 1.00 102M 10244 10244 J&D 6 0.30 1% relief 1940-43—M&N15 & 0.20 lMs water 1910-58 M&N 6 0.20 Haverhill 1 Ms 1940-1951 J&D 6 0.50 2.75 South 102 2.25, 2.10 3.00 3.30 b 3.00 Funding 1948.—_J&D 2Mb W&ter May 1 1953— 103 to to 2.00 A&O b 3.40 4s 103 to to 2.25 Framingham— Portland— to 1.30 to 2.50 to 0.60 2.75 M&N b 2.85 1952-1958 to 2.59 6 0.25 4.00 District— 0.50 July to 1.50 to 2.25 __M&S jL?as ivtmer l y 1M^ Relief 1940-1948..J&D J <&JL» — <§1:1of#**1 6 0.25 6 0.25 4.10 . 0.50 4s lMs 1940-1959 _ 107 Bath 4s Ref 1941 1.70 6 0.20 Fall River 2 Ms 1940-1946 J&J 6 0.30 2Ms 1940-1968..M 2 & N 2 6 0.30 4s 1940-1955 (tax-ex).M&N 6 0.30 2slmprove'mt 1940-56 ..A&O 6 0.75 Augusta 4s Oct 15 1940-1955. 0.75 1.20 0.25 0.25 0.25 Chicopee 1 Ms 1940-1959 M&N 6 0.50 Easthampton (hi'way & relief) lMs 1940-1948 M&N15 6 0.15 Everett 1 Ms 1940-1941..J&J 6 0.30 to 3.25 % to 2.25 Chelsea 4s 1958 to 2.10 1.75 to 2.00 to 3.00 % % 3.30 % 4 to 2.75 0.25 to 3.60 4Ms W W & Sew '40-'54J&J 5s 2Ms 1940-1949 ...M&S Cambridge 2s 1940-1958.A&O lMs 1940-1946 F&A 1 Ms 1940-1942 ..F&A to 2.25 0.50 Braintree 4sl940-1941 J&J 6 0.25 Brockton 1 Ms 1940-'48..A&0 6 0.20 Is 1940-1949 M&N 6 0.29 District— July 1 1953-1968 to 2.10 101M 10144 Pub Wks Nat Recovery 4s 1940-1903 J&J 6 0.50 City Hall 5s 1940-'55.F&A 6 0.50 Louisville 5s Sch 1902 A&O 6 2.50 w 103 M 108 103 M 4Mb May 2, 1940-67.M&N2 m Lexington— w 107 1.35 3.90 4lis WW 1940-51 J&J 3.00 Fdg 1952 opt '42..F&A 4Mb School Jan 1 1940-09.. 6 4.10 Henderson County— 4Ha R&B Oct r4O-'50 A&O 100 \ b Basis. Levee J&J .00 % 5s Dec 1, 1940-1969...J&D 1 1.90 4s 444s to 3.20 5s 1950 Series B 5s Mar 1953 opt 0.75 102 H 102 Project No 141945— Ashland— 4 Ms 8 I '42. '47 &-52..M&S Warrnn CV» 4 b 3.00 '42-J&J 4 ;.F&A 6 0.50 J&D 6 0.50 Subway 2Ms 1940-48.J&D 6 Metropolitan District— 2 Ms ser A 1940-'58.M&S 6 2Mb ser B 1940-62._J&J|6 2Ms Dec 15 1940-1960.- 6 2 Ms Oct 1 1940-62..A&O 6 — to 2.70 1942.J&J J&D 6 0.50 F&A 6 0*.50 1940-1949. lMs 1940-1959 - b 2.00 5s 1965 Series D I 131953.. 4s Jan 1 105 M 105 M to 2 0.60 9 July 1955 J&J 8 July 1 1945 .. 10 July 1 '50 J&J 11 1952.. 1905 1970 2s IH* 1940-1959 3Ms Ref 1940-1962...M&S H 1.35 12 1947.. Sewor 2Ms 1940-1944... % i July 1 '50 J&J Project No 104 M 104 M 6 0.50 J&D 6 0.50 2Ms Sept 1 1940-1956.M&S 6 0.50 2H s- 11&0-1955—T—— J&D 6 0:50 1108"" to 3.15 6 1.00 July 1968 J&J Red River A & B B District-— 1.25 2 Ms 1940-1968 % Shreveport— Wyandotte County— 4Hs 1940-1945... J&J 6 0.40 KENTUCKY Bridge Revenue Refunding Project No 2 July 1 *50 J&J 101H Project No to 4.00 106-3- ..A&O A&O 48 Constitutional to 1.50 Sch Dist ref 4^s '40-48F&A 6 0.40 lMs 1945-59 J&D 6 1.10 No No No No 19104945 58 to 2.00 % to 2.75 Pentchartrain 6s 1944... 2.25 to 2.00 Leavenworth— Project Project Project Project 3s April 1 1940-1957 —A&O b 3.50 Orleans Parish Sch Board5s 1940-1944 J&D 6 1.50 5s 1945-1967. J&D b 2.25 Plaquemine Parish E Bank 5s Oct 1952 A&O 105 to 1.50 Imp July 18 '49..J&J Project No 3 4.00 4s relief 1940-1953 % Levee— 4s July 11940-1952 b 2.80 4s Mar. 1 1942-1964..M&S b 2.00 Orleans District— to 1.75 less Shawnee Co 4 Ms 1944 Topeka 4 Ha 1948 5 Ha Jan 1 1941 _J&J Topeka S D 4Ha Mar 1 '40-'46 6 0.40 Wichita 4 Ms 1940-1940 J&D 6 0.40 A&O J&J > opt *62 1956-1970 — 1944.J&J McPherson 4 Ha 1945 Reno Co 5s 1941 Saline Co 4Ha 1945 —- to 2.25 3 Ms _ 6 0.50 4Ha Water 1940-1947-J&J 6 0.40 Leavenworth Co 5s 1945 3.00 2.75 3.00 2.25 2.75 2.75 2.75 4s Tun & Sub '59 tax-ex J&J 4s Sub 1957 tax-ex 4s Sub 1958 tax-ex 4 Ms serial gold 1945-60 4 Ms serial gold 1961-80 % to 1.50 6 0.50 4Ha 1940-1953 F&A 16 0.40 4Ms 1940-1953.....J&J 6 0.40 Sch Dist454sl940'54J&J 6 0.40 % 0.60!% % to 1.50 to 1.50 1940-1949 J&J b 1.50 1950-1959 J&J b 3.10 4M» Non-callable 1952 J&D b 3.40 6 0.75 Board of Education— to 0.60 to J&D 6 0.50 M&S 6 0.50 >3.40 5s July 5s July _J&J 6 0.30 1940-1952 1.75 0.20 3Ha 1940-1951 4s less 6 0.25 City 5s 1942 2.25 4 Ms serial gold 1940-45 less 6 0.50 _4s. 1953-1954 4Ha Tun 1960 tax-ex..A&O 4Ha Dec 1976 J&D 4s Tunnel & Sub 1948 J&D to 1.90 to to 3 Ms June 1 1943-1914. J&D 6 1.25 3 Ms July 1 1945 J&J Orleans KANSAS Soldiers' Compensation Bonds 4 Ms, 2.00 New Orleans—Public Belt— 4 Ms 1940-1966 A&O b 1.00 Public Belt Bridge Rev— less 6 1.65 Marshalltown— 4 Ms Water 1940-1944.A&O 6 0.25 Sac Co 2Ha May 1 1940-1947. 6 0.25 Sioux City 0s '40-'45 .F&A15 6 0.50 to 1.90 3.35 % 4s Pub Impt *52 opt 4s Pub Impt 1942 6 0.50 M&S Prim Road 2 Ms. 1948 6 1.60 Lyon Co 2 Ha May 1 1940-47 6 0.25 % ~ 3.80 % 3.90 % Borgne Dist Levee— 5s Dec 1952 opt 4942 ~. J&D 1 to 1.00 Lee Co .% % to 1.90 0.75 0.90 0.15 Is Pub Wks Feb 15 1940-1941 6 0.10 Hurricane & Flood Damage— H% 1940-43 M&N15 6 0.15 Arlington48'40-'42(tax ex)J&J 6 0.20 Beverley 1 Ms 1940-1948.A&O 6 0.20 Boston 4Ha Sept 11981-M&S Lake to 0.75 6 1.70 M&S 0.15 J&D 6 0.15 6 0.15 3.45 5s % Des Moines Ind S D— 4Ha Sept 1 1945 4Ms 1944. a 4s Sept 1 1945 July 1 194C1-07 3.90 Lafourche Basin i Davenport Indep Sch Dist— 0.75 to 1.20 > 4s 1946-1956 6 0.40 » 2.00 __M&S South Bend School City— 4Ms Impt 1940-1948.F&A IOWA 4 Ms 1940-1942. J&D Cedar Rapids 4 Ms'49-'53M&N Clinton Co 2 Ms 1942..M&N reg 1 2.00 to 1.90 101 ~3~30 1.60 0.90 108 100 to to 2.10 5s Oct 15,1963 op'53A&015 5s 1969 opt 1959—F&A 15 ... - 2.90 % 5s 1972 to 2.50 4s Blag Sept 1 1940—J&J 3Ms July f 1941 ——J&J „ 5s 1952 opt 1942 5s Oct 15, 1962 op to 2.90 106 Fifth District Levee— 5s 1950 opt 1940 % to 4.00 1.00 Baton Rouge—5s '40-'54 M&S J&J J&J '52. A&O 100 98 1.50 M&S Sept 1940-1972 Bossier Dist Levee 5s '54.A&O Caddo District Levee— 5s 1951 opt 1941. J&J to-3.25 % J& J30 6 1.50 Indianapolis— 5Ms Track Elev *40-'47_J&J 6 1.00 4s Fire Dep J'ne 1 *41 .J&J 4Ms 1940-1955 J&J Indianapolis. 8 D= 2.80 2.40 Gary Sch City 4 Ha Oct 1943.. Hammon (City)— 1942-1950 2.90 5s Elkhart 4 Ha WW '40-75 A&O 6 1.00 to 3.50 % 1.50 Evansville 4sref 1942 J&J Fort Wayne 4 Ha '40-'57-A&0 6 1" 66" to 3" 10 % H 2.60 Capital Bldg 4Ms Aug 15, *52 Charity Hospital at N O—3.85s 1942-1968 F&A Atchafalaya Levee Dist— to 2.10 6 0.75 102 2.70 % 2.90 % 3.00 % J&J 6 Metropolitan Water Loan— 2s reg 1944-68 J&J 6 lHs 1945-1969 J&J 1 6 lHa Reg 1940-1959 M&S 6 102 101 98 to 2.80 3.00 3 Ms gold July 1944 M&S 3s gold Water Jan 1 1941-J&J to 3.20 State Pension 5s June 1, 1948. to 2.25 100 J&J J&J to2.90|% 3.00 2s Water 1948-1969 S 1941-1957 „ — to 2.90 & E 1944-55.. ser 1.00 4s 1940-l952(tax exempt) Var 6 0.15 4s Water registd 1940-58.J&J 6 0.15 3 Ms 1956 ref (tax-exem).J&J 3 Ms Water 1942 J&J 5s series F Mar 15,1945-48. 5s series K July 1,1947-49. 4s 0.50 3.001% 6 3.10 . 444a series to 3.00 Madison (Kings H'way Bd 4% revenue 1904.. J&D 100 River Forest 8 D No 90— 4 Ms 1940-1944 J&D 6 1.25 Rockford 8 D No 205— .F&A 6 1.15 2.10s 1944-1958 Fort Wayne School Dist— 5s Oct 1 1910 1943 . 1.20 % to MASSACHUSETTS to 2.25 Grange (Village of)— 4s O t> 5s 1969... to 2.75 38 Water rev 1942-68. _M&S 6 2.00 Lake Co 5s Road '40-'49.F&A 6 1.00 Wlnnetka (Village) 2M» Dec 1.1940-1958. 1.75 to 3.20 103 104 M 1957-1961 3Ms ser Q 1943-1954 J&J b 1.60 to 2.75 3Ms ser Q 1955-1960—J&J b 2.80 to 3.90 Port Commission Refunding 3 Ms 1940-1959 J&J 100M 101M Long Term Bonds— 1.50 to 2.60 Refunding 3 44s 1942-'50_F&A 2.70 to 2.80 Ref 3 Ms 1957-1960 F&A _ Rock Island (City of)— .F&A Bridge rev 4s 1904 to 3 44s Jan 1 to 2.25 6 0.75 6 1.80 4s 1950 opt 1945-1947 4s 1950 opt 1948-1952 6 2.15 Granite City 4 Ms 1940-48 J&D 6 1.75 Jackson Co 4 Ms 1940-40. J&J 6 0.75 La Highway— 5s series A. B & O 1940-1943 b 0.50 b 1.50 4s Jan 1 1942-1956 0.50 Net Ask '41.A&0.6 1.40 Hagerstown— 5s Water 1940-1987.—A&0'6 4Ms 1940 1987 A&O 6 Montgomery Co— 4Ms 1940-1968—.—M&N 6 Washington Sub San Dist— 3 Ms Wat & Sewer '87.M&N 6 4 Ms Sewer g 1973 J&J 6 to 0.75 To or Bid Oumber'd 4Ms W W to 2.10 Forest Preserve— 4s 1950 opt 1941-1944 ) Bonds LOUISIANA Short Term Bonds— to 1.60 1.80 Elgin Sanit D 5s '40-'44.M&N 6 0.50 Evanston 8 D No 70— 4 *£s June 1 6 0.75 1940-1948 - Ask Bid Bonds b 0.40 Cook County— 4s 1950 opt 1941-1944 4s 1950 opt 1945-1947 4s 1950 opt 1948-1953 To Net or Net Ask District— 4s 1955 opt 1940-'44 48 1955 opt 1945-'47 4s 1955 opt 1948-'54 Yield Basis Yield Basis Yield Basis Bid Bonds 95 BONDS possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as to 1.50 % % Wellesley (Town)— 2s H S 1940-1952. M&S 6 0.15 Winchester 3 Ms 1940-46.J&J 6 0.15 Worcester (City)— 1 Ms Funding 1940-58..J&J 6 0.15 lMs 1940-1948. J&J 6 lMs relief 1940-48 A&O 6 Hospital 1940-49.J&J 6 MICHIGAN I 5Ms July 15 1941 J&J 15 6 5Ms Oct 15 1941 A&O 15 6 4Mb Highway 1943 .F&A 6 4 Ms Highway impt 1944 A&O 6 4s Highway Impt 1942 A&O 6 2M« to 1.50 %< to 1.10 to 1.75 % 0.15 % to 1.50 % to 1.50 % to 1.60 % 0.50 less 0.50 less M 0.80 less 0.95 0.70 less M M m 0.15 0.15 less M AND STATE 96 Quotations for all securities are as near as MUNICIPAL Net b 1.00 b 2.00 to 2.35 M&n b 0.75 to 1.00 -F&A b 1.00 to 2.75 3M« 1944-1940. Battle Creek ttle 4 Ma Sewer 1940 Battle Creek S D— 4Mb 1940-1949 Bay City— 6Mb w w T*/"\ l b 1.00 1940-1951—M&s Dearborn— 4M« Sewer b 2.75 ^O-'fil-'fiO-A&O 99 99M 100 M 100 M 4s 4Mb ---------- nom-callable 5a 4mb 4 H&-------------Refunding Water series D—3 Ha Oct 1 1951-1901 3 Ms Oct 1 1940-1950 3 Ha Oct 1 1948-1950 4s July 1 1940-1947 Street railway 4Mb Refunding 3 Ha *57-'62 J&D Refunding 4s '40-'56__J&D . . to 1.75 to 3.85 to 1.00 Refunding 4s i960 Atlantic City— 2m-4m8 Jan 1973 2.70 % 1 1 b 0.75 to 2.60 b 2.60 b 0.75 less b 3.25 lesslM 6 3.65 3.55 b 1.00 to 3.20 1 to 2.60 4 Ms M&s 1 to 3.60 b 3.55 to 3.60 b 1.00 % lesslM b 1.00 b 1.25 to 3.65 6 3.70 6 1.50 6 1.25 % % to 3.60 '3.15 to 2.75 6 0.75 to 2.10 6 1.25 to 2.50 % 3.50 I25 2.10 to 2.80 to 2.50 6 1.50 to 2.50 4Mb Airport April 1 1948— less 1 9 3°00 to 2.80 to 2.25 less less to 2.40 to 1.50 4Mb Hospital '40-'41 M&N to 1.25 Minneapolis— fie 1940,1943,1945,1940, 1947, '48, '49, '50—-J&D 4Mb 1940-1952 A&O 00 to 2.60 60 00 to 2.60 00 00 to 2.60 00 M&N 00 to 2.40 J&O 1940-1940 A&O 1.90b Oct 1 1940-1946.A&O 1.80s 1940-1943 F&A 25 to 2.25 00 to 2.30 1Mb 1944-1948 1.70s 1940-1949 F&A J&J ,00 to 2.40 2s 00 00 0.40 to 2.90 0.40 0.40 to 2.35 to 2.75 2.25 to 2.65 2.20 to 2.50 to 2.75 to 3.00 to 2.50 2 Ms School 1940-1969-m&s b 0.25 Bogota 4mb 1940-1940--j&d b 0.50 to 2.50 2 35 Bound Brook 4 Ms '40-'42 j&d b 0.75 to 1.25 4m8 0.40 ttrl.25 --~*ms School 1940-1951-m&s b 95 Cape May Co 5s 1940 m&s elaware River Joint Com ....... .00 .60 less .90 .00 less J&J .00 to A&O .00 .00 to 2.60 6 0.50 4Mb May 1 1940-1950 4 Mb Impt 1953 J&J 4Mb Flood 1940-1953—.A&O 6 0.50 3 Ms Highway 1950-59—F&A 105 to 1.75 to 1.85 m&N 0.30 1.70 F&A 1.65 to 1.75 % 0.30 to 1.75 University City— 4Mb 1940-1943 4Mb 1942-1949 0.40 to 3.25 % m&N 0.39 to 0.90 Englewood 5s 1940-1944--a&o b 0.25 to 1.50 % J&Jlfi 0.70 to 1.75 Essex County— f&A 2s Feb 1 1958-1959 Public Bldg & Impt— 3 Ms 1940-55 -A&O 2Mb 1951-56 1954-58 4mb 1 2.75 $80 2~.80 % 107 A&O 100 Non-callable bonds % to 1.85 % % to 3.10 Funding bonds— 4s opt *44, 1940-1953--J&J b 1.00 Highway debentures— b 1.00 4Mb Dec 31 1940 Daniels Co 5Ms 1940 —J&J 0b 1941 opt 1940 J&J House 1941 J&J Mississippi Levee District— 5b May 2 1944 M&N 5b July 1 1953— J&J % 2.00 2.25 3.10 6 0.50 Yazoo-Miss Delta Levee Dist5s 1940-1954 M&N 6 0.50 to 2.75 to 3.10 .T&J n Nominal. to 3.00 % to 2.75 % % &0 to3.00 % to 2.80 % ..J&j ,4 Ms Mun Bldg 1940-70 f&a b 0.25 3°.25 Gloucester City— 3.25 4mb 1940-1966 j&d 83 5 Ms Water 1940-1963.m&s 86 Gloucester Co— 4 Ms Bldg&Rd'40-'45 J&d20 b 0.25 Hackensack4MB 1942 f&a to 2.25 % to 2.60 to 1.40 % 1.50 to 1.50 6-1.00 to 3.75 m&s b 0.75 to 3.25 % 3s 1940-1966 0.50 to 1.70 Hamilton (Township)— 0.60 to 2.90, _3Ms 0.30 0.65 to 0.50 to 3.00 % to to 3.50 sewer 1940-1978--J&d b 0.50 Hoboken 5s 1940-1954...j&J b 1.00 2.25'% 4mb 1940-1978—-m&n15 b n.35 to 3.30 4s g Park 1954 & '59-m&n b 2.90 to 2.95 1.85j% to 1.25 2.00 1.50 % 2.00 % to 4.00 i Hudson County— 2Mb Apr 1 1940-1959 b 0.35 Hunterdon County— 4Mb Road & bldg *40-'46j&j b 0.25 Irvington 5s School 1903.j&d to 2.80 b 0.25 to3"66 a&o b 3.00 a&o b 1.50 4 Ms School 1940-1958-j&d b 1.50 4Mb School 1945 j&J 4Mb Water 1901.. a&o to 4.25 , 4mb 1940-1959 -j&d to 1.50 Jersey City— 5 ms 1942-1953 5s 1940-1969 to 2.75 % hampshire 4 ms 1940-1907— J&d b 1.25 f&a b"1.25 July 1 1940-1953 Gen ref 3 Ms '40-'54-f&a b 1.25 0.30 to 1.50 0.30 to 1.00 to 1.10 4s 0.50 to 1.25 0.50 0.60 to 2.25 0.50 to 1.00 A&O 1940-1956-F&a 0.60 0.60 to 2.40 j&J b 0.50 to 2.35 to 4.35 to 4.25 to 99 4sHefunding 1949 0.90 _ 1940-1951 3 m«. 1940-1950 j&d b 1.25 4.00 to 4.10 to 4.00 to 3.75 87 to 3.25 to 2.80 5Ms 1940-1970 j&d b 0.25 to 3.50 Linden 2m» 1940-1950...j&d b 0.25 to 2.50 Lodi 5s 1940-1947 0.75 j&j b 0.90 Long Branch 5s 1943 m&n Lyndhurst 3-5s 1940-57--J&j 6 97" to89 " , to 2.70 jersey 0.30 0.40 0.50 0.30 0.40 0.50 0.50 0.75 0.90 1.10 1.90 0.50 Maplewood (Township)— 4s 1940-1967 ..J&d 15 Middlesex (Borough)— 3 mb 1940 to 1907. J&j Middlesex County— 4Mb Road 1940-1944..f&a Imp 3s Nov 15 1940-1948.. Monmouth County— 4Mb Mar 15 '40-'60--m&8 4ms Rd & bdg '40-51f&a15 monte lair 4Mb Sch 1941.a&0 4Mb High sch bldg '44. j&d 2Mb May 10 1940-1970 Morris County— 4 Ms 1942 opt 1922 j&J 3 Ms 1940-1949 J&d15 6 0.25 to 2.60 b 1.00 to 3.75 b 0.35 to 1.50 b 0.35 to 2.00 6 0.50 to 3.00 b 0.50 to 3.00 b 0.25 to 2.50 6 0.25 to 1.90 0.50 to 1.00 Morrlstown— 4 j&d 4b 1940-1909m&n 0.30 0 ;40 Neptune 4Mb 1940-1955.f&a 0.30 Ms 1940-1942 —— 0.40 XSJ m&s 6s 0.50 5 Ms Oct 15 '40 to'59 a&015 5s 1940-1958 -j&j to 2.50 0.50 to 0.40 to 2.40 % to 2.50 % 0.40 0.35 4s series O April 1940 19690.35 2Mssertes D May 1940-1970 N. J. Emergency Relief— b 0.30 3 Ms Jan 1940-1941 b 0.40 5s May 1940 to 1941 2.50|% to 2.60 I to % % 2.50 % to 0.50 % to 0.60 % 0.50 to 3.30 2.00 to 5.00 0.75 0.75 0.75 to 3.90 0.75 to 3.75 pfllfmmv 0.40 0.40 Construction— 3 mb ser A July 1940-1960. 4 Mb series B July 1940-1967 ... Keansburg 5m« 1940-59.m&n b 98 Kearney— 4Mb Water 1940-70-J&d15 b 0.35 4mb Sch impt '40-'52.j&d 6 0.35 to 2.60 Bridge bonds— 4 mb series C Jan 1940 4 Ms Series D July 1940 4 Ms series E Jan 1941 Road Bonds— 4 mb series D Jan 1940 4Msse ies E July 1940—— 4 mb series F Jan 1941 4 Ms series G July 1941.— 4s series H July 1942 4s series I July 1943 4 Ms series A of '27 July 1944 4s ser B of "27 July 1950Soldiers Bonus 5s July 1941 M" E of '20 July *64 opt *39 '40 4mb A of *24 Jan '55 opt '40 4 M« b ot '24 July '55 opt *40 4 Ms C of *24 July '66 opt *41 4mb ser B of '30 July '40-'€7 3 Ms ser O of *30 Nov '40-'69 % (Boro)— b~0.75 Ms Wat wks Dec 15 *41 J&J 6 1.00 m&N 6 2.40 Institutional Vlcksburg— 6s Pub Imp 1940-1948. F&A to 2.90 0.25 __j&j Fairview 5s 1944— Glen Ridge— to 1.50 4mb F of *20 Jan *55 opt to 3.10 4Mb School 0.25 0.25 % 5s July 281940-1960 to 2.25 % Great Falls— - — to 2.95 4mb 1940-1960--*—m&s 15 4s Hospital 1946.. f&a Essex Fells 4 to 3.10 to 3.10 to 2.00 1940-1960 1940-1972 116 m J&d b 0.25 J&j b 0.25 a&o b 0.25 3 School 1940-1974 Elizabeth— 2mb 1940-1978 m&s 4mb 1940-1957 a&o 5ms Dec 1 1940-1946.j&d 6s Highway Extension— 4 Ms D of '20 Jan *54 opt *39 103 Greenville 5s fund '43-'50 F&A 6 2.10 Jackson 5 Ms 1940-1954.A&O 6 0.50 6 0.50 4Mb Jan 1 1940-1952 4Mb 1940-1952 M&N 6 0.50 Jones Co 5s 1940-1942— M&N 6 1.00 Meridian— 1940-1969 5s Sewer to 1.80 montana new 1 to 1.75 % to 2.60 to % 0.30 1.75 3b School 1940-1954—F&a 1 MISSISS1PI 6 0.50 to 1.75 to 1.00 to 1.60 3s H s 1940-1950 to 2.85 J&D 1.00 to 1.70 3 Mb Bridge Nashua— to 3.00 4MB 1940 1959 4b 1940-1961— 2.60b 1940-1957— % to 82 0.30 0.40 to 1.50 5s School July 1 1951..J&J 5s Gen'l impt 1940-62.-J&J 4Mb 8ewer July 1 1943.J&J % to 3.75 0.30 F&A M&N m&N 1941-1948 4s 1940-1951 4s Impt to 2.25 4Mb W W 1940-1942—A&O to 4.00 % to 3.75 Pbila-Camden Bridge— 4mb 1940-1945 m&s b 0.50 115 4mb 1946-1973 m&s East Orange— Manchester— to 2.30 less to 4.00 % . Keene4MBl940-1942—M&N Paul— .80 to 4.35 % to 3.30 % Cape May— 2Mb Sewer 1940-1956-M&N 4Mb U S D 1940-1965-j&d to 2.50 J&J to 3.50 % to 2.10 Concord— to 2.40 6 1 .00 j&d b 0.75 1940-1958 to 2.00 Joseph S D 4b 1940 3MS Refunding 1942-1944 J&J 1mb Highway 1941-1946 m&S to 2.50 4 Ms Rd & Bdge '40-'43 J&D to 2.65 Camden— 0.40 1.25 J&J J&J 2Mb 1945-1955 J&J St Joseph 4Ms-l-940-!45- -m&S Refunding 4mb May 11951 to 2.60 Bridgeton (City)— 1940-1901 f&a b 1.00 4Mb Water '40 to '60-m&n b 0.75 4mb 1942-1969 j&j b 2.50 4s 1945-1970 6 3.50 Camden co— 4mb 1940-1970—j&j b 0:75 4b 1944 1968b 2.40 5s 1941 1940-1948 — J&J 4mb Highway 1940-1943-j&d to 2.40 6 1 .00 6 1 .00 to 2.95 to 2.10 4b July to 2.00 .75 6 1 .00 / Flat price, 0.40 b 0.25 5s Dec 15 1940-1955-j&d15 b 0.25 BloomTield 4Mb 1940-69j&d15 b 0.25 0.40 new to 2.25 6 1 .00 6 Basis to 0.90 5mj8 Dec 15 1910-60-j&d15 to 2.60 Ramsey County 1M Mar 1 1940-1949—M&S 2MB 1940-1947. F&A 4Mb 1940-1950 F&A 4 Ms Rd & Bdge '40-'44M&N 4Mb iulv 194Q 1940-1942.j&d 6 0.25 5Ms Dec 1 to 3.00 J&J J&J to 2.40 2 Ms 1940-1958 2 20s 1942-1959 1940-1943 Callable bonds to 3.00 0.40 5b 1948 J&D 6 1.90 Omaha SD 4Mb Mayl*55M&N 6 2.35 York School District— 4MB 1941-1955———J&J b 1.00 to 1.25 A&O M&S M&S Biloxi 6 Ms to 2.75 1.00 Bergen co— 4Mb May 1 1950 less 00 M&N A&O M&S 1.00 to 2.70 to 2.10 4 to 2.60 00 2.60s 1940-1960 2 Ms 1940-1967 2.30s 1940-1947 fiMs Impt 1940-1940 to 3 .25 Refunding '40-'60.m&n to 2.70 Omaha— A&O July 1 1951 to 3.00 1.00 0.40 Douglas County— 68 Highway 1940-46--A&O Holdrege S D 5b 1940-55- J&D Lincoln School District— 4Mb 1940-1953 m&N McCook Fund 5s *40-*43-F&a North Platte Sch Dist— 4MB 1940-1959 —J&J 6 M M 4Mb Sanitorium '40-'42 J&J 6s school to 3.90 1.00 0.40 Beatrice S D 5b 1940-54—F&A 6 0.35 Hennepin County— St to 3.75 1.00 nebraska to 2.25 „ to 3.75 1.00 Belleville s d 5s *40-'44 m&n 1 __J&J 1940-1941 3s 1940-1959 1.00 j&j to 3.05 to 2.10 to 2.75 2s Rural Credit ctfs 1942: 6 1 Duluth 4Mb 1940-1947-- -J&J 4b 1944 m&s 4mb 1940-1955 f&a 4Mb School 1940-1966.f&a Belleville 5s 1940 & '44.m&n 5 Ms 3 Ms 1941-1951 3.75 to 2.75 0.40 4mb Wat & Sew *40-'50-J&J b 1.25 MINNESOTA 3 Ms July 15 1943 J&J 1 3s|Feb 1-Aug 1 1955-1956— 6 2 2Ms Feb 1-Aug 1 1957-1959-- 6 2 2 M trunk h* way '47-61--M&N 6 1 1.85sRuralCreditctfsl941 6 0 91M to 1.00 3s 0.40 2s — 6 1.50 b 1.00 (Boro)— 6s July 1 1940-1944 s d 4Ms^f940-1955 to 2.00 0.40 4.25 Voted bonds.. 4Mb Bridge 1940-1957-A&o Audubon 100 0.75 68 89 m Springfield 4 Mb '40-*49—M&N 12.00 6 1.00 1.00 J&J J&J 4Mb to 2.70 3 Mb J&J A&O 1954-1975 4Mb 1940-1953 to 3.00 Covert roads m J&J M&S 3sl940-1957 3b 77 66 Bayonne 5s 1940-1949 to 2.30 4 St Louis— to 2.00 0.75 1940-1946 to 2.30 0.40 St to 2.75 6 1.25 Saginaw 4Mb 1940-1949-F&A 4Mb Sewer 1940-1951.J&D Wayne County— 4b 0.40 _ Pontlac— Port Huron 4Mb 1942 to 2.25 4Mb 1940-1950 4Mb 1940 April 15 1957 Refund 4-4 Ms 1964 opt 1937 4 Ms School June 1 1955 to 2.25 0.40 4s 1941-1951 3.25 5 Ms May 1 1941 4mb School Nov 1 1954 Jackson 4Mb 1940-47--A&O10 4 Ms July 15 1955 Jackson Union S D— 4Mb 1940-1945 M&N Lansing 4Ms 1940-1940—J&D Muskegon 4Mb 1940-44--J&J Muskegon S D 5s 1942—July 0.40 4Mb 1940-1950 to 3.75 75 Water 3-4 ms Jan 1973 to 2.25 to 3.65 lesslM to98M . 0.40 lesslM 6 to 2.25 J&J J&J J&J15 4MB 1949 J&D 4Mb Road 1940-1952.-J&J 4mb Court h'se '40-'52 J&J Joplin (School District)— 4Mb 1943-1948 Kansas City— 4Mb Various May 9 *40-72 4 Ms Jan & July 1942-.-J&J 4Mb 1940-1955 a&O 4mb Airport 1940-54.-A&O 4s Airport 1940-1971.-M&S 3 Ms 1940-1974 J&J 3 Ms 1940-1974 F&A 3 MB 1940-1955 A&O 2Mb 1958-1975... 2Mb 1956-1975 Kansas City S D—- to 3.70 6 1.00 r5ett940^t954l———m&S 6" 2". 00 Grand Rapids— 3s Sept 1 1941-1945—M&S 6 1.25 Grand Rapids School Dist— 4Mb 1940-1943 Highland Park— to 3.65 1 Ms ser a Dec 15 1942~49-_ . Atlantic County— Jackson County— 4s 1940-1951 4Mb 1940-1950 4Mb 1940-1950 101M i less J&J b 0.90 Ret 3b 1943-1950 100 b 2.50 6 1.00 6 1.50 to 0.80 Asbury Park (City)— to 0.50 to 2.65 3,65 to 1.30 0.30 less _ b 0.40 0.30 b 2.85 Refunding 2Mb 1951-63 j&J Refunding 3 Ms 1940-50 j&J Refunding 4s 1941-60-m&N 4s Jan 1 1941-53 -J&J Refdg 3 Ms 1961-62.-m&N Rfdg 3 Ms 1940-52 J& J15 Rfdg3Ms 1953-62...J&J 15 3 Ms Jan 1 1953-63——J&J Flint 4Mb 1940-1954.M&S 15 f 5s (Mar 1 & Apr 1) '40-'50~ Flint Union School Dist-— to 0.60 to 0.90 J&D less 6 1.00 to 1.65 to 0 80 1940-1941-/..J&J 3s Building b 2.50 1940-59 to 1.75 3s Road 1963-1957 General & Street Railway— 3 Ms Oct 1.60 1.50 to 0 80 b 0.35 3s State Bldg 1940-1944-F&a Buchanan County— less General 3s Oct 1 1959-02... b 3.60 Water 2Mb Oct 1 1940-02._ b 0.75 to 1.60 to 0.60 b 0.35 to 2.85 6 3 80 b 2.75 Water 4s—.......... to 1.35 b 0.50 b 0.30 2m Jan 1940 to 1943. Ed Aid 4 mb ser a Jan 1940-42 b 0.30 Unemployment Relief— to 1.25 1.00 , Ask Bid n.j. Emergency—Concluded 4Mb Nov J940 to 1941 3 Mb Mar 1940 to 1942 3 Mb May 1940 to 1942 to 1.70 0.75 Bonds Net 0.30 1.65 4*.—TTtTTtt ' General 3 Ms callable (Long) 1.60 0.75 4Mb Road 1948-1950—-m&S 4Mb 1943-1946 m&S 4s 1943-1947 .M&S 4s Road 1944-1948 a&O 4s Nov 1 1948-1952 M&N 3 Ms 1948-1952 J&J 4Mb Road 1940-1942 to 2.60 mb 1940-1948 j&J or . Ask missouri Ann Arbor— W W ref 4 Bid Bonds . Ask To or To or Bid Yield Basis Yield Basis Yield Basis Bonds BONDS possible for the closing day of the month preceding the date of issue 1940-1972 4mb 1940-1983 f&a 4 ms School Dec 1 '46..j&d 4s Sch house 1959 opt 1949 4s Pas Val sew'01 op 4s 1940-1970 to 3.75 to 3.70 .75 3.25 3.50 filj&d j&d b 0.75 1954- f& a ...m&n b"d.75 2mb Jan 15 1940-1976-J&j 6 0.75 to 3.80,% 3.40 3 Mb Track elev 3 Ms 1940-1966 to 3.30 to 3.25 % % Jan., 1940] 97 STATE AND MUNICIPAL BONDS I Quotations for all securities are as near as possible for the closing day of the month preceding the date of Yield basts Bid Ask 4Ms 1940-1957 F&A b 0.75 to 3.35 4Mb Sch & wat '40-'6»-J&D b 0.75 to 3.75 4 Ms 1940-1967 J&D b 0.75 to 3.65 % North Arlington (Borough) Refunding 4s 84 75 North Bergen ret 4h-4Ms 84 86 Nutley (School District)— 4 Ms 1940-1942 FA A 6 0.50 to 1.25 4MB 1943-1967 F&A b 1.75 to 3.25 Ocean Oity5s 1944.... 98 F&A 4Mb Impt May 16 1940-'56- b 3.50 to 5". 00 Ocean Co 4 Ms 1940 60-J&D b 1.00 to 3.50 OrsiiD^G"™4 Ms Sewer 1940-1964.A&O 6 0.50 to 3.40 Passaic— to 3.50 to 3.25 to 3.05 N Y STATE (Concluded) 15 1940-1956 A&O 3Ms Mar 16 '40-'81-M&8 16 3 Ms Mar 15 '40-'81-M&8 15 3 Ms 1940-1949 M&N 15 3s g Canal Jan 1 1956 J&J 3s g Canal July 1 1958 —J&J 3s g Canal Jan 1 1959...J&J 3s Canal 1957-1959 J&J 3s Mar 25 1940-1987 M&S 2 Ms 1940-1969 M&N 15 1Mb 1940-1979 A&O Elfmlnat'n of Grade Crossings 2Mb Dec 8 1940-1987—J&D Unemployment Relief— 2Ms July 6 1940-1947—J&J General State Improvement— 2Mb July 6 1940-1962—J&J 1 Ms Sept 10 *40-46.M&S 10 Emerg Unemploym't Relief— 2Mb Sept 25 *40-'43—_M&S 2 Ms Sept 25 '44-'45—M&S 1 Ms Sept 10 1944-1946 b 0.20 4s Apr 4Mb 1940-1946 J&J b 0.35 to 2.00 J&D b 0.35 to 3.25 M&N b 0.75 F&A A&O 50.76 to 3.85 Ne^wiflmpt 1942-1963-J&J b to 1.85 b 0.20 to 2.15 6 0.20 122 to 1.40 4Ms 1940-1965 122 M&N 2Ms 1940-1947 New York City— to 2.15 4Ms b 0.20 to 1.85 b 0.20 to 1.85 4Ms 4Ms 4Ms 4Mb 4Ms 4 Ms 4 Ms 2.10 b 0.20 to 1.15 b 0.20 b 0.20 to 1.80 4 Ms to 1.10 4 Ms 4Mb b 0.20 b 0.80 td 0.60 4M« to 1.20 4 Ms b 0.75 to 0.90 b 2.60 b 0.30 2.30 to 0.60 to 2.00 4Mb 4Mb 4Mb 4 Ms 1940-1967 Perth Am boy— to 3.90 6s Feb 1940-1977 F&A 5100 4Mb refdg 1944 & '48—F&A 99 Plainfieid 4s School 1959 M&N 96 4Mb 1940-1962 Various.J&J b 0.25 to 4.75 % 2Mb M&S b 0.25 2% 1940-1955..——M&N b 0.30 1.70s 1940-1979 -J&D b 0.25 to 2.50 Rahway— 1940-1953 J&D b 0.75 to Ramsey 5s Water 1940 Red Bank (Borough)— 4 Ms 1940-1953 M&N 0.25 to Ridge wood 4 Ms 1940-62.H&N 0.20 to 4Mb 1940-1968 M&N 0.25 to Sea Isle City 5s 1942....F&A 75 Somerset County-— 4Mb 1910-1949 J&D 0.25 to 4 Ms 1940-1952 J&J 0.25 to South Jersey Port District— Marine Terminal 4 Ms 1940-1973 South Or: h Grange— 3.40 4s 1940-1972 2.25 2.75 2.75 to 4.40 J&J M&S J&D J&D 1940-1962 4Mb 1910-1969 4Mb 1940-1968 Summit— b 0.25 to 1.50 to to 3.00 b 0.25 to3.00 % 4s Oct 1 1942 "d.25" 3.00 b 0.25 b 0.25 to 1.40 b 0.50 to 3.40 vo to „ 2.50 3,25 % 3.25 % to3.50 % 0.75 to 0.75 to 0.75 0.75 0.75 0.75 1.00 b 0.25 b 0.25 A&O 2.80s Gen Impt B June 1 1950-1965 to to 3.50 " to 3.00 Vo to 2.75 % to 4.00 % to 2.25'% to 1.80,% 0.75 b 2.10 Union Township Sch Dlst— 4Mb 1940-1968 J&J Ventnor City refunding 4-5 M* Vineland (Boro)— 6 Mb 1940-1950 M&S Weebawken— 3 Mb 1941-1951 opt '40.A&O 3 Ms 1940-1979 J&J Westfield— 5b June 15 1940-1960.. J&D 4 Ms 1940-1966 A&O West New York— 4Mb Oct 1 1940-1968..A&O 6« School 1940-1961 M&N West Orange Gen ref 3 Ms 1940-1959 A&O to 2.50 b 2.00 to 4.25 % 92 % 97 to 2.00 4s 1947-1954 M&S b 1.70 F&A b 0.30 4Mb Water 1940-1945-A&O Erie County— 4Mb 1940-1959 J&D 4s 1945-1953 M&S 2.90 March 1. 1940-1947.. Essex Co 4s 1940-1956—.M&S Free port— 4.20s 1940-1945 M&N b 0.30 b 0.50 b 2.10 to 3.10 to 3.00 b 1.50 to 4.50 b 1.50 to 4.751 % b 0.50 to 3.25 % % 1.00 % 2.50 2.00 % 2.00 % 2.75 2.50 % 2.50 2.00 % 2.75 2.25.% 2.75 1.00 101 „ 2.50 % 120 to 3.00 to to % 2.10 % 2.10 % to 1.55 to 2.00 % % to 1.10 % to 2.80 % to 2.60 % % to 2.00 % to 2.50 to3.15 to 2.75 to 2.50 (T)— 4s 1940-1951 J&J Greenburgh U S Sch Dlst No 9 4.40s 1940-1965 J&D Groton 6s Wat '40-'50—M&N Harrison (T)— 4Mb 1940-1980 F&A Hempstead (T)4 MsJ40-59 A&O Hempstead 4 Ms 1940-65 M&S 2.30s 1940-1967 J&J Hempstead UnFSDNol6s 1940-1954 .MA .M&S Hornell 4Ms 1940-1947--F&A Hudson Rlv Regulating Dlst— 4Ms 1940-1965 J&J 4.70s 1940-1965 J&J Huntington (T) 4s *40-'52-J&J Islip 4s 1940-1951 -M&S Ithaca 4Ms 1940-54 J&J to 3.00 62 66 100 b 0.15 to 1.10 6 1.15 to 2.20 M&S b 2.10 2.0) J&J b 2.10 J&J b 2.10 2.00 2.00 2.00 1.00 to 1.45 0.40 1.05 Highway 1965 M&S b 2.10 ]s Bar-u- Canal 1946..-J&J b 1.10 4Mb Bonus 1940-1949...A&O b 0.20 4s Canal Term 1942 J&J b 0.60 4a Canal Term Jan 1946—J&J b 1.15 4s g High Imp Mar 1958.M&S b 1.95 4s g High 1.85 Imp Sept 195$.M&S b 1.95 1.85 4s High Imp Mar I960— M&S b 2.00 4s Canal Imp July I960..J&J b 2.00 4s Canal Imp Jan 1961...J&J b 2.00 4s Canal Imp July 1961..J&J b 2.00 1.90 4s Highw Imp Mar 1961 M&S b 2.00 4s Palisade Park 1961 M&S b 2.00 4s Canal Jan 1962. J&J b 2.00 4s Hlghw Imp Mar 1962 M&S b 2.05 4s due Sept 1 1965— b 2.05 1.90 1.90 1 1.90,' 1.90,' 1.901' 1.90 ' 1.9514 1.95,4 6 2.05 1.95!' b 2.05 b 2.05 b 2.05 1.95 4 b 0.20 1.95 < 1.95 to 1.45 109 108M 108M 107 M I 2.85 to b 0.35 & 0.40 100 { 2.90,% % % % % % b 1.50 to 3.25 % b 1.50 to 4.00 b 1.10 to 3.10 6 0.35 to 3.00 % to 3.05 % 100M to 2.95 96 % b 0.40 % 6 0.35 to 2.90 6 0.35 to 1.85 6 0.35 i to 1.30 to 2.75 to 1.75 to 2.30 to 1.80 to 1.75 to 2.30 0.60 to 1.10 0.20 M&N Niagara Falls S D— 4Ms 1940-1960 F&A No Hempstead S D No 7— 4Mb 4940-1942 J&D 2.40s 1941-1967 M&N North Tarry town— 4Ms Water 1940-64--A&O 4 Ms 1947-1972 J&J Oneida 4s Water '40-'45—J&J Onondaga Co, 4ks '40-47A&O 3.70s 1940-1951 A&O % 97 M to 2.65 to 1.60 6 0.20 0.50 to 2.10 to 1.00 6 0.60 to 6 Par to 2.75 6 1.85 to 2.85 0.30 6 Par 6 0.30 Ref 1.90s 1940-1957. _.F&A 6 0.25 2.10s Feb 1 1940-1968 0.30 2.40 to 1.50 to 1.50 to 1.75 to 2.00 b 1.25 to 3.60 b 1.25 to 3.50 b 0.75 to 3.25 1.70s 1940-1968 J&D Ontario Co 4s 1940-1951 -M&N 0.30 to 2.10 to 3.50 Ossinlng4Ms 1940-1942.M&S 0.50 to 1.00 b 0.75 Par to 2.20 to 2.20 b 0-30 Jamestown 4s Mar 20 '43 A&O b 1.25 to 2.00 to 2.50 Port of N Y to 3.00 b 0.75 b 0.50 to 3.25 to 2.25 & 1.00 to 3.00 6 1.10 b 0.75 b 0.75 to 3.00 to 3.25 to 2.75 88 acquisition__ Mamaroneck (Town) 4 Ms 1940-1964 J&J Mamaroneck UnFSDNo 1— 5Ms May 11940-1952.M&N 3.90s 1940-1964 j&J Middle port 4.35s '40-'42.J&D Mlneola (V) 4.40s 1940-68 J&J Monroe Co 4s 1940-44—_F&A 3.90s Co Bldg *40-*50--F&A 1Mb Jan 15 1940-1942.J&J Mount Vernon— 4Mb 1940-1943.. A&O 5Ms 1940-1941 A&O 4 Ms School 1962-73—M&N 4s Sewerage 1950-65..M&N 2Mb 1940 to lUoti M&S 3b 1940 to 1946 ...M&S Nassau County— 5s 1940-1943 M&N 4MB 1940-1944 A&O 4s 1940-1947 .J&D 3 Mb 1944-1961 j&J 107 M 1, 1975._ May 1. 1976 93 '91 106 M 105 M Gen & ref 3 Ms Aug 16 1977 Gen & ref 3s Dec 16 101 % 1976— Inland Terminal— b 1.00 to 3.75 b 1.00 to b 1.25 to 4.00 b 4M sser D1940-1941.M&S 4M sser D 1942-1960-M&S Holland Tunnel— 4Ms serE *40-*41—M&S 4Mb ser E "42-*60-—M&S 3.75 1.00 to 1.50 b 0.75 to 3.75 b 0.75 to 2.00 b 0.75 to b 0.75 to 1.50 b 1.00 to 2.50 b 1.25 to 1.50 Putnam Go 4 Ms *40-'61 _ 2.75 b 3.50 to 4.00 b 3.25 b 1.00 to b 1.00 to 3.00 3.75 to 3.00 % % % % % % 1.80 2.30 2.85 1.90 2.20 2.90 4s 1940-1954 - 1'7?9 j ?40-1948 Rockland Co— 108 M 107 M 106M 102 0.85 109 0.50 109 A&O 6 0.50 to 2.40 F&A to 0.50 Rensselaer County— 4Ms Highway 1940-58.F&A 0.50 Rochester 6s '40-'62 F&A 0.20 4Mb Pub Imp *40-'58-F&A 0.20 4Mb 1940-1959 M&S 6 0.20 4s Imp Sch &c '40-'47_ J&J 6 0.20 2 M® 1940-1957— M&S 6 0.20 1 Ms 1940 -.A&O o 2.85 Authority— Gen & ref 4s May Gen & ref 3 Ms 98 Z__ !*/> i 2.80 109 109 4Ms Water 1940-1969-A&O 0.40 to Oswego 5 Ms 1940-1946.-M&N 0.50 to Oyster Bay Water Dlstrect— 4s 1940-1950 J&J 6 0.50 to Pelham (T) Un Fr Sch Dlst No 1 4.60s 1944-1966 1 1.60 to Poughkeepsie 4 Ms *40-62 J&D > 0.50 to 4s School 1940-1959—.M&S > 0.50 to P°rt Jervts4Ms 1940-'69.J&J > 0.50 to 5 Ms 1953 6s 1947 Beach % 109 107 M 3 Ms 1942-1945 2s Mar 1 1940-1949 to 2.10 b 0.50 4.20s se^er 1946-1960.M&N b 2.40 4 Ms 1940-1951 M&N b 0.75 to 3.10 107,M Parkway Authority— 3M% Rev 1940- 53-A&O ) 0.75 3M% 8 f Rev 1968.-A&O 108 M Niagara Falls— 5 Ms 1941-1948 M&N > 0.30 4.15s Sewer 1965-70--M&N ) 2.25 4.10% Sewer 1940-1950-J&J ) 0.20 4Mb Wat May 1 '41-48M&N 6 0.30 3.95 Nov 1 1961-1970-M&N 2.20 % to 2.70 b 0.40 b 0.40 Long Beach 4s 1940 to 3.25 96 M&N J&J b 0.40 J&J15 b 0.40 1940-1963 Lackawanna 4 M8 *40-'54M&N,& 0.50 2.00 99 M&N 3sserial 1940-1969 M&N 3s serial 1940-1973 J&D 3s corp stock Feb 1 19792Mb 1940-1979 J&J15 2Mb July 15 1969 J&J 2MB 1940-1953 J&D 2 Ms 1940-1979 M&N 2Mb Serial 1940-1946-F&A 2Mb assessm't 1940-44-J&D 2.60 % " 2.50 1957-M&N — Greenburgh to 3.00 NEW TORS J&D & 0.30 % % b 0.25 b 0.25 Dlst 5M« 1940-1973..F&A 8ocorro Co 5s 1941 op '21.A&0 / Flat price* to 2.25 4.40s 1940-1950 M&N b 1.00 Garden City 4 Ms 1940-52.J&J b 0.50 Conser 1967..J&J 4s Hlghw Imp Mar '67—M&S 4s Palisades Park 1987—M&S 4s Bidg constr ,40-,49—M&S —A&O b 0.30 M&S b 2.85 % J&J,5 ..... „ 2.20 to 3.10 Cortland Co 4 Ms '40-'51.J&J b 0.30 Delaware Co 4.20s '40-'52A&0 b 0.30 Dutchess Co— 4s 1940-1946 M&S 6 0.30 East Chester— 4Mb 1940-1958 ELmira— 113M 114M 114 M 114M 1956 _ to 3.10 to 3.50 5s Water Works 1962.