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J5. ADM umnAny JAM 9 1933 . BANK f QUOTATION RECORD REG. U. S. PAT. OFFICE DECEMBER IN RETROSPECT Page Commercial and Financial Events Page 1 Course of the Stock Market—.. 8 9 Cotton Hides and Leather Iron and Steel Trade 7 .15 Dividend Declarations 12 Money Market New 16 __ Security Issues 11 Federal Reserve Bank—Brokers' Loans .17 Petroleum and Its Products 9 Foreign Affairs Rubber 9 4 — Foreign Exchange 114 Grain—Coffee—Sugar 8 Textiles 9 United States Treasury Financing 11 r INDEX TO STOCK EXCHANGE QUOTATIONS Page Baltimore Stock Page ..57 New York Curb m/bS New York Stock Exchange—Bonds Chicago Stock Exchange __54 New York Stock Exchange—Stocks Cleveland Stock ..66 Philadelphia Stock Exchange Boston Stock Detroit Stock Los Exchange.. Exchange.. Exchange.. Exchange Exchange 41 19 31 ...61 ..60 Pittsburgh Stock Exchange 59 ..64 Angeles Stock Exchange San Francisco Stock 62 Exchange.... INDEX TO GENERAL QUOTATIONS Page Banks and Trust Companies— Page Municipal Bonds— Domestic 100 Domestic Canadian 111 Canadian Exchange Seats Federal Land V—03 Bank Bonds Foreign Government Bonds 91 Public / 91 93 Utility Bonds 73 Public Utility Stocks 78 92 Railroad Bonds 67 81 Railroad Stocks 71 Industrial Stocks 84 Real Insurance Stocks 99 Real Estate Trust and Land Stocks Investing Companies Securities.. 72 Textile Stocks . Industrial Bonds Joint Stock Land BankSecurities Title ..111 Mill Stocks—see Textile Stocks— Estate Bonds 84 Guarantee William DANA and Safe Deposit Stocks 84 United States Territorial Bonds J~anuary 0, B. 84 _84 United States Government Securities..91 Mining Stocks. WILLIAM ..-112 1939 COMPANY, Street, Corner of ..91 PUBLISHERS Spruce Street, New York it.jL * ♦ * V * " J - t y \ i Jtafte deposit atul ^rust —OF Co. BALTIMORE— V Capital $2,000,000 Surplus and Profits $4,196,364 1876 this Company CINCE has devoted itself ^ exclusively to the management and conser¬ vation of estates—specializing the whole effort of its It is highly trained organization in this one of the few trust business. companies in the which has never engaged in country Edwin G. general Its Directors are: banking, selling securities, etc. Baetjer--,-- Venable Baetjer & Howard Charles H. Babcock-..Reynolds & Co. William G. Baker, Howard Bruce Jr--Baker, Watts & Co. Chairman of Board of Balti¬ more National Bank George C. Cutler President of Safe Deposit and E. President Trust Co. Asbury Davis of Baltimore of United States Fidelity and Guaranty Co. Lyman Delano Chairman of Board of Atlantic I Coast Line R. R. Co. Robert Garrett Robert Garrett <fc Sons Norman James President of James Lumber Co. J. Edward Johnston Capitalist Blanchard Randall Gill & Fhher Charles E. Rieman Pres. of Western Nat. Bank ■ . "f < V v' '1 1 ' ' BANK/QUOTATION RECORD 'REQ. U. 8. PAT. OFFICE Copyright in 1939 by WILLIAM B. DANA COMPANY, in office of Librarian Entered as of Congress, Washington, D. C. Second Class Matter, March 9, 1928, at the Post Office at New York, N. Y., under the Act of March 3, 1879 VOL. 12 NEW YORK, JANUARY 6, Bank recommended Quotation Record and Bank and Quotation Record is $12.00 CHICAGO be extra. Single copies are sold at the to & Smith, 1 corner and that studied. In cost. OF President Roosevelt liis annual tion" message to Jan. on centered was 4, scheduled Congress interest the new other items to deliver the on during the of Congress. interest "State month ress of Dec. 23 of Harry Administrator, the the this said: review specula¬ and the appoint¬ L. Hopkins, former Works Prog¬ Secretary of Commerce in place of as In furtherance previously announced intention, Homer S. Cummings on Jan. 1 as United States Attorney General and succeeded in that post by Frank Murphy, who resigns Governor of Michigan to assume his as Cabinet office. new While there have been few definite hints Administration program for of national plans to offer in the the coming session of as of way to what the legislative a Congress, the question defense is expected to head the list. That the President would again press for the passage of an executive reorganization bill was indicated on Dec. 9 when he an¬ % nounced that he would the on subject. President will defense which send Reports recommend of are special message to Congress a Dec. on 26 indicated reinforcements unprecedented of that the the national peacetime magnitude. The first official disclosure of what the Administration has in mind in its armaments program came on Dec. 27 when the President announced that plans 20,000 college students annually pleted. The President said which ever and is termed the he in the the training college several mass Civil Aeronautics Authority, which is responsible for the formula¬ tion cost fear of the plan, estimated $9,800,000 that the a year. expansion program a the full would program Ostensibly to ward off the growing Administration the President at that which was contemplating would entail press conference on a defense huge expenditures, Dec. 6 proposed that expenditures for the national defense should be placed on a "pay-as-you-go basis," but warned against the inference,that he advocated or that new paying the bill in the would taxes the program. be year proposed it be don't done know to was incurred, in connection with The President also observed that pump-prim¬ ing and the question of unemployment will not be a consid¬ costs recommended general that about revenues governmental participation Council believes to make Senate majority with the a President particularly, amending Dec. on and 14, what except correcting Representative Rayburn, intimated conference with the President, that the session, aside from national defense, comprehensive revision of them leader, legisla¬ new Likewise Speaker Bankhead and the chief task of the next a the existing laws, Dec. 28, after would be New Legislation to anything House majority leader, on workable more and New some less Deal laws controversial. President conferred with Vice-President Garner The Dec. 17, on but neither would divulge the nature of their conversation. With of regard to the legislative program, it Dec. on 21 that the President will adopt reported was definite policy a leaving the job of drafting bills and resolutions The gress. Congress said report will make that the President's is decision reported to be agitation for one return a surrendered Committee to during on leave to its emergencies. dn The devices own counteracting the expected powers which it With Campaign Expenditures to suggestions" Congress of the the Con¬ to message largely to Congress. Congress of way to President's "affirmative only national matters and leave details the Senate expecting to file a blanket indictment of the present relief system early in the session, and with the Administration in need of a de¬ ficiency appropriation to carry its relief program from 7, when the present funds run out, to the end of the Feb. fiscal year, the first the question of relief is expected to be with which program, The disabled increased what possibility there was for as to "I may On Dec. 5 the President November the he elections of cause intends Deal. did carry that constitute the results of the crushing a this country, the on of ^ Enunciations declared not liberalism in to one Congress will be confronted. Presidential movement hundred colleges 1939-40. year of were com¬ hoped to have the greatest aeronautics undertaken, in full effect in universities for civilian pilots as as Barkley, them if they need it." resigned was W. tion after he had conferred Na¬ hearings before the Daniel C. Roper, who resigned on Dec. 15. of his personally of under Aside from were Alben questioned Temporary Rational Economic Committee ment Senator chiefly upon what legislation would be forth¬ coming from tion, AND FINANCIAL EVENTS / With from provisions becomes the aged insured that the old-age reserve fund could be kept much lower than the estimated $45,000,000,000 in 1980. Spruce Street, New York DECEMBER—COMMERCIAL of mar¬ an of question ,.Qf Council Since Likelihood REVIEW payable in orphans who view the contribute the tothl the person program, Government and would affect future payments of taxes, the Drapers' Gardens, E.G. WILLIAM B. DANA COMPANY, Publisher., William Street be widows insured an expanded one-third OFFICE—208 South La Salle Street. LONDON OFFICE—Edwards the for provided; benefits of $1.00 per copy. f benefits permanently year.* Postage outside of United States benefits supplemented by 50% where there is that persons for $23 in other foreign countries. a old-age be men wife; (except Argentina), Spain, Mexico and Cuba, and The subscription price to the the average years should be increased; that benefits to ried The Bank Central America that NO. 1 t^ie early and Quotation Record Is one of the companion publications of the Commercial & Financial Chronicle and is issued monthly. Terms for the Chronicle are $18 per annum within the United States and U. S. Possessions and Territories; $19.50Un Canada; $21.50 in South and 1939 "liberal program" He made these remarks in the blow to and indicated that course of the New of his address before the student forum at the University of North Caro¬ Instead of devoting his speech to lina. foreign affairs, had been faith in expected, expressed as his democracy and said that the people of the United States could best strating the president repeatedly serve the cause of world peace workability the of. democratic by demon¬ institutions. The President said: It is only the unthinking liberals in this world who see nothing but slowing up or temporary stopping of liberal progress. It only the unthinking conservatives who rejoice when a social or economic reform fails to be 100% successful. tragedy in the is . eration in now whatever program is recommended by the groups studying the defense question. Other cluded Changes Proposed in Social Security Act Adding one more visory Council on item for Social of the Social Security made public expanding the system to . population, and for program and an cover a Dec. 18 program, for larger proportion of the improved method of financing the handling the necessary funds. on the scope of the benefits Security Act's old-age insurance of the President during the month in¬ : A message to the American Farm Bureau Federation con¬ Congress to consider, the Ad¬ its recommendations for enlarging activities The Council vention at New Orleans on Dec. 13, stating that "I vinced that the 1938 Agricultural in am con¬ Adjustment Act is sound principle; that the 1939 farm program formulated under this Act crop years," and that "a diligent study" be made "to deter¬ mine if . . .* can additional be put legislation depressing surpluses." into is operation needed to for the reduce 1939 price MONTHLY REVIEW 2 Authorization istration the NLRB which may be insured by state in aggregate limit to $3,000,- the raising thus agency, Federation of Labor affiliate, and at the same $1,000,000,000 the amount of out¬ by standing principal of mortgages the ternational Brotherhood of Electrical Workers, an Housing Admin¬ Dec. 13 to the Federal on increase to decision A six-to-two allegedly eligible for public assistance those rolls its The activities of the other court included: Progress Administration in dismissing action of the Works from is sup¬ the company's • power of some interstate activities. plied to Moore of New Jersey endorsing the letter to Governor the company is intra¬ that although character, the Federal Government has competent jurisdiction because 000,000. A contention American time-upheld Lloyd L. Gaines, 12 unholding the right of Dec. on Negro residing in St. Louis, to be admitted to the University of Missouri Law School unless the State establishes a law school at Lincoln University, a benefits under the ' Security Act. Social a Inquiry into Monopolistic Practices "prologue" to the hearings of the Temporary National Committee Economic mittee about With industries. economic Thorp, Committee, Dec." 2 on ment investigation tends to exist, industries tha.n by it consisted more generally is what tion their which industry makes use of their loaning . royalties for the use of the patents of parties to a cross- bers of the Automobile Manufacturers are licensing agreement and under which the parties interchange freely all automotive patents held by any of use members of 1930. as the for to come upon anyone "revolu¬ a tionary" invention; and that even if there were no patent laws, General Motors would devote just as much its Hearings activities. research on The committee industry were opened on Dec. 13. the glass the concluded first phase effort to use*of patents in the 16 as it of its inquiry on Dec. bottle devoted completed hearings on the use of patents in the glass The first part of the investigation was industry. principally allowed or expected that question the retain to production the to whether should be patentees to impose restrictions power as to It is time after price in any license they may issue. hearings will resumed be some Requests for information on price and distribution Jan. 10. policies have been made to some 60 steel companies by the committee on Dec. 30. from the monopoly investigation, portant anti-trust development indictment on Dec. 20 by a of the American of the District Medical of most im¬ during the month was the District of Columbia grand jury Association, the Medical Columbia, the Society Washington Academy of Surgery of Washington, the Harris County Medical Society of ington as participants in alleged unlawful combination and conspiracy in restraint of trade. Supreme Court Decisionj a decision of the Supreme Court part) on (technically Dec. 5 in the Consolidated Edison Co. case: the court overruled Co. and its part of a NLRB order directing the Edison subsidiaries to abrogate contracts with the In¬ haul of clause Interstate the of all railroad reor-and the ICC of reor¬ to handle Court Federal Federal the District Courts The committee's to ism in of some had led creation the of call the whether its 3. the committee that more evidence chief interest rejection the more in committee the of members secure urged funds with which to hear activities TVA on doubt. by Congress to report by be continued would instructed was Republican of thus leaving the question Chairman, investigation committee The Jan. investigating the subject committee adjourned on Dec. 21 Valley Authority Tennessee beyond the ability supports Valley Authority congressional joint others" over because "it has resulted transportation facilities of Tennessee The to of transportation modes the traffic of the country to of the "governmental favorit¬ report said that "wasteful competition" to ICC approval. present requirement for the without railroads Reconstructive Finance Corporation to lend to authorize the Legislation to with cambers I Board. portation consolidation plans to give initiative for approval of the proposed new Trans¬ ICC present the to than other power. Of during the hearings of; the past month was Dec. 12) (and again on Dec. 7 on by J. A. Krug, chief power planning engineer for the TVA, of the Willkie, Wendell of proposal wealth & Southern, that the mission asked be to fix a fair price the Tennessee Electric Power Mr. TVA. the Mr. Krug, Willkie's the President of the Common¬ Securities and Exchange Com¬ Co. as a for the purchase of complete system by speaking for the TVA Board, said plan was "visionary," "impracticable," Other disclosures at "unworkable," &c. hearings were: « j of $3,156,852 if present power rates are maintained when all seven dams are in service. An admission by Mr. Krug that the, TVA power business was $1,000,000 "in the red" last fiscal year, figuring interest and depreciation, although, it would make a substantial profit on the same accounting basis this An assertion by Dr. Arthur E. Morgan, deposed Chairman year. Hearings • Dec. 5 that the TVA will operate at an annual deficit of the Authority, fiscal on Most of by Senate Finance Committee on the witnesses Subcommittee "Incentive Tax" appearing before the Senate which is conducting hearings posals for so-called "incentive and six-to-two, because Justices Reed and Black concurred only in the of Repeal nance The National Labor Relations Board met both defeat in recom¬ forms . single a relieving consolidations Houston, Tex., and 21 physicians of Chicago and Wash¬ victory of "over-simplified," the all for ganization jurisdiction. that Indictment of Medical Societies Aside regulation long-and-short so-called the Officials of the General Motors Corp. Knudson, President of the company, declared that it was impossible committee the none, of important of the other recommendations were: of ganizations, appeared before the committee on Dec. 6, and William S. virtually Declaring 23. more both and the mem¬ and borrowing of patents; for favors centralization Establishment the patent system: others; the Packard Co. operates on the royalty basis in Dec. proposed the creation of a new Transporard. grants royalty-free license to anyone who asks for them and pays no on Commerce Commission Act. Iteeves, general manager of the Automobile Manufacturers the Ford Co. special the Repeal Association, told the committee on Dec. 5 of the three ways in President the need was a definite national policy pro¬ and the)inquiry, President of tkerTackard Motor Car Co., and Alfred ley, to The President of the Ford Motor Co.; Alvan Macau- Edsel Ford, rejected by the special Emergency completed its work and presented its Board transportation under the Interstate Commerce Commission activity had been halted, and offered a list Opening the hearings on the patent phase of and mended "monopoly." adjustments designed to help correct the situation. of study legislative viding for impartial regulation of all modes of transporta¬ Mr. Henderson told the committee that the growth of Amer¬ ican economic railroad manage¬ appointed to after their request for a 15% reduc¬ in wages had been recommendations of control of considered to be generally production and sales costs of on special committee of that the important relatively small groups of unrelated houses by the producers executives labor Fact-Finding the national aspects of various of has the coal President's and tion Dr. Thorp said that where monopolistic practice economy. hear arguments on whether the National power to force into public hearings 19 agreeing to Commission by the Nation's carriers prologue was terminated and the committee launched into a detailed Coal proposals looking towards the alleviation of the plight of the three-day respectively, in Railroads of the Secretary Executive 3, and Loan Corporation, the Home Owners' receipts. The Com¬ the Department of to adviser to sit-down a Steamship Co. 19 of the question of whether New York Dec. bring can Dr. Willard the appearance of Henderson, Leon and merce, family per general and regular increase in the output of the a Nation's L. consumption conducted Recommendations of President's Special Committee on population growth only a declining rate of increasing constantly Dec. on .submitted their and had City. An order data who & Occidental income tax upon the salary of James B. O'Keefe, attor¬ an Government agency, a the NLRB sought in which case a seamen Peninsular of the vessels levy Bituminous American control over 145 York New At the opening hearing Dr. Lubin said that be¬ of, the cause financial and in power industry." reopen may for ney charged with inquiring into "the concentration of' s economic to of Dec. on two Granting of a review on The "Monopoly" com¬ $132,0001)00,000 in national income. on State of 1930-38 has been that the Nation's bill for the depression the strike 1 when Dr. under way on Dec. got force Lubin, Department of Commerce economist, declared Isador 12 reinstatement refusal A The institution. Negro Fi¬ on pro¬ taxes" designed to encourage profit-sharing with employees were of the opinion that such reductions in Federal taxation would be the best possible stimulus for business. After hearing numerous witnesses during the month, the committee on a formula ment and of Dec. 15 started to draft profit-sharing designed to stabilize employ¬ guarantee old-age retirement funds for workers in the Nation's 10 of The committee's largest industries. proposal, which, it is understood, will take the form of a recommended 3 MONTHLY REVIEW Jan., 1939] plan industry rather than for legislative a Mr. Bloom, who has conducted hearings for a period tested. 10 of months proposal, will provide for joint contributions by employees to employers to irrevocable trust fund to be set up an retire¬ by each participating firm which will be used to pay Senator Vandenberg, a member ment benefits. of the com¬ mittee, however, said that he would also press for the sub¬ incentive of stitution taxation Government with business in behalf of economic recovery cooperation and spending. Government for He said that incentive taxation was the "key to Acting\Controller General Rules Against Loans for Hosiery Manu¬ facturers—Advises Wallace Secretary Relief that the allotted of funds use to Security Farm the and dated Dec. 6, Secretary of Agriculture Wallace, to made In a 19, Mr. Elliott stated that there is public Dec. nothing in the Emergency Relief Appropriation Act "which activities, including industrial enterprises in com¬ all and C. Daniel rural rehabilitation clients of the FSA." or Roper Resigns Roosevelt Names Harry L. Hopkins as New Secretary appointed Secretary of Commerce on was 23 by President Roosevelt to Dec. whose Dec. announced resignation, succeed Daniel C. Roper, Dec. effective became 15, Hopkins's appointment to succeed Mr. Mr. With 23. Roper the President at the same time designated Colonel C. Francis Harrington Mr. succeed Acting as Dec. 24 Mr. Hopkins was sworn in on Dec. at the White House in the presence of office of President Roosevelt. administered by Associate Supreme was The NLRB Com¬ of the Interstate Caskie M. became Commission Chairman the Commission, of succeeding Commissioner Walter M. W. Splawn, on Jan. 1. The members of the Commission basis annual The order Douglas reaffirmed to Workers' serve Chairman as Commissioner Caskie, by rotation. the erable Member of SEC—Resigns as in C. Edward was in sworn Commission as when tion the new from bership an on work strike, Representative former Iowa, from member of the Securities and Exchange Following this, Mr. Eicher resigned His term would have expired Congress. His resigna¬ National Economic Committee, "monopoly" committee. Mr. Eicher Act regulating Maloney markets—measures administered by pointed Commission the to active was over-the-counter the SEC. He was ap¬ Roosevelt President by R. R. Clarke Named Deputy Governor of Clarke, Vice-President and FCA of the Mr. Clarke, who will assume his new F. F. Hill. York New Farm Mortgage Corporation, vision over the two units having super¬ the Farm Credit Administration's Steel Corp. Dissolve Representation Plans—Statement Frank Bloom, trial examiner by Eugene C. ployee the Bethlehem representation plans. 27, recommended disestab¬ Steel Corp. In a of nine reply to of its this a ment be that the Board's findings would em¬ report, Eugene G. Grace, President of the company, issued indicating mortgages any on Dec. 6 was un¬ York City, the Savings Bank of New Central Messer, owner by the properties in¬ and Fanny of Housing and Buildings. in curred Chief Judge which was con¬ by his six associates. Court York of Upholds Appeals Employeij in Suit Against Walkout Called Despite Union—Sustains Action for Damages in York New The the right of an / State Court state¬ con¬ Appeals, of in opinion an by Judge Harlan W. Rippey, sustained employer t6 sue a labor union in equity for damages arising as a result of a strike called in violation of contract in which it a lockout. was The agreed there would be neither made by ;Nevins, strike nor Inc., restaurant in Brooklyn, N. Y., which accused a wait¬ a ers' waitresses' and complaint was union of violating The court did not specifically strike. not to contract a rule, however, on the enforcement of union contracts outlawing strikes and lock¬ The outs. from ruling, according to Associated Press accounts Albany, reverses one by the Appellate Division. Illinois Appellate Court Prohibits Picketing Strike or strike or Is Dispute a in by Outsiders When No Progress—:Decision Unanimous business by outsider^ is illegal if there is controversy in progress, according to a unani¬ ruling, Dec. 22, by the Illinois Appellate Court, which mous pointed out that the State Legislature has never amended Labor State the Injunction law to allow such picketings, approved in the Federal Norris-LaGuardia Act adopted as This type of picketing has been A. F. of L. sustained in sev¬ States, including New York and Wisconsin. Contract Ratified by New York Hotel Association and Employees Hotel ratified a Association of New York City on Dec. 28 union agreement with the New York Hotel Trades Council, composed of six locals affiliated with the American Federation of Labor. of the National Labor Rela¬ tions Board, in a report on Dec. lien prior a Frederic E. Crane wrote the court's opinion, The farm mortgage field. Grace, President of Company by Granting Prior State's multiple dwelling law, making lending activi¬ Examiner Recommends that Bethlehem lishment Held Unconstitu Law Voids Section The ruling was handed down in a test case Commissioner as eral other Employee Housing of Appeals volved, against the City of New York and Alfred Rheinstein in 1932. operations of the Land Bank Division and the Federal Its available, the Board directed improvements to old-law tenement houses in City constitutional. duties in Washington about Jan. 1, will be associated with ties in the long-term Crops regulations forbid aliens none were State Court of Appeals decided on part of the a the NLRD If State Multiple Court assessments for no Secretary Deputy Governor- of the Farm Credit Administration by Governor It directe Automobile Improvement Assessments on The New York that on Federal Land Bank of Columbia, S. C., wras named on Dec. 5 a United preferential hiring list. a York of New Lien eligible. was tional—State Picketing of R. refrain to the in Organizations affiliate, which from recognizing the Aircraft Workers' Industrial alien striker because Army Air an for which he Part Nov. 29. Rufus and handed down Dec. 9 Congress convenes in January. the membership of ... that he be placed on Representative as Congress the Temporary and Congress a "No Strike" Agreement adoption of the Public Utility Holding Company Act 1935 of of withdrawn after the was native a Congress automatically removed him from mem¬ on the so-called in the a Dec. 2. on member a Eicher, as either rein¬ working in plants making military planes, the NLRB said he should receive transportation experience in the South. £. C. Eicher Sworn in were dismissed charges that but strike, respect to the Douglas contention that it should not be required to reinstate to the Commission in 1935 after consid¬ came others, who for 13 the previous decision which a discouraging cease Union, Union, Inc. New of Virginia, pay after discriminated against 46 employees for alleged union activities. the company Institution merce jobs new Emigrant Industrial Savings Bank, the Dry Dock Savings Caskie Elected New Chairman of ICC Marion back directed also accepted or brought by Court Justice Reed. Commissioner Under date of 1937. strike of February, 8, United Press advices from Washington said: stated W^A Administrator to Assistant WPA Administrator and Mr. Williams a Deputy The oath the order was an outgrowth forcible detainer"; commit to of the "sit-down" Colonel Harrington was an National Youth Administrator. WPA Administrator. with back pay, including 11 who the California State Courts for "conspiracy fined by were of Santa Monica, Calif., was the National Labor Relations Board on Dec. 8 appointed Aubrey Williams as and Hopkins, Employees of Douglas Aircraft Co. Ordered by reinstate 32 employees to In Administration, "We National Labor been declared by the Douglas Aircraft Co. ordered by called Harry L. Hopkins, Administrator of the Works Progress . Act." Supreme Court's decision in the Kansas^City Stockyards case. Commerce—President of Secretary as fundamental." is NLRB—Order Issued Incident to "Sit-Down" Strike. petition with private industry, which may be engaged in by .—associations choosing own "recognized that right for over 20 years; Reinstatement of 32 be construed as authorizing its use for loans for any may their only recently has it The Administration for the construction of hosiery mills. letter of sentatives have," he said, Were Not Intended for Industrial Enterprises tions proved organizations for collective bargaining omd to select repre¬ Appropria-. Acting Controller General Richard N. Elliott has disap¬ of our employees to form their own "the right that clared organizations of their own assist labor or In his statement, issued Dec. 28, Mr. Grace de¬ choosing. Relations welfare." common join form, also recommended that the interfering with the^rights of its employees compapy cease and Labor alleged violations of the National on Relations Act by the company1, Trades which Council is on expected The members of the New York Hotel Dec. to employees in 160 hotels. months of negotiation, men for as 29 affect also ratified immediately the agreement, 30,000 of 60,000 The agreement is the result of 10 and was described" by union spokes¬ designed to bring peace to the local hotel industry the~"Th*fct time in 60 years. / r 4 MONTHLY REVIEW Strike of Meat Handler&Jin New York City Ended—Packing Com¬ panies Recognize C. I. O. Union The strike of meat handlers in New six-day Strike Sole Bargaining Agency as against the large packing houses was ended as in a result of intervention by John L. Connor, conciliator for the United States Department of Labor, who directed peace efforts between Board had failed to bring about ers because of the fact that labor agreements, it was stated, had to be decided by the central offices in Chicago. in two of ment departments of the plant for day wages instead rates. At the start approximately 6,400 Fisher employees of line and 3,000 workers General the the settlement the U. Motors Buick on the final assembly division Flint at were affected. Union, The Congress a of were Cudahy Packing Co., and Wilson & Co. settlement the The group Federal official sole as appreciation New York said bargaining the of "Times" the the for C. handlers. He expressed both sides in 0. I. Stern, Eastern representative Organizing Committee of the C. I. 0., of the con¬ Packing Workers House told reporters .that the recognition accorded the union by the "big four" represented a victory for the striker-s. He said the call to vote the off strike pending negotiations for contract a "virtually unanimous." was Agreement A five-day trucking strike which threatened to tie up shipments within New York City ended on Dec. 12 as a result of intervention by Mayor LaGuardia and the New State Mediation employed Presidents' Board. at long-distance Platform truck and checkers men freight terminals partici¬ pated in the strike, which wTas joined in a sympathy walk¬ by 1,000 out-of-town truck drivers, virtually paralyzing "Times" The It a 13 of Dec. is agreement provides for a we be to day for the first 10% provision certain The week, months, until Sept. 1, with arrangements for was $4.80 employers originally had offered the period. covering A for payment scale of $6.50 a a paid under the day for previous for Y., Ended in Buffalo, N. Y., which had two days, ended 21 Dec. on Buffalo advices of Dec. 21 had the following to part: ' ' Membeys of the of the American Warehouse Federation Union, voted to accept their . representatives Edward F. and the Murphy ProducV^Wgrkers' Labor-affiliated drawn agreement an of Food closed a The warehouse shop, at in Western New were pay April unit a Teamsters' today by York. the of effect until and 558, conference a Vice-President seniority rights workers, it is stated, Local International up Industry of Cleveland, explained that the agreement would be included say, , and of Southeastern 1, 1940, and increases. guaranteed a 40-hour week. to Work, Ending Strike Employees of the Chrysler Corp. factory in New Castle, Ind., to the number of 3,600, returned to work on Dec. 5, ending The strike a plant which had closed was because been in of progress since dispute a Dec. between 1. the United Automobile Workers of America, the American Federation of Labor. The C. O. I. time in January, to all 98% of the plant's employees are its members and that it was seeking 100% organization. Representa¬ tives of the Die Sinkers Union said that negotiations on the question of affiliation of their organization with the C. I. O. would be continued further. W. Members Repudiate "Sit Down" Strike of 300 Workers in Kenosha, Wis-, Plant of Nash-Kelvinator CorpThe unauthorized strike of 300 workers of the Kenosha, Corp., who went on a "sit-down" strike Dec. 1, forcing approximately 4,000 work¬ ers into idleness, was repudiated on Dec. 3 by a vote of local roads In fares reduced on the sit-down sit-downers Union any the The an and union of responsible Associated Press Kenosha that it had received penalize members responsible for any assurances responsible for from the local the, unauthorized future unauthorized strikes. The increase in the piece-work rate. officials company the committee. It dispute was of the last that started night and reached Thursday announced that any [Dec. an 1]. company grievances would on Dee / t & Ohio, already have announced New the long World's York Fair, low of advocate an a Southeastern the date basic 3.6c. roads came iy2C. and the Western roads to 2c. The Eastern roads retained the 3.6c. fare until the Commission's order Intergovernmental Debts unchanged situation can be reported for Decem¬ ber with respect to the intergovernmental debts resulting from the World War and its aftermath. Notices were sent Only an the State Department early in the month to the 13 European governments that were scheduled to effect pay¬ by of principal and interest in accordance with freely When the payment date of received from Finland in full payment of the $232,935 due from that country, while Hungary made a payment of $9,828 in observance of the proposal of that country for a new settlement intended eventually to repay the United States for the precise sum advanced, without interest. The care observed by the two Dec. 15 settlements. debt funds appeared, were countries with regard to their commitments usually is con¬ fatt that the American advances in both sidered due to the cases after made were actual the war ended for famine relief. merely continued their complete defaults and their complete dis¬ regard of their pledges. It is fairly evident that the other large defaulters look to the British Government for leader¬ ship in this matter/and interest therefore centers in the British attitude. The note from London, however, merely reiterated that discussions will take place "whenever cir¬ the cumstances war are led by debtors, such as to warrant Great Britain, the hope that a satis¬ factory settlement might be reached." Other complete de¬ faulters are France, Italy, Belgium, Poland, Czechoslovakia, Rumania, Yugoslavia, Estonia, Latvia and Lithuania. United States and Turkish and Turkey ing of tive a Trade trade negotiations between the Protracted were United States ended at Angora, Dec. 18, with the initial¬ commercial accord, which is to become effec¬ new in January, 1939. This treaty is said to be the first of a series contemplated at Washington with countries of the Near East. The accord with Tui'key has some interest¬ ing implications, not the important being the proof least some of the smaller countries are beginning to find most attractive the free exchange available in the supplies that United States, along with an absence of quota and clearing impediments to trade. Terms of the new treaty with Tur¬ key are to be disclosed only when signatures are attached, but it already is clear that some tariff concessions are and made unconditional that to remain is in effect. most-favored-nation treat¬ significant comment is The in dispatches from Angora that Turkey has turned toward the United States for imports, owing troubles that clearing agreements occasioned in trade increasingly to the some- other countries. able balance of of heavy trade a In consequence, the large favor¬ formerly enjoyed by Turkey because tobacco shipments to the United States now has developed into an approximat e balance in the traffic between "In negotiating for the new agreement," dispatch to the New York "Times" remarks, "it doubtless one of Turkey's concerns to recover some of the advan¬ was tages she once enjoyed through free Nash plant in Kenosha and exchange." / atmosphere, delegates of the 21 American republics gathered at Lima, Peru, on Dec. 9, for the Eighth International Conference of American States. In The a somewhat surcharged deliberations resolutions, 5. from Pan-American Conference 2,600 employees of the Seaman Body Co., Milwaukee, Nash-Kelvinator subsidiary, who had been made idle because of the Nash plant strike, returned to work approximately of the business the New to through usual procedure. 4,000 workers some 1933, all the railroads had that the two countries. met made in the agreement between the wages was and 1, On fare. down with for settlement of mention bh- handled one sought leaders agreement No would union and .men agreed to withdraw its order said: The corporation announced that On Dec. 2 the company discharged the 300 Dec. 3 pending negotiations. advices of Dec. 3 and Dec. 5. of work, but effective probably It applies Mississippi and south of the Ohio to regain to Dec. Before coach ment it had The lowest fares, is known to be eager for a general reduction if the other Eastern roads will join it. granted that the the announcements said. the Baltimore the while voted to return to work announced of east attempt an members of the United Automobile Workers Union, an affili¬ ate of the Congress of Industrial Organizations. The union for the cessation establish will York Central and the Pennsylvania it Wis., plant of the Nash-Kelvinator on from the 2y2c. rate. soon which and Potomac Rivers. union claims that U. A. Southeastern indication that the Eastern roads reduction, a Congress of In¬ dustrial Organizations affiliate, and the Die Sinkers Union of an railroad fares in the country, will become All teamsters, Employees of Chrysler Plant in New Castle, Ind., Return 3,600 as make reductions negotiated when 600 warehouse and produce workers voted to return to work. Regarding the settlement of the strike, Associated Press of 6. a contract. increase of 16 2/3%. pay a The strike of food handlers in deliveries quarters some ments food railroads, acting through the $5.50 Two-Day Strike of Food Handlers in Buffalo, N. curtailed Dec. 1940. and checkers of men $0.50 for the rest of day/and compared as 21 platform included. was on of 1936. for the months and eight-hour an effect for original demand of the union 40-hour The for holidays quote: in scale wage President Martin, Conference, also might out long-distance trucking to and from the city. Long-distance trucking returned to normal Dec. 13. From the New York Homer by voted on Dec. 16 to reduce daycoach fares from 2c. to lM>c. a mile. The action was seen some Five-Day Trucking Strike in New York City Settled by Compromise York Southeastern • in the negotiated A., and returned to work Southeastern Roads Cut Coach Fares stated: the by shown spirit" 18 recognized meat A. W. Regarding the Dec. had companies agency "friendly of ferences. Meyer On Dec. 5 the members of Flint Local 581 voted to accept Organizations affiliate. Swift & Co., Armour & Co., Industrial companies involved the - Congress of Industrial a piece-work The strike, affecting, it is estimated, 1,000 workers, was called on Dec. 12 by Local 035 of the United Meat Workers • America, Organizations unit, in a dispute over the demands of work¬ settle¬ a Workers of Automobile packers and strikers, after the New York State Mediation Fisher Plant in Flint, Mich., Ended at the strike at the Fisher Body Plant No. 1, Flint, Mich., was announced on Dec. 5 by the General -Motors Corp. The strike was called on Dec. 2 by the United York City Dec. 17 on Settlement of of ended which on Dec. 27 with a two were significant. long series The two of un- ^ MONTHLY EEYIEW Jan., 1939] usual declarations, adopted unanimously, were a sort of notification to the rest of the world of American solidarity. It is of lution that "the peoples of America have achieved spiritual unity through the similarity of their republican institutions, tribute to the patience and persistence of Secretary Cordell Hull that the conference ended with an a their unshakeable will for peace, their profound sentiment of this matter, for a good deal of disunity prevailed enc to the principles of international law, of equal sover¬ eignty of States and of individual liberty without religious State accord on at times, and during the second week of the. gathering it appeared unlikely that much progress would be made toward Mr. Hull's aim of achieving the solidarity state¬ ment. Differences finally were ironed out, and a compro¬ mise fori&ula fashioned, which was supplemented by a dec¬ laration of American principles, which sets forth methods of amicable international relations in all spheres. The real worth of the two statements may not be known for some time, however, as there is no immediately foreseeable occa¬ sion for testing the declarations. Secretary Hull headed ican countries likewise sent recognized in advance high-ranking officials for what as important gathering. an It well understood that Mr. Hull would try to weld all of was American the republics together, in the face of aggressive propagandizing by German, Italian and Japanese authori¬ ties and agents. The settlements of European and Asiatic nationals like countries in racial prejudices." On the basis of such principles, the "they seek and defend the peace of the continent and work together in the cause of universal con¬ or Declaration Brazil utilized being were said, cord." The preamble further stated that "respect for the personality, sovereignty and independence of each American constitutes State tained tinental maintenance based; of second, foreign common armaments their Latin such America. lines actually conference that To 'began all made was Lima. at intimations Just before given were the Washington at plans were under consideration for lending funds to Latin American countries of little progress along appearances through Washington, and it also of the swollen United States for the benefit of hinted that redistribution was gold stocks might be attempted countries south Whether such hints influenced ments also appears the Export-Import Bank of Rio the Grande. Latin American the govern¬ unlikely. sustained and by new principles, the 21 American republics "First, they reaffirm their con¬ principles upon wrhich said solidarity is faithful to the above-mentioned prin¬ that intervention the include has ciples and to their absolute sovereignty they reaffirm their decision to maintain them and defend them against all any to sus¬ solidarity and their purpose to collaborate in the In advance of the Lima meeting, Mr. Hull indicated that efforts might be made to extend States which applied were On the basis of such target for charges. United order historically international solidarity, declared specifically that: the the that agreements third, and in of of essence declarations and by treaties in force." especially for disseminating doctrines that are foreign to the Americas, and the United States, frequently was made program the continental by found expression in the declarations of the various States, or in impressive United States dele¬ an humanity and tolerance and through their absolute adher- gation to the Lima conference, and all of the Latin Amer¬ was 5 of American any nature them; threaten may and their determination concern coordinating to make effective sovereign respective their of the procedure of consultation established means by the conventions in force and American may republic is thus threatened by acts of impair them, they proclaim their that solidarity, will by that activity or the peace, security or territorial integrity case by declarations of inter- conferences, circumstances may using measures that in each case make advisable." The Declaration fur¬ ther set forth the understanding that the governments will independently in their individual capacities, recognizing act fully their juridical equality to facilitate as sovereign States. In order the consultations, it was added, the Foreign the American Republics, when deemed desir¬ Ministers of able and at the initiative of any ton Nothing was said in Washing¬ to ruffle tempers in the many dictatorial countries of the Americas. character. It made of the was would seem, moreover, that 110 mention expropriations of American and British oil lands, although the protection of such American interests well might occupy the State Department more seriously several their capitals of them, will meet in one by rotation and without protocolary Having achieved this compromise, the delegations late Saturday agreed upon another statement that was pro¬ posed by Secretary Hull and that is regarded in some quar¬ last than has been the case in recent years. Dollar bond de¬ faults by Latin American governments also appear to have This "Declaration been avoided, as a topic of discussion. need for Immediately upon his arrival in Peru, Secretary Hull began to breathe a spirit of most intense goodwill toward all of Latin America. After effusive praise of his hosts, the Secretary launched into a description of the inter- tions among nations and adds that each State is interested in the preservation of world order under law, in peace with justice, and in the social and economic welfare of mankind. American order of and recommended the "peace, confidence and consideration for the welfare of all its peoples," and he urged that 110 effort be spared to consolidate the gains made and to assure tinuance opened vides, con¬ of our American system. The conference was Dec. 9 by the Peruvian President, Oscar R. Benawho steered an adroit middle course between ex¬ on tremes of opinion 011 political matters. On the following day Mr. Hull issued his anticipated call for united resist¬ ance to any Power or combination of Powers that attempts an armed invasion of the Western Hemisphere. The Argen¬ tine Foreign Minister, Jose Maria Oantilo, endorsed the declaration 4>y Mr. Hull, but warned that his government could not very well abandon consideration for the European countries that afford ucts. Keynote delegations for and in the carried 011 large so addresses a could market for Argentine prod¬ continued by the various week after the opening of the gathering, meanwhile intensive private consultations were in the usual manner of international conferences. Attempts to formulate all a were subscribe not were deed, the difficulties declaration of solidarity to which a made immediately successful. it appear for a time while peace, a willing to of some in good Nothing that representatives, statements customers sounded like that of however, would the give country were to Europe. military alliance would he said, and produced a mild draft of their along solidarity lines. The differences finally were •straightened out just before the a acceptable, they own, meeting Dec. 27. adjourned on Altogether, some 110 resolutions were adopted in By'far the most important of these was of Lima, which was intended to evidence the final session. a Declamation the of solidarity of the 21 American republics, and which the claimed countries as laration the south of successor the of Rio Grande promptly the Monroe Doctrine. A some pro¬ Dec¬ of American Principles, presented by Mr. Hull, adopted and follows the Declaration of Lima in importance. The scores of other resolutions dealt with also was relatively minor matters of international cultural relations, health matters and similar items. All the more significant problems carried over from previous Pan-American confer¬ ences again were referred to the net meeting, which is to place in Colombia in 1943. The differences of the delegations as to a Lima declara¬ tion were not easy to satisfy, but the unremitting endeavors of the various groups were crowned with a take unanimous of reso¬ republics thereupon State in the internal any as eternal affairs or by peaceful instrument of national an supported "(1) The inter¬ of (2) all differences of international character should be settled of force proclaimed, following principles: another is inadmissible; (3) the means; use international policy or is proscribed; (4) relations between States should be gov¬ by the precepts of international law; (5) respect for erned and the faithful observance of treaties rule pensable between the for development States, and treaties constitute the indis¬ of peaceful relations only be revised by agree¬ can of the ment contracting parties; (6) peaceful collaboration representatives of the various States, and the de¬ velopment of intellectual interchange among their peoples, between is conducive to understanding by each of the problems as of problems common to all, and makes more readily possible the- peaceful adjustment of international controversies; (7) economic reconstruction of other the an well as contributes to national and international as to peace mentioned un¬ offense in vention the that warning to possible disturbers of American delegations were inclined mostly to join the American is other The Argentine agree. The greatest accomplishment of the Lima gathering. of American Principles" sets forth the keeping alive the fundamental principles of rela¬ In¬ gathering might end without even a statement along such lines. Secretary Hull desired a solidarity statement that would include ters as the a nations; among condition necessary well-being, as well international cooperation (8) to the maintenance of the afore¬ principles." Needless to say, every effort was made at Lima to depict the twin declarations as evidences of enduring peace, and solidarity, and as warnings to European and Asiatic dicta¬ torships against any encroachments in any sphere. Some: thing of this note crept into the formal speeches that marked the closing ances on were Dec. 24 that declarations their sessions, but in general the public utter¬ Secretary Hull declared restrained and modest. the "their American principles against ference." It nations determination any to would maintain intervention or state and in the defend outside inter¬ safely be said, Mr. Hull added, "that the principles of conduct upon which the countries of this hemisphere have chosen to stand firm are so broad and essential Solemn least, can that all the assurances international world may also stand upon them." given that in this continent, at relations are not governed by force. were Dr. Carlos Concha, Foreign Minister of Peru and President of the Lima Conference, brought the meeting to a close, Dec. 27, ments been with and reached solidarity. more a speech in which he lauded the accomplish¬ the delegations that a new epoch has assured by the Americas in At stated a his banquet, late the faith in the their same quiet evolution towards day, Mr. Hull interchange of once views equals, and expressed his conviction that all Amer¬ republics will, strive to carry out the principles pro¬ claimed at Lima. In Washington, on the same day, Presi¬ dent Roosevelt voiced the opinion that the Lima gathering among ican was a great success. . - MONTHLY' REVIEW 6 to Mexican Good Neighbor , desire to collaborate. of the United States. Mexico, however, carries out in a crude manner that even Mr. Hull has been forced to describe as bald confiscation. series of acrimonious note exchanges, After a long Mexico finally agreed payment over a period of 10 years for agricultural expropriations that are estimated to involve upward to effect land of $10,000,000 and that stretch back a quarter century. in December these expropriations were continued through the seizure of an $8,000,000 American-owned sugar and vegetable plantation in the State of Sinaloa, for which compensation is to be made along the lines of the previous accord, or over a period of many years. Immediately suc¬ ceeding this incident came news that Mexico had arranged to make immediate effective payment for Italian-owned Early agricultural properties that were expropriated a few weeks earlier. ' discrimination The manifested Mexico in given further was emphasis in approximately at $450,000,000. valued wells against United States interests thus the given the oil from American- and British-owned treatment usage for such The Mexican expropriations that international law and It require. seems, moreover, in Mexico exists cern of the oil which was early with It was reported that Mexico had made a barter agree¬ in December ment that no particular con¬ City regarding the use to be made "baldly confiscated." Germany, whereurider some $17,000,000 of the "expropriated" oil would be exchanged for the equivalent in German during wares 1939. Clearly enough, Mexican imports from the United States will suffer from any such The report of the agreement never was denied, accord. has also been there and ments that Mexico contradiction of further state¬ no plans to sell $8,000,000 oil to the German that the Italian Navy like¬ wise is to be supplied with oil from wells owned by Amer¬ icans and Britons, but seized by Mexico on flimsy pretexts. Navy. It appears, and Berlin moreover, area unquestionably Rumania seems to be offering path thorny. was more resistance of fascism than had been expected in the German brand to A group of Rumanian fascists with German lean¬ Berlin. ings was exterminated near Bucharest, early in December, reported ground that they were .trying to escape This was accepted everywhere as a sign that the on from custody. King Carol still was uncertain as to whether he would join with Germany or Russia. If Rumania stands in fortunes the Nazis will German the way, find their path to the Russian Ukraine that much more difficult to negotiate, but easily possible that the Rumanian stand merely reflects desire to bargain with the Reich, for military resistance it is a is not started in December, nationalism was Since backing. man From Ukrainian centers in intensive campaign of Ukrainian likely to be successful. . Eastern Czechoslovakia an there are obviously with Ger¬ many Ukrainians also in Poland, there was a tendency for Warsaw to take a more On Dec. 20 an agreement of Polish-Russian trade was signed. friendly attitude toward Russia. for expansion vast a Among the European possibilities thus is a bloc composed Russia, Poland and Rumania, intended to halt the Ger¬ of eastward. march man Western For Franco-Italian that for poor the after mend years, but fhey seemed about to Munich compact, for Ambassadors finally several appointed on either side, and the hope existed that of non-aggression pacts might be extended to were the cloaks. it been Europe the chief item of interest was the and the actual Italian demands ^Relations between France and Italy have incident, system include French The Paris between one and dispelled by the demands rudely Rome. Such hopes were of the Italian Deputies. registered an emphatic protest on Dec. 3, but the Italian Government Government Italian with the press merely proclaimed that Italy "is ready for anything ready to march, if necessary, against France." The clamor continued and evoked derisive counter-dem¬ and is Italian onstrations, in which French students called for Venice and for the return of Ethiopia to its Emperor. Premier Edouard Daladier declared publicly European Accords and Dissensions and into the Russian Government busy in the attempt to augment its influence, but found the Government could not possibly make the "effective compen¬ sation" Rome while the Reich attempts to stretch German The Ukraine. It is, affair, intended to work solely for the benefit of others at this program between the Danubian its tentacles over indeed, most evident that all of America south of the Rio Grande regards the Good Neighbor policy as a one-way the expense understanding Northern Africa, and at Lima, to augment the Good Neighbor policy of the Roose¬ velt Administration toward Latin America, it can hardly be said that Mexico shows any reported the that Italian interests will be centered in the Mediterranean State Cordell Hull did his best, Secretary of Although on Dec. 5 that France is resolved "by every means" to assure the absolute integrity Italian £of all French territory. The crisis took a turn for the worse stirring in the witches' brew of European political dissen¬ in the second week of December, when clashes took place sions, with the obvious aim of gaining some fresh terri¬ in Tunisia between Italian and French residents, but the torial or other concessions from nations that are inclined French authorities refused to countenance any nonsense, in indications All toward peace and with iron hands. between mosity December pointed Chamber an that do not repress their local dissenters The month was marked by growing ani¬ Italy and France, and it cannot possibly be claimed that France the toward Rome at was at fault. suddenly Italian Deputies in interrupted an ordinary shouted claims for French Tunisia, Corsica, Nice and Savoy, on Dec. 1. The shouts obviously could not have been made without the approval of Premier Bentio Musso¬ reported in London, indeed, that press accounts of the inci¬ dent in the Italian Chamber of Deputies were sent out before it occurred. French officials promptly and emphati¬ made it clear that no cally such territorial cessions ever if the only alternative is warfare. The bickerings about the incident that continued through December suggest that Italy may really want a voice in the direction of Suez Canal, and some rights in the French will be made, even Red Sea port into the newly-conquered African colony of the Italian way discussions for some time to It is to be devoted come. German of on the relations" constitute situation noted an in them* in the belief that such relations essential element in the consolidation of the Europe and the maintenance of peace. solemnly that as between them "no They question of a recognized They agreed also that, the existing frontier is "definitive." remain in contact and to consult on all to so French it clear on Dec. 14 that they would object to the stated lain Tunisia was common ques¬ that territorial difficulties might be minimized. apparently called the new treaty into authorities mination next to give Chancellor Adolf Hitler took no inter¬ Franco-Italian differences, which may be due of Commons that of the status quo in the Mediterranean. deter¬ Italy took the by denouncing on Dec. 22 the Franco- up no step in the game ciation was sions. The inch of territory. ratified. replied on Dec. 426 that the denun¬ accepted, with the door open for fresh discus¬ French note added that no territorial conces¬ stated the two prin¬ sions would be considered by France, and it also was firmly that conversations must be between ciples only, with "mediation" by others barred. Both Italy and France were reported as having sent reinforcements to their respective African colonies. German-American Relations * Diplomatic relations between the United States and Ger¬ many were strained in December, even beyond the mutual withdrawal of Ambassadors that the dissatisfaction previously had signalized felt in either country with the methods The broad causes of the. strain in the discrimination against the United States that the German Government exercises, and that found its natural reflection in a refusal at Wash¬ and practices of the other. are to be found, of course, ington to extend trade benefits to the anti-Semitism ments than in have added to the Reich. The German difficulties, and official state¬ Washington have not aided matters, any more the semi-official vituperations of the German German annoyance with things American reached declared in the House Italian accord of 1935 on Tunisia, which never was lini in his demands for French, Tunisia and other areas. in British Foreign Minister Georges Bonnet repeated the French press. To all appearances, the covered by the Anglo-Italian agreement pledg¬ ing maintenance prompt use, for on Dec. 8 it was reported that assurances had been received that Berlin does not back Premier Musso¬ est before territorial Prime Minister Neville Chamber¬ changes desired by Italy. Dec. territorial order remains in suspense," and they tions, lini continued the demands and enlarged upon them. He pointed out that French Djibuti would be a useful Red Sea port for Italy, and also indicated that Italy would like to be represented on the international directorate of the Suez Canal. Both the British and French Governments made agreement between his eye on the Suez Canal and on Gayda, who is considered the mouthpiece for Signor Musso¬ November, repre¬ and French Governments signed 6, a non-aggression compact along the reached by Germany and Great Britain in Mtfnich, on Sept. 30, 1938. Joachim von Ribbentrop, the German Foreign Minister, went to Paris at the head of an impressive delegation and attached his signature to the accord, which was signed for France by Foreign Min¬ ister Georges Bonnet. The two governments agreed to use their best endeavors to assure pacific and "good-neighborly Paris, lines in Djibuti when he permitted or ordered the Italian Deputies to start their demonstrations. The fascist editor, Virginio Under arrangements made in sentatives" of the Student bands it was soon made plain that Premier The French Government noted, however, that December was not entirely the diplomats call a "deterioration" of the outlook. at In the Italian press what to repeated. on Mussolini probably had by the affair, which promises to embitter politi¬ not aided dispersed were officials of the two countries. European relations as a whole naturally were Government. cal of Djibuti, which is the terminus of the rail¬ not were Dec. 10 when they attempted to demonstrate for French territorial concessions, and there¬ after the matter was left to the press and the diplomatic session by lini, for there has been no Government repudiation of the claims, but rather an insistent campaign in the controlled Italian press for French concessions, and even war was threatened as a means of gaining the dubious/ ends. It is incidents the and Rome Interior Harold L. Ickes 18, that criticisms are justified of two eminent Americans who lately have accepted decorations from the German Government. Mr. a new height after Secretary of the a speech at Cleveland, Dec. Ickes indulged then denunciation vigorous a vealed Secretary of State Sumner Welles re¬ rejected the pro¬ for an apology. Mr. Welles made it clear test and demand criticisms by Americans of other Americans were governments, and Mr. Welles added his personal opinion that references to public indignation in the United States over the perse¬ cution of Jews elsewhere "certainly represented the feeling of the overwhelming majority of the people of the United States." German authorities apparently did not care to break diplomatic relations with the United States entirely, but they indicated at the year-end that relations with Wash¬ ington are not likely to improve while such views prevail as Mr. Welles expressed. hardly matter for discussion with foreign a As the climax of immense and openly conducted prepara¬ tions, insurgent forces in Spain started on Dec. 23 another huge battle against the loyalists, with the intent of ending the The surprisd^element conflict. long-drawn was com¬ the latest assault of the troops led by Franco, for all the world knew weeks in advance that the insurgent command was preparing for a drive toward Barcelona and the Mediterranean. Espion¬ pletely lacking in General Francisco for the movement wintry weather held up activities and age time, but General Franco apparently decided to pro¬ a despite all obstacles in order to gain what advantage be reaped from the continued presence of Italian forces in his ranks. The British Prime Minister, Neville ceed might and it is withdrawal of all Italian "volunteers" from Spain.. Altogether, close to 500,000 troops engaged in the latest battle in Spain, with the loyalists more numerous while the insurgents are bet¬ ter equipped. The insurgents, moreover, have virtual com¬ mand of the air, which is an enormous advantage. General Franco drove directly toward Barcelona in his venture, but the loyalists contested every foot of ground bitterly. Small but steady advances were reported by the insurgents, and the loyalists admitted the modest movements. At the Chamberlain, is Rome in mid-January, visit to believed generally he will the urge end of December it did not seem that General Franco would alile be collapse of the loyalist defense Within the ranks on both sides, however, a good deal of disaffection and intense war-weariness is reported by independent observers, which makes the future course of affairs in Spain entirely un¬ and to bring about a early ending of the strife. an predictable. Far East lighting in China during December was almost entirely of the guerrilla in on this hands manner of the maneuvers since variety, population against the formal resistance by the Japanese aggressors is best carried that now all ports of entry are in the a few large-scale but clashes were mostly The Chinese Generalissimo, Chiang Kai-shek, There Japanese. far inconclusive. the in were interior, made it clear in the early days of January that the conflict A former member of his Government jour¬ is to continue. neyed to Hongkong with the announced intention of nego¬ tiating Work the him rushed was capital, new receiving unequal The with peace a promptly read on invaders, and General. Chiang fhe Chinese Nationalist party. the out of a new motor highway from Chungking, Burma, in the expectation of to British supplies via that route continuance for of the vast area of farther. are in doing in the present nominal of control a China, and apparently intend to extend it even Guerrilla fighters make the hold of the aggressors precarious in many regions. elements were injected into the situation during December. Following the precedent set by the British Government, officials in Washington announced Dec. 15 that on a credit of the Export-Import Bank of York concern and cultural for the purpose of manufactured a New supplying China with "agri¬ The official finan¬ cial support thus extended to the Chinese Government by Great Britain and the products." United States augmented was by American another note to Japan, on Dec. 27, demanding policy of the "open door" be observed in China. Japanese authorities found the loan procedure irksome in that the the extreme, on for Foreign Minister Hachiro Arita Dec. 19 that the loans are declared "regrettable" and "dangerous." The Minister added, however, that his criticism applied only if the loans were directed against Japan. The Japanese press was poured less restrained than the official denunciations over the British spokesman and and United States Governments. Steel Trade—Non-Ferrous Metals ^ The steel trade closed the month of December with opera¬ tions at the lowest point since July, 1938, seasonal and holiday factors being mainly responsible for the nation-wide decline in the steel ingot rate. Non-ferrous metals were quiet and showed little activity, except for lead. After being reduced from $14.92 to $14.75 a gross ton on Dec. 6, 1938, the "Iron Age" composite price of steel scrap returned period of 1937, indicative of the steelmaking the past six months. De¬ mand for steel products was affected in varying degree by year-end influences. Structural shapes and concrete reinforcing bars continued active under the stimulus of construction programs, mostly Government-financed. Book¬ ings of such products to a large extent offset the falling off in spot demand from buyers who were attempting to curtail inventories. Shipments out of warehouse stock in December were maintained considerably better than antici¬ the from corresponding recovery in pated. Consumer inventories of certain products are un¬ usually low and are expected to be replenished soon. In a few items, principally sheets and strip, some tonnage re¬ shipped against orders placed several months mains to be at price concessions, and a general upturn in new busi¬ ness is not looked for until late January. Shipments of ago building and engineering construction tained at a fairly high materials will be sus¬ rate for several months by the large public works contracts placed recently. continue on a four-day week. Mills have a fair volume of railroad orders for early. 1939 rolling. The steel industry enters the new year with prices steadier than in many months past." The same publication on Dec. 29, 1938, announced that world output of steel ingots and castings for 1938 was 107,523,000 gross tons, 19.5% less than the production of 133,616,000 tons for 1937. For pig iron and ferro alloys, estimated output is 80,802,009 tons, compared with 102,046,000 tons in 1937, a decline of 20.8%. Output of both steel and pig iron in 1938 was lower than in 1936, but higher than in any intervening year tonnage involved in Most automotive plants between 1929 and 1936. rate of steel companies having approxi¬ mately 98% of the steel capacity of the industry, accord¬ The operating ing to the American Iron and Steel Institute, was scheduled at 38.8% for the holiday week beginning Dec. 26, 1938, the lowest rate since the week of July 25, 1938, when opera¬ tions the at were rate of It also 37.0%. compares with 51.7% for the week beginning Dec. 19, 1938 ; 57.6% for the preceding seven-day period; 59.9% for the week beginning Dec. 5, and 60.7% for the week beginning Nov. 28. The high for the year 1938 was made during the week begin¬ ning Nov. 14, when operations were estimated at 62.6% of At the close of December, 1937, operations were reported to be at the rate of 19.2% of capacity ; at the close of 1936 at 77.0% of capacity, an$-=at the end of 1935 capacity. at 46.7% of capacity. to non-ferrous metals, "Metal and Mineral Markets" As reported during the month in substance as follows: The unsettlement in the foreign market for copper continued forced the month to Dec. 27 remain Some fresh international 1939, "Steel" of Cleveland stated "Total production of bessemer and open-hearth ingots in 1938 was about 28,000,000 gross tons, thus placing that year ahead of 1931, 1932, 1933 and 1934, but showing a substantial decrease as compared with any other year since 1921. The decrease from 1937 production was 43.5%. The second half of 1938 showed a decrease of only 17.0% Washington in favor of indications of what the Russians inviders of Jan. 2, issue its part: $25,000,000 had been opened by supply route from French Indo-China apparently has been closed under Japanese threats, and there are no clear The In in foreign producers to take further action on produc¬ and on Dec. 7 it was announced in London that the Cartel would restrict production for the period beginning Dec. 15 and ending Dec. 31 to 105% of the basic tonnages, and that on Jan. 1, 1939, output would be estab¬ lished at the rate of 100% (this canceled the action taken on Nov. 23 last to produce copper in the foreign field at 110%). Buying of copper for domestic account continued quiet, as most consumers were well covered, sales of this metal for the week ended Dec. 6 amounting to 3,287 tons; for the following week to 3,487 tons; for the week ended Dec. 20 to 2,848 tons, and for the week ended Dec. 27 to 1,632 tons. Sales of copper in the domestic market for Japanese army. struggle against the mechanized situation. the close of 1937. sharp Spanish Civil War the during figure Dec. 22 that he had summarily on on Dec. 13, 1938, and held at that remainder of the month; steel scrap at the close of 1937 was $13.75 a gross ton. The "Iron Age" composite prices of finished steel and pig iron were un¬ changed during December, closing the year at 2.286c. a pound and $20.61 a gross ton, respectively, and compares with 2.512C. for finished steel and $23.25 for pig iron at basis former the to antiWash¬ of but Acting ington, that in German authorities lodged a protest at Semitism. 7 MONTHLY REVIEW Jan., 1939] tion with quotas, ^mounted to 12,354 tons, as compared 12,524 tons for the full month of November and 78,288 tons for the month of October. Copper producers through¬ quote on the basis out the month of December continued to of 1114c., Connecticut Valley basis. Buying of lead reached large proportions during the last three weeks of December, sales of this metal amounting to 1,060 tons for fairly the week ended Dec. 7; day period; 5,576 tons for the succeeding seven16,287 tons for the week ended Des. 21, and 6,111 tons for the week ended Dec. 28. the price of York, and on 4.85c. basis. lead was reduced Dec. 9 to 4.75c., but Sales of the Effective Dec. 6, front 5.00c. to 4.85c., New Dec. 19 returned to the grades of zinc amounted on common to 1,728 tons for the week ended Dec. 3; 3,301 tons for the following seven-day period; 1,896 tons for the week ended Dec. 17, and 5,369 tons for the week ended Dec. 24. The price of zinc continued throughout the month under review at 4.89c., New York. The tin market was moderately active, prices moving within narrow limits, the quotation on Dec. 1 being 46.12%c., New York, and at the close of the month 46.50c.; the low was 45.85c., reached on Dec. 9, and the high 46.75c., reached on Dec. 29. Tin operations were said to be about at 40% of capacity at the close of the nibnth. 8 MONTHLY REVIEW Lumber Movement "Notwithstanding tlie Tlie lumber industry during the week ended Dec. 24, 1938, stood at 52% of the 1929 weekly average of production and 56% of average 1929 shipments, according to reports to the National Lumber Manufacturers regional associations covering hardwood and softwood mills. Association from the* operations of important Production was about 63%, the rise from and leather cently to advance reporting that every region but one showing considerable gqin over Reported production, was 58% above and ship¬ 62% above the corresponding figures for the same year. ments week in 1937. For softvvoods, production, shipments and respectively, 63%, 62% and 26% greater orders were, new than in New the 1937 week. six '• , No. of Mills Week Ended— 17 Production 549 Dec, 10 Dec. 3 563 560 regions but \ Western Pine, Southern the ended Dec. 24, 1938; all Pine regions reported Northern 223,394,000 232,092,000 236,393,000 226,365,000 to subnormal proportions. Re¬ tendency for the supply of hides a to increased imports and a seasonal slaughtering. In the coming months the poorer of winter hides and the prospect of an increased grain-fed cattle to slaughter are adverse price deter tanners from making substantial factors, which may commitments for hides, particularly if shoe manufacturers' present holdings of leather prove to be larger than are now estimated. The possibility, on the other hand, that mar¬ ketings of lower-grade cattle the outlook for forward setting good shoe a orders new below but Cypress Western shipments and production Pine below in and output; all regions but Northern Hardwood reported orders above those for the corresponding week, of 1937; all regions re¬ ported shipments above last year, and all except Northern Hemlock and above the 1937 Northern Hardwood reported production wegjk, The "While retail sales of footwear .recently have improved, they have failed since August to keep pace with the increase in buying by distributors should provide enough off¬ limits row taken to over statistical looked cover leather and will have used were to turn in winter though even supplies to more of low- expensive shoes. Early sales of spring footwear were slow,/but trading recently has turned more active and many factories already are operating at a good may December rate. therefore though production close to run for the entire volume of November, even latter month include a sub¬ figures for the slipper business for the Christmas trade. "With the purchasing outlook general by power the trade looks for a reason normal pointing to increased public of higher industrial .activity, spring shoe grade men's shoes footwear is should near future stimulating factor. Prices of highshowing small increases, but women's unchanged. Profit margins of some are mostly manufacturers The likeli¬ season. hood that any adjustment in shoe prices in the will be upward is a which industry the the stantial may thus be narrowed be partially offset by the normally are available in somewhat, numerous making but small warm this savings weather shoes. "The leather market lias become more active following about six weeks of quiet trading. Large amounts of side leathei\in natural colors and black patent leather have sold at steady prices. Smooth calf in colors for women's shoes also has had good demand at the price level established while crushed kid is moving in fair amounts. Tanneries are operating close to capacity in mak¬ ing deliveries against orders received in October. "Moderate sales of sole leather are reported at prices which are only fractionally below, the last trading levels of early November. Some tanners curtailed operations slightly in a mid-November, in September and again in November, but the production leather/continues well above the low point of a year ago. The next three months normally are good ones for tanners, and prospects for orders to supplement the substantial sales of made in October are considered favorable. "Following three weeks of dulness industries entered as the shoe and leather their between-seasons ered tanners favorable demand from Amer¬ and prices in that market recov¬ decline which had taken place from the part of the October high point. sufficient to little prospect for a revival of any aggressive demand from countries during the 1939-40 season. Thus, supply and demand angle, the situation was considered hopeless so far as furnishing any incentive to viewed from a pull the wheat markets out of the rut into which they had settled. However, the outlook for the forthcoming crop northern hemisphere was regarded as none too favor¬ in the and prospects for a short crop this coming summer investment buying which absorbed the offer¬ ings. The United States Department of Agriculture esti¬ mated the current prospect at 485,000,000 bushels, or about 200,000,000 bushels less than were harvested in the present season. If the spring wheat acreage is held down to about 17,000,000 acres, in accordance with the Government's acre¬ age goal, and average spring wdieat yields are realized, it production In will a other words, requirements. Growing strong possibility that the 1939 from* 650^90,000 to 700,000,000 will not exceed average domestic conditions in large of areas the Southwest remain unfavorable. According to latest reports, the drought in the Southern plains area, including much of Texas, has been intensified, with much deterioration indi¬ cated. Wheat is said to have lost ground in Kansas, with evident in other sections of the Southwest, deterioration while in the condition in Oklahoma is recorded history with the exception of 1934. the lowest as Throughout part a of the Southwest the crop is threatened with the possibility of a large winter kill resulting from poor root growth. Corn, oats wheat. and rye more less or followed the trend of In regard to corn, the United States Department of Agriculture placed the crop at 2,542,238,000 bushels, com¬ pared with 2,651,284,000 bushels last and year a 1927-36 of 2,306,157,000 bushels. average Although the current pro¬ duction is sufficient to fill all needs, a strong statistical position as regards "free supplies" is indicated as a result of the Government loan. In Chicago the May wheat option closed Dec. on 31 65 %c. on Dec. 1. at at 69c. as against an opening price of At Winnipeg the May wheat option closed 62% c. as against an opening of 61 %c. on Dec. 1. May Chicago closed on Dec. 31 at 52%c. compeared with an opening of 51 %c. on Dec. 1. May oats closed at 30c. as compared with an opening of 27 %c. on Dec. 1. May rye in corn closed on at 48%c. as compared with 43%c. opening-of an Dec. 1. Sugar Sharp price declines featured . the market for sugar "futures" during the past month. Secretary Wallace's sur¬ prise estimate late on Dec. 3 of a quota of 6,832,157 short tons was several the chief hundred estimates, and depressing factor. thousand prompted of the sugar trade was so "in tons heavy These figures of excess average liquidation. were trade Indignation great at the size of the Secretary's estimate that it was generally conceded action for new legislation in the coming session of Congress would be started immediately. Although it was generally believed sugar while traders and be upon importing subsequently responded to ican would that mixed hides improved in a nar¬ as being extremely bearish. It was pointed exporting countries have, after allowing for nor¬ mal reserves, more than one year's requirements of im¬ porters, while reports regarding European crops held out out period, trading in early December when the packers marked down their prices by about 2c. per pound. The futures market previously had discounted this situation by undergoing a sharp corrective movement. Buenos Aires spot sales export bushels. materials than a decline in prices of consequence. From a, standpoint, the world's wheat situation was manufacturers priced on any run their prices the undertone more or less easy. Subsequently the market developed firmness and prices scored moderate gains. Sen¬ timent during tlie early part of the month remained gen¬ erally bearish because of the statistical position, but there was an absence of aggressive selling owing to fears that the amount of grain that will go into the Government loan and is spring shoes exhaust leather during the early part of the past month, with total soon and Grains is claimed that there may hide steady basis." shoe production which for five months has run well ahead of last year. Buyers accordingly have hesitated thus far to pay increased for with some encouraged First National Bank of Boston, in its "New England Letter," under date of Dec. 31, comments upon these mar¬ kets as follows; prices coupled prospect'of and the Prices in domestic wheat markets fluctuated within able, Hides, Leather and Footwear decrease, may run strength to maintain prevent 179.611,000 Pine week {Feet) 194,613,000 185,027,000 217,904,000 Northern reported Orders Ueceived {Feet) ' 193.492,000 195,157,000 189,216,000 167,872,000 549 Nov. 26 Shipments {Feet) quotations, response movement of weeks. 0 hide in quality in the week ended Dec. 3, 1938, were the reported since July, and shipments were heaviest follow: All in reasonably „ During the week ended Dec. 24, 1938, a total of 482 mills produced 168,789,090 feet of hardwoods and softwoods com¬ bined; shipped 178,789,000 feet, and booked orders for 170,941,009 feet. Revised figures for the four preceding weeks Dec. rise been has orders heaviest in 1937, in reduced were there same above those booked in the corresponding week of setback April low point has been sharp and has carried prices somewhat above the average for the past 10 years. The rise came at a time when shoe production was running better than seasonally, and stocks of both liides shipments about 82%, and new orders about 73% of the figures for the corresponding week of : 1929. Due partly to the fewer mills reporting and partly to year-end shut-downs, nevr business, shipments and production during the week ended Dec./24, 1938, were all appreciably less than in the preceding week. New orders, however,, were 27% latest the that the pressed of low longer worst as to was the now future optimistic views inventories of those of supplies an known, based refined opinions of course prices. their sugar opinions in opposite viewpoint are held back the were decidedly Those who on consumers' contended greater ex¬ reports hands, that the be the will pressure on the market when producers start to sell. of Cuban raw sugars were few and far between, and Sales con- sisted the following, of all exclusive of duty: control On Dec. 5 the 8.58c. again altered to 4.35c. it held to 4.45c., at which level side early part undertone lines, and of the the latter past month, developing part. With roasters on Brazil that Brazil was from rumors a chants' 64x60's con¬ Colombian will crop There were be No. 7 Santos than early anticipations. reported from Brazil. Dec. 31 at 6%c. against 7@ 71/4c. Nov. 30, the same as on Oct. 31; 6%@7c. Sept. 30; 0%@7%c. Aug. 31; 6%@6%c. July 30, the same as on June 30, May 31 and April 30, against 6%c. March 31; 8%@9c. Feb. 28, and 7%@7y2c. Jan. 31. No. 7 Rio quoted was was Nov. 30, the same From that point gradual a rally carried to a Print hands. cloths River Fall at again quoted at 3%c. was 28-inch for throughout the month. 60x64's reacted to 3%c. to 3%c. Dec. 31 3%c. Nov. 30, while Osnaburgs were unchanged at 6%c. to 6%c. Dec. 31. The report of the Census Bureau, issued Dec. 14 and covering the month of November, showed apother substantial increase in the United States consumption of the staple, both as compared with the previous month and the corresponding month of last year. The amount consumed in November was given as 596,289 bales of lint and 66,822 bales of linters as against 542,778 bales of lint and 72,109 bales of linters in October, 1938, and 482,976 bales of lint and 57,619 bales of linters in November, 1937. Latest reports indicated that the smaller further developments no was The price of 27-inch on quoted on Dec. 31 at S^c. against 5%c. Oct. 31 and Sept. 30; 5%c. Aug. 31; 3%c. against as Subsequently, however, offerings subsided and the markets became steadier. 13. quotation the sidering the liquidation of part of the loan coffee, support was lacking, while there was scattered liquidation by tired holders. York leading to predictions that sustained activity may be anticipated after the turn of the year, because of the gen¬ erally depleted state of inventories in converters' and mer¬ The markets for coffee "futures" continued to drift lower the New in way Coffee steadier here the end of the month, a strong buying movement got under¬ during the remainder of the month. during cotton and, after minor fluctuations, declined to ket was very quiet during the larger part of the month. About the middle of the period, however, and again towards was range'was Dec. 1 high of 8.91c. Dec. 28, with the price quoted at 8.88c. Dec. 30. Trading in the gray cloths mar¬ quoted at 4.50c. to 4.55c. until Dec. 13, when quoted at 4.40c. to 4.45c. On Dec. 14 the was range Dec. on the Spot legislation. 8.95c. December shipment at 2.00c. c. & f., and January shipment at 1.95c. c. & f., and on Dec. 21 January shipment at 1.97c. c. & f. The wholesale list price for refined, immediate delivery, 9 MONTHLY REVIEW Jan., 1939] to The woolen goods market was less active than heretofore, as on chiefly, however, because of previous heavy buying by 4%c. July 30, the same as on June 30 and May 31; 4%c. April 30; 5%c. March 31, and 5%c. Feb. 28, the same as users the and inability of producers to accept further orders for nearby delivery. With the backlog of unfilled orders being close to record figures, continued active operation of most Jan. 31. for mills Rubber women's Crude rubber, extended an fabrics wear period is remained after early irregularity, followed a steady trend during most of the month. Supporting factors were the in Business assured. quiet, in although the better flow of winter apparel in improvement in the technical reports from tire manufacturing earlier optimistic estimates of the further decline of position of the market, garment manufacturers. centers indicating that consumption will materialize, Japanese double extra 13-15 deniers' were quoted Dec. 31 $1.84@$1.89 against $1.75@$1.S0 Nov. 30; $1.81@$1.86 Oct. 31; $1.80@$1.85 Sept. 30; $1.77@$1.82 Aug. 31; $1.79@ $1.84 July 30; $1.76@$1.81 June 30; $1.56@$1.61 May 31; $1.62@$1.67 April 30; $1.55@$1.60 March 31; $1.65@$1.70 Feb. 28, and $1.65@$1.70 Jan. 31. at tire manufacturers' inventories, and the decrease in world stocks of crude rubber, amounting to 12,000 tons during October, and estimated at 20,000 tons for November. totaled United States rubber consumption in November 46,048 tons, equal to an increase of 14.2% over 1938, and of 35.3% over November, 1937. With shipments well within quota limits, and with further substantial buying on the part of tire factories anticipated, because of the greater willingness of dealers In October, tion manufacturers of an to enlarged add to demand, their the inventories outlook for in closing days of favorable factors in Ribbed smoked the month served to neutralize en¬ Jan. some measure. their Irregular although towards the end of the month sentiment appeared as of showing, % the influences. Sentiment particularly toward the end among of it in the reversal of and stocks, leaving staying enable within oil the man a the to of limits put powders in the hope of market demand, his aspirin and away a more generally satis¬ "Devotees of the Oubist school will find much to their liking in the picture which the oil industry is just complet¬ ing of operations in 1938. But, to the majority, it will appear nate, strange mixture a apparent of colors frequently having no Darker shades predomi¬ relation to each other. but creased there are some unmistakably bright spots. In¬ consumption of motor fuel, higher exports and re¬ duction in crude stocks contrast with an unwanted growth of products in storage, over-activity on the part of refiners, and a gradual weakening of product prices which ultimately had the effect of undermining crude quotations. "Let us see how article continued. of steady¬ ing factors, and considerable interest was aroused by pro¬ posals that next year's acreage be further drastically re¬ duced, and growers be compensated by allotments of loan the year. curve during the total the picture mand the Despite the downward sweep of the business a good part of the year, indications are that for all oils in 1938 will slip back little demand barrels. . looks at close range," "All figures are estimated as of the end from last year's all-time record cotton. crop 7,500,000 barrels of industry continues its fine record of 1938 in reducing headache the In the closing days.of the month increased irregu¬ larity developed, chiefly induced by the uncertainty regard¬ ing the attitude of the new Congress concerning cotton about of fuel factory year. sharp upturn in the United States con¬ sumption statistics for the month of November. Moreover, the further heavy movement of the staple into the Govern¬ daily average production for the country from exceed 3,000,000 barrels (2,500,000 bar¬ Rocky Mountains) the industry will get by winter accumulation a should downward trend of security prices, the sale of gray goods, and the favorable ment loan stock continued to act as one of the chief stable, of the poor showing of the export movement disappointing reports from the cotton goods market resulting in predictions of impending curtailment by domes¬ tic producers. The outcome of the referendum on market¬ ing quotas for 1939 was regarded as being open to conjec¬ ture. The better sentiment developing during the second cause a waste and its on backlog of 83,000,000 barrels with which to start the main consuming season on April 1," it continued. "This, assuming that the production branch kets, the continued had operate motor rally took place. Chief causes of the the further reaction in the security mar¬ month during 1937 and 1938 and does not on with a the 1 well hands, and the general expecta¬ sharp industrial rebound following the turn of the year. Raw cotton in December, during The first half of the month, followed a reactionary trend. Later in The of the as the moderate level of inventories both in half suggested by "The Lamp," which pointed accumulation of stocks imperative for the oil industry to Jan. wholesalers' were further the year was that "If wholesalers, retailers' fair-sized than market-demand-only production basis. month, gave early substantial improvement in business, a rather the lack of any sign of increased demand during 1939 made the on early decline strengthened rels east of the an period . cov¬ indications of tion of be and in chiefly based and in oil new out hand, to lower price levels, and, on the other hand, to the disposition on the part of the buying public to give preference to popular-priced merchandise. Wholesale trade, aside of occasional buying flurries in connection with rush replenishment orders for holiday gift items, remained pre-year-end opera¬ move for coordination of production of refining activities with market demand for the crude and finished products was the Standard Oil Co. of New Jersey, which issued a strongly-worded warning against excessive production and refining operations in an editorial in "The Lamp," its house organ. A limit of 3,000,000 barrels daily average outturn during one however, industry Leader crude generally better Retail business, in dull, reflecting the continued caution of merchants ering their January and early spring requirements, pointing to the need for restrained throughout 1939 in order that the statistical position the weakened. a to be under way. passing through the holiday buying period, was helped predominant note in the domestic petroleum industry the year closed was that of caution, with leading factors tions favorable weather conditions, but the total volume of sales continued to hover below last year's figures, due, on the as 31. in the oil world | continued double against $1.65@ Petroleum and Its Products sheets trades Japanese crack The Textiles textile 20-22 deniers these for spot delivery were quoted at 16%c. asked pec. 31 against 16%c. asked Nov. 30; 16%c. asked Oct. 31, the same as on Sept. 30; 16%c. asked Aug. 31; lGVsc. asked July 30; 14%c.vasked June 30; ll%e. asked May 31; 10% c. asked April 30; 10%c. asked March 30; 14%c. asked Feb. 28; 14%c. asked Jan. 31. The the quoted at $1.79@$1.84 Dec. 31 $1.73@$1.78 Oct. 31; $1.6S@$1.73 Sept. 30; $1.67@$1.72 Aug. 31; $1.69@$1.74 July 30; $1.67@$1.72 June 30; $1.48@$1.53 May 31; $1.57@$1.62 April 30 ; $1.48@ $1.53 March 31; $1.59@$1.64 Feb. 28, and $1.48@$1.53 hancement of crude rubber values is regarded as promising, although the recurrent weakness in the sterling rjite during the of case were $1.70 Nov. 30; expecta¬ further the extra November and consuming channels was reflected steady demand for certain types of wanted goods by a consumption of 1,340,000,000 Estimates place the 1938 domestic and export de¬ for crude and products at 1,320,000,000 barrels, a decline of 1.4%. 10 MONTHLY REVIEW "Getting down into the list of individual items, wide a disparity. showed previous a gain over demands product, increased find we Motor fuel, the industry's number from one abroad,' although the due year to domestic con¬ sumption remained steady. The total will be about 566,400,000 barrels, an increase of 1.7%. The biggest slump came eral in fuel oil consumption—always a barometer for gen¬ industrial activity. Domestic and export demand for these oils is expected to total 307,000,000 barrels, a decline of 10.4% from the preceding year. Gas-oil and distillate rallied from an unfavorable first half and are expected to furnish the year with consumption of 147,800,000 barrels. "Faced with excessive stocks on its shelves, the producing branch of the industry cut its output to an estimated daily of 3,320,000 average with 5.3% below last barrels, This year. 17% increase in crude produced during 1937 over the previous 12 months. Drilling, too, was cur¬ tailed, only 26,000 wells being put down this year, a reduc¬ compares a Compact Commission possible was voted by the Compact at its meeting in Fort Worth on Dec. 16. Although California still has not for¬ 16.4%." "The Lamp's" observer would survey voiced a sharp rebuke for the refin¬ branch of the industry, pointing out that' "as in 1937, refiners ran through most of the year with little regard for threatening accumulation of stocks behind them. strictly 1937 the on crude to stills of bad. the average, daily average Rated runs 3,200,000 barrels during 1938 didn't Indeed, they represent of appear reduction of nearly 2%. in refinery output of 11% and a boost in motor fuel stocks of 14,200,000 barrels. so 1937 But the members of the group as yet, its meeting held forth definite hope that it the at proration laws pass shortly which would make eligible to become a full-fledged member of the group. California, late in the month, independents gathered it In to production down from its present top-heavy figure to figures more compatible with market demand. Elliott Roosevelt, second son of President Roosevelt, aroused considerable controversy in a radio speech delivered bring on the Texas radio network which he heads on the day following the Compact meeting, in which he warned the oil industry that unless its leaders develop an efficient of self-policing, Federal control of the industry was gone conclusion. Should the Government once again means fore¬ a assume control of-the oil industry, he said, "it would be a sad day industry." Mr. Roosevelt added: "The industry reached a forked road in its progress." has Advanced ing the joined with mally for the oil of tion lation which makes the Interstate Oil itself showed an a increase The gain in product storage during 1938 of 28,000,000 bar¬ rels tells its story. own "The stock picture is a scrambled one. On the crude tank by Mr. Roosevelt in his Dec. 16 speech was a proposal for "a strong, cooperative interstate oil compact" as the best solution for the industry's ills. Should that type of solution not be adopted, he contended, Harold L. Ickes, Secretary of the Interior, and long an advocate of Federal control of the oil industry, will back a bill in the next Con¬ the national give to gress Government "full control over the producing and refining of oil." Secretary of the In¬ terior Ickes refused to comment, although a spokesman said unofficially that Mr.^oosev<'s remarks were repetitions Ickes has been saying for years. of what Mr. Mr. denied reduced burdensome stocks almost It was also its January market as much again. In spite of sustained demand and lower refinery the close of the year, throughputs toward finished motor fuel stocks were in¬ creased by about 1,000,000 barrels. Slight as it was, this further upset the product market, for in 1937 the industry had added 14,200,000 barrels of gasoline to storage, and this excessive accumulation had the inevitable undermining Residual effect. to that Ickes had farms, the industry did a good job. Crude petroleum in storage was 36,000,000 barrels lower than in 1937, which not only wiped out the surplus stored in that year but Congress for oil control. United States Bureau of Mines The month United year. Coast." West of paragraphs of the the clouds survey were devoted to the which hung so heavily over most of the world during 1938. "The spectre of war which has hung over a worried world during the past few years war reached alarming proportions in 1938 and sent nations scurrying to fill their oil tanks against the possibility of national emergency. On top of a one-third increase in ex¬ ports of crude and products in 1937, the current year (1938) indicates a further increased demand from abroad of 11.5%. Exports of crude and products will probably total 192,300,000 barrels for the year." The answer to one of the most worrisome problems con¬ fronting the oil industry—that of Texas's oil production policy after the change in control of the Railroad Commis¬ sion op Jan. 1—was furnished in a surprise announcement mi<j-inonth by the Railroad Commission that the week¬ in end shutdown for all Texas wells would he continued the entire first during daily market de¬ Total demand for 101,390,000 barrels for States market. Crude stocks showed their first upturn in months during the Dec. 3 period, and continued to gain during most of the in issued by the United States The latest report, which period ended Dec. 17, showed stocks of domestic covered reports Bureau of Mines up to month-end. covered the ' The closing question from the average during January, 1937. crude oil during January was set at last came crude for period Most of the additional supply 3% below the actual and mand tanks. increase of 10,700,000 barrels 20 released This figure was 35,200 barrels, or 1%, less than the daily average market demand for the current daily. fuel an Dec. estimated the This follows on demand forecast, which placed probable demand for the initial month of 1939 at 3,270,600 barrels o_ils accumulated more rapidly than any other product, some 20,300,000 barrels being added to the heavy quantity already held in the industry's heavy fuel immediate plan to submit any and foreign crude held in the United States of 269,931,000 barrels, which is several hundred thousand barrels above the figure reported for the comparable date a month earlier. Early in the month the Humble Oil & Refining Co. issued price schedule in which the highest posting on grav¬ ity schedules is "40 and above," which was retroactive to Dec. 3. The announcement, which was followed by similar action by Magnolia Petroleum Co., pointed out, however, a new that prices are unchanged except for the elimination of premiums paid based on gravities above 40 degrees. Under the new schedule top prices by grades are West Central Texas, $1.03; Gray County, 96c.; Carson-Hutchinson, 91c.; Tomball, Raccoon Bend (Deep sand) and Satsuma, $1.31; Anahuac, Dickinson, $1,03; Refugio, $1.28; Mirando, $1.23. The posted price for Liveryt, Orange and Barbera Hill crudes, formerly listed under Anahuac and Dickinson crude, and for Pettus crude have been discarded. The price of Flour Bluff crude was cut 4c. a barrel to $1.23 to of 1939. The actual production only for January, with the February and March figures scheduled to be promulgated at a later eliminate the premium for gravity above 40 degrees in the date when probable demand can be estimated with previous postings. allowable was quarter issued greater accuracy. The gross basic allowable for the first month of 1939 set by the Railroad Commission for Texas 1,735,541 barrels daily as compared with 1,710,082 barrels daily during December. Th6 two-day shutdown will pare this figure by an estimated 12,895,136 barrels, or a daily average of ^ the week-end shutdown Thompson, town when it with the was the con¬ fact that it Lon Smith, Commissioner in addition Terrell out to of issued. Lon Smith, who long has opposed policy of Commissioners Thompson and Teiv rell^ becomes head of the Commission on Jan. 1, policies the of Dec. the Thompson-Terrell 12 meeting that he majority, announced at would not interfere with the January production allowable, but did not commit himself February and March figures. Pressure had been brought upon the Commission to make about the known with in the Texas some the its probable course of action leadership, not only by producers in representatives of the major units in the Naturally, the entire industry would be affected also Lone week-end of change in but industry. adversely by in fashion any sudden Star State. shutdowns mission's answer. loosening of the production control The three-month continued What will apparently ruling ordering the Com¬ develop in the future is As Mexican was generally expected, unanimous approval of a plan to have Congress approve a two-year extension of the legis¬ 78.5c. a little barrel. change during the a Administration. personal Ambassador to report President Daniels o—The Humble Oil & Refining Co. and is due to Roosevelt January, and some definite developments Representative price changes follow: the early in break then. may Magnolia Co. eliminated premiums of crude oils above 40 gravity in Dec. 3. Petroleum Texas, retroactive to Dec. range 20—Michigan of from 68c. In the of gas crude oil 78.5c. to prices refined product and fuel oils were reduced 14c. a barrel to a barrel. a field, the seasonal strengthening and the sharp improvement in these products' statistical position took the spotlight away from the motor fuel division of the industry. Stocks were pared sharply during the month as cold weather stimulated demand and brought about heavy with¬ drawals from storage tanks to meet with the increased demand. rate in Prices strengthened in New York, with the tanker price structure also firming. Gasoline stocks moved erratic fashion during the month, with only a small gain resulting. Price changes were confined in most instances to regional an net adjustments, with no definite trend in evidence. Some eas¬ ing in the gasoline price structure was seen and, as reported above, fuel oil prices hardened. some¬ was thing that only time will tell. to showed although some interest was aroused on reports of heavy deals consummated with Germany and Japan by the when Chairman Thompson retires to be replaced by Jerry Sadler Gladewater. Mr. Sadler, who also has opposed the of situation month, was the production ranging from 68c. Mexican Dec. was^ signed by Commissioner Chairman The make The most surprising part of the bill ordering of In Michigan two price changes carried posting to the lowest levels in nine years with the new schedule was 415,972 barrels. tinuance the Dec. of fuel "Dec. dealer 20—Standard Oil of New York advanced,, tank car and barge prices oil % c. a gallon, 21—Standard tank wagon Oil prices with Co. c. other companies following. of a New York reduced tank gallon at Rochester. , car and posted MONTHLY EE VIEW, JAN., 1939] recent years DECEMBER FINANCING OF UNITED STATES TREASURY The Treasury established a record in its December financ¬ ing that not only exceeded anything it had been able to able been has probably, anything also bettered, but before do to recorded in the record- quarter financing which the Treasury carried out on Dec. 15, date and date operation in December was a large one. in Treasury finance in December that was the quater The do borrower This history. overshadowed accomplishment breaking any event precedent was the actual payment of a premium For months, under the pressure without for Treasury discount bills. of Administration's the rate at which easy money policy, the average the weekly discount bills have been awarded has approached the vanishing point. For the bills dated Dec. 28 the vanishing point was actually reached. Of the $100,000,000 of bills dated Dec. 28, $100,000 was bid in at a price slightly above par. The remainder of the issue was placed at par, and so heavy were the par bids that only 78% of them could be filled. The total amount of the bids submitted was $507,427,000, the largest volume of sub¬ scriptions, with one exception, ever made for a bill issue. of the bids was that the Treasury received The net result $10 of premium for the $100,000,000 issue. The Treasury had to pay no interest on the huge sum of money it ob¬ tained. Instead, it was paid what might be called interest from bidders for the privilege of owning the bills. It was another case of turn about being fair play. In recent years the Treasury has put out new issues of notes and bonds at a price which gave a premium to the subscribers. Now. the subscribers have given a premium to the Treasury. This situation recurred in exaggerated form in the bills dated Jan. 4, on which bids were opened on Dec. 30. It was announced by the Treasury late Dec. 30 that the tenders for the issue totaled $488,825,000 and that about one-half of the bills were bid in above par. The premium bids were so numerous that only 19% of the par bids could be accepted. mittee the hastily incredible effect getting authorities, at an open market com¬ summoned for Dec. 30, took steps to end situation by which the Treasury was in negative interest rate on its bills. The Open Market Committee announced that market account required to replace bill maturities in the a Reserve Federal henceforth the manager of the System open would be not System portfolio under conditions such as those prevailing on the last two issues. The Reserve banks did not replace of their bill maturities in the week ended their maturities run to $40,000,000 to $55,000,000 each week. By failing to replace weekly maturities the System will increase the available supply of bills in the market and will perhaps succeed in restoring the bills to an interest basis. The par and premium bids for bills were attributable for the most part to special circum¬ $30,000,000 Dec. 28, but including the demand arising from banks and cor¬ stances, porations for year-end "window dressing" in statements, from corporations seeking to use the bills as a means of avoiding taxes on bank deposits in several temporarily idle funds. of the quarter Details The 5. date financing were published on Secretary of the Treasury announcement by Jr. stated that he was offering three of securities. In the first place, he was offering $400,000,000, or thereabouts, of 2%% bonds of 1960-65, with the right reserved to increase the offering to accept all subscriptions for which Treasury notes maturing March 15, 1939, were tendered in exchange. In the second place, he was offering $300,000,000o, or thereabouts, of 1%% Treas¬ ury notes Oof Series B-1938, with the right again reserved to increase the offering by an amount sufficient to take care of tenders of Treasury notes maturing March 15, 1939. In the third place, the Treasury offered an issue of 2% bonds of 1947 for which payment could only be made in the notes maturing March 15, 1939C Thus the Treasury made an exchange offer for the $941,613,750 of notes fall¬ ing due the following March and sought to raise $700,- Henry Morgenthau types * 000,000 of new money. The offering proved -were . considerable success. The books on Dec. 5, the day offering, and they were closed on the exchange sub¬ closed of the on a subscriptions the cash scriptions on Dec. 7. Mr. Morgenthau announced on Dec. 13 subscriptions to the offering totaled $9,379,334,350 that cash and the amount allocated was bonds cash subscriptions $731,445,700. For the 2%% amounted to $5,732,477,150 and the Exchange subscriptions ten¬ allotted for the bonds totaled $188,196,700. Cash allotments totaled dered and $402,876,700. 1%% notes totaled $3,646,857,200, $328,569,000 was allotted. Tenders and allot¬ subscriptions for the new of which ments of exchange subscriptions for the notes amounted to Subscriptions received and allotted for the new 2% bonds aggregated $701,504,900, leaving $12,529,550 of the iy2% March notes to be paid off in cash at maturity. The Treasury made a new departure in allotting the cash $39,382,600. 0 1935, subscriptions had amounted to subscriptions in that no preferment was given to subscripThe number of "free riders" on $1,000 sub¬ scriptions increased so greatly at the December tax date that the Treasury decided to depart from its policy of tions of $1,000. $2,013,114,000 maturity representing 7,200,000 bonds sold to approximately 1,400,000 investors. Sales for the first 11 months of 1938 amounted to $645,179,100 maturity value against $635,-' 419,100 maturity value in the whole of 1937. Mr. Morgenthau announced on Dec. 15 that market trans¬ actions in Government securities for Treasury investment value, accounts in 1938, resulted in net purchases of November, $360,000 as against net purchases of $1,044,000 in October and purchases of $38,481,000 in September. The details of Treasury bills sole on a discount basis are the following table: given in Bills , Amount Bills Offered Dated Dec. Dec. 8 1938 Dec. 14 1938 Mar. 15 1939 Dec. 15 1938 Dec. 21 1938 Mar. 22 Dec. 21 1938< Dec. 28 1938 Dec. 27 1938 Jan. Svbscrtp tions t 91 days $100,000,000 8 1939 Mar. 7 1938 1 1938 Dec. of Offering Mature $354,169,000 100,000,000 384,501,000 1939 91 days 100,000,000 497,662,000 Mar. 29 1939 91 days 100,000,000 507,427,000 5 1939 91 days 100.000.000 Apr. 4 1939 91 di ys 4S8 825,000 To Redeem Maturing Bills Subscrip¬ Amount Average Offered tions Accepted Price Yield ,$354,169,000 384,501,000 497,662,000 507,427,000 $100,983,000 100,716,000 99.996 0.017% 99.997 0.013% $100,148,000 100,000,000 100,631,000 101,032,000 99.999 0.006% 100,043,000 *100.000 *0.000% 488,825,000 100,722,000 *100.000 *0.000% 100,026,000 100,125,000 Dec. Dec. 1 1938 8 1938 Dec. 15 1938 Dec. 21 1938 Dec. 27 1938 * less . Actualy average .price was slightly over than zero, as part of these issues were went Issue of— 100 and average interest rate slightly bid at a premium, while the balance NEW SECURITY ISSUES Total volume of offerings but , at par. increased reflected a IN DECEMBER placed in the domestic market in moderately over decided improvement that of November, over the aggregate figures for the same period of 1937. State and municipal emissions as usual were quite numerous during the month They were, however, with one exception, modest in size and ranged from $5,000,000 downward1 to much smaller The dollar volume of corporate amounts. flotations reflected a sub¬ attributable to large-scale refunding operations undertaken by corporate organizations. Some of the larger issues successfully placed included the joint offering of the Central Illinois Public Service Co., embracing $38,000,000 of first mortgage 3%% bonds and $10,000,000 33^-4% debentures; $35,000,000 Cities Service Gas Co. first mortgage 3^-3%% bonds, stantial rise in December and was in the main placed privately, and the issue of the Chesapeake & Ohio Ry. Co., consisting of $30,000,000 refunding and improve¬ ment mortgage 3^% bonds. We give below the larger offerings in December: RAILROAD States, and from corporations which have been urged by their bankers to buy bills so that the banks can escape the Federal Deposit Insurance Corporation assessment on large amounts of Dec. baby bonds"—sold to Nov. 30 had passed the $2,000,000,000 mark. Since these securities were first offered on March 1, December The Federal Reserve and give no preferred status to the small sub¬ scriptions.. Secretary Morgenthau stated on Dec. 12 that the matur¬ ity value of United States savings bonds—the so-called FINANCING $30,000,000 Chesapeake & Ohio Ry.—Public offering was made Dec. l2 by Halsey, Stuart & Co., Inc., and Otis & Co. on behalf of a banking group, of $30,000,000 ref. and impt. mtge. 3}4% bonds, series F, to be due Dec. 1,1963, subject to authorization by the Interstate Commerce Commission. The bonds were priced to 101and accrued interest, to yield 3.41%. 16,000,000 Railway Express Agency, Inc.—A banking group headed by Morgan Stanley & Co., Inc. and Kuhn, Loeb & Co. on Dec. 22 offered $16,000,000 serial notes, series A, dated Dec. 1, 1938, at 100 and interest for all maturities. Distribution of the notes was effected through a relatively small selling group. UTILITY FINANCING PUBLIC $38,000,000 Central Illinois Public Service Co.—Offering was made Dec. 8 by an underwriting group of 35 members beaded by Halsey, Sutart & Co., Inc., of $38,000,000 first mortgage bonds, series A, 3%% due Dec. 1, 1968 and $10,000,000 serial deben¬ tures, 3 Yi to 4%, due Dec. 1, 1939-48. The bonds were offered at 100H and interest and the debentures at prices to yeld 1.50% for the earliest maturity to 4% for the last. Other leading members of the underwriting group included Glore, Forgan & Co.; A. G. Becker & Co., Inc.; Harris, Hall & Co., Inc.; Bonbright & Co., Inc.; Brown Harriman & Co., Inc.; Lazard Freres & Co.; Blyth & Co., Inc.; Central Republic Co.; Kidder, Peabody & Co.; W. C. Langley & Co.; Lee Higginson Corp.; F. S. Moseley & Co., and E. H. Rollins & Sons, Inc. , 35,000,000 Cities Service Gas Co.—The company, a subsidiary of the Cities Service Co., has completed arrangements for the issu¬ ance and sale of $35,000,000 of first mortgage pipeline bonds at interest rates of 3 34 % and 3 M %, it was announced on Dec. 29. The entire issue has been placed privately with four large banks and two major insurance companies. 25,566,600 ' Commonwealth Edison Co.—Convertible debenture 33^s, July 1, 1958. Refunding purposes. The issue was priced at 100 to yield 3.50%. Convertible at or before maturity into common stock at conversion price of $25 a share. Offered to stockholders of the company and underwritten by Halsey, Stuart & Co., Inc., and associates. 15,000,000 International announced Telephone & Telegraph Corp.—Corporation Dec. 14 that it has completed arrangements for long-term loans in the form of 10-year 4notes for $15,000,000. Of this amount $10,000,000 will be taken by the Export-Import Bank of Washington, and the remaining $5,000,000 by a group of New York banks consisting of J. P. Morgan & Co., The National City Bank of New York, The First National Bank of the City of New York, Bankers Trust Co., and Guaranty Trust Co. of New York. The loans will be made on a basis to yeld approximately 5H%. The funds are to be used largely in the expansion of I. T. & T. operations in South America. 10,168,000 Consumers Power Co.—A banking group headed by Morgan Stanley & Co., Inc., and Bonbright & Co., Inc., offered on Dec. 23 $10,168,000 1st mtge. bonds, 3M% series of 1936. The issue is priced at 104^, to yield 3.01% to maturity. Others in the offering syndicate include the First Boston Corp., Brown Harriman & Co., Inc.; Smith, Barney & Co.; E. W. Clark & Co.; Mellon Securities Corp.; Coffin & Burr, Inc., and Lehman Brothers. 12 MONTHLY REVIEW $9,125,000 Green Mountain Power Corp.—Public offering of $7,750,000 1st & ref. xntge. bonds, 3M% series due 1963, and $1,375,000 4M% serial notes due 1940 to 1953, was made Dec. 13 by a banking group consisting of The First Boston Corp.; Smith, Barney & Co.; Coffin & Burr, Inc.; Brown Harriman & Co., Inc., and Halsey, Stuart & Co., Inc. The bonds were priced at 101M and the'notes were offered at prices to yield from 3.50% to 4.70%. $3,524,000 Baltimore, Md., various • 6,000,000 El Paso Natural Gas Co.—Paul Kayser, President, announced Dec. 15 that company has sold, at private sale, to a group of insurance companies and one educational institution, a new issue of $6,000,000 first mtge. bonds, 3M% series, due 1953, and has obtained a loan of $4,000,000 from the Chase National Bank, New York, represented by serial notes falling due over a period of seven years, the proceeds of which are being applied to the redemption of all company's presently outstanding first mortgage bonds and convertible debentures and the payment of its existing bank loans in the amount of $600,000. The balance of the proceeds is available for other corporate purposes. 4 242,000 4 Pennsylvania Power Co.—Bonbright & Co., Inc., Dec. 21 headed a group which offered an issue of 42,000 shares of $5 preferred stock (no par), at $101 per share plus accrued divi¬ dends from Nov. 1, 1938. The company is a subsidiary of the Commonwealth & Southern Corp. Associated with Bonbright & Co., Inc., in the offering were Lehman Brothers, Smith, Barney & Co.; E. W. Clark & Co.; Stroud & Co., Inc.; W. H. Newbold's Son & Co., and Graham, Parsons & Co. 2.10%. A lower court decision during the month held that the city .could legally issue $4,025,000 bonds without first obtaining voters' approval of the financing. Sale of this issue York authorized the company to issue and sell not more than $4,240,000 of consol. mtge. 3% bonds due in 1968. The com¬ pany arranged to sell the issue privately to a group of four insurance companies. has Columbus & Southern Ohio Electric Co.—1st mtge. and collateral trust 3 Ms, series due 1968. treasury for privately Pay notes and reimburse expended in construction, &c. Placed Equitable Life Assurance Society of the moneys with the United States and John Hancock Life Insurance Co. Hamplshire—An 795,067 Public Service Co. of New issue of 8,737 of preferred stock, $5 dividend series (no par value), at 91 per share (flat), by Coffin & Burr, Inc.; Brown Harriman & Co., Inc.; Arthur Perry & shares offered was Co., Paine, Webber & Co. Inc.; INDUSTRIAL AND MISCELLANEOUS power plant first mortgage bonds John Nuveen & Co. of Chicago and associates 100.118, a basis of about 3.48%. Due $100,000 April 1 and Oct. 1 from 1940 to 1954, inclusive. 2,994,000 Alachua County Special Road and awarded 3Ms as Bridge District No. 1, Fla., refunding bonds, comprising $1,500,000 4s due from 1940 to 1952, preferred stock, a banking group headed by Eastman, Dillon & Co. publicly offered Dec. 20 the remaining portion of the issue. The public offering price was $50 per share plus accrued divis. from Dec. 20. purchased by a Orlando, Clyde 4,000,000 Sunray Oil Corp.—John J. Bergen & Co., Ltd., and Burr & Co., Inc., offered on Dec. 6, $4,000,000 5% interest-bearing convertible sinking fund debenture shares, series A (a corpo¬ rate contractual obligation of indebtedness without fixed maturity). Price 100% ($25 per series A debenture share) and accrued interest. / Corp.—Corporation, it was insurance company $2,500,000 15-year 3%% sinking fund debentures. Proceeds to be used to refund $1,550,000 debentures called for payment an Dec. 15 and to furnish additional working capital. 2,113,218 Domestic Finance Corp.—Smith, Burris & Co. of Chicago, New York, and Los Angeles, announced Dec. 14 the comple¬ of the distribution of 74.148 shares preference stock at $28.50 a (no par) cumulative share. 1,750,000 Superior Steel Co.—The company has placed privately an issue of $1,250,000 1st mtge. 5% convertible sinking fund bonds. In addition to the private sale of the bonds, company has arranged a bank loan of $500,000. 1,156,940 (Glenn L.) Martin Co.—A group consisting of Smith, Barney & Co.; Blyth & Co., Inc.; Brown Harriman & Co., Inc., and Otis & maturing in 2,599,000 Onondaga New York, were 30, 1938. 1,175,000 Family Loan Society, Inc.—An issue of 50,000 shares of $1.50 cumul. convertible preferred stock, series A, was offered Dec. 8 by Bodell & Co. at $23.50 flat, to carry the full dividend County, as and reoffered from rate and on chased net cost. They mature from 1941 to 1963, incl. 2,000,000 Chicago, III., refunding bonds were taken by an account headed by the Harris Trust & Savings Bank of Chicago as lMs. at 100.71, a basis of about 1.59%. They mature from 1942 to 1945, incl., and were not publicly reoffered. 1,890,000 Suffolk County, N. Y., various purposes bonds purchased by the Bankers Trust awarded to and Power revenue syndicate headed jointly by Lehman Bros, and Halsey, Stuart & Co., Inc., both of New York, at a of 100.006 for -1939 to 1972, a a combination of $8,740,000 3Ms, due incl., $3,510,000 3Ms, due 1973-1978, $1,750,000 2Ms, due 1939-1945, and $1,250,000 3s. maturing from 1946 to 1950, incl. Bid figured a net interest cost of about 3.62%. IJeoffering.was made at various yields and prices according to ccrnpon rate and maturity. 13,556,000 Metropolitan Water" District of Southern California, Calif., 4% Colorado River water works refunding bonds pur¬ chased from the Reconstruction Finance Corporation by the Chase National Bank of New York and associates at a price of 108. Due serially from 1946 to 1986, incl., and reoffered yield from 2.50% to 3.55%, according to maturity. to 3,957,000 Nassau County, N. Y., various purposes bonds bearing 2.40% interest and due annually from 1940 to 1958, incl., were taken by an account managed by the Chase National Bank of New York at a price of 100.17, a basis of about 2.38%. Offered to yield from 0.50% to 2.60%, according to maturity. 3,600,000 Toledo, Ohio, water works extension first mortgage revenue bonds, including $3,434,000 2Ms due serially from 1941 to 1969, incl., and $166,000 2Ms due in 1970, were sold to a bank¬ ing group managed by Harris, Hall & Co. of Chicago at 100.008, a 2.73% cost basis. City also sold in December an additional $771,244 bonds. 3,199,000 San Francisco, Calif., school and hospital bonds were sold as lMs and 2s to a group managed by Halsey, Stuart & Co., Inc., New York, at 100.006, a basis of about 1.87%. Due serially from 1940 to 1948, incl., and reoffered to yield, ac¬ cording to maturity, from 0.40% to 2%. Co. of New York and associates 1.60s as at 100.249, a basis of about 1.55%. Due from 1939 to 1953, incl., and reoffered to yield from 0.30% to 1.90%. 1,800,000 Westchester County, N. Y., Cross-County Parkway revenue bonds were sold by the Reconstruction Finance Corporation Dec. 3M8, at the price by the Corporation, plus $36. Bonds are due are subject to call. No reoffering was an¬ 1, 1950, and nounced. 1,700,000 Jamestown Bridge Commission, R. I., 4% bridge revenue bonds were sold to Stranahan",'Harris & Co., Inc., and James H. Causey & Co., Inc., bo'h of New York. Due Dec. 1, 1968, and callable prior to thai, date. 1,600,000 Harrisburg, Pa., water impt. bonds awarded to the Firs^ Boston Corp., New York, and associates, as lMs at 100.54a basis of about 1.71%. Due yearly from 1942 to 1963, incl., and reoffered from a yield of 0.80% up to a price of par. 1,400,000 Lake County, Ind., advancement fund bonds, due semi¬ annually from 1940 to 1949. incl., sold to a group headed by Halsey, Stuart & Co., Inc., New York, as 2 Ms, at 100.654. Publicly offered to yield from 1% to 2.50%, according to maturity. " V. 1,345,000 Cincinnati, Ohio, new capita] issues were taken by Brown Harriman & Co., Inc., New York, and associates as 1M® and 3 Ms, at 100.019, a net interest cost of 1.86%. Due serially from 1940 to 1979, incl., and offered for public investment to yield from 0.40% to 2.10%, according to maturity. 1,175,000 Jacksonville, Fla., electric revenue certificates due from 1940 to 1951, incl., awarded to a syndicate managed by Phelps, Fenn & Co., Inc., New York, as 2 Ms and 4s, at a price of par, a 2.37% net interest cost. Reoffered to yield from 0.75% to 2.50%, according to interest rate and maturity. 1,080,000 Tennessee (State of) refunding and county reimbursement bonds, maturing Dec. 1. 1949, were awarded to Lehman Brosof New York and associates as 2Ms at 100.52, a basis cost of about 2.45%. Reoffered to yield 2.35%. 1,054,000 Hudson County, N. J., maternity hospital bonds, maturing serially from 1939 to 1977, incl., were awarded to a group headed by Lehman Bros, of New York as 3s, at 101.08, a 2.93% ) basis. Reoffered from a yield of 0.50% to a price of par for the last maturing bonds. 1,052,000 Flagler and Volusia Counties Ocean Shore Improvement District, Fla., highway refunding bonds bearing interest rates of 4%, 4M % and 5%, & Co. of Orlando and the in joint account. 1,000,000 Jackson, at were purchased by Leedy, Wheeler Clyde C. Pierce Corp. of Jacksonville, Tenn., electric revenue bonds awarded Smith. to Barney & Co., New York, and Hunter, Jones & Co. of Mem¬ phis, jointly, at a price of 100.162 for a division of $503,000 3Ms due from 1941 to 1951, incl., and $497,000 2Ms due 19521959, a net interest cost of about 2.89%. DIVIDEND Dividend CHANGES IN DECEMBER declarations in December were largely of a following list, divided into two sec¬ tions, namely, "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: favorable nature. The CHANGES Abraham & Straus, Inc.—Dividend of 87Mc. a share on the stock, paid on Dec. 28. This compares with 37Mc. distributed on Oct. 25, last, no common a par share Aetna Life Insurance Co.—Extra dividend of 15c. of 30c. a share on the capital stock, par MUNICIPAL FINANCING $15,250,000 Los Angeles, Calif., Department of Water price yield of 2.50% to a price of par, according Municipal Water Authority, Pa., bonds pur¬ by Elkins, Morris & Co. of Philadelphia as 2Ms at 100.84, a 2.46% FAVORABLE Dec. 6 offered 100,000 shares ($10 par) 5%, cumul. convertible preferred stock at $10 a share and. dividends. from a date of maturity. 2,150,000 Bethlehem payable Jan. 1. 1,000,0Q0 Michigan Gas & Oil Corp.—Keeler, Baker & Co., Inc., New were 1959, 2,500,000 Louisiana (State of) highway bonds were sold as 3 Ms and 4s at 100.08, a 3.82%- net interest cost, to a group managed by Blyth & Co., Inc., New York. Due from 1942 to 1960, incl., Co., stock of record at the close of business on Dec. 10, offered the right to subscribe at $20 per share for common stock ($1 par) to the extent of one share for each six shares held. The rights expired on Dec. bonds to a common York, 1952 group N. Y., various purposes bonds were syndicate headed by Phelps, Fenn & Co., Inc., 1.70s, at 100.107, a basis of about 1.69%. Due annually from 1939 to 1968. incl., and reoffered to yield from 0.25% to 2.10%, according to maturity. awarded to Inc., completed distribution on a when-issued basis a block of 57,847 shares of common stock of the company. The stock was offered through the exercise of rights purchased from Glenn L. Martin, President of the company. Holders of 1938, due from 1953 and thereafter subject to call, composed of Leedy, Wheeler & Co., C. Pierce Corp. of Jacksonville and John Nuveen & Co. of Chicago. Sale was made at a price of 97.50. 5,625,000 Monsanto Chemical Co.—Smith, Barney & Co. on Dec. 9 offered 50,000 shares of cumul. preferred stock, series B (no par—$4.50 dividend) at $112.50 a share. tion $1,494,000 4Ms, bonds were to the Chase National Bank of New York as Industrial Loan Corp.—Coincident with an announcement by the corporation that approximately 117,000 a new issue of 150,000 shares of prior preferred stock had been subscribed for by holders of its old privately to incl., and with shares of Addressograph-Multigraph to at of 102 required 7,500,000 BeneficiaL announced Dec. 14, has sold subsequently rescinded when counsel for the each FINANCING $21,071,600 Continental Oil Co.—Holders of record at the close of business on Dec. 2, 1938, of the 4,682,581 outstanding shares of the capital stock of the company, were granted pro rata rights to subscribe in the aggregate to $21,071,600 10-year 2 M% con¬ vertible debentures. Each such record holder of capital stock was granted, with respect to each share of capital stock held, the right to subscribe to $4.50 principal amount of the deben¬ tures at 100% (flat). The debentures were dated Dec. 15, 1938 and mature Dec. 15, 1948. The underwriting group was headed by Morgan Stanley & Co., Inc. 2,500,000 was 3,000,000 Cleveland, Ohio, light and and the First Boston Corp. 750,000 Arkansas Western Gas Co.—1st mtge. series A 15-year 6s, 1953. Refunding working capital. Price 97 M and interest. Underwritten by E. H. Rollins & Sons, Inc. 28 banking group questioned the city's rgiht to incur the debt on own authority. The matter will be submitted to the Mary¬ land Court of Appeals for a final ruling. to 1 900,000 Nov. on its on 240,000 Brooklyn Edison Co.—The P. S. Commission of New capital issues awarded to the new Chase National Bank of New York and associates as 2Ms, at 100.357, a basis of about 2.11%. Due yearly from 1957 to 1970, incl., and reoffered on a yield basis of from 1.90% to regular quarterly of 25c. Ainsworth a share Mfg. Co.—Dividend was a share and a quarterly $10, both payable Jan. 2. A previously distributed. of 25c. a common stock, representing the first 16, 1937, when 75c. was paid. Dec. Akron share was paid Dec. 29 distribution this on on issue the since Brass Mfg. Co., Inc.—Dividend on the common stock increased 22Mc. a share and became payable Dec. 20. Gold Mining Co.—Dividend of 25c. a share on the $10 common stock, payable Feb. 1. Previously regular dividends of from 15c. a share to Alaska Juneau par, 15c. and extra dividends of like amount distributed were each three months. Albany & Susquehanna RR.—Special dividend of $1,50 $100 par, common stock, payable Jan. 14. Insurance Co., Alliance Philadelphia.—Dividend capital stock increased from $1.50 a (A. S.) Aloe Co.—Special dividend stock on 40c. a share the of $1 a on share was paid on the common Dec. 20, last. Meter Co.—Dividend share to 50c. a on the a share common on the stock no par common increased from share, payable Dec. 21. American Securities Shares (St. Louis, Mo.)—Dividend on the stock increased from 7c. a share to 13c. a share and became Dec. 29. v American on the $10 par, share to $2 and were paid on Dec. 28- American Arch Co.—Extra dividend of 25c. stock was paid on Dec. 24. American a Stamping Co.—Dividend on the common payable common stock increased from Dec. 25. 12Mc. a share to 25c. a share, and became payable on American Stove Co.—Dividend on the common stock increased from 10c a share to 20c. a share, payable Jan. 14. American Thermos Bottle Co.—Extra dividend of 75c. on the common stock on Dec. 24. a share was paid JAN., 1939] Co.—Final dividend of 50c. a share for the year 1938 payable Dec. 22. One of 25c. a share was paid Armstrong Cork March 1 last. on Arkansas-Missouri stock from 25c. a Corp.—Dividend increased on share to 35c. a share, payable Dec. 23. Power the common share Corp.—Extra dividend on the common stock of 50c. a regular quarterly of 25c. a share, both M ere paid on Dec. 27. Arundel and a of 45c. a share the common stock, both pay¬ Associated Breweries of Canada, Ltd.—Extra dividend and regular quarterly of 20c. a share on a able Dec. 31. from 25c. a share to 50c. a Emerson Drug Co.—Dividend on the increased from 40p. a share to 50c. a Dec. from Capital Inc.—Final dividend of S3 a share on the common stock Fanny Farmer Candy Shops—Extra dividend of 50c. a regular quarterly of 25c. a share on the common stock, share Mras paid on the common a stock on 24 last. Dec. 24 and compares with 5 cents a share on Sept. Building, Inc.—Christmas dividend of SI a share was paid Dec. the common voting trust certificates. on Fidelity & Deposit Co. of Maryland—Extra paid Dec. 31 on the $20 par common stock. share was paid paid share and share to 40c. a on the common share, payable Jan. 3. • Laughlin, Inc.—Dividend of 50c. a share on the $5 par common stock, payable Jan. 5, representing the first distribution on this issue since Dec. 24, 1937. of like Bond Stores, Inc.—Extra dividend of 20c. a share and a quarterly amount on the common stock, both were payable on Dec. 23. Boston Insurance quarterly of $4 a Co.—Special dividend of $5 a share and a regulaf share on the capital stock, both payable Jan. 3. Boston Investment Co.—Dividend of $2 with one of $1.50 compares a a share was paid Dec. 29 and a share, an extra of 40c. and the regular quarterly of 30c. all on the common stock of no par value and all became payable on Dec. 24. o^ Bralorne Mines, Ltd.—Extra dividend of 10c. a share and a quarterly 20c. a share on the no par common stock, both payable Jan. 14. Pre¬ distributed. Briggs Mfg. Co.—Dividend of 50c. a share on the no par common stock, payable Oct. 24. This compares Mith 25c. paid on Sept. 30 and June viously regular quarterly dividends of 15c. a share were 30, last. Inc.—Dividend of $2 a share was paid Dec. 27 on the common This compares with $1 paid on April 22, last. Brinks, stock. Broad Street Investing creased from 14c. Bucyrus-Monighan Inc.—Dividend on the capital stock in¬ a share, payable Jan. 3, next. Co., share to 18c. a Co.—Extra dividend of $1 share on the class A a stock was paid on Dec. 20. ! Buffalo Insurance quarterly of $3 Co.—Extra dividend of $2 a and share a regular share were paid Dec. 30 on the capital stock. a Building Products, Ltd.—Extra dividend of 10c. a share and an initial dividend of 17%c. a share on the new common stock now outstanding, both payable Jan. 3. Celanese, Ltd.—Dividend of 75c. a share on the common stock, payable Dec. 31. This compares with 25c. a share paid on March 31, 1938 an d $4 regular quarterly dividends of 40c. a share distributed previously. Canadian Industries, Ltd.—Dividend ofjyp.,50 a share was 23 on the class A and class B commqA^Jpgegfe. This compares a share paid on Oct. Carborundum Carnation Co.—Extra dividend of 50c. of 50c. share a on the common a share was share and stock, a payable semi-annual dividend Dec. 19 and Jan Celanese Corp. of America—Dividend of $1.75 a share on the series prior pref. stock and $5 a stock. The former becomes due Dec. 31 on next. a dividend of 25c. a share and a regular quar¬ terly of like amount on the $2.50 non-cumulative class A stock, both were payable Dec. 23. 15c. on the Cliffs Corp.—Dividend on the common stock increased to 15c. a share and became payable Dec. 21. Climax Molybdenum Co.—Year-end dividend of $1 a from 25c. from 10c. share and a from 15c. 70c. a a 12Mc. 15c. on Insurance on of 15c. the common stock. a share was Hart & the Cooley Co.—Extra dividend of $1.50 a share was paid Dec. 16 on par, common stock. $25 Times, Inc.—Dividend resumed on the common stock by the 15. This compares with $1.50 a share a share on Dec. Dec.Jl5, 1936. Sugar Co.—Dividend on from 15c. a share to 30c. a share, and a dividend 15, last. the $20 par, common stock increased payable Jan. 15. dividend of $1 a share was paid Dec. 23 on the (Walter E.) Heller & Co.—Extra dividend of 20c. a share and a regular quarterly of 10c. a share on the common stock, both were payable Dec. 27. Co.—Dividend of $1 a share was paid Dec. 21 on the This represented the first distribution on this issue 1937, when a regular semi-annual dividend of 50c. a share Hershey Creamery stock. since Dec. 21, paid. was Hobart Mfg. Co.—Extra class A stock. dividend of 50c. a share.^as paid Dec. 23 on the v Indemnity Co.—Initial dividend of 50c. a share was paid Dec. 20 the common stock.. Home on Mfg. Co.—Dividend of 15c. a share on the $2Kj>ar, common stock This compares with 10c. a share on Sept. 26, last. paid Dec. 23, last. share on the 7% cumul. pref. pref. stock, par $25, The above payments will clear up all arrears on Hotel Statler Co., Inc.—Dividends of $7 a both payable Jan. 3. the preferred issues. Sound Co.—Extra dividend of 50c. a share as well as the regular quarterly dividend of 75c. a share on the $5 par, common stock, both were paid on Dec. 23. Howe Ideal Cement Co.—Christmas dividend of 35c. a share and a regular quar¬ . terly of like amount were paid Dec. 21 on the Dejay Stores, Inc.—Dividend on the common stock of $1 par, increased from 10c. a share to 20c. a share, payable Jan. 1. Fund, Inc.—Special dividend of 10c. a share was paid Dec. 21, Illuminating Shares Corp.—Extra dividend of 25c. a share wa? paid Dec. 28 on (^Industrial Mras paid Harvester Co.—Final dividend of 25c. a share on the common the class A stock. Acceptance Corp., Ltd.—Extra dividend of 12Kc. a share on the $2 non-cumulative class A stock on Dec. 31. paid Dec. 23 Inland Investors, Inc.—Final dividend of 25c. a share was on the no Interbanc ' on par common stock. Investors, Inc.—Dividend of 10c. a share was raid Dec. 23, This compared with 5c. a share distributed on 1937. the common stock. Dec. 24, Inter-Island last. $10 par, common stock. Illuminating & Power Securities Corp.—Extra dividend of $1.35 a share was paid Dec. 24 on the $50 par, common stock. ... Brothers, was Steam Navigation Co., Ltd.—Dividend of 20c. a share This compares with 10c. paid Dec. 21 on the $18 par, capital stock. on Sept. 28, last. paid 21, last. New York.—Extra dividend of $1 a share and a regular quarterly of $1.50 a share on the common stock, both payable Jan. 3. Dixie Howe Stores—Extra of 15c. and a quarterly dividend of like amount on the common stock. The former was paid on Dec. 22, last, and the latter becomes due on Jan. 14. Discount Corp. of Duff-Norton Mfg. Co.—Dividend on the regular common from 25c. a share to 50c. a share, payable Dec. 10. stock increased Ecuadorian Corp.—Extra dividend of lc. a share in addition to the dividend of 3c. a share on the ordinary stock, both payable Jan. regular 1. Ry. Co.—Dividend of $1.50 a share was the 1st preferred stock, series A on Dec. 22, last, and was the Eastern Massachusetts Street 15, 1930. Edison Bros. Stores, Inc.—Extra common stock on Dec. 27. on Hazeltine Corp.—Special common stock. 12. first distributed since Nov. stock stock and became payable Dec. 17. Hawaiian Electric, Ltd.—Extra dividend of 20c. a share of 14c. a share were paid on the common stock on Dec. increased from 35c. a share to 50c. a share and was payable Dec. 24. on dividend of 75c. a share was paid Cooperage payment of $1 a Inc.—Dividend on the common stock increased from 2 He. a share to 5c. a share and was payable Dec. 29. Deisel-Wemmer-Gilbert Corp.—Dividend on the $10 par common stock paid Bros. increased from $1 a share to $1.50 a share, paid Dec. 27 last. stock paid Dec. This will bo the first Feb. 1. Harrisburg Railways Co.—Dividend on the common stock increased from 10c. a share to 12c. a share and became payable Dec. 28. Davenport Hosiery Mills, Inc.—Dividend on the no par common stock increased from 25c. a share to 75c. a share and became payable on Detroit the common stock, payable stock, par $100 and $1.50 a share on the 6% cumul. Shares Corp.—Special dividend of 45c. dividend on Griesedieck Western Brewery Co.—Dividend on the common the class A pnd B common stock. Co.—Initial stock of $1 a share, & Power Co.—-Dividend of Smelting Greyhound Corp.—Extra dividend of 30c. a share and a regular quarterly of 20c. a share on the common stock, both were paid on Dec. 25, last. stock, both payable Dec. 31. stock, payable Jan. Delaware share dividend of 25c. Corp.—Dividend on the $3.20 cumui. class A common stock of no par value increased from 40c. a share to 80c. a share and became payable Dec. 29. Greif Cuneo Press, Inc.—Extra dividend of 75c. a share on the no par common Davidson a a stock increased from dividend paid since 1936. Crum & Forster, Inc.—Special dividend of 50c. a share was paid Dec. 24 on the $10 par common stock. paid Dec. 21 share and share and was paid on Dec. 15, last. a Great Lakes Dredge & Dock Co.—Extra Dec. 22 on the common stock. Hoskins Products a the common stock. 16. Jan. common & Forster on Granby Consolidated Mining, payable Jan. 3. Dec. 20 share to 15c. a payable Consolidated Mining & Smelting Co. of Canada, Ltd.—Extra dividend of $1 a share and a semi-annual distribution of 50c. a share on the $5 share was paid Dec. 15 were Hoist Co.—Dividend on the no par common Gorham Mfg. Co.—Dividend on the no par common Consolidated Bakeries of Canada, Ltd.—Extra dividend of 15c. a share and a regular quarterly of 25c. a share on the no par common stock, both Crystalite share Globe Lamp & Stove Co.—Company resumed dividends on the no common stock by the payment of $1.50 a share on Dec. 22 last. Crum of 75c. Gilmore Oil Co.—Extra dividend Rosenberger—Dividend on the common stock increased from share to $1 a share and was paid on Dec. 29. par capital beneficial paid on Dec. 20 General Printing Ink Corp.—Dividend on the common stock increased from 10c. a share to 20c. a share and became payable on Dec. 28 last. Coleman par Dec. 24 last. last. Dec. 23. & the common stock increased on share to 20c. a share and became payable a interest, par $1, increased from 4c. to 6c. a share and was regular quarterly of 30c. a share on the no par common stock; both were paid on Fireproofing Co.—Dividend General Investors Trust—Dividend on the company's shares of a share a stock, tne common Hawaiian on *the capital stock increased share to 35c. a share and became payable on Dec. 22 last. share was paid on Dec. 28 on first since March 21, last, when 10c. a share was distributed. distributed Churngold Corp.—Dividend from share to 30c. General the common stock increased Dec. 23. Cohn a General Finance Corp.—Dividend of 5c. a share, payable Jan. 15. a Chicago Flexible Shaft Co.—Extra dividend of $1 a share and a regular quarterly dividend of like amount on the capital stock; both were paid on Capital Corp.—Dividend on the common stock increased a share and became payable on Dec. 23. General Hartford share to 20c. paid Dec. 24 General Candy Corp.—Extra on Chain Store Investors Trust—Dividends from 15c. 7% sum. share on the 7% cum. 1st partic. pref. Jan. 1, 1939, and the $5 distribution . of 35c. a share was paid Dec. 22 on the $5 par common stock. An extra of 10c. a share and a dividend of 15c. a share were paid on Oct. 1 last. 3, respectively. from stock increased 29. dividend of 25c. a share on General Baking Co.—Dividend with $1.25 paid Dec. 24 on the with 65c. paid on Sept. 30 last. a common Garlock Packing Co.—Final dividend of 75c. a share was on the common stock. 31, last. Co.—Dividend of $1.10 stock and compares common paid Dec. the on share and became payable Dec. a stock, payable Jan. 3. the preferred Canadian , share to 75c. Foreign Bond Associates, Inc.—Dividend on the common stock increased from 10c. a share to 12%c. a share and became payable Dec. 22 last. share distributed on Dec. 2j 1937. (E. J.) Brach & Sons—Special dividend of 30c. a Foote Bros. Gear & Machine Corp.—Initial stock increased from 30c. a Inc.—Dividend Bickford's, 50c. Co.—Dividend Stove Florence Beatrice Bliss & the common .amounted to 20c. a The last previous dividend, a quarterly, was distributed on Dec. 20, 1937. stock. the common stock. on on on shares. common Flintkote Co.—Dividend of 60c. a share was paid Dec. 20 on Bankers Investment Trust of America—Initial dividend of 10c. a share Creamery Co.—Extra dividend of 75c. a share and a regular quarterly of 25c. a share on the common stock, both payable Jan. 3. dividend of $1 a share was Fisk Rubber Corp.—Initial dividend of 50c. a share was paid Dec. 20 the common stock, and the first paid by the reorganized company the Baltimore Radio Show, Inc.—Special dividend of 50c. a Dec. 24 on the 20c. par common stock. was share and a both payable Dec. 27. Baldwin Co.-<-Dividend of 15c. 20 increased Canadian Corp., Ltd.—Extra dividend of 20c. a share and a regular quarterly of 15c. a share on the no par value common stock, both were paid on Dec. 22. * regular both payable 2. Balfour 30. Bearing Co.—Dividend on the $25 par common stock $1 a share to $2 a share and became payable^ Dec. 15. Fafnir paid on Dec. 23. was share and became payable Dec. 20. Famous Players quarterly dividend of 25c. a share on the capital stock, Aviation class A and class B common stocks Equitable Investment Corp. of Mass. (Boston)—Dividend on the com¬ mon stock increased from 15c. a share to 20c. a share and was payable Automobile Insurance Co.—Extra dividend of 40c. a share and a Jan. stock increased share and became payable Dec. 23. Electric Auto-Lite Co.—Dividend on the $5 par, common the common stock, on 1$ MONTHLY REVIEW , dividend of 25c. a share was paid on the International Mining Corp.—Dividend on the common from 10c. a share to 15c. a share and became payable on stock increased Dec. 20. stock by the Jefferson Electric Co.—Dividend resumed on the common declaration of 25c. a share, Julian payable on .Tan. 2, next. Co.—Semi-annual dividend on the no par, common from 50c. a share to 75c. a share, payable Jan. 15. & Kokenge stock increased Keith-Albee-Orpheum Corp.—Dividend of $3.50 a share was raid Dec. 23 on the 7% cumulative convertible preferred stock of $100 par. This com¬ pared with $1.75 a share paid on Oct. 1, last. Kemper-Thomas Co.—Dividend of 10c., a share was paid common Dec. 24 on the stock. (G. R.) Kinney Co., Inc.—Dividend of $1.50 a share was paid Dec. 28 or the $5 prior preferred stock, the first since Dec. 27, 193^ Avhen an initial of like amount was distributed. 14 MONTHLY REVIEW Lamaque Gold Mines, Ltd.—Initial dividend of 10c. a share the com¬ on pany's stock, payable Jan. 3, next. Inc.—Final dividend of $1 paid on Dec. 23, last. was share a the on new quarterly of 30c. share a common stock a the on class B of five cents and stock, Jan. 15. a both payable the on no par, common stock increased from sh|re to 20c. a sharp, payable J?p.. .25. Co.—Dividend of 20c. a share was Pollack Mfg. stock and compares with 15c. mon Langendorf United Bakeries, Inc.—Extra dividend regular Philadelphia Co.—Dividend 10c. Lone Co., paid Dec. 22 share distributed a Prentice Mfg. Co.—Extra distribution of $1 Dec. 15, last, on the $25 par, common stock. the on com¬ Oct. 28, last. on (G. E.) share was paid a . La Salle Extension University—Dividend stock on Dec. common of 10c. 22, the first distribution share was paid on the this issue since July 1, a on 1927. (F. & R.) Lozarus & Co.—Dividend from 12 He. a share to 50c. the p'hr common stock increased share and become payable on Dec. 27. last. a on no Lee Rubber & Tire Corp.—Dividend of 50c. payable Feb. 1. share a on the common stock, Loomis-Sayles Mutual Fund, Inc.—Dividend Dec. 23 last of $1.25 a share was paid the common stock and compares with 50c. a share paid on Oct. 1, last. on share a , Millon Co.—Final dividend of 50c. payable Jan. 10. share a the share paid on Sept. . common was paid Dec. 15, last regular quarterly of 15c. a of $10 a share paid Dec. 29 was the on par common stock. P. R.) Mallory & Co.—Dividend of 10c. stock, the first since Dec. common a 10, distributed. share was paid Dec. 20 on the 1937, when 25c. a share was * Mapes Consolidated Mfg. Co.—Extra dividend of 50c. a share and a regular quarterly of similar amount on the common stock. The former was paid on Dec. 26, last and the latter became due on Jan. 1. Marine Midland Corp.—Dividend 10c. share to 12c. a on the common stock increased from share, payable Jan. 3. a & Telep. Co., Ltd.—Extra dividend of 2Hc. a share regular quarterly of 17Hc. a share on the $10 par, common stock, both payable Jan. 15. McCrory Stores Corp.—Dividend of 75c. Merchants & Miners a share was paid Dec. 23 on This compares with 50c. a share paid on Trasnportation Co.—Dividend of 25c. the cbmmon stock became payable Dec. 29. distribution paid. was Meyer-Blanke Co.—Dividend a share to 40c. a share a on This represented the first Sept. 30, 1937, when a regular quarterly the issue since on of 40c. a share on the stock increased from 30c. share and became payable Dec. 22. common Middlesex Products Co.—Extra of 15c. a share and a regular quarterly of 25c. a share were paid Dec. 20 on the $20 par, common stock. Midwest Piping & Supply Co., Inc.—Extra dividend of 15c. a share was paid Dec. 22 on the common stock. Milnor, Inc.—Dividend on the to 15c. a ' share a on Jan., 10. Montgomery Ward & Co.—Extra dividend of like amount on the common share a the common stock, payable of 25c. share and a a quarterly stock, both payable Jan. 14. a share to 45c. a on the common stock increased from share and became payable Oct. 24. Muskegon Piston Ring Co.—Dividend stock common issue Dec. on Mutual on on Dec. 27, last, and of 15c. one share a of 50c. the common stock, (Hawaii)—Dividend paid on the on the above Narragansett Racing on Association, ($1 par) stock increased from 25c. a next. share paid was regular quarterly a Inc.—Dividend share to 35c. a a ttie on common share, payable Jan. 4, National Aviation Corp.—Dividend of 25c. a share on the common stock, payable Jan. 14, the first to be paid since Dec. 15,1936, when $1 a share was distributed. National Bond & Share Corp.—Special dividend of 10c. Dec. 21 last on the capital stock. National City Lines, Inc.—Dividend of 50c. a share was stock mon on Dec. 27 and compares with 25c. a December, 1937. share paid was the on paid initial distribution of 15c. share to 4c. a a a in share was made. Cdrp.—-Dividend share and was the capital stock increased from paid on Dec. 24. on Natomas Co.—Extra dividend of 10c. a share and a regular quarterly divi¬ dend of 20c. a share were paid on the common stock on Dec. 27 last. New Hampshire Fire Insurance Co.—Special dividend of 20c. a share a regular dividend of 40c. a share on the $10 par capital stock, and both payable Jan. 3. New Process Co.—Dividend of $1 a share was paid Dec. 23 on the common stock and compares with 50c. a share distributed on Nov. 1, Aug. 1 and May 2 last. New York & Honduras Rosario share Mining Co.—Final dividend was Power Co. (Del.)—Quarterly dividends of $1.31 H a share on the 7% cum. pref. and $1.12H o share on the 6% cum. pref. stock for the quarter ended Sept. 30, 1938, payable Jan. 20. Northern States Power Co. (Wis.)—Dividend of $40.25 a share on the preferred stock for the period from March 1, 1933 to Nov. 30, 1938, payable not later than Jan. 10 next. Northwestern National Insurance Co.—Extra dividend of 75c. was paid Dec. 31 on the common stock. a share Ry. & Land Co.—Extra dividend of 20c. a share and a regular monthly dividend of 15c. a share were paid Dec. 10 last on the com¬ stock. Ohio Wax Paper Co.—Extra dividend of 75c. a share and a regular quar¬ terly of 25c. a share on the common stock became payable Dec. 22 last. Oswego Falls Corp.—Dividend of 30c. on 15c. share to 45c. a Dec. made a share on the capital stock paid A regular quarterly disbursement of 10c. a share was Nov. 1 last. 15 last. on Otter Tail Power Co. (Minn.)—Dividend of $2.25 a share on the founders' stock and on the special stock became payable Dec. 22. The distributions were Pacific Can Co.—Dividend resumed of 50c. a share on Dec. 22 last. had been June 30, foregoing the first made in some on the time. common stock by the payment Previously dividends distributed quarterly from 1937. Sept. 30, 1936 Pacific Parker Rust Proof of 25c. to and a share including Telephone & Telegraph Co.—Dividend on the common stock increased from $1.50 a share to $2 a share and became payable Dec. 21. Co.—Dividend creased from 22 He. a share to 25c. Patino Mines payable & Enterprises Consolidated—Dividend stock increased from 25c. conunon on Petroleum the $2H Par common stock share, payable March 1. on a a share to 75c. Dec. 24. Exploration, quarterly of like amount stock. Inc.—Extra were both dividend paid Dec. 15 of on a on the $10 in¬ par share and became 25c. a share and a the $25 par common . (J. C.) Penney Co.—Extra dividend of $1 a share and a fegular quarterly of 75c. a share were paid Dec. 20 last on the common stock. Peter Paul, Inc.—Dividend on the no par shares increased from 25c. 35c. a share and became payable on Dec. 30. of $1 a share on on the common stock increased from share and became payable on Dec. 24, last. a Commercial Dec. 27 on the $100 par, common stock increased on from $1 a share to $1.50 and was payable Dec. 27. Corp.—Extra dividend to of 20c. share a paid was the $10 par, common stock. Seaboard Surety Co.—Special dividend of 4Cc. on the $10 par, common stock. share was paid Dec. 30 a Shawinigan Water & Power Co.-—Dividend on the common stock in¬ creased from 20c. a share to 2Sc. a share, payable Feb. 15. Sierra Pacific Power Co.—-Dividend on the common stock increased from 50c. a share to $1 a share and was paid on Dec. 24. Signode Steel Strapping Co.—Dividend of 25c. a on the common stock, the first since Nov. 15, quarterly of 62He. a shafe was disbursed. Sonoco Products Co.—Extra dividend of 25c. share when share and a paid Dec. 28 a regular was 1937, quarterly of a 15c. a share on the common stock, both were payable Dec. 19. Southeastern Greyhound Lines—Initial dividend of 50c. a share common stock, payable Jan. 25. Southern Berkshire was Power paid Dec. 28, on & Electric from 20c. a share to 25c. a the on share a paid on Dec. July 29, last. was on dividend the on of no par, common 80c. a stock increase share and became payable Dec. 22. Sperry Corp.—Dividend of $1 tributed Co.-—Final the $25 par, common stock. Southern Wearring Co.—Dividend 19 the common stock voting trust with 60c. a share dis¬ on and compares Square D Co.—Dividend 15c. share to 30c. a on the $1 par, common stock increased from share, and became payable on Dec. 23. a St. Croix Paper Co.—Dividend of $2 a share was paid Dec. 23, on the common stock. Last previous dividend on Jan. 15, 1938 amounted to 50c. share. a Cap & Seal Corp.—Extra dividend of 20c. share a paid was Dec. 28, on the $1 par, common stock. State Street Investment Corp.—Special dividend of $5 Dec. 20, on the common stock. In addition the dend the on payable on common was increased from 25c. a share to 50c. a was share and is a Jan. 16, next. Sunshine Mining Co.—Dividend 40c. to 60c. share and a Superior Oil on payable was the Dec. 24. on Inc.—Dividend 10c. share a a share to 10c. a Torrington Co.—Dividend of 25c. the on Mining Co.—Dividend increased from 5c. last. Jan. 2, next. increased from was Dec. 28. on Standard stock common Corp.—Initial dividend of stock Thompson-Products, Tintic share paid regular quarterly divi¬ no par on the $1 share on the stock common par, share and became a paid Dec. 27. on the on This compares with 20c. paid on Towle Manufacturing Co.—Extra dividend of $1 on the capital stock. common payable stock Dec. 23, on common stock, payable Oct. 1, last. a share was paid Dec. 19 Travelers Fire Insurance Co.—Final of $12 and a regular quarterly divi¬ dend of $4 a share on the common stock. The former was paid Dec, 23 and the latter on Dec. 30. Union Metal Mfg. Co.—Dividend of 15c. stock Dec. on number United 20 and the was share a paid on the common by the company in a was first \distributed of years. Corp.—Dividend of 75c. able Jan. a share on the $3 cum. pref. stock, pay¬ This represents the first payment to be made since April regular quarterly of 75c. was distributed. 18.. United Fruit from 75c. United a a Co.—Dividend share to $1 Shirt a on the no par, stock common share and is payable on Jan. Distributors, Inc.— Dividend on increased 14, next* the This compared V U. S. Fidelity & Guaranty Co. (Bait.)—Initial dividend of 25c. will be paid Jan. 16 on the common stock. United States Guarantee Co.—Special dividend of 40c. Dec. 24, on the $10 par, capital stock. United States share was International' Securities paid Dec. 27, on the $5 cum. stock common amounted to 20c. a share and was paid on Dec. 27, last. with 12He. paid on Dec. 23,1937. value. Oahu mon Dec. 15, last. on Sangamo Electric Co.—Dividend Sayers & Scovill Co.«—Dividend a paid Dec. 31 last on the $10 par capital stock. American Rayon Corp.—Dividends resumed on the class A and common stocks by the payment on Dec. 17 last of 25c. a share. Like amounts were distributed on Dec. 23, 1937. class B States paid was Russell Industries, Ltd.—Extra dividend of $] a share and a regular quar¬ terly of $1.50 a share on the common stock. Both were payable Dec. 31, last. 1, 1938, when of $1.50 North Northern share and a share was a the new common stock increased on rasumed by the payment of 25c. a share com¬ share distributed National Gas & Electric Corp.—Dividend of 20c. a share on the common stock, payable Jan. 29, and the first paid since Dec. 20, 1937, when an National Investors share to 20c. of 3c. stock.. common Ross Gear & Tool Co.—Dividend of 50c. a share was paid Dec. 20 on the no par common stock. This compares with 30c. a share paid on Oct. 1, last. common a paid. w as non-voting common shares and on the dividend obligation stock, all were payable Dec. 21. This compares with 50c. paid on June 30, last. Standard of 30c. Dec. 10 and compares with share distributed on Sept. 15, last. a was share a 15, last. Telephone Co. of 20c. 2c. a certificates Murray Ohio Mfg. Co.—Dividend 15c. the on Richmond, Fredericksburg & Potomac RR.—Dividend share capital stock increased from 10c. share, payable Jan. 3. Mission Oil Co.—Dividend of $1.65 regular quarterly of like amount Rhinelander Paper Co;—Dividend a the $1 par, common stock. Dec. 20, 1937. a Republic Realty Mortgage Corp.—Initial dviidend Seaboard Maritime Teleg. and of 5c. a share was paid Dec. 28 on This distribution represented the first since Reinsurance Corp. of New York—Dividend of 32 He. a share was paid Dec. 27 on the $2 par, capital stock and compares with 7He. paid on July 15, last. from 10c. stock, share a 15, last. Mahoning Coal RR.—Dividend $50 a stock and compares with common Folding Machine Co.—Dividend the $10 par, common stock. Dec. 28, 1937, at which time the voting and (R. C.) Mohon Co.—Final dividend of 55c. on the on Dec(|. 15, 1937. Reece paid Dec. 29 Louisiana Land & Exploration Co.—Extra dividend of five cents was paid Dec. 22 on the common stock. Mac Red Indian Oil Co.—Dividend of 3c. a share on the $1 par, common stock. This was the first distribution on the issue since a share a share was paid Corp.—Dividend of 50c. 1st preferred stock of no a par '* • Universal Cyclops Steel Corp.—Dividend on the common stock increased from 12He. a share to 25c. a share and became payable on Dec. 28. Universal Leaf Tobacco Co.—Extra dividend of $2 a share and a quar¬ terly dividend of $1 a share were paid Dec. 23 on the common stock. The extra was paid on Dec. 23 and the senting an Universal increase of 25c. Products increased from 25c. Van Norman Co., a quarterly distribution share) becomes due on Feb. 1, next. a Inc.