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Tm' Library M1 3 1932 BANK RECORD REG. U. S. PAT. OFFICE New York Stock Exchange Boston Stock Exchange Baltimore Stock Exchange Exchange New York Produce Exchange New York Curb Pittsburgh Stock Exchange | Philadelphia Stock Exchange Cleveland Stock Exchange Los Angeles Stock Exchange San Francisco Stock Exchange Chicago Stock Exchange Detroit Stock Exchange INDEX TO STOCK EXCHANGES PAGE PAGE EXCHANGE—BONDS.—16 EXCHANGE—STOCKS..29 NEW YORK CURB EXCHANGE.......39 NEW YORK PRODUCE EX¬ CHANGE 54 N. Y. STOCK N. Y. STOCK CHICAGO STOCK 56 EXCHANGE.59 EXCHANGE PHILADELPHIA STOCK BOSTON STOCK EXCHANGE 60 CLEVELAND STOCK EXCHANGE 62 BALTIMORE STOCK EXCHANGE..-63 DETROIT STOCK EXCHANGE LOS ANGELES SAN FRANCISCO STOCK EXCHANGE.66 PITTSBURGH STOCK EXCHANGE...64 INDEX TO GENERAL QUOTATIONS PAGE PAGE 1 69 STEAM RAILROAD STOCKS 73 INVESTMENT TRUST ST'KS & B,DS..74 JOINT STOCK LAND BANK BONDS...91 REVIEW OF MAY BANK STOCKS..91 FEDERAL LAND BANK BONDS 92 JOINT STOCK LAND Ill REAL ESTATE BONDS PUBLIC UTILITY BONDS PUBLIC UTILITY STOCKS 75 80 INDUSTRIAL & MISCELL. BONDS....83 INDUSTRIAL & MISCELL. STOCKS...87 ...85 EXCHANGE SEATS iTtih© WILLIAM TEXTILE MANUFACTURING STOCKS. NOETHEEN BONDS.... STEAM RAILROAD B. William DANA 86 MILLS 80UTHEEN MILLS... 86 CANADIAN MILLS 86 86 MINING STOCKS INSURANCE STOCKS & SCRIP—86,112 REAL ESTATE TRUST & LAND STKS.87 TITLE GUAR. & SAFE DEP. STOCKS..87 U. S. AND MUNICIPAL BONDS 92 CANADIAN MUNICIPAL BONDS 94 FOREIGN GOVERNMENT BONDS....93 BANKS AND TRUST COMPANIES... 101 CANADIAN BANKS 10 T 112 1932 COMPANY, Street, Corner of 68 STOCK EXCHANGE...65 PUBLISHEBS Spruce Street, New York. We welcome your on Real Estate any inquiries unlisted security Bonds HANSON HANSON Our files contain Established 1912 quotations on over Members of Bank Stock & Unlisted Dealers Assn. of N.Y. 2,000 Real Estate Bonds - ■ ' v- 1 25 Broadway, N.Y. SAFE DEPOSIT & TRUST CO. OF BALTIMORE Chartered 1864 Capital $2,000,000 Acts as Organized 1867 Surplus & Profits Over $3,894,000 Trustee of Corporation Mortgages, Fiscal Agent for Corporations and Individuals, Transfer Agent and Registrar. Depositary under plans of reorganization. • Acts as Executor, Administrator, Guardian, Trustee, Receiver, Attorney and Agent, being especially organized for careful management and settlement of estates of evgry character. SECURITIES HELD ON DEPOSIT FOR OUT-OF-TOWN CORPORATIONS AND PERSONS. DIRECTORS JOHN JOSEPH WALDO HOWARD BRUCE MORRIS WHITRIDGE J. NELLIGAN NEWCOMER BLANCHARD RANDALL NORMAN JAMES B. KIRBY J. EDWARD JOHNSTON EDWIN G. BAETJER LYMAN DELANO SAMUEL M. SHOEMAKER ROBERT GARRETT OFFICERS JOHN J. NELLIGAN, Chairman of Board KIRBY, President WM. R. HUBNER, 3d Vice-Pres. H. H. M. LEE, Vice-President GEORGE PAUSCH, 4th Vice-Pres. ANDREW P. SPAMER, 2d V.-P. R. S. OPIE, 5th Vice-President JOSEPH B. George B. Gammie Thomas B. Butler - - - Charles F. Lechthaler Real John W. Bosley Treasurer W. D. G. Wrlghtson Secretary Roland L. Miller - Cashier & Asst. Sec. Maurice J. NelUgan, Estate Off. Asst. Treas. & Asst. Sec - Asst. Cashier & Asst. Sec. Edgar H. Cromwell, Asst. Treas. & Asst. Sec. Andrew H. Troeger Assistant Treasurer J. Edward Knapp - Assistant Treasurer Harry E. Challis - - - Asst. Cashier Raymond E. Burnett Howard W. Baynard - Asst. Auditor - Asst. Auditor - Robert B. - - Asst. Sec. James S.Asher I. - - Asst. Sec. Chalmers S. Brumbaugh Chapman Campbell Connor Asst. Sec. - - - - - - Auditor Statistician Digby 4-8700 BANK^ QUOTATION RECORD U. s. PAT. OFFICc Copyright in 1932 by WILLIAM B. DANA COMPANY, in office of Librarian Entered Second Class Matter, as March 9 1928, at the Post VOL. 5 NEW YORK, JUNE 10 1932. Bank ■ of Congress, Washington, D. C. at New York, N. Y., under the Act of March 3 1879. Office and unanimously reported by the Quotation Record The Bank and Quotation Record is one Means; the character ture by United $11.50 States in Canada, Possessions other in $13.50 and Territories. and Single copies are sold at 75 cents per copy, was proposed by the executive House WILLIAM B. DANA William Street COMPANY, Publishers, Spruce Street, New York. to Bureaus tion FINANCIAL EVENTS. of any tion continued to center upon the looking deepening and widening, and sjgns of change for the better atten¬ on the doings in Congress and by the Administrative and Executive Departments of the consideration and had to be solved. These balancing of the budget and providing to meet devising of rev¬ sources new budget deficit steadily growing in magnitude; a measures for tion where, dealing with the unemployment situa¬ owing to the deepening of the gloom in the busi¬ world, ness problems involved idleness carrying out was increasing at Federal Reserve System programs for economies in Government opera¬ tions so lems of that spring up in periods of industrial, paralysis and tax as to reduce credit and outlays and expenditures, besides prob¬ banking and variety of other things a ingenuity of the best minds. plexion of the House of With the Representatives political different com¬ from that of the Administration and with the United States Sen¬ inclined to act as sort of free lance, a the views of the President and of Secretary Mills were not always in accord with those of the Congressional and to get were is be said that guess now experiencing. den large a measure of success crowned his plete its labors and definitely adjourn—which last desideratum that the business world since the uncertainty legislation recovery efforts, impossible to hazard was to when Congress could be depended upon to as as was a com¬ the was especially seeking to the outcome of much unquestionably was serving to specious retard business and to hold the business world in thralldom to well- defined fears not altogether without serious foundation. (2) OF to were Congress, the idea of On May which he put the declared statements that heart more and DELAY RESTORA¬ which this situation determined stand in He the action a President generally with message that in which revenue the program of more necessary at this He added that "nothing than enacting prompt the and legislation "the most essential factor to a of recovery to distribute the bur¬ as $700,000,000 to accomplish program, its of all per annum. he declared purpose, that increase measures expenditures unless they be for undoubted submitted in the Executive the emergency; budget Dec. 9 last; on a recon¬ sideration of the legislation covering those economy projects which require repeal or amendment to the laws; effective grant of authority to and consolidate and and an the Executive to reorganize eliminate unnecessary bureaus and establishments." HOOVER'S AND Governmental : THREE-POINT STIMULATE RECONSTRUCTION CREASED TO PROVIDE OF CORPORATION STATES AND RE¬ OF POWER WOULD ENTERPRISES BE IN¬ INCREAS¬ EMPLOYMENT. ING A IN BEHALF PROGRAM EMPLOYMENT—BORROWING FINANCE three-point program announced by President Hoover May 12, to provide for relief and on stimulate employment, embodied in effect (said the New York "Herald Tribune") a substantial part of the relief proposals made on May 11 by Senator Robinson, Democrat, leaders of his of the Reconstruction the amount with the backing of prominent party; it suggested that the borrowing of powers Finance Corporation be increased by $1,500,000,000 for in use making loans to States for relief purposes and in underwriting loans for self- sustaining enterprises undertaken either by public bodies or private enterprises. quoted: It also was noted in the paper / of new authority to borrow money would increase the borrow¬ ing authorization of the Reconstruction Corporation to the total amount $3,000,000,000. debentures It already has authority to and has an additional subscription The issue $1,500,000,000 in of $500,000,000 from the * three-point program confidence," manner Representatives rejected both the was thus summarized in the New York "Times" of May 13: 1. That the Corporation be authorized to issue an additional $1,500,- 000,000 in debentures, of the proceeds from which $300,000,000 is tojbe loaned to States for general relief measures; $40,000,000 for export agri¬ cultural aid, and the remaining $1,160,000,000 loaned to private business for reproductive enterprises, assured by contracts. 2. That State bonds and securities which cannot otherwise be floated be purchased by the Corporation when the proceeds of these bonds securities are to be used for proposed by the Treasury and the program for Treasury. diminishing public confidence to "the House year reduction in appropriations now pending below the figures to Congress in economic recovery to-day is the restoration of and attributed sent imperatively demands, and an equally defeating unwise and unnecessary legis¬ asserted designed "must embrace the rejection of made country in the of legislation. "nothing is into united he course balancing the budget." courageous lation." which messages advancing the the bill adequate to produce the a revenue be increased to exceed Such CONFIDENCE. 5 the President sent time than will and the in drastic program of economy which, including the sav¬ The grant Numerous insisted, he equitably and not to impede economic recovery," and a can by CONGRESS WARNED THAT LEGISLATIVE TACTICS TION these, ings already made in the executive budget of $369,000,000. In this urgent, persistent and unrelenting, though it cannot and at the end of the month it earlier necessary revenue and so directed to expediting such the country inflation"—all According to the President, the situation required (1) "the Congress to perform the duties and and as the protest of over unified efforts of the Executive and the prompt enactment of required of the legislative body in times of stress trial of execu¬ employment and agriculture." PRESIDENT functions was uncontrolled the constructive, LIEF The efforts of the President to of passage leaders, and this added to complications of the situation. legislation reduction the Board; the threat of further legislation Congress undertaken startling rate; a for early Commissions; had "resulted in diminishing public confidence and offsetting Gov¬ ernment, where the great problems of the day were receiving enue and legislation by the House placing burdens of impossible AND Business depression remained unrelieved during May, but of the program Economy; the failure of the give adequate authority Governmental the Federal Reserve the contrary appeared to be on corner REVIEW OF MAY—COMMERCIAL in the absence officials, and the Special House Committee LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.C. he Governmental expendi¬ $132,000,000 for road-building; the action further refusing to remedy abuse in these same services; the virtual destruction of both the national economy program and CHICAGO OFFICE—208 South La Salle Street. the and Quotation Record is $6.00 a Foreign postage outside of United States and Canada, 60 cents extra. ate Ways on passed; the action to enlarge expenditures in non-service connected benefits from the Veterans' Bureau at the very time when the House Alaska; except The subscription price to the Bank and year. the 6. United foreign States, countries on Committee of the tax measures of the House which would increase of the of the publications Commercial & Financial Chronicle and is issued monthly. Terms for the Chronicle are $10 per annum within Continental NO 3. and unemployment relief. That the Corporation be authorized to loan funds for self-liquidating projects such as toll bridges, tunnels and According to the so forth. "Herald Tribune," all members of the Senate the Banking Committee with Republican the excep0 b MONTHLY REVIEW tion of of Iowa and John J. Senators Smith W. Brookhart of Blaine insurgents, attended the Thursday night, May 12. That ranked Wisconsin, White House conference on besides Couzens and Norbeck, were Philips Lee Senators present, The Townsend, Delaware; Frederic C. Walcott, Connecticut; Robert D. Carey, Wyoming; James E. Watson, G. John Maryland; Goldsborough, Ogden L. Mills, Secretary of the Treasury, and Walter political affairs. Newton, the President's secretary for H. outlined by the President was discussed in the morning at the The plan White House, to a special committee for study. second conference of the Democrats failed to develop an absolute A of the will serve as member. a Other members are ' , ■ •'./ "V . Democratic caucus and also allocat'on these conferences, the program contained one item of $40,000,000 movement of exports promote to situation, with many speedily something do to agricultural about broken occupied the leaders of both both uptown and downtown, parties, three-hour between conference : and Dawes, Mr. considered were of simplifying combining, putting and into mediate action and not to delay "The President It of appreciation A Robinson's Senator Senator with several Robinson called At the had been close meeting morning. made Democratic the yesterday but Steering following statement (e) The organized translation be resumed to-morrow culture; 1. The (h) Continuation of national community (i) The introduction the need it States by underwriting only State bonds as may not The funds to Finance Corporation so or iffthe the total limited $300,000,000. rather industrial or sound and public expansion character. there are self-supporting projects of a that would unquestionably be carried Without entering a the credit machinery of the country. bodies and There is of no for the purpose constructive replacement character forward were it not for the present and on the inadequate functioning of the other hand, of remote usefulness; there is a real tlie that have been held in abey¬ ance. The problem is to make the existing capital available and to stimu¬ late its use in constructive activities. This involves, under existing aid which has a instrumentality of the Reconstruction Finance Nation-wide organization, Corporation either to underwrite or taken by public bodies or borrowing powers to bo increased up to $3,000,000,000. to issue and sub¬ npt involve any such sum. all It is necessary to sharply distinguish place to-day because of abnormal conditions. and being the public credit. non-productive of upon upon is a such a course is Government securities and make for the insta¬ the need for actual and rapid balancing of the budget expressed in a state¬ May 23 by the American Society of Civil Engineers, to which the President addressed The issue of bonds for public works his redemption be met from taxation. in ment issued here in New York on direct charge either upon thq taxpayer or examination shows that to increase Federal Government construction beyond the amounts already provided for would work during the next year If for the next fiscal year, it will upset and for extension of credit relief was taking These being loans on security the public credit, the interest on which and the ultimate of which must An revenue ... Complete accord with President Hoover in his insistence of capital for self-liquidating in character, do not constitute a charge against the taxpayer or bonds. people of employment than will be gained." public works. This proposal represents a floiv of funds into productive enterprises which is not Government bility of the Government which in result will deprive more But in view of the between the use of the category I 'public works' the President, "necessitates making possibility of balancing the budget; it will destroy con¬ fidence and its total It is not proposed early adjournment of Congress it is desirable to provide an ample margin. the above purposes and its use for unproductive says before Congress now It is hoped that this further process of speeding Government bonds, the economic machine will increased The proposal to build adopted beyond the amounts already provided in the budget furnish provide the necessary funds as they are required by the sale of securities of the Reconstruction Finance Corporation, of ance for the loans, that as said projects must stantial employment. It Is proposed to demoralize effective relief have de¬ increased appropriations by the Congress. These appropriations must be financed by immediate increased taxation or by the issu¬ by private enterprises. part of the capital, and that the project must contribute to early A larger and far more 'income-producing works,' scribed," 2, In order to safeguard the program beyond all question it is proposed be income-producing, borrowers must have sufficient confidence to to non-productive by authorizing the make loans for income-producing and self-sustaining enterprises which will increase employment, whether under¬ that there must be proper security tliey impose unbearable burdens upon unemployment at this stage can be secured by to tions, resort to special machinery which is adapted to furnish the necessary It is proposed to use the i they unbalance the budget and taxpayer; Government credit. condi¬ element of confidence. Corporation, works throughout public and private character. segment of the proposals made by your Society and others for further expansion of 'public works' is that they include public works industry. dearth of capital, securities up to $3,000,000,000 According to the President, "the vice in that They exist both in the field of public demand for capital for productive purposes contraction of credit to increase its of organized aid to "income producing" the Nation, both of large number of economically situation existing in the capital markets and authority of the Reconstruction Finance Corpora¬ particular I called attention to last December—that is, they would sustain and expand employ¬ a sound security where authority to expand the issue of its own the field of of artificial only in on ment—but also in view of the further providing the machinery occupations works not tion loans The second part of the program contemplates than The estension of the (1) market. where employment may be increased through restoring normal the Treasury; Reconstruction Finance strain, are unable to continue to finance distress relief; by loaning directly to such obtained to be used for relief purposes and $250,000,000 Corporation to such States as, due to the long to assist such States as may or be in position temporarily to sell securities Financial aid by means of loans from the (k) authority be granted foreclosure and would furnish millions of dollars employment in home improvement without cost to of inadequate in certain localities and to insure against any pos¬ Reconstruction bank legislation which would The passage of the Home Loan discount (j) sible breakdown in those localities, it is proposed that of the five-day week in Government which would employees and would add 30,000 to the of 100,000 discharge protect home owners from But since the fear has arisen that existing relief measures and resources may prove and individual efforts in relief present list; is not to be changed. to the save belongs to private organizations, That fundamental policy States. the taxpayer and do not necessitate Government of distress; policy^ steadfastly adhered to up to the present time has been tne aid to unemployment as The continuation of such public works in borrowing; follows: that responsibility for relief to distress local communities and of the foundations of agri¬ ": does not place a strain on The program for united action discussed by the President with Senators as of these credits into actualities for busi¬ Unceasing effort at sound strengthening (f) He predicted May 12, following the night conference : Robinson and Watson is of financial stability of the railways; Federal Reserve banks; and public bodies; ness which issued by President Hoover was their communities, the strengthening of building furnishing of credit to agriculture, the protection The expansion of credit by the (d) (g) Tlie on of the Reconstruction Finance Corpo¬ the financial strain on thousands of small of trustee institutions and the support unemployment relief but that conclusions had been reacned. no banks, releasing cred't to Com¬ legislation before the end of the session. passage of has overcome and loan associations, the general sympathy with the proposal was which ration, afternoon, Robinson announced that there Senator had not been completed and would He said there this policy committee. general discussion of plans for a the discussion he of the of conference a mittee and the Senate members of the Late parties. The continuation of the work (c) his return from the White House, both of of national and held at the Capitol in the course was upon Senators the minimum increase in taxes; The avoidance of issue of further Treasury securities as the keystone international confidence upon which all employment rests; (b) Senator Watson, day. tju'.ck, honest balancing of the Federal budget through drastic (a) The reduction of less necessary expenses and agreed that the prerequisite of any plan is series of informal conferences the conferred wherein the Gov¬ might aid in effecting business recovery, viz.: ernment balancing of the budget." of The President listed 12 procedures ment." im¬ for unified action and his confidence that a so¬ was That can only be banking, and agriculture in conjunction with the Govern¬ industry concrete completion of the work at this session. high expressed action in opening the way lution will be found. Society, de¬ from a subcommittee of the "the back of the depression cannot be broken done," he added, "with the co-operation of business, Methods form the different proposals so as to secure united non-partisan and Presi¬ who indicated that the suggestion for a new single Government undertaking. bv any Robinson and the plans of the President Senator provide for relief and to stimulate enlarged employment. This was a reiteration of of Civil Engineers. expressed by him on May 11 and May 12. clared that morning the President and Senator Robinson conference this a canvassed the plan of to be Government bonds to of huge expansion of 'public works' program issue came bond The White House then issued th's statement: "At new dent Hoover, President the Secretary Mills and Mr. Meyer followed. a the views White House Statement. ; BONDS TO FINANCE EXPAN¬ CONSTRUCTION, large issue of Federal a ican Society 4 : The be¬ between the President and Senator breakfast conference a PUBLIC WORKS provided for in the current budgets" was voiced by President Hoover in a letter addressed to the President of the Amer¬ localities reporting exhaustion of their resources for Watson. BUSINESS construction, in addition to the already large programs now assisting their jobless, took the center of the stage in the capital, and pre¬ ginning with by finance products unemployment the '• IN WHICH GOV¬ RECOVERY—'DECLARES Opposition to a suggestion that "the depression can In addition to the specific allocation in loans to the States for relief there was also a definite -to fore'gn countries. The OF SION of $300,000,000 V.' \ / AGAINST ISSUE OF GOVERNMENT i; their ranks. As it was discussed at IN AID OAN ERNMENT by the Democrats and there were marked indications of controversy within which the President did not mention. ' PRESIDENT HOOVER SUBMITS 12-POINT PROGRAM Republican Senators, but no definite decision was reached conference of a ' *V'\' y;/' \ ;• President of the Reconstruction Corporation. at (Mont.), Pittman (Nev.) Wagner (N. Y.), Walsh (Ohio). and Bulkley ■ Late in the afternoon it was discussed at a determined The special committee was compromise. to go over the plan. Senator Robinson, the Democratic leader, with President'Hoover opened the way for a compromise, upon whose conference Secretary Mills, Eugene Meyer, Federal Reserve Board, and General Charles G. Dawes, Governor of the turned the Hoover compromise $1,500,000,000 Senate Democrats to-day relief plan over Senator Robinson, with 13 Associated Press accounts from Washington On May approval Indiana, and Frederick Steiwer, Oregon. Also present were would represent a wasteful use of capital and public credit. said: went on to say: paper works of largely artificial character far in advance of public be to undertake return and as letter bond | as of issues part of a May 22 regarding the proposals for to finance a huge relief program. expansion of Federal public works At the same time, the Society , pointed out that several statements which the President's c MONTHLY REVIEW letter mentioned with the APPEAL TO ERS coming from it did not in fact originate as Society. CONGRESS FOR BY MURRAY ON BUDGET ALFRED E. BILD— AMONG TAX AND AND BUTLER LEAD¬ REPUBLICAN DEMOCRATIC AND IMMEDIATE' ACTION NICHOLAS section as well as broadening the functions of the Reconstruction Finance Corporation for the purpose of extending aid to small business men, the smaller SMITH industries, and the States, counties and cities which have been unable to finance needed public works. I realize as well as does the President that the necessity of convened; SIGNERS. but aid for the destitute, for the small businessman An to of both branches of Congress appeal to members lay aside every form of partisanship and unite quickly to adopt fair the tax necessary to plan of taxation the made public on May 22 over was and five Democrats. posted The appeal was in the form May 21, Saturday, on sentatives, and said: own financial problems which confront the American people that on behalf of vast numbers of our fellow citizens, we appeal through you to the members of the Senate and of the House of Representatives to lay aside every form of partisanship and of possible partisan advantage and quickly to budget for the coming fiscal year, unite to adopt a well as to enact a plan of as taxation which shall be economically sound, fair to every group and without discrimination and calling or sectional advantage of are so grave that this action should privilege or balanced class or OF PRESIDENT Only slow bill for made in the Senate with the tax progress was 1, that the It then to be exact, the early morning of or, in its amended form was adopted. measure to conference committees of the went immediately two houses of Congress. pending legislation, and President Hoover cut Memorial Day In his efforts to hasten action on week-end judgment that conditions our be taken at the earliest possible moment. and nance Economy Committees that would the Government's fiscal program a than $200,000,000 in items enacted by more which had not been included in HOOVER RELIEF SWEEPINGLY PROGRAM HOUSE FEDERAL AID OF OF GARNER SPEAKER BY REPRESENTATIVES EMER¬ PROPOSED CONDEMNS SPONSORED CALLING AND the Democratic budget would It FOR a of caucus Representatives, (Dem.) tives an was May on relief emergency bond issue of The bill proposes relieving distress throughout the additional capital coun¬ for the Corporation, to be used in making employment $1,000,000,000 to authorized, and for and provides also for a available for make money public buildings, roads and flood con¬ trol. Taking notice of this measure, President Hoover, in the Washington >correspondent termed used since The same Dawes, Charles G. of the the strongest language the New A becoming Chief Executive, denounced the Garner ■■;>/••;;;;^ ■,1, safe majority withstood all stock transfer tax. The flat rate of 4 cents share, a M of 1% was which was refused to along with the go tax would be, in effect, The La . provision for levy of levy to 6 cents a share. ex¬ upon motion of Senator . . Guardia amendment, the New York move a levy upon shares used to cover short sales, the a to of threats stricken out. the recommended by Finance Committee in io 37, to strike out this exemption, Senate voted, 40 ( increase Under the persuasion that such empting loans of stock from the 4% tax. a to defeated 44 to 37, and Senator Wheeler turned down'47 to 32 on his proposal to raise the Senate May 30, •••.;' Senator Dill offered an amendment to of the value involved. make the tax M of 1%, as •• ■ of members attempts the Treasury, was adopted in place of the House The vote written into the House bill as Stock Exchange to Canada, a result also was 54 to 26 in favor of the Committee amend¬ was ment which eliminated it. York President "had that probably $200,000,000 above the reporting the Senate action. paper, said: already authorized and to be what "Times" measures. Secretary Mills, by attended the conference, Walsh of Montana. harbors projects and Garner Speaker The stimulate to rivers by $100,000,000 to be given to the President Finance them upon balance the to necessary revenue Senate bill would have to be supplied. $2,100,000,000 proposed the sponsored provides $1,000,000,000 Reconstruction loans of the House (It passed the House of Representa¬ approved. authorization of it members of June 7 by a vote of 216 to 182.) on ; 26, program for his direct use in try majority new out of shuffling these two come the House the Senate bill, and it was the belief of the that President of the Reconstruction Finance Corporation, and Owen D. Young, $2,100,000,000. the leaders impressed was who also In ahead at The New York "Times" said: There remained 1 1 move the at effort to reach an agreement an still faster pace. | Albert C. Ritchie, Maryland." •Charles Nagel, Missouri THE conference into night in | Joseph B. Ely, Massachusetts Frank O. Lowden, Illinois. GENCY members of the Senate Fi¬ [Roland S. Morris, Pennsylvania. Hibben, New Jersey. Alanson B. Houghton, New York. PRESIDENT On May 30 Presi¬ conference. a dent Hoover called Democratic White House at [Wilbur L. Cross, Connecticut bill, tax unexpectedly Camp, Rapidan at the Sunday night, May 29, his on returning to the White House, to which he summoned Re¬ Nicholas Murray Butler, New York. | Alfred E. Smith, New York William H. Crocker, California. John Grier particularly more short publican Senate leaders for kind. MAY, AFTER PERSONAL OF DAY HOOVER. balancing the Federal budget, and it was not until the last day of May, the possible effect upon our concern social and political institutions of the grave economic and OF It provides and will not add to the existing way, STATES SENATE UNTIL LAST PLEA June "The undersigned view with so much "It is its pay TAX BILL TO BALANCE FEDERAL BUDGET NOT PASSED BY UNITED of a brief majority and the to minority leaders of both the Senate and the Hopse of Repre¬ any and also aid This budget. deficit. signatures of 11 prominent citizens, six of them Republicans Federal unemployment relief, and small industries are equally urgent. relief bill does not interfere with the balancing of the balanced Federal budget and to enact a sound and a letter balancing the budget is urgent, and I have consistently urged this since before Congress The section provided that the stock tax should Treasury whenever as seller, buyer or be paid the United States concession of this country was involved in any way, a in agent, any stock transaction, regardless of where the trade might be consummated. unemployment relief bill pork-barrel ever proposed "an unexampled ment on raid May 27 on to as the American Congress" and the public treasury." on 3,500 projects of various kinds over are scattered into every quarter of the United States. heretofore been involved. gance discredited Many long distant future. were originally authorized I am justified only in the as group This is of $400,000,000 of these because they are jobs. It is the most gigantic pork on the public treasury. the country during the past 24 hours, sections who would receive a to broadcast to every part H of 1% The bill when calendar held true, then this is not the United States that had the intelligence to frame the Con¬ stitution of this Republic, which fought the War of the Revolution, or the of the the World War, that it might be forged into the greatest world, the whole foundations of which are common Our nation was not founded on of both parties who, the pork barrel, and it has not become I hope that those many members of Congress I know, will Oppose this bill will receive the definite of a "pork- opposition this declared by President Hoover, Speaker Garner of on May 30 stated that apparently the President's "arises from program the fact that expenditures will not be centered in that the relief and benefits disseminated." It is United true that States—and public works that is what program we want said: to do. every allow losses on secur- "capital assets," to be approved Approved. the two Gore amendments designed to dis¬ One of these provided The other Avould disallow the excess above $75,000, 80%. as an paid to any ordinary expense item in the corporation's income tax return. As hill principal changes made by the Senate in the the to as it came originally from The income tax rates were raised to fact, the House, these were well There is no part depression, and this of pro¬ their highest point since 1922. the rates applicable for that year formed the ment of Senator to completion of the bill, Senator Connally went proposal, however, in the matter of surtaxes, raising the maxi¬ from 49% on income in excess of $200,000 to 55% on the excess over A; $1,000,000. The individual normal tax rates as of income and adopted were 4% on The present rates are 1 y2, 3 and 5%. Omits Earned Credit. Income The Senate bill eliminated the provision for personal exemption at $1,000 for married man, person The was th§ first $4,000 8% on the remainder, whereas the House bill carried three brackets of 2, 4 and 7%. the In basis of the amend¬ Cornally, Texas Democrat, adopted just before the Senate final rush farther in his fixed section of the is proposed with a view of extending unemployment relief to every so-called compensation above $75,000 a year received by any officer, few localities and covers the country that has not felt the blight of the gram a under arising therefrom will be widely Speaker Garner also the or employee of a corporation, the excess should be taxed at the rate or individual, mum as years, the payment of large salaries and bonuses. on any started its Asserting that his unemployment relief bill is not barrel," two outlined in a news dispatch, as follows: support of the people in their districts in resisting it. the House than under the present law. as body also sense, honesty, character and idealism. great by political log-rolling. year. more Anti-Bonus Proposals The them if they fail to join in this squandering of money. Civil War, or for be deducted from similar transactions during the The Senate amended the House provision so as to ties of cupidity exists previous approval of the "stock taxable income only to the extent of gains in director prove Practically all the Committee m. The Senate reaffirmed during the day its that, If that shall p. approved and motions to reconsider Avere pending losses limitation" section, providing that stock losses may It is apparently just do not believe that such lack of intelligence or been the finish line or in for a prolonged muddle 7.20 at largely on the outcome of the vote on the Connally amendment to-morrow. courage nation Senate recessed amendments had their Congressmen and Senators vote for this bill or threaten to penalize amongst the people of our United States. of the bond transfer levy passed by the House to 4 cents for $100 par value, was either right at was the expected that the cupidity of these towns and sections will demand that I as the cities, towns, villages and portion of this pork barrel. The House had charge of 8%. a The Finance Committee's proposed reduction handled Detailed lists of all these projects have been of oil and gasoline, amounting approved without record vote. barrel It is an unexampled raid oil pipe line transportation on 3% of the transportation charges, also was adopted. same unemployment relief. no proposed to the American Congress. ever tax adopted advised by the engineers that the to complete a works would amount to only 100.000 men for one year, in large degree mechanical to Many of these projects I do not believe that 20% could be brought to the of labor required A from proposed in this bill, by Congress because of useless extrava¬ stage of employment for a year. amount In his state¬ the subject, he said, among other things: A total of have "the most gigantic with the provision a earned income credit and single man and $2,500 for a that if the net income of the married in excess of $5,000 the exemption Avould be but $2,000. corporation tax rate in the Senate bill is 14%, 13in the House bill and 12 in the present law. as compared with No penalty was voted d MONTHLY REVIEW for making consolidated returns- Owen 1K%. Mortimer N. Buckner, Chairman, New York Trust Co. In a House bill there was a penalty of [In conference these rates and provisions were changed.—Ed.] of a rate of three cents for first-class The postal increases consisted mail and return a the 1922 schedule for the second-class. to D. Young, Chairman, General Electric Co. Floyd L. Carlisle, Chairman, Consolidated Gas Co. The latter "Walter S. Gifford, President, American Tel. & Tel. Co. For the first and second zones, 2 cents a pound; for the third zone, 3 cents: for the fourth zone, 5 cents; for the fifth zone, 6 cents; for the sixth William C. Potter, President, zone, 7 cents; for the seventh zone, 9 cents, and for the eighth and Jackson E. Reynolds, President, First National Bank. between the Philippine Islands and any part of the United States and its Alfred P. Sloan Jr., President, General Motors Corp. was: zone Charles E. Mitchell, Chairman, National City Bank. V Territories, 10 cents. Guaranty Trust Co. Walter C. Teagle, President, Standard Oil Co. of New Jersey. The principal general administrative change in the present tax system had to do with preventing the charging off against taxable incomes of amount of A. A. Tilney, Chairman, Bankers Trust Co. security losses in the declining market. A specific provision was carried in the bill. an Albert H. Wiggin, Chairman of Governing Board, Chase National Bank. undue Woolley, Chairman, American Radiator & Standard Sani¬ Clarence M, It provided that losses during tary Corp. any one year on securities held for less than two years, could be deducted from taxable income only to the extent of gains in similar transactions. The Senate bill carried a modifying provision allowing a taxpayer to carry forward excessive loss into an one List succeeding of Excise year. one cent a Taxes. Radio and phonograph equipment and accessories, cars, gallon; a grape concentrates, Reserve Federal 40%. Board, Reserve and banks Secretary Both Messrs. Mills and Meyer week been the visitors to of the correspondent New New York of the said to are York. The "Times," in said: noting this, May 19, malt syrup, Information reaching the capital of the organization of a committee of leading industrialists to put to work the hundreds of millions of dollars in Cosmetics, 10%. Jewelry, 10%. credit, released by the Reserve banks in the last six weeks, explained to observers here the suden visit to New York yesterday and to-day of Secre¬ Sporting goods and cameras, 10%. Meyer, Governor of the Reserve Board. tary Mills and Eugene Firearms and ammunition, 10%. Mechanical refrigerators, 5%. Matches, 2 cents a thousand on wooden and A cent Candy, 5%. Chewing in Washington 5%. 5 cents a gallon; wort, 12 the (May 16) with Eugene Meyer, Gover¬ Federal the later have 3%; trucks and accessories, 2%. brew ingredients—brewers' 35 cents of nor Treasury Mills. Electricity distributions, 3%, on privately operated utilities. Lubricating oil, 4 cents a gallon. Home Governors of the Bank had conferred gallon. Automobiles—passenger of indicated that Governor Harrison of the New York Reserve Included in the excises, all based on manufacturers' selling price, are the following: Gasoline, ^ress accounts of the meeting in Washington the same week Washington late to-day. Mr. Mills returned to thousand on paper. the The understanding was Hoover relative to the formation of that he had conferred with President a super-committee and that the President was in accord with the idea. It is a well-known fact that the President had been disturbed at the 2%. Soft drinks—cereal beverages, 2 cents a gallon; unfermented fruit juices, 2 cents a gallon; fountain syrups, 9 cents a gallon; carbonic gas, 4 cents a lb. Motor boats and yachts—annual operating tax on graduated scale, be¬ ginning with $10 on craft less than 50 feet and increasing to $200 on craft apparent lack of co-operation of the commercial banks of the country in of more than 200 feet. stabilizer to the banks in order that they Furs, gum, 10%. a pound casings and 4 cents on a pound on Complaint Made of the Banks. Boosts Stock considerable half Transfer Tax. The excise schedule was supplemental by A bond transfer tax also cents for each $100 a group of miscellaneous taxes- was carried in this section at the rate of four value instead of one-fourth of 1% par House. ' ■ passed by the as on all admissions of 41 cents and on that there is more; programs; cable and radio messages, 10 cents each. Bank checks—Two cents for each check and draft. Safe deposit boxes—10% of rental value. gallon on Coal—10 gallon a on gasoline; A cent value. a cents value involved, For a gallon on crude and fuel oil; pound on paraffin and 10 cents a a / building in the Senate bill from the meas¬ passed by the House. One of the most far reaching was the modifica¬ tion of the net loss carry-over which the House bad eliminated entirely. The Senate bill restored this provision, operative for one year. Another notable change was the elimination by the Senate of the normal tax on dividends from stock, which the House passed during the closing hours of its consideration of the bill. 18 months after death of the decedent. TO WITH FURTHER NAMED AS COMMITTEE RECONSTRUCTION FINANCE CREDIT EXPANSION—OWEN excess securi¬ member bank reserves, approximately $175,000,000 is concentrated in New York. bank credit. to work. D. OF 12 TO CORPORATION YOUNG, CHAIR¬ Credit Basis Laid. could form the basis for $3,000,000,000 of member excess reserves But the banks have been slow in putting the potential credit New York banks have been buying bonds in a halting fashion but out-of-town banks have not yet joined in the move¬ v The Federal . Reserve •' System is understood to believe that genuine a stimulation could be given business if borrowers and lenders could be brought together and this large amount of credit put to work. governors On Tuesday the- of the 12 Federal Reserve banks met in Washington with the means of increasing the volume of bank credit. Following the meeting Governor Meyer said that the Governors would return to to their determined districts their credit use was Bank in this district will President Hoover devise to of means getting banks The appointment of the Young Committee resources. by Governor Harrison looked on the method the Federal Reserve as use to achieve this result. on May 20 issued a statement express¬ ing his gratification at the action taken in New York in the appointment of INDUSTRIALISTS CO-OPERATE of $300,000,000 of Three Billion These The Senate also struck from the House bill the estate revaluation clause AND up ^Federal Reserve Board to discuss ure BANKERS Since late February week, and more recently at the rate of $100,000,000 a week. ment. estate to be revalued indicating The result of these unprecedentedly heavy purchases of Government addition to rates under the Smoot The Senate bill carried the identical estate and gift taxes of the House an May 20, . measure. which would allow of Meyer had participated in the initial System has been buying Government securities, first at the rate of in recent weeks, were made Reserve give aid in the official efforts to expand credit throughout the country. of which pound. Several notable departures of the problems time past it has been common knowledge that Mr. Hoover was some ties has been the 100 pounds. cents Tribune" "Herald York New $25,000,000 asphalt and bitumen. Lumber—$3 per 1,000 board feet in Hawley Tariff Act. Copper—3 a was one The nature of the work which the Committee has to do is made clear in Tariff Items. lubricating oil; 1 cent on This continuation of the open market policy. a giving earnest attention to the apparent failure of commercial banks to- The Senate bill carried four strictly tariff items, including duties on coal and oil which were voted in the House. The four tariffs were: a demand for commercial loans. decreed the recent statements of the Federal Reserve System. Real estate conveyances—50 cents on $100 to $500 and 50 cents for each $500 in excess of the first $500. Oil—2 A cents than meeting of the committee of 12 on May 19, said: the and bond issues—10 cents for each $100 par Carries Four no banks which telephone costing 50 cents to $1; 15 cents, $1 to $2; 20 cents, $2 and 100 pounds Federal more discussed at the recent meeting of the Governors of the Federal that Messrs. Mills and cents broadcasting companies when broadcasting non-commercial 4 cents The institutions. a a billion dollars in the last six weeks through -the purchase of Govern¬ a The more. messages, a tax of 5% on all messages, with a 5% levy also on charges of leased wires except for newspapers and news services and Capital stock financial the to as more billion dollars, a On the other hand, it is asserted, the banks have not passed the benefits telegraph radio going partially organized might feel free to make through open market operations have liberated • Telephone, telegraph, radio and cable messages—10 messages portion Corporation, has already loaned half of these relief measures on to their customers, although the banks maintain Other items in the miscellaneous tax group included: Admission—10% Finance of credit, ment securities. In this group was the stock transfer tax, which the Senate placed at 4 cents a share instead of A of 1 % as carried in the House bill. rental extensions Reserve banks tubes. drive. Reconstruction The liberal Tires and tubes—2.25 cents inner the credit expansion to a committee of 12 bankers -and industrialists co-operate with the Reconstruction Finance Corporation and other credit. agencies to widen the use of Federal Reserve President Hoover said: . MAN. I Under tlie of 12 Chairmanship of Owen D. Young, committee a named on May 19 consisting of bankers and indus¬ much gratified at the action taken in New York committee has been by which a joint appointed representing financial and industrial lead¬ of that city for the purpose, among other things, of securing that the- ers was am expansion of credit facilities made available through the Federal Reserve trialists, to co-operate with the Reconstruction Finance Cor¬ banks poration and into other Reserve credit. on agencies to widen the The announcement of the use of move Federal was made May 19 by George L. Harrison, Governor of the Federal together a Reserve Bank of New York has It would seem desirable Washington in order that the are that a the Governors of the similar manner, and known I shall be different> as soon as glad to invite them whole program may be set up on a National basis. committee composed of bankers and industrialists for the purpose affirmatively in developing business. Its purpose also will be generally to co-operate with the Reconstruction Finance Corporation and other agencies to secure more co-ordinated and so effective action on the part of the banking and industrial interests. The Committee held its first meeting this afternoon serve in hopes that similar action may be taken in other Federal Reserve Federal Reserve banks should proceed in to called of considering methods of making the large funds now being released by the Federal Reserve banks useful more am Districts. the chairmen of such committees Reserve Bank of New York, in a statement reading: Governor Harrison of the Federal I and the Reconstruction Finance Corporation shall be translated industry, employment and agriculture. at the Federal Re¬ Bank. The membership of the Committee, which may be enlarged later, follows: >" is am The "United States Daily" of May 21 said that other com¬ mittees of industrialists and financiers such in New York Federal Reserve Reserve as that formed York, May 19, by Governor Harrison of the New Bank, might well be organized in other Districts, but the New York Committee was not necessarily restricted to that District, Ogden L. Mills, the* Secretary of the Treasury, had stated orally May 20. e MONTHLY REVIEW The newly formed committee of hankers called into session was formation on A group on 18, $48,100,000 in the week ending May 25, and $66,900,000 industrialists and in its May 23, for the first time since then appointed by the would meet again the had been formed and that the group be made as to how far specific projects had been perfected for subcommittees to work upon, or whether they were formed in order to explore the possibilities of vague projects which afternoon, but that at present no statement could next the entire group been be will might be called upon later to consider. under discussion by leading bankers for months, Committee at an early brought before the Young report practical expected that the report will be delivered to the special subcommittee was appointed last week to study and to A at the question of whether the formation of a bond pool would be present time, and it is general committee. It pointed out that a favorable subcommittee report would not neces¬ was sarily indicate that the entire committee would favor such has been frequently mittee indicated that the different members of the Young com¬ varying to the methods by which the buying should be carried on. Among those who favor such purchases, there are desirable at all. At It conflicting views on whether organized bond purchases are hold opinions plan. a as meeting of representative bankers and business men a at the Federal Reserve Bank of decided to Chicago, on May 25, it was appoint a committee to consider ways and means making more effective the Federal Reserve System's open of market decision, James B. Chicago Reserve Bank, appointed a committee of 11 mem¬ In addition bers, headed by Sewell L. Avery as Chairman. to the bankers and industrialists from the Seventh Reserve District and officials of the Chicago Reserve the meeting, the conference at was of Governor the Federal attended by Ogden L. Mr. Meyer came to Chicago at the request and boarded a train Mills and of the local group shortly after the close of the meeting the national capital. to return to Mr. Board. Reserve Prior to the conference Mr. Mills stated that he and Mr. Meyer had come to Chicago laying before the local group their opinion on the outlook from the Washington viewpoint. was by Owen D. Young and the Chicago group, similar action had been taken in St. Louis, but that while some degree of several groups was logical, variation in problems to be solved in the 12 the districts indi¬ cated that no closely-knit central organization of the various committees would be developed. MEETING IN WASHINGTON OF GOVERNORS OF FEDERAL BANKS—CONTINUANCE OF OPEN MARKET POLICY with the Reserve agents as note available eligible paper, and RESERVE AS v-", t; ••, CREDIT ' The Governors of the 12 Federal Reserve banks met with the Federal Reserve Board at Washington on the Board open issued statement a saying May 17, and that the policy of market purchases of United States Government securi¬ ties would Governors Reserve be continued. The statement reads: of the Federal Reserve banks met to-day with the Federal Board and it was decided to continue open-market operations by the purchase of Government securities, the extent and amount to be determined from time to time as conditions justify. \ The Washington correspondent of the New York "Journal Commerce," in its account of the meeting, May 17, said of Officials who attended the meeting including Secretary : Mills, ex-officio Chairman of the Board; Gov. Eugene Meyer of the Board; Gov. George L. Harrison, of New York Reserve Bank, and others deciined to amplify the They said it spoke for itself. formal announcement. Open Market Committee of the System, consisting of the Governors, to $100,000,000 a week prevail¬ slow down the volume of purchases from the ing in the last five weeks, if conditions justify. ties slowed down after this meeting. ing $100,000,000 a week, were but in Government securi¬ They had been averag¬ the week ending May 18 FEDERAL RESERVE STEAGALL ACT COLLATERAL The use SYSTEM AVAILS TO USE UNITED FOR FEDERAL OF OF as This increase in the amount offer and the Federal Reserve agents to accept United States Government Before giving Reserve Board used in the week ending May properly be based and of a formula that would tion of each of the 12 Federal Reserve banks. The principle upon which the Board has proceeded is that the authority pledge obligations of the United States Government should be exercised to when, after the available eligible paper has been pledged with the Federal Reserve agents, the operating margin of gold at the Reserve banks shall have declined to a level which it is necessary to maintain in order to assure the efficient functioning of the Reserve banks. Formula Based on Ratio. The formula used in determining the operating margin to be ments which the Reserve banks have to function, including the within collateral, consisting of gold and eligible paper, of 100% requirements Federal Reserve notes. for outstanding , May 4 the notes outstanding were On maintained consideration of the legal and operating require¬ has been derived from a $2,736,000,000 and the eligible available as collateral was $510,000,000, leaving $2,226,000,000 to covered by gold. This gold, which, under the law, can be counted paper be not only collateral but also as reserve against Federal Reserve notes, against Federal as than ample to provide the 40% reserve required was more actual circulation. Reserve notes in When this Reserve gold is deducted from the total cash reserves of the Federal banks, the remaining reserves, $977,000,000, must provide the 35% necessary against the Reserve for the redemption banks' deposits, the amount necessary fund held with the United States Treasury and such margin above these amounts as would permit of efficient operation without delay or inconvenience. Margin Is Set at $400,000,000. determining upon a formula derived from these In considerations the existing circumstances, when the margin between Board decided that in the Reserve banks (in excess of the 35% against at the 12 Federal Reserve banks, and (2) Federal Reserve notes in actual circulation shall fall below $400,000,000, the Reserve banks shall be authorized to pledge a sufficient amount of United States Government securities with the Federal Reserve agents to release enough gold to bring this margin up to the $400,000,000 level. This margin of $400,000,000 is considered adequate to provide for (1) total cash reserves of deposits), plus eligible paper Reserve notes in the vaults of the Reserve banks and operating requirements, (2) the redemption (3) a reasonable margin above the required 35% reserve against deposits, and (4) a slight margin above the necessary collateral requirements against Federal Reserve notes. In adopting $400,000,000 as the operating margin for the 12 Federal Reserve banks combined, the Federal Reserve Board has notified each bank of the amount that would be a reasonable margin for that bank in (1) enough Federal branches to meet necessary United States Treasury, with the proportion to its requirements and its volume of operations. In practice, this decision of the Federal Reserve Board will mean that whenever a Federal Reserve bank shall find, after having pledged its avail¬ fallen below the amount pledge with its Federal Reserve agent securities to release an amount of gold that will bring the margin up to the specified amount. In adopting this principle and this formula for determining the time and the extent of use of the authority granted under Section 3 of the Glasseligible paper, that its operating margin has able determined for that bank, it may enough United States prescribed for the Federal Reserve banks a determine quickly, at any time, the avail themselves of the authority under the law Steagall bill, the Board has mode of procedure by which they can extent to which they may pledge United States to System as a in the present the use of notes at Reserve circumstances, it deems it in the public interest to United States obligations as collateral against OF of the Federal Reserve System. REPRESENTATIVES AT BOROUGH PLOY DIRECTING BILL THEIR CONTROL SALE COMMODITY TO The authorize Federal Reserve such extent as may be necessary to enable the banks to have available at all times a sufficient amount of Federal notes and of gold not pledged as collateral to permit of unham¬ pered operation HOUSE securities as collateral for Federal Reserve notes. whole the Board has adopted the principle that, such times and to WASHINGTON RESERVE OVER CREDIT PASSES GOLDS- AUTHORITIES TO RESTORE TO EM¬ WHOLE¬ PRICES TO THE LEVEL OF THE YEARS 1921 1926. House of Representatives on May 2, by the over¬ whelming vote of 289 to 60, passed what is known as the Goldsborough to restore May 11, when $97,300,000 in United considered the question of the principle upon carefully this principle in an efficient manner with due regard to the posi¬ carry out NOTES. States obligations was so pledged with the Reserve agents. Reserve banks to direct obligations of the collateral against outstanding Federal Reserve this authorization, which was done on May 5, the Federal which this action should GLASS- part collateral for Federal as notes. banks in the week ended was so Federal public interest under the terms of the Glass-Steagall Act. which permits to $51,000,000 and the such action until March 3 1933, to authorize the Federal Reserve notes was employed for the first time by the Reservfe A further of gold pledged with the agents the margin of gold available for operating purposes to a point where the SECURITIES AS PART authority granted by the Glass-Steagall Bill for the of Government securities Board of corresponding decrease in reserves available against deposits reduced the $50,004,000. PROVISION STATES RESERVE were Reserve statement The follows, in part: $81,136,000, in the week ending May 25 dropped to $58,793,000 an^in the -week ending June 1, backing, in the absence of that it was therefore deemed the use of Government Reserve It was noticed that the purchases of been margin of gold for pledges Federal For the Observers, however, interpreted the statement to leave the way open for the involved. in the public interest to authorize fund STIMULANT. their operating on It also stated that besides the New York committee headed co-operation between the been given on May 5, careful consideration of the various factors forced to draw a with the expectation of a of Government obligations use the notes had of The Board found that the Federal Reserve banks had Bank present Secretary of the Treasury, and Eugene Meyer, Jr., Mills, after Governor of the McDougal, collateral back In accordance policy and of stimulating business. this with A statement from the Federal Reserve Board necessity. Reserve Board found it necessary to consider whether it would be in the meeting the "Journal of Commerce" of May 27 stated: upon the continued purchases of Government of gold made the step securities. Indicating that the proposal to form a bond pool, which has a as briefly stated that subcommittees unofficial spokesman an The said the authorization for the Following the meeting, Committee. building of the Federal Reserve Bank, held in the was ending June 1, making a total of $263,300,000 week securities with the prodigious exports specific of subcommittees to evolve and perfect projects for putting excess bank reserves to active use was which the at the latter date. May 19. Bill, directing the Federal Reserve System employ its control over credit and currency in an effort one, prices to about the 1926 level. The bill is a short but far-reaching in its application and possible conse¬ quences. In its full text it reads as follows: f MONTHLY REVIEW BILL. A For the Senate and House of Representatives of the United Be it enacted by the a plan series of outstanding United some for the same circulation privileges which Panama 2s now have. This would enable national banks throughout the country, for such restricted period of time as might be determined, to increase the volume of bank notes in order to meet the requirements of legitimate business. purchasing power of the dollar as ascertained by the average inflation by designating 'diffusive' States bonds of the United States It is hereby declared to be the policy "Sec. 31. of Inflation. "Diffusive" end thereof a new section to read as foliows: is amended by adding at the that that the Federal Reserve Act Congress assembled, of America in States Suggests . I suggest that it would be infinitely better to authorize "In short, purchasing power of the dollar. and maintaining the restoring Department of Labor in the wholesale commodity markets for the period "According to my motion, this would be vastly preferable to the threaten¬ shall be restored and main¬ ing scheme now being employed by the Federal Reserve System of concen¬ covering the years 1921 1929, inclusive, to trating relief in the great money centres with the vain hope and expectation by the control of the volume of credit and currency." tained The Federal Reserve Board, the Federal Reserve banks and the Sec. 2. Secretary of the Treasury are hereby charged with the duty of making ef¬ fective this policy. ' * The first effect of to cause York New the passage of the bill all the on by the House rise in the foreign exchange rates a here at leading financial centers of Europe of gold, which finally reached prodigious proportions, aggregating for the month no less (including $22,100,000 added to the $235,600,000 ear¬ ment securities by the Federal Reserve banks and the sitions before Congress OF BOARD MEYER SAYS RESERVE FEDERAL MAINTAIN WILL SERVE ALSO OPPOSED—A. BY HEARD RESERVE STANDARD—GOLDSBOROUGH GOLD BILL UNITED SAYS BOARD O. RE¬ COMMITTEE—MR. SENATE GOVERNORS WERE OF MILLER TO ADVISED BEHALF OF BUSINESS—OPEN MARKET hearing a PUSH POLICIES. May 17 before the Senate Banking and on Currency Committee, Eugene Meyer, Governor of the Fed¬ Reserve eral Board, made known his opposition the to (directing the Federal Reserve System Goldsborough Bill stabilizing the purchasing power of the dollar), and at the same time, in response to John J. Blaine, Jr. a question from Senator; (Republican), of Wisconsin, Mr. Meyer proposed or that is being attempted. embarks upon an responsible official about either the ability or the inten¬ any of tion United the that added He States to stay nation every wanted the gold standard." on to that back get on had "United States Daily") was off gone it as the Goldsborough Bill Opposition to the gold as possible. soon (iwe quote from the also expressed on May 18 by Adolph C. Miller, member of the Federal Reserve Board, further who BANK STEAGALL THE GUARANTEE asserted in that order to repair "the break¬ CREATING BILL DEPOSITS BANK A PASSES FUND $400,000,000 THE HOUSE OF TO REPRE¬ SENTATIVES. the House vote 27, May Washington, passed of Representatives bill the of at Representative Steagall amending the National Bank Act and the Federal Reserve and providing, Act, things, other among for the guaranty of bank deposits through the creation of a Guar¬ anty Fund for $1,000,000,000. follows in as Provisions of the bill the Associated were Press dispatches, May 27: The bill proposes the establishment of a $1,000,000,000 fund to guarantee- deposits, obtainable in this manner: $150,000,000 from the Treasury, representing the amount the Treasury in franchise taxes. A $150,000,000 contribution from the $300,000,000 surplus of Reserve- banks. A $100,000,000 assessment upon of $100,000,000 a Reserve member banks; additional an Reserve member if necessary, upon year, banks. Loan's the from Reconstruction Finance Corporation total to $500,- 000,000, if that much is needed. If standard of wicked extravagance it must eventually pay the.- era This cannot be avoided by fictitious devices, legislative or other¬ ■ ' '• penalty. assessment "There is not the slightest doubt in the mind of asserted, the exist¬ "My own orthodox view is that when an individual, community or nation has received act in to business would justify "I do not pretend to say that this would be an absolute cure for summarized At the of expansion. terms in the matter requiring further issues of Govern¬ STABILIZATION CREDIT IN throughout all national banks in all sections of the country upon equal Without a record MEYER STATES smaller communities the ing situation, but I do insist that it is more equitable than anything which propo¬ ment bonds. PRICE into ■7,, ■;7^ 7 V. ,7'7 ■■■• 7 -7;". ,7Vv\7,. ■ ■ ]/■%•'} purely to tide over the existing emergency would during the month), financial circles in Europe being deeply disturbed by the large purchases of Govern¬ GOVERNOR ; - and it would put wise." marked stock v;;-; enable every national bank to utilize its holdings of United States bonds has been and to accentuate the exports than ; for such controlled inflationary purposes as current hereby repealed. was country. "The plan suggested, Acts and parts of Acts inconsistent with the terms of this Act Sec. 3. are trickle down will it that a bank which joined the guaranty fund failed, the Federal board would be required, 50% oi within 90 days, to liquidating depositors not less than pay to their deposits if they did not exceed $1,000, and not less than 25% if they did. Within six months second installment would be paid, cover¬ a ing the balance of $1,000 accounts and 25% accounts would be paid in two all others. on The larger six-month installments of 25%. more The bill also would— Prevent organization hereafter of National banks having minimum a capital stock of less than $50,000. down in the organization of the world which is the most colossal in 100 years," we should a little patience, have more faith in recovery little forbearance, a "exercise through Prohibit the payment of dividends Require Federal Reserve banks to give immediate credit Ac¬ cording to the Washington correspondent of the New York "Times," Mr. Meyer on May 18 disclosed that the Reserve Board on May 17 banks serve to instructed the Governors of the 12 Re¬ go and home find ways and of means BONDS NOTE "TENTATIVELY" SUGGESTS GIVING UNITED STATES CIRCULATION PRIVILEGE THE Temporary currency was inflation on States tentatively suggested on May 24 by for the Goldsborough Bill to stabilize the dollar on a 1921 to 1929 on United purchasing level, June 1 the Senate Banking and Currency Committee reported the proposal as a substitute for the Goldsborough A Bill. York dispatch, May 24, from Washington "Times" outlined the attitude of to the New Glass Senator as follows: Vigorously opposing the Goldsborough program as' 'futile and ineffective," some Banking and Currency Committee to consider "feasible" substitute, and therefore suggested the bond platform, to whereby circulation Briefly, Mr. Glass has in mind a scheme of "diffusive" inflation, outstanding government bonds could be designated for the same privilege now enjoyed by the 2% consols of are Under this plan a national known. worth of bonds might "for a restricted period 1930, or "Panama 2s," as bank possessing $100,000 of time" be able to obtain $95,000 in bank notes, as may be done with the "Panama 2s." Senator Glass considers that the purpose of the Goldsborough bill is impossible to realize, and he also told the Committee that he was unwilling to plan. the consuming give "any seven men that God created" the power proposed in the Further, he believes the bill would work great hardship upon public, by increasing living costs. and there are thousands of consumers to every emphatic fashion he denounced the bill to the Committee, and also that the present government security-buying program Reserve Board '' and producer," he was must have said of the Federal "indirect and futile" if not really dangerous. If inflation of credit and currency is the real cure for the we be held responsible for th9ir stock. provide all, or board without ,;7.7;'7 PRESIDENT HOOVER SIGNS MEDIATE CREDIT RESERVE Farm Intermediate BILL BANKS MAKING DEBENTURES OF on Loan May 19 signed banks and powers of Federal giving greater latitude financing the credit needs of farmers. in The full text of the printed in the "Financial Chronicle" for May 3905. page amendment to the an Act, widening the Credit measure was INTER¬ BY FED¬ ELIGIBLE FOR REDISCOUNT BANKS. President Hoover Federal 28, securi¬ part of, the $500,000,000; require The authorizes amendment Federal the Intermediate Credit Banks to accept drafts drawn on them by co-operative by marketing associations banks Federal Reserve by the Intermediate Banking members. President Hoover's and signing of the bill permits the notes discounted of Commenting upon May 19 making on Intermediate Credit Banks eligible for 15-day loans by the Federal Reserve banks tobanks which are members of the Reserve System, Charles R. Dunn, Fiscal Agent for the Intermediate Credit institutions, who directs their public financing from New York, said on May 21: "This is a long hoped-for step in the right direction, as it will not only facilitate the future financing of the Intermediate Credit Banks, but also cut the cost of borrowing by the farmer It made eligible when th-> was an who pays as oversight that the high as will 9% under debentures were not biU creating the Intermediate Credit Banks was passed in 1923." [ said this afternoon. In necessary to existing conditions.! "Increasing commodity prices by legislative mandate would affect every consumer, be may the debentures of the Federal which, he explained, he was by no means absolutely committed. they as rediscount Mr. Glass urged the Senate • can that the Corporation's loans shall be made to the liquidating SO AS TO PERMIT BANK based collected. were Authorize the Reconstruction Finance Corporation to issue such ties ERAL Senator Carter Glass as a substitute and checks Provide that stockholders in National banks INFLATION. Government bonds checks drawn double liability one year, instead of 60 days, after a transfer of security. spreading credit according to the Board's present policy. CARTER GLASS the until on by members, but permit charging the current interest rate against them and where we can expedite latter." normal processes, by National banks except upon the basis of the surplus. existing situation inflation," he told the Committee, "we should proceed about it in a direct and unmistakable way and not in the indirect and utterly futile, if not dangerous, way now being employed by the Federal Reserve authorities," he went on. ' Short-term financing is engaged in Credit Banks Finance monthly, and although Corporation offered to scribed portion of the by the Intermediate the Reconstruction subscribe for any unsub¬ debentures offered in recent months, that has not been necessary owing to the public the debentures that has existed up demand for to the present. 1 MONTHLY REVIEW All but have Credit Banks charges recently to farmers' their Interest reduced Intermediate Federal the of one offering eligible agricultural paper financing institu¬ to them for dis¬ of the Norbeck-Steagall co-operative marketing associations and to tions count, as a result of the passage in announcement issued May May 19, according to an ver, 24 Intermediate Credit Banks. of the behalf Hoo¬ Congress and its signatures by President Bill through 6iy2c. May 23, and closed wheat, after opening at 59%c. May 2, after considerable fluctuation touched 6414c. May 23, with the close May 31 at 62%c. Corn and oats also developed some firmness. May corn at Chicago, after open¬ ing May 2 at 29%c., and selling down to 27%c. May 5, rose to 32c. May 23, with the close May 31 at 29c. July corn at Chicago closed May 31 at 30%c. against an opening price on to 55ysc. May 14, then rose to May 2 ments of its bonds some on Loan of the Federal Farm saying: found it necessary conclusion was reached that a re¬ course open. The Bank is not affiliated with banking institution. such that the directors suspend further operations and the ceivership was the only other Land bank or any named receiver and charge for the purpose of con¬ Nelson of Minneapolis was Roy A. instructed to take immediate organized in 1919 serving the bank's assets. The bank was at Redwood Flails, Minn., and in 1926 moved its office to BllL AMENDING TARIFF BILL LIMIT¬ PRESIDENT'S POWER RESPECTING FLEXIBLE PROVISIONS SUSTAINS VETO. (H. R. 6662) restricting the powers of flexible provisions. The House President Hoover vetoed the bill On May 11 amending the Tariff Act of 1930, the under President the May 11 sustained the veto on 1. The (said the by a vote of 178 to 166. President were objections to the bill cited by the The misimpression and uncertainty it may convey as to its purpose. the flexible tariff through the removal Executive authority to render conclusions of the Tariff Commission 2. It practically destroys fective. Opposes Conference 3. The conditions Conditions. stipulated for action in an which it is proposed should of ef¬ 7-■ v ''v. international conference questions, because, be called to deal with trade conferences for these identic purposes have resulted in very little accomplishment. 4 The request made in the bill that the President should "negotiate with foreign governments reciprocal trade agreements under a policy of mutual tariff concessions," which, he said, is in direct conflict with the he previous said, international economic supply 10% world price plus bill in amended form. 42 to 30, The bill went to the April 28 had accepted all the be world price and that considered remunerative by exporters is to be refunded up to 30% of the amount of the duty under the terms of annual paid, but the difference between the In return, France Rumania and Jugoslavia. The maximum proportion of foreign wheat permitted to be used in the milling of flour in France was reduced from 45% to 40% by a decree published in the French "Journal Officiel" for May 8 1932, according to a radiogram on May 11 gets tariffs concessions in both portion had been increased from WHEAT turned wheat buyer, heard, May 5, that Russia had London 40,000 tons of Canadian grain and grain cash terms." in the market for a total of 100,069 tons of wheat, and this was interpreted to indicate that Siberia was short of grain. The Portuguese Government authorized the importation of 35,000 metric tons of wheat during May and June 1932, according to a 7,000 of Australian at "ordinary tons reports had it that Russia was These 18 in the Department of Commerce at Lisbon. radiogram received May from commercial attache the SUSPENDS TWO OFFICIALS OF UPDIKE STONE OF FEDERAL BOARD REPORTED "INTERESTED" IN ACTION. CHICAGO BOARD OF TRADE FROM TRADING—CHAIRMAN CROP DECIDEDLY Updike Grain Co., a Two officials of the Farmers' National Grain Corp., were from subsidiary of the suspended on May 25 and the membership on the Chicago Board of Trade deprived of corporate in the Exchange's clearing house. A dispatch on itself was ordered company privileges PRICES—WINTER Washington. The pro¬ 40% to 45% on April 2. Department of Commerce at to the grain Senate amendments. GRAIN published on that the ordinary duty would 9 by a vote Senate on ApTil 1, by a vote of President after the House on IMPROVING while Jugoslavia would under identical decrees amount The day. wheat import needs supply a of France's total annual for the next three years, similar Paris advices on May acreage. the New York "Evening FARM passed the seeded on GRAIN CORP. originally passed the House on Jan. of 214 to 182, and the suggestion that a bonus 23 to Post" stated that Roumania would wheat, and had also turned down a other proposals in the measure. The bill Chicago opened May 2 at 21 %c. Canadian press advices from Ottawa, May 10, stated that without a record vote the House of Commons had on that date defeated a motion to continue the 5c. bonus on export May 31 at 22 %c. after having closed having contracted for States Daily") : "United closed May 31 at 23%c. 2, and July oats at agreements between the Governments. PRESIDENT HOOVER VETOES ING principal Minneapolis. —HOUSE pf 32%c. May oats at Chicago against 21%c. the opening May be based Bestor was quoted as Mr. The condition of the Bank was to require¬ made at Washington on was May 2 by Paul Bestor, Chairman Board. Joint Stock its May 1 interest Bank had failed to meet Land 1 Southern Minnesota Announcement that the 1 MAY ON BANK—DEFAULT LAND JOINT STOCK BOND INTEREST. MINNESOTA SOUTHERN FOR NAMED RECEIVER At Winnipeg, May May 31 at 57%c. New York "Times" explained the that date to the action as SHORT. follows: The course of the grain markets was irregular, but showed promise of the growing winter wheat crop, particularly in the South¬ west, the State of Kansas being especially hard hit in that respect. The Department of Agriculture at Washington on May 10 issued its monthly report showing conditions as of May 1. This estimated the abandonment of winter wheat at 16.6%, leaving the acreage remaining to be harvested at only 32,277,000 acres as compared with 40,432,000 acres har¬ vested in 1931. The May 1 condition was placed at 75.1% growing firmness, mainly, it would seem, on the poor of normal, compared with 90.3 in the 1931 and a 10-year average of 83.8%. The yield per acre was placed at 13.7 bushels, The action, voted upon brought to a climax the after Here, then, was a reduction in 787,465,000 bushels in 1931. the size of the crop below average in in the area by 347,000,000 bushels. extending Illinois from result of the publication east moreover, and unsatisfactory. poor very was nearly all sections of the country except During the course of May, as a Condition and northeast. conditions remained Prices stiffened somewhat of this unfavorable report, but quickly weakened again, and about May 14 was at the low point of the month. Thereafter, however, the trend was up¬ ward, with some downward reaction again at the close of the month. at 54%c., May wheat at Chicago opened Monday, May 2, declined to 52% c. May 5, recovered to 55 %c. May 9, and touched 56% e. May 11, but then moved down¬ ward again, touching 53%c. May 14, and then sharply ad¬ vanced on ing 60%c. bushel. unfavorable crop news from the Southwest, reach¬ May 23, with the close May 31 at.l.56%c, per The July option for wheat at Chicago, after opening Grain Co., Mr. Thatcher is sus¬ pended from the Board for five years, and Mr. Florentine for two years. There is no appeal save to the directorate of the Board of Trade. In withdrawing the corporate privileges of the Updike Grain Co., the directors specified that its action should be effective on June 11. The same date Jr., Secretary and Treasurer. is set for the suspensions. The charges against both Mr. Thatcher and Mr. Florentine and to 54%c. day, sold down May 5, then advanced to 58%c. May 11, reacted the they had violated rules of the Board. The principal on the semi-annual filing of statements. charged, had filed statements on June 1 and Dec. 1 1931, Updike Co. were that action was based, it was said, Both men, it was that they owned stock in the Updike company, Statement from The Board of affidavits to the effect that guilty of violating certain rules by making false they were owners of stock in the Updike company stock had been transferred and sold to the Farmers' when in reality this Grain Corp. National "The Farmers' National registered two memberships on These memberships Trade. members enjoy under 80 years. the Farmers' the Board of entitled them to the same privileges other the Board of Trade rules formulated during the past • "Without notice, or to do a whereas they owned no stock. Board. Trade issued to-night the following statement: "The two officers were without obtaining offer from competing corporations, Updike Grain Corp., business through this firm on the National purchased all of the stock of the general commission and futures floor of the Exchange. "The Updike company are Association, and the members of the Board of Trade Clearing Farmers' National chose to clear their business through the Updike company. "It developed that the knowledge of the statements that the the officers of the Updike company, presumably with officers of the Farmers' National, concealed in their Farmers' National was actually owner of the stock when registering their new ownership with the clearing house. President of the Grain Stabilization Corporation and General Manager of the Farmers' National appeared as one of the counsel "Geroge S. Milnor, in defense of the one May 2 at 57 %c., and touching 58c. the same two-day session by the Board's directors, Fred J. Thatcher, President of the Updike The officials hit are and J. F. Florentine, making a total production of 440,781,000 bushels, against a yield per acre of 19.2 bushels and a production of a long-standing feud between the Board of Trade and Board. Farm Federal the on It developed that obtaining all the brokerage* Farmers' National in lieu of -alary. accused officers of the Updike company. of the officers of the Updike company was orders which he executed from the This testimony was undisputed. 3 MONTHLY EEYIEW COURSE OF SUGAR AND COFFEE PRICES—SUGAR PRICE OUT REFINERS TO 3.75c. A POUND—LOWEST LEVEL SINCE 1914. tile Merchants of New York made public its usual monthly statement regarding production, shipments, sales and stocks The wholesale price of refined sugar was reduced for the third time within reduction, which a week May 5 to 3.75c. on 2% points, was was made a pound. The of Carded by the American May 2, when the price pound. a was reduced 10 This reduction, which to occurred and the Revere Co. reduced the price 2% points to The Revere Sugar Co. met this reduction The advance of 10 points in refined f announced to was May 10 by the American Sugar Refining Co., 12, and followed by the Pennsyl¬ on become effective May vania Sugar Co., the Revere Sugar Refining Co., the Hen¬ derson Sugar Refinery, the Savannah Sugar the Godchaux Sugars, Inc., and the Western cancelled was May 11. on The increase general to become effective not met was Refining Corp., Sugar Refinery which had to be by the National Sugar Refining Co., the California & Hawaiian Sugar Re¬ fining Corp., and Arbuckle Bros. would have wiped out The proposed change which brought the price to 3.85c. two-thirds of the a pound would have: reductions made earlier in May. raw which in April had sold down to 0.60c., sugar, but recovered to touched 0.65c., during May on shipment again one 0.60c., but the latter part of the month generally brought 0.61%@0.62c. announced had been to date the on move upward. The Brazilian May 24 that 320,744 sacks of coffee destroyed in the preceding week, making the total 6,565,641 bags, of which 5,285,282 State Sao Paulo. of No. 7 Rio for destroyed in were spot delivery was quoted at 8%c. May 31 against 7%@7%c. April 30; 7%c. 31; 71/4c. Feb. 29; 7%c. Jan. 30; 7@7%c. Dec. 31; 6%@6%c. Nov. 30; 5%@6c. Oct. 31; 5y2c. Sept. 30; 5%@ March 5%c. Aug. 31; 5%@6c. July 31; 6%@7c. June 30; 6%c| May 29; 6'#@6%c. April 30; 5y2c. March 31; 5% @5 %c. Feb. 28; 6%c. Jan. 31, and 7%@7%c. Dec. 31 1930. No. 7 Santos 9%@10c. May 31 against 9c. was bid April 30; 8%c. bid 31; 8%c. Feb. 29; 8%c. Jan. 30; 8@8%c. Dec. 31; 7y4@7y2c. Nov. 30; T%c. bid Oct 31; 67/8@7c. Sept. 30; 6%@6%c, Aug. 31; 7%@7%c. July 31; 8%@9c. June 30; March 8y2@8%c. May 29, and the same figures for April 30; 7%@ 8c. March 31; 78/4@8c. Feb. 28; 8%@9c. Jan. 31; 8%@9%c. Dec. 31 1930, and 11 ^C. Oct. 31 1930. HOG PRICES AT NEW LOW LEVEL SINGE that the lowest top price for hogs in the history of the Kansas City stock yards $2.95 a hundred pounds had been paid that morning. stated also The previous $2.97% paid was one new low record top it was day in September 1896. It was pointed out that shortly after the World War hog prices reached high as as $23.40 a hundred pounds. SEARS, ROEBUCK & CO. AND MONTGOMERY PRICES FROM 5 TO WARD & CO. REDUCE 50%. Continued declines in prices of raw materials and finished products were reflected in the mid-summer sales catalogue of Sears, Roebuck & Co., mailed to customers reductions previous was in prices ranging from year on selected items. 5% The on to 49% May 19, by below the following statement issued by R. E. Wood, President of the company: prices in our new sales book carry not alone the reductions that The producers of demand, but economies we raw materials have been forced to accept because of lack of well the lowered cost of manufacturing and the widespread have effected in our own business. as of the year. a reduction of new catalogue showed 40% from prices in effect in 1929. Montgomery Ward & Co. also reduced its prices, the reduc¬ 5 to 50% below the previous summer's 218,- were hand at the end of the month amounted an increase during the month of 16.6%, during April, com¬ pared with 508,691 bales of lint and 67,415 bales of linters in April 1931. Federal According to Farm Board an announcement made by the May 2 approximately half of the on 1,300,000 bales of cotton held by the Cotton Corp., Stabilization 650,000 bales, is to be sold during the cotton year beginning Aug. 1 1932. It was further stated that it would or be the purpose to distribute the sales "throughout the without disturbance to markets son Board indicated that this action to or sea¬ price levels." The in accord with recom¬ was mendations made by the Cotton Advisory Committee. latter, it learned was from the Board's understands that cotton co-operatives are a The announcement holding about 2,- commitment of the Board extending to July 31 1933, and it was understood that they would continue to withhold this cotton from the market unless it could be sold at cost by the Federal Farm Board being "approximately cotton nowr tion plus the carrying charges—a The 650,000 bales authorized to be sold were one-fifth reported by the latter of the total Corp. and by cotton co-operative associations." announced from sion of great had been facturers Manchester, England on that Association of 1929 day when announced which of refusal ductions or the it specified working schedule for mill hands. come on It May 3 that a was deci¬ importance to the Lancashire cotton industry made agreement as quantity of being withheld from sale by the Cotton Stabiliza¬ Spinners & Manu¬ would a terminate standard This action to conclude an agreement on wage on the and the out¬ was by the employees to negotiate wage the so-called re¬ inore- looms-per-weaver system. This left the spinning and weav¬ ing sections of the industry, involving half a million workers, without any agreement on hours and wages. A number of firms, however, already had entered into private agreement with their system or employees for ments with their from Blackburn strike affecting trade was were now own vote adoption more-looms free to make similar arrange¬ Associated Press advices (Lancashire) more England May 19 said that a than 200,000 operatives in the cotton threatened on of the Other members of the Em¬ workers. on Northern Counties Textile men the had reduced wages. that day Trades by a decision Federation to of the have the the question whether they were prepared to ballot, it was stated, would be made known before June 11, the day set for termination of the employee's notices ending all agreements on wages and hours. Spot Cotton in New York fluctuated quite consider¬ ably and in an irregular fashion, but suffered a sharp break on the closing day of the month, on generally favorable weather in the Cotton Belt over the holidays and extreme weakness in the security markets. Spot cotton in New York, as against 5.60c. April 30, several times during the month sold up to 5.90c., namely on May 6 and 7 and again on May 20, and on May 23 touched 5.95c., after which there was a walk out. The result of the steady decline, with a severe break on May 31, as already stated, which carried the price at the close of the month down to 5.30c. were Print cloths at Fall River for 28 in. 64x64 marked down on May 20 from 2%c. a yd. to 2%c. In the wool trade the unsettlement in the raw wool market a disturbing feature to the manufacturer no less than to the wool grower and dealer. The goods market was un¬ settled by weakness in the raw material and the raw ma¬ terial was weak because of absence of demand from the tions ranging from goods manufacturer—so levels. mill THE TEXTILE COTTON COTTON The more MARKETS AND THE COURSE OF SILK AND RUBBER- STABILIZATION IN textile YEAR CORP. TO BEGINNING AUG. market during SELL 1 650,000 BALES OF 1932. May continued worthy woolen though weather brought some scattered increases buying, but not sufficiently so to make any note¬ change in the situaiton. goods and worsteds, there In cotton was one commentator expressed it. Wool activity in April was reported as being approximately only 50% of the average for recent years. Spring prices on rugs and carpets were reaffirmed in New York on May 23 by manufacturers opening their Fall lines. The action of dull, seasonable in retail • April 30 on decrease of 21.5% during the a 14, showed only 367,280 bales of lint cotton and 50,936 bales was Comparison of textile prices in the to only 4% greater than at the beginning The U. S. Census' monthly figures, issued May ployers Association 1896. Associated Press advices May 25 from Kansas City stated amounted were price around 13c. Coffee prices continued to Council Unfilled orders 100,000 bales of the crop of 1930, under Cuban had of linters consumed in the United States prices which sugar on 302,216,000 yards, but nevertheless 3.77%c. May 5. on Stocks month. to May 4, when all companies but Arbuckle Bros, on 79% of production. 366,000 yards, representing April 5, when leading sugar refiners made the price 3.90c. hope of increasing the buying of sugar, was also met by the Revere Sugar Refining Co. The second reduction April 10.1% less than the production Sales during April were 102,307,000 yards, equivalent to 49.9% of production. Shipments during the month amounted to 162,104,000 yards, equivalent the first since in the during was during the month of March. points from 3.90c. was production 205,089,000 yards, which ing & Molasses Co., the California & Hawaiian Sugar Refin¬ ing Co., and Arbuckle Bros. The first reduction was made on Cotton Cloths for the month of April, and these that showed Sugar Refining Co., the National Sugar Refining Co., the Pennsylvania Sugar Co., the McCahan (W. J.) Sugar Refin¬ to 3.80c. On Monday May 16 the Association of Cotton Tex¬ activity. BY goods, as in regularly curtailed producers in adhering to spring quotations and selling terms, store representatives said, would overcome the un¬ certainty felt by the trade when it was first announced that of the mills would wait until Aug. I before showing fall patterns. Raw silk prices towards the close of May sank to new all time low levels in Japan and in the market in this city. A sharp break on May 26 at Yokohama and Kobe some 3 MONTHLY REVIEW attributed to heavy selling by holders of raw silk who been seared by rumors of a tariff on silk. Tokyo ad¬ was had vices of May 24 spoke of "startling plans for socialization on the silk industry having been announced by the Government and saying that bills were being raw Japanese drafted for submission to the Imperial Diet which convened on that day." On May 31 Japanese double extra 13-15 deniers were quoted $1.10@$1.15 May 31 against $1.35@$1.40 30; $1.50@$1.55, Mar. 31; $1.67%@$1.70 Feb. 29; $1.87% @$1.90 Jan. 30; $1.85@$1.90 Dec. 31; $2.20@$2.25 on Nov. 30 and also on Oct. 31, and comparing with $2.25@ $2.30 Sept. 30; $2.50@$2.55 on Aug. 31; $2.30@$2.40 on July 31; $2.35@$2.40 on June 30; $2.22%@$2.27% May 29; $2.35@$2.40 April 30; $2.55@$2.65 March 31; $2.70@$2.75 Feb. 28 and $2.85@$2,95 Jan. 31, and 4.70@$4.75 on Jan. 31 1930. In the 20-22 deniers, Japanese crack double extra were quoted at $1.10@$1.15 May 31 against $1.32% @$1.37% April 30; $1.42%@$1.47% March 31; $1.70@$1.80 Feb. 29; $1.95@$2.00 Jan. 30; $1.85@$1.90 Dec. 31; $2.30@$2.32% Nov. 30; $2.10@$2.15 Oct. 31; $2.25@$2.35 Sept. 30; $2.45@ $2.55 Aug. 31; $2.25@$2.30 July 31; $2.40@$2.50 June 30; $2.07%@$2.12% May 29; $2.25@$2.30 April 30; $2.50@$2.60 March 31; $2.65@$2.70 Feb. 28; $2.85@$2.90 Jan. 31 1931, and $4.€0@$4.65 on Jan. 31 1930. April Prices for crude rubber took May. New all time low prices were established over and again. On May 26th there was a further severe break aver on further bad tumble during a heavy offerings of rubber from Singapore in the London market with the result of establishing a new low there and on the New York Rubber Exchange. on the board declined to 2.70c. and comparing with record both The price pound, a drop of 13 points, a previous low record of 2.75c. The close on May 31 was even lower than this, the June option selling down to 2.68c. Ribbed smoked sheets for spot de¬ a livery in New York were quoted May 31 at 2 ll-16c bid and 2%c. asked as against 3 l-16c. asked April 30; 3 l-16c. bid and 3 3-16c. asked Mar. 31; 3%@3 ll-16c. Feb. 29; 4 5-16@ 4 7-16c. Jan. 30; 4 13-16c.@4 15-16c. Dec. 31; 4 5-16@4%c. on Nov. 30; 4 9-16@4%c. Oct. 31; 4%@4%c. Sept. 30; 5@ 5%c. Aug. 31; 5%@5%c. July 31; 6 13-16@6 15-16c. June 30; 6%c. bid May 29; 5%@6c. April 30; 6ys@7c. March 31; 7%@7%c. Feb. 28; 7%@8c. Jan. 31; 8%@8%c. Dec. 31 1930, and 15%@15%c. Feb. 28 1930. CONTINUED LACK OF IMPROVEMENT IN STEEL CORPORATION ANNOUNCES WAGES—COPPER On May PRICES DROP 6 announcement THE A STILL came STEEL FURTHER TRADE—U. S. REDUCTION IN metal steadied in approving bill. revenue the action of the U. S. on an import tax In marked down New the that, effective May 16th, May 23 on market Lake copper York was May 4 from 5%c. to 5%c. and lowered to on 5%c. on May 20; electrolytic copper was reduced May 11 5%c. to 5%c., on May 12 to 5%c., on May 17 to 5%c., and on May 20 to 5c., but was marked up again on May 25 to 5%c. Tin prices fluctuated erratically as usual, but with an from upward so that the quotation May 31 was 20.50c. April 29. Associated Press advices from Lon¬ don, May 3, announced that tin production in the principal trend, against 19c. on tin countries would be suspended during June and July and August at the rate of 40% of the assigned quotas. resumed in It stated that the International Tin cartel, in which the was Malay States, Nigeria, Bolivia and the Dutch East Indies participate, decided upon this drastic action to improve the market for their product. The 40% reduction schedule is to be maintained until the minimum selling price has been increased to £200 ($732 at the exchange rates of the day before), then the production is to be raised to 50%. PETROLEUM AND ITS GASOLINE PRODUCTS—DRASTIC REDUCTIONS PRICES METROPOLITAN IN A four-cent reduction in service station made by York City effective the Standard Oil of as other marketers in this Co. of N. Saturday area one was IN AREA. prices for gasoline Y. throughout New May 21 and met by of the features of the month. The cut brought the tank wagon price down to 6%c. for gasoline delivered, while the tank car quotation remained at 6%c. The reduction was brought on by aggra¬ vated price cutting among retailers in different parts of the city, but most pronounced in Brooklyn. In that borough stations some had gallons for $1. been offering gasoline at from 7 to 8 The action of Socony made 8 for $1 the offi¬ cial price, including the 3c. State Tax. In the case of crude petroleum efforts at curtailment of output continued actively in progress. Governor Murray of Oklahoma re-entered the petroleum situation in that State. homa City field Believing that the Okla¬ being drilled excessively, he declared martial law in that territory. This action aroused imme¬ diate objections on the part of City officials who declared was that Oklahoma City could enforce its own regulations. As result Governor Murray revoked his order but only "to see if the City officials will enforce the City ordinance against a extensions." openly Acting Governor Robert Burns of Oklahoma defied the William Governor. Murray lifted the State's martial rule LOWER. Senate of 4c. a pound in the on copper H. Alfalfa Bill) 3,000 rich oil wells on May 20. The Lieutenant Governor acted while Governor Murray was in New York making an address on over the U. S. Steel Corporation and subsidiary companies would "reduce by approximately 15% all wage and salary rates at behalf all departments in the more important steel districts and in other locations to rates reflecting equitable differentials." claimed by again pro¬ Governor Murray to prevent the Courts from interfering by Shortly aftef this announcement word came from Bethlehem, Pa., of a similar reduction by the Bethlehem Steel Corpora¬ Other than to tion. Other steel concerns, like the Republic Steel Corpora¬ tion of Youngstown, Ohio, and the Inland Steel Company of Chicago, with announced those of the business Workers efforts reduced the cut same make States Steel reductions -in Corporation. line These general slashes made by the steel to available. was would United cuts were the second panies in they adjust costs to the small On Aug. 10% and amount. on 1931 1 the amount of pay com¬ of salaried Oct.vl 1931, wage scales were The steel trade continued severely depressed. On its issue of May 19 the Age reported that steel ingot production for the country had risen a point to 25% of the capacity of the mills against 24% in the two preceding weeks, but the next week this increase was lost again and by the close of the month production was down only 23%. The Iron Age in its issue of June 2 said that mild improvement was in evidence in some steel products, to but had not reached mill decline in books in time to prevent another ingot output to 23% of the country's capacity, this lowered rate having been partly brought about by the Memorial holiday on May 30. The Age makes the composite price of finished steel May 31 2.087c. per lb. the same as a month earlier, the composite price of pig iron $14.06 per "gross ton against $14.35 a month earlier, add the composite price of steel scrap $7.33 a gross ton against $8.04 a month earlier. In the feature. May non-ferrous A 12 when metals all time first hand new low copper for metal was copper became domestic market from several sources at again a reached was available 5%c. weak a in on the established May 20 when copper became available in the domestic market at 5%c. a pound delivered for the nearer months. on The last quarter of the year fell to Oklahoma, that the State has the limit the State the whose official price remained un¬ changed at. 6%c. c.i.f. Hamburg, Havre and London is under¬ stood to have sold 20 at 5%c. small amount, of foreign copper on May Towards the close of the month the price of the a of common a the amount proration. on of the and authority the reasonable wells of daily market require ratable production by all taking from of supply. May 2 issued source Commission power production of oil and gas from to demand and to In East Texas the Railroad order reducing the per^well an daily allowable output in the East Texas oil fields to 61 barrels for the first 15 days of May from 67 barrels in the preceding 15 days. For the last half of May the allowable On May 31 a further order was is¬ fixed at 59 barrels. was sued reducing the allowable output for the first 15 days On May 31 allowable oil production in the South Oklahoma City field was reduced by nearly of June to 54 barrels. 8.000 barrels daily for June by order of the State Corpora¬ tion Commission after a hearing to determine market demands for oil from the city field for the next month. 1 The Corporation Commission fixed the allowable production at exact figure set by nominations of pipe line and oil the purchasing companies, 97,336 barrels a day, compared with Mav allowable of 105.000 barrels daily. In the following the important changes during May in prices both show we for crude oil and the refined product: Crude Oil. / May 17.—Pure 10c. a barrel. Oil Co. advances Midland County, Mich., crude oil New price, 65c. Gasoline and Kerosene, May 2.—Standard service station Syracuse, Oil "Co. of New York advances tank gasoline prices Rochester, Buffalo, He. a wagon and gallon in Buffalo district, including and other points. Also ad¬ Jamestown retail price of kerosene He. a gallon and tank car price He. a gallon throughout territory. May 2.—Standard ritory. European Presidential was enforcement of ports May 17 against 5%c. previously. It was reported May 19 that copper was available at one center at 5.40c. with law denounce acting Governor Robert Burns for to company on Democratic Corporation Commission from enforcing proration. In a unanimous opinion, written by Justice Butler, the U. S. Su¬ preme Court on May 16 decided in the case of the State May 17. Foreign copper reached a new low level when it sold at the equivalent of 5%c. a pound c.i.f. base Copper Exporters, Inc., injunction the martial 27 bitter foe of proration, filed their petition in the Supreme Court seeking a writ of prohibition to restrain the State vances price for September and the 5%c., also a new low record, on on for May on lifting martial law while he was in New York' Governor Murray took no action until the Wilcox Oil & Gas Co., a changed at 6%c. a pound c.i.f. Hamburg, London and Havre, as customs smelter offered copper on May 13 at 5%c. the lowest price at which copper ever sold abroad. Another new was candidacy but pound, de¬ livered to the Connecticut valley. Although the official price of Copper Exporters, Inc., for foreign copper remained un¬ low record his of nomination, lc. . a Oil Co. of Indiana advances tank kerosene wagon gallon throughout territory, excepting Michigan and Indiana. advances tank wagon furnace oil lc. except metropolitan a Chicago. Same gallon throughout ter¬ * - - . May 2.—Atlantic Refining Co. meets gasoline and kerosene price ad¬ of Standard of New York in Buffalo district. vances May 2.—Standard prices lc. a Oil Co. of Ohio advances service station per gasoline gallon throughout eastern Ohio. /.. May 2.—The Texas Co. advances tank car kerosene price gallon at Portland, Providence and Bajronne.' r " He. to 6c. ■ • ; MONTHLY 4 to i 6Hc. per gallon. May 6.—Standard 6He. at Buffalo to Co. of New York advances tank car gasoline Oil gallon. per Standard Oil Co. of New Jersey advances New prices are 6He. for 60 octane motor gallon for 65 octane motor gasoline; 7He. a gallon for May 7.—Effective to-day, tank gasoline He. a gallon. car gasoline; 7c. a Standard gasoline. of New Jersey advances Grade C bunker fuel oil 10c. a barrel and Diesel oil 20c. a barrel, making new prices 75c. for bunker fuel oil and $1.50 for Diesel, effective at New York, Boston, May 10.—Standard Oil Co. Baltimore, Norfolk and t' Charleston. line He. to 7c. at Providence and Boston. and Standard Oil Co. of Louisiana barrel to $1.35 and Grade C bunker fuel oil 5c. May 11.—Humble Oil & Refining Co. advance Diesel oil 15ci per a grade C bunker fuel oil to 80c. at bunker fuel and Diesel. May 12.—Gulf Refining Co. advances tank car gasoline price He. to 7He. at Philadelphia, Baltimore and Norfolk. May 13.—Retail price of gasoline advanced lc. per gallon to 20c. for May 11.—The Texas Co. advances Philadelphia, and met advances at Gulf ports on regular grade, including 4c. State tax. at posts 5c. advance in grade O bunker fuel oil New price at those points becomes Key West, Tampa and Jacksonville. 70c. per barrel. May 17.—Richfield Oil Co. advances tank car gasoline He. per gallon, making new price 7He. at New York, Providence and Baltimore. of Ohio advances kerosene price lc. a gallon May 17.—Standard Oil Co New price is 12Hc. tank wagon and 14c. service throughout its territory. Same company advances gasoline 2c. a station. ' Statewide to gallon in Scioto County, structure. May 18.—Crea Levick, gasoline, above 65 octane. Cities Service subsidiary, advances tank car He. to 7He. a gallon. of Ohio advances gasoline lc. a gallon in bringing May 18.-—Standard Oil Co Ashtabula, Mahoning, Portage, Summit and Trumbull counties, losing no time in consulting the other governments who will be assembled at Lausanne as to the suggestion which has been made." of the Lausanne meeting. second half 6Hc. at these points; and He. reduction at Portland, Me., new price there being 7c. of Ohio reduced gasoline May 24.—Standard Oil Co. further fa vorable consideration was indicated June 2. The State Department made known„ an Associated Press dispatch said,, that if the Lausanne conference of June 16 holds an adjourned meeting in Lon¬ of discussing plans for the' betterment economic conditions, the United States is quite- don for the purpose world "The United States and Great Britain," willing to attend. it was reported, "are in complete agreement about the hold¬ ing of a world economic conference in London, and this Government will attend at any time such a conference can The procedure of holding an adjourned con¬ would, it is pointed out, .definitely dis¬ sociate the meeting from the Lausanne conference, which is viewed in the United States as concerned with repara¬ tions. Attendance at the second meeting only would enable the United States Government -to maintain its traditional aloofness from all questions relating to reparations. Although a favorable view was taken everywhere of the arranged." be ference in London proposal for an economic parley, all observers remained com¬ pletely pessimistic regarding the possible results of the dis¬ cussion at Lausanne on the reparations problem. CHANGE OF MINISTRY IN FRANCE AND grade gasoline lc. gallon to new price of 12Hc., including 3-cent State tax. INTERNATIONAL CONFERENCE ON WORLD ECONOMIC CONDITIONS PROJECTED. economic conditions is under consideration. Increasing rumors of important con¬ versations between the British and American Governments led to the disclosure, apparently somewhat prematurely. Secretary of State Henry L. Stimson made known in Wash¬ ington, May 31, that such a conference was in prospect, while Foreign Secretary Sir John Simon informed the House of Commons in London on the following day that all coun¬ on world tries invited to the Lausanne conference on German repara¬ regarding participation The greatest importance was tions were also being sounded out in this economic parley. new promptly attached to this proposal, not only in Britain and the United States, but in all other lands as well. Disclosure of the plan for holding this meeting was made result of steadily mounting conjecture a as regarding the subject of a transatlantic telephone conversation held May Prime Minister Ramsay MacDonald and Secre¬ 25 between Stimson. In his first formal pronouncement on the Stimson revealed that the suggestion for an international conference arose from inquiries by the British tary subject, Mr. Ambassador to Washington as to whether would world the United States join in a meeting to consider "methods to stabilize commodity prices." After due consideration, the Secretary -added, Mellon in a reply was made through Ambassador to the effect that this Government con¬ London siders early convocation of the conference might be of real depression. "The proposed conference with war debts, reparations, disother than purely economic subjects," Mr. value in the present would have nothing to do a n anient, Stimson It or any announced. was indicated unofficially, in following days, that the question of tariffs also would be excluded from the sions. discus¬ Reports from Washington stated that the conference would be expected to take a wide range, covering questions relating to currency, foreign exchange, the gold standard, silver and other matters. In reference to commodity prices, a Washington dispatch to the New York "Times" said, it the conference would consider the general application of more liberal credit policies, in the belief this will stop the shrinkage of values. was expected In his statement before the House of Commons, Foreign Secretary Sir John Simon remarked that the arrangements were still in an informal and preliminary stage, and that the views of other Governments had not yet been made available. "It has to be remembered," he said, "that the include, terms of reference for the conference at Lausanne among other objects to be sought, not only a settlement of reparations, but also an agreement on the measures neces¬ sary to solve other economic and financial difficulties which prolong the present world crisis. States sehds representatives to the second part of the Lausanne conference, there is are responsible for and may Unless, therefore ,the United grave danger of overlapping and the questions of time and place would remain to be considered Political developments of GERMANY—ASSASSINATION PRESIDENT. outstanding importance occurred during May in France and Germany. Cabinet crises were occasioned in both countries by expressions of the popplar which left no doubt that the existing the will of the people. In France the Cabinet headed by Premier Andre Tardieu resigned soon after elections for the Chamber of Deputies, held early in May, but the resignation was not accepted until after the new Chamber session began on will in plebiscites On the following day M. Eouard Ilerriot undertook June 1. development of unpredictable potentialities in world affairs was foreshadowed in the closing days of May, when announcement was made in Washington and London that an A international conference FRENCH regimes were not fully representative of May 28.—Standard Oil Co. of Indiana reduced third per lc. a gallon in County, to meet competitive conditions. Hancock as Government will be given reduction in and Providence, making new price prices at Boston States United the to invitation OF May 21.—Standard Oil Co. of New York announces He. car a virtuaL to join theThat the proposal statement was viewed in Washington This these sections to Statewide structures gasoline tank At the same time, the im- portance of co-operation by the United States in such a discussion is so great that his Majesty's Government is of barrel to 60c. at Gulf ports. May 16.—The Texas Co > in Washington, , 10.—Atlantic Refining Co. advances XT. S. Motor tank car gaso¬ May • conference were decided upon. York advances tank car gasoline at May 5.