-J&D 115 4Ms 1940-1950 J&J b 1.00 4s due Jan 1 1966 4s Canal Imp Jan Cortland (City)— 1.60s 1940-64 112M 113M 113 M 113 M Various 3fS,aft^!a!e."SNl to 2.40 b 0.50 to98M Albuquerque— 4Mb Highway 1963 is Canal 1964 lS Canal 1965 Columbia County— 4Mb 1940-1959 Corning 5Mb 1960 118M 117M 113 M&N % 3 Ms Corp stock July 1, '75 I 103^ 104M — 3Ms Aug 1 1940-1978.F&A & 0.35 to 3.05 % 3Ms serial 1940-1979—F&A b 0.35 to 3.05 % 3s Rap Trans 1947-51 -F&A fi 2.00 to 2.60 % 3s corp stock Jan 1 1977 J&J 100 M 100 3s Serial 1940-1968—.J&J 0.35 to 3.00 % 1.90 J&J b 0.30 J&D b 0.40 3 Ms serF 1940-64—M&N 6 0.75 . 6s Jan & Mar 1 1940-1946 6s Jan & Mar 1946-1970 to 1.80 to 2.40 b 0.75 1940-1941...J&J 6 3Ms H'w'y deb '48-'47—M&NI& 3 Ms H'w'y dob *48-'49—M&Njb 3s Jan 1 & July 1 1949-1952—!& 2Mb H way deb 1944-4&-M&S b 2Ms 1946 1951 J&D 6 2Ms H'way debs 1951-52.A&0 2 Ms H'way debs 1953-54IA&0 b Grande , 116M 117 M 3 Ms stock Apr 1,1954. A&O 3 Ms Corp stock Mar 1, I960 3 Ms Corp stock Jan 15,1976. to 2.70 to 121M 122 M to 3.15 3 MB g exempt 1953 M&N 6 2.90 108 3 Ms g exempt 1954-—M&N 3 Ms g Water ex 1954- M&N 108 3 Ms exempt 1955 108 M&N 1.90 4 to 2.60 to 2.00 J&J b 0.40 120 M 120 M | to 1.55 to 2.50 to 2.75 6s Highway .4 Ms 1940-1950 to 1.70 to 2.00 b 0.40 Ij&j 119 M 119M - to 2.70 b 0.35 NEW MEXICO , Sewer Authority— 4s 1940 1964 3 M« 1940-1964 'o.75 — b 2.10s 1941-1949 2s 1940-1959 % 124 M to 2.90 % 3 Ms Corp stock July 1 75_ 111M 113 3 Ms Corp stock 1940-1954- b 0.40 to 2.90 3 Ms g exempt 1941 -—M&N b 0.75 0.50 b 1.00 3 Ms 0.75 % exempt 1942 M&N 3 Ms R T 1948-1950—M&N b 2.40 to 2.65 % 3 Msg exempt 1952 2.80 % M&N 6.2.90 to 2.40 to 129 126 M to 3.00 % 123 M 112 serial b 0.50 120M M&N May 1959 b 0.50 % 124 M 123 M 120 M 123 H 124 M 4s Various May 4s Nov 1958 to 2.90 . 123 M 122 M 119 M 119M 128 123 M 123 4s b 2,15 b 0.40 3.25 i-/q to 2.50 b 0-50 122 M 123 M 4s b 0.50 { 0-75 J&D 3.75 to 3.75 — 1.95 b 0.50 to 3.25 A* 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 125M >0.40 July 1,1940 to 1955— 122 M Jan 1, 1977 J&J 1960 M&S 118M Mar 1, 1962 M&S 118M Mar 1, 1964 M&S 119M April 1,1966 A&O 119M Apr 15,1972—A&015 120 M Rap Tr & Wat '74 J&D 121M Feb 15, '41-'66.F&A15 b 0.50 to 1.85 b 0.50 x 122 4s to 2.10 b 0.50 b 2.95 J&D 15 M&N —A&O —J&D 4s 1940-1958 —-J&J 3.40s Nov 15 *40-'55--M&N 3.10s Oct 15 1940 46-A&0 % b 0.35 b 0.25 f 4Ms School 1941 F&A 4Mb Imp & sch *40-'60-J&D Sussex Co 4 Ms '40-'44—M&S 4s Impt 1940-1955—M&N Tenafly 4 Ms 1940-1963.F&A Trenton— 5Ms 1940-1951 A&O 6s School 1940-1955—A&O 4MB 1940-1966 F&A 4 Ms 1940-1960 F&A 2 M b gen fd & ref '40-68 F&A 2 Ms 1940-1954 M&N Union City 4Mb 1940-'64J&D Union County— 4Mb Oct 15 1940-1952 4Mb Rd&Bdge'40-'47_F&a b Basis 2.20 to 2.20 to 1.80 4Mb 1940-1967 4s June 15 1960 b 0.40 4s 1940 to 1944 is to 2.30 5 Ms 19446s 1940-1950 1.90 2.10 to z 2.50 to 1.50 4s Nov 1955 to 2.40 to to b 0.75 Net 4Mb Nov 15,1978—M&N15 4Mb Mar 1, 1981 M&S 4s Oct 1,1980 A&O 4s May, 1977 M&N Buffalo— .00 1965 June 4s 1940-1954 M&N 6 0.30 Auburn 1.60s 1940-1958.F&A b 0.25 Bingham ton— 4Ms Oct 1 1941-1971—var. b 0.50 2s Marl 1940-1956 b 0.20 A&O 6 1.25 6s Rio 1940-1978 to 4M» Feb 15,1976—F&A15 Albany Port District— 4Mb Middle b 0.30 b 0.25 4s Munic & Sch '40-'63_J&J b 0.25 3M 1940-1971 J&D b 0.25 2 Ms 1940-1953 M&N b 0.30 99 100 4^s April 1944.. Water 1940-64..M&S2 b 0.40 1-50 M&N 122 b 0.20 —— M&N 4MB 1940-1963 122 M&S 3 Ms Fund 1940-1941. M&N 2 Ms refunding 1941-'57.J&J Albany (City of)— 4M 1940-1969 M&N 4M 1940-1970 J&D 4Mb I960-- Ask 4 Ms Wat Impt 1940-41-J&J b 0.50 New Rochelle— 5s 1940 1950 M&N b 1.00 to 2.15 b 0.20 Bid Bonds Net Albany County-far4^ 4Mb 1940-1968 Pater son¬ des 1940-1959 4 Ms Feb 1 1945 Ask To or To or Bid Bonds Net New Brunswick 4Mb 1940 M&S 5Hb General improvement 1940-1951 J&D b 0.75 6s Impt 1940-1948 M&N b 0.75 4Mb Refunding 1944—M&N 4Ms Water 1940-1970--J&J b"0.25 Passaic County— Yield Basis Yield Basis To or Bonds t|sue 2.50 to 2.25 to 2.30 to 2.20 to 2.25 to 1.30 to 2.00 0?20 to 1.30 % M&S 6 0.40 to 1.40 % b 0.75 to 2.25 to b 0.75 % % % to 3.00 % to 2.75 % 4.16s 1940-1952 J&D Rome 4.10s 1940-1950—M&N 1.80s1 1940-1945 M&N 6 Rye & Har son Un Fr 8 D No 6 4.40s 1940-1953 F&A 6 to 3.25 1.60 to 2.60 Saratoga Co 5s 1940——F&A 4Mb 1940-1955 M&S b'o'7'5 4s Sept 1 1945-1954—1M&S.b 1.25 to 2.25 b 1.75 b 0.75 b 0.75 b 1.25 b 2.25 2Mb 1940-1957. F&A b 0.75 2.40b May 1 1940-48—M&N b 0.75 2.20s 1940-1959 M&S b 0.75 2.50;% to 3.00 to 3.50 to 3.50 to 3.25 % % to 3.00 % to 3.25 % 4Ms 1940-1945 I I 6 0.20 F&A b 0.75 % I % Rockvllle Centre (V)— 0.50 to 2.50 0.40 to 2.25 0.40 to 1.30 to 2.20 % 1 0%25 STATE AND MUNICIPAL 08 Quotations for To or Scarsdale 4 Ms 1940-45—J&D 6 Schenectady— 4.30s 1940-1948 J&D 4.15s 1940-1960 A&O 6 „„ to 0720 6 0.25 4s Oct 15 1940-1944—A&O 2 Ms 1940-1955 -A&O 6 0.20 M&S b 0.20 L80s 1940-1950—11—M&S 6 0.20 i.lOs 1940-1949". M&S b 0.20 2.20s 1910-1950 Schenectady County— 4Kb 1942-1958—. J&J b 0.85 b 0.25 5s Dec 15 1940-1948—— — Solvay 4Ks 1940 —-F&£ b 0.75 Somers (T) 4Ms'40-53-M&N Southampton— b 0.75 p»5« 1940-1971 M&N .. . „.%T Suffolk County— . „ _ Greenville 5s W W *58..F&A b 3.80 Guilford County— less 1940-1957 M&N b 1.25 Hlrfh Point 4Mb 1940-48.J&J 6100 101 58 Wat Serv 1940 f968 J&D 0.50 % 1.00 % to 1.60 % Iredell Co 5s Aug 1 4 Ms 1940-1950 to 1.50 to % 1.75 % to 2.20 to 1.60 to 2.70 to 3.00 to 2.10 ....J&J to • 1.25. ...A&O 45 to 3.20 b 0.25 b 0.40 Rev 2.60s to b 0.25 to 1.20 b 0.20 to 1.60 b 0.20 b 0.25 b 0.20 to 1.60 to 1.50 to 1.50 b 0.20 to 1.60 b 0.50 to 1967-1969-A&0 J&D & 0.20 1940-'50_F&A b 0.25 6Ms highway 1940-'53.F&A & 0.35 2.20 2.50 to 2.00 % % to 2.40 % to 2.20 Warsaw Union Fr S D No 10— Oct 6 0.85 to 1.25 J&J b 0.25 to 1.60 1940-1942. % Watertown— 1940-1953 J&J b 0.25 J&J b 0.20 5s 1940-1945 1.50s 1940-1946 to 1.40 to 1.10 % % % Thousand Islands— 4Mb Bridge Rev Westchester 103 M '67-M&S 5s Funding 1M% to 2M% to 2.60 due June 30 1940 to 1946— 1.00 to 2.75 2.00 2.45 4Mb 1940-1958 M&N 15 4Mb 1940-1973 J&J 4s refunding 1948-56.—J&J 3s refunding 1956-68 J&J to 2.00 to 2.60 — to 2.50 0.25 to 3.25 0.25 to 3.20 NORTH DAKOTA .75 Oklahoma .20 Highway 4 Ms 1940-'46 A&O Okmulgee 5s Mar 15 1943 .25 0.25 to 2.50 % 2.50 to 2.80 0.25 to 2.60 % % J&J 0.20 to 0.50 0.50 to 2.75 1.50 to % 2.70 % 2.25 % 4Mb July 15 1940-1942-J&J b 0.50 to 1.25 1940-1951 to 2.90 2.20;% | 4Mb 1940-1959 (reg)..M&S 3.90s 1940-1954 F&A 2Mb Sept 1 1943-49 to Wolcott— Yonkers— 6s Feb 1 1940-1952 A&O 5 Ms Jan 1940-1961—A&O A&O 1940-1961 1 1940-1962.A&O 4Mb Mar 1 1940-1956-A&O 4s 1940-1958 F&A 3 Ms 1943-61 _.J&D 3.30s April 1 1940-1956 3.10s Oct 1 1940-19642.80s 1940-1959. M&N 2 Ms gen & ref July 1 '43 *46 2MB 1940-1954 A&O 4Mb July ... NORTH 1.00 to 3.75 0.75 1.00 to 3.75 0.75 to 3.75 to 3.50 0.75 to 3.20 0.75 to 3.20 6s Water 1944-1959—A&O 6 1.60 to 2.75 & % 6 0.50 to 1.50 6 0.50 to 1.75 6 1.75 to 2.00 6 0.60 to 2.40 6 0.50 to 1.75 6 0.60 0.40 6 0.50 to 2.00 6 0.50 to 1.75 6 3.10 F&A '40-'49_F&A -F&A 2.60 6 2.25 2.00 6 0.50 to 2.30 6 0.50 to 2.30 1.00 to 1.75 to 2.25 to 1.25 to 1.00 to 2.75 to 2.70 J&J 1967 Multnomah Co 3 D No. 1— Canton School Dist— 5s 1954 -A&O 4Mb Dec 5 1940-1942-J&D 6 4.40s 1956 Cincinnati5 Ms Imp Feb 0". 50" to 1.50 J&J15 6 0.60 4s July 15 *40-'45 2.60 Portland— 5s Harb Dev 1940-50-M&N 6 0.60 6 1.75 M&N 4Mb Dock 1943- 6 1.50 to 2.50 ' ...M&S 0.50 to 2.00 1940-1962 2Mb Sept 1 1940 to 1956— 2 Ms Sept 1 1940 to 1976— 2s Sept 1 1940-1963-_-M&S 1 Ms Wat. wks. '40-79 M&S 0.50 to 2.10 0.50 1.75 to 2.40 1.50 to 3.00 to 2.35 to 2.70 to 2.00 to 1.75 to 1.90 0.50 to to 2.25 0.50 3s RefAimp 1940-47— -J&D 6 0.60 2 Ms Ref imp '40-'45—M&N 6 0.60 Port of Astoria— to 2.00 0.50 4 Ms 1940-1900 M&N 6 0.60 4 Ms Ref Water '40-'53-J&J 6 0.50 4s Water 1940-1958 J&J 6 0.50 to 2.25 Refunding 3Ms Refund'g 1 Ms July 15 *59 Cleveland— 5 Ms 1940-1970 1965--J&J o Tax anticipa'n notes— May 311941 eries "E T" 0.50 to 3.50 J&D 6 0.50 to 2.90 0.50 4Mb Grad Cros'40-'54_A&0 6 0,50 4 Ms Fire Dep '40-'55—A&O 0.50 4 Ms 1940-1950 M&S 0.50 4s Sewage 1940-1958 M&S 0.50 3 Ms 1940-1949 A&O 0.50 3Ms 1940-1956———A&O 1.70 3 Ms 1944-1953 M&S to 2.80 July 1 1951 Series C—J&J 4Mb 1940. 1944, 1949 J&J to 2.75 4s Highway Apr.l 1940, to 2.75 0.50 to 2.90 0.50 to 2.50 0.50 to 2.40 1945, 1947. 1950. 1952— 3Ms Turnpike Revenue— 1947-1968 F&A Allegheny County— 4M« 1940-1962 A&O 4 Ms July 1940-1958 J&J 4s Bridge 1942 F&A 4s 1940-1958— M&S 2 Ms Dec 1 1940-1965—J&D .J&D 5s W W 1940-1968 A&O 3s 1940-1963 M&S M&S 2Mb 1940-1951 2Ms 1940-1951 73 M 75 M PENNSYLVANIA Cine Southern Ry— to 2.80 to 2.50 to 2.80 to 2.75 — 5s to 3.00 0.75 F&A 1.00 to 2.75 F&A 1.00 to 2.75 less m 6 1.50 less 1 6 0.30 to 1.35 6 0.30 to 1.50 6 0.40 1942, 98 99m 6 1.00 to 2.90 6 1.00 to 2.40 6 1.00 to 2.40 6 1.00 % ^40 to 2.25 Allentown— 2.00 to 2.50 0.50 to 2.80 0.50 to 1, 1.50 to 1 0.40 to 1 1.65 to 1 0.80 to 0 0.90 to 1 39M 38M 39M Buncombe County— East 1.00 to 2.60 4 Ms Water 1940-1960-M&S 6 1.25 Bethlehem School Dist— to 3.20 to 2.50 6 1.00 to 2.20 4s 1940-45-50 0.75 0.75 to 2.40 Braddock to 2.25 Cambria Co 0.75 to 1.50 0.75 to 1.50 0.75 to 2.60 "0".~75" ~0.75~ to 2.80 to 2.55 Cleveland— 4 Ms gou imp 1940-43—A&O East Liverpool 4s 1940—-J&J 0.75 Elyria 4Mb 1940-1952—M&S 5s W W 1940-1940—-J&J 0.75 1.00 0.50 0.50 to 2.65 F&A 2.40 to 2.60 M&N 0.90 to 99 to 0.50 to 0.50 to12.30 0.45 to|2.45 to 2.50 Hamilton County— 0.50 to 1.25 Fostorta 5s W W 1940— M&S 4Mb 1940-1966 J&J 5s Water 1940 to 1945.J&J Durham County— 2.00 1.25 less 2.00 3.25 less 3.30 Ohio municipal bonds Issued to 1 3.60 1 3.20 !3.25i% 4Mb 1943 F&A 6 0.75 4Mb Sewer Oct 1 1940-'47— Lakewood— 4Mb Oct 1945 5s Park & Imp to 2.00 _ 106M 115M 6 1.00 6 1.00 to 2.30 4Mb Jan 1 1940-1940— Fayette County— 4 Ms Highway 1952—J&D Harrisburg— 4s May 15 1940-1953 Jeanette 4Mb 1940-1950-M&S Lackawanna Co 4s 1944-F&A Lancaster Co 4 Ms *40-'60F&A Lancaster 8 D 4s May 1945-_ 6 1.00 to 2.20 to 2.40 6 2.90 2.00 6 0.80 to 2.00 6 1.20 to 2.70 6 0.75 to 2.25 McKeesport Sch Diet— 4Mb 1940-1943M&N 6 1.25 toll.70 °30 to 1.50 Mercer Co 5 Ms *40-*47—F&A 6 1.20 Norristown S D 4 Ms 1943-J&J 1.00 to 2.25 Philadelphia-— 1.00 to 2.50 5s Jan 1951. — to 2.50 -J&J 5s June 1 1962 opt *52-J&D 5s June 1 1932 opt *52.J&D 4 M» May 1948 J&J 4Mb Nov 1 1948 J&J to]2.50 119 120 120 112 112M to 3.00 issued prior to that date are tax-exempt. /(>25 1.25 Twp 4s 1945 1.00 Mahoning Val San Dist— I 4Mb water 1940-1952—A&O & 0.75 Martin's Fy 5s 1940-'44_M&8 6 0.75 since Jan. 1,1913, are taxable, all bonds 103 m to 2.50 M&S F&A Ms 1940-1966 4 Ms 1940-1960 Lower Merion to 2.00 —A&O '40-'41-A&0 Lima 5 Ms Sewer 1940-1947 . 5s Sewer Feb 1 1940-'51 F&A Lucas Ce 4s O H 1944—M&S 4Mb 1940 J&D 21 6 1.30 Erie S D—- to 2.60 M&N F&A 4 M» Sept 1 '07 opt '41 Easton (Water Works)— 2 to 2.10 2.60 1.70 Bridge Easton-Philllpsbiirg 4 Ms. —F&A 1961 Phila-Camden— 0.50 Durham— 4M» *40-'41--M&N 4Mb Nov 1 *40-'45 — _ 1940-1946.M&S10 101M Del River Jt Gomm 0.50 to 2.45 100 to 2.40 6 1.50 Dayton School Dist— 5 Ms 1941 —M&S 5s Mar 16 6 1.00 to 2.25 F&A 1944..J&D 5s W W Imp 1945 F&A 4Mb Bdge 1940-1951.-M&S 4Ms 1940 —M&S 4 Ms 1941-1961 M&S 38M J&D to 2.25 J&D 19 4Mb 1940-1955 s-a Ms 1940-1959 Dayton— 5Ms W W Imp Asheville— 2M Apr 1 1940-1967—A&O 6100M 2Mb 1940-1968 J&D 6100 M 2 Ms 1940-1961 F&A 6100M 4 Ms Sewer 1940-59-Altoona— Cuyahoga County— 4MB 1940-1944 —.A&O 4 Ms 1940-1943 A&O 4 Ms Road 1940-1941— A&O 4s 1940-1941. A&O to 2, 0.40 D— A&O 2 Columbus S D— 5s 1943-1952 A&O to 1.75 6 2.15 4MB 1940-1953 A&O —A&O —J&J J&J J&J J&J 4Mb 1940-1951 J&D Forsyth Co 4 Ms '40-'58_J&D Greensboro— 5s Water 1942 —F&A 4Mb 1940-1983 —J&J 4 Ms 1940-1965 F&A 4s Water Works 1954 J&J Refg 3 MB 1957-1962— J&J % to 1.75 6 0.75 6 2.40 to 3.00 3 Ms 1940-45 1960-1977 2M» 1941-66 to 2.50 6 1.00 37 to 3.25 4s 1940-1968 1940-1959 6 2.00 % % to 1.75 1.00 to 2, 1940-1979 to 2.75 35 6 0.50 to 2 ,'s 1940-1970 to 1.25 6 0.75 Multnomah Co— M&S 0.50 M&N M&N to 6 1.00 4M? 1949-1956 F&A 4s Bridge 1945-1955—J&D to 1.25 6s 1940-1957 2.35 Charlotte— 5 Mb 1940-1948 6 0.50 L % 2.75 % 6 0.75 Ref 1-5% to 2.75 Columbus— 0.50 1 1976 to 3.00 4Mb Bridge 1940-1944-J&D 1.00 0.50 to 3.40 J&J l -4s gen ref July to 3.20 to 3.10 J&J 1 1976 to 3.10 to 3 .10 -A&O 1-48 gen ref July to 3.00 0.75 4M« 1940-1968 1MB 1942-1943 1Mb 1943-1946 6 0.50 % % — to 3.00 0.75 4Mb 1940-1962 2s 1948-1949 to 2.75 2Ms May 15 1940 6 1.25 3 Ms May 15 1941-1945 4 Ms H'way '40-'49 (s-a)-A&O 6 0.60 4s Highway 1940-1942- -A&O 6 0.60 6 0.60 4s Highway 1940-1941 A&O to 3.25 2.25 2 2Mb 1946-47-48 2Mb 1940-1948 6 0.50 2.50 to 1.25 Cleveland Heights S 6s 1940-1959-.. CAROLINA 5s July 1961 to 2.75 Astoria— Ashland 5 Ms 1940-1944.A&O Canton— 5s Sewer 1953 »-M&S 4s 1940-1956 J&D J&D White Plains— A&O 4s Water Works 1942. A&O Allen Co 5 Ms 1940-1950.A&O 3 Ms Sept 1 to 2.60 6 0.50 3%00 OREGON 1.00 1.00 0.75 1.00 1.00 1.00 A&O ...A&O 4Mb 1940-1956 to 3.30 to 3.00 1952-1980 1940-1963-- 4Ms 1940-1947. 4Ms 1940-1952 County 5 Ms July 1948 5 Ms Wat & Pk 5s 1940-1947 (See footnote *) Akron 6s 1940 A&O 5 Ms 1940 1951 -J&J 5s Water 1940-1953—A&O to 1.50 1.50 to 2.75 Tulsa— 2.25 Sewage Dis 1940-65-M&N 6 3.25 4s 3.20 0.20 2.60 6 0.50 . .20 Forks— 0.20 4s Co Bldg 1940-59—M&S 4s June 1 1959-1964—J&D 3 Mb 1940-1951—J&D to 1.75 - 5s July 1 1965 4 Ms July 1943 County— 5s 1940-1976— J&D 4Mb San Sew *40-'82—J&J 4Mb Parkway 1962-86-J&D 4Mb Co Bldg 1940-44--A&O 4Mb '44. '45. '56 & '69 J&D 0.50 6 0.50 OKLAHOMA to 2.75 1.00 1.00 M&S Sept 1940-1947 '46-'51—F&A J&J J&J 4 Ms Sewer 1955 A&O 104 M / W inston-Salem— OHIO % % % % % % % % % to 2.70 to 2.80 Grand % % 2.40 % % to 2.50 1 less 1.00 1.00 to 2.75 1.40s 1940-1969 * 1940-1959——A&O 4 Ms 1940-1950 A&O Youngstown— 6s Bdge 1910-1941..—A&O 4Mb 1940-1957. A&O Youngstown School Dist— 4 Ms 1944-1947 M&S 5s 1940-1944— M&S Zanesville S D 5s '40-'43_A&0 %" 112M to 2.30 Warren Co 4Mb s 4 Ms 98 101 2.75 Impt 1955 A&O 4Mb 1940-1962 A&O 4Mb Pub Imp 1940-60.J&J to 2.60 Toledo School Dist— to 3.75 4Mb July vl951 & 1955...J&J 6 3.75 4Mb Jan 1957 J&J 6 3.75 6 3.25 Fargo 4s Aug 15 1940-1954 2.75 % 5 "o.5o" 12, a M&S15 M&S 4Ms Nov 1 1940-1953 4s Park July 1 1942 J&J Wilmington— 5s Ref & F&A 4 Ms 1940-1954 4 Ms 1940-1953 to 3.20 43 1972 % 111M 4Ms 1940-1950 A&O 4Mb 1940-1970".— J&D 4Mb 1940-1965— J&J Utica— 8 Pub Imp *40-'45-J&J15 :0s 1940-1949 F&A 4.15s 1940-1950 M&N 4.10s 1940-1946 A&O 3.90s 1940-1948 F&A 3Ms May 15 '40-'51..M&N Revenue 2.75s 1940-66 A&O 5a 100 to 1.00 A&O 5s W W 1940-1944 _ 6s 1940 reg— 2s Salisbury 6s 1940-1941 _-M&N Transylvania County— Refunding 1M% 1940-1942 2% 1943-47. 2M% '48-'52 3% 1953-57 and 4% 1958- to 2.25 to 1.50 6s Pub Wharf 1960—M&S 5s Sewer 1949— M&S Randolph*County— 4Mb 1940-1947 F&A 6 1.25 4Mb 1948-1959. F&A 6 3.25 Rutherford Co 5s '40-'52__J&J 6100 to 1.25 Toledo 0.50 Trlborough Bridge— 4s s f revenue 1977 A&O 4s serial revenue 1942-'68— 3 Ms 3 Mb Summit Co— 4M 1940 .00 to 3.50 „ 4Mb 5s Bridge %~~ Union Free Sch Dist— 2.80s 1940-1958 M&N b 0.50 4Mb 2.75 to 3.80 5s Farm L'n 1940-45&'50 J&J 6 3.00 5Ms 1945 & 1948 ser O...J&J 6 3.25 to 3.25 0.50 . Troy— 6 2.80 A&O 6 2.25 *42-F&A 2Ms June 30. 1940-1948 2s June 30. 1949-1954 Muskogee— 4 Ms Aviation 1940-53-J&J Oklahoma Gity5s Water 1940-1947- -M&S 4Mb Water Works 1941 J&J 5 D 4 Ms 1940-1953—J&J 0.50 .J&J Water 1940-1950—J&J 5 Ms to 101 1940-1951—F&A 6 1.00 to 3.20 Mecklenburg Co— 2.20 6s Ref Nov 1950 M&N 6 2.25 % Pitt County— % 2.80 to 3.30 0.50 4Ms 1943-1947 M&S 3.80 3.90 5s Fund June 1959 J&J % Raleigh— 2.60 5s Impt June 1 1944--J&D 6 2.65 % 4Mb 1940-1967_. A&O 6 1.25 to 3.50 4s 1946-1950 —M&N 6 2.85 to 3.10 % 3 Ms 1951-1956 % M&N 6 3.00 to 3.25 3s 1955-1970 A&O 6100M to 97 M % 4Hs 1940-1957 A&O 0.40 to 2.06 3 Ma 1940-1951 —£&A 0.20 to 2.00 2 Ha High & ref 1940-57 M&S 0.20 to 2.06 % 2.20s June 1 1940 1962 J&D 0.25 to 1.50 % Sullivan Co 4 Ms '40-'45.A&0 Syracuse— 5 Ha 1940-1960 M&S 0.25 to 2.25 0.25 to 1.50 4Mb 1940-1944 ...M&N 0.25 to 2.50 4.20s Dec 15 '40-71 J&D15 0.20 to 1.60 4s 1940-1946 F&A 0.25 to 2.00 3 Ma 1940-1951 J&JJ5 0.20 to 3.50 3s 1940-1971 J&J15 0.20 to 2.00 2.20% 1940-1957—M&S 0.20 to 1.90 % 2s 1940 1956 M&S 1.40 to 1.50 % 2.10% Aug 15 1946-1947—0.25 to 1.60 1M« 1940-1948 F&A 0.20 to 1.40 IMs 1940-1946—--M&S own" Thousand Isl'dse See Watert Tloonderoga S D No 5— 4Ms July 1940-1958 J&J b 0.60 to 3.00 % Tonawanda (City of)— 0.75 to 3.10 % 3 Ms sewage 1940-69—-J&J 0.50 to 1.50 % 4Mb 1940-1942...—J&J 0.50 to 3.10 % 4Ms Sewer 1940-1953—J&J 5«J7ater_1940-1950 Conservancy Dist— 6 0.50 5Ms (1 to 5 yr mat'y)__J&D 6 1.25 5Ms (5 to 10 yr mat'y).J&D Montgomery County— 5s Flood Emerg '40-'42 J&D 6 1.00 Newark 4 Ms 1940-1941- _A&0 6 0.50 Portsmouth City S D— 6 1.25 4 Ms 1940-1950 J&J Springfield— 6 0.50 4Ms 1940-1949 M&S 6 0.50 4s 1940-1955 -M&S Lincoln Co— to 2.10" Net Ask Miami to 3.35 4 Ms r# or Bid Bonds Net 1 % to 2.10 to Ask 1.50!% 0.25 to 1.60 _ Yield Basis To or Bid Bonds Net Ask Bid the date of issue Yield Basis Yield Basis Bonds BONDS all securities are as near as possible for the closing day of the month preceding 6 Basis. / Flat price. 121M 121m Il3M % °A0 Jan., 1940] STATE AND Quotations for all securities are as near as MUNICIPAL Yield Basis I Ask Philadelphia (Concluded)— 4 Kb 1976 opt 1940 108 H 4Kb Dec 17 1978 J&J 111K 4s July 1942 J&J .105 __J&J J&J 4s Jan 1 1946 4s Feb 16 1955 Bonds SOUTH 109 K 112 107 K 113 to 2.10 b to 2.90 Jackson 1.50 to 2.90 J&J b 1.25 J&D b 1.00 4s 1940-1956 J&J15 6 0.25 b 1.50 to 2.80 Operating Revenue— 1 Kb Apr & Oct 1940-1941 b 1.00 less 5 Kb Dec 1 1940 100 b 2.25 l ess I b 1.75 less 34 5 2.00 5 2.00 to 2.80 5 1.75 to 5s 1940-1960 M&N 414s 1940 1970 M&N 4 34 1940-1945 M&N 4s School 1940-1951—.J&J 2Kb 1940-1957 J&J 2Kb voted 1940-1958-F&A Dallas Co 434s Apr 10 1951. % % 2.25 % to 2.60 5 2.30 ess 1 El 80 90 J&D to b 0.75 to 95 65 95 100 to 12.10 Public Works Relief— 5 1.00 less School District— 3s 1944-1964- F&A 2Kb 1940-1963 J&D Reading 5s Impt 1943-49-J&J Schuylkill County— 4Kb 1940-1955--J&J Scranton 4Kb 1940-1941.F&A b 1.50 to b 0.75 b 1.50 2.10 to 2.20 to 6100M to F&A b 101 5s 1940-1950Scranton School to District—_ 4KB 1940-1956 -J&J 6100>4 3% opt rev 1940-48--M&N 6100)4 2.20 2.70 2.10 2.75 to 3.00 to 2.55 Wilkes-Barre— 4KB 1940 J&J 4Kb Impt 1940-1945—J&J b 1.20 York 4Kb 1940-1943 F&A b 0.70 - 1.00 - to to — 1947-1948 J&D Sept 1 1944 Sept 1 1945 1948 J&D 3.90s Sept 1 1955-1958 4s 1940-1955 43*a 1940-1967 434s bridge 1944-1945 6s July 1 1943 6s April 15 1946-1947 Carter County— 5s fhnding Jan 1 1959—J&J 534s road Chattanooga— to b 1.00 Sept 1 1946 2.00.% 1.40 % ISLAND^ to lk% 1910-1943-"-J&D June 1 to 6 3% Public Wks 1951-56-M&S b 4s Chant Inst 1965 M&S b 4b June 1 1977 J&D.6 0.75 0.75 1.35 2.00 2.10 Cranston— 2Kb Nov 15 1942-1971---- b 1.00 J&J b 1.00 4s 1940-1966 4Kb Mar 15 '40-73-M&S15 b 1.00 5s 1940-1942 A&O 0.75 Newport— 5 Kb June 1 1940-1953 0.75 4Kb May 1940-1942..M&N 0.75 4s May 15 1948 2.00 M&N 2.10 3Hs g High sch 1954.J&D Pawtucket— J&J J&D M&N 4KB 1950 4 Kb Sewer 1952 4KB School 1954 to 2.60 2.75 2.75 to 1.25 to to to 2.25 to 1.00 1.75 2.00 5 1.90 5 1.95 1.70 % 1.75 % 5 1.50 5 1.65 1.40 5 2.00 2.50 5 0.50 to 2.70 5 0,50 to 4KB 1940-1959 4s Jan 1 ...J&D 2.00 96 98 Electric Power Revenue— 234s 1941-1968 J&J 5 1.00 to 3.10 % 2Kb July 1 1969 J&J 5 3.15 3.00 % 434s School 1956 A&O 5 3.90 3.75 % 4 34 s Memorial Aud'52M&N b 3 90 —3v75 \%~ 5s Hospital 1954 M&S 5 3.90 3.70 % Davidson County 4Kb Highway 1947—J&J 6 2.10 1.80 % 5% Co Memorial '40-'50J&J 6 0.50 to 2.20 % Dyer Co ref 3 34-4 Kb 1965 77 80 Fayette County— 4Kb Road 1958 J&J 6 4.50 4.30 Gibsoa County— 434s, 1940-1958 6 1.50 to 3.80 Hamilton County 434% Refunding 1957.A&0 63.70 3.50 5% Bridge 1944. 6 2.75 2.50 Jackson— 4Kb Ref 1940-1948—J&J 6 1.00 to 2.75 Johnson City— 534» Impt 1939-1946—J&D 93 96 Knox County— 434s Bridge May 1 51 M&N 6 3.20 3.00 % 3.00 2.75 3.00 2.75 2.85 Refunding 434s Jan 1 1958 Refunding 434s Jan 1 1958. Refunding 5s Jan 1 1958 2.50 Refunding 6s Jan 1 1958 „ 1945 4s Oct 1 1954 —-J&J A&O 1.15 10334 General 103 4s May 2 1957 4s Water 1962 M&N2 104 4s Oct 1 1964 4s 1940-1950 3s 1944-1951 6 3.15 111 3.00 6 3.60 3.40 2J4s 1951-1959 1940-1957 6 1.50 to 3.25 2Kb 2s May 1 1940-1958 WPA School Loan— to 0.75 to 1.25 to 2.25 to F&A 0.75 to 0.50 to J&J b 1.35 3s 1946-1965 Woonsocket— to 4H4 funding 1941 J&D 1.75 6s Fund 1940-1961 M&N 1.00 to J&D 1.00 to 4Kb Funding 1944. —M&N 4KB 1940-1967 J&D 4Kb June 1940-1957—J&D 5s Funded 1940-1959—A&O 4s Funding 1947 A&O 1.85 4Ka 1940-1967 1.00 to 1.00 to 1.00 to 1.90 2.35 2.20 2.25 2.50 2.50 2.20 2.50 1.50 2.85 % 2.85'% 1.501% 2.90!% 2.60 % 2.60 % 1.75 % CAROLINA 434s Water 1949 434s Park 1959 434s 1940-1955 4s 1940-1954 1.00 to 3J4s Refunding 1940-1965—_ State Highway Certificates 1.00 to of 3s 1940-1952, J&D J&D 1.00 J&J 1.00 1.00 A&O F&A 2.30 Aiken Co 4Kb 1940-1945.F&A Anderson Co— 1.00 4Kb Highway 1940-43.F&A Charleston 414s Jan 1942-J&J 1.00 2Kb 1945-1954 1Kb 1941-1950 3Kb Wat Works'40-78A&O Columbia 5s Ref 1941— M&S Water 1945 1.00 2.50 1.00 2.25 J&J 2.30 Greenville 5s St 1942 J&J 8 V*s water ref 1940-76 M&N Greenville County— 2.25 4Kb 1940-1955 J&J 4Kb Highw 1940-1945-F&A 1.00 2.50 2.50 to 2.50 to 2.80 to 2.40 ~/o to 2.30 % to 2.25 % 2.35 % % 1.75 % 2.25 % 2.10 ^.iu % to 3.25 % to to 3.25 1.00 to 1.00 to 2.75 % 2.30 % Greater Greenville Sewer Dist 4KB 1967 334s 1940-1944 2.10s 1945-1954 Electric Plant— 3s sewer 2Kb sewer 1949-1958.J&D b 3.00 Kershaw Co— 5s Highway 1940-1946-F&A b 1.00 Marlon Co— 4Kb 1940-1941 M&S b 1.00 3.50 % to 3.00 to 3.25 1 to 2.80 % to 4Kb Water 1940-1965-J&J 5s Nst 1 1943 1.00 to 1942-1949 1950-1969 4Hs 1940-1950 M&S 1.00 to 1.25 to 2.80 % J&J 1.00 to 2.70 % 2.60 % 3.25 1 % 1949, 1954, 1959. 1964 F&A 6 0.75 3.85 to 0.75 to 3.25 0.75 to 3.25 0.50 to 3.25 0.50 to 3.25 0.75 to 2 1.25 70 1.50 to 3.40 to 3.75 Wichita Falls— 4% to 434% due 1969 95 97 pages 19 and to 1.80 UNITED STATES—See Refunding 1941 Ref 1940-1945 J&J 6 0.90 A&O 6 0.50 6 1.90 4s Ref 1946-1965 Salt Lake City S D— 4s May 1 1949 92 0.50 % to 1.70 A&O 0.60 to 2.50 M&N 6 2.10 1.90 2.15 % 6 2.90 % to 1.80 5%-2 34 % Refund '58.M&N 6 2.20 Salt Lake Co 434s Apr 1 1942 6 1.00 0.75 VERMONT 2.75 % 6 0.50 to 2.30 6 0.50 J&J 6 2.50 A&O 6 3.00 to 2.90 2.30 2.90 % i I J&D 6 0.50 M&3 6 0.50 to 2.75 % J&D 6 0.50 J&D 6 1.65 to 1.50 to 2.20 % % J&D 6 1.00 J&D 6 2.00 334s 1940-1948 J&D 6 Par 4Kb Oct 1 1940-1949—.A&O 6 0.50 to 1.75 to 1.85 Brattleboro— 4s Refunding 1942-1951 J&J 6 0.75 Burlington— 434s City Hall 1940-55. J&D 6 1.00 Rutland (School Debt)— 4s 1940-1948 F&A 6 1.00 to 1.75 to 2.35 to 2.75 . 4s (Commonwealth) 1962— 234s Refunding 1947-'60—J&J 1348 Refunding l940-'46—J&J 3.00 Albemarle Co 5s 1948 to 1.00 to to 2.00 to 2.35 VIRGINIA to 1.90 6 2.25 2.10 6 2.10 1.60 6 0.25 to 1.75 J&J 2.50 Alexandria— 2.70 to 2.20 3s 1940-1973..J15 & D 6 0.30 to 2,80 % F&A 6 0.50 to 3.00 to 2.75 Bristol— % to 2.75 534s School 1940-1953.. J&J 6 1.50 Charlottesville— to 3.30 % to 2.00 1.00 to 1.50 5s 1962 opt 1942 M&S 6 1.60 5s Water Impt 1958-__J&J 6 2.85 1.60 to 2.30 . Arlington County— 534s 1940-1954 0.40 0.75 0.50 to 2.50 0.50 0.50 0.50 15 Danville— 434s July 1 1940-1950--J&J 6 0.30 Fairfax Co 454s 1945..F&A2 6 2.75 Henrico County— School 5s 1940-1950—.J&J 6 0.30 92 88 2.75 4s Courthouse 1957 A&O 6 2.65 5« Aud Mkt H'se 1949.M&S 6 2.45 2.50 , 2.20 1.50 % 2.75 % to 2.75 % 2.50 % Lynchburg— Shelby County— 434% Jail 1940-1951—M&8 County— 6 0.50 Fdg to 3.50 434s Road July 2 '40-'58J&J Washington County— 5% Fdg Jan 1 1954 J&J White County— 534% Highway 1955-M&S 6 2.00 to 434s 1940-1972 5% Water May 1952 3.90 6 3.80 3.60 6 3.75 3.50 to 2.65 98 to J&J 6 0.50 J&J 6 9.50 J&J 6 0.50 J&J 6 2.50 3.50 % Works 1954.M&S A&O 6 1.25 5a 1949-1965 J&J 6 1.00 J&D 100 A&O 6 1.00 -A&O 6 3.10 0.75 % to 3.00 % to to 2 50 to 2 80 % % 3 to to 10 3.40 % 3.40 % to 3*40 to 3.60 6 0.25 to 2.30 % to 2.85 % Water 1948 J&D 6 1.80 Richmond— 434s 1958 J&J 434s July 1 1964 J&J 434s July 1 1941 J&J 4 34s July 1 1965 _.J&J 234s 1940-1953 J&J lMs Jan 1 1941-1960 Roanoke— 2 34s Water 1940-1908.A&O 2 34s Jan 1 1941-1958—J&J 434> 1940-1956— Staunton 5s 1940-1958—M&S Tazewell Co 5s 1940-40—J&J Washington County— 5o school 1940-1949 J&J X Optional to Jan. 1, 1943 at 104; 1948 at 103; 195^ at 102 and 1958 at 100. to 3.40 % 3.00 5% Port Terminal May 5s % 2.60 *52. 6 2.80 Petersburg 434s 1952—.A&O 6 3.00 Portsmouth— 534s 1951F&A 6 3.00 434s 1940-1954 J&J 6 0.75 „ TEXAS Abilene 5s Feb 15 1959-1965-90 Amarii'o434s '40-'58-M&S 15 6 1.00 4Kb 1940-1961 4 34 a 1940-1953 4 34s 1954-1958 Beaumont— J&D Norfolk— Tipton County— 5s 1940-1942 4 34s June 1 1957 4s Pub Impt 1940-1959.J&J 6 0.25 Newport News— 4 Ms 1940-1958 F&A 6 0.50 to 2.35 1940-1958—J&J 6 1.00 Smith 434s 1940-1970 4a 1942 opt 1922 334s 1940-1952 4s 1953-1977 1.50 to 3.75 A&O 4Kb ref Apr 1 1953-1964— 6 3.50 I to 2.70 Austin— f Flat price. 3.25 to 2.65 3.00 5s Water 6 Basis. w Wichita County— £ 6 3.40 434s High Sch 1940 J&J 6 434« Hospital '40-'56—J&Jife 434» 1940-1968 M&N 6 434s 1940-1967 J&J b 4 34s 1940-1948 M&S 6 Electric Power Revenue— 334s 1942-1945 J&D 6 234s 1946-1959 J&D 6 Polk Co 5s 1910 -1946 J&D Robertson County— 434s Road 1948. -F&A 6 3.20 % 2.25 % J&J 5s 1940-1952 York County— 25 0.75i to 2.00 5s 2.00 % 2.50 to\3.25 36 3*25 0.75 4s Spartanburg— Spartanburg County— 4Kb 1940-1947— Sumter County— 1.00 0.7, 5s Water Works 1942..J&J 4 3*s Water 1940-1968—J&J 6 1.00 ^ 6 0.75 6s 1940-1942— —.A&O 6 0.50 5s March 1940-1960—-M&S 6 0.50 5s Memorial 8q '40-50.M&S 6 0.50 534s M&N 4.00 1940-1958-..J&D'6 1.00 2.75 3.20 J&J „ land River Bdge 1953.F&A 6 3.20 to F&A to to 3.40 Salt Lake City— Nashville— Indebtedness— 4Kb 1940-1953 3Kb 1940-1949 4Kb 2.75 2.60 3710 534s April 1 1941 J&J 6 0.85 1348 refunding 1940-1955 6 0.60 Ogden 434% 1940-1945—F&A 6 0.70 Montgomery Co 5s Cumber¬ 4s Instltu'l 1940-1959——J&J 3.00 Waco— 10434 10434 10434 Gas Plant— 2.10s 3.25 % to 2.70 UTAH 10334 103 34 103 34 Obligation 434s General Obligation 4Kb General Obligation 5s Funding 5Ms Sept 1950 Water 434s 4s Funding 1952-1962.A&0 Electric System Revenue— 33*s 1941-1954 J&J 334s 1955-1958 J&J Madison County— 434% Highway '40-'49 J&D Memphis 5s July 1954 J&J 5s River Term '40-'48_A&0 4Kb Water 1940-1962—J&J 3 34s SOUTH to 534s W W 1940-1965.M&N 5s Sept 1940-1959-.—M&S 5s St Impt Dist No 2 1943.. 434s 1940-1967 J&J 434s 1910-1968 .F&A 3s July 1 1940-1951 J&J 106 10934 J&D J&D F&A 2.40 2.80 2.75 0.75 Knoxville— 2.20 2.20 2.35 2.35 2.65 2.65 J&D A&O to to 8an Antonio— 105 105 to 6 2.25 D 4s '40-'64—F&4 Port Arthur-— 5* 1940 1970— 10434 10434 0.75 1.35 2.35 to 2.25 4Kb Apr 10 '4O-'50-A&OlO 6 0.50 to 2.40 % Houston— 0.50 to 2.50 434s Sept 1940-1952—M&N 0.50 to 2.60 4Kb 1940-1957 J&J 1.25 to 2.65 4Kb Impt 1940-55(s-a)_J&J 1.00 to 2.25 4Kb 1942-1947 2.00 Houston S D 5s Feb 1952 4 34s 1940-1951 J&D 6 "0.75 to 2.50 Palestine 5s Sch Aug 1 1944, 6 1.75 to 3.75 1.30 92 6 0.50 6 0 50 Harris Co— 2.75 90 to Grimes County 1.60 5 2.20 to 2.00 to 2.75 0.75 6 1.80 J&D 6 0.75 0.75 F&A 5s 1940-1950 % 1.85 5 2.70 5 1.80 5 1.60 6 0.75 6 534s Road 1940-54.A&O 10 6 1.25 1.25% 3.10 Providence— 102 6 0.75 324s Nov 11940-1967.M&N Galveston— 5s Grade Raising 1944.A&O 5s School 1940-1954—M&S "" RHODE :<.75 % ro A&O 434s 1940-1971 4Kb 1940-1964 4s Refunding 1941 34 Ind Sch 234s 334s 334s 334s 2.20 __J&D b 2.40 1953 4K% 3.25 101 A&O 6 1.00 Fort Worth 5s 1951 5s 1940-1959 75 TENNESSEE 3s Net I'aso— 454s 1940-1960 2.10 b 0.75 to 2.10 r. 5s W W purch I960...A&O 5s Impt Aug 1 1948—.F&A 2.10 b 1.00 b 0.90 Ask Dallas— Pittsburgh— 4Kb 1910-1950 J&D 2^s Sch Dist 1940-62.A&O 2Kb July 1 1940-1956--.T&J 2Kb Feb 1 1940-1958-F&A Bid 534s Impt Apr 10 1956-1966 Corpus Christ! 5a fd "67.F&A 34 Sioux Falls S D— 100M To or Bonds Net Co— 434s fund 1940-*47-M&N15 Perkins Co refunding 3-4s Stanley Co refunding 4Kb to 2.00 Ask Brazoria Co— ......M&S 5Kb Jan 15 1943 J&J15 4Kb Rural Credit 194?-J&J 434s Rural Credit— Due May 1 1943-'50—M&N Ref 4s Aug 1 43-'49...F&A 3 34s 1043 to 1946-. F&A 3s Feb 1 1947 ——F&A Corson County— 4-4 Kb 1942-1958 ... 4s 1940-1942 Bid DAKOTA 6s Sept 1941 5s Jan 15 1940 114 K 4s Nov 1 1966 J&J 116 120 4s July 26 1972 -J&J 105 X 10624 3 Kb July 1 1986 opt 1956._ 10634 105^4 3Xs Jan 1 1941-45 J&J b 0.60 to 1.80 % 2Xb Jan 1 1946-1960.-J&J b 2.10 to 97 34 Philadelphia School Dist— 4Kb 1910-1913 J&J 4Kb 1941-1959 M&N 4Kb Apr 15 1940-58.A&Ol5 Yield Basis To or Net 99 Yield Basis To or Bid Bonds BONDS possible for the closing day of the month preceding the date of issue less 1 less 1 less 1 to 3.10 less 6 2.10 less 1 6 2.15 less 1 6 2.10 less 1 6 0.25 to 1.90 % 1 0.50 6 0.20 to 1.65 f 6 0.25 to 2.60 % 6 par 6 0.25 to 2.40 6 0.25 to 2.85 6 0.25 to 2.30 t 6 0.50 to 2.90 % to 2.50 i STATE AND MUNICIPAL BONDS 100 Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Ask Bid Bonds To or To or Yield Basis Yield Basis Yield Basis Bonds Net Charleston 8 D— 5s 1940-1952 Seattle School Dist No 1— WASHINGTON 6s Gen J&J Fund 1940 3M%Gen obllg -.1951-52 Toll Bridge Authority— Revenue 4s 1968 J&D Olark Co 5 Ms *52 opt '33 A&O Refunding 6s 1955 M&N Everett— 4 V^s Gen oblig wat. 1940-59 "Water revenue bonds— 1946-— 4s 1946-54 optional 2s 1941-1945- 4s 1946-1950 M&N 6 2.20 Spokane— 4 Ms Park 1962 J&J b 3.25 b 0.75 to 1.00 4s & 4 Ms ref 1940-51—J&J b 1.00 b 0.75 to 1.30 3Ms Ref 1943-1954 —-J&J b 2.25 b 2.30 to 2.50 4Ms 1940-1954 M&S b 1.10 b 2.50 to 2.60 5 Ms 1940-1953 J&J b 1.25 6 2.40 to 2.50 5s Imp Mar 1 1940-1942—. b 1.00 Spokane Water Revenue— 101 99 4.00 4Ms-4Ms 1940 1941—A&O b 1.00 Tacoma—Revenues— bToo" ""3.75 % 4Mb Water '40- 43 (s-a)J&J b 1.25 4Mb EIL&P '42-'46(s-h)J&J b 1.50 6LOO to 3.50 4MsEIL&P'40-51(s-a A&O b 1.00 4s Water 1944-1946 J&J 5 2.25 2.90 6 3.10 b — 0.75 to 2.40 b 1.00 to 2.00 b 1.00 to b 1.00 to 3.00 3.00 & 1.00 to b 1.00 to J&J b 1.00 to 3.15 3.15 P—A&O 5 Ms L & P 1940-1943-M&N 5s Light & Pow 1942-56A&O 4 M T.t & Pr 1940-'58—M&N Emergency Funding opt *44 4Mb 1941-1959 opt--M&S General obligations— 4Mb 1941-1955——A&O 4Mb 1940-1957 A&O b 1.50 to 2.25 b 1.50 to 4 Ms Jan 1940-1955 6s 1940-1941 L & Munic Lt & Power Rev— 4Mb 1949-68 opt 4s 1940-1953 3 Hb 1943-1953 3 Mb 1910-1954 b Basis. M&N A&O A&O to 2.70 to 2.50 b 2.25 to 3.90 b 1.50 to 4.00 6 1.50 to 6 1.50 to 3.10 3.10 3.20 . 