—Dividend share to 45c. Machine Tool a on the share and Co.—Dividend as on no par paid the on (repre¬ common stock Dec. 21. common stock in¬ creased from 40c. a share to 60c. a share and became payable on Dec. 20. Victor Chemical Works—Dividend on the $5 par, common stock increased from 20c. a share to 35c. a share and became payable on.Dec. 27. Vogt Mfg. Corp.—Dividend snare to 30c. a share and on was the common stock increased from 20c. a payable Dec. 21. Washington Ry. & Electric Co.—Special dividend of $14 $100 par common stock vvas paid on Dec. 20 last. a share on the Weeden & Co.—Dividend of $1 a share was paid on the no par common stock on Dec. 30 and represented the first paid since Sept. 30, 1937, when a regular quarterly of 50c. a share was distributed. West Michigan Steel Foundry Co.—Dividend resumed on the common stock by the payment of 12 He. a share on Dec. 22. One of 20c. a share was made on Dec. 24, 1937. West Point Mfg. Co.—Dividend on the $20 par common stock increased from 20c. a share to 30c. a share, payable Jan. 3. Weston Electrical Instrument Corp.—Dividend on the common stock increased from 25c. a share to 50c. a share and was payable Dec. 20. Electric Light & Power Co.—Dividend on the $100 par capital stock increased from $1 a share to $2 a share and became payable Winchendon on Dec. 28 last. ( (Wm.) Wrigley Jr. Co.—Extra dividend of 25c. a share was paid on the no par common stock. According to the stock index of the "Times," the market Dec. 28 share was distributed. with a decreased from 10c. a Corp.—-Dividend share to 7c. a decreased stock reduced from 50c. a Allied Mills, Inc.—Dividend on the common share to 25c. a share, payable Dec. 27. American Business Credit on the class A common stock Dec. 5, share and became payable on last. Republics Corp.—Dividend ordinarily due about, this time on stock omitted. American the $10 par, common stock decreased American Seating Co.—Dividend on the no par common from $1 a share to 50c. a share, payable Dec. 27. a share to 40c. share and became payable a stock Dec. 23. Atlantic Oil Investment Corp.—Dividend reduced on the common stock from 15c. a share to 10c. a share and was paid Dec. 28, last. Corp.—Dividend usually payable at this time on the voting trust certificates for common shares omitted. A distribution of $4 was made on Dec. 24, 1937. Balaban & Katz Brazilian Traction, Light & Power Co., Ltd.—No action taken at this time with respect to the ordinary shares of the company. A distribution of 50c. a share was made on July 5, last. California Packing no par common 15 and Nov. Corp.—Dividend ordinarily due at this time on the Distribution of 25c. a share was made on shares omitted. Aug. 15, last. on Raynolds Co.—Dividends ordinarily due at this time on the class stocks omitted. Distributions of 25c. a share were made Devoe & A and B on common stock decreased Publications, Inc.—Dividend on the common stock V. t. C. reduced from 20c. a share to 15c. a share and became payable Dec. 22. Federated FiltrWl^Co. of California—Dividend 25c. a share to 15c. a share and was reduced from of the dividend cumul. partic. pref. stock Inc.—Payment Publications, Consolidated Hearst on the common stock paid Dec. 30, last. ordinarily due at this time on the class A 7% of $25 par, omitted. Kellogg Switchboard & Supply Co.—Dividend of 5c. a share on the no par common stock, payable Jan. 31. This compares with 15c. paid in each quarter of 1938. Lane Wells Co.—Dividend on the $1 par common stock reduced from 30c. a share to 20c. a share and was payable on Dec. 20 last. Inc.—Dividend ordinarily due at this time Lessings, on the common omitted. stock stock reduced from $1 a share to Lisk Mfg. Co.—Dividend on the common 50c. a share, payable Jan. 3. Macmillan Petroleum Corp.—Dividend of 50c. a share was paid on Dec. 27 on the common stock and compares with $1 a share distributed on Dec. 27, 1937. . Modine Mfg. Co.—Dividend of 25c. a share was paid on the no par com¬ mon stock on Dec. 20. This compared with 50c. a share distributed on share on the no This compared Dec. 23. par common stock, which became payable with 45c. a share paid on Dec. 23, 1937. National- Supply Co. (Pa.)—Dividend of 75c. on the 6% prior preferred and 68%c. on the 5 34 % prior preferred stock, both were paid on Dec. 28 No action taken Full payments represented half of the regular quarterly rates. on the quarterly dividend on the $2 preference stock. were previously made on all three issues. last and ' 40c. Corp.—Dividend on the common stock decreased share to 25c. a share and became payable on Dec. 20 last. Electric Noma a Oahu Sugar Co., Ltd.—Dividend on the common a share to 5c. a share, payable Jan. 14. from stock reduced from 10c. Parkersburg Rig & Reel Co.—Dividend on the common from 40c. a share to 25c. a share, payable Jan. 15. stock decreased share on the capital One of $1.75 a share was paid on Paterson & Hudson River RR.—-Dividend of $1.50 a stock, par $50, payable Jan. 3 1939. Jan. 3, 1938. Philippine Long Distance Telephone Co.—Dividend of 38c. a share was paid Dec. 23, last, on the common stock and compares with a monthly distribution of 42c. a share distributed on Nov. 30, last. Railway & Light Securities Co.—Dividend of 15c. a share was paid stock. A distribution of 20c. a share was Dec. 24, 1937. Dec. 28 on the no par common paid on Remington Arms Co.—Dividend of five cents a share was paid Dec. 23 on the common stock. A last previous payment of 18c. a share was made on Dec. 23, 1937. Leather Seton a value, compared with $155,868,000 in November and $185,179,000 in October. The bond average of the "Times" showed a rise of 1.20 points in December as against a share to 30c. Co.—Dividend on the common stock reduced a share and became payable Dec. 29. Southern New England Telephone Co.—Dividend on the decreased from $2 a share to $1 a .share, payable Jan. 15. Standard from 50c. capital stock, Spring Co.—Dividend on the common stock reduced 40c. a share and became payable Dec. 30, last. Steel from 75c. a share to Timken Detroit Axle Co.—Dividend of 50ct a share was paid Dec. 20 on the common stock and compares with $1 a share distributed on Dec. 24, 1 1937. Public Service Co. (Minn.)—Dividend of $1.50 a share on the commbn stock, payable Jan. 3. Dividends of $6 a share were paid on July 1, last. United States Foil Co.—Dividend share was ordinarily due at this time on the 7% A regular quarterly of $1.75 a preferred stock omitted. paid on Oct. 1, last. cumulative Westinghouse Air Brake Co.—Dividend on the common stock decreased from 25.9169c. a share to 12)4c. a share, payable Jan. 31. The significance of the stock market's DECEMBER December did not lie in the extent of the change in prices. Of more was importance was the fact that a resistance followed the November elections. first established on Nov. 26, This resistance level was and then during the week from Dec. 3 to 10. eral level point apparently reached after the fairly sharp setback which days manifested their unwillingness that for was around the rest climbed of the stock index was tested anew When prices for sev¬ to drop below a of the New York 'Times" 102, the trading community took heart and over the month briskly to a prices were bid up. peak on Dec. The market 15, edged lower for a week, and then closed the month with a burst of strength, with prices ending the year their best levels of November. within about two points of The net a year that for Wall Streetavas, standpoint, the least satisfactory in out closed was commission the from a strong week of the month, when stock prices also the last Thus Dealings in stocks totaled for the full good many years. only 297,466,722 shares, the smallest turnover in any year year since 1924. This total compared with one of 409,464,570 shares in 1937 and 496,046,869 shares in 1936. Though bond dealings in December were the largest of any month of the year, transactions in bonds on the New York only $1,859,865,000 par value, since 1917. In 1937 bond totaled $2,792,531,000 par value and the 1936 aggregated Exchange the smallest volume for any year transactions total $3,576,874,000. stock transactions took place in spite fact that the market over the year enjoyed an was This of shrinkage in the The net advance, as measured by the stocks, amounted to 22.51 points as against a drop of 50.76 points in 1937 and a rise of 23.81 points in 1936. The bond index, on the other hand, experi¬ enced a decline of 1.11 points in 1938. Looking back over appreciable advance. "Times" the notes that the share market started firm one year, 50 of average registering an advance of 0.27 point advance of 6.19 points in February. of fall heavy 21.66 points by in January and an Then followed the March, followed by a 7.12 in point rise in April. In June—on June 20, to be exact—the market suddenly bolted upward and amassed gains totaling points, followed by a net rise of 4.64 points 18.71 Czech the After turned crisis but weak, very in July. developed in September, stocks after the Munich conference, on Sept. 29, the advance was resumed, resulting in a 7.39 point advance in October. The high point of the year Was the market by on Nov. 10 at 110.74, while the level was 108.51. The high for 1938 compared with the 1937 high of 142.93 and the 1936 high of 144.44. closing The 1938 high was under the 1936 low of 111.90. 1938 to an increasing extent The stock market showed in the effects of regula¬ speculative 1920's, and is Securities and Exchange Commission More and more the market is losing the which flavor marked its behavior in the market. The Com¬ mission has proved swift in its unearthing and punishment of pool activity, and the severe margin regulations tend to cripple legitimate speculative activity. The use of credit in stock market operations is at a low ebb. In the bond market the cost and inconvenience of complying with SEC regulations with respect to new issues are diverting more and more financing that used to be handled by the capital market machinery to the field of private investment sales. So far as bonds are concerned, ownership is tending to become more institutionalized, and institutions notoriously do little trading in bonds. When the first paid non-member President of the New York Stock Exchange took office on May 16, 1938, official recognition was given to the new taking on the aspect of an investment status of the markets. Reverting the to issues aircraft December market, one finds that the the feature of trading during the were thus rounding out two months of advance. Ever Administration began to display increased interest month, since the in armaments, the airplane stocks have been in considerable outstanding in their strength in December were the railroad equipments, the steel stocks, the manufacturing issues, and the rails. The groups that were least responsive to the influences making for strength in the general market were the store stocks and Other groups which were the food issues. Business stock supplied a reasonably encouraging backdrop for market's December rise. All indications were activity was of smaller than Department store sales all over the country were above the previous year's volume, even though prices were lower. The Federal Reserve Board reported that sales in the 12 districts in the week ended Dec. 24 averaged 13% above the total for the corresponding week of last year. Steel production dipped from 51.7% to 38.8% in the last week of the month, owing to holiday shutdowns, but electric power production reached the highest levels on record. Automobile assemblies were well maintained, and car loadings showed a decline of less than seasonal that performance in point in the previous month. quite firm. were the COURSE OF THE STOCK MARKET DURING a advance for the bond index was made possible by a demand. Union of .65 of decline tion. stock decreased from $1 a share to Nehi Corp.—Dividend on the common 50c. a share, payable Jan. 1. against 27,922,295 the other hand, on New achieved March 20 last. Mother Lode Coalition Mines Co.—Dividend of 30c. a shares as turnover, ,Bond par these issues on Oct. 1 and July 1, last. Fairmont Creamery Co. (Del.)—Dividend on the common from 25c. a share to 12)4c. a share, payable Jan. 1. November. larger, the December total for the bond department of York Stock Exchange amounting to $217,609,000 was the Stock stock reduced from Chicago Daily News, Inc.—Dividend on the common 50c. a share to 25c. a share, payable Jan. 3. points in November. 27,492,069 to came in shares rise in Art Metal Construction Co.—Dividend on the $10 par,-common decreased from 50c. of 2.32 recession Turnover from 30c. of advance an a CHANGES UNFAVORABLE & Iron Co.—Dividend on the common stock share to 20c. a share, payable Jan. 3. Fuel 4.56 points in December, compared The volume of dealings during the December advance was but little different from that which marked the November decline. scored (Rudolph) Wurlitzer Co.—Dividend of 15c. a share was paid Dec. 28 on the $10 par common stock, the first since October 1931, when 25c. a Alabama 1 MONTHLY REVIEW JAN., 1939] the decline in industrial seasonal proportions. proportions. As to the fluctuations Steel Dec. was at 31 at in individual stocks, United States its lowest Dec. 5 at 61% and at its highest Steel preferred was at its lowest Dec. 3 at 114 and at highest Dec. 31 at 118, with the close on same. American, Tel. & Tel. rose from 150% Dec. 69%. its the latter day the 69%, with the close on the latter day at 31, with the close Dec. 145% Dec. 21 to 31 at 150. General ' 16 MONTHLY EEYIEW Electric moved up from 40% Dec. 10 to 44% Dec. 15, with the close Dec. 31 at 43%. Allied Chemical & Dye was at its lowest Dec. 8 at 180% and at its highest Dec. 31 at with the close the on latter day the 193, Westingliouse same. Elec. & Mfg. rose from 111% the close Dec. 31 at 119%. Dec. 5 to 120% Dec. 15, with Consolidated Edison Co. of N. Y. moved up from 28% Dec. 8 to 31% Dec. 31, with the close Dec. Central 31 31%! at at its was In the railroad list, New day the at 17 at its highest Dec-. was 31 Baltimore & Ohio Dec. 31, with the close on at at its lowest 21%, with Month of December— Stock sales—No. of shares .Bond Dec. with the close Dec. 31 2 .18 at at Foreign government Foreign corporate its highest Dec. 30 at 23%, with the close Dec. 31 at 32%. \ An easier tendency prevailed among medium grade corpo¬ ration bonds up to about the middle of December, but from then on they evinced fresh interest, resulting in modest recovery for the month. The slight progress enjoyed in the closing days of December, however, was not in itself suf¬ ficient to raise the level of prices up to or above their November peak. Firmness was a predominating feature of high-grade corporate bonds throughout the month, and pub¬ lic Total 505,000 In the month and year following table 3,046,000 1,406,000 87,101,000 , 134,843,049 $ 366,984,000 442,361,000 . 75,783,794 $ 419,861,000 12,664,000 $ 790,556,000 1,141,044,000 19,202,000 17,851,000 9,836,000 13,292,000 13,169,000 823,050.000 1,172.064.000 OF BUSINESS ON THE Month of December— Stock sales—No. of shares 27,492,069 Bond sales (par value)— Railroad and mlscell STOCK EXCHANGE 1937 1936 28.422,380 $ 48,600,177 S 185,528,000 25,546,000 1935 ' 45,589,317 $ $ United States Govt 6,535,000 162,209,000 25,054,000 10,736,000 23,378,000 20,464,000 Total bond sales 217,609,000 197,999,000 355,879,000 314,429,000 297,466,722 409,464.570 496,046,869 381,635,752 State, munic. & foreign Jan. 282,033,000 260.871,000 50,468,000 33,094,000 1 to Dec. 31— Stock sales—No. of shares Bond sales (par value)— Railroad and mlscell. $ $ $ $ 1,483,922,000 2,097,109,000 2,899,372,000 2,287,488,000 State, munic. & foreign 248,577,000 346,778,000 358,615,000 378,026,000 United States Govt 127,366,000 348,644,000 318,887.000 673,944,000 Total bond sales 1,859,865,000 2,792,531,000 3.576,874,000 3,339,458,000 at we fractionally higher levels. show, as usual, the fluctuations for the month in the different issues of United ernment obligations and a First December ing Sale ' Highest developments the were in the mid-month DECEMBER money market during Treasury financing involv¬ total of over $1,000,000,000, partly for new borrowing partly for exchange operations, and the large fluctua¬ a Last Sale Lowest Principal and Range During December, 1938 Dec. 1 THE MONEY MARKET DURING States Gov¬ considerable number, likewise, of domestic corporate and foreign government bond prices: Government Bonds 104,178,804 $ 1938 utility and industrial issues in this group set new high for the year. United States Governments closed the 82,649,000 1,365,000 62,039,000 49,640,238 bond, sales VOLUME records both $ 31,546,000 352,989,000 7,432,000 6,563,000 .. Foreign government Foreign corporate... from 6% Dec. 9 to 8 day the same. Chesa¬ Dec. 5 to 38% Dec. 31, Southern Railway was at 38%. at 9,762,703 8 58,091,000 2,583,000 1 to JJec. 31— Domestic.. 9 14,695.352 $ 29,830,000 1,211,000 546,000 Stock sales—No. of shares Bond sales (par value)— close 1935 35,966,000 Total bond sales.... Jan. 1936 rose the latter and EXCHANGE 5,840,699 $ 34,529,000 S91.000 peake & Ohio moved up from 31%, ,its lowest Dec. CURB 1937 6,164,437 sales (par value)— Domestic York the THE 1938 and at its highest the lattef day at 21%. Southern Pacific same. and ON • lowest Dec. 9 at 17% Dec. 31 at 21%, with the close on Delaware & Hudson rose from 20% Dec. 2 to 25% Dec. 31, with the--close Dec. 31 at 24%. Union Pacific moved up from 87% Dec. 12 to 98 Dec. 31-f with the close on the latter Dec. 31 at 21. VOLUME OF BUSINESS tions in the excess reserve Dec. 31 position which, lifter reaching a new Treasury 4Ms 1947-1952 Treasury 4s .1944-1954 Treasury 3 Ms 1946-1956 Treasury 3 Ms .1940-1943 Treasury 3 Ms .1941-1943 Treasury 3 Ms 1943-1947 Treasury 3 Ms 1941 Treasury 3 Ms .1943-1945 Treasury 3Ms-_____._1944-1946 Treasury 3His 1946-1949 Treasury 3 Ms 1949-1952 Treasury 3s. 1946-1948 Treasury 3s. 1951-1955 Treasury 2Ms 1955-1960 Treasury 2 Ms ..1945-1947 Treasury 2Ms ..1948-1951 Treasury 2 Ms .1951-1954 Treasury 2 Ms 1956-1959 Treasury 2 Ms .1958-1963 Treasury 2 Ms ..1960-1965 Treasury 2 Ms 1945 Treasury 2 Ms 1948 Treasury 2 Ms 1949-1953 Treasury 2 Ms ...1950-1952 Treasury 2s -.1947 .... 118.19 118.17 Dec. 3 Ms 20 114.1 Dec. 114 .18 Dec. 31 112.25 112.25 Dec. 113 .20 Dec. 105 .11 Dec. 106 .31 Dec. 24 110 .1 15 105 Dec. 106.26 Dec. 109.30 Dec. 107.11 107.8 109". 22 109.23 Dec. 109.22 Dec. 108.23 108.23 Dec. 108.13 108.13 Dec. Dec. 108.14 Dec. 114.17 the 3 105 Dec. 107 .14 Dec. 27 109 .29 Dec. 13 sale Dec. 011 "" at 8 107.10 109.28 110 Dec. 13 109 .12 Dec. 19 109 .6 Dec. 22 108 .27 Dec. 22 109.30 107 .11 Dec. 23 104 .23 Dec. 31 107.10 109.12 par that $100,000,000 interest any 91-day Treasury bills the Government charges. The obtained December Treasury financing included cash offerings of $402,876,700 to 27-year 2%% bonds and $328,569,000 five-year 1%% 22- notes, also an offer to holders of $941,613,750 1%% notes maturing March 15 to exchange the latter for either one of the foremendioned two issues, or for new- nine-year 2% bonds. Both cash issues were heavily oversubscribed, and all except $12,529,550 of the maturing March notes were 106.16 Dec. 104.1 103.27 Dec. 106.25 Dec! 107 .3 Dec. 105 .30 Dec. 13 105,19 Dec. 103.19 103.15 Dec. 104 .9 31 102.27 102.22 Dec. 102.6 102 Dec. 103 .16 Dec. 23 102 .30 Dec. 30 102.30 102.7 Dec. 102 .25 Dec. 23 102.21 106.8 Dec. 104.24 Dec. 106 .14 Dec. 22 105 .13 Dec. 12 105 TO serves rose 102 101.31 Dec. 102 .27 Dec. 31 102.25 102.1 101.29 Dec. 102 .26 Dec. 12 clined 102.26 to 102.8 104.24 19 Dec. 102.3 Dec. 102 .14 Dec. 23 107 Dec. 107.8 106.14 104.20 105.23 104.9 103.14 29 Dec. tendered for exchange, with holders showing a strong pref¬ for the 1947 2% bonds. Excess member bank re¬ erence to $3,480,000,000 Dec. 14, and a week later de¬ $2,980,000,000, chiefly because of fourth-quarter income tax payments, cash transfers for the new Treasury sharp expansion in the currency circulation in with holiday requirements. An immediate re¬ issues, and 106.30 Dec. 14 105.29 Dec. 106.3 Dec. 29 1942-1947 105.2 versal 105.5 a connection 1942-1947 2 Ms Dec. 21 2Ms series G. of meaning that without sum 3s Home Owners' Loan Corp.— 3s series A. 1944-1952 2Ms series B_ 1939-1949 23 better, or 106.18 1944-1964 1944-1949 Dec. 114.3 Federal Farm Mtge. Corp— 3s. 119 .6 peak during the first half of the month, subsequently experienced a sharp.decline. An interesting occurrence was 106.14 Dec. Dec. latter 106.17 106.17 Dec. 106.28 Dec. 24 102.11 102.10 Dec. 102.15 Dec. 1942-1944 104.10 Dec. 106.26 9 104.14 Dec. the trend of excess started reserves of the month, and, inasmuch Treasury disbursements over receipts during the the as excess of w\ill again make itself felt 19 in part and steady seasonal contraction in the currency cir¬ occur during January, it is anticipated that a culation will Opening Foreign Bonds Range for December, 1938 Price Price Dec. 1 Argentine external 4 Ms Belgium (Kingdom) 6 Ms Brisbane (City) 5s Canada 103M 22M 110M 1951 French 7Ms stamped German (Rep) 7s stamped 109"" 1949 German (Govt) Internat 5 Ms stamped __1965 28 M 1954 24 M 83 M 1965 Japanese Govt 6 Ms 5 Ms 65 _ Dec, Dec. 110M Dec. ser A-C.1967 Brooklyn Union Elev 5s Chesapeake & Ohio 4 Ms 1950 1992 Chic Milw St P <fc Pac 5s A..1975 C C C & St L 4 Ms series E... 1977 Columbia Gas & El 5s.May 19r2 Erie ref & impt 5s of 1927. Great Northern gen 4 Ms 111 Cent St L & N O 5s _. 1967 .1963 Morris <fc Essex 5s New York Steam 3Ms. 1963 Northern Pacific 4s .,1997 Pennsylvania RR deb 4 Ms. .1970 Conv deb 3Ms 1952 ... S'western Bell Telep 3s 1968 Warner Bros Pictures 6s 1939 Western Maryland 1st 4s. —1952 87 M 101M Dec. member bank reserves may reach soon a level even exceeding the peak attained during the first half of Decem¬ Gold imports during the month totaled $111,900,000, Dec. 99 M Dec. 97 M 110M Dec. 28 75 110M 9 107M Dec. 24M Dec. 109M Dec. 1 26 M 19M Dec. 24M Dec. 1 78 20 H 5 101M Dec. 1 101 101M Dec. 1 101"" 102M Dec. 105 1 103M 61 M Dec. Dec. 68M Dec. 31 Range for December, 1938 26 87 M 118 10 64M 68M Closing Price Price Lowest 75M Dec. 49 Dec. Highest Dec. 31 81M Dec. 31 54 Dec. 30 104M 21M 83M 117M Dec. 87 Va Dec. 118 % Dec. 7 9 Dec. 107M Dec. 31 29 Dec. 31 new high record of $14,reserve banks de¬ $7,081,000 Nov. 30 to $6,980,000 Dec. 28. open Bills market remained at the nominal figure member bank reserves Total increased from $8,876,481,000 Nov. 30 $9,033,512,000 Dec. 14, then declined to $8,471,979,000 Dec. 21, but subsequently recovered to $8,577,167,000 Dec. 28. Notwithstanding the temporary drop in excess re¬ to serves, money rates rates on 81M 0.67% 53 bonds from 29 a $549,000 Dec. 28, compared with $547,000 Nov. 30. from 107M $196,000,000, to Discount holdings of the 12 bought in the of 1 Dec. Dec. further by 508,000,000. creased from 104M 53M 104M sum $66,900,000 came from England, $21,600,000 Holland, $14,600,000 from Jafcan, and $4,800,000 from Australia. Including considerable unreported acquisitions by the Treasury, the monetary gold stock4 of the country rose Dec. 22 77 M which 6 28M Dec. Dec. 101M of from Dec. 70 CALL Dec. 12 Dec. 31 to 0.65%, and those on longer-term Treasury 2.51% to 2.48%. The complete disappearance 60 Dec. 30 60 91M Dec. 96 Dec. 12 M 10M Dec. 80M Dec. 14 M Dec. 31 83 52 M 49M Dec. 60 M Dec. 31 60 M Dec. 3... 97 96M Dec. 64M Dec. 13M Dec. Dec. 29 99M Dec. 4... Dec. 011 the last LOAN RATES ON THE two weekly issues of Treasury NEW YORK STOCK EXCHANGE 12 53% Dec. continued extremely easy, with average three- to five-year Treasury notes further receding of interest costs lis" 57 M 96 15" 1955 New York Central 3Ms 1946 N Y C & St L 4 Ms series C.. 1978 Dec. 86 1977 Internat Paper 5s ser A & B.1947 Kan City Sou ref & impt 5s..1950 Mo Kan Tex cum ad) 5s...-.1967 Dec. 87M 103M 23M 107M Dec. Dec. 1 Bost & Maine 1st 5s Dec. 31 Dec. Opening Alleghany Corp coll trust 5s. 1944 Amer & Foreign Power 5s—2030 Atch Top & S Fe gen 4s 1995 Highest 64M Dec. 98M Dec. 100M Dec. Rome (City) external 6 Ms. .1952 Railroad and Industrial Bonds Dec. 75 ..1941 New South Wales (State) 5s. 1957 Norway 4s. 1963 Queensland (State) ext 7s.._ 1941 Dec. 16 96 1957 1952 8s 84M Dec. 100 106 1949 (Dominion) 5s Czechoslovak 87 M 1955 .1957 Lowest excess ber. 1971 Australia 5s of 1925 Austrian (Govt.) 7s Closing 46 Dec. Dec. 68 M 14" 2 Dec. 1 High Reneical 2... 1 1 1 Low 1 1 Dec. Dec. 17— 18-.- Sunday Dec. 19... 1 1 20... 1 1 1 1 Dec. 21-.- 1 1 1 22.._ 1 1 1 1 1 1 Dec. 5... 1 1 Dec. 6... 1 1 1 Dec. 55 50 M Dec. 7..*. 1 1 1 Dec. 23... Dec. 8... 1 1 1 Dec. 24... 9... t 1 Dec. 25 Dec. 26... Dec. 27... 1 Dec. 2 1 53 M 101 M 100M Dec. 83 M 83 81M Dec. 81M Dec. 81 76M Dec. Dec. 31 Dec. Renewal Dec. Saturday Sunday 1«M 78M Dec. High Saturday 6SM 44 102M Dec. 1... 3 74M Dec. 102 M Dec. 16M Dec. 31 78 M 46 Dec. Low 1 • 1 Saturday Sunday Holiday 53 M Dec. 5 101 M Dec. 10... 83M Dec. 31 83 H Dec. 11... 86 85M Dec. 12... 1 1 1 Dec. 28 1 1 1 82 Dec. 13... 1 1 1 Dec. 29 1 1 1 104M Dec. 14... 1^ 1 1 Dec. 30-._ 1 1 1 92 M Dec. 15... 1 1 1 Dec. 31... Dec. 16... Y 1 1 102 Dec. 27 83M Dec. 27 105 90 M 90 Dec. 93 83 77 u Dec. 83 Dec. 28 Dec. M 27 Dec. 5 1 • Saturday Sunday . .. 1 Saturday 1 of in various special factors, such as the use of these bills in several States for the purpose of avoiding taxes on bank deposits, and for year-end bank statement showings. On the Stock Exchange the call money rate to bills ascribed, was idle addition to the general pressure in funds, to remained at 1%. security collateral unchanged Time loan rates at the nominal for loans on again quoted were figures of 1 %% for 90-day loans and 1 %% Trading in securities through levels, and as a result running 180 days. most of the month remained at low very few loans were negotiated. DAILY OF TIME RECORD shipped between foreign countries from $56,334,808 $56,728,727, while domestic warehouse credits receded from $49,538,052 to $49,038,333. Bills held by accepting banks totaled $222,260,415, of which sum $124,236,502 were $98,023,913 bills of others. Rates for bankers' acceptances were again quoted at 3A% bid and 7/16% asked for 30-day, 60-day and 90-day bills, at 9/16% bid and %% 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 con¬ ditions in the market for bankers' acceptances as follows; "In the bill market Rates on Mixed Collateral Dec. 1... \y< Dec. 2 llA Dec. 3 Dec. 6 Months IX IX IX IX IX IX IX 5 Months 4 Months 90 Days 60 Days 30 Days \x 5... 6... 1/ Dec. 7... Dec. 8 IX IX Dec. 9... IX ■ IX IX IX rise of IX IX IX IX IX IX IX IX IX Dec. 10..: Dec. 11... IX IX ' Dec. 15... ix Dec. 16... IX IX IX IX IX IX' IX IX IX IX Dec. 17... IX IX Dec. 18... tion Dec. 22 IX IX IX Dec. 23... IX IX IX IX IX IX IX Dec. 21 IX 1 ^ IX IX IX IX IX IX IX IX IX IX XX IX IX . Dec. 28 Dec. 29... Dec. 30... IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX reserves caused It borrowers to refrain from adding t<f Average grade prime four- to six-montb their indebtedness. remained at the previously established new ruling %%, with especially choice paper again being quoted at 3/>%, and less widely known names at %%. Un¬ der date of Dec. 16 the Federal Reserve Bank of New York announced that returns received from commercial paper dealers showed a total of $206,300,006 of open market com¬ paper of mercial paper outstanding on Nov. 90 compared with $213,- 100,000 Oct. 31, and $311,000,000 Nov. 30, 1937. AT NEW FOR MONEY RATES YORK Week Ended— 24 Dec. 17 Dec. 10 Dec. Dec. arose 31 Stock Exchange: on 1(5)1 1(8)1 1 1 1 1 1 X IX 1 X 1 X IX IX 1 Thirty days Sixty days 1 <8 1 1(8)1 1(8.1 Ind. collat.). Week's aver, (mixed & indus. collet.). Time loans (mixed & Indus, collat.): Range for week (mixed & 1 X 1 X 1 X IX IX IX 1 x IX 1 X Four months 1 X 1 X 1 x Five months 1 X IX IX IX IX months.. IX IX IX IX l - days . ■ Commercial paper: • ■ 1 x x * Double and single names: Prime 4 to 6 months X ® H Good 4 to 6 months X© X X&X %@H Trading in bankers' acceptances X *8) X X @ H X © X %% % supply of bills again remained far behind the active demand. Outstanding acceptances, according to the monthly of the Acceptance Analysis Unit of the Federal Re¬ of New York, published Dec. 15, totaled $273,- Bank 327,135 Nov. 30 as against $269,561,958 Oct. 31 and $348,- 026,993 Nov. 30, 1937. Export bills increased from $56,936,7SS Oct. 31 to $59,197,508 Nov. 30; import bills from $94,128,626 to $94,483,766; domestic shipment bills from $9,537,139 to $10,418,913, and bills based on goods stored PRIME BANKERS' C i'i ACCEPTANCES hy 30 Days 93 Days 69 Days t ces Rid <1- Ask Rid d* .4 -ce 153 Day 120 Days i 183 Days Ask Rid d* As-* Rid d* Ask Rid d* As-t Rid d- Ask 1 Xa716 Xa716 the faced with with bills count intensively—one might situation in December which had and to Even the make a weekly Treasury bills such desirable easy But obviously it could not hope to com¬ pete for the bills with no that as it in longer, maturities its had bill bidder^ for if for the bills, keep up their on the X a9i6 weeks total of $3,070,000,000. Over the same period the Treasury's cash^ balance with the Reserve banks increased by $457,022,000 to a total of $941,- iM serves ! from Xa°ie X a9 is 004,000. Ha'hc- M*9l» was 5'8lulB Xa"i6 916l X X (7 91 Saturday Sunday 10.... 11.... Nov. 30 to some part it was attributable to deposit of X't7\b Xa7™ XO-716 °ioa X Xa716 Xa716 Xa'ia 9ifiU X X<lh6 Xa°i6 Xa1 is Xa7 ic Xa716 9u,aX Xd9l6 X 7.9lfl bonds Xa7n Xa7ie Xa7 in 916l X Xa'ho Xa°i« For the four weeks the Sunday Xa7i6 916 0. X Xa be. Xa9 is Xa7i6 Xa7i s X0716 °ie 7 Mi Hi9 IB X a°ie Xa7 is Xa7 is Xa'n 916(7 X X a916 Xa7n Xa716 Xa[i6 916(l1^ Ha9' ib Xa716 ^ Xa7it Xa'u 916(7 X Xa'he Xa7\n 918(7 X 5-gaVo $4}'7916 Xa7\6 916(I X 5-8«916 Xa9it Xa7\f> "ill1 9 5-8(l916 5-^ a916 • M(2916 Saturday Sunday Holiday 26 27 - - - 23 ~ - ^ - - ~ Xa716 Xa'ie ' Xa7 in Xa7ie - X^in 2d . - m - - 2. 91«'I l i X',7 i.i '4 i711 Xa7 ib 31-.- i l S ilurdnv increased 1 . H (7 916 Xa9i9 8 (/ 9 Xa9ic 1 6 .re¬ $186,002,000 more to a total of $S40,893,000. System's holdings of Treasury notes by $53,566,000 $7,618,000. while its investment in discount bills In the last week of the month, owing to the special circumstances existing in the discount bill market, the System permitted $30,044,000 of its bills to run off and replaced them with Treasury notes. The rise in currency circulation over the four-week period amounted to $124,000,000, in sfiite of a $31,000,000 decline in' the week ended Dec. 28. Member bank reserves de¬ creased $299,314,000 to a total of $8,577,167,000. The gold slock increased $196,000,000 to a new high at $14,508,declined Xa7 is 13 bank surplus gold certificates with the Reserve banks by the Treasury. Over the tax date tlie Reserve banks' holdings of Treasury 9mu X Saturday member In great part this rise in the Treasury's balance to funds taken from the market; but in Xa~\t 17 28 ascribable Xa7\c, 54'7°I# Dec. declined by $310,000,000 to a 918(7 X - Over the course of the four drain on bank reserves. rary, Xa9 is Xa7\6 « recent tactics 5/|a°i6 Xa7 is ~ past, feel bound to replace The implication here is !^(I916 Xa11« m the holdings. 9m X Xa'he w. in 000,000 in the week ended Dec. 21. Cash payments for the new issues and tax collections imposed a heavy, if tempo¬ 5-8 a9 is - premium the market. tax date operations, their net effect was a reduction in the surplus reserves of member banks of $500,- ing effect 918(7 X - a they would be faced with a decline in the System's port¬ folio. This announcement may be expected to have a sober¬ Xa7^ 23.... bidders who were paying Accordingly, the Federal Open Market Com¬ mittee announced after its meeting on Dec. 30 that it would for the issues. X a7 22 to now, could It has been able to replace the maturities without difficulty. great Xa" is 21 up System has handled its portfolio in such a way as to have a Xa9is Xa716 policy large quantity of bills falling due each week. Latterly the maturities have been $40,000,000 to $55,000,000 a week or 6 Id money In the second place, the situation threw the Federal out of kilter. The ity. Xn9 16 20 System's Reserve's investment portfolio position 5^U916 16..._ of the longer derive any satisfaction where it was being paid bonus to borrow. This is easy money reduced to absurd¬ 918(7 X 15. the management no 918(1 X 14.... before better. Clearly something had to be Treasury, which has been pleased to take advantage of the full Xo7\* Xl716 never They found that easy money was uniting taken at par or done. Xo.7n , excessively— say instruments that the last two issues marketed in December Xa7\% Xa7 is 13 repaired. portfolio difficult. The problem was considered pressing enough for the Federal Reserve to call a special meeting of its open market to take redemial action. The nature of the problem was this: Year-end considera¬ tions, State personal property tax dates early next year, and the pressure of the enormous glut of excess reserves—a new record high for these reserves was established during XaXs 12 being investment Xah6 3d"I but by the year-end the inroads on already special set of year-end and State tax situations to a 7 9 bank reserves in the last statement give an absurd complexion to the market for Treasury dis¬ 6 „ a confronted them. Sunday Xa716 Xo'n 4.... 8 in to 9i tiX Saturday _ response Xa7i6 Xa7it 3 5 the volume of holiday demands. forces effected a sharp dip in in Xa7 is Xa7 ib 2 financing policy fostered by the Federal Reserve and Treasury. The monetary authorities found themselves As rains Se-re' Dec. out of the ^better. continued dull, and the meager survey date money were Call loans tax The second, seasonal expansion rapid these the month—made the a Dee. 3 the speaking, there was one other influence which brought to bear on the banking position in December. was in scant supply as year-end Commercial paper continued serve were Satur day considerations Six of the banking position. on from Strictly easy Ninety was circulation in combination bank IX Dec. 31.— rate origin, week before Christmas, IX IX IX IX IX BANKS CITY YORK the Treasury. the volume of member Holl day Dec. 26... the its The Sun day Dec. 27... 245 IX IX influences stemmed these of currency Satur day Dec. 25... of in IX Dec, 24 first two principal and tax collections IX IX . to The Sun day Dec. 20... RESERVE IN NEW statistics in December gave reflec¬ The Federal Reserve IX Satur day Dec. 19... • FEDERAL IX IX IX IX IX IX IX IX IX THE BROKERS' LOANS IX IX IX IX IX __ Dec. 14... OF RETURNS Sun day Dec. 13. " $15,000,000." IX Satur day Dec. 12... quiet IX IX IX IX IX IX IX IX IX IX IX 1X ■ extremely IX IX Sun day 4 Dec. change occurred during December no conditions that have existed for some time. Offerings remained very light and demand active; rates were unchanged. Owing to small increases in several classes of bills, the largest of which was a the $2,000,000 rise in export bills, the total volume of bills out¬ standing rose $3,000,000 during November to $273,000,000. Since August, when the outstanding volume reached its record low, to the end of November, there was a seasonal IX Satur clay Dec. bills and own RATES LOAN or in - 17 REVIEW Jan., 1939] dropped $45,948,000. 18 MONTHLY KEVIEW 000,000.Non-member deposits and other Federal Reserve declined $63,000,000, a factor which helped to off¬ accounts the reduction in reserves from set other While loans and investments of Dec. 28, $54,000,000 in spite of the $47,- Loans increased 000,000. Statements for Novem¬ decline in deposits in the writing, but London banks a was indicated. The the four weeks ended their direct Government securities decreased $27,- September. ber and December were not available at this continued causes. the reporting New York banks increased $92,000,000 in City conference at the end of the pound aroused .concern in official It was assumed by competent observ¬ that the British exchange equalization fund had lost pressure on quarters in London. ers 000,000 drop in loans to commerce, industry and agriculture. Holdings of Government-guaranteed securities increased considerable $51,000,000 and other securities were up $14,000,000. De¬ deposits—adjusted increased $3,000,000, and Treasury deposits, reflecting book credit • subscriptions to the new currency, mand Treasury issues, were $5,000,000 higher. Reporting banks in 101 cities had an increase of $436,000,000 in loans and investments in the four weeks from Nov. 2$ to Dec. 21. The main reason for this increase was $204,000,000 in holdings of direct Government Loans rose $170,000,000, while Governmentguaranteed issues increased $36,000,000, and other securi¬ ties increased $26,000,000. Loans to commerce, industry and agriculture dropped only $12,000,000. Reporting New York City bank loans to brokers and rise the of securities. On quantities of gold in its supporting operations. in anticipation of the holiday demand for the Bank of England increased the amount of Dec. 6, Government securities held backing for the note issue as by £30,000,000. On Dec. 20 the Bank of England requested the joint stock to refrain from placing short-term deposits in New banks York. The London banks immediately ceased placing new deposits here, and there was evidence that they were pre¬ paring to withdraw them upon expiration of the deposit period instead of following the customary practice of renew¬ ing such deposits for Another official national markets Simon, additional 90 days. to strengthen sterling in inter¬ an measure also taken was Chancellor of Dec. 20 when Sir John on Exchequer, the announced in the dealers in sMirities—the so-called brokers' loans—increased House of Commons the reimposition of restrictions on Brit¬ $110,000,000 /to a total of $681,000,000. These loans in¬ $124,000,000 in the two weeks before the quarter financing date, but in the succeeding two weeks they failed to show their customary rapid decline, their decline in this ish period being only $14,000,000. Street loans, as compiled by the New York Stock Exchange, increased $97,129,059 dur¬ $717,084,329 from the Nov. 30 figure of December to ing $619,955,270. amounted A ago, year Dec. on 31, 1937, these $659,219,305. to EXCHANGE JN DECEMBER COURSE OF STERLING loans / / Sterling exchange was under pressure throughout Decem¬ and there appeared to be an actual flight from the situation financial drew A sharp recovery in the French from London French gold and currency. to such an the of a notable volume of The French position improved extent that the franc steadily advanced in terms pound from the supposedly fixed minimum of 179 the pound to 176.75 on Dec. 31. francs originally imposed in 1931 to guard sterling was against excessive pressure from capital transactions. The February, 1938, when partly relaxed in view of the strong position of restrictions they were the continued pound $5.03% the at New in to House "The in British prestige September caused while there removal of foreign funds from decided movement of British- the London, following the Munich crisis was capital to the New York market. The gold price in London ruled at exceptionally high rates as measured in shillings per ounce, indeed, at figures previously recorded since Napoleonic times. It will be recalled that the gold in the Bank of England continues to be valued at 84s. lOd. per fine ounce, the prevailing rate not prior 1931. At gold not of gold payments in September, the beginning of 1932 London's official price for just under 130s. per fine ounce. The dollar had suspension the to was devalued and been then worth was in gold about 41c. In March, 1935, when hoarding de¬ London reached excessive proportions, the than it is today. more mand for gold in that New has York] view Foreign the immediate restriction restriction is is ber ranged between 148s. Id. and Private instead official that the price in Decem¬ 149s. 7%d. there was a lively de^nand for United States cur¬ change in the regulations of the Bank of South Africa the movement of South African gold to London, arrested while the supplies and various tinued were from London of extent the coming to the London market from less than in many months, gold con¬ sources to move The in if banks was one in the the movement United in rise on The States to New York is gold holdings, which reflected in May, Dec. 28 reached South $14,508,241,200. Reserve African Bank .issued regulations in mid-December under which gold buyers and hoarders wher¬ ever located credit their may in buy South South Africa. African gold and keep it to The gold must, however, be purchased in the London market at the London price. Gold earmarked in South Africa for private account may be shipped to any destination with difference, the lower on or demand or may be debited higher, between the cost of mileage, ocean freight, and insurance from Cape Town to London and from Cape Town to any other destination. direct Thus under the desire to shipments to New York were made possible regulations should an American purchaser new import directly from South Africa gold earmarked there for his account. The exodus of firmness were the need affirmative when of purpose an for the restriction asked was to sterling currency." obviously did not movements and Britain's at purely capital failure to develop Great market. any much-needed Britain Great directed solely imply export December in making was increase its export of commodities, troduced in Credits and effort every to chiefly through the Ex¬ Guarantee Department, which early in December in¬ ports the bill House with the of Commons object a reenforcing Exports expanding both the scale of variety of its operations. Mr. Hudson, Secretary of the Department of Overseas Trade, said that the Department had assisted since 1926 in financing not less than £180,000,000 of British exports and that nearly The bill a of quarter the raises the total fallen had sum of the within Department's 1938. guarantees to be outstahding at any one time from £50,000.000 to £75,000,000, and enables the Department to ensure reexports well as The the sale as United domestic products. Department of Commerce of States of exports excess 050,000 and United over favorable a $1,036,409,000. the imports trade was November in balance Great Britain published increase in the an for the 11 of coun¬ $76,- months the chief customer of States. Toward the end of December reports from London stated States manufactured goods and farm products had accumulated in British bonded warehouses in readiness felt. in foreign funds from London caused unusual money market rates as year-end requirements October bank statements showed that the London clearing banks to enter the British markets under had lost £53,000,000 following the Munich the reduced tariffs pro¬ vided in the Anglo-American trade agreement which became effective Gold to New York. 1937, reached $12,000,000,000; in July, 1938, exceeded $13,000,000,000; in September passed the $14,000,000,000 mark, and concur—that the latitude then that United rency. A I on think that to reason circumstances The removal of restrictions on foreign lending and the request made by the Bank of England of the London clear¬ of hoarding of gold in Lpndon declined sharply, and was generally acknowledged." historic shows it Advisory Committee which required now The Chancellor answered member present Transactions announced, and I have one the to the conclusion—with come such of try's below 1, 1938, exchange, greater our In then was figures in December which showed The table Feb. on position of price of gold went to 149s. 4d., considered a record high. On Sept. 28, 1938, at the height of the German-Czech crisis, gold in London went to 147s., and on Nov. 26 reached the high of 150s. Simon $4.67%@$4.67% for cable transfers in a owned touched John [sterling ing intensified in November. loss of The had Sir visory Committee. "strengthen English by transfers statement latitude would, until further notice, be allowed with respect to certain applications to the Foreign Transactions Ad¬ pound, but commercial requirements on effect on rates, which have been influenced political factors since the Jewish persecutions in Germany cable as Iii his recollect will by adverse to the the whole had little until said: On commercial account as between the United States and became force time, York. Great Britain the balance of payments was entirely in stated that in view of the ber pound, chiefly into dollars. foreign lending. The ban creased Jan. on 1, offer 1939. in the London market during December £13,509,000, as compared with £19,260,000 in November and with £21,314,000 in October. The mean Lonon amounted don to check rate Paris on ranged between 178.22 (favoring (favoring Paris). The London open market gold price ranged between 148s. Id. and 149s. 7%d. London) an and The ounce. Bank of New market open year-end 176.77 American York) money rates requirements. two-months' bills months' bills were price for gold continued were at firm were In $35 the in first (Federal Reserve ounce. London an December, due week 13/16% @15/16%; of the three- to month and %%@27/32%, and six-months' bills fourwere %%. On Dec. 17 bill rates were 1%% for two-months'; 1/32% for three-months', and 1 1/16% for four- and six- 1 months' 1 maturities. On Dec. two-months' 30 3/16%; three and four-months' bills were 1 bills were 1/16%, and six-months' bills were 1%. At the time of the Munich September, two-months' bills went to 1 9/16%; three-months' bills to 1 25/32%; four-months' bills to tf^%, and six-months' bills to 2%%. Bill rates in December com¬ pared with rates prevailing throughout the greater part of the year of between 9/16% and %%. Sterling cable trans¬ crisis, fers in sold on Dec. 1 at $4.67%@$4.68%, and (Continued on pope 1X3) on Dec. 31 at * r New York Stock Exchange MONTHLY AND YEARLY RECORD DECEMBER 1938 RANGE OF BOND PRICES DURING Jan. 1 to Dec. 31 _ range 28,422,386 409,464,570 27,492,069 297,466,722 1. Jan. .1 to Dec. 31 2,792,531,000 NOTICE—Cash and deferred delivery sales are disregarded in the month's range unless they are outside of the regular monthly range are shown in a footnote in the month in which they occur. 1937 1938 Shares_ December $197,999,000 $217,609,000 1,853,885,000 December. Stock Saves 1937 1938 Bond Sates the only transactions of the month, and when sellin No account is taken of such sales in computing th > for the year. The tables 19 to 40 furnish a complete record of the transactions on the New on pages York Stock Exchange during They need no extended introduction, as they are self-explanatory The tables embrace every security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list The black-faced letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds for 1938.~ Dec., 1938, and the iare at a pr.ee to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which This method of quoting bonds became effective Jan. 2, 1909. Quotations after decimal point repre¬ nterest is in range default. sent one or more 32ds of a ' point. 213 Sales for 12 N. Y. Ask 1946-1956 1,000 1940-1943 1941-1943 1941 112 11.792,000 77,000 774,000 19,000 5,541,000 8,141*.666 1,000 5,412,000 1,000 4,565,000 1,000 1943-1945 1944-1946 110.2r D 106 9 Sale 105.3 4,080,000 12,525",000 172,000 3,545,000 113"l6 112 "2 5 Sale j M S 107" Sale 105.15 105 ioo'io 107". 10 2,864"000 12,000 1,920,000 21,000 1,227,000 4,000 5,149,000 2,000 5,356,000 593 ,000 490 ,000 249 ,000 542 ,000 532 ,000 358 ,000 449 ,000 640 ,000 3.859 .000 6,245 ,000 3,201 ,000 Feb. 118.30 Dec. Apr. 114.23 June 9 112.17 Jan. 114.17 June 22 110.8 Mar. 113.20 Dec. 24 Apr. 112.27 May 24 104.13 Sept. 106.27 June 8 Sept. 106.14 May 9 106.16 Sept. 108.2 June Feb. 107.5 Mar. 21 June 17 18 Dec. Dec. 6 114.3 Dec. 6 Dec. 1 113.20 Dec. 24 Dec. 31 105.11 Dec. 3 105 106.26 107.4 Sale 109.17 109.30 109.30 110.5 A 107 J" Sale 107 A1 Sale 109.30 Dec. Dec. 23 106.31 10 110.1 Dec. Dec. 20 8 Dec. 15 107.18 Jan. 110.25 107.15 Jan. 1945-1947 —1948-1951 14 2 110.22 June 106.26 Sept. 108.14 June 2 Apr. 107.5 Apr. 6 13 107.2 Jan. 110.5 June 8 12 107.14 Feb. 110.3 June 107 Jan. 110.3 June 10 106.30 Jan. 109.31 June 22 Dec. 28 109.31 Dec. 28 107.8 107 "l0 Sale Dec. 16 107.14 Dec. 27 O 1074 Sale 109.15 109.27 109.28 Sale AO 107.3 Sa'e ioo"22 A 166730 6 109.29 Dec. 12 109.25 109.22 Sale Dec. 109.25 Sale 109.23 Dec. 1 110 Dec. Dec. Dec .13 16 D 105.28 Sale 108.23 Sale 109.12 Sale 108.23 Dec. 109.12 Dec. 19 105.27 Apr. 109.12 108.9 Sept. 109.3 Oct. 29 J D 105.22 Sale 108 A3 Sale 109 "5 109711 1087l3~ Dec". 109.6 Dec. 22 105.19 Jan. 109.6 Dec. 22 J D 105.10 Sale 107.27 108.8 108.24 108.30 108.14 Dec. 106.18 Sale 107710 Sale 104720 Sale M S 101.4 VI S 101 Dec. 19 105.20 7 108.27 Jan. 105.20 Jan. Dec. 22 105.2 AprA 108.27 Dec. 103.26 Apr. 107.11 Dec"." 23 104.9 3 22 Sale M S 103.26 Sale M S 102.1 Sale io4~31 loom Sale "30 Sale 106.20 106.30 107.3 107.11 Dec. 23 Dec. 106.21 Dec. 2 103.27 Dec. 104.23 Dec. 31 101.24 irnkjo Apr/1 104.23 Dec. 31 103.27 104.1 Dec. 106.15 Dec. 104.15 Dec. 30 101.24 Jan. 3 104.15 Dec. 30 Dec. 107.3 Dec. 13 103.25 Jan. 3 107.4 Oct, 27 103.25 sale 30 Sale Apr. 11 106.24 Oct. 11 Dec. 19 101.27 Apr. 11 105.30 Apr. 106.16 107.12 106.25 105723 Sale 103.19 Sale 104.9 102727 " 107.2 Oct. 17 Dec. 19 104.9 Dec. 31 May 102.31 May 17 Apr. 103.17 Oct. 26 101.6 Mar. 21 105.19 Dec. 30 105.30 Sale 103.15 Dec.. 2 104.9 Dec. 31 100.26 102.31 103.14 Sale 102.22 Dec. 1 103.16 Dec. 23 100.14 101.6 105.10 2 Mar. — 1951-1954 - 1956-1959 * „ .. M S 100 Sale .; 102730" Dec"."30 Sale 102""" Dec." 100.6 Sept. 102.30 Dec. 101.2 Sale 102730 Sept. 101.2 Sept. 23 102.21 102.6 1958-1963 Sale 102.7 Dec. 15 102.25 Dec. 23 102.7 Dec. 102.25 Dec. 23 106.12 106.19 106.8 Dec. 28 W6.14 Dec. 22 102.14 Jan. 106.14 Dec. 22 101 1 -- 1960-1965 --- — 1945 I I) J D 102 17 Sale 105.31 106. S 104724 Sale" M S ..1949-1953 j" D M 105.10 Sale 104.24 Dec. 1 105.13 Dec. 12 Sale 1Q2.25 Sale 101.31 Dec. 2 102.27 Dec. 31 Dec. 16 102.14 Dec. 16 10271 Sale 102726 Sale 101.29 Dec. 2 102.26 1027s S 99.23 Sale 102 102.14 194v Treasury 25*s Registered Treasury 25*8. Sale 102.3 Dec: 15 102.11 Dec. 107.12 107 Dec. 10 10,7.8 - - i.1950-1952 Treasury 2s n 1947 . Dec. 12 41102.27 Dec. 31 Dec. 16 Jan. 99.25 Apr. 1944-1964 M S 103.10 104 106.20 107.7 107.2 1944-1949 3s Registered M N 103.25 Sale 106.14 Sale 106.22 107.4 103"30 Sale" 105720 10671 ...1942-1947 j""3 Registered Dec, 12 100.4 14l 102.14 Sept.28'102.26 22 102.3 Dec. Dec. 29 103.28 Dec. 103.4 Dec. 12 U 102.11 Dec. 22 Jan. 28 107.10 Oct. 21 Apr. 2 106.30 Dec. 14 18 Corp— 3^8 Registered 3s..-.-. 30 Mar. 31i 105.13 99.18 105 Registered Treasury 25*8... 106.4 106.14 1067 5" 105729 105.31 - — - 1042-1947 2?*s vi 10 472"] s 105.7" 10572" 105.12 105.2 Dec. 1 106.30 14 103.22 Sept. 18 106.1 Jan. 27 106.18 July Dec" "1(5 10673"" Dec."29 Dec. 3 104.16 Mar. 8 105.31 Deo. 3 Apr. 5 105.11 Oct. 19 Dec. 24 Dec. 3 105.31 Dec. 5 105.5 Dec. 21 102.13 103.9 June 21 Mtge Corp— 103 25 Sale 1939-1949 FA 101 1942-1944 J 2J*s Series B 106.17 Sale 106.26 Sale 106.17 Dec. 1 106.28 Dec. 24 Sale 102.11 Sale 102.7 102.15 102.10 Dec. 2 102.15 Dec. 9 Sale "25 1047s" 104 77" 104713 104710" Dec." 16 1047147 Dec. 19 Registered.. 2^s Series G- J 1016 104716 11 106.28 May 3 105.20 May 17 101.9 Apr. 4 103.13 Apr. 101.29 VI N Registered Apr. 105.9 .....1944-1952 3s Series A Mar. 25 102.17 Sept 101.5 Apr. 1 104.15 June 22 GOVT & MUNICIPALS (Colombia)— 6s 13 25 ♦Gtd sink fund 6s 13 22 1947 ..1948 Vkershus (Kingd of Norway) 4S-.196P ♦Antioquia (Dept of) Col 7s A...1945 ♦External s f 7s series B 1945 ♦External s f 7s series C ...1945 ♦External s f 7s series D ..1945 ♦7s 1st series 1957 ♦7s 2d series 1957 ♦7s 3d series— 1957 Antwerp (City) extl loan 5s 1958 Argentine Nation (Govt of) — Sinking fund externa! 4V*s 1971 S f external conv loan 4s. .Feb 1972 S f extl rnnv loan 4s Apr 1972 ♦Gtd sink fund For footnotes see page 20 107.5 109.31 F 101.24 Sale Treasury 25*8 Registered FOREIGN 187 ,000 334 ,000 117.7 111.22 Dec. 2 114.18 106.15 Sale .1955-1960 — Agricultural Mtge Bank 227 ,000 106"23 "IS - Treasury 25*8 Registered Home Owners 3,429,000 Dec. 14 31 14 118.30 Dec. 1 105.20 Sale —1951-1955 Registered Treasury 25*8 Registered Treasury 25*8 Registered Treasury 25*8 Registered Treasury 25*8 Registered Treasury 25*s Federal Farm Mortgage 1,767,000 119.6 Dec. Sale 107 Registered 1 10,000 Apr. 114.1 113.24 112.25 D 1946-1949 1949-1952 Sale Prices 116.4 Dee. 114.17 Sale Sale ,— - 75,8,000 Treasury 2?*s 4.533,000 119.6 118.17 119.4 106 30 Sale 1946-1948 - 114.3 no'ti - Registered 112.11 MS — 22,000 Sale Prices Sale Prices Sale Prices Ask 107.3 D 119.2 118.19 Sale — - - Registered 1,000 2,874,000 Treasury 3s Registered 4,234",000 Treasury 3s 1938 Highest 105.1 J 1943-1947 2,434,000 Treasury 35*8 Registered 6,000 2,888,000 Treasury 35*8 Registered 51,000 2,814,000 Treasury 35*8 Registered 48,000 2,550,000 Treasury 35*8 Registered 9,000 2,309,000 Treasury 35*8 YEAR 110.12 116.22 Sale Registered 2,097,000 Treasury i%a Registered..: 61,000 Ask Bid Lowest Highest 114.3 O i. Registered 3,000 1,973,000 Treasury 35*8 16,000 Registered 1,731,000 Treasury 3J*s Bid Lowest 31 118.30 A Registered 1944-1954 Dec. Dec. 1 1938 Bid 2,617,000 Treasury 49 26.000 Registered 2,214,000 Treasury 3%s RANGE FOR IN DECEMBER Jan. 3 STOCK [EXCHANGE U S GOVERNMENT BONDS 1947-1952 2,776,000 Treasury 45*s 10,000 PRICES Price BONDS Months 1938 9 8 94 10 4 93 54 5 4 5 4 5 4 5 5 5 — -. 8 254 254 93 4 10 4 104 25 % 25M . 98 4 M N 96 4 F A A O 8S4 884 6 « 9 64 6 4 64 ... Sale Sale Sale 7 4 7 4 74 96 87 4 80 4 80 4 26 ----- 96 94 Sale Sale 7 4 84 98 Sale Sale Sale 104 84 84 8 4 95 87 4 78 7 8 26 26 95 Sale 94 Dec. 8 8 4 114 84 84 74 Sale 10 9 4 104 954 Sale Sale 785* 7 4 74 30 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 9 Dec. Dec. 23 Dec. 31 Dec. 29 93 Dec. 21 6 Nov. Jan. Jan Mar. 104 9 4 9 4 94 4 Dec. 114 Dec. Dec; Dec. Dec. 31 27 29 29 6 Jan. iH H&. Dec. " 855* Sept. 94 Dec. 16 97 84 4 76 Dec. 13 Dec. 13 705* l)ee'.' 11 874 Dec. 80 4 Doc. Dec. 30. \ 255* Nov. 30 8 255* Dec. 96 5* Sept. 7 105* Dec. 31 105* Dec. 29 165* Jan. 175* Jan. 254 254 944 104 104 10 254 Dec. 254 Dec. 6 6 10 105* 9 5* 95* 95* 1005* 5 H Mar. 845* Dee. 70 1 Dee. 76Vh Dee. 14 Dec. 21 Dec. 31 Dec. 27 Dec. 29 Dec. 29 Feb. 25 965* Jan. 885* Jan. 885* Jan. 3 3 3 30 Sales 12 n. y. stock for Price bonds Months 1938 M. EXCHANGE Y. UTOCK (C«H*wi) Australia 5s of 1935 July 15 1955 External loan 5« of 1927 1957 External ft 4%S '01 1928.-1956 ♦Austrian Govt S f 7s ...1957 Foreign Government 3,8yi ,000 2,2<i3,0U0 4,0l*,UU0 1,10J,uuu z 13,000 ♦Bavaria (Free State) extlbH*—*945 1,too,000 Belgium 25 year external * Ha—1949 External s f 4a—. -.—- -1955 l,l/d,0UU £ & j 104 M N 100 % 103 j F A M S j J ----1941 .--1957 1957 ---1952 1957 1958 —..-19511 (U S of) external 8a of 1924 1927... ♦Cent Ry 30-year g 7i Brisbane (City) sf5» Sinking fund gold 5s 20-year • f 6a ♦Ext • f g *%« ♦Extl l f 4H« of 106^1 2,309,000 o2,000 1,519,000 F A j D D 1960 A fund 4 6a ♦External sinking -Feb Feb 3-4,000 ♦6s assented 1961 6s ♦Ky ref extl s f g ♦6s assented /o,000 f 6s Int ctfa ♦Extl 550,000 o,000 ♦Extl sinking fund 6a ♦6s assented -- ♦68 assented — ♦External sinking 1,241,000 Sale 102)1 Sale fund 6s ts N D 1961 ♦6s assented 22,000 ♦Guaranteed sinking fund 6b 86i,000 o ,000 ♦68 assented 1,004,000 ♦Chilean Munlc Loan 7s 10,000 ♦Chinese Hukuang Ry 5s... 111,000 ♦Cologne (Germany) • f *%• Colombia (Republic of)— ♦6s of 1928 ...Oct 3,035.000 ♦Extl s f g 6s 2,324,000 Jan 112,000 ♦Colombia Mtge Bank 6)48 248,000 ♦Sinking fund 7a of 1926 — 113,000 ♦Sinking fund 7s of 1927 1,979,000 Copenhagen external 5s. Gold 4%s 1,617,000 36,000 ♦♦Cordoba (City) 7a ♦♦7s stamped. 494,000 252,000 Cordoba (Prov) Argen 7s .... — . .. — — - — O 1961 A 70 69 % 69 % 69 % Sale Sale Sale n M 1951 J D 1950 ai A O 1961 1961 J J 1947 A Sale Sale 1953 M N 1957 F A 1957 F A 1942 J J MN Sale Sale . Sale Sale Sale 59 Sale 31% 26 97 101 Sale 98*4 101 99 10*4 10*4 Dec 15 12*4 Dec 31 63 60 ■ Sale 13*4 _ 33 16** Sale 16% Sale" 17% "17% "16% "17*4 16*4 Sale" "11% "15% "1V% "15*4 "11% "11% "11% "15"" "16*4 "12" 20 40 Sale 40 —34*4 12*4 13 14*4 Sale 22 20 99*4 97*4 52% 53*4 ..... 23*4 Sale 9754 54 Sale 86 97*4 96 Dec 100 Dec Dec 102 96*4 Dec Dec 11 1*> h 13*4 1 62 Sale 62 50*4 Sale 52*4 49*4 Dec 49*4 Dec 50*4 Dec Dec 50 50 55 Sale 29 Sale 3 62 15 \VA Sale Sale 16*4 Sale Sale 14*4 Sale 14*4 Sale 14*4 Sale 12*4 14*4 Sale 12*4 14*4 Sale 12*4 14*4 Sale 12*4 13*4 "14"" 20*4 52 Dec 1 37*4 Dec 41*4 Dec 19 30*4 35 31*4 Dec 36*4 Dec 13 104 ?t* 110*4 110*4 102*4 Sale 103*4 Sale 101*4 Sale 97*4 18*4 21*4 56 vy* 30 28 Sale Sale 15*4 17*4 Sale 15*4 Sale Sale 15*4 17*4 15*8 Sale 18 Sale 15*4 15*4 12*8 15*4 9 30 30 98 Dec 30 31 Dec 10 98% 97*4 92*4 16*4 Dec 32*4 Dec 29*4 Dec 2 29 Sept. Mar. Mar. Sept. Sept 1 26 Dec. ----- 20 26*4 Dec 26*4 Dec 27 15*4 14*4 15*4 13*4 15*4 13*4 15m 13*8 lo*4 Dec Dec Dec Dec Dec 18 14*4 Dec 93 8 28 17 11 7 10 7 7 3 13 8 Dec. 30 Jan. 20 Dec. 30 1 Dec. 31 Aug. 32% Sent 26% July 19" 14 1 28 June 23 Dec. l 14*4 Apr. 13*4 Dec. 19* 15. 18 Dec 31 15 dec 15 Dec 19*4 June 23 Dec Dee Dec 18 % Dec 15*8 Dec 13*4 Dec 15*4 Dec 13*2 Dec 18 Dec Mar. _ June 22 Nov, 22 30 13*4 Dec. 15 Dec 31 15 19% June 22 15%/Dec 31 13*4 Dec. 31 29 15 28 18 Dec 38 15 Dec 28 17*4 Dec 14*4 deo 28 2 28 18 Dec 15*4 Dec 15*4 Dec 30 27 5 28 28 28 9 13 Dec 29 21 15*4 Dec Dec 30 13 Dec 31 13*4 Dec 15*4 Dec 31 31 12 *4 16 13 Oo " 31 27 28 Mar. Mar. 23 13% Dec. 281 15 1' Apr. 13 *4 Dec. 28 14% Apr. 13*4 Dec. 12% Mar. 12*4 Dec. 12*4 Mar. 12% Dec. 12*4 Mar. 12% Dec. 13 Mqr. 12*4 Dec. 11*4 Mar. 31 Dec 13 28 14)4 Dec 30 20 20 Dec 20 19*4 Dec 7 18 18 Sept. 10 Mar. 29 10 Mar. 29 Dec Dec Dec Dec Dec 1 21 *4 Dec 29 1 21 Vo 21 % Dec. 30 2 Dec 12 94*4 18*4 18*4 25*4 25*4 25*4 94*4 93*4 Dec Dec Dec Dec 31 21 25*4 25*4 25*4 97*4 95*4 58 Sale Jan. 30 29 19*4 Dec 25*4 25*4 27 25*4 95*4 Sale Jan. Dec. 7 15 12 31 20% 21*4 Sale 53 10 10 Dec 20 Sale" 70*1 70*4 70*4 72*4 11 Dec 35 15*4" Sept. Sept. Sept. Dec. t 85 78% 79*4 Jan. Feb. Jan. Jan. Jan. Jan. Jan. Jan. 4 18 14 Aug. 5 Feb. 16 38 Mar. 9 32 h Sept. 1 a27 Sept. 1 Mar. 31 23 15 15 21 Sale Dec Jan. 8 13 18 13*4 Sale 15*4 Sale 14 12*4 15 13*4 2l *4 o27 26 29*4 Dec 18 14*4 Dec 12*4 Dec 14*4 Dec 12*4 Dec 14% Dec 12h Dec 14*4 Dec 12*8 Dec 13*4 Dec \fA 2 23 36*4 35% 111% 113*4 103% 104% 102% 99*4 Mar. 104 102*4 Dec 98*4 Dec 28 29 Sale" 18 Dec 111% Dec 110)4 Dec 103*4 Dec 30 15*4 18 31 35 31*4 Dec. 31*4 Dec. 103 Sept. 106 Sept. Dec Dec Dec Dec Dec Dec Dec 19 18*4 Sale 18*4 Sale 25*4 25*4 30 25*4 97*4 Sale 94*4 95*4 3 55 Dec. 31 64 Apr. 23 49% Sept.26 47 Sept. 27 50*4 Dec. 23 50 Sept. 27 36% June 17 1 40*4 Sale 16% Sale 14% 16% Sale 16% 14*4 16*4 14 51 101*4 102*4 102*4 98M Sale 98*4 22 20 18*4 31 34*4 31*4 29)4 Sale 26*4 24 30 22*4 29% Sale 26*4 14*4 16% 14*4 Dec 38*4 Sale 110*4 Sale 111 110*4 Sale 110*4 Sale 102*4 103% 103*4 Sale 16% 14*4 7% Sept. 28 78% May 3 53*4 Dec 54*4 Dec 54)4 Dec Dec Dec. 28 8% Sept. 26 19*4 Jan. 8*4 Dec. 13 19 *4'Jan. 8% Dec. ' 8 19*4 Jan. 95 Sept. 29 102 Mar. 95 Apr. 1 101*4 Jaa-f 98 Mar. 31 103 Aug. 2 26 4 2 6 Dec Dec Dec Oct. 2 17% Jan. 16 H Jan. 3 17 2 2 65 75 56 Dec 9 57*4 77 60 80*4 51*4 76*4 57 81 51*4 Dec 71*4 Dec 17 57 % Dec 3 8 77*4 Dec 2 ,l9>* 19*4 20*4 21*4 19*4 Dec 107*4 Dec 2 21*4 Dec 3 107*4 Dec 14 15<* Dec. 31 15 Dec. 19 June 24 Dec. 2 19% June 23 19% 14*4 19% 15*4 18% June 23 Dec. 30 June 23 13 Dec. 21 18% June 23 12% Dec. 13 June 23 13 % Dec. 13 18*4 June 24 13 Nov. 17 18 18* June 23 30 May 22% Nov. 3 12 21% Dec. 29 21% Dec. 30 11 26 Nov. 18 10 8 26 Nov. 18 3 25% Dec. 83% 4ept. 26 101% Mar 7 83 Sept.28 100*4 Mar 3 55 80 Sept. 27 Jan. 24 43 Apr. 6 64*4 Oct. 25 8 71*4 Dec. 90 Jan. 17 1 60 Jan. Dec. 30 I 17*4 Sale F A 103*4 95 102*4 Sale 71 % Sale o o 105 104 Sale 105*4 103*4 100*4 60*4 Sale 100*4 101 W 75 Sale 104 104 102 60 70 80 104*4 Sale 100*4 Sale 99*4 Sale 101 Sale 102*4 103 74 72% 77 101*4 99*4 Sale 104*4 74 Sale 100 Sale Dec 102 58*4 Dec 100*4 Dec 103 72 75 75 Dec 60*4 Dec 20 96 1 52 100 Dec Dec 14 73*4 Dec Dec 101 1 75 75 105 Dec 9 Dec 6 Dec 6 101 Dec 2 99*4 Dec 103*4 Dec 100 Dec 97 *4 Dec 16% May 21 24 Jan. 31 101% June 15 107% Dec. 20 102*4 Oct. 15 110% Feb. 15 23 Dec 2 100 105 — Sale 31 *4 Dec 21*4 103 a Sale ~ — 53*4 Sale 54 *4 Sale 52*4 55 24 e a 16 ,VV* 100 100** m . 16 100 Sale Sale A D 9 Dec Dec 8*4 Dec 8*4 Dec 56 1946 M N 1952 J Dec Dec 9 Sale 37*4 O 1947 F 87*4 Sept. 28 106*4 Feb. 85*4 Sept. 28 102*4 Aug. 16 Dec. 30 105% Feb. 14 17*4 Sept. 30 23 Mar. 8 98 Jan. Sept. 28 108 2 '96*4 Sept. 28 107*4 Jan. 3 105 Sept. 28 115*4 Feb. 1 18 Sept. 17 23*4 Feb. 2 17% Dec. 22 24 Mar. 1 6 10*4 Dec 10*4 Dec 99*4 Dec 11 Sale 72% Sale e 1951 361,000 ♦Costa Ulca (Rep of) 7s 144,000 Cuba (Rep of) 5s of 1904 1944 5l ext debt Ser A of 1914 1949 89,000 186,000 IHa external loan 1949 2,063,000 4)48 external debt 1977 330,000 30-year a f 5)4*. 1953 ♦Public Works 5%s June 30 1945 6,121,000 1,111,000 Czechoslovak (Rep of) extl 8a ..1951 Sink fd 8s ser B 685,000 .1952 3,219,000 Denmark 20-yr external gold 6s .1942 External ii 1955 2,292,000 External g 4h*— ...1962 3,757,000 UDeutsche Bank Am part ctfs 1932 ♦♦Stamped extd to Sept 1 1935 86,000 1942 170,000 Dominican Republics f 5(4s 1st ser 5(is of 1926 1940 75,000 2d series sinking fun<|, 5 <s 83,000 —1940 Customs Adm 5)4s 2s ser. 1961 151,000 5%s 1st series 1969 69,000 5)4a 2d aeries-_* 61,000 -_-f 1969 J 1945 61,000 ♦Dresden (City) extl 0 f 7s . S 2 12?| Sale Sale Highest Sale Prices Sale Prices 88 Sept. 26 106*4 Feb. 3 2 10 % 12 53 1962 M N 1960 Dec 10*4 10*4 10*4 97*4 ..... O 1962 yf 20 107*4 Dec Dec 105)4 Dec 115 Dec Dec Dec. 23 IV* Dec Dec. 22 20% Dec Sale 78 D A Dec 23*4 Dec 9% 9*4 9*4 60 ' 1961 Dec. 30 Dec. 27 "12*4" 85 D 1961 103*4 Dec. Dec. 21 103*4 Dec Dec. 21 100 Dec YEAR 1938 Lowest 106 1963 M N 1957 J Sale Prices Dec. 20 Sale 70 S d Sale Prices 100 101% 100*4 101*4 99*4 98*4 Sale 97*4 Sale 16 17*4 16*4 19 22*4 22*4 107*4 l06*4 106*4 106 Sale Sale 105 104*4 114 Sale 118 113*4 Sale 21 19*8 21 "18*4 19*4 17*4 106 16*4 1962 M Ask Sale Sale 80 70 S 1962 M Highest Sale 14*4 1957 j - 107"" 104*4 113*4 20*4 Ask Bid 10*4 "l6% Sale' M RANGE FOR Lowest Dec. 31 Sale 22% Sale 16% 1963 M ♦6s assented 28,000 993,000 ♦Chile Mtge Bank of gu a f t %» 2 7,000 ♦6%s assented5o 1,000 ♦Guar a f gold 6)48 1L ,000 ♦6%s assented 911,000 ♦Guaranteed,^ f gold 6s. 22*4 Sale 1961 Jan 1961 Sept 1961 Sept 1961 97.J.OOO 11,000 a O 1961 Jan ♦External a f gold 6a 1,913,000 23 % Sale 1960 ♦6s assented 100 22 1942 MP « 103*4 103*4 Sale 18 % 19 99% Sale 99% — — — Bid Sale eg j ♦7s assented— 105 Sale Sale. 104)4 Sale in 495,000 ♦Budapest (City of) 6a —1962 M S i9,000 ♦Buenos Airss(Frov)ref.ext'l a 16a 1941 M S 31,000 ♦Stamped — 1961 F A lo,000 ♦6*$s stamped 1977 M S 2,7/o ,000 Readjustment 4X-4%s— — 1976 F a SoZ.000 Refunding a f 4)4-4 %s — 1976 A O Extl readjust 4%s-4%» *o-t,000 1975 MN Extl s f 4%-4% 5 bonds 5to,000 j 1984 j 212,000 3% external a f $ bonds Bulgaria (Kingdom of)— J 1967 j ♦Secured s f 7s— 522,000 1968 M N ♦Stabilization loan 7*4s-ots.UOO 1960 A O 2,23o,000 Canada (Dom) Gold 4a 1952 H N 2,3iy,000 30-year gold 5s - - F a l.yoi.UOO 10-year 2 %•Aug 15 1945 j j 1961 2,13u,UU0 25-year 3)48 j 1944 j 1,3-40,000 7-year 2)4* j 1967 j b,o*6,000 30-year 3a. j 1954 j I5o,000 ♦Carlsbad (City) sf8a 1950 M S loo.oOO ♦Cent Agrlc Bank (Ger) 7a j 1960 j 330,000 ♦Farm Loan a f 4a 1960 ♦6s July coupon on 4,000 1960 A O 638,000 ♦Farm loan a f 6s 1960 7 ,000 ♦6s Oct coupon on — 1942 M N 95o,000 ♦Chile Republic ext a f g 7s lo.OOO Ask Sale Sale yHS.OUO External sf 7« 1955 ZtfZ.OUO ♦Berlin (Germany) • f *%• 1950 ♦External linking fund ti..—1958 3 o> 1,000 ♦Brazil 104)4 M S J Dec. 1 1938 Bid j PRICES IN DECEMBER Jan. 3 hO, ... 2,210,000 3,33/,000 2,ao,ouo 1,2rt2,0UU 5.->8,000 Oo3,000 441,000 exchange-bonos Jan. 18 102 Mar Aug. 25 62% July May 24 106 Feb 9 78% Feb 62*4 Apr. 30 21 4 15 Mar. 23 104 Jan. 24 50% Oct. 13 105 Jan. 25 93 Sept. 28 106% Feb. 14 50 Sale 93% Sept. 28 104 91*4 Sept. 2s 102 Feb. 2 Feb. 25 83 97*4 Jan. July June 67 June June 65% ort 65% Oct 3 55 55 56 55 Jan. 67 Dec. Nov. 23 . 8 75 85 M S 50 66*4 A O 50 65 57 61 A O 50 64 M S 50 59 A O A O 50 50 M ... .. El Salvador (Rep) let •' 65 57 70 64*4 63 68 62 64 70 60 5854 65 70 59 63 75 66 64 Dec. 100 6 66 64*4 Dec. 13 65 67 65 Dec. 10 65 Dec. 22 Dec. 14 Dec. 10 66 64 Dec. 8 67 Dec. 65*4 69*4 65 Dec. 6 65 Dec. 6 55% June 65'w 60 75 65*4 Dec. 7 65*4 Dec. 20*4 Dec. 7 51 19 13 22 '70 M N 19 Dec. 27 6 Jan. Feb. Mar. 1 26 27 3 65% Dec. 7 Apr. 12 Hs A —1948 J J ♦Certificates of deposit 192,000 I ......1967 J 193,000 Estonia (Republic) 7a Finland (Rop of) asternal 6s 1945 M S 412,000 1953 M N 240,000 ♦Frankfort (City ♦) a f 6(4* 812,000 F>ench Republic 7)4* stamped.,1941 J D 7 (4« unstamped 1941 342,000 External a f 7a stamped. 1949 j"b 279,000 7s unstamped 1949 80,000 25 34*4 99*4 100 107 108 102*4 92*4 100 21*4 Sale 98 ..... 99*4 102 15 97 106*4 ----- 109 18 98 Sale 21 Sale 103 120 103*4 13*4 97 15*4 100 105*4 18*4 13*4 Dec. 96*4 Dec. 105*4 Dec. 28 12 15*4 Dec. 97*4 Dec. 10 106*4 Dec. 22 20)4 Dec. 9 19 1 18 Dec. 2 20 107*4 107)4 Dec. 23 109*4 Dec. 6 Dec. 13 103*4 Dec. 16 104 Dec. 12 123 Dec. 112*4 118*4 112 2 ..... 103 ----- 103% 13*4 Dec. 95 30 Mar. 23 Nov. 109% Dec. 5 9 6 104 Dec. 123 Dec. 2 107 99% Jan. ..... Mar 100% Mar. 9 108% Jan. 24 104*4 Mar. 18 Dec. 99 Mar. 93 *4 May 104*4 Apr. Oct. 11 13 German Gov't International-* 6,650,000 599,000 2,000 3,391,000 538,000 ♦35-year 5.(4s stamped . ♦German 222,000 125,000 57,000 31,000 113,000 222,000 29,000 3,836,000 506,000 * D 1965 ♦7a unstamped J O (Cons Agrlc Loan) 6(4s aer A. 1958 ♦Greek Govt secured 7a 1964 MN 20*4 30*4 31*4 28*4 27 Sale 27 —. 30 33*4 19*4 26 20 1968 paid 29 22 .1952 a"o ♦Hamburg (Stata) 6s 1946 a o J ♦Heidelberg (City) extl a f 7)4e..l950 J Helslngfors (City) ext 6(*s I960 a o Hungarian Cons Municipal Loan— Haiti (Rep of) 6s series A _ 87*4 19 21*4 84 Sale 19 105 — ... 19% Dec. 18*4 Dec. 29% Oct. 1 26 Oct. 3 July 38% Oct. 28% Oct. 5 28)4 Dec. 25*4 Dec. 16% Sept. 28 16*4 Sept. 27 July 5 23% Sept. 28 20 • Sept. 29 25)4 Dec. 28 24% Mar. 29 29*4 Nov. 19 Sept. 22*4 Apr. 33 23 29 Jan 21 19 70 27 Jan 21 85 Jan. 24*4 Dec. 20*4 Dec. 26*4 Sale 24*4 23 24*4 Dec. 23)4 Dec. 103*4 Sale 59 ♦Hungary (Kingdom of) 7)4s 1944 1979 F Extended at 4)4% to Irish Free State external 5s—. . 1960 F ' A 18 57*4 A A 46 41*4 36*4 101% 113 113"" w* 103* 8 105 ✓ 10% 12*4 19*4 9*4 9*4 11*4 13*4 29*4 80 Sale 75 80 62 67 Sale 58*4 83*4 Sale 54*4 Sale 79 Sale 65 Sale 64*4 1,273,000 Italian Public Utility iff 7a— 1952 5,327,000 Japanese Gov extl a f 6Ha......1954 Extl sinking fund 5%s 1965 4,717,000 J J F A m N 77 64% "37)4 Dec. Dec. Dec. 15 27*4 Dec. 30 6 22*4 Dec. 103*2 Dec. 22 15 .84 Dec. 1 18*4 Dec. 16 5 104)4 Dec. 30 9% 9*4 9*4 9)4 37*4 Dec. Dec. Dec. Dec. Dec. 29 Dec. 28 9 13 '27 28 14 11*4 11*4 11*4 9*4 37 % 36*4 7 Dec. 8 Dec. 1 Dec. Dec. 22 Dec. 14 3 Dec. 108*2 1) 1951 11 32 Italian Cred Consortium 7a ser B 1947 m .8 Italy (Kingdom) external a f 7a 21% 20)4 Dec. 20 27*8 Dec. 30 17*4 Dec. 28 39 F 23*4 22 20 14*4 11*4 12*4 9*4 11*4 Sale 12*4 11.*4 . 21 Dec. 78 19 .. 21 25 20 23% 19% 19% 18 25*4 '28** 33 20 17% 20*4 21*4 22 17% f g 7(4s For footnotes, see page 30 Sale 19 80 J • .1945 J 26 24*4 27*4 Sale J ♦Secured s f g 7« 1946 J ♦Hungariao Land Mtge 7)4a A. 1961 m N •S f 7)4a series B. .1*61 m N ♦Secured 20*4 ..... 29*4 ..... 29*4 25*4 1968 FA ... . 26 20 1964 ♦7s part paid ♦6a part 24*4 Sale 23 3 1 Bks— • •S f secured 6a 25*4 23 f 24 1949 Communal 25*4 21*4 20 Republic 7s stamped.. 1949 A O German Prov fk 331,000 49,000 165,000 190,000 385,000 206,000 186,000 56,000 241,000 1965 *5 (4s unstamped ♦5(4« atpd (Canadian holder).. 1965 80 *-4 Sale 77 Sale 80 Sale 73 79 Sale 81*4 Sale 72*4 Dec. 75 29 Dec. 28 81% Dec. 2 80 Dec. 1 Dec. 7 78 Dec. 29 86 Dec. 5 64*4 Dec. 30 70 Dec. 22 50*4 Dec. 29 59 July 30% Jin. Dec. Feb. 17% Dec. 16*4 Apr. 102 22% Nov. 20 Oct 105% Oct Sept. 7*4 Sept.17 9 Sept. 17 9 Sept. 23 9% Dec. 28 37 May 2 29 Dec. 112% May 54 Sept. 63% Sept; 43 Sept. 61*4 Aug. 44 Aug. Sent. 13 28 19 Jan 28 12 5 5 21 25 28 18% Jan 11 18 Jan 25 14 Nov 9 59% Feb. 16 43 Aug. 1 25 117% Mar 30 26 82 Jan. 19 29 81% Nov: 9 27 65% Jan. 12 3 86 Nov. 5 3 72 Nov. 5 "3 Sales for 813,000 572,000 128,000 57,000 1,243,000 1,177,000 843,000 1,257,000 1,540.000 2.438,000 2,347,000 143,000 178,000 2,057,000 1,443,000 Bid d ♦Medelltn (Colombia) 6%s d 1954 o j ♦Mexlco(u s)external 5a of 1899£ 1945 q ♦Aaaentlng 5a of 1899. ...1945 ♦Aaaentlng 5a large. Q ♦Aaaentlng 5a email ♦4a of 1904 1954 j 1954 j 1% s f ♦Secextl s f 6% a 6%s 1958 m 1959 m ....1952 j ♦Montevideo (City) 7a ♦6a series a o 5% a f fe 195? g 5a f 9 55 55 101 a External a f g 5a 1958 Norway 20-year ext a f 6s.Aug 151943 20-year external a f 4a. Aug 15 1944 Extl sinking fund 4ks._......1956 External sink fund 4a a 4%a ♦Extl 106% 104% 102% 102% 102% 1963 f 5a sec Sale 104% 60 1953 Sale 55% Sale 103% 101% 105 101 1947 m 35% 40 10% 15% s 1959 m s Sale d j a ♦78 extl Water loan...........1956 m s ♦6s extl Dollar loan...........1968 j j Sec s i g 7s 1940 a o ... ... j m ♦Warsaw (City) external 7a assented. 12,000 Yokohama (City) extl 2,003,000 a f 4a Sale 6% Sale 15 9% Sale 10% 10% Sale 20% ----- 70 104% 6 % Sale 6% Sale 6% Sale Sale 6% Sale 7% Sale 66% 67% 10% 9% Sale — a o f a 106 6% 6% 10 Sale Sale 15 7% Sale 17 24% 18 . 12 Sale 11% Sale 6% Sale 7% 5% 19% Sale 30 33 31% Sale 32% Sale Sale 30 54 35 58% — - 41% 41% '27% "31% 103% 104% 57 Sale 51% 101 50 46 102 53 59% Sale 53% Sale 45 50% 56 52% Sale 43 45 53% 43 51 55 40% Sale mn 49% 54% 41% 37% 41% 65 80 99% 100 58% Sale 66 13% % Sale 18 7% 6% 18% 43 Dec. Dec. 22 22 Dec. 12 9 Dec. Dec. 23 Dec. 13 8 Dec. Dec. Dec. 42 42 Dec. Dec. 9 9 9 14 14 7 Dec. 6% Dec. Dec. 1 2 60% Sale 53 90 90 Sale 43% 39 43% 39% 25% 24% 30% 37 57 20 19 55 Dec. 5% Nov. 21 7% Apr. 1 Sept. 28 7 7 2 37 42 2 5 Sent. 28 July 12 Sept. 29 30% Dec. 28 Nov. Sept. Dec. 8% Dec. 16 7% Dec. 16 7% Dec. 22 5% 6% 6% 61% 13% Dec. Dec. Dec. Dec. Dec. 12 14 13 16 27 21 Dec. 20 19 8 Dec. 22 68% Dec. 31 Dec. Dec. 1 12 7% Dec. 21 6% Dec. 16 10% Dec. 7% Dec. 27 6% Dec. 13 11% Dec. 21 8% Dec. 20 7% Dec. 30 6 Dec. 16 20% Dec. 2 7 Dec. 16% Dec. 24 9 4 14 25 7 67% Jan. 82% Jan. 19 6 62 Jan 6 24 Nov. 12 Nov. 12 31 Mar 12 21 19 15 Jan. 5% Nov. 23 10% Jan. 7 13 Dec. 7 5% Dec. 12 Mar. 2 5% Mar. 31 6 Sept. 28 45 Sept. 28 10% Jan. 8 10% Jan. 11 10% Jan. 11 73% June 30 13% Dec. 27 38 Jan. 5 20% Sept. 14 Aug.30 22 Aug. 26 i Jan. Jan. 17 May 6% Dec. 14 5% Mar. 31 r 23 31% Dec. 14% Sept. 28 Feb. 90 56% Dec. 44 44 8 Dec. 12 5 Dec. Dec. 28 42 41- * Mar. 54 Jan. 53% Jan. 53 36% Dec. 37% Dec. 38 Apr. 38 July 50% Sept. 39 Dec. 28 42% Dec. 55 18 34 Dec. Dec. 28 Dec. 16 20% Dec. 39% 31% 57% Dec. 30 Sept. 34 Nov. 1 Dec. Dec. 58% Dec. 18 Nov. 17 June 16 3 104% Feb. 60 Mar. 11 23 52% Nov. 7 10 60% Mar. 10 54% Jan. 19 33 10 8 43% Oct. 43% Oct. 39% Dec. 55% Dec. 29 9 8 36% Dec. 22 40% Dec. 66 26% Sept. 26% Sept. 7 4 60% Jan. 38% Apr. 40% Apr. 36% Dec. 16 9 37% Dec. 37 4 35 36% Dec. 22 38 10 35 May 20 34% May 20 Sept. Aug. Sept. Aug. 41 37 45 9 13% Jan. 13 Jan. 11% Jan. 47% Jan. Dec. Feb. 30 25 2 7 11 Sept. Sept. Sept. 26 46,% Dec. 14 52% Dec. 18 23% Sept. 13 30 31 Nov. 26 4 Nov. 25 6% Sept. 26 5% Nov. 23 20 24% Dec. 14 24% Dec. 16 Dec. Dec. Dec. Dec. Dec. Dec. 20 1 Dec. 1 Dec. 23 30 Dec. 23 23 20 30% Dec. 14 12 102% Dec. 19 30 25% 38 31 15 23 24 19 55% 11 12 24 25 25 Dec. 28 6 25 5 Oct. Oct. Oct. 15 13 13 Jan. 25 3 10 12 11 14 4 6 24 94% Sept. Dec. 30 2 Dec. 25 2 36% 41 9% Jan. 10 20 21 6% Dec. 14 5% Dec. 29 13 41 Sale 8 Feb. ~ Jan. 20 108% Jan. Jan. 1093 101 % Sept. 58 37 41 3 67 11% Jan. 10 10% Jan. 7 98% Feb. 14 6% Nov. 5% Mar. 18 3 7% Dec. 6% Dec. 31 8 Aug. 18 Aug. 18 17 Dec. 41 Jan. Jan. 19 9% Dec. 28 9% Dec. 28 Dec. 39% Sale 1% Apr. 26 3 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 31 1 3% Jan. 8 2% Feb. 28 3% Jan. 18 6% 10% 10% 10% 51% 51% 39% 57 28 13 13 52 Dec. 3 15 14 20 28 28 26 Feb. Mar. 1 Mar. 24 61 3 Dec. 28 5% Dec. 13 4 4% Mar. 4 Mai*. 28 6 19% Dec. 6 19% Dec. 1 27 105 Dec. 8 3 106% Dec. 15 30% Dec. 30 3 30 30 100 99 101 51 27 51% 52 Dec. 46 8 47 50n 51 54% 52% Dec 27 42 46 43% Dec 28 41% Dec 28 43% Sale 15 42% Dec 40 51 Sale 34% Sale Dec. Dec. Dec. Dec. Dec. Sept. 18 6% Mar. 29 6% Dec. 14 14 28 22 0 33 ----- 27 16 15 20 19 51% 19 57% 53% 8% Dec. 8% Dec. Dec. Dec. Dec. Dec. Dec. Dec. June 20 27% Aug. 6 11 Aug. 2 2% Jan. 12 Dec. 29 37 May 20 57% Jan. 1 Dec. 88 Sept. 26 104% Feb. 5 Dec. 88% Sept. 28 103% Mar. 2 103% Mar. 18 107% Aug. Dec. 3 104 Mar. 18 107% Aug. Dec. 5 Dec. 99% Sept. 26 107% Aug. 6 Dec. 98% Sept. 28 104% Oct, 1 Mar. 18 103% Sept. Dec. 99% Sept. 28 104% Nov. Dec. 20 Nov. 17% Dec. 23 22 Dec. 12 4 62% Mar. 43% Aug. Dec. 10 9 41 57% Mar. Aug. Dec. 6 96% Mar. 18 103% Mar. Dec. 28 June 4 104% Jan. 86 Dec. 28 Oct. 40 May 24 62 Mar. 31 Dec. 29 32 62% Oct. 48% 101% 101% 105% 105% 105% 103% 101% Dec. 28 Dec. 31 Dec. 15 Dec. 19 41 7% Dec. 26 7% Dec. 22 48 28 Opt. 23 Dec. 21 1 % % % % % 1% Dec. 61% Dec. Dec. 23 5% Dec. 27 9 Dec. 21 Dec. 24 21 a d 1 Sale Prices 46 Mar. 31 •% % % % % 1% Dec. 1% Dec. 19 24 49% 1958 f 50 6 Dec. 29 24% 6% 7% 6% Sale 7 1 15 6% 68% Sale 6% Sale 6% Sale 51 10% Dec. 28 % Dec. 16 % Dec. 13 26 mn a 20% Dec. 20 1% Dec. 6% Dec. 28 6% Dec. 14 Dec. 17 Dec. 29 47% 48% 98% 98% 7 7% Sale 7 50 1958 f YEAR 1938 iJHighest Sale Prices 30 Sept. 20 20 Dec. 13 Mi Dec. 18% Dec. 21 18 Dec. 23 Sale 102% Dec. 106% 104% Dec. 35 28% Dec. 6% 21 52 55 9% 7% 11% Sale 47% 48% - 55 18% 18% 21% Sale 103% Sale 105 28 30 10 Dec. 29 14 20 28 28 Dec. 27 30% Dec. 28 9% 9% 16% Sale 40 m n ,..1941 1 11 9 22 21 Sale 107% 112 24 36% s External conversion 1979 mn 65,000 3%-4%-4»ii% extlconv 1978 j d 50,000 4-4%-4%s extl read) 1978 f a 304,000 3%a External readjustment... 1984 j j 60,000 Venetian Prov Mtg Bank 7a.....1952 a o 47,000 ♦Vienna (City of) 6a. .....1952 mn 264,000 468,000 60 Sale 6% Sale d ...1962 m n Taiwan Elec Pow 5ha..........1971 j 55% 50% d ♦7s ser b sec extl 1962 mn 3,053,000 ♦Silesia (Prov) extl sink fund 7a. 1958 d 402,000 4%s assented 1958 d 36,000 ♦Sileaian Landowners Aaan 6a...1947 p a 57,000 1955 p a 645.000 Sydney (City) a f g 5%a 1952 345,000 Tokyo City loan of 1912 5a External a 15ha guar... ..1961 1,783,000 254,000 ♦Uruguay (Rep) external a f 8a..l946 ♦Ext a f 6s 1960 705,000 ♦Bxter a f 6a ..1964 140.000 3%-4-4%% ($ bonds of 1937) External readjustment 1979 2.459.000 3%-4-4%% ($ bonds of 1937) 100 Sale 31 10% 98% 108 ' 101% 100% Dec. 19 102 Sale 98 Dec. 14 100% 40 9% Sale 9% Sale 9% 95% 20% " ♦8s secured extl Sale 12 10 7 1946 a o 58,000 •Saxon StateMtgelnat7a.......1945 j ♦sf a 6%a_ Dacl946j 57.000 Serbs Croats & Slovenes (Kingdom)—- 5% 11 1966 mn 1953 | 45 10 20% 40 15 % Dec. % Dec. % Dec. % Dec. % Dec. 100% 105% 104 105% 104% 104% 104" 102% Sale 100% 104% 17% 22% 54 55% 38 59% Sale Sale a f 4a 98" 60 Sale 52 100 52 Sale ♦8a extl secured 49 47 45 53% 101% Sale 100% 101% 105 105% 104 105% 106% 104% Sale 105 104% 102% Sale 102% 101 101% Sale 104 103% "22% 18% 55% Sale 53* 51 53% 100 100% 95 7% 7% 7% 50 a 1968 j 45 8% 8% 52 50% o s f g... ♦7a extl loan of 1926 7 7 47 Sale Dec. 21 1 2% % 56% 39 ...1953 f ♦6a extl 2 1 1% Sale 61% Sale 2 % Dec. 27 % Dec. 16 % Dec. 15 % Dec. 20 % Dec. 19 1% 1% 1% Dec. 8 1.. % Sale ....... 1,380,000 10% --- 10% Sale 10% Sale 37% 38% 47% 51% Sale f__..........1952 m n ♦6%a extl secured a f 1957 m n San Paulo (State of) ♦♦8a extl loan o* 1921..........1936 j j 173,000 ♦8a external 1950 j j 787,000 1,586,000 1% 9% % % % Sale d (City of) 8a.....1946 a 6%a Rio Grande do Sul (State of)— ♦8a extl loan of 1921... 6,000 ♦Saarbruecken (City) Sao Paulo (City of) 513,000 758,000 1,992,000 % % 50% aer ♦Rio de Janeiro ♦Extl Sale Sale 103 19 a.—....May 15 1963 m n ♦Stamped (assented).......1903 MN a 60 101% Sale Municipal Bank ext s f 5a.___.1970 ♦Nuremberg (City) external 4a. .1952 Oriental Development 4a 10% Sale i965 f extl loan.a.. Sale s d 1959 mn .... New South Wales ext a 64% Sale" ♦7a Municipal loan............1967 j d 1952 a o 2,953,000 Rome (City) externa) a f 4 ha 1959 f a 1.311.000 ♦Roumania (Kingdom of) 7a ♦February 1937 coupon paid 25,000 256.000 559.000 8% 8 1 ♦♦Small. Sale Prices 16 13 24% July 1% ♦♦Treaa 4a of '13 aaaent (large) 1933 ♦Sec extl 20 ... Milan City (Italy) ext loan 6%«__i952 a Mlnas Geraes (State of, Brazil)— Dec. Dec. Lowest 25 1 ♦Sf gold 6a. 1952 a o 551,000 856,000 Queensland (State of) ext a f 7s.. 1941 a o 25-year extl a f 4a Feb 15 1947 f a 492,000 80,000 ♦Rhlne-Maln-Danube deb7a aer a1950 m s 647.000 295.000 -1 Highest Sale Prices 35 ~~3% d d 202,000 ♦Porto Alegre (City of) 8a....... 1961 ♦Extl loan 7%a ..1966 j 313.000 1952 mn 394,000 Prague (Greater City) 7%a 287,000 ♦Prussia (Free State) ext af 4 %._ 1951 m s 409,000 1,176,000 — d ♦Aaaentlng 4a of 1904 ♦Aaaentlng 4a of 1910 large ♦Assenting 4a of 1910 email ♦National loan ext a 14a 1960 j 5,211,000 ♦National loan ext a f 4a......1961 3,182,000 1940 629,000 ♦Poland (Rep of) g 4s ♦Stabllis loan 7a of *27. Oct 15 1947 550,000 ♦External a f 8a 1950 997,000 313,000 2,114,000 _ 5 2% 2% 40 23 38 o 545.000 ♦Pernambuco (State of) 7a 784,000 ♦Peru (Rep) Sec a f g 7a. . 104% 6 7% 3% 2% Ask Ask Bid 45 "22 j External deb 5ha............. 1958 mn 883.000 Oalo (City) 4%a extl sink fund..1955 a o 313,000 ♦Panama (Rep) external 5%a 1953 j d 63,000 728,000 Bid 38 42% a ♦Mexican Irrig Aaaentlng a f 4 %■ 1943 mn Ask Lowest Dec. 31 Dec. 1 1938 ♦Jugoslavia (State Mtge Bk) 7»__1957 a ♦Leipzig (City) external a f g 71.1947 f ♦Lower Auatrla (Prov) 7jia__.__.1950 j RANGE FOR Jan. 3 n. 7. stock exchange foreign govt (Concluded) 455,000 116,000 6,000 815,000 161,000 53,000 458,000 207,000 61,000 6,000 579,000 424,000 566,000 50,000 57,000 2.932,000 PRICES IN DECEMBER Price b BONDS 12 Months 1938 31 N. Y. STOCK EXCHANGE—BONDS Jan., 1939] June 5 43% Aug. 1 37% Mar. Jan. 8 7 5 Mar, 50 2 42% Feb. 11 AVX June 14 100 Jan. 13 62 Jan. 6 35% Nov. 18 Feb 65 25 railroad and industrial companies. 1,175,000 n«Abitlbi Pow & Paper 1st 5a...1953 i d 386,000 Adama Express coll tr g 4a......1948 m s Collateral trust 4s of 1907 ..1947 j d 248,000 4%a stamped.................1946 f a 435,000 Adriatic Elec Co external 7a.-...1952 a o 146,000 57,000 Ala Gt Sou 1st cons 5a ser a._....1943 j d First cons 4a series b 1943 j d 654,000 80,000 Albany Perfrated Wrap Paper 6a. 1948 a o 6s with warrants assented....1948 41,000 139,000 2,076.000 1,620,000 344,000 6,787,000 ■3,000 785.000 263,000 552,000 Albany ftSusq 1st guar 3 Hfa. 98% i03% 82 112j 103 65 66% 61% Dec. 28 66% 66% Sale 7 103 101% Dec. 101% 101% 103% 104 1 103 101% Dec. 103% 101% Sale Dec. 27 106 103 105"" 105 105% 66 103 77 Ms4- Sale 64 '38% 50 Sale 77 Sale Sale o Sale Sale 83% Sale 94% 84 Sale 4a......1952 m s 98 103 2030 m s 56% Sale a f deb 5s.. .....1953 j d American ig Chemical 5ha ..1949 mn Amer fnternat Corp conv f h8..1949 j j 103% Sale American ice 77 Sale 70% d s ,72% 35" o .....1950 o Allegh & West 1st g gu 4a 1998 Alleg Valley gen gu 4a. .....1942 m s Allied Stores Corp deb 4%a 1950 a o 4%s debentures... .......1951 f a stamped 1955 m 103 34 34 50 Sale 96 95 99 Sale 69 llV& Sale 37" 50 Sale 45 104 Dec. 23 Dec. 24 Dec. 6 70 Dec. 20 71 Dec. 3 50 45% 104% 104% Sale 1 103% Dec. 30 Dec. Dec. 27 35% Dec. 14 Dec. 24 Dec. 22 34 77 75% Dec. 2 Dec. 6 70 40% Dec. 22 9 33% Dec. 45 Dec. 24 Dec. 22 81% Dec. 31 Dec. 29 Dec. 30 38% Dec. 31 35% 53% Sale 102 97 93 88% 109% Sale 37% 53 102 40 Sale 103% Dec. 23 104% 97 Dec. 27 98% 91% Dec. 28 94% 2 110% 108% Dec. 34 34 70 45 44 25 June Sept. June Dec. Dec. July Mar. Mar. Mar. 16% June Nov. Dec. Dec. Dec. May 79 96 Dec. Mar. Apr. Apr. Dec. 24 Nov. 12 Mar. 5 Feb. 28 103% Dec. 30 54 Jan. 4 57 Jan. 5 90 Jan. 18 85 Nov. 12 76% Nov. 14 50% Nov. 14 78 105 Nov. 14 Nov. 16 Jan. 7 98% Nov. 26 95 A'ig. 26 109 115 Aug. 6 102% Dec. 8 101% Dec. 27 102% Dec. 100% Dec. 16 102% Dec. 7 Dec. .21 112% Dec. 2 1 105% Dec. 31 Dec. Dec. 12 105% Dec. 30 111% Dec. 21 113% Jan. 20 99% Apr. 2 105% Dec. 31 99% Apr. 1 105% Dec. 31 49 102 101% Sale 111% Sale 111% 105% Sale 104% 105% 105% 104% 110 109% 114 102 Sale 100% 102 Mar. 6 Dec. 23 103 Feb. 11 3 100 July 18 38% Mar. 30 63 95 Jan. 31 102% Dec. 8 7 99% Mar. 31 105% June 80 7 Apr. 1 102% Dec. 37% Dec. 19 102% Sale 102% Sale 101 103 June 45 101 79 50 98% Sale 94% Sale 110% Sale 72% Oct. June 86 94 58 100 65 50 40 92% o Dec. n 103% Sale 35 ♦Collateral ac convertible 5s...1950 ♦Alpine Montan Steel 7s Amer & Foreign Power deb 5a Sale 35% Collateral and convertible 5a..1949 conv 105 105% 70 63 33 a ♦5s "68" 57 67 1946 Allegheny Corp coll tr conv 6s..1944 8,453,000 Allis-Chalmera Mfg 137,000 4,630,000 196,000 3,525.000 910,000 92 Dec. 21 Dec. 3 37% Dec. 19 54 Dec. 30 1 27 June Amer Tel & Tel— 20-year sinking fund 5 Ha 1943 mn 4.999,000 3h* debentures..............1961 a o 6,822.000 3h* debentures ........1966 j d 6,531,000 225.000 ♦Am Type Found s. f. debs 2%<-5a.l950 j j 667,000 Amer Water Wks & Elec 6s ser a.1975 mn For footnotes, see page 30. Sale Sale 112% Sale 105 Sale Sale 105 Sale 109 109 115 Sale 103% Sale Dec. 16 112 Dec. 14 104 Dec. 16 Dec. 1 Nov. 14 97% May 11 116 Apr. 1 106% Nov. 15 84 N. Y. STOCK Safes j 2 Moi 193S If BONDS Bid Anaconda Cop Mln • f deb4%a ..1950 A O 104 % Dec. Dec. 1 1938 $ 4,974, PRICES Price IN DECEMBER Jan. 3 Y. STOCK EXCHANGE N. EXCHANGE—BONDS Sale Bid Ask Ask Bid 105 Ask 31 105% 106 Sale Lowest Highest Sale Prices Sale Prices 104% Dec. 7 106 Dec. 22 AngloChiiean Nitrate— 2,047, 296, 23, 5,288, 2,601, Ark & July 1995 U J II* M b A J J A O 197, 438, 974, 22, 24, 376, 2,171, 937, 742, 1,456, . 672 570 let Mat 4a g 4a f a B ser (Del)—1955 1957 C (Del) aer -.1995 ........ July 1 1995 July 1 1995 vojuatment g 4a ♦Stamped 4a... Conv g 4a of 1909 Conv g 4a of 1910 Com ... deb gold 4a 35 8,737 152 8,268 103 5,681 75 6,659 97 53,755 115 2,272 2 3,796 41 793 125 386 820 14 11 1,163 772 243" 435 327 108 3.933 8,240 .2,678 25 3,675 1,425, 970 388 194 1.977 .1,353 36, 1 766 2,005 825 1.003 1,421 317 708 24 2,586 23 273 126 42 562 312 528 739 1,297 1,006 General unified 4%a aerlea L 8c N collat 74 886 135 45 667 52 9 839 Sale Austin 8t NW lat g 1st mtge g 6 107 105% 102 111% 113 HI* D J J 100 J J 104% 106 M fe 95 D Sale 88 J M"N J J J coll tr 5a. 1959 J J M J J J J —1941 atpd....._1940 MN M N a* ie* 85 26 58 It* Sale 30 29 71 65% Dec. 17 6 31% Dec. 29% Dec. 14 33% 31% 15* Sale Dec. 12 Dec 70% Dec 36% Dec Dec 31 32% 51 Dec. 21 51% 55% 53% Dec 1 104% Dec 104% 104% 102% Dec. 21 Dec. 20 25 19 Dec 24 22% 71 Dec. 14 74% 71% 75% 74% Dec 101 102 Dec 100% Dec. 21 101 2 Sale 55% Sale 48% Dec. 55% Dec Sale 54% Sale 48% Dec. 12 54% Dec Dec, 23 49 49% 51% Dec "26" 92 102 Sale" 23 69% 100% 49% 49% 1995 J D 38% Sale 19% Sale 20 Sale 16 Dec. 8 19% Sale 15 Dec. 28 1995 J D 45 Sale 19% Sale 20% 20% Sale 17 Dec. 28 Sale Dec. 28 2000 M 37% Sale 18% Sale 19 Sale 17 15 20% 19% 20% 20% Dec. 28 19 Sale Sale Sale 13 Sale 11% Sale 45 Sale Dec Dec Dec Dec Dec Dec 16% Dec 18% Dec 12% 14% 14% 14% 9% 9% 40% 22 "18% 16% 18% 16% 43 Sale 41 Sale Certificates of deposit Ref & gen 6s series C Certificates of deposit.! Ref & gen 5s series D S Certificates of deposit Ref & gen 5s series F 1996 Certificates of deposit. M S F A 38 Sale .... Convertible 4%s Certificates of deposit P L E & W Va Sys ref 4s .I960 31% Sale' 1941 MN 67% 78 1950 J J 59% 45% Sale Sale 1959 59% Bangor 8c Aroostook &R 1st g 5a '43 112 gold 4a.. ........1951 105 Sale 1951 108 109 "93"" 100 4a stamped Battle Creek 8c Sturgla gu 3s 1989 Beech Creek Extcn lat g 1951 33*4 Bell Telephone of Pa lat 5s B 1948 First 8c ref 5a series C 103* ?t* 1943 ♦Berlin City Electric deb 6 Ha...1951 ♦Deb sinking fund 6%a 22% 1959 .1955 ♦Debenture 6s 28 28 22 22 29 II* Dec Dec 11% Dec 45% Dec 29% 23% 23% 18 24 Dec 27 43 Dec 28% Dec 28% Dec 28 35 Dec Sale 28 Sale 32 28 33 37 Dec 34% Sale 38 35% 109% Sale 103% Sale 103% 104 Dec 107% 108 Dec 99% 101 Dec Sale 99% Dec 100 40 45 69% 117% 117% 127% 1960 Belvldere Del cons gtd g 3%a 18% Dec Dec 37 33% Sale Certificates of deposit Toledo Cinn Div ref 4s A 18% Dec Dec Dec 33 Certificates of deposit So western Div 1st mtge 5s 45 43 Dec 30 104 12 45 Dec Dec 85 85 117% 118% 117% Dec 117% Sale 128% Dec 128% 128% 129% Sale 30 29 "26% Dec 27 109% Dec 16 103% Dec 28 Sale 25% Sale 25% 118% Dec 129% Dec 26% Dec. 16 24% Dec. 24 25 29 Dec 13 26% Dec 26% Dec Dec. 28 27% Dec Dec. Berlin Rlec Elev 8c Undgrd Rya— ♦lat 6%s 1956 Bethlehem Steel 4%a aerlea D Cons mtge 3%s series E 3%s s f .I960 J O J A O 1952 1944 A J D 108 S 43 Boston 8c Maine 1st 5s aer AC...1967 M 1st mortgage 5s series 11 1955 MN lit g 4%rseries JJ 1961 A O {♦Boston& NY Air Line lat gu 4«1955 F A Brooklyn City RR lat 5a J J 1941 3%s__—1966 M N Bklyn Manhattan Transit 4%i__1966 M N Bklyn Oueena Co 8c Sub gtd 5s_.1941 S* 40* MN 1st cons mtge 5s stamped 12 1st lien 8c ref 6s aer A 44% J 60 F A Sale .......1956 lat lien 8c raf 5a aeries B 1957 f deb 3%« Buffalo Gen Elec 4H« «er B M N 4 D M N ....1950 F A ..1981 a F A 1967 J D 1957 MN Buffalo Niagara Elec 3%a ser C Buff Roch 8c Pitts cons 4%s Certificates of deposit *{♦ Burl Ced Rap & Nor M N 74% 107% 110 104% 108 68 75 93% Sale 105% Sale 110 110% 106% 41% Sale 1934 A O 8% 10 9 .... {Bush Terminal Co 1st 4s 1952 A 83 1955 J 37 Sale {Bush Term Bldgs 1st 5s gu 1960 A 53 61 Calif-Oregon Power 4s 1966 A con gu 5s ser A.....1962 Canadian Nat gold 4%a 1957 A Consol 5s Canada Sou Guaranteed gold 5s Guar g O J July 1969 J Oct 1969 O 1970 85% 105% 113% 116% 118% A 118 ...June 15 1955 J D 1956 F A 116% 114% 113% 124% 86% 4%a Guar g 4%s ..1951 Canadian Northern guar 6%s_„.1946 Canadian Pac 4% deb stock Collateral trust gold 4%a 5s equip trust ctfs Collateral trust g 5s M S J J J J 1946 M S 101% 1944 J 113 ...1954 Collateral trust 4%a 1960 {♦Carolina Central 1st gu g 4s__ 1949 Caro Clinch & Ohio 6s ser A ..1952 J J 100% J 97 J J 107% 97% Dec. Sale Sale Sale 21% Dec. 22 21% Dec. 21 20% Dec. 22 6% Dec. 19 Sale 48 108% 35* 39 Sale Is* MN 10H J "35" 10 Central Foundry 1st mtge 6s..._1941 General mtge 5~ 1941 Cent Hudson G & K 1st & ref 3%s '65 6% 12% J 7 J M S M S M S A 55 106 Cent 111 Elec 8c Gas 1st 5s 1951 P Central Illinois Light 3%a 1966 A {♦Central New Eng 1st guar 4s._1961 J Central of N J gen g 5s.. General 4s ....1987 J if* 1987 J 25 3%s 1962 A Cent Pac 1st ref gu g 4s 1949 FA ..1954 i960 98 69 h 14 10 14 10 . 8* 1U Sale Sale 14 Sale Dec Dec 9 109% Dec 29 28% Dec 28 1 25 Dec 7% Dec 13 7 28 72, Dec 17 43 Dec 15 52% Dec 96 Dec Dec Dec Dec. Dec. Dec. Dec. 17 iltl Dec Dec 22 118 % Dec Dec 15 15 115$ Dec 113 Dec. 28 114% Dec 121% Dec. 29 123% Dec 78% Dec. 21 81% Dec Dec 98 96% Dec. 15 112 Dec. 20 112% Dec 96 Dec. 21 98% Dec 88% Dec. 28 93% Dec 45 Dec. 104 Dec. 8 Dec 10 106% Dec 93% Dec 14 48% Dec Dec. 27 Dec. 12 Dec. 21 90 14 39 Dec. 7 39 8% Dec. 9 Dec. 10 12% Dec 6% Dec 4 Dec. 2 6 Dec 7 Dec. 28 10 Dec 7% Dec. 27 5% Dec. 13 10 Dec Dec 4 8 70 103 Dec 117% 117% 116% 114% 100 Sale 96% 108% 1 111 Dec Sale 107k Dec Dec 76% Dec Dec. 28 74% Sale Sale 70 Dec Dec. 14 Dec. 12 Dec. 5 Dec 17% Dec 7SH 111 Dec Dec Dec 74% Dec 116% 109% 103 110% 110% 110 "5l"' 26 29 35 103% 102% Dec. 21 104% Dec Dec 110% Dec. 19 Sale "71" 104 Sale Sale 23 24% Sale 19 35 22 20% 106% Sale 106% 74% Sale 72% Sale 70 60 69% 61% Sale 55 60% Sale 116 90 123 26 Dec. 6 nzVA Dec 53 54% 115% 115% 115 Sale 29 O A 17% Sale 38 32% 12% Sale 6 5% 6% 5% 109% 107 "97% Sale A O F 103 103% 153 Guar 5s 8 14% 6% 483, Through St L 1st gu g 4s 4% 4% Sale O Dec 114 88 A 1946 Dec. 27 48% Dec. F ♦Mobile Div Is I g 5s 92 90 D Dec 91% Dec. 21 98 114% Dec. 28 115% 55 J O Dec. 89 1948 D 48 5% 4% 69% 45 72 ♦Cent Br Un Pac 1st g 4s J 29 36% Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 63 56 A A Dec. 28 91% 17% 63 10% 5% D F J 92 106% 110% 108% 22% 21% 88 80 J A 71% Dec. 12 48% MN 1959 83% Dec". 17 87% 106% Dec. 15 107% 104% Dec. 27 107 88 1947 5?* 35 ----- 90 1981 24 Dec 28% Dec 27% Dec 106% Dec. 12 108% Dec 71 Dec. 17 Sale 77% Dec 38% 38% Dec. 15 38% Dec 89 Carthage 8t Adir 1st gu g 4s Celotex Corp deb 4% a w w 5%a series B Dec. 29 Dec Sale 94 91 {♦Cent of Ga Ry 1st g 5s...Nov. 1945 ♦Consol gold 5s 1945 Dec. Sale 86 82% Sale 106% 107 1073s Sale 104% 106 106% 103 76 Sale 74% 78% 96 Sale 94% 89% 107% 108% 106% Sale 111% 110% Sale 108% 109% 109% 28% Sale 25% Sale 23% 6% ~"8% 5% Sale Sale 5 4% 74% 69% 74% 69% Sale 45 38% 42% ' 55 52% Sale 52% 92% Sale 95% Sale Sale 98 95% 93% 115 115% 115% 115% 115% Sale 115% Sale 118% 119% 118% Sale 118% 119% 118% 119% 117% 117% 116% 117% Sale 114% 115% 115 114 114% 113% 114% 122% 123% 122% Sale 80% 79% 80% Sale 98% 97% 97% Sale 112 112% 112% 112% 98% Sale 97% Sale 89% 93% 93% Sale 60 60 42% 43% 104% 105% 105% 106% Carriers 8c Gen Corp deb 5s w w.1950 Central N Y Power 9 101% Dec 5 100% Dec . , . 1st 5a ♦Certificates of deposit 4%a 33% 9 107 100 49 Sale 35% 87% 105% Dec. Sale 28% 27% 9% Sale Sale 77 Sale J 1947 Debentures gold 5a 51 26 Sale 29 Sale 107 44 1941 Brooklyn Union Gas Co let g 5x.l945 Brown Shoe Sale 29 106% 101% 100% 106% 26% Sale 22% 24 7% 7% Sale 1950 Brooklyn Union El 1st 5a. 26 Sale 103% Sale 50 27 29% Sale 100% Sale 98% Sale 106%107 % O Big Sandy Ry lat mtge 4s Bklyn Edison 26% 106 100% Sale 92% Sale ..1966 debs conv A 23 61, Dec 68 71 76 Dec. 55 53% 102% Sale 60 J-J 2,806, Dec 69 78 83 77% 81% ♦Middle Ga 8t Atl Div pur m 5s. 1947 1,437, 4,978, 86 62% Dec. 23 64% O 42 284, 8 68% 77% 85 69% 80% O Ref & gen 5s series A Con ref mtg> Sale 75 Sale A ♦Ref 8t gen 5s series C 1959 ♦Chat Div pur money g 4s 1951 ♦Macon 8c Nor Div 1st g 5s.....1946 1,245, Dec 98% Dec 98% Dec A 17 1,745 96 5 8 July 1948 668 26 125 Dec. 24 July 1948 4s 5s ♦Ref 8t gen 39 Dec. 24 96' 96% Dec. 96% Dec. If* 67% 76% 69% 32% Certificates of deposit. 314 137 30 Sale Sale 6 107% Dec 104% Sale 107% Sale 104% Dec. 8 87 Dec. 92 89 90% 87% 89% Dec Dec 90% 89% 89% 87% 87% Dec. 8 90 95 95 92% Dec. 29 91% 92% Dec 91 Dec. 15 "92" 92% 92 92% 92% Dec 91 90% 87% Dec. 28 87% Dec 87% 87% 1003^ Sale 98% Dec. 10 100% Dec 99% Sale 5 98 Dec 98% 99 99% 97% Dec. 97% 1 109 Sale 108 Dec. 108 Dec 108% 2 108% Dec 105 Dec. 108% Sale 105% 106 113 108 108% 112% Dec 82 85% Dec. 15 85% 87 Dec "93% 91% "93% 89% Dec. 15 86 S 1953 5a guar Bait & Ohio 1st mtge g 103% 102% 103% ) {♦Auburn Auto'bile conv deb 4H« '39 Baldwin Loco Wks 5a 103 106% Sale J Second 4s Guar gold 1,842 109 % Sale 97 32% Dec 36% Dec 97% 98% Sale 100 Oct.. 1952 1948 1948 gold 4a Atlantic 8c Danville lat g 4a 574 1,990 97% J A..1964 Guaranteed g 5s 861 Sale 25% Dec. 29 33 38 86% J M May 1 1945 10-yr coll tr 5s 234 3,651 1,380 25% Sale 96 Sale D A ...1962 Atl Knox 8c No lat g 5a 1946 Atl 8c Char Air Line lat «%s A..1944 lat 30-year 5a aer B 1944 4tl Coast L lat cona 4a July 1952 Guaranteed g 5s. 855 60 D Cal-Arlz lat 8c ref 4%a aer 966 1,023 1,299 36% 97 D Trane-Cont Short Line lat 4a gl958 Atl Gulf 8t W £ SS Line 6,120 5,586, 42 Sale "88" D 1965 Rocky Mt div lat 4a A Atlantic Refining deb 3s__ 29 Nov MN 1955 1955 ...1960 ..1948 Conv g 4a of 1905 393 71 31 lopeka & Santa Fe— Gen g 4a. 358, 386 31 93 F Armour & Co 4a ♦ Jan Memp Bdge k Term let fta.1964 {Aflo Arbor let Atchlnson 8,406, 157, 3,101, 90, 535, 107, 4,750, 1967 ♦Sinking fund Income deb 21% Dec. 17 24% 21% 106% Dec. 27 107% 70% Dec. 12 74% 19 Dec. 15 Dec Dec Dec Dec 67 Dec. 20 68 Dec 53 Dec. 61 Dec 5 Central RR and Banking of Ga— 24, 135, 1,637, 5s extended to May 1 1943......... Central Stael 1st sink fund 8s...1941 Certain-teed Prod s f g 5%a A...1948 MN MN M S 59% Sale . 80 Sale Dec. 22 55% 54 54% Dec Dec. 21 115% Dec 115% 115 79% Sale 74% Dec. 28 81% Dec Champion Paper 8c Fibre— 1,031, 512, S f deb 4%a (1935 issue) S f deb 4%s (1938 issue) For footnotes, see page 30. 1950 M S 1950 |M S 1105% 99% 104 99% Sale 99% 104 100 Sale 99% Dec. % Dec. 3 99% Dec. 2 100 7 Dec. 31 BONDS !* Jan. 3 H. 7. STOCK EXCHANGE t-sft. 1938 Sales for 12 Months 1938 Bid Ask 10154 102 Sale 118 Ha aer D——1996 M N Ref & lmpt mtge 3 Ha aer E 1996 F A Sale 96 H Sale Sale 96 54 Sale 105 54 Ref Ac lmpt mtge 3 May Craig Valley lat g 5a 111",666 R 5c A Dlv lat 3d 7,000 con con 104 104 10954 10754 2654 Sale Warm Sprlnga Valley lat g 5a .1941 ♦Chic 5t Alt RR ref g 3a 11154 mm mm 1949 "12"" 9754 Sale Sale 103 54 97 H 1977 105 Sale 88 54 10954 Sale 9054 Sale 93 54 ....1971 1934 1951 M N 15 226,000 Chic 86 Erie lat gold 5a 1983 M N 6,992,000 {♦ChlpGt Western tat 50-yr 4a—1959 M S 108 Sale 15 Sale 1654 Sale 439,000 237,000 1,542,000 48,000 ♦Stpd non payt Fed Inc tax. 1987 9)4 454 Sale Sale MN 726,000 948,000 I,264,000 ♦♦15-year 1,011,000 9,408,000 ♦lat secured 6 Ha.. -—-1936 May 3037 stamped—May 3037 5c ref 4 Hs aer C May 3037 ♦lat 5c ref g 5a... ♦lat 5c ref 4H9 1949 ♦Cony 4Ha aeries A D 2,524,000 797,000 2,538,000 1,403,000 1,104,000 25,000 1,287,000 166,000 41,000 8 D 8 ...1944 A O —1963 J J 3H« series E— —.1963 3Hs guaranteed —1951 Chicago 5c Western Indiana 4a..1952 1st & ref mtge 4 aer D———1962 L'hllda Co deb 5a 1943 {♦Choc Okl 5c Gulf conaol 5s 1952 J M S J J J D C C C 5c St L gen g 4a 4,000 1,941,000 389,000 General 5a aerlea B 16,000 891,000 1,000 *9",000 24,000 51,000 20,000 2,000 110,000 1,584,000 2,075,000 1,848,000 295", 000 350,000 1,051,000 3,395,000 266,000 2,827,000 46,000 22,000 L8 L6 50 Sale 47 8)4 Sale 7 Sale 8H Sale 654 Sale i4H Sale 94 H —. 1993 —...1993 Ref 5t lmpt 4 Ha aerlea E 1977 Cairo Dlv lat gold 4a......—..1939 Cln W 5c M Dlv lat g 4a... 1991 St Loula Dlv 1st coll trust g 4a.1990 Spring 5c Col Dlv lat g 4a 1940 W W Val Dlv lat g 4a 1940 Cleve-Cliffs Iron 1st mtge 4Ha._1950 Cleve Elec Ilium lat M 3Ha——-.1965 Clev 5c Pitta gen gu 4H« «or B—1942 Series B gu 3Ha 1942 Series A gu 4Ha.. 1942 Seriea C gu 3HS-_ —1948 Series D gu 3Ha 1950 General 4 Hs series A— 1977 Gen 5c ref. mtge 4H• aerlea B—1981 Ciev Short Line lat gu 4H*-1*61 Clev Union Term lat gu 5Ha A—1972 lat a f g 5s aerlea B guar 1973 lat a I 4Ha series C .1977 Coal Riv Ry lat gu 4a 1945 Colo Fuel 5c Iron Co gen a f 5a—1943 ♦5a Income mtge —1970 Colorado 5c Southern 4Hs ser A. 1980 Columbia Gaa 5t Elec deb 5a 1952 J J 54 H 52 63 Sale 105)4 107 H 10954 Sale 109 Sale 104 H 105 100 Sale J J 54 Sale 10254 Sale 855 86 J A 10154 —;; 100 J O 10454 11054 Sale 110 MN 10454 10954 10554 108 F A 105 F A J A A J 10654 10554 10454 106 10554 107 10154 104 AO J A A J J O O o o D F A A O 91 1054 9 10 80 4754 70 Sale 10954 9954 100 59 60 Dec. Dec. 554 Sale 6954 22 6 354 Dec. Dec. 4954 108 Sale 35 Sale 23 Dec. Sale 2154 23)4 2354 23 54 Dec. 30 12 Sale 9 354 15)4 16 54 1654 Sale 2)4 Dec. 24 16 Sale 19 Sale Sale Sale Sale Dec. Sale Sale Sale 5 17 Nov. 10 14 Dec. 31 3 60 2 Sept. 1354 14)4 Sept. Sept. Apr. Apr. Sept. Sept. Sept. Sept. Sept. Dec. Dec, 20 21 19)4 Dec. 31 7 354 Dec. 31 2 )4 Dec. 1554 Dec. 20 15 19 Dec. 31 15 12 Dec. 16 15)4 Dec. 8)4 Dec. 854 Dec. Dec. 19 13 Dec, 30 31 15 T 7 Dec. Dec. 654 Mar. 354 Mar. 43 Dec. 44 Dec. 27 15 Dec. 18 Dec. 15 1354 Dec. 21 6)4 Dec. 6 y± Dec. 554 j_»ec. 7 6 )4 Dec. 8 6)4 Dec. 20 17 Dec. 15 July 15 14)4 Mar. 29 1354 Dec. 21 5)4 Mar. 30 Sale 754 9 Sale 78 60 77 Sale 45 4 Dec. 15 3 Mar. 29 74 Dec. 30 55 Mar. 31 74 Dec. 30 2 63 Dec. 2 63 Dec. 2 86 Janl 5554 Dec. 10 5154 Dec. 5 43)4 Dec. 28 60 Dec. 30 45 July 7 63 Dec. 1 46 June 9 4954 Dec. 15 36 June 14 7854 Feb. 8. 7054 Oct. 21 5454 Jan. 3 Dec. 19 10454 Dec. Dec. 21 10754 Dec. Dec. 28 10554 Dec. Dec. 21 10254 Dec. Dec. 12 9054 Dec. Dec. 14 89)4 Dec. Dec. 28 7854 Dec. 1054 Dec. Dec. 23 1 108)4 Dec. Dec. Dec. 13 110)4 Dec. Dec. 20 10154 Dec. 6 7854 88 Sale 31 103 99 97 )4 June 24 1 5 27 8 2 13 71 71 Jan. 8 109)4 June 5 110 Mar. 1 Jan. 13 13 10554 Jan. Jan. 100 Apr. Mar. 92)4 Jan. 48)4 10)4 102 54 10654 Apr. 80 July 17 Nov. 100 Aug. Dec. 102 5 11054 July Apr. 20 10854 Jan. 5 7554 Dec. 29 59 75 Apr. July 5354 Dec. 99)4 Dec. 9 60 41 June 95 July 70 55 Dec. 28 69)4 68 Dec. 70)4 Dec. 96 96 Dec. 24 7 13 96 9054 Jan. 9254 Mar. 7354 Jan. 10254 1938) 1958 J 2,000 Conn 5c Paaaum Rlvs iat g 4s..—1943 A 1951 J 27,000 Conn Ry 5t Lt lat g 4 Ha 76,000 439,000 3,023,000 3,471,000 1951 I Stamped guar 4Ha Conn River Power s f Conaol Edison (N Y) 3Ha A...—1961 P deb 3Ka—.1946 A 1948 A 1956 A 1958 J Consol Hydro-Elec Works of Upper ♦Wuerttemberg 1st 7a 1956 J 72,000 2,211,000 3,654,000 3Hs debentures 3H® debentures... June 57 June 7854 Feb. 18 Nov. 99 12 16 87 Sept. 10354 Mar. 107)4 Dec. 107 Sept. 10454 May 5 6 97)4 Apr. Sept. 7 11254 May 12 107 Sept. 20 106)1 104 54 June 28 108 10454 Dec. 30 108 100 Sale Sale 8854 7854 7354 163** Sale 6054 4254 Sale 96 Sale 96 Sale 93 54 Sale 61 MS# 73 82 Dec. 21 85 Dec. Sale 87 Dec. 29 90 Sale 77 71 Dec. 22 81 Dec. Dec. 77 71 Dec. 28 74 Dec. 64 17 103 Dec. 95)4 May 24 103 65 40 May -3 Sale 103"" 7,705,000 Consolidated Oil conv deb 3 Ha—1951 —1954 200,000 {♦Consolidated Ry deb 4a. ♦Debenture 4a_. ...—J5cJ 1955 187,000 ♦Debenture 4s..—......-A5cO 1955 8,000 ♦Debenture 4a 1956 53,000 1960 468,000 ♦Consolidation Coal a f 5a .... J Sale June 20 Sept. 27 102)4 Jan, 9254 Jan. J 18 101 Dec. Feb. 2 43 38 Dec. 22 Dec. 30 Mar. 31 49 July 25 92)4 92)4 92 54 Sale 91 Dec. 24 96 86 9154 Dec. 29 96 99 98 Dec. 28 94 Dec. Apr. 29 Apr. 29 Apr. 28 Jan. 94 Sale Dec. Dec. 14 18 15 28 88 10354 Dec. 104)4 Sale 10254 Dec. 12 103 54 Dec. 103)4 104)4 10554 Dec. 27 10654 Dec. 108 Sale 108 Sale 10754 106 54 10554 Sale Sale Sale 108 Sale 108 Sale 10954 Sale Sale 109 Dec. 16 ■110 86 85 Dec. 29 1 104)4 Dec. Sale 103 105)4 Sale 109)4 Sale 9854 98)4 10954 15954 10854 Sale" 10854 10954 108)4 Sale 109 Sale 106 10554 Sale 10654 Sale 10654 Sale 22 2754 10554 Sale 10554 106 2154 102 Sale 103 54 10 Sale 9 54 1054 954 1054 954 10)4 954 5654 Sale J A J J 10754 107)4 10554 10454 13 1 1 Dec. 21 1 109 Dec. 6 Dec. Dec. 20 108 9 108)4 Dec. 29 Dec. 9 10954 Dec. 29 Dec. 1 104)4 June 10654 Apr. 13 105 Apr. 6 9554 Mar. 31 3 9954 Jan. 100 Apr. 1 11054 954 9)4 9)4 50 1 10854 Dec. 1 1 108)4 Dec. 1 106)4 Dec. 10554 Dec. 12 10654 Dec. 1 100 108)4 Dec. 108)4 Dec. 105 8 2 104 Dec. 12 10554 Dec. 27 104 Dec. 9 105)4 Dec. 28 2454 2254 102 Sale 16 954 9 29)4 9)4 9 20 58 Dec. 9 10954 Dec. 31 52 Dec. 30 Dec. 2254 Dec. 30 9 103)4 Dec. 30 12)4 Dec. 23 Dec. 12 Dec. 9 Dec. 8 9 Dec. Dec. 28 12)4 Dec. 29 1054 Dec. 19 10 58 Dec. 28 Dec. 19 616,000 648,000 437,000 2,051,000 1.287,000 lat Hen Ac unlf mtge lat lien 5c unlf mtge 1st mtge 3Hs_. lat mtge 3H« lat mtge 3 — 3Ha—...1965 3Ha 1965 ..1967 1970 1966 For footnotes, see page 3G. M N M N MN M N MN Sale 101 98 Sale 100 9 10854 Dec. 21 3 12 107 54 Dec. Dec. 30 10 108 108 54 108)4 10754 108)4 19754 Dec. 10654 107)4 106)4 Dec. 10754 Sale 107)4 Dec. 10754 Sale 10754 108 Sale 108 Sale 108 107)4 Dec. 10 10854 Dec. 16 104. 1 27 1 nn&A Don. 10554 Sale 10454 10454 Nov. 21 110 Aug. 29 104)4 Dec. 13 10354 Aug. 1 10654 Oct. 11 Mar. 31 10954 Oct. 8 10254 Apr. 4 10954 Oct. 17 103)4 Sept. 16 108)4 Dec. 29 100 Sept. 28 111)4 Oct. 19 10054 10054 107)4 10754 10454 104)4 Dec. Jan. 9654 Jan. 11254 Jan. 105 Sept. Jan. 11154 Oct. 19 101 Jan. 12 Feb. May Apr. Apr. 10854 10854 10954 106)4 May 31 107 Oct. 10354 Sept. 9754 Apr. 99)4 Apr. 104)4 101)4 10254 10054 98)4 Nov. 15 Nov. Nov. 7 4 31 10554 Nov. 15 105)4 Dec. 28 2054 Feb. 12 26)4 9254 Mar. 31 104 1754 954 Dec. 12 9 Dec. 9 16)4 9)4 Dec. 8 1154 9 Dec. 9 1554 58 40 Apr. 11 Consumers Power Co— Sale Aug. 16 6054 Dec. 43 Sale 31 4 12 5854 Dec. 28 62 Sale 9754 Sale 1554 2154 4 Sale 6054 10654 Sale 4 10654 102)4 10454 Sale Jan. Jan. 18 10654 Jan. 25 June 23 101)4 June 23 7 July 1 104)4 Jan. Mar. 30 10554 Jan. 4 Apr. 85 86 Sale 10854 10554 May 20 105)4 May 18 10654 Nov. 14 10454 Dec. 30 10454 Dec. 30 Sale 103'" 10354 3 61 102 3Hs debentures 1 3 94 10954 10754 106 54 10754 10554 Sale 10354 Sale Jan. 3 50 109 101 19 5 12 109)4 Sale 103 54 Sale from Sept 30 9 Dec. 24 Conv debs 3Hs (Interest II,720,000 3 5 20 8 108)4 Dec. 110)4 Nov. 15 102 Mar. 18 Apr. Apr. 10754 Jan. 4 107,54 Jan. 28 10254 Mar. 70)4 Dec. 109 10854 10854 10554 106 18 6 Sale M S A O J J 99] 12 July 22 2 55 109 101 Jan. Dec. Mar. 25 554 Mar. 29 5 54 Mar. 30 109 Sale 12 12 Dec. 2 62 109 107 95] Jan. Dec. 31 10554 8754 79)4 71)4 1 Jan. 3 5 Dec. 7)4 Dec. 9 87 96 95)4 ~88~~ Dec Dec. 17 106 10554 106 10554 10554 105 10854 109 107)4 109)4 10754 Dec. 29 10954 Dec 10554 85 Jan. Feb. 65 9954 10054 96 51 8 72 8)4 Dec. 31 7)4 Dec. 31 Dec. 30 7 99)4 Dec. 55 Dec. 28 60 18 2254 July 25 1954 July 26 10)4 July 25 9 July 25 11 July 25 854 Jan. 8 554 Jan. 10 Dec. 22 7 109 10754 Dec. 10854 109 6 107 54 107)4 10754 Dec. 23 108)4 Dec. 76 2 Jan. 63 9 90 Sale Feb. 1854 22)4 1254 1154 11)4 7 54 41 8 4 13 Jan. 22 Mar. 1054 Dec. 15 1054 Dec. 15 554 Dec. 15 47 Sale Sale 57 Jan. P Mar. Mar. 48 56 54 42 54 ^ Dec. 6 Sale 4 8554 Jan. June Dec. 31 12 5 Jan. May 19 27)4 Dec. 31 27)4 Dec. 31 28 10 12 7 Feb. 15 112 3554 Jan. 17 Jan. 14 30 Jan. 15 36 3554 Jan. 17 34)4 Feb 14 8 13 54 Jan. Jan. 12 Jan. 13 18 1854 Jan. 13 754 Jan. Mar. 19 Nov. 10 15 354 Mar. 1554 8)4 754 74 Dec. 30 June 18 4354 3 Jan. 24)4 854 June 9 May 12)4 13)4 13)4 13)4 14)4 Dec. 30 22 108 9 1654 Dec. 31 1654 Dec. 31 Sale Dec. 28 Dec. 31 Dec. Dec. Dec. Dec. Dec. 1154 Sale 1054 Sale 1054 Sale 4454 Sale 9454 Sale 94 9654 9254 Sale 11254 M N A O J D J J 2254 Dec. 31 12 13 19~" Sale 60 75 95 Mar. Mar. May Mar. 15)4 Dec. 30 Sale 15 7154 94 3 Nov. Dec. 31 2654 Dec. 29 25)4 Dec. 30 Dec. 22 Dec. 7 Dec. 5 Dec. 5 37 "6054 109)4 Jan. June 854 754 5654 1554 111 2654 25 54 2754 2754 2754 65 5754 9954 100 3 3 75 554 Dec. 15 554 Dec. 30 70 Dec. 13 6254 Dec. 27 .. Sale Jan. 14 9 10454 10554 104)4 107 54 Sale 10554 10354 105)4 Sale 101 10154 Sale Sale 89 86 90 8S54 Sale Sale 89 88 8654 Sale 76 76)4 7854 7254 10 15 13 10)4 1154 Sale 108 108)4 10854 107)4 10954 11054 11154 11054 10054 100)4 10154 10054 108 105 16 8 4 Jan. June 85 28 1 8254 Dec. 24)4 Dec. 30 Dec. 22 7 5 109 68 31 9554 Dec. 28 1 1854 Dec. 10454 10554 107 107)4 10554 Sale 10254 Sale 108 Sale 93 1154 Dec. 23 1054 Dec. 28 70 9054 Sale "73 J M N M N M N Debenture 5a —Apr 15 1952 A O Debenture 5s Jan 15 1961 Columbia 5c Hock Val lat ext g 4a *48 A O Columbua 5c Toledo lat ext 4s...1955 F A —-i965 1,487,000' Columbus Ry Pow 5c Lt 4s 1951 4,070,000 Commercial Credit deb 3H® 2M* debentures 1942 3,792,000 1951 1,287,000 Commercial Invest Tr deb 3 H* Commonwealth Edison Co— 1st mtge g 4s series F .1981 3,166,000 1st mtge 354» series H 1965 1,236,000 1st mtge series I 1968 2,443,000 Conv deb 3H» 1958 9,295,000 107 H 10754 108 Sale 100 H MN M S 72 72 H D J Sale 4054 43 1554 Sale 1454 17 754 8 6 54 Sale 85s Sale 754 Sale 354 Sale 80)4 66 8 80 2254 63)4 92 H Sale M S 56 H 58 A O 11 34 H M N 103 H Sale Cine Gaa 5c Elec 1st mtge 3Ha—.1966 F A lat mtge 3 H« 1967 J D 10554 107 Cln Leb Ac N lac con gu g 4a 1942 M N 101H Terminal— 1st mtge g 5a series C guar——1957 M N 784,000 lat mtge guar 3H8 aerlea D...-1971 M N 974,000 Clearfield 5c Mahon lat gtd g 5a.-1943 J J 65,000 15,000 7,000 433,000 L4H - Cincinnati Union Sale Sale MN 1st mtge 8187)00 27 9 J 2 90 Sale 15 D ♦{♦Chicago Rya 1st 5a stamped Feb 1 1938 25% part paid 1927 131,000 1988 2,581,000 {♦Chic R I 5c Pacific gen g 4a ♦Certificates of deposit... 244,000 ♦♦Refunding gold 4a ...—1934 A O 4,263,000 ♦Certificates of depoalt 2,389,000 MS ♦♦Sec. gold 4 Hs aerlea A 1,761,000 1953 ♦Certificates of depoalt 701,000 M N ♦Convertible gold 4 H3 ——I960 2,435,000 1951 J D 68,000 Chic S L & N O gold 5a D Gold 3 Ha 11,000 ...June 15 1951 J D 21,000 Memphis Dlv lat 4s— 1951 J D Chic T H 5c S'eaat lot 5c ref 5a...I960 407,000 M 8 Income guar 5a —Doc 1 1960 834,000 Chicago Union Station—• Guaranteed 4s 358,000 1st mtge 4s series D 910.000 24 '1654 14 11154 Jan. 90)4 June 81)4 June 111 28 % Sale J June 95 6354 Sale J 85 2254 Dec. 31 5 Sale 8 Wl 14 Dec. 54 Dec. 28 98)4 Dec. 30 9 Sale 1354 Sale 14H Sale 1454 Sale 16 1454 15)4 Sale ♦Stpd gen 4Ha non-pay Inc tax 1987 ♦Gen 5a stpd non pay Inc tax. 1987 MN ♦General 4Ha stamped. 1987 MN 98 1 103 5 1054 454 94 3 54 MN 8 12 8 8054 24)4 6 10 9 Sept. Dec. Sale 2154 19 Jan. 26 54 Jan. 107 54 Jan. 10 1354 Dec. 13)4 Dec. 16 24 H 24 Jan. 16 121 11 1354 Dec. 31 90 14 23 54 22 29 106 97)4 Nov. 9 31 97)4 Nov. 9 31 Feb. 18 Feb. 18 106 8 Sale 15 111 10)4 Dec. 9654 Dec. 100 13)4 60 29 H 2054 39 H 28 H Sale 24 98 _____ 5 27 Dec. 24 104)4 Dec. 22 54 22 90 15)4 Sale 14 54 Sale 8254 Sale 20 54 Sale 8 54 Sept. Apr. Mar. Mar. Jan. 10154 Apr. 14 115 104 Oct. 14 10454 July 13 13 112 Dec. 10354 103 9654 Dec. 9854 Sale Sale 93 8854 Dec. 93 Dec. 9554 Sale 89 54 Sale 12 J Dec. 104 \ 213,000 {♦Chic Indtanap 5c Loulav rf g 4al947 J 74,000 ♦Refunding gold 5a aer B—.—1947 137,000 ♦Refunding 4a aerlea C 1947 J J M N ♦lat 5c general 5a aerlea A.. ,489,000 1966 J J ♦lat 5c gen 6a aerlea B 213,000 May 1966 J 59,000 Chic Indiana 5c Sou 50-yr 4a ...1956 D Chic L S 5c Eaat lat 4 H« 1969 36,000 J 2,006,000 {♦Chic Mil 5c St P gen g 4a aer A.1989 J ♦Gen g 3H« aerlea B 443,000 May 1 1989 J ♦Gen 4H« aerlea C May 1 1989 2,094,000 J ♦Gen g 4Ha aerlea E 974,000 May 1 1989 J ♦Gen 4H« aerlea F May 1 1989 355,000 A 15,671,000 {♦Chic Mil St PSc Pac mtgeia aerA1975 ♦Conv adj 5a Janl 3000 A O 16,917,000 1987 MN 1,035,000 {♦Chic & No Weat gen 3H» ♦General 4a 1987 MN 1,926,000 Dec. 103 Sale 85 112 1354 9754 Sale 1949 1958 30,000 ♦{♦Chic Ac E 111 lat cona g 4a 4,146,000 {♦Chic at E 111 Ry g 5a ♦Certificates of depoalt 698,000 101)4 11054 8554 85)4 10954 Sale Sale Sale Prices Sale Prices 2 7 5 1 1938 Highest 109 10954 mm 106 % 110)4 108)4 1949 2,944,000 Chic Burl 5c O 111 Dlv 3 Ha Slllnola Dlvlalon 4a.. 2,838,000 General 4a 4,584,000 lat 5t ref 4 Ha aerlea B 1,556,000 lat 5c ref 5a aerlea A 2,863,000 Sale Prices Dec. 30 10154 Dec. Dec. 2 11854 Dec. Dec. 13 9654 Dec. Dec. 13 9654 Dec. 106 105 11054 112 mm Sale Prices YEAR Loioest 10954 t:::10? mm mm Highest 101)4 10154 10154 Sale 118 11754 96 9554 9454 95 9554 Sale 115 1989 1989 g 4a gold 4a Sale 10654 108 10654 1940 1946 Potta Creek Br lat 4a Lowest Ask Ask Bid Bid Sale M N M RANGE FOR DECEMBER Dec. 31 Dec. 1 S ...1939 1993 5a cona g General Hold 4H« 1,598,000 6,000 1,827*,066 PRICES IN Price Is S 949,000 Chea & Ohio lat 1,563,000 2,049,000 23 EXCHANGES-BONDS N. Y. STOCK JAN., 1939] 109 Nov. 10 27 17 13 31 Feb. 9 July Jan. Jan. Mar. Dec. 19 May 13 Apr. 9 Apr. 4 10754 Aug. 10 Dec. 30 Apr. 16 108 Apr. 1 10854 Dec. 16 1 Apr. 5 10554 Dec. 24 N. Y. STOCK Sales for 12 BONDS Months STOCK 1938 410,000 5,278,000 232,000 255,000 201,000 301,000 206,000 3,684,000 371,000 1,036,000 2,111,000 2,639,000 Dayton Pr & Lt 1st & ref 3%s 1938 Bid J B J D J A J 49 % 46 D 40 D 37 A O 107 % Sale 51% Sale 106% Sale J J M N 1936 J 103 106 M N J Ask Bid M S Sale 99% 104 M Sale 104 Sale Ask YEAR 98 ' 108% 108 % 109 56 Sale 62% Sale 106 M 107 % 108% 54% 106% 102% 103 % Sale 101 Sale 107 107 106% 106% 106% 106 % 106% 106% 15% Sale 10% 14% 14% 10% Sale 6 3% 5% Sale 3% 9MI 10% 7% 9% 3% 20 % A 106 108 4% 40 7 Dec. Dec. 28 100 104% Dec. 105% Dec. 24 104% 104% 104% 104 % 104% Dec. 104% Dec. 16 Dec. 19 103us2Dec. 104% 103 "33" Sale 34% Sale 30% Dec. 27 34^ Dec. Sale Sale 38 35% Dec. 13 39% Dec. 6 44 Sale 44 45 M 43 Dec. 44% Dec. 22 36 436% 40 30% 32% Dec. 21 36% Dec. 13 3% 8% 7 Sale Prices 15 104% Dec. 1 Dec. 1 108% Dec. 30 109 Dec. 30 103 Sale Lowest Sale Prices Sale Sale 105 Highest 103 1132 Sale 5% 5M 8% .1978 AO J 104 % 10-M 107 % 107 % 12 % Sale 15 12% plan) J 104 % 106% 106 % 106% 12 % 12M 4 % 4% 8% A F Detroit Ed/son §8* 42 J 1951 ♦Ref 8c Imp mtge 5a aer B 104" 36% 38% J {♦Des Molnea 8c Ft D lat gu g 4a. .1935 Certificate* of deposit 307,000 6,000 {♦De* Plain** Val lat guar 4%e .1947 Bid Lowest Dec. 31 | 109 Sale 100 106 ♦♦Consol gold 4Ma ...1936 {♦Den* 8c R Gr West gen 5a AuAl955 F ♦Assented (subject to 88 M 103 M D 1969 Stamped as to Pa tax {•♦Den 8c Rio Gr lat cona g 4a 86 3 1986 1st mtge gold 4^s.. Denver Gas 8c EI 1st tic ref 5a Ask 103% 105 MN J 1971 J 1st & ref 4%s Dec. 1 D F .1943 M N Del & Hud lat & ref 4a Delaware Pr 8c Lt lat M 4^s RANGE FOR 1938 Jan. 3 "5 53 I960 PRICES IN DECEMBER Price fcf HO. EXCHANGE J 296,000 Container Corp of Am litif g 6s_1946 Deb gold 5a .1943 764,000 1948 72,000 Continental Oil conv deb 2Ms, Crane Co a f deb 3%* ...1951 827,000 ...1950 1,049,000 Crovm Cork & Seal a f 4a Crown Willamette Pap lat 4a—1951 436,000 1942 1,402,000 Cuba Northern Rya lat tHa 1952 1,074,000 Cuba RR lat 50-yr g 5a 7%a series A extended to.....1946 295,000 6a series B extended to.......1946 86,000 EXCHANGE—BONDS 107 Sale Sale Sale Sale Sale 4 104% 106 4% 3% 22 Dec. Dec. 10 109 Dec. 62% Dec. 107% Dec. Dec. 104 % Dec. Dec. Dec. 106% Dec. Dec. 106% Dec. 106% Dec. Dec. 15% Dec. Dec. Dec. 14% Dec. 6 Dec. Dec. Dec. 5% Dec. Dec. 10% Dec. 3% Dec. 5 Highest Sale Prices 98% Apr. 83 Sale Prices 2 105% Jan. Mar. 29 100 27 105% Feb. 31 15 106 21 102% Dec. 28 Oct. 105 3 105% Sept. 106% Dec. 14 31 Oct. 8% Mar. 30 9 29 18* 3% Sept. 3% Sept. 5% Mar. 30 30 3% Dec. 13 33 3 42 June Jan. Feb 1 Dec. 30 Nov. 18 Jan. 26 Aug. 19 Feb. 9 Feb. Feb. 8 7 Feb. 9 109% Aug. 15 62% Dec. 31 108% June 28 105 Aug. 16 108 Apr. 28 108% July 22 108% July 22 Mar. 1 13 Nov. 108% Dec. 30 109 99% Jan. 6 106 100 June 18 106% 102% Mar. 30 106% 29% Sept. 26 43 31% Mar. 31 54% 40 Oct. 26 58% 32% Dec. 21 52 Dec. 31 Feb. Feb. 15 17 7% Feb. 25 12 Aug. 25 7 24 4% Oct. 42 7 Feb. 24 — Gen & ret 1,043,000 112% 4H>>BrlesD 1961 Gen & ret mtge 4s series P.. 1,418,000 1965 A O 109M Gen & ref mtge 3%s series G..1966 M S 105 825,000 3 D 38 26,000 ♦Detroit Ac Mack 1st Han g 4a 1995 ♦Second gold 4a 38 22,000 1995 554,000 Detroit Term Ac Tunnel 1st gu 4^ a *61 108% 1951 J D 103 473,000 Dow Chemical deb 3s MfS 113% Sale 105% 112% 113 112% Sale 111 Sale 110% Sale 110% 110M 111% 70 43 53 45 30 32 20 ec. 29 112% Dec. 5 111% Dec. 30 111% Dec. 21 110% 110% D 55 55 112 59 110 Sale 93 M 95% 97% 99 M 95% Dec. 106 105% 106 106% 105% Dec. 96% Dec. 15 16 Dec. 7 111% Apr. 107 Apr. 103% Apr. 32 July 20 May 88 114% Aug. 23 112% Aug. 19 111% Dec. 21 50 Nov. 18 33 Mar, Jan. 2 12 106% Oct. June 24 109 102% Apr. DuluthMissabe & Iron Range A 98,000 485,000 144,000 12,000 2,867,000 74,000 298,000 J J Eastern RyM No Dlv 1st g 4a 1948 Eastern Tenn Va 8c Ga 1st g 5s ..1956 Ed El 111 Bkn lat con g 4s 1939 Ed El 111 N Y let cons g 5s 1995 Electric Auto Lite conv deb 4a... 1952 A O MN J J * J ™ A 1941 M N 1951 J E> RVgln Jol Ac East 1st g 5a HE1 Paso Nat Gas 4% s series A El Paso At S W 1st At ref 5s 1965 5a stamped 35,000 O J J Ry 3%s 517,000 1962 334,000 {•♦Dul So Shore 8c Atlantic g 5a. 1937 1,538,000 Duquesne Light 1st M 3%s ...1965 Me 10,801,000 13,754,000 359,000 270,000 ■ 65,£00 ♦Gen conv 102 89 % 95% 103% 106 % 131% 98 % Sale 109 103 103 % ♦♦3d mtge 1955 J 1957 J 78 95% 60% 18 J J 105 Sale Sale M 5s stamped t f 8 M 8 8 lat lien a f 4s stamped........ 1942 413,000 30-year deb 4a series B........1954 50,000 292,000 HFIat deb a f 7a ........1946 1943 12,000 {♦Fin Cent Ac Peninsular 5a 309,000 {♦Fla East Coaat 1st 4 Ms 1959 ♦lat Ac ref 5a ser A 1974 5,084,000 ♦Certificates of deposit 1,062,000 D J Jan. 23 21 28 111 4,000 Oct. 7 18 102% Dec. Dec. 100 134% 107% 106% 105% Dec. Dec. Dec. Dec. 94% Mar. 31 109% Nov. 16 105% Dec. 21 109% Mar. 2 1 106 Oct. 8 102% Feb 105 50 Dec. 101 Sale 22 Sale 21% Sale 15% 23% 15% 23 12% Sale 12% Sale 45 49 % 45 Jan. 10 Jan. l0 Dec. 15 95% Sale .22 Mar. 10 75 68 98% Oct. 26 108 68% June 16 90% Dec. 6 103% 131% Jan. 26 134% 84% Dec. 8 36% Dec. 8 17% Dec. 15% Dec. 21 43% Dec. 27 16 Dec. 21 21 Dec. 19 Dec. 27 19 Dec. 27 Dec. 30 15 10% Dec. 6 13% Sale 11 5 43 Sale 39% Dec. 28 14% Dec. 31 14% Dec. 31 47 Dec. 8 39 43 43% Dec. 27 Jan. l°sHJan. 10% Sept. Sept. Sale 40% 85 May 10 103% Sept. 1 Mar. 21% Dec. 31 22 14 Dec. 103 Apr. 100% Apr. 33H Mar. Dec. 30 12* 51 June 23 9% Mar. 43 «§* Nov. J an. 42% Jan. Mar. 105 May 33* Sept. Jan. 3 3 3 6 1 3 3 3 85 Jan.. 6 101% Jan. 13 June 94 Jan. 36% Jan. 50 62 101% 102 95% 97 ~95% "98" 99 60 94% 101 86 95% 80 Dec. 81% 77% 76% Dec. 17 80 104% 105 103% 104% 103% Dec. 29 105% Dec. 100 Dec. Sale 1 101 100 Dec. 100% 93% 99% Sale 101% Sale 60 J D 57% M S 6 % 6 38 60 Sale 63 Sale 98 99 95 Dec. 5 98 1 101% 100% 101% 99% Dec. 1 102% 102 103% 101% Dec. 93 98 93 87 Dec. 23 87% 90 8 lOS1!* 105M» 105 % 10421sj105% 105^2 Dec. 38 Sale 8% 8% Sale 9 ' 9% 9% Dec. Dec. Dec. 60% Dec. 22 Dec. 21 8 Sale Sale 7% Dec. 20 63 Dec. Mar. 85 Mar. 106 Nov. 10 Oct. 28 Apr. 101 Nov. 2 Dec. 5 75 Dec. Dec. June 98 9 101% Dec. 102% Dec. 27 Apr. Apr. Mar. 93 MN 17 Ml *1 1 2% 1% Dec. 11% 2% 1% 17 M 27 1 105% Nov. 21 Mar. 64% July 6 10% Nov. 12 10% Nov. 12 49 9% Dec. 31 9% Dec. 31 Dec. 27 2% June 45 3% Mar. 3% Mar. 3 Nov. 21 93% Apr. 35% June 55 65 63 59 97 89% 91% 89% 89% ♦{♦Fonda Johns At Glov ref 4M8.1952 Proof of claim filed by owner Jan. 100 Dec. 134% 138% 134% Dec. 106% Dec. 105% 106% 105% Dec. Sale 23 40 8 1942 Dec. 106 102% Dec. 81% Dec. 90 43 4Me.............1938 192,000 Federal Lt Ac Tr lat a f 5a... 1942 5s International series......1942 23,000 12 110% Dec. 24 12 102 It4 Sale 105% Dec. 28 16% Dec. 31 100% Sept. 14 105% Nov. 29 Dec. 109% Dec. 104% Dec. 102 1947 MN M S F A ftrvesto Breda Co 1st mtge It 1954 1,309,000 Fairbanks Morse deb 4a.........1956 J D First lieu 50 50 Sale 42% 84% 105% 102 102 Sale 319'. 000 '322.000 Sale 107 56 ...1975 a f 4a ♦N Y Ac Erie RR ext 1st 4e 107 ioly8 20 % Sale 83% 134 % 41 43 Sale Sale Sale 100 51 O 105% 16% 110% 102% 105 80% 53 A Sale 100 70% Sale 1953 A 1927 ..1967 M N ♦Genesee RIv RR 1st Sale 96 % 98 4a Series D.._„ ♦Ref A lmpt gold 5a ser ♦Ref Ac Imp 5s ser 1930 ♦Erie At Jersey 1st e f 4s 15 110 103% 104 Series C 3Me 34,000 1940 1,826,000 {♦Erie RR 1st con Ac prior lien 4sl996 ♦1st conaol gen ilen 4a.. 5,153,000 1996 ♦Conv 6 4s Ser A 1,611,000 1953 ♦Series B 1,119,000 1953 81,000 107 % , B.1940 aer 106 16 109 % A 1965 Erie Ac Plttab gen gu g 3 105 2,1% Sale 107% Sale 8 3 Nov. 7 Dec. 27 •♦(Amended) 1st cona 2-4a 1982 MN Proof of claim filed by owner.. 283,000 ♦Certificates of deposit 102,000 9,000 Fort St U D Co 1st g 4 Ms 1941 210,000 Francisco Sugar coll trust 6s....1956 2,000 534,000 997,000 282,000 106,000 324,000 2,531,000 ♦Debenture 4M> 1948 at 102 97,000 ♦Good Hop* Steal Ac Iron sec 564,006 1,004,000 2,818,000 1,591,000 640,000 780,000 2,088,000 7,966,000 3,720,000 1,556,000 12,000 322,000 3,000 24,000 239,000 7,000 9,000 303,000 1,760,000 461,000 R Ac I 50 ..... 19 % 18 7s.1945 Gouv Ac Oawegatchte 1st 5a 82,000 Grand ex 1st gu g 1942 4MS-...1941 48 Sale 96 6% to July 1 1934 3,267,000 Goodrich (B F) Co conv deb 6a_.!945 1st mtge 4%« 1956 2,533,000 4,480,000 HGoodyear Tire Ac Rubber lat 5a_1957 Gotham Silk Hosiery deb 5s w w.1946 275,000 42 38% 102% Sale 15-year debenture 3%s 1951 325,000 General Public Service deb 5%s_1939 2,963,000 Gen Steel Castings lat 5Ms w w.,1949 Oct. 1945 209,000 {♦Ga Ac Ala 1st con* 5s •{♦Georgia Carolina Ac NorthernExtended 117% 118 100% Sale 97 99% 38% 43% D MN General Motors Acceptance Corp— 10-year debenture 3s 1946 2,277,000 55,000 104 60 M N 1945 1940 ♦S f deb g 4a 2% 1 j J D Gaa Ac Elec (Bergen Go) 5s 1949 Gen Amer Investors deb 5a ser A.1952 F A J J General Cable 1st s f g 5Ms A 1947 J ♦General Elec (Germany) 7a 1% 1 J D J D M N M J J Grays Point Teem lat gu g 5a ...1947 F Gt Cons El Pow (Japan) 7a ...1944 1st Ac gen s f g 6 Ms 1950 Great Northern Ry— J D 53% 40% 1 Dec. 100 102 Dec. 37% Dec. Sale 106% 106% 101% Sale Sale Sale Sale 15 Sale 37 Sale 100 99% Sale 105% Dec. 16 106% 1 106% 106% Dec. 101 Dec. 12 101% 63 13 57% Dec. 106% 106% Sale Sale 101 Sale 63 15 Sale 15% 41% 21% Sale 14 17 87% 25 85 103% Dec. 1 16 15 Dec. 1 17 37% Dec. 15 42 99% Dec. 100% Sale 99 % Sale 1029u Sale 85% 84 86% 25 70 1st At refund 4Ms Ser A Gen mtge 5Ms Ser B 1961 111** Sale 1952 104 Sale 99% 93% Gen mtge 5s Ser C.. Gen 4M* Series D....... 1973 98 Sale 85 1976 88 % Sale 80 1® 9vlH ♦Income debenture ctfa B Feb 50 8 Greenbrier Ry lat gu g 4a Gulf Mob Ac Nor 1st 5Ms sat B 1st mtge gold 5a aeriea C... MN Sale 82 Sale Sale 101% 95% 96% 88 87% 82% 83% 95% 84% Sale Sale 60 72% 63 Sale 85 Sale Sale 74 76% 54% 60 7% 8% Dec. Dec. Dec. Gulf Ac Ship Island ref 5a Stamped ..... 1940 A 1950 O 82" 1950 60 60 % 84 Feb 1952 1961 Gul. States Utilities 4s series C..1966 10-year debenture 4Ms._... 1952 65,000 HHackenaack Water lat 4a 30,000 ♦Harpen Mining 6s_.*..........1949 J 1999 432,000 Hock Val lat con g 4M« A 333,000 Hoe (R) Ac Go lat mtge..........1944 MN 92,000 {•♦Houaatonlc RR con g 5a.....1937 For footnotes, see page 30. 1 Oct. 82 98% 86% 74% 54% 7% Mar. 89 Apr. 37% May 13% Sept. 13 4 Apr. 4 25 25% Jan. 36 Sale 61 46 75 93 13 42 «' 116 %I118 Nov. 4 Nov. 10 Dec. 8 Nov. 23 Nov. 14 Feb. 1 Jan. 12 Dec. 28 6 103% Dec. 15 102 99 Dec. 1 lOl'MtDec. 22 102»*t Dec. 84 Dec. 8 86% Dec. 19 103% Dec. 79%~Dec."~3 72% Dec. 30 July 18 106% Jan. 70 Sale 97% 91% 83% 83% 101% 96% 88% 83% 99% 92% 85% 81% Dec. Dec. Dec. Dec. 80% Dec. 83 93 Sale 82 Sale 71% Dec. Aug." 10 83 Nov. 5 Aug. 10 83% Nov. 3 Dec. Dec. Dec. Dec. Dec. 80 June 64 June 68 74 June 8 Dec. 11 5 89% Jan. 103% Jan. 10 Jan. 10 95 Mar. 2 82 Jan. 25 60 June 13 June 53 7% Dec. 19 70 79% . 37% 116% Sale Sale 67% Sale 67 Sale 27 Sale 35 Sale 3 10 104 69% June 60 Oct. 10 6% Nov. 103% Aug. Jan. Dec. 8 73 Dec. 55 Apr. 81 Jan. 66 Dec. 21 70 Dec. 55 Mar. 82 Jan. Dec. 29 95 Dec. Dec. 1 2 1 Aug. 22 July 27 95% Aug. 26 108% Nov. 12 1 106% Dec. 76 Apr. 99% Apr. 100% Apr. 106 27 Dec. 31 109 Mar. 25 40 108 Apr. 52 14 119% Jan. Mar. 30 81 July Dec. 31 24 Dec. Dec. 8 35 20 3 93 93 Nov. 106 * Dec. 31 1061« Dec. 28 40 »Dec. 16 40 1 Dec. 16 115% Dec. 21 116%fDec. 27 65%lDec. 17 67%jDec. 12 24 12 103% Aug. 26 73 93 3 Jan. 99% Jan. 90% Jan. June 67 60 Sale 111% Jan. 94% Sept. 98% Dec. 86% Dec. 74% Dec. Dec. Dec. Sale 100 Sale 19 60% 49 "74"" 107% 107% 106% Dec. 12 108 105% Dec. 21 106% Dec. 105% 106 106% 107 % 18 6 78% Apr. 1 100% Dec. 27 84 Mar. 31 100 Nov. 30 101% Mar. 30 106 % June 6 74% Mar. 30 94% July 27 50 70 Sale 60 31 106% 31 106% 7 102% 27 71% 24 21 90% Jan. 67% 73 1063 10 Jan. 75 79% 95 Sept. 39 101 Dec. 13 Dec. 28 'Oct. 39 39 8 1 10 121 Mar. 30 105 101% Mar Dec. 1 Dec. 15 7 6 Mar. 30 104% Oct. 31 61 % Nov. 12 Mar. 24 62 Dec. 17 Mar. 28 50 107 J 51M 85 91 Sale 118 % 100 90 Sale 100 Sale Sale 103 1946 34 June 27 103% Jan. 17 June 22 53% Dec. 1 72 101% Sale .........1952 Gulf States St'l lat mtge 4 Ms 2 Oct. 1 105 9% % Apr. 29 97 85 103% 104 "79% 2% July 2 100% Dec. 27 Dec. 5 9 100 80 77% % Dec. 28 121 6 Dec. 105 104% l06~~ 104% Dec. 19 105 2 Dec. 12 103% Dec. 103% 102% 102% 102 7 56 Dec. 1 57 59 59% Dec. Sale 62 Dec. 17 1 57 65 Sale 56% Dec. 7 1 59% Dec. 54% Dec. 54% Sale 58% Sale 14 73 Dec. 10 Dec. 6 Dec. 14 Dec. 1 122 121% 25 104% % 99 1% 1 % 8 1 101% 28 53% 104% 102% 56% 56% Sale 30 100% 71% Gen 4M« series E—..........1977 J J Gen mtge 4s aeries G ...1946 J Gen mtge 4a series H...... 1946 J Gen mtge 3Ms series I 1967 Feb ♦Green Bay Ac West deb ctfa A Sale Sale 87 D Sale 63 91% Sale 94 % Sale 103% Sale 8 100 % Dec, 28 8 July 25 Nov. 12 14 18 38% Feb. 17 . ^ Sales for 12 II BONDS Months 1938 N. 7. STOCK EXCHANGE & M N 108 120 689",666 1,461.000 45,000 2.127,000 490,000 7,682,000 8,000 11,000 43,000 1,000 • 2,000 48,000 Hudson A Manhat 1st A ret 5s A.1957 F ♦ Illinois Bell Telep 3%8 >er B Illinois Central 1st g 4s... 62 % Sale 12hh 1951 98 93 93 1951 M 8 Collateral trust gold 4s.......1952 A O ..1955 MN Refunding 4s J 1952 1953 MN Refunding 5s 1956 MN ..19M FA ltM Cairo Bridge gold 4s Litchfield Dl? 1st g 3s Louis? Dl? A Tor g 3JJi 55 35V* "45"" Sale 65 ...1951 "60"~ 80 Western Lines 1st g 4s Sale "50"" 55 75 90 5 1 86 V* Dec. 31 1 79 V* Dec. 1 • ' 60V* Dec. 27 62 Dec. 27 54 Dec. 27 "58"" Sale 66 V* 53 V* Sale 47V* Dec. 47 V* Dec. 57 V* Dec. #ale Sale Sale 43 Dec. 84 Dec. 20 90 Joint 1st Ac ref 5s 1,684,060 4%s series 936,600 Illinois Steel ser 44 ....... 1963 87,000]£H£eder Steel Coip 6s 63 Sale 48 , 105 V* T 1st At ref 5s.....1966 J ♦Certificates of deposit..... 8,619,666 Jlnterboro R J 12% 58 Sale 4,080,006 1932 O 16 V* 3,818,000 1932 MS 46 V* 49 V* 72 .1947 AO 63 11 109 V* 107 V* Sale 63 Sale 58 V* 65 V* 65 89 37% "Mar ."30 34 V* Apr. 1 44V* July 27 31 May 27 39 Apr. 2 Corp 1st At coll ctf 5s— Stamped extended to 1942 M N 17 Sale 67 V* 66 V* Sale 589,000 448,000 * 1956 ♦1st gold 5s series C Sale 28 17 1956 1944 4,626,000 Internet Hydro El deb 6s ...11941 1,185,000 Int Merc Marine 1st s f 6s 1,584,000 Intern Paper con? 5s series A...1947 Refunding 6s series A ..1955 1,978,000 1972 119,000 Int Rys of Cent Amer 1st 5s B First lien At ref 6%* 1947 237,000 6,710,000 Internet T At T deb g 4Hi 1952 Conrertlble debenture 4Vis 1939 18,933,000 Deb gold 5s 1955 8,939,000 17 V* 68 V* 42 Sale 53 V* 3 V* F J J J J F A 27 Mar. 29 78 Mar. 29 84 May July 11 23 11 1 June Jan. 21 45 Dec. 22 45 Dec. 22 45 Dec. 22 45 Dec. 22 53 Nov. 85 55 Dec. 1 56V* Dec. 28 52 June 21 60 Dec. 9 60 50 July 6 60V* 49V* Dec. 5 46 Dec. 54V* 104V* Dec. 22 105 V* 37 Dec. 13 40V* 55 V* 2 Nov. 2' 53 56 V* Dec. 28 Dec. 9 Dec. 31 Dec. 27 2 Dec. Dec. 30 Jan. 4 29 Mar. 31 '60% Dec. 55V* Dec. 28 Mar. 30 104V* Dec. 22 107% Feb. 27 Sept. 30 40% Dec. 31 30 24 30 28 75 63 Dec. 24 64 Dec. 63 Dec. 24 90 Feb. 21 10 69 V* 20 Dec. 15 D^c. 10 Dec. 28 18 May 9 96 93 Apr. 28 37 V* 66 V* 64 V* 89 V* 93 92 V* Dec. 21 94 107V* Dec. 28 109V* 60 Dec. 23 68V* 58V* Dec. 28 67 V* Dec. 21 "39 V* 37 45V* Sale 63 V* Dec. 22 67V* 9 64 V* 63 V* Dec. 66V* Sale 90V* 88V* Dec. 13 108 V* Sale 102 Dec. 94 25 Dec. 15 101% Apr. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 110 71 Nov. 17 19 V* 19 V* Sale 10 Mar. Mar. Nov. 17 45% Dec. HI 69% Nov. 18 40 Mar. 68 65 17 Sale 75V* 52 V* Sale 56 Sale 19 102V* Dec. 20% 4% 19V* 19V* 75V* Dec. 31 Dec. 1 Dec. 84 Dec. 8 96 V* 85 Sale Dec. Dec. 99V* Dec. 29 Dec. 93 Dec. 83 16 V* Sale 3 55 Dec. 97 Sale Sale 86 Sale 99 V* 92 V* 80 V* 86 83 Sale 82 85 82 95 84 87 88 V* 91V* 86 V* Dec. 64 Dec. 99V* Dec. 70 V* Sale 57 V* 89 Sale 64 V* Sale 67 Sale Sale 100 V* Sale 61 Sale 68 V* Sale 99 V* 68 V* 100 V* Sale 67 Dec. Apr 92% Nov. 12 8 100 Dec. 30 Dec. 14 3.1 12 Dec. 23 Nov. 17 19 102% Aug. 13 10 21 Oct. 8 Oct. 10 20 June Oct. 6 20 Nov. 12 Aug. 24 Nov. 12 58 99% Dec. 29 48% Mar. 31 4 35 V* May 80V* Apr. §0% Mar. 93 Dec. Mar. 85 Nov. 15 May 39V* Mar. 74 Apr. 42V* Mar. 94 Jan. Dec. 1 54 77 Dec. 19 75 67 V* Dec. 19 100 V* Dec. Jan. 68 11V* Sept. 2 V* Apr. 11 Vi Sept. Dec. Nov. 23 40 15V* Dec. 15V* Dec. 72 V* Dec. 24 V* Sale 75 V* 52 V* Sale 17 Sale 100% Jan. 42 V* Mar. 42 V* Mar. 52 20 V* 4 Sale Sale A 27 Dec. 72 86 V* 70 M N Dec. 63 102 V* 102 V* Sale 5% 16V* 1952 1,963,000 tHnternat Gt Nor 1st 6s A ♦Adj mtge 6s series A.July 1 1952 1,662,000 ♦1st mtge gold 5s series B 100 X 100 V* Nov. 14 54 58 V* Dec. 30 66 V* Nov. 14 53 V* Dec. 31 Int Agrl 205,000 61 62 96 70 108 V* 68 V* Sale A 12 1 8 99 V* Sale 55 Sale ♦♦19-year 4% notes ♦♦19-year 7% notes. 630,006 ♦Certificates of deposit.. 1,508,000 Interlake Iron con? deb 4s J7 79% Dec. June Sale 20 66 V* 45 V* Jan. 93 V* Jan. 98 47 Sale 99V* Sale 1 79V* Oct. 28 77V* Apr. 19 14 60 V* 52 91 104 V* 49 Feb. Dec. 104 V* Sale Sale 106 12V* 100 V* 82 95 59 96V* Sale 24 V* July 14 4 112 V* Dec. 27 11V* Mar. 31 106 V* Apr. 63 66V* Dec. 76~~ 76 Sale 96 1940 5 5 Sale 45 V* 1948 Ind Bloomtngton A W 1st 4s 11,000 Ind 111 At la 1st gold 4s 1950 26,060 $+Indianapol & Louis? 1st gu 4sl956 Indianapolis Union Ry— 28,000 Ref Ac lmpt mtge 3% • ter B....1986 M 8 J 12,006 Industrial Rayon 4%s ...1948 J 1,518,000 Inland Steel 3%« series D ...1961 F A 329,000 Sale al06% ..1940 52 V* Sale 39 1963 A__ C deben 4J(s_... Aug. 4 103 65 63 111 Cent A Chic St L A N O— 5,343,000 99V* Jan. 39 V* Nov. 26 13 Mar. 4 5 118 V* Apr. 12 123% Dec. 61% July 26 40 Mar. 31 61 58V* Dec. 30 Dec. 31 Dec. 29 66 V* 53 V* 83 V* Dec. 20 84 70 80 53 V* Dec. 51 Dec. 54 V* 55 75 1951 1951 1951 Sale 61V* 90 80 St Lou Dl? & Term g 3s Gold 3%« "59"" 84 67 80 1 Dec. Dec. 82 Sale Prices 75 Sale $ 60 Sale .....1951 Omaha Di? 1st g 3s 49V* Sale V* 79V* Dec. Sale 83 47 V* 103 % 82 1951 ...1953 53 62% "44" V* 9 Dec. 38 14 123 Dec. 1 41V* Dec. 22 46 Dec. 15 13 1 11V* Dec. 2 112 V* Dec.. 27 V* 111V* Dec. Sale "54"" Sale 45 Dec. Sale 112 "75~" Sale 47 % 86 31V* Dec. 19 123 V* Dec. 1 102 Dec. 101 Sale Highest Sale Prices Sale Prices 83 80 99 "54"" 43 V* 13 112 Sale 93 J Purchased lines 1st 3%s Coll tr g 4s YEAR 1938 Lowest Highest Sale Prices Sale 33 123 V* Sale 79 V* 99 1951 40-year 4%s 82 103 .1951 1st gold 3%« Extended 1st g 1st gold 3s sterling Lowest 101V* 102 101V* Sale 27 V* Sale 122 V* 124 45 V* Sale 11V* Sale 111V* Sale 31 Ask Ask Bid Bid Ask 18** Sale 107% 108 V* 1970 Sprlngf Dl? 1st g 3%i 28.666 A Feb 1957 Adjust Income 5s 30% Dec. Dec. 1 1938 Hudson Coal 1st s f 5s series A..19(2 J D Hudson County Gas 1st 5s......1949 MN 747,000 Houston Oil sink fund 5Hi A...1940 RANGE FOR IN DECEMBER PRICES Price Jan. 3 Bid 4,264,000 123,000 3,157,000 5,409,000 1,084,000 33,000 8,000 9,000 Z5 SfcOCK EXCHANGE—BONDS N. Y. JAN., 1939] Dec. 1 23 7 6 74% Oct. 100% Aug. 1 Oct. 7-8 Dec. 15 1 5 40 Dec. 7 88 July Dec. Dec. Dec. Dec. Dec. Dec. Dec. 12 78 June 31 20% June 16% Apr. 40% Nov. 12 June July 25 July 19 4 108% Jan. 106% Feb. 28 tlowa Central Ry— 567,000 1951 M ♦1st At ref 4s S £ 79 167,000 James Franklin Ar Clearf 1st 4s..I*>69 1.653,000 Jones Ac Laugblin St'l 1st M 4%s_1961 J M 8 97 16,000 Kanawha Ac Mich tst gu g 4sCl__. 1990 1936 1,321,000 t**K C Ft S Ac M ref g 4s ♦Ctfs of dep (Bankers Trust) 594,000 1950 1,446.000 Kan City South 1st g 3s A O 91 A O 27 A O Ref Ac Imp 5s AprU1950 1960 2,932,000 Kan City Term 1st 4s 937,000 Kansas Gas Ac El ist mtge 4HS..1980 1943 52,000 ♦Karstadt (R) Inc 1st Mtge 6s J J J J J D 2,106,000 D 25 M N ♦Ctfs w w stpd (par $645) 1943 134,000 ♦Ctfs w w stpd (par $925) 1943 MN 36,000 ♦With warrants (par $92.r)..__1943 5,000 231,000 Keith Corp (B F) 1st ser g 6s....1946 41,000 Kentucky Central 1st gu 4s.....1987 Kentucky Ac Ind Term 1st 4Vi«--1961 _2",666 Stamped.. Purchase money 6s 1st At 197,000 25,000 ♦5s Uniform 58 51V* 96 95 V* 77 V* 33 80- 78 30 68 71 V* 107 105 V* 35 Sale "25 ~ Sale 93 V* 102 Dec. 23 95 Dec. 14 96 79 78 Dec. 12 30V* Dec. 9 Sale Sale 68 V* Sale 35 J* 17 75 104V* 1954 1947 F A 98 101 10 78V* 35V* 35V* 71V* 68V* 108V* 105V* 37 30 29 3 30 1 Dec. 15 21% Dec. 2 27 8 " 104 92 V* Dec. 92 Dec. 104 95 105 V* Dec. Dec. 94V* Dec. 105 Dec. 6 29 92 V* 82 82 1% Sept. 14 60 44% 103% 103% 35% 14% June 16 90 60 92 50 163 165 Feb. 24 90 Nov. 14 ?SH May Feb. 16 Dec. 41 Jan. 2 21% Dec. 27% Nov. 17 27% Aug. 11 Oct. Jan. 80 Apr. Nov. 14 95 108% Jan. 99% June Aug. 13 Mar. 21 72 95 3 Aug. 13 Mar. 21 92 165 5% Nov. 78% Jan. 1 98% Jan. 12 36 Mar. 19 72 95 90 50 14 Mar. 27 27 25 95 156 83 V* 108 Dec. 7 68V* Dec. 8 64 V* Dec. 3 106 V* Dec. 7 104V* Dec. 35 V* Dec. 31 20V* Dec. 37 50 i5iv* 29 23 23 37 25 "85V* 50 3V* Dec. 12 108J* Sale 104 V* 105 35 V* Sale Sale 17 Sale Sale 4V* Dec. 55V* Dec. 70 V* 33 70 V* 63 Sale 35 V* 34 V* Sale 80 1954 3 Vis collateral trust notes 4 95 26 27 82 V* 108 V* Sale 55 V* 98 .1949 ref 6 Vi* tKreuger Ac Toll class 931,000 735,000 1,735,000 546,000 23 107 V* 28,000 Kinney (G R) 5 Vis extended to--1941 1951 MN 2,111,000 Koppers Co 4s series A J 1,043,000 Kresge Foundation coll trust 48.1945 J 710,000 70 105V* 105V* 47 V* 37 14V* 16% 1961 1997 299,000 Kings Co Elerated 1st g 4s 149,000 Kings Co Lighting 1st ref 5s 123,000 Sale 1961 1 4% 8 unguaranteed Kings County Elec Lt Ac Pow— 37,000 34 62 58 V* 108 V* 108 V* 1961 Plain 1,000 69 V* Sale 4 84 97 V* 104 96 101V* 85 V* 98 V* 105 V* 102 98 V* 96 Sale 100 J* 100V* 101 98 V* 99 85V* 86V* 103 V* 100 28 V* 88 77 V* Sale 80 V* 48 Sale 45 Sale 43 V* 104 100 V* 102 V* 100 V* Dec. 150 98 V* 104 84 Dec. Dec. 71 88 Dec. 165 Dec. 105 Dec. 19 102 Dec. 103V* Dec. 98 Dec. 102% Dec. 28 104% Dec. 9 100% Dec. 100 Dec. 103 100 V* Dec. 6 Jan. 6 100% 106% 99% 103% 104% 100% Sept. 95 Apr. 95 Aug. 96% Sept, 95% Apr. 98 V* Sale 6 Dec. 84 Jan. 98V* 165 Apr. 82V* Dec. 98 160 80 V* 98"" 85V* Apr. Nov. Oct. 2 18 May 6 Dec. 8 Nov. 16 A ctfs of deposit._.1959 28 Laclede Cas Lt ref ext 5s. 1939 85 Coll Ac ref 5 Vis series C Col Ac ref g 5 Vis ser D 1953 57 Sale 57 V* Sale 53V* 62 1960 .1942 49V* Collateral trust 6s series B....1942 49 V* Coll tr 6s series A 14 V* 48 V* 15 13 V* 14V* 13% Dec. 24 80 69% Dec. 42% Dec. 12 40% Dec. 12 V* Sale 46 10 8 14% Dec. 80% Dec. 30 1 49% Dec. 1 48% Dec. 40% Dec. 12 11% Sept. 27 69% Dec. 10 42% Dec. 12 31% Jan. 90% Jan. 61% Jan. 60 Jan. 25 12 13 12 43 46 V* 42.V* 45 38 Dec. 10 49 Dec. 16 38 Dec. 10 46 40 46 42 Dec. 7 45 Dec. 16 42 Dec. 7 53% Jan. 49% July 17 43 60 Dec. 31 31 90% Jan. 61 4 13 19 Lake Erie Ac Western RR— 58 1937 extended at 3% to 17,000 2d gold 5s— 15,000 1,027,000 Lake Shore Ac Mich Sou g 3Vis - 75 60 Sale 60 58 88 62 88 61 Dec. 29 87 V* 90 86 86 Dec. 29 V* 55 Sale 25 Dec. 28 70V* 30 V* 73 65 80 49 59 V* 54 94 95 84 V* 86 V* 91 ..1947 95 V* 1941 1997 J D 102 95 99 V* Sale 50 Dec. 31 15 60 Dec. Dec. 29 55 88% Dec. 2 78 Oct. 25 95% Jan. Jan. June 22 102 29V* Dec. 1 24% Mar*. 58 Dec. 7 48 Apr. 54 Dec. 3 48 Mar. 71 85% Doc. 34% Dec. 3 78% Aug. 95 3 Lautaro Nitrate Co Ltd— 2,415,000 ^ 464,000 274,000 131,000 46,000 214,000 86,000 150,000 145,000 123,000 208,000 332,000 29,000 7,010,000 564,000 2,645,000 29 V* ♦1st mtge income reg—Dec 31 9175 Lehigh Coal Ac Na? 4 Via ser A...1954 Cons sink fund 4V4a ser C Lehigh/& New Eng RR 4s A A O Lehigh Valley Coal 5s 1945 M S .....1944 F A 1st A refunding 5s Lehigh ANY 1st gu g is 62V* Sale 39V* 1954 66 V* 31 1st A refunding 5s 1964 31 Sale 88% 33 % 27 V* First A ref sinking fund 5s 1974 22 35 27 V* Leh Vail Harbor Term 1st 5s 1954 F 62 Sale Leh V (N Y) 1st gu g 4 Via 1940 J 40 78 V* Sec 6% notes extend to 1943 4Vis assented Leh Va! (Pa) gen con g 4a 4s assented... Gen cons 4 Via 4%s assented.. 437,000 Gen con sol 5s 1,512,000 5s assented ; 213,000 85,000 Leh Vail Ter Ry 1st gu g 5s 58 assented 2,000 126,000 Lex A East 1st gu 5a 538,000 Liggett Ac Myers Tobacco 7s 640,000 1954 1965 5s 52 V* 1940 2003 M N 29 V* Sale 21V* 20 V* 31V* Sale" 21 38V* Sale' 2003 M N 2003 M 2003 N N 2003 M N A O 1941 A O 1941 ..1944 A O ...1951 F A ...1952 293,000 Lombard EleC 7s series A .1950 27,000 ♦Long Dock Co 3 Vis ext to ...1949 M 63,000 Long Island unified 4s Guar ref gold 4a ..1949 741,000 4s stamped 1949 317',000 1944 452,000 LorUlard (P) Co deb 7« 5s 1951 253,000 2,062,000 Louisiana A Ark 1st 5s series A—1969 For footnotes, see page 30. ... 84V* 124"" 130 V* 132 124 Sale 104 V* 107 V* 106 Sale 99"" 101 83 V* 85 V* 64 June Dec, 2 66 Jan. Dec. 14 45 Dec. 5 18% Dec. 28 25 25% Dec. 16 76 Dec. 9 May 10 40% Dec. 13 45 V* Dec, 28 5 Dec. 6 Dec. 2 Dec. Dec. 27 5 Dec. 85 44 27V* 27% 78V* 43% 52% 26% Mar. 18% Apr. 19% May 72 July 45 Sale 30 34 June 62 Jan. Apr. 57% Nov. 25 48 Dec. 30 45 Dec. 34 48 V* 46 V* 58 102 56 V* 102 V* 60 45 Sale 18 Dec. 23 Dec. 22 Dec. 21 19 Dec. 23 19 V* 20 18% Dec. 23 23 V* 20 Sale 66 Sale 50 17 V* 18 V* 55 V* Sale V* 20 V* 19 V* 19 17 24 V* 27 22 V* 66 19 Dec. 21 19 Dec. 55% Dec. 22 75 21 -- 21% Dec. 21% Dec. 1 Dec. 14 22 21% 24% 23% 55% 1 9 Dec. 7 Dec. 2 Dec. 'Dec. 22 114 129% 127% 108% 3 129% Dec. 22 Sale 128% Dec. 9 127% Dec. 30 128% 125 V* Dec. 108 Dec. 23 109% Dec. 12 Sale 112 Dec. It* 13 15% Mar. Oct. Mar. Oct. 16% Sept. 16% Sept. 9 112 Dec. 9 45 June 70 -4. 111% Sale 95 54 Sale 51% Dec. 61% Dec. 75 86 82 Sale 80 87 82 V* 82 V* Sale 81V* 64 91% 83 V* 81 90 86 V* 90 127 129 127 V* 128 122 121V* 122 V* Sale 81V* Sale Dec. 98% 60 120 72 27 93 Jan. 12 39% Jan. 10 40 11 Jan. '48 3 Dec. July 32 30 25 25 Nov. 10 33 % July 40 Jan. 25 25% Nov. 12 27 . 12 Nov. 12 69% Nov. 22 Nov. 22 Nov. 70 1053* June 118 Jan. 4 128 131 Jan. 5 Sept. 21 7 127% Dec. 30 Mar. 31 112% Aug. 10 121% Apr. 99 110% 96^ 84 13 5 37" 108 V* 12 42% July 26 2 99% Aug. 30 56 V* Sale Oct. 18 Oct. 19 Jan. 74 V* "26" 79 V* 129 V* 126 28 Dec. '47 V* 110% 114 Dec. 82% Dec. 28 Dec. 19 V* Sale 51% Dec. 29 48 90 V* 40 22 Sale . Oct. 25 32 27 V* 23 V* 23 58 Sale 30 75 117V* 55 V* 54 84 V* 37 22 V* 23 O 1965 A Sale 92 20 M N 2003 M 53 % 82 V* 33 V* 93 J 1947 J D 946,000 Liquid Carbonic 4s con? debs Little Miami gen 4a series A ....1962 M N 1946 F A 3,320",000 Loew's Inc a f deb 3 Vis 45 25 V* 54 60% 80 Dec. 80 Dec. 80 Dec. 127% 128% 127% Dec. 123 124 121% Dec. 82 Sale 77 Dec. 102% 57% 61% 82% 82% 83 Dec. Dec. Dec. Dec. Dec. Dec. 128 Dec. 122% Dec. 82 Dec. 94% Mar. 102% Nov. 26 63% Jan. 18 50 Sept. 55. July 90 Jan. 80 Oct. 87 Mar. 10 73 Sept. 73% June Apr. 115% Apr. 126 60 June 4 88% Jan. 12 2 88% Mar. 1 129% Mar. 125 July 28 8 85% Oct. 26 N. T. STOCK EXCHANGE-BONDS Sales for BONDS 12 Months 1938 N. STOC Y. Price Jan. 3 1938 «•»» EXCHANGE Stt- $ Bid 963,000 Louisville Gas 8c Elec 3H( 199,000 Lou & Jeff Bridge gu g 4s,.. Ask 1966 M S 1103 1945 M S 106 Sale 109 % PRICES IN DECEMBER Dec. 1 Bid Dec. 31 Ask Bid Ask 107 X Sale 108 104 X 105 X 105 RANGE FOR Lowest Highest Sale Prices 108% 107% Dec. 105% Sale Prices 9 108 Dec. 23 609,000 1,351,000 571,000 1,092,000 1948 J ..2003 A 105 ....2003 A .......2003 A 93 87 Unified gold 4s 1st Ac ref 5s series B ... 1st 8c ref 4%a aeries G 1st 8c ref 4s ser D A 1st & ref 3%s series E ....2003 68,000 Paducah Ac Mem Dlv 4a.... 1946 F 45,000 St Louie Dlv 2d gold 3s.......1980 M S 28,000 Mob Ac Montg 1st g 414s 1945 M S 142,000 J 8outh Ry Joint Monon 4s ..1952 J 229,000 Atl Knox At Gin dlv g 4s 1955 M N * 34,000 ♦Low«r Austrian Hydro-Elec 6 %3 1944 F A 465,000 McCrory Stores Corp s f deb 5s..1951 2,357,000 McKesson Ac Robblns deb 5^8 1950 207,000 Maine Central RR 4s series A....1945 340,000 Gen mtge 4 %a aeries A 1960 149,000 Manati Sugar 4s s f Feb 1 1957 5,113,000 {♦Manhattan Ry (N Y) con g 4s__1990 1,094,000 ♦Certificates of deposit. 122,000 ♦2d 4s 2013 19,000 Manila El Ry Ac Lt 1st 5s 1953 Sale 100% Sale" 90 % 77% Sale 84 % M N J D 89 J D 55 57 MN A O "23% "25" J D 22% Sale 12% M "81 "" 102% 6 1% ♦4s (Sept 1914 coupon on) 1977 M S ♦Mlag Mill Mach 1st s f g 7s_ 1956 J D Michigan Central-Detroit At Bay 46,000 J City Air Line 4s 1940 J 313,000 45,000 MN 1949 M series 5s A 1,960,000 {♦♦M St P Ac S S M 4s stpd guar.. 1938 394,000 ♦♦1st cons 5s 1938 1,208,000 ♦♦1st cons 5s gtd as to lnt 1938 283,000 ♦1st Ac ref 6s series A 1946 322,000 ♦15-year g 5 Ms 1949 476,000 ♦1st ref 5Ms series B ___1978 491,000 {♦Missouri-Illinois RR 5s ser A...1959 1,158,000 Mo Kan Ac Tex 1st g 4s 199Q 8 109% 110 99% 104 8 15% Sale 60 40 % 40 % 75 38% 83 15% Sale 30% 13% 52 33 Sale % Sale 6% 12 % 3 « V* Sale 7 5% Sale 8 J Dec. 13 2 103% Dec. Dec. 1 Dec. 28 71% Dec. 15 Dec. 1 Dec. 23 45 Dec. 28 35% Dec. 1 Dec. 10 35% Dec. 1 Dec. 28 33% Dec. 1 Dec. 81 Dec. 12 Dec. 3 12 13 Dec. 80 50 Dec. 31 Dec. 20 Sale 7 13% Dec. 14 361,000 3,436,000 Prior lien 5s series A 5 90 Dec. 91 Dec. 20 91 Dec. 20 7 70% Dec. 11% Dec. 28 74 Dec. 5 15% Dec. 1 38% Dec. 38% Dec. 6 27 30% Dec. 2 15 8 Dec. 1 % Dec. 14 24 5 40-year 4s series B 40 15% 26% 43% 54% 16% 73 3% Sale VA 9% 3% 2 2 3 .. 8 3 7% Sale 5% Sale 7% 8 3% 4% 1% 1% 8 Sale 5% 6% 8% Sale 3% 4% 2% Sale 75 67% 80 6 Dec. 28 12% Dec. 26 6 Dec. 28 6% 2% 2% 6% 5% 6% Dec. Dec. Dec. Dec. Dec. Dec. 16% Dec. 30 125,000 4,460,000 2,583,000 67,000 5,496,000 410,000 ♦ ♦Certificates of deposit.. ref g 5s ser G_.. ♦Certificates of deposit 1st & ♦Convertible gold 5Ms ♦1st ref gold 5s series H ♦Certificates of deposit.. •1st & ref 5s ser 1978 MN I 1980 A Mar. 8% 1% 1% 5% 5% 6% June June Sept. Dec. 3% Aug. 25 Dec. 15 Dec. 9 28 14 Dec. 22 2 Dec. Dec. 19 8% 3% 2% 67% 52% Dec. 31 1% 65% 44% 45% Dec. 20 50 3 9 Dec. 12 13 Sale J F A M S M S Dec. 13 Dec. 31 Dec. 13 Dec. 28 Dec. 9 32 28% Dec. 9 13% Dec. 21 125",066 21% Sale 16 % 17 78 20% 4 21 20 21% 20% Sale 60 65 X 22 X 97 X ♦4Ms Jan 1914 coupon on. ..1957 J ♦4Ms July 1914 coupon on ..1957 J ♦4Ms July 1914 coupon off ..1957 J 71X 24 100 X 99% Sale 105 "Sale Sale 71% 80 52% Sale 50%. Sale 44% Sale 48% Sale 103% Sale 105% 114% 114% 99% 104 106 ... in J* 327",660 O ♦4s April 1914 coupon off 2.314,000 Ac rets No 4 on..1926 J ♦4s April 1914 coupon on ...1951 A O warr ♦Assent warr 8c rets No 4 Nat Steel 1st coll mtge 8 f 4s {♦Naugatuck RR 1st 39",660 1951 A Newark g 1965 j~D M N ... % '...) ■•• 107 -- . .. 2% ..... 2X Sale 80 V % % 1% 1% % Sale 121% 65 Sale D 117 J 20 52 22 J 25% 33 22 30. .v v *r *" ' > • •>*> > " - v , a j- - ■ ,:r.. 1/ 25% Feb. 26 23 23 Feb. 26 Feb. 26 25% Feb. 26 23 Feb. 26 65 Nov. 5 28 % July 29 32% Nov. 12 37 73 Mar. 99 Oct. 28 101 Feb. 23 75 July 25 72% Apr. 22 72% Apr. Oct. 69 May 27 74 Mar. 24 11* 48% Dec. 1 1 105% Dec. 29 Jan. 101 1 105 1 1 % Dec. 6 % Dec. 20 June 62 Jan. 3 19 55% Jan. 15 105% Dec. 31 Sept. May 116 95 Dec. Dec. 1 50 June Dec. 6 18 Oct. 18 100 8 Oct. 24 Mar. 31 Dec. 2 Dec. Dec. 100 9 % Dec. 1 % Dec. 9 Nov. 3 % Oct. 10 % Dec. 20 2% Feb. 23 % Dec. 9 Dec. 2 Dec. 20 Dec. 9 % Dec. 22 % Dec. 9 1% Dec. 15 Dec. 71 100% Sept. 15 105 20 % Dec. 8 % Dec. 20 1 39 Aug. 3 15 101% Dec. 27 4 104% Oct. 17 Aug. 4 Mar. 30 107 96% Feb. 92% Apr. 2% Feb. 28* % Dec. 20 2% Feb. 23 2% Feb. 28 1% Mar. 26 % % 108% 1945 J . 41 104% Dec. % .Sale 1948 J 119% 84 96 Apr. Apr. Sept. 34% June 34% June % Dec. 22 9 % Dec. I 10 26 Mar. 70 % Feb. 108% Dec. 15 100% Dec. 30 Mar. 85 47 37 A 2% IX IX ■15* 5s guarl945 J cons For footnotes, see page < 1951 4s._._._Il954 Conaol Gas 5s 185,000 {♦New England RR ♦Cons guar 4s 235,000 on. J 99 2 69% Dec. 15 29% Dec. 28 % % J 23 19 5 3 Dec. 101% Dec. 27 101% Dec. 27 Sale 103% Dec. 12 104% Dec. 1 Dec. 21 106% Dec. 106% 104 2 104% 105 Feb. 26 Jan. 26 112 35 1 Mar. 25 55% Dec. Dec. 73 23 8 Oct. 9 55 98 70% 25 67% July 98% June 30 107% Jan. Dec. 22 Dec. 24 Dec. 29 30% 101% 25 25% Feb. 26 48% Dec. 22 Dec. 22 95 Sale % % % % 8 46 103% Dec. 35% Sale 101% 104% Sale 106% 107 104% Sale J ♦4s April 1914 coupon on ..1977 AO ♦4s April 1914 coupon off 1977 A O ♦Assent warr Ac rets No 5 on.1977 Nat RR of Mex prior lien ♦♦Assent 12 50 95% J Ac rets No 4 on. 1957 17 27% Dec. 12 31% Dec. 12 48% Dec. 22 66 * 80 70 Dec. 28 15 27 102 57 J Sept. July Sept. June 29 53 Dec. Dec. 31 103% Dec. 23 25 6% Jan. 11 25% Feb. 26 14% 15% 14% 14% Sale 102 4 July 42% July 45% July 24 July Mar. 30 3 Sale 29% Dec. 1 34% Dec. 14 Jan. 25% Feb. 25 13% June 9 8% Mar. 25 2 2 3 27 Sept. 26 Sept. 27 14% Sept. 26 15 May 2 53 58 A D Mar. 31 4 Dec. Sale 108% 108% 107% Dec. 1 108% Dec. 15 99% 100% Sale 6 100% Dec. 30 99% Dec. Sale 96% Sale 9 98 Dec. 2 95% Dec. 98% 96% 99 96% Dec. 23 97% Dec. 7 75 71% • 74% 74% Dec. 30 74% Dec. 30 79 71% 79 u4% 1 24 97% 97% iwx Mar. 31 Dec. 27 99% Sale Apr. 10 19 107% 49 X Mar. 29 25 22 Sale 55 28 60 Sale 54% 18 Dec. 28 Dec. 24 "90" Sale 9 5% Jan. 70% July 61 104 60 16 6% Mar. 1 1 103 71X 4 Feb. 14% Feb. 3 Dec. Sale 82% 75 % Sale Oct. 20 Feb. June 9% 19% 28% 33% 22% Sale 29% Sale 34% Sale 52% 55 79 it* 60 107 100 100% —77^8 Dec. 62% .65 4%s— 504,000 6,000 . 92 National Dairy Prod deb 3Ms w w '51 M N 2,085,000 Nat Distillers Products deb 4%a_1945 M N 260,000 Nat Gypsum 4%s s f debs 1950 M N National Rys of Mexico— 10,000 Sale Sale 102% M N 7,749,000 warr 17% 12% 12 % M S 151,000 Nashville Chat Ac St L 1st 4s A..1978 F 656,000 Nassau Elec guar gold 4s stpd...1951 J 18,000 National Acme 4 Ms extended 1946 J ♦Assent 88 3 16% 5% 16 4 Dec. 17% Sale 16% Sale 17% Sale 16% 3% Sale 17% Sale 16% 17% Sale 16% Dec. 1 28 ..... Sale "2 Il| ........ 3,458,000 Montana Power 1st Ac ref 3Ms 1966 319,000 Mont Tram 1st Ac ref 5s series A..1941 General 8c refunding 5s A 25,000 1955 Gen 8c ref 5s series B 1,000 1955 Gen 8c ret s f 4Ms ser C 11,000 1955 Gen 8c ref s f 5s ser D 5,000 1955 985,000 Morris 8c Essex 1st gu 3Ms 2000 Constr M 5s ser A 540,000 1955 MN Constr M 4M* ser B 943,000 1955 MN Mountain States T Ac T 3Ms 950,000 1968 J D 124,000 Mutual Fuel Gas 1st gu 5s 1947 MN 7,000 Mutual Untbn Tel 5s 1941 M N 4,000 Sale Sale A Monongahela West Penn Pub Servlst mtge 4 Ms 1,529,000 1969 68 debentures 695,000 ..1965 376",660 5% 1981 MN ♦Certificates of deposit 26,000 ♦♦Mo Pac 3d 7s ext at 4%..July 1938 {Mobile Ac Ohio RR,— 662,000 ♦Montgomery Dlv 1st g 5s 3947 6,303,000 ♦Refunding 8c Improv't 4%aL-1977 ♦♦Sec 5% notes 3,789,000 ...1938 53,000 Mohawk Ar Mai 1st gu g 4s 1991 307,000 Monongahela Ry 1st M 4s ser A..I960 4,000 It* >.1949 MO Sale 32 7 14 Sale 7% 20* 23 Dec. Sale 1977 M N 4 Feb. 8 30% 16% 1975 MS Jan. 2% Dec. 27 31 ♦General 4s May 12% Dec. 60 20 3% Dec. Sale ♦1st 8c ref 5s series F Mar. 15 52 Dec. 27 9 21% 20% 6% 21% 20% 77 27 22 Dec. 20% Mar. 31% Sept. 28 31 17% Sale 11% Dec. Mar. 26 36% Sale Sale Sale Jan. 16 Sale 34 34 8 18 ^ 19% Dec. 36% 31% 30% 15 ♦Certificates of deposit 13 4 7 89 June 14% Sept. 28 14% Sept. 23 Sale Sale ♦1st A refund 5s series A 60 32 {♦Missouri Pacific RR Co— 1,610,000 150,000 7,314,000 8,673,000 518,000 2,602,000 10 Jan. 16% Dec. * 21% Dec. 31 18% Dec. 22 ! 20% Dec. 13 Sale 4% Dec. 6% Dec. 30 Sale 22 Dec. 31 16% Dec. 15% Dec. 20% Dec. 30 Sale" 16% Dec. 21% Dec. 31 Sale 16% Dec. 20% Dec. 13 Sale 3% Dec. 4% Dec. 15 Sale 16% Dec. 21% Dec. 31 Sale 15% Dec. 20% Dec. 31 Sale 16% Dec. 21% Dec. 31 16 Dec. 21% 20% Dec. 31 60 49 49 Jan. 103 50 53 52% Sale Oct. 17 101 79% June 28% Mar. 31 50 38 % "Mar." 14 "31%"De"c'."l3 36% Dec. 31 31% Dec. 2 32% Dec. 15 16% Dec. 31 48 68% 40 12 Nov. 18 67 47 J Dec. Apr. 7 110% July 6 Sept. 15 103% Feb. 8 8 Nov. 7 Jan. 21 % Dec. 14 Dec. 14 Oct. Apr. Sept. 60% Jan. 18% June 45% Dec. 67 23 Jan 87% Nov. 25 13% June 23 95 Aug. 9 97 Feb.10 104% Oct. 4 77 26 65 J O ..1965 F ♦Cum adjust 5k xerles A 81 102 87% 67 1962 J ..1978 J 1967 A Pr lien mtge 4Me ser D Nov. 16 Jan. 103% 99% 5% % "2 '31% Dec.*13 13 4 Nov. 30 Mar Apr. 3 7 Jan. May 91 Dec. 5 110 Dec. 109% Dec. 100 Dec. 27 101% Dec. Jan. 34% Nov. 16 24% Nov. 16 Mar. Dec. 5 .66 45% Sale 17% Mar. 16% Apr. Dec. 101% Dec. 10 104 Dec. 65* It* Mar. 70 85 68 11 Nov. 12 105 June 20 3 Jan. 107% Nov. 17 Mar. Dec. 60 J July 37 Jan. 6 111% Jan. 98% Feb. 17 97% Apr. 93% Mar. 66% Dec. 13 90 34 1962 J 22 12 Mar. 30 80 Oct. 25 Jan. June 50 MIssour-Kansas-Taxas RR— 2,596,000 1,148,000 68 6 July 85 82 112 June 98 Jan. 90 Apr. July July 65 95 -- 65 5 93% Feb. 28 June 9 Dec. 14 7 74 12 31 13 .. Jan. Dec. 92 J i:: 94% 80 23% 3 102 58% Dec. 7 91 Jan. 10 20 90% 70% 95 Sale Dec. 23 107 % Dec. 14 24 "I'H 2 74 Dec. 9 12 104% Dec. 15 Dec. 27 24 Dec. 27 "m "Il% Sale 75 55 9 16 4 105 97% Sept. 83% Apr. 75 Apr. 76 109 Sale 109% 72 "15% M 103% 82% 2% J Sale 91 1962 ext Dec. Dec. 23 7 108 June 23 107% Mar. 96 65. 51% 103% 104 80 ::::: "i% 104 J ♦Ref 8c 55 g* D 97 100% Dec. 14 101 13% 87 59 83 31 103 1 87 94% 87% 94% 8 ♦1st At refund gold 4s Dec. 81 81 102 89 1939 I "72" 101% ~l3~~ 101% Apr. 1 2 2K S M 108 71 87 20 Ref Ac Imp 4%s series C 91,000 J 1979 J 174,000 {♦Midland of N J 1st ext 5s 1940 A O 1,000 {♦♦Mil Ac Nor 1st ext 4^s (1880).. 1934 J D 515,000 {♦Mil Spar At N W 1st gu 4s 1947 34,000 {♦Mllw 8c State Line 1st guar 3%sl941 281,000 {♦Minn Ac St Louis 5s ctfa 1934 97 _ 86 107% 105% 106% 105 Sale 103% 70 73% 71% 66% Sale 41 43% 37% Sale 27 28% Sale Sale Sale 31 29% Sale 29% 27% 27% 25 25 17% 100 80 25 66% 76% 84% Sale 98 98% 22",656 35% 33% 90 101 1939 J "45" 99 Sale - 103% 35 % 108 ♦Con ext 4M» 71x "75" 91% Sale 802,000 Metropolitan Edison 4%a ser D.. 1968 M 8 358,000 Met Water, Sewer At Drain 5Us.. 1950 A O 150,000 ♦{♦Met West Side Elev (Chic) 4s. 1938 P A 10,000 ♦Mex Internat 1st 4sasstd. 1977 M S ♦1st ext 4Ms 108 Sale Prices 109% Dec. 10 109% Dec. 10 *80% 86 . 106 72 18,000 27,000 Sale 80 Bee. 20 99% 99 99 1952 M N 84% 79% Dec. 85 70 1951 84% 79% Dec. S 3%a 82 Sale 71 90,000 Manila RR South Lines 1st 4s 1939 M N 191,000 1st ext 4s__ 1959 M N 39,000 {♦Man G B At NW 1st gu 3tfe._.1941 J J 286,000 Marlon Steam Shovel a f g 6s 1947 A C 469,000 Market Street Ry 1st 7s....Apr 1940 Q J 1,121,000 Mead Corp 6s with warrants.. 1945 M N 261",666 89 99% Dec. 16 100% Dec. 1 9 92% Dec. 97% Dec. 19 85% Dec. 12 90 82 Dec. 16 ec. 2 84% 76 Dec. 15 78% Dec. 23 97% 98 M N M Sale 103 % 105% 104% 105% 104 25 24 111"" 111% .... Jack L At S gold 1st gold 3%s.._ 79 "97" "96" 99% 94% 88% 84% 78% 98 97 80% 107 % 112"" Sale 100 X 93 Highest Sale Prices 102 Louisville & Nashville RR— 5,494,000 YEAR 1938 Lowest * •• *0 V* 108% Sale" 25 25% 26% Dec. Sale" Sale 10 108% Dec. „ 65 Y 122% ' 3% Feb. 28 1 % Feb. 15 % Dec. 10 2% Feb. 28 % Sept. 22 1% 121 % ~De"c~. 18 Dec. 1 % Dec. 109 8 Dec. 13 103 Mar. 31 109 Dec. 13 "I 122% Dec." 27 116% "Feb. ""3 122% Dec,"27 16 17"% Dec. 21 25% Dec. 31 27% Dec. 31 18 Dec. 16 17% Dec. 21 32% May 12 31 May 11 Sales for N. Y. STOCK EXCHANGE Jan. 3 Ask T 3#-yr 5a A—1952 J lat g 4 %a sarlaa B 1941 M N J Junction RR gu lat 4a— 1986 9 735,666 N J Pow 8c Light lat 4%a 1969 398,000 New Orleana Great Nor 5a aer A.. 1983 201,000 N O A N eaa'ern ref 4%a aerlea A. 1952 J 1,817,000 New Orleana P S lat & ref 5e A... 1952 A 122% 123% D ..1955 New Or eana Term lat 4a guar...1953 {♦♦N O Tex 8t Hex Income 5a.. 1935 586,000 ♦Firat 5a aerlea B 1954 ♦Certificate! of depoait 60,000 263,000 ♦lat mtge gold 5a aerlea C 1956 538,000 ♦let 4%a aerlea D. 1956 1,260,000 ♦Flrat 5 Ha aerlea A 1954 50,000 ♦Certificate! of depoait ... 45,000 Npt 8c Cln B fen gu g «H> --—1945 N Sale 95 121 107" 107% J 57 65 J 45 52 97 Sale 96*4 O lat 8c ref 5a aerlea B 2,314,000 570,000 222,000 Sale 76 .51 36 34 33 54 34 % 42 O 3M 49 J 110% F A F A A J Lowest Highest Sale Prices Ask Sale Prices Sale 45 33 Sale Prices Conaol 4a aerlea A. .......1998 .. F A 82 Sale 67 Sale 70 1946 2013 2013 1952 A O Sale Sale Sale 76% O 91% 64% 78% A 55 Sale 59% A O 71 Sale 59% Sale MN 83 Sale 65 Sale 63% 67% 83 Sale 78 81% Sale 10-year 3%a secured a f Ref 8c Impt 4H> Ref A Impt 5a aerlea A aerlea C Con? secured 3%a 93% 94% 95% 96% 64% Sale 81% 85% 75 85% 2,549,000 NYCftHRg mtge 3 Ha 1997 427,000 Debenture 4a of 1912 1942 6,664,000 Ref A Impt. 4%a aerlea A 2013 581,000 Lake Shore coll g 3 Ha 1998 146,000 Mich Cent coil g 3 Ha —1998 New York Chicago 8c St Loula— 5,155,000 ♦Refunding 5%t A......1974 A O 14,209,000 ♦Refunding 4%a aerlea C. .—1978 M S 6,338,000 ♦3-year 6a........... Octl 1938 A O 783,000 4a collateral trust —1946 324,000 1st mtge 3%s extended to 1947 2,153,000 N Y Connecting lat gu 4%a A...1953 197,000 lat gtd 5a aerlea B... 1953 531,000 N Y Dock lat gold 4a 1951 Convertible 5% notes.........1947 151,000 1,804,000 N Y Edison 3%a aerlea D 1965 1,149,000 1st lien 8c ref 3%a aerlea E 1966 62 Sale 90 64 55 124 Dec. 14 120% Jan. 108 Dec. 7 104% Apr. Dec. 1 70 53 Dec. 31 Dec. 46 Sale Sale Sale Sale Sale Dec. 78 1948 4a—1949 JD 121,000 ♦N Y 8c Greenwood Lake 5a 1946 85,000 N Y 8c Harlem g 3Ha 2000 96,000 N Y Lack 8c Western 4a aer A....1973 Guar 4Ha aerlea B—...— 14,000 .1973 ♦N YLB 8c W Coal 8c RR 8%a 1942 ♦Dock & Impt lat 5a.._. 1943 9,000 N Y & Long Branch gen 4a. ...1941 M N M N M N N Y Gaa El Lt Ht 9c Pow 5a Purchaae money coll tr g F 23 Apr. 22 Mar. 30 N N 61 N J J M S 50% Dec. Sale 44 5 Dec. 23 Dec. 30 30 2 65 7 103% Dec. 30 102% Dec. 5 106% Dec. 30 Dec. 106% 106 1 Sale 52% Dec. 23 57% Dec. 53 Dec. 31 49 Dec. 10 59% 106% Dec. 12 108% Dec. 22 98 287,000 887,000 26,000 374,000 103,000 1,964,000 1,108,000 16,000 164,000 2,038,000 770,000 294,000 611,000 1,206,000 1,949,000 699,000 54,000 1,394,000 2,285,000 78 68 Dec. 12 84% 75 Dec. 22 1963 J 5a-1937 i 1937 F A 7*1 ♦General gold 5a ——-—1940 F A 43*1 ♦Terminal 1st gold 5a..— 1943 M N NYTallstgcgsna f4Ha 1939 MN 106*1 Ref mtge 3%a aerlea B 1967 J J 104*1 N Y Trap Rock lat a f g 6a— 1946 J D 68 stamped.... —1946 j"j {♦♦N Y Westches 8c Boa lat 4%a-l946 Niagara Falls Power 3% a 1966 M S a o Mag Lock A Ont Pow 1st 5a A...1955 M N Niagara Share (Mo) deb 5%!——1950 Nord Rya extl a f 6Ha ...—1950 A O F A •{♦Norfolk South lat A ret 5s A-1961 — F 513,000 North Am Edlaon deb 5s aer A.—1957 M S Deb 5H» ser B 946,000 Aug 15 1963 F A Deb 5a series C Nov 15 1969 MN 78,000 North Gent gen A ref 5s aer A—1974 M 8 Gen A ref 4Ha aerlea A 1974 M 8 54,000 {♦Northern Ohio Ry lat guar 5a. A O Apr 1 1935 and sub coupons...1945 7,000 ♦Oct 1938 and sub coupons—1945 ♦Certificates 22,000 6,231,000 3,256,000 947,000 7,595,000 400,000 775,000 1,422,000 of A Ref A Impt 6s Series B C Ref A Impt 5s Series D. N'western Teletf 12% Sale 12 53 Sale 55* 7% 108% Sale 97 Sale Sale Sale 77 65% 51% 48% 109% 110% 104 94 Sale 101% 11% 10M 10 Sale Sale Sale Sale 47% Sale Sale 103% Sale Sale 119% 125 115% 119 70 79% 75 Sale 68 63 74 Sale 4 Sale 109% 109% 110% 107% Sale 108% Sale 97 94% 102% 101K Sale Sale 7 109% Jan. 4 102% July 39% Mar. 45% Sept. 101 Apr. 101% Apr. Dec. 28 J 16 IV IV 73 87% July 9 121% Sept. 29 125 112% Apr. 16 117% Nov. 29 64 85 Apr. 8 11 Dec. 20 10% 10% Dec. 21 11 10% 10% 11% 11% 10% 12% 11 18 Dec. 5% 11% 50% 6% 3% Dec. 9 Dec. 6 Dec. 10 Dec. 7 Dec. 10 10 64 Dec. Sale 96 Sale 17 15 60 115 106 Dec. 64 5 64 16 11 11 June 20 18 5 38 80 92 6 5 5 Dec. 100% Dec. 13 102 7 12% Dec. 15 9% Dec. Dec. 22 7 5% Dec. 28 8 40 Dec. 10 Dec. 6 103% Dec. 29 103% Dec. 108% Dec. 30 109% Dec. 7 Dec. 7 62 72% 2% 109% 107% 94 Dec. 63 8 5 74 Dec. 31 Dec. 4 Dec. 3 Dec. 28 3 110% Dec. 20 Dec. Dec. 19 108% Dec. 30 Dec. 14 97 Dec. 1 99% Dec. 13 102% Dec. 29 9 18% Dec. 15 14% Dec. 9 16% Dec. 15 12% Dec. 57 Dec. 28 60 Dec. Dec. 4%a extended ..1944 J J J 13 J J 12 1967 14 92 16,000 ♦Ogden A Lake Ch 1st guar g 4s. 1948 ♦4s stamped...... 1948 Ohio Connecting Ry 1st 4a.—.—1943 Ohio Edison 1st mtge 4s.........1965 1st mtge 4a —-——.1967 1st mtge 3%s 1972 Oklahoma Gas A Elec — 1966 4s debentures .... 1946 Ontario Power N F lit 5s— 1943 Ontario Transmission 1st 5s.....1945 Oregon RR A Nav con g 4s 1946 Oregon Short Line 1st con g 5s—1946 1st guar cons 5s stamped 1946 Ore-Wash RRANav tstAref 4s...1961 Otis Steel 1st mtge 4%s A 1962 Pacific Coast Co 1st g »a ..1946 Pacific Gas A El 4s ser G 1964 1st A ref mtge 3%s ser H 1961 1st A ref mtge 3%a 8er ' ...1966 For footnotes, see page 30. Sale 51% 67% 56% 56% 107% 4% Sale 65 53% Sale 59% 59% Sale 4% 4% 6% Sale 108% 105 108 105 MN Sale 106 Sale M S Sale Sale 106 Sale 106% Sale 106% Sale 101% Sale J J D Sale J D 101% F A Sale MN 113 Sale J D J J 117% 101% Sale 106% 107 104% Sale 113% 113% 110% 113 102 70 109% 105% 101% Sale Sale Sale 103% Jan. 28 109 Dec. 20 106 Dec. 20 Dec. 102 Jan. 7 Mar. 16 9 Dec. Dec. 11% Jan. 4 40 Oct. 8H Jan. 52 103% Dec. 104% Apr. Mar. Mar. 67 62 60 2% Dec. 104% Jan. 107% Nov. 82 Mar. 85 Sept. 8% Apr. 9 Mar. 43% July 110 75 llO^f Jan. Nov. 7 3 Aug. 16 July 27 Jan. 11 Oct. 27 108% Aug. 12 97 Nov. 12 102% Dec. 29 19% Nov. 10 17% Oct. 27 60 Nov. 22 Dec. Mar. 121 Apr. 107% Oct. 99% Apr. 18 Jan. 24 96% Apr. 1 110 July 22 104% Oct. 17 5 3 19 12 " Apr. 25 107 105% Nov. 107 July 14 19 9 7 106% Dec. 28 115 Nov. 30 116% Jan. 7 45 Dec. 31 23 June 29 45 32% Dec. 81% Dec. 46% Dec. 48% Dec. 24 35 28 Dec. 31 35 Dec. 28 May 11 17 83% Dec. 67 22 53 Dec. 41 20 53% Dec. 68% Dec. 40 June 17 June 17 June 17 Dec. 46 58% Dec. 107% Dec. 45 51 Dec. 22 Dec. 22 50 Dec. 58 106% Dec. 4 Dec. 17 3% Dec. 30 58 53% June 18 102 4% Dec. 13 5 Dec. 9 107 Sale 104% 112% Sale 110 5 Dec. 93% Jan. 62% Jan. 7 12 76 Jan. 13 88% Jan. 11 79 Jan. June 17 80 Jan. June 18 June 25 107% Dec. Sale 4 Dec. 3% Sept. Aug. Apr. 98 Apr. 91% Apr. 107 98 107 Dec. 108 Dec. 29 Dec. Dec. 114% Dec. 13 115% Dec. 13 104 2 80 Dec. Dec. 29 60% Dec. 7 112 Dec. 8 109% Dec. 107 8 Dec. Dec. 31 Dec. 19 Dec. 21 Dec. 21 Dec. 17 .Dec, 29 98 Jan. 96 Apr. 111 Apr. 110 113~ 108 105% Dec. 22 106% Dec. 31 Dec. 16 106% Dec. 28 5 9 101% Dec. 100% Dec. 9 107% Dec. 21 106 Dec. 2 8 104% Dec. 103% Dec. 5 112% Dec. 29 113% Dec. 105 114% 113% 114% 113 Sale 115 115% Sale Sale 104 Sale 102% Sale 80 Sale 78 77% 65 61% 59% 56% 59% Ill 112 111% Sale Sale 107% 109 108% Sale 105 106% Sale 105% Sale 113 115 Sale Sale 18 Dec. 38 108 M S J Feb. 10 14 31 100 100 4% 4% 8 13 12 Jan. 11 35 Jan. 14 12 Jan. 12 23 Feb. 7 79 11% June 23 6 Mar. 29 105% Dec. Oct. 22. Apr. 9 .98 100% Dec. 1,06 Sale 106% Jan. 21 20% Jan. 18% Jan. 23% Jan. July 25 May 10 107 Sale J 3 Hs Jan, Nov. 23 101 6 121 Jan. 8 Dec. 2 103% Dec. 19 105 9 103% Dec. 31 106% Dec. 1 106% Dec. 28 104 Dec. 53 Sale 10 13 11 14 17 19* 58 Sale Sale Sale 83% 57% Dec. Mar, 31 19% Jan. 68 97 48 Sale 49% 53% Sale 63% Sale 10 7 16 106 1 105% Dec. Dec. 31 97% Dec. Dec. Mar. 31 6 Dec. 96% Mar. 10 Dec. 31 106% Dec. 28 83% 56 5 22 45 42 65 ..... 26 Jan. Jan. Dec. 111 Sale 82 98 Jan. Dec. 14 45 35 77 Mar. 12 47% Dec. 27 51% Dec. Dec. 12 June 20 Dec. 10% Dec. 12 5 12% Dec. 115 105% 107 Dec. Dec. Dec. 11% 50% 5% 3% 8 47% Dec. 27 103% 103% 105% Sale Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 55 Dec. 21 Dec. 6 Dec. 12 Dec. 5 105 104% 105 105% 13% 16% 16% 16% 16% 16% 17% 25% 7% 17% Sept. 20 Dec. 21 Dec. 12 Sale 35 Sale 53% 108% Dec. 22 108% Nov. 4 Dec. 118% Dec. 42% Sale Sale Nov. 14 64 Sale 70 92% 62% Oct. 27 61 Dec. 118% Sale 118% 105% 105% 105 104 3 6 Jan. 62% Dec. 8 Sale IV Jan. Dec. 17 22 Apr. 22 103 80 Apr. 18 93 Nov. 2 8 109 11% Jan. 95% 60 Dec. 103% Sale 90 108 95 Dec. Sale Sale 3 3 June Dec. 40 Sale Sale Sale 23 Dec. 28 40 5% 30 103% 72% 3% Dec. Jan. 14 9 4 109 63 79 69 106 68 Dec. 17 11 11 5 Sale Sale Mar. 51% Apr. June 1 125 Dec. 16 9 Dec. 20 117% Dec. 105% 105 105% Sale 100 58% Sale Sale 103 18% 16% Sale 16% Sale 16% Sale 16% Sale 16% Sale 17% Sale 25% Sale 7% Sale 5 75 40 A 758,000 3,000 3,492,000 1,535,000 2,236,000 1,483,000 1,337,000 347,000 31,000 716,000 335,000 580,000 3,877,000 1,729,000 101,000 2,187,000 2,768,000 3,680,000 16% F Northern States Power 13 70 Jan 2047 Q F 2047 J J —2047 J J 2047 J J 2047 J J Id gt 3a Ref A Impt 4Hs Series Ref A Impt 5a Series 15 13 48 9 Jan. 26% June Dec. 116 Jan. stamped dep April '33 to Oct '38 coupons. 1945 Northern Pacific prior lien 4a—1997 Q Gen Hen ry A Sale 70 A 2,099,000 12% Sale 93% 7 108% 11 84 74 62 June 95 Sale 105 June 17 58% June 23 75 74% 50 Sale 101% Sale ♦Certificates of depoait ♦{♦Norfolk A South 1st g 5a 1941 M N Norfolk A West Rv lat con g 4a...1996 A O deb 5a——..1961 47% 60 92% Sale 90 96% 15 97 95 Sale New York Steam North American Co 61 7% 4% 76 .80% Dec. 13 13 11 17 50 6 Sale Sale 64 22 69 ..... 66 14* Corp 3%s {•♦N Y Suaq 8c West lat r*f A ♦♦Second gold 4%S- 1 106 38 105 79% 50 94% Jan. 98% Jan. 65% Jan. 82% Jan. June 21 June 17 30 56% 60 11% 11% 11% 11% 12% 81% Dec. 30 59% Dec. 31 Jan. i? 15 84 June 17 60% Dec. 31 53% Dec. 31 50 100 67 64 5 18% 99% 75 50"" 99" 100% J»NY&N Eng (Boat Term) 4B...1939 A O {♦N Y New Haven 8c Hartford— 139,000 ♦Non-conv debenture 4a 1947 M 8 289,000 ♦Non-conv debenture 3Ha 1947 A O 380,000 ♦Non-conv debenture 3Ha.«_.1954 A O J 818,000 ♦Non-conv debenture 4a. ...—1955 J 899,000 ♦Non-conv debenture 4a 1956 M N J ♦Convertible debenture SHa..1956 J 805,000 ♦Convertible debenture 6a 1948 J ) 4,316,000 A O ♦Collateral trust 6a— 1940 1,183,000 ♦Debenture 4a.... 1957 M N 763,000 ♦1st 8c ret 4Ha aer of 1927 3,123,000 1967 J D W N 232,000 {♦ iarlem RftPt Chea «st 4a..1954 M S 1,803,000 {♦N Y Ont 8c West lat g 4a 1992 237,000 ♦General 4a .....1955 J D 9,000 {♦N Y Prov 8c Boaton gen 4a 1942 A O N Y 8c Putnam lat con guar 4a -1993 A O 63,000 390,000 N Y 8c Queens El Lt 8c Pr 3%a—1965 M N New York Railways Corp— 207,000 {Prior Hen 6s stamped 1958 J J 125,000 N Y 8c Rich Gas lat 6s A 1951 MN Dec. 23 June 16 June 17 51 Sale 70 100 84 82 53 124 64 42 Dec. 24 Dec. 12 125% 116% 93% ... 3 91% Jan. 65% Jan. 73 Jan. June 17 38% June 16 65 Sale 69 Jan. 62 67 Sale 15% 99% 48% June 20 2 124 12 9 111% Jan. Dec. 1 Dec. 31 Dec. 29 Dec. 30 12 116% 61 35% Feb. 21 8 7 Dec. 28 Dec. Dec. 25 4 25 78% 59% 64% 67% Dec. 105% 102% Dec. July 40 70 7 107% Dec. .. 36% Aug. 1 26% May 108% Nov. 64 107% 108 96% 84 July Mar. 31 15 63 Sale 102% 37 22 Dec. Dec. 30 2 Sale 85 ... Nov. 35 Dec. 13 107% 107% 123 '123% 113% 114% A Oct. 53 39 53% Dec. N Y 8c Erie—See Erie RR. 358,000 540,000 15 37% Dec. 30 33% Dec. 12 35% Dec. 15 Dec. 10 82 Sale Sale Sale 75 66 Sale 60% 53% Sale 104% 71 73% 75% 82% 80% 76% Sale 103 103% 106 106% 104% 54 57% Sale 53 50% Sale 61 75 Apr. 21 47* 68% Dec. 14 8 Dec. 63 10 3 103% Dec. 30 86% Apr. 1 Dec. 31 Mar. 31 104 Jan. 5 Mar. 31 76 June 14 35 July 23 23 Mar. 30 38 July 22 22 June 10 36 July 22 24 103% Dec. 30 35 8 4 108% Sept. Mar. 11 38 34 Dec. 15 104 74% Dec. 27 53% Dec. 2 56% Dec. 5 77% Sale 102% 107% 108% 109% 48% Sale 103 83% 81% 59% 66% 70 64 ..... Sale 103 67 55% Sale Sale 77 74 Sale Highest July 22 Sept. 28 126 8 124% Nov. 7 120 125% Dec. 27 123% Dec. 8 124% 124% 125 124% Dec. 8 123% Sale 123% 124 90% 107 Dec. 21 108% 107% Sale Sale 63 70 "66% 66% Dec. 28 Sale 5 50 53 47% Dec. 46% Sale 103 101% Dec. 10 102% Sale Sale 104 101% Dec. 20 101% Sale 61 Dec. 28 66 68% 68% Sale Dec. 19 32 35% 30% 35% 31 Sale 33 Dec. 27 34 37% Sale 29 36% 36% 32% Dec. 12 32% 36 38% 33% Dec. 27 34% Sale 30 Dec. 28 34% 35% Sale 32% 36 33 Dec. 19 34% 39% Sale 30 32% III"" 108% 110 New York Central RR— 3,024,000 2,587,000 6,747,000 7,711,000 4,857,000 Highest Lowest | 124 A O 31 Dec. : Ask Bid Bid Bid N«w England T 8c Dec. 1 1938 $ 768,000 417,000 YEAR 1938 RANOE FOR PRICES IN DECEMBER Price II bonds 12 Months 1938 37 EXCHANGE-BONDS N. Y. STOCK jan., 19jj9] May 103 Apr. 109 Apr. 110% Apr. 90% June 59 Apr. 45 Jan. 106% Apr. 102% Apr. 98% Apr. 10 18 3 106% Nov. 15 106% Nov. 14 1013% Nov. 14 107% Dec. 21 2 104% Dec. 13 Jan. Jan. 12 108% Jan. 114% Aug. 10 Feb. 23 113 Jan. 10 110 116% Jan. 17 118% Jan. 10 106% Jan. 13 80 Dec. 19 60% Dec. 21 112 Dec. 21 109% Dec. 17 Dec. 29 107 28 N. Y. STOCK s Sales for 12 Months BONDS 1938 N. Y. STOCI EXCHANGE S PlTi 95,000 ♦♦Pacific RR of Mo 1st est 4s ♦♦2d extended gold Ss.w..... 33,000 - Price it Bid 1938 F A 1«38 J J 652,000 1966 1,114,000 1966 22,000 Paducab at Illinois 1st s f 4 %■. 19Sft 644,000 Panhandle Eastern Pipe L 4s A. 1952 Paramount Broadway Corp— 1st mtge s f g 3s loan ctfs. 431,000 1955 PRICES Jan. 3 1938 ■5 a. FaclMc Tel at Tel 3% s ser B Ref mtge 3%8 series C— EXCHANGE—BONDS Ask 82 A O J D Dec. 1 J J 103 S 99 P A Ask Bid 50 88 92% 103% 104% 104% Sale M Bid Dec. 109 67 72 DECEMBER RANGE FOR Lowest Highest Sale Prices Ask 63 70 IN 31 65 93 65% 63 71% 107% 108% 108 108% 108 108% Sale 108 108% 109 101% 101% 105 105 105% Dec. 28 Sale Prices 70 Dec. Dec. 6 67 Dec. 12 108% Dec. 20 Dec. 1 109 Dec. 7 105% Dec. 23 Dec. 19 — s f debenture 6s 1955 3lis cony debenture 1947 Paris-Orleans RRExt s f 5H<— 1968 1,467,000 1,258,000 303,000 25,000 22,000 63 58 Sale 57 59% 56 Sale 97 99 99% 99% 73% 82 83 88 89 94 % Sale 94 Sale 100 97% Dec. 82% Dec. 93% Dec. 50% Sale 49 118% 79 % 122 71 89 J Parmelee Trans cony deb 6s 1944 Pater son at Passaic GfltESa..... 1949 ♦Paulista Ry 1st & ref 7s 59% 91% Paramount Pictures Inc— 38 j 116 A... 1942 ser - 100% 50% 122 Dec. 24 Dec. Dec. 49 122 58 Dec. 65 Sale Prices Oct. 5 June 24 60 1938 Highest Sale Prices 5 17 Dec. ' 1,712,000 YEAR Lowest 82 70 6 Jan. Jan. 102% Apr. 2 108% 102% Jan. 28 109 98% July 26 103 98 Apr. 7 105% 19 Dec. 20 Dec. 19 Apr. 14 Nov. 30 1 56 Dec. 24 5 99% Dec. 24 3 87% Dec. 30 1 100% Dec. '28 81 Mar. 31 100 July 19 Mar. 31 87% Dec. 30 15 50% Dec. 7 122 Dec. 1 7 61% 57 75 63 July Sept. 28 100% Mar. 31 52% Jan. 21 122 Mar. 25 72 313 1183 60 19 Dec. 28 Nov. 14 Dec. 7 Aug. 29 Pennsylvania Co— Guar 3 _ , coll tr ctfs ser B 72,000 1941 Guar g 3%a tr ctfs series C 15,000 1942 Guar g 3%a tr ctfs Series D—1944 47,000 44-year guar tr ctfs 4s Ser B..1952 208,000 28-year 4s 1,531,000 1963 424,000 Penn Dixie Cement 1st 6s A —1941 98,000 Penn Glass Sand 1st mtge 4)4*--1960 F J D 713,000 4%s series A 4%s series B 1,000 F 958,000 268,000 1,964,000 1,043,000 7,433,000 3,283,000 4,244,000 3,294,000 1,586,000 5,495,000 180,000 773,000 330,000 541,000 89,000 788,000 607,000 159,000 143,000 24,000 8,000 18,000 3,000 26,000 5.000 80 103 D O O 1960 F 1965 J ...1952 A Peoples Gas 8c Coke 1st 4a .1943 A Refunding gold 5s MS —1947 cons 4s 1940 A ♦Income 4s (flat) Phelps Dodge cony Sale Sale Sale Sale Sale Sale 115% 116% 109 % Sale 61 9% 107 90 84 76 A Sale 102% Sale 109% 110% 114 123% 1977 J J 103 114 1981 J D Phlla Company secured gold 5s.1967 J 109 115 D 93 % Sale 1967 M 8 1973 1949 M 6 106% 16% 4% Sale General 4H« series D Phila Electric 1st & ref 3%s t^PbMa at Read C at I ref 5s ♦Convertible deb 6s t "Philippine Ry 1st 30-yr Phillips Petroleum conv 3s J f 4sl937 J s I 194K M Pirelli Co (Italy) cony 7s 1953 M N Pitts Coke & Iron cony 4Hs A—1952 M S P C C 8c St L g 4Ha series A 1940 Con 4Hs series B guar g 1943 Con 4Ha series C guar g 1942 Con 4s series D guar g ..1945 Con 3H> series E guar g 1949 Con 4s series F guar g 1.1953 Con 4s series G guar g 1957 Con 4s series H guar g. 1960 Con 4Ha series I g__ .......1963 Con 4H« series J guar 1964 Gen guar 5s series A 1970 General g 5s ser B 1975 1st gen 5s series C 1st 4H® aeries D A O A <Y MN M N F Tobac Sale D M N F A 11 .... 73 80 cony stk (65% pd) gold 6a J [•' 19411J 1997 -«MUU --- ' - 62,000 ♦Rhine-West Elec Power 7s. ♦Direct mortgage gold 316,000 6s ♦Cons mtge 6s 274,000 ♦Cons mtge 6s 281,000 with warrants. 1,557,000 1iRichfield Oil 4s conv deb - 33,000 Richmond Term Ry 1st guar 5s. ~~7".666 7s ♦Rio Grande June 1st guar 5s Dec. 110 104 110 104 Dec. 104% 103 104% 103% Dec. Sale 99 98% Sale 96% Dec. 109% 110% 110% 110% 109% Dec. 13% Sale 12 Dec. 13% Sale 4% 13% Sale Sale "88"" 3 14% "13% Sale" 99 77 112% Sale 85% Sale 93 92 83 92% 103% 103% 103% 104% 108 104 Dec. 106 108% 106 *Dec. 92 308% Deo. 85% Dec. 104% Jan. 18 18, Mar. 30 June Apr. 14 3 8 Apr. 97% Apr. 99 Mar. 78% Mar. 10 21115 " 20 101% Apr. 103 May 105 Apr. 103% June 103 104 100 105 105 112 113 111% 111 111% 112% 103 100% 102% 102 101% Sale 101% 103 92% Sale 92% 92% 105% 108% 107% 50 51 52% "45% 116% 112% 115 110% 116% 104% Sale 108% 50% 78 50% 59 52 60 50 51 53 Sale 44 42 109% 110% 19 112 3 103 2 102% 3 93% 15 Dec. 19 Dec. 30 Dec. 24 Dec. 15 47% 41 % 43 Dec. 14 48% Dec. 51 42% Dec. 14 51 Dec. 29 46 Sale 101% 100 Dec. 1 109 104% Jan. 108 Feb. 53% 55% 55% 109% 115% Nov. 25 38 32 Mar. 1 1 60% Dec. Dec. 27 43 Mar. 101 May May Dec. Mar. Jan. Apr. Dec. Dec. 4 Jan. 106 100 100 16 Feb. 4 112 Dec. 19 6 112% Jan. 112% Jan. 14 June 1 15 Dec. Feb. 104% Nov. 25 71% June 40 2 9 5 117 May Apr. Dec. 106 100 90 106 6 Mar 106% Dec. 29 105% Mar 10 105% Aug. 29 104% Aug. 107% July 107 Apr. 94% June Dec. 17 L08% Jan. 110% Jan. June 103 117 6 112 19 109 July 103 103 ill*::::: Dec. Dec. Dec. Dec. Dec. Feb. Sept. 26 112% Dec. 29 80% Oct. 17' 89% Nov. 9 77% May 31 93% Nov. 14 Dec. 111% 111% 100% 100% 91% Jan. 6% Feb. 21 31 105 104 20 8 Feb. 5 12 110% Feb. 21 31 109% Jan. 5 31 100 Nov. 10 28 110% Dec. 19 Dec. Dec. 10 Jan. Jan. June 20 104 11 Oct. Jan. Mar. 9 Jan. 10 3 3 76 3 2 89 __ 10 17 Jan. 19 3 12 3 1 116 Apr. June 20 110 105 Dec. 91 17 101% Jan. 15 101% Jan. Mar. 31 1; 92 6 Mar Apr. 25 117 5 Apr. 26 114% Nov. 14 Apr. 28 60 Jan. 8 Mar. 29 8% Jan. 14 8 107 Apr. Jan. 18 June 14 4 80% Jan. June 24 5 75% Jan. 19 104% Dec. 108% Dec. 95% Jan. June 21 120% Jan. June 17 106 Jan. June Ill % Jan. June 13 15 13 94 Oct.. 4 14 105% Dec. 30 25 109% Jan. 6 19 114 Jan. 3 18 111% Feb. June 31 104 Dec. Apr. Apr. Apr. Dec. 103% 107% June Oct. Feb. Feo. 28 21 100% Jan. 94 July 21 106% Dec. 15 Jan. 31 4% Dec. 2 13% Dee. 112% Dec. 29 85% Dec. 31 Dec. }9&* 28 104 100% Apr. 110% Dec. 13% Dec. Dec. 89% 92% Dec. ^,104% Dec. 19 ~ Dec. 10 28 104 102% 76 5% ... 