—Standard Oil Co. of New Buffalo REVIEW even if yet a further to form a orientation Cabinet of parties with a somewhat more Left than that of his predecessor. In Germany a crisis Cabinet was brought about by President Paul von owing primarily to the results of the Presi¬ dential election in March and the State elections which Ilindenburg, followed. These plebiscites showed that the National-Social¬ ist party of Adolph Hitler, with its Fascist leanings, had made huge strides. Attempts were made to give1 the regime headed by Dr. Heinrich Bruening a more representative- After a protracted dis¬ Hindenburg and Dr. Brue¬ cast, but these were unsuccessful. cussion between President von ning, the latter resigned, and Colonel Franz von Papen was commissioned This as was only to form a "national concentration" Cabinet. quickly done, but the step was immediately revealed a means toward dissolution of the Reichstag and the liokling of general elections in the Reich. A decree dissolv¬ ing the Reichstag was signed by the President June 3, and elections must be held within 60 days thereafter. French parliamentary elections were held early in accordance with the Continental system, which in May, requires an absolute majority in the first balloting, with a second test necessary in all instances where results are indecisive. More than 3,600 candidates appeared in the contest for the 615 seats in and the Chamber. First ballots were cast May 1, they revealed a substantial victory for the Left groups, and especially for the Radical-Socialist party of Edouard Actually, only 248 seats were decided in the first election, and these showed an almost equal division between Right and Left groups. Owing to the established custom of the Left parties to withdraw weaker candidates and leave the field clear for an outright contest with the Right party candidates in doubtful districts, this presaged a Left victory in the second balloting, which was held May 8. Before the second election could be held, France was thrown into national mourning by the assassination of thePresident of the Republic, Paul Doumer. The 75-year-old President was shot twice on May 6 by a crazed Russian emigre, and he died of his wounds early the next day, despite desperate efforts to save his life. Questioning of Paul Gorguloff, -the fanatical Russian who committed the act, indicated a belief on his part that the murder would provoke France into declaring war on Soviet Russia. A national funeral was held May 12. Premier Tardieu acted with great dispatch in this national emergency, and promptly summoned the Chamber of Deputies and the Senate to meet at Versailles, May 10, for the election of a new President. Albert F. Lebrun, President of the Senate, was elected by an overwhelming vote to occupy the Elysee Palace. Only one vote was taken by the National Assembly, and M. Lebrun was elected by 633 votes to 114 given the Socialist candidate,. Ilerriot. M. Paul Faure, admittedly as a party gesture. It was at first assumed that the assassination might of the second balloting for Deputies, but the incident apparently brought few changes, if any. Thetendency indicated in the first vote was confirmed on May 8, change the and the course Radical-Socialists scored second the greatest gains, this-- The Socialists secured the strongest representation of 129 seats in the new- party emerging with 157 seats. 5 MONTHLY REVIEW followed, May 30, and the occurrence was due to the direct personal action of the President. The German Parliament was not in session at the time. It was reported in a Berlin dispatch to the New York "Herald Tribune" that the resignation was regarded in German political circles as heralding not a mere change of Ministry, Fall parties of the Right lost considered to a large degree a personal defeat of Premier Andre Tardieu, who relied for support upon the Right and Center groups. M. Tardieu made it his first business, therefore, after the election of President Lebrun, to hand the resignations of his Cabinet to the new chief of the French State. He consented to remain in office until the meeting of the new Chamber, but only on condition that his successor would be chosen as Chamber. All important the quickly It possible. as , but May 19, when M. Herriot informed the Diplomatic Corps in Paris that his Government would pursue a policy in nomic further was an convened, June 1, M. Lebrun accepted the formal resig¬ M. Herriot immediately undertook to form a new Ministry. A coalition regime of Kurt startling expected to Baron, a Minister dissolving the Reichstag almost immediately, and general" elections. This expectation was realized decree calling for German Government was more discon¬ certing, from an international viewpoint, as it signified the end of the coalition Cabinet which had guided the desti¬ nies of the Reich with great skill for more than two years. Chancellor Bruening and his entire Cabinet were forced •to resign, May 30, when, at a private conference held by the Chancellor with Field Marshal von Hindenburg, the Presi¬ The change in the expressed opposition to important proposals of the relating both to internal and foreign affairs. The enforced resignation of Dr. Bruening was everywhere dent Chancellor deplorable, as he had gained a world-wide reputa¬ and trustworthiness in the conduct affairs. The Cabinet crisis occurred, moreover, considered for force, ability of German few weeks after the Reichstag supported the Brue¬ ning regime by comfortable margin in a confidence test. of the resignation was followed by the a Announcement President and the leaders usual consultations between the important Reichstag parties and groups. These were late May 31, when President von Hindenburg form a "national concentration" Cabinet. The choice was viewed with little 4, when a Presidential decree was announced June making Parliamentary elections necessary within 60 days. new POLITICAL MURDER IN JAPAN—ASSASSINATION OF PREMIER INUKAI. discontent also were audible in. Japan during May, and the traditional weapon of political murder was employed to make the complaints of factions effective. A band of militaristic terrorists shot and killed Premier Ki Inukai, 77-year-old head of the Seiyukai party, May 15, precipitating a Cabinet crisis. The occurrence was only one incident in a series of terroristic acts committed' by the assailants, who attempted to assassinate Lord Keeper of the Privy Seal, Count Nobuaki Makino, as well. Bombs were thrown at a number of Government buildings and at Rumblings of political After these attacks 18 young militaristic surrendered and made it plain that they were banking quarters. malcontents of all motivated by concluded at the cost of life commissioned Colonel Franz von Pa pen to in enthusiasm with marked Germany and Colonel countries. other Pa pen von was coolness in all not a national figure in the Reich, where he is known chiefly as the owner i Neurath, German Ambassador of the Interior, is also considered a strong personality in the regime. It was confidently pre¬ dicted in Berlin that President von Hindenburg would issue develop. a June 3, with Schleicher, Reicliswehr (Defense) Minister. von Gayl, von mildly Liberal parties was formed June 4, and no only completed was two minor portfolios, and believed in Germany to ber tion one or The leading figure in the Cabinet is generally be not the Chancellor, but General publicans. nations of the Tardieu Cabinet, and previous French policies are Government new London, who is regarded with animosity by German re¬ to national and international questions. departures from the stress of the world's greatest eco¬ chose Baron Konstantin von position of France with respect to important Soon after the Cham¬ Tehrun of the over were the President von Hinenburg promptly administered the oaths of office. As the Foreign Minister in the regime, Chancellor von Papen The Flandin informed President Finance Minister Pierre Etienne holding a Cabinet crisis." exception of reparations and disarmament. In preparation for his assumption of office, M. Herriot attentive listener, May 24, as Premier Tardieu and debts, war on Bruening Cabinet in power tided the Reich foreign affairs differing but little from that of his prede¬ cessor. He made clear that he favors the established French policies Dr. for maintaining found unacceptable. "The fall was due," the "Herald Tribune" report said, "to a clash of views between the Chancellor and the President, whose intimate and cordial co-operation for two years had the These were outlined to a degree, views. in his taken an entirely new governmental regime Bruening handed the collective resigna¬ beginning of the Reich. meeting at which the President's conditions leader, M. Herriot, would be invited to form a Government to succeed that of M, Tardieu, and a corresponding interest was the Bruening Government tions of the Cabinet to the President after Radical-Socialist accepted from the start that the was immediately made apparent that in VV .'V ; of the was it ground, and the election was of the newspaper extreme "Germania" and as a member of the Right wing of the Catholic Center party, to which The party manifested its instant Dr. Bruening also belongs. disapproval of the choice by announcing that it will have nothing to do -with the Papen Cabinet. von It appeared, however, that the important National-Socialist party would view the new regime tolerantly, in the expectation that Parliamentary elections will be held in the autumn and the transition regime. The dpbbed in Germany a Feudal Cabinet, as the choice of Ministers by Chancellor von Papen reflects the domination of the old German no¬ von new Cabinet thus Papen Government prove was recalled that the surprise and concern. Colonel von Papen, It was immediately together with Captain Boy-Ed, naval attache of the German Embassy in Washing¬ ton, was recalled to Germany late in 1915 at the request of An announcement the United States Government. on Dec. 3 1915 by Robert Lansing, then Secretary of State, indicated that the recall Government requested was "on account of what this ing The Dr. rift however, probably prove a by the realization temporary one. Bruening was von reflected with more cellor to reconstruct his Cabinet. out of after he issued an or that the President OF THE U. S. TREASURY. by the United States during the month of May placing of several new issues bills, disposed of on a discount basis, and the terms on which these new bills, as announced from week to week, became steadily more favorable to the Government,, Treasury in April, the financing confined entirely to the of Treasury until on a a point was reached when the bills were discounted so low that the rate of interest was barely more basis of things grew out of of large-scale purchases of United States Government securities w(th a view to getting out Federal Reserve credit in corresponding measure for than state This unique nominal. Reserve Federal the policy less definiteness General Wilhelm Groener asro order for the suppression of the Fascist by Adolpli Hitler. The choice of a difficult and the post remained vacant. Hindenburg repaired to his estate at Neudeck proved von in East Prussia for a proclaimed purpose of easing the general credit situation thereby inducing, as 'hoped, the ordinary banks to assume a more liberal attitude in the granting of loans and the making of to check the short holiday, and returned to Berlin investments. The ultimate object in mind was; decline in commodity prices and to raise such prices to higher levels. of To that end it was felt a policy inflation was necessary, that inflation to Hindenburg and theJDefense Ministry several, weeks storm battalions built up successor non-partisan Cabinet on and in the views of President forced new the 'during recent weeks by the abortive attempts of the Chan¬ was rHE MAY FINANCING v indictment by a Federal Grand Jury, an tempered, Cabinet will a and the After the extensive financing done 'in Papen left the United States, the choice of President Hindenburg was considered most surprising. This feel¬ was to form 74-year-old Admiral, who was formerly Governor-General of Korea, accomplished this task speedily. Three ministerial posts were allotted to the Seiyukai or majority party, two to the Minseito or opposition group, and. six to military and other non-partisan leaders. improper activities in military and early in 1916, Colonel, von Papen was charged with "setting on foot a military expedition against a friendly power." Because of the questionable auspices under which Colonel von commissioned May 22. considers naval matters." von was was capitals of the last economic stress and the general disgust at the corruption and ineptitude of politicians. After a week of uncertainty. Emperor Hirohito acted on the advice of Prince Saionji, last of the Genro or Elder Statesmen, to end the crisis. The liberal-minded Viscount Makoto SaitO' months, coupled with a Papen for the German Chancellorship von viewed with reports to be the inflamed nationalism in Tokio six promptly was bility, the Junkers and the military caste. In London, Paris, Washington and other choice of Colonel the old Japanese idea of registering a protest itself against conditions which they con¬ sidered intolerable. The real cause of the outburst was said call it was "re"-flation such re-flation the and it was distinctly declared intended, though a disposition grew up and to indicate that by means of previous deflation which, was held to be responsible for the decline in commodity prices would be The plain working of the scheme, however, was that the Reserve credit thus forced into the banking and overcome. credit channels simply congested in the financial centers in of excess reserves, and the banks in those centers; the effort to find employment for such excess funds bought the shape in United States Treasury bills and other of ready liquidity. short-time obligations The Reserve banks in turn in the carry¬ ing out of their policy of purchasing United States Govern¬ scale with a view to putting May 29. Immediately after ment securities on an enormous somewhat less in than an his return he confer recFTor hour with $>r. Bruening. A brief additional amounts of Reserve credit afloat, as already issued stating that the "entire political situation" had been discussed at the meeting, but otherwise explained (purchasers of United States securities having for several successive weeks averaged $100,000,000 a week), complete silence was preserved by the two participants. showed communication was a decided preference for the new Treasury bills, 6 MONTHLY REVIEW though they also indulged in the buying of United States bonds and of Treasury notes. This preference for the short-term out of the desire of the Federal PUBLIC (with stock purchase warrants, detachable after Mar. 15 1933, entitling holder to purchase at any time within 15-year period after Mar. 15 1933 and up to Mar. 15 1948, at a price of $5 Treasury bills grew Reserve Banks to insure a share, common stock of Associated Gas & Electric Co. at rate of one share for each $100 principal amount oi bonds). their own liquidity. The process, accordingly, was that the ordinary banking institutions, particularly at the financial centers, had large excess reserves and turned to Treasury bills as a ready means for investing the same. Spirited bidding was the natural outcome of such a situation, and the bidding was accelerated and intensified by the knowl¬ edge on the part of those making the tenders for the bills that in any event the Federal Reserve banks, being in the market for self-same these Treasury obligations, could be depended upon to take them off the hands of the purchasers of the same. Thus it happened that in the end the new Treasury bills found lodgment in Federal Reserve port¬ folios and that such high prices were realized that the yield to the purchasers of the bills—In this case the Federal Reserve banks themselves—dropped close to the vanishing The United States Treasury was the gainer, but at point. the expense of the Federal Reserve banks. not escape notice that second hand from the The fact should in buying these Treasury bills at original purchasers the Federal Re¬ banks had to pay an even higher price than that real¬ serve ized by the United original purchasers States Treasury so as to allow these profit on the transaction, from which a it follows that the full nature of the diminutive character of the rate of return to the Federal Reserve banks is not revealed by the rate at which the United States Treasury UTILITY FINANCING. $7,000,000 Associated Gas & Electric Co.—Guar. 8% bonds of 1940 Offered to holders of company's securities, including various subsidiaries. 5,100,000 Hackensack 1933. Water Co.—One year 6% notes due May 31 Placed privately through bankers. 5,000,000 The United Light & Power Co.—1st lien & consol. mtge. 7Ms, due 1937. Offered to holders of company's 1st & ref. mtge. 5% bonds, due June 1 1932 at par. 1,830,800 Northern Pennsylvania Power Co.—1st & ref. mtge. 5s of 1962 at 90 to yield about 5.63%. Offered by J. G. White & Co. r!y:• v.:".v•;/v!: ' \ 1,000,000 Wisconsin Power & Light Co.—1st lien & ref. mtge. 6% bonds, series H, at 88 and int. yielding about 7M% and due May 1 1952. By Halsey, Stuart & Co., Inc., Paine, Webber & Co. and Hill, Joiner & Co.. Inc. MUNICIPAL FINANCING. The largest municipal offering for the month was the $14,545,950 issue of Westchester Co., N. Y., bonds and certificates of indebtedness, which consisted of $8,102,000 4H% bonds and $3,900,000 4M% bonds and $2,543,950 3% certificates of indebtedness. The bonds were disposed of at a price of 100.017, a net interest cost basis of about 4.3796% and were reoffered to yield from 2.50 to 4.25%. The certificates were sold at a price of par plus a premium of $1,705, equal to 100.06, a basis of about 2.99% and were reoffered to yield 2.50%. We give below some of the larger State and municipal offerings for the month which are as effected its sale of the bills—from that rate must be deducted follows: the $14,545,950 Westchester Co., N. Y.» bonds and certificates of indebted* ness, comprising $12,002,000 bonds as follows: $8,102,000 4Ms, due from 1933 to 1965, incl., and $3,900,000 4Ms, due from 1933 to 1981, incl.; also $2,543,950 3% certificates of profit realized by the first-hand purchases of these Treasury discount bills, whatever that profit may have been. As to the sales themselves of these were, as Treasury bills, they already stated, at rapidly declining rates of return indebtedness, due June 5 1933. The bonds were awarded to a syndicate headed by the Guaranty Company of New York, at 100.017, a net interest cost basis of about 4.3796% and were reoffered to yield 2.5b to 4.25%. The certificates were awarded to P. W. Pressprich & Co., of New York at a price of par plus a premium of $1,705, equal to 100.06, a basis of about 2.99%. Reoffered at a price to yield 2.50%. . until they were only a little above merely nominal figures. The latter part of March these Treasury bills had sold on a discount basis of 2.08% per annum. During April the sales ranged from an average of 1.05% per annum down to 0.62 1% per annum. On May 4 an issue of $75,000,000 and 0.63 of of 91-day Treasury bills was 10,000,000 State of Minnesota bonds, consisting of $7,000,000 4Ms, due from 1937 to 1947, incl., and $3,000,000 4s, due $1,000,000 annually from 1934 to 1936, incl., awarded to a syndicate headed by the Chase Harris Forbes Corp. of New York, at 100.158, a net interest cost of about 4.20%. Reoffered to yield 3.50 to 4.10%. announced by Secretary Mills. These bills, which were dated May 11 1932, and made to Aug. 10 1932, replaced $76,399,000 of Treasury bills which matured on May 11. Tenders were received up to 2 p. m. Eastern Standard time, on Monday, May 9. These tenders reached an aggregate of $351,661,000, of which $76,744,000 were accepted. The average price realized by the Treasury on this sale was 99.829, the average rate on a bank discount basis thus being about 0.68 of 1%, which was not materially different, it will be observed, from the rate at the last sale in April, which was, as just noted, 0.63 of 1%. Succeeding sales in May, however, were at much better prices to the Treasury, and correspondingly lower rates of return to those purchasing the bills. On May 11 Secretary Mills gave notice of an offering of $75,000,000 of 91-day Treasury bills, these being dated May 18 1932 and made to mature on Aug. 17 1932. They replaced an issue of bills totaling $75,689,000, which matured May 18. Tenders were received up to 2 p. m. Eastern Standard time, on Monday, May 16. The total amount applied for on this occasion was $395,069,000, of which an even $75,000,000 was accepted. The average price realized by the Treasury was 99.893, this being an average rate on a bank discount basis of only about 0.43 of 1% per annum. This, it was pointed mature , the lowest interest out, was rate at which any issue of the previous low record having been 0.46 of 1% made in the summer of 1931. Treasury bills But the rate was was bills dated May 25 were of, destined to drop still lower. announcement came of ders disposed ever received an On May 18 offering of $60,000,000 of 91-day 1932, and to mature Aug. 24 1932. Ten¬ up to 2 p. m. Eastern Standard time, Monday, May 23. This attracted bids in the amount of $334,818,000, of which $60,050,000 were accepted. The average price obtained by the Treasury in this sale was 99.927, at which figure the average rate of return on a bank discount business annum. was no more In view of what has already than 0.29 of 1% per been said, it seems like supererogation to add that this was by far the lowest rate of return at which any sale of Treasury bills was ever effected, and moreover, as banks must have netted an indicated, the Federal Reserve even lower rate of return after allowing a profit on the transaction to those who purchased the bills at first hand. There was still another sale during 5,000,000 State of Missouri 4M% road bonds awarded to a syndicate managed by the Continental Illinois Co., of Chicago, at 103.197, a basis of about 4.26%. Due on April 1 from 1950 to 1955, incl. Reoffered at 104.25 to yield 4.16 to 4.20%. 5,000,000 Nassau Co., N. Y., bonds, divided into four issues. due serially from 1944 to 1961, incl., purchased by Dillon, Read & Co., of New York, and associates, at 101.69, a basis of about 4.38%. Reoffered to yield 4.30%. 5,000,000 New York, N. Y., 5M% home and emergency work relief bonds, due $1,250,000 each year from 1934 to 1937, incl., awarded at par to the Chase National Bank and the National City Bank, both of New York, jointly. The security invest¬ ment affiliates of the banking institutions re-offered the bonds at prices to yield from 5.23 to 5.56%, according to maturity. 4,856,000]Boston, Mass., 4M% bonds, comprising 23 separate issues. awarded to a group headed by thelChase Harris Forbes Corp., of Boston, at 100.209, a basis of about 4.48%. An issue of $1,500,000 bonds is due in 1982 and subject to prior redemption on or after 20 years from date of issue, while the remaining Reoffered at prices to yield 3 to 4.40%. i issues mature serially from 1933 to 1952, incl. 3,986,000]Newark, N. JL, 53M%street opening bonds awarded to a group headed by the Bankers Trust Co., of New York, at ! * 100.359, a basis of about 5.71%. Due serially from 1933 to 1962, incl. Reoffered to yield 4.50 to 5.50%. 3,000,000]State of California 4lA% veteran's welfare bonds, due from 1937 to 1953 incl., purchased at public auction by a syndicate under the management of the Bankers Trust Co., of New York. The State received a price of 102.03 for the issue, the net interest cost basis being about 4.30%. Re-offered to yield 4.15 to 4.20%. Changes in dividend declarations in May were again and again mostly of an unfavorable nature. The following table, divided into two sections, namely, "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: numerous FAVORABLE CHANGES. American Cigar Co.-—Dividend on the common stock resumed by declara¬ tion of $2 a share payable June 15 1932. Homestake Mining Co.—Monthly div. on the capital stock of $100 par increased from 65c. a share to 75c. a share. Newark (O.) Telephone Co.—Quar. div. on the no par common stock increased from $1 a share to $1.50 a share. Reliance International Corp.—Dividend on the $3 conv. series, cumul. pref. stock resumed by payment of 50c. a share. Seaboard Oil Co. of Del.—Quarterly dividend of 10c. per share on the capital stock, no par value, payable June 15 1932. This is the first pay¬ ment since Nov. 15 1924, when a dividend of 50c. per share was paid, at which time the company was known as the Mexican Seaboard Oil Co. UNFAVORABLE CHANGES. May, and the rate at that sale was only a trifle higher than unprecedentedly low figure just mentioned. On May 24 the Secretary of the Treasury offered $100,000,000 of these the 91-day Treasury bills. This was to replace $101,412,000 of bills maturing June 1. Bids were invited up to 2 p. m. Eastern Standard time, on Friday, May 27. Tie bills were dated June 1 1932, and to mature Aug. 31 1932. The total of the applications in this case was $296,503,000, of which $100,200,000 were accepted. The average price realized by the Treasury was 99.919, equivalent to an average rate on a bank discount basis of about 0.32 of 1%. NEW SECURITY ISSUES AND DIVIDENDS IN MAY. A limited number of public utility offerings constituted financing in the domestic market for the month of May apart from the awards of State and muni¬ cipal obligations. * Below we give offerings of $1,000,000 or over for May, which consisted of the following: - • •. • • ^ \' the bulk of the new Alabama Great Southern RR.—Semi-annual div. on the 6% cumul. & partic. pref. stock reduced from 4% a sh. to 3% a share. The semi-annual div. on the common stock of 4% was omitted. Aluminum Industries, Inc.—Quar. div. on the capital stock decreased from 25c. a share to 12MjC. a share. Altorfer Bros. Co., Peoria, 111.—Quar. div. of 75c. a sh. on the $3 cumul. conv. pref. stock omitted. American Electric Power Corp. (Del.).—Quar. divs. of $1.75 the $7 cumul. pref. stock, a sh. on and $1.50 a sh. on the $6 cumul. pref. stock both omitted. American European Securities Co.—Quar. div. of $1.50 $6 cumul. pref. stock omitted. a share on the American Gas & Power Co.—Quar. divs. of $1.50 a sh. on the $6 series cumul. 1st pref. stock and on the $6 cumul. pref. stock, both of no par value, omitted. American & General Securities Corp.—-Quar. div. stock reduced from 12Mc. a sh. to 10c. a share. on the class A common American Power & Light Co.-—Semi-annual div. of 2% in common stock on the common stock omitted; . , •American Public Service Co.—Quar, div. of lM % on the 7% cumul. pref. stock omitted. . „ . ..... American Radiator & Standard Sanitary Corp.—Quar. div. of 10c. share on the no par common stock omitted. a 7 MONTHLY EEYIEW American Sugar Refining Co.—Quar. from 1% a sh. to H of 1%. reduced div. on the common stock 7% cumul. Arkansas-Missouri Power Co.—Quar. div. of 1H% on the pref. stock omitted. Arkansas Natural Gas Corp.—Quar. div. of 15c. a pref. stock of $10 par omitted. J.—Semi-annual div. of 40c. a share on Associated Co., Newark, N. stock deferred. common cumul. share on the 6% the the capital stock of 2% a share omitted. Atlantic Coast Line RR.—Dividend on the common omitted. On Jan. 11 last a sh. to 50c. a Bankers this issue. stock reduced from on $1 capital stock reduced from share. Shippers Insurance Co. of New York.—Quar. the capital stock omitted. ' & share a a stock of $100 par distribution of 2% was made on Atlas Powder Co.—Quar. div. on the no par common 50c. a sh. to 25c. a share. Babcock & Wilcox Co.—Quar. div. on the div. of $1 Bell Telephone Co. of Canada.—Quar. div. on the capital stock reduced from 2% to 1H%. •.. .• Bendix 'Aviation Corp.—Quar. div. of 15c. a share on the common stock omitted. ' ' Best & Co., Inc.—Quar. div. of 50c. a share on the no par common stock omitted. the no par common stock the no par common Blaw-Knox Co.—Quar. div. of 12Hc. a share on stock omitted. Bobbs-Merrill Co.—Quar. div. of 15c. a share on omitted. Bon Ami Co.—Extra dividend of $1 a share on Borg-Warner Corp.—Quar. the class A stock dividend of 25c. omitted. share on the common a C; stock omitted. cumul; prior pref. stock omitted. A quar. div. of 1% % was paid on Jan. 2 1932. Boston Wharf Co.—Semi-annual div. on the common stock reduced from Boston RR.—Dividend on the 7 % & Maine $3H to $3 Bower share. a Roller from 25c. Bearing Co.—Quar. div. on the common sh. to 20c. a a stock reduced share. (E. J.) Brach & Sons, Chicago.—-Quar. div. on the no par common reduced from 25c. Broad River sh. to 10c. a a stock share. Co.—Dividend Power on the common stock A omitted. Budd Co.—Quar. div. of $1.75 a share due at this time on Wheel 1st pref. stock deferred. Cabot the Mfg Co.—Quar. div. of $1 a share on the common with $1.50 a sh. paid on this issue previously. Canadian Canners, reduced from 17c. a sh. This stock. a Ltd.—Quar. div. on the conv. partic. pref. stock sh. to 10c. a sh., and omitted the quar. div. of 5c. the common stock. on Carman & Co., Inc.—Quar. div. of 50c. a class A stock of no par value omitted. Central South & West share on the $2 cumul. conv. Utilities Co.—Dividends on the prior lien and (& Subs.).—The Noav York Curb the corporation that the dividend on the class A common stock shall be paid only after the scrip dividend declared on the pref. stock has been paid in full in cash. The corporation has called attention to the fact that inasmuch as the pref. dividend re¬ ferred to is not due and payable until Dec. 31 1932, it is evident that the May 1 stock dividend on the class A common cannot be paid prior to that date. : -';v;v 'ii' Chadwick-Hoskins Co.—Semi-annual dividend of 4% on the 8% cum. West Exchange Public has been Service notified Co. by preferred stock omitted. • , reduced Champion Coated Paper Co.—-Quar. div. on the common stock from $2 a share to $1.50 a share. (A. W.) Chase Co., Ltd.—Quar. div. on the 6%pref. stock reduced $1.50 a from (The) Chesapeake Corp.—Quar. div. on the no par common stock reduced dividends on and common stocks—be 1932 dividend. Cities Service Co.—Directors on May 27 1932 decided that all of classes stocks—preferred, preference omitted after payment of the June 1 Cities Service 58 l-3c. a sh. on the $6 cumul. pref. and 41 2-3c. a sh. Power & Light Co.—Monthly divs. of cumul. pref., 50c. a sh. on the $5 cumul. pref. stock all omitted. the $7 on Cleveland Quarries from 25c. 17Hc. a share on the 7% prof, stock omitted. Pictures Corp.—Stock dividend of 2H% ordinarily payable April 1, on the no par common stock omitted. Commercial Credit Co.—Quar. div. on the common stock reduced from 25c. a share to 12Hc. a share. Community Water Service Co.—Quar. div. on the no par 1st pref. stock of $1.75 a share omitted. Consolidated Paper Co.—Quar. dividend on the common a share omitted. :y v.' ytv yy Continental stock of no share on $7 cumul. stock of 10c. Chicago Corp.—Quar. div. on the $3 cumul. conv. pref. reduced from 75c. a share to 50c. a share. par, Continental paid was Mortgage the class A common stock of 3-200ths of a share of class General Motors Corp.—Quar. div. on the common 50c. a sh. to 25c. a share. General share to 25c. a Guarantee Co.—Semi-annual div. of $2.40 a the capital stock omitted. Crane Co., Chicago.—Quar, div. of 1%% on the 7% cumul. pref. stock Hathaway Bakeries, Inc.—Quar. div. reduced from 75c. on Hercules Powder div. Co.—Quar. a share. pref. stock omitted. 'v rH '' Indiana Service Corp.—Dividend payments on pref. stock of $100 par suspended. Insuranshares Certificates, par common stock omitted. International Cement Power Securities Corp.—Semi-annual dividend on the the class A and stock omitted. ■ International Salt Co.—Quar. div. on the no par common from 75c. a share to 37He. a share. Jersey Mortgage & Title Guaranty Co.—Semi-annual dividend a share on the capital stock omitted. ■ : y::.r'y----Vy' Johansen Bros. Co.—Quar. div. of 25c. a share on the no par common Mills, Greenville, S. C.—Quar. ... div. of $2 a share on the capital stock omitted. (E. I.) du Pont de Nemours & Co.—Quar. div. on the common stock reduced from $1 a share to 75c. a share. Razor Co.—Quar. div. on the $4 cumul. prior pref- stock reduced from 50c. a share to 25c. a shar >. Empire Gas & Fuel Co.—Directors decided to suspend dividends on all series of preferred stock after the June 1 payment on these issues is made. Engineers Public Service Co.—Dividend on the common stock reduced from 35c. a sh. to 25c. A div. of 40c. a sh. was paid on this issue on Jan 2 Shoe Kimberly-Clark Corp.—Quar. div. on the no par common stock from 62Hc. a sh. to 25c. a share. Equitable Office Building Corp.—Quar. div. on the no par common stock reduced from 62He. a sh. to 37 He- a share. Equity Savings & Loan Co.—Semi-annual dividend of $6 a sharo on the capital stock omitted. Fanny Farmer Candy Shops, Inc.—Quar. div. of 25c. a share on the stock omitted. (Wm.) Filene's Sons Co.—Quar. div. on the no par common stock reduced share to 20c. a share. (George A.) Fuller Co.—Quar. divs. of $1.50 a share on the $6 cumul. partic. prior pref. stock and on the $6 cumul. partic. pref. stock both f omitted. reduced decreased from 40c. (S. S.) Kresge Co.—Quar. div. on the common stock sh. to 25c. a share. Lamson & Sessions Co.—Quar. div. of stock omitted. 1H% on the 7% cumul. pref. 'Vv':"v>, -:r • y v'-.' Co.—Quar. div. on the common stock of Landis Machine omitted. 50c. a share , Lane Bryant, Inc.—Dividend on the no par common Jan. 1 1932 a quar. div. of 25c. a sh. was paid. Leader Mercantile Corp.—Quar. div. stock omitted. y..' . stock omitted. of \%% on the 7% cumul. ' yy On pref. cumul. s. f. pref. stock omitted. conv. Lessing's, Inc.—Quar. div. on the capital stock reduced from 35c. a share to 25c. a share. 75c. reduced from Packing Co.—Quar. div. on the common stock Loudon sh. to 62Hc. a share. a Louisiana Oil Refining Corp.—Quar. pref. stock omitted. • Louisville & Nashville RR.—Dividend on the capital stock of omitted. cumul* div. of 1H% cm the 6H% On Feb. 10 1932 a dividend of 2% was $100 par paid on this issue. Manhattan Shirt Co.—Quar. div. of 15c. a share on the common stock omitted. Manischewitz & Co.—Quar. divs. on the no par common stock 62He. a sh. to 45c. a share. Alkali Works (Inc.).—Quar. div. on the no par common stock reduced from 50c. a share to 37He. a share. (B.) reduced from Mathieson the no par common May Oil Burner Corp.—Quar. div. of 10c. a sh. on McCall Corp., 62Hc. a Merchants Fire Assurance Co.—Quar. div. of cumul. stock reduced N. Y.—Quar. div. on the no par common sh. to 50c. a share. $1.75 a share on the 7% pref. stock omitted. Mergenthaler Linotype Co.—Quar. div. on the common from 75c. a sh. to 40c. a a Meteor Motor Car stock reduced share. Co.—Quar. div. on the common stock sh. to 25c. a share. Machine Mesta decreased from Co.—Quar. div. of 10c. a share on the no par capital . United Co.—Suspended dividend on the series A conv. pref. stock ordinarily payable on June 24. The Midland Utilities Co., a subsidiary.omitted the quar. divs. on the 7 and 6% cumul. prior lien and the 7 and 6% cumul. class A pref. stocks payable on July 6. Midland Midland —V. Utilities Co.—See Midland United Co. above, also Chronicle. 134, p. 3824. div. on the $3H div. no par conv* pref. stock reduced from 40c. a sh. to 15c. a share. Miller & Hart, Inc., Chicago.—Quar. Montgomery Ward & pref. stock omitted. Co.—Quar. div. of $1.75 a share on the $7 cumul. (John) Morrell & Co., Inc.—Quar. from 75c. a sh. to 50c. a share. div. on" the common stock reduced Munsingwear, Inc.—Quar. div. from 35c. a sh. to 25c. a share. the no par common stock Muskogee Co., on 50c. a $1.75 a stock share. Casualty Co., Detroit.—Quar. div. on the creased from 30c. a sh. to 10c. a share. National from reduced Phila.—Semi-annual div. on the no par common capital stock de¬ the 7% cumul. 1st pref. stock reduced sh. to $1 a share. % and 1 H % respectively, Industrial Bankers, Inc.—Annual dividend of the common stock omibted. National National Oxygen Co.—Quar. class A stock omitted. 50c. a share div. of 56Hc. a share on the $2.25 National Public Service Co.—Quar. divs. conv. pref. stock and $1.75 a sh. on the and 40e. a sh. on the class A common cumul. of 87Hc. a sh. on the $3H cum, 7% cumul. series A pref. stock, and class B common stocks all omitted. . National Standard Co. (Mich.).—Quar. div. on stock decreased from 50c. a sh. to 30c. a share. Neptune Meter Co.—Dividends o omitted. On Dec. 15 1931 a quar. the no par common the class A and class B common div. of 30c. a sh. was paid. stocks Central RR.—Dividend due at this time on the $100 par, capital stock, omitted. A dividend of 1% a share was paid on this issue New York on New Nov. 2 last. York Investors, cumul. 1st pref. Inc.—Semi-annual dividend of 3% a sh. to 20c. a on the 6% stock omitted. div. on the no par common stock reduced share. , Ohio Oil Co.—Quar. 1932. a of $1 cumul. pref. stock Co.—Quar. div. on the 7% reduced from 1 % % a share to 1 % a share. on , (S. R.) Dresser Mfg. Co.—Quar. div. on the no par class A partic. conv. stock reduced from 87He. a sh. to 75c. a share. The quar. div. of 50c. a sh. on tho class B stock was omitted. ^ ' from 25c. share. stock reduced $6 cumul. pref. stock reduced from $3 a share to $2 a par National Electric Power Co.—Quar. divs. of 1H on the 6% and 7% pref. stocks were omitted. Raynolds, Inc.—Quar. divs. of 15c. a share on class B common stocks omitted. common the no Inc.—Quar. div. of 7c. a share on stock omitted. common International no the cumul* the 7% and 6% Co.—Quar. div. of 50c. a share on the no par Devoe & Dictaphone Corp.—Quar. div. of 25c. a share on the no par common Durham-Duplex reduced from y': Importers & Exporters Insurance Co. of NewiYork.—Quar. div. on capital stock decreased from 50c. a share to 25c. a share. National Credit Co.—Quar. div. on , stock the capital stock omitted* the common stock on yy Crum & Forster Insurance Shares Corp.—Quar. divs. on the class A and class B common stocks reduced from 25c a sh. to 20c. a share. Dunean capital stock reduced the $3 cumul. class A sh. to 37He. a share, a share to 50c. omitted* the 6% pref. stock Hazeltine Corp.—Quar. div. of 12Hc. a share on reduced from 75c. a sh. to omitted. Crucible Steel Co. of America.—Quar. div. of 1M% on the 7% cumul. Duff-Norton Mfg. stock omitted. reduced share. a Harriman Investors Fund, Inc.—Quar. div. on the from $1 a share to 75c. a share, v a stock decreased from Railway Signal Co.—Quar. div. on the common stock from 75c. Gosnold Mills Corp.—Quar. div. of 1H % on 75c. A common this issue. on stock omitted. Colonial Finance Corp. (R. I.).—Quar. div. of Columbia On April 1 last a div. 50c. Co.—Quar. div. on the no par common stock reduced sh. to 10c. a share. a omitted. from sh. to 50c. a share. a share on the capital stock a stock omitted. sh. to $1 a share. from 75c. Empire Corp.—Quar. div. of 10c. from omitted. Legare Co., Ltd.—Quar. div. of 1H% a share on the 7% preferred stocks ordinarily payable May 16, have been rescinded. Divi¬ dends on these stocks are cumulative and must be paid before any dividends are disbursed on the common stock. Central General the common stock decreased « compares stock share on the no par common a General Gas & Electric Corp.—Guar. div. on a distribution of 3%% on this issue was made in 1931. ] Co.—Quar. div. of 25e. omitted. General Electric Co.—Quar. div. on 25c. a share to 10c. a snare. stock > Atlantic Coast Line Co.—Quar. div. on Gamewell from 25c. on the 7% cumul. pref. stock share. Co.—Quar. div. of $1 a share on the capital Oneida Community, Ltd.—Quar. div. decreased from 43He. a share to 25c. a Fire Insurance stock omitted, Pacific Patterson-Sargent Co., Cleveland.—Quar. div. on stock reduced from 50c. a sh. to 25c. a share. Publication Corp., New York.—Quar. creased from 80c. a sh. to 40c. a share. Purity Bakeries Corp.—Quar. div. on from 50c. a sh. to 25c. a share. the no par common div. on the common stockade- the no par common stock reduced Quissett Mill, New Bedford.—Quar. dlv. of $1 a share on the common of Stock reduced from 25c. Reliance a downward plunge and when liquidation is precipitated sh. to 15c. a share. Grain Co., Ltd.—Quar. div. on reduced from lH%ash.tolH%a share. on the 7% cumul. pref. Paper stock decreased from throwing over of stocks in large volume at any time, but steadily dribbling out day after day, and in the considerable buying—general conditions being to encourage buying either on speculative or investment account—prices kept drifting to lower and still lower levels. Possibly bear operations on occasions acceler¬ stock ordinarily payable at this time. Co.—Semi-annual stock dividend of 2% the on stocks kept common absence of any shares omitted. Scovill Mfg. Co.—Quar. div. 37He. a share. the capital stock reduced from 50c. on a share to a sh. to 25c. a share. detected vulnerable the 6% cumul. pref. stock omitted. sh. to 30c. company, 39.03 share. a a sh. to 25c. share. a a Stix, Baer & Fuller Co.—Quar. div. of 12 He. a share on the no par.com-. 'mon stock omitted. Stuyvesant Insurance Co., N. Y.—Quar. div. of 37HC- a sh. on the capital stock omitted. Sun Realty Co., Los Angeles.—Quar. div. on the 7% cumul. pref. stock of $1 par omitted. Sutherland Paper Co.—Quar. div* of 10c. a share the common stock on omitted. Swift & Co., Chicago.-—Quar. div. on the common stock reduced from 2% a share to 1% a share. 'Thirty-Nine Broadway, Inc., Y. N. preferred stock reduced from $3 City.—Semi-annual div. on the share to $1 a share. a Thompson Products, Inc.—Quar. div. of 1% % on the 7% cumul. pref. stock omitted. Timken Roller-Bearing Co.—Quar. div. from 50c. Todd a sh. to 37He. a share to 25c. Truscon Steel th9 common stock decreased share. a Shipyards Corp.—Quar. div. from 50c. on the on no par capital stock decreased share. a Co.—Quar. div. of $1.75 share a on the 7% cumul. pref. stock omitted. Two-Year Shares Corp.—Two-Year Trust Shares reduced from 60c » a sh. to 38c. a share; on the series B stock from 12c. a sh. to 3c. a share. Underwood-Elliott-Fisher Co.—Quar. div. reduced from 50c. a share to 25c. a share to 30c. div. on the no par common a share. Union Central Life Insurance Co., Cincinnati, O.—Semi-annual div. on the capital stock reduced from 60c. a sh. to 47He. a share. Union Pacific RR.—Quar. div. a share to 1H %. the common stock reduced from 2 H % on Union Tank Car Co.—Quar. div. on the no par common stock reduced from 40c. a sh. to 35c. share. a United Elastic Corp.—Quar. div. on the from 25c. a share to 10c. a 75c. sh. to 50c. a a on no par common stock reduced par common stock reduced from no share. , United Screw & Bolt Corp.—Quar. div. of 50c. a sh. on the $2 class A stock omitted. United Dairy Products Corp.—Quar. div. reduced from $1H ash. to 50c. a share. United ' States Power Corp. (Md.).—Quar. div. of $1.50 a sh. on the $6 series cumul. pref. stock omitted. Winding Co.—Quar. div. of l%% on the 7% cumul. pref. stock omitted. Ward Baking Corp.—Quar. div. on the 7% cumul. pref. stock decreased from $1.75 a sh. to $1 a share. Warner Co.—Quar. div. of $1.75 a share on the no par $7 cumul. 1st pref. stock omitted. Warner Bros. Pictures, Inc.—-Quar. div. of 96He. 1932 on the $3.85 cumul. pref. stock omitted. a share due June 1 Western Auto Supply Co.—Quar. div. on the class A and class B common stocks reduced from 50c. a sh. to 25c. a share. Western Real Estate Trust (Boston).—Semi-annual div. on the capital stock reduced from $5 a sh. to $4 a share. Westfield (Mass.) Mfg. Co.—Quar. div. of 25c. a share on the capital stock omitted. Westvaco Chlorine Products Corp.—Quar. div. on the no par common . stock decreased from 40c. Williard's a sh. to 25c. a share. Chocolates, Ltd.—The directors have declared dividend on the pref. stock at the new rate of 6H % Per annum pursuant to an agree¬ ment with the Blue Ribbon Corp., Ltd. Previously distributions at the rate of 8% per annum were made on this issue. Windsor Hotel, Ltd.—Quar. div. on the 6H % cumul. pref. stock reduced from $1.62H a sh. to 81Hc. a share. Zonite Products Corp.—Quar. div. on the $1 par common stock decreased from 25c. a share to 15c. a share. THE a OF with the close on points was no 50 of the weakness market during May, but, instead, the weakness in the stock was/intensi¬ fied, and further large declines in prices occurred on top of tlie prodigious losses previously sustained. New low records were established all around both for the year 1932 and the long-continued break in prices, the origin of which dates back to the time of the initial smash in October and November of the to the downward year 1929. movement There was little interruption during May. A few stocks rising tendency the first few days of the month; Otherwise the decline continued day after day with scarcely any letup of consequence, and with only an occasional rally, which never lasted long. There were repeatedjdays of severe breaks when startling declines took place and yet there showed a industrial stocks stocks industrials and railroads) on points since the compilations were begun, back in 1911. The "Times" also points out that at the low level on May 31 the decline during the three months of March. April and May. or. to be exact, since March 8 1932, in the index of 50 stocks, has amounted to 51%, and says that this is the largest per¬ (including both May 31 touched the lowest which have en¬ centage drop of any of the selling waves gulfed the stock market in the last two and one-half years. Previously, it is observed, the most severe break—that be¬ tween September November and "Times" The explain the severity writer 1929—had adds: "In the present decline, of amounted attempting to to brokers have remarked that the situation has been caused by a shortage of overwhelming number of sellers. buyers who have sought each slump of the past, lias not expanded buyers rather than by an In this decline the number of odd-lot bargains, much %he as on usual, it is pointed out. The brokers believe of the odd-lot buyers have been depleted by as resources previous investments." is to be bond market in noted was that as the bond market was low-priced issues. during May the weakness in the conspicuous stocks, and it should a feature as the weakness the depression in be added that not confined to the second grade or These experienced the severest declines, but the decline also extended to the high-priced issues, and that had some United been regarded until States Government recently as really giltissues, which during April had developed a strongly rising tendency, induced by the large-scale purchases of United States securities by the Federal Reserve banks, also began to shade off. In seek¬ ing for the causes of the general depression in security values, they are found in the numerous adverse features which have so long been hanging over the financial and industrial world, besides some new ones. In the first place there was a in trade and complete absence of any signs of improvement business, even the seasonal advance in many lines of trade being lacking. the Then the railroads, reflecting in trade, continued to make very returns of earnings, notwithstanding the slightly higher growing depression poor rates for the transportation of freight which they have been permitted to put in force by authority of the Inter-State Commerce Commission, and net earnings especially were disappointing in view of the 10% reduction in wages which deficit of union labor consented. Then the budget to the Federal Government kept steadily growing in magnitude, and the course of the tax bill intended to provide additional so THE STOCK MARKET DURING MAY, abatement for the 25 that the average out May 31 was the lowest since 1917, and that the average for the railway stocks and the composite average for the age There The 25 May 7 to 11.20 May 31, with the close 11.24 compared April 30 of 16.97, The New York "Times" on revenue COURSE April 30 of 49.35. while the 25 railroad stocks dropped from a high of 17.41 edged. States Elec. Universal « the class A stock on on high of 86.90 on May 6 to 66.09 May 31, with the close the latter day at 66.82 against 81.73 the close on April 30, It the close the on share. United Industrial Corp. (Viag.).—Div. of 5% for year 1931, compared with 7 % paid for 1930. The entire capital stock is owned by the German Government. ■- - as United Chemicals, Inc.—Quar. div. of 50c. a sh. on the $3 cumul. & partic. pref. stock omitted. United Fruit Co.—-Dividend against as 47.3%. Union Carbide & Carbon Corp.—Quar. stock decreased from 50c. the no par common stock on share. a notable on record, most industrial stocks included in these averages dropped from Standard Oil Co. of Nebraska.-—Quar. div. on the capital stock decreased from 50c. the among of the prodigious antecedent declines. piled by the New York "Times," there was a decline from 52.13 on May 7 as the high for the month to 38.64 on May 31 as the low, with the close on this final day of the month at which is controlled by the National Supply Co., deferred action on its 6% cumul. pref. stock divi¬ dend. On April 1 1932 a quar. div. of 1H % was paid on this issue. Standard Oil Co. of Kentucky.—Quar. div. on the capital stock reduced a anything In the case of the 50 stocks included in the averages com¬ stock omitted. from 40c. them in view especially share on the no par common a make to as so Southern Pacific Co.—Dividend on the capital stock of $100 par omitted. On Jan. 2 last a distribution of $1 a share was made on this issue. (A. G.) Spalding & Bros.—Quar. div. of 25c. never was cumulative losses for the month were of great size—so much stock omitted. Spang Chalfant & Co., Inc.—This but there Nevertheless, with market values falling day by day, the South Texas Cotton Oil Co.—Quar. div. of 25c. a share on the no par common points, that could be said to resemble any drives against the market. South Bay Consolidated Water Co., Inc.—Quar. div. of $1.50 a share on as ated the downward movement in instances where operators Silver Brook Anthracite Co.—Quar. div. of 75c. a share on the $3 cumul. conv. pref. stock omitted. '• such not Shepard-Niles Crane & Hoist Corp.—Quar. div. on the common stock reduced from 35c. speculative world deals a bad blow at either in its immediate operation or its exceeded a million shares a day, and there was no sudden or May 10 took no action on the dividend on on in the probable future results. Dealings were of only moderate volume, there having been only seven days during the month when the sales on the New York Stock Exchange reached 7% cumul. pref. stock omitted. year 1931 Ruberoid Co.—-Quar. div. on the no par common $1 a share to 50c. a share. of some event which reason the values security Royal Dutch (Petroleum) Co.—Final dividend of 6% for the as compared with 7% paid for the year 1930. Rutland RR.—The directors of estimation stock omitted. Rome Co., Inc.—Quar. div. of 1 % % on the extensive scale by an the 6H% cumul. pref. stock Reymer & Bros., Inc.—Quar. div. of 12Kc. a share on the no par common Scott periods of violent collapse such as mark the course Exchange values when the market takes a sudden were no stock omitted. Raybestos-Manhattan, Inc.—Quar. div. on the no par common stock ;• REVIEW MONTHLY 8 as to eliminate this deficit, through the Senate and did not was slow in its pass¬ emerge from that body until the night of the last day of the month, and then only as the result of urgent pressure on the part of President Hoover. Then the House of Representatives on May 2, by an overwhelming vote, passed what is known as the Goldsborough Bill, which directs the Federal Reserve au¬ thorities to as to use their control of credit and of currency so bring about the level of commodity values ruling be¬ tween 1921 and 1929. This measure was regarded with great distrust, not only in Europe, but in the United States as well. Besides this, all sorts of propositions involving expen¬ ditures running into billions of dollars, and requiring corre¬ spondingly large new issues of United States securities to provide means for assisting the army of needy persons and for engaging in gigantic projects intended to provide work 9 MONTHLY KEVIEW for the masses in business ousness of were unemployed and to inaugurate recovery being urged in Congress and persistency. with great strenu- These projects caused anxiety in Europe also viewed with great distrust the open market operations of the Federal Reserve banks in their large-scale purchases of United States Government securities, the Reserve banks having t'he previ¬ ous month embarked on the policy of buying an average of $100,000,000 of United States securities a week, after hav¬ ing previously been purchasing Government securities at the rate of about $25,000,000 a week. The result of all this was that there was once more a great flight from the dollar, foreign funds and foreign balances being withdrawn from the United States in enormous amounts, and there being likewise liquidation of foreign-owned investments and the transfer of the proceeds to Europe as a matter of precaution against the possibility of this country being forced off the gold standard. This gigantic outflow of gold came as a Europe as in the United States. sort of climax to all the other adverse features its various Washington seemed to be regarded of more immediate concern and United States Government securities displayed weakness due to the fear of further issues of United States bonds. As a matter of fact, the United States securities were under more or less pressure at this time, though the announcement given out with reference to the meeting of the Federal Reserve Gov¬ ernors on May 17 had somewhat of a steadying effect on Government bond issues for the time being, inasmuch as it though which had dead weight over the security market and over trade and business, and it certainly furnished occasion for anxiety as the shipments continued in progress reached an aggregate of no less than $235,600,000, including $22,100,000 added during the month to the earmarked stock of the metal held for foreign and, as noted elsewhere, account. days there was some in stocks, encouraging the hope in security values might be definitely in manifestation of steadiness that some recovery future, but this did not last long in adverse features noted above. Even in these early days of the month the railroad list was under constant pressure owing to the action of the Inter-State Commerce Commission at the close of April in imposing upon the St. Louis-San Francisco Railway a re¬ quirement that fixed charges must be reduced before the Commission would approve applications on the part of the road for further loans from the Reconstruction Finance Corporation. This acted as a depressing influence, not only upon railroad shares, but also upon railroad bonds especially the low-priced issues. Then a very despondent feeling kept growing up owing to the course of things at Washington in Congressional circles. A very bad impres¬ sion was created by the action of the House of Representa¬ tives on Monday, May 2, in passing the World War Widows' and Orphans' Bill, authorizing an expenditure of $100.000.090 (because so suggestive of improvidence at a time of financial embarrassment) over the next five years by the overwhelming vote of 316 to 16 after a debate of only 40 minutes. A still worse impression was created, as already noted, by the passage in the House on the same day of the Goldsborough Bill by a vote of 289 to 60. directing the Re¬ serve authorities to conduct their policy with a view to raising commodity prices to the level of the years 1021 to 1$29. As already stated, this last had the effect of creat¬ ing new apprehensions abroad regarding the ability of the United States to maintain gold payments and led, as the first result, to a sharp rise in the foreign exchanges at New York on the leading European centers, and also to new withdrawals of gold for European account. Dividend reduc¬ tions and omissions also played their part as in previous months in adding to the feeling of gloom and depression. One of these quite early in the month was that of the Gen¬ eral Motors Corp., which reduced its quarterly dividend on the common shares from 50c. a share to 25c. a share, after having three months previously reduced from 75c. a share prospect for the early view of the accumulating to 50c. a share. many adverse featurees enu-4 coming to the front. On May 12 and May 13 there was special weakness on Washington advices that President Hoover looked with favor upon the Senate proposition for relief loans to States and for a bond issue to stimulate employment. Severe recessions occurred in Government bonds on May 12 as a result, and the stock market moved Sharply downward under the same influence. A further depressing agency was a succession of adverse dividend announcements by some prominent railroads and other corporations. On May 11 the New York Central passed off the dividend list for the first time since the original consolidation of the various lines in New York State under the name of the New York Central & Hudson River RR. This was in 1870—62 years ago. The company had been The rest of the month the merated above kept steadily was relief program in under discussion in that open ties would be continued. unchanged, but this did not serve stock of that company, and exceptional weakness, with Atchison general 4s likewise suffering a sharp decline on the assumption that a small wheat movement was in prospect in Atchison territory owing to the damage to the growing dend of 2*4% on its stock prevent a sharp break in the Atchison shares also displayed to wheat crop in Kansas and other Southwestern States tra¬ Atchison System. Another depressing feature versed by the appeared on May 19 when the Atlantic Coast dividend on the common omitted its semi-annual Line IIR. stock, and appeared that Louisville & Nashville RR. had like¬ suspended dividend payments, to which might be added the further fact that on May 18 the Southern pacific it also wise definitely Co. beginning of May for a few unemployment market purchases of Government securi¬ On May 18 news came that the American Tel. & Tel. Co. had continued the quarterly divi¬ 'stated been hanging like a At the the phases which decided to omit dividend payments on its At the Feb. 17 meeting of the Board of Direc¬ tors of that company it had been decided to defer until May further consideration of a dividend payment, and it was now found that a dividend was wholly out of the question owing capital stock. other of traffic and revenue. Many and omissions too numerous to also announced at this time. shrinkage steady the to dividend reductions mention here were gold exports proceeded on a prodigious exercised a dampening influence on all the In the meantime scale and security markets. The latter part of the month the earn¬ statements of the railroads began to come in for the month of April, and with scarcely an exception they failed to show improvement over the very poor returns of previous months. Liquidation on a large scale now developed in the ings tobacco stocks, with Reynolds Tobacco, Liggett & Myers, Tobacco suffering severe declines. The New York traction stocks were also under pressure at this time, and other public utilities, including Consolidated Gas of New York, likewise moved sharply downward. Con¬ currently, many of the commercial markets took an unfavor¬ able turn, thereby adding to the prevailing gloom in the stock market. Thus, on Thursday, May 26, nearly all the commercial markets were weak, wheat prices dropping about 2c. a1 bushel, rubber breaking on heavy offerings of rubber from Singapore in the London market, with the result of establishing a new low record, both there and on the New York Rubber Exchange. The price of rubber on the Board declined to 2.70c. a pound, a drop of 13 points, and comparing with the previous low record of 2.75c. a pound. The cotton market also manifested weakness the latter part of the month, and this was accentuated as the result of news from Liverpool on May 26 that Hornby-Hemelryk & Co.. cotton and general produce brokers, and one of the oldest cotton firms in Liverpool, had announced its suspen¬ sion. On Saturday, May 2S, a new adverse feature developed in the news that dividends had been suspended after the close of business the day before on 10 issues of stock of companies included in the Cities Service System, one of the best-known public utilities in the country. The securi¬ ties of this system are/ dealt in on the New York Curb Ex¬ change, where the result was to cause a severe break in the prices of all the different issues, including bonds, as well as stocks, and this served as a further depressing influence on the New York Stock Exchange. The Stock Exchange was closed on Monday, May 30. On Tuesday, May 31. a further severe downward plunge occurred, in part on the news that the Bruening Ministry in Germany had handed in its resignation, this ministry having been regarded as a conservative force in Germany, especially as against the radical element like the Hitlerites, and in part likewise on the deadlock on the tax bill which appeared to have been reached in the United States Senate—a deadlock, however, Lorillard, and American succeeded in breaking by his action before the Senate and making a personal appeal, the outcome of which, however, was not known until after the Stock Exchange had closed for busi¬ paying quarterly dividends, but the previous Dec. 9 had ness. The result of the new plunge downward was to leave announced that until business conditions improved declara¬ stock prices on the closing day of May at the lowest level tions of dividends would be made semi-annually instead of of the month, and, in fact, at the lowest level of the long quarterly. The directors now found that dividend pay¬ ments were altogether out of the question. On May 12 the period of depression. As already indicated, trading on the Stock Exchange was Union Pacific RR. reduced its quarterly dividend from 2y2% of only moderate volume, reaching an aggregate of only to 1%%—that is, from a basis of 10% per annum to 6% pel23,136,913 shares. This was the smallest of any month since annum. There were numerous other dividend reductions October 1924. In May 1931 the sales totaled 46,659,525 and omissions, and the two named are mentioned simply because they stand out with especial prominence. On Mon¬ shares; in May 1930. 78.340.030 shares, and in May 1929, 91,283.550 shares. On the New York Curb Exchange the day, May 16, the news regarding the assassination of the transactions totaled 3.263.354 shares against 8.117.288 shares Japanese Premier was a depressing feature, and Japanese bonds and the Japanese yen suffered sharp recessions. After in May 1931: 22,763.240 shares in May 1930, and 35,954,099 shares in May 1929. As indicating the general drift down¬ an early slump, however, in the stock market on that day a ward in prices, survey of our tabulations shows that no less rally occurred later in the day, mainly, it was believed, owing to covering of outstanding short commitments. A than 828 shares established new low levels during the month for 1932 on the New York Stock Exchange, and 414 meeting of the Governors of the Federal Reserve banks oc¬ shares new low levels on the New York Curb Exchange. curred at Washington on May 17, and aroused some interest, which President in Hoover appearing personally 10 MONTHLY REVIEW VOLUME OF BUSINESS Monlli of May— ON Total bond sales United States Govt OF BUSINESS Month of May— 416,075,460 468,320,270 Erie ref & Imp 5s 1927— Ref & Imp 5s of 1930 ON THE 1931. 58,582,000 1,840,000 4,502,000 Government.. Total bond sales 3,087,000 87,804,000 117,127,915 Bond sales (par values— Domestic 37,250,000 166,378,149 $ 319,644,000 11,874,000 16,421,000 390,876,000 11,734,000 17,458,000 311,110,000 22,750,000 22,100,000 223,639,500 16,838,500 19,071,500 347,939,000 420,068,000 355,960,000 259,549,500 Foreign Government.. Foreign corporate —. the separate stocks are concerned, it follows from what has been said above regarding the decline in the general averages that many sharp downward plunges occurred, including stocks that have always ranked high; American Tel. & Tel., after rising from 97% May 1 to 102 May 7, dropped to 88 May 31; Allied Chemical & Dye, after rising from 52% at the opening on May 1, to 57% May 7, fell to 47% May 31; Auburn Automobile, after moving up from 34 May 1 to 39 May 6, tumbled to 28% May 16, with the close May 31 at 31%; United States Steel rose from 28% May 1 to 31% May 7, and sold down to 25% May 31; General Electric American Can Consolidated May 34% May May tumbled declined Gas of from from New 15 42 May 7 to 8% May 6 to York from 34% 52% May 31; May 31; May 7 36 to 31; Public Service of New Jersey from 45% May 6 to May 31; Brooklyn Union Gas from 74 May 6 to 55 31; People's Gas of Chicago, from 71% May 6 to 53% 31; North American from 25% May 6 to 14% May 26, with the close May 31 at 14%. The tobacco stocks were one features, and American Tobacco, after rising from 63% May 1 to 67% May 6, tumbled to 42% May 31; Reynolds Tobacco class B fell from 33 May 11 to 26% May 31; Liggett & Myers class B fell, from 50% May 11 to 34% May 31. Corn Products Refining, after rising from 32 May 1 to 36% May 11, declined to 26% May 31. American of the weak Stores dropped from 32% May 2 to 20 May 31; most of so The railroad list depressed all, though most of the rails had already declined much Atchison that there Topeka & was Santa little farther was for them to go. Fe dropped from 39 May 7 to 23% May 31; Delaware & Hudson from 60 May 7 to 42% May 31; New York Central from 17% May 2 to 9% May 28, with the close May 31 at 9%; Pennsylvania RR. from 11% May 2 to 7 May 31; New York New Haven & Hartford from 14% May 7 to 6 May 26, with the close May 31 at the same figure. Norfolk & Western dropped from 86 May 7 to 62% May 31; Union Pacific from 54% May 7 to 35% May 26, with the close May 31 35%; at Southern May 26 13 May 31 13% 18% 7 May 31 12% May 31 20% May 13 60% 42 42 47 % 45 56 32% May 31 60% May 52 May 56 May 15 11% Mar 20 1967 23 % 24 16% May 26 14% May 26 56 45 1963 a40 Pacific from 13% 1992 Con —1950 11 25 43 37% May 9% May Allegheny Corp coll tr 5s Collateral and 38% 15 9 8% 34% 15% 15 6 e45 3 25% e36% 3 033 13 7 6 45 2 34 11% 10 14% 38% 12% 8% 5s—1949 13% 7 May Foreign Power 5s...2030 Brooklyn Union Elev 1st 53.1950 28 % 20 May 072 64 May 72 Central Steel 1st 8s 1941 a83 % 68 May Dodge Bros equip conv 6s. 1940 May 1947 70 % a47 % 27 % 67 Internat Paper 5s ser A 83% May 71 May 50% May 12 29% May 7 conv Amer & Int Tel & Tel conv deb 4%s_1939 29% May 38% May 17% May Liggett & Myers Tobacco 7s. 1944 116 Paramount Fam Lasky 6s...1947 Warner Bros Pictures 6s____ 1939 32 15 16 H 10% May Foreign Bonds— Antloquia (Dept) 7s Argentine (Govt) 6s 2 115% 16% 2 10% May May 16% May 54 % 54 May 2 54 May 2 62% May 20 60 1956 — 2 56% May 19 20% May 5 4 May 3 5% May 2 55 49% 49 % .1959 May 3 37% May 31 39 44 -.1955 External loan 5s of 1927 External 4%s of 1928 5% a ...-.1962 Australia 5s of 1925 May 26 34% May 31 51 51 May Berlin (City) ext s f 6s .1958 Bolivia (Republic) ext'l 7s. .1969 External 8s 1947 20% Brazil external 8s 20 May 31 2 May 17 5% ...1957 15 3 1941 Brisbane (City) 5s—- 3% May 24 16 o38 o40 Chile (Republic) 6s.__.Sept 1961 External sinking fund 6s..1963 6% 6 21 58% May b8% 44% 43% May 44 44 May 3 May ■t. Queensland (State) ext'l 7s. .1941 8% May £ 4 165% 56 H .1947 4 65% May 55% May f5 37% 41 34% 60 16 2% 3% 17% 12 11 15 19 /40 19 36%. 5% 20 19 3% 9 c4 May 25 24 May 25 4 42% May 26 24% May 31 34% ales (State) 5s. 1957 External sinking fund 5S..1958 Peru (Republic) ext 6s. 1960 7 3% May 26 621 New South External 6s May 20% May 18 May 45 May 45 May 8 May 6% May 3% May 31 6 German International 5%s..l965 Minas Geraes (State) 6 %s~ 1958 3 36% May 26 36% May 31 4 May 27 05 % External sinking fund 6s.-I960 Colombia Mtge Bank 7s of '27 '47 German (Republic) 7s ...1949 May 14 15% 1957 ..1958 Sinking fund 5s Rio de Janeiro 17% 3 32 May 54 A—.1957 6%s of 1927 68 67 c39 1957 A...1945 ser External 5%s e64% 118 115% May 5 20 May 6 May 6 49% May 2 49% May 3 44 May 2 62% May 20 ser 6s of June 1925 58% May 2 35% May 3 11% May 20 58 May 20 57% May 27 4% May 27 78% May 25 64 May 24 44% 27 10% 54% 54% 4% e75 e61% (City) 8s 1946 10 7 May 25 12 May 12 Rio Grande do Sul 8s... 1946 10% 9 May 31 10% May 2 9 29 May 31 40 6 29 Uruguay (Republic) a May 3. <140 8s..__.1946 5 May 4. c d May 6. May 5. First Government Bonds. 18. e May May / May 27. 0 07 May 26. Last Range During May 1932. Sale Sale Lowest. May 2. Highest. May 31 First Liberty Loan— 3%s, 1932-1947. First 4s, 1932-1947. 10Dsl — 99% May 12 1012,2 May May 31 101"»May 2 100 s,2 101 9 100 1002»,2May 4 101273!May 2 10118,2 102"« 4%s, 1932-1947 Fourth Liberty Loan— 4%s of 1933-1938 Treasury 4%s, 1947-1952.. Treasury 4s, 1944-1964 Treasury 3%s, 1946-1956—.. Treasury 3%s, 1943-1947. 100 101",2 . First 1012%*May 26 102«,2May 101 is,»May 20 106 432 May 2 102 832 2 1022#32 106 %2 102=8,2 99 May 20 1022»J2May 10031,2 97 May 20 101 2 992»32 95=6,2 8910,2 97%2 9S2",2 95i2,2May 20 3 991,2 May 10 Treasury 3s, 1951-1955— 942,2 88i°!2May 31 947,2 May Treasury 3%s, 1940-1943...... Treasury 3%s, 1941-1943 Treasury 3%s, 1946-1949 9jS™«» 94 30,2May 20 May 2 7 9826?2 95432 May 20 99=52 May 10 9516,2 952 6,2 892632May 20 952*,2May 1 ,9028,2 — — May 99 THE MONEY MARKET DURING MAY There market was further intensification of a 96 1932.'■■ ease in the money in May, and a highly abnormal state of things developed during which rates for many classes of borrow¬ fell from 9% May May 16% 1944 6 May 14% May 26% May 45 May 16% May 13% May 13 gold exports which ; May 27 May 31 ..-.1978 4%s series A May 7 to 6% May 26, with the close May 31 at Great Northern preferred from 11% May 10 to 5% May 28, with the close May 31 at 5%; Canadian Pacific from 11% May 9 to 7% May 31. Even the local traction stocks moved sharply downward, and Brooklyn-Manhattan stock 7% 48 % &ref4%s_ 1967 May 28 25% May 31 34 May 19 Southern Ry gen 4s ser A—1956 Western Maryland 1st 4s 1952 Woolworth (F. W.) from 35 May 7 to 23% May 31; Sears, Roebuck & Co. from 19 May 11 to 14 May 31; Montgomery Ward & Co. from 7% May 6 to 3% May 31. Borden broke from 31 May 11 to 20% May 31. And these illustrations might be con¬ tinued almost indefinitely. 35 49 33 8% May 31 28% May 26 1975 General 4s series A 31,357,000 2,730,000 3,163,000 71,893,000 55,021,235 May May 24% 14% 46% 25% 25% 25 14 643 Pennsylvania RR deb 4%s..l970 St Louis-San Francisco— >:& $ 21,580,144 62 a45 4%s ser A.1949 4%s series E..1977 N Y Ont & West ref 4s 1 090 864,924,000 Jan. 1 to May 31— Stocksales—No.ofshares 48 May 31 May May May May May 56 May 40 May 52% May 45 May 26 May 14% May Kan City Sou ref & Imp 5s. .1950 Lehigh Valley (Pa) gen 4s...2003 35,954,099 64,405,000 4,117,000 3,371,000 May 28 al4% May 31 N YNH&H 1st $ 81,843,000 2,874,000 62 111 Cent C St L & N O 5s 1,066,595,200 22,763,240 35 49 47 % 23 % 1975 1932. Mo-Kan-Texas cum adj 5S..1967 Missouri Pacific gen 4s 1975 N Y Chic & St L 4%s ser C. .1978 753,515,000 259,150,150 53,930,050 1930. 8,117,288 Highest. Great Nor gen 4%s series E.1977 EXCHANGE. v-:: * 1947 C M St P & Pac 5s ser A $ 902,778,500 285,602,500 47,570,000 CURB Chesapeake Corp conv 5s Chi MIlw & St P gen 4s ser A. 1989 Chic & N W conv $ 1,149,128,650 1,235,951,000 $ Foreign corporate as C C C & St L 3,251,890 Domestic As far 226,877,450 1932. - Stocksales—No.ofshares Bond sales (par value)— Total bond sales. 220,432,200 759,752,000 316,203,600 73,173,050 Total bond sales.-.-..1,278,788,300 Foreign 171,705,500 46,203,500 8,968,450 $ Price May 31 Lowest. $ 273,349,666 639,446,300 305,795,500 333,546,500 State, munlc. & foreign 1932. 166,062,700 47,490,500 6,879,000 $ Range for May. May 2 (.Concluded). 238,708,000 153,717,978 Bond sales (par value)— Railroad & miscell—- Closing Price Railroad and Industrial Bonds 91,283,550 $ 161,647,000 62,823,100 14,237,900 261,621,400 Jan. 1 to May 31— Stock sales—No. of shares Opening 1929. 78,340,030 $ 114,961,000 59,851,000 86,809,400 United States Govt EXCHANGE. 1930. 46,659,625 $ State, munlc. & foreign STOCK 1931. 23,136,913 Bond sales (par value)— Railroad & miscell VOLUME THE 1932. > Stock sales—No. of shares ing sank to merely nominal figures. This wras in face of appalling because of their magni¬ all through the month and were tude. These exports continued at an accelerating pace. of the May 7 to 24% May 31, while the preferred fell from 66 May 6 to 45 May 31. As already observed, the bond market wras no less de¬ to below in our discussion reached pressed than the stock market, and the break in prices was Further not confined to the low-priced issues, but extended to the including those which had until re¬ cently been considered really gilt-edged. As an instance of the York, of course sterling exchange wTe give the details of Shipments and will say here only that the takings the gold unprecedented proportions, aggregating, according compilations of the Federal Reserve Bank of New less than no $235,000,000, this including $22,100,000 better class of issues, addition the money rates, in face of the would be inexplicable latter kind, we may mention that Atchison general 4s sold down from 85% May 2 to 74% May 31; on March 7 this issue sold at 91. United States Government bonds moved lower after in fact, of these issues lost almost the whole of some their advance of the also previous month— their gain of April. In the foreign list a feature was British Government 20-year 5%s, which advanced from 101% May 2 to 106% May 26, but closed May 31 at 103. In the following table we show the fluctuations during May in the different issues of United States obligations, and also in a large list of railroad and industrial bonds, and a considerable number, likewise, of foreign bond issues: Opening Price Railroad and Industrial Bonds. Atch Topeka & S Fe gen 4s.. 1995 Atl Coast Line 1st 85% 1932. Highest. 74% May 31 85% May 2 75 Reserve the decline in easy money policy, since under the pro¬ Glass-Steagall Act they involved the use of Government securities as part collateral for the security of Federal Reserve notes, a policy which was regarded abroad with distrust, and as a weakening feature, especially as concurrently with this the Goldsborough Bill instructing the , the years between Representatives by 1921 an and 1929 passed the House overwhelming majority. Not of only that, but propositions galore for extending aid of one kind c72 60% May 28 72 May 5 e60% 72 58 May 72 May 2 26% 57% 15 May 28 2 business 44 May 28 26% May 57% May 58% 15% 6 44 that Ches & Ohio ref & imp 4 %s B 1995 74% 62 May 27 74% May 3 /62 further banks' visions of 4s.-.1952 19 The policy of injecting large masses of Reserve credit into the country's banking system. Indeed, it may be said that the gold exports, in part at least, were the direct effect of the Baltimore & Ohio 1st gold 4s. 1948 Convertible 4 %s. 1960 Boston & Maine 1st 5s 1967 cons stock. prodigious outflow of the metal, except for the fact that the Federal Reserve banks adhered strictly to their large-scale purchases of United States Government securities as part of their in May 31 Lowest. earmarked a Price Range for May. • 1932. the Federal Reserve banks to conduct Reserve operations with view to restoring commodity values to the level prevailing Closing May 2 to or another tions in relief recovery, of unemployment and for promoting involving-expenditures of such magnitude they would require the issuing of Government obliga¬ running into billions of dollars, were under discussion MONTHLY in both branches of at the White even All were in modified form. this, it was held abroad, meant dangerous inflation and debasement of the currency, and, as a matter of European Central banks, which for precaution, long time had been a engaged in withdrawing their balances in this country, now began making withdrawals on a prodigious scale, the huge shipments being the inevitable outcome of the fright seems to have overcome the whole of Europe, leading gold which what to looked dollar, in clos¬ ing out their investments as well as their bank balances in this country. The Treasury bills which the United States Treasury put out week by Week found their way almost entirely into the portfolios of Federal Reserve banks them¬ selves in the carrying out of their policy of large-scale purchases of United States securities, these purchases con¬ tinuing at an average of $100,000,000 a week until the last week in the month, when there was some reduction in the volume of these purchases. In the eight weeks from April 6 to June 1, the Federal Reserve banks increased their hold¬ ings of United States securities from $885,014,000 to $1,575,200,000, and, roughly, $525,000,000 of this increase was in "certificates and bills," meaning certificates of indebtedness and Treasury bills of discount, the amount of which in¬ creased from $481,929,000 April 6 to $1,006,784,000 June 1. The process by which the United States Treasury bills in the end reached the portfolios of the Reserve Banks them¬ selves in the carrying out of the Reserve policy of largescale purchases of United States securities has been de¬ scribed under a separate heading in our discussion of United States Treasury Financing during the month, and, it is needful to say here only that these United States Treas¬ ury bills were finally disposed of on a basis where the rate of return to the purchasers reached the abnormally low7 figure of 0.29 of 1% per annum on a bank discount basis, the yield to the Reserve banks on a repurchase of the bills being even less than that figure, owTing to the profit on like veritable a flight from the investors and capitalists joining the central banks the transaction accruing to bills. The the original purchasers of the long and short of the matter is that the effect of the forcing out of Reserve credit, when there was abso¬ lutely no business, demand for it in the requirements of trade and was to cause an accumulation of excess reserves, mainly in the Federal Reserve District of New York, and in order to find employment for this excess of funds the funds invested wTere in short-term Government paper as The Reserve banks in turn pur¬ chased the bills at inordinately low rates of return in order a ready means at hand. to maintain the liquid character of their own assets. The congestion of funds at the financial centers, on the other hand, further weakened the money market until it was found almost impossible to place loans even at previously unheard of low7 figures. It may be assumed, too, that the abnormally low rates played no little part in expelling gold, though much of the gold shipped represented movements of the metal made irrespective of ordinary considerations, the primary object being to get the balances held here out of the country back home or to some place w7here the ques¬ tion of On that point it safety would not arise. noted that the Federal Reserve banks on June 1 may be reported $179,564,000 of acceptances held for foreign account against $297,735,000 April 27 and $335,312,000 April 6. This, it will be observed, is a reduction of nearly $156,000,000 in the eight weeks. only be noted that It should of United chases as result of the extensive pur¬ a States securities and the heavy gold ex¬ ports, the Federal Reserve banks found themselves obliged to avail of the authority given by the Glass-Steagall Act and United States Government obligations as part collateral for Federal Reserve notes. This was done for the first time use in the week ending May 11, States Government securities serve $97,300,000 of United pledged with Federal Re¬ when were agents as collateral for such notes and was followed by the f 11141101' pledging of $51,000,000 in the week ending May IS: $48,100,000 in the week ending May 25, and $66^900,000 in the week ending June 1, making the total amount so pledged 011 the latter day $263,300000. As the direct result of the-congestion of funds with the concurrently low interest rates prevailing, the New York Clearing House banks found themselves obliged on May 10 to give notice that, effective Friday, May 13, interest rates allowed by the Clearing House banks on the balances of depositors would be reduced by y2 of 1%. The new7 rates were % of 1% 011 demand deposits, except those of mutual savings banks, on which 1% is paid, and 1% on time de¬ posits. These are the same rates in force in the summer of 1931, which were the lowest 011 record. However, the actual return to depositors will be lower than at that time, because the Clearing House in the interval since then has put into effect a of that to regulation providing that deduction must be made portion of the deposits which the banks are required hold case as legal cash reserves. This reserve is 13% in the of deposits subject to call and 3% in the case of time Accordingly, under the deposits. tors receive and 97% interest only on on new arrangement deposi¬ 87% of their demand deposits their time deposits. In other words, the chant and the business man receives interest in bank on only 87% of the V2 of 1% he is entitled deposits and 97% of the 1% allowed v on on case mer¬ his balances per annum under the change in the Rates of interest being entertained course Congress and House, though of to which of the demand time deposits. 11 EEVIEW reduced. allowed The Informal rates erns 011 foreign deposits were also Committee Bankers which gov¬ of of interest banks on foreign paid by the leading deposits voted on May 12 to reduce all effective May 17. The new rates, which those in force the previous summer and up rates y2 of 1%, correspond with to Oct. 16 of that year, were fixed as follows: On demand deposits, except those of foreign central banks, y2 of 1%; on demand deposits of foreign central banks, 1%; on time deposits, 1^%. The call loan rate on the Stock Exchange again remained unchanged throughout the whole month at 2%%. Outside the Stock Exchange, however, loaning all through the month wras at important concessions from the official rates. In the first half of the month the outside rate generally was iy2@ 2%, while the last half of the month not over 1y2%, and 011 several days as low7 as 114%. Time loans continued in poor demand, and, in fact, there wras virtually no demand what¬ 1321869 10 At the beginning of the month the range was ever. for all dates, but the rest of the month the rate 1%@2% was nomi¬ nally 1 y2% for all dates. Prime commercial paper continued good demand and with the supply insufficient to meet in requirements. Quotations for choice names of 4 to 6 months maturity ruled at 3%@3y2% the first week of the month, then dropped to 2% @3%. For names less well known there decline from wras a Bank of New 3%@4% to 3y2%. York The Federal Reserve May 14 reported that leading com¬ mercial paper dealers showed a total of $107,800,000 of open market commercial paper outstanding on April 30 against $105,606,000 on March 31, $102,818,000 on Feb. 29, and $107.- 164352 902,000 1 on Rates 60 Days. .... .... 5 .... IX®2 1%@2 \X®2 1«@2 1H@2 12 13 \X®2 IX IX 6 9 Mixed Collateral. 90 Days. IX 1% @2 1H@2 1H@2 IX®2 1X@2 IX @2 1X®2 1X@2 IX @2 1X@2 Satur day Sun day IX IX IX IX IX IX IX IX IX IX Satur day IX ®2 1X@2 1X®2 1X@2 .... .... .... .... .... .... .... 15 .... 17 IX IX IX IX IX IX IX .... 14 .... 20 22 23 24 25 IX IX IX IX IX IX IX IX .... IX IX IX 6 Months. IX@2 \X®2 IX®2 1X@2 IX @2 1X@2 IX @2 IX @2 IX®2 IX®2 IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX U* . IX V Satur day Sun day .... IX IX .... ..i. IX .... .... IX IX IX IX IX IX IX IX IX IX IX .... 27 Months. 5 Months Sun day IX IX 26 30 4 Months. Sun day .... 10 60 Days. .... 2 11 on May 4 8 Jan. 31. DAILY RECORD OF TIME LOAN RATES. 3 7 on IX IX IX Satur day Sun day Holl day .... IX IX CALL LOANS ON Low. May 1932. 1 IX THE High. NEW YORK Renewal Sun day STOCK EXCHANGE. May 1932. Low. 2 2X 2X 2X 18 3_. 2X 2X 2X 19 4 2X 2X 2X 2X 2 X 2X 2X 2X 6lII""II" 7 2X Satur day 9 .... - ....... 2X 2X 2X 2X 2X 2X Satur day 2X 2X 2X 2X 2X 2X 2X 2X 2X Satur day 22 Sun day 2X 2X 2X 2X 2X 25 2X 2X 2X 2X 26 2X 2X 2X 27 2X 2 X 2X 28--.. Satur day Sun day 29---. 30 Sun day 2X 2X 2 X 2X 2X Renewal 24 2X 2X 2X 2X - 21 2X 23 Sun day 8-~— 20 High. 2X 2X 2X 17 Holi day 31-. 2X 2X 2X 2X i 2X There were two changes in the rates for bankers' accept¬ May. On May 5 rates were % of 1% on all maturities in both the bid and during the month of ances marked up the asked columns, but on May 11 they were reduced again % of 1% on all maturities in the bid and asked columns The bill buying rate of the New York Reserve Bank alike. the first week of May remained at 2y2% on maturities to 320 days, and at 3% on maturities of 121 to 180 days, but then was marked down to 2%% for running from all maturities. one A further contraction occurred during May volume of acceptances held by the Federal in the banks both on their own account and for account Reserve of their On their own account the holdings fell from $45,874,000 April 27 to $35,479,000 June 1, while the holdings of acceptances for foreign banks fell from $297,foreign correspondents. 735,000 April 27 to $179,564,000 June 1. Figures made pub¬ lic on May 18 by the American Acceptance Council indi¬ cated ances a continuance of the decline in the volume of accept¬ A portion of this reduction, it was outstanding. stated, might be ascribed to seasonal influences, but there was undoubtedly a growing tendency towards lower accept¬ particularly by New York City banks, said Bean, Executive Secretary of the Council. The total outstanding decreased $32,251,844 during the month of ance totals, Robert H. April, leaving the amount April 30 at $879,038,870, at which figure comparison was with $1,422,021,675 on the corre¬ sponding date in 1931. The "Monthly Review" of the New York Federal Reserve Bank makes the following observa- 12 monthly review tions bearing upon the during the month: of the acceptance market course ,■>: ■ .. "The discount market for bankers' acceptances was quiet April 27, but thereafter fell from $3,014,- the three weeks to 534,000 April 27 to $2,751,067,000 June 1. This necessitated resort to the privileges of the Glass-Steagall Act, and as a United States Government securities for the throughout May. Early in the month a falling off in foreign slight increase In dealers' port¬ folios, and the dealers raised their rates by *4% from the low level of %% for 9(*-day unindorsed bills established in the latter part of April. The higher rates were maintained by the dealers only from May 5 to May 10, however, as their portfolios declined again within this period and the deposit rates of the New York Clearing House banks were reduced by V2%, effective May 13. Notwithstanding the lack of consequence demand for bills caused a first reinvestment demand for foreign account because of the low May IS, $48,100,000 in the week ending May 25, and $66,900,000 in the week ending June 1, making the total so used on June 1 $263,300,000. However, notwithstanding the heavy losses of gold the reserves of the Federal Reserve System remained far in excess of legal requirements. The ratio of total reserves to deposit and Federal Reserve note liabilities combined declined from 67.9% April 27 to 61.4% yields obtainable, few bills found their way into the discount market, due to the surplus funds which the New York City accepting and discounting banks had available for em¬ ployment. At the of April the group of accepting banks and report their outstandings to the American Acceptance Council held $455,000,000 of bills, an increase of $78;000,000 during the month. As the volume of bills bankers end that outstanding declined $32,000,000 during April to $879,000,000, the proportion of bills held by the accepting banks rose from 41 to 52%, or nearly as high a ratio as was reached last summer. Practically no bills have been offered to the Reserve banks recently, and in view of the low level of Federal Reserve holdings of bills for their own account and the decline in foreign correspondents' holdings, it appears likely that the proportion of outstanding bills held by the accepting banks increased substantially further during May." PRIME BANKERS ACCEPTANCES. time since the 60% of the having to consist of the legal cash reserves required under the Reserve Act. In the week ending May 11 $97,300,000 of Government securi¬ ties were thus used, $51,000,000 more in the week ending to Government securities to the extent of use of the notes, the other 40% value face 1, but the legal reserve against Reserve notes is only 40%, and against deposit liabilities but 35%. As against the large acquisitions of United States Govern¬ ment securities, there was a partial offset in a decrease in the holdings of acceptances, which declined from $45,874,000 April 27 to $35,479,000 June 1, and a decrease in the discount holdings, which fell from $531,824,000 April 27 to $494,601,000 June 1. The final result was that the total of the bill and security holdings, and which constitutes a measure June of the volume of Reserve credit notes in circulation Secured by 30 Days 60 Days 90 Days 120 Days 150 Days 180 Days Accept'ces Bid & ast Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask but the amount on June 1 2____ 1 5 0 - l — - 1 4 - 1 3 - 1 A A 1 A 1 A 1 A 1H-1H A A A 1H-1X - 7 Sunday A 1 A 1 l - - A IA-IA Saturday lJi-lH — 1H-1A lVs-lA 1%-lK 1%-lH W-1X IA-IH 1H-1A 1%-lA m-iH 1H-1A 1H-1A 1^-1^ 1H-1A Sunday 9 11 1A-1 1A-1 1A-1 IH-l 1A-1X A 1 8- 10— — 1X-1A 1A-1A l A l A 1 A 1H-1H l A — — — - 12 1 - 13 l - - A A 14 15 16 1 17-- ~A 1 1 A - - A l 18 1 - A 1 - 19-... 1 - Vs l - A 20 i - A l - A A A - 21 22 23— i - l - 1 - 26_ 1 - 27 l - 1 - 24 25 _• 1 - l - 1 A A A A - l 1 - A l - 1 - A 1 - 1A-IH IA-IH 1A-1 A A Saturday Sunday 1 A 1 A 1 A 1 A 1 A Saturday Sunday - IA-IH IA-IH lA-l lA-l lA-l lA-l - - - IA-1X 1 - 1 - 1 - - - 1A-1A lA-l H 1H-1H lA-l A 1H-1H 1A-1H IVs-VA 1 30 1H-1X 1M-1 - - IA-IA iVs-lA lA-l lA-l A 29 31 1 A - A 1H-IA 1H-1A A A A 28 lA-l A A A 1A-1A IA-IH 1A-1A IA-IH 1H-1H 1A-1 IA-IH IA-1X lA~l A 1 A Saturday Sunday Holiday 1 A RATES FOR MONEY AT NEW $2,526,572,000 on April 27, and with $1,583,574,000 on June 3 1931. Foreign bank deposits with the Federal Reserve banks fell from $49,598,000 April 27 to $40,706,000 on May 25, but increased to $74,035,000 June 1, and the amount of accept¬ ances held by the Reserve banks for foreign central banks declined from $297,735,000 April 27 to $179,564,000 June 1. As for brokers' loans, these, as previously explained, are so it small to 1A-1A 1A-1A YORK. May 14. May 21. Four months Five months Six months _ l%@2 1%@2 IH®2 IH@2 lh@2 IH®2 Commercial PaperDouble and single names— Prime 4 to 5 months 1A 1A 1A 1A 1A COURSE 1A 1A 1A 1A 1A 1A 1A 1A 1A @3 2H® 3 3A 2A 1A 3A OF THE FEDERAL BANKS—BROKERS' There were many RESERVE AND MEMBER LOANS. features in the Federal Reserve state¬ ments which attracted wide attention. The continuance of large-scale purchasing of United States Government securi¬ ties was of was one down of the these, the large gold exports with a drawing gold reserves of the Federal Reserve banks another, and the combined effect of the two in obliging the Federal Reserve banks to avail of the privilege granted by the Glass-Steagall Act in authorizing the use of United States Government securities as part collateral for securing Federal Reserve notes was a third point of interest. As already indicated elsewhere, the total holdings of Govern¬ ment securities by the 12 Reserve institutions after having increased from $885,014,000 April 6 to $1,191,232,000 April 27 further increased to $1,575,200,000 June 1. The bulk of the increase was in the holdings of "certificates and bills," which, after rising from $481,92©,0i00 April 6 to $749,386,000 April 27, further Increased to $1,006,784,000 June 1. There were moderate purchases also of United States Gov¬ ernment bonds and of United States Treasury notes. The $318,690,000 April 0 to $340.399,000 April 27, and then to $396,794,000 June 1. while the holdings of Treasury notes rose first from $84,395,00(0 April 6 to $95,447,000 April 27, and then to $171,622,000 June 1. Gold reserves showed relatively little change in first mentioned item rose from to EXCHANGE DURING MAY. prevent any sharp advance not only in but in leading European centers. conditions of a seasonal character at this time of the year, but reported a considerable demand for exchange normal sterling bankers also exchange on London from the Far East, Oceanica and South America, as well in the as in the United States and Canada. foreign exchange market during May sale of dollar exchange in Europe. The feature was the wide There was apparently renewed "flight from the dollar," and a marked disinclina¬ tion of foreign funds to stay in the United States owing to a tlie large-scale purchases of United States Government by the Federal Reserve banks, and also owing to fears that radical legislation proposed in Congress securities nervous RETURNS May 25 at $409,000,006 York• market ordinary IA 1A OF STERLING measures New The 1A 3H@S A 2H@3 ZA 3% @4 Good 4 to 6 months on Following the break in the pound sterling during April the course of sterling exchange during May was relatively steady, but with the trend towards higher levels the rising tendency, however, being held in check, according to the belief in financial circles, by operations of the Bank of England and the British Treasury. On many occasions dur¬ ing the month the pound sterling was in demand in New York and in many other parts of the world, and it was the belief that the British Treasury and the Bank of England favors ___ Suffice further reduction in the total members May 31 reported at $300,397,222 against $379,010,062 April 30; $533,103,059 March 31; $524,663,758 Feb. 29, and still larger totals at previous dates. took May 28. Stock Exchange— Ninety days a of these loans with the amount 1A-1A Range lor week (mixed and indus. collat.) 2A@2A 2K@2H 2^@2>* 2A@2A Week's average (mixed and indus. collat.) 2 A 2A 2A 2A Time Loans (mixed and Indus, collateral)— Thirty days Sixty days they are of little consequence. that there was against $495,000,000 on April 27. The monthly figures com¬ piled by the Stock Exchange itself also showed further con¬ traction with the total of the borrowing by Stock Exchange the on that now say 1H-IX Week Ended- May 7. Call Loans changed irregularly from week to week, 1, at $2,504,399,000, compared with XH-IH lA-l IA-1X 1A-1H 1A-1H 1A-1A IA-1A lA-l No change whatever occurred during the month of May in the rediscount rates of any of the Federal Reserve banks. THE outstanding, increased from $1,773,745,000 April 27 to $2,110,424,000 June 1, at which figure comparison was with only $907,016,000 12 months before, on June 3 1931. The amount of Federal Reserve Call Loans May the Federal Reserve establishment of were used as part collateral for the security of Federal Reserve notes, the Reserve banks having authority System would lead to unwarranted credit and currency expansion, might force the country off tlie gold standard. This fear evidently lay at the bottom of the large gold exports— exports of huge proportions which constitute the conspicu¬ ous feature in foreign exchange affairs during the month, as noted further below; export shipments from New York aggregated no less than $235,600,000, including $22,100,000 and addition to earmarked stock count of London. j $5,900,000 was taken for ac¬ High officials in banking circles tried to reassure European investors that the American dollar was absolutely safe, but without having much effect in checkinggold withdrawals. paper accounts, Such statements, according to news¬ made in official quarters in England, were Holland, Belgium, France, Italy and Spain. The flight from the dollar was not reflected so much in sterling quotations as in those of French francs, Dutch guilders, Swiss francs and Belgian belgas. Doubtless sterling would have reflected prevailing apprehensions more strongly but for official in¬ tervention by the London authorities, who were apparently determined that rates for sterling should not be permitted, at On least for the time numerous mand have for was any sharp advances. a strong de¬ evidence of sterling in many centers, soared except London authorities. plished being, to make occasions there for and quotations might intervention on the part , of the Whether this intervention directly through London bankers or was accom¬ through sup- MONTHLY 7 porting operations by banking authorities in other centers was not known, and not deemed of any great consequence the.directing action as Despite frequent ties in Europe, funds to come believed to was from London, come by leading banking authori¬ assurances a marked disinclination on the part to the United States or to remain tinued throughout London's the month. of foreign here con¬ position was of May 12 further reduced its discount rate from own deemed secure, as is evident from the fact that the Bank England on 3% to 2*4%, making the fourth reduction in the Bank of England rate since Feb. 18. Open market discount rates in London likewise reflected well over supplies as discounts 31 for a feeling of great security as loanable bills short 1%@2% against of in funds. London market Open 1% were May on 30, and 1 1/16% for three bills against 2@2 1/16% on April 30. Gold continued months on April to reach the London market from other Asiatic South Africa, India and countries, and the major portion of this is 13 REVIEW the continental and other Continental exchanges during May infliimce of the fear which led to the the exchanges. foreign The were all under renewed calling home of foreign balances in this country and likewise the closing out of many foreign investments here, and which eventuated in a gold export movement from the United State? of phenomenal proportions, to which repeated reference ha: already been made. At the same time a condition of great in the ease further European reductions announced in money markets prevailed, leading to discount in in rates addition" to those previous months. Reference Las already been made to the reduction on May 12 in tlie discount rate of the Bank of England from 3% to 2%%. The Bank of Ire¬ land at the of Italy same time reduced from 4% to 3%%. The Bank May 2 cut its discount rate from 6% to 5%, and on on May 5 the Bank of Lithuania reduced from 7%% to 7%. On May 13 the National Bank of Sweden lowered its rate 5% to 4%%, effective May 17, and on this last-men¬ day the Bank of Bulgaria reduced its rate from from believed to have been taken for account of the British Treas¬ tioned ury through the Exchange Equalization Account authorized British Parliament in April, in which month the of the Exchequer received authority to borrow £150,000,000 for that purpose. 9%% to 8%%, and by National Bank of Norway the Chancellor The outstanding event in sterling exchange during1 May perhaps the purchase, on Saturday, May 14, of £2,012,665 bar gold by the Bank of England, its first big purchase was of of gold since abandonment of the gold standard Sept. 21 1031. This was not open market gold, and London bullion dealers professed ignorance of its source, but suggested that the had been accepted metal by the Treasury on on exchange Later the Bank of England bought £1,234.477 of accounts. May 25 to 8%, while on on May 19 the reduced from 5% to 4%%, and May 28 the National Bank of Denmark scaled down its on rate, from 5% to 4%, the lower figure becoming effective May 31. On reduced from May 20 the 7% to 6%. French francs were Central Reserve exceptionally firm, owing to the flight of funds from the dollar. continued to draw down its the in for form export Bank of very Peru largely The Bank of France foreign balances in this country gold, and its gold takings at New York of exceptional dimensions, the shipments of were for the month to France having reached no less than $59,Utterances in French bank¬ gold bars in the London open market, and still later acquired other consignments of the metal. According to press dis¬ 600,000, May 25, Major Walter Elliott, Financial Secre¬ tary of the Treasury, announced in the House of Commons inflation that Great Britain had cording to dispatches to the New York "Times," on Monday. May 9, two articles on the dollar, which the dispatch stated were evidently inspired by the officials of the French Treas¬ ury and the Bank of France, attracted much attention in patches, on no intention of returning to the gold standard "while gold prices behave as they are doing now." Mr. Elliott's statement was made in response to persistent demands by members of the Commons for a specific promise not to tion permit external events such policy standard. to precipitate The Bank as the United States refla¬ hasty return to the gold of England statement for the week a too ending May 4 showed a loss of £16,492 in gold; ending May 11 thqre was a gain in amount of the week ending May 18 a gain of £2,037,605; ending May 25 a gain of £2,238,605, and in the June 1 a gain of £3,580,620. transfers Cable for the week week ending were being 4%%. Canadian exchange discount, and on May 23 this discount was as much as 13%@13%%; on May 31 the discount was 12@12%% against 10 7/16@10%% discount on May 2. Repeated references have been made above to the huge outflow of gold from the United States, inspired by the fear that the country might be driven off the gold standard, as a severe result of Federal Reserve operations in the large-scale pur¬ chases of United States Government securities and the numerous additional schemes finding favor in Congress for the issue of amounts of United States obligations. In the following statement, the New York taken from the "Monthly Review" of Federal Reserve Bank for June 1, the full details of the gold movement are indicated: /:%-■ "A considerable reduction in the monetary gold stock of the States United occurred during May, totaling $216,- 000,000, the largest gold loss since last October. A major part of the movement reflected a transfer abroad of central bank which had been employed in the New York market, carrying further the tendency for central funds money banks instead money to concentrate of keeping markets. United States their reserves in their own vaults substantial part invested in foreign On May 25 the monetary gold stock of the a $4,207,000,000, which is about the same as the average level in 1928 and 1929, although since the autumn of 1929 the volume of foreign short-term funds in was New York money market has been reduced by about two-thirds, and foreign investments in American securities have been substantially reduced. "Exports, which totaled $213,500,000, consisted chiefly the of shipments of $59,600,000 to France, $70,500,000 to Hoiland, $55,100,000 to Switzerland, $19,000,000 to Belgium. $5,900,000 to England, and $3,400,000 to Germany. A sizable part of the gold exported during the month represented the shipment of gold released from earmark, but as there were additional amounts set aside the total volume of gold held under earmark for foreign account on May 31 showed a nel $22,100,000 for the month. "As a partial offset to the losses of gold through export's and earmarlrings. there was a total of $14,600,000 of golf imported, of which $4,500,000 came from Canada, $1,000,000 from Peru, $500,000 from Newfoundland, and $800,000 from increase of Mexico through New York; and $3,700,000 from China. $2,400,000 from Japan, and $800,000 from Australia through ►San Francisco." i in "Le Temps" and the other in "Le Both expressed faith in the stability of the dollar, coupled with criticism of the Federal Reserve's policy as tending toward inflation. Reserve "The purchase by the of Treasury bonds," said an editorial in Debats," "has resulted in weakness of the des dollar, and that the three months futures a One appeared Federal declining tend¬ 3.65%@3.66%, but the rest of the month, and particularly in the closing days, the trend was slowly upward. Owing to the steady transfer from dollars into sterling, rates for sterling futures ruled at a sharp premium at the close of May, this premium continued at Paris. Journal des Debats." the "Journal half of the month the sterling rate showed a for strongly condemnatory of the so-called which they seemed to think were being pursued by British and American banking authorities. Ac¬ were policies in the week on and on May 14 cable transfers circles ing £24,717; for London, May 31, ranged at 3.68% @ 3.70% against 3.65%@3.66% on Monday, May 2. The first ency, as noted further above. was the subject of telephone conferences of Reserve Board with the prin¬ directors of the Federal cipal European banks of issue, as well as the question of of the policy of credit expan¬ Temps" the rise in the British pound early in the previous week, which showed that dollars were being sold against pounds, was stopped by the intervention the international application sion." According to "Le in the market in Paris by the Bank of France, which bought dollars heavily. Generally speaking, according to the New York "Times" dispatch, what the Treasury and the Bank of France officials expressed in the inspired articles was simply cial for reflection of the two great pillars of French finan¬ a philosophy, the fear of inflation and profound respect gold metal.. Cable transfers on Paris touched 3.95 3/16% year. The rate May 31 on May 28. a high figure for the new was 3.94%(a May 2. The Bank of France in its return for the week ending May 6 showed a gain in gold holdings of 477.750.198 francs; for the week" ending May 13 there was a further increase of 311,660,240 francs: 3.95 against 3.94%@3.94% as on for the week ending May 20 an increase of 255.474.930 francs, and for the weejt ending May 27 an increase of 563.268,563 francs. The German mark fluctuated rather inclined to move lower at exchanges showed a erratically and was time when the other Continental rising tendency, and the last week of developed decided weakness, and especially on the closing day, May 31, probably because Chancellor Bruening had the day before handed in his resig¬ the month nation and the a mark of that his entire cabinet Ilindenburg at the instance of the latter. on to President von Cable transfers Berlin, after moving up from 23.76 May 2 to 23.90 Mav 11. hovering around the latter figures for several days, and dropped to 23.65 May 27. and on May 31 showed a range of 23.62%@23.68. The pressing problem in Germany appeared to be that of transfer foreign exchange. or the ability to obtain the necessary German authority stated that there were few cases of German long-term loans abroad on which in¬ being earned, and that there would terest charges were not be difficulty no foreign were payments made in marks instead of During the1 first four months of the calendar year the German export surplus was not sufficient to meet all the devisen requirements, and the Bank of Ger¬ currency. many was marks in however, compelled to pay out approximately 170 000.000 gold and foreign exchange. During that period, requirements were unusually large because con¬ siderable amounts of the foreign debt falling due under tlie standstill agreement we're repaid. In the gold outflow from this .country Germany did not fail to were and participate—there repeated small shipments from this side'to Germany, aggregate of the shipments to Germany for the the month was $3,400,000. Much mystery appeared to surround as mark exchange was practically nominal and quoted rates did not touch the gold export point for shipments of the metal from New York. these shipments inasmuch 14 MONTHLY REVIEW Berlin dispatches, May 4, reported that the Bank of Germany that the $90,000,000 Central bank credit which matured on June 4, and in which the Federal Reserve banks, the Bank of England, and France had informed the Bank of and the remainder in London and in Athens. fers The exchanges the Bank for International were of Settlements, each for one-quarter participants, had been extended for another period of three months. The other three partici¬ pants joined in the extension, though the Bank of France insisted of were the amortization of 20% of the debt. on The Bank its return for the first quarter of May, recorded a loss of 7,724,000 marks, but for the second quarter showed an increase of 374,000 marks, and for the third Germany, in quarter an increase of 4,800,000 marks, with 0,437,000 marks further increase in note circulation of the fourth quarter of the month. the Bank of Germany decreased The 137,- funds such ^ balances and this country, in francs and Dutch withdrawn from this country ; $55,100,000 gold shipped during (lie month to Switzerland, and $70,500,000 to Holland. And cable transfers oh Switzerland on May 31 were quoted at a range of 19.58%@19.61 against 19.41% @19.43% May 2, while cable transfers on Holland were 40.56@40.59 May 31 against 40.50% @40.53 on May 2. of the gold was Swiss francs both here quarter. tion of security holdings. An Austrian transfer moratorium was foreshadow^ in a by the Vienna Government to the League of Nations and made public about the middle of the month, but on was at the end of the month postponed awaiting action the part of the League of Nations. The action wbuld be tantamount to suspension of service on most external on all of them. Asserting that the bankruptcy while the great Powers debated the political possibilities of a Danubian Union, the a loans, and perhaps country was facing note stated that further months cannot be allowed to elapse without the beginning of a program corresponding to the and Which led to large outflow of gold from the United States. Swiss guilders were especially strong, and both countries doubtless furnished a haven of refuge for much a The note addressed , the countries neutral during the war all strong under the influence of the large withdrawals on 192,000 marks in the first quarter, 67,919,000 marks in the quarter, and 183,671,000 marks in the third quarter, but with an expansion of 221,288,000 marks in the final second Gable trans¬ quoted at 0.63@0.70 May 31 against were 0.78@0.82 on May 2. of the amount, Greece on orders for said to be due to the transfers of private and abroad were individual accounts liquida¬ The funds were sent to Switzer¬ either from the closing out of deposit accounts or the land despite the fact that Swiss banks pay no interest on foreign accounts in order to discourage the influx. Such funds simply seek safety. The Scandinavian currencies manifested also a rising tendency, and this was true even as regards Sweden, not¬ withstanding the losses suffered through the Kreuger & Toll disaster in which Swedish interests were so largely involved. Kreuger & Toll, the parent company of the vast interests which were headed by the late Ivar Kreuger, filed a petition in The Italian Treasury conversion operation, which asked for one billion lire, and for which a total of four billion was on May 24 and applied for annulment of provisional moratorium granted to it by the Swedish Government. The Swedish Investigating Committee, in a report issued May 20, recommended that the concern be declared bankrupt. The report revealed that Ivar Kreuger, the so-called "match king," who committed suicide in Paris on March 12 1932, died practically penniless and owing $168,300,000. Associated Press accounts from Stockholm. May 4, stated that Ivar Kreugetr had been summoned while in the United States to appear before representative of subscribed, urgent needs of Austria. that the The note concluded with a plea League and its Financial Commission offer counsel in this dilemma. The Austrian schilling, however, for ex¬ change did not show any fluctuations of importance. Italian exchange was slightly easier, and cable transfers on Italy, May 31, were 5.13^ @5.14% against 5.15% @5.16% on May 2. bankruptcy the encouraging in demonstrating the National Bank of Sweden and banks in Berlin on March an abundance of liquid funds and the public confidence in Government finances. The Greek Government failed to 15, when he committed suicide in Paris on March 12, the remit funds to pay the May 1 coupon of the Greek Govern¬ ment 40-year 1% secured sinking fund gold bonds (refugee censured loan Swedish was of 1924). of which about regarded as This loan amounted to about $60,000,000, $6,000,000 was placed in the United States Banking Committee of the Riksdag reported. The report the management of the National Bank, the Riksbank, for the crown credits enormous for cable transfers against 18.34@18.40 on May 2. granted Kreuger. The 18.99@19.10 May 31 was The Danish crown for cable RATES OF EXCHANGE ON CONTINENTAL CENTRES. Paris Swiss Amsterdam Francs Francs Guilders Bankers' Bankers' Checks cables Checks 3.93%o.94«,« 3.94%a3.94% 3.94%a3.94% 3.947,«a3.94% 3.94»i603.95 5 3.94%a3.94% 3.94%a3.94% 6 3.94%a.94",« 3.94%a.94»,e 7 3.94#i#fl ,9413is 3.94"i60.94% 3 3.94%a .9413ie 4 8 SUN DAY 19.56%a.58% 19.56%al9.58 19.56%a.58% 19.56%ol9.60 13 3.947,«a3.94% 3.94%a .9413,6 19.57fll9.59 19.57%a.59% 14 3.94%a3.94% .9411,60 .9413,6 19.57ol9.60% 19.57%al9.61 SUN DAY .94% : 40.50o40.54 14.03%ol4.05 14.04al4.05% 40.51a40.55 14.04al4.05% 14.04%a.06% 40.50o40.53% 40.53%a40.56 14.03%o.06% 14.04al4.07 40.49%o.52% 40.52a40.55 14.04% a.05% 14.05al4.06 21 15 0.15% 40.50040.55 40.53o40.58 15 40.53040.56 40.55%a40.60 14.03al4.04% 14.03%al4.05 15 a.15% fl.15% SUN DAY SUN DAY 14.03ol4.04% 14.03%al4.05 SUN DAY SUN DAY 29 SUN DAY 30 SUN DAY HOLI DAY .63%a.70 a.67% SUN DAY Cables 2 .02 3 a.66 .62% a.66 .63 .63 .63%o.70 a.66 HOLI DAY .63 .62%a.66 a.13% 5.13%a.l4% Cables Checks Cables SUN DAY Checks Cables SUN DAY al8, .55 018.64 18.56 018 65 75o23.77 23.76a23.79 018 .57 018.51 18.45 018 .60 018.64 18.57%al8 65 018.67 18.61 al8 68 77%a.80 23.78023.82 78023.81 23.79 %a.82 018.69 18.61 %al8 70 al8.78 18.69 %al8 79 018.79 18.75 018 80 78a23.80 23.79%0.81 79a23.81 23.80a23.82 020.15 18.47 020.16 18.65 018.54 17.47%al8, 018.74 18.65%al8 .61 020.15 20.09 7 .04 O20.14 20.05 O20.15 18.80 018.89 18.81 .74 al8, .69 SUN DAY SUN DAY O20.15 18.86 018.97 18.87 al8 .73 O20.19 20.11 %a20.20 18.99 O20.15 18.60 019.04 19.00 al9 .75 018.84 18.61 018 .59 9 .09 10 .11 11 .06 12 .07 O20.14 20.08 O20.15 18.61 13 .99 O20.04 20.00 14 ,96%a20.04 19.97 018 O20.05 18.63%al8.69 17.64 018.74 18.65%al8 O20.05 18.65 018.72 18.61 %al8 SUN DAY SUN DAY 018.79 18.73 %al8 80 al8 80 018.74 18.60 018 75 7.92 07.91% 07.94% 7.94 07.96 07.94% 7.94 7.94%a7.95% 7.95 7.96 7.95%a7.97 018 65 ,85a23.88 23.86a23.90 ,87a23.89 23.88023.90 O20.10 18.61 018.64 18.62 018 .33 O20.15 18.65 018.74 18.66 al8 ,33 018.44 18.34 ol8 ,45 O20.15 18.69 018.74 18.70 018 .37 018.45 18.38 al8 ,46 O20.14 20.06 %a20.15 18.76%al8.89 18.77 al8 .35 .38 .04 O20.09 20.04 %a20.10 18.87%al8.91 18.88 SUN DAY SUN DAY al8 .34 al8.44 18.35 %ol8 .45 018.39 18.35 al8 .40 SUN DAY 23 .05 O20.09 20.06 018.86 18.80 al8 .36 018.40 18.36 %al8 .41 24 .07 al8.88 18.81 %fll8 .34 018.40 18.35 25 .34 018.39 18.35 .09 O20.09 20.07 %o20.10 18.81 020.14 20.09 %a20.15 18.84 26 .09 O20.14 20.10 O20.15 18.95 018.99 18.96 al9 .34 27 .09 O20.14 20.10 O20.15 18.86 018.95 18.87 al8 .33 al8 .40 018.41 18.34 %al8 .42 018.39 18.33%al8 .40 28 .09 a 20.30 O20.31 18.89 019.24 18.90 al9 ,40 018.64 18.41 018 .41 al8 .55 ,86% a.89 23.87023.90 SUN DAY ,86%o.89 23.87%a.90 ,87a23.88 23.87% 0.89 .86%o,88 23.87023.89 84% 0.88 23.85% 0.89 .82a.83% 23.83a.85% SUN DAY .72o23.81 23.73023.83 .65a.70% 23.670.72% .66o23.72 23.67a23.73 a7.95% a7.96 07.97% HUN DAY SUN DAY 53018.64 % 18.54 018.50 18.43 %al8 51 018 .45 ,31%al8.44 18.32 SUN DAY o7.90% 7.88 7.93 ,97al4.14% 13.97%al4.15 8.01 ,96ol4.14% 13.96%al4.15 8.03 O20.09 20.00 20.10 95al4.14% 13.95 %al4.15 96al4.14% 13.96 %ol4.15 95014.14% 13.95%ol4.15 ,95al4.14% 13.95%al4.15 ,95is14.143i 13.96 05%a20.14 20.06 04 O20.14 20.05 018.89 18.84%al8 o7,94 7.93%o7.95 95al4.14 % 13.95%al4.15 7.87 95al4.14% 13.95%al4.15 7.91 83a23.86 23.84023.88 .43 Cables SUN DAY 81a23.85 23.82a23.87 018.49 18.38%al8 ,50 018.36 18.34 al8 37 O20.10 18.79 Checks Cables SUN DAY 84a23.88 23.85a23.90 85o23.89 23.86023.90 al8 .99 Checks Spanish 018.79 18.76 018.84 18.72 17 78a23.81 23.80023.82 SUN DAY O20.10 18.71 O20.09 20.01 a.70 Pesetas O20.16 18.44 .00 a.73 SUN DAY Bankers' 020.14 20.07 21 .63 Bankers' .08 22 ,63%a.70 .63%a.70 Schillings .06 .06 .63%a.70 a.66 Bankers' 5 20 a.66 Reichsmarks 6 15 a.70 .63 .63 5.13%a.l4% 5.13%a.l3% 5.13%a.l4% 5.13%a.l4 5.14 a.14% .64 Kroner O20.15 20.09 16 a.70 SUN DAY .63%a.66 5.14 %a.14% Bankers' SUN DAY O20.14 20.07 a.70 .64 Vienna O20.09 20.02 %a20.10 18.33%ol8.39 18.34 O20.10 18.36 %al8.44 18.37 O20.14 20.10 a.70 ,62%a.70 Berlin Checks SUN DAY a. 70 .66 .64 .63% a.66 .63 a.66 Norway .02%a20.09 20.03 8 a. 70 .66 ,63%o.66 Kroner SUN DAY 08 13 .63 .62% a.66% .65%o.67 .65%a.67 HOLI DAY 13.98%al4.01 13.99al4.01% a.70 .66%o.70 ,66%a.70 .66%o.70 a.67 .66 SUN DAY HOLI DAY 40.56a40.59 .65 o.67 .66 a.15% 5.15%a.l5% a.15% 5.15%0.15% 14%o.l5% 5.14%a.l5% 5.14%o.l5% 14%o.l5 14 a.14% 5.14%o.l4% 14 a.14% 5.14%a.l4% SUN DAY a.70 .64%a.67 a.66% .66 Bankers' Bankers' 4 40.53a40.57 Sweden Kroner Checks 14.00ol4.03% 14.00%o.03% 14.02% a.03% 40.54a40.56% 14.02al4.03 14.01%a.02% 40.53%a.56% 14.01ol4.02 40.56%a40.60 14.01 %a.02% 14.02ol4.03 a.70 .65%a.70 .63 15 13%o.l4% 13%o.l3% 13 a.13% 13%o.l4% 13%o.l3% 13%o.l4 .64 .64 a.66% SUN DAY 40.54a40.58 HOLI DAY 19.58al9.60% 19.58%al9.61 Denmark 18 .65 5.15%a.l6% 5.15%a.l6% 5.15%a.l6 5.15%a.l5% 5.15%o.l5% 5.15%a.l5% 15 SUN DAY 40.51 %a40.56 14.01%a.02% 14.02al4.03 40.47a40.50 14.01al4.01% 14.01 %fl.01% SUN DAY HOLI DAY .94",6a .94»i« 3.94%a3.95 1 SUN DAY 19.54ol9.58% 19.55al9.58% 40.48a40.52 40.45a40.48 19.53al9.55% 19.54ol9.56 19.57ol9.61 19.58019.61% 40.50a40.57 19.57%a,58% 19.58ol9.59 40.50%a40.56 19.57al9.59 19,57%a.59% 40.51a40.56 19.58al9.61 19.58%a.61% 40.52 %a.59% a.80 SUN DAY . ' 3.94%o3.94% 3.94%a .9413,6 24 3.949ua .9413ie 3.9411,60.94% 25 3.94%o3.951ie 3.94%a3.95% 26 3.94%a3.95 3.94%a3.95% 27 3.94%a .9416ie 3.94%o3.95 28 3.94%o3.95% 3.94%o3.953,6 a.82 .71 .69%a.80 .63%o.75 .63%a.67 SUN DAY SUN DAY 3.94%a .9413,6 19.57al9.58% 19.57%al9.59 40.52o40.56% 40.55a40.57 23 19 15%o.l5% I4,04al4.05% 14.04%al4.06 14.03 %a.05% 14.03al4.05 3.94»,6a3.94% 3.9411,6.94% 19.57%al9.59 19.58ol9.59% 40.49%a40.57 40.53a40.58 14.02al4.03% 14.02%ol4.04 3.948i8o3.94M 3.94%a3.94% 19.58019.58% 19.58%fll9.59 40.49a40.52% 40.52o40.53% 14.01 %a.02% 14.02ol4.03 22 31 15%0.16 15%o.l6 .78 .77%a.79 .70%a.78 .69 a.71% ,63%a.69 .63%c.65 15 SUN DAY 17 3.94%a3.94% 3.94%o .9413,6 19.57ol9.58% 19.57%al9.59 40.55o40.58 40.57o40.59% 14.02% a.03% 14.03ol4.04 18 3.94%a.94»,6 3.94%a3.94% 19.57%a.58% 19.58al9.59 40.54%A40.58 40.57a40.59 14.01 %al4.03 14.02al4.03% 19 3.94#i60 .94«16 3.94%a3.94% 19.57%fl.58% 19.58ol9.59 40.54%a40.58 40.57o40.58% 14.02al4.03% 14.02%al4.04 20 0.16% 5.15%a.l6% 0.16 5.15%a.l6% 0.16% 5.15%a.l6% 15 a.16% 5.15%a.l6% 5.16 15%o.l6 a.16% 15 fl.16% 5.15%a.l6% 15 40.53a40.57 40.49040.54 SUN DAY 15 14.01 %al4.05 14.03al4.05 Cables Checks SUN DAY SUN DAY SUN DAY Bankers, Cables Checks Cables 19.41 %o.43% 40.48o40.52 19.46019.48% 19.46%fll9.49 40.54o40.60 19.48ol9.62 19.48%a.62% 40.57o40.62% 40.61a40.63% 14.01al4.04% 19.56al9.60% 19.57fll9.61 40.56a40.60 40.60a40.62 14.02%a.04% 19.54%ol9.60 19.55al9.60% 40.50o40.58 40.54a40.61 14.03al4.04% 19.55al9.56% 19.56 019.57 40.50o40.55 14.03al4.05 40.54a40.57 3.947i6a .94»,« 3.94»,603.94% 19.56ol9.58 10 3.94%a3.94% 3.94%a3.94% 19.56019.57% 11 3.947ieo3.94M .9411,60.9413,6 19.56al9.58* 12 3.94%a3.94% 3.94 %o .94^3,6 19.56ol9.59% 16 3.94»x«o Checks SUN DAY 40.50%a40.53 13.99%al4.01 14.00al4.02 40.57a40.61 14.01 %a.03% 14.02 o 14.04 > 9 15 Cables SUN DAY 19.41ol9.43 SUN DAY Drachma Bankers' Bankers' Checks SUN DAY SUN DAY Greek Lira Belga Bankers' Cables Italian Antwerp 014.15 7.97 a7.99% 7.98%o8.00 o8.02 8.01%o8.02% 8.04 O8.07 ,97ol4.14% 13.97%al4.15 8.09%a8.12 ,96al4.14% 13.97%al4.15 8.12%a8.15 08.17 ,96al4.14% 13.96%c14.15 8.15 SUN DAY SUN 014.15 8.17 08.18 ,97»»l4.14is 13.98 . ,96al4.14% 13.96%al4.15 8.14 .95014.14% 13.95%al4.15 8.17 14.02 014.15 8.22 ,01al4.14 08.16 8.10 o8.07% 08.12% 8.13%o8.15% 8.16 08.18 DAY 8.17%o8.18% 8.14%o8.17 aSJ20 08.19% 8.18 08.25% 08.24% 8.24 .97ol4.14% 13.97%al4.15 8.23%a8.26% 8.24%a2.27% 8.23 08.24 08.23 .96014.14% 13.96%ol4.15 8.22 SUN DAY 13.95%al4.15 8.18 .67023.71 23.68o23.73 .95al4.14% ,951j 14.14L .96014.14% .95014.14% .64o23.67 23.65o23.69 .68o23.74 23.70a23.75 .963214.14»2 13.97ol4.15 13.96 014.15 8.22 13.96%al4.15 8.23 SUN DAY 08.23% 08.23 8.19 08.25% 08.24% 8.23 08.26% 8.24 13.95%al4.15 8.24 08.25% 8.25 8.23 .96014.14% 13.96%a14.15 8.22%o8.24 8.23 08.26 8.24 29 SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY HOLI DAY HOLI DAY HOLI DAY HOLI DAY HOLI DAY 08.26% 08.25 08.27 SUN DAY 30 08.27 % HOLI DAY 31 20.14 O20.24 20.15 020.25 18.98 019.09 18.99 al9.10 18.46 018.54 18.47 018 55 23 .62a23.66 23.62 %o.68 13 .94al4.14% 13.94%al4.15 8.23%a8.26% > \ ' ' ' '■ 18.24 o8.27 « pees on Bombay were 27.55@28.35 May 31 in comparison with 27.25@27.63 on May 2. Silver in London, after rising from 16 11/16 pence May 2 to 17 5/16 pence May 17, dropped transfers, after selling below 20.00 on May 14, was quoted 20.15@20.25 May 31 against 20.023/2 @20.10 on May 2. The Norwegian crown, however, after an advance the early part of the month, showed a declining tendency the latter part. As against 18.56@18.65 May 2, the range fo# the Norwegian crown May 31 was 18.47@18.55 on May 31. The high point for the month was 18.75@18.80 May 7, and the low point 18.32@18.45 May 14. Spanish pesetas continued their upward movement, and the rate for cable transfers on Spain May 31 was 8.24@8.27 against 7.88@7.91 YzThis was taken as indicating growing confidence in the at Spanish Republic. Exchange on South American countries showed to 16% pence May 21, and was 16 15/16 pence May 31. wwtotiwtswNW M O 50 00 N OS © ! ' ' the Central Bank ©ffiffi©©© Government change. The would for against 32.47@32.62 low as on undertake checks OS CO CO CO CO CO i i i i i i i i i i i i i i i i i < i i i i i i OS OS OS OS OS OS •Of "0 00 00 OS 00 i OS A OS OS 01 OS ©©©•*W-J OS OS OS OS OS OS *4 OS OS *4 OS ut n ft a CO CO CO CO CO CO a a ft X £ fi B B fi ft B CO CO CO CO CO CO oo oo OS OS OS OS OS OS **4 CO *>4 *"4 © OS & XXXXXX 05 05 Ch o a oi ^ o> xxxx CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO OS OS OS OS OS OS x OS OS OS OS OS OS Oi Cn OS "4-4 00 ft ft ft ft ft PS CO CO CO COCO CO <1 OS -4 -4 OS Ot xxxxx xx ft ft ft ft ft ft CO CO CO CO CO CO ft ft ft ft ft ft co co co co co co OS OS OS OS OS OS OS ©-4-4 00 00 *4 CO -4 -4 © © x xxxx CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO ©©©©©© "O "4 00 00 *4 "4 Oi O 05 0> O ©© © ©© © OOSSOlCn Cn ©(p.OS©«4*4 xxxxx X XXX XX ft ft ft ft ft ft CO CO CO CO CO CO ft ft ft ft ft ft CO CO CO CO CO CO -4 © © © © © ©'©OS OS OS OS •4 "4 "4 OO © "4 to CO CO CO 00-4 X X eo~ XX XX X CO CO CO CO CO CO col ©©©©©© ©©©©©© \M V- \M ft ft ft ft ft CO CO CO CO CO ©©©©©© ©©•4 *4 "4 00 l)iit in the 1 ft ft ft ft ft ft CO CO CO CO CO CO ©©©©©© •4 00*4©©© §. X CO CO CO CO CO X XXX Co..':./." CO CO CO CO CO CO \M XX X XXX X COCO COCO COCO CO CO CO CO CO CO Peru ^ffiGOoo-^-^-^aJOiGQcnCnCncn^^GStf^COrfk.cncnCnGGcntffc.cncnrt^W^ x2Sx xxxgxxxxxxgxxxxxxgxx xxy RM2an?sanft2ftftftssa»H»ft»ORRqftftftOftft;-l 0 O CO CO CO CO CO CO □ CO CO CO CO CO CO Q CO CO CO CO CO CO O CO CO CO CO CO CO O !