6 2.00 to 3.85 6 3.00 to 3.85 6 2.00 to 3.75 to 1.60 WISCONSIN 5 1.00 to 2.50 4Mb 1940-1949 Milwaukee—5s 1940 5s Wat rev 1940-1951-J&D 5 1.00 to 3.25 to 2.00 to 2.00 4M« ref wat Yakima— 1940-1954--J&J to 1.40 J&J 5 0.30 J&J 5 1.40 to 2.00 1940-1943 J&J 5 0.25 4s 1940-1950 J&J 5 0.25 4s July 1948-1952——J&J 5 1.70 to 0.75 4M« 1940-1946 1945-1954 J&J J&J 3 Ms 1951 and 1952 3 Ms 1943-1952 5 to 1.85 to 1.90; Capital 0.75" to 1.90 10 (Hartford) to 1.40 5 1.40 AUemannia Fire (Pgh) Amer Alliance (N Y)_ 10 (Read'g.Pa) Equitable (N Y) 5 5 Amer Gas 10 (Wash'ton) 100 Amer Home Fire(N Y) 10 (Newark) 2M Amer Reinsur (N Y)- 10 (N Y)_ 10 Amer States (Ind'nap) 10 Amer Reserve Amer Surety (N Y) — Automobile Ins Hartf) 25 10 Baltimore Amer (Bit) 2M 25 Bankers & Shipp (NY) 100 Boston (Boston) Buffalo Ins Co (Buff) 100 5 Camden Fire (Camden) to 2.00 4s Road 1951 opt 5 1.00 to 2.00 to 2.00 Road 1950-1951 J&D M&S 1Mb Road 1944-1964 Charleston— 2Mb 1940-1958 2Mb 5s 0.50 0.50 0.50 to 1.40 to 1.80 1.00 to 3.00 1.00 to 1.50 1.00 2.00 to 225 to 1.90 to 3.50 J&J 5 0.60 0.55 5 0 50 to 1.75 100 M 6 Tib" to 2.00 J&D 5 0.50 to 2.20 5 2.15 to 2.50 J&D 1958-1972 1941—A&O 1940-1944. preceding the date of issue. Surplus 31, Premium 375,943 200.000 1,272,601 1.000,000 3.343,740 10,857,420 2,000,000 4,547,339 1,317,678 1,000,000 353,581 300,000 7.500,000 5,200,522 5,000,000 7,875,522 1,500,000 1,973,048 1,000,000 2,159,517 3,000,000 10,934,125 1,000.000 2,332,123 2.000,000 4,112,115 Reserve Bid. Per 16,777,037 20,016,996 5,357,42o 5.561,485 125M 129 M 1,492,496 23 M 24 1.923,319 1,425,908 4,681,385 75,899 881,417 12,083,301 1,194,528 2,564,981 918,486 5,866,118 9,101,043 2,398,081 3,246,998 4,589,103 2,411,373 5.246.165 51 53 30M 80 M 21M 22 M 7M 20M 33 M 84 8 22 115 10 637,530 1.000,000 1.381.316 *20,156,811 5 2M 2M 10 5 10 20 Fidelity & Dep (Bait; Fldelity-Phenix (NY, 2M 10 10 20 25 5 Franklin Fire (Phlla). 5 General Reinsurance 5 10 Fire & Mai 10 Fire (N (Hartford) Home (New York) Home F & M (S F) Home F re Security._ Homestead Fire (Bait) (Philadelphia) 5 10 No Par Value, 1.605,556 7M 1,393,574 J* 23 26 63 65 7.096,478 380 400 20M 22 M & Mfrs ts of York New 2,698,700 1,628,929 3M 5 1,000,000 8M Insurance (Wash)— Nat Union Fire (Pitts) New Amsterdam Cas 929,761 96,715 4M -7M 14 M 131M 137 1i* 2 1,000,000 4,000,000 6.119,385 12M 14 M 10 1,000.000 1,929,254 1,526,968 33 M 35M 10 3,000,000 8,322.928 1,000,000 2,433.796 5 tJM Y) 2M 1,500,000 1,922,983 2,0 0,000 13,802,274 1.000,000 5,315,714 4.548,721 2,322,932 2,236,556 5,831,894 4,794,244 47 5 5,493,222 5,355.079 (Baltimore) Brunswick Fire (NewBrnns.NJ).. New Hampshire Fire (Manchester, N H) New 7 New York Fire.-— N'eastern (Hartford). North River in* 165 1 Northern Ins Co(NY) 12M 15M 3H 25 M 104 NorthwesternNational 69 72 27 M 29 30 31 (Milwaukee) Occidental Ins (SF)— Old Line Life (Milw)_ Pacific Fire 25 10 10 25 (N Y).__ 10 Casualty..5 Phila Life (Phila) 10 Phila Nat Ins (Phila). 10 Phoenix Ins (Hartf)— 10 Pan-Amer Life (N O)Peerless 35 37 40 M 40 M 1H 49 7 46 M 2M 51 9 47 M Preferred Accident (New York) Protective Indemnity 126 46 39M 32 30M Providence 67M Reliance ins (Phila)— 122 68 M 27 91 "94"" 11 9M 31M 42 M 23 M 33 M 44 M 25M 27 M 25 M ton - (Providence).. ReinsuranceOorp(NY) Republic (Dallas) Revere (Paul) Fire... Rhode Island (Prov). Rochester American (Rochester) St Paul F & M (St P). Seaboard F & M (NY) 16M 18 Security Ins (N Hav). Spring! ield Fire & Mar (Springfield. Mass) 70M Stand Fire 40 11 W* 42 12 13 28 29* 15M 25 M 82 M 26 M 85 M 21,176,385 2,500,000 *67,517.733 1,191,986 1,943,445 41M 34 W* 27 2M 1,000,000 1,000,000 823.786 2,481,657 728,959 *18.299,023 3,364,167 2.970,904 1,000.000 1,006,536 *33,088,084 231,918 400,000 1,050,988 700,000 213,507 *12,301,598 516,344 1,000,000 1.231,495 8,582,885 6,000.000 38,807,872 17 M 1,000,000 2,916,924 1,856,649 10 2 10 10 3,000,000 1,530,000 1,000,000 2,000.000 5,989,911 4,925,656 1.871,071 3,093,912 4,528,774 302-.479 34 M 22 10 1,000,000 1,000.000 1.356,309 596,816 884,075 2.518,622 1,202,436 1,703,257 5 10 5 10 25 10 10 10 25 (Trenton). 12X 1,000,000 1,866,405 4,000,000 23,912,397 1,000,000 1,000,000 2,000,000 814,309 1,000,000 3,839,180 5,000.000 13,740,691 1,000,000 2,057,265 831,574 9.594,343 669,168 855,000 4.012,609 12,033,372 2,122,829 19,089 Stuyvesant Fire (N Y) 5 500,000 832,348 Sun Life Ass'nce (Cas) 100 2,000,000 18,118,208 *64,064,391 Travelers Fire (Hartf) 100 20.000,000 33,356,461 *836 992853 US Casualty con vpref 2,446,031 2 1,000,000 2,117,312 7M 28 25 M 3 27 242 7 35M 34 36 8 23 38* 27 4M 30 247 8M 21 ^ 36 123 M 127M 65 3 4— 280 330 430 440 U 8 Fidelity & Guar¬ anty (Baltimore)—. U S Fire (New York). 62 M 2,000.000 1,000,000 Washing - Seaboard Surety (NY) 21 U 8 Guarantee Co... Univer Ins (N J) 2 4 10 8 West Coast Life (S F) 5 Westchester Fire(NY) 2M Wisconsin Nat Life— 10 2,000,000 9,093.368 2,000,000 18,973,428 14,937,079 9,831,793 2,889,430 \5.336.231 457,694 400,000 1,200,615 375,000 225,000 *22.982,425 5,492,963 1.000.000 9,174,888 400,000 549.305 *7.390.380 2,000,000 22 52 64 h 17 4 34 16 IV* 30 44 M f Consists of $341,550 $4 cum. 1st preferred. $500,520 $5 2d preferred and $75,000 $5 life insurance reserves x Not an insurance company, x April 30, 1939, figure. so-callea legal reserve or 1.207,177 1,000,000 593,194 750,000 1,000,000 5,000.000 21,206.488 231,858 5.590,574 1M 19M 2.000,000 1.000,000 49 8,066,984 1,060,041 10 12.000.000 45 12M 200,000 1,100,000 653.589 Jefferson Stand Life— 100 20 64 M 2M Ins 4,000,000 42 Jersey Ins Co of N Y. 62 8,522,631 5,218,589 4.120,384 & 5 20 40 M 1.000,000 3,028,627 Bonding (Boston) Nafl Union 8,357,631 43,558,406 2,264,228 10 2,000,000 Merch Fire Assurfcom 5 12,500,000 (NewnYork) \pref 100 ) Mass 14,795,011 6,452,915 3.000,000 7,517.340 5 15.000,000 50,466,464 10 1.000.000 3.161.557 117.073 10 4,932,000 10 37 67 M 4,195,948 13,287,978 1,020.427 4,968,102 32.935.971 15 1 Hartford Fire (Hartf) Hartford Steam B 8,654,847 259,259 12.691,358 13.456,785 6.503,077 2,248,841 916.633 1.299,562 1,000,000 4,201,288 8,150,000 24,838,632 2.000,000 1,694.093 10 4,000,000 5,704,764 10 12,000.000 52,819,019 5 (New York) 15,466,927 3,609,991 3,239,138 15 Great Amer Ins (N Y) Halifax (B alifax, I 971,660 3,043,075 381,277 2,372,349 6,420,674 1,000,000 2,190,597 1,000.000 1,681,180 1,200,000 ;6,885,695 t917,070 5 2d preferred Gr Amer lndert 9,112,384 19,726,149 35M 2M 10 2 2,507,100 *25,045,367 1,750,000 6,204,962 5,000.000 62.314,404 367,853 815,000 1,500,000 2,500,000 755,083 755,095 4,000.000 12,118,773 2,400,000 7,317,529 3,750,000 48,637,375 1.841,655 1,000,000 2,000,000 9.488.317 373,575 300,000 7.500,000 15,836,187 9,397,690 8,479,380 3,000,000 9.042,147 1.000,000 6,000,000 873,549 500,000 1.000,000 1,177,049 1,476,491 11.829,959 5 10 150 950,969 t45,626,515 7,027,579 *205394054 2,081,964 4,878,874 (Providence) National Cas (Detroit) National Fire (Hartf). Nat'i Liberty (N Y)._ 640 10 1.000,000 2,544,798 Merchants 630 9 2h 35 50 M 48M 34 M 32 M 7M 6M 98 M 101M 360 185,191 24 690,326 tl8.279.790 10 Georgia Home share 330 110,418 22M 900,000 Casualty _ Ask. 100,000 30 5 2,000,000 6,021,440 *99,042,056 2,049,258 1,325.001 IF 24 M 8 3,000,000 1,000,000 1,000,000 Mercha 23 950,596 City, Mo) 100 Knickerbocker (N Y) 5 Lincoln Fire (NY)--5 Manufacturers Cas'ty (Phila) 10 Maryland Casualty.. 1 sas 14 M 47 1,500,000 150.000 10 (Wilmington, Del). Fireman's Bid. Per ~~8M 29 M Continental Assurano City] Reserve Premium 6M 28 400,000 10 Federal Ins (Jer Capital share 722,209 500,000 5 100 (Boston) Par Ask. 100 City) Unearned 1938 Dec. 503,712 *16,135,536 2,073,653 1,478,210 X20.065 10 Louis) City of New York (NY City Title Insurance Colonial Life (Jerse ♦ to Natrona Co S D No 2— 6 0.20 (Wilmin N.O.) a to 0.50 to 2 .00 5 0.25 Unearned 10 15,000,000 25 3,000,000 Hanover 1.40 1.30 0.50 WYOMING 5 0.30 Dec. 31. 1938 3,000,000 15,420.899 7,500,000 15.600,499 0,386,975 5,150,548 1.200,000 2.385,004 3,0()O,0( >0 3,466,435 550,000 500,000 1,000,000 3,396,613 10 (Hartford) Agricultural (Watet'n) Gibraltar 2.75 Kansas City Life (Kan¬ Aetna Life Continental to to 1.80 % M&S Sur Aetna Insur (Hartf)-- Carolina to 1.50 1.90 2Mb Sept 1. 1946-1960-M&S 2 Ms Nov 11940-1962—-M&N 2Mb May 1 1944-1962 2s Road 1940-1963 J&D $ Aetna Casualty & In ur ..J&J 4Mb 1940-1945 J&J 4s 1940 1944 J&J Milwaukee County— 4 Ms Ct H'se *40-'50 M&N 15 4Mb Sew Mar 12 1940-19454Mscourth'se '40-49 J&D16 Racine—4Mb 1940-'57—M&N 6s 1940-1941 F&A Racine Co 5s 1940 —J&J 4Mb 1940-1950 J&J Superior 4Mb Sch '40-'44_J&J WEST VIRGINIA 5s Highway 5 0.50 J&D to 1.25 /Flat price. Par Amer to 2.30 to 1.50 Walla Walla— Surplus Amer Fire to 2.40 to 2.25 to 3.10 Quotations are as near as possible for the closing day of the month Amer to 2.40 Madison— 1 Mb 6 3.50 3.00, to 3.00 to 2.50 3s Sept 1. 1940-1946 2.80 6 3.10 Net Ask — to 2.30 _ *43-A&O 2.90 4Mb Seattle— J&J 5 0.50 Clarksburg 5« 1940-1953.A&O 5 0.50 Huntington 5s 1944 Oct;—Morgan town 5s 1940-1948. J&J 5 0.50 Wheeling— 5s Wat Wks 1940-1952.J&J 5 0.40 2.40 Eau Claire 4 Ms 1940-1944.J&J 5 0.50 Green Bay— 0.50 4Mb 1940-1947 A&O 0.50 6s W W 1940-1960—M&N 2.40 2 Ms Water ref—1940-42 King County— 4Mb Bridge 194049-M&N 4Mb 1940 1950 MAN Pierce County— 494s 1940 1944. Port of Seattle— 5s 1940-1955 M&S to To or Bid Bonds Net Ask Bid junior preferred stock * Policy reserves, ESTATE BONDS REAL 101 Real Estate Bonds Quotations Bonds. are aa near as Bid. Abraham Lincoln Hotel (Reading. Pa) 1st extd 4-5s 1945 A&O Bonds. Ask. 64 Albany Metropolitan 5-tta 71 1949.. Alden (Hoiel) lst3-5s 1957—F&A / Alexander Hotel (Md)4s '42 A&O 73 60 N \ < orp 48 St Ream Corp l-4s_.Mar 1952 1400 B-way Bldg 4-5s 1948.J&J 1410 B'way Bldg 314s 1941.A&O — Cum income 2-6s July 1 1955.. / Allied Owners Oorp— 1st income 5s 1958 J&J / Debenture 2s 1963 J&J / Ambassador Hotel (Los Ang)— Non-cum inc. 4-5s 1950—A&O Amer Insur Un Bldg 6s '41-MAN Arcade Bldg & Rlty (Seattle)— 1st leasehold 3-6s 1948 Fox Det Theatre 6e 1942 18# 99 83 Income 3s 1957 20 22 1st Assoc Realty Bldg 'Los Angeles) Income 5s 1948 (w-s) J&J Baker Hotel 'Dallas)— 49 91 46 48 JAP 81 83 25 15# 1734 leaseh 1046 Feb Harrlinai) Bids 6t 1961-. M&N Hartford Times deb 4 #s '51 M&N 103 Properties— 1st fee & I'hold 6s 1940-41 J&D 40 1st fee & mold 6s 1942 J&D 37 Herald Square Building— 1st s f inc 314-68 May 1 1948.r -•-3&# Hotel Drake Corp Inc 3-5s '53F&A / 27 Hotel Lexington units 4s '55.M&S 44 Hotel Sherman, Inc— 1st 5s 1957 (w 8) Apr / 15 Hotel St George 4s 1950 A&O 3214 Hotel Syracuse Inc 3s 1955—M&S 63 Hotel Taft Oorp 5« 1947 F&A 70 Insurance Exchange Building 12 (Boston) 1st 0#s 1943 F&A Jagels & Bellis Realty 6s '48.M&S 45 54 5 13 20 Boston Parcel Post 3s Oct 1945— Boston Postal Serv 5#s *38.J&J 35 3 4# 15# 49 25 21# 6# 5 Broadway-Barclay Inc— / 22 20# 61# 64 41. 46 16 34# 32 90 90 leasehold 3#s-4s 1952...M&N Lake 8h Ath Club (Chic) 6#s 46 r 10 8 17 19 * 102 65}* 13 1st Leasehold inc 4s 1945.M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold inc 1st 1945.M&S 15 41 43 12 13 49 A* OhicHeraJd & Exam 6#s '50 M&S 5?* 77# 79# 51 51 47 State Bldg 6s 1940-1942 Hi 12# 61 j 64 102 28 30 2 3 50' 27 Eastern Ambassador Hotel units. Edgewater Beach Apts—> ~8~ 3 Liq Tr inc 6s w-s '50 Ann Oct Edgewater Beach Hotel (Chicago) Cum inc deb ext 514s '41—M&S / 11 Park Place Corp 4s 1948 M&N 11 West 42d St (N Y C)— 4#s-5s (stamped) '53 M&N 80 Broad St Inc 4s Nov 1 1956 80 John St extd 4s 1950 A&O / 870 7th Ave 4#s Jan 1 1957 Eppiey Hotels 1st sf 3-5s 1951 J&J Equitable office Bldg 5s 1952 Deb 5s Legended 1952 Ferry Station P O (San Fran)— Ext income 3s 1952 J&D Film Center Bldg 4s 1949..A&0 5th Ave & 28th St Bldg 0#s 1945. / 5th Ave & 29th St Bldg 6s 1948— 5th Ave & 55th St Bldg 4s '55 w-s 15 Park Row 4s w-s 1952 J&J / 50 B'way Blt^ 3-6a 1946...M&S / 51 East 42d St 3s 1956—On Mar / 51 Fifth Ave 4s 1943 A&O 52d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952 500 Fifth Ave 6#s 1949 J&D f Stamped 4s 1949. .J&D 1500 Walnut Oorp (Phlla)— A&O / / 91 87 89" 31 41 1st mtge 2-5s 1955 N Y Majestic Corp 4s — •» 24 •» M N 17 18 56 58 10 16 13 78 101 70 534s 534s 534 s 534s 534s 72 16# 6 m—mm 6# 73 14# 71 13 38 batIAA 25 25 97 74 107# 18# 4# v 77 20 6 • F&A 64 Mtge— B-I B-K C2 CW-1 series FI 45 46 50 52 34# 36# 36 51# 41# —... A 1900 Rittenhouse Sq"'"Phi'la)—~ 1st cum income 5#s 1945.J&D North Station Indus Bldg (Bost) 1st m s f 5s 1962 A&O 22 22 49 105# series series series series RDtfi 1# 39 f 53# 43# 32 61 63 49 51 100 Olympic Inc (The) Seattle— t Called Jan. 15 at 102. 1st 6s 1943 / Flat price, M&N n s f 5s 1958 Nominal, \ 49# Retail 45 4 6 is"" it* 3# 85# M&N 15# f8* . 55 Properties— 66# Rittenhouse Plaza 2#s Jan 1 1958 Robert Treat Hotel 'Newark) 2-6s July 1 1956 An Mar Roxy Theatre 6#s to 1940.A&O 1st 4s 1957 M&S Runs Bldg. 'San Fran.)6s'51 F&A St Charles Hotel (Atl Cy) 6#s '45 St Louis Post Off 5#s 1938.A&O 1st cum inc 534s Jan 1957 San Fran Paramount Corp— 5s, 1943 ——J&J Savoy-Plaza Corp— 3-6s (w-s) 1956--.— .Ann Oct f Schulte Real Estate 6s 1935— With stock ..J&D Without com J&D stock 6s debenture 1951 On Sept Schuyler-Hudson 4s 1947 Sevilla-Bilt Hotel 7 34s '37 ctfs Shelburn Inc (Atlantic City)— 4# 36 4?* 18 22 64 66 64# 87# 89 5 22 6# 22 75 80 10# 12 11 11 II* 23" 2# "3# 7 10 Sherneth Corp 3-5 #8 (w-s) 1956- 11# 36 32# 1# Income 6s 1945 M&N Stanley-Mark Strand 6#s 1941 Stanley Real Est 534* '45 J&D 98 92 Income 5s W-S 1956 Stone & Webster Bldg 5s 1947. Strauss-Manhat conv 6# 1# 34 3 93 f k Last sale. 31 8 32 'Boston)— aM&S 6s *33.J&D f Rlty (New Hav) 6s'40 A&O Income 3s w-s 1951 Nov 10 Fast 40th Street Bldg 5s 1953Non-cum inc 6s 1958 J&D 1088 Park Av Corp 2#-5s'53 M&S f f f f 101# 31 25 24 83# 6# 33# 26 853 73 Textile Properties— 1st 4-5s (w s) 1958 M&N Textile Crafts Bldg 6s w s 1944— Trinity Bldg 5#s 1939. .J&D Trinity Court Bldg 4s 1941.M&S 32# 34# 16 28# 34# 80 Stamped J&D / Y Postal Service Station— New York Title & 18 34# 20 74 (w-s) 1956 534* 1937 m # 10234 N Y Athletic Club— 25 — 37 Gen income 5sNov 15 '83.J&D 13# Prudence Securities Corp— ,lncome-5-#s ser A 190-1—M&N —60°5#s 4th series / 25 Quiiicy Station P O (Chicago)' 1st extended inc 5s 1950—J&D 43 Realty Assoc Sec Corp— 52 Income 5s Oct 1 1943 .J&J 84 Repub BJdg(Denv) 3-5s'49.J&D - 30# — — 23 8 5 99 1st fee & I'hold 4-5s 1949.A&O Neisner Bros Realty, Inc— Conv s f deb 6s 1948—.J&D 15 New Weston Annex 3-4s w-s 1945. — 29 42 Pierreponc Hotel 3-4s 1951.. J&J Pitts Hotels Corp lst5V*s 4SM&S Mtge cum Inc 5s May 1962... Conv cum Inc deb 5s May 1967 / Voting tr ctfs for common.. Poll-New England Theatre— Taft 100# 17' 36# 27 60 Inc— Montreal Insur Exch. Bldge 1st mtge 2-5#s 1950 &J / Nat Hotel of Cuba 6s 1959.M&S / Nat Press Bldg 3-5s 1950 J&J AdJ mtge inc Apr 16 4#s 1950- / National Tower Bldg— 20 — 90 9534 1948....M&N 35 85 39 534s 1942. M&N Steuben Bldg (Chic) 6s 1943 M&S Stevens Hotel (Chicago)— 3 f 6a 34" State-Randolph Bldg 'Chicago)— 2 s 11 29 43# ania Bldg 6s 1939 M&N / 2d non-cum inc 4s 1959.M&N * v 3 29 46 28# 28 39# O)— Debenture mtge 5s 1945.-F&A Midland Invest Corp (Mo)— See Investing Companies. 27 15# 3 67 37 Metropolitan Playhouses— 4 44# 40 63 27 conv 43 54 Pennsyl 35 Inc (N Y 43 41 9 Sixty-one Broadway Building— 1st s f 3#-5s (w s) 1950..M&N Income 3-3 34s stpd 1955.M&N Speed Building 'Louisville, Kyi- 38 cum 41# 60 Park Place Bldg 3#s-5s_.1947 Inc 3-6 #s 1957M&N Manhattan Towers 6s 1943.M&S f Marcy (The) 6s 1940 F&A Mark Hopkins Inc— 1st 6 80 24 23 J&J Merchants Nat Prop 4s '58.J&D Metropolitan Chain Properties 26 48 78 1102 f 75 23 6s with stock 1959 (Los Angeles) Mercantile ProDerties. Sec s f 534s 1916 99 Detroit Leland Hotel 5s Oct 1 '52 Dorset Hotel 1st partic 2s 1957— Drake (Phna) 6s w-s 1959 72# 25 8 47# Paramount Bway Corp.— 1st M s f 3s loan ctfs 1955 F&A Park Crescent 6s (w-s) 1955 Park Lexington Co Inc— — 71 1st income 6s Feb 1 1952 f Marshall-Wells Bldgs 6#s'47 F&A Mayflower Hotel ( D O) 5s I960.. Mecca Temple 5s 1942 f 20# 100 20 47" J&J Madison Court & Re^isen Sts 'BrnokJ> n) Bldg Corp 1st s f 3#-5s—.1940 Cromwell (Oliver; 6s 1939-M&N De Paul Hospital 1st & ref 3-3 >4-3 >4-4s 1939-1947—Q-Feb Detroit Hotel 6^s to 1941..M&S 57 54 Lombardy (The) 6s 1942 M&N London Terrace Apts 3-4s'52 J&D Lord Bait Hotel g m 6#s '45 A AC) Mtge 19# f Macrld Realty 3s Oolumbue-Venetlan-Stevens Bldg (Chicago) 1st leasehold inc 3-5s. 1955—. M&S Congress Square Hotel (Port Me) 5#s 1946 M&N F& Lord Nelson Hotel sf 4s *47-M&N I^rds Court Bldg 5#s 1942.J&D 18 65 54 514 s ex stock 1963 Lincoln Mtge Co (Newark)— Cum inc (w-s) 5s 1948 A&O Loews Midland Theatre & Office Bldg 6s. 1941 ..M&N / Loew's 50 42 ..J&D Income 5Hs w s 1963 31 6# Extend 1st 4-614* 1948... Lenox Hotel Inc 5s 1950 F&A ' Lewis Morris Apts 1st 4s 1951— Lincoln Bldg Corp— 72# Cheeebrough Bldg 6s 1948--A&O Stamped Cleveland Theatre gen 5s 1944 Colonade Construction— 1st s 14-4148 1948 (w-s)—A&O Colonial Apartments 6s 1937 17 1st fee 4-5s 1948 I efcourt State Bldg— 49 Certificates of deposit " Circle Theatre extd 6s 1946-M&S Cleve Term Bldg 1st 6s 1941-J&J 54 15 . Central Zone Prop 6s w-s'53 F&A Chain Store Depot 6s 1940.-M&S Ohanin Building— Cigar Stores Realty Holdings— 8 f dep 5#s 1949 ser A....J&J / 52 Lawrence Hotel (Erie, Pa.)— 6s Jan 1 1948 M&S Lefcourt Manftat Bldg *102 Bush Term Bldg—See Industrials Butler-Hall 4 #-5s 1947.Q Mar 25 Cent Manhattan Props 5s'46M&8 29 La Salle Wacker 5s fixed Units 50 33 / J&D / 110 So Penn Ave (Atl City)— 6s 1944 .J&D 165 Broadway Bldg 534s '51-F&A Sec s f ctfs 4Mh (w s) 1958 General s f 2d 3s Aug 1958 F&A Ore Paramount Corp 4s '57. M&S Orpheum Th & Rlty 2-6s '46 M&S Palace Hotel (San Fr) 5s '45. F&A Pantages < Alex) 6s to 1947.M&N Ask. 52 2234 M&N Deb 5s series A 1959 M&8 income deb 6s ser B 1959. A&O Kramon Devel Co 1st fee & 31 f 6s *51..M&N .... 87' Keith Memorial Bidg 6s 1943 s 103 East 57th St Bldg 6s *41 103rd & West End Ave— Income 5s June 1 1942 1st Hearst-Brisbane Beacon Hotel inc 2-4s Apr 1958.. Bef)evuy--8tratfor<r rPhlla)— ~ ~ 5#s 1935 J&D Ben] Franklin 6s ctfs 1933 Berkeley-Oarteret 5#s '40-M&N Bing & Bing deb 6#s 1950 MAS Income 7s 1950 w-s M&8 Book Tower (Det) 2-5s '52-(w-s) 1st, 2d 1956 In June Bway Mot Bldg 4-6s 1948..F&A Bway-8pring Arcade Bldg— Non-cum 3-5s April 1 '57.J&D Bway & 38th 8t 7s 1946 J&J Bway & 41st St Bldg 3#-5s 1944 Bklyn Fox Oorp inc 3s Oct 1 1957 Bryant Pk Bldg (NY) 6#s'45J&J Buda Realty 6s June 1941—J&D 6s Sept 1941 M&S 26 m Bid. Bonds. One Park Ave 2d 1st mtge leasehold sf 3s '64.J&J Park Place Dodge Corp 6s 2-s '52 / 20 19 24 Greeley Sq Bldg 6s 1951 99# A&O 2814 214-5s 1957 (with stock)..J&D Graybar Bldg < East Offices lnc;- 51 90 Called Jan. 5 at 102. 20 36 1940 J&D / Clinton Co Inc (N Y O) 1952 M&S Granada Apt Bldg 6s 1938—M&S f Grant Bldg (Pittsb)— 90 F&A 7 1814 lst stk) .F&A 5#s 1949 * ... 33 1st mtge 2-4s 13# f 5s 1950 (with 1950 1528 Walnut Corp 6s (w-s) Forest Lawn 1st M 5s *64 J&J 2>4-4s (w-s) 1949 6#s to 43 Barker Bros Bldg (LA) 6s'47 J&D Bauinan (Ludwig)— 1st 5s (Brooklyn) 1947—.F&A 6s 6# Governor 65 1st 37 6s 1944. J&J Garrett Buildings (Chicago)— Realty— 1st mtge coll 5#s 1957—-J&J Cum income 6s 1957 A&O AdJ non-cum inc 6s 1957.M&S (Long Isld) 1951 20 ... 1614 38 19 514 lst s f6#s 1942.. A&O/ Fuller Bldg (G A F Realty Oorp) 35 1st 5s 1814 Fox St Louis Theatre ttidg- 64 33 s / 48# 31 1st ....—...._ 62 33 Bait Parcel Post 3# 90 47 Non-cum inc 5s June 11949J&J Arrowhead Lake 7s 1944-47.J&D Store A&O / Academy of Music 1st leasehold 6 #s to 1941.M&S Fox Theatre & Office Bidg date of issue. Ask. Fox New J&J Arcady-WilshireCo (Los Ang)—- Assoc Ohain Bid. 40 Exch Place 5 #s 1956 M&S, 40 Wall St Bldg 1st 6s 1958.M&N 42 Broadway Bldg 6s 1939—J&J / 31# Allerton possible for the closing day of the month preceding the 85 2 Park Ave Bldg 4-5s 1946.J&D 2d fee 3s 1946 Ann Dec / 23 Lexington Ave 234-4s '50.F&A 48# 29 4th Ave Corp 234s '63 (ws) 29th St Towers Bidg 3s 1942 / 2124-34 Bway Bldg 6#s___1943 / 2480 Bway Bldg 2d mtge 3« 1944. / 31 33" 32 6 34 14" 21 38 75 85*" 19# Tyler Bldg 6s (w-s) July 1 1953.. U S Realty & Impt 6s 1944 J&J Van Sweriugen Co— 1st 6s 1935 12 21# F&A 1st & coll s f 6s 1938. A&O Van Sweringen Corp 6s '35.M&N Varick St Sta P G (N Y) 6s 1941 Wabash-Monroe Bldg 6s 1953 J&J Wadswortb BldgiNY) 6s *53 A&O Wallbridge Operating Co (Buff)— Income 3-4^1950 Ann Feb Waldorf As^hria (Hotel)— Non-cum inc 5s 1954 M&S Wall & Beaver St Corp— 1st 4Hs w-s Nov 1 1951--J&J Warner Bros Hollywood Thea— 1st 6Hs 1941 M&N Washington Properties Inc 7s 1952 Westchester Bond & Mtge 534s__ We8tinghouse Bldg 4s 1948-A&0 Woodbridge Bldg 5#s '41..A&O 7s 1940 .A&O ¥ 44 98 99# 54 13# / 9# 18 15 11 20 94 61 / 62 16 20 66# / / 68 20# 20# 22# Banks & Trust Companies STATE AND NATIONAL BANK STATEMENTS given per share, not per cent, except for stocks of Canadian Institutions, possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) Quotations in this department are as near as and are denotes sales. Figures of deposits, capital and profits for the National banks are from the Comptroller's last call; the latest obtainable, direct returns being procured by us where no periodic statements banks of New York, deposits are taken from the latest weekly statement. tutions they are for all other insti¬ required. For are the Clearing House + National Banks Oct. 2 Capital Surplus & Profits Institutions State ALABAMA National Banks June 30 CALIFORNIA Oct. 2 Cross Surplus Par Deposits Ask Bid Institutions June 30 Cross & Deposits Profits Capital State Bid Par Per Birmingham— fa° -- Common 3.600,000 11,399.003 6,300,000 . - First Nat Bank 178.449 3,161,526 26,518,293 21,568.257 Merchants Nat Bk.. 273.522 842,049 4,718,060 18,901,970 375,000 1,000,000 1.000.000 25 28 25 uan 1,000.000 First Nat Bank Union Bk & Tr Co— Common Preferred. 100,000 t 40.000 __ 25 San Diego Tr Common 25 127.579 4,147,312 50 796,065 26,314,187 250,000 Ifc 780,041 13.599.985 dl,750,000 Preferred 20 61 62% 10 12 14 15* 10 Belma National Bank Selma Tr & Sav Bank National Banks 227,884 60,709 10 Q J 25 9,175,698 3,412,206 100 -----' 4 35 6,349.717 197,253,186 7.985,642 123,441,097 20 100 "85"" 150" 125 San Francisco— Anglo California National Bank dl7.920.000 6,800,000 80 *6% 121" 119 1399730757 34% 36% i2l 18,854,965 100 4,068,734 100 "212" 216"" 4,517,953 174 171 100 17,921.803 320 151,977,175 100 266 163,513.949 1000 10.200 10.500 95 85 100 8.914,073 50.000,000 68,145,107 1.500,000 /2,217,422 118,596 500,000 Bank of Montreal 287,371 1,000.000 Canadian Bk of Com 487,682 1,300.000 Crocker First Nat Bk 6,000.000 8,202.300 The San Fran Bank. 6,000,000 9,000,889 d Pacific Nat Bank 980,000 389,599 Wells Fargo Bank & Union Trust Co 9,000,000 fc8.722.023 272,205,007 Yokohama Specie Bk 5.998,538 1,200.000 6 380,672 Bank of America Bank of Canton 25 , 100 100 State Institutions ARIZONA Oct. 2 100 90 100 2,604,054 1,675.282 1,683,106 1,538,817 242,652 62,333 219,304 113,600 lea— 100 Bank of Amer Nat Tr Selma— 400.000 120,000 200,000 342.500 re cent -—sa 125 485,000 600,000 fc 270,000 Security Tr & Sav Bk & Savs Assoc City National BankPeople's Bk & Tr Co. share. o & S B Bank of Calif, N A-. 2,535.352 17% 15 78.170 100 N Diego— First Nat T & S Bk. United States Nat Bk d 300,000 Alabama Nat Bank 34,563.495 1,984,673 5,489,305 1,395,240 ' 22 X 100 100 100 183,098 134,758 60.843 1,723,962 956.250 50.000 -22% .2741- .Merchants N at .Bank d_ 246,000 i Sumitomo Bk of Cal. 145:000 San Bernardino— 175,000 American Nat Bank. d J25 125 65.234.994 1,812,374 1,700,891 100 Mobile— Amer Nat Bk & Tr Co Per Sacramento— Capital Nat Bank— d Citizens Bk of Sacra. Birm'ham Tr & Sav 500 000 14,156-, 418 -20,408,380 —Common. al ,743.000 PreferredU 1,194,217 81,700 Industrial Sav Bank. d 125,000 e First National Bk— Preferred- share. 50 2,043,421 104,396 100.000 b Bank for Savs. & Trts. Ask Nom inal. Nomi nal. Oct. 2 100 CO 0 0 275 p 1 1 « 1 1 American Tr Co— Nomi nal. Per Bisbee— 250,000 / Miners & March BkPhoenix— First Nat Bk of Ariz. Phoenix Sav Bk & Tr 7,500,000 7.500,000 Preferred Jfc7209.781 600,000 804,909 San Jose— First National Bank. 550.000 247.500 922,909 192,333 15,773,582 t 20 4,501,107 t 25 N 600,000 1,202.800 Jl.432.905 cent sa 36,186,605 J5 16K o re Vallev Nat Bank— Common Preferred. share. 100 4,278,454 189,815 Common lea 250.000 National Banks Oct. 2 I 10.883.158 |20 47% 335* 50J* 100 139,750 152,341 1,831,893 12% 564,700 435.300 189,239 9,773,452 200,000 1.000.000 375.000 543,001 860,662 142,016 5,256,855 11,955,405 3,491,291 Preferred.... (100 1100 Stockton— Tucson— Sou Arizona Bk & Tr Santa Ana— Commercial Nat Bk_ First National Bk— Common 296.204,845 32 H First National Bank. Stockton S & L Bank Union Safe Dep Bk.. 100 8,784.285 489,824 N o 100 re cent 100 sa les 100 State Institutions ARKANSAS Oct. 2 CANADA f See > lkPage 111 J Nom inal. Per share. Fort Smith— 100 275,000 500,000 500,000 589,528 148.619 45.872 12,144,335 4.092,627 1,298.118 25 re cent 25 sa 374,560 13,533,980 120 666,000 Merchants Nat Bank 2,301,649 8,335.642 9.774,680 300.000 1 185,500 First National Bank. 132,493 603,751 641,876 300,000 200,000 100,000 City National Bank- 407.781 19,414,551 120 50 NationsBank, 100 25 COLORADO State Institutions Oct. 2 Nom inal. Little Bock— Per Commercial Nat'l Bk Peoples Nat'l Bank__ Twin City Bank Union Nat Bank— Common-.-.-. Preferred W B Worthen Co N 20 o les Colorado Sav Bank. Colorado Spgs Nat B Common Exchange Nat Bank. 100,000 1 65,000 300,000 First National Bank. 300.000 Preferred class A__ 100.000 400,000 93,779 1,001,990 2.222,903 12,216,597 7,393.098 10.860.940 500.000 350.000 646,912 9,180.424 5,916,162 1,000,000 400,000 J 1,733,449 Central Sav Bk & Tr d 400 350 Common Preferred Denver Nat Bank Oct. 2 CALIFORNIA First National Bank- State Institutions June National Ghy Bank- d d Union National Bk 30 _ Nomi nal. Per share. Long BeachFarm & Merch Bank Western Tr & Sav Bk d Los Angeles— California BankCommon Preferred 1,000,000 225,000 fc Farmers & Mer Nat 17,592,641 3,245.311 N 100 50 0 re cent sa les 5,000,000 800,000 5,000,000 3,000,000 113,359,656 J25 140 4.350.000 121,071,513 5,417,988 134,221,413 20 23 24 100 370 392 45 46 J3,553.671 1 to 0 1 1 21 1 Preferred Union Bank & Trust Oakland— Bank of CommerceCentral Bank Farmers & Mer Sav. 24,000.000 133002316 580,121,523 8,000,000 2,500,000 2,865,981 38,439.015 U S National Bank__ international Tr Co Pueblo— 1,260,000 1.500.000 100,000 100.000 550,000 500.000 40,011,991 /100 1100 1,887,473 100 50 37,983,692 59,634,767 100 1,460,736 917,770 "165 28,228.640 100 100 17.675,175 - 500,000 30.000 1,221,117 161,403 21,107,806 2,061,399 100 5.095,245 (100 First National Bank. Mlnnequa Bank f 25 50 Common 3,083,802 47,794,496 11,567,015 *93 " "95" 50 N o re cent sa les 100 Common Preferred. Sale j 25 price. t Controlled by the Transamerica Corp. of San Francisco, Calif. Outstanding preferred stock consists of $1,043,300 1st pref. of $20 par value and retirable at $50 a share, and $700,000 of 2nd pref. stock. b March e 100 601,975 6,235,698 100 500,000 11,078,643 500,000 150,000 fc 52,106 300.000 303,957 14,607,689 j 25 125 2,372.390 3,604,925 20 100 UOO a 29, 1939. Savings deposits. May 19. 1938. f June 30, 1939. 300,000 94,563 d Common and preferred stock outstanding. , Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust & Savings Bank of San Diego, Calif. q First Tr & Sav Bk Pasadena-First N Bk d Security Nat Bank-. 100,000 200.000 Preferred * c 329,100 76,764 2,000,000 fc2,190,136 300,000 269,394 Pasadena— Citizens Ooml Tr & 50 100 134,253 2,286,546 3.778,946 32,806 30,581 2,752.313 2,300,835 60.000 1 Secur-First Nat BkCommon---. 104.947 Pueblo Sav A Tr Co Citizens Nat Trust & Savings Bank 726,934 268,887 100 Colorado Nat Bank Colorado State Bank National Banks 100 Denver— 100 100 share. 20 2,724,575 /100 Uoo 126,872 365,252 441,975 American Nat Bk Pine Bluff— d Nat Bk of Co mm Simmons Nat Bank- 1.854,454 150,714 50,000 - 129 i Dec. 31. 1938. fc Oct. 2, 1939. I Last Sale price. p Par value 100 yen. n New stock, n«<£•!,** CONNECTICUT TRUST AND BANKS JAN., 1940] State Institutions Oct. 2 103 COMPANIES National Banks Surplus Capital Surplus & Profits Cross Miami— $ $ 245.834 500,000 1 1,455.000 a 149,156 100,000 c Brldgep't City Tr Oo 2,200.000 cl,276.836 North End Bk & Tr Common 25,000 1st preferred.. 49,261 122,500 c 2nd preferred 25.000 First Trust Co. 100,000 Florida Nat Bk A Tr (t-400.000 Little River Bk A Tr ' 100,000 Miami Beach First/ National Bank./. 300.000 Orlando— r First National Bank 6 24,208,869 "el* 50 40 1,614.569 27.394.057 25 I 32 30 25 1,694,089 4100 1100 Common 1.760.667 I 25 165,000 li 250,448 09,500 Preferred........ 