84 Sale 81 10 Sale 75 95% 74% Sale 93% Sale 92% 106 90 July Dec. 99 15 Sale 59 107 105 44 37% 46% 2% 84 112% 82 97 76 Sale 97 103% 73% 60% 54% 71 Sale 71% 69% Sale 102% ----- 04 Sale 93 Sale Salo 107 Sale 80 Sale 99% 26% 10( 94% Sale l88 99 19 22 21 Sale1 29 94% Sale 99% 100% 99% Sale 24 Sale 28 50 34 54 20 27 . 30 90% Sale 104 45 55 26 193^ 40% 15% 68% 42 21% S 119 1962 M 8 108% 1967 M S 1949 J 8 O J 9% 11 J J 1941 J J 9% 1947 J D 101% 100% 194 i .1966 A A O J 108 J ..... O 105% 10 Jan. 21 Jan. 21 Jan. 17 Feb. 28 Dec. Sale 22% 30 Sale 27 30% 27 sile 21 Dec. 2 Dec. 20 Dec. 30 7 46% Dec. 41 % Dec. 14 15% Dec. 31 108% Dec. 27 82% Dec. 3 3% Dec. 10 11 10% 23 ll6" 30 32% 14 12% Sale Sale 109% 94 97% 108 10% 11% ----- 5% Sale 7% .5% 6% Sale 35 »8 4% 4% 7% 5% 39% 9% 103% 74% 3% 64% Nov. 10 55 Nov. 22 Mar. 8 45 Nov. 106 9 18% July 19 108% Dec. 27 85 8 June 30 Jan. 10 6 32 June 43 Nov. 95% Dec. 29 97% Dec. 5 82% Apr. 98 July 28 69 77 Dec. 28 22 43 5 Dec. 52% Apr. 53% Dec. 29 67% Dec. 13 48% June 58 June 68 93% Jan. 3 Dec. 101 Dec. 59% Dec. 71% Dec. 12 71 % Dec. 12 103% Dec. 67 84 Sept. 26 93 Jan. Apr. 1 103% July 21 104% Dec. 91% Dec. 105% Dec. 92 15 10 99 50 Dec. 1 Dec. 72 Dec. Dec. 27 29 Dec. Dec. Dec. 26% 26% 26 % 104% Dec. 27 Dec. 24 29 Dec. 24 28 Dec. 22 27% Dec. 12 106% 27 Dec. Dec. 8% 30% 3% 5% 4% Dec. 28 Dec. 28 Dec. 5 Dec. Dec. 2 47% Dec. 28 42% Dec. 22 20 16 110 Dec. 6 Dec. 14 Dec. 23 Dec. 27 Dec. 28 Dec. 30 110% Dec. 27 12 Dec. 16 Dec. 30 30% 5% 5% 6% Dec. Dec. Dec. Dec. 14 1 15 1 Sale 105% 105% 105 104% Dec. 17 105% Dec. 2 Sale 105% 106 105% Dec. 1 106 1 Dec. 106% 93% 93% ." 60 88% 57Dec. 28 57% Dec. 28 15 35 7% 20% 3% 5% 4% 4 Nov, 16 Nov. 10 June 30 96 Nov. 10 101% Oct. 22 50% Dec. 1 25% Nov. 12 Jan. 32 Sept. Sept. Sept. Mar. Oct. Nov. 5 33% Nov. 10 33 % Nov. 10 33% Nov. 10 107 Aug. 10 105% May 14 Nov. 50 Sept. 28% Apr. 12 Sept. 118% Jan. 107% Apr. 108 25 4 95 June 24% 24% 24% 89% 103% Oct. Jan. 1J 2 28% Jan. 20 Jan. 50% Dec. 22 81 75 125 Mar. 92 94% Dec. 6 100 9 Apr. 71% Apr. 94% Apr. Dec. 21% Dec. 27 1 16 100 rl05% Dec. 9 94 12 108 Dec. Dec. 110 Sale 40 Dec. 104% 105 104% 103 % 104% 19% 13% 20% "39"" 48% 39 47% 7 55"" 38% 40% Sale 41% 20 Sale 16% Sale 15% 121% 122% 109% 110% 109% U0% 109% 108% 108% 108 9% 19 27% 29% 27 105 103 193V A Sale Sale 108 195* 1934 M Sale 55% Sale Sale 30 30 1948 97% Sale 28 M 80 35 Sale 58% 71% Dec. 42% Dec. 19 39% Dec. 20 3% Dec. 28 40% 78 28 1951 54% Dec. 22 105 N "~3% 4% 53 Sale 106 30 1952 41 46% 15% Sale 13 108% 108% 108 107% 108 •81 Sale 107 40 Sale 105% 92 1967 M S 30. 43 110 M N 1947 1 St Lawr 8c Adirondack 1st g 5a__1996 J 2d gold 6s 1996 see page 60% 105% 43 M N 1977 ... 1,086,000 Safeway Stores s f deb 4s 841,000 Saguenay Pow Ltd 1st M 4%a 155,000 St Jos at Grand Island 1st g 4a 88% Apr. 83 Apr. 110 195? 194" ser Gen mtge 5s series E_. Gen mtge 3%s series H Cen mtge 3%s series I. footnotes, 107 106% Dec. 29 106% Dec. 29 1950 D__ Rochester Gas & El 4 H» For Sale 105 1952 & coll trust 4s series A 724,000 *t*Rock!a Ark 8t Louis lst4Ha 37,000 ♦Ruhr Chemical 135,000 jmRutland-Canadian 4s stpd__ 21,000 ^♦Rutland R R 1st cons g 4%8_ ♦4%s stamped 193,000 icT.666 108 103% 106 195.* . {♦Rio Grande Western 1st g 4s. con 9 13 105% Dec. 30 16 108 Dec. 31 5 110 Dec. 27 19 110 Dec. 27 104 - 1953 ♦1st 104% Dec. 103% Jan. 103% Jan. 103% Jan. June 94 Sale 106% 104% 195» Gen 8c ref 4%8 series A Gen & ref 4%s series B S f 94% Dec. 94 97% May 99% Aug. 90 109 Sale Dec. 109% 110% 108 107% 109% 109% 110% 108% Dec. 86% Sale 83 Dec. 21 87% Sale 74 87% Dec. 31 114% 116 3 116% Dec. 116% Sale 114% Dec. 6 109% 95% Sale 94 Dec. 10 97% Sale 82 97% Dec. 31 103% Sale 104% Sale 102% Dec. 21 105% Dec. 16 89% 83 Sale 85% Sale 86 81% Dec. 13 Dec. 27 67 92% Sale 91 Dec. 21 92% 93 92% Dec. 75 1 93 91% 91 Dec. 21 93 92% Sale Dec. 15 84% Sale 81 Sale 82 76% Dec. 13 83% Dec. 27 65 115% 316% 116% 2 117 Dec. 19 113 116% Dec Sale 112% XJ3H 113 112% Dec. 27 113% Dec. 16 107 57 Sale 43% Sale 42' Dec. 13 57 Dec. 31 40 5 5% Sale 8 4 5% 4% Dec. 5%kDec. 31 103 103 Dec. 21 103 103% H)ec. 21 100 66% Sale" 66% Sale Dec. 14 63% Dec. 28 68 53% 64 62% 64 59 Dec. 28 62% Dec. 2 49% 61% Sale 50 "61% 63 57% Dec. 22 61 % Dec. 1 115 Sale 112% Sale 1 115% Dec. 23 112% Dec. 99% 107% 108% 108 108% 107% Dec. 6 108% Dec. 9 105% 107% 114% 107% 108% 107% Dec. 16 109% Dec. 7 104 43 1951 J ♦Rima Steel Dec. 28 Dec. 15 106% "12% Sale" 346,000 j 1997ij 2,834,000 Remington Rand MVD **74, S w W..1956 M S deb 4%s W W--1VOO Rensspilawr * Rensselaer 8c Saratoga 1st gu 6s. 194) VI N (^Republic Steel Cprp 4%s ser A. 1950 A O 539",666 1 Gen mtge 2,756,000 4%s series B—.....1961 F A Purch mondy 1st 2,368,000 5H* conv .-1954 lM N Gen mtge" 4%s 1,844,000 series C.-1956 M N 1,264,000 Revere Copper at Brass 1st 4%s._1956 IJ J ♦Rheinelbe Union • f g 304,000 J 7a.——1946 J 156,000 ♦Rhine-Ruhr Wat Serv 6a." f J 14,000 21,000 590,00( 1,107,000 46,000 488,000 5 106% 110% 110% 110% 1942 J 763,000 Read Co Jersey Cen coll g 4s " 93 20 22 100% Dec. 19 28 100 Dec. 19 16 99% Dec. 31 7 94 Dec. 28 103% 50% Sale 103% 104% 45 51% 6s..l942|J ^♦Providence Securities deb 4s gul957 M N improvidence Terminal 1st 4s 1956 M ° 994,000 Purity Bakeries Corp s f g 5s I94fcy Radio Keith Orph pt pd ctfs 2,944.000 94 Dec. Dec. Dec. Dec. Dec. 1977 - com 92 Dec. 105% 98% t"Postal Teleg 8c Cable coll 5s .1953 3 Potomac Elec Power 1st M 3%s_.1966 J Pressed Steel Car deb 5s ♦♦Debenture 95 Dec. 20 101 108 % 14,000 1,264,000 93% 104% Sale 106% 111 100% .......1974 stamped for deb 6s & 101 99% 102 101 100% 99 99 99 100% 100% 99 101 98% Sale 98% 96 Sale 99% Sale 95% 89% Sale 89 91% 94 106% 106% 107% 106% 108% 10% A J Portland General Electric 4%a..l960|M 1st 58 1935 extended to 1950 J Porto Rlcan Am 6s Sale S 55,000 F A 47,000 M N 1,044,000 J D 837,000 A O General 4 Hs series C 1,063,000 J 1977 J 20,000 Pitts Va at Char 1st guar 4a 1943 MN 90,000 Pitts at West Va 1st 4Hs ser A -.1958 D 1st mtge 4Hs 110,000 series B 1959 1st mtge 4Hs 455,OOu series C... 1960 36,000 Pitts Y at Ash 1st gen 4s ser A..1948 1st gen 5s series B 7,000 1962 4,474,000 220,000 288,000 11,000 13,995,000 788,000 170,000 115,000 Sale 80 % F 1974 120% 105 1952 J D 1943 M.N 3Hs deb 116% "5% 1956 J 1980 M Phila Bait at Wash 1st g «s General 5s Series B Gen g 4Ha series C Sale 113 95 O 1990 A Peoria at Pekln Un 1st 5Hs A...1974 F Pere Marquette 1st 5s series A—1956 J 1st 4s Series B 1st g 4 Ha series C 114 87 % 1984 J 99% 102 96 106 A 1981 103% 104% 1003* Sale 109% 110% 111% 90% 101% 100% 1968 J ...1970 A Gen mtge 4Hs series E Conx deb 3%a Sale 120 —1970 A General 4Hs Series A General 5a Series B Debenture gold 4%a General 4%a series D Peoria at East 1st O ..1948 M N ...1948 W N Stamped dollar bonds Gen mtge 3%a series C Consol 4Ha Issue of 1915 Sale ..... J A 1943 M N Consol gold 4a 895.000 4,721,000 514,000 166,000 262,000 585.000 3,918,000 2,427,000 2,081,000 2,419,000 5,042,000 3,200,000 8,000 211,000 100 S M J 1981 102% 103 A 1977 A at Lt 1st M 4Hs 150,000 Penn RR conaol gold 4s 103 104 M N ......1981 J 9,947,000 Penn Pow 102% 103% L> J .■ Penn Ohio at Detroit RR— 1st 8c ref gold A Feb. 4 47% Dec. 28 44% Feb. 18 20% 122 Jan. 6 Oct. 13 110% Dec. 27 Nov. 17 110 Dec. May 27 Jan. 25 Nov. 16 16 16% Aug. 22 35 Dec. 23 Dec. 27 10% Feb. 10 Dec. 28 12% Feb. 24 15 Feb. 23 106 100% Mar. 18 106% Aug. 4 Nov. 25 99% Mar. 31 106 106% 103 Apr. 18 109 Jan. 19 ----- v 57% Dec. 28 57% Dec. 28 Sales for 12 N. Jan. 3 7. STOCK EXCHANGE Ask Bid Bid Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 31 Dec. Dec. 1 1938 Bid Ask St Louia Iron Mtn Ac South— 1.510.000 1933 UN •♦River At Gulf DIt lit a 4a 63 h 60 17 ♦♦1st terminal Ac unif 5s mi 65 52 71% 35 20% 20 29% 20% 1952 1990 14 15% 14 61 35% 27% Sale 20% Sale 12% Sale 23 9% 8% 15 63% 36% Sale Sale 13% Dec. 31 7 14 Dec. 30 13% Dec. 30 Mar. 31 6 60 1 36 Dec. 8 5 23% Dec. 15 Dec. 86 Dec. 5% Dec. 8% Dec. 8% 14 6 Dec. 27 5% Dec. 24 6% Dec. 10 Sale fit Paul Minn & Manitoba— 137,000 98 116 102 tPacific Ext sterling guar 4s 1940 509.000 fit Paul Union Depot 1st 5s guar. 1972 101 711.000 82 % 109 H 110 109 4s.1943 461,000 f Sun Antonio Public Serv 1st 6s .1952 447,000 San Diego Cons g At £1 4a 1965 122,000 Santa Fe Presc At Phenlx 1st 5s..1942 25,000 {♦iSchulco Co guar 6^s 1946 224,000 ♦Stamped 29,000 ♦Guar sinking fund 6%a b 1946 140,000 ♦Stamped..................... u8k 119 San Ant At Aran Pass 1st guar mn m s 15 16 20 20 mn 87,000 Sclo Vail At n e lat guar g 4s 1989 a o 141.000 ♦{♦Seaboard Air Line 1st g 4s 1950 ♦♦Stamped 4s .............1950 a o 274.000 ♦Adjustment 5a— ...Oct 1949 f a 115 14 1959 ♦♦Refunding g 4a ♦Certificates of deposit— ♦lat At cons 1945 6s series a 29 28% 32% a2V/a Sale 34 30 116 6% 6 116 18 Sale 9% 8% 28% Sale Sale Sale 18% 7% 22 4H ♦Certificates of deposit 16 15H 15% 4> 16 14 Sale 8% 16 Sale 4:% 4% Sale 21 5 166,000 ♦Certificates of deposit 4.475,000 Shell Union Oil deb 3%s 503,000 Shlnyetsu el Pow 1st 6%a ♦♦Siemens Ac Halske ♦Debenture a sec s f 6h«- 4% 1951 M 1952 j f g 7s._1935 j ......1951 m 64,000 ♦Silesia Elec Corp 6%s 1946 394,000 Sileslan Am Corp coll tr g 7s 1941 1.751.000 Simmons Co conv deb 4s........1952 F S 98 H 64 D j 98% 60% 8 77 % 75 H 97 106 H 1,304,000 Southern Kraft Corp 4%a_„_.__1946 82 23 79 82 98 Sale 103% 106 % 118 South Ac Nor Ala gu 5s..........1963 1962 542.000 Southern Calif Gas4Hs ....1961 906,000 1st mtge Ac ret 4s ....1965 668,000 Southern Colorado Power 1st g 6s *47 Sale 80 97 H Sale 75% 21 61% a 2,052,000 Skelly Oil debenture 4s ...1951 2.777,000 Socony-Vacuum Oil deb 3%s..__1950 1,300,000 Southern Bell Tel At Tel 3%s 67 a o 110 107 Sale Sale m s F a 101% 102% 107 H Sale 107 H 107% j j 100 Sale j d 92 Sale O 97% d 66 % "8 _ 5 Dec. 6 2% Dec 6% Dec 5% Dec 8% Dec 7% Dec 16% Dec Sale 4% 6 4% 104% Sale 104% Sale 62 % Sale 59% Sale 5% Sale 15 5 5 27 5 3% Dec. 22 June June 16 31 27 Dec. 86 1 Apr. Dec. 27 5% Dec. 24 6 Sept. 28 9 27 31 Dec. 12 Dec. 15 Dec. 6 Dec. 9 12 Dec. 8 24 Dec. 5 Dec. Dec. Dec. Dec. 24 109% Apr. 11% July 23 9 4 Dec. 27 4 ----- 1 2 Apr. May 96 48 5 11% Nov. 12 10% Nov. 12 Jan. 3 22 3 June 5% Jan. 2% Mar. 26 10 *5 Nov. 10 105 Oct. 20 70% Mar. 16 3 Apr. Apr. Aug. 86% Nov. 12 Apr. 27 5 61% Jan. 20% Feb. 20 24 Jan. 31 90 79% Jan. 90% Apr. 79 74% Dec. 15 77% Dec. 21% 23 21% Dec. 22 22% Dec. 79 Dec. 12 75 79% Dec. 79% Dec. 98 Sale 96% Dec. 171 98 103% 103% 103% Dec. 12 103% Dec. 9 106% Dec. Dec. 106% Sale 106 111% 107% 106% 106% 106% 106% 106% 108 109% 109% 109% 110% 111 Sale 100 100% 101% 100 90% 91% 90% 91% Sale Mar. 26 5% June 18 5% May 27 * Dec. 31 Dec. Nov. 10 Mar. 14 18% Nov. 14 4% Jan. 4 8% Jan. 11 8 Jan. 11 2% Mar. 28 13 6 Jan. Mar. 14 32 9 117 30 20 17 13 25 23 30 May 25 May 16 May 10 15 1 108 17 27 25 25 21 5 25 97 Oct. 31 102% Jan. 25 4 109% Apr. 12 118% Jan. 4 45 Mar. 30 81% Jan. 2 6 113*32 June 109% Jan. 4 111% Aug. 11 Feb. 108 4 1 112% Jan. 104 Apr. Jan. 31 14% Nov. 29 20 7 Dec. 30 Dec. 1 75 Sale 67% Jan. 38 July 27% July 18% July 98 Jan. 9% Jan. 11 July 17 13 4% Dec. 15 3 9 104% Dec. 103% Dec. 3 58% Dec. 30 64% Dec. 4 2 20 11% Dec. 31 10% Dec. 14 18% Dec. 30 2 May 14 Dec. 7 19 13% Dec. 30 38 Dec. 29 18% 18% 3% 8% 14 Mar. 30 7 Dec. 30 Dec. 30 32 Dec. 15 17% Sale 3% 3% 8 % Sale 6% 8 10 % Sale 10 Sale 17 19% 4 2 28% Dec. 32 1935 Series b 30,000 16 6 8% ♦Certificates of deposit..... 312", 666 16 7H Sale m's {♦♦Atlan-BIrm DIt latg4s.Mayl933 MB {Seaboard-All fla lat 6s a 1935 2,569,000 28 20 h 25 3 4 o A 110% Sale 108 % 109 99 7 100 97% Dec. 115% 114% Dec. 27 116 56 Dec. 12 61% 65 61% 7 110 ® J2 109 1532ll25«2 110% Dec. 2 111 110% 111% 110% Dec. 3 110 108 110 108% Dec. 6 16% 17% 27% 16% Dec. 1 18 16 Dec. 18 22% 30 29 30 29 Dec. 21 98 115 Sale Sale Sale 14 2,193.000 2,118,000 234,000 8,453,000 1,998,000 251,000 *18** 60 110'aa Sale 112% 113% j j 58 100 Dec. 30 5 Mar. Jan. 10 13% Dec. 30 15% Jan. 12 13% Dec. 31 14 Jan. 10 Mar. 30 8 86 7% 7 13% Dec. 30 1 19 "t7% ""8% 7 25 Sale 5 Dec. 9% Dec. 8% Dec.- 90 100 15 69 14 11% Dec. Sale 13% Sale 56 Dec. 30 7 9 5 5 15 62 49% Dec. 27% Dec. Sale Jan. Jan. 64 8% Mar. 26 7 Sept. 28 8% Mar. 30 Dec. 27 9% Dec. 8% Dec. 9% Dec. 13% Sale % Sale 10 % Sale 9% Sale Sale 49% Dec. 23 Sale 13% Sale Sale 9 10% Sale 15,000 it Paul At Duluth 1st consoi 4s.. 1948 18,000 {♦lit Paul b Grand Trunk 4%s .1947 759,000 {♦St Paul & k c Short l guar 4%sl941 16% Sale Sale 14 16% Dec. 30 60 Dec. 3 62 18% Jan. 42% May 5 46% May 12 12 Mar. 29 49% Dec. 23 63% Dec. 30 1 Dec. 13 55 10% Sale 9% Sale 11 io2* 64 Sale Sale 13% 58% 13% Sale 12% Sale 731,000 {♦St Louis Southwest 1st 1 4s 1989 mn j 279,000 ♦2d Hold 4s income bond ..No? 1989 j ♦Gen Ac ret 5s series a 73 57% Dec. 10 59% Dec. 17 64% 62% 61 60% 60 67 80 Sale 65 ♦Certificates of deposit..... 48,000 260,000 {♦St l Peo At n w lat 5a 1948 j"i J 110,000 St l Rky m At Pac 5a stmpd 1955 j {♦St Louia-San Francisco ry— j 4,262.000 ♦Prior lien 4s series a. .....1950 j ♦Certificates of deposit...... 3,006.000 ♦Prior lien 5s series b.........1950 j"i 1,930,000 917.000 ♦Certificates of deposit....... ♦Con m 4 ha series a 5,704,000 1978 m S 3.824,000 ♦Certificates of deposit stamped 1,356,000 1,292,000 YEAR 1938 RANOE FOR PRICES IN DECEMBER Price BONDS Months 1938 39 EXCHANGE—BONDS N. Y. STOCK Jan., 1939] 4 64 Oct. 29 99% Nov. 1 Oct. 29 1 104% Jan. 103% Sept 27 108 Apr. 18 120% Jan. 18 110 Dec. 24 Dec. 5 Dec. Dec. 23 107 Dec. 23 110% Dec. 23 Dec. 15 101% Dec. 9 Dec. 10 Dec. 23 92 83 Jan. 4 108 Apr. 1 108% Apr. 14 110% Apr. 16 102 94% June 16 91 Mar. 101% 105% 106% 87% 4 Dec. 24 Jan. 18 Dec. 23 5 Aug. 11 Nov. Southern Natural Gas— m n 61 Sale 51 Sale 55 Sale m n 61 83 H Sale 50% Sale Sale Sale Sale Sale 82 68 87% Sale 54% 62% 84% 71% Sale 5 Dec. 23 101% Dec. Dec. 31 56 6 Dec. 9 59% Dec. 30 Dec. 8 54% Dec. 30 Dec. Dec. 31 55 5 Dec. 5 48 Dec. 54% Dec. 30 Dec. 30 21 63 57% Dec. Dec. 3 84% Dec. 29 86 64% Dec. 12 71% Dec. 30 83 Sale 80 Sale 83% Sale 79 Dec. 5 60 Sale 53% Dec. 5 73% 75% Sale 5 66% Dec. 2 69% Dec. 65% Dec. 20 58% Dec. 22 A 1,054,000 2,767,000 4,981,000 5,581,000 10,006,000 10,340,000 4,067,000 1,086,000 6,821,000 1st mtfje pipe line 4%s ..1951 Sou Pac Co 4s Cent Pac coll Aug. '49 j j j 6,270.660 j j 12,989,000 4,604,000 5,689,000 28,000 192.000 840,000 a..1977 1968 Gold 4%a May 1 1969 Gold 4%a 1981 10-year secured 3%s.—...... 1946 1st 4h* (Oregon Gold 4h* Lines) m San Francisco Term 1st f m ser f j j 4s....1950 a o 1955 4s stamped.... .........—1955 Southern Ry 1st cons 5s........1994 Derel Ac gen 4s series a 1956 Devel Ac gen 6s series a 1956 Derel At gen 6ha series a.....1956 Memphis DIt lat g 5s 1996 St Louia DIt 1st g 4s ....1951 Southw Bell Tel 3 hs series b....1964 South Pac rr 1st ref guar 4s 113,000 Tenn Coal Iron At rr gen Tenn 2,403,000 241,000 229,000 2,690,000 cot 5s.v.._1951 1,771.000 4,355,000 o 47 H Sale o 63 Sale 55% Sale 68% Sale a o 64 H Sale 71 Sale 63 78 j j j j j D J J 80 60 . 64 65 65% 65% 110% 111% Sale 104% Sale 107% 13% 16% Sale 104% Sale 105% Sale 84% Sale 78 Sale 105% 106H 58% 109% 102% 107% 15% 105% 104% 102% 103% 81% 106% 120H 122 121 125 102% Sale 93% Sale 103% 113% 114 102% Sale 102% Sale 96% Sale 108% 103 Sale 13% 16 101% 103 100% Sale 166% iiiii 58% 63 Sale 103 Sale 100% 48% 52% 48% 48% 110 Sale 102% 107% 106% 16 "3% 105% -j4% Sale 104% Sale 102% Dec. 83% Dec. 60 Dec. 73% Dec. 75% Dec. 65% Dec. 65% Dec. 5 112 30 Sale 86 Sale 107% Sale 30 ..1944 m deb 6s series b Tenn Elec Power 1st 6s series a..1947 j 8 D 81h 115 108 ..1951 ....1943 105% 2000 deb 3%s.. Texas Ac n o cons g 5s 115% Texas fk Pacific 1st g 5a Gen Ac ref 5s series c 1979 Gen ac ref 5s 1980 85 ser 1977 b ser dl. Pac—Mo Pac Term 5%a a--1964 M S J Third Ays 1st ref 4a 1960 j Tex o 1937 J 1952 J J 72% j 100 x Ays rr 1st gold 5s Tidewater Assoc Oil deb 3ha Tokyo Eloctrlc Light (Ltd)— 1st m 6s $ Series June 15 1952 j 229.000 Toledo Ac Ohio Cent ref At Imp 3h< *60 j 5,272.000 D D tol w Va Ac Ohio 1st guar 4s c..1942 m s 1946 j D 1949 m 8 50, 000 Tor Ham Ac Buff 1st 4s 19, 000 Trenton Gas Ac e'ec lat 5a 288, 000 Tri-Cantin'l Corp con? deb 5s ser a'53 66, 000 ♦Tyrol Hydro-Elec Power 7ha---1955 ♦Guar sec s 1 7s 1952 96, 000 Sale 84 Sale 60 J J 90 63% Jan. 63% Jan. 90k "85% 88 85 Sale Sale 88 104 103 % 117% 107% 108 102% 113% 104% 80 "93% 40% 6% 87% 105% 57 86% 115% 116 85 84% 83% Sale 85% 96% Sale Sale 90 Sale Sale 89% 85 Sale 84% Sale 97 39% 7% 88% 106 54% 88 % 98 Sale 55% Sale 60 Mar. 73% Dec. 24 Mar. 75% Nov. 10 20 31 Dec. 21 Dec. 28 Dec. 31 5 86 10 107% Dec. 16 102% Dec. 14 102% Dec. 14 9 96% Dec. 31 70 26 p 27 Sale 73 78 a Dec. 85 115 81% 81% 81% 96% 38 2 102% Dec. 5 114 12 104% 2 Dec. 30 Dec. 31 105 Mar. Jan. Sept. 103 Dec. 28 Feb. 102 Apr. 29 98 95 6 Dec. Dec. 9 125 42 53% Dec. 29 84% Dec. 20 58 Dec. 5 88% Dec. 31 6 Mar. 27 Oct. 7 98% Oct. 21 106% Jan. 14 70% Jan. 102% Dec. 109% May 99 May 114 Mar. Apr. June 71% June 104 June 24% Apr. 3% Mar. 90 71 45 9 Feb. 98 Feb. 11 108% Jan. 13 90 July 26 8 107% Aug. 81% Sept. 2 116% Jan. 12 88% Jan. 12 88% Jan, 11 87 July 25 Sept. 28 4 Dec. 103 June 28 13 Nov. 108 Feb. 95 Dec. 20 6 Dec. 6 Dec. 31 Dec. Dec. 23 3 Dec. Oct. 87% Oct. 21 May 31 46% Mar. 105% Apr. Apr. 116% Dec. 12 84% Dec. 13 85% Dec. 12 84% 9 98 Dec. Dec. 28 Dec. 7 101 Apr. 2 89% Dec. 2 107% Dec. 30 2 14 Dec. 21 100 Dec. 28 Dec. 26 Oct. 112 107% 19% 105% 105% 9 Apr. 90 Jan. 25 Nov. 10 July 13 June 27 106% Dec. 27 40% Aug. 3 63% Mar. 10 Jan. 8 84% July 21 102 50 May 6 80 3 103% 117% Apr. 22 121% 103 Mar. 31 110 97 20 June 28 18 July 1 96 95 May 26 inn "27"" Oct. 67 64 July 35 Apr. 106% Apr. 99% Sept. Jan. 101 119% Feb. 91 Nov. 12 Mar. 54% 57 62% 53% Dec. 27 53% Dec. 27 100% 97 Dec. 21 96% 97 Dec. 21 96% 99 121% 122% 123% 124% 7 Dec. 108 Dec. 19 110 108% 109 108% 111 M N 5 83% Dec. 30 45% June 26 7% Dec. 14 90 88% Dec. 19 88% Dec. 15 106% 104% Dec. 12 106% Dec. 27 Sale 5 15 Jan. 93 June 28 78% Dec. 106% Dec. 102% Dec. I'll" 113% Dec. Sale 102% Dec. Sale 10 63 24 126% 85 13 11 Jan. 83% Jan. 104% Jan. Mar. 30 5 105 Dec. 7 8 107% Dec. Dec. Dec. 24 16% Dec. 17 1 Dec. 27 105% Dec. 6 Dec. 14 105% Dec. Dec. 28 Dec. 12 103 106% Sale 107% 107% 106% Dec. 91% 91% HI* 115% 88 101 % 102 1950 a o 21,000 tol St l Ac West 1st g 4a 117 98 % 104 Sale 29 6% Sale Jan 1960 a ♦Adjustment Income 5a Sale 105 87 86 Gen ret 5s 100 106% 106 % Term rr Assn of St l 1st g 4%s-.193>. Texas Corp 97 6 11 10 76 30% Mar. 43% June 77 Mar. 52 Nov. 69% Jan. June 31% June 31 106 Sale 41 Jan. 102 35% June Copper a Chem— y 280,000 ♦♦Third 3,629,000 63 a First cons g 5s...... 1944 Gen ref s f gold 4s 1953 395,000 '1 exarkana Ac f s Ry 5%a a guar.1950 3.979,000 1,000 658,000 938,000 988,000 853,000 78,000 103% 92 % a j j 1st Ac ref 3s series c__ _.r 1,273,000 1968 1960 MN 1,069.000 s'western Gas At Elec 4s ser d j 506,000 {♦Spokune Internat lat g 5s.j..1955 j 373,000 Staley (a e) Mfg 1st mtge 4s 1946 f a 1961 j D 4,799,000 Standard Oil n j deb 3s j 15-year 2%s debs 1953 j 3,040,000 114,000 Staten Isl Ry 1st gu g4H>. 1943 .1 D .) 2,691,000 ♦Studebaker Corp conv deb 6s..1945 j 1950 M s 1,552,000 Swift Ac Co 1st m 3 237,000 100% 101% 100% Sale Sale 56 51% Sale 59% Sale 55% Sale 51 Sale 54% Sale Sale Sale 75% Sale 61% Sale Dec. 16 26 Dec. 16 26 Dec. 16 27 Dec. 1 76 108 Dec. Dec. 7% 115% 108% 110% 104% Dec. Dec. Dec. Dec. Dec. 76% Dec. 22 2 8 108% Dec. 2 10 Dec. 28 1 5 116% Dec. 19 109% Dec. 29 2 112% Dec. 27 Dec. 31 59% July 105 Jan. 7 July 115% Dec. 104% Mar. 107% Mar. 97 Mar. 114 Dec. 14 115% Dec. 24 Dec. 22 96% Dec. 27 109% Mar. 83% June Jan. 20 Jan. Nov. Aug. Feb. Jan. 26 30 12 7 17 * 488, 000 Ujlgawa Elec Power secured 7a..1945 1962 1.401, 000 Union Electric (Mo) 3%s— 126. 000 ♦{♦Union EIcy Ry Chic 1st 5s....1945 547, 000 Union Oil Gal 30-yr 6s ser a May 1942 1.668 000 3,537 ,000 3,475 000 488 000 1,105 000 1,196 000 M 72 Sale J a o 10^ "9% f a 117 118 j J 106 107% 4a.1947 J J 114% Sale 8 107 % Sale June 2008 m 8 114% 1952 3%s debentures Union Pac rr 1st At land gr g First Ac refunding 4a June 2008 1st lien At ri! 5s 1970 35-year 3%s debenture........1971 34-year 3 %s debenture m a o m n a o 654 000 United Biscuit (Amer) deb 5s_.*.1950 1,783; 000 United Clgar-Whelan Stores 5s..1952 a o 93 Sale 94% 92% 106% Sale 70 Sale 75% 81 108% 108% 108% 108 10 8% 9% 115% 116% 116% Sale 110 109 108% Sale 110% 111% 112% Sale Sale 107 105% Sale 116 113 115% 114 Sale 95% 96% 95% 96% 95% 95% Sale 108% 109% 108% Sale Sale 82% 83% 81 94 6 9 107 9 96% Dec. 28 94% Dec. 1 107% Dec. 22 108% Dec. Dec. 21 79% Dec. 12 86 82 103 June Apr. 69% Jan. 87 110% 10% 119 113% 114% 107% Nov. 10 Sept. 2 Nov. June Aug. Jan. Jan. _ Jan. 14 96% Dec. 27 96% Dec. 28 108% Nov. 21 116 Dec. 21 For footnotes, see page 30. \ N. X STOCK g-o BONDS $ ,480 Jan. 3 1953 m -67 216 e 1944 m 631 ,415 108% 194* j U S Steel Corp 3%s debs 650 ♦Sinking fund deb 414* aer A.. 1947 United Stockyards 4%s w w 1951 ,723 ,635 ,923 ,587 28 1951 ♦4^1 series C 27% 27)4 "86"" Utah Light 8c Trac 1st 8c ref 8s.. 1944 1944 Utah Power 8c Light 1st 5a_ 626 ...... .... 1959 Vanadium Corp (Am) con* 5s... 1941 a o Vandalla consol * 4s A 1955 F A Conaol 4s Series B 1957 mn j ♦♦Vera Cruz & Pacific 1st 4Hi... 1934 j 11 7 231 5 34 Sale Sale 30 29% Sale 87% Sale 50 % Sale 50 % Sale {♦Utilities Pow 8c Ltg deb g 5%i. 1947 ♦♦Debenture 5s Sale D ♦United Steel Wk« 8 *%• ser A.. 1951 233 456 171 77 24% 8 Ask 109% j M ..... 8 j 1934 ♦{♦United Rye St L 1st g 4a U S Pipe 8c Fdy con* deb 3%a.—. 1946 Dec. 1 1938 Bid United Drug Go (Del) 5* U N J RR 8c Canal Co gen <l 83 109 % 110 Sale Bid 71 Dec. 31 Sale Sale First cons 8 1949 m Valron Coal 8c Coke lot g 5s Va 8c Southwest 1st guar 5s 9 3003 j 5s.... ... 45 J 1958 A O 59% ,356 Virginian Ry 1st 8c ref 3%a 8 105 ,400 ,031 {♦♦Wabash RR 1st gold 5a 1939 m n ♦Second gold 5s .1939 F A j ♦1st lien 50-year gold term 4s. 1954 J 50 103 65 43 4 50 ♦Det 8c Ch B* 1st g 5s 24 ser A. 1966 M ♦Dee Moines Dly 1st g 4s ♦Omaha Dly 1st g 3 He ♦Tol 5c Chic Dlv 1st g 4s 1 9 ,760 ,631 ,989 ,371 ,354 ,419 194! j 1939 J j ♦Ref 8c gen 5s series D .. 194, 6s debentures Warner Bros Pictures 104% Dec. 105% Sale 49% 48% 48% Dec. 50 49% 48% Dec. 48% Dec. 48% 50 Sale 90 87% Dec. 92% Dec. 93% Sale 94% Sale 93% Dec. Sale Sale Sale 96 Sale 97% 57% 57% Sale Sale Sale 99% 100 104% Certificates of deposit. {♦Wan en Bros Co deb 6s M 229" 132, 131, 156, ,789, 315, 514, 566, 1st 40-year guar 4s Wash Wat Pow 1st ref 5a 67 67 Sale 57 Sale Sale 98 Westchester Light gold 5s 1950 1967 1963 M 1st mtge 3%s series I West Va Pulp & Paper 4%s ...1966 J J 1952 J West Maryland 1st g 4s 1953 A First 8c ref 5%s series A .1977 j West NY & Penn Gen gold 4s... 194? A ,399, ,741, ,367, 357, ,221, 342, 59, 321, ,078, 70, 403, ,868, 640, 46, ,151, 165, 359, 70, Western Union 4%s gold.. Gold 5s ser 70 A... 1946 M 85 Dec. 67 67 Dec. 31 Dec. 31 Dec. 28 100% Dec. 19 Dec. 8 106 108 35 65 60 % Dec. 10 ----- 108% 107 40% Dec. 100 80 Dec. 21 80 Dec. 21 57 Dec. 60 Dec. 62 105% Sale 2 108% Dec. 30 15 105% Dec. 16 106% Dec. 29 44 Sale 49 Sale 42 Dec. 49 Dec. Sale 29 Sale 23% Dec. 29 Dec. 31 35 25 20 "22% 17 27% 91% 38"" 44 10% 10% Sale 13% Sale Sale 13 Sale 10 Sale 12% Sale 9% 107% 66% 38 Sale 13 Sale 106 67% 63 50 Dec. 17% Dec. 28 21 22 Dec. 30 22 Dec. 30 Dec. 30 44 Dec. 44 Dec. 46 49% "23% 31 31% Sale 9% 9% 9% 9% Dec. 22 19 28 19 5 13% Dec. 30 13% Dec. 31 12% Dec. 31 1 13 5 Dec. Dec. Dec. Dec. 7 Dec. 31 1 Dec. 30 107% Dec. 107% 106 63% Dec. 30 66% Dec. 14 Sale 76 84 76 Dec. 30 78 Dec. 92% Sale 90 Dec. 93 Dec. 27 ...j- Sale W* 46 Sale '4Q 87% Dec. 14 43% Dec. 28 80 70 35 o Sale 121 % Sale 121 % 108% Sale 8 18% ♦Assented 47 89 Sale 48 35 12 1 50 ----- 109% 102"" 102% 101% 123 123% 105 l06~" 105% Sale 120 119% 109% Sale 110% 106% 107 106% 83 Sale 81 88 Sale 85% 89% Dec. 47% Dec. 1 2 Dec. 29 90 106"" 107% 106% 107 Sale 97 % j O 49 90 99% 107% 109% 105% 121% 102% 118% 107% D ,855, 730, 677, ,006, ,573, {♦Western Pacific 1st 5s 8 44 Sale Sale 1 Sale M 1939 Gen mtge 3%s West Penn Power 5s serlea E lb Sale 104 S A 57% 105% 2 Dec. 5 90 Dec. 31 1 96% Dec. 1 97% Dec. 56% Dec. 99 Dec. Dec. 78 A 1945 65 Sale Dec. 90% S 1941 M' 8 Warren R R 1st ref gu g 3%s__ ..2000 F Wash Cent Ry 1st g 4s 1948 Q Wash Term let guar 3%s 1945 F 107 % 10 117 'Sale 74% deb 6sl939 M 119 75 1955 cony 14 Dec. 31 116 Sale 16% 09% 67 Dec. 105% 49% 49% 49% Sale 39 Sale 102% 8 119 118 40 Sale 12% Dec Dec. 104% 49% 49% 27 12% 12 % 72 26 26% Sale "13"" 1986 Walker (Hiram) G 8c W deb 4%s.l945 Walworth Co 1st mtge 4a_. 1955 67% Dec. 23% Dec. 68% 108% 110 25 23% 94 25 Sale Prices 110 Sale 45 j 1941 A O 1941 m 8 {♦Wabash Ry ref 8c gen 5%s A.. 1975 M S ♦Ref 8c gen 5s (Feb *33 coup) B. 1976 f A ♦Ref 8c gen 4%s series C 1978 ,958 314, ,237, tl* Sale Highest Sale Prices 108 % 25 ... ,411 Lowest Ask Ask Bid % % j j ♦♦July 1914 coupon off.. Virginia Elec & Pow 3%s ser B_. 1968 M S 253 49 578, 26, PRICES IN DECEMBER Price fe-2 "S fe n. y. stock exchange EXCHANGE-BONDS 6 107 106% Dec. 102% - 106 120 Sale 107% 82% Sale 105% 119% 109% 106% 105% 120% 110% 107% Dec. Dec. Dec. Dec. 83% Dec. 77% Dec. 21 83 20 Dec. Dec. 5 Dec. 3 Dec. 30 Dec. 30 5 Dec. 1 J8 103% 104% 104% 111% 103 Dec. 16 404% Dec. 29 23 22H Sale Dec. 15 23% 20% Dec. Sale l Dec. Sale 23 Sale 20 Dec. 1950 M N Sale 58 Sale 61 Sale 47 Dec. 61 1951 J D Sale Sale Sale 49 Dec. 1960 M S 61% 60% Sale 47% Dec. •Westphalia Un El Pow 4s 1951 J J 23 21 23 61% Dec. 31 61% Dec. 31 2 22% Dec. West Shore let 4s guar 3361 j J Sale 75 55 Sale 48 53 Gold 5s Sale J Registered ..2361 I heeling & Lake Erie Ry 4s D..1966 M S .. W Wheel 8c L Erie RR 1st con Wheeling Steel Corp 4%s W 102% P A..1966 F A g 4s.. 1949 ser 107 Winston-Salem S B 1st 4a 1960 j n j o j {♦Wisconsin Cent 1st gen g 4s..1949 j j ♦Certificates of deposit... ♦♦Sup 8c Dul Dly 8c Tar let 4s. 1936 M N ♦Certificates of deposit Wisconsin Public Service 4s 1961 J {♦Worcester AConn Ry 4%s!94? J Sale 23 21 56 51% Dec. 47 Dec. 49 108 107 Dec. D ~"9% J 5 15 Dec. 31 55 Dec. Dec. 1 50 Dec. 8 108% Dec. 30 95% Dec. 1 94 95% Sale 93% 92% Dec. 101% 101% 101% 101% 6 4% 7% Sale 4% Dec. 101% Sale 101% 102 100% Dec. 93 92% 94% Sale 92% Dec. 109 109% 9% Sale 11% Sale 8% Dec. 8% Sale 14 8 Dec. 9% 5% 6% 5 Dec. 5% 6% 20 5% Sale 4% Dec. 108 Sale 107% 107% Dec. White Sewing Machine deb 6s...1940 MN {♦♦Wllkea-Barre 8c East 1st Cu g 5s 1942 I Wilson 3c Co 1st M 4s ser A 1955 J Cony debenture 3%s 1947 A Sale 61% 61% 21% 55% 45% 103% 7% Dec. 31 Dec. 28 102 94% Dec. 24 11% Dec 31 9% Dec. 16 6% Dec. 15 5% Dec. 16 108% Dec. 19 9% Voungstown Sheet & Tube— 905, ,089, • Ne ♦ Boi 1f Th impti Convertible deb 4s D( El P Flat Gooc Haci Repi San. 1961 m n btlity impaired by maturity, telling flat lowing bonds have been called for i their entirety: Crov 10 Deut 1948 M S 1st mtge s f 4s series C illamette Pap. 6s 1951, Jan. re- 1935, NTat. Gas 4%s, 1951, Jan. 16 at 105. 7s 1946, Jan. 1, 1939, at 105 Tire & Rubber 5s 1957, Dec. 30 at 102 ,ck Water 4s 1952, Apr. 26, 1939, at 105 Steel 4 %s 1950, Dec. 30 at 105 nio P. S. 6s 1952, Jan. 1, 1939, at • 106% 103% Sale Sale 109% 104% Sale Sale 105% Dec. 103% Dec. t The price represented is the qollar quotation per 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. 109% Dec. 31 104% Dec. 27 r Cash sales, only month, and not inclu x 1 1939 at Bank—Amer. partic. ctfs. 6s, !4, at 100. 90% Sale 110 t Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act, or securities assumed by such companies. a the Deferred delivery sales, only transactions of current month, and not included in year's range. Under the rule sales, only transactions of the current month and not included in year's range n Ex-interest. The following during the current e i in the monthly or ye No sales. z The following c transacted during th included in the mont No sales. I New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING DECEMBER Stock Sales Shares. December Jan. 1 to Dec. 31 In accordance with rule of the Stock Exchange, effective Oct. a Jan. 1 to Dec. 31___ 1938 1937 $217,609,000 1,859,865,000 December 28,422,380 409,464,570 27,492,069 297,466,722 1938 ^ Bond Sales 1937 1938 $197,999,000 2,792,531,000 3,1915, all stocks are now quoted dollars per share. Prices are on a basis of 100-share lots except in the case of stocks which sell only in a small way. disregarded in the month's range, unless they are the only transactions of the month, and when selling the month in which they occur. No account is taken of such sales in computing the NOTICE—Cash and deferred delivery sales are outside of the regular monthly range are shown in a footnote in for the year. range AGGREGATE In December SALE3 12 Months 1938 40 2,700 25,900 I,500 4,100 35,700 6,100 36,700 20 53,400 27,600 7,800 8,200 4,300 40,100 4,900 18,600 1,500 21,700 53,900 2,400 64,800 5,500 5,300 Abbott 4%% 19,400 13Y&QQ 57.9001 19,400 80 . 100 3,000 59% H 46 Addreaaograph Multigraph 10 ....♦ 49 1 Sale 63% Sale 65% Sale air Reduction Inc. Alaska 11X Sale 138,800 1,037,000 23,200 994,700 Allied Mills Co Allied Stores ""1% Sale" 13 11 11 13 _♦ Mfg * 6% preferred...... ...50 1 Corp. P Am Brakes 49% American Chain 8c 24% Sale 42% 48 Cable—* 14% Sale 95 Chicle—....... 150 92 5% preferred.........—100 American 173 167 * 100 Preferred 95 97% 30 xl22 "7% 153.800 Amer Crystal Sugar Co....10 11% 75% 4% 5,120 221,600 4,200 11,900 9,200 6,000 3,100 12.400 1,300 5,800 11,800 4%800 • 14,700 45,000 8,000 18,500 6,000 13,300 300 1,260 52,300 14,800 13,800 161,100 70 85,100 9,000 18,100 5,600 1,560 63,600 2,lo0 1,500 138,800 45,500 27,800 256,600 29,700 2d 8 300 25,300 200 215,700 1,600 9,600 400 * 6% preferred... 50 .... 1 • 100 fr% preferred Co.. .. American 68,100 7,700 92,600 29,900 25,800 595,800 92,300 250,000 23,250 235,800 1,162,900 8,200 110,900 148,300 693,200 8,000 4,663,200 28,500 107,700 3,840 Snuff Amer Steel Found ties......* Stores • American Stove Co Preferred . Amer Sumatra Amer Tobacco Telep St Teleg American Class B 100 .. . * .10" 31% Sale 8% 8% 25 144 60% 25 lf8* . *>% preferred... ..100 Sale 109% Sale 18% 16% Tobacco ......—25 .. Sale 175 Sale Sale Sale Sale 139 17% Dec. 14 17 Dec. 12 Dec. 27 70 Sale 66 Dec. 23 22 Dec. 28 2 54 Sale 45%.Dec. 13 23% Sale 20 112 125 117 122% 122% 118 15% 16% 7 8% "r7% Sale Sale 10% Sale 9% Sale 10% Sale 8% 67% 67% Sale 76% Sale 4% 4% Sale 9 8 6% 6% 500 165% 500 Sale 2% 3% Sale Sale 15% 19% Sale i?M 13% 4% Sale 14% Sale 7 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 4*0* 35* Sale Sale Sale Sale Sale Sale 73 33 51% Sale 133% 134 $5 prior conv pref.......25 Anaconda Copper 50 85% For footnotes see page 40. Hocking Glass Corp* $4.54 conv preferred-.....* 37% 7% 15% 101% Sale 7% 30% 34% 51 Sale xl8 Sale 110% 112% 113 38 Sale 58 Sale 33 Dec. 29 23% Dec. 30 Dec. Dec. 8% Dec. 13 Dec. 6 1 7 1 11% Dec. 1 Dec. 3 4% Dec. 31 7 Dec. 19 76 1 3% Dec 19% Dec. 31 9% Dec. 31 9 Mar. 29 8% Mar. 30 67% Dec. 29 2% Mar. 25 4 Mar. 29 9 Aug. 24 Oct. 13 Nov. 9 Dec. 30 Nov. 9 Nov. 9 Dec. 6 Oct. 21 July 19 Nov. 14 15 Nov. 14 16% Jan. 12 83 Jan. 18 6% Jan. 25 7% Nov. 14 22 7 Jan. Mar. 26 5% 5% 2% 0% July 2 Feb. 25 July 20 July 2 May 26 5 177 Jan. 22 2% Mar. 30 13% Mar. 29 Nov. 12 Dec. 9 1% 15% 7% 30% 78% 15% 4% 40% 120% 26% 6% Dec. 16 Dec. 21 Dec. 22 35% iB* 44 June 10 Mar. 31 1 Dec. 30 Dec. 14 Dec. 9 Dec. 12 Dec. 30 15 Dec. 30 Dec. 29 Dec. 29 Dec. 28 Dec. 28 Dec. 22 85 147 Dec. 7 8% Dec. 2 Dec. 20 Dec. 28 152 7% Dec. 27 9 11% Dec. 77% Dec. 28 83 31 . 10 86% 6% 39% 7% Dec. 15 33 5 z32% Dec. 52% Dec. 28 2 17% Dec. 36 Dec. Nov. 23 30 30 Mar. 29 3% Mar. 29 19 Mar. 31 16% Mar. 31 9 Mar. 30 148% July 1 13% Mar. 30 Mar. 29 Dec. 21 7% Mar. 26 22% Apr. 1 28% Mar. 31 103 Mar. 2S 45% Apr. 7 130 Jan.17 15% Mar. I 6% Mar.! 12 June IV4 31 Dec. Dec. 21 Ill 1 17 Oct. 2 2 5 Dec. Dec. 31 31 Dec. Dec. 15 21 33 2 Dec. 31 33% Dec. 6% Dec. Sale 1 14 Dec. 5 31 7% July 25 5% Jan. '12 5 12 40% Dec. 9% Dec. 16% Dec. 23% Dec. 103% Dec. 19% Dec. 150% Dec. 85% Dec. 88% Dec. 27 23 20 19 Dec. 31 Mar. 30 20 58 15 Nov. 14 99% Mar. 30 23 3 Dec. 17 2% Mar. 31 Dec. 31 16% Dec. 20% Dec. 15 33% Dec. 15 53 30% Mar. 26 1% Oct. 4 13% Nov. 26 4% Mar. 30 12% Mar. 29 Dec. 22% Dec. 15 73 5% Mar. 30 Dec. 31 Dec. Dec. 21 145% Dec. 21 81% Dec. 14 Sale Sale 6 Dec. 30 29 Nov. 9 16 150 35% Sale 57 53% 20% Sale Dec. July 31 19% Dec. 21 Sale 38 5 21 7 Nov. 31 82 91% 18% Sale 147 Dec. Dec. 63 46% Apr. 27 14% 6% Mar. 31 23% Mar. 31 52 114 Apr. 21 135 70% Jan. 3 105% 160% Mar. 30 176% 12% Mar. 30 34% 27 Mar. 31 57% 23% 9% Mar. 29 100% Jan. 24 117 88% Mar. 31 125 13% Sept. 15 20 9% 4% Mar. 29 Dec. Sale Sale 29 Dec. 31 Dec. 18% 150 16 Dec. Mar. 30 12 Dec. June July July 21 Sale 9% 54 Dec. 28 5% 2% 0% 8% 0% 90 Sale 10 19 Dec. 5 48 Sale 40% Sale 28* Anaconda Wire 8c Cable— Anchor 36 32 10 Dec. Dec. 2 129% Dec. 28 140 59 Dec. 28 61% Dec. 16 Dec. 31 xl43 Dec. 14 150 61 Sale Sale 13 15 28% Oct. 23% July 22 20 9 19% Dec. 67% Dec. 21 Sale 29 July Dec. 12 39 28% 78 Dec. 19% Dec. 28 30% Dec. 13 77% 6% ....100 May 27 Nov. 17 Sale 86 Lead 8c Smelt—1 55 6 Sale 88 Preferred 1 71% Dec. 23% Dec. 14 5% Nov. 15 158 Sale 32 Oct. 17 Jan. Mar. 29 9 32% Dec. 15% Dec. 10 Sale 162 Sale 14% rl9% Oct. 16 24 12 5 22% 3% Mar. 30 2 27 37 Am Amer Zinc, 20 10 30% Dec. 45% Dec. Sale 89 11% Apr. 1 1% Mar. 26 27 Dec. 17 Mar. 29 Sale Sale 19% Dec. 30 1 2% Dec. 9 Sale Sale 5% 34% Mar. 31 2 Sale Sale Sale 3 15 14 118% Dec. 13 23% Dec. 20 122 26 Sale 160 Mar. 31 38 Dec. Dec. Dec. Dec. 27 25% 1% r7% Sale 8% Mar. 28 4% Mar. 26 5 Sale Sale 3 14 10 15 Sale 7 Dec. 3 2 31% Dec. 7% Dec. 14 Sale 29 Dec. 17 26 14% July 25 13% Nov. 9 " 70% Oct. 28 55% Oct. 17 Oct. Mar. 31 197 Mar. 31 12% Oct. 124 Dec. 31 37 40 6 Dec. 31 Dec. Sale Sale 29 Dec. Dec. Sale Sale 31 Dec. 14 Dec. 9 Dec. 1 Dec. Dec. 28 5 Dec. 9 Dec. Dec. 13 Dec. 27 120 31 Dec. 31 7 7 12 12 12 14 12 26 15 15 Sale Dec. 18 2 9 43% 1% 13% 6% 24% 67% 14% 3% 59 32% 8% 16% 23% 103% 19% 148% 83% 86% 149% 1 Dec. 31 19 22 30 12 11 14 15 7% 30% 78% 15% 4% 6 15 14 28 12 ilM 14 4 28 13 8 Sale 80 22 Dec. Sale • 21 28 8 * 21 31 9 32 Sale 13 preferred Dec. Dec. Dec. Dec. Dec. 10 Sale $6 1st Dec. 27 Dec. Sale 162 Dec. 6 117 Dec. Dec. 28 xl22 4 Sale American Woolen 3 Sale 31 17 Dec. Dec. 7% Dec. 12% Dec. 12% Dec. Sale American Type Founders...* Wat Wks 8c El • Dec. 45% Sale 7 Sale Sale 14% 1 Dec. 15% Dec. 21 3 Sale 60 60% 56% Dec. 8 7 Dec. 24 7% Sale 5 51% 44% Dec. 51% Sale 5 130 131 132 130 Dec. 8 101 93% Dec. 100% Sale 174% 176% 171% Dec. 23 175 5 34% 27% Dec. 34% Sale 11X 61% 150 142% 146 * American Sugar Refining.100 135 16% 19,% 31% 52% 138% 60% 4% preferred...........100 American 23 72% 25 ... Sale Sale c Sale Dec. Dec. 19 23% Dec. 5 27% 9% Dec. 19 10% Sale xl80% Dec 8 193 12% 10% 10% Dec. 21 Sale 13% 11% Dec. 27 Sale 10 Dec. 28 11% 62 60% Dec. 28 64% Sale 44% Dec. 5 2% 69 Sale Dec. 20 20 Sale 21% - 20,600 rl9% 5% 39% 34% ...... 11 21 26 24,860 American Ship Building....* 1,321,000 Amer Smelt 8c Refining, Preferred lti 24,500 12% Sale Sale 16% 10 Sale Sale 158 193 Sale 38% Sale 120% 122 . Sale 61% 47% 4% ...100 American Seating Sale Sale 6% 829,300 American Rolling Mill.-...25 4%% conv preferred 100 70,300 ...18.50 82,800 Amer Safety Razor 110,400 10% Sale 26 ... 1,150 Sale 69% 15% — Preferred 27% 9% 14 Hide 8c Leather ..1 American Sale 8 10 Am Hawaiian Steamship 14 13% 13% 4% 30% 43% 1% —* 157,800 Amer internet Corp * 431,600 Amer Locomotive Preferred 100 48,200 * 198,100 Am Mach 8c Foundry 93,100 Amer Machine 8c Morals.. * 285,200 American Metal 5,300 6% Conv preferred 100 American News Co new 17,280 * 1,142,300 Amer Power 8c Llgnt $6 preferred.... 185,200 $5 preferred ... 23j.,100 2,058,200 Am Radiator 8r Stand San..* 841.600 7.500 3% 17% preferred A......—...* 50,400 Amer Home Products 64,100 American Ice 73,600 16,000 1,400 77,700 1,200 167 • $6 preferred 26,600 6% * .100 $7 preferred............ 103,300 1,730 2,200 45,700 II,000 25,800 3,400 13,900 European Securities 10 American Express Co 436,700 Am & Foreign Power 110 19,600 4,800 ...100 1st preferred 6% 12% Amer Encaustic Tiling.....1 Am Sale 48% x20% Sale 114% 125 10 .......20 American Colortype Am Com Alcohol Sale 19 57 165 101* Preferred Amer Car 8c Foundry.. 12% 66 130 11% Dec. 15 21% Dec. 13 28 Dec. 29 67% Dec. 15 1 Dec. 1 Sale Sale Sale 25 ... 46 Sale ""1% Sale Sale 46% 15 2 125 Sale 12% 11% Sale 115% 123 y. 70% Sale 100 5%% cony preferred Sale Sale 64% 47% 18 Nov. Feb. 4 61 19 123% Oct. 45 Oct. 30% Mar. 23 52 Jan. 28 June 3 12% July 6% Mar. 30 24 Oct. 14% Mar. 31 30 Aug. 16% Mar. 31 40 May 2 67% Nov. 1% July % Mar. 30 67 Aug. 3 68% Oct. 13% Feb. 8% Mar. 31 Dec. 95 Apr. 16 125 1 % Jan. % Mar. 31 6% June 17 17% Jan. 5 Mar. 30 17% Jan. 17% Jan. 5% June 17 7% June 18 21% Nov. 14% Sept. 26 29% Nov. 14% Aug. 4% Mar. 30 36% 5 Dec. Dec. 10 9% Dec. 22 Dec. 7 125 % Dec. 23 1% 14% 10% Dec. 19 13 9% Dec. 20 13 9% Dec. 20 11% Sale "42% » American Can 11 71% 23% 17% "II"" Sale' It b American Bosch 11% 16% 25% 10% 186% 18% 2% Sale Sale 9% 12 11 57 6% cum preferred.. ..... 50 Corp * Am Agrlc Chemical (Del)new* Amerada Bank Note 1% 13% Dec. 26% Dec. , 5 61% Dec. 10 % Dec. 21 27% 125 12% Sale 2% Sale 18 21% * 70,300 Alpha Portland Cement 81,200 Amalg'mLeatherCos.IncNewl American 15 159% Sale 8% 9% 12 X Sale 6% Sale 47 49% 46% Sale 100 Allis Chalmers 15 15 ~~7H "m • Inc Corp 5% preferred Sale Sale 1 60 40 67 Sale^ 10 123 5 Kid Co 15.800 Allied Sale 1 68 10 U(n Gold Juneau Sale 100 70 Albany & Susquehanna..100 407,600 Allegheny Corp.. * Pref series A $30 warr'ts .100 353,800 Pref series A $40 warr'ts 100 59,600 Pref series A $30 ex-war .100 53,700 $2 50 prior con* oref 35,400 221,900 Alleghany Ludl'm Steel Corp* 1 65,700 Allen Industries Inc * 182,500 Allied Chem 8c Dye 48,200 50.200 Sale 27 146,700 500 10* Sale 23 Highest Sale Prices 119% July Sale Sale 692,600 390 43 10 H 160 Am Coal Co of Alleg Co N J 25 11,800 48 x27 % Sale Lowest Sale Prices 57% Dec. 28 42 Sale 76.800 Air-Way Elec Appll Corp 70 Ala & Vicksburg Ry Co 16,800 15,300 35 Sale 376,400 "3",800 45 19 ....... Highest Sale Prices 35% Dec. 27 38% Dec. 28 10 Dec. 12 20 Dec. 19 58% 60% 57% 133% 118% 130 20 7,700 28,300 1,700 27.200 9,000 37,400 T 43 X Sale Ask * Adams Adams Millis 126,700 23,300 240,000 8,440 199,900 132,500 4,180 236,300 18,600 281,000 49,200 460,200 2,200 26,0n0 850 Co............25 Express • Acme Steel 342U00 37% Lowest Sale Prices 31 Ask Bid Bid 119 760 Abraham 8c Straus..... 300 11,100 37 X * preferred...100 conv Dec. Dec. 1 Ask Bid Par Laboratories 35,800 10,700 4,400 20,800 Jan. 3 1938 400 4,100 YEAR 1938 Price Shares Shares RANGE FOR PRICES IN DECEMBER STOCKS N. Y. STOCK EXCHANGE 58 Dec. : Dec. : Mar.; Mar i Mar.; 58% Mar.: Apr. 3% Mar. 130 6 Mar. 68 Apr. 3% Mar. 23% Mar. 4% Mar. 15 25 Mar. 15 21 May 57% Dec. 14 20% Dec. 14 13 113% Dec. 30 29 Mar. 10% Mar. 97 Apr. 9% Jan. 7% Oct. 7% Nov. 1% Nov. 9% Oct. 5% Jan. 4% Nov. 0% July 0% Jan. 3% Nov. 5 % J an. 8% Nov. 0 Dec. 18 17 10 10 13 12 12 20 12 9 11 9 2 1% Dec. 16 0 Dec. 31 0% Dec. 31 1% Jan. 18 9 Oct. 11 1 Jan. 11 7% 0% 0% 8% 1% Mar. Oct. Dec. Aug. Oct. 14 27 31 6 25 >2 Dec. 7 9% Nov. 14 6% Nov. 10 U Aug. 1 7% July 19 5 Nov. 9 9% Oct. 17 3 July 25 2% Oct. 17 i4% Oct. 31 !1% Aug.* 5 3% Oct. 19 32 N. Y. STOCK EXCHANGE—STOCKS AGGREGATE SALES In December 12 Months 1938 Shares PRICES STOCKS Jan. 3 Shares 2,500 1,900 4,300 20,500 14,700 31,300 1,130 13,600 686,850 48,100 1,000 264,300 75,300 95,000 30 1,200 58,200 7,000 32",000 5,600 11,700 120 600 700 1,000 120 90 Dec. 1 1938 Par Bid Ask Bid Andes Copper Mining Co..20 11 12* 16 A P W Paper Co ■ Archer Daniels Mid Armour (Del) 7% 24 95 Armour of Illinois... $6 convertible preferred. 1,600 67,200 6,000 6,300 110 66F Sale 43 Sale 46 92 50 74 55 Sale Corp 5 6* 3* Sale 85 Sale 58 57* 35* 74 8om 93 Sale 72 Sale 13,000 3,130 149,000 20 * 104 * Sale I?7 feale , 6* Sale Sale 7% Sale 41 * 40* 42* Sale tAuburn Automobile 8 43* 65 90 Dec. Sale 59 Sale 24* Dec. 5* Dec. 6* 12 Sale 111 Sale 43* 66* Sale 3 3* ..... Sale Sale 18 Sale 28 K Sale Sale 7* Sale Sale 4 144,700 Baldwin Locomotive Works V t c when Issued......13 1,139,400 Sale 13 Sale 17 Sale 94,600 32,600 5,100 1,240,700 Baltimore 8c Ohio 100 309,300 4% preferred .....100 15,000 Bangor 8c Aroostook.. 50 Sale 7* 8* 29* Sale 8 Sale 1,400 5% conv preferred......100 296,400 Barber Asphalt Corp.. 10 60,000 Barker Bros 5,680 5*% preferred... 50 90 Sale 19 Sale 370 15,100 3,700 410 62,800 13,300 958,000 Barnsdall 7,800 300 10 9,400 8,700 6,400 36,300 9,100 177,500 88,200 94,300 666,400 973,000 21,000 50,100 66,300 91,500 495,300 128,800 800 6,700 4,900 4,700 41,000 16,900 2/,200 1.000 290 74,800 2.700 702,600 31,410 1,100 290 12,800 30,300 Boeing Airplane Sale Co Bohn Alum Ac Brass ..5 • Sale 15 Sale 39* B Bond Stores Inc Borden Co. (The) Borg-Warner Corp...... Boston 8c Maine. Sale Sale Brewing Corp of America..3 Brlggs Ac Stratton » 8* Sale 19* Sale 22* 26 Bristol-Myers Co 5 30 Bridgeport Brass Co * Brlggs Manufacturing. ..* Brooklyn Ac OueensTransit.* 36 preferred » Bklyn-Manhattan Transit ._* 3* preferred series A * _• Budd * » 10 ...100 (E G) Mfg ♦ ..100 * Sale 5^f 7* 8* Sale 26 Sale 18* Sale 34 35 8* Sale 7* Sale 75 84 4* Sale 40 46 3* Sale • 26* Sale • Sale 1 • 17 Sale 1 2 Sale ..100 .....10 • 9,900 , /8.700 118,400 2,500 414,200 699,200 179,100 1,009,300 18 5 175.200 Byers Co 3 • Partlc preferred Byron Jackson Co 100 * 5% preferred .50 Callahan Zinc-Lead ..1 Calumet At Hecla Cons Cop .5 Campbell W Ac C Foundry • Canada Dry Ging»Ale 5 847,800 Canadian Pacific 34,700 Cannon Mills.A. 17,530 Capital Admin Co Ltd 33 preferred class A 1,300 Car Clinch F Ar Ohio J5 * c A..1 10 5 Carriers Ac General Corp 1 Case (J 1) Co ....100 7% preferred Caterpillar Tractor.. 100 • 5% preferred 100 Celanese Corp of America. 7% prior preferred 114,200 Celotex Corp new 4,370 5% preferred 3* 8* Sale 30* 36* 15* Sale Sale 47* 1* 6* 10* 13* 37* 7* 52 Sale Sale Sale Sale 48 Sale 29 Sale 4* 36* * 90 20 Sale 80 Sale 98* Sale 47 14 * 56 7,930 Central 111 Lt 4*% pref..100 100 25,800 Central RR of N J 32,9a0 Central Violeta Sugar Co..19 8,500 Century Ribbon Mills... » For footnotes see page 40. Sale 92 28 Preferred.... Sale 99* 100* 100 l©it 450 45 4 71,200 Central Agulrre Associates.* 376,000 Central Foundry Co 1 10 5* "14* Ry__100 Carpenter Steel Co 6,400 19 19 Calif Packl ng Corp. 430 Canada Southerf Ry Co.. 100 1,720 35,600 61,000 200,200 10,060 309,800 4,300 832,600 Sale 12* Sale 7* Sale 30 650 300 19* Co_.i7 5,200 3,000 - 17 j 5 ..100 . Bower Roller Bearing 0 89 1 Bon Ami class A Class 23* Corp...5 15* 7* 80 40,800 1,400 86,800 s'ale* IF 32,200 5% conv preferred 181,300 Butte Copper Ac Zinc 11,400 29,300 24* 66,000 Bush Terminal Co IBush Term Bldgs— Pref ctfs of deposit 8,040 138,600 Butler Brothers 2,240 19,300 6,700 280 Sale Sale 180,100 Burlington Mills Corp.. 395,000 Burroughs Add Mach 13,800 \ 7,400 Sale Ulaw-Knox 91,300 Bullard Co 39.900 ,10,100 Sale Blumenthal Ac Co pref....100 Preferred 7%.... 249,9F) Budd Wheel 244,000 Bulova Watch 17,800 5,700 11,300 8,900 290 Bendlx Aviation Corp 7,400 Brown Shoe. Inc 99,500 Brunswick-Balke-Coll 293,000 Bucyrus-Erle Co 3,150 7% preferred. 26,400 4,900 86* 194,000 Brooklyn Union Gas 12,100 290 Sale 740 BloomlngdaleBros.. 1,140 1,678,000 91,000 7,162 12,380 27,200 455,400 671,450 43,500 47,500 162,000 12,700 1,630 1,240 6,300 81,200 51,800 11,500 3,600 125,100 2,500 3,000 97 20 ... Sale 364,800 80 9,100 42 Sale 80 71,000 Sale * 50 108,100 Beneficial Indus Loan Corp.* 96,000 Best Ac Co 3,253,225 Bethlehem Steel Corp (Del).* 79,400 5% preferred............20 59,200 7% preferred 100 55,600 Blgelow-Sanford Carpet Inc * 74,000 Black Ac Decker Mfg Co * 6,500 700 15* 25 5 1.530,400 206,025 20,600 25,900 10*1 112 800 Belg Nat Rys part pref 14,500 6,900 7,900 28 Sale » 1.1,400 Beech-Nut Packing 60,700 Beldlng- Hemingway... 309", 500 24,100 Sale 100 370 Beech Creek RR Co 1,000 12,700 35 5 118,900 Bayuk Cigars Inc..... 1st preferred 1,400 38,800 Beatrice Creamery... 2,900 35 preferred w w 290 10,000 3,390 OH Co Sale ..100 62 Sale 3* Sale 102* 9* 13 6 6* 4* 6* 95 Sale IF 17* 19* 113 17* 95* 29* 115 Sale 30* 91* Sale 33* Sale Sale 114 Sale 99 Sale 120 7* Sale 73 72* 22* Sale 20* Sale 51* Sale 72* Sale *17* Sale 112 24* 22* 16* 9* 29* 85 29* 18* 19* 112 120"" Sale 75 Sale 29* 19* 55* I?B Sale Sale 17 19 Sale 12* Sale 26* 26* Sale 6* 6* 15* 31* 37* Sale Sale Sale 39 Sale 33 Sale 34* 22* Sale 14 Sale 18* 2* Sale 12* 7* 20* 3* 11* 35* 17* 20* Sale 51 Sale Sale 7* 22 Sale 12* 40 18 Sale 1 * Sale x8H 16* 17* 46* Sale 6 Sale Sale 49 Sale 33* 7* Sale 45 Sale 81* 19* 3* 88* 115 46* 104 22* 92 83 Sale Sale Sale 117 Sale Sale Sale 95 14* Sale 70 62* 21* Sale 4* Sale 111* 112 ?if 9f Sale 52* Sale 12* 13* Sale 100 6* Sale 46* Sale 4* 107 2* 96 4 x52 15 48 Dec. 19 27 Mar. 30 23 72 Mar. 29 72 Jan. 8 30 31 31 15 Dec. 2 Dec. 30 Dec. 15 May 12 28 22 22* Mar. 31 40 May 27 14 4* 6* 17* 101* 5* Mar. 31 Mar. 25 13 9 9 Dec. 21 95 Nov. 29 95 Nov. 29 44* Nov. 10 72 30 83 26 31 14 Mar. 29 68 Mar. Mar. Apr. Mar. 38* Mar. Nov. 77* Dec. 13 12* Nov. 12 75 Aug. 9 73* Sept. 8 39* Nov. 9 Jan. 14 Dec. 31 July 7 Jan. 10 Jan. 20 27! 12 109* Aug. 11 30 9* Jan. 10 26 48* Aug. 8 61 Dec. Dec. 12 36 125 Dec. Dec. 7 105 Dec. Dec. Dec. 9 4 Apr. 3 126* Dec. 7 8 Nov. 14 1 2 June 2 3* Dec. Dec. 2 Mar. 25 Dec. Dec. 3 28 Dec. 6* Dec. Dec. 31 Sale 21* 19* 51* 69* 16* 107* 20* Dec. 15 Dec. 21 Dec. 16 103 Dec. 50 Dec. 1 12 Dec. 3 24 Dec. 13 5* Dec. 12* Dec. 8 28 Dec. 35 Sale 9 20 20* 3* Sale 12* Sale 36* 36* 17* Sale 16* Sale 49* Sale 1 * Sale 8* Sale 17* Sale 18* Sale 46 42* 6* Sale ?"32 8 Sale Sale 1 Dec. 20 23* 90 18* 68 109 Sale 95 Sale 70 5 July 21 Juiy 19 Oct. 24 Oct. 20 Nov. 14 July Jan. 19* Dec. 102 9 Oct. 9 19 31 9 19 30* Mar. 12 117 Dec. 20 28 28 28 20 22 Dec. Dec. 13 28 9 Dec. 22 9 Dec. 43 Dec. Dec. 9 31* 21* 13* 17* 1* Dec. 27 2 Dec. Dec. 22 8 Dec. Dec. 19 8* 6* 18* 3* Dec. Dec. Dec. Dec. 11 Dec. 9 33 Dec. 15* 15* 48* 1* 7* 15* 17* Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 104 „Dec. 11 56 Dec. 1 Dec. 8 35* Dec. 29 16 Dec. 31 Dec. 30 Dec. 15 Dec. 1 Dec. 15 Dec. 7 Dec. 31 75K i!S IF 18* 33* 13* 11* 97 28 14 Dec. Dec. 1 Dec. 14 Dec. 7 Dec. 31 Dec. 7 Dec. 31 Dec. 31 5* Dec. 31 34* Dec. 15 Dec. 31 14* Dec. 18* Dec. 2* Dec. 7 29 1 1 12* Dec. 1 Sept. July 25 35* Dec. 29 30* Oct. 11 15 May 16* Mar. 1F 4 Dec. Mar. 26 IF 21% May 27 5* Mar. 26 757 2F Mar. 31 Apr. Mar. 26 Mar. 26 1 h Mar. 26 Mar. 31 6* Mar. 29 14* Mar. 31 1* Mar. 28 6* 5* 16* 2* Mar. 27 20* Dec. 1 15* Mar. 10 51 Dec. 1 45 1* Dec. 1 28 Dec. Dec. 1 6 1 106* Dec. 27 6 1 5* 8* 12* 37* May Mar. Mar. Mar. Mar Mar. Mar. May Mar. 5 Apr. Mar. 21 May 3« 63* 12* 2* 62* 98* 29* 100* Mar. Mar. Apr. June Mar. Mar. Jan Mar. Jan. Mar. 2 24 Dec. 15 9 Dec. 28 95 Dec. 6 82 12* Dec. 2 J8* 70 Dec. 15 July 12* Dec. Dec. 14 46 21* Dec. 90 67 Dec. 22 Mar. 99* Apr.' 6* Dec. 101 88 91 Dec. 28 91 Dec. 28 18 Mar. 31 Mar. 6* Dec. 31 3 Mar. 31 Mar. 29 Mar. 34 8 45 8* Aug. 24 16 Dec. 29 42* Nov. 10 2* Jan. 13 13 21 19 Feb. 1 * Mar. 25 3* Mar. 26 5* Mar. 30 20 22 12 Jan. 10 Oct. 25 28 18 21 19 IF 27 21 31 30 37* Aug. 26 40* Aug. 26 23 iF Dect 28 Mar. 30 Mar. 30 4* Dec. 16 12* Dec. 30 36* Dec. 30 28 28 5* Mar. 31 22 Dec. 15 Dec. 30 19* Dec. 14 8 45* Dec. 4* Mar. 2 5 Oct. 52* Dec. 14* Juiy 19* Jan. 36* Oct. June 29 6 107 Apr. Jan. 9 Dec. 2 IF 15* Mar. 82 40 20* Dec. Dec. Nov. 10 Nov. 12 May 28 9 ii!B 19 1 1 June Mar. 13 Nov. 14 i8* 37 1 Dec. Dec. Dec. 29* Oct. 17 9 24* Nov. 19* Nov. 12 1 Dec. 30H Dec. 29 17* June 9* Mar. 10* Mar. Apr. 6* Dec. 29 10 4 44 19 Jan. 78* Dec. 30 31 21 Dec. 29 16 5 x'32 Dec. 15 9 36* Dec. 19 10 Dec. 31 43 12* 9* 95* 5* 5* 30* 6* 40* 78* 17* 3* 85* July 83 39* May 30 48 Dec. 9 Sept. 15* Mar. 26* Mar. 20 29 Mar. 13 29 Dec. 29 1 22* Dec. Dec. 14 52* 13* 17* 33* 2* 26* 9tn 21* 1 18* Dec. 7 21* Dec. 5* Sale 9 3* Dec. 5* Dec. 31 109* 110 2 ^108* Dec. 19 111* Dec. Sale 9* Sale Dec. 31 9 6* Dec. 13 Sale 5* 6* 5 Dec. 28 1 7* Dec. 5 5* 4* 9 4* Dec. 4* Dec. 28 92 7 Jan. 11 Nov. 115 109 IF July IF Mar. Apr. 11* Mar. Apr. Apr. Apr. Dec. 29 34 21* Mar. 10* Mar. 9 Dec. Dec. 8* Mar. 21 86 ?F Mar. 12 6 5 Dec. 31 Jan. 29 44 40* 28 Dec. 1 80* 83* 21 82 Dec. 6 19* Sale 9 20* Dec. 19 3* Sale 19 8 3* Dec. 89* Sale 22 91* Dec. 30 116 117* 114 Dec. 28 117* Dec. 6 47* Sale Dec. 16 43* Dec. 28 48 107 98 Dec. 12* Mar. 5 30 Dec. 7 25 10 107 9 15* Dec. 5 29* Dec. 1* Dec. 17 12 Sale Sale 5 8* Dec. 21 Dec. Dec. Dec. Dec. Dec. Sale 9 117 23 1* 8* 11* 37* 14* 2 7 Dec. 29* Dec. Dec. 22 41 10* Dec. 19* Dec. 99 2 Dec. Dec. BOH Dec. 23 Dec. 2 Dec. Dec. 55 5 Dec. 78* Dec. 5 Dec. 18* Dec. Dec. Dec. 12 113 Sale 7* Sale 51* Sale 5* Sale 33 33* 28* Sale 14* Sale 18* Sale Dec. 31 7 82 Nov. 14 67 Sale Sale 96 Dec. 114 Dec. rl* 9* 95 Dec. 3 2 19 Dec. 43 Sale 17* Sale 30* 31* 13* Sale 11* Sale Dec. 6* 5* 36* 8* IF 36* 5* Mar. 24* Dec. 20* Dec. 28 29* Dec. Dec. Dec. 39* Mar. 33 Dec. 7 Mar. if 16* Dec. 17* Dec. zll2*Dec. 16* Dec. 115 5 4 20* Dec. 15 12* Dec. 29 Dec. 99 12* Mar. 30 2* Mar. 29 Dec. 31 9* Dec. 31 18* Dec. 10* Dec. 28 Jan. 17* Dec. 29 18 Sale 13* Sale 44* Sale 18* Sale 36 33* isH Sale 7 29 Dec. 42* Dec. 28 5 30* Dec. 8 25* Dec. 43* 34* Sale 28* Sale Sale Sale Nov. 29 Mar. 29 43 45 16* 31* Sale 5* Mar. 25 Mar. 30 15 24* Sale 30* Sale 34* 42 41* 2* Sale 11* 18 22 50 1F irA Sale Sale Sale IF 2l" 125 7 72 Sale 12* Sale Sale 114 Sale Sale Mar. 24* Mar. 2 15 7* Dec. July Mar. 3* Mar. 28* Mar. 72 Dec. Dec. Sale 50 82 20* Oct. 17 4* July 7 1 31* Aug. 8 14 122* Oct. 19 30 103* Oct. 24 7 26 July 19 72 Jan. 12 28 19 94* Jan. 31 26 59* Dec. 29 Mar. 31 13 Dec. Dec. 82 25 104 116 Mar. 31 Apr. 21 Dec. 90 Sale 34 113 Sale 10 Dec. 29 1 21* Dec. 107 29* 18* Sale 95* 99* 29* 47 w* Dec. Dec. Dec. Dec. Dec. 20* Sale rl2 20 26 35* Dec. 12* 6* 7* 24* Sale 113 Sale Sale 2 6 8 Sale Aviation Corp (Del) The 8* Dec. 8tH Sale 4 10 20 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 95 Sale 6* 3* Sale 2* Dec. Dec. Dec. Dec. 45* 66* 3 Dec. 1 Dec. 30 50 49* 9* 7* 73 94 125* ii* 38 32* Dec. Sale Dec. 4* Dec. 22 36 iF ' 27 16 19 3* 27 29* 30 122 Dec. 30 Dec. 27 103* Dec? 7 5* Deql 31 Dec. 21 46 De6. 31 100 37 103 Sale • Dec. Dec. Dec. Dec. Dec. Sale ._.* 13* 2* 26* 121* Dec. 5 .... $5 prior A Highest Sale Prices 68 105 Austin. Nichols 8c Co _..._.* Lowest Sale Prices 48 * Corp Highest 58 94* 39* Sale 63* Sale 26* Sale 6* 10* 22* Sale 108* 109* 1938 Sale Prices 70 100 5% preferred Atlas Tack 5* Sale YEAR Sale Prices 65 Sale 91 21* 162"" RANGE FOR Lowest 75 82 40 66 29* Sale • 67 70 31 36 ex-warr Sale Sale 51* Sale 311* Sale 9 7* 75 72* 10* Sale 70 2,500 25,800 96,600 39,900 6,860 839.100 200 4,200 103" Sale 993,300 Atchison Top A S Fe 100 124,400 5% preferred ...100 266,700 Atlan Coast Line RR 100 22,984 AtlGAc WISS Lines 27,400 5% preferred 100 391,900 Atlantic Refining 25 19,400 4% conv pref series A 100 370,700 Atlas Corp _5 38,600 6% preferred 50 30,800 Atlas Powder. * 129,500 12,700 32,500 1,500 1,300 42,900 102" 2* 28* 121* 101* 5 100 5% preferred 28 Ask Sale 15 Sale ....100 Artloom Corporation 510 Ask Bid 17 Sale 131* "97" Dec. 31 "32" 5 7% preferred Armstrong Cork Co Arnold Constable 3 26 119 100 pref 5 26 2* * 100 Preferred 160 7% preferred !.100 371,100 Associated Dry Goods 1 5,100 6% 1st preferred ....100 2,700 7% 2d preferred 100 10,500 Associated Investment Co..* 2,160 5% pref with warrants..100 18,000 IN DECEMBER Price H. Y. STOCK EXCHANGE 18* Dec. 2 4 Mar. Mar. Mar. Aug. 12 Nov. 25 14* Nov. 29 46* Nov. 29 23* Oct. 14 41 Jan. 24 14* 13* 100* 7* 54* 5* Oct. 24 Oct. 13 Nov. 17 Dec. Jan. 31 Oct. 11 19 39 July 25 29 Dec. 31 16* Aug. 6 22* July 25 3* Jan. 15 IF 24 5 June 30 July July 19 19 Oct. 17 15* Nov. 12 44* Nov. 10 22 July 25 24* Jan. 11 51 Aug. 8 iF Jan.10 Oct. 27 20* Aug. 24 21* July 22 46* Nov. 15 Jan. 10 42 July 25 8* Aug. 3 45 86 Nov. 23 Jan. 17 22* Nov. 10 4* Jan. 12 107* July 25 120 Aug. 4 58 July 25 106* Dec. 27 26* Nov. 9 96 Sept. 1 19* Dec. 15 72* July 21 28 Jan. 3 5* July 25 'IF Nov. 30 July 8* Jan. 6* July 104 Apr. 25 10 25 2 SALES AGGREGATE 33 n. y. stock exchange-stocks " Jan., 1939] YEAR 1938 RANGE FOR PRICES IN DECEMBER Price Jan. 3 N. Y. STOCK EXCHANGE 12 Months In 1938 1938 Shares Shares 270 10,400 1,700 12,800 5,000 20 90 50 9,000 700 34,900 580 2,181,700 32.100 500 41,100 900 98,200 2.148,300 201,700 350,600 90 990 . $2 partic preferred 77,900 ——* 2,249,03^ Consol Edison Co of N Y fnc * $5 preferred... 112,200 ...... * 94,600 Consol Laundries Corp.— 6 1,294, J 00 ConsoMdated Oil Corp. 71,800 Consol RR of Cuba 6% pf.100 63,200 Consolidation Coal Co rtc.25 35,000 5% preferred v t c 100 7,300 Consumers Pow Co $4.50 pf 800 1.400 21,800 21,300 27,300 4,300 373,400 Container Corp of America.20 * 541,200 1 .ontinental Bak clA Class B * 318,800 28,400 8% preferred....... 100 20 336,350 Continental Can....... $4.50 preferred * 15,700 95,700 Continental Diamond Fibre 5 53,250 1,100 12,500 20,800 256,100 87,200 482,900 5,900 2,320 20,400 700,200 601,400 60,250 15,610 212,400 6,200 213,100 847,100 500 10,800 450 25,500 570 17,000 18,200 28,200 328,300 80,200 370 120 16,200 3,400 1,400 8,100 300 58 "~8% Sale" 95% Sale 98 12 % 30 Continental OH of Del...—5 27% 8% 72% 64% 31% 35 Sale Sale 8ale Sale 29% 81 90 Sale 37 85% 93 7% Sale 1% Sale 39% Sale 5% 7 Sale 22 7% Sale 6 8% 17% Sale 7% Sale 66% Sale 72 70 ' 1% 5% Sale 1% Sale 22 96% Sale Sale 9% Sale 3% Sale 4% l!H 1?* see 1* 3% Sale 19% Sale 38% 50 47 Sale 1 Sale 8 S Sale 10 11* Sale r 33 83 Sale 16 4 22% 38% 105 Sale 107% 1 27% 70% 25 Co —.100 Crucible Steel of Amer Preferred ..... Cuba Co (The) • * * * * 5 21 7% Sale 34 32 28 37 33 9} Sale * 63 66 34 Sale 100 83 90 % preferred.—100 6% 4% Sale Sale Sale Sale —__—100 Preferred 27 8 100 10 50 Sale Publishing Co (The) * Preferred • Sale Cudahy Packing Curtis Corp... Class A Cushmans Sons 7% Sale Sale Sale "56% 105% 109 62% Sale 107% 109 Sale 10% 1% 46% y26% Sale Sale Sale Sale 7% 6% 25% Sale 8% Sale 74% I* 80 82 Sale 2 Sale Sale 16 9 102% Sale 18 Dec. 1 70 8 % 1% % 2% 8% % % % Apr. Dec. Mar. Aug. Sept. Mar. Nov. Dec. Dec. 26 Dec. Mar. 31 Dec. 30 Dec. 31 Dec. 1 Dec. 12 59% 107 11% 1% 45% 27% 2Stf 785* 84 9 Sale Sale Sale 37 115 26 7% 37% 34% Sale 116 27 Sale Sale 40 35 Sale 13% Sale 90 Sale 37% Sale 88 3% Mar. 30 May 31 Nov. 14 Dec. 30 25 5 Dec. 15 1 35% Mar. 31 7% Sept. 26 88% Nov. 9 13% Jan. 12 59 5% 75% 13% 6% Sale Sale Sale Sale Sale 83 Dec. Nov. 17 15 8 Dec. Dec. 14 Dec. 29 10 1 80 Dec. 30 Mar. 25 12 3 1% Jan. July 2% Jan. 3% Dec. 28 6 19% Dec. Mar. 29 118 26 77 70 Dec. 29 44 107 30 Dec. 23 1 Dec. Dec. 29 44 Dec. 23 60 Dec. 14 24% Dec. 30 6 129 Dec. Dec. 133% Dec. 14 Dec.. 23 Dec. 28 Dec. 15 3 Dec. 29 60 — " Sale 4% Dec. 6% Dec. 4% Dec. Sale 31 15% 15% 88% 13% 25% Dec. Dec. Dec. Dec. Dec. 1 Dec. 8 Dec. Dec. 29 7 Dec. Dec. 17 Dec. 30 7% Dec. 28 9% Dec. 30 7% Dec. 30 18% Dec. Sale 6 Dec. 61 Dec. 28 15% 102% Dec. 15 104% 35% 31% Dec. 105 Dec. 106% 25 21 Dec. 14 Sale Sale 70 22 P 4 Apr. Aug. 31 30% Nov. 9 15% Mar. 26 2 July 76 ii?H Mar. 31 3 Jan. 105% Mar. 30 8 57% July 976 May >5 Mar. 30 78 May 31 13% Mar. 31 87% June 29 20 June 24 9% Mar. 30 3% Mar. 31 4 Apr. 1 5% Mar. 25 21 16 Dec. 2 1 53% Apr. 9 Mar. 30 28 30 Dec. 6 25% Dec. 28 7% Dec. 30 5% Mar. 30 57 3 May 79 Dec. 8 Mar. 29 Dec. 2 Dec. 15 50 23 May 16 Sale Dec. 7 84 Mar. 28 Dec. 1 31% Mar. 31 Dec. 6 90 65% Dec. 19 69 56% Dec. 28 59% 108% 107% Dec. 20 108% Sale 58 Dec. 28 62% 109% 108% Dec. 19 110 Sale 8% Dec. 21 11% Sale 1% Dec. 12 A5/* Sale 42% Dec. 28 48 Sale 6 26 Dec. 27% 9 "64 % Dec. Sale Sale lH 9 Sale 87 Dec. Dec. £26 94% 23% 8% 74% 81% Dec. 27 Dec. 6 Dec. Dec. 2 Dec. 20 Dec. 29 Dec. Dec. 22 Dec.^ 8 Dec. 24 Dec. 22 Dec. 29 £93% Dec. 12 9 13% Dec. 95 Sale 2 93% Dec. Dec. 10 7 Dec. Dec. 1 Dec. 5 53% Sale 66% Sale 175% 177 47 175 r4% Sale 4 38 Sale 110 Sale Sale 87% Sale 94% Dec. 62% Dec. Dec. Dec. 35% Dec. 25 Dec. Dec. 7% 34% 37% 33% 12% 85% 36% Dec. Dec. Dec. Dec. Dec. Dec. Dec. 85 Dec. 105 % Dec. 6% J$ 68 15% 5% 47 7 Dec. Sale 62 Dec. Sale 12% 5% 43% 6% 25% Dec. Dec. Dec. Dec. Dec. 69 Dec. 17 Dec. 24 83 43 43% "24" 21% 23 24% Sale" r Sale 7% 6% 6% 17 18 17 16% 18% 8 7% 8% Sale 7% 110% 111% 107% 110 109% Dec. 3 6 26% Dec. 7 10% Dec. 76 Dec. 19 84 2% 12% 31% 102% 6% Dec. 14 1 Dec. 1 Dec. Dec. 31 1 Dec. 1 Dec. 15 29 Nov. 19 35% July 9% Oct. 83 Oct. IT 15 70 Oct. 27 59% Nov. 10 108% Nov. 21 64 Nov. 10 '•88 9 1 Mar. 29 Mar. 26 4% Mar. 26 Mar. 31 88% Apr. 16 2% Mar. 30 1 7 1 Dec. 1 10 Dec. 30 Dec. 30 1 Dec. 5 Dec. 5 Dec. "u Dec. W* 76 188 46 25% 7% Dec. 8 17% 9 Dec. 8% Dec. 22 111% Jan. 17 9 13 July 13 7 12 12 Oct. Nov. Jan. 22 21% Mar. 30 % May 26 21% Mar. 30 17S4 Nov. 28 Mar. 26 Apr. Apr. Apr. Jan. July 26 Nov. 12 (Dec. 31 July 25 ""Dec. 13 29% Nov. 10 12 1 70% Oct. 6 1 12 177 31 1 Mar. 29 Mar. 29 Mar. 31 8 Apr. Dec. 28 Mar. 31 Mar. 29 May 31 May 25 Mar. 31 8 Mar. 30 Mar. 30 48% Jan. 11 Dec. 8 Dec. 10 18 15 13% Mar 31 4% 13% 6% .52% July 25 Jan. 5 Mar. Mar. 31 Mar. 30 Apr. 13 June 3 14 56 Mar. 31 Apr. 11% 36% 3% 35% Oct. July 27 July 16 1 Mar. 26 Jan. 49 5 116 June 17 Dec. Dec. 15 Dec. 20 Dec. 31 6 Dec. Oct. Jan. 104* June 30 Nov. 9 6 72 19 36% Mar. 30 9% Dec. 15 36% Dec. 14 3% Dec. 31 31% Dec. 30 13 Dec. Nov. 107 2J64 Dec. Mar. 31 Nov. 14 86% Aug. 17 2% Oct. 24 1 12% Dec. Apr. 18 95% 9% May 27 17% 8% Mar. 26 26% 1% Mar. 29 2% 65% Mar. 31 103% 6 Dec. Mar. 30 14 29% Dec. 30 8% Oct. 28 14% July 6 26% Nov. 25 78 43% Dec. 31 27 28 9% Aug. 23 2% Sept. 14 2% Mar. 19 17 Oct. Oct. Dec. 1 Oct. 28 July 29 May 11 3% Dec. 3% Dec. 9 9 19* 30 Mar. 29 Dec. 23 10% Sept. 17 4% Mar. 29 55 1 Apr. 71 Jan. 5 17 \l'A 31 4 M Dec. 22 9 Dec. 30 6 1 27 18 22% July 19* 22% July 19» 98% July 25- Mar. 31 112% 3% Apr. . Dec. Sale Sale 14 10 27% Dec. 30 40 53% Dec. 31 10 £66% Dec. 30 £53 16 177 1 162 Dec. 28 4% Dec. 1 2% 10 19 38% Dec. 15 12 115% Dec. 6 85 20 5 26% Dec. 21% 1 9% Dec. 16 5% 5 42% Dec. 15 22% 10 38% Dec. 20 29 23 35% Dec. .6 25% 21 14% Dec. 29 7% 28 2 58 90% Dec. 9 43% Dec. 30 19% 9 90 Dec. 30 70 28 1 % Dec. % 9 6% Dec. 19 5% 16 1 3 5% Dec. 1 75% Dec. 58% 12 16% Dec. 31 24 1 6% Dec. 4% 12 47% Dec. 29 35 2 7% Dec. 30 3% 10 12' 28% Dec. 30 .2% 4 Sale Dec. 5 6 27% Sale llH 6 1 Dec. 29 Mar. 30 5% Mar. 1 Mar. 25 Mar. 22% Mar. % Dec. 8 Sale a 8 Dec. 27 115 1764 Dec. 26% Sale 9% Sale 41% Sale 40 38% 33% 33% 2 Dec. 7% Dec. 20 29% Dec. 31 8 7% Dec. 94% 16% 18% Dec. 28 21% 1% Dec. 28 2% 91% Dec. 28 102% 23% Dec. 43M 8 Dec. 24 "27% "28" 1*8 13 14 1% 92 8 Dec. 28 Dec. 23 6 4 9% 28% 101% 5% Sale 8% 3% 2% 3 3% Sale 19% 8 Dec. 31 Dec. 1 Feb. 60% Nov. 7 25% July 22 Nov. 30 129 3 142% Aug. 61% Nov. 12 976 May 5 17 Nov. 10 8 104% Dec. 39% Oct. 18 107% Nov. 15 29 Feb. 8 23% Nov. 10 8% Jan. 12 Jan. 10> June SO 13% Mar. 29 13 Jan. 45 Dec. 23 32% Mar. 29 27 12 Oct. 7 115 17% Dec. 14 17% Dec. 14 2 96% Dec. 13 28 9 19 Mar. 26 Feb. Nov. Nov. 106 15 Dec. 30 60 10% Mar. 26 5 Dec. 12 July 26 80 70 Dec. 23 113 Dec. 23 28 103 Sale 5 Mar. 22 Mar. 24 Jan. 7 12 Jan. Oct. 2 4% Dec. 1 23 Dec. 14 20 3 9 % Dec. Dec. 31 13 Sale 5 10 10 35 1 Dec. Sale 19 July 22 19% Dec. 29 39% Nov. 14 Mar. 30 9 37% June % Dec. 15 Dec. 14 92 % Sale 7 6% 16 Jan. 2 9 Sale Sale 1% Jan. 1% Jan. 15 77% Dec. Sale Sale 43 38 37% 113% 115% 112 113% 112 r9% Sale 9% Sale 8% 35% Sale 35% Sale 34% Sale 2 2 3% Sale 2:28% Sale 31% Sale 27% 25% 1. 9 Dec. Dec. 28 1% Sale 10% Sale 31% Sale 101% Sale 6% Sale 3% 24% 48% 64% 9 Dec. 8% Dec. 28 13% Dec. 19 2 11% Dec. Sale 10 10 Dec. 22 74 25% Sale 3 Sale 31 7 Jan. % 1% 1% 9% 14% 13% 85 6% Sale Sale July 47 9 Dec. 19 Sale 2 5% Jan. 15% July 16 70 Sale 95 f 28 65 9 Sale 23 17 15 % Dec. 15 112% 109 17 5 Feb. 23 6% Mar. 31 Dec. 22% Jan. 2 30 Sale Jan. 22 Sale 76 3% 3% Sale it* 5 14 Dec. 28 Sale Sale 12% July 20 48% Mar. 2 19% Dec. 29 37% Dec. 30 9 Dec. 1 sH Dec. 31 Mar. 19 13 6 30% 102% 6% n* pref.. 100 $8 preferred..—......—* 40. 2% 15% 35% 45% % it* 1* 1 9 7% Sale Sale 7 27 Sale Sale Cutler-Hammer Inc........* Stores Corp 28 67% Sale 1 1 June 35 Sale Sale 93 88% 15% Sale 77 ......... Curtlss Wright 60 2:57 % 177 23% Sale 91% 8ale • Cuban American Sugar 60 Sale Sale 4 22 70 110 7 97% 72 Sale Davega 16% 30% 69% 59] 164! 25 100 *14iy2 Dec. 31 54 79 Sale Sale ....... % 37 22 Dec. 30 27 4 June 14 Dec. Dec. 31 3 May- 6 20 % Dec; 30 Sale Sale Sale 6 18 1 6 4 33% Nov. 12 17 Dec. 15 22 Oct. 1 106 June Dec. 29 5 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 46 94 Dec. 29 Dec. 59% Oct. 12% Oct. 17% Mar. 31 % Dec. 12 2% 10% % % Sale 13 16% rl6% 16% 16% 92% 14% 20% 50 Cuba RR 6% 61 83% Sale 12% Sale 10% Sale 1% 8ale Corn Exch Bank Trust Co..20 page 16 21«4 Preferred. 2 55% Sale 25% Sale 21% 127% 125% 129% 125 Sale 132% Sale 129% Sale Sale Crane Sale 17 Sale Coty.Inc 7% 20 Sale 1000 1020 15% Sale 14% 103% 104% 102% 32% Sale 35% 105 106% 108 7 5 20% Sale 20 r21% 6% 5% Sale 9% 7% Sale 6% 8% 7% 96 14 Conv 5% preferred 25 10,000 73,720 Davison Chem Corp (The)-.l 3,260 Dayton Pr A Lt 4% % pre 100 For footnotes 127 a;130 60 Sale Sale 28% 338,000 Crown Cork A Seal $2.25 conv pref w w 6,500 Preferred ex-warrants 14,800 464,450 Crown Zellerbach Corp. $5 conv pref 9,240 469,800 10,300 64,400 17,130 170,400 7,210 62,700 210,300 95,400 2,808.400 1,202,800 1,230 1,030 188,100 22,700 72% 56% 22% 67 12 * Corn Prod Refining 26 Sale 3% Sale 69 Sale Sale 28 70 16% Rights Continental Steel Corp 41.200 • ' [12% 17% Sale 17% Sale 1 5% conv preferred 34,900 Cream of Wheat ctfs 67,400 Crosley Corp (The) 5,300 3,300 9,200 24,500 900 1,400 26,200 1,480 24,400 1,200 Sale Sale Sale 158,200 Continental Insurance..2.50 572,400 Continental Motors 25,000 63,900 . * _ 4,000 Conn Ry A Ltg 4H% pref. 100 692,100 Consol Aircraft Corp...—.1 49,600 Consolidated Cigar..... 990 7% preferred .........100 6,850 6%% prior pref... ...100 60,200 Consol Film Industry...., 1 62,lo0 4,500 Sale Sale Rights 196,600 Congoleum-Nairn Inc......* * 6,000 Congress Cigar 900 400 Sale s»i Commonwealth A Southern 25,800 Conde-Nast Publlc'ns 19,100 6,900 9.600 211,130 14.700 4,700 137,300 5,600 6,700 * Columbia G A El common $6 preferred ...... ..* 528.800 Commonwealth Edison Co. 25 3,600 j 113 57 % 5% preferred.......—.100 41,000 6% pref series A.....—100 1,600 5% preferred..........100 10 374,100 Commercial Credit 6,000 4H% conv preferred....100 370.900 Comm'l Investment Trust..* $4.25 con pref ser of "35..* 9,400 ——* 935,300 Commercial Solvents 200 291,900 16,100 87,600 222,400 37% Sale 21 118,670 System Inc class A..—2.50 Class B 2.50 39,700 * 51,800 Columbian Carbon ▼ t c 149,600 Columbia Pictures Corp vt c * $2.75 conv pref * 9,600 9,600 2,900 9,200 1,400 252,800 5,600 82 95 * Dec. 10% 44 105% 107 20 % Sale * Alkman 250 Colonial Beacon Oil Co 16,700 87 Special gtd 4% stock—.50 Collins A Sale Sale 26% Mar. 29 4% Mar. 30 62 65 * £31% 89% 85% Sale % Sale 8% 23% 38% Sale Prices Sale Prices 50% Dec. 31 11% Dec. 31 42% Dec. 16 45% Dec. 5 9% Dec. 12 Dec. 5 37 1 105 Dec. 31 Dec. 10 Dec. 24 10 Dec. 22 42% 5 38% Dec. 9 88% Dec. 5 Dec. 30 3% 20 94,010 Colorado Fuel A Iron Corp..* 13,300 Colorado A Southern... 100 4% 1st preferred.......100 11,709 4% 2d preferred —100 2,480 Columbia Broadcasting 2,710 1,290 Sale Sale 4% 6% preferred...........100 30 10,400 3,150 Sale 49 14 111 22,000 203,000 3,650 2,200 8,900 Sale 74% Highest Sale Prices 100% 103% 100 Sail4, 208,400 Cluett, Peabody A Co Preferred ..100 1,870 ♦ 93,300 Coca-Cola Co (The) Class A • 13,500 10 Coca-Cola Internat Corp—* 523,300 Colgate-Palmolive-Peet Co..* 230 Sale Sale 2'A 11% 12 % Sale % Sale % Sale 2% Sale 16% Sale 36% 39 45% 47 % % 1 % Sale 1 1% 9% Sale 13% 15 12 Sale 35 39% 81% Sale 10 Sale pref. 369,000 Climax Molybdenum Co 48,200 30,400 Sale 2* 56,800 Cleve Graphite Bronze (The)l 260 Cleve A Pitts RR Co 7% gtd 50 4,100 Sale 42 88% preferred-......-* pref ($2.50 cum divs).* ser Sale 11% Sale 35 % 33 conr 7,640 Cleve Elec 111 $4.50 50 Sale 9% Prior 7,200 43,900 (Chic Rock 1st A Pac 100 44,000 7% prefferred .—100 43,700 6% preferred ...—100 9,400 Chicago Yellow Cab ...—• 57,500 Cbickasha Cotton Oil—...It * 229,520 ChildsCo ...—25 3,070 Chile Copper.... 5 4,880,300 Chrysler Corporation... 87,100 City Ice A Fuel........—.* 9,400 6%% preferred—. -100 230 City Investing Co.—.—100 76,400 City Stores.. ........5 45,800 Clark Equipment 20 CCC&St Louis Ry 5% pf 100 9 30 Sale 41% 41 ._ 19.200 46 >3 10 31 14.110 (Chic A East 111 RR 100 31,200 0% preferred 100 78,900 (Chicago Great Western.100 73,820 4% preferred........—100 60,900 Chicago Mall Order Co 5 128,500 (Chic Mil St Paul A Pacific.* 174,400 0 preferred...........100 210,800 (Chicago A North West—100 Preferred —.—100 38,800 269,000 Chicago Pneum Tool _....* 4,410 "5",500 Sale .... 6,700 10,900 11,620 4,900 37,700 30,300 211,000 8,600 1,310 Sale 6% Sale 26 Highest Lowest Lowest Ask Ask Bid Bid 00 36 % ...... 101,300 2,100 9,100 8,600 9,900 1,000 4,300 18,100 370 Ask Bid 428,700 Cerro de Pasco Copp • 1 432,700 Certain-Teed Prod 46,420 6% prior preferred—-. 00 Champioif Paper ft Fibre Co 2,030 6% preferred.—... .10(1 80,900 Common * 14,700 Checker Cab 5 97,500 Chesapeake Corp * 860,300 Chesapeake A Ohio.. .25 Pref series A ......100 11,700 27,500 25,700 3,070 50,000 8,300 20,600 1,300 700 Par Sale Prices Dec. 31 Dec. 1 December Mar. 31 Mar. 29 Mar. 29 4 June 3 Jan. 58/ 42^ 117 \ 29 ^ 10} Dec. Nov. 10 Oct. 8 Nov. 12 Nov. 10 July 7 43% Nov. 12 40 Nov. 15 37% Nov. 14 15% Nov. 9 92% Nov. 16 44% Jan. 11 94% Jan. 17 1 % Jan. 7 13% Feb. 7 6% July 14 87 Jan. 3 21% July 18 8% Aug. 56 Aug. 7% Dec. 28% Nov. 11 10 30 16 25 83 50 29% 8% 17% 11% 111% Oct. Nov. Nov. July 5 9 20 Dec. 20 July 29 Dec. 6 N. Y. STOCK EXCHANGE-STOCKS PRICES IN DECEMBER STOCKS Par 61 25 * ............ ...20 Preferred Oetsel-Wemmer-GtlbertCorplO 554 Delaware Be Hudson 100 468 Del 8c Western Bid 27, 32 1, 12 15 .100 Detroit Edison 59 320 ♦ ♦ 32 * 18** 193* Dome * Ltd * 5% pref with warrants.100 Dixie-Vortex Co 280 18 ,600 89 10 5 Mines, Ltd. Dominion .... ......* Stores Ltd Douglas Aircraft Co Inc....* Chemical Co Dow 6** 6** 383* Sale * 90 Sale cl A..* Dresser (S R) Mfg cons 38 195 .... Class A 18 21 Class B • Dunhlll International.. Duplan Silk. 10 ...... 6% nonvoting deben 24 31 6 112 14.50 preferred .100 * Duquesne Light 5% 1st pf.100 135 Eastern Airlines Inc 132 Eastern Rolling Mills. 168 3 Eaton Mfg. Co. 149 969 851 9 4 ... ~ Sale Sale 3 Sale Electric Boat Sale A* Sale Sale 323* 5** 79** 132** 19 . 18 93* 173* 10** Sale 138 120 120** 119 116** Sale 163* Sale Sale 73* 1843* Sale Sale Sale 180 * (The)...5 Kltlngon Schlld Electric Auto Lite 8 175 25 180 Sale Dec. 22 113* 313* 173* 31** 5** 12** 343* Sale 154** 170 22 Sale Dec. 116$ 3 Dec. 6** Dec. 5 Dec. 31 42 Dec. 30 1 9** Dec. 1 223* Dec. Dec. 173 3** 33** 11** Sale Sale Sale 3** 34** 15** Sale Sale Sale 33* Sale 11X Sale 23* 103* Sale Sale 10 36 Sale Sale 34 Dec. 33 Sale Sale 32** 313* 13* Sale 32 2 Sale 26 X 30 Sale 253$ 3 3* 36** 15** Dec. Sale 23* 11** 383* Sale 36 Dec. 22 30** Dec. 283* Dec. IX Dec. 28** Dec. Dec. Dec. Dec. Dec. ,097, 291, 121, 63, 29, 169, 12, 4, 980, American Elec Power 8c Light Elec Storage Battery 51, * ... Elk Horn Coal Corp.....—* El Paso Natural Gas Co....3 50 Endlcott-Johnson —100 5% preferred Engineers Pub Service 35 14, 63, * ._.....—* * 97 preferred.. $6 preferred 17, 5, 133, 247, 157, shares.......... 1 * —* * preferred conv $5.50 preferred w w 36 preferred cum Equitable Office Bldg 18 44 55 54 Fairbanks ,5 Co 8% pref. 100 Fairbanks Morse k Co * Fajardo Sug Co Porto Rico.20 2, 36 preferred .......* Federal Mining 8c Smelt..100 Preferred 100 6, Light 8c Traction..15 — 127, 41, 76, 52, 14, 118, Federal Motor Truck — 3X Sale 7X Sale Jan. 5 42 Dec. 30 Mar. 30 11 Oct. Mar. 18 23** Nov. 10 91** Nov. 16 12 27 ** 4** 31 87X 15 6** 13* 8** 102 Federal Screw Works Federated Departm't Stores.* 4H% preferred 100 Fidelity Phenix Fire Ina.2.50 Filene's (Wm) Sons Co * 786, Fllntkote Co (The) Florence Stove Co Florshelm Shoe (The) cl A__* 6% preferred series A...100 First National Stores .* 10** Mar. 15 31 13** Mar. 2 6 4 **% conv 1, 7% 16 68** 28 ..... 19 893* 100, 8, 2H 30 89 Sale 143* Sale ...10 56 3X Class A...* 85 conv 36 pf..* Gar Wood Industries Inc...3 36 preferred ......_* Gen Amer Transp Corp.. 5 General Baking Co.........5 38 1st preferred .....* General Bronze........ * Cable ... 57 297 , 100 106 120 140 40X Sale 30X Sale * preferred A.. Mills * _• 6% preferred 100 General Motors Corp 10 Preferred (6)... Gen Outdoor Advertising. A* Common * General Printing Ink 1 36 preferred ...—..* General Public Service ♦ General Ry Signal » _■ 100 Gen Realty 8r Utilities 36 preferred Corp. 1 .......* General Refractories * Corp 6% preferred * ..100 General Tire 8t Rubber Co_.5 Gillette 8afety Razor ..* preferred..... * Dec. 1 30 50 503* Sale 118 11 29 X 101 703* Sale Sale 30 Sale 9X 49** 123** ±423* 7** 10** 103 107 IX 183* 85** IX IX Sale 99 Sale 103 .Sale 133 Sale 140 4** 17** 34** Sale Sale Sale 2 93** Dec. 5** Dec. 28 130 85 11 52 Dec. 31 30** Dec. 29 23* 4** 13** 14** 1 Dec. Dec. 30 Dec. 30 Dec. 12 Dec. 1 97 Dec. 16 63* Dec. 30 19** Dec. 31 51X Dec. 31 . 29 7 30 6 15 15 31 125 Dec. 40 45 39 2 127 Dec. 10 1 Dec. Dec. Dep. 1 Dec. 28 Dec. 24 40 Dec. Dec. 15 Dec. 24 63* 103* ' 63* Sale Sale 13* Sale 90 Sale Sale 13* 193* 393* Sale Sale Sale 24 Sale 28 Sale 31? Sale 153* 16** Sale 15** 18 153* Sale' 18 24 Sale Q 7** 50 Sale 52** 13 6 Dec. 15 1** Dec. 20 18** Dec. 22 333* Dec. 28 8 243* Dec. 9 x!4% Dec. 16 Dec, 16 17** 99** Dec. 23 100 Dec. 10 24** 6** Dec. 22 83* 46** Dec. 22 55 22 3X Oct. July Jnly 18 July ii* 97 19 7 20 Dec. 16 8** Oct. 27 ll* 10IH 1 130^ Mar. 31 Mar. 30 25 48 Nov. 9 Sept.29 Nov. 10 Dec. 7 Dec. 30 July Oct." 27 6 July 25 Oct. 27 Nov. 10 Nov. 7 Feb. 23 Nov. 12 Nov. 10 403$ Nov. 9 Apr. 17 Nov. 10 Dec. 15 Aug. 45 July July 12X July 101 Apr. 9 110 23* IX Dec. 28 Mar. 30 27** II* x85 Sept. 15 95 1 Mar. 25 3 Nov. 12 Nov. 25 ar. 30 Mar. 31' Mar. 29 Oct. 3 22 23 22 Nov. 10 ' 1 Dec. Dec. 31 3 13* Dec. 31 3 20** Dec. 39** Dec. 31 31 16 2 3 50* 4 Dec. Sept. 27 July 15 Nov. Mar. 30 25 Mar. 25 79 3 503* Jan. 118 Jan. 4 125 25** Mar. 31 53** W 90 12 Jan. Sept. 1083* June 28 117** Nov. 25 1 Dec. 22 Mar. 30 Mar. 26 Mar. 10 108** Apr. 2 85 17 5 22 AM _ 7** Dec. 14 Oct. Jan. 58 Mar. 29 Mar. 29 59** 11** 6** Mar. 31 115 Apr. 22 136 2 Mar. 31 53* 5 Mar. 31 19** 11 Mar. 30 38** 87 '35 Mar. 30 20** Mar. 31 28 5 Dec. 24 32 Apr. 82 15 Dec. 5 103* Dec. 31 109 IX Dec. 28 13* 5 203* Dec. 26** 20 29 Dec. 10 108 14 Mar. Nov. 14 Nov. 12 Mar. 25 109 Mar. 293* Oct. 28 91 Nov. 26 Mar. .41* Mar. 31 2*| Oct. Oct. Mar. 29 48 May 19 Aug. 10 July 25 July 1 Oct. it* Apr. Mar. 29 si* 22 Nov. 10 43** Nov. 10 31.** Dec. 31 2** Mar. 31 10 Oct. Oct. 15 Nov. 10 Nov. 7 26** Oct. 2** Mar. Dec. 17 1233* Dec. Dec. 28 423* Dec. i35 6J* Dec. 29 25 19** Mar. Dec. 30 44 121 50 25 2 12 Dec. 31 100 1** Mar. 44** Dec. 15 6 114** Dec. ,9 21 IX Dec. 31 77 2 79 78** 70** Dec. 123** Sale 122** Dec. 19 124 50 Sale 5 51 47** Dec. J!* Sale 18 1 Dec. 37 Sale 1 Dec. Dec. 31 Dec. 9 Dec. 1 30 Dec. 24 85 5!m 15 7 24 87 "233* 4 5 Dec. 71 127 Sale 99 J* Sale 90 Dec. Jan. 903* Oct. 15 136** Nov. 14 Apr. Dec. 31 Dec. 19 Dec. 21 Sale 20 9 , M 29 24** Mar. 10** Mar. 193* June 21** Dec. 16 Sale 105 10** Sale 9 X Sale 533* 59** 36 .§s* 9t$ June Dec. 31** 36** 19** 3** ?i$ 16** Mar. 29 66 15 113* Sale 7 Dec. 74 243* 17 15 76 23 3* 223* Sale -1 28 223* 44 IX Sale Dec. 27 Dec. 29 \l'A 12** Mar. Jan. 22** Mar. 243* Dec. 15 99** Dec. 21 70 Sale 90 17 1 Oct. 23* Nov. 67*1 Dec. 28 51** Dec. 31 9 Dec: 73* Dec. 13 101 6 102** Dec.' Dec. .52 Dec. 8 .59*1 Dec. 10 Dec. 83* Dec. 27 133 3* Dec. 29 135 Dec. 3 3* Dec. 5 4** Dec. 5 133* Dec. 17*1 Dec. 1 29** Dec. 34** Dec. Sale Sale" 7 Dec. 23 Sale Sale 13* 26** - 52** 96** 2** 1** 5 Dec. xl8 108 IX Dec. Sale 9** 50 70 Sale *123* Sale 263* 4X 9X 42 123 27 Dec. 28 43** Sale 403* 36** Sale 393* Sale 36** 112** 1153* 1123* 113** 114 3* 1X Sale ' Anx Sale 119 13 Dec. 24 ' 1** Sale 2 27 3X Dec. 19 103* Dec. 27 Sale Sale 59 84 127 Sale 13* 25** 86** 363* 22 Dec. 22 2 Sale Sale Sale 2 Dec. 24 27** Dec. 101 12 23* Dec. 13 Sale 100 Sale ' x43 2 51** 8** Sale 125 5 Dec. 40 63* 4 15 Dec. 5 Dec. 88 90 6 Mar. Dec 6 6 Dec. 30 Oct. 18 16 Apr. Apr. Feb. Mar. Mar. Sept. 19 Sale 70 24 General Gas 8c Electric cl A.* 40. 135 Sale Sale 5 3 Jan. 25 Mar. 16 19 28 Jan. 64 May May 16 1053* Dec. 16 108 3 28 23** Dec. Sale 95 29 X Sale 34.50 preferred conv 121** 1 Dec. Sale 4 53 101 Sale 35 Sale 2** Sale 73 Preferred (7) 35 8" 53** 9** Dec. Dec. 31 Dec. Oct. 6** Jan. Mar. Dec. Dec. Sale 123* 133* W 21 Gen Time I net rum 115 *99 4l'A Nov. 12 Oct. 1$ Apr. 1 Nov. 16 P 5** Mar. Dec.' 2 Nov. 10 27 72** Dec. 19 Oct. 26 Jan. 11 2** Mar. 30K Dec. 30 94 « Sale 12 28, Sale 1 15 jOK Oct. 84 7 21 120 &H Sale 24 X 96 375, 457, 95 40** Sale 62 25 31 Nov. 10 Dec. Dec. Mar. Dec. 27 33 19** 88 Sale 8** Dec. 31 Dec. 31 27 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 36 28 Sale 20 X 64 Gen Steel Castings 36 pref..* Gen Theatres Equip Corp...* 85 r 2 Dec. 28 Sale 34 Sale * ;__* 6% preferred 370 Sale 27 17 107** 108 Sale ...100 A Preferred 7% * 144 23* 3** 11** §14** |92 *6** 1513* «8* 90 Sale Sale Sale 318 5 General * 3 5** Sale • Gen American Inveotoro....* Electric...... 71 16** Gaylord Container Corp....5 5** % conv pref.. ...50 Foods 104 Sale Sale 2 22** 95** 393* 25** 33 3* 17** 2** Sale 23* 50 42** 28** Sale Sale Sale Sale 993* 4 28 2 Dec. 30 Dec. 29 25 Sale 100 11 17 17 4P Mar. Dec. Dec. 13 1 Sale 17** *42** Sale 87 76 46 3% 13 36 107** 25** Sale 2 1 General 96 99 r 3** Sale 100 General 23 2** .10 pref 449, 10, 262, 65 r24 97 Sale 18 General Cigar Inc ,000 Sale 243* 91 Sale ll'A Gannett Co Inc conv 23** 95** 413* 263* 30 Sale 88 35 19** 13 36 Sale Sale Sale Oct. 2$n Mar. 1** 1** 23* 1** Dec. 30 4 2 40 46 23* Dec. 28 9 13* Dec. 22** Dec. 23 843* Dec. 27 3 343* Dec. Sale 88 35 33 preferred .........10 Gamewell Co (The) * General Jy 26 18 36, 3, 339, 53, 7, r24** 86** Sale 35 Sale 13 64 19 Dec. 23 Dec. 6 Dec 4 Jan. tf> Feb. 123* Dec 107 30 46** Oct. July Mar. 79** Dec Sale 24 69X 115 4** 33* 13* 86 Sale 25 Dec. 22 4 Mar. Apr. 94** Apr. 2** Mar. 38** Mar. 97 34 * Gafr Co Inc (Robt) Class 3** 1** 107 "43* 21 60, 179, 1, Sale Ik 29 Gabriel Co (The) 71, 383, 115 Sale Sale r28** 14** Sale 81 84** Sale 22 X 275, 15 823* 17 Freeport Sulphur Co 1, 14 79 Dec Dec Dec Dec Dec 34** Dec Sale 63* 43 16 270, 96, 22, 1, 144, 5, 183, 70 105 Sale Sale 32 3** 11** 19** 13* 5** Sale 25 40 34, 10, 30** I? 2 Sale preferred........* conv 38* 2X Sale 3 3X IX Sale Francisco Sugar Co........* Franklin Simon pref ...100 2, Sale 28 Food Machinery Corp.....10 _ Sale Sale • Footer- Wheeler 3** Dec. 10 1** Dec 22 64 Dec 30 133* Sale 243* Sale Sale 17 16 10 27 Nov. 10 33 Dec. Sale 18 2 Dec. Oct. 14 Mar. 213* Mar. ** Mar. Dec. 2** 2X 4** 2** 16 253* Dec. 53* July 36** Dec. 15** Dec. 2** Sept. 6** Mar. 77 Dec. July 19 July 19 Dec. 7 8** Nov. 12 22** Mar. 14 12 15 Oct. 6 Aug. 16 Jan. 20 Dec. 29 Jan. 187 173 Jan. 30 15 42** Dec. 12 Dec. 22 111** Dec. 19 5 Dec. 9** Dec. 30 1 Dec. 23 68** Dec. 27 Dec. 20 19 Dec. Apr. 23 115 157 Dec. Dec. 29 Jan. 25** July 5 34** June 2 8** Mar. 30 .803* Jan. 27 141 Mar. 26 24** Mar. 25 14 May 6 19** Mar. 28 12 3** Mar. 121** Mar. 2 Dec, 24 90** Mar. 31 1543* Dec. 30 1303* Mar. 31 138** Nov. 28 109** Apr. 6 1 120** Dec. 3 1113* Jan. 3 1183* Dec. 133* Nov. 28 173* Dec. 19 IX Dec. Sale 4 Sale * 1 Foliansbee Bros 10, 30, 94 * Firestone Tire 8c Rubber—10 340, 60"* * Federal Water Service A 75 77- 17 35 Mar. 30 Dec. 31 33** Dec. 16 2 32** Dec. Sale 13* IX 4** 23* Sale 12** 20** 2?* Sal* 2t$ * 250, 27, 101, 31, 5, 51, 58, 2** Sale Sale "l% Sale" 87, 34, Federal Sale Sale 3** 73 Sale 2 ---3 Exchange Buffet Corp— 29 40 41** Sale 110** 110** xllO Sale 73* 66** 68** 65** 70 68** 79 IX \K Sale a 7k 40** Oct. 303* Oct. 1 23* Dec. 113* Dec. 30 2** Dec. 2** 67 Evans Products Co........-5 Ex-Cell-O Corp 75 2X Sale Sale 7 4% 1st preferred 100 4% 2d preferred— 100 Erie & Pittsburgh R.R Co..50 13* Sale 6X 9X Erie Railroad............100 Eureka Vacuum Clean 29 43 41** 110** 111 83* Sale 68** Sale 713* Sale 62 2 370, 18, 14, 203, 48 X 46 ..... 242, Sale 34** Sale 102X 104 4*2 Sale 0 31 9 10 21 24 6 3 Elec 8c Musical Ind— 121 20 9 Dec. Nov. Jan. Dec. Jan. Juiy 11 29 Dec. Nov. Jan. 65** June 17 8** Sept. 26 283* June 2 BS; ? 170 Jan. 17 5 5 19 25 25** 83* 2** 115** 43* 31** Dec. 10 Dec. 29 Dec. 16 Dec. 16 Dec. Mar. 30 25X Feb. 23 203* 2 178 Dec. Dec. Dec. Dec. 25 Dec. 15 Dec. 30 Dec. 27 Dec. Mar. 31 2** Sept. 7 43* June 11 30 15 Dec. 30 Dec. 7 Dec. 5 Dec. 3 Mar. 31 3* Nov. 16 1 73* Dec. 31 1843* Dec. 31 20** 2** 323* 103* 4 5 Dec. Mar. 30 76 Dec. 90** Dec. 12** Dec. Highest 7** Mar. 29 3 Dec. 30 Dec. 21 73* Dec. 35 Dec. 3 Dec. 5 35 22 Dec. 6 Sale Dec. 2 32** 6 Dec. 22 6** Sale 67** Dec. 5 803* Sale 1293* Dec. 28 141 183* 16** Dec. 28 19 Sale 93* 83* Dec, 28 14 Sale Dec. 17 193* 12 10** Dec. 10 11**' 115 108** Dec. 6 »110 Sale 1433* Dec. 2 1543* Sale 1353* Dec. 20 138** Dec. 14 120** 120** 118 Sale zll5**Dec. 29 118** Sale 14** Dec. 14 173* 12 Sale 159 Dec. Dec. Dec. Dec. Dec. 8 Dec. 12 85 22 9 Dec. Sale 32 Sale 3 25K Deck 31 Dec. Sale 20 146** 137** Sale 16 Dec. 8** Dec. 12 183* Dec. 27 110 63* 153 Sale bJS? 1}!* 15** 10** 103 X Sale 5 6% preferred...........100 1938 Sale Prices 133* May 27 193* Mar. 29 Dec. 30 17 12** • 118** 15** __.l Sale 12 193* 31** 53* 70** 134** 18** 112 42 41** 21** Dec. 15 25 90** r84** 111** Sale Eastman Kodak Co. of N. J-* 185 110 Sale 413* 3 41 Sale 31 1113$ Sale 132 X Sale 100 Du Pont de Nem 8c Co (EI).20 30 22 13 115 8% preferred 826 30** Sale Dec. Dec. 2 Dec. 31 Dec. 2 73* 26** 27** Sale 90 83* Sale 3 2X 1 Sale Prices 2** 83* Sale 28** 41** 9** 35 Doehler Die Casting Co Distil Corp-Seagrams Lowest Sale Prices 19 20** Sale 25 23** 243* 143* Sale 143* 243* Sale 20** 6 7X Sale 3* IX 1** 1063* 112** 113 Sale a Highest Sale Prices Ask 34 21** Sale 303* 31X 6** Sale 12 X Sale 68 X 75 15** 16** Pref__25 ,V» Sale 6 * 7. 80 ii 3 Diamond Match 6% 17 a 110 "33" Sale" 15 18 43* 100 * Participating Sale Sale 100 Diamond T Motor Car Co—2 Sale .213* S^le Devoek Reynolds A 32 95 20 243* 16** Sale Lowest 31 Ask Bid saie 95 Ry Co 100 Preferred.. 35 Bid Ask Dec. 63* Sale 1** Sale IDenm RIoGrkc Wei pref 100 Det olt 8c Mackinac Dec. 1 21H Sale 22 X Sale 50 Lack YEAR Jan. 3 1938 Deer© & Co RANGE FOR Price N. T. STOCK EXCHANGE Dec. 31 Dec. 15 Dec. 15 Dec. 23 Dec. 15 1 Dec. Dec. 1 133* Mar. 29 15** Mar. 31 13 Mar. 31 8** Mar. 23 14** May 23 98 9 June 1 Mar. 29 6** June 13 46** Dec. 22 July 7 Nov. 12 July July 21 25 26** Oct. 14 Nov. 10' Nov. 9 Nov. 7 Nov. 14 100 June 8 27** Nov. 9 11** Feb. 26 61 Feb, .26 II* $8$ N. Y. STOCK JAN., 1939] AGGREGATE N. Y. STOCK. I EXCHANGE Par Shares * $6 preferred. .... Gllddeo Go 4H% (The) con* preferred.....50 Gobel (Adolf) • - Goebel Brewing Co.....—-1 Co...100 * 62)4 Sale 8* §* 49 Sale Sale 17,300 6% 78 Sale Sale 1,770 157,100 20 13 11* 26 123 140 40 40 360 ' 42,200 3,050 234,010 16,500 383,400 7,700 1,630 99,700 Harbison Walker 6% it* 6)4% preferred w Hayes Body Corp.. 1)4 He I me • * Hercules $4 cony preferred..—-----* 6,400 Hlnde & Dauch Paper Co—10 13,800 * 234,000 Holland Furnace 3,310 $5 cony preferred..——..* 8 61,800 Hollander (A) A Son.. 83,400 Holly Sugar Corp —* 490 7% preferred .———100 .12.50 452,700 Homestake Mining * 21,700 Houdallle-Herahey cl A Class B * 475,700 16 19 25 Sale 100 9 Sale 20)4 Sale 101 53 21 Sale 25 854 Sale Household Finance- 23,400 10,900 661,600 48)4 Common stock-..---. 100 5% preferred Houston Oil of Texas y t c 25 Howe Sound Co —* 58,900 Hudson 8c Manhattan.—-106 15,900 5% preferred-.-———100 304,000 Hud Bay M & Sm Co Ltd..100 * 425,200 Hudson Motor Car 695,400 Hupp Motor Car Corp —1 174,400 789,005 79 Sale 83 654 Sale 42 1)4 4)4 654 1)4 Sale 154 554 Sale Sale 42,400 11,910 14,180 30,000 221,800 Industrial Rayon Corp..... * 64,000 Ingersoll'Rand...——— 1,460 168,700 1,238,400 8^,300 225,700 83,400 6% Inland tlnterboro Rap Tran—100 Interchemlcal Corp—* 6% preferred .—100 63,240 Intercontinental Rubber—* 179,000 Int Mining Corp—......—1 Preferred of Canada..* 100 & Power New...——————15 1,388,100 1,040,800 5% cony pref—————100 • 33,950 Int Rya of Cent Amer 5% preferred-—.——--100 14,260 19,100 International Salt—--—* * 42,400 International Shoe 35,200 International Stlrer—.—50 7% preferred —.—100 9,380 • 2,391,900 Internat Tel 8c Tel Foreign ohare certlfs...—* 414,800 * 210,200 Interstate Dept Stores Preferred 10® 4,500 20,810 Intertype Corp 1 29,000 Island Creek Coal 43)4 Sale 125 132 Internat Paper —— 500 <6 preferred—............ 1 — * 26,900 Jewel Teg Inc * 372,900 Tohns-Manyllle ........ Preferred ......—..100 3,890 37,600 fones 8t Laugh Steel pref. 100 29,530 Kalamazoo Store 8t Furn ColO 530 Kansas City Lt 1st pf Ser B • 134,600 Kansas City Southern—-.100 23,00J 17,000 1,300 4% preferred.——.—..100 Kaufman Dept Stores..312.50 5% conv preferred 100 ----5 35,700 Kay ser (J) 8c Co 550 Kelth-Albee Orphaum pf-lM Kelsey Hayes WheelConvertible class A— 1 87,300 Conv class B— 1 138,100 1,050 Kendall Co 36 pt pt ser A.—* t or footnotes see page 107)4 6054 30)4 40. 1754 Sale Sale 31 33 Sale 1654 15 Dec. 13 4 Dec. 14 33 )4 Sale Sale 48 Sale 2 654 Sale 7)4 Sale 30)4 Sale 3)4 Sale 39)4 Sale 21 Sale 32 Sale Sale Sale 16 65 6)4 Sale 7 Sale 9)4 Sale 70)4 Sale 9)4 21)4 116 10)4 Sale 16)4 118)4 7)1 124 Sale 99 Sale" Dec. Dec. Dec. Dec. Dec. 5 100 28 23 28 19)4 Sale Sale 15 17 Dec. 1 734 Dec. Dec. 6 5 454 Dec. 1 75 Dec. 27 1 Dec. 1134 Dec. 12 Ill Dec. 5 Dec. 10 161 Dec. 2 8 Dec. 27 17)4 Dec. 12 87 Dec. 29 2 Dec. 28 135)4 Dec. 20 7134 Dec. Dec. 28 5634 Dec. 7 10534 Dec. Dec. 20 Dec. Dec. 28 2 14 5 Sale Sale 10254 7)4 4654 1)4 5 Dec. 6 28 10434 Dec. 8 Dec. 9 2 Dec. 29 Dec. Dec. 5 Dec. Dec. 20 71 1 5 2 Sale 41 Dec. 12 Sale 8 Dec. 634 Dec. Dec. 11054 Dec. 44 Dec. 271 Sale 86 Dec. 16 H Sale 14 Dec. Sale 25* 122 7134 Sale 73)4 Sale 105 126)4 Sale Sale 27)4 Sale Sale Sale Sale 79 1034 2034 124 74 7)4 Sale 4)4 Sale 88 87 12 K 834 8634 13 Sale 93)4 12)4 854 90 Mar. 29 24 Nov. 16 24 Apr. 28 30 Nov. 12 30 Apr. 1 35 June Mar. 25 12 90 Mar. 31 2 101 15 Nov, 14 83 June 23 100 Nov. 12 15 Mar. 29 May 5 Dec. 2 Dec. Dec. 12 9 Dec. 29 Dec. 1 30)4 2334 8034 834 8)4 1234 Dec. 19 73 Dec. 1)1 8?* 140 10 14 14 1 Mar. 25 11)4 Nov. 30 Dec. 5 5 111 May Dec. 2 Jan. 8 161 Mar. 26 20)4 Oct. 25 Mar. 19 80 15 554 Mar. 26 1 1154 June 102 Mar. 16 1 48)4 Apr. 17)4 Mar. 31 Mar. 30 6 46)4 Jan. 83)4 Jan. 5 4 26 Mar. 31 3 Mar. 29 5 Mar. 30 )4 June 15 634 Mar. 30 12 Dec. 28 Dec. 31 5 Dec. 5 Dec. Dec. 10 19 fvX 35 2) 44 *130 48 141 Dec. 20 32)4 Dec. 24 6 3134 Dec. 9634 954 1034 15)4 Dec. Dec. Dec. Dec. 21 15 13 6 20)4 Dec. 24 3534 Dec. 30 44 28H Mar. 25 19)4 Mar. 31 28 June 42 Mar. 28 1 6 6)4 Mar. 30 7454 Dec. 17 2 106 Dec. Dec. 1 130 Dec. 12 Dec. 27 Dec. 27 100 9 15 14 21 Dec. 28 90 5 Dec. 28 8634 Dec. 13 Dec. 23 Dec. 27 Dec, Dec. 17 46)4 Mar. 30 4 534 Feb. 63 8 Dec. 16 9 13)4 Dec. 15 854 Dec. 31 86)4 Dec. 13 Dec. 30 Sept. 30 Nov. 12 Oct. Feb. 4 Nov. 16 Nov. 9 Apr. 25 7 554 July 1634 Nov. 12 3)4 Jan. 17 98 Jan. 17 Dec. 31 4)4 Jan. 11)4 Jan. 11 21 5754 Nov. 10 July 23 15)4 Nov. 10 52)4 Nov. 9 6 4834 3034 3554 3554 9634 1154 ii* 10 Mar. 31 June 17 Nov. 15 19 140 15 Dec. 22 Nov. 10 1154 Dec. 27 July 13 Aug. 24 11 Mar. 29 Mar. 31 Mar. 30 16 11)4 Dec. Jan. 254 Oct. 31 28 36H Mar. 31 Feb. 19 9 164)4 Oct. 9)4 Oct. Mar. 25 Jan. 25 Jan. 654 Mar. 31 132 27 15 10 334 Mar. 31 2 12 18 29 20 13 14 14 10 29 Mar. 31 185 May 27 70 Mar. 6 19 Nov. Nov. July Jan. Jan. 954 July 35)4 Nov. 7254 105)4 ^ 954 5354 354 1 26 29 7334 Dec. 19 99 ar. 10 Mar. 29 6)4 Mar. 30 2 Mar. 26 15 Mar. 26 Dec. 15 6 Dec. Dec. 31 2 Dec. 1 Dec. 30 Apr. 2 7 14)4.Dec. 6 Oct. Aug. 31 1354 July 25)4 Jan. 108 May 66 Aug. 35 54 Oct. 18)4 Oct. Mar. 29 1034 H54 Mar. 31 3054 60 Mar. 25 11934 Feb. 135 8 146 June 17 95 Mar. 30 1954 17 Dec. 21 71)4 Dec. Apr. Mar. 30 2 354 Apr. 23 Dec. 31 Dec. 31 Dec. 15 1 19 Nov. 29 Oct. 19 Dec. 27 Oct. 25 60 Mar. 28 10534 Dec. 14 Nov. 3 Sept. 28 40 14)4 Dec. 29 5134 Dec. 29 4 25 Dec. Jan. Dec. 29 4254 Mar. 31 87 12654 Jan. 19 135)4 Dec. 20 Dec. 7 June 75* 111* 7654 June Dec. 85 3454 July Apr. 3 4)4 June 50)4 Mar. 31 11 11 Jan. 7 140 120 1954 Dec. 14 21 120)4 Dec. 13 124 9 H8 June Dec. 6 Nov. 15 5 Mar. 30 1154 4254 2)4 3954 100 Sale Sale 8 80 51)4 Dec. 2 5654 Dec. 29 13354 Dec. 31 135)4 Dec. 20 Sale ' 9334 7 Mar. 25 •15 13H 234 2234 17534 105 Sale 95 6)4 July 14 3 16 65 Dec. 60 Dec. 12 Sale 63)4 Sale 1 1934 1934 Dec. 17)4 Dec. 28 18)4 19)4 Sale 7 12154 Dec. 7 12154 12154 Dec. 12154 120 Sale 11 Dec. 30 10)4 Sale 854 Dec. 21 934 2254 22)4 1754 Dec. 19 21)4 Dec. 30 19)4 Sale 2 19)4 Dec. 12 2154 Dec. 20)4 Sale 13)4 87 12 Dec. 64 99 10 Jan. 28 Mar. 28 1 93)4 Dec. 4 Dec. 27 1454 Dec. 29 1 254 Dec. 5 126 Sale 130 J* 12^ 31 Dec. 19 354 Dec. 14 Dec. Oct. it; 90 3054 June 30 Jan. Mar. 31 Dec. Dec. Dec. Dec. Sale Sale Nov. 14 13 9454 1654 534 9)4 Sale Sale 13 31 22 10 5 14 Dec. Oct. 4 Feb. Dec. 271 Dec. 15 3 Dec. Dec. 30 454 Dec. 734 Dec. 21 2 2654 Dec. Sale Jan. 32 1154 9 834 10 26)4 5 11934 27 18 July 754 Mar. 31 1 20)4 Dec. 24 3534 Dec. 30 5 Sale 2)4 Dec. 5 Nov. 12 Apr. 12 142 50 6 35 July 13 54 Mar. 30 28)4 34)4 Mar. 29 50 2054 Mar. 30 Sale Sale 15 19 Nov. 122 Dec. Dec. 24 94 14)4 12)4 Sale 5054 45)4 Sale 4 3)4 3)4 r40 40 42 29 Sale 3054 3154 32)4 30 Sale 85 87 93 9)4 854 Sale 9 54 Sale 954 15 Sale H* 73 • 79)4 76 10 10 11)4 20 20 H 21 Oct. July 24)4 Dec. 29 1554 Nov. 14 3054 Dec. 30 3 23)4 Mar. 30 7 1 May 1434 Dec. 23)4 Dec. Sale Sale Jan. 9)4 Mar. 30 1254 Mar. 31 8 23)4 Apr. Dec. 24 8)4 Dec. 30 148 5634 20 30 34 154 Dec. 20 133 54 May 26 5 Apr. 9 Sale *53 % Sale 132" 135 if* 5034 Dec. 15 2 154 Dec. 6 534 Dec. 2 2)4 Mar. 30 2 Sale 26 Mar. 31 Dec. 2)4 Sale 8)4 2)4 14)4 2254 234 Mar. 31 10 118 7 4 2 54 52)4 54 9 Nov. 18 31 32 Sale 15)4 6954 85 26)4 Oct. 17 6834 Dec. 7 Mar. 31 3834 Dec. 29 Dec. 30 June 17 108 Mar. 30 6)4 Nov. 14 Mar. 30 7254 Dec. 15 2 Jan. 12 Mar. 29 June 32 Jan. Sale 23 1 Jan. Sale Sale Apr. 154 Mar. 26 2)4 Sept. 26 60)4 Apr. 26 10 Mar. 31 17 8 Sale 37 98 1 6 34 Sale 1554 July 19 67 July 20 28)4 Nov. 9 51)4 Jan. 19 354 July 18 3)1 Jan. 11 Mar. 30 50)4 Dec. 19 9 1554 Dec. Dec. 6 6 107)4 Dec. 107)4 Dec. 6034 Dec. 10 6454 Dec. 30 31 Dec. 28 3254 Dec. 29 3334 2 14 Dec. 17)4 Dec. 30 Sale *69 13 Dec. 30 111)4 Dec. 21 1 934 Dec. Dec. 28 Dec. "6454 4954 Sale "11)4 13 1 9 120 20 74)4 Dec. Dec. 3154 Dec. 31 28 Ill Sale 101 31 Dec. 19 8 117 50)4 Sale 76)4 Sale 123 71 13 2 33)4 Dec. 12)4 Dec. 14 6 1634 Dec. 1 140 I* Dec. 30 Dec. 8 1 7 Dec. Dec. 20 Dec. 27 Dec. 30 138 71 68 71 103)4 105)4 103)4 107 8 10 29)4 3234 1054 1554 9 3?*4 31 30 Dec. 8 100 64 1 22 Dec. Sale 1 17)4 Dec. 14 Dec. Dec. Mar. 29 5 3734 June 18 2 5)4 Dec. 31 98 70 154 5)4 33)4 18 18 28 86 2 2 28 Dec. 31 25)4 Dec. 7 41 Dec. 7 40 Dec. 8 22 Dec. 14 1934 Dec. 8 *1254 Dec. 15 11)4 Dec. 1 1)4 Dec, Vs Dec. 16 Sale 104)4 Sale" New 200 Sale 13 2 Dec. 5 Dec. Dec. 27 25 Sale Dec. 16 185 Sale 55 Dec. 28 61H Dec. 29 16454 157 159)4 158 164 Sale 5 6)4 Dec. 754 754 Sale 6)4 Sale 334 254 Dec. 22 3)4 Sale 3)4 354 8)4 754 Dec. ■28 854 854 Sale * 1,036,400 Inter take Iron.. 107,600 Internat Agricultural— Prior preferred... 100 31,800 * 70,000 Int Business Machines • 796,800 Internet Haryester,.— 7% preferred 100 10,950 541,900 Internet Hydro-Rlec Sys A.25 119,700 Internat Mercan Marine....* Internat Nickel Sale Dec. Sale 5 Inc.—.1 5,430 2,716,410 5,800 40 Sale 20 2354 Dec. 22 13654 Dec. 20 Sale 454 754 9)4 Sale 28 2754 Sale 9154 93)4 Sale 3)4 354 4)4 1454 1354 Sale 254 254 Sale 23 2554 2434 176)4 Sale 185 60)4 60)4 Sale Copper—20 Insuranshares Ctfs 72)4 Sale 8654 Sale 1554 Sale -* Steel Inspiration Cons 48 Sale 132 134 133 13254 134 55 55 57)4 58)4 56)4 10354 104 H Sale 10354 105 21 1734 18 20)4 19)4 4454 5054 Sale 4754 Sale 109 113 107)4 109 108 754 9)4 Sale 9)4 Sale 1234 14)4 Sale 1554 Sale 150 preferred.—-—-100 Sale 137 23 134 12 18)4 2654 2454 1554 3054 2854 142' 13 12 19 105 20)4 15)4 Sale 35)4 2454 Sale 41 43)4 r43)4 8)4 9)4 1154 754 8)4 rl 2454 2554 Sale 111 Sale 119)4 100 4% pref series A..-----100 Leased line 4%.—---100 RR sec stock ctfs sat A 1000 Indian Refining—. ...—10 Illinois Central Sale 5)4 72 74)4 7234 334 3)4 Sale 10534 10754 Sale Sale 11 1034 110 11034 105 15934 158 1434 16)4 Sale 158 41)4 50)4 84)4 Sale 22 1834 19 98)4 31)4 138)4 r554 11)4 105)4 16 Dec. 21 5 Sale 100 4)4 Sale 129 5)4 1554 102 52 14 12 75* L25 1 32)4 138 Motors—.....—* 19)4 12 H 30 28)4 —25 100 * 148,050 Hercules Powder 4,480 6% preferred...——..—100 * 6,600 Hershey Chocolate..... 21 100 98 100 w—-.100 —2 (G W) Sale 28)4 33)4 1154 16)4 Co—.......—25 Products Corp 1 7% preferred.....— J 454 Sale 21)4 19)4 Hazel-Atlas Hecker 38 Sale 15 —1 A Sale 12 40 2754 41 35 20 54 preferred---—-.—-100 Hat Corp class 2354 Dec. 14)| 29)4 25)4 Sale — Refrac 13 Sale Sale 135)1 7)4 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 3 Sale 18)4 26)4 24 54 49)4 14)4 Dec. 30 6034 Dec. 3 25)4 Dec. 15 48 Dec. 7 2)4 Dec. 7 254 Dec. 31 78 Dec. 7 25 Dec. 15 68)4 Dec. 7 3834 Dec. 29 108 Dec. 30 554 Dec. 7 7254 Dec. 15 154 Dec. 1 21 22 28 20 28 28 Dec. Dec. Dec. Dec. Dec. Dec. Sale Sale Dec. Dec. Dec. Dec. Dec. Dec. 6)4 134 10)4 1654 23)4 2254 Sale ii* ll* —25 6% preferred...— Cs Z* pref 1*L 7)4 654 Sale 1)4 11)4 18)4 Sale 2654. Sale 2354 23)4 14)4 Sale 25)4 Sale 2854 Sale 4)4 154 11)4 13)4. —25 1® Hanna (M A) rl* 75 Sale 11,300 Hamilton Watch... 1,640 108)4 Sale Highest Sale Prices 64 Dec. 29 2154 Dec. 2 63)4 Dec. 13 3154 Dec. 2 101 Dec. 1 454 Dec. 27 '254 Dec. 15 1 Dec. 19 66)4 24)4 r6454 Sale preferred.————100 8,500 Hackensack Water Preferred A.. 20,310 83,200 Hall Printing 254 Sale Goodrich (B F/_. Lowest Sale Prices 1134 5534 2234 47)4 234 2)4 Sale 46 Highest Sale Prices 31 Aslc Bid Gold & Stock Tele* 104,900 $5 preferred. * 1,713,300 Goodyear T ft R— $5 preferred 56,900 * * 80,600 Gotham Silk Hosiery.. Preferred —-—100 1,560 699,700 Graham-Paige Motors..—.1 Granby Consol Mining 290,200 Smelting 8c Power Ltd..-.5 1 36,000 Grand Union Co (The) 38,900 13 cony preferred series...* * 63,900 Granite City Steel 10 89,600 Grant (WTK. 30,100 5% preferred......——20 190,200 Great Northern It ore prop. * ..10«» 1,266,990 Great Northern pre# — * 91,700 Great West Sug Preferred 1®° 3,780 170 Green Bay fie Western RR.100 -A 121,800 Green (H L) Co— 610 Greene Cananea Copper.. 100 2,154,800 Greyhound Corp (The)...—* 169,100 5)4% preferred ..—10 37,700 Guantanamo Sugar...... 1,820 8% preferred 100 23,300 Gulf Mobile 8c Northern-.100 Lowest Sale Prices Dec. Dec. 1 —* 708.700 GImbeJ Brothers.... 1,249,700 1938 STOCKS 1938 33,500 246,000 8,200 102,300 104,600 970 YEAR RANGE FOR PRICES IN DECEMBER SALES 12 Months 35 EXCHANGE-STOCKS 8 Jan. Jan. 21 21 Nov. 25 Jan. Nov. 24 3 Dec. 21 Oct. Oct. 6 8 Nov. 12 Nov. 17 P 24 113)4 Apr. 30 124 July 25 Jan. 15 4 Nov. Mar. 30 7454 Dec. 17 Mar. 29 111)4 Oct. 14 Jan. 24 130 July 7 1 Jan. 10 78 4954 Apr. nH 122 ill* ii* Mar. Mar. 2I Mar. 29 Mar. 29 11 Dec. 27 n 24)4 123 13)4 li* 22 Dec. 27 100 12 Dec. 27 100 6 16 10)4 May 63 Apr. 5 454 Mar. 29 3 80 1454 10)4 6 100 Mar. 26 Jan. 91 July 20 Oct. 18 July 25 July 21 Nov. 14 Dec. 23 Dec. 27 Nov. 16 Nov. 29 Oct. 24 Oct. 19 Oct. 5 36 N. Y. STOCK EXCHANGE—STOCKS AGGREGATE SALES In 12 Months December PRICES STOCKS 1938 Share? 191,700 8,800 1,200 3,500 Shares 1,500 32,200 300 2,400 36,200 2,500 650 12,500 600 21,800 8,400 90 23,200 27,500 12,100 30,000 4,800 4,900 33,700 11,800 1,500 6,100 19,200 500 600 13,200 4,5.i0 10,200 94,200 5,100 142,700 27,300 4,500 7,200 340 23,900 380 7,100 14,700 Par — 18,200 Kimberly-Clark 20,830 Kinney (G R)........ 640 10,190 * Dec. 1 ..* $5 prior preferred..... Laclede Gas * 10 1 11.600 Kreage Dept Storea 25,100 Kress (S H) Ac Co new 265,400 Kroner Grocery Ac Bak 5% preferred Lambert Co (The).. ....* Lane Bryant .........* Lee Rubber Ac Tire.. ....5 Lehigh Portland Cement..25 4% con* preferred......100 Lehigh Valley 50 Lehigh Valley Coal * H 2i* 48* ¥ Sale 1534 Sale 5 ' 534 Sale 145* Sale 15 25 115* Sale 35 Sale P 96 conr ..50 preferred.* 55* 12 Sale 100 Sale 1 Lehn & Fink Products Corp.5 Lerner Stores Corp * Llbbey-Owens Ford Glass...* Llbby McNeill At Ubby • 34 Corp 5 Liggett Ac Myers Tob com..25 ....25 Series B Preferred.. .......100 * * * Liquid Carbonic new Loew's Incorporated 16.50 preferred * * ....* Loft Incorporated Lone Star Cement * Corp Long Bell Lumber A • ....25 ..... Loose-Wiles Biscuit 100 10 5% preferred Lorillard (P) common.. 88 i9«r m Sale 2534 8834 Sale 170 1634 Sale 383* 3634 1734 Sale 45 Sale 105 3^ it* 1053* Sale Sale Sale Sale 10334 106 1634 Sale ..100 Preferred 131 * 16 Sale Sale Louisville Gas Ac Elec A 100 51 10 650 6% preferred.......—..—* 272,800 Mack Truck Inc.......... * 409,100 Macy (R H) Co, Ine • 95.500 Madison Square Garden....* 94,600 Magma Copper .........10 69,400 Manatl Sujar Co 1 1353* 29 293,800 5,500 14,500 13,204 220,720 22,100 60,600 445,700 35,420 404,300 1,710,100 293,800 73,300 135,000 10,700 101,000 1,274 21,600 3,100 4,500 63,600 2,340 35,200 219.300 250 16,300 12,800 1,900 """170 13,000 17,600 200 6,900 5,100 21,500 36,100 6,400 600 11,300 80 11,600 400 7,300 11,100 2,200 330 9,100 22,500 27,300 5,300 485 8,800 170 19,000 500 2,300 1,600 7,150 5,600 39,300 45,200 11,900 22,000 5,800 22,400 1,710 168,350 1,600 1,930 10,500 10,200 9,400 15,000 1,550 2,200 3,600 390 23,150 1,400 Louisville Ac Nashville Mandel * Bros tManhat'n Ry Co. 7% Mod 5% guar gu.100 ..100 .....25 Manhattan Shirt Maracalbo Oil Exolor Marine Midland 1 Corp..I Market Street Ry pr 5 pref.100 Marshall Field Ac Co * Martin (Glenn 1 LY Co... Masonlte • Corp..........—* Mathleaon Alkali Works * ...... 870 Ask 43 3* Sale 113* Sale 263* '27 3* 2 23* 323* 223* 27 Sale 44 Sale Sale Sale rl5 Sale 213* 43* 263* 203* Sale 3034 1213* 125 18 Sale 2634 Sale 1034 103* 233* Sale "63* 123* Sale 6 63* 10 Sale 13* Sale 6 Sale 73* 73* Sale Sale 203* Sale Sale 86 pref series A * 85.50 pref ser B w warr..* 5,500 44,000 Melville Shoe Corp ..* 133,000 Mengel Co 1 24,190 5% conv 1st pref.. 50 3,940 Merch At Min Transp Co....* 63* Sale Sale 8 23* 3 Sale 3134 Sale 223* Sale 1533* 157 343* Sale 5 203* Sale 25 80 783* 133* Sale 8 73 13 113* s8j* Sale 403* Sale 20 Sale c&K 29 Sale 7 293* 53 3* 343* 983* 983* 1743* 173* 353* 48 183* 583* 109 80 it* Sale Mar 18 Mar. 30 Mar. May Mar. Mar. 17 *255* Oct. 13 Jan. 120 Oct. 11 Sale aVA Sale Sale Sale Sale 150 163* 493* 28 Sale Sale 108 Sale Sale 29 1213* 283* Sale/ 43 3* Sale 183* Sale 353* Sale Sale 1?" li* 8 Sale Sale 13* 53* Sale Sale 113* 323* Sale Sale 63* 543* Sale Sale ... £333* Sale 162 49 Sale 53* 27 6 Sale 94H 105 Sale 11" 1»» Sale 98 Sale 353* .! y» 37 890* 11" 67 48 Sale 164 493* 53* 263* 8,200 10,260 212,400 123,300 161,900 194,900 12,930 15,200 32,400 4,630 Morrell (J) At Co Morris Ac Essex.. Motor • Sale 89 92 Sale 203* 10 Sale Sale 533* 173* Sale 11 Sale Sale Sale 373* Sale 95 Sale 75 68 Sale 113 Sale 9 903* 11" 95 51 23* 83* 3* 13* 173* preferred. 5% preferred 393* Sale 143* Sale Sale Sale Sale 18 Sale Sale 843* see page 40. 7 15 30 1 15 8 1 1 Dec. 5 6 10 2K« Dec 63* Dec 19 Dec. 523* Dec. 5 58 Dec 15 323* Dec. 7 363* Dec % Dec. 12 103* Dec. 24 93* Dec. 20 97 Dec 12 3* Dec 90 92 Sale 17 5 183* Dec. 93* Dec. 22 Dec. 12 Dec. 28 5 Dec. 5 Dec. Dec. 22 493* 143* 73* 363* 83* 19 143* Dec. 1 Dec. 20 5 Sale 5 513* Dec. 28 8, 3* f>A 143* 23* Sale 93* Sale Sale Sale Sale Sale Dec. 15 Dec, Dec. Dec. Dec. Dec. Dec. Dec. 143* Dec. 9 3* 3* 123* 13* 73* 3* 13* Sale 102 Dec. Sale 114 Dec. Sale 6 19 13 13 15 6 47 Sale 58 109 Sale 48 51 Sale Dec. 0 27 14 363* Nov. 24 165 Feb. 23 53 Oct. 25 June 41 Nov. 16 5 Mar. 115* Nov. 10 Dec 70 Dec 19 83* Dec 92 Dec Dec 67 543* Dec 63* Dec Apr. 63* Mar. 95 Apr. 80 Jan. 73 323* Apr. 33* Mar. Nov. 16 Nov. 153* July 55 50 20 Nov. 4 575* July 27 75* Nov. 16 May 30 Dec. 163* Dec 11 June 41 Dec 263* Mar. 123* Dec 163* Dec 283* Dec 53* Mar. 125* Mar. 153* June 76 Apr. 463* Jan. 100 Apr., 163* 473* 143* 225* 303* Dec. July Oct. Jan. Nov. July Dec 63* Dec 533* Dec 3* Dec 3* Dec 3* Dec 143* Dec 23* Dec 93* Dec 3* Dec 2 Dec 4 Mar. Mar. 35 111 92 8 723* Oct. 13 Jan. 10 5* 103* 13* 43* 3* Dec. 15* Jan. July 25 May Mar. Mar. Dec. 13* Dec. Jan. 12 21 2 Jan. 3 Jan. 8 11 25 Mar. 225* May 25 Mar. 103* Mar. 8 Mar. 115* Mar. 4 26 Mar. Mar. Apr. 343 95 4 ar. Apr. Mar. 375* Mar. 13 Jan. 110 Mar. 11 July ,r 1173* 543* 383* 403* 22 3* •J.» 17 Juiy 19 Dec. Jan. Dec Dec Dec Dec Dec 14 28 Feb. May Dec 17 11 4 67 111 42 17 12 25 Oct. 22 £117 Nov. 1 110 Dec 8 1153* Dec 8 7 22 Oct. 14 Dec 30 10 13 Oct. 27 Jan. Mar. Dec 11 533* Dec 123* 583* 1073* Dec. 24 1103* 73* Dec. 27 83* £46 Dec. 14 523* Dec. Oct. 103* Dec 10 7 203* Dec 113* Dec. 28 54 .1* 37 3* Dec Mar. 34 Sale Sale 11 353* Mar. 133* May 53* Mar. 20 75 61 Sale 563* 1083* 83* Sale Jan. July 6 143* Nov. 10 375* Dec. 30 2% Dec. 19 18 27 Dec Sale Sale ,iI 23 123* rl2H 583* Sale 6 193* Mar. Aug. 283* Mar. 33* Mar. 163* June 156 10 22 103* Nov. 9 203* Jan. 13 103* Nov. 9 16 July 23 23* Jan. 11 Dec. 40 15 6 Mar. 29 27 Nov. 10 Nov. 10 Nov. 22 July 27 Oct. 27 Jan. 12 12 Sale 263* 183* 153* 283* Dec. May 24 16 26 Jan. 373* 19 ig 25 21 133* 923* 203* 123* 533* 265* 95* Sale 18 Dec. 22 53* Mar. 30 143* Mar. 30 3.0 16 aIA 42 Sale Sale Mar. 26 Mar. 26 Mar. 30 13* Mar 31 Sept. 14 iff 7 97 2 £533* Dec 473* Dec. Dec 313* Dec. 12 34 30 Dec. 20 383* Dec 163* Dec. 28 183* Dec 3 133* Dec. 155* Dec 9 253* Dec. 293* Dec 5 Dec. 22 73* Dec 363* ri Mar. 30 173* Dec 28 Dec. 32 Dec. Mar. 30 126 Jan. Mar. 29 323* Nov. U H Mar. 30 493* July Mar. 26 195* Oct. Mar. 31 18 405* Nov. Mar. 29 23* Oct. Mar. Dec Dec. 27 Nov. 10 25 193* Oct. 17 575* Dec. 30 Mar. 29 6 14 113 Dec. Nov. 10 Dec. 15 116K 123* Dec Dec | 7 Apr. 123* Mar. 295* Apr. I* 11 22 154 June July Mar. Dec. 21 111 5 Dec. 86 * 21 30 17 9 Nov. 14 Apr. 113* Dec 38 1 Nov. 53* 233* 107J* 213* 133* Mar. 22 6 Nov. 26 9 Oct. 63 5* Oct. Mar. 83* Mar. 70 Dec. 27 593* Dec. 23 3 47 Dec. 9 53* Dec. 263* Dec. 20 30 Dec. 3* Mar. 125 25 Dec. 73* July 8 285* Dec. 27 21 Apr. 22 103* Dec. 28 80 Sale 1153* 513* 13 493* Dec 63* Dec 283* Dec 106 3* S* Al" 9 453* Dec. 13 6 43* Dec. 253* Dec. 12 L For footnotes 19 31 29 Sale 5 50 30 30 Dec 373* Dec Sale 109 Sale Sale Dec 7 7 1 1 Dec. 9 36 105 92 22 383* 100 15 Dec. 30 July 50 23* Mar. 143* Mar. 103* Dec. 153* Dec. 37 397,050 Murray Corp of America.. 10 8,000 Myers (F E) Ac Bros • 31 1 1 Sale 102 113* Dec 31 1113* 110 1153* 493* 54 8 July 25 Jan. 12 Jan. 13 213* July 21 623* Nov. 12 1115* Oct. 26 Mar. 26 Dec 63* r523* 3* Sale Sale 99 31 253* Dec. 36 * 33 Dec Mar. 13 10§^ 29 102 123* Mar. 6 Sale 37 • 1 13 6 15* Dec 53* Dec Dec. 29 Dec July 20 Dec. 103 3* 1765* 185* 403* Apr. 143* Mar. 203* Mar. Dec 1 Dec. 157 31 Sale 32 _* 31 6 105 111 Sale conv 383* 113* 163* r273* Sale 13 3* Sale Dec 67 70 67 Sale Sale 1 12 173* Dec 93* Dec 92 Sale ._.* ... Dec 13 3* Dec Sale c Sale 1 87 Sale 3* Sale Mueller Brass Co Munsingwear Sale Sale 60 53 Sale Sale 6 12 12 Nov. 12 July 25 143* Nov. 21 353* Oct. 21 583* Nov. 10 9 July 10 375* Nov. 3 813* Mar. Dec Jan. Jan. 29 Mar. 31 Dec Dec. 15 5 75* 13* 53* Mar 81 Dec Dec. 28 115 53* Sale Mullins Mfg Corp class B Murphy Co (G C ) Sale Sale 105 Sale 25 30 85* Dec 603* Dec 10 93 123* 103* a24,* Sale 50 Products..'. Motor Wheel 11 27 1093* 813* Sale 1 31 163 3* Dec. 29 1643* Dec 493* Sale 32 93 91 Sale SH Sale Sale 57 163 96 Sale 13* Dec. Dec. Dec. Dec. Dec. Dec. . 315* July 23 213* Nov. 1 M Dec. Mar. Mar. Mar. Mar. Mar. Dec. Dec Dec 12* Dec. Sale Sale Dec. 17 63* 57 33* 183* 1043* 203* 26 Mar. 3* 1J* 193* 65* 1934 23 3* 53* Dec 31 53* 5 256,700 Mid-Continent Petroleum.10 109,400 Midland Steel Products 4,855 8% 1st preferred .100 52 30 11 Sale 17,200 86.50 pref * 15,800 {Minn St Paul At S S M...10U 5,800 7% preferred ...100 14,500 4% leased lines 100 50,800 Mission Corp » 133,500 Mo Kan-Texas 334,700 7% preferred series A...100 47,600 {Missouri Pacific .100 125,840 Convertible preferred.. 100 82,900 Mohawk Carpet Mills 20 217,300 Monsanto Chemical Wks.-lO 5,320 84.50 pref * 2,337,150 MontgomervWard At Co. ..* Dec 1 13* Dec. 14 43* Dec. 19 53* Dec. 22 Sale 8 15 Sale B* 6 11 Sale Sale 100 5 2 8 123* Dec. 73* Dec. 28 133* 41 Implem.. 1 3 7 Sale Pow 31 Dec. 32 Dec Dec. 19 1243* Dec Dec. 28 295* Dec Dec. 28 433* Dec 18 Dec. 1 193* Dec 5 343* Dec. 383* Dec 2 Dec 13* Dec. 28 Sale Moline 95 283* 1243* 263* 383* ...5 Minn 20 28 193* Sale 203* Dec Sale 17 1073* Dec 13 213* Sale 213* Dec Dec. 16 150 Dec 1463* 1483* 145 163* 163* 153* Dec. 27 163* Dec 5 "73* Sale 463* Dec. 573* Dec 106 27 265,800 Dec. 23 118 Dec 8 4 Dec. 53* Dec 3* Dec. 17 Dec 23* Dec. 10 33* Dec 99 Sale 26 * 15 31 Sale 133,600 Minn-Honeywell Reg Co 3,610 4% conv pref ser B 29 115 513* 63* Sale 303* Dec 243* Dec 83* 33* 103* 133* Dec 4 Oct. 25 July 13 8 ?8* Mar 123* Mar 31 1 Sale 3 Jan. 22 15 Dec. 22 Dec. 28 5 Dec. 5 Dec. Dec 2 Sale 8 Dec. 1 503* 63* Kami Copper 22 195* 223* 30 Sale Sale 27 Dec 83* 603* 35 Mar. 30 Dec 53* Dec 6 Dec 105 30 153* Mar. 31 23* Mar 26 9 143* Nov. 12 July 19 33* Juiy 25 3 Dec 253* Dec. 113* Sale 103* Dec. 28 r303* Sale 293* Dec. 21 323* 5 543* Sale 513* Dec. 543* Sale 63* Sale 53* Dec. 20 63* 36 35 Dec. 19 363* Sale 363* Sale 6 102 1013* 1023* 983* Dec. Sale 98 Dec. 1 1033* 1033* Sale 180 170 Dec. 13 1763* 1753* 175 18 183* 163* 163* Dec. 22 173* Sale 33 Dec. 10 393* Sale 393* Sale 43 3* Dec. 21 453* 453* 48 Sale 2 183* Sale 183* Dec. 193* Sale 50 Dec. 17 543* Sale 605* Sale Feb. 183* Dec 213* Dec 53* Dec Sale 110 63* 583* 33* 203* .053* 213* 19 13* Mar. 29 125* Jan. 7 34 Sale 113* Sale 43* Dec. 28 Sale 32 Sale 793* 13 3* Dec. 27 183* Dec. 21 Sale 27 3 Dec Sale Sale' 35 Dec. 2 118 Sale 5 33* 253* 35 265* May 27 63* Mar. 31 113* Dec 12 112 Dec. 15 Dec Dec Dec 203* Dec 193* 203* 153* Sale 53* 43* 303* Stile 223* Sale 113 44J* 123* 273* 23* Dec. 28 Dec. 16 Sale 53* Dec. 28 113* Dec. 27 243* Dec. 22 13* Dec. 28 83* 173* 143* 43* 243* 203* Sale Sale 41 Highest Sale Prices 51 Oct. 15 Dec. 21 16 Sale Sale Prices Dec. 11 24 Lowest Sale Prices 19 Sale 213* Highest Sale Prices 25 63* 273* 143* 89,000 Mesta Machine Co 1938 27 Sale 505,300 YEAR Sale 113* 193* 2 "63* Sale Rights Martin Parry Corp.. 900 7% preferred...........100 110,700 May Dept Stores .......10 113,000 Maytag Co (The) * • 23,300 $3 preferred w w. .* 80 83 preferred ex-warrants..* 1,510 86 1st preferred ..* 72,900 McCall Corp ..———.* 181,700 McCrory Stores 1 3,000 6% conv preferred ...100 100,600 McGraw Electric Co 1 39,100 McGraw HUI Pub Co • 350,100 Mclntyre Porcupine Mines..5 300,100 McKeesport Tin Plate.....10 389,500 X McKesson At Robbtns. 5 62,400 83 conv pref ....* 147,100 McLe* an Stores Co.... 1 1,590 6% conv pref...........100 134,100 Mead Corp ....* 100 153* 203* 53* 26 3* 203* Lowest Sale 30 Sale Life Savers 44,000 Link Belt Co 8,400 43 3* 123* 243* 23* Sale 33* Sale 24 X Sale 93* Sale 23 243* 16,000 MacAndrews Ac Forbes Co..10 200 Ask Bid 53* 2,300 21,400 34,000 11,700 7,100 9,700 Bid Dec. 31 . 6% 12,200 Lily Tulip Cup Corp 150,500 Lima Locomotive Works 132,700 694.700 14,300 1,819,500 331,300 121,000 47,500 5,320 236,100 9,340 47,900 91,000 20 Sale „ 267,800 Lehman Corn (The) 67,300 60,500 453,900 92,700 23,500 35,600 134,200 9,200 35 H 24 * 100 .......100 Light Ask Bid -.1 8% preferred 278,300 Kresge (S S) Co 13,820 10,930 102,100 6,000 173,100 79,400 1,750 215,000 75,600 54,100 RANGE FOR Jan. 3 1938 2.147,500 Kenoecott Copper • 121,300 Keystone Steel Ac Wire Co..* 290 IN DECEMBER Price H. Y. STOCK EXCHANGE 20 \VA 32 Nov. 4 Dec. 31 Sept. 22 Oct. Aug. July Nov. 3 25 9 Oct. 13 85* July 64 5* Jan. 153* July 625* Oct. 1105* Dec. Ju,y n* 13 Nov. 15 20 13 22 21 19 27 July 29 N. Y. STOCK JAN., 1939] AGGREGATE SALES In December N. Y. STOCK EXCHAN OE 400 5,700 700 3,600 27,500 91,400 250 350 10,300 2,400 36,000 2,100 75,400 49,400 900 1,000 16,500 49,100 33,700 43,500 9,900 3,800 llJOO 6,900 700 100 3,900 240 45,300 7,600 296.600 12,900 29,800 18.200 1,320 2,360 400 """loo 52,900 30,300 10,900 72.300 2,650 .1,500 4,300 470 202.000 4,300 268.400 1,900 1,211,100 16,860 187,800 334,100 806,500 10,600 38,600 4,100 12,500 384,200 638,650 3,060 4,690 134.700 320 10,300 370 141,600 17,900 21,800 530 2,800 40,800 130 41,500 3,300 1,800 Naih-Kelvlnator Sale 9 VI Sale 175* Sale 5 National Aviation Corp.. National Biscuit..........10 Nat Bond 8c Investment Co.* 5% pref series A w w—.100 78 235$ Nat Bond & Share Nat Cash 15 1075$ 111 122,600 31,600 400 13,000 2.700 140 347,200 9,500 31,400 800 21,900 7,000 3,100 3,700 88,100 15,500 2,200 25,300 2.500 6,500 2,300 2,500 20 202,800 1,700 800 3,050 2,700 1,640 100 18,500 3,600 105,200 Si* iSM Preferred 7,460 — 730 Northern 100 .. Sale Sale 365$ 35$ 85$ Sale Sale Sale "57" Sale Sale Sale Sale Sale Sale Sale 17,170 Pacific * (Cal).lO 25 .100 6% preferred 10.500 Pacific Tin Corp (sp stk)...* ..10 61.700 Pacific Western Oil Packard Motor Car • Pan American Airways 5.400 Pan 94 6 Sale Sale 49 Sale 45 114 595* Sale 95$ 95* 12 87,600 Pacific Lighting Corp * 84,400 Pacific Mills 6,880 Pacific Teleph At Telegr..l00 1,789,800 31.600 Sale 44 256.100 Pacific Gas & Elec 4,290 Sale 45 13 * Finance Corp Sale 127 4 iS* Sale 1335$ 140 12 Sale 4 Sale Corp 5 Amer Pet Ar Trans ...5 "75$ ""95$ 136.400 Panhandle Prod & Ref__ ...1 33,300 1,030 Paraffine Co Inc * ... 4% conv preferred.. .100 1 2.404,600 Paramount Pictures...... 1st preferred...........100 51,300 2d preferred.......... 10 278,600 1 19.500 Park & Tilford I 366.000 Park Utah Cons Mines 9l ,000 Parke, Davis Ac Co * 345* *37"" 95$ 1005$ Sale 82 105$ 22 88 Sale 24 5$ Sale 318 Sale 2.50 175$ Sale » 800,600 Pathe Film Corp 215,500 Patino Mines Ac fint Cons _.* • 30,400 Penlck At Ford * 223,900 Penney (J C) Co 55* 95$ 415$ Sale Sale 43 62 Sale 61,100 Parker Rust Proof Co 49,100 Parmelee Transport Co. 24,600 Penn Coal Ac Coke 141,000 Penn-Dlxle 23,700 25,300 20 $7 conv conv 35$ Corp preferred conv preferred 119,800 People's Gas L At Coke 5,700 22,350 18,950 13,270 3,900 Marquette Prior preferred Preferred Pet 100 Phelps Dodge Was footnotes page 40. Sale 1015$ 106 845$ 815* 805$ 145$ 115$ Sale 1025$ 1005$ Sale 33 31 275$ 45$ Sale 45* 33 395$ 325$ 95$ Sale 28 185* 1085$ 85* 265* 1.43 135$ 54 Sale Sale Sale Sale Sale Sale Sale Sale 22 215* 49 405$ 1145$ Sale 695 Sale 65 18 45* Sale 105 85* 265$ 1315* 145* 515$ 215$ 405$ 1145* 705$ 65* 35$ 155$ 12 285* nn 115 Sale Sale 135$ 118 85$ Dec. 5* Dec. 1 Dec. 24 1 Dec. Dec. Dec. 6 Dec. 30 2 Dec. 205$ Dec. 9 Dec. 31 6^ Sale 1575$ Sale 795$ Sale 15$ 15$ 45$ Sale 120 21 265$ 35$ 9 Sale" 295$ 2 Sale 105* Sale 11 115* 56 45$ Sale 165* 185* 95* 10 75$ Sale 415$ Sale 395* 405$ 705$ 75 15* 25$ 4 45$ 5$ Sale 9 265* Dec. 155$ Dec. 22 Dec. 23 105 75$fDec. 27 245$ 255$ Sale 29 385* *385$ 45$ 35* 155$ 165* 385$ Sale 335* Sale 17 185$ 95$ Sale 75$ 75$ 435$ Sale 42 Sale 705* 74 15* 3 35$ 45* 5* Sale 1 31 3 Dec. 30 Dec. 31 Dec. 7 Dec. 31 Dec, 27 13 14 Dec. 14 Dec. Dec. 95$ 295$ 195* 1085$ 85$ 285* Dec. 15 Dec. 15 7 Dec. 1 Dec. Dec. 16 6 Dec. 1 Dec. Dec. 31 Dec. 1 Dec. 29 Dec. 22 5 665* Dec. 55$ Dec. 27 715$ Dec. 23 1 65$ Dec. 25$ Dec. 21 135* Dec. 21 18 5 Dec. 19 115* Dec. 28 1 5 11 26 2 23 13 115* 45* 185* 65$ 15$ 22 28 2 2 30 195$ Dec. 5 25 135$ 2 103 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 405* 175$ 15$ 95$ 105$ 60 1 102 2 Dec. 1 Dec. Dec. 14 21 13 285$ 25$ 425$ 195$ 21 2 13 12 21 12 23 58 15 10 805$ 15$ 45$ 10 28 27 14 20 3 121 Dec. 20 245* 27 1155$ Dec. 28 1155* 9 35 Dec. 385* 25$ Dec. 12 13 Dec. 1 Nov. 10 17 1685$ Oct. 4 21 Nov. 12 May 27 19 Mar. 31 945$ Nov. 19 255$ Oct. 21 28 31 305$ July 26 165$ July 30 1155* Nov. 30 1135$ Oct. 29 105$ Oct. 65* July 30 Nov. 31 30 1 205$ July Mar 30 165* Oct. July Mar. 29 31 June 3 1785$ Oct. Sept. Mar. Sept. Mar. Mar. Mar. Mar. Mar. Apr. 29 27 15 18 22 9 14 26 22 7 14 1 1455$ Sept. 22 Mar. 29 285* Nov. 9 95$ Oct. 17 815* Nov. 12 23 Feb. 25 June Mar. 29 Mar. 31 Sept. 24 Dec. Dec. 13 23 1 30 82 75 43 July 7 July 25 Feb. 23 Jan. 14 Aug. 2 July 20 110 54 5$ 25$ 5$ 45* Dec. 28 Dec. 31 9 23 12 10 Dec. 31 23 385* Jan. 12 375* July 23 45$ Jan. 11 Mar. 26 115* Mar. 1 Mar. 30 120 Apr. 25 Apr. 28 Aug. 9 111 63 5$ Nov. 15 June 1 25* Jan. 10 Dec. 21 75$ July 7 Mar. 30 15$ Jan. 15 Jan. 5 Mar. 29 165$ Dec. 30 90 Dec. 24 Mar. 31 15$ Jan. 11 5* Dec. 1 Jan. 13 June 3 198 Dec. 31 100 Mar. 29 110 265$ Oct. 17 13 5* Mar. 31 575$ Dec. 3 455* Apr. 1 Dec. 30 55$ Mar. 30 20 38 133 875* May Dec. 31 75 Jan. 3 106 935* June 21 145$ 65$ Mar. 31 925$ Sept. 16 103 25 May 12 35 5 15$ Mar. 30 125* Mar. 30 41 85$ 195$ 75$ 835$ 4 Sept. May Mar. Apr. Mar. 135* Mar. 122 Jan. 65$ Mar. 305* Apr. Mar. 10 395* Apr. 115 Apr. 40 Mar. 55$ Dec. 15* Mar. 26 55$ Mar. 26 175$ Mar. 26 13 July 25 Dec. 27 Sept. 2 Nov. 23 Sept. 8 145$ Jan. 10 325$ Feb. 23 195* Nov. 16 1115$ Sept. 8 Nov. 9 295$ Nov. 9 Nov. 9 10 147 155* Nov. 16 60 Nov. 16 225$ Aug. 25 525$ Oct. 11 Apr. 19 765* Nov. 9 115* Jan. 17 115 65$ 25$ Mar. 1 215$ 105$ Mar. 3 Dec. 3 5* Mar. 95$ 2 Dec. 155* 95* Mar. Dec. 29 £225* Mar. 30 Dec. 30 32 5* Mar. 31' 43; Dec, 31 195$ 95* Mar. Dec. 30 121 87 Apr. 1 £132 Dec. 149 5$Mar. 1 Dec. 30 175* Dec. 1 Dec. 10 Mar. 155$ 1 Dec. 3 5* Mar. Dec. 19 155* Dec. Dec. 27 65$ Oct. 2 Dec. 29 1 Sept. Dec. 16 29 Mar. 615$ Dec. 29 102 885* June Dec. 31 135$ 55* Mar. Dec. 31 103 65 Mar. Dec. 30 135$ 65$ Mar. 7 16 Mar. 30 Dec. 2 Dec. 35$ 15$ Mar. Dec. 16 425$ 315* Mar. 13 Mar. 215$ Dec. 15 2 Dec. 25* 15* Mar. Dec. 13 145$ 35$ Mar. Dec. 13 85* Mar. 135$ 9 Dec. 41 Mar. 585$ 7 55 Mar. Dec. 855$ Dec. 13 15$ Dec. 25$ 1 Dec. 25$ Mar. 55$ Dec. 31 30 105$ Mar. 3 Dec. 10 Mar. 155$ Dec. 28 1205$ Dec. 121 245$ Dec. 31 145$ Mar. 31 Dec. 15 195* Mar. Mar. Dec. 30 110 1155* 42 Dec. 15 225$ Mar. 165$ Dec. 30 16 14 Mar. 30 Mar. 25 Dec. 65$ 135$ £295* 435$ 135$ 21 27 28 Jan. 45$ Dec. 14 2 121 23 149 Dec. 28 565$ Dec. 995$ Dec. 105* Dec. 91 Dec. 575$ 115 "37" Dec. 5 555$ 785$ Sale 765* 2 15* 15$ 45* Sale 35* Sale 28 23 215$ 13 145* 145$ 125* 1205$ 1205$ 112 36 28 25* Sale 415$ Sale 195$ Sale Sale Dec. 8 1 Sale Sale 1005* Dec. 12 25 19 555$ Dec. 27 5 155$ Dec. Dec. Sale Sale 107 Sale 104 1 164 25 / Dec. 21 1375$ Dec. 28 143 5 145* 125* Dec. Sale 54 49 Dec. 21 2 225* 215* Dec. 225$ 45 41 405$ Dec. 12 65$ 1 135$ Dec. Sale 35* 155$ 65$ 135$ 55* 74 142 Sale Sale 2 101 Dec. 30 Dec. 29 835* £82 5 105$ Dec. 1 Sale 1005* Dec. 33 26 Dec. 28 Sale 9 35* Dec. 8 Dec. 355* 33 135$ Sale 115$ Sale Sale 925$ 955$ 103 Sale Sale 13 115* 25* 415* 185$ 15$ IK Dec. Mar. 31 Mar. 25 7 18 1 115$ Dec. 1215$ 115 Dec. Sale 147 Dec. 215$ 175* Dec. Sale 105$ Dec. Sale 4 Dec. Sale 155* Dec. 75$ 65$ Dec. 102 Dec. 3 Mar. 25 145$ Nov. 10 145$ Dec. 21 125$ Mar. 31 Dec. 29 Sale 106 6 9 31 16 31 31 31 1 2 15 6 Dec. 29 r535$ Dec. 29 5$ Dec. 21 35$ Dec. 20 2 5$ Dec. 40 121 Dec. 118 Sale 43 ,135$ d* 26 35$ Dec. 85$ Dec. Dec. Dec. 7 108 Dec. Sale Sale Sale 375$ Dec. 365* Dec. 28 1485$ 205* 115* 115* Sale 45* 45* Sale 155$ 65* "65* ""75* 15$ 15* 585* 595$ 100 Sale Dec. Dec. 295* Sale 1485$ Sale 23 Sale 95* Sale 285$ Sale 175$ Sale 6 30 ... see 88 27 $4 preferred * 3,700 3,950 tPhlla Rapid Transit Co...50 7% preferred 7,310 50 * 104,600 PhUa At Reading C At I 91 575* 565$ 195$ Sale 101 100 * Sale 110 23 Sale 335$ 25 111 109 13 Pfelffer Brewing Co 335$ Dec. 25$ Dec. 87 32 • 15 26 Sale 123 68 555* Sale 4 Dec. Sale 35$ 35$ 75$ Sale 110 110 165$ Dec. 145$ Dec. Dec. 175$ Dec. Sale Sale 100 5 1g* Dec. Dec. 108 10 Nov. 29 21 May 24 12« Mar. 31 7J 145$ June 17 26 Nov. 58 Apr. 5 71 Jan. 28 Mar. 31 40 995$ Apr. 26 1085* Nov. 195$ July 95$ Mar 31 Mar. 26 485$ Nov. 20 Mar. 29 215* Nov. 10 10 1 Dec. Dec. 23 215* Dec. Dec. 23 5$ 165$ Sale —....100 Milk 118 Dec. 28 Dec. 47 Sale 225* Sale Sale 1095$ 114 315$ Sale Dec. Dec. 35$ 115$ 245$ 685$ 365$ 40 107 215$ 100 47 Sale 187" 191" 135* 27 165* Sale Sale 22 25 33 106 168 Sale 50 Sale Dec, Dec. Dec. Dec. 5$ Sale Sale 156,100 Petroleum Corp 92,500 1,283,300 # 17 Peoria Ac Eastern........100 Pere 25$ Sale Sale Sale 14 11,800 People s Drug Stores Inc 65$% 15$ 35$ • v 1,363,600 Pennsylvania RR Co 300 2 123 tc..* * pref series A Penn Glass Sand ?7 10 Cement 110 60 4 65$ Sale 115$ 275$ Sale 355* Sale 145* Sale 114 122 Sale Sale 4 Sale 117 Sale 245$ 95* 300 470 185$ Sale ........10 46 165$ 25$ 105$ 215* 685$ 125$ Jan. Mar. 30 Mar. 22 Mar. 30 Feb. 70 235$ 735$ 365$ 67 35 Sale 29 v 75 Sale 106 Sale 12 338,000 Owens-Illinois Glass Co.12.50 38 Sale 22 105$ 21 42 Sale 955,000 Ohio Oil Co (The) 486,900 Oliver Farm Equipment....* 421,800 Omnibus Corp v tc (The) Preferred A 100 2,760 56,600 Oppenhelm Collins Ac Co. .* 334,500 Otis Elevator.... 6% preferred— 100 3,250 _• 481,400 Otis Steel $5.50 conv 1st pref....—.* 15,000 21,900 Outboard Marine Ac Mfg.—.5 100 735$ Sale Sale 565$ 565* 35$ 109 Sale m Sale Sale 22 ... Sale 20^ Sale 685$ 365$ 71 37 Sale 16 Preferred... Sale 11 26 60 340 Outlet Co 69 245$ Sale 93 ... Sale ""35$ Sale 105$ Sale 22 805$ 1375* 75 99 '55$ Sale Sale 665$ 90 985* 15$ 27 23 22 Sale 29 Preferred 23 165 U Sale 1 8,600 North States Pow Co $5 pf 2,580 Northwestern Telegraph..50 102,900 Norwalk Tire Ac Rubber....* 3,400 92 Sale Sale 85$ Sale 90 60 Central. 1,324,200 Northern Pacific. 19 Sale 1085$ 195* Sale 50 9 155$ 170 Sale 23 104 100 ... 2,068,100 North American.. 38,300 6% preferred 60 1 1,792,900 North American Aviation. 12,600 North Amer Edison $6 pref..* 2,200 24,600 1395* ........— 17,800 Philadelphia Co pref 4%..50 970 164 88 IV4 20 6,600 Sale 1585$ —.. 11,480 Pacific Coast.. First preferred 8,890 3d preferred.. 11,940 3,300 21 175$ 100,800 Nat Mall 8c St Cast's Co ♦ 75$ 714,900 Nat Power Ac Light 374,000 National Steel ......25 665,900 Nat Supply Co o* Pa...—.10 81,550 $2 preferred —40 31,300 55$% prior preferred..-100 70 900 6% prior preferred.....100 3 .....* 74,300 National Tea Co.. 8 * 105,500 Natomas Co 1 18,800 Neisner Bros Inc 4 H % conv serial pref.—100 2,300 325$ 11,700 Newberry Co (J J) * 2,550 5% preferred series A...100 100 946,800 Newport Industries Inc 1 • 70,700 New York Air Brake _* 4,061,100 New York Central....... 175,200 N. Y. Chicago Ac St Louls.100 34 322,200 6% pref series A......-.100 20 187,600 N Y City Omnibus Corp * 13,510 New York Dock...—.....100 35$ 8 24,280 5% preferred ........100 60 1125* 2,440 New York Ar Harlem 20 10% preferred 50 670 N Y Lack Ac West Ry Co..100 "525$ 165,500 IN Y N H At Hartford 25$ 100 5 Convertible prefer red ..100 174,600 42,400 |N Y Ontario Ac Weatern.100 15$ 85$ 407,400 N Y Shipbuilding pt stock.. 1 515$ 7,380 7% preferred ..100 5$ 66,800 {Norfolk Southern...——100 32,000 Norfolk Ac Western.......100 1925$ 1,590 1,590 1,630 2,000 22,300 10,400 12,400 11,100 Sale 136 90,600 Pacific Amer Fisheries Inc. 480 5 Sale 26 155 169 , Sale 45$ 205$ 145$ 689,100 National Lead 10 5,600 7% preferred A.......—100 5,250 6% preferred B ...100 19,000 320 Sale 1(i% Highest Sale Prices 95* Dec, 1 75* Dec. 28 65* Dec. 5 265$ Dec. 27 75$ 135$ Dec. 5 145* Dec. 29 85$ 6 125$ Dec. 5 145$ Dec. 29 8 235$ Dec. 22 255$ Dec. 155$ 170 '• 167 Dec. 1 1685$ Dec. 15 150 Sale 145$ Dec. 27 165$ Dec. 2 105* 92 Dec. 27 100, 925$ Dec. 21 65 Sale x21 Dec. 13 235$ Dec. 2 20 Sale 235$ Dec. 5 265$ Dec. 15 125$ Sale 12 Dec. 21 135* Dec. 29 115$ 112 Dec. 13 115 Dec. 6 106 5$ III" 1095* Dec. 28 113 Dec. 7 1055* Sale 85$ Dec. 1 65$ Dec. 21 35$ 55* Dec. 1 45$ Dec. 22 35$ Sale 1 265$ Dec. 21 285* Dec. 175* Sale 175$ Dec. 28 205* Dec. 16 115$ Sale 135* Dec. 5 165* Dec. 30 5 Sale 255* Dec. 20 275* Dec. 30 175$ 169 166 Dec. 19 169 Dec. 7 154 Sale 1 127 1365$ Dec. 28 1395* Dec. Sale Dec. 31 225$ Dec. 3 27 135* Sale 7 Dec. 85* Dec. 31 5 Dec. 3 Sale 76 805$ Dec. 14 445* Dec. 10 Sale 13 185$ Dec. 1 125$ Dec. 13 Sale 18 235$ Dec. 6 18 Dec. 23 685$ Dec. 6 595$ 55 55 Sale Sale 255* 13 125$ Sale 115 5* 1125* 115 110 1135$ 109 75* 85$ Sale 5 55* Sale 28 285* Sale 195* 205$ 145$ Sale 165$ 275$ 265$ Sale Sale Lowest Sale Prices 85$ Sale 24 Sale 14 Register Highest Sale Prices 145* Sale 145$ Sale 255* Sale 175$ 965$ 245* 165$ Lowest Ask 25 Sale 92 Nat Dairy Prod Corp 1 235$ Sale Sale 167 110 . Sale 245$ Sale 160 16 100 7% preferred 511,500 Nat Distillers Products.....* 9,900 Nat Enamel Ac Stamp ...* 1,251,100 Nat Gypsum Co 1 160 37", 400 145* 100 ....1 National Acme 95* 225$ 135$ 135$ Sale Corp......5 Nash Chatt Ac St Louis Corp....* ......* .......* 7% preferred class A 100 7% preferred class B....100 National Dept Stores.......* 26,100 6% preferred.. ...10 120 164,100 3,100 Ask Par Ask Bid Bid Sale Prices 31 Dec. Dec. 1 1938 Scales 120,300 3,280 13,600 45,200 69,800 YEAR 1938 RANGE FOR Price Jan. 3 1938 Shares IN DECEMBER PRICES STOCKS 12 Months 37 EXCHANGE—STOCKS Jan. 11 Nov. 22 July July Nov. 19 23 4 Dec. 30 July 19 Dec. 30 Nov. 3 June 27 Jan 10 July 27 Dec. 19 Feb. 25 Aug. 3 Nov. 15 Dec. 29 Dec. 31 Dec. 31 July 20 July 29 Oct. 17 Oct. 10 Oct. 24 Oct. 21 Nov. July 1 23 Aug. 25 July 25 Jan. 10 July July 25 25 Nov. 12 Dec. 28 Jan. 15 Feb. 4 30 Oct. 15 Dec. 65* July 22 July 25 July 25 W4 i?8 285$ Dec. 21 27 Dec. 3 175* Dec. 7 85$ Dec. 21 75$ Dec. 20 405$ Dec. 5 385$ Dec. 19 39 45* Jan. 3 175$ Mar. 31 135$ Jan. 11 85$ Oct. 28 475$ Nov. 9 43 Dec. 30 30 Mar. 28 43 Dec. 27 70 Dec. 20 60 Nov. 10 2 Apr. 12 15* Apr. 25 25* Mar. 26 5* Mar. 26 74 15$ Dec. 13 35* Dec. 27 5* Dec. 6 3 Nov. 23 69 345$ Dec. 30 175* Dec. 7 10 Dec. 3 75$ Dec. 1 455* Dec. 31 4 Dec. 7 Dec. 3 5$ Dec. Mar. 23 85$ Mar. 29 15 75* Mar. 30 Jan. 15 Nov. 15 Nov. 9 55$ Nov. 23 Mar. .7 1 38 N. T. STOCK SALES AQGREQATE 12 Months 1938 PRICES STOCKS Dec. 1 1938 Bid 383,800 Philip Morris 8c Co 10 23,000 5% conv pref series A..100 4,900 Phillips Jones Corp....... 82 Preferred 832,100 2,700 1,890 40,100 '33,700 1,960 100 Ask Sale 51 38 2 ' ... 100 Pierce Oil 8% cony pref...100 Pllsbury Flour Mill* ...25 Pirelli Co of Italy Am shs 68 Sale 34 . 1,945 85 cony 100 * preferred Ask 7 42 4034 Sale 3 334 9434 141 5 32 Sale 38 2434 25 734 2454 36 40 46 40 91 115 91 46 "6 34 26 5 34 47 3454 Sale 49>4 8 534 22 Sale 25 734 6634 9 Highest Sale Prices 36 34 Dec. 21 42 3934 Dec. 5 234 Dec. 28 32 Dec. 3 Dec. Dec. 2 20 36 534 2234 8 67 60 169 5 Highest June 25 14434 434 Mar. 30 32 Sept. 29 2734 Mar. 31 2 4 Mar. 31 13 3034 Jan. 2434 Dec. 29 2034 Jan. 3 39 6 45 Dec. 2 534 Dec. 1 2234 Dec. 5 734 Dec. 10 1834 Dec. 23 734 Dec. 19 6534 Dec. 28 7% guaranteed pref 166 100 278,300 Pittsburgh Screw Si Bolt * 72,800 Pittsburgh Steel Co.. ...* 14,530 7% pref class B ...l«ft 10,080 5% preferred class A 100 4,820 534% 1st ser conv pr pf.100 15,500 Pittsburgh Terminal Coal..l 2,160 0% preferred. _.10<» 34,690 Plttsb 8c West Virginia..100 16,100 Plttston Co (The).... • 198,500 Plymouth Oil ...—5 7,300 Pond Creek Pocahontas Co. * 193,400 Poor & Co class B • 29,000 Porto Rlcan Am Tob cl A...* 18,100 Class B ; * 128,800 t Postal Teleg 8c Cable pref 100 562,000 Pressed Steel Car common.. 1 49,300 5% conv 1st pref ...5 43,300 5% conv 2d pref...... 50 Sale 834 Sale IV' .. Sale 13 Sale Sale 36 41 Sale 26 IV Sale 34 834 r23 Sale 5 . .. .Sale 15 Sale 34 2234 834 Sale Sale o Sale Sale v 36 33 Sale Sale Sale 1034 Sale 11 1034 30 3234 5534 Sale 1534 Sale 34 Sale 2234 Sale r834 Sale 1634 Sale 2 134 34 134 Sale 8 Sale 1434 Sale . 42 4334 5634 Sale 11734 Sale Sale 3234 Sale 103 10334 10334 Sale 11534 118 11434 11634 133 130 13334 Sale Sale 148 150 15234 225,5i)0 Procter 8c Gamble....... * 12,970 Preferred 5% lie 337,200 Pub Ser Corp of N J common * 31,500 $5 preferred * 14,800 6% preferred..........100 6,300 7% preferred...........100 5,550 8% preferred 100 115 32 Sale 166 68 Dec. 23 169 43 19 9 7 14 Oct. July 12 334 Mar. 31 9 41 75 145 28 1334 Dec. 10 41 Dec. 15 7 22 26 Dec. 7 22 36 Mar. 30 Dec. 1 Dec. 1 Dec. 6 8 434 May 26 7 8 May 21 23 $5 preferred.. Pullman Company.. 112 11334 29 94 Sale Pure Oil _...• 11 94 Sale ... "7% Sale" Quaker State Oil Rfg Corp.10 15 6 82 preferred 25 Reading Company.. 50 First preferred .......50 Second preferred.... 50 Real Silk Hosiery Preferred. 5 100 .. . 6334 234 23 Sale 26 19 Sale 1631 22* 3034 30 24 334 434 30 39 Renss * Roan Ant Cop Mines new.... Ruberold Co cap stock new.* ^Rutland RR. pref.......100 St Joseph Lead. 10 tSt Louis-San Francisco.100 6% preferred ......100 ISt Louis Southwestern .100 $4.50 conv 16 Sale 65 75 60 70 IV 90 63 81 60 1534 7 4334 Sale 834 434 50 20 2 • 4-2% preferred..... 100 Seaboard Oil Co of Del.....* Serve! Inc * _..* 1 ... 2134 234 3034 Sale a \H 234 Sale 534 734 18 fig 88 Sale Sale 93 100 Sale 18 Sale 24 Sale 74 75 X Sale 534 A* Sale 34 Sale 234 234 2034 Sale 334 3 34 5434 Sale 13 Sale 17 » 16 * * 5734 6034 434 Sale * 4434 Sale ...* Sheaffer (W A) Pen Co * Shell Union Oil .„._* Convertible preferred.. 100 27,400 167,700 Silver King Coalition ....5 » ... 11 Sale 1234 Sale llV* 70 Sale Sale 76 78 55 1334 8434 934 Sale 4434 Sale 56 44 Sale 34 a 134 Sale 234 Sale 334. 2734 Sale 83 Sale 98 Sale 10434 107 1534 Sale 2034 Sale 7634 Sale 1 934 4934 Sale Sale 4934 IK Sale z22 18* 68 Sale 70 104 Sale 634 Sale 1834 Sale 634 3 97 n 9054 100 Sale Sale _...♦ Sale 1.849,300 Socony Vacuum OH Co Inc.15 1434 Sale Sale Sale 3234. Sale Sale * Sale 97 25 Sale * Sale 334 7334 Sale 75 __10 7434 66 134 2434 Dec. 534 Mar. 29 134 Mar. 26 Dec. 9 10434 Dec. Dec. 133 Dec. 148 Dec. 9 116 Dec. 15 13334 Dec. 106X4. 1 15234 Dec. 13 33 28 29 30 30 Dec. 31 23 19 1 20 Mar. 31 59 27 96 110 103 2 11534 Dec. 30 5 3834 Dec. 29 2 11 Dec. 31 28 86 Dec. 77 34 Dec. 22 1234 Dec. 20 82 Dec. 31 1234 Dec. 28 3 734 Dec. Dec. 16 6234 Dec. 6 Dec. 19 1834 Dec. 1634 Dec. 2234 Dec. 1334 Dec. 2134 Dec. 8 10 13 13 Dec. 23 Dec. 1434 Dec. 1334 Dec. 8 80 6634 234 2034 1734 2334 1834 2634 2034 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 1334 3934 1 16 31 31 31 13 Oct. 25 Apr. Mar. 112 Jan. 12 117 . 66 Dec. 9 14 234 2434 7534 7134 1934 3834 6 Dec. Dec. 29 6 Dec. 8 Dec. Dec. 29 Dec. 29 79 Dec. 24 Dec. 24 78 88 Sale 80 45 Dec. 17 1134 Dec. 10 7734 Dec. 28 9 Dec. 27 934 Sale 4434 Sale 4234 Dec. 28 53 56 Dec. 2 834 834 1534 2934 U 4234 34 134 134 334 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 9 5734 46 Sale 24 Sale 9734 Sale 104 Sale Sale 1734 Sale 69 34 734 4834 1534 6534 34 634 734 Sale 4734 11334 11234 70 234 Sale 2134 Sale, 234 7334 Sale 17 34 Sale rl934 Sale 6734 75 7 34 Sale 4834 1134 Sale 28 Sale 2834 1534 Sale 10434 105 634 Sale 32 234 22 Sale 334 2234 2834 Sale 95 9634 100 103 15 Sale Sale Sale Sale 19 Sale 2034 1734 rl634 Sale 1334 1334 1434 Sale 1334 Sale 1334 Sale 1934 1634 16 Jan. 31 15 Nov. 10 16; Jan. 14 9 Oct. 21 80 Oct. 11 Mar. 31 6634 Dec. 30 Sept. 28 n5A 24 June 20 May 26 Mar. 30 June 17 Jan. 11 July 21 Jan. 11 2434 2934 Jan. 22 Jan. 18 13 11 Dec. 1634 Dec. 55 23 1 1334 Dec. 31 6 8034 Dec. 10 Dec. 29 4534 Dec. 1 Dec. 17 934 Dec. 1 58 9 June 934 Mar. 30 2 4934 May 40 Apr. 28 Dec. 1 1 1134 May 31 3934 Mar. 29 38 May 26 73 Mar. 30 17 Mar. 30 65 Apr. 27 45 Dec. 10 Sept 7734 454 3334 5134 Dec. Mar. Mar. Jan. 3034 Jan. 15 Jan. 25 6J4 July 19 26 34 im July 25 78 Dec. 19 69 Nov. 27 354 Oct. 24 2554 Nov. 12 7834 Nov. 16 77 34 Nov. 14 1954 Oct. 15 Dec. 29 Jan. 21 Jan. 21 P Jan. 7 Jan. IV 17 14 28 30 30 31 10 20 94 Sept. 9 1234 July 26 8 4634 Jan. 5834 Jan. 11 5 34 Sale 134 Sale 234 334 334 25 2934 Sale" 81 8134 83 96 9334 9534 105 10634 *10234 18 June 13 21 55 Mar. 29 Mar. 31 1334 July 20 9834 Jan. 18 8834 July 19 July Dec. 2 1434 Dec. 5 3134 Dec. 73 Dec. 20 18 10 Dec. 1934 Sale 3734 40 June 39 34 Nov. 10 58 July Jan. 11 11 54 July 1 28 7434 20 Sept. 21 534 Mar. 30 61 Dec. May 27 May 26 Apr. 19 Dec. 3434 Mar. 29 5 1 Apr. 834 Dec. 6934 65 3* Nov. 30 Nov. 12 3 Dec. 10 1 Dec. 19 5 2134 Dec. 6534 Dec. 28 27 1034 Dec. 12 5 Dec. 71 Dec. 29 27 78 Sale 28 13 34 June 21 234 Mar. 25 78 67 Dec. 30 Dec. 28 Dec. 21 9 Dec. 5 Dec. Sale Sale 17 Dec. 30 Jan. 132 ,r- 22 Jan. Mar. 22 50 16 30 Jan. Oct. 112 9 13 Mar. 8634 Mar 7 Jan. May 18 10134 Apr. 454 6034 3734 134 1434 5 Dec. 31 Nov. 14 122 34 25 3534 31 10534 23 11834 8 134 29 15234 25 9 31 23 Dec. 14 8 Dec. 15 Dec. 16 . 4634 Dec. 22 8 1 3 21 Mar. 25 114 Jan. Mar. 30 Dec. 434 Mar. 25 8 Nov. 1634 334 134 434 1434 1434 4234 Oct. 1 30 2 115 4 25 Mar. 28 Dec. 16 25* July Mar. 31 29 101 2 19 8 934 934 1534 7334 69 Sale 28 87 ...... 1734 Sale 2334 Sale 1834 Sale 2634 Sale 2134 2134 4 434 41 5134 10 834 7*934 Sale 1034 1634 Sale 934 Sale 934 Sale 9 10 834 1034 1634 1634 1634 r33 Sale 3134 Sale Sale 34 134 1634 Sale 734 Sale Sale "jj Jan. 15 Dec. 80 13 1 Dec. Dec. Dec. 6 Jan. Dec. 54 83 Jan. Jan. Dec. 16 Dec. 31 2 Dec. 1 Dec. 115 11334 Dec. 3134 Dec. 934 Dec. 12 30 12 834 1634 234 34 634 734 Sale 47 4834 *1134 Sale 28 2734 1434 Sale 2334 Sale 1334 Sale Shelly 25 234 20 77 3 Co r67 1234 23 6% preferred ..100 Sloss-Sheffleld Steel 8c Ir.100 13 75 Sale Snider Packing 534 Sale 47 1634 Sale ..._10 86 preferred Smith (A O) Corp. Smith & Corona Typewr 23 33 80 30 Slmonds Saw Ac Steel Co....* Oil Sale Sale Sale 113 Sharp & Dohme 489,600 Simmons Co. 47,900 Slmms Petroleum n* 5 ' Sale 7134 Sale 1534 Sale 53 Sharon Steel Corp........ 85 conv preferred Conv pref series A— Shattuck (Frank G» 234 10 534 Sale 9 934 1834 1834 100 Sale 20 56 50 80 95 Sale * 165.500 {Seaboard Air Line Seagrave Corp (The) Sears, Roebuck 8t Co Sale 8134 100 3734 preferred.. Sale 31 Sale 18 66 Sale 8 2434 73 2 Sale 2134 834 & Saratoga RR Co. 100 82 Sale Sale 25 8334 21 2034 ...25 37,570 Scott Paper 22,600 197,800 8,600 20,570 4,450 65,700 35,400 69,500 Sale 1 ......... ..... 1,470 276,200 Sale 1934 rV 1034 1634 80 5% preferred .....100 287,000 Safeway Stores....... • 2,980 5% preferred 100 4,020 6% preferred ..100 9,100 7% preferred 100 62,600 Savage Arms Corp ...* 480,200 Schenley Distillers Corp....5 29,500 534 % preferred. ... -.100 628,200 JSchulte Retail Stores. 1 62,600 8% preferred 100 46,200 46 34 4 10 14,800 Rltter Dental Mfg........ 247,000 11,800 1,006,200 488,000 104,300 9,000 238,800 21,700 168,400 71 60 Reliance Mfg Co ttemton-Rand .... 60 16 Sale 10 Pref with warrants 87 Sale 8034 1334 Sale 1334 1434 Reis (Robt) & Co 1st pref. 100 Reliable Stores Corv 598,100 JReo Motor Car....... 5 2,828,900 Republic Steel Corp........* 18,300 6% cony preferred 100 25,800 6% conv prior pref ser A 100 263,700 Revere Copper 8c Brass... 5 10,900 Class A 10 1,860 7% preferred .....100 560 5>4% preferred ....100 98,500 Reynolds Metals Co.... * 4,600 534 % conv. pref..... 100 185,100 Reynolds Spring Co 1 409,600 Reynolds (RJ)Tob cl B 10 3,470 Common 10 1,703 Rhine Westphalia El & Pow.. 892,000 Rich Jeld Oil Corp * 55,600 98,100 10,000 309,500 63,900 89,100 1,560 86 Sale 3,479,900 Radio Corp of Amer... * 1,200 85 preferred B ....* 178,520 83.50 conv 1st pref * 902,600 tRadio-Keith-Orph Corp * 27,000 R ay bes tos- Manhattan * 156,700 Rayonler Inc... 1 56,000 93,700 13.400 16,700 21,100 2,320 5,000 29,900 7,320 415,700 19,500 1,520 Sale Sale Sale 6% preferred.......... 5% conv preferred..... 100 Purity Bakeries * 11334 11434 11434 120 Sale 38* Sale Jan. Aug. 5 July 29 45 1 34 Dec. 28 Public Service El 8c Gas— 4,400 637,800 1,359,100 13,800 67,800 349,500 12,000 25 1634 9 23 1434 Dec. 1434 Dec. 8 4234 Dec. 2 5634 Dec. 1 11734 Dec. 1 Mar. 14 52 Mar. 29 6 Nov. 5 34 June 334 Nov. 12 5 17 934 July 7 34 Mar. 29 2034 Apr. 1134 Apr. 28 5 9 1134 Dec. 134 Dec. 27 34 Dec. 16 134 Dec. 21 5 1034 Dec. 2 1034 Dec. 30 June 21 174 " Dec. 1 1534 Dec. 31 1 34 Dec. 1 10 12 Jan. 17 934 Nov. 14 Dec. 31 Dec. 15 Dec. 28 1 July July 2634 Nov. 52 May 90 July 7 34 Jan, 35 Dec. 9 Nov. 14 18 1834 Dec. 23 334 Mar. 30 1134 Dec. 3834 Dec. 20 Dec. 3234 Dec. 34 Dec. 334 Dec. 1334 Dec. 34 Dec. 2034 Dec. 8 10 10 23 9 19 Mar. 29 4 90 Dec. 20 Highest Oct. Oct. 834 July 5034 Mar. 4431 July 7534 Mar. 29 14334 114 Dec. 27 7 34 Dec. 28 634 Dec. 19 2434 Dec. 23 42 Dec. 4334 Dec. 30 22 a!* 4434 2034 734 70 9 115 534 170 8634 Dec. Pitts Ft Wayne & Chicago— 720 YEAR 1938 Lowest Sale Prices 9534 Dec. 23 Dec. 5 14234 Dec. 23 14234 131 6 534 Dec. 24 6 Dec. 14 4334 Sale 334 234 3534 35 Sale 50 634 Sale 20J4 Sale 28 100 ... 135 5 3 20 Pitts C C & St L RR Co... 100 27,200 Pittsburgh Coal (of Pa) 18,000 6% preferred 21,000 Pitts Coke & Iron Corp Sale 38 "~534 "8" * ... 8834 Lowest Sale Prices Dec. 31 Ask Bid Bid 131 ......9> Phillips Petroleum Phoenix Hosiery Preferred RANGE FOR Jan. 3 Par 460 IN DECEMBER Price N. T. STOCK EXCHAN QE Shares " EXCHANGE—STOCKS 7 23 934 Dec. 23 8 1534 Dec. 12 3334 Dec. 16 Dec. 1 27 13 16 10 15 23 Dec. 22 Dec. 16 Dec. 22 Dec. 15 Dec. 2 Dec. Dec. Dec. Dec. Dec. 27 22 22 1 46 34 13s 234 336 2934 8334 9834 10634 1834 2034 Dec. 31 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2 30 1 23 30 58 68 Mar. Dec. 2 1 Dec. 1 1 Dec. Dec. 29 68 Dec. 70 34 134 134 3 34 Mar. Mar. Dec. May Dec. Mar. Dec. Dec. 11 30 31 1 Dec. 8 Dec. 15 Dec. 29 Dec. 30 Mar. Oct. 22 16 154 25 394 534 15 23 I 6 Feb. 23 154 3 Mar. 30 1034 "■>0 34 3434 Mar. 28 11234 Dec. 12 11354 Jan. 6 134 Mar. 29 15 14 Mar. 29 Dec. 28 4?* iV 104 Dec. 1 534 Dec. 30 5 Dec. 28 234 Dec. 12 2034 Dec. 19 2534 Dec. 14 23 Dec. 31 9 Dec. 7 Dec. Dec. 29 Dec. 15 Dec. 2 2834 Dec. 30 Dec. 30 7 9634 Dec. 1 9934 Dec. 30 110 * Dec. 103 Dec. 2 10434 Dec. 19 95 ■ 17 16 Dec. 22 Dec. 20 3 Dec. Dec. 14 1434 Dec. 29 14 Dec. 1 Dec. 30 113 Dec. 5 Dec. 21 9 1334 Dec. 1234 Dec. 27 20 17 36 Mar. 30 18 Mar. 26 23 Aug. II 10 Mar. 20 93 Mar. 30 434 1234 234 1434 1834 Mar. 31 z84 Mar. 30 5 Mar. 30 Mar. 31 Mar. 31 Apr. 7034 934 4934 1234 2854 1854 10634 934 3534 334 24 34 3454 98 Mar. 28 122 91 2 105 May 13 8 Apr. 24 Mar. 31 10 1934 834 Mar. 29 15 1034 Mar. 31 1654 45 Jan. 4 Nov. 25 Nov. 25 Oct. Dec. 6 23 3 July Mar. 31 634 Mar. 12 1 2054 Apr. Nov. 18 Jan. 2734 534 8034 28 1534 10554 634 3234 334 85 34 Sept. 26 27 9 Nov. 14 Jan. June 14 Mar. 30 1334 Dec. Jan. 26 July 12 954 Nov. 25 2 3 34 Dec. .734 62 45* Mar. 31 27 July 20 July 20 99 Mar. 26 108 19 834 Mar 29 1334 Sept. 27 2734 8 Dec. 16 27 734 Dec. 15 4834 Dec. 15 1134 Dec. 15 14 19 Jan. 10 9 634 Dec. 4534 Dec. 28 1034 Dec. 21 Dec. Jan. 33 34 Dec. 7 27 79 2 34 Dec. % 9 134 Dec. 234 Dec. 28 x22 234 Dec. 28 334 2 75 7134 Dec. 15 Dec. 9 1734 6 1734 Dec. 20 2 1434 13 34 2534 8 22 1 934 Dec. 19 2 4934 Dec. Dec. 12 11334 Dec. 23 Dec. 934 Nov. 30 July 21 14 Dec. Dec. Mar. 25 Mar. 77 1931 8H 5 7 34 Apr. 12 14 1 2 Aug. 23 22 Feb. 25 Jan. 14 Oct. 13 July 19 Nov. 12 Nov. 18 Nov. 12 Nov. 12 Nov. 16 Oct. 14 July 20 Oct. 7 Jan. 11 Nov. 9 17 Jan. Nov. 12 Jan. 10 Nov. 10 Oct. 13 Oct. 13 Aug. 8 Aug. 26 Nov. 23 Jan. 10 Solvay Am Corp— 10,100 534% preferred 100 308,000 South Amer Gold 8c Plat 1 99,400 So Porto Rico Sug » 8% preferred..........100 4,010 .... For footnotes see page 40. 110 114 Sale 11334 234 Sale 1934 Sale 131 141 234 Sale 22 128 Sale 11234 113 234 Sale 18 13234 Sale -r— 112 2 1534 Dec. 13 131 Dec. 234 Dec. 1 Dec. Dec. 2 20 9 141 1 Apr. 14 11434 Nov. 134 Mar. 29 3 34 Jan. 1534 Dec. 13 28 Jan. 128 Jan. 4 141 Nov. 111 29 13 10 12 ) N. T. STOCK JAN., 1939] PRICES IN DECEMBER aggregate sales Detember 12 Months 1938 Shares 24,300 208,600 149,800 91,100 600 185,200 Sou California Edison— 15 10'1 2,400,700 Southern Pacific Co * 1,281,200 Southern Railway.. 716,250 5% preferred ....... 100 Mobile & Ohio certifa.-lOO 4,900 22 Sale 18% 11% 18 X Sale Sale Sale 16,500 1,700 2,200 670 134,200 3,450 7,100 245,200 13,100 40,400 7,900 7,900 900 30,200 7,300 7,100 116,500 500 1,600 4,400 22,000 120,700 44,500 3,200 50,200 1.700 8,400 600 64,100 3,200 4,000 430 18,400 5,000 8,200 23,100 87,900 24,900 21,800 3,900 9,300 263,000 90,600 6,900 60 8,500 1,800 240,225 40,600 28,700 4,600 130 10,600 2,300 27,800 106,700 3,100 11,900 5,600 10,300 1,200 1.600 1.080 8,000 27,600 130 6,600 200 11,300 4,000 8,700 200 15,200 26,100 195,000 43 ,q00 12,100 3,275 X 106% 1% 28% Sale Sale 33% 31 9 47% 121 12 27 Sale 2% 14% 17% Sale Sale 21 8% 16% Sale 23% Sale 8% 6% 6% 41 Sale Sale 7 49 4% 4% 15 Sale 43% Sale 15% 45% 15% Sale Thermold Co ..... 1 3% 3% ....r-100 25 ...* * • 10 * • Tim ken Roller Bear ♦ • 53,000 5 2,300,200 United Aircraft Corp 1,099,100 United Air Lines Transport.5 * 54,100 United Biscuit of Am ... 12 2% Sale 10% 13 14% Sale Sale 12 Sale 7 Sale 30 Sale 62% Dec. 13 27% Dec. 9 6% Dec. 20 103 Sale 4 Sale 8% 18% 22% 5} « 69% Sale 9% 6% 13% Sale Preferred 100 U S Freight —* 262,000 U S Gypsum Co.—........20 7% preferred... 100 2,340 5 63,900 U S Hoffman Mach 5%% conv pref 50 4,400 * 181,000 U S Industrial Alcohol ...* 59,500 U S Leather.. Class A * 167,800 Prior preferred ..—100 5,400 .20 354,800 U S Pipe 8c Foundry 438,600 U S Realty 8c Impt U S Rubber 1st preferred.. U S Smelt Ref & Mg 40. 10 100 50 —50 Sale Sale Sale 56% 125 Sale o 26% Sale 4% 35% Sale 38% 7% Sale 7% 18% 22% Sale 15% 18% % 28% 28% 42% 53% Sale Sale Sale Sale 50% Sale 34% 71 12% 6% 16% 7% Sale 65% 121% Sale Sale 6% 7% 47 5 2 4 26% 2% ii* 50 Sale Sale 10 Sale Sale Sale 59 7% i8H 930* 4% 13% 26% 34% 3% 25% 11% 4% 6% aVA Sale 4% 45 58 r4 37% 4% 17 2% 4% Sale Sale 4 16 1% r3% 28% Sale Sale Sale Sale Sale 40 Sale 18 2 Sale Sale 10% Sale Sale Sale Sale 98 Sale Sale Sale Sale Sale Sale "4% "I" 118 115 6* Sale Sale Sale 34 Sale Sale 5% 8% 66% 6% 32% 65% 11% Sale 19% 7% 74% Sale 84 Sale P Sale 5% Sale 8 Sale 75 32 26% Sale 4% Sale 8* SH Sale 72 Sale Dec. 116 Sale Sale Sale Sale llP 172% 7% 7% 31% 34% Sale 24% Sale 5% Sale 10% 70 60% Sale 47% 30 22 28 22 2 14 12 65 Dec. 27 9 28 22 21 20 2 21 28 13 22 88 _ Dec. 30 8 1 Dec. 1 Dec. Dec. Dec. 11% Dec. 3 Dec. 6 Dec. 7 Dec. Dec. 15 1 Dec. 98 Dec. 31 Dec. 27 Dec. 31 43% Dec. 19 13% Dec. 30 17% Dec. 15 Dec. 30 7 5 1 10% 70 Sale 12 9% Dec. 23 60' JO Dec. 27 5 Sale 52 Sale Sale Sale 102 Sale 97 Sale Sale 61 Sale Sale Sale 64% Sale 55% Dec. 28 64% Dec. 31 Sale 9 5 Dec. 21 Mar. Mar. 17% lS* 6 Dec. Dec. 31 Dec. 31 Dec. Dec. Oct. 21 June 21 Mar. Mar. Nov. 10 29% Oct. Mar. 31 Apr. 4% 3% 32% 2% Mar. Mar. Mar. Mar. 26 7 Mar. 30 Mar. 30 4 31 30 30 29 6% Mar. 31 5% June 29 Jan. 8 Oct. 1 12% Aug. 6 38 11% Feb. 10 July 22 Mar. 31 26 Mar. 30 25% 60% 2% Mar. 31 15 Mar. 24 Mar. 31 3% Mar. 30 8% Mar. 28 1% Mar. 28 5% Mar. 30 10% Mar. 29 77% Apr. 29 Mar. 31 31% Mar. 30 5% Dec. 8 Mar. 30 4% Apr. 1 2% Mar. 30 60 47% 5% 53% 107% 66% 69 11 49% Aug. 6 5% Dec. 31 15 Apr. 12 15 Nov. 9 Jan. 11 Oct. 17 Nov. 10 10% 8% 9% 49% 13 53% June 23 2% Apr. 13 Oct. 28 Oct. 26 July 13 5P Jan. 13 5% 18% 2% 5% 28% 19% 55% 12% 10% 12% 4% July Nov. Jan. July Nov. July July July July Nov. Nov. Jan. Oct. Nov. July 4 19 15% 98 25 10 13 19 9 25 25 25 13 9 9 12 21 12 19 77 June 27 91 Nov. 9 3% 5% 16% 25% 2% Mar. Mar. Mar. Mar. Mar. 6% Jan. 15% Nov. 28% Nov. 38 July 10 Mar. 30 Mar. 25 44 Mar. 26 6 6 A* 28 31 29 25 29 Mar. 31 Mar. 30 Mar. 31 17% Mar. 31 55% Mar." 31 59% Apr. 20 20 Mar. 30 19% Mar. 30 5 Mar. 30 Jan. Jan. 6 13% Nov. Oct. 70% 15% 90% 22% 99% 83% 23% 43% 13% 1 2 Mar. 26 IH 60 3 IVA 50 June 18 Mar. 29 Apr. 1 Mar. 31 Mar. 31 8% Mar. 30 100 6 4% Sept. 17 8 1 1 1 Dec. 27 Dec. 31 Dec. 31 Dec. 29 7 Dec. 9 27 Nov. 25 Aug. 6 Nov. 10 July 21 Nov. 10 Nov. 10 Jan. 12 Dec. 19 Nov. 12 Oct. 17 Jan. 12 tl Nov. 22 Oct. 6 Dec. 28 87% 1% 9% 12% 55 25 Oct. 14 Aug. 10% Aug. 20 4% Apr. May JA Jan. 10 8 12% Nov. 10 13 3% Mar. 26 5% Mar. 30 July 18 July 1 62 Oct. 17 7% 10% 80% Mar. 26 13 6 11 38 Mar. 14 114 3 Dec. Dec. 13 1 Dec. 7 Dec. Dec. 30 Dec. 27 13 Nov. 14 Sept. 14 20 110% Jan. 20 118% Aug. 19 73% Nov. 10 Jan. 4 39 20% Nov. 10 1 12 X Apr. 1 15 16 12 19 14 Dec. 30 5% Dec. 10% Dec. 13 Mar. Mar. 34 4 30 14% Mar. 10 43% Oct. 28 1 4% Aug. 23% Nov. 12 32 July 20 9 15% Aug. Dec. Mar. 4% Mar. 30 3% May 27 8 13 25 Dec. 128 Feb. 22% Mar. 5 18 25 10 5 10 12 12 2 7 Jan. 12H Mar. 26 Dec. Dec. Dec. July 15 9 30 29 1 17% Nov. 9% Oct. 21 Dec. 31 65% 1 7% 34% 65% 11% 113% 7% 7% 13 173 Dec. 6% Dec. 28 7% Dec. Dec. 321% Dec. 7 33 21 Dec. 22 28% Dec. Sale Dec. Nov. Dec. Dec. July July Jan. Feb. Jan. Jan. 11% Jan. 23 July 28 July June 22% Mar. 31 " JH% Sale May Dec. 10 1 6 Dec. 8% Dec. 30 6 73 Dec. 36 11% 87% % Sale 5 Dec. 28 6% 10% 8% Dec. 21 10% Sale 2 113% 103% Dec. 172 14 4% 68% 12% 90% 19% 69% Dec. 19% Dec. 3% Dec. Mar. 14 49% 17% 45% 15% 70% 31 9% 107% 3% 5% 58% July 25 34% Nov. 14 71% Nov. 16 Mar. 5% Mar. 119% 8% 17% 1% 4 21 16 Dec. 31 13% Dec. % Dec. 28 Sale" Dec. 31 Dec. 7 9% Dec. 27 1 Dec. 83 Sale Dec. 31 15 5 118 31 Dec. 31 Dec. 31 Dec. 31 Dec. 29 Dec. 83 28 13? Dec. 30 Jan. 4% July 25 11 July 19 Jan. 7 50% Nov. 14 Mar. 5 Oct. 4 Jan. 1 _ Dec. 23 28 14 Dec. 30 \lA 49 6 35 . 4 8 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2 91 6 Sale 5% 18% 53% 7% 10% 10% 3% 43% Dec. % Dec. 46 % Dec. Sale 4 a* 61% 15% 2% 32% 4% 6% Sale Sale 166 63 Sale Dec. 4% Dec. 15 9 1 10% Sale Sale 17% 6% 35 31% Sale Sale 57% Sale Sale 10% 111 Sale 112% 111% Sale 7% 6% 7% Sale 6% 7% 90 Sale 70 119 65% 17% 3% Sale Sale 1% 7% Sale 31 8% Dec. 24 16 2 36% Dec. 5 11% Dec. 15% Dec. 28 Sale 71 16 42% 12% 16% 16% Sale 0VA 80 8 Sale Sale 6% Dec. 13 94 1 20 Sale 1 15 Sale Sale Dec. 10 28 83 Sale 9 7 28% 3% 15% 13% 23 Sale Sale 28 Sale 7% Sale 7% Dec. 47 Dec. 4% Dec. 43% Dec. Sale 84% Dec. 29 Dec. 29 28 Dec. 89% 18% 10 1 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Sale Dec. 15 5 Dec. Dec. 15 Dec. 15 9 Dec. 2 Dec. 7 Dec. 30 3% 61% 11% 83% 18% 87% 76% Sale Sale 82 Sale 1 6 Dec. Sale Dec. 15 30 27 33% Dec. 29 40% Nov. 10 ib Mar. 24% Mar. 32% Apr. 39% Mar. 39% 3% 21% 30% 10% 18% 28% Dec. Mar. 29 % Dec. 16 Dec. 28 19 Mar. 31 15 Dec. Sale Sale Dec. Dec. Dec. Dec. Dec. 17% Dec. 29 7% Dec. 15 65% Dec. 31 48 1% June 13 2 13 Dec. 31 12% Dec. 30 2 7 Dec. 5 6% Mar. 31 94 Mar. 18 Dec. 31 71 8 12% Mar. 31 Dec. 31 58 10% 18% 81% 80% 22 % 4 4% Mar. 30 10% Sept. 14 23 10% Dec. 28 72 1 23% 25 66% 1 Dec. Dec. 31 19 Sale Sale Dec. 10 Sale Sale 28% 28% 50% 53% 33% 15 28 26 12 Dec. 31 Dec. 30 Dec. 1 10 9 Sale 28 70 3% Dec. 15 26% 34% r3% 35% 16% Dec. 15 45% Dec. 30 15% Dec. 29 28 Dec. 28 88 15 22 8 Dec. Dec. 21 7 Dec. Dec. 23 Sale Sale 3% Sale 28% Sale 6% Sale 5% 8% 9% 3% 12% Dec. 24% Dec. 33% Dec. 3 Dec. 15 49% Dec. 5% Dec. 31 5 32% Dec. 8 Sale 19 9 Dec. Sale 116 13 3 13 4 20 28 Sale 35 16 Dec. Dec. Dec. Dec. Dec. Sale 16 Dec. 9 Dec. 13 Dec. 22 Dec. 28 Dec. 90 Sale 4% 2 25 86 Sale Dec. Sale 48 24 2 Dec. Dec. Sale 19% Dec. 27 15% Mar. 30 7% Mar. 31 29 Mar. 30 6% Mar. 31 48% May 26 29 Dec. Sale 46 1 2 Sale Mar. 30 Mar. 25 Mar. 26 Dec. 16 18% 53% 6% 10% 10% 3% Mar. 30 Mar. 30 June 17 Sept. 27 1 3% Dec. 8 8% Dec. 20% Dec. 31 39 25 July 7 22% Jan. 12 23% Dec. 30 5% 8% 17% 2% 1 Dec. 23 94 91% 22 Dec. 20 Dec. Sale Sale Dec. 31 19% Mar. 31 9% Mar. 31 3% Dec. 1% Dec. 22 3% Dec. 27 15 Sale Sale 16 5 Dec. Sale Sale 2 10 58 i Sale 2 Dec. Dec. Dec. Dec. Dec. Dec. 9% Dec. 7% Dec. 13% Sale 40 17 125 Dec. 17 10% Dec. Dec. 4% 5% 42% 4% 30% Sale P Dec. 18% Dec. Dec. 3% Dec. 37% Dec. 3% Dec. Sale 39% Sale 7% 5% 7% 42% Dec. 19 59 Sale 10 26 8% 33% 2% 18% 29% 10% 16% 27% Dec. Sale 50 2 Dec. Sale 4% 65% 1% 56% Dec. 2% 11% 12% 91% 16% 12% Dec. 20 3 Sale 8 44% 5% 32% 9% 8% 22% rl9% 1 Dec. 7% 7% 42% 48 Dec. 7 Sale 6% Sale 7 Sale 10 Sale Dec. 49% Dec. 13 30% Dec. 14 5 Sale Sale Sale 8% WA 50 10 28 Sale 8% 10 Dec. Dec. 3% 19% 28% Dec. Dec. 30 14 Sale nflK 5 38% Sale 3% Sale 21% Sale 29% Sale 10% 12% 18% Sale 27% Sale 10% *18% 27% 26 120 Highest Sale Prices Dec. 31 13 Sale 33% Dec. 29 Dec. Sale Sale 24% Dec. 31 21% Dec. 31 23% Dec. 30 Dec. 20 61« Lowest 30% 7% Dec. 28 103% Dec. 9 2% 4 Dec. 10 Dec. 22 9% Dec. 28 18% Dec. 22 22% Sale Sale Sale 5% Sale 6% 9% 19% Sale 1% 3 Sale 9 ,VA 36 Sale 96 Sale 10 11 88 98% Sale Sale Sale 81% 97% 2% 3% Sale 93 Sale Foreign Secur Corp ._* * 50% Sale 16% . * Sale Sale 92 77 Preferred Sale 49 Preferred. 100 1,630 305,740 United Electric Coal Cos....5 36,300 United Eng k Foundry.....5 * 151,900 United Fruit * 947,800 United Gas Impt Co..... U S Distrlb Corp Sale % 27% 26% 42% 7 Sale 88 . Preferred * 22,300 30,100 United Merch&Mfrs.,Inc vtc 1 10 104,800 United Paperboard Co Sale 2% Sale Sale 5% Sale 6% 7 3% Sale 9 30 16 21 27 5 5 2 70 10% 39% 82 113 .... Sale Dec. 9 2 2 16 12 29% 14 1% 2 4% Sale Preferred 100 470 * 93,400 United Carbon 20,800 United-Carr Fastener Corp.* * 1,963,225 United Corp... Preferred • 369,000 212,100 United Drug Inc.—........5 United Dyewood 10 67,200 Preferred Sale 10 $3 div cony pref 8% Sale 23 Sale 63 Sale Sale 16 21% Dec. 17 Dec. 18 Dec. 27 Dec. 35 Dec. 2% Dec. 35% Dec. 2% Dec. 7% Dec. 19% Dec. 39% Dec. 14% Dec. 42% Dec. Sale 13% 56 Third Avenue YEAR 1938 Sale Price Highest Sale Price Sale Prices 28 *64% * Sale 8% Sale preferred..........100 6 39 8 39 Sale Sale 56% 4% 43% 4% Union Tank Car 10% 3% 48 23 The Fair Co page 51 Sale Sale 9 37 Sale 20% 63 Sale 100 176,600 Union Pacific 4% preferred..—.......100 41,100 see Sale 7% Sale 9% Sale 4% Sale Sale Sale 3% Sale Sale 96,700 72,000 Underwood Elliott Fisher..* 515,300 Union Bag & Paper....—..* 982,300 Union Carbide 8c Car 229,500 Union OH, California......25 For footnotes 42 44% Sale 20% 22 54 54% Sale Sale 19 Ulen & Co 960,300 109,100 20,875 Sale 55 4 .....100 Mfg cony $1.50 preferred * 44,050 * 43,500 Twin City Rapid Transit Preferred 100 10,410 ....1 274,600 Twin Coach Co 4,438,700 Sale 40 * $3.60 U S Sc 32% 44 Ask , 3% 38% 3% 8% 19% 39% preferred—...* l 2 509,400 Transamerlca Corp new 5 386,200 Transc & West Air Inc 59.200 Tran 8c Williams Steel Forg* Tri-Contlnental Corp.. • 402,600 6% preferred........——.* 9,500 ..* 63,600 Truax Traer Coal..... 10 10,600 Truscon Steel Co. ♦ 722,900 20th Cent Fox Film Corp 143,900 5,900 5,100 9,220 71,700 Sale 39 Sale Sale Sale 268,000 Tlmken-Detrolt Axle Co...10 */207,300 106 Sale Sale Preferred.. 16,800 570,900 Tide Water Assoc Oil $4.50 conv pref 33,000 V 8% Sale Sale 18% Sale 7% Sale 53 % Sale 23 7% 8% 18% 15,000 Thompson (J R) 177,300 Thompson Products 135,100 Thompson Starrett 3,700 16,400 12,400 3,100 71,700 2,900 41 39 21 Sale 27 Texas Pacific Coal & Oil...10 7% Sale 8% 22 16 % Sale 12 % Sale Sale Sale 19 28 Lowest 31 22% 18% 6% 43% 4% 31% 9% 8% 21% Thatcher 1,810 2% 6% 19% Corp...* Texas 8c Pacific. 590 3% Sale 5 Tennessee Corp........—..5 Texas Corp (The) 25 Texas Gulf Producing Co—* Texas Gulf Sulphur * 18,800 5,300 Sale Dec. Ask Bid Sale 24 Bid 1 Corp.... 41,700 1.700 16,000 38 22 525,400 Tex Pac Ld Trust ctfs 100 27 * * * 78,300 Swift Internet Ltd Symington-Gould Corp with stock purchase warrants. 1 245,800 Without warrants........ 1 157,700 .-9 13,900 Talcott (James) Inc 5 % % preferred 50 1,060 elautograph 22 3 3% 8ale Sale Sale ... 27,100 150,400 1,516,100 379,900 283,800 377,100 Ask 2% 4% 9% 18% 1 1,372,200 Stone k Webster.....——* .1 935,900 Studebaker Corp.. * 43,000 Sun Oil 6% preferred 100 3,290 402,400 Sunshine Mining Co.......10 122,100 Superheater Co (The)--— 1 565,000 Superior Oil —10" 130,500 Superior Steel 10 54,900 Sutherland Paper Co 9,150 Sweets Go of Aaser (The).-50 25 232,500 Swift & Co 200 28,700 27,200 * 25 1,414,100 Standard Oil ef N J— 25,100 Starrett Co (The L S) .10 95,300 Sterling Products Inc 316,400 Stewart Warner Corp......5 67,900 Stokely Bros k Co Inc—.—1 1,900 144,400 34,600 33,200 16,000 30,100 4,800 3,100 1 * 868,100 Stand Oil of Calif 690,600 Standard Oil Co of Ind—25 10 6,200 Standard Oil of Kansas 28,900 13.900 4,600 11,100 -.1 . Standard Investing 11,900 4.400 48,800 .. . 153,900 117,100 420 Spear 8c Co * 00 * Spencer Kellogg fc Sons....* $4.50 preferred 27,600 ... 115,000 tStand Com'l Tobacco 298,700 Standard Gas k Elec $4 preferred. 521,300 $6 prior preferred 43,800 283,200 $7 prior preferred 21,600 23,700 4,200 20,700 47,800 6,300 1st 69,600 Splcer Mfg Co * 5,400 <3 conr preferred A. * 1,190,800 Spiegel Co Inc ......—2 Conr $4.50 pref— 26,920 * 122,200 Square D Co class B. -—...1 • 1,291,900 Standard Branda 2,700 123,200 8c Bros preferred ....... Sparks Wlthlngton Spalding (A G) 1,724,900 Sperry Corp (The) 11 c 11,200 1,500 139,700 1,600 9,900 64,900 14,800 Dec. 1 1938 24,900 4,020 244,400 18,800 14,200 RANGE FOR Price Jan. 3 EXCHANGE lid 650 .251,100 9,800 N. Y. STOCK Par 2,700 A STOCKS Shares In 69 EXCHANGE—STOCKS Mar. 31 115 27 Nov. 10 • Dec. 13 Jan. 18 July 23 Nov. 10 Nov. 9 Nov. 4 162% Mar. 28 173 Mar, 29 10% July 19 JA June 20 35% Jan. 12 24 13 3 5} Mar. 31 Mar. 30 Mar. 26 30% Nov. 14 7% Oct™ 11 13* NOV. 16 50 Mar. 29 Nov. 12 21 Mar. 30 2 Mar. 31 21 Mar. 31 49% Oct. 13 July 25 56% Nov. 9 45% Jan. 3 109% Nov. 21 7-2% Oct. 13 Dec. 1 *44% Mar. 31 Dec. 3 *55 Mar. 31 70% Mar. 5 10 N. Y. STOCK EXCHANGE—STOCKS AGGREGATE SALES In 12 Months December Price Jan. 3 1938 Shares 313,900 13,700 9,000 970 8,300 6,000 18,600 1,200 2,000 5,100 1938 101,800 United Stockyards Corp 18v100 5,420 190,200 76,300 1,110 430,000 59,600 1,050 35,300 80 10 19,700 8,400 6,950 1,080 1,420 . (70c) 100 Preferred Universal Pict 1st pref ..100 ^Utilities Pow & Light A 1 Vadsco Sales Corp..........* Preferred 100 Vanadium Corp of America.* Van Raalte Co.... .......5 7% 2,750 Vulcan 6,500 10,000 300 5,700 9,750 800 52,600 10,600 1,600 2,500 8.700 1,500 128,100 1,140 14,600 300 140 3,600 7,100 8,500 2,000 90 9,700 1,500 410 1,060 1,290 100 100 Detlnnlng..— 7% preferred... 46,000 t Wabash Preferred A 74,400 Preferred B 1,440 39,500 Waidorf System 56,050 Walgreen Co 10,900 4%% pref with 100 100 100 * * warr 100 * 904,700 Walworth Co. 144,800 Walker(H) Gooder Be W Ltd.* ... Preferred * 15,900 48,100 Ward Baking Co class A * Class B * 101,500 7% preferred 18,650 ...100 1,388,200 Warner 8,280 $3.85 52 11 Sale Sale Sale 158 159% % 15 l&x 32 Sale Sale 113 3% 4% 10% 18 114% 118 49% 57 L19 125 2% Sale 3% Sale 2% Sale 40% 18% 10 41% 18% Sale 2% Sale 36 39 5 * 154,100 Wayne Pump Co 66,300 3,650 61,800 9,100 4,740 8,610 Webster 1 conv preferred 7% preferred • 8,250 380 6% preferred.... ...100 5,150 West Penn Pow pref 7%..100 590 6,200 25,800 6,000 3,100 10,800 52,400 48,200 50,100 54,700 310 9,200 200 24,400 11,100 6,500 3,200 3,600 23,500 4,700 29,000 4,400 20 7,100 59,700 15,800 60 2,300 1,480 6,600 8,200 75 118% 2 8% 51 19% 14 c Sale \X 2% 31 4,280 7 °7r 1st preferred 130 * 14 ... ...» „ Westvaco Chlorine Prod • 5% preferred..30 110 Wheeling & Lake Erie Ry.100 630 5% % conv pref 100 271,400 Wheeling Steel Corp ....♦ Preferred. 1,500 .100 $5 conv prior preferred 16,500 • 5,000 White Dental Mfg Co (S S) .20 567.600 White Motor Co... ....1 62,000 White Rock Min Spgs Co * 62,900 White Sewing Mach • Convertible preferred 55,100 * 59,500 Wilcox Oil Or Gas 5 238,300 Willys-Overland Motors——1 123,200 6% conv pref ......10 • 312,900 Wilson 9c Co $6 cum preferred 36,100 100 140 Wisconsin El Pow 6% pref 100 154,200 Woodward Iron Co .....10 795,300 Woolworth (F W> 312,700 Worthlngton P fit M—i 7% preferred "A".. 1,770 15 32 12 Sale 24 Sale 85* 34% "56" Dec. 1 131.300 Young Spring 8c Wire 1,449,900 Youngst'n Sh A Tube 10.470 2.600 Trk 7% & C'ch class preferred 1% Dec. 7 1% Dec. 6% Dec. 22 5H% 6 16 Dec. 9 74 9 Sale Sale 48 Dec. 21 Dec. Dec. 31 1 30 19% Dec. 21 12% Dec. 28 Dec. 28 17% May 18 Dec. 1 Dec. 1 8 2 Dec. 5 23 20% 20% Sale Sale Sale 36% Sale 2% Dec. 28 31% Dec. 27 5% Dec. 20 Sale 36% Dec. Sale 39: 3 11 14 Sale Sale 31% Sale 23% Sale 3% 1% 33* 1 Sale Sale Sale No par value, 3% Dec. 24 Dec. 10 6% Dec. 16 Mar. 26 Mar. 26 Mar. 31 3% Mar. 26 20 Mar. 26 1% Mar. 31 Mar. 31 5 8 31 25 Dec. 30 17 Mar. 30 34% Nov. 10 2% Dec. 28 % Dec. 12 Dec. 12 Dec. Dec. 30 Dec. 12 5 29 8 Dec. 13 78 Dec. Dec. 22 Dec. 29 22% 2% 5% % % 2 Mar. 26 % Sept. 25% 71 Apr. 8 70 Apr. 1 82 M May 31 1 Mar. 29 Dec. 1 Dec. 8 Mar. 31 6 111% Jan. Dec. 29 12% May 31 Dec. 31 Dec. 30 Dec. 7 3 Dec. Dec. 24 Dec. 27 1 Dec. Dec. 12 Mar. 31 Mar. 25 116 1 Mar. 23 Dec. 12 Dec. 1 Mar. Mar. Dec. Mar. Sale Sale 70 80 75 15 Mar. 21 14 Mar. 39 Mar. 9 Dec. 30 Dec. 2 Mar. Dec. Apr. 73% Dec. 28 28 Dec. 29 Mar. Nov. 12 Jan. 4 10% 1 y\ 11% 5% 1% Dec. Dec. Dec. Dec. 27 Dec. 20 Dec. 31 Mar. 19 Dec. 29 5 Sale Sale 58 Sale 50 Sale 5% 12% "13% Sale" 36 Sale §6"" "37" 36 81 60% 23 45 Sale 63 Sale Sale 72 §7% 37 51 Sale 73% Sale Sale 37% Sale 73% 80 Sale Sale 87% Sale 13% Sale 2% Sale 2% 2% 4% Sale Sale Sale Sale Sale 106% Dec. Dec. 2% Dec. 10 24 Sale 22% Sale 48% Dec. 28 2 19% Dec. 67 66 39 54 Sale 59 38 50 119% 77 31% $8 Sale 32% Sale 31 82 Sale Sale 20 Sale 3% Sale Mar. 1 June 2 June Mar. 4% Dec. 31 3r 7 Mar. Oct. 19 Mar. Jan. Mar. 36 Dec. 38% Dec. 30 Mar. 47 Dec. 28 Mar. Oct. 108 % Dec. Dec. 71, „ 9 Dec. 103 12 Dec. 20 17 9 48% Dec. 80% Dec. 27 % — 2 23% Dec. % 17% Dec. 12 Dec. 52" ' 5 121 9 78 29% Dec. 28 5 17% Dec. 19 D ~ ec. 19 Dec. 29 T)o/> 28 5 32% Dec! 20% Dec. 31 07 Dec. 20% 54. % 86] % 31 % 20% 3% 1 Dec. Dec. 31 Dec. 12 Dec. 30 "' P 3 24% Mar. 1 Dec. 5 Dec. 28 " Sale Sept. Mar. 1 51% Dec. 22% Dec. 30 66% Dec. 27 "75" 108 19% Sale Sale 80 Dec. 2 44 Dec. 7 106% Dec. 5 26% Dec. Sale r25 50 Dec. 3% Dec. 2% Dec. 3% Dec. 23 Dec. 21 37 106% Dec. Mar. 7 Dec. 12 1% Dec. 27 4% Dec. 28 14 25 14 Dec. 15 Dec. 1 J Companies reported in receivership. Corp. Dec. 30 61 1 15 23 Dec. 20% July l\x 60 Mar. Dec. Dec. 22 9 Nov. 10 Oct. 14 Oct. 24 May 1 13 23 Nov. Mar. 19 Jan. 4 Dec. 2 22 90 57 Dec. 26 10 11 July SI* 95 78% Dec. 6% Sale 1% Sale 20 19% 144 29 2 Jan. July 20 M 31 14 Sale Jan. Dec. Dec. 60 2% 2% 2% Sale 4% Sale , IN Dec. Dec. 60 Oct. 15 28 Jan. July 30 82% July 29 3 102% Jan. 103% Dec. 13 3 97% Jan. 126 Nov. 22 2 119% Nov. 26% Dec. 30 4% Jan. 10 1 18% Dec. 29% Dec. 92 r 4% Ax 39 D3c. 12 38 Sale •7^ Dec. 9 Nov. 10 Oct. 13 Mar. Dec. 31 Dec. 15 38 Sale *21 1 Mar. 31 Dec. Sale 5 Mar. 30 38 Sale Sale Nov. 20% Dec. 28 19% July 27 4 July 16 51 July 20 8 July 19 45 Aug. 6 4% July 15 16% July 15 11 140 Sale 13 Dec. 9 July 22 54 30 Sale 10% 2% 4% 3% 8% 20% 87% 10% Dec. Dec. 90 Sale 31 5% 21 32% 21 116% 2 4% 20 15% 11 120% 28 77% Dec. 15 119% Oct. 26 3 20% Dec. 28% Dec. 22 2 Sale 14 Sale 25% 2 Dec. 29 Dec. 28 Sale 8* Nov. 6% Dec. 16 16% Mar. 31 20% Dec. '22 9 26% Dec. 5 111% Dec. 148 136 Dec. 12 1 19% 18 Dec. 108 • 9 4 % Mar. 30 Mar. 31 16 * . Dec. Dec. 7% Deferred delivery, r Cash sales, x Ex-dividend. y Ex-rights, b Change of name from United American Bosch, g Change of name from Peerless a 2 Dec. 27 Sale Sale 13% Sale 100 Dec. 6 Dec. 7 Dec. 31 Dec. 7 92% 85 Dec. 28 103% 100% Dec. 15 Sale 86% Dec. 23 95 Sale * preferred 253,200 Youngstown Steel Door 500.700 Zenith Radio Corp 219,700 /onlte Products Corp Mar. 29 Dec. Dec. 8% Sale 68% 81% ...100 Mar. 23 Dec. 7 Mar. 31 June 10 Mar. 21 14 100 I 1% 1% 5% 13% 1 Sale 8% Sale 9% 10% 1% Sale 12% 13% 19 Dec. 31 Dec. 31 Dec. 1 Dec. 1 Dec. 23 1 Dec. * B 12 Sale 16 .... Mar. 29 Mar. 31 37 Sale 60 6% pref B .100 Prior pref 4%% series..100 Prior pref 4% % conv ser 100 22.610 Wright Aeronautical Corp..* 31.400 Wrigley iWm) Jr » 59.900 Yale Be Towns Mfg Co.....25 15 1% Apr. 13 5% Mar. 26 100 105 63 10" 20,000 31,500 Dec. Mar. 30 80 67 Sale Sale .10 2 Dec. 22 Dec. 16 105 22 100 .... Dec. 2% Mar. 29 15% Mar. 30 7 25% Sale 28%. Sale 117% Sale W* 30 2 13% Sept. 28 16 Sale 37% Dec. 8 84 Sale 139 18 31 19 113 Sale Sale 1* 1 Dec. June 87 Sale 87 Sale 50 .... 71,200 Weston El Instrument Class A. 6 Dec. Jan. Sale 9% 28% 21% 4 28 116% July 2% Sale 36„ 40 6Vs Sale 36% 39% 3% 4 13 17 100 1.180 12,400 113,800 * 72 Sale 3,417,200 Yel 900 3% 13 134% Sale 101,600 41.300 21,800 22,700 11 23 4 25 10 Sale 1V 116 3% 400 T.766 Jan. July Feb. July Jan. 114% 23 890 1,000 10 Dec. 23 28 Dec. 9 115 Dec. 23 3% Dec. 22 9 Dec. 16 119 Dec. 19 77% 154,400 Western Auto Supply Co.. 10 37,200 13,800 100 25% Dec. 31 Dec. Sale 115 30 20,600 2 Sale 122 4,100 3,200 10 50 Dec. 4 26 Sale 24% Sale 23% Sale 99% Sale May 11 159% Dec. 15 27% Mar. 30 83 Dec. 8 % Dec, 8 1% Jan. 7 % June 22 1% Jan. 10 16 Mar. 26 28% Oct. 20 11% Mar. 31 28% Nov. 9 14% Mar. 31 36% Nov. 12 22 Sale 479,800 Western Union Teleg 100 384,700 Westlnghouse Air Brake ...* 1,232,500 Westlnghouse El 9c Mfg..50 2 21 Sale .100 Nov. 12 Dec. 13 Oct. Dec. Jan. Jan. Nov. Jan. Jan. Feb. 117 100 13 113 Dec. 15 Jan. 116 Second preferred 14,300 42,100 Western Pacific 125,200 6% preferred 3 22% Dec. 19 28% Dec. 15 33% Dec. 31 52 86 57 92 125 66.800 Western Maryland.......100 1 3 Mar. 31 42 ........100 6% preferred 5 8 Feb. 7% June 13 40 io9f* 100 5 15 37 48 134 30% Mar. 30 fA .._..* ..... a 28 14 13 Sept. 9 July 21 July 29 July 25 97 1 West Penn El Co "A" 3 2 AV* Dec. 20 52 Dec. 5 lix Dec. 21 86 Dec. 5 159% Dec. 5 83 Dec. 6 9 Dec. 28 Dec. Oct. 10 June 20 Dec. 20 Dec. 31 4 * 8% Dec. 19 Nov. 12 Dec. Eisenlohr Wells Fargo 9c Co Wesson Oil Be Snowdrift $4 16% Sale 13% Sale 24% 25 16 22 38 Mar. 31 71% 91% May 31 121 29% Mar. 30 36 40 Apr. 25 47% 3 Dec. 23 5% 7% Nov. 29 10% 1% Mar. 26 3% 57 * 89,200 Waukesha Motor Co.. 3% Sale 10% Sale 69% Dec. 31 3 118 Dec. 31 1 35% Dec. 31 1 45% Dec. 22 23 1 3% Dec. 40 85% 74 Sale Highest Sale Prices Dec. 28 18% Sale 7 5 Lowest Sale Prices 80 Sale 39 72% Sale * 114 Highest 21 38 Sale Sale 36 ...* lip 1% Sale 7% Sale 17% Sale 7 preferred.....* $1 First preferred 93,100 Warren Fdry 9c Pipe 24 26% Sale 32% Sale Sale 140 72 SIX Sale 6 243,600 tWarren Bros Convertible prefer red 19,800 14% Sale 18% 3% Sale 22% Sale L08 54 ' 13% Sale 5 Bros Pictures conv 0 Sale Sale 30 ' 1% Sale 20 Sale 147% 9% 50 139 Sale 450 640 8 Sale 105 100 330 Sale" 97 7,450 Virginia Elec 9c Power i% pf* 4,960 Virginia Iron, Coal Be CokelOO 2,380 5% preferred... 100 2,700 Virginia Ry Co pref ..100 46 Sale YEAR 1938 Sale Prices Prices Dec. Dec. Dec. ,Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Sale Sale Sale 41 100 Sale 4% A** 40 t Sale Sale RANGE FOR Lowest Ask Sale Sale 5 0% preferred Dec. 31 Ask Sale 105% Sale 100 1st preferred Vlck Chemical Co 30 Vicks Shreve & Pac Ry Co. 100 48,500 Victor Chemical Works.....5 173,000 Va Caro Chemical....... * 142,350 Ask Bid 1 * * 162,700 United Stores A 9,300 $6 conr preferred —* 14,100 Universal-Cyclops Steel 1 * 23,500 Universal Leaf Tobacco 1,110 35,400 13,000 3,200 Conv pref Dec. 1 53 % 100 65,300 U S Tobacco...........—. 5,310 7% preferred....———25 1,830 140 Par Shares 5,192,560 United States Steel 7% preferred 188,400 300 26,200 3,300 PRICES IN DECEMBER STOCKS N. Y. STOCK EXCHANGE Mar. P 5% Mar. Mar. Mar. Mar. Mar. Mar. Jan 21 22 Oct. 19 Jan. Aug. 6 Oct. 26 Jan. 10 July 19 Jan. 21 7 27% Nov. 14 Wi ilv, Nov. Nov. July 9 9 19 Nov. 14 48% Nov. 16 65% Nov. 9 Dec. 29 Dec. 28 Mar. Jan. Jan. 106% Dec. Mar. Jan. Nov. 12 July 19 July 25 39 21% 109 July 5 Oct. 19 Oct. 13 25% Aug. 26 57% 86% 31% 25% 5% Nov. 12 Nov. 15 Dec. 30 July 7 Mar. 7 f Called for redemption. Stock Sales Shares. 1937 1938 December 6,840,699 104,178,804 6,164,437 49,640,238 Jan. 1 to Deo. 31 Bond Sales 1937 1938 December NEW YORK CURB EXCHANGE OF PRICES ON RANGE - Jan. 1 to Deo. 31 $31,546,000 442,361,000 $35,966,000 366,984,000 NOTICE—Deferred delivery .under the rule and cash sales, are disregarded in the month's range, unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the range for the year. AGGREGATE Shares 325 500 17,900 150 7,200 7,000 6,200 200 2,100 250 630 520 1,100 1,150 600 — *. 500 50 12,900 2,950 1.600 ?00 9,150 650 14,800 1.200 900 300 9,900 Ask Bid Aero 19 % 3% Sale 16% Supply Mfg class A Class B._ * - 1 5 Agfa Ansco Corp com Alnsworth Mfg Corp com Air Associates Inc common. 22 24 Ask Bid. 24 Sale Sale 6% Sale 11 Sale "IK "~2~ 2 20 Ala Gt Sou RR ordinary...50 Sale % Sale 48% 52 % Ala Power Co $7 pre* 16 preferred , 63 52 Air Investors Inc common..* Convertible preferred._._* Warrants ....... * _* Alles & Fisher Inc common.* Alliance Investment * com 14% K 25% % 58 Lowest „ 61 Ask r26K Sale 32 28 % 22 5% 10 K 6% Sale 1 . Bid 34 Acme Wire Co ▼ t C........26 % 24 22 5% Sale 32% 307% 220M ,61* 72% 62% Sale Sale Sale 11% 2% 2% 2 2K 2 1 1% IK IK 1% Sale 13 conv Highest Sale Prices Dec. 30 26 Dec. 22 5 Dec. 5 5 Dec. 22 32 5% Dec. 9% Dec. 9 5 Dec. 28 Dec. 16 2 21 23 Sale Kt Dec. 28 56 Dec. 5 71 Dec. 27 Sale 61 % a62% 2% 1% Allied Internet Investing.. Dec. Dec. 2 13 12 1% Dec. 17 5 % Dec. Lowest Sale Prices 28 Dec. 30 22% Dec. 23 Dec. 30 6 34 Dec. 1 7% Dec. 31 12% Dec. 15 Dec. 30 3 Dec. 16 Dec. 16 Dec. 27 Dec. 8 21 60 75 63% Dec. 19 Dec. 2 12 1% Dec. 27 5 % Dec. preferred.........* Allied Products Corp com..10 Class A 25 Aluminum Co common... 6% preferred... * 100 * Aluminum Goods Mfg Aluminum Industries com. 117,800 Aluminium Ltd.... 6,450 6% preferred 111.600 American Airlines 7 10 13% Sale 77 % Sale 105 Sale 15% * Sale 20 Sale 112 Sale 14 K 15 90 1 100 32,130 Amer Box Board Co com 1 2,700 Amer Capital Corp cl A..10c Common class B 10c 14,100 5,700 13 preferred * 15.50 prior preferred 1,150 * 153,800 American Centrifugal Corp.l 98 9% K 48 7% 3 % 8% Dec. 9 19 Dec. 19% 116% Dec. Sale 110 Sale zl08% Dec. 14 Dec. 14% 15 3% Dec. 7% 18% 128% Sale Sale 136 Dec. 1% Sale Sale 4% 23 K 23% 57 65 IK Sale 139 % Sale 108 Sale 70 100 940 American BOok Co_.._. 16% 8K 17 120 K * Inc.... 10 4,400 Amer Beverage Corp 50 1,900 1,100 2,800 Par Dec. 31 Dec. 1 1938 2,625 2,400 147,600 11,500 56,900 27,400 35,200 4,000 27,000 2,425 3,660 4,117 3,300 5,150 1,800 2,500 1,700 1,600 163,300 29,710 9,200 2,860 1938 Jan. 3 1938 STOCKS YEAR Price NEW YORK CURB EXCHANGE 12 Months Shares RANGE FOR PRICES IN DECEMBER SALES In December 109% 107% 109% 107% Dec. Sale 18% Dec. 20% Sale % Dec. 1% K 1% 59 Dec. 64 58 61 Sale 7% Dec. 8% 9% 4 2% Dec. 4 % 2% % Dec. % K % 23 25 22% Dec. 24% 75 73 67% Dec. 67% 1 Dec. Sale 1% 1% 20% 60 K 9K 2K K 22% 67 K IK 139 8 8% Dec. 8 Sale Prices 17% June 17 14% Feb. 5 2% Apr. 1 23 Jan. 4 5% Mar. 31 7% Oct. 11 Mar. 28 1 11% Mar. 29 % Sept. 29 33% Apr. 20 50% Mar. 31 44% Mar. 29 Mar. 30 2 K Apr. %Aug. 8% Aug. 6 May 12% Mar. Dec. 12 5 129% Dec. Dec. 14 112 15 58 1 93 Dec. 23 12 19 Highest Sale Prices 12 kr.J-5 19 4 11 10 23 26 31 14 Dec. 12 5 3 June 6 10 142% Dec. Dec. 27 109 12 20% Dec. 15 67 Mar. 10 94% Feb. 16 28 9 2 12 29 10 63 Dec. 8 1 Dec. 21 44 2 16% Mar. 11 5% Feb. 25 Oct. 64 Oct. July Aug. Apr. July Aug. 3 K Mar. Mar. *i6 Nov. 10% Mar. Apr. 56 24 Nov. 12 1% Jan. Mar. 3 7 19% Nov. 15 22 6% Mar. 68% Dec. 1% Dec. 15 7 K Feb.10% Nov. 10 11 Aug. 26 112 % Mar. 9% Dec. 2 % Dec. 23% Dec. 22 6 1% Oct. 145% Nov. 12 Mar. 8 Dec. 23 6 2% Jan. Mar. 30 129% Dec. 15 Nov. 12 Apr. 4 114 Dec. 1 Feb. 10 22% Dec. 23 6 Nov. 23 37 July 19 10% Aug. 8 12% Nov. 18 3% Nov. 22 23 Nov. 22 K Nov. 23 61% Nov. 16 76 Oct. 15 67 Oct. 17 34 20 8 19 11 2 30 11 1 1 Dec. Dec. 31 16 Apr. 30% Oct. Dec. 30 Dec. 1 16% 1% 25 15% Apr. Mar. July Mar. 18 3% Jan. 15 27 % Jan. 4 30% Nov. 9 2 July 5 12% Feb. 15 37% Oct. 15 Id Amer Cities Power Ac Lt Corp 2,050 4,550 10,600 11,400 29,400 79,300 Conv class A-. Class A with warrants ..25 25 Class B.. 1 2,400 260 Amer Cyanamld com c| A.. 10 Common class B a V 486,600 ..10 48,500 Amer Ac Foreign Power warr. 12,500 Amer Fork Ac Hoe Co com...* * 460,800 American Gaa Ac Eleccom $6 preferred. 24,325 ...* 15,300 1,000 60,000 American General Corp...10c 12 preferred............ 13,700 1 42,700 16,100 1,900 58,900 175 500 12.50 preferred... 6,550 Amer Hard Rubber Co com.50 125 1,225 Amer Invest of 111 com 19,600 Amer Laund Mach com....20 25 123,400 Amer Light Ac Trac com 6,800 6% preferred .25 7,650 Amer Mfg Co common 100 1,800 900 1,425 165 19,500 2,200 1,400 250 17,900 1,500 172,500 1,500 7,800 1,200 3,800 2,300 2,200 210 18,000 11,400 144,100 34,432 1,900 5,250 Preferred ... ........100 American Maracaibo * Amer Pneumatic Service 12,600 Amer Thread preferred.....5 * 21,800 Anchor Post Fence com 22,200 Angostura Wupperman 23,500 Apex Elec Mfg Co 1 common..* Appalachian Elec Power—• 17 preferred 3,325 62,200 tArcturus Radio Tube 1 50 2,400 15,800 Art Metal Works common...5 10,200 118,400 Ashland Oil Ac Refining Co.l 50 Assoc Breweries of Canada. * 50 • 2 27 K 28% Sale 28 27 Sale Sale 2 Sale IK Sale 11% Sale Sale 28 Sale 27 Sale Sale • 110 4 Sale 9 22% 'Dec. 22% Dec. 21 1% Dec. 21 r% Sale 10% 32% Sale 3 23 % 4 24% % Sale Sale % 26 Sale 32 29 13 4% 24% 27% 10% 25% % 9% 29% 116 112% Sale 4% Sale 23% 27 28% Sale 9% Sale 10 12 K 20 24 19 Sale 17% Sale Sale Sale 17 Sale 18 12 % 22 26 25% 16% 26 18 % 23 63 73 65 K Sale Sale 26 27 16 50 Sale Sale Sale 22 % % Sale" 6 1 74 13 3K IK 3% 10 Sale 6 3% Sale 78 4K Sale 6% Sale 6% 4 K 2% 2% 6 % 83% 6% 8% 62 Sale 56 5 5% % Sale 70 76% % 2% 2% Sale Sale Sale 6 Sale 85 Sale Sale 7% Sale 5 33 Dec. 16 % Mar. 8% Mar. 19% Mar. 104 23 25 Mar. 33 Dec. 30 8 Mar. 14% July 25 Dec. 3 26 26 Oct. Dec. 20 5 Dec. Dec. 20 Dec. 19 18 Dec. Dec. June 27 17% 15% 25% 12% 14% Mar. 30 20 Aug. 17 Dec. 31 10 26% Dec. 28 22 Dec. 28 2 17 3 14 6% 4% Sale Sale 3% Sale 6% Sale % Dec. Mar. 29 June 29 % Dec. 1 Dec.' 31 Dec. 58 15 Dec. 27 16 Dec. 14 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 20 Dec. 1 5 28 5% Dec. 15 3 10 Dec. 108% %6 2% 2% 5% 83% Dec. Dec. Dec. Dec. Dec. Dec. 28 19 10 9 Dec. 29 73 Dec. 1 23% Dec. 31 Dec. 31 I* Dec. 5 Dec. 5 12% Dec. 30 19 109% Dec. 29 17 19 % Dec. 2% Dec. 1 3 Dec. 6 29 8 Dec. 10 1 85 19 5%, Dec. 22 4% Dec. 28 Dec. 30 5 Apr. Dec. June 17 Mar. 26 16 Dec. 27 Feb. 4 2% July 11 4 Dec. Dec. 19 10 4 Apr. 1 Jan. 6 16% Feb. 21 109% Nov. 22 %«Feb. 8 4% Jan. 11 4% Jan. 12 2% Mar. 4% Mar. Dec. 1 Dec. 30 17 11% Aug. 16 7% Jan. 6 1% Oct. 17 75 Jan. 17 27% Oct. 28 Sept. 14 2%~ Mar. 7 7% Dec. 16 96 59 5 Dec. 30 25 6 % June 30 Mar. 28 .6 18% Oct. 1 26% Dec. 28 Jan. 17 70 Sept. 13 1 Jan. 12 32 Oct. 26 58 Mar. 30 Mar. 18 % 55% 8% 3% 1% 2% 7% 1 Nov. 23 % Dec. Apr. % Dec. 30 Jan. 29 8% 4% % 66% 15% 3% 1% 2% 28 5% Nov. 7 28% July 21 11% Apr. 54 Apr. 54 16 . 21 6 6 9 28 115% Nov. 18 Apr. 2% Mar. Apr. Dec. 16 3 Dec. 20 26 Sale Sale Sale Sale Sale Sale 28% Dec. 30 5 1% Dec. 10% Dec. 20 18 30% Oct. 24% Dec. 31 6 28% Dec. 7 11% Dec. % Dec. % 19% 3% 3% 1% IK 2% 3% 12% rl2% Sale Sale 5 13 85 Sale 20 14 3% Sale 6% 5K Sale 6% K Sale 3% Sale 71 56 Sale 13 17 2 5 115% Dec. 27 1 4% Dec. % 29 IK % Dec. Dec. Dec. Dec. Dec. Dec. Dec. 27 26 115 1 OH .