>► ^ <1 OS OS OS © © ^ *» OS OS OS OS OS ^ © OS OS © OS OS ^ © '© OS *© ® OS ^ CO *BC 6a OS 001JS^M©0000*4©S^®©'4*4©©S<I^I^©©®©SiC©*4©©<^I^SS X* XXX XXXXXX XX XXXXXX CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 0> Ci C> O Os G> 0 0)0)0)0)0) 0)0)0 0)0)0) xxxx X WWWWWW © © OS © © © if* CO CO if* CO CO 00 cD05S0 01 \M \W \W V \J- \>- X xxxxxx xxxxx ft ft ft ft ft ft COCOCOCOCOCO ft ft ft ft ft ft COCOCOCOCOCO ft a a ft ft a co co cow co co ft C& Cn Oi Oi H1-4 00 **4 Oi Oi ©©©©©© ©©©©Ifk© ©©©©©© tf»> w©©©© © © © © © OS XXXXXs xxxxxx "XX-XX 00\ 00\ Q0N00N XX ft CO ft ft ft ft ft wwwwww II • O 00 X of foreign ex¬ 32.10@32.50 May 31 On May 16 the yen sold control o, w WWWWWW WWwwww WWWWWW OS ©©©©©© 00 *4 "4 00 -4 © ©©©©OS© ©©©©*.© © OS OS OS © OS «4 X XXX a a 31.10@31.35. XXX X WWWWWW w *4 © Ox 4*. cn Cn ^ rf*- xxxxxx ft ft ft ft ft a WWWWWW © if* © © © "4 X xxxxx; xxx Oi Oi Ci Oi Oi Oi X X ©©©©©© © © © © M 00 CO 00 *4 "4 xx x WWWWWW ft ft ft ft ft ft WWWWWW ft ft ft ft ft ft WWWWWW ft ft ft ft xxxxxx OCX 00 \ 00\ 00\ 0o\ WW©©©© XX XXX 5? fig ©©©©©© ©•4©®©© XX WN XXX OON Oo\ 00\ <W WWWWWW WWWWWW WWWWWW '-4 © © © © © ©©©©©© ©©©©©© ©©©©©© 00 30.67@31*4 May 31 against 30.14@30.63 May 2, meantime had sold at 31.26@31.88 May 12. Ru¬ "ft © © if* it* it* w © was O £§ xxxxxx CO CO ft . ©©©©©© O O OS O Cfr Ci M^IQOQOOQO xxxxxx © ft 3 xxx xxxx 00 May i i CO CO CO CO CO CO CO ® CO CO 00 00 sold up from checks i CO CO CO CO CO CO xxxxxx xxxxx •4 OS OS OS OS OS X The Hongkong dollar for checks 23.12@23 11/16 May 2 to 24.00@24.44 May 12, while the price of silver was rising, but then dropped to 23.28@23 13/16 May 23, as the price of silver slumped; the close May 31 was at 23.56@23 15/16. The Shanghai tael for as £ xxxx was May 2. ■ ftoBSBa CO CO CO CO CO CO ft r ft a a WWWWWW that yen ■ i OS OS OS OS OS OS MMSMOiOl » the fiduciary note issues of the Bank of Japan were to be heavily increased and also that the i i XXX CO CO CO CO CO CO same time independently weak. The Japanese Premier was murdered by an assassin on Sunday, May 15, which necessi¬ tated a change in political control, but even before this reports i i OS OS OS OS OS OS CO 00 00 00 "4 -4 buy gold in any form and foreign drafts, but inde¬ pendently of the gold backing of the sol. The sol for checks May 31 was quoted at 22.25@25.00 against 28.00 on May 2. The exchanges on the Far East were weak on the decline in the price of silver, while the Japanese yen was at the were l < fiftfiasifi xxxxxx may there i i <0 00 00 00 *0*0 changes of i i CO CO CO CO CO CO Nf OS 01 OS OS OS IO SO CO CO 00 —I no enrfkWtOMocooo^awiihWMM i i CO gold standard" and upon the approval of the Finance Min¬ measure i xxxxxx an new I 00 restore the operations of the gold standard when "the Board of Directors believed the time has come to re-establish the the I R relieving the central bank of its obligation to exchange notes In other words, Peru suspended gold payments. The Bank was authorized to Under < x for gold under the "Keminerer law." ister. i CO CO CO CO CO CO © Brazilian milreis improvement in the general con¬ dition of the country; cable transfers on Brazil were quoted at 7.25@7.59 May 31 against 6.71@7.95 May 2, and the Peruvian sol suffered a sharp drop on the announcement on May 17 that the Peruvian Congress had approved a bill on W to MO CO 00 MO i ' W of any great consequence except that the developed strength 15 REVIEW MONTHLY to 00 *4 CO "4 *4 ©©-4-4©© lf*lf.©©*4"4 ©©©OS©© X XX XXXX X XX x XX X WWWWWW ft ft f» to xxxx § RATES OF EXCHANGE ON OTHER CENTRES. Czecho¬ Canada slovakia Bucharest Dollar May Kroner Lei Checks Checks Checks Polish Checks Lei Cables Finish Bulgaria Dinar Checks 1. 2. Serbia Hungary Pengo ziotv Checks ; Checks Brazil Argentina Markka Milreis Peso Cables Checks Checks Cables SUNDAY (llsct. 3. 10% a\0ht% 10H a\0X% 2.96%a2.96% dlsct. 2.96%a2.96% .59%a.60% ll.18all.25 17.40 .59%a.60% ll.18all.25 17.40 •4. 107i« alO%% disct. .59% a.60% .59% a.60% .59%a.60% .59% a.60% 2.96%a2.96% 10% alO«u% dlsct. 2.96%a2.96% 10»,«al0%% disct. 2.96%a2.96% 10%% discount 2.96%a2.96% 5. o. 7. al7 1.77%al.79 .71% a.73 al7 1.77%al.79 1.77%al.79 1.77%al .79 1.77%al .79 l.77%al .79 ll.18all.25 17.36 %al7 ll.18all.25 17.36 %al7 ll.18all.25 17.40 ll.18all.25 17.40 al7 al7 s .71%a.73 ,71%a.73 .71%a.73 .71%a.73 .71%a.73 1.71 %al .76% 25.19a25.75 25.25a25.80 6.70 1.72 al.76% 25.19a25.75 25.25a25.80 6.77 a7.90 6.71 a7.95 a6.95 6.78 a7.00 1.72 al.77 25.19a25.75 25.25a25.80 6.81 a7.25 6.82 a7.30 1.72 al.77 25.19a25.75 25.25a25.80 6.82 1.72 al .77 a7.03 6.83 a7.05 25.19a25.75 25.25a25.80 6.81 a7.07 6.82 a7.09 1.72% al.76% 25.19a25.75 25.25a25.80 6.84 a7.14 6.85 a7.16 al.78% 25.19a25.75 25.25a25.80 6.90 al.76% 25.19a25.75 25.25a25.80 6.95 a7.15 6.91 a7.17 SUNDAY !> 10% alOH% 10 11 1 I 11 % all% alO%% disct 1 ! ri"i«alO%% 13 11X alOht% ll'u alO% % 14 disct. 2.96%a2.96% disct. 2.96Ha2.96% 2.96%<z2.96% disct 2.96%a2.96% disct. 2.96%a2.96% dlsct. 2.96%a2.96% .59% a.60% ll.18all.25 17.40 al7. .59% a.60% .59%a.60% .59%a.60% .59%a.60% ll.18all.25 17.40 al7, 1.77%al .79 .71 %a.73 1.77%al.79 .71%a.73 ll.18all.25 17.40 al7. 1.77%al .79 .7l%a.73 ll.18all.25 17.40 al7 ll.18all.25 17.40 al7 .59% a.60 ll.18all.25 17.40 al7 1.77%al .79 .71 %a.73 1.77% al.79 ,71%a.73 1.77%al.79 .7l%a.73 IV 1.73 a7.25 6.96 07.28 1.71 %al.76% 25.19a25.75 25.25a25.80 7.05 1.70% al.76% 25.l9a25.78 25.25a25.80 7.10 a7.31 7.06 a7.33 al.76% 25.19a25.78 25.25a25.80 7.18 al.76% 25.19a25.75 25.25a25.80 7.20 a7.35 7.19 a7.37 a7.35 7.21 al .37 a7.39 1.73 1.70 1.71 a7.35 a7.33 7.11 SUNDAY 16. 11 17 11 % % discount 2.96%a2.96% 11% all%% disct. 2.96%a2.96% 15 10 all % discount 2.96%a2.96% 11% % discount 20 13 % al3% 2.96%a2.97 12%al2%% 21 disct 2.96%a2.97% discount 2.96Ha2.97 .59% a.60% .59% a.60% .59%a.60% .59% a.60% 25.19a25.75 25.25a25.80 7.20 a7.37 7.21 25.19a25.75 25.25a25.80 7.20 a7.39 7.21 a7.41 25.19a25.75 25.25a25.80 7.20 a7.40 7.25 a7.42 25.19a25.75 25.25a25.80 7.20 a7.45 7.25 a7.46 ll.l6all.25 17.40 al7 1.77%al .79 .71%a.73 a.73 1.77%al.79 .72 ll.16all.25 17.40 al7 1.77%al.79 .71%a.73 1.71 al.76% 1.70 al.76% 1.71%al .76% 1.70 al.76% 1.70%al .76% 25.19a25.75 25.25a25.80 7.20 a7.45 7.25 a7.47 ll.17all.25 17.40 al7 1.77%al .79 .71 %a.73 1.70%al.76% 25.19a25.75 25.25a25.80 7.20 a7.45 7.25 a7.47 1.71%al.76% 25.19a25.75 25.25a25.80 7.20 1.71 al.76% 25.19a25.75 25.25a25.80 7.20 ,59%a.60% ll.18all.25 17.40 .59% a.60% ll.16all.25 17.40 ll.18all.25 17.40 .73 al7 1.77%al .79 .71 al7 1.77%al .70 .71%a.73 al7, 21 a SUNDAY 23. 13»^i al3 H% disct. 13%al2%% disct. 12%al2%% disct. 12 all % % disct 12% al2% discount 11%% discount 21 25 26 27 28 2.96%a2.97 2.96%a2.97 2.96%a2.97 2.96%a2.97 2.96%a2.97% 2.96%a2.97% .59% a.60% ll.17all.25 17.40 ,59%a.60% ll.18all.25 17.40 al7 11.18a11.25 17.40 al7 .59%a.60% .59%a.60% .59%a.60% ,59%a.60% al7 ll.17all.25 17.40 al7. ll.17all.25 17.40 al7 ll.17all.25 17.40 ol7. .71% a.73 .71%a.73 .71%a.73 .71%a.73 i.77%ol.79 .71%a.73 a.73 1.77%al.79 .71 1.77%al.79 1.77%al .79 1.77%al .79 1.77%al.79 29 a7.53 a7.55 a7.54 7.25 a7.56 a7.55 7.25 a7.57 1.71 %al .76% 25.19a25.75 25.25a25.80 7.20 1.71 al.76% 25.19a25.75 25.25a25.80 7.20 a7.56 7.25 a7.58 a7.57 7.25 a7.59 1.78%al.76% 25.19a25.73 25.25a25.75 7.20 a7.57 7.25 a7.59 SUNDAY 30 a7.51 7.25 a7.53 7.25 1.71 %al .76% 25.19a25.75 25.25a25.80 7.20 1.71 %al .76% 25.19a25.73 25.25a25.75 7.20 HOLIDAY 31 12% al2% discount 2.96%a2.97% Bollvla Ecua¬ .59%a.59% ll.17all.25 17.40 al7.55 1.77 %al.79 .71%a.73 Vene¬ Yoko¬ Hong Singa¬ Bolivi¬ Colombia dor Uruguay zuela Chile Peru Portugal Kong Shanghai hama Manila pore Bombay Java ano Dollar Sucre Peso Bolivar Peso Sol Escudo Dollar Tael Yen Peso Dollar Ruppee Guilders Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks 16.00 95.24a96.00 20.00 47.25a48.00 16.00 6.00a6.06 1.. 2- 3-. SUNDAY 16.00 95.24«96.00 20.00 47.25a43.00 16.00 6.00a6.06 4.. 16.00 95.24a96.00 20.00 47.25a48.25 16.00 6.00a6.10 5.. 16.00 95.24a96.00 20.00 47.25a48.00 16.00 6.00a6.12 6.: 16.00 95.24a96.00 20.00 47.25a43.00 16.00 6.00a6.10 7.. 16.00 95.24a96.00 20.00 47.25a48.00 16.00 6.00a6.12 3.31%03.35 23.12a23nu 30.14a30.63 32 47a32.62 49% 3.31 %a3.35 22.84a237i6 29.68a30.38 32.77a33.00 49% 28.00 28.00 3.33 a3.36 22.96a23.40 29.87a30.38 33.05a33.25 49% 28.00 3.32 03.38 23.06a23»1# 30.07a30.63 33.00a33.06 49% 3.33 28.00 a3.38 23.03a23.45 30.06a30.63 32.62a32.75 49% 27.75a28.00 3.32 a3.38 23.25a23.90 30.21a30.88 32.43«32.65 49% 28.00 8- a a a a a a 49% 42.12a43.00 27.25o27.63 40.30a40.50 49% 49% 49% 49% 49% 41.93a43.00 27.22a27.63 40.35a40.50 42.25a43.00 27.35a27.63 40.35a40.50 42.25a43.00 27.30a27.63 40.45a40.50 42.25a43.00 27.35a27.63 40.40a40.50 42.25a43.00 27.30a27.63 40<40a40.50 SUNDAY 95.24a96.00 20.00 16.00 95.24a96.00 16.00 95.24a96.00 16.00 16.00 9„- 16.00 10.11-. 12-. 13-. 14.. a3.38 23% a23.90 30 37a30% 32.57a32.75 49% a 49% 42.12a43.00 a3.38 23.34a23.80 30.45a31.13 32.56a32.75 49% a 49% 42.25a43.00 a3.38 23.28a23% 30.36a31% 32.50a32.65 49% a 49% 42.25a43.00 a3.38 24.00a24.44 31.26a31.88 31.85a32.06 49% a 49% 42.25a43.13 27.35a27.63 40.40a40.50 27.13a27.63 40.40a40.50 47.25a48.00 16.00 6.00a6.10 20.00 47.25a47.68 16.00 6.00a6.10 20.00 47.25a47.75 16.00 6.00a6.10 27.75a28.00 3.33 95.24a96.00 20.00 47.25a27.75 16.00 6.00a6.10 95.24a96.00 20.00 47.25a27.58 16.00 6.00a6.10 27.30a27.63 40.40a40.50 28.00 3.33 27.75a28.00 3.31%a3.37 23.59a243ie 30.70a31.38 31.58a31.81 49% a 49% 42.12a43.13 27.25a27.50 40.30a40.50 30.76a31.38 31.90a32.06 49% a 49% 42.06a43.25 27.22a27.50 40.30a40.50 27.75a28.00 3.31%a3.37 23.62a24.06 16.00 95.24a96.00 20.00 47.25a47.75 15.25 6.00O6.13 16-- 16.00 95.24a96.00 20.00 47.25a47.58 15.25 6.00a6.15 17- 16.00 95.24a96.00 20.00 47.25a47.58 15.25 18-- 16.00 95.24a96.00 20.00 47.25a47.58 15.25 6.00a6% 6.00a6% 15-- 28.00 3.33 28.00 3.32 27.12a27.63 40.25a40.45 SUNDAY 19- 16.00 95.24a96.00 20.00 47.25a47.50 15.25 20-- 16.00 95.24a96.00 20.00 47.25a47.68 15.25 21-. 16.00 95.24a96.00 20.00 47.25a47.58 15.25 23.- 16.00 95.24a96.00 20.00 47.25a47.58 15.25 16.00 95.24a96.00 20.00 47.25a47.68 15.25 26- 16.00 95.24a93.00 20.00 47.25a47.60 15.25 a3.36 23.65a24.69 30.95a31% 31.10a31.35 49% a 49% 42.12a42% a3.35 23.81a246io 31.26a31.88 31.55a31.70 49% a 49% 42.31a42% 27.25a27.56 40.35a40.50 27.25a27.44 40.35a40.50 6.00a6% 6.00a6% 6.00a6% a3,36 23.87a24.44 31.09a31% 31.40a31.50 49% a 25.00a28.00 3.31%a3.38 23.50a24,i6 30.59a31.38 31.44a31.56 49% a a3.38 23.53a24»i6 30.50a31.13 31.35a31.44 49% a 25.00a28.00 3.36 25.00a28.00 3.32 a3.38 23.44a23»ie 30.53a31.l3 31.25a31.35 49% a 49% 42.25a42% 27.25a27.56 40.35a40.50 49% 42.25a43.00 27.32a27,56 40.35a40.50 49% 42.25a43.00 27.30a27»i« 40.35a40.50 49% 42.25a43.00 27.35a27% 40.35a40.50 6.00a6% 6.00a6% 6.00a6% 6.00a6% SUNDAY 25.00a28.00 3.33%a3.38 23.28a23"i« 30.18a30.88 31.44a31.69 49% a 23.00a25.00 3.32 a3.38 23.37a23.75 30.31a31.13 31.65a31.87 49% a 22.75a25.00 3.33%a3.38 23.40a23lBia 30,37a31.13 31.62a31.87. 49% a 22.25a25.00 3.33%a3.38 23.43a23»x« 30.43a31.13 31.61a31.75 49% a 49% 42.25a43.00 27.30a27.56 40.35a40.50 49% 42.12a43.12 27.35a27.56 40.35a40.50 49% 42.31a43.00 27.40a27.56 40.35a40.50 22- 24.. 3.28 25.00a28.00 3.28 25.00a28.00 3.32 49% 42.25a43.00 27.42a27.70 40.35a40.50 26-. 16.00 95.24a96.00 20.00 47.25a47.50 15.25 27-t 16.00 95.24a96.00 20.00 47.25a47.50 15.25 6.00a6% 28.. 16.00 95.24a96.00 20.00 47.25a47.50 15.25 6.00a6% 22.25a25.00 3.33%a3.38 23.46%16i# 30.32a31.13 31.65a31.90 49% a 49% 42.25a43.12 27.37a27.70 40.35a40.50 22.25a25.00 3.34 a3.39 23.43a23»u 30.51a3Dic 31.80a31% 49% a 49% 42.25a43% 27.45a27.95 40.35a40.50 16.00 95.24a96.00 20.00 47.25a47.50 15.25 6.00a6% 22.25a25.00 3.34 29-. SUNDAY 30-- 31- HOLIDAY a3.40 23.56a23"u 30.67a31.25 32.10a32.50 49% a 49% 42.75a43% 27.55a28.35U0.40a40.50 ^V.v; i' New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF Bond Sales. May... 1932. May] and on pages embrace every 1,149,128,650 16 to 38 furnish security dealt in a They on May no the Exchange. 1932. Jan. 1 to extended 1932. --.Shares May 31 introduction, 1931. 23,136,913 46,659,625 163,717,978 - complete record of the transactions need MAY Stock Sales. $238,708,000 since Jan. 1. range DURING 1931. $261,621,400 £ May 31 The tables PRICES 1,278,788,300 ... ............ Jan. 1 to BOND 273,349,666 the New "Sork Stock on they Exchange during self-explanatory. The tables We give bonds first, using the classification adopted in the official list. as The black-faced letters in the column headed "Interest Period" indicate in each case are the month when the bonds mature. In accordance with the rule are at a adopted by the New Tork Stock Exchange in 1909, all quotations for interest-paying bond ? price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which Interest is in default. but where this is the A few other bonds, like the Holland-American Line 6s, for special reasons, are' also quoted the quotation "flat" will be found against the name of the Issue. This method of case "flat,'* quoting bonds became effective Jan. 2 1909. For footnotes to tables see last page of bonds and last page Sales in fl BONDS May, N, Value. 7. STOCK Price Jan. 2 1932. EXCHANGE. Bid. U S GOVERNMENT of stocks. Ask PRICES IN MAY. May 2. Bid. Ask May 31. Bid Ask. RANGE SINCE JAN. 1. Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. First Liberty Loan— 6.393,000 ..1932-1947 Registered....——..——.—— First 3 Hi— 23"666 —- sbo'ooo 101 ht Sale 1008jj Sale 993°32May 12 101*82 May 99"nSale J Registered. 94*ii Jail. 95*32 Jan. 26 101*81 Apr. 14 96**32Jan. 96«82 Feb. 24 101«32May 9 2 2 97**32Jan. 97*°32Jan. 25 102*31 Apr. 20 101*8jjApr. 15 20 102 *832May 2 102i«33May 11 106*82 May 2 98>ts Jan. 98*»3iJan. 102*«»Apr. 15 23 102*0jjApr. 983°„Jan. 12'l0613a,Apr. lOOUi Jan. 26 106*32 Apr. 29 14 28 30 100 1012732Sale 10 0 2832May 10D832Sale 10l2i32Sale 1932-1947 J First Second 4%e 2 May~31 iof"nMay~ *9 101*"" Sale"" 166"" Sale" 1932-1947 J First 414 s 4,000 97">tSale J J Registered 4 J 1932-1947 J First 4s 4 1012732May IOII32 May 16 101?taMay. 14 6 Fourth Liberty LoanA Fourth 414® 19,055,000 133,000 Registered 6,776,000 Treasury 414s A 99**,,Sale 1947-1952 A 10210uSale Registered.. A 7,45"O"666 6 247*666 5,6*89^666 3,262:600 5,6*7*8:666 991"|ii"Safe" -1940-1956 M 8 M 1943-1947 i3j Sale ioisVjjSal'e" 10 2 832 Sale 10 2 732 Sale 1022»32Sale 992"832Sal"e" 1012*32May 101«32May lOl^ssMay 99 ....1951-1955 Treasury3M----—Junel5 1940-43 d s 3~d J .......... 8 m Registered Treasury 3 Mis 97*82 Sale "92i"ijSaie" *982"32Sal*e" *952~4~32Sale~ 86"»Sale 94*83 Sale 89i"32Sale "92"ii"93" 982~8~32Sale~ *96*" Sale" Sale 98*«32Sale 95l«82Sale d J *88*" Saie 95*«8iSafe" *9628"32Sal"e~ 93 d Registered................... 2 94 Jan. 97 May 20 101 May 3 20 99*33-May 10 88l°32May 31 94*32 May 2 ~951232May 103**1 Apr. 992*3,Feb. 89IejiJan. 101"iiApr. 14 87*°»iJan. 94 8832 May 20 "99" "~May~ 12 5 12 94*3j Apr. 7 Apr. 82»*i Jan. 21 9 5 432 May 96 May 892°32May 87**«Jan. 12 98**3iApr. S 1946-1949 J 2^2 May 94 d 1941 1943 M Treasury 3% s lOO^Sale d m May 20 102 12 99»«82Mar. 95*°<tSale S J J ..... Treasury 3%« Registered Treasury 3s Registered... 102"32Sale 106 J Registered Treasury 3 J4s........ Registered 10,2057666 9910nSale ..1944-1954 J Treasury 4s Registered 10,164^666 1933-1938 16 99*32 May 10 88»u Jan. 96 May 25 94>»3iMar. 952832May 1 83 1 1 Jan. 11 95*3siApr. 14 29 "991"*;,"apv: "15 94 Apr. 95**3,Apr. 94*3, Apr. 992**iApr. 99*»uApr. 99«3,Apr. 96 May 96***,Apr. 95*3», Apr. 5 15 21 15 28 15 25 15 14 STATE AND CITY SECURITIES Nor. 1954 MN New York City—3 Ms 3%® 1955 MN - 4s registered...1936 MN registered ..........1955 MN 4s 4% Corporate stock...........1957 MN 4H% Corporate stock May 1957 M N - 4H* Corporate stock......Not 1957 M N 4% Corporate stock 1958 MN 4% Corporate stock..... ..1959 M N IHi I960 M S - - :::e* - 4M» Corporate stock 1963 M S 4%s Corporate stock.......... 1965 J d New York State 4% 8 1963 M S ::::: hsh 110% FOREIGN GOVT. & MUNICIPAL'S 55,000 Agrlc Mtge Bank s f 6s.........1947 F A 69,000 Sinking fund 6s A Apr 15 1948 A O 96,000 Akershus (Dept) extl 5s.........1963 M n 68,000 53,000 7,000 27,000 29,000 20,000 10,000 103,000 184,000 217,000 198,000 236,000 270,000 142,000 159,000 101,000 131,000 212,000 28,000 906,000 673,000 582,000 392,000 190,000 185,000 Antloqula (Dept of) Col 7s A....1945 J External s f 7s ser B 1945 J 21 23 % 20% 38 42 50 13 25 31% 38 m Sale 5% 7% 5% Sale 10 5% 12% 19% External s f 7s ...1945 12% External s f 7s ser D...........1945 12% Ext f 7s 33 13 12% 6 12 5% sec s ser C ....1957 2d series trustr ects Extl sec s f 7s 3d series... Antwerp (City) extl loan 5s 11 ....1957 —...... 11 11 1957 13 73 1958 5 69 22% 28 22% Sale 56% 75 5% 15 5 Sale 9 Sale lH Sale 5% Sale 5 66 Sale A O 49% Sale 49% Sale j 37% Sale d 51 Sale 49 % 41 A O 49% 49% Sale Sale ..I960 M N 50 47 Sale Externals f 6s (StateRy)—...1960 M S Extl s f 6s (Sanitary Works)...1961 F A 49% Sale 48 40% Sale 37% Sale 38% Sale 39% Sale 37% Sale 37% Sale Sale 50% Sale 49% Sale 49% 49% 49% Sale 48% Sale 49% Sale 50 49% 41 Sale Sale 44 34 % 62 % Sale Sale Argentine Govt public works 6s. 1960 Argentine Nation (Govt) > f 6s..1959 Extl s I g 6s of Oct 1925 1959 Sinking fund gold 6s ser A 1957 External 1st s f 6s Extl a ser B f 6s of May 1926 M S 1958 J D Public Works ext s f g 6s..May 1961 M N Public Works ext a f 5H* 1962 F A Argentine (Rep) 5s of 1909 1945 M S J Australia 5- of 1925 July 15 1955 J External loan 5s of 1927 External g 4%t of 1928 Austrian Govt s f 7s... Cash sale* a Deferr d del ----- 50 Sale 27% Sale Sale Sale 60 54 % Sale 54 Sale 51 Sale 86 % Sale 34 Sale 32 % 40 83 89% 1957 M S 49 42 % 1943 J 42% d 52 44 % 44M 1956 MN International s f 7s... J 1957 J Bavaria (Free State) extl 6 %s—.1945 F A 267,000 Belgium 25 year external 6%®—.1949 M S r 50 Sale Sale Sale 43% 39% Sale Sale Sale Sale 60 Sale 60 Sale 55 65 Sale Sale 25 % 27 91 % Sale Sale Sale May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 26 31 2 3 26 26 26 25 12 14 31 31 26 26 31 31 31 31 31 26 31 13 2 2 2 31 26 7 2 33 May 5 32% May 4 57 % May 14 6 May May 5 5 % May 17 May May May May May May May May May May May May May May May May May May May May May May May 16 7 6 5% 6 69 50 / 49% 50% 49% 49% 49% 51% 49% 50 44 62% 62% 62% 56% 86% 34% 32% 93% 2 Jan. 4 33 May 31 33 Jan. 8 May 3 May 26 Apr. 14 Apr. 30 May 25 May 12 May 14 Jan. 31 20 20 19 2 12 27 May May May May May May May May May May 31 26 26 31 31 31 31 31 26 31 Jan. 26 Feb. 1 Feb. Feb. 1 1 May 31 May 26 Jan. 27 6 Jan. 2 Jan. 27 Jan. 28 5 62% Mar. Jan. 8 16. 15> Jan. 22 15 15 Jan. Jan. 6 12 Jan. 14 14 Jan. Jan. 13 18 10 77 66 Apr. 4 6 Mar. 11 67% Mar. 12 67 Mar. 11 68 Mar. 11 67 Mar. 11 67 68 Mar. 12 Mar. 11 67% Mar. 12 67 Mar. 11 59% Mar. 11 67 Mar. 12 62% May 20 62% May 20 60% Apr. 2 98 Mar. 24 55 47 95 Mar. 29 Feb. 24 Feb. 27 Sales in N. 568,000 855,000 610,000 14,000 30,000 121,000 143,000 44,000 102,000 External a Sale Sale 84% Sale 96% Sale 96 Sale 96% Sale 15a.Oct 15 1949 78 57 63 55 63 .......I960 a 78 54 75 61 Sale f 5s Berlin (Germany) a # 6 Ha 1950 External sinking fund 6a_.....1958 23 1945 15 (Republic of) External a f 8a Ext Sale Sale Sale 99% 19% 1934 1941 f g i%* of 1926 Extl a f 6%a of 1927 Sale 7 7 ..1969 20% 11% 5% 17 % 8% 5% *1958 Extl sink fund 7s Bordeaux (City of) 15-year 6a Braxil (U S of) external 8a 23% Sale Sale 22 1947 gold 7a... sec 4 15% 15% Sale 16 Sale Sale Sale 37% Bremen ext g 7a trust recta.....1935 Brisbane (City) s f 5a 1957 70 29% 35% 37 Sale 41 Sale 36 39 Sale 46% 17% 39% Sale 45 14 45 s f 6s... 1950 Buenos Aires f 6s 1962.. 1955 a (City) extl 4%a External a f g 6a series C-3 External s 1955 f 6s aeries C-2 Buenos 27 Sale a f g 7a 1967 Stab loan 7%i Int ret.........1968 22 f 6%s s Bulgaria (Kingdom of" 57,000 436,000 541,000 313,000 11,000 44,000 267,000 Caldas Dept of 456,000 Farm Loan 35 10 (Colombia) 7%*..1946 Canada (Dom) Gold 4s 1960 • 78% 95% 94% 1952 74% 89% Sale Sale 1936 86 Sale (City) a f 8s 1954 Cauca Vail (Rep of Col)s f g 7H* 1946 Cent Agrlc Bank (Ger) 7s ...1950 75 77% 15 38% Sale Sale 76 13% 33% 29% 29% 29 Sale 30-year gold 5a. ■ . Carlsbad f 6s a ...I960 Farm loan a f 6s 1960 609,000 Farm loan 6s series A 4938 544,000 35,000 Chile Republic ext s f g 7s 1942 External sinking fund g 6s 134,000 1960 External sink fund gold 6a....1961 73,000 Ry ref extl s f g 6s 1961 88,000 13 76 26 Sale 49 Sale Sale i&X 40 Sale 43% "25% 25 8% 74% 91% 93% 77 61 Sale Sale Sale 7% 26% 25% 24% 23% 8 12 13 6 12% Sale 6 Sale Sale Sale 11% 10% 11% Sale Sale 14% 6% 6% Sale 7 6 7 3% 13 Sale 6 3% 67,000 Chile Mtge Bank of gu a f 6%a ..1957 13 Sale 7% 8% Sale Sinking fund gold 6Ms guar.. 1961 25 Sale 26 13% 12% Sale Sale 9 Extl 67,000 66.000 Extl sinking fund 6a..........1962 External sinking fund 6s 1963 254.000 130,000 98,000 44.000 5,000 12,000 36,000 r a f 6e Int ctfs........... Guaranteed s f gold 6s Guaranteed sinking fund Chilean Munlc Loan 7s 1961 .1961 6s_.1962 1960 11 12 6 ..1951 Chrtstlanla (City) (Oslo)30-yr 6a~1954 6 66 7 75 Cologne (Germany) 20 28 32% 74,000 f6%a.....1950 a Sinking fund 7a of 1927 Copenhagen external 5a 76,000 177,000 428,000 23 20% 1952 62 1953 3% 3% 5% ' 4 6 Sale Sale 22% 5% 7 23 Cordoba (Prov) Argen 7a Costa Rica (Republic) extl 64 59% 30% Sale 39% Sale 78% 85 70% 88 7a..1951 5s ext debt Ser A of 1914 1949 4%s extl loan Series C 30-year a f 5%a 1949 Works 78 ...1953 - Public 5%a_..Juae 30 1945 (Dept f 6Hs 21% 12 35 36 35 89% 20% W If 14 40 'v. 38 36% 27"" Sale 56 23 Sale 60 Sale 18% 44% 36% Sale 91 Sale 71 74 Sale Sale 63 71 Sale 37% 60 Sale 37% Sale 35* 36 33 24 23K 14% . 088% Sale 85 86% 98 36% 36% 46% Sale 38 Sale 7 13% May 13% May 20 May 20% May 21 May 60 May 52 May 15 May 36 May 35% May 27 May 87 May 86% May 65 May 71 May 35% May Sale 67% 86% May 98 May 97% May 57 May 61 May 23% May 20% May 11% May 5% May 4 May 4 May 104% May 20% May 19 May 18 May 16% May 76 May 38% May 45 May 45 May 50 May 17% May 45 May 36 May 36% May 17 31 3 7 6 6 4 31 26 31 2 31 27 26 26 2 3 31 6 8% May 74% May 91% May o92 % May Sale 61 May 7 Sale May Sale o25% May Sale 21% May Sale 21% May 23 Sale May Sale 6% May 5 3% May 3 Sale May 4 Sale May Sale 4 May 7 5% May Sale 3% May 9 May Sale 21% May 5 Sale May 9 7% May 4 4% May Sale 7% May 66 May "20" 16 May Sale 23 24% 68% Sale 23% 14 May May May May May May May May May May May May May May May May May May May Sale Sale Sale Sale 22% Sale 17% 5 26 34 1942 I7" Sale 20% 62% 7% Sale 18 Sale 18% 8 20 20 20 Sale Cordoba (City) external a f 7s... 1957 External a f 7a Nov 15 1937 Cundlnamarca ■\\ 17% 25% Sale 20% 21% 1947 Gold 4%s int ctfs 7 24% Sale 98,000 Cuba (Rep of) 5s of 1904 .......1944 41,000 7 71 Chinese Hukuang Ry 5s. 304,000 Colombia (Rep) external a f 6a...1961 Ext a f g 6a Int rcta 1961 452,000 161,000 Colombia Mtge Bank 6Ha.......1947 Sinking fund 7s of 1926 1946 68,000 70,000 101,000 34,000 18,000 31,000 124,000 7 13% Sale 20 43,000 Sale 18 12% ... "33% 11 Sale Sale 28 42% 40% Sale Sale Sale Sale 26% 41 32 11 26 2 103 16 80 Sale 2 9 6 16 16 26 31 21 24 25 May 93% May May 55 May 49 May 16 May 15 May 9 May 3% May 2% May Sale Sale 12% 29% 84 94 Sale 37% 36% 10 1961 External 48 15 Sale f6s 1961 Sale Prices. 14% Sale 33% 39% 57 35 25% a Sale Prices. 15 35% 35% "98"" 24% Sale 24% Sale 12% Sale 17 55 1960 I960 Alr^s (Prov) ref. ext'l 36% Sale Highest. Sale 76 26 Sale Sinking fund gold 5a .......-.1958 Budapest (City) exit 38 Sale Lowest. Lowest. 17% 15% 39% 66% 11 2% Sale 103 Sale flat 1952 Sale , 3% Sale 2% Sale Sale 20 Sale 14 1952 7 Sale 3 Sale \VA 13 Sale 16 .1957 Cent Ry 30-year g 7a.... Sink fd 7%« (coffee uec>.. 24% Sale 103% Sale .1957 a 20-year Ask. 84% 95% 92% 92% .1956 Bogota (City) ext g 8s Bolivia Ask. Bid. Sale 80 1955 Bergen (Norway) ext a Bid. Sale f 6a..1955 > f 7a Stabilisation loan 7a External Ask. Did. May 31. May 2. 1932. (Continued) Belgium (Concl) External 38,000 89,000 338,000 195,000 272,000 246,000 57,000 < 4,000 305,000 116,000 120,000 96,000 570,000 115,000 2,000 10,000 301,000 176,000 42,000 37,000 . Government RANGE SINCE JAN. 1. Jan. 2 T. STOCK EXCHANGE. Foreign PRICES IN MAY. Price BONDS May. Value. 17 EXCHANGE—BONDS N. Y. STOCK 27 24 26 24 9 31 3 12% 86 15 6 Sale 90% 9% Sale 3% May 74% 75 May 74% 77 May 71 Sale 67% May 69 64% May 51% Sale o49 % May 59 Sale 57 May 39 40% 44 May 85% Sale 72 Sale 62% 57% 57% _ 1st sec 5%a of 1926 1940 2d series sinking fund f%a 18,000 1940 1945 26,000 Dresden (City) extl a f 7s 129,000 Dutch East Ind 25-yr extl 6a 1947 40-yr external sink fd gold 6s .1962 134,000 30-yr external gold 5Hs..Mar 1953 12,000 30-yr external gold 5%a__Nov 1953 29,000 1948 34,000 El Salvador (Rep) 1st a f 8a .......1967 87,000 Estonia (Republic) 7a Finland (Rep of) external 6a Sale 67 Sale 64% 52 A O Sale Sale Sale 65% Sale 38 40 33 33 49% ..... MN J 30 87 J M 8 M 8 84% 78% 81% 48% MN J J J J 30 ...1950 M 8 42% rnimi 45 Sale Sale Sale 232,000 11,000 3,495,000 1,000 77,000 204,000 18,000 40,000 51,000 24,000 94,000 12,000 93,000 95,000 28,000 39,000 128,000 Prov 6c 49% 50 49 52 42 53% Sale 44 49 Sale 43?/ Sale 46 Sale 42 40 19 111% Sale 112% Sale 29 1968 F 91% Hungarian Land Mtge 7 Ha A S f 7Ha series B s Italian Cred Consortium 7s External sec s ser f 7s series B Extl sinking fund 5%s J 1961 M N 1961 M N f 7s_1951 Italian Public Utility s f g 7s Japanese Gov text s f 6%s D A 1937 M 8 1947 M 8 1952 J 1954 F 40 119 Sale 15% 118% Sale 111 Sale 111 34% 58% Sale Sale 27 Sale 19 Sale 40 Sale 15% 12 11 11 11 4 9 19 19 20 6 2 26 4 May 23 26% May 23 15 May 4 2,3 May 11 A J 1965 M N A O 32 45 F A 22% 61 May 31 Mar. 16 May 26 31% May 31 28% 8% Mar. 29 o22 3% May 24 10 2% May 25 8% May 17 8% Jan. 13 104% May 3 May 7 r25% May 6 25% 6 12% Jan. 25 8 65% Jan. 86 26 May 31 43% 2 33% Feb. 48% 5 5 5 4 20 31 20 3 18 26 25 23 25 31 20 Jan. Jan. 14 11 Jan. 12 it* 32 Feb. 2 37 Jan. 4 11% May 31 35 May 27 36 Apr. 4 33 May 26 a24 Jan. 6 Mar. 11 Mar. 7 Mar. 11 Apr. 6 Feb. 16 8 48% Mar. 8 57% Mar. 10 Mar. 26% Jan. 15 58% Mar. 11 50 Mar. 15 55 5 Mar. 5 37% Mar. 11 23% May 3 11 May 31 14% May 6 37 Mar. 11 34 Jan. 12 41% Jan. 8 f15% \f May 23 27% May 23 23% May 3 24 May 20 25 May 25 66 May 60% May 19 May 40 May 12 37 May 11 36 May 6 89% May 6 91 May 2 71 May 2 77 May 25 39 May 25 6 30 Mar. 15 |^ 27 13 Jan. Jan. May 1VA 4 Jan. 1 ¥ 26| Jan. 8 Mar. 10 Mar. 21 Apr. 28 Mar. 11 Jan. Jan. 16 15 Jan. 16 Jan. 16 Jan. 15 Jan. 13 Mar. 4 Jan. 18 Jan. 18 Jan. 18 Mar. Jan. Jan. Jan. 3 16 18 25 Jan. 16 Jan. 18 Mar. 4 Mar. 29 Feb. 4 Apr. 5 Jan. 13 13% May 13% May 18% Mar. 23 30 27% Jan. 19 Apr. 25 7 Apr. 27 Jan. 20 28% Jan. 14 18 19 55% Feb. 50 Feb. 15 32 Jan. 11 5 Jan. 13 71% Mar. 11 Mar. May 20 Jan. 22 46 Mar. 11 30%/Jan. 25% Feb. 78% Jan. 84 Feb. 52 Jan. 2 42 8 r45 6 95 15 4 70% Apr. 20 33 30 67 34 Feb. 21 26 28 31 31 3 3% May 8% May 75 May 90;% May 77 May 89 May 6 67% May 77% May 2 Jan. 62 70% May 10 60 May 2 o49% May May 67 May 2 57, 38 Apr. 41 May 23 24 25 26 31 31 16 26 24 4 May 10 May 27 35% May 9 89 May 2 84% May 11 79% May 10 80 May 2 23% May 3 38% May 25 28 29 D MN 42% 99% Sale 99% Sale J 10 MN D 3 e Sale May 3 54% May 17 May 2 5 49% May 9 48% May 40 May 31 5 20% May 3 123% May 4 117% May 50 49 14 May 27 34 May 24 101% May 2 102 May 13 *70% 71% *074 y8 Sale *o72% May 4 *a75 Sale *o74 May 3 *o75% Sale 89 91 71 Sale 71 May 28 23 Sale 20 22 19% May 19 15 Sale 12 H Sale 12% May 23 60 59% 55 58 56,% May 23 20% Sale 17 20% 16% May 20 20 31% 25% Sale May 16 44 Sale 41% May 28 18 12% Sale 12% May 26 17 Sale 14 12 May 19 17 Sale 15 17 22% May 2 14% Sale 14% May 2 17% Sale 33 35 20 Sale ol8% May 20 74 Sale 74 75 Sale May 2 82 88% Sale 86% Sale May 5 86 90 85% May 26 86% 90 67 77 77% Sale 72% May 27 60 75% Sale •60 Sale May 31 66% Sale 52% May 31 52% Sale 57% Sale 45% May 31 45% Sale 19 May 40 May 106% May 102 May a74% May o75% May 89 May 23 May 15 May 60 May 22 May 25% May 46 May 17% May 17 May 22% May 22% May 32 May 75 May 88% May 89 May 79 May 77 May 70 May 58 May 101% Sale 15% Sale 33% 103 34 Sale Sale 22 27% 30% Sale 15 22% 38 93 35 103 «103%Sale a 103% Sale 103 6 12% 12% 40 £ sterling 37 36 17 96 Feb. 9 9 3 Jan. 12 Mar. 18 , w* 77 Apr. 1 Apr. 27 May 25 40% Mar. 23 a Deferred de livery. 30% May 20 May 35% May Sale 103 May Sale 103 May 8 8% May 37 23 17 Jan. 14 29 100 Jan. 8 21 100% Mar. 3 26 Mar. 22 87 5 85% Mar. 22 31 71 31 75% Mar. 2 55% Feb. 16 5 29 50 Jan. 28 45 Feb. Jan. 32 Apr. 27 4 50 Feb. 45 29 Mar. 22 8 92 Apr. 26 8 89 Feb. 24% Jan. 081 Apr. Apr. Feb. uy* 76 Feb. 8 a87 Mar. 75 Feb. 8 Mar. 20 May 24 32% Feb. 41 May Jan, Jan. Jan. May 40 May 15% May 110% Jan. ol08%Jan. 43% 40% 35% 40% 9 26 5 28 2 31 31 fl* 29 11 29 9 8 Jan. 21 S9H Jan. 13 56% Mar. 28 Apr. 4 Apr. 4 52 Feb. 26 54% Apr. 7 54% Apr. 8 8* 24 30 Jan. 14 22 123% May 3 25 118 Apr. 22 44% Mar. 65% Jan. 33% Feb. 14 2 May 2 28% Jan. 26 o89% Jan. 13 100 Apr. 19 *a56 Jan. 28 *o65%Jan. 71 3 May 17 2 Apr. 2 12% May 13 56% May 24 16% May 60 8 Mar. 15 106% May 26 102 May 13 a76% Mar. 31 a77 Apr. 5 98% Mar. 24 8 63% Jan. 48 Jan. 14 66% Mar. 29 36 36 20 26 May 34 Jan. 7 4 12% May 12 2 May 17 26 May 4 14% May 3 al8% May Feb. 10 o69 82 2 May 82 Jan. 17 3 70% Jan. 60 3 May 14 52% May 6 45% May May 26 35 May 24 23 May 10 18 39 31 104% May 6 31 rl05%May 25 21 12% May 4 Mar. 12 130 24% May 31 42% May 26 35% May 58% May 30 J ♦ At the exchange rate of <4.8665 toth' Mar. 24 13 §?* 24% May 31 42,% May 26 44% Sale , aale 63 Feb. 8% May 28 11% May 14 Jan. 71 2 31 78% May Feb. 87 2 May 31 96% Jan. 86 3 18 95 May 95% 61 May 6 90 76 31 May 7 May 2 25 12% May 19% 2 a25% May 25 29% May 47% 21% May 2 20 26% May 41% 21% May 3 20 26% May 23 May 3 r43 17 28% May 6% May 3 19 25 8% May 3% May 9 7 lo May 16 3 May 31 6% May 12 14% 4 May 8 15 May 20 27 4 May 27 rl0% May 18 5% May 26 7% May 16 14% 3% May 31 6% May 19 5 May 26 8% May 18 19 Apr. 27 26% May 5 May 26 26 May 18 7% May May 18 27 4 May 7 May 24 Jan. 7 13 31 7% May 26 66 May 75 25 71 May •16 May 37% 19 32% May May May May May May May May May May P J 1944 F A :..1960 MN f 7H« Irish Free State external 5s s J O Mexican Irrig Assenting s f 4H8.1943 Cash 30 O Jugoslavia (State Mtge Bank)— Secured s f g 7s 1957 161,000 11,000 Leipzig (City) external s f g 7s. .1947 11,000 Low Austria (Prov) sec s f g 7%8.1950 1934 272,000 Lyons (City of) 15-year 6s 1934 281,000 Marseilles (City) 15-year 6s 1954 100,000 Medellln (Colombia) 6%a r 21% Sale O a f 7H« 1950 J ext 6Hs 1960 A Hungarian Mun Loan 7Ha.. 1945 J External s f 7a... Sept 11946 J (Kingdom) external Sale Sale Sale 40% Sale Sale A 1952 A .....1946 A f 6a.. Helsingfors (City) Italy 19 Sale 120% 116% Sale 61% 1949 ___L_1964 MN a 44 46% o39 40% Sale 40% Heidelberg (City) extl 34,000 Hungary (King of) 30,000 785,000 33,000 80,000 317,000 1,006,000 375,000 6%a Hamburg (State) 6s... 41 49% 55 Bka— Sinking fund secured 6a Haiti (Rep. of) Cust 49 50% 1958 J 7a Sale 45 4% fund £ op 1960 (*5=£1) 1990 D 5% War Loan £ op 1929 (*5=£1)1947 Greater.Prague (City) 7He_.iL. 1952 MN sec 38 50 19 f 25 77% 23% Sale 36% Sale —. 45 25 22 s 22 . 42 O Greek Govt Sale 80 42 Graz (Municipality) 8s .....1954 MN Grt Brit & Ire., 26-year 5%a 1937 F A F A Registered................. (Cons Agrlc Loan) ..... May 32% May 32 May 83 May 78% May 77 May 77% May 20 May 36% May 35% 42 ......1965 ....... Communal 79% Sale 78% Sale 77 32 O 1954 A 36-year 5%a of 1930 Sale 38% 1954 A O loan 6Ha A.... External 6H1 Ser B... German Republic extl 7s Sale 83% Sale 83 38 89 Sale 36 35 32 37 1956 M 8 1958 F A Frankfort (City of) a f 4%a 1953 M N French Republic 20-yr extl 7%a..l941 J D External a f 7a of 1924 1449 J D German 33% 88 85 92 80 39% German Gov't International— 3,473,000 1,629,000 May 16 50 O A 1945 M S External sinking fund 7a External sinking fund 6H1 Extl sinking fund 5%a nun Jan. 15 ... 30",666 Finnish 91 55 46 Colombia) External a 1959 55,000 32,000 Czechoslovak (Rep of) exit 8s... 1951 Sink fd 8a aer B 1952 14,000 234,000 Denmark 20-yr external gold 6s .1942 External g 5%a 1955 150,000 Gold 4%a__ 1962 316,000 481,000 Deutsche Bank Am part ctfs 6s 1932 M S 23,000 Dominican Republics f 5%a..__-1942 M 8 2d series 5%a 1942 82,000 84,000 76,000 93,000 23,000 1,000 79,000 984,000 781,000 Highest. Sale Prices. Sile Prices. 80 Jan. 23 89% Apr. 4 91 Jan. alOl Feb. 29 Mar. 11 Jan. 18 Mar. 11 U Feb. 25 Mar. 30 55 Jan. Jan. Jan. 76 Apr. 92 Feb. Jan. 31 100 18 7 12 14 18 1 29 83 12 Mar. 17 77 May 3 84 Jan. 21 73% Jan. 22 30% May 26 43% Mar. 12 20 May 24 35 33 Jan. 46 12 Jan. 16 Mar. 21 98% Jan. 13 104% May 6 98% Jan. 13 rl05%May 25 8 May 21 18% Jan. 28 2% Feb. 3% Jan 27 8! N. Y. STOCK 18 Sales in Y. N. Value. STOCK EXCHANGE Jan. 2 1932. N®. Bid. FOREIGN GOVT (ftnclutlfid) external 5a of I899£ 1945 Q 1899 1945 Mexico (U S) Bid. May 31. Ask. Bid. Ask. J 10,000 Assenting 5s large. 10,000 Assenting 4s of 2% . 1954 1904 Assenting 4sof 1 •) 10 1910 large.. As enttng 4s of 1910 small Treas 4s of 1913 assent (large) 1933 j J ::::: 2 Assenting 5s of 4,000 20,000 36,000 252,000 May 2. Ask Lowest. Sale Lowest. Highest. | Sale Prices. Highest. Sale Price. Prices. 1 Sale Prices. J Q 12,000 95:665 RANGE SINCE JAN. 1 PRICES IN MAY. Price ill bonds May. EXCHANGE—BONDS 4% Sale 1% 10 "1% 10 2 3% 1% 1% 1% May 13 May 13 1 % May 27 J j 2% A O 65"" 2 (State) Brazil.-— External sinking fund 6%«-.—1958 M Sale 64% Sale 3 60" Sale 10% 10% Sale 11% 5 Feb. May 14 3% May 13 May 13 2 May 13 3% May 7 3 May 13 2% May 13 2% May 13 2% May 13 May 3 58% May 27 r65 2 May 18 May 23 3 2% "2% Small loan 6 J**--1952 May 18 1 % May 23 Assenting 4s of Milan City (Italy) ext 2 2% Apr. 16 4% Mar. 3 5 20 2% Jan. 28 May 13 1% May 27, May 13! 2 JMay 5 Mar. 3 4% Mar. 16 3 May 13 5 13 May 27, Mar. 12 Mar. 7 Mar. 70% Jan. 2 16 Minas Geraes 106,000 Ext sec 6H>s series A... 40,000 40,000 Montevideo (City) s f g 7s Ext s f g 6s series A.. — 33,000 502,000 462,000 138,000 156,000 ..1958 Norway 20-year ext s f 6s.Aug 15 1943 20-year external s f 6s. Aug 15 1944 <,3,000 30-year external s f 6s Oct 1952 122,000 40-year ext s f June 15 1965 External f g 5s s 40,000 29 29 MN 20 20 % 43% 44 % A 40 43% F 70 % 80 71% F A 8* J Panama (Rep) external Extl 8 f 5s serr A 61 1967 1970 J 1952 F A 1953 M Municipal Bank extl s f 5s 37,000 Municipal Bank ext s f 5s 20,000 35,000 Nuremberg (City) external 6s 174,000 Oriental Development 6a Extl deb 5%s int ctfs 429,000 47,000 Oslo (City) 30 year • f 6s—„ 49,000 155* 12 20 8 Mar 15 1963 M External s f 5s 184,000 12 S D M J g 5s.._1957 F f New South Wales ext ■ 1959 1952 1959 8 J MN 1958 1955 M N 1953 J 48 50 1947 A 48 1950 J 50 12 8 6% ext a f 7s. 1941 Feb 15 1947 . 42,000 Rhine-Ma In-Danube deb 7s ser A 1950 01,000 Rio Grande do Sul (State) ext da. 1946 Ext s f g 6s_. 168,000 196> ..... Extl A O F A M S A O I I) I960 f 7s munic loan M N 1967 f 7s of 1926 J D 15,000 20,000 Rlode Janeiro (City) 25-yrsf 8s .1946 A O External sec a f g 6 Ha 1953 F A 91,000 s 298.000 Rome (City) external s f 6 %■_„__ 1952 1964 100,000 Rotterdam (City) ext a f 6s 1959 156,000 Roumania (Monopolies) 7s A G . 1945 J D 102.000 Saxon State Mtge Inst 7s_._. S Fg6%s Dec!946 J D 62,000 259,000 Serbs, Croats 8c Slovenes extl 8s. 1962 M N , Ext sec 7s ser B ..1962 496,000 318.000 Silesia (Prov) extl sink fund 7s..1958 6% 3% 90 59% 47 10% Sale Sale 4% 5% 4% 4% 40% Sale Sale 44 Sale 10% 16 8 18% Sale 70 68 Sale 55 35 13 9 Sale 11% Sale 56% 32% 10% 7% 2% 8% 10 68% Sale Sale Sale 91 Sale Sale Sale 11 14 Sale Sale 102% Sale 66 17 19 10% 30% 33 13% 10% 45 12% 6% Sale 48% 25 40 24 Sale 23 Sale 25% 9 6 5 7 sec s 3 10 u 5% 17 15% 65% 55% 26% 9 4% A* Sale ... 28% Sale 60 12 59% May Sale 14 10 11 May 12 Sale 10 10 May 36 30% Sale 30% May 15 10 May 10% Sale Sale 11 May AY* 10 Sale Sale 9 8% May 55 Sale May 55% Sale 40 Sale 34 34 May Sale 16% May 19% Sale Sale 13 Sale May Sale 40 37 May 35% May 37% Sale" 31 Sale May Sale 30 Sale 31 May Sale Sale 27 27 May 22 20 14 16 May 10* May 104% Sale 37 30 May 11% 32* 12 8% 59 38 24% 20% 37% 26% 33 21% Sale 34 45 Sale Sale 38% 35% M N 40 D 33% 34% 37 16 21 18 98% 31 99% 102% 75 38% 58 May 57% May May 77% May 77% May 74 May 72% May 71 May 7, 71% May May 23' 20 54% May 31 May 26 52 16; 66 % May 3 2 3 2 14 4 3 3 79 7 23 24; 9! 3; 4! 93 31! 55 31' 31' 4 26! 26 26 4! 49% 41 54 6 6% 4% 5% 55 10% 7 24 24 78 64 24 31 26 28 27 25 34 26 7% 68% 26 2 24 59 17 28 10% 8 8 8% 12 93 36% 79 Sale 0 102 Sale A 37 Sale 37 Sale 55 58 49 Sale 36 Sale 35% 50 Sale 41 60 12 10, 12 27 33 26 rl4% 12% 10* 40 25 21 39% 38 39 it* M N 38 11% May 20 13% May 24 14 May 4 15 May 4 May May May May May May May May May May May May May May May May May May May May May May May May May 20 27 25 27 21 12 13 19 12 11 6 2 4 16% 17 2-1% 25 Jan. Jan. Mar. Feb. 30% Feb. 29% Feb. 58 May 20 58 Mar. 70 84 Feb. Apr. 5 8% Apr. 8 May 24 7% May 26, 8 7 Jan. 7 26 84% Mar. 11 71% Jan. 70 21 18 14 19 84 Jan. 79 64% Jan. 63% Jan. 59% Jan. 64% Jan. 15 May 36% May 41 May 23 31 26 60 Jan. 13 85 Jan. 45 Jan. Mar. 10 Mar. 4 76% Mar. 71 May 73 Apr. 31% Jan. 10 19 13 27 72 Jan. 22 68% Jan. o 12 18 75 Mar. 14 3 27 6 25 24 6 2 7 2 4 12 11 2 3 12 27 5 Feb. May May 3 Apr. 3 Apr. 44 May 40 May 45 May 10 Apr. 5% May 17 May 24 Feb. 29 15% May 6 10 2 27 Mar. 18 9 Jan. 12 27 Jan. 28 Jan. II 4 31 31 Mar. 16 31 Mar. 11 Mar. 9 Mar. 15 26 26 Feb. 25 26 Jan. 14 26 Jan. 14 60% Jan. 2 Mar. 23 Fob. 2 Mar. 23 47 26% May 9 May 4% May 5 May 5 May 7 5 62 Feb. 20 31 55 21 26 11% Jan. 18 28 14% Jan. 22 27 13 18 Jan. Feb. 13 12% 74% 94 56 Jan. 26 Jan. 11 Jan. 6 60 23 rl7 50 25 18 17 64% 45% Jan. 28 24 May 25 May 26 May 26 7 84% Jan. 28% May 24 Jan. Mar. 15 18 8 1 F A 29 Sale Sale Sale 5% 64% Sale 91% 30 Sale 1946 f 7s 74% 62 3 May May May May May May May May May May May May May May May May May May May May May May May May May 36% Sale 18 40 Sale Sale Sale 10% 1954 11,000 Styrla (Prov) extl 40 45 Sale 68 20 44 10 17 70 Sale 52 5% 15% 50 3 48% Sale 90 Sale Sale Sale Sale 74% 74% 72% 70% 4 Sale Sale 10% 94 51 11* Sale 12 Sale 7 10% Sale Sale 48 10% 8% May 4 9% May 4 7 May 24 7% May 26 May May May Sale May Sale May Sale May Sale 70 May 68 May 71% 73 a65% May Sale 15 May Sale 36% May 41 41 May Sale 63% May Sale Sale 24 9 Sale 8% 55 J 1947 F A 18,000 Silesian Landowners Assn 6s M N 100,000 Soissons(Clty)ext 15-yr g 6sNov 14 '36 93 Sale 24 84 ... 36% Sale Sale Sale Sale 47% ....... 22 Sale r J 1953 J 4,000 Saarbruecken (City) 8 f 6s 11,000 Sao Paulo (City) a f 8s.....Mar 1952 MN Ext Isec a f g 6 %• May 15 1957 M N 22,000 J 1936 J 28,000 San Paulo (State) ext a f 8s J External s f 8s 1950 J 37,000 Ext 7s water loan... 1956 M S 26,000 J Extl s f 6s int rets 1968 J 60,000 Sec s f g 7s int rets w i 1940 A O 218,000 .1942 M S 113,000 Sante Fe Prov (Arg Rep) extl 7s 240,000 Saxon Pub Works (Germany) 7a. 1945 F A Gen ref guar serial gold 6Hi..l95i M N 172,000 a70% 70% 70% 15% 24% 22% 60% 51% M N A Sale 76 73% Sale 65% 4 A 8 54% 54% 77% 77% Sale 16% Sale 1940 7 Sale Sale 6 A Sale 50 92 19M Sale 17% 53% 49 7% Sale 70 9 7% 10% 16 Sale 80 54 f 8s 103,000; Oueensland (State of) 172,000! 25-year extl s f 6s 75 ??* 97 17,000 Porto Alegre (City of) 8s_ 1961 J External guar sink fund 7 %a.-1966 J 36,000 133,000 Prussia (Free State) ext s f 6% 1951 M S S f gold 6s 265,000 1952 A O s 59% 65% 20% Sale 62% Sale 58% 60% 62% Sale P 85 383,000 Ext 66 45 1960 J 55,000 66 9% 19 Sale D National loan ext s f 6s 172,000 S F 6s Int ctfs w i 71,000 110,000 Poland (Rep of) g 6s Stabiliz loan 7s of '27. Oct 15 969,000 s 71 It* May 15 1963 M N 5%a Pernambuco (State) ext sec 7s.. 1947 M 8 30,000 Peru (Rep) Sec s f g 7s 1959 M S 47,000 External 77 10 9 12% 11% 35% 37 23 20 3 105% 20, 35 May May May May May May May May May May May May May May May May May May May 17 3 21 11 6 18 14 18 7 2 2 12 11 2 2 2 6 31 4 22 40 Jan, 10 May 29 May 10 10 30% May 10 10 27 May 26 4 May Mar. 29 4 46 Jan. 8 31% Jan. 8 16% May 26 13 May 27 34% Jan. 11 2 21% Jan, Feb. 3 Feb. 11 Feb. 6 Jan. 9 Jan. 15 Jan. 16 Mar. 3 Mar. 11 34% Jan. 16 33 Feb. 3 48 Mar. 42% Mar. 7 8 50 Jan. 12 47 Jan. 12 27 Apr. 14 Apr. 14 May 31 47 Mar. 16 May 23 28 Jan. 97 Jan. 30 27 8 15 28% Jan. 25 105% May 31 Mar. 4 11 42 Sweden (Kingdom of) 313,000 236,000 Extl g 5 Ha 1946 A 1955 F Switzerland (Govt) ext 5 %• 165,000 Sydney (City) at g 5%s 1971 163,000 Taiwan Elec Pow 5%« 1952 29,000 Tokyo City loan of 1912 5s... External a f 5 >58 guar 1961 171,000 11,000 Tolima '!>epi of) external 7s....1947 17,000 Trondhjem (City) 1st ext g 5%a.-1957 8,000 Upper Austria (Prov) extl s 'f 7a_.1945 fxternal s f *%■ June 15 1957 18,000 29,000 Uruguay (Rep) external s J M S A O M N 32% 57% 11% M N J D j 15 59% "2l"" 10 '45"' 49 63 33 27 A "40"" 45 40 23% Sale 27 1964 M N 24 Sale 27% Sale 1952 A t> 1952 M b 1958 F A 80% 57 §8* 50 Sale 34% 35 Sale Sale 53 Sale 95 Sale 16% 76% May Sale 103 May Sale May Sale May May 41% Sale May Sale 5% May Sale 45 May Sale 16 May Sale 15% May Sale 26% 26% 88% 36% 27% 38 Sale 104% 43% 37 6% 45 16 If* 131 84% May 28 3 105% May 27 2 45% May 21 May 13 31 May 12 16 7 31: 51% May 3 17| 9% May May 7 4 47 29% May 11 31 May 13 M 40 May 6 31 May 3 27 28 May 2 6 7 89% May 28 4 26 51% May 35 May 2 31 26 54% May 12 P 75 Apr. 23 Mar. 11 101 Jan. 2* May 27 34 Jan. 5 Mar. 2 37 May 31 Jan. 26 35 Apr. 29 May 31 Jan. 18 41 5% May 41% Jan. 16 May 15% May 29 May 23% Jan. Jan. 21 17 4 Jan. 18 31 Mar. 21 31 Jan. 31 2 Mar. 10 Mar. 3 14 79 1946 1 81 29 Sale 29% r> F *45% Sale Sale 1960 M N f 8s Ext s f 6s 279,000 Extl a f 6s May 177,000 17,000 Venetian Prov Mtg Bank 7s 340,000 Vienna (City) external 6s 287,000 Warsaw (City) external 7a 55,000 Yokohama (City) extl s f 6s.. J 80% 103% ..1961 J O 1943 i D 1943 J "30" 94% D 63 28 92 Sale Sale Sale Sale 46 29 May May May 85* May May 26% May 45% May PI Jan. 80% Jan. Mar. 12 Mar. 11 2 7 24 Mar. Jan. May 26 26% May 31 45% May 26 31 3 8 Mar. 11 Jan. 16 RAILROAD Ala Gt Sou 1st First cons cons 5s ser A 4s series B Albany & Susq 1st guar 3%a. 1946 1998 Allegh 8c West 1st g gu 4s 1,000 Alleg Valley gen gu 4s 15,000 Ann Arbor 1st g 4s 1,704,000 Atch Top 8c S F gen g 4s 4,000 Registered 19,000 Adjustment g 4s 97,000 Stamped.. 30,000 10,000 20,000 A O 1955 J 1955 J J 79% 75 85 78 Sale Sale 88 80 Sale 79% 75 85 lip 80 90 92% 82% Sale 86 79 Sale 86 89 I 72% 89 74 M 8 86 89 87 D 75 50 70 J 1944 J 1951 J Atl Coast L 1st cons 4s. L 8c N collat gold 4s J July 1952 M S 78 1964 J D Oct.. 1952 MN 80 1948 J J 1948 J J 1941 J July 1948 A Bait 8t Ohio 1st g 4a Registered..... 80% May 76% 80% 13 13% May 18% 75 Sale a74% May 77 May 60 68% 76 May 65 May 66% Sale 60 63% 45,000 87,000 30,000 Southw Div 1st 3Its at 5% Tol Cin Div 1st it ref 4s 60 27 26 31 21 14 27 78 20 May 27 May 4 85% May 83 % May 2 9 80% May 27 79% May 6 a70% Sale May 27 a63 May 19 May 31 66% May 13 69 79 85% 80 84 8 Feb. May 13% May o74% May 77 May 70 May 65 May 89 Mar. 26 Jan. 91 Mar. 7 86% Mar. 84% Jan. 8 n85 Mar. 80 Mar. 10 62 84 Mar. 15 60 May May Jan. May May May May It* 94 Jan. 69 May 26 May 2 77% May 19 80 May 27, 79 82% May 79 May 2 2 82 Feb. 77% May 19 86 May 16 9 89 Feb. 1 78 79 IV* 80 Jan. 1 4 28 8 7 83% Mar. 15 29 Mar. 11 92% Mar. 10 ----- 61% 30 72 81 50 75 60." 76 60% 75 60% May 28 25 56 25- 20% Sale 19 ::::: 59 7% 98% Sale Sale Sale Sale 76 O 1995 J D 67 Sale 1941 MN 64% 1950 J 69 Sale J 75 51 ..... 72 ..... 100 Sale 78 47% Sale 31 Sale 80% 42% 60% Sale Sale Sale 61 II* 15 25 64 Sale Sale 30 Sale 43 45 50 30 37 Sale 25 Sale 26% Sale 15% Sale 10,000 Bangor 8c Aroostook RR 1st g 5s '43 J J 74 84 73 70 Sale Sale 71 51 100 rCash sale, 1931 J a Deferred delivery. J 50 19 10 7 May 4 May 17 May 25 May 28 53 7 72 May 85 Mar. 9 90 Mar. 60% May 28 20 Apr. 7 25 May 31 16 May 27 10 May 25 7 May 28 9 85% Mar. 11 82 Mar. 10 65 Feb. 35 30 Jan. 7 Mar. 26 9 15 May 28 Sale May 25 May 63% May 30 May 50 May 48% May 35 May 25 May 15 May 70 May 48 May 2 May 28 May 23 May 2 31 May 7 25 May 12 26 61 May 2 26 47% May 9 31 37% May 18 28 2 26% May 24 72 May 4 May 14 26,, 58 48% 42% 80% 43% 60% 58 May 19 86% Mar. 9 80 31 Sale gold 6s 31 27 25 28 May 19 Sale Con ref mtg 10 May May May May 58 Sale 46% 16 32 49 57 5 78 Sale 61% . May 50 32 8 ...1959 J M ivv> s temp 72 76% Feb. 24 60 May 24 98 A 4)4 3 58% Sale F Refunding 5s series D Conv g 75% May May 24 71 ..... 18 80 71% 60% 90% J 82 '75% 60 14% 1948 A July Sale Sale 60 J O 79 47 37 23,000 62 Sale 82 89% 20 O Q J 1933 M 8 1995 J D ... Convert 4 Ha Refund 8k gen 5s ser A.. 1st gold 5s Ref and gen 6s, series C P L E 8c W Va Sys ref g 4s 402,000 23 Feb. 71 J 1st 30-year 5s ser B. Austin 8c N W 1st g5s J,305,000 Feb. 70 74 78 63 J 1,000 1,000 Atlantic & Yadkin 1st gu g 4s__1949 A 78,000 323,000 19% Sale J 1946 J Second 4s 308,000 14% 85% 74 Conv deb gold 4Ha 1948 Rocky Mt div 1st 4s A 1965 Trans-Cont Short Line 1st 4s gl958 Cal-Ar|7.1st 8c ref 4Ha ser A 1962 General unified 4 H- 731",000 30 D 28,000 Atlantic 8c Danville 1st g 4s 56,000 17% D D Atl 8c Char Air Line 1st «%• A..1944 J 22", 665 80 J AtlanticClty 1st con guar g4a 51",000 87 ...I960 J Atl Knox 8c No 1st g 5s 9,000 83 76 Conv g 4s of 1905 838/ 78 ,83% 72 75% 71 D Conv g 48 of 1909 Feb. Feb. 83% Jan. 80 "66% "70"" M N Conv g 4s of 1910 554,000 2,000 O 1942 M 8 July 1995 Q J 1995 A O 1995 A O July 1995 Nov July 1995 M N Registered 4,000[ A Mar. 7 81 Mar. 8 May 25 May 63% May 30 May 50 May 48% May 35 May 25 May 15 May 70 May 48 May 31 29 23 31 25 26 26 31 28 24 26 87 Mar. 9 32 71% Mar. 11 96% Mar. 10 79% Mar. 9 80 3 Mar. 82% Mar. 10 26 62 Jan. 71 59 Mar. 12 Jan. 14 88 Jan. 23 66% Mar. 18 Sales in May. Value. Y. STOCK Jan EXCHANGE. Si Battle Creek & Sturgis gu 3a Beech Creek 1st gu 4a Ask May 31. Ask. Bid Bid. Second guar gold 5a... 1907 964 —... A O F A J 574 Sale 44 Sale 44 Sale 564 Sale 45 Sale 45 75 59 544 59 59 704 654 554 70 1962 A O 804 1954 M S 72 J 724 88 29 28 55 45 80 764 May Sale 774 76 764 Sale Vo* 78 Sale Sale Sale 774 Sale 74 81 1969 A 804 Sale 814 95 D j J 75 724 92 934 Sale 80 994 61 j 664 764 794 Sale Sale Sale tty> Sale Sale Sale 84 fl814 Sale 834 844 804 Sale 79 4 Sale 814 Sale Sale 784 Sale Sale 794 Sale ?f* Sale 84 F Sale 93 Sale 984 924 954 Sale 914 Sale 484 Sale 934 Sale 574 Sale 64 4 70 59 82 834 "70"" Sale 66 Sale 674 Sale 65 67 78 4 g 5a .......1954 J Collateral truat 44a 184,000 1,000 CaroCent lat cons g 4a 1960 J 1949 J 72 4 65 79 73 Sale 64 Sale 55 154 39 17 70 17 5s eitulp tr temp ctfa Collateral trust 1938 1st At con d 1981 J Carthage & Adlr 1st gu g 4a 2, 000 10, 000 3, 000 54, 000 Cent Br Un Pac lat g4a.... 1948 J Cent of Ga Ry lat g 5a Not. 1945 F 85 79 d .... 35" "50"" 35 A 67 91 63 46 53 444 "48"" 1959 i A O 25 V Sale 25)4t 35 1959 O Chat Dlv pur money g 4a..... 1951 Mac At Nor Dlv lat g 5s... 1946 Mobile DIt 1st 6 5s J 204 Sale 75 .1946 60 30 96 764 May 75 May 74 May 82 May a814 May 804 May 784 May 0764 May 75 May 93 May 954 May 914 May a474 May Si* May 70 May 644 May 60 May 17 May 2 31 31 40 61 May 10 May 4 794 May 23 804 May 7 794 May 311 794 May 31j 854 May 25 85 4 May 311 854 May 25 824 May 24' 794 May 31 804 May 31 984 May 99 23 May 26 93 May 59 31 May 26 644 May 824 May 31 111 684 May 26 644 May 16, 17 May 29 28 31 24 4 884 Jan. 20 784 Mar. 9 Jan. 11 90 Mar. 28 May 26 May 27 61 Jan. Feb. 26 77 704 Feb.} 6 Mar. 14 75 45 764 Apr. 20 724 Jan. 734 Jan. 4 5 894 834 834 824 Mar. 8 Jan. 2 Mar.- 8 18 90 Mar. 8 804 Jan. 23 804 May 31 90 Mar. 8 75 Jan. 73 J an. 75 May 31 92 Jan. 2 884 Mar. 14 9 Mar. 85 8 834 Mar. 834 Mar. 994 Mar. 8 8 7 2 Mar. 11 13 102 6 934 Mar. 7 5 Jan. 10 Jan. 83 3 7 a474 May 31 11 §A* May 26 70 3 Apr. 6 26 644 May 11 60 12 May 26 17 16 Apr. 27 63 May Mar. 11 Mar. 8 Jan. 80 694 Mar. 10 Mar. 12 Mar. 7 81 88 7 834 Mar. Feb. 19 May 19 10 Mar. 10 29 94 Apr." 14 Feb. 90 59 9 Mar. 80 21 38 59 5 11 834 Mar. 16 86 May 19. "Id"" 35 504 154 60 63 30 16 May 20 May 28 15 May May 10 May 27 May 20 444 May 5 194 "15"" Sale 15 504 26( 204 May 54 40 62 594 40 35 40 45 35 Sale 75 834 Sale 76 1949 76 Sale 1954 67 90 1966 684 Sale 76 80 90 974 1987 Pac lat ref gu g 4a.... May 26 May 27 59 60 15 974 674 98 Registered Through St L lat gu g 4s 854 Jan. May May 534 May 514 Jan. 45 45 47 Jan. Mar. 17 Mar. 16 14 Jan. 13 Jan. 14 May 20 r81 May 28 55 254 Jan. 2 41 15 May 26 38 63 Jan. 16 95 Registered 331,000 Cent 2 6 9 6 J J Cent N K 1st guar 4s 1961 1, 000 Cen RR At Bkg of Ga col tr g 5a..1937 M N J 39, 000 Central of N J gen g 5a. 1987 J General 4s 924 Mar. 10 70 224 D J 574 May 574 May 55 May 59 May 85 ::::: 75 1945 MN Consol gold 5a..... Ref At gen 54a series B_. Ref Ac gen 5a aeries C "70"" 89 94 d Middle Ga Ac Atl DIt pur m 5a..1947 5, 000 974 D g 6s series A.Dec 15 1952 CaroClinch At Ohio lat 5a 2,000 M 28 31 24 19 83 444 734 964 1944 j 24,000 150.000 25 82 80 40 1969 J J 524 60 87 Sale 1968 J Guaranteed g 5s 1970 F Guar gold 44« June 15 1955 J Guar g 44a..................1956 F Guar g 44s 1951 M S .... May May 53 4 May 59 May 93 83 42 197.000 312,000 Canadian No deb a f 7a 1940 156,000 25-year deb a f guar 64a ...1946 113,000 16-year gold 44a Feb. 15 1935 756.000 Canadian Pac 4% dab stock...... Collateral trust gold 44a.....1946 67,000 Jan. 87 80 SjiI© J I Sale Prices. 90 70 1937 M S 1957 91 964 694 41. 000 8.000 Canada Sou con gu & col tr 5a.. 54.000 Canadian Nat guar 44«„Sept 15 194.000 4*a Gold 4^a 206.000 Guaranteed gold 5s.. 132,000 July Guaranteed g 5s 243.000 Oct ..... 86 M Consul 4Ha 1957 M N 3. 000 Burl Ced Rap & Nor & Col ta lat 5a 34 A O Buff Roch & Pitta gen 5a. Highest. I Sale Prices. 90 60 195.5 M N lat g 4^s series JJ 2, 000 1961 6 000 Boston & N y Air Line 1st gu 4a.1955 Brunsw & Western lat gu g4a... 1938 Lowest Highest. Sale Prices Sale Prices. 70 964 ...1944 J Big Sandy Ry lat guar 4s 152. 000 Boston & Maine 1st 5s A C 1st mortgage 5s series 2 111. 000 Lowest Ask 1936 j Beech Creek Exten lat g 3H>-> .1951 a Belvidere Del cons gtd g 3^1. 1943 J 36,000 May 2. 70 1989 j 1936 j RANOE SINCE JAN. 1. 2 1932. Bid. 142.000 196.000 PRICES IN MAY. Price BONDS N. 19 EXCHANGE-BONDS N. Y. STOCK 744 Sale 35 80 May 10 May 10 80.. 80 484 Sale a474 May 31 744 May 2 504 Mar. 31 604 Apr. 18 35 May 10 75 Apr. 14 874 Mar. 7 76 Feb. 17 a474 May 31 504 Mar. 31 73 Mar. 12 50 Jan. 1ft 98 Jan. 16 94 Jan. 12 76 Feb. 17 Mar. 8 85 ... 11 000 45 000 Guar 5a Charles At Savannah lat g 7a 129,000 Chea At Ohio 1st g 5a cons .... General gold 44* Registered 37.660 119,000 Ref At Imp 44* ser A 1939 M N 1939 M N 1992 M 8 M 8 1993 A ....... Ref At Imp 44s aer B w I 1995 10*666 2d j Alt Ry lat lien g General 4a... 70 90 604 J J 40 45 75 J 79 4 83 814 Sale 89 4 78 68 8 70 54 85 994 41 Sale j 8 88 90 864 1977 F A 85 4 824 F A 954 93 97 92 Sale ~ ' 93 4 Sale 75 504 1947 J ... J ...1966 M N J 11 15 12 76 90 344 72 20 83 704 May 13 744 May 3 604 May 31 May 27 994 Jan. 13 85 62 72 79 72 May 27 70 Mar. 31 814 Mar. 16 79 Mar. 14 83 54 Sale 344 Sale 504 90 414 54 23 55 35 204 91 324 1956 J 30 33 734 Sale 73 May 26 834 May 11 Sale 76 27 27 25 31 894 May 79 D 30 60"" "95* 59 May 1989 62 62 71 Sale 60 64 60 May May May May May 10 5 2 2 14 6 274 May 31 38 ~ May 31 42 May 12 394 May 52 May 46 May 6 7 6 25 25 25 Sale 18 79 73 ' 78 Sale 684 "74 Sale '274 Sale Sale 39 424 18 " 18 85 93 Sale Sale 49 49 May 31 .May 19 May 28 60 60 56 52 344 Sale 84 Sale 23 4 Sale 1987 MN Q F 534 81 44 .1987 MN 614 614 67 60 Gen 5s stpd non pay inc tax..1987 MN 1933 M N A O No West gen 34a Registered 4,000 "4",000 8,000 62,000 14,000 22,000 85.000 1,260,000 64,000 General 4a. Stpd non-payt Fed Inc tax._1987 M N Sinking fund deb 5s Registered 15-year secured 64i--Mar 553,000 1936 M lat At ref g 5s May 2037 J r Stpd 1st At ref 44s.....May 2037 lat At ref 4 4s ser C May 2037 j 8 d Registered... Refunding gold 4a ..1988 J 1988 J 28 May 18 May 18, 62 May 2, ... 544 814 May 68 May 50 Apr. 74 May 25 31 22 28 Feb. 10 87 78 Mar. 10 564 Jan. 14 274 May 31 May 31 42 May 12 60 Mar. 8 50 Mar. 8 244 Jan. 14 18 May 31 42 Feb. 24 40 Jan. 9 80 Mar. 9 664 Mar. 8 38 Mar. 14 49 May 31 7 46 36 544 May 11 55 May 2 May Jan. 60 52 May 19 May 28 Jan. Mar. 18 Mar. 12 58 72 714 Mar. 16 9 5 73 Jan. 14 ol44 May 31 24 May 31 244 May 54 May 444 May 26 Sale 36 60 67 714 75 62 72 57 65 63 4 80 55 70 80 62 May 31 504 May 11 50 67 80 804 Sale 434 50 44 A 45 504 60 Sale j ol44 May 31 24 May 31 Sale 794 39 O Mar. 11 894 Mar. 11 884 Mar. 15 884 Mar. 12 994 Mar. 11 704 Feb. 29 164 Jan. 28 42 Jan. 13 114 Feb. 1 444 May 26 61 Feb. 29 36 44 38 1934 A 84 May 27 May 27 59 634 May 12 65 May 5 68 24 36 d j May 26 51 Sale 15 Sale d 1949 MN Conv 44s series A Chic R I At Pacific gen g 4a Registered 155",000 1 70 54 Sale 55 M N ... ............ 457.660 J .1975 P Jan 1 2006 A 73 76 93 62 May 18 May 31 55 at 13 Mar. 11 80 564 10,000 Chic 37~,666 28 70 71 Milw st P At Pac mtge 5s_. 994 Jan. 22 71 May 1989 Conv adj 5s Feb. 20 Mar. 11 86 4 Mar. 11 48 80 52 34a series B_. Gen 4 4s aeries C May 1989 Gen gold 4 4s series fi..Mar 1 1989 Gen 44 aeries F.l ...1989 j 1,020",000' Chic 1,045.000 14 864 824 934 504 124 794 70"" 65 504 May 78 May 814 May 68 May 504 May 74 May Stpd gen 44a non-pay inc tax. 1987 MN 4,000 Feb. May 31 May 31 404 May 11 794 May 9 28 — May 11 374 May 31 734 May 31 35 J 1969 J Sale May 27 70 Sale 684 684 Gen g 21", 000 Jan. 8 954 May 26 103 Apr. 16 974 Apr. 16 98 934 Apr. 16 May 31 "864"May" "2 604 May 31 62 May 27 Sale 38 35 49 May 1966 J Chic Indiana At Sou 50-yr 4a Chic L S At East lat 4 4s g 4a 9 3 Mar. 10 79 May31 72 80 60 7.000 At St P gen May 334 May 25 J 4 86 lat At general 5a aeries A.. 4 774 Feb. May 884 79 J lat At gen 6a series B May May ::::: ~¥m 394 lat At ref 5a series A..........1971 Mil 85 Sale 994 884 744 424 34a.... 1956 Refunding 4s aeriesC 58 98 75 40 1949 lat At ref 44* series B 94,000 Chic 73 4 1949 J .........1958 M Illinois Division 4a 63 62 824 Sale 764 Sale 994 103 j 1941 M Chic At Erie lat gold 5a. 1982 M N Chic Gt Western lat 50-yr 4s 1959 M S J 8.000 Chic Indlanap At Loulsv ref g 6s.1947 J J Refunding gold 5a 1947 J 3,000 Sale 864 Sale O 1989 . 331",000 "i"66o Sale 100 97 75 1934 A O 5,000 Chic At E III lat cons g 6a 520.000 Chic At E III Ry (new co) gen 5a..1951 M N . 1004 80 80 Reg 1 stored 39.000 Sale" 72 ... 102,000 Chic Burl & Q 111 Dlv 34* 125,000 69,000 994 92^ J j 984 J gold 4s Warm Springs Valley 1st g 5a RR ref g 3a 52",000 j 1946 ..... 42,000 Chic At Alt 35,000 Chic At 96 69 954 May 26 103 Sale .1949 J A Dlv 1st con g 4s con O 1989 May Potts Creek Br lat 4a R At » 1946 Craig Valley lat g 5s 35 May 5 334 May 25 95 1936 Registered 88,666 ,6™ 3ft 63 63 304 Sale 674 71 60 734 594 Sale "66" g|K 29 - Sale 634 Sale - 80 554 294 Sale 28 334 14 - 504 May 19 May 25 55 644 May 11 65 May 19 62 63 29 234 84 544 73 Sale Sale 60 ,55 25 May May 224 May 20 May 84 May 544 May 26 2 28 26 31 31 67 70 Jan. 18 11 30 19 25 70 Jan. 23 72 Mar. 30 Jan. 23 85 Mar. 5 75 Jan. 19 26 2 28 26 31 87 Jan. 15 Jan. 15 39 May 31 504 May 60 Apr. 504 May 55 May Jan. May 3 33 May 2 294 May 11 32 May 3 144 May 5 64 May 4 May 25 May 224 May 20 May 84 May 544 May 31 19 May 31 55 83 57 9 46 Jan. 14 46 Jan. Jan. 14 80 Jan. 14 73 Jan. 14 634 Jan. 14 50 Jan. 14 75 Mar. 29 14 58 O ........ Sec. gold 44s series A 1952 M S Convertible gold 44a_.....___1960 M N 50 37 Sale Sale 194 Sale 19 May 31 34 30 Sale 18 Sale 18 30 10 Sale 10 May 154 May 18 154 Sale May 31 May 28 10 May 31 May 28 61 49 314 604 81 603 643 May 28 May 14 62 46 Jan. May 3 Chic S L At N O— 4,000 5,000 June 15 1951 J June 15 1951 J Registered d June 15 1951 J Gold 5a d 474 d 50 O O Registered... 31*606 ........... 644 "404 37 Sale 17 92 Sale ...........1963 J Guaranteed gold 5a 1944 J J 904 Sale 99 Sale 944 Sale ..... Choc Okl At Gulf consol 5a Cln Ham At Day 2d g 4 4>- D J 69 S 86 r Cash sale, a Deferred 1942 MN delivery. 56 95 Sale Sale , 654 Sale 644 May 14 994 May 5 100 May 7 38 May 9 234 May 11 94 May 2 1024 May 13 94 May 964 May 2 105 3 May 31 1094 May 70 56 May 3 May 80 654 May May 9 32 May 15 May 884 May 93 May 32 Man 20 15 May Apr. 93 May 94 May 105 May 56 May 654 May 86 46 28 37 8 94 27 101 99 26 31 1114 79 31 31 874 "70"" 74 74 4::::: 70 89 90 May 6 90 May 6 §5 91 Mar. 4 Feb. 15 85 80 1 4 Jan. Jan. Jan. 15 Apr. Jan. 4 15 Jan. 14 14 5 Mar. 18 Mar. 12 77 77 F Gin Leb At N lat con gu g 4a Sale 105 70 90 F ....... 19 154 Sale 864 Sale 1552 M N J 1937 J Q Registered 154 Sale 964 J Cln Ind St L At C lat 4a...Aug 2 1936 Q % 644 May 14 59 Feb. 454 Jan. 12 994 Feb. 1 1114 Apr. 32 J 1st 5s series B. 4 75 994 Sale 19 May 17 644 May 14 724 50 j 40,000 1st 6 4a aeries C 1963 J 94,000 54,000 Chic At West Ind Consol 50-yr 4s.1952 J lat At ref 5 4s series A 1962 M 25,000 "~7~,666 ' 26 d Chic t H At S'east lat At ref 5a...I960 j Income guar 5a.... Dec 1 1960 M S 89,000 Chic Un Station lat gu 44a A..1963 97,000 954 75 724 994 A Mem Dlv 4a 40.000 d ..............1951 j Chic St L At Pitta cons g 5s 1932 A Gold 34s 11,000 81 Jan. 18 75 Jan. 26 85 77 90 95 ° Mar. Feb. 4 15 Jan. 18 Mar. 29 n. y. stock Sales in f 1932. Bid. 1,000, CIn 208,0001 B w "9,666 1 ---2020 Union Term Ut 4 H>-- 1st mtge 5s ser 17,000 41,000 3,000 1,000 1,000 1903 B—..-.--.--1993 C 1941 Re# A imp 5s series D ——.1963 Ref Almpt4Hsseries E. 1977 Cairo Dlv 1st fold 4s 1939 ClnWAH DiT 1st ft 4s 1991 St Louis Dir 1st coll trust ft *8-1990 M N Spring A Col D1t 1st g «• 1940 M S W W Val Dlv 1st g 4a 1940 J J C C C 8c St L den 4 4s 70 T.ooo 1934 J J CleT Lor A Wheel con 1st ft 5a—1933 A O Cle? A Mahon Valley ft 5s ——1938 J J CleT A Marietta 1st ftu 44" 1935 M N Cle? A Pitts gen ftu 4H« B-1942 A O Series B ftu 34a --1942 A O Series A gu 44«1942 J J Series C gu 34s 1948 MN Series D 34s 1950 F A General 44s series A.... 1977 F A CleT Short Line 1st ftu 44« 1961 A O A O 64 75 634 Sale 70 874 61 ..... 85 71 96 4s......—.1996 Registered .——- -— To",660 Penn coll trust ft 4s...... 25,000 60 yr conr 1951 ft 4s Ser A......—1953 * 1953 76 67 60 414 51t066 *<>27 —1967 -.1975 1955 Genesee R1t RR 1st s f 6s 1957 Erie A Plttsb ften ftu ft 34* se> B 1940 Series C 34s 1940 Ref A Inapt gold 5s ser Ref A imp 5s of 1930 97^ 93h 89 ..... 6,000 80 ..... 56 "56"' 5,000 cons "32",660 Sale 70 Sale 40 s* To",660 —.. 90 104 984 .....40 67 93 65 1961 ... 864 844 '674 Sale" 42 38 68 Sale 394 884 734 724 764 ..... — ---- 80 --— 894 May 27 894 May 27 71 May 25 May 31 May 27 May 26 May 24 May 19 864 May 2 78 May 6 714 May 9 82 May 26 78 May 5 47 May 11 82 80 55 65 344 73 4 674 424 83 4 834 80 ..... 55 42 35 :664 174 Sale 78 87 4 Sale Sale 37 Sale Sale 26 37 63 Sale 87 93 164 May May May 31 May 63 May 87 May 79 844 May 24 174 Sale 20 Sale Sale 29 894 ■41"" Sale" Sale 42 33 66 Sale 35 154 Sale Sale 74 Sale 324 Sale 26 24 2 8 224 ..... 78 98 984 24 2 34 35 84 ..... ..... ..... 100 "984 26 20 29 33 26 31 26 18 27 2 174 May 254 May May 35 May 784 May 87 May 35 884 May 2 3 2 5 9 2 4 "May3l '434 May" 38 May 23 74 May 31 124 May 28 9 46 May 11 164 May 7 26 May 2 35 75 81 73 May 31 96 May 25 100 17 May 19 May 98 14 17 & 68 74 60 72 66 914 80 Sale 80 '654 44 724 Sale 534 Sale 294 Sale 994 100 28 35 28 35 ..... ..... 30 Sale 22 52 ..... 4 77 78 .... 474 4 24 64 ..... 90 45 30 514 40 45 ..... 34 54 94 24 64 44 34 84 94 5 ■ ::::: "964 !T.I "964 90 2,000 Illinois Central 1st ft 4s. 1st gold 34s.. ...1951 1951 93 ..... 60 104 Sale 45 494 534 May 31 69 May 9 44 May 2 994 May 3 25 May 16 22 May 31 994 May 35 May 30 154 May'26 144 May 26 May 27 80 May 25 254 May 7 254 May 6 76 May 31 85 May 3 3 2 May 16 75 32 47 May May May 24 May 3 12 26 13 20 344 May 7 514 May 6 44 May 11 24 May 20 8 May 16 8 May 16 944 81 90 May May 5 6 81 90 May May MN J 20 38 45 ..... 84 May 26 20 May 24 104 May 18 20 May *24 934 May 31 914 May 31 98 Sale 704 Sale 47 Sale 47 May 31 73 61 Sale 61 May May May May May May 624 May 604 May 57 4 May 56 May 804 Sale 59 40 35 ... 40 95 90 M N 54 20 91 F A 824 Sale A O 57 Sale J 80 70 98 Jan. Jan. Jan. 21 14 14 494 Jan. 14 69 70 4 8 Mar. 5 Feb. 29 30 25 89 Mar. 11 Jan. 13 Mar. 12 Feb. 26 15 Feb. 15 Feb. Mar. Mar. 25 22 3 2 Jan. May 16 May 31 29 Jan. - T54May"26 144 May 26 May 27 754 Jan. 75 Jan. 30 Jan. 5 444 Feb. 2 3 May 13 24 May 20 8 Apr. 26 74 Mar. 24 14 Mar. 9 54 49 474 45 56 31 18 12 18 28 May 10 944 May 9 May 494 Jan. 14 Jan. Jan. 13 25 49 93 91 88 Apr. 29 Mar. 31 424 Jan. 60 Mar. 74 Jan. 64 Jan. 17 Mar. 94 Apr. 14 11 23 4 864 Apr. 21 864 Apr. 21 65 Mar. 8 84 May 26 96 Mar. 10 65 Mar. 8 Jan. 26 Apr. 27 Mar. 16 20 63 15 Apr. 924 Jan. 874 Jan. 18 May 24 Mar. 16 Mar. 9 16 a90 Mar. 7 14 99 2 a974 Feb. 29 47 May 31 984 Jan. 61 7 80 4 26 81 "'"May" "5 May May May May May 31 18 12 18 28 Jan. 54 56 49 45 14 87 H 54 14 11 Jan. 14 Feb. 26 Mar. 8 Mar. 11 2 May 26 3 9 2 May 26 5 Jan. 9 20" May 26 20 May 26 20 50 50 Jan. Jan. 16 21 May 40 Apr. 5 864 Jan. 20 May 10 20 10 204 22 May 25 40 2 22 66 72 66 May 26 724 May 17 66 May 26 794 88 854 100 844 95 88 May 18 88 May 18 79 Jan. 844 May" 14 '844 May"l4 94 o804 Mar. 844 May 944 Jan. 94 May 94 May 13 60 May 774 May 9 27 May 464 May 9 77 May 13 77 62 May 31 614 May 95 Mar. 30 294 May 31 484 Jan. 994 Jan. 46 91 854 100 Mar. 95 "53 4 "May 31 Sale 88 8 87 40 30 100 M N Mar. 11 May 26 Jan. 6 Jan. 25 804 ..... ..... 474 504 47 ..... Sale 24 824 254 904 754 100 May 31 Mar. 1 63 494 914 Sale 50 20 J J 5 6 60 84 574 Sale J 7 Apr. 25 73 98 66 94 J J 4 Feb. 29 Mar. 85 64 80 38 May 19 May 31 8 60 44s 95 May 31 May 23 74 May 31 124 May 28 33 38 66 80 Sale Sale J May 24 824 Jan. 84?f 14 14 14 28 8 22 Feb. 20 Jan. Jan. Mar. Jan. Mar. Mar. May 12 May 31 974 944 O 45 414 38 87 11100 83 6 J J 30 31 26 18 27 72 80 764 A 8 May 19 May 31 944 Sale O 29 984 Feb. 29 May 12 Apr. 11 100 May 19 324 Mar. 10 874 854 20 Feb . 17 60 80 MN Jan. 17 29 4 May 31 J A Mar 50 52 85 J 80 90 Sale Feb 29 Feb. May 12 May 19 ..... 95 824 50 61 J 75 9, 574 Feb. 17 24 34 Sale 94 19 704 Mar. 12 26 164 May May May May May 20 4 Sale 924 874 8 Jan. 29 31 63 25 15 J 15 Feb. 68 85 1941 J 93 45 154 20 19 23 25 24 254 76 44 Jan. 844 Jan. 884 Jan. 8 85 124 93 35 26 Sale ..... 18 1034 Jan. 55 82 65 42 26 Sale ..... May 894 May 27 874 Mar. 7 55 414 Apr. 82 24 100 95 71 2 Mar. 39 70 55 75 84 95 "May 27 26 Sale Sale 55 55 80 Sale 234 60 894 80 75 90 1933 4s.......1940 1950 1st mtfte gold 5s series C—...1950 Gulf A Ship Island ref 5s...Feb 1952 con ft ~~ - Sale Oct. 1945 ........ Debenture ctfs B 39 90 94" 1004 994 60 Sale 60 444 Sale Sale 294 Sale 27 May 13 May 31 May 26 85 684 82 70 82 77 May 13 80 60 80 62 30 50 354 Mar. 23 Apr. 21 Mar. 31 944 Jan. a96 89 64 Feb. 22 29 80 52 88 88 89 77 May 13 a88 Mar. 9 Mar. 12 Jan. 29 O Registered "2",000 Extended 1st ft 34* "44",000 Collateral trust gold 4s... 1st gold 3s sterling.. 73,000 1st refunding 4s 45"66o Purchased lines 1st 34* Coll tr ft 4s L N O A T Refunding 5s ... O ....1951 s 1951 o 1952 1955 MN J .1952 J 1953 MN 1955 MN J 15-year secured 64s..........1936 1966 F A 1950 D 40-year 44s Cairo Bridge gold 4s —— 88 Gulf Mob A Nor 1st 54> C*sh sale. ~~ 884 804 92 424 4 1004 Apr. 21 Jan. 9 Apr. 26 97 Jan. 47 J r 89 35 ..... 45 92 "§""15"' 1999 .....1999 Housatonlc RR con ft 5s........1937 "t,6o6 Houst A Tex C 1st ft 5s Int ftu 1937 1937 "t.666 Hous Belt A Ter 1st 5s Houst SAW Tex 1st 5s.. ...1933 1st ftu ft 5s redeem .....1933 "3",000 180,000 Hudson A Manhat 1st A ref 5a A.1957 Adjust Income 5s Feb 1957 266,000 2,000 45,000 542,000 30 "5"" Sale" ......1961 mtfte 54s Ser B.. 1952 mtfte 5s Ser C....... 1973 44s Series D...... 1976 44s series E .1977 Bay A West deb ctfs A... 9,000 Hock Val 1st Registered ---- 25 89 7 744 Mar. 16 714 May 27 35 98 364 Jan. 16 50 90 28 70 19 Mar. 10 714 May 27 494 87 "58~~ — —~ 65 O Greenbrier Ry 1st ftu ft "5", 000 714 May 27 84 96 ..... 61 A Gen Gen TI-- 19 79 35 J Green Jan. MayBl 714 May 27 26 107 ..... M N 1st A refund 44s Ser A Gen 65 2 9 4 59 88 354 A 95,000 Gt Nor—Gen 7s Series A .......1936 J Gen Feb. Mar. 29 7l 13 60 374 774 Sale 994 100 38 41 ..... 18,000 20,000 20,000 102,000 75 714 Mar. 14 85 Apr. 22 Feb. 35 73 4 75 35 1982 M N 1st ftu ft 4 4« Registered Jan. J 1940 A O 194,000 Grand Trunk of Can s f 7s 15-yer deb ft s f 6s guar....... 1936 M S 240,000 Grays Point Term 1st ftu ft 5s ... 1947 J D 65",066 Jan. 99 65 J Extended at 6% to 1934 1946 A Georgia Midland 1st 3s Gout A Oaweftatchle 1st 5s...... 1942 J D ex 77 Apr. 15 504 May 6 284 May 26 59 79 a24 35 - 80 45 SO"" Sale" 1933 5a Ga Caro A Nor 1st 5s 1929 Gr R A I 2 75 May May May May May 754 Feb. 29 7 77 Apr. 754 674 35 1952 M N Frew Elk A Mo V 1st 6s. 1st 63 ;3 1941 54s Ft Worth A Denver City Ga A Ala 714 844 Sale 33 1959 GalT Hous A Hend 1st 5s. To", 600 96 88 Sale 1974 M S Fort St U D Co 1st ft 44s 1,000 ..... 604 35 J 1943 .. 4 May 62 May 46 4 May 804 May 75 734 794 204 Sale Erie A Jersey 1st a f 6s.. 3,000 Fla Cent A Pen consol gold 5s 77,000 Fla East Coast 1st 44s... 1st A ref 58 ser A 60,000 Certificates of deposit. 10,000 1,000 Fonda John A Gl gen ref 44s— (Amended) 1st cons 44« 704 May 75 90 41M 60 454 25 May 3 504 May 6 284 May 26 804 May 4 94 63 A Mar. 10 Jan. 95 M N F Feb. 99 98 864 Sale J 95 98 M N Ser B........ 1953 A do Gen cony 4s Series D 385,000 4,000 45,000 90 J Registered 1st consol gen lien 15 934 May 31 85 61 504 344 Sale 87 4 824 85 15,000 East Tenn Va A Ga cons 1st g 5s 1956 MN 1941 M N 2,000 Elgin Jol A East 1st ft 5a El Paso A S W 1st A ref 5s 1965 A O 1996 J 118",000 Erie 1st con A prior lien 4a.. 4 3 98 75 D 1947 M"S ..1995 J D Gold 4s 1995 J D 13,000 Detroit RWer Tunnel 1st ftu 44s.1961 M N Dul Mlssabe A Nor ften 5s.......1941 J ~38~,666 Dul A Iron Range 1st 5s—......1937 A O 1937 J 1,000 Dul So Shore A Atlantic ft 5s East Ry M No D1t 1st ft 4s 1948 A O Sale 75 76 J 44s Detroit A Mack 1st lien ft 4s May May May 13 70 75 70 80 75 804 Ft D 1st ftu ft 4s. . ..1935 J 99 .... 54 68 71 904 824 904 954 924 1942 1952 1936 —1936 80 95 Sale 574 80 O O 93 100 75 O A 62 May 4 934 May 31 Highest. Sale Prices. 7i""May"3l 70 "66" 93 97 80 Certificates of deposit Do 95 934 Sale 794 304 75 95 Lowest. Sale Prices Sale Prices. 102 Des Plalnes Val 1st guar 24,000 95 984 Sale Sale Prices. 97 93 A 41,000 Cuba RR 1st 50-yr ft 5s 1st A refund 7 4« seriesA 38,000 1st lien A ref 68 series B 20,000 1943 M N 164,000 Del A Hud 1st 4s tax ex N Y 2,000 20-year conTertible 5s.... 1935 A O 37,000 15-year 54s 1937 M N Del RiT RR A Bdfte 1st ftu ft 4S..1936 F A 1936 J 174", 000 Den A Rio Gr 1st cons ft 4s.. Consdl gold 44s..— 1936 J 48,000 339,000 DenT A R Gr West ften 5s Aug 1955 F Ref A Imp mtfte 5s ser B....... 1978 A 95,000 1,078,666 Ask. Highest. 100 A - 94,000 Cuba Northern Rys 1st 54« 78 Lowest. May 31. Ask. Bid. Bid. 93 99 6a 56,000 Cley Union Term'la 1st • 154* A. 1972 1st s f ft 5s series B guar—...1973 56,000 1st s f guar 44s ser C 146,000 1977 20,000 Coal R1t Ry 1st ftu 4s 1945 31,000 Colo A Southern Ref & ext 44«--1935 General mtge 44» series A 1980 49,000 Col A Hocls Valley 1st ext ft 4s 1948 Col A Tol 1st ext 4s 1955 Conn A Passum RIts 1st ft 4a 1943 Consolidated Ry non-conT deb 4s 1954 Non-cons debenture 4s JAJ 1955 Non-conT deb 4« AAO 1955 Non-conT debenture 4s_. 1956 Des Moines A 97 1004 Ref A imp 6s series Clev Col C A Ind gen con Ask 5i-IQ43 General 5a series "3",000 May 2. Q9 "954 -2020 £ Clearfield & Mahon let fitd ft " RANGE SINCE JAN. 1. Jan. 2 EXCHANGE STOCK PRICES IN MAY. Price bonds May, Value. exchange—bon ds C Deferred delivery. 30 47 43 60 59 Sale 314 64 454 Sale 41 374 55 65 Sale 50 45 62 67 424 Sale 55 56 34 60 60 Sale 614 May - 25 ..... 36 Sale Sale 4 30 35 May 31 May 24 484 May 46 May 26 May May May May 434 May 6 55 May 17 61 May 7 344 May 7 4 62 May 31 67 56 Jan. 35 May 31 May 24 Jan. 15 26 May 26 46 Jan. 524 Jan. 60 Apr. 824 Jan. 18 19 15 30 15 40 30 55 55 Sale 35 19 194 Sale 484 26 17 31 31 35 19 50 6 May 31 May 31 Apr. 30 52 56 Jan. 14 Mar. 18 N. Y. STOCK Sales in Price BONDS May. Value. NT. STOCK 21 EXCHANGE—BONDS PRICES IN MAY. RANGE SINCE JAN. 1. Jan. 2 EXCHANGE. May 2. 1932. Bid. Ask. Bid. May 31. Ask Bid. Lowest. Lowest. Ask Highest. Sale Prices. Sale Prices. Highest. Sale Prices. Sale Prices. 50 42 May 18 May 25 50 May 16 Illinois Central (Concluded) 000 Litchfield Dl? tat g 3a Louis? Di? At Ter a 34« Omaha Di? 1st g 3s 006 St Lou DI? At Term g 3s Gold 3Hs 1951 IV* 26 1953 1951 75 . 744 1951 - 434 304 tlH::::: 35 50 ..... 40 42 May 18 May 25 45 May 18 May 25 50 May 16 50 May 16 53 80 35 51 354 79 50 514 514 85 41 43* 38 40 44" series C 1963 fnd Blooming ton Ac W 1st 4a....1940 38* 49 94 384 754 Ind 111 at la 1st gold 4s 63 85 63 1951 Western Lines 1st g 4s ..1951 Registered Ill Cent 75~66o ser 1963 A 1950 85 Internet at 1952 Gt Nor 6s 1st 6s series 464 Sale 17 A..Julj 1 1952 1956 J 14,000 1st gold 5s series C 1956 61,000 Int Rys of Cent Amer 1st 5s ....1972 1st col trust 6s. 27,000 .......1941 17,000 First Hen Ac ref 14a 1947 4,000 Iowa Cent 1st gold 5s 1938 35 F A 19 28 J D 24 24 4 6 D 1987 J Kentucky 8c Ind Term 4H« Stamped 1961 J 5a 2nd gold 5s 64 694 714 70 65 1997 J ...1997 J Leh Vail Harbor Term 1st 6s 73 75 95 80 62 4 54 32 614 534 63 1941 A O 98 1962 M N gold 6a........1935 A 1932 D .....1949 M 1934 J 8 D 9 45 79 May 10 1940 J 30,000 75,000 1st 8t ref 5s series B....... 1st 8t ref 44s series C 54a seriej A. §?a -95.. J J 1014 404 Sale 714 75 984 814 Sale Mar. 29 6 ?: 874 70 Sale 844 40 534 May 24 Mar. 9 60 30 50 Jan. Jan. Jan. 484 Jan. 14 14 14 14 Jan. 9 504 Jan. 12 Jan. 28 64 26 54 Feb. 13 34 Jan. 11 4 Mar. 15 80 Mar. 9 364 May 31 70 Jan. Jan. 714 Jan. 874 Jan. 68 Mar. 70 16 20 14 25 29 69 Mar. 15 76 Mar. Mar. 67 May 874 Jan. 65 55 .....32 33 66 13 90 Mar. 21 59 35 Feb. 63 Feb. 23 65 Mar. 23 84 May 10 May 27 Apr. 15 90 Mar. May 10 61 May 24 794 Feb. 19 95 Apr. 30 101"* Feb."9 434 May 18 51 May 21 90 May 3 37 42 70 38* 37 42 84 90 May 10 May 27 May 3 61 61 May 24 70 85 65 May May May May "78" 82 Sale 994 100 36 Sale 734 90 95 834 Sale 81 Sale 41 33 694 994 734 70 Sale 89 May 5 98 Feb. 98 Feb. 18 74 4 May 18 704 Feb. 80 Mar. 18 ----- 78 92 "604 70 100 19 ..... 90 70 Sale 70 1004 100 Sale 19 20 75 31 a76 17 1004 31 364 May 6 May 6 May 17 May 2 Jan. 95 Mar. 10 65 May May 80 Jan. 70 82 Mar. 31 99 Jan. 90 May 66 Sale 66 May 80 May "54" Sale" 54 May 604 Sale a55 May 444 Sale 444 May 5 31 6 28 21 31 90 May 844 May 5 3 81 May 3 63 4 May 6 604 May 31 544 May 10 19 May 50 Feb. 16 Jan. 75 Feb. 1 96 Mar. 24 90 May 66 May 764 Apr. 54 May a55 May 444 May 31 16 28 21 31 704 Jan. 50 45 Jan. 84 84 81 Feb. 614 Jan7'l8 664 534 70 65 55 Sale 100 84 Mar. 10 78 Mar. 11 754 Mar. 14 38 744 — 87 55 884 Mar. 9 824 Jan. 15 93 80 ... 22 1004 Mar. 15 73 734 94 101 59 7 824 Jan. 80 50 8 5 93 ..... 904 Mar. 29 84 55 45 90 90 81 794 624 ----- 9 3 May 10 May 26 May 16 May 3 May 10 May 26 May 27 704 804 834 Mar. 11 5 684 May 31 60 71 53 97 4 26 3 804 Apr. Apr. 4 1 Feb. 3 56 81 §1"" Mar." 10 101 534 Sale 524 ..... 52] 58] May 14 May 16 534 May 31 May 2 65 504 Apr. 16 64 Feb. 20 52 4 65 May 2 704 May 6 May 19 May 26 77 Jan. 7 42 Jan. 97 .1941 J 70 60 74 77 95 73 75 76 42" 82 90 5 74 74 F 8 15 Q F .... 1938 J J 1938 J J ......1946 J J 25-year g 54s.. 1949 M Cent 8 1978 J 1st ref 54s series B J 1941 1949 2,000 Mississippi Cent 1st 5s 22,000 Missouri-Illinois RR 1st 5s ser A. 1959 ..1990 66,000 Mo Kan Ac Tex 1st g 4s.... 37 50 21 26 20 18 144 20 al3 40 46 37 45 72 85 15 25 18 Sale 69 Sale 58 Sale 624 674 57 52 68 54 56 Sale J P 42 514 1975 M 1st 8c ref 5s series F... 1st Ac ref g 5s ser G 1977 M 8 1978 M N Con?ertlble gold 5 4s 1st ref gold 5s series H 1949 M N 1980 A 1st at ref 5s 1981 504 Sale Sale Sale 49 Sale 34 O M A July 1938 J N Mobile at Birm prior lien g 5s ...1945 J Small J 324 Sale 484 Sale 504 Sale J ...... 474 57 ..... 95 J .* J J J 85 384 37 38 554 25 28 13 3^ 28 Jan. Apr. 14 May 23 24 Feb. 3 4 May 21 1 Apr. 20 34 May 21 6 Feb. 10 24 Jan. 8 Mar. 18 8 Jan. Mar. 18 5 Mar. 18 42 51 72 May 20 5 554 May 31 72 14 4 May 23 May May May May May May • 11 5 May 11 37 224 May 13 444 May 6 13 May 27 a50 May 28 39 40 Mar. 22 22 18 May 4 May 12 31 Jan. 654 Mar. 11 May 4 134 May 17 al3 50 45 May 2 5 Jan. Feb. 14 16 514 Jan. 224 Jan. 18 29 Mar. 18 764 68 General 4s delivery. Sale 35 45 O 43 13 Sale 52 1967 A 34 May 21 4 May 21 1 May 20 27 28 26 4 12 24 37 24 43 29 ..1978 J ................. 87 72 384 Sale 72" "80"" J ........1945 50 5 45 5 22 22 694 May May 25 May 26 75 Jan. 11 714 Mar. 8 694 May 5 5 24 May 261 4 May 211 1 May 20 35 J J I i* 52 50 424 Sale 29 May 6 May 25 May 26 75 5l"-May~23 424 134 73 52 42 14 J ..1962 J 1965 8 14 D 40-year 4s series B.. 1st 8t refund 5s series A 24 34 14 J Prior lien 5s series A......... 1962 J Jan 59 33 4 50 20 6 May 19 May 26 744 J Mlssour-Kansas-Tjxas RR— 704 May 45 MN J 4 42 39 Term f 4s.... 14 84 J 1938 J 5s gtd as to Int.. 10 45 88 ..... 694; J Ni • 73 75 42 674! 744 1962 Q Certificates of deposit.. 50 90 68 M N Vf St P 4t S S M 4s stpd. 1st cons 5s 704 78 98 ..... 8 Ref 8c ext 5s series A May May 4 Deferred 754 May 11 67 May 3 May 69 2 a 60 684 May 31 67 May 3 89 62 0: Small.. 534 May 24 Sale 75 5 Sale 1949 M Cash sale, 58' 50 684 58 2 100 704 Temp ctfs of deposit.... 1st 8c refund gold 4s Mortgage gold 4s 74 75 May Sale 1947 M vlilw 8t State Line 1st guar 34s..1941 3 Minn 8t St L 1st cons gold 5s 1934 M 4% 46 75 May 60 6.00C Mil Spar 8t N W 1st gu 4s Mo Pac 3d 7s ext at 2 364 May 31 364 May 16 354 May 31 34 May 19 78 May 31 68 95 744 S 1st gold 34s 1952 M N Ref 8c Imp 44» series C 1979 J J 29,000 5,000 Midland of N J 1st ext 5s .......1940 A O Mil 8c Nor 1st ext 44s (1880) 1934 J D Cons ext 44s (1884) D 1934 J ser May 31 89 2003 5,000 Pr lien mtge 44s ser D Sale 364 May 31 46 May 11 May 16 524 May 5 844 May 6 56 98 58 Mex Internat 1st 4$ usstd 1977 Mich Cent Mich Air Line 1st 4s.. 1940 J Jack L at S gold 34s J..1951 M Cum adjust 5s series A Missouri Pacific RR Co— 92 874 2003 34s s r. Mar. 87 75 79 Manila RR South Lines 1st 4s...1939 M N 1st ext 4s 1959 M N Manlto S W Colonic g 5s 1934 J D Man G B A; NW 1st gu J J 1st Chic Term Mar. 15 93 99 Montg 1st g 44a 1945 M S South Ry Joint Monon 4s J 1952 J Atl Knox Ac Cin di? g 4s......1955 M N Mahon Coal RR 1st 5s... J 1934 J MStPAcSSMat 4 May 16 89 J Mob 8t 3,000 11,000 May 31 2 May 25 134 May 27 20 May 17 244 May 17 274 May 27 18 Apr. 11 24 May 25 Apr. 9 87 75 Paducah 8c Mem Di? 4s.......1946 St Louis DI? 2d gold 3s. 1980 14,000 16 85 56 5s Interim rects..............1941 cons 294 May 2 54 May 10 25 May 10 23 May 12 33 May 2 314 May 4 18 May 17 3 May 25 Sale 754 ...2003 1st at ref 6s series A 31 25 27 17 17 27 17 25 May May 134 May 20 May 244 May 274 May 18 May 24 May 95 75 1937 M N 1st 8t ref "72 4 944 82 8 1st May 10 80 69 lou at Jeff Bridge gu g 4s......1945 M 52,000 16 2 M 78 18 904 754 N 5,000 Louis? Ac Nash? gold 5s Unified gold 4s 138,000 10,000 Registered..... 374 8 29-year deb 5s................1937 M Guar ref gold 4s. 19,000 1949 M N Sh Bch 1st cons gu 5s. Oct. 1932 Q 26,000 85,000 Louisiana Ac Ark 1st 5s series A..1969 J 48,000 99 D "7*066 r 14 79 66 O ..1938 Deb gold 5s 68,000 755,000 842,000 181,000 720,000 358,000 538,000 14 Jan. 45 364 May 31 364 May 16 354 May 31 34 May 19 87 O 75 37 90 84 1965 A Gold 4s ..... 92 1945 M S Lex ft East 1st gu 5s Little Miami gen 4s series A 5,000 Long Island gen g 4s..... 12,000 10,000 2,000 83,000 684 654 60 47 "50" 74,000 24,000 60 ..... 80 2003 M N cons 4 4s Gen con^ol 5s 4,000 Leh V Ter Ry 1st gu g 5s Lehigh & N Y 1st gu g 4s 1,00c 25.000 Jan. 52 May 10 as J 2003 M N Gen 37,000 26,60c 79 May 384 May 30 A M N Unified gold 4s..... May 10 79 1940 J "9", 066 cons 55 1954 F 2003 M N 28,000 2,000 54 16 lj J 1941 J Registered...... Long Dock 79 364 Sale 354 Sale 35 364 92 20.000 Leh V (N Y) 1st gu g 4 4s 41.000 Leh Val (Pa) gen con g 4s Registered "i"66o 254 May 31 274 May 27 40 78 65 30 1937 J Lake Shore Ac Mich Sou g 34a 14 794 90 ;J 196 B at W 1st gold 5 7 704 584 65 614 Sale 624 77 83 83 4 .....1960 J Sale 24 Sale 134 184 134 40 304 274 Sale 18 204 24 34 7 24 Sale 31 Kentucky Central g 4s ll",606 Apr."27 4 May 16 16 8 33 J April1950 J Plain Sale M N 1951 M Ref 8t Imp 5s Kan City Term 1st 4s... 5 M N J Certificates of deposit........ 1st 8t ref 4s 294 Sale 37 Kal Alleghan at G R 1st gu g 5a._1938 J 1,000 Kanawha 8c Mich 1st gu g 4s 1990 A 52,000 K C Ft S at M ref g 4s 1936 A 152,000 Kan City South 1st g 3s 1950 A "2",066 19 J 244 244 James Franklin 8c Clearf 1st 4s..1959 J 6,000 Jan. 1965 1st mtge gold 5s series B mtge 254 May 31 274 May 27 » 70 95 14,000 Lake 57 7 85 69 1965 AdJ 56",606 4 514 484 Apr. 254 Sale 22 4 26 Sale Ind Union gen & ref 5s A.. Gen 8c ret guar 5s ser B 108.000 125,000 192,000 May 25 80 ....... ref 5s 179,000 "4", 656 Mar. & Chic St L & N O— Joint 1st Indianapolis Be Louis? 1st gu 4s.1956 1,000 55 45 784 75 784 85 50 40 1951 Spring! Di? 1st g 3«s 202, 000 125, 000 50 35 Sale 13 Sale 374 r25 Sale Sale Sale Sale Sale Sale Sale 7 Sale 21 274 Sale 22 12 Sale 7 28 Sale 22 284 Sale 52 844 214 Sale 52 844 95 95 90 ..... 90 75 55 55 69 May 20 May 24 May 2 404 May 26 a464 May 37 May May 23 42 ~~ May 414 May 21 50 13 May 31 26 May 24 May May May May a64 May 22 May 214 May 7 21 22 28 31 31 31 31 31 31 33 14] 33] 33 12] 33] 34 May May May May May May May 6 6 5 7 6 7 7 7 6 6 7 72 5 42 Jan. Jan. 6 4 554 May 31 80 Jan. 6 404 May 37 May 414 May 13 May 26 23 21 31 79 Feb. 26 „ Mar. 2^ 24 28 31 31 31 31 31 31 9 634 Jan. 414 Jan. 60 Jan. 60 Jan. 464 Jan. 13 14 60 60 Jan. Jan. 14 53 Apr. 9 May 20 144 May May May May May a64 May 22 May 214 May 53 Apr. 7 21 22 80 68 694 Mar. 14 60 Jan. 14 13 14 28 13 EXCHANGE-BONDS ■N. Y. STOCK 22 •6* Sales in !? BONDS May. R. Value. Y. a STOCK EXCHANGE. 1932. Bid. 15 M S Montgomery Dlv lat g F A Refunding M S 1938 5s......1947 Ac Improv't <1H« ...1977 Sold 4a Mobile At Ohio lien 41,000 29,000 -—..—1938 Sec 5% notes ¥,666 2,000 74,000 Mont Cent 1st gu g 6a 10 5,000 Const r 70 70 4a....1978 1937 Nash Fla Ac Shaff lat gu g 5a National Ry of MexicoPrior lien 50-year a f 4J4» cash Assent A A 5 No 2 J J J J 1 M N May 6 50 May 4 46 6 2 May 6 56 70 .... V/s 85 102 80 5654 7134 45 34 2034 fta .1954 A First 5a aeries B 28 H 16 1st mtge gold 5s series C—.. .1956 F 1st 414s aeries D. ...w...'-.... .1956 F First 514a series A J..... .1954 A 2434 30 .1998 F series A..... Ref Ac Impt 414s A .2013 A O A Con sol 4s series A O When Issued 73 May .1997 216,000 NYC&HRg mtge 68 18 17 65 9754 6834 Sale 76 Sale Sale 73 Vs Registered 85H 86 66 68 .1998 ; 71 —.76 72 .1998 Mich Cent coil g 314a .1998 Registered........—.--N Y Chic Ac St Louis lat g 1937 4s "75 O 79 94 6 3 24 26 26 26 27 30 May 6154 May 3854 May 2 3 5 6 May 25 May 7 2054 May 13 2554 May 12 25 3534 May 28 5834 May 24 32 May 26 32 May 25 37 May 31 a68 May 31 7054 May ----- 5954 53 Jan. May 24 3934 Jan. 18 Apr. 29 May 26 41 Jan. 13 3954 Jan. 4434 Jan. 45 Jan. 8254 Feb. 9454 Jan. 26 14 17 18 __ 1834 May 26 19 May 27 55 May 27 75" "May" "2 Apr. 6 6754 Mar. 15 55 May 27 Jan. 66 59 59 May 5 May 10 62 59 63 54 64 64 May 2 64 May 11 May 10 May 2 6334 May 13 65 May 10 2254 May"26 1454 May 31 1254 May 31 75 May 19 6734 May 27 35" May"*7 May 10 May 2 6434 68 ' 52 Sale 6% gold notes Refunding 514* series A A O 25 Sale 25 Sale Refunding 434® aeries C M S 2054 Sale 1854 F A 82 Sale 7534 Sale 88 65 F A 91 92 7754 III" 78 "2454 Sale" M N 25 M N 70 1973 M N N Y Lack Ac West ref 434® B 4a—...1941 4a 1939 M N M 7754 27" sale" 23" Sale" 1454 Sale Sale 7254 55 6734 13 7554 "30" "7554 M S M io"666 6854 75 - 6834 Sale 72 83 ----- May 7 2054 May 7 7554 May 4 68 May 26 23 69 6854 May 31 75 May 3 r82 s May 27 May 25 52 60 70 30 70 58 57 45 7434 30 50 5054 5634 56 68 50 60 40 Sale 54 92 45 52 Registered...— J J Collateral trust 6a 1940 A O Debenture 4a ———1957 M N lat Ac ref 434® ser of 1927 1967 J D Harlem R Ac Pt Ghea lat 4a....1954 MN ... 5s Nord Rya extl a J F 3054 MN O 9654 A 13 .....1944 1941 UN FA A O A J J D ref 5a A 1974 A atpd_.1974 M A Calif guar 5a Pacific Coast Co lat g 5a 4,000 Pacific RR of Mo 1st ext 4a Id extended gold As.*.,w 85 ..... 7154 4754 1 6354 May 13 82 Jan. 2254 May 26 1454 May 31 1254 May 31 75 May 19 67 34 May 2 74 54 "Mar." 1 II 4654 Mar. 11 40 Miar. 10 88 Mar. 8 93 Mar. 17 77 6854 May 31 75 Feb. 10 r82 Mar. 1 May 25 Sale 78 5 35 ----- 60 3134 44 92 Sale 1354 70 8954 20 1954 98 60 Sale 88 10034 10234 56 Sale — 10 3954 31 Sale 10234 10334 102 54 Sale 8934 Sale 1, 7834 Sale 9254 Sale 91 Sale ...i - 97 70 66 «88 I Sale 8054 9934 85 45 7934 Sale ----- 10054 J J J S D O D J 57"" Sale" 1938 J ..... 82 9454 J 72 J Sale 74 3834 Jan/ 6 6 35 Apr, 8 46 7754 Jan" *6 *77 54 "Jan"" "6 30 May 3134 May 2 30 May 2054 May" 14 25" 2 2054 May 14 3 May 31 May 24 May 16 33 10254 May 31 10354 May 10 May 5 7834 May 31 ?91 86 86 May 12 May 12 a88 9354 May 13 May 31 May 10 84 May 27 91 6554 May 31 50 May 27 48 May ~6 5034 Sale ^ Sale 6954 6754 47 Sale 45 31 3 Jan. 15 3934 Jan. 9254 Feb. 62 Jan. 10554 May 2054 Jan. 2 12 21 29 54 Jan. 30 May 19 9634 Jan. 2 5 May 27 31 50 Feb. 26 10354 May 10 9254 Mar. 15 86 May 12 9354 May 13 9254 Mar. 15 9934 Apr. 19 May 101 Feb. 7834 May 8054 Feb. Jan. 87 19 84 May 9934 Apr. 5734 May 11 31 31 26 26 60 4 54 49 May May May May 55 May 26 May 5 May 3 86 May 77 23 12 19 28 8154May"i9 8054 May 11 54 May 6934 May 9 96 8254 27 7534 26 63 5454 4 76 31 9054 31 54 May 26 78 49 May 26 78..10054 Mar. 7 10054 31 6554 May 50 May 48 May 50 Apr. 38 May 45 May Mar. 11 Apr. 16 Mar. 5 Feb. 13 Mar. 11 Mar. Mar. 8 5 Mar,. 11 Mar. 7 10054 —--- 49 7934 May 2 64 May 25 86 49>4 4834 _ 28 92 30 38 31 40 3934 86 Mar. 5 49J4 Mar. 12 86 May 3 90 85 86 85 81 85 95 9454 J 6 May 47 Sale 95 89 May 38 80 —— Mar. 22 Jan. 22 52 45 6554 Sale 9754 45 83 Mar. 10 40 "5754 "60" 6854 83 May 31 May 23 45 ~~ 96 M J A J J 89 10254 85 70 75 76 4934 May 31 75 May 5 55 May 27 37 May 31 42 May 27 68 Apr. 26 6634 Mar. 9 Mar. 9 Mar. 16 Jan. 14 95 Mar. 21 92 Mar. 9 94 Mar. 11 59 Jan. 12 77 55 - 40 7854 75 May 4 May 19 48 Sale 10334 Sale al0234 May 3 10554 May 21 5 854 May 12 11% 534 May 27 Sale 31 7954 Sale 5 27 31 27 17 98 60 48 103 7 68 58 61 65 Sale 44 31 13 May 3 May 5 8154 May 3 37 May 31 6034 May 2 70 May 17 31 a81 70 Sale 65 25 69 67 51 Apr. 3554 May 4854 Apr. 40 May 42 May 4034 65 60 4934 May 75 May 55 May 37 May 42 May 70 May Mar. 5 Mar. 31 Mar. 12 Jan. 28 18 19 14 4554 May 9 55 May 14 52 May 13 36 Sale 45 Sale 38 50 "6254 "74" 1946 J D ..1938 F A Deferred delivery. Sale 65 80 Ogden At Lake Gh lat guar g 4s..1948 J 1943 1936 4,000 General gold 5s......— 1937 1946 ~I"9",666 Oregon RR At Nav con g 4a 15,000 Oregon Short Line 1st con g 5a..1946 Guaranteed con 5a • .....1946 32,000 189,000 Oregon-Wash 1st At ref 4a—..—.19*1 Sale Sale 70 90 1938 lat 4a RlVer RR lat g 5s 37 42 78 85 9154 O Ohio Connecting Ry a 88 8 1945 8 239,000 Northern Pacific prior lien 4a...1997 3,000 Registered 1997 Gen lien ry At Id gt 3a 208,000 Jan 2047 Registered ...Jan 2047 Ref Ac Impt 4 Ha Series A 32",000 2047 Ref Ac Impt 6a Series B ...2047 438,000 Ref At Impt 5s Series G 2047 1,000 Ref At Impt 5a Series D 2047 7,000 North Pac Terminal lat 6a 1933 Cash aale. 23 10254 —— O J M Gen Ac ref 434a series r 51 52 F Northern Ohio 1st guar g 5a Ohio 7754 3154 A Pocahontas C Ac G Joint 4a Northern Ry of 43 ..... F 5554 Sale 6854 78 O J 50 82 47 Sale 72 Sale Sale Sale 85 40 50 3554 May 19 50 May 5 40 May 31 45 a7934 7054 52 95 56 40 A 50 6054 ...1950 Dlv lat Ac gen g 4s .... 7934 3654 6034 A....1961 f 634a Norfolk South lat Ac ref 5s North Cent gen Ac 8354 J 1941 6,000 Norfolk At South lat g 5a 15,000 Norfolk At Western lmpt Ac ext g 6sl934 303,000 Norfolk At West Ry lat con g 4a—1996 1,000 Registered... ...........-1996 79,000 17,000 M S 5154 89 J 1946 6854 Apr. Mar. 10 56 63 70 5154 5634 N Y Westchea At Boa lat 434® 70 5054 51 Terminal lat gold 68,000 214,000 20,000 Mar. 9 Apr. 21 9254 Mar. 10 8254 Mar. 24 7234 Feb. 19 75 —— 52 General gold 5a 72 Jan. 21 7834 Mar. 31 8 ....1947 M S 1947 A O 1954 A O J Non-conv debenture 4a ...1955 J Non-conv debenture 4a....... 1956 M N J Convertible debenture 334®—1956 J J Convertible debenture 6a—..1948 J .1937 —1940 ........1943 Jan. 14 8034 Mar. 10 72 Mar. 9 1 334® Second gold 4 >4 a 14 2 21 92 20"~ "7554 Non-conv debenture 334® 146,000 N Y Ont At West lat g 4a—June 1992 General 4a 1955 7,000 N Y Prov Ac Boston gen 4s 1942 N Y At Putnam 1st con guar 4a..1998 1937 3,000 N Y Suaq At West lat ref g 5a 4 Mar. S Non-conv debenture 4a Non-conv debenture 66 70 O 1932 ..1974 1978 Y Connecting lat gu 414* A—1953 1st gtd 5s series B 1953 Y At Erie 1st ext g 4a 1947 3d ext gold 4 34® 1933 Y Ac Greenw L guar g 5s...—1947 Y At Harlem g 334® 2000 5654 Jan. 8454 O N Y At Long Branch gen 4,000 6 78 62" "May" 11 N Y New Haven Ac Hartford— 1,000 34,000 1,000 106,000 26 Jan. 69 68 Sale A N Y At N E Boston Ter lat 151",000 29 6434 76 28 May 60 68 Sale 67 A Registered 25,000 23,000 12,000 6 26 7554 May 11 3254 Sale 3854 Sale Sale 28 154 Apr. 13 30 7254 May 50 May 50 May 52 May Sale ..... A 16 9454 Jan. 21 3554 May 28 5854 May 24 32 May 26 32 May 25 37 May 31 78 64 3 Jan. 80 6534 59 254 Jan. Feb. 1 89 32 Sale 81 65 J .1998 154 May 13 20 60 .1942 J 2""May""6 9734 3834 5754 Sale 50 2 6 6734 5154 Sale 2 Jan. 6 I?i Jan. 16 7054 Sale 7154 Sale 50 Sale 67H 6834 .1934 M N 4s 30-year deb 4s of 1912...— Lake Shore coll g 314* 31 20 89 86 Sale 18 24 Sale .1997 Registered... May May May 18 May 18 May 1834 May 19 May 61 15 89 Sale 26 30 20 9734 9434 86 25 84 35 7054 Mar. 11 7134 60 Sale 3554 4 7954 Apr. "76" 84 Sale May 26 28 154 Apr . 2 75 7254 ..2013 A O Ref Ac Impt 5a series C..... 40 ::::: 24 N O Tex Ac Mex non cum lnc N 82 67 a89 1 "30" Sale" 6134 N 2 9 134 36 70 N May May 9354 May 7 May ' 7 May 5 May 31 82 May 7 6634 May 28 134 May 13 74 M Sale 35 N a89 "154 " 2 " 154 7154 ----- 65 397",000 13 5 1 2354 Jan. 28 Jan* 27 7534 Jan. 4 93 Apr. 27 90 Jan. 8 7334 Mar. 8 86 Feb. 15 8234 m "2" 35 2,000 3,000 73 May 26 154 .1935 A Debenture gold 4 46 65" 154 .1953 J 17",000 May 55 88 1st 4a.....—.. .1986 F .1952 J A 166",666 70 57 50 New Orleans Term lat 4a N O Ac N East ref 4H« ... 6,000 22,000 Sale 6 .1445 J Npt 5c Cln B (Jen gu g 414a N Y Ac Bklyn at M B cons g 5a__ .1935 A .1935 M N 123,000 N Y Cent RR conv deb 6s 154,000 191,000 17,000 5,000 75 "l34 "2" on 1945 119,000 243,000 342,000 509,000 68 Sale 9654 o89 Sale 70" 12 934 May 25 lien g 4H« ...1926 Cona guar 4s. N J June R gu 82 73 91 73 72" 9454 4 on Flut cons gold 4s 1951 Assenting cash warr rect No 4 on 2,000 Naugatuck RR 1st g 4a 1954 New England RR cons 5a.....-.1945 5,000 91 Sale 654 May 27 954 May 25 Apr. 25 May 31 82 May 7 6654 May 28 86 Feb. 15 70 Feb. 12 634 May 27 O 5634 / lsent cash warr rect Not 10,000 3,000 22,000 52,000 34,000 14,000 68,000 Sale Prices. 74 74 9354 94 A 1977 receipt warr Nat RR Mex prior Sale 54 82 Highest. Sale Prices. -J957 Guar 4a Apr 1914 coupon 3,000 F F No 3 on recta warr 12 4954 634 Sale 7 934 6954 Sale 87 D Nashville Chat At St L lat Assent 20 Lowest. Sale Prices 52 1254 _... 97 1955 MN B w 1 .......1955 MN M 4Hi ser Sale Bid. Highest. Sale Prices. Ask. Ask. Bid. J J Constr M 5a ser Awl i¥6QO Ask. 52 74 % Lowest. May 31. May 2. 75?i M S 1937 —W®® 5a........ 5 Essex lat gu 3H> lat guar gold Morriff 12 34 M S 4a......1991 1937 Mohawk Ac Mai lat gu g " RANGE SINCE JAN. 1, PRICES IN MAY. Price Jan. 2 9754 71 18 1954 18 81 90 79 78 86 --- 75 90 Sale 7634 22 83 94 86 85 9634 95 66 61 May May May May 80 May 11 94 54 - - 3 18 79 9254 May 18 97 54 May 2 7254 May 12 9154 Apr. 27 May 11 Feb. 11 18 22 74 88 7834 Apr. 12 7834 87 77 May 23 99 88 May 12 9434 Jan. 2 100 61 May 28 83 80 85 /■ ■- Jan. 13 Apr. 12 Jan. 22 Jan. 16 Jan. 13 Mar. 22 195f Mar. 10 90 93 19 Mar. 18 Jan. EXCHANGE—BONDS N. Y. STOCK Sales in N. Z. STOCK RANGE SINCE JAN. I. Jan. 2 KXCBAMOS. f 4%«_. .1955 J ■ 631,000 Parls-Lyons-Med RR 6s 173,000 Sinking fund extl 7i 260,000 Paris-Orleans RRExt • f 3,000 Paullsta Ry 1st Be ret 7s .1958 F i A Ask. Sale" 101% 104 1958 M S 96 1968 M 1943 M . Ask. Bid. Ask 91 90 Sale 103% Sale Sale 103% Sale Sale al00%Sale 45 65 46 Bid. 65 95 92 May 31. May 2. 1932. •Sja- Bid. Paducah Ac Illinois lit PRICES IN MAY. Price BONDS May. Value. 8 94 Sale 8 50 55 56 68% M N 88 73% 91% M N 88 M N 82 97% a98 , Lowest. Lowest. Highest Sale Prices, i Sale Sale Prices. 93 101% May 10 104 101% May 26 104% 98 May 2 103 46 May 10, 56 May 17 May 12 May 21 May " May May May May May May May May 10 31 12 11 Mar, 29 91 Jan. 98 Jan. 88% Jan. Jan. 68% Apr. 41 Highest. | Prices Sale Prices. 95% Jan. 11 May 17 4 104 5,rl04%Mar.29 26 103 May 21 13 65 Mar. 17 18 78% Jan. Penn Ohio & Detroit RR— 2,000 1st 8c ref gold 4%s series A.... .1977 29,000 Penn RR consol gold 4s 1943 82,000 Consol gold 4s 1948 60,000 1948 Stamped dollar bonds 138,000 Consol 4%s Issue of 1915. I960 229,000 General 4%a Series A 1965 103,0U0 General 5a Series B 1968 383,000 1936 15-year secured 6^s Registered. «... . A O 89 89 94% 99% 81% 90% 79 D 88% F A 98 80 93% Sale 85 58 98 Sale 75% Sale 70"" Sale" "55% Sale" Debenture gold 4%b_.„ 66 General 4%a series D 1981 A O 70% Sale MN 1941 F 30 A .1956 J .1956 J .1980 M General 5s Series B .1974 F A .1977 J J O Sale 50 87 42 .1942 A O 1,000 I i 37,000 .1942 MN 1'RRR Pitts McK 1.000 1 — —. .1970 I D .1975 A O .1977 J J J J 5c Yough 1st guar 6s...1932 15 Jan. 14 13 13 20 6 Sale 96 20 70 68 65 65 42 25% 2% 33 35 30 32 52 34% 89% 85% 78 67 May 13 May 5 39 6 21 89 May May May May May 27 27 25 25 26 May 27 52% May 7 52% May 6 47 May 2 91 May 2 - 88% 95% 92% 95 ..... 95% 92 96 95 78 90 18% May 4 20 May 7 92% 91% 100% 98% 40 Jan. 9 2% Apr. 28 65 Feb. 9 79 33 35 May 27 May 25 May 25 86% Apr. 16 30 Jan. 16% Apr. 55 Mar. 8 Mar. 11 2% Apr. 28 69 55 58 Mar. 10 Mar. 9 Mar. 9 Mar. 3 91% Mar. 24 a92% Feb. 6 80% Jan. 21% Jan. 17 100 9 23; 92 Feb. Mar. 211 Feb. 26 11 17 96 Jan. 13 96% Mar. 19 94 Mar. 21 80% 78% 86% Feb. Sale 84 79 81 % May 20 84% May 31 84%May"31 52% May 31 May 13 76 90 81% May 20 Apr. 1 84% Apr. 25 60 - 100% 5 99% May 5 99% May May 12 May 12 100 100 65% 100% J 26 73 73 13 93 Feb. 52% May 31 May 13 74% Jan. 8 May 11 May 13 73 Jan. 80 80 52% Sale — 8; 90 87 81% May 20 78 84 83 103 99% May 83% Mar. Apr. 90 Feb. 1 1 17 Apr. 9 92% Jan. 16 94% Mar. 14 85% Jan. 27 5 100% Feb. 17 Mar. 12 100 Mar. 12 Mar. ::::: ~§9"~ "65*" inn 92% May 27 92% May 24 Feb. 23 94 ..^■v90'%: 74 93% J .1943 J First consol gold 5s Pitts Va 8c Char 1st guar 4s.... 1943 MN Pitts 8c West Va 1st 434s ser A D .1958 J 92% May 19 92 May 28 77 86 O 95% 92 95 98 81% Mar. 11 77 18% Sale 86% ..... 78 57% May 27 55% May 20 96 ..... 18% 57% May 27 55 % May 20 57% Sale Mar. 15 100 .1940 A 100 ... .1959 A O 1st gen 5s series B 1962 F A 1956 M S 1951 A 1997 I J Richmond 5c Mecklenburg 1st 4s. 1948 M N guar 5s.. 1952 J Rio Grande June 1st guar g 5s.. 1939 J Rio Grande Southern 1st g 4s»— 1940 J Guar (Jan 1922 coupon) 1940 J ------1Richmond Term Ry 1st J 1st g 4s.... 1939 5c coll trust 4s aeries A. 1949 A ic'RRR R'° Grande Western con 31,000 Rock Isl'd Ark 5c Louis 1st 434S..1934 2,000 Rutland-Canadian 1st guar g 4s. 1949 Rutland 1st cons 95 60 35 60 55 15 45 Jan. 4 62 ..... 59 44 46% Sale 47 Jan. 27 40 42 Apr. 30 59 56 7 53% Feb. 25 56% Mar. 10 76 86 ..... "65" "I" O J 1997 J Gen & ref 434s series B_. 'Rensselaer 8c Saratoga 1st gu 6s. 1941 M N lat 45 45 ::::: "§6% 88% 88% Apr. 11 89 2 75 May 5 79 Jan. 8 Apr. 20 1957 M N 13,000, "4"66O Jan. 88 Feb. 91 21% .1934 J Read Co Jersey Cen coll g 4s Gen A ref434s.. 26,000. 11 79 55% May 31 "70" "May" 2 May 2 32% May 31 56 47 9 May 28 69% May 100 A .1963 F A .1964 M N Providence Securities deb 4s 5,000 Providence Terminal 1st 4s ... 74% Jan. 11 81 80% 81% 80% 84% 84% ------ 102,000 55% May"31 32% May 31 47 May 28 Mar. 14 85% Jan. 80% Feb. 53% D 1st mtge 4>4s series C 1960 A O Pitts Y 8c Ash 1st gen 4s ser A.. 1948 J D ------ 18 14 3 3 13 77 .. 1 98 Feb. 13 Sale A .1960 F 1st M 4 34«ser B_.__. — 19% .1957 MN 2d guar 6s Pitts Shen & L E 1st g 5s... 90 50% May 26 87% Jan. 56 May 31 92% Jan. 75% May 31 102% Jan. Feb. Sale .1953 J .... " 2 2 78 47 .1949 F Con 434s series J guar.. Gen guar 5s series A General g 5s ser B General 4%a series C 1,000 31 98% 95% 8 12 16 81 101% ...1945 MN Con 4s series F guar g Con 4s series G guar g Con 4s series H guar g Con 434« series I guar g. "e'ooo ..... O guar g Sale 47% Sale 72 51 .1940 A 434s series B 72% 80% 14 Jan. 85% Jan. 40 42% Sale 89% 86% 99% J Con 434s ecries C guar g ---Con 4s series D guar g_ v Con 3 34» series E guar g 26 26 31 92 93% Jan. 91% Feb. 1 76 2% 65% 36 D A 90 Feb. 85% May 23 85 Apr. 14 87 25% 6% 8 .1932 J Con — 2% J .1937 J ser 34 63 I f 4s. L guar g 434s 191 88 76 "63% "72" 86 .1943 M.N --- - ..... 81 Pine Creek registered guar 6s. o'oRR p C C 3c St ~,UUU 91 87 : 40 O .1974 F s 68% Sale 87 75 70 .1940 A .1990 A 40,000 Philippine Ry 1st 30-yr 90 81 ..... 85 93 Sale 1,000 Peoria 8c Pekin Un 1st 5%a A. 94,000 Pere Marq 1st 5s Series A 15,000 1st 4s Series B 49,000 bt g 4348 ser C w 1... 34,000 Phlla Bait 8c Wash 1st g 4s.... — Sale 56 A .1963 M N Gen g 434s series C Sale 41 20 23 j 1937 M S Guar g 334s tr ctfs series C... 1942 J D Guar g 3^8 tr ctfs series D... D .1944 J .1952 M N 40-year guar tr ctfs 4s Ser K-. .. 89 51% Sale 68% May May 85% May 86 May 90% May 50% May 56 May 75% May 89 69 A O - Sale Sale Sale 1970 A Peoria 8c East 1st cons 48— Income 4s (flat) 87 95 1964 Secured gold 434s Sale 72% 80 % 40-year is 4,UUU 90% Sale 86 Sale Sale A D 113"666 175,000 60 Sale F J 224,000 166,000 Pennsylvania Co— Guar 3^8 coll tr reg ctfs ser A. Guar 334s coll tr ctfs ser B ..... Sale 89 Sale J F 72% 92% 89% J "75" 5 75 80 May 5 74% Mar. 75 75 65 57 Sale 57 """May"26 65 55% Sale 55% May 31 66 Mayll May 12 Mar. 12 57 May 26 55% May 31 81% Mar. 82 Jan. 9 15 80" !IIII *74% D "72" !"" "71" "90~" 96% ..... 90 96% J Jan. 93 96% 18 96% Mar. 12 90 5 J J 66 75 O 42 50% 43 50% "64" "40" "45" 35 43 47% 48% May 24 37 May 17 S 40% 50 37 Sale J J 25 45 41% 37% 65 30 J J 61 70 72% 44% 77% J - - - - 25% 66 92 ..... 45 ..... 5 May 42 45 20% May 31 30 May 21 30 May 13 May 21 41 69% 69% May 26, 73 May 18 21% Sale ..... "55" May" 12 43 „ 1941 J g 434s.. May 68 62% 80 M St Jos 5c Grand Island 1st g 4s..1947 i St Lawr 5c Adirondack 1st g 5s..1996 J 2d gold 6s 1996 A 75 71% 82% 76 76 80 25" 1933 M N 65% 51% Sale 38% Sale 38% May 28. 52 May 1950 J J 26% Sale 15 Sale 1978 M S 19 Sale 11 Sale 11% Sale 10 Sale J 32 Sale 17 Sale 13 11% May 29 20 9 % May 2 14% 13% May 9 13% 13 May 31. 22 May May May May " 40 20% May 31 30 May 21 41% Apr. 8 61 I Jan. 5 Jan. 14 Jan. 9 47 Jan. 14 Mar. 31 Feb. 5 84 Mar. 12 70 48 89 O 90 48% May 24!~75" 37 May 17 56 89% 60 Feb".""3 89% "Feb". "3 St. Louis Iron Mtn 5c South— 341,000 468,000 1,372,000 5,000 121,000 "32,000 16,000 347,000 2,uud River 8c Gulf Dlv 1st g 4s St Louis-San Francisco Ry — Prior lien 4s series A Con M 4^8 series A Registered........... 70% .... Prior lien 5s series B.........1950 J St Louis Peoria & N W 1st gu 5s.l948 J J St. Louis Southwest 1st g 4s 1989 MN 1989 J J 1932 J D 55 69 55 27 40 43% 47 40% 57% Sale r75 Sale 55 35 Sale 16 Sale 15 30 35 St Paul 5c Duluth 1st consol 4s .1968 J St Paul E Grand Trunk 434s 1947 27,000 St Paul Minn 8c Man cons 4s 1st consol gold 4s... 27,000 6s reduced to gold 434s... 50,000 26 "30 ' A 42% 60 85 J 55 ..... Sat Fla 113",000 J 1933 J 99% Sale J 95 97 94% 96% 98% Sale 95% 97% 73 95 99 98 66 73 Ac Wast 1st g 6s.. 1934 A 68 Sale 87% 103% 90 75% 76 80 O 11 12 A O Certificates of deposit. 12 15 Sale 20 Oct 1949 F A 1959 A O Certificates of deposit. 1st 5k cons 6s series A........1945 M S Certificates of deposit. ..... Series B 1935 F A lH §g Sai* 2% .. 3 15% 1% 1% 1% 5% 20 2 1% Certificates of deposit Seaboard Ac Roanoka 1st 5a extd.1931 J J South Ac Nor Ala cons guar 5s.. .1936 F A Gen cons guar 50-year 5s ..1963 A O 114,000 Sou Pac Co 4s Cant Pac coll Aug. *49 J D 1st 434s (Oregon Lines) ser A..1977 M Convertible 5s........ ....1934 Gold 434«.. 1968 Gold 434s w 1 May 1 1969 Gold 4 34s 1981 San Francisco Tarns lat 4s. r Cash sale, a j . 99% a91 Sale 92 92% 96 90 90 97% 84 89 76 94 94 92 93 O .1950 A ..... 96 48% May 13 37 Apr. 12 Jan. 26 49% Jan. 26 69 55 May 4 41% May 19 78 May 28 42 Jan. 5 89 Mar. May 27 60 May 20 55 May 20 35 May May 15 35 May 27 May 27 May 9 hi May 27 May 9 55 Jan. 60 Mar. 26 73 Jan. 26 Mar. 26 48% May 13 38 May 28 52 May 24 39 2 4 2 26 57% 68 93 .... 93 75 May 20 May 31 May 24 4 94% May 98% May 19 98 May 5 May 11 May 3 May 19 May 2 May 6 84 76 98 68 93 May 11 May 3 May 2 May 2 May 6 a91 92 May 20 98 May 5 May 31 100% Mar. 23 May 24 97% Mar. 14 90 84 Mar. 70 Feb. Feb. 91 2 11 9 67% Jan. 6 90 Apr. 30 86% Jan. 19 81 Mar. 99 Jan. 3 19 80% Mar. 93 May 9 6 O 1989 M N Seaboard Atr Line 1st g 4s......1950 A Adjustment 5s Refunding g 4s 26% Jan. 22 13% May 9 42 Jan. 14 O 1934 A Stamped 90" Sale 1st g 5s... Scio Vail Ac N E 1st guar g 4s 14 Jan. 85 79 95 95 22 34 73 40 55 1933 15,000 Atlan-Birm Dlv 1st g 4s 23,000 May 1933 M S 14,000 Seaboard-All Fla 1st 6s A.. 1935 F A Certificates of deposit 9,000 68,000 8,000 155,000 589,000 585,000 16,000 38 85 .1933 J J Registered Montana Ext 1st gold 4s 1937 J D 1,000 Pacific Ext sterling guar 4s_. .1940 J 14,000 St Paul Union Depot 1st 5s. J 1972 3,000 San Ant Ac Aran Pass 1st guar 4s. 1943 J J 4,000 Santa Fa Prase 8c Phsnlx 1st 5s..1942 M S 8,000 25,000 22,000 48% Sale Sale D ~6"655 2o"O66 57 ' 43 Certificates of deposit J 83% Jan. 97 73 55 2d gold 4s Income bond..Nov Consol gold 4s. 39,000 1st terminal 5c unif 5s 1952 J 3,000 St Paul 8c K C Short L Ist434s...l941 F 18,000 Sale 38% May 28 11% May 29 9% May 2 13% May 9 13 May 31 7 J M 8 23 2% Sale 23 8 11 5 Sale 8 12% 3% % 2% 2% 3 1% 1% 1% "85" 81 73 1 3 7 75 5 1% 2% 1% 8 1 1% May 18 3 May 26 3 2% May 18 10 May 2 1% May 4 1% May 4 3 May 6 May 12 May 61 3% 2 133 1! 2 May May May May May 24 27 26 4 11 ..... 75 May 31 Mar. 8 1 Jan. 1% 2% 2% 2% May Jan. Apr. May May May Jan. Apr. Feb. 10 1% 1% 1% 2% 85 2 >25 May 25 Apr. 20 5 15 18 6 22 18 Apr. 27 Feb. 16 15 13% Mar. 18 1 % Feb. 2 5% Jan. 13 19% Jan. 7 Jan. 15 6% Jan. .14 15 4! 7 .Jan. 20 ' Feb. 5 Jan. 8, 4% Feb. 3 4 2% Feb. 24 2 25, 1 14 2% Feb. 25 "82% 85 87% Apr. ----- 88 90 32 50 Sale Sale 70 62% Sale 44% M N 63 Sale 42 Sale 32 M N 62% Sale 42 Sale 30 72 72% Sale 63 76 1 7 ..... x?8 'IS 84% Sale O 11 Sale May '"7% May"20 ..... 66 95 8 May 25 May 6 May 12 ..... 47% Sale 79 5 Sale 2 May 31 "80 16 5" 2" 2 82% —- 63% Sale 80 2% 3% 12% Sale 1% 2% 88% D 1950 A Deferred delivery. 8 35 8 31% 33% Sale Sale Sale 32 May May 65% May 31 May 30% May 28% May 59% May 50 31 r48% May 2 May 19 31 65 May 13 12 70 26 44% May 10 7 31 43% May 7 28 43% May 2 21 72% May 32 14( 87% Apr. 14 ~ May"3i r72%Feb"."29 50 May 65% May 31 May 30% May 28% May 31 12 84% Jan. 97 Feb. 14 5 26, 73% Jan 13 31* 11 *4 28 74 Jan. 72% Jan, 59^ May 21 84 Jan. 16 N. Y. STOCK 24 Sal <.«in Value. n Jan. 2 1932. STOOK EXCHANGE. y Bid. 2,000 1937 >-.1937 R lat ref guar 4a 1955 5a So Pac of Calif 1st cona South Pac Coast guar 4a 273,000 South Pac R RANGE SINCE JAN. 1. PRICES IN MAY. Price BONDS May, EXCHANGE-BONDS MN 95 10134 j j Bid Ask. Ask. Bid 98 Sale Prices. Sale Prices 100 98 100 Highest Lowest. Highest. May 31. May 2. Ask. Lowest. Sale Prices. Sale Prices May 20 98 Mar. 18 100 May 7 50 May 31 8634 Mar. 11 71 May 6 62 May 27 8634 Jan. 26 34 May" / 13"" May*26 "54"" JanT"l4 May 20 100 May 20 75 72 50 May 31 72 May 27 77"" "80"~ 7034 Sale 50 Sale 80 70 Sale 62 Sale 62 Sale Sale Sale 52 58 13 Registered —1955 Stamped Federal tax 120,000 Southern Ry fat Registered. . 228,000 —1994 1994 1956 1956 1956 1996 5a cona ... A Devel 8c gen 6a series A Devel 8c gen 6 34s series A Memphis Dlv 1st g 5s Devcl 8c gen 4a aerlea 109,000 136,000 2,000 Sale Sale 48 % 28 30 Sale 31 Sale Sale 94 % 72*_ 86 % 5134 St Louis Dlv 1st g 4s 1951 East Tenn reorg Hen 5s 1938 M 65 Mobile 8c Ohio coll tr 4s 1938 M 25 1955 J 2034 40 —'43 J M Sunbury & Lewis 1st 0 4#......... 1936 Gen rcf a f gold 4a 57,000 56.000 .Texarkana Ac F S Ry 5Ha 60 ..... 1534 May 26 18 May 25 May 19 60 Jan. 13 3234 May 10 3334 May '6 55 May 19 55 "23" Gen ref 5a aer B..........*...1977 1979 20 10 26 94 93 92 Sale 87 Sale 74% Sale 71 53 Sale 63 Sale 67 90% 1964 1935 Tex Pac—Mo Pac Term 5 Ha Toledo At Ohio Gent 1st g 5s }"d M S J 60 68 Sale 59 80 55 82% 83 J 94% 43 41% 87% 75 . 39 Sale 30 28 04% 27 Sale 27 40% 11 May 28 93 May 6 8734 May 31 7134 May 31 55 May 24 Mar. Apr. 30 38 Jan. 94 Mar. 30 96 Mar. 28 1942 1946 1 Ulster Ac Delaware 1st 5s 85 ..... 92 78 ..... Feb. May 24 79 74 Jan. 55 Feb. 7 18 14 92 Jan. 14 2 8234 May 17 83 May 9 75 Apr. 29 35 29 May 19 May 31 May 19 43 28 May 19 May 31 May 19 35 78 May 10 78 May 10 27 26 7034 Mar. 3 7034 Mar. 3 8934 Mar. 7 9234 Jan. 6 96 Mar. 3 70 Jan. 4 60 May 25 15*4 May 17 May 21 May 2 May 21 77 Jan. 22 27 28 80 Feb. 78 May 10 Mar. 3 96 82 90 18 85 94 55% 70 66 ..... 79 5534 May 4 60 5534 May May 25 85 04% s 63 1928 1,000 d 12 and 1570 return of principal 951,000 Union Pac RR J J Registered ..............1947 J First Ac refunding 4a June 2008 M 8 Gold 44s 1967 J J * land gr g 4a... 1947 June 2008 M 8 1st Hen & ref 5s ..1968 J 'D 1944 M 8 1933 J J 40-year 4s Int rets (JNJ RR Ac Ganal Co gen 4s Utah At Northern 1st ext 4a .1955 F Vendaila conaol g4s A..... Cruz A Firat cons .1958 A 50-year 5a O 1062 M N 79,000 Virginian Ry 1st 5s ser A .1962 M N 1st mtge 4%s series B 5,000 .1939 M N 89,000 Wabash RR 1st gold 5a .1939 F A' Second gold 5a. 33,000 J1 Deb 6s registered............. .1939 j 1st lien 50-year gold term 4a. .1954 J Det 8c Gh Ex 1st g 5a. 1,000 ...... .1941 _ .1939 76 80% 93% 10634 72% 74% 90 34 93% .1941 O Tol ArChlc Die .1941 4 95 83 1st g 4a let g 4a . . . M 8| 70% 70% 97% Sale 7534 6234 ... 