25 264,156 1,288.637 1.044,957 158.582 4,413,706 200,440 2,138,993 186,328 3,690,179 222,998 176,925 300.000 150.000 1,150.000 100,000 4.000.000 100.000 1.600.000 100.000 4.000.000 100.000 250.000 125,000 Conn River Bkg Co. First National Bank. Glastonbury Bk & Tr Hartford Nat Bk A T Industrial Bank. Pooenlx St Bk A Tr. 25 tlOO 25 21 30 500 15.777 503 100 50 10 25 100 120 East Hartford Tr Co Hartford-Oonn Tr Co Park Street Tr Oo Riverside Trust Oo Sims bury Bk & Tr Oo 256.101 106.869 67.643 1.072.789 25 25 25 25 25 60 919.847 285,476 131.709 11,116.856 3,791.746 1,599,362 500.000 404.288 93.616 107,881 53.293 6,539,514 1,782.440 a 150.000 100,000 150.000 a 220.000 Windsor Trust Oo Merlden— Home National Bank Puritan Bk A Tr Co. Mew Haven— loner Bank A Tr Oo_ a / 25 WOO 100 trtOO' 100 25 180 35 25 15 120 25 2,736.715 100 90 29.118.068 _45 I 8.657,495 100 458.883 149,915 6,023.115 3,492,487 100 31,411 53.005 1,260,487 2.170.438 100 100 335,704 6,974,165 25 100,000 42,131 581.266 1.115,560 C 173,897 952,124 15,529,603 16.824,944 1.860,287 100 100 100 66.866 1,293.485 100 d 300.049 5,830,823 c 200,000 National Banks State GEORGIA Oct. 2 100 100 American Sav Bank. 200,000 Cltls A So Nat Bank. rA.om.ooo ~ 32" Common........ S82~.000 Prior preferred... Conv preferred 378,000 920,000 1,104,237 New Haven Bk NBA Second Nat Bank... Trademen's Nat Bk 800.000 750.000 1.048,508 981,328 10,242,961 13,618,357 50 52 54 50 71 74 87,638 3.242,219 /100 50 "30 100 "First Nat Bank ... ■fir 130 ■ .. ' i 1,231,535 800.000 16,569.860 5,192.399 544.365 100 475.000 990.000 _ a 100 N I 343,856 a 300,000 252,100 650.000 200.000 Uncas-Merch Nat Bk 111,198 193,895 54.642 i 2,634.314 1,904,010 802,610 405,744 173,688 3,344,001 2,220,085 Georgia. «2.000.000 Augusta— Georgia RR Bk A Tr 750.000 litis A So Nat Bank. 1*6.000,000 104 100 o 1.139.375 Nat Exchange Bank. Columbus— Columbus Bk A Tr First Nat BkofOol.. « 400.000 • 850,000 c 342,486 3,171,064 Institutions Oct. 2 50 re cent 200.000 les fourth Nat Bank dome Savings Bank. Merch A Mech Bank Macon— 300,000 75.000 200.000 148,586 40,505 388,975 120 Oltls A So Nat Bank. r5.000.000 6,949,047 1,897.401 2.383,708 1,282,606 3.612,727 1,142.947 133,983 sa 25 100 19 110 Otly Bank A Tr Co Stamford— First-Stamford Nat'l Nomi nal. Per share. 36,814,797 noo z260 1100 3,732,254 ioo 35,034,476 ioo x720 645,360 10.501.440 3,498.100 104.372,251 3,772,310 159,394 100 100 75 - Ga Sav Bk A Tr Cow ioo 125 125 160 140 60 ? 1,000,000 Trust Co of 170,000 170,000 1.458.700 Common Preferred Un A N Haven Tr Oo Mew LondonNat Bk of Commerce New London City 100 100 791,338 100 118.483 _3i49aa00. 104.372.251 t 10 S.16K 17^ 3L3X -32. JJDlL5,400,000 4,959,962 121^887^621] Fulton 'Not ■ BankCommon Preferred 100 100 Atlantac First Nat Bk & Tr Oo National Bank Union Bk A Tr Co.. Wfnthrop Trust Co.. Norwich— Thames Bk A Tr—. 10 40 20 100 15" 10 164.420 lantic Nat Bank 21 17 20 25 100 5,807 1,467.548 255"" 35 1,074.283 1,250,000 First National Bank. al,100,000 FlrstSav ATrCo,. 500.000 West Palm Beach Fla Bank A Trust Co. 100,000 West Palm Beach At¬ 20 1100 135 200.000 Broadway Nat Bank Exchange Nat Bank. 14" 110 125 20 5,440,700 Tampa— 74 50 12 43 100 283 304 _ 50.000 I 50,000 500.000 200.000 100.000 : 5.707,454 100 100 J 235,114 75.000 Florida Nat Bank... g 24 So End Bk&Tr Co- Common........ Preferred...... fravelers Bk & Tr Oo West Hartford Tr Oo 13.320.361 .St. Petersburg— 280 19 70 125 100 44 200.000 People's Nat Bk St. AugustineExchange Bk St Aug St Augustine Nat Bk h 35" 100 100 25 400,000 200.000 Olt A 55 28 739,068 c 3,038,014 30,877.017 30,124 9.707.640 2,319.779 200,000 First National Bank. Pensacola— American Nat Bank. 42,288.611 1.928,918 49.944,053 3.519,927 3.341.069 2,046,356 Ask 100 S $ 129.V40 716,369 81,370 384.561 99,256 C 68.000 a 3,440.529 8,038,802 1,687.102 73,353,174 Bid Nomi nal. Per share. 125 130 loo.ooo ...... Florida Bank Palm Beach 30 Hartford— Capitol Nat Bk A Tr Merlden Nat Bank.. Merlden Tr & 8 D Co 132.000 Preferred West Side Bank— Common........ $ 200.000 1,200.000 Amer Bk A Tr Co First National Bank- share. Per First Nat Bk A Tr Oo Common Preferred Black Rock Bk A Tr_ Par Deposits Ask Bid Nomi nal. Bridgeport- Cross A Profits Capital Par Deposits State Institutions Oct. 2 FLORIDA Oct. 2 110.000 500,000 First Nat Bk A Tr Oo e 730 145 ioo tio 270 x 149 17^ 16M ioo 93 100 100 100 100 100 80 128 35 100 110 85 135 40 225 210 3,498,100 104,372,251 t 10 91.800 1,476,500 100 10 263.887 7,942,324 x 10 x 17H 100 Savannah— 1.000.000 200,000 700.000 1,413,308 12,573,582 100 145 5 656.445 9,337.083 100 155 225 Oltls A So Nat Bank, 727.134 988,371 100 145' 155 Bavann ah Bk A Tr. Citizens Bk A Tr Oo 600.000 909,285 11,824,698 100 150 250,000 I 283,005 264.000 500.000 3.213,877 300.000 : 194,266 Bank A Trust Oo. fidelity TitleATr Co Stamford Trust Co.. 5,217.600 f 25 t 32 32 9.004,713 3.566.076 25 85 95" 100 55 65 liberty Nat Bk A Tr _ Waterbury— Oltis A Mfrs* Nat Bk r5,000,000 500,000 650,000 a Common Debentures 200.000 126,000 3.498.100 104,372,?51 5,452,323 195,694 265.837 4,981,787 VSM 17H 100 100 80 50 55 1,535,221 100 30 50 104.838 85 Waterbury Nat Bk— Common ..... Preferred... ... Colonial Trust Co Waterbury Trust Co 24 28 National Banks Oct. 2 State Institutions Oct. 2 IDAHO Nomi nal. Boise City— National Banks DELAWARE Oct. 2 State Institutions Oct. 2 Common Nomi nal. Per share. /Wilmington— Central Nat Bank Farmers' Bank Industrial Trust Oo. Union Nat Bank Delaware Trust Co.. 210,000 313,975 500.000 c4.115.750 625,000 1,394,469 203,175 684,094 1,000,000 875,650 1,500.000 2.797,583 672,600 cl ,021.003 4.000.000 12.177.142 Equitable Trust Co. Security Trust Co Wilmington Tr Co.. 2,159,785 20,973,352 3,113.261 3,684,144 11,920,680 19,359.300 9,876,060 79.289.104 100 110 50 25 300 41 68 100 165 25 65 25 Per share Idalst NatBk ofBoise 750,000 V 876,482 Preferred 588,000 First Security Bank. al,100,000 1,236,197 Boise Trust Co 125.000 48,809 23.534,244 100 N 26,801,070 74,680 100 100 sa o re cent les mrnmmm mm National Banks m m State Institutions ILLINOIS Oct. 2 mm ~mm Oct. 2 mm 70 60 132 140 50 232 240 Nomi nal. Per share' Aurora— Aurora Nat Bank.. 160,000 300,000 379.300 100,000 300.000 348,500 150.000 Merchants Nat Bank Old Second Nat Bank a 201,192 4.352,085 287.847 5,432,357 72,278 3.342,367 45,258199.359 296,374 178.571 1,288,426 2.905,082 6,483 811 2,794,738 100 100 100 N o re coat les sa BellevilleBelleville Nat Bank. Belleville Savs Bank. First National Bank. Washington— Anacostia Bank..... Columbia Nat Bank Bank of Co mm A Sav Hamilton Nat Bank. Liberty Nat Bank Lincoln Nat Bank McLachlen Bkg Corp Nat Bank of Wash. Nat Capital Bank Nat Metropol Bank. 145,000 o City Bank a 475.000 250.000 100,000 1.000,000 500,000 400,000 a 345,000 1,050,000 200,000 800,000 c 82.796 467.785 550,938 322.543 1,054,087 426,989 947.145 220,032 793,167 201,065 1,987.288 1,992,586 9.967.171 5,264,350 3,970.983 27,323.680 7,522,783 11,246,116 6.099,946 10,678,967 2.399,633 28,010.175 100 10 100 100 20 Nomi nal. Per share. 160 Common 24H 192^ Aetna Austin State Bank. .... Mnnsey Trust Oo Union Trust Oo Wash Loan A Tr Oo. 1,000,000 12,168.023 375,000 2,000,000 1,269,250 1,000,000 1,848.049 1,000,000 2.596,902 17,824,763 5,605.330 11,533.507 23.812,675 State Bank-. 31 Avenue St Bk Oak Pk 160 200 Beverly State Sav Bk Central Nat Bank... 50 100 65 120 100 100 140 240 City Nat Bk A Tr Oo 130 Oosmopolit'n Nat Bk Drexel State Bank. 66H {100 80 75 265 180 100 50 100 District Nat Bank— Common Preferred 101 160 242 Hont 111 N B A Tr Oo Oont Nat Bk & T Co 270 200,000 . 100 260 400,000 a Am Nat Bk A Tr Co. al.600.000 100 3.000,000 15.500,887 106,862,383 /100 1.100.000 1100 a 60 9,333.676 530,000 460,021 a 391 852 8,323 552 100 528.000 3,400,000 5,414,440 51,847.862 100 Income debentures - 100 30 250 125 100 100 100 _ Drovers Nat Bank.. First National Bank *lrst Nat Englewood Halsted Exch N at Bk I-O National Bank.. *380,000 3.758,762 89,045 1,498,995 63,10o,366 151,872 5.396,337 110,818 7,127,881 87.424 2,350,961 236.429 9,345,774 3.228.986 143.337,690 100,000 300.000 4.000,00fi ">0.000.000 41,832,542 1281580606 1.500.000 525,197 484,098 a 250.000 64.333 3.587,703 102.000 78,524 3,401,469 98,000 a 442,500 183,445 7,901,717 1.000,000 1,023,348 30,194,659 30.000.000 37.680,453 1075550376 200,000 775,477 5,188,254 200.000 256,180 7,128,244 a 200.000 3.251,921 122,965 100 100 40 • 20 119 94 - 35 95 15 114 100 33 100 220 31 30 100 10 30 26 96 ----- FLORIDA Oct. 2 State Institutions b Retirement Oct. 2 c June 30, 200 f 20 17 20 30 40 100 100 100 100 11 22 145 26 155 225 230 225 200 170 12 Nomi nal. 48,104,267 26.766,288 33,652,505 1,084.412 10 100 25 100 Affiliate of the First National Bank of Atlanta, Ga. Member of the Florida National Group. share. "216"' 217"" h Affiliated with the Barnett National Bank of Jacksonville, Fla. 1 March 29, 1939. I Last sale, r . Lakeland— Florida Nat Bank... 9 Group in Florida. e 0 Per 1,061,738 1,463,435 1,437,602 33.144 debentures outstanding. price. 1939. d Member of the Atlantic JacksonvilleAtlantic Nat Bank.. 43,000,000 Barnett N B of Jack. 1,500.000 Florida Nat Bank 91.500.000 'Spr'field Atlantic Bk 50,000 or k New stock. Combined statement. t Trust funds. 100.000 194,225 1.712.424 25 y Stock all owned by Travelers Insurance Co. x Ex-dividend. - 175 Sale price, Includes preferred stock IS 100 t Branch of Savannah. a National Banks 150 210 80 230 275 Chicago— 270 Biggs National Bank Common Preferred ■Second Nat Bank Secur Sav A Com Bk Amer Secur A Tr Oo. Nat Sav A Tr Oo— St. Clair Nat Bank- 100 175 15 AND BANKS 104 National Banks National Banks Oct. 2 State Institutions ILLINOIS Oct. 2 COMPANIES TRUST Oct. 2 State Institutions IOWA Oct.2 i I v Surplus A Profits Capital Chicago (Concl.) Preferred . M erchandisf Nat' I Bk . 400.000 Mutual Nat BkofOb Nat') Builders Bank. 4 62 ^5.lW44 322,523 956,903 286,724 600.000 600.000 Nat'l Boulevard Bk. 200 58 1,254,026 598,943 289,883 80,580 173,394 194,987 420,461 200.000 i 100 20 12,694,494 26,773,739 268.644 200.000 400.000 Metrop State Bank.. Mld-Oity Nat Bank Milwaukee A v N't Bk 8 15 188,159 600.000 200,000 Mercbants Nat Bk.. 4 12 436,405 1,628,401 600.000 Mercantile Nat'l Bk_ 20 (10 10 200,000 200.000 Natl Bank....... 2,529,956 12,533.692 200.000 National Security Bk Nat Stkyds Nat Bk. 1.000,000 1,469,884 99,944 North Stiore Nat Bk. i 200,000 600.000 g Oak Park Tr&Sav Bk 297,426 1,635,166 Personal Ln ft Sav Bk 2.000.000 754.424 750.000 Pioneer Tr & Sav Bk i 501,382 200.000 Bears-Oom State Bk. 111,773 200.000 8kala Nat'l Bank.. South East Nat Bank 200.000 South Shore Nat Bk. 200,000 State Bk of Clearing 120.000 200.000 . Terminal Nat Bank. Univ St BkofOhlc.. i 298,000 Upper Ave Nat'l Bk. Uptown State Bank. 300.000 Western Stf.te Bank. 200.000 Amalg Tr ft Sav Bk. 4 Banco di Napoh Tr. Obic City Bk A Tr. Drovers Tr ft Sav Bk 4 400,000 Bast Side TrftSav Bk Harris Tr ft Sav Bk. LAe shore Tr ft B Bk Lakevlew Tr ft 8 Bk. Nsrthern Trust Co.. PnPman Tr ft Sav Bk 300.000 300.000 800 000 Burlington- 193.079 77.402 95,375 361,761 378.145 441,172 376,224 O 215.407 458,172 535,547 1,059.873 480,582 76.948 110 100 260 130 275 137 100 115 122 2,915,616 4,359,866 100 100 100 20 100 50 22 62,617 1,756,277 /100 88,115 1,989,204 100 2,002,012 29,628,225 100 500,000 1<7 820,063 500.000 124,862 150.000 19,478,402 (25 2,886,040 125 100 550.000 11,088,317 450.000 69,873 150.000 g 23,549,677 (100 1,103,057 46,136,355 (100 1100 150.000 150.000 85 95 80 Coun Bluffs Sav Bk. Common 75.000 25,000 100,000 ... Preferred 78 100 27 125 83 100 200 215 State Savings Bank. davenport— Davenport Bk ft Tr. Oes Moines— 100 140 150 Common 16 50 100 100 25 100 100 ""25" "32" 70 140 80 145 170 180 35 30 *130'" 135' 20 25 30 100 100 100 100 67 72 203 193 ------ ---- "82"" "88" 27 317 60 1,487,254 8,095,832 2,136,511 100 100 rec 100 sa 102,834 724,198 180,773 100.000 300,000 100,000 2,000,000 1,115.877 1,478,496 50 100 125 660.000 Preferred 200.000 88.000 150.000 Common Quincy— B'dway Bk of Quincy 111 State Bk of Quincy Debentures Mercantile Tr ft 8 Bk Peoples Bk of Quincy S'thSideBk of Quincy 100 165 4 ft J 142,494 1,750.000 1,250,000 50,000 150.000 University State Bk. Valley Sav Bank First National Bank. A mer Tr ft Sav Bank i Sioux City— First National Bank les 75 20 17H 20 20 48 50 2,980,893 | 50 40 30 1,595,890 loo 63 65 613,149 100 20 25 200,000 174.000 200,000 100,000 50,000 296.000 115,589 3,936.484 / 66*1 60 65 174.614 44,795 45,747 103,542 5,944,586 200,000 244,000 600.000 ,451,303 500.000 ^260,636 334.145 Springfield MartneBk 600.000 391.794 _ Woodbury Co Sav Bk 115,4551 National Banks Oct. 2 100 100 892.895 638.302 100 1,505,667 no"" 115" I Indiana Tr ft Sav Bk. Bank National City Bank. t North Side Bank Old National Bank— 812,509 500,000 100.000 150,000 146,700 100,000 500.000 214,000 192.680 31,874 62,096 47,747 815,398 47,259 I 429,089 Peoples Savings Bk_. Fort Wayne— Mutual 1,838,478 Lincoln Nat Bk ft Tr 1.200,000 250.000 712,069 174,265 73,000 12,430,163 f 10 1 10 2.849.959 100 100 1,322.286 109,000 91,000 100.000 g 300,722 6,492,257 flOO 503.283 5,215,182 150,000 150.00C 50,000 174,590 243,978 2,253,153 2,772,102 907,010 Preferred 213,447 300.000 434,000 200.000 75,000 First State Bank Common Preferred Rivervlew State Bk. Leavenworth— First National Bank. Leavenworth Nat Bk Manofac'ra State Bk les 9 7H 'l20'" l35" 150 165 Citizens State Bank. 40 40 10.091,895 5.67a 107 12.388,328 100 175 185 50 105 115 100 125 135 i share. 100 200 225 100 160 100 100 175 100 100 342,395 1,008,173 12,552,357 1,804,845 1 iiS 100 150 110 100 100 275"" 100 N o 100 re cent 100 sa les 125 Seuthwest Nat Bank 100.000 46,247 28.905.019 24,732.055 1,119.279 2,398,569 100 225 250 100 100 100 Union National Bank Common.... Preferred. Union Stock Yds Nat 150 100 Kansas State Bank.. 1,016,781 J100 \150 100 675,380 125 7,119.478 9,657.346 150 75 1,575.917 1,408,259 125 62,513 203,102 610,709 34.029 1,364,«93 1.000.000 1.000.000 1,225,031 100.000 g 31,509 200.000 253,303 First National Bank. Fourth Nat Bank ;ioo 42,709 100.000 i 11,453,710 UOO 1,173.688 584,991 3,110.427 100 101 110.000 1 90.000 100.000 i 3.820.779 f 62', \ 62 50 1.129,646 179,243 36,059 d62tf 110 15,681,486 /100 1100 8.170,689 72,867 100.000 1 100,000 50,000 200.000 500.000 Preferred Kaw Valley State Bk Merchants' Nat Bk. Topeka State Bank.. Wichita— State Institutions June 30 429,504 286,389 8,071 500.000 400.000 77.500 200.000 Fidelity Sav State Bk Guaranty State Bank 16,232,101 1,242,930 1,424,530 28,283 g uoo 100 200 Topeka— 100 100 100 160 100 22,033,960 National Banks State KENTUCKY Oct. 2 Institutions June 30 Per Covington— o Citizens' Nat Bank 20 re cent First Nat Bk ft Tr Co sa les Peop-Llb Bk ft Tr Co < OovingtonTr&BkgOo i 16,251,572 I 380,000 525,983 Dime Trust ft Sav Bk 1,162,744 12,529,333 836,326 39.852 17,487,754 3,194,496 100 100 25 298 20 > 200,000 100 75 100 125 Indianapolis— . Common Preferred 1,419,779 37,489.626 121,582 156,934 2,335,111 125.590,339 1,177,583 914,764 530.747 33,601.848 2,129,666 3.329,337 4.753,401 1 500.000 161148 404 37,494,101 J100 17,300,364 3,998,133 22,181.915 160 725.000 100.000 4,000.000 i 200,000 50,000 i 65,000 1,250,000 i 300,000 500,000 i 282,000 } 1,000,000 Security Trust Co... i 399,200 Union Trust Co 1,000.000 ( 10 I 7,535.665 198.351 25.303 11.105 2,388,279 71.346 424.939 760.000 Indiana Trust Co... 1,151,761 74.599 2,642.807 15 16X a 10 10 100 100 100 100 100 100 268"" 255 150 ... Second Nat Bank Union Bank ft Tr Co Security Trust Co 30 10 6 8 90,750 187.681 377,011 223,277 105,259 2,790,204 4.705.660 10,014,067 4,500,906 5.047.296 300,000 265,627 2,898,706 100 130 135 100 1,000,000 3.114.181 1.731.001 100 107 145 155 170" 177" 100 50 210 305 325 10 ..... "151" 12,312,786 50 2,941,136 2,333,427 3,640,956 100 300 210 215 100 335 340 100 103 366.097 142,295 Yards Bank. Louisville Trust Oo. Stock United States Tr Co. 1,053,451 666.295 129.724 100 noo <1.965.000 6 525,000 734.896 105,663 61.580.893 1001 x270 9,488.177 100I 106 120 124 39,147.790 3 24,046,328 2H 100 116 2.504.745 100 105 4,358.785 100 140 15,355.931 100 200 1,575.941 10 15,806,590 JK 27 32 1,483.856 100 mmmmrn *»«* - mm jm m ---• NewportNewport Nat Bank.. 100,000 100.000 a 144.534 505,630 1.739.446 5,901,855 100 100 ...... 10 * 100 Sale price, a Pref. stock retirement price. b Oct. 2. 1939. 100 100 e Citizens Union Fidelity unified certificates. Affiliated with the First National Bank of g cent sa les d New stock. Louisville. June 30, 1939. c o re J100 h Member of Northwest Bancorporation. i Common and preferred stock or I Last sale, n 18,657,860 5 1,481,560 /.10 70 100 1100 678,285 2.633,533 Liberty Natl Bk ft Tr <1.800.000 300,000 Security Bank KentuckyTltle Tr Co el .000.000 Lincoln Bank ft Tr. 750.000 ■57" 6,178,243 183,585 76,608 200.000 1 350.000 1.265.487 1,000,000 376,948 150.000 150.000 251,691 230,000 500,000 2.000,000 1,000.000 First National Bank. N Merchants NatBk.. i Fidelity ft Colum Tr. 100 Terra Haute— 750.000 250.000 17 25 Citizens' Union N B. 227 American Nat Bank. 240,000 250.000 15 Louisville— South Bend- 349,000 500,000 738,250 250.000 200,000 10 50 Citizens Bk ft Tr Co. First Nat Bk ft Tr Co 1.000,000 185 Lexington— Sank of Commerce. 400.000 share. 4,863,228 5,245,279 6,944.988 1,669.419 100 250,000 550,000 6 150.000 n 486,747 354,922 366,790 87,411 200.000 20 1,264,518 250,000 300.000 American Nat Bank. cent sa 1 20 Preferred .......- share N o re Nomi nal. 400,000 I Preferred 100 100 Kansas City— N Common Common 3,489,491 4,789,840 Comm'l N Bk of K C 50 Ft Wayne Nat Bank Preferred Tsrre Haute First Nat Bank— Oct. 2 Per First National Bank. 10,904,034 5,445,285 9,194,352 INDIANA 500.000 500000 8t Joseph Bk ft Tr Co les Nomi nal. 35 Per City Nat Bk ft Tr Co First Bank ft Tr Co. Merchants Nat Bank cent State Institutions 87,983 280,274 150.000 35 100 Bvansville— Citizens' Nat Bank.. Citizens Tr ft Sav Bk American Trust Co.. _ o re sa Hutchinson— 30 Nomi nal. ... 421,520 250,595 KANSAS Nat Bank of Topeka ..... 100 10 6,450,000 6,068,625 /»100 8,218,780 100 6,934,76 0- 100 ~ 100 2,595,513 303,000 285.026 100.000 Toy Nat Bank.. Security Nat Bank.. State Savings Bank. National Banks Fidelity Trust Co... Fletcher Trust Co— 100 100 N Common Bankers Trust Co... 10,034,318 4,617,239 400,000 250.000 300,000 250.000 Central Trust Co 4 641.396 349,858 People's State Bank. 100 494,142 144,577 250.000 g Exchange State Bank 13,767 300,000 Merchants' Nat Bk. 291,391 5.398,306 ent 65 50 10.680,261 26,408,680 15.281.766 8pringfield— Marion Co State Bk. 22,628 308.152 n 300.000 Live Stock Nat Bank 175 131,163 o First National Bank. Illinois Nat Bank Live Stock Exch Bk. Madison Ave St Bk alOO 50 Trust Go: Preferred Central Nat Bank... Third Nat'l Bank... Indiana Nat Bank.. tlOO 2,024,125 N Bookford— Illinois Natl Bk ft Tr Common a25 Security Nat Bank— Common Class A preferred. Fountain Sq State Bk a 100 585 570 100.000 South Side Trft Sav B Gary— Gary State Bank Gary Tr ft Sav Bk__ 100 is wa-Det Moines Nat Common Capital notes Debentures 100 260 100 Jefferson Tr ftSav Bk People's Tr ft Sav Co cent les . Com Mer Nat Bk&Tr First National Bank. Preferred sa o Dubuque— 100 50 Common........ Common 100 TOO ........ Preferred Oap City State Bank Gent Nat Bk ft Tr Co Bank 100 22 797,874 Common | 600.000 Des MoinesBk&TrCo 1 308 55 600.000 Franklin Bk ft Tr Co N re 100 Bankers Tr. Co— 105 American Nat Bank. Co Swedish-Am Nat Bk. 25 (first National Bank. 100 Cent Nat Bk ft Tr Co Common 177,944 191,208 0 60,000 g City National Bank. 100 118 Union Nat'l Bank Peoria— Debentures 100 20 37.421 2,959,785 34,455.985 4,824,219 1,075,329 500,000 1,980,848 250.000 g 153,095 United State Bank.. Oounoll Bluffs— 100 100 First Nat'l Bank.... Common 115,604 200,000 Oct. 2 State St Bk ft Tr Co. Ask 100 100 Merchants Nat Bank 165 125 544.000 200.000 6,000.000 274tl16,483 4 -786.000 T2OTTTB2 1.462J84 30,918,182 600.000 5.000.000 10,302,065 357,412,553 9,627,460 407,890 300.000 Elgin— Elgin Nat'l Bank Lamasco 2.358,387 2,866,104 Guar Bk & Tr Co 155 100 6.411.817 21.571,913 17,869,250 6,694,327 3.217,335 11,288,101 6,260,874 11,613,261 6.314.127 17,625,417 8,654,961 41,051.961 4.619,334 8,971.251 6,810.793 20,459.285 10.723,724 3.200.192 8,173,276 1,789,853 3,036.752 6,743,262 6,932.554 7.404.346 9,473,386 3,515.688 8,594,624 5.226,400 26.000.237 12,030,064 1,092,511 73,093 75,794 125,000 200.000 Nat Bk of Burlington Oed&r Rapids— People's Sav Bank.. 1 100 Bid Par Deposits Nomi nal. Per share. Farmers ft Merch 8 B 1,000.000 Main State Bank... Capital 84,066 300.000 Liberty Nat'l Bank Lire Stock Nat Bank Madison-Crawford Cross Surplus & Profits Ask Bid 374,537 276.000 I 326.000 Common... Par Nomi nal. Per share. $ 260.000 Kaspar Am State Bk Lawndale Nat Bank Gross Deposits 20 0 10 x Dec. 31.1938. March 29.1939. Ex dividend. capital debentures outstanding. ~/250" National Bank» Baton Rouge— City National Bank Common. Preferred Pnr Deposits Nomi nal. Per shan. 300,000 240,000 Louisiana Nat Bank Common Preferred New Orleans— } 567,011 300,000 240,000 | 573,637 12,603,954 10,492,816 __ 1.000,000 750,000 ... Jl.851,190 1,500,000 1.200,000 Nat Bk of Commerce Common | 955,935 56,790,757 22 23X 1,077,925 886,523 373,585 1.000.000 1.000,000 700.000 Commercial Nat BkOont'l-Am B A Tr Co 274,570 563,875 324,783 6,741,056 9,403,916 3,673,151 100 104H 100 270 800.000 100 79 600.000 913,952 7,516,792 100 160.000 120,000 290.000 235,161 168,509 234,693 3,224,933 1,771,304 3,649,997 100 10 20 200.000 300.000 995,696 211,098 6,423,381 2,357,187 100 10 21 y2 276.000 345.000 257,434 7,724,821 22 CN<M oo / 20 20 427,500 ~~24~~ ~30"" 25 71 70^ 31,929,137 22,635,623 100 125 100 170 160 100 9,291,571 N 105 120" Haverhill Nat Bank. Merrlm&ck Nat Bank State MAINE Oct. 2 Common Preferred Park National Bank Common Bay StateMei'Nat Bk Depositors' Trust Co H Bangor— 1,000,000 200,000 250,935 984,883 Merrill Trust CoCommon Preferred... . .... 9,272,392 7,845,724 share 100 694,237 701,725 Merchants' Nat Bk. Eastern Tr & Bkg Co 100 mm 25 37 mm Ess»x Trust Co re 600,000 \e 605,691 ---500.000 0 cent 13,279,978 J 20 V 20 sa les —Portland-^ Canal National Bank Oasco Bk & Tr Co First Portland NatBklo Nat Bk of Commerce 100 105 23 26 30 35 20 10,899,714 4,338,948 100 25 25 600,000 483,391 200,000 e'/ 204,278 38 368,519 8,086,023 6,402,401 25 498,178 4,138,655 10 16 659.687 12,242,551 25 23 26 244,318 6,582,592 576,012 5,525,869 601,431 6 3,911,265 769,514 b 9.783,542 20 19 20 500,000 250,000 100,000 400,000 n 350,000 232,166 805,410 488,161 200,000 I 78,885 714.500 500.000 .. .Balem— Merchants Nat Bank Naumkeag Tr Co— Common. Preferred. June 30 Baltimore- 50 7,418,956 20 10,248,705 6,336,018 12H 6,076,628 10 110 share. 5 250,000 Common ... C&rrollton Bk of Ball Commonw'lth Bank. First National Bank. Nat Cent Bk of BaitNat Marine Bank... Western Nat Bank.. Colonial Trust Co... Equitable Trust Oo. Fidelity Trust Co... Maryland Trust Co 600.000 11,227,960 40,126,855 800.000 d 370,000 362,400 10,465,900 d 275,500 165,726 3,964,702 268,431 80.000 1,666,738 300.000 209,902 872,669 4.000.000 6,662,434 207,875,713 400,000 529,031 6,814,327 600,000 798,716 5,731,550 750,000 575,190 13,205,988 400,000 139,767 2,034,164 2,000,000 1,325,075 38,469,557 1.000.000 1,170,042 19,562,946 Common 1,000.000 U1315877 1,550.000 1.600,000 3,893,674 600,000 280,334 2,000.000 4,571,315 3.000,000 nl,723,165 Capital notes Mercantile Tr Co... Real Estate Tr Co.. Safe Dep & Trust Co Union Trust Co 21 Jn 936,582 3,591,236 7,181,639 d 394.000 50 75 50 100 100 25 25 1,939,954 101,627 15,302,266 30,939,204 14,706,382 14,701,952 2,358,838 261,172 324,207 2,023,918 4,627,950 100 1,126,428 259,543 15,945,827 5,195,747 100 10 k Capital notes Second Nat Bank 10 58 20 25 16 25 40,275,140 33 15 100 68 {.10 25,128,622 1,537,486 41,357,142 46,397,728 50 100 25 National Banks State Street Tr Co.. U 8 Trust Co— Common Convertible pref.. Winthrop Trust Co.. pfc Beverly— Beverly Nat Bank.. Beverly Trust Co b- Brockton— Brockton Nat Bank. Hone Nat Bank Cambridge— Cambridge Trust Co County Bk & Tr Co. Ha^vard Trust Co... fiveretc— Middlesex Co Nat Bk 18 10 10 1" 133,050 637,166,954 21 23 9 8H State Institutions MICHIGAN June 30 Nomi nal. Bay CityBay City Bank 300,000 Natl BK of Bay City. People's Commercial & Savings Bank—. d Per share 15 2,308,340 6,490,207 100 400.000 69,999 386,365 100 N o re cent 900,000 991,325 9,683,289 20 sa les Commonwealth Bank d3,700,000 n2,151,358 661,758,202 Detroit Bank 13 50 103 108 1,800,000 ln3257467 153,199,752 J 20 Preferred 3.570.000 t 20 Mfn National Bank3,000,000 5,147,668 129,612,312 50 h 100,000 36,511 Michigan Ind Bank 434,819 100 56 57 Detroit- 250~" 55 557>£ 9 6,017,439 100 90 100 1,612,679 125 25 195,980 6,971,554 50 110 115 12 Common 26 13 Common 8.250.000 9,250,000 Preferred J 118,851 932,099 513,785 5,400,578 5,378,470 100 25 126,861 1,814,478 115 4,070,570 {.!. United Savings Bank Common 750,000 500,000 1,200,000 500,000 Preferred Wabeek State Bank. Bankers Trust Co "15" 125'" 75 4,214,422 1,498,526 Common 309,660 226,340 Preferred Detroit Trust Co 115 412,545 208,647 c25 90.000 377,000 105,847 335,736 100 190 195 10 1,731,245 6,026,112 264,616 79,716 3,980.575 2,043.967 )nI200,866 n n 420,830 417,741 7 8 10 Preferred Highland Park Trust h o 100 1 10 1 25 22,974,402 / 10 444,818,779 42 43 25 26 I 10 13,318,841 g 393,270 "io "13" 47,105 950,000 150,000 500,000 1,721,468 f I 10 11,203,633 1 20 At 20 24 g g 1 n 98,991 687,378 g g 2M ~l4~" io 3H 7 41 26 100 324,331 6,556,315 100 Flint— cent 10 J 2,010,000 Inl ,759078 Common Ud Guardian Tr Co. 200,000 150.000 J14115948 Equitable Trust Co65 les 10 Oil Com A Savs Bk. dl ,000,000 Genessee Co Savs Bk 1,000.000 250,000 i 400,000 828,391 365,439 77,511 424,696 20,942,970 9,237,089 3,074,527 5.498,938 20 18 250,000 Merch A Mech Bank 103,705 1,987,794 20 12 14 500,000 1 180,000 629,421 11,560,549 | 20 23 20 20 400.000 590.134 9,023,165 17 25 23 19 |n2272737 47,851,204 26 27 20 28 30 20 23 25 20 22 25 20 Grand Rapids— MASSACHUSETTS 1.000,000 3,390,872 to,000,000 n5,288,422 400,000 434,000 3.890.000 716,758,871 700.000 450,000 j ?il235 058 100.000 73,665 Central Bank s,aVZaTns Nomi Bolton— Per First National Bank 27.812.500 52,779,152 760 ,193,575 12M Merchants' Nat Bk. 3,000,000 5,684,158 105 ,555,805 100 395 Nat Rock Bk of Bos 1,500,000 2,863,749 34 ,079,731 20 70 Nat Shawmut Bank 10.000.000 20,876,868 198 ,811,075 12M 24^ Second Nat Bank.. 2.000.000 4,767,712 95 ,612,275 25 139 Web & Atlas N Bk.. 1,000.000 14 ,949,693 469,284 50 47 Boston 8 Dep A Tr__ 36 ,838,574 2.000.000 100 a295 4,066,163 Columbia Trust Co.. 2 ,333,115 100,000 241,072 100 Day Trust Co 1,250.000 1,798,935 14 ,283,637 50 1 ,798,280 Fiduciary TrustGo. d 500,000 672,507 50 Old Colony Trust Co Pilgrim Trust Co 1.000.000 ..... Nat Bank of Flint New Eng Trust Co.. 135 10 Nat Bank of Detroit- 150.000 Farmers & Merc Bk- 25 34 100 *500 10 8 Bagerstown— Oct. 2 600,000 300.000 25 Tr Co Oct. 2 77,815 44,220 150.000 Ni cod em us Nat Bk._ d Second Nat Bank "70" 30 44^ 100.000 1 Preferred Fr'k Town 8av Inst. West Maryland Tr._ n 2.000 000 80 30 100,000 125.000 Frederick Co Nat Bk Common National Banks 300.000 ... Citizens' Nat Bank.. Farm & Mech N Bk. Hagerstown Trust Co 200.000 Class A i~57 100 150.000 291,000 Capital notes Frederick— 360 6 6H — 2 Liberty Trust Co— Common 7^ 340 68 10 184,712 100.000 I 99,500 600,000 ... 14 10 10 1,000.000 194.250 Machinists' Nat Bk. Bristol County Tr Worcester Co Common Peoples Bank— Common 50 10 Guaranty Bk & T Co 120 Cumberland— First Nat Bank.. 9^ 100 2,091,993 111,747 250,000 200.000 WorcesterMechanics Nat Bank Baltimore Nat Bank Preferred Calvert Bank Canton Nat Bank.. 9 39 M 10 Taunton Per 381.367 350 48 H 20 50 WestSpring fluid Tr. Nomi nal. 500.000 245 100 Peabody— Warren Nat Bank Union Trust Co Bait Comm'l Bank.. 25 100 Sprin, State Institutions MARYLAND 60 ——- 451,504 _ Oct. 2 55 2,536,030 [100 1100 20 9,715,950 & Id Nat Bank dl ,800.000 704,753 T&ird Nat B fcT Co.. 1,500.000 3,349,944 Springfield 8 1) & Tr. 1,000.000 nl ,456,017 National banks 50 50 40 ' 400,000 [ I New Bedford— Merchants Nat Bk_. Safe Deposit Nat Bk N 272,279 1,000.000 i Lynn S Dep & Tr Co Security Trust Co 39 100 6 300.000 First National Bank ? ent les 600.000 National Bank Per 8,611,975 10,987,615 438,885 f o Lowell— Lynn— Manr's.-Cent.Nat Bk Nomi nal. 825,000 155,337 100,000 Preferred 141,000 Hadley Falls Tr Co.. dl .400.000 Lawrence- Institutions Sept. 30 mi First Nat Qranite Bk d sa Holyoke— Holyoke Nat Bank— Apple ton Nat. Bank. Union Old Lowell National Banks rec Haverhill— Shreveport— First National Bank. 400.000 Fall River Trust GHouc Nat Bk of Glou GHauces 8 D A Tr Co 94^ (20 Ask Fall RiverFall River Nat Bank Burfee Trust Co Gloucester— Oape Ann Nat Bank- 80 35,651,836 /100 1100 1.500,000 11,008,346 55,799,178 1,200,000 208.000 220,999 2,957,888 2.800,000 7,272,697 137,068,^22 Preferred. Louisiana SB & T Co Whitney Nat Bank.. Bid Nomi nal. Per share. Fltohburg— Amer Bk & Trust Co Common Preferred Hlbernia National Bk Common Preferred Par Deposits $ % Safety Fund Nat Bk. 150 J100 t 25 20 vHH oo Oross Surplus & Profits Capital Ask Bid $ ... __ 105 Oct. 2 Oross Surplus & Profits Capital COMPANIES State Institutions LOUISIANA Oct. 2 TRUST AND BANKS JAN., 1940] 33 ,539,416 Nat Bk of Grand Rap Common 47 405 73 142 52 8 ,047,825 100 170" 185" 100 297 305 13,057,110 I 10 10 11 13 14IH f 10 100 300,000 100.000 312,951 4,203,720 ^94,985 b 1,694,032 100 100 600,000 500.000 658,113 1,000,000 Preferred 1,250,000 Grand Rapids Tr Co. d 400,000 Union Bank of Mich. 250,000 Michigan Trust Co.. 1.200.00U Saginaw— Saginaw State Bank. d 357,000 • 93 ,388,334 1 Common Tr tlO 2,557,500 Peoples Nat Bank— 10 Old Kent Bank— Second 50 a400 None Preferred nal. share. n Nat Bank MCwtO—«»- o o n n 261,257 6,723,840 2,613,710 28,677,323 100 "15" "l2"" 20 n 1 g 17K 18K 14 16 25 28 mm.mmmm m e255 A 1.250,000 f"n. 8ale 1,296,827 3,435,732 2,593,471 117,203 406,820 697,090 n price. Stock has to be offered to board of directors. 