* Amer Potash Ac Chem Corp..* 285.000 Amer Republics Corp com 10 38,400 Amer Seal-Kap Corp com 2 623,900 American Superpower * 1st preferred S6 series....* 9,400 Preferred $6 series * 72,800 25 K 24 K Sale 2K 1 American Meter Co * 99,900 Arkansas Nat Gas com Class A ...♦ 383,800 Preferred 10 61,800 720 Arkansas P At L 17 pref * 40,800 18,000 30 Sale 27 1,000 13,500 26 24 Dec. 10 9 July 20 5% Nov. 4 16 Dec. 30 8 Mar. 86 Mar. 9 3% Mar. Dec. Nov. Associated Elec Industries— 3,700 7,400 57,200 6,900 15,200 800 10,000 American deposit rects £1 35,700 Assoc Gas Ac Elec com Class A 312,125 15 preferred 55,800 Warrants 98,100 3,600 Assoc Laundries of Amer 1 ... 1 ...... • ...... 7 Sale 9% Sale 8% % Sale 1 Sale 1% Sale Sale Sale 7% Sale % ......... * % 9% 8% %6 Sale 50 RR Co pref 10 100 170 Atlanta Gas Light 6 % pref 100 36,100 71,900 5,050 115,000 72,420 184,600 12,200 47,700 For footnotes Atlantic Coast Fisheries... Atlantic Coast Line Co....50 Atlas Plywood Corp.. Austin Silver Mines. 78% 3% 28 4% 63 1 & 3% % 23 K Sale IK Sale 8% Mar. 31 11% Jan. 27 Dec. 31 % Dec. 14 K Apr. 1 3% Mar.30 1% Oct. 11% Oct. Dec. 28 %9 Jan. 5 % Mar. 24 % Mar. 24 2 Sept. 6 Jan. 17 1% Dec. 31 8% Dec. 31 Dec. 28 31 % Dec. 1 % Dec. 28 3% Dec. 29 Sale Sale Sale 1«< Mar. 3 67 Mar. 30 2% Mar. 31 70 3% 30% % 23% Sale Sale % 23% Sale Sale 1% %4 Dec. 1 Dec. 70 Sale" Sale ...* Automatic Products Corp..5 53. 73 % Sale Atlas Corp warrants see page • 8% Dec. 27 % Dec. 14 % Dec. 16 6 Dec. 13 1 % Dec. % Dec. 28 7 2% Dec. Sale V t c common * 2,100 400 Assoc Tel & Tel class A.....* Atlanta Birmingham & Coast 400 12,100 1,960 22,100 13,100 10% Sale % 1 IK Sale 3 Sale 2% 26% % 22% % 1% Dec. Dec. Dec. Dec. Dec. Dec. 13 2 28 19 3 28 3% 30% % 25% Dec. Dec. Dec. Dec. 16 Dec. Dec. 31 % 6% % % Mar. 30 Dec. Mar. Mar. Mar. 28 30 26 26 Jan. 1 8 1i 17 Mar. 16 3% Dec. 39 -as 3 70 Mar. 98 Nov. 17 5% July 25 30% 1% 25% % 3 Dec. 29 Jan. 11 7 Dec. Jan. 12 Dec. 31 YORK NEW 42 AGGREGATE SALES December 8hares Shares 30,000 175 25 700 150 71~, 600 1,100 401,000 18,940 1,970 11,600 Dec. 1 1938 Par Auto Voting Machine com.." Avery (B F) Sons Co 5 6% preferred w vr 25 6% preferred iw 25 Bid Ask 7 X 8 634 834 142,100 Babcock 3,650 36,500 26,670 276,100 7X 434 IX Sale Dec. 31 Ask Bid 13% 154 Corp Axton Fisher Tob class A.. 10 19,300 Bid 16 Purchase warrants Aviation & Transport DECEMBER RANGE FOR YEAR 1938 Price Jan. 3 STOCKS (Continued) 3,500 2,600 EXCHANGE PRICES IN NEW YORK CURB EXCHANGE 12 Months 1938 In CURB 7X 534 17 X 20 2X 334 Sale 45 Sale Lowest Ask 7% 8% 4% 534 13 1934 1334 19 134 IX 3% Sale Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 734 Dec. 28 4 Dec. 7 Mar. 28 Dec. 10 834 Dec. 15 434 Dec. 15 1734 Dec. 16 4 16 5 15 Dec. 12 Apr. 15 3 Mar. 30 334 Dec. 2 40% Dec. 28 Dec. 12 134 Nov. 334 Dec. 30 4634 Dec. 1 1334 Mar 19 31 Sale 20% Sale 2834 Dec. 22 3134 Dec. 1434 18 Sale 21X Sale 7 134 Sale 1034 2134 Dec. 31 834 Dec. 31 734 Dec. 7 1 Sale 1734 Dec. 12 5% Dec. 2 7% Dec. 22 X Dec. 15 & Wilcox Co 634 Mar. 31 15 934 July 29 834 Jan. 12 21 20 254 Jan. Mar. 26 June Jan. 20 1734 Aug. 26 7 13 3 34 Dec. 30 4634 Nov. 29 30 3 15 37 Oct. 2234 834 934 I34 234 10 734 934 434 6334 634 Nov. 9 Dec. 31 Jan. 15 Jan. 8 Jan. 8 Jan. 18 Nov. 7 July 23 July 12 Mar. 5 Jan. 29 14 Nov. 14 Baldwin Locomotive— 700 1,4(00 22,300 400 3,900 16,000 120 100 255,625 5,880 13,500 176,700 2,900 1,200 2,200 675 20,600 1,600 2,700 1,100 460 250 1,650 Barium Stainless Steel 4,000 1 Barlow & Seellg Mfg class A. 5 Basic Dolomite Inc common. 1 Bath Iron Works Corp 1 Beaunit Mills Inc common. 10 $1.50 conv 20 pref * * 83,500 Berkey & Gay Furn Co 49,000 Purchase warrants 4,200 Blckford's inc com 950 2,000 4,000 23,600 Birdsboro Steel 450 Blauner's * 1X Sale 8X Sale 6 X 7X 7X Sale 8 1 1 y% S*ile 634 "OX 834 Sale Fdy Ac Mech * Common ....... 7% 1st pref 6 5 24 13 1% 16 Sale Sale 334 Sale 5X 16 4% 26 X 10 X Sale Sale Sale- 4 5% 13 Dec. 23 60 4 Dec. 27 5 11634 11734 4 34 6 119 120 14 17 % Sale X X 10 11 13 % X, 15X 834 Sale Sale 30 Sale 10X Sale Dec. 4 120 8 2 2434 Dec. 934 Dec. 20 122 12034 17% 1134 15% 2734 34 % Sale Sale 34 15% £1334 128 7X Sale 2 Dec. 20 Dec. Dec. Dec. Dec. Dec. Dec. 8X 134 Sale 37 38 Sale IX Sale LX 38 X 41 10% IX 38 Sale Sale Sale 534 234 Sale 334 1534 1734 10 334 1034 434 54 X IX Sale IX Sale IX 2 12 X Sale 6 634 2X 10 X 7 X 10X 3 Sale Sale Sale 334 834 834 1254 Sale 9 Sale 7 X 3 21 8X 25 7Vs 234 2234 24 10 X 10 1034 4 4% Sale 3% 8% 334 28 21 6 8 Dec. 8 Dec. 6 Dec. 28 1 Dec. 21 3534 Dec. 22 634 Dec. 13 Dec. 1 21 Dec. 27 2 10 Dec. J Dec. 13 Dec. 5 Dec. 20 3434 Dec. 29 8 Dec. 2 8 Dec. 8 1634 Dec. 31 2034 Dec. 14 154 3834 734 334 2334 Dec. Dec. Dec. Dec. Dec. 31 8 16 10 28 834 Dec. 7 9 Dec. 15 Dec. 15 5 Dec. 6 2 1 Mar. 29 7 June 27 5 June 18 434 May 27 434 July 51 12 Mar. 31 3 May Oct. 6 21 134 Mar 834 Mar 834 Dec. 29 Dec. 30 Nov. 22 234 Mar Apr. 147 16734 Nov. 25 Dec. 121 2 L1334 July 534 Mar 1434 Mar 34 May 18 12 9*Oct. 20 13 5 Feb. Sept. 3 Dec. Oct. 10% Dec. 31 2234 Nov. 14 434 Mar 11 'Mar 34 June Apr. 434 Mar 134 July 34 6 Nov. 12 44 1234 July 534 Oct. 1034 Mar 834 Dec. 234 Apr. 25 21 31 Mar 1 12 Dec. Mar. 8 10 Jan. A 934 Mar. 6 Dec. 134 Jan. , 30 Aug. 26 31 54 Dec. Dec. 29 4 4 8* 22 634 Dec. 17 Dec. 30 Dec. 30 Dec. Dec. foi 16534 Dec. 15 16 23 11 2 834 Dec. 29 Dec. 19 12 7 28 121 8 "634 Sale' Dec. 23 Dec. 1 234 Mar 28 434 Mar 28 34 June 20 11 £162 * preferred—.... 43,400 Brazilian Tr Lt Ac Pr ord * 82,800 Breeze Corp ...1 381,100 Brewster Aeronautical ..<1 125,200 Bridgeport Machine * com 100 Preferred 2,000 Bright Star Elec class B 24,700 Brill Corp class A... 18,100 Class B 7% Dec. Dec. Dec. Dec. Dec. 31 15 .........100 2d 370 1 134 834 634 834 1134 Apr. 20 Oct. 13 Aug. 534 Nov. 4 7 Biltmore Hotels— 14,600 9,900 4,800 Dec. 29 60 5 14 * common 17,600 6,500 80 1 734 Dec. 5 5% Dec. 20 634 Dec. 23 33 96,200 Blue Ridge Corp com 1 18,400 $3 opt conv pref * 55,500 Blumenthal (S) Ac Co com....* 8,125 Bohack (H C) Co common.. * 2,460 7% 1st preferred ...100 2,350 Borne Scrymser Co 2b 10,150 Bouriols Inc • 500 1,350 854 Sale m Sale 246,000 Bliss (B W) Ar Co common.. 1 5,520 Bliss & Laughlln Inc com...5 810 """266 "634 Sale" 1 100 Bridgeport Gas Light Co...* 14,000 334 654 134 234 734 $2.50 Conv pref Bowman 1,000 2,700 3,400 16,000 60,600 for com 3,700 Benson & Hedges com 2,704 Convertible preferred 50 26,350 warr 96,300 Beech Aircraft Corp com—1 218,100 Bell Aircraft Corp common..1 190,700 Bellanca Aircraft common..1 1,680 Bell Telep Co of Canada.. 100 1,765 BellTelep of Pa 634% pf..l00 275 300 125 Purch Sale 800 Baumann (L) & Co com....* 220 7% 1st preferred 100 1,050 11,200 7,200 30 preferred 53,200 Baldwin Rubber Co com 1 16,500 Bardstown Distillery Inc...l 10 500 46,700 72,600 26,300 7% 12 preferred * * * 100 Brlllo Mfg Co common * Class A 134 Dec. 17 Sale 4 33 23 32 9X Sale 85 7X 36 Sale Sale X X 334 Sale 154 2 25 7X 8X 11 Sale IX Sale 11X 31 22 * 434 IX 25 X Sale 3134 3534 7% Sale 7134 75 54# 34 4% Sale IX 1% 2834 32 11 11% Sale Dec. 3 Dec. 834 Dec. 28 654 Dec. 21 934 Dec. 5 1934 354 1034 834 1234 554 Dec. 28 7 34 Dec. 2 12 334 Dec. 28 1 Dec. 13 2334 Dec. 13 Dec. Dec. Dec. Dec. Dec. 15 31 1 31 31 Dec." "I % Dec. 22 434 Dec. 1 134 Dec. 6 Dec. 30 Dec. 30 14 Dec. 1 11 Dec. 5 £12 31 Dec. 1 31 2134 Dec. 8 2134 Dec. 21 - 34 Mar 7 Jan 23 Apr. 434 Sept. 76 May 54 June 2 Apr. 34 Mar 15 Apr. Dec. 2 7 29 1934 Dec. 15 454 July 2 14 July 2 134 Jan 7 734 Mar 30 3 Sept. 28 234 Mar. 30 834 Nov. 23 1234 Dec. 31 25 Oct. 33 8* 15 Jan. 10 Mar. 19 Oct. x 24 21 12 Dec. 14 31 634 Mar. 2834 Mar. 11 534 Oct. 234 Oct. Oct. 30 Nov. 30 24 British-American Oil Co.—- 400 4,600 1,000 * 20 2034 20X 21 20 20 X 20 X 21%, .* 21% 21 2134 2134 263 263 27 X 27 X 23% 23X 24% 22 23 23 X 2134 2354 IX % Coupon stock (bearer) Registered 18 21 % Dec. Apr. 12 1934 Apr. 29 21 July 8 2234 Mar. 29 2334 Sept. 16 2734 Apr 2634 Jan. 13 28 21 British Amer Tobacco, Ltd— 10,700 1,100 Amer dep rets ord bear. £1 reg...£l Amer dep rets ord British Celanese Ltd— 1,600 5,100 Am dep rets ord reg 10s 150 British Col Pow class A "i',906 26,000 200 4,500 4,200 19,500 10 90 15,400 1,300 2,800 6,600 197,900 1,900 10,900 200 1,100 2,700 1 5 Class A preferred Distillery.__1 $6 preferred Cables Ac 1 Prod v 1*9",800 250 16,100 200 150 3,900 36,100 1,300 1,800 480 A stk • Class B ♦ Dec. 28 2234 Dec. 29 23 134 2X 21 7 734 Sale 3 Sale 2% Sale 1434 28 Sale 254 2% 634 1334 2734 2134 OX 39 9 Sale 21X 22 106 "U" Sale" 2X 3 Sale 1534 234 ..254 Sale 6 1534 27 2034 1634 2734 Sale Sale 234 '1434 Sale" 2 254 234 234 X* Dec. 1 134 Dec. 23 30 5 Dec. 23 Dec. 17 6 1434 Dec. 2234 Dec. 14 1934 Dec. 22 105 Sale 15 1 Dec. 28 7 33 Jan. 25 1534 Mar. 18 33 July 54 July Dec. 16 1434 Dec. 31 234 Dec. 27 9 234 Dec. %, Nov. 734 Dec. 15 5 Jan. 3 8 Dec. 15 14 Apr. 18 23 234 Dec. 7 Dec. 23 Dec. 6 Dec. 15 Dec. 2 Dec. 1 Dec. 28 Dec. 3 30 634 1634 2734 2134 10734 1534 234 254 X X 3 Dec. 27 Oct. % Sale 17 39 Oct. 25 3 5 107 34 Dec. 28 1834 Nov. 12 334 Jan. 15 Mar. Dec. 5 234 Aug. 134 Mar. % Dec. 16 15 Jan, 2234 Mar. 1 54# Jan. 31 434 Apr. 18 Apr. Dec. Dec. 40 234 Apr. 6 May 22 54 Dec. 1854 Apr. 88 Apr. 10 7 Mar. 14 334 Jan. 13 May 2 7 34 Nov, 16 134 May 28 8 1 21 2 5 19 534 3 54 19 4 34 2134 16 Oct. 5 19 Mar. 18 1734 1934 21 3X 434 334 4 IX Sale 10 X Sale IX Sale 30 3134 33 34 14 X 1834 22 334 19 IX 21 3X 20 X Sale 234 J2M 23ijmx 134 7 1 4 24 Sale 334 4 1,060 Castle (A M) Ac Co .....10 Cataiin Corp of Amer 1 138,700 234 2 34 134 30 434 Sale 1834 3 24 1834 11 Sale 16 17 23 20 234 2X 30 1434 6 Sale 7 1734 2234 434 Sale Dec. 3334 Dec. 29 234 Dec. 27 234 Dec. % Dec. 20 734 Dec. 22 1 34 Dec. 334 July 134 Dec. 1 8 Dec. 20 1 Dec. 1 4 Dec. 7 134 Sept. 28 134 Sept. 28 34 Sept. 27 7 Apr. 9 34 Jan. 27 15 4 Dec. 2434 £2234 Dec. 'A Sale Sale OX 3 34 3 34 Sale """% Sale" 87 34 80 28 X 31 9 Sale $6 preferred 382,700 Carrier Corp common 1 14,100 Carter (J W) Co common....! 31,100 Casco Products 110 25,400 conv 7,600 Carnation Co common _• 71,300 Carnegie Metals Co com 1 1,590 Carolina P Ac L $7 pref......* 50 2X 18 5 3,250 Canadian Car Ac Fdy oref..25 10,800 Can Indus Alcohol cl A.... * B non-voting 2,500 .....* 133,500 Canadian Marconi Co 1 3,175 Capital City Products. * 129,400 Carib Syndicate com 25c 200 Carman At Co 1,600 10,300 634 21% Sale 34 Nov. 19 7 Wireless— Am 125 Camden Fire Ins Assn 1,500 Sale 20 * t c dep rects 534% pref.£l 2,250 Caiamba Sugar Estate Co.20 400 2034 * 9,400 Bruce (E L) Co 5 10,600 Buckeye Pipe Line. 50 40,600 Buff Niag Ac East Pow pref.25 13,700 $5 1st preferred * 115,600 Bunker Hill Ac Sullivan..2.50 4,300 Burma Corp. Amer dep rets.. 28,200 Burry Biscuit Corp 12 He 800 25 * Brown Rubber Co. com 10,900 Cable Elec 34 Dec. 20 1734 Dec. 22 1 634 Dec. 20 % 28 22 Brown Fence Ac Wire com Brown Forman 1 * 100 22,900 tBrown Co 6% pref 3,000 IX 7 8 34 Dec. 20 X 2434 Dec. 29 54 Dec. 2 Feb. 11 2 Aug. 18 1734 Apr. 4 34 Dec. 20 6534 Mar. 31 89 87 Dec. 22 89 Dec. 10 82 77 Dec. 20 80 Dec. 8 60 20 Sale 17 Deer 10 16 534 1454 634 1554 2434 Sale 534 Dec. 23 1354 Dec. 28 2034 Dec. 15 634 Dec. 13 1634 Dec. 7 21 434 Dec. 5 434 Dec. 1 20 23 Dec. 534 Dec. 14 6 Mar. 29 5 22 Jan. Jan. 12 25 5 21 Oct. 33 34 Dec. 29 434 Jan. 3 34 Jan. 154 July 1034 Jan. 134 July 8 26 5 3 5 16 Apr. 14 434 Nov. 7 2434 July 19 134 Jan. 10 89 Dec. 10 80 Jan. 4 Jan. 10 734 Aug. 10 2334 Aug. 24 25 Jan. 8 534 Dec. 6 Sept. 17 434 May 4 634 Mar. 29 17 Apr. 29 134 Apr. 1 32 June 27 Mar. 22 92 Celanese Corp of Amer— 1,275 1,000 110 100 2,500 6,410 7% 1st partlc pref.... 100 12,900 Celluloid Corp com.......15 1,710 1st preferred ...» $7 dfv preferred 2,450 * * 29,500 Cent Hudson G Ac E com 454 8734 434 85 Sale Sale 434 Dec. 3 334 Dec. 27 92 Dec. 7 50 434 Dec. 6 14 48 55 13 1334 1334 1334 90 91 8834 834 87 34 834 8 8 34 92 154 34 1034 134 Sale Sale 434 13 60 Dec. 24 10 X Dec. 25 Dec. 16 14 1334 Dec. 5 90 834 88 Dec. 5 1334 Dec. 15 Dec. 2 834 Dec. 5 340 Cent Maine Pow 7% pref__100 """430 1,200 6,890 Cent N Y Pow 5% pref 26,600 Cent Ohio Steel Prod 400 9,500 48,800 1,975 2,925 725 1,075 2,200 3,185 100 1 Cent Pow Ac Lt 7% pref_._100 Cent Ac Southwest Utii— Common 98,600 50c 1 247,100 Central States Elec com 7% preferred 100 16,220 29,925 6% preferred 100 Conv preferred 1,825 100 Conv pref opt ser 1929..100 6,650 32,500 Centrifugal Pipe Corp 89 89X OX Sale 78 80 IX X 13 5X OX 2X Sale Sale Sale 12X 8 Sale 134 Sale 34# Sale 10 434 Sale 534 4% 434 454 8X 354 Sale n 434 334 334 Sale Sale 434 434 834 6 34 634 734 5 34 6 34 Dec. 13 734 Dec. 21 88 Dec. 7 134 Dec. 28 34 Dec. 7 734 Dec. 22 3 Dec. 21 334 Dec. 12 234 Dec. 12 334 Dec. 28 90 92 Dec. 31 134 %6 1034 434 434 Dec! Dec. Dec. Dec. Dec. 3 31 3 31 7 Dec. 6 434 Dec. 9 4 3 64 Sept. 14 Mar. 26 Mar. 31 May 3 Apr. 6 June 7 Mar. 31 1 Mar. 26 14 1034 6834 7554 434 34 Sept. 9 6 Mar. 31 3 Mar. 26 334 Dec. 12 234 Dec. 12 334 Mar 26 Dec. 7 634 Oct. Jan. 69 25 Oct. 25 30 12 1434 Oct. 25 8834 Nov. 22 92 June 28 1034 Nov. 16 92 Dec. 31 '234 Oct. 17 54 Jan. [12 17 July 7 734 May 11 10 Apr. 9 734 Feb. 21 4% Aug. 1 Chamberlin Metal Weather 500 900 275 7,800 Strip Co 5,300 Charts Corp com 2,875 Cherry-Burrell Corp For footnotes see page 53. 5 10 com 5 OX Sale 734 634 6 Dec. 21 534 Dec. 27 14 Dec. 24 734 Dec. 5 634 Dec. 15 15 Dec. 8 5 June 5 Mar. 31 1 1234 June 16 834 Jan. 734 Jan. Jan. 21 18 3 13 PRICES IN DECEMBER SALES AGGREGATE December Shares HEW TORE CURB EXCHANGE 12 Months 1938 Shares In > 600 1,900 2,300 Par Bid .2r Chesebrougb Mfg 100 40 9 Chicago Flexible Shaft Co..5 Chicago Rivet 8c Machine...4 Chief Conaol Mining Co 1 Child* Co preferred......109 170,900 Cities Service common.. 10 Prefer rod..... 190,700 .1..—* 44.900 79,300 19,800 $.500 Preferred B._ Preferred BB... 2,940 5,575 Cities Serv Pr 6.575 t7 preferred 1,590 575 650 30 ..* 32 5,000 City & Suburban Homes...10 5,500 Clark Controller Co 1 — 135,700 Claude Neon Light* com ..1 800 Clayton 8c Lambert Mfg Co.* 12,750 Cleveland Tractor com.. 500 10,100 17.90a 4*4 Sale 8* 20 1H Sale 7*4 Sale 43 *4 Sale 3*4 Sale 35 Sale Sale 46 49*4 47*4 6*4 Sale Highest YEAR 1938 Lowest Sale Prices Sale Prices Sale Prices 126 129*4 116*4 Dec. r70 Sale Dec. 29 Dec. 7 Dec. 22 6 128 'Sale Dec. 29 724 Dec. 27 *4 Dec. 20 53*4 Dec. 2 62 754 Sale 5*4 Dec. 21 8 8 8*4 *4 Sale 59 51 Sale 69 Dec. 10 Dec. 15 Dec. 1 Dec. 1 41 3 4*4 Sale 50 45 55 60*4 46 56 48*4 Dec. 60 r6*4 Sale 16 H 30*4 * 36*4 Clinchfield Coal com.....100 4*4 Sale 3*4 3*4 Sale 1*4 Sale 35 2 Dec. 20 6 4*4 Dec. 7 17 Dec. 28 24 Dec. 14 Dec. 28 Dec. 28 3 Dec. 1 Dec. 75 8 *4 Dec. 7 Dec. 7 Dec. 30 53*4 Dec. 28 5 Dec. 28 Highest 97 Sale Prices Dec. 29 Mar. 30 128 40 Jan. 3 5*4 Mar. 30 *4 June 1 20*4 Mar. 31 79*4 July 19 9*4 July 22 % Jan. 10 62 Dec. 7 5*4 Sept. 14 21A Mar. 30 11 MayJIO 53*4 Dec. 28 2 Mar. 28 50*4 Dec. 28 20 Dec. 28 26 29 Mar. 30 Feb. 3 61 61*4 Dec. 28 6*4 Dec. 1 4*4 Dec. 7 20 Dec. 1*4 Dec. 2 1 Club Aluminum Utensil com * 1*4 38 36 5 Sale 1*4 1*4 2*4 Sale 36*4 38 5 *4 Sale 1*4 2 2*4 2*4 Feb. 8 Mar. 24 4 2*4 Mar. 13 Sept. *4 Dec. 2*4 Mar. 18 29 14 26 Dec. 16 5*4 Dec. 30 1*4 Dec. 23 2*4 Dec. 28 30*4 Feb. 8 3*4 Mar. 29 1*4 Nov. 26 8*4 Dec. 22 554 May 13 6 Dec. Dec. 14 5 Dec. 2 Dec. 3*4 Dec. 31 4*4 Dec. 14 9 Dec. 31 98 Dec. 12 34*4 4*4 1*4 2*4 39 Cohn & Rosenberger torn. 2*4 Sale 3 *4 Sale Sale Sale 5 56 2*4 Sale 4*4 4*4 7*4 Sale 84*4 Sale 3*4 Sale 4*4 4*4 8*4 Sale 93*4 94 2*4 4*4 6*4 81*4 1 Mar. 30 7 1*4 Cockshutt Plow Co Ltd....* 130,200 Colon Development Co Ltd. 23,000 6% convertible preferred£1 92,100 Colorado Fuel 8c Iron warr 53,500 Coir's Patent Fire Arms MfgJA 15,400 7H Lowest Ask 6*4 Dec. 28 Cleveland Bloc Ilium com.. 38.800 7,300 45,000 1,400 2,200 '1,200 Sale 4 38 Sale 39 33 75,600 City Auto Stamping Co.....* 2,000 9,500 2,000 6,100 31 37 pref..* 600 13,600 K 28 115*4 117 74*4 Sale ' Dec. 31 Ash Bid Bid %> SA 54 H Sale ■ ......* 6,900 450 Dec. 1 Ash 102 Sale Sale 3 8c Lt 11 RANGE FOR Price Jan. 3 1938 STOCKS (Continued) 7,000 48,000 12,900 24,800 26,245 450 3,150 43 EXCHANGE CURB TORE NEW JAN., 1939] Mar. 18 1*4 June 3 Mar. 28 3*1 3*4 Mar. 26 5 May 10 50*4 Dec. 28 67 Feb. 23 72 Feb. 23 8*4 Oct. 22 4*4 Nov. 23 Jan. 18 2*4 Jan. 24 20 Mar. 11 4 39*4 6*4 3*4 2*4 12*4 8*4 Oct. Feb. Jan. Nov. Aug. Dec. 27 23 10 17 4 22 3*4 Jan. 10 4*4 Aug. 17 9*4 Nov. 10 Mar. 30 98 Dec. 12 47*4 June 20 2*4 Sept. 26 13*4 July 12 70 Oct. 45 Columbia Gas 8c Elec Corp— 5,375 5% Coot preferred .100 ..1 332,670 Columbia Oil 8c Gas com 75 Columbia Pictures Corp....* 1,175 48,400 Sale 57 Sale 4 2*4 Sale 3*4 Sale 52*4 Dec. 28 9 2*4 Dec. 58 Dec. 2 3*4 Dec. 31 15 4*4 Jan. 7 Aug. 23 16 Commonwealth 8c Sou Corp— Warrants................ 417,590 6,400 Commonwealths Dlstrlbut..l 8.587 Community P & L $6 1st pf..* Community Public ServiceCommon ...........25 14,575 1 19,100 Community Water Serv 142,500 1,700 837 2.025 3.800 *4 Sale *4 1*4 *4 Sale *4 *4 19 Sale 28* Sale *4 Sale % ,24 29*4 Sale 28 Sale *4 *4 *4 *4 12*4 13*4 15*4 16*4 6*4 aVA Sale 25*4 Dec. 28 1 *4 Dec. 7 *4 Dec. 29*4 Dec. 31 16 25*4 Dec. 22 % Dec. 19 28*4 Dec. 28 9 % Dec. 17*4 Sept. 16 *4 Apr. 9 28*4 Nov. 18 Dec. 19 11 1654 *4 7*4 8*4 % Dec. 1 Dec. 6 „ 4 *4 Jan. 13 1 Mar. 29 1*4 Oct. 35*4 Oct. 15 28 XA% Aug. *4 Feb. Jan. 1 14 Nov. Dec. Sept. Oct. July 9 13 13 17 Compo Shoe Machinery— V t cext to 1946..........1 15,100 1.800 14*4 15*4 6*4 Dec. 2 9 1554 Dec. *4 Dec. 13 2 6*4 Dec. 8*4 Dec. 29 Dec. 1 72 14 *4 Dec. 13 100 Conn Gas & Coke Security..* 100 36,900 638,600 27,700 2,450 44,600 3,000 46,100 9,<400 "iuoo Consolidated Biscuit Co 1 Consol Copper Mines 5 Con Gas E L Ac P Bait com..* 5% preferred A Consol Gas Util 110 600 5,100 400 500 4,800 3,100 68 7 71 Sale 8 *4 72 Sale Sale 70 Dec. 29 *4 Sale 54 57 3 *4 82*4 1*4 3 81*4 1*4 3*4 Sale 75 80 % Sale 58*4 59*4 Sale "aV* 1*4 5*4 Sale 82*4 Sale L% Sale 59*4 6 60 Sale "1*4 ""1*4 6*4 Sale 84 81 *4 *4 *4 6 *4 Sale 8*f 9 8*4 9H 7*4 6*4 Sale 8*4 Sale 8*4 Sale 4*4 Sale 5*4 Sale 26*4 27*4 2*4 Sale 68 75 *4 Sale 5*4 7 10 Sale %, Dec. 28 Sale* 9*4 58 Dec. 5 4 Dec. 5 87*4 Dec. 1*1 Dec. 5*4 Dec. 81*4 Dec. *4 Dec. 8*4 Dec. 7*4 Dec. 8 20 28 13 2 10 22 9 *4 Dec. 61*4 Dec. 15 6 92 Dec. 22 Dec. 27 1*4 6*4 82*4 *4 9*4 8*4 3 Dec. Dec. 15 1 Dec. 7 Dec. Dec. 16 6 Dec. 8*4 18*4 5*4 26*4 2*4 Dec. 27 Dec. 10 1 Dec. 6 Dec. Dec. 31 .... 7,400 73,300 3,600 21,100 7,200 26,500 1,400 170,625 21,000 400 3,000 1,100 4,200 22",625 2,600 Cooper Bessemer Corp com.. • $3 prior preferred........* Copper Rang* Co..........* Copperweld Steel 10 19 Corroon 8c Reynolds.... ...1 86 Conv pref A.... ....„* 60 com... Cosden Petroleum 1 com 8% preferred—..........50 „*4 Dec. 3*4 Jan. 3*4 Mar. 55 22 2*4 Sale 70 5*4 5*4 25 27*4 2*4 Sale 70 8 7*4 Dec. 16*4 Dec. 16 2 5*4 Dec. Dec. 27 5 1*4 Dec. 25 75 2 13*4 1*4 6*4 Sale 6*4 *4 Dec. 5*4 Dec. 1*4 Dec. 7*4 Dec. 6*4 Dec. 19 1*4 11 6*4 Dec. 19 23 Nov. 16 1*4 May 10 65*4 Oct. 26 74 117 Mar. 113 ..1 com 40,600 Cons Retail Stores Inc com. 1 730 8% preferred...........100 10 14,900 Consol Royalty Oil.... 118,700 Consol Steel Corp common..* 4,475 Cont'IGdcE7% pr pref...100 3,200 Continental Oil of Mexico..! 55,500 Cont Roll k Steel Fdy com..* * 6,800 Cook Paint 8c Varnish Co $4 preferred 110 * 17,800 64 Dec. 23 5 .......100 19,750 Consol Mln 8c Smelt Ltd....6 1,450 3*4 Sale 4*4 Sale Mar. Aug. % Apr. 48 % Apr. 2*4 Mar. 25 July 19 1*4 June 10 70 2*4 Mar. 30 67*4 Apr. 26 'Ae May 26 4*1 May 27 6*4 Mar. 25 51 Apr. 27 4*4 Mar. 28 14 Mar. 29 4*4 18*4 1*4 53 *4 *4 4*4 May June Mar. May June June 20 14 29 3 4 13 Dec. 22 Dec. 27 1*4 Jan. 7 75i Oct. 26 86 Oct. 25 *4 Jan. 8 11 Nov. 10 11*4 Sept. 7 54*4 Mar. 14 6 92 10*4 Oct. 14 Nov. 14 July 7 30 2 Aug. 3*4 July 7 75 Nov. 4 254 Jan. 10 21 8 13*4 Jan. 10 Jan. 12 Courtaulds Ltd...........£1 400 33.400 5,100 9,700 1,200 5,000 1,600 3,200 283,000 91,100 115,100 5,140 22,500 11,400 Am-dep rets for ord stk 1,700 Cramp (Wm) 8c Sons Ship & Engine Bldg Corp ....100 Creole Petroleum 5 com Crocker Wbeeler E!ec Mfg..* Croft (The) Brewing Co 1 Crowley MUner 8c Co com • Crown Cent Petrol (Md)_.__5 Crown Cork Internat cl A..* Crown 11,500 450 req - 900 250 5,200 1,800 220 50 200 Drug common....25c 63,300 Preferred ..25 1,350 16,999 Crystal Oil Ref Corp com...* 6% preferred............10 2,289 11,600 Cuban Tobacco com y t c_. 10,550 Cuneo Press com 6*4% preferred.........100 750 50 Curtis Lighting Inc com * 450 Curtis Mfg Co (Mo).........5 34,500 8,000 42,100 5.550 3,100 9,900 3,300 800 3,600 850 3,100 800 Darby Petrol Corp Davenoort .....5 Hosiery........ Dayton Rubber Mfg 1 Class A common Delays Stores Inc 3*4 4*4 9*4 25 4*4 11 1*4 Sale 600 40 De Vilbiss Co 40 3 26 342H common 800 *4 3*4 2*4 9*4 Sale *4. 5 3*4 10*4 1*4 Sale *4 *4 23*4 Sale 7a 7*4 Sale 3 2*4 9*4 3*4 2*4 9*4 1*4 Sale 22*4 7*4 *4 2*4 2*4 9*4 1 Dec. Dec. Dec. Dec. Dec. Dec. 23 .24*4 Dec. 30 28 8*4 Dec. 15 14 23 22 23 Dec. 28 12*4 Dec. 24 *4 Dec. 21 3*4 Sale 43 45 3*4 4*4 49*4 Sale Dec. 23 Dec. 22 6*4 Dec. 27 15*4 Sale 7 Sale 9*4 12*4 20 16 7*4 Sale 15 15*4 15*4 Sale 23 25 7*4 15 7*4 16 25 1 7 4*4 5*4 3*4 1*4 6*4 4*4 "l*4 26 Sale 5*4 2*4 6*4 Dec. Dec. 14*4 Dec. 23 Dec. 6*4 Dec. 4*4 Dec. 15 27 20 7*4 8*4 14*4 15*4 1*4 1*4 1*4 Sale 2 2*4 30*4 Sale 30 33 9 9*4 2*4 7*4 Dec. 15 16*4 Dec. 16 Dec. 16 Dec. 30 Dec. 31 5*4 Dec. 13 30 Dec. 3 2*4 Dec. 15 43*4 Dec. 20 7 Dec. 23 5 2 2 Dec. 7 2 Dec. 2 Dec. 32*4 Dec. 17 5 Dec. 12 x27 Dec. Dec. 20 13*4 Dec. 22 2*4 Dec. 28 3 Dec. 28 Dec. 7 Dec. 30 Dec. 2 Dec. 22 7*4 Dec. 12 25 7 1*4 Dec. 14 1*4 Dec. 24 9 1*4 Dec. 29 1 7 27 7*4 Dec. 28 14 24 10 12 16 28 « 25 Dec. 6 1*4 Dec. 2 Dec. Dec. 13 5 Dec. Dec. 13 1 1*4 Dec. 16*4 Dec. 19 2 *4 Dec. 9 43*4 Dec. 20 8*4 9 14*4 15 1*4 Sale 2 2*4 2 2*4 *4 3*4 2*4 9*4 1 4 3*4 Dec. 3 51 43*4 Dec. 108 Dec. 12 110 1 common. 2,225 Diamond Shoe Corp com... 9,625 Distilled Liquors Corp.....8 100 8 9 9,400 Detroit Gasket 8c Mfg Co 1 6% preferred w w 20 4,300 74,200 Detroit Gray Iron Fdry com. 1 14,600 Detroit Mich Stove Co.. .1 19.200 Detroit Paper Products.....! * 33,800 Detroit Steel Products.. 700 11,800 2,300 1,500 2,500 22*4 Sale Sale 695 Dennlson Mfg 7% pref....100 39,100 Derby Oil 8c Ref com.......* A cony preferred........ 575 315 2,700 3*4i • ...35 Decca Records *4 *4 23*4 Sale 6*4 Sale 8*4 Dec. 15 1*4 Dec. 13*4 Dec. 22 2*4 Dec. 16 6*4 Dec. *4 17*4 3*4 *4 2*4 2*4 19 May 18 Mar. 31 8 Mar. Dec. Dec. Dec. Sept. 1 Mar. 28 14 23 22 26 12 1*4 Feb. 14 27*4 Jan. 12 10*4 Nov. 9 *6 July 29 5 Jan. 15 5 Jan. 12 11*4 July 22 1*4 Jan. 12 20 12*& Dec. *4 Jan. 7 Jan. Sept. 29 1*4 July 24 13 Aug. 18 5*4 July 29 2*4 Mar. 25 May 51 Dec. 30 Jan. Dec. 110 6*4 June 10 Dec. 2 Dec. 22 Feb. 8 102 1 1 5*4 Mar. 31 May 13 5*4 Apr. 1 17 Apr. 29 10 6*4 Dec. 27 3*4 Mar. 25 25 Mar. 14 1*4 Dec. 6 37*4 June 10 26 7 Nov. 9 Dec. 31 7*4 Jan. 17 Jan. 28 3*4 Jan. 7 40 58 Feb. 17 9*4 July 6 15 k Nov. 5*4 June 10*4 Mar. 1*4 Mar. May 1*4 May 14 Mar. 24 10*4 Aug. 8 16*4 Oct. 25 17*4 Nov. 10 9 2*4 July 19 11 3*4 July 23 3*4 Jan. 35*4 Oct. %27 Dec. 11 May 2*4 Dec. Dec. 16*4 Sept. 9 Jan. 15 5 8 8 Distillers Co Ltd— 4,800 900 2,100 , Am dep rets ord reg £1 •1,900 27,700 Dlvco-Twln Truck Co com.. 1 1 3,200 Dobeckmun Co common 23,400 Dominion Steel 8c Coal B..25 20 Dominion Textile Co 50 700 ~ sT.ooo 725 3,600 5,600 1.900 37,500 18,900 17,000 7,900 1,000 5.900 650 1,000 3,090 Draper Corp 9,200 com 10 299,300 Eagle Plcher Lead Co * 63,700 Eastern Gas 8c Fuel Assoc 6% preferred.. ......100 46,900 4*4% prior preferred...100 23,525 3,450 Eastern Malleable Iron Co.25 29,800 Eastern States Corp com....* 87 preferred series A......* 9,175 86 preferred series B » 11,375 22*4 3*4 Sale 12*4 Sale 8 11*4 Sale 11*4 20*4 3*4 8 12 21*4 Sale 9*4 12*4 , 1 3*4 Dec. 6*4 Dec. 22 11 Dec. 3 _ 18 18 19 67*4 65 Dec. 67*4 Dec. 29 19*4 21 17*4 Dec. 19*4 Dec. 29 Jan. 14 Mar. 31 47 J* Sale A* 64 *4 1*4 Sale 7*4 Sale 6*1 8*4 Sale 2*4 Sale 27 49 1*4 Sale 50*4 1*4 65 Sale 3*4 4*4 5*4 Sale 7*4 Sale 11*4 Sale 1*4 Sale 12 Sale 19*4 Sale 1*4 19*4 18*4 65 2 68 2*4 5 Sale 7 Sale 14*4 1*4 12*4 24*4 8*4 1 1*4 21*4 rl8 21*4 18 65 2 Dec. 13 1 Dec. Dec. 16 4*4 Dec. 28 6*4 Dec. 27 1 Sale Sale Sale Sale Sale 1*4 11*4 Dec. 1*4 Dec. 9*4 Dec. 17*4 Dec. 7*4 Dec. % Dec. Sale Sale 16*4 Dec. 27 17 8 1*4 67*4 5*4 5*4 7*4 1 Dec. Dec. 30 7 Dec. 1 Dec. 1 Dec. 14*4 Dec. 31 1 1*4 Dec. 24 Jan. 14 67*4 Dec. 29 Oct. 28 110*4 Nov. 20 2 Feb. 28 6754 Dec. 30 5*4 Dec. 7 Mar. *4 Jan. 3*4 Mar. 6*4 Jan. May 7 Mar. 29 7 9J4 Feb. 6 1 14*4 Nov. 9 3*4 Jan. 11 3 14 Mar. 29 26 Jan. 18 18*4 Dec. 15 13 Mar. 30 26 Oct. 27 24 *4 Dec. 31 9*4 Dec. 15 2 1*4 Dec. 28 Jan. 16*4 July 25 Sept. Dec. Dec. Apr. Dec. 13 20 Dec. 10 13 67 1*4 9*4 17*4 6*4 % Dec. 20 28 June *4 Sept. 54 24*4 Feb. 28 4*4 Dec. 24 24 11*4 Mar. 103 1 1*4 Sale 2 6*4 Dec. 22 9 Sept. 14 65 14 Nov. 2*4 Mar. 30 4*4 Dec. 8*4 Dec. 12*4 Dec. 67 » 210 7% preferred...... ..100 40,100 Dubilier Cond Corp com...! .100 7,625 Ouke Power Co.. 19,300 Durham Hosiery cl B com...* 63,700 Duro>Test Corp common... 1 ♦ 22,800 Duval Texas Sulphur s. 10 15 » Driver Harris Co common..10 For footnotes see page 53. 21 *4 2i* 19 Dec. 11 26 20 20 21 28 31 52 13 1 Jan. 13 May 13 Nov. 16 *4 Jan. 8 44 NEW aggregate In December 8hares Shares ,150 1,100 3,500 245,800 9,500 3,300 9,700 14,500 1,700 4,700 11,600 975 CURB sales EXCHANGE PRICES IN NEW YORK CURB EXCHANGE 12 Months 1938 6,600 YORK Dec. 1 1938 STOCKS (.Continued) DECEMBER RANGE FOR Par 41,200 Easy Wanhtng Mach claaa B„* 2,400 Economy Groc Stores com..* 18,100 Edison Bros Stores ..2 39,100 Eisler Electr's com .1 2,799,600 Electric Bond 8c Share __„5 105,400 $6 preferred * Bid Ask 34,700 $5 preferred ; 81,500 Electric Power Associates 52,900 Class A Dec. 3 K 1 Ask Sale Lowest Highest Sale Prices Sale Prices 2K Dec. 22 1434 Dec. 28 3 1534 Dec. K Dec. 24 58 2K 2K 234 Sale Sale Sale Sale Sale 2K 5 2 Sale 2 Highest Sale Prices 17 Sale Sale Sale 1634 134 1134 6434 Sale „ Lowest Sale Sale 2K 7034 7354 7734 10 12 1034 1034 134 Sale yy Dec. 10 60 Dec. 8 55 Dec. 5 234 Dec. 10 2K Dec. Dec. 23 3 K Dec. 134 Dec. Dec. 72 3 10 6 1 12 3K Dec. 31 1534 1634 134 11K 600 18,500 41,300 5,550 3,100 29,730 16,500 10,800 350 10,550 6,850 3,075 1,125 250 3,000 42,300 8,600 600 3,500 8,500 800 400 1,100 2,500 "4",700 100 7,600 190 24,200 475 2,700 "7"800 550 $4 participating pref Etectrographic Corp com * Electrol Inc 1 1 v t c Empire Dist Elec 6% pref.100 Empire G 8c F 7% pref 100 _ 21,600 Emsco Derrick & Equip Co.5 228,800 Equity Corp common.....10c 132,600 Esquire-Coronet ...1 1,600 Eureka Pipe Line. 50 European Elec Co of Can30,400 Option warrants IK . 134 IK 27 35 57 34 19 13. 22 10 K Apr. Dec. 1 Dec. 31 45 J4 63 Sale 32 28 38K 46 47 63 Sale 36K 43 44 62 28 37 4334 47 62 Sale 63 Falrchlld Aviation com 2034 9% % Sale 9% Sale 17 34 21 88 2f4 10 934 J? 1 Falstaff Brewing 1 Fanny Farmer Candy com__l Fansteel Metallurgical Corp* Fedders Mfg Co common....5 Fed Dec. 15 5 IK Dec. 19K Dec. 29 2234 Sale % Sale Sale 1834 20 8 34 45K Dec. 4534 Dec. 4434 Dec. 5 6K 7 934 7 34 21 6K 20 21K 554 7K Sale 8 22 10 K 734 20 K Sale 4 6K 6K 634 Sale _734 21 434 Sale 2 1 Fidelto Brewery 1 10 Flsk Rubber Corp common.. 1 6% preferred 20K 21K 17K Kb Sale 61 55 54 18K 9H K 19 H 12 54 Sale 63 K Sale 1834 9 * Sale 1134 17 16 2K Dec. 22 234 Dec. 30 36 2 Mar. 30 Mar. 30 65 Oct. Oct. 17 17 28 6K Oct. 28 1 Dec. 31 2634 Dec. 5 5 234 Dec. 77 K Dec. 31 2K 10K 234 2134 Dec. 23 Dec. 28 eDc. 10 Dec. 2 Dec. Ford Motor of Canada cl A__* Class B 2 Mar. 29 15 K Mar. 31 2K Mar. 29 134 Apr. 4 60 Apr. 21 2K Dec. 28 10 Mar. 30 "is Oct. 5 7 Jan. 14 5K July 1 254 July 1 35 77 K Dec. 31 6 Jan. 13 Jan. 14 31 1634 June 14 31K Jan. 10 2K Oct. 27 24 K Nov. 7 58 54 Nov. 10 28 65 Dec. 65 Dec. 27 Dec. 29 27 Dec. 27 Dec. 29 32 Jan..26 2 65 65 65 28 Jan. 65 63K Dec. 24 28 Feb. 27 28 24 1734 May 12 22 8 1 1 Dec. 13 6K Mar. 31 K Mar. 31 7 May 20 12 2 2 Dec. Dec. Dec. Dec. Dec. 24 22 Dec. 2 21 UK % 9K 17K Dec. Dec. Dec. 16 20 2 2 834 Dec. 5 7K Dec. :c2134 Dec. 14 1 534 Dec. 21 1534 Dec. 28 Dec. 23 10 •34 Dec. 27 c 6134 Sale 11K Sale Dec. 28 57 Sale 9K 36 Sale 68 Sale 66 15 H Sale 16 21K 2234 Sale 2334 22 Sale 134 1034 Sale * 15K Amer dep rcts__Ord reg £1 Ford of France Am dep rcts_. 5K 2234 6734 Sale 23 934 Dec. 1 70 5K 100 1 13 Oct. Ks Dec. 10K 7 34 22K 434 634 16 6 Dec. 30 Dec. 7 Dec. 7 Dec. 21 Dec. 3 Jan. 27 Dec. 20 in Mar. Mar. 26 2 Mar. 30 4 63 K Dec. 24 Feb. 16 4K Mar. 30 Oct.* % Jan. 17 11 13 Jan. 31 Jan. 8 K» July 13 7 6K Mar. 28 1634 Mar. 31 27 15 10 K Dec. 30 10 Apr. 28 22K Dec. 7 6K July 29 8 8K Jan. Dec. 16 61 Dec. 20 2034 Dec. 19 21 Dec. 23 19K Dec. 7 10 Dec. 23 K# Dec. 7 62 34 Dec. 6 11K Dec. 30 74K Dec. 5 70 Dec. 1 Jan. 14K 9K % 39 K 434 48K Sept. 26 Nov. 28 Sept. 16 23 Jan. 14 K Mar 18 Kb Jan. 12 Apr. 1 Mar. 31 Mar. 29 68 26 Mar. 28 31 Dec. 6 x8K Sept. 19 14 K Mar. 31 2234 Dec. 8 15 22 32 31 32 6 Fire Assoc of Phlla IK Jan. 15K Oct. Compress & W'house__25 Ferro Enamel Corp com Flat Amer dep rets 18 70 Dec. Dec. 34 Mar. 30 4K Mag. 31 4 K Jan. 15 K Dec. 19 17 K Nov. 14 Mar. 30 2134 934 34 834 4 26 2 42 47 16 Jan. 19 66 K Dec. 62 Dec. 59 36 6 5 34 46 50 30 10 34 Dec. Florida Power Ac Lt $7 pref__* 100 Ford Hotels Co Inc... * 68,100 6,225 16 IK Elgin National Watch Co..15 8% preferred 100 9,800 6% preferred 100 2,375 6K % preferred 100 2,900 Empire Pow Corp part atk__* 181,300 29,700 5,900 8,900 16,700 10,000 34,700 1,900 63,100 4,722 240,400 3,925 25,700 234 Dec. 28 11 2K June 20 Dec. Dec. Electric Shovel Coal Co— 720 1938 Sale Prices 3K Sale 3K 1634 Sale Sale 5734 2K 234 26K 434 15,140 Electric Pow 8c Lt 2d pf A * 58,300 Option warrants 45,300 Electric Shareholdings com. 1 5,520 $6 Conv pref with warr * 31 Ask Bid 66 • 1 ..... Bid 15K IK 10 K 3K Sale .... 300 YEAR Price Jan. 3 Jan. Nov. 10 9 11K Dec. 30 77 K Oct- 18 75K Oct. 28 x8 K Sept. 19 24 Oct. 18 Mar. 24 24K Oct. Sept. 26 Mar. 18 Jan. 25 Apr. 2 5K Jan. 13 2K Apr. 13 10 K June 6 5K July 19 24 Ford Motor Co, Ltd, 12,800 1,200 T, 200 72,470 2,100 2,400 Fox (Peter) Brewing Co 5 12,600 Franklin Rayon Corp com__l 6K 9 3K 134 934 3K 4K 4 2K 2 334 IK 934 434 Sale IK 11 434 3K Dec. 24 IK Dec. 27 4 Dec. 4K Dec. 3 734 1734 1134 8 17 34 Sale 7 8 Dec. 17 Dec. 14 5 Dec. 18 11 Dec. 12 12 Dec. Dec. 9 10 1 15 Dec. 24 3J4 Dec. 1 IK Dec. 10 3K IK 7K 2K Froedtert Grain & Malting 1,400 1,350 1,600 600 625 375 13,400 11,500 11,100 2,700 3,125 1,925 10 Common Partlc 1 conv preferred-...15 Fruehauf Trailer Co 1 Fuller (Geo A) Co com 2,200 200 1,300 800 2,900 111,000 1,160 1,910 2,700 45,500 3,600 210 300 5,000 1,300 Gen Investment Co Sale 17 21 40 19 17 21 3434 37 15 8K £1 * 9% Sale IK 2 18K 11K 12 34 1334 12K $6 Preferred.... * 34 48 '"IK "2" '"Ik" ""2~" 19 K Sale 18 18K 13 34 Sale 1734 1234 Sale Kb Sale 5234 70 34> Sale 5634 65 Warrants 65 'n * KB 64 38 Dec. 28 80 Dec. 28 78 87 Jan. 12 Aug. Dec. 28 87 Dec. 28 75 89 K Nov. 21 1834 2K July 6 12 5 1634 Mar. 18 19 K Jan. 155? Oct. 19 14 14 Dec. 20 41K Nov. 3 34 Apr 12 4034 Sept. 27 *64 May 6 46 Nov. 65 4 80 Mar. 29 K Aug. 19 53 IK Dec. 13 17K 12K 42 K 34 57 Sale Dec. Dec. Dec. Dec. Dec. i6i Dec. 29 28 20 14 57 1 65K Dec. 28 Dec. 21 1 Dec. 23 1434 Dec. 16 49 Dec. 19 40 * ... 1 K 16 41 50 1 15 K Sale 48 49 K 49 34 134 Sale 51 II* 42M Gen Outdoor Adv 6% pref. 10ft * IK Dec. 28 28 General Pub Serv $6 pref General Rayon A stock General Telephone Corp...20 $3 conv preferred * Mar. 30 9K Nov. 10 Oct. 13 Jan. 3 zl8 12 K Nov. 12 Mar. 30 19K Sept. 1 Mar. 7 Dec. 3 25 K Sept. 8 43 Oct. 14 Mar. 7 3 1734 Dec. 3434 Dec. 28 13 K * 1 com 17K Dec.' 9 2034 Dec. 12 Dec. 6 6K 14K 5K 6K 17 K 87 7554 150 General G & E $6 pref B_ 100 350 * • General Elec Co of Great Brit 32,700 1134 1534 1834 3734 80 ...100 com 5% preferred..... 12,800 American dep receipts 30,700 Gen Flreprooftng com 50 Sale 9% 834 17 K Sale . * pref 23,800 General Alloys Co 10,000 8K * conv 1,400 Gatineau Power Co 260 1434 1 * $3 conv preferred 54 Conv pref 170 Gamewell Co $6 """16 8 Dec. Dec. Dec. 1 Dec. 14 Dec. 14 6 Dec. 15 K2 Dec. lly* 49 IK Dec. 23 1 16K Dec. 51 28 Nov. 16 7K Mar. 31 Apr. 2 IK Mar. 28 Mar. 30 9 30 Feb. 8K Mar. 30 Dec. 23 40 Dc. 15 72 July 434 Apr. Mar. 30 27 4 9 K July 23 58 Oct 26 6 July 21 July 26 IK Jan. 7 16 K Nov. 26 51 Dec. 23 »e« Aug. Gen Tire & Rubber— 60 640 600 1,600 400 80 200 30,100 400 2,700 100 1,000 600 16,200 600 7,500 425 2,925 2,500 3,700 1 * * * $7 preferred..: 13,700 8 8 6 634 Sale '7734' "7734 * ♦ tGrand National Films Inc.l Grand Rapids Varnish Obrp * com.. 10 Gt Atl 8c Pac Tea 1st pref.100 common stock * Great Northern Paper Co..25 Greenfield Tap 8c Die com..* Stores Prod— Common Dec. 22 100 534 Dec. 20 31K Dec. 13 75 Dec. 28 63 34 Dec. 23 6K 8 6 38 34 30 Sale 43 K 754 534 534 27 2834 6 534 Sale Sale 534 534 3134 10 K 6K Sale 32 Sale 34 234 1934 20 20 17 3 Sale 5 634 Sale 46 Sale 3034 534 3234 6 234 334 34 734 1134 124 2834 934 29J4 10 18 9834 % 234 1934 1934 2134 Sale 20 Sale 934 4K 534 11934 12054 % 8 234 0 234 Sale 22 K 234 Sale 834 Sale ""734 Sale" Sale 126 1034 67 K Sale 6934 39 Sale 38 Sale - 734 534 Dec. 28 30 5K 97 15 12 1 Gorham Mfg Co— V t c agreement extended.* Gray Tel Pay Station 534 32 * 99,100 Goldfield Consol Mines 3,500 Gorham Inc class A com $3 preferred 4,350 Non-voting 4K 28 * * 1,200 Gilchrist Co 169,400 Glen Alden Coal Co * 5,020 Godchaux Sugars class A___* Class B * 22,800 10,200 191,200 7,000 117,500 5,175 22,980 17,900 50,000 95 80 K $5 preferred 4,900 Gilbert (A C) Co com 750 Preferred Grocery 900 . 50 390 "14,706 100 2,100 Gen Water Gas & Elec com. $3 preferred 1,175 8,590 Georgia Power $6 pref 175 10 6% preferred A 7 Dec. 1 5K Dec. 16 434 Dec. 28 28 Dec. 28 834 Dec. 20 250 490 25c $5.50 preferred 2K 234 18 K 37^ SalF* * 1,850 Gypsum Lime 8c Alabastine.* 5,600 700 25,900 4,500 200 2,300 900 2,500 2,300 5,500 4,200 1,350 19,100 1,300 650 300 100 2,500 600 50 2,100 1,100 Hall (C M) Lamp Co • Haloid Co 5 800 Hartford Electric Light 27,700 11,100 23,500 14,200 34,400 57,400 5,050 190,700 5,700 2,700 1,900 1,550 14,200 7,225 .1,750 14,900 86,400 For footnotes see 25 Hartford Rayon com v t c._l iHartman Tobacco Harvard Brewing com.no par Co 2K 934 52 134 1 1 1 1 4 34 Corp • Hearn Dept Stores common.5 6% conv preferred 50 1434 Hat Corp of Am cl B com Hazeltine Hecla Mining Co Helena Rubenstein Inc Class A 25c * * Heller (W E) 8c Co common._2 7% cum pref w w Hewitt Rubber Corp com Heyden Chemical Co Hires (Chas Hoe E) Co class A (R) 8c Co class A Holllnger Consol GM page .53. Dec. 6 8134 Dec. 9 6534 Dec. 6K Dec. 24 57 Jan. 30 June 18 5 Mar. 31 Dec. 20 Apr. 41 24 13 K Mar. 3 Dec. 6 Dec. Dec. 30 Dec. 19 Dec. 12 K Dec. 5K Mar. 3K Mar. I17K Apr. Dec. 1 Dec. 6 25K Apr. 4K Mar. 2'K. Dec. 3 K Mar. 29 22 K Dec. 29 Jan. 27 17 K Feb. 23 Oct. 28 "g Dec. 36 22 K IK 9K 11K Oct. 17 26 July 8K May 21 K Sept. 24 Kb 734 Dec. 22 11K 8 12734 Dec. 6 Dec. 70K 6 39 Dec. 21 Dec. 7K Feb. 35 1 8^ Sept. 27 May 27 2*' Feb. 8 16 Oct. Apr. 4 May 27 26 25 17 28 July 4K Mar. 25 14 Dec. 30 2 Dec. 9 Dec. 1 Dec. 21 8 82 K Nov. 15 9 6554 Dec. Dec. 19K Dec. 23 7 K Dec. 7 634 Dec. 15 20 Apr. 1 May 10 5K 534 31K 10K 16 Dec. Oct. 33 K Dec. 33 Kb Dec. 22 234 Dec. 20 2 20K Dec. 10 11 12734 123K 66 K Sale 3834 37K Sale 634 i* 6 100 7 19 Mar. 22 29 Jan. Jan. 1 6 Jan. 7 Nov. Nov. 26 12754 Dec. 72 Mar. 19 Nov. 23 39K Nov. 8K Aug. 9 8 > 274,000 ing Corp common 1 12,400 Guardian Investors common 1 248,000 Gulf Oil Corp 25 1,120 Gulf States Utll 16 pref * 10 Dec. 1 K Dec. 234 Dec. 20 17K Dec. 28 234 234 234 Dec. 14 Grumman Aircraft Engineer¬ 57,800 1,700 28,000 6 33 K Sale 11 56 Sale 134 134 434 1534 6 7 28 10 834 334 634 634 Sale 534 8 734 ""634 "7" 3334 37 * 10 ...5 22 Sale Kb Sale 0^0 y* 38 K Sale 3934 Sale 102 104 10034 103 92 98 8834 98 5K 734 534 734 234 Sale 10 Sale 60 K 63 Sale K 13# 4K Sale 634 134 34 1 434 2934 234 Sale 834 934 6034 6334 134 134 K 34 IK 134 4 434 2934 2934 534 Sale 34 25 5 Sale 6 9 4K 7 34 734 24 34 9 38 12K 1334 7 34 1434 Sale 9 Sale 534 8 34 „ 3 34 7 K 834 734 5 9 8iM 9 934 Sale 10 Sale 5734 8 34 14 K 40 46 7K 14K 1 Kb Dec. Dec. 15 12 Dec. 9234 Dec. 27 40 34 102 K 22K KB 46 K Mar. 31 Jan. 5 102 K 92 K Feb. 17 June 10 7K 33 81 72 5 16 2 Dec. IK Mar. 28 8 Dec. 21 10 Dec 1 8 Dec. 6 61K Dec. 134 Dec. 16 K Dec. 21 62 Dec 21 50 • Apr. IK K IK 4K 30 K Dec Dec Dec Dec 29 1 Dec 14 1 Dec. 2 3 34 Dec. 27 28 Dec. 2 2K Dec 30 6 5 12 1 Apr. 29 54 2K Mar. 28 June 2 4K Dec. 13 6 Dec 2 Dec. 22 27 Dec 5 20 9K Dec 15 2 834 Dec. 3 34 Dec. 22 7 Dec. 23 7 734 Dec. Dec. 22 6 Dec. 8K Dec. 7 6 Dec. Nov. July Dec. Dec. Oct. 8 29 12 25 12 27 13 25 17 64 K Dec. 21 21 Jan. 3K July 21 13 K Mar. 29 4K Mar. 29 21 50 "'834 "IlK 17K Dec. 34 Dec. 37K Dec. 100K Dec. 92K Dec. 3 Apr. 20 6K May 27 254 Mar. 23 5K Sept. 27 5K Mar. 19 Jan. July 19 2K Aug. 25 IK Jan. 10 15! Oct. 8 6 Jan. 18 30K Dec. 15 Jan. 11 30K Oct. 21 12 17 9 5 Oct. Nov. 25 8K Dec. 6 8K Oct. 21 ~>K Dec. K Dec 29 1 18 Mar. 17 26 Dec, 15 6 Mar. 30 40K Dec, 21 27 Mar. 31 1154 Sept. 8 41K Nov. 10 Dec, 14 40 Mar. 21 7 34 Dec. 1434 Dec. 22 27 5K Mar. 29 11K Mar. 18 24 K 9 Dec. 8 10 Sale 38 Dec. 1 56 55 Dec. 14 834 15 7 634 Dec. 14K Dec. 28 24 55 Nov. 10 57 Nov. 17 13 K July 18 15K Aug. 4 JAN., 1939] AGGREGATE SALES December 12 Months 1938, Shares Shares Par Bid Ask 12 UK 2,700 Horn (A C) Co common.....! 15.250 Horn & Hardart com * 1,090 5% preferred ...100 3,200 Hubbell (Harvey) Inc....—5 200,000 Humble Oil & Refining » 34,800 Hummel-Ross Fibre Corp...5 600 Hussman-Ligonier Co.. * 7,300 JHuyler's of Del com 1 6,550 7% preferred stamped..100 250 7% pref unstamped .100 4,400 Hydro-Elec Secur com * 31,200 Hygrade Food Prod.. ......5 9,200 Hygrade Sylvanla Corp .* Ask Bid Bid Sale Ask 1,800 1,550 150 600 4,300 900 5,600 6,300 5,200 25 100 13,500 1,600 900 100 2,900 220 80 75 * 62,100 Illinois Iowa Power Co *75,700 5% conv preferred 50 Dlv arrearctfs 63,900 * 25,900 Illinois Zinc Co 175 Illuminating Shares Co A...* Imperial Chem Indus Ltd— Am dep rets ord reg 2,000 £1 164,300 Imperial Oil (Canada) * 14,700 Registered * 10,400 Imperial Tobacco Co of Can.5 5,930 Imp Tob of Gr Brit 8c Irel..£l 16,100 Indiana Pipe Line 10 3,020 Indiana Serv Corp 6% pfd 100 1,290 7% preferred 100 925 Ind'polis P & L 6H % pf —100 ...... Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 9 5K 3 23 Sale 9K 65 K 5K 12K K 6K 6K 4K UK Sale 6K 16 Sale 8 2 934 1224 834 334 K Sale x36 12 34 6734 3 K Sale IK Sale 234 3734 3 34 _ Sale 12 24 Sale 4 12 13 34 7 8* 6924 324 1134 rK Sale Sale 534 IK Sale 23 K 23 434 Sale 10 48 K 434 Sale 4 Sale 6 19 5K 624 9 4 424 _ 134 2334 Sale 324 1824 524 4 Sale Sale 25 Sale 534 5M Dec. 2 Dec. 9 224 Dec. 9 Dec. 1 3734 Dec. 10 Dec. 16 10724 Dec. 13 12 24 Dec. 12 Dec. 20 6934 Dec. 29 Dec. 9 Dec. 27 334 Dec. 2 34 534 524 3 34 124 2334 Dec. 6 Dec. 28 Dec. 30 Dec. 20 Dec. 2 Dec. 12 . Dec. 3 24 Dec. 724 Dec. 5 2 Dec. 2 434 Dec. 8 8 Dec. 31 2 2434 Dec. 17 17 K 17K UK 38 7K 86 K 9 2 18 June 22 May 534 Mar. 7 Dec. 5 2 Mar. 29 1934 Dec. 524 Dec. 15 12 3 Mar. 29 Dec. 56 734 16 34 1634 3 4 34 3024 2 Dec. Dec. 28 Dec. 28 7 Dec. 1 Dec. 13 4 6 1734 Sale 17 Sale 1634 30 K 624 1624 Sale 734 1634 1634 1624 17 Sale 16 3134 734 3034 634 1124 Sale Sale 10224 10224 104 101 Dec. 6 2 15 6 34 Dec. 28 734 Dec. 28 Dec. 102 Dec. 2 734 Dec. 1734 Dec. 2 17 Dec. '1 16 Dec. 31 1 3024 Dec. 1 624 Dec. 30 1124 Dec. 31 12 Dec. 5 102 Dec. 31 5 1624 July 28 SK Oct. 20 24 Dec. 2 Feb. 1 4 234 Sept. 28 2134 Jan. 27 3734 Dec. 10 9824 Jan. 4 10724 Dec.*13 8 Mar. 29 15 Nov.P9 56 Mar. 31 7224 July 13 2 34 Mar. 29 634 Jan. 10 7 12 July 1134 Sept. 13 K Oct. 28 34 Mar. 24 9 6 July 424 Mar. 28 8 1 Nov. 524 Dec. 30 3 Mar. 29 534 July 2 234 Jan. 10 1% June 3 15 June 15 3334 Jan. 15 1734 Dec. 28 424 Dec. 22 12 12 7 224 £3524 10734 1134 6524 334 2 56 3K 14 K 17K 17 K 13K 37 K 1234 Dec. 14 24 Dec. 13 Sale 6 524 734 12 724 1134 Dec. 28 24 6K 12% 7 K 12 1,600 Hormel (Geo A) & Co com...* 100 31 Dec. Dec. 1 1938 STOCKS (Continued 11,300 Holophane Co Inc common.* 1,785 Holt (H) & Co class A * 20 1938 Jan. 3 1,100 150 21,000 4,600 YEAR Price ""loo 1,225 RANGE FOR PRICES IN DECEMBER YORK CURB EXCHANGE NEW In 45 EXCHANGE CURB TOEK NEW Sept. 26 534 Mar. 31 4834 Jan. 3 56 Nov. 10 824 Jan 26 1934 Mar. 4 734 Nov. 1434 Sept. 1534 Sept. 1334 Mar. 3034 Nov. 6 524 Nov. 1 2224 Nov. 1 6 24 Oct. 31 1334 Jan. 12 19 Mar. 19 16 Dec. 31 3734 Jan. 21 924 Aug. 1 Dec. 5 Sept. 734 Dec. Apr. Mar. 16 16 1934 May 13 103 82 Oct. 27 Indian Terr 1 lium Oil Co— 600 2,800 Non-voting class A Class B stock 2,500 3,800 Industrial Finance ▼ 3,300 7% preferred 100 1,000 1,175 4,850 900 2,900 100 52,900 Insur Co of North 1 ... t c—— L 134 134 34 K K 34 IK IK Sale ^ 1 134 134 34 Kb ....100 1 Amer 9,000 Internet Cigar Machinery. 65,800 Int Hydro-Elec 13.50 pref..50 "A" stock pur warrants... 4,700 54 18 56 6834 20 K Sale 16 Sale 6534 23 21 22 1724 1 824 67 24 34 Sale rl8 24 Dec. 15 34 Dec. 15 Kb Dec. 28 834 Dec. 28 Dec. 64 28 2134 Dec. 12 1634 Dec. 22 7 34 Dec. Dec. 29 1 34 Dec. 34 Dec. 934 Dec. 6824 Dec. 15 2 17 5 2324 Dec. 28 1834 Dec. 16 34 Dec. 7 29,500 22,900 550 5,000 13,400 1,500 900 15,800 800 100 900 13,800 2 K 28 K 266,300 Internat Paper 8c Pow warr. 247,800 Internat Petroleum com.... 2,550 Registered 50,400 Internat Products com.. 28 ... 2K 5 91,000 International Radio Corp.. 5,400 Internat Safety Razor cl B. 7,900 Internat Utll class A Class B 73,500 $1.75 preferred... 4,800 $3.50 prior preferred 3,230 New warrants 12,000 68,500 International Vitamin..... , 7K K 8% ....... ...... 2634 5K 10 Sale 10 Sale 2624 27 Sale 434 2724 2724 334 1024 24 734 34 934 Sale 24 734 Sale 1024 824 30 30 3K 25 K 1,800 1,600 11,700 32,300 Investors Royalty Co 14,500 Iron Fireman Mfg com 11 c_. 60,600 Irving Air Chute com.... 2,500 20,900 Italian Superpower cl A.... 42,500 Interstate Home Equip 534 Sale 4 34 K Sale 12K 14 K 9 .. 235,000 Jacobs (F L) Co 20,300 Jeannette Glass Co 3K 27 Sale Sale K 5 ....... 24 834 2 Sale 10 34 3 24 534 4 34 24 1724 5 Dec. Dec. 12 Dec. 27 Dec. 21 734 Dec. 30 Kb Dec. 13 624 Dec. 20 Kb Dec. 21 8 Dec. 20 Dec. 17 31 Kb Dec. 8 234 Dec. 20 5 Dec. Sale 34 18 4 Dec. 24 Sale 21 334 2534 2634 3 34 34 334 Sale Kb 34 34 Sale 434 124 Sale 134 4 34 Sale K Sale IK Sale 24, Kb 1534 17 1734 Sale Sale * 8 30 35 4 42 Sale 2834 334 7 Kb Sale com. 5,100 3K 334 2634 26 34 3 34 ... 700 Interstate Hosiery Mills 6,030 Interstate Power 17 pref.... 20,500 Sale Sale 29 ""380 4,700 7 Feb. 124 ,124 24 1534 1624 Kb 7 424 2724 2634 324 Dec. 15 Dec. 31 Dec. 29 Dec. 1 1034 Dec. 1 34 Dec. 6 734 Dec. • 6 24 Dec. 31 934 Dec. 9 31 Dec. 17 Kb Dec. 8 434 Dec. 2 534 Dec. 31 6 424 Dec. 20 Kb Dec. 2 1724 Dec. 30 2 21 Dec. Dec. Dec. 12 Dec. 7 34 Dec. 15 334 Dec. 28 134 Dec. 22 434 Dec. 31 134 Dec. 5 Dec. 31 3 4834 Mar. 31 1624 Mar. 24 824 Apr Feb. 6 450 Internat Metal Indus cl A.. — 24 Dec, 15 34 Sept. 28 34 Nov. 4 Apr. 134 Mar. 21 Sept. 2234 Sept. 234 Mar. 5 17 2 26 28 27 31 Mar. 31 34 Jan. 5 134 Jan. 27 Feb. 24 July 2 13 Oct. 5 6924 Nov. 9 23?4 Dec. 28 28 23 Oct. M 834 424 3134 May 12 Aug. 4 Nov. 9 Mar. 4 31 Mar. 9 424 Feb. 25 14 24 Nov. 10 1 Oct. 19 9 Jan. 6 Kb Dec. 21 1 Jan. 12 734 May 14 2434 Apr. 27 Kb Feb. 4 10 Nov. 17 35 Nov. 6 Mar. 30 224 2 24 2534 234 Kb 1124 724 34 Mar. June Feb. Mar. May Mar. Mar. Oct. 9 5 34 Jan. 424 July 21 634 Nov. 4 29 10 3 28 Jan. 11 30 19 31 724 July 34 Jan. 1934 Oct. 17 29 21 1 3 Dec. 31 3 Jan. 17 May 11 134 Dec. 22 734 Jan. 334 Jan. 11 12 2 Jersey Central Pow & Lt Co— 650 130 110 6,500 150 5",300 450 20 1,800 1,525 5H% preferred........100 1,530 6% preferred ....100 7% preferred ...100 2,390 100 90,800 Jones 8c Laughlln com * 2,150 Julian & Kokenge com Kings County Lighting 1,210 7% preferred series B 670 5% preferred series D 20 12,000 .» — - - « 300 1,900 3,100 131,800 Kingston Products 48,500 10,500 2,000 3,700 320 1 10 6% preferred Sale 6834 Dec. 30 79 Sale 8734 Dec. 23 3334 Dec. 5 35 36 3834 10 K Sale 5 9 1034 104 K 20 Dec. 7 19 9 9134 Dec. 68 Apr. 39 Dec. 21 Mar. 31 6 2524 Dec. 22 Nov. 29 26 18 33 33 224 Sale 334 Sale 134 124 15 1534 6 r524 834 424 Dec. 15 734 Dec. 28 Dec. 12 Dec. Dec. 17 Dec. 7434 Nov. 14 81 Nov. 16 92 Nov. 15 4334 Jan. 10 3234 Aug. 9 May 25 11334 Oct. 19 2124 Jan. 27 27 7 34 Mar. 2 1124 Jan. 14 524 Apr. 1 106 Sale 9 103 Sale 24 9 834 9K 2434 Dec. 1 57.34 67 52 Sale 50 45 51 40 43 41 3 75 69 Sale 124 Sale 834 1124 1124 6834 40 2 34 12 16 224 134 13 1 Sale 324 Sale 134 134 1234 1334 8 824 14 34 Sale 10 1134 234 9 34 .... 71 9 6 104 24 Dec. 23 24 624 Dec. 29 Dec. 21 134 Dec. 21 234 Dec. 9 1 67 Dec. 41 Dec. 21 3 224 Dec. 2 324 Dec. 27 1234 734 1034 1124 Dec. 16 Dec. 19 Dec. 13 Dec. 9 13 1124 Dec. 9 69 Dec. 72 8 2 Dec. 824 Dec. 14 34 1 8 Dec. 31 Dec. 1234 724 12 424 1224 Sale 1134 424 Sale Sale 50 Sale 3 Sale 12 5 52 24 Sale 234 Sale 8734 98 4934 334 2834 Mar. 67 22 5424 Oct. 334 Jan. Mar. 124 June Nov. 3 26 10 Feb. 5 Dec. 5 3 14 Jan. 24 8 234 24 1234 524 £524 1024 Sept. Dec. Mar. Mar. Jan. 68 Nov. 30 10234 Jan. 13 Oct. 27 134 1534 824 1434 1234 60 60 17 45 Dec. 9 Dec. 20 Aug. Jan. Jan. Dec. 8 July 20 Feb. 23 49 Dec. 60 6 106 1 38 May 26 4434 Sept. 14 124 Mar. 28 5 9 Dec. 24 Dec. 23 5034 Dec. 30 3 34 Dec. 1 1234 Dec. 27 Dec. 103 45 1124 Dec. 29 434 Dec. 5 4734 Dec. 24 224 Dec. 21 Mar. 31 3734 June 30 1134 June 28 434 Dec. 5 45 1134 734 4 24 Dec. 13 41 ..100 100 Dec. 2124 Jan. 100 180 Lane Bryant 7% pref 5234 Apr. 61 Apr. 7234 Dec. 76 6834 11334 7 Kresge Dept Stores— 4% conv 1st preferred..100 240 Lackawanna RR N J 73 Sale 22 * 1 336,100 Lake Shore Mines Ltd 47,650 Lakey Foundry & Machine. 1 20 Sale 1 6,300 Kress IS H) & Co spec pf__10 22,200 Kreuger Brewing Co J 10 4,700 1 Klein (D Emill Co common..* 6,120 125 15,100 Klrby Petroleum Kirkland Lake G M Ltd 500 Kobacher Stores Inc com.. Koppers Company— " 2 ,400 100 100 .....1 Kielnert(IB) Rubber 16,825 Knott Corp com.... 200 3,900 32 K 420 Kansas G & E 7% pref 100 10 Keith (Geo E) Co 7% pref. 100 5 24,200 Kennedy's Inc 7,350 Ken Rad Tube & Lamp cl A * 200 Kimberly-Clark 6% pref.. 100 6,200 Kingsbury Breweries com_..l 90 10,250 72 79 Dec. 20 Dec. 20 12 34 Feb, 10 11 Jan. 17 Aug. 1 5834 Feb. 1 3 24 Nov. 14 8524 Jan. 14 Langendorf United Bakeries Class A 50 _ 200 100 39,300 34,100 2,500 7,150 5,800 900 50 400 Class B 700 1 5,600 Lefcourt Realty com Conv preferred * 5,900 263,100 Lohtgh Coal 8c Nav... .♦ 178,000 Leonard OH Dovelopment_.?5 17,600 17,750 Le Tourneau (R G) Inc t Line Material Co 9 K 1234 334 1 Sale Sale Lit Brothers com........ * 16 1 25 * 934 14 134 1024 x3K Sale 134 12 Sale i^6 Sale a 14 1 124 1034 934 324 Sale 24 Kb 3134 3124 13.24 Sale 1 Dec. 2 10 Dec. 23 224 Dec. 22 34 Dec. 12 1824 1034 16 1634 Sale Sale 2834 1534 Sale 20 Stile r20 Sale 12 1334 Sale 1334 25 28 Dec. 1 1234 1834 1124 2124 124 Dec. 23 Dec. 22 Dec. 23 Dec. 23 12 34 2734 834 24 2324 1834 134 634 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 20 90 5 new 196,400 Lion Oil Refining 7,200 Lipton (Thos J) class A 6% preferred 900 17,400 14 ..* Dec. 23 Dec. 22 1 Dec. 2 10 Dec. 23 x3K Dec. 31 24 Dec. 5 32 Dec. 1534 2034 1334 2124 Dec. 1 Dec. 15 Dec. 1 Dec. 23 Dec. 1 16 90,600 15,100 45,100 2,250 4,925 4,200 37,500 20 300 500 29,350 Locke Sceel Chain Co 5 1 1,099,000 Lockheed Aircraft _• 166,300 Lone Star Gas * 174,200 Long Island Light com 7% preferred 100 9,705 6% preferred series B..100 17,475 ... 124 Sale 124 13 34 2924 934 134 2634 22 24 Sale Sale 1224 3634 Sale 9 234 IK 234 824 Sale 134 724 Sale % 34 5 35" "3734 8,500 51,200 Majestic Radio 8c Tel Corp..l 4,600 8,500 Manati Sugar opt warr 14,500 Mangel Stores Corp com 60 200 600 1 Sale 30 % 1 35 124 '"234 ""334 * 1 24 124 Sale 724 Kb 24 33 Sale 34 234 33 34 34 124 Sale Sale 22 34 124 Sale . 18 % 34 Sale 24 2 34 24 32 30 2034 1834 20 1934 21 734 534 6 524 6 conv 3,800 Mapes Cons Mfg Co 3134 Sale 28 preferred ..* 200 Manischewitz Co common._* $5 580 Dec. 23 224 May 27 K Dec. 12 13 Mar. 30 1134 June 29 1524 Mar. 28 10 Sept. 14 19 Sept. 8 2 2 934 Dec. 2 23 134 Dec. 2734 Dec. 2334 Dec. 6 124 Dec, 9 23 13 5 34 Dec. 14 7 134 Dec. 3034 Dec. 27 Dec. 34 124 3134 1034 1934 29 Dec. 12 Doc. 14 Dec. 13 Dec. 14 Dec. 28 Mar. 28 Mar. 19 Mar. 28 7 1334 Dec. 3734 Dec. 29 22 27 1 1 5 724 Dec. 31 90 Dec. 23 34 Dec. 14 134 Dec. 27 3324 Dec. 30 134 Dec. 5 24 Dec. 6 124 Dec. 14 32 Dec. 11 Dec. 13 3 2034 Dec. 9 Mar. 29 624 Mar. 31 24 23?i 1834 134 d" X* Dec. 23 14 May 13 534 May 26 134 June 29 15 July 14 6 534 July 8 % Jan. 32 Nov. 2 1624 Oct. 27 Jan. 10 25H Feb. 3 14 Jan. 25 18 July 26 24 Nov. 7 1634 Aug. 24 37 34 Dec. 29 1024 Oct. 17 Jan. 3 A* Dec. 27 42 Jan. 5 Dec. 23 Dec. 13 3434 Jan. 224 Jan. 19 Mar 30 Jan. 10 July 26 Oct 90 6 11 K Jan. Mar. 25 13 July 13 4 Oct. 15 24 Mar 31 39 July 26 24 34 124 2934 1034 Mar. Sept. Apr. June Dec. May 23 28 6 22 14 12 524 Nov. 7 15 1% July 30 45 Feb. 27 12 4 11 July 331 Jan. Dec. 3 2034 Dec. 9 734 Jan. 8 Marconi Internat Marine— / 600 For footnotes com IK 3634 Sale Sale Sale Sale * 19,400 Loudon Packing Co com 265,900 Louisiana Land 8c Ezpl com.l * 130 Louisiana P & L S6 pref 5,400 Lucky Tiger Combination. 10 * 3,000 Ludlow Valve Mfg Co 13,000 Lynch Corp 400 834 934 Sale 724 Sale 834 134 >•2524 Sale 2034 134 124 1,100 10 19 134 425 Loblaw Groceterias class A_* "2",200 May 13 3 Apr. 12 24 Jan. 17 see Communication Am dep ret page 53. 6K 46 NEW aqqreqate December Shares prices in december NEW YORK CURB EXCHANGE Shares Dec. 1 1938 Par Bid 2,900 MargayOU * 33,400 Marlon Steam Shovel com..* 16 6,700 Mass Util Associates v t c—1 38,000 Massey Harris Co common..* 26,400 Master Electric Co..........1 Dec. 2 May Hosiery Mills— $4 preferred........ 1,000 ranoe for 23 454 5 234 634 634 1834 Sale Lowest 17 Highest Sale Prices Sale Prices 31 Ask Ask Bid 1634 Dec. 12 19 2 Dec. 28 Dec. 10 6 Dec. 4 434 234 734 Sale 1734 1734 1734 Dec. 10 1J4 Sale 1734 Sale 1734 Dec. 27 434 Dec. 6 134 Dec. 23 1434 Dec. 28 4 2 9 Lowest 2 Dec. 10 734 Dec. 23 1834 Dec. 1 * 4 X.400 6,000 400 9,700 700 99 Sale 17 Sale 12634 4 ..* 1634 Partlc pref 354 Sale Part 1834 5 Sale 5x 1734 16 434 534 — 69,600 Merritt Chapman Ac Scott * 4,300 634 % A pref 100 1,900 Common stock pur warr'ts. 105,000 Mesabl Iron 1 5,500 Metal Textile Corp com..25c 170 1834 3 254 Sale 45 Sale 134 uec. / 1734 Dec. 31 125 Dec. 9 13034 Dec. 29 128 132 Sale 4 Dec. 2 334 Dec. 28 4x 334 334 15 Dec. 6 Dec. 28 434 2634 334 5834 X& X Dec. Dec. Dec. Dec. Dec. Dec. 27 28 5 29 15 2 Dec. 60 Merchants & Mfrs class A—1 700 825 . Sale 2% 100 Memphis P & L $7 pref 6,750 Mercantile Stores Co 9,600 cva 95 25,470 Memphis Nat Gas torn ......5 ix 4 Sale 60 Sale 34 IX X 134 3xe * 34 Sale Sale 9 3 4 preferred..........15 434 Sale Sale 63 34 Sale 30l «!* 1 Highest 55 Feb. Oct. 9934 334 2034 13034 434 • 134 Mar. 734 Mar. 90 3 Mar. 6 45 Mar. 1834 Dec. 1 1334 Mar. 534 Dec. 7 27 Sept. Mar. July Aug. Jan. Oct. Dec. Mar. Dec. 60 2034 Nov. 3 Mar. 29 21 2 1 834 July 5 234 July 30 10 July 22 1834 Nov. 10 Sept. 14 134 Mar. 29 434 Mar. 29 1134 Mar 31 Dec. 60 24 June 20 3 93 21 10 J 104,600 McWllllams Dredging com. 10,750 Mend Johnson & Co com..—* 1,200 16 47 13,500 McCord Radiator & Mfft B..» 25 1938 Sale Prices Sale Prices 76 McColl-Frontenac Oil Ltd. 100 2,300 9,700 1,775 2,200 year Price Jan. 3 STOCKS (Continued) n 1,200 2,200 1,900 5,700 1,250 EXCHANGE CURB sales 12 Months 1938 In TOEK 534 Oct. 11 16 11 10 29 1 6 2 29 Dec. 14 Mar. 22 28 Aug. 19 434 Dec. 7 Mar. 25 23 9 30 34 Mar. 31 5 71 July Dec. Dec. 9 21 34 Dec. 30 34 Dec. 30 134 Dec. 2 34 Nov. 23 34 Mar. 30 34 Jan. 8 25 Apr. 6 July 23 U July 25 134 Feb. 4 3434 Nov. 16 28 19 14 15 12 xt Dec. 34 Dec. 334 Dec. 834 Dec. 34 Dec. 334 Dec. 71 Metropolitan Edison Co— 625 400 8,000 12,700 1,600 5,900 500 $6 preferred .....* 5,600 Mexico-Ohio Oil Co * 103,400 Michigan Bumper Corp 1 143,200 Michigan Gas fit Oil Corp.. 14,400 Mich Steel Tube Prod....2.50 32,900 Michigan Sugar com * 4,600 Prefer red ..10 9/e 1 34 % Sale Sale 4 8 534 ....... 34 234 834 34 334 % Dec. 34 234 734 Sale Sale 834 234 334 Us 234 734 % 234 Dec. Dec. Dec. Dec. Dec. May Dec. June Sept. 5 May % Mar. 234 Dec. 7434 x$ 34s 134 13 2 13 14 26 31 12 85 Tia 34 534 1034 34 5 May Jan. Jan. Jan. 20 20 10 14 Nov. 7 Jan. 12 Feb. 24 Middle States Petroleum— 8,800 6,400 15,160 79,000 Class A vot trust ctfs * 48,638 Class B vot trust ctfs * 64,560 Middle West Corp common..5 19,300 Warrants Sale Sale % Ottio 634 Sale 434 Sale % % 734 Sale 434 Dec. 10 34 Dec. 12 534 Dec. 28 9 734 Dec. 30 6 Dec. 15 12 Dec. Sale 99 Dec. % Dec. 1 134 Apr. 5 34 Mar. 24 434 Sept. 28 xt Nov. 17 534 Dec. 28 134 July 12 834 Oct. 17 1 June 30 Midland OH Corp— 3,450 434 * 12 convpref 334 634 334 434 334 Apr. 14 10 Feb. 23 Midland Steel Product— 1,600 2,400 .1,900 5,969 """650 3,600 150 1,100 4,500 13,900 600 2,400 200 "T.865 600 175 9,310 $2 non-cum dlv shares * 12,325 MtdvaleCo —* 18,800 Mid-West Abrasive Co 50c 47,069 Midwest Oil Co 10 3,650 Midwest Piping & Supply Co* 4,750 Mining Corp of Can.. 13,200 Minnesota MIn & Mfft Co * 150 Minnesota P & L 7% pref.100 650 Miss River Power pref 100 3,200 Missouri P.ub Serv common.* 40,500 148,600 I,700 88,700 3,800 2,800 9,435 7,050 2,650 1,075 Mock Judson Voehringer2.50 1 Corp Molybdenum Monarch Mach Tool Co com Monogram Pictures com 1 Monroe Loan Society cl A..1 Montana Dakota Utilities.. 1® 300 18,800 10,200 Sale II j* 26 734 10 2 27 1434 Sale 100 Sale 234 Sale 834 Sale 1034 1234 134 234 3834 39 1434 106 134 834 134 * ... Mountain Producers Corp. 10 500 134 Dec. 30 7X Dec. 10 1 15 234 Dec. 1 834 Dec. 16 2 134 Dec. 13 3834 Dec. 2 134 Dec. 13 41 Dec. 6 115 Sale 5 3 5% Sale 5 5% 1254 15 1% Sale 1% 234 5 534 534 Sale 20 1634 134 134 2 134 634 734 11534 Sale 11434 Dec. 3 Dec. 234 334 1434 Sale 1334 Dec. 534 1734 Sale 30 145 33 Sale 2834 3734 3834 34 134 534 634 Sale 5 Sale 234 634 434 1634 134 134 Dec. Dec. Dec. Dec. 6 3 Dec. 6 2 1434 Dec. 14 27 534 Dec. 19 1734 Dec. 15 23 10 2 28 134 Dec. 22 Dec. 31 Dec. 3 14934 Dec. 17 159 2934 Dec. 16 3034 Dec. 27 7 3134 30 Dec. 5 2834 Dec. 40 Sale 2834 3834 180 162 Sale IX Sale 534 Sale 434 5 30 165 155 Sale 20 Sale 2 6 11534 Dec. 31 X, 554 634 534 Sale Sale Sale 34 Dec. 534 Dec. 534 Dec. 434 Dec. Dec. 800 23,000 Murray Ohio Mfg Co 16,000 Muskegon Piston Ring..2.50 350 100 3,100 34,600 Muskogee Co 1,500 Nachman Sprlngfilied Corp.* 77,100 Nat Automative Fibres com.l 152,300 Nat Bellas Hess com 1 25 National Breweries """300 4,100 I,250 4,100 8,500 500 600 7x 9H 9 11 9 Sale 1034 934 334 1234 134 134 434 122 1034 1134 834 Dec. 27 1034 Dec. 13 934 Dec. 12 1134 Dec. 14 Mar. 26 ill July 19 Mar. 29 8 Feb. x4 Oct. 22 Dec. 6 June 11 Mar. 28 Mar. 31 Sept. 26 June 17 Apr. 1 Mar. 31 Sept. 26 2034 May 26 26 2834 May 19 13 Dec. Jan 9,700 National City Lines com 2,450 S3 conv preferred 38,500 National Container (Del) 1 105,200 National Fuel Gas * 9,100 Nat Manufacture & Stores..* 23,500 National Oil Products....__4 Nov. 15 7 3 Aug. 634 July 27 Aug. 25 6 334 July 234 Sept. 2 20 i«K 6 Mar. 29 6 June Nov. 9 Nov. 17 17 28 6 Nov. 17 3134 Oct. 3134 Oct. 3834 Oct. 2 Jan. 10 534 Dec. 31 Jan. 13 m 12434 12 July 7 Jan. 8 Mar. 31 4 Nov. 10 July 29 834 10 834 Sale % Sale 7 934 734 834 34 Sale 10 Sale 5 X Sale 834 Dec. 5 634 Dec. 8 34 Dec. 23 834 Dec. 5 834 Dec. 15 % Dec. 1 734 Dec. 28 734 734 Dec. 28 7 12 34 Nov. 10 Sept. 30 1034 Aug. 26 7 June 24 934 Oct. 14 034 Oct. 24 334 Mar. 23 34 Dec. 23 36 * 1 50 Dec. Nov. 10 com... 600 National Candy Co com 78 3 165 Jan. 3 334 Feb. 334 May 28 434 Mar. 30 100* * common Nov. 21 9 6 11534 Dec. 31 May 7 2 34 Mar. 26 434 June 4 1634 Nov. 12 634 Jan. 1 534 Dec. 31 634 Dec. 7 534 Dec. 15 15 June 20 May 31 115 1 234 June Mar. 31 103 145 34 {Mountain States Pow com.* 870 Mountain Sts Tel & Tel 100 1,400 734 5934 34 634 834 134 2434 69 22 Moody's Investors Part pref. 834 Sale 40 Montreal Lt Ht & Pow com.. Moore Corp Ltd.. 2 15 1434 Dec. 9 115 Dec. 12 11 155 7% A pref 100 32,050 {Moore (Tom) Distillery Co.l 1,300 Mtge Bank of Col Am Shs_. 542,300 Mountain City Copper Co._5c 65,500 78 13 h 83 Montgomery Ward & Co A. 250 6,000 1234 934 37 1134 Sale 1034 35 Sale 40 1234 Sale 10 Dec. 1 13 Dec. 22 38 14 — Sale Sale 35 Dec. 5 40 Dec. 17 Sale 334 33 Sale 34 634 Sale 1234 Sale 334 4 3034 3134 634 Dec, 28 734 1234 Dec. 10 14 334 Dec. 20 334 3134 Dec. 27 *3334 7134 Sale 65 Dec. 9 3 734 Dec. 16 Dec. 12 Dec. 1 Dec. 27 Dec9 May May 634 Apr. 6 6 8 7 1 Jan. 10 May 6 734 Nov. 21 36 13 8 40 534 Sept. 14 1134 Sept. 14 x9 25 Apr. Dec. 22 Dec. 17 Feb. 14 1434 Jan. 2 Mar. 18 4 15 Mar. 30 38 31 5 Nov. July 11 9 19 Nat Power A Light— 2,575 500 6,000 2,250 600 1,525 4,100 35,875 2,800 69,100 28,750 8,400 5,350 45,600 5,400 2,600 300 „ 20 7,000 """600 200 1,500 30,800 100,700 41,000 15,150 5,600 1 2,100 4,200 II,700 5,600 5,500 100 "ltoo 550 500 70 * * National Transit 12.50 National Tunnel & Mines..* National Union Radio com..l Navarro Oil Co * ^ - 134 35 1434 2 34 a Sale 1634 Sale 5 1* 2^ 67 65 1334 Sale Nehl Corp * com 300 Nevada Calif Elec 375 7% preferred 1,220 8,175 2,180 18,000 20,500 76,080 39,600 93,200 1,100 2,000 28,600 5,600 2,520 9,100 41,210 1,600 1 60 1134 Sale 134 Sale 1234 734 834 134 Sale % 34 13 14 734 734 Sale 2 % Sale 1434 1534 7 8 134 234 % Sale 1334 1434 100 ...* 6% preferred..... New Engl Tel & Tel Co...100 New Haven Clock Co com * common... Auction Co N Y tk. Hond Rosario M 7% preferred Dec. 22 Dec. 634 34 734 34 8 534 34 734 34 5 Dec. 28 4134 44 4' 5834 6134 5034 Sale Sale Sale 5 28 734 Sale 10 va Sale n 29 i*' Mar. 29 Dec. 5 Mar. 19 Dec. 7 Aug. 24 6934 Dec. 15 1 1334 Dec. 434 Dec. 22 134 2 534 8 2434 Sale 9 934 97 2534 27 1734 2334 734 2434 734 Sale 6 Dec. Dec. 1 Jan. 6 Mar. 29 134 Dec. 24 15 Dec. 2 380 59,100 1,675 ... 125 13,100 3,600 8,900 Founders 1 shares New York Transit. .5 2,440 N Y Water Serv 6% pref 545,290 Niagara Hud Pow com 18,250 5% 1st pref..!. 1,850 5% 2d preferred 10 734 Sale 334 434 1934 734 Sale .....100 200 Class A preferred 88,500 Nlles-Bement-Pond 42,600 Niplsslng Mines For footnotes see page 53. Sale 434 1334 334 Sale 4 61 Sale 1 ~ 134 534 Sale Sale '"734 Sale Sale 5634 834 134 Sale 834 Sale 2 6 * 1 5 3134 Sale » 234 Feb. 17 Dec. 21 July 22 34 134 534 Sale Sale Sale 6034 834 134 Sale 834 134 Jan. 9 13 4 8 18 L % July 22 7 July'25 L34 Nov. 4 4 Nov. 15 034 July „T 3 July 22 6 15 9 June 17 34 Dec. 10 Nov. 10 7X Jan. 134 Oct. 5X Apr. 1 July 10 27 28 28 Dec. 23 5 Dec. 14 Dec. 23 47 Dec. 27 June 18 10 Apr. 12 36 Mar. 31 15 Apr. 85 Mar. 26 Dec. 1 Nov. 834 Oct. Dec. 5 Jan. Jan. Jan. 7 Dec. 27 6 334 3 34 534 334 June 1234 Dec. 31 5734 Dec. 31 "9 10434 Dec. 27 834 Dec. 16 Dec. 19 62 Dec. 19 1 134 Dec. 79 34 Dec. 15 42 Dec. 9 24 Dec. 18 17 Dec. 19 19 Dec. Dec. Dec. Dec. Dec. 30 28 Dec. 28 *834 Dec. 1 43$ Mar. 30 Sept. 13 4534 Mar. 31 *10 134 Mar. 18 Mar. 31 Mar. 30 234 Dec. 31 2 Jan. 12 5 Apr. 1 8 July 29 1 Oct. 14 7 Oct. 26 234 Jan. 15 234 Jan. 5 834 Oct. 22 2434 734 9834 10534 23 100 28 108 11 Dec. 1 334 Dec. 23 Dec. 22 5 Nov. 22 Mar. 26 2 Jan. Mar. 31 9 034 July 25 0 Jan. 14 Mar. 30 6 634 Apr. 4 81 Apr. 9134 Apr. 21 20 Dec. Dec. 1334 Dec. 31 7 334 Dec. 9 1734 Dec. 5 Mar. 25 334 Dec. 23 1034 Mar. 30 7 Dec. 28 8 Dec. 1 85 Sale 8234 34 134 534 May 28 Mar. 30 15 15 100 com 850 Nineteen Hundred Corp B 100 334 87 .... 25 11 16 100 Class A warrants 69,000 Class B warrants 23,200 66,900 Niagara Share Corp class B 5 11,200 4,800 10S 12 3 Nov. 15 ix Jan. 11 7 x Aug. 25 % Feb. 1 2 Feb. 18 534 Dec. 12 N Y Shipbuilding Co— 200 13 Dec. 2 "134 ""234 19 17 734 24 24 234 1934 Dec. Dec. 28 Dec. 31 9 Dec. Dec. 10 Dec. 29 . 134 1834 Mar. 18 May 27 29 1034 Dec. 5034 Dec. 2034 105 107 102 10134 104 8 234 134 SL 634 1334 Sale 1334 1434 1434 Sale 58 63 6134 5434 Sale 134 134 134 Sale 79 78 r76 7534 22 . Sept. 23 1 15 98 Mar Dec. Dec. 47 1234 5734 7134 Dec. 31 334 Dec. 30 'Xs Dec. 27 34 Dec. 21 10234 Dec. 21 10434 Dec. 22 2 *4834 Dec. 15 4034 Dec. 5 22 100 13 6 56 10 634 Dec. 13 134 Dec. 20 3 34 Dec. 5 * common._ 17 634 10 NYC Omnibus warrants Dec. 5 .y.25 Newmont Mining Corp New Process Co common Y 46 7 4 New Mexico & Arls Land.. N 4534 104 Dec. 37 * New Jersey Zinc 1 5934 Dec. 31 1134 Dec. 21 33 com.* $2 preferred New Idea Inc 103 100 New England Pow Assn 434 Dec. 28 5 Xe Dec. 4 100 com 14,300 N Y Merchandise Co com..10 1,260 N Y Pr & Lt S6 pref * 150 434 Nebel (Oscar) Co com 100 '""340 • , Conv partlc preferred National Steel Car Ltd 10 1st preferred 7,800 Nelson (Herman) Corp 5 II,000 Neptune Meter class A ..* 4,600 Nestle Le Mur Co class A...* 25 2,100 National Service Co Sale * 500 Nebraska Power 7% pref..100 34,600 150 925 Sale —* 25 Nat Rubber Mach com National Sugar Refg * •775 National Tea Co 5 34% pref. 10 100 13,000 6,200 S6 preferred National Refining common Dec. 23 87 Dec. 1 70 Mar. 30 8234 Dec. 6 60 Dec. 31 Dec. 14 May Sept. Apr. Mar. Oct. Apr. Mar. Sept. 1 8234 Dec. X* Dec. 23 134 Dec. 27 434 Dec. 21 8334 Dec. 23 3 5234 Dec. 8 Dec. 14 134 Dec. 13 2* Dec. 3 83 34 Dec. 23 534 6134 Dec. 19 8 Dec. 134 Dec. 14 53s Mar. 30 Xs % 354 7934 24 34 754 134 4 14 5 30 11 1 23 12 0 3 Jan. Oct. 934 Oct. 13 34 434 2134 1034 8934 82X 34 234 734 8934 6134 934 Dec. Jan. Oct. Oct. July Dec. Dec. Nov. Oct. Jan. Dec. Feb. 234 Feb. 12 5 15 31 31 6 20 17 25 6 31 12 15 22 19 14 4 NEW JAN., 1939] AGGREGATE YORK CURB EXCHANGE NEW December 12 Months 1938 Share* Shares In 9,300 13,700 2,450 1,700 800 150 400 600 7.900 80 60 700 21,200 1,410 2,800 1,875 550 2,700 80 50 9,700 2,650 450 12,200 Ask 3 5* Sale 15* Sale ..vl ...1 12,400 Ohio 3,050 Ohio 14,900 Ohio 2,890 Ohio 20 :i5o '.lib Sale 48* 4 5* 35* X ...i % Sale 23 22** % 4P 44S 3% 11*1 * Sale 23 20 Sale 90 X 92 108 X 109 preferred— 100 preferred. 100 7% 1st pref 100 pref X Mar. 30 Dec. 14 31 Dec. 15 Dec. 15 Dec. 16 15 123* Mar. 29 115* Mar. 29 42 Apr. 9 5* Mar. 29 35* Mar. 14 Mar. 30 45 Dec. 16 Dec. 22 Dec. 3** Dec. 21 **6 Dec. 6 78X Dec. 13 86 Dec. 9 4** Dec. 8 Dec. 7 Dec. 2 47 90** 45* 115* 15** Dec. Dec. 2 1 1 4 Sale 80* June Aug. Aug. 29 85* 10 83* Sale 21X Sale 70 87 X 2X Sale 95* ' 11 12 12** 5 5 Mar. 30 15 50 Dec. 24 4 Dec. 31 6X Mar. 30 145* Oct. 85* Mar. 28 xl8** Oct. Feb. 6 30 28 Dec. 21 33 Dec. 23 Dec. 26 Dec. 22 Dec. 101 Dec. 7 87 111 Dec. 14 100 May May 101 Dec. Dec. Dec. 115 Dec. 13 115 Dec. 100 Dec. 20 1095* Apr. 935* June 85 Apr. 9** 125* 41** 103** 15* Dec. 14 Dec. 14 Sale 40 Dec. 22 Dec. 7 1 15* 42 38 Dec. 100 102 100 Dec. Sale 15* 1** Dec. IX Dec. 3 17 13 Dec. Mar. 29 33 June 1065* Dec. 21 9** Dec. 11** Dec. 40 103 101 10 10 845* Nov. 14 913* Nov. 4 Apr. Apr. 18 1 345* Jan. IS 11* 6 , Jan. Sale 9** 15 Oct. 45* July 9 29 99 99** 100** 99** 100 110** Sale 110** 111** 1095* 1135* 1055* Sale 1055* 8 8 Nov. 26 45* Dec. 10 75* Dec. 21 135* Dec. 28 24 7 13 Dec. 1123* Oct. Nov. 17 1065* Dec. 21 Dec. 20 100 27 Mar. 105* July Mar.: 14** Oct. Jan. 41** Dec. 22 17 31 1055* Oct. 25* Jan. May 15* Dec. 55* Mar. .* 200 Oliver United Filters B Mar. 26 3 Dec. 31 Dec. 28 99 210 6% 1st pref 100 4,500 Ollstocks Ltd common....—5 105,600 Oklahoma Nat Gas com..—15 S3 preferred 22,150 .....50 Conv 6% prior pref 2,500 100 72,100 Oldetyme Distillers— —_-l 45 6 Dec. 11** Sale 14** 16 45* 5 95* Sale 15** 17 325* Sale 32 Edison $6 55* 15* 62** 23** 22** Highest Sale Prices 6** Oct. 24 25* Oct. 15 62** Dec. 14 25 73* 95* Sale 6 .100 Lowest Sale Prices 20 .100 -10 Highest Sale Prices 45* Dec. 19 1** Dec. 6 60** Dec. 3 20 Dec. 28 .100 Power 6% 730 Ohio Pub Sere 55* Sale 15* Sale 61** 62** 21** 225* 21** 22H 5X Sale 21** 21** Sale 20 5* 40 Brass class B OH 6% 5X IX Lowest Sale Prices 31 Ask Ask Bid Bid 62 * Dec. Dec. 1 1938 Bid . 30 1,800 Jan. 3 Par 62,200 Noma Klec Corp com 161,200 Nor Amer Lt & Pow com. 18,550 $6 preferred 19,600 North Amer Rayon cl A. 16,500 Class B common 1,050 6% prior preferred 5,200 Nor Amer Utll Sec com.. 9,600 North Cent Texas Oil... 48,000 North European Q|1 com. 1,610 Norlnd Pub Ser 6% pref. I,830 7% preferred 9,200 Northern Pipe Line 115,700 Nor States Power com A. 15,810 Northwest Engineering.. 19,700 Novadel Agene Corp..... YEAR 1938 Price (Continued) STOCKS RANGE FOR IN DECEMBER PRICES SALES 47 EXCHANGE CURB YORK 11 53* Mar. 8 Omar Inc— 600 1,350 12,400 2,700 525 130 400 1 Pacific G 5c E 5H% 9,950 4,575 25 1st preferred 600 3,200 1,030 200 2,800 250 "2,806 96,000 6,700 I,100 359,900 48,100 1,050 525 """950 475 100 8,800 1,200 Dec. 28 32** 18 20 18 Sale 18 Dec. 29 Dec. 24 £108 17 Dec. 109 Dec. 12 64** Dec. 65* Dec. 70 Dec. 10 Sale ----- ~4~X 64** 7** 45* 55* 3** 4** 16X 173* 14** 14** 69 7** 21** 75* Sale 75* Sale 35* 3** 35 21 19 35* 13** 15 13 14 45* 38** 75* 7 35 39 35 75* 7** 1** ** 2** 1** 8** 25* Sale 8** 5* 1 23* n 1 * * * 10** 35* Sale 35* 3** 3,300 16,800 2,500 3,900 1,000 10,300 4,100 * 50 ... • 100 133 155 152 145 68 72 75** Sale 167 Sale 3 42,700 Pierce Governor Co com 3,100 Pines Winter front Co 6,300 1,350 74 35* 6 25 31 26** , 25** "26" 8 4 5jL.Sale Sale 5** 6** 9** 6** Sale 7** 153 7,600 1,700 3,900 125 3,800 200 2X 5X 3 6 Sale 50 56 80 Pitts Metallurgical Co.....10 7 9 com 25 Pleasant Valley Wine Co Plough, Inc 1 * ......... Polaris Mining Co...... 775 Power Corp of Can First preferred 20 9,120 74,500 25c 9,500 34,800 * 1 * com Pressed Metals of Amei X 4; 4,325 Providence Gas Co 39,200 Prudential Investors $4 preferred 3,250 Sale 18 15* 19 17 Sale ** 25* 6X 5* Sale 7 9** Sale Sale Dec. * * com 2 "19"" *& * ... 12 5 9 Nov. 9 24** 175* 5* 25* 6X Sale 25* Dec. 28 Dec. 27 22X Dec. 20 Sale 16 Dec. ** 2** 6** 41** 6 Dec. Dec. 21 Dec. 24 Dec. 19 11 Sale Sale 4 3* 8 Dec. 5* 4** Sale Sale c, > Sale 5 8 2 23 28 28 28 6 5* Dec. 27 4X Dec. 105* Dec. 28 • 21 20 2** 19 Sale 5X 83 6 98 40 23 Sale 195* 2** 2** 40 22** 23** rlA6 Sale 45* Sale 65* 7 7 7** 38** Dec. 27 9** Dec. 27 303* Dec. 27 18 Mar. i Dec. 27 21 Dec. 27 98 92 Sept. J* Dec. 22 Jan. Dec. 13 Dec. 31 Dec. 72 Dec. Dec. 15 Dec. 31 1 Dec. 18 Dec. 14 ** Dec. 25* Dec. 7 Dec. 413* 11** 62** 8** 1073* 5* 105* 23* Dec. Dec. Dec. Dec. Dec. Dec. Dec. 1 31 Apr. Sept. Dec. Oct. 17 Feb. July 29 Mar. Feb. 10 Nov. 28 July 5 Mar. 30 Oct. Mar. Oct. 11 28 Mar. Dec. Aug Jan. 11 7 July Jan. 9 Jan. 2** Sept. 19 Nov. 10 19 375* Mar. 29 4 3* Mar. 345* Mar. Jan. 24 14 Mar. Oct. 27 Mar. ; Oct. , Jan. 17 14 30 2 5 Dec. 29 1 d* 6* 14 10 June 18** Dec. 20 25* Dec. 20 Dec. 2 95 17 June 14 13 28 10 28 1 23 Feb. 15* Mar. 30 33 1 ** Dec. 14 Dec. 9 65* Dec. 10 7 Dec. 14 92** Dec. 1 2 18 7 June 10 93* 3*6 3 5* 6 3* 35* 30 4 30 31 30 12 9 ; Mar. 5* Sept. 16 25* Mar. 30 14 9 Nov. June 15* Dec. Dec. 25* Dec. 20 i Nov. June Dec. Dec. July 5 Aug. 24 Mar. 5 31 30 Dec. 5 Dec. Aug. 30 Dec. 1 Mar. 6 8 13 Nov. 10 545* Apr. 303* 25* 53* 265* 26 Feb. Dec. 793* Mar. 1213* May 19 Aug. 35* 43* 1125* 293* 25* 15* 105* £105* 28 July Mar. 24 8 Dec. Mar. July 25* Apr. 59 75** Dec. 9 Nov. 16 45 74 27 June 29 Mar. 15* Sept.. ** Dec. May 24 27 Nov. 18 Jan. 1075* Apr. 5* Dec. 28 34 % ** 45* Sale 65* 65* 65* Sale 92** Sale Dec. 25* Mar.: 5 Dec. Dec, Dec. Dec. Dec. Dec. 9 10 12 21** 3*6 4** 65* 65* 92** Sept. 30 14 93* Dec. 31 65* Dec. 27 Sale 31 Jan. 75* Dec. 16 2 5** Dec. 13 Dec. 13 167 14 6 Dec. 30 Dec. 29 19 100 Sale % Jan. 1 35* Dec. 95** Dec. 13 5** Sale Aug. 10 Sept.: Sept.: Dec. : June Jan. 26** Dec. 14 Dec. June 115* 33* 75* 3** Nov. 685* Dec. 23 25** Dec. 27 60 51** Dec. 62** 85* 8** 75* Dec. 7** 109 108 100 Dec. *104 ** Sale X 5* 5* Dec. 5* X 85* Dec. 10** Sale 85* Sale Sale 2 15* Dec. IX 2 33 25c common Dec. Nov. Nov. Sept. May : 50 25* 16 15** Producers 21 29 Dec. 24 Feb. 100 Premier Gold Mining Corp 31,700 Prosperity Co B 265* 2** Sale Sale 2** 4** 52 M 8 86** Sale 1** IX 73* Sale 3 Sale 13 com Pratt 5c Lambert 75 Prentice-Hall Inc """700 Sale 1 7 5 42,800 Potrero Sugar com 50,350 Powdrell 5c Alexander com..5 125 3** 5 2** 25* 175* Sale 11 12** 1 Pitts 5c Lake Erie RR Dec. 273* Mar.; 25J* Apr. 98** Mar.; 46 Apr. 35* Mar.; 153* Apr. 12 295* Dec. Dec. 30 50 725 Pitts Bessemer 5c L E RR 65,700 Pittsburgh Forgings Co. " "l",600 * —1 169,500 Pioneer Gold Mines Ltd..— 1 55,750 Pitney Bowes Postage Meter* Pittsburgh Plate Glass 20 14 15* Dec. Dec. Dec. 70 72** 68** Sale 26 25 1,100 Phila El Pow 8% pref 49,100 Phillips Packing Co. 172,600 Phoenix Securities common. 1 $3 conv preferred A 10 16,850 17,500 8,100 113,100 II,300 17,200 53,500 Oct. Dec. 14 20 51,800 PharU Tire 8c Rubber Co—.1 * 13,400 Philadelphia Co com 50 8,300 2,700 1,100 10,500 2,000 1,300 3,600 25* June 13 July July 14** Dec. 19 16 8** Dec. 29 £92** Dec. 97** Dec. 1,390 Pa Pow 5c Lt $6 pref.... $7 preferred 14,825 5,075 Pennsylvania Salt Mfg... 25 Pennsylvania Sugar Co 15,600 Pa Water 5c Power 16,950 Pepperell Mfg Co 1,250 Perfect Circle com 6 185* Dec. 75* Dec. 30 75* Dec. 31 28 1** Dec. 75* Dec. 295* Dec. 50 8** Dec. Dec. 1** 2** 25* IX Sale 85* Sale 4 Sale Dec. 27 5 Dec. Dec. 28 Dec. 21 7** Dec. 30 2 J* Gaa 5c Klec class A 75* Dec. 16** Dec. 5** Dec. 75* Dec. 31 17 2.50 com 66** 6** 20** 325 Phila Elec $5 div preferred. """125 , 87 5** Sale 5X Sale . com vtc._ "32 5* "D"e"c."29 305* Dec. 28 * 1 $5 preferred 200 6,100 Pa June 4 4 X Mar.! 3 11 32 Sale 75* 20** 275 Pa Edison Co $2.80 pref 50 90 Corp Pa Cent Airlines 3** 5** Dec. 6 35* Dec. 27 45* Dec. 17 Sale 3X 26 X Sale shares... Penn Traffic Co.... Pennroad Sale 31 Sale 103 X 2.900 Paramount Motors Corp— 10 2,500 Parker Pen Co 40,600 Parkersburg Rig & Reel Co. 1 I,380 Patchogue Plymouth Mills. * 3,000 Pender (D) Grocery cl A Class B ♦ 17,600 4,600 Peninsula Telep Co com 100 7% preferred -.100 5,400 Penn Mex Fuel common...50c 25 500 American 600 5** 7 11 5 — 142,400 Pan Amer Airways com 1,565,100 Pantepec OH of Venexuela 6 28 X 25 X 6% 1st pref. .25 1st preferred 150 Page-Hersey Tubes com """566 9** Pacific Ltg Corp S6 pref... 700 Pacific P & L 7% prof 100 20,100 Pacific Public Service com..* 3,900 8,100 185,900 3 6 45* 5** 35* J Pacific Can Co common 3,100 81,900 45* Sale 3 3X * 3,500 Formerly Nat Bak Co 8,650 Overseas Securities Co 1 15* Jan. 21 55* Aug. 6 165* Aug. 3 97 July 8 24 July 20 23* Aug. 26 40 Aug. 31 23 Dec. 1 83 Mar. Apr. Mar. Mar. Mar. Aug. 95 Mar. 25 103 Jan. 7 65* Jan. 21 73* Jan. 7 83* Nov. 10 98 Jan. 7 Public Service of Colorado— 310 50 10 90 2,390 980 13,595 II,660 40 100 6% 1st preferred 7% 1st preferred 280 Public Serv of Ind pr 100 pref..* $6 preferred * 24** Sale 125* Sale Sale 483* Sale 30 43** Sale 1025* Dec. 16 1025* Dec. 16 1085* Dec. 15 1085* Dec. 15 42** Dec. 12 483* Dec. 31 1035* Jan. Jan. 22 July 22 29 1085* Dec. 15 28 483* Dec. 31 18 30 Dec.' 31 30 Dec. 31 113* Jan. 89** Dec. 9 92 995* Dec. 16 100 Dec. 28 92 755* Apr. 26 87 May 20 100 23 Dec. 10 Public Service of Oklahoma— 6% prior lien pref....—100 230 7% prior lien pref.. 100 JPubllc Utll Securities— 80 50 3,425 1,650 800 $7 part preferred.. * 1,050 19,665 Puget Sound P 5c L S6 pf $5 preferred 15,835 4,900 Puget Sound Pulp 5c Timb..* —... 625 Pyle-National Co "2,300 155* 12 38** .... com II,600 Pyrene Mfg 2,935 Quaker Oats com 6% preferred. 2,020 4,385 Quebec Power Co 300 60 400 Sale Sale Sale 7 "6 65* 957 Dec. Dec. Dec. Dec. 16 ** Dec. 24 24 28 28 28 385* Dec. 12 7 Dec. 1 8 5** Dec. 20 Dec. 17 10 ..5 ..10 * 100 ♦ 65* 95 75* Sale 138** Sale 155* 17** 45* £115 150 165* 55* Sale Sale 175* Sale 5 45* Dec. 5* 105* 23 5* 45* July Mar. Mar. May 7 May 45* Sept. 113 163* Sale Dec. 3 117** Dec. 29 Dec. 19 Dec. 28 152 Dec. 28 163* Dec. 29 30 30 29 23 2 17 Dec. 28 Dec. 16 5* Feb. 19 235* Feb. 18 475* July 19 75* Jan. 12 113* Nov. 10 7 Jan. 21 90 147 118 115 136 16 95* Dec. 27 ** Dec. 19 4,000 Railway 5c Light Securities.* 1,957 Rys & Utll Invest cl A com..1 1,325 ** 12** 31** 55* Dec. Mar. 31 1173* Dec. 29 Oct. 7 May 9 152 135* Mar. 21 175* Sapc. 2 Dec. 8 Dec. 14 5* Feb. 205* Dec. 15 105* Feb. 3 Feb. 7 5* Mar. 15 Oct. 15 X Feb. 15 11 9 14 Raymond Concrete Pile- 2,450 ._.* 12 14** 18** • 25 33 37 50c 17,300 Raytheon Mfg com 77,800 Red Bank Oil Co * 24,500 Reed Roller Bit Co— 4,300 Reeves (Daniel) com 50c 50,000 Relter Foster Oil Corp 5 9,300 Reliance El 5c Eng Co 1 40,600 Reyharn Co.. Inc.. 1 107,900 Reynolds Invest com • 7,500 Rice Stlx Dry Goods Co 1 80,000 Richmond Radiator com Rio Grande Valley Gas Co— Voting trust ctfs 1 22,200 2 25,920 650 ""2",800 2,900 2,200 800 6,200 1,200 7,100 12,700 100 13,000 10,000 For footnotes see Common. $3 page conv 53. pref 25* Sale 4 23 24 35* 10*' 2 4 5* 115* 2 5* 43 2** Sale 5 Sale Sale 6** % Sale 12 133* 2** Sale 32** 6 5* 6** 5* IX 15* 25* 5* Sale 20** 39** 20 ** 2 4** 32 4** 5* 11** Sale 44 2** 5** 33** 55* Sale 12** '""** Sale" 5H# Sale 5* 45* 3 ** 4** Sale 5*6 5*6 19 Dec. 10 15* 43* 30J* 45* ** 105* 2** ** 45* 25* Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 23 28 21 28 13 28 1 12 21 6 2354 Oct. 17 40 13* Mar. 29 35* Jan. 28 5 Oct. July May Oct. Dec. Jan. Nov. Oct. Jan. Juiy 29 2** Dec. 6 Dec! 29 Dec. 32** 2 Mar. 31 19 8 6 2** Dec. 7 5*6 Dec. 30 45* Dec. 21 May Dec. May Mar. June 4 Mar. 31 6 Dec. 20 1 Mar. 30 4 5* Dec. 31 13 4 Dec. 16 5*6 Dec. 10 13 13 25 26 22 363* 25* 3* 85* 25* X 3* Dec. 22 56 145* 45* 13* 5 14 26 16 5 2 17 16 28 7 29 Dec. 20 X Aug. 8 48 NEW AQQREQATE December 12 Months 1938 Shares Shares 100 200 18,800 3,700 8,800 400 5,200 3,100 1,550 32,400 575 10,500 3,900 300 2,400 6,800 20 40 Par STOCKS (Continued) Bid Ask Bid Dec. 31 Ask Bid Lowest 105* 55* 135* 16 6 155* 15 Highest Dec. Sale Prices 19 100 Dec. 19 145* Dec. 155* 3 145* Dec. 29 Rolls-Royce Ltd— Am dep rets ord reg--—£1 Cable Corp common—5 10,550 Roosevelt Field Inc—......5 58,600 Root Petroleum Co com 1 11,100 $1.20 conv preferred 20 16,500 Rossla Internet Corp ——* 5* pref conv 34 7,700 Safety Car Heatlnit 8c Ltg 700 St Lawrence Corp Ltd 38 82 * 350 A $2 conv pref 50 397,000 St Regis Paper Co 5 3,775 7% preferred. 100 20,500 Salt Dome Oil Co.. 1 27,400 Samson United Corp com—1 Sale 25* 5* 63 41 72 55* 1938 43 65 1 Sale 1 1 8 8 Dec. 2 Dec. 17 76 Dec. 16 55* Dec. 19 125* Dec. 31 28 Dec. 30 66 Dec. 15 / 35* Sale Sale 35* Sale 165* 15* Sale * 25* 15* 125* 2U 15* 13 25 2351 25 27 2 15* 125* 1 115* 255* Sale 25* Dec. 28 8 525* Dec. Sale 2 15* 165* Dec. Dec. 1 24 Sale 23 175* Dec. 175* Dec. 19 15* Dec. 9 Dec. 27 114 17 35* Dec. 1 575* Dec. 15 175* Dec. 2 15* Dec. 21 115* Dec. 28 12 Scranton Elec $6 pref......* 35 14 2 Dec. 1 9 12 5* Dec. 27 Dec. 18 41 Dec. 30 4 Jan. 11 22 15* Jan. 13 92 6 Jan. 11 July 185* July Mar. 30 25 20 Oct. Oct. 27 24 7f« Mar. 26 8 Nov. 23 30 155* Nov. 28 15* Dec. 21 1 Sept. 17 185* Nov. 9 35* Aug. 1 2 5* Jan. 27 Mar. 29 15 Jan. 12 155* June 10 295* Nov. 16 Dec. July 6 114 7 Dec. 20 Dec. 7 110 15 Dec. 135* Dec. 15* Dec. 15* Dec. 33 Dec. 10 16 14 79 Sept. 21 Apr. 16 7 114 7 95* Jan. 22 5*6 Feb. 28 465* July 19 Mar. 29 42 28 1 8 85* July 21 125* Dec. 31 48 2 ,1 4 5* Dec. 28 4 5 25 Mar. Mar. 25* Mar. 5* Mar. 125 Schlff Co Scranton Lace Co common..* Mar. 30 Mar. 31 Dec. 13 5 35 Nov. 25 145* Oct. 25* July Sept. 24 305* Apr. 2 45* Mar. 30 Dec. 31 5* Dec. 21 il'A it* 3 35*' 3 5* 6 Dec. 59 41 m 9 5* Dec. 44 25 6 Mar. 29 Jan. 7 4 9 Dec. Sale 1 6 13 14 Apr. 115* Apr. Dec. Dec. 5 Sale Prices Dec. 19 6 100 17 1 Aug. 5 90 15* Dec. 45* Dec. 7 85* Dec. 15 395* Dec. 20 7 25* Dec. Highest Sale Prices 225* June 13 15 Dec. 28 69 651 Sale 35* 5* 1 Sale Savoy OH Co Scovill Mfg Co 12 Sale 15* Dec. 15* Dec. 45* Dec. Dec. 395* Dec. - 69 55* Sale Sale 40 165* 15* 5* 125* com 51 Sale 5 95* 3H 15* Sale * 6 75 3 Ryerson fit Haynes Inc com.l Sale 5* H 425* 55* 7 75* Sale ♦ * Ryan Consol Petroleum 9 105* Dec. 22 135* 15* 25* 25* 55* 7 5*6 Sale 125* 15* 2 5 40 Russebs Fifth Ave Inc...2.50 Rustless Iron 8c Steel Corp—1 Sale 15* 15* Sale "At * Royal Typewriter com...—* 13 15* 3 8 550 Royallte Oil Co Ltd $2.50 YEAR Lowest Sale Prices Ask 100 38,500 Rome 8,300 11,900 53,200 330 700 Dec. 1 1938 19,850 20,700 109,700 4,150 32,900 51,500 RANGE FOR Price Jan. 3 1,750 Rochester G & E 6% pf D.100 3,700 Roeser & Pendleton Inc * 175 2,500 1,000 14,600 EXCHANGE PRICES IN DECEMBER YORK CURB EXCHANGE 400 3,800 1,800 CURB SALES NEW In YOBK June 20 25 Feb. Dec. 265* 145* 25* 2 5* Aug. 29 Nov. Nov. 35 Mar. 24 26 Scranton-Spring Brook 250 8,600 9,600 5,000 400 14,700 10,800 300 24,300 1,900 1,150 1,000 100 1,100 200 1,300 55,600 12,000 1,500 9,250 90 1,725 Water Serv $6 pref * 41,500 Scullin Steel Co common—* 74.900 Warrants 18,400 Securities Corp Gen'l com..* 1,600 Seeman Bros 4,350 Selby Shoe Co 117,500 17,600 12,350 5,700 100 1,900 590 36 1 * 15* Sale AX 45 2 5* Sale Sale 1 1 75* 115* Sale 15* 32 Sale 45* 125* 15* 15* 295* 5* 65* 15* 15* 95* 2 Sale Sale 151 33 Sale Sale 105* Dec. 5 15* Dec. 15* Dec. 27 32 $5.50 prior stock 1 95* 8 51 59 70 52 ...25 Allotment certificates 58 68 Sale 64 705* • 25* 55* 55* 5*6 35* 7 Sale 8 Sale 205* 1035* Sale 114 3* 45* 15* Sale 65* Sale 195* 205* 7,400 Shawinlgan Water & Power.* 78,785 Sherwin-Williams Co com—25 83 Sale 2,690 5% cum pref A A A.....100 100 Sherwin-Williams of Can * Sale Sale Sale 64 655* 21 ! 3 114 Sale Sale 21 Sale 55* 55* 12 125* 10 6 27 5* 65* 135* 15* 95* 15 8 Dec. 1 28 70 28 70 Dec. 17 7 % Dec. 17 9 5*6 Dec. Dec. 12 65* Dec. 12 55* Dec. 29 9 1 2 Dec. 29 Dec. 15 Dec. 31 Dec. 12 Dec. 31 Dec. 1 Dec. 125* 5*6 Dec. 22 115* Dec. 20 2 15* Dec. 22 25* Dec. 20 17 5* Mar. 18 5 Oct. Jan. 11 15* June 29 Mar. 30 12 485* Mar. 31 495* Mar. 31 Nov. 10 755* Aug. 8 755* Aug. 10 15* Feb. % Dec. 17 % May 23 4^ 25* Dec. 10 10 June 23 July 4 8 Mar. 24 75* Oct. 6 5* Nov. 15* Jan. 3 55* Mar. 30 115* Oct. 17 Sept. 26 x225* July 66 Apr. I 1175* Oct. Jan. 27 1145* Aug. 107 12 14 Oct. Sept. 13 2 5* Dec. 2 35* Dec. 31 5*6 Sept. >5* Jan. 3 9 17 15* Jan. 10 65* Dec. 29 Mar. 25 June 6 11 5*8 Dec. 22 115* Dec. 20 25* Sale Mar. 22 295* June 21 5* May 26 2 5* Dec. 30 22 35* Mar. 30 5* Mar. 29 14 Dec. 31 Dec. 1 28 Dec. 5 85* 195* Dec. 22 205* 1015* Dec. 6 114 2 114 1135* Dec. 13 Dec. 8 13 25 ♦ 28 22 19 25* Dec. 10 55* Dec. 30 5 45* Dec. 7 55* 85* 205* 6 % Dec. 5*6 Dec. 5*» Sale Sale 5* 4 1 5 Shreveport Eldorado Pipe Line stamped Siiex Co (The) common 10 Dec. % Dec. Dec. Dec. Dec. Dec. 585* Dec. 595* Dec. 45* 12 5* 5* 85* * com Convertible stock 11,100 Seton Leather com 386,625 Seversky Aircraft Corp 159,500 Shattuck Denn Mining 5,200 10,920 105* 15* 15* 295* 5* 45* Sale 5 com Selected Industries Simmons-Boardman 3,700 1 * __ 75* 65* JX Selfridge Prov Stores, Ltd— 2,400 American dep rets £1 14,300 Sentry Safety Control 1 900 Serrick Corp class B com 1 25 1,400 common 194,800 Segal Lock 8c Hardware 63,400 Selberling Rubber com Dec. 22 16 . 19 22 17 25 6 24 13 5*. May 23 145* Oct. 13 Pub 100 Corp conv pref • 48,500 Simmons H'ware & Paint Co * 30,700 Simplicity Pattern Co...—1 3,330 Singer Mfg Co100 16 15* 15* 25* 5 6 3 224 Sale Sale 35* 15* 35* Sale 212 Z200 Dec. 12 218 Dec. 30 35* Dec. 875* Dec. 1 * Nov. 165* Mar. 23 25* Aug. 8 55* Jan. 14 12 254 7 July 1 15* Mar. 25 Dec. 20 2 5* x200 Dec. Singer Mfg Ltd— 200 4,300 25 Am dep rets ord reg shs.. £1 51,100 Solar Mfg Co 90,800 Sonotone Corp 23,200 Soss Mfg Co. 3,200 30,900 2,100 20,500 1,000 35* 55* Sale 35* Dec. 1 875* Dec. 10 100 Sioux City G & E 7% pref.100 100 Skinner Organ Co * 425 Smith (Howard) Paper Mills.* 4,800 6,400 1,300 5,300 400 5 Sou Calif Edison praf B 15* Sale 55* 25* 265* 25 25 25 65* 3 265* 245* 24 '"15* ""35* 45* Sale 15* Sale 55* 55* 25* .Sale 35* 15* 55* 25* Sale 25* 275* 285* 265* 265* 405* Sale 15*. 25* 285* 275* 295* 275* 290 7% preferred.. 100 440 South New Engl Telep Co.100 300 800 25 450 9,800 250 51,300 39,500 1,200 1,500 10,700 Am 2,100 Am ""900 10,100 Spencer Shoe Corp 5,900 Preferred Southland 148 140 3,600 Southern Pipe Line ..10 14,700 Southern Union Gas com—* 45* 15* 148 45* 25* 155 35* 15* 35* 15* 155 Royalty Co 5 South Penn Oil 25 So West Pa Pine Lines 65* Sale 375* 38 215* 25 50 55* 305* 165* 315* 325* 21 17 5* % 6 65* 2 Dec. 16 4 5* Dec. 15* Dec. 55* Dec. 25* Dec. 7 275* Dec. 265t Dec. 21 29 405* Dec. 15* Dec. 145 Sale Sale 195* 2 15 3 Dec. Dec. 21 8 Dec. 2 Dec. Dec. 9 165* Dec. 22 7 1 3 1 Dec. 30 27 Dec. 29 42 Dec. 13 5 15* Dec. 23 145 3 5* 15* 125* 55* 295* 45* 2 25 A 28 45* Dec. 28 2 '"II* "2" 142 45* 25* 3 5* Dec. 1 5* Dec. 4 15* Dec.. Dec. 23 35* Dec. 15* Dec. 125* Dec. 3 6 8 6 5* Dec. 28 32 5* Dec. 31 165* Dec. 22 Not. Malt. Oct. 1 13 3 2 5 5* % pref class C 2,110 5% original pref 6,300 Southern Colo Pow cl A..25 ""16 55* Jan. 91 1 1 1 1 1 20,500 South Coast Corp com 10 3% Dec. 85 OctL 12 20 16 Aug. 12 45* Oct. 6 15* Jan. 4 7 Aug. 20 35* Jan. 28 1 >* Mar. 15* Mar. 3 5* Mar. 2 Nov. 18 Dec. 30 135 Mar. 29 Dec. Mar. 27 Dec. 30 29 Apr. 12 Dec. 13 Mar. 3 Oct. 17 June 255* 23 5* 345* 15*, 45. May 12 1515* Sept. 21 55* Jan. 20 3 Apr. 11 June 35* Oct. 15* Dec. 10 17 July 55* Mar. 285* Apr. 16 5* Dec. Oct. 75* Jan. 39 Mar. 225* Jan. 6 8 1 31 Spanish & General Corp Ltd 1,300 1,900 1,100 2,050 dep rets ord reg shs..£l dep rets ord 1£ ... 2,446 Stahl-Meyer Inc com.... 6,100 Standard Brewing Co 16,600 11,400 a * bear t y\ 5* 45* 15* 5* * * 5* u 35* 25* 1 5* 15 16 16 17 Standard Cap & Seal com—1 Conv preferred 10 20 225* 4 15* 5* 165* Sale 5* 5* 25* 15* 5* 155* 215* 5* Dec. % 8 5* Dec. 5* Feb. 8 5* 5* June 23 24 2 5* Nov. 30 ■ 35* 25* Sale 17 215* 2?* Dec. 13 15* Dec. 16 5* Dec. 20 155* Dec. 16 205* Dec. 20 Dec. 25* Dec. 5* Dec. 16J* Dec. 235* Dec. 12 3 5* 2?* Dec. 13 1 Nov. 17 5* July 27 12 5* Mar. 30 18 Jan. 22 5 25* 5* 185* 235* Jan. Aug. Dec. Jan. Aug. Aug. 20 3 17 5 9 3 Standard Dredging Corp— 9,700 100 2,600 13,700 7,200 9,400 600 22,900 3,900 1,250 4,500 7,600 9,300 1,500 Common. 1,650 $1.60 conv 1 preferred 15* 20 12 13,150 Stand Invest $55* P*ef w w._* 102,700 Standard Oil (Kentucky)..10 15,600 52,110 3,625 207,400 15,100 5,310 74,650 83,100 115,300 21,000 Standard Oil (Nebraska) ,8* 17 Standard Oil (Ohio) com..25 5% pref 100 Standard Power & Lt com__l Class B * common $7 preferred * Standard Products Co 1 Standard Silver Lead 1 Standard Sale 85* 95* 195* 21 995* 1015* 15* Sale 15* Sale 25 55* Sale 5* Sale 75* Sale 2 25* Steel Spring Co..5 Standard Tube class B--...1 25* 15* 115* 13 5* 115* Sale 2 13 2 6 205* 1025* 5* 5* 315* 95* 5*6 22 5* 25* Sale Sale 175* Sale Sale 175* 12 65* 195* 6 17 5* 55* Sale Sale 185* 101 104 103 1015* 1 15* Sale 5* 15* 5* 15* 5* 26 Sale Sale "95* Sale 75* 5* 5* 5*6 5*6 Sale 22 21 Sale 25* 25* 25* 25* , Dec. 29 Dec. 29 11 12 Dec. 31 5 22 Dec. 12 19 95* Dec. 175* Dec. 1 15 1 Dec. 75* Dec. 27 205* Dec. 17 103 8 Dec, 15* Dec. 22 14 100 50 2,400 Acid Works 20 16 155,400 Starrett 25* (The) Corp v t c..l 150 Steel Co of Canada ord. * 1,250 Stein (A) fit Co com 26,200 Sterchl Bros Stores Inc 425 6% 1st preferred 3 ""35* "35* 35* Sale 115* 35* * 13 4! 12 45* 14 115* Sale r3 5* 125* Sale 90 Dec. Dec. 1,100 1,200 1,950, 2,200' 200 17,600 400 2,800 15,225 10,050 11,850 22,400 Stetson (John B) Co com 6 45*. 25*\ 75* Sale 15* 15* * 5 * 11 Sullivan Machinery Co ♦ 75* Sale 115* 165* 50 Superior Portl Cement A 825 Class B common 3 305* Sale 34 35* Sale 35* Sale 65* 2 5* 35* Sale Sale 4 Dec. 23 32 Dec. Dec. 22 2 Dec. Dec. 20 95* 5* 23 5* 2 5* Dec. Dec. Dec. 24 Dec. 2 Dec. 16 Dec. 17 35* Dec. 2 Dec. 6 17 25* Dec. 21 12 Dec. 14 3 Dec. 23 55* Dec. 12 25* Dec. 27 35* Dec. 1 5 1 9 95* 105* 2% 345* 455* 15* 95* 11 12 Sale 355* Sale 1 15* 95* 9 10 Sale 9 10 r25* Sale 12 Dec. 14 45* Dec. 1 Dec. 1 Dec. 5 9 Dec. 28 28 75* Dec. 29 95* Dec. 28 2 5,300 3,000 1,300 3,200 96,100 Taggart Corp com 1 24,400 Tampa Electric Co • 1 14,600 Tastyeast Inc class A.. 31,900 Taylor Distilling Co 1 435,600 Technicolor Inc common.:.' 55* 85* 45* Sale 27 29 55* 45* 335* 54 1 165* Sale For footnotes see page 53. \ 5 205* 7 175* 35* % 65* 55* 345* 5* Dec. 30 Dec. 8 6 5* Dec. 14 1 Dec. 5 95* Dec. 28 2 16 4 8 105* Apr. 16 Sale Sale 55* Nov. 1 35 Oct. 105* 85* 4 5* 45* Sept. 21 31 Oct. 24 Jan. 25 Nov. 10 5 Dec. 1 Nov. 22 2 Feb. 17 75* Mar. 30 13 July 23 Nov. 28 95* Aug. 0 Jan 13 Mar. Dec. 1 135* Feb. 35* Jan. 18 39 Aug. 26 1 455* Dec. 13 Dec. 15 r% Sale Sale Mar. 24 2 8 55* Apr. July 11 155* Oct. 22 2 125* Dec. 45* Dec. 22 5* -2 5* Apr. 2 45* Mar. 31 6 June 27 17 5* Oct. 69 7 1 38 55* Dec. 29 7 12 5 17 June 6 25 8 12 5* Dec. 5* Dec. 195* Dec. Dec. Jan. 3 Oct. July 8 2 Dec. 45* Dec. 14 335* Dec. 7 Mar. Apr. Jan. 31 455* Dec. ,5*6 Nov. Dec. 9 405* Dec. 21 Sale 37 Oct. 115* 5*6 245* 45* 105* Dec. 2 5* Dec. 36 5* 15 9 40 2 6 435* 45* 365* 6 14 3 Mar. Feb. 35* Apr. 1 25* Dec. 27 Dec. 39 65* 1 Oct. June 4 36 5 July 15* Jan. 15* Jan. 65* Dec. 31 35* Dec. 29 42 * 1,900 Swan-Finch Oil Corp .....15 13 65* 3 104 June Sept. * 400 27,400 45* 25* Stinnes (Hugo) Corp Stroock (S) & Co Inc 1,600 Sunray Drug Co common...1 196,450 .Sunray OH 1 7,300 5)4% conv preferred 50 7,600 Superior Oil Co of Calif...25 """l"25, Sale Feb. 21 Nov. 12 Nov. 10 85* Aug. 31 225* June 30 June 800 3,705 4,800 6,700 25* 14 5* 145* 185* ' 50 5% 2d preferred ...20 51,905 Sterling Aluminum Prod 1 21,400 Sterling Brewers Inc 1 82,590 Sterling Inc .....1 7 165* Mar. Dec. 55* 62 • 2 Dec. Dec. 27 Dec. Standard Wholesale Phos & 18,000 Apr. Apr. Mar. 29 Mar. 31 5 Dec. 19 36 5* Dec. 29 5*6 Dec. 1 5 Dec. 1 22 5* Dec. 30 295* Apr. 39 Oct. 43 5* Nov. 8 Apr. 45* Dec. 25* Mar. 29 8 5* Mar. 31 5* Mar. 30 145* Mar. 30 26 5* Feb. 44 Nov 9 1 155* Oct. 31 8 Sept. 8 65* 365* 5* 15* July 19 Dec. 29 Jan. 10 Jan. 11 265* July 29 NEW JAN., 1989] AGGREGATE SALES December Shares 75 2,975 300 , 25 4,400 Jan. 3 1 i'00 1-175 93,0oo Tenn El Pow 7% 1st »fef__100 Texas P & L 7% pref Texon OH Ac Land Co. .2 Thew Shovel Co common...5 Tilo Roofing Inc ..1 Tiahman Realty & Constr. Tobaccofk Allied Stocks... 2,020 80 40 5,4oO 6,5oo 13.370 «50 1,800 9,600 18,900 6,100 • 1,200 100 400 1,100 100 2,500 25 9 7154 4X Sale 1454 Sale 1354 Sale 2X 4 5854 63 454 Sale 11 8 Sale 254 shs..£l 5s 16 34 2 Todd Shipyards Corp Toledo Edison 6% pref..100 44*4 100 ^60 9,Oio Tonopah Belmont Devel_.10c 26,800 Tonopah Mining of Not 1 66,2oo 119,200 46,900 1.400 Trans-Lux Plct Screen com.l 10 Transwestern Oil Co Tr!*Contlnental Corp Warr.. * Trunz Pork Stores Inc Tublze Chatillon Corp— 12,200 3.000 3,100 2,100 68 Sale 4 234 1354 154 17 A 234 Sale 71 16 2 Sale Lowest Ask Common 121,800 Class A 21,200 37,900 Tung Sol Lamp Wks 80-cent dlT pref 15,600 12.000 5,100 11.500 19,200 2,500 49.500 175 1 1 —- com— 34 254 654 56 Sale 54 54 254 Sale 454 Sale % X 7X 10 x Sale Sale % Sale 754 7 A 25 2% 634 954 954 Sale 1 Union Premier Food Stores. 1 50 Union Traction Co 6254 Dec. 13 94 9054 354 rl454 90 354 Dec. Dec. Til Sale 9 14 Sale 1354 Dec. 21 3 Dec. 27 63 Dec. 19 454 454 1454 154 454 Dec. 12 Dec. 12 14 16 „ 80 2 67 254 60 154 Sale 54 54 154 2 """54 Sale" 754 154 Dec. 12 8 70 Dec. Dec. Sale 36 Sale 24 70 30 44 Mar. 29 83 Oct. 15 Dec. 1 Dec. 21 1 36 Dec. 3 54 Dec. 1 254 Dec. 454 Dec. 15 34 Dec. 31 3 754 254 654 654 554 Sale 1354 454 1 354 5 Sale 7 554 354 154 1254 654 554 154 1354 d* 13 Sale 254 254 854 3154 254 654 Dec. 22 Dec. 9 Dec? 21 Dec. 27 454 Dec. 21 Dec. 21 4 Dec. Dec. Dec. Dec. Dec. 12 Oct. 6 17 17 554 Oct. 13 Dec. 12 154 Dec. 12 82 Dec. Dec. 1 Jan. 21 3 54 Jan. 734 Jan. 20 11 44 Mar. 29 34 Dec. 22 154 Oct. 454 June 7 Jane 1 7* 5 27 July 554 Mar. 26 18 June 8 Mar. 31 2 754 Dec. 2 434 Apr. 20 534 Dec. 10 4 8 16 15 28 22 154 1354 454 13 54 254 334 4354 154 54 354 1654 Jan. 13 2 Sept. 2 x8554 Apr. 13 104 9854 Mar. 11 111 56 Jan. 20 2 Dec. 23 154 1254 454 1254 254 5 63 254 Mar. 31 Dec. 31 Dec. 27 Dec. 14 Dec. 31 36 3 8 29 Oct. Feb. Mar. 18 50 1454 Dec. 13 154 Dec. 12 Dec. 14 82 2 10354 Dec. 24 15 2 19 454 Dec. 28 Jan. 554 Oct. 21 July 754 Mar. 31 31 Dec. 7654 Oct. 6 102 3 54 Mar. 29 6 54 Mar. 29 254 Dec. 23 63 16 Ill 1 56 Dec. 54 Dec. 22 154 Dec. 22 454 Dec. 22 54 Dec. 28 Dec. 2 9354 Dec. 1 454 Dec. 1554 Dec. 16 9, 1154 554 354 154 1254 354 1254 254 3 34 8 10 354 Dec. 27 Sale 15 254 754 134 10 954 Sale 33 Sale Union Gas of Canada Union Investment Co com..* Highest Sale Prices 109 * Inc—...10 Lowest Sale Prices 10154 Dec. * Ulen & Co series A pref Series B pref Unexcelled Mfg Co 1 * Highest Sale Prices 71 70 7% preferred A... „ 1,000 Ask Bid "56" "57"" Tobacco Prod Exports Am dep rets oird reg Am dep rets def reg YEAR 1938 Sale Prices Dec. 31 Ask Bid Bid I0U Tobacco Secur Trust Co Ltd 500 400 Dec. 1 1938 35,500 38,150 44,9oo RANGE FOR Price STOCKS {Concluded.) 130 6,700 1,500 2,400 CURB 1938 Shares IN DECEMBER PRICES YORK EXCHANGE NEW 12 Months In 49 EXCHANGE CUEB YORK 134 Mar. 26 Dec. 21 Mar. 16 2 Dec. 1 Dec. 8 Dec. 15 Dec. 16 Dec. 22 54 Mar. 30 11 Sept. 28 354 Mar. 30 10 3 Jan. 254 Dec. 22 Oct. 14 18 21 Aug. 19 154 June 24 854 Oct. 24 1234 4234 354 854 Aug. 6 Oct. 27 Oct. 18 Nov. 4 734 Oct. 27 Oct. 27 6 134 Mar. 15 Jan. 2 14 654 Jan. 11 1434 July 20 354 Nov. 14 United Chemicals Inc— 600 100 44,000 16,500 140,300 4,400 5,600 500 200 34,495 93,500 590 364,200 21,800 321,225 1.825 100 725 12,300 50 64,400 3,200 25,625 ......—......* Common cum partlc pref. * Cigar-Whelan Stores. 10c 88,600 United Corp warrants 1 903,400 United Gas common 561,600 S3 Un 57 1st non-vot pref.......* Warrants 4 Sale 47 3 38 96 154 Sale 56 54 354 Sale 8254 Sale 54 1 75 Sale 254 254 2 54 Sale 2654 Sale 98 154 Sale United G Ac E 7% pref... United Lt Ac Power com A 100 • Common class B * $6 1st pref * United Milk Products com..* S3 preferred * "3H Sale" 334 2134 17 A 68 454 45 39 34 Sale % Sale 4 A Sale 434 Sale 20 354 4 54 4354 Sale 154 Sale 54 354 84 ,54 Sale 54 Sale 7554 80 254 Sale 254 254 31 Sale 21 23 70 31 5 54 254 7454 54 Dec. 13 8 Dec. 5 Dec. 7 Dec. 75 Dec. 2 Mar. 30 .1 Dec. 30 Dec. 30 Dec. 84 12 Dec. 15 34 54 234 69 Mar. Mar. Mar. Dec. Mar. Dec. 7 2454 Dec. 9 31 1 154 Dec. 22 2 20 Dec. 27 73 68 Dec. Dec. 31 Dec. 30 Dec. 13 76 234 Dec. 30 1 254 Dec. 2154 2054 6854 71 „ Sale 3 43 54 Dec. 1 Dec. 70 Dec. 2 Dec. 31 2154 Dec. 21 Dec. 2 70 JU Dec. i<>e* 15 Jan. 12 Jan. 13 Oct. 334 Oct. 454 Jan. 29 A* Apr. 154 134 1354 1754 6 Jan. 78 62 31 Oct. 56 Mar. Mar. Apr. Mar. Jan. Apr. 65 Aug. 11 Nov. 12 17 12 34 54 Oct. 27 24 Aug. 3 70 May 31 United Molasses Co Ltd— 2,700 20 0 1,400 100 2,400 5.600 5,960 1,020 4,000 26,800 4,900 1,500 3,900 1,400 1,600 150 2,000 3,900 3,900 270 6,300 10,300 13,600 "3,866 430 500 500 4.900 975 5,300 1,175 8,700 8,700 22,700 1,600 6,450 7,400 675 1,100 4,200 25,100 150 300 9,200 7,900 ""666 900 400 600 1,100 1,600 8,400 7,900 6,300 190 Am dep rets for ord reg_. United N J RR & Canal.. 100 8,900 Unit Profit Sharing com..25c 500 10% preferred ...10 209,900 United Shipyards class A...1 Class B 1 161,800 25 50,085 United Shoo Mach com Preferred 25 5,540 22,100 United Specialties common 145,200 U S Foil class B 25,600 U S Ac Internat Sec com.—* 1st preferred with warr 14,350 * 24,700 U S Linos Inc pref * 10 7,750 U S Playing Card com 1.600 U S Plywood Co common 150 $1.50 conv pref ...20 1 49,200 U S Radiator com..... 23,900 U S Rubber Reclaiming... 11,700 U S Stores Corp com * $7 Conv 1st pref 2,390 654 554 634 854 1054 154 8154 11 700 21,700 8,750 20,800 31,700 119,900 8.400 20,350 Sale 1 134 Sale 71 ValsparCorp common $4 conv pref Sale Sale Sale 1054 1054 8554 Saie^ Sale 454 454 654 Sale 54 54 554 354 154 2954 ""154 Sale "454 "'454 3 254 2% 254 81 Dec. 1 4154 Dec. 354 Dec. 2 8 Dec. 9 5 Sale 64 154 154 Sale Sale 27 16 1 454 2354 Sale r454 Sale 254 3 56 Dec. 2 Dec. 3 154 Dec. 28 27 Dec. 30 1354 2354 454 234 54 Dec. 29 Dec. 29 5 Dec. 6 Dec. 134 IX 2X Sale 5 8X IX Sale 13 13 9 354 454 W 56 ,54 54 Sale 254 Sale 14 1754 454 454 1054 13 7 854 „ 1 Sale 2 54 Sale 10 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 9 Dec. 15 21 39 21 1 1 15 2334 Dec. 31 Dec. 16 1 Dec. Utility Equities • 2 $5.50 priority stock...__..* 42 com Utility 8c Ind Corp com 1 52 5 Conv preferred itJtll Pow Ac Light ( 254 i Sale Class B 54 • Sale 5l 1 common Van Norman Mach Tool 1 5 com 754 Sale 254 Sale 26 Sale 5 33,600 Waco Aircraft Co 26,700 Wagner Baking com vtc.. 50 7% preferred 100 1,000 Wahl (The) Co common * 4,800 Waitt Ac Bond Inc class A..* Class B * 3,500 32,100 Walker Mining 1 34 2854 7 754 % Sale 1 Virginia Pub Serv 7% pref 100 Vogt Mfg Corp * 32 654 654 254 Sale 10 11 854 Sale 554 654 Sale 754 Mar. 30 Feb. 12,400 Wayne Knitting Mills 5 13,300 Weisbaum Bros-Brower Co..l 27.000 Wellington Oil Co common..1 154 654 7 54 54 154 Sale 054 Sale 454 554 354 354 254 Sale 4 454 14 854 154 7054 154 July Jan. Nov. Jan. 32 16 Oct. 28 Dec. 30 2334 634 354 34 654 Dec. 31 Aug. 5 Aug. 3 Jan. 11 Aug. 10 19 11 16 10 54 Dec. 28 Sept.15 36 Mar. 29 134 Aug. 17 Mar. 29 k 3 34 Oct. 10 19 Aug. 9 Jan. 31 8 June 11 Dec. 19 May 21 14 Dec. 19 7 10 14 Mar. 29 10 Dec. 14 Dec. 27 18 Dec. Dec. 1 May 31 1 Dec. 6 51 Dec. 15 1934 Nov. 10 134 Jan. 10 5954 Nov. 10 54 Dec. 13 Dec. 48 8 51 56 134 r54 X 1454 o 154 Sale Sale Sale J 30 27 27 26 754 Sale 54 Sale 854 954 154 Dec. 28 Dec. 24 36 Dec. 20 5 154 Dec. 1 54 Dec. 5 MS£ 3 154 Dec. 5 26 25 Dec. 27 Dec. 20 8 634 Dec. 34 Dec. 20 3854 Dec. 23 8 Dec. 23 254 Dec. 22 54 Dec. 14 36 Dec. 154 Dec. zy 54 Dec. 17 54 Dec. 8 1454 Dec. 31 Dec. 2754 Dec. 7 754 Dec. 23 % Dec. 1 45 Dec. 834 Dec. 1 754 Sale 5 Dec. 12 8 Dec. 29 8 Sale 554 Dec. 13 8 Dec. 31 1 154 554 654 56 ,54 154 Sale 854 954 554 Sale 354 434 254 254 454 Sale 34 Dec. 16 554 Dec. 15 9 54 Dec. 9.jf Dec. 7 % 634 54 134 1054 534 13 IX June 28 134 Apr. 29 3134 June 20 % Dec. 20 154 Mar. 30 54 Mar. 28 54 Sept. 8 7 Mar. 25 Dec. 15 Dec. 6 Dec. 9 Dec. 1 Dec. 7 Dec. 27 Dec. 28 254 3 54 5454 34 254 36 2 13 Oct. 24 July 21 Nov. 9 Jan. 3 Jan. 17 Jan. 3 Jan. 14 1754 Jan. 8 11 Mar. 31 254 34 3854 434 Mar. 29 Mar. 26 Dec. 23 June " 134 July 19 7754 Jan. 18 1054 July 25 134 Mar. 29 554 Mar. 29 34 554 54 % Jan. 28 754 Nov. 8 7 Dec. 29 1154 Jan. 10 Jan. 28 83 154 Mar. 8 754 Sept. 23 1 July 6 Dec. Dec. Dec. Dec. 2 Nov, 9 11 6 Mar. 454 234 134 IX Apr. Dec. Mar. 30 Sept. 14 8 A 434 Dec. 20 9 234 Dec. 254 Dec. 27 554 Oct. 354 July 25 36 July 25 2834 Nov. 10 154 Mar. 30 2054 June 16 254 Dec. 32 Dec. Mar. 26 83 1 14 554 Dec. 254 5454 54 2 52 254 26 Venezuela Mexico Oil—...10 Petroleum.. 254 11 134 Mar. 30 54 Dec. 21 3 Feb. 14 51 50 Sale 54 54 ......7 com 7% preferred...........100 Venezuelan 54 Mar. 30 Mar. 29 Feb. 2 Dec/^f 254 Dec. 3 1354 Dec. 29 2354 Dec. 29 234 Dec. 15 54 Dec. 14 534 Dec. 30 36 1034 Nov. 30 Mar. 30 1 Nov. 15 8634 Dec. 15 4634 Dec. 21 634 Jan. 13 254 June 22 12 10 Jan. Jan. 9 Jan. 42* 28 1 354 June 20 1 Dec. 30 5 230 July 56 Dec. 854 July 254 Jan. 34 May 5054 Mar. 54Dec. 5 6654 Dec. 15 154 Dec. 15 2954 Dec. 1 16 212 Dec. 30 Dec. 24 454 Dec. 28 11 Sale" 154 50 5 54 Dec. 28 1 54 Dec. 254 Dec. 13 54 854 1054 134 8634 4654 454 16 Sale 18 'ix "ix Sale Sale Sale 1854 Sale 1654 Dec. 21 Dec. 3 56 54 254 1654 454 Dec". 10 230 Dec. 16 Dec. 21 5 Dec. 6 Dec. Sale % Sale r65 21 Dec. 56 854 1054 154 Utah Radio Products com._l 59,200 4,500 19,600 34,500 123,300 900 9,500 10* 654 Jan. 434 Sept. 554 43 2 34 — 26,600 United Stores Corp com vtc * 130.900 United Verde Extenolon__50c 187,000 United Wall Paper ....2 1,000 Universal Consol OH Co....10 68.300 Universal Corp v t c ..1 630 Universal Tnaurance— .....8 1 8.500 Universal Pictures com ..* 4,200 Universal Products Co 40,100 Utah Idaho Sugar Co 5 10.275 Utah Pr & Lt $7 pref * 5 230 "~X ""I"" 8 554 Jan. Nov. 25 8 18 Aug. 654 Jan. 334 Oct. 454 Nov. 100 Western Grocery com.....20 3 8 254 Sale Dec. 2 7 8 Jan. li 19 25 7 40 254 4 Dec. 19 50 Dec. 7 3054 Mar. 31 75 Jan. 12 15 Dec. 19 15 Dbc. 19 13 54 Sept. 15 854 Dec. 50,900 Wentworth Mfg Co .1.25 54,200 Western Air Express Corp._l 6 854 Dec. 6 2234 Mar. 14 954 May 26 954 Mar. 2 Dec. 17 Dec. Dec. Dec. Dec. Dec. Dec. 1 15 5 22 30 4 Dec. 30 254 Dec. 1 434 Dec. 31 1054 Western Maryland Ry— 680 240 100 7% 1st preferred Western Tablet 8c Stationery Common. ....* 1,350 425 Westmoreland Coal Co—...* 100 """"75 600 Westmoreland 16 22 14 15 15 Sale 854 Oct. Inc 6 Oct. 6 8 West Texas Utilities Co— 170 550 6,600 1,400 39,600 4,750 4,800 15,200 21,200 3,000 800 2,700 4,000 500 50 800 ......* * Weyenberg Shoe Mfg Co..—1 Williams (R C) 8t Co .» Williams Oil-O-Matic Htg—* Wilson Jones Co com ..* Wlllson Products Inc 1 190 Wisconsin P 8c L 7% pref .100 10 8,300 Wolverine Port Cement 900 8,500 $6 preferred... W Va Coal Ac Coke com 58,500 Wolverine Tube Co com 2 15.500 Woodley Petroleum Corp Woolworth (F W) Ltd— 1 1,000 23,100 Am dep rets ord shs_.....5s 9,200 507,500 Wrlght-Hargreaves Ltd * 8,100 61,200 Yukon Pacific Mining Co...5 For footnotes see page 53. 254 Sale 554 7 5 Sale 354 Sale 854 10 854 1154 Sale 554 5 554 3 354 854 Sale on 9 754 154 554 134 554 554 3 954 854 154 5 54 „ 654 Sale 954 10 9 8554 Dec. 54 Dec. 27 454 Dec. 28 5 234 Dec. 854 Dec. 734 Dec. 2 Dec. 8 81 254 454 654 254 Sale 7 3 8 554 354 Sale 654 1654 1754 754 Sale 1354 13J4 754 Sale 154 Sale 154 Sale 3 8 6 354 854 654 Dec. 20 8 5 254 Dec. 27 654 Dec. 13 534 Dec. 17 Dec. 9 734 Dec. 2 1354 14 8 54 Sale 13 154 Sale 1 Dec. 15 88 154 654 534 354 934 854 83 3 17 Dec. 28 Dec. 10 834 Dec. 19 6 Dec. 22 1334 Dec. 2 854 Dec. 23 154 Dec. 2 Mar. Mar. Sept. Mar. Mar. 654 June 6 May 5854 Apr. 6754 54 454 454 2?4 2 29 25 28 28 25 16 31 20 88 254 734 654 554 1054 954 83 Dec. Jan. Jan. July July July 17 18 10 30 25 25 Feb. 9 Dec. 28 Mar. 29 3 34 Jan. 334 Mar. 31 954 Oct. 754 July 12 25 23 Jan. 28 534 May 25 13 Dec. 9 6X Mar 31 1 Sept. 14 16} 8} Feb. 254 Jan 3 11 50 NEW AGGREGATE In December YORK CURB EXCHANGE PRICES IN DECEMBER SALES RANGE FOR YEAR 1938 Price NEW YORK CURB EXCHANGE 12 Months 1938 Jan. 3 Dec. 1 1938 Bid Ask Bid Lowest Highest Lowest Highest Sale Prices Sale Price* Sale Prices Sale Prices Dec. 31 Ask Ask Bid BONDS 122,000 29,000 69,000 105,000 165",666 37",066 343,000 35,000 56,000 Abbott'* Dairy 6s 1942 2,538,000 Alabama Powsr 4H».....W67 499,000 1st Be ft 5s 1956 5s.. 1968 963,000 1st 5s 1946 1,002,000 5s registered... 5,000 ...1946 1st At tef 5s............1951 988,000 5s Registered.........1951 7,000 1948 455,000 Aluminium Ltd 5s 2,935,000 Amer Gas Be Blec deb 5s ..2028 5s called 2028 53,000 9834 102 8034 Sale 91X Sale 99 Sale 101 92 94 103% 104 8434 Sale 97 8034 Sale 96 8934 Sale Sale 104 Sale 98 103 99 8634 8134 9634 88 Sale 79 Dec. 23 8434 9634 Dec. 28 97 8434 Dec. 23 8934 10234 Dec. 28 104 k 98 99 Dec. 6 102 65 Dec. Dec. Dec. Dec. 89 9934 Dec. 21 106 X Sale 10534 106 10834 Sale Sale 106 10834 Sale Jan. 10534 Dec. 6 10634 Dec. 1 10934 Dec. Dec. 105"»aDec. 15 10634 Dec. 108 Jan. 17 104 Oct. 8 27 8634 Nov. 14 1 98 Nov. 14 1 9134 Oct. 29 27 10434 Dec. 15 9134 Mar. 16 78 1 Apr. 9134 Mar. 16 9934 Dec. 21 25 Feb. 25 80 10434 Sept. 17 10734 Apr. 22 1 10934 Aug. 23 106 Apr. 105»uDec. 15 10634 Nov. 21 80 107 Jan. 7634 Apr. 7034 Apr. Feb. American Power Be Light 317,000 85,000 18,000 3,487,000 10,000 75,000 404,000 245,000 24,000 422,000 1,724,000 3,923,000 2,807,000 131,000 1,000 2,619,000 17,000 898,000 30,000 2,684,000 205,000 2,057,000 7.000 676,000 2701666 1,000 206,000 15,000 228,000 5l",000 6s.... ............2016 694,000 Amer Radiator deb 4 Hs. 1947 234,000 American Seating 6s stpd 1946 Appalachian Power 6s...2024 Ark Louisiana Gas 4s....1951 Arkansas Pr Ac Lt 5s.....1956 Associated Elec 414*.....1953 Blec 414* 1948 414* registered........1948 Assoc Gas Ar 1968 AS 5s 110 —..1938 Ctfs 99 X 100 92 Sale 36 Sale 27 29 29 X Sale 9 86 Dec. 15 8034 Dec. 8534 Sale Sale 10434 10634 10334 Dec. 27 10534 Dec. 1 Sale 3 100 Dec. Dec. ' 3 10034 100 10034 100 5834 Mar. 31 10334 Dep. 27 117% 10334 10134 4534 2934 Dec. 12 11934 Dec. 14 11934 118 11834 118 5 10234 Dec. 12 10334 Dec. 10234 Sale 104 10034 Dec. 27 101 k Dec. 31 10134 Sale Sale 47 Sale 1 4234 Dec. 28 4734 Dec. Sale 6 31 Dec. 30 2834 Dec. 3134 33 Sale 10734 Feb. 9634 Apr. 8234 32 Sale 3334 2934 Dec. 23 3 30 Dec. Sale 3334 Dec. 30 Dec. 62"" "64" —...1949 1977 28 34 Cony deb 5s..........1950 IHs series C 514s 31 Sale 37 Sale 41X 3134 Sale 72 Sale 76 Sale 30 Sale 4434 Sale 3334 Sale 33 ...1955 23,000 23,000 3,000 2,000 464,000 Atlanta Gas Llgbt 414s..1955 1,558,000 Atlantic City Elec 3lis.. 1964 872,000 171,000 4,835,000 ♦Convertible 6s........1950 1955 1,408,000 Bell Tel of Canada 5s 1st M 5s ser B June 1 1957 721,000 5s series C 1960 344,000 9134 Oct. 20 10§ Sept. 6 3 102 Nov. 16 11934 Nov. 17 Nov. 104 Jan. Mar. 9 10134 Dec. 31 5134 Nov. 10 2034 Mar. 2634 Jan. Nov. 35 2634 Jan. 3634 Oct. Mar. Mar. Jan. 9 19 17 Nov. 10 36 100 100 Oct. 11 Oct. 11 Nov. 10 23 Apr. 2134 Mar. 92 X 05 10234 103 10334 Sale 87 93 83 40,000 Avery (B F) Sons 5s w W..1947 5s ex-warr ..1947 9,000 85 73 7334 75 10234 10334 10434 10434 10334 a91 9134 93 --- 86 85 88 Dec. 14 76 Dec. 23 10334 Dec. 1 10434 Dec. Dec. Dec. Dec. 8 a91 Jan. 13 Dec. 22 9234 9634 8934 8234 Dec. 85 Dec. 6 Aug. 62 Dec. Nov. 14 2634 Apr. 44 1950 5s registered Assoc Tel Ac Tel 514* A 86 30 Jan. 6434 Jan. 2034 Mar. Dec. 4434 Dec. 3334 Dec. 2734 Dec. 3934 Dec. 2934 Dec. Sale 33 79 21 26 62 1938 514* Im ctfs reg . 111 X 105 X 100 ....1968 registered SHi Ins 77 X Sale 10534 10634 79 Sale Oct. Apr. Feb. Apr. Oct. Oct. 103 Ps 17 8 10434 Dec. 22 9 95 Mar. 85 Nov. 10 Baldwin Locomotive Works— 61,000 40,000 44,000 78,000 58,000 9,000 61,000 77,000 321,000 26,000 125,000 41,000 70,000 19,000 62,000 102,000 892,000 285,000 493,000 330,000 53,000 40,000 29,000 121,000 32,000 5,000 26,000 1,1971666 4,000 231,000 2,000 117,000 141,000 71,000 1,053,000 296,000 134,000 87,000 1,000 4,000 12,000 67 Sale 112 $£ Sale 120 121 129 79 Sale Rale 130 196,000 1,080,000 510,000 252,000 Bethlehem Steel 6s— ....1998 816,000 1,299,000 2,522,000 324,000 2,962,000 620,000 1,362,000 437,000 364,000 652,000 5,245,000 2,355,000 4,404,000 2,176,000 Canada Nor Power 5s....1953 103 X Canadian Pacific Ry 6s.. 1942 106 X 107 Birmingham Blec 414*...1968 Birmingham Gas 5s 1959 Broad River Power 5s A—1954 Carolina Pr Ac Lt Ss.—.1956 Cedar Rap Mfg Ac Pow 5s. 1953 5s Series G 1V68 414s series H 1081 88 Cent Ohio Lt Ac Pr 5s A..1950 91 66 ......-.1956 Central Power 5s ser D.. 1957 Central Pow Ac Lt 5s..—.1956 1948 Cent States Blec 5s 1954 514s Cent States Pr At Lt 514s. 1953 414s series A..........1956 Chicago Junction Rys Ac Union Stock Yards 5s. 1940 405,000 1,209,000 t*Chic Rys 5s ctfs of dep.*27 274,000 _ Cincinnati Street Ry 514*1952 ....1955 6s series B 1966 398,000 Cities Service 5s.. 5a registered 1966 1,000 Conv deb 5s 1950 14,581,000 5s registered 1950 7,000 5s 1958 2,370.000 5s registered...... 1958 6,000 5s 1969 212,000 2,366,000 Cities Service Gas 514s..1942 764,000 Cities Serv Gas Pipe L 6*_1943 6,316,000 Cities Service P At L 514S.1952 514* gold deb -.1949 2,328.000 1,505,000 842,000 31,000 143,000 149,000 114 99 98 5s series E Community Pow At Lt 5S.1957 Community Pub Serv 5s A1960 Conn Ltg Ac Pow 7s A....1951 Consol Gas of Bait 5s....1939 1954 414 * 57 h 85 115 Sale Sale 99 90 93 70 Sale SOX 40 3734 3934 Sale 4434 Sale 10534 10634 91 % 9234 10634 10634 4434 47 85 89 X 90 90 9534 Dec. 10 11634 10934 Dec. 16 11034 120 Dec. 22 12234 12134 Dec. 14 125 Dec. 29 5 Dec. 1 Dec. Dec. 28 57 Mar. 31 11634 10934 Dec. 16 11434 11734 Apr. 1 123 118 Sept. 26 125 141 Dec. Dec. 30 129 8234 Dec. 28 8734 Dec. 1 70 85 74 1 70 55 71 Dec. Sale 10434 Sale 9834 9934 104 7 4134 Sale 7234 75 7234 75 62 Sale 7134 Sale 73 ^ 67 Sale" 69 Sale 71 Dec. Dec. 5934 Sale 9434 9534 7634 Sale 7734 Sale 31 31 31 31 1 7 10134 Mar. 100 Sept. Nov. 14 Aug. 25 10034 Dec. 31 41 Jan. 14 41 Jan. 12 5734 July 19 84 9934 Nov. 16 Apr. 10134 Apr. 14 10634 Jan. 40 Oct. 28 52 X Jan. 71.34 Dec. 29 4334 Mar. 5734 Mar. 4234 Mar. 60 Sept. 43 4 87 5 15 Jan. 7 9134 Feb. 7 75 68 7134 6634 7134 6834 7134 10234 10334 Mar. Nov. 15 17 28 25 Nov. 16 Dec. 28 Oct. Oct. Oct. Nov. 12 Dec. 16 Dec. 12 8634 Apr. 9134 Mar. Dec. 28 Dec. 29 40 Mar. 79 40 Mar.. 7934 Dec. 29 10634 108 ,12034 125 124 Sale 125 10334 Sale 11034 Sale 10934 11034 10934 Dec. 14 11034 Dec. 124 Nov. 17 94 47 X Mar. 68 Oct. Dec. 28 76 1 101 Dec. Dec. 19 129 8 10234 Dec. Dec. 1 12534 9 18 1043& Dec. 27 10734 May 18 Dec. 31 71 10 Nov. 103 73 k 22 Oct. 103 Oct. 70 Oct. Mar. 70 Dec. 13 1 102 Dec. 2 10334 Dec. Dec. 12 79 Dec. 12 7934 90 Apr. Dec. 12 Dec. 12 Dec. 28 Dec. 30 Apr. 6634 Jan. 7934 Mar. 2334 Mar. 2334 Sept. 3234 Mar. 92 85 88 73 29 7034 Dec. 31 6834 Dec. 28 7034 Dec. 30 Dec. 28 10834 Jan. Sept. 8534 Apr. 94 X Mar. Dec. 29 Dec. Nov. 22 Nov. 22 105 Mar. Oct. 29 r70 Dec. 29 18 Jaii. 9834 Nov. 12 11534 May 20 10334 Nov. 18 105 July 26 10334 July 15 73 Ill 68 76 Sale 7334 10034 10034 10034 10034 Sale 129 12834 13034 12934 133 10334 10234 10234 10334 102 127 1 7 10 7 Mar. 31 6 Sale 128 19 90 4 Dec. 75 127 16 Jan. 73 6534 6834 6534 10134 10234 ' 101*»3a Sale 102«32 Sale 12 4 Dec. 24 Dec. 7034 Sale 9434 Sale 10134 5234 Sale 5234 Sale 1 2 10434 Dec. 14 1 46 Dec. 5 r70 Sale 3 Apr. 6534 Dec. 10 " Sale 7034 9934 Dec. 13 June 17 145 6934 Dec. 13 Sale 100 8534 Dec. 14 Dec. 28104 Dec. Dec. 21 103 X Dec. Dec. 28 98 Dec. Dec. Dec. 7 115 1 1038« Dec. Dec. 2 103*32 Dec. Dec. 6 10234 Dec. Dec. 1 10234 Dec. Dec. Dec. 22 10234 Dec. Dec. 23 8634 Dec. Dec. 13 10034 Dec. Dec. 10 3534 Dec. Dec. 3434 Dec. Dec. 34 Dec. 9734 Dec. 21 9834 10434 104 6834 70 10134 Sale 10234 103 7334 Sale 74 34 Sale Dec. 10434 10436 Dec. 27 10434 Dec. 98 10434 104 41 4334 Sale 69 6934 75 68 80 7234 104 2 145 Dec. 21 10234 10334 103 Sale 102 103 10234 101 95 Sale 96 34 Sale 98 114 115 11434 11534 114 103 10334 10234 10234 Sale 10334 10334 10334 10334 103 10234 10234 102 34102 "»j 10234 10234 Sale 10234102»»2 10234 101 10134 10134 10134 Sale Sale 83 85 8334 Sale Sale 98 10034 Sale Sale 31 2934 3534 Sale 3434 Sale 3134 Sale 2834 53 5234 5334 5734 Sale 10334 9634 Sale Cent 111 Pub Serv 414* F.1967 Chicago Dlst El Generating 414* series A._ .1970 521,000 Chicago 111 Midland Ry— 137,000 123,000 82 81 Sale 98 11534 Sale Sale 110 11034 Sale Sale 121 12234 Sale 12534 12434 124 12234 141 142 14434 Sale 8434 Sale 8734 Sale Sale 69 74 7134 85 8234 8534 8634 Mar. 30 79 9434 Jan. 4 10134 12534 Apr. 4 129 10234 Dec. 8 10634 12034 Feb. 7 12534 Dec. Dec. Dec. 52 Dec. Dec. July 11 Nov. 1 Dec. 28 Oct. 28 Oct. 26 July 20 Jan. 4 Dec. 21 Consol G B L At P Bait 43,000 906,000 ...1971 314s series N 1 10334 Jan. 3 11034 Nov. 16 Consol Gas Utilities— 65,000 427,000 34,000 34,000 170,000 6s A stamped..........1943 764,000 5,548,000 Continental G At El 5s ...1958 197,000 Cuban Telephone 714*—1941 1944 253,000 Cuban Tobacco 5s.. 1,718,000 Cudahy Packing Co 334s.1955 45,000 32,000 183,000 141,000 90,000 44,000 62 Sale 924.000 Delaware Blec Pow 514*..1969 977,000 48,000 344,000 15,000 1,000 221,000 78 97 50 Sale 10134 5434 ----- 4,860,000 967,000 4,568,000 233,000 191,000 1,235,000 ♦Ctfs of deposit......... ♦25-yr s 1952 f deb 7s ♦Ctfs of deposit Eastern Gas At Fuel 4s A. 1956 Edison Blec Ilium 314s... 1965 4 5 134 34 134 134 6734 Sale 10734 10734 2030 68 Elmlra Wat Lt At RR 5s.. 1956 1952 104 101 84 1953 1967 10334 Sale Elec Pow Ac Lt 5s El Paso Elec 5s A ...1950 Empire Dlst Blec 5s 82 34 60 9234 10034 Sale 1949 10834 285,000 Denver Gas Ac Elec 5s 434 6 681,000 ♦Detroit Int Bdge 614*..1952 429,000 291,000 235,000 60 100 Sale Sale Sale 87 6134 Sale Sale 6534 Sale 6034 8034 9634 62 86 61 8134 99 6434 Sale 5834 Dec. 12 7834 Dec. 28 96 63 Dec. Dec. 6034 Dec. 8234 Dec. 13 10034 Dec. 13 6534 Dec. 9034 Dec. 17 96 10334 Dec. 14 105 10634 10634 10634 10634 10634 Dec. 15 10634 7 5 Sale 5 Dec. 1 734 734 7 1 734 434 Dec. 734 434 Sale 1 1 34 1 34 Sale 34 Dec. 1 2 34 1 34 1 34 Dec. 105 Sale 104 105 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 5334 Sept. 28 6534 6334 Mar. 31 86 10034 8734 Apr. 47 Mar. 30 7234 9034 Dec. 17 9734 10634 234 234 34 34 99 Mar. 31 105 Dec. 15 110 734 Oct. 3 734 Sept. 21 Oct. 7 134 Oct. 134 Jan. 12 Nov. 14 Dec. 1 July 27 Sept. 2 Dec. May Dec. Dec. 1 7 6 6 May. 4 Apr. 29 6534 Dec. Dec. 2 11134 Dec. Dec. Dec. 14 75 8 10934 Dec. 10834 Dec. 10434 Dec. 10 10434 Dec. Dec. 9834 Dec. 28 100 5534 Dec. 13 8134 May 11 106 Apr. 9 11134 Dec. 21 Nov. 10 5334 Mar. 31 80 50 Dec. 28 5034 5134 Dec. 5534 10734 Sale 10734 Dec. 15 10834 Dec. 38 Nov. 14 Sept. 28 57 10234 Apr. " 10834 Nov. 9 6134 6334 Sale 11034 11034 74 X 75 Sale 109 10934 Sale 10434 10434 10434 100 9934 Sale 110 Sale 112 Sale Sale Sale 5534 Dec. 13 110 70 8 10934 Nov. 23 Oct. 18 98 Mar. 31 105 8334 Mar. 30 10034 Oct. 23 9734 Apr. Ercole Marelll Blec Mfg 13,000 10,000 614* 115,000 537,000 Erie LlghtlngSs... 92,000 725,000 Federal Water Serv 514S.1954 20,000 29,000 2551666 733,000 270,000 863,000 21,000 1,071,000 4,835,000 Finland Residential Mtge 6s stamped............1961 Firestone Cotton Mills 5s.l948 First Bohemian Glass 7s. 1957 Florida Power Co 4s C 55 65 6734 Sale 10234 10434 10534 94 100 80 Sale 8434 Sale 80 Dec. 1 85 "8534 Sale" 7 103 10234 10334 102 34Dec. 10134 Sale 10134 Sale 10134 Dec. 27 102 5034 5034 90 Sale 9034 Sale 9034 8734 Dec. 9534 Sale 9534 Sale 9534 9134 Dec. 83 8434 10334 Sale 9734 Sale 10434 Sale 1966 Florida Power At Lt 6k...1954 5034 58 10734 108 103 105 Dec. 29 Dec. Dec. —- Dec. Dec. 58 Feb. 29 85 Dec. 29 Feb. Sept. 27 105 10134 July 21 10534 Jan. Jan. 52 Sept. 16 95 76 Apr. 1 9034 Nov. 74 Mar. 31 9534 Oct. 98 21 4 21 12 24 Gary Elec At Gas— 59,000 146.000 903,000 5s est stamped ........1944 1,926.000 Gatlneau Power 5s__....1956 2 !000 "81666 17,000 92,000 3,000 5s registered 1956 81,000 Gen Bronze conv deb 6S.1940 136,000 G©n Pub SerT Co 5s.-...1953 1,136,000 G©n P°b Utilities 634s A..1956 36.000 *Gen Rayon Ltd 6s A....1948 For footnotes see page 53. 73 87 70 75 90 72 72 7634 8334 85 9734 Sale 8234 Sale 73 77 9534 Sale 10434 Sale 90 97 8134 73 9434 Dec. 29 9734 Dec. 10334 Dec. 10 10434 Dec. Dec. Dec. 95 85 Dec. 2 90 98 97 80 Dec. 15 98 Dec. 28 8334 Dec. 75 Dec. 75 82 77 2 Dec. 78 Apr. 9934 Sept. 102 63 Mar. Apr. 7534 Apr. 62 Mar. 7234 Sept. 9834 Nov. 18 10434 Dec. 27 102 Mar. 25 90 98 Dec. 30 Dec. 12 8534 Oct. 31 77 Apr. 26 NEW JAN., 1939] In December 62,000 211,000 7,000 NEW YORK CURB EXCHANGE 12 Months Price Jan. 3 1938 BONDS {Continued) nnn Ask Bid 86 85 Sale 98 Sale 97 63 2* Sale 60 H Bid Ask Bid 6^8,000 Gen Wat Wki & El 5$ A..1943 5.629,000 Georgia Power ref 5« 1967 578,000 Georgia Pow A Lt 5a .1978 74H 25,000 ♦GesfuerelOa-.... ......1953 312* k 1,524,000 Glen Alden Coal 4e......l965 31,000 13,000 14,000 15,000 126,000 468,000 84.000 102,000 207,000 Gobel (Adolf) deb 4H« ..1941 Grand Trunk Weat Ry 4a 1950 35.000 388,000 136,000 5,000 12,000 82,000 8,000 115,000 49,000 882,000 23,000 142,000 298,000 236,000 740,000 Great North Pow 5a stpd 1950 762* Sale 87 60 65' 66 H 25 1945 59 74 53 14,000 24",660 20,000 21,000 103,000 64,000 79,000 16,000 20,000 31,000 70,000 400,000 160.000 'Hamburg Elec Co 7s 1935 'Hamburg E A Und RySH«'38 HeUer (W El A Co 4a ww. 1946 HouatGulf 6a Gas 6 Ha x w.1943 1943 485,000 Houaton Lt A Pr 3H* ...1966 9,000 'Hungarlan-Ital Bk 7 Ha. 1963 266,000 Hygrade Food 6s aer A ..1949 66.000 6s aeries B .....1949 25",006 7,000 53,000 150,000 400,000 325,000 38,000 12,000 84,000 Hall Printing 6s A stpd..1947 185,000 1,013,000 1957 Illinois Nor Utll 5a 1,248,000^ Illinois Pow A L 5Ha.... 1957 1954 5Hs series "B" 2,604,000 6a aeries A 3,633,000 5a series G 355,000 Indiana Elec Corp 6t A.. 114,000 6Ha aeries B_. 704,000 5s aeries C............ 107,000 Indiana Gen Service 5s.. 1953 156,000 Indiana Hydro-Elec 5a A168,000 Indiana A Mich El 5a.... 259,000 1st A ref 5a.. 1,128,000 Indiana Service 5a....... 696,000 lat Hen A ref 5s 1958 ........ — ....... ... 1956 45 38 36 76 H 22 H 100 H Sale 30 882* Dec. 19 282* Dec. 16 17 Dec. 14 Dec. 2 Dec. 14 60 Dec. 5 892* Dec. 8 71 56 Sale 972* 100 1022* 103 2* 65 1951 1948 Sale i08H 1957 1955 1950 1963 93 H Sale 1112* 106 H 1072* 53 56 2* 55 (nt Pow Sec 6 7a series Ha series C.1955 E ...........1957 7a series P. ....1952 335,000 International Salt 5s....1951 4,726.000 Interstate Power 5a ..1957 1,832,000 Debenture 1952 6s 40 95 962* 102 Sale 100 101 59 102 30 Sale 65 8 64 63 30 Sale 61 64 61 1052* 1062* 1052* Sale 87 852* 97 992* Sale 102 2* Sale 1012* 97 Sale 962* Sale 932* Sale 97 100 992* Sale 100 101H 992* 1002* 100 Sale 872* 882* 86 842* 110 106 572* 59 60 58 65 64 60 262* 252* 962* 100 1022* 1082* 30 1032* Sale 1082* 1082* 1092* Sale 103 68 44 321,000 201,000 199,000 262* 222* 56 Sale 55 312,000 'Indianapolis Gat 5a A.. 1952 40 87 83 80 Dec. Dec. Dec. Dec. 98 64 60 74 46 Dec. 1,358,000 Italian Superpower 6a 63.000 40,000 155,000 2,727,000 5a aeries D ........1956 4Ha series F ..1958 Iowa-Nebraska LAP 5a..1957 272* Dec. 10 Dec. Dec. 6 Dec. 9 1022* Dec. Dec. 29 1032* Dec. 14 8 Dec. 7 1092* Dec. 29 Dec. 28 Dec. 28 99 Dec. 64 63 5a Series B ...1961 Iowa Pow A Lt 4Ha A...1958 Iowa Pub Serv 5a........1957 Isarco Hydro-El 7a ..1952 38.000 Isotta Fraschlnl 7s ...1942 1963 658,000 JacksonvllleGas 5s stmpdl942 874,000 Jersey Cent P A L 5s B...1947 4Ha series C 1961 325,000 109,000 435,000 836,000 969,000 222,000 24,000 23,000 18,000 138,000 228,000 28,000 18,000 237.000 Kansas El Pow 3H« Kansas Gaa A Elec 6a 1966 202J Kansas* Power 5s A......1947 Kentucky Utilities 5s....1969 97 96 H 3 Dec. 23 1062* Dec. 3 Dec. Dec. 28 89 1 Dec. 22 992* Dec. 1 Dec. 14 1022* Dec. 1 Dec. 21 972* Dec. 8 Dec. 15 1002* Dec. Dec. 14 1002* Dec. 14 6 Dec. 28 882* Dec. 5 5 Sale Sale 58 Sale 106 1062* 107 562* Sale 552* 55 552* 552* 762* Sale 672* Sale 65 Sale Sale Sale Sale 95 Sale 106] 102H 103 80 45 36H 37 H 104H 105H 103 1032* 98 86 49 49 49 86 Dec. 24 Dec. 1 1062* Dec. 13 84 522* Dec. 30 54 53 57 Dec. 22 Dec. 24 1 Dec. 59 50 55 582* Dec. 572* Dec. . 56 60 6 108 1072* Dec. 54M Dec. 21 582* 37 Dec. 27 41 1072* 108 582* Sale 40 Sale Dec. Dec. Dec. Dec. 75H Sale 1961 75 95 87 802* Dec. 21 822* 762* 75 Dec. 21 77 97 90 1 9 Dec. 1 1 1 Dec. 1 832* Dec. 6 79 6 Dec. 98 Dec. 23 101 3 Dec. 1002* Sale 1 1002* Dec. 20 Sale 100 1002* 992* Dec. 108 104 Dec. 27 1062* Dec. 2 1052* 106 Sale Sale 6 105 103 Dec. 14 105 Dec. 58 8 61 49 51 Dec. 28 57 Dec. 88 80 98 80 Dec. 9 9 80 Dec. 7 462* 412* Sale Dec. 412* Dec. 31 47 Sale 40 40 Dec. 402* 412* 39 422* Dec. 14 1052* 1042* Dec. 12 1052* Dec. 29 1052* Sale 105 1042* Dec. 12 1052* Dec. 31 1052* Sale 1052* Sale 1022* Dec. 1192* 1202* 1192* 1202* 1192* Dec. 1022* Sale 1022* 1032* 1022*.-Dec. Sale 90 87 Sale 862* Dec. Sale 91 88 4 Sale 872* Dec. Dec. 102 Sale 1012* 1022* 101 93 Dec. 93 Sale 932* 922* Sale 100 w* 76 6 7 Dec. 13 Dec. 27 Dec. 22 102 J* 1032* 1032* 105 99 1142* Sale 6Ha series D..........1948 SHa aeries P 1955 5a 58 62 78 Sale 58 72 43 78 1002* 992* 1062* 1042* 31 Dec. 27 872* Dec. 822* 662* 96 7 29 Dec. 22 3 Dec. 1092* 1102* 1082* Dec. 14 1102* Dec. 41 Sale 693 63] 3 Dec. 27 Interstate Public SerrIce 751,000 992,000 889,000 253,000 219,000 882,000 205,000 58,000 154,000 113,000 48,000 10,000 92,000 16,000 4,000 56.000 2 3 2 Sale Sale 108 Sale 582* Sale 107H 109 432* Sale 25 H Sale Dec. 27 1 6 992* Dec. 23 1002* Dec. 12 Sale 992* Sale 1022* Sale Sale 88 72 H 1953 100 41 43 106 H 108 87 H 89 106 % 1j8 79 83 90 Sale 96 84 2* Sale 412* "97" 8 62 H 62 25 Sale 1947 Sale 25 96 84 17 Highest Sale Prices 282* Dec. 16 25 32 62 62 Lowest Sale Prices 1 Dec. 21 Dec. 28 94 Guardian Investor* Corp— 5a series A............1948 Highest 56 60 56 62 88 Sale 88 89 H Sale 1082* 112 108H 109H 1082* Dec. 28 1082* Dec. 50 Dec. 28 52 H 54 Dec. 532* 552* 492* 48 53 52 Dec. 2 53 Dec. 50 53 Sale 107H Sale Guantanamo & W Ry to.1958 Grocery Store Prod 6a 72 85 Sale YEAR 1938 Sale Prices Sale Prices 87 H Sale RANGE FOR I Lowest Ask 262* 722* Sale 68 Sale 57 90 Dec. 31 Dec. 1 1938 * $ 474,000 84,000 2,000 PRICES IN DECEMBER SALES AGGREGATE 51 EXCHANGE CURB YORK 1032* Dec. 24 12 1202* Dec. 13 13 1032* Dec. 10 3 90 Dec. 31 10 91 Dec. 31 28 1032* Dec. 9 932* Dec. 15 652* Apr. 78 7 Mar. 31 492* June 1 282* Dec. 16 882* Dec. 19 982* Nov. 19 68 Jan. 332* Feb. 10 7 Feb.. 8 75 July 14 July 18 Apr. 27 66 812* June 22 932* Mar. 8 107 Jan. 4 1082* Dec. 2 65 Jan. 5 47 Oct. 31 62 53 51 June 17 59 Feb. 14 29 Mar. 29 502* Oct. 17 1002* Dec. 12 342* May 19 762* Jan. 26 2* Dec. 20 Sept. 30 99 832* Feb. 96 Apr. 97 H Feb. 103 Apr. 122* May 43 43 3 4 1042* Oct. 1092* Dec. 29 15 Mar. Mar. Apr. 852* Apr. Mar. 79 Mar. Apr. Apr. 1052* Sept. 75 Mar. 1082* Dec. 1042* Apr. 45 H Mar. 84 64 Feb. 912* 1002* 102 2* 972* 1002* 101H Mar. 79 Nov. 14 90 Nov. 22 Dec. 1 Nov. 21 Dec. Nov. Nov. 3 1112* Jan. 1072* Jan. 632* May May 20 Dec. 13 89 Mar. 84 652* Nov. 672* Nov. Sept. 26 462* Sept. 26 452* Sept. 28 Jan. Mar. 90 Mar. 91 June Oct. 4 17 19 28 23 85 Feb. 53 July 27 July 14 Jan. 18 .Oct. 22 Mar. Mar. 1032* Nov. 16 1202* Dec. 13 1032* Dec. 10 90 Dec. 31 Mar. Mar. 91 Dec. 31 1032* Dec. 9 932* Nov. 21 842* Apr. 78 Oct. Oct. Aug. 13 1052* Nov. 9 632* Nov. 14 952* Apr. 65 65 Nov. 7 50 8 106 2 106 Feb. Apr. 982* Apr. 97 1 602* Nov. 10 Nov. 14 108 1052* Mar. Jan. 98] 40 Sept. 76 Sept. 36 Sept. 112 9 9 Nov. 14 46 85 H 802* 1022* 1012* 572* Mar. 32 100 65 14 10 11 18 1092* Nov. Mar. 29 182* Mar. 30 64 2 1092* Mar. 10 40 35 8 Nov. 22 492* Jan. 107 3 110 68 43 June 20 July 22 672* Aug. 10 68 1052* Dec. 76 Nov. 12 Dec. 6 103 2* Aug. Mar. Lake Superior Diat Power— 513,000 3Hs series A..........1966 2,427,000 Lehigh Pow Secur 6a....2026 38,000 292,000 4,000 27,000 656,000 755,000 406,000 2,244,000 72,000 22,000 63,000 169.000 'Leonard Tlets Inc 7Ha-1946 Lexington Utll 5a. 1952 Llbby McNeill A Llbby 5a 1942 Long Island Ltg 6s......1945 Louisiana Pow A Lt 5s 1957 'Mansfield Mining A Smelt— 8,000 7s Ex-warrants. ......1941 155,000 Marlon Reserve Pow 4H* 3952 97,000 McCord Rad A Mfg 6s 1943 3,000 35,000 9,000 Memphis Comm'l Appeal— 43,000 Debenture 4H* 1956 1,880,000 Memphis PAL 5seer A..1948 340,000 Men gel Co 4Hs 1947 495,000 Met Edison 4s series E...1971 618,000 4a series G............1965 93 1002* Sale 1052* Sale Sale Sale 102 23H 95 29 Sale 102H Sale 94 962* 104 Sale 952* 972* 78 83 231,000 1,302.000 2,046,000 992,000 793,000 5,000 1,303,000 560,000 139,000 241,000 148,000 89,000 205",066 73,000 56,000 31,000 Middle Sta Petrol 6 Hs A. 1945 254,000 Midland Valley RR 5a r 739,000 1943 Milwaukee G L 4Ha Minn Pow A Lt4Hs 1st A ref 5a 1967 1978 1955 ; Mississippi Pow 5s......1955 Missouri Pub Serv 5s A.. 1960 21,000 23,000 137,000 283,000 187,000 Nassau A Suffolk Ltg 5a. 1945 859,000 Nat Pow A Lt 6a* *A" 2026 Deb 5a series B 2030 2,621,000 42,000 37,000 85,000 45,000 140,000 509,000 174,000 740,000 256,000 1,540,000 15,000 175,000 133,000 374,000 135,000 201,000 55,000 148,000 New Amsterdam Gaa 5s..l948 2,258,000 New Eng G A Elec Aaan Ssl947 5s 1948 655,000 Conv deb 5a..........1950 2,774,000 1948 1,471,000 New Engl Pow Aaan 5a Deb 5Ha 1954 1,821,000 493,000 New Eng Pow Co 3Ha A.1961 1'Nat Pub Serv 5a C O D.1978 Nebraska Power 6a......2022 4Hs.. 1981 Nelsner Bros Realty 6a.. 1948 Novada Calif Elec 5a New Orleans Pub 769,000 858.000 85,000 133,000 2,685,000 2,588,000 70,000 368,000 1956 28 Dec. 9 28 Dec. 1022* 1032* 102 Dec. 2 103 80 822* 60 942* 952* 942* 952* 922* Sale 89 892* 60 CO 97 Sale 902* 91H 1072* Sale 1082* 109 92 93 622* Sale 88 91 100 75 104 81 Sale 1 "75"" 1 100 902* Sale 982* Sale 72 H 702* 3 Dec; 25 75 "§!"* "84" Dec. 103 30 106 73 Dec. 22 75 Dec. 30 Dec. 13 Dec. 28 Dec. 12 Dec. 17 Dec. 7 9 17 Dec. 27 86 842* 1092* Sale 672* 72 932* 32* Sale 92 83 95 Sale 85 Dec. 9 2 972* Dec. 892* Dec. 21 912* Dec. 15 106J* Dec. 29 1082* Dec. 10 107 Sale 982* Sale 1032* Sale 812a Sale 992* Sale 992* 982* 992* Sale 1042* 1042* 1032* 83 Sale 792* 73H 75 442* Sale 1142* 118 1092* 112 93 90 712* Sale 1162* 1182* 56 57 56 H Sale 57 Sale - 782* Sale 81 Sale 5a stamped........... 1942 ♦6s aeries A........... 1949 N Y Cent Elec 5Hs 902* Sale 67 H 70 99 'NYPaAORR 4H* stpdl950 N Y P A L Corp lat 4H*—1967 N Y State E A G 4Ha 1980 100 N Y A Westchester Ltg 5s *54 For footnotes see page 53. 38 32* 382* 2 74 972* 922* 36 1182* 1192* 1152* 1082* Sale 1072* 962* 98 100 782* 822* Sale 120 Sale Sale 118 532* Sale 90 2* Sale 54 118 56 53 92 107 1950 4s 87 882* 89 912* Sale Sale 1092*- Sale 108 732* Sale 73 742* 992* 100 99 Sale 32* 542* r532* Dec. 29 100 1 100 Dec. 5 1042* Dec. 3 Dec. 842* 1012* Nov. Apr. 107 30 Mar. Apr. Apr. Mar . 3 Dec. 30 Nov. 23 1002* Dec. 28 105 Apr. 27 100 31 107 242* Apr. 7 97 55 Jan. 1 Sept. 14 Feb. 26 Nov. 29 5 104 Apr. 282* June 9 July 25 83 Jan. 17 Dec. 14 2 22* Dec. 22 Dec. 2 Dec. 27 101 83 100 872* Apr. 552* Sale Sale s 1 Dec. 1 992* Dec. 16 932* Dec. 30 8 38 5 Dec. 14 1182* Dec. 2 Dec. 15 Dec. 28 109 Dec. 30 1002* Dec. 28 Dec. 2 Dec. 27 83 Dec. 19 Dec. 15 Dec. 15 Dec. 15 912* Dec. Dec. Dec. 31 1 932* Dec. 28 2 1082* Dec. 31 992* Dec. 842* Dec. 1 1002* Dec. 30 1 922* Dec. 31 107 612* Mar. 782* July 70 Dec. 23 Dec. Apr. Mar. 1072* Aug. 54 Apr. 86 Apr. 22* Dec. 21 Dec. 6 119 53 Dec. 28 57 52 Dec. 28 562* 522* Dec. 28 562s 892* Dec. 23 912* June 9 93 Jan. 25 1 1082* Dec. 10 Apr. 1012* Mar. 31 1092* Oct. 17 752* Jan. 4 95 Apr. 1 50 Apr. 1 642* Aug. 17 882* Jan. Dec. 118 121 70 100 Dec. 30 Dec. 14 912* Dec. 80 Apr. 14 952* Aug. 23 Oct. 3 672* Feb. 19 100 Dec. 1 Dec. 17 Dec. 1072* Dec. 30 110 73 Dec. 7 752* Dec. Dec. 982* Dec. 12 100 76 722* 97 992* 932* 902* 37 38 1162* 116 108 1072* 99 962* 742* Sale 912* Sale 932* Sale Sale 1072* 1082* Sale Jan. 87 Dec. 7 1082* Sale 1082* Dec. 15 109 90 90 Dec. 21 932* 932* Dec. 23 2 Dec, 592* 612* 582* Dec. 22 63 732* Sale 972* 992* 902* Sale 93 84 25 84 101 76 100 12* June 24 15 Nov. 30 Nov. Dec. 1042* Dec. 862* Nov. 782* July 25 92 Nov. 26 1102* Apr. 28 78 100 Nov. 14 July 22 52* Feb. 2 Jan. 4 95 622* Mar. 31 1 58H Apr. 992* Dec. 932* Dec. 19 442* Jan. 7 1202* Nov. Apr. 1072* Dec. 28 1102* May 1 1002* Dec. 802* Apr. 69 1 85 2* Nov. Apr. 35 Ill 18 17 30 19 Oct. 16 30 3 23 13 28 12 27 119 Dec. 19 Mar. 30 612* Oct. 29 115H Jan. 40 40 1 Apr. 392* Mar. 31 70 74 102 592* July 19 60 July 19 Mar. 31 912* Dec. 31 Mar. 31 932* Nov. 10 Feb. 1 1082* Dec. 31 Serv— 2004 142,000 Nippon Elec Pow 6 Hs... 1953 773,000 Nor Amer LAPSHa A...1956 992* Dec. 28 101 105 5s registered..........1955 Miss Power A Light 5s...1957 Miss River Power 5s ...1951 382.000 Montana Dakota Utll 5Ha '44 Munaon Steamship Line 526,000 ♦6H« ctfs of dep w W..1937 92,000 167.000 3,000 30,000 198,000 331,000 1,000 14.000 2,000 127,000 102 100 100 1042* Sale Sale 25 23 - 201,000 19,000 38,000 31,000 20,000 27,000 992* 1032*. 892* 1062* 99 1062* Sale 28 2* Dec. 20 107 Dec. 13 30 100 101 99 Dec. 20 1002* 1032* 1032* 1032* Dec. 27 104 90 92 89 Dec. 2 92 106 1062* 1052* Dec. 21 107 26 104 1072* Sale 922* Sale 1122* 104 1042? 992* Sale 842* Sale 1032* 104 1002* 102 Sale 80 80 922* Sale mx 102 2* 102 18S 105 65 552* 77 94 76 1062* 1072* 1062* Sale 962* 992* Sale 1122* 1122* 112 2* 105 1052* 105 1062* Sale 60 50 58 Sale 97 Sale Dec. 15 1032* Dec. 5 80 Dec. 28 1072* Dec. 14 1062* Dec. 6 Dec. 20 Dec. Dec. Dec. Dec. 56 Dec. 932* Dec. 1 2 29 1122* Dec . 29 13 1052* Dec. 3 16 56 Dec. 16 6 97 Dec. 31 86 H Feb. Dec. 30 Dec. 31 93 45 Nov. 9 Feb. 1 9 1002* Mar. 31 922* June 1 1042* 9 84 May 105 7 1082* Apr. 88 Apr. 14 102 1102* Nov. 2 114 8 1052* 103J* Jan. 45 3 Aug. 70 1 97 Apr. Aug. 17 Nov. 25 Sept. 10 Apr. 1 Mar. 11 Dec. 31 52 NEW AGGREGATE In December Bid (Continued)- Nor Cont UtII 5*8 A._.. .1948 Nor Indiana G&E is... .1952 41* 99 Sale 58 series D .1969 .1970 97 88 Sale 4*a E 308.000 Northwest Elec 6s atpd. .1945 768,000 37 107*" Nor'west Pub Serv Si A- .1957 79,000 13,000 76,000 282,000 Pacific Coast Power 5s—1946 744,000 Pacific Gas & El 6s B 1941 92* 103* 105* 85* 89 73.000 791",000 134.000 Pacific foresting 5s A 8,000 4,000 192,000 "5,666 315,000 51,000 129,000 177,000 Without warrants 1942 Pacific Power & Light 5s. 1955 Palmer Corp of La 6s 1938 Bldg 3s—1964 Park Lexington YEAR 1938 Ask Bid 48* 108*. 105* 105* 103* 105* 98* Sale 109 Sale Sale Sale Sale Sale Lowest 45 47* 107* 105* 106 105* 106* 104* Sale 104* 106* 97* Sale 107 Highest Sale Prices Ask Sale Prices 45 Dec. 28 48* Dec. 13 108* 104* Dec. 29 106 105 Dec. 105* 103 Dec. 10 104* 104* Dec. 10 105* 97* Dec. 22 99* 106 Lowest Dec. 14 Dec. 2 Dec. 5 Dec. Dec. 30 Dec. Dec. 7 108 Dec. 15 108* Dec. 106* 108 108* 107 102* 102* 101* 102* 101* Dec. 23 102 732 Dec. 105* Sale 103* Sale 94* Sale 103 116 104* 116* 102 113* Highest Sale Prices 30 Mar. 31 105* Apr. Sale Prices 55* Nov. 15 109* Aug. 16 Feb. 23 106* Nov. 93* Apr. 13 106* Nov. 86* Apr. 5 104* Dec. 102 Feb. 8 105* Sept. 93 80* Apr. 14 18 28 30 28 99* Dec. 7 103* Jan. 19 108* Nov. 30 Jan. 19 101* Dec. 23 107 102 Nov. 22 106* Jan. 15 105 5 106 Dec. 28 105* 104* Dec. 102* 102* 101* Dec. 29 103* Dec. 1 90* Sale 89* Dec. 20 95* Dec. 1 102 102 Dec. 2 102* Dec. 7 102* 101 Sale 113* 113* 113* Dec. 13 114* Dec. 17 96 83 69 Jan. 26 106 Dec. 28 Oct. 15 Apr. 2 106 Apr. 12 96* Oct. 28 100 Mar. 11 103* Aug. 15 113* Dec. 13 116* Feb. 3 1948 61,000 Pacific Ltg 8c Pow 5s 2,405,000 16,000 212,000 2,162,000 223,000 1,041.000 Bid I Dec. 31 Dec. 1 Ask .1966 Nor Ind Pub Sarr RANGE FOR Price Jan. 3 1938 BONDS 685,000 272,000 1,030,000 1.161,000 1,607,000 EXCHANGE PRICES IN DECEMBER NEW YORK CURB EXCHANGE 441,000 Ogden Gil Co 5* 1945 713,000 Ohio Power 5s aeries B 1952 725.000 4*s series D 1956 2,622,000 Okla Nat Gas 4*a A 1951 1,367,000 Conr deb 5s ...1946 592,000 Okla Pow fk. Water 5s A.. 1948 65,000 CURB SALES 12 Months 1938 % 70,000 44,000 62,000 61,000 204,000 17,000 163,000 YORK Penn Cent Lt & Pow 4*8 1977 86* 89* 112* 115 61* 64 100* 101* 28 28* 83* Sale 1979 90 95 Penn Electric 4a aeries F.1971 86 Sale 94 89 99 5s 94 95 74 Dec. 28 94 Dec. 6 Dec. 29 78* Dec. 6 30 Dec. 23 31 92* Dec. 113* Dec. 92* 94 113* 115 76* Sale 8 79 77 Sale 28 32 94* Sale 100* Sale 96* Sale 30 92 97 97 32 Sale 3 113* 94 Apr. Apr. 115 99 113* 114 Mar. Feb. 101 28 Mar. 113 55 100 Sale Dec. 13 89* Dec. 17 94* Dec. 97* Dec. 28 100* Dec. 95* Dec. 27 97* Dec. 1 Sept. 8 May 27 82* Oct. 24 74* Mar. 5 78 Mar. 2 76 Apr. 31 82 75 Apr. 34* 94* 100* 97* Jan. 14 Jan. 19 Dec. 1 Dec. 5 Nov. 26 Penn-Ohlo Edison 6s....1950 44,000 55,000 52,000 44,000 16,000 29,000 117,000 58.000 148,000 24,000 500,000 749,000 286,000 166.000 314,000 Without warrants.. 43,000 23,000 24,000 22*666 C. 1947 .......1954 5s series D Penn Water 8c Pow 4*a..l968 719,000 5s 1940 1,094,000 Peoples Gas Lt 8c Coke 4a B'81 831,000 48 series D 92* 106* 107 102* 104 108* 108J 107* 109 87* Sale —.......1961 1,338,000 Phila Elec Power 5*s 1972 141,000 Phlla Rapid Transit 6a..1962 Piedmont 36,000 28,000 49,000 4,000 101,000 ....1959 5*s series B Penn Pub Serv 6s Hydro-Electric 6*s series A..........I960 126,000 Pittsburgh Coal 6a......1949 518,000 Pittsburgh Steel 6s......1948 89,000 ♦Pomeranla Elec Co 6a...1953 614,000 Portland Gaa 8c Coke 5a. 1940 aer 73 * 76* 99* 100* Sale 91 92 91* 107* 107* 106* Sale 104* 105* 105* 105* .108 101* 104* Sale 104* 104* 91 Sale 91* 91* 94 95 93* 94* U2H Sale 111* Sale 76 76 77 — — _ «. — 97 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 92 Dec. 110* Dec. 75* Dec. 89* 106* 104* 107* 104* 90* 14 100* Dec. 30 2 92* Dec. Dec. 17 Dec. 17 108* Dec. 22 104* Dec. 30 1 91* Dec. 2 94* Dec. 1 112* Dec. 76 Dec. 10 29 108* 10 105* 2 21 15 13 21 5 12 101 Nov. Mar. 31 96 June Mar. 29 108* Dec. 93 Mar >31 105* Dec. 106* Apr. Jan. 1 109 104* Dec. 21 108* May 99 1 28 17 17 10 13 78* Mar. 31 94* 82* Mar. 31 96* 110* Dec. 2l 113* 65 May 4 79 4 Oct. 17 Mar. 1 Feb. 11 40 Sept. 27 61 104* June 8 108 86 Aug. 17 100 18* Sept. 28 22 48 Jan. 27 69* Feb. 26 Feb. 2 Jan. 11 Aug. Co 640.000 517.000 Potomac Edison 5a 132,000 4*a aeries F ill"" Sale" 98 91 E.1956 1961 191,000 Potrero Sugar 7s stampedl947 136,000 Power Corp of Can 4*a B 1959 89,000 'Prussian Elec 6a_. 1954 ...... 57 105 60 106 96* 100 20* 25 50 60 107 110 107* 110 56 59 99* 100* 21 30 54 58 106 99 100 20 23 50 51 107* 105 106 63* Sale 97* 18* 63* 50 Dec. 23 105* Dec. 99 96 23* 64* 63 19 55 Dec. Dec. 2 99* Dec. 20* Dec. 65 Dec, 8 8 106 Dec. 20 Dec. 28 Dec. 21 107* 108 7 108 107* 108 107* Dec. 109 111 109 Dec. 6 109* 109* .109 Sale 41 41 39 Dec. 23 40* 44* 102 103 * 100* 102* 20 25 23 19* 21* Dec. 22* 8 8 2 Dec. Apr. 21 July 22 105* Apr. 1 108* Sept. 8 Apr. 4 109* Dec. 22 23 65 Jan. 18 Sept. 27 98* June 28 104* Nov. 3 20* Jan. 31 22* May 11 Dec. 107 Dec. Dec. Pub Service Co of N J— 115,000 "5", 000 1,030,000 i% perpetual certificates.. 282,000 Pub Serv of Nor 111 4*8 D 1978 42,000 89,000 184,000 56,000 85,000 353,000 4*s series E 1980 1,166,000 4*a aeries F—....—1981 730,000 Pub Serf of Okla 4a...... 1966 2,489,000 Puget Sound P 8c L 5*8.1949 5s aeries C 780,000 ......1950 1,523,000 4*s aeries D —1950 30.000 367,000 Queens Boro G 8c E 5*8.1952 22,000 1,000 91,000 ♦Ruhr Gas Co 6*s 1953 53,000 ♦Ruhr Housing 6*s A...1958 21,000 123,000 525,000 {♦St Louis Gaa 8c Coke 6a. *47 691,000 Safe Harbor Water Pr 4*s '79 592,000 San Ant Pub Serv 5s B—1958 11,000 San Joaquin L 8c P 6s B 1952 130 Sale 145* 146* rl48 Sale 146* Dec. 148* Dec. 22 103* Sale 103* 105 102* Sale 100* Sale 66* Sale 62 60* 84 26* 21* 67 Sale 85* Sale 26* 12 10* 108* 109* 102* 103* 128* 59.000 98,000 77",666 13,000 18,000 23,000 27.000 241,000 121,000 47,000 121,000 30,000 6s 1937 104,000 198,000 ♦Schulte Real Estate 6s..1951 712,000 Scripps (E W) Co 5*8—1943 26 553,000 Scullln Steel Co 3s......1951 1948 107* 54,000 Serval Inc 5s 924.000 Shawlnigan W 8c P 4* a 1967 104 320.0001 4*8 aeries B... 1968 103* 392,000 4*s series D -.1970 1103* 211,000 Sheridan Wyo Coal 6s 1947 59 320.000 Sou Carolina Power 5s._ 1957 2.761,000 2,173,000 740,000 1.402,000 576.000 Southeast P 8c L 6s 2025 Sou Calif Ed 3*a May 11960 3* a series B July 11960 Debentures 3*s 1945 1st 8c ref mtge 4a......1960 28 22* Sale 100 101 Sale Sale Sale 62 75 Dec. 28 64* 66 64 Dec. 28 75 Dec. 3 64 31 35 32 34* Dec. 2 25* Feb. 25 23 Dec. 22 Dec. 6 Dec. 6 21 77* 17* Sale 106 Sale 28 28 16* 17* 16* Dec. 28 17* Dec.,, 1 108* 109* 105* Dec. 1 108* Dec. 22 131 130* 25 32 22* 24* Dec. 20 31 28* 30* 7 29* 29* Dec. 101* 101* 101* 101* 100* Dec. 28 Sale 64 61 Dec. 2 63* Sale 107 107* 104* i05~~ 104 104* 103* Dec. 14 103* 104* 103* 104* 103* Dec. 12 Sale 104* 104* 104 103* Dec. 10 73 Sale 73 76* 84* 72 Dec. 10 25* Dec. 30* Dec. 101* Dec. 65 Dec. 104* Dec. 104* Dec. 104* Dec. 74 Dec. 84* Dec. 95 Dec. 109* Dec. 109* Dec. 105 Dec. Ill* Dec. 73* 76* 94* Sale 104* Sale 104* Sale 106* Sale 108* 109 84* 83* 85* 94 Sale 94* Sale 108* Sale 108* Sale 108* 109* 108* Sale Sale 105 104* Sale 111* 111* 110* 111* 9 82* Dec. 90* Dec. 14 9 107* Dec. 105) 56) 88) 94) 76) 105* 105* 104* 104* 47 Sale 43 45* 102* Sale 103* 103* 103* 103* 103* Sale 81 83* 81* 83 104 104* Sale 104* 104* Dec. 15 105* Dec. 44 Dec. 30 49 Dec. 1 103* Dec. 102* Dec. 1 103* Dec. 103* Dec. 5 80* Dec. 84* Dec. 104 Dec. 15 104* Dec. 108 104 Dec. 13 Dec. 29 110* Dec. 16 7 2 2 22 5 24 21 23 1 3 62,000 15,000 27,000 654.000 of California 4*8.._..1968 599,000 453,000 629,000 344,000 269.000 Southern Indiana Ry 4s. 1951 S'western Assoc Tel 5a A. 1961 Southwestern L 8c P 5a.. 1957 Southwestern P 8c L 6a _ .2022 S'western Pub Serv 6s A. 1945 102 106* 57 92 95* 79* 105* 5 14 28 29 20 2 78 9* 105* 102* 128* 1 Mar. 24 71* 102* 102* 101* 106* 14 17 93* Jan. 14 35 Nov. 10 28* Aug. 31 18* Apr. Dec. 110* Jan. 10 105* Feb. 23 131* 30 24* July 21 * Jan. 96* Apr. 38* Apr. 106* Apr. 100 Sept. 100 Sept. 99 Sept. 53* Sept. 70 Oct. 77* Oct. Jan. Southern Counties Gaa 33,000 34,000 87,000 148* Dec. 22 105 July 8 104* May 5 105 July 9 8 107* Dec. Oct. 17 53 33 ♦Saxon Public Works— 38,000 7,000 130 Jan. Sept. 101* Apr. 101 Sept. 98* Mar. 60* Mar. 59 Apr. 101 102%102 23J2 102* 103* 10217i2Dec. 21 1021782Dec. 21 102% Sale 1 102* 103 3i2 102* Dec. 16 102% Dec. 106 Dec. 12 107* Dec. 106* 108 106* Sale 8 76 76* Sale 75* 73* Dec. 28 78* Dec. 10 74 Sale 73 70* Dec. 28 74* Dec. 12 11* Sale 69 72* Sale 8 66* Dec. 28 73* Dec. Oct. Mar. 27 5 May 24 July 7 Nov. 12 31* July 29 • Aug. 10 103 71 Nov. 9 107* Aug. 106* Nov. 106* Nov. 2 106 74 Mar. 2 3 Nov. 12 Dec. 22 Nov. 9 Mar. Sept. Sept. 86* 97* 109* 109* Nov. 7 Dec. 21 Apr. Apr. 107 Mar. 111* Dec. Dec. 23 2 3 103* Apr. 21 106* Mar. 2 35* Apr. 23 56* Jan. 13 85 9 103* Dec. 28 Feb. 93 Apr. 8 104* Nov. 9 89 Nov. 2 55* Mar. 31 93 Mar. 31 105* Jan. 14 {♦Standard Gas 8c Elec— 327,000 202,000 372.000 23,000 115,000 16,000 ■687,000 64,000 18,000 17,000 92,000 1,337,000 902,000 6s stamped 1948 68 cony stamped......1948 6s 1951 2,822,000 6s gold debs ........1957 95,000 6s 1966 1,630,000 1939 404,000 Standard Invest 5*s._ 4.161,000 {Stand Power 8c Lt 6s.__1957 1,717,000 ♦Stai-rett Corp 5s........1950 Stlnnes (Hugo) Indus— 7s 2d stamped.........1940 183,000 7s 2d stamped 343,000 1946 301,000 Super Power of 111 4*8..1970 4*s 1968 400.000 1,637,000 fenn Elec Power 5a 1956 51* Sale 6*8 series A .....1953 497,000 3,512.000 Texas Elec Service 5s....1960 4,544,000 Texas Power 8c Lt 5s.....1956 6s 2022 155,000 582,000 Tide Water Power 5s A...1979 2,379,000 Twin City Rap Tr 5*a A.1952 Ulen 8c 116,000 20,000 Sale 60* 59* 59* Sale Sale 62*; 63 60 Sale 85* 62* 30* 60 Sale 32 33 Sale Sale 62 Sale 62* Sale 69 69* 482 Sale 22 Sale 42 39 Sale 105 Sale 78 58 98 103 94 63 88 Sale 31* 85* 59* 87 ...1950 4s 1949 117,000 7,000 Without warrants.... 350,000 58,000 ♦United Indus 6*a... 1941 ♦1st 6s ..1945 67,000 78",000 79* Sale Sale Dec. 15 Dec. 2 50 90* Sale 55 59* 98* Sale 97 101 89 Sale Sale Sale 56* Sale 36* 113* 53 * Sale 116 117 56 60 24* 35 26 25 26 57* 89* 91* 51* Sale 98* Sale 103 Sale 99* 100 87* 51* 87* Dec. 49* 96* 102* 99* 87 87 50* 50 12 91* Dec. 1 46* Sept. 14 47 Sept. 26 37* Mar. 30 53* Oct. 6 36* Mar. 31 54 36 Apr. 5 Mar. 31 18* Mar. 30 63* Nov. 10 63* Nov. 12 64 63 40 Sept. 27 60) 36 Sept. 28 55) 103* Apr. 4 107) 103% Nov. 17 106) 65* Feb. 15 Nov. 10 Nov. 18 63* Nov. (10 86 Dec. 30 63* Nov. 28 37* Oct. 6 95 Nov? 9 Nov. 4 Aug. 17 Oct. 5 Oct. 17 35* Sept. 27 61* Nov. 14 82* Mar. 30 100* Jan. 11 94 Mar. 25 104* May 7 90* Mar. 22 101* Aug. 25 75* Apr. 5 89* Nov. 28 44 Mar. 29 65* July 2 Dec. 30 57* Dec. Dec. Dec. 20 99 5 103* Dec. Dec. Dec. Dec. 29 101 Dec. 28 89* Dec. Dec. 27 56* Dec. r51 Sale 116* 117 "28* 66 69* 232,000 Utah Power 8c Light 4*sl944 6s series A 382.000 2022 81 82* 1,166,000 Virginia Pub Ser 5*8 A..1946 87 Sale 93* Sale 78 Sale 83 84 Sale United Lt 8c Rys 6s aeries A 5*s Deb 6s series A 6s.,. .1946 73* 73* Sale 78 76 73 106 49* Dec. 16 53* Dec. 8 116* Dec. 19 116* Dec. 29 Sale Sale 51 57 50 25 61 1973 1975 1959 28 25* Dec. 22 28* 26 25 \\* Sale Sale 75 71 Sale Sale 80* Sale 112* 112* 112* 71 72 73* 93* 94* 82 88 86* Sale Sale 91* Sale 89 Sale 82 Sale 82 87* Sale 85 Sale 94 83 Dec. 27 Dec. 20 Dec. 7 Dec. 14 5s series B ..... 1950 87* 57* Dec. 26* Dec. 26 ?SH 102* Dec. 28 106 76 Dec. 21 80* 2 113 112* Dec. 71 Dec. 31 72* 90* Dec. 22 93* 80 Dec. 27 86* Dec. 28 Dec. 27 68 registered.'......... 1946 53. 2 60 103 84* 62* Sale Dec. 30 14 7 Sale 80 3 2 Dec. 59 Dec. 2 62* Dec. 47* Dec. 28 Sale 1974 Deb 6s 5*s see page 86 2 2 34 61 Sale 83* Dec. 15 57* Dec. 13 2 31* Dec. 49 76 For footnotes 10 48 105 622.000 10 60 1952 1,000 Dec. Dec. 58 51 1952 232,000 59 61 Sale 1,446,000 783,000 232,000 10 50 ft* 8* 538.000 United Lt 8c Pow 6*s 512.000 Dec. Dec. Dec. Dec. Dec. Dec. Company— 6s 4th stamped 754,000 156,000 United Elec of N J 1,449,000 58 62* 63* 62* 52* 62* 103* 104* 103* 104* United Elec Service 7s...1956 20,000 12,000 7.000 37,000 104,000 45,000 125,000 39,000 7,000 31,000 67,000 58* Dec. 13 58* Dec. 28 58 42 105 Terni Hydro-Electric Co— 30.000 347,000 372,000 19,000 67,000 178,000 60 62* 62* 85* Dec. 5 2 9 Dec. 20 Dec. 31 Dec. 30 Dec. 1 Dec. 1 Dec. 19 Dec. Dec. Dec. Mar. 30 56 Oct. 24 42 24 23 Sept. 63 Feb. Jan. 28 30 Nov. 12 Nov. 15 Nov. 5 82* July 22 80* July 21 57* Apr. 56 Mar. 94* Feb. 64* Feb. 107 Nov. 15 83* Oct. 17 Feb. 113 Dec. 19 6 53* Jan. 80 July 19 6 75 64 2 93* Dec. 6 83* Dec. 14 87* Dec. 30 112* Apr. 12 116* Dec. 29 6 96 Feb. Feb. 94* Nov. 21 87* Nov. 28 75 Apr. 65 Apr. 12 1 95 Nov. 18 86* July 25 72* May 12 89* Nov. 23 In December new tore curb exchange 12 Months 1938 Bid 1954 1,310,000 132,000 1,308,000 Wash Ry & klec 4s.. Wash Water Power 5s 44,000 79,000 11,000 882,000 27,000 1,153,000 13 Western Newspaper Union— Coot deb 6s 1944 61,000 25,000 53,000 Ask Ask Bid Bid 31 Lowest Highest Lowest Highest Sale Prices Ask Sale Prices Sale Prices Sale Prices Corp— ♦5s Income deb 156,000 7,000 54,000 1,000 Dec. Dec. 1 1938 Waldorf Astoria YEAR 1938 Price Jan. 3 BONDS (Concluded)— 31,000 303,000 RANGE FOR PRICES IN DECEMBER SALES AGGREGATE 53 new york curb exchange Jan., 1939] 21% 106% Sale 108 1960 105% 106 105% Sale ..2030 614,000 West Penn Elec 5s 333,000 West Penn Traction 5a..1960 Utll 5s a 1957 714,000 West United g 5c e s%s a 55 60,000 Wheeling Elec Co 5s 1941 512,000 Wis Minn Lt 5c Pow 5s... 1944 1966 1,692,000 Wisconsin p 5c l 4s a Sale 104% Sale 4,137,000 West Texas 1,387,000 Yadkin River Power 496,000 *♦ York Rys Co 5s 5 s stamped 297,000 15 1951 Sale 59% 21 Sale Sale 19 108% 107% 110 105% 107 Sale 58 60% 105 Sale 110% 112 99% Sale 105 105% 104% 111 60 1937 1947 Sale 104 88 102 91 96 87 16 22% Dec. 1 6 108% Dec. 20 2 105% Dec. 16 56 104 Dec. 12 60% 105 ■a Dec. 22 105% 6 111 112 110% Dec Sale 98% Dec. 13 101% 7 105 105 104% Dec. 106 Dec. 12 106 107% 106% Dec. 16 107 101% 104% 106 106% 107 107% 106% 100% Sale 99% Sale 5s.. 1941 Dec. 107% Dec. 105% Dec. 99% Dec. 102% 102% Dec. 2 1 Dec. Dec. Dec. 19 Dec. 30 Dec. 5 Dec. 12 Dec. 6 1 100% Dec. 31 9 104 1 Dec. Dec. 13 Dec. 14 90% Dec. 89 Dec. 26 30 30 30 1 25% Dec. 25% Dec. 20 25% Dec. 8% 8% 8% 15 15 15 6 7% Dec. 7% Dec. 12 7 15 87% 87% 90 89 25% 26% 24% 24% . 87 86 . 8 2 12% Mar. 31 26 106% June 28 109 99% Apr. 2 106 32 97 96 June Feb. Mar. 66 105 103 Apr. 106 June 105Ml Jan. 86% Apr. Feb. Jan. 13 Oct. 21 Dec. 1 111 Dec. 19 101% Dec. 30 105% July 23 108 May 13 74% Mar. 96 July 18 July 20 108 Nov. 17 101 Nov. 3 14 105% Jan. 8 94% Nov. 2 94 Oct. 27 58% Apr. 14 May 27 72 foreign government and municipal Agrlcul Mtge Bk Rep of Col— 20,000 3,000 131,000 132,000 1,000 10,000 ♦20-year 7s.....Jan 15 1946 ♦20-year 7s Jan 15 1947 ♦7s ctfs of deposit 1947 6s certifs of deposit 1947 Antioquia (Dept) Colombia— ♦7s a ctfs of dep ....1945 ♦7s b ctfs of deposit...1945 ♦7s d ctfs of dep 1945 ♦7s 1st ser ctfs of dep..1957 ♦78 2d ser ctfs of dep.. 1957 10.000 6,000 1,000 4,000 2,000 ♦7s 3d series ctf of dep. 1957 11,000 67,000 ♦Badsn (Germany) 7s... .1951 1,000 1,000 1,000 9,000 12 12 20 23 25% Sale 25% 30 30 24 24 30 6% 6% 6% 5% 5% 5% 21 Sale 11% 11% 11% 9% 9% 9% 7 17% Jan. 24 Jan. 24 Aug. 26 Nov. 28 24 7% Dec. 6 7% Dec. 12 15 7 15 18 25 18 1 Dec. 28 20 24 26 30 18 10% Dec. 7 7% 7% 6% 7 Oct. 25% Dec. 1 Oct. 24 Aug. 20 Nov. 28 26 24 24 21 7% Oct, 8% Aug. 7% Oct. 7 Aug. 7 Aug. 7% Dec. 21% Feb. 12 18 Oct. 26 Aug. 24 July 5 Sept. 13 Dec. Oct. 24 1 18 24 24 17 5 7% Dec. 17 19% Dec. 8 10% Dec. 1 10% Dec. 1 9% Oct. Dec. 6 18 10% Dec. 7% Dec. 21 9% Oct. 21 Bogota, City of (Colombia)— 8s ctfs of 1,000 1,000 10% Sale 11% 20 9 14 11% 20 9 deposit....-.1945 1 15 12 11 20 24 40 24 24 40 24% Dec. 28 1 Caldas (Columbia)— ♦7hl ctfs of dep..-i—1946 1,000 ♦Gnucs Valley 43,000 2,000 363,000 8,000 (Ueptqf) Rep of Colombia extl ♦7s ctfs of s f 7am, .1948 6% 7% dep....1948 13% 10 Dec. 9% Dec. 3 9 Dec. 16 9% Dec. 9 12 6% Apr. 6 8% Sept. 15 12 Dec. 16 10 Oct. 28 22% Feb. 11 Sept. 23 27 Jan. 28 Mar. 7 8 ♦Cent Bk of German state & 26,000 12,000 58,000 10,000 12,000 51,000 43,000 29,000 18,000 15,000 27,000 92,000 20,000 11,000 "5",666 10,000 35,000 29,000 32,000 40,000 81,000 112,000 5,000 47,000 17,000 ♦ n a r 104,000 91,000 Pro* Banks 6s b...\.1951 ♦6s a ....1952 Colombia (Republic of)— ♦6s ctfs of dep (a & o) .1961 2,000 ♦6s ctfs of dep (j & j).. 1961 5,000 401,000 Danish Cons Munlc 5 ms. 1955 5a 1953 189,000 Danslg p 5c Wafway bd external s f 0%s 193,000 ...1952 376,000 ♦German Cons Munfc 7s. 1947 ♦6s 1947 345,000 149,000 ♦Hanover (City) Ger 7s.. 1939 102,000 ♦Hanover (Prov) cm* 1949 208,000 ♦Lima (City), Peru, 4ms.1958 89,000 ♦Maranhao (State) 7s....1958 246,000 ♦MedelUn.(Colombia) 7s. 1951 6% 8 ctfs of deposit 1954 22,000 473,000 Mendoxa (Prov) Argentina ♦74s stamped......1951 Mtge Bank of Bogota— ♦7s Issue of May 1927 1947 91,000 ♦7s ctfs of dep (May)...1947 4,000 ♦7s issue of Oct 1927 1947 89,000 ♦7s ctfs of dep(Oct.) 15,000 .1947 374,000 •Mtge Bank of Chile 6s. .1931 331,000 Mtge Bank of Denmark Sel972 234,000 ♦Parana (State of). Bras 7s'58 343,000 ♦Rio de Janeiro 4Mb....1959 432,000 ♦Russian Govt 4h>---—1919 ♦5 ms 412,000 1911 25 % 35 25 27% 25% 25% 40 28 17 21% 17 20 100% 101% 100 102% 99% 96% 52 20 % 20 21 22 20% 13 10 7H Ex-dlvldend ♦ a X Reported in receivership. "cod," certificates of deposit, "cons", consolidated. "conv." convertible, "cum," cumulative, "m." mortgage. n-v," non-voting. vtc," voting trust cet tlflcates. "w 1," when issued. *' " 7 18 Dec. 23 Dec. 28 20% Dec. 19% Dec. 1 18 Dec. 18 8 Dec. 28 19 19 Dec. 22 22 Dec. 1 18 18 18 26 18 Dec. 27 5 6 13 12% 10 11% 20 20% Dec. 5 11% Dec. 27 18 11% 6% 10% 7% 79% 9 - Dec. 27 3 10% Dec. Dec. 14 8% Dec. 6 6 23 7 Dec. 10% Dec. 29 77 79 78 24% 25% 24% 25% 30 30 25% Dec. 8 25% Dec. 8 24% 3£% f4% 30 25% Dec. 1 25% Dec. 1 26% 97 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 17 28 96 24% 14% 97% 7% 5% % % Dec. 5 1 78 30 28 25% Sale 14% 99% 7% 6% % % 65 12% 11% Sale 57 28 15 99% 8% Sale 8 5% % % % % 8% 6% % % Sale 58 57 13% 13% 58% Deferred delivery sales, 20 14% 13% Dec. 13% Dec. 25 Dec. 16 14% Dec. 29 28 100 6 8 15 23 ' 23 Dec. 7 Dec. 19 6% Dec. 20 % Dec. 2 % Dec. 22 58% Dec. 13% Dec. 13% Dec. 13 24 5 Nov. 10 4 3 1 23% Oct. 25% Oct. 22% Mar. 7% Jan. 28 7% Sept. 23 Oct. 24 18% Feb. 25 10% Aug. 13 10 Aug. 6 7 80% June 29 9% Apr. 7 Dec. 14 64 Feb. 21 14 Feb. Oct. 8 25% Dec. 24% Sept. 6 16% Jan. Nov. 30 23% Oct. 12% Apr. 96 Apr. 7 Mar. 5% Dec. % Dec. % Dec. Dec. 45 1 Jan. M June 23 Feb. 25 10% Jan. 10% Jan. 20 7 Mar. 14 Mar. Mar. 31 11% Jan. 11% Jan. 16 5 4 8 17 16% July 13 16% June 23 65 Jan. Copper Range Co., Dec. 29 at 5 in which no account is in computing range, are Dec. 14 at 17 given below: is taken in com¬ puting range, are given below: American Laundry Machine, Dec. 29 at 16% Borne Scrymser do., Dec. 30 at 10 Bourjois, Inc., Dec. 30 at 3% which Dec. 12 Aug. 11 59% Mar. 23 Sept. 28 July 9 Aug. 23 Edison Brothers Stores, Dec. 30 at 16% Electric Power Associates, Dec. 29 at 2% Under tberulesales.in which no account Is taken Cash sales, in 78 June 20 24 45 13% Sale 13% 16 Dec. 12 No sales. r Dec. 14% July 9 14% 18% Aug. 23 18% 96% Sept. 27 102 96% Sept. 27 100% 20 22 South West Pa. Pipe Line, n 2 21 18 18 taken in computing range, are given below; General Bronze Corp. 6s 1940, Dec. 7 at 84% Penn.Water & Pow. 5s 1940, Dec. 13 at 104% Abbreviations Used Above: Dec. 24 39 "x-w," without warrants. Bonds being traded flat. 5 6 41% Dec. 21 40% 12% 7 7 166 99% Dec. 97% Dec. 12 98 Abbreviations Used Above: "w w," with warrants. Sold for cash. x 11 Dec. 40% Dec. 22 51 Sale 21% Sale 22 20 8 99% 26 25% Dec 25% 15 11 Sold under the role. Deferred delivery sale, Sale 22 6% 1949 No par value. J21% 65% Sale 57 .1961 30 20% 24 20% Sale Santa Fa (City) Argentina— ♦7s stamped..........1945 92,000 238,000 •Santiago (Chile) 7s ♦7s 103,000 68 19% 25 19% 25 99% 100 97% 99% Dec. 27 no account Empire Power Corp., Dec. 30 at 20% Huyler's of Delaware, com., Dec. 31 at % International Petroleum, reg., Dec. 30 at 27 Koppers Company, pref., Dec. 29 at 68% Lucky Tiger Combination, Dec. 29 at 7-16 Mangel Stores, com., Dec. 29 at 1% McOord Radiator & Mfg. Co., Dec. 29 at 1% Mining Corp. of Canada, Dec. 29 at 1 % New Jersey Zinc, Dec. 29 at 62% Northern Pipe Line, Dec. 30 at 4% Plough Inc., Dec. 30 at 8% Ryerson & Haynes, Inc., Dec. 17 at 1 Taylor Distilling Co., Dec. 31 at 11-16 Tide Water Power 5s A 1979, Dec. 29 at 86% / RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales 1938 December Shares- Jan. 1 to Dec. 31 AGGREGATE -— 1937 al,660,000 10,947,000 879,000 14,239,000 December 12 Months 1938 $ PRICES IN DECEMBER BONDS 1938 1927 Bid 43 1927 Certificates of deposit.. 42 Cat 8c So Chic 5s ctfs.. 165 280 320 1,206 3,430 39,010 21,550 10,200 7,520 2,150 6,310 1,356 1,500 2,000 700 1,900 50 350 1,201 40 250 3,960 10,900 " 1,250 1,900 1,150 800 135 1,000 2,040 4,025 10,700 Chicago Rys 5s ctfs -1927 1958 Com'wealth Ed 3#f 230 500 750 1,450 3,110 850 30,370 3,500 200 4,000 14,526 480 950 1,300 7,650 4# % 500 " 1,250 440 2,022 4,250 4,300 12,400 260 550 1,520 cum conv 600 72,950 5,490 " 1,850 3,825 Adama (J D) Mfg com... * Adams Oil & Gas Co com...* Advanced Alum Castings 5 Aetna Ball Bearing common.! Allied Laboratories com * Allied Products Corp cl A. 25 Common 10 Allis Chalmers Mfg Co 6 Automatic Products Com...5 Automatic Washer com.....3 Aviation Corp (Del) ...3 37# Sale com.. ..* Barber Co (W, H.) com 1 Barlow & Seelig Mfg A com..5 IU 8 9 ,8* 10 12# 7 30 52 4 7# 11 8 491,640 2,800 2,050 100 conv pref * Common capital 1,340 * 30,199 Chrysler Corp common.....5 93,500 Cities Service Co com • New common...........10 21,150 10,850 Club Aluminum Uten Co...* For footnotes Coleman L*p 5c Stove com...* Comm'wealth Edison com..25 Rights (June debs)........ Rights (Sept debs). Rights (w i) _'.i Compressed Ind Gases cap..5 Consolidated Biscuit com... 1 if 10 9# 9# 2# 7# 18 Dec. 9 60 Dec. 6 20 123 Dec. 5 39# Dec. 29 7# Dec. 28 Dec. 8 43# Dec. 15 9 9# Dec. 2 9# Dec. 27 2# Dec. 28 6# Dec. 21 12 11 18# 7# 19# 19 20 29 il* 20 48# 7# Dec. 28 5 44# Dec. 3 20# Dec. 2 8# Sec. 49# Dec. •15 21# Dec. 15 Sale" 12 7 13 2 12# Dec. 19 Dec. 29 Sale 2# 61# 61# Dec. 28 64 3# 8# w* 18 20 7 8^ Sale 5# Sale 7 11 IV* 64 Sale 150 5# Sale Dec. Dec. 146 Dec. Dec. 7 Consolidated Oil Corp..___* 56. Highest Nov. 2 18 27 4 20 20 36# Apr. 120 Oct. Sale Prices 49 Feb. 17 43 Oct. 18 48 Jan. 7 49 Aug. 26 110 July 5 110 Oct. 8 105 July 19 6 June 29 Dec. 6 21 150# Dec. 31 4# Dec. 21 5# Dec. 31 1 2 Mar, 26 Mar. 31 June 10 12# Mar. 31 June 44# Dec. 20# Dec. 6 60# Nov. 17 Aug. 12 6 123 39# Sept. 1 7# Dec. 28 4# Mar. 30 Dec. Dec, 9 3 10# 1 35 10# 1# 37 9 9# H 34# 4# Sale 3# 4# 1# Sale # Sale 11 10# 10# 14 21 6# 8 Sale 7 Sale Sale 8# 3# Sale 12 Sale Sale 19 Sale Sale 6 12 13 11# Sale 22# 8# Sale 8 6 5 Sale Sale 20 31 17 20 Sale 23 13 12# Dec. 12 Sale 8 ,4# 5# 19 20 Sale 16 21 17# 22# 7 M 7 16 Dec. 28 21# Dec. 7# Dec. 4 Dec. 18# Dec. 29# Dec. 8 Dec. Dec. 15 7 Dec. 13# 8# 13 11# 9# Dec. 24 5 1 Dec. 6 Dec. 1 Dec. Dec. 31 Dec. 31 Dec. 30 7 5 Sale 32 6# 7 13# Sale Dec. Dec. 24 4# 3# 1# # 8# 3# 7# Dec. 28 8 5H Sale 30 Sale 36 12 Dec. 29 6 14 7# 5 10# Dec. 1# Dec. 10 3# Dec. 14 1# Dec. 29 # Dec. 14 6 # Dec, 10 8 3# Dec. # 7# 11# 10# Dec. 3 4# 14 8# Sale 22 # Dec. 31 32# Dec. 27 3# 1# 25 12 35 3 # 3 5 11# Sale 6# Sale 5# 6# 17 Sale Sale Dec. Dec. 14 1 Dec. 17 30# Dec. 29 7 5 7 14 28 1 8# Dec. 5# Dec. 19 21 3 5 3 49# 10# 12# 4# it* Nov. 14 Mar. 14 Sept. Jan. Dec. Oct. ,28 19# Aug. 26 Aug. 26 11# 49# Nov. 21 Jan. 35 1 17 Dec. 20# Dec. 27 6 6# Dec. 10 3 3# 7# Sale 20# 22 13# Dec. Nov. 17 Apr. 28 70 130# Sept. 28 150# Dec. 31 Jan. 10 3# Mar. 26 a 2# Sale 9 20 21 14 12 Dec. 23 19 4# 2 Sale 5 Dec. Dec. 30 20# Dec. 10 3 9 17 18 15# Dec. 10 16# Dec. 22 23# 15 5 20# Dec. 5 13# Dec. 63# Dec. 28 23# Dec. 15 14# Dec. 27 69# Dec. 1 95# Sale 30# Sale 3# 4# 11 12 / 30 H Sale 32 15# 34 38# Sale 1 1# 9# Sale 99# 61# Sale 90 i* 2 Sale 36 2 35 14# 73 70 # # 13# 2# # 8# 109 69# 80# Sale 67 36# 19 Sale # Sale # 7 Sale 35 20 Sale # 2 2 Sale # Sale # Dec. 22 # # # 5# 6 6# 6# 4# Dec. 23 1# Sale 1# Dec. 21 1# Sale 1# 101 102 102# 110 101# Dec. 12 103 48 46 45 Dec. 20 52 53# 56 3 4# 1# Dec. 30 3# 4 3# 14 15 Dec. 12 15# 15# Sale 15# 15 13# Dec. 15 15# 15# 14# 17 -m 2 14# 68 6 5 Sale ... 14# Sale # 7# 8# / 69# Dec. 28 # Dec. 22 7 Dec, Dec. Dec. 8* Mar. 30 June 16 Dec. 28 Mar. 30 5 Mar. 31 5 Mar. 25 B* 14 5 6 27 Vi i« 8 2# 2# 20 22# 26 ^ Sell© 7# 2# 19# 27# Sale 23# 35 Sale Sept. 28 14# Sept. 24 # Feb. 9 Apr. 1 9 Mar. 30 41# Mar. 31 14 3# 3# 16c 6 16# 15 Sale 6# 5# 9 6 Sale 8# May 16 6# Jan. 18 Nov. 14 Mar. 15 8 17# Oct. Aug. 5# Jan. 10 July 24# July Dec. 1# Dec. 30 Mar. 30 1 35# Dec. 7 Dec. 9 Mar. 31 20 Aug. 24 1# Jan. 15 25 Jan. 1# July 22 Nov. 17 5# July 1 16# Nov. 18 21# Jan. 17 55 # Feb. 24 # Feb. 28 2# Jan. 11 36 Nov. 15 18# Feb. Dec. 22 80# July 1# Jan. # Mar. 26 # Jan. 14 19 H Oct. # Oct. Jan. # Dec. 21 # Dec. 3 8 Dec. 22 Dec. 70 Dec. 6 3 84# Dec. 15 9 2 23 Dec. 15 13 Dec. Dec. 13 9 5# Dec. 23 9 Dec. 31 10 14# Dec. 27 73# Nov. 17 3 Dec. 7 Dec. 31 111 9 19 15 19 29 # Feb. 24 # June 14 2 Dec. Dec. 25 June 24 12# June 16 69# Dec. 77# Dec. 2# Dec. 20# Dec. 19 12 # Oct. 6 12 22# Jan. 15 25# June 15 ' # Dec. 21 3 # Dec. 13c Sale Dec. 17 7 30# Dec. 29 Dec. Dec. 30 2# Dec. 9 22# Dec. 7 27# Dec. 30 8 15 Dec. 6 27c Dec. 15 6# Dec. 2 9 Dec. 31 # Mar. 14 19 10 8 10 19 5# Mar. 29 10# July 19 Nov. 16 96# Apr. 19 112 June 57# May 27 70 9 63# Sept. 28 88# Nov. 9 Mar. 24 5# Sept. 26 1# Jan. 7 14 22 June 4 Mar. 31 June 24c 14# Sale July 21 July 12 Nov. 9 Nov. 10 Dec. 20c 17 Jan. 14# 11# 13# 13# Apr. 19 7# Dec. 19 10 Dec. Dec. 29 Dec. 30 1 7 June 1 Dec. 14 Mar. 31 # Aug. 22 Sale 2^ 3F* 8 6# 6 8# Dec. 31 3# Dec. 30 3 # June 1 7# July 23 1 Mar. 26 2# Oct. 17 90 Nov. 18 Apr. 28 105 75 109 69# 82# SMe Dec. 29 13 Jan. 7# Dec. 28 6 71 # Dec. 20 # Dec. 20 9 1# Dec. 34# Dec. 12 # # # 110 68 6 12 Dec. i# July 2# Jan. 27 10 17# 13# Mar. 26 June 2 5x4 Oct. 31 1# Mar. 29 dH m June 24 22 69 # 2# June 13 3# Dec. 14 1 5 17 Nov. 10 Nov. 25 22# Nov. 10 16# 47 Jan. June Apr 20 Sept. 14 May 31 1# "i§# "ii"" 10# Dec. 36# Oct. 21 # 1 Dec. 31 Mar. 29 Mar. 31 Mar. 31 9 7# Dec. 16# Dec. 15 1 2# Dec, 6# Dec. 27* 36 Apr. 12# Mar. 29 8# 2# 19 45 14 25 Sale 3 14 Nov. 18 33# Dec. 16 18 Dec. 9 22# Dec. 14 5 .... see page 10 18# 10 Sale Partic certificates I....100 Part certificates **2".. ..100 Part certificates ser "3". 100 Chic Rivet 5c Machine cap..4 57# Dec. 120 Sale 3# Sale 7# Common.................* 570 Participation preferred * 376,100 Chic Corp common.. ..1 Preferred » 42,990 200 Chicago Electric Mfg A • 46,500 Chicago Flexible Shaft com.5 11,285 Chicago 5c N W Ry com..100 Chicago Rys— 58 130 57 7 VA 2H * 9,550 Chain Belt Co com......__.* 4,300 Cherry Burrell Corp com___5 Chic City Ac Con Ry—• 1,030 489,870 1,231,100 901,917 777,140 27,080 47,350 100 tg Sale Sale 33 S 900 77,800 Lowest Sale Prices 47 Feb. 4 43 Oct. 18 June 13 \H 5 Cant IU Secur Corp-— Common 15,850 j Convertible preferred.. 13,940 * 184,701 Central S W Util com 50c Prior lien preferred.... 7,000 * Preferred ♦ 9,810 5,860 Central States Pr 5c Lt pref.* 8# 9# 63 148 5# Sale 61 130 49 47 20 60 10 18 561 550 110 16 8# 35 * 60 3,100 5* 3# Sale 1 — Campbell Wyant & Cannon 2,860 Foundry capital * 1,050 Canal Const Co conv pref • 14,800 Castle 8c Co (A M) common. 10 3,550 Cent Cold Storage Co com.20 19,902 Central 111 Pub Serv pref...* 920 Chicago Towel Co 58# 46 tAviation & Transport cap.l 16,860 Burd Piston Ring com......l 135,865 Butler Bros common .10 17,322 5% convertible preferred 30 3,710 Sale Prices 9 * common 90 30 260 3,753 Highest Sale Prices 41# July July 106# Nov.. 104# July 5# July * 5,650 Brown Fence 8c Wire cl A 12,550 Common 45,200 Bruce Co (B L) com 50 Bucyrus-Monighan cl A """§60 Lowest Ask 41 100 Bastlan-Blesslng Co com _* Belden Mfg Co common....10 850 Belmont Radio Corp...... * 221,502 Bendlz Aviation Corp com..5 45,500 Berghoff Brewing Co 1 5,800 Binks Mfg Co capital ...1 34,550 Bliss & Laughlin Inc com ..5 188,802 Borg-Warner Corp common. 5 2,300 Brack 8c Sons (B J) capital..* 100 31 106 Acme Steel Co common....25 9,600 220 YEAR 1938 par. pref 680 Backstay Welt Co 1,200 Dec. Ask Bid 45 47 44 250 Bunte Bros common.......10 1,750 12,400 3,070 Bid 1968 1938 Laboratories com...* 135 Auburn Auto Co 2,250 5,950 20,650 27,010 Dec. 1 Ask 48 Stamped 3#s series I Met W Side El 1st 4s 250 Altorfer Bros conv pref.....* 4,720 American Pub Serv pref..100 19,893 Amer Tel & Tel Co capital. 100 136,029 Armour 8c Co common.. 5 50 $6 prior preferred * 7,640 Aro Equipment Corp com...l 25,850 Asbestos Mfg Co com 1 10,160 Associates Invest Go com...* 11,900 Athey Truss Wheel capital.. 4 7,250 7,610 11,090 80,650 RANGE FOR Chicago City Ry 5s 29,831 Abbott 60 $7,000 46,000 $221,600 Jan. 3 STOCKS 2,725 1937 Price S 6,000 1,000 14,000 53,000 54,100 83,600 4,000 3,000 1938 Jan. 1 to Dec. 31-— CHICAGO SALES STOCK EXCHANGE In Bond Sales December-. Aug. 25 14c 12 Nov. 28 9 Dec. 31 8 May 5 3# Mar. 30 2 Jan. 3 10# May 10 2# Nov. 30 30 Jan. 12 May 11 1 Aug. 25 Nov. 23 Jan. 12 7# Aug. 26 9 Dec. 31 28 46c 27c 17c 25 June CHICAGO JAN., 1939] AGGREGATE SALES December Share* ' 390 760 1,365 239 STOCKS * 5,870 2,530 2,940 9,977 < 1,891 < 1,460 1,200 540 950 Ask V t c 8 pref part shares....50 I 18 Com part sht * t c A—50 Common part shs ▼ t c B..* 14 X 1,335 1,350 160 15 Sale 12 26 12 2X 40 28 500 1,250 2,000 6,400 2,750 Highest Sale Price* 6X 2X X 13% 24% 11 22 JH 50 75 18 X 23 IX 14 16 X 2 1 Dec. 27 15X Sale 16% Dec. 13 1% Dec. 8 15% Dec. 31 15 Dec. 55% Dec. 31 1 (Alf) Ac Cohn— ......-10 Pref erred 100 Common 3H 26 20 2% 27 X 11 14 Sale 2 2% Dec. 1% Dec. 29 7,150 6,300 8,830 25,150 14,450 15" "16" 35 14 31 * Class A 12 19% Sale 16% 3% 23 22 850 2,800 20 21 Sale 18 5 4 Dec. 21 8X 8 Dec. 28 11% "l2X 31 31X 8- 10 16 3% 21X 4 Sale X WA ilv* 2?* 17,150 9,800 Sale 43% 7 6% • 10 X Sale 4% 12 X 3% 9% 12 35 8X 15% 19% Dec. 11% 32% 7% 13% Sale Sale S3 537 — ~ pref. cum conx 130 850 9,900 8,912 1,050 5,210 28,500 8,750 2,109 60 810 1,500 250 2,450 1,400 3,850 720 «■» «. — «*. 300 2 2X 14 Sale 59 Dec. Dec. Dec. Dec. 23 14 16 28 9 19% Dec. 27 15 26 11X 3X 13 11 11 J* X Sale 2% 21% Sale l "7X I 100 !* Sale 13 6% Hamilton Mfg cl A part pf HarnlachfeOer 6 7 Co 10 com 10 Corp com..10 Heileman Brew CoGcap__.l Hibb Spencer Bartlett Inc com.25 * common Hormel Ac Co (Geo) com A..* 6% 4% 8 Sale 5 24 42 X ..... 16 Sale 16 17 X ..... Sale 40 X Sale 7X 30 5% 4% Hall Printing Horders 21 5 % 25% 6% 43% 6 19 J* Dec. 3% Dec. 21 % Dec. 23 21 Jan. 43% Dec. 31 10% 3% 9% 1% 11% Dec. 1 Dec. Dec. 22 Dec. ~ Dec. 14 12% Dec. 29 28 33% Nov. 28 4 4% Apr. 3% Dec. Dec. 20 10% Dec. 12 2% Dec. 21 Sale Sale 6% 19X 11% Dec. 2% Dec. 37% Dec. % Dec. 20 29 17 12 47% Dec. 9 6% Dec. 13 14 11% 3% 39% % 50% 7 1% Mar. 28 Dec. 31 10 Dec. 20 Dec. Dec. 29 Dec. Dec. 15 Dec. 2 13 X 32 X Sale Sale 12 13 12 Dec. 29 37% Sale 32 Dec. 11 m Sale 10 X 26% 10 Dec. 27 Sale Sale 12X 3X 20 24 6 17 12 9 13 1 17 Feb. Jan. 12 Dec. 29 13% Dec. 38% Dec. 29 11% Dec. 22% Sept. 26 24% Dec. 27 12% Mar. 29 10% Dec. 27 6% Dec. 13 7% Dec. 14 26% Dec. 28 12% Dec. 4% Dec. 5% Dec. 6% Dec. 8% Dec. 26%,- Dec. 35% Dec. 13 37% Dec. 24 23% Dec. 9 24 Dec. 5 17 Dec. 30 11 7 4 Dec. 19 4 7 5 Dec. 2 5 5% 8X 7 May May June Dec. Dec. Dec. Dec. 12 33 Sale 5X 5 5X 6% 7 7% 8 24% 26% Mar. 26 47% 8% 2% 37% % 47% 6% 32 28 11X 4% Mar. 23 8 Dec. Mar. 31 6 31 5 28 3 Mar. 30 Mar. 28 5 Sept. 14 5% Jan. 17 28 37X 11X 39X UX Sale 24 35% 11X 23X 37 11X 24 X 1 27 4 Mar. 30 20 Mar; 5 Mar. 30 18 24 Feb. 6% 8% 16% 34% 14% 1 24 30 31 29 Mar. 28 15 1 34% Dec. 33 24X Aug. Oct. Jan. Dec. 20 9% Oct. 29 May 7% Mar. 10% Mar. 2% Mar. Dec. 16 Dec. 27 3 16 Sept. 17 July 8 3% June 9 8 Dec. 28 8% Dec. 14 12% Dec. 15 34% Dec. 34% Sept. 10 11 May 26 16% Jan. 7 82,628 Class B 6,800 Hubbell, Harrey, Inc 74,607 Hupp Motors com 700 6,647 24,060 4,100 5,586 ^ ^ — 5,100 Sale 11 IX Sale 10 Illinois Brick Co 5% Sale pref.100 ▼ t c 6 * 5X * Internat Harvester com 50 12,650 2,150 20 1,050 3,400 6,700 620 550 2,500 350 2,550 58,000 12,100 15,150 7,450 980 1,810 1,110 1,500 1,360 250 6% Sale 15X ' 20% 4% 87 X 60 X Jan. 16 8* July 2 23% 38% 11% 27% Jan. Dec. 11 29 Oct. 2t Oct. 31 13% 6% 8% 7% 8% 26% Nov. Jan. June Apr. Nov. Dec. 15 20 30 25 9 2&. 24 Nov. 14 45% Feb. 18. 14 Jan. 10 Dec. 24 18 Dec. 28 45 41 Dec. 28 41 Sale Sale 10 Sale 7% 3X X 2% 33 3K X 2% 3X 8X Sale Sale * 14,250 Loudon Packing common 2,900 Lynch Corp common * 5 31 3,770 McCord Rad At Mfg "A". 1,220 McQuay-NorrisMfg com 1,300 McWilllam Dredge com, * * 34,200 Manhatt-Dearborn Corp com* 810 Mapes Cons Mfg capital....* 238,298 80,500 2,210 Marshall Field Ac Co com Mer At Mfrs Sec cl A com * 1 Prior preferred * 100 Metrop Indust allot ctfs 70,815 Mickelberry's Food Prod coml 437,300 Middle West Corp capital...5 146,200 Stock purchase warrants 35,240 Midland United Co com * Convertible preferred 43,060 * 4,910 Midland Utll 5% pr lien..100 8,440 7% prior Hen 100 2,350 7% preferred A 100 2,810 6% preferred A 100 5,770 Miller Ac Hart Inc conv pref.* 2,850 Minneapolis Brew Co com .1 Sale 9 27 X 17 X 16 :;;h T 7H Sale 3X Sale 20 30 2K 18X 3 X 18 22 12% 5X 7 6% 4% 29% 1% 9% 19% 18% oly* 33 33 27 2% 21 25 4 ::::: % 2% 29 40 \ % 7% 6X * com 4 75 common Oil Ref Co Sale Sale 7% 25 Sale 2% Dec. Sale 6 Sale 75 Sale Sale 31% 3 25 7% Sale Sale 30% 2 9% Sale Sale oly 35 5 1 4% 7% 9 800 10 980 Modine Mfg com * Sale 3% Sale 4% % 53 1 30 Dec. 16 2% Dec. 20 Dec. 21 19 6% Dec. 28 5% Dec. 28 3% Dec. 2 Dec. 22 29 1% Dec. 6 9% Dec. 21 Dec. 23 19 18% Dec. 27 Dec. 1 31 23 Dec. 28 7% Dec. 12 26 Dec. 15 Dec. 28 6 % Dec. 10 19 Dec. 2 11 Dec. 9 4% Dec. 29 26 Dec. 28 Sale 1 % Sale % Sale 2% 3 7 7% Monroe Chemical Co com...* Preferred... * 39$ 40% 41 23 20 16 10 22X 31 I 60 Mountain States Power pf.100 — 240 870 Muskegon Mot Spec class'*A"* 12 300 320 3,000 Nachman Sprlngfilled com.* 3,990 National Battery Co pref—* 20 700 National Bond Invest 525 com. 7 2,150 Nat'l Pressure Cooker Co...2 Nat Republic Invest Trust— Cufflul. conv. pref * 100 2,361 7X 11,491 8,790 5 4X Stamped 3X 8 16X 5X IX 1 21X 3X Sale 9X 32X 18X 6X Sale IX 3 Dec. 33 Dec. 5 16 3% Dec. 22 6 lc Dec. Dec. 9 5 2% 15% 6% 5% Dec. 7% 6% 4% 30% Dec. 15 Dec. 1 Dec. 15 Dec. 7 2 Dec. 14 8 9% Dec. 21 20% 19% 1% 33% 9 Dec. 15 Dec. 13 Dec. 2 Dec. 29 Dec. 1 27% Dec. 20 2 % Dec. 1 4% Dec. 31 % Dec. 9 % Dec. 1 Dec. % Dec. % % 3% 7% Dec. 30 Dec. 13 Dec. 1 Dec. 21 400 12,550 6,400 Common stock ..... 10 For footnotes 20 X Sale see page 16% 19 Sale 1 National Union Radio com_.l 170 Nineteen Hundred class B..1 Sale 9 Aug. 2 24 Nov. 14 11 9 July 26 Jan. ll Aug. 1 July 26 3% Apr. 28 Vi '4 Nov. 4 Aug. 17 Nov. 12 2% July July 38 24% Mar. 19 25 5% Mar. 25 Apr. 20 14% Jan. 10 31 Jan. Dec. 28 20 Oct. 18 20 1% Jan. 11 Feb. 22 5 30 26 25 11 1% Mar. 31 4% Mar. 31 Dec. 7 % July 12 Feb. 4 lc 3 11 % Sept. 16 % Oct. 1 21% Oct. 14 14% Nov. 10 6 Oct. 29 Nov. 16 Feb. 7 9 11 4% Oct. 8% Oct. 14 15 Jan. 10 % Jan. 6% July 22 2 2 2 5 May 17 Jan. 19 2% 40% 22% 3% 48 41 Dec. 24 41 Dec. 24 35 11% 14% 14% Dec. 28 16 Dec. 15% Mar. 30 11 Apr. 11 1% Jan. 10 IX Mar. 12 July 18 7% Dec. 21 7% Feb. 23 27% Jan. 12 5 July 26 47% Nov. 22 16% Mar. 21 17 Nov. 16 7 20 Mar. 29 32% Nov. 29 14% Dec. 23 Mar. 22 18% Nov. 15 7% July 7 % Dec. 17 % June 27 6% Mar. 22 1% July 15 % Dec. 2% Dec. 22 21 7 8 31% 14% 4 1% 1 19 Dec. 6 2% Dec. 21 9 32% 15% Dec. 28 22 Dec. 29 3% Dec. 5 1 Dec. 28 8 Dec. 27 32% Dec. 28 16% Dec. 8 5% Dec. 16 % Dec. 17 Dec. 27 20% Dec. 12 Dec. 13 14% Dec. 23 5 5 Sale 1% 18 20 18 % Dec. 10 „L 1 Dec. 1 Nov. 16 Dec. 8 Dec. 22 June 2 Apr. 14 Apr. 1 2% May 6 18 1% Dec. 31 7% Dec. 27 31 % % 2% 2% 5% 4 National Standard— 1,250 13 Nov. 16 33 2 % Mar. 13% Oct. 5% Mar. 2% Mar. 19% Mar. 1 Mar. 1% Mar. 24 3% Feb. 18 20 Dec. 3 Dec. 9 Dec. 29 Dec. 9 Dec. 7 5 Jan. 5 Dec. % 20% 12% 5% Dec. Nov. 21 78 12 Mar. 24 15 4% Dec. 13 22 23 26 July 35% July Mar. Dec. Dec. Dec. 31 7% Dec. 30 Dec. 28 July 81 May 17 27 10 9 Dec. 1 18 Oct. 5% Jan. Apr. 24% 1% 9% 16% 18% July Nov. 14 25 41 Mar. Mar. May Dec. 24 4c X Dec. 3% Dec. % Dec. it* Mar. 3% Dec. 9 16 Sale X 1 Sale 7 20 3% Dec. 30 % Dec. 3 5% 3% % 1% Jan. 26% Dec. 29 Mar. Apr. Mar. June Feb. 20 1 % Sale 1% 21X 30% Dec. 16 6 2 2 19 10 15 94% Nov. 12 Nov. 10 .68 5% Oct. 24 Jan. 7 Feb. Dec. lc Sale 20 X 3% 12 Dec. 250 Minn's-Mollne Pow Imp com.* 7,700 2,350 950 Dec. 10 3% Dec. % Dec. 2% Dec. 17 29 July 69% July 50% Dec. 4% Feb. 2% May 12% May 10% June 15% Mar. 35 May 2% Dec. 5% Mar. 75 Sale Sale ----- 4X Sale 4c X 3X 6X 7 25 4X 6X X Dec. 8% Oct. 111% Oct. Mar. 4 Dec. 28 8 15 Mar. 30 14% Mar. 71% Dec. 20 Sale Sale — Dec. 30 29 8 30 16% Sale % Sale 15% 20% 12% Sale 1 IX 5 65 9 27 25 Dec. 28 4% Dec. 30 85 X 3X X 5X Sale Dec. 30 Dec. 7 Dec. 31 Dec. 17 Sale 41 30 10 22% 4% 93% 61% 21 28X 31 IX 3 9X 10 K 19 X Sale 18K Sale IX IX 518 Liquid Carbonic 6% Dec. 15 26% Dec. 29 21% Dec. 15 2 1 19 9 Nov, 20% Dec. 27 19% Dec. 7 Mar. 15 35 2% Oct.. 4% 18 Sale Dec. Nov. 15 X June ¥i 2% 16% 26% 4 ' 8 15 Dec. 5% Mar. 31 8% Mar. 31 85% Dec. 10 50% Dec. 27 85 3 20% Dec. 16 r 29 Jan. 1 Sale Sale 74 24 22X 4 25 10 Dec. 16 3X 93 X 60% 6% 70 29% 69% 7% 24,110 La Salle Ext Unlv com 5 2,280 Lawbeck Corp 6% cum pfdlOO 14,250 Leath Ac Co common 1,050 Cumulative preferred ..* 7,600 Le Rol Co common ...10 29,523 Llbby, McNeill At Llbby * 28,900 Lincoln Printing Co com * 1,660 $3.50 preferred • 3,750 Lindsay Light & Chem com 10 26,250 Lion 5 12 26 Jan. 39% 2% 50% 8% 15% Oct. 2% Dec. 4% Sale Sale 7X 16X 3X Kingsbury Brewing Co cap.l Preferred 5% Dec. 12 14% Dec. Jan. 12% Dec. 5 3 * 21 22 23% 42 Sale 7X 210 10% Dec. 28 1% Dec. 24 100 20 36 X 600 440 6X 20 X Sale 690 18,378 5,200 Sale Sale 15 220 1,200 10,750 6 X Dec. 14 UX 2X 20 372 . IX • 19.650 Sale Sale 5 * 1,470 Preferred 100 4,610 Kentucky Utll |r cum pref. 50 1,350 6% preferred 100 8,470 Ken-RadTube Ac Lp com A * 23,750 Kerlyn Oil Co common A...5 310 700 200 6 31,360 Kellogg Switchboard com—* 200 370 17 10 X 2X 52,500 Jarvts (W B) Co capital 1 6,150 Jefferson Electric Co com—» 1,750 Joslyn Mfg & Supply Co com 5 38,050 Kats Drug Co com .1 13,100 1,500 1,050 3,476 7,650 Sale Sale 1 120 Interstate Power $7 pref 410 $6 preferred 5,080 Iron Fireman Mfg Co ▼ t c 15X 13 14% 12 28 28 31 17% Oct. 107X 8,859 664 2,082 60 10 9 107 26 7,557 Indiana Steel Prod" com 3,252 Inland Steel Co capital.. 627 3,700 8% 10 Illinois Central RR com—100 Illinois Nor Utilities 8,650 Indep Pneum Tool 1,350 1 * com. 25 12% Dec. 29 6% Mar. 16 June 7 11 Jan. 11 2 Houdaille-Hershey— 2,373 18 8 25 Nov. 14 Jan. 6 Jan. 18 Dec. 14 Jan. 31 Dec. 24 Jan. 12 Feb. 11 61 Dec. 16 Dec. 21 5 65 7 11% * A 4 10 65 50 X Class 13 X Sale 2% Sale Heln Werner Motor Parts..3 290 Heller (W E) preferred 25 600 Without warrants 100 3% 9X 38 16,250 13,630 Goodyear Tire & Rub com..* 15,550 Gossard Co(HW) com • 94,450 Great Lakes D Ac D com * 2,350 3.647 m 9 4 470 — Sale 57 12 % 55 10 Sale 10 2% 2% 2 10% 46 169,860 9,800 1,339 •» 28 8 2 3 % July Feb. Mar. 23 & Connell Dock A Dredge Co com 200 150 Nov. 10 20 4 34 X 3,350 26,305 200 3% Jan. 17% Oct. 25 Jan. 8 Its Simons 1,250 3,350 2,000 Nov. 16 2% Jan. 12 38% Dec. 15 73 July 18 17% Nov. 9 19 Sale Sale 18 5 8 6 4% ...5 | .... 1,406 700 15 14 28 15 17% Oct. 28% Nov. 14 100 1% Mar. 29 2 11% Dec. 30 21% Dec. 15 150 2,050 July 45 Dec. 10 19 X 20 7,765 5,950 73,340 21,550 816 2 % Feb. 11%/ Sept. 10 Mar. 95 /Aug. 1% Mar. 36% Dec. 45%. Dec. 11% Apr. % Dec. 5% Mar. 38% Dec.v 15 X Dec. 27 Oct. 1% Jan. 36% Dec. 5 45% Dec. 28 15 July Feb. 4 7% Dec. 31 2% Dec. 1 1% Dec. 1 15% Dec. 29 27% Dec. 27 Dec. 15 Dec. 27 Dec. 8 Dec. 8 Dec. 6 •ecker ..... 