76 Sale 75% 5234 Sale 22 Sale 22 15*4 May 17 9134 May 2 a8434 May 31 9334 Jan. 70 May a5734 May 85 May 50 May 31 26 25 31 86 Apr. 15 70 May 31 3 7 05734 May 26 85 May 25 3 57 May 31 9 91 7934 May 7434 May 92 May 6934 May Feb. 20 134 Feb. 18 90 15 8 9 8734 Mar. 11 99 Mar. 22 80 Mar. 10 9334 Jan. 15 84 Mar. Mar. 40 60 25 32 .... 21 70 5% 11 12 6 Sale a 65 2134 234 Sale 6 12 60 Feb. 46 Jan, Feb. 6 50 Feb. 0 Jan. 24 Jan. 25 2i 2% 19 8 234 May 26 234 May 26 6 May May 21 2 234 May 26 77*4 May 5 3% 6 1634 Jan. 1634 Jan. 27 27 65 80 90 8 28 .2361 J J .2361 I J 07% 03% 77% 09% 43 45% a93 93% 30 6634 Sale 50 Sale 95 Sale 56 53 .1976 M S 57% 5234 12% Sale 3734 Sale 35% 94% a92% 95 7434 23 Sale 65 67 62 55 50 68 65 Sale 65 "45~" May May May May May May May May May 19 45 4534 May 31 9334 May 7 4 7834 May 26 30% May 28 r72% May May 19 68 50 May 18 7734 83% 3734 35% 9134 «74% 23 65 62 50 Mar. Mar. 56 May Apr. May May 8234 Feb. 83% Mar. 7 1 2 62 16 63 98 Jan. Jan. Jan. 18 Mar. 10 9134 Jan. Apr. May Apr. May May 49 Mar. 78 74 Mar. 2 9 Mar. 2 9 r6134 Mar. 7 51 5534 70% "75"' 20 Sale 5234 Sale" 5234 May 31 15 May 24 70% May 20 May 5234 May 31 15 May 24 70% May 7 Jan. 27 72 May 24 2834 May 4 22 May 10 73 May 23 May 21 2434 May 2 72 May 24 25% Jan. 5 22 May 10 80 Mar. 23 40% Mar. 11 34 Mar. 8 1634 May 25 3034 May 1634 May 25 41 6834 May 76 59 56 4 May 24 73 7134 May 23 72 17 29 J J 90 75 23% 65 7734 May 14 22 6934 50 .1966 M S .1960 J 73 15 19 234 May 31 46 Winston-Salem S B 1st 4s 16 Jan. 234 May 31 7734 8334 3834 35% .1938 J Apr. 50 May 16 334 May 20 2% May 26 4234 Wilmar At Sioux Falls 1st 5a 19 11 60 30 60 9! 90 Erie RR 1st con g 4a_ .1949 M 8 .1942 J D 8 4 86 Ac East 1st gu g 5a Jan. 5234 May 31 22 May 31 134 Feb. 18 Mar. 16 Feb. 15 45 Mar. 0 91 Mar. 9 76% Apr. 17 79 Jan. 14 59 Mar. 9 95 80 634 May May 50 Sale B May 16 May 31 May 27 70 15 6 77% 83% .1946 M Registered 71 May 3 8434 May 3 May 11 65 May 12 40 May 3 76 Feb. 3 34 May 20 85 91 % Wheel Ac L E Ref 4 ^s ser A 24 30 May May May 5234 May 22 May May 31 4 84 85 ...... 31 27 4 31 31 24 71 75 70 Sale .1948 Q M 40% A 88 80 40 Sale 6 10 .1943 ser 134 May 13 May 31 88 40 "40"' 15 .1937 West Shore 1st 4a guar 134 May 13 May 31 88 80 60 70 75 22 98% 59 17 21 40 78 27% 38 .1977 86,000 18,000 71 ..... 42 30 .1945 .......... "6",660 Sale Sale 24 30 Sale First Ac ref 5%$ series A 77,000 15,000 West N Y At Pa 1st g 5« Geoeral gold 4a 2,000 ser 79 9% 9% F Sale 74 88 95 23 Sale Sale 91% Sale 161,000 Western Pacific 1st 5s 1 1 90 84 50 % Refunding 5s 90 35 .1952 Wheel Ar L Sale Sale 92 86 57 .1945 f a 1st g 4s 1st 40-year guar 4a. 17,000 Wilkes-B 5834 Sale 90 Sale West Maryland 1st g 4s... "5"66O 1534 May 17 A84 J4 May 31 90 Sale 70 Sale 92 Sale 9 .2000 Warren'RR 1st ref guar 3%e 2,000 20 Sale 90 Sale 9% . 3,000 Wash Term 1st guar 3 85,000 13,000 73% 90% 08% 15 a84% 33% Sale 30 % 81 ..... .1975 26,000 Wabash Ry ref Ac gen 534s A Ref Ac ;en 5s (Feb '32 coup) B. .1976 47,000 1978 Kef Ac gen 4%n series C. 37,000 .1980 Ref Ac gen 5a series D 25,000 Wash Gent Ry a78 ..... J Omaha Die 1st g IHs 234",666 ..... 78" Sale P Dee Moines Die 90% A Asatg 1st 4^1.. .1*34 .1936 M N Virginia Midland general 5a J .2003 J Va At Southwest 1st guar 5a Vera 9134 Sale .1957 MN Consol 4a Series B 16", 600 20 71 Ctfs of dep stpd as to Dec 1930 Int 1,000 1,000 7 20 m Tor Ham Ac Buff 1st 4a... 167,000 97,000 45,000 147,000 26 31 11 May 28 8834 Jan. 26 8734 May 31 2534 May 5 94 May 6 9234 May 4 7434 May 13 63 May 3 65 90 91% - 1950 Tol W Va Ac Ohio 1st guar 4%» B.1933 . 1st guar 4s series C.. 102 . 1935 General gold 5s 41% 90 «•«*» « . 1935 Western Div 1st g 5s Tol St L & West 50-yr g 4s Feb. 45 88 92 97 65 1980 D. 14 14 60 Apr. 1934 Jan. Apr. 21 25% 93% Sale 87 % Gen Ac ref 5s aerlea G Jan. May 19 6734 Jan. 23 30 28% 49 82 63 Ml ..— O Jan. 55 60 ..... 99 A 67 72 13 91 91 15% "io" 26 26 25 19 Dec 1 2000 Mar Second g ioc 5s (flat) ser 7l" 9834 2000 ' Gen Ac ref 5s 35 26 1943 aer 23,000 Texas Ac Pacific 1st g 5s 4,000 18 May 1534 May 18 May 55 May "9534 9 1953 A..1950 ... iTexas & N O cons g 5a "T.ooo 17 50 98% 49 6,000 Tenn Cent Ry lst Mia Ai»i.i.i.l947 19.000 Term RR Assn of St L 1st g 4%S—1939 9.000 First cons g 5s 1944 2,000 55 45 Spokane Internet 1st g 5s Staten Isl Ry 1st gu g 4 33,000 6,000 14% Sale 52 41 ..... J .1949 J 1st gen g 4a Sup Ac Dul Dlv Ac Ter 1st 4s.. .1936 M N J Worcester Ac Gonn East Ry 4%s .1943 J Wisconsin Cent 89 Sale 73 8934, 70 29 Sale 24% 6334 Sale 78 30 30 3034 Sale 1734 7934 75 53 Sale 50 34 29 I 8134 2934 23 30 industrials— 483,000 Abitibi Pow At Paper 1st 5s. With J 1953 1943 Abraham Ac Straus deb 5%* 74,000 3,000 9,000 D 29 A warrants m M Adams Express coll tr g 4a. Adriatic Elec Go external 7a.. 1948 AJax Rubber 1st s f 8s.. 193b J 1952 A 73 2 M "3",066 Alaska Gold M deb 6a A To, 600 10-year cony 6s ser B (flat) 1926 M Albany Perforated Wrap Paper 6s 1948 A (flat).-1925 . 7 7 F tr cony 5a..1944 Collateral and convertible 5a..1949 J A 290.000 O Sale 29 Sale D 5a................ 1950 A 335,000 1937 M N 101,000 Allis-Chalmera Mfg deb g 5a 1955 M 8 3,000 Alpine-Montan Steel 7s 1935 F A 27,000 Amer Beet Sugar conv deb 6a 1933 A O 25,000 Amer Chain 10-year s f deb 6s 1942 A O 47,000 American Gyanumld deb 5s.. ...2030 M 8 422,000 Amer Ac ForeignPower 5a 1953 J D 20,000 American Ice s fdob 5s 1949 MN 360,000 American I G Chemical 5 %s J 1,704,000 Amer Inttrnat Corp conv 5^..1949 J 1939 A O 12,000 Amer Macd 8c Fdy s f gold 6s -364,000 Amer Metal Ltd 5%s gold notes.. 1934 A O conv 10 44 319,000 Allegheny Corp coll Coll Ac 78 6 9 Sale mSale 80 Sale 40 50 20 25 87 87J4 69 73 42 Sale 67 73 Sale 59% 09% 102% 49 Sale ~50~ 61 50 78 "234 10 10 2634 1634 8* MU ir 10 1034 1334 28 Sale Sale Sale Sale 27 ""234 Sale 59 14 Sale 1034 1034 13% 32 25% 1234 Sale 834 Sale 534 Sale 6634 Sale 16 Sale 4634 74 Sale 2834 6834 Sale 59 Sale Sale 20 Sale 6834 Sale ft* 7034 Sale 10234 10334 10234 Sale o47 3734 Sale Sale Sale Sale "May 2 Feb. it* May 23 I634 May 12 26 28 a4734 May May May May May May May May May May May May May May May 14% Jan. 21 Feb. 1 22 3 May 1634 1334 12 7234 35 21 45 74 2934 l\v* 60 72 103 8 ■ 17 4 11 2 9 26 11 28 10 3 Jan. 9 1034 2534 May 934 May 7 May 534 May 6634 May 35 May 16 May 42 May 65 May 20 May 6834 May 5434 May 6334 May 10234 May 3734 May 6 4' 84% Apr. 1 May Jan. 23 May 24 i 70 8234 Mar. 19 7134 May 6 Jan, 7 Jan. 5 May 12 5734 May 24 Jan. 14 May May May May May May May May May May 4634 Jan. 41% Jan. 25% 9% 7. ■ 534 6634 35 16 42 65 20 65 Feb. 14 Jan. Jan. 22 91 Feb. 17 5134 Feb. 23 Jan. 18 8734 Jan. 29 22 8 80 Mar. 47 24 5434 May 31 6334 Apr. 15' Jan. 75 Mar. 14 14 7034 Mar. 11 7234 Jan. 14 8 8 10334 Apr. Mar. 68 3734 May 31 10234 Feb. 21 33 40 4 American Natural Gas Corp— 13,000 •216,000 102,000 72,000 457,000 1,417,000 1,075,000 447,000 1,360,000 5,000 78,000 62,000 ...1942 3% A 1947 6s.....1937 10434 Deb 6%a (with purch warr) Amer Smelting Ac Ref 5s 91 aer Amer Sugar Refg 15-year Amer Tel Ac Tel Cony 4*. ..... 1936 30-year coll trus ru. .....1946 1960 20-year sinking fund 5 HI a 1943 MN J Convertible debentures 4%s._1939 J . 35 yea 1 Amer 1965 deb 5s Type Founders deb 6s F A r Cash sale, a Deferred delivery. 1 I 1 l Sale Sale 83 Sale 2 74 10134 9934 Sale Sale 100 Sale 102 Sale 98% 99 Sale 9834 10434 10034 9834 Sale Sale Sale Sale 92 10434 Sale 104% Sale 98 1940 A O Amer Water Works At Elec coll 5s.1934 A O Debenture gold 6s series A 1975 M N Sale 2 100 98 35-year sink fund deb 5s 5 Sale 89% 82 Sale 60 Sale Sale 9934 99% 96 92 66 88 72 60 10034 "•70" 50 May Sale a74 May Sale 100 May May Sale a99 Sale 9834 May Sale May & 99 Sale May Sale 96 May Sale 9134 May 5834 May Sale' 66 May Sale 49 May 2 27 27 6 31 31 31 31 31 3 26 26 Mar. 6 A* May 3 a74 83 May May 6 100% May 13 102% May 2 99 May 105 May 103 May 99 May 60 May 82 May 60 May 102 98 Feb. 9434 Feb. 97% Jan. May 99 May 96 May 9134 May 5834 May 66 May 49 May 4 96 Jan. 18 Jan. 13 105 Jan. 6 100% 10334 100% 10534 May 13 Apr. 28 107 Jan. Mar. 22 Mar. 10 14 100% Mar. 9 97% Jan. 13 Jan. 23 84% Jan. 10 95 EXCHANGE—BONDS N. Y. STOCK 'ales N Jan. 2 ~l 44 13 1 337 619 38 83 3 111 J 1947 J Anglo-Chll Nitrate 7i without war '45 M N Ark & Memp Bdge Ac Term iat 5s. 1964 M 8 D Armour Ac Co. 1st real estate 4 lis 1939 J Arner Writ Paper 1st g 6».._ Armour Ac Co of Del —.1943 J 1st J J D deb 5s 1940 Associated Oil 6% gold notes... 1935 Atlanta Gas Light 1st 5s 1947 conv M J S D Atl Gulf AWISS Line coll tr 5s. 1959 J J .1937 I J 80 Atlantic Refining deb 5s... 47 Baldwin Locom Works 1st s f 5s.. 1940 M N 1937 ......1942 Baraqua (Comp Azucar) 7 His 183 8 174 129 Ask. Bid. Armstrong Cork Uatavian Pete gtd deb 4%n Beldlng-Heminway J J 25 H *85" 73 04 Hi 70 33 7 ; Sale 97 1959 148 Debenture 6s... 1955 26% 1951 City Electric deb 6H* 15 Sale Sale Sale 99 a 7 Sale 75 753* 99 v. Sale 15 12 25* Sale Prices, 12 5 63 85 Sale 50 Sale 535* Sale 975* 80 1035* Sale 1035* Sale 715* Sale 31 Sale 285* Sale 265* Sale Sale" 343* 85 01% 92 May 26 25* May 19 May 27 615* May 20 49 May 13 52 May 17 975* May 26 95 May 17 32 May 6 913* May 28 75 95 985* 3 % Highest. Lowest. Ask. 97 Sale 96 95 101 85% 1946 Berlin 52 45 40 % Sale 89 Deb sinking fund 6Hs._ Beneficial Indus Loan deb 6s 58 75 24 3% 85 Sale Sale 55 08% 164 103 68 Sale 98 3* 101 94 102 75 30 % 30 127 75 Sale 101 1960 First Ac ref 5s series C 20% 2% 14 92 May 31. Ask. Bid. Bid. 30 71 1936 1948 6s conv Bell Telephone of Pa 1st 5s B May 2. 1932. STOCK EXCHANGE. ?. PRICES IN MAY. Price BONDS Mai Valu Sale Prices. 20% May 35* May 75 May 68 May 58 May 55 May 99 May 95 May 36 May 945* May 27 2 ' 2 3 6 17 24 3 May 9 92 May 28 985* 10 35* 71 725* Sale May 26 753* 85 80 70% 725* May 27 1005* Sale 1003* May 27 1045* 100 Sale 100 May 26 1045* 70 70 715* May 16 733* Sale 28 203* May 19 325* Sale o21 23 May 20 285* 19 J* Sale 195* May 26 27 Sale . 5 9 May 3 May 13 May 7 May 7 May 11 May 3 May 2 May 3 Berlin Elec Elev Ac Undgrd Eye¬ 143 106 98 11 46 let 6 Hi® ...1956 A O Bethlehem Steel 1st Ac ref 5s g A. 1942 M N 20-year pur Ac Imp s f 5s......1936 J 23% J 88 95 1950 M 8 25 1934 Bing At Blng s f deb 6H« Botany Cons Mills sec s f 6 Hid A O 17 2 6 Broadway At 7th Ave 1st con 5s..1943 Certificates of deposit 140 ,076 4 85* 58, 9 J Bklyn Queens Co Ac Sub gtd 5s..1941 M N ..1941 ... Brooklyn Rap Tr 1st refcon g 4s 2002 Brooklyn Un El 1st g 4-5s 1950 J J F" A 9 12; 20, 47, 39, 198, 52, 61, 2, 6, 21, 1, 64, 92, 30, 102, 817' 87" 4 % 70 1003* Sale 82 % Sale 53 2% 15* 70 85 1 3 May 26 May 31 May 21 5* May 26 29 May 2 May 7 May 4 20 May 3 10 May 9 38 May 16 23* May 26 84 90 Sale 995* Sale 83 5* 55 Sale 72 Sale 705* 55 May 995* May May 55 May 72 55 26 575* May 13 2 31 1043* May 853* May 12 31 May 25 25 55 "575* 57 5* 75 75 72 695* 1045* Sale 102 Sale 102 108 105 Sale 105 106 1073* 60 643* 140 95 Sale 965* Sale 90 A 95 Sale 96 Sale 943* Sale ..1952 O 40 53 1955 J 140 Sale 72 May 3 May 27 May 31 1053* May 21 May 5 May 31 108 64 90 May 31 98J* May 3 D Buffalo Gen Elec4H* ser 13 33 5% 825* J J 3* May 28 1 50 D 1936 .... 72 6 425* 1045* 80 101% 103 106 J* 109 35* Sale 6 33 61 57 58 562* 215* 95* 45 245* May 24 763* May 5 745* Sale 10 165* ...1950 5s._ 932 B. 1981 5His gold 5s Debentures Buffalo Ac Susq Iron gen s f 95" "2% 85 Brooklyn Union Gas Co 1st g 5s.1945 M N 1st lien Ac ref 6s ser A.. .1947 M N Conv deb 77" D 3 1949 1968 J Sale 19 305* Sale 65 Brooklyn Edison Inc gen 5s A Bklyn-M Tr R T Sec 6s Sale 78 38 1941 1st 5s stamped 59 J Brooklyn City RR 1st 5s 25 Sale Bowman-Biltmore Hotels 1st 7s. .1934 M "l'l" Sale 70% Sale 29 27 94 Sale 79 67 "75" 595* 665* Sale O 5s gu tax ex—1960 By-Product Coke 1st 5%» A.. 1945 MN 87 Sale 74 Sale 55 70 40 MN 99 100 101 J 70 58 Sale 63 70 15 Bush Terminal Co lst4s Consol 5s_......... Bush Term Bldgs 5s..1937 1940 Cal Gas At El Corp unlf At ref Calif Packing conv deb 5s. Calif Pet deb conv J 1939 F f g 5s a A Conv deb s f g 5H«-1938 MN Camaguey Sugar sink fund 7f ..1942 A Q Canada Steamship Lines 1st 6s.. 1941 Central Dlst Tel 1st 30-year 5s—1943 Central Foundry 1st s f 6s—May 1931 Cent Hud G At E 1st 5s Jan 1957 1951 Central Steel 1st sink fund 8s... 1941 Certain-teed Prod s f g 5%n A... 1948 4 Sale 100 3 Cespedes Sugar 1st gold 7H* 1939 M S Ches Corp conv col tr g 5s May 15 1947 M N Chicago City At Conn Ry 5s. Jan 1927 A Chic Gas L At C 1st gu g 5s......1937 J 89 24 rOO 3 1003* 17 665* May 31 833* r99 May 995* May Sale 57 845* 68 Sale 68 27 23 5* 5 Sale 235* May 26 35 Sale Sale 475* Sale "99" 166" 995* Sale 5 100 1005* 255* 6 Sale 52 625* Sale 12 66 % 1015* 102 88 Sale" Sale 90 983* May 23 60 May 12 60 May 18 74 May 2 40 May 3 76 645* 83 5* 34 395* 503* Sale 345* 385* 31 18 10 31 5 a 100 5* May 3 1015* May 513* May 25 54 5a May 763* May May 17 77% u75 irA 87 80 815* May May 12 805* Sale 4 3 6 3 May 3 May 3 25 28 May 295* 263* May 3 Sale l035* Sale 1015* May 5 103 5* May 57 88 100 Sale M N M 3 28 102 86% 100% 723* Cent 111 Elec Ac Gas 1st 5s 545* 775* 815* 76 30 100 445* Sale 58 26 935* May 56 May 495* May 503* May 35 May 10 May 26 May May May May May 10 May 28 48 May 2 99" "May" "3 ] 02 May 23 35 O J 1015* Sale Chicago Rys 1st 5s stamped 18, 90, 194, 115, 53 .1927 49 31 .1943 35 48 39 % 25 69 Chlids Co deb 5s... Sale 23 Sale 21 Chill Copper deb g .1947 49 Sale 365* Sale 28 Sale 28 90 Sale Aug 1 paid 1929 tnt 10% 5s Cin Gas & Elec 1st mtge g 4s A.. 1968 853* 1940 .*......1938 '32% Colon Oil deb 6s conv 19, 60 Colo Fuel Ac Iron Co gen a f 5s..1943 47, Colo Indus 1st coll tr 5s gu .184, 3, 276, 1934 5s....1952 Apr 15 1952 Columbia Gas Ac Elec deb Debenture 5s 62 M N A Jan 15 1961 J Deb 5s 14, Columbus Gas 1st gold 5a 17, 44, 14, Commercial Credit s f 6a.. Coll trust 5H» *er O J J 1932 J 1957 J J 1934 MN Columbus Ry P Ac L 1st 4 Ha — ..1935 A.. J J l&* 72 92 % 85 80 Computing-Tab-Record s f 6s—1941 Conn Ry Ac Lt 1st g 4H« -1951 Stamped guar 4His.. —1951 105 Consol Hydro-Elec 1st s 1 g 7s... 1956 1950 1945 1951 J D F A 87 106 94 Crown Cork Ac Seal s f 6s D 1947 J Crown Willamette Pap 1st s f g 6s 1951 J Crowm Zellerbach deb 6s w w 1940 M 17, Delaware Pr Ac Lt 1st M 4Ha—..1971 J Denver Gas Ac El 1st Stamped as 1969 36 to Pa tax 1942 (D G) Corp 1st s f 7s N 1005* J 8 75 79 673* 49 % J J J -rr., «99 93 Sale 873* Sale 87 100 1015* Sale 30 31 70 Sale 70 N ...1955 J .1962 F J — ._ Duke-Price Pow (Ltd) . 1st 6s A.. 1966 Duquesne Light 1st mtge g 4 s Hp A1967 1937 f 7H» 32, 61, Ed El 111 N Y 1st cons g 5s A 60 Sale" 52 54 48 Sale 6 , 15* 1015* 88 ' 81 M N A M 615* 975* O S 15* Sale 23* May 25, 27, 36, (with warr) 5 96 105 265* 265* 20 1931 7 23* Sale 101 % 17 2 53 May 10 13* May 20 2 2 May 25 1013* May 2 103 99 87 92 88 May 25 May 24 905* 973* r90 86 92 85 May 88 5* May 885* May 6 89 May 9 915* May 24 93 May 13 1003* May 983* May 1005* May Sale 995* May Sale 893* May Sale a67 May Sale May 69 75 May Sale 48 May Sale 933* May 3 3% May 90 1013* May 24 102 May 6 1003* May 16 1025* May 10 955* May 13 71 May 7 555* May 27 4 823* May 62 May 2 rl00 May 6 5 May 16 Sale 975* May 11 May 27 14 5 Sale Sale 84 48 Sale ^ 50 Sale 99 96 12 2 11, A 38 First 1 s 1st lien s f 5s 1942 M 8 1942 M 9 695* 685* f 5s stamped s f 6s stamped...... 30-year deb 6s series B__ r - Cash sale, a 1942 1954 Deferred delivery. M J S D 56 ] 983* "97"" 112 1285* Sale 25 98 5* 105 Sale 20 Sale 215* Sale 20 Sale 38 Sale 963* May May May 205* May 20 May 13 983* 31 108 26 31 31 265* 16 20 35 55 60 24 26 25 26 21 105 20 May 20 May 25 May 4 May 2 May 16 15 15 F With stock purch warrants. Federal Lt Ac Tr 1st ] 74 % May 69 May 71% May 60 May «48 May 1 May Ernesto Breda Co 1st M 7s.'54 75, c 2 3* 7 Sale 4 1939 19Q5 Corp (Germany) 6H«--1950 M S 1st sinking fund 6Hs i. .1953 A O Elkhorn Coal 1st At ref 6H* 1931 notes 102 % May Sale 15* May May 985* May 102 May 305* May al 5 May 70 May 1035* May 93 693* May Sale Sale 1015* 99 5* Sale 995* 1005* 161": loo"" 94 5* 94 % 90 5* a67 705* Sale 543* Sale 553* Elec Pow Deb 7% 64 1035* Sale 15* 29 % May 18 5* May 104 965* May 20 May Sale 101 Stamped as to s f guar.. Sd El 111 Bkn 1st con g 4s 11, 22 7 1015* D Gen & ref 4Hs series D.._. 1961 F A Dodge Brosi f deb 6s 1946 M N Dold (Jacob) Pack 1st 64 19*2 MN J Donner Steel 1st ref 23-year 7s.. 1942 J Y2", 24, Sale 20 69 865* 863* ....1949 A O Gen At ref 5s series A Gen Ac ref 5s series B.. Sugar 'ml 96 t S Detroit Edison Co 1st coll tr 5s.. 1933 J 11, 38, 187, 455, 31, 14, 130, 391, 16, Eastern Cuba Sale 2 3 128, Gen Ac ref 5s ser C 98 80 103 5* 74 May 23 May 2 2 5 343* May 45 May 7 35 May 3 71 May 10 71 May II 70>* May 11 4 965* May 85 May 10 90 5* May 27 9 874* May 85 May 13 106 May 3 «87 5* May 6 91 May 2 May May May May May May May May May May May May May May May May May May May 11 Sale 15* 15* 935* 22 ' Sale Sale Sale 24 % 11 88 N M 23 99 5* 2 J M Sale 91 Sale 695* 1% 100 89 86,5* 815* 1043* a87 5* Sale 80 Sale Sale Second stamped... 136", 965* Sale 83 275* 185* 24>* A 21 J* 62 M At ref 5s....1951 Sale 104 1% J 2, 23, 15, Dery Sale 30 D J 1950 J 1944 UN L- 101 D Stpd with purch warr attached gold 4H« 955* 81 % 88 105 91 60 98 Sale 87% 625* 815* 88 N 1st mtge Sale 60 835* Sale 1045* 106 89 % Sale 1952 M f g 6s. 1946 J 15-year deb gold 5s 1943 J Copenhagen Telep extl s f g 5s..1954 F Corn Prod Ref 1st 25-yr s 1 5s...1934 M s 1937 17 625* Sale 90 106% 45 61 93 35 J J Consumers Power 1st lien 5s Cumb T Ac T 1st Ac gen 5s 98 ' 22 Sale 81% 81% Certfs of dep stpd and unatpd- "Y Sale 48 19 89 100 Cuban Cane Products deb 6s 675* Sale 25 365* May 90 May 85% May 32 61 93 D 1st Sale 45 39 5* Sale 66 " 955* 793* D Container Corp of Am 69 42 May May May 45 32 86 J Deb gold 4%$ w 1 855* 84 Sale 965* 815* Consum Gas Chic 1st guar g 5a..1936 J Consol Gas (N Y) deb S%» 20~" 80 20% 21H 103% Sale 94 % Sale 5s Consol Coal Md 40-yr Cuban Dom Sug 1st 7H«... 115, 67% 66 Sale 92 Comm'l Inv Trust conv debSHs.1949 28, 225, 538, 871, 52, 116, 51, 48, 32, 37, 8, 49, 85, 23, " 45 34 87 7, 1, 35 725* Sale 436, 1, 393* 74 Clearfield Bit Coal 1st 4s.. 122", 42 5* Sale 56 74 733* 70 Sale 40 50 Sale 40 •' 593* 675* 60 May May May 59 May 475* May 413* May 12 74 May 4 733* May 4 715* May 14 50 May 2 : n. y. stock Sales in M. Jan. 2 1932. T. STOCK EXCHANGE. Bid. 14,000 137,000 87,000 172,000 89,000 63,000 Fiat dob s conv Flak Rubber 1st • J f 8s Framerlc Ind & Dot 20-yr 7*i__1942 1943 Francisco Sugar 20-year 7*a Gannett Co deb 6s V F A 137,000 179,000 490,000 119,000 65,000 103,000 122,000 .... 66 88* 81* 19* 83* Sale 89* 15* J U 1943 12,000 Gas flc Elec (Bergen Go) 5s...—1949 130,000 Gelsenkirchen Mining 6s..... 1934 1952 66,000 Gen Amer Investors 5s 80,000 General Baking deb s f 5*8 ..1940 139,000 General Gable 1st s f g 5*8 A 1947 39,000 General Elec deb g 3H> .....1942 68,000 General Elec (Germany) 7a 1945 91 89* 40* 96 d 31* m n 29 f a Gen Petroleum 1st F f 5s_.Aug 15 1946 90* Sale 98* 1949 1940 ... 109",000 Gould Coupler 1st 15-yr d Sale 30 Sale 25 35 Sale 24 Sale 99 Sale 100* Sale 100* Sale 99* Sale 80 Sale 78 Sale 39* Sale 39* 2* Sale 4 Sale 73* 37* f Sale Sale 20 4 6* 22*, 15 3* 6* 6 10 99* 99 Sale 25* 7 O 72 a Sale Sale 100* 90* 26* 8* 5* A O m 47* Sale 28 Sale 60* 57* 62* Sale 45 65 40 Sale s ..1951 MN Sale" 32 o 48* Sale B ser 88 Sale a May 3 May 4 May 3 May 4 May 19 May 24 59 May 69* May 16 Apr. 82* Feb. 15 Feb. 26 4 20 Mar. 23 76 May 24 May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 25* May 26 43 Jan. 70 May 28 82 Mar. 11 893 Jan. 4 35 Jan. 8 93 3 Feb. May 31 20 88 15 76 36 35 31 25* May 70 May 93* May 40 May 98* May 30 May 26* May 24 May 98* May 98* May 77* May 39* May 2* May 2* May 16* May 73* May 37* May 61* May 75 May 16 May 43* May 31* May 25 May 85 -May 11 - May 18* May 15 May 4 May 7 Mhy 76 95* 44* 40 35* 29 101* 101 80 40 4 23 80 45* 66 79 21* 48 41 31 85* 16 26* 18* 5 7 Sale Sale 93* 8 99* May 26 rl04 95* May 27 98* 17 May 23 26* 5 May 26 8* 69 Jan. 23 80 Jan. 4 31 25 14 81 * Apr. 28 Feb. 9 91* Jan. 18 2 _ 19 2 25 2 4 2 18 11 2 5 2 2 12 61 59 Sale 44 Sale 31* Sale 34 5 49 Feb. 2 May 31 43 Mar. 10 24 97* Jan. 95* Feb. 73 Apr. 39* Apr. 1 2 102* Mar. 5 18 101 11 80 14 Mar. 16 May 11 Jan. 4 61* Feb. 18 7* Jan. 15 2* May 18 16* May 24 40 Jan. 4 80 Apr. 27 Mar. 7 Jan. 36* Jan. 28 6 61* May 72* Jan. 20 May 31 43* May 17 31* May 17 16 Jan. 6 78* Feb, 4 25 Apr. 25 4 46* 82* 80* 25* 8 Mar. 11 Mar. 31 Feb. 5 69 Jan. 22 60 38 Feb. 20 Mar. 17 Apr. 27 86 27 11 May 27 15 May 31 5 May 25 8 Feb. 1 6* Apr. 18 17* Mar. 3 28 Jan. 21 Jan.,14 18* May 26 r43* Mar. 4 4 May 31 Feb. 1 19* Mar. 17 8 70* Jan. May 47 May May May 26* May 15 May 94 Jan. Jan. 14 44 10 101* May 4 4 100* Feb. 29 28 100* Apr. 22 May 23 96* Jan. 93* Jan. 29 rl04 May 23 29 99* Mar. 19 May May May 98 Feb. 99* Jan. 3 6 5 May 25 May 21 72 70 17 5 May 23 Apr. 25 30 18 Jan. ■ 15 Jan. 11 Jan. 12 32 31 31 26 31 3 48 32 43 19 5 25 31 10 31 31 28 26 31 31 31 3 .7 3 46* May 58* May 36 May 4* May 4* May 41 May 56* May 22 May 28 May 29* May 28 May 66* May 70 May 70 May 96 May 25 84 Mar. 11 82 Mar. 11 59 * Mar. 2 May 31 31* May 31 10* May 26 32 47*'May 30* May 62* May 35 10 May 21 9* Mar. 14 May May 31* May 10* May 44 May 30 May Feb. 61 May May 12 Sale W* Feb. 26* May 27 30 60 2 10 7 2 12 12 2 2 5 5 26 9 95* May 19 56* Feb. 29 98* May 25 91 Sale 32* 12* Sale May 31 52* 26* May 15 30 99* May 23 101* 100 * May 4 100* 95 May 31 99* 47 91 Sale 61 73* Sale 20 15 65* 10* 1932 ......1932 5 9 Sale 98 a ...... 23 Sale Sale s f g 4*s A...1978 A f 4*8 ser B 1981 f Stamped 10-year 6% notes...... 10-year 7% notes.. 1 Sale 103* 1966 86 "47"" 52 1936 M n 1956 26 Sale 30 29* 100* 101* 100 100* Sale 100* 95 99* Sale 65* 39 100 Prices. 66 82 28 25 1941 M n Inter-Metrop coll tr 4*8 Certificates of deposit 38 14* 11 Sale 19 Sale Sale 36* 24* 84* 16 1934 A O 1947 M n ..1940 M N Inland Steel 1st M 197,000 339,000 39,000 Interlake Iron 1st 5s Sale 26* 1949 J 1948 Sale 47 86 Sale 63 75 16 Sale 33 f 6s "17* 25* i 29 A 41 Sale 85* Corp Mtge 6s Sale 29 40* 1933 Sale 95 34 ..1952 J 452,000 Interboro R T 1st Ac ref 5s 1,124,000 40 98* Sale Illinois Bell Telep 1st & ref 5s A. 1956 J d Illinois Steel deben 4*a 1940 A O m 8 Sale .1950 ..1942 J Houston Oil sink fund 5*8 1st 94* Sale 40 a46 J Hoe (R) & Co 1st 6*s A Holland Amer L 6s (flat) 63,000 Sale 2AX Ind Nat Gas 4t OH ref 5s 115",000 70 28 Sale warr s 93* 44* 92* 27* 78 95 Sale D Havana Elec Ry cons g 5s 1952 F Deb 5*s series of 1926........1951 m s Indiana Limestone 1st 75 Sale Harpeo Mining 6s with warr Ilseder Steel 30* Sale 66 m is Sale Highest. Sale Prices Prices. 98 Sale J 20 74 80 45 16s_... 1940 ...1944 f Gulf States Steel deb 5Hi Hackensack Water 1st 4a 15 Sale 20 233,000 Hudson Coal 1st s f 5s series A'62 J d 15,000 Hudson County Gas 1st 5i 1949 mn 169,000 Humble Oil 8t Ref 5*8 1932 J J Deb gold 5a temp 221,000 .....1937 A 0 494,000 182,000 67,000 21,000 Sale J 1936 J Gt Gone El Pow (Japan) 7s 1st 8c gen a f g 6*8 ..... Hansa s s Lines 6s with 83* o F a Sale 79 74,000 Gotham Silk Hosiery deb 6s 38,000 137,000 94,000 40,000 28,000 30,000 76,000 13,000 48,000 1,000 Sale 3* 13,000 Certificates of deposit 24,000 Good Hope Iron Ac Steel sec 7s..1945 201,000 Goodrich ( B F) Go 1st 6 Ha 1947 Convertible deb 6s 356,000 1945 366,000 Goodyear Tire & Rubber 1st 5a...1957 36* Sale Sale 98 80 58 73 3* Sale General Public Service deb 5*8-1939 Genl Steel Castings 1st 5His Gen Theatre* Equip deb 6s... 18 71 98 Sale 79 97* 96* 76* s Sale Sale 59 May 23 69* May 31 18 May 3 a83 May 3 15 May 19 72 May 4 Sale 69* 29 « Sale 39 attached. 1948 Gen Motors Acceptance deb g 6s. 1937 S ( deb g 6s... 60 Sale Lowest. Sale Sale Sale Prices. Ask Bid. Highest. Lowest. May 31. | Ask 70 30 77 76 ~33~~ Dob 6*8 without warrs Bid. 89 23 1941 m s „ Ask. 80 d f 7s May 2. 76* 7s....-1939 1946 Federated Metals RANGE SINCE JAN. 1, PRICES IN MAY. Price bonds May. Value. exchange—bonds 44 May 31 Apr. 18 9* Mar. 14 Mar. 59 2 Mar. 5 5 44* Mar. 10 59 Mar. 79 60 Mar. Jan. 5 19 May 17 30 28 3 32 Feb. 52 Apr. 19 May 31 54 Jan. 14 2 Apr. 20 62* Feb. 64 Jan. 15 54* Jan. 15 Int Agri Corp 1st At coll tr 5s— 92,000 Stamped extended to .1942 M N 147,000 Int Cement conv deb 5s......... 1948 M N 337,000 Internat Hydro El deb 6s 1944 A O 319,000 International Match deb 5s 1947 MN Convertible debentures 6s....1941 J J 418,000 133,000 Int Merc Marine 1st s f 6s... 1941 57* 50 20 2 Sale 2* Sale Sale 3 Sale 41 Sale Sale 1947 Sale 47 182,000 Refunding 6s series A........1955 175,000 Internat T At T deb g 4*s 1952 Convertible debenture 4*s...l939 694,000 Deb gold 5s. 1955 464,000 10,000 Investors Equity 5a A 1947 Deb 5s ser B with warrants 1948 33,000 Without warrants......... 2,000 Sale 493* 19*. Sale Sale 25 Sale 27* 25* 65* 62* 62* Sale Sale 67* 95 94 94* 78* Sale Sale 93 94* 80* Sale Sale 78 13 39 25 44 148,000 Intern Paper v 42,000 399,000 89,000 159,000 45,000 74,000 53,000 4,000 18,000 conv 5s series A Sale Sale 77 65 J KansasCy Pw At Lt 1st g 4*s ser B1957 J 1st M 4*s 1961 F A Kansas Gas Ac El 1st mtge 4*s..l980 J d m n Karstadt (R) Inc 1st Mtge 6s 194 Keltli Corp (B F) 1st ser g 1946 m 6s Sale 8 43 Kendall Co 5*8 with warrants.. 1948 Sale Keystone Telephone 1st 5s....._1935 Kings Co E L Ac Pow gold 5s. 1937 Purchase money 6s 1997 19,000 Kings Co Elevated 1st g 4s .1949 • Sale Sale Sale Sale 45 43 58* Sale 7,000 Kings Co Lighting 1st ref 5a 1st A ref 6*s 12,000 Kinney (G R) Co 33",000 Kresge Foundation coll 413,000 Kreuger & Toll 5s 18,000 with 97 8 O 92 A 73 1960 f a 68 Lautaro Nitrate Co 6s 54 93* 93* 74* Sale 81* 71* 52* 51* 1st 40-yr gu int red to 10 27 28 May 12 4 96 27 95* May 10 May 11 2 83 5 26 17* May May 13 25 40 May 3 4 50 May 2 18 67 5 103* May 13 26 120* May 16 67 May 23 31 May 18 10 96 7 28 106* May 42 82 May 21 May 4 65 78 47 83* Sale 11 Sale 65 73 May 31 May 3 May 31 May 11 81* 82* 54 53* May 3 May 12 May 9 May 17 j 10* 1954 J ...1954 J 88 89 1933 J 4%.....1933 13* Sale 90 3 Sale 90 Sale 50 81 Sale 1* 84 87 3 83* 88 50 56 * May 31 30 May 31 38* May 28 16* May 26 14* May 31 17* May 31 16 May 31 55 Apr. 8 55 Mar. 28 65 May 3 90 Apr. 90* Jan. 74* Feb. "40* May" 27 "51* 47 50 12 46* May 28 70* Jan. 56 21 17 Mar. 12 38* Jan. 15 17 14 54* Feb. 17 66* May 10 70 May 27 70 May 28 51 Feb. 59 Jan. 96 Apr. 28 28 96* Mar. 28 13 86 Jan. 16 13 May 26 25* Jan, 24 May 25 May 4; May 181 63 Feb. 7 20 65 Mar. 5 70 Jan. 9 41 66 98* Mar. 18 103* May 13 6 123* 119 Apr. Apr. 27 Mar. 10 57 May 31 96 13 98* 12 109* 16 56 40* May 27 91* 6 Apr. 14 59* 93 106 45 44 50 65 71 47 49 Jan. Mar. 30 Jan Apr. 26 Feb. Jan. 11 Jan. 4 27 Jan. May 31 Apr. 29 May 31 92* Jan. 98 Feb. Jan. 2 14 1st At refunding 5s 1964 F First & ref sinking fund 5s 1974 F 41 50 A 116 119 116 Sale 115* Sale Sale 102 Sale 79 Sale 100 64 70 Sale 56 84,000 Liggett Ac Myers Tobacco 7s 1944 5s 1951 138,000 321,000 Loew's Inc deb a f g 6s.... 1941 168.000 Lombard Elec 7s without warr.. 1952 With warrants f 97 A 78 A 55* 64* 86 85 51 May 2 May 11 May 6 May 23 16 75* Jan, 14 Apr. * May 16 84 Mar. 31 80* Apr. 48 i 42* 39* 96* Jan. 39* Jan. 35 42 43 39 41 Sale 3 2 2 2 26 May 23, 38 55 54 3 40 -- 39 * May 16 84 May 3 83* May 27 48 May 23 97* 100* 100* May 21 100* May 21 99* 100* 1* 88 i 79* 99* 89* 95* 78 8 Feb. Jan. Jan. 14* Mar. 16 90 Jan. 5 90 Jan. 26 93 Mar. 9 25'100* Mar. 5 29. 44 Jan. 9 17 39* Feb. 2 Jan. Jan. 5 6 5' 43 6 41 7 119 115* May 31 118 Sale 99* May 25 102 Sale 64 May 31 79 57* 59* May 28 71 May May May May Sale Sale Sale May 6 101* Jan. 4 108 May 2481* Jan. 26 92* 91 Feb. 10 100 May 11 j 20 May 23. May 23 46 115* Apr. 96* Jan. 64 57 4 102 May 31 4 Jan. 23 Mar. 15 Feb. 90* Mar. 10 71 May 2 J Lorillard (P) Co 7s 1951 49,000 McCrory Stores deb gold 5*s....l941 1950 263,000 Mc vesson Ac Robblns deb 5*8 Manari Sugar 1st s f 7*s 1942 Stamped Oct 1931 coupon on..1942 "3", 665 88 88 Sale Sale f A 36 J D 75 M N 60 Sale A O 10 19 O 3 O 30 d 1953 8 1943 d 6s.__.1947 O 5*s..l950 Met West Side Elev (Chicago) 4a_1938 Miag Mill Mach 1st s f g 7s 1956 213,000 142,000 114,000 Mllw El Ry At Lt 1st At ref 5s 1st mtge gold 5s Mfr tr ctfs, Namm At Son 6s f g 87 Sale 1990 Manila El Ry At Lt 1st 5s s Sale 96* 2013 Manhattan Ry (N Y) con g 4s 2d *s 147,000 15,000 2,000 27,000 44,000 73,000 60,000 11,000 16,000 40,000 189,000 2,000 12,000 104* 105" 84 f 1952 m N 8,000 Lower Austrian Hydro-Elec 6*8.1944 Marlon Steam Shovel ioo* 103"" 1944 A «■ 142,000 92,000 Loulsv Gas At El 1st At ref 5s "50" 80 80* 9 Sale 35* 97* 84 30 Apr 1940 Q J Mead Corp 6s with warrants.....1945 M n 85" 42 50 Meridional El 1st 7s 60 ...1957 A O Metropolitan Edison IstAtref 5sC.1953 1st g 4*sseriesD_. Met Water, Sewer At Drain conv s ...1968 f 5s ser 1936 B1961 .1971 Montana Power 1st At ref 5s A...1943 Deb gold 5s series A Deferred delivery. 1662 Sale 101 84 33* 103" 89* 94 37 21 59 Sale 52 64 52 Sale 26 Sale 26 3* 5* 3* 31* Sale 25 Sale 22 12* Sale 71 76 84 Sale 32* Sale 79 39 Sale Sale 77 95" 99* 85 80 37 Sale §* Sale 32 Sale 74* 90 Sale 91* 94 89* 91* 93* Sale 70 80 85 Sale Sale 79* 72 "45* Sale 27 20 27 if" 18 14 17 45 25 5 31* 65* a34 58 90* Sale Sale 79 Sale Sale 78* Sale 74 85 Sale 62 Sale "69* 60 May 27 May 31 65 May 10 45* May 3 " 52 Sale Sale 3* May 20 May 27 12* May 31 78* May 14 66 May 24 31* May 27 65* May 19 34 May 31 58 May 31 81 May 26 72* May 21 36 May 4 21 May 12 14 May 13 75 May 27 74 May 5 72 May 26 69* May 31 60 May 20 24 3 * May 20 32* May 11 22 May 24 85 May 23 76 May 1 34 May 13 79 May 2 39 May 2 73* May 6 95 May 3 82 May 4 46* May 25 22 May 12 16 May 3 90* May 2 79 May 2 78* May " 85 May 66 May 10 May May 91 Mar. 26 5* 75 66 83 Sale 16 102* May 31 106* 86 * May 6 89* 92 May 27 100 20 May 23 20 a45 88 Market Street Ry 1st 7s 6 May 21 43 a 7 6 41 Cash sale, 77 9 7 Sale 1954 F r 93 92 May May May 13 May 25* 24 May Sale 41 May 70 66 May 102 May Sale 120* May 66 57 May CK 97 May Sale 106* May Sale Sale 12 Sale 1st Ac refunding 5s. 57,000 32,000 65 65 2 6 Sale First Ac ref sinking fund 5s... .1934 F 1st Ac ref s f g 5s... 1944 F Mldvale St At Ord 16 65 3 2 14 1954 ... 66:000 17* 3 25 45 73 ...1953 F Sale Sale Sale 73* 70 90* 106* 47 A.. 1950 M ser Without warrants 95,000 7,000 Lehigh Coal At Nav 4*8 Cons sink fund 4*s ser C 9,000 6,000 Lehigh Valley Coal 1st 5s "2",666 Sale 10* 30 38* 16* 14* Sale Sale 95 .1959 Sale 44 Sale ... Sale 67 66* 101* 102* 120* 125" 120* 6s....1936 * 65 * 106* 115 1st 5s...1934 A ext 66 Sale 65* 1936 Coll fir ret 5*s series C_. Col & ref g 5*s ser D 17* 14* 17* 17* 67* 1954 war Lac*aw Steel 1st cons 5s 45,000 Laclede Gas L ref At 88,000 71,000 tr a50 30 38 i Sale 63 1954 7*s conv 70* 17 35 * 2 May May May May May May May May May May May May May May 10 6 60 Feb. Mar. 10 Mar. 22 May 11 Mar. 19 Jan. Jan. Jan. 20 2 9 May 12* May 78* May 66 May Mar. 4 43* Mar. 24 7 30 85 83 Apr. 4 May 23 Jan. 13 36 Feb. 19 65* May 92 Apr. 34 51 Mar. 11 21 Jan. May 58 86 May 81 May 26 100 72* May 21 j 85 2 50 33* Jan. 21 May 12 38* Apr. 14 May 75 May 74 May 72 May 69* May 60 Apr. Jan. Jan. Mar. 1 2 7 5 2 Feb. 24 13, 30 Jan. 29 27i 97 Mar. 11 5 94* Jan. 14 26 95 31 95* Jan. 82* Feb. 9 19 29 Jan. 9 N. Y. STOCK Sales in Price BONDS May. Value. Y 21 PRICES IN MAY. RANGE SINCE JAN. 1. Jan. 2 EXCHANGE. STOCK EXCHANGE—BONDS Bid. May 31. May 2. 1932. *-iG» Ask. Highest. Lowest. Highest, Ask Sale Price. Sale Prices Sale Prices. Sale Prices. 77% 77 May 27 75% May 31 a78% May 19 Bid. Ask Bid. Lowest. Montecatinl Min 8c Agr i f deb g 7a 37 000 tr rets with deb atk pur warr.. 69 000 Without warranta 12 000 Mont Tram lat 9c ref A 5a Gen & ref a f a f 5a aer 96 1955 "89*" 1955 Sale 78 80 68 62 66 63% '60" 1955 G 72 62 D 1955 91% 68 55 63% '73" Sale 85" 70 92 40% 1934 6, 000 Mutual Fuel Gaa lat gu 5a 1947 MN 90 100 "91"" Mutual Union Tel 5a 1941 M N 61 50,000 Naasau Elec guar gold 4a 1939 1966 Jan. 2 12 82% Apr, 82% Apr. 84% Mar. 15 60 60 6 69 May 2 May 10 90% May 26 70 26 61 29,000 295,000 N Y Gas El Lt Ht At Pow 5a %4 Sale 72% Sale 1948 o Certificates of depo«ilt..Jan 1942 39,000 N Y Rya Corp inc 6a Jan 1965 Apr Prior lien 6s aeriea A..........1965 J J 11,000 9,000 N Y At Rich Gas lat 6a A 1952 M N % 1962 MN 1 34% Sale 1% 5 3 ..... 1962 MN con 6 Ha aeries B Certificates of deposit Sale 35 107 103 Sale 101 Sale 100 105% 93% Sale" 102% 105% 105% 92 92 92% % 3 Sale 90 ..... 95 101 31 65 Sale 97% 98 Sale 108% Sale 1% 65 Sale 80% Sale 65 50 60 98 35% 109% 65 46 40 Sale 100% 94% Sale 51% Sale 45% 51 46% 39% 35% 59 Sale O Adjustment Income 5(i..Jlan 1942 40 100 80% Sale 70 65 78 40 IVA 99% 82% 103% 97% 54 37 93 1.000 N Y L E At W Goal At RR 6%a 1942 M N Dock At lmpt ext 5a J .......1943 J New York Rys 1st At ref 4a. J 1942 J Certificates of deponit 1942 lat Sale 72 99% Sale 101% Sale ....1944 4%a Certificates of deposit 73% 108 1941 con a 79 Sale 93 Purchase money coll tr g 4a...1949 6,000 N Y State Rya lat 13 98 .... N Y Edison 1st Ac ref *%• lat lien At ref 5a B 20 80 O 40 Sale 96 1940 56% 13 100 82% 77% 100% 26 Sale 56 96 o 43% 43% % 1% 35% 93% 1% 1% 1% . —. 95% Sale Sale 51 90 95 43% 43% % 1947 M N 1951 M N lat mortgage 5s lat mtge 5a 102 104 37% 85 50 1% Feb. 90 3 Sale 3 94% 51% 45% 46 80 N Y Tel lat Ac gena 1 4%a N Y Trap Rock 1st a f g 6a.. 1939 MN 1946 J D Nlag Lock Ac Ont Pow 1st 5a A Niagara Share deb 5Ha 1955 A O 1950 M N Sale 93% a99% "Sale 97% Sale 100 Sale 72 61 91 98 71 94% Sale 56% """ 58 Sale ;• May 28 May 26 May 31 45 May 58% May May May 73% May 99% May May ffl* May 70 103% May 99 May 65% May 65% May 48 May 40% May 110 May 104 May 107 May 94% May 88 May 28 1 May May 89% May 3 May 80 Jan. 20-year a .....1947 M N f 6s Sale 100 88% Sale 99% Sale 60% 70 94% Sale 44 Sale 18 Sale 11% Sale 58 125.000 Deb 5a aeriea C Sale Sale 8 A 82 Sale 8 81 85 75 A 52,000 No Amer Cement deb 6 Ha A 1940 M 138,000 North American Co deb 5a 1961 F 85,000 North Am Edison deb 5a sar A 1957 M Deb 5 Ha aer B 97.000 Aug 15 1963 F 24% 20% 84 81 88*/ 75% Sale 72 Sale 60 Sale 99 96% 95% Sale 101% Sale 93 Sale Not 15 1969 M N 42.000 Nor Ohio Trac Ac Lt gen At ref 6a .1947 M 8 114,000 North States Power 5a A 1941 A O 1st At ref 6s aeriea B 55,000 1941 A O J 23,000 Northwest Teleg 1st 4Ha 1934 J 61,000 Norwegian Hydro-El Nit 5Ha 1957 M N 18,000 Ohio Pub Serrlce 1st At ref 7%a__1946 A O lat Ac ref 7a aeriea B 11,000 1947 F A .... 23,000 36,000 57,000 31,000 Old Bee Coal lat g 6a Ontario Power N F 1st 5s Ontario Power Serr lat 5H« 349,000 19.000 158,000 138.000 147,000 14,000 2,000 78,000 222.000 sec Pacific G At E gen At ref 5a... Pacific Pub Serv 5% g notes Pacific Tel At Tel lat 5a 85 J f 6a Pan-Am Petr (Cat) lat g 6a Certificates of deposit... 1940 J Paramount B'way 1st 5H> 1.000 91 52 Sale Sale Sale 16% 73 Sale 102 Sale 26 26 100 May 90% May 88 May 99 May 60% May 94% May 44 May 16% May 28 11 % May 26 58 May 68% May 25% May 17% May 76 May 75 May 76% May 73% May 97 May r98 May 102% May 91 May 54% May May 96% May 93% May 7 101% May 12 63 May 20 97 May 57% May , 71,000 Penn Dixie Cement lat 6s A 555,000 Penn Pow At Lt lat M 4Ha 6,000 Peoples Gaa At Coke 1st 6a 89.000 Refunding gold 5a Registered... 12 84>f O I 1943 A O 106 1947 M S M S 95 Sale 69 83% 63% Sale 69 Sale 15 Sale 83% May 31 61 May 6 15 May 28 96 Sale 96 26 75 44% Sale 109% 95% 156,000 Phlla At Read C At I ref 5s J 1973 J Conr deb 6s w I 202,000 ......1949 M 8 240,000 Phillips Petroleum deb 5%a 1939 J D 58% 41% Sale 49 Sale 128.000 Plllsbury Flour Mills 20-yr 6s 93% 100 22,000 PlrelM Co (Italy) cony 19521 M N 7s Pocahontas Con Coll lat s f 5s...1957 J Port Arthur Canal Ac Dock 6a 1953 F lat mtge 6s aeries B 1953 F 85 82 80% Mar. 14 58 29 107 3 95 Feb. 80 May 28 80 Apr. 16 May 12 Mar. 15 May 28 43% Apr. 12 % Jan. 6 Apr. 12 89% May 26 % Feb. 17 40 74% 99% 91% Sale Sale Sale 69% 96% 86% Sale Sale Sale 52 Sale 54 Sale Sale a36% 53% 97% Sale 29 Sale Sale 52 Sale 95 Sale 84% Sale 78% 50 98 Feb. 25 Jan. 2 3% May 11 Mar. 15 1 2 Jan. 2 May 10 3% May 11 2 May 10 25 100 May 90% May 88 May 95% Jan. 58 31 28 May May May May May 31 106 Mar. 15 Mar. 2 94% Mar. 22 29 101 % May 12 271 98 261 81 Apr. 9 86% Feb. May 31 70 97 70% Mar. 16% May 28 11% May 26 58 May 68% May 35% Mar. 10 26% Mar. 11 12 10 14 6 16 6 91 Mar. 12 Mar. 5 66 94 Mar.. 1 88 89 Mar. 10 Feb. 101 Mar. 12 May 99% Mar. 4 105% Mar. 11 97% Jan. 15 %S7/» 89 100 Jan. Feb. Jan. 99% May 2 91 May 4 16% May 3 96 May 2 54 May 9 86% May 2 63% May 16 27 May 2 73 May 31 106 May 19 104 May 31 20 101% May 2 86 May 9 103 May 11 102% May 7 101% May 5 10% May 10 8 May 20 58 May 2 32 May 2 28 May 2 18 May 3 1 May 31 9 May 11, 99% May 17| 65 May 6 77 May 5 96% May 31 100 86 May 27 91% 54 62 May 31 29 40 May 31 52 57 May 31 95 May 31 97% 87 9 65 Mar. 11 Jan. 15 23 Feb. 29 Jan. 83 Jan. 11 96 May 21 41 May 28 64 Mar. 11 80 J an. 5 50% Feb. 13 15 May 28 95 79% May r97 50 90 rl03 Feb. 96% Feb. 100 15 Jan. Jan. 7 5 15 11% Apr. 6 Jan. 15 82 60% Mar. 10 May 55 Mar. 10 Jan. 26 Feb. 1 May 8 May May 31 23% Jan. 30 99% May 17 80% Feb. 19 99% Jan. May 4 24 May May 2 May 26 May 2 101 43% 89% 107% 97% 75 May May 88% Apr. 96 Apr. 68 May 96 Apr. 28 90 Mar. 7 100 92% Feb. May 3 83 Feb. 92% Mar. 12 54 67 29 May May 53 Mar. 21 Feb. 20 45 Jan. 62 Mar. 94 Feb. 101 May 16 92 Jan. 80 Mar. 21 89 80 Jan. 80 Jan. Jan. 80 Punta Alegre Sugar 1st conr 7s..1937 Pure Oil Co a f g 5H% notes 1937 Sale 99 Sale Sale 65% Sale Sale Sale ----- 51 91% 23 21% 65 97% 97% 8 68% 40 95 82 Sale 90 Sale 15 Sale Sale 16 Sale 75 10 59% 96% Sale 95% Sale 87% Sale Sale Sale 38% May 85 May 15 May 15% May 31 26 31 26 52 97 24 23 May May May May 4 7 38% May 31 4 85 7 7 15 95% May 31 87% May 26 91 Sale 70 Sale 70 68% 55% Sale 62 55 99% May 21 98% May 6 92 May 4 4 4 67 Sale 60 Sale 67 75 69 Sale 41 42 42 Sale 30 65% 76 70 45 May 26 May 31 15% May 26 56 96% May 31 90 Sale J 78 13 4 4 80 80 Sale 75 5 Sale 2 8 Mar. 21 57% 93 5 Mar. 31 80 84% May 8 Mar. 19 Mar. 11 J an. 75 May 16 13 Feb. 21 80 78 14 Apr. 30 Apr. 7 102% May 101% May Jan. 10% May 4 Apr. 36 May 15 May 14 Mar. 11 71% Mar. 24 94% Feb. 56 May May May May May May May 2 May 57% May 91 68 4 11 Jan. Jan. 44 49 May Mar. 15 89 84% 12 2% Jan. 30 92 1953 1940 M 1948 J Mar. 11 12 Mar. 9 43 29 110% Apr. 23 6 104 89 Pressed Steel Car 10-year 5s 1933 Public Serv E 8c G 1st Ac ref 4Ha__ 1967 lat At ref 4 Ha 1970 1st At ref gold 4s 1971 158,000 Sinking fund gold 5Ha 34,000 Purity Bakeries Corp a f g 5a 27 80 37% 31% 64% 109*666 Jan. Apr. 19 May 11 Mar. 7 14 99 4 25 Sale 24 May 28 36 75% Sale i 75 May 31 85% 100% 105 101 May 27 103 85 90% I 90% May 28 94% Sale 11 J 6a.. 1942 213,000 212,000 94% 39 Sale 112 9 May 12 Jan. A A 104.000 Porto Rlcan Am Tobac 280,006 64% 36 85 11 Mar. 80 89 58% 302,000 Postal Teleg At Cable coll 5a Sale 92% Sale - 82 84% 79% 101 % 101% Sale 99% Sale 99% «101% Sale 101% " 7 8 10% May 4% 7% 5% May Sale 37 Sale 36 May 32 Sale 15 May 15% Sale Sale 27 14 Sale 14 May 16 17 15 May 1 Sale 1 May 4 13 8 May 99% Sale 99% 100% 99% May 56 a62% Sale 56% Sale May 24 105 Jan. 87% 404,000 Portland General Electric 4Hs--1960 M S 60,000 Portland Gen Elec 1st 5a J 1935 J con? 31 19 31 27 85% Sale 96% Sale O May 87 May 9 May 92% May 41 May 73 86% 55% Phlla Company secured gold 5a. 1967 J D 142.000 Phlla Elec Co lat 4 Ha 1967 MN lat 8c ref g 4s 184.000 1971 J D 1943 A 87 Sale 57% May 92 May May 100% May 91 May 50% May 89 80 99% 102% 58 1981 A 302*000 9 May 94 J ..1941 M S —. 66 101% Sale 85% 87 102>i 101% Sale 101% Sale 50 Mar. 13 31 Feb. 104 Sale A 8 - 50 60 1 90 "43" "45" 18 31 Jan. 3% May 11 2 May 10 43 J 1949 M 14 Jan. May May May Apr. 12 12 2% May 10 2 May 10 92% D 1937 M N 99% 90% 4 Mar. 28 Mar. 8 3 Jan. 2 May 7 35% May 2 94 May 10 3% May 11 47 D O Sale Sale 82 J 1944 A 90% 100% 59% Certificates of deposit............ 3.000 Parmelee Trans coot deb 6a 9.000 Peterson At Passaic G At E 5s 37,000 Pathe Exch deb 7a with warr 68% Sale 66% Sale 94 8 1951 Paramount-Forooua-Laaky ia 1947 362.000 Paramount Prabllx Corp 5 Ha 1950 F 25,000 Park-Lexington leasehold 6HS-.1953 J 79 52 J ...1936 M 1937 J Sale 91 1952 M N 1934 MN 36-year 5a aeriea A coot a 100 A 1942 J 104 103% 107 15 1945 M N 95 Sale Sale 97 A 1963 M S 1941 M 8 Sale Sale 54 1943 F g 6s aeriea A... Pan-Am Pet At T 102 1950 J f g 5s a 95 1944 F Ontario Transmission 1st 5s 42,000 Oalo Gas Ac Elec est! 124,000 Otis Steel 92% 25 25% «17% 74% 15 Mar. Feb. Nordeutsche Lloyd (Bremen)— 229,000 9 95% Mar. 10 21 % May 2 99% 95% 81% 28 104% Jan. 23 25 May 28 11 May 21 8 Apr. Apr. 12 Apr. 25 12 13 11 12 11 26 25 32 5 90 69 May May May May May May May May May May May May May May May May May May 13 3 3% 13 2% 104 May 9 92% May 27 Feb. May, 6 77 40% Mar. 18 40% 68 May 10 95% 90% May 26 100 43% Apr. 12 1 2 Sale ----- 99% 1956 M N 1 50 1% 30% ----- 100 2 New York Steam 1st 6a 8 86 Sale 72 12% Sale D 100 80 5% 71% O 99 May 68 Sale A 1948 50% 61 Sale 20 Sale 1960 203,000 139,000 772.000 19,000 35,000 98,000 Jan. 67 3 3 2 43% 58% 87% Sale 60 86 D 161,000 New England T Ac T 30-yr 5a A...1952 lat g 434a aeriea B 203,000 1961 M N 88,000 New Orleans P S lat At ref 5a A...1952 A O lat At ref 5a B 48,000 1955 19,000 N Y Dock 50-year gold 4a.. 1951 Serial 5a g notes 55,000 1938 91.000 68 75% Jan. May May May 60 91% 62% Sale 40% 50% 70 Sale 99% 80 A .... 8,000 Newark Con Gaa 5a 31,000 N J Pow 8c Light lat 4%a 8,000 Newberry (J J) Go 5%s 74,000 79 82 79 62 88 D Acme lat mtge 6a. ...1942 National Dairy Prod deb S^[i 1948 31,000 Nat Radiator deb 6%a 1947 248,000 Nat Steel lat coll 5s 1956 211,000 53 72 Sale 69 99 % 41% ...1951 74,000 National 1,657,000 2,000 Sale , aer 124,000 Morria & Co lat a f 4%a Mortgage-Bond Go 4a aeriea 2 11 000 Murray Body lat 6H* 19*000 75 79% Sale 63% 80 78% 78% 82 Sale 67 1941 General Ac refunding 5a A Gen 8c ref 5a aeries B Gen & ref 77% 1937 ..... May 31 66% May 4 May 26 75% May 12 71 May 24 60 May 2 Feb. 5 65% Jan. 22 98% Jan. 22 42% Mar. 9 39 Jan. 5 91 Feb. 11 79% Apr. 20 99% May 21 98% May 6 83 Jan. 30 93 91% Feb. 24 Mar. 31 4% Jan. 25 65% Apr. 4% Jan. 25 76 Mar. 9 62 73 79 55 Apr. May 26 Mar. 12 Mar. 11 Radio-Keith-Orpheum part paid ctfs 6,000 for deb 6s 8c com stk ......1937 M N 365,000 Remington Arms lat a f 6s.......1937 M N 248,000 Rem Rand 5Ha A with warr.....1947 M N 22,000 Republic Iron 8t Steel a f 5s... 1940 A O Ref At gen 5 Ha A 35,000 J 1953 J < 44,000 Rerere Cop At Br 6a ...July 1948 M 8 64,000 Rheinelbe Union a f g 7s.J ...1946 J 76,000 Rhine-Ruhr Wat Serv 6s..... 47,000 Rhine-West Elec Power 7s.. 94,000 183,000 153,000 Direct mortgage gold 6a Cona mtge 6a...... Cons mtge 6a with warrants rCash sale. 47% 51 45 60 Sale 57 Sale 30 24 Sale J 20 Sale 15% 1950 MN 55 60 1952 MN 32 Sale 1953 J ...1953 F A A O 1955 Deferred delivery. 51 70 31% Sale 31% Sale . —. Sale 58% Sale 47 30% 50% 17% 56% Sale 50% 16% 20 12 12 a37 Sale 22 Sale 35 28 Sale 25% Sale 25 Sale 22% 20% 20% Sale Sale Sale 28 21 18% 18% May May May May May May May May May May May May 27 18 31 26 27 28 24 31 19 25 26 19 51 May 79% May May 60% May 40 May 57 May 24% May 17 May 37 May 42 28 May 26 May May 25 27 51 10 67 2 6i 12 i 21 2. 11 30 21 2\ 28 2 18% 18% 2 47 30 49% 16% 12 21 May 27 104% Jan. 5 85% May 31 54% May 26 85 May 27 61 Jan. 22 57 May 24 41 May 31 30 May 19 68% May 25 45 May 26 41% May 19 40% Feb. 16 Feb. 5 Mar. 8 Feb. 10 Mar. 23 May Jan. 2 9 Jan. 7 Jan. Jan. 8 Jan. 18 Jan. 18 8 N. Y. STOCK 250", 14, iS: 26, Bid. Richfield Oil Calif of 1944 6s_ 10 % Certificates of deposit Hi ma Steel s f 7s 1955 — C.-.l'MS Rochester Gas & El 5%s ser Gen Mtge 4 %a series D Roch A Pitts C A I pur money —1977 5a_1946 Royal Dutch deb 4s with warr—1945 Ruhr Chemical 6s 1948 St Joseph Lead deb 5%« 1941 St Joseph Ry L H tk P 1st 5s 1937 St L Rky M A Pac 5s stmpd 1955 St Paul City Ry Cable 5s 1937 F A M S O A O 72 20 Schulco Co guar 6%» 14. Sharon Steel Hoop 8 f 5^1 MN 269, J 904, 061, f deb 5s Shell Union Oil s f deb 5s Deb 5s with warrants.. 274, 27, ilemens A Halske sec a O Shlnyetsu El Pow 1st 48, 520, 53, 32, 119, 483, 278, 521, 141, 183, 141, 140, 324, 176, 11, 756, 287, 48, 1, "~6~, 7, 1952 .—-1942 1935 Debenture s f 6 %a ...1951 lierra A San, Fran Power 1st 5s—1949 lilesia-Elec Corp gold 6%s 1946 iilestan-Am Corp coll tr g 7a 1941 Sinclair Cons Oil 1st lien 7a 1937 1st lien coll 6%a B ...—1938 Hnclatr Crude Oil 5%a aertea A--1938 Sinclair Pipe Line 20-year 5s 1942 Jkelly Oil deb s f 5 Ha 1939 Smith (A O) Corp 1st 6%a 1933 Solvay Am inv sec g 5s A 1942 — Jouth Bell T A T 1st s f 5s D J 70 58 45 M 8 42 F A Sale 25 Sale Sale Sale 60 58 62 Sale 57% Sale 39 H Sale 37% Sale 32 Sale 83% 2 Sale 90 42 9234 20% 16% 22 88 % Sale D 72 Sale 86% Sale J 93 Sale 90% Sale 94 Sale; 50 58 Sale O 8 M N M S 43 101 90 100% 89 A..—1945 100 72 % 102 % Sale 70% IX 2% Sale 57 Sale 96 74 66 Sale Sale 99 Sale 82 82 Sale 15 2% 65 % 27 26 31 31 31 39% May 2 r4% May 11 54 May 12 2 43% May 90 May 3 17 May 20 24 May 6 89 May 2 86% May 2 99% May 18 96 May 13 60 May 11 100 May 2 74 JMay 27 102 } May 7 103 May 20 81 May 11 101% May 13 3 89% May 19 May 2 1% May 5 May May May May May May May May May May May May May May May May May May IX May 3 ... Syracuse Lighting Co 1st g 5s—1951 renn Coal Iron A RR gen s 1951 99% 99% 82 Sale Sale 30% Sale 65 99 101% Sale Sale 84% 97% 93% 56% Sale 99% Sale 81 Sale 13% 20 86 Sale 100 Sale Sale 23 1942 Sale; 101% 83 Sale 99% 95% 56% 96% Sale 95 Sale 98 m 27 86% Sale 84% Sale Sale 80% May 13 40% May 2 75 May 3 32 Myy 9 68 May 6 64% May 6 64 May 4 May r4% May 44- 15 10 22 Sale Sale Sale 46% Sale 3i% Sale 88 82% Sale 43% „74 41% ' 4 60 92 "im Sale Sale 4 46 3% 71 % 161" 100% 166% 103 101 May 25 103 May 95% May 4 95% May 95% 97 X 93 60 100 Feb. 19 14% Feb. 26 Jan. 5 99 Mar. 16 17 39 Mar. 24 92% Jan; 5 20 Apr. May May May Apr. 75 76 37 12 19 31 16 18 75 35 44 88 Sale Sale Sale Sale 89 Sale Sale Sale May 24 May 31 75% May 31 35% May 31 19 May 26 84% May 27 75% May 31 43 May 4 99 May 2 Sale 34% May 19 97 9 4 Mar. 3 Feb. 6 Feb. 5 Feb. 19 Feb. 3 78 30 91 85 42 Apr. 18 Feb. 10 Jan. 2 50% Jan. 13 82 Jan. 7 44 Jan. 8 78 Jan. 15 71 Feb. 13 71% Feb. 13 50 40 May May May 25 May 60 May 56% May 57 May S A 5s..-1954 Southern Colorado Power 1st g 6a *47 Stand OH (N J) deb g 5s..Dec 15 1946 Stand Oil (N Y) deb 4%a 1951 Copper A Chem— Conv deb 6s series B 69 Sale H 3 20 19 20 14 65 50 50 62 % Sale A 31 26 92 50 70 35 58 70 30 67% 60 59 58% 31 r71X May 4 24 24 May 7 19 78 May 5 31 80 May 11 16 41 May 16 70 35 58 45 40 69 82 "40"" 54 44 "67" 68% May 20 May 75 May 76 May 37 May 28 73 65% Sale Sale 60 Southw Bell Telep 1st A ref Sugar Estates Orlente 7s Certificates of deposit 98 J 1941 Stevens Hotel 1st 6s series 50 50 Sale D Jhubert Theatre deb 6s 1 g 7s 37% 84 % 48 Sale 19 40 62 55 5% May 5 Apr. 26% Feb. 92 May 90 May 51% 68% 94% "76" Sale 45 Highest. Sale Prices. Sale Prices. aS May 28 5% May 10 36% May 2 96% May 4 92 May 16 31 90 92 82 40 Salp Prices. 5% May 3 534 May 10 May 19 92 May 20 90 May 14 mOA": 9% 30% 9634 78 78 90 10% 70 Sale 24 II 25 26 A -1948 -1952 M N 1947 MN -1949 A O Shell Pipe Line s Sale" "75" ~ §X . Lowest Highest. Sale Prices Ask- 92 22 J -1946 1946 B Guar sinking fund 6%a 95 IVI N 1937 San Antonio Public Serr 6s—-—1952 86, 91, 98 A 7 Sale 82 Guaranteed 5s 15" 6 'V'■ 36 % 95 90 39 ~90" M N Bid Ask. 5% P8>^ 12 ir S M Bid. Ask. Sale Lowest. May 31. May 2. 1932. $ 27, 2, 57, 19, 5, RANGE SINCE JAN. 1. Jan. 2 8TOCK EXCHANGE Y PRICES IN MAY. Price St BONDS N. EXCHANGE-BONDS Feb. 10 40 70 May May May May 31 26 27 26 93 35 58 25 57% Mar. 28 47 Mar. 28 47 Mar. 28 32 59% Jan. 21 r4% May 11 42 78 May 1% Mar. Apr. 27 83 Feb. 13% May 20 May 72% Jan. 68 19 4 8 Mar. 24 Jan. 28 90 41% Jan. 93% Mar. Jan. 99% May 18 96 May 13 Apr. 27 101% Feb. 15 91% Jan. 89% Jan. 43 17 3 59% Feb. 95% Mar. 18 May May Jan. 61 96 66 May May 97% Jan. 96% Jan. 65 May 102% Apr. 27 103% Apr. 28 93% Feb. 27 99 rl02 Feb. 28 Jan. 15 May May May 1% % 98% 95% Mar. Mar. Apr. May 82 Jan. 89 13 5 Mar. 11 Feb. 8 X 103 Feb. May 21 23 16 9 4 101% Jan. 15 Jan. 14 renn 33, 215, 708, 116, ,461, 68, renn Elec Power 1st A ...—1944 ref 6a 46 96 1947 .1944 1966 Jan lu60 1937 deb 5s rexas Corp conv 50 93 % Sale 75% Sale 29 % Sale 29 X 29% 90 X 94% a88% Sale Sale 673, Tobacco Prod Corp deb 6H' 171, 146, Tcho Elec Power (Ltd) 7s ser A—1955 55 Sale 44 Sale 6% gold notes .....1932 n Tokyo Eloctrlc Light (Ltd) 1st M 6* % Series June 15 1953 J D Trenton Gas A Elec 1st 5s.......1949 M Truax-Traef Coal conv 6H« 1943 MN 94 X Sale 99 Sale 75% 35% 19% 8334 75% 44% 9934 Sale 36 707 72 94 "'5' 19, 199, rhlrd Ave 1st ref 4s. Adjustment Income 5s rhlrd Ave RR 1st gold 5s Trumbull Steel 1st 31 1946 M N J Twenty-third St Ry imp A ref 5s. 1962.. Tyrol Hydro-Elec Power 7%a 1955 Guar sec a f 7a 1152 F A VI 8 80, Ijlgawa Elec Power 7s. Inlon El L A P 1st g 5« (Mo) 79, 80, Inlon Elec LAP (111) 1st 5Ha... 1954 J 16, 27, 59, 508, 23, 312, 194.' Chic 1st 5s.......1945 46, 110, 8, 37. 50, 125, A Inlon Oil Cal 30-yr 6s ser A May 1942 F First lien e f 5s ser C Feb 1 vi Apr 1945. ; Deb 5s with warrant J 12% 99 United Steel Wks g 6%a ser 97 d 72% 77%' '— United Stl Wks(Burbach) s 8 J J 1947 J J f g 7s 1951 A O Universal Pipe A Rad deb 6s....1936 J 1953 A O Utah Light A Trac 1st A ref 5s.. 1944 A O 1944 F A 94% 91% Sale 38% 48% 39 Sale 70 21 90 Sale 26 21 Sale 83% 85 Utah Power A Light 1st 5s Utica Elec Lt A Pr 1st s f g 5s....1957 "4" Utica G A El ref A est 5a...... 1950 100 313 863 Utilities Pow A Ltg deb g 5%e 115 Vanadium Corp (Am> conv 5s... 1941 A O Vertientes Sugar 1st s f 7a 1942 J D .......1952 J J 20 Debenture gold 5s 64" 2 4 53 329 45% 43% 1959 Victor Fuel 1st a f 5s 206! *47 85 "15" Sale Sale 15 Sale 11% 82 77 : 20 "25% Sale 106 109 «34 1 '94" 40 99 % O 19 O 19 23 20 Sale 13 26% Sale s f 6s series A Warner Bros Pictures .1945 A conv deb 6*1939 M S "91" 99 57 11 97% Warren Bros Co deb 6s 1941 S 41 Sale 31, 13, 75, 302, 179, Wash Wat Pow 1st 30-yr 5s Westchester Light gold 5s 1939 J J 100 Sale 1950 J D 101% 104 100 % 101 289, 46, Western Electric deb 5a..1944 AO M West Penn Pow 1st 5s series A... 1946 M 1st 5s series K. 1956 J 8 1963 M 1st secured 5« series G 5s_...1938 J 99 D J Fund A real est 4 %• gold 1950 M 15-year 6 %• gold 1936 P A J D M f deb 6s a 7% 7% 23% Sale 14 j May 24 16% May 2 May 2 15% May 26 20 99 May 18 100 May 6 7% May 24 7% May 24 Sale 89% May 50 May 97% May Sale 61 3 May 11 52 Sale 50 61 May 86% Sale mx Sale Sale 50 Sale 63% 46% 44% 19% May 2 May 23 May 24 May 2 May 2 May 31 May 16, May 3 May 2 May 2 12% Sale 1948 J J 72 Sale Sale Sale 101 Sale 49% 6 19% 17 15 6 9 3% 1% 1% 1% 9% 10 6 . 7 90 85 78 Sale 65 Sale 62 70 Union Oil 9X 9X 10 UH 42% Sale Sale 101 10 5 36 Sale 5 5 3% IX ""3" IX 2% 2% IX 3% 1% 1% 1% 79 ' Sale 1 15 3 Jan. 20 Jan. 16 15 26 65 Mar. 24 Feb. 10 Feb. 27 22 May May 53 Apr. 8 51 71 Jan. 16 Jan. 23 54% Apr. 99% Jan. 99 Jan. 101 Feb. 28 24 Feb. 4 98% May 5 80 Jan. Mar. 17 99% Mar. 24 87 May 62% May Apr. Apr. Jan. Jan. 48 101 May 791% May 69 3 3 101 98% Apr. 31 May 94 May 101% May 10 93 29 1 Mar. 11 ,40 Jan. 59% Jan. 84 13% May 26 32 14% May 24 10% May 17 30% Jan. 30% Jan. 92% Jan. a69% May 19 13 20 Mar. 30 Jan. 9 6 15 14 15 9 23 May May 62% May 35% Mar. 56 80 Jan. 8 91% Jan. 14 97 Jan. 1% May 25 49 45 101 10 10 10 3 1% May 25 Jan. 98% May 12% May 10 May 30 May % May 10 Apr. 91 May 45 Apr. 96% Jan. 13 Apr. 20 Jan. 10% May 10% May 60 Apr. Mar. W 6 Jan. 7 Jan. Jan. 12 16 Feb. 10 15 Jan. 14 14 Apr. 4 95% Apr. 14 69% Jan. 22 4 100 Mar. 18 25, 22 41 22 Jan. 4 Feb. 19 28 Jan. 14 31| 40 Jan. 12 66 Jan. 5 3 67 Feb. 27 14 14 Jan. 18 15% May 26 32 Mar. 11 4 103 97% Jan. 241 7% May 7% May 24 Jan. 19 6 23% May 31' 50 95% Feb. 23 101% 100 Feb. 11 105% 96% Feb. 13 102% 94% May 31102 96 Feb. 8rl02 89% May 31 100 Jan. 19 Jan. 15 Apr. 13 Mar. 12 Jan. 9 Jan. 8 Apr. 13 Mar. 11 50 11 50 Mar. May 311 86 Jan. 80 May 97 Jan. 50 May 75 Jan. 36 May 35 May 72% Jan. Jan. 27 12% May 77 Jan. 40 May Jan. 30 May 19 65 6 101% Apr. 96% Jan. 8 10 Jan. 8,% Jan. 8 Jan. 10% Apr. 8% Apr. 11% Mar. 3% Jan. 3% Jan. 1% May 1% Apr. 16 16 2 4 14 15 21 30 20 1 8 5 8 5 el* 1% 50 71 Sale 71 Sale 50 Sale 44 57 X Sale 51 Sale 45 5s ser O 193 5, sold May May 36 May 35 May 12% May 40 May 30 May 100 May 10 May 8% May 9% May 57 '83"" Mar. 13 Jan. 100% Apr. 27 Feb. May 6 23" 50 Sale 62 34% May 60 89% 42 Deferred delivery. 10% May 14 10% May 31 Sale Sale O May 11 Sale Sale ..1970 A 13 95% May 20 45 May 20 99% May 2 13 May 11 Sale Sale ... May 31 May 20 97% May 28, 60 19 49 41 MN 99% May 3 23% May 2 2 23% May 39 May 11 9 1% May 3 98% May 12% May 26 10 May 25 30 May 2 % May 25 97 X 44 x J 4 9 7 60 42 J 11^ Sale Sale 97 9 Mar. 11 97 May May 74% May 64 Sale Sale 1940 MN ; "26% 2 2 2 97 % 78 76 46% 5 Mar. ir Jan. 99% May 25 32 100 Sale 8 50% Mar. 93 68 May 2 May 31 32% May May 3 101% May 13 101 Sale" 100% May 4 103% May 23 100 X 101 101 Sale 100% May 3 102 May 24 100 % 101% 94% Salo 94% May 31 101% May 11 190 x Sale 99% Sale May 7 99% May 27 102 100% 100 104% 102% Sale s f g 6s_.__.1933 MS s f 6s 1941 A O Youngstown Sheet A Tu 1st 5s A 1978 J J Cash sale, Sale Sale" . 9 Mar. 10 49% May 14 73 O May 26 May 24 62% May 31 91 7% 98 Mar. 75% May 42% Apr. 22 May May 16% May 73 May 56 45 20% Willys-Overland 1st r 100 83 94% Jan. May 18 23 45 16% Sale 102 ..... 84 8 May May May May May May May 27 May 5 May 5 May 12 May 6 May 2 "19" Sale 70 Wick wire-Spen Steel Co 7s .Jan 1935 Ctfs dep Cnase Nat Bank 1st M 5a series B Sale J Wickwire-Spencer Steel 1st 7s...1935 I Ctfs dep Chase Nat Bank Wilson A Co 1st Sale S 1953 A WMte Eagle Oil 5%* »'37 with war M White Sewing Machine deb 6s. ..1936 J Without warrants s Sale 1953 J . Wheeling Steel Corp 1st 5 Ha 1st and ref 4H* series B Partic 105 53 43 5s......................I960 Wes'phaltb Un El Pow 6s N Sale 101 30 36 May 26 May 24 May 17 May 19 I WA Sale 20 100 May May 71% Jan. 35% May 19 May 88 79 12 % 12% Sale 10% Sale 60 107" cur "12% 59 J 46 31 27 40 31 60% 2 101 3 101% 19 100% 27 31 27 97 31 98% 76 31 28 96% 5 72 May 31 33% May 31 13% 14% I 10% 70% a69% 16 11% Sale 85 Sale 62% May May May May May May May May May May May May 25 80 Sale 98% Sale 13% 66 J coupon 40 12 13" O D Gold 56 Sale O 1939 J '39 J Western Union coll tr Sale A 28 94 Sale 63 62% 62% Sale 97% 106 16% Sale 1st 2 May 55% May 15 97 % 24 H Walworth Co 6 Ha ser A (with war) '35 A Without warrants 31 23 113% 100 Sale 15% Sale 15% Sale 35% IX % 23% 23 % 39% May 20 Sale 92 35 25% Sale 34% Sale Sale 69 % 1941 J 148 Sale 30 96 Stamped July 1931 166" 66% Sale 22 35 75 19 18 61 Warner Sugar Ref 1st 7s... Warner Sugar Com 1st 7s... 232 87 J 16 51" Sale 8 8 r2" 87 S 1939 M 8, 8, 97 1934 J Warner-Quinlan deb 6s 8, 69 1949 M 5%s__ 99% Sale 73 50 12 15 101 Sale 69 30 63 47 6 14 Sale 91% 1942 M conv 40 76, 101 % 100% 95 Virginia Ry A Pow 1st Gs.. Without warrants 35, 129, 240, 247, 237, 81, 78, 100% 100% 100% Sale 60 Sale Sale 55 92 Va Iron Coal A Coke 1st g 5a Va Elec & Pow Warner Co 1st 6s with warrants.1944 A 2 Sale 92 103 90 % 22 31 86 26 27 Sale w* 73 96 72 20 23 % 73 Sale 22 76 96% 21 D (Jnterelbe Power A Ltg 6s 90 I May 25 25 May 31 49% May 31 38 97 "96 X 95 % 91 % May 12 May 11 May 4 May 6 May 27| 63 102 40 10 8 27" Sale 60 87 1932 M N A...1951 J D .,1951 J D Sinking fund deb 6%a sot A 97 May 6 May 14 May 25 68 Sale 40 45 Sale 56 60 99% 100% Sale 101% Sale 99% 100%l 100% Sale A M 5s-.195* receipt* "45" Sale 96 99 Sale 49% Sale 30 O Inited Drug Trust 8 Sale 41% 55 60 77% 45% 30% 90% 90% 47% 99% 99% "23"" 20 55 X 56 53 O \1 N Series C 99% 41 inited Biscuit (Amer) deb 6s....194'. United Rya St L 1st g 4a.„......ll934 J U S Rubber 1st A ref 5s rerles A.. 1947 J 38 45% Sale "25"" "26" 1933 M N United Steamship 15-yr 6s 196" 87 J .1932 M S Rofundlng5s— Inlon Elev Ry so: Sale 84 2022 MN t 6s ■ 73% Sale 44% Sale 40 88 on May" 23 2 May 31 May 17 May 14 83 Ja n. 5, $1.000 at May 6 May 57% May 57% May 2 3 2 1% May 79% Apr. 71 May 44 May 45 May 73. "Deferred delivery,** 23 28 31 17 14 3% Jan. 92 22 Mar. 12 85% Apr. 28 72 72 Mar. 10 Mar. 11 New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING Stock Sales— May 1932. Shares . lots, except in the a 153,717,978 AGGREGATE SALES. In May. a Alabama Bid. Ac 820 600 2,000 200 98,300 Coast Line RR 100 Baltimore At Ohio.... Preferred 100 27*4 Sale 15*4 Sale Preferred ...100 Bangor Ac Aroostook 50 Preferred 100 7,000 May 31. Ask. Bid. Ask. .100 100 - 2,125 Central RR of N J 100 25 Chicago Ac Alton.. Sale 19*4 20*4 73*4 23*4 Sale Sale 45 Sale 15*4 8*4 Sale Sale Sale 10 Sale 12*| 14 3*4 Sale 6*4 Sale 17 55*4 60 36*4 61*4 60 Sale 64 *§* xl3 Sale 48*4 62 a 24*4 Sale 45 VA Sale 4*4 Sale 30 6 Sale 4 11*4 Sale 11 Sale 56" "67" 30 40 52 6 38 10*4 7*4 Sale 30*4 100 30 C C C At St Louis pref 100 28,400 Chicago Great Western..100 80,400 Preferred. 100 32,900 407,922 Chicago Ac North West...100 2,500 Ac Pacific..• 100 7,400 Preferred 125,900 Chic Rock Isl Ac Pac 21,200 24,200 50 Sale 40 65 80 68 28 *4 45 54 27 30 Sale *4 1 16*4 5 *4 *4 5 100 3*4 10*4 .... Sale Sale Sale 10*4 2 2 1 Sale 510 5*4 Sale 6,900 13,300 100 .100 50 Preferred......... 100 100 Duluth South Sh Ac Atl_-100 500 Preferred....—.......100 64,700 Erie 400 3,700 23",700 .100 First preferred 300 47,700 700 520 760 15.200 29*4 6 15 35 43 Sale 9 Sale 5*4 10 175,000 Interboro Rapid Transit ... 100 600 10 5*4 3 6*4 ..... Prior preferred ..... ........ 60 284:166 3,272:233 ..... ... * No par 23 10 11 Sale 2*4 11*4 Sale 5*4 Sale 15 5 8*4 7*4 Sale 20*4 4*4 8 3*4 Sale 1*4 1 "6"" 10 *4 3 Sale * "6 _ 3 3*4 175* ...M. 175* Sale lH u 10*4 12 22*4 Sale 8*4 12*4 Sale Sale 26 30 30 .100 8 Sale 10 35 Sale 50 100 175 Sale Sale 5*4 Sale *4 1*4 4*4 7 Sale 23 4 24 Sale 1 11*4 5*4 5*4 .100 .100 .100 * lioo 100 100 9 7 Sale 13 H Sale 50*4 Sale 15*4 Sale 91 29*4 Sale IIIII 125" 25 3 140 May 5*4 May 1*4 May 4*4 May 2 May 54 Apr. 4 5 10 May 18 May 7 May 11*4 May 5 3 4 31 31 25 26 25 13 May 18 6 May 4 8*4 May 11 42*4 May 31 9 May 31 1*4 May 28 6*4 May 7 8*4 May 11 20*4 Mar. 69 Jan. 15 Feb. 6 Jan. 20 31*4 Jan. 14 70 78 1*4 Jan. 18 2 15 Feb. 56*4 Apr. 22 4*4 Jan. 11 15*4 Jan. 22 3*4 Jan. 5*4 Jan. 14 12*4 Jan. 15 31 22 Jan. 60 Fee. 15 17 Mar. 5 Mar. 26 Mar. 26 14 10 42*4 May 31 9 May 31 1*4 May 28 13 16*4 Jan. 22 27*4 Jan. 14 24*4 Jan. 14 Mar. 23 Apr. 15 8*4 May 11 May 7 13*4 May 6 2*4 May 14 5 Apr. 29 30 Mar. 24 6 60 Mar. 14*4 Jan. 8 2 May 31 2*4 May 19 11*4 Jan. 2 Mar. 22 17 89*4 Feb. 13 28*4 Jan. 13 9 Jan. 15 6 27 May 25 5*4 May 28 6 Jan. 27 10 *4 Apr. 20 *4 Apr. 11 May 31 2*4 May 19 2 May 25 10 *4 Apr. *4 Jan. Jan. 13*4 Jan. 9*4 Jan. 28 11 5*4 May 28 11*4 May 10 2 Jan. 25 Jan. 14 8 Jan. 14 14*4 Jan. 21 2 4*4 May 4 5 May 9 3 May 12 Sale 2*4 Sale 6 Sale 40 13* ..... 17 2*4 3 4 Sale 97 120 Sale 2*4 May 7 4*4 May 13 8 May 31 24*4 May 26 37*4 May 12 5*4 May 12 May 20*4 May 4 May 3*4 May 31 26 28 5 31 1 May 31 May 5 3*4 May 27 1 4 May 26 8*4 May 25 6*4 May 13 7*4 May 26 24 May 28 4*4 May 31 *4 May 27 1*4 May 3 4 May 21 *4 May 4 *4 May 19 *4 May 13 *4 May 28 8*4 May 12 1*4 Sale 1*4 May 25 2*4 May 26 3 Sale 18*4 May May 3 4*4 May 13 5*4 Jan. Jan. 20 18 22 May 7 May 7 May 19 6 May 3 8*4 May 11 18 1*4 May 26 May 5 5*4 May 16 1 1*4 9*4 3 7*4 11 *4 Sale *4 Sale May 27 May 31 May 31 Sale 9*4 May 28 1*4 May 18 2*1 May 19 82*4 May 18 2*1 3 88*4 Sale Jan. 36 Jan. May 3 May 19 May 4 May 19 May 6 May 7 May 12 2 May 3 May May 6*4 May 18 29 15 5 14*4 Jan. 28 14*4 Mar. 7 12*4 Mar. 5 31 5 27 1 May 5 10*4 Jan. 14 May 26 8*4 May 25 6*4 May 13 7*4 May 26 3 Jan. 25 13*4 Jan. 22 23*4 Jan. 18 18 Jan. 12 32*4 Jan. 14 May 28 4*4 May 31 *4 May 27 3 . Mar. 11 Mar. 8 Jan. 15 1 Jan. 29 Jan. 26 Mar. 31 Mar. 2 Mar. 4 *4 *4 Vs *4 7 9 May May Jan. May May 21 4 12 13 28 Jan. 8 1*4 May 26 3*4 May 28 . _ 3*4 Jan. 16 3*4 Jan. 20 Mar. 14 14 7*4 Jan, 22 21*4 Jan. 22 3 7 May 25 May 26 10*4 May 11 Apr. 8 May 27 *4 May 20 *4 May 31 9 22 26 4 Jan. 12 Jan. 12 May 31 *4 May 31 57 1*4 Sale 48 24 *4 May 8*4 3*4 31 26 28 5 31 4 May 11 May 11 12 Apr. 20 18*4 Jan. 22 26*4 Jan. 18 2 2 2 2 11 34 3 30*4 Jan. 5*4 May 12 May 20*4 May 4 May May 3] Mar. 12] 1 May 1 May 3*4 May 12 25 5*4 May May 8*4 May 12*4 May Apr. 20 8 May 31 24*4 May 26 9 65 9*4 2 3 1*4 May 26 3*4 May 28 59 Sale May 3 4*4 May 13 1*4 Sale 3*4 Sale 65 10*4 2 4*4 Sale 15 Sale 5*4 9 108 114 Ex-dividend. 1 8 19 41 11 1st preferred ....100 New Or! Tex Ac Mexico ....100 New York Central 100 x Sale 27 27,000 N. Y. Chicago At St Louis.100 Preferred 27,200 100 5,125 New York Ac Harlem 50 20 10% non-cum pref 50 value. 1*4 4*4 16 20 N Y Lackawanna At West. 100 8,800 2,300 1,230 4*4 21 18 1,990 Nash Ghatt Ac St Louis.-.100 2,400 Nat Rys of Mex 2nd pref 100 150 3 30 9 130 Morris Ac Essex............50 150 8 25 .100 11,800 24,200 700 6 Sale 100 2 58 30 25*4 Second preferred...... .100 .100 ... Sale 1 10 *4 21 .100 252,900 Missouri Pacific Preferred 490,205 50 5*4 11 2*4 .100 11,700 8,000 100 1,300 4 3 .100 3,420 Manhattan Ry guar Mod guar 294,700 550 Market Street Ry 100 Preferred 1,900 Minneapolis Ac St Louis. 4,400 Minn St Paul Ac S S M... Preferred 4,600 Leased line........... 2,940 106,100 Mo Kan-Texas Preferred 59,447 2,000 3 1 *4 Sale 4 18 100 4*4 May 8*4 May 13 4*4 May 7*4 May 6*4 May 48 10*4 Sale 11*4 30 37*4 100 ...... 31 31 25 26 25 26 25 15 50*4 Mar. 78*4 Mar. 10*4 Mar. 5 5 8 May 5*4 May 1*4 May ,4*4 May 2 May 31 31 27 27 4 *4 May 26 1*4 May 26 *4 o 14 21 14 14 10 2 100 Central 21,600 Kansas City Southern 5,900 Preferred.. 25,200 Lehigh Valley 64,500 Louisville Ac Nashville 30 4 *4 M 48 5*4 1 *4 May 26 — 2 18 Jan. Jan. Jan. Jan. Jan. 1*4 May May 55 ... » Preferred 1,400 5 *4 V2 *4 Sale Sale 2*4 1*4 2 7*4 Sale Certificates of deposit..100 440 Int Rys of Cent Amer Certificates..—- 4*4 5 Sale 5* 11 2 — 100 Jollet Ac Chicago RR 7% pflOO 120 20 2*4 *4 *4 4*4 4*4 6*4 2 Jan. 41*4 21*4 41*4 24*4 79*4 5 Sale 7*4 12 86 8 12 26 May 19 19 13 Sale -100 100 9 Sale 60 ..100 10 16*4 12*4 53 Sale RR sec stock ctfs.. Iowa 19 5*4 14 *4 Apr. *4 May Apr. 1*4 May 2*4 May *4 May 12 65 9*4 13*4 70*4 Sale 19*4 Sale ..100 6% pref series A_. 305 3*4 65 5*4 5*4 6 17 Leased line stock 10 Sale 9 35 ..100 Sale 6*4 *4 Illinois Central..-.. 5*4 Sale 2 19 Jan. 29 12 17 3 31 2 4 Jan. 94 Apr. May 43 May 45 May 10*4 May 46 2 Sale 19 150 7*4 May 31 May 12 57 May 2 45 May 3 17*4 May 7 *4 May 26 1*4 May 26 11*4 Sale 27 10*4 5 9 46 2*4 May 25 Sale 50 11*4 May 30 May 12 43 May 17 45 May 3 10*4 May 31 *4 Sale 1*4 Sale Sale 11*4 35 100 ..... 10 80 45,500 7*4 May 31 2*4 May 6*4 May 4*4 Ry ^Preferred 506,450 5,920 1,940 1,980 10 7 -.100 Bay Ac Western 28,200 Hudson Ac Manhattan 1,300 Preferred ""280 450 24*4 May 45 May 5 May 35 May 5 May 29 100 2,100 1,900 5,300 12,500 38*4 May 66 May 7*4 May 52*4 May 6 May 31 31 27 27 4 — 7 1,100 Gulf Mobile Ac Northern..100 3,400 Preferred.. 100 10 300 51 1*4 Sale ,.50 176,800 Great Northern pref Havana Elec. 3,400 ...100 Ac Pittsburgh Green ""305 100 Second preferred Erie 6 Sale 67 Denver Rio Gr Ac Wes pref 100 Detroit Ac Mackinac Ry 100 20,200 4*4 Sale 11] 300 6,900 3,200 Sale 100 56,700 Delaware Ac Hudson 115,876 Del Lack Ac Western.. 830 6 *4 17 20 50 2d preferred 5,300 2 9 Ac Pittsburgh—50 300 Cuba RR pref 800 Sale 15 3 8,000 Consolld RR of Cuba pref.100 20 3 100 100 2,200 Colorado Ac Southern.... 100 1,860 1st preferred...........100 200 ""266 24*4 May 45 May 5 May 35 May 5 May 2 Sale 1*4 100 Special 800 Sale Prices. 23*4 May 44*4 May 9*4 May 4 May 6*4 May 12 May 55 May 2 Sale 55 1*4 1*4 3 3*4 .. Jan. May 7 60 May 2 16 May 7 8*4 May 3 12*4 May 2 15*4 May 11 61 May 17 *4 *4 55*4 2*4 Sale Sale Sale 100 7% prefferred 6% preferred 50 Cleveland Highest. Prices. 39 46 74 65 100 17,600 9,200 3,500 Sale Prices. 23*4 May 31 44*4 May 26 9*4 May 26 4 May 31 6*4 May 26 12 May 16 55 May 25 100 1,300 Chic Ac East III RR 4,800 6% preferred 51,300 Chic Mil St Paul 144,100 Preferred 700 1,149,128,650 basis of 100-share Lowest. Highest. Sale 150 Sale Chic Indianap Ac Louisv pflOO "7",300 Lowest Sale Prices. 158 37*4 66 84 100 com Stamped.. 1,459,742 Chesapeake Ac Ohio - 3" 600 25 370 Carolina Clinch Ac O 310 are on RANGE SINCE JAN. 1. 50 687,200 Canadian Pacific 50 Canada Southern 100 400 33 Sale ... 180 Prices disregarded. are 158 83 *4 77 Atlan Bid. 200 150 612,800 Bkln-Manhat tr ctfs.. ...» 30,300 Trusts ctfs pref. 10,800 Brooklyn Ac Queens Transits 6,600 Preferred » 3,000 Boston Ac Maine 100 ""166 137,100 May 2. Ask. 100 100 Atcbison Top At S Fe Beech Creek P.R 4,600 1,278,788,300 quoted dollars per share. \ lcksburg__.l00 10 Albany Ac Susquehanna. 100 Allegh At West Ry 6% gtd.100 160 Option sales are now $238,708,000 Price 1932. 837,400 17,200 41,900 995,900 48,200 8,000 Jan. 1 to May 31 1931. $261,621,400 Jan. 2 Par 250,300 4,700 8,100 121,250 6,700 1,400 - PRICES IN MAY. STOCKS Shares. 115,866 small way. 1932. May Exchange, effective Oct. 3 1915. all stocks N. 7. STOCK EXCHANGE Since Jan. 1. Shares. 273,349,666 rule of the Stock MAY 1932. Bond Sales. 46,659,525 of stocks which sell only in case 1931. 23,136,913 Jan. 1 to May 31--,--. In accordance with , 17*4 2*4 4*4 97*4 May May May 9 May 10 Feb. May May May May Apr. Apr. Jan, Jan. Apr. 28 36*4 18 9*4 19 15*4 18 125 25 125 22 65 Jan. Jan. Jan. Jan. 15 12 22 15 Apr. 20 Apr. 22 30 N. Y. STOCK AGGREGATE SALES 1. Jan. May. Price 1932. 56,400 6,100 5,500 100 1,359,400 NTNH& Hartford Preferred 100 26,200 61,600 N Y Ontario & Western.. 100 100 •1,600 NYRys pf 100 3,250 Norfolk Southern 100 64,400 Norfolk 6c Western... Preferred. 100 2,050 150 Northern Central.........50 ...100 396,600 Northern Pacific. 200 14,000 880 51"66O 200 Pacific Coast : 10 40 Sale 440 240 First preferred.. 28 17,000 Reading Company First preferred 3,700 Second preferred 5,800 1,100 300 500 50 600 17 15 25 15 20 15 19 140 60 98 3% 1,600 50,300 4,300 1,780 806,300 13,145 11,700 700 160 Sale 2 Sale 1 Sale 2% 3% Sale 7 1 % % 7 15 Third Avenue 8 Twin City Rapid Transit.100 .100 49% 100 53 % 1% IK Preferred Pieferred A 100 Preferred B ... . 1,500 800 360 32,000 610 2,200 4,800 2,500 12,900 69,300 1,500 134,900 43" 900 3,100 700 1,200 120 401",666 2,900 11,600 2,900 30,500 12,800 2,700 1,339 206,500 2,610 18,300 15,300 25,500 112,600 425,900 4,100 1,264,500 3,000 275,300 43,500 4,000 10,800 . . 5c ..... . . 9,200 2,200 "4", 600 730 659,900 4,700 6,200 2,150 700 200 8,700 500 17,400 Preferred. .............100 4% Sale 26,900 6,000 2,200 6,500 2,300 900 Gold 3,600 22,000 13,800 2,100 30,800 1,300 140 8,700 2,000 26,100 ♦ 400 "5"300 440 110 * 1% 2% 2% 2% ^ 2% ♦ Pref series A $30 warr'ts .100 Pref series A $30 ex-war .100 Pref series A $40 warr'ts 100 12 * Sale *7% 6* ♦ * 100 13 * (Conn)..* ...... ....... County, N J ff ""7" Sale 6 14 Sale 37 % * 45,200 Amer Car & Foundry * 15,025! Preferred 100 5,300 American Chain * 1,400| Preferred 100 • 38,700 American Chicle Am Coal Co of Alleghany 2K Sale 58% Sale Sale 2% Sale Sale 60 a,% Sale 13% 117% 20 85 % Sale Sale 6% Sale 26 Sale 6 6 26% 63 31% Sale 4* 3* 22 Feb. 26 14 Jan. Feb. 17 Jan. 22 69% Mar. 15 23% Jan. 22 Feb. 18 11 Feb. 2% Feb. 11 23% Jan. 21 3 Jan. Jan. 14 Jan. 14 17% Jan. 14 Jan. 30 11 13 19 II* 14 Jan. 110 115 Jan. 2 Apr. Feb. 136 Feb. 19 112 Feb. 16 May May May 75 May 3% May 7 Feb. May May 15 2 May 2% May 3% May May May May May May May May May May May May May May May 2 25 26 16 17 24 12 28 28 27 26 31 16 26 % % 13% 5% 6% 16 15 8% 2% 14 54% 54 May May May May May May May May May May May May May May 42 Jan. 19 33 Jan. 14 29 15 6 5 May 20 May 9 May 251 30 Jan. 22 % May May May 4% Apr. 9 Apr. % Jan. % Jan, 6% May 2% May 4% May 13 May 15 May 3% May 1% Apr. 8 May 35% May 40 May 2 90 Apr. 11 7% Feb. 26 28 6% 9% 11% 71 201 1 41 171 16 7 2 3 19 12 17 3 11 7 2 2 3 2, 21 11 15 2 4 26 16 27 24 12 28 20 27 26 31 68 4 4 Jan. Jan. Jan. 14 22 26 Mar. 26 Jan. 26 Jan. 28 Feb. 2 Jan. 21 Jan. 14 20% Jan. 22 j 37 13 25 Feb. 33 Feb. 14 Mar. 4 3 2 Jan. 8 25 24% Jan. 26 94% Feb. 13 1% 1% Jan. 18 "l% May"28 2 1 May 26 May 4 % May 31 Feb. 2 1% May 26 Jan. 28 3 1 1% 15 Jan. 15 1% May 28 May 26 May 4 % May 31 1 2 4 "May" "2 Jan. Jan. Jan. 22 3 2 Jan. 22 1 1 Jan. 14 Jan. 22 May 14 May 4 2% May 2 60 20 ---_ 20 American Express Co 550,900 Am & Foreign Power 104 6% 6% Sale Sale Sale 18* 14% 15% 5 1 Steamship Amer Hide 5c Leather.. Preferred m 100 li* 100 Voting trust ctfs 15,200 American Metal Preferred (0) 2,900 ... 5J1 6 4 Sale 34 20 Sale 5% 22 1% 7% 29 if* Sale 50 800 American News Co.... 10 2% Sale 7 19% 3% 5% Sale 2% Sale 5% 38% 1% 3% 110 140 Sale Sale 4 1 4% 2 5 f* 3X c Sale Sale 26* i* 4% Sale 2X ill 2\ Sale 17 Sale Sale m 2 3 6% * 1 32 No par value. / Sale m 33 ll! Sale 32% 35% 14% Sale 2 1% 1% % 3% 2% 10 23 32 M m % Apr. 29 May 25 May 31 80 May 11 3 12 1% 32% 16% 10% May May May Apr. 1% May 4% May 34% May 1 Apr. 8% Apr. 2 % May 31 % May 31 May 26 1% May 26 1 5 May 27 1% May 2% May May 2 May 6 6 3 4 8 Apr. % May % May 1 May 1% May 4 2 47% 101% 4% 6% May 5 7 May 13 12% May 31 4% May 3% May 5 May 30% May % May 6% May May 34% May 96 May 46 3% May 28 6 "5" "May" "3 4% 9% 34% % 8 62 42 109 May 11 May 2 May 5 May 6 May May May May 2 2 6 2 5% May 6 May 11 2% May 17 10% May 7 29% May 7 May 20 2% May 17 7% May 3 19% May 31 13 15 98 70 3 30% Mar. 8 11 13 Feb. 3% Mar. 7 16% Mar. 17 62% Mar. 8 2 Mar. 16% Apr, 7% Jan. 6% Jan. 6% Jan. !8 c 1% May 25 May 27 18 May 31 9 3% May 7 May 17 24 May 5 11 22 15 22 13 Jan. 7 Jan. 13 87% Mar. 8 Mar. 11 119 13% Jan. 18 Jan. 11 10 % Mar. 8 Mar 10 4 16% May 13 Apr. 23 Apr. 6 6* Jan. 10 18% Jan. 27 14 Feb. 15 9 47 % Jan. 29 Jan. 12 20 15% Jan. 15 31 90 18 31 73% Mar. 29, 3% 31 129 Feb. 8 Mar. 14 8% Mar. 39% Mar. Apr. 45 3 May 6 6% Jan. 11 May 1. May 2% Apr. 110 Apr. 2 May 5 May 7 Apr. 2% May 3 May 1 May 4% May 26 May 11% May 48 May 2% May 11 15 6 Jan. 26 Jan. 5 Jan. Jan. 8 9 13 28 8 6 13 Mar. 22 May 18 Jan. 9 10% Jan. 16 110 Apr. 9 9% Jan. 14 38% Jan. 21 33 Jan. 18 Jan. 14 17 mFeb. Jan. j* Jan. 7 6 9 51% Mar. 21% Mar. 8 68 Mar. 8 8% Feb. 19 Jan. % Jan. Apr. May Jan. May Apr. 1 Apr. 1% May 9 May 18 May 3 4 Mar. 15 3% Jan. 14 4 37% Mar. 1% 4% 30% 8% 1% 1 11 Mar. May 20 Apr. 22 May 3 May 31 , 13 Mar. 5% Jan. 19 May 3% May 28 3 if* Sale Feb. 20 1% 7% 19% 23 it* }* Sale 3 9% Jan. 24 Jan. 42 20 May 27 3% May 2 6% May May 11 4 Sale 11 Ma y26 May 18 2 1 May 17 May 26 Sale 3 May 16 May 10 110 140 May 4 May 4 110 Sale 2 3% May May 31 2 Sale 5 May 13 May 31 7% May 20 May 2 a Sale m May 2% May 26 3 4% May May 27 Sale 1 May 31 1% May 8 May 6% A7/* May 3 Sale 26 May 31 39% May Sale 17% May May 31 11* 48 48 May 26 52% May Sale 4% May 2% May 31 % % May 24 May 16 Sale 1% May 13 1% May 26 Sale 4 4% May 28 5% May Sale May 23 31% May 16 35 Sale 14% May 2 May 26 2 9 1% May May 9 Sale 18 7 May 13 16% May 13 31 31 4 14 31 26 4 4 29 22 31 31 26 26 Jan. 47% May 96% Apr. 4% May 6 Apr. % Apr. 5% Apr. 12 Jan. % Apr. 4% May 3% May 5 May 30% May % Apr. 1 Apr. 6% May 46 May 34% May 96 May May 31 57% May 7 May 31 105% May 11 6% May May 31 5 May 2 6% May 16 50 M IX Sale 26 10 Sale 15 51 19% Sale * 100 3* Sale 50 Sale 36 Sale Sale 2% Sale 30% a, 2 * ..... 9% Sale Sale 5 * Am La France 8c Foamite...* Preferred 480 100 100 5 96 Sale 45% ..... 3% Sale 34% Sale * Sale Sale 11 Corp 38,700 Amer Locomotive Preferred 11,650 83,500 Am Mach 5c Foundry 13,600 Amer Machine 5c kfetals 6^ 10* 12 H Sale 12 5% 1% May 11 4% May 6 May 2, 84 May 2 2% May 7 48% May 3 18% May 16* 10% May 2 2 May 4 8% May 6 42 May 11 1% May 6 11% May 5 16 11 109 Sale * ....... 7% *38% 110 5 2 Sale 108 140 7 % Sale 29 34 10 1 47% Sale 101% Sale 4% Sale 6% Sale "l2" Sale Sale 46 2% ........... Preferred Sale % % 1% 3 4 ft* 5 25 31 11 31 31 4 2 31 26 4 5 12 2 Sale 1K 50 8 8% 100 Amer Home Products Sale Sale 3% 2d pref A Sale 8 4% 9% * Sale 62 2 * * Sale 4 4% Sale 9% Sale 34% 37 % Sale 3% <3/4 7% .» Sale 8 7% Preferred (6) Sale % May May May 80 May 1% May 32% May 16% May 10% May 1% May 4% May 34% May 1 May 8% May 3 12 30 52% Sale 7 Preferred 1% 32% 16% 10% 1% 4% 35% 85 Sale Sale 10 100 3 Sale Sale 20 Securities 1 % 1% 9% * c. New _ 1% Sale 1% Sale % 1% 1% Sale 1% 4 % 2 % Sale 8%. Sale 1% 2% 1% Sale 2% 2% 1K 2% 2 2% 45 5 25 Amer Encaustic Tilina Internet 8 35% 40 Sale 1 10 Sale 6* * 50 Sale Sale 40 3* 45 Sale 100 Preferred. Amer Sale 68% Sale 105% 110 * 6,000 American Colortype 272,900 Am Com Alcohol v t Sale Sale Sale 10 * Allied Chem 5c Dye American Ice Sale 3% 1% 40 1 75 % 60 % 108,400 7,200 307.200 7,600 1% 8 75 8 Mln.10 Allegheny Corp Am Hawaiian % % 6% 2% 4% 35% Sale Sale 36% 100 47,550 24,200 55,419 14,400 5,200 8,800 82,935 4% Sale 40 2 * W Paper Co Am European 4 84 17% 10% * P 6 4% 12 26% * A Sale 48 % * Air Reduction inc Juneau Sale 3 Sale 67 * Air-Way Elec Appli Corp 1 4% 24% Adams Millis................ Addressograph Internet Advanco Rumely new Affiliated Products Alasaa 7% Sale 16 50 Preferred.... ..........100 » 18,566 Am Brake S 5c F Preferred 1,100 ..100 3,653,200 American Can.... 25 Preferred .............. 100 8,800 6,900 6 25 % 97 95 ; Preferred 2,530 7,400 American Beet Sugar Preferred 550 4,500 25,700 Sale 5 Amer Agric Chemical (Del).* 50,600 American Bank Note 10 6,900 10 2 18 14,200 1,200 2,100 Sale .... 100 Amerada Corp 100 Amer Agrlc Chem Preferred 300 120 1* 2 * Preferred 47,000 740 Sale 8% Abraham & Straus Preferred 10,200 106,500 Allis Chalmers Mfg 17,850 Alpha Portland Cement 2,700 Amalgamated Leather 900 2,500 7,300 14 Sale Sale 16 3 31 27 13 28 27 14 Jan. Ml IS CELL 910 Alleghany Steel.... 205 Alliance Realty 2,018,000 ""'266 ""'266 4 1 100 Sale h 13 3 Abitibi Power 5c P Adams Express % May 28 May 2 May 21 15 Sale .... . 1 3 16 3 2% * May 25; 17% May 16j 20 May 2 20 75 May 27 85 3% May 12 3% Sale 100 .£..100 Preferred May 15 15 100 Preferred.. INDUSTRIAL 7,115 15 10 100 Wheeling 5c Lake Erie....100 1-3,100 7% .100 18,600 2,600 May 19 15 % ily> .....100 ....... Union Pacific.... 80,100 Western Maryland.. Second preferred 4,400 3,700 Western Pacific 500 800 2% May May 7 May May Apr. May May 112 30 8 100 100 "6,706 5 % % V Sale 9 8% Mar. 9 Apr. 1% Sale 1 Sale 12% Sale' 100 34,200 2,600 2% May 16 1 May 3 11% May 2 1% May 14 4 May 17 8 May 3 7 May 11 ~5% "21" 8 Mobile Ac Ohio certifs..l00 Texas & Pacific. 100 Preferred.. 2% 5 57,900 Wabash.................106 280,700 3,600 6,200 16 3 31 27 28 26 May 27 ..... Preferred 1,900 6% Jan. 5% May 26 7, 21 Jan. Jan. 114 Sale 8 May 8 3% 4 11 Prices. 26 31% 31 78% 8% 31 19 25 2% 31 135 2 78 :: 40 "Is"" Deposit receipts 41,220 600 3 Wf 3% Preferred. 100 1,600 60,700 Seaboard Air Line... ..♦ Preferred .............. 100 5,700 100 1,003,019 Southern Pacific Co 138,500 Southern Railway 100 300 4 160 Sale 85 . 95,500 18,600 3,700 2% 125 27 6 May 14% May 7 14% May May 7| 5 6% May May 7| % May 26 Apr. h May % May 6 86 May 7 *62% May 75% May 6 & Jan. Mar. 17 4% 5% 6% Sale Highest. Sale Prices 34 68 2% May 1 May 7 May % May 3% May 3% May 2% Sale Prices 160"" 101 31% 27 % 26 31 31 26 25 31 13 5% May 26 115 92,800 St Louis-San Francisco.. 100 Preferred ..............100 87,710 100 12,300 > t Louis Southwest 6,400 1* 7* 8 2,700 Rutland 9,300 2% 4% 2% it* 50 ...... Sale 6% 50 . 4% 10% 9 90 Rensselaer 5t Saratoga... 100 RR. pref 100 80 500 Sale Sale 95 Sale 6 4 4% 3% Preferred 100 90 Pitts Youngs 5c Ash pf 7% 100 700 70 2% 11% a 45 2% 100 180 2,200 5 % % % Sale *62% 76 92 100 6 May 14% May 5 Sale May % May % % VA *62% May Sale May 70 Sale May Lowest. Highest. Prices Sale 14% Sale Sale Sale 6 Sale 16 % ....... 50 3,400 6 75% 16% .... 800 200 33% Sale H 758,180 Pennsylvania... ..—50 1,200 Peoria 5c Eastern.. 100 7,500 Pere Marquette .100 Prior preferred........ 100 4,500 Preferred. ..100 4,115 20 Phlla Rapid Transsit Co...50| 110 Phila Rapid Transit pref..50 900 Plttsb & Wosi Virginia..100 90 Pitts Ft Wayne Ac Chlcago.100 111,680 Sale 83 Ask. Ask. Bid. 12 % Sale Lowest. May 31. 2. Bid. 100 ... 3d preferred 130 60 May Ask. Sale Par. Shares. Shares. Jan. 2 STOCKEXCHANGE T RANGE SINCE JAN. 1. PRICES IN MAY. STOCKS N Since In EXCHANGE-STOCKS 4 9% 44% 22% 3% 12 Feb. 3 Jan. 18 Mar. 7 Jan. 14 Mar. 9 Apr. 30 lift 33 Jan. 11 Jan. Jan. 30 14 N. Y. STOCK AOOBEOATE In Jan. Shares. 1 81,800 8,500 Price Y. STOCK EXCHANGE 1932. Par. "><»««* Bid. ...» • . 393,300 31,700, 52 PowirkLlftbt **re»erre<l Preferred (S) 690 Preferred.. .....100 16,300 American Republics 40,700 25 25,300 American Safety Razor 700 * 2,100 American Seating 3,900 Amer Ship & Comm.. 960 American Shipbuilding 290,450 Amer Smelt fit Refining, 800 150 39,500 2,800 3,600 3,200 270 14,500 Preferred 12,320 2d Preferred 14.7O0 American 950 300 50,800 5,000 1,900 1,700 170,100 26,100 217,500 5,100 900 130 36,800 15,600 200 3,900 45,800 • » ... ..._ .....100 ..100 Snuff ....25 Preferred..............100 lO,2O0| Preferred 100 12,4()0 Am Sum Toh 5,428,852 Amer Telep fir Teieg 100 64,700 American Tobacco ........25 785,250 Class B 25 —. — _ 17,900 Preferred.. 2,600 Amer Type Founders 1,870 Preferred....... 186,400 Am Wat Wks fit El 100 ..... 35,300 100 8% May 31. Ask. Sale Sale 38 "31% Sale 80 Sale 99% 6% 16% Sale 4% Sale % 15% 9% 45% K 25 Sale Sale 25 29% 30 Sale 98% 101 4% 60 Sale 600 71C 2,300 6,700 22,300 50 880 6,100 17,400 20,100 4,600 2,500 24,300 114,500 101,400 29,000 10,000 1,915 275 4,300 21,100 53,300 1,500 1,400 1,220 1,300 1,900 219,000 17,200 3,520 8,410 1,100 3,343,900 1,400 1,880 ""205 1,100 1,300 9,900 800, 400 10 ""166 44,500 2,900; 950. 390,800 4(J0 1,070 "5*266 400 31",300 15% 3% Sale Sale 14% May 24 3% May 31 Sale 6 2 31% May 4% May Highest. I Prices 3% May 31 May 31 19 Sale Prices. 16% Jan. 58 Jan. 13 14 97% 63% 67% 101% 5% * * • 100 Armour (Del) pref 100 Armour of Illinois class A..25 Class B 25 Preferred 100 Arnold Constable Corp Artloom Corporation 2% 18 Sale 23 Sale 95 98 15 Sale 14 45 Sale 45 3% 88% 42% Sale Sale 8% 34% 5% 15 Sale Sale 11 Sale 11 50 Sale 35 42 50 1% 18% Sale Sale Sale 55 3% 6% 42% 1 % 7 Sale Sale % 7% Sale Sale to* % % 3% 1 % - 46 " 1% 1 5 3 33% 60 22 ..100 23 35 18 .25 8 25 6% 11 7% 6% 11 8 100 2d preferred Associated Oil. Atl G & W I SS Lines...... Preferred 100 Atlantic Refining Atlas Powder 25 • ..... Preferred 100 Stores 9 9% 1% Sale 4% 7 50 Sale Sale Sale Sale 2 Sale _____ 4 1% * % 3% 17 4% May 60 May 32% May 18% May 67% May 4% May 102 May 67% May 70 May 104% May 6% May 17 May 22 May 18% May 50 May 2% May 23% May May May May May May May May May May May May May May May May May May 3 3 2 11 11 23 7 6 7 12 17 18 6 2 6 2 7 % May 10 2% May 21 1% May 25 12 May 26 3% May 31 3% May 16 5% May 2 40 May 12 1% May 31 7 May 27 87 May 10 24 May 31 % May 27 % May 4 3% May 31 1 May 3 % May 10 2% May 21' 2 May 13 20 May 2 5% May 7 3% May 2 9 May 6 43% May 12 2% May 71 8% May 13| 87 Maj 101 35 May 2i 1 May 2j % May 21 7% May 2 1% May 19 46 4 49" ""May" 13 3 •> Sale 4 Associated Apparel Indus Associated Dry Goods 1st preferred 18,% 87 Sale 3 " 5 1% Sale 8 85 24 11 Sale 14 3% Sale 49 16 12% 1 10 42% 46% 99% 5% Sale 90 85 2% 88 Sale Sale 9% 20 Sale Sale 3 2 4 Sale 11 100 Art Metal Construction Sale % 2% 1% 4% 3% 6% 48% Sale 6% May 2 May 3 1% May 17 % May 6 17 May 9% May .r47 May 25 May 30 May 97% May 13 May May May % May 12 May 5% May 32 May 18 May 23 May 92 May 1 19 Sale 23 * * ... Preferred Sale 5% 32 3 14 Sale 41 100 Copper Mining Co 14% Sale % May 2 % % 12 9% 10 Sale 8 57% Sale 52 1% Sale 30 20 25 May May 1% May 3 May 27 May 19 May 8 May 27 13 3 16 24 20 16 May 2 1% May 6 4 May 3 33 % May 4 21 May 18 8 May 16 9 May 25 9% May 5 8 May 26 52% May 26 May 25 May 11 10 May 2 57% May 2 28% May 16 % May 2 12 May 4 39 5 13 10 Sale 10% 53 9 12 * Corp + Auburn Automobile * Austin, Nichols fit Co ......* Prior A ....* % 31% Sale % 13% Sale Sale 12' Sale „_50 % % _• 2% ._* — ... % Sale % 20 Autosales 157,900 Aviation Corp 2 34 .____ 14% May 24 49% Jan. 14 8 8% Jan. 3% May 31 7 120 Jan. 14 Apr. 4 Feb. 19 % Apr. 29 Mar. 3 3 May 25 13 14 May 14 *29% Mar. 7 1 2 2% Jan. 21 May 6 % Jan. % Apr. 22 12 May 31 25% Jan. 14 Jan. 2 5% May 31 Jan. 29 32 85 May 31 Feb. 19 18 May 31 55 23 May 31 34% Mar. 3 Mar. 14 90 Jan. 11 103 % Jan. 14 % Jan. 15 1% Jan. 20 % Feb. 18 3 31 May J* Jan. 21 Feb. 18 58 4 80 May 20 36% Mar. 3 May 31 14 May 26 39% Jan. 13 45 May 31 88% Jan. 13 Jan. 7 6 2% Apr. 29 88 May 31 mn Feb. 19 31 86% Mar. 9 42% May 46% May 31 89% Mar. 8 99 Apr. 13 110% Mar. 2 Jan. 25 5% May 28 25 Jan. 8 16 3 70 May 11 May 26 34% Mar. 8 Mar. 8 11 May 27 31 Jan. 15 50 Apr. 16 75 5% Feb. 25 1% May 25 4 30% Mar. 7 15% Jan. 98 90 3 4 3 65 58 * Preferred Preferred May May 38 Sale 17% 65% Austrian Credit Anstalt ""OOO 9 19 58 Sale 20 ..* Archer Daniels Mid Atlas T ack 3% May 31 May 31 Sale 3 * Preferred.. Atlas Sale Highest. Sale Prices. 20% Sale 19% 18% • Certificates. Andes 3% Lowest. Lowest. Sale Price. 19 20 3,500 \m Writing Paper » tr ctfs* Pref voting|trust ctfs 700 • 11,800 Amer Zinc, Lead Ac Smelt...* Preferred 25 5,300 1,156,816 Anaconda Copper 50 4,900 Anaconda Wire fit Cable * 37,900 Anchor Cap Corp...... _* 260 500 Ask 31 62% 32% ■ 4,600 Bid. Sale" "*3% Sale' 15 100 4,300 1st preferred 41,400 American Woolen 323,000 Preferred 100 300 1,500 1,700 131,000 56 1 76,525 Amer Sohr Ac Chem Corp....* 21,400 Preferred ...* 62,500 Amer Steel Foundries.. * 1,500 Preferred 100 72,300,American Stores _.._._* 41,8001 Amer lean Sugar Refining. 100 6,600 13% Sale May 2. Bid. * 223,000 Am Rolling Mill 4,500, Ask. _* 1 Pref A stamped 29,100, 95 preferred * 528,400,*m Radiator 9c Stand San..* 5,800 75,200 Jan. 2 1. Shares. RANGE SINCE JAN. 1. PRICES IN MAY. STOCKS Since May. 31 EXCHANGE-STOCKS May % May 13% May 6 2 2 % May 10 2% May 21 1% May 25! 12 May 26 3% May 311 % Jan. 11 5 Apr. 3 % Jan. Jan. 23 18 12% Jan. 14 3 9 40 74 Apr. 11 2 5% May May 12 31 1% May 7 85 Feb. 17% Mar. 6 9 11 2 Mar. 10 4% Jan. Apr. 18 12 Feb. Apr. 19 95 8 Feb. 44 May 31 2 % May 27 7 1% % Jan. 14% 3% May 31 3 1 3 May 5% 2% Apr. 19 46 May 27 50 7% May 13 2% Apr. 24 8% May 16 May 24 34% May 20 35 9% 6% Apr. 13 7 Apr. 29 10% 9 May 25 15% 9 8% Feb. 8 May 26 52% May 26 79% 5% 4% Apr. 12 1% 1% Apr. 12 28% May 16, 151% % % Feb. 19 16 4 12 May 16 26 Mar. 9 Mar. 9 24 Mar. 10 Mar. 9 Feb. 1 Apr. 4 Jan. 26 Feb. 4 Jan. 7 Jan. 15 Apr. 20 Mar. 28 Jan. 2 Jan. m 22 Jan. 27 Mar. Feb. 9 2 Jan. 13 Feb. Feb. 26 18 Jan. Jan. 14 Jan. 14 % Jan. 2 Jan. 3% Jan. 11 12 20 % 1 Sale % % May*l7 % May 17 1 1% Sale 1% May 28 2 2 Sale 2 4 % May 3 % May 171 Vs Mar. 301 1% May 28 8 2 1 7,200 970 91,300 Baldwin Locomotive .....__* Preferred 8,840 100 2,8,0 Bamberger (L) fit Co pref..100 1,650 Barker Bros,.... * •. 980 260 120 8% Sale %% 77 % 2 10% Sale % % 4% 8 ... 430 300 Preferred 100 1,000 Barnet Leather 1 30 1% preferred 100 198,800 Barnsdall Corp, class A...25 670 Bayuk Cigars, Inc * 1st preferred 1,760 100 99,500 Beatrice Creamery ..50 Preferred. 5,500 ....100 10,000 Beech-Nut Packing 20 27,600 Beldlng Brothers * 8,200 Belg Nat Rye part pref 636,700 Bendlx Aviation Corp.... * 145,800 Best & Co 969,004 Bethlehem Steel Corp • 34,700 7% preferred 100 700 Bigelow-Sanford Carpet Inc * 14,100 Blaw-Knox ■ .... 4l", 366 20 490 15,500 1,100 4,500 5,600 2,000 54,400 4 4 56 16% r0 >9% 3% >7% 4% ...... 30,500 80,900 4,500 " 2~300 10 BloomingdaleBros Preferred 6 8 !9 Sale 5 36% Sale 83 Sale May 8 May 73 May % May 10% May % May May 3 15 May 6 80 May 2 % May 18 10% May 18 % May 9 2 May 8 May 73 May % Apr. 10 Apr. % Mar. 9 "3% May'31 6 36 16% 70 60 Sale 29% 3.% 58% 4% Sale Sale Sale 29 Sale 31 27 27 14 13 9 6 7% May May May May May May May May May May May 3 16 17 20 31 2 26 27 26 31 31 "3% May"28 Jan. 31 27 27 9 29 31 8 4% May 3% Apr. 11 6 6 40 23 75 38% 3% 61% 7% 14 14% 40 May May May May May May 17 May 4 May 2 May 7 May 7 May 7 4% May 2 3 36 16 16% 17 70 20 29% 31 2% 4 58% 26 4% 27 6 26 7% 31 29 31 9% Apr. 16 3% May 28 May May May May May Jan. May May May May May 8% Jan. 28% Jan. 14 Feb. 25 99 2% Jan. 30 15 4 Jan. 11 % Jan. 19 10 Mar. 5% Jan. 7 14 13 Feb. 59 Jan. 7 43% Jan. 14 1 95 Jan. 18 44% 4% 62% 18% 24% 24% Mar. Feb. Jan. Jan. Feb. Feb. 14 25 18 14 74 Jan. 19 19 9 13% Mar. 16 8% Jan. 14 14 Feb. 15 4,900 14 Feb. 15 823 100 50 450 Blumenthal fit Co pref 100 40 Apr. Apr. May May May May May May Apr. May Jan. 6 22 61 Jan. 22 16 65 22% Jan. 14 27 51% Mar. 9 31 1 % Feb. 13 5 1% Jan. 11 j 31! 43% Mar. 9 12% Mar. 5 26 9 1% Mar. 26 10% Jan. 14 26 75,300 4,400 2,100 800 685,300 159,200 1,400 8,600 600 600 600 133,200 18,200 300 1,700 200 100 7,200 190 * Bohn Alum fit Brass Corp...* Bon Ami class A ...1 * Booth Fisheries 5 420 34,200 ist preferred 25 2,200 3,300 140 Borg-Warner Corp........10 Botany Cons Mills A ..50 Briggs fit Stratton— Sale Brock way Motor Truck Preferred % Sale 4 • ...100 1 55 340 Preferred (7)....... 26,500 Budd (E G) Mfg__ Preferred 7%.... 1,050 2,500 140 6,900 6,900 100 27 14 31 3 Sale 26% 107 3% 1% % _ 500 May 1% May May Sale 25% May 110 107 May Sale 3% May 1% 1% May % May Sale 1% May Sale 2% May Sale 42% May % May 4% May May 2% May 2% May 2% ...100 Borden Co.— ... 600 27 31 13 11 31 % % 20% 3% % 34,600 Brooklyn Union Gas * 12,000 Brown Shoe, Inc * Preferred. 1,650 100 198,100 Briggs Manufacturing * 7,500 Brun s wick-Bal ke-Coll * 19,400 Brunsw'k Term fit Ry Sec...* 20,000 Bucyrus-Erie Co....... 10 Conv preferred 17,300 5 4,200 5,200 May May May May May May May May 35 * Budd 45,040 29,800 Kullard Co 5,900 Bulova Watch ...100 * ...100 Wheel.. * 1% * .... 1% 3% 42% % 4% 1% 3% 1% ..._♦ 2 1% % 1% Sale 55 Ja 26 23 26 28 31 26 18 31 31 31 17 18 26 28 10 8,% May 2 May 9 May 5 % May 4 31 May 11 6 May 2 1 May 24 7% May 2 5 42 35 14 % % 20% 3% % 4 % May 1% May May 29 May 110 May 6% May 2 May % May 2% May 4% May 74 50 1% 7 1% 3% 2% May May May May May May Mar. 11 470 1,600 100 12,200 5,800 1,400 250 700 700 2,900 16,500 90 - Class A Class B ... 41% 5% * % * 2% 7% Class B certificates 148,525 Burroughs Add Mach 32,700 Bush Terminal Co Debentu re stock. 5,000 * « . Sale 570 Bush Term Bldgs. pref....100 5 7,600 Butte Copper fic Zinc. 17,800 70 390! 2* * Butte fit Superior Mining.. 101 304,900, Byers .....*| fit Co Preferred. ....... 100 May May May 26% May May May May May 35% May 4 17 ... ... 29 28 31 14 Sale 45 7* 27 16 16 19 5 20 26 16 23 7% May 8% May 28 May 59 May % May 2% May % May 2 15 Jan. 9 31 Mar. 7 Feb. 4 Jan. 14 Jan. 28* Jan. 14 Mar. 7 31 9 18 26 28 11 Jan. 16 Feb. Jan. 9% May 40 May 27 4 16 17 16 2* 7^ 19 5 20 8 May 16 35% May 23 Jan. Mar. J an. Jan. 6% May May May 26% May Apr. May Mar. 8 Feb. 15 Jan. 13 Mar. 5 13 31 28 Sale 100 31 29 5% Mar. 11 9 Feb. Mar. 11 1 ..100 common 8,000 Butterick 9 Apr. ___• new.. Preferred 23 Jan. May 25 Apr. 107 May 3% May 1% Apr. % Apr. 1% May May May Apr. 4.H May May May 1* Apr. 700 Burns Brothers.... 1,100 Jan. Apr. 22 Jan. 25 9 15 11 Jan. 26 Mar. 11 Mar. 7 Mar. Mar. Jan. Jan. Mar. 9 9 7 14 7 I Mar. 8 Feb. 19 Mar. 19 AGGREGATE SALES In May, Jan. Shares. 6,300 200 . , 11,700 4,100 4,300 2,600 252,200 1,090 10,700 100 50 1,300 300 300 140 460 700 : : ! 170 200 1,600 80 127,900 11,800 980 200 270 270,000 3,600 83,700 1,700 4,300 1,100 3,500 3,100 60 3,200 103,600 44,000 1,400 190,501 10,700 20.200 1,000 300 300 940 Canada Dry Ging Ale Cannon Mllla 6 34 Sale 1134 Sale 234 Sale * * — Capital Admin Co Ltd c A--* Preferred class A..——-50 Case (J I) Co Pref 7% 100 * ..* Caterpillar Tractor Inc Cavanagh-Dobbs, Corp of America.. .• 134 Sale 34 134 —* Celotex Co Voting trust certificates..* ::::: Preferred..............100 Preferred Copp 234 7034 * 360 * 1 100 7 .___._* 2 Sale * 6 Sale _.* 2 400 83,800 100 I 10 6 *""816 * * .100 190 *2",400 11,100 550,800 8,300 10,200 137,700 3,300 5,000 900 600 4,400 6,400 6,100 70,500 5,000 37,900 8,700 78,100 13,400 73,500 760 11,300 2,000 1,100 900 4,700 1,300 20 100 2,700 2,145 900 1,500 5,000 1,530 8,600 *3*. 700 3,800 57,000 '{18,500 280 20 1,900 1,800 8,600 400 4,700 6,200 800 900 900 57 52 Sale 534 1334 434 234 3234 434 1234 1234 Sale Sale Sale Sale Sale Sale Sale 15 13 48 Sale 47 8934 Sale 45 Sale Sale 1434 Sale 83 Sale 70 Sale 3 Sale 60 Sale 10 Sale 4734 534 Sale 70 8034 934 1034 5 24 53 Sale Sale 3% Sale Sale 9% Sale 20 % Sale 1634 20 17 19 234 4834 734 2034 Sale Sale Sale Sale Sale 15 1534 1634 1534 57 34 Sale 56 Sale 16 34 Sale 9834 16 95 91 Sale 99 96 63 65 Sale 97 57 1% 83 10 8 13 Sale 834 9234 Crosley Radio * 734 Sale Sale 4 13 ....... ... 3,400 Devoe & Reynolds A 36 50 Sale 90 9 Sale 88 Sale 6 Sale 63 100 934 434 Sale 34 Sale 434 Sale 81 85 34 5 * 1st Preferred...........100 Sale 134 Sale 36 Sale 79 Sale 5 4 4 4 Sale Sale 87 Sale Sale Sale Sale 25 Sale 19% Sale 334 1134 34 334 Sale Sale Sale ■ 42 Y* 3434 334 Sale 20 1934 ly> O \K Sale 5 Sale Sale 125 3 22 1034 3 13434 Sale 2234 1234 334 1434 .1034 Sale 234 Sale 1934 Sale 17 8 24 Sale ii* 31 4 Sale 23 Sale" 73 13 Sale 2 80 69 734 3 21 934 2434 35 134 9 24 134 ? 1834 234 934 26 25 Sale" 43 Sale Sale q79 34 Sale 85 70 Sale 134 1134 Sale H 34 % 5 a 1 Sale 134 Sale 85 7634 60 5 67 434 334 Sale 4 2734 106 ll* 1734 234 *734 W* 24 1 534 434 2 234 S % & A" 45 iH 6634 % 4 734 Sale 8134 Sale 9 10 80 85 14 47 Sale Sale 75 67 Sale Sale 4 634 Sale 71 Sale 734 Sale _._—___* 100 Sale 25,200 Participating 6% Pref..25 152,200 Dome Mines Ltd ._._.....* Sale 1234 2234 834 Sale 23 Sale 1234 2034 834 75 Sale Sale Sale 13 Sale 59,560 27,206 27,666 16,700 7,300j *No par value % Diamond Match. Sale 60 Dominion Stores ♦ Sale 14 Sale Douglas Aircraft Co Inc * Sale Sale 534 Sale Dresser (S R) Mfg conv cl A..* 21 Sale 7 11 Sale 9 Class B Ex-dividend, * 634 7 634 2 10 334 134 1" 334 10 3% 84 \ 934 5 4 12 31 5 28 25 27 28 56 May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 2 2 11 9 17 11 24 2 6 10 9 5 27 2 4 2 6 5 25 21 6 5 2 2 11 3 4 6 6 10 6 20, 3 May May May 16 May 2 May 24 9134 May 4 65 May 2 34 May 5 634 May 6 5 May 25 834. May 6 634 May 2 96 May 26 12 May 2 1934 May 31 3634 May 134 May May May 79 May 534 May 434 May 79 May 34 May 34 May 34 May 234 May 34 May 3034 May 234 May 11 834 May 11 5234 May 7 88 May 2 634 May 11 5 54 May 20 89 May 23 34 May 12 1 May 11 34 May 2 4 May 13 34 May 2 3334 May 13 4 3 36 26 24 31 31 31 31 16 4 25 3 31 2 31 1JH May 31 May 31 6M May 25 Sale 234 1434 May 25 May 28 % May 5 134 May 6 52 67 May 25 5634 May 25 334 May 28 4 May 31 1 134 634 70 7 70 1234 2034 834 13 534 9 434 May May May May May May May May May May May May May 26 27 31 28 26 24 2 13 3 31 31 31 10 1734 May May 134 May 234 May 80 May 58 May 534 May 434 May 64 2 11 7 7 11 16 6 12 234 May 7 134 May 25 734 May 2 85 May 6 1034 May 10 80 May 3 14 May 11 2234 May 9 1034 May 10 1434 May 7 734 May 10 1234 May 11 634 May 4 Highest. Prices. Sale Prices 1134 434 May 31 34 Feb. 9 134 May 27 3 734 May 17 1334 634 May 31 20 1134 May 31 634 8 234 Apr. 2034 Apr. 8 30 1734 May 16 43% 75 30 May 17 15 434 May 26 4 1% Jan. 7 2234 7% Jan. 12 5 134 May 31 1 May 27 3% 1 Feb. 8 2% 2 734 May 19 May 31 234 May 25 Mar. 16 70 4 May 28 zl5 1 May 26 334 8 May 24 1534 2 May 28 6 2054 May 31 Feb. Apr. 25 5 26 13 13 26 95 Jan. Feb. 89 Mar. Jan. 58 Feb. 11 Jan. 14 Jan. 18 29 Mar. 15 Jan. 4 Feb. Jan. 9 Jan. 23 Jan. 14 Feb. 17 23 Feb. 14 14 Jan. Jan. 22 22 13 1534 Jan. 14 2834 Feb. 19 68 Jan. 5 85 Jan. 15 234 Jan. 14 Jan. 19 7 5 96 11% May 31 94 11 Mar. 18 22 11 18 Feo. Mar. 28 9 M Jan. 5 Mar. 15 Feb. 8834 May 4 120 50 4434 May 19 3134 1234 May 27 70 May 28 95 1034 234 May 31 80 60 May 31 9 Jan. 734 Jan. 10 6 31 14 8 Mar. Mar. 22 9 Mar. Mar. 11 7 Mar. Mar. 17 II 334 May 26 20 May 2 40 Apr. 8 534 May 31 1334 May 31 434 May 9 2 May 26 30 May 31 43-4 May 31 13 May 26 14 May 4 13 May 25 47 May 5 12 Jan. Mar. 12 14 Jan. 19 18 Jan. Jan. 12 May 634 Jan. 534 May 15 Apr. 55 Apr. 48 May ! Apr. May 4 May 10 Apr. 6 Feb. May 10 634 Jan. 1 May 25 234 May 25 8 May 27 2 15 13 Jan. 7 Jan. 14 Mar. 21 Jan. I - 13 Jan. 4* Apr. 1234 Jan. 26 14 3054 Jan. 7 79 Jan. 16 1634 4134 754 434 esH Mar. 9 Mar. 9 Mar. 24 Jan. 14 Mar. 11 Mar. 5 26 % Mar. 21% Mar. 7 3 20% Jan. 22 6834 Mar. 14 2734 Mar. 19 101 3 Mar. 15 2 95 Mar. 11 4 77 Mar. 2 34 May 5 334 May 28 5 May 25 134 Feb. 24 10% Mar. 8 10 Jan. 6 7 May 27 May 28 11 Feb. 13 Jan. 55 4 55 6 Sai* W 134 Sale 134 1334 115 Sale 41 I* 6 16 \K 2834 Sale 434 1734 Sale 6134 Sale 2434 2634 May 6 334 May 13 1134 May 11 Sale 1 May 27 May 2 Sale 534 May May 31 6 Sale 34 May May 4 7 Sale 26% May 31 3634 May 11 Sale 106 May 31 L12 34 May 20 Sale 234 May 10 134 May 31 15 17 1934 May May 27 2 19 1834 May 20 May 16 234 May May 3 6 1134 May 18 May 31 May 12 22 May 4 25 May 25 2534 May 24 May 25 134 May 25 Sale 10 May 31 May 6 Sale 1534 May 19 25 May 7 134 May 34 34 May 14 3 Sale 34 May 34 May 2 2 Sale 34 May 11 34 May 25 6 534 May 334 May 26 9 Sale 20 May 26 2834 May 2 Sale Sale 34 6 3 Sale Sale Sale 734 Sale 34 Sale 32 30 9 17 2 2 11 10 11 10 9 3 2 11 20 60 134 3 31 1 5Sch 20 1934 7 44 ** 1 834 1534 434 10 4 5534 34 34 34 234 34 3034 Sale 34 1 134 34 Sale 334 434 34 Sale May May 60 May 34 May 334 May 5 May 7 May 4 May 89 3 May May iviay May May May May May May May May May May May May May May May May May May May May May May May Sale 50 - 6 Sale 2 100 100 13 Sale 60 234 734 4934 fs* * 466 Debenham Securities 41,500 Deere & Co prer Sale Sale * 41,400 Davison Chem 4 50 12 61 * Steel of Amer 34 34 334 Sale Sale 234 8 Sale 1334 4,615 Preferred 100 3,800 Cuba Co » 25,200 Cuba Cane Products ...» 17,060.Cuban American Sugar 10 5,163 Preferred. 100 26,360 Cudahy Packing 50 120!Curtiss Aeropl & Mot Co Inc * 25,100,Curtl88 Publishing Co_._.._* 13,800 Preferred » 401,700,Curtis8 Wright Corp » 82,600 Class A » 986 Cushmans Sons 7% pref.. 100 350 8% preferred * 11,900 Cutler-Hammer Mfg _..._» 2,100 Davega Stores Corp 5 Detroit Edison 4434 Sale 3K 5 934 U ...* * Sale 95 96 Sale 60 May 534 34 y\ 234 25 234 334 25 10 27 31 634 234 25 4 734 9 26 23 1934 12 61 26 50 34 3 1 6 31 534 1334 25 95 2 4 97 19 4634 27 2234 28 8334 31 534 70 31 14 1034 5 26 24 2 31 5734 834 31) 31i 22 534 9 26 234 31 j 49 734 31! 26 2034 4! 15 25' 1634 1134 May 31! 1134 Sale 95 89 6 8 70 ....100 13 34 5534 50 94 634 57 47 13 334 Sale 34 1 534 Sale Sale 7 54 4 Sale 734 2134 65 x warrants..... 960 Crown Wil P 1st pf 3,466 Crown Zellerbach 190 30 90 Sale 22 100 20,830 Crown Co-'. Ac Seal 5,500 Prefer, ea 27,960 16 Sale 9434 4634 26 358,250 Continental Can * 15,500 Continental Diamond Fibre * 123,606 Continental Insurance....10 74,360 Continental Motors ..» 398,800 Continental Oil * 116,500 Continental Shares _.* 331,000 Corn Prod Refining 25 3,460 Preferred 100 64,700 Coty.Inc 14,466 Cream of Wheat * 19,160 Crex Carpet 100 21,166 Crucible Sale Sale" 10 95 62 % May May 34 May 1 May 4 May 10 May 95 May 8834 May 44 34 May 1234 May 70 Mya 234 May 60 May 10 May 334 May 20 May 52 May 534 May 1334 May 434 May 2 May 30 May 434 May 13 May 14 May 13 May 634 Sale 5 15 5534 May 48 34 Sale 534 1334 ...100 43,400| Preferred 9,266 80 34 Sale 24 19,100 Consol Film Industry 38,100 Preferred * 2,280,050 Consolidated Gas * Pref $5 * 42,400 38,700 Consol Laundries Corp.... 814,600 Consolidated Oil Corp * 10,000 8% preferred 100 44,200 Consolidated Textile.......* 8,711 Container Corp^class A 20 12,600 Class B * 43,206 Continental Bakcl A * 75,000 Class B ...» 40 15,000 4,400 28,300 2,300 3,300 pref 1034 634 Sale 134 2 634 834 534 Sale 1534 Sale Sale 100 Preferred (6%) Prior 8 * A 1 May 234 May 8 May 634 May 2 May 734 May 534 May 2 50 80 434 May 31 34 May 4 1% May 27 3 May 17 634 May 31 1134 May 31 234 May 28 2434 May 31 1734 May 16 30 May 17 434 May 26 2 May 3 9 May 5 134 May 31 1 May 27 1 May 6 2 May 19 8 May 31 234 May 25 70 May 5 May 28 May 26 May 24 May 28 May 31 4 56 * 13,000 Consolidated Cigar 470 Preferred 3,740,' 8 1 3 50 25 100 4% preferred 10 334 1034 134 934 234 Sale 734 834 834 Sale 1834 1834 5534 58 30 Conn Railway & Lighting 100 5,100 Sale 234 934 * Comm Inv Trust * Preferred 100 6%% preferred 100 Convertible preferred....* Warrants stamped Commercial Solv * Conde-Nast Publlc'ns * Congoleum-Nalrn Inc * Congress Cigar * 175,550 1,460 2,790 15,400 1,500 567,350 1,200 77,700 10,600 5 80 Sale 4 . 1,270 1,000 334 Sale 8 100 Cerro de Pasco Class 870 Sale Sale Sale Sale ..100 Preferred... Celanese 2434 1734 33 434 100 * 4,200 Clark Equipment 9^400 Cluett, Peabody & Co ._* 590 Preferred 100 722,900 Coca Cola * 16,200 Class A ♦ 122,600 Colgate-Palmolive-Peet Co__* 9,500 Preferred 100 56,900 Collins & Aikman * 2,700! Preferred ...100 17,700 Colonial Beacon Oil Co * 17,700 Colorado Fuel 8c Iron 240' Preferred -.100 18,500'Columbla G & El PreferredlOO 867,7491 Common. * 304,300 Columbian Carbon * 5,300 Columbia Pictures Corp v t c* 1,074,325 Commonwealth & Southern * 43,500' Preferred * 98,621 Commercial Credit * 7,300' Class A 50 1,920! Preferred 7%. 25 1,120 Preferred B... 25 2,930! 1st preferred 100 27,500 15,800 1,500 Campbell W & C Foundry—* 320 City Investing 62,150 City Stores 3,150 400 Sale 25 Calumet & Hecla Highest. Sale Prices May 31. Ask. 8% * 57,000 Chicago Pneum Tool Preferred 12,500 2,190 Chicago Yellow Cab. 5,690 Chickasha Cotton Oil 32,100 Childs Co 510 Chile Copper 1,258,800 Chrysler Corporation 52,400 City Ice & Fuel.. Preferred 3,430 20 2,300 Calif Packing Corp Lowest. Lowest. Sale Prices. May 2. Bid. Callahan Zinc-Lead....... 10 14,100 Certain-Teed Prod 900 7% preferred 56,000 Checker Cab 241,300 Chesapeake Corp 100 900 544 214,600 3,700 20,000 1,300 Par. 21,800 Central Agulrre Associate*.* * 5,100 Century Ribbon Mills 7,100 120 25,400 4,200 1932. 1. 32,400 3,700 38,300 8,600 67,800 14,500 14,500 8,300 2,756,800 4,200 124,700 1,450 1,020 23,100 3,900 3,500 700 RANGE SINCE JAN. 1. IN MAY. Price Jan. 2 Shares. 4,800 ! PRICES STOCKS H. y. STOCK EXCHANGE Since EXCHANGE—STOCKS STOCK N. Y. 54% Apr. 6 May 50 Apr. 1934 May 36 Apr. 134 May 3 May 36 May 79 May 5 May 4 79 26 11 31 13 26 24 31 31 31 Apr. 12 Feb. _ 34 Mar. 22 34 May 25 % May 3 234 May 31 34 Apr. 7 28% Apr. 12 ■4 934 Mar. Jan. 5434 Apr. 2434 Jan. 72 8 8 6 8 Feb. 20 60 Mar. 7 58% Jan. 12 >!8 Jan. 11 Mar. 7 Mar. W 8 Mar. 3 Jan. 13 Jan. 7 96 Mar. 24 54 Jan. 234 Feb. 134 Jan. 20 7 Jan. 14 1 Jan. 4734 Mar. 19 18 8 5 1934 May Apr. 634 May May May % May 2634 May 104 Apr. 134 May 41 31 Mar. 8 6 434 Feb. 17' 25 25% Mar. 8 27 134 Jan. 14 7 31 Mar. 8 Jan. 13 4 47 H Mar. 31 8 14 12934 Jan. 11 31 434 Jan. 16 15 23 May 27 Mar. 9 5 10% Jan. 1934 Mar. 21 2% May 3 434 Jan. 7 £734 May 31 1534 Mar. 5 18 24 May 12 Jan. 15 2334 Jan. 26 37 Mar. 12 1% May 25 Feb. 15 6 May 31 23% Jan. 14 15% May 19 4934 Jan. 14 54 May 14 Jan. 14 34 Apr. 19 Jan. 15 May 25 15 Jan. 11 8 3% Apr. 26 Jan. 18 20 May 26 35 Mar. 9 5 Apr. 8 75 Mar. 21 14% May 25 31 Jan. 15 52 86 May 28 Jan. 14 34 May 5 234 Feb. 2 4^» ■al* 67 Mar. 28 May 25 56% May 25 334 May 28 4 May 31 1 2034 734 May May May May May May Apr. May Jan- 13 Jan. 134 634 70 7 70 12 5% May 9 May 434 May 354 Feb. 10 1 Mar. 12 Mar. 7 Jan. 21 5 Apr. 28 90 76 5% Jan. 15 1% May 25 15% Jan. 15 122 W* 95 Jan. Feb. Feb. 14 24 15 1534 Mar. 10 2434 Mar. 18 U34 Mar. 18 5 Mar. 5 Feb. 1 23 Feb. 25 1234 Feb. 17 N. Y. STOCK AGGREGATE SALES. In May. Shares. Price Jan. 1. Shares. 153,500 1,204 210 • Sale 53 X 100 10 200 20 Durham Hos Mills pref___100 4,800 335 905 9,400 444,900 7,100 1 Of' 54,000 Eaton Mfg. Co, 2,985,300 E I duP de Nem 8c Co • 23,800 200 62,500 220 3,000 * 20 6% cumul preferred 100 112)4 5X Sale 55)4 Sale 99 103 1)4 140 9 Sale 31 95 Sale 100 - Sale 2 23 Ask. Sale 1 1)4 6)4 10 85 98 79)4 90 93 87 6 Lowest. 23 May May May May 31 24 24 24 IX May 7 54 May 30 May 24 54 May 5 6 2 9 1454 May 31 20 X May 10 6)4 81 87 18)4 2 3954 Sale S2S a 98 1 X Highest. Sale Prices. Prices, 31 39)4 May 16 1)4 May 8 May 26 May 19 85 94 May 31 17 17)4 May 21 1)4 May 50 X May 16 May 31 111 5 May 31 31 31)4 May 91 May 31 X May 14 4)4 May 9 31 W* May 70 May 31 24 IX May 98 2)4 Sale Sale May May May May May May May May May May May May May May May May May 1 17)4 1)4 3854 Sale 103)4 Sale 111 103)4 3X Sale 454 3)4 4)4 25)4 Sale 28)4 Sale 25)4 Sale 90)4 90 8254 34 X « % 254 2)4 4)4 Sale 354 8)4 Sale 12)4 Sale 854 Sale 70 61)4 Sale 61)4 1 1)4 Sale 54 )4 IX 48 Lowest. Highest. Sale Prices. Sale 20 18 21 Sale Sale IX 25,500 Kttinfton Schlld. 13,600 Preferred 4)4% 769,900 Electric Auto-Lite 1,380 Preferred 60,200, Electric Boat 500 "20*" May 31. Ask. Bid. 8 101)4 91% 82 X Preferred 37% 1% 12 90 3 Eastern Rollinft Mill 611,600 Eastman Kodaa Bid. 2 ib« ___. Preferred Ask. 2,050 Duquesne Light 1st pref_-100 150,300 May 2. 1932. Bid. Par „ 2,600 Duplau Silk... 80 800 Jan. 2 STOCK EXCHANGE 646,297 Uiuft.lnc.__ 2,604 Dunhill Int. 400 i N. T RANGE SINCE JAN. 1. PRICES IN MAY. STOCKS Since 33 EXCHANGE—STOCKS 6 12 6 12 10 17 27 6 2 7 11 17 14 2 7 2 2 Sale Prices. Feb. 13 23 May 31 57 1 Mar. 28 4 IX Feb. 10% Jan. 23 : 6)4 May 26 May 19 Jan. 81 8 87 May 31 17 X May 17 97 Mar. 14 18 Apr. IX May 21 3854 May 16 5)4 Mar. 5 8754 Jan. 14 99 Jan. 22 119)4 Feb. 3)4 2554 8254 X 2)4 854 61)4 % May May May Apr. May May May May 8 31 5954 31 31 105 IX 12 12X 9 31 32X 31! 100X 2% 24 Feb. 26 18 19 Feb 19 Mar. 17 Jan. Jan. 6 6 Feb. 7 16 Jan. 6 Mar. lElec 8c Musical Ind— 28,300 76,100 11,000 3,500 253,200) American shares 3 1 w 852,700 Elec Power & Light Preferred certificates 34,550 19,300, Preferred (6) _| "4*606 * 5,246 11% Sale Sale Sale Sale 48 X 52 30 * 43X 45 24)4 Sale * 26% Sale IX 3)4 16)4 14)4 Sale Sale Sale Sale IX 3)4 12)4 10)4 IX May 3)4 May 12X May 10X May Jan. 4 31 24 1554 Mar. 24; 64" Jan. 14 24 55% Jan. 14 33 X Mar. 7 13 13 Rights Preferred Sale X X % 1754 % % Elk Horn Coal Corp 4,720 1% 7)4 .* 44,400 Elec Storage Battery ""60 Sale 50 1454 Sale ~~X Sale^ 24 Sale 98 Saie X May 31 14 X May 31 X Jan. X Jan. X May 31 X Jan. X Jan. 13 13 Emerson-Brant cl A Class B Emporium Capwell Corp 1,700 1,100 400 50 Preferred. 100 4,300 Engineers Pub Service 500 ... • Preferred ...» 2,200 Preferred (5)4 4,500 $6 cum pr ferred 1,800 * 25,800 Equitable Office Bldg * 12,900 Eureka Vacuum Clean 4,900 Evans Auto Loading Co.....6 2,175 Exchange Buffet Corp ... 400 8*956 2,800 1,100 240 4,300 10,400 1,900 540 Fair (The) Co ♦ Preferred 4,303 Pref ctfs of deposit 100 40 140 7% preferred * 3,040; 600 Preferred ..... 160 9,200 Federated Departm't Stores.' 200 . 2,006, 100 90 395 11% 5)4 3)4 3 2 1 11X 9 8454 T* 2 2M 3 5)4 5)4 Sale 1.054 10 5 Sale 4 Sale 40 X 154 ■IX 3% Sale 2 3)4 454 4)4 28 1 IX 5X 8 1?* 10* 50 47 "1)4 254 10 3)4 )4 1054 5)4 48 1* 1 3 2 X 4 6 254 3)4 454 354 1954 1)4 454 1254 \r 10 Sale 50 35 Sale 50 15 15 27 * . Flsk Rubber 7,200 13,300 34,900 122,700 37",425 conv 100 preferred........* ._....* Fourth Nat'l Investors ..1 Fox Film "A" * 350 Franklin Simon pref 100 Free port Texas Co 170 Fuller Co prior pref 230 2d preferred.... Gardner Motor 2*7*666 200 4,200 25,200 8,500 16,900 499,320 56,800 180,600 19,800 187.400 60,100 111,500 2,125 12,100 7,000 3,480 12,700 27,900 1,310 3,573,170 211,500 687,500 112,900 90 ""*866 370 800 950 900 • 70 330 1,500 6,500 2,700 55,100 4,400 5,807,450 47,400 45,300 10,900 2,030 1,560 48,724 Cable ...... » * 100 Electric...... * ... 10 Special Foods .......* Gen Gas 8c Elec Cl A * * Preferred A (7) Preferred A (8) * ...._♦ Conv preferred A......-...* General Italian Edison Mills.... * Preferred ...106 Gen Motors Corp,....... 10 Preferred (5) .._* Gen Outdoor Advertising A ... 78*366 ..100 8c Utilities Corp.* ( * * Gillette Safety Razor ♦ Convertible preferred..No Brothers 7% preferred » 3 70 90 80 X 12 Sale 11)4 Sale 46)4 Sale Sale 37 49 42 Sale % X 1X ...... Gold Dust certificates 31 27 31 102 11 26 28 30 24 33 X 13)4 May 31 2 X May 26 X May 26 10 May 10 4 May 17 40 May 28 1 May May 19)4 May 1 May 4 May 8 May 10 May 35 May 3 12 25 28 6 3 26 3 25 5 85 82 2 4)4 4)4 4)4 5)4 Sale 95 50 2X 1)4 15)4 Sale Sale 2 % eH Sale 14 20 54 7 1 Sale May 6 1)4 May 26 X May 25 3 May 31 6 May 28 654 May 31 8 May 19 80)4 May 31 11 May 31 46)4 May 31 37 May 27 16 May 12 May 2 May 5 May 20 May 20 May 4 May 3 May 2 May 10 May 2< May 2 3 1 10 5 50 1 May 12 3)4 May 5 20 May 6 1)4 May 10 5)4 May. 23 1054 May 9 10 May 3 43 May 3 4 2)4 4 3X 3)4 Sale 20 5 X May 11 80 May 28 2)4 May 28 354 May 28 3 May 25 May 2 7 May 12 X 5)4 1154 6)4 May May May May 8 May 85 May 12 May 50 May 4454 May )4 May 2 )4 May 13 X 1)4 Sale 80 78 25 6 2 31 19 18 4 9 12 X May 18 X May 16 6 82 May 31 May 3 2)4 May 28 4 May 17 6)4 May 6 24 98 7 23 X 27 46X 13 X 2X X 9X 4 40 May May May May May Apr. May May May Jan. May May IX Mar. 1 May May 19X May 1 Apr. 2X Apr. 8 May 9X Apr. 35 May 20 Apr. 16 May IX May X May 3 May 6 May 6X Feb. 3 31 36 X Feb. 15 31 107X Mar. 17 Feb. 16 26 25 Feb. 23 28 51 Mar. 16 24 57 5 61X Mar. 3 Jan. 19 4 31 7X Mar. 29 26 2X Mar. 5 26 30 11% Jan., 11 Jan. 12 7 17 Jan. 28 28 85 31 12 25 28 12 4 26 20 25 6 6 26 25 31 28 18 7 Mar. 31 80 14 31 31 27 Apr. May 46 X May 37 May 11 X X X 4X 3X 4X 5X 47X IX 7X Mar. 31 Mar. 23 Jan. 19 Mar. 8 Jan. 25 Jan. 8 14 Jan. 22 Jan. 64 Mar. 11 25 Mar. 9 May 3X Feb. 7 0 Jan. 14 20 2 10X Mar. 16 27X Jan. 15 8X Mar. 8 8 May 19 94 Jan. 1551 Mar. 59 X Jan. 53 Mar. Jan. Feb. Feb. Feb. Apr. 10 Feb. 65 7 25 18 8 26 7 11 82 X Apr. X Jan. 9 IX Apr. 13 2X May 28 3X May 28 3 May 25 Feb. 20 14 7X Mar. 7 10X Feb. 19 12 Mar. 10 4X 21X 5X 72X 19X 5X Jan. Mar. Jan. Jan. Jan. May 32 Feb. 9 IX Jan. 17 Jan. 4 11 95 50 2 1)4 12)4 Sale 1)4 Sale 39 1454 5)4 154 Sale 50)4 16)4 Sale 41 1)4 May 21 12 X May 31 IX May 27 May 3 16)4 May 11 2 X May 2 10 15)4 May 5)4 May 6 May 54 May 7 May 2 39 "16" Sale 4 11 4 254 54 Sale 554 Sale 1)4 Sale 45 Sale 25 11 Sale 8 Sale 13 12 Sale 11 Sale 100 96 100 95 Sale 2X IX 13 X 3X 1)4 2 1 Sale 7)4 2)4 Sale 17 ~ 4 4X 28 X Sale 85 X 100 Sale 25 11 Sale 34 X Sale 1X Sale 3 25 54 Sale 1054 30)4 1)4 Sale Sale 1)4 50 1 30 30)4 33 24 11 14 X 2054 31)4 2354 32 85 88)4 2254 Sale 83 Sale 3)4 4 9)4 6 Sale 3)4 Sale 22)4 Sale 75 18)4 30)4 84)4 10 X 7154 354 5 7)4 42 May 2% May 6 May 54 May 554 May 31 16 IX May May 10)4 May 5 May 10 X May 90 X May 1 May X May 4X May 1)4 May 20)4 May 8454 May 8)4 May 1054 May 19)4 May 54 May 31 Sale 8 4 21 31 IX Apr. 11 12X May 31 IX May 27 45 Apr. 20 10 May 31 2X May 16 6 May 4 % Apr. 22 5X May 31 14 9 14 14 15 4 __ )4 10 )4 Sale 14)4 Sale 29 . 4054 6 5)4 44 Sale 5)4 9 Sale 1)4 15 954 12 4)4 Sale 40 42 3)4 Sale 70 4 "*566 93 Sale 21 Sale 13 17 48 Sale Sale 8 50 50 55 Sale ----- Sale 30 80 54 Sale 8)4 Sale 64)4 Sale 3)4 Sale Sale 5 1)4 SX 40 30 76 55 2)4 Sale 5)4 18)4 85 3)4 Sale 9)4 1254 10)4 Sale 34)4 36 13)4 Sale 59 65 May 7 11% May 11 32 May 7 IX May 3 X May 19 5)4 May 16 354 May 5 8 May 4 X May 31 1154 May 4 48 May 26 1 May 26 8 May 31 3)4 May 26 35 X May 27 254 May 14 8)4 May 31 83 May 11 54 May 10 May 4)4 May 9 May 54 May 15)4 May 55 May IX May 9 54 May 4)4 May 6 1 8 May 24 15 5 3 6 11 6 2 10 6 2 16 4 2 21 6 8 4 89 26)4 May 33 May 13 X May 19)4 May 32 May 84 X May 1154 May 73 May 4 May 6)4 May 7)4 May 42 May 154 May 13 X May Sale 77 Sale 2 May 6 41X May 10 17 X May 6 9 May 20 12)4 May 7 96 May 1)4 May 1 May 7)4 May 2}4 May 28 X May 11 23 28 31 25 28 31 31 31 31 4 14 26 May 4 May 31 10)4 May 15 May 5)4 May 18)4 May 28 May 8054 May 8 % May 64)4 May 3)4 May 5 May 5)4 May 3354 May 1)4 Sale 50 54 17 8 Sale 10 31 31 26 4 24 31 31 14 31 31 31 2 31 31 IX May May 10X May 5 May 10 X May 90 X May 1 May X May 4X May IX May 20 X May 84 X May 8X May 3X Jan. 41 \fi £Ky 14 Feb. 16 61 35X Mar. 8 15X Jan. 15 19% Mar. 4 105X Mar. 11 Jan. 31 14 31 38X Mar. 10 31 101 31 j 22 % May 8 1 2X Feb. 4 16X Jan. 5X Jan. 13 Feb. Jan. 15 Jan. Mar. 14 9 Feb. 17 29X Feb. 15 40 Feb. 15 24X Jan. 14 26X 11X 40X 2X 14 50 10 X Sale 1354 19)4 )4 Sale 11)4 Sale 6 41 Sale 1 14 12 Sale Sale Sale Sale Sale 5)4 Sale 13 3)4 91 54 ----- 83 ... 1 40 20 ♦ | Preferred ex-warrants..100 Gould Coupler "A" • Sale 854 Sale 1054 Sale 20)4 Sale 54 Sale Gold 8c Stock Telegraph_.100 Goodrich (L J) » 400 1)4 X Sale 4)4 Sale 1)4 2 20)4 Sale 85 1254 Sale Preferred 1 13 26)4 5 • 3 Sale 5)4 Sale 87)4 112 39% 40 ..... * 100 27 1)4 17)4 Sale Sale 16 X Sale X * No par value 12 Sale 12 27 7% preferred 100 8,200 * 220,050 Goodyear T 8c R 1st preferred » 25,000 103,800 Gotham Silk Hosiery......* Preferred __100 1,367 *2*406 20 12 100 7% prior preferred 62,380 Gobel (Adolf) 100 8 2 Sale 45 * :__* * * Co 1)4 Sale 654 Sale 654 Sale 11)4 30 16 3* 1)4 85 65 33 13)4 Sale Gen Steel Castings pref Gen Theatre Eq v t c Glidden 60 ..... .._.* General Refractories Glmbel 3% 18)4 Sale 2)4 Sale ....* Preferred General Public Service 540 12*666 * * General Printing Ink General Ry Signal Preferred 370 326,600 2,100 * 100 Gen Cigar Inc.... Preferred (7) Gen Realty Preferred 94 3 1)4 98 ..* 5 ........* Bronze.. 75,350 35,900 18,500 10,700 1,070 117,200 1,330,900 35,500 17,300 8,630 31,400 75 Sale Preferred 7% Class A General "8% Sale" 2 X _* Preferred General 5)4 Sale 48 X 30 General Asphalt...... General Baking Co..... General 8§* 80 254 54 5)4 Sale 1154 Sale 7)4 654 1* * Gen Amer Tank Car..... General g ......100 Preferred. Class B v 7 5 Gen American Investors General 2 % Sale 1654 Sale ♦ * 4,400 Gabriel Co (The) Class A * ...» 6,677 Gamewell Co (The) *2*166 22 * Preferred 6% Foundation Go 10 5)4 100 100 156,625 1,600 27 92 87)4 16 14)4 51)4 Sale 45)4 4854 * First preferred 7% "7*300 800 2 Sale 4 23 * ""500 1,830 3)4 1)4 * 10 ... 170 10 May May May 23)4 May 27 May 98 18 35 450 500 * 1554 4 10 * 12,200 Follansbee Bros 1,600 Food Machinery Corp......* * 85,600 Foster-Wheeler 7,300 1,200 27,700 5,500 39,700 Sale 20 3)4 12 8.385 100 9,400 55,100 14 19 2 First preferred conv 1,890 3,600 Florshcim Shoe class A 220 90 16 24 35 50 85,900 """266 90 35 15 39 . 6,000 7,700 142,000 2,900 2,600 1,000 4,200 40 24 49 20 100 110 Fllene's Sons...... 48,900 2,600 2,000 21)4 40 35 Sale 25 Preferred 700 Fifth Avenue Bus 12,300 *4*566 38 33)4 8* 6 Preferred 1,515 ............100 10 50,400 Firestone Tire & Rubber Preferred 100 30,800 * 154,500 First National Stores 14,200 590 33 60 43 2,700 Federal Screw Works., 100 8,000 9,600 19 47)4 17 73,000;Federal Water Service A 88,500!Fidelity Phenx Fire Ins 270 240 16 52 2,200,Federal Motor Truck 10,300 26,300 27,500 1,100 585,100 9,800 11,300 4,500 10 500 600 600 3 Federal Light 5c Traction.. ».* ... ""566 330 12 676] Preferred * 466 Federal Mining 8c Smelt..100 60 6,600 Sale 40)4 ..100 6,800,Fa8hlon Park Assn 2 354 25)4 Sale 102 10 4 .........25 100 Preferred 10,103 Fairbanks Morse 1,400 1,770 26)4 25)4 100)4 122 100 |Fairbanks Co 90| 190 10 12 * Endicotr -Johnson 10,700 2,900 54 554 3X 8)4 )4 1254 48)4 Sale Sale Sale 16 Sale Sale Sale 1)4 Sale 3)4 Sale 37 Sale 3 Sale 8)4 Sale 79 60 2)4 Sale Sale 7 554 Sale Sale 23 1154 Sale 58)4 Sale 80 X 8X 62X 3X 5 5X 33% 1 8 75 2)4 May 7 May 5)4 May 22)4 May 11 May 58 May 2 3 23 Apr. May May Apr. May May May Apr. Feb. Apr. May May May May 16 28 31 29 28 31 31 8 9 12 14 26 4 31 Mar. 31 X May 19 5X May 16 3X May 5 8 Mar. 28 2 10 3 2 4 3 6 11 X May 10X Jan. 48 May 1 May 8 May 3X May 35 Apr. 2% May 8X May 83 May 31 5 26 26 31 26 28 14 31 11 28 3)4 May 7 11 31 May 12 12 X May 31 7 7 31. 38)4 May 14 X May 14 6 31 59)4 May 17 2X May 7 May 5X May 22X May 7X Jan. 50X Jan. 28 31 31 31 5 11 % May 2 40 May 3)4 May May 83 May 13 13 10 25 Mar. 11 37 88 Feb. 15 Jan. 29 24X Jan. 14 87X Mar. 12 4 Jan. 9 Feb. 14 Jan. Feb. 60 5 5 13 28 Jan. 18 13 28X Jan. 14 Jan. 13 90 IX Mar. 5 16X Feb. 19 14) Jan. 9 16 Jan. 1] 243 683 23 Jan. 31 7 54 Jan. 25 11 3 3 14 13 9 13 Mar. Mar. Jan. Mar. Feb. JX Jan. 21 19X Mar. 9 95\.\ Feb. 6 5X Jan. 17 Jan. 18X Mar. 61 14 8 9 Mar. 10 14X May 65X Mar. 6 1 52 54 1)4 )4 Sale 54 IX 54 May 2 May 10 1 Jan. 11 34 N. Y. STOCK AOOREOATE SALi:S.-: 23,400 7,200 2,600 30 5,700 3,400 3,700 18,900 12,400 4,800 1,770 620 23,000 200 1932. 62,200 Great Northern Ir Preferred 80 5,300 * ore prop. . 7% 13,700 Hall Printing """896 3,756 Hanna preferred 11,100 Harbison Walker Ref 1,300 Hartman Corp class A Class B 12,700 1,200 300 900 300 Hat Corp class A 300 500 2,200 1,500 8,400 5,700 1,800 115% 120 5% 6% 60 Sale 60 Oil of Teias 10<- Voting trust certificates.25 • * Indian 126 % fSM J*1 10% Preferred 100 Refining 25 -If v Corp... Sale Sale 5% 2% Sale 1% Sale 1% a Sale 15% Sale 11 2% % 3% Internat Agriculture 100 5 Sale 3% 4 6 Sale 4 Sale 10 - / ....... Preferred certificates... 2 Harvester, 7% preferred 100 Internat Hydro-Elec Sys A Internat Match pref Internat Mercan Marine.. Class C 100 * Sale 4 7% Sale 75 7% 1% % » Preferred 17 ,300 7, ,500 Internat Printing Ink Preferred 1 580 % 4% 4% 105% 108 10% Sale 17** Sale 3 ....100 85 Sale Sale Sale IK 30 Sale 19% 37% Sale Sale 100 18 7% preferred ....100 1, 160 * 1,511, 262 Internat Tel & Tel 18, 350 I nterstate Dept Stores * 50 Pref without warrants..100 100 Corp » Preferred.. f » ... 500 6% 100 Kennecott Copper... 3,400 K lmberley-Clark 7,300 Kinney (G R).._ 8% preferred 1,325 .._..* • 774,900 • » .... 452,650 Kresge (S S) Co 790 7% preferred ...» ^.100 ....10 100 ... 1,010 Kresge Dept Stores. 140 8% preferred » _• Kuppenheinter 8c Co. Laclede Gas... '"166 Preferred......... 265"706 600 1,600 23,200 6 2% Sale 7% 6 3 17% 88 93 17 Sale Sale % 1% 5% Sale 70 2% 76 3% % 4 % 4% Sale 35% Sale 15% 36% 12% 5% 2% Sale Sale 15 35 Sale 5 1% 10% Lambert Co Lane Bryant.. 