6 Includes savings deposits. a C Retirement price d Common and preferred stock or capital notes e June 30, 1939. outstanding. / Convertible pref. stock entitled In liquidation to $20 0 a share. Trust bal&ncos ' 150.000 300,000 1.000.000 600.000 8,268,390 7,608,594 712,353 b 6,908,971 514,653 4,604,183 1,179,199 &21.169.007 100 10 20 160 20 421,765 799.593 10,535,515 h .Effective Dec. 15, 190 152 50 10 1939, the Guardian Bank of Royal Oak, Royal Oak, Mich,, was consolidated with the Highland Park Trust Co., Highland Park, Mich., under title of the Wayne Oakland Bank, with common capital of $300,000, surplus $130,000, and undivided profits of $10,000. The consolidated bank will take over selected assets and business and personnel of the Michigan Industrial Bank of Detroit. 1 440 19 460 77 79 21 I Dec. 31. 1938. SiftJe k Units. n Oct 2 1939* o First National Bank and the Portland National s March 29, 1939. Bank, both of Portland, Me., merged Jan. 1,1940, under title of First Portland National Bank. t Affiliate of First National Bank of Boston. National Banks MINNESOTA Oct. 2 Capital COMPANIES TRUST AND BANKS 106 State Institutions Oct. 2 National Banks Oct. 2 Cross Surplus & Profits Par Deposits Bid Ask State Institutions June 30 MISSOURI Cross Surplus & Profits Capital Nomi nal. Nom inal. 36,710 851,348 7,085,561 2,013,542 29,672,319 1,207,640 e First Nat Bk A Tr Co 66.000,000 Hennepin State Bank 6 Marquette Nat Bank k 100,000 362,000 974.375 100,000 Midland NatBk & Tr k 6 Minnehaha Nat Bk 18,925 les sa 100 66*3 (100 5,000,000 14,384,367 130,490,044 1,350,000 1,642,987 39,611 100,000 Produce State Bank 1,257,158 16,822 e 50.000 2d N'west'n State. 1,728,935 elOO 143,547 100,000 Third N'west'n N Bk e 2,966,742 elOO 144,708 125.000 4tb Northwest Nat'l. k 1,303 ,£73 50,212 79.600 University state Bk. * Preferred 120 20 30 SIX 100 88 91 20 6 100 85 100 25 1.000.000 Chippewa Trust Co. k laston-Taylor Tr Co A: 340.000 400.000 merce _. 250.000 _ 20 36 100 Nat'l Bank. 126 k * 20 100 50 "26" " 10V8 e 5,953,537 (7100 1,941,490 100 143,520 68,333 200,000 125,000 100 100 10K National Banks State Institutions Oct. 2 MONTANA Oct. 2 No re cent 222,731 195,752 210,649 300,000 100,000 600,000 964,533 44,100 597,187 12,521,198 1,310,480 13,434,429 600.000 298,178 10,066,889 (7100 250.000 Sec Tr A Savs Bank. sa 208,494 7,880,877 J100 N First National Bank Miners Nat Bk Tr Co Metals Bk A 11X o 100 re cent 100 sa les First Nat Bk A Tr Co Union Bk & Tr Co— Common ..... Preferred. .'.7 National Banks 1100 (7100 i Oct. 2 MISSISSIPPI State National Banks Nomt nal. Per Per share. LincolnContinental NatBk— share. Common 312,500 e Preferred Commerc'l Bk&TrCo Depot Gu Bk A TrOo Jackson-State N Bk. Meridian— Citizens Nat Bank. First National Bank. Mar A Farmers Bank 877,198 11,458,112 7,651,371 17,809 591,475 538,055 I 11,434,194 1100 1100 21,585,796 100 100 11,635,301 249,967 First National Bank. .290,000 935,000 Nat Bk of Commerce 300,000 558,459 831,658 1,500,000 500,000 1,164,912 635,270 29,423,440 14,346,415 100 1,500.000 [1,776,650 47,099,807 poo Preferred 8,934,579 638,057 300,000 100.000 50,000 736,400 297,000 Oct. 2 Oct. 2 Nomi nal. Common Institutions State NEBRASKA Institutions Jackson Capital National Bk- 4100 200 .000 - 1100 Oct. 2 I a... Helena— " 5,123",196 share. Per 5,037,915 (/100 100 3,258,396 3,026,530 100 200,000 150,000 100.000 Midland Nat Bank. Montana Nat Bank. Butte--- 7,884,751 First National Bank. (76.000.000 119,602 g 100,000 / First State Bank 250,620 EmplreNatBk&TrCo ek 455,000 214,812 250,000 Stock Yards Nat Bk. * Midway Nat Bank— 315,854 100,000 Common 137,500 Preferred First Trust Co. gl .000.000 / 477,053 nal. Nomi Billings— 30,078,760 100 100 4,629,392 100 2,121,606 136,682,315 (7100 <U1 100 2,207,314 100 8,682,001 6,092,537 el 00 1,057,629 American Nat Bank. *1.688.000 150,000 / 418,778 Commercial State Bk jfc 79,464 DrovExchState Bank ok 200.000 / 30 175 100 2,700,907 11,436,133 2,426,172 19,825 445,829 107,118 290.000 591.000 100,000 Southern Missouri Tr k Rochester— Union Nat Bank St. Paul— 4H 30X 29X 100 ' First National Bank. 128 4 n Springfield— Citizens' Bank Union Nat Bank r_ b share. 100 Merc Com B A T Go- 10.000,000 VI ercan tile-Com¬ 100 N'western Nat B & T Common Per 4,573,898 215,731 900,289 15,385,072 9,164,513 361,826 21,073 3,160,684 40,212 3,283,381 5,911,664 260,178 i 6,457,898 180,669,862 LIndell Trust Co. o 2,589,111 6100 118,397 1,985,300 45,056 1,913,367 el 00 41,351 8,069,343 149,993,066 b 20 1,10*,512 100 30,547 100 6,536,051 308,413 584,088 17,162,985 el 00 2,071,845 6100 47,005 100.000 140,000 100,000 k Central Nat Bank.. Fifth No'west'n N B N 100 6,120,320 11,178,925 1,118,722 919,227 258,137 % 500.000 1,000.000 6,192,489 356,751 350,000 Miss Val Trust Co.. 6,000,000 3,107,316 102,144,682 k 253,022 i 3,076,808 Meund Olty Tr Co 26,756 317,555 4,434,918 Nertb St Louis Tr Co 300,000 i 2,879,004 WebsterGroves Tr.. 224,243 100,000 50 100 re cent *92,869 45,169 St. Louis (Concl.) Telegraphers Nat Bk Tower Gr Bk A TrCo United Bk A Tr Co.. 100 1.000.000 Northern Nat Bank. 100.000 Pioneer Nat Bank * 100.000 f Western Nat Bank b share. 100 332,652 47,386 100.000 f 600.000 City National Bank. 200.000 Duluth Nat'l Bk.— * First A Amer Nat Bk 2.000.000 Minnesota Nat Bank 400,000 of Duluth Minneapolis— Blooming'n-Lake NB Per $ $ Duluth— Bank of Oomm A Sav Ask Bid Par Deposits 75 65 (30 (40 10 12 15 100 150 165 100 150 175 150 al00 165 240 260 37 160 39 185 200 OmahaFirst Nat Bank Live Stock Nat Bank 20 Omaha Nat Bank— 3,154,089 2,993,186 4,403,230 259,000 332,500 238,000 130,784 206,355 118,879 600,000 300.000 . 283,674i 314,460' 100 80 85 50 68 70 50 58 62 Common Preferred J Vicksburg— First Nat A Tr Co— Mercb NatBk&Tr Co 8 54,131 380.000 270.000 el.100.000 142,698 Preferred 100 . _ Z140 2,588,034 /100 121,000 79,000 50,000 Common 5,363,544 5,282,617 1100 500.000 ... Packers' Nat Bank: South Omaha Sav Bk 1100 25 938,867 56,204 Stock Yards Nat Bk Common National Banks MISSOURI Oct. 2 State Institutions « Preferred O June 30 S Nat Bank 7,864,487 (100 1100 29,599,489 100 30,174,161 100 950.090 100 1,194,091 Nomi nal. Per Kansas City— 100,000 600,000 500.000 Baltimore Bank City Nat Bk & Tr Co Columbia Nat Bank. Commerce Trust Co Community State Bk First National Bank. Inter-State Nat Bank Llnwood State Bank. Merchants Bank Merc Home Bk & Tr 6,000,000 100,000 2.000.000 500,000 100,000 200.000 162,090 i 5,371,893 i 66,737 5,000,294 1,475,189 80,152 i 199,771 2,120,078 32,690,112 7,094,132 183,586,817 1,283,824 135,078,360 24,353,313 1,721,000 3,615,094 100 107 100 100 72 140 share. 350 100 — Capital notes Missouri Bk & Tr Co Ji 347,851 10,010.784 82 90 440 .100 295 470 325 100 100 100 200 Southeast State Bk._ South Side Bank— Common Preferred Stock Yards Nat Bk. 225 100 139,333 8,669,378 62^ 130 115 120" 95" "75" 550,000 1,000,000 1 1,000,000 100,000 Preferred Union Av Bk of Com 738,927 65 50 "200" 225" 45 Tootle-Lacy Nat Bk. Amplre Trust Co 200,000 500,000 moot 250,00c 200,00^ 200,000 Missouri Vall Tr Co. First Trust Co FlrstStJosSt'kYdsBk 200.000 200.000 400.000 600.000 i i / i 100 100 150 75 100 150 7,804,740 4,063,079 8,074,680 2,959,344 4,047,652 8,304,516 2,737,733 1,204,587 k | 102,177 Bremen Bk A Tr Co. • 400,000 Com Bk & Tr Co 300.000 10,200,000 750,000 200,000 H 89,679 100,000 600.000 144,793 Common Capital notes Jeff-Gravols Bank.. Lemay Ferry Bank— 2,547,518 45,862 2,628,599 2,274,767 56,732,549 323,172 5,481,618 205,290 5,850,727 8,903,847 261,273,761 387,133 12,589,774 2.000,000 Boatmen's Nat Bk.. Preferred. & Trust Co Nat Bk. - 600.000 500,000 500,000 720,000 200,000 350,000 j 3,486,954 N o 100 re cent sa les s 100 sa les 533,424 592,462 577,494 6,519,909 5,991,396 6,768,438 100 280 100 135 100 80 300 140 , 100 N 0 re 3,429,208 ( 100 1100 100 1,663,979 98,815 33,631 Banks cent les sa 36,832 4 Common 120,000 126,000 344 000 500,000 253,365 4,890,646 225,000 1.184,565 149,552 20 1,474,118 (100 f 547,094 i 58,788 755,371 12,097,624 6,681,372 10,408,133 7,261,629 3,824,433 11,887,228 51,881 242,514 3,366,190 5,211,768 I 10 a30 10 I 3 75c 10 Asbury Park— '' 75 35 85 Asbur y PkNatBk ATr k 20 36 85 92 100 100 17 41 20 75 309,096 6,476,354 100 70 85 10 6 10 5 3 4 50 Asbury Park A Ocean 100 1100 150 1,286,000 (100 6 15 Share. 100 400,000 Equitable Trust Co— 100 June 30 7,628,033 100 j20 120 Institutions State 738 431 Guarantee Bk&Tr Co 65 42" '"IS" Seacoast Trust Co 300,000 100,000 169,837 113,651 Bayo me— it Broadway Nat Bk Bayonne Trust Uo__ 200,000 400,000 30,456 406,451 1,986,267 10,009,956 Grove Bank 75 100 75 7 5" Retirement price. b First National Group. Dec. 31, 1938. d Owned by the al00 20 15 16 100 85 90 50 49 51 20 19 20 20 24 27 100 115 130 100 20 60 19 549.975 2,901,235 972,253 a 1,012,893 J100 1100 593,550 220,386 268,497 NEW JERSEY Per Atlantlo City— Boardwalk Nat Bank Bankers Trust Co— 100 6,869,414 i i c 400.000 cent 100 Preferred.. 100 Commerc'l & Savs Bank 0 re Nomi nal. 100 Manufacturers Bank Manchester Bank— Mutual Bk & Tr Co.- N 100 200.000 Oct. 2 c 50,000 50,000 Common 100 100 National Preferred 107,500 92,500 235,000 share. 6,556,959 3,457,759 3,636,128 250.000 1 75,000 Hnmn Na* Bk Common Common. 150,000 Nashua— Head Nat Bk k k Nashua Trust Co.. ^erondNat of Nashua k Portsmouth— First National Bank. loo"" 1,484,625 923,659 2,024,372 Amer Exch Nat Bank Southern Amoskeag Nat Bank Manchester Nat Bk. Merchants Nat Bank 931,417 619,899 289,529 10Ji Bt. Louis— louth Side Nat Bk— Per 200.000 Preferred 9 234,550 274,214 436,986 167,405 99,903 267,314 134,432 68,957 129.000 First National Bank- J10 28,727,889 227,772 18,865 191,512 c 200,000 Burnes Nat Bank June 30 115 100.000 100.000 Institutions State Manchester— New University Bank West port Ave Bank. lit. JosephAmerican Nat Bank. No'western NEW HAMPSHIRE Common k Common Plaza Bank (The). . Sec Nat Bk Savs&Tr Banks Oct. 2 Indian City Bk&TrOo Jefferson Bk & T Co- Security National Bk 1,341,478 15,097 Norm nal. 639,941 /100 U00 8,114,734 100 31,763 600,000 100,000 First Nat BkofNev.'d 170 Union Nat Bank— Industrial Reno— 135 50.000 1/ 25,208 50,000 400,000 287,650 Produce Exch Bank- First Nat Bank Aomti nal. Per share. 150 70 100 89,402 106,285 50,998 61,069 NEVADA Oct. 2 . 100 1,590,046 J100 1100 1,715,693 100 3,006,955 100 100 2,552,649 100 1,386,440 100,000 1 100,000 50,000 / 200,000 100,000 i 100,000 Common Preferred Park National Bank. Plaza Bank of Comm Preferred Baden Bank National Banks — National 200,000 194.000 Common Traders' Gate Nat'l Bank 68,531 2,032,891 e „ Bancorporation. / June 30, 1939. 0 Member First Bank Stock Corp. 1 Oct. 2, 1939. k Preferred stock and common stock or I Last sale Francisco, Calif. Transamerica Corp.. San Membei of Northwest _ capital debentures outstanding. . t . , , . , applicable to 100,000 shares of beneficial interest, which In turn represent 3,500 shares of $100 par stock of the Mercantile-Commerce National Bank of St. Louis, Mo., held by the trustees. o American National Bank of St. Paul affiliate. s Member of the Guardian Detroit Union Group Inc., Detroit, Mich. n Price JAN., 1940] BANKS National Banks Oct. 2 NEW JERSEY Surplus Institutions State COMPANIES National Banks June 30 Par Deposits Ask Bid 107 NEW YORK Oct. 2 Oross A Profits Capital TRUST AND Institutions Oct. 2 Gross Surplus A Profits Capital State Bid Par Deposits Nomi nal. Bridgeton— Bridgeton Nat Bank. k Cumberland Nat Bk. k Farm A Mer Nat Bk. k share. Per $ 243.600 675,000 249,500 86,858 250,725 108,866 100 25 65 20 8 Auburn— 30 100 2.354,969 5,013,451 1,599,722 70 9 Pet share. Nat Bank of Auburn Auburn Trust Oo 355,722 135.036 400,000 675.000 6,216,125 5,968,588 100 100 Binghamton— City National Bank. Merchant ville 1,135,524 25,318,635 12% 3** 2% 400,000 969,718 9,865,910 100 First National Bank- Camden— FirztOamNatBATOo <22,162,891 600.000 <500.000 593,086 577.447 10,101,799 8,036,730 100 Marine Midl'd Tr Oo 1,395.601 38.515,711 Brooklyn—State B 10 3 ank A last Orange— Ampere Bank A TrCo 200.000 60,280 95,600 769,165 308,027 3,047.391 33 % Say Inv A Trust Oo: Tru st Co. retur ns date Oct. banks Oct. 2, 1939 Citizens Bk of Bklyn Flatbush Nat Bank 45 240.000 e Bllxabethport BkgCo <2 National S tate Bank Central Home Tr Oo Elizabeth Trust Oo Union County Tr Oo 400.000 <21,286,000 70,311 143,715 33,993 364,806 6,797,752 20 25 12 40 10 500,000 382,846 2.725.861 10 First National Bank. 2,225.000 Franklin Nat Bank., d 200,000 Hudson Co Nat Bk— 1,228,896 79,176 51.120,706 100 61 3,691,604 37 % 35,662,491 600,000 4,000,000 ji,345,844 52,614,472 230.000 c22,9"44 3,030.780 Common ... _ . Lincoln-E Side N Bk Mfirs & Trad Tr Co_ Marine Trust Co Elmira— ^hemuny Can Tr Oo Elmira Bk & Tr Co 3% 2% North Bergen Tr Co. Trust Oo of N J— —Common ( 30 100 25 50 64 r30 10 Long Branch— Leng Branch Bkg Co Mofrlstown— 5,000.000 <8.000.000 28 % 25 30 Morris town Trust Co Mt. Holly— Union Nat BkATrGo Farmers' Trust Co.. Newark— 500.000 575,616 200.000 600.000 436,362 455,559 113,489 200.000 100.000 Bank of Commerce of Newark Lincoln Nat Bank Common—i 100 50 5 75,000, 848,455 8,233.459 100 400.000 4.463,771 4,878.215 <50 775,215 144.2791 150.000 108,392 550.000 150 100 Kingston Trust Oo 1,712,724 48,880,481 3.000,000 500.000 2.116,204 28.618,060 Clinton Trust Oo c611,440 d 620.980 3.330.607 Columbus Trust Co. 99,164 304.000 2.038.608 Federal Trust Oo 1,147,905 34,212,739 1.622.500 Fidelity Un Tr Oo... d7.000.000 c8.674.313 162,847.870 Merch A Newark Tr. 2,500.000 cl,599,333 18,566,060 Union National Bk. 152,298 330.300 n 3,105,289 United States Tr Co. 573,612 000.000 4,420,784 West Side Trust Oo. 426,917 1,022,425 10,284,274 New Brunswick Nat'l Bank of N J.__ d 412,783 803,500 10,815,292 Peoples Nat Bk 471,650 300,000 6,749,034 100 1% 45 500 100 25 h 16% 19 10 10 25 10 6 5 25 % 26% 25 Grace Nat Bk ofNY Nat Bronx Bank sa 132.816 100 n 1.942.552 f 255,188 les 10 1 .... o cent 10 4,617,810 r30 33,186 100,000 42.750 2,207,881 I 1,317,419 100 400.000 760,000 National City Bank. 77.500.000 VatSafetyBkA Tr Co dl .014,300 Penn Exchange Bank d475.000 *>ubllc Nat BkATrCo 7.000.000 Schroder Bkg Corp. 5.000 000 29,497 100.000 . n 1 34,662 288,857 142,324 355,350 1,037,135 20,415 1,000,000 100,000 400.000 Weehawken Tr Co HudsTr Oo UnOity. <21,995,000 Woodcliff Trust Co.. d 145.000 40 50 i 142.590 Liberty National Bk Guttenberg. Com-Mer Tr Un City Gutt'b'g Bk A Tr Co 50 r50 1,448.200 10 100 8,975,556 26,359,084 1,529.165 25 10 30 Passaic— Passaic N BkATr Oo <22.125,000 Pesple's Bk A Tr Oo. 1.000.000 2,385,183 Plainfleld— Plainfleld Nat Bank. 425,000 Mid-City Trust Co.. d 100,000 Plainfleld Trust Co.. dl,150.000 d 247.500 389.204 30.858,490 5,703,088 124,626 56,275 533,709 53,387 : 5,514,017 1.164,109 16,535,533 4.018,577 1 100 York Ci >.y banks are 24,100 repo date 1 Trust returns co 500.000 550.000 c date Oct. 2. Bk of Athens Tr Oo. Banco di Nap Tr Oo B'kof Montreal Tr Co c 595,129,000 10 cl7.092.054 2 650150000 66*j 298.194 9.768.872 3,071.954 10 143,947,000 17 % 3,428.901 C27.512 947 1.794,085 c27.788.698 348,925 7,592,860 7 I* <25% i2!S 25 100 N o 100 re cent 100 sa les Clinton Trust Oo Colonial Trust Co Continental BkATr 10 554,473 580,000 57,341 loo.ooo I 60,684 293,000 1,552,880 600,000 869,469 1,500,000 1.000.000 £2.062,517 13,576,614 (100 1 60 1,351,289 2,413,980 13,773.195 17,293,850 29,852,789 100 100,000 45,000 424,465 6,481,274 600,000 1 594.000 133,283 8.550,939 1 510,094 680.000 Common Preferred Citizens Trust Co— 55 500,000 1.000.000 187,300 677.312 3,969,800 15,239,613 1.000.000 652.800 60 Preferred U S Trust Co— Common Preferred 50 25 25 600,000 25 50 160 ~30" 7 20 10 9 25 rl2% 16,618,575 (100 \ 50 20 13,891,043 41.103,921 1,205,249 1,535,288 21,950,232 25,722,968 100 40 10 100 100 20 25 50 45 50 10 1 2 Common 10 28 12 6,000,000 7.071,931 >4,351,593 Debenture notes__ Trust Oo of Nor Am. d 750.000 262.900 8,328,200 Underwriters Tr Oo_ 949.389 1,000,000 17,828.680 U S Trust Oo of N Y 2,000,000 28,812,919 101,498 187 6 38 50 30 25 9% 13% •HB 59% 60% 10 20 100 12 10 25 10 100 100 "195 2l5 100 "285" 290 "12" 13 100 10 100 25 f 20,450,701 5 104** 107% 49% 51% 20 I2? 25 "27% "30% 37% 51% 4% 110 39% 53% 5 113 25 200 {.I2 3% 4% 100 100 80 100 1610 90 1660 Jamaica. L. I.— 50 Jamaica Nat Bank_.d * a Mechanics' c 100,000 562,962 First Nat Bk A Tr Oo 200,000 456,954 3,077,658 3,070,877 Woodburv Trust On 100.000 353,700 1.621.751 10 50 10 60 70 Sale price, 373,4001 t Marine Midland 4 044,200 Corp. Only outstanding stock of People's Bank A Trust Oo. of Passaic, N. J. is $1 par pref. stock of the Realty A Security Co. 6 Woodbury— National Bank 16 31% it* 18* 25 Trenton— Broad St Nat Bank. 551,611 977,500 Flrst-Mech Nat Bk d3,134,000 2.629,004 60.488 Prospect Natl Bank. 200,000 Security Nat Bank.. 200,000 82,156 Trenton Banking Oo 1,500.000 1,236,899 Trenton Trust Oo... dl,874.000 £1,688,607 >43 507660 . 14 29% 20 20,859,821 37,043,705 737,809,059 Marine Midi Tr Co.. 5,000,000 9,303,590 117.283.735 New York Trust Co 12, "00.000 27,939.377 432,596,654 Pan American Tr Co 153,600 600,000 5,451,900 Savings Banks Tr Co d29,997,000 6.294,700 175,799,200 Title Guar A Tr Oo— 50 121! 750.000 Common 32,998,440 Convertible pref__ 9,140,520 Mfra Trust Oo: "65" 50 L 1,723,535 1,962,244 12 20 ' Common 1.000.000 2.000 000 Lawyers Tr Co 46 ""lo "59% "61% 50.000 000 53,102,954 662,205,039 Irvlng Trust Oo 439 18 100 50 331,122 725,000 8,575,892 462,900 9,533.100 1,000,000 63.236,263 4,000.000 4,380,809 Corn Ex Bk & Tr Co 15.000.000 20,516,715 329,420,341 Corporation Trust Co 500.000 404,800 32,700 Empire Trust Oo 3.500.000 3,571,514 72,711,896 Equitable Trust Co. 500.000 392,100 327,600 Federatic □ Bk&TrCo 825.000 1.390,974 11,156,279 Fulton Tri «t Co 2.000.000 2,832,393 24,265,156 1 000.000 1,490.561 Fiduciary T* oat Co.. 13,509.238 90.000.000 183072,759 2 027675759 Guaranty Trust Oo. Hellenic Bk A Tr Oo. 405.040 3,305.878 1,000,000 166" 16** 40 257.600 d Schroder Trust Co.. "75" and 1939 _ i 429 "26 "26" Cent Han BkATr Co 21.000.000 72,071,936 1.081050.448 Chemical Bk & Tr Co 20.000.000 56,267.665 697,763.104 City Bank Farmers' Trust Co 10.000.000 14,869.168 70.143,715 175 rted net 13.55 35% 37% 165 171 100 107,633,000 730 100 700 56.421.000 1930 587,839,000 100 1890 2,096,791 c34.928.686 100 277.000 100 108" 118"" 5.808,300 40 322.400 r 10.488 100 50 44 61,343,459 2 250982000 23** 30 12 14 985,700 c 18,139,800 12% Bankers Trust Co... 25.000.000 30.314,059 1,111,678,609 Bronx County Tr Oo d2,642,500 231,700 23.650.800 20 11.609.074 4 280.836 168 100 1.500.000 Nat Bk of W N Y— Common Preferred Hamilton Nat Bank efWeehawken sa 100 100 d Sterling Nat R A T Trade Bank & Tr Co. 100 u re cent 10 7,242,100 Merchants Bk of N.Y N 5,40.072 26,340,243 790,122 Chase Nat Bank 100.270.000 134328,240 Comm'l Nat Bk & Tr 7.000.000 8,463,940 Fifth Ave Bank 500.000 3.874,094 First National Bank 10.000.000 109153,708 12 re ew 650,000 20 25 350 ------ 100 6,000,000 13,807,937 204.580,000 21 25 6.10 n Bk of the M&nhat Co 20.000.000 Bank of Yorktown. 1.000.000 18** New Brunsw TrCo— Common Preferred 471.273 North A West Hu dson— IstNat Bk of Un City d 289,283 Amalg Bank of N Y 19~~ 50 _ 20 2.096.887 1,186,121 4,426,719 6,660,056 503.751 150.000 Bank of New York- 8 102%- are Oct. 2, 1939 of Dec. 28, 1939. Sur phis and j. rofits are of 1939 for State banks, di tidend record Oct. 2. for National and in Neio Yc rk City and Broo klyn m ay be of banks and trust companies 208 207, found in our "Ra ilway" Sec Hon, pages 203,204,205 206, 2% 58 54 3 2** 100 300 15 N New York City— Deposits N 122,837 k 60 100 441,631 3 884.000 60 r20 171,565 479.463 200 000 2 A 25 25 250.000 8 Farm 12,746.614 '242,500 Co 50 Banking Oo National State Bank _ 392,458 4:% 55 100 200.000 Trust 50 3,070,896 1,571,247 47,310 390,393 14,741 150.000 600.000 Franklin Waoh Tr Oo Mt Prospect Nat Bk. Nat Newark A Essex Paterson Sav Inst Prospect Pk Nat Bk 5,300,000 9,084,002 500.000 15 Nat Un Bk of America 131,300 544,303 26 4% 16 250,000 _ Bank of Kingston Rondout Nat Bank. State of N Y Nat Bk 13 Pa tenon Nat Bank.. Second Nat Bank 20 The First Nat BankNat Ohautauq Oo Bk 100 ...... 11,428,702 15,472,950 125 15 10 24 10 <32 t 2,003,084 1,152,517 Kingston— First NBk of Rondout Nat'l Ulster County 10 50 25 Paterson— First National Bk— Common.. Preferred Haledon Nat Bank.. 7% 150 25 100 State Trust Oo 8% 10 500.000 650,000 Debentures "A"__ Debentures "B"__ 5 1,434,729 9,831,478 7,114,237 1.251.452 .. 10 Bank of Jamestown— a 7,369,838 6,480,269 1,629,289 8,747,805 25,346 810,845 76 J* 1650 Jameatown— 35 r 380,628 53 71** 100 1610 Union First National Bank. National Iron Bank, d American Trust Co.. d 45 50 100 800,000 800.000 Tompkins Co Tr Co. "~5 . ... Preferred A 100 100 55,354,856 j,2,942,855 200.000 Ithaca— First National Bank. 4% ) 25 1,195.609 76,238,622 784,048 100 100 33>» 166,119 2,225.573 7.977,575 97,617.972 7,677.178 165,331,369 2,200.000 2,500.000 __ Debentures "6" "I" Jersey City— Bergen Trust Co Commercial Tr N J 550.000 75 50 Liberty Bk of Buffalo 3 357,300 1,250,000 J 1.600.000 ' 97,100 100,000 3,400.000 c3,250,959 22,094 100,000 1 1939 2. Buffalo— 15 Hoboken— Seaboard Trust Oo 500.000 2 353.498 d 8.200.000 5 17.176,408 805,858 <21,114,345 500.000 875,000 - 3,736,466 4,290,973 12,457.224 <2 3,854.300 3,530,364 3,594,000 4,192,500 9,788,600 6.343,800 6,708,530 125,387,421 6.510,700 54,000,500 500 000 Lafayette Nat Bank. People's Nat Bank. Brooklyn Trust Co L! 177.800 102,809 81.000 380.900 248,500 363,600 225.000 Kings Co Trust Oo__ 18.407.181 Elizabeth— . 200.000 Klngsboro Nat Bank Common Preferred . "5% 5 National Bensonhurst Nat Bk d . 1250 50 t Nat'l Bank A Trust Co d 42,406 222,500 Camden Trust Co... <22.734,750 cl ,265,547 Common Preferred Ask Nomt nal Includes Oct. 2, security stock, 1939. d Common and preferred stock or capital debentures outstanding. e March 29, 1939. h Preference B stock. i National Banks Oct. 2 NEW YORK State Institutions Oct Controlled k Dec. 2 by Marine Midland Corp. 1938. 31, I Last sale. Nomi nal. Albany— Mech & Farmers Bk. Nat Com Bk & Tr Co Per 250,000 1,500,000 2,000,000 State Bankof Albany First Trusr Company d1.970.000 1.461,764 5,722,480 4,003,491 603.059 3.263,870 63,265.008 70,871,214 24.625,740 100 share. 650 100 440 450 100 259 270 so 20 25 i939. \ n June 30. o Stockholders of the Manufacturers Trust Co. of New York to vote an of incorporation on Jan. 10, 1940, reducing amendment to the certificate the authorized capital stock from $50,935,000 to $48,955,860 through the elimination of 44,074 shares of convertible preference unissued common stock from its authorized capital, r Preferred stock retirement price. and 54,883 shares of BAMS 108 National Banks NEW YORK Oct. 2 Capital Rochester— Surplus & Profits AND State Institutions Oct. 2 National Banks Par Bid Ask Nomi nal. Per share. | ,241,368 77.877,734 20 50 31 50 34 53 Central Trust Co— 400.000 Id 244,840 750.000 Capital notes 533,785 Genesee Vail Tr Oo__ s2.160.000 d Roch Trust & S D Co 1.000.000 d3,090.784 Security Trust Co— Common 300.000 200.000 Capital notes Common Jd2522 925 — 17.669.595 10 16,519,976 32,560,783 25 8* 31,679.705 j100 Common 3,000.000 u,139,713 44,680,505 1.000.000 750 0 n National Banks share. Per 100 N 100 o 100 re cent 25 sa les n Institutions State OHIO Oct. 2 Oct. 2 Nomi nal. Per share. AkronCommon | <30 5.902,270 420.453 497,174 1,438.883 7,660,623 7,411.700 15.386.731 100 934,747 482,724 23,194.480 10,367.362 20 e4.691.844 dl ,169,079 48,205,980 Preferred Union National Bank 400.000 300,000 750.000 Citizens Trust Co— Schenectady Tr Co.. Syracuse— Lincoln Nat B & TOo Merch Nat BATCo First Trust & Dep Co Common 10 1.200.000 750.000 010 1,000.000 1.400.000 Capital notes Troy— Manufactur Nat Bk. National City Bank. Jl.153,088 o cent les 100 200,000 200.000 / Common 100 947.585 15,860,289 I 226,780 1,189,142 204,068 784.605 2.485,873 18,770,044 3,997,176 11,100,644 1.373,399 250.343 152,358 7.220.536 9,869,136 2,906,588 1,547,395 86,621,060 100 221,830 5,466,057 10,887,003 2,288,040 3,377,084 46,955,869 18,196,281 7,944,665 100 95 102 100 225 240 50 50 60 Canton 100 200 Dime Savings Bank. First National Bank 300,000 985.000 445.825 625.000 » 36 First Tr & Sav Bk.. i 20 31 21 24 Geo. D. Harter Bank i 6 3 6 11°. N re 9 13 Cincinnati Nat Bank 400.000 200.000 188.350 Atlas Oinn Bk 8c Tr Co— Columbia Bk A SOo First National Bank. 1 ! i 6,000.000 60 145 100 50 100 100 272 85 10 8 10 100 146 150 278 95 Nerwood-Hyde Park el .400.000 1,672,515 e 600.000 600.000 e 295,500 898,462 142,997 188,452 Bank... Troy Trust Co 30,544,142 5 100 sa Capital debentures Syracuse Trust Co.. Common 100 27,324,496 4,501,368 Firestone Pk Tr&S B 10 I 16,619,241 1,358,006 110,688 485,000 1,050,000 100,000 Goodyear State Bk— 339,355 200.000 I 253.590 d 201,378 200,000 — Capital notes First-Central Tr. Co. Common 21,110,258 i 25 25 12,872,444 6,327.055 16* 50 3,854.549 e 600.000 d 25 Lincoln Nat 'Bank.. 4 Narthside Bk & Tr Co e 500.000 1,356,928 222.000 d 188,498 10 People's Bk & 8v Co e Bk & Tr Co. 550.000 Prov 8 Bk & Tr Co. 31,703,511 1,800.000 Second Nat Bank— 1.000.000 Se Ohio S Bk & Tr Co Utica— 500,000 100 357,066 3,425,903 1,050,421 d 644,120 d '329,699 [ro;9og;889 2,377.649 73,996,095 10 '"27" 1.000.000 990,000 (1,877.340 600.000 160,000 | 630,686 m 29" 145 100 10 130 100 79 83 5,000.000 13,932,223 111,373,885 1100 89 93 Capital debentures .45 100 Common First Citizens Bk & T Preferred Oneida Nat Bk & Tr 1.800,000 100 220 260 137,116,590 ( 20 i 16 7 Western Bk & Tr Go ■«2v000.00ft Common Preferred 10,652,663 / 20 I 25 Jefferson Co Nat Bk 99,217 400.000 Water town Nat Bk— Common.. 210.000 Preferred 106.600 y 163,630 35 4,198,547 I N \ 40 Amer Sav's Bank Co o re 600,000 Id 504,057 200.000 ... 10,479,998 cent sa Capital notes les 5,000,000 7.680.000 Preferred J (25 Westchester Co— 199,580 203,427 3,441,695 4,312,298 9 175 14 100 600.000 267,500 Mt. Vernon Tr Co— e3.000.000 688,668 12,217,605 3.087,779 6,637,896 100 95 100 10 22 13,800.000 16,026,297 365,010,070 100 81 86 Capital notes 13.492 000 05,000.000 100 64 32 el ,600,000 88,000 353,299 67,016 538,026 2,299,400 4,711,290 1,405,343 15,000,165 100 12 70 18 10 32,336.868 100 1,663,933 2,577,399 100 100 60,223.625 3,814,739 100 1,610,768 100 77,763,504 6 20 20 22 200.000 350.000 218,728 130,172 1,997,487 2,747.183 Bank. National City Bank. North Amer Bk Co 120 140,191 648,835 20 477.000 9.000.000 e 190.000 0 The Bank of CleVe.. 100,000 100 IX Union Bk of Comm. 3,004,528 900.000 a 368,109 Union Sav & L Co 115,000 300.000 646.000 s First NatPmk Huguenot Tr Co.. e 1 20 * 20 29 ol* 32 1,600.000 1,904,572 156,411 100,000 d 200.00( d 152,614 Huntington Nat Bk. e3.000.000 2,638,424 241,128 Market Exch Bk Co. 200.000 d CityiNat Bk & Tr Co Columbus Saving Bk 10 1 3 18 22 Fifth Ave Sav Bk Co b 50 70 Northern*Sav Bk 20 100 103,298 100.000 d 64.000.000 3.473.607 Ohio National Bk Peekskill NB&TCo Common 170,000 30,000 15,152 1,943,612 502,602 4,588,833 28,582,744 2,984,981 50 10 44,539 300.000 d 408,388 Mutual Trust Co. 58,311 76,906 176,250 336,167 7,520,917 14,881,346 "25 6 10 2,564,584 12 X 2 6 ' 1,500.000 813,805 37.330,451 775.000 3 6 Toledo— Commerce-Guard Bk 10 1 3 8pitzer-K T & S Bk 17,876,064 2,597,266 13,189,172 99,494.913 Common 698,037 1.250.000 I 1.500.000 Capital notes 586,968 Mahoning Nat Bank 01,586.000 Union Nat Bank. 1.250.000 2,419,073 17,020,368 92.000 k Bank "25 7,849,214 25 8 3 5 Toledo Trust Co.... 50 8 12 1,996,517 100 60 65 7,594,521 100 9 14 25 25 30 200,000 150,000 680,000 199,592 5.350,940 County Trust Co 1,084,366 15,281,564 20 23" "28 Yankers— Central Nat Bank 350,000 678,264 6,953,895 25 22 1 25 Ctfs 50 20 "31* 19 23 5.000.000 34 50 50 55 100 10 9 120 130' Beneficial of 23 25 5 C-2 6 City Tr & Sav Bk 891,754 8,757,059 10 68,883 8,306,904 20 | 20 | 188,446 750.000 1,212,500 Common 300,000 d 600,000 Ownership Trust Fund 25 First National Bank in Yonkars 1,000.000 300.000 0 Xouugstown— Oallar Sav & Tr Co— r ... Iz ( 50 14,042,877 19,808,996 3,178,339 1,773,979 White Plains— Peoples N B & T Co: Common 92 331 177,981 200.000 "29" \ 60 885,179 361,027 847,657 2,914,933 13,717 102,964 99,543 451,933 190,000 97 {100 Preferred 15 5,874,695 2,811,984 70 Winters N B & Tr Co Ohio Citizens Tr Co. Rye— Rye National Bank.. Rye Trust Co Tarrytown N B&TrCo 185" 175 62 (100 719,302 Third NB&Tr Co- Pleasantville— e 200.000 235.000 800.000 Common Preferred Common Preferred Westches Co Nat: Common Preferred 29 100 Dayton— Merch N B & T Co— 50 50 100,000 500,000 - Mt Pleas Bk& Tr Co Port Chester—1st N_ Bk& Tr Co "27" Columbus— 20 Peekskill— Preferred 70 60 ClevelandfTrust Co 1 New RocheUe— Ossining— First Nat & Tr Co... Ossining Trust Co— 8X 024 "40" Common Lorain Street 200,000 350.000 \l,272,382 100 Equity Sav & L*n Co Tr Co Bronxville Tr Co Mount Vernon— First National Bank. Fleetwood Bk (The). 5,078,068 2,259,184 603,013 a 765,910 7,195,268 137,317 5,358,747 4,915,375 177,907,606 56,613 724,187 d 89.683 1,277,634 250.000 400,000 Clev 8av 8c Loan Co Bronxville— 423,758 300.000 d e Central Nat Bank Common Gramatan Nat Bk & New RocheUe Tr— 15g_ 6 Cleveland— Northern N Y Tr Co Central Nat Bank. 155 Co— Fifth-Third-Union Tr ust 20 5,169,841 5.000.000 Central Trust Co—_ Water town- Common $ 2,480,802 1.848,100 7.045,556 3,951,378 950 Mohawk Nat Bank— Citizens 175.000 50,000 500,000 150.000 Bank- prices Dime Savings Bk Co Capital notes..... Schenectady— Nat $ 168,920 127,243 189,409 213.613 $ Nat Fargo National Bk First Nat Bk & Tr Co Merch Nat Bk&TrOo "c&X 82 72 Union Trust Co: Union Ask Bid Par iox 6* Gross Deposits Nom. 10 20 Surplus & Profits Capital Dakota 2.800.000 2,000,000 Common 4% Conv.Preferred NORTH DAKOTA 2 Oct d Lincoln-Allia Bk&Tr COMPANIES Oross Deposits $ S TRUST Capital notes Yonkers Nat Bank & Trust Co— 400,000 Ic 400,000 Common..... Preferred National Banks Oct. 2 oklahoma Institutions State June 30 Nomi nal. Guthrie— Per 100,000 75.000 206,629 106,000 2,530,435 1,392,000 Nat Bk of McAlester 100,000 First Nat Bk of McA 100.000 267,462 314,559 3,027,295 3,073.797 184,441 538,081 436,152 3,175,185 3,809,851 5,528,183 First National Bank. m,ion.. Bank, First State Bank McAlester— north CAROLINA share. 