9,0io 3,847 310 Lowest Sale Prices 38 8 17 35 Sale 8% 17% 2 16 X 360 i 360 as Sale Sale 50 7% 360 i «. - 28 Sale 13 % 5 8,090 - Highest Sale Prices 101X 25 pref Sale 3 IX 16% 37 X | •*— 15X 26 X 26% 5 i 20 430 Sale 98 13 3 Cum class A 7X 2X Sale 25 97% 65 200 " Lowest Sale Prices 31 Ask Sale 96% 100 < 1 ' IS" < 860 ' 1% X ( 7,250 2X 12 c ord Corporation.... < rane Co common 2,700 Ask Bid Bid onsumeraCo— Preferred 14,900 2,125 5,630 16,000 2,380 26,475 Dec. Dec. 1 1938 Bid Par 340 "2,125 Price Jan. 3 Share* 430 YEAR 1938 RANGE FOR PRICES IN DECEMBER CHICAGO STOCK EXCHANGE 12 Months 1938 In 55 EXCHANGE STOCK 13 June 29 Apr. Apr. 2 1 Mar. 24 8% Mar. 17 56* \ \ 7 10% Oct. 27 July 19 1% July 22 9% Mar. 2 25 56 CHICAGO AGGREGATE BALES CHICAGO December 12 Months 1938 Shares Shares STOCKS 1938 Bid 4,800 8,050 53,850 Noblltt-Sparka Ind Inc cap.5 16,850 North American Car com..20 19 40 110 Northern Paper Milla com.* 3,700 North 111 Finance com * 63,300 Northwest Bancorp com * 4,210 Northwest End Co com * 1,950 Nor Weat Utll pr Hen pref.100 5,220 7% preferred —110 10 600 210 320 170 Nunn-Bush Shoe """590 3,134 Omnibus Corp 1.400 50 950 200 30 1,200 450 280 700 3,600 2,600 600 1,450 1,250 4,240 2,800 410 ■700 250 1,950 120 120 "l",44l 30 2,250 3,100 327 •4,895 50 500 ~£,012 ""650 12,350 5,256 3,035 1,950 3,065 1,907 872 Pictorial Pap Pkg com Pines Wlnterfront com. 750 Common 19 105 8 SX SOX 16 X X Sale 25% 2% 2% 7% 6 13 12% 7% 14% Sale 16 40 41% 14% 12% 12% 16% X 30 Highest Lowest Highest Sale Prices Sale Prices Sale Prices 22 Dec. 2 25% Dec. 2% Dec. 7% Dec. Dec. 7 Dec. 12% 6% 14% 40% 12% Dec. 10 Dec. Dec. 29 Dec. 22 Dec. 23 1X IX 17% 15% 6% 25% 14% % 30% 15% 8. 27% 16 % 50 16 4 Sale 7% Dec. 31 16% Dec. 1 41 Dec. 6 14% Dec. 30 15% Dec. 21 18% Dec. 5 12% Dec. 14% Dec. 2 77 70 98 X IX 8 Dec. 20 26% Dec. 13 14% Dec. 28 % Dec. 21 30 Dec. 14 Dec. 5 3 Dec. 28 19 25% Nov. 26 13 Dec. 19 % Dec. 30 30 Dec. 19 15% Dec. 10 4 Dec. 31 Sale 24 Sale 19% Dec. 5 38% Sale 26% 35 Dec. 10 24 25 Dec. 2 Sale 3% % 12% % 10% 9 Dec. Dec. 16 8 Dec. Dec. 28 6 Dec. 29 Dec. 29 1 Dec. 5% Apr. 22 July 18 % Apr. 21 30 Sept. 22 11 Apr. 1 2% Sept. 30 18% Oct. 6 14% Dec. 31 3% X 4 13% IX 16 Sale 1 Sale % Sale 10% % 14% 11 13%, 40 43 IX X IX IX 4 Dec. 24% 2% 26 2% 100 Sale 11% 101% 12 2 Sale Sale 113 148 150 117 150 150 26% 1% % 9% 29 2 % 11% Sale % Dec. 8 * 20% * 26 26% Schwitzer Cummins capital.1 Sears Roebuck 8c. Co com • 11 13 com com Serrick Corp cl B com 20 54 1 23 Common.. ...* !i* 14 * com 16 Sale 1.440 Southw G&E Co 7% pref.100 95 105 420 Southwestern Lt & Pow pfd. * 70 76 Spiegel Inc Common.................1 * com Stand Oil of Ind capital—25 2% 3% Dec. 29 % Dec. 10 16 Dec. 60 Sale 10% 2% 4% ..... 12 Sale 4% ..... 10 com Sunstxand Mach Tool com. 91,060 Swift & Co cap 8tk 34,684 Swift International .5 25 15 Thompson (J R) com.. 25 Trane Co (The) common....2 Union Carbide & Carbon cap* United Air L Transp cap 4,472 U S Gypsum Co 28 26 Sale 14 16 15% Sale 11 10 10% 16% 1% 104% 80 Sale 5% '86 13 2 3% 27 9% 5% 7 9% Sale 16% Sale 22% 23% 4 12% 71 4% 14 73% 5 20 common 7% preferred 75% 80 Sale 2% Sale Sale 2% 17% 1% 104% 85 Sale 2% Dec. 12 19% Dec. 20 7 26% Dec. 2% Dec. 2 "65"" "70"~ Sale 5 6 8% 10 18% Sale 28 Sale 4 14 84% 12% 117% 4% Sale Sale Sale Sale 2% 2% % Sale 1% Sale 14 19 Jan. 6 o 8% 18% 27% it* 89% 13% 20 80 Sale Sale 4 Sale 12% A* Sale 12 Dec. 2 Dec. 5 Dec. 15 5 Dec. 1 Dec. Dec. 15 Dec. 30 Dec. 2 it* iolH Dec. 30 99 Mar. July Mar. May 47% Mar. Dec. 7 11% Dec. 29 1 Dec. 14 11 21 Mar. 30 Jan. 11 8 28 X Jan. 14 8% Mar. 28 9% Dec. 5 13% Mar. 31 Jan. 2 20 June Apr. 21 107 Jan. 18 15% Dec. 29 12% Dec. 8 78 Dec. 6 58 13 Dec. 1 Dec. 21 26% Dec. 10 12 15 12 3 Dec. 2% Dec. 27 8% Dec. 21 June 24 Dec. 15 2 2% Dec. 12% Dec. 30 10 Jan. 7% Mar. 30 1 14 Dec. 2% Mar. 25 26% Dec. 10 10% Apr. 7 2% Dec. 27 8% Sept. 24 4 Mar. 31 2 Dec. 5 15 Sale 27 28% Dec. 7 22% Mar. 30 Sale 1% Dec. 20 3% 12% 83% 11% 103% 172% 1% Dec. Dec. Dec. Dec. Dec. Dec. Dec. % Dec. 1% Dec. 31 4% Dec. Dec. Dec. Dec. Dec. Dec. Dec. % Dec. 1% Dec. 23 114% 1 5 5 15 21 22 1 '90% 13% 113% 172% 2% 2 7% Apr. 26 Mar. 30 Mar. 20 il 8 15 29 7% Sept. 77% June 172% Dec. 27 15 T 2 7 30 Dec. 20 745 Wayne Pump Co capital 1 6,555 Western Union Teleg com. 100 4,937 West'house El & Mfg com..50 5,200 Wieboldt Stores Inc com.. * Cum prior preferred 8,750 Williams Oil-O-Matic 137% 139% 10 12 76 ...* com.. * 3% 4 156 VA Sale o 160 ,0^ 18% 153 1 Sale 155 % Dec. 21 7 16% Dec. 153 49% Sale 48% 51% Sale 30 31 30% 31% 30% 25% Sale 23% 24% 20% 119 120 112 116% Sale 10 8 8% 7% 9% 78 2% 95 3% 78 Dec. 5 1% Dec. 18% Dec. 23 15 155 5 Dec. 5 Dec. Dec. 22 Dec. 53% 30% 25% 5 120% Dec. 29 9 Dec. 29 Dec. 15 5 Dec. 1 Dec. Dec. 15 Dec. 7 90 2% 3 4% 5% 1% 8% Sale 5% 1% 9% 13% 39% 25% 20% 93% 8 June Apr. Sept. Sept. Dec. 8 14% Oct. 3% Jan. 5% Jan. 30 21 Nov. 11 8 15 11 4 Oct. 21 3% June 27 12% Dec. 30 Jan. 17 Jan. 17 15 iS* 20% Nov. 12 29% Oct. 15 30% 124% 12% 79% Sept. Dec. 73% Mar. 2% Dec. Oct. Oct. July July 19 21 Nov. 12 Nov. 14 Oct. 13 Dec. 15 28 June 28 Feb. 25 18% Sept. 2 37% Feb. 18 July 6 20% Jan. 11 160 Sept. 7 54% Oct. 13 33% Oct. 24 Dec. 126 Nov. 10 July Jan. IX 17% 80 ? Mar. Mar. Preferred 10,350 Wahl Co com * 43,398 Walgreen Co com * 3,750 Ward (Montgom) Ac Co cl A.* 21,782 Common * 10 Aug. 9 15% Dec. 29 Mar Dec. 1% 86 5% 17% 90% 13% 114% 172% 63 X Mar. Nov. 12 19% Aug. 24 2% Apr. 18 1 90 Dec. Sale \l» 14 9 14% 28 21 19 Sale 2% Sept. 1 24% July 26 Dec. 2% Dec. 14 1 3% Dec. 28% Dec. 19 4 13% Jan. 79% Oct. 8% Dec. 27 16% Dec. 20 Sale Jan. 25 1 31 25 30 Dec. 6 9 % 18% 15% 6% July 20 July 26 Aug. 6 72 8 Nov. 10 Dec. 15 2in a* Sale Sale 15 Dec. 90 111% Sale 1% 152 Jan. Mar. 13 76 12% a* Dec. 29 Apr. 14 117% Dec. 28 1 25 9% 16% 18% 1% Sale 103% o 22,550 Utility 8c Ind Corp com._.._5 23,860 Convertible preferred....7 1,200 Viking Pump Co common * 5 July 9 20 11 100 Utah Radio Products com..* Dec. 3 Dec. 10 10 29 11% Dec. 75% Dec. 15 1 2% Dec. 26* Dec. 19 10 12 1% Sept. 19 14% Dec. 31 10% July 23 16 Mar. Jan. Dec. 72 12% 2% 3% 28% 9% 28 15 Mar. 20 1 1% Dec. 19% Dec. 20 23 13 Mar. 28% Dec. 15 2% Dec. 6 1 Oct. Jan. 4% Jan. 1% Jan. Mar. 28 26% Dec. 12 1% Dec. 20 % Dec. 20 9% Dec. 20 8% Dec. 27 5 71% Dec. Jan. Apr. 26 16% Aug. 27 9% Jan. 6 18% Oct. 6 Dec. 6 7 117% Dec. Dec. 20 150 Dec. 12% Dec. 4 3 Stewart-Warner Corp com..5 Storkline Fur 25 10 1 com 21% 24% June 25 Sept. May Sept. July 5 1% Dec. Dec. 15% Sale Stein & Co (A) common.._._* Sterling Brewers Inc 23 73 2 common St Louis Nat Stockyards cap » Standard Dredge conv pref20 Standard Gas & Elec 27 10 9 72% Sale 2% Sale 4 Signode Steel Strap Co pf.30 21% 25% 1 29 July Sale 17 40 41 Dec. 99% 2% 19% 8% Dec. 10 27% Feb. 15 Mar. Mar. Apr. Apr. Sale 20 19 Feb. 13% Nov. 28 8% Jan. 15 17% Nov. 25 46 Aug. 23 19% May 10 12 Sept. 14 19% July 25 May 21 82 116 25 3% Oct. 10 Dec. 31 38% Dec. 31 27% Dec. 16 14% 34 24 26 X July Mar. 29 105 Nov. 1 Nov. 16 19% July 25 8 16 Sale 1 1 Mar. 30 1% Apr. 29 6% Sept. 24 10 Oct. 14 5 Mar. 29 8% Mar. 31 18% Apr. 5 8% Mar. 30 10 May 25 13% Sept. 26 8% Dec. 10 26% Dec. 13 Sale 81 Sale 126X 142 17 17 X 99 12 96 2 26% 3% X 12% % 10% 30 IX * 60 9 105 _____ 10 14 13,754 25,910 14,580 9,685 Dec. 21X Bend Lathe Wks cap 5 500 Sou Colo Power A common. 25 13,780 4,300 13,850 14% 4% 13 15 1 17 36 * -13,850 South 1.441 1.140 17,600 33,450 3,955 9,969 1.020 2,800 50 13% 3X .50 com ..............I Slvyer Steel Castings 1938 Sale Prices 14 12% 26 X1 15 5 .... com Sangamo Electric Co YEAR Lowest Ask Rollins Hos Mills— 800 Ross Gear & Tool 5,550 17,950 40,570 28,750 1>610 4,920 1.590 560 ""600 15 'isx * 5% 1st preferred 5% convert 2d pref 96,640' 20 Sale "16% 1 14,972 Quaker Oats Co com • 2,860 Preferred ISO 3,250 Rath Packing Co com 10 22,800 Raytheon Mfg Co com vtc 50c 11.800 6% preferred v tc 5 4,720 Reliance Mfg Co Common. 10 200 Preferred.. ........100 50 1,697 1,565 13% 48 16 5 Poor & Co class B 5,440 Process Corporation 73,060 180 11 8 Perfect Circle (The) Co.....* 100 3,400 9,250 7,800 5,185 Sale 31 100 12,170 Potter Co (The) com.... 1 23,860 Pressed Steel Car common..1 10 7,700 Sale 16 X 41 • ;. Preferred 3,500 4,580 17,934 3,465 10 3.650 6% 12 Pennsylvania RR capital-.50 __ 400 13% 34 10,540 Peoples Gas Lt & Coke caplOO , 7,900 ~12% 10% * Elec A com 130 Pub Serv of Nor 111 50 Common.. 40 Sale 7 7 32 Convertible preferred....* 150 1,040 Sale 2X 14 —* 7,500 Penn Gas Be 100 Sale 22 2% Dec. Ask Bid 100 Common 60 300 2 % 3,500 Parker Pen Co (The) com..10 11,965 Peabody Coal Co B com • .190 6% preferred ..100 7,200 Penn Elec Switch conv A.. 10 "4", 200 3,663 290 700 3,250 780 2,800 5,630 Sale Bid Oshkosh B'Goah Inc— „ 210 v t c com Dec. 1 Ask 2% * com 90 Okla Gas & El 7% pref 650 Ontario Mfg Co com """ioo RANGE FOR Price Jan. 3 Par 400 12,450 EXCHANGE PRICES IN DECEMBER STOCK EXCHANGE In STOCK Aug. 24 Nov. 12 Jan. 15 Feb. 3 July 25 2% Dec. 8 2% Mar. 5 5 1 3% May 27 2% Mar..30 5% Nov. 14 Wisconsin Bankshmres— 11,600 3,200 1,550 1,530 7,525 45,200 20,900 6,600 14,127 216,120 ♦No par value. 4% Sale Common Woodall Indust com 2 Yate8-Ame* Mach cap......5 Yellow Cab Co Inc (Chic)..* Zenith Radio Corp com * t Formerly the Cord Oorp. 5 3 SM 3 bH 10% 13% Sale a Sale 5 9% Sale 19 Sale 20 Sale 4% 4% 1% 8% 17% Dec. 22 2 Dec. 8 Dec. 28 Dec. Dec. 13 Dec. 5% Dec. 28 1% Dec. 23 3 9% Dec. 20 Dec. 11/ TA/v/* 15 Includes 528,300 Commonwealth Edison rights traded during month. 5% Nov. 14 2% July 12% Jan. 25% July x Ex-dividend. 5 12 7 RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock Sales Shares_ 594,502 BALTIMORE STOCK EXCHANGE SALES Bond Sales 1938 Jan. 1 to Dec. 31 .... PRICES IN DECEMBER 1937 $223,900 1,594,700 December 83,509 858,504 91,841 Jan. 1 to Dec. 31... AQQREQATE 1937 1938 December $125,350 1,961,150 RANGE FOR YEAR 1938 Price In 12 Months December 1938 BONDS $ BALTIMORE CITY BONDS— Jan. 3 100 3%» Public Impt Dec. 1 1938 Ask Bid Bid Dec. Ask Bid 31 Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 1940 101 400 City 4s 2d Water Serial.. 1947 114 _ Jan. 10 101 Jan. 4s Dock Impt 4s Jones Falls 1961 May 24 114 11634 May 24 11634 11633 May 24 11934 12034 July 25 122 120 May 24 120 12034 June 22 12034 12034 May 24 12034 12434 May 24 12434 118 May 4 12434 11634 Jan. 26 12234 122 May 24 122 4s school house 1961 117 4s Sewerage impt.-.1961 2,200 3%» New Sewerage Imp..1980 11,400 Atlantic Coast Line 5% ctfs.. 118 Jan. 17 126 June 112 85 Jan. 17 117 June 400 City 4s Annex Impt 1,700 City 4s Paving 2,500 City 4s Annex I 1,000 1951 1951 1954 600 City 4s Public Park 1,000 City 4s 3d Water 300 City 4s School House 2,000 City 4s Conduit 119,000 41,900 1,030,050 267,450 22,500 35,000 25,000 2,000 6,433 744 2,007 1975 B 5s 4,000 Benesch&Sons Co Inc 6% 1939 109.500 Finance Co of Amer 4% .1942 . 87,500 4% 3,000 Fla Southern RR 4% 2,000 Interstate Co 4%% 3,000 5% 3,000 5%. 3,000 5%. 3,000 5%. 2,000 5%. 2,000 5% 1st Preferred 213 23 ▼ 3,865 99 10034 101 96 97 993-1 9934 9934 9934 99-34 9934 .1945 .1948 .1949 .1950 Dec. 27 6,277 133 15*4 16 20 26 Sale Sale 10034 101 9634 97 5% preferred .100 com 50c 1.50 Class B 410 Guilford Realty Co com Preferred. 27 Jan. 15 85 Feb. 24 10034 Dec. 96 Dec. Dec. 5 7 101 9634 Dec. 22 7 9934 Dec. 20 9934 Dec. 20 Sale 20% 31 28 Sale Sale 33c 1.50 71 % 19%-Dec. 25% Dec. 3 5 21 % Dec. 15 30% Dec. 29 45c 30c Dec. 9 50c 1.10 Dec. 20% Sale 9 1.65 Dec. 100 t t. .* 100 45 2,100 Second preferred.... 71 114 Sale 116 ..... 17 Sale 36 92 9% 10% 20,570 2,911 111,893 29,580 5,280 2,661 ....... 22Vs Dec. 1 7% 5% 14% 112 31 10% Sale 17 Dec. 2 Sale 70 72 Dec. 30 Dec. 6 115 115 Sale 8% Sale 7% 4 5)4 Sale 11 12% 14% 112 Sale 116 % 119 32 35 30% 10% 11M 10% 11% 8 6 ..... Dec. 19 Dec. 29 117 Dec. 14 8% 5% Dec. 28 15% Dec. 1 119)4 32 Dec. 13 Dec. 28 10% Dec. 28 14% % 15% """248 1,762 57 1,100 288 Preferred 100 2 Preferred 274 com Pref 393 Seaboard Comm'l 288 138,704 110 No par value, com 5% preferred US Fidelity A Guar 862 Western National Bank x Ex-dividend. 2% 2 >4 19% 3 17% Dec. 21 40c Sale 88c 19 Sale 9 Sale Dec. 30 8% Dec. 55c Sale' 1.05 Sale 1.30 1.50 Sale 1.10 1.30 1.40 7 Dec. 30 1.00 Dec. 1 1.00 Dec. 1 31% Dec. 1% Dec. Sale Oct. 9934 9934 9934 9934 9934 9934 10034 9634 Nov. 17 June 24 68 11 101 Sept.10 Oct. 11 9934 Sept. 10 Mar. 22 101 Nov. Feb. 16 Jan. 27 Feb. 23 Dec. 20 Feb. 16 Jan. Feb. 27 23 Dec. 20 May 25 14% Sale 26% 25 48 54 15 26)4 26)4 2 9 14% Dec. 1 25% Dec. 22 37 35 36% 40 11 11 Vs 11% 1.15 1.00 30 9934 9934 9934 9934 2 102 2 Feb. 2 % 9% 14% 92% 55% 112% Mar. 6 June 73% July 25 Dec Apr. Sept. 15 9% May 9% Mar. Sept. 1% May 42 May 11% Mar. Apr. 1.50 Dec. 3 20% Dec. 14 93c Dec. 7 9 Dec. 1 88c Dec. 1 1.95 Dec. 9 1.75 Dec. 10 35% Dec. 30 2% Dec. 29 6* 1* 1 Dec Mar. 117 17 Dec. 10 Dec. 2 93$ Sale 1% 97 Sale 1.10 10 Dec. 14 1.00 Dec. 2 84 Sale 81% 75 Sale 72% 111% 40 Sale ----- 83)4 83 Dec. 7 Dec. 31 1.25 Dec. 15 84 Dec. 1 12 20c 111 75 Dec. 20 20c Dec. 20 72 Dec. 17 75 Dec. 1 2% Dec. 67% Dec. % 13 19 2% Dec. 15 68 —. 7% Dec 6 20 20 Oct. 8 119% Dec 35 * Jan. 17 Oct. 13 Mar. 11 V Sept. 19% 28 % Sale 32 16Vs Dec. 12 29% Dec. 27 2K Oct. 50 Oct. 20% Dec 14 24 24 14 7 May Oct. 21 Dec Jan. Dec Oct. Mar. June Oct. Mar. aSB June Dec 59% 112% 2% 66 Apr Oct Dec Jan. Dec 7 8 8 20 2% Dec. 29 220 17 June Dec 18 12 26% Dec 3 Jan. 47% Jan. 44% May 12% Oct. 27 Jan. 21 9 in 75* 2 11 17 15 Jan. Jan. 3 Jan. 10 112% Oct. 4 July 7 18 5 72 Jan. 21 Mar. 64 Mar 7 12% June 34% Aug. 8% Mar. 38 20)4 Dec. 28 32 29% Sent. 33 9 10 17% Sale 8 Apr. Dec. 50 Sale 34 13 Oct. 20c 64 13% 32 H 14 9% Oct. 10% July June 72 Jan. June 24 Dec Apr. 1% Apr. 35 Nov. 10 10 21 37Vs Dec. 30 .Apr. 14 93c June 18% Sept. 1% Dec. 26% Dec. 15 Mar. Dec. 11 29 Jan. 2% 24% 23% 93% Mar. 75% Mar. \* 21% Dec 30% Dec Apr. 27% June 100 20 June 19 39 10% 1% * 2 12% Mar. 17 214 15)4 Sale 24 100 11 Real Estate Trust Co 23,409 Sale 88c * 800 Phillips Packing Co 60 18 June 24 Dec. Mills Com 100 38,587 New Amsterdam Casualty..2 54,780 North Amer Oil Co com. 1,357 Northern Central Ry...... 10 8,500 Owlngs Mills Distillery 1 3,791 Penna Water A Power com..* """200 Apr. Dec. 31 7 Dec. Dec. 20 Dec. 17 50 214 National Marine Bank 3,001 20 ----- 8 7 i 548 Mt Vern-vVoodl * 1.50 Dec. L) Co com—1 6,043 Merch A Miners Transp * 4,860 Monon W Penn PS 7% pref 25 370 "6~, 922 1 Common class A 60 Mercantile Trust Co ""735 15 92 9 100 w 1 Oct. 25 25 101 1 10134 Nov. 26 29 20% Dec. 28 14% Dec. 27 1 1st preferred Rights Mar. Oct. 9634 Feb. 1 Sale 15 Sale Dec. 100 45,465 Houston Oil preferred 883 Mfrs Finance common 5.068 2,661 Feb. __ 1534 Mar. 31 5 Martin (Glenn 2334 Jan. 15 14 101 9934 9934 9934 9934 9934 22 65 1 51 980 91 Mar. 29 14 100 22% Sale * E L A Power.—* Mar Tex Oil Apr. 29 Dec. 84 Ga Sou & Fla Ry 1st pref.100 135 3 7 10 17 2534 Dec. 23 101% * t c 1,967 Finance Co of Am class A-..5 30 Oct. 3 117 Par 510 " 7 24 22 24 24 25 24 24 78 2034 Dec. 22 9934 1951 393 25 18 Dec May June May May May May May 68 96% .1944 common 1,484 Davison Chemical Co 1934 Sale 2.134 2234 82% Oct. 101 1941 17,304 Eastern Sugar Assoc com 1 Preferred 7,070 ...1 6,081 Fidelity A Deposit 20 3,735 Fidelity A Guar Fire Corp. 10 671 Sale 22 846 Brager Eisenberg Inc com..50 55 Comm'l Credit 4%% pref.100 10,483 Consol Gas 302 4,399 1,695 20 Sale 1947 STOCKS. 17,591 533 Sale 25 1945 39,602 Arundel Corporation * 1,973 Atlantic Coast L (Conn)—50 8,314 Bait Transit Co com ▼ t c...* 11,373 Black A Decker ""636 23 ..1975 1,030 7 1961 A 5s flat 2,003i Dec. 1958 Bait Transit Co 4s flat.. 1975 Shares 7 122 1958 21,000 Read Drug & Chem 5%s_1945 Shares Dec. 1957 2,300 City 4s Water Serial 1,100 City 100 City 100 City 5.500 City 122 1955 1955 coup 10 May 24 May 24 May 24 Dec. 2 13% Oct. Nov. 20% Dec Jan. 21 1 28 7 « Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales 1938 December Shares_ Jan. 1 to Dec. 31 AGGREGATE SALES BOSTON PRICES 1938 157,000 Bait Hail StRR 56,400 13,900 aerA 300 1,346 152,044 3,694 78 * 5u First preferred 5® \mer Telep 8c Tel eg j00 Assoc Gas & EI Co class A—1 6% 18,987 cum pref ....>..100 Boston Ac Albany 100 30,184 Boston Edison Co ,100 17,116 tloston Elevated too 13,349 Boston Herald Traveler Corp* 787 Boston fit Maine pref stpd_100 160 Common (unstamped).. 100 392 37 1,130 2,406 50 55 5,667 4,550 16,635 458 2,155 7,051 13,152 2,044 107 523 891 I,781 82 223 762 2,239 65 236 2,597 13,120 1.439 1,650 20,217 1,107 10 8 996 765 1,931 140 Common stamped 100 Preferred 1,170 1,471 3,650 2,885 6,745 I,883 28,964 2,140 6,278 14,743 II,178 19,192 8,663 2,490 3,771 Prior pref 100 Class A 1st pref stampediOO 1st preferred class A 100 Class B 1st pref stamped 100 1st preferred class B 100 Class C 1st pref stampediOO 1st pref class C 100 Class D 1st pref stampediOO 1st pref class D 100 Class E lsi pref std 100 — 1st pref class E Boston Personal Prop Tr Boston & Providence Brown at Durrel Co 155 50 139 355 1,735 » 4%% Cum Prior pref com 100 6% Cum preferred.....100 East Mass St Ry Co... 100 First preferred 118 700 425 1,745 • * "* Co 463 14,150 110,344 31,586 "¥,055 2,236 1,000 1,191 II,344 * 20 % • * * "* 1 1.25 ioo 2,015 200 487 6,638 1,090 8,551 400 921 2,086 200 . Quincy Mining Co 25 Reece Button Hole Mach..10 Reece Folding Mach Co 10 Shawmut Assn T C. Stone 5c Webster Inc cap stk Suburban Elec Secur com.. 5,159 ....5 Preferred 25 1 Corp__io 1,107 Vermont & Mass Ry Co 100 7,539 Waldorf System Inc.......* 15,609 Warren Bros...» 808 Warren (S.D.) 8c Co com Ex-dividend. 49 Mar. 31 83 Dec. 28 Dec. 31 50 1 1 Dec. 31 55 Apr. Apr. 88 Dec. 94 Dec. 6 Feb. 6 130 75 Sale 54 Sale Sale 18 2 2% 2 Sale' 1% 5% 1% —. 1 Sale Sale 1% IX Sale 3% 3% — I* ~6- 1% 5 12 32c 1 99c Mar. 23 Dec. 16 80c 1% Dec. Dec. 12 11 Mar. 29 16 55c 12 Dec. "2% 50 Sale % 17 Dec. Dec. 80 1 73% Dec. 14 82% Dec. 30 Dec. 31 125% Dec. 10 130 Sale Sale Sale Sale Sale 53 16% 1% Sale 16 Dec. 76 80 82% Sale — 16 Dec. 11 150% Sale 145% Dec. 21 150% Dec. 31 % Dec. 21 1% Sale 1% Dec. 30 5 23% 24% 25% 24% Dec. 12 28% Dec. Sale — Dec. 99c 1% Sale 16% Dec. % Dec. % Dec. 1% Dec. % Dec. 1 Sale 18 1 Dec. Dec. 5 1% Dec. 1 27 17 % 2% % 6% 2% 1% 2% 1% 2% 1% Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 1% Dec. 22 1% Dec. 12 3 19 13 Sale 4 Sale 2% Sale Sale 54 2 28 2% % 6% 2% 1% 2% 1% 2% 19 Dec. 29 Dec. 21 1 Dec. 19 1 Dec. 6 1% Dec. 19 Dec. 1 21 1% Dec. 21 1 2% 1% Sale 1% 1% 12 80 1% 7 2% Sale 12% 15 1% z8% % Sale 17% 1% Sale 1 Sale" 1% 1% 1% Dec. 1 1% 3 20 2 9 28 2 21 Nov. 16 May 27 110% Mar. 30 150% Dec 31 June 1 1% Apr. 18 17 June 9 29% Nov. 9 62 Jan. Sept. 30 94 6 Mar. 31 108% Jan. 14 60 108 Apr. 1 134 July 29 47% Oct. 3 May 10 13% Mar. 31 Jan. 13 % Dec. 28 Jan. 5 Oct. 26 % Dec. 27 1% Dec. 17 July 22 Feb. 25 H Dec. 29 31 4 31 1 Sept. 28 23 1 Mar. 16 31 31 1% Dec. 19 1 Sept. 28 1% Dec. 21 4% July 25 7 3% July 4% July 22 3% July 20 4 7 July 3 28 Dec. 21 Jan. 5 28 1 Dec. Dec. 31 1% Dec. 13 Dec. 1 1% 1 % 1 % 1 % 8% Dec. 22 May 5 Nov. 21 Nov. 21 Apr. 5 13% Nov. 10 13 Dec. 75 I July 65 3 4% 35c 3 5 Sale 70c 20c Sale Sale 49% 26% 50 27% 90c 1 25 Sale 3% 3 2% 05% 2ac Oct. "16"" 12 Sale 10% Dec. 22 Sale 13 1% 1% 8% Sale 1 % 5% Sale % % 1% Sale 20 Sale 24 11% Sale 12% Sale 1% Dec. 5 1% Dec. 7% Dec. 2 25c Dec. 28 5 Dec. 7 22% Dec. 31 2 1% Dec. 6 8% Dec. 26c Dec. 22 AX Sale Sale 1 1% Dec. Dec. 1% 24% 12% 2% Dec. Dec. 15c 1 Dec. Dec. 31 Dec. 31 7 Dec. Dec. 30 Dec. 29 Sale 67 Sale 48 Dec. 67 12% Sale 20 Sale 12% Dec. 20 4 Sale 3% Sale 3% Sale 5 Sale 20 24 16 20 18 24 11% 15% 27% 15 16% 14 16 14 2 7% 3 1 4% Dec. 5% Dec. 31 Dec. Dec. Dec. 20% 31% Sale 7c 10 9 2 1% 20 1% 6 6% 8% 2% 3% 45c 27c 50c 25c 55c 50c 20 22 "18" 5 5 22 1% 15 2 13% 2 25c 24 3% 12%c 1% Sale 24% 4 4 25c 1% 1% 2% 15% Sale 18 Sale 25c Sale Sale 10c 2% 24 "30c" Dec. 7 21 35c %"Dec" 7 ~"i% 13 5% 42c 14 1% 65c 30c 30c 15 20% Sale 2% 2% 19 23% 2% 2% 9% 10 Sale 26% Sale 1% 51 25c 35c 19 20 Sale "1% 35c 20c 8 Dec. 12 5% Dec. 31 17% Dec. 30 Dec. 2 8c Dec. 8c 1 7 Dec. 15 20 10 Dec. 1% Dec. 29 10% 13% 65c 40 n Sale Sale 1 Sale 27% Sale 11c 24 25c 25 xl01%Dec. 7% 42 _% 65 7 3 % Dec. 21 25c Dec. 20 16 1 30c Dec. 16 24c 20c Dec. 30 3% 18 2 10% 16% 80c 40 25 5c Oct. 21 1% July 18 4% May 16 6% June 13 Dec. 10 1% Mar. 22 18% Mar. 30 3% Oct. 29 5c June 27 1% Jan. 81 Dec. 3 55 1% Dec. 7 31 Dec. 30 4 Sale 11% Dec. 13 5 19% Dec. 6 2% Dec. 16 Dec. 27 6 1% Dec. 9% Dec. 28 5 12% Dec. 1% Dec. 31 65c Feb. 24 3 Jan. 3 May 14 30% Jan. 21 7 2% Dec. 67 Dec. 20 Dec. 29 30 34 5c 11 19 Jan. 26 3% July 6 22 2% 26c 28 6 15c 2% 68 2% 2 Dec. 12 11 Dec. 6 17% Dec. 29 Dec. 66c Dec. 28 66c 40 Dec. 26 24% Dec. 24 46% Dec. 27% Dec. 11c 1 12c Dec. 27 5 20c 47% 1 1 Dec. 16 Dec. 16 Dec. 30 16 12c Dec. 28 7 9 27 9% Mar. May June Sept. Dec. 8 May 5% Mar. 50c Aug. 30 3 2 22 6 31 29 3 32 Nov. 7 17 11c Apr. 1 13% 1 % 12% 1% Nov. 16 28 Feb. 8 Aug. 7 60c July % Jan. 14 70c Dec. 21 5% Aug. 11 60 Dec. 30 Dec. 31 2 Dec. Dec. 17 Oct. 40 9 37c Nov. 14 8 1% Dec. 8% Dec. 21 June 13% 24% 3% 17% 16 Jan. 15% Nov. 17 7 21% Dec. Dec. 20 30c 30 1 4% Dec. 5% Dec. 31 25c 2 I 52 23 28 Mar. 31 109% 10 Nov. 5 Dec. June 70c Dec. Sept. 21 % Dec. 21 6 May 31 7% Jan. 11 9 30 Dec. 75c 73 4% Sept. 13 II Sept. 14 8c Jan. 1 % Dec. 2 10% Oct. 17 18 Tune 10 1 1% Nov. 21 1% Nov. 21 2 31 55 28 Apr. 15% Sept. % June 7 Dec. 55 18 3 25 Feb. 23 27 Jan. 15 Aug. 26 Jan. II July 21 July 25 5 Feb. Jan. 18 Feb. 23 July 25 Mar. 18 Feb. 21 Jan. 12 Jan. Dec. 31 Oct. Jan. 24 5 3% Jan. 60c May 19% July 24% Nov. 4% Oct. 20 Jan. 27 7 19 10 17 7 2% Feb. 17 12% Oct. 26 17% Dec. 29 91c Jan. 1| 46% Dec. 28% Oct. 24 25c Feb. 18 7% 4% 23 "24"" 22 Dec. 9 24 Dec. 9 15 Apr. 25 26 Nov 85% Sale 81 Dec. 1 87 Dec. 17 50 Mar. 29 87 ODec, 17 42 Sale 50c 7 3% 21% 1VA Feb. 15% Apr. 23% Apr. Dec. 14 Dec. Sale i 13 Oct. Apr. Sept. 28 106% Dec. Dec. 70c Sale Sale 17 15 18 18 10 Feb. 5% July 3% Feb. 54 13 3% July Apr. Apr. Sept.29 6 9 7 4% Dec. 24 3% % 13% 3% 1% 2% 20c 2% Dec. 15 2 Sale AV* 9 20c Dec. 1% Dec. Sale c 23 Dec. Dec. Dec. Dec. 40c 5c Sale 20 Dec. 20 Mar. 31 3% Dec. 59 14 9 Dec. 1 2% Sale 60c 20 "55" Dec. 19 % Dec. Dec. 1% 13% 4% 14% 1 4 Sale Dec. 1 17 9 1 Sale 15c 15 24% Dec. 22% 24 4% May 21 Dec. Dec. Dec. 21% 3% 5 20 5% Mar. 30 % Sept. 10 Dec. 26 % Dec. 35c f»ec. 21 30 13 Sale 3% 8 Dec. Dec. Sale 21 41 Sale Sale 50c 50c Sale 7% 3% Dec. 14 Dec. 4c 2 75c 38% 1% Dec. Dec. 1% 8% 8% 2% 55 81% 1 15% 10c 44c 71% Sale I66T 107" 1 22 14 5c 7 59 1% Sale 50 Sale 5 Sale 16 14 13% *101% Sale 106% 55"." 4% 3% 31% Dec. 20 10 '"£% "2% 42c Sale Dec. Dec. Dec. 1% Dec. 5% Dec. 6% Dec. 50c 25c 12 '99% Sale" 20 5c l._ 6% 5% 7% Sale 3% 1% 29% 1% 13% Sale 25 18 31 5c 29 28c 45c 18 21% 32% Sale 20 12 20 17 1% 6% 3 2 25c Dec. Dec. 17 9 5% Dec. 28 48 90c Corp...52 79,264 Utah Metal Ac Tunnel. 714 Venezuela Holding Corp x Dec. 28 83 88 94 9 7 8 Dec. Dec. 32c 60c 12 Sale 10 91c 35 referred 23,436 T rrington Co (The; -III"". ' 2,080 Union Copper Ld & MIn Co 25 No par value, ioo "l00 II11.50 300 Venezuelan-Mex Oil ""253 j.ro ... 3,474 Union Twist Drill 45,045 United Shoe Mach 148% 1% 10 Sale H)...11.100 Pennsylvania RR 2d 3 100 .100 Certificates of deposit— 3,629 Old Dominion Co... 25 474 7,582 com Pacific Mills Highest Sale Prices 78% Dec. Sale 32c 13 80 preferred...I.Il00 3,619 50 3,484 cum N Y N H & Hartford North Butte 8,790 Old Golony. 312 40 755 6% 10% 3% 60c 1% Sale 11 I* (Boston) 79 Northern RR (N 7,554 50,330 18,992 1,816 1,488 30,474 62,369 2,182 865 • ... • 38 45c 127% 2 4,545 National Tunnel & Mlnea—* 850 N E Gas & El Assn pref * 29,320 New England Tel & Tel 1100 156 New River 5,276 3% 6 l 80 Lowest Sale Prices 78 88 88% Sale 20 Preferred H% —100 14,196 Mass l/tU Associates v t c * 3,000 Mayflower-Old Col Copper.25 12,307 Mergentna er Linotype .* 87.790 Narragansett Rac'g Assn Incl 2,914 Nat Service Co 1,416 5,257 2% Iioo 829 196 3,424 100 19 _1j0 I" tr"ctfsll 3,839 Maine Central 1,785 48% .100 Button Hole Mach Co. 10 20,102 Bis Royal Copper 15 642 Loew's Theatres ""420 121 25 25 Eastern Gas at Fuel Assn 3,360 Helvetia Oil Co 75 Int'l 225 Highest Sale Prices 100 4,458 Gilchrist Co 16,860 Gillette Safety Rasor Co 2,054 Hathaway Bakeries cl A 988 Preferred 6,350 Class B 3,468 1938 Lowest 83% 88 75%. 94 70 35 preferred 796 82 Sale 23 92% 100 common. Calumet at Hecla Cliff Mining Co 3,208 General Capital Corp 65 Georgian Inc (The) 2,698 Class A 420 YEAR Sale Prices Ask 78 Sale 85 10 Economy Grocery Stores"II* 17,558 Employers' Group Assoc T C* 290 80c 1% 2 12% 19% 143% Sale * 436 "1,914 79 100 Preferred B__ 9.440 Adjustment 22,414 Eastern SS Lines. Inc.. 726 Preferred 4,874 10,215 55c ioo 55 Conn at Pas Rlv pref. Copper Range Co Bast Boston Co "3",708 RANGE FOR Par preferred 881 Blgelow-Sanford Carp com..* 952 30 50 Ask Bid Bid 87 72% 1948 STOCKS non-cum 62% 80 1948 4mm Pneumatic Service 6% Ask 60 4%a 1948 Serlea B 5a Seriea D 4a 10,942 7,271 3,075 5,380 2,035 2,320 DECEMBER Dec. 31 Dec. 1 1938 Bid 7,018 2,882 10,448 1,436 226,300 — Price BONDS Shares Shares IN $14,000 483,350 Jan. 3 $ 55,000 2,400 2,350 1937 $59,750 Jan. 1 to Dec. 31 6,606,434 12 Months December 1938 December 548,952 STOCK EXCHANGE In Bond Sales- 1937 669,749 6,410,553 43 42 Dec. 2 47 Dec. 21 38% Jan. 47 Dec. 21 60c 80c 60c Dec. 5 80c Dec. 16 55c Mar. 30 2% Dec. 31 40c Sept. 14 Oct. 27 2% Sale 7 68 6% 3% 22 2 Dec. 31 6 70 7% 4 5 66% Dec. 6% Dec. 22 3 Dec. 13 22 Dec. 15 67 Dec. 5 7% Dec. 5 "3% Dec. 6 22 Dec. 15 3 . . . 17 1% Jan. 10 2% Dec. 31 7% Nov .23 Jan. 56% June 9 103 8% Jan. 5% Mar. 30 1% }Vlar. 31 4% July 19 Sept. 1 26 July 7 6 15 19 Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD \ RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE Stock Sales December. Jan. 1 to Dec. 31 AGGREGATE ....... PITTSBURGH STOCK EXCHANGE SALES In December 12 Months 1938 $ Dec. 1 1938 Bid * 12,534 Allegheny Ludlum Steel 353 Preferred ...100 5 Ask Bid 1,686 1108% Ask 460 ....... 17,004 39,414 100 100 906 37 Preferred........ 6,415 Devonian OH ..10 27,675 Duqueane Brewing.........5 988 Electric Products.... 10 541 27,059 2,769 1,121 597 200 100 350 550 417 697 350 Preferred 8c Coke pref. 100 Lone Star Gas * McKinney Manufacturing..* Mesta Machine ... 6 Mountain Fuel Supply 10 Nat Flreproofing Corp com.5 760 289 Sale Sale 4 8% Sale 7% 6% Sale 25c 7 19 12 % 7 19% Sale 10 8 70c 18 10% 85 681 44,210 Phoenix Oil com.........25c 5,500 Preferred ...1 4,907 Pittsburg Brewing 4,083 Preferred • 760 Pittsburgh Coal Co com..l00 200 Preferred... 100 3,546 Pittsburgh Forcings.......1 1,721 Pittsburgh Oil 8c Gau 5 8,050 Pittsburgh Plate Glass 25 22,658 Pitts Screw 8c Bolt Corp.... • 3.568 Pittsburgh Steel Foundry..* Preferred 255 7,360 570 3,215 690 6% 7 9 18% 12 6 18 12% 10 12% Sale 90c Sale 9% 85c Dec. 5 Sale 40c Dec. 21 Dec. 6 6% Dec. 19 6% Dec. 22 72% Dec. 30 Dec. 6 7% Sale 9 18% 14 10 90c Dec. 10 Dec. 31 Dec. 15 Dec. 29 Dec. 31 Dec. 30 Dec. 5 5 25c Dec. 1% Dec. 23 25% Dec. 16 9 7% Dec. 18 Dec. 24 7 11 Dec. 6 75c 11% Mar. 31 27% Dec. 30 Sale" 25c 7 85c Dec. 5 Dec. Dec. 16 9 De 24 Dec. 28 Dec. 29 Dec. 1 Dec. 29 Dec. 28 7 Dec. Dec. Dec. 3 1 3 1 35,781 Shamrock Oil 8c Gas 105 6% preferred...........100 6% Preferred 10 1,519 * 1,654 Standard Steel Spring 5 9,517 United Engine Ac Fdy 3,552 United States Glass........1 20 25 25 Sale 10014 Sale 7 % Sale 68 9 65c 70 Sale Sale 5 Sale 2% 2% 20% "I" 70 8% 50c 72 9 60c 4% 5 2% Sale 19%::::: 50c Dec. 28 Dec. 14 25 2 Dec. Dec. 22 15 63 Feb. Oct. Mar. Mar. Mar. Mar. 40c Dec. 3 % Jan. 29% Nov. 12 Sept. 8 15 110 4 6 30 29 30 30 21 Jan. 7% 58% 19% 15% 1% 73 Dec. 10 75c 4% Dec. 27 2% Dec. 9 Dec. 8 24 Dec. 31 Dec. 14 63 Dec. 8 9% Dec. 14 Dec. 1 Dec. 2% Dec. 1 2 Dec. 8 5 24 20% Sale 2% 22% 29 2 27% 2% 29 2% Dec. 2 26% Dec. 6 5 Dec. 24 20 1% Sale Sale 86 X 7 7X 11 1% 2% 104% Sale 8% Sale ... 10 ... 7% 10 45 60c 2% 85c 3% 10 2c lc 2c lc 2% 2% 65c 5 lc 2% Sale 100 7 52 Sale 7% 9 30% Sale 1% Sale 75C 7% July 21 9% Oct. 17 72% Dec. 30 25c Aug. 29 June 14 19 7 Jan. 29 16% Sept. 28 8 Apr. 16 6 5 70c Dec. 29 Mar. 26 Feb. 15 2% Jan. 30% Aug. 7% Oct. 20 Feb. 14 Jan. 9% Mar. 20 Oct. 95c July 32% July 12% Apr. 15% Mar. 30 11% Jan. 22 Nov. 9 107 Dec. 28 15 Nov. 21 24 Sale 24 60c Dec. 22 lc Dec. 21 7 2% Dec. 40 Dec. 16 22% Dec. 65c 1 Dec. 22 3% Dec. 5 35c 40c lc Dec. 21 2% Dec. 1 50 Dec. 29 1 Sale 28% Sale 100% Sale 117% Sale 25 19% Mar. 30 5 20 4% 1 56 4% 5% 15% 60c 2 Jan. Sept. 23 lc Jan. Dec. 14 Dec. 27 25 Dec. 15 25c Dec. 27 7 1% Dec. 26% Dec. 10 35c 26% 25c 1% 3 30% Sale 111% Dec. 28 9 3 Jan. 24 Jan. 15 July 26 Feb. 18 Oct. 25 Jan. 12 Nov. 12 Mar. 9 Jan. 8 Jan. 10 12 3 July Nov. Apr. Oct. Jan. Oct. 18 16 2 25 3 17 30 Jan. Nov. 14 Oct. 24 Nov. 25 July 25 Jan. 10 Oct. 29 14% Jan. 20 4 3c 1 4 16 70 Mar. 31 2 22 20 28 Jan. 27 6 1 18 3 6% 24% Mar. 25 11% 1% July 22 114% Apr. May 27 9% Dec. 9 11 Aug. 9 45 Mar. 30 25% Dec. 22 1% Dec. 1% Apr. 40 25 5c Nov. Feb. 4 8 7 J 7c Dec. 24 Sept. 28 6% Mar. 25 Dec. 21 June 30 Jan. 12 Mar. 16 7% June 25 Oct. 5 24 39% Oct. 1% Jan. 2 22 50c Dec. 27 Dec. 1 Dec. 12 1% Dec. 13 31% Dec. 29 120% Dec. 15 35c Dec. 27 1 25 Sept. 26 45 25c 1U Dec. 14 14 Oct. Jan. Feb. 34% Dec. 1 45c 3 " Mar. 31 5 32 "27"" Sale 65c '4 22 6 19 15 16 5% 35c 60c Dec. Dec. Dec. Dec. Dec. 2 13 Feb. 9 2c 2% 50 Dec. 24 Dec. 27 40 50% Apr. 4 73% 105 68% Dec, 6% Mar. 31 10% 50c Nov.30 1% 27% Mar. 30 44 6% 4% Dec. 27 3% 1% Mar. 28 1 May 18 1% 40 2% Dec. 27 2% 5 20 8% 8% Dec. 13 1% Dec. 7 1% 100% Dec. 28 106 8 Dec. 23 9% 7% 5% Dec. 9 20% Dec. 12 22% Sale 1% Dec. 27 2% Dec. 14 27% Dec. 14 8 10 31 25 10 8 5 72% Dec. 30 25c Aug. 29 1% Dec. 23 2c May 3 Dec. Dec. July Nov. Jan. Mar. 30 5 5c Voting trust certificates..l 3,145 Vanadium Alloy Steel......* 1 28,944 Victor Brewing Co * 620 Waverly Oil Works A. 40,466 Westtnghouse Air Brake... 80 13,272 Westghouse El Ac Mfg.. 2% 4% 24% 10% 6% 107 100 * 3.544 Reymer Ac Bros common ..5 353 Ruud Mfg 50,193 San Toy Mining............1 738 55c 29% Dec. 3,974 Plymouth Oil Co...........5 1 11,560 Renner Co "200 Highest Sale Prices Mar. 10 111 Mar. 4 xlOo 5 ... 2,493 3.189 75c — 2 5 Dec. 7 Dec. 2 Dec. Dec. 20 Dec. 13 16% Sale 60c 24% Dec. 2% 6% 50% 15% 11% 58% Sale 12% 1 % 3% 411 Penn Federal Corp common.* 100 4H% Preferred ....50 37 "393 26% Sale 113 100 8,893 Koppers Gas 70,103 19,725 3,596 76,018 39,871 id 25 % Sale 108% Sale 211 Jeannette Glass preferredlOO 372 Jones 8c Laughlln St'l pref 100 120 6,578 5,800 32 % 12 * 5,754 Pollansbee Bros pref 100 36.580 Port Pitt Brewing ..1 843 Herb-Walker Refrac com.. * 225 Home (Jos) common 100 75 Lowest Sale Prices 107 * 451 Copperweld Steel ......10 462 Crandall McK 8c Hend • 123 1,140 17% Sale 760 Consolidated Ice common..* 2,230 85 1,464 .......10 ...* * Byere (A M).— * Carnegie Metals............1 Clerk (D L) Candy • Columbia Gas Ac Electric. ,♦ 6% preferred 100 3,598 111,009 10 Highest Sale Prices 108% Preferred...... 16,631 Armstrong Cork Go 24,544 Blew-Knox Co 100 510 Lowest Sale Prices Dec. 31 Ask Bid 2,169 Arkansas Net Get Corp ,...* 884 290 1938 STOCKS 1,013 21,621 1,462 6,185 RANGE FOR YEAR PRICES IN DECEMBER BONDS Shares 248 $ii~666 Jan, 1 to Dec. 31. Jan. 3 14.000 Pittsburgh Brewing 6s...1949 4,904 $1,000 25,000 Price $ Shares 1937 December 140,724 2,541,098 109,161 1,373,537 1938 Bond Sales 1937 1938 Shares. 35c 27 40c Aug. 25 1 7 15 Dec. 7 2% June 30 Mar. 3l 33 Nov. 9 15; 62% Mar. 31 124% Nov. 12 28 65c UNLISTED. 1,641 * 2,015 Lone Star Gas *%% pref. 100 8,463 Pennroad Corp *tc No par value. x Ex-dividend. 112 2% Sale Apr 27 112 1% Dec. 19 3 108 1% Dec. 19 2 Dec. 3 Jan. 1 Jan. 10 RANGE OF Stock Sales December - PRICES ON DETROIT STOCK EXCHANGE 1938 AOOREOATE, SALES 1937 327,447 Shares_ - 297,862 i Jan. 1 to Deo. 31. DETROIT PRICES STOCK EXCHANGE 1938 Shares Shares 28,501 38,198 1,850 1,400 5,823 Allen Elec & Equipment 1 common Ask % Sale 'Ay 1 Sale Bid Dec. Ask Bid Bower Roller Bearing 7 1937 4,948,902 RANGE FOR YEAR 1938 * common Brown-McLaren Mfg Co 40c Burry Biscuit Corp Casco Products A* 40c 34c Highest Lowest Highest Sale Prices Sale Prices Sal* Prices 134 Dec. 1 Dec. 19 33c Dec. 28 li 1254c * 154 254 2454 Dec. 12 8 3154 Sale 154 134 1834 1854 254 3 7 54 854 16 1434 154 20 54 2% 27 i734 % Sale 18' 16 * 29 7 29 26 Sale "23"" "2754 29 1 Burroughs Adding Mach 754 Lowest Sale Prices 31 28 "20" 5 Brlgga Mfg Co 700 Capital City Products 1,125 IN DECEMBER Ask 154 Sale 37c 5 14,110 112,208 39,826 37,826 70,854 200 Bid Auto City Brewing common. * 946 Bohn Aluminum & Brass 270 Dec. 1 1938 Par 102,420 Baldwin Rubber 1,782 7,231 3,400 2,482 1,350 [ Jan. 3 STOCKS December 1938 _4,067,484 - Price 12 Months In Stock Sales | Sale Corp ' Dec. Dec. 16 5 154 Dec. 23 38c 754 29 Dec. 6 Dec. 15 Dec. 16 2554 Dec. 27 3134 Dec. 15 134 Dec. 22 Dec. 7 17 54 Dec. 22 2 54 Dec. 17 Dec. 29 754 Dec. 14 1 234 Dec. 754 Dec. 14 % Jan. Sept. 454 Mar. 28 Aug. 12 54 Mar. 1334 Mar. 1 May 1534 June 154 June 33c 3 20 31 2 31 31 18 1 7 734 June 29 11 Mar. 5 1V Nov. 9 54 Jan. 15 954 Jan. 15 29 28 Dec. 16 Nov. 12 37 Aug. 25 2 Oct. 26 215 July 26 354 July 19 954 Oct. 7 2234 Aug. 26 Chamberlin Metal Weather^ 1,365 Strip Co common 5 154,174 Chrysler Corp common..... 5 5,126 1,052 1,256 8,505 1,375 17,430 18,205 14,116 2,402 1,213 525 Consolidated Paper Consumers Steel Prod... Continental Motors 48 54 14 10 1 com com. . 2,600 3,878 3,646 1,862 com.. 354 6,594 4,154 335 9?i ]* 470 23,262 238,962 92,745 81,292 11,895 14,150 100 105,353 73,929 95,406 81,982 28,042 3,585 2,200 5,654 1,679 53,774 3,293 196,367 20,132 5,345 900 16,762 1,600 490 6,260 18,861 5,419 14,780 43,192 83,165 15,670 15,962 154,612 2,014 133,702 58,251 11,011 24,251 108,351 38,146 14,483 33,979 29,970 27,914 7,148 153,530 2,705 200 3,600 3,437 " 1,637 6,190 125 9,381 5,756 795 1,735 4,685 1,073 137 7,156 1,907 1,135 855 7,052 903 50 2,280 9,735 1,025 336 105,882 11,025 18,426 3,108 Sale" !$* * General Finance Corp com.l General Motors 4 10 Sale 1 Sale Graham-Paige Motor com 1 Grand Valley Brew common.! Sale com Goebel Brewing Co Hall Lamp com 3,430 200 Per footnotes 9,153 49,178 Sale 14 8 26 8 Sale" *8 15 1 10 1054 31 14 l1/s 1 1 18 Sale 1 6 1154 1554 14% % 51c 2054 334 19 54 23 Sale* 134 Motor 10 common com Parke Davis & Co Parker Rust Proof com JA 30 • 2.50 54c Sale 334 25 Sale Peninsular Metal Products.! Pfeiffer Brewing Co com Prudential 2 454 154 Investing Corp. ) Reo Motor com..... Rickel (H W) & Co common.2 Standard Tube Co class B 1 Stearns (Frederick) com 5% cum part pref 16 Universal Cooler class A....* Class B 61. * com * 1254 Dec. 434 Dec. 234 5034 134 5 2 Dec. 27 12 11 17 • 58c 254 254 Dec. 27 48 34 Dec. 6 2 34 Dec. 1 Dec. 23 29c 3 2 Dec. 50c 19 Dec. 734 1 22 54 75c 25 3 54 134 1 Dec. 15 6 A? 2 34 Mar. 31 Apr. 19 1 Mar. 30 534 Mar. 31 1 70c Dec. 21 29c 12 6 14 Dec. 5 17 734 Dec. 23 Dec. 10 Dec. 21 50c Dec. 9 19 Dec. 20 254 Dec. 21 154 Dec. 22 2234 Dec. 21 62c 2 54 60c 2 2 Dec. 30 Dec. 1 Dec. 1 Dec. 7 Dec. 14 2134 Dec. 31 3 34 Dec. 2 134 Dec. 13 23 34 Dec 4 54 Dec. 2 June 7 2554 Mar. 31 234 Sept. 26 2 7 June 13 Dec. 30 Mar. 26 Oct. 13 6 34 Mar. 30 14J4 Sept. 26 22 34 Mar. 7 6 Mar. 30 534 Mar. 30 37c 4 Apr. 154 Mar. 29 40c Mar. 31 1534 Mar. 30 134 Mar. 31 154 Dec. 22 17 Mar. 19 55 77c 88c 80c 98c 75c Dec. 21 Dec. 22 80c Dec. 9 60c Sept. 10 2 Dec. 22 5 May 31 334 254 154 4 3 45c Sale 45c 234 154 154 50c 35c 18 "834 234 154 254 3 254 234 2134 954 234 834 234 2 34 334 3 34 26 Sale 1534 754 Sale 3 154 Sale 1934 1554 834 JX 4134 19 "4 54 Sale 20 754 1034 234 Sale 654 154 154 Sale 334 354 234 234 26 2454 254. 234 ly> 97 16 2034. "1834 14 254 Dec. 2( 754 Dec. 19 8 Dec. 15 45c 30c 234 Dec. 13 7 234 Dec. 154 Dec. 28 3 354 434 3 134 1834 Dec. 2 Dec. 31 334 Dec. 254 Dec. 3 2 Dec. 5 15 45c Dec. 2 Dec. 28 14 54 Dec. 7 34 Dec. 1534 Dec. 19 Dec. 15 40J4 Dec. if* & Dec. 13 18 19 Dec. 14 Dec. 4 Dec. Dec. 7 34 Dec. 2 Dec. Dec. 3 34 Dec. 2 34 Dec. 25 Dec. 100 Dec. 16 54 Dec. Dec. Dec. 2 Dec. 12 Dec. 10 Dec. 5 Dec. 14 13 Dec. 7 Dec. 29 254 Dec. Dec. 2 Dec. 234 754 154 234 334 254 734 Dec. 154 Dec. 1 Dec. 24 Dec. 1 9 1 26 2 54 Dec. 28 20 4 28 4 34 4 '"534 4 234 10 1834 Dec. 27 254 Dec. 134 Dec. 16 Dqc. June 7 Dec. 28 Mar. 31 834 June 11 434 Mar. 29 2 633 June 3 34 Mar. 31 3134 Mar. 30 1434 634 134 454 154 1 2 Oct. 19 Dec. 19 Dec. 30 Aug. 9 Jan. 10 July 19 125-4 Nov. 16 334 Dec. 5 Dec. 5 Dec. 2 454 Dec. 20 1834 Dec. 27 Dec. 6 134 Dec. 1834 Dec. 3 1 3 Oct. 27 454 Jan. 11 5354 Nov. 9 354 Jan. 11 IVb Jan. 10 70c 3 Feb. 16 July 25 7 June 15 12 Jan. 17 Aug. 33 Oct. 19 1754 Oct. 10 July 19 29 85c Oct. Jan. 27 154 Dec. 13 3 13 3 10 Jan. 10 2254 Nov. 9 354 Nov. 14 Nov. 14 154 Jan. 10 154 Jan. 17 55c Apr. 18 154 Jan. 11 25 2IJ4 Dec. 20 7 1054 Nov. 5* Jan. Feb. iff 154 Jan. 6 2254 July 25 17 2 21 Feb. 26 Oct. 26 Nov. 9 1054 July 25 9 1254 Nov. Oct. 27 &X 42 Oct. 14 1 2154 Oct. 24 1 ]2 Jan. 354 Jan. 20 Mar. 31 May 31 Dec. 14 8 ~ 2 354 Oct. 13 5 24 4 12 June Apr. May 31 2 34 Mar. 31 2 Mar. 30 July July Jan. 454 Jan. 11 10 5 27 Feb. 8 1 IV Apr. 1554 June 15 4 54 July 27 22 Jan. 14 13 100 July 15 22 90 3 34 Dec. 18 6 2454 1554 554 454 7 35c 103 3 34 Dec. 4 Dec. AH 2354 Dec. 28 ■ 87c 28 4 Sale 13 Dec. Sale Sale 234 Dec. 254 Dec. Dec. 30 Dec. 7 18 7 110 Sale" 154 13 14 15 13 3 534 26 Dec. Dec. 30c 28 100 354 334 ** 434 434 Dec. Mar. 11 35c 110 10934 Sale" 2 11 10 2034 Sale 834 Sale 11 20 Jan. 10 Aug. 5 Sept. 30 60c. 23c 55c 30 19 Jan. July June 30 1 1034 July 3 16 8 6 234 17 13 13 2 154 734 9 2 24 31 31 34 Mar. 29 Apr. 29 1134 May 14 Dec. 60c Nov. Feb. June Dec. Jan. Dec. 4 Dec. 254 Dec. 30 Dec. 2 Sale Dec. 234 Dec. 1234 Dec. 1634 Dec. 50c 2134 2 54 154 Dec. 30 15 3 H 50 54 12 Sale 34 --4H 1 654 Dec. 30 534 Sale Dec. Dec. 1154 Dec. 16 1534 Dec. 29 Sale 52c Nov. 10 23 534 Dec. 28 Sale 33 Sale 6 3 154 Dec, Mar. 29 Mar. 31 9 Dec. 1654 10934 Sale « 1 h* Dec. 28c 1634 5% _7% . 28 28 2454 Dec. 19 1534 Dec. 30 4 34 Dec. 12 87c 97 3 34 23 34 Dec. 3 54 Dec. 334 Dec. 17 109 Tivoli Brewing Co common. 1 Union Investment Co com..* United Shirt Distributors..* 6 34 Mar. 29 154 May 27 1 154 June 10 May 31 1554 Mar. 26 12 2 Apr. 2 54 Mar. 29 13 24 10"" 10 100 Dec. 13 54 1 Dec. 6 100 Axle com Preferred 2 Dec. 25 * Dec. 23 34 Dec. 20 1 2 Dec. 2 31 Sale 8 8854 1554 154 354 454 1654 1554 Nov. 5 Dec. 8 154 Jan. 7 Mar. 30 11454 Nov. 10 Dec. Sale *"*234 Sale" 154 Dec. Dec. 2 34 60c 55c 4134 1834 834 ..10 77 85c 114 23c JVs 334 ""354 354 Sale River Raisin Paper com Scotten Dillon com.. Dec. Dec. Dec. Dec. Dec. 75c 13 5 Dec. 31 Dec. 23 Mar. 28 81c Sale 2 13 90c Sale 834 Sale 16 1654 Dec. 13 25c 134 ~i% 32 15 Sale 1554 534 1454 954 Sale * Sale "1234 7 Dec. Mar. 31 1234 Aug. 26 70c May 27 1 May 5 234 Dec. 28 29c 134 934 • . com Parker Wolverine Co 5 2.50 com 1554 534 334 6 934 5 Sale 14 2234 Sale 434 11 ■ 3 36 28c 86c 7% 10 33 25 1654 2% 15 12 134 Dec. 1 334 Dec. 31 1134 Mar. 23 60c 7 234 Sale 6 2 234 Dec. 2 34 Dec. 28 1554 Dec. 19 10434 154 134 134 154 234 154 13 1534 "l2~54 Sale 254 45c Moore (Tom) Distillery Co__l Motor Products Corp com ...» Muskegon Piston Rg Ay» 30c 234 Sale • Micromatic Hone Corp 1 Mid-West Abrasive com...50c Murray Corp 234 37c 1 Mich Steel Tube Prod....2.50 Packard Motor Co 254 Sale Dec. 83 54 Dec. 14 34 Dec. 14 49 54 4954 8 154 154 154 354 At Sale % Vs • com 8 Sale 2% 154 49 62c Sale 234s * Michigan Sugar com.. Preferred 154 1134 654 27 54 Sale Sale 1 McAIeer Mfg Co com.. McClanahan Oil Co com ""254 Sale Sale ... Mahon (R C) class A pref Masco Screw Products 13 32 Hurd Lock & Mfg Co com__l Wheel 2434 334 2454 7 1654 • 4,948 Universal Products see page 134 1154 634 2 * Class B Hudson Motor Car 13 34 33c » com United Specialties common. 1 403 U S Graphite Co com 10 200 U S Radiator com... 1 403 """697 1234 554 154 * Class B 31,138 Timken 17 2,075 2,683 2 15 H 1 Sale 154 134 2 54 "4 54 * McClanahan Refineries. 500 Michigan Silica Co com 500 3,205 2,048 14 34 * com. 10,045 Lakey Fdy & Mach common. 1 500 La Salle Wines&Champagne 2 178 17 Sale * Kingston Products Corp Kinsel Drug Co com. 51,193 Kresge (8 8) Co com..... 720 500 Sale Sale 2 20 963 Houdaille-Hershey class A__* 3,795 10,050 154 2 3 3 478 Home Dairy class A... "5,868 Sale" Sale 534 Sept. 28 9 7834 Dec. 1334 Dec. 28 1554 Sale 81c 113 30 14,050 Hoover Steel Ball com 10 8,623 Hoskina Mfg Co common_2.50 1,205 Sale 120 734 83 1434 1.34 S&rG 3 16 14 34 79c 110 * 1,207 Gemmer Mfg Co class A. 1,245 254 4 685 Federal Screw Works 1,565 13,471 3,370 3,937 3,400 1,627 3 }a% 354 Sale 66,825 Frankenmuth Brewing com.l 13,550 Fruehauf Trailer Co com 1 81,339 Gar Wood Industries com 3 4,645 2,115 3,190 95c 15 * 6,204 Eaton Mfg Co common... 2,471 Eureka Vacuum Cleaner 42,102 Ex-Cell-O Corporation 24,432 Federal Mogul common 9,824 Federal Motor Truck com " 231 1654 Sale V$ IV 10 950 Detroit Steel Products 1~309 5 82 34 13 34 80 54 12 "I 54 Sale" 1 Crowley, Milner & Co com..♦ 995 Deisel Wemmer Gilb 577 80 Sale Cunningham Drug Sts..2,50 56,900 Detroit & Cleyel Nav com..10 8,842 Detroit Edison com. 100 32,590 Detroit Gray Iron Fdy 1 78,804 Detroit Mich Stove common. 1 66,076 Detroit Paper Products..... 1 8,263 Detroit Steel Corp com.. 5 23,609 Sale Jan. Jan 834 Mar. 30 Mar. 25 110 234 June 16 334 Sept. 27 1 234 Apr. 4 1834 334 254 134 1034 Dec. 10 Dec. Feb. 27 Dec. 12 Dec. 12 Apr. 4 1 Nov. 12 Dec. 7 454 Mar. 654 Jan. 5 554 1854 454 554 354 19 Jan. Sept. 1 5 11 8 Dec. 27 Aucr. 1 Jan. 1 Jan. 12 Nov. 10 STOCK EXCHANGE STOCKS 17 2,200 375 16 36 Unlisted Dept.— " 20,114 American Radiator. 2,293 Amer Tel & Tel Co 3,209 Borden Company.. 8,823 Borg Warner Corp com 1,419 199 593 670 ""% 15c I"" 74 734 1,128 1,901 1,076 3,092 43,698 6,375 70,410 3,414 10,687 14,803 829 5,589 430 1,680 2,686 27c 2% 9% jy* 88 100 ~ 100 25 5 30% Sale Sale 1% Sale 10 Nash-Kelvlnator Corp......5 41 Dec. 28 Sale 19 Dec. 22 8% Sale Sale Sale Sale' 7 Dec. 22 21% Sale Purity Bakeries Corp Socony-Vacuum Corp....-25 Standard Brands Inc * No par value. a Cash sales in which "7" Sale' Deferred delivery sales. no account is taken in r Sold for cash. x 13% 7% Sale 9% 126% 15% 18% 1 8 Dec. 31 Dec. 31 25% % 26% 13% 1 Dec. Dec. 15 Dec. 15 8 13 Dec. 21% 14% 13% 7% Dec. 31 Dee. 14 Dec. 6 Dec. 31 Dec. 6 21 23% Oct. Mar. 30 19 Apr. 8 150 June 17 18% May 26 36% Oct. 15 Nov. 14 Nov. 9 Oct. 19 2% Oct. 27 21 9 6 Oct. 17 2% Oct. 10% July 40% Nov. June 15 May 27 May 28 21% Nov. 1 Jan. July Dec. Oct. Jan. Jan. 10 25 8% May 26 10% Mar. 29 Dec. 6 21 Mar. 26 May 25 May 16 Mar. 29 10 18 14 6 Oct. 24 Dec. 8 9 88 6% Apr. 1 11% Sept. 24 9% Dec. 15 12% Dec. 21 Sale Sale 6 Dec. 3% May 31 80% Apr. 2 13% Jan. 4 12% Dec. 10 18% 17% Sale 100 N Y Central RR 1% Jan. 3% Jan. % Jan. 6 1% June 12c 17% Dec. 10 12% Dec. 21 National Dairy Products.. 4 8 1% Dec. 9 39% 2% 44% 20% 37 43% 20% 2% Sale 43% Sale Sale Sale Nov. 25 Oct. 28 25 8 Dec. 20 17% Dec. 29 1% Dec. 9 8% Dec. 14 Dec. 2 1% Dec. 21 Sale "8% Sale 13 Sept. 27 53c Dec, 5 Dec. 16 Dec. 8 88 8 Dec. 39% 1% 2 Jan. 1% Apr. 20 15% Sale 9 18% Dec. 29 146% Dec. 22 149% Dec. 13 6 16% Dec. 15% Dec. 22 30 Dec. 5 33% Dec. 15 16% Sale 148% Sale .... Highest Sale Price* 15c 8 17% Dec. 28 20 19 25% 1 80c 1% Dec. 28 Dec. 6 12c Dec. 7 Dec. 27c 80 100 Lowest Sale Prices 24% Dec. 27 3% Dec. 20 1% Dec. 17 2 3% Dec. Sale Sale 17c 6 8% 7 12 25,224 8,903 Consolidated Oil Co 5,105 General Foods Corp 39,214 Hupp Motor Car Corp 12,661 Kennecott Copper Corp... 8,130 Kroger Groc & Bak Co 688 2% \ Commonw Ac Southern Corp * 2,332 Sale 80c 82% 4,965 Young (L A) Spring Ac Wire 1,370 24% 3% 1% 1% 3% 2 100 Preferred 25 24% 3% 20 Sale, % Sale 2% ... 275 Ask Bid » 2,787 Walker Ac Co class A Class B • 27,364 75,055 Warner Aircraft Corp com__l 4 13,617 Wayne Screw Prod com 27,800 Wolverine Brewing Co com__l 2 5,498 Wolverine Tube Co com 3,650 18,998 Highest Sale Prices Sale Prices 24% Dec. 27 Ask Ask Bid Bid Lowest Dec. 31 Dec. 1 1938 Shares Shares 270 ♦ Price Jan. 3 12 Months 1938 In December RANOE FOR YEAR 1938 PRICES IN DECEMBER DETROIT SALES AGGREGATE EXCHANGE STOCK DETROIT JAN., 1939] 21 51 12% 16% 21% 14% 16% 9% 31 31 11 12 Ex-dividend. U. S. Graphite Co., Dec. 30 at 17%; Young (L. A.) Spring & computing the monthly or yearly range are: Wire Co., Dec. 30 at 19%-19%. Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD STOCK EXCHANGE RANGE OF PRICES ON THE PHILADELPHIA December Shares. Jan. 1 to Dec. 31 aggregate sales _ 1938 9 "2*. 606 5,176 1.567 250 412 688 1,746 STOCKS 848 855 2,631 2,178 22 155 9,254 2,905 1,552 43,152 16,120 ""ioo 447 1,687 41 2,099 2,402 2,560 125 1,227 1,017 ""800 2,598 234 2,303 4,336 6,420 861 50,312 11,545 25,333 pref 18% 100 Mfg Co. * .........100 950 Horn AtHardart (Phlla) com.* 2,172 Horn 8c Hardart (N Y) com..* 27,357 Lehigh Coal & Navigation..* 13,613 Lehigh Valley 50 18,602 Nat l Power Ac Light * 181,285 Pennroad Corp v t e * 139,909 Pennsylvania RR...... 50 1,317 Penna Salt Manufactur'g-80 4,185 Penn Traffic com........2% 5,136 Phila Elec of Pa $5 pref • ...25 921 Phlla Insulated Wire.......* 8,581 Phila Rapid Transit... 50 Phlla Elec Pow pref 10,287 7% preferred 14,253 Philadelphia Traction 3,220 Reo Motor Car Co..... 50 50 1 202,018 Salt Dome Oil Corp * 7,275 Scott Paper..... * 1,165 Tacony-Palmyra Bridge 24,100 Tonopah-Belmont iOevel 1 —1 21,303 Tonopab Mining 2,765 Transit Invest Corp......— Preferred...............— 14,523 50 27,625 Union Traction 49,294 United Corp common.......* Preferred...........—.—* L 9,459 346,892 United Gas Impt com.......* 9,360 607 • Preferred 5,686 Westmoreland, Inc......—.* 4,235 Westmoreland x Ex-divldend. a Highest Sale Prices 7% Dec. 14 Sale 8 Lowest Sale Prices 8% Dec. 10 9% Nov. 21 5 Apr. 4 May 26 6% Sept. 7 72 "25" "id" "15" "15" "12% ~II%~Dec.~21 II %~D~ec".21 9 Jan. i Coal.......-* 26% Sale 29% Sale Sale 7% Dec. 27 9% Sale 9% Dec. 31 8 145% Dec. 21 149% Dec. 148% Sale 149% 150 17 13 15% Dec. 29 15% Dec. 29 16 24% 20 18% Dec. 13 20% Dec. 17 Sale 20% 19% 7 121% Dec. 17 120% 120% 119% Dec. 119% 121 5% Dec. 12 7% Sale 7% Dec. 31 6% Sale 50 44 48% Dec. 15 48% Dec. 15 5% Dec. 31 5% Sale 4% Dec. 28 4% Sale 8 82% Dec. 28 78% Dec. 82% 82% 81% Sale 1 6 Dec. Sale 5% Dec. 28 5% Sale 6 5 31% Dec. 32 28% Dec. 28 29% Sale 31% Dec. 50 50% 47% Dec. 10 51 49% Sale 95 118 8 8% 144% Sale 15"" "15% 115% 118 4% Sale 6 Sept. 20 37/ Sale Sale 47 102 22% 3% 5% 23% 4 Sale 7% Sale 2% Sale Sale 21 2% 3% 115% Sale 29% Sale 18% 21 2 Sale 3% 5% Sale 7 Sale 13 37% Sale %, % % % 2 2% 3% Sale 28% Sale 10% Sale 105% 106% 10% 9 10% Includes 647.269 rights. 36% Dec. Dec. 17 19 121% Dec. 7 38 Dec. Dec. 22 Dec. 12 Dec, 10 12 3% Dec. 31 5% Dec. 27 8 Dec. 31 1 Sale 1% Dec. 12 1% Dec. 1% Sale 5 24 Dec. 31 Sale 24 Sale 19% Dec. 161 172 157 8 8 2% Dec. 2% 2% 2% 2% Dec. 2% 5 118% Dec. 29 115% Dec. 117% 120 115% 116 1 1 30% 30% Dec. 30% 30% Dec. 30% Sale 1% 20% 18 1% 3% 8% 16% 49% 36 31 29 124 151 145 128 118 107% 115 36% 37% 37 3 % Sale 2% 3% 3% 5 Sale 3% 4% 5 8 Sale 7% 7% Sale 35 8 JH 3 3% 33% 11% 113 8% 9 Sale 2% 4% 18 17 1% 3% 8 Sale Dec. 18 2 4 8% 50 48 17% 48% 38 34% 1% 3% 6% 1% 1 Dec. Dec. Dec. Dec. 19 28 18% Dec. 2 5 Dec. ~ 28 "8 15 4% Dec. 8% Dec. 15 1% Dec. 15 16% Dec. 29 47% Dec. 19 17% Dec. 27 1 36 Sale 16% %6 ""% 1% 1% 3% Sale Sale Sale 1 % 2% 3^ U,% % 9 19 Dec. 6 1% 1 3 % Dec. 27 2% Dec. 22 Sale 34% Sale ale tale "IS ni% 10 8 %6 Dec. %, Dec. Sale 2% Dec. 27 5 32% Dec. 10% Dec. 21 Ill Dec. 28 7% Dec. 29 8% Dec. 15 49 Dec. 12 %6 Dec. 8 % Dec. 14 1% Dec. 6 1 Dec. 5 3 1 10 Dec. 29 Dec. 8 8% Dec. 1 3% 3% 35% 11% 113% Dec. Dec. Dec. 9 Dec. 6 6 5 11% Aug. 111% Mar. 30 150 15 Mar. 31 16% 23% 12% Mar. 31 9 112% July 3% Mar. 29 42 . Jan. 26 2% Mar. 28 36 Mar. 23 6% Sept. 24 7 Jan. 24 101 Par * 10,190 Budd Wheel Co 56,321 Chrysler Corp... .....5 3,428 Curtis Pub Co common.....* 82,074 Electric Storage Battery....* ....10 97,691 General Motors 29,378 Sale Highest Sale Prices 101 Tel......100 Bell Tell Co of Pa Bid Lowest 64 Stores..........-* Budd (E G) 58 Preferred 1,809 1.568 No par American American Tel & 1938 Sale Prices 31 Ask Ask Bid 8 8 6 983 Bankers Sec Corp prsf 50 6,885 Barber Co ......—10 10 488 Ask Bid Elec Ac Peoples tr ctfs 4s.1945 3,000 Lehigh Valley 4s.. 1948 5,000 4%s 2003 1,000 Pennsylvania 4%t 1965 20,000 Peoples Pass tr ctfs 4s 1943 Dec. Dec. 1 1938 651,700 20,702 42,182 YEAR RANGE FOR PRICES IN DECEMBER BONDS Shares Shares 920,700 Price S 82,000 Jan. 1 to Dec. 31 Jan. 3 12 Months December 1937 $75,000 779,600 $84,000 PHILADELPHIA STOCK EICHANGE In December-. 231,960 a4,340,991 431,923 3,356,436 1938 Bond Sales 1937 1938 Stock Sales Mar. 31 4%*Mar. 30 21% Mar. 31 25% Mar. 31 12JJI IS Jan. 13 Jan. 18 Nov. 14 Mar. 18 Oct. 24 Dec. 17 Dec. 31 Dec. 15 Aug. 24 88% Nov. 9 8% Aug. 8 34% Nov. 9 53% Nov. 9 100% Jan. 11 121% Dec. Dec. 21 % Feb. 1 38 3 5% July May 31 3 Mar. 30 7% July 9 «% Oct. 4% Mar. 29 Jan. 1% Dec. 14% Mar. Apr. Aug. Nov. 22 Feb. Feb. 17 Nov. 23 Nov. 23 Nov. 22 Mar. >ct. Oct. Mar. 6 July 23 Feb. Jan. 8 22 M-y 10 10% Jan. 35% Mar. 26% Mar. Nov. Mar. Nov. Jan. Mar. Mar. Mar. Mar. Apr. 17 Feb. 4% Apr. 1% Dec. % % % 1% 1 % 22% 8% 99% 6% 10 20 5 Feb. 15 Oct. 29% Apr. 17 Aug. 1% Sept. 2 6 25 17 " Jan. 123 2 112 17 12 15 21 Jan. Nov. 23 Mar. 29 4% 4% 37% 12% 114% Nov. 21 Oct. 17 Oct. 17 Nov. 12 Nov. 30 10% Jan. 21 10% May 16 San Francisco Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Stock Sales 1938 December— Jan. 1 to Dec. 31 AGGREGATE In December SALES 1937 820,857 5,808,274 Shares_ 499,938 6,504,821 SAN FRANCISCO STOCK EXCHANGE 12 Months 1938 Bid RANGE FOR 1961 Market Street Ry 7s 1940 S J Lt & Power Corp 6%. 1952 2,000 South Pacific Co 4 % % —1969 1,000 Union Oil Co of Calif 6%. 1942 Dec. 1 Ask Bid Dec. 31 Ask Bid Lowest Highest Sale Prices As* Sale Prices Lowest 98% 102 105 99 Jan. 107 103% Feb. Sale Prices 90 9 Aug. 7 102 Mar. 21 17 108% Mar. 12 101% Mar. 26 101% Mar. 26 80 June 7 Aug. 24 85 100 130 60 1938 Highest 101 — 63% Oct. 24 130 Oct. 24 57% Feb. 17 57% Feb. 17 116% May 16 116% May 16 119 115 YEAR Sale Prices 78 May 12 89 Coast Co G & E Co 4%..1965 Langendorf Unt Bak 6% 8 '41 $1,000 121,000 3 1938 6%.. 1945 1937 $"54,606 PRICES IN DECEMBER $ Atlas Diesel Eng Co Calif Water Serv 4% 1938 Jan. 1 to Dec. 31_. Price Jan. BONDS 6,000 7,000 2,000 1,000 11,000 4,000 Bond Sales Dece/mber UNLISTED BONDS Crown 2,500 Willamette Paper— 1st mtge 6% Miller & Lux— 1951 5,000 Ctf of dep 1st mtge 6% 1945 Ctf of deposit 7% notes *35 3,500 5,000 So Calif Gas Co 4% % ser 1961 2,000 So Cos Gas Co of Cal 4)4 % '68 Shares STOCKS Shares 102% Feb. 19 105% June 22 118 116 116 114 115% 115% 19,120 Alaska Juneau Gold M 2.940 28,942 cap .10 Anglo-Amer Mining Corp Ltd Common 11 11% 1 13,550 3,385 2,802 10 300 10 978 Bank of Calif Nat AssncaplOO 2,613 40 593 10 80 110 722 3.08C 60 13,903 330 30 4,570 1,414 50 15,315 3,380 1,582 981 10 1,975 Beech Aircraft Corp com Bishop Oil Co Byron Jackson 50,375 Garson Hill Gold Mg capital. 1 33,464 Caterpillar Tractor cap • 1,740 Preferred stock ...100 219,468 Central Eureka Mg Co com..I 117,530 Preferred 1 54,954 Chrysler Corp common 5 4,899 Clorox Chemical A * 677 Coast Cos Gas&El 6%lstpfl00 6,745 3,653 29,547 Consol Aircraft Corp Consol 385 13,330 95 12",553 231,524 1,100 1,100 2,566 1,730 16.450 684 Chemical 1 Industries com Inc class A partic pref • Creameries of Amer (new) 1 Crocker First Nat Bk SFcaplOO CrownZellerb Corp com (new) Preferred (new) 2,633 Cypress Abbey Co common-.2 14,036 Dt Giorgio Fruit Corp com. 10 6,635 Preferred.. 100 4 65 12% 46 48 4 1.70 Sale 46 47% 3% 79% 35% 104% 24% 28 30 4% Sale 308 375 40 2,658 10,249 22,029 102,591 36,836 3,327 20,769 108,510 783 9.168 2,400 4,464 2,167 16,476 42,461 72,752 211 Common capital .2% General Motors ...10 General Paint Corp com * Preferred ..* Gladding McBean Co com..* Golden State Ltd cap......* Hale Bros Stores, lnc, cap..* Hancock Oil • Hawaiian Pineapple Co (new) Holly Develop Co common.. 1 4 4% '16"" "19 34 69 200 50 2,879 2.328 1,542 1,830 190 702 2,574 435 13,577 680 752 2,848 * 1,465 Co of Calif capital 10 38,244 HonoluluOilCrpLtd cap new* 940 Honolulu Plantation cap...* 1,989 Hudson Motors Car Co ,.* 9,127 Hunt Bros. Packing com * 7,784 Preferred...— 10 580 Hutchinson Sug Plant cap.15 22,735 Langendorf United Bak cl A * 42,867 Glass B * 2,514 Preferred 8,393 Leslie Salt Co capital .._..* 57,319 Le Tourneau Inc common.10 2,266 Libby McNeill & Libby * 199,734 Lock Heed Alrcr Corp com..1 2,926 Lyons-Magnus Inc A * 1,612 B .♦ 28.007 Magnavox Co Ltd (capltal)2% No par value, t Removed from listing 1 2.10 Sale 96 Dec. 98 33c 30c 4% 293 40 Sale 40 84 Sale 21 7% Sale 8% 29% 7% Sale 12% 9 31% 7% 23% 7 3% 11% 24% 21% 26 22% 35% 1.35 16 21 6% 1 36% 17% 28% 7% 2 2% 15% 3% 19% 7 9 6 34% 50 Sale 8 14% 7% 8% 25% 32 9% Sale 6% Sale 13% Sale 40 42 40 42 19% 20% 18 19 Sale 1 90c 38 41 35% 21% 22% 17% 8% 22 16 7% 55c Sale 2 Sale 8 10 27% Sale 6% 28 % 39 7% 38c 1.45 7 Sale Sale 16% Sale 40 40 40 Sale 7 Sale 6 50c 65c 13 a W 9 31% 5% 37% 4% Sale 20c 75c 50c 1 40% IF 7$ 1.60 10 Sale 10 42% Sale Sale Sale 5 40c 70c 12 I July 25 July 16 Nov, 22 Dec. 37% Alar.: Dec. 83 Dec. Mar. 99% Alar. 1.65 Jan. 1.65 Mar.: 36% Dec. Dec. 17 4% Dec. 28 Nov. 22 Nov. Nov. 14 Feb. Nov. 23 Jan. 25 Oct. 27 Dec. Dec. 11 Apr. Sept.: 22% Dec. 4% Dec. 15 Dec 3% Alar. Sept. 7% Mar. 290 12% Dec. 9 86 Dec. 13 90 Dec. 75c Dec. 28 75c Dec. 28 1.75 Dec. 28 Dec. 29 13 5 3% Dec. 9% Dec. 16 16% Dec. 19 14 Dec. 6 32% Dec. 26 14% Dec. 31 13 2 3% Oct. 9% Dec 15% Mar.: 10 Dec. 18% 15% 35% 11% Dec. 15 Dec. 16 Dec. 30 8 Dec. Dec. Dec. 6 35 35 Dec. 23 12 35 84 Dec. 23 Dec. 1 33 34 Dec. Nov. 9 62 Mar. Mar.: 17 Mar.: iF Apr. 66c June Dec. Apr. Dec. 20 Dec. 1 Dec. 20 5 25% Apr. 18 25% Mar. 31 6 Sept.26 11% July 23 53% Nov. 9 10 July 7 Dec. 28 25 30 Dec. 31 Dec. 1 Dec. 13 Dec. 3 Dec. 2 Dec. 2 6% June 6 2% Apr. 29 11% Apr. 7 25% Mar. 31 16% Dec 21 16 13 Dec. 20 13 14 35c Dec. 27 1.30 Dec. 28 14 16% Dec. 21 55c 2 Dec. Dec. 1 1 40% Dec. 22 18% Dec. 10% Dec. 44% Dec. 1 1 40 Dec. 5 Dec. 19 1 Dec. 5 40 27% Dec. 5% Dec. 1 31% Dec. 29 Dec. 9 5 4% Dec. 23 Dec. 28 Dec. 14 6 Dec. 7 37% Dec. 29 5% Dec. 13 40c Dec. 1 75c Dec. 7 Apr. Mar. 24 32 23% Dec. 38 June 30 Nov, 15 July 13 Aug. 3 Mar.: 9% 6% 13% 40% 6 Mar. 26 1 2 Oct. Oct. 14 29% Jan. 1.30 Oct. 44 22 8 41 Nov. 10 30 24% Oct. 20 28 Sept 26 ar. Dec 35c 1 30 Dec 7% 12 3% 35% 32% 13 Sept. Apr. Apr. May Apr. 12 29 12 24 25 Mar. 31 5% Dec 5% Mar 4% Dec 25c 27 28 Dec % Jan 9 30 23 28 3 18 12% July 23 7% Nov. 1 15 July 7 Dec » 7 50c 23 27 2 28 14 Feb. Dec. 17 25c Oct. Dec. Dec. 9 July June 6 21% Dec. 14 Mar. Mar.; 19 16% Dec. 37 I 20 Nov. 18 Nov. 28 Oct. 27 Dec. 22 8% Dec. 6% Dec. 13% Dec. 11 13' Jan. Mar.: 30 1.75 Dec. 31 Dec. 19 Jan. Jan. Dec 1 10% Dec. 50% Dec. 15 7% Dec. 3 Dec. 47% Dec. 35 1 75 Dec 6 12 9 Sept. 30 2 35 90c July 5 Nov. Nov. 15 17 21 7 27 75c 15 Jan. Mar. 2.35 Dec. Dec. 9 56 16% Dec. 3% Dec. 10 81% Dec. 23 33% Dec. 28 1 9 Alar.: 26 Dec. Dec. 30 101 106 21 32 Sale 26 Jan. July 11 Aug. 10 Sept. 19 30 20% Dec. 21 Sale iJan. Dec. 21% 49% 7% 27 18 June Dec. Dec. Dec. Dec. 24 13 Dec. 14 25% 8% 6% 24 July 25 Nov. 15 36c 1.25 Dec. 28 Dec. 19 24 Oct. 14% July 2.00 July 46% 105% 4% 4% 14 Sale 3 23 May Jan. Dec. Dec. Dec. Dec. 1.75 Sale 14 16 1.90 10 35 16 % % % Sale 41 Sale Sale 18% 10% 44% n* 37% 82 32% 33 July Dec. 16 14 95c 33% 23 35 34 25% 1 2.25 10% Sale 35 6 87% 40 18 22 Sale 55c 2.10 15 13 Sept. 31% Mar. 14% Dec 45% Apr. 87 Alar. 15c Apr. 325 13% Sale 3% 4% 20 15% 10 9% 15% 15% 35% Sale 10 9% 16% 4% 10% 21% 14% 14% 34% 9% 29% Sale 1% 2% 16 17% Home Fire & Marine Insur 160 3,973 99 75c J* 1,054 7,284 1,128 96 31c 14% 16% 3% 9% 15c 25 Oct. 5% Mar. Dec. 38c Dec. 86 n 14% Dec. 46 Sale 4 24 6 12% Dec. 50 Sale 4 Dec. 8 35% 20% 4% Mar. 10 July 1 05 Dec 20% Dec. 50% Dec. 13 23 45 1.35 Dec. 90 22,989 Emsco Derrick & Eq Co cap.5 820 Ewa Plantation 20 1,444 Fireman's Fund Indem cap 10 20 325 Dec. 12% Dec. 18 Nov. 25 16% Dec 19% Mar. 3 Sept. 54 72c 10% 11% 28% Sale 1,240 23% 4% Dec. Dec. Dec. Dec. 14 25c Mar. Jan. 17% 203^ 20% 3% Dec. 28 Sale Aug. 6 May 17 Sept. 15 3% Mar. 13% Mar. Dec. 28 Dec. 29 6 Dec. 2 Dec. Dec. 34% 17% 48% 14 2 1.05 Dec. 21 11 Dec. 28 35c Jan. 171 10 2 4 Dec. 54 9% Sale 64% Sale 5,290 Doernbecker Mfg Co...... 1,558 Electrical Products Corp—4 8,722 Fireman's Fund Insur cap 25 19,342 Food Machinery Corp com. 10 7,129 Foster & Klolser com 2% 573 Class A preferred 25 Galland Mercantile Laundry 1,154 common (capital) .....* General Metals Corp— 21% 4% 295 1.00 15% 16% 20% 3% Sale 45 46% 47% 104% 104 107% 103% Sale 3% Sale 3% 4 3% 3% 3% 82 80% 83 78 35 37 39% 35% 106% 106% 108 106 26% 25% 26 25% 45% 103 1.65 Sale 4,100 El Dorado OH Works cap...* 999 32c 18 13% Feb. Jan. 4% Dec. 1.30 Sale 12% 30c 190 4% Dec. Mar. 30 June 8% Dec 2% Jan. 4% Mar. 4 Sale 9 16c 10% Dec. 4% Dec. 7% Dec. Dec. Dec. 61 Sale 25c 25c Dec. 1.05 35c 23c 32 01 % 103 17% 18% 185 9% Dec. 23 27c 50 11 12% 34 38% 20% 20% 51 50% 95% 101 35,295 Emporium Capwell cap.....* 9.060 Preferred 50 520 3 34% 42% 19% Sale 48% 50% 91% Sale 27% 6 16% 20% 20% •3% Sale 10% 99% 100 7 8 jK 9 Dec. 8% Dec. 4% Dec. Sale 200 190 25c 946 10 Sale 1.30 4,805 2,020 3,265 220 21 * 7% preferred 100 1,580 Calif Art Tile Corp class A__* 540 Class B * 7,425 Calif Cotton Mills cap...100 41,377 Calif-Engels Mining Co 1 1,490 California Ink Co lnc A..—* 50,358 California Packing cap * 3,881 Preferred 50 250 California Water Serv preflOO 865 530 com 18% Sale 20% 20% ...20 Calaveras Cement Co 4 9% Dec. 20c Sale 4% .x»« * 10% 25c 10% 4% 6% 200 4 9%. 22c 6% 190 Calamba Sugar Estate com 20 Preferred.. 30c Sale 6 1 cap 10% 10% 4% ,—...5 com 10 23c 38,917 Anglo-Calif Nat'l Bank 20 50,646 Assoc Ins Fund Inc com caplO 36,821 Atlas Imp Diesel Eng Co....5 8,524 30,948 14,806 2,275 4,664 160 Jan. 26 119% May 12 May 11 117% May 11 Feb. 10 Sept. 16 108 Oct. 4 103% Oct. 4 pat 1.212 1,667 117% 117% 106% 103% Feb. 9% July 1% Jan. 5 14 29 4 2.90 June 30 Jan. 10 19 Nov. 17 11 Nov. 16 17 44% Nov. 28 41 Nov. 26 32% Nov. 10 8% Jan. 26 37% 1 29 5% Aug. 25 55c July 25 1.13 Jan. 18 SAN FRANCISCO STOCK EXCHANGE PRICES SAN FRANCISCO STOCK EXCHANGE * RANGE FOR IN DECEMBER Price Jan. 3 STOCKS 17, Magnln & Co (I) common...* 40, Merchant Cal Mach 10, Meleir-Frank Co ...100 Preferred Co 10 com Bid 10% 90 13% Vfenasco Mfg Co common... 1 .19, 67, Nat Auto Flbre» IncCom 5 N atom a a Co stkl capital * North Am Inv Corp com. .100 1, 1.50 100 31 26 1 34 Occidental Petrol Corp com.l 27c 29 14% 5% Sale 9% 8% 5H #%% preferred 100 North Amer OU Consol cap. 10 Occidental Insurance cap.. 10 6% preferred 12% 102 8 10 .48, Ask 9% 26 2 * 9 Oliver United Filters Inc A..* 15 14 100% 15% 9% 4% 8% 11% 6% Ask Bid Sale Lowest Highest Lowest Sale Prices Sale Prices Sale 14% 9% 5% 8% 12% Dec. 23 14 Dec. 15 13% Dec. 22 9 Dec. 17 15% 9% 5% 8% 11% 6% Dec. 1 Dec. 1 Dec. 31 Dec. 1 Dec. 10 Dec. 5 Sale 10% Sale Sale 7 5 9% Sale Sale Sale 7 31% 29% 10% 11 Sale Sale 3% Dec. 28 6% Dec. 8 10% Dec. 29 5 Dec. 20 35 43 45 10% 26% 11% 30c 22c i?* 7 Sale 20 36 29 Dec. 20 11 10 Dec. 12 22 27 25% Dec. 5 16c 20c 15c Dec. 28 32% Dec. 14 10% Dec. 24 26% Dec. 1 23c Dec. 5 June 6 92% Apr. 1 14 100 Sale 30 48 11 Sale 13% Ask 5 7 8% Mar. 29 7% Mar 30 80c Mar. 26 3% Mar. 29 7% Oct. 31 3% Mar. 26 23 17 Mar. 29 23 Mar 31 15c Dec 28 Apr. 26 9% Oct 31 O'Connor Moffatt & Co— 7, 4t" Bid Sale Prices Dec. 31 Dec. 1 1938 Par Class AA 33 2, 5, 23, 1, .11, .37, 88, 27, 38, 5, 86, • 5% 6 PaauhauSugarPlantCo caplS 10% 12 Paclfic-Amer Fisheries, Pacific Can Co 21 Inc.5 * Pacific Clay Products.... Pac Coast Aggregates com. 10 Pacific Gas Ac Elec Co com.25 6% preferred........25 1st preferred......25 1st Pacific Lighting Corp com..* $6 dividend pref ..... * Pac Pub Serv com non-vot__* 4, 37 5, 1, 1, common B 10 9% 5% Sale 5% 4% 29% 29% 26% Sale 36 35% 17 Pac Tel At Tel Co common. 100 111 100 131 First Sale 4% Sale * preferred...........* Common 2.15 1.45 Sale 27% Sale 103 17% 114 140 Pacific Western Oil capital. 10 11% 14 Paraffine Cos, Inc., com * 34 100 80 37 92 Preferred .... Philippine Long Distance Tel Co capital 100 5 2 Phillips Petroleum Go cap--* Plg'n Whistle Corp partfc pf * 37% 1% 39% 2% 39 41 42% 7 40 L79 6% 17 r22 3% 32% 12% 9% preferred...25 Republic Petroleum Corp—1 Preferred.-..'. 50 Rheems 1 Mfg Co Richfield Oil Co common 2 2.45 Com stock purch warrants. 1 5 Rooa Bros Inc common 11* preferred ...... 100 Ryan Aeronaut Co com cap.l Safeway Stores Inc common Schlesinger (B F) com (new). Preferred (new) 25 Shell Union Oil Corp com..* 8 %% cum conv pref 100 Series A 76 4 6 5 11 1 4 27 2 5% 14% 104 Sherw d Swan Co Ltd cl A..10 21 Signal Oil & Gas Co class A.* 1 Sou Cal Gas pfd 7 4 cum A.25 24 Sale 42 13% Sale 2.65 18 Sale" 28% Sale 22% 94 Sale Sale 10c 35c Spring ValleyCo Ltd capital * Stand Oil Co of Calif capital • Super Mold Corp of Cal cap.10 6% 8 29% Sale 13% 14% 19 Texas Consol Oil Co com... 85c 29 Tide Water Assoc Oil Co com • 4% % preferred new 100 1'ransamerica Corp capital..* 9 2 13% 7 28% 2 30 % Jg* ti* 1.25 1% 14% 75 82% 10% Sale % 13% 6 6% Sale Sale 6 1 5 May 26 21% Dec. 29 15 Mar. 29 Dec. 1 Dec. 8 27 Dec. 5% Dec. 28 1 2.10 Dec. 2.75 15% Sale Dec. 29 Dec. 2 Dec. 7 Dec. 7 2.40 Dec. Dec. 12 15 28 23 Mar. 31 Dec. 30 27 Mar. 31 Dec. 29 Dec. 29 25% Mar. 30 32% Mar. 31 Dec. 28 99 S8 6% 10 Dec. 6 Dec. 8 Dec. 30 Dec. 7 Dec. 20 Dec. 30 35c 5 1 6 9 Dec. Dec. 19 48% 6% May 13 Dec 27 Mar 29 Dec 28 Jan. 13 Mar. 31 3% 6% 13% 87% 131% 11% Mar. 30 Dec. 30 Mar. 30 Apr. Apr. Dec 1 8 30 Dec. 28 29% Mar. 31 Dec. 10 89 June 30 16 24 28 6% Dec. 23 7 40 Dec. 16% 22% 3% 37% 12% 8% Dec. 20 7 Dec. Dec. 22 Dec. 16 8 Dec. 9 Dec. • 2.35 Dec. 28 Dec. 13 14 1.75 Dec. 31 1 6% Dec. 7% Dec. 16 20 44 Dec. 17% Dec. 31 23% 3% 37% 13% 9% Dec. 15 Dec. 1 Dec. 16 Dec. 30 Dec. 1 2 Dec. 1 2 Dec. 1 Dec. 2 Dec. 15 Dec. 13 6 Dec. Dec. Dec. 14 2 28 Dec. 30 Dec. 30 Dec. 1 10c Dec. 14 25c Dec. 01c Dec. 17 06c Dec. 31 48% Dec. 29 5% Dec. 27 48% Dec. 29 6 Dec. 9 28% Dec. 31 15 16 16 26 13 2% Mar. 29 Mar. 29 30 9% Mar. 29 4% Mar. 29 Mar. 30 2.35 Dec. 28 7% Dec. 31 3% Dec. Aug. 31% May Sept. 3% June 4% Sept. 27 Sept. 8 May 17% Aug. 100 June 22 14% Dec. 28 5% 4% Dec. 28 14% 13% Dec. 12 104 Dec. 22 105 6 5 Dec. 5% Sale 30% Dec. 31 33 19% 18% Dec. 20 21% 3 96 94 Dec. 95%, 1 32 32% 30% Dec. 8 21 Sale 17% Dec. Sale 3% 4% 5% 4% 5% 1.40 50 if* 06c 26 5 29% 2.10 Oct. Dec. 105 Tic 47% 26 >96 18% Sale 23% Sale 3% Sale 37% 37% 13% 13% 4% 14% 104% 102% 5% 6% 25c A 17 6 34 Sale *1* 15 Class B • Sperry Corp common v t c—1 Thomas Allec Corp class 6% 95 Sou Pac Golden Gate cl A. L48 3 Sale 18 , 1.75 Sale 4* Sou Pacific Co com (cap'l).lOO L50 25 6% Sale 21% 93% 30% 100 Preferred 5 JH 1.75 32 5 Soundview Pulp Co new L04 Dec. 5% Dec. 19 5 5% Dec. 5% Dec. 27 44 1.50 6% preferred (new) 100 Rayonier Inc common—...1 44 Sale 7 20 54 Puget Sound Pulp & Tim com Cumulative 2.40 50 Ry Eq Ac Realty Co Ltd com.* 1 8 Sale 8 21% 5% 6% 6% 9% 6% 54 8 57 6% Sale 5% 5% 5% 9% 6% 50 2 56 6 6 20 6 28 Dec. 29% 29% 28% 28% Sale 9 31 32 32% 30% 30% Dec. 2 Sale 29 28' 29 28 Dec. 27% 9 43 42 43% 40% Dec. 40% Sale 107% 108% 107% 108 107% Dec. 30 109 1 7 Dec. 7% Sale 6% 7 6% Dec. 30 8 20 Sale 20% 20% 21% 19% Dec. 2 119 121 124 116 Dec. 114 116 150 146% Dec. 29 148% 144% 150% 145 11 12 11% 11% Dec. 30 10% 11% 61 58 58 58 Dec. 28 55 58% 100 Dec. 10 100 98 98% 100 14 87 21% 5% % (new)— 6% preferred 5% 5% 6% 9% 6% June 9 87 1.05 Apr. 27 18% July 12 80c May 19 3 Apr. 10 Apr. 92% Oct. 4.50 Apr. 18 May 11% Mar. 11 25 31 27 26 30 Mar. 30 60 28 Apr. 13 9% Mar. 29 10c July 25 lc Dec 17 48% Dec. 29 1 4% Sept 25% Mar 31 Dec. 9 24 28% 21% 26 22 23% 22 Dec. 6 23 Dec. 30 55c 75c 35c 50c 30c 9 36c Dec. 15 30c Dec Sale 75c 1 75c Dec. Dec. Dec. 1 75c May 19 12% Dec. 12 Dec. 17 5% Dec. 8 27% 1 Sale 13% 93% 6% 48c Sale 48c 19 Sale 18% 12% 91 7% 12% 94 Sale Sale 95 Sale 93 5 Dec. 31 93 Dec. 7% Dec. 17 1 Mar 13 10% Mar 76% Feb 5% Dec 26 9 31 17 8 Treadwell Yukon Corp Ltd— Common 74 capital 1 Union Oil Co of Calif cap..25 19 Union Sugar Co 53 12 L37 21 14 6 common..25 6% 11% United Air Lines Trans v t c_5 Walauia 10 17 Co com_.l 5 4 Cons Oil Universal Victor Equipment Conv cum pref 8% 28 Agricultural Co..20 WeUsFargoBk Ac UnTr cap 100 Western Pipe 270 Sale 280 7% 12% 18 Sale 9% 31% Sale 6 12% 14% 3% 9 27 280 55c Sale 6% 13% 16 4% 10 Sale 286 17 48c 44c Dec. 18% 5% 11% 14% 3% Dec. 21 Dec. 28 19 16 13 9 26 280 Dec. Dec. 26 Dec. 22 7 1 Dec. 1 Dec. 2 Dec. 29 Dec. 17% Dec. 5 Dec. 1 4 6 9% Dec. 28 13 27% Dec. 10 1 280 Dec.' 1 Dec. Dec. Dec. Dec 17 17% Mar 31 5% Dec 28 5% Mar. 26 §8 Jan 26 Mar. 29 May 25 25 May 27 257% Apr. 13 Ac Steel of Calif Sale 19% 20% 18 20 17% Dec. 29 1 (Consolidated) cl A ser 1.50 30 33 28% 37 29 31 29% Dec. 30 cap..50 22 36 25 3 1 Alleghany Corp commoh 20 Dec. 7 31 Dec. 14 30 Yosemite Portl Cem Co pf__10 30 3% 26 5 18 44c 10 common 16% Class A series 2 com 14% Mar. 29 1 Yellow Checker Cab Co— 3% 4 3% 4 3% 33% 13% 22 May 19 May 19 2% June 23 22 ~3%~D"ec".~l2 3% Dec. 12 35 UNLISTED STOCKS Amer & Foreign * * * Pow com Amer Car & Fdy Co com Amer-Hawaiian SS Co com. 10 * Amer Pow & Light com 10 Amer Rad & Stand San com. * Amer Smelt & 1% 3% 25 Amer Tel & Tel Co com... 100 Am Toll Bridge 33 20 Anglo Nat Corpcl A com (Del) com..J .50 * Argonaut Mg Co Ltd capital 5 Anaconda Cop Mg Co com. 1 Ark Nat Gas class A com 1 * 1 3% »» 11 5% 11% 6% 12% 145% Sale" Refg Co com.. * 15 86 14 1 3% 24% 65c Sale 29 13 2.85 13 3.50 3% 3% 11 1 Bait & Ohio RR common.. 100 8% L38 Bancamerlca Blair capital..! 4 149 1 1 12 2 1 9% Sale 12% Corp com..5 10% 13% 11% L50 "2J0 Berkey & Gay Furn com Bolsa Chlca Oil cl A com 1 10 Sale 48c Sale 34% 34% 10% 7% 2% 40% 6% 2% 37% 7% Sale 6% 3% 16% 21% % 2.75 14% 6% 18% 52% 50c 52 Sale Sale 6% 5 Barnsdall Oil Co common Bendix Aviation h 6 1% 3% 17% 50% 150% 16% 10 Aviation & Trans Corp cap__l 5 16% 50% 33% _ Atch Top & S Fe RR com..100 Atlas Corp common * Aviation Corp (Del) com 3 15 6 45c 28% 1% 3% 28% 3 39% 9 7% 3% 7% Sale 17% 22% 1 3% 8 8% 3% 7% 3% 18% 29% 2.7I 35% 11% 8 3 42% 8% Sale Sale 8% 3% 5 14 14 16% Dec. 5 Dec. 19 18% Dec. 29 13 19 _ 20 25 52% Oct. 145% Dec. 21 150% Dec. 31 5 50c Dec. 19 45c Dec. 32% 7% 6% 2% 37% 5 Dec. 9 Dec. 1 Dec. Dec. 28 Dec. 19 35% Dec. 29 6% Dec. 2 3% Dec. 31 8% Dec. 31 3% Dec. 31 2% Dec. 7 Dec. 13 8% Dec. 7 19 19 11 2% Dec. 37% Dec. 3% Dec. 1 18% Sale % Sept. July Mar. Mar. July Mar. 21% 10% 6% 10% 22% Dec. 8 % Dec. 17 30% Dec. 29 % Dec. 17 111% Apr. 42c June 9 May 26 7% Dec 9 21 2 00 Mar 18 2% Dec 28 31 % June 28 May May Dec. June Dec 17 July 13% June % May 23 28 6% 3% 3% 4% 2% 31 15 7 1 30 24 1.85 Mar. 30 3% Bunker Hill & Sullivan Mg & Con Co common 13 Calif-Oregon 2% Canada Dry Ginger 31 3 2 11 $10 1.45 14% 15 65 70 74 07c 65 14% Dec. 6 15 6 10% Mar. 30 Dec. 19 50% Mar. 22 50 Apr. 4 10c May 4 Dec. 80 Sale 72 Dec. 19 18 "7% "7% 18% 6% 20 31 15 6 1.55 Dec. 23 1.15 Dec. 1.15 1.15 17% 5% ----- 80 72" 07c 2.25 1.50 17 * 15 2.25 Dec. 31 1.15 Dec. 15 1 55 Dec 23 1.10 May 24 July 29 6% Aug. 15 20 19% 6% 17 29 Jan. 10 6 Dec 21 1 Sept Dec 22 (new)— 10 com—1 * Columbia River Packers Assn Inc common * Comm'I Solvents Corp com..* Consol Edison N Y common.* Claude Neon Lts Inc Coen Cos Inc class A conv— taorp common...* Continental Oil (Del) cap..5 CruclbleSteel of Am com. 100 16% 74 Stores Inc par Consol Oil 15% 70 4% Ale cap. cum conv Cities Service Co 6 5c 70 Sale 15c 2.50 Canadian Pacific Ry com..25 Class A 65 10 Calwa Co common Chanslor & Lyon 65 * Preferred 2 13% Sale Power— 6% pref (non-callable).. 100 6% pref (1927 series) 100 Calif Pac Trad Corp com * 2 1 35c Sale 1% 40c 3.50 4.20 7% 21% 8% 7% 22% 9% 34% "35% 6% 1 21c 4 9% 29% 8% 28 37 7% 1% 50c 5 10% 30% 9% 29% 38% 7% 1 20c 4 10% 30% 8% 30% 43 8 1% 35c 5% 11% 31% 9% 31% 44% 6 1 20c 4 21 Dec. 8 Dec. 22 Dec. Dec. 6 6% Dec. 28 1% Dec. 3 31c Dec. 8 4 Dec. 6 20c 2% June 13 9% Jan. 28 Dec. 5 8% Dec. 29 29 Dec. 7 14 19 7% Mar. 29 24% May 23 30% June 27 19% Apr 8% Dec. 26 13 64 SAN FRANCISCO STOCK EXCHANGE AGGREGATE SAN FRANCISCO SALES PRICES IN DECEMBER STOCK EXCHANGE In December 1938 Shares Shares STOCKS 1938 Dec. 1 Bid Ask 4,253 5,376 2,783 37,901 Curtiss-Wright Corp com—1 10,367 Domlnguez Oil Fields cap—* 7,150 Dumbarton Bridge Co com. 10 4 40 4% 44 X 298 12,577 Elec Bond & Share Co com.. 5 227 Fibreboard Prod prior pf.100 * 23,638 General Electric Co com 1,090 Goodrich (B F) Co common.* Chemical Co 186 30 21% 30 38 1.50 35c 1.75 5 Idaho Maryland Mines Corp Capital 1 500 Internat Nickel of Can Ltd.* 200 6% Sale 1 2.40 10 127% 23% 30 5% 42% 23% 20c 1.50 40c 12c 445 Marine Bancorporation cap.* 789 Matson Nav Co capital * 19 23 13,800 865 Preferred 5,600 200 North Amer Co ""255 370 20% 22 20% 22 20 30 20 6% 31% Pacific Portl Cement com. ^ — — „ 207 Santa Cruz Port Cem com. e% 38 6 C5%% preferred B 16,571 6 25 1.40 5% 22% 181 7% 49% 6% 9 Sale 22% 27% 5% Sale 4 62 4% 5% 1,212 A" 30 2.40 21 86c 26% 6% 22% 24% 26% 5% 22% 26% 28% 14% 23 Sale 29 100 Class B 120 1.50 Dec. 21 Dec. 30 25c Dec. 26 2.10 Dec. 9 42% Dec. 14 Dec. 6 01c 20% Dec. 13 6 Dec. Dec. Apr. 30 132% Dec 23 Oct. 13 25% Dec 22 May 31 35% Feb. 10 Mar. 23 2.60 Oct. 24 18c Nov. 10 1.50 Mar. 29 June 9 56 6 Feb. 1 23c June 3 11% Oct. 50c Jan. 26 6 12 1.50 Mar. 29 3.50 Jan. 23 28% May 26 50% Oct. 15 17c 15 31c Dec. 2 2.40 Dec. 15 Dec. 16 05c Dec. 26 44 20% Dec. 6 4 Dec. 12 Dec. Dec. 19 7 3 5 7 2 3% Sept. 15 6% Feb 21 22 15% 9% 13 Dec. 6 Dec. 5 Dec. 22 22 4% Dec. 29 1 10 12% Dec. 6 7% Dec. 29 Sale 26% 5% Dec. 21 6% Dec. 14 22 Dec. 21 4% Dec. 29 22% Dec. 28 50c Dec. 19 86c Dec. 1 28 24% Sale 27% Sale 29 28% 31% 8 Sale 7% 15 45% 3% 6% 8 7% 7% 14% 7% 1.40 37 13 15 12 44% 47% 30 34 25 35 85 88% 42% 62% 53% 1% Sale 1.75 2.25 ..... 10,515 Warner Bros Pictures com..5 22 Dec. 5 26% Dec. 6 28 2 Dec. 24% Dec. 31 27% Dec. 30 28% Dec. 28 3 Dec. 27 5 Dec. 7 6% Dec. 23 7 Dec. 1 75c 62% % Sale 63% 1% 1 2 12 50 June 10 Mar. 25 Dec 10 115 28 4% Mar. 30 June 9 5 Apr. 16 25% Sept. 10 2.00 Feb. 23 7% Apr. 30c 1 Oct 5 Sept. 27 7% Nov. 7 19% Mar. 30 24 Apr. 13 25% Mar. 30 28% Sept. 28 5 7% Dec. 15 35 90% Sale 3 3% 23% 25% 30 Dec. Feb. 23 Mar. 25 4 38 Dec. 1 2% Dec. 20 3 85c 58c 69% 1 2 14 75c 61% Dec. 5 % Dec. 24 % Dec. Dec. 10 Dec. 1 67% Dec. 28 % Dec. 24 6% 6% 6% 4 9 7% 23 25% 24% 117% 118% 121 1.25 Dec. 6 1.25 Dec. 6 5% Dec. 5 6% Dec. 14 6 27 53% Oct. 9% Jan. 19% Dec 16% Nov. 17% May 35 8 35 15 14 13 29 23 27 Mar. 7 Jan. 15 Jan. 10 July 21 3% Nov. 30 56 Dec 5 5% Oct. 27 5% Apr. 18 2% Aug. 3 19% July 1 20 9 Jan Oct. 25 20 3% July 20 10 30 Oct. 7 25 Jan. 5% Oct. 5 24% Sept. 30 86c Dec 1 28 Aug. 1 9% Jan. 8 24% July 7 27% Dec 30 28% Dec 28 30 July 6 9% Oct. 18 8 9 June 81 7 42 6 July 30 10 10 14 13% Nov. 16 40% June 20 36% Mar. 16 89% Dec 42% Dec Nov. 18 10 Dec May 27 % Dec 24 1 00 Apr 8 May 26 14 30 Oct. 18 Nov. 18 4 2% Apr. 58c 21 Oct. 19% Mar. 40 Feb. 24 Jan. 28 70c 69 80c 8 June 8% Oct. Jan. Jan. 7% June 8 40% June 20 25% June 7 Dec. 4 18 34 89% Dec. 14 42% Dec. 30 22% July 28 34% Jan. 24 5 ^ J an. 19 8 7% July 8% Jan. 31 55% July 2 35c July 28 30 14 Feb. 23 12% Dec. 22 8 89% Dec. Oct. 27 9 12% Dec. 22 3 Aug. Dec June 22 25c 7% Dec. 8 6% Dec 3 18 5% 7% 24% 15 3% Mar. 30 5% Apr. 18 50 30% Sale 10 Sale 3% 26% 28% Dec 22 48% 3 41 26 29 28 9 28 24 19 17% Mar. 28 15 45% 14% 38% Mar. Apr. Dec June Dec June 1 60 Aug 2 « Sale 7 Mar. 24 8 2 13 23 50c 4% Dec. 23 June 3% May 27 16 7% Dec. 83 50 1.25 com. 3 4% 7 26% 3% 6% 16% 19% 4 % 18% 11% 56 8% 2% 7% 7% 2% Dec. 29 23% Dec. 13 5% Dec. 5 22% Dec. 12 15 28 43 773 West Coast Life Ins Co cap..5 100 Western Union Teleg com 100 4 31 15 Dec. 6 17% Apr. 1 30 Sept. 23 3 % Sept 6 5% Mar. 28 Dec. 20 Dec. 7 Dec. 7 6 7% 35 375 1.80 Dec. 41 4 Dec 1c 7 35c 32 110 Wailuku Sugar Co capital.20 19% Dec. 28 4% Dec. 21 18% Dec. 28 50% 6% 8% 19% Aug. 4.95 Mar. 29 7% Dec. 30 9 Dec. Dec. Dec. Dec. 1 44 4 48% 5% 8% 15% Feb. 2.35 Aug. 18 9 Feb. 8 7% Dec. 6 54% Dec. 14 9% Dec. 29 3% Dec. 15 Dec. 50c 5 17c 1 Nov. 16 8 6 3% Dec. 19 14c Dec. 25c 7 5 Sale 3% Los 12 * 200 West 'tf'se El & Mfg Co 1.50 Dec. 21 1 6% Dec. 54% Dec. 14 9 8% Dec. 30 "" Mar. 1 5 7% Dec 44% Feb. 18 50c Apr. 29 14% Oct. 27 5% Mar. 25 Nov. 7 25 106 13 47% Oct. 27 6 - 35c 50c 26% 3% „ 10 25c 8% * 280 « 2 23% 7% 54, 34% — Dec. 4% 7% 2% 24% 52% 18 42,061 U S Steel Corp common * 3,065 Utah-Idaho Sugar Co com..5 2,620 Vica Co common 25 200 - Class A preferred Class B common 4% 7% 51% 4% * common 2.50 50 30c 100 U S Industrial Alcohol com.* 61,152 U S Petroleum Co capital 1 3,900 2,998 5% Sale 5 18,955 United Aircraft Corp cap 5 5,097 United Corp of Del common * 2,412 1,004 ^ 4 18% 50 100 Texas Corp common 25 209 Title Guaranty Co cum pf._* Union Carbide & Carbon— 330 Capital... * 100 23 20% 175 Superior Portland Cement 295 10 20 45* 4l* Sunset-McKee Salesbook Co Class A common * 237 15 52% Sale 8% 19% 23% 23% 25 6% preferred 13 30 1.50 Dec. 9 51% 6% 8% 19% 22% 5 6% 2% 21% 14% 2 24 22 24 25 * 8,068 Standard Brands Inc com 200 Standatd Oil (N J) capital.25 1,050 Sterling Oil & Dev Co cap 1 17,379 Studebaker Corp common..1 1,793 Dec. 23 32% July 132% Dec. 23 25% Dec. 22 1.40 Dec. Sale 1.50 45 12% 7% Sale 2% 2% 8 6% 25 29% 4% 4% 10% 6% ..25 6% pref 3 Sou Pac Golden Gate Co— 930 30 4% 17c 4 52 28 9% 24 5 cap. 6% preferred Sou Calif Gas 6% 3% Sou Calif Edison common. .25 27,097 11,386 20 * com 655 Silver King Coalition M 100 3% 9 20 * Point Co Ltd 4% 5% 2% 2 17 985 Shasta Water Co common..* 2,820 2,066 1,689 23 5% 150 Preferred 426 2,564 Sears «, 33 4 5,045 Schumacher Wall Board com* - 8% 16% 21% 1.70 Sale 45 Sale 36,272 com * 2,634 Radio-Keith-Orpheum com. * 4,017 Riverside Cement (Del) A * 35 — i 10 19* 31 5 32 Radio Corp of Amer 1,334 — 10c 15c 6 6 100 413 — 5 44% 05c 4% Sale 48% . 230 3% 15c 3% 7% ' 150 Pantapec Oil of Venez com.l 1,360 Park Utah Cons Mines com. 1 200 Pennsylvania RR capital. .50 997 Pioneer Mill Co Ltd capital 20 ~ 10c Sale 2.20 43% .10 947 •>» Dec. 30 9% 6%% preferred 100 14,218 Packard Motor Car Co com..* 50 350 Sale 44% 30 % 616 2,710 30c 7% 56% 2.30 3% 5% * common com. 2,782 176 Sale Dec 101 % July • 323 Pac Finance of Calif ""723 6% 55% 9% 43% 4.50 ~~5% 29c Sale 2,938 Oahu Sugar Co Ltd capital 20 1,764 Olaa Sugar Co Ltd capital.20 1,262 Onomea Sugar Co capital..20 690 Dec. 22 16 6 2.60 34% Inc, common * 15,784 202,321 Mountain City Cop Co cap .05 3,290 Nash-Kelvinator Corp cap..5 25,824 Nor Amer Aviation Inc cap._l 495 2.50 36% 10 Montgomery Ward & Co, 35c Sale 20c 23 10% Dec. 20 2:40 382 Monolith Portl Cement com.* 85 30c 3% Mar. 29 35% Dec 22 25c Dec. 43% Dec. 14 35% 1,431 McBryde Sugar Co Ltd cap..5 827,819 MJ&M&M Consol capital. 1 95 Sale 7% Dec. 30 40% Dec. 14 20c 40c 3% 53% 18c 215 6% 5 6% Dec. 35% Dec. 22 10% Dec. 20 2.50 1.50 Sale Highest Sale Prices 43% Dec. 19 25 20c 2.50 Sale Lowest Sale Prices 11% 1 6% 7 Highest Sale Prices 22% Dec. 40c 6 Lowest 44% 25% 22 2.50 52 11,854 Kleiber Motor Co capital..10 1,555 4,915 1938 Sale Prices 123 Sale 9% 30c Sale Sale 1 6 24,106 Internat Tel & Tel common.* 83,987 Italo Petrol Corp of Am com 1 105,202 7% cum preferred 1 14,170 Kennecott Copper Corp com * Sale Sale 10% 105% 43% 24% 10% 41% 22% 6 2,464 7,984 7,372 1,130 2,500 ""230 7% 60c 31 Ask 37 25c 36% Sale 2.60 80,438 3,622 58 52% 20% 1,401 Hawaiian Sugar Co capital 20 2,023 Hobbs Battery cl A capital..* B capital * 1,032 566 Holly Oil Co capital. 1 687 Honokaa Sugar Co capital.20 50 330 Dec. Ask Bid 105 i3°M w 20 Preferred 9% ioF * common Bid 20c Great Western Electro- 12,761 21,293 5,423 11,048 YEAR Jan. 3 Par "",726 RANGE FOR Price 12 Months 28 1.55 Jan. 12 Nov. 12 71 1% Jan. 13 Jan. 17 19 May 25 Dec. 21 8 Dec. 5 Mar 5 Dec 21 ni 21 % Mar 117 Oct 5 4 30 21% Mar. 30 30 26 118 July *18 22 Feb. 3 Nov. Angeles Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE Stock Sales 1938 December Jan. Shares_ llto Dec. 31 AGGREGATE SALES LOS 1937 581,744 6,833,944 Shares Par Shares 5,100 150 1,650 60 847 1,200 850 200 4,345 _ 1,780 _ 3,550 700 2,000 1,000 206 754 998 700 769 2,998 1,260 2,339 For footnotes Barker Bros common 5%% preferred Preferred vot trust 28 33 55c 20c Sale 1 90c 27c 60c 80c 50c 30c 50c 10 „ 10 see page 65 4% 62 %c Av* 2 2% 3% 50c 8% 100 YEAR 1938 5 31 34% Sale 1% 9 5 Ask 1 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 1% 3% 11% 29% Sale 5c 4^ 34 2% Dec. 6 11% Dec. 23 32% Dec. 9 33 Dec. 7 25c 20c Dec. 20c Dec. 1 12% 1 Dec. 22 11% Dec. 23 57 %c 25c 75c 60c Dec. 17 65c Dec. 12 30c 30c Dec. 21 30c Dec. 21 2% Sale 2% Dec. 6 3% Dec. 5 Dec. 28 8% Dec. 15 50c 5 24 Mar. 23 Apr. 30 20c Dec. 1 52 %c Mar. 30 25c May 26 1% Mar. 10 62 %c Mar. 22 „ l'A 87%c Mar. 18 2% May 24 Sale 6% June 2 9 May 25 1 % July 5% Oct. 13 Oct. 33 Oct. 45c Jan. 1.00 Jan. 50c July 4% Aug. 62%c Mar. 12% July 10 Feb. 7 13 19 31 6 4 18 30 22 20 23 22 8 1 5c 10c 2c 5c" 2c 4c lc Dec. 20 2c Dec. 17 lc Dec. 20 5c Jan. 1 4c 7c lc 6c lc 5c lc Dec. 28 lc Dec. 28 3c Apr. 4 5c Feb. 3c Dec. 13 4c Dec. 12 4c 5c Dec. 2 5c Dec. 2 3c Dec. 12 Feb. 26 17% Dec. 16% Dec. 17% Dec. 7 15 4,500 Chapman's Ice Cream Go...* 10,169 Chrysler Corp 5 19,098 Consolidated OH Corp * . 1 % 4 12 23 ctfs..l com 3% 11 42c 2,206 Byron Jackson Co * 1,654 California Packing Corp_. * 4,487 Central Investment Corp.100 13,560 Consolidated Steel Preferred 22,339 3% Dec. Ask Bid 1 1 Preferred Bid 62 %c 3% com 417 Brock & Co 2d pref 12,950 Buckeye Union Oil com 9,200 Common vot tr ctfs._ 2,500 10,100 Ask 1 ..1 100 6,680 Broadway Dept Store Dec. 1 * 11,600 Barnhart-Morrow Cons 11,050 Berkey & Gay Furn Co Warrants 2,200 66,545 Bolsa Chlca Oil Corp A B common 500 RANGE FOR 3 1938 Bid 400 Assoc Gas & El A 64,600 Bandini Petroleum Co $5,500 __ Price Jan STOCKS 1938 1937 1938 PRICES IN DECEMBER STOCK EXCHANGE December Jan. 1 to Dec. 31 ANGELES 12 Months V I In Bond Sales December. 597,698 13,724,472 • ♦ 4c 11c 5c 9c 15% 16% 19 16 1.35 46% 8% 3% 7 20 4c 3c 10c 2c 9c 17% 20% 18% 21% 18% 3c 17 20 17% 2% 47% 9% 75c 4 9 79% 9 5% 9% 1 16% 15 1 10c 7c 18% 17% Sale 1% 83% 82% Sale 8% Sale 6% 5% •6% 10%' 9% 9% 80% 7 17% Dec. 15% Dec. 20 14% Dec. 30 1 80% 8% 5% 9% Dec. 3 Dec. 12 Dec. 9 5 Dec. Dec. 22 1.10 Dec. 12 5 20 80% Dec. 12 9 Dec. 6 Dec. 6 10%' Dec. 15 1 3c Dec. 13 Oct. 28 Sept. 26 15% Dec. 20 10 Apr. 1 1.00 Sept. 26 36 Mar. 31 7% Mar. 31 2% Mar. 30 7% Sept. 24 5c 20% July 21 20% Apr. 16 21 Nov»;. 1 1.45 Mari 23 88 Novl 9 10% July 7% Oct. 11% July 19 26 19 Jan., 1939] AGGREGATE SALES December Shares 400 61 866 1,794 6,159 10,500 36 "£669 "5", 235 1,360 124 1,748 STOCKS Creameries of "t.5i6 7.150 400 100 20 200 I arlca Ttc.* >. 25 aft Corp * Products Corp Electrical 385 "2.666 434 434 10 40 General Metals Corp General Motors Corp General Paint 93* 75c * 25 * 6,848 Goodyear T At R Akron com.* $5 Preferred 58,710 Hancock Oil Co A 83,950 Holly Development Co 1,010 Holly Oil Co * 5 200 Honolulu Oil Corp 306,075 Men a sco 1 9c 10 10 1 1 Mfg Co 17c Sale 15c 1 6,961 Merchants Petroleum Co 52,800 Mid-Western Oil Co 2,155 Mills Alloys Inc A 575 B 21,200 285,300 5c * 2 1 * 23* 4 Sale 434 65c 1.25 75c Sale 25c 4c 35c 6c 90c * Sale 14c 28c 1.15 Sale .1 2,200 7,500 Pacific Clay Products......* 16,700 Pacific Distillers Inc 1 45c 62c 1,598 21,698 11 1134 215 1,955 Preferred series A.......10 1,250 Preferred series C 700 490 1,738 1,070 267 1,110 611 110 """400 Ac Dev—1 Nor don Corp 38,200 Occidental Pet Corp 40,500 Oceanic Oil Co Pac Finance 1 Corp common.10 ..10 7,738 Pac Gas Ac Elec Co com....25 5,070 1st pref 6% ....25 1,867 5H% let preferred...... 25 12,410 Pacific Indemnity Co......10 3,711 Pac Lighting Corp com... 595 • ._._.* $6 preferred 1,400 Pacific Public Service 700 First preferred... * ._...* 145 645 Pacific Western Oil Corn. ..* 100 2,000 Puget Sound Pulp Ac Timber* 4,150 60 1,500 16,981 1,033 1,295 47,770 76,150 1,271 23,186 199,881 13,733 27,695 178,470 800 3 10 587 125 4,000 / 800 7,247 160 1,677 1,427 100 1,464 5,709 12,527 800 3,530 1,101 69,883 14,728 1,220 Preferred Rice Ranch 10 50 ... Oil Co 1 Richfield Oil Corp common.* Warrants ... Robert Public Markets... Safeway Stores Inc .._* mm~ - * 63* 265* 25$ 195* 353* 101 434 25c ♦ Signal Petroleum Co 200 '"loo 505 200 6,000 "2.606 3,800 57,509 Southern Pacific Co......10ft Standard Oil of Calif * Sunray Oil Corp 1 Superior Oil Co common...2 Taylor Milling Corp..... • ... 200,483 Transamerlca Corp. 98,328 Union Oil of Calif... 17 1134 634 1234 65* 3% 2834 32 15c ?8 545 1,557 1,821 200 100 2,365 3",021 685 100 125 467 686 140 3,930 545 250 180 1,902 374 635 3,818 1,234 562 251 1,747 4,098 9,924 * 2 AV* 20 21 25* Bfi 6c 193* a V* Sale 25 A* 3c 9c 8c 283* Sale 23* Sale 33* Sale 1938 103* 93* 103* 93* 723*c 60c 370 365 103* 10c 65c Sale 15 Sale 185* Sale 334 373* 70c Sale 1.40 "48c" 9c 40 1 134 213* 83* 23* Dec. 31 Dec. 2 Dec. 16 Dec. 2 Dec. 31 Dec. 6 May 26 44 65c Mar. 21 1.30 Jan. 85c 2234 July 6 10 July 29 23* Oct. 6 8 Aug. 13 5734c Apr. 8c Aug. 26 Oct. 18 103* Aug. 27 Aug. 27 18c Jan. 20 Sept 30 Mar. 30 3734 Dec. 30 Jan. 5 33* Mar. 6 63* July 26 June 9 Jan. 16 May 10 75c Mar. 26 53* Dec. 31 50c Dec. 6 Aug. 26 9c Feb. 19 May 5 Dec. 13 23* Jan. 26 Oct. 10 25c Oct. Sept. 26 May 16 70c Jan. 21c July 5 30c Jan. 1.20 Jan. 7 14 934 July 25 7 50c 35c 4o Dec. 17 Dec. Dec. 2 5 2 Dec. 29 2 Dec. 1 6 22c 15 3c 13 1 10 %. 7c Dec. 30 23* Dec. 33* Dec. 8c 10c 373* 23* 33* 9 523*c 50c Dec, 53* 33* Dec. 28 28 6 31 6 Dec. 15 Dec. 14 49c Dec, 11c 10c Dec 53* 2 3 3* Dec. 49c Dec. 80c Dec. 22c 3c 27 50c Dec. 27 49c 1 10c Dec. 1 6c June 20 17c Dec. 24 21c Dec. 17c Dec. 24 70c Dec. 28 80c Dec. 70c Dec. 28 6 Dec. 28 30C Sale 10c 25c 25c Dec, 9 13 Sale 13 113* 934 Sale 113* 123* 1134 Dec. 28 1 113* Dec, 1 934 Dec, 27 403* 107 63* 193* 103* 63* Sale 283* 313* 283* 10 29 32 283* 273* 433* 41 33* Sale 33* 42 36 16c 25c 18c Sale 23* 33* Sale 283* 3H 40 25c 93* 23* 23* 3 3* Sale 634 Sale 2834 2934 8J4 13H 11 29 143* 15 6c Sale 25c 30 303* 183* 313* Sale 27 Sale 23* 453* 23* Sale 103* Sale Sale Sale 18 7 83* 13* 8 33* 43* 60c 43* ' I 21 4 33* 5c 8 10 263* 6c 3034 30 1534 11c Sale 10 243* Sale 293* Sale 323* 323* 21 Sale 2834 Sale 23* 433* 934 Sale 193* 41 8 63* 183* 15 73* 60c 434 4 43* 173* 33* Jan. 5 25c Dec. 9 93* Mar. 26 113* Dec. 1 Dec. 93* Dec. 2934 Dec. 29 Dec. 7 17 32 Dec. 31 Dec, 7 28 Dec. 28 33* Dec. 28 Dec. 7 16 Dec. 30 Dec. 27 Dec. 19 Dec. 24 Dec. 21 334 Dec, 16 38 Dec. 3 30 9 18c Dec. 16c Dec. 12 33* Dec. 1 3 93* 234 33* 73* Dec. Dec. 43* 20 4 Nov. 28 Dec. 26 283* 30 433* 29 109 734 9 7 203* 24 143* 73* 26 Dec. 13 334 Dec. 13 734 Dec. 13 2834 Dec. 21 143* Dec. 28 6c 30 Dec. 2 Dec. 16 143* Dec. 15 2 1 Dec. 27 July 20 Nov. 14 Jan. 14 Nov. 3 13 16 26 30 30; 17" 31 2 1334 Sept. 14 Dec. 6c 22 7 Aug. 31 2 17c 39 Oct. Feb. 25c Feb. 4 Dec. 21 Dec. 30 73* Jan. 3 193* May 31 Dec. 13 35 Jan. 2534 233* 3034 273* 934 2534 Apr. 1 Apr. 1 Nov. 4 Sept. 14 Mar. 30 Mar. 31 9 2834 Dec. 28 273-4 Dec. 31 3134 Dec. 22 313* Dec. 22 2134 283* 234 453* 1.034 Dec. 31 Dec. 53* Dec. 1834 Dec. 1434 Dec. u93* Dec. 15 Dec. 19 2 Dec. 1 26 Dec. 1 8 Dec. Dec. 403* Dec. 8 Mar. 30 May 26 43 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 9 5c 18 July July Oct. 2334 Dec. Dec. 423* 2834 263* 3134 3034 173* 2634 1 Dec. 1 534 173* 634 534 Dec. Mar. Jan. Mar. 1 July 334 Apr. 173* Dec. Dec. 7 4 43* Dec. 5 334 Dec. 8 Dec. 43 Dec. 43* Dec. 6 2 Mar. 18 8 23 12 13 16 26 Feb. Jan. July Aug. 9 July 1 July 55* Nov. 65* Jan. 45* Dec. June 18 334 Dec. 13 28 31 22 22 12 25 20 23 133* 125* 225* 20j* 16 3 Dec. Dec. Dec. Dec. Dec. 21?* Jan. 345* July 3 3* Jan. 46 July 8 31 26 16 21 6 Dec. 31 5 4 4 285* 273* 315* 313* 28 19 3 30 & 10 2 103* Aug. 20 243* July 20 27 Mar. 26 Dec. 7 Dec. 16 Dec. 30 63* July 234 May 20 1.05 Mar. 30 125* Mar. 30 1.25 Apr. 22 23* Mar. 16 23 Oct. 24 3334 Dec. 9 Dec. 31 25c 27 19 403* Nov. 26c May 93* Dec. 23* Nov. 33* Oct. 73* Dec. 2534 Nov. 3 July 31 20 5 25 1.10 Mar. 30 _ Dec. 31 Dec. 31 30 32 26 7 Dec. Jan. 10 10 153* July 26 123* May 19 93* May 24 7 Mar. Mar. July Mar. Dec. 18c 83* Dec. 10 23* Dec. 14 49c 31 25 8 83* 13* 8 Sale Jan. 9 2334 Mar. Apr. 26 Sept. 1834 Mar. 323* Apr. 1013* Mar. 4 3* Mar. 1734'May 103* Dec. 4 May 28 38 25c 243* 4234 283* 2734 313* 3134 2 5 Dec. Dec. 313* Dec, 28 33* Dec. 13 734 Dec. 13 73* 143* 7 293* 33* 28 >25 193* 173* 293* Sale 734 Dec. 33c 28 28 Dec, 16 2834 433* 433* Dec, 30 433* 2 109 109 107 1073* 1073* Dec, 73* 73* 63* 6 213* 203* 203* 203* 1934 Dec. 11 113* 103* 113* 1034 Dec. 24 8 7 53* 63* 63* Dec. 21 30 38 93* 23* 33* 33* 273* 33* 73* "103* 9 2 53* Apr. 21c 3034 273* 26 Oct. 6 1.30 Sept. 8 2.50 Aug. 18 27 213* Dec. Sale .28 Oct. Jan. 25c 2 83* Dec. 31 2 Dec. 16 213* Dec. 60c 73* 21 . 25 17c 63* Jan. «>uly 23 Nov. 9 i-NUV 7 July July 23 July 19 76 80c Sale 5 6 25c 734 13 Dec. 14 Oct. 13 Aug. 24 Jan. 6c Sale 7 7 27 Dec. 373* Dec. 15 Sale 6 "2$* "3* Dec. 20 Dec. 9 Dec. 21 10 Sale 12 27 80c 283* 263* Sale 95c 40c 11c Jan. 7 Oct. Oct. 33* Mar. 29 33* Mar. 12 17 Apr. 7 21c 273* 11 35 '45c 45c 43* 33* Mar. 25 534 43* Jan. 26 75 Apr. 20 113* 93* Dec. 27 113* 634 Mar. 31 j .10 523*c May 25 340 Apr. 6 399 113* 103* July 21 »0 78 5334 253* Mar. 31 93* 63* Sept. 26 43 76 Dec, 413* 31 934 Dec. 30 534 Dec. 7 63* Dec. 29 373* Dec. 15 85c 523*c 1 9 53* Dec. 28 63* Dec. 29 323* Dec. 3 3c 70c Dec. 20 Dec. Dec. 8 5c 13* 85c 1 365 2 6 5034 Dec. 15 3c 53* 1034 Dec. 113* Dec. 9 5c 3c 223* 2 5* 83* 23* 27 434 Dec. 6 534 Dec. 20 Dec. 13 75 473* Dec. 1.30 "24" Dec. Dec. Dec, Dec, 40 2M Sale 8 Dec. 27 Dec. 20 22c 83* 223* Sale 43* Dec. 53* Dec. 20 75 Dec. 13 40c 36 IV* 29 23* 33* Highest Sale Prices 21c 21 Sale 2234 3734 26 34 Sale 24 3* 2434 275* 28 3* 29 37 Lowest Sale Prices 50c 5c 7 3* 9 10c Highest Sale Prices 7 19 21 21 11 6 Mar. 18 35* July 234 Mar. 24 29 2 STOCKS— 1,705 Alaska Juneau Gold M Colic 258,950 Black Mammoth Cons M ColOc 704,100 Calumet Gold Mines Co..lftc 108,750 Cardinal Gold Mining Co 1 17,900 Cons Chollar G Ac S Co 1 303,000 Imperial Development Co.25c 2,200 Prince Cons Mining Co 10c 12,909 Tom Reed Gold Mines Co 1 106,500 Zcnda Gold Mining Co 1 STED 95* 18c lc 10c 103* 21c 24c 134c 7c Sale 20c 7c 9c 25c 3V* 3J4 lc 2c 234 134c 23* lc 95* 25c 103* Sale 434c 7c 5c 834c 234 134c 2 lc 934 Dec. 21 203*c Dec. 9 33*e Dec. 20 13 Feb. 28c Dec. 29 12c Mar. 39c Oct. 7c Dec. 1 3*c May 163*cAug. 16 Dec. 21 7c Dec. 9 4c Dec. 22c 4c 23* Dec. 6 Dec. 6 lc 40c 55c 45c 10c 15c 10c 3c 5c 3c 934 Dec. 23* Dec. 5 13*c Dec. 13 lc 25c 35c 10c 6c 7c 3c 434c Mar. 50c Dec. 28 Dec. 8 10c 3c Oct. 50c 10c Dec. 28 Dec. 8 Dec. Mar. 25c 3c Jan. 45* Apr. 334c July 13* Sept. 60c 21c 934 Dec. 23 9c Oct. May Jan. 4 21 6 11 21 4 4 STOCKS— 9,758 Amer Rad Ac Stand San... _* 1,145 Am Smelting Ac Refg Co. 3,157 Amer Tel Ac Tel Co 100 13,021 Anaconda Copper Mining..50 1,300 Armour Ac Co (111) 5 300 Atlantic Refining Co ..25 12,465 (The) Aviation Corp (Del)..3 100 Aviation Ac Transportation. 1 5,021 Bendix. Aviation 5 2,385 Borg-Warner Corp..... 5 1,300 Canadian Pacific Ry_.._ 25 1,025 Caterpillar Tractor _._.* Columbia Gas Ac Elec 12 Sale 1443* 1453* 28*2 2934 19« 3 j 2034 43* 1134 115* 473* '483* * 1 8734c "V% Corp.* 2,667 Commercial Solvents ._._* * 9,186 Com'wealth Ac Southern 1,440 Continental Oil Co (Del) 5 29,730 Curtlas-Wright Corp 1 Class A I 1,545 5 2,050 Electric Bond Ac Share.. 3,180 Electric Power Ac Light Corp * 5,302 General Electric Co 674 General Foods Corp * 1,935 Goodrich (B F) Co * 4,718 International Nickel Co....* 6,334 International Tel Ac Tel....* 3,262 Kenm-cott Copper Corp • 351 Loew's Inc 8,447 Montgomery Ward Ac Co 21,298 N Y Central RR 65,824 No Amer Aviation Inc * ._* "73* "73* 15* 23* 29H 303* 43* Sale 83* 93* 403* "413* 133* "143* 43*1 443* Sale 16 163 183* 173* 523* 48 513* 513* 5034 1483* 1493* 14934 15034 147 yx 35 353* 343* 323* 3334 53* 53* 434 22J4 223* 2234 213* Sale 83* 634 43* 33* 23 303* 223* 233* 303* 323* 293* 303* 63* 63* 53* 483* 453* 443* 8 73* 75c 13* V* 63* 73* 73* 63* 93* 103* 113* 834 134 13* 13* 13* 283* 293* 313* 293* 63* Sale 434 263* 253* 263* 10 103* 113* 93* 10 103* 103* 113* 413* 423* 443* 413* 36 40 37 363* 223* 233* 2234 533* 5434 I* J* im Sale 443* 593* 493* 183* 5834 483* • 1 S* Sale value, t Delisted April 15, 1938.,*.* Delisted May 25, 1938. close of business Oct. 20, 1938. Sale "so" Lowest Sale Prices 60c 523*c 43* Sale 30c 21c 20 634 15* 634 No par 35c 6c 11 5c 7 5* 4,372 23* 1.10 213* 83* 73* 23* J3A 43c 333* 10 700 Western Air Express Corp_.l 200 Western Pipe & Steel Co.. 10 8.500 Yoaemite Portl Cement preflO 95c 35c 3c Sale Van de Kamps Bakeries.....* 100 Victor Oil Co 10 915 Weber Showcase Ac Fix pfd__* 23,105 Wellington Oil Co 1 200 Cities Service Co 200 Claude Neon Lights Inc 1,172 43* 25c Sale Sale 10 H 25 4,632 Universal Cons Oil Co l)WL 1,058 105 5 1 6,500 Sontag Chain Stores Co Ltd. * 39,647 So Calif Edison Ltd com 25 2,802 Original preferred..... .25 22,977 ft% preferred 25 18,827 554% preferred 25 200 So Calif Gas 6% pref 25 8,564 So Calif Gas A 6% pref...25 MINING 16,500 41,300 6,800 9 15 3,200 7,305 12 2754 295* 265* 203* 355* 75c 10 525 Shell Union 011 Corp.......* 340,100 Sierra Trading Corp 17,100 Signal Oil-Gas A 55* 45* 1 Samson Corp B common 9,710 6% Preferred...... 3,491 Security Co units 54,627 13,000 26,330 1,801 1.25 • Ryan Aeronautical Co 2,088 140 ""166 Republic Petr Co Ltd 65c 23 50c 13c Mt Diablo Oil Ming 1.05 2 60c 12,100 7,500 3,200 Sale 93* 93* 103* * 116,873 Lincoln Petroleum Corp 97,281 Lockheed Aircraft Corp 100,775 L A Industries Inc 14,064 L A Investment Co 17,600 Mascot Oil Cj 103* 93* 79 203* 73* 23* * Langendorf U Bak B 43* 53* "693* 95c 1 1,620 Hudson Motor Car Co.. 15,000 Hupp Motor Car Co.... 43* Ask Sale 360 9 103* 93* Sale 50 483* 493* 8 8 73* 63*. 10 93* 83* Sale 6 63* 53* .53* 63* 634 63* 383* 323* 323* 107 103 li)9 100 Sale 41 40 393* ..* common.. 43* 53* 683* 365 2.50 10 Gladding McBean Ac Co Ask Bid Bid 10 Farmers Ac Merch Nat Bk.100 Globe Grain Ac Milling Co 477 Golden State Co 200 500 4 3* 39 Emtco Derr Be Equip Co.....5 Exeter Oil Co A 1 21,600 Inter coast Pet Corp......... 24,600 Jade Oil Co 1 20,175 12,681 5,375 3,464 1,900 43,175 2,225 Ask 4 , Douglas Air 30 " ' District Bon Dec. 31 Dec. 1 1938 Bid , YEAR RANGE FOR IN DECEMBER Price Jan. 3 Shares 7,200 1,221 1,861 3,294 20,459 186,200 380 1,100 25,269 3,300 14,435 14,660 65 EXCHANGE PRICES LOS ANGELES STOCK EXCHANGE 12 Months 1938 In STOCK ANGELES LOS Dec. 9 Dec. 22 Dec. 1634 Dec. 5134 Dec. 1 14 Dec. 17 1473* Dec. 17 3 3434 Dec. 28 Dec. 27 Dec. 9 Dec. 2 5 Dec. 12 303* Dec. Sale 193* 15 534 Dec. 4534 Dec. 7 7 14 j 30 53* 363* 9 134 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 28 Dec. Dec. Dec. Dec. Dec. 28 28 Dec. 29 23 934 103* 4434 3934 2434 55 34 934 Dec. Dec. Dec. Dec. Dec. Dec. Dec. 16 12 8 9 Dec. 13 Dec. 30 73* 113* 134 3034 734 20 8 Dec. 10 Dec. 28 83* Dec. 27 83* 30 1.00 23 2234 33* 243* 53* 30 23 June Jan. 25 3 10 July 14 Sept. 15 Mar 23 Aug. 10 June 15 Sept.23 Jan. 26 dept. 15 Mar. 29 Mar. 31 Oct. 13 Mar. 25 Sept.13 23 8 15 28 Mar. 31 23 36 Nov. 26 15 103* Mar. 47 Sept. 53 Mar. 273 Mar. 50 July 29 14 9 44 60 Dec. 6 60 Dec. 30 Dec. 6 513* Dec. 19 9 1734 Dec. 5 153* Dec. 53 Dec. a 6 31 Dec. § Removed Sept. 8. Mar 3 29 32 34 Dec. 15 14 18 65* July 43* June 14 Aug. 3 29 213* Dec. 31 193* Dec. 30 Removed Oct, 10, 1938. 31 14 31 31 25 Mar. 28 103* Mar 26 Mar 30 6 18 Aug. 3 83* Dec. 30 3 154 June 25 25 1} Dec. 13 9 Dec. 8 Dec. Dec. 23 185* Oct. 56 3* Oct. 30 5 Mar. 30 14934 Nov. 16 213* May 26 4134 Oct. 17 2234 Dec. 31 83* Dec. 30 42 5434 523* 95* Mar 493* Oct. 112 - Dec. 29 Oct. 24 75* July 19 w* 36 52 Nov. 10 July 13 June 15 93* Oct. Aug. 25* Oct. 3234 Sept. 73* Dec. 12 9 17 8 27 12 30 28 Dec. 29 10 Oct. 14 135* July 20 Jan. 10 ®H Nov. 18 Nov. 10 11% Dec. Oct. 5 P Nov. 9 Dec. 6 60 29 533* Nov. 9 215* Dec. 31 195* Dec. 30 b Suspended from trading 66 LOS ANGELES . AGGREGATE In LOS ANGELES STOCK EXCHANGE SALES PRICES IN DECEMBER UNLISTED STOCKS Shares 628 523 620 2,413 1,453 - 110 2,726 330 1,005 2,075 855 1,892 656 1,217 4,128 3,223 10,820 10,013 21,753 5,310 13,226 1,330 1,505 4,275 2,155 6,492 1,656 10,717 North American Co........* Ohio Oil Co .... Packard Motor Car Co - 4 ..—♦ 434 Radio Corp of America..—* Radio- Kelt h-Orpheum * "6~" ""634 334 434 Republic Steel Corp Seaboard OH Co of Del.... Sears Roebuck & Co * —* Socony-Vacuum Oil Co Southern Rv - 2034 54 2034 5454 * .... Standard Brands Inc ...* Standard Oil Co (N J) 25 Studebaker Corp..........25 7 34 4534 8 34 46 ..... "38" "3834 1334 1434 526 Unioo Carbide & Carbon 426 1,021 3,921 540 Unitei. * Jkcraft 6.240 United Zl 670 rp Corp.......* (Del) * U S Rubber Co * 3,670 11,299 U S Steel Corp 100 5 22,505 Warner Bros Plctu res 590 Westinghouse Elec Ac Mfg..50 1,699 1,205 390 '"334 ""334 22 34 5234 2 2 34 6334 6 634 9834 9934 Bid Dec. 31 Ask Bid 21% 2234 934 934 434 434 1034 1134 734 Sale 234 234 2234 2234 2034 2134 7234 73 13 34 14 1834 19 7 25 ...25 3,042 Texas Corp 3,452 Tide Water Assoc Oil Co..10 751 1934 Paramount Pictures Inc..... 568 Swift & Co 568 842 Dec. 1 Ask 19% 1938 ( 1938 Bid YEAR 1 Jan. 3 1938 Shares RANGE FOR Price 12 Months December STOCK EXCHANGE Lowest Ask 22 34 934 2 3 34 934 4 34 4 34 1334 734 234 2434 2134 Sale Sale 234 2434 2134 7334 1334 Sale 734 5334 734 1934 ; 73 1334 22 34 Sale 634 Highest Sale Prices Sale Prices 2134 934 434 1234 734 234 22 34 2034 Dec. 20 Dec. 9 Dec. 9 Dec. 13 Dec. <9 Dec. i.2 Dec. 2 Dec. 19 73 12 34 2234 634 5134 734 1834 Dec. 28 5134 Sale 5234 734 734 734 1834 1934 1834 4334 44 4434 1234 Sale 1234 8334 8434 8934 8934 8534 3734 43 3834 4234 4334 3 334 334 334 234 50 4734 4834 51 34 52 34 63 6334 6834 6934 6234 534 634 634 Sale 534 120 11534 11634 119 114 34 Cleveland Stock Dec. Dec. Dec. Dec. Dec. Dec. 31 20 1 10 Dec. 14 Dec. Dec. 9 8 23 13 2134 934 434 1334 7 34 234 2434 2034 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 7334 Dec. 13 34 Dec. 22 34 Dec. 7 Dec. 5134 734 1834 4634 1334 9034 Dec. 29 43 Dec. 28 3 51 Dec. 12 Lowest 20 Sale Prices 26 Nov. 10 934 Dec. 9 334 Mar 30 634 Apr. 7 1234 July 13 534 Oct. 27 1334 Dec. 31 21 30 31 ' 31 12 Highest Sale Prices 15 Mar. 29 5 Mar. 29 29 19 134 June 2 May 24 1934 Mar. 24 28 59 8 31 1 Dec. Dec. Dec. Dec. Dec. Dec. 24 15 2 28 29 15 Dec. 29 Dec. 6 Dec. 14 Dec. 9 6634 Dec. 23 Dec. 21 634 Dec. 31 Dec. 7 12034 Dec. 31 13 June 20 1234 Apr. 5 14 5 Oct. 634 Dec. 20 44% May 28 5 Apr. 20 1834 Dec. 13 3434 May 31 1034 Mar. 29 8134 Sept. 29 2434 Apr. 9 234 June 7 25 34 June 1 3834 Mar. 31 334 Mar. 26 65 34 Apr. 1 9 Oct. 21 534 Jan. 10 2534 Nov. 16 2634 July 19 7334 1534 2234 934 5534 934 Dec. 28 July Dec. Jan. July Oct. 13 31 11 16 21 1834 Dec. 2 Sept. 19 1534 July 23 8134 Sept. 29 46 34 43 Dec. 29 434 Oct. 55 17 Oct. 13 6834 Nov. 9 8 July 19 9934 Sept. 29 Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON Stock Sales December Shares_ 1937 408,371 SALES 47,446 612,399 December 12 Months 1938 Shares 540 112 PRICES IN DECEMBER par. 2,369 A!r-Way El Appl lit 7% pf 100 1,684 Akron Brass Mf£ common * 3,025 Amer Coach & Body........5 2,384 Apex Electric & Mfg 481 * "with proxy"...... $7 cum prior pref 100 18,495 tBrewing Corp of America..3 "982 55 Canfield Oil 7% cum pref 100 7,870 City Ice Ac Fuel • 65 """286 652 2,357 705 Clev El 111 $4.50 » 100 cum prer 22,667 Cleveland Rys 800 Cleveland Ac Buffalo Tran..* 15,757 15,055 105,596 Cliffs Corporation v t c * 4,489 Colonial Finance Co com...l 142 362 Commercial Bookbinding...* 123 1,218 Dow Chemical 5% pret.. .100 1,197 Elec Controller Ac Mfg ....* 1,539 Faultless Rubber.. • 170 a&Federal Knitting Mills * 2,285 acFederal Knitting Mills * 50 adFederal Knitting Mills * 155 150 486 Poote Burt 1,267* 1,806 545 General Tire & Rub 7,062 Goodyear Tire & Rub 313 25 180 461 1,291 50 422 258 176 ""300 1.460 40 187 681 175 190 5,255 1,128 517 "75 950 10 330 588 445 """498 "'"432 41 10 92 4 34 Sale 17 Sale 2 334 61 10134 112 31 H 134 15% Sale "29 % "39" 1073* 109 66 70 18 7% 33* • * * » 597 Miller Wholesale Drug » 931 Monarch Machine Tool Co..* 1,575 Murray Ohio Mfg * 20 Myers (F E) & Bros Co com..* 1,689 National Acme Co common.. 1 8.874 National jjRefining ........35 Preferred........ 19 203* 3 234 9)4 111 113 434 Dec. 10 7 9 8 Dec. 21 Sale 13)4 8 Dec. 15 834 Dec. 13 834 Dec. 31 8 16 71 Dec. 8 Dec. 30 70 80 534 Dec. 6 23 40 21 Sale 12 10 14 pref....* 2,910 Thompson Products Inc com* 2,745 Troxei Manufacturing...... 1 706 Union Metals Mfg Co » 4,854 Upson-Walton. I 23,753 Van Dorn Iron Wks Co com.* 1,553 Vlchek Tool..... * 3.753 Warren Ref Ac Chein com 2 4,744 Weinberger Drug • 410 W R I Corp pref 108 432 White Motor Co common 1 13 X 116)4 17 70 Sale 12 17 116 X 70 ? Sale 153* 16 2334 96 23 34 2434 3734 2534 3834 20 34 25 20 Dec. 20 113 Dec. 1 24 20 16 Sale 123* ""63* "11)4 9 Mar. 29 2334 Nov. 12 13 10 15 11634 Dec. 10 10 5 13 Dec 10 5 Dec. 31 109 60 Jan. 6 6 11634 Dec. 62 Dec. 21 70 16 Dec. 1734 Dec. 3 534 24 34 24 100 100 1 6 Dec. 3 Dec. 28 24 Dec. 16 100 2234 Dec. 13 3634 Dec. 14 3 41 3834 Dec. 28 97 99 97 31 Dec. 6 Dec. 28 Dec. 16 2334 Dec. 14 3734 Dec. 24 4 37 35 40 19 17 1734 15 14 434 1334 Sale Sale 11 1534 13 434 15 Sale 16 1254 17 32 15 40 17 30 33 234 3)4 1634 173* 2)4 5 18 3 60 3 75 75 8 3 IX 11)4 3% 1734 934 51 14 Sale 14)4 4)4 Sale 60 20 123* 13" 10 19 14$* 12 31 Sale 3 Sale 17 Sale 1% 1 12 35 434 27 16 134 34 2934 24 Sale 20 11% Dec. 23 32 Dec. 9 4034 Dec. 30 Dec. 29 100 Dec. 28 3334 Dec. 22 6 1634 Dec. 1334 Dec. 22 334 Dec. 28 134 1 Dec. 6 Dec. 28 2234 25 34 26 3134 4 3534 Dec. 28 27 Dec Dec. 16 11 100 13 2534 Oct. 25 19 373-4 Dec. 24 29 Jan. 19 17 16 50 June 1 11 35 Feb. 7 28 1734 Jan. 14 4014 Dec. 30 2 12 100 28 3 12 1434 Dec. 19 434 Dec. 31 1334 Dec. 1 13 June 12 1434 Dec. 13 3234 Dec. 30 1434 Dec. 13 3334 Dec. 13 Dec. Dec. 15 Dec. 23 234 Dec. 16 6034 Dec. 28 3 Dec. 21 1734 Dec. 23 Dec. 28 13 234 Dec. 19 6034 Dec. 28 60 16 5 3 1734 Dec. 27 12 4 Dec. 534 Dec. Dec. Dec. Dec. Dec. 21 22 14 23 434 Dec. 31 Dec. 1 134 Dec. 6 Dec. 9 52 834 234 40 13s 34 21 18 20 Jan. 25 1834 Jan. 634 Jan. 26 18 17 Oct. 27 4 Jan. 18 4 Mar. 23 33 34 Dec. 13 Mar W$At 234 Dec Aug 52 234 4134 134 34 2 334 Mar. 30 8 Jan. 10 2 Apr. 1434 Dec 2234 Apr Nov. 30 634 Jan. 44)4 Jan. 65 Dec Apr. Mar. Sept. June Sept. Sept. Dec Dec _ 29 3 11 23 26 14 23 Mar. 8 634 Feb. 1834 Sept. 12 July 52 Sept. 1234 Sept. 434 Jan. 17 7 30 60 28 Feb. 3 10 11 3 34 June 30 1 Oct> 26 10 >8 1634 1534 Sale 1434 9 15 1234 34 35 534 6 634 5 on34 29 5 28 Feb. 8 29 Jan. 24 Dec. 3 2534 Dec. 15 20 June 15 33 Jan. 26 13 2534 1134 1334 734 1334 11% 13X 3 24 Aug. Dec Sept. Nov. Dec Apr. Sept. Apr. Apr. 88 17 Feb. 28 Jan. 19 July 9 July 14 Jan. 24 84 Mar. 31 Sept. 15 29 70 6 2134 2034 1234 734 834 27 1 Dec. Dec. Jan. Jan. 3 Dec. 28 5 5 55 15 Sale 2 Jan. 28 Sept. 27 Jan. 7 Apr. 1 July 14 Mar. 3134 Jan. 22 11734 July 27 75 July 1 24 1434 3534 1634 13 34 3 34 50 314 1534 1834 9 34 734 2034 4234 3834 534 1 Nov. 10 Dec. 8 Jan. 12 Mar. 30 May 18 Dec. Dec. 66 434 8 32 10 33 20 6 1 11 13 40 Sale Dec 11 2734 85 18)4 18 2134 Dec. 29 40 13 "II 5 9 16 58 25 June 15 6 33 60 33* 8 Dec. 4 28)4 31 16)4 Sale 2% 3)4 14 Mar. 21 July 13 834 Aug. 17 40 July 21 9734 May 28 1234 Jan. 25 66 Sept.17 2034 Dec. 2 234 July 22 Dec. Dec. 10 13 11 5 July 13 834 Dec. 13 1934 Dec. 28 3834 13 1134 Jan. 2.' 1634 Feb. 21 234 Aug. 12 4134 June 3 65 10734 Jan. 13 113 Dec. 22 3 15 13 2034 Dec. 2 234 Dec. 14 6134 Dec. 7 6 3 25 2 Dec. 21 734 Apr. 1334 Dec. 12 13 Dec. 21 15 1434 1134 1934 1434 1334 Dec. 15 Dec. Dec. 13 21 1334 Dec. 15 9 Dec. 19 10 Dec. 5 9 Dec. ,13 Dec. 14 14 Dec. 14 13 Dec. 1134 Dec. 29 32 Dec. 24 434 Dec. 29 1134 Dec. 29 19 14 834 Apr. 26 534 Dec. 29 30 2 Mar. 28 Mar. 26 29 Dec. 35 1 Nov. Jan. Feb. Oct. 39 July 534 Dec. 22 12 17 10 26 12 29 Nov. 10 50 Sale 37 Dec. 27 50 Dec. 30 12 Apr. 954 Mar 30 1354 July 34 35 35 Sale 34 Dec. 27 Dec. 31 3334 July 11 28 Dec. Dec. Dec. Dec. Dec. 21 3 18 Sale Aug. 15 35 Sept. 26 27 Dec 13 5 34 Jmy 5 13% 2634 334 1134 334 334 Dec. 334 10X 2834 434 10 34 35 27 June 16 1134 Dec. 1 3 34 Dec. 21 334 Dec. 20 534 Dec. 28 134 June 8 11 33)4 48 24 10)4 32 38 ~3X "4" 7 6 13 2 Sale 6 6)4 12 4 4 6 4 Sale 434 7 4 334 5 2834 1334 434 4 7 Sale 134 1434 2% 16 134 1334 1434 100 60 70 13 60 1234 5 7 20 10 21 20 Dec. 20 82 13 434 Dec. 31 1134 Dec. 10 Dec. 4 69 1134 80 J* 18 11 pref series A. 100 payment endorsed, c Second 8 5 Oct. Mar. 26 50 7 5 7) 2) 23 10 Feb. 1 Nov. 12 July 1 Jan. 5 13 Oct. 1 20 Jan. 25 45 May 25 63 Nov. 134 Sept. 27 2 Youngstown Sheet & Tube— No par value, a In liquidation. b First t N»me changed; formerly Peerless Corp* 2 Dec. 28 Aug. 100 * ... Dec. 234 Dec. 21 58 21 12 * 20 66 14"" "41" 834 May 31 Mar. 15 Aug. 9 4 Mar. 25 July 21 July 12 734 Sept. 28 63 May 7 2034 24 common... 20 3 Sale 32 434 6)4 3 34 634 Dec. 31 10 Mar. 26 95 2034 40 34 % 80 434 Dec 53$ Mar. 23 40 18 29 Dec. 31 10 81 110 10 Patterson-Sargent.. * Reliance Elec & Eng........ Richman Bros * Seiberllng Rubber...... • Preferred.. 100 S M A Corp common .1 Stouffer Corp— Sale 21 33 * 80 113 30 X 7 cum Highest Sale Prices 19 1.531 Ohio Brass B.. 534% Lowest Sale Prices 111 X 29 14 Highest Sale Prices Sale 18 2)4 • 2 59 nf,% 27 598 Ohio Confection 79 16 63 * * Lowest 95 60 3,819 NettieLeMur"A"__ • 214 Nineteen Hundred Corp A__* cum Sale 97 100 13,832 National Tile... 4,253 5,335 27,455 4,506 3,891 5,425 378 1938 Sale Prices' 50 85 22 58 __.* 6)4 10 16 43 15 14 * Sale 953* 9)4 66 ....100 2,106 Otis Steel Co 3,274 Packer Corp Ask 193* 193* • 5,151 Metropolitan Paving Brick..* 927 634 79 6 .... Preferred 15)4 12 73 24 18 5 2.398 McKee (Arthur G) B 7,028 Medusa Portland Cement 187 31 10 30 ....* Kelly Island L & T tamson Sessions Class A $2.25 320 8)4 ...._* 3,558 Lima Cord Sole & Heel 1 330 McKay Machine _.._.* 20 1,552 50 Hanna IM A) $5 pref Harbauer Interlake SS__ 2.905 Leland Electric 226 2,715 1,719 6 10 100 690 1,195 3,190 7 10 8 58 % 5 Jaeger Machine 8 834 73 100 403 Halle 111 or her s 2,604 Preferred 164 6 com..* 1,101 Grelf Bros Cooperage......* 1,425 6 Dec. Ask Bid 11 5 306 Great Lakes Towing 246 Preferred 1,181 2,255 8,497 2,553 5,995 13.628 Bid 50 100 12 ...» com 190 420 10 198 General Tire preferred 100 3,399 Goodrich B F Co common * 6 210 434 * 339 Fostorla Pressed Steel 35 25 68 34 . 250 YEAR 15 53* 10 10 .........100 4,201 Clark Controller new 1 2,055 Cleveland Builders Realty..* 12,693 Cleveland Cliffs Iron pref—* 163 5,317 4 Ask 100 common Preferred Dec. 1 1938 * 805 15 Canfield Oil RANGE FOR Jan. 3 STOCKS Bid 465 73 1937 Jan. 1 to Dec. 31-_ Price Shares 845 68 1938 December CLEVELAND STOCK EXCHANGE In Bond Sales 65,509 Jao. 1 to Dec. 31___ AGGREGATE THE CLEVELAND STOCK EXCHANGE 1938 1334 Dec. 28 1434 Dec. 1134 Dec. 28 1134 payment endorsed. 5 Dec."28 4 1134 Dec. 28 1134 Dec. 28 85 85 Oct. 20 d Third payment endorsed. Oct. 20 In the earlier part of this publication complete records of the dealings the country, for the latest month and for the calendar year to General Quotations we only those dealt in on combine in one date, are on the leading stock exchanges of furnished. In this department of comprehensive whole, securities of all classes and descriptions, -not the exchanges, but also leading unlisted and inactive securities. The following is an index to the different classes of securities quoted: Page Exchange Seats......................... 83 Federal Land Bank Bonds............... Page Page Joint Stock Land Bank Securities........Ill Mining Stocks 91 Foreign Government Bonds.............. 92 Railroad Stocks......................... Real Estate Bonds.... ............ 84 Municipal Bonds—Domestic............. 91 Industrial Bonds 81 Industrial Stocks....................... 84 Public Utility Bonds..... Insurance Stocks....................... 99 Public Utility Stocks.................... 78 Canadian.... 84 ... 93 Textile Stocks.—...—................. 84 73 ...................... Railroad Bonds......................... Investing Companies Securities.......... 72 71 ................112 Real Estate Trust and Land Stocks.. Title Guarantee and Safe Deposit Stocks. United States Government Securities..... 84 United States Territorial Bonds.......... 91 67 91 Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue. The letter "f" prefixed to bond prices denotes that the quotation is a flat price—that is, that the accrued interest forms part of the price, and therefore the purchaser does not have to provide for it separately in making payment. In the case of income bonds and bonds in default, the price Is always "flat," and no designating mark is employed to indicate the fact. Quotations for equipment bonds are based on average maturities. Quotations for guaranteed stocks are "and dividend" that is the accrued dividend must be paid in addition to the price. # It should be borne in mind In the use of these tables that the quotations for many inactive and unlisted securities are merely nominal, but in all cases the figures are obtained from sources which are considered reliable. The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬ dated, "conv" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional. The black-faced type in the letters showing the interest period indicates the month when the bonds mature. NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds. Bid Bonds RAILROAD BONDS Aberdeen AAsheboro 1st 5s'40 J AJ f Adirondack 1st 4 54s 1942 gu M& " Akron A Barb Belt g 4s 1942. JA Akron Canton A Youngs town— Gen A ref 6s 1945 series A.AA / / Gen A ref 554a 1945 ser B.AA Ask 27 60 35 70 99 2554 2554 10554 10354 VJCU Ulw^w UO vv<v JL a xU- / / «- 8 1 77 7254 Albany A S us q 354s g 1946—i Alleghany Corp— 80 Coll tr conv 5s 1944——FAA 69 Coll A conv 5s 1949——JAD Coll A conv 5s 1950——AAO / 5s stamped 1950 3654 A&O 10454 Allegheny Valgen 4s 1942-MAS Allegheny A Western— 1st mtge guar 4s 1998 4554 AAO American Refrig Transit— 3.50 Equip 5 54® series E1939--MAN 6 5.00 Equip 5s ser F, G A H, '41-'4fi b 3054 27 27 104"" 10 80 77 __ . _ 82 70 50 3754 10454 ^ 50 2.50% 4.00% 33 A Term— Ark A Mem R 97 Aroostook Nor 5s g 1947—..AAO 104"" Fe— 107 gold 4s 1995—.AAO Adjustment 4s July 1 1995 Nov / 89 Stamped ............MAN / 8954 Conv g 4s of *09 due 1955.JAD Conv g 4s *05 due 1955—JAD Conv g 4s of TO due 1960. JAD Conv deb 454s 1948 JAD Trans 8 L 1st g 4s 1958—.JA 10854 Gal-Ariz lstAref454s'62 opMAS 98 Rocky Mt Div 4s 1965... AJ 56 Athens Term Ry 1st g 5s *37—JAJ / Atl A Birm. See Seab'd Air LI Atlanta A Charlotte Air Line— 8554 1st M 454 1944 ser A JAJ lot M 5s 1944 ser B JAJ 9554 Atlanta Knoxville A Northern—1st mtge gold 5s 1946 10854 JAD 88 1st cons 4s Mar 1 2002 MAS 99 Atlanta Terminal 6s 1939—.FAA 60 Atlantic City 1st 4s 1951—-JAJ Atchison Topeka A Santa _ Gen mtge 33 1st 5s ext May 11954....MAN Atlantic Coast Line RR— 1st cons 4s July 1 1952—MAS Conv deb 4s 1939 op *16—MAN Gen unifser A 454s 1964—JAD 10-yr coll tr 5s May 1 '45.MAN Lou A Nashv 4s Oct 1 '52.MAN • Equipment trust 454s—.— 6 Eq 4tts 1939-41 E (yr)—*FAA b Eq tr 2 54s 1939-52 AAO 6 Atlantic Coast Line (Conn)— Irred ctfs of indebt 5s—...JAD Atlantic Coast Line of S O— Gen 1st g 4s July 1948——JAJ Atl A Danvill« 1st 4s 1948—.JAJ 2d g 4s 1948.—......—-JAJ Atlantic A Yadkin gu 4s '40.AAO Aug Term 1st gu g 6b 1947—AAO b Basis 75 10754 9054 9054 95 9254 9054 10054 10854 9854 Ask 5-year sec notes 4 54s 1939.FAA Ref A gen 5s series A 1995. JAD Certificates of deposit Ref A gen 6s ser C 1995--JAD Certificates of deposit Ref A gen 5s ser D 2000--MAS ' Certificates of deposit Ref A gen 5s ser F 1996--MAS Certificates of deposit Convertible 454s, 1960 FAA Certificates of deposit P L E AWVa Sys ref 4s'41 MAN Certificates of deposit S'west Div 1st mtge 5s '50-JAJ Certificates of deposit Tol Cinn Div ref 4s A '59--JAJ Eq tr 454s 1939-40 (yr)—MAN Eq tr 454s *39-*41 O (yr)—FAA Bangor A Aroostook— 1st M 5s g Jan 1 1943 JAJ Cons refund g 4s 1951 JAJ 4s stamped 1951 Plscat Div g 5s Jan 1943..AAO St Johns Riv Ext gu 5s *39.FAA Yan Bur Ext 5s g Jan '43-AAO Washburn Ext 1st 5s '39-. FA A Battle Or A Sturgis gu 3s '89. JAD Bay City A Battle Crk 3s '89 JAD Bedford Belt 1st 5s 1938 JAJ Beech Crk Ext 354* 1951—.AAO Belt RR A Stk Yds (Indplis)— 1st ref gold 4s 1939 MAN Belt Ry of Cbatt 1st 5s *45—JAJ Belvidere Del cons 3 He 1943-JAJ 9354 52 H 55 60 39 40 Boston ANY Air Line— 19 H 20 70 18 54 1954 19 Vs 20 20 1854 16 54 16 k 17 54 1854 1854 3-854 1654 11H it* 1154 .is* 5.50 5.50 Boston A Albany 5s Oct 5s June 1942 85 99 6454 6854 75 68 2.25 2.25 2.75 7754 71 1.50% 1.50% 2.00% 80 85 93 35 96 , 37 5.00% 5.00% 107 % 9954 99 H 105 102 105 102 40 100 106 45 43 48 101 75 102 '63..JAJ .JAD AH* imp J 1978 FAA 1st mtge 454s ser A1943..AAO 3 Hs Jan 1 1951— JAJ Ref 3Hs 1952 gu N Y O—AAO Boston A Maine RR— 1st mtge 5s ser AO 1967.—MAS 1st mtge 5s ser II1955 MAN 1st mtge 4 %s ser JJ1961—AAO 5s series AA 1944...... AAO 5s series DD 1945 JAD 5s series FF 1947 JAJ 5s series R 1940...—....MAN 5s series T 1941 .; MAS . 3654 3254 5s series U 1941... MAN 5s series V 1942 MAS 5s series W 1942———AAO 5s series 2 1943.........MAN 54 Mtge 454s 1944.... k Last sale. JAJ n Nominal. 3.50 83 5s 1939-44 MAN 1st mtge gu g 4s 1955—FAA Bost A Prov deb 5s July 11938 Boston Rev Beach A Lynn— 1st m 454s Juy 15 1947—JAJ15 6s ext to Jan 15 1947 JAJ Boston Term Co 354s 1947.-FAA 4s1950 ! —„JAJ Buffalo Creek 1st 5s 1941 JAJ 1st ref 5s 1961— JAJ Buffalo Rochester A Pittsburgh— Con g 454s 1957 —MAN Certificates of deposit 2.00% 2.75 85 J&* 24 66 55 58 55 58 20-yr coll tr 45*8 1946—-MAS 2754 Coll tr 5s 1954 JAD S f 454s Dec 15 1944—-JAD 15 Coll tr 454s 1960 JAJ Canadian Pacific— Cons deben 4s perpetual 28 8S-H 26 Conv coll trust 3s 1945 Coll trust 254s 1941— Eq tr 5s 1944. 26 _ 26 26 23 JAJ Conv coll tr 6s 1942 MAS 15-yr conv colltr 4s 1949—JAJ Conv coll tr 354s 1951 FAA 27 26 26 754 5.00' 5.00' 5.00< 9 70 10 5 14 8654 8754 8 90 82 60 26 27 70 Burl Cedar Rapids A NorthCon 1st A coll tr 5s g '34—AAO Certificates of deposit—— Cambria A Clearfield— 1st 5s g 1941 JAJ Gen M g 4s 1955 .FAA Cambria A Indiana RR— Equip trust 2 54s 1939-47—AAO Canada Atl Ry 1st 4s 1955—JAJ Canada South 5s 1962 ser A.AAO Canadian National Rys— 454s guar 1957 .JAJ 454s guar 1951 ...MAS 454s guar 1956 .FAA 454s guar 1955— JAD 15 40-yr 5s guar 1970——FAA 5s guar July 1 1969— JAJ 5s guar Oct 1 1969 AAO 5s guar 1954 FAA 16-year guar 3s 1950 .JAD 13-year guar 3s 1950 JAD Guaranteed 3s 1944 MAN 7-year guar 2s 1943 FAA 4-year guar 2s 1942. JAJ 17-year guar 3s 1953—...FAA Eq tr 454s 1939-1942 (gu) MAN Eq tr 454s 1939-45 (ann).JAD Equipment trust 5s Canadian Nor deb 654s '46—JAJ Canadian N W454s Oct22 1943— 6454 27 5.75 5.75 5.75 23 70 2654 2654 21 ... 67 74 53 57" Ask 20 Buff A Susquehanna RR Corp— 1st 4s Dec 30 1963 _JAJ _ — 85" 2.40 161" 80 *8* ii* 3254 10654 11254 65 „ Bessemer A Lake Erie- Birm Term 1st g 4s 1957 gu.MAS Bluff Point Land A Imp 1st 4s *40 Boonville St L A Sou 5s '51.FAA Bid 54 H 49 H 75 54 7154 Equip tr 2 Ha 1939-1947—MAS 84 50 99 1st mtge g 4s, July 1948--AAO 1st mtge g 5s, July 1948--AAO Certificates of deposit Bonds Boston A Maine RR (Cont)— Mtge 4s ll942 ....FAA Mtge 3s 1950. ——.—JAJ Equipment trusts— 354s 1939-44 JAD 4548 1939-43 AAO Big Sandy Ry 1st g 4s 1944—JAD Birmingham Southern— Equip trust 3He Dec. 11939-46 96 31 1st mtge gtd g 5s 1941—.JAJ Augusta Union Sta 4s 1953..JAJ / This price Includes accrued interest. Bid Baltimore A Ohio— Alabama Great Southern-— Alabama A Vlcksburg By—„ 1st M g 5s 1974 s. ries A..MAN Bonds Austin A Northwestern— . AAO AAO JAJ Eq tr 454s 1939-1945s-a_-JAD Caro Cent 1st g gu 4s 1949..JAJ Oaro Clinch A Ohio 6s '52. JAD 15 Carthage A Adirondack— 1st mtge guar g 4s 1981...JAD 654 6 54 102 9454 9554 2.75 2.00% 9154 9354 9554 11554 11354 11554 115 11654 11854 11454 11854 11754 9854 11854 9954 99 103 104"" 10054 10154 11754 116$ 119 101 98 2.90 99 2.00 2.90 2.90 2.00 12254 94 7954 9754 9754 9354 8954 2.00 122 97 80 98 n 100 94 93 ya 102 1025? 89 90 87 87 y± 8654 33 U2& 4254 10554 44 9654 11254 2.00% 60 10654 55 68 BAILR0A1) 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 o the month preceding the date of issue Bonds Bid A&O 1948 Catawissa RR g 4s 101 12 13 Central Arkansas & Eastern—• 1st 5s 1940 J&J / Cent Branch Union Pacific-— 1st 4s 1948 J&J Central of Georgia-— 1st M g 5s Nov 1 1945—-F&A Cons gold 5s 1945 —M&N Ref & gen 5%s 1959 ser B.A&O Ref & gen 5s 1959 ser O—A&O Eq tr 4Kb '39-'40 ser P<yr)M&S Eq tr 4 Ha ,39-'40serQ(yr)M&N Chatt Div gold 4s 1951---J&D Macon & Nor g 5s 1946-—J&J Mid Ga & Atl 1st 5s 1947—J&J -J&J Oconee Div 1st 5e 1945——JAD Cent New Eng 1st gu 4sl961 J&J Mobile Div g 5s 1946 Central of New Jersey—* Gen M (now 1st) g 5s 1987-J&J -J&J Gen M 4s 1987 Eq tr 4%s 1939-41 Central Pacific— (yr)—F&A Bonds Ask 100 Bid Eqtr 4 %s 1939-44 A&O b Chicago South Sh & So Bend— Sink fund 3s ser B 1963—J&J 14 17% Chic Teri e Haute & Southeast— 1st & ref g 5s Dec 1 '66 opt J&D 32% 11% 5% 38 Inc mtge 5s Dec 1 1960 Chicago Union Station— 5% 6.50 6.50 12% 4s Prior lien gold 4s 1996 Gen lien gold 4s, 1996 57 45 00 90 Erie & 89 Erie & 39 35 Choctaw Oklahoma & Gulf— Consol gold 5s 1952 M&N 11% 13 8* Cincinnati Hamilton & Dayton— General 5s gold 1942 J&D Cin Ind & West 1st 5s 1965-M&N 4.50% Cincinnati Lebanon & Northern— il* 8 6 4 31% 23 19 1st ref 4s g guar 1949-——F&A 1st g guar 4s Oct 1 1954—A&O 74 75 61% I960 — --F&A European loan 4s 46 -—ttl&S Central RR & Banking of Ga— 60 70 61 50 1942—M&N 53 5554 88% 54 Coll tr 5s ext'd to 90 4.00 Eq tr 5s Dec 14 1939-'44 'J?) — Char & W Carolina 5s 1946--A&O 86 Chatt Rome & Sou 1st 5s 47 J&J 35 100 Chattanooga Sta 4s 1957 gu_-J&J Chesapeake & Ohio— 1st cons g 5s 1939-_-----M&N 101% General 4%s gold 1992I—-M&S 118 Ref & imtp 3%s D 1996--M&N Ref & .mpt 3 %s ser E 1996 F&A 95 Ref & impt 3%s ser F 1963 J&D notes, 1940-J&J lOOji notes, 1941 —J&J 100% notes, 1942 J&J 10054 notes, 1943 J&J 100J4 notes, 1944 J&J 101 notes, 1945 J&J 101 101 ~,B/0 notes. 1946 -J&J 2.30 Equip tr 2s 1939-1947 M&S 2.30 Eq tr 234s 1939-1946——J&D & Eq tr 3s 1939-1950 A&O & 2.50 1.50 Eq tr 454s '39-'40 (yr\r7-A&0 6 104 Craig Valley 1st 5s g 1940-J&J 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 Chicago & Alton RR— Refunding g 3s 1949.-—A&O / Chicago Burlington & Quincy— Gen M 4s 1958 _M&S lst & ref 4 %s ser B 1977--F&A 1st & ref g 5s 1971 ser A F&A '29.J&J -J&J 2 54s 1939-47—-—A&O & Illinois Div 3 %s '49 op 4s July 1 1949- Eq tr Chicago & Eastern 111 <new co)— Gen M 5s May 1951 M&N/ Certificates of deposit / Chicago & Eastern Illinois— 1st consol 6s gold 1934. A&O / Chicago & Erie 5s 1st g'82..M&N Chic Great West 1st 4s 1959.M&S / Equip tr 4 54s 14A" 1945.-A&O 6 Chicago & Illinois Midland Ry 1st mtge s i 454s ser A *56 M&S Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville— Ref Mg 6s 1947series A__.J&J/ Ref M g 5s 1947 series B—J&J/ RefM*g 4s 1947 seriesO—J&J/ 1st & gen 5s 1966 series A.M&N/ 1st & gen 6s May *66 ser B.J&J / , 90 Monon Coal—■ N on-cum inc 5s 1955(w-s)— f A&O Chic June Ry & Un Stk Coll tr ref 5s 1940 Fed inc tax. / Gen M 5s'87 stpd inc tax-M&N / GenM4 %s'87 stpd inc taxM&N / GenM4 54s'87 stpd Inctax M&N / 15-year 654s Mar 1936 M&S 1st & ref 5s May 2037 J&D/ 1st & ref 4 54s May 2037..J&D/ 1st & ref 454s May 2037 C J&D/ Conv g 4%» 1949 ser A M&N/ Eq 454a ,39-'42(yr)ser A.M&N b non-pay Chic R I & Pac Ry— General gold 4s 1988 Certificates of deposit J&J / / Ref g 4s 1934 opt to 1911.-A&O/ Certificates of deposit / Sec 4 54s 1952 ser A. M&S/ Sec 454 ser A certif of dep / 30-yr conv 4 54s I960 M&N/ Trustee ctfs 3 54s 1947— Chicago St Louis & N O— Con g 5s June 15'51 J&D 15 Con g 3%s June 15'51.J&D 15 Mem Div b Basis. 1st 4s 1951 J&D 58% 99% 55 59% 100% 70 J&J A&O 106 106 Ser D 354s gen gtd 1950—F&A Gen & ref 4 ,8 1977 ser A-F&A 104% 109 10954 1253 13% 93 3.40 95% 98% 103% 2.00% 22% 22 s 1981 ser 85" Equip tr 2%sser A 39-'52 M&S 1945-J&D 24 54 General mtge 454s 1980--M&N & Pt Deposit 4s 1940— Columbus & Hocking Valley- A&O 27 20" Connecting Ry <Phila)— 1st M gu 4s Mar 15 '51-M&S 15 1st 5s 1951 M&S Consol Dayton Union Ry 1st 4s '49.J&J 2154 Del & Bound Br 3 54s 1955--F&A Delaware & Hudson— 6954 15% 16 1054 1054 454 454 13% 1854 Deb 4s 1955 1st & ref gold 4s 63 100 40 42 M&N 1943 Great Northern— Equip trust 4s Apr 1 1939-'49— 29% 9% 20" 3 33 38 45% 30% 36 34 36 15 102 11% 354 62% 62% 5.00 4.00% Denver & Rio Grande— 1st con g 4s 1936 J&J J&J — 1st con g 27% 2554 27% 454s 1936 Inc mtge 6s Jan 1 1960-An Apr 1st 4s 1950 J&J Des Moines & Fort Dodge— —— 28 2754 5.75% 5.75% 5.75% 5.75% 5% 6 5 9% 5.50 10, 5.50 4.7598 5.50 4.75% 1454 1454 15% 14% IS* IS* 15% 1654 I854 11 19% 9% 9% 5% 5.75 10% 12 1054 r 5% 5.00% 18 17 8% 7% 9 9 88 74 6354 78 57 60" Ctfs of dep for gtd 4sl935-J&J 4% 59 97% 99% -M&N Detroit Toledo & Ironton— 1st 5s Mar 1 1964 Eq tr 2%s 1939-1947 J&J M&N Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J Dext & Piscataquis 4 54s "49.-J&J Dulutb Missabe & Iron Range— 1st mortgage 3 54s 1962—A&O Duluth South Shore & Atlantic— 98 2.75 103 65 105 1st gold 5s 1937. -J&J Dutchess Co RR 454s 1940.-J&D East Penn 1st 4s 1958 M&S 2.25% 70 105% 102 East Tenn & Western N C— 1st extended 5s 1965 M&N 75 East Tenn Va & Georgia— Consol 1st g 5s 1956-.- 12% 110% 88 4.00 65 §2% 82 101 J&J 96% 87% 73 2.40 1.50 Eq tr 2s 1939-1947 -M&S Eqtr 4%s 1939 M&S Eqtr4%s 1939-1940 Diyr) J&J Western Fruit Express— Eq 5s J'ne lo 1939 <yr)J&D Eq tr 4%s 1939-1940—J&D I654 55 89 3.00% 101% 97% 91% 83% && 98 86 2IVI 1.00% 1.75 1.00% 1.50 1.00% 1.00% 1.75 J&J 85 91 W Va Midland Ext 6a '54.J&J 83 Greenbr Ry lst g gu 4s '40-M&N 103% Green Bay & Western— Debenture ctfs A Feb / 54% Debenture ctfs B Feb 7% 48 60 7% 53 6 9 Gulf Mobile & Northern— 1st 5%s 1950 ser A&O lst 5s 1950 series C Gulf & Ship Island RR— lst ref & term g 5s Feb 67% 70 A&O B 70 79% 75 166" '52.J&J Stmpd (July 1 1933 cpn on). Gulf Terminal of Mobile— lst mtge g 4s 1957 gu Harl 20 J&D 110 97% 85% Harris Ports Mt Joy & Ext 4s 1943 33 55 2nd Mort.gold4s 1995 97 J&J J&J 61% 22 Detroit Term & Tunnel— 1st guar 4%s 1961 94 Gen mtge 4s ser G 1946 J&J Gen mtge 4s ser H 1946 J&J Gen mtge 3%s ser 11967—J&J 97 45 96 !00% J&J 93 3% 100 '41-J&J 59% 1947--M&S 100% 92 94" Guayaquil & Quito lst 5s '32 J&J2 / „ 4.75% Det & Mack 1st lien 4s 1995-J&D Des Plaines Val 454s 99M Guantanamo & Western— lst M 68 1958 series A __J&J Denver & Salt Lake Ry— 15 15 1834 8 754 834 " 734 3% 86 Eq tr 454s 1939-'42 (yr)—M&N Equipment trust 5s Equipment trust 554s 554 15 17% 15% Gen income 5s Aug '55—F&A Assented subject to plan Ref & impt 5s 1978 ser B—A&O 105 103 . . Greenbrier Cheat & Elk— 1st 5s 1944 99" 104 an^Gent ral Gen 4%s 1976 series D Gen 4%s 1977 series E 16 9% 9% 9% 94 85 lst & ref g 4%s '61 opt Denver & Rio Grande Western- 10454 25 103H Gen M 5%S 1952 ser B Gen M 5s 1973 ser C Delaware Lackawanna & Western 101 25 J&J 98% 4.50% 25 Eq tr 5s Dec 14 1938-'43 «yr)„ Grays Pt Term g 5s 1947 J&D 114 31% 45 5.25 102 J&J 29% 107% 2 101 25 (Mountain and Prairle)4s 1955 Grand Trunk Western— lst g gu 4s $ July 1 1950 109 5% 6354 J&J Valley—See Michig 3% 7 38 112 97 J&J Grand Trunk Pacific— lst M 3s 1962... 3% 42 Superior) 4s 1955--. 1st 4s Feb 25 *39 Alb gu—M&N lst 4s Feb 15 '42 Alb gu—M&N Gen 4s 1962 Can Govt gu..J&J 109 Ext gold 4s 1948 "5% 9854 2.00% 106% 103 - 98 Grand River 21% 30 108 2nd ext 6s 1979 M&N Gouvernour & Oswegatchie—lst 5s 1942 J&D 73% 15 H 2% 2% 5% Ga RR & Bkg ref 6s 1951—A&O 4s Jan 1 1947 J&J Ga Sou & Fla 1st g 5s 1945 J&J Deb 5s 1952 A&O 77% 73% 2.50 10 f Grand Rapids & Indiana— lst 4%s 1941 lst 3 %s 1941 43% 17 M&N 88% 2% 1% 40 H (Lake Rys <N H) deb 4s '54-J&J J&J Deb 4s 1955 A&O Deb 4s 1956 guar J&J Cuba Co extend 3s 1955.-—J&J Cuban Nor Rys 1st 554s, '42 J&D Cuba RR 1st g 5s 1952 J&J 754s extended to 1946——-J&D 6s extended to 1946—-—J&D imp & equip 5s I960- —-M&N □anbury & Norw ref 4s 1955-J&J 5.00% Georgia Carolina & Nor— Ext at 6 % to July 1 1934 Georgia & Florida RR— 87 b 11% iaSH 102 J&J 42 Coal Riv Ry 1st 4s gu Colorado & Southern- 20 '41-J&J 40 1st s f 554.8 1972 series A„ A&O 1st M s f 5s 1973 series B„ A&O 1st s f 454s 1977 series O—A&O Olinchfield RR— 67% 14 % Eq tr 4%s 1939s-a M&N Girard Point St'ge 3%s '40—A&O Goshen & Deckert'n lst 5%s 1978 102 Cleveland Terminal & Valley— 1st 48 gold guar 1995 M&N Cleveland Union Terminals— 22% 2254 100 90 107% B„ J&J 454s 191 65 1 1957 1st M 6s 1946 series A 96 103 104 1942 1942 92 25 Certificates of deposit Georgia Fla & Ala 1st 6s '52.F&A Georgia Midland 1st g 3s '46-A&O 96 88" 85 1 Fort St Un Dep Det 4%s 88 9% 9% 8 Ga & Ala 5s Oct 1945 J&J Ga & Ala Term 1st g 5s 1948-J&D 62 Ser B 354s gen gtd 1942—A&O Ser O6 54s gen gtd 1948.-M&N R & J&J Portch—See N Y N 62 H & Ha J&J Hoboken Ferry 5s 1946 M&N Hocking Valley Ry— 1st cons gold 4%s 1999 J&J Eq tr 5s 1939 (yr) J&J HolidayBburg Bedford & Cumb 1st M g 4s 1951 guar J&J Holyoke & West 4%s 1951 A&O Housatonic con 5s 1937 M&N Hudson & Manhattan— 1st gold 5s 1957 opt F&A 5% Feb '57-A&O Adj inc up to lst M 4%s 1957 conv F&A Huntington & Broad Top Mt RR & Coal extend 6s 1940 A&O Extended 5s 1940 Illinois Central— lst gold 4s 1951 106% 47 116 1.50 J&J J&J 1951—A&O lst g 3s sterling 1951 M&S Coll jtrust gold 4s 1952—A&O 116 j 1.00' 91 14 27% 33 43% 12% 45 12% 48 6 A&O lst gold 3%s 1951 lst extended g 3%s rtford" Lane RR % 1 86% 83 83 75 58% M&N 8454 90 Eastern Ry of Minnesota— Nor Div 1st g 4s 1948 A&O Edmonton Dun vegan & British 102% 105 Collateral trust 4s 1953 M&N Ref mtge 5e 1955 M&N 63% 66 Columbia Ry 454s 1944--A&O Elgin Jol & East 5s 1941—M&N 10154 10554 103 40-year 4%s Aug 1 1966. F&A 52% 53 106% Elmira & Williams port— 1st 6s 1910 ext at 4% 1950-J&J Income 5s 2862 : A&O El Paso & R 11st gu 5s 1951 - J&J J This price includes accrued interest. 77 65 8% Certificates of deposit— Fort Dodge Des Moines & Sou— 1st 5s 1938 J&D 65 Cleveland & Pittsburgh— 104 50-yr 5s 1975 series A F&A / 11% Oonv adj 5s Jan 2000 A&O / 3% Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989—-J&J / 26% Gen g 354s B May 1 1989-J&J/ 23% Gen 454s May'89 series C.J&J / 27 Gen 454s May'89 ser E—J&J / 27 Gen M 4 %s May *89 Ser F J&J / 27 Equip trust 3%s 1939-'53A&0 b 6.50 Eq 454s '39 '43 E & F eyr)_J&J b 6.50 Eq 4%s '39-'41 G & H iyr) J&J b 6.50 Eq tr 5s *39-'40 ser B iyr)_F&A 6 6.56 Chicago & North Western— Stmpd J&D 55 63 4%s 1982 con Genesee River 6s - Gen & ref 4 ] cons 43% 38 Proof of claim filed 107% 76 Cairo Div 1st g C W & M Div 1st 4s g '91. J&J St L Div 1st col tr g 4s '90 M&N 1.75% 1.75% 2.00% 1.00% 40% 102 102 gold 4s 1950 J&J ref 4%s '52 opt__M&N 1st 98 14 Eq 4%s '39-41 H (s-a)-.-M&S Florida Southern gu 4s 1945-J&J Florida West Sh 5s 1934 J&J / Fonda Johnstown & Gloversv— Amended 1st 14 99 94 s f 6s 1955 J&J Pittsburgh— 3%s ser B 1940—J&J 109 23 96 Jersey Gen ref 23% ie% A&O Eq 4%s '39-'41 LL (s-a)-M&S Eqtr 4%s 1939-'43 (s-a)— M&S 101 103% J&D White W V Div 1st 4s '40--J&J Chic Milw St Paul & Pac RR— g 1987—---M&N/ Gen M gold 4s 1987 M&N / 37 Spr & Col Div 481st g '40-M&S \ ds— 354s 108% 107% 1977-J&J 4s 1939 J&J Ser A 454s gen gtd Ser B 454s gen gtd M&N Proof of claim filed General 4s gold 1993 Gen M 5s ser B 1993 Ref & imp 454s ser E 95% 10154 105 98 8054 24 6.50 2.00% Cleveland Akron & Columbus— 96 11154 103 95 1st mtge g 5s series C '57-M&N 1st M 354s ser D 1971 M&N Clearfield & Mahoning— 1st gtd 5s 1943 J&J 101% 118% 105 98% 91^ 95 % 97^ 2.65 97 _ A&O 104 Coll trust ref 4s 1940 A&O 104 Chicago Lake Shore & Eastern— 1st M 454s 1969 opt 1919.J&D 111 Chic Memp & Gulf 5s 1940.-J&J 42 ChicMilw& Gary 1st5s'48.A&O/ 454 Gen M b 101% Cincinnati Union Term Co Louis-— Short Line 1st 4s 1953 Chic June RR 1st 4s 1945—M&S A&O 1st cons guar g 4s 1940—F&A Clev Cine Chic & St Louis— _ __ Chic Indianapolis & St 3.00% 55. F&A Chesterf & Lancaster 5s Eq trust 254s 1939-52 Cin Northern RR 1st 4s 1951-J&J Central RR of South Carolina— 1st ref 6s 1939-1976 Central Vermont Ry— 95 22 Florida East Coast 4%s '59. J&D 1st & ref 5s 1974 M&S Certificates of deposit 35 100% IP liS A&O 354s series O 1940 J&J Florida Central & Peninsula— 1st cons 5s gold 1943 J&J 56 33 95% 41% Gen gu g Cinn New Orl & Tex Pacific Ry 45 / 1st consol gtd 4s 1942 M&N Cinn & Muskingum Valley— Guar g 5s Series D 1953 Ref & imp M 5s 1967 Ref & impt M 5s 1975 88 10 5% 75 Conv gold 4s 1953 ser A__A&0 Series B 1953 A&O 105% 107% 105% 101% 35 14 Guaranteed 50 J&J J&J Ask 68 Erie— 59 56 A&O J&J 1st M 4s series D 1963 1st mtge 3 %s ser E 1963 5.00% - 57 42% M&S 1944 6.00 Bid El Paso & Southwestern RR— 1st & ref 5s 1965 A&O 5s stamped 1965 J&J 354s 1951 M&S Chicago & Western Indiana— Consol gold guar 4s 1952—J&J 1st & ref M 4 %s D 1962--M&S Choc & Memph 5s 1949 J&J / 9 9 5.25 Guar 6 654 5.25% 5.25% Bonds Ask Chic St Paul Minn & Omaha I; Last sale, n Nominal. 103 100 64 102"' Ref g 4s 1955 opt 1918.-M&N Pur liens 1st g 3%s 1952--J&J 58 62 54% 57% / 69 BONDS RAILROAD JAN., 1939] NOTICE—All bond prices are "and interest" except where marked "f" and income and Quotations for all securities are as near as possible for the closing day of the month preceding Bid Bonds Illinois Central—(Concluded) Carlo Bridge 4s g 1950. -J&D Louisville & 84 Equipment trusts— 3sserR, 1939-1952 ....M&S 4%s ser K, 1939 F&A 4%s ser L, 1939-1940--A&O 4%s ser M, 1939-1941..M&N 4%s ser N, 1939-1941—A&O 4%s ser O, 1939-1942-..J&J 4Hp ser P, 1939-1944--A&O 4%s ser Q, 1939-1944--F&A 63 < Southern L & N Term 1st g 4s '52 gu Macon 4.25 b 2.50 b 2.75 b 3.50 3.25% 1.50% 1.75% 2.50% 2.50% b 4.00 3.00 4.0C 3.00 100 b b 3.50 98 60 52 1st 4.50 20% 4 1. 19*4 2034 434 2434 19K 3.50% 78 81 82 85 55 60 834 4 opt.M&N 103% 103 J&D Kal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon RR 96 1st gold 5s 1940 J&J 105 Kanawha Br & Ter 5s 1948.A&0 78 Kana & Mich 1st 4s 1990--A&O Kan City Ft Scott & Memphis— Ref g 48 1936 guar A&O / 35 Certificates of deposit I K O Mem & Bir 4s 1934 M& f Income 5s Mar 1934 Sept / Kan City Sou—1st g 3s 1950 A&O Ref & Impt 5s Apr 1 1950--J&J Eq tr 3s F Jan 1 1939 1943—- b J&J J&J Kentucky Cent 4s g 1987—-J&J Kentucky & Indiana Term RR 1st M 4%s 1961 (sterling)-J&J 1978 St* 10 434 101% 1st ext 4348 Stmpd accr int at rate 4.8665— --- 53, ref 3%s 1997 J&D Leamington & St Clair 4s '45 A&O Lehigh & Lake Erie 4%s '57.M&S Lehigh & New England— g 4s ser A 1965. --A&O Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954 F&A Lehigh Valley— 1st gold 4s 1948 ..J&D Gen mtge 35% 35% 71" 68% 69% 3.00 2.00% 108 1941.J&J 108% 88 105% 92% 82 ' 90 50 60 88 86 68 88% 60 69" 82% 84% 37 44 60 61 18% if* 20% 20% 19% 19% 20 20 23% 22% 5s assented 1941 Lehigh & N 32" Y 1st 4s 1945—i 1965--A&O Lincoln Park & Charlotte— Lex & East'n lstgu 5s 111% J&J 66 33% 114 1st gold 4s 1939 guar J&J / Long Dock cons 3%s 1950—A&O / Long Island— Unified g 4s. 1949 1 Refunding mtge 4i 1949—M&S 4s stamped 1949 M&S Equip tr 5s 1939 (yr) A&O b b Equip tr 4 34s 1941-45 (yr)_; Los Ang-Pac Co ref 4s 1950--J&J Louisiana & Ark 5s A 1969 J&J Equip trust 3 %s to 1946—A&O b Louisiana & North West RR— 100% 13% 60% 80 81% 81 2.50 3.75 49 80% 3.50 91% 83% 90 1.50% 2.75% 51 * 81% 2.50% 1st M gold 5s 1935A&O / Louisville Henderson & St Louis— Guaranteed gold 4s 1945--M&S Louisville & Nashville— 105 J&J A&O 1st & ref 4 >48 2003 ser O—A&O 1st & ref 4s ser D 2003—A&O * 1st & ref 3 *4 s ser K 2H03 b Basis, A&O 105 Gen 6s 100 1634 A A&O / A&O / 17 90 51% 66% 30% 37 29 38% 30 36 63 impt 5s 2013 C A&O sec s f 1946—A&O 76% 3 %s conv secured 1952 M&N New York Central & Hud RIv— Ref g 334s July 1 1997—J&J 83% 7% 5% 7% 3% 67% 2% jy* 4% 75 2% — «• — 64 98 J&D 1.50 434s Mar 15 1939 —M&S 4 34s 1939-1945M&N 2%s Mar 15 1939-1952 3.00 1939 N Y Chicago & St Louis— 1st 334s extend 1947 8 6% 1.50 3.15 76% 10434 6034 52% 75% A&O 3-year 6s Oct 11938 Ref 534s 1974 ser A A&O Ref 434s 1978 ser C M&S 10-yr coll tr 4s 1946 F&A A&O 3-yr ext'd notes 1941 Equip tr 434s l939-*44 (yr)F&A Equip trust 3s July 1 1939-'51 New York Connecting RR— 1st M 4 34s 1953 series A F&A 1st guar 5s 1953 series B F&A - 64 6.00 6.00 . 103% 104% New York & Erie RR— 60 M&N 1st 4s ext g 1947 36% 32 16% 2.75% 48% 49 2136 2036 2134 2036 2136 2036 2136 2036 2136 2036 3% 23 2d ext 5s 1939 3d mtge 434s 1938 N Y & Greenwood Lake 85 M&S M&S 75 70 15 Guar g 5s 1946 M&N N Y & Har 1st g 3 34s 2000—M&N N Y & Hob Fy 5s May 1946-J&D N Y Lack & Western— 1st & ref 4s ser A 1973 97 44 56% M&N 1st & ref 434.8 1973 ser B—M&N New York & Long Branch— General gold 4s 1941— M&S 21% 2134 2134 72 General 1st 5s 1941-: M&S NY & NE Bos Ter 4s 1939--A&O N Y New Haven & Hartford— Deb 6s Jan 15 '48 conv—J&J15 Deb 4s May 1 1957 M&N 50 16% 6% Deb 4s 2134 21% 4 5 3.50% 3.50% 6% 62% 70 58% 66% N Y Cent equip trusts— 5s «» 80 tax-exempt.-J&J A&O 9% 80 4.50 4.50 1942 Ref & ref 4 34s ser A 2013 L S coll tr g 334s 1998 3% 70 53 4s 66% F&A M O coll tr g 334s 1998—F&A Spuyten Duyvil & Pt Morris— 334s 1959 J&D 73 60 75 70 57 61 15 Deb 4s 15 Deb 15 July 1 *55 non-conv J&J 1956 non-conv.__M&N 1947 non-con v..-M&S Deb 334s March 1947 M&S Deb 334s 1954 non-conv_-A&O Deb 334s 1956 conv ...J&J 15-year secured 6s 1940--.A&O 1st & ref 4 34s 1967 J&D Kquip.trusts 3s 1939-1951 M&S 434s9-15-39to3-15-45M&Sl5 434s 1939-1946 J&J 4s 15 15 15 24% Vft 6.00 6.00 6.00 5s Har RiV & Pt'Ohes 53% 4s *54 M&N N Y & N J Ferry 5s 1946 54 Ref 1st g 4s June 1992 -M&S / M&S / b b b / Gen M g 4s 1955 red 29 28% 33% 34 5.25 5.25 5.25 4.25% 4.25% 4.25% 19% 22 50 53 44 J&J Stock trust ctfs 4s 1948 N Y & Stamford 4s M&N A&O 102 120 103% 115 Montauk 80 Ext 1st 5s 1945 J&J Montgomery & Erie 1st 5s 1956-- / RR F&A J&D M&N B.M&N Nashville Chattanooga & St L— ser A Income 4s Jan 1 1939 74 99 1958—M&N 90 65% 48% 983a 33 N Y Susq A&O 1955 / M&N J&D A&O / New York Phila & Norfolk— N Y & Putnam 1st 4s g 1993-A&0 N Y Short Line 4s 1957 F&A 38 7% 4% M&S J&D N Y Pennsylvania & Ohio— Prior lien ext 4 %s. 1950—S5&S N Y Prov & Bos 4s 1942 39 25 103% 52 50% 43% «* — » ~ 52% 50% 44% F&A 70% 73 M&S 6 3.25 2.50% & Western— 1st refunding 5s 1937--—-J&J 2d mtge 4 34s 1937 F&A Gen mtge. 5s g 1940 -F&A Term 1st g 5s 1943 M&N N Y Westchester & Bos Ry— 1st M g 434s 1946 guar—J&J Nord Ry s f 634s 1950A&O Norfolk & Car 1st 5s 2nd Norfolk 5s 1946- Southern— 1939—A&O J&J , 1st & ref g 5s '61 opt T5--F&A Certificates of deposit-----Norf & South 1st 5s 1941-M&N 11% o 5% 30 3% 102 100 80 16 14% 56 lp 79 H n Nominal. 1st gen g 5s 1954 opt----J&J Norfolk Term 1st gu 4s 1961M&N 104" Norf Term & Transp 5s '48F&A Norf & W Ry 1st con 4s '96-A&0 Norrist'n & Maine 1st 4s *62 M&S Eq tr 2%s 1939-1952 k Last sale, ser 10-year 3%s Montana Wyoming & Southern— 1st mtge gold 58 1939 M&S Constr'n 5s 1955 ser A Constr'n 434s 1955 ser 105% f Pric- includes accrued interest, Monongahela Ry Co— 1st mtge 4s ser A 1960 Monongahela Sou 5s 1955 1st M 48 1978 99% 94% 88% 84% 78% Ref & 4334 5434 3.75 1st guar g 4s 1991 M&S Consol gold 3 34s 2002 M&S Monon Coal—See Chic Ind & Lou 1st 5s 1963 Morris & Essex 334s 2000 103 Unified gold 4s 1940 1st & rer 5s 2003 ser B Gen gold 4s, 1938 Ref & impt 4 34s 1977 Montour 1st mtge gold 5s 1946 J&J Louisville & Jeffersonville Bridge 32 25 Mohawk & Malone— 64" — New York Ontario & Western— Secured 5s 1938 M&S Eq tr 4s 1939-1943 M&S Eq 4 34s 1939-1942 (yr).. J&J 15 Eq tr 5s 1939 (year) J&J Montgom Div g 5s 1947--F&A 96 6s 1939 61 Mobile & Ohio— §§** 50 - - -- 15 59% 16 M&N Secured 534s 1938-1956 J&D Equip trust 5s 1939 *40(yT)M&8 Eq tr 4 34s *39 '44 F (yr). -M&N Mo Pac (old)—Gen 4s 1975-M&S 3d ext 4s July 1 1938 M&N Mobile & Birmingham— Prior lien 5s 1945 --J&J 5s small 1945 J&J Gen M k 4a 1045 J&J 4s small 1945 J&J 50 Litchf & Madis 1st 5s 1959-M&N Little Miami guar 4s 1962--M&N Little Rock & Hot Spr West Ry— 21 13 3036 30% Certificates of deposit Conv g 534s 1949 ser A 75 48% 46% 55% 19 33 Eqtr 2 34s 1939-1952 F&A Mo Kan & Tex (old company)— 1st gold 4s 1990 J&D Mo Pacific RR (new company)— 1st & ref 5s Jan 1965 A F&A Certificates of deposit 1st & ref 5s 1977 ser F M&S Certificates of deposit 1st & ref 5s 1978 ser G M&N Certificates of deposit 1st & ref 5s 1980 ser H A&O Certificates of deposit1st & ref 5s 1981 ser I F&A — 35% b 4.50 Equip trust 4 34s Newport & Cincinnati Bridge— 10834 1st M g 4%s 1945 guar J&J 50 Newport & Richfor Is 5s 1941 New YorklCentral RR— 6736 Cons mtge 4s 1998 ser A-.F&A Ref & impt 434s 2013 A...A&O 58% 91 102 Prior lien 434s 1978 ser D.J&J Adj M 5s Jan 1967 ser A..A&O 58 Lehigh Valley Ry of New "1 1st 434s gold 1940 434 s assented 1940 Lehigh Vail Term 5s 1941--/ 98 55" 40 Missouri-Kansas-Texas RR— Prior lien 5s 1962 ser A J&J Prior lien 4s 1962 ser B J&J 92 J&D M&N 5s assented 2003 96 35 f 9 ::: 63 Certificates of deposit / 1st M 5348 1954 series A—A&O / Certificates of deposit 1st 5s 1956 series O F&A / 1st M 434s 1956 series D—F&A 61 / 25 23 J&J 50-year 1st 5s 1983 Income deb 5s 2032 J&J / New Orl & Nor East 6s 1915 Extended at 5% 1940 M&N Ref & impt 434s 52 ser A.-J&J 1st 5s 1954 series B 134 / / n: 96 Non-cum inc 5s *35 69 63 2 Minn Terminal 1st 3 34s '50--J&J Minn Transfer Ry 334s 1956-J&O 60" J&D gol< 4%s 2003—M&N 4 34 s assented 2003 Gen con gold 5s 2003 M&N 66 Minn St P & Sault Ste Marie— J&J J&J J&J 2d M gold 48 guar 1949—J&J 1st ref 6s 1946 series A J&J 1st ref 534s 1978 ser B—-J&J 25-year 534s 1949M&S ff New Orl Term 1st 4s 1953--J&J New Orleans Texas & Mexico— lH Missouri Illinois Bridge and Belt RR cons 4s 1951 J&J Mo-Illinois RR 1st 5s 1959..J&J / Mo Kans & Okla 5s 1942 M&S 71" con 94% 40 1st cons gold 4s 1938 off--1951 receipt No 4 on 1951 Naugatuck 1st 4s 1954 M&N New Eng cons 4s 1945 gu J&J Consol g 5s July 1 1945 J&J New Haven & Northampton— Ref cons 4s 1956 J&D / N J June 1st 4s gu 1986 F&A Deb Minneapolis & St Louis— 1st 7s '27 ext at 6% 1932--J&D 58 ctfs of deposit 1934 M&N 1st refdg gold 4s 1949 M&S Ref & ext 5s Feb *62 ser A.Q-F Certificates of deposit 1st cons gold 58 1938 1st cons 5s 1938 gu int 69 4s assented 2003 Gen % 80 63 15% 26% 79" Minneapolis Northfield& Southern Ry 1st 6s '41--M&S 103 irred—( % 70% 90% to 1947M&S coupon Assent cash warrant and scrip New Lon Nor 1st 4s 1940 J&J New Orleans Great Northern— 80 _ 106" April 1914 1 '26 / on) N J & N Y 1st ext 5s 1950—M&8 f General 5s Jan 1 1938 / J&D Mil Sparta & NW 1st 4s M11&State Line 1st 334s Lake Shore & Mich South— Con M 4%s ann irred Gen cons gold 4s 2003 28 26 at 434% 62 1st mtge 5s ext at 3 % to *47 J&J ann 34" 110 1939--I 6s 1913 ext 1934 (1884) Cons coupon ... 20 40 50 J&J 1st mtge 4%s ungar 1961 Lake Erie & Western RR— Con M 6s 3.50% 3.50% 87" M&N & Western 1939._\w Con ext 4348 72 68 69% Acer int at exch rate 4.8665— Cong 4.50 4s(Apr 1914 con 1951-.-. m Joplln Union Depot Co— 1961 1st 101% 4s Asst(cash warr & coup) .1977 Michigan Central— Ref & impt 4 34s 1979 ser C_ J&J 1st gold 334s 1952 M&N Grand River Valley— 1st 4s 1959 M&S Jackson Lansing & Saginaw 1st 3>4s Sept 1 1951—M&S Joliet & Northern Indiana— 1st 4s 1957 —J&J Kalamazoo & South Haven— 1st 5s 1939 M&N Michigan Air Line— 1st 4s 1940 J&J Middlesex Val 1st 5s 1942--M&N Midi RR 4% franc bonds (Foreign series) 1960 J&D Midland of N J— ext at 5% to 1940 A&O Midland Valley 5s 1943 A&O Adj M Apr 1 '53 ser A Sept Adj 5s series B 1953 Sept / Milwaukee & Northern— Prior lien 434s assent cash warr't & scrip irct No 4 on 70 39-M&N 1st g gu 5s Nov 1 1959—M&N Meridian Term 4s *55 guar_M&N 99% — Plain 7136 65 Mexican International— 1951 A&O / 234 Jackson Lansing & Saginaw— See Michigan Central Jacksonville Terminal— 1st 5s July 1 1939. 100% Ref & ext 5s series A 1967--J& J 105 96 Ref & ext 5s series B 1967--J&J 100 6a July 1 1967 Jamestown Frank & Clearfield 52 1st g 4s 1959 guar J&D Joliet & Nor Ind See Mich Cent 5s National 41 ser.-J&J 1st gtd 334s 1941--------J&J f Maryland & Pa 1st g 4s 51.M&S 1st cons A 6s 1963 ....A&O M'shfield & S'east—See Wis Cent Memphis Union Station Co— 107 1957- off 1977-- scrip receipt No 5 on 1977RR of Mexico— 56 70 J&D 1960-J&D coll 4s ser A 45 Manitowoc Green Bay Gulf Ry 1st 5s 1st M 90 coupon Assent cash warrant and Equipment trust 5s Equipment trust 5%s-------- 20 Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 Kansas Oklahoma & Gulf— 54 April 1914 _ . Manila RR Sou Lines 4s 1st 4s extend 1959— 6934 11 J&J J&J 1st mtge & 102 63 — 1965 5s 1947 34 Gtd gen s f 4s (Apr *14 coup on) 72 102 Conv gen 434s ser A Secured 6s 1959 1st 96 J&J scrip receipt No 4 on 71 J&J J&D Dublin & Savannah— Maine Central— 1957 Assent cash warrant and 108 Ry joint Monon coll Macon Terminal 5s 6034 5534 J&J J&J 80% 1945--M&S gold 4s. 1952 Jacksonville & Gainesville & 1st g 4%s 1940 guar 1st 5s June 1 1944 July 1914 coupon on 1957 July 1914 coupon off 1957— 85 Indiana Harbor Belt RR— Indianapolis & Louisville— 1st guar 4s 1956 ...J&J Indianapolis Union— Ref & imp M 3 %b ser B '86 M&S Internat-Great North Ry— 1st M g 6s 1952 series A J&J AdJ M Cs July 1952 ser A.April 1st M 5s 1956 series B J&J 1st M 5s 1956 ser O J&J Eq tr 4%s 1939-42 (yr)..A&0 Internat Rys (Central America)— Purch money 5s 1972——J&J 1st M 5s 1972 opt M&N 1st 1 & ref6Hs 1947 F&A Debenture 4s 1961 J&D. Iowa Central 5s ctfs 1938--J&D 1st & ref g 4s 1951 M&S Jan 1914 coupon on 86 65" 4%s series C, 1963 J&D Indiana Bloomington & Western— 1st ext 4s 1940 —-A&O Indiana Illinois & Iowa— 1st gold 4s 1950 98 Mob & Mont 434s 75 b 10534 National Rys of Mexico— Prior lien 4 34s— South East & St Louis Div— 2d mtge 3s 1980 M&S 76" 58 10436 1955--M&N '46-F&A Bid Bonds Ask d Pad & Mem Div 1st 4s 70 45% 111 Cent RR Co & Chic St L & N O RR jt 5s, A, 1963—.J&D Genl mtge 4s 1957 Gen mtge 4 %s 1957— Nashville—(Conclude Ati K & Cin Div 4s 90 J&J J&J Omaha Div 1st 3s g 1951--F&A St Louis Div g 3s 1951 J&J Gold 3%s 1951---J&J Sp'field Div ext 3%s 1951 J&J Western lines g 4s 1951.-F&A Litch Div 1st g 3s 1951 Louisv Div 3%s g 1953 Bid Bonds Ask defaulted bond* the date of issue 118 112 70 RAILROAD NOTICE—All bond prices t are "and interest" Quotations for all securities are as near Bid Bonds Northern Central— Gen & ref 6s 1974 ser A—M&S Gen & ref g 43*s ser A '74.M&S Northern Ohio Ry 1st guar 6s— Apr 1 1935 & sub coups 1945Oct 1938 and subs coupons— Ctfs of dep stmpd as to sale of April 1933 to Oct 1934.1945. Stampod as to sale of Apr 1 '33 to Apr 1 1938 coupons Northern Pacific— Prlorlien g 4s Jan 1997 Q&J Gen lien g 3s Jan 2047— Ref & imp 434s 2047 ser A. J&J Ref & Imp 6s 2047 ser B—J&J Ref & imp 5s 2047 ser O—J&J Ref & imp 5s 2047 ser D—-J&J Eq tr 4 J^s 1939-'40 (yr)M&S15 Eq tr 22*s 1939-1947 M&S Eq tr 23*s 1939-1946 J&J Nor RR of N J gen 4 2*s 2000-J&J North Pennsylvania RR— Gen g 3 3-lOs 1953 J&D Northwestern Terminal Co— f f 38 65 f 38 65 822* 5134 5434 8334 5334 Northwestern Terminal RR— 1st M 5s 1977— An .-Apr Norwich & Worcester 4 34« 47M&S Ogdensburg & Lake Champlian— 1st guar g 48 1948 J&J 4s --J&J stamped 1948 Ohio Connecting 4s 1943 M&S Ohio & Little Kanawha 5s '6CM&8 RR 4s 1938—J&J 1st M5Hs 1944 F&A 1st M 5s 1945 series B J&D 1st M 434s 1950 series 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-Wash RR & Nay— 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 Cardelet Br 1st 434s 1938. A&O St Louis City real est 5s '38 J&J Paducah & 111 1st 43*s 1955-J& J Paris-Orleans extl 5 Kb 1968 M&S 6% franc bonds (foreign series) Old Colony red to —J&D/ 1956 67 ~ 66 2.75 2.75 Gu tr ctfs g 4s 1952—..M&N Gu tr ctfs g 334s 1941 F&A Gu tr ctfs g 334s 1942 J&D 80 27 86" 28 108 30 434 434 434 434 10734 11334 1153* 1033* "6" 6 I94 100 23 10034 26 15 6134 71 67 9834 J&J f J&O 32*s 1966 mtge 1st 97 104 9224 9224 8324 81 4.75 1.50 series F 2.75 2.60 5434 534 47 ser A J&D Gen M 5s 1975 ser B _A&0 Gen M 434s 1977 ser C...J&J Pitts Shawmut & Northern— 6% receivers' ctfs 1927 F&A Pgh & Shawmut 5s 1959 J&D Pitts Shenango & Lake Erie— 1st gold 5s 1940 A&O Cons 1st g 5s July 1 1943 J&J J&D A&O __A&0 Eqtr 334s Apr 1 1939-1946 Eq tr 234s 1938-1946 J&D Stephenville Nor & Sou Texas— 1st M guar g 5s 1940 J&J / Sturgis Goshen & St Louis Ry—1st 3s Dec 1 1989 J&D Suffolk & Oar con 5s 1952...J&J Sullivan Co RR 6s 1944 25 534 52 65 662* 64 63 3.25 2.50% 2.50% 3.25 82 95" Term RR Assn (St Louis)— 1st gold 434s 1939 A&O 1st consol gold 5s 1944 F&A Gen ref s f g 4s '53 opt *10.J&J Terre Haute & Peor 5s 1942.M&S Texarkana & Ft Smith— 1st M 534s 1950 guar F&A Texas City Term 6s 1941.J&J '26 Texas & New Orl 5s 1943 Texas & Pacific Ry— 1st gold 5s 2000 Gen & ref 5s 1980 IP 133* it* 13 133* 98 61 6334 362* 2334 Southwestern— J&J 4s 1968 —J&D Mortgage 4s Dec 1 1996—J&D St Paul East Gr Tr 434s '47—J&J 353* 233* 142* 5.00 5.00 10834 5.00 15 4.25% 4.25% 4.25% 1073* 1082* 80 63* 14 104 110 103 10434 1st g San Fran Term 1st 4s 1950--A&O 834 100 1152* 20" San Fran & San J&J Joaquin Val— 5s Oct 1 1940 A&O 84 M&S Schuylkill & Leh 1st 4s '48.M&N 613* 106 843* 65 107 842* Santa Fe Prescott & Phoenix— 89 1st g 5s 1942 13 133* Scioto Val & N E 1st 4s 1989M&N 91 92 Seaboard Air Line Ry Co— 1st gold 4s 1950 106 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 F&A 5% secured notes 1931 Receiver ctfs 2-3 34s '45—F&A Atlanta-Birmingham Div— 1st g 4s May 1 1933 M&S / 105 108 110 il* m 62* 103* 92* IVA 2h 33* 73* 10 60 17 192* 102 103 68 ser B ctfs of deposit-. Seaboard & Roanoke 5s 1931.J&J 43 10124 9234 103 Seacoast RR 65 4 10 9234 6 20 115 115 50 prior lien 5s '48. A&O Shamokin Sunbury & Lewisb'g— 2d ext'd 5s 1945. J&J Shrev Bdg & Ter 5s '55 gu—F&A Sioux City & Pac 3 34s 1936. _F&A Somerset Ry 1st & ref 4s '55—J&J 1st M 4s July 2 1950 —J&J South Bound RR 1st 5s 1941 A&O 60 10734 fiVi 42 5.50 5.50 51 Gencon8gug5s 1963 A&O Southern 111 & Mo Bridge Co— 1st Mg 4s 1951 ...M&N South Indiana 1st g 4s 1951--F&A tl» 4.75% 4.75% k Last sale. n„Nominal. 10 1022* 1133* 1043* 1023* 80 73 1152* 833* 843* 832* 1.50 2.00 2.75 2.75 434 JX 42* 6 48 75 14 17" 32 40 16" 1U34 42 M&N J&D 2.75 M&N 3.25 ser Tex Pac-Mo Pac Term RR— 1st M g 534s 1964 M&S Toledo Canada Southern & Det— 1st 4s 1956 J&J Toledo & Ohio Central— Ref & Imp M 3 2*s ser A *60 J&D St Mary's Div 1st 4s 1951F&A Toledo Peoria & Western RR— 1st mtge 4s ser B 1967 J&J Toledo St Louis & Western— 1st gold 4s April 1 1950... A&O Tol Term 1st 434s '57 gu...M&N Tol 72 44 97 80 87 65 88 543* 10434 Walhouding Valley & Ohio— 1st g gu 4s 1942 ser O M&S Toronto Hamilton & Buffalo— J&D A. F&A Transylvania RR 1st 5s 1956.J&J Tulsa Un Dep 1st 4Ks *59._J&J Onion Depot (Columbus, Ohio) Gen 434s 1946 J&J Onion Pacific— 1st ry & land gr 4s g 1947--J&J 1st & ref 4s June 2008 M&S 1st & ref 5s June 2 2008--M&S 35-year 334s debs 1971—M&N 34-year 3 34s debs 1970 A&O Eq tr 22*s ser E 1939-52.-J&J Eq 434s Sept 15 1939—M&S15 Onion RR (Penn) 1st 5s '46-M&S Deb 6s 1946 —M&S Onion Terminal Co (Dallas)— 1st mtge 3 2*8 1967 F&A United N J RR & Canal Co— 434s Sept 1 1979 M&S Genera] gold 4s 1944 M&S 1st 4s Sept 1 1948———M&S 1st 434s Feb 1 1973 F&A Gen 1st g 334s 1951 M&S Utica Clin & Bing 5s 1939—J&J 104 962* 72 38 102 100 1112* 1062* 114 942* 952* 2.50 1.25 109 112 95 116 1082* 109 116 105 85 Vandalia RR— Cons g 4s 1955 series A F&A Series B 1957— Vera Cruz & Pacific RR— 1st gtg g 434s 1934 M&N M&S / Debenture s f 7s 1948—-M&S / Vicksburg Shreveport & Pacific— Pr lien6s '15 ext 5% '40--M&N Gen 5s May 1 1941 M&N ref & impt 5s 1973 ..M&N s f 6s 1958 106 1053* 3* 3* J&J / J&J / July 1914 coupon off 1st guar 4 34s assented— Cash war & scrip ret No. 5 on Vermont Vail 1st 4 34s 1940--A&O Vicksburg Bridge Co—1st s f4-6s 1968— M&S Vicksburg Bridge & Term Co— 34 62 6834 78 21 90 80 75 J&J 65 1st cons g 5s 1958 A&O 60 Virginian Ry— 1st lien & ref 3 2*s A 1966.M&S 1052* Eq tr 4 34s 1939-1940 (yr) — J& J b 1.75 Va & Southwest 5s 2003 35 68 B1939-43 Ol939-44 34s 1st M 902* 12 ser 2.75 2 2*s ser D1939-52 m 8 102* 72* 6134 Seab-All Florida Ry— 6s ser A ctfs of deposit 111 J&D 1st 70 116 113"" 112 D ser 1st gold 4s June 1 1946 Consol M 4 34s 1966 ser San Antonio & Aransas Pass— 108 108 34 28 M&N 4 87 City Short Line 1st guar 434s 1941 F&A / 73* St Paul Minn & Manitoba— Pacific ext 1st 4s £ 1940—J&J 98 St Paul Union Depot— 1st & ref 5s 1972 J&J 115 Salt Lake City Union Depot and RR 1st 6s 1938--— M&N 96 Salt Lake & Ogden 5s 1934 15 / 115 89 43*s ser HH 1939-40 M&S 434s ser JJ 1939-42....A&O 434s ser A1939-43 F&A 96 1st guar g 4s 1943 9534 J&J J&D 2d 5s Dec 1 2000 Ann Mar Gen & ref 5s 1977 ser B A&O Gen & ref 5s 1979 ser O A&O 17 St Paul & Duluth— 100 1434 65 4 132* 95 Eqtr 534s 1939 (s-a) M&S Equipment trust 5s Equip tr 434s 1939-1945-J&J 2m 1034 40 4s 1st g 4s 1989 M&N / 2d g Inc 4s Nov 1989 J&J 1st term & unlf 5s 1952—J&J 2^25% 18 40 g 5s series GG 1939. 92 A 1990 132* 1033* 5s'53_A&0 64 Eq 434s 1939-'41 BB (yr)_F&A Equipment trust 4s 1939-1943— ser 101 Equipment trusts— 132* Gen & ref 5s 65 70 1st 5s '36 opt-J&J Tampa Union Sta 5a 1940.-M&N Tampa Un Term 4-6 34s '53— J&J Tavares & Gulf 5s A 1935—-M&S 642* Cons In 4 34s 1978 ser A—M&S Certificates of deposit stpd„ St Louis A&O Berwick RR 5s 1952.. —.A&O 8834 A&O Certificates of deposit-.. Prior lien 5s 1950 series B.J&J Certificates of deposit /This price includes accrued interest, J&J Spokane Falls & Nor 6s 1939.J&J Spok Internat 1st g 5s 1955.J&J Stark Elec RR 1st 7s 1952...J&D Staten Isld Ry 434s 1943 J&D _ South & North Alabama— 1st g guar s f 5s 1942 J&J Pitts Va & Char gu 4s 1943-M&N 65 10634 J&J 1534 Pittsb Term RR & Coal— b Basis. 20 ff 10334 Gen M 5s 1970 40 Island— f 103 103 F&A M&N Pitts & West Va Ry— 1st M 434s 1958 ser A 1st M 434s 1959 ser B 1st M 434s 1960 ser C 81 Cham 5s 1944.M&S J&J 612* J&D M&N F&A 53* St Paul & Kansas F&A 434s series I 1963 434S series J 1964 13 42* 42* St L Peo & N W 5s 1948 105 4s series H 1960 193* 8 St Louis-San Francisco Ry— Prior lien 4s 1950 series A. J&J 10634 4s series G 1957 55 5 108 10334 M&N - 2 4 11034 8624 8734 823* 4.40% 1-00% 2.00 J& J Tampa & Gulf Coast 4 1st consol g M&N 1953 1124 622* 11034 1163* 9734 10424 823* 593* 722* J&J St Louis Div 1st g 4s 1951-J&J Spartanburg Union & Columbia— St Lawr & Adirond 5s 1996--J&J 1.50 10434 334s series E 1949 4s Aiken Branch 4s 1998 1st Mem Div g 5s 1996 "2" Tampa North 65 J&J J&J J&J J& J&J - J&J 4s series D 1945 / con 434s 1941 434s stamped 1941 Mad & St Louis Belt— Alton Bridge 1st g 4s '51--J&J 2d gold 6s 1996 J&J Develop & gen M g 4s '56-A&O Develop & gen 6s 1956 A&O Develop & gen 634s 1956—A&O Eq tr 5s 1939 (s-a) M&S Eq tr 434s Oct. 1939 (s-a).A&0 1062* St Clair St Joseph & Grand 1st gold 4s 1947 Stamped (Fed tax) 1955.J&J a St Louis City see Pac of Mo 1940-A&O _A&0 434s series B 1942 434s series C 1942 M 434s 1957 Rutl Can 1st g gu 4s 1949 48 stamped 1949 Pitts Cin Chic & St Louis— Con g gu 434s ser A 1 J&J 1st guar 434s 1934 ....M&S Rock Island-Frisco Term Ry— Pitts Bessemer & Lake Erie— Cons gold 5s 1947 1 St Louis Iron Mt & Sou—' Riv & Gulf Divs 4s 1933-M&N / Certificates of deposit Piedmont & Northern— 1st 10534 - St Johns & L 16634 Phlla & Reading RR—See "Readi ngCo." Philippine Ry 1st 4s 1937 1043* 55 Susquehanna Bloomsburg & Rio 102 94 108 Gen M 4 34s 1977 ser O— J&J Gen 4V4s series D 1981 .J&D Phila & Chester Val 4s 1948. A&O Phila Newton & N Y 3s 1942 A&O 10234 10324 Richmond Term 1st 5s 1952.J&J Richmond-Washington Co Coll tr g gu 4s 1943 opt...J&D Rutland 983* 9834 9934 100J4 ..M&N A&O F&A 4334 4134 193* 92 Gen 58 1974 series B Mecklenburg— Rio Gr West 1st 4s 1939— Phlla & Bait Cent 4s 1951—M&N Phila Bait & Washington— 1st gold 4s 1943 Gen 4s April 1 1960 95 103 1st coll tr 4s 1949 opt A&O Rock Island Ark & Louisiana— 10924 11534 cons 4s 1940--A&O 2d consinc 4s 1990 Apr 1 Peoria & Pekln Union Ry— 1st g 534s 1974 series A F&A Peoria Ry Ter 4s 1937 gu op.J&J Pere Marquette Ry— 1st g 5s July 1956 ser A—J&J 1st g 4s July 1956 ser B—J&J 1st 434s 1980 ser O M&S Equipment trust 434s Equip trust 23*s 1939-46. .J&J Perkiomen RR ext 334s 1951.J&J 99 90 1.50 703* 1st 4s 1995 60 .M&N F&A •Peor & East 103 M 60 93 1013* 1072* 1092* A&O 30-yr secured 4s 1939-1964-J&J Gen equip 5s 1939 (yr)—A&O Eq tr 434s 1939 (yr) A&O Eq tr 4s series E 1939-1949-J&J Eq tr 22*s ser H *39-'52__M&N 103 g 2.50 2.25 Southern Railway— 1st consol g 5s 1994 5534 7134 692* 2.00% 1.25% 1013* M&N 6% 1.50 2.25 5aJ939-1941 D (yr) .A&O a Southern Pacific (Golden Gate Ferries) 1st 53*s 1949 A&O Southern Pacific RR Co.— 1134 100 1003* 1022* bdG May 1 1941 M&N Rich Fredericksbg & Potomac— Cons mtge 4 34s 1940 A&O 1st 5s 1941 Rensselaer & Saratoga— 543* 543* 6134 1st ref g 4s 1955 opt 1910.-J&J 39 712* _ Conv deb 33*s 1952 2.00 Gr June 1st gu 5s 1939—J&D Rio Gr So 1st g 4s 1940 J&J 1st g 4s guar 1940 J&J 65 63 Pennsylvania RR— Con M 4s gold 1943 M&N Con M 4s gold 1948 M&N Con M 4s gold 1948 sterling Gen M 4>*s ser E 1984—J&J Deb 434s 1970 A&O Gen M 3 2*s ser O 1970—A&O 2.75 Eq 434s 1939-'45 (s-a)—.M&N Equipment trust 5s Philadelphia & Reading RR— Imp M ext g 4s 1947---A&O Extended 43*s Oct 1 1943—Term 5s g gu May 1 '41 Q&F Delaware River Terminal— Richmond & 94 g 434s 1965 J&D Gen g 5s Dec 1 1968 J&D Gen M 42*s 1981 ser D—.A&O 5434 7034 6834 1st g 4s Nov 1 1948 M&N Richmond & Petersburg— Cons 434s 1940 A&O 92 Gen 934 opt'06--A&O 6 11434 1163* 42* 80 53 95 6 109 67 , / Reading Belt 1st 4s 1950—-M&S Reading Company— 88 Cons mtge 4s 1939 A&O Penn Ohio & Detroit RR—1st & ref 434s 1977 ser A—A&O 1st & ref 4 3*s series B 1981 dollar 75 53 29 43* 424 105 10434 334 403* Gaston 1st 5s g 1947--J&J Raleigh & S'port Ry 5s *65--J&D 29 73 71 69 stamped J&J 85 Ral & 84 27 99 Con M 434s gold 1960 1931 98 552* 582* 54 __ Gen & ref 434s 1997 ser A__ J&J Gen & ref 434s 1997 ser B.J&J Gu tr ctfs g 3 34s 1944 J&D Pa & N Y Canal con 5s 1939 A&O Cons mtge 434s 1939 A&O „ 5s 8534 82 A&O Raleigh & Augusta Air Line— 1st 97 8434 97 1 Prov & Wore 1st 4s 1947 68 593* 593* 1.25% 2.25% 2.25% Coll tr 4s (CP) Aug 1 '49._ J&D 1st 434s (Ore Lines) 1977-M&S 40-year 43*s 1968 M&S 50-year 434s 1981 M&N 434s 1969 with warr M&N 10-yr secured 32*s 1946-. .J&J Equip 5s 1939 (yr) M&N Eq tr 434s 193 "9-1940 fyr)_J&D s 1939-1941 Eqtr 434s 193 (yr)_J&D Pacific Fruit Express— Eq 5s 1939 O (yr) M&S _ 95 Prov Sec deb 4s 1957 gu M&N / Prov Ter 1st g 4s gu 1956--.M&S / Jer Cent 4s 1951 '42serAM&S15 Pennsylvania Company— 28-year secured 4s 1963—-F&A 103 Guar 5s 1961 J&J Portland & Rumford Falls— 5s 1951 M&N Potomac Val 1st gu 5s g 1941 J&J 10 Paterson Extension 5s 1950.J&D Paulista Ry 1st 7s 106 99 - 57 Biu Bonds 1013* 1st M 5s 1962 serioaB 1st gen 5s 1974 series O 45 Ask Southern Pacific Co— J&D —F&A J&D 1st 434s series D 1977 J&D Port Reading lstgu 5s 1941—J&J Portl (Me) Term gu 4s 1961.J&J 107 422* 42 Bid Bonds Pitts Young & Ashtabula— 1st gen 4s series A 1948 f 1948.F&A / 1st income 5s June 1 Ask 115 106 as BONDS where market' ,ttm and Income and defaulted bonds possible for the closing day of the month preceding the date of Issue except . RAILROAD JAN., 1939] Bid Bonds and Stocks 47 X M&N f 1st gold 5s 1939 27 2d gold 6s 1939. F&A f Deb mtge 6s series B 1939. J&J f 1st lien term gold 4s 1954.J&J f Certificates of deposit— Warren 1st ref g 3 Ms 2000—F&A Washington Central Ry 1st 4s Mar 1 1948 Q-Mar 48 X 27 X 21 25 31M 90 89 88 49 M 20 22M 3k N Y Chic & St Louis com N Y & Harlem "X 6% preferred series A com (gu) 10% non-cum pref (gu) 100 3K IX 12 Chic Milw St P & Pacific- 12M 35" 50 70 35 102 106 ** 39 55 M 50 81 2~50 Western Ry of Ala 4 M8 *58--A&O 23 M 23 103 M 108 HOM 4 20 1st 5s extended 1948 J&J Wichita Union Terminal Ry— 1st ggu 4 Ms 1941 opt M&N Wilkes-13arre & Eastern— 30 7M 70 F&A Wilmington & Nor 4 Ms '77 J&D Gen 6s Aug 1 1982 F&A Wilmington Ry Bdge 5s '43.A&0 1st gold 4s 1947 76 92 98 109 M J&J 112 Winston-Salem Term 5s '66.A&0 Wisconsin Central Ry— 1st gen g 48 1949 J&J / Certificates of deposit-. 1st & ref 4s 1959 A&O 11 w* \ i 3M 6X 6* Sup & Dul Div 4s 1936—M&N f Certificates of deposit Marshfield & S'eastern div 4s JP < 30 f4' 35 15 at bflrtt & msM &61M 75 * * 67 Albany & Susquehanna (gu)—100 * 119 Albany & Vermont (guar) 100 * 35 Alleghany Corp common * 5M% pref (with $30 warr)-100 &14M 5M% pref (with $40 warr)_100 A12M 5M% pref (without warr)—100 t* 12H 2 M % prior conv pref * m 18M Allegheny & West (6% guar) .100 * 49 Atchison & Eastern Bridge—100 * ^9 Atchison Topeka & Santa Fe_100 ¥? 41 * 68 5% non-cum pref— 100 65 Atlanta Birm & Coast pf (gu)-100 120 Atlan & Char Air L (guar) 100 Atlanta & West Point 100 117 , Atlantic Coast L Co of Conn.-50 100 Augusta & Savannah (guar)-.100 Avon Gen & Mt Morris (gu)-100 7% gu 50 Baltimore & Ohio common—100 4% non-cum pref 100 Bangor & Aroostook com _50 5% conv preferred 100 Beech Creek (guar N Y C)—50 Belgian Nat Rys Co— American shares partic pref— Boston & Alb (guar N Y G)—100 Bait & Cumberland 63 M 80 30 29X 32 5 57 124"" 40 1M Common 24k 40M 1M 42 M ll54 IX 4154 69 M 70 125 23 31 Wa 37 10 62 8 7M 9k 9M w* 90 85 27 30 42 M . IX ~ ~ «• 35 — — — 45 30 37 42" 60 65 IX 4k 2M IX 4X 47 43 67 85"" 55 55" 50 1 10 2 4 IX 4 13 X 14M 48 •. , M — — • 22 M 2 20 M A 35 35M | 44 * , Lexington Union Station— Preferred (guar) '—.100 Little Miami original guar 50 Spec gu*r betterment stk.. Lit. Schuyl Nav RR & Ooal(gu) 4 42 100 60 ii"" 22 k 44 5M 10 *65 100 Preferred (guar) Louis & Mo Riv pref (guar) Louisville & Nashville 1X IX IX IX lVs 2M Lykens Valley RR & Coal (gu)_20 100 100 6M 6X 2M 2V8 Mahoning Coal RR Pref (guar N Y Central) Maine Central 2 2M 2M 2k 3M 2M 1X 18* --" 9 70 65 100 represent Massawippi Valley (guar) Michigan Central (guar) Midland Valley common 390 420 50 46 50 Minneapolis St P & S S M 7 % non-cum preferred 4% leased line ctfs Mo-Kan-Texas RR 100 100 625 com com $100 face amount, 6 50 100 70~~ 60 800 2* 31 27 M X X M 1M 2M 9M 100 100 100 7% preferred series A per 5M 16 Preferred 50 Mill Creek & Minehill Nav (gu)25 Mine Hill & Schuyl Hav(gu)._50 dollars 57 M 15 75 58 X 16 X 50 100 Mississippi Central 22 100 —100 100 5% preferred *4% 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref 50 4% non-cum 2d pref 50 Rensselaer & Saratoga (guar). 100 Rich Fred & Potom-—com 100 Dividend obligations.. 100 6% guaranteed. 100 7% guaranteed 100 Roch & Genesee Val RR (gu)-100 Rome & Clinton (guar) 100 Rutland 7% preferred 100 Rutland & Whitehall (guar) 100 St Joseph South Bend & Sou— Common (guar) 100 Preferred (guar) St Louis Bridge 1st pref (gu) 2d preferred (guar). St Louis-San Francisco Ry. non-cum preferred St Louis Southwestern * 100 100 2* 100 44 b Basis. 80 91 166 60 15** 41 15 53 M 11 18 25 66 60 62 150 185 15 37 13 100 36 100 125 100 62 100 100 .100 100 5% non-cum preferred Saratoga & Schenectady (gu)_100 Schuylkill Valley Nav & RR(gu)50 X lH 2X 3 k 87 31 M * 4-2% non-cum preferred 100 Shamokin Vail & Pottsv (gu)_.50 Sharon (guar Erie) 50 2X 60 15 100 21 100 22 X 32 k 5% non-cum preferred 100 Mob & Ohio stk tr ctfs (gu) _100 Southwestern of Ga (guar) 100 Stony Brook (guar) 100 Sussex (guar DL&W) 50 Syracuse Bing & N Y (gu)__.100 Tennessee Central......... * Preferred 100 Texas & Pacific Ry 100 Troy & Bennington (guar) 100 Troy & Gr'bush (gu N Y C)__ 50 Tunnel RR of St Louis (guar)-100 100 38M 39 60 8 145 rlH 35 125 97X 100 83 232 50 4% 33" Louisville Henderson & St Louis— 2M 41 United N J RR & Canal (gu)-100 43 30 84- 100 100 100 100 100 100 Union Pacific—Common 97 50 50 75 2X Ogdensburg (guar) 100 Prov & Worcester (guar)... Southern Pacific Co Southern Ry common 45 * Preferred — 20M com 50 50 34 X 138 Seaboard Air Line common .... 14 260 148 6% 5X 5 22 A -* J 3M 100 & 39 100 i 80 55 Kal Allegan & Gr Rap (gu)--100 K O St L & Ohic—Pref (gu)—100 150 * 10 Kansas City Southern x -.100 4% non-cum preferred 100 ■M22X 41 Lackawanna RR of N J (gu)—100 Lake Superior & Ishpeming 100 L150 Lehigh Valley 30 55 100 Internat Rys (Cent Am) 5% preferred Joliet & Chicago (guar). 3" 1 6 100 38 119 Railroad Securities Co— 60 . ..._• 3 X 15M Pgh Bess & Lake Erie (guar)___50 Preferred (guar) 50 Pitts Cin Chic & St Louis (gu) _100 Pitts Ft W & Chic com (gu) 100 7% pref (guar Pa RR) 100 Pittsburgh & Lake Erie 60 Pittsburgh & West Virginia.—100 Portland & 37" 32"" 29 k 40 Non-cum 6% pref series A-.100 Leased lines (guar) 100 Stk tr ctfs—See RR Securs Co 94 Marquette Ry com 100 5% preferred 100 5% prior preferred 100 Peterborough (guar) 100 Phila Germ & Norris (guar).. 50 Phila & Trenton (gu Pa RR)_100 Piedmont & Northern 2 Pitts Youngstown & Ashtabula— Preferred (guar) 100 Pittsfield & No Adams (guar). 100 7X * 82 1 Quotations 24 % * 4% non-cum pref (guar)—100 value. 140 100 Greene (guar D L & W) 100 Gulf Mobile & Northern com.lOO 6% preferred 100 5% conv preferred Mobile & Birmingham— par 80 60 Missouri Pacific •No 35 150 72 H pref pref pref pref pref Ex-dividend. 6M 100 52 29M 100 5% class A 100 8% class B 100 7% class O 100 10% class D 100 4M% class E 100 6% non-cum pref stamped.-100 Boston & Providence (guar)—100 Boston RR Holding pref—.100 x 3M 6M 30 28 Pere 35 M 39 20 24 71 Georgia RR & Bank Co (gu)-lOO Georgia Sou & Fla common 100 1st preferred 100 2d preferred 100 Goshen & Deckertown (guar)-. 10 , 50 Pennroad Corp v t c 1 Peoria & Bureau Val (guar)__100 Peoria & Eastern 100 7M H 76 4% non-cum 1st preferred--100 4% non-cum 2d preferred--100 Erie & Kalamazoo (guar) 50 Erie & Pitts (guar Pa RR)— 50 European & North Am (guar) 100 100 Unstamped— 1st pref 5% class A 1st pref 8% class B 1st pref 7% class C 1st pref 10% class D 1st pref 4M% class E 6% non-cum preferred 7% prior preferred Stamped— 9X 30 50 50 68 30 100 Pemigewasset Valley (guar) Pennsylvania RR 35" 100 55 30 7 67 100 50 50 40 73 tr* Paterson & Hudson River (gu)_50 Paterson & Ramapo (guar) 50 30 100 See utility stocks Illinois Central 108 50 77 44 gM %x 100 Hartford & Conn Western Hudson & Manhattan (guar) 68 70M 42 Detroit Manufacturers (guar) 100 Dover & Rockaway (guar) 100 Duluth South Shore & Atl— Great Northern Ry— Iron Ore Prop trust ctfs Preferred (capital stock.. Green Bay & Western 145 pref 100 33 137 -100 Fort St Union Depot (guar)..100 Ft Wayne & Jack pref (guar)_100 189 non-cum Ontario & Quebec (guar) 100 Oswego & Syrac (gu D L & W) 50 Passaic & Delaware (guar) 50 Passaic & Del Exten (guar)._ 100 30 130 64 25 pref-100 Genesee & Wyoming 9h 5 Yonkers Ry see *'P U" bonds— Yosemite Vails f g 5s 1936-.J&J 1st 1st 1st 1st 1st 5M 100 100 100 No Carolina (guar Sou RR).. 100 North Pennsylvania 108 70 105 50 Erie—common Winston-Salem Southbound— 100 Norwich & Worcester pf (gu)_100 Ogden Mine RR (gu Cn N J).100 Old Colony (gu N1NH&H) 100 com (guar) 50 (guar) 50 Delaware & Bound Br (guar)-100 Delaware & Hudson Co 100 6% non-cum preferred East Mahanoy (guar) East Pennsylvania (guar)*. Elmira & W'msport (guar) Preferred (guar) 90 N Y Ontario & Western Norfolk Southern Norfolk & Western Ry 112 Mich preferred % 3X X X 100 265 3 non-cum preferred 109M Consol Rys of Cuba 6% pref-100 Cuba RR 6% non-cum pref—100 5% 55 X 100 90 100 Southwestern (guar) Detroit & Mackinac Ry conv 110 100 Northern Cent (guar Pa RR)- 50 Northern Pacific Ry 100 Northern RR of N H (guar)_.100 Northern RR of N J (guar) 100 4% 1st non-cum preferred--100 4% 2d non-cum preferred.-100 14 12 Wilmington & Newborn— Boston & Maine common 1'X Detroit Hillsdale and 7 50 West (&uar) 36 110 245 100 Delaware Lack & Western— 7% 1 3M 21X 22 M 50 85 —100 Texas Pacific—100 (guar) Delaware (guar Penn) Denv & Rio Gr West 6% 105 1st guar g 5s 1942 J&D / Willamette Val Southern Ry— 6s 1939 F&A / com 100 Preferred 2 Tr Adjust 4% 1 Ik 6% non-cum preferred (gu)__50 100 Clearfield & Mahoning (gu)—50 Cleve Cine Chicago & St Louis Common (guar) 100 5% non-cum pref (gu) 100 Cleve & Pitts (gu Pa RR) 7%_50 Special guar 4%— -50 Colorado & Southern 100 Dayton & Wichita Falls & Southern— Atlantic Coast L RR 3k \x Columbus & Xenia (guar) 50 Concord & Portsmouth (gu)__100 Conn & Passumpsic pref (gu)-100 102 M J&J / Alabama & Vicksburg (gu)—100 X »x 100 Preferred 4.75% 4.75% 83 50 50 1H 3X Cin Union Term 5% pref 99 com X X Inter-Terminal— Cin New Orl & 56 New Orleans Great Northern.100 New Orl Texas & Mexico 100 n New York Central RR * N Y New Haven & Hartf —* 7% preferred 6% preferred 47" 44 Cincinnati Sandusky & Cleve 1945— Preferred -50 lOO 5% non-cum preferred 100 Chicago & North Western 100 7% non-cum preferred 100 Chic R I & Pacific common—100 Cinn 60 .—100 (guar) Common 102 X 109 108 1st consol gold 4s 1949 M&S Wheeling Term 4s 1940 F&A White & Black River Valley— 25 90 100 3X 13" 6% preferred 100 Chicago Great Western com—100 4% preferred 100 Chicago Ind'polis & Louisville 100 4% non-cum preferred 100 3X X 12k" f RAILROAD STOCKS 20 X J Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966 M&S 67 42 39 11M 12 X ff 30 Nashv Chatt & St Louis 100 Newark & Bloomfield (guar) 50 New London Northern (gu)_.100 Chic & East Illinois common.100 Equipment trust 4 Ms West N Y & Penna 4sl943_A&0 104M Western Pacific RR Corp— 22 1st M 58 1946 series A— M&S Assented 5s 1946 / 22 M E quipment truBt 5s b 5.50 5.50 Eqtr 5Ms 1938 (yr) J&D b A1 Great Southern 23 38M 89 M 13 f. b J&J k 23 X 87 55 36 38 -.25 25 12X 13 X 1st & ref 5 Ms 1977 ser A—J&J 1st gold 4 Ms 1943 20 38 Original (guar L & N) Unstamped (guar L & N) Chicago Burl & Qulncy— Preferred 1951 M&N Worcester & Conn Eastern Ry— 9M 11 A&O 1st gold guar 4s 1960— 9 13 X Preferred series A Ask Nashville & Decatur— 13 West Fruit Exp—See Gr Nor Western Maryland 4s 1952-A&0 1980 37 24 27 X Chestnut Hill | 2 10 Morris & Essex (guar) 50 Morris & Essex Exten (guar)_100 Mt Carbon & Pt Carbon (gu)__50 Nashua & Lowell (guar) 100 17 1st 4Mb 1947 F&A West Shore 1st 4s 2361 J&J West Virginia & Pittsburgh— 1st 5s 37 19 100 Chattahoochee & Gulf (guar)-100 Chesapeake Corp -* Chesapeake & Ohio common—25 Bid Par Montgomery & Erie (guar) 6X 34 2d preferred Washington & Vandemere— 4Xb 83 M Central of New Jersey 38 Wash & Frankl Ry 1st 5s '39-J&J Wash Term Co—3 Ms 1945—F&A 1st gold 4s 1945 guar F&A Pocahontas 46 6X 80* (quar)-------.50 Cayuga & Susq (gu D L & W)_30 83 Stocks Mobile & Ohio—See Southern Ry Catawissa RR—1st pref (guar) .50 85 Ask 42 M 25 Canadian Pacific 84 Washington Co Ry 1st g guar 3 Ms Jan 1954 opt 1924 J&J 1st g s f 4s 1990 "f" and income and defaulted bonds the month preceding the date o^lssue Bid Stocks Caro Clinchfield & O (guar)-.100 Equipment trust 5Ms Equipment trust 5e— Eqtr 4Ms 1939-43 (yr) A&O Det & Chic ext 1st g 5s *41-J&J f Des M Div 1st g 4s 1939--J&J f Toledo & Ohic 4s g 1941—M&S f Omaha Div. 1st 3 Ms g '41-A&0 f Wabash Railway Go— Ref & gen 5 Ms 1975 A—.M&S f f Certificates of deposit Ref & gen 5s 1976 ser B—F&A f Certificates of deposit Ref & gen 4 Ms 1978 ser O.A&O Certificates of deposit Ref & g«n 5s 1980 ser D..A&O Par Camden & Burl Co (guar) 25 Canada Southern (guar)—*—100 Ask Wabash Railroad Go 71 BONDS bond prices are "and Interest" eicept where marked Quotations for all securities are as near as possible for the closing day of NOTICE—All 29 M 8 2M 2M non-cum preferred Utica Chen & Susq Val (gu)-100 Utica Clinton & Bingham (gu)100 Preferred (guar) 100 Valley RR (N Y) (guar) 100 Vermont & Mass (guar) 100 Vicksb Shrevep & Pac (guar). 100 5% non-cum pref (guar) 100 Virginian Ry common .....100 6% cum preferred... 100 Wabash Ry /. 