3% Sale 59 2% % 2 32 42 10% Sale Sale 9% 30 2% 1% Sale 18% 4% 14% 105 94 100 % 5% Sale 5 36 21 A% Sale Sale 4% Sale Sale Sale 20 26% 3% 4 % Sale 10% Sale 20 Sale 15% Sale 10 55 36 Sale 95 % % 5% Sale Sale 20 9% 1% Sale "30" Sale % 16 30 16 30 9% 10K 8 3% 7% 3% Sale 25% 29 1% Sale 5% Sale 28% Sale 10% Sale 15% 20 1% 3 Sale 14 Sale 6% 13% % 6% 10% 110 93 Sale 9 15% 103 1 12 1% 40 27 4 36 5% Sale 14% Sale 1 10 Sale 3 28 29% 30% % Sale .. 13 Sale ...100 100 ...100 49% 160 89 60 120 Sale 33% Sale ..........* * 3 2 10 2% .... 3 80 4 1% Sale 19 5 3 3 2 May May 1% May 28 10% May 1 Sale 2% Sale 21% Sale 5 Sale 12 Sale 1 5 1% Sale 8% Sale 88 110 1% 5% 18% 19 20% Sale 16 8S/' 3% 116% 1 43 8% 1% 5% 2% 1% May May May May May May May May May May May May May May May 28 26 12 12 27 9 2 31 May 2 7% May 2 1% May 12 1 May 5 2% May 13 4 % May 9 % May 6 65 May 3 57 6 6% May 4 16 20 76 62 31 68% 31 10 % 24 9% 4 31 3 131 25 2% 13 45 31 13% 2% 4 6% 27 31 4% 26 2% 1% May 19 25% May 2 20 May 6 14 May 6 2% May 5 4% May 27 2 May 26 % May May % May 4 May 66% May 2 1 % May 3 % May % May 6% May 6 May 14% May 74% May 4% May % May 1 % May 3% May May 2 % May % May % May % May 2 May 4% May 35 May 10% May 35 May 9 May 26 May 2% May 1% May 28 May 21% May 3% May % May 10 % May 5 26 28 20 28 31 31 23 31 13 31 26 26 2 31 31 6 31 25 25 7 31 16 7 31 17 25 7 28 31 4 26 14 27 31 6 % 2% % 2% % May May May Ma y May May May May May May May May May May May May May 2 3 7 12 2 20 7 5 6 6 13 13 11 3 2 2 9 5% May 72% May 5 May 1 May % May % May 4% May 4% May 37 May 16% May 39% May 15 May 32 May 5% May 3 May 28 May 29% May 4 May 1% May 12% May 7 4 7 2 19 3 17 2 4 83% 2% 9% % 9 7 18% 89 % 7 % 2 15% May 10 May 52 May 36 May 31 31 19 31 % May 14 5% May 27 3 May 21 7 May 24 % May 25 % May 26 25 May 25 16 May 26 9% May 26 10 May 19 1 May 27 2% May 16 20% May 25 Mar. 8 27 27 16 27 May May % May 5 May 8% May 88 May 5 12 1 40 50 25 25 31 28 3 26 31 18 3 25 31 25 31 33 7 1% % 1% 3% 14 5 2 4 2 16 19 19 6 19 2 2 2 7% May 11 13% May 4 1 May 14 8% May 6 10% May 2 93 May 2 1 % May 3 20 May 19 29% May 5 % May 2 14 May 6 12 14 22 Jan. 3% Mar. 22 9% Mar. 4 35% Mar. 7 Feb. 23 Mar. 8 Jan. 14 Jan. 8 Jan. 5 Jan. 1% Jan. 11 % Jan. 12 7 3 V May 9 8 Feb. 16 20 Mar. 8 23 Jan. 12 28 Apr. 26 14 2% Jan. 19 5% May 31 Jan. 16 11% Jan. 7 May 19 12 Feb. 19 Mar. 7 30 Mar. May May Mar. Apr. May May 28 70 Jan. 7 14 26 15 Jan. 0 15 Mar. 18i Jan. 27 , 9: k 8 15 May 13 Jan. 12 10 1% Jan. 12 Mar. 9 78 115 Mar. 19 Apr. 30 130 5% May 28. 8% Jan. 15 M* & 13] 31 4 May May 20 May 31 May 31 7 % % 20 Jan. 5 8 1% Jan. 27 Jan. 9 2 Feb. 24 13 4% Jan. 14 12 7 19 22 Jan. 9 18 9 13 Jan. Mar. 31} Jan. 31' 23: 6 5 18 Jan. 1% Jan. 21 15 Feb. 29 29% Jan. 18 12] 15% 31' 14 15 Jan. 26 108 Jan. 26 11% Mar. 8 9 24% Feb. 19 Jan. 4 31 19 9% Mar 7 15 21 2% Jan. 1% Jan, % Jan. 11 Jan. 26 2 8 May 31 12 May 25 4 15 23% Feb. 44% Jan. 17 15 24% itaar 10 65 13 Feb. 12% Feb. 19 11 Jan. 9 55 Jan. 21 52% Jan. 7 Apr. 2% Jan. 8 14 18 14 85 Jan. , 35 1 Apr. 9 Feb. 13 25% Feb. 19 99% Jan. 22 Jan. 84 8 113% Jan. 1% Jan. 27 Feb. 25 21 8% Mar. 10 40 Apr. 15 11 24 7 Mar 10% Jan. 86 31 21 7 Vi 25 5 23 6 19 Mar. 7 Feb. 9 2% Mar. 7 May 16 45 30 Mar. 9 May 19 Mar. 8 22% 11 % 4% 10% 38 Feb. 19 Feb. 23 13 Jan. 14 Jan. Jan. 9 22 Jan. 23 Jan. 14 5 May 19 J<m. Mar. Mar. 14 7 8 May 31 2 - May 26 1% May 2 35% May 4 May 2% May 6 4 6 33% Feb. 24 20% May 31 1-32 May 25 10 May 31 37 Jan. 21 73 100 19 11 1% Jan. 21 38% Mar. 7 39% Feb. 19 Apr. 28 19% 4 % Apr. 2% 5 Apr. 12 13% 7 19 8% Apr. 88 May 18 110 Apr. 8 8 12 1 5 12 28 117 2% May 16 20% May 25 5 May 16 Jan. May 19 Apr. Mar. 10 Mar. Jan. May 26 6 6% Jan. 1 14 Jan. 16 10 Jan. Jan. 15% May 31 3 8 12 5% Mar. 2* 90% % 5% 9 Jan. 11% Jan. 5% Jan. 3% May 31 May May May Apr. Apr. May May May May May 12 16% Jan. 71 10 Mar. Mar. 57% Jan. 24% Mar. May May May May May May 4% May 2 May % Apr. 2 May % Apr. 3% Apr. 66 % May 1% May 3% May % May 4% Jan. 4% Jan. 14% May 74% May 4% May % May 1% May 52 Jan. 95 83 1% May 24 11% May 31' 10% Feb. 15 131 4 May 25 % May 14 10 Feb. 10 1 Apr. 1 9% May 31 14% Apr. 29 11 Apr. 30 % May 25 36 28% Feb. 18! 83 1 Apr. May 6 2% May 31 % May 25 % May 25 Apr. 14 May 31 4% May 16 25 *24% Jan. 15 6 10% May 31 35 May 17 5 9 May 25 17 26 26 May 7 6 2% May 28 6 1% May 31 28 4 May 4 21% May 26 3 -24 3% Apr. 12 13 % May 27 7 10% Apr. 18 85 Apr. 9 25% May 2 13% May 6 63 May 12 50% May 3 % May 6 May 5 May 10 May 1% May 1 May 30 May 30 May 14 May 11% May 1% May 5% May 28% May Mar. 30 May May % May 8' May 8 4% Jan. 7% Jan. 3 Mar. 24 15 • May 23 9% May 31 15 May 2 12 May 2 % May 25 1 Sale Price? May 27 May 31 May 31 19 8* % May 27 1-32 Sale 10 Sale •1% - 3% 2% Sale 4 41 16 May 271 May 2 49 May 2 60 May May 17 May 4 5 May 3% May 16 110 2 1 May 3 43 May 7 8% May 7 1% May May 10 5% 6 2% May 3 May 1% % May 14 May 19 May 20% May 1-32 May 10 May 80 Sale 1\' Highest. Prices 3% May 17 22% May 31 7 May 31 14% May 28 6 May 3 3% Apr. 5 50 May 31 0% Apr. 5 % Apr. 13 % Mar. 7 3 % May 9 May 2 May 19 100 62 Sale Sale 12" "20 3% May 9 4 May 20 105 85 u *11% Sale" May May May May May May May May 71 Sale 8 .... Lee Rubber 8c Tire.... No par value. • ""I% Sale" 30 25% Sale 12% Sale 40 1% 15 15% Sale 77% 4% Sale 39% 29% 3% 51% 8% 5% Sale 1% Sale Sale Sale 6% Sale 3% % 1 4% 76 7& 1 6 Sale Sale 1 50% 12 % 3% 67 56 5% 60 112 Q% 3 Sale 95% 100 84% 113% % Sale 2% 75 7 85 31 2 5 Sale 81 ..100 Kress (S H) & Co 4,929,400 Krueger 8c Toll Co 309,650 Kroger Grocery 8c Bale... 24,200 Sale Sale 8% pref ctf of deposit..100 44,200 Kelsey-Hayes Wheel 339,400 Kelvinator Co 1,680 Kendall Co pref A 8.1500 % 4 79 pref ctf of deposit..100 Preferred 900 85 30% Certificates of deposit * 6% preferred ..S00 1,460 5% Sale .... 16,675 2%^ 2% 2 Sale 42,500 Kayser(J) 8c Co * 32,100 Kaufman Dept Stores ..312.50 1,500 Keith-Albee Orpheum pf.100 175,000 Kelly-Springfield Tire......* 500 58 i* Preferred 1,080 100 6,070 Jones & Laugh Steel pref. 100 760 Kansas City Lt 1st pf Ser B * 3,600 Karstadt (Rudolph) 1,000 4% 57 14% 1 Johns-Man ville 1,300 103 1 Jewel Tea Inc 440 9% 53K 52% » 22 200 Investors Equity 900 Island Creek Coal.. Sale 2% 3 % M ..... 8% Sale 12 Sale 1 6% ... 7% 100 * 2% Sale 7 100 34, 600 International Salt 300, 600 International Shoe 41, 900 International Silver 2 Sale Internat Combus Eng Preferred Preferred 3% 103% Carriers Ltd Internat Cement 30 1% Prior preferred Int Business Machines Internat Paper & Power cl A * Class B 4 ,700 1,090 1% % Sale 1% 13% 1 Sale 11 Sale Sale Interlake Iron.. 10 1 2 18% 1% 1% 25% Sale Sale Sale Sale Intercontinental Rubber. 21,100 665,100 8% Sale 1% Sale 6 % 1% Sale 43 4% 2% 1% Sale 12 5 3 700 Intertype 10% 2% Sale 1% 16 3 /:•; 8 ,500 5,200 1,100 47 Sale Sale 20 994 ,300 Internat Nickel of Canada..* 24 ,100 m a Sale 125 Sale 16% 31% Sale 16,456 Insuranshares Ctfs Inc Internat 4 116 8% 3% Sale 1% 24 % 9% 9% Sale Sale New (nternat Sale 1% . 7,700 18,700 10,600 4,000 222,800 17.400 46,400 99,600 31,800 1,600 293,000 11,800 135,100 300,900 15,500 130 2% Sale 5m 17 K i» 16,900 Inland Steel 26,400 Inspiration Cons Copper. Insuranshares Corp (Del.) 24"250 IK Sale 10% lOH 8 5% Motocycle 151,300, Industrial Rayon 127,000' Ingersoll-Rand 80 % 15% 27 27 16 27 5% May 28 68% Sale Preferred 4,600 6% 79 % ...... 150 2,800 206,800 36,800 130 5% 51 71 500 160 320 110 115 Sale 51 49 80 300 116,000 1,100 1,400 160 40,000 70 % % 1 % 3% % Sale 30 270 % Sale Sale % 65 1 Sale 21,600 Indian 290 900 9 6% % 1 1% Sale 4 4% 7 71 49 10,300 1,600 4,700 2,900 2,100 3,500 45,000 124% 129 ::::: 2 1% 33 Sale 1 ,800 Internat Paper pref 7%..100 1,300 200 9 1 71 * 7 Sale 4 ,700 21,200 8% 1% 65 Sale 12 33 1 2% 30 62 370 700 600 3m 76 200 6,000 4,500 2^ Sale 101,300 Hupp Motor Car Corp "*5" 600 ""'366 Sale 3% 1 1% May 10 May 6 % May 2% May 5% May 27 May 12% May 20% May 8% May 4% May 61% May 8 May 1 May 12 % May 2 4 5% May 31 8 May 19 100 530 9,800 58,800 Sale 80 46,700]Howe Sound 136,300|Hudson Motor Car "l",866 550 6 % Sale May May % May 8 May 93 .. 2,200 203,000 1,600 Sale Sale i><ut Prices 20 15 19 18 118,500! 4,500 iS* 24 Sale 7% IK % Sale 20 6 15 16 18,500 7,400 11,000 10,400 4,600 4 27 127,150,Houston 137,200 3* 25 23,000 149,900 % Sale" % • Preferred.... 2,100 Hoe (R) & Co class A • 13,100 Holland Furnace • 23,300 Hollander (A) Ik Son * 30,600 Homestake Mining KM' 45,800 Houdaille-Hershey cl B * 13,700 Household Finance part pf 50 500 13,900 11,500 1,600 Sale 50 Lou-est. Highest Prices 1 May 27 2% May 31 % May 31 1 % May 23 3% May 17 22% May 31 7 May 31 14% May 28 6 May 3 3% May 26 50 May 31 8 May 8 % May 2 % May 2 3 % May 9 4 May 20 23,600 10,700 3,400 300 3% Sale Sale 2,430 Preferred... ........100 40,900 Hershey Chocolate * 550 42,500 2,100 Sale 8 57 * 5,400 Hercules Powder..... 6 20 8 • 100 14% Sale 90 20 ...... "l"I66 800 23% 7 * 25 Sale Sale 1 ...... Sale IK Sale 10K Sale ...* 4,390 Hawaiian Pineapple... 7,800 Payee Body 5,200 Helme (G W) 350 7% preferred 3,900 Hercules Motors... 1,700 1,100 1,500 600 ~oP 20 6 181* * ..... 22% ..... 27 • ...... Sale 1 Sale 10 ..... Ask 2% Sale ■i % Sale 1% 3% Sale Sale" 4 Lowest. May 31. 7 ' * 30 Hamilton Watch Preferred. .............100 20 10 45,600 2,200 7,000 7,700 1,800 67 3% 1st preferred.......100 1,400 3,500 1,900 2,600 Sale 8% * ... 8,200 5,225 24,700 1,700 5,700 * JK 62 ........100 Gulf States Steel 50 28,900 Sale Sale 3,800 dackensack Water........25 Preferred A_............25 1,170 43,800 Hahn Department Stores * Preferred..............100 16,625 650 • 2% 26% Sale 13 12% 20% Sale Sale 7 ' - ""900 • 1% Sale 3% Sale m 42,000 Great West Sug......... ..* Preferred ..100 6,970 910 Greene Gananea Copper..100 ....» 164,000 Grigsby-Grunow Co 900 Guantanamo Sugar.... * | Ask. Bid. Bid 184,800 Graham-Paige Motors..... * 100 31,900 Granby Cons MSA P -■-* 75,400 Grand Silver Stores 240 Grand (F & W) Stores pf.100 40,300 Grand Union..............* Preferred • 13.500 4,900 Granite City Steel.........* * 62,100 Grant (W T) 80 i May 2. Par. Shares 300 RANGE SINCE JAN. 1. IN MAY. Price Jan. 2 1. Jan. May. Shares. PRICES STOCKS N. 7. STOCK KXCHANQE Since In EXCHANGE-STOCKS 73 25 Apr. 19 May 31 2 May 26 1% Apr. 12 9% Jan. 26 18% Mar. 8 Apr. 19 56% Jan. 4 May 2% May 14 4 6 AGGREGATE SALES, In Since May. Shares. 1,800 N 500 75,600 12,700 8,200 7,400 800 10,800 44,100 1,200 2,200 16,400 114,025 3,200 8TOCK EXCHANGE 600 17,600 540 3,350 96,400 500 Preferred.. 40 1,400 680 1,060 300 6,600 42,500 13,700 7,300 3,800 130 10 40 120 2,590 """400 600 1,100 7,100 3,100 171,387 23,800 12,900 47,500 1,800 13,700 48,900 480 1,300 400 41,000 5,600 400 4,500 900 2,500 "3", 166 900 260 180 Sale Lima Locomotive Works 900 Sale Carbonic.......... 7% * * ..—.—100 preferred 7% preferred Mandel Bros _ 640 7,300 800 240 9,500 6,100 200 25,600 Marlin-Rockwell Martin Parry Corp Mathleson Alkali Works Preferred 100 550 32,700' 268",500 4,200 16,100 • No par Sale Sale 1 "" Sale i§* 9 6 3* 9* 100 32* 34* 15* 7 9 10 Sale 10 Sale 10 Sale 22 i!H 28* 1* 3* 1* 10" 6234 60 80 14* Sale 13 53 29* Sale tH Sal* ell .8 Sale 90 Sale Sale Sale 4* * * 9* * * * IX 1 * 4* Sale * Sale 4* 108 7 12 * 90* Sale 9* Sale 2 Sale 3* Sale 1 Sale Sale Sale ,r* 10 57* 11* 21* 2* 4* * JX 24 10 o \X Sale 5* 15* 8 Sale 50 Sale 40 121 9* 2 11 12 2 3 27 — 12 14 m 17 6 9 2 25 6 23 14 2 2 6 6 16 24 24 13 18 May May May May May May May May May May May May May 5 May * May 32* 3* 5* * * 16* 102* 78K 2* Sale 3 3* 33* Sale 7 26 31 4 27 11 9* May 25 May 5 May 25 1* May 26 3 May 2 12* May May 13*. May 2 May 3* May 8 May 1* May May 5* May 15* May 50 May 11 May May May 8 May 17* May 50 May 25 24 19 28 31 2 * 1* 4 * 6* 5* * 3* * • 21 iff 5 29 17 5 Mar. 8 Jan. Mar. 8 Jan. 9 8 Jan. 21 Mar. 3 Jan. 14 16 Apr. 18 19 Jan. 62 Feb. 14 18 7 7* Jan. 16* Mar. 16 62* Feb. 19 5* Feb. 15 Feb. 23 Mar. 4 13 5 Mar. 14 36 15* Feb. 17 6 62* Jan. 18* Mar. 4 60* Jan. 14 3* Mar. 9 8* Jan. 14 1* Jan. 18 9* Mar. 1 11 25 1 Jan. 2 Jan. 3 Jan. 7 Jan. 1 Mar. 14 5 15 12* Jan. 14 11* Mar. 8 Jan. 2 9 13* Jan. 14 * Mar. 23 Mar. 10 Jan. 13 20 Jan. 13 Jan. Jan. 14 13 7 9 8 35*| 18 Jan. Jan. 2* Jan. Jan. 19* Jan. 22* Jan. 29 9 14 Mar. 15 60 Feb. 105 Apr. 9 4* Jan. 13 6* Mar. 8 1* May 3* Apr. 2* Apr. 30 Apr. 12 Mar. 12 23* Mar. 38 13* May 18 1 * May 2 5* May 27 7* May 2 23* May 7* May 28* May * May * May 14* May 3* May 5 Mar. 10 P 20* May 1* Apr. May 5* May 15* May 50 Apr. 12 8 19 Feb. 8 2* May 5* May 3 May 35 May 9 Jan. 20 2 30 7 7 20 105 Mar. 1* May 28 4* May 6 2* May 25 30 May 14 2 Sale Sale Feb. 5 9* May 89* Apr. 11 May 1* May 3 Apr. 15 12 1* 4* 2* 72 31 31 8 14 6 13 2 13 25 20 9 26 31 21 27 19 34 20 Mar. Mar. 11* 21* 2* 4* * , 91 26 26 23 31 22 20 * Jan. 34 21 5 9 Mar. 31 31 5 May May Jan. Apr. Jan. May Mar. Apr. May Apr. Apr. May May Apr. May Apr. 8 Mar. Mar. ir _ 31 26 19 20 13 25 31 25 31 26 5 7 3 if* 2!H 6 10 May 2 4* May 10 * May 18 9 May 2 7* May 2 * May 6 4* May 5 * May 11 4 if: 28 12 Jan. May 10 May 10 May 22 May May May May May 3* May 1 May 15 May 10 Apr. 57* May 35 15 14 Jan. Jan. Jan. Jan. rt* 4 16* Jan. 14 31 118* Mar, 7 31 59* Mar. 7 Mar. 8 31 Mar. 8 27 sM 100 2* 4* May May May May 14 22 31 26 13 May 31 May 2 May 18 12* May 31 5 1* Jan. 2 11 8* 2 May 3 Apr. 30* May 6 May 3* May 8* Apr. 100 May May May 15* May 7 May 9 May 13* May 45 May 11 11 6 2 17 6 10 33 13 Apr. May 19 „ 49 1 May May May May May May May May May May ei.vj.ay 90 Sale Sale 3* 14 2 15* May 15 May 13 May 45 May 2* May 14*-" May 39* May 2* TVTfl.v May 6* May 1* May 15 May 10* May 60 May 25 15 100 1* 3* 32 8* 1* 4* * 6* 5* * 3* * 1 91 34 10* IX Sale 4* May May 1* May 3* May 37* May 15* May 5 May 10 May 108* May 48* May 50* May 16* May May May 24 May 60 May 54 31 31 21 27 26 13 23 2* 11 96* 13 Sale 5* * 3* * 31 31 26 13 28 31 31 31 27 3 3 31 31 May May May May May 5 May * May 10 13 Ay> 19 14 31 26 19 20 13 25 31 25 31 26 5 4 3 28* 1* 3* Sale May May May May May May May May May May May May May May May May May May May May May May May May May May May May Sale 11* 21* 2* 4* 3 10 Sale Sale Highest. Sale Prices. Jan. 24 3* Lowest. Sale Prices. 2 May 26 2* * May 26 * 26 16* May 23 102* May 31 111 80 86 May 2 9 May 31 14* 1 * May 2 8 10* May 18 12* May 31 17* 2 May 27 3* Sale Sale Products........ 19,000 26,400 Motor 33,500 Mullins 2,650 ;■[ * Motor Wheel... Mfg Corp...——.* * Preferred 20 21 7* 29* * X 5% 1st preferred 83,900 Nat Distillers Prod.., 4,200 3,700 16,900 7,580 1,910 403,100 7% $2.50 pref.... cum Nat Enamel 5c Stamp. National Lead.... ""Preferred Preferred 100) * 70,600 9,200 1,120 45,400 27,500 6,800 176,800 22 8* 17 Sale 1 23 5 6 Sale Sale 32 3A Sale Sale Sale * * 11 Sale Sale 26* * Sale^ 2* Sale Sale 3 Sale Sale 17 6 12 10 11 4* 22 2* 10 Sale 10* 1* 3 Sale May * May May 6 May 13* May 3* May 20 May * May * May 11 May 2* May 26 26 27 31 31 31 14 20 2 28 31 3 May 13* May 10 May 2* May 26 21 23 26 5 5 May 2 May 18 May 7 May 10 15 12 5 14* 10 Sale 2* 8* 1* Sale Sale 8 10* May 12 2 May 17 May 31 1* May 25 6* Sale 1 Sale 130 Sale Sale 32* 120* 8* 22* • 2 129 AM 18 90 53 B 100 100 116 38* Sale Sale Sale Sale "15~" Sale Sale Sale 58 28 9 5 * 20* 3* Sale 10 130 15* * Sale 113 7 Sale 1 Sale Sale Sale 101 Sale 1 1834 * 27* Sale 25 'j* 82 13* 3* 20 5 12 Sale 100 * Sale 1 8 Sale 14 23* A...... Nat Power 5c Light 5* 21* 6* 28* * * 14* 334 Sale Sale 40 * ...100 Sale 8 7 Sale Is® 16 134 5* Sale 20 * 205,700 Murray Corp 1,000 Myers (F E) 5c Bros..———• 17 X 311,300 Nash Motors Co.....—..—* 2 10,800 National Acme............10 700 Nat Air Transport .._—*, 534 279,900 National Bellas Hess ....—*j 3 7% preferred 100 3,700 10 504,950 National Biscuit....... 7% preferred.. ....100 123 4,100 *1 187,467 Nat Cash Register A 8* 1,285,430 Nat Dairy Prod Corp ...——* 23* *1 2,800 National Dept Stores 930 Sale 1* Sale 7* 10 8 8* —* 4,300 Munsingwear Jan. 10 51* Mar. 14 9 Sale 100* Sale 82 Sale Sale Sale May 27* May 101 May 7 May 15 May May May 14* May 20* May 3* May 49* May 99* May 82 May 7* Man i* 1 May 25 36* May 31 31 120* May 9* May 31 May 26 31 May 23 May 18* May 26 31 25* May 5 31 May 65 2 May 5 104 May 90 31 May 31 12* May ,. 4 11 6 9 6 9 23 6 10 12 11 13 6 6 5 May 26 * May 26 May 27 6 13* 3* 20 * * 11 2* May May May May May Apr. May May 31 31 31 14 20 22 28 31 23* Jan. 2* Jan. 18 11 Jan. 25 10* 30* 11* 35* 20 Jan 8 Mar. 5 Mar. Mar. 12 ~ * Jan. 4 Jan. 9 1 26* Mar. 2 6* Jan. 14 13* Jan. 3 May 13* May 10 May 2* May 12 Apr. 8 May 1* May 5* Jan. * Mar. * May 27* May 101 May 7 May 15 May * May 2* Apr. 14* May 20* May 3* May 49* May 99* May 82 May 7* May 18 13 27 Jan. 13 15 Feb. 25 Mar. 2 Feb. 11 5 13 Jan. 14 Jan. Jan. 21 5 Feb. 17 46* Mar. 130 14 Jan. Jan. 14* Mar. 31* Mar. 7 13 7 8 Feb. 8 19 Jan. 2 24* Mar. 3 32* Feb. 26 8 92 Jan. Jan. 21 8 125 Mar. 11 105 Jan. 13 ♦ Radiator National Steel National Supply.... * 13* Sale 21 Sale 11* Sale 17* 4* Sale 8 14* 20 13* 50 6 100 26 Sale 18 National Surety.....—.—.50 National Tea Co.. ♦ 12 Sale Sale 7 7 33 53 Sale Preferred Neisner Bros * ... Nevada Cons Cop * 5% preferred —..—.100 —... 5 5* 1* 3* 4 7* 6* 2* Sale 14* Sale 20 5 Sale 3* 1* 2* Sale 2 Sale 14* May 4 May 13* May 5 May 3* May 1* May 2* May 26 24 26 25 26 16 31 17* May 2 4* May 13' May 3 6 7* May 4 5* May 1* May 16 9 3* May 18 14* May 4 May 13* May 5 May 3* May 1* Apr. 2* May 16* Mar. 26 24 26 25 26 26 31 8 23* Jan. 9* Mar. 4 34 Mar. 17* Jan. 10 Mar. 8 5 14 8 5* Jan. 14 6* Jan. 14 * * 28,000 N Y Investors Inc 34,300 N Y Shlpbuilaing— * ,1,360 7% preferred 100 1,650 New York Steam pref 6% • 7% 1st preferred * 1,700 280,200 Noranda Mines Ltd....._._.* ♦ 1,762,227 North American 6% preferred 29,400 50 131,000 North American Avaition—.5 value 8 7* 50 1 21,800 Newport Industries Inc * 11,100 Newton Steel * 6,800 New York Air Brake —100 1,300 New York Dock 100 220 Sale 2 ;—.—100 ... 3 30* 10 —* Class A 3,500 2,900 xl3 * Marshall Field 5c Co 1 Sale 24 -* ...— 1 Sale * Marmon Motor Car....—...* Newport Co (The) 2,500 1,100 1,900 9 * .....—.10 Marine Midland 49 Sale *8* Manhattan Shirt,......—25 National 59,700 Sale Highest Sale Prices Lowest. Sale Price. 4 May 21 80 1801 7,600 1,100 1,500 6,400 2,33t) A* 7 2* Sale 5c Lt pf—100 * 6,400 Minn-Honeywell Reg Co 25,300 Minn Moline Pow Implem..* Preferred 2,300 * 45,100 Mohawk Carpet Mills 58,500 Monsanto Chemical Wks...* • 1,337,700 Montgomery Ward 5c Co ...—.* 2,800 Morrell (J) 5c Co 23,400 Mother Load Coalition..—* 24,600 Moto Meter Gauge 5c. Equip.* 3,000 300 20 16 18* — Maracaibo Oil Explor... Sale 45 59 .......100 ....—100 Manati Sugar Sale 15 . _ Sale 32* 34* 10* 13* Sale Incorporated........* Preferred........ * Loews Milwaukee El Ry 500 1634 Sale ——————* 478 8% preferred ———100 5 21,450 Miami Copper 113,400 Mid-Continent Petroleum—• 42,000 Midland Steel Products.—. First preferred 100 4,900 26,600 3,400 140,750 1,000 24,867 375.300 Sale ..—25 Lily Tulip Cup Corp—.—* Liquid 100 Sale 25 Link Belt Co Sale 10* 112 LigAett & Myers Tob pref.100 Common 4 17 10 "4",166 1,000 Sale \X Sale 60 Mexican Petroleum..—...100 900 43",660 8 o 3 ...—5 9,600 Mesta Machine Co 5,600 Metro-Goldwyn Plct pref—27 2,000 16,700 Sale * * 770 7% preferred ...—-—100 25 63,270 May Dept Stores 10,400 Maytag Co (The) Pref with warrants...— 10,100 1st prei 6% 600 —* 15,600 Melville Shoe Corp—... --* — * 9,960 Mengel Co 80 17,500 300 31 Libby Owen* Glass ..... 26,600 Magma Copper 3,700 Mallinson (H R) Co.—.. 300 7,100 1,000 1,900 5,100 A* Sale Sale 122,100 Mack Truck Inc.........—* —_.———* 168,900 Macy__ * 23,600 Madison Square Garden 25,200 30,000 5,700 2,500 900 Sale 1 * _ 160 2,900 9,200 144,300 Sale 50 1* Lehn ft Pink . 2,600 200 Sale • Preferred..............-50 Lehman Corn (The)........* Lehigh Valley Coal — "8.800 Ask. 4 5 Cement..50 106 Let) I Ah Portland May 31. 2. Ask. Bid. ...... 6,000 2,100 1,100 2,200 May 1932. 76,500 Loft Incorporated......—.* 900 Long Bell Lumber A.. 38,700 Loose-Wiles Bisc........—25 1st preferred 860 ......—100 7,850 Lorlllard (P) pref 100 Common 785,400 ...—• 9,200 Louisiana Oil... 790 6* % preferred -.100 42,200 Louisville Gas 5c Blec A..—* * 28,100 Ludlum Steel.. Preferred.............—.* 6,400 26,600 McCall Corp —* * 2,300 McCrory Stores Class B —• 2,350 2,280 4% preferred...........100 ...* 22,600 McGraw Hill Pub Co 24,800 Mclntyre Porcupine Mines..5 338,300 McKeesport Tin Plate..——* —* 78,200 McKesson 5c Robblns Preferred..... 50 30,700 20,700 McLellan Stores class A——* Preferred -100 1,220 7,900 MacAndrews 5c Forbes Co—* Preferred ......100 477 11,800 Jan. 2 Par. 13,100 2,840 11,300 2,900 148,150 59,100 41,600 32,600 2,800 33,800 240,100 8,000 9,580 53,600 496,425 10,700 700 2,800 T RANGE SINCE JAN. 1. IN MAY. Price Jan. 1. Shares PRICES STOCKS 35 EXCHANGE-STOCKS N. Y. STOCK 2 5* 2* 2* 6 8 5* 7* Sale 15 45 Sale A* 3 5 15 1 2* 3* 7 10* 45 33 Sale 93 84 91 101 112 H* 46 3* Sale Sale Sale Sale 99* 100 13* Sale 23* Sale 37* 40 2 Sale 4 * 1* 2* Sale 49 84 5 15 Sale 46^ 1 * 2 1 2* 2 1 2* 11* 14* Sale Sale 30 32 Sale 1* * May 28 May 25 May 23 2* May 3* May 5* May 1* May 2 5 10* 95 73 5 6 35 30 Sale Sale 15 : 2 Sale 20 * May 2 May 30 May 70 May 90* May 10* May 14* May 30* May 1* May 1 10 16 2* 26 35* 28 89* 27 101 31 13* 26 25* 26 38 2 31 u May May May May May May May May 2 16 7 9 10 10 6 16 May 2 Apr. May Apr. Apr. * May 2 May 30 May 70 May 90* May 10* May 14* May 30* May 1* May 2* Mar. 7 4* Jan. 18 8 Feb. 7* Jan. 20 2 26 2 Apr. 9 Jan. 14 6* Feb. 29 57 98 Mar. Feb. 2 5 109* Mar. 14 17* Mar. 15 40 Feb. 47* Mar. 4* Feb. 19 3 1 N. Y. STOCK 36 AGGREGATE SALES Jan. May. Shares. 2,900 400 570 1,200 Par 12,000 North Amer Edison pre!. 3,840 North German Lloyd w i_ 1,550 Northwestern Telegraph .50 * 8,200 Norwalk Tire ft Rubber. 115~ 500 498*884 2,600 300 3,300 1,100 1,100 270 32,700 380 4,500 1,420 ..50 Preferred Ohio Oil Co 8,700 38,600 47,800 19,400 184,119 66,500 * Preferred.. 100 Owens-Ill Glass Co 25 Pacific Gas 8c Elec 25 Pacific Lighting Corp » 8,500 3,045 Pacific Mills .....100 34,890 Pacific Teleph 8c Telegr_.100 Preferred 100 1,495 * 553,400 Packard Motor Car 50 1,700 Pan-Amer Pet ft Trans Class B stock 50 18,400 200 290 ' 500 180 129,302 740 2,100 1 900 3,700 3,100 4,200 2,600 11,100 151,400 2,400 200 1,300 900 400 10 38,000 1,300 41,700 22,300 1,500 1,300 19,706 100 80 31,000 28,300 920 560 500 400 1,100 """460 X 100 A fit Ent ctf 5% Sale 1 12 * Cement * 5% non-cum pref. 10 Philadelphia Reading C 8c I.* 2,500 Phillips Jones Corp • 128",800 18 26 5X Sale 65 67% Sale 8% 6% 19 103 12 10 Sale Sale 324 934 13% Sale Sale 90 Sale 934 4031 4334 10334 10534 21 2034 34 Sale 3934 Sale 72! 10% 9834 100 1% Sale 5 114% 20% Sale 30 5 6 75% 40 22 28% X 1 6J| v 7% 3 Sale 11 IX IX 2H 3 Sale Sale 85 334 IX 3X 15% 79 Sale 5 23 X Sale 115% Sale IX Sale 12 3% 12% 3X Sale 6% 35 Sale 42 66 3% Sale % 2% 4% Sale Sale 4X Sale 2 21 Sale 2624 Sale 84X Sale IX Sale X % 5 16% 6534 67% 10% M 63* 2 % 4 1 14 2 900 400 1,900 40,100 2^0 6,800 1,030 500 179,500 700 1,500 3,100 3 """966 100 1% 25 5,600 Pressed Steel Car J% pf__100 Common » 15,700 • 264,800 Procter & Gamble Preferred 5% 2,050 100 22,200 Producers 8c Ref Corp 50 7% preferred 2,440 50 2,100 Pub Ser Corp of N J pf 8 % .100 Common... 645,828 ; ♦ 7%.. 2,200 .100 6% preferred 100 12,800 Preferred (5) 22,000 ......* 50,700 $5 preferred Certificates 17,900 1,010 24,600 99"206 ib',656 Radio 14,800 211,300 1091300 7% Prices- 8634 Jan. 8 28 18 Jan. Jan. 21 29 124 Mar. 10 1834 Feb. 8 9% 90 I 1% Sale 3% Sale Sale 35 98 X 17 Sale Sale 18 X 1834 May 31 2134 May 26 3X May 26 62 May 31 85 % May 26 2 May 14 3034 May 31 Sale 8524 Sale 2 Sale 30 X Sale 3134 Sale X M 3% 6 1% Sale X X 17 13 X 55 34 X X 3% 13 X 73 54 e\X Sale 1 Sale 67 3% a May 6 May 2 May 23 May 3 May 10 May 16 May 6 May 2 May 6 May 5 May 6, Jan. M Sale 15 Sale Sale 5 "834 May"20 Jan. 15 634 Jan. 15 2• 12<c Jan. 5534 Jan. 5 8 Mar. 21 Jan. 21 Mar. Mar. 5 Jan. 9 Jan. 90 Jan. May May May 134 May 334 May 35 Apr. 9834 May 17 May Jan. Jan. Apr. Jan. Feb. 1834 May 2134 May 334 May 62 May 8524 May 2 Apr. 1734 Mar. 4 26% May 31 May 6 May 76 May 97 May 254 May 33 May 28 34% May 12 May May May May May May 25 21 28 26 4 12 % May 10 5 May 3 3% May 12 4 >; May 17 24 May 6 34 May 3 34 Jan. 334 Apr. 13* May 2 Apr. 24 Apr. 24 May 34 May 23 234 May 2 5% May 12 2 May 2 24 May 7 2624 May 2 84 % May 2 134 May 2 24 May 13 5 May 6 1634 May 17 73 May 31 7134 May 6 37 4124 1034 0424 34 May 124 May 324 Apr. xl May 17 May 13 May 7634 May 134 Feb. 34 Apr. 324 Feb. 15 May 73 May 5034 Apr. 54 3% 134 2 % % 24 X Sale 1 % Sale 4X 6 1 5 34 Apr. 28 234 May 24 6 4 X May 12 154 May 31 434 May 4 xl May 9 17 May 31 13 May 31 76% May 21 134 May 2 34 May 7 3% May 31 15 May 26 73 May 31 5334 May 31 Sale 62 % May May 22% May Sale 22 3 2X May 26 334 5534 May 31 6734 4 5 May 5% 7 5 May 26 9 May 31 IS** 90 May 26 92 234 IX May 27 5 3 X May 19 35 May 16 38 5 100 9834 May 17 May 31 22 Sale 98 "8% May"20 16 834 Sale 3 4 20 8J4 May 224 May May 20 May 50 May Sale Sale 4 24 52 31 5 26 28 27 1034 May 10 3 34 May 20 5 May 9 3234 May 3 5234 May 13 13 8 15 7 16 4 16 19 Feb. 13 Mar. 7 Jan. 11 Mar. 5 Jan. 7 534 Jan. 11 109 33 May 28 34% May 12 Feb. 23 14 28 28 14 12 Jan. 15 18 1134 Jan. 14 434 Jan. 134 Jan. 13 134 Jan. 8 2 4 Jan. 8 Feb. 17 17 13 Feb. Feb. Mar. 26 8 Mar. 8 Jan. Mar. 5 Apr. 1 Jan. 2 Mar. 22 May 17 Feb. 25 Jan. 15 9 Jan. Jan. 7 Jan. 834 May 31 224 May 5 4 Apr. 5 25 May 27 50 May 27 7 Jan. 8 Mar. 10 Jan. 16 8 12* 5% 6X 6% 40 8 83% Sale Sale 37% Sale 3034 9134 5 Sale 107 117 100 78 May 23 i2o* | 10 Sale Sale Sale Sale Sale Sale 2% 22 3 20 2 7 6% 7 134 1434 34 124 134 IX 17% 7 May 16 134 May 2 14 May 17 2X 134 May 25 2 134 May 27 24 May 6 324 May 31 4 May 31 524 May 31 % 334 Sale 4 Sale 534 Sale 8 9934 109 May 13 9 May 10 134 May 5 1524 May 27 2 34 May 2 234 May 11 34 May 16 5 May 3 5 May 7 734 May 20 May May May May May May May May May May May 10 2 6 11 3 May 2 May 31 Jan. 2 Jan. 5 May 924 May 2324 May 3 May 1834 May 17 31 26 4 20 2 Apr. 12 10 May 27 24 Jan. 27 7 May 16 _ 1 Jan. 14 4 May 17 134 May 25 534 Feb. 20 934 Jan. 5 32 Feb. 10 Mar. Jan. Jan. 9 34 Jan. 734 Mar. 134 2234 3124 734 8 6 13 8 8 Jan. 7 Jan. 9 Mar. 18 Jan. 14 Jan. 4 24 134 1234 234 28 Feb. 40 40 10 16 Jan. 18 Feb. 15 Mar. 3 Mar. 8 Jan. 21 14 4% Jan. 534 Jan. 134 Jan. 15 324 May 31 4 Apr. 19 524 Apr. 12 9 14 26 11 25 224 Jan. 4224 Jan. 134 May 27 54 May 6 16 12 76 6534 May May Apr. May May May May May May May May May 13 1624 May 11 86 Jan. 115 May 26 9234 May 27 104 76 May 79 6534 May 91 Sale 88 15 May 26 32 1 May 25 1J4 2634 May 311 3134 9034 May 31 94 24 34 May 25 1 M ay 10' 524 105 May 3111334 3434 May 31' 4524 118 8434 7624 6 May 19 2434 May 2 3 4124 Sale 100 May 27 3 1% Sale Sale Sale 5 2 24 % IX 7 41 2 22 May 2 May 31 34 May 3 334 May 31 34 May 17 924 May 31 2324 May 26 3 May 4 1834 May 20 Sale X 334 34 9% 4 14 14 2 Sale 5 20 14 Sale Sale 434 4 113 80X 9534 18 May 14 24 May 4 534 May 20 24 May 7 17 May 12 2534 May 5 31 7 18 17 20 20 19 20 Sale 1% 124% 25 634 Mar. 8 524 May 19 41 Jan. 11 May 4 May 1334 May 8 May 434 May 524 May 25 May 5 IX 95 3% 6 4% 5 634 Sale 8 Sale 10 7% Sale 234 May 31 3% Apr. 25 10 Apr. 26 724 May 28 334 May 31 334 Mar. 23 25 May 20 3 234 May 31 4 May 18 10 May 4 724 May 28 334 May 31 5 May 17 25 May 20 2X Sale 3 8% 2534 9034 34 1 105 3434 9234 11 31 103 25 10 Jan. 734 Mar. 924 Mar. Jan. Jan. 14 8 8 14 14 14 15 124 Mar. 9 924 Mar. 30 31 13034 Mar. 5 60 Mar. 7 27 114 Mar. 10 31 10024 Mar. 11 31 87 Mar. 7 31 100 ..... Sale 9034 14% Sale 85 89 86 May 27 1134 May 26 1134 Sale 90 5 Feb. 334 Apr. 12 96 25 Mar. 9 Jan. 14 X Jan. 17 % Sale 2 ......50 Pure Oil 1,877,800 2% 2X % 5 18 25 .100 . 1,400 21,600 Sale 19* 50 Preferred. 3,220 249,600 Purity Bakeries 139,100 May 2 434 May 3 20^4 May 3 134 May 10 15 May 21 Sale 100 ... 267,860 Pullman Company 13,500 Punta Alegre Sugar May X May 26 2% May 24 2X 2% 55% Sale 3% 9 3% 5 59 9* iJ* 100 21,700 Porto Rlcan Am Tob cl A.100 Class B » 7,300 15,600 Postal Teleg 8c Cable pref.100 70,254 Prairie Oil 8c Gas 25 184,625 Prairie Pipe Line..........25 "7",600 33 iin ll* ..100 Pub Serv EI 8c Gas pref 11 Sale Sale gg g* 24 * 1,700 5% 20 93 Sale Sal* * "l',906 ~5% Sale 4 & % Sale 100 Pittston Co (The). Poor 8c Co class B 6,500 May 3 May 21 1 15 73 Highest. .Sale Prices 60 May 27 3 May 24 1624 May 31 24 Feb. ~ 15 Apr. 13 Jan. 1 100 % preferred % 2X X X 4 ._...* Pitts Term Coal 5* Sale X % 100 600 May 27 May 24 Prices 42 .... pref Sale 8 6,100 Pittsburgh United Pref conv 2,510 1,600 16% May 31 3 2 1% 2% Sale 6* 48 » Pittsburgh Screw 8c Bolt • 22 2% 100 Pittsburgh Coal (of Pa) 6% preferred 77 SaW 97 100 Pllsbury Flour Mills ll",400 Sale 1 3X Sale 25 16 16 .......25 Pirelli of Italy A 21 2624 Sale * Pierce Petroleum Steel 39 25 4 5 8% preferred Sale 38 107 125 Sale 109 Plerce-Arrow Mot C pref.. 100 Class A • Corp 98 11 80 900 60 3 ~~6% Sale 4K 6 10 50 Phoenix Hosiery...... 60 Preferred 680 Pittsburgh Sale Sale 5 2234 Lowest. Highest Lowest Sale Prices. Ask 15 100 Preferred 43,200 Philip Morris ftc Co 250,067 Phillips Petroleum 370 2% 1624 X 2% Sale 50 4,150 Pet Milk • 154,400 Petroleum Corp * 145,900 Phelps Dodge 25 6,600 Philadelphia Co pref 6%..50 Preferred (6) new.. 3,200 * Pierce Oil 60 4% 26 IX 2 100 226,100 People's Gas L 8c Coke...100 Rights 52,300 7,200 2,060 17,600 12,800 57,800 27,050 6,300 1,500 3,000 3,400 Sale 124 5534 * 7% preferred ..100 400 People's Drug Store Inc....* Preferred » 380 430 May 31. 4% 20X 1% ,4 _• 8c Coke Penn-Dixle 73 j Ask. Bid. 4 3 Preferred Penn Coal 1 22% • Patlno Mines 1,200 50 1 Pathe Excb 6,800 1,000 7,800 8,600 10 5,100 1,800 9,000 5,200 .. 23,200 Peerless Motor... 61,000 Penick 8c Ford.... 295,800 Penney (J C) Co 40 600 8% preferred 1,297,364 Paramount Publlx Corp....* ♦ 11,841 Park & Tilford 1 25,050 Park Utah Cons Mines 15,400 Parmelee Transport Co. * 31,200 56,900 18,700 26 15 2,700 Panhand Prod Be Ref__..__* 5,980 79,600 5% 23 m* ... 845 82 5 Bid. 3% new.. 48,000 Omnibus Corp » t c_. * Preferred A 100 2,400 3,500 Oppenheim Collins 8c Co___» 2,370 Orpheum Circuit Inc PreflOO * 179,100 Otis Elevator........... 6% preferred ..100' 1,140 * 33,300 Otis Steel Prior preferred..... 190 4,510 250 Ask. 81 (The) 22,000 Oliver Farm Equip Preferred A 7,500 385 Bid. * Nunnally Co 900 Outlet Co 470 May 2. 1932. 1. 70 RANGE SINCE JAN. 1. Price Jan. 1 Shares. 20 ■^ar PRICES IN MAY. STOCKS N. Y. STOCK EXCHANGE Since In EXCHANGE—STOCKS .....* Corp of Amer preferred ♦ 4% 55 12 % Sale 59 Sale 5% Sale 50 25 Sale » "A" Preferred B__ 10 Sale 434 54 Sale 55 7X Sale 3 24 54 Sale Sale 424 Sale 434 Sale 224 Sale Sale 1234 Sale 724 Sale 334 Sale 334 Sale 124 Sale 19 424 May 7 May 13 724 May 7 50 434 May 25 534 Jan. 15 6034 Jan. 14 1534 Mar. 7 424 May May 8 May 7 2 6 May 26 1234 May 31 324 May 31 1024 Feb. 19 3234 Jan. 12 1834 Jan. 14 3 34 May 2 124 May 27 324 May 31 5034 May 26 424 May 25 55 234 May 26 1234 May 31 3 24 May 31 19 • Jan. 5 Radio-Ketth-Orpbeum cl A.* Class A * new 2% 3 154 May 27 7 Jan. 14 Rights.. Rand Mines 3,800 7,200 660 "T 100 19",265 1,000 * 24,200 Raybestos-Manhattan 43,100 Real Silk Hosiery 10 Preferred.. ........100 1,610 500 Rels (Robt) 8c Co.... 70 283 6,900 49,300 2d preferred 100 Reo Motor Car ...10 Cert 13,m 2,300 1601644 Republic Steel Corp— Preferred 100 32,720 1,300 800 Class A 80 160 cov Copper 8c Brass ... • * ...100 "6",800 /<■ s^e 2% Sale it* 15 3 Sale 4% 9% Sale Sale 524 334 1034 34 634 Sale Sale 34 2 224 234 Sale 7 924 834 1234 124 Sale x4% 334 10 2* 2 Sale Sale Sale 2^ Sale x4% May 31 224 May 31 8 May 12 34 May 23 1 5 1234 124 Sale May 28 May 28 524 May 17 124 May 2 334 Sale 2 2 3 7 New... Sale May 27 834 Sale 324 524 3 5 2 Sale 524 May 27 * 5 7X 234 134 234 3 4 2 ♦ 25 33,238 Reynolds Metal Co.........* Reynolds Spring Co— "2", 900 Sale Sale 100 Preferred Revere 2% 634 May 20 424 May 6 May 6 34 May 23 12 234 May 7 May 834 May 124 May 2 3 4 5 434 Apr 234 Jan. 8 May 34 Apr. 124 Apr. 1 May 5 : May 534 May 1% Apr. ........ 30 8% Sale 18 3 23 10 2834 724 Sale 6 234 434 Sale Sale May 2 3 1534 May 18 6 May 26 2 34 May 2 May 27 5% May 27 2 May 2 234 May 3 334 May 7 9 May 6 2 May 2 4 May 26 18 May 12 834 May 7 15 6 Jan. 434 May 19 3 Feb. 28 Apr. 21 1124 Feb. 15 534 Mar. 12 16 Mar. 14 ,34 Jan. 12 4 Feb. 4 324 Jan. 14 1334 Mar. 24 12 Jan. 21 324 Jan. 8 634 Jan. 14 1524 Mar. 5 3% Jan. 29 6 Jan. 30 1834 Apr. 6 3 10 Mar. • * 4 3 34 May 3 No par value. 19 4 12 12 15 28 28 17 4 10 200 5,000 • 1st preferred ..........100 1,170 * 115,800 Rem'ton-Rand 1 st preferred. 100 2,520 11 \ 23 524 Jan. 14 STOCKS Since Price Jan. 2 Y. STOCK EXCHANGE N In Jan. 1. Shares. 200 35 % 473",800 132,200 66,700 327,000 3,260 8,871 17,300 27,100 1,338 1,600 312,800 2,300 849,698 4,600 1,600 11,200 76,900 540 1,450 2,600 3,100 250 640 58,500 300 198,100 100 700 '2,900 500 5,000 200 21,250 310 30,200 4,400 200 5,400 9,600 700 100 200 Sale 7 12 4% Sale 7% 10 100 63 % Preferred (7) 100 78% 75 Sale 5% Schuite —* Scott Paper 25 31 36 7 50 3 .. ... ......... . 5 100 Stores Retail 8% preferred.... • Seaboard OH Co of Del conv preferred.. Sale 1% Sale Sale Servel Inc......>........ * .-* * Sharp & Dohtne. Preferred Shattuck 3 28 .... (G Shell Transp & Trading... Shell Union Oil.... £2 100 Preferred Shubert Theatre . 10 Sirams Petroleum...... * Simmons Co Sinclair 3% F) Con Oil 8% preferred Corp . . ......100 Sou 25 Edison California 500 Spang Chalfant & Co 35 Preferred 170 Spear 8c Co. """180 -V 2,500 1,000 300 140,000 1,000 - Preferred 6,600 3,100 121,800 3,900 610,700 400 1,700 2,900 * 3,770,Studebaber Corp pref....100 140,481 Common ,_* 21,600 4,300 24,100 1,800 4,900 16,665 12,600 140 1,700 4,200 1,700 Sun Oil Preferred, — .--.100 Superheate Co (The) • Superior Oil Superior Steel 100 .. 50 2,400 Sweets Co of America * 1,600 Symington Class A • 9,900 • 16,500 Telautograph Corp Tennessee Corp * 22,000 25 610,379 Texas Corp (The).. • 323,100 Texas Gulf Sulphur 23,200 Texas Pacific Coal 8c OH.. 10 ' 129,400 Ter Pac Ld Tr Tern ctfs 400 300 200 2,400 6,400 113,057 45,300 5,200 23,200 5,800 3,400 8,790 11,600 4-,400 12,050 15,100 4,100 228,500 25,900 800 600 1,100 3,200 1,000 800 500 2,000 38,800 5,800 1,800 1,700 2,100 18,900 ■ , • Thatcher Mfg Convertible .... 14 % 2 (J Sale Sale % Sale 8 97% 31X Sale Sale Sale 7 1 XX 14% X 23 X X IX Sale IX 2 15% Sale 5 11 18 2% 19 Sale Sale .. I ..26 Sale 26% May 31 64 May 2 10 May 27 % May 5 1% May 28 5 May 19 1% May 28 40% 69 13% % 2% Sale Sale Sale Sale 6 X 45 Sale Sale 69 41 60 X 39 11 2X % 87 X 24 X 9% 28 % Sale aaie < 88X Sale i Sale i Sale j 6 ■% 2 X Sale 23 5X Sale Sale 10 X j i 89 85 11X Sale ' Sale 29 ..._" 75 12 X 4X 12 11 18% 7% 22% 4 8 X IX 83" 1% 17% 23 5% Apr. 11 36% May 31 60 May 26 72% May 31 1% May 31 % May 31 8 May 28 18 May 31 6% Apr. 12 1 Apr. 12 14 May 31 % May 25 23% May 28 10% Feb. 15 59% Mar. 5 60 May 26 72% May 31 IX May 31 % May 31 8 May 28 18 May 31 6% May 31 1 May 28 14 May 31 X May 25 23% May 28 % May 4 IX May 4 1% May 20 2 May 4 17 May 11 5 May 28 8% May 2 2% May 2 18 May 31 X May 23 3% May 2 3% May 31 3 May 28 May 4 4% May 11 8 May 31 May May May May 18 May 8 May 10 May 3% May 26 May % May 4% May 5 May 6 3 7 14 2 3 20 3 11 25 9 3 2 % 2% 2% 2% 6 19 2 6 5 10 11 23 20 3 3% May 9 18% May 24 4% May 11 9 May 4 31 31 16 27 28 8% May 20 39% May 4 6% May 23 90 May 9 25 May 7 1% May 28 May 26 45 May 26 2% May 5 9 May 3 53% May 19 5% 36% 4% 86% 17% May May May May May 26 72 25% Sale 72% Sale 12 Sale 28 74% 9 10% % % 2% Sale 5 8 % X Sale 11% 12% 2% Sale % 8 50 Sale Sale % Sale 2% 4 Sale May 28 15 1 18 2% 21% Sale 1% Sale 3% Sale % % 8% Sale 9% 13% 1% 2% Sale Sale Sale Sale 2% 23% 4% Sale 8 Jan. Apr. 4 27 Mar. Apr. Mar. May May Apr. May May 16 18 8 31 31 12 27 28 4 7% % 1% 5% 36% 4% 86% 17% 84 Jan. 8 Mar. 94 7% Feb. 15 1 13 4 Jan. 30 Jan. 5 42 Feb. 13 8 9% Mar. 2% Jan. 37% Jan. 1% Jan. 21 18 12 Jan. 2 % Jan. 5% Jan. 4 32 Jan. 5 13 14 Jan. 13 Jan. 18 Mar. 8 1 Mar. Mar. 9 7 31 Mar. % Jan. 14 5% 30% 12% 15% 4% Feb. 6 19 5 10% Mar. 7 7% Jan. Mar. 24 96 4% Mar. 8 Mar. 12 Feb. 17 6 14 Jan. 19 10 Jan. 11 4% Jan. 10% Feb. 11 Jan. 19 8% Jan. 14 1 63 16 Jan. 5 32% Feb. 19 93 10 Jan. 26 3 Feb. 26 5 12 Jan. 95 Jan. 12 9 Apr. 1% Apr. May 45 May 8% Mar. 1 9% 13% 1% 2% May May May May May May May May May May May May May May May May 9% Mar. 3 2 48% Jan. 3% Jan. 14 Apr. 26 Mar. May 4 Feb. 12 6 2 11 20 11 11 8 May May 5 Apr. 11 May % May 8% May 112 Jan. i8M 27 16 26 27 25 31 26 16 31 2% May 2 8% May 6 May 4 5 May 6 27% May 21 74% May 5 10 May 6 % May 5 3 May 4 5 4 May 7 May 16 May 16 May 2 May May May May May 2 3 24 6 19 4 17 12 6 12 10 12 % % 10 1% 11% 18% 2% 16 19 Feb. Mar. 22 3% Jan. Mar. 14 119% Jan. May 14 5 22 34% Mar. 8 41% Jan. 14 Jan. 15 61% Jan. 11 Jan. 4 75 2 % Jan. 13 9 91% Jan. 9 27% Mar. j?a Jan. Mar. Jan. Jan. 1* 75 6 Jan. 30 10 15 8% May 31 7 31 17% May May 7 *12% May 31 31 24 29% May 26 May 6 26 44 33 May 16 May 2 16 39 1 May 25 1% May 10 25 % Mar. 26 % May 4 4i 82 May 31 85 May 11 31! 16% May 31 31 20% May 10 7 Apr. 7 7% May 20 271 20 Apr. 22 16 26% May 4 3% May 25 May 25, May 21 May 211 May 26 May 26 14% May 31 31! 18% May 1 % May 26 5% May 26 May 25 2% May 28 25% May 4 72% May 26 8 May 26 % May 31 2% May 26 2 1% May 17% 27 9 4 5 2 11% 25 1 % 31 12% 31 6 115% 32 h y 8h 8 2% Feb. 12 40 1 2 1% % x 1% Sale 10% Sale 10 Sale 2X 4% Sale 22 X 2 2% Sale 5% Sale % May 4 1% May 4 1% May 20 2 Apr. 11 17 May 11 5 May 28 8 Apr. 21 2% Apr. 23 18 May 31 % Jan. 4 3% Apr. 8 3% May 31 4% Jan. 4 79 Feb. 6 Mar. 9 5 n* 30 3 4 12% Apr. 21 8% May 8% Sale zl2% Sale 312% May Sale 27 May 29% 30 33 25 May Sale 1 1 May IX a Sale X oJ/s May Sale 82 May 34% 82 16% May 16% Sale Sale Sale 7 May Sale 22% Sale 321% May Sale 4 3% May Sale 3% Sale % May Sale 1 May IX 2 14% May '14% Sale Sale 2% Sale x7% Sale 65% 80 4% Sale 9 14 6 Sale 16 22% Sale Sale Jan. 11 7 8 8 Jan. Mar. 18 6% Jan. 8 6% May 48 May 74 May 85% May 3 May 1% May 10% May 33 May 9% May 1% May 19 May X May 28 May May May n Sale 5 5 May 5 Sale 12 11 May 9% 11% 13 % May % Sale IX 2% 8% May 11 Sale 3% Sale May 115% 112 L12 116% 112 15 2 26 11 17% May 11 c 14 Jan. Jan. 2 May 105* 5 Prices Jan. 5% May 26 36% May 31 14 X 2% Sale Highest. Sale Prices May 11 66% May 14 10 May 27 % May 4 2% May 9 6 May 12 3% May 6 33 32 16 4% 27 2% Sale 11% 17 9% ,\x 2% 26 1 1% 11% Sale 10 9% 4 3% % 30 .. 100 • 2,700 Tidewater Oil.. 6% preferred 100 5,440 10 14,300 Timken-Detrolt Axle Co * 325,500 Tlmken Roller Bear 83,800 Tobacco Products Corp.....* Certificates of deposit * 27,100 Class A • 37,100 Class A certifs of deposit..* 10,300 * * 2,200 Fran 8c Williams Steel 174,500 Trl-Contlnental Corp......* Preferred * 31,800 • 22,900 Trlco Products 5,200 Truss Traer Coal..........* 10 8,000 Truscon Steel Co • 7,600 Ulen 8c Co 64,800 Underwood Elliott Fisher..* 1,523,300 Union Carbide 8c Car 31 2 27 5 28 19 28 18 Sale 1 77o preferred 11,300 Union Bag 8t Paper. Sale X X 3% Sale 3% Sale X Preferred............ 720 2% a Sale 2 Tidewater A«*oc Oil 788,200 Transamerlca Corp Sale 1% Sale 40 Thompson Starrett Preferred 6% W a 20 ; 4% 1% 4% IX R) Sale 8 X % 5% 36% 5% 86X 17X 93 8 Sale 65 72% Sale 8 1 9% Sale 40 X 48 Thompson Products No par vttliit* 37 3% Sale 25 X preferred Third Nat'l Investors... Sale Prices. 26% May 64 May 10 May % May IX May 5 May 1% May Sale 21 9 22 9 Mar. 6% Jan. 1% May 26 5% May 26 15% Mar. May 25 104% Mar. 13% Jan. 2% May 28 Mar. 24% Apr. 13 32 Mar. 70 Apr. 14 87 13% Jan. 8 May 26 Jan. 5 % Jan. 7% Feb. 2% May 26 32 2 May 27 % Mar. 31 % May 26 8% May 27 1 May 25 9% May 31 13% May 26 1% Apr. 12 2% May 31 5 2 23% Jan. 14 10 31 14 1 16 18 18 13 4 21 11 Jan. % Jan. 2 Jan. 19 Mar. Jan. Jan. Feb. Jan. Mar. 23 16 14 17 15 8 13% 2% 13% 26% 2% 6% 100 Thermoid Co Thompson 5% Sale 3 4% . Certificates (old).. 1,600 _ X Sale 6 Sale 17 X * 241,100|Stone 8t Webster 1,07$ 294,400, 6 Sale 15 20 6 • Preferred.. Highest. Sale Prices. 100 13 Sale Sale Sale Sale % Sale 5 ♦ 85,500 Stewart Warner Corp.....10 11,500 32,100 120 Sale Sale 7% 8% 2% 23 X X 3% Sale % y 4% 4y 7% Sale 4% Sale 63 o 18 * _ 9,000 1,400, 5 38 3 19 H Sale 3 2% Sale 9% Sale 5% 15 ...... 400 5,800. o *, A 428,100 Standard Gas 8c Elec $4 preferred 55,300 Preferred (7%) 8,900 Preferred (6%) 5,500 7,300 Stand Com'l Tobacco 6,300 Standard Investing Corp. 11,100 Standard OH Export pref. 100 546,000 Stand Oil of Calif 34,200 Standard OH of Kansas... .25 2,117,100 Standard Oil ef N J—... .25 » 2,300 Starrett Co (The L S) 27,800 Sterling Sec Corp cl A Preferred 14,400 .50 Conv l«*t preferred 31,300 101,500 11,100 2,500 1,400 1,000 700 400 2X * --* .10(1 • 3,900 Spiegel-May-Stern Co 740,700 Standard Brands..... 900 21,900 2,900 2% * 7% preferred 1,500 13,600 Spencer Kellogg 8c Sons 17,500 Splcer Mfg Co 2,000 20 % 1% 4% 1% 100 _ 29,600 Sparks Wlthlngton 3,100 9 X * ....100 4,100 Spalding Bros.. 1st preferred... 1,390 30 100 V. Sale 15 X 4% Seneca Copper Sharon Steel Hoop a 200 Southern Dairies class A—* Class B ♦ 800 1,000 31,900' 3% 32 152,400 300 65,600 Sale 33 ...1 $5 . 33,300 3% 2% Seagrave Corp (The) * Sears, Roebuck & Co.......* Second Nat Investors.......1 ... 510 46 Sale (6)..... ... 199,500 2,600 14,300 5% Sale Sale 70% Sale 85% 87 2% Sale \% Sale 10% Sale 33 Sale 7% Sale IX IX 17 X Sale % 1 27 35 Sale 42 Preferred Savage Arms Corp. 26% Sale 65 % Sale 14% Sale 14% Sale 14% Sale Lead Ask. 105 105 25 24,400 Skelly OH Co Preferred 100 9,200 1,600 Sloss-Sheffield Steel 8c If. 100 Preferred.... 100 2,220 * 13,600 Snider Packing... Preferred * 5,475 25 1,138,800 So cony Vacuum Corp 100 13,400 Solvay Am Corp pref * 68,800 So Porto Rico Sug 8% preferred 100 2,140 2,900 20 Sale i 2 Safeway Stores......... 12,300 254,100 3,200 23,700 3,300 123,950 2,264 154,710 41,200 6,900 100,100 103,900 531,700 4,800 25,900 Sale 10 Royal Dutch Co N Y shs_. St Joseph 32 Sale 69 . 2,200 17,900 1,100 5,200 Ask Sale 65 X Sale 10 20 % X 2X 2M 6 7, 3 Sale Bid. Ask. Bid. Par 10 985,600 Reynolds (RJ)Tob cl B Class A 10 6,609 2,700 Rhine Westphalia Rler Pt * 28,725 Richfield Oil Co of Calif * 60,600 Rio Grande Oil.. • 4,100 Rltter Dental Mfg 10 25,800 Rossla Insurance Royal Bak Powder 6% pf-100 Bid Loioest. Lowest. May 31. May 2. 1932. Shares. 409,900 3,559 RANGE SINCE JAN. 1. PRICES IN MAY. AGGREGATE SALES. May. 37 EXCHANGE-STOCKS N. Y. STOCK ...» 25 3 33 4 17 X 13 2% 27 X 2% Sale 24% Sale 10 Sale 4% Sale 18 7 9 32 36 2% 3 13% Sale 1 a 10 & Sale 9 Sale 3 Sale % 12% 2% 28% Sale Sale Sale Sale 9 5% 37 33 2% Sale 10% Sale 2% May 3 22% May 16 1 May 27 10 May 31 9 May 27 3 May 31 % May 19 12% May 25 2% May 2 24% May 4 5% May 27 May 4 2 % May 4 10% May 31 30 % May May 1% May 11% May 9% May 3% May % May 13% May 2% May 30% May 7% May 10 40 May 20 3 May 9 15% May 6 3% Sale §g 3g Sale* 3% 42 26% IX 6 2% 4 Sale 26% 2 Sale 2% 16 Sale 95 105 .* 6% * 30 X 8 Sale 2 Apr. 22% Apr. 1 Apr. 12 May 31 8% Feb. 9 3 May 31 % Apr. 9 12% May 25 2 Apr. 8 10 3% 3% 2% Sale 46% 50 22% Sale 1 1% 3% 4% X X 11% Sale 86% Sale 7% 9% 17% Sale 2% Sale 2% 4% 1% Sale 48% Sale 19% Sale % % 3 3% % Sale 9% Sale _ 84 6% 16 7 Sale 2% May 25! 3% 1% 46% 19% % 3% % 9% May 25 May 26 May 3 May 31 May 27 May May May 85 May 6% May 15% May 25, 4' 3V 271 5 31 3% May 6 3% May 25 2% May 7 54% May 12 22% May ~ May May May May May May 19% May 11 4% Jan. 16 29 Jan. 21 3 Jan. 12 16% Mar. 16% Mar. 10 Feb. 3 5 29 1 % 14% 3% 30% 9 Jan. Jan. 30 Feb. 13 May 12 5% May 27 *9 Mar. 18 9 41 Mar. 11 2% Apr. 25 10% May 31 2% Jan. 5 5 Jan. 6 23 Jan. 9 20 30 Fob. Feb. 2% Jan. 3% Sale 5 19 6% Jan. 6% Jan. 2% Jan. 2% Apr. 1% May 42 19 Jan. 3 il 9 Mar. 5 Mar. 4 Mar. 3 9% Mar. 6 5 4% 56% 31% 3% 6% May May Apr. 3 May 9 23% May 101 85 May 10% 6% May 15% May 31 36% Feb. Mar. Jan. Mar. Mar. 4 17 4 14 8 9 Jan. 14 Jan. 12 Jan. 13 7 Mar. Mar. 23 Jan. Mar. 20 7 38 n. y. stock AGGREGATE SALES In May. Jan. Shares PRICES IN MAY. stocks Price NY. STOCK EXCHANGE Since Jan. 1 1932. 1. 400 10,100 60 10 6,100 17,700 400 220,200 15,900 110 53,200 900 United 43,100 1,290 Biscuit of Am Preferred 3,000 350 7,000 2,500 5,835 30 United Business Publishers.* Preferred 50,500 United Electric Coal...... * 200,000 United Fruit 6,800 Universal Pipe 8c Rad Co..* 741",945 1,360 .* . .... ..... ............. — 12,600 United Piece Dye Works Preferred.. 1,290 130 1,000 65,500 3,100 3,200 1,200 6,400 13,100 7,200 11,100 3,300 660,700 58,300 5,500 800 """40 5,300 1,500 4,200 450 20 3,100 13,800 41,400 400 1,400 2,700 440 1,500 650 100 "17",700 3,600 100 200 "4",900 2,200 1,300 200 9,600 1,000 400 2,100 3,600 2,800 438,500 6,300 2,100 28,200 • 8 75 % 1 Preferred 270 125,300 100 100 Waldorf System 500 Walgreen 14,900 4,300 21,600 19,800 100 Detlnning 7% preferred Walworth Ward • preferred 100 Co .... * Baking class A.......* Class B 1—* preferred..—..—J.100 7% 447,500 Warner Bros Pictures * 3,130 Preferred................* 7,000 Warner-Quinlan • * 44,700 Warren Bros Convertible preferred 1,610 • 12,400 Warren Fdry 8c Pipe • 34,210 Webster Eisenlohr * 210 Preferred ...100 980 West Penn El Co "A" West Penn • 100 (6) 100 Pow pref 7%..100 6% preferred 100 8,000 Western Dairy Prod A 26,800 Class B v t c.—_.._.—_...* 597,ooo Western Union Teleg....100 81,300 Westlnghouse Air Brake * 2,588,000 Westinghouse EI 8c Mfg 50 3,010 7% 1st preferred 50 11,700 1,100 12,600 Weston ■ El Instr.. ...» Class A..... 5** Sale 3** 3** Sale 40 Sale Sale 60 * 600 Wheeling Steel Corp * 510 Preferred...... .....100 46,100 White Motor 50 10,800 White Rk M Spr ctfs • 22,200 3,600 53,600 1,600 White Sewing Mach Preferred 160",200 ..* Corp class A...* iH Willys-Overland 5 .... preferred "A" 6% preferred B__ 850 Wright Aeronautic... 83,800 Wrigley 100 * 100 ib ..... 25 k 67 175,300 Zonlte Products Corp N# par value 10 Sale 33 Sale 25 k 68 Sale ft 20** Sale 5K Sale IK 13 16k 5k 2k 23 k 24** 4 26 % 3k Sale 30° 75 77 6 15 55 12 Sale 69 66 68** 11 80 10K 70 80 ik ik 4k Sale 1 Sale 20 k Sale 2 ** ik 5 5 Sale 10** ik 4k Sale 1 k Sale 15 ik K 1 Sale 50 58** Sale 63 k 67 52 98 88 . 55 101 Sale 47 7 . 40k 51 44 W* 83 : Sale 45 Sale 98** 8k 2k Sale 24 k 11 Sale p 63 21K 66 K 6K 10 K 5 Sale 8** 4k 29** 10K 13 k 8*| 31** 36** 8% Sale 22 1 ik 2k 16 K Sale Sale 1** 3** 20 5k 5 2% 62 64 8 62 K ly* 12* k ik 2k 7k k 20k — 9k 27 24 23 31 31 17 3 28 26 46 4 19 May May k May ii 2 3 17*1 k K 2K 15 ik 12 1 2k 20** 34 k 8k l7k May 84 k May Sale 2 May 4 ik May 2 43 k May 10 17 k May 4 80 6 May 33 3 May 6 10k May 13 k May 12 Sale Sale Sale 6k 16 k Sale 13 Sale Sale 10 1 Sale 4 8k k k Sale 5 23 k May 27 27 May 7 3 6 14 35k W* 79 6ok 120 37 3 May 5k May k May 4 1 May 20 23 k May 11 4 May 7 61 May 31 6 May 19 36 May 21 9k May 26 15 May 6 4K May 70 11 15 Jan. Mar. 7 Mar. 15 Jan. 5 Mar. 23 9 2 11 Jan. 6 May 93* Jan. 21 K May Jan. 28 27 Jan. Mar. 9 Jan. 11 May 71K May 24 May 8 May 12K Apr. 3K Jan . 7 90 Mar. 21 50 Jan. 27 15K Jan. 21 3 15K Feb. 3K Jan. 27 66 May 4 6K May 18 79 6 62 2k k 12 3 k Sale 15k 3k Sale 60 May May May May May May May 16 31 31 28 14 7 31 % May 31 5 May k May ik May 4 May 7k May k May 26 k May §k 46 25 30 k 29 5 ik 14 May 7 May 19 9k 18 H 55 k May May May May May May May May May May May May May 25 26 28 26 13 4 26 26 17 27 31 27 28 31 31 31 16 26 28 31 3k May 31 13 k May 3 3k May 31 6 May 7 11 May 3 May 16 IK May 4 4K May 2 70 1 May 20 K May 2 2 -3% Sale | 1X 3k Sale 14 k 19k Sale 30 Sale Sale Sale Sale Sale sate* 15 14 Sale 17 k 3k 9m 5 10 6k Sale Sale 7 15 k k 2k 14** 19k k Sale 6 9 k k ik Sale 12 k Sale 23 k Sale 5 Sale 16 3k Sale 7 26 k Sale 7 k Sale Sale ik 16 Sale 3 3k 5k 7 K 2K 6K 8** K 29** Sale 36 4K May 13 K May 6 May May 27 May 26 May 10 May 3 May 4 May 31 6 May 5 3 9 7 8K May 10 May 3 K May 2 K May 26 3K May 6 15 K May 28 10 1 ik May 31 12 k May 31 16k May 17 May 27 6k May 7 26k May 31 12 7k May ik May 10 May 3k May 4 May 31 31 17 26 25 5 May 25 46 2K 20K 35 10K 18 17 6K 37 K May 16 May 2 May 2 May 2 May 7 May 6 May 6 May 19 May 7 May 3 9 9 8 Feb. 19 Feb. 19 Apr. 27 Mar. 11 Feb. 4 18K Feb. 7 14 12 26 31 19 26 16 31 31 8 14 7 31 May 26 May 13 May Jan. Jan. 22 Apr. 19 Feb. Jan. 24 1 May 39K Jan. 6K May 88K Jan. 20 35 7 30 71 19 72 3 22 14 18 22 Apr. 15 Mar. 29** Jan. 1 12 Mar. 16 Jan. 2 Apr. 22 Jan. 14 10K Jan. 13 2K Jan. 14 40K Mar. 16 J* 20 Jan. Feb. IK Jan. 7 Feb. 17K Jan. 14 2h _ Feb. Jan. May 13 1 11 19 14 3 18 4 Jan. 22 Jan. 14 Jan May 17 May 27 70 Mar. 14 76 Jan. 6 11 29 Jan. 12 27 70 Mar. 17 28 110 31 101K Mar. 28 31 16K Mar. 3 31 Mar. 4 J** Feb. 19 16 50 8 17 K Feb. 13 35 K Feb. 19 31 55K May 31 72 H Jan. 20 May May May 5 May IK May 17 K May 9K Apr. 18 K May 91 80 2K Apr. 8 8 3K May 31 6 Apr. 8 29K Feb. 26 7 May 27 15 Apr. 26 K Apr, 8 K Apr. 8 2K May 4 14 K May 31 13 K Apr. 7 K May 26 Apr. 13 K IK 12 K 23 K Jan. May May May 5 May 16K May 12 May 3** Apr. 26 K May 11 31 31 31 31 17 27 8 31 9K Feb. 19 19 Jan. 19 12K Mar. 6K Apr. 31K Jan. 12 1 3 Jan. 13 25 Jan. 26 IK 4K 31 45K Mar. 14 Mar. 9 Mar. 10 Mar. 8 23 K Feb. 19 41 Jan. 15 30K Jan. 8K Jan. Jan. 11 14 18 10 K Jan. 5 Jan. 18 14 57 24 K May 14 May 4 "~"k May"l7 2 May 25 Jan. IK Feb. 5K Mar. 20 K Mar. 17 7K May 31 IK May 31 12 May 17 3K May 26 4 May 25 5 Mar. 28K Mar. May 4 2K May 7 17 May 6 4 May 12 8 K May 3 7 9 30 K May31 25 "lK May"2 k May 26 May 26 23 k May 31 5 May 31 7K K 20K ** 9K Mar. Mar. 14 10K Jan. 14 % May 18 20 Jan. 9 May 25 K May 26 IK May 28 4 5 1 Feb. 19 Mar. 9 Mar. 9 66 130 Mar. 17 9K May 62 May 7K May 62 K May K Apr. 2 K May K May 12 May Mar. Apr. 1B* IK May K Mar. 14 May 5K May 2K Apr. 23 K May 6 Mar. 11 Jan. 14 Mar. 59 K Mar. Apr. 3K Feb. 61 May 23 Feb. 15 Mar. Feb. 20 Jan. 8K Feb. 13 5K Jan. 14 11K Mar. 9 May May May May May May May Jan. 5 19 h May 13 7 May May K May 31 May May May May May May May 10K May 47*| May 41 May 6 53 % May 12 48 May 16 99 May 5 85 May 8K May 23* May 25K May 11*! May 25K May 11 66 K May 2 ""** ~"K """** May" 17 5 2** 2K 3K 10** 33 K 25 K 65 K 56 K 119K IK May 6 12 8K 20 Sale 1 K Jan. "nH May 3K May 51K :•>' 8 V * 3K May 13 May 25K 95 104 May 4 K Apr. 13** May 31K IK May 3K 3K May 24 7K 55 Apr. 14 65 20 17 k Sale Sale 9k Sale 18 k Sale 55** Sale 11 Sale" 7k Sale Jan. 8 Mar. 10 1*! 14 Sale 4k 37k Sale t78K May 31 29 K 17k 8K ik 15 12 k Mar. 23 J an. 25 Mar. 8 Jan. 11 ft • 7k May 75 10 10 17 7 6 2 5 31 2 18 7 6 5 51** 15 7 4 Mar. 94 May May May May May May May May May May May May May May 17 k 7k 50** Sale 17 16 21K Mar. 17 May May May May May May May May 120 May 37 May ik May k May 91 12 k 9k 2 Feb. Feb. Jan. "6 HI** May"31 101 2k 2k 3** 10 k 33 k 25** 65 k 56 k 80 10 8 55 89 18 2 Jan. B 13 4** May May May 2 May 24 20 May 2 2 May 20 4k May 3 60 k May 19 May May May May May Sale 20 6k 38k 13 ik 13 k ik 3** 81 16 Sale 24 Prices. Jan. 7 7 2k May May 7k 29 86** 13 k 3** 15 k . 31 13** 4 28 16 13 46 28 6K 31 28 K 25 103 4 13 31 14 5 21 20 31 10K 31 22 8 33K 27 5K 31 30K Mar. Feb. 37 k May May 62 k 1 38 k 45 8 j* 13 95 Sale Sale 25 41 20 Sale Sale ik May May 3k May 29 Sale Sale 30** Sale 25 1 4k May May k May 30 May 11 May 71k May 24 May 7k May 12 k May k Sale 4 100 * 11k May 6 May 2 4** May 16 20 k May 2 95 May 5 1 May 13 9k May 9 k May 2 3 May 24 6k May 6 31k May 7 ik May 24 8K May May 6K May 30 K May 3K May 12 May 88 K May 1 May 7 May K Apr. 2 3* May 3K May 24 May K Apr. 22 Apr. 2K May 12 May K Apr. 12 42 ** 55 Sale 25 7K 18 2% Sale 16 20 K VA 7 16" 10 Sale Sale 12** Sale 3 3** 38** Sale 13k 13 ** Sale W Sale 3:61 Sale % H 2k Sale 10 5k 10 8K K 29k Sale k 16'" 10k c, 14 k 48 k 6k 27 k 34 k 15 50 Sale 2% Sale 7 9k ik Sale 31k 41 _ Sale c 100 ...* May 31 ** May 3 70 Sale 36 5 20 K Sale Sale 19** 1SH Sale 13k Sale 56** Sale 37 30 70 13 Sale Sale Sale 25 >A ik Sale Sale 3k 65 2 15 40 k 17 k 32 10 100 (Wm) Jr...........* (Blue) certificates Zenith Radio Corp 2 Sale 102 4 Sale 16* 35 36 115 100" 2** 2 12,088 Yale at Towns 25 87,900 Yel Trk 8c C'ch class B...10 1,090 7% preferred 100 6,900 Young Spring & Wire _...__* 12,400 Youngst'n Sh 8c Tube "6",200 Sale 28** Sale z76k Sale 60k Sale 37 ..* 3,600 7% preferred....... 16,600 Wilson 8c Co 21,500 "A".... Preferred 13,500 1,746,300 Woolworth (F W) 164,100 Worthlngton P 8c M 7% * • Wilcox Oil 8t Gas Wilcox-Rich A* Sale 120 20 Westvaco Chlorine Prod ik ik 3k 58 7 .... 500 Wells Fargo & Co 1 56,600 Wesson OH 8c Snowdrift • 11,700 $4 conv preferred _.._* May 27 May 31 x78H May 31 3** Sale 13 92 13 k Sale 83 k 5 Vulcan 30k Sale Sale 1,810 Virginia Klec Ac Power 6% pf* 30 Virginia Iron, Coal & CokelOO 31 2 hlk ik Sale 1** Sale 4k Sale 55 k 60 3k 11,300 110 20 ,—* 100 7k Sale 12K 12 1** Sale .100 ... 21 31 6 18 Sale 15 16m 100 . 2,900 ""800 4k 65 2 95 305,000 Vanadium Corp of America.* 30 Van Raalte Co..——.......* 210 7% 1st preferred.......100 13,100 Va-Caro Chem....... 7,900 7% prior pref 9,100 6% preferred. 20 5 ■ Preferred.. 13 31 10 k May 13 k May Highest. Prices 1 2 Sale Sale 4k Sale 4 • 3,850 320 Sale 15 K 2k 37 k 486 Preferred..............100 390 Utah Copper... ......10 247,800 Utilities P 8c I. "A" 37,860 Vad8co Sales Corp.. 31 4 28 13 28 31 25 Sale Price* •f 84,300 U S Realty k Impt..—.——* * 96,500 U S Rubber 37,700 8% 1st preferred 100 83,800 U S Smelt Ref 8c Mg 50 Preferred -50 13,200 100 6,930,810 United States Steel 214,400 7% preferred.. 100 10,100 U S Tobacco... * 10 1,000 1,400 Sale x78H k 5 ... 600 2,300 16,600 9k Sale 12% Sale .... 950 8,300 90 1** Sale 38** Sale 100 Class B 40,606 1 7m Sale 1,666 U S Express..............100 29,800 U S Foreign Securities Corp.* Preferred * 9,100 7,700 U S Freight * 42,100 U S Gypsum Co. 20 230 7% preferred..........100 * 6,100 U S Hoffman Mach * 552,134 US Indus Alchol * 20,700 U S Leathery t c Class At t c—....... ...--* 21,530 Prior preferred etc 3,300 100 Preferred 2,000 Sale 75 . . 7% preferred... 1,100 Sale k Sale 1,900 3,950 2,310 890 16 H 27 4,530 3,700 104,200 14,700 360,600 H 29 . 2*| 12 Sale 10 10 84 87 k Sale 8k May May 6k May 30 k May 3** May 12 May 88k May 1 May 7 May k May 2k May 3k May 24 May k May 12 Lowest Highest Sale Prices. Sale 24 180. 690 "i8*i 3 12 3** Sale 4** ... 820 690 H 01K 30 30 2,700 Universal Plct 1st ref—10ft 131,400 U S Pipe & Foundry.... 20 1st preferred 10,600 * 800 U S Distrlb Corp * 570 800 Sale Sale Sale Sale 72 300 800 rA 30 13 62 130 1,100 5k 2h 2 T/s 90 . Preferred 70 5,900 10 Sale Sale 17 " 2,760 Sale 80 10 22,900 Sale 9K * _ Leaf Tobacco Universal 430 150 23,100 16,360 1 4 100 11,735 . Preferred 2,600 5,000 1,600 6,100 90 i 100 ......... Preferred ...-. Sale Sale Sale ll* 22 - 3** 12 60 Sale 39,300 United Stores A——* 84,560 6** 6k 100 United Gas & Impt Co......* Preferred * United Paperboard Co...I00 18,000 Sale Sale 35 Sale 30 p 33* Sale 105 2*1 8K Sale Sale 1 16 Ask 8% Sale 8** 100 . Sale RANGE SINCE JAN. 1. Lowest. 31. Sale 95 48,526 United Carbon 111,250 United Cigar Stores 1 4,100 6% preferred 100 1,676,745 United Corp........... * Preferred.. 109,600 800 United Dyewood......... 100 90 12,200 2,700 * 100 ... Ma y 2. Ask. Bid 10J* 12** 10?* 42** 4 ** 20** ....... Preferred i 174,600 5,800 Bid 92,200 Union Oil, California——.25 38,100 Union Tank Car 1,685,900 United Aircraft & Tr Corp..* Preferred 50 32,000 3,000 United American Bosch Corp* 1,230 "¥,666 Ma y Par Shares. 22,400 4,600 191,400 11,800 exchange-stocks Jan. 9K Mar. 17 K Feb. Jan. 9K Mar. 12 8 17 22 8 New York Curb AND YEARLY RECORD MONTHLY NEW YORK CURB EXCHANGE RANGE OF PRICES ON Stock Sales. Jan. 1 to I 1931. 1932. 3,251,890 55,021,235 Shares May 31 Bond Sales. In May. Jan. 347,939,000 May 31_ $87,804,000 420,068,000 RANGE SINCE JAN. 1. PRICES IN MAY. Price NEW TORE CURB EXCHANGE Since Shares. $64,924,000 Jan. 1 to AGGBEOATE SALES. Jan. 2 May 2. 1932. 1. INDUSTRIAL Shares. Par. AND Ask. Bid. Bid. Lowest. May 31. Ask. Bid. Ask. Lowest. Highest. Sale Sale Prices. 2,700 Acetol Products. Inc. A__.. 550 Acme Steel "50 common Acme Wire Co 2,600 v 175 Adams Millls 7% 1st pf 900 * 25 100 355 8,600 Agfa Ansco Corp com * ... Preferred 1,800 Air Investors Inc com v t c_. * Convertible preference 2,100 * 400 . .. Warrants 400 125 Ala Gt Sou RR ordinary...50 330 Preference 50 3.900 Alexander Industries. 90 1,100 1.500 All America General Corp.20 700 Alliance Investment com...* 400 Allied Int Inv S3 conv pref..* 100 3,300 18,800 Allied Mills Inc 300 Allied Motor Indus com 89,060 Aluminum Co common Preferred 12,750 100 6,600 2,150 SX 6 6 1 SX Sale 4X May 13 8X May 31 4X May 13 May 19 10 • Sale 67 2 1 12 J 3] X 2X 15 "X ~~2X May 31 3 May 18 X May 24 67 X May 26 May 12 May 12 67 3X May 17 X May 24 1 Sale "Tx 1 "l'X T X "x 5* 3* Tx ""8" "4X "6" 31« 2X X 2X X X 2 5 lo'X Sale" 4X X X X 8X 8 Sale 3X X X 12 X 8X 7 Sale .loo May 5 2X May 26 3i 10 8 6 May 31 X May 3 May 25 3 34 X Sale May 27 X May 9 22 May 28 34 i May 16 11 Sale 11 3X 2X * .* Jan. 5 4X May 13 8X May 31 8 Apr. 2 100 3,200 Alnsworth Mfg Corp com...* 100 6" 100 1,300 Aero Supply Mfg class A....* Class B —* 1,400 100 Aero Underwriters Corp • 575 29 25 t c Highest Sale Sale Prices. Prices. MISCELLANEOUS 300 Abbott Laboratories com-..4' 100 75 1931. 1932. May__ 8,117,288 21,680,144 May........ Exchange 51X Sale 64 02X 25X Sale" 36 X Sale 22" Sale" 18 8 3 5X X 2% X 23 X May 2X May 3i May 31 May 18 X May 24 3 12X Feb. 1 May 12 8 41 Apr. 67 6 May 9 X May 3 May 25 3X X 28 X 40X May May May May 2 9 7 6 11 May 31 7 Jan. Jan. 26 May 26 8 Feb. 9 Feb. 10 May 31 1-32 Jan, 8 Apr. 2% Mar. 5 Apr. 2X Apr. X May 22 May 34 May Prices. 30X Feb. 18 6% Jan. 23 16 Jan. 9 3X Feb. 3 81 Jan. 14 5X 2X 12X 3X Jan. Feb. Feb. Jan. 12 13 3 2 45 Jan. 6X X 4 X X 25X 40 27 Jan. 15 Feb. 2 Jan. 14 Feb. 8 Feb. 5 Mar. 4 Feb. Jan. 8 11 3X Jan. 30 14 7 21 8 14 9 28 16 1-16 9 8 Jan. 4X X 61X 67 X 19 Jan. Jan. Jan. Jan. 6 18 16 19 Feb. 19 285 Series B warrants....... IX Feb. 9 Feb. 17 57 100 Series C warrants....... 3 Feb. 9 Mar. Series D IX Apr. 28 8X May 23 7X Apr. 14 4 19 5 Jan. 8 Jan. 4,300 269 Aluminum Ltd ""255 200 Amer Beverage Corp.. 900 5,000 1,100 3,500 1,200 3,100 967 ""355, 800 2,300 150 Amer Capital Corp 736 a1^ 5X X 500 25 ""355 9,700 350 3,900 7,300 1,850 900 * 725 Common class B IX ■X $3 preferred 8X May 23 9X May 2 10 X 3i 3i X 5 116 5 IX 31« be Sale "~x "x "ix * ...... X 6 3i« May 26 '31X Sale" $5.50 prior preferred..... Cigar Co. com..100 Preferred 2X May 31 May 13 May 31 May 11 X May 17 2X May 26 31. May 26 X May 17 3X May 27 45X May 17 ..........100 Meter Co.. * 500 Amer Phenix Corp 4 Sale 3 X X 20 20 4 2X Sale X Sale 2X X Sale X 25 7 common 2X Jan. 3f* 2X May 31 X May 2 4 May 17 2X May X May May 17 4 a Sale "3X Sale' X Sale 15 17 10 IVs X 2X Sale "ix Sale" IX Sale; X Sale Sale J* 9 11* IX Sale a 20 8 9 12 9 15 46 32 5X 45 20 45 60 45 60 IX May X May 14 May IX May X May 8X May 10 May 9 May 45 May 31 5 3 31 4 26 20 6 19 IX May 18 X May 2 14 X May 27j IX May 2 sm May 41 11 May II1 11X May 6 9X May 3 45 May 19 2X Sale * 2 ~May 20 May 18 3 May 17 2~X May 2 May 18 2 7 8 Feb. Feb. Feb. 26 25 16 2 5 9 Mar. 5 Mar. 3 Mir. 21 Mar. 1 Jan. Jan. 5 Jan. Mar. 6 Apr. 2X May 31 X Jan. 14 May 17 Mar. 10 IX May Apr. Apr. IX May u/s Mir. 10 Mar. 9 31 Jan. 12 26 322; 311 Jan. 18 Jan. 11 2X May 20 IX Jan. 27 2 2 6 Mar. 11 Mar. 11 Jan. *A Jan. Jan. Jan. Jan. Mar. 17 r2 12 Mai. 21 3% 8 X Feb. 8X May 26 9 Apr. 15 5X Jan. 29 42 X Feb. 13 5 May 17 2^ 20 Mar. 29 12 4 22 Apr. 12 l-ll 13 19 8 Apr. May 26 May 26 Jan. 22 3 Jan. Jan. 22 Jan. 20 IX X * 300 Amer Transformer X May 25 X May 25 Saie Mar. 1-16 May 13 7 X Jan. X Jan. 29 100 X Jan. Jan. Apr. 27 100 100 Preferred.'. Feb. May 26 American 50 1,300 Amer Salamandra Corp 2,900 Amer Thread preferred.... .5 100 9X May 31 11 8 * 425 American 200 9 9 X Sale * Corp. * cl A* 26,600 Amer Investors com cl B...* Warrants 17,000 20 4,245 Amer Laund Mach com Amer Maize Products com.. 2,500 2,150 Amer Mfg Co common 100 50 Sale com Common class B 20 144,850 3,000 Amer l>ept Stores Corp.....* 365 7% 1st pref series A .100 100 Amer El Secur partic pref..20 * 13,400 American Equities com * 76,000 Amer Founders Corp... .25 680 American Hardware.. 16,400 *855 9X 12.400 American Corp common * Warrants 300 1,600 Amer Cyanamid com cl A...* 100 100 Amer British & Contr 11X 1054 * 300 Amer Bakeries cl A stock ""155 May 31 warrants 21,700 Aluminum Goods Mfg..... 100 400 American Arch Co 4,100 Amer Austin Car Com 11,600 25 15 6 7 May 17 3 7 3 Mar. 16 Jan. 4 3 Mar. 11 Amer Utilities & Gen Corp- 1,000 "056 Class B v t c * 50,700 6,800 American Yvette Co com—• 400 Amsterdam Trading Am shs.. 4,100 Anchor Post Fence * com X Sale 13-16 Sale 200 2.100 600 X IX X Tx "Tx X X 2,200 Art Metal Works com..* Sale • * com X May 2 IK May" 4 X May 24 X 10 IX 4 2 'I"" XX X X 200 Apponaug Co common 3,800 Arcturus Radio Tube 7,630 Armstrong Cork com 1-16 Mar. 21 X »16 X Sale X May 24 7 1 Anglo-Chile Nitrate Corp Ex stock distribution 8,100 100 Animal Trap Co of Am com..* 200 li« 2% 4X X 19 X May 26 29 2X 4X Sale 1X May 3 May 17 IX May 16 May 13 IX May 3 4X May 10 2 May 2 2X May 11 19"; "29" IX 3X May" 19 1 3 3 Mar. 29 1 Feb. 25 X 3^ 19^ 1X Mor. 14 Mar. 5 May 26 Jan. 21 3 May 17 IX May 16 X Jan. 2 IX Feb. 26 7 Mar. 29 IX Jan. 7 X Jan. 9 3X Mar. 5 May 13 3X Mar. 8 29 9 Jan. 8 2X Apr. 15 Associated Elec Industries- 4,900 100 ""155 ""455 100 900 76,600 5,200 1,500 2,600 American deposit rects..±'l 1,000 Associated Laundries com. .* 1,200 Associated Rayon Corp com.* * 2,500 Atlantic Coast Fisheries 27.200 1,200 Atlantic Fruit & Sugar 3,200 Atlantic Securities com 300 $3 pref with warr 2,200 529,400 14,700 2X 3X 2X X May "X "Tx IX 2X X a2 * 20X IX 4X 32 X IX * com $3 preferred A IX 4% 2 Sale * Warrants '... 22,300 2,600 Auto Voting Machine new..* 100 204 1.079 Babcock 5r Wilcox Co IX 5X 34 IX Sale IX 2 Sale Sale IX 2 1 4X Sale Sale IX Stile 32 X IX Conv prior partic new 1,500 * 1,600 Aviation Securities Corp 1.400 Aviation Secur of New Eng.* ""355 .100 100 Bancomit Corp common Baumann 1,400 4,800 300 1,100 Bickford's Inc 400 1,100 For footnotes see page May 10 X May 4 7X May 26 May' 9 May 5 May 31 May 31 May 28 May 24 X May 24 6X May 19 2X May 5 2X May 20% May IX May 5X May 35 May IX May 12 2X May 16 8 May 19 2X May 5 2X May 11 25 X Apr. 21 X May 24 5-16 Jan. 1-16 Jan. 2 Apr. 16X IX 4X 32 X IX IX 2X 6X IX Apr. Apr. Jan. May May May Apr. May Mar. 5 2 7 19 4 31 28 24 26 19 10 Mar. 3 X Jan. 25 IX Feb. 13 IX Mar. 15 4 1-16 Jan. 5 3X Jan. 15 9 2X Feb. 16 7X Mar. 9 20 X May 36 2 Mar. 26 Mar. 9 2X May 16 2J4<Mar. 15 9 Mar. 7 2X Mar. 21 32 X May 12 n35 45 14 May 25 14 32 X May 12 14 Apr. 25 45 Mar. 14 Apr. 25 18 40 * 40 Mar. 4 Feb. 25 Jan. 14 4 (Ludwig) & Co— Conv 7% 1st pref 110 7,500 Bellauca Aircraft vtc 19,800 Benef Indus Loan com; *2 5ft 4 "~X May"24 1 * ..* Corp 3X ..... * Atlas Plywood Atlas Utilities 3X .... cum com conv pref ..100 * 1 IX * __.* * ~8X "10X 23 24X X 8X Sale Sale X IX Sale X ivxay May 2 8X May 28 6 May 17 19 X May 17 X May 2 9X May 6 6 May 17 19 X May 17 Apr. 11 X May 2 8X May 28 6 May 17 19X May 17 1] 111 10 24 Jan. Jan. 8 14 53 / NEW 40 YORK EXCHANGE CURB NEW YORK. Jan. May. Shares. "400 10,200 24,700 1,500 Price CURB EXCHANGE Since In RANGE SINCE JAN. 1. PRICES IN MAY. AGGREGATE SALES Jan. 2 1932. 1. INDUS. & MISC. (Cow.) Par Shares. 200 Blauner s common * 5,100 Bllsa (B W) ft Co common » 60,187 Blue Ridge Corp com.. Opt 6% Conv pref 50 85,087 • 3,200 Blumenthal (S) flc Co com 125 Bohack (H C) 7% 1st pref 100 Bid. 7 3 Bid. 32 1 Sale 3 Lowest. Highest. Sale Prices Sale 20 Sale 3X X Sale 1734 Sale IX 5 IX X 1734 134 May May May May 23 31 31 18 ' 2 May 34 May 2034 May 234 May 2 2 99 234 Sale 134 34 1734 134 64 Highest. Prices Feb. x9 16 2 Sale 10 89 Ask. Bid. 16 1 1% Sale 18 34 Ask. 534 4 Lowest. Sale Prices. May 31. May 2. Ask. Sale 15 May 23 May 31 Jan. 6 May 18 Apr. 27 x9 Prices. Feb. 434 Feb. 234 Mar. 15 3 3 27 Mar. 6 86 Jan. Feb. 11 13 9 59 Jan. 15 Boston & Maine RR— 20 Prior 25 33 Apr. 21 Apr. 2 134 May 31 534 Apr. 14 Preferred stamped preferred 100 2,400 Bourjois Inc 1,400 9 „* ... 100 Bower Roller Bearing 434 5 34 3X IX 4 134 May 31 Sale 334 May 17 * . 9 Apr. 2 434 Jan. 7 534 Apr. 14 Bowman-Bilt Hotels— 300 1st preferred 1,300 Bridgeport Machine com....* * 2,500 Brill Corp class A 300 1,000 Class B 800 2.800 Brlllo Mfg Co 100 1,100 300 300 1,800 900 12,600 5,300 300 9,700 100 Amer Class A conf pref 800 con pf* 200 X May 26 Apr. May Jan. May 18 May 1234 Jan. 1234 Feb. 34 X 34 434 34 May 27 134 May 6 34 May 17 554 May 14 2034 May 23 1334 May 18 1334 May 13 134 May 17 May May May May 18 May 1334 May 12 X May IX 54 854 1% 7X X IX 11 20 6% pref with warrants..50 2 12' X 2 9 14 4 31 4 26 24 4 10 18,500 Cable Radio Tube y 654 May 25 20 X May 13 800 Carrier Corp 30 ih x IX Sale IX IX m x com ttc.* 10 Jan. 14 2 134 Feb. 13 134 Jan. 14 X Jan. 13 634 Jan. 5 205-4 May 23 15 Mar. 7 1354 Mar. 2 2054 May" I§ IX Sale 1 154 134 May 31 1 May 28 134 May 154 May 4 3 X 34 May 26 54 May 234 May 16 * .* n 17 * 10 * common Apr. Feb. Apr. Apr. common "9% May~27 17 X 14 234 May 16 1534 May" 9 4 Jan. 25 Feb. 20 2054 May 13 Mar. 28 3-16 Jan. 15 134 Mar. 9 27 234 Jan* 34 May 26 1334 Mar. 3 234 Jan. 26 6 Apr. 4 934 May 27 13 13 12 1 Jan. 5 X X X 18 2334 34 134 54 154 Feb. 754 Apr, 754 Apr. 534 Apr. 54 Feb. May 20 5 300 Campe (The) Corp com 700 Carman & Co conv A stk 7,200 Carnation Co X May 26 IX Conv preferred 300 Camden Fire Ins Assn 2!§66 134 * com Warrants 1,900 25,300 Burma Corp, Amer dep rets.. 30 6,500 Butler Bros "loo 24 17 27 31 17 26 24 24 28 34 X 34 434 * 3,110 Bulora Watch Co $3.50 400 900 a Celanese— American dep receipts 10s Brown Fence & Wire Co— 900 Burco Inc 1,600 X 7X K X Sale X X 434 454 dep receipts reg,.10s ' 100 I * < IX 4 Brit-Amer Tub Ord bearer.£1 British 700 X * common.. Class A____ Jan. 2 100 9 134 Mar. 9 1334 Mar. 8 2 Apr. 17 13 Feb. 18 Jan. 13 15 10 Jan. 12 6 Mar. 26 10 May 13 20 Jan. 22 Jan. 13 Celanese Corp of Amer— 100 25 100 3*. 900 3,100 7% 1st partlc pref. 100 3,625, New 7% prior preferred.100 1,300,Ceilulold Corp common * 650 1st preferred .* 700 40 2 10 4 • 2,200 Charts Corp * common 25 Cherry Burrell Corp • 5h 13 45 34 2 ex 2X 254 434 2 10 May 13 May 17 25 Sale 8 8 2 May 3 34 May 6 334 May 31 534 May 9 134 May 11 42 3 Mar. 26 25 Jan. 234~May"§ May 3 May 6 May 31 May 9 8 Apr. 5 9634 Jan. 19 34 May 434 May 7 May 6 4 4 •4 in * com 60 Chic Burl & Quincy RR..100 100,Chicago Rivet & Mach Co 90 354,700 13,400 300 240 2,300 600 * 100 * 880 Child a Co preferred 5,136.965 Cities Service common 43,300 Preferred 1,300 Preferred B 1,300 Preferred BB 19,500 Claude Neon Lights com 3,100 Cleveland Tractor com • 2,000 '"loo 10 7 48 554 45 54 Sale Sale 354 Sale 3454 Sale 2 Sale 12 Sale 1 • May May May May May May May 11 28 28 8 May 17 434 May 6 6 19 28 3534 May 11 254 May 25 28 May 7 54 May 4 234 May 3 3 34 May 28 be May 3 334 May 16 May 3 434 May 27 "434 May"27 20 2h X IX 4 34 Sale 34 154 28 Common vot trust ctfs 3 Mar. 1-16 8 3 10 4 334 lOOjColumbus Auto Pts conv pf_* 400jConsolidated Aircraft com..* X X 4X 4 28 7 1334 Feb. 1 434 May 27 3 34 May 1-16 Jan. Jan. 5 434 Jan. 154 Feb. 2X 1234 27 5 Jan. 28 Apr. 8 5 Jan. 4 Mar. 9954 30 3 Sale 1 6 19 Apr. 27 134 May 28 10 May 28 234 Apr. 23 20 May 6 34 May 19 154 May 28 17 Jan. 6 3 7 8 434 Feb. H May 9 54 Jan. * 300 Cohn & Rosenberger com.. 12,200iColombla Syndicate 1 400,Colt's Patent Fire Arms Mfg25 l,600,Columbla Pictures Corp com * 11.100 134 10 234 ..* * 800 Club Aluminum Utensil ""300 . 6 Jan. 16 IX May 11 Jan. 234 454 7 15 May 13 25 May 17 134 May 11 20 25 17 • 200|Chain & Gen Equities com..* 5.900 Chain Store Stocks Inc.. 14 2 9,300iCentrlfugal Pipe Corp 200 1.200 25 10 16 3954 40 9 Jan. 30 634 Feb. 19 5334 Mar. 9 434 Feb. 10 Mar. 45 2 9 154 Jan. 334 Jan. 19 1 54 Feb. _ 334 May 16 34 Feb. 17 1454 Feb. 7 734 Mar. 14 754 Feb. 18 434 Jan. 27 234 Jan. 14 Consul Automatic 400 14,100 Merchandising v t c. 2001 $3.50 preferred... 5,525 Cons Retail Stores Inc ...... 1,125 ..* • com.* 500 Consol Theatres Ltd v t c._* Continental Chic Corp com.* 1,500 450 Convertible 400 300 300 200 100 1,200 • 24",700 "2,366 900 Preferred series B Convertible (W B) Co pref — — 1 i i* 11,600 be 3 "34 May"4 May 3 May 14 19 IX Sale X May U May 13 48 May 10 4 7% pref with warrants. .100 * 3 4X 9% Sale 2 2X 3X 4 134 334 2 34 334 X May 71 434 May 13! 4834 May 10, 2 May 12 334 May 3 May 12 May 71 * 5 * Sale * • 2X 8 Sale Sale 2 1 134 ' Sale 8 154 12 2 May 31 134 May 13 10 May 24 3 May 6 "l3i"May"6 13 May 6 1-32 Feb. 34 Feb. 34 Jan. Jan. Feb. Apr. Feb. 12 Apr. 134 Jan. 34 34 34 134 134 X 434 4834 2 34 234 1934 134 Mar. 31 May 7 Jan. 11 May 10 134 Apr. 7 334 May 3 854 Apr. 11 2 May 31 34 Feb. 8 134 Apr. 19 734 Jan. 5 19 7 Mar. 15 Apr. 1 Feb. 16 Feb. 19 Jan. 2 25-4 Jan. 334 Jan . 14 14 Jan. 19 5 4934 Mar. 14 334 Jan. 934 Jan. 14 15 2 Mar. 12 834 Jan. 9 134 Jan. 14 234 Mar. 8 18 Mar. 5 £1 Am dep rets for ord stk req 25 100 Crane Co common Preferred ..100 75 — 2,600 8 2 2X X » common $r3 pref A with warr 5,300 2,000 Copeland Products Inc 237,200 Cord Corp 3,700 Corporation Sec of Chic 11,800 Corroon 5c Reynolds com ' $6 Conv pref A 6.500 50 » X IX be May IX ...100 Coon Courtaulds Ltd «. , ...100 1,600 Cooper Bessemer Corp com.. * 300 «. 1 preference.._• 200 Continental Secur common.* Continental Shares Inc— 2,028 8,000 2,000 1-16 Sale Crocker Wheeler Elec Mfg..* 334 May 3X 454 Sale 2 154 13, 334 May 13 '154 May" "5 "234 May"11 2 534 Feb. 26 334 May 13 534 Jan. 27 5 Mar. 28 Jan. 28 534 Jan. 6 1434 Mar. 22 434 May 19 134 Jan. 2 1434 Mar. 22 5 Apr. 2 234 May 13 13 1334 Mar. 16 1-32 Jan. 11 1 Mar. 1 1934 Mar. 9 65 Mar. 29 50 Feb. 17 134 May 7 53 Crosse & Blackwell Inc— 200 ""300 1,000 S3.50 pref without warr— * 400 Crowley Milner & Co com—* 4,100 Crown Cork Internat cl A__* 4X IX Sale 134 2 134 Sale 3 Crown Zellerbach Corp 1,950 1,300 16 conv pref A * 10 3,400 100 6 34 % pref with warr 300 100 2,000 Curtis Mfg Co (Del) A stock.* 100 Curtis Mfg Co (Mo) 5 500 Curtiss Wright Airports v t c * 5,400 Curtiss Wright warrants— U<W «. 300 2,400 100 100 5,300 10,800 95,600 107,700 1254 Apr. * com v t c 700 rn.rn.rn. 434 May 19 254 May 13 Cuban Cane Products warr.. 200 Cuban Tobacco 1,100 434 May 19, 134 May 25, Cuneo Press com Davennort Hosiery * 1 18 15 !§* 14 1334 234 1534 1-32 Jan. 11 1 Mar. 1 14 J4 May 60 34 1-16 34 1434 May 24 May 26 May 6 60 3 134 X 14 13 1 24 May 26 34 May 16 1054 Sale 9 Sale 34 May 10 4J4 May 31 54 May 25 34 May 10 654 May 11 X May 11 May 12 34 May 23 May 25 1034 May 2 1434 May May 34 May 4 Apr. 34 Mar. 1-16 Jan. 60 9 24 26 16 29 29 4 May 25 13 Mar. 11 4 Apr. 29 Mar. 29 Jan. 14 11 Jan. 8 Decca Record Co Ltd— American shares. Deere & Co com .... .100 De Forest Radio v t c • 934 IX Sale. Sale 6 34 Sale 434 54 Sale 34 Sale Sale 34 May 10 434 May 31 54 May 25 34 May 10 1434 Jan. 15 134 Jan. 8 De Haviland Aircraft Co Ltd 100 "3", 166 mm mm m. m. m. 40,700 20 — — 900 1,800 » «, *• » mm 800 Corp 1,300 Draper Corp.. 2,900 Driver Harris Co 600 mm Detroit Aircraft 30 X • Sale 34 _* 32 2X 3 154 134 2654 Sale 1 ...* common.. 10 334 5 34 May May May 1934 May 234 May 1 24 234 54 154 Sale X Sale Eastern Util Invest class A_* X 1,600 Sale Sale 26 31 27 28 31 3534 134 2634 2034 334 May 12 May 23 May 2 May 3 May 7 7% preferred 100 10,800 Dublller Condenser Corp...* * 179,900 Durant Motors Inc 200 Durham Hosiery Mills B com * ♦ 3,500 Duval Texas Sulphur 800 be * 80 Dixon (Jos) Crucible Co. .100 1,300 Doehler Die-Casting * * 2.900 Dow Chemical Co com 400 600 350 m dep rets ord reg shs..£l 100 Diamond Shoe Corp com 100 Dictograph Prod Co Inc ~ mm-mm «. Am 600 Edison Bros Stores com 1 34 « 5ie May 12 34 May 4 34 54 May 20 be May 21 X 34 34 54 34 May 25 54 May 10 34 54 34 34 34 May 34 May 4 134 Mar. 18 34 Jan. 5 734 Apr. 29 1 Apr. 1 32 May 26 1 May 31 24 May 27 1834 Feb. 9 234 May 31 66 Feb. 16 5-16 Apr. 18 34 Apr. 4 1 Apr. 28 34 May 25 34 May 4 * 3 Jan. 4 26 134 Mar. 34 Feb. 734 Apr. 1 Apr. 66 Jan. 334 Feb. 3534 Mar. 2234 Mar. 18 2 29 1 11 5 3 22 Mar. Feb. 3 16 134 Jan. 34 Jan. 134 Apr. X Jan. 18 12 27 11 134 Jan. 5 Feb. 18 9 66 4 Educational Pictures Inc 8% 150 2,000 5,300 7,600 1,900. 2,900 pref with com pur warr. 100 24,700,Eisler Electric com *, * 20,150,Elec Pow associates com....* 191,100 Class A * 9,900 Elec Shareholdings com * 6,000 $6 cum pref with v» arrants 250 Elgin National Watch Co..25 For footnote* «eee oaae 53 8 1 634 6X 334 38 IX 8 7X 4 42 134 434 434 154 33 X 154 5 4 154 35 1 Sale 1 334 Sale Sale 254,May 25 3 134 19 2 Sale May 6, 254 iMay 26 134 May 26 19 May 31 134 May 4 May 10 534 May 10 2 May 9 33 May 3 5 Feb. 12 Jan. 14 1 Jan. 234 854 854 454 4934 1134 Jan. 9 254 May 25 254 May 26 134 May 26 19 May 31 1034 Jan. 12 Jan. 14 13 Mar. 9 Feb. Mar. 12 Jan. 18 NEW YORK NEW YORK Jan. 2 May 1932. 1. Jan. Shares. Price CURB EXCHANGE Since In Ask. Bid. Par INDUS. A MISC. (Con.) Shares. Lowest. Ask 100 Class B * common 1-16 * 700 Empire Corporation com " Y.eod 4.430 Fajardo 100 """900 Flat Amer dep rets.. . .1 VA V£ 5 3k Sale 6 7H 14}* 5k 6 400 1,900 300 300 New capital stock 100 First Nat Stores 7% 1st 100 4,300 "8,200 73,650 Ford Motor Class B 1,575 175 4k 5k 5k 6k 5% ..* com of Canada cl A 334 2 934 2k k * Flintkote Co class A 800 Foltis-Flscher Inc " 2 3k 9 * 700 300 Conv 2 30,200 3,400 3,400 29,500 Fox lk Sale Sale 4k 2k 3k Sale 8 Vs 3-16 Sale k k k May 26 18 34 May 5 6 k May 3 5 k May 2 13 May 20 10 May 28 "lkMay"31 5 5 k May 2k May 16 ~8k~May~~7 14 May 4 3k May 13 r4k May 3-16 May 2 12 2 May 27 May Theatres class A com...* 25 Gamewell Co 86 25 conv Sale 1 * k May 31 Sale Y. 78 3k 7-16 •1 k Sale jk k -a k k May 26 k May 28 ik 2,100 :9k lk Sale 3% May 5 May 2 May lk May 1134 May 6k 2k 2k Sale 2k 2k Sale 19 10 17 28 28 5 k May 31 General Rlec Co of Great Brit American dep receipts.._£1 28,100 ..* 4,500 General Empire Corp 5,300 600 400 Gen Fireprooflng com.....• * 1,200 General Leather Co com Gen Theatres Equip Inc 100 100 $3 ...* pref 400 Gerrard (S A) Co com 58.600 2,900 cum conv • • 200 Gilbert (A C) Co com 400 * 229,545 100 300 50 1,650 3,300 1,200 3,100 . ..» * 2,800 750 k k 134 May 22 k 26 k Sale Sale 8k Sale f 13k May 13 19 k May 24 k May 24 k May 2 May 27 May 31 Sale .... 9 k May 4 May 3 3 '8k 3k 9 Sale "6k "7" Sale 3 lk Sale 5-16 Sale Sale May 21 lk May 28 3-16 Sale 3-16 May 31 lk 1 12 11 8 11 6k 52 Sale 146 100 * 100 Gt Lakes Dr & Dock com 1.000 Great Northern Paper Co..25 10 lk Sale 2 Sale Sale 27 k 16 May May May lk May 2 May 2k 11 k May Sale 20 May Sale 112 May Sale 103k May 7 9 14 k Sale 6 3 k }4* 40 7 .... 116 Sale Sale 112 Sale 105 2 11k 20 117 k 126 5 May 21 1 k May 7 2 1 May 6 6 7 May 5 5 1234 May 10 27 1 k May 5 4 2 May 2 1434 May 31 26 29 k May 27 11734 May May 27 130 18 May 31 96 96 10 5 5-16 May "l"8~ "May" 17 Sale 96 25 Greif (L) & Bros 7% pref..100 225 Greif Bros Cooperage class A May 17 May 31 $7 pref with warrants....* • 9.800 Grocery Stores Prod v t c Guenther (Rudolph) 100 Law Inc common V.lOO 100 Hammond Clock com Handley-Pagc Ltd— Am dep rets partic pref 300 6,200 Happiness Candy St cl A 135 Harnlschfeger Corp com 1,100 _ - - 1,300 Hazeltlne Corp 300 7,750 1,700 300 100 — - - - • * * ..* 200 9.100 1,900 • 100 " 2,600 200 7,300 2,900 50 • ""700 1,800 2,700 3.200 14,500 "".ioo 200 300 if. '4, 100 " Conv preferred ._* 800 Interstate Hosiery Mills 5,900 Irving Air Chute com. 300 4,100 200 ------ 1,100 * • Warrants 300 9.400 Johnson Motor Co com.....* Jonas&Naumburg Corp— S3 Convertible pref * 700 5-16 14 k "~5k "12" 5 2% May _ k 5k k 2 k 30 k lk 4k lk 40 27 k "18 34 "23" 17" 18 1,300 5,600 1,500 2k May 25 % May 4 6 k May 26 18 May 26 V k 15k Sale 22 21 May 3 34 May 4 6 k May 19 18 May 26 134 May 19 5 1534 May 31 21 k May 16 6k 3k Sale Sale 2k 1 3 1 Sale 30 4k 2k 12 Sale 4'k Sale Sale 13 k 9 Sale k 13K 1J4 May 17 May 16 30 154 May May 5 k May 334 May 12 May 17 4k May 31 2 May 31 May 14 12 30 16 11 7 14 16,500 lk 6 Sale 9 28 k lk 30 2 30 4 6 2634 k Sale 19" Sale k Sale 1 May 21 14 2 k k 18.14 k 15 k k May 16 May 19 May 31 May 6 May 2 May 13 27" May 11 lH 4 7-16 Sale 6 10 6 3H 4 lk 5k 8 2k May 27 "is May 19 10 May 3 6 May 27 2 3 2k May 16 k 11 12 10 k 3 10 k 8 Sale 16"" Sale' lk 4 May 26 k May 27 k May £1 28 3k Jan. 13 28x1534 Jan. 25 k 34 634 2334 3k 4 9 May 17 k May 27 lk 2k 2 k May 34 May 1034 May 6 May 3 May 27 3 26 27 2 11 3k 2 lk 1 k Jan. Jan. Feb. 2 634 Jan. 334 Jan. 14 3 4 Sale 10 134 May 25 3k lk 5 lk May 25 14 16 31 31 12 7 234 Apr. 29 634 Apr. 28 12 34 Jan. 7 134 Mar. 31 16 Apr. 11 34 May 16 34 May 19 1834 May 31 34 May 6 Jan. May May Jan. Jan. Apr. Apr. 34 k 1634 2 34 5-16 15 26 27 7 7 18 13 May 31 334 May 6 4 May 26 11 May 26 434 May 20 434 May 26 Jan. 7 134 Jan. 26 5 234 May 25 14 k Jan. 4 13 22 Mar. 1 Jan. 14 134 Apr. 34 Jan. 6 11 Jan. 5 4 734 Jan. 26 k Feb. 29 834 Feb. 24 21 Jan. 7 334 Apr5 134 Jan. 20 4 Feb. 13 29 Jan. 13 95 Mar. 16 9 2 Mar. 30 Mar. 29 3334 Feb. 11 1134 Mar. 3 4 Jan. 11 21 Feb. 13 44 Jan. 7 234 634 14 k 2 34 1934 Mar. Mar. Apr. Mar. 2 8 7 2 4 Feb. 6 Jan. 15 Jan. 40 Mar. 2 34 Jan. 27 Jan. 30 Jan. 1 134 1634 534 134 2 15 8 19 15 14 Apr. 11 Feb. 23 Jan. 7 Feb. 2 Feb. 15 5 5 Hi Mar. 7 Apr. 7 234 Apr. 13 34 Mar. 15 41 Feb. 16 k Feb. 134 Jan. 3 12 10 6 Jan. Jan. Mar. 17 134 May 25 3 Feb. 15 May 31 334 Apr. 14 85 15 85 10 10 Apr. Feb. Jan. 2 4 15 15 434 Feb. 13 534 Jan. 9 k 1 May 12 1 k May 4 4 Jan. 4 4 Si7 lk Mar. 29 15 8 Jan. 19 34 Mar. 11 1 k Apr. 27 6 Jan. 14 17 Mar. 9 4234 Jan. 25 118 Feb. 11 150 Jan. 14 7 k Apr. 11 23 Mar. 4 96 May 31 1234 Jan. 12 134 Apr. 8 k May 16 Jan. 5 234 May 25 k Apr. 26 5k Apr. 8 18 May 26 134 May 19 134 Jan. 20 3 k Feb. 20 1534 May 31 95 Mar. 16 Jan. 16 9 May May May 112 May 10334 May 7 h Apr. Jan. 17 96 May 134 Jan. May 4 34 May 2 May 1034 Apr. 2 5-16Jan. 12 Jan. 30 4 Mar. 30 May 21 134 Apr. May Apr. May 2* 19 5 May 21 134 May 28 34 Mar. 18 1 18 1 5 9 13 Jan. 24 Mar. 30 7 14 23 2234 Jan. 434 Jan. 1 May 27 May 31 1 k k 4 H Jan. 2 734 Jan. 20 34 Mar. 14 16 Mar. 28 Mar. 16 Jan. 13 7 3 9 834 Mar. 534 May 31 634 May 27 May 31 34 May 24 3 27 20 2 "2 k lk * L lk 35 15 American shares 2k "~k Sale" 20 f-2 For footnotes see page 53. 1334 May 18 1 200 Kobacker Stores com Kolster Brandes Ltd— 48 May 19 834 Jan. 20 3 Apr. 9 44 100 Klein (D Emll) 2 19 10 5 2 Mar. 24 8 3 50 1 36 11 com Jan. 11 Mar. 1 Jan. 6 Jan. 6 4 44 lk May 19 26 k May 16 k May 16 k k k g 19 k Co common..* Klelnert (J B) Rubber com * Knott Corp common * 10 Jones & Laughlln " Mar. 634 6k k k 6 3 3 Mar. 25 7 . 1.400 Internat Products com ....* * 100 Internat Proprietaries A 700 Internat Safety Razor cl B.* * 14,300 Interstate Equities com .4. 1 lk Apr. Apr. 15 234 Apr. 26 13 Jan. 14 * Internat Cigar Machinery..* 300 Internat Holding & Invest 100 Mar. 23 4 5 Imperial Chem Industries— Am dep rets ord reg £1 Steamship Jan. 13 15 234 May 25 7% preferred 100 Houdaille Hershey Corp— 50 Interlake 5 Feb. 15 May 5 May 3 Feb. 25 13 May 20 10 May 28 34 Mar. 12 234 May 25 2k May "g"" " 400 Imperial Tobacco Co of Can.5 3,100 Imp Tob of Gt Brit & Irel..£l 2,100 Industrial Finance v t C—.IO 1.225 7% cum preferred .100 51,528 Insull Utility Investment...* $6 2d pref with warrants.* 3,800 20,200 Insur Co of North Amer—10 27,200 Insurance Securities Co. ..10 ' 1.100 2 6 Jan. 7 34 May 24 100 Illuminating Shares A stock * 200 2 Jan. 734 34 634 834 k May 23 1134 Helena Rubinstein common.* Conv preferred class A... 200 12,900 Huyler's Co of Del com.... 800 7% pre/erred 100 33,600 Hydro-Elec Secur com..... 13,200 Hygrade Food Prod com....* 2.350 Hygrade Sylvania Corp 7.800 Jan. 1434 16 27 25 5 9 26 26 28 11 26 8 31 27 2k May 25 8 ..* 900 Hires (Chas E) class A com..* * 300 Holophanc Co Inc conF • 600 Horn (A C) Co com. 75 Feb. 3 k May 24 % k Sale ..* 300 7% 1 st preferred... 13.150 Horn it Hard art com — 2,200 ' * 2.200 Heyden Chemical Co 200 Mar. 12 4 Apr. 7 134 Jan. 11 Jan. 26 734 Mar. 9 134 Mar. 2 5 lk Russell ..5 14,900 Hachmeister-Llnd Co 2,200 Hall (C M) Lamp Co " 2 24 1234 Feb. Grier (S M) Stores Inc— 50 100 18 9 19 May 5 May 34 Jan. lk May 1134 May 11 31 24 5 3k 34 138 6,500 7 1 15 7 34 May 6 1 19 k 4,020 Gt Atl dc Pac Tea 1st pref. 100 Non-voting common stock * 4,370 25 134 Apr. 1634 Feb. 134 Mar. 48 May 19 6 k May 3 2 k May 2 2 k May 3 48 2 1 12 1,630 1,910 26 Feb. 17 k May 26 % May 28 2 2 3 9 3 k May 7-16 May 634 May 7 May May k May 6 k May 27 3 May 31 k 3-16 Sale 2 12 2 Sale * Common class A 83 cum pref with tour. • Gorham Mfg Co com v t c... * • 28,200 Gotham Knitbac Mach. • 900 Grand Rapids Varnish. 8,350 Graymur Corp 2,400 Gray Tel Pay Station com...* 100 3 .* Goldman-Sachs Trading 28.600 Gold Seal Electric Co Gorham Inc— 4,900 5k 5 .* 100 Golden State Co Ltd 34,500 8k 1 3 lk k Sale 7 6k k 9-16 Exch..* 100 Godchaux Sugars class B '""166 11 7 2k k Sale 7k 5 6k 7 6k 16 Preferred., 35,473 Glen rtlden Coal Co 12.800 Globe Underwriters 5,100 1,500 5-16 Jan. 13 234 May 31 6 48 7 1 * 1,900 Garlock Packing Co com.. • 29,465 General Alloys Co.. 39,700 General Aviation Corp com • 2.200 General Capita] Corp com..* 7,000 3,900 Jan. 27 20 34 Jan. 3 k May 31 Sale Sale * pref 334 Feb. 24 20 3 k Apr, 8 34 Jan. 26 7% preferred .. *00 150 80 French Line Amer shares 600 Feb. 24 134 Mar. 2H 2 * A k May 11 7k May 6 27 25 5 9 26 26 28 4k May 5 May k May 5 k May 3 k May 11 k May 10 May 4 34 34 12~k 2k May 31 Sale 2934 Mar. 31 34 Feb. 15 k Apr. 134 Apr. 1034 May 5 May 1 Apr. 2 Apr. k Feb. 9 k Apr. 4k May 5 May 34 May 534 May 334 May 1134 May 10 May k Jan. lk May k Apr. 534 May 12 May May 26 3k May 10 k May 5 lk May 26 Sale "l 2k May 31 k May 5 12 • preference 1.500 Franklin (H H) Mfg com l,0OO 4k 5k k 5k Sale 1 k 7k Foundation Co foreign shs class 434 5k Sale Ford Motor Co, Ltd, 200 5 lk Sale • Amer dep rets..Ord reg £1 176,600 1,200 Ford of France Am dep rets. 1,600 Foremost Dairy Prod com...* 21,400 k 2k 1034 May 26 5 May 18 10 pf.100 500 Fishman (1) & Son class A. ""700 k 3k 4 4 Feb. 30 May Mar. 31 Feb. 15 Jan. 8 1-16 Feb. k May * 300 Finance Co (Bait) cl A com..* Fire Assn of Philadelphia 10 300 24 4 May 24 2934 34 1634 334 k Sale 3 ... 300 Film Inspection Machine 300 4 11-16 —. .... • Feddera 6,800 1,700 May 173^ k Mfg Co class A.....* 2,400 Federated Capital Corp.....* 6% cum preferred 25 1,400 .* 5,600 Federated Metals Corp 1,000 1-16 .. 900 Fan steel Products luc """200 Sale Prices. k Sugar. ..100 200 Fanny Farmer Candy com..* 200 Highest. Sale Prices. Tool..* 10 1,700 Fageol Motors Co com 1,300 Fairchild Aviation class A. 200 Fairey Aviation Amer shs.lOs 300 11-16 18 1,700 Employers Re-insurance.._10 100 Ex-Cell-O Aircraft A Lowest. Sale Prices. 24 30 17 H Class A non-vot com......* Highest. Sale Prices. May 31. 2. Ask. Bid. Bid. Emerson'* Bromo-Seltzer— 500 200 RANGE SINCE JAN. 1. PRICES IN MAY. AGGREGATE SALES. May. 41 CURB EXCHANGE Jan. 20 4 1 Feb. 10 134 Mar. 30 Jan. 20 NEW YOEK EXCHANGE CURB AGGREGATE SALES, PRICES NEW YORK In May. Jan. Shares. 500 1. 1932. 400 Kruskal & Kruskal : v com * Bid. Lowest. May 31. May 2. Ask, Ask, Ask. Bid. Lowest. Highest. Sale Prices. 10 Bid. May 12 Sale 10 Prices May 250 Landers Frary & Clark £2434 134 26 34 21 1 25 X Sale 18 27 1 34 IX 18 May 28 X May 11 90 800 6,100 7,900 37,800 1,600 6,500 3,800 55,000 2,000 6,600 200 5,600 } 300 Lefcourt Realty com 10 434 Preferred 14 Lehigh Coal Ac Nav__ .103^ Lerner Stores Corp com • Libby McNeil & Llbby Lindsay Light Co 10 400 Marlon 1,700 11 7 8 354 434 2 J 3", 900 Steam Shovel com..* 50,000 Mavis Bottling Co of Am 14,500 Mayflower Associates Inc 21M' May 5 X May 11 6 . Sale 3 X Sale 10 IX » 25 Sale 2954 4 4 34 Mead Johnson Ac Co com 25 Melville Shoe 1st pref..: 1,922 Mercantile Stores Co "466 50 X "44"" "48 X 1 22' 21 X 42 15"" "23 100 Metal Textile Corp pref 200 Met 5 to 50c Stores com B 100 200 $2 non cum 10 400 X 32 X 800 10 100 » com Mock-Judson-Voehringer 32 X May 26 50 200 600 1,000 Murphy (G C) Co 300 3X 11,300 200 200 National 200 1,100 18,700 4,500 Natl Baking Co y» x X . X X Bancservice Corp Nat l Bond & Share 200 200 National Candy Co 100 200 100 IX 2,425 400 100 1,600 10,900 400 * 100 900 • com 1,400 2,100 IX 2 Sale • Nat Steel Corp 8 14 10 13 12 15 1 10 134 .... ,"..* * 3 3X 1 Sale 1 254 Sale 3X IX Sale X Sale 2X Sale 1934 Sale 19 X X Sale % 19 Sale 9 94 Sale 9 834 17 98 34 3 9 "i IX Sale be 1 116 Sale 1 1534 2 18 Sale 13 15 IX Sale 12 16 IX IX X Sale 23 X 25 20 23 18 Sale IX 4X 4 5 3X 6 4X Sale * 11 * 12 X" 3 19 87 .100 Shipbuilding Co 20,800 Founders shares * 108,062 Niaaara Share Corp (Md)_.10 ... 70 X Sale Sale Preferred 3* IX 9 X 134 8 2 2X 3 Sale * com IX 9 Nitrate Corp of Chile 100 North Amer Cement 500 b Sale "3" 10 2,900 Novadel Agene . 100 100 Oilstocks Ltd 4,700 • • new common. 3 17 1 24 27 11 May 17 X May 24 20 X May 6 5 J4 May 11 May 7 May 31 May 9 May 12 May May May M ay May May 26 23 14 X May 10 May 25 X May 3 May 27 854 May 23 X May 2 6 20 May 6 May 31 1 May 6 2134 May 17 1% 634 3X 434 May 4 May 24 May 5 May 31 May 16 154 May 4 634 May 24 3X May 5 434 May 31 1234 May 31 May 27 OX Sale 334 4 2 34 May 2 May 31 "lX "3" 8 Sale IX Sale 5X Sale 8 May 31 8 134 May 31 1 May 16 434 May 27 6 534 May 27 634 May ii« Sale 2 1434 May May 70 Sale 2 May May 2 2 May 31 154 May 2 134 May 2 May 23 be 2 May May 3 2 2 26 33 lH I! 29 X 34 Sale 234 8 2634 33 X X "2" "4 2834 May 26 X May 2 234 May 25 3134 May 54 May 254 May 6 5 26 27 X May 16 6 41X X 1 » li8 * Parke Austin & Lipscomb— Conv partic pref... ._* 6,500 7,200 Parker Rust-Proof 26 27 X 25 27 X X IX X 2X X IX 2' 13 X Sale ! May 20 234 May 26 X May 11 IX May 18 com 800 177,068 Class B Pennroad Corp com v t c 400 Pennsylvania Salt Mfg..: 850 Peooerell Mfg Co "'"230 see page 53 3X 15 3X 14 X Sale • * 50 100 3X 3X 1334 May 26 3X May 5 13 May May May 10 May 1434 May 534 May 134 May Sale 13 2234 Sale • 650 Patterson Sargent Co com..* 500 Pender (D) Groc Co cl A • 250 300' 14 8 Parke Davis At Co.. 450 25 234 May 26 X May 3 4 1J4 May 26 10 15 Sale 18 334 6 234 Sale IX Sale 134 Sale 10 31 4 20 26 24 31 75 15 May 10 434 May 27 10 May 1554 May May 1234 May 15 May 6 May 134 May 31 16 7 17 5 19 24 3 2554 May 3 4 18 8 8 18 8 19 16 14 Mar. 17 11 4 Jan. 5 Jan. 14 61 Mar. 4 69 Apr. 6 7 15 Jan. 32 May 18 32 May 18 134 May 27 234 Feb. 6 36 34 Mar. 19 34 34 Mar. 29 3-16 30 Apr. 12 30 34 Mar. 5 34 Apr. Mar. 8 5 2634 Mar. 28 134 Mar. 21 55 May 4 4 May 11 234 May 25 60 Apr. 14 554 Jan. 26 12 Apr. 12 Feb. 1 18 Feb. Jan. 8 27 Jan. 18 Feb. 25 Apr. 12 Mar. 5 334 May 17 834 Feb. 18 154 Mar. 18 31 Mar. 11 234 Jan. 15 7134 Mar. 14 6 Mar. 11 3 Apr. 28 72 Mar. 10 10 14 Apr. Apr. 2 Feb. 3 Jan. 7 7 5 134 May 4 54 May 16 18 May 20 23 Apr. 1 354 May 54 May 254 Jan. 1 May 54 Apr. 1854 May 534 May 534 Jan. IX Feb. 354 Feb. 1 May 354 Feb. 2354 Feb. 534 May 22 3 2 23 2 17 21 27 11 5 7 May 834 May 31 86 34 34 134 1534 34 Feb. 11 1 17 16 19 11 534 Feb. 29 Jan. 9 14 18 29 34 5 13-16 34 Jan. May 25; 6 3 54 May 254 854 Mar. 2 10 X 6 54 Apr. 154 18 May 31 2334 254 Jan. 19; 254 2, 34 Apr. 134 5 2 Apr. 29 Apr. 25 Jan. 2 Jan. 4 May 23 Feb. X May 354 34 Jan. 22 134 Apr. 29 634 May 24 11 354 May 16 May 31 101 Apr. 25. 34 Jan. 14 34 May 26' 354 2 Apr. 20 May 14 154 X May 154 May 1254 May 19 6 Mar. 10 Jan. 14 Feb. 29 21 Jan. Apr. 28 Jan. 22 Mar. 22 Jan. Jan. 12 5 19 FeD. 2 Jan. 34 Mar. 21 25^ Mar. 9 2254 Mar. 21 Mar. 23. 7 434 May 31 54 Apr. 8; 11 Jan. 1 Jan. 15 15 19' Jan. 22 3 Jan. 4 31! Feb. 18 1234 May Apr. 134 Feb. 54 May 3 Jan. 154 Apr. 5 Apr. 8 May 2 20 3 31 834 Apr. 28 134 May 1 May 34 May 4234 Apr. 534 May 31 16 27 21 27 65 4 2 19 9 31 12 Xt May 2 Apr. 30 bo Jan. 12 Apr. Jan. May May Apr. May 21 23 2 25 8 30 754 Mar. 2 X May 54 May 154 May 34 Feb. 17 34 2754 34 234 26 26 11 18 11 Feb. 27 173 3 7954 Feb. Jan. 20 54 Jan. 454 Jan. 9 19 2 Mar. 8 734 Mar. 18 534 Feb. 334 Jan. 6 May 46 Apr. 854 Jan, 26 13 23 21 7 34 334 34 34 3754 134 634 12 8 15 21 94 Jan. Jan. Jan. Apr. Mar. Feb. Jan. Apr. 36 Jan. 15 1334 Jan. 16 8 17 9 8 234 May 26 54 FeD. 13 254 Jan. 13 1 Mar. 13 1234 Jan. 354 Jan. 1654 Mar. 7 634 Feb. 19 x4X Apr. 5 1134 Apr. 13 20 May 4 10 May 20 1434 May 26 10 19 Apr. 27 55 Mar. 3 j,* 37 2354 May 26 Jan. 134 Jan. 8 94 36 • 600 8 Feb. 2 * 200 For footnote* 3X May 2 1 May 4 3X May 10 31 14 X Sale .5 Co.). 28,800 6 31 4 14 3 16 12 2 23 31 X May 25 X Sale Outboard Motors cl B com..* 8,700 Pan American Airways II,500 Paramount Motors Corp 1,400 1,050 2, 2, • . Class A conv pref 61,800 1,777 Overseas Securities 1,500 1,100 10 4 * com com 800 Ohio Brass class B 2,900 3,100 16 27 May May May 3 May 60 May 834 May 12 May 1 May IX May 3X May 20 May 55 5 .5 900 Northwest Engineering..... * 100 Northwestern Yeast Co 100 '300 IX Sale IX Sale ahs 1,300 Northern Warren Corp pref.* 1,600 North & South Amer Corp A* 200 4 11 25 6 5 4 14 4 100 (Cosactv Ctfs for ord 39,400 13,900 Noma Elec Corp com 9,300 Noxdon Corp Ltd com 200 May May May May May May May 10! 67 B 16,000 NUes-Bement-Pond 4,500 2,000 May May May May May May May May May May May * com 54 Jan. 5234 Mar. 10 18 12 N Y "8",255 9 18 17 IX 6X 100 May 2 15 '8 Class "is IX May 2 May 23 X May 3 X May 6 234 May 4 12X May 14 18 "x ~"x "x "~U 234 900 9 16 IX ..900 IX 18X X X IX 12 X 1 1.378 N Y Auction Co common * 500 New York Hamburg Corp. .50 200 N Y Merchandise Inc * 800 2X May 27 6 16 4 May 28 234 Mar. 3 434 Feb. 10 3234 May 26 69 Apr. 6 34 3X 5 500 12,300 32 May 7 5 834 May 31 834 86 May 31,101 34 May 12 34 5 8,100 New Mexico 9c Arl* Land_..l 2,900 New Process Co common * 100 May 3 May 18 31« IX 6 7% preferred 900 New Haven Clock Co 12 5 8X Sale 86 1 Sale 4 5X 200 Y.Ioo X 18 X 5X 5 100 200 New Amsterdam Casualty. 10 3,601) Newberry (J J) Co com * 1,800 X 254 1 1 100 734 ^354 4 3 Nelson (Herman; Corp 800 Neptune Meter class A 600 Nestle Le Mur Co cl A 5 7 20 13 Jan. Jan. Feb. Mar. Jan. Jan. Jan. 2 18 3X Sale 34 IX 325 Neisner Bros pref 4 11 8 134 634 354 54 2834 2 1X 3X 20 54 1,958 9 15 Feb. 134 May 28 1 com.* 25 Feb. 5 2 12 13 700 Nauhelm Pharmacies pref..* 1,005 Nehi Corp com.. • 100 10 * common 13 43 IX May 28 2X 8X Sale warrants.... 100 National Tile Co 2 4 4 334 May 17 60 10 * * 4 12 31 25 5 134 May 28 4 Sale 5 2 X Conv partic preferred 4,900 National Union Radio 100 IX May 27 55 ,* com 9,000 National Sugar Refg """366 45 8 100 Nat Short Term Sec A 150 Nat Steel Car Corp Ltd """200 10X IX Warrants 1,000 46,100 900 45 6134 * 50 Nat Secur Invest 6% pref.100 3,200 National Service Cos com...* ""500 60 ..* 11,100 Nat Rubber Mach com I,700 National Screen Service 100 2 34 * 400 National Leather Co 1,000 44 X May 29 1 15 2 * com Class B 2,000 4,000 National Investors 125 5)4% preferred l",206 May 16 May 18 ContainerCorp— Common $2 convertible pref 4,050 Nat Dairy Prod pref A 800 Nat Food Prod class A " 4X 454 » Corp...* 200 Nat 4 X * com 6 19 1834 Feb. 1254 Jan. 734 Feb. 25 * com 1,100 Nachman-Sprlngfllled Corp.* 14,300 National American Co.. * 40,400 National Aviation Corp * 4,400 10 6ie May * 834 Morison Elec Supply com * 900 Mtge Bank of Colora Am she.. 200 Municipal Service Corp * 400 10 3X May 17 440 Montgomery Ward & Co A..* 1,700 Moody's Invest Service pref.* 2,400 Moore Drop Forgings cl A * 600 100 May 17 IX May 17 IX "16" "25" 16 IX * 780 Minneap-Honeywell Reg pref 1,500 Miss River Fuel Corp warr 700 Jan. 31 5 6 14 16 May 28 34 * div stock 700 Miller (I) & Sons Feb. 17 X May 2 50 12" 400 Midland United Co common.* 200 Mid vale Co * 100 May 11 X May 4 22 X May 28 Midland Royalty Corp— $2 conv pref ; 500 25 May 1 May OX May 5X May 3 May 1 May 6 May X Mar. X May 4 20X May 25 a Midland Steel Product— 200 11 14 10 26 10 X M 20X Sale 29 32 5,800 Merrltt Chapman Ac Scott.. 300 6)4% preferred 100 1,700 Mesabi Iron 700 Metal Ac Mining Shares com. * ""706 Feb. Jan Jan. Feb. 2X IX 234 501 Mergenthaler Linotype Co. 500 2954 134 34 3034 54 Mar. May 54 Jan. 5 Apr. 334 Feb. X May 2034 May Sale 100 100 14 11 28 15 16 "34 "1 * 15,200 Feb. May 25 IX May 17 29 400 McGraw Electric Co 2,100 May 11 11X May 27 6X May 10 10 May 6 434 May 16 IX May 4 6X May 6 May 2 Jan. 10 5 134 600 - 10 26 31 5 6 24 25 10 14 50 May Hosiery Mills Inc— 400 6X 11 14 19 Jan. Apr. May Mar. Feb. % $4 pref with warrants _* 800 McCord Radiator Ac Mfgvo!. 2,300 8 10 5 3 May 1 May 6X May 5X May 3 May 1 May 6 May X May Prices. Jan. 834 1634 54 34 28X 65 200 Maryland Casualty Co 10 200 Massey-Harris Go Ltd com. «... IX 3 634 Sale 3 6X 9X 4X IX % 56 Mangel Stores Corp— 50 6)4% prefwith com pur w.* 1,000 Manning Bowman A: Co cl A.* 4,200 Mapes Cons Mfg Co * 1,700 5 1734 common. 10 Louisiana Land Ac Expl com.* 40 Ludlow Mfg Associates * 10,800 — 7% prefwith warrants..100 Sale 10 12 Lane Bryant Inc— 90 Highest. Sale Prices * 15,800 Lackawanna Secur 1,100 Lakey Foundry & Mach 400 Land Co of Florida 100 RANGE SINCE JAN. 1. Jan. 2 INDUS. & MISC. (Con.) Par Shares. 810 Kress (S H) & Co spec pf_.10 "3", 800 IN MAY. Price CUEB EXCHANGE Since 2354 Jan. 22 May 31 Jan. 25 May 26 Jan. 13 7 1834 Jan. 13 15 29 Jan. 354 Jan. 354 Jan. 22 15 25 3634 Mar. 22 37 Jan. PRICES AGGREGATE SALES, NEW YORK In Jan. Shares. 10 7% Milk 200 Class 35 56,590 5,400 200 100 5,500 4,400 - 550 ....—...25 A 3,850 preferred A 5 Sale 1 3 Sale Sale 2 1 1% 1% 2 X U Sale 1 15 % 22% Sale 28% 22 % 13"" "15% *l6"" "12% % 2 5% Se)le 64 34 % Sale -.* 60 2 1 3% 54% 1-16 30 34,200 11,000 % 2% 6% preferred 100 100 - *32 Sale Sale J32 Sale 2% Sale Reliable Stores com v * t c * * com % 22,100 5,500 6,600 3,350 * 19,300 Reliance Management ..... * 73,200 Republic Gas Co 10 25,950 Reybarn Co., Inc * 21,900 Reynolds Investing com 900 775 % X 1% 1% May 27 1% May 2 2% May 2 18 28% May 12 6 28 5% May 16 13 May 5 1% May 27 May 6 IX May 27 May 28 May 26 X May 2 5% May 16 10 May 23 Class 1 May 16 2% May 31 May 26 3io May 3 1 % May 26 xs2 May 2 2% May 6 May 15 Bi« May 1 May 16 3% May 14 May 24 % May 3 2 May 2 x32 May 2 2% May 10 54 ,80 May 4 May 26 2% X Sale % 2 May 2 % May 1'9 % May 2 3i e May 10 2% May 21 % May 5 % May 2 3ic May 10 May 12 14" May"l2 % 12% 10 20 % Sale % Vs 1H % % 13i# 2 1% 17 X IX % 100 33 700 1,500 1,600 * 2 8 50 * * _.* 1 Sale % X % X May 11 % May 5 X May 2 % May 9 1% Sale 1 Sale 26,200 1,850 167,200 St Regis Paper 150 210 7% preferred Safety Car Heating A 1,100 Schlff Co Co Ltg.100 10 100 com 200 Schulte Real Estate Co. — 50 Scoville Mfg Co.... — — 1,700 10,400 tea * Util Shares, com..* board % % 12% Sale % 5 % 0% 3 14% 30 8 10 1% % e Sale 20 20 20 28 2 13 26 24 9,100 1,500 2,400 Selberllng Rubber com * 1,500 Selby Shoe Co com... ...* • 63,000 Selected Industries com Allot certifs full paid. 26,300 9,250 %5X prior stock ._._.* * 33,400 Sentry Safety Control.. 200 9,400 8.2QQ 3,40„ 3,100 14 3% Sale 2% 2X 1% Sale 20 5 15 IX 1 X May 20 1X May 26 20 ..." 1 Yx 1 — m — — — — "3 Yx 1 X May 18 May 5 3ie May 2 % % 4~ Signature Hosiery com vtc..* Silica Gel Corp com v t c * 8,200 Pub Co conv pref 1,500 * 10,305 Singer Mfg ..100 Singer Mfg Ltd £1 Am dep rets ord reg shs 3,700 1,850 Slsto Financial Corp * 6,940 Smith (A O) Corp com * 100 500 500 1,400 170 70 Sale 1 Sale X IX Sale Sale % 30% % Sale May 21 8 2% Sale 1 Sale Sale Sale % Sale 29% Sale 30% Sale 4 "14"" 25 IX 8X 2 Sale 7* 24% 20 Sale Sale IX 1UU 200 IX 125 5 11 10 % ...... Sale 5X % May 5 2 24 May 25 % May May May X May 29% May 30% May % May 2% May 10 May % May 6 May 1 8 21 Sale % V % Sale 106 7 5 Sale 4 Sale 40 500 2,200 May % May % 20 75 Sale 1% Sale 3% 5 11 14 100 «. m m « —' Starrett (The) Corp 900 Stein Cosmetics Co — IX X 100 1% Sale % 1% Sale 2 26 31 27 31 31 13 27 21 7 27 6 21,100 400 * * * 3,700 Sun Investing Co com Taggart C >rp com 5,900 23,600 Tastyeast Inc class A 22,000 Technicolor Inc common 1,100 9,300 5,600 .. • 900 300 5,600 Tobacco Secur Trust Co "i"80j 1,800 Trans-Lux > 6,300 Class •otnofees aee page 53. \ * Jan. 22 1% Jan. 14 Jan. 1 11 3-16 May 10 Jan. 27 8 Mar. 2 26 Jan, Mar. Jan. Feb. Feb. Apr. Jan. 26 2 26 24 29 6 Mar. 26 Jan. 14 Mar. 21 Feb. 5 Jan. 26 7 Mar. 1-16 Jan. 4 Jan. 18 Apr. 4 Feb. 5 % 2% xl3% 1% % Apr. Apr. May X Apr. % Apr. 2% May 14 May 2 Apr. 7 Apr. Feb. 25 Jan. 28 Mar. 17 Jan. 6 % Jan. 12 1 8 8% Mar. 30 Feb. Jan. 25 16 9% Feb. 4 38 3 11 31% Feb. 29 5% Feb. 19 50 Apr. 25 16% Jan. 29 X Apr. 6 18% Mar. 30 % May 19 18% Mar. 30 1% Jan. 25 14 May 20 1% May 26 20 May 21 Feb. 4% May 31 4% Mar. 30 May 25 % May 2 1 May 26 8 May 31 % May 27 28% Jan. 4 28 Apr. 14 % Apr. 2 2 1 % Jan. 7% Jan. 24% May 6 19 10 Jan. Jan. 14 2 Jan. 12 Jan. 26 Mar. 10 1% Jan. 45% Mar. 2 10 14 9 Mar. 17 42 2 1 Jan. 27 3 Feb. 19 May 21 % Apr. 4 May 27 20 Jan. 20 2 Jan. 11 2 10 26 29 21 Jan. 12% Mar, 9 6 May 6 34% Jan. 99% Jan. 13 100 Jan. 19 75 18 16 25 3-16 Jan. 18 % Apr. 5 1% Jan. 15 May May 3 9% Mar. 14 May 25 134 Jan. 11 5 May May 3 May 25 106 1% May 4 May 12% May 108 May 18 % May 26 75 1% May 18 2 4 Apr. 81 5% 12% May 25' 59 May 10 109% 3, 108 1% May 4 4 May 16 25% May 9 10 109 May 1% May 2 4% May 27 X May 18 X X X X X 1 5 75 % 1 2 9 7% X IX Sale 3 IX % "X ""3r 10 3X 4% 11% Sale 1 IX 22 24% '~2% "4% 10% 1% 11 IX 19% 2% 9X % .... May 12 May 10 May >10 "4% 9% 1 18% 7% May 2 X May 3 5 May 25 3 May 24 9 May 6 1 May 23 18% May 27 18 Sale 14% Sale 20% 2% Sale 3 20 Sale 3% Sale \X 2 16 2% Sale 21 $ X Sale 2 1% % 1 % 2% 7% 12% 1% Jan. 8 19 30 Mar .29 Jan. May 28 May 28 1% May 26 7 10 % Jan. X May 3 % May 20 19% May 17 6 May 23 24 May 21 5 % May 18 5% May 1% May 4 5 May 10 75 May 10 7% May X May 5 May 3 May 11 May 1% May 19% May 2 3 25 24 6 11 11 14% May May 2% May '""% Sale" % Sale 10 2K 19 m 5% 15% Tg " 18 2% 10% 1% 14 Sale 1% Sale 1% Sale 6 May 23 May 21 Apr. 19 9% Alar. 7 % Feb. 4 24 5 % Jan. 2% Jan. 8% Jan. 2 21 11 Mar. 23 Mar. 8 29 15 Mar. 30 9 Feb. 15 Mar. 29 4% Jan. 5 May 6 1 May 23 18% May 27 13% Jan. 2% Jan. 19 Jan. 18 Mar. 15 May 28 10 May 28 1% May 26 7 1 % % 1% 15% % % 3 2 May Apr. May Feb. May Apr. May 26 30 26 4 26 6 31 1% May 23 1% May 2 % Sale % May 31 1 % May 6 % May 31 \lA 11 11 Mar. 11 Jan. Sale 8% May % Jan. % Jan. 30 1 1% 10 6 May 17 1% Mar. 5 % Jan. 28 Jan. 8% Apr. 29 1% Apr. 30 May 17 1% May 23 8% May 15 15 80 9 5 Sale Ism % May 1% May 5 22 Jan. 5 18% May 2 % May 7 »u May 21 Sale * 14 Jan. 8 Jan. 14 Apr. 27 Feb. 4 3 2 2 15% May 26 % May 7 % May 31 \ 1 Jan. 1% Jan. 3 23 12 22 11 19 2 23 X Mar. May Apr. 75 Apr. % Mar. 7% May % Jan. 1 5 2 20 28 % Feb. 9 % Jan. 30 19% May 17 6 May 23 22 May 24 5 Apr. 19 4% May 27 % Mar. 22 1 % May 14 o *i6 1 3 May 26 X May 2 % May 26 ^ 2 Sale Sale 2X Sale 18% Sale Sale 2 1 % May 6 10 iviay ; Plct Screen common 3 Feb. % % % % % % Ltd Am dep rets ord reg shs..£l 2,900 Am dep rets def reg 5s 1,400 * 4,500 Todd Shipyards Corp. 67,800 Tran scon tlnen tal A1 r Transp* 100 *% Sale .* * 14 19 30 15 29 14 24 5 * 300 Tenn Products Corp com * 3,400 Tobacco A Allied Stocks....* • 3,300 Tobacco Prod Exports 115,200 Tobacco Prod of Del new w I. " For * ...25 145,873 Swift A Co 15 107,100 Swift International 4,600 Syrac Wash Mach B com...* 89,800 69,000 1,300 3.600 _.* $.1 conv pref. 200 Super Maid Corp A X * Stutz Motor Car Co 4,000 700 X 100 com " m Jan. May 5 May 2 May 7 May 14 May 2 34 May 6 35 May 12 % May 3 3 May 12 14 May 10 % May 2 7% May 2 25% % 1% 8% % 5 % May 3 % May 20 19% May 17 6 May 23 22 May 24 X X % % X X 945 Stroock (S) A Co 2,400 2% Jan. May Mar. Apr. Apr. Apr. 1% Jan. 1$ • 1,100 Stromb-Carlson Tel Mfg 100 200 6 May 26 102 Mar. 14 Apr. 18 103% Mar. 17 2 % * 275 Stetson (John B) Co com * 800 Stinnes (Hugo) Corp ....* 50 70 2 50 com b% cum pref.... 900 Stein (A) A Co com 200 6%% cum pref 100 12 5 27 120 lire 10U Stahl Meyer Inc common * 200 Standard Cap A Seal Corp..* 17,900 8,600 """900 Jan. 3-32 Jan. 4% * Typewriter v t c Snla Viscosa Ltd 16 % Jan. 1% Apr. 1-32 Apr. A Corona 1,000 Standard Holding Corp cl A.* 1,600 Standard Invest $5% pref..* • 14,400 Standard Mot Constr.. ' ' «• . May 26 3 2 21 2% Apr. 13 3-16 May 13 5% May 5 118 Am dep rets ord bearer shs. 2,000 Am dep rets ord reg shs..£l 1,800 1,200 «3n|egel. May A Stern 6 H pf 100 200 6 3 4 X May 19 Spanish & General Corp Ltd 300 52 3-16 Jan. 15,100 1,100 16 May 2% May 40 May 4% May 31 Sale Sale 1 4% 24 24% % Sale 4% % 500 ,Snlder Packing new w 1 Southern Corp com * 200 Southwest Dairy Prod com.* _ 800 Sale 100 Preferred Smith (L C) 1,650 10,900 4 1% Feb. 15 5% Feb. 15 65% Mar. 7 May 16 2% May 31 Boardman Simmons 5,615 X May 20 May 20 May 9 1 May 11 % May 13 4% May 11 18 May 13 1 9 Preferred, series AA....100 100 «. 53% 2% 30 X 20 com 220 1,600 Jan. 19 19 1 8 2 — 12% Mar. Apr. 20 11 5 1% Jan. 16% Feb. 1 2 15 % 1 25% 29 4,950 Sherwin-Williams Co com..25 1,975 — 10 25% 1,100 Sheaffer (W A) Pen com 12,755 Shenandoah Corp com * 20,500 6% conv preference ..50 500 3,100 7,100 Sale Sale 7 * 600 Seton Leather 200 11 . 3 May llYx Securities Allied Corp— 3"506 47% Jan. 20 19% Mar. 3 2 % May 25 Non voting stock 58,100 _._..* 2,000 Securities Corp Gen'l com..* * 7,300 Seeman Bros common 35,600 Segal Lock A Hardware com * 19,100 Feb. 16 Feb. 15 Jan. 4 Jan. 14 Mar. 9 28 14 29 23 23 X % % % 13% 4 13% .... X May May May % May X May 2% May 14 May 1 8 * 400 Russeks Fifth Ave Inc 275 11 May 13% Apr. % Apr. 5% Apr 10 May 18 1 1 May 11 Sale % % 34 Yx 200 Ryerson (JosT) A Son Inc..* 3,800 May 6 1% May 27 1 Sale X Sale 1 X Sale % 1% 12% X % * Common 1,000 7% conv preferred— 1,300 Rlke-Kuniler Co com 15,600 Roosevelt Field Inc 13,600 Rossia Internat Corp 2,000 Royal Typewriter com 4,600 Ruberold Co 100 5 1 Bros Co Richman 600 200 * Mar. 10 Jan. 8 Jan. 20 Mar. 9 42% 1% 3% 3% Mar. 28 1 Feb. 4% 15% % 10% 2% Apr. 22 May 28 *x6 Jan. 14 8 May 31 3 May 18 46% Feb. 15 102 Richmond Radiator 200 ■ Prices. 90 May 25 14 3 3ie 1 14 16 3 1 ..* B........ X Sale X 2% 18 3% Sale 14 Reliance Internat com A. 2,700 900 % 1% * 100 Reliance Bronze & Steel m Sale 2 1 ... 800 Reeves (Daniel) com 400 14% May 27 % May 10 9 May 3 3 May 18 70 Radio Products com 1,300 Raytheon Mfg, 100 m -m 80 100 .... 2,^uu Railroad Shares Corp com..* 900 Ry A Utility Inv Corp cl A.10 600 Rainbow Luminous Prod A.* 8U0 May 25 May 17 1 52 53 a Sale" 2% % 2 2% Sale 52 Sale 2 " 4 64% 370 Quaker Oats com... 300 2% May 2 14 May 28 % May 2 8 May 31 3 May 18 80 3 Sale Sale Prices. * Hosiery * 24,200 Prudential Investors com $6 preferred * 2,100 65,900 Pub Util Holdg without war * Cumulative preferred. 5,800 Warrants 94,000 2,700 Pyrene Mfg 10 6,600 1,400 6,500 1,800 May 25 Prices 11 38 32 19 McCallum Mill'' Co com 700 100 250 8 Highest. Sale Sale Prices. 14 1 Yx 2X * Partic conv stock Propper 2,100 2% Sale 13% 16% % X Lowest. Highest Lowest. Ask Inc— Prentice-Hall 200 Sale 19 Sale 10 IX 3 2% * 2,600 Pratt A Lambert..... 1,500 9 14 3 >°/4. 2% 50 Pitts & Lake Erie RR 400 Powdrell & Alexander. 100 2% 14% X 19 10* .......* * 300 Pie Bakeries Inc com.. 200 7% preferred .....100 * 1,000 Pierce Governor Co 60,000 Pilot Radio A Tube class A.* 22,800 Pitney Bowes Postage Meter* Con* 12,800 Pittsburgh Plate Glass com 25 3,400 Polymet Mfg Corp com., * 1,000 1,000 ■— 15- * t'hoenlx Securities Corp Bid. 8 10 new Ask Bid. 90 .._.100 pref 8,700 Philip Morris Inc 8,500 2,400 Bid. (Con.) Par & MISC. INDUS Pet Ask. May 31. 2. May 1932. 420 7,500 Jan. 2 1. Shares. RANGE SINCE JAN. 1. IN MAY. Price CURB EXCHANOE Since May. 43 CURB EXCHANGE YORK NEW 24 19 Mar. 15 2 18% Jan. Mar. 26 8 2 Jan. 6 Feb. 3 13 Feb. 25 S» 24 Jan. Jan. Mar. 13 2 2 % Mar. 8 % Jan. 11 9% Mar. 17 2% Apr. 7 18% Mar. 3% Jan. 2 8 2% Jan. 14 44 NEW YORK EXCHANGE CURB aggregate sales. PRICES NEW YORK CURB EXCHANGE Since Jan. 1. INDUS. MISC. (Concl.) Par 16,200 frl-Continental Corp Warr_. 19,400 Tri-Utillties Corp com. * Triplex Safety Glasa Ltd— Am rets for ord. shs. refi£l 4,600 600 Trunz Pork Stores Inc * . Tubize ChatiUon . Bid. Bid. Lowest. May 31. May 2. Ask. Ask Ask. Bid. Sale A May 3-16 Sale Prices. 4 5 A May 25 12 9 12 9 May 24 Sale v t c 39,300 » 10,100 Tung Sol Lamp Wks com,.,,* 2,200 $3 cum conv pref_. * VA 2 3A 15 A 5 20 20 24 ... Financial Corp." Common 1A May 14 17A Sale 434 5 "3 A Sale 19 A 17 3 A May 31 17 __ 8A 2A May 11 3 4 34 May Preferred... ....... 'lA 254 4 2A 150 11 12 *4 Sale VA Sale A 10 . May 14 May 6 35 May 14 May 6 35 2 May 13 2 May 13 2 8 3A 10 A Sale A Sale a Sale 1 2 A May 13 *i6 May 26 A lA 10 15 A May 25 May 25 34 May 11 1 May 2 10 • Class B 1 33 S Finishing Sale lA common 29 » S Playing Card com A 18 A 10 Reclaiming.. 32% 25 A Sale Sale H 253* May 31 33 A May 24 May 6 2H ::::: 1634 4 2 May 16 22 2A 24 6 1A 4 Sale 1A 2A Sale 25i VA A sale 1034 Sale Sale A 1934 1 2 M 13 A M Sale 124 11A """A'May 2 May 11 May May May May May May May May May 11 28 24 2 25 18 27 13 16 May 3 May 28 May 24 134 May 2 234 May 6 A May 18 1634 May 3 A May 10 1334 May 7 A May 12 A May 14 . A May 16 May 26 39 2 A 1A 2 A A 10 A 12 • 20 4 • 3 * VA Sale 7 Sale A 33 ♦ • * 24,100 Van Camp Pack com 3,700 7% pref .......25 26,100 Vick Financial Corp com..lit 700 Vogt Mfg Corp 500 Wagner Electric Co com 15 100 Wahl (The) Co common * 2,400 Waitt & Bond Inc class A._# 2,100 Class B__. ........* 7,400 Walgreen Co com • 2A 8A Sale" 8A 1A 6A „ 1A Sale A A 3A 2H a 2 A 5 3 A H Sale lA Sale 1A Sale 334 Sale 4 "lA 2 8 5 A A 3A 5 1 May 2 May 14 3 A May 31 634 May 54 May 16 A May 16 354 May 27 2 A May 21 54 May 2 54 May 16 May 20 234 May 4 9 5 1054 934 1154 VA 11 2A 934 VA 16 10A 3 10 A 2A 3 9 Sale May 28 May 31 May 17 934 May 13 1 yH May 20 934 May 12 2 A May 28 xSA May 27 A May 20 254 May 7 834 May 2 A May 20 9 1 9 ........ & Worts common ..' 1,900 New common.. 4,600 New cum pref. 6,600 Watson (Jno Warren) Co 2,000 Wayne Pump Co com.. 400 Convertible preferred . , * A 1 * Sale VA 3 834 Sale A '/ Ao 1 IB*!? 36" "37" 33"" 8 iH Sale 33 * common v tc Sale 20 15 10 20 1234 A May S3 3,400 Wli-low Cafeterias com.. * 600 Preference........,......* 2,900 Wilson Jones Co com UTILITIES 7A Sale 6A 1 9 H 10 l; 6 Sale 9 10 A 1A Sale *6 preferred 4 634 May 26 1 May 9 10 May 18 5J4 May May 16 9 47 Foreign Power * Preferred.... 1st preferred Assoc Ga» & Klec, $5 preferred 6,825 4,300 63,900 com ........ ... 1,700 2,600 500 Sale Sale Sale 34 Sale 34 A Sale *16 li« 1!* 3A 37A • 5-16 Sale 16 20 25 134 Sale 15 A Sale Sale l6" Sale' • 27 4% Sale 5634 "2"' "534 1A 4534 Sale Sale Sale "234 "5" 134 37 Sale Sale A 1-16 39 Sale 134 Sale 234 Sale 134 Sale' Sale 53 134 Jan. 25 12 6 Jan. 4034 Mar. 30 Apr. 54 Jan. 234 Apr. 60 Jan. 16 27 14 23 2 5 Apr. 9 34 Apr. 27 234 Mar. 3 Jan. 16 54 Jan. 22 4 30 Jan. H Mar. 23 Jan. 2 6 16 34 Apr. 11 34 Jan. 14 634 Mar. 23 5 Jan. 2 12 Jan. Feb. Feb. Feb. 14 19 19 Jan. 234 4954 334 1134 2 19 234 Jan. 7 May 20 Feb. 27 5 5 1034 Feb- 19 A Apr. 9 1134 Jan. 15 434 Mar. 18 1134 Jan. 14 134 Feb; 5 30 Mar. 15 15 Jan* 6 Mar. 8 34 May 634 134 10 7 May 26 May 19 May 18 May 6 1034 May 4 354 Mar. 12 334 Apr. 15 834 Apr. 19 54 Jan. 2 1 Jan. 3 Jan. 36 3< 851 Jan. 6 29 4 15 Mar. 8 5354 Mar. 2 . Apr. 34 Jan. 4 8334 Apr. 634 May 1 May 10 May 534 May 20 11 11 26 9 18 3 7 A Jan. 62 7334 May 6534 May 47 1834 May 11 134 May 6 *i6 May 3 34 May 10 74 34 May 25 134 May 26 1554 May 28 7234 May 23 10 May 31 18 May 27 May 6 May 6 May 3 May 6 May 27, May 28 2 May 3, 4634 May 9, 1834 May 9, 86 May 12 j 34 May 3 254 May 19 134 May 31 37 May 31 10 May 25 86 May 12 A May, 3 May 14 34 May 25 154 May 21 May 20 534 May 27 bo May 1234 May 2 * ,Telep Utilities. 134 May 25 79 98 9A 20 h Cables & WirelessAm dep rets A ord sh 5,800 see page May 5 May 27 May 27 May 10 22 cl A.._* £1 Am dep rets B ord sh....£l Am dep rets pref sb ..£1 1734 34 34 34 62 Int-bearing allot ctfs. Warrants.-............. 11,700 3,700 9 May 28 1 May 31 834 Apr. 9 9-16 Jan. 6 Mar. 12 6654 Mar. 29 54 Feb. 8534 Feb. 8 16 1054 Mar. 9 234 Jan. 16 20 Feb. 17 1034 Mar. 30 1054 Mar. 15 Mar. Mar. 4 Feb. 47 May 20 May 26 93 Feb 9 6 9 34 8 Sale Sale A "lA Sale 7 Sale 1534 Sale h 134 . 234 2754 7634 1634 18 334 AAA May 98 May 7 May 1534 May 79 May A May May *i6 134 134' 1A "lA 134 May 65" May 5 134 May 234 May 2 2 2734 May 7 634 May 5| 34 May 19 1234 May 25 134 May 14 6 79 May 6 31 10734 May 18 9 31 May 9 31 2034 May 4 10 79 May 10 7 6 7 34 May 18 *i6 May 18 134 May 7 Jan. 21 Jan. 18 34 Jan. 14 85 1754 Apr. 54 May 27 34 May 27 2834 Mar. 29 34 Mar. 16 6 2 434 Jan. 2 7234 May 26 27 Jan. 19 Mar. 3 Jan* A Jan. 434 Jan. 1 8 2 88 Mar. 31 27 5 Mar. 395 Jan. Jan. 134 Apr 6 1554 May 28 70 Apr. 11 885 19 7 14 Mar. 14 10 24 Jan. 26 Jan. . May Apr. 234 Feb. 134 Apr. 37 May 10 May 7 31 25 86 May 12 34 Apr. 29 4 18 1-16 Jan. 79 • 88 int-bear allot ctfs Associated 234 May 21 2 May 31 7234 May 26 Sale 2 * 1,400 Bell Telep Co of Canada..100 500 Bell Tel of Pa 6 34% pref.,100 188,887 Brazilian Tr Lt 8c Pr ord * 16,300 Buff Niag 8c East Pow pref.25 1st preferred... 4,600 For footnotes 18 81.60 275 Associated Tel & Tel 100 3h 36 H 4A * 200 Assoc Telep Co 81.50 pref 300. 59,980 2,300 Sale Sale 54 Oass A... 40 3,500 Sale A 434 86 cumulative preferred -.* 10 Appalachian El Pow 87 pref.* 252,100 Appalachian Gua com... * Warrants 4,200 370 Arkansas Pow & Lt $7 pref-- 25 Sale Sale 1 25 6 % preferred 25 900 Amer States Pub Serv class A 533,700 American Superpower... * II,600 210,600 245^ 2% 183* Sale 134 Sale 34 % H 34 * warr.. com Amer Lieht & Trac com 33,325 5,900 13 16 28 14 4 6 16 26 4 31 9 Feb. 34 Mar. 28 83 50 Amer Elec Power 86 pref May 20 May 26 62 __._.* -... 40,700 Class B. 43,766 Amer Commonwealth Pow clA Class B_. 34,000 50 86.50 1st preferred * 175 Amer Dist Tel N J pref 100 Amer 8c 271 10 Par Gas Corp * Amer Cities Power 8c Lt Corp Class A.............. 19,100 50 American Gas & Elec 2 2l< 34 Apr. 7 54 May 16 354 Jan. 5 4 3,600 Allegheny 102,000 498,600 2,700 41,900 2,400 27 47 I,621 Ala Power Co $7 pref.......* 800 13 Apr. 26 134 Apr. 13 20 9 134 Mar. May 26 854 May 26 May 2 May 13 May 6 5134 May 17 7 10 30 Youngstown Sheet 8c Tube pf PUBLIC 2534 May 31 29 Apr. 6 5 34 Apr. 48 75 W Va Pulp & Paper 6% pf_100 1,600 Williams (R C) tic Co • Woolworth (F W) Ltd— Am dep rets ord shares.. 5s Amer dep rets 6% pref_..£l 11 16 Feb. 16 20 1,600 West Virginia Coal & Coke_* 200 9 Jan. Jan. 10 May 31 May 26 8 A May 26 13 19 May 26 16 10 200 Westfield Mfg Co common..* 575 Westvaco Chlorine pref 100 127,300 A Apr. 34 Jan. 10 May 34 May 12 May 34 May 34 Jan. 6 Jan. 3 Apr. A May 33 May 134 Jan. 334 May Apr. 334 Jan. 10 May 26 834 May 26 33 49 May 2 May 14 May 18 May 28 5 6 7% 1st pref 100 Western Tablet 8c Stationery 500 2 134 May 234 Apr. 40 Jan. 5 254 May 28 854 Apr. 15 34 Jan 54 Feb. 234 Feb. 33 May 5 May 14 6 May 18 49 May 28 * Western Maryland Ry— 230 Feb. Feb. 2 13 Mar. 29 26 Mar. 12 1 18 5 . Mar. 12 Mar. 2 2A . 8,650 Welch Grape Juice • 2,700 Western Air Express Corp. .10 400 Western Auto Supply com A * 2,425 Western Cartridge 6% pref. 10 534 Mar 634 Mar. 2 May 13 1634 Mar. 10 34 Jan. 2 234 Jan. 8 173 Apr. 12 May 1134 Feb. 34 May 5-16 May 173 Apr. 34 May 734 Mar. 28 A Apr. 9 Walker (Hiram) Gooderham 42,200 27 54 Apr. 20 May 14 1?4 Mar. 31 1 20 * lOO.Universal Insurance Co 600.Universal Pictures 15,100 Utility Equities com 3,350 Priority Stock.. 7,900 Utility & Ind Corp com 16,500 Preferred... Warrants.. 2A • warr 800jU S Shares Financial 600 5 A May 28 A May 14 A Holding Corp.l 1st preferred with U S Lines Inc pref U 3154 2* 13 60 United States Foil class B__* U S & Internat Sec com * U S Rubber 3754 A May 24 May 6 5 6A 2] * U S Financial U 34 May 25 May 25 . U S Dairy Prod class A Jan. 10 * .....10 . Jan. 9 3-16 May 9 634 May 31 1-16 Jan. 154 Jan. Preferred 25 United Stores Corp com vtc_* United Wall Paper ...* .... 24 2 * 3,200 United Shoe Mach com....25 16,700 2,300 6,300 1,200 900 1,250 12,300 9,050 20,750 4,300 3,125 1,000 17 May 11 May 11 A May 26 dep rets for ord reg__£J United Porto Rlcan Sugar Conv partic pref 1,500 Unit Profit Sharing com 22 7 1ie United Molasses Go Ltd— 50 134 Feb. 5 334 May 31 16 Jan. 4 18 6A 35 2% 10 United N J RR & Canal Co 100 900 United Milk Prod com • 550 7% Cumul preferred...100 300 654 Mar. 10 1034 Apr. 4 . May 9 May 31 May 6 "634 Sale A Sale 754 __* 2,600 $3 cum par tic pref * 9,200 United Dry Docks com • 414,300 United Founders Corp com.* Am Prices. 134 Feb. 15 54 Jan. 15 434 Jan 23 9 May 24 534 May 1034 May United Chemicals Inc 300 Sale 4 7 2 1,300 Union Amer Invest com * 12,000 Union Tobacco Co com * 1,700 United Amer Utilities com..* 200 United Carbon Co pref 100 4,700 United Carr Fastener com..* 200 Highest. Prices. 34 May 34 Jan. 34 May 9 ""34 10 A Lowest. Highest. Prices. Corp— Common B 3,300 Ungerlcider RANGE SINCE JAN. 1. 2 1932. Shares. IN MAY. Price Jan. 31 13 62 May 14 A May 25 1M Apr. 8 57 Jan. 8 21 Apr. 8 5 Apr. 8 1-32 Mar. 29 1234 May 25 51 Feb. 24 134 May 25 Apr. May May 1554 May 78 Apr. 79 98 7 54 Feb. 3-16 May 134 Feb. 6$ . _ 59 Jan. 8 46 Jan. 25 11 Jan. 8 34 Jan. 13 1234 May 25 5234 Feb. 16 1134 Jan . 4 22 100 31 112 1354 31 31 2234 13 84 11 6 4 14 6 3 33* Jan. 4 454 Jan. 8 Mar. 14 42 Jan. 7 86 May 12 54 Jan. 8 1-16 Jan. 4 8734 Jan. 12 7 Feb. 23 9 454 Jan. Mar. 9 Mar. 23 Mar. Feb. Mar. 7 27 8 54 Mar. 15 54,Jan. 154 Apr. 9 5 CURB YORK NEW NEW YORK Price CURB EXCHANGE Since Jan. 2 1. S fiares. ■ PUBLIC UTIL. (Coni.) Par 60 Carolina Pow & Lt $6 pref—* 17 preferred 6,000 Cent 100 Ask. Bid Ask. Bid. Bid. Lowest. Highest. Lowest. Sales Prices. Sale Prices. Sale Prices. May 31. May 2. 