100 100 N o 25 re cent 100 sa les Muskogee— Nomi nai. Asheville— Per First Nat Bk & Tr— Charlotte— Commercial Nat Bk. Union Nat Bank Nat 500,000 520,271 300.000 615,861 1,200.000 /2,900,741 Bank. J Fidelity Bank Depositors Nat'l Bk. 3 150.000 d 53,438 500.000 /l,162,968 3 200,000 300,000 / 100,000 214.000 Durham Bk & Tr Co Some Savings Bank Mech & Farmers Bk- 4,128,495 20 share Commercial Nat Bk. First Nat Bk 8c Tr Co 20 180,310 457,940 109,042 69,357 12,739,827 7,458,123 74,417,584 1,357,176 15,040,791 1,879,542 6,200,427 2,050,378 979,235 100 x20S 100 x260 100 x290 100 25 55 72 20 19 100 25 25 Oklahoma Nat Bank. Tradesmen's Nat Bk 100.000 500.000 Stock Yards Bank— 50,000 330,394 4,100,425 308,590 1,084,810 53,193 511,469 19,382 2,000.000 3,170,041 80 21* 5.000.000 Fidelity Nat Bank.. 0 450,000 Liberty Nat Bank.. el,200.000 100 125 150 6,265,304 57,582,710 6,865.641 21,267.094 1,563,410 17,103,355 1,103,646 100 10 150 200 50 50 7ft 100 210 100 100 175 100 150 100 100 125 54.604,700 20 29 31 6,692,965 f I 4,926,625 20 30 67,570,981 f 10 150 200,000 800,000 Security Nat Bank— 255,207 397,774 4,781.397 14.035,015 *40"" 25 45"" 27 X 10 10 25 27* 125 200 Tulsa— First Nat Bk & Tr Co Fourth Nat Bank— Common- Guilford Nat Bank— Preferred 15 16 Raleigh— Nat Bk of Cora'erce. 0 125.000 175.000 350,000 j 330,032 80,813 20 20 20 Nat Bank of Tulsa— First Citizens Bk&Tr 780,000 1,526,189 18,912,464 25 70 75 168,000 300.000 159,783 738,528 2,852,214 6,588,706 25 30 35 400,000 324.960 100.000 se l/l 392,330 Common Preferred Wilmington— People's Sav Bk & Tr Co West Tulsa State Bk e 10 30 35 18,181,304 f 100 250 275 Preferred Nat Bk of Wilson... c 1160 235,253 2,636,559 0160 25 Winston-Salem— First National Bank. Wachevia Bk &T«*— a e f 101,913 e4,275.000 /3,139,919 3,545,628 95,727,630 10 100 140 30 20 359,058 100 no' t Toledo banks on a price range basis, Sept. 28, 1938. d June 30, 1939. Common and preferred stock or debentures outstanding. Controlled oy Member First 0 Retirement price, Marine Bank Midland h In liquidation, Corp. Stock Corp. The Yonkers National Bank & Trust Co. k March 29, 1939. s Branch of Smithfield, N O. of Yonkers, N. Y., reorgan¬ ized Dec. 13, 1939. New bank's title changed to Yonkers National Bank & Trust Co.; capital, $700,000 preferred and $150,000 common. o 135 27 Dec. 31, 1938. / Oct. 2, 1939. n 200.000 2.500.000 13.211,282 1.000,000 25.000 16,422 5 Member of the BancOhlo Corp. Wilson— Branch Bkg 8c Tr Co Common 200,000 City Nat'l Bk&Tr Co First Nat Bk 8c Tr Co 295 Oreensboro— Wilm 8av & Ti 125 100 100 125 100 Oklahoma City— American Trust Co.. Durham— Citizens* 205,517 200,000 100,000 300,000 400,000 Citizens National Bk jan., 1940] bams National Banks OREGON Oct. 2 Institutions State Clonal Bant, Per $ 200,000 . First National Bank- 421,127 100 100 4,600.000 165 60 175 70 20 5,985,481 111,310,502 492.539 4,892,405 6,077,688 130,533,446 37 (Concluded.) 300.000 1 75,000 Preferred Mellon Nat Bank 39 Nomi nal. Allentown— Second Nat share. Per 1,998,470 2,168,111 1,389,386 938,185 1,000,000 1,000,000 Bank. 450,000 Lehigh Vail Trust Co 500.000 Altoona— First Nat Bank— Common Preferred 318,-215 150,000 ... 14,168,350 9,250,817 5,848,382 7.176,265 38 41^ 10 20 23 100 6,542,709 140 25 90 105 100 12 14 98 loo" 453,234 4,350,848 278,551 2,734,654 100 1,249,595 13,879,348 763,992 7,708,705 4,298,940 10 300,000 157,585 728,241 55,519 283,204 299,331 300,000 331,502 14,508.380 10 200,000 ,160,000 Lawrence Park N Bk 50,000 Marine Nat Bank Nat Bk A Trust Co.. ,273,000 100 100 66*3 16 Preferred Union Bank t 729,100 (The).. d 50 50 "857964 200,000 1,550,961 tmm-Mi-mr*T5r a 50 50 Harrisburg— Allison-East End Tr. 396.510 300,000 300,000 400,000 125.000 400,000 Oapital Bk A Tr Co. Harrisburg Nat Bank Central Trust Co Citizens Trust Co Dauphin Dep Tr Co. Harrisburg Trust Co 400.000 Market St Trust Co. 151,292 464,163 847,761 916,698 35,838 ,341.756 ,469.051 30,786 225,000 Lancaster— Conestoga Nat Bk__ Fulton Nat Bank Lancaster Co Nat Bk Farmers' BkATr Co 400,000 600,000 600.000 10 5,067,943 7,286,667 4,732,986 1,116,003 14,477,242 10 12H 25 80 50 50 68 9 10 37 68 41 25 1,318,763 50 14 16" 11,059.342 11,360,752 9,120,982 20 (55 20 (47 50 (102 6,586,205 ( 10 I 10 256,313 1,814,320 10 Common 141,625 1 100,000 200.000 700,000 200,000 60,849,081 9.945,000 10 60 Corn Exch Nat Bank A Trust Co 4,550,000 10,010,993 120.921.317 Erie National Bank. d 450.000 142.823 4,670,284 First National Bank. 3,111,000 6,715,770 Glmbel Bros Bk A Tr 200.000 Kensington Nat Bk. dl,129,766 Market St Nat Bk.. 1,000,000 NatBkofGer ATrCo 400,000 Nat'l Bk of Olney— Common 341,328 4,676.491 2,274,939 North Broad"Natl Bk Northeast Nat Bank 85,754 20 60 100 102.823,293 2,994,403 9,294.527 39,237.609 14,566,503 2,230,115 90.197 n 105,000 I 95,000 250,000 200,000 PfhfAlTAH 50 "l5 500.000 — Preferred Preferred Tioga Nat Bk A TrOo d Tradesmen 'sN atlonal Bank A Trust Co. Wyoming Bk A Tr.. Broad Street Trust.Chestnut Hill T A Tr Citizens A So B A Tr FIdelity-Phila Tr Co Finance Co of Pa Frankford Trust Co. German town Tr Oo. Glrard Trust Co Industrial Trust Co Integrity Trust Co— 4,181,148 60 200,000 85,000 400.336 144,903 85,676 f 3,750.000 tg 5643948 7,350.000 Liberty Title A Tr Go 1,000,000 gl ,250,659 Mitten Bk A Tr Co 1,500,000 g 655,890 Ninth Bank A Tr Co d2.210.000 g 573,617 Northern Trust Co.. 500.000 3,257,988 Nor Phila Trust Co. 500.000 gl ,346,856 . Real Est Tr Co Sonsltaly Bk A Tr Co Pittsburgh— Allegheny Valley Bk. 200,000 100.000 200,000 Arsenal Bank.. Bank o Ohio Valley. Braddock Nat Bank. Dollar Savings Bank Farmers Deposit Nat First National Bank. Farmers Deposit Tr. Fidelity Trust Co... Manchester Savings Bank A Trust Co. 20 50 . Forbefl National Bk. Fourteenth St Bank. Bank I JjH 70* 15 a25 13 106"" 109 25 10 Iron A Glass Dol Sav 100 3?2n 50 128 15 '"SO" "36" 75 "93" 88 59 "loo" 150" 82 25 20 30 X Tr Co Union National Bank Berks Co Trust Co. City Bank A Tr CoReading Trust Co.. ScrantonE Scranton State Bk First National Bank. 1,000.000 Preferred A South Side Bk A Tr. Third Nat BAT Co- West Side Bank Penna Trust Co— Common 701,654 7,446,875 2D837i810 4.174,543 17,415,738, L8OB.0OO (01,451,377 300.000 363,014 1.170.300 2,383,760 200.000 Green Ridge Bank North Scrant Bk A Tr Providence Bank d Scranton Nat Bk— Common 204,776 5,740,738 5 31K 5 100 100 85 70 6255" 100 5900 100 102 10 5 50 30 50 75 10 * 5 10 — *- 100 * 5X 7- 11M 10 *JX 25 25 18 24 50 16 64 68 22 24 39 326,680 52,753 .1,388,712 60.349,002 1.508,149 3,242,754 978,485 182,716 2,853,265 60 75 35 761,562 895,272 554,119 4.050.000 200.000 300,000 300.000 4,917,813 16,826,990 3,100,541 25 25 25 "4l" 170,002 2,000,869 100,228 200.000 75.000 400,000 1,000,000 250.000 150,000 182.375 . 28 26 50 10 45" 42 43 56 60 25 1X 25 Wilkes-Barre— First National BaDk Hanover National Bk d Miners Nat Bank Second Nat Bank.. W-B Dep A Sav Bk Wyoming Nat Bank 750,000 1,490,657 136,569 5,510,791 2,529,442 607,595 689,507 9,275,678 1,438,101 23,911,672 15,550,855 4,283,197 7,771,650 224,491 410,532 2,567,478 5,177,342 5,452,091 205,452 2,463,505 365,248 36,889 673,747 200,000 2,500,000 1.000,000 500.000 500.000 3,292,579 100 130 40 50 45 140 50 100 82 225 25 <17 250 18 50 50 53 10 20 10 19 85 Willlamsport— First National Bank Willlamsport N Bk. West Branch Bk A Tr 250,000 250.000 225.000 g 376,254 York- Cent Nat Bk A Tr Co Common Preferred Orov 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 Oo. Guardlan Trust Co— 250.000 190.000 150.000 100.000 500.000 125.000 225.000 300.000 741.894 8,291.071 1.764,179 5,445.019 208,201 528,069 943.457 5,149,648 571.642 500.000 g 739.015 nnn gl ,374,107 5,149,648 4.408,210 8.264,428 500.000 10 30 20 (106 10 100 10 10 100 20 25 20 X 70 65 15 ill 55 35 16 17 193 57 25 53 X HH 10 15V2 16X 8 10 12 100 100 234" 244" 100 134 138 10 39 42 10 17 X 193 613 10 58 H 10 34,978,595 3H 5 i 11.246.467 50 6,893,719 20,236,911 12.526,505 7,692,247 50 3,110,491 1.352,084 776,395 11,201,791 55,684,263 ' 440,317 579,850 5,435.874 9,304,215 alO 10 100 50 10 100 100 50 10 50 2X ~28X 23 3X 3 ix 26 7 5H 515 530 86 90 30^ 294 23 X 4H 50 100 % 100 100 100 25 106,496 50 50 20 4,222.720 100 105 300.000 Common 500.000 1.160.163 109.250 90.750 Preferred High St Bk A Tr Co Mechanics Nat Bank 350.000 150.000 850.000 Preferred Rhode I Hos Nat Bk. Rhode Isld Hos TrOo Union Trust Co 4,821,960 25 78 73,734 1,979,753 no 8 234,518 1,718,007 50 | 220.747 4,973,361 J 25 \25 854.010 8,190, 921 3.935, 729 14.048, 256 116.606, 468 1,743, 202 60 50 J 450.000 925,023 .500.000 2.415.411 .000.000 10.581.092 125.000 n 199,358 500.000 3,037,949 .000.000 nl2252677 .000.000 1.387.555 Woonsocket— Woonsocket Trust Co d 442.500 o25 150 120.000 NatBank of OomATr Phenix Nat Bank... Providence Nat Bank Industrial Trust Co. Lincoln Trust Co 32 100 Providence— Blackstone Can Nat. Columbus Nat Bank: 385.000 250,000 800.000 Union Savings Bank. 150,000 * n 153.678 alO 126' 15 20 "70" 120 100 295 310 100 180 33 190 25 59,042. 630 *100 41.821, 313 1000 2250" 24.850, 486 100 135 3.457.130 83 11 10 100 2450 (100 Preferred Nomi nal. Per share. 237,123 251,446 202,585 52,003 100 5.623,285 3,552,589 plOO 9.914.100 /100 100 1,350.864 Sale price. a 170 stock retirement price. A A mutual savings bank. d Common and preferred stock e 65 1,634,272 60 Northw'tSecurNatBk d 95 5 200,000 200.000 / 25 125 585.122 3,294,627 Sioux Falls— First Nat'l Bk A Tr. d Nat Bk of So Dak 175 50 10 6,361.757 71.111 491,230 6 100 170 160 322,775 26^ 2 881,482 1,232.974 2,427,463 75,597 406.860 Newport Trust Co.. 400.000 1 185.000 120,000 304" 25 10 . 33^ 40 50 3.290.363 481,305 Preferred Common........ 5 io 101,272 949,591 Common Newport Nat Bank. X 5 30,356,916 r Nomi nal. Per share. Aquldneck Nat Bank 18 6. 561,225 15 '126" 130" 6.000.000 11,364,855 97.133,922 Potter Title A Tr Co d 875.000 413,828 7.359,721 Provident Trust Co. 277.355 150.000 2,009,555 South Hills Trust Co 125,000 (7388,798 1,779,470 Union Trust Co 1.500.000 (798579 058 266,223,161 Washington Tr Co.. 500.000 1,366,760 6,358,479 West End Bank 200.000 190,445 1,777,095 William Penn Tr Co. d 175.000 125,500 2.100,000 Worklngman's Savgs Bank A Trust Co 1.114,711 400,000 9,819,324 250,000 Newport— 123 984.774 172.700 399,409 a25~" 70 5J4 200.000 100,000 125.000 12 50 Yorlr Trnst Co c or Dec. 1,1939. debentures outstanding, Dec. 31.1938. / Member of Northwest Bancorporatlon. <7 Oct. 2, 1939. 5~ t at Pittsburgh 50 '*12" 2,445,571 3,545,034 / 20 1 30 25 c5,412,435 300.000 500,000 307.250 1,960,095 r 25 I 25 1,693,970 40 11,899,617 50 1.061,707 50 1.305.000 50 36,145,903 100 35,605.627 100 3,852,251 50 6,146,263 100 29,914.416 100 21,083,511 100 2.706,893 50 202,273 100 26,192,058 25 1.320.000 1,181;269 2.000.000 10.982,666 2,695,315 6.000.000 11.046,115 98,843.511 6.000.000 6,945.294 110,650,227 First Nat Bank A Tr Co of East Pitts Freehold Bank.... Hazelwood Bk (The) 230,946 268,311 500.000 ) 67K 25 7,785.302 8.400.000 1717208 308 257,415,056 750,000 1,109,706 666,250 3.200.000 (712366 165 53',299,978 1.500.000 (72,345,873 11.166,146 300.000 309,973 3,607.085 125,000 40.584 997,993 Provident Trust... 25 3 10 Common Security Bk A Tr Co 5X 10 1,164.331 Preferred Penn Co for Insur on Lives A Grant Ann Penn W'h'gA 8 D Ot 318 58 10 242,205 a 10 995,973 2.000,000 3,000,000 preferred.... 2d preferred Land Title Bk ATOo 28^ 10 10 3,300,000 4,804,056 48,364,698 d 300,000 91,869 2,783.486 400,000 482,902 2,065,316 250,000 89,892 1,574,642 125,000 17,157 597,164 6,700,000 1715811 508 119,993,206 2,320,000 7,289.856 1,244,840 500,000 1.680,211 11,780,574 1,400,000 2,216.167 20,575,599 4.000,000 10,215,527 104,856.936 dl,132,250 1,047.789 11.360,565 Common 22J4 364 "25H 53 2,196,324 654,343 36 H 33 308 222.772 50 100 48 45 30 354 10 650,000 South Phil a Nat BkCommon 33X 19X 100 302,000 t 153,513 3,505,036 197,000 Philadelphia Nat Bk 14.000,000 J7.795.304 508.658,257 Roosevelt Bank..... d 264,818 e 121,967 2,355,000 Second Nat Bank— Bank 1,500.000 Preferred 100 . Northw'n Nat Bk— Common Preferred Hill Top Oom'wealth Truat Co Dormont SAT Co. ... 7,283,604 286,000 67,437 173,674 740,538 85,060 147,497 4,094,010 (75,946,357 471,773 868,199 (72,118,301 (72,538,465 122,783 Polithania State Bk. Sheraden Bank 50.000 Union National Bank 2,000.000 Union Savings Bank. 1,000. OOP Western SAD Bank d 492,500 Allegheny Trust Co. 700.000 Colonial Trust Co d3.672.900 14H \ Central-Penn Nat Bk 3,040,000 City National Bank. dl.100,700 Homewood 14 12,814.959 Philadelphia— 1st 14 922,284 1,114,470 779,023 300.000 88,820 300.000 g Preferred Northern Bk & Tr Co Common. '7 4 3,087,824 Jff 470,597 Common 50 50 . Reading— Security-Peoples TrOommon 4.427,156 ( People's-Pittsburgh ErieBank of Erie First National Bank. 296,804 7.500,000 38,444,758 353,980,831 Mat Bank of America mm 10 250.000 263,390 249,300 Preferred Central Trust Co 105 100 100 290,000 Altoona Trust Co— Common 155 100 Ask Nomi nal. Per share. Preferred Nor 8ide Deposit Bk Pitt National Bank. Allentown Nat Bank Merchants Nat'l Bk. Bid Par Keystone Nat Bk— Portland— 3.000.000 300.000 Deposits Pittsburgh share. 100 8,482,089 Cross Profits Capital Common First National BankPortland Tr A Sav Bk United States Nat Bk State Institutions Oct. 2 Surplus St Ask Bid Par Deposits Nomi nal. Eugene— 109 PENNSYLVANIA Oct. 2 Qross Surplus & Profits Capital trust companies and 50 Mar. 29. 1939 k Stock all owned by Rhode Island Hospital Trust Co. I Last sale. n June 30, 1939. o New stock, p Affiliate of the First Bank Stock Corp. N re o cent salles AND TRUST COMPANIES BANKS 110 NalUmalBank, National Banks g0UTH CAROLINA "jKo"™ Gross Surplus & Profits Capital Pa^ Deposits June 30 Gross Surplus & Profits Capital Ask V Bid State Institutions TEXAS Oct. 2 Ask Bid Par Deposits Nomi nal. Nomi nal. Charleston— Citizens A Sou Bank 700.000 a 656,298 303,831 43,982 d 200,000 50,000 Carolina Sav Bank.. Miners A Merch Bk. South Caro Nat Bk— Per 20,925,737 0100 6,377,030 100 100 464,071 Jl,183,866 200.000 35,000 167,629 262,384 5,236,320 1,388,468 250,000 200.000 589,749 572,604 6,492.139 4,995,106 105 69,071 3,194,952 11K 10^ 20 200,000 Preferred. 17 H 125 120 100 38.347,427 1100 1100 1,100.000 1.100,000 Common share. 10K $ % % . 20 Columbia— First Nat Bk of Ooi. Lower Main St Bank 10 Peoples Nat Bank— Spartanburg— Com'l Nat Bank OK OH 25 Greenville— First National Bank. 100 Common 360.000 Preferred 110.000 <1.000,000 30 10 60 31 TENNESSEE ( 137,953 2,285,260 4.173,257 100 100 185 395.048 4,218,614 100 t 250,000 338,202 675.000 100.000 Common 139,025 70,434 531.050 8,995,734 11,396.222 886,738 c Citizens' Nat Bank.. First National Bank. National City Bank 97,321 Per share. 100 190 200 | 452,507 10,350.422 /100 150 155 <2.700,000 1,629,150 44,939,653 50,000 200,000 62,285 134,075 1,626,120 636,011 1,587,016 100 3,040,746 6.25 24,878,924 100 11,666,150 100 2,278,677 51,850,082 33,631,331 1,882,285 100 285 2.190.356 .94,207 100 270 210 5,195,483 74,290,974 10 1100 100 "l37" 142"" Knoxville— Bank of Knoxville— Uomm'l Bk A Tr Co. < HamiltonNationalBk < 900,000 1.000.000 Park National Bank. Memphis— 1,200,000 First National Bank1,000.000 Nat Bk of Commerce 50,000 State Savings BankUnion Planters* Nat 1 3.500,000 Bank & Trust Co. 1 Nashville— 100 50 100 190 Institutions State UTAH Oct. 2 Pet Commercial Sec Bk First Securf 1 y Bk NA Salt Lake City— ^ont) Nat BtftTr C<> First Security Corp. of Ogden First National Bank CTtah State Nat Bank Zion's Sav Bk A Tr Utah Sav A; Trust Co Walker Bk A Tr Co: < < 500.000 i 10 245 Common. 6,678.413 19,335,338 — 950.000 406,729 12,665,775 100 3,110,380 976,829 831,615 1.193.845 264,489 60,587,308 17,432,163 15,190,215 14,514.520 3,599.734 < < 750.00U 750.000 1,000.000 300.000 878.686 27,476,867 1.500,000 I 200,000 295 285 National Banks Oct. 2 230 27 H -— 17 22 195 210 100 100 172 H 180 185 192 100 130 140 100 119 125 Institutions June 30 - Nomi nal. Broadway Nat Bank Commerce-Union Bk Nashville Trust CoCommon Preferred Third National Bank Per Barre— 662.402 518,956 100 100 429,682 6,659,275 6,853,303 916,466 3.350,374 407.500 67,629 2,675,127 100 150,000 172.800 100.000 614,951 203,845 113,179 224,333 *2,318,548 20 1,319,267 100 150,000 100,000 305,486 137.553 2,889,050 1,146,797 100 N o re cent 100.000 132.403 3,161,711 1100 sa fes 168,044 2,132,932 200.000 lewardNatBkATrOo 600.000 150.000 20 22 9,703,729 flOO \100 & 110 Merchants Nat Bank 1,509,033 100 250 260 Burlington Trust Co 27,505,396 3,608,580 2,807,6 5 1,958,594 210,000 J 940,152 500.000 1,133.300 1,000.000 share. 100 500,209 283,050 168.454 < People's Nat Bank.. JJuarry 8 Bk A Tr Co BurlingtonChittenden Co Trust < Cranlte S B A Tr Co 57,058,786 f 10 1100 20 5,540.871 10 21,296,313 3.000,000 11,497,750 3,250,000 634,466 300,000 1.000,000 1,116,846 75 21 100 Stale VERMONT 68 10 h 28 16 100 * Preferred 1 hare. 100 162,602 1,387.422 900,000 Capital notes..... 100 • 2,468,770 . 150 140 9 238 American Nat Bank Common 200 87 80 78 Nomi nal. 13,740,715 Preferred 50 June 30 375.000 275.000 Hamilton Nat Bank. elOO 200 100.000 400,000 National Bank ofFort Sam Houston dan Antonio Nat Bk Beuth Texas Nat Bk- 100 Institutions State 625,000 dl ,350,907 Common 102 250 100 25 Nomi nai. Chattanooga— Bkg Oo_. Uommercial Nat Bk: J100 26,904 658 Ogden— Amer Tr & 96 1,038.840 National Banks Oct. 2 National Bankt Oct. 2 5,681,631 300.000 Nat Bank ol Comm. Uff 58 M share Per % San Antonio (Con cl.) $ Groos Nat Bank— 204.500 491.500 82.714 <1,085.961 Montpelier— Capital S B A Tr Co i 100 "75 100 100 0 40 cent 100 les Flret National Bank: National Banks TEXAS Oct. 2 State Institutions Common Oct. 2 Nomina I.. Per Austin- 800.000 Austin Nat Bank— t Capital Nat BankCapital stock Preferred stock 523,078 570.750 American Nat Bank. 696,951 125.000 75.000 173,653 share 100 Common 3,515,086 fl00 elOO 1100 First National Becur St 400,000 400,000 200.000 Bank. Bank. Bk A Trust t 10,799,162 13,549,334 2,348,203 100 N 100 rec 100 sa 25,414,431 6,482.979 132,358,340 63,518 2,007,516 6,363,504 250,640 20 627,743 931,499 n 103,529 1.000.000 First National ttank. a.ooo.ouo 50.000 Hillcrest State Bank. 943,416 x 20 < 10 1100 252 500 100 National Banks les State VIRGINIA 2 Institutions June 30 45" 44 47^ 48 H Nomi nal. Per share. 100 20 30 ent Oct. Bank- 25 o I tla.llfk.a-M>— Dallas Nat UOO 125.000 Preferred Rutland Trust Co— Beaumont— American Nat 3,017,095 1100 Rutland— ClementNat Bank— KUllngton Nat Bank Rutland Go Nat Bk: 100 14,138,911 18,603,177 — Preferred Montpelier Nat Bank Montp'r 8 B A Tr Co < "49" "Bi" Common — Preferred Republic Nat Bank.. Nat Bank of Comm. Oak Cliff Bk & Tr Co: 1.200.000 800.000 4,000.000 1,210,742 36,889,477 I 20 4,357,478 160,000 411,362 82,748,593 7,021,093 200,000 49,300 Common Capital notes Texas Bank & Tr Co: | 113,433 Capital notes 100,835 2,851,090 20 100 I 20 2,643,260 I 20 "Iih ~52K 215 60 100 121,800 300,000 89,903 91,004 469,806 258.983 670,272 3,133,976 100 250,000 2.500,000 1,500,000 475.026 997,456 1,113,609 100 240 250 100 119 120 150.000 89,324 3,499,593 34,933,740 18,893,885 2,076,696 200,000 276,000 d 191,737 99,720 3,076,289 2,747,700 500.000 250.000 445,000 188,568 91,163 221,935 6,209,603 1.287,458 2,891,159 600,000 dl,027.664 20 39 1,127,257 9,944,455 22,669,8 *5 20 32 66,095 802,526 10 3,568,265 130.672 73,143,966 2,144,259 20 49 20 27 30 17^ 18H Co People's Nat Bank.. Depositors Industrial < 35 Merch A Planters Bk Nat Bk of Commerce 506,419 1,161,027 17,803,844 37,999,123 60 70 72 1,500.000 [2,715,433 600,000 Preferred.. 15,420 : 9,532 Fraternal Bk & Tr Co 220,000 i 87,500 Onion Bank A Tr Co < 47.959,904 100 1500 20 42 H 45 i 20 48 50 [ 20 Citizens Nat Bank. 100 AmTr < American Nat Bank. < Co.. Merch A Farmers Bk < ilo 130" Bank of Oomm A Tr Central National Bk. 1,000,000 80.000 k Consol Bk A Tr Co.. 200,000 200,000 423,752 404,739 15,592,592 4,775,984 100 100 N o re cent 760.000 500.000 386,063 829,824 10,964,921 11,993,340 100 sa les First A Mer Nat Bk. Hutchlngs-Sealy National Bank U S National Bank- 50 Bank. i 250,000 304,318 100 180 [ 20 42 [ 20 6,513,200 City National Bank: 500,000 100.000 Preferred— |, 436,187 16.464,243 Preferred.. 3.000.000 1,600.000 |1,938,224 56,492,229 J100 I 5 I 8 1355 6H 25 36^ 37H 10 12 13 10 10 10H 10 10 N 50 o 100 re cent 100 sa les 42 34 '5l" BkA Tr: 1,250,000 ldl376 003 Preferred 1,600,000 403,573 Sav Bank A Tr Co.. 200.000 233,203 200.000 southern Bk A Tr Co 808,882 Virginia Trust Co... <1,000.000 ... First Nat Exch Bank Mountain Trust Hfe. 185 Uoo 200.000 State-Plant Common Roanoke— Colo nial-A mer Nat B First Nat Bank— Common....... 3.000,000 Mech A Mer Bank.. Houston— Common 5 Richmond— Galveston— City National Bank. First National Bank. 1130 Z1521! PortsmouthCitizens. Trust 10 390,249 1,181,291 100.000 Petersburg— Petersb Sav A — 1155 Norfolk— 750,000 1.500,000 500.000 438,008 1.000.000 1,777,340 800.000 d 357,618 58,735,599 /ll'i 100 3,775,834 4,676,985 6,404,783 5.959,165 27,585,601 5,435,539 ...... 25 15 26 50 "30" 74 75 235 95 50 100 100 el 00 Bk— o Houston Nat Common Preferred Second Nat'i Bank— of Comm. State National Bank Onion National Bank South Texas Com¬ mercial Nat Bank. Nat Bank 632,500 I 354,562 367,500 1.000,000 1,802,089 <2,500,000 4,708,758 < 800.000 489,022 1.000.000 1,452,937 1.600.000 2,138,805 200,000 k 232,219 Fidelity Trust Co600.000 Guardian Trust Co.. 1,039,097 Houston Land A Tr. <1,400,000 572,578 San Jacinto Nat Bk356.000 Common.. .— 294,000 Preferred — — J 116,535 15,011,909 J100 90 100 100,000 Merchants Nat'i Bk. San Antonio— 200.000 576,888 344.083 100 100 100 100 49,855,371 91,310 7,681,275 5,857.858 100 287 350 170 230 310 100 100 80 7,737,670 /100 1100 92 Preferred -----Bexar Co Nat Bank. Common Preferred Frost National Bank J 885,024 200,000 I 138,136 85.000 1.200.000 1,406,053 325 Peoples N B of Wash. '85" 96 625 Per Sumitomo B of Seattle 8,000.000 2,500,000 2 500,000 1,500,000 200.000 Seattle Tr A 8avs Bk by Central Securities Co. with exception of directors' Member of First National Corp. b Member of First Security Corp. n 100 Texa^fall held qualifyfnglihares. , Sept. 28, 1938. Preferred stock retirement price, c 2, 1939. e Bancorporation. Represents quotation for First Security Corp. of Odgen, Utah, class A stock. 42 1 50 38,535.156 39 f Member of Marine 158 1100 60 400.000 550.000 share. 38 6,823,040 171,357,215 3,845,099 82,626,234 1,492,857 25,733,534 836.176 29,343,549 124,919 2,160,331 206.066 5,731.841 8,158,171 548,483 a 100 2,952.798 I Oct. 2 t Stock of South Texas National Bank of San Antonio, 100 19,251,004 rioo Institutions SeattleSeattle—First Nat Bk Nat Bk of Commerce Pacific Nat Bank— d Oct. 500,000 851.000 State Nomi nal. 240 University Nat Bank 6.001.440 4,019,253 WASHINGTON 375 155" 100 Oct. 2 295"" Alamo National Bk: Common. National Banks 125 31,806,623 49,228,547 9,979.567 35,206.685 Port ArthurFirst National Bank. . 4,594,646 4,718,097 Trust 32H 100 Citizens State 495,013 406,709 A Lomu Bank 11,494,798 21,141.677 Common 600,000 500.000 National Bank. Lynchburg Nat Bank OomlTr ASavs Bk: Lynchburg Tr A 8 B. 543,392 1,627,089 National Bank Fort Worth— Continental Nat Bk. Pirst National Bank: Ft Worth Nat Bank: 100 41 300,000 300.000 etate 8,483,799 First 39 XI Paso— fll Paso Nat Bank— 475,464 Seaboard Citz N Bk. 1100 125,000 I 50,000 Common 43 42 1.000.000 Southn Bk of Norfolk 250,000 Liberty State Bank: Mercantile Nat Bk— *205" 50 e50 230 < Common and preferred stock 0 n o r outstanding. k March 29, 1939. Affiliated with the Citizens' A Southern National Bank of Atlanta, Ga. June 30, 1939. 1 Controlled by the Joseph F. Meyer Interests, Member Peoples Corp. • BANKS AND Jan., 1940] *a,iona,Ban*, Spokane— Old N a share. Per 100 6,696.038 178,484 500.000 45 40 B A Un T Co. Common 750.000 750,000 J 634.495 764,392 8,839,873 Tacoma— Nat Bank of Wash.. al .400.000 Paget Sound Nat Bk a 740.000 991,770 274.519 21,943,800 7.202,357 Preferred- Washington Trust Co 1.15 24.807.580 1100 11.05 200.000 ------ 100 100 25 Per 21,327.943 I 25 i 40 6,755,772 100 22,902,602 100 Preferred KanawhaBkg&Tr Co 450.000 1.000.000 200.000 600,000 439,444 1,406,770 122,762 305,959 1,000.000 O122.000 1,359,300 40.000 17,985,600 1,100,000 _ 600.000 Huntington— First Huntg Nat Bk Twentieth St Bank.. 3,628,075 1,159.168 s Milwaukee (Concl. ) TeutoniaAveStateBk West Side Bank Wisconsin State Bk First Wise Trust Oo. S 466,700 400.000 d 300,000 d 1.000.000 6 m'X!tnk' 18 150.000 A Trust Oo : J 80,585 706,078 672,652 148,955 791.550 N 2,890,679 cent 4es 20 Returns are National ttanks 65 NOVA SCOTIA 20 112 123 100 300 25 100 100 100 100 25 130" Gross Surplus A Profits Capital Par Deposits Bid Halifax- 100 ONTARIO Nom inal. Per State Bk of La Orosae Milwaukee— 100.000 Amer State Bank... 20 4,782,658 100 1.171,513 6,533,829 0100 2,686,075 100 20 151,180 165.405 2,651.946 3.652,343 20 25 30 7,600,000 16,866.957 228,392,436 I 1 7.500,000 2,400,385 o350.000 167,850 Kilbourn State Bk.. a 22,487 1,674,894 150.000 Common...... Preferred Home Savings Bank. t ... Lincoln State Bank: Common Income debentures 100.000 1 b 300,000 2,200.000 Marine Nat Exch Bk 62,525 2.508,850 (Concluded from Dec. 1 page .1948 1956 1955 (Dominion) 4s._ 94% 1941 Brazil 8s Colombia 6s__._ 19% 73% 98 M 97 M 1960 Oct. 1961 32 1942 76 6s 1945 67 M Helsingfors 6%s_ Italy (Kingdom) 7s Japanese Govt. 6%s 1960 60 Denmark 6s Finland m mmm. mm m 20 20 67 M mm 18 20 40 42 20 20 22 20 100 20 30 20 5 6% 93 Dec. 22 94% 9 Dec. 80% 1 101% 98% Dec. 16% Dec. 15 19% 96% Dec. 12 101% 30 Dec. 23 34% 76 8 62% Dec. 4 32 Dec. 67% 24 Dec. 26 60% 9 65% Dec. 70% 69 Dec. Dec. 1 Dec. 29 Dec. 1 1 Dec. 29 Norway 4%s 1965 77 Peru 6s 1960 9 61% Dec. 8% Dec. Atch Topd: S Fe gen 4s 1995 Bait & Ohio RR conv 4%s__1960 106% Bethlehem Steel 3 Mb debs...1952 106% 43% 1967 Bklyn-Manhat Transit 4%s.l966 Com'wealth Edison deb 3 Ms. 1958 Delaware & Hudson 4s Dec. 6 70% Bond sales Doro estlc Foreign government 1 Dec. 21 1967 ser G.1946 Interboro Rapid Transit 5s_.1966 Internat Tel & Tel deb 5s... 1955 Manhattan Ry consol 4s__..1990 Mo-Kan-Texas 5s series A.-.1962 15% Dec. 21 1 Dec. 8 79 79 Dec. 1 123 123 Dec. 1 63 14% 101% 72% 46% 76% Dec. ' 1 59% Dec. 27 1 14% Deo. 1 100% Dec. 1 72% Dec. 38% Dec. 13 1 76% Dec. 18% Dec. 30 107% 44% 85% 12*% 64% 17% 112% 75% 47% 79% 20% Dec. 14 Dec. 8 7 Dec. 30 Dec. 43 79 VOLUME 94% 44% Dec. 26 50 Dec. Dec. 12 61 Dec. 29 Dec. 20 15 Dec. 13 Dec. Dec. 13 106 Dec. 20 103% Dec. 1 8 Foreign governm ent United States Govt F Total bond sales.... 17,773,413 $ 146,192,000 25,586,000 4,322,000 Dec. 7 95% 48% 61 14% THE STOCK EXCHANGE 1938 27,492,069 $ 185,528,000 25,546,000 6,535,000 1937 28,422,380 $ 162,209,000 25,054,000 10,736,000 1936 * 48,600,177 $ 282,033,000 50,468,000 23,378,000 176,100,000 217,609,000 197,999,000 355,879,000 262,029,599 297,466,722 409,464,570 496,046,869 Jan. 1 to Dec. 31— Stock sales—No* of shares Bond sales (par value)— $ $ $ $ United States Govt 1,479,987,000 1,483,922,000 2,097,109,000 2,899,372,000 346,778,000 248,577,000 254,964,000 358,615,000 127,366,000 248,644,000 311,132,000 318,887,000 Total bond sales 2,046,083,000 1,859,865,000 2.792,531.000 3,576,874,000 Railroad and miscell Foreign government- — 31.546,000 62,039,000 134,843,049 - — 546,000 58,091,000 2,583,000 1,365,000 $ S ' S $ 432,689,000 4,596,000 7,212,000 352,989,000 7,432,000 6,563,000 419,861,000 12,664,000 9,836,000 790,556,000 19,202,000 13,292,000 444,497,000 366,984,000 442,361,000 823,050,000 DECEMBER in the first half of the period, and the holiday demands for currency, the mid-month date, and to a rise in Treasury deposits in the resulting from factor was a new issue of Treasury bonds. the moderate reduction in Govern¬ security holdings by the Federal Reserve banks, while an important offsetting influence for holding excess funds at current huge levels. The usual reflux of currency after the holiday season as well as Treasury disbursements, and new gold accessions, are anticipated to result in a further recovery in the excess reserve position early in the new year, although the belief is held in some quarters that continued hoarding of United States curency by foreigners as well as a certain trend on the part of the public to use currency in place of checks because of the extension of service charges on checking accounts and elimination of interest paid on deposits, may counteract the effect of these seasonal influences, in some measure. Excess member bank reserves declined from $5,140,000,000 Nov. 29 to $4,850,000,000 Dec. 13, but on Dec. 27 bad recovered to $5,050,000,000. Treasury financing, announced Dec. 12, included a refunding operation involving the refinancing of $1,378,364,200 of notes maturing March, 1940, and resulting in the exchange of $1,018,176,100 of these notes for 1951-53 2\i% bonds, and of $283,006,000 for 1944 1% notes leaving but $77,000,000 for redemption next year. Other Treasury an 103 103 58% 13% 105% 102% S 104,178,804 891,000 ment 106 59% 13% 105% 14,695,352 49,640,238 A contributing 108% 49 1939 Bond sales (par value)— Railroad and miscell.