100 5% non-cum preferred A 100 5% non-cum conv pref B_.100 Ware River (guar) 100 Warren N J (guar D L & W). 60 West Jersey & Seashore (gu). 50 Western Maryland Ry com 100 1st preferred ...100 4% non-cum 2d pref 100 Western Pacific RR Corp 100 6% non-cum preferred —100 Wheeling & Lake Erie Ry..—100 4% prior lien 100 5M % cum preferred —.100 Wilton (guar Boston & Me).. 100 13 35 60 68 155 117 X 1M 3 ik 55 24 51 3M 42 6 X 1M 55" liH 46 /This includes accrued interest, k Last sale. » Nominal. NOTICE—All bond prices are "and interest" except where marked "f' 1956 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 Stocks and Bonds Par Bid Ask Per Administered Fund 2d inc...—-* Affiliated Fund com 1.25 13.60 14.47 4.26 4.71 deb 5s 1944-47—J&J 80% 99% Sec conv J&J Conv deb 5s 1948— Air Investors Inc * Convertible preferred...—-—* Warrants Aldred Invest Trust (Mass)-— Deb 4%s with com shs 1967—Aldred Investment Corp (Can)— Deb 4%s with com shs 1968— Alliance Investment com * Allied Int Investing Corp com—* S3 co nvertiblepreferred——* Amer British & Cont Com——* ---* F&A $6 preferred Deb g 5s 1953 Amer Business Credit A 10c Capital Corp A 10c Class B * -* S3 preferred...—— $5.50 prior pref Amer Cities Pr & Lt cl A Class A opt div 2% 23 25 —25 ser w w 1 Class B Amer Elec Sec partic pref ..1 American European Secur.. * Coll tr s f 5s 1958ser A—-J&J 5s series B 1958 —M&N American General Corp 10c 1 §2 preferred $2% preferred 1 S3 preferred ——1 Amer General Equities Ins—25c ♦Amerex Holding Corp— * Amer Insuranstocks Corp...—.* Amer Investment (111).... * 7% preferred —-—25 8% preferred 25 Associates Investment Co * % Dec .*27 10% Nov. 10 % 98% 5% 101 6 4.11 4 2% —..-1 ♦Class A Bankers Securities Corp com..50 6% preferred 50 Basic Industry Shares—.——10 Blue Ridge Corp common... S3 conv'preferredBoston Fund Inc Boston Personal Prop Trust British Type Investors. 1 100 ..* 1 Broad St. Invest Co Inc——-.6 Bullock Fund Ltd 1 23* 25 68 75 27% 29% 28% 26 1% 2 2 4% 9 101% 101% 4% 24 % 4% 25% 36 8% 43 % 43% % 3% 4^ 6 6% 5 16 % 3.81 7 19 Nat Christiana Securities Preferred 17c 32c 26.48 28.32 15% 17% 94 96 4.10 75 4.45 77 8% % jy % 6% 2% % 9% 4% 3% 4% 23.57 4% 4% 4% 25.12 11.52 5 131 134 100 52 62 100 105 Cleve Securities 4-6s to 1943.J&J Commercial Credit common 10 40 Commercial Invest Trust * S4.25 conv preferred Debenture 3 %s 1951 Commonwealth Investment Commonwealth Secure * J&J 107 108% 104% 109% 106% 4.07 18 21 Invest 5s June 15 1944 f Great Brit & Canada Invest¬ ment Corp 4%s 1959 Group Securities, Inc.— Agricultural Shares new 5.78 9.58 8.82 7.17 8% % 5.39 new * com 23% 16.76 39c 33 Independence Fund of N A 18". 12 6.00 6.70 1.41 1.52 4 1.14 x 1.32 1.45 F&A / Deb g 6s 1940 B with war..J&J / Insuranshares Co of Delaware-.1 4% 6% 4% 7% Insurance Group Shares. Insull Utility Invest— Deb g 5s Jan 1949 (Md) ctfs Inc 1 * International Holdings & Inv New common Interstate % 4% 1% 5% % % 4% 1% 6% Equity common 1 $3 convertible pref A * Investment Bond & Share— 5s series A 1947 J&D 55% 57% Investment Co of Amer 18 20 Preferred % 11.86 % 25 20 12.66 % 22 Keystone Custodian Fund25.85 14.79 - — Series K-2 24.07 16.25 14.51 - 28.38 21.95 ... 15.90 13.04 96 25 sponsor or issuer. 1 92 ~1948.A&O n % I 10.77 11.27 33c 37c 59 61 ,, Preferred * 26 i Representative Trust Shares 10 Republic Investors Fund Reynolds Invest 5s 1948 A&O Common stock 1 $6 preferred * Royalties Management A 1 ♦Schoellkopf Hutton and Pomeroy Inc common 10c Commercial % 8 1 13 35 40 50 100 1 1 6s series 4 Nov 1942 Securities Corp General com * $6 preferred ♦ Selected Amer Shares Inc 2% Selected Income Shares 1 Selected Industries com * $5.50 prior stock Convertible stock Allotment certificates Shawmut Association Shawmut Bank Inv Trust— 42 3.55 53% 10 5% preferred Second Carey Trust Second Nat Inv Corp Com. $5 conv preferred Securities Co of New Jersey— 53% 38 90 100 1% 10.20 ..5 ... * 10 4%s Mar 1 1942 M&S 5s March 1 1952—.. M&S Solvay Amer Corp 5% % pref. 100 Sovereign Invest. Inc., com..10c Spanish & Gen Corp Ltd— 80 80 112% 76c Amer dep rets ord bearer £1 Spencer Trask Fund Inc * Standard Amer Trust Shares 1 Standard Investing Corp com—* % 16.87 3.55 87 58c 63c 75% 80c 40 Super Corp of Amer class A...2 Supervised Shares 27% 12.03 15% 16 100 24 6.59 1 1% 7% 1.58 14.08 15.14 6% 29 cum preferred 5c % ... 1953 J&J 108 Trusteed Amer Bank Shares B 25c 55c Trusteed Industry Shares 1.03 25r Trustee N Y Bank Shares 1.10 60c Trustee Stand Invest ser C 2.60 1 x Class D 1 x 2.54 Trustee Standard Oil shares A—1 5.80< Series B 1 5.65 Union Investment common..... * 3% 109 Conv deb 5s 1946 M&S United N Y Bank Shares C3— * U S Elec Light & Pow tr ctf A..* 101 98 1.15 1.20 4% 95c Voting shares Foreign Securities com. U S & $6 1st preferred U. S. & International Sec.. 61c 1% 14% 2.10 10% 11 84 ... H 4 90 * Warrants 5s conv deb 11.49 29% 3% Trust ctfs series B 100 100 88 IY 11/ 65" 66% • 1st 6.00 11.38 12.29 7.57 8.19 pref with warrants.. * Utility Equities Corp ...—5 $5.50 priority stock * Utility & Industrial Corp—...6 Convertible preferred 7 Wellington Fund 1 9.20 8.55 9.95 Western Reserve 9.36 Ex-coupons. 7.15 7.15 10.57 National Investors Tri-Continental Corp 6% e 1.00 3.73 Third 25 27% 3.65 1.43 Railroad equipment Steel stocks 76% 47% 3 6.19 ....... 3.60 85% Class D 92 .... i,i 12 % Nat Trust Shares liemodified.. .1 Machinery 84c 12* $5.50 preferred w w * Deb 5%s 1939 F&A 15 Standard Utilities Inc 50c ♦State St Investment Corp * Suburban Elec. Securities * $4 cum 2d preferred .* 6.16 22% Building supplies 113 £1 % -A* Automobile Aviation Bank stocks 9% 65% 10% 2.58 100 preferred 2d preferred New York Stocks, Inc.— Agricultural "l% 65 3.90 6.76 23.61 13.15 1st 1% 11". 13 4.44 1% 63% 9% 64 25 1 6.12 Voting shares 3.65 50 2 3 22.25 * 12% % Class A A 10c pref stamped 55c 100 * Class O Massachusetts Investors Trust. 1 Mutual Investment Trust 10 Invest com—* S8 25* 98 Class B 102% 5% Maryland Fund Inc 31 7 * 16.75 101% 5% * No par value, * 5.51 Oils «.--- 10c 16.36 10 Corporation Metals 19.26 % 5% 24 52c 10 14.75 11.75 15.13 ....... Series S-3 Larkins Warr Trust Bond & 13% 94 8 * Am dep rets ord reg 15% 10 Investors Fund of Amer Series Cl Investors Royalty — 1 Electrical equipment Insurance Howard Management Quotation not furnished by 2.65 1.04 .......... 23 17.93 98 20.20 3 5 England Fund.. 1 New York Investors common—* 25c 101 4% 8.59 Institutional Securities Ltd— Bank Group shares New 2.64 94 59c 4 Nation W ide Securities Co—25c 25% 3.95 Domestic & ForeignIn5%s47F&A / 1 43 95 15% 3% Gee) Fund 14.95 15.99 10c 11.85 12.98 5% debt tries A 1942 M&N 99 103% Railw y & Light Securities com. * 10% 11% Conv coil 4 %s ser "11" '55 A&O 104 Railway & Util Invest A lk % Dec. 19 3 % % preferred * 6% Reliance Internat Corp com A 10c % Seaboard 4% 2.55 ... 1 2.50 Dominion-Scottish Invests Ltd 1st coll 4s series A 1952—J&J Eas Util Invest L)eb5s 1954 M&S 15 __ % Independence Trust Shares.. conv 5.08 * 7.71 41% Hydro Elec Sec com * Illuminating & Power Securities— 1st preferred. 100 Incorporated Investors... —5 5% preferred ser A w w 110% Economic Inv Tr Ltd 5sA*57M&N 5.67 % 3% 1 —-* * 1948 ...1 Nat Bond & Share Corp National Investors Nat Republic Invest Trust— 2.93 31 Series B 5.74 5.21 new— 5.86 7.78 5.27 $6 1st preferred..4 S3 2nd preferred Debenture 5s series A ♦Huron Holding Corp National 2.48 2.41 115 A 4.40 7.15 new Equip Shares Steel Shares 4.66 7.09 Petroleum Shares Railroad 7.80 4.27 4.03 new J* 6% 4% Quarterly Income Shares.. 6.11 8.11 new 7 12 ♦Putnam 5.31 ~4% 92% 29 * pref class A Plymouth Fund Inc Prudential Investors 56 preferred .• "7% 103 93 15 3% 65 10 conv 36 4 * $3 41 93 Pacific Investing Deb 5s 1948 J&J Pacific Southern Invest pref * Phoenix Sec Corp .... 96 5% A&O Corp (Calif) 35c % * 1 1948 96 * DecfM 5% 1 1947—. Debenture 4%s Dec 15 1952 Old Colony Trust Assoc * Pub Util Investing 5s 8.81 Investing Shares new Merchandising Shares Mining Shares new —1 Preferred 1 Oklahoma County Trust 10 Oklahoma Southern Trust 10 Old Colony Invest Trust Com..* Pub Util Sec 5 7 partic pref Automobile Shares new__. Aviation Shares new Chemical Shares Food Shares new 7% 101 104 3 M&N Class B 62 5.61 new 1944 Oils & Industries com ww Class A 70 A&O . 8 Diversified Trustee Shares 18 Series S-4 1.42 ♦ 15 com $6 preferred Series S-2 2.97 Fund A-1-. German Credit & Investment— Pref allot ctf 25% 1st pref—* 60 1 Eaton & 19 1% 19% 103 "I" ._* — 1% Series B-3 Series K-l Deposited Insur Shs Shares 1 * 56% Deposited Bank Shs NYser A..1 D shares 5.71 % 65 16< Series B-2 2.41 Delaware Fund Dividend 5.24 Manufacturers Finance (Bait)— S f coll 4 %s series A 1942.A&O Marine Midland Corp. 5 10 O shares * 28% 100 ser 35.04 .1 45 56% 107% 103% 102% 59% 100 ♦Crum & Forster Insureh B Cumulative Trust Shares 106 32.59 %« 50% Investors Trust. 1 Deb 5s April Pacific Finance 104% Lehman 10 103 1 $6 preferred Warrants 1 6%s share 2.33 2.88 2.83 2.57 1 Overseas Securities Co * Deb 5s Feb 1 1952 General Capital Corp General Investment Corp Series B-l 2.93 ♦Orum & Forster Inc com.. 9 100 20 1 — preferred $6 preferred !8* 27 Accumulative series........ cum Investors Lawyers Mtge Inv (Boston)— 1st 5 %s series B 1940 M&S / — ♦7% * _* F&A 5.88 8% 65c ♦6% preferred 100 Corp Secure 5% ctfs 1935—M&S Corporate Trust shares old ser.. 1 preferred 5.35 100 Debenture 4 %s Feb 4.74 55c 5% preferred 100 Debenture 5s May 1 1942... / Continental Shares ♦8% American 1 Preferred 20.71 ♦ Class B 1 Consolidated Invest Trust com.l Continental Secur Corp com * A A (modified) AGO (modified) Fundamental Investors Inc 2 Fundamental Trust Shares Inc— Class A 2 106 3.74 common. AA 19.15 1 Insuranshares 10% 2,240 100 A&O J&D Common ex-warrants « 1% 36% 2,290 4%% conv preferred 3 % % debentures 1951 2H% debentures 1942 4.60 33% 32% 22 100 .... Preferred 4.30 33% 32% 1 5 94% 31% 29% Northwest Bancorporation * Ohio Finance conv 5s 1951._F&A Deb Preferred Guardian Investors 12 100 City Investing Co 7.11 47 A..1 National Investors— Common with warrants 6% preferred % 52% 5%% preferred 100 North American Trust Shares— 1953 » 1958 39% 35 com — 18.61 11 1 % ... — 37 % 17.40 10.65 * ... M 1.10 35 Chemical Fund ser — 8.13 5.71 32 Chicago Corporation Convertible preferred 10c 5.24 Corp class A—._* 6% cum preferred Century Shares-Trust. 3.65 50c 92 100 100 100 2]36 3i30 Tobacco Shares new_ .; 89 Conv preferred Conv pref series of 1929 8.36 Guardian Invest Trust (Conn)—* *57.-A&O ♦Class B ._.* Central States Elec Corp.. 1 7 %"preferred .—100 20% "I % 75 ♦Central 19% lYs 44 * 10 Building Shares 6 72 preferred North Amer Invest Corp com.100 Collateral 4s 1951 J&D 31" Gleneagles 94% Cent-Illinois Securities Corp—1 conv Foundation Trust Shares Gen'l Realty & Utilities Carey Trust SI.50 22.77 6.54 General 7% 40% Cent Invest Corp 5-6s 21.15 2.61 Ask 94% 5% 83% 5 100 k Normandie Nat Sec pref North American Bond Trust Ctfs. 10.28 35% 28 Class B common Class A preferred % 30 10 20 29 24% 5% Niagara Share Corp (Md)— Conv deb 5%s 1950 M&N 3% % 27 10c Insurance stock series Fixed Trust Shares series A Series B Bid Per 7.71 — 65c 2fA i ra it* Par Bonds 3% _10c 1 — Bank stock series General ana * 27% 5s series A 1959 A&O Canadian Invest. Fund, Ltd 1 Canadian Pow & Pap Invest Ltd— Deb 5s series A1958 F&A / Capital Administration cl A——1 S3 cum pref series A 10 ~\ 31.13 Stocks 1 58c Canadian Internat Inv Trust— ._* 29.26 82 Fourth % 99% ..1 6% Foreign Bond Associates Inc.. 10c Foreign Power Secur Corp— 1st coll tr conv 6s A 1949.. J&D 22 14 ♦Bancamerica-Blair Corp Bankers Nat Investing— 5% First Mutual Trust Fund Fiscal Fund, Inc.— 99% 5% ..._. 77% 5 6 preferred 51 Associated Stand. Oil Shs—.—2 Atlantic Secur 4hs A 1953.A&0 Atlas Corporation common 5 ....—50 conv 2% • 42 1% Ask share 2 1 com pre! with warr 47 95 6% preferred Option warrants. Shareholdings Corp conv 38 92 _ . $6 Fidelity Fund. Inc ♦First Boston Corp w w— 5 % preferred ex-warr Elec Empire Capital Corp A equitable Invest Tr (Mass) Rlnuity Corp common Equity Shares 100 .—100 10-year deb 3s 1946—...J&D 6% preferred Bid Par Per $3 % 3.73 Shares.... Amer Business Amer 1 2% 20 Stocks and Bonds share 10.12 9.17 9.86 9.91 10.66 9.04 9.39 9.77 10.15 9.53 10.30 8.05 8.71 6.51 9.25 /Flat price, Deb 5%s Investing—_ F&A 1944. Wisconsin Bankshares— fc Last sale, n Nominal x * Ex-div. 2 52 % 1% 13.91 101% 4% y 5» % 1% 15.27* 4% Ex-stock div r" Utilities Public (Includes street and electric railways, gas, electric power, water, telegraph, telephone and bridge companies.) NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Adriatic Electric Co Extl s f 7s 1952_„ Bid (Italy)— A&C Ala Gas Co 1st M 4M« 1951-F&A Alabama Power 1st os 1946-M&S 1st 1st 1st 1st & ref 5s 1951 &ref 5s & ref J&J M&N 1956 4Ms 1967 1968' J&D & ref 5s M&S Alabama Water Service Co— 1st M 5s 1957 ser A J&J 63 M 91% 103 M 98 96 80 M 86 % 97 70 / 93 104 99 Amarillo Gas 6s ___1939 Amer Commonwealths Power— Deb g 6s 1952 ser A F&A Deb g 5 Ms 1953 M&N Oonv deb 6s Am Amer & Deb Amer 95" 75 M&S 1934. J&J / Amer G & E deb 5s 2028.—M&N Am Gas & Pow deb 3-5s '53-F&A Secured deb 3.6-6s 1953 J&D Am Pow & L deb 6s 2016 M&S Amer Rys Corp coll 4 Ms *53. A&O Debenture Ms 1963 A&O Amer States Public Serv— 1st 1 5 Ms 1948 ser A M&N Deb 6s 1938 J&D 4 Amer Telep & Teleg— Deb 5Ha Nov 1 1943 25-year deb 3 Ms 1961 30-year deb 3 Ms 1966 American Toll Bridge— 65 A&O J&D Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A 4M 15 17" 52 % 52% 11 13 108% 37 M 42 109% 38 M 43 M M&S conv M&S "5" 110 110 H 120M 121 124 125M 118M 129 H 1st mtge 5s 1958 Bergen Turnpike 5s 1951 Berkshire Street Ry— 103 M 104 H 73 68% 101M 90 M 70% 102 92 M 42 45 108 M 105 M 119M 93 % 93 97 M 49 50~ 51 Deb 6s Apr 1,1955 Berlin Elec Elev & Underg 70 33 1st mtge s f 6M» 1956 Biddeford & Saco Water— 99 100 M 103 51% 47 M 53 M '56J&J A&O 96 H 114M 88 43 46 33 " 33 % 32 M 28 31M 31 % 32 M 33 33 27 S fine deb 5 M-6 Ms A 1986 F&A S f inc deb 5-6s B 1986---M&S 27" 24 27 S f inc deb 4 M-5 Ms C '86-M&N S f inc deb 4-5s D 1986—-M&S 22 27 20 23 26 23 31 2M 3M 3 3 % 3M 4 99 100 98 M 100 5Ms 1973 F&A 63 65 Conv deb 5s 1973 Oonv deb 4M® 1973 J&D 59 55 61 57 M&S 54 56 F&A 31 M 29 M 33 30 27 M 27 28 % 28 m 5s 1954 ser B —J&D 1st mtge 5s 1957 ser C F&A Blackstone Val Gas & Elec— M & coll tr 4s ser C *65—M&N Mtge&Coll tr 3 Ms ser D'68 J&D Bleecker St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 5s 1940---M&N Bolivian Power 8s ser A '45.A&0 Deb g 5s Dec 1942 West End St 5s 1944 M 55 106 M 73 M 35 70 H 58 107 M 75 101M 83 M 69 H 110 M 112 108 M 108M M&S British Colum Tel 5s I9601st 4Ms series B 1961 Broad River Power Co— - - J&D J&D 96 1st & ref 5s 1954 ser A _M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967.F&A Bklyn City RR 1st 5s 1941--.J&J Brooklyn Edison Co— Consol mtge 3 Ms 1966 M&N Bklyn-Manhattan Transit Corp Coll trust 4Mb 1966 M&N Coll trust 3s 1939 —M&N Coll trust 3s 1940 M&N Coll trust 3s 1941 M&N Coll tr series 3Ms 1942—M&N Coll trust ser 3Ms 1943--M&N Coll trust ser 3 Ms 1944-_M&N Coll trust ser 3 Ms 1945—M&N Coll trust ser 3Ms 1946--M&N Coll trust ser 3 Ms 1947--M&N Coll trust ser 3 Ms 1948—M&N Coll trust ser 3Ms 1949--M&N Coll trust ser 3Ms 1950—M&N Coll trust series 3 Ms 1951-M&N Brooklyn City & Newtown RR— 1939. 106 H 109 % 82 M 99 M 48 93 H 66 66 102.25 91 Co— Power 95 J&J A x 106" 99 25 Central N Y Power Corp— Gen mtge 3 M? 1962 A&O Cent Ohio L & P 1st 5s 1950-A&O 107 M 85 101 83 M 100 Corp— Conv deb 5 Ms *49 F&A Cent Public Util.(ws)lnc5Ms-1952 62 M 64 M 33 M 34 35 States Pow & 50" 108 M 57 J&J 58 34 M 1953.J&J 36 3 Cent Telep (Del) 6s 1938--.M&N f Cent Vermont Public Serv Corp Charleston Transit Co— 1st 5s 1942 74 H 74 M&S M&S / 45 M&S 1952. 73 72 H 72 H Chattanooga Ry & Light— 1st & ref g 5s 1956 op T6-M&N Chatt Rys 1st cons 5s '56.M&N Chester Water Service Co— 1st 4Ms 1958 series A Chic Aurora & Elgin RR— 93 70 73 105 M&S 65 67" 67 65 67 65 67 65 67 65 67 65 67 65 67 1st & ref 6s 1951 J&J / 2 Chicago City & Connecting Ry Coll tr s f g 5s Jan 1,1927.A&0 /. 5 Chicago City Ry— 44 1st 5s (15% paid) 1927—-F&A Chic Dist Elec Generating— * 104 1st M 4Ms 1970 M&S 65 67 Chic North Shore & Milw RR— 1st mtge gold 5s 1936 1st & ref 6s 1955 ser A 35 1st 38 H 86 80 V8 35 107 104 M 94 H J&J & ref 5 Ms 1956 A&O Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt red and pay Aug 1, 1938—F&A f Certificates of deposit / Cons M 5s ser A Feb '27 _-A&O / Series B Feb, 1927 J&D / Chicago Rapid Transit Co— 1st & ref 6 Ms 1944 -J&J f Certificates of deposit - — 103 Atlanta Gas L 5s g 1947 Gen mtge 4Ms 1955 107 M 103 M J&D M&S ' 1% * Called Jan. 9 at 104. 1M 43 M 45 43 M 6M 2M 48 4M 1st mtge 3 Ms 1967 J&D Cin Newport & Gov L & T— 1st ref 6s 1947 series A _J&J 118 Cincinnati 115 102 3 5M 5M 5M 103 100 H 7 Cincinnati Gas & Electric— 101M C '67-J&D 2s deb A 1939-1942 J&D 3s deb B 1943-1947. J&D 3 Ms deb O 1948-1952 J&D Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A Buffalo Traction— 1st Called Jan. 1 at 102. 104 M 2 109 H Gen & ref M 3 Ms ser See International x 6 45 1 101H Buffalo Niagara Electric— Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J Atl Cons St RR—See Ga Ry & El 2% 1M 1M J&J 100 H 101 35 123 50 91 4 % A J&J 4% / 4M deposit H Adjust deb 6s July, 1963—J&J Certificate of deposit % Chicago & West Towns Rys— 1st cum inc 5s 1937 J&J 5M 106 Chippewa Power 6s 1947 J&D Deb 5s 1950 J&D Buff Gen Elec 1st ref 5s 1939-J&J Gen & ref 4Ms 1981F&A 123 102% 100 M&S gold 5s 1999 13M 102 1st mtge 3Ms ser B 1966--F&A Charleston Cons Ry Gas & El Gen & adj 5s 35 Corp— Lt 1st M & 1st lien 5Ms Debenture 5s 1944 Calgary Power 1st 5s 1960--A&O A&O 84" 100 M 1M 1M Butte El & P 1st s f 5s 1951--J&D Cairo Bridge 1st inc 6 Ms '58.J&J 35 35 101 % Central States Edison, Inc— 1st coll inc 3~5s 1950 M&S / Burlington (Vt) G L 5s 1955--J&J Butler Water 5s 1957 A A&O Certificates of deposit 2-yr 6% notes 1933 Certificates of deposit 35 31 100 65 Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) 35 J&J 1st con 5s July '41 (stp)__M&N f 35 82 M Bklyn Un Elev 5s 1950 F&A Kings Co El 1st 4s 1949---F&A Nassau Elec 1st g 4s 1951--J&J 30M Bklyn Un Elev—See BklynQueens Bklyn Un Gas 1st cons5sg'45M&N 106M 1st lien & ref 6s *47 ser A—M&N 103 1st lien & ref 5s ser B 1957 M&N 89 H 35 Certificates of deposit Conv deb 5Ms 1944 ser C.M&N 104 M 107 100 M 106% Conv sec 4 Ms 1940 J&D Cent Pow 1st 5s 1957, ser D.J&J Cent Pow & Lt 1st 5s 1956--F&A Consol 67 J&J 96 M 102 101M 103 M Cent Maine Pr 5s '39 op T9.M&N 1st & gen 4s ser G i960 A&O Coll trust 5s notes 1942 73 102.25 102 M 89 F-.J&D M&N 1st & ref 4Ms 1981 ser H—J&D Cent Indiana Gas 5s 1957 M&S Cent States Utilities 6s 1938-J&J 104 108 H 102 M .. Cent 117 107 M 106M 103 98 M 3.25% 4.00% 103 M 103 M 1st mtge 3Ms ser A 1968--J&D 97^ 3M% ser debs 1939-1943—J&D 61.50 to 4% serial debs 1944-1948.-J&D 63.50 to 103 1st & ref 5s 1956 ser E—M&N Central States Elec Corp— Conv deb 5s 1948 J&J Deb 5Ms 1954 M&S 15 20 H 98 M 103 % 103 M 110 Cent Pub Serv 109 M 122 115 103 1st & gen M 3 Ms ser H '66-F&A Cent Mexico Lt & Pow 1st s f 6s 1940 J&J 101 96 M 94 109 - Cent Iowa Telep 5Ms A 1947-J&J Central Kansas Pr 6s 1946--M&S 104 H 25 109M 84 H 105M 76 M 75 74 F&A Central Indiana 71M lO'lM 75M 1st & ref 6s 1952 J&D Cent Illinois Light 3 Ms '66_ A&O Central Illinois Public Service— ser in 90 100 % M&S 29 80 106 M 109 M —M&S Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953 M&N Bridgeport Gas Lt 4s 1952.-J&J Brith Golum Pow 4 Ms 1960.M&S 5s 65 27 ..M&N J&D 7s Sept 1947 70 26 1 104 scr A '55 J&J Centra] Gas & Elec 6s 1946-M&S 1st & ref 3Ms 1965 Cent Ills Elec & Gas Co— 1st & ref 5s 1951 85 82 J&J Cent El & Tel 1st 5s 1st mtge 4Ms 1967 ser 1st & ref 5s 1968 ser G 28 88 M 102 102 M 1st & ref 6s 1947 4s series C 1956 F&A Birmingham Elec 4Ms 1968-M&S Birmingham Gas 1st 5s '59-M&N 6% notes extended 1938--A&O Birmingham Water Works Co— 1st m 5Ms 1954 ser A A&O Boston Elevated Ry— Deb g 4Ms Nov 1, 1941 38 30 A&O Rys— A&O / 1st 97 69 A&O J&J 1st extend 6s 1947 J&D Berlin City Elect 6Ms 1951 J&D Sink fund deb 6 Ms 1959-F&A 65 24 M 24 Assoc Telep Util deb 5s 1942A&O Certificates of depositConv deb 6s 1941 M&S 2 100M 129M 32 Associated Telep & Teleg Co— Deb 5 Ms 1955 ser A M&N 89 M 99 M J&J 1978 notes 62 87 M 100 M 1st & colltr 5s 1948 ser A F&A Central Elec of N J 5s 1940.-J&J 117M 28 J&J 98 1st &ref 5s 1948 ser B J&J 1st & ref 5s 1960 ser C A&O Bellows Falls Hydro-Elec Corp— 29 M&N M&S / M&S Carolina P & L 1st 5s 1956 Cedar Rap Mfg & P 5s '53 Cent Ark Pub Serv Corp— 48 103 % 26 Income deb 4s 1961 M&N Associated Pub Utilities Corp— 1st lien 5s 1947 ser A J&J 85 105 ' 102 % 8 f inc deb 5 Ms A 1983 F&A S fine deb 5s B 1983 M&S S fine deb 4 Ms O 1983..-M&S S f inc deb 4s D 1983 M&S A&O 1st mtge 5s ser A 1955 Canadian West Telep 5Ms Cape & Vine'd El 4s A '65—J&J Capital Traction (Wash, DC)— 1st g 5s June 1, 1947 J&D 1st g 5s 1957 ser B J&D 1st mtge 5s 1960 ser C M&N Bell Telep Co of Pennsylvania— 101 M 46 M M&N 110M 111% 105 % 105% Ashtabula Wat Wks 5s 1958-A&O Deb 6s series A 1958 Associated Telep Co Ltd— 1st M 4s series B 1965 5s 103 M 101 Cent Hud Gas & Elec Corp— 1st & ref 5s 1941 J&D 5 94M 10114 Income deb 3 Ms 1978 M&S Assoc General Utilities— Income debs w w 5s 1956-M&N 89" 111% 105% 105% 102 M deb 4s 1973 Income deb 4 Ms 1978. Income deb 4s 1978 Income deb 3 Ms 1978 102M 104 H 93% 101M Conv 23 H 86 Canadian Rail & Harbor— Term 6 Ms 1951 Canadian Utilities Ltd— 102M 102 M J&D 18M 21M 82 M 97 47 105 Ry—See P S Corp Canada Nor Pow coll 5s '53.M&N Canadian L & P 5s '49 op *14 J&J Beaver Valley Water 5s '60-M&N Bell Telephone of Canada— 84 103 Q-M 105 J&J 1978 44 103 A&O First lien coll tr 5Ms '46.-J&D Central German Pow 6s '34.J&D f 101 Conv A 7s 2002 Q-F Associated Gas & Elec Corp— 8-year 8% ww 1940 M&S 8s ex-warrants 1940 M&S 1st 4 Ms 1960 Camden & Sub 105 1st & ref 4hs 1950 F&A Ark Louisiana Gas 4s 1951 J&J Arkansas & Missouri Power Corp 5s series A 1957 J&J Arkansas P & L 1st 5s 1956-A&0 Ark West Gas 1st 5s w w '39. J&J Ashl'd Home Tel 4 Ms A 1961A&0 Conv deb 5s 102% Camden & Rockland Water— Collateral s f 5s 1973 A&O Beaver Valley Trac 5s 1950-A&O 105" Q-F 15 100 Beauharnois Power 5s 1978 103 J&J Associated Gas & Elec Co—• Conv deb 5 Ms 1977 F&A Conv deb 5s 1965 M&N Oonv deb 5s 1950 F&A Oonv deb 4 Ms 1949 J&J Oonv deb 4 Ms 1948 M&S Cons ref deb 5s 1968 A&O Cons ref deb 4 Ms 1958 M&N 10 98 45 F&A Oonv A 5s 2002 Conv A 6s 2002 mtge 102 104 South Chicago Ry— 1st (35% prin paid) 1927 F&A / Beauharnois Lt Heat & Pow— 2d & 60 J&J A&O J&J Calumet 86 Arizona Power 5s 1950 J&J 100 M Calif Water & Telephone— 1st mtge 5s 1965 M&S Calumet G & E 5Ms B I960-J&J 58 Arizona Ed 1st 5s 1948 1st 6s 1945 Income 5s 1960 Income 6s 1960 1953 Bangor Gas Light 5s 1941—A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966 J&J Barstow (W S) deb 6s 1942--A&O Bear Mt Hud Riv Bdge Co— 1st 7s 1953 A&O S f income 8s 1953 A&O 63.00% 102 '58--A&O 92 H 106 Serial notes 85 M Androscoggin W Pow 6s *45-F&A / 37 Appalachian Elec Power— 1st mtge 4s 1963 108 F&A 104 M Sfdeb4Ms 1948 F&A 118 Appalachian Power 6s 2024--J&J Ardmore St Ry—See Phila Co A&O 99 97 92 104 M 43 Androscoggin & Kennebec Ry— Assoc Elect 4 Ms 5s Jan 1 1961 106 Baltimore County Water & Elec 1st 5s 1946 M&N Baltimore Transit Co— Deb 4s series A 1975—---J&J Deb 5s series A 1975 J&J Deb 5s series B 1975 J&J 96 104 M 81 Ask 95 A&O 1st mtge 4s 1966 A&O Calif Water Serv 4s B 1961-M&N 75 1st g 5s 1955 ser A M&N 5 Ms series D, 1945 F&A Amer Utll Service 6s 1964--M&N Amer Water Works & Electric— Deb 6s 1975 ser A M&N Deb 5s 1975 ser B J&D 1st 6s 1940 80 J&J Avalon Telep Ltd 4 Ms Foreign Power Co— g 5s 2030 Fuel & Pow 7s J&J Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 5s 1941 A&O Community Power— 5 Ha Certificates of deposit 1953 Amer Elec Pow deb 6s '57 M&S15 104M Bid Bonds California-Oregon Power— Deb gold 5Ms 1942— 101 Atlantic City Sewerage— 1st s f 6s ser A 1956 J&D Atlantic Co Wat 5s *58 ser A M&S Atlantic City Gas 5s 1960 1st lien & ref 5s 1957 98 Ask 104 M Vtl Beach Bridge 6Ms 1942--F&A Atlantic City Electric— Gen mtge 3 Ms 1964 J&J 88 M&S 1940 \tlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J 96 % 81M Allegheny Gas Corp 6 Ms ctfs '43 Alliance Power 1st 6s 1952. -M&S Alliance Pub Ser(Ohio)5s '57 M&S Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954 J&J Bid Bonds Ask t Called Jan. 14 at 103. s 78M J&D 14 at 102M • 1st & ref 6s 1953 ser Certificates of 1UM 109 H 1st mtge 3 Ms 1966 Ry f 5s 1964 t Called Jan. 74 H 101 1st Street 108 M 110M % 108 % 1.11 M 85 88 69M 75 68 80 Ry— 5 Ms ser A 1952 1st 6s 1955 ser B 105 F&A 5% m A&O -A&O 53 6 Basis. / This price includes accrued interest, ' k Last sale, n Nominal. 74 PUBLIC UTILITY BONDS bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—AH Ask Bonds Bid Cities Serv deb 6s Jan 1966-M&S 71 73 A&O M&N 69 M 67 % 70M M&S J&D 69 M 71M 70M Deb g 5s Apr 1958 Deb g 5s 1963 Deb 5s 1969 Conv deb 5s 1950 Cities Service Gas Co— 70M 1st M pipe line 5%s 1942-M&N el01.23 Cities Service Gas Pipe Line Co— 1st M 6s 1943 J&J <Z102.25 Cities Service Power & Light— 76 % Deb 5%s 1952 —.M&N Deb 5%s 1949 76% J&D Citizens Independent Telephone 1st mtges f 4%sser A '61-. J&J 102% Citizens Utilities Co- 1st M 5s 1954 series B 1st M 5s 1957 series O 77% 55 102 M 102 M J&D 102 106 45 109 M 109% 36% 34 92% 92 % 91% 37 94 94 93 1st mtge 3 Mb ser I 1968..J&D Conv debenture 3 Ms 1958.J&J Conv deb 3 Ms (interest from Sept 30 1938) 1958 3Ms 1939 issue 1958- J&J J&J Com'w'lth El 5s June 1 '43-M&S 105 106 109% 109% 108 H-1—» ' o o <X>QO^-J t—' 109 109 1st lien 5s 1962 stamped.-J&J Oonsol Edison Co of N Y— Debenture 3 Ms 1946 A&O Debenture 3 Ms 1948---—A&O Debenture 3Ms 1956. A&O 20-year 3Ms debs 1958—J&J Oonsol Electric & Gas Coll 6s ser A Aug 1 1962—M&N 6s series B 1962 Collateral 6s 1957 F&A 108 108% 109% 109% 109% 114 Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948. / 35 Non-cum inc deb 6s (x s) 1948- / 22 Commonwealth Lt & Power— Ref & unif 7s 1962 5 J&J / 75 Com'w'lth Tel (Pa) 5Ms '45 M&N Com'w'lth Tel(Wis)4sserA 1M&S 103% Community Power & light Co— Col M 5s 1957 74 M&S 100% Community Pub Ser 5s 1960-J&J 8 Community Teleph 5s Jan 1 1949 f Community Water Service Co— Deb g 6s 1946 ser A 65 J&D Deb g 5Ms 1946 ser B—M&S 62 36 Conestoga Trac 1st 4s 1950--J&J Coney Isl & Bklyn cons 4s '48 J&J Connecticut Light & Power— 1st & ref s f 7s '51 ser A..M&N 129% 1st & ref M 3Ms ser F '66.M&S 110% 1st & ref M 3 Ms ser G '66-J&D 107% 25-year deb 3 Ms 1956—M&S 107% Connecticut Power— 1st & coll trust 5s 1956—-J&J Conn Ry & Lt 4Ms 1951—-J&J Stamped guaranteed opt. _J&J Conn Riv Pow 3 Ms ser Ar61 F&A Oonnellsv Wat 5s Oct 2 '39.A&0 Consolidated Cities L P & Tr— 105 Light Co— 107% 101 Gen & ref 5s 1950 ser A J&J Des Moineg Ry 1st .nc 5s Jan 1 '55 Detroit & Canada Tunnel— 38 107 57 86 16% 4% 4% 90 00 112% 110% 111% Gen & ref M 3 Ms ser G '66M&S International Bridge— F&A / / / Dortmund Munic Util (Germany) 20-yr s f 6 Ms 1948 —A&O / Duluth-Superior Transit— 1st 5s 1953 ws—_ M&S / % % 89 93" 89% 90% 76 100% 10 20 Dumbarton B'ge 6 Ms to '49-J&J 83 Duquesne Gas Corp— lstconv6sctfs. 1945 M&S15 / io Duquesne Light—See Phila Co 67 Duquesne Nat Gas 7s 1948..J&J Duquesne Trac—See Phila Co Durham Pub Ser 7s A '49--A&O 99% Durham Trac 1st 5s 1941—M&S 101 67 64 38 42 138 112 108% 108% 109 109% 100 85 105% 106% 106"" 63 60% 61% 103 62 5s series B 1953 J&J Eastern Shore Pub Service Co— 95% 45% 42 43 Electric Ferries 7s (w-s) '41-A&O Elec & Peoples. See Phila R T 43 Electric F&A 42 Oonsol Gas of Bait 5s 1939--J&J Gen g 4Mb Apr 1954 A&O Oonsol Gas Elec Lt & P 102 125 103% 127 1st sink fund 6Ms 1953.-A&O / Electric P & L Deb 5s 2030-F&A Ref mtge s Oonsol Gas Utilities 109% 110% Co— 6s unstamped 1943 ser A.-J&D 6s stamped 1943 J&D 59 60% 95 Corp 6% notes, 1940 A&O Consol Hydro-Elec Wks of Upper Wuerttemburg 1st 7s '56-J&J / 21% Consumers Power Co— 1st mtge 3 Ms 1965 M&N 107% 1st mtge 3 Ms 1965 M&N 106% 1st mtge 3 Ms 1967 M&N 107% 1st mtge 3Ms 1970 M&N 107% 1st mtge 3 Ms 1966 M&N 104% Consum's Water 1st 6s A '46 M&N 80 Deb 5 Ms series A 1970 A&O / 68 Eliz & 61" 24% 108% 107% 108 108 104% 77" Corp Trenton RR J El Paso El Co— 1st m 58 1950 ser A El Paso Nat Gas— 1st mtge 4Ms ser J&J 103 104 102% 103% m M&S 7% 84% 87 68% 69% 95% 94 96 90% 90% 83 100 68 75 Un Wat 6s 1935--J&J Fruit Growers' Express— 98 Fontana Equip trust 4Mb to 1941--F&A Equip trust 4Ms to 1943--M&S Equip trust 4s to 1946—M&S b 2.00 1.25% b 2.75 2.00% b 2.75 2.00% Fullerton-Portsmouth Bridge— 1st s f 6s 1957 M&S Galveston-Houston Elec Rylst M s f g 5s 1954 opt A&O / Gandy Bridge (Tampa) 1st mtge s f 5Ms 1957-— Gary Elec & Gas Co— 60 85 -A&O 96 1st lien coll 5s x-w 1944—J&J 5s with warrants 1944--J&J 98 95% 24 Gary Rys Co 6 Ms ser A 1945 F&A f Gary Street Ry 1st 5s 1937.-A&O / 23 Gas Co of New Mex 94 6MS *44 M&S Gas & El of Bergen Co 5s '49. J&D 122 Gen 5s Nov 1,1954 124 M&N Gatineau Pow 1st 5s 1956 J&D 104% S f debenture 5s 1949 99% J&D General Gas & Electric Corp— Scrip 4s due 1942 / 30 General Public Service Corp— 6M« ser J&J 97 J&J 101 100 26 26 104% 100% 45 98 101% 81% 82 82 82% 86 A'56_ A&O 87% 118 102% 97 97% 60 61% • ^ 98 1st guar 5s 1954 op 1990-J&J 102 Gesfurel 6s 1953 xw J&D / 26% Grand Rapids Gas L 5s '39.F&A 104 14 16" 72% Rapids Ry 1st 7s '39.M&N / (Japan)— 74 Great Cons Elec Pow 1st M 7s 1944 1st & gen 6 Ms 1950Great Lakes Power Ltd— F&A J&J 63 70 f 4Mb 1956 M&S Great Lakes Utilities Co— 1st lien coll tr 5%s 1942..M&N Great Northern Power— 99 100 s 53 108% F&A 56 109% Bay & Miss Canal— 1st & ref 4Ms 1953—-M&S Mountain Power Corp— 1st mtge 5s 1948—. F&A 103.% Green J&D 4 Ms notes 1940-1953 J&D Greenwich Wat & Gas System— Col tr 5s 1952 series A Col tr 5s 1952 series B A&O A&O x 102% 102% 100 &95%to 100 98% Water5s '39 J&J 53 118 110% Gulf Public Service Co— 1st mtge 6s 1945 104" 102 101% 101 112 Guilford-Chester Gulf States 99 100 19% 19% 73% 74% 108% 109 104% 99% 164" 100 A&O 57" 104% 105 100 102 107% 107% Utilities Co— 1st M & ref 4s ser O 1966--A&O 1st & ref 4s C 1966 (new)-A&O 107% 105% Hackensack Wat 4s'52 op'12 J&J t 106 5 Ms June 15, 1977 ser B.J&J a 107 Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935-.-M&N / 26% Hamburg (Germany) Elev Undergound & St Rys 5Ms'38-.J&D f 22% Hamilton Gas 6 Ms Aw w '37 J&D / 46 108 Harrisburg Gas 5s 1970—M&N Havana Elec Ry 5s 1952—F&A / 37% 5M8 (Sopt'31 coup on)'51-M&S / % Hempstead & Oyster Bay— Water 6% July 1 serially Hest Man & Fair Pass Ry—See P hil R T Home Tel & Tel (Ft Wayne)104% lst 6s series A 1943 J&J 1st 5 Ms series B 1955-—A&O 103% 10-year 4%s deb 1946 95 A 1951--J&D t J&D V 161 5s 1952 90 25 Gulf Coast Water 1st 5s '48-F&A Gulf Power 1st 5s 1968 A&O 99 Conv deb 4 Ms 1946 mpire District Elec Co— 1st & ref 87% /. 98 1st & ref M 3Ms 1963 101 Corp Elmira Water, Light & RR— 1st & con g 5s 1956-. M&S 103% 81 2d 6s 1954 Green 2% 64% (Germany)— M&S / 99"" 101% J&J „ 1st 5s stamped 1950 Eliz Plainf & Cent J1 See Eliz & Raritan RivVPublic Serv (Bait)— f 3 Ms 1971—J&D Pow 95 102 95% 1st 82 57 1% 62% 43% 100% Atlanta Cons St 5s 1939..J&J Atlanta Northern Ry Co— 23" 101 99 15 104% 65" Georgia Ry & Elec— 102 101 18"" 107% 100% Ga-Caro Pow 1st s f 5s '52.-J&J Georgia Power 1st 5s 1967.-M&S Georgia Power & Light Co— 1st mtge 5s 1978 J&D 1st mtge colltr 7s 1958 J&J / Adjt 6s due July 1958 A&O / Eastern Minn Pow 5 Ms 1951 M&S Eastern Oregon Lt & Power— SMsseries A 1951 M&S Edison El 111 (N Y)—See N Y G Edison Sault Elec 4Ms, 1961 A&O 16 lBt mtge 4s series C 1966—J&D Sinking una debs 5s 1946-J&D Florida Pow & Lt 1st 5s *54—J&J Florida Public Service Co— 69 88 Edison Elec Ilium of Boston— 3 Ms 1st M s f July 1. '65.J&J Ed E. IU(Bkn)See Kings Co EL&P / Pass Ry 5s May 1 1942...J&J 1 st M c~ll tr 83% 88% 88% 100 1st m5Ms 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 130 1st mtge & coll 6 Ms C55-A&0 General Water Wks & El Corp— 1 st lien & col 5s 1943 ser A. J&D Georgetown Gas Lt 1st 5s'61 F&A 100 55 % 111 Federal Water Service Corp— Conv deb 5 Ms 1954 M&N Federated Utilities Inc— 1st lien col tr 5 Ms 1957—M&S Florida Power Corp— Grand Ref m 5s 1948 B ___J&J Ref 6s Jan 1948 ser C--M&S 15 Ref 6s series D Jan 1 1948.A&O Ref 6s series E Jan 1 1948-A&O Eastern Michigan Rys— lsts f 6Ms 1950 1st lien g 6s 1942 stpd—M&S Debenture 6s 1954 ser B__ J&D Fed'l Pow & Lt 6s Nov 1. 1965— Federal St & Pleasant Valley 88" Eastern Gas & Fuel Assoc— 1st m & coll tr 4s A 1956.M&S Eastern Iowa Pow 6 Ms 1943-M&S Eastern Lt & Pow s f 5s 1964 M&N Eastern Mass Street Ry Co— Ref m 4Mb 1948 A J&J 102 50% M&S Conv deb 5s 1953 Conv deb 5 Ms 1939 General Public Utilities— 20% E. Kootenay Pow 1st 7s '42.A&0 97 East Prussian Pow 6s '53 J&D / 20 E St L & Interurb Wat 5s '42 J&J * 100 * 1st mtge 6s 1942 100 J&J 104 1 1 15 77 112% 111% 7% 7M 7 7 East Coast Pub Serv 4s 1948 F&A East Jersey St Ry 5s 1944.-M&N 128% o o 10C »0 JS JS ! 1st gold 5s 1950 J&J Dom Elec Pow 5Ms 1955—M&S Dominion Gas & El 6 Ms '45.J&J 106% 47 47 1st 5s. 1966 M&N Detroit Edison— Gen & ref 4 Ms 1961 ser D.F&A Gen & ref M 4s ser F 1965. A&O 1st mtge s f 6Ms 1952 Certificates of deposit 8 f deb g 7s 1952 106% 16% M&N Certificates of deposit Conv s f deb 6 Ms 1948---M&N Certificates of deposit Detroit 106% 84 / 24 126% 109% 108% 84 104% 106% 106% 106% M&N 107% 1st 4s series C 1955 J&J Florida Telop 1st 6s 1945—A&0 104 J&J 106 100% 1st 5s (Amer series) 1942.M&S 1st 5s (Internat ser) 1942.-M&S _ 109 Ask Erie Ltg 1st m 5s 1967. A&O 107% Erie & Suburban Ry 5s 1941 A&O / 12 Fall River El Lt 3 Ms 1968—M&N 104 Federal Light & Traction— 39 Darby Med & Ches Ry—See Phila R Tran Dawson Ry & Coal 5s 1951—J&J 101% Dayton Power & Light— 1st & ref M 3Ms 1960 108% A&O F&A / Certificates of deposit / Det & Pt Huron Shore Line— Commonwealth-Edison Co— 1st M 4s 1981 ser F. M&S 1st M 3%s ser H 1965—A&O 102 59" 57 ... A&O / Light— 99 Stamped 1st mtge 8 f 6s 1953 105M M&N 1st mtge & colltr 4s 1965.M&N 47 95% 105% 38% Stamped as to Pa tax Denver Tramway Corp— 100M Deb g 5s 1952 A&O 15 Deb 5s Jan 15. 1961 J&J 15 Columbia River Longview Bridge 1st & ref 5s 1954 ser B...M&N Columbus Ry Pow & 70" 108% F&A Dallas Ry & Ter 1st 6s 1951.J&J Bid Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 witn war M&N Eauit G & E Utica 5s 1942.A&O Erie Co Electric 6s 1959 J&J Erie Rys—1st 6s 1954 A&O 101 J&J 1st & ref 5s 1951 96 107 M Columbia Gas & Elec Corp— Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A J&D 1st mtge 5s 1966 Dallas Power & Light— 1st mtge 3Ms 1967 Bonds Empire Gas & Electric Co— Gen & ref 6s ser A 1952—J&D Empire Gas & Elec and Empire Coke jt 1st &ref 5s'4t opt.M&S m 93 80 - J&J 1st mtge g 4Mb 1969 J&J 1st mtge g 4Mb 1969 J&J Delaware Vail Util 6s 1952.M&N Denv Gas & El 1st g 5s '49--M&N 5Ms *46.J&D 6Ms stamped 1953 81% 8 7 90 iooper RivBri'geinc 1st 6s'58M&N f 78 91 Copper Dist Pow 4 Ms 1956- J&D 105 County Gas of Dallas 5s '46 A&O bounty Gas (N J) 5s Jan 1 ,1952. ,65 Crescent Public Service Co— Coll inc 6s B Oct 1 ,1954—J&D / 45 Cuban Telep conv 5s 1951 93% J&J 1st lien & ref 7 Ms 1941—M&S 96% Cumberland Co (Me) Pow & Lt— 1st mtge 3 Ms 1966 101 A&O Cumberland Gas 6s w-s 1948M&N f 36 Cumberland Valley Telephone— Delaware Power & 1st M 4Ms 1971 101 Cleve Southw Ry & Light— Gen & con 5s 1954 1 M&S f Coast Cos Gas & Elec— 109 1st s f 4sserie8 B 1965 M&S Colonial Util 5Mb 1958 34M J&D 101 Colorado Cent Pow Deb g 5s 1952 Ask Delaware Elec Power Co— Deb 5Ms 1959 M&N Colorado Power 1st 5s *53.-M&N Colo Utilities 1st 5 Ms 1958.M&S 80% < Danville Tr & Pow 1st 5s '41-J&J 69"" 75 Clarksbury-Columbus Short Route Bdge 6 Mb '52. J&D Clear Springs Water Serv— 1st 5s ser A 1958 M&S Cleveland Elec Ilium— Gen mtge 3 Ms July 1, *65.J&J Cleveland Ry 1st 5s A 1945-M&S Bid Danbury & Beth Gas 6s 1948 F&A City Gas & Elec 1st 6 Ms '51.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— 5s 1941 J&D City Water (Chattanooga)— IVA 52 J&J Pa) J&J J&J 103 33 M 56 M 32% 1st coll 4-5 Ms 1948 A&O Citizens Water (Scottdale)— 1st 5s series A 1953 Citizens Water (Washington, 5 Mb series A 1951 5s series B 1951 101% 53 F&A / Income notes 3s 1955 69 % Bonds Jontin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s *40. J&D / Continental Telep 5s 1953.-F&A Hoosac Valley Street Ry— 1st ext 6s June 1 1947—M&S Houston Elec 1st 6s B 1950.J&D Houston Gas Securs 5s 1952.M&S Houston Gulf Gas— 108 A&O M 40 30 48 39" % «. - - — 20 96% 101 _ 1st M & col 68 1943 ser A. A&O 103 103% war..A&O 100 102 Deb 6Ms 1943 with * e Called Jan. 1, 1939, at par. + Called Jan. 16 at 105. t Called April 26, 1939, at 105. a Called Jan. 1 at 107. Called Feb. 28 at 101. / This price includes accrued interest, k Last sale, n Nominal, x Called Feb. 1 at 102. c Basis. y d Called Feb. 28 at 102- Called Jan. 16 at 104. JAN., 1939] PUBLIC UTILITY BONDS 75 NOTICE—All bond prices are "and interest" except where marked "t" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Bonds Bid Houston Light & Power 1st mtge 3 Ms 1966 109 M —J&D Bid f 7s 1952 s 123 % 90 96 / 105 102"" 107 % 112M Johnstown Traction 4s Dec 102 105% 100 101 103 104"" 110 112 1st M 4Ms Cons mtge 61 105% / / 31 3s B Dec 31 1962 1st 6s series A 1942 106M 1st ref 4s series O 1957—, 102% 98% 95M 102 M 1st mtge 3 Ms ser A 196(3 Kansas Gas & Electric— 103% Deb gold 6s 2022 ser A_. 1st mtge 4Mb 1980...-Kansas Power 1st 5s 1947. 119% 104% 102% 23% 86 88* 87 102 Kansas Power & Light 99 M 85 M 83 99 M 100 M 88 87 / Kentucky Power & Light Co— 1st 5 Ms series A 1942 M 1st m 5 Ms 1948 ser B M< 86 110M 1st M 5 Ms 1955 F 107 1st M 5s 1961 series G 28 32 87 A<5 F<! ser 10 11 89 86% Kentucky Utilities Co— 1st M 6 Ms Sept *48 ser D M< 88% 101% 92% 102% 93% 90% 90 90 110% 101 IVA 90 104 102% 55M 56 M 97 55 M 102 104 10 20 J&J 95 98 86 Traction 1st 6s 1948.-F&A 60 Indianapolis Gas 5s 1952 A&O Indianapolis Power & Light— 76 M 3 Ms 1st mtge 1968 F&A 3s serial notes 1939-1941 —F&A 3 Ms serial notes 1942-1945 F&A 107 M 102 48 serial notes 100M 100 1946-1948--F&A Indianapolis Ry 5s, 1967 J&J 50 Indianapolis Water— 1st mtge 3 Ms 1966 Indianapolis W W Sec Co— J&J 106 J&J 93 56 -—F&A Certificates of deposit Sinking fund deb 7s 1938.F&A Inland Pow & L s f 6s '36 A.M&S j Coll tr s f 6s 1941 ser .B—.M&N / / Deb s f 7s 1935 J&D / Inland Telep 1st 6s 1948 A&O Inter borough Rapid Transit—■ 56 12 13 13 13 5M 87% 96% 98 Keystone Pub Serv— 1st M 5s 1978 B 63 Keystone Telephone Co— 79 90 92 1st & ref 5%s 1955 ser A.-J&D 95 1st 1 & ref 6s 1951 ser B—A&O 107 % Kings County Elec Lt & Power— 163 165 Purch money 6s g 1997.-A&O Dec. 6 Edison El 111 Blkyn 4s '39.J&J k 100 KingsCoElev—See Bklyn-Queens 53 105 Kings Co Gas & HI 1st 5s '40 A&O 98 98% Kings Co Ltg 1st ref 5s '54—J&J 107 M 1st ref 6Ms 1954 102 104 J&J 98 Kingsh'way Bdge 6%s 1962.A&0 98 Kokomo Water Works— 59 1st 5s ser A 1958 J&D 105% 59 Lackawanna & Wyoming Val RK 14 10 1st 5s 1951 F&A / 8 14 2 Debentures 6s 1948 F&A / 1% 14 Laclede Gas Lt 5s 1939 80% 80% A&O 14 1st M coll tr 5M8 '53 ser C F&A 44% 5M 1st col&ref 5Msl960 ser D F&A 43% 63 La 1948.-J&J 103 10 66 69 M Lake Shore Elec Ry 6s 1933.J&J General 5s 1933 F&A Lake Sh Gas 1st 5 Ms 1950--M&N Lake Superior Dist Pow— 64 % 65M 36 M&S Intercontlnents Power Co-— Debs A 6s 1948 J&D 1M International Hydro-Elec System A&O w 74% 99 Internat'l Pow Ltd 6%s 1957M&S Deb 6s 1957 M&S 75 ser F&A B 1942—F&A A 1942 Crosse Telep 5Ms 1st mtge 3Ms ser A 1966.-A&O Lancaster Co Ry & Lt 5s 1951 J&J Lehigh Power Securities— Deb g 6s 2026 ser A Lehigh Valley Transit— F&A 101M F&A 49 53 Sec 7s 1952 ser F J&J15 International Railway (Buffalo)- 49 57 Lexington Ry 1st 5s 1949 78 International Telep & Teleg— Deb g 4 Ms 1952 —.J&J Conv deb 4%* 1939 J&J 83 37 J&D Internat Ryref5s *62op_M&N 40 65 M 99% F&A 69 59 63 M 48 57 M 39M 10 76 A&O 76 M % 103 M Interstate Tel & Tel 5 Ms 1953J&J Investors Telephone 3s 1961-J&J Iowa Electric Co— 99 55 J&J 90 M 4% notes to 1946 A&O 82 Iowa El Lt & Pr 7s ser O '42.F&A 113 M 1st mtge 4s ser E 1955 J&D 105 M Iowa-Ill Telep 2-5%s 1949-.A&0 / — Iowa-Nebraska Lt & Power— 1st lien & ref 5s'57ser A..M&N 1st 1 & ref 5s 1961 ser B._.M&S M&N 15 99 M 82 M 98 F&A / Debenture 6s 1960 M&N Iowa Southern Utilities— 1st & ref 5 Ms 1950. J&J 1st & ref 5Ms July 1 '50.M&N 40 81% 1st & ref 5s 1956 ser D J&D 1st & ref 4Mb 1968ser F..M&S Iowa Pow & Lt 1st 4Mb 1958 M&S Iowa Pub Serv 1st 5s 1957—J&D Deb 5s 1968 M&S 1st mtge 5 Ms 1959 M&S ,66M 68 Int-State Bridge 4-6 Ms *50 M&N Interstate Gas & El 6s 1951. .J&D Interstate Power 1st 5s 1957.J&J Deb gold 6s 1952 J&J Interstate P 8 (Ark) 6s 1940 M&S / Interstate Pub Serv Co— 1st & ref 6Ms 1949 ser B—J&J A 1961 99 105 100 57 91% 114 39 Lincoln Pub Serv 5s 1939 J&J Lockhart Power 4 Ms 1955.-J&D Lombard Elec Co (Italy)— 1st extl 7s 1952...... J&D Lone Star Gas 3Ms debs '53 F&A Long Beach Gas 1st 5s '56 J&D Long Island Lighting— Secured g 6s 1945. J&J Conv deb g5Ms *52 ser A. A&O Long Island Water 5 Ms '55 M&N Los Ang Pac Co—See PaC El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Oorp— 1st & ref s f g 5s 1940 J&D Los Angeles Ry 5s 1938..A&0 Los Ang Trac 1st cons 5s '38.J&D Louisiana Pow & Light Co— 1st mtge 5s 1957 ..J&D Louisville Gas & Elec Co (Ky)— 1st & ref M 3%s 1966 M&S Louisv Ltg 5s '53 unstmpd-.A&O Louisv Ry cons ext 5%s 1940J&J 110 106% 107% 78 81 21 102"" 99 109% 99% 67 95 30 32 35 ; 4 6 5 Ann O Manhattan Ry con 4s g '90. A&O Cent Hanover Bk ctfs of dep. 2d gold 4s 2013 J&D Manila Elec RR & Ltg Corp— 31 30% 27 % 17% _ 1st lien & colltr 5s 753 M&S Manitoba Power Co Ltd— 1st M s f 5Ms *51 ser A J&J 1st M s f 5Ms 1952 ser B..J&J / Mannheim & Palatinate Elec Cos 29 X 25 81 85 77" _J&D f 23 21 1st mtge 4M* 1952 A&O Maritime Electric 4 Ms 1956. A&O Gen sf5Ms 1956 A&O Maritime Tel & Tel— Ref & gen 6-4 Ms ser B 1966 J&J 102% Ref & gen 4s series C 1967.J&J Market Street El Pass Ry— 101 103% 99 101 99 101 108 Rapid Transit Market St Ry (San Francisco)— 1st s f 7s 1940 ser A Q Jan Maryland Light & Power— 1st M 5Ms 1950 ser A. J&J Maysville P Serv 5Ms A 1942A&0 Memphis Power & Light Co— 65 51% 97 100 88 1st & ref 5s 1948 ser A J&J 1st & ref 4Mb 1978 ser C..A&0 93 89 Memphis Street Ry— 3-5s series A1945 3-5s series B 1945 A&O 37 34 Ann April / Meridionale Electric Co— 1st s f 7s 1957 ser A A&O 13 .... 68% 69% 109% 110% 1st M 4s 1971 ser E 1st mtge 4s ser G 1965 M&N 106 107 M&N Metrop Edison Corp 6s '61-M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 1st gold 4s 1938 F&A 108 108% 85 Income deb 6s (w-s) Mar 1952 11% 6% Exten gold 4s 1938 J&J Mexican El L 1st M g 5s '42.J&J Mex Lt & Pow 1st 5s '40 s f__F&A Mexican Utilities 7s 1939 A&O Miami rlridge— 2i* 6 . \ 23 21 34 f 23 38 50 Michigan Associated Telep Co— 1st M 5s 1961 A&O 104 1st mtge 4s ser A1968 M&N Mich Fuel & Lt 6s A 1950... J&D 105 4% 1939-1948 & Elec Co— 1st & ref 6s 1943 1st M 5s 1956. F&A notes 105% 55 Michigan Consolidated Gas— 1st mtge 4s 1963 M&S 96 101% to 96% 97% Michigan Gas M&S 99 J&D 92 100 93 Michigan Public Service Co— ser A&O A Middle States Util 6s A 1951 A&O Middle West'n Telep 6s '43--J&J Middlesex Elec Lt Pow 5s '55 J&J Middlesex & Somerset Trac— 5s 1950... J&J 99% 59 84 88 124 82 107 31 99 32 99% Minneapolis Gas Light Co— 104 101 105 M&N 104% 99% 104% 99% ..M&S 82% Mississippi Power Co— 1st & ref 5s 1955 J&D 1st 4-5s 1956 A&O 100 1st mtge 3%s 1966.J&D [Issouri Public Service Co— 1st s f 5s 1960 .F&A [issouri Telephone— T-1,-1 oc o OO ^ 00 83 CO £ O0 78 89 108% 90" ~ 80 [issouri Power & Light— 100% 53 54 106 105% 37 4 %s series O M&S 1961 103% 73 104% 74% 102% 8 90 92 76 87 105% 1st 5s 1956 A&O 1st cum inc 9s ser A '56.-A&O 74 Income 7s 1956 103 62 - ..A&O 90 61 90 86 Debenture 6s 2031 93"" 91 1st M 5s 1949 106% 108 108% 120 100 99 F&A 96 94 106 M&S 90" " A&O 95 93 102 J&D fonongahela Valley Water— 1st M 5%s 1950 series A..J&J Cunongahela West Penn Pub Ser 1st & gen mtge 4%s i960.A&O Debenture 6s 1965 A&O font Cities Gas 7s A 1937—M&N fontana-Dakota Power— Ext 1st 5%s-6%s 1944 J&J fontana-Dakota Utilities— Conv deb 4%s 1946 fontana Power— 96 M 98 M 97 82 20 A&O 68% 1st mtge 4Ms ser A 1966-M&S 101 Lower Austrian Hydro-Elec— 1st s f g 6 Ms 1944 F&A / 24 Lower St Lawrence Power— 1st sf 5s ser A 1955 97 A&O 98" A&O 6-5 105 105 96 93 4 An Oct ississippi River Pow 5s '51 .J&J Deb 5s May 1. 1947 M&N 101 - 104 104M 92 90 102% ississippi Power & Light— 100 2d 4Mb 1940. General 5s 1950-Lowell Gas Light— 90 102 % 103 Terminal— Ms serA 1941 1st M 5s 1957 100M 100% 105 f 6 1st income 3-6s 1957 Gen s f 7s ww 1941 2d income 4s 1963 1st mtge 4s 1950 J&D Minnesota Nor Pr jt 6s 1944 A&O Minnesota Power & Light Co— 1st & ref 5s 1955 J&D 46 100 100 • 110% 103 X 103% Middlesex Water 5%s 1957.A&O Midland Util deb 6s 1938...M&S Milwaukee Gas Light Co— 1st M 4%s 1967. M&S 100 Lexington Buff Trac 1st 5s 1948 1st M 5s 1961 J&D (Ky) Tel— 1st M 6s ww 1944 M&S Lexington Util 1st 5s 1952..F&A LexingtonWat PowColst5s'68J&J Conv deb 5%s 1953 J&J Lincoln Gas & Elec 5s 1941.-J&D 108% 108 M&S 1st & ref 4%s 1978 f mtge 6 Ms 1946 M&N f Lewiston Gas Lt 3 Ms C '56.A&O Interstate Rys 4s 1943 Interstate Telep Co— l\H 70 Leipzig Overland Power— 8 108 J&J 5 Ms series B 1964 s 108 % M&S Macon Gas 1st mtge 4Ms '52. J&D Macon Ry & Light 1st 5s '53-J&J Madison Rys 1st g 5s 1936..M&N 1st g 5s 1947 46 75 54 Deb 5s 1955. 18* 45 49 E 45 78 1st extend 4s 1945:::..—J&D Ref & impt g 5s 1960 J&D 1st extend 5s 1945 J&D 96 Debentures 6s 1955 J&J International Power Sec Corp—6 M % sec bonds 1955 ser C J&D ser 6s coll notes 58 M 37 M uui/tw Certificates of deposit Conv g 7% note 1932 Certificates of deposit 80 62 1st & ref g 5s *66 op tax-ex.J&J Certificates of deposit 75 6s coll notes 108 Metropolitan Edison Co— 99 J&D 21 f 1st M 4%s 1968 ser D...M&S 99 55 Indianapolis Columbus & South¬ A 110% / 106 M Indiana Service Corp—c 1st & ref M 5s Jan 1,1950.J&J 1st 1& ref 5s 1963 F&A Indiana & S W Gas & Util— ser Ask See Phila Otfs indebt 2s 1958 84% 109% Indiana & Mich El 5s 1957--F&A 1st & ref 5s 1955 M&S Indiana Pr 1st 7Ms *41 A .M&N Indiana Ry & Lt 1st 5s 1943.J&J 1950 105 60 Kentucky Fuel Gas Corp— 1st 6Ms 1942 with warr—JJ Kentucky-Ohio Gas Co— 83 97 Indiana Hydro-Elec Power— 1st mtge 5s 1958 ser A M&N Deb 6s 120% 103% 110% M&N / f 7s 1948— 15-year s f 7s 1941 Marion-Reserve Power— 105 Co- 107 1st M 6s 1947 series A M&N 1st M 6 Ms 1953 series B—F&A 1st M 5s 1951 series O M&S Indiana Gas Utilities 5s 1946.J&J ser 24% Kansas Elec Power— Indiana Electric Corp— 1st 4s "5"" Kansas City Pub Service— 1st mtge 4%s ser B 1965—A&O Indiana Central Telep Co— ser 25 3 105% Illinois Water Service Qo— 1st mtge 5s 1952 series A..J&J Indiana Assoc Telegraph— Sec 7s 1957 105% 105% 1961 ser O.—-J* Jer City Hob & Pat—See P S Ct 99 s Debenture 7s 1944 1st 101M 1st & ref 5%s 1954 ser B-J&D 1st & ref 5b 1956ser C J&D 8 f deb 5,Ms 1957 M&S w 38 112 lst&ref5s 1957 opt A&O Illinois Power & Light Corp— 1st & ref 68 1953 series A..A&O Conv deb 6s 1944 36 105 107M Illinois Commercial Telep— 1st 5s series A 1948 M&S 1st mtge 5s 1960 ser B M&S 111 Community Tel 6s 1949.-J&J Illinois Northern Utilities Co— 7c 2% 104 M 101 1st M Luzerne Co (Pa) Gas & Elec— 1st ref&imp g 5s'48 op'13 A&O Manchester 121 101M A&O i% James River Bridge Corp— 103 M 119 A&O C 40 r/ 102M 2Mb 1942 Secured 5s 1958. Inland Gas 6%s 1938 93 39 99 3 Ms 1953 F&A Idaho Power 1st 3 Ms 1967..A&0 Illinois Bell Tel 3 Ms B 70—A&O ser Bid MacLaren-Que Pow 5Ms Febl'61 J& lst 6s series A 1956 Jacksonv (Fla) Gas— 104% 103 M Coll tr 6s 1957 Bonds 1st & ref 6s 1954 105% Jackson County (Mo) Lt H & P- 101 A&O 6% conv notes 1940 Indiana Telep 5s A 1960 43 124% 63 3 Ms 1947 1st lien coll 5 Ms 1938 58 60 41 1st M 49 58% 103 Hydro El Bond & Sh 5s 1957M&N Hydro El Corp (Va) 5s 1958.J&D Hydro Elec Power Commission (Ontario) 3%s 1943 J&J 4%s due Jan 1. 1970 J&J ern Ask Island Gas & Electric— A&O C 1962 110 103 Hunt'g'n Wat 1st M 6s 54A M&S 1st M 5s 1954 ser B—_M&S ser Bonds Luneburg Pow L & W Houston Natural Gas Oorp— 1st m coll 6s '43 with warr. J&D Hudson Co Gas 5s g 1949.-M&N Hudson River Trac 5s 1950.M&S 1st 5s Ask 1st & ref mtge 3%s 1966..J&D deb 1939 conv 1st & coll s 1st & coll f 3%s 1956 3%s 1973 o o o o S3K 99% J&J F&A J&J 108% 100% 100 83% A&O 100 3% 117 102% 96% 104% 50% 104% 101 99 51 105% 101% t t Called Jan. 10,1939, at 104. b Basis. / This price includes accrued interest, k Last sale, n Nominal, r Canadian price. r 76 PUBLIC UTILITY BONDS NOTICE—All bond prices are "and interest" except where marked "t'* Quotations for al securities are as near as possible for the closing day of the * Bid Bonds Montreal Tramways— 1st & ref g 5s 1941 opt.---J&J Gen & ref 5s 1955 series A. A&O Gen & ref 5s 1955 ser B—A&O Gen & ref s f 4 Ms *55 ser O A&O Gen & ref 5s 1955 ser D_A&0 Ask 96 M 99 71M 71M ■71M 105M Morgantown Water 5s 1965--J&J 70 Mount Hope Bridge 5s 1969-J&D 17 2d income 8s Dec 15 1969--.. / Mountain States Power Co— 1st & ref 5s 1938. -J&J 1st M 6s 1938 series B J&J Mountain States Tel & Tel—■ 80" 73" 19 _ „ 94 97 95 M 97 M 105 M 105 M 1968----J&D Muncie Wat Works 5s 1965-M&N Municipal Gas & El Oorp of Recklnghausen 7sl947 —J&D / Mut Fuel Gas-See Peoples GL&O 20 M Mutual Un Tel—See West Un Tel Narrangansett Elec Co— 1st mtge 3 Ms 1966 107 M J&J Nashville Gas & Heating Co— 1st 5s 1951 M&N Nashville Railway & Light— 88 - 107 M 90 M _ 107 Cojts gi5s 1953opt 1908—J&J Ref & dp gold 5s 1958 J&J Nassa\EKRK—See Bklyn Queens Nassau&rSuff Ltge 5s 1945—F&A 93 74 76 National Electric Power Go— 1M / 5s stamped 1978 J&J Not Gas & El Oorp 5s 1953-F&A 5s series B 1947 J&D Nat Lt & Pow 6s 1949—-M&N Nat Pow & L deb 6s 2026 A.F&A Deb 5s 2030 ser B M&N Nat Public Service Oorp— Debenture gold 5s 1978—F&A Certificates of deposit-—-— Nat Toll Bridge 6s stmp '39-J&J Nebraska Pow 1st 4Ms 1981-J&D Deb 6s 2022 M&S Nev Calif Elec 1st 5s 1956—-A&O Deb 6s July 1941— J&J New Amsterdam Gas—See N Y GELH&P _ olK 89 89 91"" 97 M 92 M 93 M 99 H . / / / 40 35 36 38 % wy* 108" 116M 76 78 98 Newark Cons Gas con 5s *48.J&D Newark Gas 6s Apr 1 1944--Q-J New Brunswick (NJ) Lt H & Pow 4s Dec 15 1939 J&D Newcastle (City of) W 5s *41 J&D New England G & E Association Deb g 5s 1947 M&S Oonv deb 5s 1948 -J&D Conv deb 5s 1950 -—M&N Convertible deb 5s 1962—J&J New Engl Pow Assn 5s 1948.A&0 JDet/SMs 1954 J&D New England Power— 3 series A 1961 —M&N New England Tel & Tel— 1st 5s 1952 series A J&D 1st 4 Ms 1961 ser B M&N Newfoundland Light & Power— lets f 4Ms 1956 —J&J New Haven Water— 1st & ref 4Ms B 1970——A&O 1st & ref 4Mb O 1981—M&S 4Mb 1983— M&N N J & Hud Riv Ry & Ferry— 1st gold 4s 1950———M&S N J Pow & Lt 1st 4Ms '60--A&O New Jersey Water Co— 100 122 M 120 102 — 101M 54 M 55 M MPs 54 53 M 55M 90 % 93 93 M 107 H 108 M , 124 M _ 123 M 125 124 103 M 108 M 109 93 M 1st & ref 5s 1955 ser Pacific Elec Ry g 5s 1942 106 M 103 H 103 M 105 M 32 105 103 H 96 M 96 M 106 M 106 106 M 2 3 98 100 45 47 M 107 M 106M 76 52 78 96 100 55 r 101M ---_ 111M 114 116 U7M 57 61 108 M 99"" 98 New Mexico Power— 87 pP lst mtge 5s 1958 New Orleans City & Lake— 105 :::: 105 1/ 14M 102 M 103 M 100 M »/ 92 Newport & Fall River St Ry— 4 Ms 1954 -J& Newport Gas Lt 5s A 1961—J&. Newp News & Hamp Ry G & E- 105 104 105 100 87 85 lst 5s series B 1951. 89 101M 102 M 99 M Y & East River GasN Y G E L H &»P New York Edison Go— N 105M 107 % 105 M 22 25 75M 76 M 56 107 M 108 M N Y Gas Elec L H & P Oolst g 5s Dec. 1 1948 108 125 M 80 98 H 100 67 M 105 99 100 108M 106 M 106 M 101 102 M 106 101M 103 M 101M 102M 119 105M 105M r lis 121 r 112 J& NY&Westch Ltg 4s 2004-J& r Deb g 5s 1954 op guar—J& N Y Power & Light Oorp— 1st mtge 4Mb 1967 A& ) N Y & Queens Elec Lt & Pow— 1st & cons M 3 Ms 1965..M&' r New York Rys Corp— 112 Ohio Valley Water 5s 1954-_-J&J Ohio Water Serv 5s A 1958-F&A 105 109 % 110M r 104 105 M 1st mtge 3 Ms 1966 J&D Debentures 4s 1946 J&D Oklahoma Natural Gas— 1st mtge 4Ms ser A 1951-M&N Conv deb 5s 1946 —M&N Oklahoma Power & Water—■ 1st M 5s 1948 ser A— F&A Prior lien 6s stpd 1958——J& Adj Income 6s Jan 1 1965--Aj f 106 M / Bleeck St & F F 1st 4s '50-J& If B'way & 7th Ave 5s 1943. J& >/ 107 M 40 30 9 N. Y. & Richmond Gas Co— 1st ref M 6s 1951 ser A—M&: r 88 M 92 N Y State El & Gas Corp— i 3 1st 4Mb 1960 New York State Rys- 92 M 98 3 If 1/ 101M 100 M 100M 38 * Called Jan. 1 at 102. b Basis. 3H J&J 1943 1st 5s series B 1949----—F&A Oklahoma Ry 1st & ref 5s 4!-J&J Income 5s 1990 Apr 1 / Old Dominion Pow 5s May 15 '51 Omaha & Council Bluffs St Ry— 1st extd 4s 1947— -J&J Ontario Pow 5s *43 99^ Ontario Transmission Go Ltd— 1st gu g 5s '45 opt bef '16-M&N op to '13.F&A 103 M 107 106 M 104 M 104 M 105 106 M 105 M 107 105 M Electric Co, Pennsylvania Gas & Elec Co— IstL&Ry 5s 1958— ^6M 97 103 M 104 _ A—M&S 84 86 M&S 77 79 Pennsylvania Gas & Elec Corp— Deb gold 6s 1970 ser A.— M&S Pennsylvania Pow & Light Co— 1st M 4 Ms 1981 A&O Pennsylvania State Water Corp— 1st coll trust 4 Ms 1968—M&N Penn Telep 1st M 4s 1965—A&O Penn Water 1st 3 Ms A *67—F&A Penn Water & Pow a f 5s '40. J&J 1st ref 4 Ms 1968 ser B M&S Penn Wat Serv 5s ser A '67-F&A 80 105 M 1960 4s — — - 104 M 108 72 11 15 116M 112M 91M 93 M 114M 113 H 95 96 10 11 79M 81M 95 —— 100 M -M&N M&N F&A 101 100 M Prior lien 5s 1948 86 M 103 M 101M _ 5s'50A&0 United Trac 5s 1997 ctfs—J&J West End Trac con 5s '38-J&J So Trac 1st & coll tr g Philadelphia Electric— 1st & ref mtge 3 Msl967—M&S Philadelphia Elec Power Co— 1st mtge 5Ms 1972 -F&A Phila & Garretsford St Ry— / 98 M 98 H uln 110M 68 W 6M "8M 8 9 „ —-F&A Philadelphia Rapid Transit—■ Coll tr g 5s 1957 opt s f—F&A 1st 5s 1955 91M S f guar 90 M 37 6s gold 1962 1st m r e 6s 1944 58 M 7M 60-M 63 M 65 M Darby Media & Ches St Ry-— 1st 4Ms 1936 —J&J Hest Mantua & Fairm— 1st extd 5Msl939-—-M&N Market Street Elev Pass Ry—; 1st g gu 4s 1955. M&N Union Traction— Elec & Peo 4s tr ctfs '45-A&0 112M 113 5s 1962— M&S M&S —__J&J People's Traction Go— P P Ry tr ctfs 4s 43-F&A / Union Traction 4s 1952-J&J n 82"" 68 64 . 89 k Last sale, 104 M 78 62 1st lien 6s A 1949 w w—F&A Peoria Water Works Co— 1st consol 4s 1948-.--—M&N 90M 110 107 M 104 J&D Peoples Tract—See Phila R T Peoples Water Service (Md)- 83 105 M 97 M 106 M Refunding gold 5s 1947--M&S ser B—-J&J 1st & ref mtge 4s ser D *61 - J&D Mutual Fuel Gas g 5s' 47 M&N Peoples Light & Power Corp—• 1st lien 5 Ms 1941-— -J&J Conv deb 5s 1979— J&J / Peoples Light & Power Co— 1st lien coll 3 6s 1901 J&J Peoples Telep (Butler, Pa)—„ . 102 H — 98M Penn Public Service Oorp— 1st & ref 68 ser O 1947—-M&N 1st & ref 5s series D 1954-J&D 4M 4M / This price includes accrued interest, 94M 103 92 105 M 102 M 35 92 M 100 97 100 M 91 83 60 105 M 100 M ■28 92 -F&A 5_Ms I960- _ 100 76 24 Philadelphia Company— Secured gold 5s 1967———J&D Ardmore Street 5s 1958--A&O Duquesne Lt 1st 3 Ms *65-J&D Duquesne Trac 1st 5s *30-J&J Plttsb Rys 5s 1953 A&O 2d Ave Tr 1st 5s 1934 J&D 81 93 M 99 3H 7 Ms 1st coll 1st con 5s 1948 1st & ref 5s 1950- Oklahoma Gas & Electric— 112M Con 5s 1945 Ohio Valley Gas Oorp— 1st 6 Ms 1943 (with warr) 71 Penn-Ohio Edison Co— Deb g 6s 1950 ser A ex-w-M&N Deb 5 Ms 1959 ser B F&A 103 4s 1945-1947 -F&A Oh^o River Bridge! & Ferry—■ 1st 5s 1942 J&J Ohio Term (Cleve) 6s 1947--J&D 95 Light Co Penn-Jersey Water— 106 H 105M F&A 116M 134M Pecos Valley Power & 103 . 78 106 106 M 108 M 109 122 1st & ref 4s 1981 20 14 77M 108 lstsf5Msl960———J&D Peoples G & Fuel 6 Ms ww*37 A&O People's G L & Coke, Chicago—1st cons g 6s 1943--A&O 108 104 F&A 116M 134 M A&O 12 75 M Peoples Gas (N J) 1st 5s '68-J&D , -F&A F&A 115 104 M 108 M 99 M 1st 1 & ref 5 Ms '55 ser 106 M Ohio Public Service Co— 3M-3Ms 1941-42 3 Ms 1943-1944 - 1st & ref 4s 1971 ser F M&N 1st & ref 5s ser H 1962.—A&O „ - 113 M 104 Ref mtge 3 Ms ser O 1960-J&D Parr Shoals Pow 5s 1952 A&O Paterson & Passaic Gas & Elec Pennsylvania 11 . 1st mtge 4s, 1962 Notes— 3s 1939-1940 Ms ser B I960- 109M 106 % Penn Central Light & Power Co 1st & ref 4 Ms 1977 M&N 1st 5s 1979——— M&N 107 M Oberpfalz Elec 7s 1946 . J&D Ogden Gas 5s 1945— M&N Ohio Assoc Telep 4 Ms 1966-J&D 103 Ohio Cent Telep 1st 6s '47--J&J 104 Ohio Cities Water Corp— 102 1st M coll tr 5Ms '53 ser A-J&J 93 Ohio Edison 1st & con 4s '65 M&N 1st mtge 4s 1967M&S 1st mtge 3Ms 1972—-—--J&J Ohio Elec Pow 1st M 5s 57 J&D Ohio L & Pow 1st 5s 1944--M&N 106 Ohio Pow 1st & ref 5s 1952 B J&J Deb g 6s 2024 J&D §6"" 1st mtge 3 Ms 1968--A&O 109 106 H 1st extended 6Ms 1950—M&N Non-cum inc deb 6s 1950-M&N f 18 N'west Cities Gas 6s 1949-—J&'J Northwest Louisiana Gas— 1st M 6Ms 1936 with warr.J&D / 8 Northwestern Electric— 1st 6s stamped 1945 M&N 104% Northwestern Elevated (Chic)— 1st mtge 5s 1941 optM&S f 8*/ Union El (Loop) 5s g*45—A&O Northwestern Light & Power— 6s series B 1950— —F&A Northwestern Power Co Ltd— 62 1st M s f conv 6s *60 ser A-J&J f 62 Certificates of deposit--. Northwestern Pub Serv Co— 97 M 1st M 5s ser A 1957 J&J N'western Teleg 1st 4 Ms '44-J&J Northwestern Utilities, Ltd-— ' 96 1st ref 6-7s ser A 1949 J&D Nova Scotia Light & Power Co 101 1st M s f 4s 1957—— J&D NY PA NJ Utilities— 65 Deb 5s 1956 —-f&A — Ref mtgle3 113M 112 Paterson Ry—See Pub Serv Corp Pecos Valley Gasext6Ms '44M&N 104 M 104 M 15M 52 113M Oonv deb 6s 1950 -M&S / PaclficPower & Light Co— 1st M 5s 1955— F&A Pacific Teleph & Telegraph— 106 M 104 M „ _ 35 53 consol gold 5s 1949 M&S Paterson & State Line Traction5s 1964 J&J 102 May 1 '69 102 44 48 1st & ref M 3 Ms ser 11960-J&D Pacific Light & Power Co— 1st 5s, 1942 J&J Pac Ltg Oorp deb 4Mb 1945-A&0 Pacific Northwest Pub Serv— 106 129 123 M J&J 103 M 33 - 105M Northern Utilities Co— 1st lien 4-68 1968 —M&N _ 101M 102 101 41 1st ref g 4s 1950 opt *15—J&J Los Angeles Pacific KR— 1st & ref mtge 5s 1943.M&S Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 1st & ref M 4s ser G 1964--J&D 1st & ref M 3 Ms ser H '61 J&D 107 M 63 M 105 Los Angeles Pacific Co— 105 M 60 106 103 J&J M&S 100 107 104 M 90 100 103 1st mtge 4s 1961--. J&J Ozark Power & Water Co— 1st sf 5s 1952 __M&S Pacific Coast Power 5s 1940-M&S Refunding 5s 1901— Northern N Y Utilities Inc— 1st lien & ref 7s 1946 A—M&N 1st lien & ref 6s 1947 B—M&N Northern Okla Gas 1st 5s '46-J&J Northern Penna Power Co— 1st & ref 5s 1956 ser A—-J&D 1st & ref 5s 1962 —A&O Northern States Power Co— 1st & ref M 3 Ms 1967—-F&A Northern Texas Elec Co— 8 freg income 3-6 Ms 86 105 51 105M Ask 98 M Ref & coll tr 4s 1957——A&O 5? 50 48 - f g 5s 1940 opt 1st M 5s 1957 ser A J&D Ottawa El Ry 4Ms *48-'55.J&J Ottawa Light Heat & Power— Ref & colltr 3-3 Ms '39-48 A&O . 1st coll & ref 5Ms *48 ser A-J&J North Penn Gas Co— 1st M & lien 5Ms 1957—M&N North Shore Gas Co of Illinois— Joint 1st mtge 4s ser A '42-J&J North Texas Co 3-6s 1957 J&J N'eastern Wat & El 6s 54— F&A Northern III Water 6s 1952J&J North Ind Gas & El 6s '52—M&N Northern Ind Pub Serv— 1st & ref 5s 1966 ser O —M&N 1st & ref 5s 1969 ser D—M&S 1st & ref M 4 Ms 1970 ser E J&D Nor Indiana Telep 4 Ms '55-M&N s 99 Ottawa Valley Power Co— 1st Ms f 5 Ms 1970 A&O Otter Tail Power Co (Minn)— 108 1st mtge 6 Ms 1953 —J&J Norf &iPorts Bdge 6 Ms '47--F North American Co.— Deb 5s 1961— F&A North American Edison Co—■ Conv deb 5s 1957 ser A—M&S Deb 5M8 1963 ser B F&A15 Deb 5s Nov 15 *69 ser O M&N15 Nor Amer Gas & El 6s 1949-.J&J North Amer Light & Power Co— Sfdeb 5 Ms 1956 —J&J North Boston Ltg Properties 3 Ms secured notes 1947 A&O North Carolina Gas 6s 48—M&N North Central Gas 5 Ms 1955 A&O North Continent Utilities Corp— Coll tr 95 M 110M A--—A&O - Bid ^ See N Y Gas Elec Lt & Pow Niagara Falls Power— 1st & ref 3 Ms 1966——M&S Niagara Lockport & Ont Power— _ „ 1st s f 7s 1946— A New Orleans Pub Service Co- 101M 103 M 1st M 5s 1951 ser A -M&N N Y & Westchester Lighting- Bonds Oregon Elec Ry 3s 1958 M&S Oregon-Washington Water Serv— Ask 101H Ref mtge 3 Ms ser B 1967--J&J N Y Water Service Oorp— Nippon Elec Pow Ltd (Japan)— . 30-yr 3 Ms debs Bid Bonds New York Steam Oorp— 1st mtge 3 Ms gtd 1963—J&J N Y Tel 1st 4 Ms '39 tax ex_M&N and Income and defaulted bonds month preceding the date of issue Nominal, r Canadian price. 110 H 110M 11VA 112 M 44 75 77 76 77 74 M 90 76 93 21 50 90 M 7M 11 90 92 M 8 13 77 UTILITY BONDS PUBLIC JAN., 1939] prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All bond Bid Bonds 1st s M&S f 4s 1965 108 108M Phlla & West Chester Traction— J&J J&J 31 34 42 46 1960-J&J Hydro-El Co (Italy) 5 1st 4s 1954. 1st 6s 1954 Phlla & Western Ry 5s Piedmont 1st & ref s16Ms I960 ser A A&O Pinellas Wat Co'5 Ms 1959-M&S 7 v 51 50 100 1937 Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv 7M 1st 1 & ref 5s 1958 M&S Pittsburgh Trac 1st 5s 1927-A&0 Plainfleld St Ry 6s 1942 J&J Plainfield-Un Wat 5s A '61.M&M 102 M Pitts Canonsburg & Wash 5s Elec 1953.-M&N f 6s St Clair County Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 107 23 M 18M Henry L H & P 1st 5s '46-F&A 1254 Portland Elec Pow 6s 1950-M&S Portland (Ore) Gas & Coke— 1st & ref g 5s *40 opt '20_-J&J 1st l'n & gen 4 Ms 1940—J&J Portland Gas Co 1st 5s 1951-P&A Portland (Me) Gas L 5s A'50 A&O Portland General Elec Co— 1st & ref 4Mb 1960 M&S J&J 1st M 5s exten to 1950 Portland (Me) RR 3 Ms 1951-J&J 1st 1 & con m 5s 1945—M&N 63* 6454 102 M 80 103 M 63 59 58 105 107 65 63 15 M&N A&O 107 M 109 108 111 1st mtge 3 Ms 1966 J&J Power Corp of Canada Ltd— Conv deb 4Ms 1959 Ser B-M&S 108 M 108M Conv deb 5s ser A 1957 J&D Power Secur coll tr 6s '49__J&D 103 M 100 M Potomac El Pow— 102 M 10054 & P 5s '46-M&S 10654 1st mtge 3Ms ser A 1961—J&D Santa Barb Tel 3 Ms ser C'66 J&J 23" 38M Ry debenture 4Ms 1943..J&D Savannah & AtlantaRy— 1st 108 108 Savannah Elec Co 5s g '52.J&J Sayre (Pa) Elec 5s 1947. A&O Schenectady Ry 1st 5s Mar 1, '46 Scioto Val Ry & Pr 1st 6s '43. J&D 106 M 10154 150 1st 4 Ms 1958 M&S Scranton-Spg Brook Water Serv— 1st & ref fig 1967 Elizabeth & Trent 5s *62-a&O 103 J O Hob & Pat 4s 1949-—M&N 58 Paterson Ry— 2d 6s "14 ext 5% to '44-A&O So Jei sey Gas El & Trac— 85 .1953-M&S 125 1st & ref 8s 2037 P Serv of Penn 1st Public 1st Utilities M 5Ms Secured 5MsA'53_J&D Consol Corp— 1938 6s 102 % 106 103." 106 M 1st coll 4-5Ms 1948 A&O Puerto Rico El Pow 4s to *56.J&J Puget Sound Power & Light— 1st & ref 5 Ms 1949 J&D 1st & ref 5s 1950 ser O M&N 1st & ref 4Ms 1950 ser D.J&D 5M% notes 1940 F&A Puget Sound Tel 5s A 1952.J&J Quebec Power— 1st & coll 4sl962 M&S Queensboro Gas & El 5s '52-J&J Conv g deb 5Ms *52 ser A-A&O Quincy El Lt & Pow 5s A*47 M&S Rapid Transit St Ry 8s 1941 .A&O Republic Nat Gas 1st 6s 1954J&J 106M 10854 144 M 210M 109 145 M 211M 52 50 J&D 1st coll trust 5s 1951 Wat Serv 1953 Extl deb 6s Union J&J / f 4M8'67 serA A&O coll tr 4M8 68 ser B.M&N 1st coll tr 4Ms ser D '70.A&O 1st coll tr 4s ser F 1961 A&O Shenango Val Water 4s B'61 A&O Shinyetsu Elec Pow (Japan)— 1st sink fund 6 Ms 1952 J&D Shrevp't Bdge & Term 5s'55.F&A Shreveport Rys— Gen income 4s Jan 1 1957-A&0 76 M 75 1st & ref 5s 1960 M&S 1st 5 Ms ser B 1957 42 55 53 Silesia Elec 98 Corp s M&S f 6Ms'46 -F&A 75M 111M 105 M 7 76 6s stmp ext May 1 *48 Debenture 6s 1951 100M 47 100 104 M 104 M 104 103 M 104 59 M F&A 5954 59 M 56 58 58 J&D 56 Standard Telephone Co— 1st 1 coll tr 5Ms *43 ser A.M&N 68 M&N 60 60 13 ser B Conv deb 6s 1938 54 79 78 48 Ry 1st 5s 1951 s f 5Ms 1971-J&J Tampa (Fla) Gas 5 Ms '56--A&O 105M 1st 103 23 21M A&O 1961 5s 95 117 125 10 12 3 2 51M 87 M 52 M 89 84 Telephone Bond & Share Co— J&D 6754 69 M 1953. M&N Temescal Water 1st 5s A '60 M&N Tennessee Eastern Elec Co— 83 1st M 5s 1943 91 93 Ref .F&A f 6s series A 1955._-M&N 68 72 95 M 95 54 5s 1st & ref 6s 1947 73 84 H 83 M J&J 1st 102 M 105 102 10754 U1M 104 M 3 Ms May 1 I960-J&J 3 Ms ser B I960.-J&J 108 M 108 % 109 109 M 106 M 109 M 106 % 109 M Rochester Central Tower Corp— Deb g 5s 1953 M&S Rochester Gas & Elec Corp— 55 65 Co— M&S F&A 98 101 1st 6s A A&O / 1939... Texas Elec Ry 5s 1947 Tex Trac 1st 5s 1937 J&J f opt--J&J f 60 95 107 M 53 108M 104 101M 10254 8 2M 3 2M 3M J&J A&0 / A&O 98 M H 99 25 M&S 1st 2-6s 1951 Texas Hydro Elec Corp— 1st mtge 6s ser A 1956 Texas Pow Corp 6s 1956 General 6 Ms 1956 Texas Power & Light— 22 24 A&O M&S 85 87 98 99 M&S 89 J&J Deb g 68 2022 ser A & ref 5s 1956 M&N Texas Pub Serv 1st 5s (w-s) 1961Texas Traction Co 5s 1937.-J&J f Southern Canada Power— 4Ms 1962 90 Texas Consumers Water— 1st A&O 1st M 4Mb I960. g 1st mtge 5s 1960 Texas Gas Util 6s 1945 11054 104 54 1st & ref 4Ms 1961 1st M & ref 4s Aug 1 '65. Southern Calif Water— M con 8954 & Light— 5s 1944 M&N Terre Haute W W Corp— 1st M 6s 1949 ser A J&D 1st M 5s 1956 ser B F&A Texarkana Wat 1st 5s '58--F&A M&S M&S Southern California Gas Terni J&D J&D Texas Electric Service Co— 3 Ms debentures 1962 A&O Southern California Edison— 80 A opt..M&N Hydro Elec 6Ms 1953-F&A Terre Haute Traction Co rp Southern Bell Telep & Teleg— 1st & ref mtge 4s 1960 Debenture 3 Ms 1945 ser 1st & ref 5s 1956. Tenn Pow gu 5s 1962 27 1st lien 6s 1944 lien 6s x-w 1941 1st s 99 Tennessee Electric Power— Southeastern Gas & Water Co— 80 5954 18 S'eastern P & L deb 6s 2025.M&S r F&A 6s gold debs 1957 Standard Power & L Corp— Deb g 6s 195/ 60 25 30 Ji 30 1, 1939, at 110. J&D F&A Telephone Service (Ohio)— 79 78 102 Nominal. 60 A&O A&O 17 27 J&D 35 65 20 F&A 1933 ctfs of dep 33 -A&O Sutter Butte Canal 6Ms '43.M&S Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D Syrac Rap Tr 1st g 5s 1946-M&S 2nd mortgage 5s 1930 J&J 39 M 72 M&S 106 101M 100 M 94 H Gen 3Ms series H 1967 97 M 104 Stettin Pub Util 7s 1946 A&O Steubenville Wellsburg & Weir ton 99 M 94 .Gen mtge 3 Ms ser I 1967-M&S Rochester & Lake Ontario Water 5sl938 M&S Roch Ry cons 5s g 1930 A&O 96 M 109M 106 M 104 H 102 M 101M 100 M 35 M 67 122M 109 M 10854 105 5954 5954 5954 5954 1st lien 6s 1948 101 J&D J&D Gen mtge4Ms 1977serD_M&S 5s series E 1962 M&S 101 Convertible notes— 6s stmp ext May 1 *48 107M 101M South Pittsburgh Water Co— 1st lien & ref 5s 1960 ser A. J&J 1st lien & ref 5s 1960 ser B.J&J lBt M 5s 1955 F&A Ref mtge Ref mtge 116 51 Standard Public Service Corp— 1st lien 6s series A 1948 F&A 99 M 45 71 105 65M 65 Debenture 6s 1966 South Jer G E & T—See Pub Serv ice 103 M 104 M 101 Stand Elec (Calif) 1st 5s '39.M&S Standard Gas & Elec of Delware S'eastern Indiana Pow 6s '43 M&N J&J 83 104 M&S 78 M M&N 25 104 102 South Carolina Power Co— 1st lien & ref 5s 1957 10554 10354 Co— Telep 10054 M F&A Southwestern States 1st M 6s 1948 77 M 76 g 4s Dec 1, 1943 J&D Bay Consol Water— 22M SIM 100M 107 20 103 M 103 B ser Stamford Water 1st 5s 1952. _J&J 101 69 F&A 1st M 5s 1957 100 Valley Gas Co— 1950 A&O 5Ms 1951 F&A Ry & El 5s 1953--F&A n 106 29 4s 1952 Called Jan. 10 103 30 1st mtge 5s Roanoke G-L * 7 101 103 67 10754 102 M M&N 1939-1945.-M&N Spokane Falls & Nor 6s 1939. J&J Spokane Gas & Fuel 5s 1944-F&A Spring Brook Water Supply— 1st ref 5s 1965 A&O Spring Val Util ref 6s 1943..J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S Springfield Terminal Ry 7s 1942 104 M 99 Rio Grande k Last sale, 106M 101 Richmond (S I) Lt & RR— 2d 5s g 106 103 M 100 lOlM 10754 Ser deb 4s A ser 101 1st ref 5s 1950. 100M 112M 10454 1st & ref M 3s Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J 27 — Roanoke 2 6sl951_J&J 104 10354 J&J Serial deb 5s 1942-46 66 63 11154 10454 B '64. J&D C 1968--J&J Deb 5s 1958 Mtge 64 M 111 63 7. Southwestern Power & Light— Deb g 6s 2022 series A M&S 19M Sioux City (la) Serv South 61M 61M Telep— 1 st & ref M 3 Ms ser Southwestern Light & Pow Co— 1st M 5s 1957 ser A F&A Somerset Lighting 5s 1939..F&A Somerset Un & Middlessex Ltg— 100M 83 42 4 Southwestern Gas & Elec Co— 11154 94M 99 H 113 81 38 1st 4s series D 1960 104)4 to 96 71 93 54 102 99 M —J&J J&J 1st mtge 4s 1966Serial deb 3s to 1941 73 69 J&D J&D 94 M 91 103 M Southwestern Bell 112 = 32 Sioux City Gas & Elec Co— 76 1947-M&S Southwestern Assoc Telep Co1st M 5s 1961. A&O Taiwan El Pow A ser 85 M 33 Power Co— Conv deb 6s ser A 1932 27 Richmond (Ind) W W Corp— 1st M 5s 1957-M&N b s Utah Southwest Telep 6s B 1st 6s series O 1947 105 -A&O 1955 7s extended 1941 68 1st coll tr 1st M&col Southern S'west Nat Gas inc 6s 1966--A&O S'west Pub Serv 6Ms 1937.-M&S M&N Rhine-Westphalia El Pr Mtge g 7s 1950 Direct mtge 6s 1952 Con mtge 6s 1953 Cons 101 Sierra Pacific Power Co— Republic Service Corp— Rhine-Ruhr 1946 M&S Shawinigan Water & Power Co— / Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N 131 A&O 1st 106 M 101 « M&S M&S 1948 conv 103 M 70" 83 M 1st M 5Ms May 1, 1960._M&S Va Pow5s 1956--F&A Second Ave Trac—See Phila Co— 102 54 67 Southside 14 Seneca Power Corp 6s 1st & ref 5s 2037 10054 49 M&S 88 A&O A&O Non-cum 6s (ws) 1951 106" 12 Seattle Lighting Co— 1st 5s 1944 Public Service Co of Nor 111— Public Service Elec & Gas Co— 1st & ref M 3 Ms 1968. J&J 103 102 63 Seattle Gas 1st 5s 1954 125 Southern United Gas Co— Seattle Elec-Seattle Everett 1st M g 5s 1939 opt 1914-.M&S 61 94 123 10-year coll s f 6s 1942—A&O 45 B1959 3sApr 1 1959 92 M 92 Gas— 113 A&O Income Union 1st & ref 5 Ms series 11945 1st & refine 5 Ms ser II'45 M&N 4s series 82 Serial debs4s Feb 1 1946--F&A Southern 104 Scranton Trans ser A 5s'59_A&0 74 101 Southern Trac—See Phila Co 78 66 Eliz & Raritan Riv 5s '54.M&N Public Service Co of Oklahoma— 1st mtge 4s ser A 1966 F&A 10554 10554 106 A...F&A ser 104 M 91M 10054 Southern Neb Pow 5 Ms B'47 J&J South N E Telep 1st 5s 1948.J&D 1st & ref 5s series B1961.F&A Eliz Plainf & Cent Jersey Ry— 1st g 5s Dec 1, 1950-—J&J Guar g 5s Marchl 109 M 101 Scranton Gas & Water Co— 98 M 104 M (Calil —-M 108 M 99 M J&J / 6sMay 1 19o5 cons Gas Corp— Adj mtge inc Jan 1 6s '60. A&O 1st M pipe line s f 4 Ms '51 A&O Savannah Elec & Power Co— 1st & ref 4a 1947 ser D—Q-Jan 1st & ref M 5s ser F 1955.M&S Counties 1st M 4Mb 1968 10054 Southern Natural Gas Sandwich Windsor & Amherstb'g 105" F&A f 1954 Public Gas &Ooke 5s 1952 J&D f 37 Public Service Co. of Colorado— lit & ref 6s 1953 series A-M&S M?103M 1st & ref 5Ms '54 ser B__M&S x 103 1st & ref 6s ser O 1961--M&N V 104 Deb 6s 1946 M&N 3 101 97 M Pub Ser of Indiana 6s 1952-F&A Public Service Co of N H— 107 1st mtge 3Ms ser O 1960--F&A 107 1st mtge 3 Ms ser D '60--M&N 105 1st 3 Ms series E 1961 F&A 1st 3 Ms series F 1966 100M J&D Public Service Corp of N J— 147 M Trust certs 6% perpet—M&N 102 Camden Sub 1st 5s 1946-J&J Southern 100 J&J 6s 1947 series A 102 106 .A&O St Louis Spring! & Peoria RR— 99 1st & ref gu g 5s '39 opt-.J&D St Paul Gas Light— 113 Gen gold 5s 1944 M&S 110 Salmon Riv Pow gu 5s 1952 F&A Salt River Val Water Users Assn 102 6s 1939-1943 F&A 102 San Angelo Telep 1st 5s 1958 F&A 105 San Antonio G & E 5s 1949.M&S San Antonio Public Service— * 119% 1st & ref 6s 1952 ser A J&J 10354 1st mtge 4s 1963 A&O b 10154 4% serial notes Apr 15 1939-48San Diego Consol Gas & Elec— 11054 1st mtge 4sMay 1 1965..M&N 104 M San Diego Co Wat 6s A '62.M&S San Francisco Bay Toll Bridge— 18 1st M sink fund 6Ms '57-M&N / 1 Debs f 7s 1942— M&N / San Joaquin Lt & Power Corp— Unif & ref 6s 1952 ser B..M&S Prussian Elec 6s 1954 1st & ref 4Mb 1980 ser E.J&J 1st & ref 4Mb 1981 ser F-a&O 1st mtge 3 Ms 1968 A&O 35" 1—' g 99 104 M San Jose Water Works Providence Gas 4s ser B 1963 F&A Provincial L H 1947 J&D 3-4Msserial notes 1939-43.J&J St Joseph Water 4s A 1966-.A&0 1st - 92 M 99 1950-M&N 97 Porto Rican Rys Ltd 5s 1962M&N 103 Porto Rico Telep 6s 1944—J&D Postal Teleg & Cable 5s '53-J&J f 14M F 1st mtge 4 Ms 43 M Southern Colorado Power Co— £ St Louis Co Gas 1st 5s 1951 Porto Rican Power 6s Potomac Edison Co— 1st mtge 5s 1956 ser E 1st M 4Ms 1961 series A&O Safe Harbor Water Pow Corp— 1st mtge s f 4Ms 1979 J&D Saguenay Elec 5 Ms A 1953..J&J Saguenay Power 4 Ms A 1966 A&O 1st 4 Ms series B 1966 A&O Serial notes 2M-4s to'46__ J&D (ill) 105 Valley Telep 6s 1947-J&J 1102 M Platte Pomorania Pt 103 M MO C11J—T' I A&O 42 M A&O 1st lien & coll 5s 1958 ..A&O 1948—M&N Gen M 4 Ms May 1st s f 4s Oct 1945 Ask Southern Cities Utilities Co— Rochester & Syracuse RR— 1st M conv 5s ctfs 1957-M&N *-s Rockford Elec Co 1st 5s '39-M&S Rome (Ga) Ry & L 5s '46 Ruhr Gas Corp 6 Ms '53 A Rumford Falls Pow— Bid Bonds Ask Bid Bonds Ask Phila Suburban Water Co— 99 54 102M 89 M 3 M 100 103 91M 4 107M 110 H 108 ]3T 20 42" 23 t Called Jan. 1, 1939, at 10254. Canadian price, w b Basis, Called Jan. 1 at 103M. * e Called Jan. 3, 1939, at 102M- Called Jan. 1 at 1.03. y / This price includes accrued interest. Called Jan. 1 at 104. z Called Jan. 1 at 101. c- 78 ' PUBLIC UTILITY BONDS NOTICE-—All bond prices ere "and interest" except where marked "f" end Income and defaulted bonds Quotations for all securities ai;e as near as possible for the closing day of the month preceding the date of issue Bid Bonds Third Avenue Ry (New \ork)—1st ref g 4s 1960 opt aft 14 J&J Adl inc g 5s Jan I960 opt—A&O Third Ave RR 1st 5s g 37.-J&J / Union Ry 1st 5s g 1942.-F&A Westchester El 1st Ss g 43-J&J Yonkers Ry 1st 5s 1946--A&0 Tide Water Power 1st 5s '79-F&A Toho Electric Power (Japan)-— 1st s f 7s 1955 ser A—M&S15 Tokyo Elec Light Oo (Japan)-— 1st g 6s 1953 series-—J&D15 Toledo Edison 3 Ms 1968 J&J Ask 39 H 38k 7H . - 88k 90 69 50 45 50 87 87 k 73 54 M — 7M 45" 55 M 106 S f deb 4s 1948J&J Traction Term'l Oorp 5s *5 7.-J&J Trenton G & El g 5s 1949__M&S Trent'n Pass Ry 1st ext 6s 61A&0 Trenton St Ry ext 5s 1968--J&J General 6s 1941..—J&D Tri-Oounty Telep4h«B 56 A&O 104 M 59" 62 124 M 123M 60 40 10 103 1 Troy Oity Ry 1st cons 6s *42 A&O Troy Gas Co 1st 5s 1939—M&N 100 M _ 50 k 58 Twin States Gas & Electric—1st 1 & ref 5M» 1945 Ser A.B 104 M Tyrol Hydro-Elec Pow Co—1st Ms f 7Ms 1955 M Guar Ujigawa Elec Power (Japai^-— 1st Ms f 7s 1945 M&S15 Union Elec Co of Missouri-— 1st mtge & coll tr 3 ks 1962 J&J 3% notesJL942-—J&J Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S Union Gas Co. of Canada-— 26 27 —. 27 75k 81 108 108 M 102 M 101 k 100 97 97 101 102 _ . _ 59 M 61M _ 52 50 99" Deb g. 6s 1975— M&N United Xt&Rys(Me)6s A'52 A&O Deb 6s 1973 J&J Un Lt Rys (Del) deb 5M8.52 F&A United Pud Uitil Corp—Conv coll tr 6s A 1960 J&J Conv colltr 5 Ms B 1960—J&j United Rys Cos 4% ctfs *49.J&J United Railways of Havana— Eq 7 Ms Feb 15 1936 F&A United Rys of St Louis— Gen g 4s July 1 1934 J&J City & Sub Pub Serv 5s '34.J&J United Securities Oo— - 102 104 5 117" 116M 84 . 101 103 103 k 104 M 75k • 76M i04k 104 73 M 74 114 U2H 82 00 86 M CO 22 63 63 27 k 85 98 M 99 M 3M 20 93 M Utah Power & Light Co— Deb 6s May 1 2022 82 M&N 1st lien gen M 5s 1944—F&A 94 k 1st lien & gen M 4 Ms 1944.F&A 94 k Utica Belt Line Street Ry— M&N 1st 5s 1939--4M Utica El L & P 1st 5s 1950—J&J 119 Utica G & El ref & ext 5s '57 J&J 123 Utica & Mohawk Valley Ry— 1st 4Mb 1941 M&S 2k Utilities Power & Light Corp— Deb g 5 Ms 1947 J&D f 66k Deb 5s 1959 F&A 66 k Utilities Public Service Co—Conv 6s 1933 J&D 6 Vermont Ltg Oorp 1st 5s'44 A&O 23 Vesten Elec Ry 7s 1947 J&D f 20 Virginia Electric & Power-— 1st & ref M 3 Ms B1968—M&S 108 Virginia Public Service Go— 1st & ref 5 Ms 1946 ser A—F&A 1st & ref 5s 1950 ser B—J&D - - 1°5H Wabash Telephone— 1st M 4Ms A 1956 Washington Gas & El Co— 1st s f 5 Ms 1947 1st M 5 Ms 19531st M 5s 1955 1st lien & ref 6s w w 5 Oo 1st & ref 6s ser O 1952—M&S Deb b f 6s 1946 F&A J&J 93k 83 94 k 94 k 102 k 106" ** 9M lk 102 102 M 103 99 103 M 108 k com 87 62 M 62 61k 95 M 21M 43 M * * --* * Allegheny Traction—See Phila Co — 80M 82 J&J —— $7 preferred$7 second 2nd pref series $0 cum pref 61M 45 M 106 k 54 Amer deprec 56" 53 107 k 82 110 83 1 107 M 107 k 106 k 100 k 99 M 108 42 45 50 55 53 58 19 23 102 M 100 117 87 M 90 89 6% preferred- 72 73 62 52 M 63 k 54 M 79 84 Cent Hud G & El * 1 par value, t Called Jan. 3, 1939, at 104M« & Basis. 14 k 58 M 9 9k 15M 1M 32 M 1 / Flat price, J* 10 50 17 M 17k 21 20k 106 M 107 % 3k » com.... 116 * ,!» 1M 2k 17 k 26 27 6M 39 M l\% Ilk k Last sale, 80 65 68 96 r 99 17 15k 1 k 7k 7 87 M 89 80 140 90 55c 82 150 _ 32 109 M 67 M M 14 110M 112M . 110 68 M 60 63 28 29 75M 77 M 88 M 87 88k 90 72 76 90 M 83 91M 85 1M lk 45 48 101 lk , 102 lk 4 2M 100 104 lk 97 2 101 k 1 k k Cincinnati Gas & Elec 5% pf 100 8 k 103 Cincinnati Gas Transp 90 Cine New 95 100 & Cov Lt & Trac.-lOO Preferred 100 Cincinnati Street Ry 50 Oincin & Suburb Bell Telep—50 - MM 70c 31M 13 M 100 ...--100 100 - —- 75 2k 87 Cities Service com-....-...--10 7M 100 * Preferred BB ——* Cities Serv Pr & Lt $6 pref * $7 preferred-* 50 k Preferred Preferred B 6k 40 M 36 T" 65 1 50 64 4M 45 55 56 100 .•MM — mm 7k 51 4k 50 60 M 60 Citizens Traction—See Phila Co n Nominal, r Canadian price, 1 x lk Ex-dividend. m, 3 90 Citizens''Pass By—See Phila R T 12k Citizens Utilities com ♦No 40 M lk 9k Z8 Cent & 8 W Util com -—50c Preferred * Prior lieu preferred— .* Central States Edison * Central States Pow & L $7 pf--* Cent Vermont Pub Serv 6% pf-* Central West Oo. v t c._ .5 Chester Water Serv 6M % prefOhic Oity & Con com part ctfs—* Pref partic ctfs.. * A—♦ * — 39 zx, 4M% preferred 100 Cent Illinois Light 4 M % pref-100 Cent 111 Pub Serv So pref---—-♦ Cent Indiana Gas 6M% pref-100 Cent Indiana Power 7% pref 100 Central Maine Pow $0 pref—-100 $7 preferred 100 Central N Y Power Corp— 5% preferred......-——100 Cent Ohio Lt & Pow 0% pf * Central Pow & Light 7% pref 100 0% preferred .—100 Series 3 Series 4 — 5k 180 12 k Chicago Rys partic ctfs ser 1—100 32 k 115 9 150 12 £1 £1 0%preferred- Series 2 1st $6 preferred —-—American Light & Traction. 23 3 7M% A ord-.£l Carolina Tel & Tel............. Cent Arkan Pub 8erv Corp pf 100 Central Elec and Tel com--—-.1 3M * 21M 2M 4k Capital Transit (Wash, DO) 100 Carolina Pow & Light $7 pref --♦ $6 preferred* 19 M * 37 lk Canada Nor Pow com Canadian Marconi 95 60 M * -.25 25 Amer Powex & Light com ♦ ll5" $6 preferred* 86 $5 preferred-* Amer Public Serv 7% pref—-100 88" American Service S3 preferred. _* 45 128 J104M 108 3k : 34 35 dep rets 6M % pref Oallf-Oregon Power Co— 6% preferred series of 1927 100 6% preferred —100 Oalif Water Serv 6% pref-—-100 100 k 102 53 a!* t c—25 Amer dep rec B ord 19k Amer Gas & Power com.. 43 M 107 % 130 52 * 20 ♦ Amer * Warrants $6 preferred-- 123 98 M 129 k ♦ Ordinary shares 115 100 112. Oable & Wireless Ltd- * 50 Amer & Foreign Pow com 98 103 M Cum income 6s (w s) 1952. J&D Wuerttemberg (Germany)—See 106 M 106 23 103 100 - 67 62 M 21 * 104 93 106 H 61 ----- 104 3M 167 M 122 45 43 Brooklyn Blclyn Manhat Transit... * $6 preferred series A * Bklyn & Queens Transit com * $6 preferred * Bklyn Teleg & Mess'ger (gu).100 Brooklyn Union Gas \——* Buffalo Niagara & East Power— $1.60 prior preferred 25 $5 1st pref * 55 107 M Ry Class B 90 106 2H 100 - Brockton Gas Light Co v 101M 105 k 102 59 k 109 ♦ - Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Oorp A 23 1.75 21M 132 _ - com Brazilian Tr Lt & Pow ord- 63 M 50c 65 Boston Elevateds 106 M 105 103 ... 4 115 167 120 Boston Edison Co 105 8 T5c* li55 -25 - -- 61 32 96 Birmingham Elec $7 pref * $0 preferredBirmingham Gas $0 pref * Birmingham Wat Wks 6% pf-100 Blackstone Vai Gas & El pref. 100 88 M 31 94 Telephone* (Canada) -100 Bell Telep of Pa 6M% pref —100 Beverly Gas & Elec., 25 61 104 k 104 k 25M 28 29 6 -100 —100 Bell 77 61M 8k 251" 3 Beauharnois Power v?4 Wisconsin Public Service Oorp— 1st mtge 4s 1961 .J&D Wolverine Pow adj 4 Ms Mar 1 '59 Worcester St Ry 5s A 1947-J&D Worcester Transit Association— Cum Income 6s 1952—-.J&D 91M Allentown Beth Gas pref 5 9 8k 6M 8k 75 1st mtge 4s ser A 1966 J&D 4s serial deb June 1 1939-1946. Alabama Water Service pref. lk 4 4 ... 96 F&A — 1 1 3 com. 105 1st mtge 3 Ms 1966 A&O Wisconsin Hydro-Elec Oo— 1st M 6s 1947 A&O Wisconsin Michigan Power Co— 1st mtge 3 Ms 1961 J&J Wisconsin Minn Light & Power— 1st & ref 5s 1944 opt '19--M&N Gen & ref 7s 1947 J&J 1st & ref 8s 1944 M&N Wisconsin Power & Light— --- 6 76 com Bangor Hydro Elec 7% preferred 6% preferred 102 95 M Gen 4-5s series A 1965 J&J Gen inc 4-5s ser B 1965—J&J Wise Elec Power 3 Ms 1968-A&0 Wise Fue I & Lt 1st 5s 1943..M&N Wisconsin Gas & Electric— $5 preferred 2k 87 74 M Atlanta Gas Light 6% pref. .100 Atlantic City Elec $6 pref— Bait Transit Co v t c Preferred v t c --..—100 Williamsport Water Co— $6 preferred 2k 84 M $4 preferred Class A. 107 M&S F&A M&N Amer Gas & Elec com M&N : M&N Alabama Power $7 pref 35 M 2k 2k Option warrants Assoc Telep Oo_Ltd $1.25 pf— Assoc Telep & Teleg $6 pre! ir .100 |7 1st preferred. PUBLIC UTILITY STKS. 55 1960-P&A 104 k 105k Consol Hydro-Elec of Wyoming Vail P S 6s 1971-A&0 Yadkin River Pow 1st 5s '41 A&O Yonkers Ry—See Third Ave Ry 3M York (Pa) Gas 1st 5s 1941-M&N York Haven Wat&P 1st 5s'51 J&D 67 York Rys 1st M * 5s '37opt.J&D 66 k 5s stamped 1947 J&D 24 M 4M 34 M _ Original preferred $4 preferred $5 preferred $0 preferred S6M preferred-$7 preferred 123 M Westphalia United El Pr (Germ) 1st M s f 6s 1953 J&J / Wheeling (W Va) Electric Co— 1st M 5s Aug 1952 ser A 34 ——— 62 M 1st M 5s 1956 ser B 1st M 5s 1960 ser G_ 3k 32 4 Associated Gas & Elec Common class A 101k 102 k 1st M 5s 1941 opt Wichita Water 6s 1949 110' 102 M 3 —10 Arkansas Pow & Lt $7 pref-—. 0% preferred.. 75 M&N f 6s 1952 5 14 83 109 100 M - ... 65 101k 4* 6% preferred 6 97 F&A Washington Gas Lt 5s '60—M&N Refunding 5s 1958—J&J Wash Ry & El g 4s 1951J&D Anacost & Pot 5s 1949 A&O 1st guar 5s 1949 A&O City & Sub 5s g 1948 F&A 112 . 62 Unterelbe Power & Light Co— Sink fd M 6s 1953 —A&O Utah Lt & Tr 1st 5s 1944 A—A&O 111k Wilmington Ry Bridge— 62 J&D Common 20 M 150k Wi - 6% preferred 5 Arkansas Nat Gas common— Class A_ 120 50 1st 5s 1943— A&O Winnipeg Elec 1st 4 Ms 1960 .J&J 00 20 M 48 M 105 111 Mut Un 6s ext at 5%to'4lK&N Western United Gas & Elec Co s * com—... S6 1st preferred Appalachian El Pow 7% pref — 6% preferred Arizona Edison com vtc Arizona Power $6 preferred.— Arkansas Missouri Power— 100 M 119M 110k Western N Y Utilities 5s '46. J&D Western N Y Water Co— 1st M 5Ms 1950 ——M&N 1st M 5s 1951— -M&N 1st 6s series B 1950--—-J&J Deb s f 6s extd 1950 M&N Western Pow (Can) 6s 1949.-J&J Western Pr Lt & Tel 6s 1948 Western Public Service Co—_ 1st & ref 5Ms I960 F&A Western States Util 6s A '45-A&O Western Union Telegraph—_ 73 A 1952—M&N Con g 4 Ms 2004 —. 2004—— Unit Trac (Pgh)—See Phila 104 k J&J 78M 77 Coll s f 5Ms ser B 1952—M&N United Telep Del 6s A1948 A&O United Tel & Tel 5Ms A '53-M&N 1st lien 6s ser B 1953 M&N United Traction (Albany) f 5Ms ser 47 4s 1948-1953 A&O Western Cont Util 6s 1944--M&S Western Lt & Telep 5s 1954.A&0 Western Mass Cos— 15-year 57 25 s 97 99 M 70 $I* -..25 Wat Wks & Elec l3S 19k 149k .100 - Westmoreland Wat 5s '52--J&D 51 23 M 23 M Coll 99 1st 5Ms 1955 ser A— J&D 1st 5s series B 1957---—-M&S Western Utilities Corp— 89 6% preferred ner Fdg & RE M 4Mb g '50—M&N 25-year g 5s 1951 J&D 30-year 5s Mar 1 1960 WxS _ com Preferred $6 series American Telep & Tel eg Amer Utilities Service com 115 lk 12k % 25 — Superpower Corp Ask 1 1 eom First S6 preferred--— 3k % coup notes 1946—J&D 1939-42——J&D Ms 1943-45 J&D '1st 4 Ms 1950 J&D Union Gas System— 1st M & coll s f 5s 1948—J&D Union Passenger Railway— 1st 4s Mi it 31 1961 A&O 2d ext 4s Mar 31 I960--—A&O Union Pub Serv (Del) 6s '39-J&D Union Ry—See Third Ave Ry Union Traction—See Phila R T Union Water Service Co— First lien 5 Ms *51 ser A.M&N Union Water Wks Co— 1st lien 5 Ms 1942---M&S 15 Unit Elec Co of N J 4s 49—J&D United Elec Rys (Providence)-Gen ref M 5s Jan 1951 ser A— Gen ref M 4s Jan 1951 ser B-. United Elec Serv (Italy)— Extl 1st s f 7s 1956 ser A—J&D United Gas & Fuel (Hamilton)— 1st s f 5Ms 1948 J&J United Ilium Co New Haven— 1st 4s Feb 1 1940 F&A United Light & Power Co— Deb g 6Ms 1974 M&N 1st 1 & consol 5Ms 1959—A&O 1st serial 4 Utility Preferred Amer 8k 8k 8 1st M 5s 1957 ser A —A&O West Virginia Ohio River Gen mtge 3 Ms gtd 1967 Westchester Serv Oorp— Bid Bonds 102 k 107 8 Bridge 3M-6 Ms, 1960 J&J West va Water Service— 1st mtge 4s 1961 A&O Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s *50--J&D 106 ^ _ 1st serial 4s 101 h 105 k „ / -F&A / f 7s 1952 s 51k Ask Amer States 1st ext 3 Ms 1956 -A&O 2d extended 5Ms 1956—M&N West Texas Utilities Co— 100 k 2d 6s 1939 ____F&A Twin Oity Rapid Transit Co—1st lien & ref 5 M s A 1952J&D 1st lien & ref 5Ms B 1951--J&J Bid Bonds Washington Water Power Co— 1st ref 5s 1939 op.-. ...J&J 1st & gen 5s 1960 J&J Waterloo Ced Falls & No Ry— 1st Ms fg 6s 1940 -J&J Certificates of deposit Waukesha Gas & Electric Co— 1st 5s 1959 J&J West Canadian Hydro-Elec— 1st 6s ser A 1950 J&J Conv deb 6Ms 1945 J&J West Coast Telep 5s A 1953.J&J West End St Ry—See Boston El West End Trac—See Phila Co West Ohio Gas 6s A 1954—J&D West Penn Elec deb 5s 2030-A&O West Penn Power— 1st M 5s 1963 series E. M&S 1st M 3 Ms ser 11966 J&J West Penn Tr 1st 5s I960—J&D West Phila Pass Ry— 2 / PUBLIC JAN., 1939] UTILITY STOCKS 79 , ' Quotation* for all securities are at near a* Par Stocks Citizens Water Oo of Wash Bid (Pa£ 7% preferred---. 100 iref 100 City Water Oo (Ohat)pr City Water (New Castle) pref .100 Clear Springs Water pref.—....* igs .. Cleve Elec Ilium common 105 3634 110 21 10634 734 7434 108 7.34 76 54 5234 11034 112 107 109 Commonwealth Edison Co....25 Commonwealth Gas .......1 27 34 1 Commonwealth & Sou Oorp com * Optional warrants 134 154 X 4654 134 % $6 preferred * Commonwealth Water 8c light— 6% preferred 45 h 95 n 95 — 31 2754 % 2834 53 115 - 54 55 118 4434 4634 34 454 334 6* 4* 72 70 116 * 10154 — 3154 102 .... "54 com Cons Trac of N J—See P S Oorp Cons Trac (Pittsb)—See Phila Co Consumers Gas (Reading)....25 Consumers Gas (Toronto) —100 28 26 179 Consumers Power $5 pref......* 9954 9434 * 179 54 100 X 95 Continental Gas & Electric— 100 83 8134 Continen Pass Ry—See Phila R T Crescent Public Service com——1 Cumberland Gas com v t c...—1 Cumberland Co (Maine) Power & Lt 6% pref-——.100 634% preferred 100 Dallas Power 8c Light 7 % pref 100 134 40 1 104 98 116 34 113 25 107 34 34 9 34 37 * Danbury & Bethel G & E pf—.25 Dayton Pow 8c Lt 4 34 % pref.100 Denver Tramway com * 100 * Detroit 8c Canada Tunnel 10134 11234 East CoastPublic Service vtc. 6% preferred 100 434% prior preferred 100 Ry com 100 6% 1st pref stamped 100 6 % prer B stock... 100 5% adjustment stock... 100 East Shore Pub Serv 6 34 % pf 100 6% preferred...... 100 Eastern States Corp com * $7 preferred series A * $6 preferred series B * Eastern Mass St ...— Gas Eastern Util Assoc com Conv stock Electric Bond & Share— ... * * * 5 $6 preferred —..* $5 preferred— * Elec Power Association 1 Class A full paid —1 Elec Power & Light Corp * $7 preferred * $6 preferred * 2d pref series A. * Optional warrants El Paso Electric Co (Del) — Preferred series A 7% 100 Paso Nat Gas com 28 110 1 jy* 40 15 3 34 n 120 68 15c 8 4 434 130 1234 12 34 24 1 2534 134 65 70 19 334 73 68 134 18 1734 2234 3 22 2 34 1134 6434 58 254 2 11 38 34 32 k 24 434 75 70 IX 19 1834 434 23 334 nx 6534 59 h 234 2k Ilk 38 h 3334 26 534 90 29 109 50 Elizabethtown Water Cons—.100 Eliz Consolidated Gas 100 97 190 Empire & Bay State Tel (gu) 100 Empire District Elec 6% pf—100 Empire Gas & Fuel Co pf 8%.106 Preferred 7% 100 634% preferred 100 6% preferred 100 43 52 Preferred 45 52 23 26 Gen Telep — Allied — — — 2934 63 63 62 62 81 20 6734 ' 1934 534 28 26 96 5534 54 9834 108 110 107 34 62 8 60 6 12 11 18 i00 99 10234 10334 3 4 7^ 58* 7 54 19 Dec. 7 64 10ft 100 * * * 1 * * $3.50 prior preferred 63 Warrants series of 1940 Interstate Natural Gas...., 77 * pref $7 * — Iowa Ei Lt & Pow 6% pref. .100 Z\y 77 pref—100 21* 934 934 7 % n%y* 100 48 52 25 11 12 15 * 50 13 34 81 H 84 H 15 25 8 „ J* 1054 39 22^4 25 5 434 2J4 1034 nKX 434 12 23 25 54 62 56 64 10234 * 94 9434 9634 354 * ...15 Common............ pref. .100 1334 14 o i* 30 33 23 26 36 0034 38 Preferred 100 Jamaica Water Supp 734 % pf—50 Jersey Cent Pow & Lt 7% pf-100 6% preferred 534% preferred 100 100 k Last sale, n 3 Amer d ep rets for ord shs 8 834 6 554 f1 pref.IOO 72 73 76 75 "734 ~8~" Marion (Ohio) Water 7 % 2 134 34 * $2 Preferred * 19 * h 4 $6 conv preferred series A——* Midland United com... * 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 Mississippi Power $6 pref * $7 preferred * Miss Power & Light 6% pref—*] Mississippi Riv Pow 6% pref.IOO Mississippi Valley Util Inv * iVjissouri Pow & Lt $6 pref * * Monongahela L & P—See PhilaOo Monongahela St Ry—See PhilaOo Monongahela Val Water 7% pfd. Monon-West Penn P S 7% pref 25 Montana Dakota Utilities com. 10 —100 100 .* 6% preferred Montana Power 6% pref.. 128 129 54 20 — 2 — — 234 29 27 354 65 68 62 6434 85 94 80 92 10434 107 M — — 10534 - - — — 34 — 5 8 59 61 8534 k x 34 34 73 60 66 1®* 99* 254 95 2534 54* 63 9934 —.40 58* 7034 454 Mountain States Power— 100 35 121 9 7% preferred conv preferred 100 1 50 — National Gas & Elec com..— 10 National Power 8c Light-com— $6 preferred Nebraska Power 7% 1st pref 100 6% preferred..—....—. 100 Nevada-Calif Electric com..—100 100 Preferred Newark Consolidated Gas..—100 New Bedford Gas 8c Edison Lt.25 334 834 70 103 100 4 44 14134 40 10 12 New Eng Pow Assn com—-.* 1234 13 6% preferred—————100 $2 preferred.. New England Pow Oo $6 pref.IOO New England Pub Ser com. $7 prior preferred— * 7 preferred.. 6 preferred.......... $6 prior pref ....... New England Tel 8c Tel 100 New Haven Water 50 New Jersey Pow & Lt $6 pref—* New Jersey Water pref 100 57 16 ii* * $534 preferred stamped New Mexico Gas 5 com.. 6% preferred -—50 6834 r 1234 38 New Eng Gas 8c Elec Assn— SZ* 78 Nominal, 354 Montreal Tramways com 100 Supply.......10 Montreal Telegraph Mountain Fuel 56 7634 6754 * ........ 6% preferred. —.100 Italian Superpower common A..* Jamaica Pub Service Ltd— ...» t Being liquidated: final dividend paid, 22 $3 k 32 * 634% preferred 18 Iowa Southern Util 7% -25 20 Nassau & Suffolk 7% pref National City Lines com 1 .... 934 6834 ..... 92 25 78 Mountain States Tel 8c Tel. .100 2% 15 — $/ preferred 88 Montreal L H 8c Pow Cons. 834 754 18 Intern at Power Securities com..* 7% preferred Iowa Power & Lt 7% Iowa Pub Serv $6 pref 25 5% preferred 1 Warrants... Internet Ocean Teleg (guar)..100 International Power Co * 1st preferred 100 Class B 94 74 Missouri Pub Service com $6 preferred * Investors Telephone com.......* Iowa Electric 634s pref 100 354 1854 534 105 $1.75 preferred Fall River Elec Light Fall River Gas Works 110 4 100 6334 6334 ~7k 115 6% preferred. ..100 Indiana Hydro Elec 7% pref. 100 Indiana Service Oo 6% pref—100 7% preferred ..100 Indiana Telephone Corp 4-100 Indianapolis Power 8c Light— 6% preferred .—.100 634% preferred ..100 Indianapolis Ry Co v t c ..100 Interboro Rapid Transit.....100 Internet Hydro-El Syst A. 25 Conv pref $3.50 series 50 Foreign share ctfa European Elec class A.... 10 654 Option warrants. % Fairm't Pk & Hadd Pass Ry—See Phila R T 100 112 107 Indiana & International Utilities A 207 1X 554 £* $6 preferred.. ..50 Illinois Water Serv 6% pref—100 illuminating Shares class A ~ Indiana Assoc Telep $6 pref 57 44 91 100 Middle West Utilities 207 50 — Warrants 48 Illinois Power 8c Light— 69 Without par value, 7 ... 2234 * *>34 33 100 100 100 68 Federal Power 8c Light com 10c -.100 20h Federal Light 8c Tr com Preferred ($6) 46 113 34 Internet Teleg of Me (gu) — 41 25 Mass Utilities Associates v t c—1 5% conv partic preferred---60 234 Memphis Natural Gas. 5 63 Memphis Power 8c Light $7 pf. 33 $6 preferred 49 Metropolitan Edison Co— 40c $5 cum preferred * 34 $6 preferred series O—...—* 7 $6 prior preferred ; * 35 7% prior preferred * 834 Mexican Northern Ry com—100 Preferred —..—...100 1634 Michigan Gas 8c Eleo— 115 7 % prior preferred .....100 834 Middle West Corp com.. 5 2 50 .100 Michigan Elec— 7% preferred Indiana General Service— — 100 25 X 1534 5% conv preferred Arrears certificates » 12 100 Warrants 39 Houston Lt & Power $6 pref Houston Natural Gas com—.. common 1654 54 Common without warrants 834 r $6 preferred * Empire TelepL one com • 6% Preferred 25 Engineers Pub Serv com.......1 $5 cumulative preferred * $5)4 pref (with warrants)/—* $6 preferred .—..——.* Essex Company——.—...50 100 95 31 33 3234 634 Havana Elec & Util $5 pref * Haverhill Elec Co 25 Haverhill Gas Light —25 Hestonville M & F—8ee PhilaRT 5% non-cum preferred Huntington Water 7% pref Idaho Power 7% pref 6% 1st preferred 115 2254 Marion Reserve Pow $5 pref * Market St Ry (San Francisco) 6% preferred 100 6 % prior preferred 100 Mass Power & Light Associat'n— Common with warrants * 104 92 30 Empire Power Oorp partic stk—* Essex & Hudson Gas 69 75 102 .1 100 International Telep & Teleg 63 82 34 25 31 Hudson County Gas Hudson & Manhattan 92 .100 Manhattan Railway 7% guar 100 Modified 5% guar 100 Marcon Int Marine Commuh'y— 70 61 — 27 2154 9034 1634 100 — 934 134 1 Lynn Gas & Elec Co Mackay Companies 4% pref. .100 * com — Maiden Electric Co Dec 6634 I—25 25 Ry 6% preferred 9 * $7 preferred. 87 Hartford Electric Light....—25 Havana Elec - 26 Luzerne Co Gas & El $6 pref. 100 Harrisburg Bridge Harrisburg Rys common...—.50 com 12 Maiden & Melrose Gas Lt Interstate Power 9 66 34 6834 73 60 29 47 Units 63 99 Preferred Lowell Electric Light 3034 7734 6324 25 vtc cl A 6% preferred. 554 International Ry vtc 60 Louisville Railway Co 27 * 100 common 51 com 6 85 54 2054 * Long Island Lighting com * 7 % preferred A 100 6% preferred B 100 Louisiana Power & Light $6 pf-* Louisv Gas & Elec 43 79 40 102 5 74 100 96 Oorp $6 pref. $3 preferred * Georgia Power $6 preferred * $5 preferred * Germantown Pass-—See PhilaRT Gloucester Elec Lt Co 25 Gold & Stock Telep (guar). —100 Green 8c Coates—See Phila R T Green Mt Pow Corp $6 pref— * Greenwich Gas $1.25 pref—...* Greenwich Wat & Gas 6% pf-100 Gulf Natural Gas.. * Gulf Power $6 preferred * Gulf States IJ til $6 pref * $5.50 preferred * Hackensack Water 25 Hamilton Gas 14 72 31 1934 25 65 16 _34 Gen Telep Tri Corp——.—.20 Gen Wat Gas 8c Elec com A 1 Hamilton Bridge.. Preferred 46 1534 4934 — 43 109 11 .100 Lone Star Gas Corp 20 — 5% preferred referred.. 134 IX $3 conv preferred Illinois Iowa Power 1X 3 Preferred 48 Holyoke Water Power. 113' 6c 5 2 50 50 7% 44 Preferred 100 Ei Eliz & Trenton RR com 45 39 42 W arrants 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 Laclede Gas Light lftO Lexington Util 634% pref 25 Lexington Wat Serv 7% nref.100 Light & Pow Securities Co * 39 * 105 40 — 107 89 100 103 106 69 29 42 3 70 52 * Light— 6% preferred... —.100 7% preferred —..100 Kentucky Utilities 6% pref.. 100 115 105 86 95 6% pref—.—.* Lawrence Gas & Elec Lt $7 preferred... * $8 preferred .————. ~ Gen Italian Edison Elec Corp— Amer shs for ordinary stock.. Gen Public Service Corp __* Hartford Gas Preferred „> 1 East Middlesex Street Ry——100 Eastern Gas 8c Fuel Assoc's com * States 106 101 65 Duquesne Nat Gas common....* $4 preferred * $5 preferred * Duquesne Light—See Phila Oo— Eastern "I h 14 Detroit City Gas 6% pref——100 Detroit Edison 100 Duke Power 100 Duluth Superior Transit com —* Ay* * * $6 preferred 11334 42 4034 —.♦ $6 cum conv pref ser A $6 conv pref ser B 7% pref class A— 1 100 Preferred Wy* 55 (Pgh) pref.... 50 Darby Gas & Elec $7 pref.. 88 il* 3134 6% preferred- 1234 8734 * Cons Edison Oo of N Y com....* Cuban Telephone pref 354 * 5% preferred—..—.....100 * _ 7% prior preferred 234 Gen Gas & Elec (Del) com A..* 5 %_preferred Gen Telephone Corp com preferred— 100 onsol Elec & Gas $6 pref......* Cons Gas E L & P (Bait).—.* 5% preferred series A .100 $4.60 preferred 29 ~254 Gatineau Power com.—... 103 109 108 * 7% preferred 25c 10c Kansas Power & "254 General Pub Util common Connecticut Power. .—.25 Connecticut Ry & Lighting... 100 .... 6754 * IGas Utilities Co 51 34 12154 100 ..... 6% pref 100 7% preferred———..100 Kansas Gas 8c Elec 7% pref.. 100 Kansas Power Oo 66 39 — 120 Kansas Elec Pow 2154 w* 7 — Ask 6% preferred.. 115 48 37 M Bid 44 10 - $5 preferred — 29 - Consolidated Gas Utilities — 1234 -100 Community Pub Ser com... ..25 Community Water Uerv com 1 7% preferred.. * Concord Elec Co 6% pref 100 Common...-. __.._.* Conn Gas & Coke Sec pref * Common ..—* Connecticut Light & Power * 534 % preferred .100 Consol Gas Oo — 28* 20 98 Foreign Light 8c Power units Frankf'd & S'thwark—see Phila R T 25 Franklin Telegraph (guar).._ 100 2 Gandy Bridge common..—..—* 133 Gardner Elec Light common. 100 104 Preferred 100 334 Gary Elec & Gas common * Gas & Elec of Bergen County.100 5% prior preferred. n 7% preferred— .....—* Community Pow & Lt com.....* Par Kansas City Power 8c Light— 1st pref $6 series B ....* Kansas City Pub Serv * 85 65 5% preferred 100 5% conv preferred 100 Columbus & Southern Ohio Elec 6% preferred A -.100 634% preferred B.........100 - Florida Power Corp 7 % pref—100 Preferred $50 par ,—.— Florida Power 8c Lt $7 pref * 38 19 .100 Coast Oo Qas & El 1st pref—100 Oolum G & El Corp (Del) com..* 6 % preferred series A 100 Stocks 134 i7k 1834 19* 60 11234 preceding the date of Issue Ask Bid $6 preferred * $6)4 preferred .—._..* $7 preferred * Fitchburg Gas 8c Elec Light..50 101 — Par Fed St & Pleasant Val—See Phila Oo. Federal Water Service com A..* IX 101 * First preferred 6% Stocks Ask 103 ...* $4.60 preferred Cleveland Railway possible for tbe closing day of the month Canadian price, x Ex-dividend. 134 134 32 9 8 30 105 71 97 96 3 3634 zW 954 32 107 73 9834 100 4 3734 80 PUBLIC Quotations for all securities Par Bid 7 8 —* -100 96 97 93 New Rochelle Water 7% pref 100 N Y Mutual Telegraph (guar) _ .25 13 96 17 as Stocks New Orleans Pub. Serv com 7% preferred Newport Elec 6% pref N Y City Omnibus . Option warrants N Y Pow & Lt Corp $0 7% 100 preferred NY & Queens El L & Pow— Common 5% * 28 14 North Amer Edison $6 pref * —---1 $6 preferred * North Amer Utility Securities—* North Boston Ltg Prop com----* 100 Preferred North Texas Co 1/4 22% 56% --50 North Amer Light & Pow. &6 1% 61% % $4 preferred 6 46 12% 14% 25 3 (Mass) St Ry Cos pf 100 Standard Gas 3 30 5 Rf) 3 5 17 20 4 5 52% 45 82 87 89 72 39 Northern N Y Util 7% pref—100 Nor States Power (Del) cl A -100 98 7% preferred 100 6% preferred 100 (Minn) $5 series cum pref-—-* Northwest Electric 7 % pref—100 North West Util 7% pref-—--100 7% prior lien 100 N'western Pub Serv 6% pref_100 7% preferred 100 Northwestern Telegraph (guar) NY PA NJ Utilities $3 pref 52% 102 * * * Ohio Elec Power 6% pref 100 7% preferred 100 Ohio Power 6% pref 100 Ohio Public Service 5% pref-100 5 % % 1st preferred —100 6% preferred 100 7% preferred 100 Ohio Service Holding com 1 5% preferred ————6 Ohio Valley Gas com 1 $7 preferred * com Oklahoma Gas & Elec 7 % pref 100 14% ' 99% 106 112 115 88% 95% 101% 108 36 % 27% 105 % 12% Av' 107 102 85 110 49 103 30 105 91 93 29% 33 32% 50 40 150 130 * 152% 114% 103% 116% 133 104 52 1HM 120 36 39 16% 14% 19 105 106 65 78 15% 4 Preferred -—100 98 25 15 1st preferred 1st preferred 25 29% Pacific (6%) (5% %) 25 --25 32 Lighting Corp com-—.-* 102 17 42 Preferred ($6) * 100 Pacific Pow & Lt 7% pref Pacific Public Service— Common 1st preferred Pacific Telep & Teleg * * --100 6% preferred 100 Paterson & Passaic Gas & El—100 Pecos Valley Pow & Lt com * Peninsular Telep Co com * Preferred 100 Penn-Ohio Edison— Warrants. Warrants B _ —- - W» 107 % 67% 29% 32% 29% 43% 108 69% 5% 6% 20% 121 7% 21% 121% 148% 32 Pennsylvania Edison Co— 82.80 preferred-$5 preferred Pennsylvania Gas common Penna Gas & Elec Corp 87 pref— Class A % 5 com._ 10% 29 50 30 51 11 - ... Pennsylvania Water & Pow Preferred ~ People's G L & O (Chic) Peoples Light & Power Co A 100 1 14 31 Pennsylvania Power $5 pref Pennsylvania Pow & Lt $7 pref. $6 preferred $5 preferred Pennsylvania State Water, pref. Pennsylvania Telep 6% pf 100 34 3% 101% 97% 3% 102% 98% Common class B 1 106 15% 38% 1% 1% Southeastern Pow & Lt 69 Southern & Atlantic 68 72 - — — - M 6% 4% 5 O A 5% % preferred series O 6% preferred series B— 7 10 Southern Canada Power Southern Col Pow com A 117% - - Preferred Southern Indiana G & E— 4.80% 13 cum 32% B preferred 25 25 * ..25 --100 100 3% 120 * 8% preferred 25 7% preferred 30% at n Nominal, preferred— r 15" 2% 2% 30% 72 73% 82 1% 30c 20c 9 9% 55% %6 % 14" 6% 42 24 105 635 115 * -.100 100 88 102 89% 124 115 » 6%% preferred 1 75c 25 * * 100 lOO 12% 12 Wolverine Power Co 29 6 23% 108% 108% 93 100 109 - 96% * 1.80 100 7% preferred 100 Wisconsin Pub Ser Corp 7 % pflOO 6%% preferred 100 Wisconsin Telep 7% pref-.--.100 2 23% * * Wise Elec Pow 6% pref 100 Wise Hydro-Elec 6% pref Wisconsin Pow & Lt 6% pref-100 145 5c 7 84 100 Class B 93% 9% 4% 85 * Western N Y Water pref * Western Union Telegraph-100 Western United Gas & Electric— 6% preferred 100 2 2 9 106% 45 78% 82% 102 99 118 15" x 5 1 Worcester Trans Assoc * York (Pa) Railways pref 50 York Water Co .———25 11 Canadian price, 108 100 8* 7 ill* 100 cum 46 12 k Last sale, cum 42 1% 11* 77 100 Preferred Western Massachusetts Cos 10c 28 105. com Ry Sc El Wheeling Elec 6% pref Williamsport Water pref Winnipeg Elec class A 25 10 1 * Wheeling Bridge. 143 40 pref.1.1100 32 100 3% 34 36 31% 21% 1% 1% 4 8 4% 50 100 Water Serv 6% pref Western Lt & Tel com . 92% 8% 6 100 West Phila Pass—See Phila R T West Texas Utilities $0 pref * West Va Ohio River Bridge— Common * 23% 24% 27% 27% 28% 41% Dec 21 Southwest Nat Gas $6 pref t Called Jan. 1 87% % * 114,% 12% 114 Preferred common Southern New Eng Telep Southern Union Gas com pref cum Westmoreland Water pref-. Southern Nat Gas class A com..* Class 117% 30% —— 6% preferred series A Southern Calif Water pref 5 -- Original preferred 25 25 25 3% 26 46% j Preferred 12" 91 1 preferredWest Penn Power 7 % pref 6% preferred Southern Calif Gas Co— 55 32 Teleg (gu) .25 common.- Wast Va 2c 102 105 * 7% 6% 16 107 warr..... South Calif Edison common—25 3 115% * 109% * West Penn Elec Co class A-—. 100 100 6% preferred 7% preferred 1% 27 Washington Wat Pow 6% pref--* ~ /o So Jer G El & Tr—See P S Corp Southwest Cons Gas Util com—1 Southwest Gas (Okla) 7% pref 100 «. Southeastern Gas & Water A—* 10% 1 66% 43% Without par value, - 63 1 35^ ?0H 1 Preferred 21 3% "3% 5c 11 * Preferred 64 85% 97 2% 81% 100 Wash Gas & Elec 7% South Pittsburgh Water— & 42 Monongahela Lt & Pow 50 Monongahela St Ry 50 Phila & Darby—See Phila R T Phila & Grays—See Phila R T Philadelphia Elec Co com —* $5 preferred * Phila Elec Power 8% pref 25 20% 97% 60 38% * "* Wash (D O) r 61 75 Philadelphia Co com $5 preferred 6% cum preferred #6 cum pref Allegheny Traction Citizens Traction 50 Consolidated Trac pref 50 Duquesne Light 5% 1st pref 100 Federal St & Pleasant Val 25 2 South Carolina Power 6% pref..* 112% 66 -60 3 1 $4 preferred 60 Sou Carolina El & Gas 7 % pf. -100 72% 99 * % 8 2 68 63 K Virginia Pub Serv 7% pref—.100 6% preferred 100 Washington (D O) Gas Light _.* 1 % % 6 94% 91% Peoria Water Works 7% pref. 100 Phila City Pass—See Phila R T 50 * 19% South 111 ~1 Utilities Stock & Bond Corp Virginia Electric & Power— $6 preferred 113 86 25 ._* 7% 115 100 Sioux City Gas & El $7 pref.-100 Amer Utilities com 50c "III"* Class B 104 94 Peoples Water & Gas $6 pref—100 - Non-voting 81 105 Common - 119 92 Scrip Preferred 118 Sierra Pac Elec 6% pref-----100 Sierra Pacific Pow common * Preferred * $6 preferred $7 preferred Utilities Power & Lt cl A 109% * common $5 preferred 100 2d $5 preferred * Second Ave RR Cop (NY) * 2d & 3d Sts Ry—See Phila R T Shawlnigan Water & Power * Shenango Valley Water pref. .100 36% 113 70 % United Tel & Elec 6% pref. 11165 107% 1st 1% 103 84 _ * 1st pref cum _ A 7% preferred Utah Power & Light—' 50 18 98 75 68% 3% Script 109 7% preferred com _ common.---.-.-$2.75 preferred $3 preferred iW* 73 84 112 . 9% 68 % ry * Class B 134 Seattle Gas 31 90 104% * 1 10"" 5 30 102 114 - 116% 103 100% 88% 1 1 com United Light & Ry 6% pref... 100 6.36% preferred 100 7% preferred 100 United Public Service Corp.. 1 United Pub Util com A---.--._-* 60 102 9 I United Lt & Pr Common B 6% 32 100 Savannah El & Pow 6% pref. 100 7% preferred 100 8% preferred 100 Scranton Electric $6 pref * Scranton-Spring Brook Water Service 6% pref * Scranton Transit common _.l 136 Corp . %6 * San Antonio Pub Serv 8% pf-100 San Diego Cons Gas & Electric— 5 147 50 United Gas Improvement. * $5 preferred United 111 Co of New Haven—-I* 70 7% preferred - Penn Western Gas & El St Louis Pub Serv common 7% preferred 100 Union Electric Co of Missouri— 5% preferred * Union Gas (Canada) > Union Gas System com ; 10 Warrants 6% preferred series C J 00 6% preferred series D 100 5% preferred series E 100 Roch Telep $6% pref 10U Rockland Light & Power 10 St Joseph Ry Lt & Pr 5% pf 100 St Joseph Water 6% pref 100 St Louis County Water pref.-100 Pacific & Atlantic Tel (gu) Pacific Gas & Electric * $7 pref series A Rochester Gas & Electric— 77 pref 100 Warrants II United Gas & Elec (Conn) com.* 7% preferred 100 United Gas & El (N J) 5% pf.100 3% 30 9% % 3% 22% _ 3% 5o 8% conv preferred A 100 Oregon Wasn Water pref * Ottawa Light Heat & Pow—100 17% Twin States Gas Twin City Rapid £E1 7% Transit United Gas Rio Grande Valley Gas v t C----1 Riverside Traction. 50 Preferred 50 17 * * Bedford)..100 Ridge Ave Pass—SeePhiia K T % * * . pref-.IlOO Union Traction—See Phila R T United Corp * $3 cum preferred --_.il "~* 16 . Class A 7% preferred Texas Power & Lt 7% 6% preferred Third Avenue II * Union Pass—See Phila R T Union St Ry (New 93 101 99 representing com. Rhode Isld Pub Serv $2 pref 27 % 102 preferred 100 lat preferred (6%). 100 5% cum 1st preferred 100 Terre Haute Elec 6% pref 100 Jexas Electric Ry ...100 Texas Elec Service $6 pref * Texas Gas Util com Preferred 91" Amer shares 42 ,100 100 100 100 * _ II100 1st pref (7%)_100 Ry (N Y) 100 13th & 15th Sts—See Phila R T Tidewater Power 6% pref * Toledo-Edison jpref A 7% 100 6% preferred 100 5% preferred 100 105 48 Rapid Transit Ry—See P 8 Corp Republic Nat Gas com 1 Rhine-Westphalia Elec Pow— 12% 100 Texas Power Corp common 7% Industrial Stocks. 106% preferred — 12% * - conv Texas Hydro Electric— $3.50 preferred 115 49 36 Omaha & Council Bluffs Railway 6 Bridge 4% cum pref xOO 102 108 120 96 94 i% 100 Rapid Transit St Ry Co 100 So Jersey Gas & Elec Trac.-100 Public Serv of Okla 6% pref.-100 7% preferred 100 Public Serv El & G $5 pref * Puget Sound Pr & Lt $6 pref * $5 prior preferred * Quebec Power common * ueens Borough G & E 6% pf 100 ,adio Corp of America—See 88 113% 37% 2ip 96 * TevowSeie El P 7.2 % 1st 115 Consolidated Trac of N J.-100 108 92 Omnibus Corp v t c 20% 4% 1% 28 23 99% B Amer Elec 5% pref.500 Fes Tacoma Ry & Pow Co * 5% - y 99% 32 107 - 91 8% preferred 7% preferred 6% preferred $5 preferred 70 68 - 86 18 Tampa Elec Co 7% preferred. * Public Serv Corp of N J 62 - 42 1 Tacony-Paimyra Bridge^ 23 18 112 * * Swiss 2% * $5 preferred 40 100 ,6% conv prior preferred 20 31 2% 6% Dreferred. 100 Public Serv of Ind $7 prior pref. $6 preferred Public Serv Co of N H $6 pref--* 65 -15 $3 preferred-- 12 57% 54% 102% 12% 100 Okla Nat Gas Corp com 17 pd) ; prior pref. & Lt com Preferred II Suburban Rapid Transit St Ry.50 Superior Wat Lt & Pow 7% pflOO 31 Providence Gas * Public Elec Light 6% pref 100 Public Serv of Colo 7% pref--100 61 50 Ohio Edison $6 pref 6% preferred 11% ■55% 27 27 100 7% prior preferred 100 Portland Gas & Coke 7% pref 100 Portland Gas Light 50 Postal Teleg & Cable 7% pref 100 Potomac Edison Co 6% pref 100 7% preferred 100 Potomac Elec Pow 6% pref 100 5%% 100 preferred Power Corp of Canada com.---* % 70 50 cum Class 33 Plain field Union Water Portland Elec Pow 6% pref 5 25 Northern Liberties Gas 27 * com §4 cum preferred 86 8 7% 50 & Elec prior pref cum Standard Pow Pittsburgh Suburban Water— $5.50 preferred 100 1% 62% 81 50 $7 11 8 Traction ($17% pd). Phila Pass guar 50 Phila Suburban Wat 6% pf—_100 Phila Traction—See Phila R ' 23 100 -100 ——-100 Ohio Water Service A 42 Preferred * So'western States Tel com __I* LJity Water 6% pf 100 Springfield Gas & Elec pref * Springfield Gas Lt Co.— 25 West 57% 43 % Northern Indiana Pub Serv— 6% preferred. 7% preferred 5% % preferred 14 Union 2* 35 51 80" 36 9 Bid 103% 12% 7% 13th & 15th Sts Pass Ry Union Pass ($30 5-6 106 105 . 10 (Del) Northeastern Wat & Elec com--* 8 82% Dec. Me * North American Co com--- 4% Par Southwestern G & E 7% pref. 100 Southwestern Lt & Pr com A * 33 Philadelphia Traction Ridge Ave Pass ($28 pd) 2d & 3d Sts Ry guar 16 7% 85% Stocks 3 PhilaCityPa'ssRy($22 % pdj 150 4% Class A option warrants Class B option warrants Ask 1% 3% Phila & Darby Pass Ry 50 Phil & Gray's Fy ($25 pd)—50 107% 115 Niagara Hudson Power — -10 1st pref $5 series-——--100 2d pref 5% series -—100 Bia Green & Coates Sts ($15 pd) 50 Hestonville M & F com 50 19 100 % 120 100 preferred Par TVflfflrrprt preferred STOCKS Frandf'd & Southwark Pass_50 Germantown Passenger 50 35% 106 N 1 Railways pref-* N Y & Richmond Gas 6% pref 100 N Y Water Serv 6% pref 100 6% 35 11% * pref Stocks Philadelphia Rapid Transit 50 7% preferred 50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)_50 Fairm't Pk & Haddington.-50 14 common....* UTILITY possible for the closing day of the month preceding the date of Issue Ask * are as near 18 Ex-dividend. 4 24 Under the heading "Industrial and Miscellaneous Securities" include all issues which do we 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," "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest of the "Industrial and Miscellaneous." NOTICE—All bond prices are Quotations for a'l securities Bonds Bid Bonds Bid J&D 65 64 1955.A&0 1948.M&S Coll tr g 4s 1947—. J&D 4%s stamped 1946——F&A Advance Rag & Paper 6s '52.J&D Ex scrip . Aeolian Co 6s 1944 J&J Akron Times-Press 1st 6s '45 A&O _ It* 102% 103% 103 % 104" 103 105" Pulp & Paper— 1st 6s 1950 M&N Gensf 7s 1950M&N Brown Coal Indus 6 %s '53—A&O / Brown Co 1st 5%s 1946 A&O 1st 5%s 1950 ser B M&S Brown Pap Co ext 4%s '41.A&O Bruck Silk 87 81 90 80 98 Creameries of America— 49% Sinking fund deb 5s 1946.F&A Credit Service deb 6s w w '48-Q-F 46 Crowley Milner 5 %s 1946--M&N 98 Crown Cork & Seal Co Inc— 84 96 Budd (E G) 95 88 82 77 45 55" J&D 30 36 Burns & Co Ltd 1st s f 5s 1958 J&J Albany Perf Wrapping Corp— M coll tr 6s 1948 A&O 1st. 6s assented w w 1948—A&O 50 Bush Term 1st 4s 1952 35 ser .M&N A 1948— Allied St's Corp deb 4%s '50. A&O Debenture 4%s 1951 F&A Allis-Chalmers s f deb 4s '52.M&S 25 83 99 % 97 85" 100 88% 93 109% 110 Alpine Montan Steel Corp— M&S 1st s f 7s 1955 Aluminium Ltd s f deb 5s '48.J&J Amer Aggregates Corp— Amer Dept St's 37% 40 106 106% 100 100 101 _ New 3-6s 1943 F&A Amer Color type 6s 1942 F&A Amer Dept St's (Pa) 6s '48__J&D 51 Income 5s 1958 40 Algoma Steel Corp Ltd— Conv 5s 35 Ann, Apr A&O Jan 1955 J&J / Bldg 1st 5s stamped I960. A&O / Cons g 5s Butterick Co 6% notes '39—A&O 35 7s Certificates of deposit. 1942 f Campbell River Timb 6s '41-J&J F&A Canada Bread 6s 1941 (Del) 6s '47. J&D 35 Canada SS L 6s '41 r Can Cementlst4%sserA'51 M&N 80 Conv 5%s M&N J&J 1949 102 101% 101 102 Amer La France & Foamite— 36 94 39 70 75" 51 J&J Amer Radiator deb 4%s '47-M&N 104% Amer Seating 6s stpd 1946—J&J Am Silica-Sand 6s 1951 M&S Am Tobacco deb 4s 1951 F&A 100 A&O American Type Founders Inc— Conf s f deb 2%-5s 1950—J&J Am Wire Fabrics 1st 7s '42-.M&S Debenture 6s 1944 Amer Writing Paper Co— Conv 68 1961 Ann Apr f Ames-Holden Tire & Rubber— 106% 100% 7% 109% 119 109% 114 90 31% 33 Income 7s Jan 1 1943-.—M&S / 103 Anaconda Copper Mining Co— Sink lund den 4%s 1950—A&O Anglo-Chilean Cons Nitrate— Sink fund income deb 1967 J&J Animal Trap 5s Aug 11946 Antilla Sugar Estates— Income deb 6s 1951 (w-s)—J&J / Anthony (E C)— 1st s f 6s (San Fran) 1942. J&D 1st s f 6s (Los Aug) 1942.-J&D A-NY & B-NY Realization 5s, 1955 M&S / Arcade Mall Iron 7s 1943--M&N/ 1955.F&A 1st mtge 4s series O 1957.-J&J Arnold Print Works 1st 5s Feb 1 1952 A&O Arundel Bond Corp 2-5s Dec 1 '53 Arundel Deb Corp 3-6s Dec 1 '53 Associated Mtge Co 3-6s Dec 1 '53 Atlanta Laundries— _ 1st lien 4s 1952 J&J Atl Gulf & W Indies SS Lines— 25% 106 27 88 15 20 95 98 95 98 foH 28 98 97% 98% 98% 52% 54 Conv deb 4%s 1939 J&J Autocar Co 7s ext 1947—M&N 1st g 5s 1940 M&N Mtge 6s 1950— M&S Bait Steam Packet 5s 1942--F&A Debenture 4 %s w w 1947.F&A Central Foundry Co— 1st mtge 6s 1941 M&S 104% 67 25 19 22% 90 93" 88 101 102 114% 116% 50 M&S Central Ry Term & Cold Storage 6%s 1952 A&O / loo" Detroit Times deb 6s to '43.M&S Deutsche Bank (Berlin)— 71 102 6s extended 1938 M&S / Deutsche Rentenbank— Farm Ln s f 6s Oct 15*60 A&OIS / Series 83% 102" 99 1st 8s 32 Eastern Dairies 6s 1949 M&N Eastern Mfg 7s ser A 1938--J&D|/ East Temple Corp 6s 89% (w s) 1941. , Eaton Paper 1st 5%s 1943_M&N Elec Auto-Lite deb 4s 1952-F&A Elk Horn Coal Corp— Coll s f 4s 1956 J&D n5% 79 Empire Properties Corp 2-3s 1945 14 7s series A & B 1950 7s series O 1959 7s series D 1956 6s series AC 1952 „ 100 Ernesto Breda 7s European Mtge & Invest— 1st lien 7%s 1966 ser B 7 %s income 1966 1st 5%s ser O 1946 Consol Cement Corp— F&a Bayway Terminal 6s 1954 J&J Bedfora Pulp & Paper 6%s 1942. 99 101" 24% 28% 101 Beech Creek O & C 5s 1944—J&D Beneficial Loan Society— in" 106 108 Bethlehem Steel Co— 1st lien & ref 5s 1942--..-M&N Purch money 6s 1998—Q-Feb ^3%s series E1966 A&O 15-yr s f conv 3 %s debs *52 A&O Boston Wharf 1st 4s 1941 A&O Botany Cons Mills 6%s *34-A&O Certificates of deposit (S F) 7s 1944 M&N Brandram-Henderson 6s '56-J&D British Am Oil deb 4s 1945-_ M&S conv 96 96 62 101" 99 101 64% 113% 146% 107 101% 100 104% 46 99% 103% 5% 5% 51 40 A&O 50 Conv deb 2%s 1948 J&D Continental Roll & Steel Fdy— conv s f 6s 1940 J&D Cont'l Steel deb s f 4%s 1946-J&J Coplay Cement Mfg 6s '41—A&O Copley Press 5%s 1943 F&A Cosden Petroleum conv 5s '47 J&J Nat Mail SS Lines 6s '52 Ref 5%s series A 1951— J&D Ref 5%s series B 1954....J&J 78 1st 5s 1940 A&O Garlock Packing 4%s 1946—J&D 28% 4%s Dec 15 1947. J&D Gen Amer Transport 3s 1940.J&J 3% notes 1941-1942 J&J 104 99% General Bronze deb 6s '40 M&N General Cable Corp— 1st mtge 8 f 5%s 1947 ser A_ J&J , Gen Elec (Germany) 7s'45-J&J15 / 94 103% 101% 103 50% 32 27 33 29 99 101 40 45 45 98 99 120 122 50 83 101 42" 102% 94% 96" 46 51 97% 97% 102 101" 97 98 101 101% 95" 90 102% 102% 6%s 59 65 1940 59 Debsf 6s 1948 102% / This price includes accrued interest. 102% 101% 102% 57 57 J&D / M&N / 57 Gen Finance conv deb 5s '51-J&D 97% Gen Motors Acceptance Corp—■ 106% 10-year deb 3s 1946 F&A 15-year deb 3%s 1951—F&A 106% Deb 40 100 Galveston Wharf Co— 58 109 103% 6 Basis. t To be paid off. Called Jan. 1. 1939, at 105. Conv g 6% % notes 1946-A&0 Frick-Reid Supply 6s 1943.-J&D Fruehauf Trailer deb4%s'47A&0 13 65" 92 95 100 Frick (H O) Coke 5s to 1944.J&J 53.25% 16" 30 Consumers Co (111) 5s 1956--J&J 103% 90* Gair (Robt) income notes 6s 1972 I960--J&J / 53 48 99H French 50% 97 Consumers Credit Svc 6s 1962 73 Consumers Rock & Gravel— 6s 1948 J&J / 27% Container Corp 1st 6s'46-J&D15 103% Deb 5s 1943 with warr._J&D W* Cont'lInve8t Bond Oorp 2-5s '53. 89 Oont'l Invest Deb Oorp 3-6s '53 69 Continental Oil— 1st M 4%s 1951 Follansbee Bros 5s 1947 J&D f Forest Lawn lsts f 6s 1949—J&D Francisco Sugar 6s 1956 M&N / Franklin Coal Co 7s ws 1949-J&J / Fraser Co 6s Jan 1 1950 J&J 66 42 8 37 J&D „ 12 45 11 s f 6s stamped 1961 M&S Firestone Cotton Mills 5s '48M&S Firestone T & Rub 3 %s '48--A&O hirst Bohemian Glass Works— 1st secured 7s 1957 J&J Flour Mills of America Inc— 103 50 99 f 65 106 5s 1969 Federal Screw Wks conv 6 %s '39_ 37' Federal Sugar Ref 6s ctf "33 M&N Fiat s f deb 7s 1946 J&J yl0423 Filtrol Co of Calif 5s 1946— J&D 85 Finland Residential Mtge Bank 2% M&N 77 Players Canadian— 1st & coll 96 94 1st 8s 1941--J&D inc 5s 1953 Sink fund 5s July 1 5s 1950 Fdy & Ma 5s*44 A&O Cons M s f 4%s ser D '60.-J&J Beth Steel Corp 4%s to 1941 J&J Cum 42 Farmers Mfg Co 3%s 1953- -M&S Farmers Nat Mtge Inst 7s '63A&0 Federal Coal 7s 1944 105% Consolidation Coal Co— 95 6s profit share deb 1956--. Q-J Bessemer Limestone & Cement— 6s 1955 J&J Consol Textile 50 75 1st & coll 3s 1939 J&D 1st & coll 3%s 1940-1942. J&D " 50 55 11 - 103 Paper Corp— 5%s ex-stock 1961 J&J Consol Steel Corp 6s ser A '44 J&D 63 22 Famous 94 103 92% 22 C 20-year 4s s f deb 1956- -J&D Falstaff Brew deb 5s 1947—J&D 101 Cum Inc 6s 1950 ..F&A Cum inc 6% notes 1950--F&A Cons Laundries Ext 6%s 1941 A&O Consol Oil s f deb 3%s 1951-J&D 74 80 106 F&A ser 59 103 J&D 105 Everlastik Inc 1st 7s 1937-M&N Fairbanks Morse & Co— 103 102% 60% 99" 26% F&A 47" 101 s f 5s 1943-F&A Income 5s 1970 An Apr Connor Lumb & Land 6s '41 M&N Consol Biscuit 1st 5%s B *46 M&S 1954 7s income 1967 101% 76% 101 Colo Fuel & Iron 87 M&S st lien 1st liei 7a 1967 Q-F _.Q-M Q-J Q-F Q-M M&S A&O 61 75 94 6s 1943 30" 72 Q Colonial Colliery 6s 1954 lY* 16 70% 30 Emporium Capwell Corp— 1st 4s 1952 103 —J&J 4% notes 1942 100 J&J Erie Elec Motors 5s 1941. 15 A&O / 104 51 o 100 40 Empire Sheet & Tin Plate— Chilean Nitrate & Iodine Sales 87 101 Eastern Car Co Ltd 6s 1952.J&J 103 Eastern Cuba Sug 7%s '37.M&S/ 40 6 105% 58" 101% 99 97 . ' 103 Dryden Paper 6s 1949 F&A Dufferin Paving & Stone— Deb 5s series A 1955 Jan Deb 58 series B 1955 Jan Durham Duplex Razor 6s 1955— 15 45% 91 55 100 23 Dow Chem Co deb 3s 1951—J&D 15 56 B 10-yr 5%% notes 1947—J&J 90 115 1941. .M&N 85 100 5% 99" M&S 77% Cespedes Sugar 7 %s 1939 M&S / 11 93 Champion Pap Corp 6s '45—F&A Champion Paper & Fibre Co— 4 %s s f deb '50C35 Issue).M&S 99% 4%s s f deb '50('38 lssue).M&S 99% Chateaugay Ore & iron—■ Guar gold 4s 1942 55 J&J 93 Chesap'ke-Camp Corp 4 %s '47 J&J Chic Grain Corp 3-5s 1952.-A&O f 26 Chicago Produce District— 1st cum inc 5s (w-s) '48.-F&A 110% Chicago Stk Yards 5s 1961-A&O 98% Childs Co deb 5s 1943 A&O 74% 83 101 Deb 4%t ser A 1951 M&N Dominion Textile 4%s '55—M&S Donnacona Pap 4-4 %s *56__F&A !19% 111 80 99% 64% 96% 62 Dominion Steel & Coal 6%s 1955 Dominion Tar & Chemical Co— 99% 89 Gertatn-teed Prod 5%s 1948 95% Dickey (W 8) Clay Mfg Co— Cum inc 5s (w-s) Nov 1 1949_ / 147 Cum inc 5s (ex-s'tk) Nov l"l949 Dom Coal 1st 4%s ser A '52-A&0 % 100% Serial 3 %s 1938-43 98 A&O 105% 28 99 6%.notes stamped 1935—-M&S 11 12 56 87% 104% 98% M&S Deep Rock Oil 7s 1937 M&s Detroit Har Term 1st 6s '50-M&S 97 72 f deb 4s 1950 Davidson-Boutell 5s 1946 J&D Davidson Chem 6%s 1937—A&O / De Bardeleben Coal Corp— 1st cum inc 5s 1957--Ann April 45 Consol 52 50 45* UH 62 88% Gen mtge 5s 1941 6s series AA 1953 6s series AB 1948- 94 4% 103 55% 50 50 90 y 15-yr deb 5s with warr "50M&N Carthage Marble 6%s '42 M&S I 1st non-cum inc 5s Apr 1951. f Cassco Corp Inc 6s 1949 M&S Celotex Corp— Cleve Tractor conv 5s 1945.M&N Collateral Bankers Inc— 96 98 s Cumberland Ry &; Coal— 5s 1940 A&O Curtis Cos 6%s A 1947 M&N Dairyland Inc 1st s f 5s 1946-M&S Danish Prod L'n Fund 5s '40.J&J Davidson Biscuit 5%s A '45 A&O Carriers & General Corp— Clearfield Bit Coal 4s 1940--J&J Cleve-Cliffs Iron 4%s 1950-M&N J&J J&D Called Dec. 24 at 100. 101 118 M&S 25-yr guar 5s 1955 Canadian Vickers 6s Aug 1 1947Caribbean Sugar 7s stpd '41-F&A / Carlisle Lumber 6s 1945 Carrier Corp conv 4%s 1948 A&O 58 Baldwin Locomotive Works— * 53 106 104% 70 82% 99% 55% 86 Without warrants Jan. 1, 1939. at 103. J&J 54 Avery (B F) & Sons 5s w w'47J&D Bowser Canadian Internat Paper— 1st M 6s 1949 Conv 40" 100 r 55% 53% Auburn Automobile— Bethlehem J&J Corp inc 5s 1968 J&D / Cities Service Asphalt 5s 52.A&0 City Ice (Kansas) 6s 1940—A&O City Savings Bank of Budapest 7s 1953 F&A f 86 Coll tr g 5s Jan 1 1959 J&J 94 Atlantic Ice & Coal 6s 1951-J&D 45 Atlantic Ice Mfg 6s 1945-— .F&A Atlantic Refg 3s debs 1953--M&S 104% 100 Atl Sug Rof 1st s f 4s '51—M&N Atlas Imperial Diesel Engine— 6% conv notes 1945 M&S 92% 63 Atlas Pipeline Corp 6s 1945.M&N 20 Gen conv 6s 1950 M&N f JBaragua 8ugar Estates— Cum inc deb 6s 1947 Barber & Ross 4s 1945 Bates Valve Bag 6s 1942- A&O / Canadian Bakeries 6%s '45.M&S Canadian Canners Ltd 4s'51M&N Central Steel 105% Armour & Co of Delaware— 1st M 20-yr 4s ser B A J!* 98 "IM Cudahy Packing 3%s A '55.M&S Canadian Nat Steamships— 5%% notes 1956 J&D Am Lime & Stone 5%s *51 M&S Am Mach & Metals 4s 1943--J&J Amer Nat Co (Ohio) Extended 6s stpd 1943 ser 1st & gen 5s 1957 101% 48 69% 38% 51% 40 Byers Machine 3-6s 1946 70 Byrndum Corp 3-yr notes Jan 15'39 Calaveras Timber 1st 6s '38.M&N / 20% Calif Cooperative Creamery— 1st s f 8s 1948. 100 -A&O Deb s f guar 1943 98 A&O Calif Cotton Mills 1st 6s '40-J&J 67 Calif Group Corp 5%s 1956 M&N 101 Camaguey Sugar— Am Fruit Growers ext 7s '43-F&A Amer Ice Co deb 5s 1953 J&D Amer I G Chem Corp— Conv deb 5%s 1949 Amer International Corp— 86" 100 II* Crown Willamet Pap 6s '5l__J&.l Crucible Steel 4%s A 1948.-F&A Cuban Tobacco 5s 1944 J&D Burmeister & Wain Alabama By-Prod 6s 1955—J&J Alabama Mills 6s (w-s) 1953-J&D 6s 1955 Alberta Pacific Grain 6s 1946 J&3 90 81 Mfg 6s ext 1941-F&A 99 15-yr 4s s f Nov 1 1950--M&N 10-yr s f deb 4%s 1948 J&J 106% 81 J&J 5 ^ 22 M&N lit series B 1948 106 76 106% ,Co 3 %s 1950—F&A ill Ltd 6%s '45.M&N Bryant Paper 6s A 1942 Ask 95 f 11* Brown Shoe Bid Cosgrove Meehan Coal 6%s 1945. f 3 Crane Co 3%s s f deb 1951-J&D 105 (Copenhagen) 15-yr s f extl 6s 1940--: J&J / 112 Burns Bros deb 5s A 1961—M&S 35 Without stock Bonds Ask British Columbia Certificates of deposit Acadia Sugar Ref 4%s Adams Exp coll tr g 4s bonds possible for the closing day of the month preceding the date of issue Ask INDUSTRIAL AND MISCELLANEOUS BONDS Abitibi Power & Paper— 1st M 5s 1953 ser A "and interest" except where marked "f" and income and defaulted are as near as | A: Last sale, n Nominal, r Canadian price, . 100 106% 106% x Called INDUSTRIAL 82 BONDS MISCELLANEOUS & NOTICE—AH bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Bid Ask Bonds 115 62 123 77 63 Iron City-Ohio River Corp— Iron City ser 6s Dec 1 *48-F&A Ohio Riv. ser 6s Dec 1 *48. F&A Isotta Fraschini 7s 1942 J&D 96 Bonds 97 1948—A&O Rayon deb 6s 1948 w w.J&D f 8tJ Cast 1st 5Ms '49 w w_J&J Gen Plastics 1st s f 5s Gen Gen Gen Wares— Steel A&O 4 Ms ser A 1952 Gen 'J'heat Eq deb / 6s 1940.A&O 6s 1950-M&N Cable 7s 1945— / German Bldg & L'd Bk 6 Ms 1948 / Glen Alden Coal M s f 4s '65 M&S Globe Industrial Loan 6s 1955 J&J Globe Wernicke 6s Oct 1 '44.J&J Georgia Marble 1st 'German Atlantir Gobel (Adolf) 95" 90 45 21 72M B 1945-50. J&D Gordon-Pagel 6s 1940-1944—J&D Gotham Silk Hosiery— 5 f deb 5s w w 1946 M&S 42M 100M 99 M 101M 102 Manufacturing 6s *42. A&O Grand Rapids Motor Coach— Cum income 7s 1962 M&£ Grand Rapids Operating Corp— 96 M Equipt Co deb 5s 1949 V&I Grand Trunk Ry Term / 6 Cold Stor 1st 6 Ms 1952. A&C Granite City Generating— AXt( / uramn ivui&ub <x Co Ltd— lstsf 5s 1955 / / j Grigsby-Grunow conv 6s '36 Groc St's Prod conv 6s 1945. J&D Gulf States Steel 4Hs 1961.* Gypsum Lime & Alabast— 5 Ms 1948 / Hale & Kilburn 6s '39 stmp—. Hall (F W) Printing Co— 1st & coll 6s stmp 1947—I Hamilton By-Prod Coke Oveuo— 1st s f 5s ser A 1955 M&N Gen sinking fund 6s 1956. Hamilton Cotton 4 Ms 1950Hamilton Mfg 5s w w 1951..1 Hansa Steamship Lines— 10-yr 6s 1939 w w Harpen Mining Corp— / 6s with warr for Am shs... ~ - 0 J -i- 1AK1 — & 20 70 72 45 47 100 82M 12 H 84 49 M 52M 93 M 91M — 98 M 99 M 96 96 89" 96 —— 37 M -... 95 M 15 18 (Portland, Ore)— 67 H 48 99 M 98 M 97 M 96 M 99 M 98 M 97 M 88 M 80 85 25 / 29 20M1 / 96 60 J&J 93 M 96 M 35K 6s stamped (par $925) 1943 23 25 1st 5s series A w w 1952Karstadt (Rudolph) Inc— <Par $925) 1943Ke th (B F) Corp 6s 1946-M&S Kelsey Hayes Wh'l 1st 6s '48.J&J 15-yr cony deb 6s 1948 J&J Kentucky Rock Asphalt— 3M-6MS 1945-.. __J&D Kentucky Securities coll 5s 1940Keokee Cons Coke 5s 1959--J&J 1940—-M&N 33 68 15 63 63 31 95 95 46 Natl Consol Bond Corpus" 19531 Nat Container deb 5 Ms '52-A&O 101 Nat Dairy Prod 3Ma w w'«jl M&N Natl Debenture Corp 3-6s 1953— National Distillers Products— 10-yr deb 4 Ms May 1 '45-M&N Lackawanna Steel os 1950.-M&S 101M 65 100 100M 102 96 95 65 98 68 102 M 100 M 103 100 M 13 M 109 M 14 M 28 31* _J&J 90 Lake Superior Corporation— 1st & coll tr gold 5s 1944.-J&D 99 1st mtge income 1975 J&D / Lawrence Portland Cement Co— 25 1942 __A&0 Layne & Bowler 3-6Ms Dec 1947. Lehigh C & Nav fund 4s '48 J&J Cons s f g 4Ms 1954 J&J Cons s f 4Ms 1954 ser O..J&J Lehigh Valley Coal— 1st & ref 5s 1944 F&A 1st & ref 58 1954 F&A 1st & ref 5s 1964 F&A 1st & ref 5s 1974-; F&A Secured 6s class A ext 1943.J&J Paper— A..J&J 1st & ref s r 5s ser B 1947--J&J Ref mtge 6s 1955 ser A-..M&S 1st & rer s r 5s 1947 ser 99 99 92 Internat Pow & Pap of Nfld— 102 M 1st M 5s 1968 J&J 101M 1st 4Mb 1968 J&J 107 M Internat Salt g 5s 1951 opt. _A&O 47 Interstate Deb Corp 2-5s Jan 1 *55i 20 Interstate Zinc & Lead deb 7s *32 / 80 -_M&N 40 55 M 54 92 20 20 19 % 34 23 25 74 H 104 M 69 101 ^come deb 5s 1940-M&S !/ 105 16M 108M '42F&A 2-5s series B 1954. J&j New Eng Laundries 5s 1956-J&J 79 93 55 28 Mtge 3-6a A '54. .J&J Niquero Sug 3 Ms 1940—J&J 20 cLP?^00"""18^ 48 '51-F&A Serial 5% notes 1938 A&O Certificates of deposit. % M&N H % 1942 1st mtge s f 6s 1946— 6s stamped w w 1946 at 74 67 M j&j 48 129M 128 M 93 North Amer Car— 55 1st 6s 1943M&S 5.25 5.25 5.25 Equip trust 4M« Aug 1 '39-'46Equip trust 4 Ms Nov 25 '39-'43 Equipt tr 4 Ms 1939-47 J&D16 5.25 „Eiul? trust 5Ms Sept 1 '39-'44. North Amer Cement Corp— 101M 109 X 98 M 90 P,eJ> 6MsA with warr '40-M&S 6Ms 1943-.M&S 20 46 88 25 Income 6Ms 1953 M&S Nor Amer Refract 6 Ms 1944-J&J North German Lloyd—- -98M 20-yr s f 6s 1947 New 6-4% 1947 46 46 127 84 123 72 40 M 128 M 124 75 40 M 2?* 77 29 M 45 101 47 11 M&N 102 100 F&A 60 80 6s stamped 1943 McOormicks, Ltd, 4s 1952 McCrory Stores Corp— 5s g f deb 1951—— F&A 40 43 83 M 85 105M 100 M 106 M McKesson & Robbins Inc— 20-yr conv deb 5Ms 1950.M&N 46 M _M&N 103 M 47 M 104 4.00 4.00 Equip tr 4s ser J 1939-46-J&D Eq tr 3Ms ser K 1939-48--A&O Northern Elec & Nor Pap Mills— 1st 4s 1940-47 ——M&N 1st mtge 5s to 1948 Debenture 6s 1943 4.00 92 93 M&N M&N 78 / 55 l8tc^fcges f 5Ms w w 1945-F&A 5Ms without warr 1945. F&A Norwestern Term Co 5s '48..J&D / Nova Scotia S & C 5s 1959..J&J / 6s perpetual stock J&J / 1st conv s f 3 Ms 1963 J&J O Oonnor Moffat deb 6s '38 F&A O Gara Coal 5s '55 op aft'08 M&S / Ohio Leather conv deb 5s '46.J&J OM Ben Coal Corp 6s (w s) 1948 Inc deb 7Ms (ws) Aug 1 1953- / Oregon-Am Lumber 6s 1942.A&O / Oregon Pulp & Paper 6 Ms to Apr 30 '37. 6% to 1945—M&N Oreg Terminals inc 5s 1945—A&O / Orono Pulp & Paper 6s stamped 1943 J&J / Osgood Co deb g 6s 1943 J&D A&O 98 M M&S 1947—M&S 94 % 95M 89 89 % 0s£?S? FadsOorp 4 Ms 1952.M&S Without warrants 50 Otis Steel s f 4Ms A 1962—J&J Oxford Miami Piper 6s 1947-F&A Pacific Atlantic SS 2-5s '43-M&N / 108M Memphis Commercial— Appeal 4Mb 1962 Mengel Co conv 4 Ms Mercantile Stores deb 5s 1947 J&J Merchants Distilling Corp— 5% conv deb 1947 M&S Mersey Paper Ltd 5s 1957—J&D 95 40 M&S 96 99" Pacific Coast Co 5s 1946 Messenger Corp deb 4 Ms '51 J&J 82 85 88 90 90 Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 J&D15 50 Pan Amer Petroleum & Transpt- 79M 75 12 97 M 16 2 30 94 M 32 27 59 79M 74 ,35 80 56 M Pan-Amer Industrial 7s '37.M&S 1942—J&J Conv s f deb 6s 1947 J&J 55 Metropolitan Ice 7s 1954---J&J Metropol Persons Loan 7s w-s *57. 99 M Miag Mill Mach'y 7s 1956—J&D 99 % Middle States Petrol 6 Ms 1945__ 79" 35 93 Pac Coast Cement 6s A 1942.J&D 97 8M 85 N'west Pub's Deb 4Ms 1948.J&J Northwestern Barb Wire Co— 90" 54 99 66 M&N No/th.e£5URedwood Lumber— 6s 1937 j&D 25 47 North Western Refrigerator Line Equip trust 4s ser I Jan 1 '39-'43 78M Leaf Milling— M&N 63 1952"-——M&N 103 % 1001 J&J 99 va^ic ^?.b ^d mtge 7s 1946 J&D NordbOTgMfg c° 107 M 1st s f 4s Feb I 1957 M&N Manhattan Refrig 5Ms 1941-J&J Mansfield Min & Smelting— 7s without warrants 1941-M&N / 47 M J&D J&D N Y World's Fair 1939— Deb 4s 1941 Nirone Corp 4s 95 Manati Sugar 1st 7Ms '42__A&0 Ceitificates of deposit If vvKd-^5%,to 1943—J&J S3 SWpbuildingRock Corp— lst 5s '46.M&N New York Trap 105 rtlh F&A M&N 55 52 A&O AT V T N Y L E & W Dock & Impt— 128M Llbby McNeil &Libb 5s '42.A&O Liberty Baking 6Ms 1944.._M&S Liggett & Myers g 7s 1944.-A&O Gold bonds 5s 1951 F&A Lincoln-Boyle Ice 6s 1947 A&O Lindsay Nunn Pub 6s 1944--M&S Lion Oil 4 Ms 1952 A&O Liquid Carbonic conv 4s '47-J&D Loew's Inc deb s f 3 Ms 1946-F&A Logan County Coal 7s 1942-M&N Long Bell Lumb 6s sei A'42. J&J 6s series B 1943 A&O 6s series O 1946 F&A Loiillard (P) Co g 7s 1944—A&O 86 86 53 100 Subord notes 5s A 1947—J&J Subord notes 5s 1947 J&J 103 103 M 65 M J&J 14 M „ 5M 14 M 92 M Gen s f 6s ser A 1949 Messer Oil 1st & ref 6s Miller & Hart Inc. deb 6s '43 St* 28 J&J 108" 25" Certificates of 35 93 M 90 60 120 Miller & Lux Inc 1st M 6s '45A&0 7% gold notes 1935. A&O Minnesota & Ontario Paper Co— 1st 6s series A 1935 A&O 1st 6s series A 1945 A&O J&J M&N 37*4 37 M 8M 101 eries O 1950 5-yr 6%vpote tl931 M&S '41—J&J Missionary Sisters (Waukegan. Ill) 1st ref 3 M-4s 1951—A&O / This price includes accrued interest, deposit 7-yr div notes 3M« 1943—J&D _ 7-yr dlv notes 3M« 1944—J&D Conv deb 3 Ms 1947 34 36 37 * 38M 38M 38M 98 M k Last sale, n J&D Panhandle Eastern Pipe Line— 1st mtge & lien 4s 1952- —M&S Paramount Pictures 6s 1955-J&J 115M 1st 6s series B 1948 " lol National Steel Corp— K0°nv5% notes 1947 53 M 96 26 23 100 Gypsum 4 Ms debs 1950 M&N N\LE&WO & RR— 92 M o4 Leonard Tietz—See Tietz Leipzig Trade Fair 7s 1953-M&N f Minn Valley Canning 6s b Basis. ..Without stock ^°an 78 1957— NatOH Prod deb 4s 1952—J&D National Radiator Oorp 26 M Deb 6s 1943 with warr 5M at 100 99 M —- / Natl Grocers Ltd 4s 1947--.A&O Nat 99 Deb g 5Ms Medusa Portland Cement— 1st conv 4-5 Ms to 1945 106M 93 Newport Industries— 22 Lane Bryant Inc deb6s*40wwM&N Lautaro Nitrate Co— Mead (The) Corp— 1st M 6s 1945 with warr. 106 New 55 88" 104 55 Oorp— Nat Union 92 57 27 27 86 lRt Co".mtge s f 4s 1965.—J&D Natl Tool conv deb 6s w w 80 23 23 88 103 H 52 6s«eries A with stock 1944 M&N / 100 M A&O 92 ATCum conv inc 5s 1952. _ .M&N Natl Food Products at 5-6s April 1 1946 • National Fire Proofing Co— 1st M conv 5Ms A 1946-M&N 22 100M Lake St John Power & Paper— 1st 5Ms 1961 _J&J Debenture 5s 1961 An Apr , / / Series A & D 80 La France Textile 1st 6s *42. J&D 65 101M 8xt to *46-.J&D ^I6 Bojlndbolders partic ctfs 99 Keystone Steel & Wire— 3% notes 1939-1941 M&N 4% notes 1942-1945 M&N Kings Co Refrig 6s 1942 A&O Klngsport Press 6 Ms 1939—F&A Kingston Elevator 1st 6s *50 M&N Kinney (G R) ext 5 Ms 1941. J&D Kirby Lumber 1st 4s 1947-J&J 16 Koehring Co (Milw) 3-5s '45. J&J Koholyt Corp 6 Ms 1943 M&S Koppers Co 4s 1951 M&N Kresge Foundation— 10-year coll tr 4s 1945 J&J 3 Ms coll trust notes 1947-F&A Kreuger & Toll— 5s uniform ctfs of dep 1959I/ lolfl 2 (Central Funding series M&N 1st 6s 1940-1949 2M 28 iGeri Sandbank 6 Ms 1938 TJ + 35 -A&O Series B & O 1st & coll4Ms A 1949 McOoid Rad & Mfg— 92"" a AT McColl Fronteaac Oil— 107 55* 76" 64 Dec. 28 M? Jan< 1 1937 r? 98 j&j Certificates of deposit 64 86 M J&D Independent Brewing 6s '55-J&J 100 Indian Refining 5s Dec 1 1941— 63 Indiana Ice & Fuel 6 Ms '47.M&N 1/ Ind Limestone inc 6s 1952--M&N Prior lien s f 6s 1942 M&N Indianapolis Motor Speedway— 70 1st extended 6 Ms 1946—-F&A 90 Industrial Acceptance 4s 1952 J&J Indus Rayon 4 Ms A 1948—J&J ,91 107 H Inland St'l 3 Ms ser D 1961—F&a Interlake Iron Corp— 88 Conv deb s f 4s 1947 A&O Internat Agricultural Corp— 102 M 1st & coll tr s f 5s 1942— .M&N International Match Corp— 5 Deb s f 5s 1947 M&N !3M Certificates of deposit Conv deb 5s 1941 J&J15 13M Certificates of deposit Internat Mercantile Marine— 52 M 1st M coll trust 6s 1941.-A&O Called Jan. 1 at 101. Secured 6s 1937 73 / Munising Pap 6s A &B 1943-A&0 Munson Steamship Line— 95" Massey-Harris Go 6s 1947-_A&0 McCloud River Lumb 6s *48 J&J 104 M \fk 40 M * 37 On 84 5 Ms to 1949 J&D Marine Elev (Buff) ext 5s '52M&S Marlon St'm Shovel 6s '47 A&O J&J 98 76 66 65 62 M 27 M&N Keyes Fibre 1st 6s '38-'39 M apl e Hungarian-Italian Bank Ltd— Sinking fund 7Ms 1963—A&O Hygrade Food Products Corp— _ 1st & ref 6s Jan 1949 A—A&O 90 Pnl! £ o#*fs ser A J941 — J&D nM 8er 2 1946 -J&D S o$"fs ser 3 1951 —J&D tvtSwPt? ^'As„R,er,4 1 q56 - - J&D ^^e0PaPMiUs 1st 5s1952 J&J Motor Transit inc 6 Ms '51 .A&O n 23 ™ 5s. 1951 Lukens Steel 5s extend 1955 102 Illinois Steel deb 4Ms 1940—A&O , Ilseder Steel mtge 6s 1948---F&A 1 Moftborco^^2"5810601'53 ti* 4s coll trust conv 1947 77 51 2d mtge inc 6s Feb 1956—— Hungarian Central Mutual Credit Mfg 7s 1937 J&J Hungarian Disc & Exch Bank— 35-yr sf 7s 1963— J&J International 76 92 Le Tourneau Foundation— 65M Hudson Coal 1st 5s 1962 A—J&D Hud Riv Day Line— S f 1st mtge 6s 1946—---J&J 1939 74 96 M _ 1st coll 3-5s 1950 A&O Housing & Realty Improv— 7s 1946 M&N Houston Oil Co of Texas— 6s 1949 series B Ice Service 1st 6Ms 92 48 (R) & Co 5-7s 1944 ws..A&O 4M-6M8 1st mtge 1944—-A&O Holland-Amer Line 6s '47--M&N Holly Sugar Corp 2s 1939—A&O 1st 2 Ms 1940 A&O 1st 3 Ms 1941 —A&O 1st 3 Ms 1942 A&O 1st 4s 1947 A&O Home Serv Corp 6s 1957 A&O 5Ms 98 97 M 87 Heywood-Wakofield 5s 1946 J&D 10-yr sec s f 100 99 65 67 76 Hoe f 5s 1950--J&J 1st mtge 4Ms ser A 1961..M&S Journal of Coram 6Ms *47-—J&J 99 M 12 Hart Coal inc 6s 1945 -----Hatfield-Campbell Creek Coal— 88 1st 6 Ms 1948 M&i Hawley Pulp & Paper Co— , 1st 6s sf 1946 —J&Jl/ 104 Haytian Corp inc 8s Oct 1938--— f IV* 73 Hearst Publica6Msto 1947-M&N i 95 Heller (Walter E) 4s ww *46.A&OI 90 Helvetia Coal Min 1st 5s '68 A&O Hightstown Rug 6 Ms w w 1944- _ Hines Land & Timber 6s *48--J&J s Lake Erie Bolt & Nut— / Home Service 22 94 M Harris-Seybold-Potter— VUU? 62 98 t^o Great Lakes Paper 93" 44 J&.' 1942 Stores 6s extended Grand Rapids 86 M 84 101 50 91 74 Molybdenum Corp of Amer— 6% notes 1942 J&D 86 Monon Coal—See Chic Ind & L Ry. Monroe Coal Mining 6s '47 F&A 94 Jefferson & Clearfield Coal & Iron Kansas Pipe Line & Gas— 99K Gould 75 7M 1st 6s 1943 with Am shs.-M&N Ctfs of dep w w stpd 1943— 60 J&D Graham Paige Co 1st 6s *43-F&A Granby Consol Mln & 8m 5s 1942 80 18 8M 98 14 J&D 1942 Bid Bonds M°bawk Rubber ext 5s 1948 A& O Jones & Laughlin Steel— 7,3" 55 1945—A&015 58 series •I (P L) 5M% dividend Indiana Co 1st 50 92 Conv deb 4Ms ser A 1941.M&S 104 Godchaux Sug 1st s f 5s '47.M&N Good Hope St & Ir Wks (Germ'y) / 39 5 f g 7s Oct 15 100 Goodrich (B F) Deb g 6 1945 J&D 1st mtge 4Mb 1956 Gordon Baking Co (Mich)— Jacobs notes 14 56 1 Inc— 73 Ask Bid Parmelee Transportation S f conv deb 6s 1944 M&S Co— __A&0 *56-M&S Pea body Coal Co (Consol Co)— Paton Mfg Ltd 1st 4 Ms 9 100 Nominal. 1st s f 5a 1953 ser A -\M&N M / 40 M 40 M 96 96 105 H 99 M 88 49 100 83M 72 INDUSTRIAL JAN., 1939] MISCELLANEOUS & 83 BONDS NOTICE—A11 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 Penn Amer Goal 6s 1941-50--J&J Penn Mercantile Servel 91M 106 M - 94 107 M Pettibone MuJ liken— —M&S / 28 6% notes w w 1938 M&S / 8 Phelps Dodge 3 Ms 1962 J&D 113M Phila & Read C & I 5s 1973.. J&J / 125/8 Conv deb 6s 1949 M&S f «§* 98 Phillips Elec Works 5s 1953.P&A Phillips Petr 3s conv deb '48.M&S 112M Phoenix Iron 1 st s f 6s 1946.M&N 103M Phoenix Silk Mfg 7s 1943...F&A Pickering Lumber 6s A '46-.M&N t 21* w w 1943 Pierce Butler & Pierce 6Ms *42.. Pine Hill Collieries 1st 6s '42 A&O / Piredi Co of Italy con 7s '52 M&N 115" 13 M 3M 99 112M ~9~" 22 ~5~~ 2 89 M Pittsn Brewing 6s Feb 4 '49...T&J 106" Pittsburgh Coal deb 6s '49..P&A Pittsburgh Coke & Iron Co— lot mtge conv 4 M« 1952—M&S Pitts Crucible Steel 5s to '45.M&S 105 Pitts Steel s f 6s 1948 106 " 93 92 104 F&A 99" 97 M Pocahontas Consol Collieries 1st gold 5s 1957 op J&J Poor & Co s f deb 4s 1940—A&O & 103 105 97 95 Portld Woolen Mills 6 Ms'41 M&N / Porto Rican Amer Tobacco— J&J Conv 6s 1942. Corp 5s 1948 Ask 80 M 41 '37 M 6s stamped 1942 40 96 Port Royal Pulp & Paper— 5s to 1941 I Potomac Bond Corp 2-5s 1953— 46 M 98 107 M 104 M l&-year 3Ms debs 1951—M&S Sheridan-Wyoming Coal Co— 1st s f 6s 1947 73 ....J&J Siemens & Halske 10-yr 7s "35 J&J / ,... Deb g s f 6 Ms '51 with war M&S 75 Deb 6s 2930.— Ann Apr 500 7s 1940. J&J 100 Signal Oil & Gas— Conv 6Ms A 1945 102 M&N 70 SIgnode Steel Strap 3 Ms *45.A&O Siiesian-Am Corp 7s 1941 75 F&A Bilverw'd Dairies 5s '41 to '61 J&J 95 Simmons Co Conv deb4s'52A&0 97 M Simpsons Ltd— 99 1st & coll 4Ms A 1951 J&J 103 M Skelly Oil deb 4s 1951 98 Slattery Co 1st 6 Ms '45 M&N Smith (Howard) Paper Mills Ltd 1st 4Mb 1951— 100 J&D Smith (L C) & Corona Typewr'rs 100 M Deb2% to4M% to 1946—J&J Smith & Wesson 5Ms 1948..J&J 55 So cony-Vacuum Oil 3 Ms '50. A&O 106 M South Coast Corp— Gen mtge inc 6s April 1950 / 80 M Southern Advance Bag & Paper— 1st s f 6s 1947 J&D 100 Southern Brighton Mills— 1st gtd 7s 1940 69 —J&D 1st gtd 6Ms 1940 70 M J&D Sou Ice & Util conv 6s 1946.F&A 83 — . Southern Ice Go— 1st & ref 8-5s 1942 A&O '63- 88 M 54 57" Southern 53 M 57 M Potomac Md Deb Corp 94 105 76 M 79" 102 H 79 M 97 98 100 103 % 3-0s 1953 3-6s 1953. 53 56 40 41M 82" 1940 .... 97 2d conv deb 4s 1957 M&£ Produce Term & Cold Storage— 97 84 Protestant Church of Germany- 7s 1946 A& / 20M 100 97 Quiker City Cold Storage— 39 86" 23 * 101M Stevens & s f 1947—J&D 62 Stillwater Worsted Mills— Deb 5 Ms A 1943 98 / Stinnes (Hugo) 14 102 M 99 102 M 100 92 M 92 M 94 M Republic Steel Corp— f 93 M 107 106 M 95 97 Revere Copper & Brass— 1st mtge 4 M8 s f 1956.. 99 M 7 7 55" 50 lo" 35 20 Richardson & Boynton Co F&A / 12 8 Richfield Oil of California— 105 104 M : 35 6s 1953. —A&O / deposit 1946.-A&O / A&O / / Riordon Pulp & Paper Ltd— 1st 6s June 30 1942—J& 1st mtge s f 5M8 ww 1949-A&O Studebaker Corp 6s 1945 J&J / Stutz Motor Car 7 Ms 1937-.A&0 / conv deb M&N A ser 13 M 20 M 96 Tenn 65" 95" 25M 1'iS!* if 2$ >/ 3" 20 M 90" Rueping (F) Leather 6s '40. Ruhr Chemical 6s 1948 95" >/ 7 35 23 105" 104 M 63.00% 103 94 & RR \f 16 M 54 M 103 57 Three Rivers Grain & Elevator— 1st s f 5Ms ser A 1951 M&S 80 Union Compress & warehouse— 1st 2 M-4 Ms ser A 1942 J&J 7 / Gen & ref 6 Ms 20 M 20M 22 M 11 )37. 7 1/ 84 6s 13" 65 7 coup on s f 6Ms 1946 Stamped B Guar ser / A&" 7 / 27 M 22 M 8 17M 18 29 28M 30 32 88 Stamped (July 1933 89M 120 108 101M / 85 64 May 1 1942 ser A f 5s lOlM United Elec Coal Cos inc 7s 1946United Drugs 5s 1953 M&S15 65M United Grain Growers Ltd— 5s series A 1948 J&J 5 Ms series B 1949 * Called March 1 at 100 to 105. dian price, s Sale price, y J Called Jan, 1 at 101 to 101M. 80 seats, 70 members. M&N b Basis, * 24 M 46 47 42 44 M&N M&N 98 '42 op M&S 1940. _'J&J West Indies Sugar 6s 1947. _A&0 95 West Va Pgh Coal 6s 1947 Pulp & Paper 4 Ms '52 J&D W Va 33 109 72 M 85 88 90" 84 88 91 25 107 M 83 102 H ■ir" "6" 106M 107 M 58 Western Steel Products— Gen 8 f 5s Jan 311956 46 QFeb 60 Weyenberg Shoe Mfg— 101 Debenture 4Ms 1945—...J&D Wheeling Steel Corp— 1st M s f 4Ms ser A 1966--F&A 93 M Whitaker Paper 7s 1942 110 __M&N White Sewing Machine— Deb 6s 1940. M&N 101M Wickw Spencer Steel 7s '35--J&J Certificates of deposit / 11M Pr lien & coll 7s Jan 1935.M&N ser of deposit 11M J&J M&S A 1930 Secured 6s 1945 Wilbur-Suchard 4s 1952 Wilson & Co 4s J&J J&J A 1955 ser 17 M 84 9 Wilcox Oil & Gas 6s 1945 A&O 101 101M 94 M&S 101M Wise Lime & Cement 6s '38. A&O Witherbee Sherman Inc— Extend Income 6s 1963 M&N Wood (Alan) Ir & St 6s 1944-A&0 49 M 103 75 Dairy— J&D 91 J&J J&J 4s series A 1946-1947 J&J 4 Ms series A 1952 J&J Woodward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962. .Ann Apr 94 0M.8 w w 1944 — Woods Mfg Co Ltd 1st 3s to 1941 3 Ms series A 1942-1945- 93 92 109"" 111 Woodward & Tier nan Print— 103 107M I 73 M J&J A&O J&D Youngstown Sheet & Tube— 1st M s f 4s ser C 1961 M&N Conv 4s debs 1948 M&S 6s 1942 York Ice Mach 6s 1947 Debenture 6s 1943 EXCHANGE 96 75" 92 95 80 104 M 106 M SEATS No. Last Sale 99 106 M N Y Stock Exch—1,375 $70,000 N Y Cotton Exch. N Y Cof & Sug Ex. N Y Curb Exch... 450 9.000 344 2,900 12.000 Baltimore Stk Exch 550 76 Boston Stock Exch. 139 Chicago Bd of Tr__ 1,549 Chicago Stock Exch 356 8,000 900 500 4.000 1,500 2.000 2,500 1.000 3,800 1,500 53 Cleveland Stk Exch 50 Detroit Stock Excb 66 66 350 Kan City (Bdof Tr) 213 75 177 4,000 1.000 523 19 1,200 1.000 46.000 i~,666 800 '750 Los Ang Stock Exch Milw Grain & Stk_ 116M Minn Ch of Comm. 110 Minn-St P Stk Ex. 28M Montreal Stock Ex_ New Orl Cotton Ex 80 41 1/80 500 98 650 3,506 150 New Orl Stock Ex. 97 70 100 Phila Stock Exch__ 200 975 Pittsb Exchange. 115 46 1,250 Salt Lake Stock Ex. 49 500 18,000 Stock Exch. 500 108M 109M 82 M 92 83 M 94 San Fran Stock Ex. 69 97 99 Seattle Stock Exch 1 28 300 69 70 Seattle Curb & M Toronto Stock Exch 113 65,000 Washington Stk Ex Winnipeg Gr Exch 40 500 300 463 3,700 3,300 St Louis - — 90 Western Newspaper Union— ' Conv deb 6s 1944__ F&A Conv debs 3 Ms 1947 Winslow Bros & Smith— 126M 115M 5 f 6s Oct 1 1952 121 67"" 35 W Va Coal & Coke 1st 6s '50. J&J 100 ser A&O United Corps Ltd inc 5s 1953 F&A 92 95" jLOI A 1956 F&A United Biscuit deb 5s '50 A&O United Cigar-Whelan Stores— s 76 63 M Webster C&C 1st g 5s West Disinfecting 6s 4 15-yr 3 Ms deb 1952 J&J 109 Union Rock 1st 6s s f 1947--M&S / 27M 1st / Ft Worth Gr & Cot Union Term Coal Stor 6s '39-F&A United Amusement Corp— - M 106 50 F&A — 103 M 45 49 1st 5s 1943-1951 J&J Union Oil Co of California— —, 40 M&S 1937 103 M 58 M 97 M Ticonderoga Pulp & Paper 6s 1940 Tide Water Assoc Oil 3M* '52&J 106 Tietz (Leonard) 7Msx-w '46.J&J / 28M Tilden Lumb & Mills 6 Ms'46M&S / 22 M Tlvoli Brewing conv 5s 1947 J&D 65 Tomahawk Kraft Paper— 1st 5s (withstk) 1951 55 A&O Trask Timber 1st 3s 1944 J&D / 44 35 M&S 1941 6s 5Ms 1943 92 Conv 68 4th stamp 1950--F&A Unified Deben CorpSs 1955 . f deb 103 % 18 103 Term r _ s 5Ms notes 3 M&S 102M J&J / 70 Refrig & Warehouse Corp— 4 Ms 1948— A&O Term Warehouse 2d 5s '42.-J&J 47" Texas Corp deb 3Ms 1951--J&D 107 M Texas Sugar Ref 1st 6s '44.-F&A f Thermoid Co 5s w w 1951--J&D «. M&S Warren (S D) Co— 1st mtge s f 4 Ms 1952 Conv deb 4 Ms 1952 102M Ulen & Co— 48" Saratoga Victory Mills— 6 Ms with warrants 1943. Saxon Pub Wks (Germany)- 102 M Copper & Chemical— 98 45 Conv Certificates Conv deb 6s 1944 ser B Tenn Prod 1st 6 Ms 1930 ~4M 19 38 Warren Bros Co— 101 81 12" 11M A&O 1944... __A&0 1st 6s 5-year 7s 125 . 98 M (Hiram)-G & W— 4 Ms 1945 105 M 103 6l" , St Louis Gas & Coke Corp— _ Warner-Quinlan Co 6s 1939.M&S Warner Sugar Corp 7s 1939.J&J 49" 107 M 95 1951.-J&J 5s Victor Amer Fuel 6s 1940 F&A / Victor Fuel 1st s f g 5s 1953. J&J Va Iron Coal & Coke 5s '49.M&S Woodland Farm M&N J&D Taylor-Warton Iron & Steel— Coll inc 7 Ms July 1 1958.-A&O Coal — 105 M 31 70 58 83 2M 99 1st coll conv 5s 195170 -A&0 Vertientes Sugar 1st 7s 1942. J&D / 11 Certificates of deposit : / 10 Viau Biscuit Corp 6 Ms *46—J&J 100 Vicana Sugar Co 6s 1955 4 J&J / Certificates of deposit 16 24 M J&D f Swift & Co 3 Ms 1950— Taggart Bros Co 6s 1944 Tenn 56 Warner Co 75M 70 100 95 103 Susquehanna Silk Mills— 116" 112 M&S / 1st M serial 6s 1932-1942.M&S / Sunray Oil Corp— 5s J&J Warner Bros Pict 6s 1939 12 48 90 104 M 50 98 20-yr 1st mtge 4s 1955 Sugar Pine Lumber Co— 103 Rocky Mtn Fuel 5s 1943. 18 40 - Sink fund deb 5s 1938 A&O 1941 Walton Lumber 1st 6 Ms '41 Q-Jan Walworth Co 6s s f deb 1955. A&O 1936 J&J / 82 4s ctfs of deposit 1936-_J&J / 70 2d stamped 1940 J&J 60 Strange (John) Paper 6s '44—J&J 96 Strawbridge & Clothier— 1st s f 5s 1948 M&S 100 50 48 Conv deb 5s Deb J&D Waltham W'tch & Cl'k 6s '43 J&D 7s unstamped 56 / J&D / 48 M 6Msseries01951 J&D/ 49M 6Ms series A 1947 J&J / 48M United Stockyards Corp— 88 M 15-yr coll tr 4 Ms A ww '51 A&O United Wall Paper Fac 6s 1 947 104 Universal Sewer Pipe 6s 1943 J&J 45 Utilities Elkhorn Coal 6s 1948 J&J / 22 Valvoline Oil ext 5s 1947._M&N 95 Vanadium Corp of Amer— 35 97 2d stamped 1946 Stinnes (Hugo) Industries— Sugar Estates of Oriente— 1st 7s 1942 ctfs of dep 6 Ms series A 1951 Walker Struthers Wells Titusville— 93 M 101 > Union 7s 1946.. 100 M 4s ctfs of 104 M 53 Corp— 7s unstamped 1946 Remington Rand Inc— 56M U S Steel Corp 3 Ms debs *48 J&D United Steel Works (Germany)— 91M 73 Thompson Pap 6s 1942 / 90 Vulcanite Portland Cement— 1st 7 Ms 1943. M&N Wabasso Cot'n 3 M-4 Ms '51 F&A J Spang Stern Brothers 6s notes— 5 116 Vertientes-Camaguey Sugar— 101M 19 .. Radio-Keith-Orpheum Corp— Part paid ctfs (for 6% deb an common stock) 65% paid.. ./ Debenture gold 6s 1941. J&' / 73 Midwest Corp ref 6s 1940.M&" 90 Railway Express Agency Inc— * Series 5s 1939-'49 (s-a)__M& 106 Rheinelbe / 98 F&A Van Camp's Inc 1st 6s 1943 Dairy Products— Conv income 5s 1944 Conv deb 3 Ms 1946 M&N U S Print & Litho 6s 1950.-A&O U S Radiator Corp— 32M A&O 1950 100 1st sink fund ser B 1949-.F&A U S Finishing 5s 1944 -J&J / U S Pipe & Foundry Co— deb sf 5s 1946 25 61 99M Van Dorn Iron Wks 7s June 1 1942 106M 72 104 Chalf't & Co 1st 5s '48 J&J "Springfield Ice 7s 1944 J&D / 4 98" Square D Co deb 5s A 1945--F&A 101 99 104 M Staley (A E) 1st mtge 4s '46.F&A Standard Ice 1st 6s 1947 F&A Stand Oil (N Ji deb 3s '61-—J&i» 104M 102 M 115-yr 2Ms deb 1953——-J&J Serial notes 1M% 1943 J&J 101J4 102 H 2% 1944 J&J 1945 J&J 97 % 102 M 1946 ..J&J 102 M 41 103 M .o 1947 1 J&J Stand Textile Prod 6Ms '42 M&S / 17 Stanley Co (Camden) 6s 40 J&D 77 Stanley Crandall 6s 1946.-F&A 91 73 M Stanly-Rowl-Clark 6s 1946.-F&A 90 Starrett Corporation— Secured cum inc 3-5s Apr 1950. / 32 Steel Co of Can 6s 1940 J&J 107M 100 -- 100 Serial w s U S Cold Storage (Kan City)— 1st sink fund 6s ser A1946_F&A 50 iS'west Lumb Mills 5s 1955._M&N / Price Bros & Co Ltd- 3s 1st 4s 25 90 M 1946—J&D Southern New England Ice— 1st s f 4 Ms 1967 A&O Southern United Ice Co— Southwest 80 lst 1st leasehold 4Ms 83 - 102 M 68 Improvement 1st 5s '41- / Bid United Industrial 1st 6s 1945. J&D f Deb 6Ms 1941 .M&N / United Securities Ltd 5 Ms 1952.. U S Cold Storage(Chg)6s'45.J&j conv Southern Kraft Corp— Potomac Franklin Deb 3-6s 1953. 50 M 54 M Potomac Cons Deb Corp 3-6s Potomac Deb Corp 3-6s 1953 Bonds United Merch & Mfrs 6« 1945 J&D 95 M 6 '46 J&D J&J J&J Shell Union Oil Corp— Pennsylvania Glass Sand Corp— 1st s f 4Ms 1960 J&D 68 Bid 42 f 3-4s 1961 s Bonds Securities Accept Corp 5a ^neca Copper 7s 1933 Properties— .J&J Pennsylvania-Dixie Cement Corp 1st m s f 6s 1941 ser A.M&S15 Secured Ask 90 91 93 93 95 f This price includes accrued interest, _ / . k Last sale, n 40,000 Nominal, r Cana¬ Quotations for all securities Stocks Par Stocks Bid possible for the closing day of the month preceding the date of are as near as Par Bid 20 193765 Stocks share 5 20 7 % preferred--100 109 Drayton Mills Can Durham 62 A Hosiery— 6% preferred--100 Dwight Mfg.—123* Eagle Yarn Easley Cotton Mills 22 7 % preferred Efird Mfg Northern Mills 98 Algonquin Print-100 American Mfg. .100 Preferred 5c 20 60" 5 45 243* 25^ 75 80 100 Preferred 73* 73* City Mfg 100 Bourne-Mills——* Brighton Mills— Preferred 100 Dexdale Hosiery— Preferred 100 6A 34 30 43* 19 20 18 SH 24, Preferred 100 M * .k 16k 1 17% 2A 36A 4A 40 5k Nashua M (N H) 100 Preferred 100 24 2nd preferred---1 Nonquitt M(NB).( 6 9 17 19 Pacific Mills- 13 k 14 A • 8 27 Patchogue Plymouth Mills S3 cum pf_ 1 _ Pepperell Mfg 100 100 Pierce Mfg Pilgrim Mills 100 Plymouth Cord--100 70 1 Co (F R)— 3 23 88" 85 Powdrell & Alexander common 5 ich Borden Mfg 8uissett Mills—100 4A 4A 12 * 70 38 7 9 94 98 85 95 18* 23 in 36 32 4A 31 41 50 60 33% 5k Butte 25 30~~ 32 37 35 Majestic Mfg Marion Mfg Co 97 40 102 4 5 Acme Spinning 2A 93 Alabama Mills * Amer Yarn & Proc._ 46 7% preferred—100 100 2 A 2 A 97 J* 50 Anderson Cotton 100 50 * 38 43 100 Mills 88 93 Appleton Co Preferred Arcade Cotton 25 20 Avondale Mills...-1 7 25 8A Beaumont Mfg—.. p 95 eferred _ Belton Mills (SO).25 Preferred.. Bibb Mfg. 13 * 100 - - 85 19 •»*»•••» 23 3 84 14 87 Calhoun Mills _ 143* 50 40 45 Callaway Mills ♦ 17 20 Mills Ohadwick-Hoskine * 31% 33 A Cannon ha Co 10 f 8 % preferred. 100 China Grove Cot— Chlquola Mfg 20 6% preferred-.— Clifton Mfg (SO) 100 Climax Spinning..50 Columbus Mfg (Ga) Common 100 Converse (D E)_100 Crescent SpinningDallas Mfg (Ala) 100 Darl'gton Mfg(SO) 5 _ ..... Sterling Spinning Stowe Spinning.. Textiles Inc com..10 Class A pref...100 Class B pref 50 1 3 A lk 1% 8k 9/ /16 8 A * 49% As 33 35 1 5 8A 75 65 80 _«•••• 25" % V* BosRET(Bos)_100 Bos Stor 28 60 Boston Wharf Cent BldgTr ~5% Chic R E Trus'g. 100 a 1A 1% 68 7 " 10 Cresson Consolidated — — 46 — " Cusi M Eagle Pith Lead.-10 — •* M. 40" -» 33 l-*COl 145* 7% preferred-.100 63 67 88 55 61 120 25 27 19 23 60 Smelting com._ 10 7% preferredlOO MM. — common 7 73 A 10 & 78 Smelting % 38 40 8A 14% 15 5 49 k 64 % 50 k * 33 k Copper Mining * 4A 16 A 20 1 8A 1 Island Creek Coal-l 50 $6 preferred 17 Isle Royale Cop Jardine Mining 36 35 k 55 A 65 6k 20 122 1 16% 8A 1A 20 A 124 lk A 43 A A 2k A 43 k k King David Min.50c 41 30 10c 20c 25 1 Kirkland LakeGold 1 Lane Rincon Mineel Lake Sh Mines Ltd 1 83* 10c 50c 52 k Ilk 53 A 12 104 56 Wallace Mfg Co Ware Shoals Mfg 100 65 7 % preferred—100 90 _ _ 45 Copper....5 Mining Corp of — Washington MillslOO 80 50 85 Mills..* 106 6A 30 38 13 A 16 Preferred 100 West Point Mfg. _20 17 A 19 k 1A 2 Winget Yarn Mtge 6s 79 82 118 123 113 4A 7k 10 k 20 A 8k Castings 5 2A 2% % 38 k 6% preferred A.50 Aero Supply Mfg— Class 6k 27 Advance Rumely..* Aeolian Co— com Class B 6A 22 * 5k Aetna Ball Bear-—1 7 Aetna 5c Brewery. Preferred 29c 4A A...__!._* 1 * 30* 100 Engine* Agfa Ansco M 1 Agne w-Surpass— Shoe com * r Preferred 1A 61A 76 A 63 Alnsworth Mfg 79A Air Associates.....1 Air Devices Corp—1 55" id* lIS 59 23 A 10 26 k Adams Express * Adams Millis * Adams Oil & Gas.* Aetna Stand Preferred 100 N Y & Honduras 35 42 7k m Newmont Mining. 10 New River Co 100 Rosarlo % 24c Mt City Copper..5c National Tunnel and Mines com..* New Jersey Zinc 25 Mills Abraham & Straus * Acme Steel 25 Acme Wire v t c__20 Adams (J D) Mfg—* Aetna Rubber Canada * Mother Load Coali'n Min 68. 9 65 23* 19 k 25 . 82c Miami 98 50 15 50k McIntyrePorcupine5 Lava Cap Gold Mini 82 7 64 78c 7A 37 k 78 1 75 Mfg.. 100 Abitibi Pow & Pap.* 6% preferred .100 7 % preferred—100 $0 preferred 49 k Lucky Tiger Comb Gold Mining 10 Magma Copper Co 10 Mayflower-Old Colony Oopper.25 1st M 6s Jan 1941 Common 57 k tigraph Corp...10 Advance Aluminum 30 96 Dairy * Abercrombie & Fitch 55c 118 A 16 Addressograph Mul- Louisiana L'd & Ex 1 115 Stove.. * Abbott Lab'torles.* 4 A % conv pfd 100 Abbotts' 1A lk 14 _ MISCELLANEOUS A B 5A Kennecott Copper.* Kildun Mining....1 19 5A Aberfoyle Warrants 115 A 8k Home Title Ins (NY) Title Guar & Trust of New York 20 34 ■ Internatl Mortgage Guar. * EmpireTitle &Gul00 9A Inspiration Cons 16 TITLE GUAR¬ ANTEE & SAFE DEPOSIT STKS Bankers Bond & 7A 64 12 A Howe Sound Co Hudson Bay Min Tr(Bo8ton)lu0 . 38 ~A Homestake Mines 10 100 Hotel INDUSTRIAL AND Copper Co.—.100 Mining 25c Holllnger Mines 5 .11 • 115 97 7A Hecla 100 7 A 37 Power common..5 Greene Cananea 1 70 — 107 Granby Cons M S & 9A 94 A Golden Cycle OorplO Goldfield Consol Mines 1 70 a (Boston). 106 a Factory Bldg Tr.100 Fifty Associates (B)_ 2 Zinc, Inc _.l Federal Mining & 110 i Evans-Wallower 83 101 City RET (C)..500 Congress St Associ¬ Kimball Bldg Tr 100 Evans Wall Lead— 80 ~ 10c Mexicana__50c Dome Mines Ltd-. 85 100 a 100 a ates Gold Min & M..1 5 72 Wiscassett Mills Woodside Cotton.20 17 a W'h'se.lOOla 3% 2d Wellington Tr.ioo'a Bd of Tr Bid Bos Gr'd R'TTrlOO a ~5A 92 45 lk 5 REAL ESTATE TR & LAND STOCKS 50 10c Mining Co 59% Union-Buffalo Mills Common 10 5% pref... 100 Victor-Monagh'n 100 7% preferred—100 Victory Yarn Mills— Yukon Pacific 5Z 1st 7% pref..-100 5 1A 8 Y8 A* 70c Copper Canyon. 10c Copper Range Cornucopia Gold.5c 99 13 20 White Knob Copper Preferred 10 Wright Hargreaves Mines * Cons Min & Smelt .6 _ Worsted— Startex Mills Utah Metal & Tun.4 Walker Mining 1 15 57 7 % preferredlOO Southern Weaving.* 7% preferred--100 Spartan Mills 100 27 14 k 3k 1A 8A Common Consol Copper 4 Southern 11c 120 Copper Oo__ 10 25 * com 90 7% preferred--100 Burlington Mills. 1 - Process 10% United Verde Ext50c 26 1 Illinois Zinc 50 5 - 100 Brandon Corp A.100 Class ♦ Preferred Silver-Lead-1 Sunshine Mining_10c Tonopah Mining. .1 Union Copper Land & Mining 25 Utah Clear Creek Cons— Southern Franklin Mills 7% 6 Print Wks 43c Shattuck Denn Silver King Coal 54 25 6% preferred-.100 33c 1 Copper Con> 3 Rowan Cotton Mills Saxon Mills.. 50 Smyre (A M) Mfg 10 7% preferred Southern Bleachery Copper 46 24 81 Cotton- Common .8 5 Chief Consol Min.-l Chile Copper 25 1 Mills. .100 7% preferred.. 100 6c k % r 15 A 10c _ 6A 2k Cerro de Pasco 62 snares. Stand 15 Central Am Mines. 1 23 A 2k "7k Zino-Lead Co Laurens C M 100 Limestone Cot Mills Linford Mills 2A 35 k 35A 10 Sup 8 1 1 5 Carnegie Metals 40 * 5 So Am Gold & Plat.l 7A 38 Calumet & Hecla King (JP) Mfg.. 100 Lanett Bleachery & Dye Works com 10 Riverside & Dan Riv Abbeville Mills 5 2A 2 15% 7% 33 5 ___ Cop & Z Go_5 Callahan 2k 11 Antelope Min Seneca & Mines—1 Gold Dredg¬ Butte & Riverdale Mills— Southern Mills Lead ing, Ltd--, 77 5k 21% 2A St Anth Gold M...1 St Joseph Lead—.10 9A Bunker Hill 80 100 60 55 45 Judson Mills A pflOO Preferred B 100 7% preferred Pacolet Mfg 100 7% preferred..100 Perfection SpinningPickens Mfg Piedmont Mfg 20 Poe (F W) Mfg.. 100 Rhodiss Mills 7% pf 9k Consol Bulolo 4k 20 k 25 Ltd Amer 6c Black Hawk 9" 5 78 Saratoga Victory Roan 2c Comstock—_1 Austin Silver Min-.l 5 1 20 Pond Creek Ariz 10 % Mining..25c Premier Gold M Smelting1 $5 prior conv pf 25 AnacondaOopMin 50 Andes Copper M.20 110 105 1 Amer 105 Polaris 10 Zinc 12c 24c 15 Amer shs ctfs__ 10 Pioneer Gold Ltd—1 105 Gold 37 9k 105 100 100 Pocahontas 20 8 105 100 Quincy Juneau 9c 20c 1 100 STOCKS 17 45 36 f / / / Admiralty Alaska Gold Mining. Alaska 1% 80 1.00 Enterprise— ... Mining Norris Cot Mills Orr Cot Mills—100 30 M—100 35 95 50 18 Consol Mines Patlno Mines & ... MINING 28 Newberry C M..100 32 Soule Mill (N B)_100 Utica & Mohawk Cotton Mills--100 32 *7 A 75 May Hosiery $4 preferred Mills Mill pref.-100 12 k SCRIP 1934..-. 42 73 Preferred Nat Yarn Mills 28 ♦ 37 15 .* Mills common—♦ 39 100 96" Musgrove Cotton 100 Preferred ANCE & Sull'n M & 02 A Mills pref 130 * Atlantic Mutual— Cotton Inman Mills Monarch 7k 13 A 13 A Mfg Mills Industrial 42 100 Bagdad Copper 4% preferred 83 prior pref Highland Pk Mfg 20 6% preferred Imperial Yarn Mooresville —-_* Preferred A—-20 Preferred B 20 (F R) - Marlboro O Mills Shops Common 10 99 Mills— 6% preferred Hartsville Cot Mills. 101 MARINE INSUR¬ 7 20 Knit. 5 7% preferred. .100 40 IS* 90c Oklahoma Interstate Mining Com..25c Preferred Oriental Consol Mining.. 10 Pacific Tin special. * Park-Utah— 40" lOO" JA Utah l Old Dominion Co.25 62 Cottons.. Preferred Henrietta Mills— 3^ 100 - 147 32 Preferred Hanover 47A . 100 Wabasso Cotton 97 Hanes (F H) 12 1 (Baltimore) .... Hamrick Mills 20 8.50 Mohawk Carpet-_20 Mt V-Woodb Mills Wamsutta 16 Nipissing Mines 5 Noranda Mines * North Butte.._ 2.50 Ohio Copper of 105" 60 Ask Bid Par Per share 10 101 * Preferred 100 Penmans Ltd com.* 108 Granteville Mfg._20 Grendel Mills— 93* 66 H m A Units Sanford Montreal 15 46 50 10 Gaffney Mfg.. Conv pref 10 100 Hathaway Mfg_-100 Kilburn M (N B)_75 Luther Mfg 100 * Stocks 65 100 Domin Text Ltd 97 Mills 7 Converters. 100 Preferred 40 Glenwood Mills-100 6*5* Prior preferred-25 Sagamore 41 10 7% preferred Florence Mills—100 7 % preferred--100 Fulton Bag & Cotton Gossett Mills General Cotton—» Gosnold M (N B)__* Preferred 100 8aco Lowell 34 Gainesville Cot Mills ♦ Draper Corp Parr Alpaca Nashawena 12 Flint Mfg Co Ask Per share Preferred 10 Serial notes Pine Martel Mills Preferred 29 Falrforest Finish Co 10 Bid Can Cottons Ltd 100 12 100 Erwin Cotton---.20 6% preferred--100 84 100 Spinning Co * 5% preferred * 7% preferred ♦ BIgelow-Sanford Carpet common _♦ Border 17 58 ^ -.100 Preferred Amoskeag Mfg * Arlington Mills--100 Barnard Mfg_—100 Beacon Mfg 100 Berkshire 16 Par Canadian Mills 29" 27 Dunean Mills. TEXTILE STOCKS Ask Per Per share issue 24 A J* 7 100 r 5 A 1 a • Purchaser also pays accrued dividend. Without par value. / Flat price. k Last sale. n Nominal. r Canadian price. t New stock. x Ex-dividend. JAN., 1939] INDUSTRIAL Quotations for all securities Stocks Par Ask Bid Stocks Par 6594 Air-Way Electric Appliance _.-__-* 1 Alaska Pac Salmon* 394 Albany Packing— Preferred 100 Alberene Stone of Va Vot trust ctfs Alberta-Pacific Giain class A 5 * 66 154 454 53 50 100 7% preferred.. 100 Allen Industries 1 6% conv pref.. 100 i" ill* Chem & 10 13 12 1854 754 19 X 9 11 62 Common * All Metal Products 2 47 94 48 6% preferred..100 Alum Goods Mfg..* Aluminum Indus..* Aluminum Ltd * 6% preferred. 100 . Amal 1 Leather 6% conv pref..60 Amalg Sugar—...1 5% preferred---10 Am are 1 Corp 100 Amerada Corp * Amer Agric Chem.* Amer Air Lines...10 * American Arch Am Bakeries pref Class A Class B 354 8% 20 19 24X 20 128 110 10 Am Bank Note 6 % preferred 50 Am Bemberg com.* Preferred 100 Am Beverage Corp. 1 Amer Bosch Corp 1 Amer Box Board.-1 1454 384 13854 107)4 254 IX 15 154 70 i" 32 36 46 44 . _ \ly 35)4 K* 10 60 12 82 88 59 IX 58 754 8% Common 51X ... 554% conv pf. 100 American Can-—25 7% preferred-.100 Amer 154 61 8 954 6154 131 132 10051 17454 10054 17654 Canadian * Properties Am Car & Fdy * 7% preferred.-100 Amer Carmel 100 2 1 34 % 54 X 100 Preferred Amer Centrifugal.. 1 Am Chain & Cable.* 5% preferred--100 Amer Chicle _.* Amer Cigarette & Cigar Co ..100 Preferred 100 Amer Coal (N J)..25 Amer Colortype_.10 IIS 98 2 IS 112 125 122)4 12254 115 120 23* 72 pf I 145** 3454 American Screw. 100 American Sealcone.5 Amer Seal-Kap 2 5" Amer Seating. * Amer Ship Build-.* Am Smelt & Refg—* 7% preferred--100 American Snuff. .25 6% non-cum pflOO Amer Steamship. 100 II* 5154 13354 59 148 8 5% preferred 10 _ Amer Encaustic Tiling Co 1 American Enka—* Equities Co. . 1 Amer Export Lines— Amer 113 Anaconda Wire 6 Cable com 115 4% 3654 3X 5 39 7X 165 X 9 854 500 12 11 Preferred 100 Amer Forging and Socket com * Amer Fork & Hoe--* Preferred 100 58 103 Am Fruit Growers.* Preferred —50 154 194 7 9 Am Furniture —1 Am Hair & Felt—* 94 454 154 494 6% preferred—50 Amer Home Prod—1 Amer Hosiery 25 Amer Ice Co * 6% non-cum pflOO Amer I G Chem A_* Amer Insulator * Old preferred--50 $1.50 prior pref-10 J* 654 454 154 12% 454 854 10154 2054 11354 dH 12% 254 754 8 3 2954 ;# 102 Ay* 55 5854 65 59 IO54 2054 1154 4754 254 30 5 3% 6 9 954 554 10 50 31 994 90 61" 6 1054 106 54 33 1054 93 30 Art Metal Constr.10 Art Metal Works..5 Arundel Corp—..* Asbestos Mfg com.l Ashland Oil & Ref.l Assoc Brew (Can).* 7% preferred..100 Assoc Dry G'ds 1 6% 1st pref_..100 7% 2d pref—.100 registered Athey Truss Wheel 4 4554 4594 Atl Coast Fisheries.* Atlantic Co com...* 14 101 5 52 25 194 15 103 554 Atlantic Refining_25 4% conv pref. 100 Without par value I* 3 17 23 20H "% 5c 4 1254 16 11354 9% 54 70 115 10^ 58 75 954 .8 354 354 Dec Dec 20 28 "354 354 1054 18 1754 1654 1754 110 115 94 194 154 394 315-a 4 II* 1954 1754 Warrants.. Bridgeport Brass. _* Bridgeport Mach..* Preferred 100 Briggs Mfg * •iggs & Stratton * Bright Star Elec— Class 2 394 15 16 854 694 894 654 1294 694 1594 754 7154 3154 3794 ji f if 75 W* 39 ...* B preferred- -100 Mfg.. * Class A 54 32 ^ nK Dec 1 7054 3354 4294 3554 4354 21 2154 21 25 25 5 21 1/a Oil Ltd * Coupon Registered Brit-Amer Tob reg£l 1254 8* 31 Brit-Ainer 19 Ordinary bearer £1 l\V* 22 British Celanese Ltd Amer dep rets. 10s % Truck new com. 97 100 19 h 2054 114 112 Old preferred .100 Belding Hem'way.-* Belden Mfg com 10 __1 Bellanca Aircraft. .1 50 50 Preferred Bender Body com. .5 Bendix Aviation—5 9554 9954 154 Distillery 15 4 Preferred. . * Beneficial Loan Soc * Benson & Hedges..* pref * 13 754 125 754 1054 3594 1054 5 754 1094 36 1094 594 Inc * Preferred * 12 Blaw-Knox Co.—.* 70 30 Bullard Co Bulova Watch 1994 5354 Bunte Bros com 10 Burco Inc com * 25 29^4 ■b* 50 51 12 13 1594 1754 28 Nominal, 25 f 11 754 51 105 --* * 33 WA 9 "6" Burd Piston Rlng-.l Burdines Inc.. 1 Preferred * 30 Burma Corp Ltd— Am dep receipts.- 2 Burns Bros com—* 1 254 494 * Machine 394 5554 Burry Biscuit-1254c 494 12 112 2 70 WA IX 454 15 18 79 18 113 794 2154 5 44 1654 2 7% debenture. 100 1894 254 254 754 854 1094 1054 Bush Term Bldgs— 57 2 7854 1754 294 Bush Term Co com 1 7% pref ctfs—100 10 Butler Bros 9 5% conv pref. .30 » 75 1594 36 4 3 594 1694 Butterick Publis—* Preferred ......50 Byers (AM) com. .* 7% part pref. .100 Byers Machine.. * Byllesby class A .» Class B Preferred Cable El Pr v t Oalamba Sugar 8 ...♦ .* 1 Byrndum Corp tiyron Jackson Estates * c— com 2054 2" 1254 3654 2 35c 2254 754 5% preferred Campbell II* 45c 3 4 3 17 % 16 h Vr* 50 48 51 50 5554 5654 & * 1754 18 1694 1654 Wyant Fdry i24 A» 30c Calif Pack Corp...* Cambria Iron 3" 20c * 20 47 17 Cannon 25 25 1894 \YA 95 .54 Burroughs Adding Bliss (E W) Co-—■ Common.---.-_-l 27 7% preferred--100 Preferred 9454 $3 Preferred $5 preferred * Buckeye Pipe L--50 Buckeye Steel Oast * Bucyrus-Erie Go-_5 7% cum pref. .100 Bucyrus-Monighan Class A common.* Buda Co com—100 Budd (E G) Mfg..* 7 % preferred- .100 Budd Wheel-.----* k $2.50 preferred-.* Billings & Spen—25 Bing & Bing 5 Binks Mfg 1 Bird & Son * 13 51 94 - 4 * Collender.. 5254 254 2i54 * 5% preferred 20 7% preferred-.100 B/G Foods Inc * 7 % preferred--100 1554 * 50 54 Beth Steel (Del) 5 _ 5154 7% —* 2 5 30 Brans wick-Balke- 15 7% 120 154 7 21 * Bruce (E L) Co Brack Silk Mills._ niture common--1 Beth Fdy & Mach.* Preferred50 Rubber.... 1 Brown Shoe 55 554 * ♦ * .* — 30 45* is" Brown 1854 Industrial Loan common... 1 Class A pref Forman 15 > Brown Fence & Wire common 1854 1 Beech-Nut Pack-.20 Bell Aircraft _ Brown Co 6% pf-100 Brown Durrell .* Brown Inc.iO pref_20 j 13 54 1654 32 18 Bristol-M yers 1494 Beaunit Mills n 5254 194 1754 3)4 preferred * Boyertown Burial Casket com * Brach (E J) & Sons * Bradley Knitting— 1st preferred 100 Brager Eisenberg-.l Breeze Corp 1 Brewing Co of Am.3 Brewster Aeronaut'! 1 15c Warrants k Last sale 2894 108 5154 1254 1694 Common * 1st preferred-.100 Warrants. 2254 111 2894 106 Brockway Motor Blauner's com——* 1054 2254 aA 27" 1854 894 354 Fdy & Mach com * Black&Decker Mfg * 108 24 24 20 33 Bristol Brass Birdsboro Steel 694 3494 2254 Bondhold¬ Brinks, Inc 854 3)4 $5 preferred w w_* Bearings Co (Am).* 1st preferred. .100 2d preferred ..100 Best & Co 454 1654 3494 254 „ 34 8 89 Vs 2454 854 45 26 Brillo • 6 7 % preferred- -100 Bessemer Limestone 6 Cement com..* 4% 19 7% 4354 Brill Corp class A-.* Class B * 1 454 1754 654 1154 1954 654 2054 20 98 31 7% 154 1194 2954 754 1854 1754 t Called Jan. 9 at $52.50 plus 68c. dividend, 8 854 Cream. .25 6% conv pf 5% conv pf * 2154 894 8 * 5% non-cum pflOO 27" 654 6654 2154 894 * • . 28 5 10 - 2d 554 Borland Shoe St- $3 preferred * $6 preferred 100 Atl Gulf & Wind SS Lines 6 23"" _54 common..25 Bickfords 5 10 2954 77 £1 32 "154 98 28 J4 76 Assoc El Indus Ltd Am dep rets ord 31 1454 93 Berkey & Gay Fur¬ * Assoc Laundries * V t c common * Associated Rayon.* 2894 1354 454 40c 20 30 ers Purchase warrants 40 20c 7% preferred-. 100 Mills A Preferred. Bourjois, Inc -• $2.75 cum pref..* Bower Roll B'r'g-.S class A 65 Bowm Bilt Hotels— Berghoff Brewing..1 38 Elec. 10 100 Bow-Bilt Ay* Beaton & Cadwell Conv 19 28 Botany Worsted 20 * $2.50 prior pref. Arrowhead Petrol—1 Preferred 42 * Beneficial Woven Hose Rubber com..