1932. 150 RANGE SINCE JAN. 1. PRICES IN MAY. AGGREGATE SALES, Jan. 45 EXCHANGE Ask. 76 * Hud G A B ▼ t c... * 1534 14 1254 16 1254 13 15 1334 May 26 May 20 6% preferred 100 10 Cent 111 Pub Serv $6 pref * 20 Central Maine Pow 7% pf.100 100 Cent Pow 8c Lt 7% pref 2,700 51,000 Class ♦ A % Sale 1H Sale 34 Sale 25 96 prelerred...,..i^..*p* 900 Cent 6c Southwest Utll com.* 50 400 103,100 125 100 200 25 500 |7 Prior Hen preferred 97 preferred _ Jan. • * Central States Electric com.* lh Sale Sale 1 8ie Sale 8 7% preferred 100 6% pref without warr_. 100 Conv preferred 100 Conv pref opt ser 1929__100 3,150 Cities Serv Pr 8c. Lt 96 pref—* 97 preferred 1,950 ..* * 12,900 Cleveland Elec Ilium com 350 6% preferred 100 Columbia Gas & Elec Corp— 9,200 5% Conv preferred 100 Columbus Ry Pow & Light— 75 6% 1st preferred.. 100 100 108,195 Commonwealth Edison 34 May 20 May 11 454 May May *18 May 23 May 11 May 2334 May 95 May 4 54 % 2334 "26" Warrants 18 Sale 20 2454 40 Sale 2 May 11 May 454 May 27 May 27 *i6 May 20 34 May 4 37 May 11 2434 May 12 9634 May 9 27 27 20 28 31 4 19 4 23* Ik Jan. 14 1934 Jan. •454 Jan. 29 55 Jan. 2934 Feb. 254 Jan. 21 20 8 11 6 6 27 1034 4 27 30 ek* 28 60 56 31 14 30 21 103 May 4 40 May 31 May 27 May 6 60 60 May 27 Apr. 14 122 5434 34 34 Sale 34 34 May 5 34 May 27 4234 54 Sale 134 4234 May 31 154 May 9 5334 May 134 May Sale 4034 May 31 52 May 17 May 26 50 May 50 54 May 54 May Sale 15 11 2 18 60 Sale 73 14 Jan. 63 6954 Sale Jan. Apr. 29 Mar. 1 Jan. Fob. May 27 54 34 May 31 4034 Sale 1234 Apr. May 8 May .6 Apr. 434 May 4 May Apr. May May Apr. Apr. Prices. Feb. 3 Mar. 18 4 May 31 40 60 116 80 75 Jan. 34 Mar. 26 Apr. 1934 Jan. 13 Apr. 34 May 54 May 34 May 34 May 10 6934 Apr. 18 8134 16 1254 Apr. 20 100 Apr. 29 100 6534 Mar. ■ 6534 Mar. 29 83 9454 70 100 Cent Pub Serv of Del com...* Feb. Highest. Sale 90 13 15 25 14 May 11 Apr. 6 Mar. 17 May 27 Mar. 18 Jan. Jan. 19 Feb. 15 16 Jan. 11 Mar. 9 May 27 Jan. 14 54 Jan. 156 Jan. 12 Commonwealth 8c Sou Corp.. Warrants 397,400 7,754 Community Water Service..* Compania Hispano Amer 25 Electricidad 37 151 pr pref Duke Power 5,400 Eastern Gas & Fuel Assoc..* 325 Co. 45 * 734 6 9 334 Sale 97 preferred A 3 34 May 154 lh 54 134 Mar. 15 154 May 9 34 Apr. 20 4034 May 31 9934 6934 254 34 76 Jan. 12 Mar. 7 Jan. 14 Apr. 20 Jari. 16 9 45 7334 Jan. 14 534 May 9 May 3 134 May 13 27 39 39 May 3 May 20 39 "2~34 ~~2X 1 * Convertible stock • 20] 31 17 Sale Sale 254 Sale 1234 39 34 Sale 554 Sale 20 3 a 280 Edison Elec Ilium (Boston) 100 918,600 Elec Bond & Share new com.5 66,900 |6 preferred 95 cum preferred * 31,100 4,100 Elec Pow 8c Lt 2d pref A * 40,000 Option warrants 100 Empire Dist Elec 6% pref. 100 4,450 Empire G 8c F 7% pref....100 1,950 8% preferred 100 25 6% preferred 100 50 634% preferred 100 5,900 Empire Pow Corp part stk..* * 1,800 Empire Pub Serv class A 11,000 European Elec Co of Can A.10 .... 54 34 45 34 Sale Sale 66 40 434 234 534 26 Sale 3434 Sale 1834 854 134 Sale Sale Sale Sale Sale 1034 Sale 10 Sale 19 May 254 May 140 May 1354 May 3934 May 35 May 1834 May 254 May 20 May 30 May 39 May May 154 May 135 May 554 May 19 May 17 May 734 May 134 May 16 May 6 May 7 May 16 6 2 6 10 9 10 10 11 954 Sale 22 034 3 Option warrants 13,433 334 May 1 x a Sale 754 11 3i 154 154 Sale 1 34 Sale 50 Sale 15 475 Florida Power 8c Lt 97 pref..* 854 Mar. 16 May May 68 Jan. 354 Feb. 29 16 Feb. 29 2234 Jan. May May 25 Jan. 11 14 534 Jan. 14 May May 195 May 17 May 734 May 134 May 16 May 6 May 7 May 62 54 135^ 10* #38 ...... 17 May 26 17 .* ; 12 42H May 31 1734 Jan. 1734 Jah. * $6 preferred B Eastern Utll Associates 15 37 7 9 1 1 100 6% preferred Eastern States Pr com B 575 7,010 9,200 54 .100 ' 225 Sale 154 2 52 34 100 2,375 22,000 Sale 4 * t c 800 Cont'l G & E 7% Mar. 15 9934 Jan. 5.000 Consol Gas Utilities class A.* v 1 34 Apr. 7 34 May 27 (Chade) 64 34 Class B s 54 154 134 25 Conn Lt & Pow 6H% pref. 100 Con Gas E L 8c P Bait com..* 39,800 200 ®i 9-16 Sale Sale 1734 May 26 754 May 27 34 May 11 1 May 31 34 May 25 3354 May 28 1734 May 26 10 May 6 34 May 11 134 May 31 34 May 13 50 May 2 434 May 27 1054 May 31 May 31 62 22 Jan. Feb. 45 Mar. 6 20 Jan. 7 7 14 19 9 14 May 10 4654 Jan. 17 5234 Mar. 29 Jan. x38 1734 May May ;a Mar. 3254 Mar. Jan. 15 1734 May 26 18 Jan. Mar. 3 3-16 Mar. 1 3 Jan. 9 2 54 Jan. 7954 Jan. 13 May 34 Apr. 3334 May Gen Gas & Elec— 96 6,250 cum conv pref B ser * 400 General Pub Serv 96 pref * 50 Gulf States Utll 95.50 pref..* 100 96 preferred * 10,900 Hamilton Gas Co com v t c.l 325 Hartford Electric Light 25 25 Illinois Nor Util 6% pref—100 Illinois P & L 96 pref......* 3,175 277 6% preferred. ......100 Indianapolis Pow 8c Lt— 6 25 1,375 1034 6854 82 Sale 47 * 1,680 Georgia Power 96 pref Sale 15 34 May 2 1234 May 24 May 4 47 • 50 60 32 34 . 34 1 H 34 37 57 45 44 4534 20 28 43 55 23 55 15 50 Sale 65 48 34 Sale 34 May 11 May 25 37 34 May 11 May 25 44 4234 May 11 May 3 May May 45 45 3 3 May 14 1634 May 12 4 100 Class 64,800 * B__ 150 $7 prior preferred * Warrants for class B stock 5,600 • 1,470 Interstate Power 97 pref * 25,900 Italian Superpower cl A Warrants 3,500 250 Jersey Cent P & L 7% pf__100 Kings County Lighting 25 7% pref series B ...100 50 5% preferred series D 100 .* 20,000 Long Island Light com 1,080 7% preferred 100 25 9334 Mar. 8 4054 Apr. 11 Apr. 1 9334 Mar. 8 6354 Mar. 10 6154 Mar. 22 40 s80 100 34% cum pref Int Hydro-El 93.50 conv pref.* Class A stock purch warr.. * 16,800 Internat Superpower * 8,500 Internet Util class A 434 May 27 1034 May 31 May 31 50 Jan. 14 55 Apr. 5 34 May 11 37 May 25 47 10 1234 634 Sale 134 Sale 34 434 354 134 4J4 6 Sale 434 234 % Sale Sale Sale Sale .34 34 Sale 54 1934 54 54 Sale 34 34 Sale *i6 34 34 14 57 May 28 May 31 7354 May 25 15 May 5 May 19 Sale Sale Sale 14 14 May ,4 5 34 Apr. 334 May 28 234 May 31 May 31 May 3 1-16 May 7 1734 May 28 34 May 31 34 Mar. 11 57 May 28 31* Jan. 6134 Apr. 14 May 7354 May 68 Apr. 100 Jan. 85 750 6% preferred series B ..100 50 Los Angeles G&E 6% pf_.100 Jan. 50 Jan. 21 14 6534 Jan. 27 . 1 Jan 5554 Jan. 9 s80 14 97 100 193 93! 11 17 4 3 3 20 May 28 57 88 May May May May 34 May 20 34 May 34 May 534 434 154 31 334 May 28 234 May 31 % May 31 31 May 3 hs May 7 1734 May 28 34 May 31 Jan. Jan. Feb. 13 50 82 18 6 7 Jan. 9 2354 Feb. Apr. 5 id 8 Jan. 8 14 Mar. 11 3 Jan. 51 Apr. Jan. 5254 Jan, >0 16 7 2 Jan. 18 21 Jan. 15 7554 Apr. 29 26 97 Ill 6234 31 1954 25 101 18| 86 19 100 Jan. 26 Apr. 11 Jan. 8 Mar. 10 Mar. 11 Jan. 19 534 Jan. 134 Feb. 16 134 Feb. 13 Marconi Internat Marine— 300 19,400 Communication Am dep 2,300 104,700 Marconi Wlrel Tel of Can ret 1 Ltd Marconi Wlrel Tel Am dep rets ord bearer shs. 100 Mass P & L Assn 92 pref * 200 ■ «. tm — 3,700 2,825 2,000 19,400 T3~,IO6 417,700 6,400 534 6 % Sale 54 434 May 11 34 May 2 434 May 10 33 May 25 434 May 10 34 May 25 34 Sale/ Sale Sale Sale Sale 134 May 31 1554 May 31 254 May 4 134 May 1734 May 3 May 2 7 9 134 May 31 1554 Apr. 29 254 May 4 Sale 34 May 31 34 May 3 7534 Jan. 34 Apr. 11 £1 * Mass Utll Associates v t c 6,675 5% conv preferred.......50 ._.* 12,500 Memphis Nat Gas com 154 4 1 2 234 154 Sale 254 "T 134 1554 254 54 Sale 54 334 1 134 Feb. 334 21 '434 "5 13 Mar. 26 21 Mar. 26 234 Jan. 23 8 Jan. 19 534 Jan. 14 Metropolitan Edison Co— 50 96 pref series C ..___..* Middle West Utll com 96 conv pref 400 A B 554 Sale A........* 35 warrants 7 75 May 28 65 May 23 Jan. 16 14 5134 Jan. 34 Feb. 34 Mar. 8254 Jan. 13 17 15 25 95 Jan. 30 1534 Jan. 8 18 2334 Apr. 26 26 88 May 23 105 Jan. 19 82 20 Miss River Power pref 100 1,675 Mohawk 8c Hud Pow 1st pref.* 100 7534 Jan. 3 Apr. 1-16 Mar. 1-16 Mar. Sale warrants 300 ser 65 Apr. May 28 Monongahela West Penn 400 """ioo Pub Service 7% pref.. 1,000 Montreal Lt Ht & Pow 25 16 22 34 com. 100 6,300 2,950 1,000 21,300 5,000 Nat Elec Power class A 2434 May 5 8934 May 26 2434 May 5 88 May 23 110 Mountain Sts Tel & Tel.. 100 20 10>4 Sale 134 34 3 134 ,134 May 26 134 May 26 134 Apr. 8 Apr. 27 Apr. 2 1034 Jan. 2 Jan. Jan. Feb. Jan. 20 14 Nat Power 8c Light— _ _ 96 cum preferred— Nat Public Service com cl A.* preferred —... 200 93.50 L"—- 760 7% preferred conv 10 Nev-Calif Elec 50 1,300 107,800 1,300 9,000 1,200 200 common 75 N Y Pr & Lt $6 pref 50 900 * 65 34 7 13 Sale 9 30 5634 134 Sale 434 254 Sale New common... Class A opt warrants Class B opt warrants Class C warrants For footnotes see page 53* May May 72 9 Feb. 2334 Sale 100 108 * 5834 111 Sale , 10954 Sale 434 Sale 15 11-16 Sale 254 Sale Sale 68 May 2334 May 8734 May 8134 May 66 May 35 May 108 May 334 May 1034 May 34 May 54 May 34 May 108 334 1054 *i6 Sale 1 54 Sale 54 Sale Sale Sale Sale Sale 15 50 Apr. 100 7% preferred ......100 * 10,000 N Y Steam Corp com.... 100 5,600 N Y Teleo 634% pref 10 509,800 Niagara Hud Pow com 2,900 52,300 10,500 4,300 May 6 254 May 31 Mar. 850 ' 62 4334 May 26 134 May 16 .....100 75 7% preferred 100 5,500 New Eng Pow Assn 6% pfd 100 800 New Engl Telep 8c Teleg—100 50 1,120 475 ..* 25 70 68 May 39 May May May May May Apr. May May Apr. May Apr May 25 May 3 8754 May 23 8134 May 13 9034 May 11 42 May 4 11134 May 11 434 May 2 1334 May 9 5-16 May 2 1 May 2 34 May 26 ■ 6 22 Apr. 29 Apr. 28 5954 Jan. 15 115 Jan. 16 85 Apr. 9 100 Jan. 21 Mar. 55 5 115 Feb. 6 734 Jan. 14 1434 Apr. 27 Feb. Jan. Jan. 19 14 2 NEW 16 YORK EXCHANGE CURB NEW YORK Jan. May. Shares. 1932. (Concl.) PUBLIC UTIL. 400 Nor Amer Lt & Pr 300 350 1,700 750 Par 50 • com... Bid. Ask. Bid. Ask. 9,800 4,600 1,060 7% preferred .100 Highest. Sale Prices 6 May 25 X May 28 8 May 11 May 31 48% May 31 May 16 X May 28 51 X X % X 49 75 WM 45 56 95 42 Sale 48 X Sale Sale 42 6 300 1,200 Feb. Apr. 85 Jan. 96 33,300 Pacific Gas A Elec 1st pf. .25 5!^% 1st preferred... 25 Sale 23*j Sale 20% Sale 3X May 27 20% May 28 3% May 27 23% May New first preferred... * 1,200 100 Peninsula Telep Co com * 1U 7% preferred....100 * 1,900 Pa Gas A Elec class A Pa Water A Power 10,340 5,600 Philadelphia Co * of Nor 7 87 5% 7 5 6*2 4X 6 5 May 19 May 16 May 26 7 May 19 May" 87 45" "51% 42" 42% '35% "40" 40 May 6% May 17 16 5% May 42% May" 10 May 100 _* * 15 10 10% 5% ""200 1,000 200 6 50 50 1,500 2,100 2,000 650 700 400 1,300 3,500 Sale Sale Sale 25 21% Sale .... 17% "15" T18"r ..... Sale 6 5% 1 Preferred % Sale 19 21 10 Sale 17 21 10 12 • ..... 55 70 38 8 Sale Sale 9 8% Sale * v t * c com. Swiss-American Elec pref.100 Fampu Electric Co .* 350 Tenn Elec Power 7% pref.100 1,900 3,100 100 46,500 7,500 21,400 24,700 23 32 X 22 X Sale 85 Sale Sale % 30% 19% 1 Sale Sale 10,400 100 25 United Lt A Power 500 "3",356 270,900 30,400 60,100 $6 U cum 1st S Elec Pow 70 Utica Gas 113,7 7 1,100 200 50 14,000 1,700 50 3% 2 com with warr.* & Elec 7% pf___100 Util Pow & Light com Class Bet c * * ... 7% preferred 150 West Massachusetts Cos 1% 1% Sale Sale "IX Sale" 28% 50 % 6% Sale Sale ~X Sale" % X 1% »ie 29% % 3% Sale Sale 3A Sale 21 39% Sale 1% Sale 24 11 X Sale 14 X Sale 100 95 %. X IX Sale 3% X 18 Sale 4' _* 85 100 100 West Texas Util $6 pref * 400 Winnipeg Elec Co com * 20 Wisconsin P & L 7% pref.100 FORMER STANDARD 10 Jan. Feb. Feb. 5 ' Mar. 6 1 2 Feb. Apr. Jan. 4 14 Jan. 8* 10 15 56 May 13 56 May 13 May lb 21% May 25 20% May 23 17 ^ May 31 25% May 21% May 21 May 19 5* May 24 May 12 May 16 May May % May 8 May 7% May 20 May % May % May 30 May 19% May "6~"~May"25 May 24 24 103 May 16 19 40 3 X May 10 10 May 2 16 May 5 28 10 May 2 26 38 1% May 14 16 1% May 16 14 4 32% May 14 2 31 22% May 25 21% May 25 19% Apr. 20 17% May 31 2 % May 12 % May 20 22% Mar. 28 10% Mar. 11 Feb. May 1 % Apr. 20 Jan. 40 1% 1% 2% % 10% May May May May May 3ie May 1% May 31 31 14 26 31 24 26 2% 1% 2% 1% 31% May May May 14 May 2 May 7 5ie May 4 3% May 2 14% May 25 X May 2 li6 May 5 54% May 13 23% May % May 3 7 Me May 15 Apr. 8 % Mar. 21 % May 16 1 % Mar. 14 27% Jan. 14 25 Jan. 15 Jan. 4 % Jan. 14 2% Mar. 14 115 70 Mar. 14 Jan. 6 X Jan. 13 20 Jan. 12 20 Jan.12 r67 Jan. 3% Mar. 1% Apr. 51% Mar. 15 9 8 8 32 Jan. 19 93 Jan. 15 101% Jan. Apr. ; 14 22% Jan. 14 44% Mar. 22 35 May May % May 6 Apr. 6% Apr. 20 May % May % Apr. 30 May 19% May 23 Mar. 14 103 8 54% May 13 % May 3% May 26 6 14 27 20 5 6 15 May 14 26 May 16 83% May 20 May 24 1% May 23 % May May 15 May 24% May 83% May 2 1 106% 1% IX 2% % 10% 106% Mar. 10 4H Jan. 18 Jan. 13 53 Mar. May May Mar. May May May May Apr. May Apr. Apr. Apr. 85 Jan. 22 Jan. 100 Jan. 16 3% Jan. 13% Jan. 14 3i8 1% 5% 14% % 5 98 2% Sale Sale 13 % 100 150 Western Power pref. 9 2 Feb. Mar. 17 ..* pref li'A 96 Sale 46 2% Sale IX Sale Sale 3% * A 14 6 May 27 16% May 17 9% Feb. " 70 Stock purchase warrants.. 600 475 Utah Power & Light pref.100 "9:500 ""306 3 • Common class B com 10 101% Jan. Amer shs ... 17 96% Mar. Apr. May 13 90 * 3,000 United Elec Serv 267,100 United Gas com $7 preferred 33,100 Warrants 69.000 53 17 2o Mar. 17 25 Texas Pow & Lt 7% pref.. 100 40 Union El Lt & Pr 7% pref.100 11,900 Union Narural Gas of Can..* 37,600 United Corp warrants..... _ 2 16 15 15 Mar. 8 Jan. 7 6% May 31 Feb. 23 70 35 3ie * Participating A Standard Pub Serv 26 3 12 May 13 103 110% 115 common lb 14% Apr. 87 May 6% Feb. 99% Jan. 10 % Sale 1% 3% Southwest Gas Utilities _* Standard Power & Lt com..* Class B 12 5 6% May 31 cum 700 Southw Bell Tel 7% pref. 100 Sou'west G & E 7% pref.. 100 2,060 16,000 6,700 7,000 2,55) 6,900 1,800 6,450 9,800 Jan. Feb. 26% 24 * 14 93% Mar.l 3 97 Jan. 12 May 27 May 56 25 5,500 Southern Union Gas Feb. 21 6X 25 partic orlg pref..25 1,200 Southern Colo Pow cl A...25 17,700 Southern Nat Gas Co com .* Mar .[31 Jan.l 18 25 Seaboard Pub Serv $6 pref..* 160 Sierra Pacific Elec 6% pf 100 50 Sioux City G & E 7% pref. 100 400 Southeast Gas & Water com * Class A * 1.600 700 9 26% Jan. 23 6 May 27 16% May 17 1,300 Shawinigan Water & Power.* 4,000 Sou Calif Edison pref A Preferred B 24,200 17,800 5%% pref class C 14% Apr. 87 May 5 May 89% Apr. 38 Apr. 6% May 94% Apr. 60% Apr. 22 22 2,670 Railway A Light Securities.* 1,200 Rhode Isld Pub Serv pref » 5,600.Rockland Light A Power..10 Jan. 19 Mar. 15 Jan. 18 . ...100 ..* 27 28 21 23 88 120 49% Apr. 76% Mar. 26 113 67 Apr. 18 104 73% Mar. 26 99 58 48% Apr. 55% Apr. 4 100 6% preferred 7% preferred 24 97 Jan. 12 1 % Feb. 3 Mar. 7 May 19 .13% Mar. 64 111....* Com $100 par stock May May Apr. 91% Mar. __ * com 3 20 21 25 70 Puget Sou nd P & L $6 pf 20 $5 preferred 25 Quebec Power Go, com. 1,300 1,500 3,600 14 87 250 300 200 50 14 80 1,600 Public Service 1,300 19 Jan. 79 10 Public Serv of Ind pref... 100 50 Jaa. 83 94% Jan. 48 325 Phila Elec Co S5 pref... * 20 Power Corp of Can common.* 300 70 42 X __* 650 Pa Power A Light $7 pref...* i'306 Mar. May 11 May 31 May 31 % May 28 100 ..... Prices. Mar. 15 Jan 27 Jan. 27 49 May 54% May 70% May 125 Pacific Ltg Corp $6 pref. * 100 Pacific Pow & Lt 7% pref. 100 * 400 Pacific Pub Ser new com ""Id Sale 300 Oklahoma Gas & Elec preflOO 250 Okla Nat Gas 6%% pref..100 400 100 Highest. Sale Prices. 6 May 25 64 ""%'"% . Nor States Power com A.. 100 Lowest. Lowest. Sale Prices. May 31. May 2. Ask. 75 Norlnd Pub Ser 6% pref. .100 7% preferred ..100 6% cum pref.. 75 Ohio Edison Co $6 pref 5,100 Bid. * com Util Sec Nor Amer 1,400 125 ■: Jan. 2 1. Shares. 200 Price CURB EXCHANGE Since In RANGE SINCE JAN. 1. PRICES IN MAY. AGGREGATE SALES be Jan. 3% Feb. iH Jan. Jan. 13 19 14 12 Jan. 7 I7/ Apr. May 13 Apr. 24% May 83% May 22% Apr. 1 May 78 Mar. 14 Mar. 5 Jan 16 53 2 9 Jan. 61 Jan. 8 2 34 Jan. Jan. 29 14 90 Feb. 2 23% Apr. 25 3% Mar. 17 Mar. 22 78 Oil SUBSIDIARIES 400 800 900 """500 350 11,900 36,400 5,200 1,100 900 600 1,000 600 700 200 7,000 100 164,700 16,900 1,300 2,150 1,800 Borne Scrymser Co. 4,480 Buckeye Pipe Line 3,000 Chesebrough Mfg.. 30 Humble Oil & Refining__..25 Imperial Oil (Canada) * Registered * Indiana Pipe Line 10 National Transit New York Transit 12.50 Ohio Oil 6% cum 1,600 1,100 79 9 25 29 38 Sale 4434 45% 8% 8% 6% 7 7% Sale 7% 7% 8% 8 3 Penn Mex Fuel 3% 7% 3 70 70 65 5 6 5 8 9 8 .25 12 450 So West Pa Pine Lines 50 27 25 14*i 13% (lnd) Oil (Kentucky)..10 Oil (Nebraska) Oil 25 (Ohio) com..25 5% 150 7% preferred pref 800 Swan-Finch Oil Corp 100 cum OIL Sale 5% W2 26 32 Sale 65 7% 12% 35 28 16$ 33 Sale 10 Sale 10 10% Sale 24 20% 23 17 17 19 15% 26 % 30 24 Sale 73% 85 65 80 72 5 28 15% 10% May May May May May May May May May May May May May May May May May May 4 9 31 31 31 9 31 18 12 4 3 31 26 3 2 31 12 4 May 26 May 20 May 4 6 27 75 8% 26% 40% 8% 8% 3% 8% 3% May May May May May May May May 4 May 70 May 5% May 8 May 12% May 29 May 10 3 11 11 11 19 19 27 21 10 9 12 12 17 19% May 17 12 May 14 May May 26 7 4 9 75 2% "7 H "17" 7% 2% 3% 5% Sale Sale Sale 11 3 4% 7% 12 % 15% Sale Sale Sale Sale Sale Sale 3% Sale 3% 23% 36% 6% 6% 13 9 25 25 2 "1% May" 16 l%May"l6 12% May 23 12% May 23 Jan. 6 Jan. 4 35 Jan. 18 90 Mar. 30 Jan. 6 23 Jan. 16 49 60 76% Mar. 6% Mar. Jan. 4 Apr. 7% May 9% Jan. 28 May 13% Apr. 10 Apr. 10% May 15% Apr. 20 13 31 5 3 8 8 12 14 27 Mar. 8 9% Mar. 8 9% Mar. 2 7% Feb. 18 10% Feb. 19 4 Feb. 15 4% Jan. 27 10 Feb. 14% Mar. 37 Feb. 9 7 18 9 18 19% May 17 15% Mar. 8. 19 Jan. 28% Jan. Feb. 26 85 1% Apr. 21 11% Feb. 15 15 : 4 8% May 10 35 Mar. 3 36% May 31 6% May 31 6% May 31 3 Apr. 1 6% Jan. 5 2% May 18 3% May 12 80 15 15 4 24% May 12 53% May 28 26 % Jan. 6 7% Mar. 26 Jan. 2 12 16 9 Apr. 22 Jan. 12 STOCKS. 72,000 American Maracaibo 17,000 Arkansas Nat Gas com 106,500 Class A 13,600 Preferred.... 500 3 9 .25 3,600 Standard 10,550 Standard 36% 6% 6% 6 May 26 24% May 12 53% May 28 8 28 3% 3% 60 26 Sale 4% 23 8 ..10 Oil Sale 7 3 Southern Pipe Line.. South Penn Oil 575,100 Standard 95,800 Standard Sale 6 25% 53% 3 100 • » 2 % Sale 1 * 2 Sale % Sale 1% 1 10 4% Sale 3% 4% 4% % % % 2% Sale Sale Sale Sale X Sale % % % 2% May May May May 31 31 28 31 % 1% 1% 3% May 2 May 9 May 11 May 13 * com Preferred % Sale 50 British-American Oil Co 600 29 75 7 10 pref 200 Atlantic Lobos Co ""200 25 7 26 85 28 6 26* 6 34 Sale 6 31 75 * 10 Northern Pipe Line OTHER 16.700 3,500 14,500 3.500 25 200 Cumberland Pipe Line 50 600 Liquidation receipts certifs Eureka Pipe Line. 100 1,150 42,900 124,900 8,200 7,500 7,900 2,800 6,000 49,200 2,500 1,900 38,700 100 ""206 25 50 % May % May 31 2 % % % 2% % % Jan. May May May Mar. May 8 31 28 31 5 31 % 2% 2% 5% % % 6 Apr. Jan. 14 Jan. 14 Jan. 18 Mar. 5 Mar. 7 * 2,200 Coupon stock (bearer) 9,300 Carlb Syndicate com 9,000 Colon Oil Corp common 8 25 * 9% % % 7% % % Sale % 9 Sale * 7% Sale % % % % 7% May 26 % May 25 % May 25 7% May 13 % May 2 X May 4 7% May 26 % Jan. 2 % Feb. 8 9% Mar. 9 % Jan. 15 % Jan. 7 Columbia Oil & Gasoline— 4,700 2,500 3.000 1,500 28,200 Vot trust ctfs. 6,300 Conaol Royalty Oil 12,300 Cosden Oil Co common 1,600 200 20,300 200 1,000 500 275 22.100 For footnotes * * % Sale 1 '"% ""h "H "~X "% "'% Certificates of deposit Preferred 53. % May 26 May 24 % May 26 % May 26 % May % May 26 2 1% May 13 % May 13 % May 4 .100 105,700 Creole. Petroleum Corp * 4,300 Crown Cent Petrol Corp; ♦ 7,000 Darby Petrol Corp * 6,100 Derby Oil A Ref com • 1,7751 Preferred * 110,500 Gulf on of Pa ;..M oee page X Sale IX Sale 1 1 2 1X 2% Sale 2 '1% Sale' IX Sale 26 X Sale 1% 1% | 29 Sale IX Sale 2% Sale 2 Sale 1% Sale 25% Sale 2 2% May 3 % May 7/6 TVTa v 1% May 2 1% May 27 13% May 11 25% May 31 2% % 2% 1% 16% 33 May May May 18 May 12 May 5' May 10 Jan. 26 1% Jan. 13 1% May 13 % May 26 % May 26 Mar. 1 Mar. 12 2 1% Jan. 6 % Apr. 1% Jan. 1% May 27 13% May 11 25% Jan. 5 7 % Apr. 26 2% % 2% 2% 24% Mar. 12 Apr. Jan. Apr. Jan. Feb. 28 4 13 22 29 35% Mar. 31 NEW CURB YORK AGGREGATE SALES. Since May. Shares. Price Jan. 1. Shares. Jan. 2 1932. OTHER OIL STOCKS(Co»cL) Indian Terr 1 ,iun> Oil Co 400 200 1,900 65,500 "l",500 700 10,200 - 1.700.Llon Oil Refining...... 82,300 Lone Star Gas *i 200 5 494 2 H. 2n % M 9% Sale "A "5-16 2 4 894 . 3,300 Marti ay Oil 8,700 Mexico-Ohio Bid. Ask. Lowest. Highest. Sale Prices. Sale Prices. Highest Sale Prices- Sale Prices. Sale 2% 294 5 9% Sale "~94 ""94 194 494 1A 1A 94 Mo 2 Sale 234 May 17 Sale 8A Sale A 1A 3a 294 May 11 2 A May 25 5 2 xi6 2194 94 May 4 A. May 1094 May May 31 89* May 31 316 "AMay"~5 6 2A Sale 3 A May 31 May 11 294 May 27 4 94 May 2 He 1A May 28 294 May 17 294 May 25 4 He Ho Jan. 894 94 94 194 Co 2 ... 8.400 Michigan Gas & Oil Corp 494 8 He Jan. ~2M "6"' 3 "3 2 394 Jan. 6"" 2 194 Sale 28 Apr. 14 Jan. 14 May 5 May 28 394 Apr. 22 1-16 Sale 2 94 Oil Ask Bid. Lowest. May 31. May 2. Ask. Bid. . Non-voting class A • 1,700 Class B • 3,100 38,700 Intercontinental Petrol....5 253,500 Internal Petroleum com. » 3,700 Klrby Petroleum 19,600■Leonard Oil Development-.25 283,800lMagdaleoa Syndicate. 1,000 RANGE SINCE JAN. 1. PRICES IN MAY. NEW YORK CURB EXCHANGE In 47 EXCHANGE Sale "A "lA A 2 2 May 4 A May 31 Sale May 4 94 May 26 4H Jan. 12 494 Jan. 15 94 Jan. 11 108 Mar. 9 Feb. 26 94 Jan. 13 294 Jan. 5 994 Jan. 14 94 Jan. 5 6J4 Feb. 26 Feb. 8 2 Feb. 8 94 Jan. 2 2 Jan. 14 2 Middle States Petroleum- 1,000 100 2,100 Class A vot trust ctfs.. 6,600 Class B vot trust ctfs. 5,100 103,100 Mo-Kansas Pipe Line ( lluuu R #• ■i L. 8,000 5 1 P v 400 'Mountain & Gulf Oil Co 6,300 8,900 800 200 100 3,500 500 700 2,300 1,500 330 250 900 100 200 '""366 400 ... pref. a May 4 A May 17 A May 12 2 a May 6 8 a May 31 3 94 May 24 H 3% 1a A 3% As 16 94 2a 8A 2a Sale A A A Sale 94 a 3 a Sale he a A Sale 6 qa Sale 94 A A A 3A Ho a Sale 6 a Sale Sale 41 45 A ..... a 1 "J4 ""A 194 3 a A 194 32,800 ^unray Oil 2,000 Swiss Oil Corp.......... 13,700 Texon Oil & Land Co. 1,200 .... 37,000 Co *3 94 Sale "94 % 394 394 394 2 3 H He 7-16 594 Sale in 594 994 Sale y2 "94 94 6 94 Sale 4 94 94 694 94 4894 1 94 94 2 3 a May 26 Sale" "394 "3 3 H 25 a 11 34 14 i 3,100 Wood ley Petroleum Corp.. 19,200 "Y" Oil at Gas Co........ 3,600 1,675 3% 394 5 X Petroleum. MINING 3 28 9 11 12 21 27 16 3 20 13 19 May 24 May May May May May May May May May May May May May May 9 3 28 9 31 25 14 6 16 18 20 13 19 24 3 He Feb. 24 94 Apr. 1 94 294 894 94 A 94 394 1 Mar. Apr. May Jan. Jan. Jan. May Jan. 15 94 Mar. 17 Jan. 13 1394 Jan. 14 94 Mar. 8 1 Feb. 94 694 Jan. 8 Jan. 15 24 4 394 May 6i6 May May A May 94 Sale ig 2 94 A 4a Sale 894 ""94 Sale" May 894' May He May 16 794 a H a 94 May 4 194 May 9 94 May 13 134 May 9 A May 24 A Jan. 94 Feb. 7 94 Apr. 16 12 A Jan. 4 4994 Jan. 30 1 May 20 94 Jan. 6 Mar. 18 Apr. Feb. Feb. May May Jan. May Jan. Feb. 29 10 4 12 5 2 16 7 20 Mar. 12 Jan. 7 Jan. 12 Feb. 4 Jan. 21 1594 May 6 2 94 Feb. Apr. 94 Jan. 41 May 1 May 94 Apr. 94 Apr. ; 194 Apr. 94 Jan. 94 Mar. 94 Jan. 394 Jan. 6 94 94 494 794 94 5 May 12 May 5 9 9 20 14 3 20 26 8 6 27 17 11 4 e Jan. 6 17 12 31 29 2 4 11 1A Jan. 11 94 Feb. 16 Jan. 11 2 A 3-16 3 94 May 24 394 May 20 A May 19 5 Union OH Associates 100 Universal Consol Oil. Venezuelan H* 25 * 4,900 9"66O "94 Salt Creek Consol Oil .....lii 1,900 1194 94 94 94 May May May May May May May May May May May May "~a Sale" '""MMay3i "lA Mayl6 2,400 Ryan Consol Petroleum.. 1,206 94 Apr. 25 94 May 9 94 May 17 94 May .2 a Sale 1 % 500 Shreveport El Dorado 250 16 ..... .!!> 600 Root Refining prior pref..." 100 Royalty Corp partic pref—10 39,700;Southland Royalty 450 ¥■ He Jan. 294 294 10 a Sale 43 Corp 6" 500 1,700 A Sale 600 Richfield Oil of Calif pref 18,500 Salt Creek Producers 800 A a * 6,300 '4~206 294 Sale 1294 13 94 A A A Sale 94 A 3A 494 1-16 34 H 34 694 Sale 94 Sale 10« 250 Red Bank Oil Co. 11,700 Relter-Foster Oil A A A 1 20,600iMountain Producers Corp. 10 35,600|Natlonal Fuel Gas 12,600,New Bradford Oil. 5 l,200iNorth Cent Texas Oil 17,800|North European Oil com 17,200,Pacific Western Oil Corp... 9,400'Pandem OH Corp........... 5,100 Pantepec OI1 of Venezuela..* 77,500 Plymouth Oil 12,800 Producers Royalty Co 960 Pure Oil Co 6<7, A 194 A 94 194 Sale 94 Sale He 194 94 1 Feb. 2 May 24 94 194 94 494 194 394 94 94 694 12 24 Jan. 27 Apr. 28 May 24 Mar. 7 Jan. 20 94 94 2 94 Jan. Jan. 8 Jan. ! 19 Mar. 8 STOCKS Bunker Hill ft Sullivan.... 1® 23} 24 Voting trust certificates .10 17 J 20 6 2 1794 May 10 16 May 4 34 May 26 94 May 24 1594 May 15 May 15" Sale 15 May 2094 Apr. 20 Apr. 4 2 Bwana M'kubwa Cop Min— 900 1,400 ""606 14,600 13,000 American shares. 5s . 400 Chief Consol Mining 3,800 10 "766 3,700 Consol Copper Mines 345 Consol Min A Smelt Ltd 1,800 Copper Range Co..... 19,400 Cresson Consol GM& 40,500 Cusi Mexicana Mining "l'eoo 1,800 3,100 16,100 300 """166 3,100 ""166 4,700 3,800 400 1,100 32,100 22",066 1,600 100 900 13,200 1,300 12,900 25,100 3,900 24,500 ..I 25 A Kvans Wallower Lead.. Falcon Lead 5,600 18",900 "2^900 """266 3,900 6,900 100 A % May 25 a May 16 29 May 19 94 94 May 26 316 34 a A He His May A 94 May 11 494 Feb. 94 Apr. He 3 94 May 11 A 29 He Jan. Mining Co... .25 Ho 4 94 4% Hud Bay Min ft Smelt..... H1 n 4 •tlrkland Lake G M Ltd 5H 454 2H 294 Sale 4 A Sale 1A Sale Sale He 2a 3a Sale 4 1 Sale 294 £394 94 34 1 22 a Sale 2 94 May 2 4 94 May 10 194 May 4 94 May 19 1834 494 Sale 94 May 16 24 May 20 a May 16 2294 May 31 ... 25 .__.25 22 Sale 31,500 New Mont Mining Coro ...If 2,300 N Y at Hond Rosarlo M....10 9,700 Niplsslng Mln«-» 5 83,500 Ohio Copper Co 1 2,700 I'aciflc Tin special stock....• 1 207,400 Pioneer Gold Mines Ltd 16,600 Premtei Gold Mining 1 10 Sale 1,400 Quincy Mining ..25 6,700 Roan Antelope C Mines Ltd. 81,400 St Anthony Gold Mining 7,600 Shattuck Denn Mining ..1 * 5 1,900 So Amer Gold at Plat 5 54,300 Standard Silver Lead... _I 2,500 Sylvanite Gold Mines Ltd 1 82,000 Teck Hughes 1 1,000 Tonopah Mining 1 23,100 United Verde Extension....5 4,305 Utah Apex Mining Co 5 600 Walker Mining 1934 13 94 1 12 H 94 1-16 H 116 294 3 94 Sale 13 94 294 Sale 8 a Sale 12 a A Sale 13 a ll Sale 194 Sale "2A 2Vg Sale Sale ta "lA 3A Sale He 434 May 19 May 6 May 3 May 12 94 May 16 May 4 Sale 134 Sale 294 394 94 94 94 94 2294 94 1294 1494 494 1294 94 He Jan. He 3 May 4 94 May 2 94 May 17 494 May 2 He May 3 194 May 25 294 May 12 94 May 13 94 May 17 394 May 31 He May 3 194 May 6 May May May Apr. Feb. May May Apr. Jan. Apr. May May Apr. 194 294 94 94 394 Feb. May May May May He Jan.1 194 Apr. Apr. 94 Jan. 2 ~~H Sale H0 A Sale "A ""A He H 6 94 May He May He 94 May He May 3; 2 494 Sale 3 A ~2A 94 A Sale '2 A Sale A "2" Sale Sale A 1A "2 94 May"3ll" 2 May 21 A Sale Sale 294 ......5 94 May a May 2 May He May j 5 2 4 7 16 19 12 394 May 2 294 May 2 Jan. He May 7 4 Jan. 21 94 Jan. 14 394 He Jan. 8 594 Feb. 6 He Jan. 25 He Jan. 9 25 7 94 Feb. 594 Jan. 19 14 26 4 16 5 9 16 31 19 7 14 27 19 8 Jan. 25 5 294 Feb. 94 Feb. 25 12 13 17 31 15 Mar. 1 He Apr. 4 He Jan. 6 194 Apr. 15 He May 7 5 9 He Mar. 7 2694 Mar. 5 8 194 Jan. 17 1894 Feb 2894 Jan. 21 14 A Jan. 11 1494 Mar 2 . Jan. Jan. 5 11 294 Jan. 4 1 He Mar. 19 4 Jan. 9 294 Feb. 17 He 6 2 7 8 6 16 94 Feb. 4 He May 2 294 May 27 He Jan. 21 Jan. 2 Jan. 19 Jan. 9 Mar. 64 28 294 May 31 94 Apr. 11 8 194 Apr. "94 May" "5 94 94 94 194 5 He Mar. 28 H 3% 1 * 19 1494 31' 21 27i 894 19 1394 ..... 1 78,000 Wenden Copper Mining. 11,400 Wrlght-Hargreaves Ltd. May May May May May He May A Sale 6A 69< 1-16 Sale 1494 1894 494 1294 94 He Jan. He May 25 25 26 4 16 19 A .1 Vew Jersey Zinc Yukon Gold Co May May May May May 25 May 25 94 May May 194 Apr. 94 Jan. He Apr. 6 94 He May 94 May "AMay"l8 Sale Goldfield Consol Mines.... 10 Hoc I a 94 94 May 25 94 May 4 29 May 19 He Mines ..... 1,200 A Sale 65 4 94 100 Silver King Coalition.. """166 50 A He Feb. '""% Sale ..1 13,660 Lake Shore Mines Ltd 1,200 Mining Corp of Can 6,600 Mohawk Mining 24,200 A H Ho ...20 600 Iron Cap Copper....! 600 Kerr Lake Mines 900 % He 12.000 Holllnger Consol G M 58,300 * Sale ...25 700 Eagle Picher Lead Co 1,300 A A 1 Corns took Tun ft Drainage 10. Jan. 4 He Jan. 23 Jan. 20 Apr. 8 94 Jan. 2 94 Jan. 26 94 Feb. 5 494 Mar. 94 Jan. 494 Jan. 294 2 94 94 94 294 94 Jan. Feb. Feb. Jan. 13 Mar. 8 _ BONDS 10.000 Abbott's Dairies 6s... 139,000 14,000 17,000 29,000 13,000 I 1 ,uuu 278.000 169,000 48,000 21,000 27,000 82,000 98.000 598,000 52,000 124,000 927,000 65,000 133,000 301,000 150,000 1942 Alabama Power 4H§ 1967 at ref 5s 1st 5s 1951 185",000 113.000 202,000 28,000 13,000 164,000 10,000 86 Sale Sale 1,000 Alabama Water Serv 5s A.1957 1,442,000 Aluminum Co a f deb 5a_„1952 405,000 53,000 Aluminum 627.000 Amer Commonw Ltd 5s... Amer Aggregates 6s 96 A Sale ...1948 Amer Pow 6s. 1940 Gas at Elec deb 5a Amer Gas & Power 6s. . 11 .Sale 8394 Sale Sale 2 A Sale 47 .2028 ... 5s 6s 1939 1953 35 Sale without warrants..2016 76A Sale Amer Radiator deb 4 9*s.-1947 Deb s f 5s 1,167,000 1948 503,000 494% notes ......1933 216,000 Amer Seating 6a. 1936 47,000 Amer Solv 8c Chem 6s 1936 15,000 6%8 without warrants. 1936 1,129,000 Appalachian El Pr 5s 1956 Appalachian Gas Corp— Conv deb 6s 1945 803,000 Gonv deb 6s series B...1945 933,000 134,000 Appalachian Power 6s.. 2024 5s 1941 62,000 1956 1,229,000 Arkansas Pr at Lt 5s 22,000 Arnold Print Works 6s 1941 For other footnotes see page 53. Sale May 9 May 5 May 6 May 28 May 13 May 19 May 2 May 2 9494 Apr. 8 70 May 26 83 Apr. 13 75 May 21 91 Apr. 8 85 Feb. 61 May 19 May 6 May 23 Apr. 20 81 55 27 917,000 Amer Elec Pow deb 6a_..1957 3,687,000 345,000 Sale 90 70 May 26 n79 94 8494 May 26 90 75 May 21 87 98 95 May 3 89 94 May 4 9194 hi May 19 61 81 May 6 86 55 May 23 62 94 A...1943 Deb 5Hs 265,000 1953 135,000 Am Community Pow 5%8 1953 270,000.Amer & Continental 5S--1943 2,571,000 386,000 545,000 Sale 95 1946 1st & lef 5s 77 A 27 23 a Sale 63 Sale Sale 1934 64 34 Sale Sale Sale Sale "1394 Sale 41 Sale 91A Sale Amer Rolling Mills 274,000 299,000 44,000 10,000 Sale 7034 1968 1st 5s American Power & Light 579,000 32,000 "Sale' 62 A Sale 78a 9034 82 ..1956 36 Sale 48 Sale 3694 Sale 4894 Sale May 7 May 19 May 3 51 May 18 29 May 3 78 May 2 27 May 2 23 94 May 2 1994 May 31 6294 May 26 14 May 26 12 May 25 May 28 8394 May 19 63 May 9194 May 38 May 28 80 Jan. May 4 May 3 May 25 May 3 39 30 46 38 30 47 15 '7294 May"28 Sale 88 A Sale 3 Sale 3 A 3 Sale 8 Sale 5 80 Sale 7834 Sale Sale Sale 6794 Sale 194 May 16 94 Apr. 23 294 May 19 194 May 16 94 May 2 294 May 19 47 May 31 1994 May 31 6294 May 26 14 May 26 12 May 25 20 86 8 May May May 8 May 6794 May 4594 May 3 3 5' 96 28 2 28 3 31 27 !B 4 May 10 May 5 May 4 2094 May 21 49 32 8894 May 2 594 May 5 7 May 16 May 3 9994 May 20 71 7894 May 2 May 4 55 41 Jan. 27 9694 Apr. 8494 Jan. 9694 Jan. 91 Jan. 99% Jan. 9594 Mar. hi May 9894 Jan. 74 Mar. 4 15 6 9 22 12 19 8 40 Jan. 12 28 11 8 Jan. Jan. 12 19 Jan. 5 2 5294 Mar. 16 4294 Mar. 9 8894 Mar. 9 4594 Jan. 22 3794 Jan. 22 29 8294 Jan. 14 93 Apr. 25 May Apr. May Jan. 1594 Apr. 7294 May 4 30 25 67 76 47 7 22 294 94 5994 96% 6794 4594 29 28 28 30 31 27 20 15 Apr. Apr. May Apr. May May 19 28 Mar. 7 Mar. 10 Feb. 29 Feb. 18 2294 Feb. 19 92 Mar. 23 16 Jan. 26 13 A Jan. 28 Jan. 14 85 9794 Apr. 13 86 60 Mar. 3 Mar. 24 YORK NEW 48 CURB PRICES AGGREGATE SALES NEW YORK In May. Jan. 2 1932. 1. BONDS (Continued) Assoc Dyeing & 2,000 265,000 58,000 1,225" 000 15,000 1,552,000 347,000 2,000 983,000 84",000 May 2, Bid. Ask 1053 434s...1948 4^8 registered 1948 5s_ 1968 "3934 . . . - . . . ... 3934 37~ Sale Sale 18 Sale 24 Sale Sale Sale 3234 2034 Sale 18 Sale / registered 1968 5 Hs'...v..*......1938 5348 inv certifs reg 434S aeries C..........1949 434s C registered. 1949 5^S..................1977 Cony deb 5s..........1950 35" Sale" "2234 Sale "2034 Sale Assoc Rayon Corp 5s....1950 526,000 Assoc Simmons Hard 6 34 s 1933 45,000 Assoc Telep Co Ltd 5s 1965 1,423,000 Assoc Tel & Tel 534s A...1955 1944 2,814,000 Assoc Tel Utll *34* 2-year 6% secured notes.*33 195,000 1943 70,000 Atlas Plywood 5^s Baldwin 79,000 17" Sale' 1534 Sale Sale 21 39 Sale 1834 Sale Sale Lowest. Highest. Sale Prices, Sale Prices. 2034 May 16 3234 May 31 1734 May 25 22 May 20 4034 May 11 2034 Mar. 3234 May 31 25 Jan. 5734 Feb. 19 23 2134, May 17 43 Jan. 22 28 Mar. 28 ' 1734 May 31 2434 May 1834 May 16 2034 May 17 May 31 52234 May May 1734 May 20 21 14 May 28 2134 May Sale 20 2 17 6 17 12,000 48,000 18,000 13,000 7 38",656 100,000| 195,000 4,000 12,000 112,000 121,000 15,000 1,000 206,000 45,000 60,000 22,000 35,000 "8",665 53,000 240,000 341,000 17,000 380,000 455,000 244,000 14 May 6 14 3954 Jan. 33 Jan. 47 6 Jan. 9 14 May 26 1454 May 24 Apr. 2834 May 31 4034 Jan. 15 16 26 Apr. 1734 Apr 20 28 May 3 2834 May 2 8234 May 26 4834 May 2 35 May 3 49 May 2 34 May 3 20 . 67 J 52 J 48"" Sale Sale Sale Sale Sale 29 16 Sale 49"" Sale 26 37 Mar. 15 88 72 Jan. 6 Feb. 16 May 26 54 Jan. 16 May 31 May 28 77 Feb. 10 30 Mar. 28 90 60 81 8534 Sale 8734 Sale 86 > Sale Salo 85 88 Sale Sale 8534 8534 Sale Sale 594 93 Sale Sale 88 92 86 8534 8534 7834 7134 53 9534 Sale Majr May May May May May May 25 26 31 20 4 5 16 95 May 20 8834 May 3 88 May 3 88 May 5 81 May 12 74 May 7 58 May 7 95 May 23 9434 May 9634 May 24 9434 May 100 3 May 12 10034 May 95 5 May 28 9834 May 1933 May 12 May 20 50 95 4 May 4 96 34 May 9834 May 28 10234 May 10 10034 May 26 10134 May 20 3 10334 May 13 10134 May 40 65,000 12,000 Brooklyn Boro Gas 5s A..1967 5,272,000 Brooklyn Edison 5s E 1952 1956 60,000 Buffalo Gen Elec 5s 1st & ref 5s 1939 160,000 Sale 102 99 Sale 10234 Sale Burmeister 8c Wain Co of < 6 Jan. 78 2834 Sale Broad River Power 5s A..1954 4,000 Feb. 39 21 4434 Jan. May 2534 May May 26 1434 May 24 May 9 2834 May 31 16 May 26 26 May 31 30 May 28 35 8 19 25 534% notes ...........1933 1942 Without stock pur warr 7,000 81,000 Beacon Oil 6s with warr. 1936 1955 1,050,000 Bell Tel of Canada 5s 1st M 5s ser B June 1 1957 653,000 5s series C........^...I960 717,000 41,000 Binghamton L H & P 5s..1946 153,000 Birmingham Elec 434s 1968 1959 29,000 Birmingham Gas 5s Blackstone Valley G & E— 5s series A ...1951 12,000 58 series B. ..1952 179,000 5s.. 22,000 ^^4.4-.....1939 1947 106,000 Boston Consol Gas 5s 1,000 14 Apr; 9 May 31 May 28 Mar. 11 4434 Jan, 14 Apr. 60 92 May 25 Jan. 75 3734 Jan. 9 Jan. 23 Locomotive Works 68,000 Boston 8c Maine RR 6s 5.000 740,000 7.0001 11 Mar. 28 2034 May 26 1734 May 31 Bates Valve Bag 6s. 4,000 306,000 53,000 145,000 17,000 21,000 13,000 Apr. 17 Apr. '1834 May 16 30 Sale 45 2534 Highest. Sale Prices. : 28 58 389,000 128,000 10,000 248,000 381,000 68,000 33,000 Ask Sale Prices. Lowest. May 31. Bid. Printing— 1938 Assoc Gas & Elec 5,500,000 55,000 Ask, 6s with warrants 2,000 678,000 892,000 Bid. — Associated Elec 4548 5,974,000 17,000 1,439,000 53,000 6,528,000 5,000 230,000 53,0uu RANGE SINCE JAN. 1. IN MAY. Price CURB EXCHANGE Since Jan. EXCHANGE 60 Copenhagen 15-yr 6s..1940 10,000 Canada Cement 534" 1947 475,000 Canadian Nat Rys 7s 1935 315,000 20-year guar 434 s 1951 10,000 Can Nat Steamships 5s..1955 93,000 Capital Admin 5s A 1953 Without warrant......... 197,000 1956 1,145,000 Carolina Pr 8c Lt 5s 756,000 Caterpillar Tractor 5s_._1935 1960 132,000 Cent Arizona L 8c P 5s 1,000 Cent Illinois Light 5s 1943 942,000 Cent III Pub Serv 4 34s F.1967 5s series E 1956 52,000 5s Series G.-1968 492,000 145,000 434« series H 1981 44,000 Cent Maine Pow 434» E..1957 5s series D 1955 52,000 8,000 Cent Ohio Lt 8c Pr 5s A..1950 207,000 Central Power 5s ser D..1957 1956 1,153,000 Central Pow & Lt 5s 3,769,000 Cent Pub Serv deb 534S--1949 90,000 534 s without warrants. 1949 1948 1,521,000 Cent States Elec 5s Deb 534s 2,437,000 Sept 15 1954 1,123,000 Cent States Pr 8c Lt 5 34s.1953 9834 Sale 9934 Sale 9934 Sale 99 May 19 60 May 31 100 May 19 May 3 84 19 8334 Jan. 8334 Jan. 75 Apr. 70 53 Jan. 94 May 16 100 97 May 13 7034 May 4 73 5834 Sale 5834 May 31 81 Sale 7934 May 78 May 9934 May 59 May 67 May 6434 May 5934 May 74 May 7734 8134 83 9934 73 70** Sale Sale 7734 8134 Sale 63 Sale 60 6734 Sale Sale Sale 67 Sale Sale 6434 5934 Sale Sale 74 Sale 67 78"" Sale 92 23 25 11 6 4 31 31 26 75 May 13 May 3 May 2 2 9 May May May 63 May 70 May 7034 May 6134 May 79 May 11 2 6 10 24 29 May 19 Sale 55 5334 Sale Sale 52 6234 Sale 2034 Sale 534 44 Sale Sale Sale Sale 33 2634 2734 Sale Sale Sale Sale 1734 Sale 1934 Sale 35 Sale 36 h 4634 Sale 30 Sale May 24 5134 May 4 4234 May 31 3 May 31 4 May 25 57 5534 May 10 May 9 634 May 4 6 May 14 1754 May 31 2634 May 2 May 9 18 May 26 n28 May 2 23 May 9 35 55 Jan. 21 Mar. 18 68 Feb. Mar. 24 99 May Mar. 22 10334 Apr. 21 9834 Feb. Mar, 103 101 Jan. 5 10334 May 13 Apr, 15 7334 Jan. 9834 Feb. 94 Apr. 7334 Jan. 25 9834 Feb. 25 60 11 4 79 85 9 May 12 8 7534 Jan. 25 8134 Mar. 95 May 23 9654 May 24 10054 Apr. 30 9234 Apr. 97 Mar. 81 28 9434 May 92 Apr. 100 Apr. 9434 Feb. 8854 Jan. 40 Apr. 19 9634 Feb. 29 9334 Mar. 11 9454 Mar. 10 Jan. 21 70 Feo. 16 3 Feb, 5834 May 31 7934 May 23 78 May 25 9934 May 11 5734 Apr. 14 70 Apr. 6454 May 58 Apr. 74 May 8734 Apr.. 55 May 5134 May 4234 May 3 May 4 May 1754 May 18 May 64 23 May 100 Jan. 22 21 7734 Jan. 28 8134 Feb. 17 7534 Apr. 21 80 Apr. 22 85 91 Jan. 2 Mar. 10 25 9054 Jan. 16 9954 May 11 7454 Mar. 3 70 May 6 31 85 25 75 Jan. 23 Jan. 7 19 15 8934 Jan. 92 57 Jan. 24 4 70 Feb. 29 Jan. 14 m Jan. 14 5 31 31 25 31 2 May 19 1534 Mar. 12 3934 Jan. 14 42 59 Jan. 9 Feb. 8 17 3 90 Jan. 22 26 Cent Vermont Pub Serv— 122,000 45,000 1,000 113,000 8354 Mar. 5s series A 1959 4,000 Chicago Dlst El Generating 501,000 4348 series A 1970 Deb 534s 132,000 1935 5,000 Chic Pneum Tool 534s 1942 465,000 Chic Rys 5s ctfs of dep..1927 V 6134 Sale 5434 Sale 3934 Sale 3634 Sale 2434 Sale 1634 Sale 25 Sale 6434 May 28 50 May 5 25 May 31 3634 May 31 6834 May 25 5534 May 2 25 May 31 41 May 13 5434 Apr. 50 25 34 5 May 31 Apr. 13 May Cigar Stores Realty— 63,000 15,000 13,000 225,000 7,361,000 333,000 168,000 356,000 534s series A.. 1949 98,000 Cincinnati Street Ry 5 34• 1952 6s series B. .........1955 64,000 1966 792,000 Cities Service 5s Conv deb 5s 1950 31,937,000 1,323,000 Cities Service Gas 5 34s..1942 721,000 68,000 27,000 166,000 3,270,000 Cities Service P 8t L 534s. 1952 1954 373,000 Cleve Elec Ilium 5s.. 5s series B_. 191,000 ........1961 5s.i....... 1939 1,206,000 5,000 5,000 619,000 Cities Serv Gas Pipe L 6s.1943 ... 1634 May May May 16 May 17 May 33 May 4934 May 2834 May 10034 May 10134 May 10234 May 40 45 4234 4534 Sale Sale 5534 Sale" 5434 Sale 10034 Sale 23 Sale Sale 2534 Sale Sale Sale Sale 34 4134 5634 3734 10134 36 Sale Sale" 10234 52 3334 10234 10134 10234 Sale Sale Sale Sale Sale Sale 6,000 Cleve Term Bldg 6a 1941 2,000 Col Riv Longv Bridge 634s '53 6,000 6 34 s stamped 1953 24,000 Commander Larabee 6s..1941 4,000 6s certifs of deposit.... 1941 5 29 2434 May 47 May 55 May 3434 May 3434 May 42 May 5634 May 3734 May May 5! 104 2610234 May 2,10334 May 31 26 26 28 28 31 31 28 May 10 May 19 2 14 6 14 31 7334 Mar. 5 7934 Jan. 25 5034 Jan. 29 50 Jan. 6 40 26 62 Mar. Mar. 45 26 67 Mar. 28 4734 Jan. 1634 May May May 16 May 17 May 40 28 5234 May 31 5934 65 4934 May 31 5854 2834 May 28 Feb. 17 104 99 33 27 18 10 29 May 10 May 19 May 98 Feb. 99 Jan. Jan. Jan. 15 16 9 Mar. 11 Jan. Mar. Jan. 14 May 27 29 10354 Mar. 10 19 10354 May 10 2954 Feb. 4 3 Jan. 11 5 May 10 25 22 2 3 3 22 14 3934 Jan. 3 8 37 24. 9 Jan. 11 Apr. 30 Feb. 5 Jan. 19 Commers und Prlvat 277,000 65,000 119,000 113,000 83,000 116"666 679,000 291,000 185,000 1,000 2,000 2,000 1,135,000 1937 1957 Bank 534s 603,000 Commonw Edison 434s 289,000 291,000 557,000 1,000 561,000 93 Sale 97 1956 1956 1960 434s series C 434s series C reg 434s series E 4,537,000 4« series F........ 1981 329,000 Com'w'lth Subsld 534s A.1948 936,000 Community Pow 8c Lt 5s. 1957 4,000 Conn Lighting 8t Pow 7s.l95l 2,000 534s series B 1954 2,000 434s series C ...1956 9234 Sale Sale 9634 8634 Sale Sale 87 1953 1954 5s series A 5s series B 6 30 Sale 35 7834 8634 Sale Sale 85 Sale 80 Sale 8734 May 11 98 May 9 9734 May 10 88 May 2 Sale 8634 May 31 85 May 31 80 May 31 2954 May 28 7854 May 31 86 34 May 31 85 May 31 80 May 31 Sale 5234 Sale 7934 5534 Sale Sale 49 Sale Sale Sale Sale 2 7 88 Mar. 95 Apr. 20 Mar. 10 Mar. 78 7 May 6934 May 40 May 40 May 10934 May 103 May 94 May May 27 88 May 31 80 5534 May 2 21 3 4 4934 May 17 10934 May 17 May 16 26 104 May 3 3 94 10734 May 100 May 97 May 8734 May May 20 May 20 10354 Apr. 12 108 9834 Mar. 8 10454 May 19 31 10434 May 19 94 Feb. 25 100 May 13 May 13 27 100 Mar. 22 82 Jan. 29 93 31 9234 May 12 78 6934 4034 4034 19 Jan. 93 May 27 6934 May 31 40 May 21 4 40 May 88 8034 4634 Feb. 9834 Mar. 22 9834 Mar. 31 9334 Mar. 11. 109 103 94 84 55 Apr. 6134 Feb. 10934 May May 26 104 May 3 94 May May Feb. 18 29 18 17 16 3 Consol G E L 8t P Bait— 8,000 35,000 60,000 73,000 87,000 128,000 322,000 183,000 328,000 133,000 157,000 104,000 194,000 1,119,000 534s series E. 434s series G 1970 1st ref sf 4s 1981 Consol Gas Utilities— 412,000 634s with warrants..-.1943 624,000 1st 8c coll 6s ser \ 1943 44,000 Consol Publishers 634s..l936 4,000 Consol Textile 8s.. .1941 "87~66O 1,000 11,000 1,717,000 Consumers Power 434S..1958 385,000 1st 8c ref 5s 1936 4,119,000 ContinentalG 8c El 5s ...1958 507,000 Continental OH 531s 1937 33,000 16,000 Dallas P 8c L 5s series C..1952 73,000 68 series A ...1949 see page 53 Sale Sale 88 16 Sale Sale Sale 534 1634 Sale Sale 14 108 4 May 28 1634 May 31 4 May 28 1654 May 31 1634 May 3134 May 21 72 31 95 Sale 10134 Sale 63 Sale 7834 Sale 56 8234 Sale Sale 9134 102 Sale Sale 3534 Sale 8334 Sale 2 9034 May 26 9534 May 10154 May 2 10234 May 6 35 5634 May 7 May 31 May 20 8234 May 5 85 Jan. 20 32 81 19 2734 Sale Jan. 22 20 8734 Feb. 15 9734 10034 Mar. 26 10254 35 May 31 6734 78 Feb. 13 85 Jan. 8 Apr. 29 Feb. Jan. 3 16 Apr. 21 May Mar. Jan. 6 9 18 1942 75,000 10,000 For footnotes 10734 .4>. 27 50 38 3 50 Mar. 30 Mar. 30 8 16 8 89 Feb. Jan. Mar. 31 77 83 Jan. 4 14 33 Mar. 8 31 87 Apr. May Feb. 56 May 55 May 57 May 30 Mar. 61 May 9554 Jan. 75 May 39 42,000 Series A with warrants 90,000 5s series A without warr 3,000 Cosgrove Meehan 634s 1945 398,000 Crane Co 5s... 1940 95,000 Crucible Steel 5s .1940 66,000 Cuban Telephone 734s__ 1941 2,000 Cuban Tobacco 5s 1944 444,000 Cudahy Pack deb 534s 1937 239,000 5s : 1946 64,000 Cumberland Co P 8c L 434 s '56 109",600 Sale 100 105 434s series H Continental Secur 5s 22,000 1952 1969 38 63 Sale 56 Sale 56 55 67 82 Sale 76 9854 Sale Sale Sale 57 61 Sale Sale 57 61 96 75" Sale' 75 May 3 May 17 May 5 May 31 May 31 May 26 May 31 39 63 55 67 May May May May 6 2 5 2 May 2 9854 May 2 May 12 76 86 91 102 Sale 100 Sale 100 May 28 10334 May 121 100 17 5 13 15 9 4 99 Mar. 11 Mar. 31 31 86 May 12 Apr. 13 99 Jan. Apr. 12 103 34 Apr. 7 8 NEW CURB YORK AGGREGATE SALES PRICES IN MAY. NEW YORK ) Jan. 2 Jan. 1. May 2. 1932. $ BONDS—Continued. 40,000 Dayton P & L Did. Ask. May 31. Ask. Bid. Bid. 6s series A 55% Sale" Dixie Gulf Gas 6H« with warrants %}% 55 Sale 65 Sale 70% Sale Sale 6 55% Apr. 92 Apr. 25 Apr. 80 May 55 May 65 May 70% May 7 25 8 27 21 31 31 5 Sale Prices. 101% May 24 73 Mar. 12 Mar. 7 89 3 97% Feb. 7M Mar. 16 Feb. 2 1 Jan. 22 Mar. 28 % Feb. 1 Feb. Mar. 12 95 Apr. 1 43% Mar. 23 80 May 27 Mar. 29 5 19 2 1 Feb. 2 Mar. 7 1937 265,000 54,000 Duke Power Co 4%s 1967 1945 75,000 Duquesne Gas 6s 6%% notes 2,000 Mar 15 1935 1,698,000 Duquesne Ltg 1st M 4 %s. 1957 49% May 28 88 May 20 3% May 9 ■ 2,140,000 Eastern Util Invest 5s A 1954 1,901,000 Edison Elec 111 (Boston 5s '33 28,000 4%% notes 1933 4% notes 416,000 .1932 4%s 63,000 1932 433,000 5% notes. 1935 5,312,000 Elec Pow 8c Lt 5s 2030 8,000 Elec Pub Serv 5%s C 1942 El Paso Elec 5s A__ 1,000 1950 55,000 El Paso Nat Gas 6%s A..1943 6*48 65,000 1938 317,000 Empire Dlat Elec 5s 1952 Sale 97% Sale 24% Sale 99 Sale 56% Sale 95% Sale Sale 13% Sale 101% Sale 100% Sale 19 101% Sale Sale 41 100% Sale 98% Sale 32% Sale 66 Sale 62 Sale 54 % 45 Sale 35% Sale Sale 35 Sale 49 % Sale - 1,319,000 Empire OH 8c Refining 5 Wis '42 Ercole Marel Elec Mfg 167,000 6%s with warrants 99,000 Erie Lighting 5s European Elec 6%s.„ 45 % Sale 1953 95% May 31 70 May 7 90% May 16 7 May 2 98% May 9 21 19% May 2 102% May 5 101 May 6 101% May 10 101 May 31 99% May 26 42% May 20 5 May 83 10 May 66 31 May 51 4 May 31 54% May 28 35% May 12% May 101% May 100% May 100% May 100% May 98 May 32 May 20 May 83 May 62 May 49 May 45 May 26 May 9 14 25 17 27 12 6 5 10 2 9 2 2 49% May 28 75 87 Feb. 26 94% Feb. 3% May 9 4% Jan. 4 93% Mar. 15 8 Jan. 4% Jan. 98% May 10 Apr. 30 98% Jan. 100% May 101 98 100% Apr. 98 May 32 May 20 May 83 May 13 14 25 17 27 12 8* Jan. Apr. 1 May 10 Apr. 18 59 Jan 27 83 70 49 May May May 48 Jan. 19 May 3 99 26 9 Feb. 102% May May May May May Jan. 45 9 4 4 60 14 Mar. 12 65% Jan, 4 14 Jan- 1965 .... 1,167,000 Without 40% Sale 7s Series C 1967 Sale" 47% May 28 93; May 3 50 May 10 98% May 6 45 39% May 21 43 30 47% Sale 1967 warr 10,000 European Mtge 8c Inv 7*28.*50 1,512,000 May May 30 28 38 25 20 May 12 May 9 May 24 38 14 9 20 Sale 93,000 Fairbanks Morse 8c Co 5s. 1942 67,000 Farmers Nat Mtg Inst 7s .1963 36,000 Federal Sugar Ref 6s 1933 48 Sale 14 Sale Federal Water Service 5s. 1954 Finland Residential Mtge 39 Sale 28" Sale" May 24 May 2 3% May 24 28 May 31 39 Sale 34% Sale 33 1,282,000 Bank 6s 459,000 1961 597,000 Firestone Cotton Mills 5s. 1948 232,000 Firestone T 8c R Cal 5s.. 1942 26 % 26 Sale Sale 51 73 1956 28,000 304,000 313,000 238,000 282,000 174,000 101,000 462,000 57,000 75,000 5% 5% 5% 5% 5% serial 17" Sale" serial notes 1933 serial notes 74 66 52 % Sale 69% Sale Sale Sale serial notes Sale Sale Sale Gen Rayon Ltd 6s A Gen Refractor 5s ....... 52 Jan. Jan. 2 48 11 70% Feb. 14 Mar. 17 Mar. 12 Mar. Sale 34 37 15% 14% 54% 69% 60 Jan. 12 17 Feb. 13 Sale 50% Sale 50 Sale Sale 55% Sale 37% Sale Sale 37 £ Sale Sale May 11 May 12% May 50 May 50 May 62 60% May 51 May 55% May 37% May 37% May 26% May 100% May 100% May 100% May 100% May May May May May May 14 31 18 24 2 33% Mar. 2 10% Apr. 11 60% May 63% May 62% May 59% May 57% May 30 May 101 May 101 May 100% May 100% May 31 13 17 5 31 12 60% May 51 May 55% May May May 26% May 8 Apr. 18 May 5 May 31 50 50 §?8 31 10 11 100 100 Feb. Apr. 98% Jan. 98 Jan. Jan. Mar. 10 78% Mar. 12 8 15% Feb. 19 62% Mar. 10 78 Feb. 16 12 62 Apr. 2i 19 85 25 74 70 Feb. 2( Mar. I 31 31 68 Mar. 11 Mar. li 28 40 Jan. 7 8 101 May 4 May 31 20 100% May 1C 26 100% May 1] 7 101 15 15 Feb. 26 99% Feb. 13 100% Jan. 98 % Sale 100% Sale 98% Sale 97 Sale Sale 26% Sale 94 Sale 66 30 % Sale 20" Sale' 1948 22 Sale 1933 37 Sale Sale 35 1944 80 79 1978 51% Sale 89 Sale Sale Sale 65% Sale 46 Sale 79 Sale 70 Sale Sale Hood Rubber 7s 19 Sale Sale 94 Sale Sale Jan. 18 8 Jan, 11 47 60 May 80 28 31 31 31 40 Mar. 24 Feb. 29 21 Feb. 86 Mar. 12 Jan. 9 90 27 65% Mar. 16 Feb. 93% Mar. Jan. i 78 2 7 9 2 58 May 26 70 62% May 10 60 May 27 86% Jan. May 23 May 7 May 2 May 2 May 2 82% May 6 59 May 6 3 87 50 96 May 23 29 Jan. 16 4 100 Jan. 30 May 25) 69 Mar. 9 May 13 100% Mar. 22 91% Feb. 98% Mar. 11 82 85 Apr. Apr. 22 59 59 May May 6 Jan. 15 May 11 13 Apr. 4 tt27% May 11 94 May 2 31 92 May 2 31 31 s73% May 13 31 66% May 3 25 Feb. 17 91% May 84 May 63 May 60 May 31 31 31 31 May 26 May 27 3 May May May May May May May May 24 96 94% Sale 93% Sale Sale Sale Sale Sale 60 92 91% 84% 63 94 May 91% May May 63 May 60 May Sale S4 98 61 100 98 34 30 Sale 30% Sale '24% Sale May 24 23% May 27 75 May 30% May 1 2 Jan. 5 Mar. 7 13 Jan. 5 19% Jan. 22 39% Mar. 11 96 Mar. 11 Mar. 11 Jan. 14 75 Jan. 20 r80 34 May 23% May 96 84 Jan. 12 44% Feo. 2 88 50% Sale 50% Sale 38 1943 Sale o20 Sale Sale 22 50% May 2 37% May 5 26}<3 May 21 21 86 78 % Sale 1981 83 Hud Bay Min 5c Smelt 6s. 1935 75 84% Sale Sale 73 55% 30% Hungarian Ital Bank 7%s '63 Hydraulic Power of Niagara Falls 1st & ref 5s 36,000 1950 Ref & improvement 5s. 1951 84,000 267,000 Hygrade Food 6s ser A ..1949 68 series B 18,000 1949 32% Sale 94 60 Sale 80 % Sale 87 % Sale 77 Sale Sale Sale Sale 21% Sale Sale 96% Sale 51 Sale 66% Sale 67% Sale 63 Sale 51 Sale Sale 56% 48% Sale Sale 35 May 27 May 28 May 28 May 28 55% May 27 2733 May 3 73 May May May May 93 May 85-% May 85% May 61 May 30% May 51% 41% 28% 32% 99% May 27 101 99 May 5 100 % 21% May 31 34 28% May 17 3033 91% May 26 75% May 10 96% May 2 35 May 28 51 May 31 56% May 31 48% May 31 78 May 26 24 20 5 3 3 3 13 3 25 May 21 May 9 May 3 May 10 94% May 80 May 97% May 52 May 66% May 67% May 63 May 83% May 12 18 11 2 2 2 2 11 Feb. 92 Feb. 99 1936 181,000 Idaho Power Co 5s.......1947 63,000 Illinois Nor Util 5s.. 1957 19,000 Illinois Power 5s A 1933 703,000 Illinois Pow 5t L 5 Ha 1957 548,000 5%s series "B" 1954 6s series A 1,572,000 1953 5s series C 1956 1,971,000 289,000 Indep Oil 8c Gas deb 6s..1939 25 70 23% May 28 77 May 19 62 May 9 28 31 31 31 3 .....1937 1978 15 4 13 May 12 May 5 May 26 27 92 % Houston Lt 5c Pr 5s A...1953 4>jg series D 4%s series E Apr. 9 22% May 28 Apr. Apr. 41% Jan. 38 91 70 50 Sale 5«s Oct 15 1936 Houston Gulf Gas 6%*_.1943 6s 1 75 35 23% May 28 77 May 19 62 May 9 82 Hanna (The M A) Co 6S..1934 Havana Docks 7s 11 23 28 31 23 6% May May 63% May 46 May 4 14 98 1961 Hamburg Elec Co 7s 1935 Hamburg El & Und Ry 5%s'38 Apr. 24% May 19 May 22 May 35 May May 2 May 7 May 12 May 19 94 Guardian Investors Corp— 5s ser A with warr 64,000 1948 4%s series B 62 10% Sol's 80% 53 % May 59 Sale Sale Greenwich Wat & Gas 5s A '52 1937 May 4 May 7 27% May 7 25 May 11 51 May 11 6% May 80 May 63% May 46 May 3 96 61 100 Gt West Power Calif 5s.. 1946 Gulf Oil of Pa deb 5s 69 31 99% May 24 98% Mar. 11 97% Mar. 17 May 26% May 60 Green Mountain Pow 5s. 1948 798,000 Sinking fund deb 5s...1947 288,000 Gulf States Util 5s 1656 3 23 28 31 23 8 7 100% May 26 5 60 Conv deb 6s... 1948 Grand Trunk Ry 6HS...1936 Grand Trunk West Ry 4s 1950 Great Northern Pow 5s..1935 Ground Gripper Shoe 68.1944 Guantanamo 5c W Ry 6S.1958 May 24% May 19 May 22 May 35 May Jan. 96% Jan. 8 94 May 31 93% Jan. 18 58 10% Sale 1967 With warrants.. a65 98 22% May 28 1952 77% Sale 100% May 100% May 26 98% May 99% May 24 94 May 31 97% May 7 95% May 28 97% May 19 1 Sale 11,000 Godchaux Sugars 7%s.__1941 Grand (F & W) Properties— 6 10 Gesfuerel— 53. Feb. 5 81 101 Gen Pub Serv Co 5s.....1953 see page 26 Mar. 18 2934 Jan. 9 1936 6s without warrante___1953 466,000 1,812,000 Gillette Safety Razor 5s. 1940 173.000 Glidden (The) 5%s 1935 Gobel (Adolf) 6%s ser A. 1935 For footnotes 60 26 26 ..1935 serial notes 333,000 8,000 Georgia Carolina Pow 5s. 1,494,000 Georgia Power ref 5s 160,000 Georgia Pow 5c Lt 5s 82,000 513,000 21,000 1,000 218,000 529,000 172,000 383,000 192,000 219,000 607,000 262,000 242,000 May 24 May 2 Jan. 4 2 20 8 40 May 12 69 May 26 75% May 3 51 62% 59 % 55% ...1934 6s series B 95,000 2 3% May 24 40 May 4 Jan. Jan. May 5 May 19 70% May 9 Gen Water Wks Gas 4t Elec— 1,064,000 2 17% May 1932 notes... Gen Vending Corp— 6s with warr Aug 15 25,000 1937 524,000 Gen Water Works 5s A..1943 83,000 278,000 84,000 73,000 356,000 43,000 2,000 5,000 183,000 May 14 Mar. 12 80 35 Accept Corp— Gen Pub Utilities 6%s-_.1933 6%s series A .1956 "112,000 48 Mar. 30 49 Sale 15% Sale Sale 6s 603,000 1941 6s series B 365,000 __1941 177,000 Gen Bronze conv deb 6s. 1940 36,000 General Cigar serial 6s.. 1932 Serial 6s 12,000 .1933 Serial 6s 4,000 ...1934 Serial 6s 9,000 1935 14,000 Gen Indus Alcohol 6^s. 1944 Gen Motors 38 Apr. 5 Apr. 8 19% Apr. 30 63% Mar. 17 34 2,243,000 Florida Power 8c Lt 5s...1954 1,961,000 Gatineau Power 5s 2 * 62 93,000 256,000 Fisk Rubber 5%s 1931 Certificates of deposit... 224,000 588,000 Florida Pow Corp 5 %s A 1979 10,000 Garlock Packing 6s ..1939 419,000 Gary Elec & Gas 5s A....1934 25% 93 72 First Bohemian Glass Wks 1st 7s without warr 1957 •' Highest. Sale Prices. 95 Jan. 28 Sale Prices 3 101% May 24 31 May 17 94 20 May 9 28 29% May 9 80 27 May 27 57 21 May 9 82% May 7 31 31 9 91% May 6 9 May 2 May 55% May May 25 May 80 May 55 May 65 May 70% May 5 May 92 1950 Lowest. Highest. 100 Sale 60 90,000 Derby Gas & Elec 5s 1946 160,000 Detroit City Gas 5s B...1950 6s series A 471,000 1947 76,000 Detroit Int Bdge 6 H*. ..1952 6%s certifs of deposit.. 1952 4,000 25-yr s f deb 7s... 7,000 1952 7s certifs of deposit 5,000 1952 , Lowest. Sale Prices. {■' Ask 1st & ref 5« '41 91,000 Delaware Elec Pow 54«_.195V 29,000 Denver Gas & Elec 5s 1949 57,000 Denv 8c Salt Lake Ry 6s..I960 4,000 RANGE SINCE JAN. 1. Price CURB EXCHANGE Since *; EXCHANGE Mar. 99 Mar. 22 Apr. 34% Feb. 26% May 21 May 86 Apr. 75 May 73 May 55% May 55 Mar. 28 45 50 Mar. 28 Jan. 13 51 Jan. 12 95 Jan. 8 86 Mar. 11 86 63 Mar. 10 26 Mar. 48% Feb. 98% 95% 21% 28% Feb. Feb. May May 20 101 23 100% 31 49% 17 46 88 Feb. 15 72 96 48 Apr. Apr. May May May May 30 27 28 31 31 31 64 Jan. 43 35 51 56 4 18 Mar. 23 Jan. 5 21 May 9 Jan. 14 Jan. 28 96% Mar. 12 90 Feb. 23 8 97% Apr. 74% Feb. 29 88 Jan. 91% Jan. 83 Jan. 14 8 12 85% Mar. 15 NEW NEW AGGREGATE SALES CURB EXCHANGE CURB YOEK RANGE SINCE JAN. I. PRICES IN MAY. YORK Price EXCHANGE In Since Jan. 2 May. Jan. 1. 1932. "T666 $ 139,000 77,000 626,000 3,000 34,000 125,000 161,000 231,000 329,000 9,000 1,296,000 5,000 2,000 39,000 358,000 15,000 "3~O66 29,000 51,000 63,000 90,000 9,000 258,000 2,000 Bid. BONDS (Continued) 5,225,000 325,000 $ 37,000 10,000 139,000 Ask, 6Ma series B 1953 5s aeries C ... 1951 Indiana Gen Service 5s__1948 Sale" 5a....1957 1st & ref 5s ...1955 Indiana Service 5a. 1950 1st lien & ret 5a ...1963 Indianapolis Gas 5s A—1952 Ind'polia P fie L 5a aer A—1957 Indianapolis Water 4%8_1940 1st lien & ref 5 Ms——1953 Inland P & L 6a aer C 1957 Insull Util Inv 6s ser B 1940 68 % Sale Sale 91 Sale Sale Sale 22 92 K Sale' 91 Sale 73 M Sale % 1M 3,000 123,000 45,000 171",600 lo'ooo 615,000 7,000 322,000 73,000 16,000 150,000 300,000 9,000 42,000 67,000 43,000 51,000 36,000 37,000 1,000 26,000 3,000 174,000 7.000 8,000 2,452,000 Internat Securities 5a—1947 2,000 Interstate Iron & St'l 5%a '46 InterstateNat Gas 6a 1936 72,000 Without warranta 1,661,000 Interstate Power 5a__..-1957 526,000 Debenture 6s —1952 Interstate Public Service 37,000 6Ms series B 1949 676,000 5s series D —1956 839,000 4Ma series F 1958 62,000 Interstate Telep 5s A—..1961 67,000,Invest Co of Amer 5a A—.1947 157,000! Without warranta 288,000 Iowa-Nebraska L Sr. P 5a.. 1957 5a Series B ...1961 307,000 155,000 Iowa Pow & Lt 4Mb A...1958 ...1957 95,000 Iowa Pub Serv 5a. 5 Ma 2,000 1959 123,000 Iowa Ry & Light 5a...—1932 1st & ref 5s A...—....1945 15,000 521,000 I aarco Hydro-El 7a ..—1952 1942 116,000 Isotta Franchini 7s 80,000 Without warrants Italian Superpower 458,000 52,000 17,000 59,000 286,000 68,000 1,000 3,000 10,000 13,000 15,000 6,000 53,000 66,000 24,000 11,000 3,000 12,000 31.000 78,000 120,000 9,000 2,000 13,000 8,000 297,000 6,000 56,000 107.000 17,000 22,000 ~i~666 4,000 19,000 3,000 155,000 5,000 101,000 46,000 4,000 97,000 133,000 38,000 "T,66o 6,000 8,000 26,000 1,251,000 "Y.666 , 29,000 229,000 141,000 195.000 109,000 15,000 46,000 37,000 24,000 2,000 20,000 76,000 56,000 36,000 88,000 2,000 93,000 189,000 31,000 100 % 64 M Sale 49 Sale 5s certifa of Sale "43 " Sale 5 Ma.-1935 6 Ms—1935 6a 2026 7Ma..1946 Without warranta 24,000 1952 87,000 Lexington Util 5s 343,000 Llbby McNeill & Llbby 5a 1942 192,000 Lone Star Gaa Corp 5a...1942 —1945 79,000 Long Island Ltg 6s Conv deb 5Ms A ...1952 10,000 78,000 Los Angeles Gas A Elec 5s 61 5s 1939 4,000 5 Ma series 1 1949 36,000 3,000 Louisville G & E 4Ms C..1961 5a... 1957 Steel Co 8s 1940 746,000 Louisiana Pow A Lt 6,000 Lukens 1951 1.230,000 Manitoba Power 5 Mo Mansfield Min A Sm (Germ) 50,000 Sale 46 % Sale Sale Sale 56% Sale 71 % 64 Sale Sale 62' Sale 63 Sale 62 J Sale 63 M Sale 72% Sale 77% 82% Sale Sale 95% 51% Sale '49% Sale 38 % Sale 32% Sale Sale Sale 22% Sale 1941 warranto—1941 1946 1955 Assoc 5s A 1949 5s 83% Sale 81 97% 305,000 Minneapolis Gas Lt 4M8-1950 38,000 Minneapolis Gen El 5s—1934 1978 133,000 Minn Pow & Lt 4%s 1st & ref 5s 1955 44,000 113,000 Mississippi Pow 5s_ 1955 Miss River Fuel 6s 5s—1957 1944 Without warrants Sale Sale Sale 351,000 2,000 Missouri Pub Serv 5s A. .1947 Monongahela West Penn Pub Service 5MaB 1953 323,000 792,000 Montreal L H A P 5a "A". 1951 5s series B 1970 113,000 Morris Plan Shares Corp— 6s A without warrants 1947 57,000 54.000 6 Ms with warr 2 2 10034 May May 46% May 26 59 19 May 31 3534 May May May 6234 May 55 May 5734 May 6234 May 6234 May 6934 May 69 May 77 May 61 May 79 May 9534 May 79 May 4934 May 37 May 38 May 2 23 2 2 28 45 Sale 75% Sale 95 Sale 91 60 Jan. 6 71 98 87 Feb. 2 93% Mar. 28 May May May 72 May 88% Feb. 95 Apr. 10 May 31 26 22 , 22 77 27 31 8 14 16 % May 4 % May 16 20 3 27 13 24 16 20 10 26 31 26 24 6 31 26 31 20 64% 64% Sale Sale 63 68 Sale 68 66% Sale 63 6634 70 4934 Sale 85 68 73% Sale Sale Sale 50 55 Sale 89% Sale 94 83 50 Sale" 8934 Sale 3934 May 28 3734 May 25 5034 May 31 80 76M Sale 67 Sale 50% 60 Sale 71 Sale 44% Sale 89 Sale 99 % 81% Sale Sale 94 87% Sale May May May May May May May May May May May May May May May May May Sale 68 Sale 39% 5534 42% 7934 8234 May May May May May 19 31 19 25 20 68 Sale 70 92 Sale Sale a 67 68 30 Sale 65 Sale Sale 29 6% Sale 3 Sale Sale 25 Sale a 50 % Sale 5 48 Sale Sale 5 48 5 92% 6934 100% Sale Sale Sale Sale "70" Sale 76 2 65" 6034 Sale Sale 69 7034 Sale Sale Jan. Apr. 28 52% Jan. 5 60 Apr. 30 42% Jan. 4 Sale 56% May 66 May 63 May 87 May 55 May Sale Sale 8634 Sale 4 23 4 74 74 Apr. 51 Jan. 22 48 Feb. 1 15 Mar. 7 May 61% Apr. 51% Apr. 47% Apr. 58% Apr. 57% Apr. 69% May 68 Apr. 77 Apr. 61 May 79 May 75 95 3 25 79 75 21 8 65 13 67 67% 11 28 80 13 79 5 20 11 $84 6 99% IP 68 84 25 Feb. 29 Jan. 28 Feb. 18 Mar. 19 Jan. Jan. 13 13 Jan. Jan. 19 2 Feb. 1 Mar. 12 Feb. 23 Jan. 14 May 19 49 Mar. 23 May 19 48 Feb. 19 42% Jan. 16 26 25 66 95% 26 25 99 19 86% May 31 101 May 90 May 79% May 74% May 75 Feb. S&K 60 20% May 20 95 Mar. 18 Feb. 18 Jan. 22 Jan. 20 Jan. 9 Mar. 26 25 96 Jan. May 3 May 27 May 13 May 24 90 Mar. 21 Jan. 18 Jan. 14 90 99 16 84 Jan. 18 95 Jan. 82 Jan. 19 18 68 Apr. 11 May 20 May 10 May 26 66 Apr. 27 84 70 May 26 49% May 24 77 22 Apr. 1 63 63 82 Jan. 14 96% Jan. 20 Jan. Mar. 21 Mar. 15 3 55 9 95 Jan. 5 89% May 31 80 May 20 63 93 Jan 39% May 28 32 Feb. 1 50 Apr. 8 65 41 67 Apr. 18 42 Jan. 23 83 Mar. 39% May 55 Apr. 42% May 51 Mar. 16 78 Jan. 81 Mar. 12 93% Mar. 19 99 Jan. 85 96 Mar. 43% May 18 62 May 11 60% May 4 89 May 2 89 May 14 May 16 May 17 May 12 May 24 May 4 May 20 77 Feb. 82% May 79 Apr. 91% Feb. 99% May 94 May 90 2 40 Jan. 15 May 24 20 May May May 86% May 2 82% May 2 73 % May 19 66 65 Apr. 52 Apr. 34% May 9 May 60 Feb. 91 % May 87 Apr. 70 May 13 53% May 11 Mar. 8 Apr. 2 4 61 Jan. 11 4 7 31 27 13 27 26 6 4 24 22 33 Jan. 30 Jan. 14 14 97% Jan. 12 May 2 90 Mar. 90 Jan. 55 Feb. 42 Jan. 28 Jan. 7 15 96 14 Jan. 89% Apr. 6 4 60 99 Apr. Apr. 28 22 72 Jan. 26 36 Feb. 20 89% Jan. 18 14 14 14 x69 Jan. 65 May May May Jan. Jan. 89 Feb. & 96 65 May 78% Jan. Mar. 24 26 9 79% Feb. 27 7 90% Jan. 77% Mar. 23 101 100% May May 80 3 7 29 7 78% Jan. 51% May Apr. 60% May 24 Apr. 1% May 70 9 93 98 2 13 37 Jan. 2 28 May 17 80 2 9 Mar. 14 May 67 7 11 9 100% Mar. 22 May 24 May May May 7 May 25 Mar. 90% Mat 9 100 May 68 26 0 May 54% May May 70% May 2 31 a74% May 11 May 11 31 a74 95 May 19 31 May 9 9 56 56% May 31 66 May 31 63 May 31 87 May 31 55 May 9 82% Mar. 10 May 2 9 63 May 9 87% May 9 85% May 10 54% May 26 82% Feb. 2 81% Feb. 8 ,80% Mar. 5 31 Sale 87' 61 Feb. Jan. 88 60% May 19 30 May 11 n 8% May 2 3 5% May 3 534 May 6 May 3 93% May 11 n72 May 18 101 May 9 a7S>% May 11 80% May 11 63, 67 Feb. 97 87 56 74% May 91 May 87 May 61 97 86 73 25 12 May 31 May 26 67 Sale 5934 Sale 66 98% Sale 4 68 73 65 34% May 26 10 May 5 73 May 2 94 May 4 60% May May 1% May 2 May 2 May 2 Sale May 91% May Sale 65 May 10034 May Sale' 70 May 80 May 54% May Sale 25 29 5 2 16 7 3 3 11 26 17 2 2 34% May 26 9 May 6 70 May 31 9134 May 24 May 26 5134 May 18 Jan. 23 __ 73 15 6 50 "" 9334 May 16 93% 99>4 May 28 100 99 94 May 31 90% 90 May 9 68 May 31 82% 26 May 10 30 . Jan. 13 21 Sale 14 27 Jan. 51% May 6534 38% Jan. 81 May 4 May 7 66 May 31 65 May 27 71% May 3 Sale 15 May 9 May 19 May 2 55 85 15 20 66 5 Mar. 19 36% Jan. Jan. 87% Jan. 4034 May 28 8634 Sale 82% Sale Sale 6 May 20 May 18 May 9 May May May May 98 Jan. 92 70 90% May Jan. 45 84% May 67 May 67% May 81 May 73 May 4 7 6 May 4 92 May 14 91% May 3 81 May 2 99 May 13 May Jan. 98 Jan. 76 96 26 78 38 1534 Sale 85 25 20 5634 May 10 May 24 39 May 24 5134 Sale Sale 50 12 25 28 6 39 75% May 1 May 12 May 17 81 Feb. Mar. 86 May 20 May 4 80% Jan. 8 Jan. 76 63 63 85 79 49 37 82 5 Mar. 14 May 2 101% Mar. 28 2 100 2 46% May 26 69% Mar. 9 51 Jan. 26 19 May 31 3 50 25 26 25 19 31 8434 54 % Jan. Jan. 62 92 79 May 90 May 7934 May 7434 May 95 May 65 Sale Apr. 26 3 67% May 11 31 17 31 19 19 45 73 80 2 May 13 20 May May 79 1 May 11 May 31 9834 May 74 Mar. 21 79% Mar. 5 95% Jan. 15 91 May 23 27 Sale 57 Sale 5434 May 26 8434 Sale 84% May 31 82% May 5 90 Mar. 17 84 Mar. 15 98% Jan. 56 93 Mar. 12 87% Mar. 21 49% Feb. Line ...1937 5 6 5 3 4 11 3334 May Sale Sale 8534 May 73 May 66 May 62 May 6534 May 6534 May 78 May 2034 May 20 Sale 65% Sale 5 footnote* see oa«e 53 9 76 — 1951 Miss River Power 5s Steamship May 50% May —1978 193,000 Met Edison 4s series E...1971 1961 13,000 Mich Assoc Tel 5s A 1946 3,000 Michigan Light Co 5s 5,000 Michigan Pub Serv 5s A..1947 87,000 Middle Sts Petrol 6 Ms A.1945 3,720,000 Middle West Util 5% notes '32 Conv 5% notes.. —1933 2,820,000 Conv 5% notes.. ..1934 2,480,000 Conv 5% notes 1935 2,363,000 1967 140,000 Milwaukee G L 4Ms Miss Power & Light 65 60% May 3 May 27 43 75 M 86,000 Melbourne El Supp 7Ma A '46 151,000 Memphis P & L 5s ser A..1948 173,000 67,000 4 68 114,000 Mass Util .1947 11,000 Massey Harris 5s 4,000 McCallum Hosiery 6M8--1941 1943 52,000 McCord Rad & Mfg 6s 524,000 2 7234 May 68 % May 75 5 %s— 4Ms series C 8834 May 2 4 May 24 68 92 49 7s without Mass Gas Co 92r**May 100 Sale 63 7s with warranta 7,000 697,000 473,000 Jan. 47% Jan. 20 deposit...1945 15,000 Laclede Gas Light 66,000 Larutan Gas Corp 1,546,000 Lehigh Pow Secur Leonard Tietx Inc May 20 May 4 May 2 75 64% Sale 64 M Sale 1,076,000 Koppera Gas Ac C deb 5s. 1947 120,000 Jan. Mar. 95 Jan. 55 78 70 19 59 Sale 1961 Munson 7,000 Sale "50% 2022 53,000 Kansas Gas & Elec 6s 1947 96,000 Kansas Power 5s A 94,000 Kansas Pow & Lt 5s B...1957 6s aeries A ...1955 89,000 1969 300,000 Kentucky Utilities 5s 1950 1945 234 May 20 85 87 Sale 68 M 48.000 Kansas City Gaa 6a.——1942 1937 12,000 Kansas El Pow 6s A 5,000 53,000 11,000 88 M .1942 103,000 Jacksonville Gas 5a 32,000 Jamaica Wat Sup 5M8 A.1955 Deb 5Ma 958,000 129,000 Kresge (S S) Co 5s 90 70 80 17 2 May 23 62 63% Sale 36 % 263,000 97,000 6M8 series D__ 1948 47,000 5M« aeries F —....1955 7,000 Keystone Pub Serv 5s—1978 83,000 Keystone Telep Co 5 %a..I955 1943 111,000 Kimberly Clark 5s A Highest. Sale Prices. 6 86% Sale -- 327,000 Jersey Cent P & L 5s B—1947 4Ms series C 1961 1,632,000 224.000 Jones & Laughlin Steel 5s '39 1 May 134 May M May 4 % May 16 5 May 16 10 2 6a...1963 Without warranta 9034 May 5 May 16 % Sale Sale Sale May 7 90 May 5 3434 May 4 3134 May 12 86 May 4 86 May 2 May 31 10 2 95 May 27 72 1 72 May 31 May 26 22 90% May Deb 5s series A 84 87 M May 23 Intercontinents Power 122", 666 6334 May 77 Sale 86 May 13 May 23 May 31 84 May 11 May 31 66 22 85 Prices. May 27 May 23 May 5 60 Sale 30 % Sale 1949 Co— Deb 68 with warrants.. 1948 129,000 Deb 68 without warr 1948 3,000 388,000 Internet Pow Sec 6%» B.1954 408,000 6Ma series C ......-1955 78 series D 1936 312,000 7s series D stamped 1936 175,000 7a series E_ ........1957 613,000 7s series F .....—1952 239,000 1951 103,000 International Salt 5s 72 Lowest. Sale Prices. Highest. Sale Sale Prices. 78 80 89 48 Ask, Sale ,94% Sale Indiana & Mich El With vrnrrants Ask Lowest. May 31. Bid. Sale 63 M 57% Hydro-Elec 5a A.1958 Indiana Bid. 81% A..1947 Indiana Elec Corp 6a May 2. * 6 Sale 5% May 2 6% May 12 18 65 Mar. 16 Jan. 12 14 Jan. 5 21 NEW CURB YORK EXCHANGE AGGREGATE SALES. In May. PRICES IN MAY. NEW YORK CUR71 EXCHANGE Since $ 104,000 '154,000 8,000 132,000 126,000 362,000 Jan. 2 1932. S BONDS (Continued) Bid. 744.000 Narraganiett Elec Co 5s_.1957 1,255,000 National Elec. Pow 5a 1978 44,000 National Food Prod 6a..1944 831,000 Nat Pow A Lt 6a'"A" Deb 5s aeries B 1,608,000 2,958,000 Nat Pub Serr 5a 2026 2030 1978 Ask. May 2. 2,000 23,000 52,000 8,000 281,000 339,000 429,000 636,000 362,000 1,000 327,000 113,000 9,000 5,000 24,000 693,000 175,000 5% gold notes May 11935 2,000 Nat Transcont'l Ry 4%s.l955 2022 129,000 Nebraska Power 6a 4%s 1981 262,000 140,000 Neianer Bros Realty 6a.. 1948 1956 1,046,000 Nevada Calif Elec 5s 1,321,000 New Eng G & Elec Aasn 5sl947 5a.. 1948 1,235,000 Conv deb 5s 1950 2,215,000 1,713,000 New Engl Pow Aasn 5a._.1948 5s 1951 4,000 Deb 5Ha 1954 1,695,000 467,000 New Orleans Pub Serv 4%s '35 6s series A 1949 27,000 ... New York Edison 5s C 151,000 3,107,000 63,000 28,000 76,000 35,000 204,000 10,000 27,000 26,000 18,000 27.666 6,000 22,000 60,000 297,000 1,000 111,000 41,000 5Ha A with warrants..1948 N Y P A L Corp lat 4 Ha-1967 N Y State E & G 4Ha 1980 N Y Steam Corp 5s 1956 N Y A Westchester Ltg 5a '54 4s_....2004 Nor Cont Utll 5 Hs A Sale 73 Sale Sale 45 Sale 60% 24% Sale 36 Sale 18% Sale May 10% May May 58 May 45 May 18% May 71% Sale 60% Sale 60% May 73 75 75 86% Sale 75 Sale 75 66% Sale 60% 46% 45% 46% 36% Sale Sale Sale Sale Sale 60 5Hs series A reg 1,000 3,000 1,000 16,000 70,000 12,000 12,000 18,000 47% Sale 45 Sale 59 Sale 47 Sale 60 Sale 48% Sale 61% Sale 76 Sale 50% Sale 64% Sale 61,000 7,000 73,000 38% Sale 4Hs E 1951 4Ha 1961 7s without warrants "89% Sale Sale 41 74 Sale 73 68 134,000 Northwest Pow 6a A 101% Sale 99% Sale Sale 694.000 Ohio Edison Co 5s.......1960 1952 322,000 Ohio Power 5s series B 4 Ha aeries D 1956 939,000 Deb 6s 2024 1,000 1953 5,000 Ohio Public Serv 6s C 58 series 77,000 D__....__^..1954 5Hs series E__._I^L..1961 19,000 1950 615,000 Oklahoma Gas A El 5s . _ 6s series A 12.000 . 99% 40% 67% Sale Sale Sale 96 63 Sale Sale Sale 70% Sale 92 Sale 84% 539,000 1st A ref 6s B 1,259,000 168,000 1,786,000 1st A ref 5s D 1st A ref 5Hs 1st A ref 4Hs 1941 C 65 Sale 85 Sale 62% Sale 86% Sale Sale' 78 Sale 9 93% Sale 95 Sale 87% Sale May 12 90% May 9 76 May 5 96 87 105 100% 40% 88 79% 70% 67% May 12 May 6 May 2 May 19 May 2 May 13 May 3 May 5 May 2 1952 Pacific Investing 5s A Without warrants.. 189,000 1960 6s with warrants 239,000 Penn / :V 2,000 91% Sale 92% Sale 89% Sale Sale 80 Sale 77% Sale 80 85% Sale Sale 81% Sale 77 Sale Elec Power 5 Hs 93% May 9 8 May 28 20 80 92 May 28 May 28 76% May 28 May 7 May May May May May May May May 6 24 24 31 31 31 6 20 67% Sale 77 67 67 Sale 67 45 25 Sale 45 Sale 25 42 102% Sale 100% Sale 91% Sale 105% Sale 102% Sale 97% Sale 82% 100% 97% Sale Sale Sale " Sale 91 Sale 82% Sale 60 88 Sale 70 52% Sale Sale 52% Sale 50% Sale 50 Sale 93% May May May May May 83 May 84 May 75 May 83 May 81% May 75 May 56 May 30 May 48% May 90 60 May 102 May 52% May 50 May 2 7 11 24 12 2 13 5 3 10 May 3 May 11 May 2 May 10 May 2 64 % May 31 4 5 24 103% May 31 70% May 3 20 52% May 12 75,000 14,000 80 May 6 May 16 May 11 45 May 6 74% May 3 80 May 11 1949 69 Sale 65 1952 May 26 80 May 21 56 27 31 28 28 4 1950 67% Sale Sale 86% Sale 83 May 41 May 86 May 82% May 90 May "2"6oo 29,000 17,000 51,000 57,000 5,000 35,000 90,000 109,000 77,000 6,000 237,000 42,000 Sale Sale Sale 88 101 Sale May 100% May 68 1% 102 104 Sale 98% Sale Sale Sale 95% Sale Suburb Water 5s._1955 72 May 11 52 Piedmont A Northern 5s. 1954 Pittsburgh Steel 6s 1948 Poor Sale Co 6s 4Hs series F 37 Sale 80 88% Sale 60% Sale Sale 46 Power Corp of N Y 5Ha--1947 Procter A Gamble 4%s__1947 63 100 1954 Sale Sale Sale 5,000 189,000 43,000 228,000 10,000 17 Sale 78% Sale 101 72 Sale Sale 77 78% Sale 78% Sale 75 12,000 Quebec Power 5s 53. 1968 Feb. 18 60 19 98 7 87 2 105 16 100% Feb. Mar. 14 Mar. 22 Jan. 6 Feb. 23 Apr. Mar. 5 7 4 4 59 21 78 63 77 Apr. 21 May 28 40 Mar. 2 732 Mar. May 65% May 62% May 86 May 79 Jan. 31 26 26 25 6 15 Apr. 27 May 28 May 31 Mar. 11 91% Apr. 14 14 8 2 87% Jan. 13 88 12 Jan. 81% Jan. 9 96% Mar. 10 89% Mar. 9 May 27 77% May 31 92 91 Mar. 10 85 Mar. Jan. 12 Mar. 23 3 93% May 9 43% Mar. 10 80 May 84 May 76% May 83 May 83 May 75 May 77 May 67 May 67 May 45 May 25 May 42 May 92% Apr. 83 May 88 Apr. 88% Jan. 83 Apr. 87% Jan. 75 May 61 Apr. 19 7 19 4 13 26 50 11 28 28 28 6 24 24 31 31 31 6 20 95 Jan. 96 Jan. 56 Jan. 6 Jan. 58% Mar. 82% May 26 94 100% May 31 105% 97% Jan. 30 103 91 May 31 98% 82 May 26 93% 67 Apr. May Apr. May Apr. 8 12 22 7 8 29 11 28 10 28 Mar. 16 102 Apr. 25 103% May 5 Feb. 29 52% May 31 85 50 May 20 71% Mar. 9 45 Apr. 14 May 16 60 67 79% Jan. 23 9 78 Feb. 4 86 Jan. 15 Jan. 16 Jan. 16 65 25 76 80 27 70 84 90% May 14 90 Mar. 31 6 100 5 6 4 96% May 94% May 5 7 2 May 20 34% May 28 May May 60% May 40 May 26 25 31 26 3 6 2 86% Jan. Apr. 50 63 May 18 May 2 72% 77% Sale 69 59% Sale 56 Sale 55% 56 39 68 69% Sale Sale 61% Sale 58% Sale 58% Sale '55% Sale" 58% 58% 55% May May May May May May May May May May May 31 105% May 6 26 73 May 13 25 May 4 19 25 26 31 20 31 26 31 72% May 20 4 94 Jan. 93 May 20 W* 78 May 78 v. May 67% May 62% May 46 May 70 May 64 May 61% May 75 May 10 2 11 20 13 7 12 12 3 50 72 91 Mar. 70 5 26 25 31 26 72 69 68 69 55% 58% 39 58% Mar. 11 Apr. 14 Mar. 16 Feb. 26 9 Feb. 13 Mar. 21 Jan. 20 Apr. 28 Apr. 26 Jan. 23 63% Mar. 8 7 8 Feb. 25 90 Jan. 85 70 Jan. 13 12 Mar. 8 92% Mar. 16 Apr. 11 90 75% Feb. 27 81 105 May 11 105 100% Apr. Mar. 10 Mar. 1 96% Jan. 94% May 77 5 Apr. 57 Apr. 44% May 55 May 96% Feb. 15% May 81 May Mar. 14 Apr. 22 May 20 94% Jan. 25 91% May 5 May 10 May 28 82 6 1% Mar. 9 101% Mar. 29 104 98% May 31 105% 55 Jan. 5 68% May May 60% May 40 May May 11 85 68 34% May 28 May 3 May 25 May 25 60% May 31 60 May 3 91 % May 3 78% May 6 §4* Feb. 16 102 54 May 18 99% May 2 100% May 12 15% May 19 19% May 2 81 5 May 5 81% May 101 72 Jan. 31 55 72 May 11 105 44% May 27 70 Sale Sale .... Kor footnotes see page W Jan. 90% Apr. 16 82% Mar. 30 94% Mar. 19 6 91% May 5 May 10 3 102 55 '99% Sale' Sale 19% 4Hs B..1957 341,000 6% perpetual certificates.. 45,000 Pub Serv of Nor Ills 5s C.1966 107,000 4Hs series D ..1978 290,000 4Hs series E ...1980 989,000 4Hs series F-. 1981 227,000 Pub Serv of Okla 5s D 1957 9,000 5s series C 1961 23,000 Pub Serv Subsid 5Hs A..1949 875,000 Puget Sound P A L 5%s_1949 5s series C 295,000 1950 1,075,000 4%s series D 1950 94% Mar, 94 Apr. 78% Apr. 101% Jan. Apr. 33 Apr. 87% May 56 2 % May 102 May May 31 104 May 98% May 31 104 105 Pub Service Co of N J— 62,000 39,000 36,000 17,000 91,000 73,000 9,000 Jan. May 31 May 31 May 28 May 20 78% May 72 1959 Pub Serv of N H 97 41 73 68 70 80% Mar. 9 63 Apr. 5 19 82 May 3 17 ,88 May 11 29 103% Apr. 30 27 67% May 2 62 May 3 94 May 4 88% May 6 91% May 23 84 Potrero Sugar 1st 7s 1947 Power Corp of Can 5s A..1957 Prussian Elec 6s 4 27 Jan. 27 26 91% May 77% May 81% Sale 1961 4Hs series B 9 26 Feb. 95% May 2,000 Potomac Elec Pow 6s B..1953 6,000 18,000 89,000 85,000 397,000 344,000 14,000 68 65% Jan. 9 67% Jan. 15 96 Apr. 5 79 28 100% 28 92 28 94% May 28 50 1939 A Portland Gas A Coke 5s. 1940 Potomac Edison 5s ser E.1956 9 11 11 May 26 Apr. 22 May 21 1% May 27 93 Hydro-Electric Co 6Hs class A 1960 1949 11 60 79% Sale 1972 Pittsburgh Coal 6s 5 Mar. 5 Mar. 14 27 May 41 May 86 May 82% May 90 Apr. 90% May 14 91 101% 1st A refunding 4 Ha..1957 347,000 8 May Jan. 94 85 41 "93% Sale" Piedmont 149,000 10,000 3,000 2,000 17,000 1,000 21.000 98 67% Jan. 40% Apr. 40 Apr. 41 Apr. 34 May 94 Apr. 36% May 45 May 38 May 78 May 82 May 70 Phila Rapid Transit 6s..1967 Phila 75 25 67 Phila Suburb Cos G A E 7,000 14,000 14 Mar. 93% May 9 8 May 28 93 82% May 26 92 100% May 31 105% 97% May 31 102% 91 May 31 98% 82 May 26 92% 45 "74~" Sale < 46,000 Jan. 11 10 75 84 Pa A N Y Canal A RR 5s. 1939 1,225,000 Phila 45 78 77 84% May 13 88 May 7 83 Electric 4s series F.1971 28,000 Penn Water Serv 5s A 1967 351,000 Peoples Gas Lt A Coke 4s B'81 165,000 Peoples Lt A Pow 5s 1979 111,000 Phila Electric Co 5s 1966 9 31% Jan. May 27 77% May 31 May 65% May 62% May 86 May 82 May Jan. Feb.. 63 5 2 9 72 May 26 May 31 75% May 3 76% May 6 71 % May 2 93% May 11 84% May 2 May 34% Jan. 84% Mar. 18 31 26 26 25 17 31 98% Mar. 10 15 46% Jan. 88 60 63 75 1948 Without warrants 280,000 216,000 5Ha series B 1959 655,000 Penn-Ohio PAL 5Ha A.1954 72,000 Penn Power Co 5s 1956 15,000 Penn Pub Serv 6s C 1947 5s series D 1,000 ..1954 84,000 Penn Telep Corp 5s C 1960 85,000 Penn Water A Pow 4H>..1968 5s 46,000 1940 17 11 24 31 31 11 60% May 31 75 5 May 75 May 31 May 28 83 1955 F Penn-Ohio Edison 6s 18,000 21,000 42,000 161,000 May May 103% May 96 May 35% May 87% May 74 May 64 May 63 May 51 45 Apr. Apr. May May May Apr. 75 Sale 1940 3,000 Penn Glass Sand 6s 22,000 31,000 May 31 May 31 May 28 75 83 H 1,005,000 Pacific Gaa A El 1st 4Ha.l957 6.000 9*666 82 88 103% 8 a32 74 Penn Dock A Warehouse Co 82,000 31,000 8,000 51% 2 11 19 2 12 14 11 12 27 11 4 10 3 11 10 92 20 58 21 36,000 Okla Pow A Water 5s A.. 1948 41,000 Osgood Co 6s with warr.1938 34,000 Oswego Falls Co 6a 1941 48,000 Park A Tilford 6a ..1936 510,000 Penn Cent Lt A Pow 4Hs 1977 5s 1979 44,000 80,000 95% 53% 65 80 103% Sale 1960 5,000 64,000 1,000 77,000 51 May May May May May May May May May May May May May May May May May 1935 196.000 "2"o6O 53 53 96 84 94% May 18 18 May May 74% May 64 May 24% May 23 86% 92% 22% 66% 53% 82 May 99% May 41 84% Sale 3 27 24 31 31 31 May May May May May May May May May May May May May May 99% Sale 1935 9,000 Pacific Ltg A Pow 5s 1942 693,000 Pacific Power A Light 5s.1955 1,457,000 Pacific Western OH 6 Ha.1943 72,000 95% 36% 78 102% Sale ......1940 . 34 38 1970 notes. 44% 43 1948 Nor Ohio PAL 5Hs 5 H % 44% 45 1969 1,000 Northwest Electric 6s 5,000 260,000 104,000 228,000 132,000 422,000 Sale 18 Sale Sale Nor Ohio Trac A Lt 5s...1956 22,000 1,000 193,000 90,000 198,000 20 88% 72% 59% ...1966 5s series D 249,000 1,688,000 93 "58"" Sale" 92% Sale North Texa a Utilities— 44,000 Sale 23 Nor States Power 52.000 12 Highest. Sale Prices. Sale Sale 14% Sale .1948 Nor Ind Pub Serv 5s 147,000 598,000 120,000 6,000 240,000 ' Sale Lowest. Sale Prices. 93 % 1951 120,000 9,000 109,000 472,000 Niagara Falls Power 6a. .1950 5s series A ....1959 84,000 726,000 Nippon Elec Pow 6H>...1953 19,000 Nor Amer L & P 5% notes '33 Serial 5% notes 1934 79,000 Serial 5% notes.......1935 51,000 Serial 5% notes 1936 51,000 '2:666 72,000 93 Highest Sale Prices. Sale Sale Sale 5,000 New Rochelle Wat 5 Ha A *51 N Y Cent Elec 5 %s 1950 24,000 4,766,000 Lowest. Sale Prices. Ask 96% 36% 34% 78 68% N Y A Foreign Invest 17,000 619,000 32,000 May 31. Ask. Bid. Bid. National Tea Co— 45,000 RANGE SINCE JAN. 1. Price Jan. 1. ■ 51 Mar. 9 Mar. 15 May 11 13 10 Jan. 15 63 60 Mar. 14 27 18 72 14 Mar. 10 Mar. 15 10 100% May 12 31 Feb. 16 5 85 Jan. 28 19 11 107 May 26 9 Apr. 90 Mar. Jan. 81% Mar. 7 8 9 Apr. 12 84 May May May May May May May 25 82% Jan. 16 79% Jan. 19 62% May 20 26 28 20 31 50 Jan. Jan. 22 9 26 81% Mar. 77% Mar. 31 73 Mar. 10 72% May 20 75 Feb. 25 58% 55% 8 9 NEW 52 Price NEW YORK In CURB Since Jan. 2 EXCHANGE Jan. 1. May 2. 1932. Ask. Bid. (Continued) BONDS S $ Bid. Lowest. Ask. Sale Prices. 70 May May 5 7 83 May 23 May 9 40 May 27 50 May 2 65 5 10 27 25 24 26 17 67 May 5 * 13,000 23,000 85,000 9,000 68,000 153,000 34,000 48,000 paid Reliance Management 50 1941 5s. 1954 Sale 57 May 23 2554 May 20)4 May 21 May 10 69)4 May 82,000 Rem'ton Arms 5)4% notes *33 581,000 Republic Gas Corp 6s A--1945 68 A ctfs of deposit 1945 16,000 308,000 Rochester Cent l'ow 5s A 1953 1953 611,000 Ruhr Gas Co 6)48--1958 146,000 Ruhr Housing 6J4s A 143,000 Ryerson (Jos T) & Son* *sl943 6,000 221,000 1,000 3,000 Louis Gas ft Coke 6a—1947 273,000 1944 14,000 St Paul Gas Light 5s 1,542,000 Safe Harbor Water Pr 4)4» *79 9,000 Salmon River Power 5S..1952 1958 181,000 San Ant Pub Serv 5s 55,000 13 H 12 21% Sale 20 Sale 64 82 6 281,000 60,000 109,000 160,000 12,000 1,000 19,000 1,000 17,000 611,000 241,000 88,000 70,000 374,000 ■ 51",666 6,000 , 2,707,000 5s series 85 6s......2825 Southern Calif Edison 5s 1951 General 5s 1939 230,000 Refunding mtge 5s 1952 400,000 Ref Mtge 5s 1954 832,000 Ref mtge. 5s new 1954 630,000 440,000 Southern Calif Gas 5s—1937 5s *-.—-1957 29,000 16,000 5^8 Series B ...1952 1,437,000 Southern Co Gas 1944 843,000 7s 1946 without warrants. 1939 187,000 Sun Oil 534s 122,000 5% notes 1934 ..1940 5,000 Sun Pipe Line 5s 370,000 Super Power of III 4)4s— 1970 68....———..1961 6,000 4)4s 1968 392,000 .—..1940 721,000 Swift & Co 5s 5s.*—*—*—————.*1944 708,000 36,000 38", 606 36,666 233,000 198,000 192,000 8,000 185,000 49,000 3,000 "4"666 90,000 124,000 711,000 22,000 139,000 22,000 87,000 13,000 137,000 39,000 3,000 15,000 91,000 140,000 952,000 284,000 739,000 157,000 23,000 ■ 126,000 25,000 40,000 69,000 62,000 23,000 126,000 10,000 216,000 41,000 113,000 5,000 17,000 6,000 8,000 372,000 493,000 90,000 245,000 40 Jan. 9 42 Feb. 13 55 Sale 55 Sale 65)4 May 65 May 70 May 65)4 May 56 May 58"" Sale 65)4 Sale 70 65)4 Sale 58 series B Union Gulf Corp 5s 5s 1932 728,000 Deb 6s series A 1973 64,000 1942 139,000 United Pub Serv 6s 1938 28,000 U S Radiator 5s ser A 21,000 United Rys of Havana 7)4a '36 U S Rubber 6)4 Serial 24 23 19 23 7 Serial 6)4% 77 Sale notes—...1935 1936 notes—...1937 notes.....1938 notes 1939 notes 1940 Serial 6)4% Serial 6)4% Serial 6)4% Serial 6)4% Serial 6s 53 —.1933 May May May May Apr. Apr. 23 23 19 23 21 22 52 98 Sale 97X Sale 47)4 Sale Sale Sale Sale 100)4 Sale 95)4 Sale 95 X Sale 98 101 98 34 98 Sale Sale 94 28 May 4 59)4 May 23 May 4 55 May 10 68)4 May 2 28 24 May Jan. May 2 29 50 Jan. 31 99)4 May 9 31 10254 May 12 9 27 99)4 May May 9 31 99 94 94 100)4 95)4 95)4 May May May May Sale May 31 86)4 May 11 73 81 88 May 3 May 11 ..... Sale Sale 73 31 70 Mar. 8 45)4 May 31 85 Mar. 9 93 Feb. Apr. May 73 Jan. 91 Mar. 22 Apr. May 97 Mar. 26 May 31 Feb. 4 Jan. 27 80)4 Mar. 29 27 41 Mar. 11 45 May 24 55 Apr. 7 6)4 Jan. 14 84 May 31 8154 May 3 67 Sale Sale Sale 67 28 30 45 May 31 May 31 73)4 May 2 39)4 May 11 38 May 9 51 May 17 Sale 62 X 62)4 Sale Sale 75 Sale Sale Sale 65 75 74)4 Sale 65 X Sale 52)4 Sale 64)4 Sale Sale 57)4 Sale 57)4 Sale 4954 Sale 49)4 Sale 59 Sale 57 Sale 47)4 Sale 35 Sale : 24 May 10 61)4 May 5 48 May 28 1154 May 3 4354 May 27 89 " 50 Sale Sale Sale 33)4 Sale 30 Sale 51 Sale 39 40 50 38 40 33)4 30 50)4 54. 2654 Sale' 23)4 27)4 Sale 23)4'Sale 19)4 Sale 22 19 57 16 6254 28 26 31 57 31 51)4 50)4 60)4 60 47)4 35 31 31 26 31 16 57)4 59 May 3 May 23 May May May May May 10 May 7 May May May May 90 Sale Sale 88 58 Sale 5454 Sale 73)4 Sale Sale 9954 Sale 96)4 Sale 94 86)4 Sale 81)4 S ale 87 Sale 95)4 Sale May 4 May 13 24 X May 12 23 May 4 May May 4 - 9 58 Sale 49)4 Sale 7754 Sale 74 89 Sale Sale '84)4 Sale 10 15 28 3 27 28 26 31 31 31 31 22 May 4 19 May 13 Jan. 7 29)4 Jan. Jan. 7 7 12 Apr. 12 58 48 1154 4354 50 38 40 33)4 30 50)4 53 23)4 27 X 29 31 16 80 Jan. Mar. 81 Jan. 14 70 Jan. 27 Sale Sale' 2854 Sale Sale Sale 1254 Sale 65 90 Sale 84)4 Sale 7854 Mar. 10 79 Jan. 14 Jan. 14 60)4 May 5 60 Apr. 15 68)4 Jan. 14 51 Jan. 8 31 Mar. 3 May 27 a62X May 7 86 Feb. 2 67 31 96 91 Mar. 1 89 52 87 Mar. 4 90 Mar. 11 72 Jan. 7 15 86 Apr. J an. Apr. 5 2 87 X 5 74 May 17 95 93)4 May 31 101 94 Apr. 9 97 X 103)4 May 17 104 Mar. 15 Sale Sale Sale Sale 56 48 Sale' Sale 30 Sale' 59 Sale 15 50)4 Sale 79 Sale 100 Sale Sale Mar. 14 81 Apr. Feb. 12 5 92)4 Mar. 92 Feb. 13 86 Mar. 19 May May May May May May May May May 27 31 31 10 4 68 31 81 26 95 28 30 14 86 19 J4 May 7 24)4 May 6 50)4 May 14 42 38 35 12)4 May 28 63 May 26 15 67 83 May 9 76)4 May 12 13 May ~ 84)4 May 83)4 May 98 May 37)4 May 87 May 18 54 May 3 30 May 26 May 2 May 13 May 27 May 31 May 31 8 Apr. 29 68 X May 31 78 Apr. 11 95 Apr. 63 29 Sale' 46)4 Sale 25 Sale 2554 Sale 63 Sale 64 Sale 9 26 Feb. 2 61 48)4 Mar. 17 8554 Mar. 11 24 Feb. 15 9254 Feb. 29 Mar. 24 98 May 2 43 Jan. 94 Mar. 2 Apr. X Apr. 24)4 May 32)4 Apr. 12 12 X May 28 63 May 26 3454 Mar. 9 71X Feb. 19 86 May 18 3X Jan. 21 87 May 4 May 26 9954 May 16 90)4 May 3 90 Feb. 24 100 84 84 May 17 86 86 May 26 May 17 May 26 93)4 May 7 92 Apr. 28 5154 May 3 20)4 May 3 21)4 May 12 50 May 3 48 May 11 70)4 May 6 50)4 May 80 May 100)4 May 49 May 4)4 May 23 May 16 22 May 2 33 33 May 14 X May May 45)4 May 30 May 68)4 May 39)4 May 6754 May 99)4 May 46 May May May May 18 39" Mar. 16 Apr. 22 May 19 71)4 Jan. 2 Sale 3 20 Jan. 2 21 22 Mar. 67 2 19 81)4 Sale Mar. 10 54)4 May 92 33 62)4 Mar. 10 73 71 86 22 1 75)4 May 98 Sale Sale 27 86)4 May 35 63 2854 Sale 9154 Feb. 25 72 34 May 19 42 31)4 95 Mar. 12 81)4 May 31 35 63 10)4 Sale 70 Sale May 16 May 14 64)4 May 87)4 May May 4 93)4 May 31 100 97 May 9 94)4 May 31 May 19 103)4 May 17 104 44)4 Sale Sale Sale 91 89 54 54 May 5 67 May 17 75 75)4 Sale 98 43 May Apr. May May May May May May May May May Jan. May May 4 67 31 87. 70 May May May May May May May May May May 10 64)4 May 17 4 26 86)4 Mar. 12 :l.C> Sale 25 62)4 Sale 15" Sale' 55 , 67 4 99)4 May 9 10254 Mar. 14 99)4 May 9 99 May 9 9854 Apr. 22 88)4 Mar. 10 93X Feb. 70 Sale 49 Feb. 9854 Feb, Sale May 31 May 24 11 59)4 May 23 May 4 29 75 30 Jan. 7 Mar. 23 4 13 70 28 Mar. 10 Jan. 40 4 29 45)4 May 31 Mar. 12 Mar. 10 Mar. 14 70 35 4 4 93 71 86 75 May 4 May 18 95 73 29)4 Sale 76 76 May May 50 6754 Sale 1933 Serial 6)4% notes May 20 29 % notes..1932 634% notes 50 52)4 54)4 5954 53 X 6 70)4 Mar. 19 75 Feb. 16 28 34 Sale Serial 6)4% notes..... 1934 feetnates see page 23 55 May 31 May 31 22 warrants United Indus 6 H* — 126,000 90,000 78,000 89,000 200,000 86,000 87,000 106,000 1,882,000 61)4 Sale 54)4 Sale 5454 Sale 52)4 May 54)4 May 5954 May 53)4 May 52)4 May 9 8c Pow (Mo) 1941 1st 6s ....1945 United Lt & Pow 6)4s 1974 Deb 6s— 1975 737,000 5)4s_ 1959 137,000 United Lt & Rys 5)4s 1952 1,506,000 6s series A 1952 303,000 52,000 20,000 21,000 20,000 35,000 17,000 13,000 16,000 10,000 301,000 Sale Sale 65 A.1948 Without 14 99 May 19 88 95 May 31 Apr. 28 95 Feb. 11 10054 May 18 7 70 Jan. 85 Apr. 1 1 82 82 Apr. Apr. 1 102 Apr. 11 102 Apr. 11 84)4 May 31 99)4 Feb. 13 4454 Feb, 15 1967 1950 1,000 Union Terminal Co 5s—1942 26,000 United Elec of N J 4s_ —1949 United El Serv (Unes) 7s_1956 241,000 1,079,000 7 Jan. 15 6s—*——..—1944 Union Amer Invest 5s 23 25)4 Jan. 5 15)4 May 28 Sale Tenn Power Co 5s Union Electric Lt 299,000 1,000 May 26 9754 Apr. 21 Sale 489,000 213,000 168,000 5,000 157,000 159,000 Twin City Rap Tr 5 HsA.1952 681,000 94,000 84)4 Jan. 27 15 fenn Elec Power 5s (Tien & Co 10 20 )4 —1954 1956 -.1962 Tenn Pub Serv 5s 1970 Ternl Hydro-Electric Co— 6)4s without warrants. 1953 Texas Cities Gas 5s 1948 Texas Elec Service 5s 1960 Texas Gas Utilities 6s 1945 Texas Power & Lt 5s 1956 6s 2022 5s 1937 Thermoid Co 6s with warrl934 Toledo Edison Co 5s ,1947 Trl Utilities Deb 5s 1979 Mar. 31 Jan. 14 Jan. 9 Feb. 15 40 25)4 Sale 1957 974,000 Syracuse Ltg 5s B 1st & ref 5)4s 8,000 35 96)4 May 1,000 Strawbridge & Clothier 5s '48 1937 2,000 Stutz Motor Car 7)4s 26,000 14 26 17 4 2 26 40)4 May 23 20)4 May 24 23 May 12 62)4 May 2 58 May 2 Without 7,000 6)4s with warr ...1938 489,000 Southwestern G 8c E 5s..1957 160,000 Southwestern LAP 5s*. 1957 1945 287,000 Southwest Nat Gas 6s 543,000 Southwestern P & L 6s..2022 140,000 Staley (A E) Mfg 6s 1942 1935 1,406,000 Standard Gas & Elec 6s Cony 6s..........—.—1935 1,293,000 6s 1951 1,034,000 6s 1966 661,000 1939 430,000 Standard Invest 5)4s 5s without warrants 1937 123,000 Stand Power 8c Lt 6s....1957 1,355,000 87,000 Standard Telep 5)4s A...1943 Stlnnes (Hugo) Corp 7s Oct 1 '36 without warr.. 574,000 Jan. 3354 May 16 15)4 May 28 15 May 31 55 May 31 50 May 20 privilege 22,000 So'west Assoc Tel 5s A—1961 Southwestern Dairies— 148,000 25 84)4 May 31 Without warr.——. Southern Nat Gas 6s 27 25 14 Sale 1961 6)4* 1935 1st & ref 4^8 88)4 Jan. 81 Mar. 5 May 1 26 16 May 19 6 99 May 3 31 94 18 10054 May 18 May 14 19 72 18 2 10 37 X Sale C............1970 Southeast P 9c L 74,000 1,026,000 98,000 82,000 ,.1932 4 s series D .......-.1970 1,282,000 1948 70,000 Sheffield Steel 5)4«32,000 Sheridan Wyo Coal 6s—1947 Silica Gel Corp 6)4% notes with warrants 1932 28,000 157,000 Snider Pack 6% notes...1932 6s conv B certifs of deposit 1,000 42,000 Sou Carolina Power 5s..1957 20,000 340,000 37,000 13,000 87,000 30,000 324,000 212,000 215,000 115,000 140,000 46,000 294,000 26,000 Sale May 16 Jan. 3654 Sale 1,194,000 Shawlnlgan W & P 4 )4s_ .1967 484,000 4)4s series B 1968 200,000 50,000 39,000 88" May May May 10054 May 70 May 5 98 88 12 2 Jan. 93)4 Sale 65,000 Schulte Real Est Co 6s...1935 6s without warrants...1935 177,000 290,000 Scripps (E W) Co 5)48—1943 1948 50.000 Servel Inc 5s 804.000 13 106 May 27 106 9 9054 Sale Public Works— 5% G notes... 2,429,000 17", 660 3,000 84,000 Sale 13)4 May Prices Mar. 30 May Jan. Mar. 53 May 7 May 8 May 18)4 May 13 May 15 May 60 May 1958 5s series B reg Saxon 4,000 Sale St 5,000 9,000 38,000 49,000 19)4 Sale ' 15)4 Sale Sale , 553,000 7)4 Sale Sale 25% Sale 19 Sale 3,000 San Joaquin L & P 6s B..1952 1955 140,000 Sauda Falls Co 5s 61,000 May 53 May 7 May 8 May 18)4 May 13 May 15 May 60 May With warrants... 119,000 May 1 5 May 7 65 75 100 1941 paid.. Deb 6s part Deb 6s full ,u 40 70 Sale Sale Prices. Radlo-Kelth-Orpheum— 19,000 30,000 2,000 H ighest Lowest. ; 82 1958 4)4s 22,000 Highest. Sale Prices. May 31. Ask. Bid. 51,000 Queens Boro G & E 5)48.1952 21,000 22,000 RANGE SINCE JAN. 1. PRICES IN MAY. AGGREGATE SALES May. EXCHANGE CURB YORK 83)4 May 9 35 May 17 27)4 May 5 26 May 3 25 May 16 24)4 May 9 25 May 3 25 May 4 63 May 2 May 17 86)4 May 39 May 37 May 33 May 29 X May 30 May 27 May 27 X May 65 May 20 4 19 20 26 23 26 27 27 May 31 14)4 May 26 19 May 16 45 X May 25 30 May 31 68)4 Apr. 20 Mar. 18 96)4 Mar. 10 May 17 93 X May 7 86 23 65 Feb. 32 33 Jan. 66 Jan. 15 66 Jan. 15 85 Jan. 2 8 Mar. 24 39)4 May 27 68)4 Jan. 14 Mar. 3 88 6754 May 25 5 100)4 May 7 92X Jan. 46 2 21 18 96 66 35 27 X May Apr. May May Jan. Jan. May May 26 Apr. 25 Apr. 24 Apr. 21 Apr. 22)4 Apr. 5954 Jan. 13 64 Mar. 12 20 26 29 40 Mar. 24 24 31 Feb. 15 4 100 F«h. 4 14 17 5 16 8 14 6 14 §6)4 63 May 20 Jan. 7 63 Jan. 13 2 46)4 Jan. Mar. 20 19 Jan. P 39 Mar. Jan. Jan. 6954 Jan. 40 9 9 26 21 16 NEW CURB YORK AGGREGATE SALES In May. $ 6,000 21,000 42.000 8,000 PRICES IN MAY. NEW YORK GUBB EXCHANGE Since Jan. "7~o66 149,000 11,000 48.000 Ask. Ask Bid. 69 Hi Bid. Lowest. Lowest. Highest. Sale Prices. Ask. Sale Sale Prices. 69% May 2 May 31 May 26 ~50" Sale" 70 May 4 622* May 11 922* May 12 68 Sale 2022 80 50 89 1952 E 68 Sale" May 31 Highest. Prices. Sale Prices. 69% May 2 50 May 31 May 26 89 Jan. 5 194C 10,000 Valapar Corp 6s— .1437 22,000 Valvollne Oil 7s 5,000 Van Gamp Packing 6s. .1948 Van 5,000 9,000 Bid. May 31. May 2. 1932. BONDS (Concluded) Utah Power & Light 5a__ 1944 80,000 6s series A 29,000 605,000 Utlca Gas & El 5s RANGE SINCE JAN. 1. Price Jan. 2 1. $ 53 EXCHANGE 22 83 Jan. 15 702* Apr. 7 942* Mar. 11 12 Mar. 24 85 Feb. 20 68 May 31 392* Mar. 28 402* Apr. 6 10 May 16 49, Jan. 30 98 Jan. 13 . Sweringen Corp— 6s with warrants .1935 20,000 223,000 Virginia Elec Power 5s.. .1955 1942 5Ks 52,000 9,000 Virginia Power Co 5s... 1942 560,000 Virginia Pub Ser 52*8 A. 1946 6s.. 1946 176,000 5s series B .1950 481,000 10 May 25 842* May 24 57 X 64 19 60 2* 50 59 2* Sale Sale Sale Sale 592* Sale May 25 912* May 4 May 25 842* May 24 952* Mar. 16 922* May 4 55 May 4 41 May 26 552* May 7 Sale Sale 10 942* May 26 612* May 2 50 May 2 592* May 2 92 Feb. 23 54 Apr. 14 May 26 552* May 7 41 8 942* May 26 792* Feb. 26 702* Feb. 3 74 Feb. 23 962* Apr. Waldorf Astoria Corp— 68,000 5,000 10,000 12,000 24,000 24,000 9,000 292",600 90,000 37,000 2,000 13",066 1.000 15,000 1st 7s with warrants-._1954 1,163,000 5,000 Wanamaker (J) Phila 52*s 49 ..1937 65,000 Ward Baking Co 6s 1960 158,000 Wash Water Power 5s Western Newspaper Union— Conv deb 6s 1944 213,000 .2030 170,000 West Penn Elec 5s 1961 112,000 West Penn Pow 4s H 1,000 West Penn Traction 5S..1960 1957 1,593,000 West Texas Util 5s A 187,000 West United G & E 52*s A 55 5 Sale 15 Sale 32* Sale 95 Sale 15 May 2 352* May 27 162* Sale Sale Sale 45 77 692* Sale 28 Hi . May 4 May 21 18 32* May 31 May 19 May 17 Feb. 13 93 78 92 50 May 4 912* May 12 Jay 31 ay 31 452* May 13 78 May 7 - 142* Apr. 29 352* May 27 85 74 Jan. 25 Mar. 12 282* May 31 62 2* May 31 202* Jan. 1012* May 4 102 97 May 23 97 292* Jan. 66 Feb. 92 Mar. 74 Mar. 65 Feb. 80 Mar. 9 102 Feb. 96 Apr. 23 98 Jan. 8 46 93 2* Sale 93 80 69 80 May 10 May 4 79 Sale May 5 May 10 May 25 952* May 23 79 2* 90 Sale 75 2 75 942* Sale 1956 1958 93 80 99 May 12 May 23 Apr. 28 Apr. 13 May 25 69 9 May 19 902* Mar. 5 972* Jan. 12 93 45 alOl Hi Sale ,..1954 5s series F 95 May 12 282* 622* Sale 622* Sale May 2 May 19 May 2 82 91 Westvaco Chlorine 5Hs~. 1937 Wisconsin P A L 5s E 5 93 78 Wheeling Elec Co 5s 1941 Wickwlre Spencer 72*«—1932 Wis Elec Pow 58 A. 32* May 31 May 19 May 17 922* May 19 93 ... 165,000 4,000 19,000 21,000 83,000 123,000 Sale 82 21 26 22 12 19 26 May 12 Apr. 29 Jan. 16 952* May 23 89 Jan. 15 88 Jan. 12 Wisconsin Pub Serv 9,000 "4~,066 7,000 May 24 90 May 852* May 25 782* May 5 6s Series A 1952 71.000 5%e Series B 1958 19,000 62,000 Yadkin River Power 5s..1941 ...1937 15,000 York Rys Co 5s 90 May 5 May 16 262* May 18 25 May 19 165* May 24 322* May 26 292* May 20 1 Apr. Jan. 18 932* Mar. 30 832* Apr. 22 May 24 85 Jan. 7 852* May 25 76 Apr. 25 95 91 33 May 3 332* May 25 22 Jan. 21 Jan. 202* May 5 35 34 30 372* May 302* May 5 4 162* May 24 282* Jan, 5 27 Apr. 15 May 28 ,7 May 4 202* May 31 112* May 28 60 May 26 53 May 19 35 May 24 May 682* May 54 May 2 2 7 5 80 FOREIGN GOVERNMENT AND MUNICIPAL 34,000 48,000 22,000 73,000 43.000 47,000 171,000 81,000 19,000 7,000 23,000 148,000 219,000 12,000 6,000 92,000 2,000 4,000 36,000 Agrtcul Mtge Bk Rep of Col— 20-year 7s Jan 15 1946 293,000 20-year 7s Jen 15 1947 338,000 1951 121,000 Baden (Germany) 7s 1,432,000 Buenos Aires (Prov) 7H>.1947 7s 1952 410,000 Caoca Valley (Dept of) Rep of Colombia extl • f 7a.. .1948 98,000 1,377.000 22 22 Sale Sale 202* Sale 1st mtge coll s f 7s 1944 396,000 51,000 Lima (City), Peru, 6HS..1958 .1958 20,000 Vfaranhao (State) 7s 112,000 MedeUin (Colombia) 7s..1951 Sale Sale 30 11 322* Sale Sale Sale 34 202* Sale Sale 3 Cent Bk of German State A Prov Banks 6s ...1951 6s 1952 379,000 93,000 Danish Cons Munlc 5 His. 1955 5s 1953 29.000 Danslg P & Wat*way Bd external s f 6Ks 1952 132,000 1,735.000 German Cons Munlc 7s..l947 6s 1947 1,374,000 164,000 Hanover (City) Ger 7s... 1939 152,000 Hanover (Prov) 62*>---—1949 Indus Mtge Bk of Finland Sale 32 35 24 Sale "62" Sale' 332* Sale 23 2* Sale 20 2* Sale s50 24 Sale 202* Sale Sale 60 Sale 25 15 Sale Sale 132* Sale 512* Sale 5Sale 3 25 15 May May 132* May 18 May 15 May 3 May 5 52* May 14 52* May 2 95* May 20 65 52* 52* 132* May 28 Jan. Jan. Jan. 44 Apr. 432* Jan. 28 29 13 152* Jan. 14 7 28 202* May 31 112* May 28 53 Jan. 7 45 Feb. 13 402* Feb. 10 362* Feb. 17 75 Mar. 29 642* Mar. 29 25 15 May 28 37 31 24 May 31 r212* May 12 r212* 4 20 242* May 4 26 182* May 51 2 4 44 H Jan. 32 36 31 & Mar. Jan. 13 14 9 28 14 70 Apr. 7 May May 132* May 18 May 15 May May 17 May 6 May 2 May 4 28 31 31 20 26 51 May 3 2* Feb. 52* May 92* May Jan. Jan. 92* Mar- 9 Feb. 16 18 Jan. 13 10 " Mendosa (Prov) Argentina 7Hl 1951 111,000 8,000 19,000 458,000 398,000 381.000 541,000 47,000 208,000 10,000 20.000 20,000 211,000 79,000 45,000 '■ 372* Sale 212* Sale 255* Sale 25 Sale 10 Sale 91,000 Parana (State of). Bras 7s.'58 1959 108,000 Rio de Janeiro 1919 75,000 Russian Govt *2*« 6 His certificates 1919 360,000 5 Ms 1931 88,000 $Hs certificates .1921 60,000 115,000 47,000 77,000 Mtge Bk of Bogota 7s 7s Issue of 1927 1947 202* Sale (AAO). 1947 Mtge Bank of Chile 6s. . . 1931 Mtge Bank of Denmark 5sl972 Netherlands 6s 1972 1032* Sale 32* Sale 2* Sale 202* May 21 372* 25% May 20 27 24 May 23 27 10 132* May 31 51 May 23 542* 1032* May 17 1032* 42* 32* 2* 2* 2* % May May May May May May 24 26 .0 1 21 1 May 2 202* May 9 202* May 9 202* 10 May 6 51 May 13 May 3 101 72* May 62* May 1 May 1 May 1 May 1 May 11 42* 32* 2* 2* % U. 41 37 37 16 68 May Jan. Jan* May May Mar. May May Apr. Apr. May Feb. Apr. 14 25 23 17 Mar. 16 Jan. Jan. Feb. 1042* Feb. 24 24 112* Jan. 26 16 21 14 25 23 1* Jan. Jan. Jan. Jan. Jan. 26 20 28 7 29 26 Saar Basin Con Counties 27,000 24,000 16,000 13,000 7,000 * 7s 1935 86,000 62,000 Saarbruecken (City) 7s..1935 Santa Fe (City) Argentina 41,000 Republic extl 7s. ...1945 1949 107.000 Santiago (Chile) 7s 15,000 Santiago (City of) 7s....1961 No par value, n Sold under the rule, r 93 Sale 97% Sale 892 982 Sale Sale 20 10 2* Sale Sold for cash, May 18 May 26 May 17 4 42* Sale a Deferred delivery sales, "Under the rule" sales affecting the range were made as follows in 1932: May 3 May 18 83 Jan. 88 Mar. 18 May 3 982* May 18 302* May 4 5 May 9 42* May 26 20 May 18 May 26 May 17 382* Mar. 17 13 Feb. 18 13 Jan. 21 892* May 28 95 972* May 16 982* 4 z Ex-dividends. y 4 4 9 95 Ex-rights. 11, Cities Service pref.'B # 1936, $1,000 at 312*; Jan. 27, Sylvanite Gold Mines, 100 at 2* • Jan. 5, Netherlands 6s 1972, $10,000 at 106; Jan. 10 at 5; Jan. 18, Rio de Janeiro 62*s 1959, $12,000 at 162*: Jan. 25, Stinnes (H.) deb. 7s, Public Jan. 27, Welch Grape Juice, 25 at 372*; Feb. 2. Bulova Watch pref., 10 at 122*; Feb. 4, Russian Govt. 52*s, ctfs., 1921, $1,000 at 12*; Feb. 8, Service of Nor. 111. 42*s 1978, $1,000 at 85; March 1, Kansas City Gas 6s 1942, $4,000 at 98; March 7, Central Power 5s series D 1957, $1,000 at 72; March 9, Union Gulf Corp. 5s 1950, $1,000 at 98; March 9, United Light & Rys. deb. 6s 1973, $2,000 at 652*; March 10, Shawinigan Water & Power 42*s series B 1968, $2,000 at 78; March 23, Nipissing Mines, 100 at 12*; March 31, Jones & Laughlin Steel 5s 1939, $3,000 at 1032*; April 1, Iowa Power Light 42*s 1958, $1,000 at 812*; April 5, Dallas Power & Light 6s 1949, $1,000 at 105; April 26, Toledo Edison 5s 1947, $1,000 at 94; April 27, Pacific Gas & Electric 52*s series C 1952, $2,000 at 1032*: May 3, Houston Light & Power 5s series A 1953, $3,000 at 96; May 9, Interstate Telephone 5s series A 1961, $2,000 at 68; May 18, Wheeling Electric 5s 1941, $1,000 at 101; May 19, Blackstone Valley Gas & Electric 5s 1939, $1,000 at 1022*; May 24, Syracuse Lighting 5s series B 1957. > ' : & "Deferred delivery" sales affecting the range were made as follows in 1932: Jan. 2, Beacon Oil deb. 6s 1936 with warrants, $9,000 at 94; Jan. 2, Hamburg Elevated Underground & St. Ry. 52*s 1938, $1,000 at 29; Jan. 2, Industrial Mtge. Bank of Finland 7s 1944, $1,000 at 50; Jan. 4, West Penn Electric deb. 5s 2030, $1,000 at 532*; Jan. 7, Piedmont Hydro-Electric 1st & ref. 62*s 1960, $2,000 at 51; Jan. 13, N. Y. & Foreign Investing deb. 52*s 1948, $1,000 at 412*; Jan. 15, Kansas City Gas 1st mtge. 6s 1942, $5,000 at 97%; Jan. 20, Southwest Dairy Products deb. 62*s 1938, $1,000 at 7; 1, Tri-Utilities Corp. deb. 5s 1979, $2,000 at 32*; Feb. 6, Pittsburgh Steel 6s 1948, $1,000 at 76; Feb. 8, New Bradford Oil, 500 at 2*; Feb. 29, 942*; March 7, Gillette Safety Razor 5s 1940, $1,000 at 94; March 10, Interstate Power 5s 1957, $5,000 at 70; March 12» Indiana & Michigan Electric 5s 1955, $2,000 at 94; March 17, American Solvents & Chemical 62*s w. w. 1936, $1,000 at 142*; March>29, Art Metal Works, com., 100 at 1%; March 30, Arkansas Power & Light $7 pref., 20 at 73; April 5, Public Service of Nor. 111. 7% pref., 75 at 68; April 8, Assoc. Telephone Utilities 52*s 1944, $2,000 at 28; April 9, Securities Corp. General, 300 at 2; April 11, Assoc. Telephone Utilities 6s 1933, $1,000 at 37; April 12, Claude Neon Lights, com., 100 at %; April 13, Middle West Utilities 5s 1935, $1,000 at 5; April 14, Central Public Service deb. 52*s 2. w. w. 1949, $5,000 at 3; April 14, Northern States Power 7% pref., 100 at 64; April 15, Fairbanks Morse 5s 1942, $1,000 at 48; April 15, Southwest Bell Telephone 7% pref., 150 at 110; April 20, Mississippi River Fuel 6s w. w. 1944, $1,000 at 71; April 23, Central Public Service class A, 100 at %; April 30, Pacific Gas & Electric 6s series B 1941, $2,000 at 1052*: May 14, Pacific Western Oil, 100 at 32*; May 21, Interstate Equities Corp., 200 at 2*.; May 25, Hamburg Elev. Underground & St. Ry., 52*s 1938, $5,000 at 232*; May 26, Hollinger Consol. Gold Mining, 300 at 32*; May 26, Middle West Utilities 5s 1932, $5,000 at 3; May 28, Cities Service deb. 5s 1950, $4,000 at 162*; May 28, Gommerz und Privat 52*s 1937, $1,000 at 29; May 28, Middle West Utilities 5s 1934, $1,000 at 12*; May 28, Middle West Utilities 5s 1935, $5,000 at 12*; May 31, Assoc. Tel. & Tel. 52*s A 1955, $1,000 at 28; May 31, Houston Gulf Gas 62*s 1943, $1,000 at 20. . V • Feb. Atlas Plywood deb. 52*s 1943, $1,000 at 33; March 7, Bell Telephone of Canada 5s 1957, $9,000 at New York Produce Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON SECURITIES MARKET ON May 1931. 369,109 2,369,479 Shares Jan. 1 to May 31___ AGGREGATE SALES. 486,077 2,623,496 May. Jan. 1. PRICES BONDS STOCKS Shares. 1 100 Allied Atlas Gap......... * 1,600 Allied General $3 pref -* 200 Am Utll General A con 20 ...15 5,500 Andes Petroleum 100 Assoc Dye & Print v t c* 39,500 Bagdad Copper 1 10 14,900 Bancamerica-Blair Cap 9,800 Basin Montana Tunnel A_. 40,000 Belmont Metals Corp 1 1,500 Big Missouri Mining 1 3,000 Black Hawk Cons Mines—$1 500 Chemical Research. * 600 Columbia Baking 300 Columbia Baking 1st pref..* 19,500 Como Mines...........—-.1 . 100 1,000 800 ..... - - 1,300 23,000 100 7,400 1,400 8,000 91,300 ""266 "7",300 Detachable Bit of Amer..—* Detroit & Canada Tunnel. .* Diversified Trust Shares C.¬ Eagle Bird Mine capital 1 Eldorado Gold Mines Ltd—1 2,300 4* 300 , w 10 Fuel OU Motors Corp 1,350 400 Home Insurance Co.. .60 IX Sale .32 Sale IX 2.35 .20 .12 23c '134 15c 4c 10c 319 IX 1 IX .20 Sale * A *» '.5 1.00 "354 Sale 6 X 1334 .25 .10 1534 .40 .35 .22 Sale 734 X .15 2.55 X 500 Metal Textile Corp .* X "* "* 33,100 Mid-Cont Pub Serv A 5,500 Moss Gold Mines LrdL---. 4 .25 2.70 900 North Amer Trust Shs.. 1953 500 No Amer Trust Shares. ..1955 100 400 North Amer Tr Shares North Butte 2 loc' 34 Mar. 20c May 12 134 May 25 May 12 I X May 11 20c Mining..!.$2.50 200 Petroleum Derivatives. 500 Public Fire Insurance 100 Radio Securities A 10c 20c 1 X 2X 10c Sale IX May 28 10c May 11 1.25 May 31 IX May 28 10c May 11 1.50 May 3 IX 25c 1.00 1.25 65c 85c 15c 1.50 40c -JX __5 1 32c 5 9 10 15c May 12 May 12 1.00 May 14 75c 1.00 May 14 ~\X May 834 IX 30c 32c X 5 May 16 May 16 9 75c Sale IX 8X 734 25c X 10c 10 2 4 734 May 4 May 4 9 34 15c X May 21 34 May 21 51 . .35 Jan. 8 2 34 Jan. 1134 Jan. 27 15 1.03 Feb. 13 12c 3c 1.75 634 134 10 May May 25 12c May 2.10 May Sale 12c 2 May 16 9 17 12c 31c 17 4 14 May 16 9 18 May 31 234 May 28 May 6 May 3 34 May 2 1 34 - 3 4 5 — "IX "5" "2"" Sale" 534 "30c" "35c" 20c Sale 30c 2 5 24c May 16 May 26 May 25 2X 3 1.70 " l".80 1.40 1.80 1.80 1.25 1.45 1.55 May 1.25 1.45 1.55 May 2 M ayl6 8 May 13 May 27 25c "~2M "May 25 "T.60 1.55 5.31 Sale May 1.55 2 234 ".40 "".50 234 May 25 3 3 1.55 May 3 1.55 May 3 May 134 Jan. 354 Feb. 2 May 5 Apr. 24c May 634 40c 1 Sale X 5X 9X 3-16 134 IX IX Sale 134 May 26 234 May 2 9 75c May 16 Feb. 27 Feb. .37 Mar. 21 5 Feb. 11 Feb. 134 354 434 1334 11 Jan. 11 Feb. 11 Jan. 11 Jan. 23 Mar. 23 40c . 2.60 Jan. 18 2.45 Jan. 21 2.25 Mar. 28 .45 Jan. 6 6 2 .15 Jan 11 354 Feb Mar. X IX X 50c 30c IX 3 IX 34 34 IX Sale 2 534 2 2 534 May 16 634 May 7 1-16 40c" 28 4 4 17 Jan. 23c X 35c 1-16 25c X 134 134 234 534 10 34 15c" "26c" 5 X May 13 34 May 23 3 * X May 9 134 M ay 2 2 May 24 34 May" 4 234 May 13 234 May 5 Feb. 7 18 54 May 23 Feb. 8 X Jan. 13 134 Mar. 12 May 24 834 Apr. 8 2 ,1-16 Mar. 11 34 Feb. 15 Apr. 26 25c 25 34 Feb 9 434 Mar. 23 234 Mar. 19 234 May 25 134 Mar. 14 2 Apr. 5 1.55 May 3 1.55 May 3 134 Jan. 29 30 6 234 Jan. 134 Jan. 134 6 * 45c" ~55c" 4 15 2 25c 9 1254 Mar. 334 734 .25 Jan. 3.00 Apr. 1 Feb. 11 16 18 25 . 23 Feb. 23 .12 Jan Sale 3 134 Jan. .45 Jan. .12 Sale X Feb. 25 1 254 May 28 17 7 Feb. 20 1034 Feb. 17 31 4 2034 12X Sale * 134 Mar. 18c 12c 9 warr 13 Sale 3 2,000 Sherritt-Gordon Mines—_$1 29 Feb. 28c 3X IX $10 Feb. 30c Feb. 27 1 100 Seaboard Surety 33c 13 21 25c IX IX 28,000 Sanabrla Television........* 1,600 Seaboard Fire & Mar Ins. .10 29 40c ,..* 1,900 Royalties Management A 1034 Mar. 7 134 Mar. 30 1034 Apr. 28 6 10 50c 2c 31 16 4 5 May 1.55 May 26 May 34 Jan. 934 May 33c Feb. 30c Feb. 34 May X Mar. 30 2 34 Feb. 19 2c May 25 1.55 Feb. 8 May 26 5 4 60c 4" "I 1.46 Feb. 24 30c Mar. 5 4 Jan. 8 7 20c 7K ii* 254 1834 2 19 4 26c 5 1.55 3 634 Jan. 42c May 26 1.00 1 Feb. 2.55 Jan. 234 Jan. 27 Apr. 29 34 Feb. X 29c 9 40c 6 27 3 24 154 Jan. 21 7 May 26 734 Feb. 8 54 Mar. 14 45c May 5 18c 45c 6 Sale 9 54 5 10c Sale 1.90 Sale 934 May 32c 18c 2 May 31 4 20c 25c 38c 33c X 2.36 Feb. 18 1.80 Mar. 31 34 Mar. 30 20c 23c 50c 3 1.00 Mar. 10 4 10 9 Feb. 19 .19 Mar. 10 54 May 31 .20 Jan. 5 25 2 1.00 Apr. 19 10c Mar. 7 3 16 134 Apr. 54 Mar. Mar. 30 .10 Jan. 60c 35c Rhodesian Selec Tr Ltd..5 sh 31 * Reno Gold Mines Ltd No par value. 1.00 .35 Jan. .13 Jan* .30 Jan. 134 Apr. 9 X Mar. 11 154 May 28 7c Apr. 12 1.25 May 31 20c * 100 Roxy Theatres Corp A '% May X Sale 1 .70 Jan. 27 234 Mar. 2 2.90 Feb. 15 2.55 Jan. 2 1 Mar. 28 15c 9 9 46c 5 200 Reliance Internat $3 pref 1,900 Seaboard Util Shares Sale 6 Apr. 21 134 Apr. 12 1 134 10c Apr. 21 May 10 Mar. 10 Apr* 6 X Mar. 9 1.80 Mar. 31 1.60 3 734 11 34 10c 20c 3 23,400 Railways Corp 100 Shamrock Oil & Gas May 27 23 Feb. 23 21 20 10 1.50 Feb. 18 .08 Mar. 23 .12 Jan. 2 22c Feb. 2 25c 3c 10c 5c 7c May 734 Apr. 734 Apr. 34 Mar. 11 .87 .50 1956 7,000 Patricia Birch Lake Min.... 1 18,500 Petroleum Conversion ...5 1,000 2,100 18 34 Apr. 2 9 May 16 75c Feb.29 IX A 100 " IX 1.00 7 8 1,000 National Aviation A warrants 300 National Liberty Ins 5 3,500 National Pinetree Products.* 500 8 32 8 '.5 ; May 10 2.00 45c 2.05 3.50 15c 254 Sale 1 .1 .: May .03 Jan. 25c 1.40 H .65 .10 100 Merch & Mfrs Flrelnsur.. ; Sale Prices. 70 Mar. 8 May 27 5A 1 1.25 Sale 2 * Jenkins Television 223,000 Macassa Mines Ltd 700 Macfadden Publications.. 780 $6 Preferred......... 100 Maxweld Corp 200 15c 1.75 X 16c ll 9c X 1.50 1.80 .70 May 23 "May" ~3 3c 13c 1.75 7c 2.55 Sale 554 7c 10 34 X X IX 3 10 200 Leverage Fixed Trust Shs. 200 20c 534 54 9X 100 Lesslngs, Inc.... 3,600 1,500 2.00 25c 8e 8X 1 1,000 Lincoln Petroleum 40 Mar. 15 2 $10 700 Kelvlnator of Canada 39,000 Keystone Cons Mines Ltd 29,600 Klldun Mining.. 400 45c IX X .... 31,500 8 X X *8 ^ 9c X 2.00 400 Klnner Air & Motor. * .40 3c IVs - ""166 Highest. Sale Prices. 7 .80 .1 1,000 Homestead Oil & Gas 1,000 Howey Gold Mines Ltd 1 4,600 Huron Holding C-D w i -—1 8,500 3,900 300 .07 X 12c "15X 8c 10X 1 .... — 200 I ron rite Ironer 11,600 .03 Sale 13 1.25 13,800 600 9 2X ""600 600 16c 7 10 .75 87,000 Internatl Rustless 1 ron 1 2,000 Interstate Natural Gas..—* 2,600 Sale 7H 10 16,000 4,500 .15 .33 7 3,750 Helena Rubenstein pref * 3,400 Hendrick Ranch Royalties. _• ""466 Lowest. Highest. Sale Prices. Sale Prices. 70 1 Golden Cycle Corp Cap Granada Gold Mines 300 Group No Two Oil """166 Lowest. Ask. Flag OH of Del capital 100 General Water Treatment. WISJ. Ask. Bid. 1.57 2,500 General Min Mill & Pow ""266 RANGE SINCE JAN. 1. "15"" I-III 'l5'""May"27 "I§"""May27 ,2.20 Sale 35,000 Corporate Trust Shares 300 AA 1,000 445",000 Par. 251,000 Admiralty Alaska Gold 3,000 1,600 tyflwMtos Ask Bid. Bid. J), 000 Louisiana Geo Explor 7s_ 1935 30,000 St Louis S W Ry 5s A w i.1990 '""466 _ IN MAY. May 31. May 2. 1932. Par. - May 31 Price $ 43,500 Jan. 1 to 1931. Jan. 2 Since Shares. 1932. $30,000 35,000 May NEW YORK PRODUCE EXCHANGE In 307655 THE NEW YORK PRODUCE EXCHANGE Bond Sales. 1932. Stock Sales , 15 . . 1 Mar. 5 254 Jan. 28 5 134 Jan. 4 854 Apr. 14 Apr. 6 13 25c Feb. 18 134 Feb. 10 Feb. 8 54 Feb. 3 18 6 334 Jan. 454 Jan. 11 8 834 Apr. 34 Feb. 17 X Feb. 15 32c 5 Apr. NEW YOEK AGGREOATE SALES Jan. 1. 36,700 3,000 STOCKS Par. 200 1 2.50 3.50 A - 1 500 Tread well X 45c Highest. Lowest. Sale Prices. Sale Prices. X May 21 X May 21 X, May May X Jan. 1 Apr. 1.85 May 12 May X May 5X May 17 55c 5X May 17 5X Apr. X May 5 May 20 50c X May 2 May 2 50c —X 1 Yukon 1 5% 'SH 5H .40 .55 .50 1.25 3.70 3.35 140 Tubize Chatillon A 1.50 "¥.66 12c 1.50 1.85 May 27 12 "2 .» 300 Trustee Standard Oil B 4.00 2. 6X 4 8X 22c 2.50 4X 3 % 6 May 12 1.85 May 27 12 May 12 1.00 6 15c 5X May 10 May 26 14c 5X May 10 May 10 15c 2.00 * 100 850 U S Elec Lt & Pow 300 3.68 Sale 100 U S Fidelity & Guaranty .10 300 Utilities Hydro & Rails w w_* 300 Utilities Hydro & Ralls war— tr ctf B__* 2.50 2.65 1.87 2.10 2.30 May 19 2.30 May 19 X We May 3 We May 5,500 Van Sweringen Corp 1,000 Vipond Cons Mines.... 100 3,000 Wellington Oil of Calif 178,000 Western Television 250 Wisconsin Holding A 700 Yosemite Holding 5,500 .12 "We .50 5c 10c 5c 45c 25c 35c 20c 30c 30c 60c 2 Sale 10 --10 60,500 v t c Zends Gold Mining No par value. * 1 6% Mar. 10 2.30 May 19 7Ws Jan. 26 X Jan. 6 3 .10 Mar. 26 IX X X X May 6 X May Apr. 28 2H Sal® M Sale Mar. 29 4 6 % Mar. 18 6 9 .48 Jan. 2.50 Mar. 3.62 Mar.; 9X Apr. 30 3.68 Jan. 7X Jan. 2 Jan t 26 13 Mi May 3 25c Feb. 4 30c Apr. 28 X 16 6 X May 6 1.70 Feb. 18 "2X May" 2 X Mar. 23 7 IX F: X May 20 X May 6 1 .* X May 21 , Mar. 29 30c 11 5 X Feb. 5 1 Apr. 20 1.85 May 27 20 Jan. 14 .70 Mar. 21 5X May 10 May 26 2.35 Apr. 1 2.87 Apr. 12 9X Apr. 30 Wt May es. Jan. 2 5 20 28 20 27 12 1.55 Mar. 15 X * cap.. 1,700 York Penn Gas & Utilities..1 1,700 ♦ $1 100 Warner Aircraft Corp 45,200 * ~2~ X Sale Pri 14c 3 . X 50c 4 4 4X 10c Highest. Lowest. Sale 15c ...» 12,500 Tom Reed Gold Mining — 60c 8X * C-D 300 Sale Ask. 1 Tobacco Products 1,900 «, K 52c X 100 _ .50 X 100 1,500 Ask. Sale 1 • CO o o _ Bid. Ask. Bid. Bid. Sale Prices. May 31. May 2. 100 Super Corp of America B 400 Swedish Ball Bearing—100 Icr 200 Sylvestre Utilities A * 100 _ 1 700 Splitdorf Electric 200 Studebaker Chemical-- 100 1. 3 1981. 200,200 Shortwave & Television 11,500 Slscoe Gold Mines Ltd • • Jan. Shares Shares JAN. SINCE Price Since May. RANGE PRICES IN MAY. NEW YORK PRODUCE EXCHANGE In 55 PRODUCE EXCHANGE 20c X Sale lie" Sale 16? 1X May 26 15c May i4 2X May 17 20c May 2 Mar. 7 1X May 26 % Jan. 21 5c Feb. 8 2X Jan. 10X Mar. 7 4 2X May 17 X Jan. 20 Apr. 26 24c RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales. 1932. I May Jan. 1 to May 31: 83,000 95,000 127,000 42,000 292,000 273,000 28,000 "T666 152,000 Allied Owners 6s.^......1945 Chicago City Ry 5s 1927 May 2. Certificates of deposit. 1927 10,000 34,000 15,000 1,000 1,000 22,000 2,000 1,000 2,000 6,220,000 453 453 11* 1927 50 Sale 50 Sale 5s series B 1927 Adjustment 4s Comm Edison 1st 5s series B 1927 1953 5s A m ........1954 1st mtge 43^s C__ Great Lakes Utll 5 He 8*4 11 4 2 7 5 P 5 Insult Utll Inv 6s ...1940 5s without warrant ...1949 Kansas Power & Light— 1st & ref 6s C ..30 100 250 50 30 20 Sale 70—-. % Sale ' 50 41*4 41 "220 ■ 400 1958 200 class A-.5 Allied Motor Ind Inc com...* Allied Products Corp cl A * Amer Radio & Tel St 700 Assoc Tel Ac Tel Co $6 Class A__ w w..* 10 $6 conv 610 ""ioo $7 cum 10",600 1,030 50 22,600 320 ""'650 """150 "T,206 230 40 22 16 160 300 150 1,850 1,700 1,650 2,500 600 1,204 24*4 Sale 12 Sale 754 IX Sale Sale X X X Sale 5*4 2 2*4 pref ...._* .10 com 40 44*4 May 12 93 *4 Sale * * ...I.HI* 1 3*4 5 6* 3 1*4 Sale 20 10 * * 6,220 Central Convertible preferred * 110 Central Ind Power pref...100 18,850 Cent Pub Serv Corp A • • 130,300 Central S W Util com new 12,100 preferred * Preferred * * » * 750 700 * No par value. % Participation preferred Certificates of deposit... Ex-dUldeod 21*4 May 9 May 6 May 1 May 5*4 May 23 X May 3 44 XMay" 12 99 X May 4 28 28 28 13 20 24*4 May 2 12 May 2 6 May 28 1 May 13 5*4 May 20 *4 4 May 26 1*4 May 2 554 Sale 50 Jan. 754 3X 98*4 98X 27X Mar. 21 75 Mar. 38 X Jan. 4 3 2454 Jan. 37 9 40 33 Apr. 26 90 54 34 44 X May 12 9 3 14 27 Jan. 28 Mar. 16 2914 Apr. 6 Apr. 2 15 Jan. 22 Mar. 8 Mar. 17 Jan. 11 90 Mar. 7 89 X Mar. 23 67 X Jan. 14 28 Apr. 9 7 26 May 12 29>4 Apr. 1 Feb. Feb. 8 12 X Jan. 1 8 20 1 Feb. 9 Feb. 6 Jan. 23 Feb. 18 Apr. 93*4 May 31 10014 9 Mar. 31 42 X Mar. 2314 Feb. 45X Mar. 21*4 May 28 9 May 28 6 May 28 3154 Jan. 17*4 Jan. 13 25 12 20 5 May 1*4 May 4 2 1 44 60 12 28 12 78 12*4 2 10 55 Sale 10 20 3*4 10 1*4 Sale 40 13*4 1*4 ... ... 3*4 49 12 15 .... 82 65 80 .... 654 X 4*4 8 5_ 7 Sale 13 4 24 X 1*4 954 Sale 6 i 85 .54 65 8*4 3*4 Sale Sale 1 7 154 4*4 Sale 9*4 14 5*4 1 Sale 15 15 1 13 ..... Sale^ m Sale 15 Sale a 12 154 2 8*4 *4 54 Sale ..... 4*4 1*4 3*4 3*4 52 12 May 24 May 12 .... 154 "i*4"May"l6 May 2 10 55 45 10 62 "3*4 May"3l 12 12*4 Sale 1*4 4 Sale 554 May 27 65 2 May 13 May 31 4*4 1X 3*4 354 50*4 May May May May May 3*4 May 31 12 65 May 27 May 13 4*4 May 3 15*4 21 10 7 6*4 1*4 2*4 Sale 7 7 May 2 2*4 May 17 3*4 May 26 6 May 2 65 May 2 "4*4 May" 10 "5" May""5 Sale 6 11 — 54 54 10 1*4 1*4 5*4 May 6 "2*4May~25 "6" "May" 14 14 7 1 Sale^ 1*4 Sale 8 Sale 1 May~12 May 28 1*4 May 31 May 31 8 *4 May 8 Sale 16 X 54 8*4 Sale 43 Sale" "5*4 "May" "6 5*4 *4 May 3 8*4 May 26 " May"l2 154 May May 2 3 5 8*4 May 11 *4 May 5 15" May"27 • 7 5 1 7 *4 4 11 12 4*4 Sale 11 Mar. 3 Jan. 15 Mar. 2 Jan. 21 10 Jan. 18 Jan. 14 14 22 iH X Jan. 2*4 Jan. 54 Jan. 6 Mar. 10 66 28 Mar. 12 77 12*4 Jan. 42 May Feb. Jan. 6 54 May 2 854 May 25 *4 May 6 % May 25 10*4 May 10 4 May 23 54 1 *4 13 *4 7*4 May May May May 9 3 2 2 Feb. 19 May 27 65 May 13 2 May 31 X Jan. 14 10*4 Jan. 15 4*4 May 26 154 Jan. 7 3*4 May 26 354 May 26 50*4 May 26 X Jan. 14 4*4 May 10 X Mar. 2 5*4 May 6 1*4 Apr. 6 2*4 May 25 9 Apr. 7 7 May 12 *4 Feb. 20 1 May 28 X Apr. 5 8 8 15 May 31 *4 Apr. 29 Feb. 1 May 27 *4 Jan. 8 8*4 May 26 Feb. 4 54 May 6 X May 25 9 Apr. 29 4 May 23 14*4 Jan. 3 7 6 54*4 Jan. 43 3 20 54 Jan, 50 ' 35 12 6 Feb. X *4 6*4 254 Mar. 11 47 54 1*4 Feb. 6 1 May 11 *4 Apr. 22 Mar. 3 *4 Apr. 20 1*4 May 31 41 May 25 50 Apr. 13 10 May 24 6854 Apr. 12 IX May 16 5 44 12 — 26 26 26 26 26 2 1 12*4 Mar. Jan. 1554 Apr. 22 1 Sale 45 35 5 10 16*4 Sale Sale .... X Sale Sale 5 *4 154 2*4 10 X 7 Sale 41 J* Sale 55 154 7 *4 May 6 2 May 2 44 May 18 ... ... ..... 93 13 *4 May 6 1*4 May 31 41 May 25 40 254 Sale 4*4 23 4 X 1754 Sale 13*4 1054 May 10 46 60 50 2 12 29 1 67 1254 May 11 7M 55 2 5 Jan. 5*4 Jan. 2 *4 Mar. 15 *4 Feb. 27 4 May 26 1*4 May 2 *4 Jan. 54 ....._* 230 Cherry Burrell Corp com Chic City Ac Con Ry— • 50 Mar. 9 Jan. 14 Jan. 2 10 40X Mar. 16 2314 Feb. 1 Mar. 7 6 Pub Serv— com 93 X May 31 2*4 63 '65" 111 Pub Serv pref.. Cent 111 Secur Corp— Common 12,815 1*4 tv* 76 * Canal Const Co conv pref Castle Ac Co (A M) CeCo Mfg Co Inc com o*4 Sale 46 2*4 10 Convertible preferred 8 4*4 *4 X * class A..* 22*4 9*4 6 54 Sale X 7*4 *4 1 X ■ *4 * — 9 6 1 • .... 22*4 5X 11*4 40 ...100 ■ Butler Bros Class A 100 350 Chain Belt Co May 12 5 36 ..100 ... Prior lien 20 9*4 3*4 7 154 2 com Jan. 49 45*1 15X 25 30 Bunte Bros common Burnham Trad Corp— 3,290 5,979 101 12 • Common Bucyrus-Monlghan 72*4 Apr. X May 12 Mar. 33 80 38 50 220 Cent Cold Storage Co com.20 "830 2 *111.1 "52" 37 550 Borln Vivitone Corp pref Ac Sons (E J) com 200 Bright Star Elec clA 1,350 Brown Fence Ac Wire cl A 1,250 24,500 1,040 2,150 6,150 May 4 84 28 25 3,750 Orach 440 X May 20 14X 40 Class B 1,150 17,000 Bruce Co (E L) Feb. Mar. 11 45 22X Apr. 8 27 X Mar. 21 2 X 18 11 26 * conv Mar. 60 65 25 52 * 520 Blums Inc 42 *4 92 27 82*4 pref A 172,000 Borg-Warner Corp 7% preferred. 930 4X Mar. SX Mar. Prices. 46 X 'SIX Apr. 5 34X Apr. 20 34 Apr. 6 6*4 Apr. 28 35 Apr. 13 35 Apr. 13 8X Apr. 2 9434 Feb. 29 95*4 Mar. 1 45 pref..... Preferred May 10 88 25 99 99*4 101 ♦ * 3,400 Bastlan-Blessing Co com 400 Baxter Laundries Inc A • 300 Beatrice Creamery com 50 192,050 Bendix Aviation Corp com..* 13,450 Binks Mfg Co cl A cv pref * 30 4,800 100 com 890 Backstay Welt Co com. Balaban 9c Katz Corp— 10 550 • 7% preferred Assoc Tel Utll Co 320 5 5 89 84 23*4 Corp..* 2,230 390 May 10 23 5 11 23 13 30 * 50 Amer Util Ac Gen class B 100 Amer-Yvette Co Inc com....* 34,450 5 May 37 X May 8 May 41X May 41X May Highest. Sale Prices. Par 8,300 Appalachian Gas Corp com.* * 3,650 Art Metal Works com 1,050 Associates Investment Co..* "2,050 §6*4 11-54 754 11 16 31 40 40 1947 STOCKS """"80 5 42*4 Sale 7 31 33 6s A..1942 American Equities Co com..* 80 Amer Fur Mart Bldg pfd..l00 2,111 American Pub Serv pref-.lOO r 800 10 8 May 36 X May 8 May 39*4 May 38 May Vale 1948 Swift & Co 1st s f g 5S....I944 208 So La Salle St BIdg— 5,700 il** 38 Sale 21 82 18,650 1,250 1,300 5 38 Lowest.. Pricei 9114 Jan. 28 91H 38 37H 43 400 All-Amer-Mohawk 550 IP —92 27 Pub Set Sub Corp 5Hs A 1949 ,* 4,688 Abbott Laboratories com 25 6.150 Acme Steel Co * 1,320 Adams (J D) Mfg com * 1,700 Adams Royalty Co com 1,100 Ainsworth Mfg Corp com..10 2,100 Sale Highest. Sale Prices. 90 Pub Serv 1st ref gold 5s.. 1956 A 4,654,000 89X Mar. 23 50 Standard Pub Serv 6s Shares. 