— 19% Dec. 30 108% Dec. 30 82 $ 45,729,888 Reserve banks 18 OF BUSINESS ON Month of December— Stock sales—No. of shares 1 5,840,699 29,830,000 1,211,000 505,000 tax collection 18% 18% Dec. 12 95% Dec. 29 Shell Union Oil 2%s._ 1954 Southern Pacific Co g 4Mb..1969 Southern Ry 4s 1956 1960 1948 1944 1 6,164,437 35,966,000 excess reserves customary 54% 57% 19% 15% Dec. 27 1 94% Dec. 17 U S Steel Corp 3%s debs Utah Power & Light 5s 19 17 1 81 1953 Third Ave adj income 5s Dec. 106% Dec. 78% Dec. Dec. 2 78% 1936 subsequent recovery in the position, notably during the fourth week of the month. The early loss in reserves was due to the 74"" 1 Deo. 29 4 100 Dec. 13 99% Dec. Dec. 30 50% Dec. 27 55 53% Dec. 12 57% Dec. 30 106% ber bank 7 Dec. 53% 54% 17% 1960 1937 last month of the year were the further sharp decline in mem¬ 62% 17% Dec. 13 99% N Y N H & Hartford 6s.....1948 Penn Power & Light 3%s_-.1969 190 Outstanding developments in the money market during the 18 128 Dec. N Y Central 1978 1938 THE MONEY MARKET DURING Dec. 30 Montana Pow 1st & ref 4%s_1966 2013 186 42% Dec. 30 16% Dec. 27 Portland Gen Elee 4%s Postal Tel & Cable 5s - - Foreign corporate 107% 44% 85% 20 RR4%s A N Y Chic & St L 4Mb C 100 ~9% 64% Dec. 26 8 108% Dec. 27 1 104% Deo. 16 106% Dec. 105% Dec. 100 34,529,000 (par value)— 79 52% 1 43 1943 Erie RR 5s Great Northern RR 4s 16% 210 ... Jan. 1 to Dec. 31— Stock sales—No. of shares Total bond sales 42 100 30,525,000 Total bond sales Railroad and Industrial Bonds 60% Dec. 107% Dec. cent. 209 159 EXCHANGE $ § -.— 40 Dec. Dec. 29 38% Dec. 28 Per I 100 100 31 Dec. 42 4,407,908 Foreign government— Foreign corporate 67 53 9% 18% 101% 1 80 Boston & Maine 5s 208 29,165,000 525,000 835,000 Domestic 15 1 77 Bond sales (par value)— Dec. 15 7 78% Dec. Dec. 7 1939 Month of December— Stock sales—No. of shares Dec. 29 Dec. 60% 108% OF BUSINESS ON THE CURB 94 2 Dec. 26 78 1961 203% 210 100 Price 46 Amer Tel & Tel 3%s '168 100' Dec. 30 Closing Highest 78 Allegheny Corp 5sstamped.. 1950 166 t Wisconsin Bankshares Oorp. no par stock, ft Common and preferred stock debentures outstanding. b Sept. 28. 1938. c June 30, 1939. d Oct. 2, 1939. e Member of the Northwest Bancorporatlon. i Member First National Oorp. s Trust funds. t All stock held by Old National Corp. VOLUME 49% Amer & For Power deb 5s...2030 1001 QUEBEC 18) Lowest 8,000,000 141,613,518 Montreal— Bank of Montreal... 36,000.000 39,000,0001811,492,987 Banque Oanadlenne. 7.000,000 5,000.0001133,844,913 750,000 19,904,578 1,500,000 Barclays Bk (Canada) Provincial Bk of Oan 4,000,000 1,000.000 47,498,052 Royal Bk of Panada 35,000.000 20,000,000 791,301,526 20 1951 1954 1952 Milan 6%s Per .cent. *254 100- les 16 Opening Argentine Nation 4%s.. Australia 4%s Belgium 7s 9,000,000 127,665,204 re cent 100 - 7.000.000 Imperial Bank of Oan o sa Range During December 1939 Price Canada 37,679.766 48,206,427 2.417,683 2,803,887 1,878,531 2,090,192 25 N --- 1,186,346 Marshall A Ilsley Bk a2,940.000 d1,999,959 Mitchell St State Bk. a 27,554 696.000 a Northern Bank 150.000 49,733 Park Savings Bank.. a 539,500 84,232 64,293 State Bank of MUw. a 650.000 Foreign Bonds 6,000,000 40 309,900 d a Bank of Toronto Oan Bank of Comm. 30.000.000 20.000.000 590,150,338 Dominion Bank 7.000,000 7.000,000 125,941,865 27 100 200.000 d City Bank A Tr Co.. First WIscNat'lBk— share 335.996 78,566 281,371 168,416 500.000 175,000 400.000 a 311 309 ——Jmur30 La Crosso— Batavlan Nat Bank. cent. .162—1475- Toronto- Exchange State Bank Nat Bk of La Crosse. Ask Per S S 1 Bank of Nova 8cotla 12,000,000 24,000,000 265.237,568 State Institutions WISCONSIN Oct. 2 100 100 all of Oct. 31.1939. Prices are per cent, not 100 100 308.685 299,579 260,000 300.000 21 50 22,499,427 1.800.000 .... 5,849,399 8,689,418 38 34 Canadian Bank Statements o sa 100 1.957.710 5,251,817 5,911,070 1,145,591 5,294,243 ; 20 100 20 100 share. re 100 1,142,198 300.000 Security Trust Co.. Wheeling Dollar Says 92,375 449.605 500.000 500.000 100.000 Say Bank Nat Bank of W Va__ Nat Exchange Bank. Bo Side Bk & Tr Oo. J 2,227,526 4,793,957 4,809.093 4,501,913 WYOMING WheelingCenter Wheeling Sav Half Dollar Trust A $ % 62,102 892,791 340,527 647,612 Ask Per share. American Nat Bank. Stock Growers N Bk. Norm nal. Kanawha Valley Bk. Nat Bank of Comm. Centra) Trust Oo. Bid Nomi nal. Per share. 9 7 152 200 Cheyenne— Charleston— 1.062.500 11,279,943 Par Deposits 150 130 17 100 r" WEST VIRGINIA5"" Charleston Nat Bk: Common Gross Surplus & Profits Capital Institutions June 30 Nomi nal. S $ State WISCONSIN v Ask Bid Par Deposits ■ % Oct. 2 Gross Surplus A Profits 111 COMPANIES National Banks WASHINGTON sme 2X2* Capital First Nat Bk in Spok TEUST accelerated inward movement of gold formed MONTHLY REVIEW 112 financing was limited to the usual four weekly issues of $100,000,000 of 91-day bills to replace similar maturities. Gold imports during the first three weeks of December totaled $361,000,000, of which amount $286,000,000 came from Canada, $21,400,000 from Holland, $9,400,000 from Sweden, $7,200,000 from England, $6,300,000 from South Africa, $5,900,000 from Japan, $5,600,000 from Italy, $4,000,000 from Norway, and $3,400,000 from Switzerland. Offsetting the large increase in gold arrivals was a rise of about $205,000,000 in the amount of gold held under earmark for foreign account, with the result that the total gold stock of the country increased approximately $285,000,000 to a new peak of about $17,640,000,000. Discount holdings of the 12 Reserve banks increased slightly from $8,026,000 Nov. 29 to $8,051,000 Dec. 27. Total member bank reserves fell from $11,619,749,000 Nov. 29 to $11,287,608,000 Dec. 13, but subsequently, recovered to $11,493,118,000 Dec. 27. Unaffected by the temporary drop in excess reserves, prices of gilt-edge securities showed further enhancement, with a corresponding decline in average yields on short-term Treasury notes from 0.60% Nov. 30 to 0.47% Dec. 2£, on longer-term Treasury bonds from 2.38% to 2.30%, and on 91-day Treasury bids from 0.015% to 0.007%. The rate for call loans on the Stock Exchange continued at the pre¬ vious 1% level. CALL LOAN NEW YORK STOCK EXCHANGE ON THE RATES LOW Renewal High Low Dec. High Renewal 1 1 1 Dec. 18.. 1 Dec. 19.. 1 1 1 1 1 Dec. 20.. 1 1 1 1 1 Dec. 21.. 1 1 l 1... 2 Dee. Dec. Saturday Sunday — Dec. 3 Dec. 4. 1 Dec. 5 1 ~ 17.. i "npf» 9,0. Dec. 7 1 1 1 Dec. 23. Dec. 8 1 1 1 Dec. 24 Dec. Dec. i 1 ..V.TT.WJt. 9 Dec. 11 Dec. 1 4.—- -—i* 12... — \ • ances as countries-;-"- Dec. 26.. 1 1 1 Dec. 27. 1 1 1 1 1 1 Dec. 28.. 1 1 1 29.. 1 1 13... 1 1 1 Dec. 14... 1 1 1 Dec. ,30.. 1 1 1 Dec. Dec. 16 Call Loans Dec. Saturday 31.. Secured by 30 Days 60 Days 90 Days 120 Days 150 Days 180 Days Accept'ces Bid dk Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & As. 1 Sunday Xa7it security collateral remained at the figures of 134% for 90-day loans and 1 3^% for loans 180 days. In view of the continued lull-in security activities, little incentive for seeking new loans and transactions concerned, in the main, the re¬ on newal of older accommodations. Xa7\t Xa7u mmmmm 5 6 mmmmm 7 mmmmm' Xaht Xaht Xaht Xa7it Xaht Xah* 8 Xa71< Xa7 it Xa7 is Xaht Xa7 it 10 Xaht Ho7» Xa7i« Xa7it Xa7\t mm* mm mmrnmm mmmmm mm mm m mmmmm Xa7it 1... Dec. Dec. 3 Dec. 4... Dec. 5— Dec. 6 Dec. 7... IX 2 Dec. IX 1H 6 Months IX IX IX IX 8 IX IX IX < 9it(iX h tax Xaht Xaht ' Xa7it Xaht h tax Xa'it Xaht IX IX IX 9... Dec. 12— ®i taX Xa9it Xa9it Xa9it Xaht Xaht Xaht Xaht Xaht Xaht Xaht IX Dec. 14 IX Dec. 15— IX IX IX IX IX IX IX IX 29— Dec. 21— Dec. 22 IX IX IX RETURNS OF IX IX IX IX IX IX IX IX position IX IX IX IX IX . Dec. 25... Dec. 29... IX IX IX IX JX IX IX IX IX IX IX IX IX IX Dec. 30 of dealers showed Xa7 it Saturday Sunday htaX Xa9it Xaht Xaht . Xaht Xaht RESERVE BANKS- LOANS IN NEW brought were YORK bear to the continued CITY on the banking gold, influx of operations of the United States Treasury, the temporary fall in member bank reserves, a reduc¬ Federal Reserve Bank holdings of Government from commercial paper total of $214,400,000 of open market com¬ outstanding on Nov. 30, compared with $205,300,000 Oct. 31 and $206,000,000 at the end of Novem¬ ber, 1938. a paper RATES FOR MONEY AT NEW YORK 16 Dec. the policy market, the Treasury bonds up $72,750,000, Treasury notes down $100,000,000, and Treasury bills off $35,425,000. The Reserve banks their only able were in retirement a the from week ended the Treasury Nov. bill 29 to complete market. With few interruptions since last June, the Reserve banks had been permitting their Treasury bills to mature without replacement, and when their last $35,425,000 of these obli¬ gations ran off in the last week of November it marked the first had not time in had a just nine years that the Reserve banks Treasury bill in their portfolio. It was in December, 1929, that the Treasury first began to issue discount bills and always, up to December, 1939, the regional banks Dec. investments had had some quantity of Treasury bills in their investments. Week Ended— Dec. 9 rise in the Government bond a reporting member banks. of the Federal Reserve banks in the Government securities portfolio of the regional banks showed a net decrease of $62,675,000, with change in the prevailing range of ^ to 1 % for average grade prime 4 to 6-month paper occurred, it was noted that the major part of sales was transacted at the lower rate. Under date of Dec. 15, the Federal Reserve Bank of New York received the open Commercial paper continued in scant supply, in the face of active demand on the part of bank investors. While no returns Xa9 le December in was a As for Sun day that h taX influences securities and Satur day Dec. 31 announced Xa9it Xaht Xaht tion in the IX IX IX IX •I taX policy of the Federal Reserve banks, and the holiday demand for currency. The net effect of these fac¬ tors IX IX IX IX IX IX h taX Xa7it open market Holi day Dec. 28 main the financing Satur day Sun day Dec. 27... h taX 9uaX Xa7it THE FEDERAL BROKERS' IX IX IX IX Dec. 23 Dec. 26 9i taX Xa7it Xaht Xa7it m IX IX IX Dec. 24 mercial mmmm The IX IX IX IX IX IX ix Dec. 20... 8i taX Xaht Xa7 le 31 Sun day Dec. 17— Dec. 19___ Xa7n Xa7it Xa11« mmmmm Satur day IX Xa9u IX Dec. 16 Dec. 18— Xa7 is Xa7ui Xah, Xa7 it Xaht Xaht Xaht Xa7it Hfl'u mmmmm IX IX IX IX IX #i6 aX IX IX •i tax Saturday Sunday Holiday 26 IX IX IX IX IX IX IX mmmmm Xaht 30 IX IX IX IX Dec. 13— mmmmm ' 28— Sun day Dec. 11— mmmmm 27 IX IX IX Dec. 10... mmmmm Xaht Xa7it Xa7 it Xa7it Xaht 24— 25 IX IX IX IX IX ' IX Satur day Dec. 19— 20 22 Sun day IX IX IX IX Xaht Xa7it Xa7 it Xa7it Xaiit 23— IX IX IX IX IX IX 1M IX IX Xaht Xa'it Xaht Xaht Saturday Sunday mmmmm 21 IX Satur day Xaht Xa9it Xaht Xa9it Xaht Xa7it Xa7 it 17 18 5 Months 4 Months 90 Days Xa9 x« Sunday 11— 12 16— 60 Days Xaht %a9it Xaht Xaht Xa9it Saturday 15 Rates on Mixed Collateral Xa9 it htaX 9itaX htaX h tax »i tax Xa7u Xa7 is 9 13 OF TIME LOAN RATES Xa9it Sunday 14 DAILY RECORD 30 Days HtaX Saturday 4 Time loan rates Xa7it Xa7it 2 3 Saturday — Dec. —: —— ACCEPTANCES 1 . 15... running trading existed, :■ ■—— PRIME BANKERS' 1 Dec. nominal follows: "Trading activity in the bill market during December continued to be of small proportions. Bankers' bills were outstanding at the end of November in slightly large amount than a month ealier, reflecting further increases in the volume of import bills and domestic warehouse credit bills. The increase of $18,000,000 during October' and November raised the volume of import bills outstanding to the highest level since February, 1938. A decrease of $50,000,000 from November, 1938 in the total volume of outstanding bills has been due chiefly to reductions in exportJbills and in those based on goods stored in or shipped between foreign Sunday Holiday 1 Dec. Dec. • Nov. 30, 1938. Import bills increased further from $84,840,000 Oct. 31 to $95,649,000 Nov. 30, domestic warehouse credits from $35,400,000 to $39,641,000, while export bills decreased from $40,219,000 to $37,373,000, dollar exchange from $17,734,000 to $15,541,000, and bills based on goods stored in or shipped between foreign countries from $31,950,000 to $23,736,000. Bills held by accepting banks totaled $171,672,000, namely, $103,101,000 own bills and $68,571,000 bills of others. Rates for bankers' acceptances remained at J^% bid and 7-16% asked for 30-day, 60-day and 90-day bills, at 9-16% bid and 3^% asked for 120-day bills, and at %% bid and 9-16% asked for bills running 150 and 180 days. The New York Federal Reserve Bank in its "Monthly Review" discussed conditions in bankers' accept¬ Saturday . __ Dec. 25.. Saturday Sunday 1 1 10— Dec. Sunday Trading in bankers' acceptances continued quiet as avail¬ supplies remained far short of the demand. Total outstanding acceptances, according to the monthly survey of the accpetance Analysis unit of the Federal Reserve Bank of New York, published Dec. 14, were $222,599,000 Nov. 30, compared with $221,116,000 Oct. 31 and $273,327,000 able bill 23 Dec. 30 The Treasury bond holdings of the Reserve banks in¬ $72,750,000 in the four weeks from Nov. 29 to 27, but this increase should not be taken to mean creased Call loans on Stock Exchange: Dec. 1@1 1@1 1@1 1©1 1 1 1 1 IX IX IX Range for week (mixed & Indus, collateral) Week's aver, (mixed & Indus, collateral) IX IX Time loans (mixed & Indus, collateral): Thirty days Sixty days Ninety days— - — Four months — « .. IX IX Five months IX Six months Dur¬ IX IX IX IX IX IX IX IX IX of their holdings of Treasury notes IX IX IX the rising too fast. They acquired bonds only through exchange due March 15, 1940, for 214% bonds offered by the Treasury on Dec. 11. maturity distribution schedule of the Reserve banks' holdings of Government securities indicated that they had new The Prime 4 to 6 months bonds in the open market. ing most of the month the Reserve banks were selling small amounts of their bonds in an effort to keep prices from IX IX IX IX Commercial paper: Double and single names: Good 4 to 6 months that they were acquiring ... X@1 X@l X@l x@l X@l X@l X@1 X@l $161,705,000 of the March notes. As their note holdings Jan., 1940] declined MONTHLY REVIEW $100,000,000 March their in net peared that the Reserve the banks four-week period, it ap¬ $100,000,000 of exchanged for notes the new bonds and $61,705,000 for by the Treasury on Dec. 11. As for the influx of gold, the banking statistics showed the notes offered new that the gold stock increased $273,000,000 in the weeks ended Dec. 27 to a new high at $17,620,000,000. fact that the Treasury deposited only $207,673,000 four The more gold certificates with the Reserve banks when it was acquir¬ ing this $273,000,000 of gold was largely responsible for the $5S,000,000 expansion in Treasury cash. The holiday demand for currency caused circulation to rise to a record new high, exceeding even that of the banking holiday in March, 1933, on Dec. 20 at $7,679,000,000. For the four weeks to Dec. 27 the net rise in currency was $201,000,000. These withdrawals of currency from the banks were mainly responsible for the $126,631,000 decrease in member banks On bank declined Dec. 13 Excess reserves. $90,000,000 net to excess reserves total a were of reserves of reduced all member $5,050,000,000. to the $2,850,- 000,000 level. Reflecting primarily the tax collections on Dec. 15 and the sale of $521,346,850 of new 2% bonds for cash during the month, the Treasury's deposit balance in the Reserve banks increased $205,065,000 in the four weeks to a total of $646,014,000. Federal Reserve credit in use declined $37,000,000, while non-member deposits and other Federal Reserve counted for member total of accounts declined banks $8,051,000. $84,000,000. increased Reflecting Bills dis¬ only $25,000 net to a the Treasury's reimburse¬ in purchasing silver, Treasury 'currency increased $16,000,000. ment of itself for sums expended After-- rising-tcr a new record 'Tiigli' of $9,228,000,000 on loans and investments of the reporting New York City banks tapered off in the last two weeks of the month Dec. 13, and amounted decline in panded of to the $8,840,000,000 Dec. 27, representing a $158,000,000. Loans ex¬ because, as hereinafter noted, on four-week period of $37,000,000, largely the demand for security loans. Loans to commerce, in¬ dustry and agriculture decreased $15,000,000 to a total of $1,689,000,000. On the investment side, the reporting New York City banks showed decreases of $200,000,000 in Treas¬ ury bills, $124,000,000 in Treasury notes, and $34,000,000 in other ury securities, and increases of $146,000,000 in Treas¬ bonds and $17,000,000 in Government-guaranteed issues. The decline in Treasury notes resulted largely from the exchange of March notes for new 2%% bonds, while the rise in Treasury bonds reflected subscriptions to the 2% bonds offered for casb and change for the March the notes. 2%% bonds offered Demand of the in ex¬ deposits—adjusted reporting New York banks decreased $138,000,000. Loans and investments of the weekly 101 cities, in the four weeks from Nov. 22 $373,000,000 to a total of to Dec. 20, $23,465,000,000, in¬ with loans rising $315,000,000 and investments up $58,000,000. Loans to commerce, industry and agriculture increased $18,000,000, and open market paper was up $7,000,000. Loans to brokers and dealers in securities were up $232,000,000 to a total of $852,000,000. The weekly reporting banks showed de¬ creases of $78,000,000 in ury Treasury bills, $56,000,000 in Treas¬ notes, and $1,000,000 in Government-guaranteed securi¬ ties, and increases of $170,000,000 in Treasury bonds and $23,000,000 in other securities. Demand deposits—adjusted increased $5,000,000, and domestic bank and foreign bank deposits increased $48,000,000 and $35,000,000, respectively. Reporting New York City bank loans to brokers and deal¬ ers in securities—the $32,000,000 net to a so-called brokers' loans-r-increased total of $551,000,000 in the four weeks Reflecting almost entirely Government security to Dec. 27. dealer operations in the market, these loans increased to a total of $666,000,000 on Dec. 20, but then declined $115,000,000 in the last week of the month as dealers made delivery of the new Treasury securities and repaid a good part of their newly incurred indebtedness. Street loans, as compiled by the New York Stock Exchange, increased $20,417,225 during December to $594,288,938 from $573,871,683. Dec. 31, 1938, these loans outstanding aggregated $717,084,329. On COURSE OF STERLING EXCHANGE DURING DECEMBER During December sterling was unchanged in all essential respects from the tone of the market in October and Novem¬ ber. The market was extremely quiet in New York, but in the half second foreign currencies The steadiness conclusion of a of the month sterling and the leading relatively firm. were and closer firmer undertone Anglo-French resulted from the fiscal accord, which on Dec. 12. Closer joint economic action between the two countries was formulated toward the end of November, but until Dec. 12 such cooperation seemed to be directed entirely toward the purchase of materials. The accord concluded on Dec. 12 applies particularly to foreign exchange and fiscal transactions, and is to remain effective until six months after the termination of the war. The new agreement fixed the London check rate on Paris became effective I at 176.50 francs to the pound. This change was more real, as that was the average rate of ex¬ change prevailing between London and Paris during the preceding months. apparent The than Bank rates for the of England throughout December fixed the leading foreign currencies as follows, all un¬ changed from November: New York cables $4.02-$4.04, Paris checks 176-177, Amsterdam 7.52-7.58, Canada 4.43-47. Berlin was not quoted. Italian lire were unofficially quoted on different occasions at 76.50-77.50. London change maintained market for the official one-month rates in delivery the forward follows. as ex¬ New York %% premium to par as compared with the spot rate, Paris parity with the spot rate for both buyers-and sellers, Amsterdam 1% Dutch cents premium to parity, to par to 4 centimes discount, Brussels centimes Zurich -3 premium par. • In the New York free market, counts prevailed with however, much wider dis¬ respect to sterling. of the month New York quoted In the first half 90-day forward transac¬ tions in the pound frequently at discounts of from 6%c. to 7%c. below the spot rate, the widest discounts for sterling on record. favor of basic the As the month London cable in war business to for rate 90 the the rate narrowed in 5% 'to 5 3/16 points under the days. September it in advanced from As since the beginning of almost impossible to transact market. was forward The range for sterling in the New York free market was from $3.88% to $3.91% during the week ended Dec. 9 for bankers' sight, and between $3.89% and $3.92% for cable The cable rate had been as low as $3.89 on During the week ended Dec. 16 the range was from $3.89% to $3.95% for bankers' sight, and from $3.90% to $3.95% for cable transfers. In the second half of the transfers. Dec. 1. month the range was between $3.93% and $3.96 for bankers'sight, and~"betWeen~$3.93% and $3,M%_lor-cable--tgarnsfers. '"""THfoughour the" month it was evident that the flow of money was directed toward New York. the United States The gold stocks of Treasury increased during the month by about $285,000,000 to a new high record of approximately $17^640,000,000. The total increase during 1939 was ap¬ proximately $3,130,000,000. Nothing could better illustrate the world-wide increase in demoralization the United of States foreign gold trade stocks. than The this United States the ness and export balances played an extremely small part in accumulation, which resulted entirely from the eager¬ of foreign interests to establish dollar balances here to escape the dangers of Most of the war. leading countries increased their gold under earmark with the Federal Reserve Bank of New York. amount of gold so held, which reached a The peak of $1,300,000,000 last July and declined to about $960,000,000 at the end of November, rose during December to approximately $1,165,000,000. Aside from reporting banks in creased 113 the desire of foreign financial authorities to gold and acquire balances here, the gold-producing countries shipped in order to take advantage of the Amer¬ ican price and market for the metal. Not less than 20 dif¬ earmark ferent countries were shippers of gold. Among the pro¬ ducing countries the Union of South Africa, Australia, NewZealand and Canada were outstanding, while the leading banks central were represented Canada, The Netherlands, Norway. The invasion added to merce and the of by the United Kingdom, Switzerland, Sweden, Italy and Finland by Soviet Russia on Nov. general demoralization of international so to the 30 com¬ complications in the foreign exchange situation. The outstanding event in the foreign exchange market undoubtedly the Anglo-French fiscal agreement of was Dec. 12. Under the terms of the agreement the two coun¬ tries stabilized their currencies at the rate of 176.50 francs to the pound until six months after the signing of a peace treaty. The currencies of each ally are to be freely ex¬ changed for financing purposes within the sterling area and the French empire, thereby eliminating transfers of gold between France and England and conserving their gold resources for outside purchases. The sterling held by France will thus be available for expenditure throughout Great Britain will be the sterling area and francs held by accepted throughout the French empire. It was agreed that neither country is to obtain bredit abroad without the consent of the other, and neither coun¬ try is to impose new restrictions whether for erations. allies tively, It are Expenditures on on or imports from the other, from exchange consid¬ behalf of actual to be allotted to Great Britain and on a was protective purposes 60-40 basis. generally or prospective France, respec¬ > believed in financial quarters that the agreement unit practically makes Great Britain and France a absolutely independent" of the financial and exchange problems of the rest of the world. Nevertheless a large body of opinion considered that the currencies of both countries greater weakness, and it later there will be are was headed in the direction of thought likely that sooner or further devaluation of the units. Since the beginning of the war the pound has depreciated by approximately 20%, a decline reflected in the fixing of the Bank of England's gold price toward the end of a August at 168s. per ounce. Despite the accepted opinion that both currencies are now independent of financial policies in other countries, a considerable number hold the view that Great Britain will be compelled to make changes in its commercial arrange¬ ments which may affect the value of the pound variously MONTHLY KEVIEW Eminent London financial observers in different countries. that tbe exchange con¬ observers went so far as to advocate trol, in interest of British foreign trade expansion, the value of the pound according to local the should vary desired countries with several which it is For some countries the use business. do to the in requirements of a advocated, while for others a cheap pound was endorsed, concurrent,with the maintenance of a high level of prices in other markets, particularly the complete barter policy was pound to command universal confidence was reflected in official action taken in several countries. It should be noted that a few months earlier the Japanese The failure of the affixed to the pound which had for a long time been yen, became linked to the United indication of the lack of con¬ the rate of Is. 2d. per yen, at A dollar. States further in the action of the National fidence in the pound was seen Assembly of Portugal (a country for a great many years closely linked financially with Great Britain) on Dec. 8, releasing the escudo from and thus basing the future value Portuguese unit on the United States dollar. approving value the of the Lack a decree of its Premier the pound, of faith of the pound the future of in was likewise demand for silver on the part of India. Immediately after the outbreak of the present war a virtual embargo on the shipment of silver to India was put into effect by the British Government. In ad¬ dition to prohibiting the importation of silver into the United Kingdom, the British Government refused to per¬ shown the exorbitant by months, firmed to as high as $0.5325 on Dec. 18. two gain was incom¬ internal bond issue of 300,000,000 guilders had been pletely subscribed by the public, but toward the end of the month Dutch exchange again firmed to $0.5320%. The rate for Belgian exchange showed a net improvement of 19 points for the month, closing at $0.1670, while the Swiss within relatively narrow limits. franc continued to move "Trading in the non-European exchanges was featured by States. United around $0.5309 for about This subsequently canceled, following reports that an der, which had been maintained the Mexican peso, which began suspension by the Bank of Mexico of its supporting operations. The peso, which since the lat¬ ter part of September had held near $0.2050, was quoted at about $0.1695 near the end of December, indicating a depreciation of 17% since Dec. 9. The Mexican authorities, abrupt depreciation of an Dec. 11, following the on who 15 declared the existence of Dec. on "condition of a emergency" in foreign exchange, have attributed the present situation to the deterioration of Mexican export trade. The Cuban peso, the other hand, improved somewhat during on trade month, particularly following the signature of a the of the preferential duty on Cuban sugar imported to this country. The dis¬ count on Cuban exchange closed the month at about 11%%, as against 12%% at the end of November. The Canadian agreement providing for the restoration dollar showed also stronger tendency, a United against the to 11%%. States dollar and its discount 13%% narrowed from have "Some demand for silver in this market appeared to the latter part of December, and the New into dollars for the purchase of silver. Toward the end of "York market price for toreign silver rose to as high as 37c. on Dec. 20, or considerably above the United States December the British and Tndian Governments were com¬ Treasury Department's buying price of 35c. an ounce, for pelled to release restrictions on silver purchases somewhat. the first time since the British and Indian authorities sub¬ As a result, arrangements were made in New York for of -~th^ mit-conversion sterling, of around 1,500,000 ounces of silver through the purchase British rupee,--whieh- -was-tied to seem in the back country, far that the natives Bombay and Calcutta, were refusing to accept rupee from sales, thus displaying doubt not only con¬ for their notes cerning the Indian paper, but also as to the paper pound. It should be recalled that a similar situation arose in India the World War. The London money market during all times extremely com¬ Call money against bills was available at from %% to 1%. Bill rates ruled as follows: two months' bills, 1 5/16%; three months' bills, 1 %%; four months' bills, 1%%, and six months' bills, 1 9/16%. The Bank of England's note circulation for the week fortable Dec. ended This was at during December. made 27 reached total a all-time an increase of £554,616,000. circulation during three in weeks in December of £20,740,000. to have seem in note the little to do with the vast increase circulation, which was due for the most part to any which Christmas requirements had very absorption meet high of notes large the by banks in order to possible year-end squeeze in the money market, designedly made easy throughout December in was preparation for the launching of a heavy war loan expected soon after the turn of the year. Canadian the exchange continued at United States dollar a discount in terms of December, as the throughout in of importation jected toward banks. It would developed end the metal the October. of The to a licensing Indian control Government is reported to have relaxed its restrictions somewhat in order to ease the recent speculative rise in the Bombay price, accompanied increased hoarding demand." gold movement at the Port of New York which Details of the during December were outlined as follows in the "Monthly Review" of the Federal Reserve Bank of New York for 1: Jan. "Imports of gold into the United States during December were considerably larger than in November and, in fact, appear to have been in the largest volume since last April. However, the amount of gold held under earmark for for¬ account at the Federal Reserve Bank of New York $205,000,000 during the past month follow¬ eign increased about ing reduction of approximately $340,000,000 in the preced¬ a The amount of gold held under earmark, from the peak of $1,300,000,000 reached last ing four months. after declining November, rose During Decem¬ gold stock of the United States increased about $285,000,000, reaching a new high of approximately $17,640,000,000. For the year 1939 the gold stock rose about $3,130,000,000 as compared with a gain of $1,750,000,000 July to about $960,000,000 at the end of during December to about $1,165,000,000. the ber in 1938. reported by the Department of Commerce, gold im¬ "As the rates Hence in the New York market ports into the United States during the three weeks ended Dec. 20 totaled $361,000,000, of which $286,000,000 came to Montreal funds in December ranged between a discount of country from Canada, $21,400,000 from Holland, $9,400,000 from Sweden, $7,200,000 from England, $6,300,000 from South Africa, $5,900,000 from Japan, $5,600,000 from Italy, $4,000,000 from Norway, $3,400,000 from Switz¬ erland, $2,900,000 from India, $2,100,000 from Colombia, and $900,000 from Hongkong." Canadian unit close in moved officially fixed in London. 