* 6 18 854 Optical com 10 5% preferred 100 Bayuk Cigars * 7% 1st pref.-.100 Mfg Ask share Boston 394 4094 Belmont Radio-.--* Belt RR & Stk Yds Works Artloom Corp 194 854 1 $154 conv Beech Aircraft- A* 4554 ...._* ilH 18 100 Common 5 Vx B* Bausch & Lomb Equipt Corp.. 1 Hegeman Bates Mfg Bath Iron Wks 57 2in $6 conv pr pref..* 7% preferred.. 100 Armstrong Cork * Armstrong Rubb A* Arnold. Constable.5 5% preferred Bastian-Blessing ..* 32 5 pref—100 Armour & Co (111) Boston Herald Traveler Corp—* 2154 Refining.! Bathurst Power 6 Paper A 1254 154 654 guar Common 5 Barnsdall Bartgis Bros com._l 6% conv pref..25 Basic Dolomite 1 53* 5 Print 554% pref 50 Barlow & Seelig cl A5 Beatrice 100 54 54 __* Bond Stores com..l Borden Co-15 54 2094 1 Bros Bid Borg-Warner Oorp_5 Borne Scrymser__25 * com * 85b 10 25 15 33 Arcturus Rad Tube 1 Aro Amer Felt common * 8% preferred. .100 Amer Hard ware..25 Am-Hawaiian SS.10 Am Hide & Leath—1 Steel Arrow Hart- _1 1st preferred—100 2d preferred--100 Amer Hard Rubb-50 8 Barker mann Corp 1 Anheuser Busch._20 . 3 WA Bardstown Distill..1 Barium Stainless 4 19% 100 * 1 10 * * 3)4 B 754 Barber (W H) Co..l Angostura-Wupper- Antilla Sugar Apex Elec Mfg Applied Arts Appollo Steel.. Apponaug Co A P W Paper Common 17 54 150 112 Co common * Andian Nat Corp..* 5 23 Class B * 3 2 54 97 5354 $654 conv pref..* Anchor Post Fence Bohack Realty pflOO Bohn Alum & Br--5 Bon Ami com A * 2154 3% Service cl A Barber Asphalt 354 154 * 14 95 31 Anchor Hocking Glass common Arnold Amer Express—100 Am Fabrics, pref 100 Common lot" 354 5 12 41 Bancroft (J) & Sons* Preferred! 100 Bankers Industrial— Boeing Airplane Bohack (H C) com.* 1st preferred-.100 84 for com.. _13 _ aVA 80 c 25 100 62 * Barnsdall Oil American shares. £ 39 V t Common.. Bloomingdale Bros.* Blumenthai (S> com* 7 % preferred- 100 5!" 100 86 Trading Common 11X 100 18 """54 Amer Wringer * Amer Writing Pap.* 2754 Amer Distilling pf 10 9% Bliss & Laughlin 5 Preferred 30 Bloch Bros Tobacco Preferred Baldwin Duckw'th.* Baldw Loco Wks._* 395 6% 1st pref—100 Am Cyanamid A. 10 Class B 10 Amer Dist Teleg. 7 % preferred. -100 Preferred 89 nl* 6694 654 3)4 3 % 3054 Balaban & Katz. .25 Jtrererred .100 39 Argo Oil 28* tation Corp _.l Axton-Fish Tob A10 Class B .10 Preferred 100 Babcock & Wilcox.* Baird Telev pref Baker Chemical 7 % preferred. .100 7% ex-warr.25 Warrants Baldwin Rubber... 1 21 iig Aviation Corp(Del)3 Aviation & Transpor¬ 33 52 134 61 26 25 Backstay Welt-...* Badger Paper ._* 754 Ark Fuel Oil pref. 10 Armour & Co of Del W* 27 W * 11 1054 A com Avery (B F) & Sons 5 6% pref w w 25 554 2054 73 65 _ 3054 68 6 1054 10% Commercial 15 18 Common.......* Preferred 100 45 5% preferred.. 100 Class 2394 126 5 II" 88 147 3 Par Per 94 Common.. 3 Automobile Banking $1.50 conv pref 25 Pref II* Amer Wind Glass— Class A 100 Alcohol com. .20 Am Crystal Sugar 10 Amer 10 com Warrants 954 2254 7454 * 7 % preferred- prior A..* cum 6% preferred..100 Automatic Fire Alarm common.25 Automatic Instru¬ 9154 si" Transformer. 10 Amsterdam $5 Autocar 7% pref old—.100 7% pref new 30 If 54 Type Found. .10 7 % preferred..100 Am vitrified Prod.* Co Austin Nich & Co..* 90 Am Am Woolen Tack * Auburn Automob..* 2154 6 %P referred. .100 Preferred 18 4054 954 Preferred 50 Amer Thread pref. 5 Am Tobacco com.25 Common B 25 Am d* d* 150 165 140 * * Am Steel F'dries Archer-Dan-Midi'd * 1554 ~754 8h ._ W4* 20 33 conv 454 162 160 7% preferred.. 100 139% Am Sumatra Tob..* 1 10954 Amer Television. 2% Amer Thermos A._* 175"" 100 69 1754 ..* 7% cumpreflOO Republics com 10 Amer Rolling Mill 25 American Stove...* Amer Sugar Ref.100 20 18 d* Am 110)4 A.Brake Sh & Fdy i 10" 50 American Stores 7% preferred—.5 American Book—100 7% 1st pref 129 100 * ...._* * Am Potash & Chem * Amer Radiator & 4)4% 6154 Aluminum Co com.* -5 Stocks Ask 23% Automatic Prod 5 Automatic Refrig.JO Automat Vot Mach4 * Automatic Washer— 4 354 354 * Class A Class B Am Safety Razor Common 18.50 6% preferred.. 100 Allis-Chaimers Mfg Alloy Cast Steel...* Alpha Portl Cem__* Altorfer Bros Conv pref * 19 108 Stand Sanitary 19354 1254 354 Allied Prod (Mich)— 01 A conv com.25 Common.. 10 Allied Stores Corp.* Optical Preferred 5% conv pref-.100 Atlas ment common American Piano- 6% preferred ..50 11 40 122 * Amer 27 Va 10 Allied Mills Inc ;* Allied Paper Mills. 1 Anh 100 68 .X Allied Laboratories * n8 21 Amer Pneu Serv mx Ip 30 26 American News Co * Dye Corp common * Allied Kid Co com.5 39)4 120 American Meter...* 14 ibx 10 y* „ 1854 3054 2854 25% 15 ..100 Preferred Allied 5 17H 3054 7854 1554 45S 1594 Locomotive.* Maracaibo-.l Amer Metal Co * Alientown Portland Cement pref 10 Alles & Fisher * Alliance Realty Amer Amer Allegheny Ludlum Com..* Foamite Corp.. 10 Warrants Conv preferred.20 Atlas Powder * Am Mach & Met..* Am Maize Prod...* 10 Steel Co. Atlas Pipeline vtc.* Atlas Plywood * 254 294 Inv, 8% pref--100 Algoma Steel com.* Preferred .754 154 254 4 Bid Per share 754 354 Alexander Dept Stsl Alexander Hamilton Par Am Internat Corp.* Amer-La France & 2 22 Stocks Per share 7% preferred- -100 Amer Mach & Fdy_* 100 Preferred Ask Bid Am Laund Mach_20 85 STOCKS possible for the closing day of the month preceding the date of lssu6 Per share Air Reduc'n com..* MISCELLANEOUS & are as near as. 1854 r 18 Canadian price. * Ex-dividend, t New stock. INDUSTRIAL 86 Quotation* for all securities Stocks Bid Par Canada Bread.— * Preferred .100 Class B pref 60 Canada Cement. 100 Preferred 100 - Can Dry Ging Ask Stocks Per share 3 6 r r 9% 95% 18% r Canada Forgings— Class A —* Class B_ —* 9% 97 Cliffs Corp v t c 18% Climax 12% 70 70** 2% 9% 65% 25% 38 39 r 104 «* 17% M Canadian Colonial 4 Airways Canadian Dredge & Dock r r 4% 22** 99% Coleman Lamp & Stove common 25 I Foreign- 1,000 Peet 35 105 110 3% 3% Collins Co Wire 7% Dec. 22 60 ) 50 58 J % 18% 4 30 Carnation Co. * 24 Carpenter Ste 5 19 20 ► ) ) 116 47% 107 20** 3% 6% 15% 91% 117% Columbia » 2* Parts coin 23$* * Oompo 95 4$* ; 24 Gases % 21$* 1% % ) 14** 5% 5 com Pub..* Congoleum-Nairn. * Congress Cigar * 15 52 55 1% $3 5% 7% preferred-100 8% Central Paper 2% 4 Cons Film 6 8 5% 6$* 4% $2 cum part pf. Cons Laundries '{ [ 3% * ) L 6% prior pref. 1( Chain Belt com ) ► 4% 5 Paper Con preferred-100 6% prefvtc--100 8% 10% 15% 129% J 15 ) 126 * Consumers Co of 111 V t c A partic--50 V t c B partic * V t c partic pref 60 Container Corp 20 Continental Baking 3 4 Class 13 13% 103% Preferred Chic Elec Mfg A.. ; Chicago Flex Shaft 5 Chic June Rys & U 1 Stk Yds com__l( 3 3 5 13*1 70 19 71** 185 106" 103 12** 13** SA /A * * * 5 19$* 37 19** 38** 47 50 17** 18 4 * * » 3 8 110 — 8$* 13$* — B * 8% preferred-.100 Continental Can. .20 $4 50 preferred * Cont Diam'd Fibre_5 Continental Mot._l Oont'l Oil (Del).-.5 Oont'l Oil (Mex) 1 Oont'l Roll & Steel * Cont Screw com. .10 Preferred Cont Steel Corp 10 * Preferred 100 Converse Rubber..* Preferred *..33 8$* 69$* 68 * Class 5 A - - 10 Special preferred Cook P't & Vjirn - * * . 15 8% 5% ¥ 9% 6 92 "I** 6% 3% % 15% 3 14 3 2% 6% 16% 19% 1% 92 42$* 112 9% 3% IK 7H 16% 20 2 93% 43% 113% 9% 3% 9* 9% 14 Preferred 100 Corn Prod Refg_.26 5 1 4% 4 3 Claude Neon Lt L Cleveland Graphite Bronze com L .1 Cleveland Hobbing 10 7 % preferred-. 100 Coronet Phosph.100 85 79 Oorroon & 5% 4% Rey'ds.* $6 conv A pref..* Cosden Petroleum .1 17 18 5% Warrants. 22% 95** 7% 22% 97% * * 7 % 27** 4 5% 1 28% 7 conv B_ • 2d preferred. ..100 Devonian Oil 10 2 "3" 5% 2% 7% Dexter Co Preferred 100 Oourtaulds Ltd— Am dep rets ord£l k Covered Wagon Co $1.50 conv cl A.20 Cramp (W) & SnslOO 7% 3% &* 8% 8% 5% * • 102 66 % 175% J* n 2% 1% 6% 1% 6% 13c 4% 4% 6% Dec. 19 % 38 pf 100 109 r 3 * 2 5% preferred 50 Educational Pictures Eisler Elec Corp Common 18 1% 30 90 95 56 59 114° ~2% 2 43% Dec. 20 6% 4 6% 4% 1 2% 3% 24% 14 14 16% 48 nVA 20c 1 1 Eltingon Schild * 3** Electrical Steam Sterilizer 1 'm hi 34$* 15** 34** 15*4 Electric Boat Elec Ferries com 3 62 63 Household Util Corp Elec & Musical 5 Indus Am shs 3% 2% 2 30 15% xiH 2 2% 33 39^ 27 113 18 31 31 116 18% * * Elec Stor Battery Elec Vacuum Clean* Electro Bleach Gas.* Electrol Inc v t c —1 Electrographic 1 Electrolux Corp Eljer Co 1 Inc.l 15 20 5 100 Elk Horn Coal 117 1% 155 20% ~2~ 165 21% ._* preferred Ely Walker D G—25 84 1% 3% 20% 87% 3 4% 19 20 1% 17* 1st preferred. .100 2d preferred-.100 120 Emerson Drug..2% 23 B 2% Preferred 4 Empire Sheet & Tinplate * Employers' Group Associates * Ems co Derrick 5 Endicott-John8on_50 20 IK 10% 14% 1% 1st preferred Emerson Elec Mfg.4 8% 35% 15 25 * com Preferred 2d 18 2% 29% Corp Common 5% preferred..100 Equit Office Bldg..* Esquire-Coronet 1 Eureka Pipe Line.50 100 23 4% 73 4% 21% 10 41 110% 1% 8% 18% Eureka Vac Clean_5 12 12% 35 Dixon (J) Cruc—100 25 28% Dobeckmun Co Dr Pepper Co Dodge Mfg 8 27% 7% 9% 28% 8% 22% coml * * 22 6%% pref 100 Domestic Finance— Cum preference- 16 13 Exch Buffet Corp..* Exolon Co com * Faber Coe & Gregg.* Preferred. Fair Bearing 25 (The) Chicago * 7% preferred—100 28 29 Fairbanks 36% 37 8% preferred. 100 Fairbanks Morse..* Ex-dividend* Co 24% 1% 7 42 100 Fafnir Oil _ 4 Evans Products .5 Ever Plastics Corp.l Ex-Cell-O Corp 3 — 25 3X SA * 6% preferred..100 8% preferred.. 100 $4 partic pref 33 x 4% 12% _ Class A t New stock, lH 18 Elec Shovel Coal— 42 Fields 35 Eisemann Magneto Preferred 100 Electric % 41% Distillers Liquors. .5 Divco-Twin Truck 8% Electric Auto-Lite. 5 1 26 103 8% 32% Do minguez 4 Warrants 5 iff* Canadian price# B 15% 5% 55 Doehler Die Cast—* Dold (Jacob) Pkg— 70 62 Class * 6 20 14% 4% 16$* 55c Edison Bros Stores— 25 Dictaphone Corp. Preferred. 100 7* 175 Mach com Economy Groc Sts.* Eddy Paper * 11 6%% pf (w w) 100 Diamond T Motor 14" 6% preferred-.100 Easy Washing 25 30% 6% part pref Diamond Shoe— 7 184 20% 4 Class 70 25 Nominal, 8 20% 24% 30 Dixie-Vortex Co— Common 30 1 Eaton Mfg Co * Seagrams Ltd * 5% pref w w__100 104 100 com conv 30 5 com Diamond Match 5 10% * Electromaster Common 28" Courier Post— 5% A; Last sale, .1 28 7 2% .1 Elgin N Watch 16 27% 101% 3c Coty Inc Crane Co Without par value. pref. .50 26 6% 1% Common Preferred Eastman Kodak Devoe & Raynolds— Class A (non-vot) * Distillers Co Ltd. £1 Distillers Corp- 12 25 Steamship.* $2 conv pref * Eastern Sugar Assoc Detroit Sulphite. .10 6% Elec Corp com 1 Corning Glass Wk 10 3% Detroit Paper Prod 1 Detroit Steel Prod.* 12% Eastern Mfg com..* Preferred * 8% Dewey&Almy Ohem 55 Footwear .1 East Mall'ble Iron25 15$* 14% 1% Common 1 . Eastern 15 20 w w 110 55c Eastern Detroit Gray Iron & Foundry com 1 Detroit Harvester. 1 Detroit Mich Stove 1 6% pref 138 25c * East Racing Assn..* Eastern Roll Mill..5 16 12 153 East Dairies Ltd 18 6$* 7% 14% 31% Cornell-Dubilier 3% 6% 9% Warrants Det Gasket & Mfg— Common 1 Dictograph Prod..2 Discount Corp (NY) 3$* 83** - Preferred * Detroit Aircraft * Detroit Compensat'g Axle Corp com._l 27 % 60 3 82 3 Dec. 22 59 * * 2 17 2** 82% City Auto Stamp.. * City Ice & Fuel 0**% cum pf-.U 3 Preferred Gilbert Corp.. .10 Dejay Stores 1 De Long Hook and Eye 100 Del Rayon A com. 15 De Mets Inc pref. * Dennison Mfg— Class A lo 7% preferred 100 8% preferred.. 100 Dentists' (The) Supply com 10 6% preferred Derby O & Ref com * 25 0 Inc 78 10% 6% pref_20 Common Oopperweld Steel. 10 3 * * 20 49 14** 13% 5 100 Deep Rock Oil & Ref 7% pf—100 87 VA 1 conv ~7% 7 1 Class A 35 Decca Records 1 Decker (A) & Cohn 10 com Oil 17** 10** 2 Dwight Mfg 15 Eagle (C K) pref 100 Eagle Lock 25 $1.50 30**110 29 17 15% $4 preferred * Cooper Bessemer..* $3 prior pref * 13 * 25" 5% 1% 110 * com 00 84 % "6% 7% 15 75 6% Class B Eastern Air Lines. 7 * Deere & Co deb. .100 cum $4.50 cum pref—* Duquesne Brewing.5 Durham Hosiery— 27** 100 17 East Boston Co.. 10 24" Deisel-W cummer Consol Textile new Consolidation Coal— Common v t C..25 Warrants 5% <dVs 12 "9 8% 7% Pure Silk Hosiery 6% pref 1 ) ► Chic Daily News.. Cinecolor 6X 6% 6% preferred.. 100 83 5% (R G) Duro-Test Corp 1 Duval Texas Sulph.* 28 112 1% 2 5% 47% /S 21 12 109 23% Chemical. 1 Warrants 7% preferred 30% 103% 43% Chester Cin Un Stk Yds.. 61 5% r 50 44 Darling Stores Corp $2 partic pref * Davega Sts Corp. .5 5% conv pref. .25 Davenport Hos'y..* Preferred 25% r 6 Chilton 15 109 38 16% 50% 10 3% Bradstreet Corp.* Eason 7% cum pref.. 100 $8 cum pref * Cutler Hammer * Dailey Corp 1 Darby Petroleum. .5 Darco Corp 8%pfl00 9% DuPont (EI) deN 6 Co common..20 VkH 18$* 18 19** Dryden Paper * Dubilier Condenser 1 Duff Norton Mfg..* 3% 80 Driver Harris Co. 10 Preferred 100 Dun 118 2% 10 Dayton Rubber Mfg 1% 6% 43 % 2% 4% 74% 15** 8% preferred.. 100 118 15* 5% 47% 7% 27% 14** Consol Royal Oil. 10 Consolidated Steel * ) * * Davison 15** ) 1 % 133*2 116 * 100 1 nM bIh ■ 2% 5 % preferred. .100 Drug 6 79** 131% * com 108 * 11** % 14 100** Curtis Lighting Curtis Publish 17 14 Dow Chem 69 49% * 32 7% 29% 6% 25% 79% $6 preferred * Dunhill Internet'1.1 Duplan Silk ...» 8% cum pref.. 100 14 Dardelet Thr'dlock * 2 1 Consol Retail Sts..l ) Childs Co com 93 5% Preferred Dresser (S R) Mfg— Part conv n-c A.* Class B * Dri Steam Valve..5 15% 14% 87% 43K 94% 12** Stores..* 15% 49% 2% com Dominion Doubleday Doran.* Douglas Aircraft..* Douglas (W L) Shoe 40 33$* 150 "■ Dow Cunningham Drug Stores 12 32 100 15 12 65* Preferred Coal B 42 3% * 28 92 \ Cherry-Bur Corp.. Chesebr'gh Mfg. .2 Chesapeake Paper 88** 42 > 2 Preferred. 3% Aug. 23 16 86 30 Tobacco 146 25 Dominion Steel & Common * Conv prior pref..* 2% 9% Oushman's Sons— 10 ** 5 19 108 105 100 Preferred 7% % 9% 28% 37} 171 16% 9 7% - 11$* 41** 5 ► Fibre 17 3$* 37 64 Curtiss Wright Corpl Class A 4 1 40 Cons Lithograph Cons Mach Tool uts. Consolidated Oil * Ohamberlin Metal Weather Strip 7% Indus. .1 % 1% 4% * 10 7% preferred-.100 Cuban Atl Sugar— 75 Cons Cigar Corp..* 6 **% prior pf_100 % 10 $7 preferred^ SK 59 8 91 * 10 Cuban-Am Sug 15 * pref Cent Ohio St Prod.] 11 ) _ 6 % % prefeiTed 100 Consol Biscuit... 1 Oonsol Car Heat. 100 conv 100 * Common Oonsol Aircraft.—.1 ) 100 14% 86% 43% Cuba Co Compressed Indus Conde Nast 21 $5 conv pref Crucible Steel 7 % preferredCrystal Oil Ref Shoe— Mach v t c ext—1 57 27 Aguirre Preferred 94 1-5 pref--* Oolum Carbon v t c * Columbus Auto— 109 25 Ouneo Press 28 conv 70 4 Cen Violetta Sug._. 93** 4** $2.75 24** 4$* 47% 90 53 10( ) 9 Columbia Pictures— 68 ) . 11* 25c Crown Zellerbach_.5 6% Preferred .100 Oudahy Pack 50 4% 22% 16% 16$* Sys Inc class A21 Class B Columbia Mills. .100 Columbia O & G 1 18** 90 87 Crown Drug com Preferred 3$* B'castln 18$* ) 30 8$* $2 preferred * Combustion Eng. .1 OomnVl Solvents..* Com'wealth Dist-.l 23% J 9H 41% 38% 33% Cuban 22 „• Common * k Vot tr ctfs com..* 21 4% Caterpillar Tract. \ 6% preferred .11 ) 107 3% 4% Preferred.* 250 ) Crown O'k & Seal.* $2.25 pref w w._* Preferred x-w * Cuban Am Mangan 2 35** 15* Colt's Patent Fire Arms Mfg 26 Columbia Baking..* 4$* 24** 20% 3% 5% 14% 90% * common Col Fuel & Iron Warrants 1 2% Common Ordinary shares 6% conv pref 68 * 103 Colon Development 7$* ) " 100 Colonial Beacon Oil ♦ 87 7% 18M Crown Cork Int A_* Oollyer Insulated 7 84 _ 14 K 14** 102** ♦ common 24 ~3% 3 * 6% preferred 6% preferred-.100 Central Amer Plantations 35 19** * 6% preferredlOO k Charis Nov. 16 8 Collins & Aikman..* Carey Champion 60% 11 r 5% preferred _ 132 % 59 100 2% 2% Central 78 75 131 r Preferred 1C Can Indus Alcohol- Products... 2$* 25** 127** 125 r Invest Corp Crowley Milner 27 107 Central Petroleum (Md)_5 25 Bid Stocks Per share Crown Colgate-Palmolive- — % 9% 26% 100 Preferred 37 2% —* Plow...* k Cockshutt Crocker-Wheeler ._* Prior Preferred.50 of New York * Coca-Cola Co * Class A * Coca-Cola Intern. _♦ 105 26% 23% 7% 5 Creole Petrol 43 13 Peabody * 7% preferred-.100 Coca-Cola Bottling 34 14 13** r 2 ♦ Par Dominion Bdge.100 Dominican Coal pf 25 Dominion Glass. 100 22 of Wheat 1 Crosley Corp * Orowell Publish'g..* 60 38 35 Club Aluminum Utensil com — 4%. 21*1 ly* 0 Clover Val'y Lumber Preferred A 100 — 17** 33 r •» — 3** 20% 59$* * Cluett Preferred. Cream 21% Creamer 8 Croft Brewing Clorex Chemical 2% 9% 57% 19% r Gasco * * r Canadian • Clinchfield Coal.100 Preferred 100 r r 5% Molyb¬ r Class Ask Per share ■ 10 r Bid Par Stocks trust ctfs.* Cleve Worsted Mills Common _* r r Stocks 7 —* Olev Un Stk Yds—* denum Co r Ask 5% Cleve Tractor 47 Ale_5 Bid Par STOCKS possible for the closing day of the month preceding the date of issue Per share 95% r MISCELLANEOUS & are as near as 95 4 37% $* 6% 42% 66" INDUSTRIAL Jan., 1939] Stocks Ask Bid Par 2% 29 7% 1.00 28 7% 90c Fajardo Sugar 20 Falstaff Brewery—1 6% conv pref 1 Family Loan Society New preferred— $3.60 partic pref _ * Famise Corp 50c Class a__'_ 2 Famous Players Can Corp com..i r 22% 65 % .% 1 Fedders Mfg 34 % 4% 3% Federal Match units Federal Motor Tr_.» Fed Screw Works-.* Federated Dept Sts * 4%% preferredlOO f Gen 24% 86% 1 17% .1 21 , 4% 350 4 14 6% 6% 25 35 1% 4% 3% 25 88 18% 50 Fiat Am dep rets— Fidelio Brewery—.1 9 11 i %, Filene's(Wm)Sons .* Finance Co of PalOO Firestone Tire & Rub Common 10 6% pref ser a-100 First Nat Stores—* FIshman (m h).__* $7 preferred-.100 Fisk Rubber Corp.l 6% preferred--100 24 24% 18 137 144 Gen 99 42% 7% 95 11% 72 d & d com • FlintkoteCocom-.* * Florence Stove Florsheim Shoe com* 100 43 9% 11% 73 12% 30% 30 35 18 40" 6% cum cl a pref part--10 Hamilton Watch._* 17% 13% 31 32 36 19% * Fohs Oil * Follansbee Bros—* Preferred 100 78% 124% 50% 123% 122% 50 122% 10% * 6% 34% 70% 37% * Class a--.-----* preferred--100 -* Preferred 25 General Print Ink- -1 $6 preferred * Gen Rayon a stk—* Gen Ry Signal * 6 % preferred- -100 Gen Refractories.-" Gen Plastics- 10% 107% Hartman Tob 31 15% 18 23% 99% 24% preferred-.100 Rub—5 6% cum pref a100 Genessee Brew a—1 Class b com 1 Gen Tire & 4% A* 1% 1% Mach 5% 22% 5% el* 50 5 14% 4% 23% 15% 45 5 70 22 Class b * 22% 2% * * * 1% 85c 1% 90c Fort Pitt Brewing-1 Foster Wheeler--10 pref * Foundation Co 1 Foreign shs a...* 27% 90 Preferred 3 4 2% 3% 2% 30 50 Worsted.50 Preferred Goodall 3% 24% * 37% 108% 50 a. * Franklin Process...* Gorham Inc Franklin $3 preferred * Gorham Mfg v t c_* Rayon 1 Franklin Ry Sup—* Franklin Simon see 30% Freeport Sulphur.10 French Investing--* com Grand Grand Units Brewing com $3 Fuller (g a) co— Common Granite 1 6% preferred 20 Knight-.* Gratcn & prmeited $6 conv Houston* Co_ —* pref Gannett Co $6 conv * 80 * 95 Gardner-Denver— * $3 conv pref—20 13 59 Garlock Packing—.* Gar Wood Indust—3 39 6% Gaylord Container. 5 6% conv pref. .50 Gen Accept ce Corp 18% Class a 51% 101 13% 65 40% 6% 19 53 6 Conv preferr ed_20 Gen Alloys Co * Preferred General 2% 5 3% 6% American Transportation-.5 General Baking 6 $8 1st pref * General Box Corp.l 5 58% 9 General Cable * Class a 7% preferred--100 5 Gen Candy a * 26% 28% 11% 70 26% 30% (Ohio)-* 17 % 34% 70 11 2H 2% 21 5 6 1 26% Engineering 35 Guantanamo 74 11% Guardian com Sug. k Last sale, n Nominal * 100 8% preferred Coal 1 27% 2% 22 21% % 22 14 17% 1 17 18 r 5c 25c Canadian price, 3% 83 1?8* t" 21 9* JK . 9% 51 107% 12 14 104% 7% 109 12% 14% '8% 85% 11% 23% 92 88 com 100 Horn (a c) com 1 Prior preferred. .5 Horn Hard't(ny).* 6% preferred. .100 k Statler com.* 104 Wi .* 37 10% * Interstate Dept St's* deceit) 20 33% Houdaille-Hershey- 5% preferred. .100 Vot tr ctfs 1 25 com 9% Ifi §8 2 23 li# 76 M 15 79 5% Equipment Irving Air Chute Irving (John) Shoe.l Preferred w w._25 Jackson (Byron) see i Jacobs (f l) Co 1 Jantzen Mills 5% 10 • 12 10 10% 17% 20% 2% 21% 12% 14 18 3% ■B" 4 4% Knitting * com Jarvis (w p) Co-.-l Jeannette Glass * Jefferson Electric..* Jefferson Lake Oil % 26 1% 20% 25 Jenkins Bros Tea * Johns-Man vilie 7 % preferred. .100 Johnson Oil Ref * % 21 3 7 10 IVK 73 105 M 74 106— 130 3% ~4% Johnson Tin Foil 6 Metal 100 70 common. 100 7% preferred-.100 Joslyn Mfg & Supp.5 Julian & Kokenge..* Kahler Corp 100 2 "2% UK 63 38% 41 45 23 21% 63% 125 Kalamazoo Stove & Furnace com 10 * 1st preferred.-100 Hubbeli (Harvey)_5 103% ii* ll% 32 10% 8 Hudson Mot Car. 69% 71 107 6% 20 8 16 38 Us$ 69% Fibre 5 Hunter Steel com..* 6% preferred 20 Hupp Motor 1 Hussmann-Ligonier * Huylers Inc— 1 7% pref unBtpdlOO 7% pref stmpd 100 3% §* kc Stk Yds Me. 100 50 54 Preferred..—100 Katz Drug com 1 90 94 Kaufman New Dept common 1 5% conv pref.100 Kaynee 10 Preferred 100 Kayser (Jul) & Co_5 Keith-a1 bee-Orph— 7% conv pre* 100 Keith (Geo c) co— 7 % preferred- -100 Keller p Kellogg (Spencer) see Kelly Springf'ld Tire 13 M 5% 9* 6 6% 4 4% St's IV 2 x Ex-dividend. 18% % 19% Kane Carburetor. _* Finance Houston Oil Field Material com Howe Scale 17 28% 3% Interstate Home— Steel 17 27% 3% Int Vitamin Corp.-l Interstate Bakeries* Jonas & Naumb'g2% Jones & Laughlin 2% 4% 14% 50%. 4% 1 Preferred 96 Horder's Inc t New stock, Corp Jewel 87 56% 134% Television Iron Fireman vtc. 8 Common Silver 56 22 5 Common 3 50 Internat 46 _ 8.. 30% 25 7% preferred-.100 w * 3% Internat Shoe Intertype Corp Hummel-Ross J * Interstate Hosiery Humble Oil & Ref.. * & 2% 1 37 3% Nov. 14 72 Int Safety Razor b Internat Salt 93 _* 27% 27% 100 1 Preferred Internat Radio 21 $1.50 conv pref-20 Houston Oil (Tex) Grumman Aircraft 17 % 3% 7% 49 3 25 * 14% 50% 4% * 18 see &H 132 Internat Pulp 90 b 3% ..* 23% (c e) Co a—* 48 Internat Prod 10 Common 1950 60% 159% Petroleum Coupon shares..* Registered shs * pref. .100 preferred. .5 conv Household Western Power com__15 Warrants $5 preferred 35% 68 Brew 5% % pref-. Groc store Prod.25c 9% Chem * Griesedieck 105 Spencer 137 12% 2 , Paper Int Text Book 5 135% 20" 6 Radio 7 % preierr< d 100 Greendale Minerals* Greenfid t'p & Die* $6 preferred-.100 $1.50 preferred.. * Green (h l) Co 1 a* 57% (Can)-.* pref--100 5% conv pref. .100 10 32% 16% 27% cum 8 * ;r% Int Nickel International 100 Hiawatha Oil & Gas * 37 15 28 24% 157 7% preferred. .100 Class a 7 21 * Industries cl a__* Internat Class b 13 £1 12 26 33 A* 60 Match Realization 10 38 2 7% preferred.-100 39 ... 25% 25 Pap Oil Without par value, 9 38 Nor Int Harvester— 25 Heyden Chemical. 10 Preferred 127% 23 Publishing pref--* 41 Hotel 59% Group No. 1 Oil...* 1750 1 9% Group No, 2 Oil Gruen Watch 1 .140 Preferred 20 25 1.10 4% 4 5 103% Great West Sugar. .* Great Gulfboard Oil.. * 126 7* 133 1.00 General Bronze 102 55 Hooven & Allison -100 69% (l) & Bros Greyhound Corp..* 5 % % preferred-10 Texas common. .5 Preferred 100 Chemical com. 100 Preferred 100 Greif 10 Gen'l Amer Oil of 100 Preferred Hooker Electro Great Lakes Term w'house Powder._* Hormel & Co com..* com Great Lakes 8s Inc— pref 24 20 Mach..10 Sewing Int Cigar Mach__ Internat 100 Holt (h) & Co a. Tea 1st preferred-.100 Great Lakes Dredge 6 Dock com * 13% 35c % 16% 87% Holly Sugar 7 % preferred 4* 10% Non vol ii' 25c" 110% 159% % Holophane Co 26 38 26 185 Int Business mt 7% no" Common 19% Gt All & Pac 8% 7% 24% Dec. 22 16% 85% Hollander(a)& Son 5 Holland Furnace._* $5 conv pref * 11 * Agricultural. 7% prior pref. 100 Interlake Iron Int. International 7% preferred—.21 6% 10 Station com (Robert) com.l $3 Preferred 10 Gallager&BurtonA 1 Gair 11 11 * Hoe (r) class a..10 Prior pref 65 ¥■ $1.80 prior pref—* Gray Telephone Pay Fuller Mfg com 1 Gabriel Co cl a—* Galveston .-100 . 4Z/ 4 8% Hershey Creamery. * Hires 28% 92% Internat Educational 1 Hiram Walker 18% City St'l. Grant tw t) com.10 $3 convertible—* 4% conv pref-100 Gamewell pf_.* cum conv 24 134 $1% 95" Internat Button Hole 5% 5 22 133 20 > Granite City Pig Iron common-10c 1 Fuller Brush com—5 Preferred 100 29% 48 3% 107% 29% 7% Hinde & Dauch 1 Grand Union Fuhrman & Schmidt 1 6% preferred..100 Class 5 Varn.* Raps Hercules $5 Rapids Brassl Preferred Fruit of the Loom Oil Common 20 119% Intercont Rubber. _* 25 Hercules Motors 18 Grand Nat Films. .1 Fruehauf w._25 k w Hilton-Davis 7y> Partic pref 15 Trailer.-1 com_2 Bart & Co com.25 • Malt common—1 conv e)" (w Hibbard 10% 7% preferred..100 Graham-Paige Mot 1 6 h end rick Ranch 56 Gossard (h w).—* Gotham Silk Hosiery com 100 Froedtert Grain & 106 Common 2% Industrial Rayon..* Internat'l Metal Common 72% r 10* 25^ 6% preferred—100 5% 46% 3% Preferred r Canada Preferred Sugar---* 2% 10 9 25 7% non-cumpflOO 110 1% 1% % 100 1 7 a Heywood-w akefield 37% 1st pref Preferred Indus Machine Int Mercan Mar Preferred Goodyear Tire & Fox Film class a—.* Fox (Peter) Brew—5 f-r Publishing * 4 1 Indus Finance vtc .1 3 Preferred xw Helme g w) 65 4% b— Rub'stein..* Hewitt Rubber. 25 64 — Rubber com $5 conv pref * Goodyear t & r of Four Wheel Drive. 10 13 3% * » Ingersoll Rand * 6% preferred-.100 Inland Steel * Interchemical Corp * 50c Hershey Chocolate.* $4 conv pref * 98% 2% 2% 32 46 42 Good Humor Corp Goodrich (b f) $5 preferred * # * Goldblatt Bros Foundation Co of Canada 97 fo* Class 5 Helvetia "2% 7% 8% Indus Accep Corp— Cum pref 100 8% Royalties Goebel Brewing-Golconda Petrol.. 28 88 Class b 1% 5% 6% 4% 74% 3% Motor Hendey Mach 28% 9% 22% 23 Ford Motor France Am dep rets 9 Gobel (Adolf) Co-1 Godchaux Sugar— Class a * 6% IK 15c 5c Terr Ilium 7 Preferred 24 48% 6% 7 * Class a Preferred ■ * 6% Corp com.3 Qlftss Heller Pipe Line 10 5% Hein-Werner Helena 9 7 5 Parts ♦ Globe Wernicke—* 3% 7 % class a pref.25 Hecker Prod com__l 61 2% 3% 6% conv pref. .50 Helleman Brewing 52* 58 4% Ford Mot of Can 100 Francisco 22% 6* 14 5 Am dep rets ord.. conv 7% 13% 100 * Ford Motor Ltd— $7 9 * Preferred * 2 $7 preferred Hayes Body Hazeltine Corp * Hearns Dept Stores Common 5 * Giddings & Lewis.-2 Gilchrist Co * Gillette Saf Razor.* Glidden Co 30c 1 12 Hearst Consol Pub— 4 % % conv pref 50 Globe Knitting..2% com... com 28 27 * Glen Alden Coal—* Preferred 2 J* 50 50 * Gleaner Harvester.* Foote Burt ~r% % 5 Common $3 pref * Indiana Limestone .1 24 1% Hazel-Atlas Glass.25 $5 conv pref— 4%sconv pref-100 Bros Gear & 6 4 72 * Common Giant Portland— Food Machinery—10 ..5 11% 1% 4% $7 conv pref * Hawley Pulp & Pap 5 3 10 Indus Brown Hoist— 1 Class b 50 Georgian (The) Inc * 8% class a pref. 20 % * 6%% pref ww 100 Hathaway Bak a__* 5% "l% 70 Hat Corp class a..1 Class b n-v 1 108 107 1% 20 HaskeliteMfg 15% Motocycle..* Oil non-vot a Schaffner and Marx 2% 21 Indian 150 100 Hart Gilmer (l ii) Foote 7 90 —* Indian Refining.-10 Indiana Steel Prod.l 7 61 4 27 31% Tool Indiana "7% 6 39% 15 31% 138% 6% 58 com Preferred £1 Pneum 16 30% Am dep rets ord Independent Preferred * ~1 % 15% Indian 27 31 * com $5 preferred 10% 30% $6 preferred imperial Tobacco of gi Brit & Irel'd 100 HarnischfegerCorplO Hart & Cooley 25 Hartf'd Rayon vtc.l Potter * Gimbel Bros.. 27 16% 100 97 6% preferred.-100 Harrisburg Steel 5 Harris Seybold 38% -* Instru—* Preferred Imperial Pictures..1 Imperial Tobacco of Canada com..5 Indiana Gas & Chem Harvard Brew 10 i w Refractories Gen Time Gilbert (ao) Preferred * * 35 cum pref 85 * Gibson Art imperial Oil Ltd-..* 7 h ar bison-walker 6% 38% Gen Theat Equip. Follansbee Steel— New Hanna (m a) Gen Steel Casting— pref 7 39 25 50 6% 7% Dec. 2 16% 16% 17 16% 1% 1% £1 9% 108% 7% 40% 107 cum Preferred 39% 26% 23% pref.-100 6% 100 77 pref.-100 $6 conv Indus rets 6% Imperial Chemical 105 100 10 Hammond Instruml 19% 95 Gen Optical pref --* Gen Outdoor Adv't'g 6% 12 28" 27 100 10 Ideal Cement Illinois Brick 2% 24% i 23% 106% Registered shs—* 3% 15% 100 $6 preferred 113% 2 Hygrade Food Prod5 Hygrade Sylvan—* 6%s conv pref—* 26 3 Mfg— Common Motors..10 $5 preferred 2% 11% 8% 7% 10% Hammermill Paper— Machinery—* Cement com Flour Mills of Am—» Preferred preferred--* General FitzSlmons AConnell Fla Portld cem u t s_ Hamilton 39% 112% 4% % preferredlOO General Mills -* 6% 24% 24 14 Household Utll --* Common Field (Marshall) see "m" 5th Ave Coach—25 20 14 3 Common.. Corp. g Trading Preferred Gen iH 18% 104 Corp—* 22 .-100 12% i Exting—* 5% 8% * Hajoca Corp.. Hall Lamp com * Hall (w f)Print'g 10 Haloid Co. 5 17% Fireproofing—* Gen Foods 4% 43% Preferred 7% preferred--100 % 2 25 & Alabaster Ltd. * Ask Per share Per share 40 39% Gypsum Lime Ltd— Elec Common Federal Compress & Warehbuse.,25 Ferro Enamel General 18 4% 335 2 10 6% 5 19 5 3% 43% General Electric—* Gulf Oil Corp 23% 130 127 Crude Oil--2% Gen $4.50 20% Federal Bake Shops* Preferred 30 22% * 7 % preferred- -100 Gen Fire 29% r c common Fanny f'merCand.* Fansteel Metallurg * Farnsworth Televis* Fashion Park com.* Preferred * Gen Cigar common Am dep rets reg £1 Gen Finance Corp.l 16% New common v t 10% 10% 2% Fairchild Eng & Air 1 Bid Par Stocks Ask Bid Par Per share Per share Fairchild Aviation-1 Stocks Ask Bid Par Stocks 87 STOCKS MISCELLANEOUS & possible for the closing day o Ithe month preceding the date of issue Quotations for all securities are as near as 11 99 3% 70 AT* 105 4.% 14% 85 15 87 95 21 Dorian Color Film Common 20 5 1 8" 1% 88 INDUSTRIAL Quotations for all securities Stocks Par Bid Ask & are as near as Stocks Par Bid Per share Kellogg Co. * KelloggSwitch & S _* 5% conv pref.100 Kelsey-Hayes Wheel Conv class A. 1 1 B Class Kendall Co com 56 part pref A * Kendall Refining.10 Kennedy's Inc 5 51.25 conv pref—* 25 % 26% 88? 12% 8% 6% 13 90 93% 15% 5% 15% 8% 5% 14% Ken-Rad Tube & Lamp A ♦ Kerlyn Oil cl A 5 Key Co common..* Keyes Fibre com..* * Class A 8% 3% 9 * Kimberly-Clark * Kingsbury Brew___l King Seeley com._l Kingston Products. 1 Kinney (G R) Inc.-l $5 prior pref * 58 preferred Kir by Lumber—100 Klrby Petrol 1 Kirkham Engine & Mfg Corp Klein (D E) Co... 8% 22% 8% 2% 2% 15% 32% 40 60 3% 7% 12* Kleinert Rubber. .10 Knitted Padding., 13% 8% 10 Knott Corp Kobacker Stores llH 1 * Cum pref 7%.100 tKolster-Brand Ltd Amer shares 14% 72 1 £1 Koppers Co 6%pfl00 Kresge Dept Stores 1 4% preferred 100 8% preferred.. 100 Kresge (S S) Co.. 10 Kress (S H,» * Special pref 10 Kreuger (G) Brew.l Kroger Grocery & Baking common.* Kysor Heater 1 Laclede Steel 69 105 Lago Petroleum 1 * 100 Lakey Fdy & Mach 1 * __1 7% preferred. .100 1 * Class 13 * LaSalle Ext Univ. .5 Lautaro Nitrate A_1 Corp— 6% preferred. .100 Lawrence Portland Omient 100 Leath & Co com—.* Preferred .* Lebanon Steel & Iron __5 Lefcourt Rlty Corp 1 Conv pref * Leh Coal & Nav—* Leh Portl Cement.25 4% conv pref.100 Lehigh Valle* Coal * 6% cum conv pf 50 Lehigh & WilkesBarre Corp * Lehman Corp.—See 125 3 3% 16 % 26% 4% 60 28% _ 14 14% 16 17 14 42% 7% 55 62 2% % 2% % 29 31% 15% 17 2?^ 25 3 3% 30% 3% 30% 1% 10% 3% 1 9% 3% 23% 23% 112 118 % 2% % 3% 20 24 32 79 7 81 100 1 Le Tourneau (R G)1 Ley (Fred T) & Co.* Libbey-Owens-Ford* Liberty Baking * 100 Lib McNeil & Lib.* Life Savers CorP--5 Lig & Myers Tob-25 25 7 ^preferred. -100 27 1 1 * pref 1% * . Oil Corp..* 2 2% 19% 54 36 101% 103% 170 16% 39% 4% 29% 101 17 19 12% 1.40 7% 60 ~x& 62 1 17% 17% ,35% Master Electric 7% preferred-.100 May Dept Stores. 10 May Hosiery— 49% 26% 46 Oil Co 12 Preferred 100 McCord Rad cl A._* B * McGraw Electric 1 McGraw-Hill Pub.* 6% 90 7% 1% 10% 10 com Mfg * McLellan Sts com.l 17 M 17% Lion Match....—* Lion Oil Refg—\—* Lipton (Thomas J)— Class A ...1 9% X* 20 12 _ 6 % preferred. _.25 Liquid Carbonic—* Liquidometer Corp 1 Lit Brothers Preferred * 100 Loblaw Groc Ltd A* r Class B * r Locke Steel Chain.5 Lockheed Air Craftl Locomotive Firebox* Loew's Inc * 56.50 cumpref..* Loew's Bos Thea.25 Loft Inc.— * Lone Star Cement.* * No par value, 13% 21% Dec. 23 19 18% 3 3% 2 2% 36 24% ?§* si* 54 105 13 8% 160% 7% 9% 25 16% 11% 12 17% 51 70 67 * 128 132 10 10 com Preferred Mellins Food 65 Shoe * 50% 6% 51% 26 16 27 10 18 86 89 Sec Co class A. 1 * 5% 4% 26 Transportation. * Merchants Refrig..* 18% 8% 84 28% 156 30 28% 38% Mfg. .100 100 6% 24 _ _ _ _ * 6%% pref A100 * Messenger Corp 5 Mesabi Iron 5 62 28 Machine Metal Textile Corp Common 25c "Partic pref'ence.15 Metal & Thermit..* Preferred 100 t Named changed to Omar, Inc. 4% 65 6% 7 4% % Nelson 20 60% 80% 12% - - 36% % 7 7 7% preferred.. 100 New England Lime units * 6%% pref—.100 * com N J Worsted pf__100 Arizona Land ,* * * 10 12 8% 58% 13% 13% 50 16% Dec. 1% N Y Dock non-cum * pf * Founders shares. 1 7% 42 7%pref_ 100 N Y Transit Nicholson File 1900 Class B 5 * 1 f 16% 14 91 87 4 3% 30 29 8% 8% 61% 25% Niles-Bement-Pond * 100 58 Murphy (G C) * 5% preferred.. 100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Co * 109 59% Noblitt-S parks Netfna Elec Corp 5 25% 1 North Amer Avia__l North Amer Car..20 56 preferred * 19% 2% 19% 39 40 5% 5 North Amer Cement Common Class A pref Class B pref 12% 8 100 1 1 1 14% North Amer Rayon Com class A * Com class B * 2% 24% * 6% prior pref..50 No Am Refractories System conv Class A B 1% 2% 5% 2% 21% 21% 44% 22% is 224 4 * Class 52 * 6% % preferredlOO % 20 North Central 14% 14% Texas Oil 5 No European Oili.l North German Lloyd Amer Nat Automotive Fibres com 1 Nat Aviation __i_.5 7% 14% tNat Baking com 1 6 % preferred. .100 55* 31S il* 25% N'west 30}f National Candy... * Norwich 93 97 Nat Casket Novadel 170 % %» Yeast 100 12% 24% 13 26% 6 4% 14% 16 49 51 4% 32% Nor walk Tire & Rubber National Bronze & 5 36 4% 35% 37% * 29 30 ...* 7 % preferred Aluminum Fdy..* * 3% shares 8% Northern Illinois Finance Corp * 14%. 25 5% North & Judd Nor Paper Mills..10 59 32% North Pipe Line.. 10 * % N'west Engine 38 Pharm Agene 50 57 k Last sale, 9 4?* 3% 7% 7% 16% 13% $5 13 1% 1% 16% J 24 46 N Y Merchandise. 10 N Y Shipbuilding. .1 11% 25% 51* N Y Air Brake._._* Moxie Co class A * Mueller Brass Co._l t Company in liquidation, 9 7 P.x 95 New Mexico & New Process Co N Y Auction. com 36% 114 New Idea 6% 4% 57 conv pref * Munsingwear Inc..* Munson SS pref A.* Preferred C__ ""% % Preferred 100 New Bedford Rayon Class A 25 New Britain Mach. * Newport Indus....1 Preferred 7% 5 18% 15% 1 6 5% Cord¬ common 92 ..10 5 68 106 Bedford age 60 Mullins Mfg Corp— Class B l 3 46 67 5% preferred..100 New New Hav Cl com..* 7% preferred..100 14% 4% 35 27 Nat Bellas-Hessl 13% 3% 52 * Common 94% 142% 10 Nat Biscuit 10* 40 Newberry (J J) Co— — 36 pf A. 100 Battery pref._* 10% 36 Nestle-Le Mur cl A * 22% (Conde) see C Acme Oo.i l 2 1% com. 8% 15% 59% 20% 3% 21* 31% Twist Drill Spec cl A 75 56% 15% 56% 19% 3% 1% * 1 40 (Philip) Finance 80% 11% * conv pfd 100 (Herman) 5 % 39% 123 65 18 _* Neptune Meter A..* 38J A* * Nebel (Oscar) Preferred % 48 Products * Mot Wheel Corp. .5 Mount'n & Gulf Oil 1 Mountain Prod 10 Nat 14 1 Mesta 4% Navarro Oil Conv preferred..* Nat 53 .100 Nazareth Cement-10 Preferred 100 180 162 10 Nast 50 .1 8% preferred.. 100 25 14 27% pref—100 Cotton 52% % 6% 23 Messer Oil Corp 13% 52 28 12 7 81 pr 10-year 52 pref. 40 Nat Tea common. _* Nehi Corp com Neisner Bros 154 21 com 115% * 117 Scott 111 * 6% preferred.. 100 Merrimac 2% Ward Mergenth'ler Lino.* MerrimacHat .._* Preferred 100 Merck & Co com._l 37 £y' 115 48 , 113% Common 15% 55* 60 Naumkeag Steam 3% 3% Monumental Radio 1 Moody's Invest Serv conv * Nat Transit 12.50 Nat Union Radio.. 1 Natomas Co » Class A & Co Ltd ... National Tool 7 2% 2% 40% 1% 109% pref..25 Myers (FE)& Bros.* Myles Standishw t c* Nachman Springf__*y Narragansett Rac'g 1 Nash-Kelvinator ..5 . Preferred 9 Montgomery Mutual 27 Merritt, Chapman & 54% ser A * Cum pref ser B._* Preferred Merchants & Miners Preferred 5%% 5% Muskegon Motor 24% 22% 13% 108 54.50 pf Preferred Merchants & Mfrs Partic pref Nat Shirt Sh Del..* 7% preferred. .100 Murphy Varnishl65 "1% 10 9% 13% 45% 7% 14 \X 12 Conv part pref..* 4% 4 Motor 60c McQuay NorrisMfg* Corp com * 56 preferred serA* 55.50 pfserB ww* * Motor 11 McWilliams Dredge* Mead * Preferred ll% 8% * Nat Sugar Refg. Amer shares Mortbon Corp A..1 92 10 45% 8% 10% 20% 17 11 8% 3% Machinery. .100 Mtge Bk of Colombia 20% 90% 25 Nat Safety 12.50 Nat Screen Serv » Nat Service Cos 1 & 95 30 pref.100 10 Monroe Loan Soc A1 Monsanto Chem__10 Morse 10 T% 10 7 93 8 7 Refining Nat Rub Mach 14% 20 2 Morris 89 50c I* if* Nat 56 5% 17% 1% Preferred 20% Lindsay Lt&Ohem 10 * 6% 14% 15% Nat Supply (Pa)..10 Morris Plan com 25c .12% 6 15c 22% 5% .* 5 3 \* % 4% 4% 33 Moore (Tom) Dist.l Moore Drop For A.* Morrell(John) & Co* McColl-Frontenac J* 4 5c 30 part pref * Moore Corp corn..* Preferred A 100 49 ll* * 21 49% 32 31% * 100 Moloney Electric Molybdenum Corp 1 Bank Mercantile Stores. _* Preferred M00 preferred 36 4 3% 35 30% Radiator Nat 52 Common 164 9 27% 57 preferred 40 39% Morris Plan Indus 24 Line Material.—. .5 57% 93 51 2 Link-Belt Co Lionel Corp 6 See Textiles Maytag Co * 1st 56 pref * 53 cum pf ww ..* $3 cum pref x-war* McCahan Sugar Refining pref. .100 McCall Corp * * 6%% preferred. 10 100 National Supply— 5% 163 Natl Pump com 14% Monroe Chemical 36% Masonite Corp * 5% A conv pf_100 M ass ey-H arris * Preferred100 100 14 Preferred 1.25 19 preferred .50 84% 111% 83% 105 Common 5% preferred.. 100 National Pressure Cooker com 2 52.50 Mo Portl Cement_25 Mock Judson & Voe Monolith Portland Midwest pref. .10^ 36% 5% 56% 113% Parry Corp * Mercantile 7% 100 Nat Standard 10 Nat Steel Car Ltd.* Nat Steel Corp 25 Portl Cem Common * 35% 12% Mead Johnson 4% 23 Monolith 23 McKesson-Robb'ns 5 53 conv pref * 54% % 3% 6% 36% 102% 104% 175% % 2% 6% 3 2% 2% 5% % preferred._* Nat Oil Products-.4 Nat Paper & Type— 5% % 11% 1 Monogram Pictures 1 37 18 conv 12 11 5% % 10% 5 Class B Monarch Mach T'l * 97 100 com preferred .100 56 preferred 3% 8 Prior 21 34 6% 25 1.50 Proper.. Lincoln Service. .100 2% Preferred 100 Marlin Rockwell-.1 Marshall Field & Co* Mar Tex Oil vtc 1 Martin (Glen L) 1 McKInney 2 1 25 169 27 8% 7 3% Mengel Co 1 5% conv 1st pf_50 * Wks_* Printing-..* 53.60 preferred--* 4 4 Plate Nation! Malleable & Steel Castings * 6% Mississippi Glass— Common * Marion St Shov Class 2 1% 1 1.35 Melville Locom Lincoln 11 27% 137% 65* 9i 17 Pipe Line A 13f # 102 27 165 137 Nat Lock Washer_20 Nat Licorice Preferred 100 Modine Mfg com—* 2 34% * ... 54.50 conv pref__* Lead.-.10 7% pref A 100 6% pref B 100 National Leather. 10 National 12% 120 100 Oil % 12% 16% 1 108 Minneap-Honeywell Mission 20% 2% 2% 109 15 com * A common B common 30 39% 4% 30% Lima 10% 1% A Nat Fuel Gas ..* Natl Gypsum com Nat Mfrs &Stores._* ser 8% 5% 28 •gM 106 Missouri Kansas 1 Martin (I) Sons Pref 6%% Minn Brewing 4% pref 1 7% Food Products 28 10 * B.100 Minn Min <& Mfg__* Minneap-Moline Power Implem 1 56.50 cum pref..* Mission Corp 10 2 Manh-Dearborn Oil 111"" 109 100 * Regulator 18 Lily Tulip Cup 41% 18% 115% 27% 107% 14% Conv preferred. _* Miller Radio & conv Fireproofing. .5 Nat 4% Supply common.* 100 9% 1% % 6% Nat Oil Miller & Hart— 8 7% 31% 3% 7 13% 10 Nat Dist Prod * Nat Enam & Stpg_* Midwest Piping & 5 2 31% 1% Corp— pref * * 6% preferred Midland Steel 29% 41% 18% 7% pref class A100 7% pref class B100 4% 1% n2% 23 McKeesport Tin Inc Preferred 1 20 45 McOrory Stores 1 Conv 6% pref.100 30% 4% 1% Midwest Math'son Alkali—.* 9% * com.* n% 13% Class * conv 25% 11 Nat Dept Stores Pet— States Mid-West Abras.50c * Option warrants.. 4% 16% 10 _ Scrip 123 Preferred corn.. _ Mid vale Co 5 5% Margay Dec. 21 12 Le Roi Co com—10 33 1 Manufac's Trading 1 Mapes Cons Mfg..* Maple Leaf Mill.. * Preferred 100 Maracaibo Oil Exp.l Marathon Paper. .25 Preferred 100 16 * 31% Razor com Major Marketing.. 1 Mallory (PR) * 4% 16% 1 com Products Manning Bowman 11% Common B MacWhyte Co— 8% preferred Macy (R H) Co Inc * Mad Sq Garden ._* Magazine Repeater 17 11 4 %% pref —* 3% Class B vtc 52 34 Mack Trucks Inc.-* MacMillan Co * 56 Trusts. Stores Preferred 2% 8% 1st pref...100 52 n-cdivshares.* 33 Macfadden Pub—* 16% 108% Lehn & Fink Prod.5 Lesslngs 100 23 Co 54"' Leland Electric * Leonard Oil Devel 25 Lerner 6%% pref—100 Lynch Corp 5 Manhattan Shirt_25 Manischewitz _* 15% % Products 6 20 Lawbeck Investm't 4 6% preferred.. 100 Macfadden Newsp.* * 9/L 2% 8% % 25% 6% Nat Cylinder Gas__l Nat Dairy Prod * 15c Class A vtc 108% 50 MacAnd & Forbes 10 5c Ask Bid Nat. Cash Reg * Nat Container J Del) 1 5 Mlckelberry's Food Midland Common 20% 5% Preferred *—,--50 Lanova Corp .1 Lanston Monotype Machine Co. .100 24 106% 3% Lunkenheimer 1% 10 Mid-Cont Petrol Middle 3 55 JLangendorf United Bakeries— Class A 22c Mangel Stores— Landers, Frary & Clark 25 Lane Bryant Inc..* 21% 148% 1 % 18 Lukens Steel 5% | % 2% 7% %6 Sugar Preferred 100 Mandel Bros Inc..* 5 5 Michigan Airpl_50c 12 20% 21% 146% 1% Par Per share %6 Dec. Mich Bumper 1 Mich Gas <fe Oil 1 Mich Steel Tube_2% Valve— & Co common Milling Lane Wells Co pf_100 conv 27 Lake of the Woods Lee Rub & Tire 6%% Manati Sugar com 1 21% 50 Preferred 7% preferred-.100 Television 5% 41 21% 26% 11% 4% 20 105 Majestic 71 4% 1 Mahoning Invest 100 W* 70 Mexican Petrol 2nd preferred. .100 Lorillard (P) 10 Stocks 1 * 19% Ask 4%i Metrop Playhouse.* Oil.4 Mexico-Ohio oil 100 Preferred 12% 27% 3% Bid Mexican Eagle 6 preferred ..100 Ludlow 11% 26% 15 4% 12 48 106 1st STOCKS Per-share 210 Ludlow Mfg Assoc.* 4 2M 4 99 2 2% Par 11% 170 3% 6% "I" Stocks 47 5% preferred-.100 Luscombe Wire common * Common 55 preferred—100 Longwest Corp * Loose Wiles Bis..25 Loudon Packing—* Louisiana Oil Refg.* Keystone Steel & Lambert Co Lanatin Corp Long Bell Lum A..* Lord & Taylor-.100 8 14% As* Per share 6 70 MISCELLANEOUS possible for the closing day of the month preceding ths date of Issue n Nominal, r Canadian price, t New stock. jan., 1939] industrial Quotations for all securities Stocks Bid Ask Chem 7% 2% 1 Nu-Enamel 1 Nunn-Bush Shoe 2 H Oakite Products 20 Ogilvie Flour Mills.* Preferred .100 Ohio Brass B 27" ' * * 6% preferred--100 Ohio Rubber 59 Phila Insul Wire.—* 18 Phil & Read C & I.* 13% 105 5 40 45 1% 9% 5 Preferred 2% 100 135 10 150 6% preferred.. 100 Oldetyme Distillers 1 92 95 Oliver Farm Equip.* Warrants Omar Inc 1 28 common 1% 1% 28% % "Ik Record com.* Phila 5% 100 Phillip-Jones Corp.* 7% preferred-.100 Philip Morris see M Phillips Packing * Phillips Petrol * Phoenix Hosiery_..5 7 % preferred-. 100 Pick (Albert) com.l Preferred 5 13% 14% 29 Pierce Butler Rad.5 Onondaga Pottery.* 24 8 Oppenheim Collins.* 8% m 25% % 26 % 131K 14 K 25% 15% 8% Pierce Governor—* Ontario Mfg com..* Otis Elevator * 6% preferred-.100 Otis Steel.. $5.50 » 1st pf_* Marine & 48 conv Outboard * 21 % 40 % 7% preferred.. 100 Outlet Co com Overman 27% 1% 26% 142 14% 51% 22% 45 3 70 71 $6 preferred A $5 preference _* Pac Amer Fisheries 5 30 34" 6% 7 3 K 15 K 6 pac Eastern Corp..! 4 3% 15% 6% 4% Pacific Port Cement Common 100 1.50 45 JO Packard Motor * Page Hershey Tubes r 11% 4% 100% Pillsb Flour Mills..* Winterfront.l Pines Pirelli Co of Italy— Am shs 500 lire— Pitney-Bowes Post. * Pittsburgh Brewing * * Preferred pref * Pitts Forgings 1 Pgh Metallurgical 10 Pittsg PI Glass—25 conv Pitts Screw & Bolt-* Pittsburgh Steel—* 7% oref B 100 5%% prior pf.100 5% pref A 100 * 5 115 American shares.- Pantex Pressing Machine common* Preferred * Inc..* 4% conv pref.100 Paramount Motors 1 Paramount-Publix 10 . Paramount Pictures 1 6% 1st pref.. .100 6% 2d pref 10 Parke, Davis Co..* 10 Parker Rust an 7% 7% 7% preferred * Peabody Coal B 5 6% preferred—100 Peck, Stow & WilclO Peerless Cement * Weighing & Vending com 1 Preferred * Pender(D)Groc'yA » Class B * * Ford Penney (J C) Com.* Penn-Central Air¬ lines Corp 1 Penn Coal & Coke 10 Pa-Dixie Cement- .* * _ Switch class A.. 10 Penn Federal Corp.* 4 % % preferred_50 Penn Glass Sand— Penna v t c—* pref * 59% 2% 13% 103 12% 40% 14% 13% 1% 10% 97 30% 7 Class A 6 Class B lc Units Peoples Drug Stores* 6%% conv pref. 10 Pepsi-Cola. * Co 25 6 % 6% 14 2 10% 100 % 50 16 * 5c 2% 25% 2% 20c 2% 29 115 90 95" 25% 26 1 8 Pet Milk * 17 Pet Corp of Am 5 9% 8% 18% 9% 60 Reynolds Tob 53 57% 44% 6% 45 80 9% 10 B common 10 Rhodesian Anglo. 10s Rhodesian Selection 3% 4% 107 100 Co____* 80 Richfield Oil of Calif Common * 1 60 5 1 6 18% 19% 12 9 P) .7% 1st pref—100 18 * 3 4 100 15 2% 12% 1% 56% Root Petrol Co 1 2% 13% 1% 2% 20 * Alegre Sugar * * Purity Bakeries—* Pyle National Co. 5 Pyrene Mfg -.10 Quaker Oats * 6% pref erred ..100 Quaker State Oil.. 10 Chem.l Radio Corp of Am.* $5 pref B * $3.50 conv 1st pf * Radio-Keith-Orph.* preferred Warrants 5 100 B * Rath Packing 10 Raybestos-Manhat * Raymond Concrete common * $3 conv pref Rayonier Inc com—1 $2 cum pref 25 Raytheon Mfg__50c 6% preferred 5 Real Silk Hosiery 17 19% 21 % * Roxborough Knitting %6 %6 3 2% Preferred. 6 Royal Typewriter.* 7% preferred.. 100 Royalite Oil Ltd—* 12% 38% 5% 10% 81% 83% 13% 10 6% 13% 38% _ 5% preferred. .100 6% preferred.. 100 7% preferred-.100 St Lawrence Corp.* $2 conv pref—50 St Lawrence Flour 2 8 66% 2% 5% 67 52 2% 5% 2 Mills com Preferred 4% 4% 70 15 3 100 100 32 5% 33 33% 6% 3 4% 15% 20% 106% 4% 15% 57 17 25 105 Sangamo Electric..* Sanitary Co of Am 23 39% 44 20 17 17% 23% 2% % 8% preferred San-Nap-Pak com.l 5% k Last sale. n * 5%% preferred.. Nominal, 24% 2% r 3% 90 17% 17% 33 35 Savoy Oil 4% 107 80 Schiff Co com 2 1 Development.. 10c Class Exp__l00 t 2% 90 Dairies- * A * Class B South'n Pine Line 10 3% 5 5% 5% _ 50 17% 17 __* Spear & Co 1 $5.50 preferred..* Spencer Kellogg * Spencer Shoe * 8perry Corp v t c_.l Spicer Mfg Co * $3 conv pref A * Spiegel Inc com 2 $4.50 conv pref..* Springfield Ice & F.5 Square DCo 1 Squibb (E R) & Son* $6 preferred * 70 11% 72 Canadian prise. 12 %« % 7 37 .1% 17% 69 % 1 New stock, x 18% Shore Oil & S'west Pa P L 3% 18% 2% 33 Webbing Mills. Southland Royal..5 30 16% 1% Sanborn Map 9 5% 17% Spalding (AG)&Br_* 7% 1st pref.-.100 Sparks-With'gt'n Co 55 21 4% 51% 12 5 Sou 21 78 3% 20% 8 n 4 27 South 125 27 20 4 T% 17% 132% Common 1 5 Schenley Distillers_5 5%% pref 100 ~i% So Porto Rico Sug_* Southeast 1 Units 14% 13% 2 8% preferred. .100 25 Savage Arms * Savannah Sugar—1 14% 13% 3% 32% Southern 100 r 16% 18 60 Southern Phosph.10 r 19% 22 1 5 St Regis Pap com. .5 Preferred 100 16% 103 25 96 * St Paul Union Stock Yards com *_* 8 100% 19% 100 Preferred 83 St L Rocky Mt & Pacific Co. .100 St L Nat Stk Y —5 Works 29% Salt Dome Oil 3% 41 Soss Mfg common_1 South Bend Lathe 66 105 r b Smokers Match 81% 95% r 7 $6 preferred—100 29 Samson United Mills common._.5 102 64 29 % 80 98 South Penn Oil 3% % 26% 19% 2 75 Sloss-Sheff S & 1.100 South Coast Corp.-l 36 120 73 Preferred 23 11 28% 96% 12 43 100 14 43% 11% 1% 7% 60 112 ' 41 13 % 1% 10 95 Sonotone Corp 1 Conv preferred-.l $2.50 conv pref..* Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car H & L__* Safeway Stores * 150 22 % 28 72 Rustless Ir <& Steel. 1 12 20 * 56% iVt 148 80 Common 69 87 117 4% 14 Sonoco Products—5 82 13% 10% 5% 12 Skelly Oil 15 6% cum pref. .100 Skenandoa Rayon.* 5% preferred. .100 58 Ruberoid Co * Russeks 5th Ave_2% Russell Mfg— -.50 4% 115% 7% cum pref. .100 Reda Pump * Red Bank Oil * * Without par value, 2% 220 3% Typewriter vtc--* * Smyth Mfg .25 Snider Packing * Socony Vacuum.. 15 Solar Mfg Corp 1 14 of N Y ord shares. 3 Sivyer Steel Casting Smith (A O) Corp. 10 Smith & Corona; * Rossia Int Corp 22% 3% 216 20 20 com 7 Royal Dutch Co 1% preferred .100 Randall Corp pt A_* 12% 15% 1 107 Ralston Steel Car— common pfd.20 58 22 Slrian Lamp com..* Preferred ._* 1 Rose 5 10&25c Store 49 common 1% 2% 5% 2% 3% 1.25 49% * Preferred % 10% 1% 2% Simonds Saw & Steel Yards 90 Corp.5 18 32% 1.05 * 1 Simon (Franklin) & Co 7% pref.-.100 17 5 39 * Simms Petroleum. 10 Simon Brewery Rockbestos Prods— 100 16% 32 * Simplicity Pattern. 1 Singer Mfg 100 Singer Mfg Ltd £1 Sioux City Stock Roosevelt Field "4% 70 preferred...* Common 60 35 Pub 3 4 107 100 Silver Burdette— Common 1% % common 12% 7% 1% 7 Ross Gear & Tool 15% 26 10 Simmons Hdw & Pt * conv 15 25 Simmons Co * $1.20 * * 10% B Rockwood & Co.. %6 Dec 30 4% 5% $2.50 preferred_30 65 20 % 1% 15 120 9 2 118" 14 109 Simmons-Boardman 15 %6 * 3% A Rome Cable 25 100 2 15 19% 57% % 55% 114 Preferred..: Prior pref Schulte Real Estatel Preferred 100 t Company in liquidation. 27% Roeser & Pendleton * 42 112% Shrevept El Dorado Stamped Shuron Optical * Signode Steel Strap'g Silex Co Class Preferred 105 113 j 5% pfser AAA 100 9% 2% 3% Class Preferred. 7% 23% 110% 25 Sherw-Williams ..25 2% * _ % 28 Hoist 1 com.. Rochester Button. 11% % 28% 38% 15% 4% % 75 37% 14% 1% % 104% Warrants 3% Richman Radiator. 1 Richmond Cedar , 49 11 Rights 5%% conv pf.100 Shepard Niles Crane Common.. 9 2% Preferred 4% 5% Robinson (Dwight % 5% 2% 20 48 * Shattuck (Frank G)* Shawnee Pottery. .1 Sheaffer (W A) Pen* & "7" 19% 67% 7% Sharp & Dohme * $3.50conv pref..* 6% 108 26% Robertson 'HH)..* Robertson Pap Box.5 1 6% 5% 2% Sher-Wms Can 5s new 10 Rogers Majestic—* Rogers Peet ,.100 Rollins Hosiery 1 * Pure Oil Co Pile 2% 13% 77 14% 14% 43% 19% com..* Inc Rademaker 13 2% pref conv 13% % 2% 17% 110 * Shell Transp & Tr £2 Shell Union Oil * 14% 14% Prosperity Co B * Publication Corp..* 1st preferred.. 100 Original pref..100 Puget Sound Pulp & Class 2% 53 _ Bobbins & Myers. .* Preferred 25 Rainbow Luminous Product A * 1% 1% 167K 88 2 117 New 14% 40 78 5% preferred. .100 5% conv pref. .100 8% 19% 37% _ 23% 6% preferred.. 100 4% 28% 10 1 7% preferred-.100 $5 6% 22% 8 2 69% Servel Co 71 68 7% cum pref. .100 5 % % cum pf_ 100 Reybarn Co Inc 1 Reynolds Metals..* 5%% conv pf.100 Reynolds Spring...1 21 5% preferred-.100 Timber % 69 10 20 Steel Car— Preferred 30 2% Shamrock O & G..1 Sharon Steel Op * Preferred 100 Ritter Dental Mfg.* Riverside Cement— 216 New 2% 1% 24% 50 unstamped-1 Pullman 19% % % 1% 24% 13% 1634 Producers Corp..25c 78% 13% 120% Seversky Aircraft..1 16 8% preferred-.100 78% 15% 75c 39 Proc & Gamble 7% 57% 27 65c 36 41% 56 8% 1% 4% 1 48 39 7% Seton Leather * 13 Punta 35 78 Revere Cop & Br. .5 Class A_ 1 10 22% 100 35*« Riley Stoker % Preferred Selby Shoe * Sentry Safety Con.i Serrick Corp cl B.-l 74% 10% 19% Works 50 Rubber.* 22 w__25 43% . % 9% 6% 50% 1 Preferred 16 23 71" % 8% 6% 49% 13% %6 2% 17% 33 Segal Lock & Hard¬ Seiberling * Hall pref Price Bros & Co...* Preferred 100 Process Corp com..* 16 % 9% 73% 29% 73% * 3% 16% Warrants. % 8% 22% 40% 3% * 18 warrants 2d pref 4 2% "5% 3% Rice Stix Dry Gds_* 1st pref 100 1% 21 22% * ware com rights Richardson % % 19 21% Seagrave Corp Sears, Roebuck 19% 5% conv 1st pf..5 5% conv 2dpf__50 16 Permutit 22 $2 conv pref.... * Seaboard Oil (Del).* ** ordinary 1% % 10% 19" Com 9 164 2% Penn Vy Crude Oil— ,1 Metals Am. * Pressed 3% 1 Penn Traffic com 3% 3% 13% 103% _ Penn Sugar vtc._20 Circle 36 13 10 11% Preferred 41 Prairie Oil & Gas_25 61 78 Penn Rivet Corp__l Penn Salt Mfg—50 Perfect 36 33 . Propper McCaH'm.* 25 Fuel 5 5 104 3 % Industries— Units Penn-Mex 13 8% 13% % 21% % % V % Pressed Peerless conv 109 8% * conv 102 8% 108 Class B 28 & Reel common... 1 Parmelee Trans * Pathe Film Corp-.l $7 11 1% Prentice 5 24 19% Common 10% 7% * Pratt & Lambert--* 28 7 % conv pref A. Penn Electric 67 8 Porto-Ric-Am Tob— 7% 19 Penick & 60 13 * 1% 7% 25 / 5% 22% 1 Corp Potter Co Prf_2% Rig 2% 29 69 Potrero Sugar Pref stamped Park & Tilford Inc.l Parkersburg 6% 100 Potash Co of Am... 6 7 13 6 2 w 19 21 12% 6% conv pref.100 6% prior pf A. 100 Respro Inc com * 44% 2 .100 Class A 7% % 27% 5% 20% 7% Pollak Mfg * Poor & Co class B__* 10% 25 * 26 19 10% 99% Rem'tn Rand com.l Bond pref_50 4 11% pref. 2 5 conv Steel * Seaboard Fin Corp.l $2 cum pref w w_» 10 100 Preferred Reliance Sveel 18 113% 25% 17% 12% 12% 1% Seeman Bros * (Illinois) B 48 113 Scovill Mfg Scranton Lace 9% 22 8% % 9% Reliance Elec & Eng Common. 5 Reliance Mfg Co 1% 40 Class A Refg new com 1 Pantepec Oil Co—1 21 $1.50 4 24% % 1 G)— 7% 1st pref 100 Plough Inc Plymouth Oil Pan Am Petrol & Pan-Amer Southernl Panhandle Prod & r (Thos Preferred 6% 3% * 4%% preferred _* 25 7% 1 _ Common 5 11 3% 1% 17% * Plant Reduction Pleas't ValWine Col 75 Parker Pen 37 6% preferred--100 11% 4% 75 5 4 Pittsb Term Coal-.l Polaroid Transport $50 par B r * 16% Paraffine Co 36 % % 7% 9% 48% . Scott Paper 32 i_* Republic Steel 6% 16% 10 Mills Ltd Pilgrim Exp!orat__l Preferred 60 Pan Am Airways..5 Pan-American For¬ Pan Amer Match.25 2% 43% 3% Sts.l Warrants 5 Plant 102 28 Ask Per share 8% preferred.. 100 Schwitzer-Cumm 99 100 Reliable Stores 2% 43% 2% 8 Preferred Reo Motor Car Pocahontas Fuel-100 1 50 2% Schulte Retail Scullin 10 50c" B 6 32 6%% pref Regal Shoe 40c ioc" Class 33% 5% 18 4% * 100 9 * eign Corp class A1 32 * 32c pref. 100 2.50 50 Pairpont Corp.. 100 Palmer Bros 30 ~8% conv Pittston Co 100 Preferred 28 "7% 8% $5 5% * 2 Preferred Renner Co 6% preferred-.100 1 Pacific Coast Co. .10 1st preferred * 2d preferred * 2 1 Preferred.. 25 Reis (Robt) & Co__* 7% 1st pref—.100 Reiter-Foster Oil.% Pierce Oil Corp—25 Pitts Coke & Iron..* Tire 6% pref * Owens-Ill Glass. 12% Oxford Paper com.* Pacific West Oil 5 Pkge Corp Pitts Coal (Pa) —100 Cushion Pacific Can 1% Pierce Petroleum..* 8 114% Manufacturing. .5 15 Reed Prentice com.* Preferred Reed Roller Bit Reeves (Daniel) Bid Par Regent Knitting 5* 27 5 Stocks share Reece Button HolelO Reece Fold Mach.10 Remington Arms..* 28 Oshkosh B'Gosh * Conv preferred. _* O'Sullivan Rubber. 1 2% 9% Pictorial Paper Oneida Ltd coml2% Preferred 25 . 1 Ask Per Par 18% 9% 111% 11% 8% 9% 110% 4 Okonite 9 58 16 90 100 1 Pfeiffer Brewing * Pharis Tire & Rub.l % 1% 3% 7% 9% 43% 1% 3% 10% 43% * 7% preferred % 1% 2% 7% Phelps-Dodge 25 Phila Daily News. 10 Phila Dairy Prod..* $4 preferred * $6 preferred * Ohio Seamless Tube* Oil Exploration Oilstocks Ltd Conversion-1 Bid Stocks share. 9 14 * Ohio Oil 27% Ask Per Petrol Derivatives.* Petrol Petrol Heat & Pr__* 25" 24 * Ohio Match 14 158 r * Ohio Forge & Machine Corp Ohio Leather 8% 2% 12 % r Par 89 stocks possible for the closing day of the month preceding the date of issue Bid Stocks Per share. Noxzema miscellaneous & are as near as Ex-dividend. 3% 8 6% 19% 3% 39 3% 8 1 _ 3% 8% 75 20 21 .2% 47% 15% 3% 48% 45 45% 15% 69% 3% 29% 16 15% 70% 30 24 26 105 107 INDUSTRIAL 90 STOCKS MISCELLANEOUS & preceding the date of issue Quotation* for all securities are as near as possible for the closing day of the month Par Stocks Ask Bid Stocks BtaleyMfgOo 10 7% preferred-. 100 55 preferred -* 11^ 100% Standard Brands__» 14% 3% 3% 98% 17* 4%% conv pref.* Tilo Roofing com 1 13% 92% 14% 104% 3% 15% 13% 94% 15% 21% Time Inc 12% 7 81% 97^ % 15% 21% . Stand Gap & Seal..l Oonv 102 80 $4.50 cum pref..* Standard Brewing. * preferred-10 % Products Tishman Realty Tobacco & Allied * Stocks, Inc Tob Prod Expts Tobacco Secur Ltd * * 2% 2 iia $1.60 conv pref.20 Stand Oil (Oal) • 13 28% 28% 50% 17% 6% 53% 28^ 28% Stand Oil (Ind)...25 Stand Oil (Kan).. 10 m Stand Oil (Ky).—10 Stand Oil (Neb)-.25 6% 53 y8 19% Stand Oil of N J..25 Stand Oil (Ohio)..25 20 102 101 5% preferred..100 Standard Plastics Standard Products _1 Standard Screw..20 ~9% Stand Silica com 1 Stand Steel Spring.5 Stand TubeclB 1 22 Stanley Works 25 Starrett (L S) Co. J Starrett ~4% 4% 8teel Co of Can * Preferred 25 Stein (A) & Co com * Preferred 100 Sterchi Bros com * 6% 1st pref 50 5% 2d pref._..20 Sterling Aluminum Products Stern Bros common Preferred A Stetson (JB)__ Preferred 14 5 34% 3% 75% 3% 76% Steel * 12% "4% 11% 107 3% 1 Truax-Traer Coal. 7% Nov. 30 Truscon 2% 6% 3% 4 70 2% * 10% 5% 30% 2% 10% 4% 29% 2 38 5 71% 3% A 1 7% preferred. .100 Tung-Sol Lamp 1 80c div conv pref * 2% * $1.50 preferred..* 12 14 Twin Coach com.-l Stewart-Warner 5 Stinnes (Hugo)Gorp5 12% 12% 1% Ulen & Co com Stlx Baer & Fuller. 10 5% Stokely Bros Conv pref 6 ~6% Underw Ell Fisher.* 16 Unexcelled 16% 5 9 $ 25 Stone & Webster—* Storkline Furn 10 Strawb'ge & Clothier 6% preferred—100 7 % preferred._ 100 Stromberg Carlson.* 6% Preferred.. 100 Strouss 5 6 94 96 46 48 * * 1.25 preferred Studebaker Corp * 1 Submarine Signal_25 Sullivan Macn'y * Sundstrand Mach Tool common 5 Bun * 6% cum pref.. 100 Sunray Drug 1 Sunray Oil.. i 5%% cony pf..50 Superheater Co. * Superior Oil Corp. 11 Superior Oil (Cal) 25 Superior Portland _ . Cement A pref—* Class B * Superior Steel... 100 Susquehanna Silk Mills class A....1 Class B 1 Sutherland Paner.10 Swan Finch Oil... 15 Sweets Co of Am_50 Swift & Co 25 Swift Internat Ltd— dep ctfs of bear shs Sylvania Industrial * 4% lb" 2% 6% 7% 3% 7% 7% 27 23 8% 8% 64% 121 9 40 82% Preferred., 100 Utah-Idaho Sugar.5 26% 34% 10% 4% 5% 3% 65% 1% 26 Vs 35% 12 12% 89% 9 89% 6 4 38^ 39 3 * Inc common 5 Iron &■ Steel com.* ....1 Inc.. * 41% 12% 21 100 43 13% 21% 5 10% 18% 27% 16% 2% 30 United 18 _ 8 5% 36 8 44% 47 32 8 8% 1% 2 22 Term <fc Transcom.l 1% % % Preferred * Texas Corporation 25 Texas Gulf Prod— * 47% 5% 22% 4% 6% 2% 1% Texon Oil & Land..2 * * * 1% 32 9% 825 8% 3% 19% pref..* 58 1 4 No par value, k Last sale, n 114% 45 1$ % % Wm Oil-O-Mat Williams (R O) * Wil-Low Oafet— Conv pref * Willys-Overland 1 6% conv pref—10 44 * 15 74 Willson Products..1 Wilsonite Corp 1 ~5% _ 3% 66% 7?A 6% 33 a8* 65% 65 % 100 68 73 Unit Paperboard. 10 Preferred 100 Unit Piece Dye com* 7 1 _ * 5% preferred..100 VogtMfg * Vulcan Corp com..* 4%% prefnewlOO 3% pref new. .100 Vulcan Detinningl 00 7 % preferred -.100 8 10 7 % preferred Woodall Indust Waco Aircraft * Wahl Oo • Waitt&Bond Inc A Class B * * * Walgreen Oo com..* 4% % pref w w 100 Walker (H) Good'm & Worts com..* Preferred * Com class A Com class B ♦ * A * 7% preferred..100 B ..* Warner Bros. Pict._5 1 Preferred 100 Finishing 7 % pf * * $1 cum. $3 cum U S Ind Alochol » U S Leather com..* Warren 24 5% 60% 10% * 1st pref.* pref * Pipe * (Northam) 8 14% 2% 35% 6% 39% 3 3 Webster Eisenlohr.* 7% preferred-.100 Weisbaum Brower 8 4 9% Ex-dividend. Woodw'd & Loth'plO Preferred 100 Woolw'th (F W)_10 2* 25% 51% 2% If* 119 50 50% 13% 42% 48 Woolworth Ltd— Am dep rects ord. Worcester Salt.. 100 Preferred 100 14 102 & Mach 100 6% pref B 100 4% % conv prior preferred 100 4%% series prior preferred 100 Wright Aeronaut'l.* Wrigley (Wm) Jr * Wurlitzer (R) com 10 Preferred 22^ * 7% pref A 100 67 59 75~" 50 54 38 39 119% 121 76 7 77% 75 80 31% 1% 32% 1% 7% Wyoga Gas & Oil. % Yale & Towne 25 Yates-Amer Mach .5 Yellow Truck & Coach Mfgcl B..1 7% preferred..100 20% 104% 20% 108 7 30% 7% Preferred.. 100 Young (J S) Co. 100 43 45 45% 22 32 3% 3% % & 100 wire 126 5% 14% Door common 1 19% 19% * 30% 31 Youngstown Sheet & * 5%% pref.. 100 Youngstown Steel Car Zenith ~4% * Youngstown Steel Tube 60 14% Preferred 80 Young (L A) Spring 23% 9% 105 x Prior pref units Woodward Iron.. 10 30 5 t New stock, 6 * 6 1 Wellington Oil 1 Fargo & Co.. 1 10 H . _* Welch G'pe Juice 2 % Preferred 100 6 70 14% 2% 36% 6% 40% 2% Bros com Machinery pref. York Ice Mach 23% 8% 31% 3% ~7~% 34% 24% 5% 1 14 42% Wayne Knit Mills.5 Wayne Pump 1 6 10% Waukesha Motor..5 1 5% 10% 112% Wells Canadian price, 8% 7 $3 conv pref * Warren (S D) Co..* 101% 172% 7% 31% 8 8% 1% Warren Fdy & 7 39 111 pf.100 4% 8 50 Worthington Pump 6 Warren Bros 20 7 % preferred. 100 U S Hoff Machin'y5 5%% conv pf__50 19 50% 20% * conv Preferred 1 % 5% 10% 1 6% % 7% 50% 20% * 43 96 8% 87 * 42 34 ~7% 85 pf Warner Co 4% 119^ 7% 7% % 5% %< 6% 18% com 1% 10% 85% U S Distributing * 7 % conv pref. 100 U S Envelope 100 $3.85 1% 10% 85% 3 Wood Newspaper 69 90 12 20% 2 34 31 * 1% Wood 68 27 6% preferred 10 Ward Baking Corp— 100 32 85 Walworth Co . (Gar) see G Woodley Petrol 6 %6 100 Un Shipyards B 9% 1% . 28 7% prior pref. 100 6% preferred-.100 Profit Class A 1 Un Shoe Mach 25 Preferred 25 United Specialties. 1 8% 1% Wood (Alan) Steel.* 25 Waltham Watch cl B 75 Sharing 25c 10 % preferred -.10 10 2 Wolverine Tube 27% 115 Portland com 28% 2% 5% 7% 5 Cement 2 Waldorf System Merchants Hosiery 100 100 Wagner Bak vtc-.l 5 com 4 8% * ~5% 5 3 Winsted 2% 4 100 2% 24% 2% 2% 5% * $6 preferred. Line Preferred Wilson 4% 1% 25c 8* 4 Wilson-Jones 2% 5c * Wilson & Co 1% 32% 6% part pref. .100 6% Jo* 78 1 * 1% 31% Electric r 34 5 Wolverine $3 part pref * United Molasses Ltd Amer dep rets. _£1 Nominal, 27 * Va Iron O & O 37c Oil F) 25M Pump II * 4 33% 43 Preferred 4% 16 10% 63% 26 112 18 pref... 10 78% 28 (H Gas 32% Part conv& cl A.* 59 75% 27% 9% 59% 3% 6 31% * cum pr Wilcox 31 Victor Brewing 1 Victor Chemical 5 Va-Car Chemical..* 7% 21% 7% 30 27 29 45 . 22 2 Preferred 50 WJR The Goodwill Station 5 U S Freight. U S Gypsum 8% 3% 1% Suchard Chocolate com 50c Preferred $50 Willcox & Gibbs—50 20 5% 32% 10 Stores— * preferred..* 15 usFoiiB—:.:_i 900 10 Wilbur * Vertientes-Camag'y Sugar common. .5 Vicana Sugar v t c.3 Wieboldt Prior 103 Spencer common.. * 119 7% 20% U S Steel 100 Venezuela Mex OillO Venezuela Holding. 1 Venezuelan Petrol. 1 preferred ...10 Viking 48" Land Trust old stk__ 100 Ctfs sub shares.. 1 Milk Class 6 Texas Gulf Salph..* Tex Pac Coal & OHIO * Class % 4% Tennessee Prod... * Warrants Corp United Screw & Bolt 90 Tennessee Corp...5 8% preferred..100 _ Wickwire % .25 7 % preferred. 100 Whittall (M J)— 17% 4% * B Preferred %6 30 53 common. Whittaker Paper— 5% 80 Vanadium * Whitlock Coil 17% 3% 42% * Un Eng & Fdy United Fruit United 50 ..1 Mach .* $4 conv pref * White (SS) Dental 20 White Rk Min Spgs- Winters & C'mpton 1 Witherbee Sherman 100 6 Mfrs vtc 10 15 24 Valvoline Oil comlOO White Sew 40* United Drug 5 United Dyewood.10 27% 5% conv pref..30 Weyenberg Shoe 1 Weyerhaeuser TImb* Wheel Steel Corp _* 6% Preferred.. 100 $5 conv prior pf_* 1% % 39% * Un Drill & ToolClass A Coal Cos * * A 5 United Cigar-Whalen Stores com 10c United Westland Oil Weston El Instru..* * Chemical 6% 12% 18% Westinghouse Elec 6 Mfg com 50 7% 1st part pf. 50 Pipe 2 i¥A _* common. Vick Chemical $3 part pref * United Cigar Stores— 7 % preferred. * Stationery Westinghouse Air 66 * United-Carr Fast..* Class 40 17 13% 50 Western Newspaper Union common. _* 65 * pref. 100 United Carbon _ siH lit* 13% 1% "ef 77 Veeder Root Inc 26% 1 5 Biscuit conv 13 Warrants 2% % 29% Telaut'g'ph Corp. Thermoid 5 $5 preferred Taylor Young Thatcher Mfg Lines Transport 10 Dairies Common 7* 23 7% 1st pref Western 7% first pref..100 3% * 23 42% 18 2% 5%% prior pref.* Valspar com 1 $4 conv pref 5 Common $4 preferred ) 72 16 21 Van Dorn Iron Wk3* Van Nor Mach Tool5 Van Raalte Co 5 22% 42% 68% 19% Van Camp * 17% 14% 83% 159% 8% * 7% cum pref. .100 Valley Mould & Iron 13% 5 6 % preferred 3% 43% 42 Common 19 United Aircraft United 2% 7 % preferred ..100 13 56 ~4% Vadsco Sales Corp— 18% 25 7% 65% 121% 39 44 l Tampax Inc 1 Tastyeast Tnc cl A 1 Taylor-Colquitt Co 5 Taylor & Fenn__100 Taylor (K) I)ist._.1 Taylor-Wharton conv 4% 6% 5% 66% 1% :* Preferred. 10 Utah Radio Prod-.l Utica Knit Co 100 11 54 Air 155 7 100 76% 2% 6% 7 _ Common White Motor 36 24% Preferred 10 2% J a Ion l 1 m $3 1 com Un Artist Theatre 9 36 Talcott (James)...9 partic pf_50 ww conv 25 Conv preferred. 15 United it* 83 Upson Co com. 12 % 3 100 Westvaco Chlorine.* % 5% 2% 85 * 8% 1st pref Preferred Western Air Expr. 1 West Auto Supply— Class 54 4% 12% Universal Prod Un St Yds Omaha 100 9% 2 1 Universal Pictures .1 Union Premier Food Stores 9% 7% 4% 34% 7% 42% $3.60 Mfg United Milk lTod. x w Taggart Corp $2.50 pref Pacific Mfg. .10 Union Oil of Calif. 25 5% 80 Symington Gould- Texas * Union Carb & Carb * „ Aircraft Technicolor * & Paper Corp common .* United com Common Common * Series A pref Series B pref Union Hirshberg.* Struthers Wells Titusville com Oil 12% 16% 3% 8% i% U ni versal-Cyclops 12% Union Tank Car Stroock & Co 6% prior pref. 100 Universal Corp vtc.l Universal Cons OillO 15 Union Bag 1 8 3% * Steel Corp Univ Leaf Tob 20th Cr nt Fox Film Common "5% 46 45 * 11% 10 Steel Chatillon. Class pref 35% . 8% preferred. .100 Trunz Pork Stores.* Tubize * ..25 ' Delaware Nov. 30 35 Trico Products conv Vot tr ctfs: 7% 1% 13% 95% 4% Brake 44 Conv preferred..* Stores A * $6 3% 35% United Stove 1 United Wall Paper .2 Williams Forging 730A United Stockyards— Common __1 10% 1% 3% Western Tablet & Preferred * U S Tobacco * 7 % non-cum pf.25 Daylight M 5% * United Triplex Safe Glass.* Triumph Explos_._2 Trojan Oil & Gas of 72 117% 6 10% 33H 1 com Sterling Brewing 1 Sterling, Inc 1 Sterling Products.10 24% 6% Transwestern Oil .10 t c..l v 25 13 Transue & 7 % preferred. .100 * Conv 1st pref * U S Sugar Corp * * pref preferred * Western Groc Ltd.* f Preferred 100 r 65 14% 26% 26% 2 44 62% 21 131 28% conv West Indies Sugar.1 West Michigan $3 U S Stores com 5 42 7 % preferred—50 U S Steel Corp * 13% Screen..1 3 62 69 2% 12% $4 4% 12% 5% 52% 102% 61 1% 33 West Air Line 2% Wentworth Mfg.l % Preferred * Wesson Oil & Snow¬ Steel Foundry—1 W Va Coal & Coke. * W Va Pulp Pap..* U SSm Ref & Min5ft 16 4 Picture 102 1st pf_100 n-cu USRubb Reel....* 81 28 Trans Lux 10 14% 1% Securities..* 100 22% 2% 2% 4% \H 11$ 51$ 6% preferred—50 & Imp. * 78 dep rets ord £1 def__ Shipyards * Tokheim Oil Tank & Pump 5 Toledo Ship build..* Torrington Co * Am dep rets Transamerica Corp 2 Transcontinental & Corp— Common 4% Am Trane Co 34 31 132 U S Realty U S Rubber 16 24 % 50 1 U S Radiator 67 15% $1.50 conv pref.20 U S Postal Meter. .1 U S Print & Litho— Common * 18% 3 1% 47% 23 __1 Preferred Per share Par 27% 8% Todd Towne U S Playing Card. 10 U S Plywood Corp Common Bid Stocks drift com.. 4** 53% 60 Preferred; 100 Preferred A Roll Bear.* Tim ken 2% 1 Common.. 18% 109J4 53% 2% 7% preferred.. 100 2% Ask Per share U S Lines pref. ... * U S Pipe & Fdy. .20 125 121 * com Timken-Det Axle .10 Coated com.lOc 5 Stand Commercial Tobacco com 1 Standard Dredging Standard Preferred 15 5 Thew Shovel Stocks Par Thompson (J R)..25 Thompson Prod... $5 conv prior pf_* Thompson-Starrett * $3 % preferred * Tide W Assn Oil.-10 2% 1% 14 Bid Per share Par Per share Btahl-Meyer com..* Preferred 100 Ask Bid 54% 54% 80 82 common 5 3 Radio * 20 Zonite Products 1 3% Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue The custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore, furnishing the prices bolow, it will be found that for the single maturity bond a bid and asked quotation is published-^—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1937 to 1951 and is quoted 0.50 to 3%—would indicate that the 1937 maturity yields 0.50% and the bond due in 1951 yields 3%. Therefore, in the following list, it must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and asked prices. u , Yield Basis or Bonds Bid UNITED STATES—See Ask Yield Basis To Net 2Ms Mar 15 1948-1951 M&S 105.20 105.24 2 Ms June 15 1951-1954 J&D 104.8 103.14 103.16 102.29 102.30 102.23 103 2s Dec 15 1947 J&D 3s Panama Canal 1961.-Q-M 3s Conversions 1946.. Q-J 3s Conversions 1947 Q-J U S Treasury Notes— 1M% 2M% 1M% 1H % 1M% 1M % 1M% 1M% 1H% 1M% Mar 15 1939 June 15 1939—..... Sept 15 1939 D& 151939 Mar 151940.r June 151940.. Dec 151940 Mar 15 1941 June 15 1941Dec 151941 1M% Mar 151942 : 109.9 106.12 105.7 102.24 102.25 102.7 106.19 105.14 102.26 102.27 102.13 120M 121M 109 111 109M 111M Federal Farm Mtge Corp— 3 M % int & prin guar '44-'64 3% int &prm guar 1944-'49. 3 % int & prin guar °1942-'47. 2 M % int & prin guar *42-'47 1M % int & prin guar 1939— Federal 107.8 106.27 106.2 105.5 100.29 Farm Loan Land Bank — 3s July 1 '55 opt '45...J&J 3s Jan 1 *56 opt '46—-J&J 3s M&N May 1'56 opt '46 3MsMay 1*55 opt *45—M&N 4s July 1 '46 opt *44 J& J i Birmingham— 3Ms impt ref 1939-50--J&J 3 Ms Imp ref 1942-1958 A&O 4s 1939-1961 —A&O 4Ms 1939-1960 -A&O 5s sewers Sept 20 1941 M&S Florence refunding 1% to 4%. Gadsden 6% impt long mat. . _ 6s schools 1939-1940.. A&O Hunstville 5s funding Mar 1'42 Pub Imp ref 5s 1939-1962.. Jefferson County— 4Ms Ct House 1939-43 M&N 4Mb Ref 1939-1961—A&O Mobile City— Refunding2-5s Jan. 1 1966. 105s 107.10 106.29 106.5 105.8 100.31 Bonds 105M 105 105 H 58 School May 1 funding 1939-1966.-J&J 2.90 0.50 0.75 0.50 2.10 0.50 4Mb Nov 15 '39-'56_M&N15 Pub Imp 4Ms 1953 .A&O 2.00 4 Ms Oct 1956 opt *46 A&O 114 4 Ms Nov 151939-58—M&N 6 0.25 Pub Imp 3.10s '39-'56 M&N 0.50 Imp 2 Ms 1939-57.J&J 1.70% refdg 1940-44.M&S 1.75% ■ efdg 1940-44.M&S Philip Isls 4Ms 1952 J&J 4MB 1950 4MB 1957 4Ms Oct 1959— 5s April 1955 5s Feb 1952 5 Ms Aug 1941 .M&N - 2.60 to 2.60 to 2.50 to 0.25 1.50 111 110M 112 114 b 2.50 112 b 3.45 111 b 3.15 6J). 75 b0SF0 2.15 ~ 3~20 113 2.90 to 2.25 to 2.50 ALABAMA 8 Ms renewal class C 1956.J&J b 3.10 4 Ms harbor impt June 1 '39-'73 b 1.00 4Mb highways 1952—...M&S b 2.95 4Ms 1956 and 1959 M&S b 2.95 4s renewal July 1,1956 b 3.10 4 Ms 1942, 1946, 1949...M&S b 2.70 4s pub highway 1949-51.M&S b 2.80 — * Tax-free in Connecticut. 99 97 102 99 3 .00 to 3 .20 2 .80 2 .80 3 .00 3.40 % 3.30 0.75 0.75 to 3.10 6 2.50 to 3.55 to 2.95 Colorado River Waterworks 3.60 3.50 F&A ref 4s 1946-1986 3.50 4 3 3.25 4.15 3.50 3.50 6 3.75 6 3.25 4.40 6 4.20 6 4.00 4.10 6 3.75 3.50 3.75 2.75 1948 to 2.40 to 3.25 to of Southern Oilifornia— J&J 6 4.00 J&J 6 3.00 Phoenix Un H S D 4 Ms Prescott 5s 1948 Tucson 5s Water 1950 to 2.50 Modesto Irrig Dist 6s Oakland 5Ms 1939-1943-F&A 3.75 % 3.75 0.40 0.40 4Mb Mun Imp '39-'43-F&A 4 Ms 1939-1965 F&A Oakland S D 4s 1939-44—J&J Orange Co 5s 1939-45—M&S Pasadena 4s 1939-42..—J&J Redlands 5s 1939-51 J&J15 Riverside 5s 1939-53 J&D Riverside Co 5s *39-*54— M&N Sacramento 4s Jan 1940-1945. 3s 1939-1968 -—--J&J Sacram'to Co 4Mb '39- 46 J&D San Diego 5s W W *43-'54A&0 5s Water 1939-63 J&J 5s School 1939-1960—F&A 4 Ms Wh & Har '39-'52.J&J 4Mb Water 1939-1964..... 3 Ms g July 1, 1939-44 - J&J San Francisco (City & County) 5s Water 1940-1969 J&J 4Ms Water *57 *58, '59-J&J 4Mb 1939-1951 J&J 4Mb Water 1939-1977—J&J 4s Wat Distrib 1939-53 J&D 4s W .t Distrib '39-'63 J&D 2s 1940-1949 ——J&J San Joaquin Co 5s '39 49-J&J Santa Barbara 5s '39-41-JanlO 4Ms gold Aug 1943—F&A Turlock Irrig Dist 6s West Side Irrig Dist 6s—— / „ 4Mb 1939-1956 J&J 4Ms Court Hse '39-48-J&D 6s Jan 1 1940... J&J 5s W W 1939-1950 J&J to 0.40 0.40 0.75 0.75 0.75 0.75 0.75 0.65 to 2.80 to 1.90 to 2.25 0.40 0.40 2.00 0.90 to 2.75 to 2.20 0.75 0.75 0.75 to 0.75 0.65 1..60 to 1.45 to 1.30 to 2.90 to 2.90 to 3.00 to i:85 to 2.90 to 3.10 to 3.25 3.15 to 3.15 to 2.15 to 3.05 2.75 to 2.80 0.40 to 0.40 0.60 to to to 0.60 0.60 0.40 to Par to to 2.50 3.05 2.60 2.85 2.1Q 2.35 1.00 70 1.60 3.75 40 ARKANSAS CANADA—See page 93. 98 94 95 94 93 M COLORADO 6 1.00 2 Ms State H'way *39-'54-J&D 6 1,00 3s warrants 1939-1951—-J&D 94 .. 93 89 93 M 90 88 .... 89 86 M 81 Jan. 88 3s Rose, Hemingway opt 1944 Hot Springs 4M8 '39-50.M&S 39 Little Rock— 4 Ms Fund 1941-1950.M&N 48 water Rev 1939-78.F&A Little Rock S D 4s *39-*55 M&S St Francis Levee Dist— 4s 1944 101 102 104 101M 6 3.10 3.00 % 103 105 6 4.30 112 bx 1.00 % .— CALIFORNIA 5 Ms Univ Bldg Jan5'40-65J&J Highway 1939-48-J&J30 1940-1947 F&A Olympiad 1939-71 -J&J2 4 Ms *1940-1952 F&A 4sHarb Imp 1985 opt *50-J&J - 5s Jan 2 1941-1943 4s Jan 2 1944-1948.3 Ms Jan 1 1940-1949 1.80 0.65 0.40 to 2.80 0.65 0.40 0.65 to 2.15 to 2.25 5s 2 Ms Feb 1 1940-1954-F&A Alameda 4s 1939 to 1941 -J&D 4 Ms Mun Imp 39-'48-A&0 Bakersfield 5s 1939-1952-A&O 0.50 0.75 1.10 0.65 to 2.75 - Imperial Irrigation District— Refunding 6s 1983 J&J Refunding 5s 1983 62 M 52 M to 1.90 1.90 2.35 2.25 2.30 1.90 to 2.20 tll6 J&J J&J 1117 J&J U25 J&J U24 to 131 to 128 129 128 to to to 1.00 v to 2.25 2.60 to 3.00 to 3.20 , _ to 2.40 to . % Greenwich— 3s 1939-1944 • , F&A 6 0.35 Hartford—— 1 Ms 1939-1953 to 1.45 F&A 6 0.35 lMs 1939-1947 to 1.50 i M&N 6 0.25 3Ms Bridge 1954-55—J&D|6 1.75 — 2 .65 6 Basis, to 2.25 to 2.25 6 2.40 _ to 2.35 to 2.30 2 .40 J Bid price for lowest and highest maturities. to 2.00 1.40 2.20 Funding and building bonds-to 0.85 1Mb 1939-1943 J&D b 0.15 to 1.70 1Mb 1944-1958 —J&D 6 1.00 Branford (T) 2s 1§40-57_J&D b 0.50 to 2.10 Bridgeport— 0.50 to 2.00 5s Refunding 1939-48--J&J £ 2 Ms Refunding 1939-47 J&J £ 0.35 to 1.70 to 1.70 X /OO I.I7T.U A J u lMs 1940-1:48._. - J 15&D15 & 0.40 to 2.15 Bristol 5 Ms 1939-1957—J&D 6 Danbury— 1.10 3 Ms Fund 1941 tax'le. A&O 6 1.20 East Hartford (Town)— 4 Ms School 1939-59—M&N 6 0.35 to 2.25 1 Ms 1939-1945 F&A 6 0.25 to 1.50 Fairfield (County)— 1 Ms 1939 to 1950 J&D 6 0.25 to 1.60 to 2.30 East Contra Oosta IrrigDist6s 98 Golden Gate Bridge & H'way3 Ms series O 1942-1971 J&J 6 1.40 to 2.25 0.50 CONNECTICUT to 2.50 0.65 0.65 0.65 0.60 0.25 Berkeley 5s 1942-1951 —-J&J 5s School 1939-1955 J&J East Bay Mun Util Dist— 5s 1940-1974 —J&J 6 0.65 1974-1983— 2.40 to 2.95 J&J2 6 0.90 to 1.40 J&J2 6 1.70 to 2.20 J&J 6 0.65itio 2.25 Veterans Welfare— 3s Feb 1940-1952. ——F&A 2 Ms Feb 1 1940-1954.F&A 1944-1963 5 Ms 1947-1956 5 Ms 1964-1973 1.60 to 2.40 2.50 1963-1972 opt ,1955-A&O 2 Ms Sewer Disp'47-'50A&O Moffat Tun Imp D— 4Mb 4Ms 4Ms 4Mb 2.70 100 M 0.50 3.65% March 1. 1950-54— 2Mb Sew dist 1947-56-A&O 3s 1963-1972 opt 1955-A&0 3 Ms Mun Water Retire . - to 2.70 to 99 M 2Mb warrants 1952-'54—J&D 2s Highway ref, 1939-47. J&D Colorado Springs— Ref 1Mb 1939-1943—M&S Water ext 2s 1955——J&J Denver (City and County)-— 4Ms Water 1944 -J&J 4Ms Ref Wat 1939-67-J&D 4Mb Water 1962-1965-J&D S D No 1 4Mb 1939-53.J&J S D No 1 4Mb 1939-47. J&D 4s July 1941-1945 J&J 79 89 88 1 Attorney Gen opt 1944 5Ms 1955-1965. 5s 1959 opt 1939 109 M 1.00 1.00 '39-'49—F&A Metropolitan Water District 99 School No. 1 5s 1945—J&J 6 3.50 Highway 6s Jan 15 serially. 6 4.25 Phoenix 4Mb '50 opt '30-J&J 6 3.75 1.50 117 to 2.60 to 2.60 to 2.60 to 1.50 to 1.35 0.50 1.00 0.75 0.75 to 1.35 108 109 107 M 108 M 108 M 109M 108 M 109 M 101 102 1939-1945 4s 1946-1961 3 Ms Jan 1 1939-1960 ARIZONA 4s 1958-1960... 109M J&J 5s 1948 opt 1943 J&J 4 Ms funding 1963——J&J 4 Ms July 1952 J&J 4s gold 1953 J&J 2Ms 1939-1946 J&J 2 Ms refunding 1940-49.J&J 97 to 3.60 0.75 F&A J&D J&D 1939-1964 Los Ang Co 4 Ms 111 Maricopa County— to 2.40 Puerto Rico— 5s July 1954 opt 1943 5s 1950 opt 1944— 105 101 t o 105% PO SESS1 ONS 2.10s July 20 1941-1945 105 - 3s 1949 3s Pub 5u 104 106 6s ref pub Impt '39-*53 M&N t 1011 o 110 Tuscaloosa Co 6s Bridge 1941 6 3.20 to 3.00 % 5s Road 1957— M&S 6 4.00 3.60 % Tuscaloosa (City)— 103 106 5Ms serial ...... 100 102 4Ms 101 103 4Mb 99 100 4s 27 28 Tuscumbia refunding 1 %to4 % 4M-4s.. 4M-4s 4 M"4s 3Ms Sept 15 1940-53.M&S Los Angeles City High Sch Dis 5 Ms Nov 1939-1960--M&N 76 Tuscaloosa— 5s W W 1939-1957 —.J&J 100.20 100.22 100.20 100.22 Hawaii Terr 4 Ms '49.M&S 15 4Mb Jan 1945............ to 3.60 74 to 3.50 5-4s 1954-1960. 5-4s 1961-1967. 54s 1968-1977 Honolulu (City & County)— 5s Pub impt 1956—J&D 15 5s Jan 15 1939-'56—J&J 15 to 330 Morgan Co 5s road 1952.F&A 6 3.90 Selma (City) 5s-6s 1939-1955- 6 3.80 2 Ms 1939-1952 J&J 6 2.00 101.21 101.23 100.10 100,12 S to 2.80 to 3.15 101 6 2.00 to 3.40 to 3.35 1.00 102 6 2.25 1939-61--F&A to 3.55 3 Ms ser A 1939-1977-J&J 61.00% to99M 3 Ms ser B Jan 15 '77 J&J 100 9SM 3 Ms 1948-1958 J&D 6 2.80 to 3.25 2s 1939-1942 -A&O 6 1.00 to 2.00 3s 1943-1949--A&O 6 2.25 to 3.00 to 3.90 — . 5-4s 1943-1948 5-4s 1949-1953 U .99 100 —J&J M&S to 1.25 0.75 Electric Plant Revenue— Ref 4s 1939 to 1975-J&D b 1.00 3 Ms 1939-1977 J&D b 1.00 111% _ to 3.45 102 6 3.60 6 4.00 Montgomery Co 4 Ms 1957-59 6s Road 1951 J&J 100.17 100.19 & 2.90 38 106 100 0.90 5s Municipal to 3.50 99 1945 1939-1958 ^J&D Gen fund 4Mb 1941-66 J&D Montgomery— Federal Natl Mtge Assn— 2% notes May 16 '43 opt '39 1 % % Jan 3 1944 opt 40 TERRITORIES 36 104 to 2.30 to 3.35 5 Ms Harb Imp '39-'61 M&N 3 Ms Wat Rev '39-'48—J&J 3 Ms Sch Dist 1939-61--J&J to 3.40 6 3.10 103 4Ms Commodity Credit Corp— M % notes Nov 2 1939 Reconstruction Finance Oorp H% notes July 20 1941 M% Nov 1 1941 to 3.30 to 3 .30 6 2.00 6 2.00 to 3.35 0.75 0.75 0.75 0.75 4s 4Ms June 1 1939-1948— 106M 111M 6 2.25 6 2.50 to 3.30 0.75 Net to 3.15 to 3.25 4Ms 1939-1968 4 Ms 1939-1969 105% 106% 95 1.25 2.90 3.00 0.25 4 Ms Water 1939-1970-A&O 4 Ms Sch 1939 -1944—J&D % Mobile Co— 4Ms Sanitary Sewer Jan 1*44 102 102 102.3 102.12 102.12 102.28 102.30 102.29 102.31 102.27 102.29 102.24 102.26 104.4 104.6 105.8 105.10 104.8 104.10 101.15 101.17 101.14 101.16 102.22 102.25 102 102.3 2s Apr 1 1943 90 Ask 2 Ms WatWks 1956-76 M&N 3 Ms Water wks 1952-75— 3 Ms Water 1939-41--A&O 102 101 r New ref various coupons 5s 100.7 101.30 101.30 102.1 102.10 102.10 2% Sept 15 1942 1M% Dec 15 1942. 1M% June 151943. 1M% Dec 15 1943 Home Owners' Loan Corp— 3% prin & int guar '44-'52 106.26 106.28 2 M % prin & int guar *39-*49 102.11 102.12 2 M % prin & int guar *42-'44 104.12 104.13 1M % prin & int guar 1939.. 100.21 100.23 Federal Home Loan Banks— 1 % series E July 11939. 100.11 100.13 2s Dec 1940 to 4.00 Bessemer— Los Angeles (City)— 4s 1940-1962 to 2.90 State Bridge Corp 4s 1939-1951 To or Bid Bonds Net to 2.90 5s schools 1939-1947—J&J 6 2.00 4 Ms Oct 15 1947-1952.A&O 2MsSeptl5 1956-1959 M&S 2 Ms June 151958-1963 J&D 2Ms Dec 15 1960-1965 J&D J&D 2Ms Dec 15 1945 2Ms Sept 15 1948 M&S 2Ms Dec 15 1949-1953 J&D 2Mb Sept. 15 1950-52.M&S Ask Is refunding 1941-54 J&J b 2.25 3 Ms refunding 1955-06—J&J b 2.80 101 100 Bridge Auth. 4s July 1 1957— Annistonrefg 5 Ms Dec 1 1939 102 also pa ge 19. Treasury Bonds— 119.2 119.4 4s JDec 15 1944-1954—J&D 114.16 114.19 3 Ms Mar 15 1946-1956 M&S 113.16 113.24 3 Ha June 15 1940-1943 J&D 105 105.8 3 Ms Mar 15 1941-1943 M&S 106.23 107.4 3 Ha June 151943-1947 J&D 109.30 110.5 3 Ms Aug 11941 F&A1 107.10 107.20 3Ms Oct 15 1943-1945.A&O 109.27 110.1 3 Ms Apr 15 1944-1946-A&O 109.27 110.1 3 Ms June 15 1946-1949 J&D 109.12 109 20 3 Ms Dec 15 1949-1952 J&D 109.5 109.11 3s June 15 1946-1948..J&D 108.24 108.30 3s Sept 15 1951-1955.-M&S 107.8 107.14 2 Ms Mar 15 1955-1960 M&S 104.20 104.21 2 Ms Sept 15 1945-1947 M&S 107.3 107.12 Bid Yield Basis To or Bonds f Flat price, n Nominal, x to 1.70l vc to 1.80 to 1.55 Called July 1, 1939. % % STATE i)2 day of the month preceding the date of issue Yield Basis Yield Basis Bonds Ask Antioquia Col (Dept of)— to 2.25 to 2.25 1 2.60 % 2.55 % Certificates of deposits Extl s f 7s 1957 3d ser.A&O Certificates of deposit--. 7 15 8% 10M 7 15 ~1.80 % b~0.25 to b 0.50 b 0.25 to 2.00 to 1.80 1 5 f extl loan 4s Feb '72. F&A .78 3.15 S f extl loan 4s Apr 78 0.35 to 3.20 0.35 to 2.00 to 2.25 6 0.25 to 2.60 ?!00 % 0.35 to 3.00 0.25 to 2.50 0.50 0.60 0.60 0.25 0.90 to 3.15 to 2.00 to 2.40 to 2.40 % % 1 I ♦4Ms 1939-1956 M&N Windham (Township)— 4s 1940-1952 J&J % 0.50 to 2.00 % 6 0.25 to 1.60 6 1.65 6 {.85 to 2.00 6 1.80 to 2.10 J&D / 18 M 14 M 11M 14 M 24 M / 6Ms 1947-- —-A&O / Bogota (Mtge Bk) 7s May '47 / 25M Certificates of deposit... 7s Oct 1947. A&O / 24 M Extls f / 25 M 11 % 9M 10 7 4 4s of 1889 4 14 Funding 5s 1931-1951 / 33 Funding scrip Bremen (State) 7s 1935.-M&S 20 20-year s M&S 96 .F&A 97 98 M 99M J&D 5Ms July 1941-1975. Hillsborough Co 5s Oct 1 1943 Hillsborough Sch Dist No 4— Jacksonville— 5s Jan 15 1939-45—J&J 15 5Ms Jan 15 1940-45. J&J 15 Refunding 2.60s Jan 1 1957 Lakeland new refunding Water & Light 5Ms 1940-50 Leon County 5s July 11939-40 5s July 1 1941-55. 6 3.25 Marion Co Road 6s Feb 1 *52. Road bonds 5s July 11952— Miami— 105 102 Refunding 5s Jan 1 1964—- to 3.90 112 to 2.75 96 102 M 103 M b 1.75 b 2.00 b 2.85 64 103 6 2.25 6 3.00 Brit Hungarian Bk 7 Ms 1962. Bud' pest (City) 6sJ'n'35coup'62 118 to 4.25 104 106M to 2.70 to 3.00 2 65 66 107 to 3.00 to 3.85 109 104 98 Miami Beach— M&N 6 2.50 M&N 6 2.50 to 1.75 Ref 4Ms non-opt 1947-56— 6 3.35 New Smyrna— Ref 3-4M-6s Jan 1 1964 84 to 3.85 to 3.75 86 Orlando— Refunding 4s 1939-62.F&A 101 Orange County 5s 1944--J&J 6 3.75 J&J 6 4.15 M&S 6 4.00 6 3.75 101 4s 1961. Palm Beach (City of) 5s——- 6 3.75 Pensacola 4Ms ref 1941.. &J 102 5s 1958. 109 J&J . Pinellas Co ref highway 95 Polk County 5s July 1 193940 6 2.75 St Augustine 5-4s stam'd 1955 65 ► 5Ms & 6s imp 1937 55 F&A St Johns Co Road 5s 1946 104 104 M&S Petersburg— 66 Refunding 3-5s Oct 11972 6 4.25 Suwanee Co Road 5Ms 1946Tampa— 6s June 1955 opt *25—-J&J 98 5s W W Purch '39-72.F&A 6 2.75 4Ms Impt 1937 ......J&J 98 Ref 4s 1943-1965 97 M&S West Palm Beach— 47 Refunding 2-5s 103 % 7 Buenos Aires (Prov)6s'61 6s stamped 1961 7s stamped 1952— f 97 % 97 M 101 Dec 31 62 80 70 55 M 6Ms stamped 1961 Scrip / 46 49 50 M Readjust 4M-4Ms '77.M&S Ref s f 4M-4Ms '76-—F&A 50 52 % Extl re-adj4M-4Ms '76A&O 50 55 Ext re-adi 4M-4Ms'75M&N 51 55 Extl s f 4s $ bonds 1984-J&J 38M 40 M Bulgaria (Kingdom)— Sec s f 7s 1967 35 J&J / 30 M Stabil loan 7 Ms 1968.M&N fk 33 H Dec 21 Caldas Exts f 7Ms 1946—J&J f 14 14 % Certificates of deposit 20 f 11M Cali(Colombia)s f 7s '47-M&N / 20 Callao (Peru) 7 Ms 1944--J&J /. 6M "~8 Carlsbad (City) s f 8s *54-J&J 18 Vs 21% Oauca Val (Dept of) Colombia 7 Ms 1946 14 14 % A&O 11 Certificates of deposit 12 Extl sec 7s 1948 12 J&D 13 % 11 Certificates of deposit... 20 Ceara (Brazil) 8s 1947 3M J&D 1M Cent Agricul Bank (Germany) Farm loan 7s 1950—M&S15 / 31% 34 Vs _ Farm loan 6s I960—-J&J15 f 26 M 30 3.90 6s July coupon on I960/ 22 M Farm loan 6s I960—A&015 / 26 M 6s Oct coupon on I960.— / 22 M 6s A int ctfs 1938..A&015 / 27 30 to 4.40 103 M 3.00 105 112 98 to 3.50 69 58 Central Bank of Germany— 6s A 1952 F&A / 24 6s series B 1951 A&O / 24 Chilean Cons Municipal LoanExtl s f 7s 1960 ser A. _M&S Chili (Rep) ext 7s 1942.M&N 106 Extl 106 68 4.00 100 to 4.25 101 FOREIGN GOVERNMENTS AND CITIES Agricul Mtge Bk (Colombia) 6s 1947 F&A / Certificates of deposit. / 6s 1948. A&O / Certificates of deposit / 7s 1946-.-A&O / 25 M 24 M 25 M 24 M 25 M Certificates of deposit... / 24 7s 1947 —J&J / 26 Certificates of deposit / 24 Akershus (Dept of) 4s '68 M&S — - _ t To be paid off Jan. 1, 1939 at 100. 99 49 f 6s A&O 1960 6s assented Feb 1961 Extl s f 6s Sept. 1961 -M&S 6s assented Sept. 1961 / Extl Ryref 6s Jan 1961-J&J / 6s assented Jan 1961 Extl sf 6s 1962 M&S - . — 6s assented 1962__ Extl s f 6s 1963..—.M&N 6% assented 1963 Chili Mtge Bk 6 Ms '57 J&D31 6 M s assented 1957 - 26 30 26 30 26 30 30 28 96 2$ 40 40 15 17 % ilM 17 M 15 M 17 M 15 M 17 M 15 M 17 M 15 M 17M 15 M 17M 15 M 15 M "17% '"l7% "17 % "l7% "mi "ll% 12 % "15 % "16 M&N 15 M 12 M 15 % —J&D 6s assented 6s 1962 12 M 14 % 16 12M 14 1961 6s assented 1962 6% notes 1931 6s stamped 1931 Chinese Government— Hukuang Rys5s£—J&D 15/ 21 2M-5s 1954. f 30 .__ * Tax free in Connecticut, b Basis# 12 M 20 70 f 8s 1952 ser B—A&O Cons Municipal Loan 19551953 74 99 X M&N F&A 100 97 M 99 M 40 M 103 M 104 M 100 100 H 97 H Bank 97% of 57 2nd 66 57 66 64 M 62 70 67 60 66 60 66 ext 1st ser 1969 65 M OOX 5 Ms of '26 ext 2d ser 1969 60 Dresden (Ger) ext 7s *45 M&N Duesseldorf 7s to 1945—— Duisburg 7s to 1945 El Salvador (Rep)—8sA'48 J& Certificates pf deposit Estonia (Rep1 of) 7s, 1967 J&J Finland (Repub) 6s '45-M&S 1939--. Dec 27 fk 19 f 18 M / 18 M 13 H / 97 15 M 100 105 H 7s 1938 7s 1940 tioo —A&O / A&O / 24 20 7s 1941-1945 —A&O Extl s f 6Ms 1953 M&N French Government— 18 7s ext of 1949 stamped-J&D 7s plain 1949 ext 1941 stamped 112 % 103 Vs 20 118M 107% J&D 7 Ms plain 1941 ^ M 18 M 103 German Conversion Offer— Funding 3s 1946. German Cons Munic 7s'47 F&A Cons munic 6s 1947--J&D German Govt Internat— 5Ms loan of 1965 J&D 5Ms unstamped 1965 / 33 / 18 / 18 * ... / 20% / Stpd(Canadian holder)'65 / German Extl 7s '49stampA&Oj/ 26% ---- ---- 7s unstamped 1949 _'/ -- Default coups July-Dec*33. / 56 Jan to June 1934. / 36 July 1934 to Dec 1936— / 25 Jan to Dec. 1937 / 25 Jan.-Oct. 1938— / 24 Scrip * ~ 5M Dawes coups Dec "1934"stpd 6 % Apr. 15'35 to Apr. 15*38-. 12 M — — - — 33% 21 20 21 20% 20 27 .24 % . 6% Young coupons Dec 1*35 stp June 1 '35 to June 1 '38/ 9% Prov & Comm Bks (Con Agr Ix>an)6Ms'58 J&D Graz(Mun)Austria 8s'54M&N f 2~0" Gt Brit & Ireland—See British Greek Govt s f 7s 1964—M&N 25 Vs 7s part paid 1964 M&N f 21 Smk fund 6s 1968 F&A / 21 6s part paid 1968-..F&A / 19 % Guatemala 8s 1948 M&N f 28 Haiti (Rep) 6s extl 1952-A&0 75 6s 1953. 65 A&O Hamburg (State of) Germany _ German 26 M 23 33 •23 Vs 27 Vs 21 "78 Gold 6s 1946 A&O / Hanover (City) Germany 7s'39 f Hanover (Prov) Germany— 6s 1st series 1957 F&A / 6 Ms 2nd series 1949.. .F&A Havana—1st 6s 1939-Q-J — 2d 6s q-j Heidelberg (Germ) 7Ms'50J&J / ..... 19 20 22 18% 18 26 92 96 92 .... Hellenic Republic (Greek) Sec Wat Wks ext 8s 1952—- / 53 Helsingfors (City) Finland— Extl s f 6Ms 1960—-A&O 103 Vs 96 20 105 Hessen.^ "17 % 15 M 12 M Sfgu6Ms Jne 30'61 .J&D31 6%s assented 1961— S f gu 6s 1961... A&O 74 12 io x _ 30 17 M 6s assented I960. Extls f 6s Feb 1961 —-F&A s 2S 13 % 7% assented 1942 s 7Ms 13 M 63 / 62 - "103' 5Ms of '26 101 3.50 to 4.25 60 104 F&A 5 Ms of '22 ext 1961 2d series 1961 7M 10 % fk 62 — 81 21M 19% 19% 19% / 72 M Internal 4s 100 % 92 M&S / 55 7 Ms stamped 1947 76 M sf 7s 1951 Frankfurt-on-Main (Germ)— 99 Victory 4s due 1975 100 7 14M 90 _ (School No. 2)— 75 ser 5Ms 1940-—A&O Customs Administrations— Australia— British 4s 1990 opt '60. .M&N War Loan 3 Ms of 1932 102 M 57 1 5MsPubWksJune30'45J&D ^ ^ 17 f 6s 1950 55" Dominican Rep 5 Ms '42-M&S 2d Series 1942 5Ms Cust Adm 1940—A&O 10 % 10 % 7 4 to 1.65 61 i 12 M 10 % 4 4s of 1910 111 51M / * / Deutsche Bank (see Ind Bds) 7 7 to 1.10 98 Refunding 4s 1939-67.M&S Duval Co Road 5s 1955.-A&O 115 Duval Co School District No. 1 5s 1939-1955—- A&O 6 2.00 Escambia Co 6s Aug 15 1951. 101 Gainesville 5Ms July 1939-40- 6 2.00 26 % 4 1.10 _ 30 30 7 to 59 95% 102 M 5s 15 M 30 5 Sf 5s 1958 95 30 93 Danzig Port & Wat Ways Bd Extl s f 6Ms 1952 J&J Denmark ext 6s 1942 J&J Ext'l 5Ms 1955 F&A Trust rets 4 Ms 1962 A&O 15 Denmark Mtge Bk—See Mtge 20 8 10 * 30-yr sf 5s of 1957 30 F&A / 5Ms 19M 15M 6M 1.60 119 27 20 M . 30 25 M 20 M 5Ms '53—J&J 15 Ext 3 3 .J&J f s Danish 3% 3 % 3)4 5 6s 1940--... Brisbane (City) 9 —' 20 M Cundinamarca Dep (Colombia) Extl s f 6Ms 1959—M&N / Certificates of deposit / Czechoslovak Republic— Ext s f 8s 1951 ser A..A&O 21 0.25 106 99 M ^ 4Ms of 1883 4 Ms of 1888 4s of 1900 1.70 25A 25M M&N Extl g 5s 1949 115 A&O 5s of 1895.. 5s of 1913 to 2.00 sec Extl 106 M 105 Extlsf6Ms (1927) '57.A&0 Dade Co 5s Oct 1947-54.A&0 Ref 3 Ms 1940-1947_ .M&S 17 M 30 114 J&J J&D f 6s 1955 to 2.35 A&O .A&O —A&O 101M 101M 104 M Belg Govt extl 6 Ms 1949 M&S s 21 19 M 6 / 20 M Funding 5s 1951 M&N / 18M Costa Rica Pac Ry 7Ms 1949 18 % 5s1949 18% Cuba (Rep)" 5s "1944——M&S 104 Extl g 4Ms '49 opt 102 F&A Extl 4 Ms 1977 59 M J&D 17 106 % to 2.25 114 18 Bavarian Palatinate 7s 1945.. 0.30 to 2.25 Ext ' to 1.75 1.90 0.25 88 — External 19M Cordoba (Prov) Argentina— Extl s f 7s 1942 J&J Costa Rica (Republic)"— 25 M 7s 1948 A&O / 25 M Barrauqpilla 8s 1935-40-46-48 / 22 18M Bavaria (Ger'yl^Ms '45-F&A —— 55 St J&J 6 0.25 6 0.30 50 Road 5Ms 1944 M&N Baden extl s f 7s 1951 J&J Bank of Colombia 7s *47-A&O / Extl s f 7s 1969——M&S/ 6s 1940 A&O Brazil 8% ex 1941 —J&D 7s Cent Ry elec 1952--J&D Extls f 6Ms (1926) '57-A&0 Brevard County School Tax Districts No. 4 6s 1939-55— Columbia Co Road 6s 1955— Coral Gables— New refunding 2 M-5s 1977- „ Extl 4 Ms 1956 Austrian Govt 7s 1957 95 M 20M 21 ' 100 H 98 M 16 M -M&S Extl 7s 1958. tol.80 FLORIDA — — Certificates of deposit Bolivia (Rep) Ext 8s *47 M&N Wilmington— 4 MsBldg—Con'53-'62 M&S 4Ms 1939-1958 (s-a).-A&0 6s 1940-1950 1957 Certificates of deposit.. DELAWARE Extl g 4 Ms 1953 Cordoba (City)— Extl s f 7s 1957. 7s stamped 1957— 83 101 Bogota (City) extl 8s *45 _A&0 / to 1.80 to 2.25 „ 5s _ % 0.25 0.25 5 Ms 1945 1950 *72 A&O 2% Treasury notes 1948— Australia (Commonwealth)— Extl 5s July 15 1955-J&J15 Extl sf 7s 1955 Berlin 6Ms 1950 6s June 15 1958 4 Ms Mar 15 1939-49—M&S West Haven (School Dist)— _ 7s stamped 1937 L50 to 2.00 9% 78% 78 M 3.15 to 5 0.50 15 89 M to Extl 10 88 M 86 to 3.00 % 15 95 1.80 ho 10M jf 32 8s1946 0.50 0.35 1.80 3s Street 1939-1955 F&A 2s Relief 1940-1944—M&N West Hartford 4 Ms 1943 J&D 2Ms April 1 1939-1947 2Ms April 1 1948-19572Mb April 1 1958-1966 Kent Co 4Mb 1945-1950-M&S New Castle Co— 5 Ms 1939-1944 J&J Sussex Co 5s 1939-1970—J&J 4Ms 1939-1953-— A&O 8% Antwerp (City) extl 5s '58 J&D Argentine Repub— 4 Ms s f extl loan 1948.M&N Extl s f conv 4 Ms '71-M&N . (Town)— *4 Ms Sch 1939-1965 M&N Torrington 2 Ms 1939-'57 A&O Waterbury— 5s Water 1939-1971-—M&N 5s Funding. 1939-1943.M&N 4 Ms Sewer 1940-1955—J&J 1952-1953 15 1.75 Stamford 5s 11% 7 2MB 1940-1959 J2&J2 Ridgefield (High School)— IMS 1940-1963 J15&J Stamford (C) 4s 1942—M&N 2 Ms 1939-1961 M&N ■ 15 Ask 6Ms'50-M&S / 19 - 11% Certificates of deposit Extl s f 7s 1957 2d ser.A&O - Bid Rep 6s 1961—J&J / Certificates of deposit—. / 6s Oct 1961 A&O / Certificates of deposit—- / Funding 4s Jan 1 1946 / Colombia Mtge Bk— 20-yr s f 6 Ms 1947 A&O / Cer ' " * ■ " jertiflcates of deposit.-_ / Sink fd 7s(of 1926) '46 M&N / Certificates of deposit / Sinkfd 7s (of 1927) '47 F&A / Certificates of deposit. / Copenhagen 5s June 1 '52 J&D \v* % Norwalk (T) 4Ms 1942-J&D Norwich 4Mb 1939-1965-M&S 5 Ms Certificates of deposit— Extls f 7s ser O 1945-—J&J % 4Ms Water ref 1950—F&A (City)— 4 Ms Sewer 1940-1968-M&S 3 Ms 1939-1971 A&O 3 Ms Sewer 1947-70-J&D15 1939 1940-1950 Certificates of deposit. — Extl s f 7s ser B 1945--J&J Colombia to 1.70 Nor walk 5 Ms 10M 8M 10M 8M 10 M 8M 10 M 8M 8% J&J A 1945 to 1.50 4Ms Imp 1939-1952._M&N 4Ms Funding 1939-'48-J&D Dade County ser b 0.25 New Haven— 4s 1942-1948 f 7s Co ogne Germ'y b 0.50 New Britain (Co)— 4s Munic Bldg 1948—J&J *4 Ms School 1939-52-F&A New London— s Bonds Certificates of deposit. Extl s f 7s ser D 1945. J&J Certificates of deposit.__ Extl s f 7s 1957 1st ser.A&O Manchester— *4%s 1939-1944 M&N Middlesex County--1 Ms Bdge 1939-1955-M&N Extl or Ask M&Sf/ 18M Anhalt7sto 1946 Metropolitan District 2 Ms Wat Sup '3977M&N b 0.25 2 Ms 1940-1978 —J&J b 0.25 Hartford (School District) *4Ms Northeast 1959.J&D b 2.75 *3 Ms South Sept 1955-M&S b 2.70 5s 1947-19494s 1939-1941 Bid Bonds Net Hartford County— Yield Basis or To or Bid BONDS MUNICIPAL AND Quotations for all securities are as near as possible for the closing See Munich Bank Hungarian Cons Munic Loan s f g 7 Ms 1945 J&J f Extl s f 7s Sept 1946—J&J f Hungarian Land Mtg Instit'n Mtg 7Ms 1961 ser A..M&N S f 7Ms'61 ser B($bds)M&N Hungary (King) 7Ms '44.F&A / Ext at 4M% to 1979..F&A Irish Free State 5s 1960-M&N Italy (Kingd) extl 7s *51.J&D Prestito Redimibile 3 Ms 12M 9Vs 11% 13 Vs 11 32 29 M "75M 37 % 108M 77 Specified 28 30 unspecified "15M 24 26 73 79 55 Ital Cred Consortium for Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s'52J&J 35 .35 / Flat price# 10% 10 M k Last sale, n Nominal. 54 M Quotations for all securities are as near as possible for the closing day of the month preceding the date Foreign Govts, and Cities (ConcM Japanese Government— Sf 6%s 1954 >F&A Extl s f 5%s 1965 M&N Oriental Dev Co 6s'53_M&S Orient Dev Co 5%s'58M&N Jugoslavia—See Mtge Bank of Leipzig (City of) 7s 1947F&A Lima (City) Peru— Extl s f 6%s 1958—M&S Lower Aust (Prov)7%s'50J&D Luneberg (City) 7s 1948.M&N Maranhao (State) Brazil— Ext s f 7s 1958 M&N Medellin (Munic) (Colombia) 78 extl Dec 1 1951 Certificates of deposit 6 Ms 1954 Certificates of deposit Ask 4s 79 81% 64 66 53% 50% 55% 52% / — 23 6% / 10% / 8 / 9% / 7% 10 11% s 10% 20 ff.... f 23 1 2M s 7% IX 97 40 4-4%-4%% extl readj bonds of 1937-78 58 . / 31% 5s 194li::::::::::::::::: / 17 M&N 101% 100 60 55% / 48 / 31 52 35 8% ' 11 10M 10% 38 M 37 M Poland (Rep of) 6s 1940. A&O Stab'n 1 s f 7s 1947-A&O 15 / 51M 47 % J&J / 31 1956. A&O / 25 Coupons 1936-1937 / 35 Porto Alegre (City) Brazil— Sinking fund 8s 1961—J&D/ 9M S f 40-yr 7Ms 1966 J&J / 9M 7s 1968 F&A / 6% Prague (Greater) City— 7 Ms loan of 1932-52.-M&N 55 f 8s 1950 Dollar funding 3s 1951—M&S 15/ 18M A&O / 18M 103 106 1946—A&O / Extl s f 6 Ms 1953 F&A / CMa 1959 / Rio de Janeiro 8s 6s 1933 Rio Grande / — Do Sul (State) 1946—A&O / f 1966 M&N / ^Extl s f 7s 1967 J&D / Extl s f 6s 1968 J&D / Rome extls f 6Ms 1952..A&O Brazil ext s f 8s s (Monopolies) 21 23 104 106% 6% 6% 6% 5% 6% 6% 5% 5% 8 7% 7 6% 6% 67% • 7% 7% 9 68% ___ F&A / 15 paid— / 171919— / ► 5 M % ext loan Dec 1921 — / Saarbrucken (City) Germany Extl s f 6s 1953 -J&J / ft (Mtge Bk) 6s ser A '47 M&S / 20 M r 6s series B 1947 A&O / 20 M 9 Salvador 7s 1957..J&J / 1959 , 18 24% / scrip 8s ctfs of deposit 1948 1936.J&J/ J&4 / M&S / Extl s f 6s of 1928,1968 J&J / Sec s f 7s 1940 A&O J&D 99 J&D M&S 97% 91% 3s Jan 15 1967 J&J 97% 3s Nov 15 1968.M&N 3%s 1951 M&N 101% 103% 3 Ms 1961 opt '56 J&J 103% 3 Ms, 1949 A&O 107 M 20 yr 4s 1952 A&O 110% 30-yr 4* I960A&O 15-vr 4Ms 1940 M&S 104% Refunding 4 Ms 1944.A&0 111 108% 5s Nov 15 1941. M&N 112 Refunding 5s 1943 A&O 5s May 1952 M&N 110% Alberta (Prov of)— Gold 5 Ms 1947 J&J / 62 Gold 5Ms 1952... A&O / 62 Gold 5s 1948 J&J / 57 5s 1950. A&O 15 / 57 Gold 5s 1959 A&O / 57 30-yr 14-yr 25-yr 15-yr — . " 7% 0% 18% 110 99 97% 96 97% 100 98% 99 97% 111 111 112 105 106% 112% 78 81 70 72 73 76 66 63 66 60 63 102 100% 105 107 109 108 105 99 "99"" 96% 90 93 98 95 97 95 92 89 85 92 103 106 97% 99% 95 97 94 96 90 93 89 92 b 3.50 to 4.00 Athens—4%sJune 30 1943— Atlanta—4%s Jan 1 1940. J&J Road 5s 1949-1953 102% 104% 99% 99% 92% 98% 98% 102% 104 104% 108% 111% 5s Water 1939-1951 % to 2.00 103"" ret 1939-1945 Albany—5s 1945 Appling County— 4 Ms 1939-1956 Augusta—4 Ms Flood'42 M&N Bibb Co 4 %s 1948-49—M&N Clarke Co 5s 1939-1944—.J&J Columbus—5s 1939-1944.J&J Crisp Co— Hydro-elec 5s '39-'57.F&A Dougherty Co 5s *39-'48 M&S 2.10 %- to 2.50 J°25 1 to 2.50 % T.50 &~2.oo" J&J b 1.25 J&J b 1.25 1.90 % 2.40 % 6 2.00 6 2.50 6 1.25 1.25 to 2.20 6 3.00 to 3.50 6 % % to 2.25 6 to 2.75 1.25 % % Macon— 111% 4s Pav & Sew 1939 J&J Marietta 5s W W 1939 F&A Pulaski Co 5s 1939-1948..J&J 6 2.25 109 112% 111% Savannah—4Ms ref 1943.J&J 4Ms Drainage 1944...F&A 4Ms Refunding 1959.-F&A 6 2.60 2 %s. 1943-1967—...J&D15 6 1.25 Spalding Co—5s '39-'49_-J&J 6 1.25 Swainsboro 6s 1939-50—A&O 6 2.75 1.25 Rome 4s Mun bldg 1939. A&O 105 65 65 59 59 59 57 Valdosta 5s 1939-1942 Jan 6 1.25 Ware Co 5s Road 1939-49 J&J 6 1.25 100 Watkins S D 6s 1939-50.M&N Woodbury 6s 1939-1949.J&D 100 1.25 3.00 to f?25 1.75 ,2.00 2.50 % 2.35 % % to to 2.75 to 4.00 % to 2.25 % to 2.75 % 105 105 57 57 57 57 56 IDAHO Cap Bldg 1939 J&J Impt 1939-47 opt '30— Ref 1939 A&O ref 1940-1945 A&O Road 1939 opt 1927.J&J Boise City 4%s 1951 J&J .. 0.75 % less 4%s 4 Ms 4%s 4 Ms 4 %s 96 98 81 Halifax N S 4s July. 1945 5s Jan, 1951 J&J Hamilton— 102 104 110M 112 0.75 % less M 0.75 % less 1.00 to 1.50 % ILLINOIS 78 78 78 4Ms Serv Comp *39-'43.Aug 1 4%s Serv Comp '39-'43.Aug 1 4Ms Serv Comp '39-'44_Aug 1 4s Highway 1939-1943 .May 1 4s Highway 1945-1954..M&S 4s Highway 1955-1958..M&N 3 Ms Emerg Rel '39-'47 Dec 15 3 Ms Emerg Ref '48-'54 Dec 15 4s Elec L & P 1941 A&O Lachine P Q 5s 1954—... J&D Manitoba (Prov) 5s '44.J&D 2 4Ms May 1. 1945 M&N 4Ms Dec 15,1956—J&D 15 Montreal 5s Dec 1, 1945.J&D 5s s f Nov 1, 1956—-M&N 4Ms May, 1954 4%s Jan, 1944 J&J 4 Ms 1940-1951 A&O 15 4%s June 1, 1971 J&D 4s May 1,1944 M&N 3 Ms refdg May, 1939.M&N Metrop Co 4 Ms '53t'54&'61 4 Ms May 1, 1965 M&N 101 81 81 103 106 103 106 92 89 85 M 82 105 106% 104% 102 M 101M 100M A 1/ c 0.30 to 1.25 0.30 to 1.30 0.30 to 1.25 0.25 to 1.15 1.50 to 1.85 1.90 to 2.00 0.25 to 1.60 1.70 to 1.90 Champaign 5s Road 3.00 % M&S 6 1.75 to 1939-1943—M&N 6 0.75 to 1.75 6 1.00 co County— 100% 99 M 99 M % Chicago— 103 3s 1941-1944 1.75 % 102 3s 1945-1948. 6 2.00 to 2 25 100% 99% 99 98 % 3.00 \\T a fop 1939-1961 opt 1952 85 105 0.75 % less Bloomington— 87 103 3s 1957 opt 3s 1957 opt 1939-1940—1941-1942—. 6 par 6 1.75 to 1.50 101 3sl956 opt 1945-1949 3Ms 1951 opt 1940 3 Ms 1952 opt 1945— 6 2.25 3 Ms 3 %s % % to 2.40 101 101 Commissioners— to 2.00 % L75 2.30 2.40 1953 opt 1946 1955 opt 1951. 2.60 M&N 119: 120% 4s 1940-1944 6 0.75 to .M&N 1969 1939 101 102% 4s 1945-1948 6 2.00 to 2 25 1950 1952 M&N w-J&J 109 112 4s 1949-1950 6 2.30 to 2 25 109 112 4Ms 1954 6 1.75 to 2.25 % 6 2.50 to 2.75 % 2.50 110 Debenture 5s 1960 J&J 1955 M&S 105 106 4%s 1960 A&O 103 4Mb non call 1958.M&N 15 103 4%s s f Apr 15. 1961 A&O 15 97 Sfdeb3Msl948_ A&O North Vancouver 5s '60.-J&J / 27 4 Ms 8 110 J&J b 1.25 J&D b 2.50 4 Ms 100 98 S fdeb 5Ms S f deb 5Ms Extl 7s 1956 117 to 4Ms non-call 1944...M&N J&D 4%s June 15 1950—J&D15 4s Aug 1 1946 F&A15 101 9 Extl 8s 1950 to 101 92 97 96 6 13 M 125 101 J&J14 99 M 99 M 5s Nov 1, 11% 111 to 96 4Ms 1939-1946 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 5s s f 1955 & 1960 A&O 5 Ms 12 119 116% 102 4 Ms June 1 1946 New Brunswick— 13 M 110 101 ... 99% 99% 100% 57 55 4Ms Jan 15. 1942—J&J 15 55 Deb 4 Ms 1956 A&O 55 4Ms Jan 15.1957——J&J 4Mb July 16. 1958 J&J / 55 4 Ms Apr 1, 1961 A&O / 55 4 Ms June 1, 1967 J&D / 55 54 Debenture 4s 1954 J&D 8% Santa 8% external loan 99-K 102% 102% 101 % 103% 3s 20-year 1958. 3s perpetual 7M / 16 / 13 Catharina (Brazil)—* 8s 1947 F&A / San Paulo (Brazil) State of— 98% .J&D M&S J&D J&J J&D M&N F&A 20-yr 3s 1955 Harbor • 8s 1948 var Brit Col (Prov) 5s *48. -J&J 15 5s Apr 25, 1954 A&O 25 Feb 1937 coupon Russian 6 Ms June 18 Certificates of deposit— / 7-yr 2Ms 1944 10-yr 2Ms 1945 110 107% 107% GEORGIA " 10 - Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 Rhine-Maine-Danube See Industrial Bonds) 1941 2s 6-year 1944 2%s Jan 15 1944 8-yr 2Ms 1943— notes to"l07 102 Winnipeg. Man 5s 1944..A&O 57% (American Dollar Quotations) l% 116 104 115 4Ms 1942 and 1967—F&A Verdun deb 5s 1954... * Dominion of Canada-*ls (lM-yr) 1939 111 115 to 101 var 5s 1950 & 1951 var 5s Jan 15 1970 50 20M 20M 1950-1959 58 1940 & 1941 5s 1945 & 1946 "39% Wurtemberg 7s to 1945-M&N f 18M 55% Yokohama extl 6s 1961—J&D' 18 M to 112 105 4Ms 1946-1961 4s £ July 1 1948 3%s July 1 1944 Vancouver, B C 5%s '39.A&O 5Ms 1952 F&A 19 / Westphalia (Prov Bk) 6s 1933 / Stamped scrip..(National Bank)— 6Ms series A & B 1946-47— / 95 6Msseries C & D6Ms '48-'49 / 95 Parana (State) Brazil 7s 1958. / 8 Pernambuco (State of) Brazil Extl s f 7s 1947 M&S/ 5M Peru sec s f 7s 1959 M&S/ 9 Nat Loan extl 6s 1960.J&D/ 10 Extl s f 6s 1961 ..A&O / 10 4s / 35 54 M 45 4%s 1939... 4%s 1940-1941 4%s 1942-1945 42% 36% 41 ; Panama 78 f F&A s 116% 112% 111M 100M J&J 5s 41 / 37 / 70 117 J&D A&O A&O A&O A&O .J&J J&J 5s 1940-1950 CANADA f 5s 1963.. Institute * 4%s assented 1958....F&A 1955—A&O 100% / 30 (City) 6 Ms 1952 98 (Rep)ext,r>Ms'53 J&D Roumania 39% M&N15 Toronto 6s 1939-1940 J&J Net 122 Mar"i5"m6rr-M&S 41 Warsaw (Land M Bk) 8s 1941 f extl 4 Ms *^7s extl f of '37 1978. J&D 116 115 120 4s Nov 15 1957 external conversion 1979. s 4yl 51 QQ Ask 63 44% f 40 / 40 Vienna (O) extl 6s '52 M&N Warsaw (City) 7s 1958..F&A (Australia)100 F&A 100% Extl s f 5s 1958 A&O Met Wat Serv & Dr Board Dec 29 S f 5Ms 1950 A&O fclOO 105% Norway ext 6s 1943 F&A 104 104% 105% External s f 6s 1944—F&A 4M8 extl sk fd 1956—M&S 104% 104 102% 4Mb extl sk fd 1965—A&O Sk fd ext: 4s 1963 F&A 100% 101 Norway Municipalities Bank 104% ► Guar 8 f 5s 1970 J&D 104 22% 18% Nuremburg extl 6s 1952.F&A Oldenburg (Free State) 7s 1945 / 18% Oriental Devel—See Jap Govt 6Ms 46 F&A / 42 M&N M&N Conversion scrip Venetian Prov Mtge Bank— 5 f 7s 1952 ser A A&O f 1957 6s 1952 91.12 3%-4%-4 5-16% extl See Panama. New South Wales Prussia 50% 54% 13% 51 / 13 54 M F&A / 101 _ 45 53% 5s funding 1956 Second 5s 1956 s . 53 % Nov '32-May '35 coupons.. Nov '35-May '37 coupons.. Munich Bank— 33 3Ms extl re-adj 1984..J&J 35 96 38 99 F&A 52 45 25% / 30% 3%-4-4% % ($ bds of 1937) external readjust 1979 3%-4-4M % ($ bds of 1937) 7% ' Extl 1960 4Ms 1939-1944 J&J 4 Ms 1943-1960 J&J Quebec (Province)— 8-yr 2 %s 1944 M&N 15-yr 3s 1951 M&N 3 %s 1949 J&J 3 Ms sf deb 1952 J&D 4%s 1961 M&N 4%s 1956 J&D Quebec City— 5s S F (non-call) 1960.M&N Saskatchewan (Province)— 5s 1943 (non-call)..J&D15 5s 1959 (non-call) M&N 4Ms July 21945 J&J2 30 nnK. J&D 49 (City) 7s *52. J&D A.M&N . ^6.52 Extls f 6s 1964 Conv f 6s 1959 ser s f 6s 26 25 M 24 M / / of 1912-1952. Extl Ottawa City 5s '39 '45 J&J 6s Munic Imp '89-'50—J&J 5s July 1, 1939-1956—J&J . Gold 7s 1943 2M 56 M Mtge Bank of Jugoslavia— Secured s f 7s 1957 A&O / 38 Extl M&N B...M&N Uruguay 8s ext 1946 % Scrip Mtge Bank of Denmark— Exch s f 5s 1972 ser IX J&D s ser M&S f5Ms 1961. A&O (Dept of) 7s '47.M&N t Union of Soviet Soc Republics Minas Geraes (State) Brazil Extl 6 Ms 1958 M&S Extl 6Ms 1959 ser A..M&S Panama 1962 Extl 7s Extls 55 25 Serbs Croats & Slov (King of) assented 1958 Sydney (City) N S W— 25-yr s f 5 Ms 1955 Tokyo (City of)— 1% % Hydro Elec Pow Com— 4%s Jan 1, 1970—J&J 2 State 4 Ms 1% 6 5% M&N Mtge Institution J&D Sink fund 6Ms 1946...J&D Extl sec 6s 1943 Saxon 5s £20 pieces Oslo 4s May 15,1939-43.M&N 15 4s May 15,1944-57.M&N 15 4s May 15,1958-68.M&N 15 58 6 (Prov) Poland— Extl s f 7s 1958 J&D 76 79 73 £100 and £200 pieces—— Milan (Italy) ext 6 Ms '52.A&0 Panama 14% 7% 6% f 6 Ms 1957.M&N 15 Tolima 1945 Natl Bank of Panama— 20 13% 6M Silesia gtd 4%s Hessen 7s to 17% 13 % M&N f 7s 1961 s Extl 8s 1962 20 5s assented 1945 4s of 1904-1954 J&D 48 assented 1954 J&D Extl 4s of 1910 (£20 pieces) £100 and £200 pieces Treas 6% notes *23 ext to *33 s 17 45 ..A&O Santiago(City)Cbile7s '49 J&J Extl M&N 4%s 1944 M&S 4Ms Jan 15, '39-'47—J&J 15 4 %s Jan '15 '48-'57-J&J 15 4Ms 1939-1970 M&N 15 4s 1941 ~. M&N 6s 1947. / (Republic)— 5s extl 71 fr Sink fund 7s 1945 5s extl loan of 1899 1945— s A&O stamped.__—A&O Colombia 7s 1945 4s 1945 '43..M&S15 J&J 5s 1959 4antander (Dept) Extl s f 7s 1948 Extl Stamped assented Extl 68 65 8ao Paulo Brazil 8s 1952 M&N 12% 11% fk 25% Oct 19 / 21 / South Wales Montevideo Ontario (Prov) 6s 5 %s 1946 81 (Prov) 7s 1942.M&S Stamped 1942 Fe (City) Arg Rep extl To or Bid Bonds Net 4anta 7%s extl s f 1951 J&D / 77 Stamped Metrop Water Serv—See New Mexico Bonds Net Ask Bid Santa Fe Mendoza (Prov) Argentina— Mexican Irrigation s f ) ield Basis To or To or Bid of issue Yield Basis Yield Basis Bonds 93 BONDS MUNICIPAL AND STATE JAN., 1939] 112 M M M M M 107 108 105 105 99 30 1.75 1 2°.75 Board of Education— 3s 1957 opt 3s 1957 opt 1941-1943 1945-1947— 1946 4 Ms 1954 opt 1944 Chicago Park District— 3 Ms 1956 opt 1946 —. 3 Ms 1955 opt „ 2.10 105% 106% 0.40 t Quotations per 100 gold rouble bond, M&S 116 118 4s 1955 opt 4s 1955 opt 6 Deb 4 Ms Sept 15'52 M&S15 Deb 4Ms 1960 M&N 15 il* 108 109 4s 6 2 40 to 2 .60 % 110 111% 4s 6 2.65 to 2.75 % Nova Deb Scotia 5s (Prov)— 1960 equivalent to 77.4234 grams of pure gold. 6 Basis. / Flat price 1939 1940-'44— 1955 opt 1945-'47—... 1955 opt 1948-'55—- k Last sale n Nominal. 1.00 to 2.25 % 94 STATE Quotations for all securities are AND MUNICIPAL Yield Basis Yield Basis To or Bonds Bid Bonds 1939-1948- 1 b 1.00 b 2.40 to 2.60 b 2.65 to b 1.00 to 2.25 b 2.40 to 2.60 b 2.65 to b 0.75 to 1.75 b 1.00 — to 2.50 to 2.25 1940-*44 1945-'47 4s 1956 opt 1948-'52—_— Granite City 4 Ms 1939-48 J&D Jackson Co 4Mb 1939-46-J&J La Grange (Village of)— to 2.60 2.75 b 1.00 to 2.70 2.30 % b 0.40 Evansville 4sref 1942-. Fort to 2.25 A&O b 1.50 to 3.50 J&J Wayne— % ft., 3.85s to 3.20 50 to 5 Ha Track Elev *39-'47- J&J b 1.50 4s Fire Dep J'ne 1 '41-J&J to 4 lis Sch Jme 15'40 J&D15 4Mb 1939-1955 J&J 5 T.so" Indianapolis S D—4s Blag Sept 1 1946—J&J 3 Ms July I 1941 J&J 3.25 % 2.50 % 2.00 1.75 to3~.65 % F&A to to 1.00 to 2.75 less 4 Ms 6 0.75 to 1.00 4Mb 6 1.00 to 1.10 6 0.50 to 3.00 6 0.50 to 1.25 6 0.75 to 1.00 % 6 1.90 1.75 lass 6 1.80 1 % % Sioux City 6s '39-'45-F&A15 6 0.75 6s Ref Aug 15 1940..F&A15 6 1.00 4Ms Sewer 1939-47..M&N 6 0.50 less to to 111 112 1 1.70 KANSAS to 1.90 IS90 1.00 1.50 to 2.30 to 2.30 to 2.00 % % % % 4s Sub 1957 tax-ex 194-53 to 3.15 3s to 3.35 J&D 6 1.25 J&D 6 2.90 J&D 6 3.20 a July 1968 J&J 0.90 to 1.50 6 0.40 to 1.80 6 0.40 to 6 0.80 to 1.70 % % 1.90 % % 107 103 102 M 103 102M 103 M 103 M 102M 103 48 O H '39-'45 tax ex..A&O 6 0 75 Portland Bridge District— 3 Ms July 1. 1939-1947 6 0 75 Portland Water District— 103 102 M 102 103 103 103 4s Funding 1948 J&D 2Mb Water May 1 1953—- 6 3.55 1955.J&J 6 3.70 3.50 3.25 6 2.50 3.25 2.25 6 3.80 3.65 100 4s 1939-1963 to 2.80 Louisville—5s Sch 1962..A&0 4Mb Hospital 1951...M&S 6 2.45 2.35 2.30 2.10 4Mb Ref 1965 J&D 4Mb Jan 1 1970 F&J 4Ms sewer 1969 J&A 4s Sewer 1947__ F&A 4s Lou W Co 1950-F&A 2.50 2.35 2.55 2.40 2.55 2.40 1.80 1.75 2.35 2.10 4s F&A 2.50 2.40 J&J 2.55 J&J 1.50 1.10 City Hall 5s Sewor 1965 4s Jan 1 1970 3Ma Ref 1943 to 3.10 w w t Less 2 bid side. 0.75 to 2.30 % to 1.00 % % % % % % % % % % to 1.90 to 1.75 to 2.30 to 2.25 to 2.00 to 2.50 to 2.00 2.00 3.50 4s Mar 1955 to 3.00 % 2 30 % 3.25 2.30 % 1. 1961 to 2.20 % 2.25 # to 2.80 to % 3.25 % to 2.80 % to 1.10 % 0.30 to 1.10 % % 0.30 to 1.50 0.30 to 1.60 0.60 to 0.60 1.75 to % 1.80 % to 1.60 0.40 to 2.50 1.25 to 1.60 to J&D 6 2.10 M&N 6 2.15 M&S 6 2.35 % 2.00 % % % to 4s 1939-1944. A&O 6 0.25 3.50 on 4s 1956-1965 to 1.50 % M&S 6 2.35 to 2.40 bid side, a to 2.10 1.75 1.60 0.25 to 0.25 to 1.00 % 3.30 to 1.50 to 0.90 % % to 1.90 % 6 0.50 b 0.50 to 1.90 % b 0.50 to 2.25 b 0.25 b 0.25 to 1.05 to 2.50 to b 0.50 b 0.50 % 2.20 % to b 0.30 % % 2.00 % to to 1.80 % 2.25 % to 1.95 3Ms 1939-1942 to Price shown is for average maturity, % b Basis. % to 0.90 2.25 % to to 1.70 % /o tax-ex M&N b 0.25 to 1.00 2s 1939-1947 J&J b 0.25 Methuen (relief and sewer)— 2Ms 1939-53 M&N b 0.40 New Bedford— to 1.60 % 4s Bridge 1957 to 2.00 J&J Ref lMs 1939-1948...A&O b % 2.70 2 Ms 1939-1947 A&O 0.40 Pittsfield— 4s Dec 15 1939-1944...J&D b 0.25 2Ms Dec 1 1939-1955..J&D b 0.25 0.25 Quincy 2Ms 1939-47 A&O b 0.25 Reading— 1 Ms school 1939-58.M&N15 b 0.25 Salem 1 Ms 1939-1948..-M&N b 0.25 Somerville— 3 Ms School 1939-1954.J&J b 0.50 Relief 2 Ms 1939-1948.A&O b 0.50 to 2.00 % to 1.25 to 1.90 1.50 % to 1.60 % to to 2.00 to 0.50 % 1.60 % to 2.10 to 1.75 to 1.50 % % % Springfield— 3 Ms Water 1939-1960.J&D 2s sewage disp 1939-68M&N 0.25 to 0.15 to 2.10 1 Ms Relief 1939-1946.A&O Waltham 2s 1939-1948..J&D 0.15 to 1.30 % 0.25 to 1.75 % Watertown— 1 Ms relief 1939-48...M&N b 0.20 2.00 /o to 1.50 % 0.25 to 1.75 % 0.25 to 1.40 % 0.25 to 1.95 1.45 Wellesley (Town)— H S 1939-1952 M&S Winchester 3 Ms 1939-46.J&J Worcester (City)— 1 Ms Funding 1940-58..J&J lMs 1940-1948 J&J 1 Ms relief'1939-48-.-.A&O 2Ms Hospital 1939-49.J&J MEXICO See Foreign Govts, page 93. MICHIGAN 5 Ms July 15 1941 J&J 15 5Ms Oct 15 1941 A&O 15 5Ms Highway 1941 J&D 2.50 5s Highway 1940 J&D 1.75 4 Ms Highway 1943 F&A 2.25 % 4 Ms Highway Impt 1944 A&O 1.90 % 4s Highway Impt 1942._A&0 2.00 % Ann Arbor— 2.10 % W W ref 4 Ms 1939-1948 J&J 2.25 % 3 Ms 1944-1946.... 2.35 % Battle Creek 2.30 % 4 Ms Sewer 1939-40.-M&N 1945-1971 M&S 6 1.60 4s Regis'd stk 1946-57 M&N 6 1.70 % 0.25 to 1.00 to 2.25 1 Ms Relief 1939-1946.A&O 030 4s to 2.35 - to M&S ... 0.25 0.35 Maiden 2Ms 1939-1958--F&A b 0.50 Ref 1 Ms 1939-48 M&N b 0.25 Medford— n 3.65 % J&J 6 3.75 t Less 1M Parks £ ?0O 2.30 to J&J b 0.50 2s 4Mb Mar 1, 1939-'55._M&S 0 0.40 4s Aug 1. 1951 .F&A b 2.00 3.60 1939-1970.-A&O 6 3.80 on 1939-1961*. A&O 5s Gen Imp 1943-45— -M&S A&O 5s Water 1961 5s registered 1946 4s Annex 1954 Paducah— 4Ms 5s 4s 3s Sew & Park 1941 J&J Owens boro—5s Sewer.-J&D 6 3.70 Warren Co—4 Ms *39-'59 % 2.15 - MARYLAND 4Mb 1939-1942 J&D15 5 4Mb 1939-1942 J&J b 3s ctfs of indebt '39-'50--A&0 b 2Mb ctfs of indebt, '1939-1951 A&O 1940-1952 June & Aug 15-1Mb ctfs of indebt— F&A 15 Annapolis 4Ms W W *42-A&O Baltimore— 103 ....J&J 6 1.00 *39-'55—F&A 6 1.00 . 111 South 3.55 6 3.50 6 3.50 to 0.25 4s Sewer 1939-1956...M&N b 0.50 Is 1939-1941 ...A&O b 0.25 to 2.50 6 2.31 Portland Sewer Dist— 4s 1939-1950 M&N b 1.00 Waterville 4Mb 1940-50—.— b 2 50 Westbrook 4Mb 1939-48 b 1 00 to 3.10 to 3.10 Lynn— Kennebec Pub Wks Nat Recovery _ Lowell— 2 Ms 1939-1947 Portland— 102M to 2.25 to 3.10 Water District— 4s Ref May 1, 1950..M&N 6 2.60 Old Town Water District— 4s July 1952-1958 J&J 4Mb 8 I *42, '47 & '52M&S „ M&N 6 1.00 3 1 to 2.25 to 3.25 to 3.30 MAINE 102M 102 Covington— 4Ms 1939-1950 r.-A&0 4Mb WW 1939-5rf J&J 4s Fdg 1952 opt '42..F&A 4Mb School Jan 1 1939-69.. Henderson County— 4 Mb R&B Oct l'39-'66 A&O Lexington—- 110 113 — b 0.25 2MB 1939-1946.......J&J 2Ms 1939-1968._M 2 & N 2 4s 1939-55 (tax-ex) M&N Framingham— 1% relief 1939-43—M&N15 lMs water 1939-58—.M&N Holyoke— 4s School 1939-1950._.A&O 2s G & E 1939-1947... A&O Lawrence (wat h'way & b'dge) 2Ms J&D 107 111 4s Wat Wks Sept 1 1939-40 6 0 75 Bath 4s Ref 1941 tax-ex. J&D 6 2.50 Bolfast 4Mb Ref '39-'50 M&N 6 3.75 Brewer High Sch Dist— Ashland— Bowling Green—5s to 2.90 to 3.70 106 0.75 2s Improve'mt 1939-56 A&O 6 0.75 Auburn 4s 1939-'40 tax-ex. J&J 6 0 75 Augusta—4s Oct 15 1939-1955 6 0.75 to 3.15 to 2.40 lMs 1939-48. M&N15 6 0.20 Everett 1 M« 1939-1941 „J&J 6 0.25 1 Ms Relief 1939-1948. .J&D 6 0.30 Fall River— 110M b 0.75 to 3.10 b 0.40 b 0.50 b 0.40 106 to 3.60 108M —F&A H'way & Bdge '39-'54_A&O 1939-1945 ._ Easthampton (hi'way & relief) 107 111 5s Dec 1, 1939-1969___J&D 6 1.25 4Mb W W & Sew '39-'54J&J 6 1.00 4Mb May 2, 1939-67^ M&N2 6 1.00 Tensas Basin Levee District— 5s Jan 1957 _J&J 109 4Mb b 0.50 J&D b 0.50 106 99 99 109 Red River A & B B District— 5s 1950 Series B _A&0 5s Mar 1953 opt 1943.M&S 1.75 2.00 b 0.25 2 Ms Dec 15 1939-T960--- b 0.25 to 3.90 - % % 2.20 109 97 — 3.15 3.15 J&J 2Ms Oct 1 1939-62..A&O 6 Braintree—4s 1939-1941.J&J b Brockton 1Mb 1939-'48..A&0 b Cambridge— 2s 1939-1958.. A&O 6 1 Ms 1939-1946 .F&A 6 1 Ms 1939-1942 F&A b Chelsea 4s 1958.... M&S 97 a 0.80 6 0.30 M&S b 0.40 J&D J&D Sept 1 1939-1956-M&S 2Ms 1939-1955 J&D Subway 2Ms 1939-48.J&D 2Ms 1983 J&D Metropolitan District— 2Ms ser A 1939-58..M&S 2Ms ser B 19 10-62..J&J to 3.15 Saline Co 4 Ms 1945 Sedgwick Co 4 Ms 1940 Shawnee Co 4 Ms 1944 1.60 April 1 1939-1957 2 Ms 1939-1968 to 3.20 5s 1.90 to 2.90 6 3.20 to 3.50 to 3.60 5s 1965 Series D to 2.75 6 2.70 to 3.00 % 3.50 3.15 3.40 2.70 3.10 — 3.70 6 2.00 5s to 1.50 A&O 2 Ms 194.5-1960 to 0.85 to 1.00 3 Ms 1939-1951 to to 2.80 4s Sept 1, 1939-1953 M&S b 0.75 4s Highw & Bdge 1939.-M&N >. 0.75 4s Highw & Bdge '40-44 M&N b 1.50 4s State Pier 1939-1942. _M&S " 0.75 3 Ms 1939-1951 M&S b 1.60 to 0.50 4s Sub 1958 tax-ex J&J 4s Tun & Sub '59 tax-ex J&J 4s relief 1939-53 J&D b 0.40 6 1.00 _A&0 6 3.05 1.00 „ 102 M to 3.00 3 Ms June 1 1943 3 Ms June 1 1944 3 Ms July 1 1945 1.65 Project No 141945— 106 101M Reno Co 5s 1941 . 112 1961-1980 to 3.35 1939-1950 J&D 6 1.25 to 3.00 Constitutional 1942. J&J 103 M 104 M 4s Pub Impt *52 opt *42-J&J 108 109 4s Pub Impt 1942 _J&J 102 M 103 M Orleans Levee District— 1.75 to 0.30 Ms Sept 1 1981 M&S 4Ms Tun 1960 tax-ex._A&O 4 Ms Dec 1976 J&D 4s Tunnel & Sub 1948 J&D Shreveport— to 2.25 2.00 % to 2.00 4 4s 2.10 1.35 % Boston— Orleans Parish Sch Board— 5s 1939-1944' —___J&D b 1.25 5s 1945-1967 J&D b 3.00 Plaquemine Parish E Bank— 5s Oct 1052 A&O 105 Pentchartrain District— 6s 1944. M&N 108 1 to to 0.15 J&J 6 1.10 109 July 1950-1959 J&J 107 ♦4Mb 1939-1961 A&O 105 ♦4Mb Sept 1. 1939-'68.M&S 105 4Mb Non-callable 1952 J&D f 3.60 to 2.00 to 101H 102M 102M 1944-68.- Hurricane & Flood Damage— M% 1939-43 M&N15 6 0.15 4s 2.25 less 1.25 ... reg 1 Ms Pub Wks. .Sept 15 '39-'40 <> 0.15 Is Pub Wks Feb 15 1939-41— 6 0.15 110 Sewer and Water— 4 Ms 1939-1945 to 1.70 Woodb'y Co Fund 2Ms'42-'46 KENTUCKY Bridge Revenue Refunding— Project No 1 July 1 '50 J&J Project No 2 July 1 '50 J&J Project No 3 July 1 '50 J&J Project No 9 July 1955 J&J Project No 8 July 1 1945 Project No 10 July 1 '50 J&J Project No. 11. 1952 Project No 12.1947 Project No 13 1953 2s 0.15 Arlington 4s 39-'42(tax ex)J&J 6 0.25 Beverley— lMs 1939-1948 A&O 6 0.25 4s 1946-1956 to 1.80 less Topeka 4 Ms 1948 5Ms Jan 1 1941 J&J Topeka S D 4Mb Mar 1 '39-'46 Wichita 4Ms 1939-46.__J&D Sch Dist ref 4Mb '39-48F&A Wyandotte County— 4Mb 1940-1945 J&J , 2.50 5s to 2.10 Dist4Msl939,54J&Jl6 0.40 110 1 1942-1964.-M&S 6 2.90 Orleans District— 5s July 1940-1949 J&J 105 1.70 1.25 Leavenworth— 4Ms Water 1939-1947.J&Ji6 0.40 Leavenworth Co 5s 1945 McPherson 4 Ms 1945__ 1.10 2Ms Dec 1 1939-1947 J&D 6 2 Ms reg July 1 1939-67 b Metropolitan Water Loan— % 110 4s Mar. 1 0.75 4Mb Imp July 18 '49--J&J Board or Education— 4Ms 1939-1953 F&A 6 0.40 4Ms 1939-1953 J&J 6 0.40 0.70 110 4Mb serial gold 1939-45 4Mb serial gold 1945-60 4Mb serial gold 1961-80 1 2Mb 1939-1956 J&J Sioux City S D 5s 1941 ..J&J Soldiers' Compensation Bonds 4Mb. 1939-1952 J&J 6 0.25 4s. 1953-1954 J&J Kansas City 6s 1942 F&A 4Mb Wat & Light 1944.J&J 110M % ft* 0.50 _ 108 3Ms Ref 1939-1962...M&S 3 Ms July 1 1953-1968 4s July 1 1940-1952 •_ lesslM May 1 1939-47— J&J 108 4M8 1939-1944 —A&O 6 par 4 Ms 1945-1966 A&O 6 3.05 Public Belt Bridge Rev— 4s 1939-1945 A&O 6 1.00 lesslM 6 M&S to 1.90 107M 4 Ms 4 Ms Davenport Indep Sch Dist— 4s Sept 1 1945 to 1.65 0.25 M&S 3s gold Water Jan 1 1941.J&J to 3.10 104 1 3.30 % 0.25 106 5s Dec 1952 opt 1942_-J&D New Orleans—Public Belt— 5s 1939-'44 opt 1939-J&J 1 %• 3.25 % 3.30 % (tax-exem) J&J 3 Ms Water 1942 3 Ms gold July 1944 99 110 2.75 % to 3.25 3.40 .. 107 1956-1970 A&O Lake Borgne Dist Levee— 2.00 % % MASSACHUSETTS 105 2.25 Lee Co Prim Road 2 Ms. 1948 6 1.75 Lyon Co 2Mb May 1 1939-47- 6 0.75 Marshalltown— 4 Ms Water 1939-1944-A&O 6 0.50 Sac Co 2Mb 6 0.75 ..... J&J 4s 1939-52 (tax exempt)__Var 4s Water registd 1939-58.J&J 3 Ms 1956 ref 3.25 95 5s 1959-1969__ F&A 15 58 1972 opt '62 Lafourche Basin Levee— 2.50 5HB 1941 —M&S South Bend School City— 4Mb Impt 1939-1948.F&A b 2.00 IOWA 4Ms 1939-1942 J&D 6 0.50 to 3.25 _ J&J J&J '52.A&0 5s Oct 15,1963 op»53 A&O 15 2.25 Bo Bend 4 Ms W W '43-M&N M&S 5s 1969 3 to 3.00 3.40 6 3.30 5s 4Mb 1944 4Mb Sewer g 1973 5s 1952 opt 1942. 5s Oct 15, 1962 op % Indianapolis— Des Moines Ind S D— 4 Ms Sept 1 1945 1.00 1.00 97 M to 3.30 o Baton Rouge—5s '39-'54 M&S 6 1.00 Bossier Dist Levee 5s '54-A&O 108 Caddo District Levee— 5s 1951 opt 1941 J&J Fifth District Levee— to 2.20 Hammon (City)— 4s O H 1942-1956—J&J30 b 2.25 1939-1940 M&N 1940-1941 M&N Des Moines 5s 1939-'57 J&J 4Hs W W 1939-42 J&D 6s Gen Oblig 193940--J&J A&O A&O 5s 1950 opt 1940 lis 1939 to 1957 A&O b 1.50 Fort Wayne School Dist— 5s Oct 1 1939-1943 b 1.50 Gary Sch City 4 lis Oct 1943 Cedar Rapids 4 Hs'49-'53M&N 6 2.25 Clinton Co 2 Ms 1942._M&N 6 1.25 ... 3.30 Atchafalaya Levee Dist— 5s Sept 1939-1972 M&S al08M _ 4 Sch 1942-68 1.60 % 3 Mb Wat & Sewer *87-M&N ser S 1941-1957 J&J 6 2.00 to 3.85 3 Ms series S 1958-1960-J&J 98 M 150 State Pension 5s June 1, 1948. 6 3.20 3.15 to 2.75 % 1.50 4Mb 1939-1968 M&N 6 1.25 Washington Sub San Dist— 4s to 4-1987 4Mb 1939-1987 to 3.25 to 3.00 Capital Bldg 4Ms Aug 15, '52 Charity Hospital at N O— 1.80 2.40 Montgomery Co— to 3.35 1%50 1.90 to 3.25 to 3.25 2.40 0.40 , 5s Water 193 104 M b 2.00 Winnetka INDIANA Elkhart 4 Ms WW '39-75 Hagerstown— b 2.00 to 2.80 (Village) 2Mb Dec 1, 1939-1958 98 M Net 2.50 3 Ms to 3.00 3Ms series R 1941-60.-J&J 6 lOOt 3Ms series Q 1941-60.-J&J 6 1.75 Lake Co 5s Road '39-'49-F&A b 1.50 River Forest S D No 90— 4 lis 1939-1944 J&D b 2.00 Rockford S D No 205 2.10s 1944-1958 F&A b 1.60 1.942-68--M&S Ask M&S 3Ms Refunding 1952...J&J Sewage Impt '80.A&O Cumber'd 4MsWW *41.A&O 102 100M 97M 4 Ms series D & E 1944-55 6 3.00 5s series F Mar 15, 1945-48- 6 3.00 5s series K July 1,1947-49 6 3.15 to 2.60 b 2.65 3 Ms March 1945 Refunding 3 Ms 1942-'56-F&A 6 2.00 Ref 3 Mb 1957-1960 F&A 103 M State Highway— to 2.25 b 2.40 Bid Baltimore (Concluded) 4s 1972-1975 -—M&S 3Ms Impt 1940 .J&J 6 0.50 I to 1.75 1942-1956 3Ms Jan 1" 1957-1961 Long Term Bonds— to 3.25 rev Bonds Short Term Bonds— 4s Jan 1 To or Net 6s series A. B & O 1940-1943 6 2.00 b 2.50 3s Water Ask Refunding 2Mb 1939-'41-F&A 6 0.75 State Highway— 2.75 Forest Preserve— 4s 1956 opt 4s 1956 opt Bid LOUISIANA Kvanston 8 D No 76— 4Mb June Yield Basis To or Net Ask Sanitary District— 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 4s 1955 opt 1948-'54 Cook County— 4s 1956 opt 1940-'44 4s 1956 opt 1945-'47 4s 1956 opt 1948-'53__ Elgin Sanit D 5s '39-'44.M&N BONDS possible for the closing day of the month preceding the date of issue as near as 0.25 to 0*20 to 1.45 0.15 to 0.90 less 0.90 lass 0.90 less M M M M M M M 0.85 less 1.40 lass 1.45 less 1.15 less 1.10 to 2.10 2.00 to 2.10 1.25 to 1.50 to 2.50 2.00 Battle Creok S D— 4Mb 1939-1949 / Flat price. F&A I % 1.50 % STATE JAN., 1939] AND Quotations for all securities are as near as MUNICIPAL Yield Basis Yield Basis To or Bonds Bid to 3.10 3 Ms General 3 '4a callable (Long) 4s . 4Mb 4Hs 5s non-callable.. 97 3s Road 1963-1957 3s Building 1939-1941 SI* 98 97 M 99% Buchanan County— Ret 3b 1943-1956 less less 1 4Mb less 1 4Mb 3.45 lestlM less to 3.20 1 b 3.76 less 1 b 2.00 to 6 1.50 3Ha Oct 1939-59 General 3s Oct 11959-62— 6 3.75 Water 2Mb Oct 1 1939-62.. 6 1.25 to less Refunding 2Mb 1951-63 j&J 6 3.65 less Refunding 3 ha 1939-50 j&J Flint 4Mb 1939-1954.M&S 15 6s (Mar 1 & Apr 1) '3 9-'50 Flint Union School Dist— 5s 1939-1954 M&S 4Mb Mar 11939 Grand Rapids— 8Mb Sept 1 1939-1940.M&S 6 2.00 to 3.75 Refunding 3 ha '57-'02 J&D Refunding 4s '39-'50-_J&D .General & Street Railway— „ 3s Sept 1 1941-1945—M&S 6 2.00 3.80 3.70 1 to 3.15 to 1 3.80 6 2.00 to 4.00 6 2.00 to 6 1.25 to 2.10 to 3.00 4.00 .00 6 2.00 Asbury Park (City)— Refunding 4s 1966— Atlantic City— 2M-4Ms Jan 1973— to 2.60 0.50 to 2.60 to 2.70 1950- 6.— 4Mb Various May 9 *39-72 4Ms Jan & July 1942...J&J 4 Ms 1939-1955 A&O 4Mb Airport 1939-54--A&0 4s Airport 1939-1971—M&S 3 Ms 1939-1974 —-J&J 3 Ms 1939-1974 F&A 3 Ms 1939-1955 A&O 3s 1940-1957 J&J 3s 1954-1975 —M&S 2Mb 1958-1975 —J&J 2Mb 1956-1975.— A&O Kansas City S D— 4s 1941-1951J&J 4Mb 1940-1950 —J&J 4Mb 1939-1950 J&J 4Mb 1940 J&J 0.50 1.30 .50 t b 0.35 to 0.90 b 0.50 b 0.60 to 0.90 to 2.60 Highland Park r Si Rural Credit ctfs 1942 6 150 to 0.90 b 0.40 to 1.00 b 0.50 6 0.35 to 1.15 to 1.00 to 1.00 67 Water 3-4 Ms Jan 1973 69 53 83 54 85 Atlantic County— 4Mb Bridge 1939-57.-A&O b 100 Audubon (Boro)— to 2.70 b 3.00 b 3.00 to 4.00 to 4.00 b 1.75 to 3.10 _S D 4Mb 1939-1955.._M&S Bayonne 5s 1939-1949....J&J 4Mb 1.20 1939-1955 98 b 2.00 F&A b 2.00 b 2.00 6s July 11939-1944 to 2.30 to 3.15 0.50 to 2.70 0.50 0.50 to 3.00 Belleville S D 5s '39-'44 M&N b 1.75 to 2.95 to 4.15 to 3.90 to 4.05 Bergen Co—- 4Mb School 1939-1966.F&A 1®}M^ i*U939 & '44.M&N „ to 2.75 to 3.10 0.50 0.50 0.50 to 2.90 5Ms Dec 1 1939-1942.J&D b 1.00 to 2.60 6 0.70 6 2.50 to 2.80 6 2.60 to 2.75 6 2.45 to § Ms Dec 15 1939-60.J&D15 b 1.00 5s Dec 15 1939-1955.J&D15 b 1.00 4Mb 1939 ...A&O Bloomf1eld4Ms 1939-69J&D15 b 1.00 Bogota 4 Ms 1939-1946.-J&D b 2.25 to 3.60 Bound Brook 4 Ms '39-'42 J&D b 2.00 to 3.00 to 2.60 2.70 1.00 Bridgeton (Oity)— to 2.60 0.80 0.40 to 2.60 4 Ms 1939-1958 Camden— to 2.60 5Ms 1939-1961 2.10 to 2.00 to 3.20 to 3.00 to 3.00 J&D b 1.50 to 3.80 F&A b 2.00 b 1.50 4.75 to 3.35 to 4.35 to 4.30 4 Ms Water '39 to '60.M&N 5s 1941 J&J 1.00 1.00 to 2.50 % 4Mb 1942-1969 3Ms 1941-1951— J&J —J&J b 3.50 b 4.00 4s 1945-1970 2 Ms 1945-1955 J&J 1.80 to 2.40 % St Charles County 3 Ms toll Camden Co— 6 3.40 less 1 4Mb April 151957 b 1.50 2.50 4Mb bridge series A_.July 15 *56 100 5Ms May 1 1941. 1939-1970 J&J 4s 1944-1968... b 3.30 St Joseph 4Mb 1939-*45..M&S 6 0.40 to 1.80 % 4Mb School Nov 1 1954:.:: 6 3.40 less l Jackson 4Mb 1939-47—A&O10 6 2.00 to 3.25 % 2.35 Cape May— Refunding 4 Ms May 11951 St Joseph S D 4s 1940—... 75 6 4.00 less % 4Mb School 1939-1951.M&S 0.70 4Mb July 15 1955 St Louis 4Mb Public bldg & Jackson Union S D Cape May Co— 0.40 to 1.10 Impt 1939-1943 J&J 5s 1939-1940 .M&S b 3.00 4MB 1939-1945 M&N 6 2.00 to 3.40 % z° Delaware River Joint Com 4MB 1940-1953... F&A 0.70 to 2.10 % Lansing4Mb 1939-1948 ..M&N 4Mb 1939-1946 J&D 6 1.00 to 2.25 % 0.40 to 1.75 % Phila-Camden Bridge— 4Mb 1939-1945 4MB 1941-1948 M&N 1.00 to 1.75 % Muskegon 4Mb 1939-44..J&J 6 1.50 to 2.75 % .M&S b 0.60 4s 1939-1940 115 M&N 4Mb 1946-1973 Muskegon S D 5s 1942...July 6 2.25 less % 0.40 to 0.70 % M&S East Orange— 4s 1941-1945 Pontiac— M&N 1.00 to 1.50 % 4s 1946-1951 98 1.00 96 Refund 4-4 Mb 1964 opt 1937 M&N 4MB 1939-1969 J&D 1.60 to 2.00 % 5s Sewer 1939-1960-—.J&J 6 4.50 less 1 3 Ms Public bldg & impt 1.00 4%a School June 1 1955 3 School 1939-1974 6 2.25 less 1 Port Huron 4%a 1942 1.00 A&O 2.00 to 2.10 % A&O 3s School 1940-1954...F&A Elizabeth— Saginaw—4 Ms 1939-49-.F&A 6 1.00 to 2.75 0.70 to 2.00 2 Me Sewer 1939-1951.J&D 6 1.00 to 2.80 3s Refunding 1952 4Mb 1.25 1939-1957 A&O A&O 5 Ms Dec 1 1939-1940.J&D 1.25 2Mb Public bldg & impt Wayne County— 6 1.50 to 2.50 1.50 M&N Covert roads-6s 1939-1972 1.90 to 2.00 % j&j 6 1.50 to 2.50 Englewood 5s 1939-1944.A&0 1.00 Voted bonds Springfield 4 Mb *39-'49— M&N 6 0.40 to 1.90 % Essex County— 4J4s Airport April 1 1948- 6 3.10 less l University City— 4 Ms 1939-1960 4Mb 1939-1943 M&N M&S 15 b 0.75 0.50 to 1.50 4s Hospital 1946 MINNESOTA 4MB 1942-1949.: J&J15 F&A 1.35 to 2.05 Essex Fells (Boro)— 3 Ms July 151943 less % MONTANA 1.00 J&J b 1.50 5s July 28 1939-1960 4Ss Dec 11939 less % 99 J&D b 0.75 Fairview—5s, 1944 J&J Glen Ridge— 2)4 trunk h'way '47-51—M&N 6 2.00 less 1 Funding bonds— 4 Ms Mun Bldg 1939-70 F&A b 1.00 less % 4s opt *44, 1939-1953..J&J 6 1.00 to 2.25 % 1.85sRuralCreditctfsl941 6 1.25 Gloucester City— less % Highway debentures— uluth— 4Mb 1939-1966 83 J&D 4Mb Dec 31 1939-40 1.00 to 1.50 % 82 5Ms Water 1939-1963.M&S 4%a 1939-1947 J&J 6 1.00 to 2.60 4Mb Dec 31 1939 1.25 1.00 4s Daniels Co 5 Ms 1940 1939-1946 Gloucester Co— J&J b 1.00 to 2.35 J&J 6 3.25 to 4.00 % Duluth Ind School Dist— b 0.75 6s 1941 opt 1940 3.25 -J&J 4 Ms Bldg&Rd *39-'45 J&D20 Hackensack Great Falls— „5Ms 1939-1940 A&O 6 1.00 to 1.50 4Mb 1942 Hennepin County— F&A 4Mb Wat & Sew ,39-*50.J& J 6 1.25 to 3.00 % 6s Bridge 1939-1940..M&N dtl.OO to 1.50 4Mb Imp 1939-1942-J&J 1.25 5Ms Bridge 1939-40—M&N 6 1.00 to 1.50 6b 1939-1954 NEBRASKA 1.50 -F&A 3s 1939-1966 4Mb Sanitorium *39-'42 J&J 6'1.00 to 2.00 1.25 M&S Hamilton (Township)— Beatrice S D 5s 1939-54. .F&A 6 0.50 4Mb Hospital '39-'41.M&N 6'1.00 to 1.75 Minneapolis— Douglas County— 3 Ms sewer 1939-1978. -J&D b 1.50 5s 1940.1943.1945.1946. 5s Highway 1939-46.-A&O 0.50 to 2.50 % Hoboken—4Ms 1940—.J&J 5s School 1939-1954—J&J 2.50 Holdrege S D 5s 1939 -55. J&D 0.50 to 3.00 % 1947, '48, '49, *50—J&D 6 1.00 to 2.70 to 2.75 Lincoln School District— Hudson County— 4Mb Apr 1939-1952...A&O 6 Par I 4 Ms 1939-1940 A&O 6 0.75 to 1.75 4Mb 1939-1953 M&N 4Mb 1939-1978 0.50 to 2.75 % M&N15 6 1.00 4s 1944. 4s g Park 1954 & McCook Fund 5s'39-*43_F&A A&O 6 2.00 less l 0.75 to 2.50 % '59_M&N;& 3.00 3Ms 1939-1941 North Platte Sch Dist— M&N 6 0.75 to 1.50 Hunterdon County— 2.60s 1939-1966 A&O 6 0.50 to 2.75 4Mb Road & bldg '39-'46J&J 6 1.00 4Mb 1939-1959 -J&J 6 0.50 to 3.00 % 2 Ms 1940-1967 to 2.75 Omaha— M&S 6 1.00 Irvington 5s School 1903.J&D 2.30s 1939-1947 4Mb Wat wks Dec 15*41 J&J b 0.75 to 0.50 % M&S 6 0.50 to 2.20 4Ms 1939-1959 J&D b 1.00 2 Ms 1939-1958 4 Ms May 1 1950 M&N 6 0.40 to 2.35 M&N| 2.85| Jersey Oity— 2.20s 1942-1959 5s 1948 5 Ms 1942-1953 J&D J&O 6 1.25 to 2.50 A&O b 3.60 2.25 2s 1939-1946 5s 1939-1969 Omaha SD 4 Ms May 1'55M&N A&O 6 0.50 to 2.00 A&O b 2.25 2.80 1.90s Oct 1 1939-1946-A&0 6 0.50 to 2.00 York School District— 4Mb School 1939-1958.J&D b 2.00 1.80s 1939-1943 —F&A 6 0.50 to 1.50 4Mb School 1945J&J 4Mb 1939-1955 ....J&J 6 0.50 to 2.75 % 4 Ms Water 1961 l%a 1944-1948 F&A 6 1.60 to 2.00 A&O 6 3.75 NEW HAMPSHIRE Ramsey County— 4Mb 1939-1967 -J&D 6 2.00 2 Ms 1939-1947 4s July 1939-1948 F&A 6 0.50 to 2.25 ...J&J 0.80 to 2.10 4sRefunding 1949 F&A 4s July 1 1939-1953 4Mb 1939-1950. F&A 6 0.75 to 2.50 4Mb Highway 1939-1943.J&D 6*2.00 0.90 to 1.80 4 Ms Rd & Bdge *39-'44M&N 6 0.75 to 2.25 3 Ms Refunding 1942-1944 J&J Gen ref 3Ms *39-'54..F&A 6 2.00 3 Ms, 1939-1956 1Mb Highway 1941-1946 M&S J&D 6 2.00 4 Ms Rd & Bdge *39-'43 J&D 6 0.75 to 2.25 St Paul— Concord— KeansburgSMs 1939-59.M&N 6 98 6s school July 11951...J&J 6 3.00 less 1 2Mb Sewer 1939-1956.M&N Kearney— 4Ms Water 1939-'70-J&D15 6 1.25 4Ms W W 1939-42 A&O 6 0.75 to 2.25 4Mb U S D 1939-1965.J&D less 1 5e School July 1 1951.-J&J 6 2.75 Keene 4 Ms 1939-1942. .M&N 6 1.00 to 1.65 % 4Mb Sch impt '39-'52.J&D 6 1.25 5s Gen'l impt 1939 62-J&J 6 0.75 to 3.10 5Ms 1939-1970 J&D 6 1.25 Manchester— less 1 4Mb Sewer July 1 1943-J&J 6 2.00 Linden 2Mb 1939-1956—J&D 6 0.60, 4s Impt 1939-1951—.A&O 4 Ms 1939-1959 Lodi—5s 1939-1947 J&J 6 0.75 to 2.60 3 Ms Bridge 1939-1956.F&a -J&J 6 95 4s 1939-1961 A&O 6 0.75 to 3.00 Nashua— Long Branch 5s 1943. M&N 2.60s 1939-1957 J&D 6 0.50 to 2.60 3s H S 1939-1956 Lyndhurst 3-5s 1939-57—J&J 6*94" —J&J Mapiewood (Township) MISSISSXPI NEW JERSEY 4s 1939-1967-.J&D15 6 0.75 Mercer County— Bridge bonds— 5Ms Impt 1939-1946 3 Ms April 1941 -M&S 6 1.25 to 2.90 % 0.50 A&O 4Mb Series B July 1939.. 61.25 to 3.15 ddli 4Mb May 1 1939-1950 4 Ms series O Jan 1940. 0.70 Middlesex (Borough) 4Ms Impt 1953 3 Ms 1939 to 1967 J&J 0.70 4M« Series - July 1940 4a D J&J 6 2.00 4Mb Flood 1939-1953-..A&0 6*1.25 to 3". 10 % 4 Ms series R Jan 1941.—.. 0.80 Middlesex CountyBiloxi 5 Mb 1939-1943 .A&O 4 Ms Road 1939-1944-F&A 6 1.00 Road Bonds— 97 Callable bonds.. 99% 4 Ms series O July 1939..... 0.50 Imp 3s Nov 15 1939-1948.. 6 0.75 97 Non-callable bonds 4 Ms series D Jan 1940..... 99% 0.70 Monmouth County— Greenville 5s fund '43-'50 F&A 6 2.50 to 3.40 4Mb Mar 15 *39-'50-M&S 6 1.25 0.70 4Ms series E July 1940..... Jackson 4 Ms series F Jan 1941 0.80 4Mb Rd & bdg '39-51F&A15 6 1.25 5 Ms 1939-1954 A&O 6 1.50 to 3.60 0.80 Montclair4Ms Sch 1941.A&0 4Mb series G July 1941 6 1.50 to 3.60 4Ms Jan 1 1939-1952 4s series H July 1942.... 1.00 4Mb High sch bldg '44.J&D 2 Ms May 16 1939-70 4s series I July 1943....... 1.15 4Ms 1939-1952 M&N 6 1.50 to 3.60 6*0.75* Jones Co 5s 1939-1942 M&N 61.50 to 2.50 1.30 Morris County— 4Msserles A of *27 July 1944 Meridian 5s Dec 11939-.J&D 4s ser B of '27 July 1950. 2.20 4Mb 1942 opt 1922—-J&J 2.50 Soldiers Bonus 5s July 1941 3 Ms 1939-1949 4Mb School House 1941 J&J 0.80 J&D15 6*0.75* Morristown— Mississippi Levee District— Highway Extension— 5s May 2 1944 ..M&N 6 2.80 to 3.00 % 0.50 4Mb C of *20 Jan *53 opt '38 4Mb 1939-1942 J&D 6 1.25 5s July 1 1953 4 Ms D of '20 Jan *54 opt *39 48 1939-1969— M&N 6 1.25 J&J 6 3.40 to 3.50 % 0.50 4 Ms E of '20 July '54 opt '39 Vicksburg— 0.65 Neptune 4Mb 1940-1955.f&A to 3.40 % 5b Pub Imp 1939-1948.F&A 61.50 4 Ms F of '20 Jan '55 opt '40 0.70 Newark— Yazoo-Miss Delta Levee Dist4 Ms A of '24 Jan '55 opt '40 6s 1939-1972 0.70 M&S 6 1.50 5s 1939-1954 M&N 61.50 to 3.40 5 Ms Oct 15 '39 to'59 A&015 6 1.50 0.70 4Mb B of '24 July *55 opt '40 40 5s 1939-1958 4Mb July 1949— 0.80 J&J 6 1.50 J&J 4Mb Oof'24 July'56 opt '41 4 Ms ser B of '30 July '39-*e7 0.50 to 2.50 % 4Mb 1939-1983 F&A 6 1.50 MISSOURI 3 Ms ser O of *30 Nov '39-'69 0.60] to 2.40 % 4Mb School Dec 1 *45—J&D 1.75 to 1.90 %; Institutional Construction— 4s Sch house 1959 opt 1949 4Mb Road 1948-1950—M&S 0.25 % 0.40 3 Ms ser A July 1939-1960— 6 0.50 to 2.40 % 4Mb 1939. A&O 4s Pas Val sew'61 op >51 J&D 1.15 to 1.50 % 4s 1939-1970 4Mb 1943-1940 M&S J&D & 1.50 4Mb series B July 1939-1967 6 0.50 to 2.50|7o 1.10 to 1.60 % 4s 1943-1947 .M&S 4s series O April 1939-1969.6 0.50 to 2.40 % 3M« iVack elev 1954..F&AI 1.25 to 1.75 % 4s Road 1944-1948 A&O 2M8serleaD May 1939-1970i6 0.50 to 2.401% 2Mb Jan 15 1939-1976-J&J 6 1.25 Grand Rapids School Dist— 4MB 1939-1943 ..M&S 6 1.25 Net b 0.35 Ed Aid 4 Ms ser A Jan IS Kansas City— 3.30 less to 0.75 to 2.50 4Mb 4Mb 4Mb Joplin 1 to 3.25 to to 2.10 0.50 4 Ms 1939-1950 Refunding Water series D-— 3 ha Oct 1 1951-1961 6 3.25 3 Ms Oct 1 1939-1950 b 1.25 3 Ms Oct 1 1948-1950 b 3.20 4s July 1 1939-1947 b 1.25 Street railway 4Mb b 3.80 to 1.15 Emergency Relief— 3Ms Jan 1939-1941 5s May 1939 to 1941 4Mb Nov 1939 to 1941 3 Mb Mar 1939 to 1942 3 Mb May 1939 to 1942— Jan 1939 to 1943 to 1.90 0.50 J&J J&J J&J15 Ask N. J. to 1.10 0.50 Bid Bonds to 2.05 1949 —J&D 0.50 Road 1939-1952—J&J 0.50 Court h'se *39-'52 J&J (School District)— 6 1.60 4Mb 1943-1948 ------ 1 3.30 3.40 1.75 1.70 0.30 2.00 0.25 Net J&J 6 1.20 to 2.40 Jackson County— 4b 1939-1951-., 4Mb 1939-1950— 99% 4.00 Water 4s... J&J —J&D J&J 3s State Bldg 1940-1944.F&A to 3.40 Detroit— ^ M&N 1948-1952 4 Ms Road 1939-1942 Ask To or _ 4s Nov 1 1948-1952 4Mb Sewer '40-'51-'50-A&O b 2.50 Yield Basis To or Bid Bonds Net Ask Bay City— £Ks W W 1939-1951— M&S 6 1.20 Dearborn— 95 BONDS possible for the closing day of the month preceding the date of issue _ 1%95 _ 1 to 3.85 to 3.65 80 to 3.50 % to 2.90 % 117 to 3.10 % to 3.20 to 2.90 to 3.20 to 3.20 to 3.75 9? to 2.30 % to 2.75 % 2.25 to „ „ % to 3.00 % to 3.00 % to 2.10 % — 2.50 - to2.65(% % to 2.50 to 3.60 to 3.20 to 3.50 to 4.40 % „ , " , M . ho to 3.50 to 3.10 to 2.50 % % % 3.15 to 3.00 % to 4.40 to 4.40 to 4.20 &5 3.65 % to 4.10 —.^„ 3°.90 to 4.00 to 3.80 to 3.75 1 % 87 to 3.50 % to 3.25 to 3.75 to 2.20 % 85 3.60 75 to 2.90 % 1.30 to 3.85 to 2.20 to 2.50 to 3.25 to 3.25 f6 1.25 to 2.10 2.60 % to 2130 ho J! fbo 0 75 % to 2.25 to 3.50 4.75 to 4.25 to 4.10 o to 4.00 % to 4.00 % 3.40 3.50 - - b Basis t Less 1 on bid side, f Flat price, n Nominal., to 3.80 % 3.50 to 3.60 % Quotations fn" nl securities .-ire as near as possible for the closing day of the month preceding thadate of issufe Yield Basis V'W« Basis To or Bid Bonds Ask 4s Palisades 4Mb 1939-1957 F&A b 1.25 4Mb Sch & wat '39-'69-J&D b 1.25 4Mb 1939-1967 J&D b 1.25 North Arlington (Borough) Refunding 4s 80 North Bergen rot 4s-4Ms 83 3.20 to to 3.30 to 3.30 85 85 Nutley (School District)— 4Mb 1939-1942 F&A b 1.00 4Ms 1943-1967 F&A b 2.35 5Ms Nov 15 1939 —_M&N F&A 6100 % ?00 £ Ocean City5s 1944 5s Impt 1939-1948 M&N 4Mb Refunding 1944.-M&N 4Mb Water 1939-1970--J&J Passaic County— 4Hs 1939-1946 J&J 4 Ms 1939-1968 J&D 6 3.00 98 to 4.25 . 434 s 1939-1973 434s 433s % % b 1.50 to 3.80 b 1.50 to 3.70 % % 3.10 & 1.00 to 3.35 % b 1.00 & 1.00 to 2.50 to 3.30 % % b 1.00 to 3.90 3?20 b 1.25 3.70 % to to 3.30 b 2.00 to Auburn 1.60s 1939-1958.F&A 6 0.40 2.60 % % 2.50 % to 2.60 b 1.00 % Binghamton— 43*s Oct 1 1939-1971—var. 6 0.30 6 0.25 2s Mar 1 1939-1956 R00 6 0.75 b 1.00 to 3.00 53*8 1944 % 5s 1939-1950 43*8 1939-1967 b 0.75 b 0.75 to 2.40 to 2.60 to 3.00 % % to 2.60 % to 3.75 % to 3.35 % % 3.40 % 3.30 % to 3.25 to 2.10 ho 2.60 % to 4.40 % 93 to 3.35 % 3.10 to 4.40 to 3.70 to 3.10 to 2.00 1.75 100 100 6 3.00 2.50 dob '48~'49—M&N 6 3.00 2f4s H way deb 1944-45.M&S 6 3.00 233s 1946-1951 J&D 6 2.40 Albuquerque— 6s Water Works 1962.-J&D 114 433s 1939-1950 J&J 6 1.50 4 Ms 1939-1950 J&J 6 1.50 Middle Rio Grande Oonser 2.75 101 4s 1940-1964— to 2.20 % F&A b 0.40 (T)— 4s 1939-1951 J&J Green burgh U S Sch Dist No 9 4.40s 1939-1965 J&D Groton 6s Wat '39-'50—M&N Harrison (T)— 43*s 1939-1980 F&A Hempstead (T) 4 3*s'39-59 A&O Hempstead 4 Ms 1939-65 M&S 2.30s 1939-67 J&J Hempstead Un F S D No 1— 6s 1939-1954 —M&S Hornell 43*s 1939-1947--F&A Hudson Riv Regulating Dist— 43*s 1939-1965l.J&J 4.70s 1939-1965 J&J Huntington (T) 4s *39-'52-J&J Islip 4s 1939-1951 M&S Ithaca—43*s Water 1942 J&J to 3.80 98 4s High Imp Mar I960M&S b 2.10 4s Canal Imp July 1960--J&J b 2.10 4s C..*iai Imp Jan 1961-..J&J b 2.10 4s Canal Imp July 1961..J&J 2.10 - 4s Highw Imp Mar 1961 M&S 4s Palisade Park 1961 4s Canal Jan 1962 1.40 % to 2.35 % to 2.10 to 2.30 serial --- 1939-1963 1952 1953 1954 J&J b 0.50 . _ _ M&N M&N M&N to 3.30 109M to 3.15 to 1.35 to 1.60 to 3.05 3.10 3.20 3.10 % 3.20 105m 105m 105 m 104 m 104 m 104m 106M 106 M 106 M 105M 105M 105M Corporate stock to 2.25 b 0.50 to 2.75 6 0.50 to Par 106 m 1.00 to 2.10 to 3.00 107M to 2.10 2.50 to 2.60 0.50 to 2.25 1.00 to 2.10 0.50 to 1.75 b 2.50 to 2.60 b 1.00 to 1.60 to 1.80 b 0.50 to 2.40 ..J&D b 0.75 M&N 6 1.00 to 1.70 4Mb Water 1939-64—A&0 b 0.75 4Mb 1947-72 J&J b 2.50 to 3.10 Hempstead S D No 7— 1939-1942 2.40s 1941-1967 North Tarrytown— % % to 2.40 to 3.30 6 1.75 to 4.00 % 6 1.75 b 0.75 to 4.40 to 2.50 % % Oneida 4b Water '40-'45-.J&J b 0.75 Onondaga Co, 4 Ms *39-47A&O b 0.50 3.70s 1939-1951 A&O b 0.50 Ref 1.90s 1939-57 F&A 6 0.50 2.10s Feb 1 1939-1968--. b 0.50 b 0 75 to 3.60 % Ontario b 0.75 to 3.00 % Ossining 4Mb 1939-42.„M&S 6 0.75 to 1.60 b 0.75 to 3.15 4Mb Water 1939-1969.A&O 6 0.70 Oswego—5 Ms 1939-46—M&N 6 0.50 Oyster Bay Wat Dist— 4s 1939-1950 -.-J&J 6 0.50 Pelham (T) Un Fr Sch Dist to 3.10 1.70s 1939-1968 -J&D 6 0.25 Co 4s '39-*51—M&N b 0.60 % 3.00 % b 0.75 to b 0 .75 b 0.75 to 3 .00 to % 1.90 % No 1 4.60s 1944-1966. 0.75 to 0.75 to 3.00 b 0.75 b 0.75 3.00 % % to 2.40 % to 2.40 % to 1.20 6 0.50 4s School 1939-'59 M&S 6 0.50 Port JerVis 4Mb '39-'69 ..J&J 6 0.80 Port of N Y 1.60 to 3 .30 Long Beach 4s Jan 15 1939 4s 1940 95 95 93 98 ' 107 m 105 m 103 m Gen & ref 3 Ms Aug 15 1977 Gen-&ref 3s Dec 15 1976. George Washington Bridge- 100m 4 Ms SerB *40 to'53 .M&N 108m "~98~" 90 % % __ b 1.00 to 3.90 to 3.55 3.90s 1940-1964 J&J b 1.50 Middleport 4.35s '39-'42_ J&D b 0.75 Mineola (V) 4.40s 1939-68 J&J b 0.75 Monroe Co 4s 1939-44.-_F&A b 0.75 3.90s Co Bldg *39-'50—F&A b 0.75 to 1.80 2.05 % 1.25 % 1 Ms Jan 15 1939-42 —-J&J Mount Vernon— to 1.40 0.75 to 2.25 to 2.20 to 2.30 to 2.10 to 2.20 to 1.80 to 2.50 to 3.10 to 2.20 to 2.30 to 3.25 t 99 108M 106 M 104 M 101M 100 109M Inland Terminal— 100 5Ms 1953- to 1.70 to 2.00 Authority— Gen & ref 4s May 1. 1975— Gen & ref 3 Ms Dec 1, 1965. Gen & rof 3Ms May 1. 1976 % 0.75 6 2.00 Poughkeepsie 4Mb '39-52 J&D 1.20 A&015 60.75 to 3.90 to 1.40 to 3.25 to 2.40 4Mb 4 Ms *39-'41 ..M&S 6 0.70 to 1.50 ser D *42-'60—M&S 109 Holland Tunnel—• 4Mb ser E '39-'41—M&S 6 0.50 4Mb ser E *42-*60 M&S 111 110M sor D Putnam Go 4 Ms '39-'51 -A&O 6 0.70 4s 1939-1954 F&A 6 0.70 Rensselaer County— 4 Ms Highway 1939-58-F&A Rochester 5s '39-'62 F&A 4Mb Pub Imp '39-'58.F&A 4Mb 1939-1959 M&S 4s % to 1.10 112 M to 2.70 to 2.80 0.80 to 2.70 0.50 to 2.60 2.30 0.50 to 0.50 to 2.40 to 2.45 1.00 to 2.00 1 Ms A&O 0.50 to 0.80 3.00 to 3.40 1.70s F&A 0.50 to 1.70 1.35 1.90 4 3*s 1939-1943 .A&O 5 3* s 1939-1941 ..A&O 4Mb School 1962-73--M&N 4s Sewerage 1950-55--M&N 23*8 1939 to 1956 M&S Imp Sch &c '39-'47_J&J 2Mb 1939-1957 M&S to 1.75 1.90 3s 0.20 1.80 % 0.80 2.00 2.00 to 2.00 to 2.25 to 2.40 Rye & Har'son Un Fr S D No 6 35*s 1944-1961 J&J 2.10 to 3.10 to 3.10 J&J 1.25 to 4.40sl939-1953 F&A 6 0.75 Saranac Lake 4.45s 1939-F&A 0.75 1.50 to 2.45 Saratoga Co 5s 1939-'40_F&A 6 0.50 4MB 1939-1955 —M&S 6 0.50 4s Sept 1 1945-1954...M&S 6 1.75 to 1.00 % 3s 2.05'% 1946 M&S 3*s 1939-1944 3s 2.05 % to 2.50 2.20 0.75 2.00 2.051 to 3.00 to 0.75 4s 1939 2.05 to 3.2.5 1.00 1.00 0.50 0.75 4 2.00 2.15 2.75 1939-1940 1940-1948 Rockland Co— to 2.00 M&N A&O J&D 2.00 b 2.15 1.00 0.50 4Mb 1939-1945-M&S 5 0.90 Rockvillo Centre (V)— 4.15s 1939-1952. J&D 6 0 75 Rome 4.10s 1939-1950—M&N 6 0.50 1.80s 1939-1945 M&N 6 0.50 1939 to Nassau County— 5s 1939-1943— 2.00 — 4Mb to 2.35 2.10 % 2.05 % to 117 b 0.50 No -.A&O 200 6 Basis. % to 3.00 4Mb 1939-1940 2.05 Imp Jan 1967.-J&J 2.15 4s Highw Imp Mar '67--M&S b 2.15 to 2.00 Jamestown S D 5s 1939--J&D Lackawanna 4 3*s *39-'54M&N ST. 00 J&J b 2.10 4s Highw Imp Mar 1962 M&S 2.15 4s Canal % to 2 .20 J&J M&S b 2.10 4s due Sept 1 1965 4s due Jan 1 1906 to 0.75 2.10 % 6 1.40 . % % Mamaroneck Un F S D No 1— 53*s May 1 '39-'52—-M&N b 0.50 6 2.15 6 2.15 b 0.50 to 2.25 4s Mar 201943 95 4s Canal Term 1942 J&J b 1.00 4s Canal Term Jan 1946 J&j b 1.50 4s g High Imp Mar 1958.M&S b 2.00 4s g High Imp Sept 1958.M&S b 2.00 % % 2.90 % b 0.75 43*8 1940-1954 120M 119M 116 _ 3M% s f Rev 1968.-A&O Niagara Falls— 5 Ms 1941-48M&N 4.15s Sewer 1965-70—M&N 4.10% Sewer 1939-50--J&J 4 Ms Wat May 1 '41-48M&N 4Mb Sew '39-'46 reg.M&N 3.95 Nov 1,1961-70.-M&N 3 Ms 1942-1945 M&N 2s Mar 1 1939-1949 Niagara Falls S D 4Mb 1939-1960 F&A % % 1.55 % to 2.60 to 3.20 to 2.30 119m 118m 2Mb assessm't 1940-44.J&D b 1.10 Parkway Authority— 3M% Rev 1940-'53_A&0 b 1.25 % 2.10 % to 3.00 to - 2Mb 1939-1953 J&D 2Mb Serial 1939-46.--F&A 2.50 % Jamestown— , M&S 6 2.20 J&J 6 2.20 J&J Highway 196.5 M&S BarCanal 1945—-J&J Bonus 1939 A&O Bonus 1940 I949-—A&O to to 3.30 - to 2.10 to 3.15 % to 3.25 1950-53 .M&N b 3.20 3.10 % 3 Ms Corp stock July 1, '75. 100 m 101M 3 Ms Aug 1 1939-78.. F&A b 0.50 to 1.50 3s Rap Trans 1947-51 -F&A b 2.60 to 2.90 ,3s corp stock Jan 1 1977 J&J 100 99.m 3s Serial 1939-1968 J&J b 0.50 to 99 3s serial 1939-1973 J&D b 0.50 to 98 M to 3.45 to 2.15 ft to 3.00 M&N 3 Ms reg to 2.80 to 1.75 Nov 1957 Dec 1, 1979 M&S 3 Ms stock Apr 1,1954-A&0 3 Ms Corp stock Mar 1,1960 3 Ms Corp stock Jan 15,1976 to 2.70 % .M&S b 0.30 M&S b 1.90 1939-1946 1947-1954 East Chester— 43*s 1939-1958 4s J&D M&N 3 Mb g Water ex 1954- M&N 3 Ms exempt 1955 M&N to 3.15 to 3.45 Mamaroneck(T)4 Ms'39-64J& J Canal 1964 Canal 1965 2.75 to 3.00 to Juno 3 Ms g exempt 3 Ms g exempt 3 Ms g exempt Co— 4s 120 to 3.75 YORK Highway 1963 to 2.10 to 1.70 to 1965 May, 1957 3 Ms Corp stock July 1 '75— 108 3 Ms Corp stock 1939-54 b 0.50 3 Ms g exempt 1941 1.50 M&N 3 Ms exempt 1942 1.75 M&N 3 Ms R T 1948-1950—M&N 2.90 1.75 to 3.50 6s 1947 Beach acquisition 433s 433s 434s 434s 434s 434s 434s to b 2.25 3 Ms serF 1940-64—M&N Columbia County— 43*s 1939-1959 A&O b 0.30 Corning 53*s 1939-1960.-M&S b 0.40 Cortland Co 43*s '39-'51.J&J b 0.40 Delaware Co 4.20s '39-'52A&0 b 0.30 T 2.75 67 1.60 4s to 2.80 .J&J b 2.25 J&D b 2.25 33*s 1940-1964 2.40 to 62 5s Jan & Mar 1 1939-1945..— 6 0.20 5s Jan & Mar 1946-1970 6 to 2.10 Greenburgl* NEW MEXICO 99 to 2.25 to 2.50 % to 3.00 1939-1940—-J&J 6 2.50 533s Highway 1939-1940-J&J 6 2.50 433s Dec 16 1952 opt '22.J&D 99 4a Fund 1939 opt 1919—M&S 98 to 1.60 to 2.15 3.10 to 2.40 6 6s Highway to 2.45 to 2.90 43*8 Water 1939^15—A&O 6 0.30 Erie County— 4MB 1939-1959 .J&D 6 0.60 4s 1945-1953 M&S 6.2.75 2.90 March 1, 1939-1947._ 6 0.40 Essex Co 4s 1939-1956-—M&S 6 0.50 Franklin Co 43*8 '39-'40-M&S 6 0.50 Freeport— 4.20s 1939-1945 M&N 6 0.50 4.20s sever 1946-60--M&N 6 2.00 4MB 1939-1951 M&N 6 0.50 4.40s 1939-1950 M&N 6 0.50 Garden City 43*s 1939-52_J&J,6 0.50 to 6 1.50 to 2.50 Elmira— 6 1.00 6 2.50 6 3.00 to 2.25 to 3.10 % 100m 1.00 to 1.25 6 0.60 6 0.60 to 4.00 Weehawken— 334s 1941-51 opt '40--A&O to 1.25 to 2.40 to 2.60 Dutchess 89 6 1.50 to 1.20 6 0.55 1.25 Ventnor to 0.95 6 0.50 % % 1.25 to to 1.25 23*s Oct 15 1939-56.-A&O 6 0.60 15 1939-47—J&J b 0.25 Sewer Authority— to 2.10 to 1.80 6 3.25 2.20s Jan ^ to 3.00 J&D 15 6 2.90 M&N 6 0.50 A&O 6 0.60 4s June 15 1960 J&D 4s 1939-1958 J&J 3.40s Nov 15 '39-'55—M&N 3.10s Oct 15 1939-46.A&0 2.60% Relief 1939-45—J&J % % 97 to 3.00 to to 2.30 116m 117M 125 123 m J&D 121 Corp stock 1967.-J&J 120 122M Corp stk 1971 J&D 15 121M July 1,1939 to 1955— & 0.50 to 3.30 % Jan 1, 19<7 J&J 118m 119M 0.55 Sch & Var 1939—J&D 114" 114 M I960M&S Mar 1, 1962 M&S 114m 115M Mar 1, 1964 M&S 115 115M April 1,1966 A&O 115m 116M A&015 117m Apr 15,1972 118M 118 M Rap Tr & Wat '74 J&D 117m Feb 15. *41-'66.F&A15 b 1.50 to 3.35 % Feb 15,1976—F&A15 118m 119M 119 120 Nov 15,1978—M&N15 Mar l, 1981 M&S 119m 120M 4s Oct 1, 1980 A&O 113 m 114M 4s May. 1977 M&N 113M 114M 4s Nov 1955. M&N 108m 109M 4s Various 1956 M&N 108 m 109M 4s Various May 1957-M&N 109 m 110M 4s Nov 1958M&N 109 m 110M 4s May 1959 111 M&N 110 Buffalo— to 3.00 75 1950-1965 6 2.75 Union Township Sch Dist— 433s 1939-1968 J&J 6 2.50 NEW 4Mb 4Mb 4Mb 4Mb 4 Ms 4Mb 4Mb 4Mb 4Mb 4Mb 4Mb 4 Ms 4Mb 4 Ms 4Mb 4Mb 4Mb 4Mb to 2.35 to 2.70 92 90 J&D Dist 533s 1939-1973.-F&A Socorro Co 5s 1941 op '21.A&0 4Mb M&N b 2.35 M&N b 0.75 M&N b 0.75 4 Ms 1963 to 2.35 b 1.25 99 93 4s Oct 11942 A&O 2.80s Gen Impt B June 1 w y 123 123 to 2.10 0.30 b 0.75 90 98 Union City 433s 1939-'64.J&D 6 1.75 Union County— 434s Oct 15 1939-1952 6 0.75 434s Rd&Bdge'39-'47_F&A 6 0 .75 3a Jan 1 & July 1 1949-1952... - 0.30 33* 1939-1971 —J&D 0.40 23*s 1939-1945 M&N 1.75 23*s 1945-1953 M&S 2 Ms 1939-1978 _M&S 6 0.30 2% 1939-1955 M&N 6 0.40 Albany Port District— 4s 1939-1972__M&N b 0.40 b b b 6s School 1939-1955—.A&O 6 1.25 433s 1939-1966 F&A 6 1.25 4 34s 1939-1960 F&A 6 1.50 334s H % 123 123 121 4s Munic & Sch '39-'63_J&J to 3.35 g J4s H w'y dob r46-'47—M&N to 2.15 121 121 July 6 1939-1962. _J&J 6 0.20 0.20 Sept 10 '39-46-M&S 10 Unemploym't Relief— 0.25 Sept 25 '39-'43__-M&S 1.05 Sept 25 *44-'45- -M&S 1.05 13*s Sept 10 1944-1946 Albany County— 0.40 43*s 1939-1960 M&S 33*s Fund 1939-1941. M&N 6 0.40 23*s refunding 1939-57-J&J 6 0.40 Albany (City of)— 0.50 43* 1939-1969 M&N 0.40 43*'1939-1970 _._J&D 2Mb 13*s Emerg 23is 2 Kb 93 M&S 6 1.00 —J&D 6 1.00 J&D 6,1.00 Westfieid— 5s June 15 1939-1960—J&D 4 34sl939-1966 A&O West New York— 43ns Oct 1 1939-1968 A&O 5s School 1939-1961 M&N West Orange Gen ref 334 s 1940-1959 A&O 4Mb 1939-1944 4Ms 1945-1965 4Mb 1939-1963 2 Ms 1939-1947 New York City— General State Improvement— 434s School 1941 F&A 4 34s Imp & sch *39-'60-J&D 6 1.00 Sussex Co 434s '39-'44—-M&S 6 0.75 4s Impt 1939-1955 M&N 6 0.75 Tenafly 454s 1939-1963.F&A 6 1.50 Trenton— 633s 1939-1951 A&O 6 1.50 „ % 0.20 6 0.50 M&N b 0.75 M&N b 0.75 5s 1939-1950 to 1.40 to 3.50 to 2.00 to 2.00 City refunding 4-5 34 s Vineland (Boro)— 633s 1939-1950 M&S to 2.20 23is July 6 1939-1947—J&J 6 0.20 b 1.25 J&J 6 1.00 4s City Hall 1939 0.20 b 0.50 to 2.60 Net New Rochelle— to 2.05 8ummit— _ to 1.90 J&D 6 0.25 b 1.50 A&O 6100 1939-1969 1939-1968 6 0.50 121 J&J M&S 6 0.20 2Mb Dec 8 1939-1987 Unemployment Relief— — 8outh Orange— 4s 1939 to 1944 6s 1939-1962 Newburgh— 4s Wat Impt 1942-63 J&J b 1.30 4 Ms Wat Impt 1939-41.J&J b 0.50 to 1.75 Ask Bid Bonds 2.05 % 0.20 2.15 - To or Net Eliminat'n of Grade Crossings Rahway— 4Mb 1939-1953 J&D Ramsey 5s Water 1939-1940-Red Bank (Borough)— 43$s 1939-1953 M&N Ridge wood 43^s 1939-62.M&N 5Ma 1939 .J&J 4MB 1939-1968 M&N Sea Isle City 5s 1942 F&A Somerset County— 434s 1939-1949 J&D 434s 1939-1952 J&J South Jersey Port District— Marine Terminal— 6 - % Pater son— 6Ms 1939-1959 M&N 4Mb Feb 1 1945 F&A 4Mb 1939-1967 A&O Perth Amboy— 43^8 April 1944 4Mb Water 1939-64--M&S2 6s Feb 1939-1977 F&A 4j*srefdg 1944 & '46--F&A Plain fie id 4s School 1959 M&N 43*8 1939-1962 Various.J&J Park 1967--M&S 4sBldgconstr 1939 M&S 4s Bidg constr "40-'49.—M&S 4s Apr 15 1940-1955 A&O 33*8 Mar 15 1939—-M&S 15 33*s Mar 15 '40-'81—M&S 15 3Ms Mar 15 1939—-M&S 15 3 Ms Mar 15 '40-'81-_M&S 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 3s Mar 25 1939-1987 101 4Mb Impt May 15 1939-'56. Ocean Co 4Mb 1939-'50.J&D Orange— 4Mb SewerI1939-1964-A&0 Passaic— 4Mb 1939-1940 M&S 5J4s General improvement 1939-1951 J&D to 2.25 to 3.15 Ask Bid Bonds Yield Basis To or Net New Brunswick— „ * STATE AND MUNICIPAL BONDS 96 1947- - July 1 1940 -64 _ 1939-50 I* Si. A 3.40s July 1 1941-45-—J&J 23*s 1946-1956 23*s 1939-57 F&A b •4f 2.40s May 1'1939--48—M&N 3.10 to 2.30 2.40 to 2.85 0 .75 to 3.00 j& 075 /Flat price. \ to 2A0\ % % 2.80 % to 2.25 % to to 1.60 % 1%00 to 2.50 % to 2.40 % STATE JAN., 1939] Quotations for all securities are AND To or Saratoga Springs— 4 Ms Park 1939-1940—A&O Scarsdale 4 Ms 1939-45—J&D Schenectady— 5s Dec 15 1939-1941 4.30s 1939-1948 ..J&D 4.15s 1939-1960 -A&O 4s Oct 15 1939-1944--A&O Ask Yield Basis Bid Bonds Ask Montgomery County— 1.50 5s Flood Emerg '39-'42 J&D 1.00 Newark 4Ms 1939-1941 ..A&O Portsmouth City S D— 4 Ms 1939-1950 J&J ft 1.50 Springfield— 1.00 4Mb 1939-1949 M&S County— to 1.00 to 1.50 to 2.10 Mecklenburg Co— to 2.20 M&S b 0.35 to 1.80 6s Ref Nov 1950 Pitt County— J&J b 1.50 to 2.50 5s Dec 15 1939-1948 b 0.50 Solvay 4 Ms 1939-1940--F&A b 1.00 Somers (T) 4Ms'39-'53-M&N b 1.00 Southampton— 5s 1939 1971 -M&N b 1.00 Suffolk County— 0.40 4 Ms 1939-1957 A&O 0.40 3 Ms 1939-1951 F&A 0.40 2 Ms High & ref 1039-57 M&S 0.40 2.20s June 1 1939-1962 J&D 0.50 Sullivan Co 4 Ms 39-'45_A&0 to 2.00 4.00 to 4.60 Lincoln Co— 5s Bridge 1939-1951 1939-1955——-A&O b 0.40 1939-1950 M&S b 0.50 6 4.25 A&O 6 2.00 0.50 0.50 0.40 0.40 2 Ms 2.20s 1.80s 1939-1950 Schenectady County— 4 Ms 1942-1958 flvpu b b b b Iredell Co 5s Aug 1 4 Ms 1939-1950 to 1.75 to 2.40 to 2.00 i 0.40 to 1.75 0.50 0.40 to 2.50 i J&J15 0.35 to 2.40 J&J15 0.35 0.25 to 2.50 M&S M&S 0.25 to 2.10 2.10% Aug 15 1946-1947— lMs 1939-1948 F&A 1.75 0.30 to 1.85 % to 1.70 0.30 lMs 1939-1946 M&S Thousand Isl'dso See "W'atert own" to 1.50 4.20s Dec 15 '39-71 1939-1946 4s 3 Ms 1939-1951 3s 1939-1971 2.20% 1939-1957 2s 1939 1956 J&J Tonawanda (City of)— _ Sch revenue Z° ft 0.75 , „ to 3.00 % 5s M&N b 1.00 % 0.50 0.60 0.50 0.40 to 1.00 to 3.00 to 3.00 to 1.85 to 1.90 to 1.70 i i i % 2.00 % 3 Ms May 15 '39-'51— M&N to 2.75s to 2.60 to 3.25 6 1.25 to 101 Sewage Dis 1939-65-M&N % 99 to 2.50 to 3.00 to 2.60 to 1.80 J&J b 0.25 to 2.00 J&J b 0.25 to 1.35 l" 6s Water 0.75 A&O 6 4.00 1944-1959—-A&O 6 2.50 5 Ms 1941 5 Ms % Imp Feb *46-'51—F&A 1959-1964—J&D 3-00 to 3.05 3Ms 1939-1951 J&D 3Ms 1952-1980 J&D 3Ms 1939-1951 —J&D 3 Ms 1952-1963——J&D 0.75 2.70 to 2.75 0.75 to 2.75 2.75 0.75 6 2.00 to 3.00 3.25 3.25 1.00 5s Water White Plains— 4Ms 1939-1959 (reg)..M&S 3.90a 1939-1954 F&A 3.30 to to 4.60 to 3.80 to 2.75 1.00 to to to % 2.90 to 2.00 to 2.25 to 2.10 to 2.20 to 2.10 to 3.20 to 3.25 to 3.10 to 3.25 M&S A&O M&S 2.60 to % 3.10 % 1.50 to 3.20 1.50 to 2 .90 % M&S 1.50 to 2-80 % A&O 6 1.00 to 3.30 % M&S 2.00 to 3.25 % F&A 1.00 _ to 3.85 1.00 to 3.50 to 3.80 5s 2.50 to 4 Ms to 2 65 to 2.75 to 2.75 b to 2.05 to 2.10 99M 35 36M 1 1976 Buncombe County— l-4s gen ref July 1 1976 Charlotte— 35 M&N M&N M&N F&A — 36M M&N 1939 — b 2.00 6 2.00 1.00 to 6 1.75 to 6 1.50 to 2.95 to 2.85 2jOO 0.75 to 3.10 Hamilton County-— 0.75 to 2 .90 W 4Mb 1943 F&A 4 Ms Sewer Oct 1 1939-'47.. 6 1.00 to 2.40 Lima 0.75 to 3.00 58 Sewer Feb 1 1939-'51 F&A 6 2.00 Lucas Co 4s O H 1944...M&S 0.75 1.25 to 3.00 5s Pa k & Imp *39-'41-A&0 5Mb Sewer 1939-1947.. 4Mb 1939-1940 6 2.75 1.25 to 4.00 4Mb 1939-1965 F&A 1.25 to 4.00 3.50 99 M 99 4.00 1.25 ft 2.00 1.75 % 1.60 to 2.30 J&D2 6 1.50 to 2.00 % to 3.50 % to 3.75 Refg 3 M« 1957-1962.. Greenville 5s W W '58 J&J F&A 3.40 Martin's Fy 5s 1.00 to 2.75 to 2.75 ft 0.90 1 50 .80 % % % 2.35 % to 2.70 % 6 2.00 to 3.50 % 6 1.80 to 2.60 1939-'44.M&S 6 1.50 Miami Conservancy Dist— 5M® (1 to 5 yr mat'y) ..J&D 4Mb Water 1939-1960-M&S to Braddock 4Ms '39-'4l._M&N 6100M to 2-65 Cambria Co 4 Ms Nov 1 *39-'45 ft 1.75 to 3.00 Del River Jt Comm Bridge 6 1.00 5Ms (5 to 10 yr mat'y).J&D 6 2 00 5 Ma (after 10 years) J&D 6 2.60 105M Phila-Oamden— 4 Ms Sept 1 '67 opt '41... 115 Easton 2 Ms Water works— 1939-1966— M&S 6 0.85 4 Ms 1939-1960 .F&A ft 1.10 6 2.20 4 Ms Jan 1 1940-1946 Fayette County— 4Ms Highway 1952..-J&D Harrisburg— 4s May 15 1939-1953 6101 Jeanette 4Ms 1939-1956.M&S 6100M Lacakwanna Co 4s 1944-F&A Lancaster Co 4 Ms *39-'60F&A Lancaster S D 4s May 1945-. Lower Merion Twp 4s 1945._ McK'p't S D 4M» <19-43 M&N Mercer Co 5Ms '39-'47--F&A Norristown S D 4M« 1943.J&J 5b Jan 1951 to 2.00 2.00 Par to 2.45 6 Par to 2.50 114 107 1 tax-exempt. ft Basis., to 2.20 6 % are to 3.15 to 2.50 107M ..J&J 2.90 to 2.25 6 2.20 4Ms Nov 1 1948 to 2 75 2.70 % 6 2.20 6 2.30 / Flat price. I 2.70 to 6 2.75 6 0.75 to to 2.50 to 2.50 to Erie S D— 114 to 2.00 % 1 Easton-Phillipsburg 4Mb. 5s June 1 1962 opt '52. J&D 5s June 1 1982 opt '52.J&D 4Mb May 1948 J&J % % J&D 6 1.70 to 3.00 % 2.50 % % J&D 113 to 1.75 __ % 2 Ms 1939-1968 J&J ♦Ohio municipal bonds issued since Jan. 1,1913 are taxable, ail bonds issued prior to that date to 2.65 Philadelphia— 50 3.90 4s Water Works 1954--J&J % Mahoning Val San Dist— 4 Mb water 1939-1952. .A&O 6 3.00 i 2.40 to 3.10 F&A J&J to A&O 0.75 5s Water 1942.. 4Mb 1939-1963 to 2.60 Lakewiod— 0.75 1.00 0.50 0.50 m Elyria 4Ms 1939-1952.__M&S 6 1.00 J&J Granville Co 4Mb '39—M&N Greensboro— 2.30 % to 2.30 W to 3.25 1939-1955...M&N 4s 1940-45-50 % 1.60 % 3.00 % 1.00 to 3.10 Durham County— to 2.70 1.00 2.15 ft 5b Water 1939 to 1945.J&J 4Mb 1939-1951 J&D Forsyth Co 4Mb ^-'SB-JAD 3.05 % to 3 00 % to 2.50 % to 2.50 % 2.10 4 Ms gen imp 1939-43..A&O 6 East Liverpool 4a 1940 J&J 4Mb Oct 1945 4Mb 1939-1966 to 1.50 A&O ..M&N Bethlehem School Dist— to to 2.80 0.75 2.70 1.25 1.00 4 Ms Sewer 1939-59 A % 2.00 1.00 1939 1946 J&J 6 1.00 Fostoria 5s W W '39-'40.M&S 6 1.00 to 2.60 % to 2.90 6 to 2.80 6 1.25 to 2.85 M&N Altoona— A&O A&O 6 2.00 A&O 6 2.00 Imp 1944..J&D Imp 1945 F&A 4Ms Bdge 1939-1951 ..M&S 4Ms 1939-1940 M&S 4Mb 1941-1961.......M&S Dayton School Dist— 5Ms 1941 M&S 5s Mar 16 1939-1946.M&SI0 East Cleveland—• >s to 2.30 1.00 Allen town— 0.75 F&A 6100M to99M I960 1977 2Ms 1941-66 Durham— to J&D 19 6 2.00 5 Ms W W 5s W W to 1.90 -J&J 6100 1.00 Dayton— to 2.75 1.00 b 2.00 F&A 1939-1944 4Mb 1939-1943 4Mb Road 1939-1941..A&O 4s 1939-1941 ...A&O CAROLINA -A&O b 0.75 1.00 2.70 % to 2.70 % to Cuyahoga County— 2.75 J&J b 0.75 A&O b 0,75 F&A s-a 2 Ms 1940-1959 Columbus S D— 5s 1943-1952 1.00 J&J b 2.75 to Columbus— to 3.50 %. to 0.50 Series "DT" May 31 1939.. 0.50% 5s July 1 1951 Series C..J&J 128 130 4Ms Dec 1 1951 opt '37..J&D 100M 101 4 Msi 1939, 1944, 1949.... J&J 6 0.50 to 1.95 4s Highway Apr. 11940, 1942, 6 1.00 to 2.10 1945, 1947. 1950. 1952 3 Ms Turnpike Revenue— 96 M 97 M 4,1947-1968 F&A Allegheny County— 4 Ms 1939-1962 A&O 6 1.25 to 3.00 4Ms July 1939-1958 J&J ft 1.25 to 2.65 4s Bridge 1942 F&A 48 1939-1958 M&S 6100M to2~45 2 Ms Dec 1 1939-1965 to 2.45 J&D 6101 2M Apr 1 1939-1967.-A&O 6100M to 2.50 % % 1.50 to 3.40 1 PENNSYLVANIA 1.50 1.00 to 0.50 1M % Tax anticipa'n notes— -/o A&O 1949-1957 to 2.75 0.75 to 3.25 3.25 % to 3.00 % 4 Ms 1939-1953 to 2.85 2.30 % 101 to 3.70 6s to 2.20 i 45 2.50 4s Water 1939-1958 J&J 4s Water 1940-1959...F&A 1939-1959 to 1.75 1.00 1939-50.M&N to 2.10 4 Ms 1939-1955 1.00 39 2.00 M&N 4s Water to 3.86 2.50 0.50 to 1.50 % to 1.25 % Multnomah Co 3 D No. 1— 4Ms July 15 1939 J&J15 ft 0.75 4s July 15 '40-'45 J&J15 ft 1.00 Portland— to 2.20 6 to 2.50 _ Road 1939 1.00 — to 2.00 0.50 Ref 1-5% 1967 J&J Eugene 5s 1942.^ M&S Multnomah Co— 4Mb Bridge 1939-1944.J&D 4Ms 1949-1956 ..F&A 4s Bridge 1945-1955.. J&D 5s 1.00 100 % 1.50 0.75 Astoria— 2.90 to 3.25 Cleveland Heights S D— to 3.75 1.00 to 1.00 1976.. to 3.85 2s 1948-1949 Asheville— 0.75 3.00 OREGON 2Mb May 15 1939-1940 3 Ms May 15 1941-1945 4.30 % 3.00 4Ms H'way *39-'49 (s-a).A&O 4s Highway 1939-1942..A&0 3.75 4s Highway 1939-1941..A&O 2.0Q % to 1.00 2Mb 1946-47-48 2Mb 1940-1948 1.00 to 2.00 3s to 3.85 ft to 2.85 1.75 1.00 1.00 A&O A&o J&J to 2.85 to 1.00 1956— A&O 4MB 1939-1962 4Mb 1939-1968 to 1.25 to 3.50 1.00 F&A to 4Mb July 1 1939-'62—A&O 4Ms Marl 1939-'56—-A&O 4s 1939-1958 F&A 3 Ms 1943-61 J&D 3.30s April 1 1939-1956 5s July 1961 to 2.60 1.50 % to 4.40 2Mf 1939-1951 to 2.90 1.00 & ref July 1 *43-'46 % 3.10 % % to 4.40 1939-1963 2Ms 1939-1951 to 3.75 1.00 1939-1964 to 3.10 to 1.50 4.25 % 1.00 M&S § Ms 1939-1949——A&O to 3.35 2.00 1939-1961. % 5 Ms July 1946 ..F&A 5 Ms Wat & Pk '39-'49-F&A 3.25 % 5s Harb Dev 1 1939-1962 3 Ms 1939-1956 3 Ms 1944-1953 Yonkers— 6s Feb 1 1939-1952 A&O 5 Ms Jan 1940-1961—A&O to 2.00 Tulsa— 4Mb Fire Dep '39-'55-.A&0 6 1.50 4 Ms 1939-1950 M&S 6 1.50 4s Sewage 1939-1958. _M&S 0 1-50 to 2.75 1.00 2Ms Sept 1 1943-49 % 1.00 3.65 Okmulgee 5s Mar 15 1943 5 Ms 1940-1970 J&D 6 2.25 5s W W 1939-1968 J&D 6 1.25 4 Ms Grad Cros'39-'54-A&0 6 1.50 to 3.30 1.00 Wolcott 4 Ms Jly 15'39-'42J&J 1939-1947. .-M&S 4 Ms Water Works 1941 J&J 3.30 3.30 6s J&J 1939-1951 1939-1959 % to 2.60 .A&O Cincinnati (School Dist)— 3 Ms 1940 opt 1912 A&O Cleveland— to 2.25 1939-1948 1939-1970— 1939-1979 to 2.75 OKLAHOMA J&J 2Mb Sept 1 1939 2Mb Sept 1 1939 to 3.00 l-4s gen ref July 2.50 4Ms Dock 1943. 4Mb Oct 1939-47 4Ms 1939-1960 3 Ms Sept to 3.20 4b 1939-1908 3 Mb 1940-45 % % 2s Sept 1 1939-63 1.00 M&S 1 Ms Wat. wks. '40-'79 M&S 6 0.40 1 to 3.30 0.75 NORTH to 2.25 to 3.25 Muskogee— 4Ms Aviation 1939-53.J&J 6 1.25 Oklahoma City— 1.00 5Ms 1939-1940. J&D J&J 4Ms July 1943 4 Ms Sewer 1955 4s 1939-1956 to 3.40 2.10 gen 3.20 M&S % to 3.35 3.10 0.75 3.10s Oct 1 1.50 A&O 5s Canton School Dist— 5s 1954 -—.A&O 4Mb Dec 5 1939-1942—J&D 6 "1.25* 4.40s 1956 Cincinnati— 100 0.75 Bldg 1939-59.—M&S % % 1.50 A&O 4Ms 1939-1957 (See footnote *) 0.85 J&J J&J b 0.25 98 to 3.25 1939-1947 6s Feb 1 1939 58 July T 1965 4Mb Bridge Rev '67-M&S Westchester County— 5s 1939-1976 J&D 4M» San Sow '39-'82—J&J 4Mb Parkway 1962-86.J&D 4Ms Co Bldg 1939-44..A&O 4Ms *44. '45. '56 & '69 J&D to 3.30 1.50 to 100 6 3.75 A&O 6 4.00 Water Works 1942.A&O Allen Co 5 Ms 1939-1950. A&O 6 2.00 Ashland 5 Ms 1939-1944.A&O 6 1.00 Canton— 5s Sewer 1953 M&S Thousand Islands 3s 3.05 6 1.25 4Ms 1939-1956 Watertown 5Ms 4Mb 4Mb 3Ms 6 3.15 1.50 A&O Youngstown School Dist— 4 Msi 1944-1947 M&S 33 M / 31M ..A&O 1.50 5s 1939-1944. M&S Zanesville—5s City Hall & Market 1939 M&S Zanesville S D 5s '39-'43.A&0 ft 1.00 to 100 t J&J 6 4.00 5s Water 1939-1953. —A&O 6 2.00 4 Ms 1939-1947. A&O 6 4.00 4 Ms 1939-1952 A&O 6 4.00 Warsaw Union Fr S D No 10— 2Mb to 4.00 4s 4s June 1 4Ms 1939-1959 4Ms 1939-1956 Youngstown— 6s Bdge 1939-41 to 3.75 97 M to 95 6100M refunding 1948-56—J&J J&J Akron 6s 1939-1940 5MS 1939 1951 to 1.75 6s 1.75 .3.85 & 1955—.J&J 6 3.50 3.50 J&J 2.00 Fargo 4s Aug 15 1939-1954— Grand Forks— % 5s 1939-1945 1.50s 1939-1946— I 2°25 Toledo School Dist— 4 Ms July 1951 4 Ms Jan 1957 % to 2.75 F&A b 0.25 2s to 3.20 M&S 111M 4Mb Pub Imp '39-'45.J&J15 b 0.30 4.20s 1939-1949 F&A b 0.25 4.15s 1939-1950 M&N b 0.25 4.10s 1939-1946 A&O b 0.30 4s Co Sept 1939-1947 OHIO 1942 1939-1953 3°80 to 3.25 5s Farm L'n 1940-45&'50 J&J 6 3.40 5 Ms 1945 & 1948 ser O—J&J 6 3.40 4s to 1.60 4MB 4Mb % 3.20 1.50 to 3.25 % Oct b 1.00 to 3.30 M&S 1.50 % to 4.00 1939-1942 to 2.50 M&S15 to 3.00 to 2.80 A&O 5100to 1.50 to 3.20 Utica— 4Ms 5s W W 1939-1944 6s Pub Wharf 1960 5s Sewer 1949 4Ms 1939-1953 M&S 4Ms Nov 1 1939-1953 4s Park July 1 1942...J&J 1.25 b 2.00 Warren Co 4Ms 1939-'50_F&A b 0.75 5Ms highway 1939-'53_F&A b 0.75 F&A L00 QQ 2.70 i _2.60s 1967-1969. to 2.00 to 3.60 4s to 3.90 b 0.30 1940-1966——A&O b 0.80 1.50 100 3.20 3s refunding 1956-68 b 2.00 1939-1948 A&O 2.75 1.50 3.40 % Troy— 3.90s to 1.50 % % b b b b 1.00 ...M&S 4Ms 1939-1954 4Ms 1939-1958. „-M&N 15 4 Ms 1939-1973 -J&J % A&O —A&O J&D J&J % to 3.15 to 3.50 4Ms 1939-1950 4Mb 1939-1970 4Ms 1939-1965. % to 2.60 to 2.90 to 3.25 110M to 3.20 3.25 1.25 to 3.20 A&O % 1.75 % to 4.00 1.25 ^ to 3.25 to 3.50 M&S 1942-'68— b 2.00 6s 1939-1940 reg 3.85 Winston-Salem— Dist— 2.80s 1939-1958 Triborougb Bridge— 4s s f revenue 1977 4s serial to 2.20 i b 1.25 b 2.00 ft 2.00 3 Ms sewage 1940-69—J&J 4Ms 1939-1942 J&J 4Mb Sewer 1939-1953__J&J 5s Water 1939-1950--J&J 5 Ms Water 1939-1950—J&J Free to 1.90 to 2.75 Toledo— to 3.65 4.00 NORTH DAKOTA Ticonderoga S D No 5— 4 Ms July 1939-1958 Union 3.25 J&J Salisbury 6s 1939-1941--M&N Transylvania County— Road & Bridge 6s 1949-50— Wilmington— 5s Ref & Impt 1955 A&O 4Ms 1939-1962 A&O 4 Ms Pub Imp 1939-60.J&J 1 M&N J&D15 F&A 4Ms 1939-1944- M&S Net Summit Go— 4M 1939-1940 Rutherford Co 5s '39-'52. .J&J 6 to 2.10 1939-1955 Ask Springf'd S D 5a 1939...J&J2 to 2.20 to 2.25 % 0.50 2.90 6 to 2.00 to 3.00 4s to 3.60 F&A Raleigh— 5s Impt June 1 1944—J&D, 6 4Ms 1939-1967 A&O.ft 4s 1946-1950 M&N;6 3 Ms 1951-1956 M&N 6 3s 1955-1970 A&O 6 Randolph County— 4 Ms 1939-1947 F&A 6 4Mb 1948-1959 F&A 6 to 1.50 to 3.00 to 2.75 —M&S 1.50 M&N 6 3.05 4 Ms 1943-1947 5s Fund June 1959 plloo—« 5Ms 1939-1960 '42.F&A Bid Bonds Net 4Mb 1939-1957 M&N b 1.00 to 3.60 to 91 High Point 4Mb 1939-48.J&J 6 95 5b Wat Sorv 1939-1968 J&D 6 97 M to91M to 0.90 to 2.00 To or To or Net Jullford 6 0.50 5 0.50 preceding the date of issue Yield Basis Yield Basis Bid Bonds 91 MUNICIPAL BONDS possible for the closing day of the month as near as 2.10 % 98 STATE AND MUNICIPAL BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis To or Yield Basis To or - Bid Bonds Scranton 4Mb '39-41—F&A 5s 1939-1950 F&A Scranton School District—_ 4Mb 1939-1956 —J&J 3% opt rev 1939-48--M&N Wilkes-Barre— 1939-1943—F&A b 1.10 3.90s % to 3.00 to 3.10 to 2.70 Cranston— 4s 1939-1968. M Sept 1 1955-1958- 2.75 to 1.25 2.30 S.60 2.65 1.00 1.00 1.25 Newport— 1.00 4MB 1939 M&S 1.00 5Hs June 1 1939-1953 4Mb May 1939-1942-M&N b 0.40 4s May 15 1948 M&N 8Mb g High sch 1954-J&D - to 3.25 to 3.60 to - General Obligation 5s...._ Funding 5Ms Sept 1950— Watftf d UCa 85 4.10 4.10 4.20 Port Arthur— 5s 1939-1970-.San Antonio— 4.00 6 3.00 J&J 4Hs Sewer 1952 4Ms School 1954 3.30 3.30 3.30 JPfcmdence— 4Ms 1939-1959 Funding"19527%2"."A&6 2.25 0.50 77 to 2.40 101 Electric System Revenue— 3 Ms 1941-1954 .J&J b 2.00 3 Ms 1955-1958 J&J 4s Jan 1 1945 4s Oct 1 1954 to 2.60 !957.-«—«M&N2 —J&D 4s Water 1962 A&O J&D 4s Oct 1 1964- «1939-1950 6 Par 3s 1944-1951 -J&D b 1.00 2Mb 1939-1957—-—F&A b 0.50 60.40% 2s May 1 1939-1958WPA School Loan— ho 2.50 2.50 2.60 2.60 to 2.30 to 2.30 to 2.25 —J&J b 1.65 to2.40 % 3s 1946-1965 Woonsocket— 4M% Highway '39-'49 J&D Memphis 5s July 1954—.J&J 5s River Term '39-'48.A&0 4Ms Water 1939-1962-J&J 4 Ms Water 1949 J&J 4 Ms Park 1959.. A&O 4Mb 1939-1955 ..J&D 4s 1939-1954... M&S M&N 4Mb Funding 1944— 4Mb 1939-1967 J&D 57.00 4Mb June 1939-1957 J&D 6.1.00 5s Funded 1939-1959—A&O 6 1.00 4s Funding 1947—...A&O 2.25 to 4.251 to 3.00 to 3.60 to 3.60 to 3.75 . 70 SOUTH CAROLINA 4Mb ctfs indebt 1939- 53-J&D 6 1.00 to 3.10 J&J 6 1.00 to 3.00 6 2.00 to 3.00 4s Institu'l 1939-1959 Refunding 1940-55— 3M® State Highway— Ctfs of indebt 1940-49. J&D State ctfs of indebtedness 3s Jan 1 1939-1952 J&J 2Ms Highway Oct 1 '45-'64—Aiken do 4Mb 1939-1945.F&A Anderson Co-— 4Ms Highway 1939-43-F&A Charleston—-4 Hs Jan '62-J&J 3 Ms Wat Works'39-78A&0 Cheraw 5s '52 opt '32-July 1 Clarendon Co— 6s May 15 '39-'40~M&N16 Columbia 5s Ref 1941.-M&S 4Water 1945 ..J&J Greenville—5s St 1942..-J&J 3 M« water ref 1939-76 M&N °?8JSI'StWKShfS Greater Greenville Sewer 6 1.50 to 2.75 1.00 to 2.75 2.50 to 2.75 2.00 to 2.75 6 1.50 103 6 1.50 UNITED 95 6 1.00 to 6 2.00 6 1.75 3.15 to 3.25 to 3.00 3.30 % 98 100 102 M 104 98 100 M Dist 6 2.80 6 3.15 to 3.40 % 6 3.25 to 2.50 4.40 to 2.75 to lelby County— 4s Courthouse"1957 A&C 6 2.90 5s Aud Mkt H'se 1949-M&S 6 2.80 1.00 4M% Jail 1940-1951—M&S Smith County— 5Ms Fdg 1939-1958—J&J 6 1.00 2.75 2.40 2.75 Abilene 5s Feb 15 1959-1965— Amarillo4Ms *39-'58-M&S 15 Austin— 5a 1939-1942 J&J 4MB 1939-1961 J&J 4 Ms 1939-1953 J&J 4 Ms 1954-1958— J&J i -— „ 0.85 ro to 2.10 to 2.20 M&N M&N 6 2.00 to 3.75 6 0.50 6 0.50 to 3.00 6 0.50 to 6 2.50 6 2.00 % to 0.76 6 1.25 to 2.60 6 1.25 to 2.25 less 1.40 0.50 to 1.00 2.60 less 1 to 2.00 1 ?75 % 1.00 to 3.25 0.75 to 3.10 1.00 2.00 3.10 to 3.10 less 1 ?25 3.05 less 1 3.25 1.75 0.75 s 1 2.00 to 2.90 to 4.10 2.50 s 1 I 2.75 less 1 2.00 less 1 0.50 to 2.20 % less 1 F&A 2.50 2.60 less 1 1.50 less 1 2.60 3.00 1.50 1.00 to 2.75 J&D „ 5s Water 1948 3.25 Richmond— 4Mb 1949— 4Mb 1958... J&D ... to 2.70 El Paso— 5s W W purch 1950 5s Impt Aug 11948 to 3.20 to 2.25 to 2.80 6 3.00 F&A A&O 6 Too" to J&J J&J 6 2.60 % J&J 6 0.50 J&J 4s Elec 1 1943 Light 1942 1943 I 2.25 2.40 1 2.25 4Mb Pub Bldg 1944—M&N April 1952 A&O •2Mb Water 1939-68—.A&O 2Mb Jan 1 1939-1958—J&J 4Mb 1939-1956-— Staunton 5s 1939-58....M&S Tazewell Co 5s 1939-40— J&J Washington County— less 0.50 to 2.00 ___ 58 school 1939-49—--—J&J J.00 to 3.25 2.75 to 3.15 6 2.70 to 3.00 100 M 101M and 1958 at 100. % 1.25 1.60 2.00 2.70 4 Ms ho ff50 . 1.50 1.60 J&J J&J I .60 1.25 2.50 to 1.50 4Mb Street Impt May.1940 4 Ms Pub Bldg 1941—M&N I X Optional to Jan. 1 1938 at 105. 1943 at 104,1948 at 103,1953 at 102 % 1 J&J 4Ms Jan 11960 2MB 1939-1953 3".25 % 9 I °.25 3.75 2.50 less 1 to 3.40 % % less 1 less Roanoke— _ A&O 1.00 4a 1939 to 4a 1941 to 2.75 J&J 6 0.50 2Mb voted 1939-58 F&A 6 0.50 Dallas Co 4Mb Apr 10 1951— 6 2.65 2.00 % to 2.60 to 2.75 less J&J J&J J&J 4s to 2.80 2.85 6*3.40 fess I 1964 4Mb July 11941 4Mb July 1 1965 101 6 0.75 6 1.80 to 3.75 less 1 2.00 2.25 to 2.90 1.00 3.00 2.90 3.65 4Mb July 1 to 3.75 1 2.75 3.00 5Ms 1951 .F&A 4Mb Impt Oct 11942—A&O 4Mb 1939-1954— .J&J to3"40 % to 3.75 less Portsmouth— '0 2.50 % to 2.80 % 6 0.75 6 0.75 2Mb 1939-1957 , to 2.35 1.75 4M% April 1941-47 4Mb 1939-1972 5% Water May 1952 5% Port Terminal May '52. 5M% School Oct 1901 Petersburg 4Mb 1952—.A&O n't 93 4Mb 1939-1970———-J&J 6 1.00 4s 1942 opt 1922 J&D 100 3 Ms 1939-1952 A&O 6 1.00 4s 1953-1977 A&O 6 3.40 -M&N 6 2.00 to Norfolk— 3s Jan 1 1939-1948 3s Jan 1 1949-1958 3.60 1.00 to 3.65 % to 3.00 % 1939-1950—J&J / Flat price. \ 1.90 0.75 2.80 4Mb 1948 4Mb Feb 1953 3.75 A&O A&O 4s School 1939-1951—J&J b Basis. 1.90j. 0.60'5f Newport News— to 4.00 1954.M&S 5s 1939 -v.... 5s 1940-1965— to 3.25 F&A 0.40 70 0.40 \ 7o 4b street Nov 11941..M&N to 3.50 3.50 6 1.75 ..—F&A 91 J&J J&D — 4M> 1939-1970 4M 1939-1945 3 Mi 1»43 to 1946 SsFeb 1 1947 96 4Mb Pub Impt 1946—.J&J 4 Ms Water 1951 J&J 4s Pub Impt 1939-1959.J&J TEXAS to 3.25 May 1 1943- 50—M&N Ref 4s Aug 1 '43-*49. —F&A to 3.75 Lynchburg— m to 3.00 Due I to 2.40 2.15 1962 Refunding 1939-'46—J&J Henrico County— School 58 1939-50 4 Ms June 1 1957 2.75 2.60 to 2.75 Tipton County— 4Mb Road July 2 '39-'58J&J 6 1.50 Washington County— 6% Fdg Jan 1 1954—J&J 6 4.00 White County— 5M% Highway 1955—M&S 6 3.85 is Albemarle Co 5s 1948 J&J Alexandria 6s 1939-1958-A&O 3s 1939-1973—J 15 & D 15 Arlington Co 5Ms '39-'54 F&A Bristol 5Ms Sch 1939-53 .J&J Charlottesville 5s 1962—M&S 5s Water Impt 1958—J&J Danville— 4Mb Ref Aug 1942 F&A 4Mb July 1 1939-1950-J&J Fairfax Co 4Mb 1945—F&A2 to 1.75 J&D 6 4.75 Robertson County— 4Mb Road 1948——F&A 6 3,00 6 1.75 £ J™ 4s Refunding 1942-1951 J&J fs Refunding 1947-60.. J&J to 2.75 Polk Co 5s 1939-1946 6 1.75 4§s 4jJs Rural Credlt---fie. 3 Mb 1939-48 .J&D 6 0.80 4Mb Oct 1 1939-1949—A&O 6 0.70 . to 2.75 4Mb 1939-1960 to 3.15 1.90 % 2.10 3.20 4 Ms 1939-1968——M&N 6 0.50 4 Ms 1939-1967 J&J 6 0.50 4Mb 1939-1948— M&S 6 0.50 Spartanb'g Co 4Mb*39-'47M&S Sumter Co 5s 1939-1952—J&J 6 1.00 to 1.50 % 5s Rural Credit '39-'40~A&0 6 2.0a less 1 6s Sept 1941————M&S to 1.50 5s June 1 1939 ....-..--J&D 6 1.00 15 1939-1940—J&J15 6 1.00 to 1.50 5Ms Jan 15 1943-. J&J15 6 3.10 less 1 Rural Credit 1942-J&J 6 2.30 less 1 to 3.25 VIRGINIA to 2.80 Dallas— 5s 1939-1960 SOUTH DAKOTA to 2.90 2.60 9,70 4s (Commonwealth) 5Ms Impt Apr 10 1956-1965 6 3.25 Corpus Christi 5s fd '67.F&A 100 York Co 4Mb to 3.25 to 3.00 to 3.30 5s Sept 1 1939 5s Nov 1 1943 6 0.50 6 0.75 6 3.00 6 2.00 A&O Burlington— 4Mb City Hall 1940-55.J&D Rutland (School Debt)— 4s 1939-1948 F&A to 3.00 6 0.50 6 1.50 198M#W STATES—See 4s Ref 1946-1905 „ 3.00 Brazoria Co— Spartanburg^r to 1.50 VERMONT 3.40 6 0.50 to 2.25 to 3.00 to 3.25 0.75 103 2.70 3.00 to 3.00 6 2.00 — to 3.25 6 0.75 6 1.25 6 0.50 % to 2.65 to 2.90 to 2.65 to 3.85 6 0.75 19 and „ 103 6 1.00 6 0.50 4M* 1967 M&N sewer 1939-1948--.J&D 6 0.05 2Mb sewer 1949-58--.J&D 6 2.70 Kershaw Co—■ 5s Highway 1939-1946-F&A 6 1.50 3s to 2.50 to 3.75 Salt Lake City S D— 4s May 1 1949 M&N 6 2.10 2.30 5%-2M% Refund '58.M&N Salt Lake Co 4Mb Apr 1 1942 1.10 101 to 3.50 6 0.50 6 0.50 J&J 4Mb Hospital '39-'50—J&J Beaumont— 5s Water Works to 2.60 5Ms April 1 1941 1.00 J&J 4Mb Road 1939 0.60 J&J 4Ms July 11939 J&J 6 0.60 Ogden 4M% 1939-1945-F&A 0.50 Salt Lake City— 5s Refunding 1941.. J&J 6 0.85 4s Ref 1939-1945 0.50 A&O 96 100 td 2.50 to 2.75 UTAH 104 6 2.00 to 4.00 6 0.75 pages 3.00 to 3.00 to 2.60 to 3.20 6 1.50 5s Water Works 1942..J&J 6 2.25 4Mb Water 1939-1968—J&J 6 2.00 Wichita Falls— 3 M % to 4 M % due 1969 94 to 3.25 Nashville— 6s 1939-1942 A&O 6 0.50 5s March 1939-1960- -M&S 6 0.50 5s Memorial Sq '39-50-M&S 6 0.50 4Ms High Sch 1940 3.75.Vo 2.15 3.00 3.60 b 1.00 6 3.15 - 4 Hs funding 1941 .....J&D 6s Fund 1939-1961—M&N 6 Par 4Mb 1939-1967 J&D b Par to Brattleboro— Montgomery Co—5s Cumber¬ land River Bdge 1953.F&A to 98 to 3.10 Waco— 80 Madison County— J&D b Par J&J A&O to 6 0.75 F&A 6 0.75 5Ms W W 1939-65—M&N 5s Sept 1939-1959 M&S 5s St Impt Dlst No 2 1943— 4 Ms 1939-1967 J&J 4Ms 1939-1968 F&A 3s July 1 1939-1951 J&J San Antonio S D 5s '50—F&A 2.50 2.40 101 to 3.50 6 2.00 6 0.75 • 3.90 3.90 b 3.75 to 3.50 to 2.50 90 95 County— 4Mb Bridge May 1 '51 M&N b 3.50 Refunding 6s Jan 1 1958 Obligation 4Mb 0.75 0.75 Houston S D 5s Feb 19521111 6 2.00 4Ms 1939-1951 J&D 6 0.75 Palestine 5s Sch Aug 11939. 