750 Sate Ask. 40 97*4 Lowest. May 31. Bid 2 97 X 96 6.000 2,000 25,500 1st mtge 5Ms 1931. $824,000 RANGE SINCE JAN. 1. 1947 1,000 United Public Serv 2,000 United Pub Utll 6s Shares. W2 39 8 40 4134 39*4 Sale 12 9*4 3 5*4 18,000 42,500 May 31-... —97 1936 19,000 Metrop West Side 4s 1938 Extension 4s 1938 3,000 2,000 Nat Pole & Treating 68..1936 1978 1,000 Nat Pub Service 5s ""e'SOO Ask 2 96 100 .....102 1942 Holland Furnace 6s , "Tooq 1932. $346,000 7,452,000 u'w»- .1956 1st mtge 4Ms D 1957 Commonw Sub Corp 5He 1948 Federal Pub Service 6s 1947 5,000 Bid. 46*4 1st mtge 5s ctf of dep.. 1927 1927 5s series A 15,000 "4", 606 Ask. Chic City At Con Rys 5s.. 1927 7,000 i- PRICES IN MAY. 1932. Chicago Railways 5s Jan. 1 to - - Price Bid. 33,000 16,000 30,000 59,000 44,000 May.-i*.„ jl Jan. 2 BONDS 1. Jan. May. 2,338,000 17,311,200 8,205,000 CHICAGO STOCK EXCHAN OS Since Bond Sales. 1931.f 1,216,000 - AGGREGATE SALES. In Shares 4 9 21 3*4 Mar. 10 26 Mar. 29 4 Feb. 2 81*4 Jan. 8 *4 10*4 1854 654 4*4 1254 80 1 Jan. 14 Jan. Jan. Jan. Feb. Mar. Jan. Jan. 15 14 15 16 5 6 19 754 Jan. 21 Mar. 2 Feb. 4 Jan. 19 Jan. 7 Jan. 29 May 12 Jan. 14 2*4 Jan. 7 2 Apr. 23 _ 10 Feb. 15 1 *4 Jan. 21 8*4 Jan. 69*4 Jan. 6 2 154 Jan. 13 15 50 Jan. Jan. 14 22 3*4 Jan. 14 6*4 Feb. 19 55 Jan. 13 44 Jan. 19 1554 Jan. 11 11 6*4 7 11 Apr. 27 Apr. 5 X 1*4 1 Apr. 26 1*4 Feb. 16 __J4 1*4 1 Jan. 2 854 — 7 11 14 10 Apr. 2 Feb. 18 Jan. 9 STOCK CHICAGO AGGREGATE SALES In CHICAGO STOCK EXCHANGE Since Jan. 1. May. Shares. 1,750 PRICES IN MAY. 1932. 170 301,900 7,820 650 70 Cities Service Co 5 com % 920 Curtis Lighting Inc com 5* 4% 68 X r 2,150 200 100 100 150 1,375 Dodge Mfg Corp pref 80 Eddy Paper Corp (The).. • 16,260 El Household Util Corp..;.!# 700 Empire G & F Co 6% pref.100 400 6 % % preferred ...—100 1,550 7% preferred —100 1,050 8% preferred 100 20 Empire Pub Serv Corp A * 245 Fair Co (The) preferred.. .100 Fits Simons 150 50 i 2* •* 2 X 9% A Sale Sale 2% Sale X X Sale Sale A* % 10% 2% A c 12 2 5 Sale 65 5 5 3 29 X 3 Sale 18 4 Sale 4 Sale Sale Sale X % , 4 2 2X 7X -.2 . 13% 2 5% 6 5% Sale 35 3X 20X 4% 20 3 6 2 May 2 2 10% 2% % % 4% May May May May May 18 May 3 May 2% May 39 2 10,900 "3",350 - 200 550 250 1,400 1,900 28 31 4 4 20 26 14 9 % May 12% May 3 May % May % May 5 May 2 29% May 2 3 May 14 4 May 2 1% May 25 May 20 50 "ll", 750 ' 1,050 50 650 5 3 2% May 28 17% May 4 18% May , 5 28 May 10 31 May 3 ... 24 .... 50% 55 34 X 150 300 250 1,300 45 15 % ,i 7% Sale % , [X 20 IXJ X 4,950 Illinois Brick Co 25 1,740 Illinois Nor Utilities pref.100 180;Indep Pneum Tool v t C * 405,050 Insult Util Invest Inc..*. * 4,200 Without warrants 49,310 Preferred series 2...—-—* 10 Interstate Power $6 pref.. * 350 Investment Co of Amer com.* 1 - 11X IX IX X 6 X X X 9 10 1% 10 May 4 1 % May 3 % May 17 3 """50 1,670 200 550 300 5 ""300 8 -6% 4 r 3X 4 58 ... 5X 15 13 14 Sale X X 30 Sale 1 3 % 20% 18% 28% 36 2 Sale 1 X IX 5X 3 4X OX 8 6% 21 1 5X 4 ' 2 May 4 1 % May 3 % May 17 4J 5X 3X Sale % 800 200 50 110 X, 3% 1 4 35 ; X 10% OX 2% X 30 Sale ' 4% Sale 5% 18% 19% 2% Sale 26 Sale' 19% Sale % 1 3y* ""806 4,500 3X 4 9 *; 400 a Middle West Utilities new..* Warrants A....... Warrants B ""20 12 8 4X 34 11 % 10% 6% 2X 4% 3 4 % 35 7% Sale 23 % 6% 2% 3 Sale 4 1% 17% 11% 4% ...— 260 1,950 530 pref. "A" Preferred 6% Preferred 7% ...100 100 100 — A A 600 Miller A Hart Inc conv pref.* 75 Minn-Moline Pow Impl com.* 170 Miss Vail Util "200 * ..... 7% prior lien 10 1,050 1,150 pr in 16 5X 5% X X 35 28 2. 22% 220| 97 preferred ..* 19,900 Mo-Kan Pipe Line Co com..5 4,100,Modine Mfg com ...* 200 Mohawk Rubber common...* 710 Monroe Chemical Co com...* 1,6001 100 1,250 Morgan Lithograph Preferred * com 50 Mosser Leather Corn No par value. x Ex-divtdHiid. 4 X May 1 1% May 19 2% May 24 2 May 2 3 4% May 20 5% May 28 May 26 2 May 26 26 May 31 19% May 31 18 1% May 19 May 5 4% May 5 7% May 10 May 17 3 May 7 30 May 26 24% May 5 19 May 17 26 H Jan. 14% Jan. 2% Jan. 11 28 21 14 2 Jan. 2 6 13 Jan. 4 26 64 Jan. 6 Jan. II 5 Jan. 15 5 Mar. 22 18 3 131 131 4 5 1 Feb. 6 Apr. Aprl III Feb; Hi Feb. 241 26 31 2 2 2% com. * • — 22 6 4% «8 1 lH if 4 Sale % 4% Sale 3 ..... % 6% Ay* 12 2% 1% 2% 14 Sale 1% 3% 4 10 1% 11% May 17 1 1% May May May 9 4 6 12% May 2 4 May 18 May 3 3% May 2 25 May 7 May 28 2 % May 3 29% May 28 3% May 25 May 5 % May 13 4 % May 9 10% May 5 % May 13 2} 291 10 12 May 27 42 ..... 49 Sale 1% 2% 8% 51 40 1 10 IX 25 X 45 3% 6% May 27 % May 2 2 May 18 % May 26 1 % May 23 1 5 6] 3 May 9 1% May 3 2% May 10 .... 3% 6% Sale Sale .% 3 20% 4 3% May 10 6 May 10 3 May 6% May 4% May 6% May 5* Jan; 15 8 3 23 % 3% Jan. % 10 Jan. 4 50 % % % 46% 1% 2% 4% 5% 17% % % May 13 5% May 5 May 27 May 27 May 4 3 23 May 5 May 26 % May 4 2 Jan. 16 2 Mar. 5 2 Mar. 7 Feb 17 Mar. 21 Mar. 21 5 Jan. 5 Jan. 18 Jan. 22 Jan. 15 Jan. 7 Jan. 18 Jan. 11 Jan. 12 2 Jan. Mar. 22 5 5% Jan. 15 6 Jan. 4 11% Mar. 1 8 5% 15 14 6 7 13 95 Jan. 16 Jan. 6 Jan. 18 18 6% 15 17 3 7 Mar. 7 Feb. 15 4 15 Jan.' Apr. Apr. Apr. Apr. May Feb. Jan. May 26 Feb. 13 % Feb. 16 15 9% May 18 % Mar. 28 6% Apr. 8 8 May 27 j 3% Jan.. 6 % Apr. 8 1% Jan.. 12' 6 Apr. 21! 3% May 27/ 3% May 2u( 11 May 3' 4% Apr,; 8 1 May 28 Feb. 19 Jan. Feb. 55 Apr. 7 1 % Apr. 22 % May 17, Jan. Jan. Jan. 14 5 13 46% Feb. 3 5 Feb. Jan. 17 26 May 20 12 Jan. 2 May 28 Feb. 9 10% Feb 19 22% Mar. 9 29 24 Apr. 4 Apr. 19 Apr. 8 % Apr. 18 3 Apr. 5 25 18 2 . Feb. Feb. Jan. 5 8 14 1% Jan, 22 Jan. Jan. Feb. Feb. 14 4 2 3 40 48 6 Jan. 4 50 Feb, 2 19 % Mar. 17 31% Apr. 6 36 Jan. 20 5 Jan. 26 2 May 17 5 Apr. 22 1% May 5 2 Apr. 7 20 Apr. 1 11 Apr. 16 3 7 Apr. May May May 9 4 3 6 2% Feb. 25 2% May 7 29% May 28 22 Jan. 25 3% May 25 May 5 % Jan. 27 6% Feb. 29 1% May 26 12 Apr. 21 4% Apr. .18 % Apr;. 13 % Feb; 19 1-16 Apr; 9 1% Apr; 14 10 % May 26 1% Apr. 11 2 May 25 3 Apr. .28 30% Feb; 11 3 May 2 6% May: 2 1% Feb;,26 1 Jan. 8 10% Jan. 7% Jan. 2% Jan. 24% Apr Feb 18; 20 19 8 1 14 ~ 5 ■ 24 1* 14 13 10% 2% 4% 37 Jan. 5 Feb. 25 Jan. 8 Mar. 31 4 13 Jan. 25 Jan. 14 14% Jan. 19 % Jan. 22 3% Apr. 21 6 Jan. 16 Jan. 6% Mar. 18 5 5 i4 Jan. 12 % Jan * 14 54 Jan. 14 Jan. 7 % 6% Jan. 7 15% Jan. 13 % Jan. 22 45 50 40 " Jan. 13 Jan. 20 Jan. 13 48% Jan. 25 10% Mar. 9 IX Feb; 26 50% Jan; 19 2 Mar. 50 , Jan. Mar. 5% Jan. 35 Feb. % Apr; r 7 2 4% May 19 12 1 Apr; 6 1 ' 2% May 27 4% 18% May 27| 32% % May 4 1% 5 2 Apr. 6 7% Feb. 10 4% Jan. 14 35 V Mar.. 7 8 Mar. 25 % May 4 4% May 19 3 2% 18% % 4 12 39% Jan. 18 42 Jan. 19 45% Jan. 23 10 25 9 4% 3 29% May 25 4% May 4 4% 9 8 2 8 :::: "<r~ _ 3% 27 1 10 8 11% 3 4% 4% 4% 3 17 ** 16 1-16 Jan.,,2 50 51 OX 1 % May 26 12 ""% May"26 1-16 Sale 40 5 Feb. 7% May 31 3 1 % May 26 Sale 3% 4% X Sale 2 Jan.- 86 % May May 17 7% May 23 1% May 12 % X Sale 10 6 11% Jan/ 5% Feb. Apr. 29 3* May % Jan. 26 % Feb. 2 5 11 30 May 17 5 May 6 1% May 5 3 2% 3 Jan. 10 May 28' 4 May 5 May Jan. 2 14 8% Apr. 13 1% May 25 2 7% % 5 2% 17% 18% 8 Jan. 8% Jan. 31 9 2% May 8% Apr. 13 5 6% May 2% May 3 2% % May 17 6% May % May 22 4 10 13 Mar. 15 Feb. 8 Feb. 8 50 24 3 5X Sale lien pref..* 390 • % May 2 3 3% Sale 10% Sale 13% Sale X IX 13 1% Jan. 19 1 Sale 25 "4" Sale" 220 Midland Util 6% pr lien..100 ""iI6 50 ...... 126,550 Midland United Co com * 2,400 Convertible preferred....* Warrants May 2 May 11 i 9% 13 1 29 Jan. 26 4 700 Metrop Ind Co allot ctfs....* 650 4 60 preferred.... 13,560 Marshall Field A Co com— 3,070 Material Service Corp com.10 —• 5,400 Meadow Mfg Co com 100 Mercantile Disc Corp A * 1,950 Mer A Mfrs Sec cl A com...* conv. Feb. 5% Jan. 122 Feb. 14 * 96 May May 30 28 28 12 30 1,565,708 2,200 4,405 38,375 4 .100 40 % 3% 1* • 4,950 Mlckelberry's Food Prod coml 54,406 4 Sale % Marks Bros Theatres Inc— 200 7% May 6 May 12 3 % May 6 11 May 3 6 % May 2 2% May 5 ;3m m 27% 33 -* Manhatt-Dearborn Corp com* 90 Mapes Cons Mfg cap * May 2 % May 7 8% May 3 8% May 27 10 1,805 McQuay-Norris Mfg 11,350 McWilllams Dredging Co 4,560 13 % May 13 2X 25 hH 19 May May May Apr. Apr. Apr. May % May 31 10 6 May 31 3% May 27 3% May 25 11 May 5% May 1 May 28 4% ..... 20 50 5 6% Feb. % 10% 2% % % 3 % 7% May 24 1 % May 12 58 8 8 19 2X — Convertible May 3 May 3 May 5 May 24 May 11 4 ""I ~13~ 100 2X 4 10 X Sale 20 Sale % May Sale 100 Jan. Jan. 1 95 IX 3% 5 1 20 300 Kimberly Clark Corp com—* 820 La Salle Ext Unlv com... .10 Manufacturing A..* 8,100 McGraw Electric com...—..* 4% 3% 11% 6% Sale • —100 670 Lawbeck Corp 6% cum pfdlOO • 1,130 Leath A Co cum pref 59,650 Libby, McNeill A Llbby—10 452 Lincoln Printing Co 7% pf_50 Common * 4,170 6,080 Lindsay Light com 10 3,850 Lindsay Nunn Pub $2 pref—* —* 4,300 Lion OH Ref Co com 100 Loudon Packing Co com * 8,300 Lynch Corp com --* 3% Sale Sale 3 11- Sale 94 6 3% 12- 50 Preferred % 6% Sale 40 40 66 Apr. X Feb. 2 May % Mar. 2 9% May 18 % May 17 6% May 31 8 ? May 27 _— .... Sale 4 X 4X 11 38 30 10 Jan. % Mar. 22 % Mar. 21 % Mar. 21' X 6 % Sale 2% X X 6 5 -9" 9X .... 15% 16 9% Sale 2X Sale 4% 4 4X 100 Mandel Bros Inc capital 2,800 11 X Feb. % % iVA 1 Sale 40 Preferred 570 McCord 650 1\ Sale 13 ..... 11X % ..." 1H ■ 2X .---..-100 150 50 1 17X 18 IX Sale 11X Sale 13 3% 35* IX Sale 3,070 Kentucky Util Jr cum pref.50 1,500 Ken-RadTube A Lpcom A..» 1,850 Keystone Steel A Wire com.* 20 30,300 '"% Fireman Mfg Co ▼ t c—• 4,900 Jefferson Electric Co com...* 2,300 Kalamazoo Stove com......* 1 3,800 Kats Drug Co com.... 15,500 Keiloflg Switchboard com..10 230 Jan, 1% May % May 4% May 51 Apr. 2 7% May 31 X May 31 X Sale ; X 10 2 new 1,800 Goidblatt Bros Inc com * 37,250 Great Lakes Aircraft A * 36,100 Great Lakes DAD com * 440 Greif Bros Cooperage A com * 300 Greyhound Corp com....—* 85,900 Grigsby-Grunow Co com..—• 50 Ground Gripper Shoe com..* 23,600 Hall Printing Co com.. 10 1,200 Harnl8chfeger Corp com.—* 3,800 Hart-Carter Co conv pref...* 2,500.Hormel A Co (Geo) com A..* 15,604 Houdallle-Hershey class A..» 12,400 Class B * 140 120 27 May 12 5 83 514 General Candy Corp A 5 Parts Corp conv pf_* 4,760.Iron 2 3 Apr. 19 % Feb. 10 54% Mar. 29 1 % May 25 May 20 2 — 22 50 1,000 General 100 Hussman-Llgonler Co com..* ""850 Mar. 31 1% Apr. 26 2 7% 1% 2% 4X 43 15 - Preferred vot tr ctfs—— 50 Gen Wat Wks A Elec A com.* 110 Godchaux Sugar Inc cl B—• 140 May 2 2 27 12 % May 26 3 3 5 150 550 May 6 ; % May' 3 4% May 5 73 May 6 Gen Theatres Equip Corp— 1,400 3,900 Jan. Prices Mar. 11 2% Jan. 17% Jan. 29 Jan. 1 % IX I ! 5 3% 7 1 2 May 28 May 5 May 5 May 31 8 1% -3% * ..." 11 May 12 May 25 4 27 A 6 X 12 X Sale 4 1X X 4% 54% X 2X ..... X Sale 14 Common 6 4 4 3 ..... Sale 7 2 IX Sale X X 4% 6 54% Sale 3 1 X 7/ Sale ..... X 15; 2h 16 * 5 150 Jan. i 13 3 3 I 6 12% 240 Gardner-Denver Co com..—* 100 200 Sale A Connell Dock A Dredge Co com 2,100 4,lo7 Foote Bros GAM Co 40 Highest. Prices. % May 11% May 1 10 ■ % May 28 12 May 4 1 Sale 1* 4 4 May 12 May 25 1 Sale X 6 Sale X 117% -5 370 Sale Price* % 61% 3X 4h * 240 Decker (Alf) A Cohn Inc.. 170 Dexter Co (The) com.. -5 Oe Metfl Inc pref w w • 70 Sale 116 X ...5 10 Dayton-Rubber Mfg pref— """20 IX * X - ....... 570 Curtis Mfg Co com Sale 2 X May 11% May "4 66 — 130 400 Lowest. Highest. Sale Prices. 3 * $3.4 preferred-....-. Consumers Co Preferred. 46,61o 256,300 Cord Corporation -5 39,800 Corp Sec of Chic allot ctf—* Common.. 69,950 25 4,850 Crane Co com Preferred —100 3,340 800 40 12 1 5X 6% prior pref A.J ..100 123,000 Cont Chic Corp common * 550 860 3X X Sale 11% Sale 1 Lowest. 445*; 29 com 690 14,lt>0 9,800 20,400 1,550 X ..... Rights (New) 110 Comm Tel Co cum partlc—* 60 Construe Mat'l Corp com— 1,660 3,550 6 3 Sale Sale May 31. Ask. Hid Bid. 10 2 2% 17 $4 Club Aluminum Uten Co—* 225,365 192,550 50 May 2. Ask. 100 550 Coleman Lamp 8c Stove com* Commonwealth Edison—100 20,000 Bid. 100 Prior lien. 250 Chicago Rys part ctf ser 1,100 270 Part certlfs series 2 100 390 Chicago Towel Co conv pref * 53,800 RANGE SINCE JAN. 1. Price STOCKS 50 Chic N S & Mllw pref 10 10 57 Jan. 2 Shares. Par. 250 Chicago Electric Mfg A..--.* 16,900 Chicago Investors Corp com * Convertible preferred 8,150 * 400 Chicago & N W Ry pref __100 ~~2~ 200 EXCHANGE 11 5 Jan, 5 Jan. 11 Jan. 14 Apr. 6 Feb. 19 Feb. 19 Jan. 23 Jan. 11 CHICAGO 58 In Since Jan. 1. STOCKS Shares. ■ _ _ % 20 750 1,160 300 11,850 14,950 9,850 1,150 10,550 8,650 1,000 8,750 1,500 450 4,250 1,150 350 950 1,650 ""450 50 13,000 1,250 800 300 190 20 220 120 560 20 140 Common 480 Sale 15 ^ m H J*- 8 3% 8 3% Sale 11 15 1% Sale Sale 3X 1434 1034 Sale X % 2434 234 8 Highest. Lowest. Highest. Sale Prices. Sale Prices Sale Prices. 3 "354 May 27 354 May 31 May 11 1J4 May 4 34 May 4 13 5 6 534 Sale 17 X 20 1 2 % Sale 1 X 30 X Sale 30 11 IX May X May 2734 May 934 May 34 May 10 May 254 May X Sale 11 13 X 3X 3X 27 X Sale 9 X Sale Sale Sale 1 10 2X Sale -j .1 5j| May 5 5 7 Sale 534 70 59 6 Convertible preferred. 534 9X 16"" "15" $ 1 6 IX 5 10 5 11 434 1034 2 11 10X 600 11 1,450 Parker Pen (The) Co com..10 1,010 Peabody Coal Co B com 100 6% preferred 100 3,320 Penn Gas 5c Elec A com * 150 2 14 8 5 6 234 3 15 5 5 4 28 31 2 31 31 34 Mar. Jan. 12 Jan. 2 Jan. Jan. 14 2 2 May 16 Apr. 14 Apr. 12 75 Feb. 17 954 May 26 234 May 25 834 May 9 2 May 10 434 May 3 24 34 May 27 14 Mar. 28 4 Apr. 7 34 Jan. 22 20 Mar. 2 5 Apr. 9 2 10 234 134 434 34 May May May May 534 May 1134 234 1034 334 11 19 3 25 19 45 2034 Jan. 8 X Jan. A 1554 Mar. 11 4 Mar. 34 May 27 134 May 24 "4" " May II "a"" May"!! 534 May 2 4 Mar. 18 35,215 Rights 3,550 Perfect Circle (The) Co.—• 24,600 Pines Wlnterfront com 5 2,850 Polymet Mfg Corp com.. * 300 Potter Co (The) com 4,350 Process Corporation com—.* 50,000 Pub Serv of Nor 111 com * 6,200 Common 100 3,690 6% preferred .100 2,660 7% preferred. 100 64,500 Rights 81,901 O-R-S De Vry Corp (The)...* 14,445 Quaker Oats Co com... 2,310 Preferred 100 6,100 Railroad Shares Corp com. 1,950 Rath Packing Co com 10 2,550 Raytheon Mfg Co com * 3,100 Reliance Internet Corp A2,600 Reliance Mfg Co Common.10 370 Preferred ........100 800 1,500 1,350 100 1,400 5,200 350 140 290 2,920 360 400 250 850 1,050 """so 550 * 125 54 105 68 104 107 75 12?* AH '""266 Purchase warrants.. 200 Sivyer Steel Castings 2,050 So Colo Pow Elec A 3,320 1,150 1,050 200 150 50 100 310 ;"Y ""166 Standard Dredge conv pref.* Common ..♦ Standard Pub Service A * Standard Telephone pref. Steinite Radio Co... * Storkllne Fur 19 954 Sale ¥ ¥ 291,450 Swift 8c Co stk 273,050 Swift Interna clonal... ~"m IX 1-16 654 Apr. 69 3X Sale 1 IX IX 3 68X 100 X 3 90 150 First preferred 100 * 230 Tenn Prod Corp com..... 1,800 100 25 8,050 Thompson (J R), com. 1,400 Transformer Corp of Am com* 140 * 310 12th St Store pref A * 460 20 Wacker Drive $6 pref 700 Union Carbide 8c Carbon.._* 50 , Unit Corp of Amer pref-.—* 550 United Dry Docks, Inc com.* United Gas Corp common..* 600 50 680 5,550 400 8,250 6,750 50 '«• ■m • — - : 470 Van Sicklen Corp part A-.--* ._* 450 Viking Pump Co Pref Common .* 950 ..... 810 Vorsec Co part pref 1,150 150 9,870 * * 11,000 Vortex Cup Co com Class A 6,650 9,600 Wahl Co com 58,320 Walgreen Co com.. 50 50 ■ % 114 22 lV* 5 134 Sale 40 \ X J. ¥ « May 13 5 34 May 5 May 13 X May 3 *33"" May"27 May 2 3 4l 34 "May" 2 134 Sale 54 1 * * Purchase warrants May Feb. Jan. X Mar. 534 May 5 34 May 19 May 31 May 16 A Apr. 21 34 Jan. 13 5 May 13 334 Apr. 11 34 May 3 X Jan. 22 33 May 27 4g May 25 May 19 36 36 1 Sale 34 1 34 May 54 6 May 25 134 May 2 54 May 5 36 May 25 Apr. May 6 Jan. Jan. 1434 20 ..... 1 Sate* X Jan. 3 Feb. 54 May 2 34 Apr. 7 May 934 May 6 May 40 May 134 May 854 Feb. 34 May 234 Mar. Sale 19 334 2* Sale 6 40 12 Me 3^ 1* 3^ 334 34 334 134 54 May 26 54 May 26 ig 734 Sale 1134 1134 70 9$ X 26 27 12 1434 May 20 May 1834 May 3 5634 May 12 134 May 9 103 May May 12 May 18 134 May 18 May 28 7 934 May May 40 May 134 May 9 May 34 May 6 1 28 3l 24 "|4 May_5 1 X May „ 8..:* 134 434 134 134 May 134 May 6 ..... 8H X 234 8 734 154 116^ 2 Sale Sale Sale 83. 934 2X X Sale 2234 2534 334 IX 4 1434 Sale 21 22 X 34 1 1134 Sale 134 3 1 1 -I..... 1654 95 ..... 6 3 5 2 Sale 1334 Sale 95 Sale 6 Sale 34 8 334 1 54 3 3 134 Sale 1634 154 X 25^ 34 1 A* 15 Sale 34 Sale §34 Sale 1334 May 31 May 24 95 534 34 34 3 234 54 17 May May May May May May May 20 31 31 16 16 6 17 98 May 10 May 11 634 34 154 654 2X 54 17 May May May May May May May 23 20 11 4 20 16 6 9 Sale 1 Sale 1 3 4 50 31 134 May 6 May 134 May 2 734 May 6 May 5 54 May 23 17 31 26 31 16 May 26 May 12 59 15 May 34 May 854 May 1 May 10 May 6 May 31 7 61 18 11 26 19 1 Jan. 1334 May May 34 Apr. 534 Mar. 34 Jan. 34 May 21 lan. Jan. 26 12 38 Jan. 20 1X Jan. 534 Apr. 14 8 Jan. 13 5 154 Feb. 24 34 Jan. 13 5 May 13 Jan. 19 234 Mar. 7 134 Mar. 14 69 Jan. 16 59 Jan. 12 36 May 26 334 Jan. 14 154 Feb. 18 234 Jan. 5 6834 Jan. 7 34 Jan. 18 16 634 Mar. 31 Jan. 4 354 Feb. 2 3 19 Mar. 9 28 2554 Mar. 3 31 24 44 26 10 12 11 34 Mar. 23 34 Feb. 16 Apr. 6 Jan. 254 Jan. 15 44 28 Mar. 24 Jan. 13 34 Apr. 20 95 4 95 11 12 31 4 31 Jan. Jan. Feb. 5 9 26 1554 Mar. 5 134 Jan. 15 434 Mar. 11 5 Feb. 4 32 Jan. 13 2 Jan. 21 54 Jan. 28 34 Feb. 16 234 Jan. 20 134 Feb. 19 334 Jan. 19 20 Jan. 8 25 Mar. 5 8 31 24 114 Feb. 25 34 Apr. 1254 Jan. 154 Jan. 12 14 8 Jan. 9 May 31 234 May 16 1134 Feb. 19 Jan. 15 54 May 16 234 Jan. 19 34 Jan. 2 3 34 Apr. 17 May 3 4 7 6 34 Sale Sale 134 54 •II" 1534 20 5 Sale 10334 5 27 234 Feb. 11 3 1 24 654 254 34 2 Mar. 36 1 X 5* X Jan. 5 Mar. 9 10734 Mar. 21 1X Jan. 13 1734 Feb. 2 2 Jan. 14 134 Jan. 4 934 Jan. 23 8534 Mar. 14 8 Feb. 8 19 Jan. 5 X Mar. 8 1034 Jan. 27 103 48 40 1 Y 20 Sale 21 —■ ,1,200 i 54 18 4 134 Apr. 13 634 -S SB 4 Jan. Jan. 3 1134 Mar. 19 734 May 18 27 Jan. 12 May 11 May 6 May 2 8 114 134 May 31 34 534 534 X 16 10454 Jan. I 734 May 18 34 May 19 May 31 May 16 May 2 Jan. 134 Feb. IX May 31 5 9 1 Wf 4 2 434 Jan. 12 125 Jan. 9 115 Feb. 5 1434 May 32 100 , a Sale 5 34 1% 2 ::::: "ix 20 ""rI6o — ..— 2X .... 200 34 Sale 34 i / A Preferred 100 1,670 100 U S Lines Inc pref U S Radio 8c Telev com 70,360 12,050 Utah Radio Products com * 27,900 Utility 8c Ind Corp com Convertible preferred * 36,500 1,500 Utilities Pow 8c Lt Corp A..* Common non-voting ../ 1,150 8,000 m IX 1134 May 7 2 560 United Ptrs & Pubs com Convertible preferred 300 10 United Pub Utll 36 pref 58,900 U S Gypsum * «. *• * com 934 ..... 4534 94 Sale 1234 United Amer Utll Inc - 57 Sale 3,800 950 "x ~"x 1 52 534 May 18 .... 3 62 75 8 19 Mar, 6334 Apr. 14 1X Jan. 9 2734 Mar. 16 634 Jan. 18 34 Feb. May : 9834 Apr. X May 8334 May 16 8 May 2 19 May 6 11 27 12 754 Mar. 20 69 4 134 Sale 734 10 X 1634 13 X 8 634 Jan. 554 Jan. 234 Jan. May : Apr. Apr. May ! Jan. 7 Mar. 28 16 134 May Apr. 60 1 3 14 55 3 60 11 Feb. Feb. Jan. 8 734 May 18 2 134 2 40 950 l^tay 54 17 60 ... 37 41 7 Feb. 2154 Jan. 534 Apr. 19 X 554 8 5 21 70 78 134 34 134 334 5934 28 8034 May 2 May 10 31 107 31 54 May 16 May 11 25 16 1 May 5 13 X May 4 May 24 May May 6 75 24 34 7 141 75 12 7 May May May May May May 7K 5* 70 24 9 15 1,800 Telephone 68 May May May 16 May 17 May ~ May May May 19 22 IX 9X 143 Sale 1334 34 Sale 35 Bond 8c Share A.* 200,500 100 t 34 69 Sale Sale 1003 "734 25 300 Sutherland Paper Co com..10 189",300 Sale 334 3H 6 18 X Sale * com.. 43 60 Sale 69 80 X Sale 101 10234 115 34 Vs X 10 pref....25 conv 1,450 Super Maid Corp * 254 A 134 254 1634 May 28 1 May 26 34 May 31 134 May 17 3 May 4 37 May 31 4734 May 19 6134 May 26 60 May 26 1 Sale 11 25 i '""170 38 53 63 20 com com Sale Sale Sale 84 8* 1 ... 34 Sale 3734 Sale SIX "27"" 5,250 Southern Union Gas com 1,200 South East G & W part A 690 Southw G&E Co 7% pref.100 160 Sourhw Lt 8c Power pref • '""560 y 18 134 X 2X Sale Sale 34 "134 X Sale 8 534 85 8334 Sale 8 IX 37 1,670 Slgnode Steel Strap Co pf.30 1 nnn Common ._—.* 1,000 100 Sale 105 15h 500 Shaler Co (The) class A 770 100 2 > X 88 X 100 X 2 21,250 Seaboard Utll Shares com.. 300 1 2H Sale 14 400 Sangamo Electric Co 370 Seaboard Pub Serv Co $6 pfd 440 Convertible preferred 4,850 114 100 3 * 1,210 Sally Frocks Inc com....... 50 """80 125 IX X IX 3X 54 X 4 ..... 15 660 Ryan Car Co (The) com 3,450 Ryerson 8c Son Inc com '""766 Sale 19 Sale Sale *!§"■ 2,700 Rollins Hos Mills conv pref 3,100 Ross Gear 8c Tool com 100 Sale 2 75 54 Jan. 1634 May i 1 May ! 34 May J Sale M 4 Jan. 134 Mar. 23 Apr. : 63 100 Capital stock Jan. 554 Jan. 6 Apr. 14 Peoples Gas Lt 8c Coke 100 14 9 4 7 954 May 26 234 May 25 834 May 9 2 May 10 434 May 3 5X May 6 Jan. 12 24 20 AX 11 Apr. 15 2 X 5 20 534 Sale Sale 2 2234 4 2 X 85 5 34 22 X 5X 14 4 134 1334 Feb. 554 Feb. 10 2 1934 Jan. Oshkosh Overall Co * 15 34 Feb. 15 10 154 May 13 34 Apr. 6 2734 May 28 934 May 11 34 Jan. 11 1 X Mar. Mar. May May 154 May 13 54 May 25 30 May 3 1234 May 13 1 May 31 1354 May 6 334 May 3 13 85 60 4 34 May Feb. 2 30 26 27 31 13 May 11 1 Apr. 14 34 Jan. 13 8 3 2 Sale 4454 Sale 1934 21 X 1X 21 5 34 34 354 354 454 May 12 4 May 4 1434 May 10 2 May 6 6 334 15 *% cumulative pref 100 National Standard com * Nat Union Radio Corp * Noblltt-Sparks Ind Inc com_* North American Car com...* Nor Amer Gas & Elec cl A__* Nor Amer Lt 8c Power com./ No 8c So Amer Corp A com./ Nor States Pow A com 100 No nhwest Bancorp com—50 Northwest Eng Co com * Nor West Utll pr lien pref.100 7% preferred 100 Ontario Mfg Co com ♦ 40 4 9 6 1934 Sale com___l Nat Secur Invest Co H 1 h 834 5 1,850 Nachman Sprlngfilled com. * 380 National Battery Co pref—* 109,500 Nat Elec Power A part * 6,900 National Leather com 10 National Pub Service Corp— 490 $3X conv preferred Nat Republic Invest Trust— 950 Cumul. conv. pref. • 600 Ask. ^ 1M1„ Lowest. Ask Ask. Bid Bid Sale Prices. May 31. May 2. 1932. 1,350 Muncie Gear Co cl "A" * 1,900 Common 2,150 Muskegon Mot Spec conv A.* ; RANGE SINCE JAN. 1. Price Jan. 2 May. Sharse. PRICES IN MAY. CHICAGO STOCK EXCHANGE AGGREGATE SALES. EXCHANGE STOCK Jan. 8 6 18 134 Apr. 30 6 Apr. May 34 Mar. 834 Apr. 1 May 15 30 17 1 11 31 3 10 23 4 Feb. 19 Feb. 19 234 Apr. 4 1434 Jan. 2 2334 Jan. 154 Jan. 6 25 1134 Jan. 14 1 M ay 31 Warchel Corp—■ V 250 U" 250 280 3,926 - 1,730 2,192 470 Lm+m 150 350 «. - - - w- 550 2,400 400 10 76 58 34 Sale 15 3,300 1,400 42,350 v?; Western Grocer Co com.^. .25 4 * Williams Oll-O-Mat _* com Wisconsin Bankshares com 60 * ¥ 10 3X stk.10 1,900 Yates-Amer Mach part pref.* 6,800 Yellow Cab Co Inc (Chic)..* * 8,400 Zenith Radio Corp com No uar value, 6 534 Sale cap. "lX 10 5 4 354 334 2 1154 54 1 3 2434 34 15 -34 4 354 434 __100 Wleboldt Stores Inc 50 Wolverine Cement 2 3 West P L 8c Tel class A 7% preferred 30 1 * 200 Western Con Utll Inc A 50 8,450 1 60 * 1,240 Wayne Pump Co com Convertible preferred....* 1,720 v ' ' * (Montgom) 8c Co cl A.* Convertible preferred 640 Waukesha Motor Co com...* 100 m 3 10 1 Common. Ward 134 234 354 20 IX May 3 6"" 534 354 234 Sale 334 34 Sale 54 2 6 aW 2 Sale 54 34 834 534 May 5 234 May 19 2 May 6 334 34 8_ 11 9 534 8 34 May 6 May 25 34 May 17 Jan. 7 34 Jan. 14 3 154 May 134 Apr. 534 May 5 334 May 5 234 May 13 34 May 2 May 10 54 May 6 50 1 Apr. 7 Apr. 334 Jan. 2 34 May 2 Apr. 1 Apr. 1 34 May 6 8 May 25 34 May 17 x Kx-dlvidand. 1 Feb. 154 May 9 3 4 73 6 3 134 Mar. 1 26 12 26 26 3 5 29 13 26 19 20 334 334 5 3 Feb. May 20 Apr. 34 Apr. 1 Apr. 4* 3 rA 1 134 Mar. May 6 May 12 4 50 20 t 2 Jan. 29 434 Jan. 29 21 6 Jan. 4 Feb. 4 Jan. 7 Feb. i Feb. 26 7 49 8 334 Feb. 4 Jan. 1 Apr. 134 Jan. 13 18 15 1 4 Mar. 26 134 Jan. 8 ; :v; RANGE OF PRICES ON PHILADELPHIA STOCK EXCHANGE Stock Sales. Shares. AGGREGATE SALES, Jan. Shares. mm mm mm mm mm - 5,000 134,700 4,000 4,000 5,000 3,000 7,000 „ ^ 4,000 12,000 4,000 - m'mrn mm «. - 5,000 •» - — - 4.000 20,000 63.000 139,200 .. — — — 59,000 mm. mm mm mm mm mm 5,000 5,000 mmm mm mm mm m m, mm m.' mm mm 5,000 Shares. 39.530 "2,656 "2.166 T.500 140 1,910 """102 1,258 2,100 German Cen Bank 6s cons 1935 50 2,900 74 1948 4 Northern Penn 4s ....1936 25 71 66 87 80 i§* 106 28)4 95)4 Peoples Pass 4s T C ctf dep-. Pblla Elec (Pa) 1st s f 4s.1966 1st 4H* series ......1967 1st 8c ref 4s 1971 1st 5s 1966 1st lien & ref 5s Phlla Elec Pow Co 5Ht»1972 Phila Sub Co 4H Pub Serv El 5c Gas 4a STOCKS 98)* 29)4 96)4 100 Budd (E G) Mfg Co • Preferred 85)4 76)4 Cambria Camden 85 90 95 97 84 85 101)4 Sale 100 8ale 88)4 85)4 Horn 8c Hardart (N Y) com..* Preferred 98)4 Sale May May May May 20 90)4 90 13 28 90)4 24 10354 90 89 May 16 May 6 May 10 May 12 May 3 May 4 May 4 4 9 May 354 May 4 4 Feb. 6 20 :8)4 Jan. 23 60 Feb. 1 10 12 May 14 14)4 Mar. 24 66)4 May 18 1 May 14 May 13 0 Jan. 25 14 Jan. 5 21 Feb. 24 Feb. 24 16 6254 Apr. 14 10)4 Jan. 17 8 1054 Mar. 73 17 5 24 Feb. 19)4 Jan. Feb. 14)4 1)4 18)4 17)4 71)4 May 88)4 Mar. 23 8 30 May 12 May 17 Mar. 4 Mar. 8 Feb. 28 May 5 Mar. 0)4 Mar. 15 Apr. Apr. 2 IS* IS* 100 101)4 98)4 95)4 84)4 Feb. 5 7 1 Feb. Feb. Mar. 26 Mar. 3 Mar. 28 354 Apr. 28 1)4 Apr. 12 5 Apr. 26 6)4 Jan. 27 6)4 Jan. 12 Apr. May. Feb. Jan. Feb. 1 100 Feb. Feb. 8 99 Feb. 26 85 Feb. 8 Feb. 26 9 May 4 354 May 4 89)4 Apr. 14 1 9 May 4 3 54 May 4 9154 Jan. 12 59 May 18 Mar. 10 59 85 May 18 91 Jan. Mar. 18 85 Mar. 18 86 May 18 80 20)4 Sale 8)4 98)4 Sale 3 4X 108 106 5)4 1)4 6 2 26)4 7)4 105 35 15)4 2)4 10j lj 35 18 28)4 10 X Mar. 90 7 75 Sale Sale 2)4 Sale 95 93 15 16 18 82 95 82 30 Sale 26 Sale 2 Mar 8 9 'Jan. 5 Feb. 20 3 Sale 18)4 Sale 10 6 9 16 6)4 Sale o 55 7)4 Sale 1 li* )4 Sale 61)4 1)4 Sale "1)4 91)4 Sale 91 93 36 25 40 55 75 Sale 28 30 24 Sale 24 28 33 25 23 24 24 2 3 2 700 Sale 13 3 Sale 24 Sale 1 10 703 Scott Paper 26 2X 3)4 7% Sale 2X 3 Sale 2 36)4 354 31 3 38)* 24 16 27 5)4 Sale 2)4 2)4 X 8 178 3 2 39 2)4 33 Sale 13 20 3 Sale 94 765 Tacony-Talmyra Bridge • 205 Telephone Security preferred 1 96 95 — 97 Sale 82 % 87 97 92 May 27)4 May May May 25 May ■2% May 7)4 May 3 May 24 May 2)4 May May 13 )4 May 21 2 20 94 40 6% preferred............. 132 7% A 4,047 Seaboard Utilities Corp 800 Sentry Safety Control 5,300 Shreve El Dorado Pipe L 25 May May 5 )4 May X 30 Scott Paper series A Devel..' 7 25 65 85 May 26 May 27 May 18 May 9 )4 May 21 2)4 May 3 May 14 May 18 85 May 9 33 94 )4 Sale X )4 3 )4 Sale 32 35 31 7 "1-16 1-16 1 30 40 X Sale Sale X 3 93 May May Apr. May May 18 )4 May 2 54 May 10 "1-16""" X )4 May 31 29)4 May 27 7 May " 1-16 May 20 1 May 20 33 May 13 7 May 2 1-16 May 20 Jan. 1 Jan. Jan. 27 30 Jan. 9 100 Jan. 31 40 26 14)4 Jan. 17 X Jan. 2)4 Jan. 6 J4 May 31 Feb. 1)4 May May 21X May 63 Apr. 91 Apr. 24 May 108 X Mar. 22)4 Apr. 2 Apr. 5)4 May 2)4 May 16)4 May 13 May 8 22 14 14 3 Jan. 30 68 Jan. 28 31 3)4 Jan. 22)4 Jan. 27 36 5 21 26 15 6 74 Jan. Jan. 9 98)4 Mar. 12 31 30)4 Mar. 9 16 108)4 Mar. 16 14 6 13 6 19 27 31 7 7 )4 Apr. )4 Jan. 25 X Apr. 23 29)4 May 27 7 Mar. 9 8 11 16 X Apr. 19 17)4 Apr. 25 24)4 Mar. 14 2 Apr. 19 20 May 27 94 May 18 9 85 May Jan. 33)4 Mar. 5 9)4 Jan. 13 X Mar. 5 26 120 6)4 May 13 91 Sale 2 8 Feb. 63 1)4 May 11)4 May 25 May 7 Jan. 6 1)4 May May 21)4 May Sale 11)4 Sale 21)4 44 Sale 9 2 22 18 May May May 1 May 1)4 May ux Jan. 6 10 8 il* iH 3 15 Mar. 14 Feb. 25 Jan. 14 Jan. 14 Jan. 14 Feb. IS 5 May May 31 May 31 8 Feb. 27 ..... 92)4 Sale 27)4 Sale 30 May 21)4 May 18)4 May 6 May 6)4 May 1 May )4 May 40 Shares Corp 101 May May 9 Apr. 19 Jan. 20)4 14 54 2)4 X 85 92 3X May 5 May 5 5H May 11 95 9)4 Jan. 1 )4 May 26 32)4 May 18 10)4 May 31 1 20)4 May 14)4 May 2)4 May 74 50 si* 2)4 32 15 M 65 "M 4 20X May 31 36)4 1 1)4 Apr. 19 7 May 25 10 96)4 May 31 113 6 6 Feb. 25 9 )4 Apr. 9 95)4 100 20)4 22 H 27H 11 2)4 1 )4 May May 4 May 28 11)4 May 10 32)4 May 10)4 May 100 26)4 2 May 14 May 2 108 A* "IIIMay Sale 1 Sale 8 32)4 May 8 May 96)4 May 7 4)4 3 115 7 )4 May 16 12 39 18 20)4 May 31 20 7 90 7% preferred 50 Phlla 8c Reading Coal & Iron Philadelphia Traction 50 May 16 73 59 • Railroad Phlla Rapid Transit Ex-dividend 98)4 May 31 104 9 25 450 Reading RR 5 Reading RR 1st pref.. 1,800 Reliance Insurance.... No par value. 5 9 65 20 72 May 16 354 May ...100 813 Phila Insulated Wire Tono-Beimont Jan. 99 X 227 Phila Dairy Prod pref 28,000 28 92 89 105 Mar. 14 6 Feb. Feb. 99)4 Feb. 84)4 May 12 71)4 May 17 Prices. 5 May 4 May 16 May 19 May 26 85 "11)4 100 4,230 Phlla Elec of Pa $5 pref 14,000 Phila Elec Pow pref 65 6254 May 13 Vale Mar. 14 86 88)4 90 89)4 98 96)4 97)4 86 89 86)4 8754 85)4 92)4 10354 102)4 Sale 102)4 104 65 77 100 50 Iron Fire Insurance 4,229 25,000 12 4 12 14 13 23 76J4 39)4 2)* 142,439 Pennsylvania RR 50 750 Penna Salt Manufacturing.. 438 May 22 May 80)4 May 25 May 21 May 67)4 May 28 84)4 32 ... Budd Wheel Co 100 ""266 May 16 62 1 940 Horn 8c Hardart (Phlla) com.* f-V. ( / 4 90 Phila Traction ctf of deposit. ""116 23 May 82)4 May 16 71)4 May 17 9)4 Sale 6,800 8,650 6,930 5,715 250 10 16 19 26 12 14 24 18 77 65 106 23 85 60 * 6,575 Electric Storage Battery..100 17,625 Fire Association 10 282 (I) Flshman 5c Sons..... 10 4 Highest. Prices Par Central Airport 227 Consol Traction of N J 295 May 65 May 20 May 20 May 80)4 May 25 May 15 May 66)4 May J1971 w Bell Tell Co of Pa pref 25 Bornot Inc 1,150 Lowest. Sale 1960 7,125 328 Highest. Sale Prices. 107 1941 10.540 Bankers Securities pref 600 1,500 Lowest Sale Prices. 6254 May 13 16 Phila Germ & Norrlst'nRR 50 ♦ 63 200 Bankers Securities Corp 75 20 85 70 Lehigh Power & Light 6s Lehigh Valley Annuity 6s.. Lehigh Vail Trans ref 5s_1960 15" 200 '""785 21)4 Sale 17 Keystone Tel 5s 30 Penn Cent L 8c P cum pref..* 110,700 Pennroad Corp....... 26,600 28 Interstate Ry 4s 900 100 24)* 1960 53,930 American Stores 12,400 Ask Georgia Power & Lt 5)4■_ 1967 Shares 38,910 1,210 7,000 1,430 5,910 1,200 May 31. Bid. Certificates of deposit 24,500 Insurance Co of N A ...10 202,900 Lehigh Coal 8c Navigation 3,872 Lehigh Valley 2,000 Mitten Bank Sec Corp 7,400 Preferred.. 16,600 2,897 Ask 77 1,000 Readng Terminal 5a 5,000 Reading Terminal 5s .1944 1,000 Reading improvement 4a.. 5,000 Republic of Chile 1960 5,000 Republic of Peru 6s 1931 51,000 Safe Harbor W Pow 4V$a_1979 7,000 Strawbridge & Clothier 5s '48 51,000 Southeastern Pr & Lt 6s. 1,000 Wil 8c Chester 6s 6,000 York Rys 1st 5a 1987 480 "5,466 May 2. Bid. 1935 Eiec & Peoples tr ctfs 4s. 1945 2.000 Pennsylvania 5s ..1968 30.000 Penna Pow & Lt 4)^8 1981 21.000 Peoples Pass tr ctfs 4s 1943 80 2,110 Ask, 2028 Con Trac of N J 1st 5s Lehigh Nav 6,770,300 RANGE SINCE JAN. 1. -.1952 19,000 Penn Cent LAP 4Hs 4,000 Penna Co 3 J4s 1,325 May 31 PRICES IN MAY. 1932. 1,000 Adv Bag & Paper 6s 32.700 Amer Elec & Gas 5s 1,000 32,600 43,000 77,200 2,904,800 1,000 751,000 9,000 13,000 Jan. 1 to 1931. $1,293,100 Price Bid. 5,000 338,102 29,100 12,400 5,000 14,000 22,000 3,000 79,000 11,000 7,500 2,000 1932. $501,900 2,312,302 May Jan. 2 BONDS 1. Shares. 1,000 m PHILADELPHIA STOCK EXCHANGE Since May. Bond Sales. 903,714 4,742,563 473,161 2,721,304 Jan. 1 to May 31 In 1931. 1932. May— Jan. 4 1-16 Jan. 6 28 Jan. 19 21 15 5 X Feb. 20 28)4 Jan. 20 26)4 Mar. 1 Jan. Jan. 5)4 Jan. 35 Feb. 8 16 24)4 Mar. 14 4)4 Feb. 13 42)4 Mar. 14 Mar. 30 W* 86 1018 Mar. 23 Mar. 10 Jan. Jan. AVI 40 7 15 2 Jan. 8 Mar. 17 Jan. Feb. 4 19 60 11 : PHILADELPHIA STOCK EXCHANGE In Since Jan. 1. STOCKS. V?: Union 17.410 • 97", 100 Certificate* of deposit •' . 270 136 /, V *7800 300 1 16% (3ale 11% Sale 83 86 Prod class A .♦ 25 Sale 77 9 * 5 2% Highest. Sale Prices. 8 80 25 4% 2 5 ""2% "4" 2% 5 Warner Company..........* Sale 2% "2% May" "4 May 3 May 26 May 24 35 45 . 10 3 9% 45 5 3 9% "43"" "56" 2 2 ix 3 10 _ 50 May 16 5 20 3 3 5 60 3 5 7 Jan. 25 Jan. 11 3% Jan. 4% Feb. 9 9 6% Mar. 8 Apr. 12 May 2a 6 5 55 7 Jan. 46 Jan. 8 Jan. 29 Feb. 13 Mar. 7 Mar. 10 Jan. 4 80 May 3 May 26 May 24 2 May 26 May 24 2% May 94 80 20 2 May 25 4 3 90 W Jersey 5c Seashore RR 2 2% Sale May 3 Apr. May 16 Apr. 27 2% Apr. 19 80 Jan. 11 2 May 16 4% Feb. 9 82 20 Second 100 6 13% May 28 17% May 6 May 16 11% May 31 May 16 May 10 2x May 5 79 20 % 17% 15% 21% 1-16 May 23 8 May 31 x May 12 13% May 12 May 31 12 61 7 Lowest. Sale Prices. 1-16 May 23 m a 88 preferred........ 900 Victory Insurance Co 100 Victory Park Land Impt Highest. Sale Prices. Sale 8 60 new..; 300 Westmoreland, Inc 300 Westmoreland Coal 200 % 13% 85 Preferred U S Dairy 5,400 1,700 x 12% Common clas* B..— 5,000 3,519 2,066 . Ask. Ask. Bid. Bid. * United Gas Impt com new..* 428,400 300 50 Traction Ask. Lowest. Sale Prices. May 31. May 2. X X 15% Sale 14% Sale 18% Sale —1 3,900 Tonopalj Mining ; Bid. Par. 450 A 1932. Shares. 300 range since jan. 1. in may. > Jan. 2 May. 3,300 prices | . Price STOCK EXCHANGE Shares. ! :' PHILADELPHIA aggregate sales. Jan. I3 f: Boston Stock MONTHLY AND YEARLY STOCK EXCHANGE RANGE OF PRICES ON BOSTON . Jan. 1 to May 31 May, Jan. 1. t 24,000 2,000 13",666 18,000 40,000 11,000 1,000 25,000 16",000 14",000 Shares. 864 2,387 1932. 179,450 East Maaa StRR aerA 4Ha 1948 Serlea B 5a 1948 80,000 Seriea D 6a 1948 7,700 Series C.............. 1948 9,200 1396 6,000 Hood Rubber 7a 1940 1,000 Illinois Steel 4%s 1,000 Indianapolis Pr Ac Lt.__.1957 2,000 Kan City Mem Ac Birm 4a. 1934 Income 5s........ 1934 2,000 1968 1,000 Lexington Water 33,000 Mt Hope Bridge Flat 6H8 '57 95,000 New Engl Tel 8c Tel 5s___1932 1956 4,000 Nor Am Lt & Pr A 5%a Series B .1956 3,000 1935 37,000 P C Pocahontas deb 7a 1937 1,000 Sevilla-Biltmore 7%s Swift & Co 5s 1944 29,000 STOCKS 130 8c ...100 ...100 Pref Maine 52 45 Sale 45 May 31 59 May 25 21 23 17 20 17 May 13 17 May 13 35 37% "90" W" 17% 79 90 95 24 Sale" - 30 27 29 *48% 26 30 27 Sale 26 50 53 100 % Sale 85 80 80 3,702 300 21,203 100 Adjustment 500 76 100 ..... ..... 480 2,135 72 May 99 May 13 305 366 20 35",277 740 729 19% 80* 76 63 Sale 63 285 160 1,775 1,565 262 ...... .100 a lo 8 140 —... 10 ; ... 4 5 1H 20% 3 ix 12% Sale 120? ..... 77 Jan. 5 311/Mar. 31% Mar. 20 Jan. 5 Feb* 8 Apr. 49% Jan. 8 4 5 96 7 91%Mar. Jan. 14 9 5 Mar. 26 Mar. 24 Mar. 29 Feb. 70 Feb. 60 Apr. 40 Mar. Jan. 5 7 Feb. 2d Feb. 18 Apr. 13 24 Mar. 19 LOOx May 13 48% Mar. 29 48% Mar. 29 99H Jan. 48 % Mar. 48% Mar. 60 May 85 99 Jan. Jan. 14 Jan. 19 94% May L00% Apr. 8 76 130 11% 4 3 2% IX Sale 6% 2 22-- Sale 50 7% Sale 100 X Sale Sale 65c 1 v X ■~x Sale 1 70c X 2* ix Sale 11 > 98% Sale 2x Sale 10% Sale 87% Sale" 10 May 13 10 6 7 May 3 May 25 May 9 10 121 79 12% May 13 May 31 May 3 May 26 128 May 80 6 40c" May \A May 5 May 2x May 1% May 6X May 20 May 3 May 14 4 May 5 3 May 5 1X May 2 14% May 7 20 May 16 40c 23 13 2 26 16 "80" 7045- I ix 1 IX 15- 28 Jan. 14 76% Jan. 2 Jan. 22 Jan. Jan. 12 35 62 26 May 62% Apr. 116% "Sale" 3%; -3% 17 % Sale ■; 8% , 9 . - .9% Sale IX 2X Sale. 'i"7'" "16" 3% ix 50c J ..... t 2... 6% Sale 60 64 52 i , Ex-dividend. Sale Sale f . ,1x 2.00 ' 5 8 6% -1 ' 5 ..... x 5 32 15 Jan. 21 Jan. 16 Jan. 15 Jan. 15 Jan. 7 Jan. 14 50 135 Feb. 24 May 92 Mar. 18 Mar. 155 Jan. 14 May 4x May 6 May 10 x Apr. 10 May 121 May 79 153 "I" 3* 4X Sale Sale 81 , 14 May 18 AX May 31 135 -I 1.00 5 80 X Sale 65c .... Assessment paid, 9 7 ..... 75 1% Sale .......100 Boston Personal PropTruat.. Preferred 95 17% Jan. 40c 7 95 80% May 11x May 95 May May 23 May 31 May 9 4 2 9 x May 2 May 27 x May 13 ix May 17 10 May 2 X May 27 3 x May 13 85c May 20 4 May 16 75 100 1 XMay May 2x May 10X May 2 70 May 11 8% May 28 3 x May 2 3 May 11 102 - May 20 May 16 2 87% May ix May 6X May 60 May 6X May 2x May Feb. May May May May 6x May 2x May l May X Apr. 2 Apr. 8lx A* • 13 Jan. 15 Jan. 19 Feb. 1 12 3 Feb. 4 Feb. 3 3 Jan. 14 14 Feb. 12% Feb. 9 16 19 3 19 16 13 Jan. Feb. 27 25 16 2X Feb. Feb. 31 137 4% Feb. 16 Feb. 26 22 13 23 13 23 15 15 22 9 6% Feb. 29 4 4 85c 8 Jan. 100 May 27 2 In Jan. Feb. 18 21 Jan. 23% Jan. Feb. 110 May May May 5 IX May Apr. Feb. k Mar. 95 5 Jan. 22 May 2x May 90c Mar, 6x May 20 May 50 7 Jan. Jan. May 98 50 24 3 ....... 786 Continental Securities Corn No par value 4X Sale 110 25 Brown 8c Co pref 347 Brown Ac Durrel Co common. 29 Sale 15 9 55c f 1 89 75c 177,492 * 3,526 Amoskeag Mfg Co 3,923 Bigelow-Sanford Carpet... • 153 May 66 x May 10 20 18% Sale 50 Amer Telep 8c Teleg 100 92 May 26 May 31 • II"! loo" 86 Corp First preferred 2d preferred... Preferred. 85 10 35 76 142-? ....._50 ... 6 May 26 128 100 Amer Pneumatic Service Preferred 4 100 x May 13 94% May 31 Sale 94 .51c 5 2% 75c pf_100 542 155 100% May Sale 10 7 157 MISCELLANEOUS— American Founders Corp.... 260 4 60 12 100 Worcester Amer 8c Continental 49 x May 55 Preferred 631 Old Colony 3,968 17,726 Apr. 27 May 18 86 22 Sale 88 40 100 25 2,600 4 — 65x Sale Sale 7 50 31,822 Pennsylvania RR 335 Proy & Worcester Ry...._100 5,092 79 4 23 Mar. 3 15 117 % - N Y N H 8c Hartford 133 Norwich & ""276 . Preferred B 190 680 Feb. 99 99% 100 270 Chic Jet Ry Ac U S Y pref.... Common. i.. ^^^ 167 i 675 East Maaa St Ry Co.......100 First preferred 525 100 150 49 % May 94% Sale 70 "8% "9% Ser D 1st pref stamped..100 333 100 482 Boston & Providence 140 30 99% 16 95 "53% 25 100 % 100% 58 . 47 40 15 . 23 60 Ser B 1st pref stamped.. 100 Ser C 1st pref stamped..100 . Feb. 70 574 210 . May 9 May 11 Feb. 91% Mar. 7 . 28 43 23 51 % 25 - May 27 —May 31 81 May 23 90% May 11 28% — 12 . , 65% Mar. 28 - 46 51 May 2 May 18 86 26 28% 28 % 5 May 31 May 13 96 21 20 190 * 79 :: "§9" 91 Prices. 45 17 47 46 55% 42% Highest. Sale Sale Prices 65 Boat 8c Maine prior pf stpd 100 Ser A 1st pref atamped__100 ""14 Prices 54 X 2,733 1,563 278 Sale Sale Prices. 50 321 293 ""96 Ask. Lowest. Highest. Lowest. May 31. Ask. Bid. ... Common stamped Class C 1st preferred 10 May 2. Bid. Ask. Bid. Par. Boaton 8c Albany... Boston Elevated Boston RANGE SINCE JAN. 1. Price $. 1948 124,000 Amoskeag Mfg Co 6a 1946 17,000 Brown Co 5 %s 5,000 Canad'n Intl Paper Co 6a. 1949 48,000 Chic Jet Ry * U S Yds 4a.l940 5a 1940 48,000 1,806 14,153 970,450 May 31 Jan. 2 BONDS Shares. Jan. 1 to PRICES IN MAY. BOSTON STOCK EXCHANGE Since 1931. $308,160 1,400,260 1932. $174,750 May 609,079 3,650,323 472,195 2,840,364 - AGGREGATE SALES. Jn Shares Bond Sales. 1931. 1932. Stock Sales. May RECORD 70 Jan. 3 Feb. 2 2 Apr. 15 BOSTON AGGREGATE SALES Price Since May. Jan. 1. 10 635 485 1.030 First preferred 482 112 1,387 1 7% mmmrnrn 650 93 35,700 Gillette Safety Razor Co.. 4,870 150 128 Grief Brothers Com stk tr ctfs 1,311 10 96 Sale 60 IX "i% Sale Sale 50 37 7 Sale 6 Sale 25 78 28 16% 20 36 80 16X 15% Sale. 30 16 & 20 Sale 137 190 Sale 8 Sale 6X 18 Sale 13 X 7 8 5 Sale 12 * 85 126 Sale 2 10% Sale 3 1 7% 4X Sale Sale 1 7X 4% 1 May 31 May 31 7 May 27 May 80 May 16% May 126 May 4% May 2 17 13 16 4 31 10K May 31 2 May 2 May 6 May 58 May 42 May 7% May 30 May 81 May 9 19% May 16 145 May 13 7 May 11 13 X May 2 3 3X 13% Sale 3 1 May 12 May 5 11X May 4 8 May 27 3 2 May May 15% May 8% May 4 13 18 10 27 Highest. Prices. Feb. 1 Jan. 27 Feb. 11 IX Jan. 1 Apr. May 26 May 31 May 31 . dH 37 Jan. 4 Jan. 28 14 Jan. 20 2 Jan. May 17 May 13 2 May 4 4% May 31 Mar. 9 Jan. 7 27 80 Jan. 126 16% May 31 Apr. 15 Apr. 28 Apr. 5 2 3 5 10X Jan. 8 May 27 4 Jan. 15 Mar. 14% Apr. 3 IX 3X 14 X Sale 3 10 1 25 2 IX May May 2 2% May 26 Sale Sale 85 Lowest. Sale Prices. 50 40 82 Highest. Sale Prices. 37 58 Sale 2 20% Mar. 5 1 Apr. 15 8X Feb. 13 5% Jan. 8 24% Mar. 3 10 ^ Apr. 2 2 4 6 3X 20 Hygrade-Sylranla Lamp— 130 Sale "68" 309 Hathaway Bakeries class B__ Class A 125 10 Sale 60 X 7 31 ... 235 Greenfield Tap Ac Die IX 1 Ask 64 6,658 General Capital Corp... 120 Georgian Corp 900 Georgian, Inc (The) A pref_. •769 Gilchrist Corpl... 988 IX IX Lowest. Sale Prices. May 31. Ask. Bid. Bid. 5 IX —100 401 Economy Grocery Stores * 16,130 Edison Elec Illumination.100 12,327 Employers' Group Assoc T C. 15 5,823 Ask. Bid. ........ 994 May 2. 1932. 3,210 Crown Cork Intemat Corp.. ...10 1,205 Bast Boston Land 7,015 Eastern Gas Ac Fuel Assn com 4H% preferred 100 3,309 6% preferred 100 5,866 7,751 Eastarn SS Lines, Inc new Preferred ♦ 2,306 1,019 ; STOCKS Shares. 60 RANGE SINCE JAN. 1. PRICES IN MAY. BOSTON STOCK EXCHANGE Jan. 2 In Shares. 61 STOCK EXCHANGE 13 May 19 2 May 19 Sale 11 13 11X May 26 May 26 68 61% Jan. 2 May 19 Mar. 11 81 Apr. 13 May 26 24X Jan. 75X Jan. 72 20 .... Preferred... 2 48 13 48 May 2 May 26 11 48 12 2K Jan. 14 6 Jan. 7 Mar. 11 4 5 Internet Button Hole Sew¬ 1,361 535 5.215 Jenkins Television Corp ; 2,303 Loew's Theatres 40,476 Mass Util Associates 40 New 835 20 3,715 3,601 17,024 8,648 639 30c 55c 8c 30c 30c 1 40c 75c 25c 15 H) 40c 12 30c 12 75 MX 8 •5%: 6 X Sale • ..5 Sale Sale Mach Corp Preferred.... 3 Sale" Sale 50c 25 646 U S Elec Power Corp Utility Equities Corp 5 16% . 3 4 May 7 May 25 May 16 79% May 31 3 May 26 May 7 31c 8 8 IX 8% IX 34% 3% 30c May 4 5c 40c May 10 May 25 30c 12 X May 1 May 7X May 1% May 28 Sale Sale 3X Sale 5X Sale 18% Sale 31 Sale 30 Sale £ Sale 30c 5c 20o 25C 13 6} 71 5c IX S -5" 2 Sale' IX 34 34 X 31X IX 12 65 8 Sale 50c 75c 50c iox UX 23 Sale 30 50c 31 87 Xc 100 10c 50c 18X • Prior preferred.. Warren Bros 19% 5 Sale 19 Jan. 6 Jan. 18 70 Apr. 21 May May 3 7 31c 3 May 26 May 7 X Jan. 2 Mar. 2 11 Jan. X 20 Jan. 65c 12 Jan. 15 16 Mar. 2 3% May 35 5 X May 26 7 May 28 26X May 31 8 5% 8% 13% 30% May 10 May 6 May 3 May 19 7% May 23 8 May 23 Apr. 27 1 8% May IX May Jan. 26 3% 5X 7 26% May May May May 31 26 22 31 19 Mar. 32- Jan. 8 Mar. 23 20c Feb. 19 7% May 23 13- Jan. 18 3 Mar. 14 9% IX Jan. 2 Jan. 20 7% Mar. 3 15% Mar. 10 3 2 Mar. 14 X May 26 23% May 31 30 May 6 X May 5 IX May 1 34 May 11 30% May 7 % May 5 X May 26 23% May 31 30 Apr. 6 X Apr. 26 2% 40% 37% IX 35 33 47 J* Mar. 28 May 11 May 16 "lit Sale" 8 9% May 20 Sale 50 20 50 10 Sale IX Sale Sale 9 2% Sale 2% 9% May 20 18"' "25" 1,870 Calumet Ac Hecla .........25 .25 13,476 Copper Range Co 10,450 East Butte Copper Mining 10 2% 3% IX Sale 2 2,233 1,400 50 135 Hancock Consol Mining Co.. .....1 315 Ihland Creek Coal.. Apr. 28 X Apr. 11 9% May 20 75c 10 I May 11 2% Jan. 19 10c 50c 10 2% 20 100 _ 7 i o 16X ..... stock.. cap Feb. 1 18 6 31c 50c 8 12 6,469 Weatfield Mfg Co 35c 9 1 Jan. 14 Apr. 22 18% Mar. 15 21% Mar. 10 Jan. 13 79% May 31 116 IX Sale IX 1% 10 May 31 .10 May 6 IX May 31 11% May 10 May 2% May 10 Conv preferred............ 25 15 2 3 Sale 43 10c 40 System Inc Preferred 13,014 Jan. 5% Apr. 30 May IX May 16 Common 536 90 18 53 Jan. 9 Mar. 11 Jan. 27 Jan. 15 05.50 div priority stk allot ctfs. 2,788 Waldorf Jan. May 7 May 25 Apr. 18 2 90 25c 2 May 21 Jan. IX Jan. 7 3% Feb. 3 8% Mar. 1 2% Jan. 13 33 IX Sale 31^ Sale 30 30% 37 IX Sale 25 31 31 9 15c May 9 May 12 IX 14 w 2 14 3X May 31 16 Sale 1 IX Jan. 9 May 7 May 9 May 17 May 9 May 2 May 31 16% Sale Sale Sale 12 ...25 15 Waltham Watch class B """§60 May 12 1 3 79% 10c 25c IX — United Founders Corp com.. 816 50 9 6X ....... United Shoe i 10 X 25 645 Union Twist Drill 280 United Carr Fastener Corp 15,933 63,323 4,059 40 1 2 '96'" 8 19,214 Forrlngton Co 964 IX Sale 107"" common... 28,829 Swift Ac Co 22 31 31 21 31 9% May 60c 68% 16X 297 Venezuela Holding Corp 150 Venezuela Mexican Oil Corp. 60 28 14 25 Warrants 19.023 Stone & Webster Inc cap stk 5 36 50c 25c 5X Sale 15.269 Shawmut Assn T C 70 Sale May 27 X May 1 May May May 28 May 3% May 68X 2,351 Reece Button Hole Mach—10 2,364 Reece Folding Mach.......10 ' 3,614 19,028 7*1 Sail* IX ""3 X Sale —100 6.920 Pacific Mills 40 Public Utility Holding corn- 295 m IX IX 9 .... 900 Tower Mfg m 25c England Public Service 41 Ry Lt & Sec Co 225 509 Sale 20c 3 Sale 8 53 15 Prior preferred— 16,851 New England Tel Ac Tel...100 ■ 9 10X 80c 2 8X Sale 2 New.... 1,682 250 • 8 10 80 4,827 I* 460 New Engl Equity Corp. Preferred 35 ' 9 55c Nat Service Co com tha tr ctfs 3,433 10 ■mmrn'm 10 25 v t c 568 National Leather 200 215 220 11 1,280 Mergenthaler Linotype...100 90 Mullins Mfg Co 338 m mm m m com 261 Llbby McNeil Llbby 125 1.420 6,863 9 ing Machine Co.........10 446 9% 10 May 14 13% May 6 Nov. 2% Jan. 17 9% Apr. 14 May 6 IX May 31 15 Jan. 10 May 14 10 19 X Mar. 23 X Apr. 11 17X Feb. 19 Jan. 10 12% Feb. 16 25 Mar. 1 Feb. 19 Jan. 7 7 15 18% Jan. 9 MINING— 410 630 LaSalle Copper....... 514 50c 16 14 107 Isle Royal Copper.........25 1,320 25 ...25 5.862 Mohawk 680 Nipisslng Mines............5 2.50 "5",737 27,467 ""'205 40c 65c 11*4 Sale AfX IX 645 7,900 6,6001 • 1% 65c 15 17H JX a 1., 5,478 Utah Apex Mining .......6 ..1 40,918 Utah Metal At Tunnel. 50c 30c 75c 35c 50c 12 2% May 11 IX May 12 May 24 X 5... Sale 9 7-16 X „ 20c 10c 25c 50c 50c 50c 1 5 X Sale AX . 10% May 25 May 24 113 85} May 20 May 7 1X May IX Apr. Feb. 10c Feb. 10% May 85 Jan. 10c 1 1 65c. 50c Sale Sale 12 85 Sale ' :5* 25c x X 30c 15c 30c 5c 10c 10 1 35c 27c 18,984 Qulncy...................25 65 St Mary's Mineral Land ...25 No par value, 50c 85 50c 30 Shannon... ..............10 "l~,493 10c ssM Sale 40c 200 Ojlbway Mining Co.... .... ......25 620 Old Dominion Co 12,945 Pond Cr Pocahontas Co....* North Butte IX May 27 IX May 26 May 24 12 95 Preferred.............. 90 80 IX J0J 9 May 31 18c" May'25 X May 3 4% May 2 X May 18 16% May 9 28" "May" 12 X May 19 5X May 11 1 May 2 45c 33c Sale 25c 50c 30c 40c 25c May 2 May 26 45c 33c May May 6 2 8 27 25 8 8 8 {May 31 % Apr. 8 18c May 25 X Feb. 9 X Apr. 2& 4% May 2 X May 18 1% Jan.* 6 9 3% 3% 10c Feo. 27 15 Jan. 40c- Jan. At--- {:■■■/, ".'V'/t, i' ■ir. 1 f ■ \ • <. ■ / • v t' ■" %- 27 185* Feb. 19 1 - 60c Jan. Jan. X Feb. 16 9 9 IX Jan. 11 8>i Jan. 2% Jan. 1% Jan. 14 8 2 17 13 5c Feb. 17 Apr. 22 60c Jan. 45c Feb. Feb. Feb. -v,v ; -v;. 13 85% May 7 2% Jan. 25 Ex-dlvidend, V': 11 Jan. 21 Mar. 31 40c 15 Jan. 14c 25c 5c 40c 25 Sale Apr. Apr. 27 23 16 Cleveland Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CLEVELAND STOCK Stock Sales. . 1932. . May .--...--../S/iares Jan. 1 to May 31 AGGREGATE SALES. In 49,852 CLEVELAND 8TOCK EXCHANGE BONDS Jan. 1. STOCKS Shares. * 10 Air Ways pref 100 8 Allen Industries......... * ""160 V.089 Preferred ♦ . * Pref 100 ""165 270 117 Cleveland Ry 765 Preferred 100 413 Cliffs Corporation v t c 225 Columbus Auto Parts pref 598 Commercial Bookbinding 930 Detroit & Cleveland Nav 930 1,196 312 100 628 10 8 3 IbbM ~40"~ 45 *4 "14"" 2 6h ~~3 *4 334 21 2 114 330 5 12 60 3 920 Halle Brothers 149 Preferred 163 Hanna M A $7 pref 638 Harbauer 3 ... 10 ____* » 10 • 514 "85 540 2",017 * 55 79 6?4 Sale 14H 2*4 2*4 4 3 4 334 2534 Sale 28 98 II* Sale 96 29*4 "35" 1534 4 1234 534 23*4 26*4 2 1234 "49~" 8 20 8 934 25 * 1224 * 6 Sale 8 Sale National Carbon pfd National Refining 10*4 90 14 2* 1934 Preferred 25 Prefered 32 410 Ohio Confection... 1,209 Packard Electric 1,385 Packer Corporation 1,101 Patterson-Sargent...... 114 734 123 7*4 1 23*4 334 60 "1*4 ----- 10 —... 11334 6 17*4 70 8 2 18 8 17*4 234 *4 May 2 115 3 May 26 3 May 3 3*4 May 2 May 4 3 May 26 3*4 May 3 3*4 May 2 Sale 92 95 Prices. Feb. 16 Mar. 7 2*4 Feb. 26 2*4 8 of 24 5 7 :::: 7I* 4 May 24 20 25 28 19 27 9 May 1*4 May 11*4 May 47 May 7K May 4 May 24 22 May 5 May 28 May 19 May 4 May 9 1*4 11 *4 48*4 7 *4 25 May 20 25 May 20 1 Sale 10 106 110 4 5 50 75 13 3 2 59 1 3 5 Sale* ""... 21 3 8 Sale 19 20 57 18 Feb. 29 Jan. 23 13 Feb. 13 May 31 Jan. 21 Feb. 8 Jan. Feb. 10 Feb. 10 Jan. 30 Jan. Jan. 30 6 Jan. 12 91*4 Apr. Apr. Apr *4 Apr. 100 May 10*4 Apr. 3 May 2*4 Jan. 15 30 14 25 2 20 26 38 35 Jan. 14 12 Jan. 6 Apr. 11 Jan. 22 Jan. Mar. 11 9 Jan. 14 Jan. 22 11 Feb. 3 9 Jan. 19 16 Jan. 3*4 Jan. 13 May 5 24*4 May 27 Feb. 5 20 May 5 Feb. 17 Mar. 24 Jan. 16 P Apr. 26 Feb. 1 Jan. 30 Jan. 30 5 Jan. 2 2 Apr. 19 8 25 28 19 27 Jan. 21 1434 Apr. 3*4 Jan 19 Apr 20 May 1*4 May 11*4 May 47 May 534 Jan. 10 Apr. Feb. 27 Mar. 4 May 28 Feb. 20 Feb. 29 9 Mar. 7 Jan. 8 23 Jan. 29 Jan. 5 Mar. 2 Jan. 12 1 50 Jan. 20 May 6 May 27 May 6 May 27 65 Mar. 28 Jan. 9 40 Jan. 1*4 May 16 9*4 May 31 3 May 13 2*4 May 7 14*4 May 12 3 May 13 Apr. 22 5 Feb. May 31 May 13 26 Jan. 17 13 4 Apr. 12 Jan. 15 80 8" l6" 53 2 May 6 May 27 May 24 3*4 May 6 25 May 25 7*4 May 24 65 31 17 6 9 31 2 4 17 53 2 May 7 May 3 4 May 4 25 May 25 7*4 May 24 65 May 7 6 4 Apr. 20 May 24 May 6 Jan. 29 May 24 Mar. 18 Mar. 26 Apr. 1 14 May 25 1*4 May 10 Jan. *4 May 27 4 May 6 *4 May 27 4 May 6 May 27 8 Feb.r 3 Feb. T 1 Mar. 30 Mar. 9 1*4 May 106 May 4*4 May 65 May 2 May 24 '"2*4 16 114 5 17 28 70 2*4 5 May" "6 50*4 Mar. 17 3 Apr. 25 5 Jan. 12 16 Jan. 12 6 8 6 50 50 2 4 2 21*4 May 24 59 2 May 31 May 31 5 May 31 12*4 May 2 19 Apr. May 7*4 May 4 May 2 May 24 5 Sale 5 10 Sale 10 Sale 14*4 May 31 May 3 4 31 Apr. 29 21 9 Feb. 6 20 27 Jan. 29 3034 Feb. 12*4 Feb. 17 8 7 8 7 Jan. 65 5 Apr. 14 Jan. 30 2§* 5$ Mar. 26 F3b. 3 May 27 Feb. 19*4 Jan. 95 18 19 May 13 May 25 May 24 4 Jan. . 24 3*4 16 120 17 8*4 28 100 12 334 May 28 Apr. 2 May 13 May 25 Apr. 20 Apr. 8 Apr. 19 May 31 8 Mar. 30 Jan. Apr. 15 Feb. May 2 May 2 May 9 May 16 Mar. 6*4 Jan. May May May May Apr. Jan. *20*4 May"28 30 16 Jan. Apr. 14 63* Mar. 22 Apr. 5 May 11 Mar. May May May May May May May May 34 29 Jan. 5 3 26 28 18*4 8 49*4 31 13*4 29 105 7 May 19 3 3 May 31 3*4 May 17 3*4 9*4 May 6 9*4 5*4 May 28 10*4 23*4 May 31 23*4 8 May 31 9*4 100 May 4 100 4 May 19 4*4 5 12*4 Sale Jan. Feb. 12 25 17 May'27 "39" May"27 3 23*4 7 27 Apr. 5 Apr. 26 Apr. Apr. May May May Apr. May Apr. ~39 1 "21*4 2 5 95 2 Mar. May 2 Apr, 26 11 22 134 25 24 Jan. Jan. Jan. 18 3*4 Feb. 7 Jan. 6 .... 20* 36 77 Sale 24 534 May 5 3*4 May 26 3 May 5 26 May 3 95 May 3 4*4 May 14 12 .... f Jan. May 18 Feb. Jan. 734 Jan. 3*4 May 26 3 May 5 24*4 May 27 95 May 3 4*4 May 14 20 9*4 Sale 234 534 3 • 53 Sale 1 95 aVA Sale Sale 99 5 3 16 6 2 ..._ 2 2 90 8 Sale .... 4 15 60 'llVt * * W 5 95*4 May 7 May 4 May 18 39 40 60 4*4 5 3 2 25 "3*4 "~4" 12 103 ~~2*4 100 * 30 3 14 3 10 2*4 100 • 5*4 70 74 3 4 22 101 10 ,.100 Sale 100 6 May 25 May 4 May 2 2*4 3 20 15 13 93 37 35 1 3 Sale 5 20 40 Sale 80 14 May 19*4 May 9 57 May 31 30 35 234 20 6 40 14 5 3*4 7 3 6 May 11 3* lb" "13*4 50 "4*4 6 il* 5* 27 100 38 "934 May 26 5*4 May 21 50 May 31 134 7 15 10 5 u* 2% .... 2 100 National Acme 734 934 Sale 2 13,435 Rlchman Bros .34 1*4 19 No par value 40 3 1 3 25 ¥*" * 950 Peerless Motor.. Sale *4 24 55 ...* 5,757 Ohio Brass "B" 200 57 57 23 7 434 • 1,260 National Tile 500 National Tool....... ...50 1,508 Nestle La Mur class "A".-..* 2,753 Nineteen Hundred Corp ...* 32 Sale May 23 May 31 19*4 345 55 North American Securities A* l"l20 15*4 30 Preferred 155 40 '"117 13*4 * Myers F E At Bros.. * Preferred 20 __......* 314 May 15 22 10 Preferred... 100 100 Morgan Lithograph _* 375 M»rray-Ohio Mfg Co... _.._.* 1,490 1,133 1,170 20 16 94 Sale 13 1*4 May 65 39 2 3 15*4 28 Sale 0*4 20 May 26 5*4 May 2 50 May 31 55 4 4 5 5*4 May 4* 100 ¥^¥¥>170 237 95 5*4 65 Sale * 10 Miller Wholesale Drug 2,324 Mohawk Rubber 140 "225 17 H 224 McKee A G "B" ""166 26 - 74 Preferred 24 iff 70 35 Medusa Portland Cement 333 Metro Paving Brick... 3 4*4 -35" Sale 100 1,772 Kelly Island L At T 2,264 Lamson Sessions 4 Sale 5 20 75 1 11 25 Sale Sale 17 Sale —100 234 Jaeger Machine 370 Kay nee 15 "485 * Inter lake SS 10 373 7 1*4 May 18 2 3*4 10 Hlgbee 1st preferred.....100 605 India Tire & Rubber... .* 10 "351 1234 1234 75 100 5,146 734 Sale 60 4 2*4 30 *4 100 ... 1,778 Grelf Bros Cooperage 158;Guardian Trust 100 1*4 100 6,236 Goodyear Tire Ac Rubber...* '""200 234 30 2 k ,P 1134 48*4 25 555 9 360 '"""50 10 35 28 - Preferred !00* 3 * Preferred 88 Apr. 26 2*4 Feb. 16 39 2*4 2 * * 150 Highest. 90 5 6 20 6% preferred .......—100 190 Geometric Stamping ......_* 66 Glldden prior pref -....-100 100 Godman Shoe * 328 Goodrich (B F) * 50 95 .15*4 3 *4 99 6% preferred---.--—.100 2,402 Foote Burt * 180 Fostorla Pressed Steel..—..* 313 1,260 ih 195 936 80 Lowest. 90 69*4 100 ... *4 11 35 103 1,105 Firestone Tire Ac Rubber..10 5 Highest. Sale Prices 99*4 75 Sale ----- * * 26 General T Ac R Lowest. Sale Prices. Sale Prices. 92 Feb. 16 75 17 10 757 Federal Knitting Mills 50 Ferry Cap & Set Screw 50 RANGE SINCE JAN. 1. Ask. 30 90 100 326 Enamel Products 364 Faultless Rubber "'"250 5*4 40 24 31 Preferred 400 Eaton Axle & Spring... 50 Edwards (Wm) pref 128 Elec Controller Ac Mfg 50 200 * 6,506 Dow Chemical 10 7* ~25H . 100 IN MAY. May 31. W 100 1,143 Cleveland Union Stkyds 4,692 Cleveland Worsted Mills * 1,390 Cleveland Ac Sand Brew ..100 ; IK 2 *4 H 8 100 401 Cleveland Trust 125 5 10 5,454 Certificates of deposit. .100 2,195 Cleveland Securities prior pf* ""321 1% ..... 100 4,081 Cleveland Elec 111 6% pref100 35 150,550 Ask. Bid. 94 10 30 Cleveland Automatic Mach.* 71 Cleveland Cliffs Iron pref..* 575 89 65 1,670 Clark Fred G 2,245 97 * 250 Chase Brass Ac Cop pfd. 11,424 City ice Ac Fuel. 107 100 H ...100 475 Brown Fence & Wire pref A.* 210 Byers Machine A.. * 1,395 Central United National 20 20 $37,900 99*4 Bid. 5 *4 285 Apex Electric..... 47 Preferred.. 25 Bessemer Limestone 6 ""475 May 31. Par. 1,360 Aetna Rubber 618 May 2. Ask. 500 City Ice Dellv Cin 6* 1936 15,000 Cleveland Railway 5s.-.1933 22,400 Cleve S W Ry&Lt G«cC5al954 255 75 Jan. 1 to PRICES Bid. Shares. 225 1931. $42,500 Price Jan. 2 1932. 1932. May 212,128 Since May. 31,339 167,743 EXCHANGE Bond Sales. 1931. Mar. 23 6 9 Jan. 13 Jan. 28 Feb. 17 1 20 Feb. 1 Feb. Feb. 18 19 Jan. 24*4 Mar. 17 Apr. 2 13 Jan. 59 May 2 Apr. 22 2 15 8*4 Mar. 16 Mar. 17 17 H Jan. 11 3l* Apr. 20 Feb. 16 Price STOCK EXCHANGE Jan. 2 In Since May. Jan. 1. STOCKS Par. Preferred • 100 8,335 Selberllng Rubber 4,830 421 100 649 Selby Shoe * * 25 100 40 Sheriff Street Market 13,258 Sherwin-Williams 1,773 Preferred 5,448 246 43* 4 24 K Sale 98H 101H 3434 8 5 634 18,348 :/• 1,485 3.063 ......-• 25 * Union Trust Van Oorn Iron 144 77 2434 May 24 84?* May 3 May 6 M^y 31 17 20 6 Sale 16 234 7K 9H 5 5 May 10 10K May 31 98 70 78K 2 ..... K 19 30 10 70 "834 May" 17 8 K May 25 May 19 IK May 7 May 24 93* Feb. 29 May |>9 Jan. 13 41 65 16 Jan. 2834 Mar 3K Jan. 7 10 Jan. 23 9 Jan. May 19 28 16 22 23 23 89 3 7 70 20 IK May Jan. 22 Feb. 3 Jan. May 10 75 20 Jan. 6 Arp. 12 Jan. 4 Jan. 13 8K Apr. 17 May 70 19 20 6 6 11 Jan. 2 9 75 ..... Feb. 10?* May 31 8 88 3* Apr. 25 *5 May 10 May 11 17 May 25 May 9 40 10?* Sale IK 7K 8U Mar. 16 3 5 .... 6 5 10- 5 3 K May May 25 3 75 Jan. 5K Feb. 19 25 Jan. 7 6 Jan. 5 41 6 70 7 11 16 1 20 3^ Jan. Jan. Jan. 80 80 4 Jan. 1 80 2 "Ik Sale 4 103* 40 22 Feb. 3 5K Feb. 24 18 Apr. 25 1 70 400 White Motor 240 264 21 Sale 20 9 ......50 100 1,031 White Motor Sec pfd —* 240 Wood Chemical B 784 Youngstown Sheet & T pf 100 Sale 80 17 8 OK 14 4 90 23 2 1K May 7 May 10 5 8 K May 8K May 14 9 i 25 311 Weinberger Drug 10 9 85 47 Truscon Steel preferred--100 347 Union Metal..... 35 K K Apr. 22 IK IK Apr. 22 434 1 May 9 5 May 10 22 10K 8 K May 14 14 14 Apr. 12 21 May 6 35 77 May 31 10034 'IK"May" "2 1 7 60 Trumbull-Cliffs preferred 100 Highest. Sale Prices. 21 Sale 2H * * Aeronautical-..-* Products Inc * Lowest i Sale Prices. IK May 2 1 May 9 5 May 10 15 '' 84 K 9734 20 120 Thompson 50 5 9 10 110 Standard Textile A pref 75 Stouffer Corp "A" w w 2,290 Thompson 15 7 103* 9% Highest. Sale Price* 3* Sale 3 25 22 200 Smallwood Stone * 20 Standard Oil of Ohio pref.100 950 IK IK 9 — Preferred 100 A.v* 3* 1 K 25 v t c__._ Lowest. Sale Prices May 31. Bid Ast Bid. Ask. Bid. 130 Robbing 8c Myers Ttc ser 1..* 340 100 May 2. 1932. Shares. Shares. RANGE SINCE JAN. 1. PRICES IN MAY. CLEVELAND AGGREGATE SALES. 63 STOCK EXCHANGE CLEVELAND 7 IK May May 24 9 7 Apr. IK May 47 6 Feb. Baltimore Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON Jan. 1 to May 31 Since Jan. 1. BONDS 1932. $ 1961 1961 600 4s Jones Falls 5,300 11,200 4s dock loan 33,900 1,000 9,600 4s Conduit 100 . 5,300 4s 3d Sewer Series 4s water loan 200 48 Second Water 200 48 School House W Sale 9534 9534 3,500 4s 6,000 4s second water V 2,000 - - «. — 4s 2nd —. Sale 97 K May 26 96 X May 23 96 May 28 97 May 12 97 96 95 K May 28 9634 May 12 4s 2,000 2,000 . May 25 1,000 1,000 1,000 2,666 13,000 72,000 6,000 Shares. Shares. 100 4,174 36 725 ,;.i. < 244 700 Baltimore Trust Co— Black & Decker common 4,802 1 Feb. 18 1 96 12 26 25 11 Feb. 1 1 18 983* May 2 9834 Mar. 30 9934 May 6 98 Apr. 15 84 34 May 5 98 K May 6 6 95 May 2 May 5 72 May 5 72 May 5 72 May 13 May 31 20 May 12 13 May 31 20 May 12 May 24 25 May 24 25 May Mar. 25 98 May 24 98 85 Jan. 85 Jan. 12 65 Sale 85 Jan. 66 Jan. 20 '84K May" 5 90 2 9834 Mar. 30 Jan. 25 Apr. 15 8134 Apr. 25 100 Sale 100 102 97 95 May 20 97 May 20 Jan. 93 Apr. 99 97 K Feo. 90 3* Mar. 100 90K 5 Mar. 18 9334 Mar. 30 102 Apr. 21 97 May 20 933* Mar. Mar. 16 903* Mar. 11 10434 Apr. 6 10434 Apr. 15 10 May 25 Feb. 8 43 Apr. 22 10 May 25 75 Mar. 2 40 Mar. 30 Mar. 31 100 75 Jan. 21 Jan. 20 48 May 23 48 75 55 May 25 15 75 10 Feb. 35 15 Apr. 29 Jan. 14 75 Apr. 29 55 10 75 37 100 48 May 28 48 May 23 363* Feb. 99 Mar. 5 6?* 5 May 10 May 9 May 26 OK May 21 7 5 5 12 May 13 15 10 15 2 May 16 2 12 May 13 .May 11 May 27 12 16 15 May 31 20 15 2 May 23 May 16 18 K May 12 Sale 15 Sale IK 2 15 15c 263* 10c 15c Sale" 1734 15"" ni- Sale May 13 May 5 May 27 16 11 10 21 11 11 3 10 * pf-.lOO May 12 5 Jan. Jan. 9134 Jan. 98 May 93 Jan. 92Y Feb. 9234 Feb. 93 2 134 May 2 May 19 2 113 May 13 3 Preferred 1,240 Ches 8c Pot Tel of Bait 11 Feb. 8 6 8 Apr. 18 Mar. 5 6 May 31 May 23 May 16 Jan. Par. — 1,170 Appalachian Corp 7,408 Arundel Corporation—.* Atlantic Coast L (Conn)—50 295 '160 STOCKS. Jan. Feb. Mar. 30 25 13 1953 24,000 Wash Bait & Annap 5s..1941 Maryland Trust ctfs 5s 11,000 5,500 United Ry & El fund 5s.. 1936 1st 68 1949 15,000 1st 4s 1949 72,000 Income flat 6,000 14,000 10,000 963 72 1941 6,000 Danville Traction 5% 27,000 Davison Realty Co., 6S—1940 2,000 Georgia & Ala con 5% 8,000 Gibson Island Co 6% pfd 1936 6,000 Maryland Mortgage 5 ^s. 1948 1,000 Maryland State loan 4Ms 1932 1,000 Merchants Terminal 434 s 1948 1942 2,000 Monon Vail Tr 1st 5s New Haven Hartford Har¬ lem River & Port Ches 4s— 1,000 1,000 Sandura Co Inc 1st 6s—1940 2,000 Silica Gel Corp 6348 w w.1932 7.000 Standard Gas Equip t>3*8 1932 2,000 4 893* Feb. 17 97 May 12 93 98 General 43£s 1954 14,000 5,000 Consol G E L & P 4^8—1935 4s 1981 2,000 1st refunding 5 3*8 1952 1,000 5,000 Mar. 91 5 82 Sale ——1942 2,000 Belvedere Hotel 1st 5s—1932 4,000 Benesch (I)& Sons conv6s!939 18,700 Century Parkway Corp6sl956 1934 5,000 Commercial Credit 6s 1939 8,000 Consol Gas first 5s 20 23 21 26 23 28 96J Jan. Jan. 14 28 28 14 99 K May (Conn) Chesapeake 434% 4 17 May 12 Feb. 2 Jan. Jan. Mar. 96 May 963* Apr. 963* Apr. 9834 May 95 Apr. 95 Apr. 9734 May 983* May 96 May 98 K May Baltimore Trac Nor. Bait 5% May 25 21 26 7 17 16 16 19 30 14 9934 May 82 -..-—1980 4% (certifs) —Sparrows Point & Div 98 1 Prices. Apr. Apr. May Mar. Apr. 2 98?* May Bait 1,000 Mar. 5 23 90K Feb. 9134 Jan. 98 May 25 913 923 — Atlantic Coast Line 93 93 1937 School------------.1937 4s Harbor 9,700 3^s 97 96 1,000 6,500 Apr. 95 Apr. 97K May 9634 May 89K Feb. 93 1937 — Apr. 20 90 9 534 98 2,0u0 2,000 2,000 4s Airport Jan. 95 91 May 12 27 90 96 K Apr. 90 Feb. 89?* Feb. 4,000 City 4s 2d School Loan—1938 ' 98?* May 20 97K May 26 97 K May 7 96 May 28 2,000 City 4s 1944, 2nd School 10.000 City 4s 1940, Public Imp " 9534 May 31 -1946 School 4.000 — . —1946 1,200 • 98?* May 20 96 May 28 95 K May 26 1948 1948 2,000 City 4s 2d P & B (cpn) 3,000 4s 2d Sewer (cpn) •*. - 98 K May 19 serial—1950 (coupon) 1,200 2,000 4s second school loan 4s 2nd Sewer m' — —1951 paving loan Sale Apr. 16 104 95K Apr. 16 953* 98 K May 19 9834 92 Jan. 9 9534 95K Apr. 14 953* 94 6 90 K Feb. 933* 9034 Jan. 26 1 90 Feb. 953* 95 3,600 500 Lowest. Sale Prices 9534 May 26 96 May 28 95 K May 26 Sale 95 K 1,000 City 48 Art Musm (cpn)-.1952 4s annex impt -....1951 1.000 Highest. Sale Prices. 96 96 K loan .—1955 100 4s second water series—1954 100 4s 2d sr P & B (Cpn)-- — .1952 - Ask. Highest. Lowest. Sale Prices. May 31. Bid. 95 K. 94 1.300 4s park 100 ■ Ask 98 K May 19 1,000 City 4s 3d sewer C (cpn) .1957 1957 2,200 City 4s harbor serial 1,000 2,200 May 2. Bid. 104 1958 1958 ..1958 -.1957 -—1957 ■ - Ask. 4s sewerage impt..—.... 1961 I960 700 4s burnt district 100 >-■ Bid. BALTIMORE CITY BONDS 3,000 5s General Improvement. 1940 1972 3,000 4b Second Sewer 1,000 City 48 2d sewer (cpn) —1964 .......1962 5,000 4s conduit 1961 5,000 4s P & B (coupon) 5,100 RANGE SINCE JAN. 1. Jan. 2 In May. _ May 31 Price STOCK EXCHANGE 1,000 $253,900 1,516,200 $147,000 400,700 PRICES IN MAY. BALTIMORE AGGREGATE SALES. $ Jan. 1 to 204,276 1931. 1932. Bond Sales. May 47,787 26,874 134,622 Shares May BALTIMORE STOCK EXCHANGE 1931. 1932. Stock Sales. ii 1 Sale 11134 Sale 111 May May 13 May 5 May 27 Jan. 12 May 25 Mar. 2 Mar. 31 Mar. 31 Jan. 21 May 23 Jan. 14 3634 Feb. 6 99 Mar. 8 7 5 12 30 Apr. 4 Jan. Jan. 22 Mar. 4 6 1834 May 10 2 May 16 28 Feb. Feb. 32 Feb. 4 3 Jan. 12 50c 4 23 4K Jan. 18 1 Apr. 30 6 Mar. 30 334 Apr. 2 5 Apr. 13 1163* Feb. 111 64 BALTIMORE AGGREGATE SALES In STOCKS. EXCHANGE Price Jan. 2 1932. Jan. 1. PRICES IN MAY. Since May. BALTIMORE STOCK EXCHANGE STOCK May 2. May 31. RANGE SINCE JAN. 1. Lowest. Highest. Lowest. Sale Prices. Sale Prices. Sale Prices. Highest. " % Bid. $ 140 760 Commercial Credit.... 365 306 1,099 1,312 50 377 Preferred 51 86 25 .... B i 16 64 5* 1,060 1045* ..... 100 965* 97 X 10 31 4 43 1045* Sale" 935* Sale May May 1045* May 97 May 935* May 25c May Sale 43 97 Sale 96 Sale 25c "5"" 31 25 16 6% May 7 May 2 May 2 50 May 10 54 May 2 1045* May 4 100 May 2 92 May 2 50c May 10 !S* 4% May May May 50 May 43 May 1032* Apr. 97 May 93% May 3 Sale 24 38 10' Sale 1 Sale 3 May May May May May 24 8 30 Sale 283 33 ..... 1 24 10 * 25 ■V.\ 317 332 476 U 432 Mfra Finance • 975 i 207 25 • 1,225 Mort Bond 8c Title 420 Northern 40 Central 2,396 Penna Water ... 8c Power.. * 750 11,230 46 • n« par 25 May 24 10 5 15 19 13 25 17 8 15 16 Jan. 85% Jan. 14 7% Mar. 2 6 Mar. 3 495* 30% Mar. 10 14 92 May 31 May 27 Apr. 15 25 May 31 May 27 20 A 25 20 May 2 10% May 3 6% May 10 4 May 3 15^ Sale 14 "40"" "43"" 68 May 26 17 K 40 Sale May" 6 13 % May 31 45 Sale Jan. 10 1 May 24 7% Jan. 9 5% Feb. 13 2% May 24 20 18 Jan. Sale 3 30c Sale May May 26 2% May 31 76 May 2H Sale 3 3 May 55c May 4% May 76% May _ 10% May*3 6% Mar. 21 8% Jan. 15 21 20 6 Mar. H 2% 21% 705* 53% Mar. Jan. Feb. Jan. 90 Mar. Feb. Feb. 21 Apr. 1 50 54 May 20 39% May 27 15 r. Feb?* 8 8 8 Jan. 12 15% May May 42 % May 50 ..... 14 17% Apr. 11 %"May" 12 2 Sale ..... 27 Jan. 2 6 May 25 2 % May 24 2% Sale IIII "If" 20 Feb. 10 May 31 May 27 May 2 20 ' ....... r 10 May 31 May 27 May 2 1 * 5 4 200 Standard Gas Equip common 1,995 United Rys 8c Electric 50 33,591 U S Fidelity 8c Guar 10 245 Western Md Dairy Inc pref * value 12 49* Feb. 29% Feb. 5 May 10 28% May 26 3 Apr. 15 5 Apr. 6 * 10 49 Roland Pk Homel'd Co pfd... 400 Silica Gel common 99 Sale 1H 15,165 New Amsterdam Casualty... 301 10 25 20 1 w Sale Sale "2 2d preferred 4,333 25 13,936 Maryland Cas Co.......... 2,373 Merch & Miners Transp— 783 Monon W Penn P S pref 25 2,778 2,654 10 20 t..25 common v 8 27 30 92 : 1st preferred Jan. 8 ...... 25 Houston Oil preferred 33 Humphreys Mfg Co pref—_. 20 08% Mar. May 31 24 ..... 5 Guilford Realty Co.. 10 Home Credit Co 6 10 31 23 111 % Jan. Jan. 31 107 Jan. 25 100. 25c Feb. 19 75c Feb. 5 Feb. 13 5 Feb. 3 J* Feb. 25 3% Feb. 2 May 3 May 2 85* May 11 38 May 2 6 May 3 31 2 10 26 23 Sale Prices. 10 Feb. 5 20% Mar. 2 20 Jan. 25 68 Jan. 28 27 5 \l* 2~~ ~ ~3 common.. 878 Finance Co of Am class A 95 Finance Service preferred... 92 First Nat Bank w i 465 4% May 27 5 135* May 14 May 6 Sale. 535* Sale" Sale D .100 E._—100 aer 999 Eastern Rolling Mill 1,485 Emerson Bromo Selta A w 1 1,239 Fidelity 8c Guar Fire Corp. 10 4,133 Fidelity 8c Deposit 50 76 Ask. 50 Ac Power....* ........—.. 100 Bid. 15% Sale .......25 50 Preferred..... 300 Davison Chemical 333 Ask. * 768 54% pref w i aer 2,575 5% preferred .......100 3,611 Consolidation Coal-......100 250 Bid. l«t preferred—..100 6H% 3,844 Consul Gas E L 783 6% preferred 2,167 394 Preferred. Ask May 20 39 % May 27 90 Mar. 7 1 Feb. 24 2 3 Feb. 3 1 29 3 30c May 26 2% May 31 76 Apr. 8 Cash sale Feb. 24 20 lo ' 14 20 1% Mar. 8% Jan. 90 12 Jan. RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE > ! 1 Stock Sales. 1932. Shares Jan. 1 to 1931. 63,256 481,515 144,927 633,014 ■. May May 31 AGGREGATE SALES. PRICES IN MAY. Jan. 2 1932. Shares. """220 """3l0 1,123 1,345 2,666 350 6,168 1. Shares. '■V:..'Par. 2,041 Allegheny Steel 5,270 Aluminum Goods Mfg Bid. * 13 Bid. Arkansas Nat Gas Corp Preferred 10 Armstrong Cork Co Blaw-Knox • Co * Calorlzing Inc pref.... 25 Carnegie Metals Co Clark (D L) Candy May 31. 1% 4% Sale 10 Sale 7% Sale 4% .... 4% 4% Sale 4% 5 2 .... 120 Preferred 10 """375 585 270 280 17,162 Co 4% 4 2,235 Preferred 50 1,068 Jones 8c Laughlln St'l pf_.100 1,432 Koppers Gas Ac Coke pref. 100 Lone Star Gas ...... 75 McKlnney Mfg 6 6 Nat 50 495 280 ,50 58 36 40 8% 4 7% 2% Sale • May 14 7% May 11 Sale '50"" inn .. .. 4% Sale 30 Sale 10 2 4% May 21 7% May May 24 2 May 28 43% May 18 40 May 40 39 Sale 4 3% May 28 2% May 2 2% May 18 50 May 12 42 % May 2 4% May 2 35 Bolt Corp.... 8 9 United States Glass Co. II lis 4 Mar. Jan. Jan. Feb. 7 Jan. 2 8% Mar. 3 7 Jan. Jan. 25 85* Feb. 145* Jan. 13 9 2 21 27 6 29 19 10 27 Jan. 12 Feb. 2% Feb. 5% Feb. Apr. 22 3 12 Jan. 21 55* Jan. 21 5 Jan. 8 85* Jan. 27 50 Jan. 5 14 Jan 25 29 60 Jan. Jan. 13 13 7 7% May 11 14 7 5% 7 6 May 26 Feb. 20 85 Feb. 20 2 Jan. Feb. 2 3 Jan. 10 3 435* May 18 40 May 6 80 Feb. Jan. 61 Jan. 9 25 27 28 95* Jan. 14 2 3% Apr. 8 35 Apr. 11 1 9 May 2 7 10% Jan. 12 6 May 26 7% Feb. 4 10% Jan. 20 42 1 Feb. Jan. 195* Jan. 9 19 Sale 3% 6% 4 1 2 14% 2% 6% 4 ,4% 8% ~ 7% Sale 20% Sale Sale 3 6% 13% Sale 2% Sale 6 9% 6iH • 4 May 28 May 9 20% May 31 3 - May 19 7 - 135* May 27 2% May 27 6 May 18 5 May May 20% May 3 May - 8 10 18 31 19 15 20 15 5* May 10 3 May 9 7 May 6 9% Sale 6 11 6 12% 12 May 2 May 27 0% May 10 14% May 10 "l4" 12 3 Air Brake. Westghouse El 8c Mfg IIIso 95 22 Sale 18% Sale' 200 Worthington Ball Bear B— * 6 Feb. 95* Apr. 20% May 31 18 May 27 May 31 "II^May'lO 25% May 11 7c 32 Jan. 23 Mar. 21 16 Feb. 18 35* Jan. 22 12 1 12 135* May 27 2% May 27 6 Apr. 7 20 3 1 9 1 - 10% Sale 185* Feb. Apr. 12 6 4 9 Jan. 3 2 15 12 105* Jan. 6c 3% 6% * .III* Shamrock Oil 8c Gas Standard Steel 8prlng... IIII* United Engine 8c Fdy Sale Hill "II"" 25,837 Westlnghouse 12,037 4% Sale 42% Sale 8% Sale . • 693 Vanadium Alloy Steel... 465 Waverly Oil Works cl A IIII* 4,335 3,992 80 55 25 70 Ruud Manufacturing 1,685 mm 11,400 Phoenix Oil 25c 3,341 Pittsburg Brewing 50 Preferred 2,405 ..50 13 Pittsburgh Coal preferred 100 2,485 1,974 7,364 2,860 5 105* Jan. 30 25 Jan. Sale Prices. 13 Jan. 2 85 7% 10,057 Pitts Screw 8c 11.035 Plymouth Oil Jan. 5% Apr. 20 5% May 28 56 7% 18 % 1,679 1,720 689 4% 10 5 4",424 4 6 May 5 May 23 May 25 May 18 8% Jan. Fireprooflng Corp pref 50 355 Pittsburgh Forgings • 100 Pittsburgh Invest Security.* 22,484 Pittsburgh Plate Glass ..25 50 20 Feb. 4 "" 100 Petroleum Exploration 3 3 6 May 12 8% May 6 • May 12 5% May 28 5% Sale ...__* Mesta Machine 1 3 1 100 1,565 45* Sale 1% May 24 4 May 12 4% May 4 5 May 3 50 10 * com... Preferred 8,534 May 5 3% May 23 3% May 25 4 May 18 - 65 70 McCrady Rodgers pref... """460 1 Jan. 9% May 10 30 90c Highest. Prices 3 * 2,725 Independent Brewing.—..,50 195,270 "95*May" "3 4 ... 845 Harb-Walker Refrac Sale 2 7% Sale .10 4,590 Hachmeister-Lind "9 %May" 10 2% 3% ..i* • 40 Donahoes Inc cl A * 10 Follansbee Bros pref.....100 400 Lowest Sale Prices 10 2 * OH Highest Prices 30 f,210 5,908 Devonian Sale 9% . 10 Consolidated Ice 50 Grandall McK 8c Henderson.* 660 Lowest. - Ask 30 10 Columbia Gas 8c Electric 2. Ask. Bid Sale 10 Amer Fruit Growers pref. 100 2,270 5,943 4,497 13,639 1,438 21.034 1,255 14,073 RANGE SINCE JAN. 1. 10 * May Ask. 1931. $3,000 28,000 8,666 May 31___ Price STOCKS Since Jan. 1932. ~ Jan. 1 to PITTSBURGH STOCKEXCHANGE Jn May. Bond Sales. May Feb. Jan. Apr. 4 6 Feb. 4 55* Apr. 12 May 1% Jan. 12 Apr. 1% Feb. 9% Apr. 18% May 6% Feb. 26 27 2 14 3 10 9 16 14 95* Apr. 7. 15* -Jan. 12 105* Jan. 2 235* Jan. 19 2 8 31 Mar. 45* Feb. 75* Jan. 29 2 Jan. Jan. Jan. 6 20 Jan.ill 10% Feb. 15 25 Feb. 3 65* Feb. 10 UNLISTED 180 T,66o 20 1,500 532 6,468 271 Central Tube Co....... 1,452 Copperweld Steel 100 Electric Bond & Share. * 95* Jan. • 5 * 3,000 Leonard Oil Development..25 415 Lone Star Gas pref 100 1,600 Mayflower Drug Co 2,296 Penroad Corp vtc 60 Penna Industries, pf 16,455 West Public Service v 25c 50c 75 . —65 * * 2 Sale 100 c C ..* 1% Sale May 18 15c 70 10c May 7 May 11 May 26 1 %\ May 31 7 15c 70 20c 2 May 6 May 7 May 11 May 23 May 2 7 3% Sale 3% Sale 2% Sale 2% May 27 3% May 2 5 20 Mar. 29 135* Apr. 15c May 70 May 10c May 15* May 8 Apr. 25* May 23 7 11 105* Jan. 10 Feb. 28 13 135* Apr, 23 30c 26 76 20c 31 2 Jan. Feb. 8 5 13 8 May 23 Apr. 21 Apr. 13 27 5 Feb. 19 4 56 Jan. 27 BONDS. 8,000 Pittsburgh Brewing 4s 1949 ...... * No par value, x Ex-dividend, r Cash sale. ...... 47 Apr. Stock Sales. Shares Jan. 1 to AGGREGATE SALES. Jan. $ •» « — — — — 5,000 m _ _ — _ — 1,000 . m - — w«. 1 m mm - - mm ~ — — 2,000 - _ — M 4,000 Shares. 1,000 2,000 4,000 13,000 1,000 1,000 11,000 1,000 14,000 13,000 3,000 5,000 2,000 17,000 2,000 4,000 2,000 1,100 190 400 1,250 L A Gas & Electric 6s 1942 130 55 71 Pacific Gas & Electric 6s. 1941 100 3,700 68 98** 96 97 1952 100 §2* 60 89 68 53 56 46 1951 97 98 95 1952 97 98 98** 98** 99 ** 5s 99% 95 General 5s 1939 98 99 5S 1954 85 1957 78 Union Oil of Calif 6s....1942 92 71 84 95 Union Oil of Calif 5s 75 1945 STOCKS 25 8** 12% .25 45 8H 6% 8% 6% . "i"I66 6,100 5,000 300 1,900 800 1,300 500 5,000 8,400 9,300 ""ioo * No par . 3 15 87 88** 4% Sale Sale 4% Sale IX % 22^ 2% 115 144 18 23 6 9% 8 3 7 Sale Sale 32 35 10% Sale 8 Sale 26% 19 Sale 21 17% 20 Sale 26% Sale 31 Sale 21X Sale 62 30 I" 8 l£* 1 Sale 65 Sale 61 100 Pac Western Oil Corp * 200 Petrolite Corp .._...* 700 Pickwick Corp com ....10 52,500 87 4 Sale 10 "'%' !% 3% 9% "I" 3% Sale 4 16 1% 102 5 8** May 14 6% May la 35 May 2 4 9 3% May 14 17** May 12 2 May 28 69 May 5 J* May May 10 88 May 4 4% May 11 5 X 104 98 7% May 23 3% May 31 May 31 v 7% May 4 8% May 27 8 May 2 19 May 31 ~ 20 May 31 21** May 79 May 25 May ** May 1 May 6 May 28** May 2 8 May 16 3% May 31 6 May 6 7% May - 4 9** May 17 8 May 2 26** May 27 18 27 9 31 25 23 6 30 79 30J *8 May 2 May 4 May 18 May 7 May 9 May 12 May 9 87 May 18 3 X May 11 May 18 May 21 ** May 9 May 2 5 May 26 ** May 5 ** May 26 2% May 7 X Vs ** May 26 IX May 31 2% 100 May 31 4 Sale^ % 2 - 2H May May - 2 %?""% ' 13 ** May - ** May 9 % May 25 5 May 26 ** May 5 • 92 6% prior preferred.;. 100 190 Seaboard Dairy Cred pref. 100 1,268 Seaboard National Bank...25 64 X Sale 64** May 31 1 98 May 2 5 5 Jan. 22 7024 9824 9824 9924 9524 Apr. .4 86 May * 6 ?§* 86 Apr. May §5* Mar. 15 • Jan. 8 May 9 Jan. 22 4 6 Jan. 15 Jan. 25 86 Mar. 24 6 97 May 6 14 75 Jan. 14 May 2% Apr. 3% Apr. Apr. May 1 May 40 May 9% Jan. A* 40 32* 40 28 56% 25 30 44% 2% ....25 30% 30** 43 Sale 38 Sale 26% 23% 21X 23% 27% 24** 22% 25 * I MH 40 32** May 31 May May 2* May 1* May 4 May 17** May "' Sale 2X Sale l» Sale' 37 23 3 2% 17% Sale ; 33 24% 25% 21% Sale 20 3% Feb. 27 3 5% Jan. 4 4 19 2 5 61 15 Feb. 6 May 23 May 10 May 26 37 ,4** 10 Feb. 14 8 5% May 31 3 210 25 62 Sale 21% Sale 18** Sale 17% Sale "' 38 10 23 28 2 25 12 31 33 21** May 18** May 17** May 32** May 31 May 45** May 3 May 2% May 4 May 24 ** May 35** May 25 May 21** May 19** May 10 23 2 7 12 12 6 16 4 13 1 9** Jan. 13** Feb. 15** Jan. 25 Jan. 4 55 10** Mar. May 27 May 12 Apr. 4 9 31 17 28 Feb. 14 Jan. 2 9% Feb. 19 17 i 18** May 27 18** May 27 Feb. 57** Mar. 77 7 Jan. Jan. 4 Jan. 25 8 18 15 26 Mar. 22 2% Apr. 13 6 Apr, 22 10 31 100 Jan. 14 Feb. 1 Jan. 7 4 Mar. 18 25 5 3% Mar. 4 Mar. 14 14 Jan. 31 115 6 25 8 7% 7% 9% 8** 37 Jan. 16 Feb. 15 27 16 6 Apr. 5 Jan. Feb. Apr. Feb. 18 22** Mar. 17 26 Jan. 11 40** Feb. 17 95 39 14 Jan. Mar. 10 ** Jan. 11 2% Mar. 1 13 Mar. 28 96** Mar. 21 88** May 18 6** Jan. 14 11 Mar. 24 ** Jan. 14 1% Feb. 4 5 May 26 ** Jan. 14 % Mar. 7 2% Mar. 21 .08 94 25 Feb. : 1 9 8 14 6 Jan. Feb. 19 1 Mar. 17 Mar. 14 3 38 3 37** Jan. 4 65 4 Mar. 5 Mar. 7 30 Feb. 38 2 18** 17% 18** May Apr. Apr. May May Apr. May May May May 28 29 11 12 31 20 26 31 31 27 23*1 Feb. 16 21*| 9 18 64** May 31 4 9 14 8 7 J* May 23 3% May 31 4 May 31 '6** Jan. 23 8** May 21 8 Apr. 21 19 May 31 22** Mar. 4 20 May 31 21** May 27 93** Jan. 28 25 May 27 % May 9 1 May 31 6 May 25 96** Mar. 21 87 May 18 3** Apr. 20 10 Apr. 7 ** Jan. 14 ** Jan.5 5 May 26 ** May 5 ** Apr. 21 1** May 31 17** 33** 7 3 Mar. 21 Feb. 4% May 3 May 15 May 2 May 5 May 66 May 4** May ** Apr. % Apr. 1 ** May ** Mar. 16 May 1 21 13** Feb. Jan. 7 3% Feb. May 20 250 - Jan. 13** May 5 8** Feb. 26 4 Jan. Jan. Mar. 55 19 9 92 25 15 25 5% Mar. 2 5 Apr. 22 32** Feb. 18 43 Jan. 4 27** Jan. 15 25 Mar. 23 Jan. 24** Jan. 24 value. Feb. 2 11 22K Apr. 29 21 58,050 Security First Nat Bank__.25 4,700 Shell Union Corp com * 25 9,400 Signal Oil-Gas A 93,000 So Calif Edison Ltd com...25 Original preferred......25 1,981 16,100 7% preferred..... 25 41,800 6% preferred 25 33,400 5%% preferred.........25 2,100 So Calif Gas 6%___ ...25 A 4001 J** 62 84 common. 5 2 5 May 3 May 230 May 18 Sale 95 % 2X 10% 8 3% Sale Sale" 8 39 90 * 7% Sale 8% 9 10 % 1% 2 7 ** May 1% May Sale 4% 4 J* 8 10 x8 16 Sale 6% 25** 200 Signal OH & Gas B 18 % Pac 576 Seaboard Nat Sec Corp 66" 6% May X 20 23 1,167 5A Sale o 6 60 Pacific Tel & Tel pref. ^ Sale 1% — *24** '25% 100 20,900 6 h 10 S Joaq Lt & Pw 7% pr pfd.100 170 50 Sale 5 10 360 16,650 4 6 2,600 100 5 20 2 5 10 20,200 Republic Pete Co Ltd.....10 120 Republic Supply J. 3,300 Richfield OH Co com.......* Preferred.. * 1,200 ...» 22,700 Rio Grande Oil Co ; 3 17 - 25 25 '""ioo 300 120 900 67 "33 H "33% 60 3,300 ft Sale 94 13** May 8% May 14 4 May 27 25 May 12 67 May 16 4% May 9 3 May 31 15 May 17 2 May 28 5 May 10 66 May 31 4% May 4 J* A* 26 Sale ..25 50 Pacific Tel & Tel 20 Sale 6 10** May 10 8 ** May 5 41 May 2 5% May 31 3 May 2 210 May 20 250 Sale 5 ; .... 1,400 ; 3 Lighting Corp com * 85 6% preferred ..* 10 19,100 Pac Mutual Life Ins 2,100 Pacific National Co.......10 2,200 Pac Public Service com new.* Preferred new * 5,400 20 6% ~ 19** 10 com new. ■ Sale 210 12 20 39 68 "~0% "~6% 300 Pac Gas & El 5% % pref 1st pref 6% 11,200 3 28 23 10 26 6 4% Sale 13% 14 5% Sale 250 4% May 17 3 May 23 45 May 7 1% May 17 45 May 2 May May 37 May 4% May * 5% Sale 14 7Sale 31 31 19 19 5 5 15 "~5% 35 "I" ~60~ Preferred series C 5.100 Series A... 5,400 1,600 Pac Fin Corp pref ser D 12,800 Pac Gas & Elec com.. 1,100 7 Feb. May "6 10 40 11 10 Corp 97 May % May 40 May 1 May 40 May 1 - 36 5** » Pac Amer Fire Ins Co.. 900 Pacific Clay Prod 33,200 8% 13% 100 com 37* 11 10 Preferred Pac Finance Sale 14 9 3,900 100 3 230 .1 4 1 Sale 8 25 200 Moreiand Motors pref 300 6 Jan. Feb. Jan. Sale 4% 8 .....* 1,843 Mortgage Guarantee Co__100 5,800 1,400 1,700 1,400 3,400 M ay 11* 60 15 Feb. 7024 9424 9424 9924 Si* Sale 'ion r20"~" 4 2,000 86 6 '9624 May""6 41 Sale 41 300 900 Monolith Portl Cem May May'~9 26 Jan. 26 Jan. 75 15 102 Feb. 11 102 Feb. 11 9824 Mar. 2 10024 Mar. 10 101 May 12 101May 12 96 Jan. Jan. 7 96 7 7 8824 Jan. 9124 May 10 71 50 41 59 55 4,933 L A Gas & Elec 6% pref...100 21,300 L A Investment Co.. ..10 1,200 MacMillan Pete Co 25 500 70% IX &X 23 3 120 L A Biltmore pref.... """390 80 92 ** 8024 8124 9524 4% 8% ._* 200 L A Athletic Club """300 80 4 d* d* dH „!?. 200 100 86 99 74 fsH 4H 4% » 100 1,101 6,600 91 9824 2 530 Goodyear Tire & Rub pfd.100 801 Goodyear Textile pref 100 2,300 84 9824" May" 9 7 Jan. Jan. 75 Par 11.300 Hancock Oil Co A 25 1.099 Hal Roach Studios 8% pfd.25 15,100 Internet Re-insur Corp....10 237 86 79 86 Associated Gas & Electric. 500 Globe Grain Mill 476 49 9624 9624 101 102 10154 102 ** 99 & 95 98** 9624 87 78 '80* 77** 11 7924 Jan. 47 So Calif Edison 5s Southern Calf Gas 5s Feb. 60 65 1,200 Golden State Co Ltd 1,600 92 Sale Prices. 14 10224 Jan. 5 96 Mar. 11 10124 Jan. 42 87 Co Calif Gas 43^8........1961 So Counties Gas 4**s 1968 Highest. Prices. 52 1957 300 Gilmore OH Co Ltd 100 300 213 Sale 68 1942 4%h 398 Farmers & Merch Nat Bk.100 105 Lowest. Prices. 102% 87 Pacific Electric 5s 5,300 Douglas Aircraft Inc 4,100 Emsco Derr & Equip Co 1,600 Sale 72 800 Commercial Discount ""800 101 94% Highest. Sale Prices. 65 63** 104** 105** 102** 10324 99 ** 100 100** 101 99** 100** 99** 100** 101 May 12 101 May 12 96 98 95 9524 88 85 87 91,, 9124 May 10 9124 May 10 98 ** 99% 94 1942 103 Lowest. Ask. 50 ...1955 5s Pacific Gas & EI 5**s 5s 1,622 Central Investment Corp. 100 19,400 Chrysler Corp..... * 4,850 Citizens Nat Bank 20 9,900 Claude Neon Elec Prod Ltd.* 850 398,500 RANGE SINCE JAN. 1. 67 78 59 73 102 75 1940 1956 May 31. Ask. Bid. 101 92 102 94 91 Railway 1st mtge 5s..1938 1st ref 58 Nevada-Calif Elec 5s Bid. Ask. 101 1961 5s L A May 2. 1932. Bid. 4,050 California Bank...... 400 Calif Packing Corp. 1,000 May 31___ Jan. 1 to Price 700 Barnsdall Oil Corp A 25 11,400 Bolsa Chlca Oil Corp A 10 656 Broadway Dept Store pfd.100 1,800 Byron Jackson..... 2,400 1931. $84,000 PRICES IN MAY. BONDS 1. Shares. ""200 1932. $13,000 127,000 Jan. 2 $ 10,000 16,000 5,000 1,000 m LOS ANGELES STOCK EXCHANGE Since May. Bond Sales. May 334,047 2,985,239 279,635 1,027,836 May 31 In 1931. 1932. May I Feb. 7 14 4 19 66 Price STOCK EXCHANGE Jan. 2 In Sine? February. Jan. 1. 232 So Counties Gas 6%__ 50 300 799 348,loo 42,500 14,100 89 12% 25 35 60 Transamerica Corp 424 — 224 Sale * 25 Sale 11 385 Union Oil Associates 2324 Sale 5% 100 204 4 600 Western 6 16 10 Pipe—_ Western Air Express 1,400 600 10 17 14 ...... 10 .! Sale 76 7 v Highest. Sale Prices. 70% May 1224 May 2024 May 9 May 424 May May 12 May 26 1624 May 31 9 May 27 —- 6 75 ' Sale Sale Highest. Lowest. Sale Prices. 79, 7' 724 1624 Sale 12 424 Sale 2324 25 224 Sale 724 Sale 17% Sale 1524 5 300 Van DeKamp's Bakeries.25 716 Weber Showcase & Fix pfd__* 200 79 12 623 Union Bank & Trust Co__100 25 97,200 Union Oil of Calif 22,500 01% ~24% Sale" Ask. Ask. Bid. Bid. * Lowest. Sale Prices. Feb. 29. Feb. 2. Ask. 81% 100 100 * Title Insur & Trust Co 74,300 23 • 1932. Bid. Par. 21,385 Southern Pacific Co 228,000 Standard Oil of Calif 250 Superior Oil com 2,100 Taylor Milling Corp 27,900 V'V'b STOCKS. Shares. 2,200 RANGE SINCE JAN. 1. PRICES IN FEBRUARY. LOS ANGELES AGGREGATE SALES. Shares. 49 STOCK EXCHANGE ANGELES LOS , 4 25 224 324 724 824 325 325 i'- 325 824 824 Sale 10 Sale 6>4 -.-^-10 824 15 4 4 Sale 4 524 6 4 8 424 8 824 724 824 May 25 May 18 25 3 24 May 31 May 31 824 May 17 325 1024 May 31 624 May 26 4 May 6 6 May 13 May 20 1024 „ • May May May May May May May May May 1 May 12 May 26 70 7 17 7 10 Sale Prices. 02 Feb. 17 37 Jan. Feb. 27 18 Feb. Jan. 6 13 Jan. Feb. 7 17 Jan. 15 Jan. 4 Jan. 1 1624 May 31 27 12 Feb. 6 12 8 4 May 25 25 May 18 55 6 224 Jan. 2 1224 724 May 31 325 Jan. 4 325 1324 824 May 31 624 May 26 11 5 Mar. 3 524 7 5 Jan. 27 824 May 20 1024 27 16 18 6 2 17 2 26 6 13 21 Mar. 21 Mar. 2 Mar. 4 May 21 No par value. Francisco Stock Exch MONTHLY AND YEARLY FRANCISCO STOCK EXCHANGE RANGE OF PRICES ON THE SAN May.-... Shares Jan. 1 to May 31 STOCK May. Jan. 1. 5,000 BONDS T666 2,000 1935 21,000 Associated Oil Co 6s 16,000 5% 1937 18,500 Calif Ore Power Co 6s_ 1942 103,000 Calif Packing Corp 5s 1940 2,000 Coast Co G & E Co 5s..„1960 209.000 Emporium Capwell 5^8.-1942 7,000 Great Western Power 5s_1946 2,000 Ins Exch Bldg Co 6s...1931-44 11.000 L A Gas & Elec Corp 5s__1939 32,000 2,000 6,000 5%a.m ——— 524s 65,000 3.500 2.000 8,000 7,000 2,000 2,000 25,000 17,000 * 99 19,903 10 1,494 Calamba Sugar Estate com 20 Preferred 20 1,685 37 Calaveras Cement Co pf.100 10 12,795 California Copper cap 100 645 Calif Cotton Mills cap * 295 California Ink Inc A 766 Calif-Ore Power 7% pref.100 76 5,445 2,729 596 372 642 Sale 36 40 * cap * 48,459 California Packing cap Calif Water Service pref__100 * 150,884 Caterpillar Tractor cap * 5,451 Clorox Chemical A__ 748 Coast Cos Gas & El 1st pf 100 Consol Chemical Industries Inc class A partic pref * 88 Crocker First Nat BkSFcaplOO 24,453 Crown Zeller com vot tr ctfs * Preference series A * 4,695 Preference series B * 1,685 v —- 1,947 El Dorado Oil Works cap •No par value. May 4 cap 1 Mar. 18 Mar. 1 10024 Mar. 22 Feb. 8 102% Apr. 30 8 Jan, 7 98>4 Jan. 72 Jan. 8 May 31 03% Feb. 17 03% Feb 17 9924 9924 9624 51 % May 50 Feb. 9624 Jan. 15 25 Jan. 52 Jan. 25 36 % May 10 100 May 10 50 37 39 . 6524 May 31 6524 May 31 May 13 18% May 31 39 11% 39 39 Sale 30 May 13 May 13 103 9624 Feb. 98 % Jan. 100 9624 9824 " 6024 68 6524 May 31 Mar. 35% Apr. 25 Jan. Feb. 4 Feb. 13 19 7 325 10324 115 124 124 124 224 145 150 2% Sale 124 1H 854 924 0% 60 Sale 102 250 100 124 124 130 124 1 10 9% 12 12 56 24 H 124 124 22 1824 100 105 824 Sale 10 14 9524 Sale 13 60 124 624 13 Sale 82 250 124 824 824 10 * 924 1024 _* 3V 4% 17 554 Sale 15 1324 7 Sale Sale Sale 10J4 Sale 200 225 124 Sale 11 12 11% Sale 0% 3 10% 4 Sale 824 7824 May 26 8724 Feb. 10 00% Feb. 10 10224 May 6 97 Feb. 15 10024 May 31 Jan. 5 70 97 Seller Mar. 10 9 7 May 19 824 May 18 50 150 724 May 26 924 May 13 24 % 11 ^70 % 1 72 Sale 124 824 3 1 24 May 25 May 3 6924 May 28 71 May 19 1 May 424 May 31 Jan. Jan. 224 Feb. 114 Jan. 11 Jan. 25 324 Feb. 16 224 Mar. 3 124 May % May 7 Apr. 29 824 May 18 7 924 Jan. 28 1224 Mar. 11 65 924 24 1 1824 6924 24 Jan. 5 3 Apr. 26 19 Jan. 19 May 28 101 824 May 25 Mar. 11 Mar. 5 Jan. 20 Jan. 7 Jan. 11% Feb . 65 15 Jan. 15 Jan. 96 Jan. Jan. 5 13 13 18 6 16 824 May 25 1124 May 2 124 May 25 824 May 31 124 May 1024 May 2 5 Apr. 19 124 May 25 824 May 31 1124 May 2 824 May 25 1724 Feb. 19 245 Jan. 15 224 Jan. 15 1624 Jan. 16 15 Jan. 16 0% May 17 924 May 17 1024 Feb. 13 225 240 Sale Sale Mar. 424 May 31 Apr. 21 424 May 31 1124 May 31 72 May 31 6 9 3 May 56 424 May 31 1124 May 31 72 May 31 5 11 162 124 Mar. 99 624 May 10 13 May 2 83 May 12 624 May 60 Sale Sale 183 "%May"25 15 Sale 424 11% 8 50 280 May May May Apr. 46 424 Sale 40 65 1 19 21 Seller 1624 Jan. 21 May 12 8% Apr. 50 250 May May 65 May May May 99 May 124 May % May 150 75 1 -m 65 1124 1 — May 16 May 12 May 2 100 * May 124 May 2 May 130 May 124 May 124 May 10 9% May 50 75 65 24 1 0% 50 Sale 124 24 2 Sale 10224 Sale 1 Sale 124 124 % Sale 124 2 60 9 9% 150 6 Mar. 10 Mar. 10 65 9924 May 26 10024 Mar. 18 2 10424 May 10 08% Feb. 19 10122 Mar. 24 Mar. 22 9424 Jan. 7 98 97 13 13% —..105 Apr. 15 10224 Feb. 13 10424 Jan. 9124 Apr. 22 922* Jan. "89% "92"" 280 80 80 63 4524 Feb. 3 10024 Jan. 1 18 10124 Feb. 62 71 64 9924 Jan. 11 May 10 9924 Mar. 11 65 50 6 100 9924 May 26 100% May 10224 103% May 17 10424 May 10 9824 May 26 9824 May 26 "95" 95 % May 24 97 % May 16 10024 102 10424 106 10124 102 Jan. 99 % Apr. 18 Mar. 4 100 % Feb. 9924 Jan. 10224 May 11 88 7824 May 26 86 6 —. 102 May 5 10224 May 10124 10224 100 100 % May 31 100 % May 31 101 102% 100 % Sale 10 - 40 94 May 25 85 13,558 697 Emporium Capwell May 27 par Alaska Juneau G M cap 350 1.120 1,369 36 65 100 6,000 5* 1952 56,500 Ry Equip & Rlty Co 6s.1938 7,000 S J Lt & Power Corp 6s..1952 5s. 1957 7,000 1,000 Union Oil Co of Calif 6s_.1942 12,892 Byron Jackson com 8,347 42 28 87 1,039 412 14",075 Sale ~9524 Sale" 2,341 "'I6i 40 26 98J4 Feb. 34.000 Pacific Pub Serv Co 5s_._1936 36.000 Pacific Tel & Tel Co 5s...l937 355 Anglo-Calif Trust cap 100 1,752 Anglo & Lon Paris N B S F 100 20.945 Assoc Ins Fund Inc com caplO 1,700 Atlas Imperial Diesel Eng A * 2.101 Bank of Calif Nat Assn caplOO „* 6,305 Bond & Share Ltd cap 140 5224 May 20 Prices. 08% May 13 10124 Apr. 79 101 50 846 1~,745 51% May 31 6524 Sale 21 9 Alaska Packers Assn cap.-100 " Sale 99 40 >6 9 8.075 100 5124 Sale Prices 9824 Feb. 1952 1955 524s STOCKS 1,300 55% 101 1941 Shares. Shares. 08% May 13 2924 May 9 1948 Pow con 5s 6s 58 Sale Prices 52 Orpheum Theatre & Rlty Co 6s 1946 4,000 1942 16,000 Pacific Gas & El Co 5s 9.500 08% May 13 May 27 26 26 Highest. Lowest. Highest. Sale Prices . 43 39 1935 _ Calif Sale 9424 1945 jrg 99% 97 -35" 1940 2,000 Market St Ry Co 7s 4,000 Mercantile Am Rlty Co 5s 1951 22.000 Miller & Lux Inc 6s Ash Bid 5424 64 1942 —1947 1943 1949 6s Ask Bid .?!!. 82,000 Atlas Diesel Eng Co 6s___1935 8.000 Calif Gas & Elec Corp 5s. 1933 5.000 Nor 5,000 Ask. Lowest. May 31. May 2. 1932. Bid. 5Hs 1,000 RANGE SINCE JAN. 1. PRICES IN MAY. $ 36.000 . Price EXCHANGE Since 13,000 Jan.. 1 to May 31. Jan. 2 In 3.000 11,000 710,946 5,483,399 448,994 3,042,860 $227,500 1,141,000 $101,500 841,500 - FRANCISCO 8AN AGGREGATE SALES, May 1931. 1932. Bond Sales. 1931. 1932. Stock Sales. RECORD 824 924 824 May 25 9H 10 H 924 May 17 3 24 Apr. 21 424 Mar.pl SAN FRANCISCO STOCK EXCHANGE SAN AGGREGATE SALES. FRANCISCO STOCK In May. Jan. mm m — STOCKS 1. — 100 19 Fireman's Fund Insur cap 25 695 First Nat Corp of Portland A * 42 % 2,531 24,588 m'm Food 10 "294 Machinery Preferred 440 1,391 10 2",013 * 12,517 Golden State Ltd cap......* 2,035 258 Haiku Pineapple Ltd Preferred com__20 25 160 Hale Bros Stores, Inc, cap..* Hawaiian Commercial &Sugar 3,430 4,749 85 100 110 Hutchinson Sug Plant mmmmmm 490 «* •« •» mm m'm, 8,420 1,858 2,615 130,828 2,240 754 855 12,573 1,925 — '•»«. 2,919 •» Bid. Lowest. Highest. Sale Prices Sale % u/s "ii" 11% May 19 May 10 May 4 May 19% Sale 9 10% 3% 4% 18 31 18 14 % May 2 17 May 12 38 May 2 11 May 6 4% May 6 75 2% 1 Lowest. Sale Price. Ask 85 ix IX 1 May 10 Highest. Prices. % Feb. % Mar. 11% May 19 May Sale 11 29 18 31 8 Mar. 24 May 14 11 Feb. Jan. 85 Jan. 26 May 10 1 May 10 25% May 19 3 May 5 24 May 20 1 Prices. Jan. 18 Jan. 4 Jan. 15 Mar. 9 Jan. 6 % % 20% 48% 15% 4 85 1% I..* * Preferred 100 Marchant Cal Mach Co com 10 100 Market St Ry prior pref... 100 Second pref 25 100 % 3 2 % 5% 6% 2% "I" X 2% Sale 3 24 26 4: •: 3 May 20 May 5 3 Feb. 4 Apr. 9 May 27 1: 4% Sale 4 May 27 6% May 12 18 26 1% Feb. 11 5 15 Feb. 23 Feb. 15 35 3 X Feb. 8% Feb. 5 16 % Feb. 15 % Feb. 15 1% Mar. 11 6% Apr. 12 6% Apr. 12 —~ 6% 6 10 33 36 20% 9 3% 6% 19 21 20 19% May 26 21% May 18 19% May 26 Jan. 5 8 Jan. 15 9% Jan. 21 36 ° 8% J. 21% 24% 10 11 40 38 19% 5% 27% 4 4% 21 6 33 4 4% 11% 5 Sale 30 2 4% May 11 13 May 19 4% May 16 27% May 25 2 May 16 15 • 14% 1% May 10 19 May 4 5% May 7 27% May 25 2 May 16 2 IX 4 5 3 11 2 2% B 2% 1% 2 6 6% 6 6% 6 4 2% 4% IX 7% 1 2 1 2 1 5 5 7, 4 Sale 1 common 20% 1 26 9 X 5% 6 Lyons-Magnus Inc A * Magnavox Co Ltd capital...* .30 5 30 3 27% .--* 558 300 m ser Class B vtc Magnin & Co (I) % % Sale 19 19% 36% Sale 9 11% 4% 4% 85 Leslie-Calif Salt Co capital.* L A Gas & Elec Corp pref__100 65 ' 2,000 m 15 ..* Class B 300 55 Leighton Indus cl A 200 m cap. 1,038 Investors Assn The (capital)* 4,479 Langandorf United Bakcl A * mm ' 25 Hawaiian Pineapple Ltd— Common capital 20 Home Fire & Marine Insur Co of Calif capital 10 1,896 15,923 Honolulu Oil Corp Ltd cap.* 220 Honolulu Plantation cap.-50 * 2,259 Hunt Bros Pack Co cl A 1,188 7,809 m Co Ltd capital 5,105 1.387 "7" "15% Ask Bid Laundry (capital) 672 General Paint A...........* B * 540 200 22 Sale 100 com Mercantile common * com series A 794 Foster & Kleiser Galland ;<v 2* 10 13,118 150 - ...10 com May 31. May 2. Ask. Bid. 413 Fireman's Fund Indem cap 10 253 7,864 * 1932. Par. 5,525 Fageol Motors Preferred 12,810 •'' RANGE SINCE JAN. 1. Jan. 2 Shares. " «• PRICES IN MAY. Price EXCHANGE Since Shares. 67 6% 94 Sale Sale 7% 63% 90 1% 2% 2% X — X4 8% 87% 3% % ni* 60 May 28 May 20 6% May 27 1% May 9 1 1 9% 90 5 Sale % 7% Sale Sale 67 3% % 2% 75 1% 45 1% 7% May 65 May 3% May % May 2% May 47% May 5 Sale Sale 59 1% 25 31 5 4 20 27 8% May 18 87 May 6 3% May % May 3% May 58% May 1% 7 — - 6% May 10 4 1 8 Jan. 20 Feb. Jan. 18 23 Feb 4% 5 Jan. 38 5 26 9% Mar. 10 2 Apr. 12 Apr. 23 May % Apr. % Apr. 6% Jan. 65 May 2% Jan. % Jan. 2% May 47% May 1% Mar. 6% Apr. Jan. 2 Apr. 20 Jan. 14 3% Mar. 26 Feb. 18 Mar. 14 63% Jan. 13 6 1% Jan. ioS* lH 6% Apr. Jan. 1 Mar. 21 13 May 4% May 27% May 2 May 4 Apr. 1% Jan. 6 Apr. 11 Jan. 30 1 Mercantile Amer Realty Co 141 preferred 6% cumul 100 860 Natomas Co capital * 330 North Amer Inv Corp com. 100 95 420 5 210 30 6% preferred 5%% preferred 76 25 1 1,784 33 ""160 100 ...100 100 10 808 Occidental Insurance cap..l0 3.200 Oliver United Filters Inc A..* 14,197 North Amer Oil Consol cap. B 2,215 - 220 Paauhau Sugar Plant cap * .15 49,505 22,575 7,499 16,390 1,262 7,878 16,818 1,487 1,430 7,029 179,141 Pacific Gas & Elec Co com.25 92,374 6% 1st preferred 25 5 >4% 1st preferred 26,513 25 58,338 Pacific Lighting Corp com..* $6 dividend pref * 5,107 31,950 Pac Pub Serv com non-vot..* First preferred.. * 54,381 12,308 Pac Tel & Tel Co common. 100 Preferred 100 4,428 * 32,022 Paraffine Cos Inc com 180 280 Phillips Petroleum Co cap--* 621 Pig'n Whistle Corp partic pf * 473 3,834 Ry Eq & Realty Co 1st pref—* ""715 2,040 Rainier Pulp & Pap cl A com * 6,292 Richfield Oil Co of Calif com * Preferred 25 4,155 _* 2,819 Roos Bros Inc common ... 100 1,003 230 100 Preferred series 1 Preferred series 2 Series A preferred 1,549 Schlesinger & Sons cl A "166 698 27,595 San Joaq Lt & Pr prior Prior 712 preferred series A. 100 com Pre fer red 400 29,463 Shell * Union Oil Corp com..* 555 5%% cum conv pref 1,025 Sherman Clay & Co «• — Sale 39 Sale 93 95 22% 800 610 Sou Pacific Co com (cap'l).lOO Sou Pac Golden Gate cl A..* Class B * Spring Valley Co Ltd capital * Stand Oil Co of Calif capital * Union OH Associates cap..25 Union Oil Co of Calif cap..25 610 950 17,128 Sale Sale 26% 23% 20% Union Sugar Co common..25 Preferred Sale jib Sale Sale c Sale \X Sale 8 25 10 5% 76% 8* Sale 11 f3M Sale Sale Sale Sale 6 4% 3 3% 8 9% . May 25 May May May May 31 31 31 31 26 31 31 31 31 May May May May May 85 May 25 5 May 25 3% May 10 1 May 25 2% May 27 May 23% May 20% May 31 May 80% May 1% May 8% May 76% May 96% May 10 % May 3% May 31 Ma^ 4 6 2 2 2 11 13 6 4 5 6 10 9% 10% 10. 6% 10 IIII % 3% 1 5 --- 97% Sale 86 2% Sale 5% % % 1% % % 4% 33% 105 20 3 % % 3% % 33% Sale 8% May 17 9% 90 1 9% 27 9X 7% 6 19 47% 79% Sale 27% 10X 10 50 % 8 24% Sale 50 Sale 4% 2% 24% 2% 9 Sale 25% Sale 17% 11% Sale 1% 14 10% 12% 1 25 pf.100 102 1,253 WellsFargoBk & UnTr cap 100 2,265 West Amer Finance Co pref 10 Western Pipe & Steel of Calif common 10 45,487 180 1% 16 ..... 2% 17 3 38 62% % 18 22 48 7% 4% 6 10 Sale 7 Sale Sale 7% 9 6% Sale 7 Sale 16% 6% Sale 35 48 3 5 27% 2% 2% 35 Sale 2% 28 Sale 17% 2 24 26 3% Sale 18 8% 10 1% 12% 2% • •>>-1 — Sale Sale 8% Sale 1% 1% 1 16 152 1% 1 14% 14% 8% 10 10 May 26 2% May 27 5% May 23 4% Apr. 8 1 May 25 May May May May May May May May May 85 May 5 May 3% May 2% 17% 19% 17% 21% 63% % 5% 61% Jan. Sale 1% Sale 60% May 6 12% Apr. 12 5 Feb. 13 15% Mar. 23 15 Feb. 16 5% Feb. 23 12% Feb. 4 8 Feb. 16 2% Mar. 4 31 31 31 31 24% 26 41% 31 95 31 3% 31 14% 31 104 25 112 25 25% 10 6% 21 1% P 8% May 17 4 Apr. 8 Mar. 11 Apr. 6 Feb. 18 14 Jan. 14 Feb. 18 Jan. 18 Mar. 3 Mar. 3 Mar. 5 Jan. Jan. Jan. 4 8 Mar. 21 Jan. 6 11% Jan. 4 Apr. 6% Jan. 9% Jan. % Feb. % Feb. 5% Jan. 4 8 14 18 23 26 29 6% Feb. % May % Jan. 3 May 38 May 11 19 21 24 21 50 Jan. 6 65 82 98 65 May 82 May % May 1 May 2% Apr. 31 107 18 96 16 27 12 Jan. 11 Jan. 19 J an. 4 18 21 Jan. 13 40 Apr. Apr. May May May May May May 12 May May % May 1 May 2% May 25 May 47 May 31 18 16 27 2 10 27 May 83 May % May 1% May 3 May 25% May 50 May 6 10 16 27 21 10 2 5% May May 6% May 3 May 6% May 16% May 31 31 12 20 4 31 5% May 31 13 % May 6 8% May 6 5 May 6 6% May 5 30 19 31 20 4 31 35 70 7 2% 2% 24% 2% May May May May May 19% May May May 2% May 30 May 3% May 3 6 18 25 10 11 6 5% 7 6% 3 6% 16% l\ 22 31 3) 12 20 4 31 ; Feb. Mar. 30 51 Mar. 76 Feb. 3 7 Mar. 16 10% Mar. 10 7 37% Jan. 21 11% Mar. 22 10% Mar. 21 Jan. 7 27% Feb. 18 7 30 50 20 4% Feb. 5 3% Jan. 14 30 May 11 May 19 2% May 31 2 Apr. 8 Feb. 4 2% Jan. 2 6 Mar. 15 15 13 Jan. Feb. 2 8%«May 31 Ui 12 May 24 May 19 8% May 6 10 May 2 1 % May 9 12% May 11 17 Mar. 12 1 May 5 May 20 170 1% May 18 May 25 8 May 20 139 15 May 6 7% May 13 8% May 31 1 May 24 12 May 19 12% Jan. 15 14 Jan. 15 2 Feb. 1 98 7% May 13 98 175" 7 May 26 6% May 10 % May 23 % May 5 3 May 24 38 May 21 10 8 1% 170 Sale Sale 16 May 24 2 % May 6% May 4 % May 19 % May 5 3 May 24 38 May 21 75 75 5% 12 QS Sale % 47 Sale Mar. 17 9 6 1% 2 % Sale 8% 2% Sale 22% 25 50 5 7% % Sale 65 58 1 1 12 7 5% 1 ... Sale 63% 23 X 1 2% 17% 19% 17% 21% 63% % 5% 61% Sale Sale 96 11% 1% Sale Sale 75% 4% 2% 2% 17% 19% 80% 1% Sale 4 % Sale Sale 60% May 6 10% May 17 2% May 7 12 May 16 11% May 11 3 May 7 5% May 23 6 2 4% Sale 24 7 26 26 27 23 May May 2% May 10 May 10 May 2% May 5% May 11% Sale 7 31 118 98% 20 Weill & Co (Raphael) "'"475 3 108 17 101 Sierra-Pac Elec Co pref__.100 Socony-Vacuum Corp cap..25 1,633 69,757 7,301 4,982 3,158 194,159 39.256 56,812 1,700 10,825 11,550 Sale 40 125 Traung Label & Litho cl A__* — 6 1 25X 100 241 Teleph Investm't Corp cap.20 573 •• "2" 10 2 33 X 1% 10% 2% 5% 4 9 12% 3% 10 8 "i* 10 3 pref 100 pr 920 Thomas Allec Corp class A__* 13,831 Tide Water Assoc Oil Co com * Preferred 100 1,963 1,422,319 Transamerica Corp capital..* 118,611 2% " 87 4,353 6% 1% 100 565 •- 19 103 91 939 9,242 1,979 2,224 12 pf.100 2,737 30 9 11 5 59 8% 3 12 4 30 566 20 299 60 12% 3% 3 10 * 140 3,179 10 5 * 10 140 59 16% * 190 75 3 10 Mar. 30 12% May 11 98 Mar. 30 May 20 200 2 May 25 Mar. 14 1 8 May 20 139 Jan. 13 Feb. 18 6% Jan. 20 20 Yellow & Checker Cab Co— 955 * No par value. (Consolidated) cl A ser 1.50 6% 9% 1% 5 1% 5 5 " Apr. 5 Detroit Stock Exchange MONTHLY AND YEARLY RECORD DETROIT STOCK EXCHANGE PRICES ON RANGE OF AGGREGATE SALES. May 31 PRICES IN MAY. DETROIT • Jan. 2 Since In May. Jan. RANGE SINCE JAN. 1. Price STOCK EXCHANGE ■tf'i 261,314 1,764,909 157,962 1,147,161 Shares Jan. 1 to 1931. 1932. Stock Sales. May STOCKS; 1. Lowest. May 31. Mat, 2. 1932. Lowest. Highest. Highest. i Shares. i Shares. 1,065 1,820 603 100 14,464 55,793 9,841 . 400 n 600 - 1 t —— t 2,265 ; 10,707 1,099 13.905 .. < if J 256 465 5,280 21,399 6,433 1,587 510 i f 2,221 t ..j 4K 2K ♦ Class B Auto Pan & Bearing com Bower Roller Bearing......* * Briggs Mfg Co common 5K IK 18 1 8 5 —- Detroit 8c Clevel NaT com..10 3 115 2K 100 Detroit Motor But........10 520 Detroit Steel Prod • 7K ... 8 K Sate 11K Sale 13 M Sale 7K — • com 10 3K Sate ""914 '.t 216 10 616 Federal Screw Works 25 18,263 3,789 . 155 216,572 23,969 40 " 2,115 100 357 232 4,610 2,007 ■y- m m m m — . General Motors 2,153 Houdaille-Hershey class A._* Class B * 49,851 ......* 16,499 Hudson Motor Car \ m'mum m. ~ m» 4,616 420 405 . 2,054 Kermath Mfg Co 900 Mesta Machine 11,984 2,265 320 50 300 10,876 9,164 2,445 Scotten Dillon ""liO 40 5X May 7 3K May 9 85K May 11 2% ..... 2 —- UK "3 X Sale IX Sale h, 1 IX 24 X 1*4 7X Sale 2X 3 IX A 5 x a Sale 15K 15K 4X 15X 'i 8 10K > 20 11c. 10 *A 9 Sale 3*4 May 31 IX May 31 1 May 13 2K May 19 *4 May 25 5 May 31 11 May 27 13 X May 27 4X May 2X May IX May 2X May *4 May 7K May 12 X May 15K May 4 6 11 19 25 9 26 13 4X 22 a 5K Sale 5K Sale 20K X IX 8*y X T" 45c ~2X 6 1 Sale 1*4 6X IX 3 w Sale IX 5X 8 2X Sale 4X Sale X May 31 May 19 111 21K 1 May 45c May 24 May 1H May 6 May 1 May 3 May 27 16 4 17 26 27 1*4 May 7 X May 6 2K May 19 1*4 May 5 6K May 5 24 May 2 4K May 4 X May 25 Sale 8Jf May 31 10K May 11 3 X Sale 3X May 5 5 May 25 6*4 May 25 12c May 11 3K May 5 7X May 19 8X May 5 15c May 2 3X 11X 2K *4 2*4 IK 14 *4 IK X 2 31 27 17 26 11 28 13 4 3X May 14 *4 May 3K May *4 May 5 May 2 May 15K May 1*4 May K May - 12 IK May 20 2K May 15 *4 May 2 7 5 — 8X m10 a* ; 5 8 15c 1*4 11 7X 5 Sale 11 Jan. 12 7 10c 10X 3*4 6 11X Sale 2X 2X X 2X 2X Sale 3X 2X 2X Sale Sale Sale Sale 13 W. * »8 Sale 20 *4 Sale 2 2 1 1% 1*4 Sale 35c 50c 1V4 19 8 llVs 5X 12 3 15 2X 3X 12 X 3 14 27 16 16 9 12 26 May 27 Mar. 15 K Mar. May May 2K Apr. IK May 5K Apr. 1 May 45c 13 May 31 20K May 31 30 IK May 31 2 X May 17 13 X May 28 May 13 X May 16 14 May 19 May 2X 27 K May 10 27K May 10 3K May 6 1 May 27 3K May 6 1 May 27 8 .... "~5X 3X Sale 4 12X 2*4 Sale Sale m i h* 4? h 2X 3 11 11 May 2K May May 2K May 4 3 63 X May 25 2K Mar. 4 114 Mar. 30 8K May 31 2K Mar.28 5 May 25 6K May 25 " Jan. 15 .* 6 7 Class A * 100 212 Walker 8c Co units......... 15 5 X Sale 7X 5 6*4 17 10 60,675 Warner Aircraft Corp com..* 1,344 Wolverine Portl Cem com..10 5,375 ..... 14 8 *8 90c ' X May 11 4K May 26 10 *4 40c X 25 29 5 7 14 29 4 12 7 5 May May 3 May 8K May 6 2 3 1*4 X Jan. 14 Feb. 19 8 Jan. 3K Feb. Apr. 6 7 3 Mar. 27 20 K Feb. 19 4K Jan. 11 Jan. 12 1 24K Jan. 14 X Jan. 20 IK Mar. 15 4K Jan. 12 85c Feb. 1 4K Jan. 7 3K Feb. 13 10K Mar. 2 4 Mar. 11K Jan. 10 Feb. 7 9 18 1 X Jan. 11 2K Mar. 4 12K Jan. 20 18X Jan. 14 5K Mar. 18 11K Feb. 19K Jan. 15c. Apr. 10c. Jan. 6K Jan. 6K Jan. 29 9 27 5 21 21 26 6K Jan. 16 *4 May 17 2 16 „ _ 2K May 26 IK Apr. 19 Mar. Feb. 9K Mar. 2 2 3 Jan. 2 *4 May 28 23 Jan. 14 IK May 13 X May 4 2 Jan. 12 14 K Feb. 19 IK Apr. 8 11*4 Apr. 14 20K May 31 2K Feb. 8 IK Apr. 8 5K Jan. 19K Jan. 30c Jan. 13 4 Apr. Mar. 17 19K Mar. 22 IK 27 K 4 3K 6 18 Jan. 6 May 10 Jan. 8 May 6 Mar. 11 25 5 Feb. 8 Jan. 15 ., Jan. 15 May 10 6K Mar. 8 6K Mar. 8 2 Mar. 1 1 Feb. 15 Jan. 5 5 11 May 4 2K Apr. 25 72 Mar. 16 14 5 75 2 K Apr. 21 3K Apr. 13 10K Mar. 21 10 Mar. 21 19 10K K *4 K Jan. 25 May 3 Apr. 29 Feb. 24 12 Jan. 5 Mar. 29 Jan. 14 Mar. 4 19 May 11 4X May 26 16 5 „ 4 16 2 May May 31 May 27 3 K Mar. 4 8 4 Jan. Feb. Jan. Feb. Mar. Mar. Jan. Jan. Mar. Mar. Jan. W Mar. 5 4X * 6 11 19 10 4 10 5 1 • K May 19 1 Mar. 24 May May May May May May May May May IX 1 8K • 10 8*4 May 31 Jan. .... 10X 34 Sale 14 X Sale 3 3X X 2 4X 5X 1 Xt : 2 16 X 17 X .100 Class B 11,534 2,681 Universal Product com 100 Vortex Cup Co common „ May 31 11 May 27 13 X May 27 20 2 10 17 X 10 H Sale 2X 14 K 22 X * Axle com.........10 Preferred.. IK Apr. X May 25 5 May 11 May 19 X May 25 1*4 Prices. Jan. IK K 5H 10 K UK 12K 15K 3K IK 14K 6K 2 Jan. 1 9 IX Sale 13 com.....* com 3K May 31 IK May 31 1 Sale 4 4K May 31 8K Mar. 5 Jan. 20 2K Mar. 16 70 May 31 120 4 Jan. 20 Jan. 14 3 2K Apr. 13 Jan. 20 2 1 Jan. 15 Feb. 2 15 14X Feb. 34 Apr. 12 Apr. 12 Mar. 23 X Mar. 28 15c II" "18 IX 3 6K Sale • May 2K May *4 May 5K May 3 Apr. 12 12 17 25 26 31 27 26 " 16 12 12 _ 11 2X Sale 'ZZZZmi 3 999 Universal Cooler class A....* ______ Sale 33 Automatic 7,385 Tlmken ■ Sale Preferred.. Silent 130 Third Nat Investors 10 3 70 Sale 10 IX * com.. 533 Square D class A Class B 738 100 Sutherland Paper com 100 3K 84 4X May 31 3 May 16 70 May 31 Apr. May Mar. Jan. May May May 5 6 X May 7K May 10 9 May 2 2X May 2 X May 11 8 May 13 4K May 11 Sale Prices IX X X 5K 5*4 3K 6 *4 5*4 May 26 "7K May" 34 May 31 6*4 May 27 5 May 26 2X May 2 *4 May 16 5% May 12 314 May 3 9 10 com Second Nat Investors 25 414 mmmmmm 6 * 2.220 River Raisin Paper com "5,116 Sale 110 Pittsburgh Forglngs com * com ...10 2,597 1,350 430 10 Sate 10,961 Reo Motor "25 4K Sale 5X 3X ............ 640 "2",367 4 Y 9 3 10 K 1 com.. 71,041 61,898 Parke Davis 8c Co 7,931 Parker Rust Proof com 220 810 1K 4K * Packard Motor Co " 1,515 Class B X 3K 5 595 National Steel Co com......* * 1,675 Outboard Motors class A 300 r 9 com..— 141,941 Murray Corp common.... 2,815 National Investors com 100 I 4K Sale 1*4 May 18 X May 12 2 "~3K Sale 18 200 Muller Bakeries class A com.* 100 13,530 Wheel Sale K Sale 5 Motor Products Corp com...* Motor 6 4X Sale 4K Jan. 22 K ...10 483 Motor Bankers Corp com...* 116 IX 15 * ... com Preferred. ........10 80 10 327 Miles Detroit Theatre - 60 * common 1,375 Michigan Sugar X "34 "I Price*. * common 2,155 Mahon (R C) conv pref 3.395 McAleer Mfg com ------ 1,475 com...... Convertible preferred-.—* 495 20,820 Kresge (S S) Co com.......10 675 800 9 IX 195 Kalamazoo Stove com......* 50 Kirsch Co i 2k I 9 10 2.210 Hoover Steel Ball com 5K Sale 2% 5 X IX Sale Sale 2 ....10 com 2X Prices * _* 4,521 General Parts common Convertible preferred-—* 860 21,834 Graham-Paige Motor com..* 3,184 Grand Rap Metal Craft.....* 12,789 Hall Lamp com.. ~ 14 3} 2 Ford Motor of Canada cl A..* 50 Gemmer Mfg Co class A 100 Gen Fdy 8c Machine units 2,470 1 Class B _* 86 803 Fourth Nat Investors com__l 31 6K 7 ;■ 7X 9 i Sale Sale 1*4 May 18 X May 12 1 ~4X "5" Sale 3 * com 6X r 2 4* Safe* 5K 7X Sale 2 3,455 Eaton Manufac'g Co com—* 17,933 Ex-Cello Aircraft 8c Tool....* 1,330 Federal Mogul common.....* * 3,922 Federal Motor Truck com 1,140 1 JL A* 100 Dolphin Paint & Yarn cl A..* Class B * ; IX X 2 3K 210 . IX X 7K Delsel Wemmer Gilbert com 10 Detroit Edison com Ask. Ask. Bid Bid. 1 • * Baldwin Rubber class A 160 Detroit Gray Iron Fdy com.* ______ 2,631 , * Alloy Steel claaa A * 2,870 Continental Motors com 3,114 Copeland Products Inc ,.* 1,366 Crowley-Mllner 8c Co com. 385 . ! Ask. Burroughs Adding Mach * 78,377 Chrysler Corp common...—* -V 375 Consolidated Paper com...10 10 i.; Par. Jan. IK Jan. Jan. 8 2 7 18 10K Mar. 21 Mar. 21 Jan. 13 IK Mar. 1 IK Jan. 22 IK Jan. 9 BANKS. 15,338 * 63,237 31 Sale 9,891 58,183 16 K Sale No par value, o Sold for cash, x Ex-dividends. y Ex-rights. 19 8X Sale Sale 13 Sale 12 *4 May 31 5X Sale 5K May 27 20 12*4 May 31 5K May 27 37 K Jan. 19K Jan. 15 14 General Quotations AND STOCKS OF BONDS • / this publication In the earlier part of General Quotations we those dealt in complete records of the dealings on the leading stock exchanges calendar year to date, are furnished. In this department of securities ' ■' Pag® 69 Steam Railroad Stocks —73 Joint Stock Land Bank Bonds..........—91 Joint Stock Land Bank Stocks 91 Pederal Land Bank Bonds 92 Real Estate Bonds 100 Investment Trust Stocks and Bonds......74 Steam Railroad Bonds.—. — ... Pa«* I fS' 75 Public Utility Stocks. 80 Industrial & Miscellaneous Bonds 83 Industrial & Miscellaneous Stocks........87 Exchange Seats 85 T Stile Manufacturing Stocks... ..86 Mining Stocks.. ... ..86 Public Utility possible for the closing dag of the month Interest in addition to the there beany, "/" prefixed to bond prices denotes that the price, he must pay accrued default, the Safe and Municipal Municipal Bonds Canadian Foreign Government i Quotations for equipment bonds are based on average conv" for convertible, maturities Stock prices marked nominal, but in all used, via.; "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" land grant, "op" for optional. interest period Indicates the month when the bonds mature. 3 40 — J Alabama Great Southern— 3 * 1/100 * J 1948 1946 Ai Bait A Harris g 5s 1936 102 1st M West Ext g 5s 1938 Baltimore A Ohio— 20 8 14 3 -. Alabama A Vlcksburg By— 1st M g 5s 1974 series A__M<J 103 (fioo )// 99 * 65 60 3 72 3 14 13M 8M 3 6 4 B 9 9 80 M 76M I iscell— J Eq tr 6s 1932-35 (s-a)—JA. Ark A Mem Ry Brge A Term- 13 18M 5 85 92 85 3 61 57 Asheville A Spartanburg—S U k Ool 1st M g gu 4s 1955-—J& J Atchison Topeka A Santa Fe— 3 deb 4M» 1948-. 76 60 68 M * of 09 due 55 oi of 1905 due '55 75M v 60 63 66 H 3 63 82 3 3 85M 80~" 9 Series B. J Ry- Atlanta A Charlotte 84 125 1/H5 - Athens Terminal 71 70M v .j lb Air Line— 79 * JAJ 1959—JAJ Bay- M 5 Ms 1929 extd as 5' to May 1954 MA Atlantic Coast Line Co of ConnCots Indebt 5s Irredeem.JA Atlantic Coast Line RR— 28 34 31 7.00 7.00 7.00 6.50% 6.50% 6.50% 7.00 6.50% 7.00 6.50% 45 43 47 37 100 71 JAJ JAJ 51M 51 65 70 96M 90 1951—AAO elllngham Bay A British Col— Beech Ork Ext 3Ms 85 1st g 5s Dec 1 1932-— -JAD elt RR A Stk Yds (Ind'p'lls)— 85 80 lstjref gold 4a 1939--—--MAN 80 %JU rxiUdUJ OS A Ml 70 scell. 70 OLl JAD 5s June 1942 5s July 1 1938 4 Ms July 1937 4Ms impt 1978 4s May 1 1933 gu "160 M 65 4s 25 34 4s May 1 1935 gu May 1 1934 gu 65 JAJ -JAJ -FAA N Y O.MAN N Y O-MAN N Y O-MAN 67 60 60 86 85 81 60 : b ft Basis. 6 75 /This Price Includes accrued JAJ 56M 6% Interest, k Last sale. {London, n Impt—See In Buffalo Rochester A Pittsburgh— General 5s g 1937 MAS Cong 4 Ms 1957 MAN Eq 6s ser K 1933 (s-a; —FAA Buff A Susquehanna RR Corp— 1st 4s Dec 30 1963 JAJ Rapids A North— 5s g '34—AAO Pac 5s'44 FAA Cam A Clear—1st 5s g 1941.JAJ Gen M g 4s 1955 FAA Cambria A Ind 1st 4M" '68—JAJ Eq tr 5 Ms 1932-38 (year) MAN Canada Atl 1st 4s 1955 JAJ Canada South 5s 1962 ser A. AAO Can Nat Rys 4Mb 1954-MAS 15 Burl Cedar Con 1st A coll tr Butte Anaconda A 60 60 80 JAJ 15 Brook A Mon 2d 5s 1938-— JAD Brun A West 1st 4s 1938——JAJ Buffalo Creek 1st 5s 1941 JAJ 65 Beech Or 1st 4s g gu 1936—JAJ 2d guar gold 5s 1936——JAJ Nominal, / 7% 8% 7% 7% 8% 60 60 60 Gen m 6s 1933 60 Bay O A B O 1st M g 3s 1989.JAD Bedford Belt 1st 5s 1938 JAJ 52 H 8% Roch 4-5s 1945 4s Oct 1 1934 AAO Bos A N Y A L 1st 4s g 1956-FAA Boston Rev Beach A Lynn— 1st m 4 Ms July 15 1947-JAJ15 60 70" 48 M Wor Nashua A 8t Johns RIv Ext gu 5s '39.FAA Van Bur Ext 5s g Jan '43-AAO Washburn Ext 1st 5s '39--FAA *89 JAD 46 M 45 1942-- 60 90 70 Aug 3s July 1950 6s Jan 1 1933.— 1943--AAO IUSVUU \ FAA JAJ JAJ Equip 5 Ms 1932-1937 (yr) FAA Eq tr 6s 1932-38 (year)—JAD 4s 1st ref 5s 1961 40 38 85 m Bluff Poinr Land A ^ i —- MAS MAN AAO 4Mb 1961 ser JJ Eq 4Ma 1933-1943 (yr)—AAO Boat A Maine (old) 4M« JAJ 4a Feb 1 1937 FAA 1st 65 80M ) — 5s May 1940-1st m 5a 1967 ser AO 1st m 5s 1955 ser 2 65 MAN 75 50 J 1st 34 M 16 30" I 1938 65 M 32 M 82 J ) 6s, * 5s Jan 1943 60 .... J Atlanta A St Andrews 61 65 1950 Bat Creek A S 1st gu g 3s 3 1 23 M -— 1943 5s May 5a Mar 1942 89 15 65 5s Apr 19445s Jan 1946 89 59 M 65 4s-5s April 1947 50 40 MAN MAN Eq tr 5s 1932-37 (yr)—FAA £ Eq tr 5s 1933-38 (yr) FAA15 Eq tr 6a *33-'35 (yr)-—JAJ 151& Pittsb Lake Erie A W Va— Refund gold 4s 1941 MAN Piscat DIv g 5s Jan 1 Ask. "5s June 1945 98 FAA A.JAD O.JAD Ref A gen 5s 2000 ser D—MAS Eq tr 4Ms 1932-40 (yr)—MAN & Eq tr 4M» *33-'41 O (yr)--FAA & Bangor A Aroostook— 1st M 5s g Jan 1 1943 Cons refund g 4s 1951 Medford Ext 5s 1937 15 80 Oonv g 4Ha 1960 Ref A gen 5s 1995 series Ref A gen 6s 1995 series Toledo A Oin Div 4s 3 Boston "7H 1st M 4s g July 1 1948—AAO 1st M 5s July 1 1948 AAO Oonv 4Mb 1933 red 1923-MAS S W DIv 1st 5s Boston 60 1 Ref 3 Ms 1952 gu if* -JAJ 1949—AAO 83 M Aug Term 1st gu g 6s 1947-.AAO Aus A NW 1st 5s g 1941 JAJ 103 Augusta Union Stat 4s 1953-JAJ —. {Concluded)— 1951 JAJ N Y O-AAO A Lowell 4Ms Feb '33-JAJ A Maine (new) 5s Sept '41 3Ms Jan 6% 6% 6.75 6.75 1948—JAJ 2d g 4s 1948 ,Atl A Yad 1st gu g 4s 79 3 Alabama N Orl TAP June— "A" deb 5s g *40 red 'lO.Mi "B" deb g 5s *40 red '10-M* Atl A Danville 1st 4s 70 f Bid. Boston A Albany . Eq 6s 1933-1935 (yr)—JAJ 15 & Eq 4M" 1933-'41 E (yr).FAA|& Atlantic Coast Line of S CJ-— Gen 1st g 4s July 1948——JAJ 80 75 bonds. Bonds. Ask. Bid. Bonds. 35 3 3 Albany A Susq 3Ms gold (conv before 1916) gu Alleghany Corp— for endorsed, "cons" for consolidated marked "f" end income and defaulted Atlantic Coast Line RR (Concl) Adirondack 1st 4 Ms 1942 Akron A Barb Belt g 4s 19 Ak Oant A Youngst— Gen Income 6s Oct interest" except where Ask. Bid. Bonds. RAILROAD BONDS lst bonds and bonds in in the letters showing the NOTICE.—All bond prices ere "end Conv York Steck accrued interest forms part of the price, and already stated in the case of income "si" for sinking fund. "1 g" for The black-faced type Oonv g 4s Oonv g 4s ...93 "and dividend"; that is, the accrued dividend must be paid in addition to the price. All others are per cent except bank stock prices, which are quoted per share unless otherwise stated. borne in mind in the use of these tables that the quotations for many Inactive and unlisted securities are merely are obtained from sources which are considered reliable. ^ The following abbreviations are often • .......94 preceding the date of issue. As the New Quotations for guaranteed stocks are the figures Bonds.—...92 Bonds thus (d) are per share. cases 86-112 87 Deposit Stocks—87 ... and Land Stocks. United Statef quotation is a flat price—-that is. that the have to provide for it separately In making payment. As price Is always "flat," and no designating mark Is employed to indicate the fact. It should be Page ; ' Stocks and Scrip Title Guarantee and Includes the Interest, should The letter _' Real Estate Trust adopted the same method and no longer employ a designating will understand, therefore, that unless the letter is prefixed price. This, however, does not apply to Income bonds or bonds in default. In which cases 2 1909 to quote all bond prices "and interest." we have fact except where there is a deviation from this rule. The reader therefore the purchaser does not . Vv..y :"v;Insurance ... Quotations from all Stock Exchanges are as near as the price Bonds index - Exchange began with Jan. %• the The following is an also leading unlisted and inactive securities. quoteds the exchanges, but on to the different classes mark to Indicate the of of combine in one comprehensive whole, securities of all classes and descriptions, not only the latest month and for the the country, for 1957 4MB 1968 4Ms 4Ms guar 1951 4 Ms guar 1956 4Ms guar 1955 40-yr 5a guar 1970 JAJ .— -JAD MAS. FAA JAD 15 FAA JAJ AAO 1969 1969 Eq tr 4 Ms 1932-1942 (gu) MAN Eq tr 4Ma 1932-45(ann) JAD Canadian Northern— 3 F deb 7s 1940JAD 5s guar 5a guar 1946 JAJ 10-yr g 4Ms Feb 15 1935.FAA Winnipeg Term 4s 1939 JAJ 9 F deb 6 Ms s Sale price. 80 75 65 60 Ml A 70 65 scell. 83 29 99 60 55 65 90 80 70 7% 60 80 78 M 77M 75M 77 77 79 H 83 X 83" " 83 8% 8% 95 M 96 H 91M 70 RAILROAD BONDS . NOTIOE.—'Ill bona pnoei are "and Interest" except where marked Bonds Bid. Canadian N W 4%s Oct 221943— Canadian Pacific— 80 Gone deben 4s perpetual. _J& J 20-yr coll tr 4 Ms 1946 MAS Oofl tr 5s Apr 15 1934 A&O Ask. 51 65% 67 72 55 70 74% 7% 7.50 7.50 Oaro Cent 1st g gu 4s 1949--J&J / Oaro Clinch & Ohio 5s 1938—J&D let cons 6s 1952 ser A-J&SD15 Bq 6s Jan 15 '33-*35 (yr) J&J15 Eq 6%s 1933-36 ser J (yr) M&S EqI 6Mb 1932-36 K (yr)„A&0 6 Eq4 '32-'42 (yr.) ser A M&N Ohlc ~~ Pac Ry 82 67 6 Bq tr 4%s 1940-1945 s-a.J&D - 51M 80" 70 85 t Equip 5s 1932-1937 s-a.-A&O Bq 5s 1932-1933 s-a—-J&D Bq tr 6s 1933-'35 (yrly).J&J15 7c 6% 7% Cart & Adir 1st 4s 1981 J&D Oatawlssa cons g 4s 1948—A&O 6% 70 77" 84 40 45 10 35 50% 60 7 7 Gent Ark & Ea 1st 6s 1940 op J&J OentrBr Un Pac 1st g 4a *48.J&D Oentral of Georgia— 1st M g 5s Nov 1 1945—P&A 6% m M&N gen 5s 1959 ser 19% 15 C„A&O Bq tr 4Mb *33-'40 ser P(yr)M&S Bq tr 4Mb '32-,40serQ(yr)M&N Bq tr 5s 1932-*38 (yrly)__J&D 7.25 7.25 7.25 Ghat Div gold 4s 1951—J&D Macon & Nor g 5s 1946—J&J 15 17 6.25% 50 M 15' 40 Gent New Eng 1st qu 4s 1961 J&J Oentral of New Jersey— 59% Gen M (now 1st) g 5s 1987 J&J Gen M 4s 1987 J&J Bq tr 6s '33-'35 (yrly)—J&J15 _ E? 75 6.30 4 M"i 1932-'41 (yr)-F&A Oentral Pacific— let ref 4s g guar 1949 F&A 1st g guar 4s Oct 11954—A&O Guar g 5s 1960 F&A _ m 52% European loan 4s 1946-M&S 9% 9% Ref & Impt 4Mb *95 aer B J&J Bq tr 4Mb *32-'40 W (yr)_7 ~ 6 74% Potts Creek 4a 1946 6.25 6.25 6.25 6.25 6.25 '89-J&J 80 54" J&J g '41.M&S Elevator Co g 4s gu 1938--A&O West PocOorp 1st 4Ms*45 F&A Chesapeake & Ohio Northern— 1st M 5s 1945 guar A&O Ohesterfleid & Lane 1st 5s '55F&A / °Wci & Alton 1st 3Ms 1950—J&J / RR refunding g 3s 1949—A&O / Equip trust 6s Jan 15 '32-'35 g (yearly) J&J15 Chicago Burlington & Quincy— Gen M 4s 1958 M&S 6 85 8% 73 9% 35% 35 95 97 Olev Colum Cin & 98 98 30" 16 3 50 3% 80 68 8% 8% 8% 45 36 48 50 62 72 Gen M 4%s'87stpdlnctaxM&N Gen M 4 Ms'87 stpd inc tax M&N 60 Sinking fund deb 5s 1933.M&N 55 , 67 62 55% 63 29 2l" 8M 23% 27 9 65 — 65 40 vvw. > Amended qi -T 7JO 1st HI* con upv. 4 Ms . / IVI 6% 1982 _ / 5 3 Ext at 5M% to 1961 Frem Elk & Mo V 6s 1933— Galv Houston & Henderson- Ga & Ala 5a Oct 1945 J&J f Ga & Ala Term 1st g 5s 1948-J&D f Ga Oaro & N 1st 5s g 1929--J&J Ext at 6% to July 1 1934 J - 1st M 6s 1946 ser A Ctfs of depositInc deb 6s 1952 73% Deb g 6s Sept 1 1936 6Ms 1936 50 17% W4* 26 15 75" 70 97" 90 12 9 35 25% 50 55 55 94% 91 94 50 8.50 50 50 62 J&J J&D J&J Eq tr 4Mb 1932-1939 M&S 7% Eq tr 4Mb 1932-1940 D (yr)J&J 7% Eq tr 5s 1932-1938 (yr)..M&S 7% Western Fruit Express Eq 5s J'ne 15'32-'39 (yr) J&D 67.50% Eq tr 4 Ms 1932-1940-J&D 67.50% Great Northern Ry of Canada— Cons 4s 1934 opt to 1914—A&O 65 Greenb Ry 1st g gu 4s '40-M&N 87% Green Bay & West debt certs A— 20 Deb ctfs B 1% Ouantanamo & Western— „ ser A J&J 14 6 5Ms 1950 ser B A&O 1st 5s 1950 Series O A&O Gulf & Ship Island RR— 1st ref & term g 5s Feb '52-J&J 42 Gulf Terminal of Mobile— 1st mtge g 4s 1957 gu J&J 50 60 RLarl R & Portch—See N Y N H&Ha rtford Hoboken RR & Term Co— 1st lien s f 6s 1947 ..M&S 7 26 2 79% 55 MM 8% 80 2% 66 80 75 Gulf Mobile & Northern— 35 con g m 80 35 1st M 6s 1958 con g f This price includes accrued Int. k Last sale. I In Lsndon. 80 Guayaquil & Quito 1st 5s '32 J&J2 8 1st J&J • 8.50 60 F&A k Gen 4Mb 1977 ser E 80 93 64 79 100 Detroit Toledo & Ironton— 1st 5s Mar 1 1964 i ICO HO M&S Gen M 5s 1973 ser G Gen 4 M« 1976 ser D 87 4s 1936 J&J 4Mb 1936 J&J Denver & Salt Lake Ry— 1st mtge 6s 1950 Inc mtge 6s 1960 Des M & Ft D 1st 4s 1935--J&J Certificates of deposit Des Plaines Val 4M» 1947--M&S Det & Mack pr lien 4s 1995-J&D Mortgage gold 4s 1995 J&D Det R Tun 4Ms 1961 gu.