13%% and In a sympathy with discount of 11 3/16%. commenting the foreign exchange situation during on December the Federal Reserve Bank New York said in of its "Monthly Review" for Jan. 1: "In a foreign quiet market, New York rates for several leading exchanges registered advance some during this De¬ CONTINENTAL AND OTHER FOREIGN EXCHANGE cember. as "The rate for the pound sterling, which had declined to low as $3.87% on Nov. 30, accompanying the outbreak of Soviet-Finnish hostilities, moved irregularly higher during months, the first half of the past month to reach lished $3.95% on Dec. 14. Subsequently it held relatively steady, closing the month at $3.95%. The discount on three month deliveries nar¬ rowed slightly during the month. Far Eastern and especially European holders continued to liquidate their sterling balances, but these offerings apparently were readily taken up by American importers and others owing debts expressed in terms of British exchange. Meanwhile the English authorities are reported to have under contem¬ plation plans to tighten exchange restrictions for the pur¬ pose of preventing unauthorized transfers of sterling assets from British to non-resident accounts, and thereby reducing amount of sterling available for sale by non-residents The French franc during December, as in the past two steady in terms of the pound sterling, owing to the fixed rate of 176-177 francs to the pound estab¬ In continued between London and of the terms ment with dollar Paris. the franc moved in close align¬ sterling, ranging between a low of 2.19% and a /high of 2.24%. On 12 Dec. Finance Minister Reynaud informed the flow to France had then practically ceased, stating that since the outbreak of the war 10,000,000,000 francs in gold devisen had been converted into francs and repatriated. Thus, despite heavy expenditures abroad, the resources of the exchange fund at the end of November were as large as on July 31. The gold movement had been accompanied by the return of Chamber of Deputies the securities in outside 'free' markets. that the1 gold valued 24,000,000,000 francs. "According French to an between agreement Governments, announced on be linked to the pound at the rate of after the New York signing of a continued to peace treaty. move the British and Dec. 12, the franc will 176% until six months The French franc in about parallel to the pound rate throughout the month, quotations advancing from the Nov. 30 low of $0.0220 to a high of $0.0224% on Dec. 18, and ending the month at $0.0223% for a net gain of 3% points. In the forward market, discounts on threemonth francs, which were nominally quoted at the equiva¬ lent of about 16%% per annum at the end of November, 9%% in the latter part of December. "Among the neutral European currencies, the Dutch guil¬ narrowed to about unconverted and foreign currencies at During the 10 months immediately preceding the war 26,000,000,000 francs of gold devisen were repatriated, bringing the total repatriation during the 13-month period precedings M. Reynaud's statement to 60,000,000,000 francs. On Dec. 24 the Finance Minister, assert¬ ing that the French financial situation continued satis¬ factory, pointed out that capital was still being repatriated and that the total return since the beginning of the war had reached 34,000,000,000 francs, of which about 10,000,- 000,000 francs had been converted into gold. The sion French on Parliament adjourned Dec. 31 its extraordinary after adopting the year-end ses¬ civil and mili¬ budgets totaling about 329,000,000,000 francs (about $7,000,000,000) for 1940. The original budgets for 1939 were tary Jan., 1940] MONTHLY REVIEW 93,000,000,000 francs. The new budget provides 249,111,000,000 francs (nearly $5,500,000,000) for war purposes, all to be obtained by public subscription. The strictly civil budget provided for 80,000,000,000 francs. The Parliament was to convene in regular session early in January. The Finance Minister told the Chamber of Deputies toward the end of December that he would avoid the perils of both inflation and deflation. To avoid inflation through direct price rises M. Reynaud declared it his policy to rely direct control of the flow of commodities and on tion of and diversion their consumption. of He will savings into also rely with sterling exchange, to which they are allied either legally or through exchange controls. The Japanese yen, which had since Oct. 24 been linked to the dollar, was steady throughout the month. The London price for silver was 23%d. on Dec. 1 and 22%d. on Dec. 29. The Hongkong dollar was 24.20@24.50 on Dec. 1, and 24.62@24.75 on Dec. 30. The Shanghai dollar was 7.59@7.75 on Dec. 1, and 7.64@7.75 on Dec. 30. Yen checks were 23.44@23.47 , gggggggOOGOGOOOOGOCGOGGGGOGGOGC taxation on §§§S§S8SS§gg8g§§§gg§Sggpg§ggggg to war loans. To avoid deflation he asserted that it is his intention that State the its be will would have to GOWtGtOtOtOtOtOtOtOtObOh-M H 1 Bank 21 of the into pay France showed total Bank gold for for statement circulation Brussels the and 16.76@16.79%. at German authorities New York or there a was statement in of compelled unit. the in quoted I I I I I I I I I I I CO Itfc W CA3 X XX XXX XX Si §3 §3 §3 §3 So §3 §3§3§0§0§3§0 CO CO CO CO CO CD © © © © CO © ^ CO Cn OJ to W h-1-. >-1 (-1 00 OS 00 00 03 03 03 03 03 03 XXX XX GO 03 §3 §5 GO GO CO CO CO CO CO CO cn Co CO 03 03 03 03 03 03 « 03 03 03 03 03 ££888 888888 828828 XXXXX XXXXXX 03 03 03 03 03 030303030303 rs ce xxxxxx 03 03 03 03 03 fi & 03 03 MMWMOH xxxxxx 3 X Q0\ O0\ 00N Q0\ 00 \ 00 00 03 03 03 03 CO CO CO CO CO CO 03 03 00 00 © © ©©©00 00 00 OOMffl®© xxxx GsSoSo 03 §3§3 §5 §3 © xxxxxx 03 03 03 03 03 03 CO CO CO CO CO CO OJ to 03 to to H. XXXXX © XXX XXX on I coco ©©©©00© X xxxxx CO CO CO CO CO C& Oi Oi CnCn I CO CO CO CO CO CO 00 00 ©00 00 00 030303030303 Ofi&OD OO 03 03 CO 03 ©tCnOtCnCnCt X X CO CO CP CO CO CO 03 03 03 03 03 03 03 03 ££ XXXXX XXXXXX .03 03 03 03 03 03 X 03 03 03 03 03 03 03 03 m!K£&£&bjrr>®'®ffik®®_©»©b6bo06|„boboa>bobo6o__C»bo to w Cm 03 toto How¬ 2 t- t-» M h- 10 © eg OO © © ©-© 00 OQ 0!XJ> © © OS © § XXX O^XXXX xgxxxxxxgxxxxxxgxx 0 M W MWMQ D 03 GO GoSoSo 03 0 030303030303 03 §3 03 03 §3 §3 0 §3 GO GO GO £> §0 0 §3 §3 030303030303 03 03 03 03 03 03 00 03 00 00 00 00 00 00 <l©-J©Cn© XXX X XXXXXX XXXXX xxxxxx XX §3 §3 GO §3 & GoSoSoSoSo §3 §3 §3 8 §3 §3 &§> ©h- © ©© S 00 © © 00 00 00 00 00 00 00 00 00 —3 00 00 © —3 00 00 hmmmhh XXXXX xxxxxx XXXX XXXXXX XX 0303030303 OS 03 03 03 03 03 CD CD CD CD CD COtOtO Ml to ©©©©©© to to to to to to nannn 03 03 03 03 03 Reichsbank 00 03 CD CO CO CO CO CO the rentenbank notes as I io 5o XXXX §5 XXX 23 forming part of the currency, such I COCOCOCOCO0O 4k X 03 03 00 03 03 The I either in December quotation of 40.20. Dec. » CO CO CO CO CO CO reported a circulation of 10,999,871,000 marks, the highest since the reorganization of the German banking system in 1924. The report on circulation gave no indication of the many other forms of fiat notes as I X O0 OS OO 03 O0 London, although frequently in New York nominal I CO CO CO CO CO C0 Cn tf* CJi rf* — not were I xxxx ended week the were t- marks I co co co co In New York belga cable Dec. 1 at 16.49%@16.52%, and on Dec. 30 on I COCO CO 03 03 03 sympathy with sterling. transfers sold I of occasions to intervene to maintain in ness « e o a a » CO 00 03 CO So toward the end of the month the unit showed firm¬ ever, » xxxx Belgian currency was more or less under pressure during several I tfk to He explained that thus there 149,416,000,000 francs, the largest in the Bank's history. Gold holdings of the Bank increased 310,258 francs during December to 97,266,717,845 francs, and the ratio of gold to circulation and deposit liabilities was 59.02%, compared with 62.01% a year earlier. The ratio of 65.36% reported on Aug. 24 was the highest of the year. In the New York free market Paris cable transfers sold on Dec. 1 at 2.19% @2.22, and on Dec. 30 at 2.24% @2.24%. . December 1 CO CO CO CO © State francs which otherwise foreign purchases. M M M H M t-,©©00-3©CnrfMWt0h-O©00-4©Cni^C0t3H'©©C0«4©enitkG3t0M 1 1 1 no contraction of the currency or of credit such as normally follow such gold expenditures. The Dec. would subscription M 00 CO 03 M the Bank of France lend the cover Dec. 1, and 23.45@23.47 on Dec. 30. on restric¬ on 115 XXX XXX •r-NQONQON. and the various classes of notes issued by the army authori¬ Cable transfers on Berlin were nominally quoted in X 000303030303 ©©©©00© hOhOO© XX XXX to a>«3 030303030303 0303 00 00 0000 00 00 00 00 00 © —3 © 00 00 XXX -3© XX XX ties. New York at 40.10@40.25. Dec. 1, and at 40.08%@40.30 Italian lire were blockades. steady throughohut the month by Italy seemed to be the only country affected All by 76.50 77.50. 5.04% @5.05% Cable transfers The Portuguese currency, the Premier the its future The market at and released was value of minor escudo the escudo, from based was is currency Rome on sold at Exchange The Swiss on 30 to United importance Dec. on its link the dollar. New the in was sterling and States nominally York quoted the on countries and franc neutral limited moved in within during volume narrow the war of during December. limits, while exchange equalization fund. However, both units and the Scandinavian currencies moved in tionship to the official little were affected December 000,000 below the guilder the fixed rates either their respective borders or In the desired close rela¬ London and hence by the trade depression within by the inroads on their shipping. Netherlands defense in these loan Government which fell floated nearly 300,- a one-third subscription, indicating the depressed Holland, Switzerland, Norway and Sweden were frequent shippers of gold to the United States during the month, mostly it is believed for state of business in the Netherlands. earmark with the Federal Reserve Bank of New York. State Bank Dec. 14 force from since 2%% Dec. 53.08%@53.10 Exchange December in war in change advanced 3%. to 1933. its rate of Europe. On were the held been in sold at ever whole, since restricted outbreak of the South the with steady the American respect to 29.77@29.78 on both ex¬ the Dec. 1, and at 29.77 @29.78 on Dec. 30. The unofficial or free market was 23.05@23.12 on Dec. 1, and 22.75@22.80 on Dec. 30. Bra¬ zilian milreis were quoted at 5.02@5.15 on Dec. 1 and at 5.03%@5.15 on^Dec. 30. Exchange turbed in on December previous months and the the the as Far as a Eastern it had result countries been continued throughout of war donditions the in dis¬ three Europe changed relationship of sterling to the dollar. For part the Far Eastern units moved in sympathy most Cables Escudo Checks Cables Checks 2.18% a2.21 % 2.1954a2.22 22.42a22.4354 22.4254a22.44 3.5854a3.66 2.21 a2.2l5i 2.2154 a2.2154 22.42a22.4354 22.42 54a22.44 3.58 54 a3.66 Deo. SUNDAY 2.2054a2.2l54 2.21 Dec. 2.20 a2.2154 22.42a22.43 54 22.42 54a22.44 3.5854a3.66 2.20 54 a2.2154 22.4154G.43 54 22.42a22.44 3.59 o3.67 2.2054 a2.22 54 2.21 a2.2254 22.41a22.43 22.4154a.43 54 3.59 o3.67 2.21 a2.22 2.2154a2.2254 22.4154 a22.43 22.42a22.43 54 3.59 o3.67 Dec. Dec. Dec. a2.21 2.215£a2.22 2.2154 a2.22 54 22.4154a22.43 22.42a22.44 3.59 54 a3.67 2.21J4a2.2lJ4 2.2l54a2.22 22.4154 a22.43 22.42a22.43 54 3.59a 3.67 Dec. Dec. 10 Dec. 11 Dec. 14 Dec. 15 Dec. 16 SUNDAY 2.21J4 0.2.23 a2.22J4 2.22 a2.2354 2.2354a2.24 54 2.2254 a2.23 2.23 a2.2354 2.22 2.2l54a2.2354 2.22 54 a2.23 54 2.22 54 a2.23 54 2.23 54a2.2454 2.22 54 a2.23 54 2.23 54 a2.23 54 Dec. 17. Dec. 18 Dec. 19 Dec. 20. Dec. 21 Dec. 22. Dec. 23. 2.23 a2.24 2.23 54a2.2454 2.23 a2.24 2.23 54a2.2454 2.23 54 a2.24 54 2.2354a2.24 2.23 54 a2.23 54 2.23 54 a2.24 2.23 54 a2.23 54 2.23 54 a2.24 2.23 54 a2.23 54 2.23 54 «2.24 Dec. 24. 22.4154 a22.43 22.4154 a.43 54 22.42a22.4354 22.4154 022.43 22.42a22.4354 22.42a22.4354 3.60a 3.67 22.42 54 a22.44 3.60 54a3.68 22.42a22.43 54 3.6l54a3.69 22.4254a22.44 3.61 3.6154a3.70 22.42 54a.43 54 22.43a22.44 3.6154a3.70 22.42a22.4354 22.42 54 a22.44 3.6154 a3.70 22.42a22.44 22.42 54a.4454 3.6154 a3.70 SUNDAY Dec. 25. HOLIDAY 2.23 Dec. 27. 22.42 54a.44 54 22.42 54a.4354 22.43a22.44 2.2354a2.2354 2.2354a2.24 2.2354a2.2454 2.2354a2.2454 22.42 54a.43 54 22.43a22.44 2.24 a2.2454 2.2454a2.2454 22.42a22.4354 22.42 54a22.44 Dec. 29. Dec. 30. a3.69 3.60 54a3.69 22.43a22.45 54 22.43 54 a22.46 3.61 a3.70 22.42 54 a22.45 22.43a22.4554 3.6154 a3.70 22.42 54 a.44 54 22.43a22.45 Dec. 26. Dec. 28. 3.59 54a3.67 22.42a22.44 22.42 54 a22.44 22.43a22.45 SUNDAY 2.23 a2.2354 2.23 54a2.24 22.42a22.44 a2.2354 2.23 54a2.2354 22.42a22.44 Dec. 31. 22.42 54a.44 54 3.6l54a3.70 3.6l54a3.70 3.6l54a3.70 3.6l54a3.70 3.6l54a3.70 SUNDAY Germany Belgium Reichsmarh Beloa Cables Checks 1. 40.10 O40.25 16.49 Dec. 2., 40.12 a40.30 16.51 3_. Hungary Pengo Cables al6.52 16.49 540.5254 a.5354 16.515ial6.54 Dec. 4.. 40.11 a4O.30 16.51 5_. 40.11 a40.30 Dec. 6-. 4 0.10 54 a40.30 16.49 Dec. al6.54 16.5154a.5454 16.52al6.5354 16.52 54al6.54 016.52 16.4954al6.53 40.1254a40.25 16.4954a.5154 16.50 al6.52 7_. Dec. 8-. Dec. Cfiecks 17.60al8.00 17.60al8.00 SUNDAY Dec. Dec. 30. was Portugal Franc Checks Dec. had on Switzerland Franc Dec. l§| OF FOREIGN EXCHANGE France Dec. pound and the United States dollar through the operations of the exchange controls in the various republics. Peruvian exchange proved an exception and was inclined to ease owing to the country's adverse trade balance. The Argen¬ tine peso was quoted at XX DAILY RATES on cable transfers Dec. 1 and at 53.25@53.30 it has been XX 03 03 The rediscount The lower rate Guilder the South American countries as rates 1, on on XX XXX Checks Sweden of XXXX Dec. 13 Netherlands currency was frequently supported by the Neth¬ erlands XXX Dec. 12 dull was 00 00 Dec. Dec. 8 by decree on 3.61%@3.70c. 1914-18 00 00 ©©©©00 00 Dec. Dec. 1, and at 5.04% @5.05 on Dec. 30. on 000000000000 !->©!->»-*©© shipping embargoes and reports from Rome indicated im¬ official to 03 03 03 03 03 03 ©'©©©0000 the provement in the stock exchanges and general business in Italy during the month. Italian exchange was not quoted in London, but unofficially the London range for lire was from 03 0303030303 ©©©©to© XXXXX held at Rome. adversely 03 03 03 03 03 03 tO tO tO OS 03 tO the control not of 03 030303 03 ©©COCO© on Dec. 30. on 9.. 40.13 54 a40.30 16.4 7 54al6.50 16.48al6.50 54 40.08 54 a40.30 16.48 54al6.50 Dec. 10_, 16.49al6.5054 17.60al8.00 17.60al8.00 17.60al8.00 17.60al8.00 17.60al8.00 17.60al8.00 SUNDAY Dec. 11.. 40.11 Dec. 12-. Dec. 13-. No rates Dec. 14-. available a40.25 16.48 al6.49 16.48 54a.4954 40.08 54 a40.30 16.43 54al6.47 16.44 016.48 40.00 a40.30 16.47 al6.52 16.4754al6.53 17.60al8.00 17.60al8.00 17.60al8.00 17.60al8.00 17.60al8.00 40.11 a4025 Dec. 15-. 40.09 a40.25 Dec. 16-. 40.10 040.25 16.55 al6.62 16.5554al6.63 17.60al8.00 40.10 SUNDAY 040.30 16.62 016.65 16.6254al6.66 040.25 16.63 016.66 16.63 54a.6654 17.60al8.00 17.60al8.00 Dec. 17.. Dec. 18_. Dec. 19.. 40.09 16.5lal6.5454 16.5154al6.55 16.52al6.5454 16.52 54al6.55 Deo. 20-. 40.09 Deo. 21.. 40.10 Dec. 22_. 40.10 17.60al8.00 Dec. 23.. al6.67 16.65 54a.6754 40.0454a40.30 16.6454al6.67 16.65al6.6754 17.60al8.00 Dec. 24.. Dec. 25.. Dec. 26.. Dec. 27Deo. 28— Dec. 29Dec. 30.. Dec. 31.. a 40.25 16.64 ol6.66 16.6454al6.67 O40.30 16.64 54al6.66 16.65al6.66 54 040.25 16.65 17.60al8.00 17.60al8.00 SUNDAY HOLIDAY 40.09 54a40.25 16.64 54a.66 54 16.65a 16.67 40.07a40.30 16.72 54al6.85 I6.73al6.8554 40.07a40.25 I6.69 5*al6.75 16.70a16.7554 I7.60al8.00 17.59al8.00 I7.59al8.00 40.08a40.25 I6.71al6.74 16.7154al6.75 40.08 54a40.30 I6.7554al6.79 I6.76al6.7954 17.60al8.00 SUNDAY 17.59al8.00 MONTHLY EEYIEW 116 i£= DAILY RATES OF FOREIGN EXCHANGE (iConcluded) Netherlands Denmark Poland Canada Krone Zloly Dollar Peso Checks Checks Cables Checks Cables Checks Dec. Dec. Deo. Deo. al9.32 19.28Hal9.33 Dec. Dec. Dec. 6 053.11 19.29Hal9.32 19.30 al9.33 Dec. Dec. 7 Dec. 15. Dec. 16. 53.14 053.22 53.15 053.23 19.30 53.15 o53.29 53.16 053.30 19.29Hal9.32 19.30 Dec. 13. Dec. 14. Dec. 19. Dec. 20. Deo. 21. Dec. 22. Dec. 23. No rates Dec. 13... available Dec. 14 019.33 Dec. 15 019.33 19.30Hal9.34 Dec. 16- Dec. Dec. 18 Deo. 19 019.33 Dec. 30. 57.20o57.50 57.08o57.50 29.77a29.78 57.00o57.50 29.77o29.78 57.00a57.50 29.77o29.78 57.00o57.50 29.77a29.78 discount discount discount discount discount al2H% al2H % al2H% 12Hal2H% l2Hal2H% 57.00o57.50 29.77a29.78 56.98a58.00 No rates 29.77a29.78 56.98o58.00 available 29.77o29.78 56.98o58.00 29.77a29.78 56.98a 8.00 29.77a29.78 56.98a58.00 29.77o29.78 12HallH% discount llHallH% discount 12 allH% discount HHall8x#% discount llHall7x#% discount llHall7xe% discount Dec. 22 Dec. 23 56.98a58.00 29.77a29.78 56.98a58.00 29.77a29.78 56.98a58.00 29.77o29.78 56.98a58.00 29.77a29.78 56.98a58.00 29.77a29.78 56.98o58.00 discount 29.77o29.78 56.98a58.00 discount discount discount 29.77o29.78 56.98a58.00 29.77o29.78 56.98a58.00 29.77o29.78 56.98058.00 discount 29.77o29.78 56.98a58.00 Ecuador Dec. 24 SUNDAY Deo. 25 Dec. 26 HOLIDAY Dec. 27 Dec. 28 Dec. 29 Dec. 30 l9.29Hal9.32 I9.30al9.33 57.14o57.50 29.77o29.78 SUNDAY Dec. 21 Dec. SUNDAY Dec. 31. 13 13 13 Dec. 20 SUNDAY 53.24 Ha53.28 53.25a53.30 Dec. 28. 29.77o29.78 29.77a29.78 ol2 H% discount 17 19.30 Dec. 29. Dec. 27. .... 019.33 019.33 53.08a53.09H 53.08 Ha53.l0 l9.29Hal9.32 I9.30al9.33 53.10Ha53.15 l9.29Hal9.33 19.30O19.33H 53.lOo53.14 53.15Ha53.22 l9.29Hal9.32 I9.30al9.33 53.15a53.21 53.18Ho53.26 l9.29Hal9.32 19.30al9.33 53.18a53.25 Dec. 26. 13 19.30 HOLIDAY Dec. 25. 11 12 57.22o58.00 57.14a58.00 SUNDAY 19.30 053.19 19.29Hal9.33 19.30al9.33H 53.13Ha53.18 53.14 019.32 19.29Hal9.33 53.08 053.12 53.08Ha53.13 19.29 ol9.32 19.30Hal9.33 53.09o53.10H 53.09Ha53.11 19.30 019.33 19.30Hal9.34 53.09 053.12 53.09Ha53.13 19.30 19.29Hal9.33 19.30al9.33H 53.08053.09 H 53.08Ha53.10 Dec. 24. 9 Dec. 29.77o29.78 29.77o29.78 discount discount discount discount discount discount 10 Dec. 19.30Hal9.33 19.30Ha.33H SUNDAY Dec. 17. Deo. 18. Deo. Dec. al9.32 53.08a53.09 H 53.08Ha53.10 19.30 019.33 53.08a53.09 H 63.08Ha53.10 19.30 53.08 O53.10 53.08 Ha. 10 H 19.29Hal9.32 53.08 O53.10 53.08Ha.10H 19.29Hal9.32 53.08053.10H 53.08Ha53.11 19.29Hal9.32 Dec. 12. 8 Deo. al9.32 19.30Hal9.33 019.32 19.29Hal9.33 SUNDAY Deo. 10. Deo. 11. 13Hal2H% 13Hal3% 13Hal2H% 13 al2H% 13 al2H% 13 al2H% 5 al9.33 Checks SUNDAY 4 019.33 O53.10 19.30 53.07Ha.09H 53.08 53.08a53.09H 53.08Ha53.10 19.29 Dec. 3.. 053.10 19.29Hal9.32 19.30 053.10 19.29Hal9.32 19.30 053.10 19.28 53.07Ha.09H 53.08 53.07Ha.09H 53.08 53.07Ha.09H 53.08 53.07Ha53.10 53.08 Dec. 2 Dec. SUNDAY Dec. 1 Dec. Peso Cables Checks 13Hal2H% discount 12Hal2H% discount Dec. 53.08a53.09H 53.08Ha53.10 19.28Hal9.33 19.29al9.33H 019.32 19.28Hal9.33 53.08a53.09H 53.08Ha53.10 19.28 Deo. Colombia Argentina Guilder llHall8x« 11 Hall H 11 Hall H llHall3x« llHall'x* SUNDAY 31 Norway Finland Krona Krone Brazil Markka Qiile Bolivia MUreis Sweden Peso Boliviano Sucre Checks Checks ' Cables Checks Dec. 28.78 "028.82 Dec. 23.78 023.81 .79 Checks Cables Checks .85Ha2.00 SUNDAY Deo. Dec. 23.77 023.82 Dec. 23.79 023.82 Dec. 23.80 Dec. 23.80 023.82 Dec. 23.80 023.82 Dec. 23.76Ha23.81 023.82 ,77Ha.82H ,79Ha23.83 ,80Ha23.83 .80Ha.82H ,80Ha23.83 .77 23.78Ha23.81 Dec. 12. 23.77 Dec. 13. 23.78Ha23.82 Dec. 14. 23.80 023.82 023.82 023.82 Dec. 15. 23.80 Dec. 16. 23.80Ha23.82 023.82 23.80 Dec. 19. 23.79 Dec. 20. Ha23.82 23.79 Ha-82 H Dec. 21. 23.80 Dec. 22. 23.79 Dec. 23. 23.80a23.82H a23.82 023.83 5.03 05.15 5.1705.19 3.00 6.75 22.70 5.01 05.15 5.17o5.19 3.00 6.75 80Hal.95 6- 22.70 022.73 22.70Ha.73H 78 Dec. 7- 5.04Ha5.15 5.1705.19 3.00 6.75 Dec. 8— 5.02Ha5.15 5.17o5.19 3.00 6.75 Dec. 9— 5.02Ha5.15 5.17o5.19 3.00 6.75 22.70Ha22.72 22.71 022.73 022.73 01.95 80Hal.95 80Ha2.00 022.73 023.83 22.69Ha22.72 22.70 022.73 .80Ha23.83 22.70Ha22.72 22.71 022.73 ,80Ha23.83 22.70Ha22.72 22.71 a22.73 22.70Ha22.74 .81 023.83 22.70 .81 .79 ,80Ha23.83 22.70 a23.83 22.70 023.83 22.70 — SUNDAY Dec. 10— 022.73 22.70Ha.73H a22.72 22.70Ha22.73 ,80Ha23.83 22.70 22.74 .79Ha.83H 22.70Ha22.73 22.71a 022.73 22.70Ha.73H ,80Ha23.83 22.70 a 5.15 5.17o5.19 3.00 6.75 5.03 05.15 5.17o5.19 3.00 6.75 available a2.00 5.03 a5.15 5.17o5.19 3.00 6.75 5.03 a5.15 5.1705.19 3.00 6.75 Dec. 16— 5.05 a 5.15 5.1705.19 3.00 6.75 SUNDAY 5.1705.19 3.00 6.75 5.1705.19 3.00 6.75 5.17o5.19 3.00 6.75 Deo. 21._ 5.02Ha5.15 6.02Ha5.15 5.02Ha5.15 5.02Ha5.15 5.1705.19 3.00 6.75 Dec. 22„ 5.02Ha5.15 5.1705.19 3.00 6.76 Dec. 23.. 5.01Ha5.l5 5.17o5.19 3.00 6.75 Dec. 18— .81Ha2.00 ,81Ha2.00 81Ha2.00 Dec. 19 Dec. 20.. O2.00 81Ha2.00 ,81Ha2.00 SUNDAY Dec. 24— SUNDAY HOLIDAY Dec. 25.. HOLIDAY 80Ha23.83 22.70a22.72 22.70 Ha22.73 Dec. 27. 23.80a23.83 80Ha.83H 22.70a22.73 22.70Ha22.74 Dec. 28. 8lo23.83 Dec. 29. 23.80Ha.82H 23.80a23.82H Deo. 30. 23.80a23.82H 22.70Ha.72H 22.71a22.73 80Ha23.83 22.70a22.72H 22.70 Ha22.73 ,80Ha23.83 22.70a22.72H 22.70Ha22.73 Dec. 26— a5.15 3.00 6.75 5.02 a5.15 5.1705.19 3.00 6.75 Dec. 28 5.03 a 5.15 5.17o5.19 3.00 6.76 Dec. 29— 5.02 o5.15 5.1705.19 3.00 6.75 Dec. 30— a2.00 5.02 Dec. 27— 81Ha2.00 .8lHa2.00 8lHa2.00 8lHa2.00 82 5.03Ha5.15 5.l7o5.19 3.00 6.75 Venezuela Peru Japan Peso Bolivar Sol Yen Dollar Checks Checks Checks Checks Checks Dec. 65.83 31.00o31.60 16.50al8.50 23.44o23.47 24.20a24.50 Deo. Italy 65.83 31.00o31.50 16.50al8.50 23.44o23.47 24.32a24.37 slovakia Peseta Lira Koruna Cables Dec. 1.. 9.95ol0.15 Dec. 2.. 9.95O10.15 Checks Checks Cables 5.04Ha\0"H 5.04Ha .0"H 5.04Ha5.05H 5.04Ha5.05H Deo. 3.. Dec. 4- 9.95O10.15 Deo. 5_. 9.95O10.15 Dec. 6_. 9.95O10.15 Dec. 7.. 9.95O10.15 D§o. 8.. 9.95O10.15 Deo. 9 9.95O10.15 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H Dec. Dec. 11 9.95ol0.15 Dec. 12 9.95O10.25 Dec. 13 No rates 9.9"al0.2i Dec. 14 available 9.95al0.25 Deo. 15 9.95O10.15 Dec. 16 9.9oOl0.15 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.0iH 5.04Ha5.04M 5.04Ha5.05 5.04Ha5.05 5.04Ha5.05H 5.04Ha5.05 5.04Ha5.0'H 5.04Ha .04 H 6.04Ha5.05 Deo. 18 9.95al0.15 Dec. 19 9.95al0.15 Dec. 20 9.95al0.15 Dec. 21 9.95O10.15 Dec. 22 9.95al0.15 Dec. 23 9.95al0.15 9.95al0.15 9.95al0.15 Dec. 28 9.95al0.15 Dec. 29 9.95al0.15 9.95al0.15 Dec. 30 24.34a24.40 65.83 31.00o31.50 17.00al8.50 23.44o23.47 24.30Ha24.42 65.83 31.00a31.50 17.00al7.50 23.43a23.47 24.33a24.50 65.83 31.00o31.50 17.00al7.50 23.44o23.47 24.34a24.42 65.83 31.00o31.50 17.00 23.44o23.47 24.36a24.60 Dec. 65.83 31.00o31.50 17.00 23.44o23.47 24.38a24.60 23.44023.47 24.38fl24.56 SUNDAY Dec. 10. 17.00 Dec. 11. 65.83 31.00o31.50 23^44023.46 24.41a24.62 65.83 31.00a31.50 17.00al8.25 v23.44a23.46 24.48a24.65 Dec. 14. 65.83 31.00o31.60 17.00al8.25 23.44o23.47 24.62a24.65 Dec. 15. 65.38 31.00o31.50 17.00ol8.25 Dec. 16. 65.83 31.00o3l.50 17.00al8.25 Dec. 18. 65.83 31.00o31.50 17.00al8.00 23.44a23.47 24.57a24.70 Dec. 19. available 31.00o31.50 Dec. 13. No rates 65.83 Deo. 12. 65.83 31.00o31.50 17.00al8.00 5.04 H a5.05 5.04Ha5.05H 5.04Ha5.05M 5.04Ha5.06 5.04Ha5.05H 5.04Ha5.05 5.04Ha5.04M 5.04Ha5.05 5.04Ha5.05H 5.04Ha5.05 5.04Ha5.04H 5.04Ha5.05 23.44a23.47 24.64a24.75 23.44a23.46 24.64024.75 17.00 24.51 Ha24.65 23.43Ha23.47 24.51a24.65 23.44o23.47 SUNDAY Dec. 17. Dec. 20. 65.83 31.00o31.50 17.00al8.00 Dec. 21. 65.83 31.00o31.50 17.00al8.50 23.44a23.47 24.61a24.70 Dec. 22. 65.83 31.00o31.50 17.00al8.50 23.44a23.47 24.62a24.75 Dec. 23. 65.83 31.00o31.50 17.00al8.50 23.44a23.47 24.58a24.75 Dec. 24. SUNDAY Dec. 25. HOLIDAY 24.62a24.75 65.83 3l.00o31.50 17.00al8.50 23.44a23.47 Dec. 27. 65.83 31.00o31.50 I7.00al8.50 23.44a23.47 24.53a24.62 Dec. 28. 65.83 3l.00o31.50 I7.00al8.75 23.44a23.47 24.54 Ho24.70 Dec. 29. 65.83 17.00al8.75 23.44a23.47 24.59a24.71 Dec. 30. 65.83 31.00a3l.50 3l.00o31.50 17.00a 18.50 23.45a23.47 24.62a24.75 Dec. 26. HOLIDAY Deo. 25 23.44o23.47 Dec. SUNDAY Deo. 24 16.50al8.50 Deo. SUNDAY Deo. 17 31.00o31.50 Dec. I 65.83 Dec. 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H SUNDAY Dec. 10 SUNDAY Dec. SUNDAY Deo. 27 Hongkong Uruguay Czecho¬ Spain Dec. 26 5.1705.19 SUNDAY Dec. 31— SUNDAY Checks 6.75 5.04 Dec. 15- O2.00 .82 3.00 No rates Dec. 17— a22.73 22.70Ha.73H 022.73 22.70Ha.73H 5.17o5.19 Dec. 14- a2.00 .79 05.15 Dec. 13— Dec. 12— ,81Ha2.00 .81 5.03 Dec. 11— a2.00 Dec. 31. 6.75 5„ Dec. 23.80a23.82 Dec. 26. 3.00 Dec. O2.00 Dec. 24. 6.75 5.17o5.19 a2.00 023.82 22.70 Dec. 25. ~ 82 81 ,80 05.15 6.75 3.00 3.00 5.17o5.19 80Ha2.00 .81 .80 5.02 5.1705.19 SUNDAY 022.72 22.69 Ha22.73 022.72 22.70 Ha22.73 SUNDAY Dec. 18. 4— a5.15 o22.72 22.68 Ha22.73 ,77Ha23.83 22.70 Dec. 17. 5.02 22.69 a22.72 22.70Ha22.73 a22.72 22.70Ha22.73 .79 5.02y»o5.15 ■ 22.68 SUNDAY Dec. 11. Checks Dec. a23.82 22.69Ha22.72 22.70 Dec. 10. 1— 2— 3— I5eo7 O2.00 o22.71 22.69Ha22.72 Dec. Dec. 023.83 22v69""o22."72 22:69"Hd'2^W ,78Ha23.82 22.69 Cables —. 5.04Ha5.04M 5.04Ha5.05 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05M 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.06 5.04-Ha5.04H 5.04Ha5.05 SUNDAY Dec. 31. SUNDAY Dec. 31 Philippine Rumania Bulgaria Leu Lev Dinar Checks Checks .70 0.73 1.20 .70Ha.73 1.20 .70 H a.73 1.20 Checks 2.27 02.34 2.27Ha2.34 Drachma Checks .70 H .71 a.74 H 0.74H 1.20 a.73 1.20 .71 2.26Ha2.34 2.26Ha2.35 .71Ha.73H .71Ha.73H .70Ha.73H 1.20 2.26Ha2.35 2.26Ha2.35 1.20 2.26 1.20 2.26Ha2.35 .70Ha.73H .70Ha.73H .70Ha.73H .71Ha.73H .71Ha.73H .70 H a.73 H 1.20 2.26 1.20 2.26Ha2.35 1.20 2.26 02.35 Checks Checks Checks Checks Checks 1- 7.5907.75 49H O49.90 45.55o47.75 30.04o30.07 53.52 2.. 7.38O7.50 49H O49.90 45.72o47.75 30.00a30.10 53.52 .71Ha.75 Dec. 45.75o47.75 30.01o30.06 53.52 45.71Ha47.75 .71Ha.75 .72 a.75 Dec. 5- .72 a.75 Dec. 6_. 7.38a7.62 .72 a. 74 Deo. 7- 7.23O7.50 .71Ha.73H .70Ha.73M .72 a.74 Deo. 8_. 7.2307.37 49H 49H 49H 49H 49H .71Ha.74 Dec. 9_. 7.22o7.35 491'uo49.90 .71Ha.74 .71 Ha.74 .71 Ha.74 .72 H a.74 .72 H a.74 .72 H a.75 0.74H •71H0.74H .71Ha.74H .71 Ha.73 H 2.27 .72 .70 H a.73 1.20 .70 H 1.20 1.20 2.26Ha2.35 2.26Ha2.35 2.26Ha2.35 2.26Ha2.35 2.26Ha2.35 1.20 2.26 0.74H 1.20 1.20 o2.35 7.1807.25 7.33O7.50 .71Ha.75 .71 Ha.75 .71 Ha.75 .72Ha.75 .72Ha.75 .71Ha.75 1.20 1.20 1.20 1.20 1.20 53.52 46.00a47.75 30.01o30.12 46.02 Ha47.75 30.01 30.02a30.l2 Ha30.l2 53.52 53.45 53.35 Dec. 13.. 7.51o7.62 49lli«a49.90 46.05 Ha47.75 Deo. 14.. 7.40O7.50 491,x«a49.90 46.35a47.75 30.02o30.l2 Deo. 15— 7.4407.56 491,x#a49.90 46.15047.75 30.02a30.12 53.45 Dec. 16.. 7.4807.62 491,i«a49.90 46.21a47.75 30.04a30.14 53.58 53.35 SUNDAY Dec. 18- 7.60O7.82 49"ua49.90 46.26a47.75 7.7407.88 4918uo49.90 46.33a47.75 30.03Ha30.14 30.04Ha30.12 53.55 Dec. 19.. 46.34a47.75 30.05a30.l2 53.46 46.30a47.75 30.05a30.l2 53.47 53.52 Deo. 20.. 7.62o7.88 Dec. 21- 7.58O7.80 491,x«o49.90 491,iea49.90 Deo. 22.. 7.6407.75 49"xea49.90 46.33a47.75 30.04a30.l2 53.60 Dec. 23— 7.5807.75 491,i«a49.90 46.27a47.75 30.05o30.l2 63.49 49«xeo49.90 49»x«a49.90 49»x#a49.90 46.33a47.75 30.04a30.12 53.50 46.34a47.75 30.04 Ha30.12 30.06a30.15 53.51 46.34a47.75 49»x#a49.90 49»»x«a49.90 46.36a47.75 30.10a30.18 53.65 46.39a47.75 30.09a30.18 53.68 SUNDAY HOLIDAY .7lHa.75 .71Ha.75 .72 Ha.75 .7lHa.75 Dec. 27_. 7.73o7.80 Dec. 28.. 7.77O7.90 Deo. 29— 7.64o7.80 .70Ha.75 Dec. 30.. 7.64o7.75 SUNDAY 30.01Ha30.l2 491,x»a49.90 2.26Ha2.35 2.26Ha2.35 2.26Ha2.35 2.26Ha2.35 2.26Ha2.35 0.74H o.74H o.74H .71 0.74H .70Ha.74H 53.52 45.87a47.75 7.37O7.50 7.62o7.75 .72 30.00o30.14 Dec. 12., Dec. 25— .71 53.52 45.91 Ha47.75 491,uo49.90 Dec. 26_. .71 53.52 29.99o30.14 7.29O7.50 Dec. 24.. SUNDAY 53.52 30.00o30.15 Dec. 11- Dec. 17- .71Ha.74H .71Ha.74H .71Ha.74H .71Ha.74H .71Ha.74H .71Ha.74H 30.00o30.15 45.78a47.75 45.93 Ha47.75 SUNDAY HOLIDAY .70Ha.73H .70Ha.73H .7lHa.73H .70Ha.73H .70Ha.73H 049.90 049.90 049.90 O49.90 049.90 Deo. 10.. SUNDAY H a.73 H .70Ha.73H ,71Ha.73H .71Ha.73H .70 H a.73 H SUNDAY 4.. 2.26Ha2.35 2.26Ha2.35 17— Guilder 3_. 1.20 02.35 Java Rupee Dec. 1.20 1.20 India Dollar Deo. .71 .70Ha.73H ."0Ha.73H .70 H a.73 H .71Ha.73H .72 a. 73H 02.35 Settlements Peso Dec. Cables SUNDAY o2.35 Islands .710.75 SUNDAY .71Ha.73 Straits Shanghai Yuan Dollar Greece Yugoslavia Dec. 31— SUNDAY 53.60