1944, '49. '54. '59. '64— 6 1.75 Knox General Obligation 4 IMS— to 1.75 to 2.25 4.40 General J&D M&N 4Hs 1950 4 to 3.60 1.90 84 98 1.00 1.50 6 1.00 2.65 100 103 96 98 99 Apr 10 *39-'56.A&010 4M# Impt 1940-55(s-a) .J&J 4.50 4s to 3.25 2.10 0.50 6 4.75 to 1.25 Pawtucket— to 3.60 to 2.50 6 2.85 6s July 11943 6s April 15 1946-1947 to 3.50 to 2.25 .60 2.70 to 3.50 0.75 to 2.65 6 2.30 6 2.20 Refunding 4Mb Jan 1 1958Refunding 4Mb Jan 1 1958. Refunding 5s Jan 1 1958 2.25 3.15 0.75 6 1.25 to 3.25 4 Ms, 2.00 Net Houston— 4 Ms Sept 1939-1952—M&N 6 0.50 4MB 1939-1957— J&J 6 0.50 6 1.00 6 Q.85 4 Ms Dec 1 1939 4 Ms bridge 1944-1945 4 Ms Knoxville— J&J 4Ms Mar 15 '39-73-M&S15 5s 1939-1942 A&O 4s Mav 2 to 2.90 less b 4 60 1940-1958 Hamilton County 3.75 4M% Refunding 1957.A&O 3.20 5% Bridge 1944 Jackson— 4Mb Ref 1939-1948—J&J b 1.00 Johnson City— 93 5 Ms Impt 1939-1946—J&D 2.00 to 2.60 to 6 2.90 6 1.00 Ask Harris Co— 5Ms road-. Chattanooga— 4Ms School 1956-. A&O 4Mb Memorial Aud '52M&N 6s Hospital 1954 M&S Cocke County— 4Ms Road 1947 opt '39-J&J Davidson County— 4 Ms Highway 1947—J&J 5% Co Memorial *39-'50 J&J Dyer Co ref 3M-4Ms 1965... Fayette County— 4Ms Road 1958 -J&J Gibson Comity— RHODE ISLAND 1% Relief 1942-1943—M&S 1H% June 1 1939-1943—J&D b 0.40 3% Public Wks 1951-56-M&S b 2.00 4s Charit Inst 1965.M&S 4s June 1 1977.. 2.75 J&D 2.10 to 2.35 Carter County— 5s funding Jan 1 1959-- J&J 102 -J&D ——J&D 6 2.50 4s 1940-1955 4 Ms 1940-1967 ho ..——.A&O 2.20 2.40 2.20 Sept 1 1946 3Ms 1948 to 2.60 to Fort Worth— 5s 1951 5s 1939-1959 To or Bid 6 2.40 J&D 6 2.60 6 2.35 6 2.25 J&D 6 1.50 2Mb 1947-1948--.- 2.50 to 95 Bonds 4Mb 1939-1971 —F&A 4 Ms 1939-1964 F&A 4s Refunding 1941 J&J Ind Sch D 4s '39-'64—F&A 3 Ms Nov 1 1939-1967-M&N Galveston— 5s Grade Raising 1944.A&0 5s School 1939-1954—M&S 5s 1939-1956 A&O Grimes County— 5Ms Road. 1939-54-A&0 10 3 Ms Sept 1 1944— 3 Ma Sept 1 1945— td3.20 4Ms 1939-1940 J&J 6100 J* 4Mb Impt 19464945—J&J b 2.00 York 4Mb 90 38 to 2.50 b 1.80 b 1.00 98 65 TENNESSEE 102 6 1.80 60 Net 80 94 5Ms Dec 1 1940 101 b 1.90 75 Stanley Co refunding 4Mb to 2 .20 to Ask Perkins Co refunding 3-4s School District— 2MB 1939-1963—-J&D b 0.40 Reading 5s Impt 1943-49-J&J b 2.25 Schuylkill County— ► 4KB 1939-1955. J&J b 1.75 Bid Corson Co 5s fd 1939-'47 M&N Jackson Co— 4 Ms fund 1939-'47_M&N15 Philadelphia (Concluded) 105 4 Ms 1976 opt 1946 4 Ms Dec 171978 J&J 106 4s July 1939 J&J 101 4s July 1942 — J&J 103 106 4s Jan 1 1940.. J&J 104 4s Feb 16 1955 J&J 105 4s Nov 1 I960 —J&J 107 & 4s July 26 1972 —J&J 102 100 3 M» July 1 1986 opt 1956 Philadelphia School Dlst— 0.60 to 2.65 4MB 1939-1943 .-J&J 2.50 to 3.35 4M» 1941-1959 SM&N 0.60 to 3.40 4M* Apr 151939-58.A&015 0.50 to 2.25 4s 1939-1942 J&J 0.50 to 3.25 4s 1938-1950 J&D Operating Revenue— 1Mb Apr & Oct 1939-1941 6 0.50 to 1.65 Pittsburgh— 4 Ms 1939-1950 J&D b 1.50 to 2.50 4s 1939 -J&J 2 Ms Sch Dist 1939-62-A&O 6 0.50 100 2 Ha July 1 1939-1956--J&J 100 2 Ms Feb 1 1939-1958-F&A Public Works Relief— 4K% 1953 -.—J&D 5 2.80 Bonds Net Ask to 2.75 0.75 0.75 to 2.40 0.60 0.75 to 3.25 0.75 to 3.25 % 6 1.00 to 3.40 % to 2.50 I I JAN., 1939] STATE Quotations for all securities AND are as near as MUNICIPAL BONDS Yield Basis Bid Yield Basis To or Bonds Ask 1951-52 b 2.30 3}*% Gen oblig Olark Co 5}*s m p52 opt *33 A&O to 1.10 to 1.75 to 2.60 to 2.60 to 2.60 101 43*s Gen oblig wat_1939-59 b 1.75 5s Water ref--—1939-45 ft 1.50 33*s Water ref-—1939-39 b 1.50 2Kb Water ref—1940-42 6 2.00 •King County— 4&s Bridge 1939-49.M&N 1.75 4}*s 1939-1950 M&N 1.75 Pierce County— 454 B 1939-1944 1.00 Port of Seattle 5s '39-'55 M&S 1.25 1.25 43*s Jan 1939-1955 J&J 6b 1939-1941 L & P—A&O 6 2.00 A&O 6 2 00 to 2.75 to 2.00 to 3.35 58 Wat rev to to 2.60 WISCONSIN 2.25 to 2.50 Eau Claire 43*s 1939-1944. J&J 6 0.50 Green Bay— to 2.65 to 2.65 to 1.80 6 0.50 to 1.90 1939-1947 A&O to 3.10 % 6s W W 1939-1960 M&N Madison— 2.00 43ns 1939-1949J&D to 3.10 % Milwaukee—5s 1939-'40.-J&J 43*s 1939-1945 J&J 1939-1951—J&D 6 1.25" 4s WEST VIRGINIA to 3.25 5s Highway 1939-1946—J&J 43*s 1945-1954 J&J 454s 1939-1943—— J&J 4s 1939-1950 J&J 4s July 1948-1952 —J&J 354s 1951 and 1952 J&J 33*s 1943-1952 J&J 3s Sept 1. 1939-1946 M&S 254s Sept 1. 1946-1960—M&S 2 3*s Nov 11939-1962.._M&N 234s May 1 1944-1962 2s Road 1939-1963 J&D to 3.25 3.50 to 4.50 6 2.70 to 6 1.75 to 2.00 6 2.50 to 3.30 6 1.75 to 3.35 to 4.50 6 4.25 6 2.25 to 4.50 6 3.00 6 2.70 to 4.15 to 4.40 to 3.20 to 3.25 6 0.50 to 1.90 ft 0.50 to 0.70 6 0.50 to 1.75 J&J 6 0.50 to 1.60 ft 0.50 to 2.25 6 2.20 6 0.25 to 2.40 to 1.10 Racine—434s 1939-'57—M&N 6 0.25 to 2.00 6 2.10 to 2.30 1939-1941 F&A Racine Co 5a 1939-1940--J&J ft Tio' to2"30 43*s 1939-1950——J&J Superior 434s Sch '39-'44-J&J 6 0.25 6 1.80 to 1.80 1.00 6s to 2.00 1 to 1.60 to 1.90 to 3.25 1.00 to 2.50 1.25 1.00 1.00 to 2.50 to 3.00 to 3.50 to 2.15 6 0.25 6 1.50 to 2.15 6 0.30 to 98 WYOMING to 2 .15 154s Road 1950-1951——J&D 6 1.85 1.40% July 1. 1939 J&J Charleston 4 J*s '41 opt '27J&J '16034 to 4.15 1939 1944 6 1.00 Milwaukee Comity— 434s Ct H'se '39-'50 M&N 15 ft 0.50 43*s Sew Mar 12 1939-1945- 6 0.50 4}*scourth'se '39-49 J&D16 0.50 to 3.25 are as near as 4s Road 1951 opt 1941 Natrona Co S D No 2— to 1.95 5a J&J 6 0.50 6 1.25 1.00 J&J 6 1.00 to 2.25 A&O to 2.75 6 0.50 1939-1944 to 2.80 possible for the closing day of the month preceding the date of issue. Surplus Capital Unearned Premium 1937 Reserve Surplus 31. Ask. Per Aetna Insur (Hartf) Aetna Life (Hartford) 10 Agricultural (Watet'n) 25 — Amer Alliance (N Y). Amer Equitable (N Y Amer Fire (Wash'ton Amer Home Fire(N Y\ 10 10 5 100 10 (Newark Amer Reinsur (N Y)_ Amer Reserve (N Y)_ Amer States (Ind'nap) 10 Amer Surety (N Y)__ 25 Automobile Ins (Hartf) Baltimore Amer (Bit) 10 10 Bankers & Shipp (NY) 100 (Boston) Buffalo Ins Co (Buff) 100 5 Camden Fire (Camden) 3,000,000 7.500.000 15,000.000 3,000,000 3,000,000 1,000,000 200,000 1,000.000 3,343,740 1,000,000 1,000,000 300,000 7,500.000 5,000,000 1,500,000 1,000,000 3,000,000 1,000.000 2,000,000 14,075,487 15,600,498 18.326,607 4,014,483 3,103,032 2,868,502 358,810 1,064,482 10,042,548 3,028,762 1,289,054 301,393 4,072,585 7,185,126 1,426,661 1.582,925 14,706,570 2,197,738 4.221.644 112}* 116}* 47 3* 493* 15,222,624 20.016.996 6,655,795 5.356,163 1,945,247 4.430,055 77,748 841,394 11,982,022 1,185,624 2.188,793 934,306 5,941,659 9.028,811 2,484,927 3,303,633 4,694,847 2.276,425 5.235.713 29 77 22J* 263* II* 120 6}* ~~7% 12 J* 41 133* 43 28 293* 28 30 52 54 34}* 36}* 6 _6 3* 92 600 95 610 340 385 19}* Nat'l 21}* 500,000 745,006 784.722 5 400,000 1,500,000 498.031 889.159 2,526,605 20 2,808,328 38,822,179 6.210,523 188,156,229 3.695,297 22.263,915 70 10 24 100 Conn Gen Life (Hartf) 10 Continental Assurance 10 Casualty (Hammond, Ind)._ Continental Ins (N Y) 23* Eagle Fire (Newark)Employers Re-ins(KO) Excess Ins (N Y) Federal Ins (Jer City) 10 Fidelity & Dep (Bait) 20 Fidelity-Phenix (NY) — '16 10 20 Flremans Fund (SP). Fire mens I us (Newark) Franklin Fire (Phila) General Reinsurance. 25 Georgia Home 10 Gibraltar Fire & Mar Glens Falls Insurance 10 (Glens Falls. NY). Globe & Republic Globe & Rutgers Fire. 5 _ 2d preferred Gr Amer Indemnity 2,000,000 3,000,000 1,000,000 Hanover Fire Hartford Fire 5 5 5 5 15 15 1,750,000 5.013,966 5,000,000 51,759,596 815,000 445,769 1,500,000 2,500,000 755,095 605,381 4,000,000 10,519.950 2,400,000 5,515,051 3,750,000 40,351,755 1,000,000 1,558,499 2,000,000 9,422,201 300,000 334,421 7,500,000 13,142,938 9,376,690 7,232,618 3,000,000 6,880,363 1,000,000 5,285,913 500,000 684,304 1,000,000 905,995 2,500,000 1,000,000 1,200,000 t959,745 6,591,820 1,345,528 6.584,985 1 (New York) Great Amer Ins (N Y) Halifax (Halifax. NS). (N Y)_ (Hartf) 1,000,000 2,802,013 8,150,000 22,399,846 10 2,000,000 1,702,507 10 4,000,000 5,213,048 10 12,000,000 47,714,286 5 10 (Hartford) Home F.re Security.. Homestead Fire (Bait) 3,000,000 6,429,741 5 15,000,000 38,657,540 10 10 1,000,000 4,932,000 1,000,000 2,736,467 200,088 402.971 200.000 10 Importers & Exporters (New York) sas City. Mo) Knickerbocker (N Lincoln Fire (NY) No par valua. Ask. Nat'l Liberty (N Y)._ Nat'l Union (Wash).. Nat Union Fire (Pitts) Amsterdam Cas share 10 12,000.000 54.240,005 38}* 35}* iH 49 6H 7 42 K 116 J* 1 34 34 32 60 28 81}* 8}* ilH ii* 62}* (Baltimore). New Brunswick 916,498 29 X 1,000.000 1,000.000 210,000 6,162,223 2,051,004 161,527 94,734,162 1,939,435 166,918 5 5 t Consists of $366,870 $4 cum. 5 20 23}* 22 X « x 66* 83* 24 J* 223* 30}* 72h 45}* 123* 718,360 1,137,150 640,670 1.519.452 1,000,000 733,549 750,000 750,000 5,000,000 20.031,369 4,000,000 7,061,655 100,000 325,721 1,100.000 5,071,361 1,104,343 863,183 15,336,951 6,687,915 99,794 7.211.703 3X 46 115 25 8X 4 27 X 603* iP 112}* 118 2 l.oqo.ooo 4,000,000 5,902,149 11}* 11}* 1,000,000 1,403,713 1,707.901 30}* 32}* 10 3,000.000 8,430,465 1,000,000 2,064,269 2,000,000 12,030,562 1,000,000 4,581,784 4.414,095 2,198,357 5,811,786 4,746,269 44}* 463* 17 3 18}* 103* 67 37 340 9}* 2h 39}* 25 1.000,000 2.809,172 10 3,000,000 5.284,542 20 22 253* 27 X 921,333 712,088 946,721 2,349,153 1,384,273 1,525,045 23 243* 1,000,000 1,683,639 1,500,000 923,767 4,000,000 23,309.581 1,000,000 651,498 1.000,000 1.000,000 1.000,000 3,244,267 836,660 3,084.449 9.303,853 658,242 740,619 4.203.693 | Peerless Casualty.. Phila Life (Phila) Phila Nat Ins (Phila). Phoenix Ins (Hartf).. (New York) - _ _ 10 1,000",6o5 2,55b"505 10 2,000,000 1,000,000 1,000,000 8 2 "83* 23* 16 77 81 1,798,467 183* 20 X 4.529,207 33 X (Hartford) 10 5 10 5 25 10 10 10 2.986,748 73* 25 5,000,000 12,485,056 12,004,391 500,000 741.327 6,861 2,000,000 18.118,207 58.851,773 Ass'nceJOas) Travelers Fire (Hartf) 100 20,000,000 28,057,816 784,893.059 U 8 Casualty conv pref 2 1,000,000 1,721,455 2,395,134 U S Fidelity & Guar¬ 2 anty (Baltimore) 2,000,000 6,005,215 14,377,490 U S Fire (New York). 4 2,000,000 16,277,857 9.773,756 U S Guarantee Co 10 2,000,000 4,253.298 2.817.550 Unlver Ins (Newark). 8 400,000 1,007,164 387,306 Virginia F & M (Rich¬ mond) 25 1,000,000 934,590 625,063 West Coast Life (S F) 375,000 5 1,042,256 21,698,853 Westchester FireCNY) 2H '1,000.000 8,163,259 5.445.542 Wisconsin Nat Life 10 400.000 537,348 6,890.470 Sun Life im 1173* 14 14}* 554,995 8,255.808 2 (Phila).. Republic (Dallas) Revere (Paul) Fire Rhode Island (ProV). Rochester American (Rochester) Ins 25}* 10}* 114 130 Washing¬ (Providence) ReinsuranceOorp(NY) ton Rossia 11,958,021 126 Accident Preferred Security Ins (N Hav). Springfield Fire & Mar (Springfield, Mass) Stuyvesant Fire (N Y) 55}* 23}* 10 5 10 10 10 9}* 25}* 23 h 32}* 74}* 403* 575,705 5,317,985 802,908 17,345,695 3.357.453 30,667.113 117,498 Pan-Amer Lire (N O). St Paul F & M (St P). 32 917,667 28 1003* 10 25 Fire Seaboard F & M (NY) Seaboard SuretyjNY) 53 3* 1,000,000 98 (Milw). (NY)... Old Line Life Pacific 29 30 10 25 10 15 263* 2,000,000 5,240,607 1.000,000 2,250,533 1.000.000 1,106,461 1,000,000 2,335,991 1,000,000 942,240 400.000 405,645 700,000 220,322 1,000,000 2.054,726 6.000,000 38.182,317 69 35}* ' 50 10 Fire (Minneapolis) NorthwesternNational (Milwaukee) Occidental Ins (S F).. Reliance Ins 45 21K 22M 21,114,464 1,901,658 4.897,527 4,059,443 Hampshire Fire Providence "83}* 43 X 2 1,000.000 2,512,137 7,406,132 New 38 2% 81,084 35 Northwest Fire & Mar 35 1,222", 065 20 2 75 27 X 38 8,719,926 51,585,447 2,205,218 395,019 5 10 10 25 H 3,994,343 13,502,357 1,059,053 4.805.714 38,201.787 1,444,670 11,531,659 Insurance (Providence) 36 6.561,640 2.553,973 1,442,339 100 Y) Merchants National Cas (Detroit) National Fire (Hartf). (Manchester, N H) 8,418,754 20,522,705 1,097,509 3.851,702 441,123 2,724,679 6,364,068 15.367.997 3,402,136 9,317,827 254,220 12,954,358 12,995,622 7,676,380 2,363,558 1,126,382 1.445,326 1,967,908 4,773.543 1,000,000 New York Fire 5 North River Ins (N Y) 2}* Northern Ins Co(N Y) 12' 2X Insur Co of Nor Amer (Philadelphia) Jersey Ins Co of N Y. Kansas City Life (Kan¬ (Newark, N J) 33* 213* I Hartford Steam Boiler Home (New York) Home F & M (SF)__. Bid. Merchants & Mfrs Fire New Continental Fidel & Guar (Bait) Fire Assoc of Phila Fireman's (Wash'ton) Cas'ty (Phila) 10 1,000,000 Maryland Casualty 1 2,544.798 Mass Bonding & Ins (Boston).. 12' 2,000,000 Merch Fire Assur/com! 5 12.500,000 (New York) \pref 100 Merch Fire (Denver). 10 400,000 25}* Life (Boston) Reserve. Premiun. Per (NewBrnns. N J)._ 10 Central States Life (St Louis) City of NewYork(NY) Capital share (Wilmington N.O.) Par Manufacturers 10 (Hartford) Unearntd 1937 Dec. Bid. Aetna Casualty & Sur • 2.10 to 2.75 % to 2.80 Dec. 31. Columbian Net / Flat price. Par Carolina 1.50 2.00 1.50 2.60 534s G O sewer 1939—M&N Quotations Boston Ask 5s Wat Wks 1939-1952.J&J 6 0.25 to 2.00 Yakima— to 3.35 jClarksburg 5s 1939-1953.A&0 Amer Insur to 2.20 6 1.25 434s Charleston S D— 5s 1939-1952 6 Basis. % 2.«0 % 3.00 % to 3.15 4}*srefwat 1939-1954-J&J 6 1.25 to 2.40 6 3.60 M&N 6 2.70 1946-1950 to Bid Clarksbg S D 5s '41 ep '21M&S 61.50% Hancock County—5s Grant Road Dist *46 opt '32_M&N 100 Huntington 5s 1944 Oct 62.2 Mercer Co 5s '44 op '24 A&O 15 1003* Morgantown 5s 1939-1948.J&J 6 0.50 Wheeling— to 2.80 to To or Bonds Net 2.70 3.35 1.25 2.00 1.50 1.50 1.50 Walla Walla— Seattle School DIst No 1— 4s 2.90 4^4s Water '39-'43 (s-a)J&J 454s EIL&P *42-'46(s-a)J&J 454sEIL&P'39-51(s-a A&O 4s Water 1944-1946 J&J to 3.40 Revenue Bonds— 3)*s 1939-1954 Ask Tacoma—Revenues— •Everett— „ Bid Spokane— 4}*s Park 1962 J&J 4s & 4}*sref 1939-51--J&J 3J*s Ref 1943-1954 —J&J 43*s 1939-1954 M&S 554s 1939-1953 J&J 5s Imp—Mar 1 1939-1942... Spokane Water Revenue— 4^8-4^8 1939-1941—A&O Refunding 6s 1953—M&N 5}*s L & P 1939-1943-M&N 5« Light & Pow 1942-56A&0 454 Lt & Pr 1939-'58—M&N Gen oblig 4}*s *39-'40.A&0 4}*s 1941-1955 A&O 454s 1939-1957 A&O Kl Munic Lt & Power Rev— 454s 1949-1968 A&O 4s 1939-1953——M&N 354s 1943-1953 A&O Yield Basis To or Bonds Net WASHINGTON 6s Gen Fund 1939-1940—J&J b 1.00 43*% Gen oblig 1939-1943J&J b 1.00 4% Gen oblig———1948-50 b 2.30 3k % Ged oblig 1950-51 b 2.30 99 possible for the closing day of the month preceding the date of issue 4}* 24 4}* 227 5}* P 6 26 5X 231 63* 27 29 29 30}* 1183* 121}* 5 3 100 410 460 450 460 380 10}* 2H 1st preferred, $517,879 $5 2d preferred, and $75,000 $5 junior preferred stock. 7 4 73* 19}* 513* 60 11 37 4 39 333* 7X 35}* 15 17 Banks & Trust Companies STATE AND NATIONAL BANK STATEMENTS Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, and are possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes as near as sales. Comptroller's last call; for all other insti¬ For Figures of deposits, capital and profits for the National banks are from the tutions they are the latest obtainable, direct returns the Clearing House banks of New York, deposits are National Banks State Institutions Surplus & Profits Capital National Banks Sept. 28 ALABAMA Sept. 28 Sept. 28 Par Bid Ask Birmingham— 125,000 i 105.000 50 1,050,000 Surplus & Profits Capital 25,722,067 \ 20 1,194,217 J25 \25 a 50 100 54,494,902 Bid Par Ask 1,000,000 225.000 34 16,323,560 3,039,295 N 100 50 o cent les Los Angeles— California Bank— 5,000,000 [3.327,376 103,960,310 900,000 Common 31 762,466 218,564 re sa (100 _ Gross Deposits Long Beach— Western Tr & Sav Bk d 500,000 11,240,575 Preferred al,767.600 81,700 Industrial Sav Bank, d 125,000 e First National Bk— Common 1,437,647 3,000,000 Preferred 6.550,000 Sept. 28 Nomi nal. Per share„ Farm & Merch Bank Sav Common State Institutions CALIFORNIA Oross Deposits Nomi nal. Per share. Bank for Sa vs. & Trts. d Birm'ham Tr & being procured by us where no periodic statements are required. taken from the latest weekly statement. Preferred 4,305,000 114,349.266 5,479,949 120,093,204 21 J25 (40 100 22 Citizens Nat Trust & 5,000,000 3,000,000 Savings Bank Farmers & Mobile— Nat Mer 20 22 21** 360 370 Secur-First Nat Bk— Amer Nat Bk & Tr Co First Nat Bank Merchants Nat Bk__ 25 375,000 1,000,000 1,000,000 161,960 1,395,176 1,568,997 2,411,098 22,857,679 19,012,662 20 56 58 300,000 1,000.000 253,260 809,930 3,905,126 16,669,988 10 10 12 12** 13** 100,000 50,000 93.464 Common 25 Preferred Union Bank & Trust- 24,000,000 130362694 564,308,698 9,000,000 2,500,000 2,867,919 37.956,485 (25 41** 42 loo" 50 Oakland— Montgomery- Bank of Commerce._ Alabama Nat Bank, First Nat Bank 12** Central Bkof Oakland Farmers & Mer Sav. 328,850 2,000,000 300,000 60,149 2,361,451 287,247 800,000 400,000 600,000 150,000 300,000 50 2,066.107 48,002,761 10,816,869 100 511,361 5.754,225 100 812,846 13.931,799 25 Union Bk & Tr Co— Common,.,.,,, Preferred-- 2,025,237 /7** 15 Pasadena— Citizens Coml Tr & S First Tr & Sav Bk— Common Selma— City National Bank, People's Bk & Tr Co, Selma National Bank Selma Tr & Sav Bank Preferred 233.070 400.000 120,000 200,000 350,000 94.838 2,500,405 1,518,887 1,481,682 1,467,052 100 100 95 25 Pasadena-First N Bk 131 25 j 25 52,490 260,160 2.013.272' 20 3,587,760 100 N o 100 re cent 145,000 29,602,124 1,847,389 5.576,878 1.324,208 100 177,858 153,788 81,580 100 sa les 175,000 115,394 3,707,469 100 First Nat T & S Bk_. dl ,500,000 San Diego Tr & S B 611,901 25,451,312 250,000 490.000 600,000 942,414 12,858,829 Security Tr & Sav Bk 8,597,106 3,182,752 "95" 200,000 214,940 46,557 100 United States Nat Bk 210,042 132.850 100 100 5,626,324 204,226.417 8,264,794 112.026,517 20 80 185 Security Nat Bank.- 100 100 Sacramento— 961,250 50,000 246,000 Capital Nat Bank Citizens Bk of Sacra- Merchants Nat Bank Sumitomo Bk of Cal- 1,686,550 100 San Bernardino— American Nat Bank. d 100 San Diego— National Banks State Institutions ARIZONA Sept. 28 Common Sept. 28 Preferred 10 Q J 2 25 2H 95 105 125 135 Nomi nal. San Francisco- Per Bisbee— 217,452 250,000 Miners & Merch Bk. 3,992,154 Anglo California National Bank 15,400,000 Bank of Calif, N A._ 6,800,000 Bank of Amer Nat Tr 100 550,000 896,093 14,821,333 t 20 Phoenix Sav Bk & Tr 247,500 164,668 4,224,165 t 25 600,000 1,215,200 Jl.339,004 33.752,634 15 16** 250.000 463,205 N VaUey Nat Bank— re Common Preferred-..--— sa 1225 i I 1 1 i i American Tr Co— Tucson— Sou Arizona Bk & Tr 8.386,825 Common 100 Preferred 7,500,000 7,500,000 - [6,908,072 268,775,426 San Jose— First National Bank- National Banks Sept. 28 ARKANSAS State Institutions Sept. 28 600,000 907,175 Santa Ana— Commercial Nat Bk. dl45,000 132,464 Fir8t National Nom inal. Fort Smith— City National BankFirst National BankMerchants Nat Bank Per share. 299,000 500,000 500,000 2,843.732 6,854,128 8,900,524 300,000 200,000 Little Bock— Commercial Nat'l Bk Peoples Nat'l Bank Twin City Bank 86.990 517,567 588,795 490.056 114,822 41,418 9.313,454 3.582.725 1,306,541 20 49 28 32 J 455,664 9,901,334 120 35 38 340,401 16,571,687 No 100 25 re cent sa les 100.000 Common 300,000 25 Preferred 185,500 669,000 d W B Wort hen Co Union Safe Dep Bk_. 200,000 1.000,000 375,000 50.000 I 50,000 94,636 945,869 125 1100 4.465.572 9,655,886 2.367,516 100 100 N o re cent 100 sa les Sah price. Outstanding preferred stock consists of $1,067,600 1st pref. of $20 par $700,OOO of 2nd pref. stock. d Common and c Savings deposits. preferred stock outstanding. / June 30. 1937. May 19. 1938. 100 ' Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust & Savings Bank of San Diego, Calif. 2.113,106 f 100 \ 100 10,688,187 1,601,431 12** 10,581,995 (100 538,490 1,004,802 134,711 g 400,000 275 value and retirable at $50 a share, and e — 260 50 Pine BluffCommon } 152.434 6 June 30. 1938. Nat B of Commerce Simmons Nat Bank. 48 t Controlled by tue Transamerica Corp. of San Francisco, Calif. a 120 100 32** 45 Stockton— First National BankStockton S & L Bank * Union Nat Bank— 564,700 435,300 Preferred 52 25 100 10,507,732 ^20 29 Bk— Common Preferred-,,.- 10J* 200 35** 50,000,000 61,654.434 1330290618 33** 1,500.000 /2,217,422 18,854.965 100 104,389 2,715,554 500,000 212 216 Bank of Montreal 100 257,438 4,588 721 1,000,000 174 171 Canadian Bk of Com 100 570,739 20.961,385 1,300,000 325 300 Crocker First Nat Bk 100 6,000.000 8,111,441 132,117.936 The San Fran Bank6,000,000 &8.772.713 158,165,238 1000 11,500 12,000 100 115 Pacific Nat Bank 7,843,614 100 367,003 1,000,000 Wells Fargo Bank & 286 <N CO O Union Trust Co 100 9,000,000 8,636,337 235,936.001 Yokohama Specie Bk 3,630.310 P 333,254 1,000.000 & Savs Assoc Bank of America Bank of Canton Phoenix— First Nat Bk of Ariz. 10 i Dec. 31, 1937, 335 Jt Sept I Last sale price. p Par value 100 yen. n 30 1938. New stock# TEUST AND BAMS Jan., 1939] National Banks CANADA (page DELAWARE Sept. 28 111, Capital Surplus & Profits Sept. 28 . Cross Deposits Par Ask Bid Per share. 305,647 210,000 500.000 3,821,836 1,329,645 625,000 665,088 203,175 798,639 1,000,000 1;500,000 2,958,392 980,302 672,600 4,000.000 11,972.555 Central Nat Bank Farmers' Bank Industrial Trust Co. Union Nat Bank Delaware Trust Oo_. Equitable Trust Oo. Security Trust Co Wilmington TV Co _ Colorado Spgs Nat B Common Preferred class A__ Exchange Nat Bank. First National Bank. 2,008,620 18,413,708 2,555,349 3,138,018 10,697,260 17,077,635 8,719,770 65,117.894 100 110 50 300 83,913 363,186 539,479 283,807 908,744 373,505 803,139 186,036 708,778 192,768 1,816,973 1,877 ,714 8,731 ,193 4,622 ,654 3,533 ,697 24,533 ,202 6,922 ,924 10,467 ,094 5,379 ,979 9,817 ,731 2,344 ,896 26,675 ,790 25 40 25 70 100 165 25 61 75 "65" 60 130 50 212 100 150 145 220 20 147,546 1,852,555 101,781 100.000 79.000 300.000 300,000 _. Ask Nomi nal. Per share. Wilmington- Nomi nal. $ 60,000 Colorado Spgs.— Colorado Sav Bank.. Bid Par Deposits Institutions State COLORADO Gross Surplus & Profits Capital NatZatl. 28nhs 101 COMPANIES 2,524,181 (100 1100 340,100 430,777 100 6,911,506 10,583,451 100 Nomi nal. Per Washington— Denver— Anacostia Bank American Nat Bk— Common Preferred Central Sav Bk A Tr Colorado Nat Bank Common Preferred Colorado State Bank a 129,044 1,558,706 600,000 60.000 125,425 1,747.320 3,568,256 37,949 n 1,260,000 1,500,000 First National Bank. 100.000 100.000 550.000 500.000 a . a U S National Bank.. International Tr Oo. Pueblo— First National Bank. 600,000 30.000 Mlnnequa Bank a 145,000 City Bank 8,345,304 / 50 1 50 5,340,574 100 a 475.000 Columbia Nat BankBank of Oomm & Sav 250,000 100,000 1,000,000 500,000 Hamilton Nat Bank. 1.000,000 Denver Nat Bank National City Bank. Union National Bk 569,746 I 300.000 150,000 350.000 23,395 2,298,048 2,208,610 Liberty Nat Bank 37,979,249 (100 1100 1,653,822 100 50 32,234,459 53,602,651 100 1,172,935 822,788 "100 27,228,814 100 15,517,982 100 N Lincoln Nat Bank McLachlen Bkg Corp o re cent sa les 1,449,474 134,851 18,251,155 2,005,260 Common Preferred 63.100 4,750,000 100 218 100 265 20 100 AI* 172 100 50 30% 200 196 75 125 100 100 135 100 240 3,000,000 14,876,933 100,933,919 (100 \100 1,217,500 60 8,222,335 408,679 565,000 100 7,941,355 318,913 a 588,000 3,400,000 5,046,898 49,824,185 100 268 (100 100 Income debentures Munsey Trust Co Union Trust Co Wash Loan A Tr Co. 1100 55 National Banks 265* 197 205 (100 5.651.057 100 50 80 100 225 10,184,466 22,441,474 mmmm 88 240* Institutions Slate FLORIDA Sept. 28 135 250 16,696,201 1,000,000 12,090,430 500,000 1,231,150 2.000,000 1,000,000 rl,754,055 1,000.000 2,450,529 280 101 a Nat Sav A Tr Co— Common 100 100,000 200.000 share. 17H Riggs National Bank Pueblo Sav & Tr Co Common........ Preferred 345,000 a Nat Bank of Wash. cl,000,000 Nat Capital Bank 200,000 Nat Metropol Bank. 800,000 Second Nat Bank Secur Sav A Com Bk Amer Secur A Tr Co. n 400.000 10 Sept. 28 Nomi nal National^Banks CONNECTICUT State Institutions share Per Jacksonville- 257,484 I 114,000 1,395.674 5 21,270,214 I 17M 40 1,500,000 25 26,851,467 25 113,182 8H "40" brl* 50 30 32 80 90 100 165,000 99,500 232.296 300,000 209,540 1,313.900 East Hartford Tr Co 150,000 1,150,000 100,000 4.000.000 100,000 1,600,000 100,000 Hartford-Conn Tr Co 4,000.000 Preferred 1,606,065 (25 U00 25 40 | 30 24 First National Bank. Glastonbury Bk & Tr Hartford Nat Bk & T Industrial Bank Paoenix 8t Bk & Tr. Park Street Tr Co Riverside Trust Co. 957,060 141.593 4.603.580 201,999 1,992,766 139,386 4,321,106 201,811 174,397 138,294 100,000 250,000 125,000 . Simsbury Bk A Tr Co So End Bk&Tr CoCommon.... 50,000 50.000 500.000 Preferred Travelers Bk & Tr Co West Hartford Tr Co Windsor Trust Co I 61,811 798,579 282,392 129,921 200,000 100,000 3,072,235 7,800,775 13,777,928 1,636,783 65,920,983 30 450 110 55 10 60 100 275 25 30 25 26""" 24 25 1,815,229 42,554.546 3.127.788 3,100,207 1,940.979 59 25 855,726 f 25 [100 176,943 1,336,199 25 200,000 i 2,113,927 27,797,588 16,024 7,811,743 1,815,269 100 125 100 125 100 25 100 400,000 100,000 83,760 660,715 77,801 308,146 103,815 100 100 110 300,000 615,082 10,831,537 100 125 135 132,000 I 213,680 40 100,000 230,258 4,335,378 f 20 I 20 4.703,440 100 35 68.000 200,000 874,487 6,546,233 100 400,000 200.000 473,689 158,583 5,324.113 3,286,807 100 185 200 Oit A People's Nat Bk 100 no 125 St. AugustineExchange Bk St Aug St Augustine Nat Bk h 50,000 200.000 31,565 45,963 1,070.033 1,793,737 100 200.000 279,916 5,931.937 25 100,000 1,250,000 37,178 522,256 925,363 828,109 13,196,940 14,668,550 1,579,342 100 100 Lakeland— a Miami— Amer Bk A Tr Co First National Bank. 1.200.000 First Trust Co. Florida Nat Bk A Tr 0 Little River Bk A Tr Beach 65 ""II" 14 43 20 6100 y!65" 100 170 National Bank a Palm Beach First National Bank. Meriden Nat Bank.. Meriden Tr & 8 D Co Puritan Bk & Tr Co- 386,495 65,037 108,283 52,681 25 35 25 20 21 25 15 17 100 5,927,907 1,481,898 5.798 1,304,301 150 175 25 10 Amer Bank A Tr Oo. a 172,106 100 90 a 32 Un & N Haven Tr Co 441,000 920,000 •1,038,717 28,672,558 800,000 750,000 928,839 993.435 8,353.885 13,939,375 170,000 180,000 ,458,700 300,000 45 1100 *126" I 72,761 1,230,298 \ 50 48 50 70 345,904 300,000 270,000 Union Bk A Tr Co.. Wlnthrop Trust Co.. 2,982,483 (100 uoo 14,996,207 100 93 98 490,557 4,816,163 100 1 1 1 e 100 100 106,626 208,962 53,039 2,412.552 1,738.288 873.073 660.00C 200.000 430,723 162,899 2,741,077 1,759,146 Institutions State GEORGIA Sept. 28 Nomi nal. Per 200.000 Common 105,942 3.212.466 4,783,327 n 1,000.000 11,169,613 475.000 o 990.000 Trust Co of Georgia. e2,000.000 n 664,506 2,807,856 609,269 83,968,611 99,831.443 50 re tio 13 14 10 29 30 29,430,389 [100 1100 100 3.384,367 100 27,948,681 240 255 sa les * 25 100 19 110 Sale price. 1,313.300 686,291 1,190,288 11,954,076 5,713,109 9,051,714 100 100 "145" 690 outstanding. b Retirement price. 120 d Member of the Atlantic Group in Florida. 600,000 729,213 12,867.064 100 Affiliate of the First National Bank of Atlanta, Ga. Member of the Florida National Group. 120 155 h Affiliated with the Barnett National Bank of Jacksonville, 155" i March 7, 1938. 100 k New Water bury— stock. I Last sale, n June 30, 1938. 20 0 Due to banks, 32 r Combined statement, Water bury Nat Bk— m m mm | Includes preferred stock or debentures q 145 1,000,000 200,000 700.000 250.000 1 230,718 264,000 1,000,000 2,778,829 300.000 181,392 * t Branch of Savannah. e Citls A Mfre' Nat Bk m cent 100 100 4,779.814 f 25 \ 32 8,236,616 100 3,111,559 100 210 60 f Trust funds. 70 share 100 o Stamford— Water bury Trust Co 1 ----- Atlanta— American Sav Bank. a Thames Bk A Tr Uncas-Merch Nat Bk Colonial Trust Co... 1,041.123 5,081.909 Oitia A So Nat Bank. r5.000.000 First Nat Bank 5,400.000 Fulton Nat Bank- Norwich— Preierrtxi 59,210 272.873 125 53 75 N New London City National Bank Common... • 100 200,000 Sept. 28 Ga Sav Bk A Tr Co.. Nat Bk of Commerce Stamford Trust Co.. 1 100 100.000 d Preferred Fidelity TitleATr Co • 1 1 1 1 1 9 IH 10 lO 1 ~~ National Banks New London— First-Stamford Nat'l Bank A Trust Oo. 100 W est Palm Beach At¬ 36 M5 2,601,828 756.000 preferred Common 150,669 100 f 50 235,000 Oonv preferred Preferred -mmmm 1 Common Prior 44 1 West Palm Beach Fla Bank A Trust Co. First Nat Bk A Tr Co New Haven Bk NBA Second Nat Bank Trademen's Nat Bk n First National Bank- ul ,300.000 First Sav A Tr Co... 500,000 lantic Nat Bank New Haven— 130 mmmm St. Petersburg— Florida Nat Bank Tampa— Broadway Nat Bank Meriden— 500,000 150.000 100,000 160.000 0 First Exchange Nat Bank. Home National Bank 100,000 American Nat Bank. 63 100 10,593,422 3,240,524 1,475,151 100,000 10 21 Pensacola— 25 25 18 CnbiO 0 0 0 0 boo 0 0 0 0 OrlandoFirst Nat Bank— 100 50 304,726 35,520.943 25 Miami Hartford— Capitol Nat Bk & Tr Conn River Bkg Co. 185 v West Side Bank— Common 9 100 Florida Nat Bank 7 100 1,479,846 10 Common 500,000 Preferred 1,470.000 Black Bock Bk A Tr_ a 100,000 Bridgep't City Tr Co 2,200.000 North End Bk A Tr 25,000 Common 1st preferred 125,000 25,000 2nd preferred Common.... 40,536,806 22,562,599 25,700,522 Preferred Florida Bank Nomi nal. Per share. BridgeportFirst Nat Bk A Tr Co 1,122,518 1,335,020 1,192,337 Atlantic Nat Bank.. Barnett N B of Jack. Florida Nat Bank v Oct. 31. 1938. x Ex-dividend. y Stock all owned by Travelers Insurance Co. Fla. — m 710 BANKS National Banks ' 1 GEORGIA Sept. 28 Surplus & Profits Capital AND TRUST COMPANIES Stale Institutions National Banks Sept. 28 Sept. 28 ILLINOIS Gross Par Deposits Bid Ask Surplus & Profits Capital State Institutions Sept. 28 Gross Par Deposits Bid Nomi Ml. Augusta— Georgia BR Bk & Tr 548,073 3,212,466 151,844 $ 8,796,220 83,968,611 2,892,667 814,011 116,135 147,985 45,778 341,960 5,7921691 1,486,213 1,919,462 1,217,774 2.825,284 $ 750.000 Citiz A So Nat Bank. r5.000,000 Nat Exchange Bank. e 400.000 Per 100 13 100 89 100 share. 158 153 tio 100 14 Ask Nomi nal. Elgin- $ 86,638 100 N 100 100 rec 140,911 $ 1,481,591 7,335,466 2,022,191 20 Elgin Nat'l Bank... 100,000 First Nat'l Bank Union Nat'l Bank... 300,000 100,000 712,639 eon.ooo Per share. sa o ent les Columbus— Columbus Bk & Tr.. First Nat Bk of Ool Fourth Nat Bank 850.000 200,000 300.000 Rome 75.000 200.000 Savings Bank. Merch & Mech Bank 100 120 100 30 100 110 80 72 100 200 125 35 220 Peoria— Cent Nat Bk A Tr Co Com Mer Nat BkATr 2,000,000 First National Bank. 660,000 789,994 1,065,334 1,427,901 9,890,382 23,964,150 14,295,918 200,000 90,000 150,000 141,724 2,402,491 f 50 50 55 115,255 1.459,513 166 63 65 673,272 100 40 50 3.680.944 /66*. 40 50 Jefferson Tr ASav Bk Common Capital notes South Side TrA Sav B Macon— Citiz & So Nat Bank. r5.000.000 City Bank A Tr Co.. First Nat Bk & Tr Co 4 3.212,466 93,500 236,097 110,000 500.000 83,968,611 1.267,000 6.858,423 13 no 70 75 if* 50 20 50 19*4 14 100 100 10 Quincy— B'dway Bk of Quincy 111 State Bk of Quincy Savannah— Citiz A So Nat Bank. f5.000.000 3,212,466 Liberty Nat Bk & Tr 500.000 173,519 Savannah Bk A Tr_. i 665.000 254,002 Citizens Bk & Tr Co Common 200,000 I 100,007 Debentures... 83,968,611 4,309,140 3,997,348 10 13 14 100 80 85 100 50 60 1,516,490 100 134,000 100.000 < 179,607 48,000 41,349 103,329 5,471,456 834,000 624,059 1,405,992 100 100 100 100 411,011 217,319 293,897 9,143,191 4,678,552 8,302,632 100 500,000 300,000 500,000 State St Bk A Tr Co. 81,364 200,000 246,000 500,000 Debentures Mercantile Tr A 8 Bk Peoples Bk of Quincy S'thSideBk of Quincy 18,360 200,000 196,000 200,000 100,000 50,000 296.000 Common 606,852 284,730 393,599 9,973,709 4,934,045 11,401,920 125" 135"" 40 40 50 Rookford— Illinois Natl Bk A Tr Co Swedish-Am Nat Bk. Third Nat'l Bank... National Banks Sept. 28 Nomi nal. Boise City— Per Ida 1st NatBk ofBoise share. common 600,000 L 783.166 Preferred.... 588,000 First Security Bank. <1,035,000 1,821,885 Boise Trust Co 125,000 48,250 Springfield— First National Bank. Illinois Nat Bank Springfield MarineBk ' 22,029,091 100 N o re 100 sa 160,000 300,000 178,379 217,874 79,535 384,200 3,223,985 4,612,612 3,033,786 Nomi nal. Per share, 100 100 N o re cent 100 sa les INDIANA 100,000 35,168 252,727 274,031 172,179 300.000 350,000 150.000 State Institutions Sept. 28 1,521,247 3,297,831 6.453,954 2,416,546 100 100 100 100 100 30 250 125 Nomi nal. Per shar Evaniville— Citizens' Nat Bank.. Citizens Tr A Sav Bk Franklin Bk A Tr Co Indiana Tr A Sav Bk. Lamasco Bank ... Common.. Preferred 275 150 817,635 500,000 7 100.000 7 145,700 f 147,000 7 100,000 500.000 199,000 1 National City Bank. North Side Bank. Old National Bank— Belleville— Belleville Nat Bank. Belleville Savs Bank. First National Bank. €t. Clair Nat Bank— 125 Sept. 28 1 Merchants Nat Bank Old Second Nat Bank < 110 State Institutions AuroraAurora Nat Bank 175 100 120 100 Sept. 28 ILLINOIS 165 50 lee National Banks Sept. 28 100 100 cent 25,038,593 76,750 .... National Banks 40 40 State Institutions IDAHO Sept. 28 < 500,000 186,534 32,484 19,881 62,692 675,291 28,431 100 160 100 100 100 100 100 225 175 118 100 150 110 100 100 100 110 13,510,759 1100 125 Uoo 100 150 101 500.000 ( 353,916 Mutual 1,684,000 1,200,000 583,189 19,531,618 489,336 15,396,831 Peoples Savings Bk.. 200 100 14,407,577 1,198,195 1,377,684 1,252,881 889,784 11,916,410 1,703,688 160 7,988,000 Chicago— Aetna State Bank.. Am Nat Bk A Tr CoAustin State Bank.. < 400,000 <1,600.000 105,216 3,210,456 1,117,154 52,038,489 187,799 4,516,268 89,975 2,131,822 173,902 6,617,422 2,831,743 122,425,420 200,000 100,000 300.000 Beverly State Sav Bk Central Nat Bank... City Nat Bk A Tr Co 4.000.000 100 20 30 100 40 210 220 27 32 100 80 13 90 10 100 117 123 Oont IllNB&TrCo Common 50,000,000 129073334 1139197,294 I33i. Preferred. 25,000,000 Cont Nat Bk A T Co 1,500,000 Cosmopolit'n Nat Bk < 250.000 District Nat Bank— Common 102,000 1 98,000 445,000 ........ Preferred 69,177 Drexel State Bank. < 189,531 Drovers Nat Bank.. 1.000,000 967,623 First National Bank 30.000,000 35,420,888 First Nat Englewood 200,000 . Halsted Exch N at Bk Hamilton State Bk__ 1-0 National Bank.. 200,000 200,000 i 200,000 250,000 Kaspar Am State Bk Lawndale Nat Bank Common......... Preferred Liberty Nat'l Bank 275,000 325,000 300.000 1,000.000 . live Stock Nat Bank Madison-Crawford Natl Bank Main State Bank 200,000 200,000 MerchandiseNat'lBk . Merchants Nat Bk_. Metrop State Bank _ _ Mid-City Nat Bank Milwaukee A v N't Bk I Mutual Nat Bk of Oh Nat'l Builders Bank Nat'l Boulevard Bk I National Security Bk North Shore Nat Bk i 500,000 200,000 200,000 400,000 200,000 400.000 500.000 500,000 200,000 200,000 500.000 Oak Park Tr ASav Bk Personal Ln A Sav Bk 2.000,000 Pioneer Tr A Sav Bk < 750,000 Sears-Oom State Bk. 200,000 Bkala Nat'i Bank 200.000 South East Nat Bank 200.000 South Shore Nat Bk. 770,474 214,728 45,293 76,304 207,346 968,992 2,524,336 125 135 2,698,343 / 20 1 30 40 6,920,664 26.014,727 100 926,660,506 100 100 5,321,193 5,747,364 100 100 2,086,042 11 2,622,135 20 2,511,507 18 22 145 222 170 130 10 14 11,900,952 378,382 1,510,591 11,420,085 24,095,050 138,756 256.747 1,071,754 180,301 72,397 97,595 117,763 329,472 302,308 682,134 281,042 78,549 367,763 2,178,033 830,175 264,797 89,548 149,616 4,359,910 5,855,942 18,851,714 5,421,732 3.090,518 9,876,397 5,432,447 9,671,937 5.707,579 16,040,611 7,342,347 3,952,788 8,165,421 7,120,735 17,059,102 8,790,140 2,875,108 6,696,666 C200.000 Clearing. 120,000 200,000 298.000 300,000 300,000 100.000 200,000 400.000 85,220 279,506 318,381 315,817 331.748 31,192 State Bk of i Upper Ave Nat'l Bk. Uptown State Bank. West 31st State Bk.. Western StiAe Bank. Amalg Tr A Sav Bk. Banco di Napoli Tr. Chic < City Bk A Tr.. Drovers Tr A Sav Bk Bast Side Tr ASav Bk Harris Tr A Sav Bk < 300,000 800,000 547.000 200,000 158,348 346,438 486,710 1,032,373 456,470 78,979 6,000,000 10,641,240 Lake Shore Tr A S Bk < 790,000 338,819 Lakeview Tr A S Bk. 500.000 1,446,567 Mercantile Tr A Sav. 600,000 477,474 Northern Trust Co.. 3,000,000 10,111,075 Pullman Tr A Sav Bk 300.000 583,422 28 32 155 227 180 25 135 35 12 14 5 9 18 10 100,000 Terminal Nat Bank. Unlv St Bk of Chic.. o33'. 00 190 20 50 55 100 100 100 150 110 200 155 135 210 100 90 95 100 80 100 80 100 90 20 20 25 100 50 120 130 45 55 185 100 100 15 50 100 175 125 35 73 100 135 160 25 27 135 40 78 145 170 32 100 100 125" 135" re cent sa les 13,467 1,121,656 20 1,228,625 12,014,908 20 400,000 375,000 891,387 39,956 11,782,429 1,924,571 100 75 100 100 1,000,000 775,000 100.000 ,1,552,835 31,954,215 10 14 [ GaryGary State Bank < Gary Tr A Sav Bk__ < 100 125 Indianapolis— American |Nat Bank Common Class A preferred. Fountain Sq State Bk Indiana Nat Bank.. Live Stock Exch Bk Madison Ave St Bk 4,000.000 < 200,000 50,000 Marion Co State Bk. < 65.000 Merchants' Nat Bk. 1.250,000 People's State Bank- < 300,000 Bankers-Trust Co 500,000 < Fidelity Trust Co 283,000 f [ 108,000 2,095,000 7,865,846 108,016,941 202,743 1,029,374 g 22,843 812,425 0 3,746 517,096 2,264,926 29,751,523 Q 44,860 2,149,710 g 415,774 3,184,152 g 187,061 4,189,203 15 alO 10 100 100 300 345" 100 135 155 219 235 100 100 100 100 100 ""55" 100 100 Fletcher Trust Co— Common Debentures Indiana Trust Co Security Trust Co Union Trust Co 1,500,000 11,206,622 830,000 1,000,000 (71,110,914 < 399,200 g 212,692 1,000,000 (72,359,802 South Bend— City Nat Bk A Tr Co First Bank A Tr Co. Merchants Nat Bank St 500,000 796,000 g 250,000 900.000 g Joseph L A Tr Co 142,511 270,525 159,645 17,944 36,415,210 {100 154 144 106 "175" 100 60 73 21,964,935 100 300 325 4,104,649 9,116,345 4,057,812 3,289,886 10 100 100 100 N Terre Haute— Merchants Nat Bk Common Preferred Terre Haute 116,528 5,087,382 flOO 1100 First Nat Bank— Preferred 2,535,756 100 5,680,407 5,973,010 5,973,453 7,724,013 706,684 3,125,362 7,335,290 4,701,849 22,434,977 10,935.363 818,312 223,736,702 10,940,613 26.458.001 16,379,790 326,895,993 8.310,924 20 23 100 100 60 500,000 300,000 1^1,009,513 16,704,492 20 10 65 185 ... 195 100 100 * 100 100 a 50 88 140 150 100 20 1001 290 50 50 55 100 240 130 505 165 250 Preferred stock retirement price. c In process of organization. 93 100 100 100 100 Sale price, t Branch of Savannah. 100 §55" 135 520 175 d New stock. e Affiliate of the First National Bank of Atlanta. Ga. f March 7,1938. g June 30, 1938. < Common and preferred stock or capital debentures n Reserves. r Combined statement. x Ex-stock dividend. o re cent sa 250.000 250.000 Common........ 186" 15,717,806 3,653,845 26 100 o 20 20 , 200,000 50,000 300,000 Debentures People's Tr A Sav Co 100 100 | 347,177 Preferred : Dime Trust A Sav Bk Common ... 80*4 20 N 400.000 400,000 • 78*4 I33i» 471,077 58,378 16 Fort Wayne— Lincoln Nat Bk A Tr Ft Wayne Nat Bank Common outstanding, les Jan., 1939] AND BANKS National Banks National Banks Sept. 28 Surplus & Profits Capital Sept. 28 Ask Bid Par Burlington— Cedar Rapida— Guar Bk & Tr Co 125,000 200,000 58,792 100 100 2,323,470 2,991,448 54,162 200,000 500,000 250,000 50,000 108,295 1,828,302 171,360 38,830 150.000 150.000 Merchants Nat Bank Common 156,968 187,003 Council Bluffs— Olty National Bank. N 100 re cent 2,434,634 3,966.723 les 100 1,000,000 1.100,000 81,724 100 100 C100 600.000 1,645,580 Common.... 100 26.964.821 j 787.560 Nat Bk of Commerce Bid Ask Nomi nal. Per share. Des Moines— Bankers Tr. Co— (10 9.66&Q76 20 18** (l0 9.708.515 (100 1 80 112 125 33,087,858 (100 85 90 23 24 Uoo 48,784,199 (20 \20 1,500,000 1 972,102 50,590,040 1.200,000 208,000 181,747 2,581,878 2.800,000 6,822,338 119,191,681 Preferred Louisiana SB & T Co Whitney Nat Bank.. Davenport— Davenport Bk A Tr. Jl,327,327 1.500,000 1.200,000 New Orleans— Amer Bk A Trust Co Common Preferred Hibernia Natl Bk Common Preferred ..... 1,485,115 (100 1,781,763 J 490,348 Preferred 100 63.014 64,000 I 36,000 100.000 Preferred State Sayings Bank. Common Preferred 300,000 240,000 o ... Oaun Bluffs Say Bk. First National Bank. Common Par $ . J 411,569 Preferred Common 100 20 sa United State Bank.. Deposits $ 8 300,000 240,000 ... Louisiana Nat Bank 25 2,771,588 28,970,932 4,418,605 987,633 Institutions Sept. 28 City National Bank _ People's Say Bank.. State Gross Surplus & Profits Capital Baton Rouge- 103 LOUISIANA Cross Deposits Nomi nal. Per share. Farmeri & Merch 8 B d Nat Bk of Burlington COMPANIES State Institutions IOWA Sept. 28 TEUST (20 23 24** 20 25 30 25 71** 120 Sbreveport— 400,000 \ 600,000 150.000 766,355 19,159,300 (25 113,862 2,790,600 100 550.000 1 450.000 ... Gap Olty State Bank 905,220 42 36 c25 )25 105" 120 115 First National Bank. Commercial Nat Bk. Oont'l-Am B A Tr Co 1.000,000 1,000,000 700.000 1,154,265 795,439 328,924 28,361.726 19,125,414 9,267,462 100 140 100 125 135 100 100 104 145 130 Cent Nat Bk A Tr Co Common........ Preferred Des MoinesBk&TrCo d lewa-Des Moines Nat 20,879,117 (100 Uoo 50 "755" 150.000 48,351 1.705.250 1,550,000 1,450.000 1,067.019 39,649,330 50.000 150,000 23,961 255,978 309,723 4.466.971 100 "95" 100 112 800.000 250.000 515,898 138.135 9,424,545 4,328,837 100 400,000 267,000 272,335 373,668 228,963 86,666 6.150,000 10 5,371,192 MOO 100 6,270,020 100 5,377,951 100 2,364,706 National Banks clOO 65 8tate MAINE Sept. 28 Institutions Sept. 28 Bank A Trust Co: Common... Preferred h University State Bk. Valley Sav Bank 100 1100 150 130 116' 126 Dubuque— First National Bank. Amer Tr A Sav Bank Bloux City— First National Bank Live Stock Nat Bank I 1 300,000 300,000 250,000 100.000 National Banks 100 les 150,000 150.000 250,000 Preferred / 20 sa 600,000 200,000 400,000 400,000 Nat Bk of Commerce Portland Nat Bank— share. 1,506,762 100 N 30 32 100 0 J 608,518 les 1 20 100 re sa les 468,080 193,819 231,802 338,582 8.924,694 3,776,807 5,395,547 7.567,175 100 492,561 11,228,290 40 50 100 105 21** 40 20 29 32 35 38 50 j 25 65 72 c40 24 cent 100 491,750 450,000 83,250 Preferred A..... Preferred B 0 o 2,291,892 4,352,615 293.607 N 12.607,146 25 Portland— Sept. 17 75,187 139,745 0 100 600,000 750.000 Canal National Bank Casco Bk A Tr Co... First National Bank. Per First National Bank. 8,459,785 7,639,036 100 re cent Common........ Common exchange Nat Bank. 324,981 964,699 Merrill Trust Co- cent Nomi nal. Hutohinson— American Nat Bank, 7,403,220 9,232.731 .000,000 200.000 Depositors' Trust Co 429,061 479,162 Bangor— State Institutions KANSAS Sept. 28 825.000 701,500 Merchants' Nat Bk. Eastern Tr A Bkg Co o Toy Nat Bank Security Nat Bank.. Woodbury Co Sav Bk Nomi nal. Per share Augusta— First Nat Granite Bk National Banks State MARYLAND Sept. 28 Institutions Sept. 28 Kansas City— Oemm'l N Bk of K C Common Preferred 300,000 I 193,604 442.000 — Exchange State Bank 200.000 First State Bank 157,889 70,485 75,000 10,958,993 f 10 I 10 2,691,804 100 1,163,401 Security Nat Bank.. Common 109,000 91,000 100.000 Preferred Blverview State Bk. 463.494 Canton Nat Bank... Carrollton Bk of Bait OommonwTth Bank. First National Bank. Leavenworth— First National Bank. Leavenworth Nat Bk Manufac'rs State Bk 150.000 154,444 253,000 150.00C 50.000 100 26,082 o 100 cent 100 2,168.283 2,587,280 865,270 les Nat Cent Bk of Bait. Nat Marine Bank Western Nat Bank.. Colonial Trust Co Topeka— Central Nat Bank Central Trust Co Citizens State Bank. d 500,000 400,000 77.500 200.000 Fidelity Sav State Bk Guaranty State Bank Common. Preferred 415,361 301,716 7,575 75,583 52,353 0 70,000 1 130,000 10,292,375 uoo 802,001 559,784 100 2,185.036 Equitable Trust Co. 1,154,631 (100 190 Fidelity Trust Co... Maryland Trust Co *100 Common 110 200,000 500.000 State Savings Bank. 100.000 61,150 176,965 533,546 27,129 Topeka State Bank.. d 100.000 44.016 50,000 746,243 6,875,199 8,515,471 1.617,987 1,572,521 125 150 175 75 4 6 600,000 11,108,828 35,122,083 800,000 d 370,000 389,746 9,402,838 d 300,000 145,388 3,760,409 80,000 242,151 1,474,923 300,000 214,902 1,048,730 4.000,000 6,617,362 157,298,667 400,000 506,977 6,204,748 600,000 777,034 5,294,031 750.000 563,807 11,694,896 400,000 137.138 1,891,041 2,000,000 1,300,464 35,796,480 1.000.000 1,044,115 19.056,173 uo 20 23 1.000,000 11,649,120 1,650,000 1,500,000 4,273,215 600,000 259,836 2,000,000 4,232,846 3,000.000 1.584,509 ... 1,000.000 1.000.000 100,000 200.000 Kansas State Bank.. Beuthwest Nat Bank Union National Bank Common Preferred Union Stock Yds Nat d 108,000 1 92,000 100.000 1,363,704 1,021,020 28,435 220,336 . d 125 100 100 Capital notes Second Nat Bank 100 Common Capital notes.. \62i, c62** 50 1,046,521 KENTUCKY Sept. 28 State Institutions Sept. 28 Covington— Per share. 200.000 .... Preferred Peop-Lib Bk A Tr Co d OovingtonTr&BkgOo d Citizens' Nat Bank.. Farm A Mech N Bk. Preferred Fr'k Town Sav Inst. West Maryland Tr.. Nomi nal. CItlsens' Nat Bank. 486,197 4,725,373 200,000 1 25,000 550,000 150.000 0 327,185 5,099,021 314,844 85,862 6.529,252 1.495.831 50 10 6 300.000 277,317 2.581.832 100 105 Preferred First Nat Bk&TrOo Second Nat Bank Union Bank & Tr Co Security Trust Co d 200,000 1 100,725 350,000 1.000,000 1,171,535 150,000 0 308,935 150,000 0 226,580 500.000 504,394 12,239,515 2,759,491 2,710,488 3,994,409 I 120 10 17 20 Hagerstown Trust Co 10 Citizens' Union N B. 1.000.000 3,058,528 2,000,000 ol.701.910 1.000.000 2,576,315 Liberty Natl Bk A Tr dl,800.000 0 325,999 100,000 0 People's Bank 66,958 Security Bank 300,000 220,605 KentuckyTitle Tr Co 01.000.000 01 ,038,071 Lincoln Bank A Tr__ 750,000 835.064 Stock Yards Bank 100.000 0 133,145 Louisville Trust Co. dl ,980,000 1,173,189 United States Tr Co. 525,000 0 105,663 Fidelity A Oolum Tr. First National Bank. Sept. 28 10 1.447,493 I 4 4** 10 50 100 100 100 "97"" "99"" 300 160 300 180"" 305 53,242,849 1001 /255 7,391,892 1001 33,838,649 106 90 21,388,410 1,077,071 2,676.915 100 120 3,837,652 100 101 11,839,327 100 130 1.361,448 100 190 10 6 14,162,379 1.305,351 100 57** 75 30 39 20 28** 25 15 31 25 14** 16 100 25 {-?? mm 66** 12 50 100 1 1 11 1 219 60 510 100 10 398,000 175,134 100,000 1 99,500 500,000 100 94,031 1.481,294 • 1 1 1 1 mmmm 530 7H 8** 110 120 130 155 17 18 65 70 (25 216,955 5,983,934 50 150,000 298,500 | 211,108 3.360,841 U* 100,000 987,675 500,712 4,995,695 5,092,125 100 25 108,257 1,644,238 135 150,000 100,000 407,030 41,001 4,081,923 1,703,721 (15 115 100 10 90.000 397,000 200,000 150,000 91,814 305,081 221,800 76,785 1,662,762 10 6,050,739 4,116,124 1,821,811 100 125.000 75,000 1 51,300 131,243 477,737 18* 1,684,341 5,527,545 10 100.. 100 MASSACHUSETTS s'a%Xi<m° Nomi nal. Boston— First National Bank. 27.812,500 52,121,144 Merchants' Nat Bk. 3,000,000 5,658,266 Per 631,928,716 12** 89,841,724 100 Nat Rock Bk of Bos 1,500,000 2,870,978 29,165.784 20 Nat Shawmut Bank- 10,000,000 020830148 187,033,468 12** Second Nat Bank 2,000,000 4,791,322 79,874,999 25 Web A Atlas N Bk.. 1,000.000 466,193 12,898,216 50 ♦ Sale price. a New stock, c Retirement price. 92 3** d Common and preferred stock or capital notes outstanding. / Citizens' Union Fidelity unified certificates. 7 40 q Affiliated with the First National Bank h Member of Northwest Bancorporation. k Units. 100,000 100.000 10 260 NewportNewport Nat Bank.. 100 m 6 56** "34"" "45"" Louisville— American Nat Bank. mmm Hagerstown— Farmers & Merc Bk. Nicodemus Nat Bk.. d Second Nat Bank 110 f 110 National Banks . mm 1** 4 8 100 Lexington— Citizens Bk A Tr Co. Common..... 10 50 Frederick— Frederick Co Nat Bk Common National Banks ""65"" Liberty Trust Co— 100 3,947,405 («»» 26,704 24,176,802 1,656,318 21,617,031 37,284,124 50 Peoples Bank— 26,300,119 22,287,318 1,060,353 2,329,712 151,554 34,575,457 120 100 10 * 10 Cumberland— Common First National Bank. Feurth Nat Bank share 10 Union Trust Co 75 377,138 5,122,210 Real Estate Tr Co.. Safe Dep A Trust Co 100 125 Wicbi tar- Bank of Commerce. 500.000 Capital notes..... Mercantile Tr Co 150 Kaw Valley State Bk Merchants' Nat Bk. Nat Bank of Topeka Common. Per Preferred Calvert Bank.. 4.425,500 (100 uoo 100 4,167,459 J 274,600 Nominal Baltimore— Bait Oomm'l Bank.. Baltimore Nat Bank Common I Last Sale. 1250 0 June 30, 1938. of Louisville. 36** 340 57 18** share. 37 350 60 19** 124 128 37 40 BANKS 104: I AND TRUST National Banks ""TpHis"*'MASSACHUSETTS sla"slTTn' Capital COMPANIES Cross Surplus & Profits State Institutions MICHIGAN Sept. 28 Sept. 28 Surplus & Par Deposits Ask Bid Cross Profits Deposits Capital Bid Par Nomi nal. Per 100 r280 100 100 100 50 f400 Boston— 2.000.000 n4,300,720 100.000 n 356,213 1,250.000 nl,624,878 Day Trust Co Fiduciary TrustGo__ * 500.000 n 881,680 New Eng Trust Oo__ 1,000.000 n3,535,525 5,620,356 Old Colony Trust Co <5.000.000 400,000 h 413,857 Pilgrim Trust Co State Street Tr Oo._ 3.890.000 n6,090,226 36,487,441 2,378,501 11,935,568 2,213,203 31,838,101 Boston S Dep & Tr_. Columbia Trust Co__ c None <10 100 100 7,426.454 83,075,045 share. Michigan Ind Bank Convertible pref-_ Winthrop Trust Oo__ 12,446,283 f 1 2,692,898 10 is0* 10 12 302,892 95.828 300,000 100.000 4,096,368 1,594,625 15 100 100 100 d 160 Common.. 7,500,000 10,000,000 Common Common 309,660 229,120 Common 702,746 300,000 300,000 500.000 Home Nat Bank 8,603,419 399,057 7,043,101 20 50 50 53 100 cl34,364034 f 20 j12939821 share. 54 280 56 20 4,124,365 118,438,039 27,024 159,568 500,000 11,686.640 850,000 1,200,000 366,646 500,000 349,509 Preferred Preferred Detroit Trust Co— Preferred 11,830,868 260 • 50 382,811,649 i i i lr-t lO lO 100 i COI ©« i i 10 40** 41** 40 43 42 46 24 26 23 25 i f 1 i i i | 1 I 25 . 20,779,142 r 10 L 10 6,724,258 408,941 a Equitable Trust Co— 160 Brookton— Brockton Nat Bank Common Per 50 United Savings Bank Wabeck State Bank. Bankers Trust Co___ Beverly— Beverly Nat Bank.. Beverly Trust Co... $ 1,316,620 c55.l94.352 Nat Bank of Detroit- 255 Preferred 700,000 lnl297005 450.000 140,918 100.000 n Common 1,500,000 3,610,000 3,000,000 100,000 Preferred Mfrs National Bank. "165"" 250 Detroit— <Oommonwealth Bank *3,700,000 Detroit Bank Common U S Trust Co- Ask Nom inal. 425 10 j 447,845 1,756.795 f 20 ] 20 0 1.423,260 12,013,478 (712,613,982 f 20 1,069,277 1 20 105,538 g 150,000 307,350 100 500,000 672,375 g 5,117,840 100 Preferred Highland Park Trust Un Guardian Tr Co. Cambridge— 698,415 c 6,717,862 150.000 534,045 300.000 4,509,547 1.000.000 nl.453,211 c21,366,459 Cambridge Trust Co County Bk & Tr Oo. Harvard Trust Co. 10 20 440 12 66** 68 Flint— Olt Com & Sava Bk. *1,000,000 Genessee Co Save Bk t>l,000.000 250.000 400,000 Everett— 600,000 10,151,189 278.561 560,413 272,894 5,968.152 7,927,922 3,679,213 100 100 100 882,113 6,925,195 100 Grand Durfee Trust Co Fall River Trust. 94,899 20 18,946,352 8,040,287 2,918,255 6,184,220 20 1,354,119 20 10 12 8,960,856 20 14*4 16 20 18 20 21 18 s 20 20 231* 10 500.000 Fall Biver— Fall River Nat Bank 878,373 400,000 427,500 300.000 Middlesex Co Nat Bk 722,766 356,946 91,806 406,087 250,000 Merch & Mech Bank Nat Bank of Flint c 91 Rapids— Central Bank Nat Bk of Grand Rap 205 80 Common 500,000 195,000 Preferred Fitohburg— |. 466,724 20 /20 Peoples Nat Bank— Safety Fund Nat Bk. Gloucester— Cape Ann Nat Bank Common 247,480 150.000 120.000 290,000 2,989,433 1,840,1701 100 10 3,830,328' 167,352 252,431 20 rec sa ent les Common Preferred Grand Rapids Tr Co. * Union Bank of Mich. Haverhill— Michigan Trust Co.. Haverhill Nat Bank. Merrimack Nat Bank 200.000 300.000 961,827 183,887 6,208,647 2,309,575 100 10 | 491,599 1,000,000 1,500,000 Preferred Old Kent Bank— N Gloue Nat Bk of Glou Glouces S D & Tr Oe 400,000 175,000 |1,945,867 7,969.248 16 14 10 10 no 42,879,844 10 10 26 10 919,853 348,148 2,617,052 685,761 g 1,794,578 400,000 250,000 20 50 8 12 20 20 17 16 24 138,389 l,200,00u g 28 15 18 10 Saginaw— Holyoke— * Saginaw State Bank Second Nat Bank & Holyoke Nat Bank— Common 275,000 380.000 215,465 7,686,901 50 100,000 Preferred 250,000 Hadley Falls Tr Co.. *1.400,000 180,881 2,614,627 100 347,499 cl0.009.919 600.000 416,874 6,295,496 25 300.000 427,817 3,764,614 100 368,000 170,151 5,647,005 20 1,250,000 2,116,289 27,323,730 100 25 20 LawrenceBay BtateMer Nat Bk Preferred 60 Tr Co. 50 7 Park National Bank Common. 100 75 1250 77 .... National Banks 25 State MINNESOTA Sept. 28 Institutions Sept. 28 Lowell— AppletonNat. Bank. Union Old Lowell National Bank 1.000.000 601,237 125 25 11,195.602 135 203* 24 Lynn— 200.000 190,000 200.000 ... Preferred Manufac'rs Nat Bk. 143,904 3,221,157 50 50 300,115 3,447,542 100 62.583 2,511,242 60 100 200.000 250,000 250.000 100.000 _ 482.000 748,655 913,851 400,000 New Bedford— First National Bank. Merchants Nat Bk.. 718,000 500.000 425,000 231,981 545,196 465,932 200,000 Safe Deposit Nat Bk /50 50 c c 3,837,000 3,642.252 9.396,716 100 100 20 385 46 10 100 48 65 87,430 12 37 8** Peabody— Warren Nat Bank .. 1.873.896 300.000 104,936 3,182,860 60 867,609 6,928,469 10 15 Naumkeag Tr Co— Common 250.000 Preferred.. n 200,000 ... 16 17 10 Springfield Mat Bank *2.000.000 666,424 Third Nat B StT Co.. 1,500.000 2.882.656 Springfield 8 1) & Tr_ 1,000.000 nl ,351.579 Union Trust Co 1.000.000 2.231,696 West Springfield Tr 194,250 n 198.219 14.658.660 29.328.094 13.477.212 14,959,788 2,184,937 10 100 N o cent 251,602 430,948 47,207 14,905 5,828,958 10,461,838 1,025,476 100 sa les 116,744 32,250 31,786 2,290,311 1,869,120 1,635,114 138,600,618 867,095 5,545,107 15,127,821 1,914,535 345,478 1,112,869 45,224 400,000 1,000,000 100,000 100,000 h Blooming'n-Lake NB 100,000 Central Nat Bank 150,000 Fifth No'west'n N B_ 100,000 First NatBk&Tr Co 66.000.000 Hennepin State Bank 6 100.000 Marquette Nat Bank * 376.000 Midland NatBk A Tr *1,000,000 Minnehaha Nat Bk_ 6 N'western Nat B & T 100,000 100 50 100 100 6623 7.627,808 27,709 250,536 475,727 38,556 5100 i— iioo 5 20 100 100 1100 5100 5,000,000 14,275,926 119,836,627 /100 1 Preferred 1,500.000 Produce State Bank. 6 100,000 2d N'west'n State.. i 50,000 100,000 125.000 33,329 15,035 136,877 136,283 85,600 46,404 200,000 125,000 136,691 71,367 St. Paul— American Nat Bank *1.688,000 Commercial State Bk * 150.000 7H 7X il00. 6 36,861 394,199 Third N'west'n N Bk i 4th Northwest Nat'l. * University State Bk First National Bank. Union Nat Bank 73* 290 300 60 59 25 25 30 * 1.684,170 1,078,963 i... 1,592,712 1100 2,813,055 1100 1,236,492 200,000 300.000 264.546 256,108 2,009.264 4,268,371 100 25 25 Worcester— Mechanics Nat Bank Common 500,000 400,000 300.000 Preferred Guaranty Bit & T Co j 974,284 n 323,124 15,069,182 1100 1100 10 4,728.190 130 135 * 15 c Tr Co Common Class A 1,000,000 2,000 000 |nl587645 c36,271,087 1,779,594 IK) 110 173* 83* 100 100 25,796,990 100 4,595.787 100 1.818,929 59,973 7,615,609 120,034,385 plOO 123,215 2,256,6891 100 EmpireNatBkATrCo ik 465,000 h 234,399 7,256,799 100 Stock Yards Nat Bk * 300.000 169,302 5,019,179 1100 Midway Nat BankCommon 100,000 1 280,930 4,680,327 1100 Preferred 157,600 U00 First Trust Co.. pi,000,000 451,483 plOO "17" Sale price, t No par. a Dec. 31. 1937. sa z les 10 10** 5 First National Group. Includes savings deposits. d Convertible preferred stock entitled in e No re cent 4,824,228 plOO Drov ExchState Bank ok 200,000 First National Bank. pa. ooo, ooo First State Bank p 100.000 — Machinists' Nat Bk_ Rristol County Tr If orcester Co 100 600,000 Rochester— Springfield— Taunton 100 200,000 2,000,000 Common. Salem— Merchants Nat Bank * Northern Nat Bank. Pioneer Nat Bank Western Nat Bank., k 846,315 6,259,369 1,955,569 28,833,013 Minneapolis— 167 50 7.130,219 20 9,542.648 5,790,526 123* .69,213 re City National Bank. Duluth Nat'l Bk * of Duluth National City Bank Common Preferred Essex Trust Co.. Lynn S Dep 4c Tr Co Security Trust Co 100,000 First & Amer Nat Bk Minnesota Nat Bank Central Nat Bank— Common.. Nomi nal. Per share. Duluth— Bank of Comm & Sav March liquidation to $20 a share. 7,1938. / Retirement price. g Trust balances. h June 30,1938. i Member of Northwest Bancorporation. * Common and preferred or capital debentures outstanding. { Last sale. n National Banks Sept. 28 MICHIGAN Sept. 28 Oct. 31, 1938. o State Institutions American National Bank of St. Paul affiliate, Bay City— Bay City Bank Natl UK of Bay City. People's Commercial & Savings Bank p 300,000 ,400.000 327,612 2.458,064 6,152,040 100 100 *1,000.000 720,779 9,643,887 20 45.904 N o re cent sa les Member of the First Bank Stock Corp. r Nomi nal. Per share Stock has to be offered to board ot directors. 8 New stock. < Affiliate of First National Bank of Boston. Capital stock of the Genesee County Savings Bank of Flint, Micb, increased on Dec. 19,1938, from $700,000 to $1,000,000a' v x z Ex-dividend. First Bank Stock Corp. JAN., 1939] BANES National Banks MISSISSIPPI Sept. 28 Ncti Institutions State v< / Bid Par Ask Capital Nominal. Jaokson Per State Institutions MONTANA Sept. 28 Sept. 28 Deposits 105 COMPANIES Cross Surplus & Profits Capital TRUST AND Gross Surplus & Profits Nomi nal. $ Per Billings— Capital National BkOommon 300,000 100,000 50,000 740,000 297,000 Oommerc'l BkATrCo Depos Gu Bk A TrOo Jackson-State N Bk. 525,148 8,207,242 12,428 414,222 394,944 846,919 12,291,213 8,048,697 261,700 350,000 239,500 Preferred 120,395 225,363 98,780 600,000 300,000 182,163 289,117 / 30 140 10 100 60 50 "15" 160 150 100 140 125 3,101,082 2,905,257 4,055,627 100 80 85 50 68 First National Bank. Mer A Farmers Bank 50 51 54 5,056,468 5.075,725 National Banks Sept. 28 MISSOURI 200,000 150,000 100,000 229,144 186,756 196,298 Butte— First National Bank. Miners Nat Bk Metals Bk A Tr Go. 300,000 100,000 600,000 998,942 42,390 644,056 600.000 279,175 9,153,684 (7100 100,000 350,000 165,063 5,471,824 /100 e Preferred Institutions State 12,339,750 1,119,570 11,905,736 o 100 re cent 100 sa les <7— Helena— 150 125 N First Nat Bk A Tr Co k Union Bk A Tr CoCommon 100 share. 4,032,910 Ql00 2,736,337 100 2,775,545 100 / 8 Vicksburg— First Nat A Tr Co... k Mercb NatBkATr Co Midland Nat Bank.. Montana Nat Bank. Sec Tr A Savs Bank. 70 MeridianCitizens Nat Bank Ask Bid Par Deposits $ $ share. Sept. 28 National Banks Sept. 28 <100 State Institutions NEBRASKA Sept. 28 Sept. 28 Nom inal Kansas City— Baltimore Bank Per 100,000 600,000 500.000 6,000,000 100,000 2.000,000 500,000 100,000 200.000 City Nat Bk A Tr Co Columbia Nat Bank. Commerce Trust Co Community State Bk First National Bank. Inter-State Nat Bank Linwood State Bank Merchants Bank.... Merc Home Bk A Tr Common 200,000 196,000 Capital notes.. Missouri Bk A Tr Co Common Preferred L 100 200 8,356,516 100 340,042 50.000 Plaza Bank of Oomm Produce Exch Bank 200,000 100,000 25,981 74,461 129.482 550,000 100.000 Preferred Stock Yards Nat Bk. Union Nat Bank— Common 120,819 50,000 60,000 400.000 ... 100 100 100 66% 28,291 45,819 1,341,429 J100 1100 1,525,800 100 3,231,060 100 2,338,380 100 135" 225 125 120 lio" 90 6?0*0 65 65 75 680,690 /100 60 55 636,915 757,106 19,981,934 10,233,307 100 100 125 200 1,500,000 450,000 Omaha— First Nat Bank Live Stock Nat Bank Omaha Nat Bank— Preferred Packers' Nat Bank: Common ± 9,200,070 /100 974,721 422,012 25,155,531 12,816,423 20 100 30 160 Jl,402,517 42,357,552 /100 165 <100 117,000 1 83,000 81,669 al00 150 250 32 <100 2,317,773 flOO <100 South Omaha Sav Bk 50,000 55,904 Stock Yards Nat Bk e Common....... 250,000 I 113,226 Preferred 400.000 U S Nat Bank sl.100,000 1,174,943 929,121 25 6,746,962 (100 <100 24,652,296 100 1100 "266" 6,880,435 100 665.483 26,306,060 192,341 122,934 15,489 1,876,006 1,549,842 loo 140 100 808,082 100 195 75 225" /10 University Bank 216,485 850,000 300,000 e 75 8,004,893 1,155,892 269,234 West port Ave BankUnion Av Bk of Com 250,000 \ 290.000 1,500.000 750,000 Common Preferred First National Bank. Nat Bk of Commerce Preferred 125" 100,000 100,000 100.000 ^Preferred 72 X 160 90 490 170 1,000,000 1.125,000 ... 325" Common Park National Bank. Common 155 100 53,831 ; 100 100 Nomi nal. Per shate. Lincoln— 107 275 70 460 295 100 86,000 114,000 Traders' Gate City Nat'l Bank.... Southeast State Bk South Side Bank— 100 100 65,448 1,912 ,135 1,738,111 22,458 ,176 142,677 6,127 ,914 4,842,692 161,029 ,320 65,641 1,257 ,444 4,752,011 120,655 ,125 1,283,318 21,542 ,867 63,893 1,488 ,353 3,359 ,379 187,743 share. 11X 115 National Banks NEVADA June 30 loo"" Nomi nal. Reno— First Nat Bk of Nev. d Ot. JosephAmerican Nat Bank. 200.000 200,000 500,000 100,000 250.000 200.000 200.000 136.000 Burnes Nat Bank First National Bank. First Trust Co FirstStJosSt'u YdsBk Tootle-Lacy Nat Bk. Umpire Trust Co Missouri Vail Tr Co. 224,731 271,395 420,974 136,066 72,405 264,081 116,043 93,443 7,291,329 3,619,910 6,398,447 2,955,754 3,155,516 7,162,302 2,516,164 1,097,261 107.500 92,500 275,000 Boatmen's Nat Bk.. 2.000,000 Bremen Bk A Tr Co. 400,000 Cass Bk & Tr Co. k 400,000 First Nat Bank 10,200,000 Industrial BkATrCo 600.000 N 100 o 100 re cent «... sa les NafnalmnU N£W HAMPSHIRE 100 100 Nomi nal. 100 Per Manchester— 2,179,639 120 200,000 200,000 200,000 : 100 15 45 971359 20 100 100 30 90 100 17 20 33 3,358,460 1100 Jefferson Bk & T Co- 31 100 104 34 60 600,000 400.000 200,0007 .... 644.000/ 156,428 6,746,729 Lemay Ferry Bank— Common 50,000 50,000 & T Co Manchester Bank Mutual Bk & Tr Go.Plaza Bank (The) Sec Nat Bk SavsATr Southern Commerc'l 33,070 600,000 600,000 450,000 200,000 Preferred... Manufacturers Bank 611,735 241,926 264,383 141,499 689,102 350,000 k South Side Nat Bk— Telegraphers Nat Bk Tower Gr Bk A TrOo United Bk A Tr Co.. 421,000 400,000 500,000 1,000,000 1,000,000 Chippewa Trust Oo. k ■a* ton-Taylor Tr Co k Lindell Trust Co '—"20" 1,045,814 J100 1100 _ 250,000 1 75,000 200,000 .... 5,984,306 9,272,564 3,721,309 12,699,205 100 80 Southern Missouri Tr c 20 20 100 160 "23" 170 100 sa les 100 300 7135 105 100 100 100 97,936 1,502,005 N o 3,186,873 [100 26,646 100 re cent 100 sa les NEW JERSEY Sept. 28 s,a"sl^ions 50 20 100 115 20 28 32 74^ 7m 14,649 ,'949 8,801,240 100 3,289,070 3,119,509 5,632,695 20 100 20 70 33 100 126 100 25 3,366,481 4,681,033 4,032,815 5,579,352 95,801,837 2,546,667 4,203,096 7,083,885 2,595,011 20 100 175 2,465,701 10,740,140 2,203,178 100 96,814 1,610,476 5,023,982 Share• 150 100 245,418 748,185 120,000 343,783 500,000 1,147V746 a30 10 5 6 Equitable Trust Co— Common 100 10 Asbury Park— 127 4 26 60 85 Guarantee Trust Co. Preferred "23" 100 6,961,873 400,000 225,000 lc 123,839 1.184,518 Preferred. 6 100 Per Common 19 3H 25)4 Nomi nal. Atlantic CityBoardwalk Nat Bank Bankers Trust Co— 100 63,143 193,335 214,707 979,702 327,316 11,808 339,278 95,286 cent 88 Grove Bank Seacoast Trust Co Bayonne— k Broadway Nat Bk Bayonne Trust Co.. _. 166" Bridgeton— Bridgeton Nat Bank. k 580.500 205,889 6,231,502 100 55 65 300,000 100,000 AsburyPkNatBkATr k Asbury Park A Ocean Cumberland Nat Bk. k Farm A Mer Nat Bk. k 290,000 594,000 100.000 re 90 50 National Banks 19 SpringfieldCitizens' Bank * Union Nat Bank.... * al00 15 319,362 2,918,060 32,352 332,373 333,282 210,739 Merc Com BAT Co- 10,000,000 Mercantile—Com¬ merce Nat'l Bank. 350,000 Miss Val Trust Co.. .000,000 Mound City Tr Co 244,559 North St Louis Tr Co 300,000 Northwest'n Tr Co. 735,000 Webster Groves Tr.. 100,000 6,029,370 5,963,788 6,302,012 N o 100 25 20 6,150,366 163,575,998 340.000 250,000 400.000 418,162 532,309 534,169 share. 100 Portsmouth— Preferred New Hamp Nat Bk. 10,752,200 28,075 109,592 264,061 : c 5,364,702 3,308,166 3,388,923 First National Bank- Common 90 938,846 532,383 269,066 200,000 k Nashua Trust Co SecondNat of Nashua k - Common.. Capital notes. Jeff-Uravois Bank & Savs Bank Nashua— Indian Head Nat Bk k 6 120 30,077 2,690,853 2,093,108 50,031,217 323,314 5,401,545 223,117 5,559,123 8,252,891 238,957,255 502,474 10,890,907 l .... share 100 100 St* Louie— Preferred Baden Bank....... 27,352,264 100 Amoskeag Nat Bank Manchester Nat Bk Merchants Nat Bank Amer Exch Nat Bank Common Per 943,879 600,000 167,509 107,072 2,314,774 1,170,259 10 8 10 200,000 400,000 37,015 343,402 1,670,473 9,930,684 100 75 244,100 575,000 249,500 90,558 232,650 105,893 2,273,635 100 4,954,902 1,546,429 100 33 75 20 12 5 m 4 50 42 < 85 14 100 100 100 • Sale price, a Retirement price. c June 30, 1938. d Owned by the Transamerica Corp., San Francisco, Calif. e Member of Northwest Bancorporatlon. f Includes reserves. g Member First Bank Stock Corp. h Reserves. k Preferred stock and common stock I Last sale. s Member ot the Guardian f Preferred stock retired. or capital debentures outstanding. , Detroit Union Group Inc., Detroit, Mich, 106 AND BANKS National Banks Sept. 28 NEW JERSEY Surplus & Profits Capital COMPANIES TRUST State Institutions National Banks Sept. 28 Sept. 28 Gross Par Deposits Bid Capital Ask State NEW JERSEY Institutions Sept. 28 Gross Surplus & Profits Par Deposits $ 910,326 Oamden— FlrstCamNatB&TOo d2,177,891 Merchantville Nat'l 89,619 Bank <k Trust Oo. d 224,375 Camden Trust Co... d2.734,750 East OrangeAmpere Bank A TrCo 1,383.074 0124,800 200.000 Bar Inv & Trust Co: Common 331,313 95,600 769,165 ... Preferred Per 23 ,267.1828 1,173,341 33,076.873 share. 3X 12X 4X 2 10 4 X 3 IX 0144,189 175,794 024,261 Central Home Tr Co d 500.000 Elizabeth Trust Co.. dl,017,086 0124,308 Union County Tr Co dl,114.345 ol.435.749 $ „ $ $ 739,006 2,255.610 200,000 54,786 200,000 67,501 1,500.000 01,198,719 Trenton Trust Co— dl ,874.000 0 350,303 Prospect Natl Bank. Security Nat Bank.. Trenton Banking Co Per 11,978,190 34,663,902 1,032,321 1,265,527 23,503,996 20,725,301 share. 100 10 40 100 15 4 18 100 20 25 50 65 70 50 1 2 50 3 Woodbury— 17,932,152 / 1 I— 6,982,356 15,153,077 3,527,317 4,014,474 11,866,482 Trenton- Broad St Nat Bank. dl,000.000 ^Irst-Mech Nat Bk. d3,156.000 45 2,796,116 33 X H IX Vh IX Elizabeth— Ellzabethport BkgOo d 400,000 National S tate Bank dl,310,000 Ask Bid Nomi nal. Nomi nal. Farm & Mechanics' 100,000 200,000 National Bank First Nat Bk & Tr Co Woodbury Trust Co. 100.000 537,243 469,241 398,855 0 3,029,872 10 3,055,146 1,592,955 50 ""70"" "75"" 10 2 20 12 25 15 5 50 10 ..... ..... —... 2X 3X 1 Hoboken— Columbia Trust Co.. d Seaboard Trust Oo__ 021,319 0359.774 100,000 500,000 1,464,979 2,155,167 National 20 10 Banks State NEW YORK Sept. 2§ Institutions Sept. 28 Jersey CityFirst National Bank. 2,225.000 1.609,995 Franklin Nat Bank.. d 400,000 n 35,064 Hudson Go Nat Bk— Common 359,094 1,250,000 1 Preferred 1,500,000 Bergen Trust Co 100,000 Commercial Tr N J 3,400,000 N J Title Guar & Tr. d2.999,996 North Bergen Tr Co. 100,000 . _ Trust Co of N J— Common 1,140.000 Preferred A 2,500,000 West Bergen Tr Co.. d 400.000 ..... 84,191 3,484,969 804,284 o 27.950 o |o2180 928 Albany— 5 5 r30 5 — 25 mm* 400,000 695,000 —mm 5 r o 62,038 o 34,109 2.559.975 60 100 279,127 323,722 17,157 823,003 7,472,103 6.890.740 1.671,436 8,716.921 25 BInghamton— City National Bank- 150 3 First National Bank- 230.000 500,000 595,488 200.000 600.000 Mt. Holly— Union Nat Bk&TrOo Farmers' Trust Co 200.000 100.000 o 440,764 134,637 Bank of Commerce of Newark 64,495 384,693 19,264 150,000 600,000 884.000 Banking Co National State Bank 3.000.000 150,000 Fidelity Un Tr Co... d7,250.000 Merch & Newark Tr. 2.500,000 Union National Bk__ d 336.300 United States Tr Co. West Side Trust Co. 600,000 1.075.000 9,206,763 10,029,435 7,872,032 100 Brooklyn—Stole B ank& Tru National 50 50 100 100 100 25 16 8 3 3 6 100 100 25 1,426,245 9.249,808 6,926,263 1,214,485 56 60 500 21 525 m 25 m m 4 10" 7X 25X 17X 10 240.000 ! SX 27 19 "16"" "18"" 25 25 225,000 ! 925,000 550.000 8,200,000 500.000 438,108 447,690 10,449,481 6.172,766 Common 1,665,591 Preferred Hamilton Nat 100,000 42,750 re cent les 33,672 o 26,889 4,450,642 100 47 54 100 100 50 100 70 X 75H 1580 100 1525 9 X 7 142.055 c 100,000 500,000 Comw'lth Tr Un City d 598,500 Gutt'b'g Bk & Tr Co 100,000 Weehawken Tr Co.. 400,000 Huds Tr Co Un City. al.000,000 Woodcliff Trust Co d 145.000 [ 800.000 First Nat Bk & Tr Co 1.237,500 Bank of JamestownCommon 1,906,936 785,354 10,786,636 14,249,842 20 23 H 5 65 153,029 634,437 4,550.086 9,284,989 100 470,260 12,372,263 25 40 50 0 25 60 r50 5 250,000 Debentures "A"__ Debentures "B"._ 245,000 6 r20 5 25 75,000 7,571,988 4,226,398 4,926,191 100 446.730 693,777 2,066,812 1,323,972 4,177,701 6,463,802 735,084 171,992 463,879 200.000 250.000 500,000 rlOO300 15 100 128,644 93,581 482,819 537,998 200.000 400.000 20 1.277,273 1,183,389 5,562,357 5,699,000 3,424,626 8,167,064 24,932.394 1.437.842 1,908,922 29,703,618 5,009,934 d Plainfield Nat Bank- 252,140 175,000 Mi d-Olty Trust Co.. d 100,000 Plainfield Trust Co.. dl,150,000 State Trust Co d 247,500 331,901 5,334 123,703 64,586 596,939 57,966 20 2 4 2ft 4 6 7 "9" 8 11 30 Kingston Trust Co.. 4 10 19 25 25 o New York City- Deposits N 12 N 25 o 100 re cent 100 sa les 100 Preferred Nat Un Bk of America 680.000 I 600,000 102,000 300.000 0 Chase Nat Bank Comm'l Nat Bk & Tr Fifth Ave Bank First National BankGrace Nat Bk of N. Y Paterson— Common imalg Bank of N Y. Bank of New York-. Bk of the Manhat Co Bank of Yorktown.. 2 Merchants Bk of N. Y Nat Bronx Bank 467,971 54,317 51,612 13,010,890 flOO 1 60 1,133,518 190 20 2,208,576 12,809,217 I 50 20 65 60 ew 10 o re cent 100 sa les 100 100 York Ci ty banks are repo rted net are of Dec. 31, 1938. Sur plus and p for National and Sept. 28, 1938 for of banks and trust companies in New Yo found in our "Rai Iway" Secti on, pages 1 22 9 First National Bk— Haledon Nat Bank.. d 150,000 150,000 550.000 175 25 4,209,908 1,386,951 1,102.847 16,288,290 3,804,967 N Rondout Nat Bank. State of N Y Nat Bk 20 350 <50 Kingston— First NBkofRondout Ulster County Bank of Kingston. 6 100 Passaic— Passaic N Bk&Tr Co d2,250,000 People's Bk & Tr Co. 1.000.000 9 21: 4; Elmira— Chemung Can Tr Co Union 50; I 1.325,988 628,580 117,298 159,000 107,710 353,930 818,291 27,107 11 60 <32 t Nat'l of Weehawken. Plalnfield— First National Bk 75 50 100 33b 10 The First Nat Bank. Nat Ohautauq Co Bk Trust Co 100 Bank Liberty National Bk Guttenberg Merchants TrUnCity 1938 Jamestown— r§6" 10 J 30, "BIZ 5 10 600.000 10 160,622 50 t 52,408,760 2,200,000 13,892,360 2,500,000 Debentures. 650,000 0 25 471.273 Nat Bk of W N Y— Common *225 100 Llncoln-E Side N Bk d 200.000 146,488 2.206,449 Mfrs & Trad Tr Co. 5,000.000 12,094,905 86,993,195 Marine Trust Co <8,000,000 7,654,177 150.183.464 Ithaca— First National Bank. N 100 [o 111,789 North & West Hu dson— IstNat Bk of Un City d 308,893 100 Liberty Bk of Buffalo Tompkins Co Tr Co. sa 867,500 300,000 1 Preferred Sept. 28,1938. 153,500 2.956,300 94,575 3,127,315 57,600 3.056,400 332,300 3,684,100 205,800 8,265,800 5.839,700 332,100 6,578.012 115,203.761 6,324,985 40.872,910 500.000 ! 14 11 i New Brunsw TrCo— Common 48 50 New Brunswick Peoples Nat Bk st Co. retur ns date banks Sept. 200.000 I 1" Nat'l Bank of N J... d 252 46 100 50 450"" 245 100 Buffalo— m 8 19 10 I Kingsboro Nat Bank Lafayette Nat BankPeople's Nat Bank.. Brooklyn Trust Co.. Kings Co Trust Co.. 150 50 2,916,547 1,613,008 Bensonhurst Nat Bk Citizens Bk of Bklyn Flatbush Nat Bank. 125 15 1,345.491 41,850,851 1,876,883 21.648,494 585,621 2,958,228 106,091 1.851,231 1,193,062 32,617,446 8,151,636 150,943,283 2,022,949 16,602,881 122,828 3,031,445 575,738 3,876,463 396,373 11,378,742 500,000 Clinton Trust Co d 526.980 Columbus Trust Co. 304,000 Federal Trust Co 1.622.500 846,614 432,758 577,447 10 Newark— Lincoln Nat Bank Franklin Wash Tr Co Mt Prospect Nat Bk. Nat Newark & Essex 100 600,000 <500.000 Marine Midl'd Tr Co Morristown— First National Bank. National Iron BankAmerican Trust Co.. Morristown Trust Co 6,494,734 6,082,902 650 425 IX Long Branch— Long Branch Bkg Co 453,792 158,377 400.000 Nat Bank of Auburn Auburn Trust Co.— X t'i 100 Auburn- IX 15 50,780,491 3.068,737 3,161,280 50,870,432 60,876,815 26,436,781 «• 27 V* •% Per share. 1,404,236 5,609,890 3,942,206 441,589 250,000 Nat Com Bk & Tr Co 1,500,000 State Bank of Albany d2,870 000 First Trust Co d2,960,000 Mech & Farmers Bk. 4X 31,425,238 / 25 1 30 995,078 100 63,543,240 25 23.099,850 990,580 Nominal, 52 49 40.614,375 100 3,474,665 37*4 rofits are of State banks, date a Sept. di vidend and 28/38 record ay be City and Br 00 klyn m 202. 201, 97.198,199. 200, rk 650.000 33.100 k 5,745,600 6.000.000 13,552,080 169,584,000 20,000,000 26,077,131 508.776,000 1.000.000 767,300 k 6,095,600 100,270,1 131271586 2182620000 7,000,000 8,229,473 85,431,000 500,000 3,636,800 49,651,000 10.000,000 108657700 509,699.000 1.500,000 2,047,600 7c27,798,200 400,000 232,700 k 4,711,900 d 785,000 278,100 k 9,022,500 100 369 379 6623 38 42 13.55 31X 33 100 17 10 100 100 148 154 680 720 100 1635 1675 100 100 50 ""97" I63" 43 48 50 100" 12 Paterson Nat Bank— Common 600,000 lolOll 655 375,000 1,500,000 757,017 Preferred Second Nat Bank Paterson Sav Inst... 1.000.000 02,122,232 1 50 "35" 40 25 16,665,385 29,778,361 70 75 50 160 * Sale a Only outstanding stock of People's Bank & Trust Co. of Passaic, N. J. Prospect Pk Nat Bk Common Preferred.. 100,000 1 50,000 439.814 Common 600,000 lo 139,907 Preferred 594,000 Common Preferred 575.001 i 1 Citizens Trust Co— Hamilton Trust Co.. d U S Trust Co- 5,229,478 259,230 600,000 to 260,783 750.000 price, f Marine 50 b 8,629,687 J 25 \121t 10 3.282,475 13,018,965 /100 20 Includes c Corp. Preference stock. 11 10 1 Midland is $1 par pref. stock of the Realty & Security Co. rl2X c 3 35 security stock. d Common and "preferred stock or capital debentures e outstanding. Represents capital, surplus and undivided profits. 50 / Includes preferred g Includes stock retirement fund. reserves. h Affiliated with the Trust Co. of New Jersey, Jersey City, < Controlled by Marine Midland Corp. k Sept. 28,1938. I n Last sale, Dec. 31, 1937. 0 June 30, 1938. r Preferred u Reserves. stock retirement price. JAN., 1939] BANKS National Bank$ NEW YORK Sept. 28 TEUST AND COMPANIES State Institutioni National Banks Sept. 28 Sept. 28 Capital Westchester Co. co. returns date Sept. Bankers Trust Co... 25.000,000 Bronx County Tr Co 542,500 Cent Han Bk&Tr Co 21,000,000 Chemical Bk & Tr Co 20.000,000 City Bank Farmers' Trust Co 10.000,000 e 750,000 1,000,000 4.000,000 15,000,000 500,000 3.500,000 500,000 825,000 2,000,000 1,000,000 90,000,000 1,000,000 50,000,000 1,000,000 2.000.000 Clinton Trust Co Colonial Trust Co Continental Bk&Tr. Corn Ex Bk & Tr Co Corporation Trust Co Empire Trust Co Equitable Trust Co. Federatic n Bk& Tr Co Fulton Trust Co Fiduciary ust Co.. Guaranty Tr, st Co. _ Hellenic Bk & Tr Co. Irving Trust Co Schroder Trust Co.. Lawyers Tr Co 17.615,185 402,600 447,528 4.279,204 18,965,318 376,300 3,460,900 617,933 1,085,200 2,758,381 1.375,200 181984416 430,039 61,411,081 1,583,142 1,865,298 Mfrs Trust Co: U 8 Trust Co of N Y Port 5 343.400 share. 1,665,387 j 50 1 50 4,437,575 1 50 1 10 8 2,474,087 12 X 512,007 e 300.000 « 550,000 0 176,250 61,506 2 6 a 33,589 129,574 15 5 10 10 3 5,906,582 2,996,317 46 6X 85 88 42^ ^X Rye— Rye National Bank.. Rye Trust Co 8 550.000 3,179,558 1.724,536 8 3 195,0Q0 14,608 81,395 11 16 200,000 95,488 1,777,233 100 25 40 792,000 151,273 7,274,277 100 17 22 25 22 27 0 0 Tarrytown N B&TrCo 20 50 25 10 20 100 10 25 10 100 100 100 100 10 100 25 20 \2l 25 55 65 8L 10* im White Plains— Citizens Bank 53 H 'W 15" 0 Peoples N B & T Co: Common 200,000 1 173,562 150,000 580,000 1,650,300 Preferred County Trust Co 5,259,175 1 25 — — — 14,093,600 20 — 28 «® — 35 Yonkers— 210 190 234" 239"" "16 H iix "28" Central Nat Bank... First 5,330,916 25 21 26 903,150 7,110,875 10 25 30 400,000 400,000 j 68,883 8,306,904 1 20 1 1 20 6 2 • \; 9V 1 90X 7H Common Preferred 53 & 6X 535,354 300.000 41 51X 4 % 87 X 350,000 Bank Yonkers Yonkers Nat Bank & Trust Co— 32" 39 National in National Banks NORTH CAROLINA Sept. 28 Sept. 28 25 200 Nomi nal.' Asheville— 5,692,650 9,809,700 85,793,302 e 24,380 Per Chester—1st N_ Bk&Tr Co Mutual Trust Co. f 20 Per First Nat Bk & Tr__ loo e 225,000 191,743 3.165,221 440,000 601,671 591,222 551,212 2.576,261 4,741,837 10,457,554 6,154,158 61,029,894 100 80 100 1530 90 1580 Charlotte Nat Bank. Commercial Nat Bk. Union Nat Bank American Trust Co.. e 500,000 300,000 1.200.000 100 3,079,600 share♦ 20 Charlotte— Jamaica, L. I.— Jamaica Nat Bank.. $ C 7.215,676 65,068,285 298,929,603 33,000 62,500,800 253,569 10.118.700 21,961,135 13,559,100 1544865349 3,147.614 529,955,693 20.543.701 35,179,333 7,806,127 259.658 800,000 825,000 1,000,000 2.000.000 28,775.512 100,000 I 500,000 Pleasantville— Mt Pleas Bk & Tr Co 7 20 10 18,068,723 e Ask price* 15 44 77.152,770 8,667,100 13.722,407 Bid O 102,993,310 10,0<£),000 $ 170,000 la 30,000 Preferred Westches Co Nat: Common Preferred _ "22'x "J6 New York Trust Co 12.500.000 27,938,852 377,291.104 Pan American Tr Co 138,800 600,000 3,938.500 Savings Banks Tr Co 2.500.000 5,366,200 115,949,900 Title Guar & Tr Co— Debenture notes.. Trust Co of Nor Am. Underwriters Tr Co. 9. 100 50 Common 32.998,440 145129357 645,093,134 Convertible pref__ 9,306,520 Marine Midi Tr Co.. 5,000.000 9,088,063 Common 11 28 h 100 155,900 3,336,700 850,973 9,724,616 638,200 14,338,100 653,123 194,089 ,650,902 915,956,619 257,500 20.239,500 ,133,648 874,830,874 .282,690 555.717,316 Par Nom. $ Peekskill— Peeksklll N B & T Co Common Per 25X 28, 1938 500,000 2,000,000 1.000.000 1,000,000 Gross Deposits 0Concl.)— Nomi Trust Institutions Sept. 28 Ask Bid Par Deposits N. Y. City {Concl.) $ National City Bank 77.500,000 59.015,763 1744181000 12X Nat8afetyBk& Tr Co el,016,300 998,900 C14,490,500 12 H Penn Exchange Bank e526,000 243,300 c 3.082.400 10 Pnbllo Nat Bk&TrCo 7,000,000 9,238,575 138,490,900 17H Schroder Bkg Corp 6,000,000 2,415,956 c24,955,888 Sterling Nat B & T__ 1.500,000 1,694,860 c26.562,978 "26 Trade Bank of NY.. 0416,300 302,600 c 6.123,000 12 X Bk of Athena Tr Oo_ Banca Com It Tr Co Banco di Nap Tr Oo_ B'kof Montreal Tr Co Surplus & Profits Capital Gross Slate NEW YORK • Surplus & Profits 107 50 75 200 100 100 250 262 100 Durham— Cltisens* Nat Rochester— Lincoln-Allia Bk&Tr Common... d 2,800,000 13,089,180 2.500,000 4% Con v. Preferred Central Trust Co- Common 20 600,000 1,170,000 292.620 15.866.455 Genesee Vail Tr Co.. e2,250,000 Roch Trust & 8 D Co 1,000,000 Security Trust Co— 577,663 4,880.282 15,694,995 34,332,387 Capital notes Common Capital 300,000 200.000 notes Union Trust Co: Common 2,439.467 31,205.147 26 28X 50 70.634,966 50 53 20 7X 25 "'Jx 85 1: 20 J100 Bank. 150.000 1,545,224 14,395,644 1,881,000 2,001,758 1.047,347 55 500,000 200,000 100,000 214,000 55,175 1,264,981 169,000 114,039 70,450 100 Fidelity Bank Depositors NatT Bk. Home Savings Bank Mech & Farmers Bk- 25 72 200,000 800,000 190,890 354.034 3,955,052 11,007,885 10 e 790,000 1,249,765 e 171,500 300,000 40 45 25 25 27 X 10 15 16 17.541.426 25 80 100 146,515 820,765 2,781,369 7.128,031 25 30 10 30 400,000 U ,304,174 324,960 Guilford Nat Bank— 900 19 25 20,046,067 100 21X Greensboro— 10 16" 80 20 Security Nat Bank' 95 1100 Rale igh— First Citizens Bk&Tr Wilmington— 3.000,000 Capital notes Jl, 139.713 1.000.000 44,987.421 People's Sav Bk & Tr | <30 Wllm Sav & Tr Co.. Wilson— Schenectady— Branch Bkg & Tr Co Common Mohawk Nat Bank— Common 322.049 400,000 368,076 507.222 1,380,097 300,000 750.000 Schenectady Tr Co.. 5,750,054 f 10 L 200,000 253,590 Preferred Union National Bank Citizens Trust Co— 10 7,874,644 7,368,401 15,112,600 Preferred 010 200 100 Nat Bk of Wilson... First National BankCommon 100 Preferred Wachovia Bk &Tr_. 848,993 21,393,811 20 Z2X j 352,912 9.120,767 20 14 e4,691,844 1,265,831 47,688,935 1,000,000 1,400,000 Jl,145.755 28,939.756 1.200,000 Common Preferred First Trust & Dep Co Common Syracuse Trust Co.. 750,000 175,000 110,000 Capital notes National Banks 020 3X Union Nat Bank Troy Trust Co 756,426 133,482 161,035 10 12 297.000 Preferred 990,000 Oneida Nat Bk & Tr Common Jl.756,970 31,117,810 Per 0 201,000 0 Merch Nat Bk&TrOo 20 n 50,000 500,000 150,000 4 6 10 .65 569,076 400.000 National Banks {2ft 146,196 5,332,522 100 o 100 n N re cent 25 sa les OHIO State Institutions Sept. 28 Nomi nal. Per Dime Savings Bk Co Common 200,000 la 161,248 20 15,617,580 23,151,612 3,436,316 100 159,590 490.000 1,250,000 100,000 Goodyear State Bk_. 3,867,362 I 35 I 40 BOOiOOO 240.000 435,343 10,389.932 N o 1,143,436 94,250 a N cent 0 re Capital debentures les 200,000 608,000 J 616,068 990,000 800,000 1,108,175 632,662 17,944,376 9,859,713 1,3421,835 9,773,051 3,219,061 1,558,380 14,061,297 100 cent sa Common re sa 112,000 share 100 Firestone I'k Tr&S B 210.000 share 100 060 9,604,550 / 20 I 25 First-Central Tr. Co. Capital notes les 1 . '• '■ Canton— J <25 First National Bank. 0 Geo. D. Harter Bank Westchester Co— e 100 145 100 Cincinnati- Bronxville— Gramatan Nat Bk & Atlas Tr Co 200,000 350,000 Bronxville TrCo Mount Vernon— First National Bank. e 650,000 267,500 Mt. Vernon Tr Co... e3.000.000 New Rochelle— Central Nat Bank. Flrst Nat Bunk e Huguenot Tr Co.. e 115,000 300.000 646.000 el,600,000 173,415 214,106 701,867 105,156 643,407 3,271,440 3,848,988 20 100 12,158,265 '100 3,029,822 100 6,830,227 e 10 84,882 325,229 78,853 593,914 2,049,597 4,448,426 1,467,025 14,618,209 20 213,411 1,720,455 20 2,366.610 100 30 Nat Bank Oinn Bk & Tr Co— Columbia Bk & S Co 0 e 400,000 200,000 191,750 a 125 125 25 IX 20 20 28 10 1 20 150 50 VA 1 31 3 25 180,016 138,121 100 270 280 100 90 97 10 7 10 t Marine Midland Corp. a June 30, 1938. ft March 31. 1938. c Sept. 28, 1938. d Lincoln-Alliance Bank 10,000 shares of its $50 on Feb. 1, 1939. e par & Trust Co. of Rochester, N. Y., to call in 4% convertible preferred stock at $52 a share Common and preferred stock or debentures outstanding. / Stockholders of the Title Guarantee & Trust Co of New York to vote recommendation to reduce the bank's capital stock from $10,000,000 to $6,000,000 and a decrease in par value from $20 to $12 a Jan, 17, 1939 on a share. Ossining— First Nat & Tr Co Ossining Trust Co 2,361,646 1,812,727 6,362,862 3,375,203 .75 Capital notes New Rochelle Tr.. 165,928 127,137 129,430 204,016 24 5 Watertown— Jefferson Co Nat Bk Watertown Nat Bk— Common.. Preferred Northern N Y Tr Co Common _ 10 Akron— 600,000 1 196,000 Preferred Fleetwood Bk (The) 10 100 NORTH DAKOTA Sept. 28 1 000,000 2,628,154 73.971.160 Nomi nal. Nat Bank.. Utica— First Citizens Bk & T 77,627 2,534,391 Fargo— Dakota 21,055,866 i 25 25 11,055,313 6,449.780 162 50 3,498,493 275 0160 5y2 Troy— 1,534,354 250 ______ 25 16 20 Fargo National Bk_. 400,000 600,000 631,200 160 3,103.829 36^ First Nat Bk & Tr Co Manufactur Nat Bk. National City Bank. I 900,000 e3.900,000 Sept. 28 Common 229,143 Winston-Salem— 100 Syracuse— Lincoln Nat B & TCo Merch Nat B & T Co 100.000 e 200.000 350,000 ft 171.394 0 Retirement price. by Marine Midland Corp. First report. I Last sale, n Member First Bank Stock Corp. 1 Controlled k National Banks Sept. 28 Cross Surplus & Profits Capital PENNSYLVANIA Institutions State OHIO Sept. 28 COMPANIES TRUST AND BANKS 108 Capital Ask Bid Par Deposits Surplus Profits share. Per 6,771,817 6,000,000 100 71,634,618 140 145 , Nsrwsod-Hyde Park 600,000 Lincoln Nat Bank__ Northslde Bk & Tr Go 204,680 600.000 I Bk & Tr Go 1,147,686 189,430 231,000 / I Prov S Bk & Tr Oo- 600,000 1,800,000 334,329 3,270,824 Becond Nat Bank 1,000,000 928,515 637,100 325,506 I People's Bk & Sv Go 600,000 Western Bk & Tr Go d2,000,000 Central Trust Go 5,000,000 Bo Ohio 8 Bk & Tr Go 2,226,243 5,000,000 13,339.431 2,300,000 Capital debentures 88 100 225 240 50 50 91,349,284 371,600 Allentown— 1,000,000 1,000,000 450,000 500,000 Bank Merchants Nat'l Bk. Second Nat Bank.. Allentown Nat 1,853,469 2,167,392 1,392,064 882,919 288,946 Lehigh Vail Trust Go 10 28"" "26"" Common Equity Sav & L'n Co Lorain Street BankNational City Bank- 150 Oommon 150,000 10 5 6 Preferred Bk Oo_ 79 82 97 100 CaDital notes. .J 100 100 120 5,871,986 flOO 120 140 42 14 424,526 4,090.857 f 270,274 2.645,685 200,000 Bank of Erie First National Bank. dl,160,000 146,723 724,618 56,639 137,995 278,171 1,116,894 14,550,603 3,490,826 425,473 13,742,881 I 50 50 68,017 1.529,034 l05" 15 300,000 736,350 200,000 16 loo' 250,000 263,390 249,300 50 Preferred Oentral Trust Co.. 300,000 100 260 220 ' 5' 20 6* a24 16 I 10 10 dl,282,000 300,000 Marine Nat Bank. Nat Bk & Trust Go.. 100 Security-Peoples TrOommon 60 20 24 X 22 K 100 100 70 100 25 30 Preferred Union Bank (The). 767,111 7,762,543 10 100 100 6623 o50 76 100 13,800,000 14,718,412 334,995,097 13,936.500 21,054,608 2,805,653 50,000 Lawrence Park N Bk 100 Harrisburg— 5 11 80 50 70 50 16 Citizens Trust Co— 125,000 Dauphin Dep Tr Go. Harrisburg Trust Go 400,000 400.000 1,284,581 1,448,926 2,856,465 4,441,792 6,567,558 4,403.912 1,017,605 13,218,612 12,062,138 67,634 / 1,749,294 i 130,326 139,075 2,364,721 i 208,034 68,041 i 3,243.065 100 2,980,141 27,019,155 1,710,525 2,584,590 53,109,417 3,838,476 1,435,588 69,121,445 17 18 100 170 180 50 62 67 10 400,000 600,000 625.000 807,835 1,079,943 417,265 10,674,500 10,979,917 8,724,200 20 427.567 6,301.884 10 235,743 1,850,802 10 7,125.849 53,695,001 9,408,688 50 396,510 300.000 Central Trust Go. Branson Bk & Tr Go 250,000 City Nat Bk & Tr Go dl,600,000 Columbus Saving Bk d 80,000 Fifth Ave Sav Bk Go c 200,000 Huntington Nat Bk_ d3.500,000 Market Exch Bk Co 200.000 Northern Sav Bk d 125,000 Ohio National Bk c4,000.000 400,000 300,000 100 20 c 300,000 1 180,900 300,000 Oommon 200,000 295,000 842,000 258,469 6.705,863 (100 610,989 14,118,235 "25 1,500,000 697,350 800,000 1,000,974 344,147 763,453 2,763,918 16,218,580 331 50 2,450,083 20 11,803,021 50 88,255,200 3,040,000 Olty National Bank. dl,100,700 Oorn Exch Nat Bank 4.550,000 & Trust Go 460,000 Erie National Bank. d 3,111,000 First National Bank. Oentral-Penn Nat Bk 95 90 40 45 36" "32* 52 48 276,795 9,204,481 104,227.515 175,563 3,797,583 5,446,952 87,615,292 90,343 2,769,925 287,708 9,300,509 4,378,746 32,235,617 2,051,588 13,502,123 200.000 Gimbel Bros Bk & Tr Kensington Nat Bk. dl,129,766 Market St Nat Bk_. NatBkofGer&TrOo Nat'l Bk of Olney— 1,000,000 400,000 D ollar Sav & Tr Go— 12,759,513 f 10 50 12 "25 "io" 12,783,765 17,865,928 "12" 110 120 15 100 16 Beneficial Ownership Trust Fund G-2 750,000 ... notes.._ 1,243.700 }' 152,740 25 5,681,867 95,000 250,000 200,000 North Broad NatTBk Northeast Nat Bank 4H Oommon 500.000 650,000 176,199 95,934 2,139,892 1,288,111 McAleater— Nat Bk of McAlester 100,000 First Nat Bk of McA 100,000 i 236,989 254,350 2,606,932 2,310,099 100 100 N cent sa 25 o re les 100 Muskogee— Citizens National Bk Commercial Nat Bk. First Nat Bk & Tr Co Oklahoma City City Nat'l Bk&Tr Co First Nat Bk & Tr Co 100 100 100 2,529,464 3,626,034 5,112,751 125 125 100 50 "24" "28"" 260 47 52 1,971,261 I 10 I 10 10 1,947.724 50 3,479,303 4 5 alO ~~4X f 25 69 65 a25 25 20 50 15 14 Ibl'K 106 H J 676,466 7,885.916 25 8K f 10 I 10 d 150,704 200,000 1 100,000 405,336 3.257.765 f 20 30 61,992 25 2,733,255 3,300.000 4,708,668 40,345,726 100 91,262 2,766,051 37 X 300,000 352,236 1,707,672 100 el,000,000 20 505.079 400,000 1,892,593 Broad Street Trust. 50 133,501 250.000 1,446,333 Ohestnut Hill T & Tr 100 529,231 16,859 Citizens & So B & Tr 125,000 Fidelity-Phila Tr Go 6,700,000 17,179,974 110,719.870 100 1,095,298 100 Finance Go of Pa 2,320,000 8,995,339 10 1,406,982 10,846,245 500,000 Frankford Trust Go. 10 Germantown Tr Go. 1,400,000 2,700.149 20,191,586 10 4.000.000 10,992,061 106,244,975 Glrard Trust Co 10 Industrial Trust Go. dl,132,250 1,150,263 11.261,810 Integrity Trust Co— 10 Common 995,973 5 1st preferred 2,000,000 1,677,405 34,804,886 10 2d preferred 3.000.000 d 125 150 150 8H 7 "T" 123 128 15 ..... Banca Oom It Tr Go. 6 252 17 14 262 138 148 43 45 14 1534 5734 13 8 5634 9 8 2K IK alO •"■4 8 Land Title Bk&TOo 150 185 Oommon 54.221J517 10 23 27 7,212,987 20.447,793 1,490.226 16,947,447 981,627 50 50 100 175 75 225 Mitten Bk & Tr Go 100 100 100 100 125 125 160 Northern Trust Co__ 50,000 281,532 3,606,884 269,276 916,949 48,113 417,741 29,556 100 125 2,000.000 2,364,981 51,548,822 200,000 5.000,000 Fidelity Nat Bank.. d 450,000 Liberty Nat Bank.. dl,200,000 Oklahoma Nat Bank. Tradesmen's Nat Bk Stock Yards Bank Tulsa— First Nat Bk&Tr Co Fourth Nat Bank— 170,320 516,828 424.562 100,000 300,000 400,000 100 Bank & Trust Go Wyoming Bk & Tr. Nomi nal. Per share. 100.000 75,000 36 281 Second Nat Bank— Tioga Nat Bk & TrOo First National Bank. First State Bank 30 276 Tradesmen'sNational Sept. 28 Outhrie— 42 41 60 100 South Phila Nat Bk- Institutions State 20 30 K 18 29 H 16 245 3.138,986 275,000 1 149,151 Preferred 225,000 f Philadelphia Nat Bk 14,000,000 25,715,108 390,336,958 d 2,450,467 269,818 135,001 Roosevelt Bank Oommon OKLAHOMA Sept. 28 186,081 205,981 10 100 10 Oommon Preferred National Banks 13 T~5X Northw'n Nat Bk— Preferred City Tr & Sav Bk— 76.420 105.000 I PppffiPPflH Youngstown— 1,250,000 I i 553,266 Capital notes 2,000,000 426,720 Mahoning Nat Bank dl ,623.000 Union Nat Bank 1,250,000 1,951,406 I 100 10 Oommon Common 145 50 Philadelphia— "25" T oledo— Commerce-Guard Bk 1,000,000 Spitzer-R T & S Bk. d 400,000 Ohio Citizens Tr Co. d 600,000 Toledo Trust Co.. 5,000,000 155 20 100 31,509,083 J100 1 60 .... 100 1420 25 Q 67 y3 Lancaster— Oonestoga Nat Bk.. Fulton Nat Bank__. Lancaster Go Nat Bk d Farmers' Bk&Tr Go Preferred Common 12 100 Northern Bk & Tr Go Preferred Third N B & Tr Co.- d Winters N B & Tr Co 10 c Dayton— Mercn N B & T Co— Common 7 10 25 160,318 432,009 864,290 915.226 30,276 Allison-East End Tr Capital Bk & Tr Co Harrisburg Nat Bank 100 Columbus— Capital 22 100 1100 Altoona Trust Go— Common.. Union Bk of Comm. d5,000,000 2,953,491 Union Sav & L Go.. 900,000 / 368.109 Common 20 293,900 100 5.000,000 11,426.762 121,788.527 7,840,000 598,354 2,043,068 250.000 I 770,745 7,558,961 400,000 i 155,081 d 4,571,613 484,000 9,000,000 4,513,259 148,002,953 54,127 573,552 d 190,000 i Cleveland Trust Go Common of 10 Brio Preferred Ulev Say & Loan Co_ Ctfs 150 25 135 38 100 Altoona— First Nat Bank— 145 125 152 100 100 4,895,600 Bank Co. d Central Nat Bk— Preferred share. for $ 13,113,722 8,238,691 5,465,156 6,476,331 100 Cleveland— Amer Sav North Amer Ask Hid Par 65 Oo- Fifth-Third-Union Tr ust Common 100 5,158,228 9,432,204 2,316,995 3,037,859 44,946,414 15,697,840 7,239,838 11,397,908 66,698,112 93 Cross Deposits Nomi rial, Nomi nal. Cincinnati (Con.) First National Bank. Sept. :io 100,000 500,000 100 5,715,439 Preferred Liberty Title & Tr Go . Ninth Bank & Tr Go Nor Phila Trust Oo. Penn Co for Insur 3,750,000 16,667,848 7,350,000 el ,000,000 1,240,121 1,192,278 1,500,000 770,712 d2,221,990 500,000 2,865,476 500,000 1,356,602 33.721,495 [ 5 1 10 3H 2K 9,420.018 50 "25 6,697,034 19,112,628 12,440,079 7,189.282 50 ~30" 20 10 100 50 26 , 9K SK 502 512 92 97 on Lives & Grant Ann Common. Preferred 125,000 1 175,000 287,050 20 5,638,987 t 27M 30 25 20 4,788,657 65,776,464 15 20 ( 10 20 100 25 Dep Oo_ Real Est Tr Co 1 20 Nat Bk of Oom'erce. d 350,000 62.593 Nat Bank of Tulsa— Common 2,500,000 12,769,539 Preferred 1,125,000 West Tulsa State Bk 25,000 14,417 Tr & Safe Penn W'h'g & S D Go Provident Trust Security Bk & Tr Co. Sonsitaly Bk & Tr Co 8,400,000 18,739,249 229,181,819 848,455 750,000 1,154,589 3,200,000 14,035.682 46,920,429 2,405,970 10,335,514 1,500,000 3,213.826 227,758 300,000 870.568 125,000 34,938 100 29 H 59 28* 50 10 330 30 338 33 5 6 50 20 35 2,982,793 1,340.375 50 40 50 25 665,341 10 2 11,087,584 100 95 28 Pittsburgh— Allegheny Valley Bk. Ii6" 200,000 Arsenal Bank 358,266 10 100 100.000 Bank of Ohio Valley. Braddock Nat Bank. * Preferred 200,000 500.000 Sale price. a 236,176 267,455 113,543 913,561 stock retirement price. b March 7, 1938. Member of the BancOhio Corp. d Oommon and preferred stock or c National Banks Sept. 28 OREGON Institutions State Sept. 28 e Control and ownership debentures outstanding, of substantially all of the stock Commerciale Italiana Trust Co. of Philadelphia, Pa. has Nomi nal. Eugene—' First ^National Bank Per 200,000 364,196 7,177,806 share 100 Bank of the Banca been acquired by of Philadelphia, preparatory to a merger / Dec. 31, 1937. g Harrisburg Trust Co of Harrisburg, Pa. recently split its capital by reducing the par value of the shares from 8100 to 825 a share. r Portland— First National Bank. Portland Tr & Sav Bk United States Nat'l the Liberty Title & Trust Co. the former institution, h Preferred stock retired. 3,000,000 300,000 5,603,512 102,850,890 510,040 4,233,605 100 172 185 100 85 90 4,500,000 5.776,539 115,885,042 20 33 H 35 I Last n The i June 30, 1938. v of stock _ sale. National Bank of Tulsa, Okla., recently retired 8250,000 preferred stock and increased its common stock to 82,500,000 000 formerly outstanding. s New stock. x Ex-dividend. V Ex-rights. of its from 82,375,- BANKS Jan., 1939] Capital Surplus & Profits Cross share. 165 15,972,870 5,521,459 452,477 654,327 265,527 44,043 J 960.977 700,000 Citizens & Sou Bank 0 Carolina Sav Bank-- 150 200,000 50,000 1,100,000 1,200,000 200 Miners & Merch Bk_ Per $ % Charleston— 170 175 Common 100 Preferred- 5,220,638 9,160,620 3,278,271 100 100 50 648.480 50 1,246,299 2,312,498 10 5 First Nat Bk of Ool- 200.000 50 70 Lower Main St Bank 35,000 g share. 14 X 10 100 100 15*4 95 95 Bk (The) 138,979 .472,197 1,589,117 4,410,565 250,000 200,000 32,195,317 flOO 559,383 633,502 5 6 1100 146,477 236,118 100,000 172,700 Bank 100 7*4 Columbia— 4,643,553 10 .1,364,434 25 5,688,915 3,967,381 20 53 55 10 24*4 25*4 2,494,129 / 20 10 9** . at Pittsburgh Iron & Glass Dol Sav Keystone Nat bk— Common 200,000 125.000 7.500.000 Preferred Common. Preferred Nor Side Deposit Bk Pitt National Bank_ Polithania State Bk. Western s & d Bank 50 20 125 3,849,900 K50 310.745 \ 50 15,125,195 298,092,358 100 Greenville— First National Bank- 62 1.827,603 I 25 1 25 40 1,696,549 50 11,036.300 10 «50 Spartanburg— Com'l Nat Bank— 61,539 , 125,000 1.320,000 2.000.000 164,354 670,749 118,997 168,537 3,982,837 5,717,939 551,000 873,895 2,051,959 2,468,713 150,871 1.269,885 10,764,375 250,000 383,415 700,000 200,000 50,000 2.000,000 1.000.000 i 495,000 700.000 Allegheny Trust Co. Colonial Trust Co (3,742,300 Com'wealth Trust Co 1.500,000 Co. Farmers Deposit Tr. Fidelity Trust Co Manchester Savings 927,452 1,240,898 29,678,379 34,185,013 3,676,816 6,225.082 30,370,056 19,533,068 2,561 ,ol3 151,365 22,095,353 Preferred 65 25 120 40.000 - «25" . 60 15" 50 50 100 100 50 100 100 100 160" 150 36 80 80 NaXlB28k' SOUTH DAK0TAs'a'se?*'28rton* > 55 Nomi nal. 90 87 65 Per Sioux Falls— & Tr. Nat Bk of So Dak 155" 100 25 80 N or thw't SecurNatBk i 85 Union Savings Bank- 2,476,328 50 20 25 382,876 95,703,872 1,302,426 186,908 107,000 400,000 1,063,649 9,656,727 100 4,848,947 3,313,725 plOO 8,661,624 /TOO 800.000 1,354.646 N share. 0 re cent sa 100 les 25 96,007,962 6,700.160 1,631,676 1,872,204 241,225,387 6,128,705 1,740,809 2(055,000 First Nat'l Bk 184,722 224,681 114,957 55,166 385,000 250,000 i 50 175,000 Bank & Trust Co. 71,853 160,000 1 Common 141,625 108,375 200,000 • mrnmrnm , 0,000,000 11,065.763 416,162 875,000 291,203 150,000 Bank Union National Bank Union Savings Bank. 50 100 Peoples Nat Bank Mellon Nat Bank Nat Bank of America Dormont 8 & t 100 100 200,000 200.000 Fourteenth St Bank. Sheraden Per (d) Ask Nomi nal. 417,036 536,175 255,892 974,778 198,178 474,489 300,000 500.000 615.500 200,000 Forbes National Bk_ Freehold Bid Par Deposits South Caro Nat Bk— First Nat Bank & Tr Co of East Pitts. Hill Top Bank Homewood Bank Cross Surplus & Profits Capital Nomi nal. Pittsburgh r $ (Concluded.) 5,070,967 53.652,726 Dollar Savings Bank d 87,925,569 Farmers Deposit Nat 6.000,000 10,594,708 First National Bank 6.000,000 6,354.625 100,527,173 Hazelwood Ask Bid Par Deposits 109 COMPANIES TRUST AND 150,000 Peeple's-Plttsburgh Tr Co Potter Title & Tr Co i Provident Trust Co. South Hills Trust Co 125,000 , Union Trust Co 1,500,000 Washington Tr Co.. 500.000 West End Bank William Ponn Tr Co. 200,000 i 5 5 100 100 26*6 8 85 100 5800 10 50 Nomi nal. 50 50 651,780 1,269,479 456,002 2,555,421 1.170.300 6,171,243 21,540.333 4,015,204 15,952,906 75 *6*6 *11x 17 18 Soranton— 201,724 6.935,787 150,083 346,978 54,644 1,301,797 61,139.115 1,317,972 2,840,378 988,195 25 1,000 i 200, 100,000 134,761 2,414,229 50 400.000 744,641 4,970.692 1,000,000 100,000 250,000 835,896 16,207,088 567.643 2.835,590 150,000 184,375 85,504 1.908,741 750,000 Hanover National Bk i 200,000 Miners Nat Bank 2,500,000 Second Nat Bank 1,000,000 w-b Dep & Sav Bk. 500,000 Wyoming Nat Bank. 500.000 1,459,761 r. Scranton State Bk First National Bank. Green Ridge Bank.. North Scrant Bk & Tr Providence Bank 200,000 4,050,000 200,000 300.000 i 300.000 25 18 Common Preferred ..... South Side Bk & Tr. Third Nat b & t CoCommon ... Preferred West Side Bank Preferred 190 200 415,641 325,000 1 325.000 <2,740,000 1,289,036 10,024,847 flOO 1100 40,824,975 100 150 155 49,765 128,655 100 1,613,871 2,644,569 6.25 24,619,469 100 100 11,482,060 135 8 9 230 240 50.000 < 200,000 HamiltonNationalBk < 925,000 Park National Bank1,000,000 38,815,999 26,139,758 1,328,438 100 280 295 100 220 230 100 220 250 4,684,192 64,720,061 10 27 28 3.000.000 11,454,966 52,402,835 / 10 163* 17*6 10 20 21 9,615,725 J100 1100 100 26,667,130 (6) 50.000 40 60 Bank & Trust Oo_ 25 60* 65" Nashville— 25 43 46 1,681,822 2,234,650 3,500.000 a 75 a American Nat Bank Common ! 72 25 25 3 *6 Broadway Nat Bank 158,009 6.021,258 2,777.729 620,544 725,535 9,196,784 1,290,289 23.113,355 15,132,987 4.592,168 7,722,240 100 2.406,766 4,605,190 5,094,500 175 205,925 384,284 504.417 250.000 500.000 lal 113242 1,133.300 1,000,000 1.354,405 30 50 45 95 Preferred First National Bank. 25 335 22 345 2A 50 88 92 10 7 *6 25 10 30 20 23 50 National Banks 20 10 f 2.037,222 190.000 i 343.527 31,145 598,116 198.596 512.585 895.553 517,845 820,484 1,227.974 150,000 100,000 500.000 125,000 225.000 York Co Nat Bank 300,000 600,000 500.000 750.000 Nomi nal. Per share. 3,208,395 673,499 7,982.526 1,668,162 4,246,621 6,064,728 4.607,764 4,195,807 7,537,344 10 6*6 450,794 552,431 576.750 7*6 125,000 75,000 53" 70 16 15 10 10 17 58 25 56 34 . 25 57 15*6 RHODE ISLAND 16 t i 11 Oct. 17 150,000 82,700 _ Nomi na<. Common Preferred High St Bk & Tr Co - Per j 25 - ~e2b" 125 300.000 61,143 496,645 500.000 1,154,758 4,028,6 88.640 1,755,0 652,045 2,841.076 share. 35 60 100 Preferred NatBank of Oom&Tr Phenlx Nat Bank Providence Nat Bank Industrial Trust Oo_ Lincoln Trust Co Rhode 1 Hos Nat Bk_ Rhode Isld Hos TrOo Union Trust Co rec sa o ent les 20 150,000 1.000,000 50 51 100 jlOO 1100 71,608.712 6,194,268 23,036,388 4,156,742 388,118 889,581 J 2,393,687 J 104,512 125,000 75,000 Capital notes 20 100 20 V 30 36*6 37*6 ""55"" "51"" 210 46*6 215 47*4 2,266,939 75,658 |100 I 20 100 31 32 1 107,100 92,900 120.000 | 226,802 J10 9 110 1,599.481 50 elo 350 .000 150 ,000 | 218,246 4,997,50 (25 '120" 17 850 ,000 50 886,917 8.053,301 450 ,000 50 951,805 3,232,549 100 11,640,846 1,500 ,000 2,531,995 100 4.000 ,000 10,526.962 113,496,576 125 000 178.442 25 1,620,939 2.600, 000 2,959,415 47,130,187 *100 5.000, 000 012167,757 41,628.396 1000 100 1.000. 000 1,539,415 24,631,724 Sale price. 0 June 30, 1938. ft Member of First Security Corp. "65" "75" 120 285 305"" 160 175 Liberty State Bank of Dallas, Texas, voted on Nov. 9, 1938, to recom¬ an increase of $125,000 in capital subject to approval of the stock¬ 10, next. d A mutual savings bank. e Preferred stock retirement price. c mend 33 1950" * t Citizens & Southern Bank of Savannah. Ga., system. 22 125 2155" 135 holders on Jan. f Member of the Northwest Bancorporation. g Affiliated with the Citizens & Southern Nat. Bank of Atlanta, ^common and preferred stock outstanding. k Stock all owned by the Rhode Island 1 Last sale. Woonsocket— Woonsocket Trust Co N 100 100 s-s Common 78 Mechanics Nat Bank Common 100 28,586,383 / 20 800.000 4,000,000 100.000 53,600 Common Capital notes 150 4,620,298 J 176,286 1,200,000 11,118,794 4 Newport— Aquldneck Nat Bank 6.502,390 116,880,851 62,561 1,608,493 8,000.000 25.000 Mercantile Nat Bk- 6.314,9 9,699,536 12,615.456 2,256,857 D O—— . 262,567 «100 35*6 - 400,000 210.000 120,000 (100 59 10 . Secur St Bk & - Providence— Blackstone Can NatColumbus Nat Bank: 100 Beaumont— 192*6 195 100 20 Liberty State Bank: Common Newport Nat Bank__ Newport Trust Oo__ 100 3,214,936 flOO 564,773 877,979 92,302 "25" "22" First National Bank. Preferred 13,738,791 15,064,233 J 144,516 400,000 400,000 200.000 5 10 00 Hillcrest State Bank. Common Sept. 28 Austin— < Western Nat Bank Guardian Trust co York Trust Co Institutions State TEXAS Capital Nat Bank— 250,000 In 186,390 Indus n b West n y. York n Bk & Tr Co. 110 255 97 100 York— Drov & Mech n Bk. Eastern Nat Bank.. 105 245 185 300.000 Cent Nat Bk & Tr Co Common 20 Nashville Trust Co— Sept. 28 250,000 225.000 5,408,676 20,413,664 630.201 1.072.985 300,000 1,000,000 Common 25 1100 3,500,000 Preferred 25 Williamsport— Bank 556,007 145 87.123 State Savings BankUnion Planters' Nat'l Preferred West Branch Bk & tt 1,240,998 1,000,000 1,000,000 20 50 Third National Bank Williamsport n Bk_. "136" 135"" Memphis— First National BankNat Bk of Commerce Wilkes-Barre— First National a Oomm'l Bk & Tr Oo. Commerce-Union Bk First National Bank 11,486,478 1,039.411 Knoxville— Bank of Knoxville 80 32 "28" 15 Penna Trust co— Common share. 100 025.000 28 40 50 Scranton Nat bk— Commo Per Chattanooga— Co_. Commercial Nat Bk: Amer Tr & Bkg 34 Preferred 1,000,000 1,800,000 300.000 Sept. 28 6000 6*6 Hamilton Nat Bank. Union National Bank Berks Co Trust Co.. Institutions State 95 100 Reading— City Bank & Tr Co Reading Trust Co.. TENNESSEE Sept. 28 Workingman's Savgs Bank & Trust Co. National Banks 70 445,000 158.297 3.182,798 100 1100 n p x Hospital Trust Co. March 7, 1938. Affiliate of the First Bank Stock Corporation. Ex-dividend, y Rights. Ga. 110 BANKS National Banks Surplus & Profits Capital National Banks Sept. 28 Cross Par Deposits Bid 444,768 1,407,781 Ask Lynohburg— 14,121,485 34.296,163 1.500.000 12,361.421 900.000 9,532 15.420 : 225.000 92,154 First National Bank: ft Worth Nat Bank: Common 563,448 1,068,184 42.031,007 750.000 1.500.000 Preferred Fraternal Bk A Tr Co Union Bank & Tr Co 1 70 20 42 44 4,009,499 4,225,330 60 120 100 ./ 145 81,296 105,867 479,845 259,088 650,930 3,151.742 100 250,000 2.500,000 1,500.000 a 157,800 513,529 860,062 1,140,854 v 74,504 3,584,905 32,946,816 17,624,182 1,751,658 200,000 276,000 184,603 86.242 2,794,411 2,669,759 195,298 93,369 272,181 6,141,355 1,167,189 2,930.792 965,766 970,043 68,335 3,467,444 139,035 9,507,045 18,339,913 780,621 71,749,221 2,045,372 S 105 130 Merch A Planters Bk Loan Bank 131,785 100,000 300,000 a v 5 I 6H 5 I 9X I 353 H 20 390,249 Norfolk— 10 1,206,795 100 Seaboard Citz N Bk City National Bank- 200,000 200.000 389,661 368,804 15,510,035 4,628,224 100 First National BankEE at chin gs-Sealy National Bank— U 8 National Bank— 750.000 500.000 451,898 866,506 9,887,565 10,486,413 100 50 100 100 240 117 25 34 100 250 118 34J4 100 o cent les PetersburgCitizens Nat Bank— Petersb Sav A A a 10 10 10 7H — — mmm Portsmouth- Houaton— Citizens State Bank- 250,000 a 213.774 298,170 100 5,252,097 11,894,796 110 20 32 American Nat Bank- a Trust Oo__ Merch A Farmers Bk a 500,000 250,000 449,000 Citizens City National Bank: 500,000 100.000 Common Preferred | I 35 v 50 N 100 100 sa 0 re cent les 1100 Richmond— First Nat Bank— 3.000.000 Common 1.740.000 ... ^1,834,357 160 49,955,408 JlOO 1100 Bank of Comm i 5165" Houston Nat Bk— o Common Preferred Second Nat'l Bank— Nat Bank of Comm. State National Bank Union National Bank Texas 519,365 375,989 Lynchburg Tr A 8 B. 42 Galveston— South 100 600.000 500,000 People's Nat Bank— Depositors Industrial 65 40 Nat Bk of Commerce Preferred Ask Nomi nal. Per share. I 153 7,795,196 Trust Co 60 20 I Bid Par $ 582,991 First National Bank. Oom'lTr &Savs Bk: - Cross Deposits Lynchburg Nat Bank Port Worth— a 8 Sept. 28 1.000.000 100 A Continental Nat Bk. Surplus & Profits Capital 100 9,231,701 19,771,029 State Institutions VIRGINIA Sept. 28 Nomi nal. Per share. $ 3U0.000 300.000 *E1 Paso— El Paso Nat BankState National Bank COMPANIES TRUST State Institutions TEXAS Sept. 28 AND 632.500 367,500 1.000,000 a2,875.000 a 1,000,000 1.000.000 345,445 I 1.663.152 4.304.445 321,352 1,424,444 90 13.450,668 JlOO \125 27,875,625 100 '230' 40,528,452 100 340 100 155 9,043.831 29,332.342 100 195 100 Central'National BkConsol Bk & Tr Co__ First A Mer Nat Bk_ Mech A Mer Bank— State-Planters 100 100 300 102.048 6,749,086 5,156,660 100 100 Common 210"" "155" mercial Nat Bank. 1.500.000 2,073,139 200.000 261,008 600.000 1.019.153 Houston Land A Tr. al.500.000 490,540 San Jacinto Nat BlcOommon 342,000 I 111,894 Preferred 308.000 Port Arthur— First National BankMerchants Nat'l Bk. 100.000 200,000 Preferred | 821,348 5,030,290 4,137.796 Virginia Trust Co__. "85" 90 1,250.000 11,225,933 1,750,000 400,441 200,000 180,860 200.000 v 995,061 al,000,000 100 34 27 20 38 30M ""48" "49H 100 16 52,499,438 fl*s 17^ \100 3,474,648 3,275,028 5,483,477 25 "73H 15 25 50 69 72""" Roanoke— 378,465 1,606.942 398,197 500,000 1,000.000 800.000 5,901,867 25,357.556 5,045,848 50 100 70 225 100 90 625 100 18.589.252 310 70 6.193.917 J100 1100 574,189 309,127 500.000 912,500 41,302.811 20 20 10 Ban! Sav Bank A Tr Oo__ Fidelity Trust Co— 80,000 3.000,000 200.000 A Trust Co: Com¬ Guardian Trust Co.. 600,000 1,000,000 J100 100 San Antonio— Alamo National Bk: Common- ... Preferred (Bexar Co Nat Bank- 200,000 1 148,839 92.800 1.200.000 1.281.018 Common Preferred Frost National Bank Groos Nat Bank— Common........ 350,000 1 114,889 Preferred 120.000 Nat Bank ol Comm. al .000.000 1,039,798 National Bank ofFort Sam Houston 100,000 91,051 San Antonio Nat Bk 400.000 127,618 South Texas Nat Bk- 300.000 Oommon Waco— Citizens' Nat Bank-. First National BankNational City Bank. 125 National Banks 145 2,523.146 J 50 1 50 40 * 100 200 5,260,193 JlOO 1100 22,338,894 100 92 36,770.226 1,568,715 4,548,135 100 100 3,789.859 325,588 WASHINGTON Sept. 28 1100 255" 155 45 d50 230 99 dlOO 250 185 50 100 Institutions State Sept. 28 Nomi nal. Per share. Seattle— Seattle—First Nat Bk Nat Bk of Commerce 8.000,000 2,500,000 2.500,000 1,350,000 Pacific Nat Bank Peoples N B of WashSumitomo B of Seattle 200,000 University Nat Bank 400.000 Seattle Tr & Savs Bk 550,000 5,407,999 139,486,404 i 20 3.851.400 71,005,817 c 25 100 1,273,963 20,697.671 20 837,460 24,778.185 110,589 2,390,206 100 20 155,211 5,944,500 50 650.038 7,546.773 30 31 m 155"' 140 r 29 32 "30"" 24 60 65 Spokane— First Nat Bk in Spok Old N B& UnTCo. 500.000 156,695 Common 550.000 671,908 Preferred 450,000 a 5,586,441 100 40 45 ~ Natiimal Banks 7,921,601 9,992,529 175 185 50 74 80 100 80 642,851 956,401 258,528 20,267,722 5,545,625 Washington Trust Co Salt Lake City— Dontl Nat BfcATr Co 6,190,506 18,007,529 100 Nomi nal. 100 Charleston— Per a 900,000 750.000 750.000 11,642,836 15,964,985 15,253,090 14,479,963 3,057,081 Common 1.062,500 550,000 100 100 100 60 75 160 170 175 182 185 192 KanawhaBkg&Tr Co 100 100 115 125 Capital notes Kanawha Valley Bk. Nat Bank of Comm Preferred Common 19.773.252 J 25 I 40 J2.225.510 5,093,160 {100 N 0 re cent 19,156,353 2,811,438 s 632,335 I5o sa les J 679,974 26,329,759 jlOO 95 105 Central Trust Co.. 500,000 1 358.610 25.000 1,000,000 1,387,352 200,000 93,022 500,000 311,431 Huntington— First Hunt g Nat B1 - 1,000,000 1,249,155 16,282,019 O122.000 35,387 867,332 12& Twentieth St BankNational Banks Sept. 28 VERMONT State Center Wheeling S Citizens Mutual Per 210,000 People's Nat BankQuarry 8 Bk & Tr Co 200,000 204.500 v 500.209 246.661 153,652 3,608,580 2,667.138 1,921.880 100 100 100 "75" share. 100 a Security 683,011 496,863 82,192 391.745 6,309,812 6,786,548 730,774 3.194.069 100 100 228,514 2.508.029 Trust Co.. Wheeling Dollar Savi 100 o 40 Montpelier Nat Bank Montp'r 8 B A Tr Co uv 150.000 I 180,000 100,000 614,951 v les A Trust Co 207,955 108,151 224,303 150,000 Killlngton Nat Bank 100.000 Preferred Rutland Trust Co... 297,429 138,225 1,120,447 100 4,906,746 100 85,413 25 594,108 616,838 160,379 752,003 1,643,331 4,835,581 5,080,881 1,113,654 4,994,591 2,691,173 18,086,063 449,605 / 500,000 500,000 100.000 300.000 1,800,000 * 2,739.729 f 100 U00 20 1.935,749 1,395,857 100 2.866.330 1,037,810 25 c 30 Member of the Marine 125.000 a253.500 153.529 2.996,633 151.595 2,046.621 JlOO \100 v 100 80 90 "85" 165" 90 100 280 3&5 100 120 125 outstanding Bancorporation. d Preferred stock retirement price. Member of the Northwest Bancorporation. / March 7, 1938. 10 100 100 ...... 100 100 Sale price. Common and preferred stock or debentures 6 Member of First Security Corp. o 0 Dec. 31. 1937. cent 100,000 it* 95 t Stock of South Texas National Bank of San Antonio, Texas, all held by Central Securities Co. with exception of directors' qualifying shares. e Rutland— Clement Nat Bank— Rutland Co Nat Bk: Common.... a 107,414 529,155 a 407.500 16 50 cent 100 First National Bank: Preferred Half Dollar Trust Sav Bank Nat Bank of W Va__ 150,000 600,000 a Co Nat Exchange Bank t 80 Side Bk A Tr Co. Burlington— Chittenden Co Trust 491,500 BowardNatBk&TrCo 600,000 Merchants Nat Bank 150,000 Burlington Trust Oo. al .085.961 100 Wheeling— Sept. 28 Barre— Granite 8 B & Tr Co 100 Institutions Nomi nal. Common share. Charleston Nat Bk: 374,798 First National Bank a 1,245.351 Utah State Nat Bank a 901,348 Eton's Sav Bk & Tr 1.000.000 vl ,070,665 Utah Sav A; Trust Co 300,000 251,498 Walker Bk A Tr Co: Common 1,500,000 350,000 Capital notes Montpelier— Capital 8 B A Tr Co 140 IS 16 mV.Tk> WEST VIRGINIA Nomi nal. Per share. 113.604 1,358.571 130 Sept. 28 Ogden— Commercial Sec Bk_ a 525,000 First Security Bk NA al,000,000 100 25 1.40 State Institutions UTAH Sept. 28 100 808,567 200.000 Taooma— Nat Bank of Wash-. al,415.000 Paget Sound Nat Bk a 760.000 366,982 487,525 91,308 250.000 890.000 100.000 19,930,274 JlOO <1.25 \100 7,706,276 100 < Member First National Corp. les 1 n Last sale. stock retired. Preferred o Controlled by the Joseph F. r Member s Trust t All stock held u v x Meyer interests, People's Corp. funds. by Old National Corp. Reserves. June 30, 1938. Ex-dividend. ! National Banks State Institutions WISCONSIN Sept. 28 Exchange State Bank Nat Bk of La Orosse. State Bk of La Crosse Nomi nal. Per share. 25 20 « 20 4,672.958 1,241,976 100 5,724,169 elOO 45.317 348,503 167.756 2.815,314 Ask Bid Par Deposits $ 245,653 $ 500,000 fll75.000 400.000 100.000 La Crosse— Batavian Nat Bank- Sept. 28 Gross Surplus & Profits Capital N o re cent sa 100 les Milwaukee— Olty Bank & Tr Co__ 2,131,268 3,304,110 135.478 155,204 200,000 350,000 19M 20 40 100 Gross Surplus & Profits Capital Amer State Bank 111 COMPANIES TRUST AND BANKS JAN., 1939] S $ $ Bank of Nova Scotia 12,000.000 24.000.000 253,637,504 Per Halifax- 50 Ask Bid Par Deposits cent. 100 300 304 100 236M! 100 100 174 201M 204 100 210 First Wise Nat'l Bk— Common Preferred Home Savings Bank. KI1 bourn State Bk 5,000,000 17,647,525 196,717,294 8.000,000 2,045,371 162,368 a350,000 a 69,674 1,592.834 130,700 4H {.!. 4M "l6~~ 20 18 ONTARIO 20 Lincoln State Bank: 62.525 100.000 1 300,000 2.200.000 2,355,746 Common Income debentures Marine Nat Exch Bk 1,186,346 100 33,871.973 20 Per ,cet Toronto— 37 39 Bank 6.000.000 of Toronto 9,000,000 118,973,592 553,004,110 7,000.000 116,214.387 8,oon,nrvo 133,019.166 Can Bank of Comm. 30.000,000 20.000.000 114,657 Marshall & Hsley Bk a2.970,000 a 598,000 Northern Bank-.... a 150,000 Park Savings Bank-- a 539,500 44,751,436 2.022,886 2,147,297 1,841.982 62,707 94,278 882,665 306,694 647.512 1,994,609 1,956.896 4,540,672 4,046.110 4,501.913 1,954.145 24,456 34,065 Mitchell St State Bk. State Bank of MUw. a TeutoniaAveStateBk West Side Bank Wisconsin State Bk_ First Wise Trust Co. 550,000 466,700 400,000 300,000 1.000.000 c 22 19 20 Dominion 100 7,000,000 Bank Imperial Bank of Can "lOO 6 100 20 100 150 32 :rj»: QUEBEC 200 34 Per Montreal— 86,000,000 39,000.000 732.026,760 Banque Oanadlenne. 7.000,000 5,000,000 132,179,207 750.000 18,394,620 1,500,000 BarclaysBk (Canada) 47.099,491 1,000,000 4,000,000 Provincial Bk of Can Royal Bk of Canada. 35,000,000 20,000,000 743,502.200 Bank of Montreal ♦ WYOMING Sept. 28 a c 207 M 209 100 163 100 "115 100 186 outstanding. June 30, 1938. d Unit of the Wisconsin Bankshares Corp. e Per CheyenneAmerican Nat Bank- 323,540 289,231 250,000 300.000 Stock Growers N Bk_ 5,537,365 7,463,118 Member of the Northwest Bancorporation. share. I Last sale. 100 100 x Ex-dlvidend. Joint Stock Land Bank Bonds and Stocks Quotations Bid. Bond*. Atlanta 100% 30 35 6 4M 4M Chicago 4%s 6s Dallas 100 M 99% — Burlington 5s 101 3s Denver 3s First Carolina^ 5s 99 for the last day of the month 6 . M 102 100M 98 99 100 95 Illinois Midwest 5s Iowa of Sioux 93 City 4 Ms 100 86 Lafayette 5s Lincoln 4 preceding the date of issue. Bid. Bonds. Ask. 99 M 3s Atlantic 3s are 5s 86 Ms 99% New York 5s 100 North Carolina 3s 99M Bonds and Ask. 97 96 101 Bid. Stocks. 99 Union of Detroit 4 Ms. 5s. 99 M 100 Virginian 3s 89 STOCKS 88 Par Atlanta .100 101 Atlantic .100 39 100M Dallas .100 110 102 42 45 Denver .100 35 99 M 100M Pacific Coast of Portland 5s— 100 101 Des Moines! .100 55 99% First of Fort Wayne 4 Ms. First of New Orleans 6s__ First Texas of Houston 5s 101 Pennsylvania 3%s Phoenix 4 Ms 99% 104M 100% 106 M First .100 107 108 M First Trust of Chicago— 100 101 100M Fletcher 3 Fremont 4%s 102 77 80 78 82 - 5s Potomac 99% 3s St Louis 6s San Antonio 3s_ Southwest 58 30 ------ 100M 32 Carolina^ PVeemont.Lincoln ........... 99 M 100M Southern Flat price. x Minnesota New York. North Carolina .100 -100 .100 69 - 5s 73 Potomac 11 13 San Antonio .100 .100 .100 .—5 .100 100% 101% Pennsylvania Ex-dividend. / I -o 3M .100 Virginia Virginia-Carolina 5s Greensboro (N O) 3s ' 45 100M Ohio-Pennsylvania 5s Oregon-Washington 5s_- - 166 100 Sale price. Common and preferred stock debentures cent. 100 t Wisconsin Bankshares Corp. no par stock. National Banks 214 f- 6M 5M 20 1177 55 45 20 7.000.000 i h* 65 20 85 65 1.55 75 lis"" Quotations are as near as possible for the closing day of the month preceding the date of issue. Bid. Bonds. Ask. Bonds. Abraham Lincoln Hotel (Reading, 60 Pa) 1st extd 4-5s 1945 A&O 62 Albany Metropolitan 5-0s 1949-. Alden (Hotel) lst3-5s 1957-F&A 3534 Allerton 55th St 534s 1945—F&A d 101 Allerton N Y Corp Cum income 2-6s July 1 1955— / 17 Allied 65 Amer Insur Un Bldg 6a 5034 Non-cum inc 5s June 11949J&J Adj non-cum inc 6s 1957-M&S Assoc Realty Bldg <Los Angeles) Income 5s 1948 (w-s) J&J / Baker Hotel (Dallas)— 1st s f 5s 1950 (with stk) -F&A Bait Parcel Post 534s 1949 Bauman (Ludwig)— 1st 5s (Brooklyn) 1947 1st 5s (Long Isld) 1951 Beacon Hotel inc 2-4s Apr 1958-- / Beilevue-Stratford (Phila)— • 5^8 1935 J&D Benj Franklin 6s ctfs 1933 Berkeley-Carteret 5 34s '46.M&N Bing & Bing deb 634s 1950 V&S { Income 7s 1950 w-s M&S Book Tower (Det) 2-5s *52-(w-s) Boston Parcel Post 3s Oct 1945— Boston Postal Serv 534s '38-J&J B'way Barclay Office Bldg— 1st. 2d 1956 Bway Mot Bldg <N Y) 6s *48 F&A Bway-Spring Arcade Bldg— Non-cum 3-5s April 1 '57-J&D Bway & 38th St 7a 1945 J&J Bway & 41st St Bldg 3-5s 1944Bklyn Fox Corp inc 3s Oct 11957 Brown Hotel (Louisville)— 1st sinking fund 5s 1949 - — - - 2nd income 6s 1949 18 40 Exchange Place 5 34s 1950.J&J 40 Wall St Bldg 1st 6s 1958 42 Broadway Bldg 6s 1939 J&J 48 St Real'n Corp l-4s__Mar 1952 70 101 39 41" 61 53 1400 B'way Bldg 4-634s stpd 1948 1410 B'way Bldg 3 34s 1941-A&Q Fox Det Theatre 6s 1942 ...A&O Fox New Academy of Music 3134 434 3334 534 1st leasehold 6 34s to 1941.M&S Fox Theatre & Office Bldg 1st mtge 6s 1943 65 59 35 6634 34 19 34 37 46 Bush Term Bldg 1st 5a 1960-A&< Butler Hall 4-5s 1947 J&J 51 6s 86 100 Eastern Ambassador Hotel units- Edgewater Beach Apts— Liq Tr inc 6s w-s '50 Ann Oct / Edgewater Beach Hotel (Chicago) Cum inc deb ext53£s '41--M&S / 11 Park Place Corp 4s 1948-. 11 West 42d St new 4s 1st 634s 1945 M&N 80 Broad St Inc 4s Nov 1 1956 80 John St extd 4s 1950 A&O 870 7th Ave 434s Eppiey Hotels 1st sf 3-5s 1951 J&J Equitable Office Bldg 5s 1952 Dob 5s Legended 1952 Perry Station P O (San Fran)Ext income 3s 1952— J&D Film Center Bldg 6s 1943--A&O 5th Ave & 28th St Bldg 634s 19455th Ave & 29th St Bldg 6s 1948-.. 5th Ave & 55th St Bldg 634s 194515 Park Row 4s w s 1952-.50 B'way Bldg 3-6s 1946--.M&S 51 Fifth Ave 4s 1943 A&O 62d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952 500 Fifth Ave 634s 1949....J&D Stamped 4s 1949 J Called Jan 1, J&D 1939. at 100. -» — • 7M 37 34 36 53 34 6234 9 4 6 1st m leaseh 5s J&D 1946 Greeley Sq Bldg 6s 1951 43 29 27 17 20 4 6 1st 38 30 37 2434 7034 55 33 - 834 73 34 35 103 10234 103 10234 Dec 31 31 Repub Income 5s Oct 1 1943 80 5 20 65 2634 30 79 / fixed " 5s. 91 634 534 / (Erie, Pa.)— M&S f Loews 49 With stock 50 15 16 Without com stock 6s debenture 1951 834 834 56 10 i 10 i. 611 3334 3634 75 45 Shelbum.lncfAtiOv 1834 53 2034 3734 2134 69 7134 27 58" 56 26 Stanley 9134 9234 Lombardy (The) 6s 1942—M&N London Terrace Apts 3-4s'52 J&D Lord Bait Hotel g m 634® '45 4<vo f Lord Nelson Hotel s f 4s *47-M&N Lords Court Bldg 534* 1942. J&D f Macrid Realty 3s— Madison Inc (N Y C)— Mtge cum inc 3-6 34s 1957M&N Manhattan Towers 6s 1946-M&S f Marcy (The) 6s 1940 F&A Mark Hopkins Inc— 32 34 41 y* 60 Marsh all-Wells Bldgs 634s'47 32 32 Strauss-Manhat '334 64 86 75 97 J 99 conv s f 6s 45 27 29 Nat Hotel of Cuba 6s 1959-M&S 24 70 3 Nat Press Bid 3-5s 1950 (ws) 72 15 Adj mtge inc Apr 15 434s 1950. Natl Tower Bldg 6 34s 1944 A&O Neisner Bros Realty, Inc— 22 Conv s 9634 N Y Athletic Club— 3534 3934 3934 39 * 41 1st mtge 2-5s 1955 N Y Majestic Corp 4s 17 15 16 47 33 4634 J&D / (w-e) 1956 / 534sl937-York Title & Mtge— 534s series B-I 534s series B-K 534s series C2 — 2SS 26 28" 32 33 52 1834 2634 2834 42 1900 Rittenhou8e 8a (Phlla)— 1st cum income 534s 1945-J&D f North Station Indus Bldg (Bost) 1st m s f 5s 1962 -A&O Oliver Cromwell Gs 1939 ctfs f 1st 68 1943 One Park Ave 2d 30 32 3034 52 50 / / / / f f s Seattle-— M&N f f 6s '51—M&N 30 48" 33 Wadsworth 4834 39 - - - 5034 4034 Bldg(NY) 6s '53 A&O Walbridge Bldg (Buffalo)— 3s with stock 1950 Waldorf Astoria (Hotel)— 1954—_„_M&S / Non-cum Inc 5s 40 30 44 45 6 8 43 40 • 4234 1 3 4434 4334 Wall & Beaver St Corp— 1st 4 34s w-s Nov 1 1951._ -J&J Warner Bros Hollywood Thea— 1st 6 34s 1941 M&N Washington Properties Inc 7s 1952 f Westlnghouse Bldg 4s 1948-A&0 Woodbridge Bldg 5%a '41—A&o 25" 41 • 18 20 79 62 54 5734 2934 30"" 28 10 11 37 m. d Called Feb. 1 at 101. /Flat price, n f 22 - Nominal. 7s 1940 mm m 37" 34 —. e!" 87 57 1634 2034 20 34 18 1954 82 84 5034 7234 5134 46 48" 50 60 33 103 East 57th St Bldg 6s 1941 mm 73 A&O May 1 '35 Varick St Sta P G (N Y) 6s 1941 Wabash-Monroe Bldg 6s 1953 J&J - 734 3734 F&A 1st & coll s 1 0s 1938 Van Sweringen Corp 6s 39 4634 31% 85 6 5634 1st 6s 1935 F&A 534s series FI 5 34s series Q Olympic Inc (The) 4134 2634 734 5M New 534s series CW-1 2734 25 24 82 Trinity Bldg 534s 1939. ..J&D Trinity Court Bldg 4s 1941 _M&S Stamped Unstamped Park Ave Bldg 4s 1946 23 Lexington Ave 2s 1950 29th St Towers Bldg 3s 1942---- f 2124-34 Bway Bldg 55i« -1943 2480 Bway Bldg 2d mtge 3s 1944Tyler Bldg 6s ]w-s) July 1 1953— U S Realty & lmpt 6s 1944 Vanderbilt Ave Bldg Corp— 1st leashold fm» 1944-J&J 15 / Van Sweringen Co— N Y Postal Service Station— 41 23 21 39 — 43 J&D 15 f deb 6s 1948 21 1st 4-5s (ws) 1958 M&N Textile Crafts Bldg 6s w s 1944— 9834 68 28" 3134 M&S f . M&N 1948 27 1088 Park Av Corp 2 54-5s'53 M&S f Textile Bldg 1st 6s 1958 M &N Gen 7s s f w w 1948 M&N f "334 100 6s '33-J&D f Non-cum Inc 6s 1958 100 72 234 1334 1334 6s 1945-J&J f conv 8634 8 Taft Rlty (New Hav) 6s'40 A&O f Income 3s w-s 1951 f 10 East 40th Street Bldg 5s 1953- 84 96 8434 8534 90 1942 Stone & Webster Bldg (Boston) 5s 1947 —M&S 234 45 KBt 534® Certificates of deposit.. Income 5a W-S 1956 434 334 Real Stevens Hotel (Chic) 99 44 29 103 1945. —M&N / Steuben Bldg (Chic) 6s 1943 M&S / ~ 93 F&A 5 34s 44 Merchants Nat Prop 4s 1958(w s) 1st 45 1 *45 J&D State-Randolph Bldg (Ghicago)- 50 47 82 Metropolitan Corp (Can) 6s 1947 Metropolitan Playhouses— Debenture mtge 5s 1945—F&A 4434 4034 36 Speed Building (Louisville, Ky)- 77 Metropolitan Chain Properties— 43 9H 17 616 Madison See Madison 24 Office Bldg 50 634 234 J&J Sixty-one Broadway Building 3 34s 1950 with stock A&O Income 3-3 Ha stpd 1955 Income 5-6s 9834 534 . Southern Hotel (Memphis)— 6s 1953 J&J Mayflower Hotel( D O) 6s 1950— Mercantile Properties, Inc— Sec s f 534» 1946 .J&J 3434 40 Sherneth Corp 2s (w-s) Jan 1 '56_ 60 Park Place Bldg 3 t48-5s—1947 75 50 3134 30 H 58 Schuyler-Hudson 4s 1947 ! Sevilla-Bilt Hotel 734s '37 ctfs. 63 Theatre 1st income 6s Feb 1 1952 17 15 15 J&D 6s, 1941—M&N & 53 27 J&D J&D Loew State Bldg (Los Ang) 6s '42 Loews Theatre Rlty 6s '47 M&81* 9234 7434 52 83 -M&N / Stanley-Mark Strand 034s 1941 51 9134 7234 Midland 8 Oct f 60 F&A f 81 23 J&J Ann 42 1st 4-5s exten to 1948 Lefcourt State Bldg— 3734 Schulte Real Estate 6a 1936— 54 Lefcourt Manhat Bldg— F&A Mtge & Title— Guar 534s ctfs of deDoslt 'f Lincoln Mtge Co 5s (w-s) 1948 f 6 1943 Savoy-Plaza Corp— 3s (w-s) 1956 81 51 Income 534s w s 1963 51 14 3 52 21 Lincoln t!H 63 1st 4s 1957. M&S Rus8 Bldg. 'San Fran.)6s '51 F&A St Charles Hotel (Atl Cy) 4s 1945 f St Louis Post Off 534s 1938.A&O f San Fran Paramount Corp— 57 Lincoln 42d St Corp— 83 75 Roxy Theatre 634s to 1940-A&O f 29 70 Lewis Morris Apts 1st 4s 1951 81 4834 Robert Treat Hotel (Newark)— 6s 1943 J&J f 68 Extend 1st 4-6 34s 1948 Lenox Hotel inc 5s 1950 14 J&J f Rittenhouse Plaza 234s Jan 1 1958 4834 1948 5934 45 Deb 5s series A 1959 M&S f income deb 6s ser B 1959.M&S f 4634 4634 6534 6s 1083^ Bldg(Denv) 3-5s'49_M&S f Properties— Retail 8* Syracuse inc 3s 1955 Lawrence Hotel Va 7 534 12 34 Realty Assoc Sec Corp— 3134 28 Hotel St George 4s 1950 LaSalle Wacker 5s Units 4 f M&N f 2134 2834 Keith Memorial Bldg 6s 1943— Lake Sh Ath Club (Chic) 634s '45 101 20 f 1st extended inc 5* 1950--J&D / (Boston) 1st 6 34s 1943—F&A / Jagels & Bellis Realty 6s '48.M&S 59 35 10 1434 f Quincy Station P O (Chicago)— Hotel Taft Corp 5s 1947 F&A Insurance Exchange Building 36 42 f 25 Lexington units Hotel 6 98 f f 54 Hotel Sherman Inc 1st 5s 1957 2234 6834 17 30 Provident Loan Society 0% ctfs_. f Prudence Securities Corp— 43 41 4434 s Hotel 57 1st mtge leasehold sf 3s '64-J&J Park Place Dodge Corp 6s Ytc '62 f Penn-Haris Hotel 6s 1943—_ A&O Gen income 5s 1983 102 f income 5s May 1 1948___ Hotel Drake Corp inc 3-5s '53F&A Hotel Governor Clin 6s '48-A&0 18 50 69 Paramount Bway Corp.— 1st M a f 38 loan ctfs 1955 F&A Park Oresent 1st 6s 1940 M&S / Park Lexington Co Inc— Herald Square Bldg 19 23 37 1947-M&N to ■ 10 40 / Pantages 'Alex) 6g 71 Feb f HarrimaD Bldg 6e 1951 M&N Hartford Times deb 43^s '51 M&N Hearst Brisbane Prop 6s 1942 18 48 General s f 7s 1941_ F&A f Ore Paramount Corp 4s '57 M&S Orpheum Th & Rlty 2-6s *46 M&S Palace ilotel(San Fr) 5s '45-F&A Income 534s ser A 1961 —M&N 234-5s 1957 (with stock) / Graybar Bldg (East Offices inc)— 11 14 75 Pennsylvania Bldg6s 1939 .M&N Pierrepont Hotel 3-4s 1951 Pitts Hotels Corp 1st 5 V4s '48**4J Mtge cum inc 5s May 1962_— Conv cum inc deb 5s May 1967 Voting tr ctfs for common Poll New Engl Theatres 6s_1958 534 434 Bid. 103rd & West End Ave— Income 5s June 1 1942 J&D / 110 So Penn Ave (Atl City)— 6s 1944 —J&D / 165 Broadway Bldg 53^8 '51 f*a Grant Bldg (Pittsb)— Construction— Columbus-Venetian-Stevens Bldg (Chic) 1st leasehold inc 3-5s, 1955 M&S f Congress Square Hotel (Port Me) 5 lis 1946 M&N Court & Remser. Hte Brooklyn) Bldg Corp 1st 8 f 3 34-5s__.1940 Davidson R lty 6s w w 1940 A&O De Paul Hospital 1st & ref 3-3 34-3 34-4s 1939-1947--Q-Feb Detroit Hotel 6Hs to 1941...M&S / Detroit Leland Hotel 5s Oct 1 '52 / Dorset Hotel 1st partic 2s 1957. •» J&D 1100 Buildings (Chicago)— 554s to 1940 J&D / 2434 Governor Clinton Co Inc (N Y C) 1st mtge 2-4s 1952 29 M&S Granada Apt Bldg 6s 1938--M&S / 25 50 48 12" lsts f4-4 34 s 1948(w-s)—A&O Colonial Apartments 6s 1937 82 Garrett 50 Golonade 75 15 J&J 1944 634 ,434 41 Gair Realty Corp 5s 1948 934 Central Zone Bldg inc 6s. 1941 Century Parkway 6s 1956 Chain Store Depot 6s 1940--M&S Ohanin Building— 1st Leasehold inc 4s 1945.M&S 2d Leasehold inc 2s 1945-M&S 3d Leasehold inc 1st 1945-M&S Chesebrough Bldg 6s 1948--A&O Chicago Evening Amer 6s 1939— ChicHerald & Exam 614s'50 M&S Cigar Stores Realty Holdings— S f dep 534 s 1949 ser A J&J Circle Theatre extd 6s 1946.M&S / Cleve Term Bldg 1st 6s 1941.J&J Stamped / Unstamped.. / Cleveland Theatre gen 5s 1944 434 334 39 Fuller Bldg (G A F Realty Corp) 1st 2 34-4s (w-s) 1949 53 Cambridge Court Apt 6 lis 1937Cent Manhattan Props 5s'46M&S -- A&O Income 3s 1957 / Fox St Louis Theatre Bldg— lsts f 634s 1942 A&O / 91 Bryant Pk Bldg (NY) 6H«'45J&J Budd Realty 6s June 1941—J&D 6s Sept 1941 M&S 22 23 1528 Walnut Corp 6s (w-s) 1512 Spruce St (Phila)— Arcady-Wilshire Co (Los Ang)— Arrowhead Lake 7s 1944-47-J&D Assoc Chain Store Realty— 1st mtge coll 534s 1957---J&J Cum income 6s 1957 A&O 20 21 / Eonds. 40 9934 *41-M&N f Ask. 3834 Owners Corp 1st income 4-5s 1958 J&J r Debenture 2-4s 1963 J&J / Ambassador Hotel (Los Ang)— Non-cum inc. 3-5s 1950—A&O f Arcade Bldg & Rlty (Seattle)— 3-6s 1948 J&J / Bid. 1500 Walnut Corp (Phila)— 1st 6s 1950 - A&O A: Last sale. \ Jan., 1939] MONTHLY REVIEW (Continued from page 18) to a discount of 1 1/16% on Dec. 14, and again on Dec. 27, closing the month at a discount of 1 1/64%." Changes in the gold holdings of the Bank of England during December were as follows: For the week ended $4.63%@$4.64 7/16. The high for sterling in December was $4.69%, on Dec. 6, and the low $4.63% on Dec. 31. LONDON CHECK RATE ON PARIS AND PRICE IN LONDON OF GOLD Dec. Mean London Check Rate Open Market on Paris Gold Price 178.22 Dec. Dec. 19 177.52 148s. 8d. Dec. 20... 177.40 148s. lOd. 177.16 149s. 3d. London London Check Rate 7 Open Market . Dec. Dec. 1_._2 177.87 148s. 6Md. 148s. lid. Dec. 3 177.77 148s. Dec. 4 Dec. 5 177.67 148s. Dec. 21... Dec. 6 177.51 148s. Id. Dec. 22... 177.09 149s. Dec. 7 177.39 148s. 5d. Dec. 23... 177.12 148s. lid. 177.09 149s. Dec. Dec. Dec. 7^d. SUN DAY 8 3J^d. 17... 177.61 148s. lid. Dec. 24... 9 177.57 148s. lid. Dec. Dec. 10 177.42 148s. lid. Dec. 11 Dec. 12 177.56 Dec. 13 177.75 Dec. 26 SUN DAY 177.15 28... 177.09 29... 177.09 Dec. 30... 176.90 149s. Dec. 176.77 149s. Dec. 14 177.70 149s. 15 177.66 148s. 8d. Dec. 16 177.60 148s. Vid. 5 y2(i. 7^d. In commenting on the foreign exchange situation during December, the Federal Reserve Bank of New York said in its "Monthly Review" for Jan. 1: "During the month of December outstanding develop¬ ments in the foreign exchange market were the continued large repatriation of capital to France, a halt to the decline of the pound sterling, a brief period of weakness in the belga, and the imposition of exchange and trade restrictions in New "The Zealand. repatriation French of capital, which had begun after the announcement of the Government decrees in mid- November, and which reached general Labor called strike by peak a the on Nov. 30 when the General Confederation of failed, continued into December in considerable vol¬ and resulted in the acquisition by the French exchange authorities of substantial amounts of gold and foreign ex¬ ume change. Italian rupted the return The in success agitation flow of for Chamber the French capital of possessions inter¬ to Paris only slightly. of the Daladier Deputies foreign policy and of the Reynaud 1939 budget were favor¬ ably interpreted by the foreign exchange market and added impetus to the repatriation movement. It was estimated by Finance Minister Reynaud on Dec. 8 that the gain of gold and foreign exchange by the French Stabilization Fund from Nov. 1 to that date had been the equivalent of 6,000,000,000 francs. Further gains during the rest of the month raised the franc total far above advanced London pound this figure. In New York the the gain from 178 5/16 francs per Nov. 30, to 176 13/16, or the best quotation since a May 4. "The pound sterling moved within a range betwen $4.70 Dec. 5 and $4.65% on Dec. 30, compared with $4.68% on Nov. 30. This leveling off, which followed the more than 13c. between Nov. 7 and Nov. sharp decline 26, was due in large part to short covering which, in turn, was influenced by greater than seasonal tightness in the London money market. Difficulties experienced by bear speculators in extending their short commitments in the forward market indicated by weakness in forward quotations for the pound, which recovered on Dec. 29, however, after year-end positions had been adjusted. The discount on sterling for were three months' delivery reached the equivalent of 2%% per more than compared with 1%% on Nov. 30, while discounts for one-month sterling reached the equivalent of 3%% annum, per annum, compared with creased forward short cost of renewing market resulted the in 1%% large on Nov. 30. The in¬ short position in the substantial liquidation of a positions mercial in sterling. The continued strong com¬ demand for dollars and the intervention of British exchange authorities kept rate movements within a narrow range, despite the seasonal movement of funds to London for the year-end. "The belga the month. the abled was The addition resignation of of two Finance Minister Gerard Ministers to his Cabinet new Premier Spaak to gain en¬ vote of confidence. a convertibility of the New Zealand pound into the pound sterling was suspended by the Reserve Bank of New on Dec. 6 at the same time that system of export and import licenses was instituted for New Zealand foreign trade. A high level of merchandise imports and a flight of capital, which had Reserve Bank and depleted a the sterling reserves of the of the trading banks, were indicated as the proximate causes of the restriction. the exception of a no significant de¬ slight weakness in Canadian exchange during the month, attributed in the ex¬ change market to year-end dividend disbursements by Cana¬ dian companies count of India. On the West Coast receipts totaled $21,300,000, of $14,600,000 came from Japan, $4,800,000 from Aus¬ tralia, and $1,900,000 from China. "In addition, there was a gain to the gold stock through release of $12,600,000 from earmarked gold held for foreign account in this country^ As a result of these re¬ the ported the 21/32% transactions and other Treasury, the United unreported acquisitions States gold stock by increased was during December by approximately $200,000,000, which com¬ pares with a gain of $247,000,000 in November, $305,000,000 October, and $624,000,000 in September. in "For the year 1938 the gold stock of the United approximately $1,750,000,000 as compared with of $1,502,000,000 in 1937." States rose gain a Canadian exchange was relatively easy during December, due largely to uneasiness caused by the European situation, although the Canadian dollar is not pegged to the pound are most of the Empire currencies. Montreal funds ranged during the month between a discount of %% and a as discount of 1%%. CONTINENTAL AND OTHER FOREIGN EXCHANGE French francs grew steadily firmer with respect to the throughout December, though the rate in terms of the dollar ruled relatively easy, as being linked to sterling the franc reflected, in a measure, the easier tone of the pound pound. When the franc istry fixed the the pound. It devalued was the French devaluation upper limit then asserted that in was Finance Min¬ at no 170 francs to would the case be permitted to fall below 179 francs to the pound. The unit ruled close to 177.50 during the greater part of the month, often selling at 177.09, and on Dec. 31 strength¬ ened to 176.75. The improvement in the franc reflected a fidence on the part of French investors as return of con¬ a result of the Daladier decrees to effect economic and financial rehabilita¬ tion. French funds were repatriated throughout the month from London and other centers, and while exact figures not were published, it was generally believed that as a result of this movement the enabled gold to add not French equalization fund was than 12,000,000,000 francs to its less reserves. Because of the decided decline in the sterling rate in during December the belief spread that the French authorities might temporarily at least detach the franc from sterling and keep it related to the American dollar Paris at the rate of about 38 francs to the dollar. that if the French out exchange the franc effect wise on to the dollar at It authorities was were pointed to peg around 2.63c., an inflationary economy would be avoided, which other¬ French would be inevitable were the franc tied to a steadily In New York the franc ranged during 2.62 3/16 and 2.65, selling well above 2.63 for the greater part of the time. Italian war threats against French the month the franc depressed were encouraged to believe toward the end of December that they would be successful in main¬ taining the inflow of capital from London and in its movement Despite marked vestors to to the evidence to New lend preventing York. improved French position, there was part of French the Government of eagerness on the their funds either to private interests. cated The reluctance of investors the Amsterdam market for funds to assist Dec. 27 the French Government announced 000,000 guilder 4% 30-year loan at 95, callable at after three years at par. a French 175- a any The loan was syndicate headed or to resort the railroads. On no in¬ indi¬ was by the fact that the Government again had time arranged through by Mendelssohn & Co. of Amsterdam including the Netherlands Trading Society, the Credit Suisse, and the Swiss Banking Corporation. The in Holland dis¬ With on Nov. 30 the Canadian dollar weakened certain From a bonds guilders and Swiss francs at 100,000,000 guilders to be issued in Holland guilders in Switzerland. American territory only temporarily. The French authorities to stockholders. between and "Markets for other currencies recorded velopments, with "Monthly Review" of the which to "The Zealand the falling pound rate. subjected to a speculative attack during December because of political difficulties experienced by the Spaak Government over the unemployment relief features of the 1939 budget and the Belgian Government's recognition of the Spanish Nationalist Government. The belga declined from $0.1690 on Nov. 30 to a level below $0.16S4, the point at which gold shipments to New York become profitable, on Dec, 2, but recovered to $0.1687% on Dec. 12, and remained above the gold point for the rest of and in York totaling $90,600,000, of which $66,900,000 came from England, $21,600,000 from Holland, and $2,100,000 from franc on of follows as "During December currently reported gold imports affect¬ ing the United States gold stock included receipts at New $0.0262 13/16 to $0.0263%, and showed rate cross on frqjn year Federal Reserve Bank of New York for Jan. 1: 8^d. 31... a outlined were 149s. on £327,201,575, which compared with £327,- 1937, of £328,144,903 were the largest in its history. Details of the gold movement at the Port of New York 149s. Dec. at Oct. 14, Id. HOLIDAY 27... Dec. stood earlier, with the minimum of £150,000,000 by the Cunliffe Committee, and with £136,880,000 in the Bank's statement just prior to the suspension of gold in September, 1931. The Bank's gold holdings as of HOLI DAY Dec. 148s. 10Hd. 149s. lj^d. Dec. 28 de¬ recommended SUN DAY 25... £205,958, and for the week ended Dec. 28 a £111,443. The Bank's. total gold holdings of 233,343 SUN DAY 18... Dec. 148s. lid. 177.58 of crease crease Gold Price Paris on decrease of £39,534; for the week ended Dec. 14 of £94,969; for the week ended Dec. 21 a de¬ a decrease a Mean London , 113 the proceeds the Government a fixed and proposes railway loans of higher interest coupons. are ratio, 75,000,000 to repay REVIEW MONTHLY 114 the French budget for 1939 Finance Committee. It called Toward the end of December was reported to the Senate for expenditures Janeiro ranged between 94,007,000,000 francs. The French estimated at 250,000,000,000 francs. outlay for 1939 is ordinary rev¬ 66,117,000,000 francs, leaving 27,890,000,000 francs income national of was Available for the proposed of enue raised by loans. the high level of expenditure with rela¬ tion to income, the spokesman for the committee submitting the budget figures said the country could not long support such a burden, so that business recovery was indispensable. Thus the committee confirmed criticisms made in the Cham¬ to be In commenting on Deputies a short time before that in order to the country's position tolerable, the national income ber of 22.90. The official rate on Rio de 5.86 and 5.90. Exchange on the Far Eastern countries was largely influ¬ enced by the trend of sterling. The London price for silver was 20 l/16d. on Dec. 1 and 20 l/16d. on Dec. 31. The Hongkong dollar was 29.17@29 7/16 on Dec. 1 and 29.03@ 29% on Dec. 31. The Shanghai dollar was 15.83@16% on Dec. 1 and 16.28@16% on Dec. 31. Yen checks sold at 27.24 make must 330,000,000,000 francs. Paris cable trans¬ fers sold on Dec. 1 at .2.62% @2.63 1/16, and on Dec. 31 at 2.62 5/16@2.62 13/16. Belgian currency, after a considerable period of relative firmness, eased off in December. The ease was due largely^ to year-end requirements and the movement of French funds from Brussels. The unit was also subject to speculative attack because of political difficulties encountered by the to increased be Government over the unemployment and relief 1939 budget and' recognition by the Belgian Government of the Spanish Nationalist Government. Belga cable transfers sold on Dec. 1 at 16.88% @16.90%, and on Dec. 31 at 16.84@16.84%. German marks were held generally firm and steady Spaak features of the throughout December by the exchange control at Berlin. It became increasingly apparent in December that Germany is in serious straits due to its lack of foreign currency, but banking situation were not available and such" figures as were published from time to time by official sources did not afford a reliable index of the situa¬ tion. The Reiehsbank showed no change in gold holdings from week to week, carrying its reserves at 70,773,000 marks and the Bank's ratio of gold and foreign currency to note circulation ranged from 0.99% to 1%. The so-called free or gold mark was quoted on Dec. 1 at 40.05% @40.07%, figures relevant to the and @27.30 Dec. 1 and at 27.03@27.07 on Dec. 31. on >-*OC0Q0*4OCnrf^CA3 tOh-4 OOOOS I l I l l I I I I I i i I a a a a a l l I l l I l I I I I I I I I i l i l i i i I I t I i l a a a a 'I X=X I X* XXX i XX £ a a a a a a 4»- 4* tfk 4* 4* 4> a Jf* 05 05 05 0> 05 05 -4 05-4 00 CO CO O) O) O) -J --J -J rfk Gl O C) OS i 0)0)0 0)0)0) 0)0)00 00 00 0)0)0)0)0)0) O) -J O) O) O) O) I i (fk 4. 4* 4* 4* 4*. 4. 4. 4. tfk 4. ►£. j|k j(k ifk I i 0)0)0)0)0)0) a o o) 05 o 4. £X£ fx XfiXXXX ►fk 4. (fk 4. 4. 4" oSS 4* 4. 4" 4. I I I i I ►fk rfk 4* tf. 4^ e l I I i l XgXXg rf*- u l I l I I I XX-£5 a i l l l l I O) en O) Cn Oi 05 Oi CO l I I I I I I I i 0)03 0)0)0)0) OS Ol O 03 05 I I I l I l l l I i I ►Ik tik rfk 4* ^ rf* if* if* l l l I l I I i I l I I I l l l I i I till I I l I I l I l I i I l I l l l i /l I I l l I i 4* (fk (fk 4* 4* 4* rfk (fk (fk >|k (fk rfk tfk 4* 4* xxxx x-xxfx xxxxxx fxx a a a a a ►Ik (fk (fk (fk (fk .fk a a a a a a 4* 4* rfk (fk 4». (fk o o o o o CO 4. o O Ol x Ps*.? XX & a a a a a >fk 4. 4. 4* 4* »-» M -a "NT 00\ Hat X" M V* W 5 II O O O O O O O CJ) 4. Oi O O O h* jfk 4* O O O O O O O O O O O at a a a a a a 4. 4* 4* 4»- m XX £X« .F-xxxx XX ->T7r 0)0)0)0)0 M4.01OO OOOOOO k)OkJ®OOl OOOOOO 00000-4 -J O O GO CO CO 4k 4k 4k OOO OOOOOO «XXXX £XX.rXX XXXXXX XXX j?X OOOOOO XX ^ jf*. y*. ^ if* if* tf* ^ tf*. ^ ^ 4*k tu qjk 4* 4k 4k 4k 4k 4k 4k 4*. 4k (fk 4k (fk 4"> 4». 4. 4. 4». 4» 4». 4*. 4. 4. 4. (fk 55 rffc. 5050505__O505O5050505rr,05 05 05 05 05 05, kH CC 4k 4k OJ ^CnC5^O5CnO5CnOi^CCC5CnOiO5-q00 uj y, gSxxs fxxSxxxxxxSxxxxxj? gX = X fXXX ufl a a a a a 4. 4. 4k 4k 4k 4^4i.4.U4k4k4k4k4k4.VJ4k4k4.4k4k4k U w 4k Oc Oi Oi a a 4k 4k 4k rb'rob) j>?*b)b)b) ooo^oooooo^ooooob) hd -4 o o o o o OOOKjOOOOCnOKjOCnO<IOOOO * BX £ £X SfX.=XXX XXXXXX ~£& 4k 4k 4k 4k 4k 4. 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k xxxxx xxx-xx xxx xxxxx- x=x XXX«£ a a a a a a . 4k 4k 4k 4k 4k a xx a a a a a a 4k 4k 4k 4k 4k 4k a 4k 4k rfk. 05 05 05 05 05 05 O O iCnOiO I O O O O O O to co 4k ocn «o 05 0101-^00 00 a gXfXXX Xs^^X xxxf s XXXXX Dec. 31 at 40.10% @40.14. on lire hardly fluctuated Italian were and 22.55 between transfers during the month as rates by the strict control at Rome. Cable Rome sold on Dec. 1 at 5.26% @5.26%, and steady held on ® 4k 4. 4k 4^ 4. 4k 4> 4k 4k 4k 4k (fk (fk o'oo'oo OOOOOO to CO 4k Oi Oi 4k Oi Cn O O O OOOOOO O Cn O Ox Gi 4k 4k 4k 4k 4k tfk 4k OOOOOO OOiOtOOOOO 4k 4k 4k OOO »4 -4 srXX XXXXXX XXXXXX 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k 4k. 4k O O O O O OOOOOO Cn OiOi O Oi -4 OOOOOO OOOOOlO £ -• a -XX 4k 4k 4k 4k X «XXX o 5 das a « ^ Dec. 31 at 5.26% @5.26%. on neutral during the war was although frequently affected by the pressure on sterling and by capital movements. The firmness in the French franc induced some repatriation of French funds from neutral centers, while the outflow of Jewish capital held in Holland and Switzerland to New York depressed rates for guilders and Swiss francs. In the early part of the month the repayment of the French gold guaranteed railway loan effected through a syndicate Exchange on the countries relatively steady in December, 4k 4k 4k 4k CO 4k 4k Cn O 4k4k4k4k4k4k 4k 4k 4k OOOOOO OO-4-klCOOO OOO "O ^4 r X£=£X DAILY RATES X£ Sf aaS « OF FOREIGN EXCHANGE France Switzerland Portugal Franc Franc Escudo Cables Checks Checks Cables Dec. 1-. ,62Ma2.63ii# 22.71 Xa.72% 22.72 Dec. 2.. .63 Checks 022.73 4.2456o4.26 o22.72 4.23 J6a4.2756 Deo. 2.62Ha2.62J* 2.62%a2.63H 3.. 2.63Ha2.63M Throughout the month it was reported that investors in Holland and Switzerland were sending funds to the New Dec. 4_. Dec. 5.. 2.64ii«a2.64^ Dec. 6.. 2.64Ha2.64H a.7056 4.24Ha4.2756 SUNDAY a.6756 4.255604.28 ,64»i#a2.645* 22.63Ha22.67 22.64 22.62 0.62H 22.62 56 022.63 4.255604.28 ,64^a2.65 from Dec. 7.. 2.63#iea2.64K ,63^a2.647i# 22.62 headed Mendelssolyi & Co. of Amsterdam on Nov. 10 by temporary firmness to the gave a and market York guilder. short-term withdrawing funds Dec. London. Dec. beginning of December the Netherlands Bank holdings in excess of 1,481,000,000 guilders. gold stocks are still valued at the old parity, and their actual market value is therefore about 22% higher. At the showed gold These for a few months earlier, the Netherlands Bank continued to send gold to New York for Throughout December, as earmarking. It is understood that fully one-quarter of the Bank's total gold reserve is earmarked with the Federal Reserve Bank of New Toward the end of Scandinavian currencies sterling. a2.62% 2.62 2.62^o2.62^ 2.62^a2.62 X Dec. 15.. 2.63Ha2.63M Dec. 16.. 2.62J4a2.63H Dec. 13.. Dec. 14.. Dec. 17.. a2.63M 2.63 022.65 22.62 56a.65 56 022.65 22.64 56a.6556 ,62%c2.63H 22.64 22.62 0.63H 22.6256a22.64 62^a2.631u a.6156 ,63h#a2.63»i# 22.59Ha22.61 22.60 SUNDAY 22.60 022.64 22.6056a.64 56 ,62*i#a2.63 a22.63 22.62 56a.63 56 ,62Ha2.625i 22.62 0.62H 22.6156a22.63 .62 ^a2.63 H 22.61 a.61 H 22.6056a22.62 ,63Xa2.63X 22.60 a.61H 22.60 56a22.62 ,63 a2.63si# 22.60 .63^02.63^ 22.61 Ha.62H 22.62 moved in close 2.63Ka2.637i# Dec. 20.. 2.62Jia2.63H Dec. 19.. 02.63H 2.63 2.63^a2.63^ 2.63}<a2.63H 2.63Ma2.63H Dec. 23. Dec. 24. Dec. 25.. Dec. 26. 4.24 4.23%o4.2454 4.23 56a4.26 4.24 o22.63 4.25 ,63Ha .63i*i# 22.57Ha22.59 22.58 ,637i#a2.63 56 22.57Ha.58H 22.58 ,637i#a2.6356 22.57Ha.58H 22.58 SUNDAY a.5956 4.24 2.6211i#a .62^ 2.62^a2.62«4 .6215,ea .63% 22.56a22.57 .625lta .62»u 22.54o22.55 22.54 560.5556 Cables Checks Pengo Cables Guilder cable transfers sold on Dec. 1 at 54.36% @54.39%,'and on Dec. 31 at 54.39%@54.41. S,wiss cable transfers sold on Dec. 1 at 22.72@22.73, and on Dec. 31 at 22.54% @22.55%. Cable transfers on Sweden were 24.09% @24.13% on Dec. 1 and 23.90@23.91 on Dec. 31. Exchange on the South American countries was held steady in December by the various exchange controls. Argentine paper pesos showed more freedom and were Dec. 3.. 40.06 Dec. 4__ Dec. 5.. 40.07 56a.09 States United that Department of Commerce reports indicated Argentine prosperity declined gradually during 1938, business active, aided by reserves carried year. Argentina's exports declined 10 months of 1938, while imports although 1937 about most level. the lines of remained over from the previous sharply during the first remained, at almost the and industry Peru's business in general in 1938 declined to 1936 level after exceptional gains during 1937. Imports continued relatively large, while export values were by lower prices. The official quotation for ex¬ reduced change on Buenos during December. Aires ranged between 30.96 and 31% The unofficial or free market range was 019.80 019.80 19.64 019.80 19.64 019.80 al6.83 16.82 56a.83 56 19.64 016.83 16.82 56a.83 56 19.64 O19.80 Dec. Dec. 10- 40.07 Dec. 13.. Dec. 14.. Dec. 15.. Dec. 16.. Dec. 17.. Dec. 18.. 019.80 19.64 9.. 40.06 56a40.09 40.07 Dec. 12.. 019.80 19.64 Dec. Dec. 11.. 019.80 SUNDAY O40.10 16.83al6.83 56 16.83 56al6.84 56 40.08 016.83 16.82 56 a.83 56 6.. 40.06 56a.08 56 40.07 * O40.09 16.82 al6.84 40.07a40.08 56 16.82 56a.83 56 16.83 7.. 40.06 56a40.08 016.84 16.83 56a.84 56 40.06a40.0856 40.06 56a40.09 16.83 Dec. Checks 19.64 O40.07 40.05 56a.07 56 16.88%a.905£ 16.88 % a. 90 H 16.83 al6.85 19.64 56a40.08 40.06a40.0856 16.82 56a.84 56 19.64 O40.08 40.06 56a.08 56 16.82016.82 56 16.82 56al6.83 1.. 40.05 2.. 40.05 Dec. 4.22 56 Hungary Belga Retchsmark Checks 22.56 56 a.57 56 4.2256a4.24 Belgium Germany Dec. The 04.2556 022.59 4.2356a4.25 54 022.59 4.24 56 a4.2556 HOLIDAY 04.2556 a.5856 22.5756a22.59 4.24 .63^0 .62"i# 22.56a22.5756 22.56 56 a.57 56 4.23Ho4.2556 22.5756a.5856 4.2356a4.25 63i4a2.637is 22.57a22.58 Dec. 30. Dec. dollar-sterling rate. a4.26 a.62 H 22.62 56a22.63 4.2456a4.26 022.62 4.24 04.2554 .63 a2.63H 22.60Ha.61H 22.61 a22.60 4.23 56a4.2656 .6356a.63Hi# 22.57Ha.59H 22.58 Dec. 29. movements of such inclined to move in relation to the a4.26 4.2456a4.26 4.2456a4.2554 .63 M a2.6356 22.57 Dec. 28.. These countries have not provided havens positions. a4.26 4.2356a4.2556 4.23J6a4.2656 .63 56 a2.63#i# 22.62 2.63^a2.63H 2.63Ma2.63M 2.63^a2.63K Dec. 27. sympathy refuge for large-masses of fugitive capital, so that the funds had no effect on their exchange 4.25J6a4.27 SUNDAY Dec. 18.. Dec. 31, The National Bank of Sweden had also earmarking gold in New York for several months previous to December. with Dec. 12.. Dec. 22., equalization fund. The Dec. 11- Dec. 21.. York. of the month the Holland Government reported that the partial transfer of gold reserves of the Netherlands Bank during the year was of a technical char¬ acter in connection with the operations of the Netherlands been Dec. 2.62Ma2.63J^ 9.. 2.62 %a2.63 10.. 2.63^02.63^1# 8- a2.63 5i 22.70Ha.71 % 22.71 22.68Ha22.70 22.69 ,63Ha2.64 O40.10 16.82 O40.09 40.07 56a.09 56 16.82 019.80 SUNDAY 16.85 56al6.89 40.07 56a40.10 40.08a40.1056 16.85al6.88 56 16.84 56al6.85 40.07 56a40.10 40.08a40.1056 16.84al6.84 56 al6.86 16.84 56a.86 56 40.09 a40.ll 16.84 40.08 56 a. 10 56 016.85 16.84 56a.855i 40.08 56a40.11 40.09a40.1156 16.84 016.85 16.84 56a.85 56 a40.ll 16.84 40.08 56a.lO 56 40.09 a40.ll 16.83 56a.84 56 16.84 016.85 40.09 56a.lO 56 40.10 SUNDAY 16.84 016.85 40.09 a40.ll 40.09 56 a.l 156 16.83 56a.84 56 16.85 al6.86 40.09 a40.ll 40.09 56a.ll 56 16.8456a.8556 016.96 16.85 56a.86 M40.09a40.H56 16.85 19.64 019.80 19.64 019.80 19.64 O19.80 19.71 O19.80 19.64 O19.80 19.64 019.80 19.64 019.80 19.64 019.80 19.64 019.82 19.64 a40.ll 16.86al6.86 56 16.8656al6.87 al6.86 19.64 a40.11 16.84 56a.85 56 16.85 16.85al6.85 56 16.85 56al6.86 19.64 Dec. 24.. 40.09a40.1056 40.09 56 a40.11 fll9.82 Dec. 19— Dec. 20— Dec. 21— 40.08 56a40.11 Dec. 22— 40.08 56a.lO 56 40.09 Dec. 23— 40.78 56a.lO 56 40.09 019.82 019.82 SUNDAY Dec. 25.. HOLIDAY Dec. 26— Dec. 27.. 40.08 56a.lO 56 40.09 Dec. 28„ 40.08 56 a. 10 56 40.09 19.65 a40.ll 16.85al6.8556 16.8556al6.86 16.85 al6.86 16.8556a.8656 19.65 O40.10 40.0856a.1056 19.65 40.0856a40.10 16.84al6.85H 16.8456a.8556 Dec. 29.. 40.08 Dec. 30.. 40 08a40.0956 Dec. 31.. 40.10 19.64 a40.ll 16.85al6.85 56 16.8556al6.86 16.84al6.8456 19.65 O40.13 40.1056a40.14 16.83 56al6.84 019.82 al9.82 al9.82 019.82 al9.80 Jan., 1939] MONTHLY EEVIEW DAILY RATES OF FOREIGN EXCHANGE 115 (Concluded)* Netherlands Denmark Poland Canada Guilder Argentina Krone Zloty Dollar Peso Checks Checks Checks Cables , Checks Cables Dec. 1__ 54.36a54.39 Dec. 2 Dec. 3 Dec. 4_ Dec. Dec. 5_. 54.36a54.38H 54.37 a54.39 20.95a20.97 654.39 a54.41 54.39 Ha54.42 20.94a20.97 7. 54.39 a54.40 54.39 Ha54.41 20.90a20.92 Dec. Dec. Dec. 54.36 Ha.39H 20.87 O20.90 20.87Ha.90H a54.40 54.38 Ha54.41 20.87 a20.92 20.87 Ha.92H 54.37a54.38H 54.37 Ha54.39 20.91a20.91H 20.91 Ha20.92 18.82ol8.87 Dec. 1 18.82al8.87 Dec. 2, 18.82ol8.87 Dec. 3 Dec. 54.38 4_. SUNDAY %a <y6% discount H% discount 31.16o31.19 31.17a31.20 56.98 31.16o31.21 31.17a31.22 56.98 2«32% discount 31.21o31.22 31.22a31.23 56.98 31.30 56.98 56.98 SUNDAY ----- 18.82al8.87 Dec. S.¬ 18.83ol8.87 Dec. 6.. 18i#a 20.90Ha.92H 54.37a54.38H 54.37 Ha54.39 20.85o20.86H 20.85Ha20.87 18.85ol8.87 Dec. 7 8. 27320 18.85al8.87 Dec. 8 9_ 54.32a54.34 "«2a I8.85al8.87 Dec. 9 2732a 18.85al8.90 Dec. 10-i ----- Dec. 11 — ----- Dec. 12., ----- 54.35a54.38 Deo. 11. SUNDAY Dec. 12. 54.34Ha.38H 54.35a54.39 Dec. 13. 54.34 Ha54.37 54.35a54.38 Dec. 14. 54.33a54.35 Dec. 15. 20.81a20.84 20.81 Ha20.85 20.81 HO20.83 20.82a20.83H 54.33 Ha54.36 20.84a20.86 20.84 Ha.86H Dec. 10. 54.32 Ha54.35 54.33a54.35H 20.87a20.89 54.33a54.36 54.33 Ha.36H 20.84a20.89 20.87 Ha.89H 20.84 Ha.89H Dec. 17. 54.34a54.36 20.86Ha.88H Dec. 18. Dec. 21. SUNDAY 54.34a54.36 H 54.34 Ha54.37 20.86 Ha20.89 20.87a20.89H 54.34a54.36 54.34 Ha54.37 20.82a20.86 20.82 Ha.86H 54.33a54.30 54.33^0.36 H 20.79o20.84 20.80a20.85 Dec. 22. 54.34a54.35H 54.34 Dec. 23. 54.33a54.35 Dec. 24. 54.34 Ha54.36 54.35a54.37 Dec. 19. Dec. 20. 54.34^054.37 20.86a20.88 054.36 20.83a20.84 OA 54.33^054.36 Dec. 25. Dec. 26. 20.83 HO20.85 OO 20 83 20.81 Ha.83H 20.82a20.84 SUNDAY 18.86al8.90 18.86018.91 18.86al8.91 18.86al8.91 18.86018.92 18.89ol8.92 54.37Ha54.40 54.38 a20.78 18.90al8.95 Dec. 31- 54.39 20.71 Ho20.72 18.91al8.95 20.75Ho.77H 20.76 18.89al8.95 Sweden Norway Krone Cables . Checks a24.13 24.09Ha.13H 23.49 a24.14 24.09Ha.14H 23.50 , Cables 023.53 23.49Ha.53H 023.54 23.50Ha.54H Dec. 2. 24.09 3. 24.13Ha24.l4 24.14o24.19H 23.53 Ha23.54 23.54o23.54H Dec. 4. ,08 O2.08 ,06 O2.08 O24.20 24.18 Ha24.21 23.58a23.60H 23.58Ha23.61 a24.20 24.17 Ha24.21 23.57 023.61 23.57Ha.61H a24.14 24.llHa.14H 23.52Ha.54H 23.53 023.55 O24.07 24.06 Ha24.08 23.47a23.47 H 23.47 Ha23.48 Dec. 7. 24.11 Dec. 8- 24.06 Dec. 9. a24.06 24.03 Ha.06H 23.45 a23.46 23.45 Ha.46H 24.06 Ha24.08 24.07 024.09 23.47 Ha23.48 23.48 023.49 24.03 Dec. 10. Dec. 11. ,06Ha2.08 ,06Ha2.08H ,06Ha2.07H ,05Ha2.07 ,05Ha2.07 ,05Ha2.07 SUNDAY Dec. 12. 24.01 Dec. 13. 24.01 Dec. 14. 24.04 Dec. 15. 24.07 Dec. 16- 24.04 Dec. 17. 24.06 O24.04 24.01 Ha24.05 23.42 023.46 23.43 023.47 O24.04 24.01 Ha.04H 23.43 023.44 23.43 Ha.44H 024.07 24.04 Ha24.08 23.46a23.48 23.46 Ha.48H O24.09 24.07 Ha24.10 23.49 023.51 23.49 Ho.51H O24.09 24.04 HO.09H 23.46 024.08 24.06 HO.08H 23.48 Dec. 18. 023.51 23.46Ha.51H O23.50 23.48 Ha.50H ,05Ha2.06H ,05Ha2.07 .05Ha2.07 ,05^a2.07H .05Ha2.06H .05Ha2.06H SUNDAY Dec. 19. 24.07 Dec. 20. 24.01 Dec. 21. 23.98 Dec. 22. 24.02 Dec. 23. a24.09 24.07 Ha.09H 23.48 Ha23.51 O24.06 24.01 Ha.06H 23.43 Ha23.48 O24.04 23.99 024.05 23.40 023.46 O24.04 24.02 Ha24.05 23.44 023.46 24.02 Dec. 24. .06 23.41 .04Ha2.07 05Ha2.06H 05Ha2.06H 023.47 23.44Ha.46H 23.43 Ha23.44 23.44a23.44H 024.04 23.43 Ha23.45 23.44 023.46 Dec. 25. a2.07 23.49a23.51H 23.44a23.48H 24.02 H 24.01 Ha.03H 24.02 .05Ha2.06H 05Ha2.06H SUNDAY Dec. 26. 24.01a24.02H 24.01 Ha24.03 23.42 Ha23.44 024.04 23.44 023.45 24.0233a24.03 24.03 024.02 23.40Ha23.43 23.98Ha24.01 23.99 23.94 a23.96 23.94Ha.96H 23.36 a23.38 023.91 23.31 023.32 23.89Ha.90H 23.90 Dec. 28. Dec. 29. Dec. 30. Dec. 31. discount 31.09a31.11 31.10a31.12 56.98 discount discount discount discount 31.09031.11 31.10a31.12 56.98 31.11031.14 31.12a31.15 31.17 31.18 56.98 31.12a31.14 31.13a31.15 56.98 discount 31.15a31.16 31.16a31.17 llsja H% a »i6% 1H alh# % 16i#a 2»32% 1 a % % S13ja «#4% Dec. 16 — Dec. 22 Dec. 23 1 a Dec. 24.. 1 a 23.43 023.45 23.44Ha23.47 23.41 o23.44 23.36Ha.38H 23.31 Ha.32H 31.16a31.17 15u% 81#4% 81 s»% "i«% *i32% discount discount discount discount discount .. 56.98 31.17a31.18 56.98 31.10a31.13 31.11a31.14 56.98 31.06a31.11 31.07a31.12 56.98 31.10a31.11 31.11a31.12 56.98 31.10 31.09o31.11 31.11 56.98 31.10a31.12 57.06 SUNDAY HOLIDAY Dec. 27 Di# a Dec. 28 11ie a Dec. 29 D32 a D32 a Dec. 30 Dec. 31 56.98 SUNDAY Dec. 19 — 1% discount 1% discount 15i#% discount 31.09a31.ll 31.10a31.12 57.06 31.10o31.11 31.lla31.12 57.06 31.06o31.08 31.07a31.09 57.06 15ie% discount *x32% discount 31.00a31.01 31.01a31.02 57.06 30.95 30.96 57.06 Ecuador Brazil Chile Bolivia Milreis Peso Boliviano Sucre Checks Checks Checks Checks Dec. Cables 1-. 5.86a5.89 5.87a5.90 5.18o5.19 3.50 7.00 Dec. 2__ 5.86a5.89 5.87a5.90 5.18a5.19 3.50 7.00 Dec. S.¬ 5.86a5.89 5.87a5.90 5.18a5.19 3,50 7.00 4 Dec. 5.. 5.86a5.89 5.87a5.90 5.1805.19 3.50 7.00 Dec. 6.. 5.86a5.89 5.87a5.90 5.18a5.19 3.50 7.00 Dec. 7— 5.86a5.89 5.87a5.90 5.18o5.19 3.50 7.00 Dec. 8_. 5.86o5.89 5.87a5.90 5.18a5.19 3.50 7.00 Dec. 9— 5.86a5.89 5.87a5.90 5.18a5.19 3.50 7.00 Dec. 10— 5.87a5.fb 5.88a5.90 5.18a5.19 3.50 7.00 5.18a5.19 3.50 7.00 5.18a5.19 SUNDAY Dec. U„ SUNDAY Dec. 12__ 5.87a5.89 5.88O5.90 Dec. 13-. 5.8705.89 5.88a5.90 3.50 7.00 Dec. 14.. 5.85a5.89 5.86a5.90 5.1805.19 3.50 "7.00 Dec. 15.. 5.89 5.90 5.18o5.19 3.50 Dec. 16.. 5.8505.89 5.86a5.90 5.18a5.19 3.50 7.00 Dec. 17- 5.8605.89 5.87a5.90 5.18a5.19 3.50 7.00 Dec. 18.. .05Ha2.06H 05 a2.06H ,05Ha2.06 05 a2.06 ,04Ha2.05H 7.00 SUNDAY Dec. 19.. 5.8505.89 5.87a5.90 5.17a5.19 3.50 Dec. 20— 5.85a5.89 5.86a5.90 5.17O5.19 3.50 Dec. 21.. 5.8505.89 5.86a5.90 5.17a5.19 3.50 Dec. 22.. 6.85a5.89 5.86a5'90 5.17a5.19 3.50 7.00 Dec. 23.. 5.85a5.89 5.86a5.90 5.1705.19 3 50 7.00 Dec. 24.. 5.86o5.89 5.87fl5.90 5.17a5.19 3.50 7.00 Dec. 25.. HOLIDAY Dec. 27. Dec. 15. ----- 56.98 Dec. ,06Ha2.08 SUNDAY 24.17 56.98 Di« Dec. 14.. Checks Dec. 24.18 31.16a31.18 Markka Checks 5. 31.15a31.17 SUNDAY Finland Krona 6. discount Dec. 26 Dec. 30- Dec. 56.98 Dec. 25 18.88al8.95 Dec. 31.12 a 18.90al8.95 24.09 56.98 31.11 1xm 20.81 Ha.83H 54.34Ha.36 34 20.81o20.83 a54.37 54.35 Ha54.38 20.82,H a20.83 20.83o20.84 O54.40 20.79 54.37Ha54.39 54.38 O20.80 20.79Ha.80H 1. 31.14a31.15 Dec. 21 54.34a54.36 Dec. 31.21a31.25 18.89al8.92 18.90al8.95 18.89ol8.95 54.35 20.71020.71 H 31.29a31.32 31.13a31.14 a Dec. 28. a54.40 54.3933 054.41 31.28a31.31 31.20a31.24 discount discount 1 18.88al8.95 31.29 discount Dec. 20 Dec. 27. 054.41 discount discount Ha Dec. 13 Dec. 17 253J% 253J% 253,% 25no/0 lsi#% »H% 16i#a 2«3j% discount . 18.89al8.95 HOLIDAY Dec. 29. 18i#a Dec. 18... 18.88al8.92 Checks Ha 20.94Ha.97H Dec. 10. Peso Cables "lea 20.95 Ho20.98 54.32 Ha54.35 20.83a20.84 20.83Ha20.85 54.35 Ha.38H 20.85 Ha.87H 20.86a20.88 Checks Colombia 7.00 7.00 SUNDAY Dec. 26„ 7.00 • HOLIDAY Dec. 27.. 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.00 Dec. 28.. 5.86a5.89 5.87o5.90 5.17a5.19 3.50 7.00 Dec. 29.. 5.85a5.89 5.86a5.90 5.18a5.19 3.50 7.00 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.00 5.85o5.89 5.86a5.90 5.17a5.19 3.50 Uruguay Venezuela Peru Dec. 30.. Dec. 31- 7.00 Czecho¬ Spain Italy slovakia Peseta Lira Koruna Checks Cables Dec. Checks Cables 5.07 H 5.09 5.26 5.26 a5.26H 5.26H05.26H 3.41^o3.42H Dec. 5.09 5.26 o5.26 H 4.26Ha5.26H 3.41Ha3.42H Dec. o5.26 H 5.26H05.26H 3.41H03.42H SUNDAY Dec. 4.98 5.26 Dec. 4.97 H 4.97 5.26 Dec. o5.26 H 5.26Ha5.26H 3.42 05.26 H 5.26Ha5.26H 3.42 5.26 Dec. 4.97 Dec. 4.97 5.26 Dec. 10. 4.97 5.26 Dec. 11- 5.26 03.42 H 03.42 H 05.26H 5.26Ha5.26H 3.42 05.26H 5.26Ha5.26H 3.42 05.26 H 5.26H05.26H 3.42 05.26H 5.26Ha5.26H 3.42 03.42 H a3.42H 03.42H 03.42H SUNDAY Dec. 12- 4.98 Dec. 13. Quotations Dec. 15. 5.26 o5.26 H 5.26Ha5.26H 3.42 03.42 H 4.97 H 4.97 H No Dec. 14. 5.26 05.26H 5.26Ha5.26H 05.26 H 5.26Ha5.26H 05.26 M 5.26Ha5.26H 05.26 M 5.26Ha5.26H 05.26H 5.26H05.26H 3.42 03.42H 5.26 5.26 Dec. 16. 4.92 H 4.97 H Dec. 17- 4.97 H 5.26 Dec. 18_ 5.26 3.42 a3.42 H 3.42Ha3.42H 3.42 a3.42H 3.42Ha3.42H SUNDAY Dec. 19. 4.84 5.26 Dec. 20. o5.26H 5.26Ha5.26H 3.42Ha3.43H 4.95 5.26 Dec. 21. 4.97 H 4.97 H 5.26 05.26 H 5.26Ha5.26H 3.42H03.43 05.26 H 5.26Ha5.26H 3.42H03.43 4.97 H 4.95 5.26 Dec. 22. Dec. 23. Dec. 24. Dec. 25. 5.26 05.26H 5.26Ha5.26H 3.42H03.43 05.26H 5.26Ha5.26H 3.42Ha3.43 05.26 H 5.26Ha5.26H 3.42H03.43H 5.26 SUNDAY Dec. 28. HOLIDAY 5.09 5.26 05.26 H Dec. 28. 5.09 5.26 05.26H 5.26Ha5.26H 05.26H 5.26Ha5.26H 05.26H 5.26Ha5.26H 05.26H 5.26Ha5.26H Dec. 29. 5.09 5.26 Dec. 30- 4.96 5.26 Dec. 31- 5.09 5.26 Peso Bolivar Sol Checks Checks Checks Checks Dec. 61.51o61.85 31.50 20Ha21.00 27.24o27.30 Dec. 61.51o61.85 31.50 20 H 20 H 27.25027.30 29.17a297i» 29.19o297i« 29.23o297i« Dec. 61.61o61.85 31.50 Dec. 61.75o61.85 31.50 Dec. 61.73o61.85 31.50 Dec. 61.60o61.85 31.50 Dec. 61.47061.85 31.37 Dec. 61.43o61.S5 31.37 Dec. 10. 61.50o61.S5 31.37 5.26H05.26H 3.42Ha3.43H 3.42 »io3.43 H 3.42?4o3.43H 3.42Ha3.43H 3.42?<o3.43H Yen 27.30027.31 Dollar SUNDAY Dec. 20 H 20 H 27.35o27.38 29.29a29H 27.33o27.36 20 H 20 H 27.29o27.33 27.24027.26 29.31o29»i« 29.29o29»1# 29.19a297j| 29.14o20H 29.16o29H 27.19o27.22 29.14o29H 31.37 20Ma20H 20Ha20H 31.37 20%d20% 27.20027.25 61.52o61.85 31.37 20Ma20H 27.24027.27 Dec. 16. 61.44o61.85 31.37 Dec. 17. 61.50o61.85 31.37 20 H 20 H 27.24027.26 20Ha20H 20%a20H 27.21027.25 27.20027.23 SUNDAY Dec. 11. Dec. 12. 61.42o61.85 31.37 Dec. 13. 61.42o61.85 Dec. 14. 61.45o61.85 Dec. 15. 27.18027.20 27.23027.27 29.13o29«n 29.15o29»i« 29.20o29H 29.20o29H 29.19o29H SUNDAY Dec. 18. Dec. 19. 61.50a61.85 31.37 20 H 27.25027.28 Dec. 20. 61.35o61.50 31.37 61.39061.50 31.37 Dec. 22. 61.43a61.50 31.37 Dec. 23. 61.40o61.50 31.37 20Ha20H 20Ha20H 20Ha20H 20Ha20H 27.19o27.25 Dec. 21. Dec. 24. 61.42a61.50 31.37 20 H a20 H SUNDAY HOLIDAY 27.19o27.20 Dec. 27 61.42a61.50 31.37 29.14o29H 61.40a61.50 31.37 27.19o27.23 29.16o29si# Dec. 29. 61.30a61.50 31.37 20 H a20 % 20 H o20 % 20 H a20 Y% 27.17o27.21 Dec. 28. 27.16a27.19 Dec. 30. 61.18a61.50 31.37 20 H o20 H 27.12o27.14 29.13029*1# 29.12029*1# Dec. 31. 61.07a61.10 31.37 20Ha20H 27.03o27.07 29.03o29H Dec. 25. Dec. 26. Dec. 27- Hongkong Checks Checks Dec. Japan 29.19o29H 29.19fl297n 27.16027.24 29.12o29»i# 27.19027.21 29.17o29H 29.14o29H 29.15o29H 27.19027.22 Philippine Rumania Bulgaria Yugoslavia Leu Lev Dinar Checks Checks Checks Checks 1— 1.23ol.25 1.23ol.25 02.32H .85Ha.86 .85Ha.86H 2— .73H0.74 .73Ha.74 2.28 Dec. 2.28 02.33 .85Ha.86H Dec. 3— .85Ha.86H .73 1.23ol.25 2.28 a2.33 .85Ha.86M .86 Dec. A *Xm. Dec. 5-_ Dec. 6„ Dec. 7— Dec. Dec. 8— 9— .72Ha.74 .73Ha.75H 1.23ol.25 2.28 o2.33 1.23ol.25 2.28 02.33 .85Ha.86H .85H0.86H .86 a.86H .86Ha.86H .73Ha.75H .73Ha.75H .73Ha.75H .72Ha.75H 1.23ol.25 2.28 a2.33 .85Ma.86 .86 1.23ol.25 2.27Ha2.33 2.28 .85Ha.86H .85Ha.86 .85Ha.86H 1.23ol.25 1.23ol.25 02.33 2.27Ha2.33 SUNDAY I — 12— 1.23ol.25 2.27Ha2.33 1.23al.25 2.27 Ha2.33 1.23ol.25 2.27Ha2.33 15- .73Ha.75H .73Ha.75H .73Ha.75H .73Ha.75 1.2301.25 2.27 16— .73H0.75 1.23ol.25 17— .73Ha.75 1.2301.25 2.27Ha2.33 2.28 02.33 1314— 18— 19- a2.33 .85^a.86H .85Ha.85H .85Ha.85H .85Ha.85H .85Ha.86 .85H0.85H .85Ha.85H 8UNDAY .85Ha.86 .85Ha.85H .85Ha.85H .85Ha.86H .85Ha.86 ,85^0.86 Dollar Rupee Guilder Checks Checks Checks Checks Checks Dec. 15.83ol6H 49lsi#a49.90 49i»i«o49.90 54.40a54#i# 34.91034.96 64.53 15.83ol6H 54.38o54»i6 34.90o34.96 54.54 Dec. 15.89ol6H 49l,i#a49.90 54.47o54.60 34.95034.96 54.54 SUNDAY Dec. Dec. 15.99ol6H 49»i«o49.90 54.56a54.70 35.03o35.09 54.53 Dec. 15.90O16H 491Ji«a49.90 54.55o54.75 35.01o35.07 54.57 Dec. 15.91al6H 491,i#a49.90 54.47a54»i6 34.94034.97 54.54 Dec. 15.85ol6*i« 49 »i eo49.90 54.30o54.40 34.86o34.87 54.53 Dec. 15.87016H 15.90ol6H 49»i#o49.90 54.28o54.37 34.84034.87 54.49 49»ieo49.90 54.35o54.45 34.89034.92 54.52 34.82o34.83 64.53 Dec. 10 Dec. U SUNDAY Dec. 12 15.87016H 49i*i#o49.90 54.25o54% Dec. 13 15.87al6H 491*16049.85 54.25o54.30 34.81o34.83 54.50 Dec. 14 15.93ol6H 491*16049.85 54.25o54.40 34.85034.88 54.50 Dec. 15 16.06ol6H 491*16049.85 54.39o54.50 34.90034.93 64.50 Dec. 16 16.09ol6H 49i*iea49.85 54.31o54.45 34.87o34.90 54.50 Dec. 17 16.09O16H 49»«i6o49.85 54.31o54.50 34.90034.95 54.51 54.36a54.50 34.91034.96 54.50 SUNDAY Dec. 18 491*16049.85 Dec. 20 491*16049.85 54.28o54.37 34.84034.85 54.51 16.34ol6H 491*16049.85 54.19 54.37 34.78a34.88 54.50 .85H0.86 Dec. 22 16.50ol6H 491*16049.85 54.2Sa54.37 34.83034,87 54.51 .85Ha.85H .85H0.86 Dec. 23 16.56ol7.00 491*16049.85 54.25a54.35 34.83034.86 54.51 .85Ha.85H .85Ha.86 Dec. 24 16.41ol7.00 49i*i«o49.85 54.23a54.37 34.82a34.85 54.51 1.23ol.25 2.28 02.32 21— .73Ha.75 .73Ha.75 .85Ha.85H .85Ha.85H 1.2301.25 2.28 02.32 .85 Ha.86 22— .73 a.75 1.2301.25 2.28 02.33 23— .73Ha.75 1.23ol.25 24— .73 1.23ol.25 2.28 a.75 .85Ha.86H .85Ha.86H Java Peso Dec. 21 1.23ol.25 2.27Ha2.33 a.86H India 16.11ol6H 16.16ol6H .73Ha.75 20- a.86H SUNDAY . 1011 a.75H Settlements Dec. Cables Dec. Islands Yuan Dollar Drachma Straits Shanghai Greece .85Ha.86 .85Ha.86 .85Ha.86H .85Ha.85H 2.27Ha2.33 02.33 Dec. 19 25— SUNDAY Dec. 25 SUNDAY 26— HOLIDAY Dec. 26 HOLIDAY 27- .73 28— .73Ha.75 .73Ha.75 .73Ha.75 .72Ha.75 293031 — a.75 1.2301.25 2.28 02.33 1.23ol.25 2.28 02.33 1.23al.25 2.28 02.33 1.23ol.25 2.28 02.33 1.23ol.25 2.27Ha2.32 .85Ha.85H .85H0.85H .85H0.85H .85Ha.85H .84Ha.85H .85Ha.86 .85 Ha-86 .85Ha.86 .85Ha.85H .85Ha.85H 491*i#o49.85 54.22a54.35 34.83o34.86 Dec. 28 16.54ol7.00 49i*i6o49.85 54.25a54.35 34.84o34.86 54.52 Dec. 29 16.34ol6H 49i*i6a49.85 54.22a54.30 34.80o34.81 54.53 Dec. 30 16.24ol6H 491*16049.85 54.08a54.18 34.74o34.75 54.55 16.28ol6H 491*16049.85 54.00a54.06 34.66a34.69 54.56 Dec. 27 16.46ol7.00 54.51