__M&N i 70" A&O Grand Trunk West 4s £ 1950-J&J 1st g gu 4s $ July 1 1950—J&J b Eq tr 5s Dec 14 *32-'43 (yr) Grays Pt Term g 5s 1947—J&D Great Northern— Gen M 7s 1936 series A J&J 1st & ref g 4%s '61 opt '41. J&J Gen M 5%s 1952 ser B—J&J 61 ser B.A&O Bq tr 4 M» 1932-42 (yr)__M&N Denver & Rio Grande— i A&O Sink fund g deb 7s 1940--A&O A&O Ref & lmpt 5s 1978 • ii 15 F&A f Mountain Sec 4s 1955 A&O Lake Sup Div 4s 1955 A&O Grand Trunk Ry of Canada— 1st & ref gold 4s 1943 M&N 15-yr g 5%s May 1 '37—M&N Eq 6s Jan 15 *33-'35(yr) J&J15 Denver & Rio Grande Western— Gen income 5s Aug '55 F&A i i • 55 34% 100 D Rlv RR & B gu g 4s 1936-F&A Del R Ter p m g 5s 1942 M&N Ex p mon g 5s 1942 J&J * tit f 1st M 3s 1962. —J&J 1st 4s Feb 25 '39 Alg gu.M&N 1st 4s Feb 15 *42 Alg gu.M&N Gen 4s 1962 Can Gov gu_.J&J Prairie 8ection 4s 1955—A&O 99% - M&N Ga RR & Bkg ref 6s 1951—A&O 4s Jan 1 1947 J&J 70 29 Dayton Union 4s 1949 J&J Dawson Ry & Coal 5s 1951--J&J Delaware R.R.— General 4Mb 1932 J&J 20 Georgia & Florida RR— C..A&0 M&N 8% 10 Grand Rlv Valley 4s 1959--M&S Grand Trunk Pacific— 1st 70" 75 1 Gouv & Osw 1st 5s g 1942—J&D r R & Ind ext 4 Ms 1941—J&J 2d 4s 1936 A&O 64 80 Delaware & Hudson— Oonv 5s 1935. 56 3] 2] Eq tr 4 %s 1932-1939 s-a.M&N b f 5 Ms 1972 series A—A&O 1st M s f 5s 1973 ser B A&O Del & Bound Br 3%s 1955-F&A 60 36 Fla So 1st g gn 4s 1945 J&J Florida West Sh 5s 1934 J&J Fonda Johnstown & Gloversv Deb 5s 1952--- * 51 55 M&N 75 Dal & Waco 1st gu 5s 1940-M&N Danb & Norwalk 4s 1955 J&D 33 15M 30 Certificates of deposit Bq 4Mb '32-'35 G (s-a)—A&O Eq 4Mb *32-'41 H (s-a)—M&S 1st M & ref 6s 1952 Ga Mid 1st g 3s 1946 s Imp & equip 5s I960 99% 75% Georgia Fla & Ala RR— Cuba RR 1st g 5s 1952 J&J 1st 1 & ref g 7%s '36 ser A-J&D 1st 1 & ref 6s 1936 ser B—J&D 93 7.50% 7.50% 40 95 Connecting Ry (Phila)— 1st M gu 4s Mar 15* 51-M&S15 Cuban Nor Rys 1st 5 Ms *42-J&D 30 - Florida Oentral & Peninsula— 1st cons 5s gold 1943 J&J Florida East Coast 4Ms '59-J&D 1st & ref 5s 1974 M&S 90 50" 95 - 77 6% Gen & ref 4Mb 1977 ser A.F&A Oleve Short L 4Mb 1961 A&O ser 15% 60" 96 Ser B 4Mb gen gtd 1942—A&O Int red to 3M% Ser O 3 Ms gen gtd 1948—M&N Ser D 3Ms gen gtd 1950—F&A 1st a f 4Ms 1977 16 87 75 95 70 75 "7% _ 15 82 • (May '32 and May 37 coup) Fort Dodge Des Moines & Sou Indlanap— Cleveland Terminal & Valley— 1st 4s gold guar 1995 M&N Cleveland Union Terminals— » 15% 68 Conn & Pass 1st g 4s 1943--A&O Conn River gold 4s 1943 M&S 25 m> 26% 52 ■ Eq 4%s '32-'41 LL (s-a)-M&S 68.50% Eq tr 4Mb 1932-43 (s-a)„M&S 18.50% Penncollg4s Feb 11951—F&A Erie & Jersey s f 6s 1955 75 J&J Erie & Pittsburgh— Gen gu g 3Ms ser B 1940--J&J 87% Series O 1940 85% J&J 85 European & N A gold 4a 1933 J&J Fitchburg 5s Jan 1 1934 J&J 4Mb Jan 1933 J&J 79% 93 22" m'mmm A&O A&O Series D 1953 Ref & impt m 5s 1967—M&N Ref & mtge m 5s 1975 A&O Eq tr 6s 1933-35 (year)_J&J15 *"v 85 42% 30 1953 7i% g — Stmpd non-pay Fed Inc tax Gen M 5s *87 stpd inc tax M&N 7% 90 1st m 4s 1940 F&A Col & Hock Val ext 4s 1948 A&O Col & Tol 1st g 4s 1955 —F&A 45 32% mm Series B 75*1 I* Eq tr 6s 1933-35(year) J&J 15 Columbia & Port Deposit— 18" „ b Basis, 30% Gen cons gold 6s 1934 J&J Cleveland Lorain & Wheeling— Cons now 1st 5s 1933---A&O Gen M 5s 1936 J&D Oleve & Mah Val g 5s 1938.J&J Clev & Marietta 4 Ms 1935.M&N ^ 31% 90 / 29% 90 Bq 4Mb '32-'43 E & F (yr).J&J Bq 4 Mb *32-*41 G & H(yr)_J&J Equip tr 6a 1933-35 (yr)_J&J15 Equip tr fa 32-'40 ser B(yr)F&A Chicago & North Western— Gen M 3%s g 1987 M&N ; 8 Coal Rlv Ry 1st 4s gu '45 J&D Colorado & Southern Ref M g 4 Ms May 1 '35- -M&N General mtge 4Ms 1980--M&N 35 Gen 4Mb May *89 ser E—J&J Gen M 4%s May '99 aerF.J&J 15-year 6 Ms Mar 1936—M&S 1st & ref 5s May 2037 J&D 1st & ref 4Ms May 2037--J&D let & ref 4Mb May 2037C J&D Oonv g 4Mb 1949 ser A—M&N 70 70 28" }36 opt J&D Chic & J O Ry 1st 5s 1936-— J&J Chicago Lake Shore & Eastern— ^ H,®mPA,GuIf 5® 1940-J&J 74% 79] gu 5s °Wc Milw St Paul & Pac RR— 50-yr 5s 1975 series A F&A Oonv adj 5s Jan 2000 A&O Gen g 4s A May 1 1989-—J&J Gen g 3 Ms B May 1 1989-J&J Gen 4%s May '89 series C.J&J 55 4s 1940—F&A '40-M&S White W V Div 1st 4a '40-J&J Equip to 6s 1932-1935 1st 68] A.M&N 4Ms 1969 opt 1919-J&D 70 45 Spr & Col Div 4s 1st 85% 7% 1st & gen16s May *66 ser B J&J Equip tr 6s *33-*35 (yr)._J&Jl5 Gen M gold 4s 1987 79 78 J&J Chicago & Erie M 7% M&N Ref M g 5s 1947 series B„J&J Ref M g 4s 1947 series O..J&J 1st & gen 5s 1966 series cons guar g 89 55 1st gold Ref & imp M 5s "63 ser D..J&J Ref & lmpt 4 Ms ser E 1977. J&J Cairo Div 1st g 4s 1939—J&J O W & M Div 1st 4s g '91-J&J St L Div lstcoltrg4s'90M&N 42 74% let consol 6s gold 1934—A&O 5s 1st g *82-M&N Income 5s Oct 1982 Ohlc Grt West 1st 4s 1959—M&S Chicago Indiana & Southern Ry Con mtge g 4s 1956 guar-J&J Chicago Indlanap & Louisville— Ref M g 6s 1947 series A..J&J 77 1st M 5s 2020 ser B _J&J Clearfield Bitum Coal—See Ind & Misc. Clear & M 1st 5s g gu 1943--J&J Cleveland Akron & Columbus— 75 Chicago & Eastern Illinois— VP* 70 Olncin North 1st g 4s 1951—J&J Cincinnati Union Term Co— 1st M 4Mb 2020 ser A J&J 79" 37% 73% 78 4s July 1 1949 Monon Coal 99% 70" 1ft & ref g 5s 1971 ser A..F&A Illinois Div 3 Ms *49 op *29 J&J Ohlc & East 111 (new co)— M 5s May 1951 70„ 60 Cleveland & Pittsburgh— Ser A 4Ms gen gtd 1942-—J&J 1st & ref 4Ms ser B 1977-F&A . 79% 5 75% 5.75% 5.75% 5.75% 5.75% 99 M J&J R & A Div 1st con g 4s 4s 1989 Warm Spr Val 1st 5s 97 96 107 95 60 70 b 57 A&O Prior lien gold 4s 1996 J&J Gen lien gold 4s 1996 J&J Oonv gold 4s 1953 ser A—A&O *•1# 50" F&A 55 1950-J&J 1st & ret 5s 1965— „ 55 M&N 75 90 19 M&S Oin Leb & Nor 4s 1942 Cine & Musk Val 4s 1948 Oin N O & Tex Pac Ry— 70 80 1st 6s mSse&tont 4% Income 5s 286Z A&O El Paso & R 11st gu 5s 1951-J&J El Paso & S W RR— Brie- 86 Ry— guar 4s 1953 A&O O IS L & O 1st 4s g Aug '36—Q-F Oln Ind & West 1st 5s 1965-M&N „ 22 72 85 95 106" " J&J Choctaw Oklahoma & Gulf— Consol gold 5s 1952 M&N Cincinnati Hamilton & Dayton— General 5s gold 1942 J&D 2d mtge gold 4Mb 1937 J&J Cine Ind & St L Sh Line 18 60 80 32 89 Guar gold 5s 1944 J&D Chicago & Western Indiana— Consol gold guar 4s 1952—J&J M&N Consol 1st 72% 15% 68 g 5s 1956 M&N Elgin Jol & East 5s 1941—M&N Elmira & Williamsport— 99% 26 14 J&J 4%s 1940—J&D East Tenn Va & Georgia— _ 81 75 90 100 1st gold 5s 1937 5a 1935 „ 8% 8% 8% 8% 8% Ms 1963—J&J Olev Cine Ohic & St Louis— General 4s gold 1993 J&D Gen M 5s ser B 1993 J&D Ref & imp M 6s '41 ser O..J&J 75 62 Bq tr 5s 33-*38 (yr) 6 M<! Bq tr 5Ms '32-'37 (yrly)__« 6 Bq tr 6s 1933-'35 (yrly)_J&_ 6 Bq 6Ms 1932-'35 (ann)—J&D 6 Craig Valley 1st 5s g 1940-J&J 11 1st M 5s 1963 series B J&J 1st M 6Ms series O 1963—J&J 1st 72 da 96 , 8% 8% 60 66 21 50 95 Dutchess Co RR Eastern Ry of Minnesota— Nor Div 1st g 4a 1948 A&O Eastern Tenn & West N C— 20 opt J&D Eq tr 5s 1932-38 (yr)—A&O 104 1st cons g 5s 1939 B General 4Ms gold 1992—] Ref & impt 4 Ma 1993 serA i „ 35 Iron Co—See I nd & M lac. Chesapeake Corp—See Misc Bon Chesapeake & Ohio— con 54 M 45* Ghat R & South g 5s 1947—J&J Chattanooga Sta 4s 1957 gu.J&J 2d 5.80% 63 32% OentRR & Bkg 5s 1937 M&N Oentral Vermont Ry— Bq tr 5s Apr 26 1932 s-a—A&O Bq tr 5e Dec 14 32 *44 (yr) Ohar & Sav gen 7s 1936 J&J Oharl & W Oar 1st 5s 1946—A&O Ohateaugay Ore & v. 76 80 6.50 Hi% 7.75% 7.75% Ask. 70 Dul & Ir Range 1st 5s 1937-A&O Duluth Mlssabe & Northern— Gen g s f 5s Jan 11941 J&J Duluth South Shore & Atlantic— 58 Inc mtge 5s Dec 1 1960—M&S Ohlc Un Stat 1st 4 1st & ref 5 Ms 1962 A Choc & Memph 5s 1949 7.75% 7.75% 60 M Bid. Bonds. Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J _ Ohic Terre Haute & Southeast 1st & ref g 5s Dec 1 '60 6.25% 6.25% Atl ut 1947—J&J Mobile Div g 5s 1946 J&J Oconee Div 1st g 5s 1945-J&D Ocean S S 1st 5s 1943 J&J 8.50 8-50 Eq 6s 1933-*35 (ann)_—J&J15 30" Registered $1,000 & $5,000— gen 5%s 1959 ser B.A&O Ref & Ref & 8.50 Con g 6s June 15 *51—J&D 15 Con g 3Ms June 15*51 J&D.15 Mem Div 1st 4s 1951 J&D Chic St L & Pita 1st 5s g 1932A&0 Ohic St Paul Minn & Omaha— Registered $1,000 & $5,000— Cons gold 5s 1945 8.50 30-yr.conv.4Ms 1960--M&N Eq 6s Jan 151933 '35(yr)J&J15 Eq tr 5s 1932-38 (s-a) J&D Eq tr 5s 1932-'34 (s-a)—A&O Bq 4Mb *32-'42 O (yr) J&J Eq tr 4Mb '32-*45 (s-a)—J&D Chicago St Louis & N 0-— 60 Ask. 8.50 8 50 General gold 4s 1988 J&J Ref g 4s 1934 opt to 1911—A&O Sec 4Mb 1952 ser A M&S 7% 17 Bid. Ohic & North Western (Concl.>— Eq tr 5s *32-'35 ser M (yr) J&D Eq 5s '32-'38 O (yr) J&D 59 Coll tr 5s 1954 J&D 8 f4%s Dec 16 1944—J&D15 Coll tr 4%s 1960 J&J Eq tr 5s 1944 J&J Bq tr 4%s 1932-1938 s-a.-J&D 6 „ Bonds 85 "f" and Income and defaulted bond*. 25 25 45 34 35 75 1st 18 10 10 Certificates of deposit Valley Ry— cons gold 4%s 1999—_ J&J Eq tr 5s 1932-1938 (ann)_A&0 Eq tr 5s 1932-1939 (yr)—J&J Eq tr 6s *33-'35 (yr) J&J 15 ; Hocking 1st 7.00 7.00 7.00 65 Dollar per 500 francs per £20. n Nsminal. r Canadian price, 7 66 s Sale price. 71 RAILROAD BONDS WOTIOl.—AJ oond prloai are Holldaysburg J&J 75 79 84 1951 guar con 5s 1937 » Houston East & West Texas— M&N M&N 1st 6s g May 1 1933 1st gu g 5s Mar 1933 Houston & Texas Central— 1st lien g 5s 85H J&J 1937 Hudson & Manhattan— 1st gold 5s 1957 opt 60 62 H Adj inc up 28H 29 H 68 72 F&A to 5% Feb '57-A&0 1957 conv F&A V: 1st M 4Ha • Huntingdon & F>coad Top— 1st M ext 6s Mar 31 '40A. A&O 2d M ext 0s 1940 ser B—-F&A 3d M consol 5s Mar 31 '40-A&O Illinois Central—1st g 4s '51-J&J 'Sl-A&O M&S A&O J&J 1st M £3s 1951 1st M £4s 1951 Tr bonds £3 Ha 1950 80 gold 4s 1952 A&O '53-M&N Ref mtge 5s 1955 M&N Ref g 4s 1955 opt 1918. M&N Pur lines 1st g 3Hs 1952.-J&J Jt 1st ref M (IO&CSL& N O) 5s 1963 ser A—„ J&D Ser B 5s(£100 & £200)'63J&D Series O 4Hs 1963 J&D Gold 6Ha July 1 1930. J&J 40-year 4H® Aug 1 1960--F&A Eq tr 4Ha 1932-1939 K—F&A Eq tr 4Hs 1932-1940 L A&O Eq tr 4 Ha *32-'41 M (s-a) .M&N Eq tr 4 As 1932-41 Ser N.A&O Eq tr 4 Ha '32-'36 (yr) 0--J&J Eq tr 5s 1932-38 ser J M&N Eq tr 6s '33-'35 (year)__J&J 15 Equip 6Ha 1933-1934 (yr).F&A "so" 32 35" 40 40 Louisville & 1/65* 65 26 W 45X 23 X 8% 8% 8% 20 H 8.75 8.75 8,75 8.75 11 8.75 8.75 8% 8% 8% 8% 8.75 8.75 8.75 Equip 7s 1932-1935-—I—A&O Cairo Bridge 4s g 1950--J&D Litch Div 1st g 3s 1951 J&J 48 H 35" 35 50 Indiana Harbor Belt RR— Ind 111 & fa 70 J&J J&J Genl mtge 4s 1957 Gen mtge 434s 1957 78 J&J 1st g 4s 1950 Indianapolis Union— Gen & refg 5s 1965 ser A—J&J Scrios B Ref & impY 4 Ha "1980"——J&J Indlanap & Lou 1st 4s 1956--J&J Interboro-Met 1 See Public Utility Inter Rap Tran J Securities. 14 1st M g 6s 1952 series A„J&J Adj M 6s July 1952 ser A_Aprll 1st M 5s 1956 series B J&J 1st M 5s 1956 ser C J&J Eq tr 4Ha 1932-42 b (yr)—A&O America)— M&N 1st col tr 6% notes 1941-M&N 6% notes 1936 1st 1 & ref 6H» 1947 F&A Iowa Cent 1st g 5s 1938 J&D 40 28 39 20 30 18 20 X 2H X H f la Minn & N W 1st 3 Ha 1935 J&J Jacksonv Ter 1st 5s gu Ref & ext 6s 1967 Jamestown Frank & A&O 1939 J&J J&J mtmmm i 1st M 78 J&D A&O 55 ^ 92 (yr)—J&J 15 96 99 Va 5s 1955—J&J City Ft Scott & Memphis— Kanawha & W Ref g 4s 1936 K O Mem & Bir mrn'mm k 38 Sept 1 / — ■ City Sou—1st g 3s 1950 A&O Ref & Impt 5s Apr 1 1950--J&J Eq tr 6s 1933-35 (year)—J&J15 Eq tr 5Hs 1932-38 (year) M&S Kansas City Terminal Ry— 1st g 4s 1960 opt 1930——J&J Kan Kan O & Pac 1st 4s g — 58" --- - 68 45 H Gulf— Inc 6s series B Jan 1949 Jan ' 1st M 5s 1978 J&J Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR 1st M 4H« 1961 (sterling)-J&J accrint at exch rate 4.8665 — Stmpdaccrint at rate 4.8665 — 6s -J&J L E & Det Riv 4Hs 1932—F&A Lake Erie & West 1st 5s '37—J&J 2d gold 5s July 1 1941 J&J Lake Shore & Mich South— Con g ref 3Ha 1997 J&D Lehigh & New England— „ J 1st to Mil 1934 Prior lien g 4Hs s Gen mtge 4s 1977 12 65 55 101 40 45 40 45 50 55 57 % 63 52 X 99 " 97 97 :::: 49 35 .... 70 60 75 "I" 3 75 70 H 73 74 30 Eq Eq Eq Eq 58 90 95 78 82 b 8% 1st Ch Ter 69 X 7% s 88 59 65 ser 90 75 98 70 79 32 35 II* 40 mm ' m— m mi m m b J&D Eq tr 6s 1933-'35 (year)-J&J15 Mo Kan & Okla. 1st 5s '42 M&N / 65 84 42 H mi m Mo Pacific RR (new company)— 1st & ref 5s Jan 1965 A F&A isc. 1st & ref 5s 1977 ser F— 39 40 ' 1st gold 48 1990 -M&S „ 60 84 _ 18" A&O 20 H 16 20 18 1954 series A—A&O 1st 5s 1956 series C F&A 1st M 4Hs 1956 series D..F&A b Eqtrust4Hs 1932-'42 A&O Newport & Cincinnati Bridge 1st M g 4Hs 1945 guar.—J&J Newp & Rich? 1st 5s '41 gu__J&J N Y Bay Ext R 1st 5s g 1943-J&J New York Bklyn & Manh Beach 1st gold 5s 1935A&O New York Central RR— 31 20 8%~ 7% 89 67 H M&N 68 53 J&J tax-exempt-M&N July 1 1997 tax-exempt-.J&J 32H 37M A&O A&O 9% 9% 9% 9% 20 8% 8% 8% 8% 76X ''''■mm 3 Ha 1998 F&A M O coll tr g 3 Ha 1998---F&A Eq tr 7s '32- 35 (year)—A&015 Eq tr 6s *33-35 (year)__J&J15 NYC L eq 5s '32-'37 (yr).J&D NYC L eq 5a '32-*39 (yr).J&D NYC L eq 4Ha '32-'37(yr)M&S NYC Lines eq 4Hs Mar 15 1932 to 1939 (year) M&S15 NYC Lines eq 4 Ha *33-'35 J&J NYC Lines eq 4Hs '32-'40 mm 72" 65 85 19 16 38 X ' m ■mm'm m mm m 14 6.75 6.75 6.75 6.75 6.75 6.75 6.75 6.75 M&N15 6.75 37 38 15 6.75 52 _ 4 Ha 3d ext 22H 14 X 12H 9% 9% 65 55 78 1947—M&N M&8 1940-M&N 3 Hs 2000-M&N 1933 20" N Y & Gr Lake gu g 5s N Y & Har 1st g 68 X N Y Lack & Western— 1st & ref 5s 1973 ser A——M&N mm Deb 4s 1956 non-conv 55 62 90 95 — 22 25 22 X 24 M&N M&8 Deb 4s 1947 non-conv Deb 3H« March 1947 M&S Deb 3H« 1954 non-conv—A&O Deb 3Hs 1956 conv J&J 15-year secured 6s 1940 A&O 1st & ref 4H« 1967 J&D m ^mmm 30" 45 63 70 30 50 30 45 55H b 63 42 1945 (s-a)—M&8 15 b I In London, n Nominal, m mmmm. .* Equip tr 4 Ha Sept 15 1932 to k Last sale. 83 72 1st & ref 4H« 1973 ser B—M&N Misc. NYLE&WO & RR—See Ind & e Ind & Mlscel. N Y L E & W Dock & Impt—Se N Y & L Br gen 4s 1941 M&S General gold 5s 1941 M&S NY & NE Bos Ter 4s 1939-A&O N Y New Haven & Hartford— 55 51 Deb 6s Jan 15 '48 conv—J&J15 38 37 Deb 4s May 1 1957 M&N 50 Deb 4s July 1 '55 non-conv J&J Mar 15 h Dollars per 1,000 franc bond- 24 J&J Mexico— Inc 5s '35 ser A_ A&O Eqpt. tr. 4H» *32-'40(yr)-J&J Harl Riv & Pt Ohes 4s '54 M&N accrued interest, 95 45 NY & E 1st 4s ext g 8 24 ser 13 90 M&N 40 2H 35 D-J&J 78 70 IHs '30~'32 ..J&J NYC RR eq 4 LHb '32-,45-M&N NYORReq 4.. J N Y O & St L 1st g 4s 1937 A&O 6% gold notes 1932 A&O Ref 5 Hs 1974 ser A A&O Ref 4 Hs 1978 ser O M&S Equip tr 4Hs 1932-'44 (yr) F&A Equip tr 6s 1932-'38 (yr)—F&A New York Connecting RR— 1st M 4H« 1953 series A—F&A 1st guar 5a 1953 series B—F&A 41H A—A&O M K & T of T 1st 5s gu 1942 M&S Mo Kan & Tex (old company)— Adj M 5s Jan 1967 3X 10 14 38 H J&J J&J B .... • 12" '52 ser A„ J&J 20 H J&J Prior lien 4Ha 1978 ser 70 2H 3X IX RR— Prior lien 5s 1962 ser A Prior lien 4s 1962 SiX i ICO no L S coll tr g J&J Mo-Ill RR 5s 1959 Missouri-Kansas-Texas Extended at 5% 1940 12 74H '41op'16-M&N 65 1915, Ref & Impt 4 Hs 2013 A Ref & Impt 58 2013 O CentTermRy— f 4s 71H F&A N J & N Y 1st m 5s 1950-M&N Gen 5s Jan 1 1933J&J New Lon Nor 1st 4s 1940 J&J New Mexico Ry & Coal Co— 1st coll tr g 5s Oct 1 1947--A&O 1st & con & coll tr g 5s 1951 A&O New Orl Gt Nor 1st 5s '55.-F&A N J June 1st 4s gu 1986 8 Minneap Term 3Hs '50 opt-J&J Mississippi Cent g 5s 1949 J&J 71 36 New Eng cons 4s 1945 gu Consol g 5s July 1 1945 J&J N Hav & North 4s 1956 gu__J&D 34 42 J, J&J J&J 1H J&J ft J&J perpetual 31 tr 4s 32-'38 s-a J&D 15 b tr 4Hs 1932-36 (s-a)-M&N b tr 5s 1932-'33 (s-a) M&S b tr 6s 1932-'35 (year)-M&S MStP&SS M & 68 X 99" Cons deb 4s Ref g 3Ha J&J —J&J J&J -M&S 75 If Deb g 4s *34 Deb 4s 1942 h 480 f 1st ref 5Hs 1978 ser B 25-year 5Hs 1949 78H k Conv deb 6s 1935-— / M&S f A_Q-F 2d M gold 4s guar 1949 1st ref 6s 1946 series A A&O M&N F&A 1st Msf4Hs 1955 Naugatuck 1st 4s 1954 New Brunsw 1st g 5s 1934 1 1 Cons mtge 4s 1998 ser A—F&A New York Central & Hud Riv— — Minn St P & Sault Ste Marie— 69 X 1 1st M 5H« Minneapolis & St Louis— 45" f f f f 1st 5s 1954 series B 1H Sparta & NW 1st 4s 1947M&S 1st cons gold 4s 1938 1st cons gold 5s 1938 1st cons 5s 1938 gu int f Non-cum 50 Certificates of deposit 1st refdg gold 4s 1949 1H 1H f 1957—J&J f New Orleans Texas & — A&O Certificates of deposit 8% A&O Ref & impt 4 Hs J&D Ref & ext 5s Feb '62 ser 48 X b 6% g notes *15 ext to'33.-J&D 6% gnotes£ '15 ext to '33-J&D Nat RR of Mex p 1 g 4Hs 26 J&J 1st cons gold 4s 1951 A&O National Transc Branch Lines Co New Orl Term 1st 4s 1953 Mil&Siate Line lst3Hsl941 -J&J 79J4 65" F&A (year).A&O New Orl & Nor East 6s 1st 7s '27 ext at 6% 1932--J&D 1st consol gold 5sl934 M&N / 78K 92 serB_M&N 1st M 4s 1978 ser A Eq tr4Hs 1932-37 A&O Sept (1884) 25" M&S Nashville Chattanooga & St L— 1st ext 4Hs 1934 (1880)—J&D Cons 6s 1913 ext at 4H% 50 /This price iocludes N so" Nash F & S 1st gu g 5s 1937—F&A National Rys of Mexico— A&O of 9% 9% 9% 95 1st 5s 1963-—F&A Constr'n4Ha 1955 6.50 6.75 6.75 98 46 Lehigh Vail Term 5s 1941—-A&O Lehigh & Lake Erie— 1st 4Hs 1957 guar— M&S Basis. 34 36 H 98 _ Lehigh Valley Coal—See Ind & M Lehigh Valley Ry of New York 1st 4Hs gold 1940 J&J Montour RR 1910 ext at 5% to 1940 Midland Valley—5s 1943 Adj M Apr 1 '53 ser A Series B Millen & Southw 5s 1955 Milwaukee & Northern— Plain 1961 Eq tr 4H« 1932-'42 (yr)—A&O Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954 F&A Lehigh Valley— 1st 6s ext gold 4s 1948 J&D Con M 6s ann Irred J&D Oon M 4Ha ann irred J&D Gen cons gold 4s 2003 M&N Gen con gold 4Hs 2003—M&N Gen con gold 5s 2003 M&N Consol gold 3Hs 2002 M&S Monongahela Sou 5s 1955--A&O Mont Cent 1st g 6s 1937——J&J 1st guar gold 5s 1937 J&J Morgantown & Klngwood— 1st mtge 5s 1935 J&J Morris & Essex 3 Ha 2000 J&D Constr'n 5s 1955 ser A.__M&N 47 93 35 Kansas Oklahoma & J&J J&J J&D 7 M&S Mont Wyo & So 5s 1939 66 54 93 1990—F&A f 1st M gold 5s 1945 Gen mtge gold 5s 1954 75 73 H M&N M&N f RR 4% franc bonds (Foreign series) 1960 39 H 74 -68 M&S Assented ' 43 guar——A&O Is 1934 M&S Income 5s Mar 1934 23 65 1942-M&N - • 1940—-J&J Ter 5s 1948--A&O 1990 20 Ind_1957J&JlO 1951-M&S M&N Midi Midland 83 Kal & W Pig n g 6s Kana & Mich 1st 4s 21 L 4s 1940--J&J 6« 1933 "6" xM&S b 20 1st g 3Hs J L & Sag 1st gold 3Hs 1952 Middlesex Val 1st 5s M&S Eq 4Hs "33-'41 O (yr)„J&J15 b Eq tr 5s 1932-"38 (s-a) M&S Eq tr 5s 1933-'39 (year) J&J b Montgom Div g 5s 1947--F&A Moh & Mai 4s 1991 M&8 J&J 2d M adj inc 6s 1933 95 Eq tr 6s 1933-35 1st mtge M Air 1st g 4s Jol & N J&J 4s 1945 Secured 5s 1938--. 80 Michigan Central— Ref & Impt 4Hs 1979 ser CL J&J 1st 5s Kal &S H 1939-1.-M&N VA lien 5s 1945--J&J Mob & Ohio, gen 4s 1938 Ref & Impt 4Hs 1977 Middletown & Unionville— Joplin Union Station— 1st g 4Hs 1940 guar op__M&N k K A & Gr R 1st 5s 1938 J&J Kan i Gen M g 100H 100 International— Prior lien 4Hs 1947 M&S If 1st con gold 4s 1977 M&S / Asst (cash warr & coup) Sept 1 1914 coupon on Sept 1 1914 coupon off Mexican North 1st 6s 1930-J&D / 2 62 M&N 4% Mexican Clearfleld- lst g 48 1959 guar.. Kanawha Br & i • 3d 7s ext co July 1938 at Mob & Btrm pr Small 70 Small Union Station Co— 1st g gu 5s Nov 1 1959—M&N Meridian Term 4s '55 guar_M&N 65 Jacksonv Galnesv & Gulf— 1st ra 6s 1951 - 3H 7 2fi I M&S f 1951 8% 30H f Certificates of deposit 1st & refg 4s Ctf of dep 3 18 X 18 X 9% Internat Rys (Central 1st M 5s 1972 opt — 19H 2 % 13 H 13 H 87H 100 Memphis Internat-Great North Ry— 9% 9% Eq 0Hs 1933-'30 (year)__F&A Eq tr 6s '33-'35 (year)—J&J 15 72 100 it* 51H 75 X 9 9 78 L & N Term 1st g 55 7 6 9% 98 95 4s '52 gu J&D f Macon Dub & Sav 5s 1947—J&J 40 Macon Terminal 5s 1965 J&J 51 Mahon O RR 1st 5s 1934—J&J Maine Central— 1st & ref 4Hs 1935 J&D 1st & ref 5s Dec 1935 J&D 1st & ref 6s Dec 1935 J&D Manila RR Sou Lines 4s'39-M&N 4s 1939 ext to 1959 ' 85 X Philippine Govt gu M&N Sinking fund g 7s 1937--M&N Manitoba S W Col 5s 1934—J&D 85 ManitowGB&NW3Hs'41. J&J Md Del & Va 5s 1955 gu F&A / 72 H Maryland & Pa 1st g 4s '51-M&S Mason City & Ft Dodge— ; 1st M gold 4s 1955 J&D / 30 H 1953---J&J 1951.-F&A St Louis Div 3Ha 8 1951—J&J St Louis Div 3s g 1951 J&J Sp'field Div ext 3348 1951 J&J Western lines g 4s 1951 F&A Id Blm & W ext 4s 1940 A&O Louisv Div 3Ha g Omaha Div 1st 3s g 70 Nashville— gold 4s, 1952 . )M&S 95 50-year gold 5s 1937——M&N Unified gold 4s 1940 J&J 1st & ref 5Hs 2003 ser A„A&O 1st & ref 5s 2003 ser B A&O 1st & ref 4Hs 2003 ser C—A&O 5s 1941 A-0 Eq tr 4H8 1932-37 (year).J&D Equip 6Hs 1933-36 (year) M&S Eq tr 6s 33- 35 (yr) J&J15 Atl K & Cln Div 4s 1955- -M&N Pad & Mem Div 1st 4s '40-F&A S E & St L Div 6s 1971-M&S 2d mtge 3s 1980 M&S Mob & Mont 4Hs 1945—M&S Southern Ry joint Monon coll 28 Secured _ 92" Louisville Henderson & St Louis— 1st mtge gold 5s 1946 J&J Louisville & Jeffersonville Bridge Guaranteed gold 4s 1945--M&S 30 55 Oonv g 85 55M 5s 1937—-M&N Louisiana & Arkansas— 1st M 5s 1969Lousiana & North Western— 1st M gold 5s 1935———-A&O 25 Col tr L NO & T g 4s F&A 5Hs 1949 ser A—M&N 5H8 1932-1950—J&D 1st & ref 5s 1981 ser I 99 H L I City & F con If:::: Coll trust • 82" 70 62 62 J&J 1st gold 3Ha 1951 Main L ext 1st g 3Hs Montauk Ext 5s 1945 J&J North Shore Branch— 1st cons 5s g Oct 1 1932—Q-J 22H 22 X 22H M&N 1980 ser H—A&O 1st & ref 5b 70 75 87 gold 4s 1938 J&D 4s gold 1932-—J&D Debenture gold 5s 1934—-J&D Debenture gold 5s 1937-M&N Equip tr 5s 1932-39 (yr)—A&O Equip tr 6s 1932 (yr) F&A Gen mtge Mo Pacific RR (Concluded) 1st & ref 58 1978 ser G 80 85 88 Bid. Bonds Ask. Bid. Lehigh & N Y 1st 4s 1945—M&S &Mlsc. Lehigh & Wilkes-B Coal—See Ind 61 Lex & East 1st 5s 1965—-—A&O 65 Litchfield & Mad 1st 5s 34-M&N 95 Little Miami guar 4s 1902—M&N Little Rock & Hot Spr West Ry— 90 50 1st gold 4s 1939 guar——J&J 99 % 93 Long Dock 6s con g 1935—-A&O W* 100 Long Island—Unified g 4s 49M&S 70 Refunding g gu 4s 1949—-M&S Cumb & Bedford M&N Houston Belt & Term 5s '37-J&J 1st M g 4s Housatonic lnooma and defaulted bonds. except where marked "f" and Bonds Ask. Bid, Bonds. "and Interest" 45 8% 8% 68 H s Sale Drice. ?S 70 RAILROAD BONDS HOTIO*.— All oond Bonds Bid New York Ontario & Western— Ref 1st g 4s June 1992 M&8 , Registered $5,0)00only_ nly Gen Mg 4s 1955 red J&D YPa&Opl4^i 1935.-M&S N Y Phil & Nor—1st g 4s '39 J&J Income 4s Jan 1 1939 M&N Stock trust ctfs 4s 1948—J&D N Y Prov & Bos 4s 1942 A&O N Y & Put 1st 4s g 1993 A&O N Y Susq & Western— _ _ refunding 6s 1937 Ask Bid. 48 4034 75 79 83 70 70 78 65 75 Gen mtge gtd 4s 1932—-A&O Pitts Oin Chic & St 1834 19 85 92" 75 95" Pitta Char & J&J Youghlogheny— _ Con g gu 434« ser A 1940-A&O do Ser B 1942 A&O do Ser O 1942 M&N do do Ser I 1963 4%s 31 F&A 65 4s ser 4s ser 4s ser H 1960—-F&A 334s its G 1957—M&N do 33 104 102 9234 P J 1964...MAN D 1945—M&N F 1953 J&D do , 4s do 98 do do 60 Gen M 5a ser ser 8034 50 exten 0s 1934 F&A N & W Ry 1st con 4s '90.-A&O Dlv 1st lien & gen g 4s July 1 1944 opt Jan 1 1929 J&J N & W Pocahontas 4s '41-J&D 33 Pitts & Lake Erie 20 Eq tr 634s 1932-35 (yr). Pitts McK & Y 6s 1932—. 2d 6s guar 1934 101 97 10034 10254 80 J4 71X 8034 89 M&N 5.00 4.50% A&O 5.00 Ej^tr 434s„1933-35—J&J Northeast of 8 O 6s 1933—J&J 5.00 4.50% 4.50% / / F&A / 30 1932 (yr) Eq tr 434a 1932 (yr) 86 92 Gen & ref 5s 1974 - - - l * 30 ; Interest red Nor Maine to ser 50 434 %— 10234 " 80 Norwich & Ogd & L Oh 1st g gu 4s 1948.J&J Connecting 4s 1943—M&S O Ind & W g 5s Apr 1938 Q-J Ohio Riv RR—1st g 5s 1930-J&D Gen gold 5s 1937 —A&O Old Colony RR 4s 1938 J&J 334* July 1 1932 ---J&J 1st M 534a 1944 F&A 1st M 5s 1945 series B. J&D 1st m 434s 1950 series O—J&J Ont & Que deb gu 5s perp—J&D If Ore RR & Nav cons 4s 1940. J&D Ore Short Line 1st 5s 1940--J&J 1st cons guar 5s 1940 J&J 65 66 f 1st gen 4s series A 1948 J&D 1st M 5s 1962 series B F&A 1st gen 5> 1974 series O—J&D 50 45 49 1st 434s 1977 ser D- 4934 4834 6% 6% ?! 85 58 F&A Pac of Mo 1st ex g 4s 1938—F&A 2d ext 5s gold 1938 J&J 8t L R E 1st 5s 1938 M&N Oardelet Br 1st 434* 1938-A&O Paducah & 111 1st 434s 1955.J&J Pan American 1st 5s 34 op.-J&J Paris-Lyons-Mediterranean Prov Sec deb 4s 1957 gu Prov Ter 1st g 4s gu 1956 90 63 s f 0s 1958 S f extl 7s 1958-— F&A15 M&S15 Paris-Orleans extl 534 s 1968 M&S 0% franc bonds (foreign series) red to 1950 J&D Paterson Ext 1st 5s 1950 J&D Paulista Ry 1st 7s '42serA M&S15 Pennsylvania Company— Gu tr ctfs g 4s 1952 Gu tr ctfs g 334s 1937 Gu tr ctfs g 334* 1941 Gutr ctfs g 334s 1942 Gu tr ctfs g 3 34* 1944 Sec g 4^s 1903 Pa&NYOanal M&N M&S F&A J&D J&D M&N Prov 14 20 31" 3954 Consol 4s 68 1st M g 4s 1951--—---M&N South Indiana 1st g 4s 1951 -F&A So Pacific Branch 90 65 70 Southern Pacific Co— Coll tr 4s (O P) Aug 1 49 J&D 1st 434s (Oregon Lines) A 86 60 30" 94 99 75 85 90 9434 9834 66 7 74 12 79 9134 55" 90 103 J4 104 10354 10034 104 10134 5734 5534 Eq 5s (J&J) 1932 ser J —.J&J 64.50% Eq 434s 1932-'45 (s-a) —M&N 6 5.75 Phila & R—2d 5s g 1933—A&O Imp M ext g 4s 1947—A&O ; Cons ext gold 4s 1937--M&S Term 5s g gu May 1 '41-Q-F 9834 Rensselaer & Saratoga— 6% g bds May 1 1941—M&N 80 Rich & Peters 434s 1940 A&O Richmond Term 1st 5s 1952--J&J 96" m m m 81 Rutland con 4 34s 1941 J&J St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s '51--J&J 2534 82 80 St L Peo & N W 5s 1948 Eq tr 5s 1933-38 (yr) Gen M&S 2d cons inc 4s 1990 Apr 1 Peoria & Pekln Union Ry— let g 534« 1974 series A.—F&A Peoria Ry Ter 4b '37 gu op—J&J 9034 86 85 87 89 53 55 55 61 4754 St 78 45 70 66 6934 30 3454 5.25% 5.25% 5.25% 2534 234 39 6 38 66 16 Eq tr 534s 1932-1939 (s-a) M&S b Equip tr 434s 1932-1945—J&J b 1st consol g 4s 1968------J&D St Paul East Gr Tr 434s '47—J&J St P & K O Sh 434s 1941—-F&A 68 1st consol g 4s 1933———-J&J 1st consol g 0s 1933 —J&J 1st cons red to 434s g 1933.J&J Montana ext 1st 4s 1937.J&D Pacific Ext 1st 4s £ 1940 J&J 32 1st 434s 1980 52 21 3434 8% M&S J&J 15 Perklomen 1st 5s '18 ext to '38Q-J 2d 6s 1918 ext to 1938 Q-J J&J St Paul & Duluth— 42 9% 87 9% 9% 87 Phlla & Bait Cent 4s 1951--M&N Phlla Bait & Wash 4s 1943.-M&N 8534 Gen 5a 1974 series B F&A 78 Gen M 434s 1977 aer O J&J Phila Newt & N Y 3s 1942-A&0, . Phlla & Read O & I—See Ind & M |isc. St Paul Union 8934 San Fran & San 96 1st g 5s Oct 1 1940 San Fran Term 1st 4s 93 78 Joaquin Val— A&O 1950--A&O 73 SpoK Internat 1st g 5* 1955-J&J Staten Isl Ry 434* 1943---—^J&D Stephenv N&S Tex 5s 40 op.J&J Suffolk & Car con 2d mtge inc 6s 1938 coup.M&N 1953—A&C Tampa North 1st 5« 3d op_J&J Temfakamlng & Not Ont Ry Com Deb 4s 1939-1968 T&A Tennessee Central R* — 1st m 6s 1947 ser A.__—A&O Term RR Asan (St Louis)— ; 1st gold 434" 1st consol gold 5* 1944—-F&A Gen ref s f g 4s 53 °P 10--J&J Terre Haute & Peor 5s 1942-M&S Texarkana & Ft Smith— 1939———^,^9 1st 534" 1950 guar.----F&A Texas City T er m68l 941 J &J2 6 Texas & N O con 5s 1943—-J&J Texas & Pac 1st 5s 2000----J&D 2nd Inc g 5s Dec 2000Mar Gen & ref 5s 1977 ser B -.A&O Gen & ref 5s 1979 8er O-A&O Gen & ref 5a 1980 ser D—-J&D m - 1834 8% 8% mm 8234 60 77 82 35 40 35 9 40 20 85 88" 75" 26 32 35 43 50 55 70 HH 33* 30 31 31H 6.70 6.70 6.70 6.70 6.70 6.70 6.70 6% 6% 6% 6% 6% 6% el 6.70 98 54 55 60 n* 14 17 18 1834 8.5U 8.50 8.50 1934 7.50% 7.50^ 7.50% 91 50" 52 58 285^ 21" 49 36 45"" 91 96 534 I* 10 20 93 8734 9634 90 72 U* 90 53 36 55 39 88 8234 8734 28" 39" 85 90 9234 96 90 9734 89 7434 94 27 27 81 Tex Pac-Mo Pac Term RR— J, 1st M g 534s 1964 ----M&S Tol Can Sou & D 1st 4s 50--J&J 70"" 9% 8t Mary's Div 4a g 1951—F&A Eq tr 6s 1933-1935 (yr)-J&J15 Toledo Peoria & Western RR— lstm. 6a 1952 J&J To'edo St Louis & Western— 9734 63 100 68 k Last sale. *4 8% 78" 82 85 97"" 70"" TolWalh Valley & Ohfo— 1st g gu 434s 1933 ser B—-J&J 20 85 60 78 Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946—-J&D 63 70 76 15 20 as 1 In London, n Nominal, r Sale price. , 99" 50 —— 1st gold 4s Apr 1 1950——A&O Tol Term 1st 434s '57 gu—M&N 1st g gu 4s 1942 ser O----M&S 57X ■ 65 Tol & Ohio Cent 1st 5s 1935-J&J West Dlv 1st 5s g 1935—A&O Gen gold 5s 1935————J&D Consol m 434s 1966 ser AF&A Ulster & Del cons 5s 1928—-J&D h Dollars per 1.000-franc bond, 234 2 134 .... Eq tr 5s 1932-1939———M&N Eq tr 434s 1932-42 (yr)—A&O Eq tr 4H* 1933-43 (yr)--F&A to Dec 1 *30 Int and 1570 partial redemption and $190 partial redemption / / This price Includes accrued Interest, 1334 134 134 134 f Stpd $ Basis. 1034 75 75 5s 1952—J&J - 30 Depot— 84 52 40 55 1st & ref 5s 1972. J&J Salt Lake City Un Dep & RR 1st M 5s 1938. M&N S A & Ar Pass g gu 4s 1943.J&J 93 _____ * J&D 75 , Marquette Ry— July 1956 Ser A--J&J 1st g 4s July 1956 ser B—J&J O 1334 1034 8% 8% 8% St Paul Minn & Manitoba— 1st g 5s ser 12 13 4834 1st term & unlf 5s 1952—J&J 6% 1134 Louis Southwestern— 1st g 4s 1989 —M&N 2d g Inc 4s Nov 1989 1st consol g 4s 1932 6% 6% 68 1034 9% 9% 9% 5634 75 & - (reorganized). 83 5 75 30 1st g 5s 39 55 334 Tampa & Gulf Ooast— 50 J&J 73 w 5s gu 1937———M&N 1st ref g 4s 1955 op 1910—J&J Stamped Federal Tax Southern Railway— , 1st consol gold 5s 1994—--J&J Develop & gen M g 4s 56-A&O Develop & gen 6s 1950—-A&O Develop & gen 634® 1950-.A&O Eq tr 6a *33-'35 (JT)——J&J 15 Eq tr 5s 1932-39 (s-a)----M&S Eq tr 434s Oct' 32-'3flK*-a)A&O E Tenn reorg lien 5s 1938 M&S 1st Mem Dlv g 5s 1996-—-J&J St Louis Dlv 1st g 4s 1951-J&J Aiken Br 1st g 4a 1998-—J&J 45 41 42 Eq tr 6s 1933-'34 (yr)—-J&J 15 b Eq tr 5s 1932-'37(year)—-M&S b Eq 434s 1933-"41 BB (yr)_F&A b 50 76 3 2 234 2 1936——J&J Sunbury Hazleton & W-B— 89 60 Prior lien 4s 1950 series A..J& j Prior lien 5s 1950 series B—J&J Cons In 4V4s 1978 ser A—M&S 87 84 Pere Eq tr 6b '33-'35 (yr) 2234 A&O 3t Louis-San Fran equip 5a 1932-39 (yr) A&O "Eq tr 434s 1932-39 (yr).—A&O Peor & East cons 4s 1940--A&O 45 43 Riv & Gulf Dlv 4s 1933—M&M Pennsylvania l1 ■mm — mi 1?4 Southern Pacific RR Oal— 60 St Lawr & Adirond 5s 1990--J&J 2d gold 6s 1996 5 11 Sun & Lewis 1st g 4s St Louis Iron Mt & Sou— 85 v&D -M&S .--{J&N -M&N 90" 35 18 St Johns & L Cham 5s 1944.M&S St J Gr Isl 1st g 4s 1947..-J&J 5s~i934- M&j 84 40 80 99~~ 334 5 34 234 23 ' 46 5654 99 X 9034 J&J 87 76 58 —— — 1st con g 70" / A&O M&S Rock Island-Frisco Term Ry 1st m 434s 1957 J&J Rutl Can 1st g gu 4s 1949 J&J 63 66 71 Richmond-Washington Co— Coll tr g gu 4s 1943 opt—J&D Rio Gr June 1st gu 5s 1939—J&D Rio Or So 1st g 4s 1940 J&J f 1st g 4s guar 1940 J&J f Rio Gr West 1st 4s 1939 1st coll tr 4s 1949 op R I Ar & La 434s 1934 45" % Rich Fredericksb & Potomac— Cons mtge 434s 1940 A&O Equip 0s Jan 15 '33-'35-J&J 15 Richmond & Mecklenburg— lBt g 4s Nov 1 1948 M&N _ (5T1) J&D Equip 5s 1932-1939 (yr)-M&N Equip tr 5s 1932-38 (yr)~J&g Eq tr 434s 1932-401 (yr)— J&D Eq tr 434» *32-'41 (yr) J&D Pacific Fruit Express equip 7s June 1 1932-1935 (yr)-J&D Eq 5s '33-'39 O (yr) M&S Eq 5s '32-'41 D (yr) A&O 62 5.25% 234 L 1st 6s 37A&O 40-year 434s 1968 50-year 4341s 1981 4348 1909 with war Equip 7s 1932-1935 45 64 Gen & ref 434» 1997 ser A.J&J Gen & ref 434 s 1997 ser B—J&J 77 40-yr 5a 1964 .—-M&N Con M 334s g £ 1945 J&J If Deb 434s 1970 -A&O 70 §5"" W& N A tr ctfs 4s red 105-Q-M Jer Cent g 4s '51 op '06—A&O 75 —- IQJJ Conv g" 75" Raleigh & S W 1st 4s 1930—J&J Raritan River 1st g 5s 1939--J&J Reading Company— 86 £s 1936-F&A 82 88 M&N M&S 75, 5s 1963——A&O 61" —F&A 1956 cons gu g So Pac Ooast 1st g 4s 1937—J&J Southern 111 & Mo Bridge Go— 80 Ral & Gaston 1st 5s g 1947--J&J Ral & South peon 5s 1965---J&D 85 45 Cons mtge 434* 1939 A&O Cons mtge 4s 1939 A&O Penn Ohio & Detroit RR— 1st & ref 4 34* 1977 *er A-A&O M&M M&N sterling ■tamped dollar bond do 434s g I960-F&A Gen g 4 34s 1905 J&D Gen g 5s Dec 1 1968 J&D Gen m 434s 1981 ser D A&O 15-yr 0J4s Feb 1 1936 F&A Gen 9634 77 Wore 1st 4s 1947—A&0 Cape Fear 1st 5s 1943M&S Ral & Charleston 4s 1956 F&A 80 RR— Con M 4s gold 1943 do 4s gold 1948 do 4s gold 1948 A&O -J&D & 5s 1939-A&O con 40 Ral & RR— Ext — 88" Ports Gt F & Con 434" 1937-J&D Potomac Val 1st gu 5s g 1941 J&J 98 . 634s 1948 Somerset Ry 1st & ref 4s 55-J&J 1st M 4s July 2 1950———J&J South Bound RR 1st 5s,1941 S & N Ala cons M 8 80 Portl (Me) Term gu 4s 1961-J&J Guar 5s 1961 J&J Port Reading 1st gu 6s 1941—J&J 10034 Oregon-Wash RR & Nav— 1st & ref g gu 4a *61 opt--J&J Pacific Ooast Go—See Misc Bonds Pacific Coast Terminals Ltd— s 59 Picts Young & Ash— 4934 / 12 7934 -J&J 5% to July 1 1945 Shrev Bdg & Ter 5s '55 gu„F&A Sierra Ry of California;— 1st s f 6s g Apr 12 '37. A&O 12 Sioux Oit>& Pac 334»1930—F&A West Va Ry— 15" 88 5 Shamokin Sunbury & Lewlsb g 2d 6s gold July 1 1925 ext at 96 92 Wor—434" 1947.M&S Onto 1st M Pitts & 45 • North Penna ext'd 4s 1936—M&N Gen a 3 3-10s 1953 J&J Northwestern Terminal RR— 1st M 5a 1977 / 95 85 85 -— Northern Pacific— ; Prior lien g 4s Jan 1997 Q-J Gen lien g 3s Jan 2047 Q-F r Ref & imp 434« 2047 ser A.J&J Ref & imp 6s 2047 ser B—J&J Ref & imp 4s 2047 ser O—J&J Ref & Imp 5s 2047 ser D—J&J Eq tr 434" 1932 (yr) F&A15 Eq tr 4His 1932'40 (yr)M&S15 No Pac Ter Go 1st 0s 1933--J&J No Ry of Oal 5s g gu 1938.-A&O 54 90 Stamped Certificates of deposit——— Adj mtge 5s Oct 1 1949—F&A Ref gold 4s 1959 opt——A&O Certificates of deposit--—— Seab & Roanoke 5s ext 1931-J&J Seacoast RR of N J 5s 48--A&O 83 A—M&S Seaport 5s 1935. A&O 40 93 92 98 Nor Ohio 1st gu 5s g 1945—A&O " 35 • Northern Central— ' 100 Pittsb Term RR & Ooal- "Eqtr43is * 100 9834 6% receivers' ctfs 1927 Pittsburgh & Shawmut— 1st s f g 5s 1959 P8&LE 1st g 5s 1940 • ; 5234 60 6534 _ Impt & • 90 78 E 1949-F&A ser A J&D —- J&|J Norfolk Ter 1st gu 4s 1961--M&N Norfolk & Western / / / / / 1st & cons 6s 1945 ser A—M&B / Certificates of deposit—---- / 5% secured notes 1931—-F&A f Equip tr 6s (s-a) 1932-37-F&A Eq tr 534s 1932 (s-a)—-A&O Eq tr 5s 1933-1940 (s-a)—J&J Eq tr 434s Jan 15 33-40(s-a) J&D Atlanta-Birmingham Dlv—lstg 4s May! 1933 M&S / Seab-All Florida Ry— 1st gu 6s 1935 series A —F&A f Certificates of deposit—---- / 1st gu 6s 1935 ser B——F&A / Certificates of deposit.—.— / • • " 77 ser .1970 9534 9434 7834 7834 . 31 Ask 93 Sault 8te Marie Bridge— 1st M ■ f 5s July 1 1937—J&J Sav Fia & W 1st 6s 1934 A&O 1st M g 5s 1934---------L&U Sav & States 1st g gu 5s 1953-J&J / Scioto Val & N E 1st 4s 1989 M&N Seab Air Line 1st g 4s 1950-A&O f _ J&D Louis—, Bid Bonds Santa Fe Prescott & Phoenix— 1st g 5s 1942 —-M&S Pine Creek guar 6s 1932 P B & L E con g 5s 1947 70" defaulted bonds and Ask. _ . Debenture g 4s 1932 A&O Philippine Railway— 1st p 4s 1937 s f opt gu—J&J Registered $5,000each 1st & ref g 5s '01 opt '15--F&A Norf & South 1st 5s 1941.M&N 1st gen g 5s 1954 opt and Inoome Bait— 35" 65 N Y Westchester A Bos Ry— 1st Mg4Hi 1940 guar J&J Nord Ry s f 034* 1950 A&O Norfolk & Oar 6s 1939 A&O Norfolk Southern— & . 20 M&N whsrs marked "f 4734 -J&J Term lstg 6s 1943 exoopt Bonds Phila Wllm 2d mtge 434 s 1937 F&A Gen mtge 5s g 1940———F&A • "and io'ereat »ra ... N 1st prions BONDS AND RAILROAD ■•—AH bond prloei art !'ind Interest" except Bonds and Bid. Stocks. Bait & Ohio—Common Union Pacific— 1st ry & land gr 4o g 1947—J&J lit & ref 4i June 2008 M&S lit & ref 5i June 2 2008—M&S 40-year 4Hi 1967 85 87 X b b b 6% 6% 6% -6% M&S 90 Gen lit g 3Hs Mar 1 '61.M&S Utah Fuel—See Ind & Mlac. Utah & Northern— 70 General gold 4a 1944 „ lit 7a '08 ext at 4% to *33-J&J Cong 4a 1965 aerlei A lat . gold 4 Hi 1934 opt July 1914 coupon on July 1914 I 1 1 1 J&J off coupon 1 II II M&N Vera Cruz & Pacific RR— ' 1 F&A Series B 1957 „ I 1 lit gold 4Ha 1934 assenting. Vermont Vail lst4Hs 1940--A&O f / / 1 ' - ~ - ' "'m 1H mm-mom 1H 60 70 19 24 Vlcksburg Bdge & Term Co— lit M if 6s 1958 M&S Vlcksburg Shreveport & Pacific— 50 Pr lien 6s '15 ext 5% '40—M&N Virginia Mid gen M&N 5s 1936 —M&N Va & Southwest 5s 2003 lat 88 24 5a 1958 Virginian Railway— 65 1st M gold 6s 1962 opt M&N 1st m 4H« 1962 ser B_—M&N Eq tr 4Hs 1933-1940(yr)„ J&J Eq tr 5a 1932-1938 (yr). .M&N Wabash RR—1st g 5i 1939.M&N .25 74 J&J —A&O cons g 95 b ~7% b 72 75H 6% 9 ■ 8 12H 14 18 2H 28 33 New Orleans Great North 27 27 30 New Orl Texas & Mexico New York Central RR 100 100 6K 6 10*4 50 70 6% preferred N Y & Harlem com (gu) H H :'A 2 5 100 ,, 6 40 7% preferred 6% preferred Chicago St Paul Minn & O 4 5X 3H 5H 70 40 100 100 100 100 Preferred 3H 65 42 H 86 Olnc Sandusky & Oleve pref Gin Union Term 6% pref 50 100 Oleve Cine Chicago & St L—_ 100 Preferred Washington Co Ry 1st g guar 3Hi Jan 1954 op 1924 J&J 35 77 H 83 H Wash Term Oo—3 Hi 1945-F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— lit 4 Ha 1947 F&A West Jersey & Sea Shore—» Oonaol gold 4a 1936—— J&J Cons 3H« gaeries B 1936—J&J West Maryland 4s 1952 A&C 90 65 Betterm't 72 Oonsol RRs of Cuba pref.. 87 Cripple Creek Central 38H 30 Gen mtge gold 4s 1943 A&C Income g 5s Apr 1943.—Nov ] / Western Pacific RR Corp— 41 75 70 Cuba RR preferred Delaware 7 5" Denv & Rio Gr West pref Denver & Salt Lake Detroit Hills & S W (guar) Detroit & Mackinac 64*' 69" 52H 59 K 45 Wheeling & Lake Erie RR— lat conaol gold 4s 1949. --M&S Ref M 4 Hi series A 1966.M&S Ref gold 5b aeries B 1966.M&S Eq tr 6s Jan 15 1933-35 ..J&J Wheeling Term 4s 1940 F&A White & Black River Valley— 55 51 95"" 93 27 fr 9H Wilm & Newb 4s 1947 F&A Wllm & Nor 1st 5a 1927 extended v 4 Q-F J&J 47 30 40 20 30 4 2H 35 J&J 80 Winston-Salem Southbound— 1st gold guar 4s I960 J&J Winston-Salem Terminal Oo— 1st M gold 5a 1966 A&O 70 81H 45 5 — 40 85"" 29 29H Worcester Nash & Roch—See Bo ston & Yosemite Val s f g 5s 1936—J&J { 23 Maine. ser 5Vs 5H Internal Rys (Cent Am) —.50 com Alabama & Vlcksburg 50 15 15 25 100 1 100 4J 110 1H Albany & Susquehanna (guar) 100 Alleghany Corp (t) Pref (with |30 warrants)... 100 Pref (with $40 warrants).—100 Pref without warrants $40 warrants. Allegheny & West (guar.) Atch Top & Santr, Fe— Preferred 45' .35 100 H m 100 100 100 .... 35 Bridge 1st pref... loo" 5X 40 . 30 30 40 15 25 40 7H 7 65" 4H 5H X 2H 2H 4 6H .4 d 50 llol 90"" 113 108 18 25 35 25 100 6% preferred . • 1 77 38 35 1 1 1 5 30 , 7 H 7 X 2% 100 .100 Southern Ry common Preferred Mob & Ohio stk tr ctfs X 20 50 d Sharon 4 100 10 6 16 100 (t) d 100 40 45 4 100 Southwestern of Ga (guar) Tennessee Central Ry com Convertible preferred Texas & Pacific X "H 110 50 60 "H 15" 100 85 Union Pacific—Common Preferred Valley RR (N Y) (guar) Vermont & Mass (guar) Vicksb Shrevep & Pac com 100 5 8 Lackawanna RR of N J.. 100 50 d 37 42 H 7 ---- 38 40 163 40 45 V 13 17 55 45 .100 lOo betterment stk— 50 d 100 Preferred A ~ix 1 —100 Preferred B 100 " 56 26 60 30 Warren N J (guar D L & W). 50 Western Maryland Ry com. .107 1st preferred 100 2d preferred 100 Western Pacific RR Corp 100 78" k Last sale i in London, X : t n Nominal. 1H 30 35 1H 20 1H 30 45 47 IX 4 2 IX 100 West Jersey & Sea Sh—Com. 50 d Wheeling & Lake Erie Ry 100 Prior lien stock 7 % 100 Preferred 6% 50 90 .... ...100 100 Preferred.. / Taia br»o« luciuuet* accrued Interest. 75 48 x 100 Preferred Virginian Railway eom Wabash Railway 35X 35H 155 United N J RR & Canal (gu).100 Utica Chen & Susq Val (gu)_100 60 4 6M 40 75 70 r 2H .... 30 50 d 100 ..100 100 Utica Clinton & Binghamton.100 150 , .... Tunnel RR of St Louis 3 , 75" X X 100 Southern Pacific Oo ~1H ^ 1 1 Troy & Gr'bush (guNYO).. II.. - 65" 15" 15 - 3H 2H 70 Deposit receipts 25 20H » 2l" 19 15 - 50 50 ~5H 20 8 10 75 65 100 100 . 100 6 mm — 98 60 100 4H 5H 18 ; 100 100 ..100 100 100 3 t c. 50 d 50 d 8 4H 10 100 d ' .... 50 126 Preferred 110 40 11 d Price per share, not per centj fNo par value. pref 45 40 30 40 Rutland 100 guar 50 120 45 St Louis 23 X 45 100 90 100 20 100 9H Atlantic Coast L Co of Conn. .50 d Atlantic Coast L RR com 100 Id 68"" Atlantic 1st leased lines rent tr. b Basis, d 100 15 Kansas City Southern Preferred Spec 65 45 40 100 Preferred 50 d Little Miami original guar... 50 d 23 H 44 H Atlanta & West Point Augusta & Savannah (guar)—100 d ... d 63 80 70 8 6 Preferred 100 Iowa Central 100 Joliet & Chic (guar O & A)...100 Kal Allegan & Gr Rap (gu)—-100 K O St L & Chic-—Pref (gu)—100 Lehigh Valley 100 Atlanta Birm & Coast pref Atlan & Char Air L (guar) iahts. 130 40 30 58 d 102 i (t) (f) 80 6 25 5H 20 95 Seaboard Air Line common.. com. Com vot trust ctfs 5 95 2 Saratoga & Schenectady (gu) Stk tr ctfs—See RR Securs Oo. Int & Great North Ry vtc 100 Par 80 45 75 25 6 A—100 —.100 68 70 65 65 Deposit receipts 100 1W / 63 (gu D & H)__100 50 ... Non-cumul 6% pref Leased lines (guar) :::: v H 46 100 c 5 100 —100 100 Roch & Genesee Val RR Preferred a 16 14 22 ...100 Preferred v t Illinois Central 55 6 d 30 Hartford & Conn Western. Huntingd & Broad Top pur mon 1st g 4a 1951—M&N Sup & Dul Div 4s 1936...M&N 110 50 100 100 Preferred 90 165 11 Hudson & Manhattan 12 3 88 65 8t Lnuls Southwestern... 100 d 2 87 .100 Rich Fred & Potom—Com Rome & Clint 100 par) 9H 20 1H 2H d 4% III Cent stk ctf 1952—1000 d Reading Company 50 d 1st preferred 50 d 2d preferred 50 Rensselaer & Saratoga (guar) .100 100 Preferred— Wis Cent Ry—lat M g 4s *49 J&J 1st & ref 4i 1959 .—A&O Marshfield & South East Div 57" "m Id 15 100 2nd preferred St Louis-San Francisco Ry Green Bay & Western 100 Gulf Mobile & North com....100 00 o 100 100 Dividend obligations 6% guaranteed.. 7% guaranteed 45 35 100 1st preferred X H H 50 d Pitts Youngst & Asht pref Prov & Worcester (guar) 3 2d preferred Great Northern Ry—Pref Ore certificates..... (no 85 25 70 Preferred (guar Penn RR)__ 100 d Pittsburgh & Lake Erie 50 Pittsb McK & Yough (guar)— 50 d 55 1 ...100 65 11 7H 20 d 95 50 common 3 Preferred 25 * 150 60 (gu Pa RR)-100 Plttsb & West Va 100 Georgia RR & Bank Oo (gu)..100 Georgia Southern & Florida—100 J&D • 2H 100 Wayne & Jack pref (guar). 100 Georgia & Florida com 100 1 x 2*1 15 100 100 40 ' Preferred 43 100 Preferred 5 1H 100 Preferred- 28 42 50 d 50 d Ft 2X 2*| :? Pitts Cine Chic & St Louis—.100 Pitts Ft W & Chic com (gu)__ 100 "U Erie & Kalamazoo (guar).... 50 d Erie & Pitts (guar Pa RR) 50 d Fonda Johns & Glov com 100 17 8 IX 100 Eastern Pere Marquette Ry com Preferred Pittsburgh Bess & Lake Erie 58 1st preferred :::: 2 3H — 26 115 lJi 8H 8 r d 60 d d Paterson & Ramapo 50 d Pennsylvania RR 50 u Pennroad Corp v t c......... (t) Peoria & Bureau Val (guar)—100 Phila & Trenton 2 preferred 1 x "■ Railroad Securities Oo— Preferred. 100 Duluth South Shore & Atl—.100 Preferred 100 East Penna (guar P&R) 50 d 71 X H 100 Prior preferred 9 mmm M % 100 11 25 ' » Ry 100 Adjustment preferred 100 No Carolina (guar So RR)_ -100 d Northern Cent (guar Pa RR). 50 North'n N H (guar B & M)._100 M Northern Pacific Ry 100 North RR of N J (guar Erie) .100 d Northern Securities Co stuba Peoria & 5*4 2d 61 1st g gu 4H« 1941 opt M&N Wilkes & E 1st g 5s 1942.—J&D W111& S F 1st 5s g 1938 J&D Preferred 16H 12H io5" 100 (t) d 30 10U 100 vvVi 2 Erie—Common 37 - 19 1*4 Elmira & W'import (guar)... Preferred (guar Nor Cent). 32 100 100 Passaic & Del Ext 30 5H 50 d 25 d Delaware Lack & Western 85 31 d Paterson & Hudson River.... 65 d 50 Oswego & Syrac (gu D L & W) 50 50 d —.100 32 65 110 Dayton & Mich com (guar) 50 d 22 53 Preferred (guar O H & D)_. 50 d 100 Delaware & Bound Br (guar). 100 41H Delaware & Hudson Co 100 75 W Side Belt lat g 5a 1937..M&5 W Va & Pitta 1st 4a g 1990—A&C 82 90 40 " 5 27 Ogden Mine RR (gu On N J) .100 45 Old Colony (gu NYNH&H).. 100 Id 105 Ontario & Quebec 100 50 78 755" 500 109 Phila Germ & Norria (guar) 23 lat M 5s 1946 aeries A M&t^ Eq tr 5Ha 1932-38 (yr)__J&E West Ry of Ala 1st 4Hs *58 A&O West Shore lat 4s 2361 J&.i " 30 1 d 100 North Pennsylv (gu P&R) 50 Norwich & Worcester pref—100 Preferred 35* 94* 68 2H io5 10 100 9 100 50 d 115 100 100 100 1st preferred 2d preferred Columbus & Xenla (guar) Conn & Pass Rlv pref 90 1st & ref 5Hi 1977 ser A—J&J West N Y & Penna 5s 1937. _J&J (guar Pa RR).. 50 stk (guar Pa RR) 50 Colorado & Southern 100 40 40 a 100 Oleve & Pitts v 75" Olnc New Orl & Texas Pacific. 100 Preferred 100 4 2X Alabama Tenn & Nor 3 1 I d Norfolk & Western 1H 10 5 If • 1 I * 1 — ... 7% preferred 1 *4 1*4 Preferred N Y Lack & West (guar) N Y New Haven & Hartf 40 3s .100 d 50 N Y Ontario & Western Norfolk Southern Chic R I & Pacific common...100 Ref & gen 5s 1980 ser D..A&0 Warren 1st refg 3H> 2000 F&A Wash Cent 4s Mar 1948 Q-M Wash & Colum Rlv 4s 1935—J&J Ala Great Southern com.. 1 2 8 f RAILROAD STOCKS. 2 1H 3H Chicago & North Western... 100 d N Y Chic & St Louis 65 2lH Dividend payable in London.. com 100 10H ~8" 390 d 320 _ 20 (t) d 10C Preferred 2H J&J New London Northern 25 pref-100 100 75 7H 100 100 100 Preferred O.A&C 2d 6s 1936 National Rys of Mex 1st 2d preferred 33 100 Common B—F&A Wil & Wei gen g 5s 1935 Gen mtge g 4s 1935 Nashv & Decatur (gu L & N) 65 30 50 100 pref (guar) 50 60 §5" Birm 25 Mobile & Ohio—See Southern Ry d Morris & Essex (guar) 50 Nashv Chatt & St Louis..—100 50 28 40 4H% to 1977 Gen g 6s Aug 1 1932 ~7H 100 .... 100 100 Preferred Mobile & d Preferred Chic Milw St P & Pacific— 22 Maryland & Pennsylvania..-.100 Massawippi Valley Ry 100 Michigan Central ... 100 Midland Valley com— 50 Preferred 50 Minehill & Schuyl Hav (gu)_. 50 Minneapolis & St Louis 100 Minneapolis St P & S S M—100 Preferred-100 4% leased line ctfs——-.100 Mississippi Central 100 Mo-Kan-Tex RR com—(no par) Preferred 100 Atk. Bid. d 100 Missouri Pacific com d Chic Ind & Louiav common...100 Det & Chic ext lat g 5s '41 .J&J Dea M Div 1st g 4a 1939-J&J Toledo & Chic 4s g 1941—M&S Omaha Div 1st 3Hi g *41-A&O Wabash Ry— at 20 120 100 Preferred 85 1st & ref g 5s 1940 opt J&J Wichita Union Terminal Ry— 7 29 5H 85 1st 5s 1980. J&J Wichita Falls & Northwestern— 1st 5s Jan 1939 J&J 16 55 75 ser 10H 6 — Preferred 5 15 50 60 —--—100 Maine Central.- 4H 22 75 ser 4 Chesapeake Corp (t) Chesapeake & Ohio common—25 Chicago Burl & Quincy 100 Chic & East Illinois common. 100 Preferred Eq tr 6s 1933 35 (year)_J&Jlf Eq tr 4 Hi 1932-42 (yr)—.A&O Ref&gen4H» 1978 60 117 52 H 2d gold 5i 1939 Y&A Deb mtge 6s aeries B 1939.J&J / lat lien term gold 4a 1954. J&J Ref & gen 5Hi 1975 A.-M&S Ref & gen 5s 1976 Mahoning Coal RR Pref (guar L 8 & M S) 100 d 30H 7H Canadian Pacific —25 d Preferred 100 Id 45 40 Oaro Gllnchfleld & O com 4%. 100 40 Common stamped 5% 100 28 Oatawissa RR—1st pref (guar).50 7% . Louisville & Nashville—_—100 25 Canada Southern Chicago Great West com Coal(gu) 50 (guar)—100 pref.—100 62 57 X 115. 2d pref (guar P&R) 50 Cayuga & Susq (gu D L & W). 30 Central of New Jersey 100 60 Gen 5i May 1 1941 Louisv Hend & St L 48 H --- A stamped.. 1st preferred B stamped... 1st preferred C stamped— 1st preferred D stamped-. 1st preferred E stamped— Preferred stamped Bost & Prov (guar Old Col)—100 Boston Rev Beach & Lynn—100 Brunswick Tor & RySecCo—(j Camden & Burl Oo (guar)..—.2 7M 14 Lit SchuylNavRR& Louis & Mo Rlv pref 20 —100 Prior pref. 1st preferred 77" Utica Clin & Blng 6a 1939-.J&J Vandalla RR— 50 Preferred Beech Creek (guar 64 52 b 6 10 N Y C) 60 57 Belgian Nat Rya Co 5.25% American shares partlcpref 5.25% Boston & Alb (guar N Y G)_. 100 5.25% Boston & Maine com (stpd)—100 1st preferred A unstamped. 100 5.25% 1st preferred B unstamped. 100 86 1st preferred O unstamped.100 1st preferred D unstamped-100 92 lat preferred E unstamped .100 59 4 3X Par, Stocks. Ask. Bid, 100 -—---100 Bangor Aroostook com 91 86 _ - Preferred 70 H J&J 40-year 4a 1968 J&D Ed or 4Hi a32-'38 (yr) M&N Eq 4Ha Sept 16 '32-'39-M&SK Eq tr 6i 1932-*37 (yr) M&S tfqtr 7i 1932-'36 (yr) J&D Un on Terminal Oo (Dallas)— lit g 6a 1942 opt 1922 ii&O United N J RR & Canal Co- tut.' Stocks. Ask 73 STOCKS whe^ marked "I" and Income and defaulted bonds. sSale price 40 45" y Ex- NOTICE.—All 8tooks and Bonds. bond prices are Bid, Par. Aldred Invest Tr 2 30 25 $6 preferred Deb g 5s 1953 Amer. Capital Oorp A Glass B S3 preferred $5.50 prior pref "2"" mmmim S3 convertible preferred Am Bank Stk Tr Shares American British & Oont corn.(t) 2 (t) 4 8 ..' ■m M 48 F&A 52 Five Year (t (t. Amer Elec Sec partic pf American European Secur ~ix ~2X 12 6 2X 3X 67 Preferred (with warrants) ..100 Deb 5s Feb 1 1952 without warr General American Shares class A. 50 16" 14 50 10 14 General Equities class A General Public Service com 140ths 1 it 170ths 6% preferred Amer lnsuranstocks Corp.. Amer Investors Inc com B Warrants $6 pref with »<N class A. Common class B 1 "ill Ys M 30 33 1 2 Amer & Overseas pref Amer. Util. & Gen'l Oorp A Class B v t c n 1 1 Preferred 1 X 50 1 I 11 |I COi I09 1\ "2A X 15M Warrants. I $3 preferred A Warrants * d d Aviation Sec Oorp of N E ' nil ----- (f) Bancamerica-Blair Corp Bancomlt Oorp (f) Bankers Nat Investing com A (j) Bankers Sec Oorp of Am (t) Preferred Bankinstocks Holding Corp (f) Bankstocks Oorp of Md cl A__(j) Class B ■1A IX li" 10 3 1 "4M (j) 6% \ cum pref ser A 50 fis series A 1953 with warrants Without warrants.j Cent Nat Oorp class A r. ..... 1.25 2% Century Trust Shares II.I__ Chain & Gen'l Equities Inc...... 24 Corp new. .. 75M 71 73 12 2 mm "X IX ""m '2" ■ 42 39 1 X Class B X Colonial Investors shares Commonwealth Trust Shares Continental Metropol Oorp Continental Secur Oorp com__(t) Preferred loo Debenture 5s May 1 1942 Without warrants Continental Shares Corporate Trust shares old series. "x Iv 15 35"" 40 35 •' 1956 ... l'30 Secured gold 6s 1933 Secured gold 6s 1943-........ Secured gold 5s 1933 I Secured gold 5s 1943--—.. Investment Co of Am com (t) 7% preferred 100 (t) ---- mi2;^. 7% preferred .100 Cumulative Trust Shares Deposited Bank Shares ser N Y.. Deposited Insur Shs ser A Deposited Bank Shs N Y ser A__ 60 65 Shares A 2 2X 1.75 "2M IX IX 2 5 4 O shares 1.50 D shares Eastern Utilities Investing Corp— Common A ..(f) warr Industry—Series A Series C National Warrants MAS 15 2X -m ; ' mm. m V:.. O-.'i :• ? 1.70 3 value, d Price per (stamped) Trustee sh_ 35" 1.50 4 2M 4 44 44 1942 33" §5" 10M 6s with warrants tenandoah Oorp common Convertible preferred 1952 1952 11M Southern Bona & ShareCommon A IX 1.45 Common B AX "li i$ 7% 8M (t) (t) (t) $3 preferred allot certificates.. Spencer Trask Fund Inc (t) Standard All Amer Corp... Standard Amer. Tr. shares Standard Coll Trust shares . Standard Holding Corp cl 2.25 1.90 2X 3 $5.50 preferred Deb 5s Mar 1 1937 with warr. .... "M Ex-warrents..*...*..^.... X IX T" ii" Standard Oil Trust shares A Class B 6 11 State St Invest Corp.......—- 83 86 83 83 83 86 86 F&A 16 Deb 5Ms 1939 B Common M Class B 10 Class C .—... (t) Third National 2X 6% 7*4 70 cum ft) 100 pref 1 14M IX IK 3 10 r IX 48 1M Series B ■» • Trustee Standard l"55 Util **.«» .... 1.40 "3M ~1X li "ic 2c (t) 1-70th United Bank Trust 4X 3A M U S & British Internat class A. I Class B. Preferred Deb g 5s M&N 1948 3M 2M U S Elec Light & Pow tr ctf Trust ctfs ser B 40c U S Elec Pow Oorp com w Warrants. 2X 3 Class B___—...—-—... North American Trust shares. A— U 10M ii 314 4M — 150 F...... 4 1.50 -- H 3X No Am Utility Securities com (f) 2 CTni versa! 50 Did Colony Invest Trust com.(t) Debenture 4 Ms Feb 1 1947 1M Nominal, s TrUfet Shares 1 Utilities Hydro & Ralls Shares— Utility Equities Corp com $5.50 priority stock.. 15 1952 Sale price, v Ear-stock dividend, x <f> Ex-dividend / i 7 48 12M 2X ...... — S Shares O 3 5 46 2 Securities com_( ( U S Overseas com with war__(t; Certificates of deposit $6 1st preferred IX 1-16 war(f) U S & Foreign 50~~ M&N North & South Amer Oorp cl A(t) 1.45 1M United Founders common. — Niagara Share Corp (Md) Conv deb 5 Ms 1950 k m 49H Shs Trust Shares of America Twentieth Century Fixed Tr Two-Year Tr shares United Insur Trust. New Jersey Bankers Securities N Y Bank & Trust Shares 15 2A 2X United Fixed Shares 4M 2% ,1M 1.20 Class D 20 3 "X VA 2M 1.25 Trustee Standard Oil shares A— .... Tx 35 ~2M Trusteed Amer. Bank shares Series A... Trustee Stand Invest ser C Tm 2M 33 Warrants Trusteed NYC Bank shares 11M Bi~" 3X — Class D..--_. Investors Tri-Contlneotal Corp — 4 65 X 65X 2X 2M (t) 50 Super Corp of Amer class A 1M 5 3X 2X — $1.20 preferred $3 cum conv 1st pf 86 3 51 2X Sterling Sec com A..-._-..-.(t) 100 n 3M A— Standard Investing Corp com 3M Northern Securities— 2" 80 M .50 — "4M 2.30 (t) (t) 5s Nationwide Sec Co tr ctf B k Last sale, 26 2 Selected Management Shawmut Association National Re-in vesting Corp Nat'l Short Term Sec com A__(t) share, not per cent, 21M 3X 4Ms ft) «• 16 JX 1.40 "X 10 Investors 13* ""M 1:\r- sx 22" ( Shawmut Bank Inv Trust 1% Low-Priced Shares Debenture 4Ms Dec par 1M 1M IX IX —.— "x .. Allotment ctfs 37 66 B........ 13 4.93 (+) $5.50 prior stock (t) Allotment ctfs (unstamped) .50 4 3 1 1.20 4.68 Corp General com__( Selected Amer shares.. Selective Cumulative Shares Selected Income Shares Selected Industries com 10 mm mm National Trust Shares.. 70 B shares.. | M (f) warr.. Preferred X 63 8 Deb 5s 1954 with Deb 5s ser B 1948 with Without warrants Series 50 $6 preferred 10 Invest Trust Associates com..(t) Investors Equity common Debenture 5s series A 1947 Mutual Management com Nat Industries Shares 1.40 1.25 6 til versified Trustee Securities —J&D Mutual Investment Trust .10 t No 100 100 Major Shares Corp com Orum & Forster Insursh B .. 0M % preferred 6% preferred Metal & Mining Shares com_.(t) Mohawk Investing Corp 61"" „8% preferred Common Oorp unit ctfs(f) ( ' i— ( $7 first preferred 6 9 12* 1 com—(t) (t) 6% preferred Second Nat Inv Preferred 8 6X F&A Massachusetts Investors 1.25 Credit Alliance class A 5 Ms 1938 Orurn & Forster Inc 2'bo 100 100 Accumulative series Corporation Secur Co of Chicago Common ft) 6)1 10 Deb g 6s 1940 B with war..J&J Leaders of .... (+) AA.................... 4 (t) Investors Trustee Shares 30 Preferred B Convertible preferred 6% preferred units Royalties Management A Second Int Sec Oorp A Bcom 10" "x Ctfs Investment Trust of N Y coll A__ _ - Preferred Chelsea Exchange Oorp cl A * 10 Invest Fund ofN J Chain Store Invest » Internat Securities Tr of Amer— 71 6M% pref Preferred Chartered Investors a1 1 (t) Debenture 5s 1947 9M M Class B 5 Int Sec Corp of Am com A_.._(+) Common B (t) .75 2X M — ... "E" 27 25 Indus & Power Securities Oo..( Insuranshares Co. of Delaware—1 Insuranshares Preferred Representative Trust Shs M Deb g 5s Jan 1949 "3M ( (t) »•: 1 (t) $6 pref 2d ser with warr ff $5.50 pr pref without warr_.(f. 1H Beacon Participations Inc A British Type Investors ors ioncl Capital Administration cl A Class B 1 0* 1 com Research Invest common. Insull Utility Invest com .— 50 ..... 1 1 preferred Insuranshares & Gen Mgnt Insurance Securities Co 10 Preferred Bansicilla Corp.... Basic Industry Shares I 1H 100 1 Illuminating Shares class A Incorporated Investors (t) Incorporated Investors EquitiesIndependence Trust Shares ._.( •.... . 45 2 "5" 20 d 14 25 (t) com A(t) Common B ..............(t) 2M 2X |3 units.: Gude Wlnmill Oorp Huron Holding Corp Hydro Elec Sec com 5% preferred class B T" .... 2M mi (t) Warrants Reliance Internat Corp $6 units 24 (t) common Guardian Investors 2X ................. Public Service Tr shs ser A X Convertible preferred Debenture 5s series A 1948 Scrip 12 (t) (t) IX Light Securities Trust(t) $3 preferred 12 90 Preferred S7 15, Units com... German Credit & Invest. Pref. allot, ctf. 25% 1st pref— Globe Underwriters Exchange_(f) — ■ (f) w (t) warr Preferred. .......... Guardian Investment Associated Stand. Oil 8hs Atlantic & Pac Int com w w._(t) Preferred Atlas Utilities Power & Public Utility Holding com w w(t) Common without warrants. (t> 4X 3X (t) Granger Trading Corp.. Greenway Oorp com........--10 (t) .... "2" jM 1 $6 first preferred (t) Gen'l Realty & Utiities com.-(t) 1 1 • BX 1st p.. 100 CD Deb 5s 1948 without warr—J&J Petroleum Trading Oorp A — Phoenix Sec Oorp. Preferred- ... 64 J&J Warrants..., Atlantic Securities w__.(t) 9 7X Power & Rail Trustee shares Warrants., i Fundamental Trust shares A Class B (t) General American Investors-_ (T) . (t) 6% preferred 7% preferred Convertible preferred w w 3M - Colony Trust Associates— serial trust shares...(t) Warrants Series B. Amer Founders Corp common Preferred 10X Fixed Fourth Nat'l Investors . f 5s 1958 ser A com 1.85 .0* — (t) _ Amer & Gen Sec Old Overseas Securities Trust shares— Fixed Trust Oil Shares. Fixed Trust Shares series A 100 Ask. Pacific Investing Oorp Second preferred 10 com Bid. Per 1st 1.55 Preferred .. v X Units Equity Trust Shares A Federated Capital Oorp Par Oil Shares units "Ji Preferred Elec Shareholdings Oorp com_(t) ♦6 conv pref with warr (t) E quitable Inv common .... . -—- 10 First Invest Co of N H pref A(t) American & Continental Oorp 5s 1943 Amer. Oomposlt Trust Shares—- s Equity Oorp com.^.........— Stamped Stocks and Bonds. Financial Investing N Y Amer Cities Pow & Lt cl A Class B rOolI tr Ask. share. Preferred "2% ~2K __ ■US; Bid. Per 2M : 4Hb 1968 All Amer Gen Corp 20 Alliance Investment Uorp (t) Allied Int Investing Oorp com_(f) Par. share 25 4Mb Dec 1967-- Stocks and Bonds. Ask. Per ABO Trust series B "and interest" except where marked "t" and income and defaulted bonds. , 36— Utilities Public (Includes street and electric railways, gas, fOTIOl.—All bond Bonds. Adriatic Electric Oo Extl ■ f 7s 1952 prloss Bid ars 1st mtge 73 95 93 85 88 1st & ref 434s 1967 J&D 1st & ref 5s 1968M&S Alabama Water Service Oo— 70 72 78 1st M 6s 1957 ser A J&J Albany Ry—See United Trac. All eg Bellev & P—See Phlla Oo Allegheny Gas Oorp 6 34s'43 M&N Alton & St L Bridge 7s 1947 M&N 56 Oon g 434s 1933 gu /y- 5^: 60 10 33 36 15 A&O 60 20 70 Elec Ry— F&A 15 18 30 Deb 7s 1942Alton Water 5s 1956 Altoona & Logan Val 75 Amer Commonwealths Power— Deb g 6s 1952 ser A Deb g 634" 1953 F&A M&N Oonv deb 6s 1940 Amer Community Power— ■ -1 134 M&S k Deb 534s 1953 J&J Amer Elec Pow deb 6s '57 M&S 16 3 3 134 "lU 5 19 20 20 23 Amer G & E deb 5s 2028—M&N Power Oo— 6434 65; M&N Secured deb 6s 1939 J&D American Natural Gas Oorp— > Deb 634s 1942 with war._A&0 Am Pow & L deb 6s 2016 M&S 13 15 15 16 Amer & Foreign Power Oo— Deb i g M&S 5s 2030 Amer Gas & Sec deb 5s 1953 134 2 40 4134 48 51 29 32 9934 9934 9934 Amer States Public Serv— M&N J&D 1st 1 534s 1948 ser A Deb 6s 1938 Amer Telep & Tel eg— Oonv g 4s "36 conv aft "09-M&S J&D J&J Ooll trust 5s 1946-- Deb s f 5s 1960 93 9934 9334 10034 Deb 534o Nov 1 1943—M&N Oonv deb 434* 1939 J&J 100 9634 98 F&A 93 9334 J&D 20 M&N 5 14 A&O Deb 6s 1975 Ser A M&N Deb 5s 1975 ser B J&D Annap & Chesapeake Bay Pow— 1st 6s 1948 J&D 70 75 48 51 40; 1st lien & ref 6s 1945 Deb 634s 1941 Amer W W & El 5s 1934 25 Androscoggin Elec 1st 5s *34 A&O Androscoggin Water Power— 1st 6s 1945 F&A Appalachian Elec Power— 1st & ref 5s 1956- M&N Appalachian Power 5s 1941 J&D 7% gold bonds 1936 F&A Deb gold 6s 2024 J&J 100 70 2734 deb 6s 1945 ser A.-M&S Oonv deb 6s 1945 ser B—M&S 61 Ardmore St 3 1948—J&J Arizona Pow 6s "33 opt "13-M&N 1st 1 & unif 6s 1947 ser A_ M&N Ark & Mo Pow 1st 6s 1953—J&J J&J 25 77 warM&S Oonv deb 434s 1949 Cons ref deb 5s 1968 ' Oonv deb 5s 1950 Conv 534a > 46 50 55 Bklyn-Manhattan J&J m 5s ser E 1952 634% notes 1932 F&A Brooklyn Rap Trans 5s 1945 A&O 35 2134 1734 f 6s 1968 ser A s 3734 20 ...J&J Transit Oorp Gen 20~~ Equit Trust ctfs of deposit 1st ref gold 4s 2002 J&J 3-year 7% notes 1921 J&J : Cent Un Tr temp ctfs dep. Temp ctfs dep stamped Bklyn Bath & WE5s '33—A&O Brooklyn Queens Oo & Sub— 1st m g 5s 1941 (stpd)__J&J 1st con 5s July *41(stp)M&N Bklyn Un Elev 5s 1950---F&A Stamped guaranteed Kings Oo El 1st 4s 1949--F&A Stamped guaranteed Nassau Elec 1st 5s 1944A&O 1st gold 4s Jan 1 1951-J&J Bklyn Un Gaslst cons5sg'45M&N 1st lien & ref 6s *47 Ser A.M&N Oonv deb 534s 1936 J&J - UVa 1834 19 M&N 18 J&J M&N 27 26 - RR. ^ 8234 1 I 9934 101 9934 74 56 Cent Pow & Lt 1st 5s 1956—F&A Cent Pub Serv 51 52 Central States Elec Corp— Oonv deb 6s 194 8.- M&S 85 Telep Utll deb 5s 1942A&0 19 1st M 5s 1965 Oonv deb 6s 1941 Oonv deb 534s M&S 30 1944 ser O.M&N 19 A&O 26 2-yr 6% notes 1933 Associated Telep & Teleg Go— Deb 534s 1955 ser A ,_M&N Atchison Ry. Light & Power— 29 34 1935 —M&N Athens (Ga) Ry & Electric— 1st & ref s f g 5s "50 opt '15 J&J Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947 J&D 434% notes Mar 15 1933.M&S Atlanta Nor Ry—See Ga Ry & El Atlanta Wat, El & Pr 5s 1943 J&J Atlantic Ave RR—See Bkn R T. Atlantic Olty El 5s 1938—M&S 1st & ref 5 34" 1954 M&N 1st & ref 5s 1956 A&O Atlantic City (N J) Gas— 1st g 5s Jan 1 1960 opt "20-J&J Atlantic Oo Wat 5s '58—-AM&S Atlantic Pub Serv Oorp— 1st lien 534» 1953 ser A—-F&A Deb 6s 1943 F&A Aurora Elgin & Ohicago RR— 1st & ref g 5s 1946 opt.——J&J A E & O Ry 1st g 5s "41 A&O 15 Bait & Ann S L—See Md El Ry B Sp Pt & Ohes—See Un Ry & El 6434 66" 9934 95 91 89 78 18 23 23 102 100 94 98 95 96 92 k Last sale, n Nominal, r 18 90 80 75 10134 M&S 68 J&J 1st 434« 1958 series A Chic Aurora & Elgin RR— 1st & ref 6s 1951 2 Chicago Oity & Connecting Ry 0011 tr 6 f g 5s Jan 1 1927. A&O Certificates of deposit s 6 3934 3734 5i 68 8 J&J 4 A&O 5 6% notes 1932A&O Ohicago Railways Co— 1st M gold 5s 1927 opt.F&A Ctfs of deposit Cons M 5s ser A Feb *27--A&O 4 ser A 1st & ref 534s 1956 3934 38 1034 9 Certificates of deposit Series B Feb 1927 —J&D Certificates of deposit— Pur 5 434, 6 4-5s Feb '27 oDt_J&J Certificates of deposit mon 5 2 Adj inc 4s Feb 1927 opt—May Certificates of doposit Ohicago Rapid Transit Oo— 1st & ref 634s 1944 J&J 2 7 101 1st & ref 6s 1953 ser A ' Certificate of deposit.- Chippewa Power 6s 1947—_J&D Chris & 10th Sts RR—See NYRys Cicero Gas gen & 9234 94 9434 92 73 6 J&J Adjust deb 6s July 1963— 94 99 — 1st M rehab g 5s '27 op '12F&A / f Certificates of deposit.. .. C Ohes & Pot Tel of Va 5s *43-M&N Chester Water Service Co— 103 1st & ref 534s 1960 ser B—J&J Oalumet & South Ohicago Ry— Series Chattanooga Ry & Light— 1st & ref g 5s 1956 op T6..M&N Chatt Rys 1st cons 5s '56-M&N 103 101 Oallf Telep & Lt 1st 5a 1943-A&O '^alif Water Service 5s 1958.A&O Oalumet Gas & Elec Oo— Series B ' 103 Burlington (la) Ry & Light— 88 1st s f gold 5s 1932 opt—M&8 68 Butler Water 5s 1957 A—A&O 96 Butte El&P 1st s f 5s *32-'51 J&D California Electric Generating— 98 1st s f g 5s '48 op aft '12—M&S Calgary Power 1st 5s 1960--A&O * T California Gas & Elec Oorp— 100 Gen & col tr a f g 5s 1933-M&S Unif & ref g 6s '37 op s f—M&N 10134 California-Oregon Power— / This price includes accrued interest 9134 102 1st & ref 6s 1942 ser B J&J 1st & ref 5 34s 1955 series O F&A Deb gold 634s 1942 A&O 7 Oorp— 85 140 9034 30 23 40 Buff Gen Elec 1st 5s 1939—F&A 1st ref 5s April 1 1939 J&J 1st gold 5s 1942 F&A Buffalo Ry—See Internat Ry— Burlington (Vt) G L 5s 1955.J&J 29 18 10434 10734 Buff & Niag Falls El L & Power— 60 m b Basis. 106 20 82 1st & ref 6s 1955 Gen & ref 5s 1956 ser A„F&A Gen & ref 434s 1981——F&A * Traction—See Un Ry & El Bangor Hydro Elec 534> "49-M&S 1st lien & ref 5s 1955 Bangor Ry & El 1st 5s "35—J&J Deb 5s 1950 J&D Brownsville Ave—8ee Phlla Oo. Brush Elec Oo 5s 1952 A&O Buff & Erie Ry 1st 6 34s 1954. J&J 95 1st 5s Nov Bait , 26 19 19 A&O 55 102 6 1734 J&J Deb 534s 1954 with war M&816 States Pow & Lt Corp— 1st M & 1st lien 534s 1953- J&J — Assoc 5 3 Cent 5734 | f;r 96 ref 5s 1932.J&J Cincinnati Gas & Electric— 1st M 4s 1968 series A A&O Cin Newport & Gov L & T— 1st ref 6s 1947 series A J&J : . 84 86 Cincinnati Street Ry— 1st m 5 34s Apr 15/52 ser AA&O 1st 6s 1955 ser B A&O 55" Cities Serv deb 5s Jan '66—M&S - 102" 87 55 82" A&O warr_M&N ... 21 10 15 15 15 2534 Cities Service Gas Co— 65 85" Deb g 5s Apr. 1958 Deb g 5s 1963 with Without warrant Deb 5s 1969 with warr—M&S Oonv deb 5s 1950 J&D 97 84 pipe line 534s 1942-M&N 35 Cities Service Gas Pipe Line Co— 1st M pipe line 6s 1943 J&J 51 1st M Service Power & Light— M&N Deb 534 s 1949 -J&D Citizens Gas (Indianapolis)— 1st & ref gold 5s 1942--—.J&J Cities 67 70 37 3834 3834 37 Oanadian price 55 334 Chic North Shore & Milw RR— 1st mtge gold 5s 1936 J&J — Associated Telep Oo Ltd— 95 Chic Dist Elec Generating— 1st M 434& 1970 M&S Deb 534s 1935 A&O | 78 5434 5334 Ohicago Oity Ry 1st 5s '27—F&A Certificates of deposit - 54 99 85 82 75 92 9934 75 60 97 95 96 Central West Public Service Co—: 1st 1 coll 534s 1956 ser A—M&N 95 9834 73 ser 47 42 B—J&J D—J&J Cent Vermont Public Serv 1st & ref 58 1959 ser A , Bk 50 100 ser Charleston Cons Ry Gas & El Consol gold 5s 1999 M&Sl 92 & 64 57 Cent Ohio L & P 1st 5s 1950 A&O Cent Pow 1st 5s, 1957, ser D J&J , 98 M&S -F&A Bklyn Oity & New RR—See O 1 Bklyn Oity RR 1st 5s 1941 J&J Eq tr 5s '33-'35 ser A J&J Brooklyn Edison Oo— Gen m 5s ser A 1949 J&J m 1st & gen6s 1942 1st & gen 5s 1955 ' 5s Mar 6 1938 1st 65 59 Central Traction—See Phlla Co 9934 Gen & ref 5s 1967— 98 Central States Utilities Corp— 10 yr sec 6s 1938 J&J k Brooklyn Borough Gas Oo— Utilities Oorp— 1st lien 5s 1947 ser A Deb 6a 1958 101 4234 70 J&J 15 A&O F&A 1938 Associated Pub 9434 J&J 61 Ref mtge 5s 1957 M&S Central Indiana Power Co— 1st & ref 6s 1947 ser A J&J Cent MainePr 5s *39 op *19 M&N 86 Broad River Power Oo— Oonv deb 6s 1999 Oonv deb 434s '48 with Without warrants. 9634 72 90 36 88 83 Bronx G & E 5s 1960 13 100 Oonv deb 5348 '49 with war F&A Without warrants Central Ry—See Un Ry&El (Bait) 94 30 80 34 84 87 M&N Bway & 7th AveRR—See NY Rys Bway Surface RR—See N Y Rys 27 25 F&A Oorp— 70 Ashland (Wis) 88 85 80 — 60 93 90 Arkansas Western Gas Oo— L & Pow St Ry. 1st M gold 5s 1939--J&J Ashtabula Water 5s *56 —A&O Assoc Elect 434s 1953 J&J 5s Jan 11961 J&J Associated Gas & Elec Oo— Oonv deb 534® 1977 -F&A 97"" 82 1st & ref 5s 1954 Ser A—M&S 3-yr 534% notes 1933 1st & gen 434s 1957 ser E.J&D 1st & gen 534s 1961 ser F__J&D 40 88 10-yr s f 634s 1934 10334 1st & ref 5s 1968 ser G M&N 1st & ref 4348 1981 ser H Cent Indiana Gas— 9534 J&J 72 1st 78 1939 with warr 95 95 British Ool Tel 5s 1960 25 Arkansaw Water 1st 5s 1956-A&0 10134 2 I 3834 71 85 21 40 20 1 94 4s Aug 1 1932 Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953 M&N 96 3634 81 98" 6 M&N 634? 1935—^ 59 9634 40 38 72 92 Bridgeport Gas Lt 4s 1952 75 48 1st & ref 5s 1956 ser E—M&N 1st mtge 434s 1967 ser F..J&D M&S 7s Sept 1947 334 9434 80 M&N 1944 8534 Cent Ills Elec & Gas Co— 1st & ref 5s 1951 _F&A Cent 111 Light 1st & ref 5s '43A&0 Central Illinois Public Service— -«•«. M&S F&A March 61 Cent Hud Gas & Elec Corp— 1st & ref 5s Jan 1957 M&S 26 M&N May 1936 5s 63 5 _ 101 Deb g 434a Nov 1 1941—M&N Deb g 5s Dec 1942_ J&D 101 30 23 35 M&N Blue Lakes Wat 1st 6s "38--M&S Boston Oon Gas deb 5s '47—F&A Boston Elev Ry 4s 1935—M&N Deb g 434a Oct 1 1937 A&O 1st & ref 5s 1940 M&N First lien coll trust 6s *46-M&S First lien coll tr 534» *46--J&D 24 — 10134 Arkansas P & L 1st 5s 1956-A&0 Deb 634? 1959—F&A 1934 Apr 1 1955 A&O Berlin Elec Elev & Underg Rys— 25 1st mtge s f 634* 1956 A&O Blnghamton (N Y) Gas Works 96 1st 5s 1938 A&O Blnghamton (N Y) L H & P77 1st ref 5s Feb 1946 A&O Birmingham Elec Oo— 70 1st & ref 434s 1968 -M&S 53 Birmingham Gas 1st 5s '59 -M&N 434% notes Oct 1 1932--—— Birmingham Water Works Co— 92 1st m 534« 1954 ser A A&O 80 1st m 5s 1954 ser B J&D 81 1st mtge 5s 1957 ser O F&A 10034 Blackstone Val G & E 5s "39-J&J 93 Mtge & col tr 5s "51 ser A-A&O Mtge & col tr 5s *52 sot B.A& J k Bleecker St&FulFy—See NY Rys Bloomington Dec & Champagne Ry—See Phlla Oo. Arizona Edison 1st 5s 96 Deb 6s 58 Cent Ark Pub Serv Oorp— 1st 1 & coll tr 5s 1948 ser A F&A Cent Orosst'n RR—See N Y Rys. Cent Dist Telep 1st 5s *43--J&D Central Gas & Electric Oo— 72 26 21 Sink fund deb Appalachian Gas Oorp— Oonv 10234 1O034 ----A&O 1951—J&D 5s 78 8634 8634 8634 Bellows West End St 5s 1932 52 I-I 1st g 5s 1937 ——M&S Falls Hydro-Elec Oorp— 97 54 Capital Traction (Wash, D C)— 1st g 5s June 1 1947 J&D Oarbondale Ry 5s Nov 1933.-J&J Oarolina-Ga Service Co— 634 % notes '32 with warr J&D Carolina Mt Power 6s 1935-J&D Carolina P & List 5s 1956—A&O Cedar Rap Mfg & P 6s *53—J&J Central Arizona Light & Pow Co 1st mtge 5s 1960 J&D 25 93 84 77 X 99 75 f; 94 47 90 95 Canton Elec Co 5s 1937... 85 — 1st mtge 5s 1958 Berlin Oity Elect 634s Bid. Bonds. Oamden & Sub Ry—See P S Oorp Canada Nor Pow coll 5s '53-M&N Oanadian L & P 5s '49 op '14 J&J Oanal&Claib RR—See NO Ry&L Oanton-Akron Con Ry 5s *33 J&J J&D B——-F&A Hud Rlv Bdge Oo— 73 1st 7s 1953 A&O Deb 8s 1953 A&O f 55 Beauharnois Power Oorp— 20 Ooll trust s f 6s 1959 w w -A&O t eaver Va Tr gen g 5s 1953 M&N IZ1st conv m 5s 1950 A&O Bell Telephone of Canada— se 1st g 5s 1955 ser A -M&S 86 1st g 5s 1957 ser B—-— 86 • 1st mtge 5s 1960 ser O—M&N Bell Telep Oo of Pennsylvania— 10034 1st & ref 5s 1948 ser B .J&J 100 1st & ref 5s 1960 ser O—-A&O Beloit Water, Gas & Elec Oo— Ana & Pot R RR—See W Ry&El 81 Ask. Mt Bear 45 35-yr deb 5s 1965 American Utilities Oo— Bid. Oo— 534? 1954- 1st M 5s 1959 ser 97 90 wbers marked "f" and Income and defaulted bonds. Bonds. Rouge Electric Baton (Italy)— A&O power, water, telegraph, telephone and bridge companies/ "and Interest" except Ask Alabama Power 1st 5s 1946 -M&S 1st & ref 5s 1951 J&J 1st & ref 5s 1956 M&N electric Deb 534s 1952 - s Sale price. 33 37 87 < 76 PUBLIC UTILITY BONDS NOTICE.—All bond prion are ''and Interest" oxoopl wbsn marked "f" and Inoomo and defaulted Bonds Bid. Citizens L H & P (Jobnit'n, Pa) 1st g 5s 1934 opt 1914—M&N Citizens St Ry—See Ind Tr & Ter Citizens Tract—See Phila Co 1st M 6s 1954 10034 Olev El 111 1st Gen M 5s 1954series Gen M 5s 1961 series 87 84;... . 10331 103 A—M&N B—-A&O i IOO lO '86" g 5s •Y 70 6234 6034 1930———J&J 77 82 — — 79341 * P \ 60 1st & ref 5s 1951- Cony deb 6s 1938 M&N Commonwealth Wat 534s A 1947 1st M 5s 1956 ser B F&A 1st mtge 5s 1957 ser 0...F&A 92 80 : 98 87 ; 98 80 9834 1st m 74 1st 26 22 2334 30 35" 109 94 99 94" 50 1st m s f 5s 1948 series A.A&O Eastern Mass Street Ry Co— m 60 97 96 12) 1) in 10iX 72 9834 89 100 88 & P. 1734 23 2434 4934 7 26 26 75 9934 9134 90 * 57 32 15 101 92 Cooper RlvBri'ge l nc 1 st6s'58M&N Copenhagen Telephone Co— 20 100 5 10 - 27 7 65 70 90 48 3634 38 70 80 F&A 1950. __J&J 12 9734 94 F&A 15 96 534s 1942—M&N Grt West Pow Co 5s 1946.J&J Bay Gas & Elec Co— M&N 95 97 1st & ref 5s 1935— Mountain Power Corp— F&A A 95 6134 „.A&0 84 93 Greenwich Wat 4 34s *57 ser A J&J Greenwich Wat & Gas System— ser , 80 66 Col tr 5s 1952 ser B A&O Guanajuato Power & Elec— 1932 A&O A&O 63 67 —A&O 35 3634 Gulf Power 1st 5s 1968 Gulf Public Service Co— 101 97 10034 1st m 6s 1945 Gulf States Utilities Co— 1st M & ref 5s 1956 ser A.M&S 63 64 1st M & ref 434s 1961 B...J&D Hackensack Wat 4s '52 op '12J&J 9734 98 A&O A&O A&O 63 8434 86 84 87 Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935 M&N k Hamburg (Germany) Elev Under¬ ground & St Rys 534s '38 J&D Harrisburg Gas 5s 1970 M&N Havana Elec Ry, Light & Power 17 2234 22 3334 Gen M 5s 1954 series A...M&S Havana Elec Ry 5s 1952..F&A 2434 9934 10134 18" 22 24 22 24 22 Helena Gas & Elec 1st 6s '52M&S 85 Heat Man & Fair Pass Ry—See P hURT 13 13 30 Home Telep & Teleg(LosAngeles. —J&D —A&O 8 Deb g 534? 1951 Oal) 1st 5s 1933. 334 y;Y M&S 1st M g 5s / Serv Corp. 100 ■9934 Houston El Co 1st 6s '35.—J&D 62" Empire District Elec Co— 48 100 25 30 35 2034 Gulf Gas— 1st M & col 08 1943 ser A..A&O Deb 034s 1943 with war..A&O 23 Houston 1st m 5s 50 m 9834 May 15 '36-M&N 15 Houston Gas & Fuel 5s 1932 M&S 79 5 . 98 98 J&J 1st refunding 5s 1945 J&J Home Tel & Tel of Spokane— 5 Public M&S k 34 16" __ 20 8 J&D / 60 Gen&ref5sJunel5'77 A..J&D16 Electric P & L Deb 6s2030_F&A k Electric Public Service Co— 18 98 1st lien & ref 434s 1981 ser E Houston Natural Gas Corp — . Y 24 90 74 Sous Home Telep 5s 1935..M&S Houston Lt & Pow 1st 5s *53 M&S 1st lien & ref 4 34 s '78 ser D M&N 92" 73 76 77 1952—J&D 80 83 40 Empire Gas & Elec and Empin Coke Jt lst&ref 5s *41 opt.M&S Empire Public Service Corp— coll 6s 43 with warr. J&D Hudson Co Gas 5s g 1949..M&N 70 75 Hunt'g'n Wat 1st M 6s '54 AM&S 90 95 M&S 80 85 1 3 Gen & ref 6s ser A 35 47 Col tr 5s 1952 Empire Gas & Electric Co— 30 30 7 1st mtge 5s 1948 60" 98 4 Green 88 1950 ser A —J&D El Paso Nat Gas 1st 6 34s '43-J&D Deb 034s 1938 J&D k 95 25 Great West Power Co of Calif— Green 100 Corp (Germany)— 1st s f 634s 1950—— M&S 1st sink fund 634s 1953—A&O 9234 J&D Rapids Ry 1st 7s '39 M&N Elec Pow (Japan)— Great North Pow 5s 1935 29" M&N 1st & ref m 5s 1952 80 1st lien coll tr 78 88 7734 95 80 Co— 1st M 6s 1932-1944 M&N Great Lakes Utilities Co— 6s 1st 5s 1933 Elec & Peop—See Phila Rap Tran 101 Ry 64 47 J&J 1st. & gen 034s 26" Elmira Water. Light & RR— 1st & con g 5s 1956 —M&S El Paso El Co— 93 99 Northern 63 45 Gt Falls Pow 1st 5s '40 op„M&N Great Lakes Power. Ltd— 74 83 Ellz & Trenton RR 105 Atlanta 1st M 7s 1944 59 J&J 6 Great Cons 91 94 101 30 Grand 56 10034 24 1434 75 _ 22 20 61 62 A&O J&J 21 65 15 year sec 6s 1942 Eliz Plainf & Cent J \See 10234 20 Corp— 1334 Electric Public Utilities Co— 10134 67 80 62 M&N 1937 78 58 25 Deb 6s 6534 J&J 1st guar 58 '54 op '90 Gesfurel 6s 1953 x w —J&J C Corp— Georgetown Gas Lt 1st 5s '61 F&A Ga Row & Ips—See B & N St Ry Georgia Power 1st 5s 1967—M&S Georgia Power & Light Co 1st mtge 5s 1978 J&D Georgia Ry & Elec— Atlanta Cons St 5s 1939 J&J X 5 Sec g 6s 1941 ser A Sec g 6s 1941 per B Sec g 534s 1942 ser Deb 6s 1936 30 1st lien & col 5s 1943 ser A. J&D Conv deb 6s 1931 ser A J&D Conv deb 6s 1944 ser B..A&0 30 30 26 40 30 1st M coll tr 634 s ser A *56 A&O Conv ser 6% notes 1933—J&D 102 26 ^ J&J General Water Works 4% notes Nov 1 *32 M&N k 101 3-yr 5% note Jan 15 '33-J&J 15 k 1013 100 434 % notes Oct 1932 A&O 64 49 Lt. 92 39 Edison Elec Ilium of Boston— 24 60 3734 40 «. General Public Utilities— Economy Lt & Pow (Joliet, 111)— 1st m s f gold 5s 1956 J&D 35 ,i 56 39 East Palm & Beth 6s 1939..J&J 10234 33 45 5534 Conv deb 5s 1953 Conv deb 534s 1939 3X 4?£ 24 1933. 53 96 5% notes Aug 15 *33—F&A15 6% notes Aug 15 *34-F&Al5 5% notes Aug 15 *35—F&A15 Utilities— 1935 50 98 1954 General Public Service A. _M&N 5s 8 37 20 93 1st m 5s 1960 ser D F&A East St Louis (111) Lt & Pow— 1st 5s 1940. J&D Easton Cons El 5s 1949 M&N 95 4 Deb 6s 1941 series B A&O General Gaa & Elec Oorp5% notes Aug 15 "32—F&A15 60 36 88 6% conv notes 1932 95 93 M&N Gatineau Pow 1st 5s 1956—J&D Debenture gold 6s 1941 J&D 15 Gen 5s Nov 1 90 «er — 9334 Ry & L 5s 1934 Galveston-Houston Elec 1st M s f g 5s 1954 opt 89 1933 / 1st lien col 5s 1934 ser A J&J Gas & El of Bergen Co 5s *49. J&D 15 88 os J&J "H Electric Pow Oontln Gas & El deb 5s 1958 F&A Extl s f 6s Feb 15 1954.F&A15 Council Bluffs Gas 5s 1948.M&N 1st M g 5s 1930 guar J&J Ry— A&O 634 % secured notes 1931—J&D Gary Elec & Gas Co— Eighth Ave RR—See N Y Rys Electrical Devel of Ontario— 97 102 50 Galesb 9034 86 434s J&J 30 45 100 Ed El 111(Bkn)See KlngsCoEL&P Edison El 111 (N Y)—See N Y G 1st 1 & unif 5s ser 01952- -M&N lit lien & unif 434s 1958.M&N 25 99 X 8934 J&D E. Kootenay Pow 1st 7s '42.A&O East Prussia Pow 6s 1953—J&D E St L & interurb Wat 5s '42 J&J 1st m 6s 1942 J&J 71 87 A&O Florida Telep 1st 0s 1945—A&O Ft Pitt Traction—See Phila Co Galesburg Ry Ltg & Power— Con 5s Oct 1934 J&D 1st coll 534s 1937 ser A..F&A 35" 69 J&D Consumers Power Co (Mich)— 20 42dStM&StNAv—See 3d Av Ry 1948..M&S Elec 5s 1946..J&J Conv deb 39 26 1938 10 6434 Sheboygan 1634 534 Consolidated Water of Utica— 1st M 5s 1958 M&N Consumers El L & P (New Or!)— 1st M 5s 1930 J&J Oonsum L H & P Co (Eliz, N J)— 57 F&A 1st M 034s 1949— 1st 6s 1955 series B Electric Co— 1942 8* 52 56 100 99 30 Wisconsin 50 X J&J J&J 534s 1979 ser A. 534s 1956 ser B 101.34 1948 series E.M&N 1st lien & ref 6s m 99 2834 1st m 5348 1947 ser A M&S 1st M & 1st lien 5s 1955 B M&S Eastern Util Inv 5s A 1954.M&S 30 34 Ft W Van Wert & Lima Trac— 2834 J&J ...J&J m 1st Florida Pow & Lt 1st 5s '54—J&J Florida Public Service Co— 98 1st lien & ref 634s 8534 Deb 4s 1956 guar J&J Consolidated Telep of Wise— 1st M 534s 1942 ser A M&N Cons Tr (N J)—See Pub Ser Corp Deb 6a 1950 w w 1950 J&J / SrcoleMarelll Elec Mfg Co (Italy) 1st ■ f 634" 1953 with war M&N f This prlc* includes accrued Interest. 23 96 1948 series D.A&O Eastern Michigan Rys— 1st mtge coll tr 7a 1958 AdJ 6s 1968 30 9934 8734 26 J&J 5s 1948 B East Coast Wuerttemburg 1st 7s '50.-J&J Con Ry (New Hav) deb 4s '64 J&J Deb 4s 1955 J&J Deb 4s 1955 A&O 6 Basis, 20 Ref 6s Jan 1948 ser O..M&S15 Eastern Conv deb 634s 1943 ser A. J&D Oonsol Hydro-Elec Wks of Upper J&J 4348 1948 A 27 30 1st lien col tr 534s 1957—M&S Florida Power Corp— Ref 6s Jan 10134 H ...A&O Corp— M&N Conv deb 5 34s 1954 Utilities Inc— 78 50 Ref 1534 15 J&J 6% gold notes 1932 Federal Water Service J&J f f 634i 1948 1134 Federated Eastern Shore Pub Service Co— 9234 1st & coll 6s 1943 ser A—.J&D J&J 57 Ref 6s Jan 102 F&A J&D 1st gold 534? 1954 ser D J&J Dallas Ry & Ter 1st 6s 1951-J&J Danville Tr & Pow 1st 5s '41-J&J 56 45 95 60 56 J&D 84 1st m s f 6s 1966 ser A..M&N Duquesne Gas Corp— 1st conv 6s Mar 151945.M&S15 k 634% notes 1935 M&S15 k Duquesne Light—See Phila Co Duquesne Trac—See Phila Co 104 93 102 Oonsol Gas Utilities Co— 1st g 734s 1949 ser B 1st g 5s 1952 ser O. 8.90% 88 m in 40 Federal Public Serv Corp— 1st 1 6s 1947 Huron Shore Line— 634s 1937 A with war.M&S s 40 - 86 102 ..J&D 80 10% 9934 Debenture 6s 1954 ser B—J&D 15 Duke Power—1st 4348 1967.J&D Duke Price Power Co— 111 102 97 J&D O—F&A ser gold 5s 1950 Ref 101 1935--.- 12 75 Eastern Connecticut Pow Co— 52 lit & ref ■ f 4*4 ■ 1969 ser G M&S 1st & ref s f 4 34s 1970 ser H J&J lit & ref 4s 1981 J&D 1st gold 6s 9734 75 Light & Traction— 1st s f g 5s 1942 opt M&S Stamped 1st lien g 6s 1942 stpd M&S D D E B & B RR—See Third Av Ry. 10034 10734 Dallas Gas 1st 6s 1941 Dallas Pow & Lt 0s 1949 1st > 20-yr 93 85 10634 lit M 5s 1959 —J&D Oumb'land T & T 5s 1937 J&J Dakota Central Telep Co— 86 B ser Dominion Gas & Elec 634s 1945— Dortmund Munlc Util (Germany) 100 Cumberland Co (Me) Pow & Lt— 1st 434s 1956 ..J&D 9734 Dixie Gulf Gas Co— 9834 Gen g 434s Feb 14 1936—J&J 1st ref 5 34s 1952 ser E M&S Cuban Telep conv 6s 1951 —J&J 1st lien & ref 734s 1941-M&S 80 65 Federal f 034s 1952 s Det & Pt 85 23 25 A&O F&A 7s 1952 -F&A k Det United 4348 1932 opt._J&J 1st m & coll tr 6s 1929 J&J 1 85 85 89" J&J S f deb g 93 93 95 & 93 M&N Detroit Edison 1st g 5s 1933.J&J Gen & ref 5s 1949 serios A.A&O .Gen & ref 5s 1955 Gen & ref 5s 1962 50 A&O 1913 92 M&N Gen & ref 4348 1961 ser D.F&A Detroit International Bridge— 43 45 M&S 5s 1956 m 40 99 X Falrmount Pk Trans 5s '37.-A&O Fall River Elec Lt 1st 1945—J&J 1st 1st m s f 6s 1953 ; Conv s f deb 6348 1948 Detroit City Gas Co— 1st m 6s 1947 series A 1st m 5s 1950 series B 8134 Gen g 434s Apr 1954 A&O Consol Gas Elec Lt & P (Bait)— Orosstown St Ry—See Col Ry Cross St Ry—See Int Tr (Bufri 1st g 5s 1938 opt 95 30 Fed St & Pleas Val—See Phil Co —M&N 5s. 92" 25 F&A 58 Y 20 (of Canada) Deb 034s 1905 w w Without warrants 92 Ask. ~99 97 Evansv G & E L 5s '32 op '12J&D Fairmont & Clarksburg Trac—, Detroit & Canada Tunnel— ^rA&0 '16 55 99 82 M&S Des Moines City Ry 5s 1930 J&J m Bid Bonds. Eqult G&E Utica 5s 1942.A&0 Erie Rys—1st 6s 1954 A&O Erie El Motor s f g 5s 1941 A&O Erie Ltg 1st m 5s 1967 A&O Erie & Suburban Ry 5s '41-A&O Europ'n Elec Corp " 1st lien 5s 1940 ...F&A Des Moines & Cent la Elec Co— S F 6s 1937 opt series A M&S 1st 42 Consolidated Cities L P & Tr-— 1st lien 5s 1962 stamped..J&J Oonsol Gas of Bait 5s 1939-.J&J 1st & ref 5s 1936 op 92 50 M&N 1938 Des Moines Gas Co— 64 80 Community Power & Light Co— Col M 6s 1957 M&S Community Water Service Co— Deb g 6s 1946 ser A J&D Deb g 534s 1946 ser B M&S Oonestoga Trac 1st 4s 1950—J&.J Coney Isl& Bklyn RR 4s '48-J&J Oonsol gold 4s 1955 J&J B O & N 1st cons 5s 1939.-J&J Conn Light & Power— 1st & ref s f 7s '51 ser A—M&N 1st & ref 534s 1954 ser B—F&A 1st & ref 434s 1950 ser O—J&J Connecticut Power 5s '63—-A&O 1st & coll trust 6s 1956 J&J Conn Ry & Lt 434s 1951 J&J Stamped guaranteed optional. . Conn Ltg & Pow 5s '39-—-J&J Conn Riv Pow 1st 5s 1937—J&D Connellsv Wat 5s Oct 2 '39—A&O 6s 9034 Stamped as to Pa tax Denver Tramway Corp— Gen & ref 5s 1950 ser A J&J 6% notes Oct 1 1933 Denver Tramway Terminals Co— .1st M ggu 5s 1933-1937—M&S b 1st Commonwealth Utilities Corp— 20-yr deb 434s 1951 Underlying cos—See N Y G E L 101" Des Moines Elec Co— July 1937——-J&J \ 55 60 1st & ref 6s (stmpd) 193< —J&J Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A—-J&D Y94 84 1st & ref 5s 1954 ser B—_M&N 9534 Columbus(O)Gas 1st 5s g '32_J&J Columbus (O) Interurban Ter Co 1st guar 5s 1935 —J&D / Col Lon & Spr Ry—See Ind O & E Oolum & 9th Av RR—See NYRys 97 Columbus (Ga) Pow 5s *36—A&O Columbus Ry Pow & Light— 1st ref 434s 1957 ser A—J&J Col Ry 1st 4s '39 opt '14—Q J .77 • Col St Ry 1st 5s g 1932—J&J 100 Cross St 1st 5s g 1933 99 J&D Commonwealth-Edison Co— : 1st M 5s 1953 .—J&J 1st M col 5s 1954 ser B—J&D 1st M col 434s 1956 ser O..A&G 1st M col 434s 1957 ser D. J&J lit M col 434* 1960 ser E A& 1st M 4s 1981 ser F M&8 9734 3 34% notes July 30 1932 1st & ref 6s Consolidated Gas (N Y)— Deb 534s 1945. 78 9934 S F 5s 1937 opt series B Columbus Dela & Marlon Elec Co Gold 5s 1951 74 100 Derby Gas & Elec Corp— 64 A&015 1901--J&J 15 Columbia (8 O) Ry Gas & El Co Deb 5s Jan 15 8 r 91" k --.-M&N Deb g 5s 1952 Deb g 5s 1952 1st M 3 i Delaware Elec Power Co— Deb 534s 1959 J&J Delaware Power & Light Co— 1st M 434s 1971-———J&J 1st M 434s 1969 J&J 1st M 434s 1969 J&J Denver Cons Tram 5s 1933-A&0 Denv Gas & El 1st g 5s *49—M&N Ask. - sr 82*" 1st M 5s 1960—----M&N Colorado Power ,1st 5s 63--M&N Columbia Gas & Elec Corp— , f 5s &con 103 ,1 1954 Clinton W W 1st 5s 1939——F&A Coast Cos Gas & Elec— Gen 103 10234 10234 Oleve Pains & East Con 5s 1918— Ext at 6% to 1933 A&O Cleve Ry 1st 1933 ———M&J Oleve Southw Ry & Light— Bid. R Tr. Day Sp & Urb—See Ind Col & £ Defiance (O) G&E 6s 1942—M&S 83 ------J&P O—M&N 5s *39 op 24. A&O Bonds. Darby Med & Ches Ry—See Phila Davenport Water 5s 1961--J&J Dayton Ltg 1st 6s '37 op '12_M\;h Dayton Pow & L 1st 5s '41.-J&D 95 City Elec San Fran 5s 1937-J&J City & Sub Ry—See Wash Ry & El City Water (Chattanooga)— 1st M 5s 1957 series Ask. bonds. * Last sale, n Nominal, 1st m 1st M 58 1 954 ser B 4734 r OanoHan 60 Drice. t Sale price. 9934 50 100 Bonds. orlaes Bid. Hydraulic Power of Nlag Falls— lstr& refunding5s 1950 J&J Ref & lmpt 5a 1951 —A&O Idaho Power 1st 6s 1947—-J&J «r* 101 90 111 Bell Telep 1st 5s 1956—J&D Illinois Cent Trac 5s 1933 J&D Illinois Commercial Telep— 100 Hydro-Elec Co 25-yr a 60 10 16 UiDeb SU,6?(PwR^ut°ymrT). Jackson Cons Tr—See 35 9714 9814 J&D 94 96 J&D 90 92 A..J&J 63 65 Indiana Central Telep Co— 1st lien coil 5)4 1938 M&N Indiana Columbus & E Trac— 30 35 7814 1st & ref 58 1957 opt A&O Illinois Power & Light Corp— 1st & ref 6s 1953 series A—A&O 56 B..J&D 50 1st & ref 5)4" 1954 ser 1st & ref 5s 1956 ser O J&D ...M&S J&r> 8 f deb 6)4a 1957 Illinois Power 1st 5s 1933 1st 7s 1936 1st 6s 1944 Illinois Valley Ry 1st 5s '35.M&S Illinois Water Service Co— 1st mtge 5s 1952 series Gen & ref g 5s *26 op 7614 J&J 92 94 56 91 5914 93 8714 8914 9314 9514 M 5a 1948 1st M 6s M&S 1st & ref 5s 1955 Ind Nat Gas & O—See Peo G L&C 70 75 1st & ref M 5s Jan 11950--J&J 22 25 1st 1 & ref 5s 1963 F&A Indiana & S W Gas & Util— 19 23 J&D 20 Indiana Union Traction— 1st g 5s July 1 *33 op '08.A&O Indiana Nor 1st g 5s 1933-A&0 3 F&A A&O Indianap & Martins v Rap Tran 1st g 6s 1932 opt J&J / Indianap Nor—See Un Tr of Ind Indianapolis & Northwest Trac— 1st g 5s 1923 ext to 1933--M&S / Indianapolis Power & Light— J&J 1st M 5s 1957 ser A — J&J Indianapolis Trac & Term Co— 1st s f sold 5s Jan 1 1933-.A&O Indianap St gen 4s 1933 J&J Citizens St con 5s g 1933 M&N Indianapolis W W Sec Co— 5s 72)4 7314 / 33 5 38 13 / / / 18 10 70 75 90 y* 80 98 86 §5" Indianapolis Water— 8)4 Inland Gas 6%a 1938 / Inland Pow & L • f 6s '36 A M&S Coll tr s f 6s 1941 ser B ..M&N Col tr 6s 1957 ser O A&O k Deb s f 7s 1935 J&D U~ 10 8 49 51 8 Inland Telep 1st 6s 1948—A&O Inland Utilities Inc— 12 J&D f tnterborough-Metropolitan Co— Col trus g 434* 1956 A&O Guar Trust certif of deposit.. Interborough Rapid Transit 1st & ref g 5s '66 op tax-ex.J&J Stamped 6% notes 1932 A&O Conv g 7% notes 1932—M&8 Conv deb 6s 1934 1014 >4 12 33 33 35)4 1114 4314 ... 1214 35 45 Intercontinents Power Co— Debs 6s 1948 with warr International Power Sec Corp— Coll trust 0)4s 1954 Ber B.J&D 2014 86 Sec 7s 1957 ser K Sec 7s 1952 ser F J&J 15 International Railway (Buffalo— Buff Trac 1st 5s 1948 J&D Buff & Lock 1st g 5s 1938--J&J Buffalo & Niag Falls Elec Ry— 1st M 5s gold 1935-—J&J Internat Ry ref 5s *62 op.M&N nfernational Telep & Teleg— Deb g 414s 1952 J&J Conv deb 414s 1939 J&J Deb 5s 1955— F&A 69 50 65 20 Deb 17 20 1814 10014 1914 4grf 47" let 5s '67.-J&J J&J gold 6s 1952 22 16 18 Interstate Nat Gas 6s 1936—J&J Interstate Power 85 23 Interstate Pub Serv Co— J&J 1st & ref 614s 1949 sei B 1st & ref 58 1956 ser D 1st & ref 414s *58 ser F Interstate Rys 4s It* tiH J&D M&8 1943—+.F&A Interstate Telep Co— > • J 72 -64 -17 . M&S owa Ry & Lt (Cedar Rapids)— 1st & ref 5s 1932 ser A —M&S 1st & ref 5s June 1946 B...J&D 1st & ref 514s Oct 1945--M&N f F&A 1st & ref 614s 1950 J&J Deb 6s 1950 ser A M&N Ironwood & Bessemer Ry & Light 1st s f g 5s '36 opt after '16.F&A Market St El Pass 91)4 Market St 36 1st ref 6s 1948 1st & ref 5s 1955 ser 30 . • ' Maryland Light & 1st M 5)4s 1950 40 Secured g 6s 1945 Conv deb g 514s '52 ser Lorain Telep 1st 5s 1958 9614 7914 9714 75 79 50 54 48 51 Gen & ref 6s 1942 22 27 Gen & ref 75 81 67 68 63 66 S 64)4 63 % 67 65)4 64)4 90 66)4 49 54 70 102)4 12054 98)4 1st & ref 5s 1948 125" 75 J&j M&N 75 ■ 73 A&O k 75 72% 93 ser Y J&J C__A&O r 99 65" 14 10 73 74)4 79H - — - IstM 6s 1961 Mich Elec Ry 5s 1948 ' 27 15 18 65 65 Michigan Gas & Elec Co— 3 1 5 M&8 '72 J&D 65 Michigan Light 1st 5s 1946.M&S Michigan Nor Pow 1st 5s '41-J&J Michigan Public Service Co— 1st g 5s 1947 ser A A&O Middle West Utilities Co— 98 75 70 100 • 1st & ref 6s 1943 1st M 5s 1956 35 18 18 J&D k J&D k J&D k J&D k 5% conv notes 1932 5% 5% conv notes 1933 conv notes 1934 1935 J&J Midland Util deb 6s 1938-—M&S Mlllv Etna & Sharps—See Phil Co Milwaukee Coke & Gas Co— ■1st M a f 7Hs 1933 F&A 51 Milwaukee Elec Ry & Light— 1st & ref 5s 1961 ser B. J&D 28 X 29)4 85 90 56)4 58)4 4% 2 54 2)4 2)4 60 1st M 5s 1971 26 99 V4)4 J&J Milwaukee Gas Light Co— 1st M 67 27 31 13 15 90 93 89 M&S -1st M4)4s I960 J&J Minn St Rys—See Twin C'y R T Minnesota Nor Pr jt 6s 1934-A&O Minnesota Power & Light Go— 56 64 4)4.8 1967 Minn Gen El 1st 5k '34 op—J&D Minneapolis Gas Light Co— 78 92 1st & ref 5a 1955 1st & ref 4Hs 1978 91 99 7A 75 40 76 -J&D M&N 70 M&S 55 Mississippi Power Co— 1st & ref 5s 1955 Mississippi Power & Light— "97 J&D 55 Mississippi River Fuel Corp — 1st s f 68 1944 with warr F&A15 65 ■ 1st M 5a 1957 Without warrants _ Mississippi Riv Pow 5s '51—J&J Deb 5b May 1 1947 75 81)4 100 99 Missouri Power & Light— 1st M 5Hs 1955 ser A 100)4 1st M 4J4s 1958 ser B 63 83 M&N 85 \ M&S 74 M&N 70 Missouri Public Service Co- 91 90 First mtge 5a 1947 ser A..F&A 52 80 85 75 Mo Riv Sioux City Bdge Co— 1st s f 6s 1953 M&S 15 50 98" F M&S Gen & ref 5)4s 1947 ser E J&D Gen & ref 6s 1942 ser G—M&S 96 98 100 1 98 101 Nominal, r 70 20 Jack Cons Trac 5s 1934—M&N 27 92)4 99)4 72 - 67M —.A&O —J&J 50 50 40 94 H . ' 80 25 89 — 63 J&J M&f 1st M 4s 1971 ser O M&N Met Street Ry—See N Y Rys , Metropolitan West Side "L"— 1st gold 4s 1938 F&A Exten gold 4s 1938 J&J Mexican El L 1st M g 5s '35.J&J Mex Lt &; Pow 1st 5s *33 s f.F&A Michigan Associated Telep Co— ' 97 108)4 55 50 55)4 — 92)4 ir~ Conv deb 6s 75 . .... 92 A ser con g 5a '45.J&J Meridian Lt & Ry 5s 1944. M&S Meridionals Electric Co— 1st s f 7s 1957 ser A A&O »1st & ref 5s 1953 ser O 1st M 4)4" 1968 Ber D 15 50 Y 77 Metropolitan Edison Co— 101 n 65 1st M 5s 1956 J&J McGav & Mt V—See Nash Ry&L 1st & ref 4Mb 1978 73 96 Last sale, 20 70 A.A&O D ser 60 20 J&J A Mass Utilities Associates— S f deb 6s 1949 ser A Masslllon Elec & Gas— 56 100 5)4s 1943 67 Memphis Power & Light Co— 70 51 M&S x ser 20-year sffiKs 1946 Sink fund deb 5s 1955 60 Los Angeles Gas & Elec Corp— 1st & ref g 5s 1939 opt...M&S 1st & gen 6s 1961—.. M&S ser 66 Massachusetts Gas— 85 '33—A&O A&O J&J B__-M&S J&J ■ Bait & Ann S L 5a 1946—F&A Power— ' 39 1st and ref mtge 4 )4s 1932-J&J Midland Natural Gas Uo— ..M&N Long Isl Lighting 5s 1936—M&S 99 Ry (San Francisco)— 90 Without warrants J Lone Star Gas s f 5s 1942 22 PBT • 1st extl 7s 1952 with warr-J&D 64 Ry—See 1st s f 7s 1940 ser A Q-j Maryland Electric Rys— -Guaranteed 6s 1933 A&O 1st & ref 6)4s 1957 ser A—J&J 1st & ref 6J4s 1962 ser B—J&J Lincoln Tel & Tel— / This price includes accrued interest, 68 F&A Gen & ref 5)4s 1949 ser I.A&O Los Ang G & E 5s 1934—J&J b Basis. 85 5% conv notes 1935 Middlesex & Boston St Rv— V 72 "70 46 s 79 1st M 414s 1961 ser A J&D Lindell Ry—See United Rys(StL) 46 B._J&J ser Palatinate Elec Co? J&D Elec— Lehigh Power Securities— Deb g 6s 2026 ser A F&A Lehigh Valley Transit— 1st M g 5s Dec 1935 opt—M&S 1st M g 4s Dec 1935 opt M&S Cons gold 4s 1935 J&D Ref & lmpt g 5s I960 J&D Leipzig Overland Pow 614s '46-Lex Ave & Pav Fy—See N Y Rys Lex (Ky) Ry—See Ky Tr & Term Lexington (Ky) Tel— 1st M 6s 1944 M&S Lexington Util 1st 5s 1952--F&A Lexington Wat ref 514s 1940-F&S LexingtonWa Pow Co 1st 5s'68J&J Conv deb 514s 1953 J&J Lincoln Gas & Elec 5s 1941-J&D 55 79 f 5)4s 1952 a f 7s 1941 J&D Manuf'rs Wat (Pa) 5s 1939.J&D Lockhart Power 514s 1950--F&A Lombard Elec Co (Italy)— 78 1st M - '/:::: J&J / SS. - Iowa Southern Utilities— 1st & ref 6s 1943 81 Lake Shore Power Co— 48 55 1st and ref mtge 6s 1950—-J&J Lake St Elev RR—See Chic & O ak PkE lec Ry. Little Rock Ry & El 5s Ref & ext g 6s 1938 . 1st mtge 514s 1959 * Mannheim & - 65 i 75 - 76 Little Rock G & F 6s 1937-M&N . 5 1961 A&O Iowa Electric Co— : so 1st mtge 6s 1934 J&J I .' U. Iowa-Nebraska Lt & Power67 1st lien & ref 6s '57 ser A.M&N f- 68 1st 1 & ref 6s 1961 ser B-M&S 75 Iowa Pow & Lt 1st 414s 1958 M&S 63 Iowa Pub Serv 1st 5s 1957—J&D 50 Deo 5s 1968 M&S 1st M 34 1st lien coll tr 68 • 5%a 1937—A&O Manila Sub Rys 1st 5s 1946-M&S Manitoba Power Co Ltd— 1st M s f 5Hs '51 ser A J&J 73 79)4 13 75 80 :. 25 Ltg Corp— -M&S 88)4 '39-J&J Lawrence (Mass) Gas & 1st M 414s 1940 ser B 65 1st lien & coll tr 5s '53 Manila Gas Co— Kings Co Elev Ry—See Bklyn RT 97 Kings Co Gas & 111 1st 5s '40-A&O 90 X Kings Co Ltg 1st ref 5s '54—J&J 106)4 1st ref 614s 1954 J&J 97 Kingston Gas & Elec 1st 5s'52— Knoxv Gas 1st 5s '33 opt '13-A&0 60 Kokomo W W 5s 1958 J&D Lackawanna & Wyoming Val RR 8 1st 5s 1951—-F&A 2 Debentures 6s 1948 F&A 78 Laclede Gas Lt ref 5s 1934--A&O 47 1st M coll tr 514s '53 ser C F&A l«tcol&ref5!4s 1960 aer D F&A 60" 514% gold notes 1935 F&A 85 Lake Erie Pow & Lt 6s 1946 A&O & Elec. Lake Roland Elev—See Un Rys 25 Lake Sh Elec 1st con g 6s '33 J&J 12 Gen gold 5s Feb 1 1933—-F&A 12 Sand Frem & Sou 5s 1936-J&J Tol Frem & No 614s 1925— Lake Superior Dist Pow— 1st M & ref 5s 1956 7014 23 81 96 26 96 A&O J&D 65 M&N Kings Co E L & P 1st 5s '37-A&0 Purch money 6s g 1997—A&O 88 Unstamped 4s g '90 Memphis St Ry 88 6614 614% »ec bonds 1955 serOJ&D Sec 7s 1936 D (with war).-J&J con 2d gold 4s 2013 Manila Elec RR & -... 84 97 Madison G & El 1st 5s 1940-A&O Gen & ref 5s 1950 M&N Madison Rys 1st g 5a 1936--M&N Mad Riv Pr 1st 5s *35 gu op.F&A 84 Keystone Pub Serv— 1st M 5s 1978 Extended at 6% to 1933 19 99M 15-year Key Tel 1st g 5s '35 opt *08. -J&J 1st 1 & ref 514s 1955 ser A.J&D 1st 1 & ref 6s 1951 ser B—A&O J&D International Hydro-Elec System Conv deb 6s 1944 A&O 100 72 J&J M&N Edison El 111 Bklyn 4s opt.-J&J 1st lien & ref 5)4« 1953—M&S 1st lien & ref 5s 1970 M&S 1st & ref. g 4j4» 1940 92" 66)4 Sept 48 ser D M&N 514s 1955ser F A&O G F&A 5s series H 1961 F&A 1st M 5s 1969 ser 1 98 92)4 1st M 5s 1961 series Keokuk Elec 6s 1945 70 70 '• 15 95 Macon Ry & Light 1st 5s '53-J&J 1944 21 79 1980.—---J&D 1st 5s 1947 M&S Kansas Power & Light Co— 1st M 6s 1955 ser A M&N 1st M 5s 1957 ser B___—M&N 1st & ref. 6s 1947 ser C—F&A Kentucky Fuel Gas Corp— 1st 614s 1942 with warr..J&D Conv s f deb 614s 1938—J&D 21 io Madison Co (111) Light & Power— 1st g 5s 1936 J&D Manhattan El 1st M J&J 1958 mtge 414s 21 92 93 Kansas Pow 30 18 85 7s 92)4 Electric— 2022 ser A—M&S 99 25 J&J Debenture 68" 96 1st M 6>4s 8 Indianapolis & Southeast Trac— 1st M g 5s 1935 Deb gold 6s K'y Hydro Elec Co 1st 6s '49. J&D Kentucky Power & Light Co— ■ 1st m 514s 1948 ser B M&S Kentucky Traction & Terminal— 1st & ref gu 5s *51 opt '14-F&A Lexington Ry 1st 5s 1949-J&D Kentucky Utilities Co— 10 Indianap Columbus & Sou Trac— 1st Mg 6s Feb 1 1948 Indianapolis Gas 5s 1952 . 1st Indiana Pr 1st 17>4s *41 A .M&N Indiana Ry & Lt 1st 5s '43--J&J Indiana Service Corp— 6% conv notes 1940 Kansas Gas & 96)4 97 95 —_. 16 78 93)4 A...M &N ser 1st s f g 6)48 1944 Luneburg Pow L & W W (Germ'y) 1st M s f 7s 1948 M&N Luzerne Co (Pa) Gas & Elec— 1st ref&Imp g 6a'48 op*13 A&O 1st & ref 6s 1954 M&S 76)4 60 J&D J&D --- 12 •89 6s 1937-- -J&D 1943 1st M 5s 1951 97 63" 1961—-——--F&A Ser 6si 1951 J&J Kansas Elec Pow Louisv Ltg 5s '53 unstmpd-.A&O Louisville Ry 2d 4)4s 1940--M&S Gen M 5s 1950 F&A Lower Austrian Hydro-Elec— 93 -- _ 1st M 414s 101 / Kansas City Pub Indiana Hydro-Elec Power— 1st mtge 5s 1958 ser A—M&N Indiana & Mich El 5s 1957—F&A Secured / Power & Light— 414s 1957 ser B..J&J 1st mtge 92 97 81)4 1942---------F&A 6s Kansas City 73 Indiana General Service— 1st M 1st 84 69 88 76 Elec Co— 1936 -_-F&A M5s '46.J&J City Gas 1st 5s 46--F&A 80 1st & ref 4)4s 1961 ser C.F&A Deb s f 6s 1937 ser A A&O 5-Y 1st & ref 5s 78 — 1st & ref 5s 1952 21 93 Kanawha ValTr 1st Kansas 47" 10 Janesville Elec Co— 1st & ref 5s 1932-1945 114 40 30 45 80 70 23)4 90 Kanawha Trac & 14 'll-.M&N Dayt Spgf & Urb 5s *28—M&N 1 Indiana Electric Corp— 1st M 6s 1947 series A—M&N 1st M 6)4s 1953 series B..F&A 1st M 5s 1951 series O—M&S Indiana Gas Utilities 5s 1946 J&J 40 J&D A&O 17 Jackson (Mich) Gas Jacksonv (Fla) Gas s J&J Jersey Central Pow & Lt Corp—• 1st & ref 5s 1947 ser B—F&A 1st M 414s 1961 ser C----J&D Jer City Hob & Pat—See PS Corp Johnstown (Pa) Trac 5s 43—J&J Johnst Pass Ry 4s 1931--J&D Joplln W W 1st 5s 1957 M&S f g 5s 1940 45" J&J 33 Illinois Northern Utilities Co— s Louisiana Pow & Light Co— 1st mtge 5s 1957 J&D Louisville Gas & Elec Co (Ky) Mich E.Ry 4814 10 M&S Ill-Ky Bdge 6He 1947 64 60 1st & ref Los Angeles Ry 6s 1938 22 5s g 37.A&O 15 f 5s 42. J&D Jacksonville Trac 1st 5s 31-M&S / 79 Jamaica W ater Supply Co—■ 1st gold 514s series A 1955-J&J 5714 James River Bridge Corp-— 53 1st sink fund 6148 1958-- -J&J 50 Deb g 7s 1943 J&D M&S 1st mtge 5s I960 ser B Los Ang Pac Co—See Pac EIRy Los Ang & Pasad—See Pac El Ry Los Angeles Railway Corp— 53 A..M&8 f 514" 1953 ser Bid Bonds. Ask. (Italy—• -M&N 1st M s f 7s 1952 Island Gas & Electric— 9314 99J4 Bid. Bonds. [sarco 101 9914 where marked "f" and Incoma and aefanlted bonds. "and Interest" except Ask. 77 UTILITY BONDS PUBLIC bond ffOTlOI.—All 94 Canadian price, s Sale price. 78 PUBLIC NOTICE.—All bond prloas UTILITY BONDS "and Interest" ars ezeept where marked "f* end Income end defaulted bonds i Bid. Bonds. Ask. Mobile Gas Imp & ret 7s '61-J&D Mob Lt & RR 1st g 6s "37-J&D Cons g 5s 1941 ---M&S 35 60 60 65 65 56-J&D Monongahela Light & Pow Co-— 70 75 98 100 Bonds. Monmouth Oons Wat 5s 1st M 5s 1949 40 Monengahela St Ry—8ee Phil Oo Bid. N Y Municipal Ry 5a 1966—J&J N Y Power & Light Oorp— 1st mtge 4Hs 1967 .A&O Steinway Ry 1st 6s 1922.-J&J / New York Rys Oorp— Prior lien 6s 1965 ser A—J&J Adj income 6s Jan 1 1965-Apr / New York Railways— 50 55 Monongahela Valley Water— let M 5 1950 series A—J&J 80 85 57 1st R E & ref 4s '42 op *16-J&J Guar trust ctfs of deposit— f 57K Adj inc 48 Bankers Trust ctfs of depos._ Bleeck St & F F 1st 4s '50-J&J f Bway & 7th Av cons 5s '43 J&D 1st m J&J 5Hs 1934 Montana v|' 46' Power— f 5s 43 op 18—J&J 1962 ser A———J&D Montreal Isl Pow 5He 1957-M&N Montreal Lt Ht & Pow Consol— 1st ref & coll tr 5s 1951---A&0 1st ref col & sf 5s 1970 serB M&S k Montreal Lt Ht & Pow Oo— Gold 6s 1933 opt 1913 A&O Montreal Pub Service Oorp— 1st & ref 5s 1942 M&S 1st & ref 70 60 s Deb g 5s g 5s Jan 1942 Ool & 9th Ave 1st 5s *93--M&S 97 85 N Y & Richmond Gas Co— 1st ref M 6s 1951 ser A..M&N .... 1st ref 6s 78 B-—A&O serO A&O Gen & ref s f 5s 1955 ser D. A&O Morn side El St Ry—See Phila Co Mount Home Telep 5s 1938-J&J 62 80 66 62 Gen & ref 5s 1955 ser 53 • 60" 62 Gen &refsf 4Hs '55 1952 91K New York 1st 98 J&J J&J 67-J&D / 53 60 61 66 20 26 22 Mt Wash St Ry—See Phila Co Muncie El L 1st 5s '32 op '12-J&J 11| 68 4Hs '62 85 90 A&O J&J 88 90 92 94 M&S 79 80 H M 5s 1951.. 1st M 5s 1956 1st M ,5s 1951 70 40 75 94"" 90 i 94 91 11 13 52 55 45 42 18H 5 88 11" 91 74 75 61 64 70 75 106 46 47K 46 K 46H 35 37 46H 72 *88 97 100H 100 94 H 101 101 95K 85 33 H 80 K 35H 81K 61 65 50 98 100 93 96 Deb 5Hs 1963 ser B.-.F&A15 Deb 5s Nov 15 '09 ser O M&N15 North Amer Light & Power Co S f deb 5Hb 1956 ser S J&J Serial 5% notes 1933 A&O Serial 5% notes 1934 A&O Serial 5% notes 1935 A&O Serial 5% notes 1936 A&O North Amer W W & Elec Corp— 99H New Mexico Power— 1st M 5s 1958 ——J&J New Milford Pow 1st 5s 32.F&A 50 —— 51K ■ 49 k 32 88 80 73 78 61 63 15 91 / 60 63 86 100 100K 87 90 35 40 15 RR—Gen g 5s '43.J&J & Lake 5s 1943—J&J NO&Carroll con 6s Feb'33_J&J N O Pow House Co 5s '41-J&J 72 62 77 70 69 62 M 63 87 90 M&S 82 H 90 . 65 75 80 Gen & ref 5Hs 1951 —M&S Northern Ohio Telep Co— 70 1st s F&A f 5Hs 1957 ser A 93 H Northern Ohio Trac & Light— 1st consol gold 5s 1933—J&J 1st consol gold 4s 1933—J&J 1st lien & ref 5s 1956 F&A Gen & ref 6s 1947 ser A__ .M&S Northern Penna Power Oo— 1st & ref 5s 1956 ser A—J&D Northern States Power Co— 1st & ref 5s 1941 A&O 1st & ref 6s 1941 ser B...A&0 78"" 82" Refunding 4Hs,1961 5H% notes 1940 Northern Texas Elec Co— 93 95 New York Edison Oo— 107H 108 100 101K 100 1st 1 & ref 5s 1951 ser O—A&O N Y Gas Elec L H & P Co— > - 99 H 1st g 5s Dec 1 1948 J&D Pur mon coll tr 4s 1949—F&A 102 % 92 105K 9 2% 98K 92 NY&ER Gas 1st g 5s *44—J&J Oon 5s 1945 J&J Coll tr s f g 5s A&O J&D 94 86K Interest, k Last sale. 16 45 20 60 64 23 26 62 92 H 94 40 1st gu g 5s '45 op bef *16- -M&N Orange & Pas Val K—See P S Corp Orange & Rockland Elec Oo— 81% 83 K F&A 85 90 Oregon Elec Ry 5s '33 opt—M&N Oregon-Washington Water Serv— 70 75 53 55 03% 69 73 78 1st m 5s 1958 55 r 82 84 94 96K 50 90 45 50 38 42 A&O s f 5s 1952— M&S 60 93 97 97H 100 100K 98 90 93 82 84 82 84 100 % 15 17 50 52 K ' 82 M&S ; 84 K 101K 99 % 80 :• 101K I 100 83 Pasa & Mt Lowe—See Pac El Ry Paterson Ry—See Pub Serv Corp Paterson & Passaic Gas & Electric consol gold 5s 1949 M&S 99H 24 100 27 25 99 96 98 82 35 95 92 X 89 87 90 K 100M 81K 91K 101 78 83 81 4 8 92 J&J 55 55 20 20 72 M&N 56 F&A 40 Penna Pow Co 1st 5s 1958 Penn Tel 5s 1960 ser O 22 J&J Penn Water & Power s f 5s '40J&J 1st ref 4H» 1968 ser B.—M&S ; Mn London, n Nominal, r Canadian price, s Sale price. 44*" 65 95 34 ''.-m 37 56H 52 54" 40 45 84 J&J k Pennsylvania Pow & Light Co— 1st M 4Ha 1981 A&O Pennsylvania State Water Corp— 1st lien 5H« 1952 series A-M&S 22 M&N 70 70 70 A—M&N 89 M&N 3H% notes Aug 1 1932 ..F&A Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A—M&S Pennsylvania Gas & Elec Oo— 1st 1 & ref 5Hs *55 ser A..M&8 1st lien & ref 5« 1958 M&S Deb 0s 1940 J&D Pennsylvania-Ohio Pow & Lt— 1st & ref 5 '54 ser A J&J 70 97 88" 1 / This price includes accrued 32 8 Northern Utilities Co— b Basis. 29 J&J Northern Texas Utilities Oo— 111 45 43 Pennsylvania Electric Co— 1st & ref 4s 1971 ser F__. M&N k 90 89 1940 opt—J&J 1st g 5s 1933 opt 1913 1st lien s f 6s 1943 ser S f deb 6Hs 1943 73 52 42 Deb g 6s 1950 ser A Without warrants 88 81 83 85" Northern Texas Traction Co— 1st s f 7s '35 with war Without warrants 71 49 Deb 5Hs 1959 ser B M&N 85 Northern Ohio Pow & Lt— 80 68 68 1st & ref 4H« 1977 Penn-Ohio Edison Co— 85 ' 1st 1 & ref 5Hs ser D '49..J&D 75"" 21 PeninsularTelColst5Hs'51 J&J Penn Central Light & Power Go— 96 80 1st 1 & ref 5s 1955 ser E..J&D Watertown L & P 5s 1959.J&J 84 60 19 Pecos Valley Power & Light Co. 1st m 6Hs 1937 ser A M&N Deb 7s 1942 J&J 85 93 1st 1 & ref 6s 1943 O 80 84 79"" . 1st lien & ref 6s 1947 B—_M&N '52--J&J 87 98H Oklahoma Gas & Electric— 1st M 5s 1950 M&S 5-year 5% notes 1936 1st lien & ref 7s 1946 A...M&N Newp News & Hamp Ry G & E— 1st & ref 5s 1944 J&J Newp News & Old Pt Ry & El 1st g 5s Nov 1 1938 M&N Gen g 5s Mar 1 1941—M&S 88 §5"" 55 Ohio Valley Gas Corp— 1st 0%a 1943 (with war).__J&J Pacific Teleph & Telegraph— 1st & col tr s f g 5s 1937—J&J 2 Ref M 5s 1952 series A—.M&N Parr Shoals Pow 5s 1952 A&O Northern Indiana Ry— 1st M 5s I960 N O Oy N O Oy 78"" 75 77 1st & ref 5%s ser E 1961M&N Ohio State Telep 5s 1944——J&J Ohio Val Elec Ry 1st M 5s '46J&D Oonv deb 6s 1950 M&S Pacific Power & Light Co— 1st M 5s 1955 F&A Pacific Public Service Oo— Northern Ind Pub Serv— Northern N Y Utilities Inc— 1st M & ref 5s 1963—-J&J 66 86K 75 1st & rel 4%a '60 ser F J&D Pacific Light & Power Oorp— Pac L & P Co 1st 5s 1942-J&J Guaranteed Pacific Northwest Pub Serv- 88 & ref 5Hs 1946——M&S North El Co & Nor Pap Mills— lst&ref m 4Hs 1970 serE.J&D North Ind Gas & El 6s '52—M&N 83 1st & ref 5%a 1952 ser G-J&D 1st & ref 5s 1955 ser D J&D 1st & ref 4%a 1957 ser E..J&D 20 20 50 J&D k Ohio Public Service Oo— 1st M & ref 7%a '46 ser A.A&O L A Pa R R Cal 5s '43.-M&S Pacific Gas & El ref 5s '42—-J&J 1st & ref M 6s 1941 ser B.J&D r 15 D 10 1st 30 Gen'l 1 & coll 5%a 1961 Northern Conn Power Co— ser 5 96 Los Angeles Pacific Co— 1st refg 4s 1950 opt *15--J&J 93 93 1st & ref58 1969 f 6 1943 ser A J&D Ohio L & Pow 1st 5s 1944 Ohio Pow 1st & ref 5s 1952 B J&J k 1st & ref 4%a 1956 ser D.J&D s Otter Tail Power Oo (Minn)— Gen M 5s 1946 ser E A&O Ozark Power & Water Co— 98 1st 81K Pacific Coast Power 5s 1940-M&S Pacific Elec Ry g 5s 1942—J&J 100 00% North Hudson Lt H & P Co F&A 48 95 79 % 63 Ottawa Valley Power Co— 1st M ■ f 1970 75 gold 5s 1937 opt 90 col tr 5%a Ottawa L H & Power— Ref & coll tr 5s 1957 ser A. A&O Ottawa Trac 1st 5%b July '55J&D 72 1st 45 m 1st M 5s 1957 series A J&D Oslo Gas & El Works (Norway)— Extlslnk fund 5s 1963 M&S 92 74 70 1st & ref 5Hs ser B I960.-J&J 1st & ref 5s 1966 ser O M&N New Orleans Ry & Light Co— Canal & Claib 1st 6s '46--M&N guar—J&J 30 62 44" 40 NY&Westch Ltg 4s 2004—J&J 57K 67 % 62 -J&J 57K 45 Ed El ni. N Y. con g 5s '95 J&J New Amster Gas 5s 1948--J&J 66 Spencer 5s 1945-M&N North Continent Utilities Corp— 1st coll & ref 5Hs 1948 ser A— North Calif Pow 5s 1932—J&D 1st & cons s f 5s '48 op '15-J&D Northeastern Public Service— 1st 1 & coll 5Hs 1961 1953 ser.A J&J 1st 7 90 50 . f 6%a 1950 —J&J Ontario Transmission Oo Ltd— 67 1st & ref g 58 '40 op '20 A&O North Shore Gas Co of Illinois— 40 Ohio Edison 1st 5s 1957 A&O 1st & consol 5s 1960 F&A Ohio Fjlec Pow 1st M 5s 1957 J&D 1st 70 (Hoboken, N J) 5s 1938--A&O North Jer St Ry—See P S Corp. North Penn Gas Co— 1st M & Hen 5%b 1957-— M&N North Shore Electric Co— 4 87 Ogden Gas 5s 1945 M&N Ohio Cent Telep 1st 6s '47—J&J Ohio Cities Water Corp— Ontario Pow 5s '43 op to '13-F&A Ontario Power Serv Corp— 69 A..M&N ser 1st & ref 5s 1956 99M 1949 ser A—J&D / 1941—-A&O 6s 1938 Salisb & Co— 1st & ref 5s 1952 series 1st 1 & ref 5s ser B 1944—A&O sec 70 ,32 6s 1936 00% 1st M 5* 1934-1947 _M&N Northern Elec Oo Ltd—See Misc. Oo— Deb g 5s 1954 op 10 55 Deb 5s 1961 F&A North American Edison Co— Conv deb 5s 1957 ser A__M&S 27 Old Dominion Pow 5s May 15 '51 Omaha & Coun Bluffs Ry & Br 1st s f 6s 1947 A&O Omaha & Council Bluffs St Ry— 36M io 5M% notes Dec. 1 1932..J&D 65 85 47 F & A New London Gas & Electric— Oonsol & refg 5s 1933--—J&J 97 45 North Carolina Pub Serv Co— 1st & ref 5s 1934 opt A&O 60 N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 out———M&S N J Pow & Lt 1st 4Hs 60—A&O 05% Certificates oLdeposit Norf & Ports Tr—See Va Ky & P Norf Ry & Lt 1st 5s 1949 .-M&N 100K 80 A&O -J&D 1st 4H« 1961 ser B M&N New Hampshire Pow 6s Dec.1943 105 99 48 1944.-J&J 66 Ocean City Costal Highw Bdge— 7s 1942- Debenture gold 6s 1940 M&S Oklahoma Gas Util 0%a 1934 Okla Natural Gas 6s 1946 A..J&J 1st m 5s 1948 ser B F&A Oklahoma Power & Water 1st m 5s 1948 ser A_ 1 Oklahoma Ry lst&ref 5s '41-J&J 72 07% 1st mtge 6Hs 1953 __J&J k Norf & Ports Bdge 7s 1942— / 99 % 5s gold Oct 1 19321 1st 5s 1952 series A 99 K 103 % J&J 1959 Ltg. 70 1st & ref 5s 1955 series A.A&O Conv 38 New Rochelle Wat 5%b '51-M&N Cent Elec 1st 5Hs'50-M&S 89 % North Boston Ltg. Properties— J&g N Y series A loo"" 5% notes D«0vl:932——— J&D New Eng Pow 1st 5s 1851—-J&J New Eng Tel & TeH- 1st lien & ref 6H" 5s 99 I960——---M&N 1948 .A&O St Charles St 1st g 4s 100 Norfolk St 1st g 5s North American Oo. —- 89 New Eng Pow Assn 5s Inc 6s Nov 102H 90 6Ks 1947 97K M&N A—A&O 1st & ref 5s 1955 series B—J&D Gen M 4Hs 1935 —J&J 5 89 M&N A 67 Nova Scotia Light & Power Co— 1st M s f 5a 1958 ser A J&D - Nippon Elec Pow Ltd (Japan 93 87 6s 1978—F&A Nat Toll Bridge 6s 1939 -J&J Nebraska Pow 1st 4%s 1981-J&D Deb 6s 2022—--—-—--M&S Nev Oalif Elec 1st 5s 1950—A&O Debs 6s July 1941—-—- J&J Newark Gas 6s Apr 1 1944—Q-J Newark Oons Gas con 5s 48-J&D New Bedford Gas & Edison Light 3% notes June 15 1932-J&D15 New Brunswick (Can) Pow Co— 1st M 5s 1937— M&S New Oastle (Oity of) W 5s*41 J&D New England G & E Association Deb g 5s 1947—— M&S ** Oonv deb 6s 1948 =J&D ser 1 14 1st & ref 7s 1947 ser B F&A 1st & ref 6s 1953 series O.M&S 1st & ref 5s 1954 ser D M&S k Niagara Lockport & Ont Power— 94 Debenture gold N ew Orleans Pub Service M&N Niagara Falls Power— J st & cons 6s ser AA '50..M&N 44 Nat Public Service Oorp— New Jersey Water 1st M 5s 1950 i % M&N 9 66 Deb g 6s 2024 5 13 & Suburban Gas—See West ctiester N Y Tel 1st 4Hs '39 tax ex.M&N 99 % N Y Water Service Corp— 99 K Ind Muncie W W 5s Oct 2 1939.A&O Municipal Gas Co (Texas)— 1st M 6s 1935 ser A M&N Municipal Serv coll 6s 1950-F&A Muskogee Elec Tr 5s 1934—M&N Mutual Telep (Pa) 1st 5s '45-A&0 Narragansett Elec Co— 1st M 5s 1957 ser AJ&J Nashville Railway & Lignt— Oons g 5s 1953 opt 1908—J&J Ref & ext gold 6s 1958 J&J McGavock & Mt Vernon— 2d series 6s July 1937---J&J Nashville Gas & Heating Oo— 1st M gold 5s 1937 guar.-M&N Nassau El RR—See Bklyn R T Nassau & Suff Ltg 5s 1945—F&A Nat Elec Pow Oo deb 5s 1978 J&J Nat Pow & L deb 6s 2026 A JP&A Deb 5Hb 1954 5. 101 _M&N 1st 31 27 35 Ohio-Kentucky Gas Co— 3 op 23 Union El (Loop) 5s g '45--A&O Northwestern Power Co Ltd— 1st m s f conv 6s '60 ser A. J&J Northwestern Pub Serv Oo— 1st m 58 ser A 1957 J&J 1st N Y M & U O Tr Oo—See Un Tr of Oonv deb 5e 40"~ State Rys— con g N Y Steam 6s 1947 f 7s 1952————-J&D Deb 5s 2030 ser B 5% 3 2% -r - s 17 28 '13--M&N ' Certificates of deposit 1st con 6 Hs 1962 .M&N ' Certificates of deposit Mountain States Power Oo— Deb 12 M&N N Y State El & Gas Oo— 1st ra 5Hs 1962 1st m 6s 1952 1st ra 4Hs 1980 92 ■; Northw Teleg—See W U Teleg 50 m 34th St Crosst 1st 5s '96--A&O 23d St Ry 5s 1962 J&J 20 90 Oberpfalz Elec 7s 1946 43% IK 85 1st & ref g 5s 1941 opt——J&J Gen & ref 5s 1955 series A. A&O 1938 37H 43 H Fy 1st 5s '93 M&S Second Av recei' ctfs 1914 Sixth Av RR pur M 5s '65-J&J / Third Ave—See under "T". 85 Montreal Tramways— 1st & ref 5s 30% % A»K 12 — Northwest Elec 1st 6s 1935-M&N Northwestern Elevated (Ohlc)— 1st mtge 5s 1941 opt M&S vl Lex Ave & P 84K • 1st M 6s 1938 series B Mt Hope Bdge 1st 6His 76 100 A&O Certificates of deposit llH Bid. Bonda Northwest Louisiana Gas— 1st M 6Ks 1933 with warr... 74 98 N Y & Qu'" ns Gas 1st 5s '34 F&A N Y & Queens Co Ry 4s '40-A&O Monongahela Valley Traction— 1st M g 5s '42 opt '22 J&D Monongahela West Penn Pub Ser 1st lien & ref 5H" ser B '53 F&A Montana-Dakota Power Oo— Alt f 86 83 H I; 75 57 k 76K 60 90H 100H 87 loin 89 - Bid. Bonds. Pub Service Oo of Pensacola El Oo let 6s *31—F&A 100% cons g 1st 1 5s *48—M&N M&N M&N M&N F&A 5s 1948 con Deb 4s 1950 1st & ref 5s 1950 1st & ref Philadelphia Company— Secured gold 5s 1967 J&D Alleg Belle & Per 6s 1935 -A&O Ardmore Street 6s 1958--A&O Central Trac 1st 5s 1929...J&J Duquesne Lt IstM 4%s'67 A&o 1st M 4%s 1957— M&S Duquesne Trac 1st 5s *30—J&J Fed St & P V 6s May 1 '42-J&J Ft Pitt Trac 1st 5s 1935—J&D Millv Et & Sh 5s 1923—M&N Morn'aide El St Ry 6s *35 A&O Mount Washington St Ry— 1st & coll tr gu 5s 1933-A&O Pitts Alleg & M gen 5s '30 A&O 90% 66 95% 89 90 82 83 80 80 85 85 101% '-'mm 102 17 1% i 1926—F&A *32—M&N PIttsb Rys 6s 1953 A&O Pitts Trac 1st 5s 1927-— A&O So Trac 1st & coll tr g 5s *50 A&O 2d Ave Tr 1st 5s 1934 J&D Browasv Ave 5s 99 38—J&t 55 65 58 60 Riverside *44-A&O 1960—J&: Gas El & Trac— 5s Mar 1 1953 —M&' 30 70 60 So Jersey Guar g 58 62 70 75 25 98 60 15 25* 15 96% BZ'H 1st ref 4s 1971 88 60 & ref 6%s ^ Ref 5s 1955 23 20 30 23 103 86% 87 88 97 H Phila & Garretsford St Ry— 1st 5s F&A 1955 Philadelphia Rapid Transit-- ■ Coll tr g 5s 1967 opt s f—F&A 8 f guar 5s *62 opt 17 M&S 6s geld 1962 M&S 1st m r e 6« 1944 J&J Eq 5%s 1932 Eq 5%s 1933 Darby Media & Ches St Ry 1st 4%s '36 opt *16 gu—J&J Hest Mantua & Falrm 5%s *34 Market Street Elev Pass Ry 1st g gu 4s 1955 M&N Union Traction— Elec & Peo 4s tr ctfs '45-A&O People's Traction Oo— P P Ry tr ctfs 4s *43 -F&A W Phila Pass 2d 5s 1926— Ext at 5% % to 1956.M&N Phila Subur-Counties Gas & Elec 1st & ref 4%s 1957 M&N Phila Sub Water Co— 1st M 5s 1955 M&N 1st M 5s 1969 -A&O 1st M4H8 1967 —M&N 1st M 4%s 1970 A&O Phila & W Ches Tr 4s 1954. J&J 24 26 Oo (Italy)— 1st & ref s f 6%s I960 ser A A&O Piedmont & North 1st 5s 1954-J&J Pitts & Alleg Telep 1st 5s 1949— Pitts Alleg 56 60 40" 55 90 99 % 26 69 71 19 21 Pittsburgh Suburban Water Serv 1st 1 & ref 5s 1958 M&S Pittsburgh Trac—See Phila Oo Pittsburgh Rys—-See Phila Oo Plattsburg G & El lBt 5s 1939—.. Pomerania Elec. 6s 1953 Portland General Elec uo— 1st & ret 4 Ha 1960 M&S 5s 1935 J&J- 28 32 40 50 95 97 92 94 92^ 94 82 84 80 83 1933——J&J (Ore) Gas & Coke— Shawinlgan Water & Power OolstM&colsf 4%s '678erA A&O 1st col tr 4%g '68 ser B..M&N 1st coll tr 5a '70 ser O F&A 70 1st coll tr 40 7 7% 17% 22 35 21 20% 21 57" 54 Rochester 19 20 _ / Telep Oorp— 93% Rockland Light & Pow— 1st M 5s 1938 96% 99 93 95 87 90 1st ref 4Ha Rome Y'-X 1958 ser 21 25 38% 39% 82 90 33 37 (Ga) Ry & L 5b '46--A&O Elec Lt & P— 100 St Charles St RR—See N Orl Ry 83 H 50"" 54 St Paul Gas LightGen gold 5s 1944 85 90 75 85 78 79 70 74 / This price includes accrued interest, Montreal and Toronto Exchanges 13 100% 100% Southern California Edison— Gen g 5s Nov 1939 opt J&„ Gen& ref 5s 1944-—. F&A 100% 101 95" 85 87 70 80 60"" 64 88 92 98 Refunding 5s 1951 Refunding 5s 1952 Refunding 5s 1954 Angelo Telep 1st 5s 1958 F&A 81% 104% 102% 85 88 11 12% 13 8 14 10 M&N 77 79 M&N 66 70 A&O 65 75 Southern Gas UtUIties. Inc— 1st M s f 6%« 1939 ser A.M&S Southern Natural Gas Oorp— 43 45 Oonv deb 6s 1949 Southern Oltles Utilities! r M&N Oo— 1st lien & coll 5s 1958 8 f deb 6s 1958 ser A.. A&O F&A Southern Oolorado Power Oo— 1st g 6s 1947 series A J&J Southern Counties Gas (Oallf)— 4%a 1968 1st 6%s 1935 ex-warr S I deb 42 46 R T. 99 96 100% 99% 0 Pub s ervlce. 105 100% 40 71 6%s 1936 ser A 1st s f 6s 1944 with warr Without privilege South N E J&J . 4: Deb g 5s 1970So Ohio Elec 6s 1955 32 101 J&D J&D J&J J&J 1st g 5%s 1959 ser D 75"' 72~" 1st ref 6s 1952 series A 78 1st & ref 5a 1958 ser 71 82 J&J B—..J&J 78~" 83 32 1st lien 6s 1937 with warr A&O Southern Wise Pow 5s 1938 .A&O Southwestern Assoc Telep Oo— , ' 34 34 102% Telep 1st 5s 1948-J&D 103"" 93 94 87 Sou Pub Util 1st 5s 1943 Southern Trav,—See Phila Oo. Southern United Gas Oo— 67 San Antonio Public Service— San Antonio Tr 1st 6s '49---M&S San Antonio G & E 5s 1949-M&S South Oallf Telep 1st M 5s 1947 Southern Canada Pr Oo Ltd— 1st M 5s 1955 ser A A&O Southern Oltles Pub Serv Oo— Southern Gas Go— Salt River Val Water UBers Assn F&A June A&O J&J & ref 4%s 1961 1st M 28 M&S Gen & ref 6s 1952 J&J Salisbury & Spencer—See No Oar Salmon Riv Pow gu 5s '52 op F&A Salt Lake Term 6s 1935 J&D 5H* 9 J&D 92" J&J 78 65 1st lien 6s 1944 Southern Bell Telep & Teleg— 1st s f g 5s 1941 opt 1916--J& Sou B'vard—See Third Ave M&S 95 St Louis Springf & Peoria RR 1st & ref gu g 5s '39 opt..J&D St Paul Oity Ry—See Twin City 60 47% M &S 94 69 47% 82 1st & ref 5s 1957 8 San 40 _ 92 78 70 35 91 J&D 76 94 So Texas Gas 6%s 1938 A—M&fr Southeast P&L deb 6s 2025 .M&8 Southeastern Gas & Water Co— 82 90 St Louis-Miss Riv Brldg. 1st s f 6 Ha Oct 15 *47—A&015 St Louis Public Service— Power 90 & Light (Mo) Water Oo— 1938Mt 1932-1958 80 80 F&A 74 96 Stewart A.J&j B_ J&J 1st & ref 6s 1958 series O—J&D 1st & ref 5%s 1952 ser B—M&S 94 6s ser 97 77 J&D 85 55 73 85 St Louis Oo Gas 1st 5s 1951 75 50 Corp. 97 17% 19 55 50 105 17 < 99 35 Southern California Gas Oorp— Collateral trust 5s 1937—M&M South Oal Gas Co 6s 1950 -M&N 45 16 45 40 102 15 67 61% , / f 97"" 90 Power Corp 86 96 40 53 . §5"" 96 73 1st cons guar Oonv 6% notes 1933 50 75"" J&D 87 104 X 85 »78 ser 1st lien & ref 5s 1960 1st lien & ref 5s 1960 1st M 5s 1955 15% 80 1948—M&N Rutland Ry Lt & P 1st 5s*46_M&S Safe Harbor Water Pow. Oorp— 1st mtge s f 4%s 1979 J&D 1st M 5%s 1945 ser A 1st M 5s 1945 ser B 80 72 J&j Rys 15 M&S 14 5s 1959 M&S Joseph Gas—1st 5s 1937 J&J St Joseph Ry. Lt Heat & Power— 1st g 5s Nov 1 1937 M&N 1st & ref 5s 1946 J&J St Joseph Water 5s 1941 A&O 102 - 90 Gen M4Ha May St Louis Co B 85 96" 52 17 % ser 80 M&8 F&A 89 Rome (N Y) Gas. 1st ref 5s 1946 St 96"" A 1st ref 5s 1950 M&N 80 Oar Gas & El 6s 1942__M&Slfi Oonv 6s Dec 15 1932-JADlf 92 St Olalr Oounty (111) Gas & El— 92 % 1949 6s ser 75 Ry. M&N A—-M&N. Ruhr Gats Oorp BHa '53 A A&O Rumford Falls Pow 4s 1945- A&O 85 1947 78 70 10 1st 25-yr 5%s 1950 ser O.F&A IstMISfl 1960 J&J Sioux Oity Serv 6s 1951 J&J Somerset On & Middlesex Ltg— Mtge g 4s Dec 1 1943—J&D South Bay Oonsol Water— "7% Rockford Elec Co 1st 5s '39-M&8 38 88 17"" 3 77 36 85 -_ % 72 82% South Jer G E & T—See Pub Serv South Pittsburgh Water Oo— 92% Oo. ec 1st g 5s 1949 opt F&A 2d M 6s 1949 series A J&J 2d M 5s 1949 series B J&J S leslan Elec Oorp s f 6%s '46F&A Sioux Oity Gas & Elec Oo— South Carolina Power Oo— 1st Hen & ref 5s 1957 South Ferry—See N Y 90 92 55% 55" 97 95" 103 Potomac El Pow series A— M&8 1st & ref 5 %s*54 series B-M&S Deb 6s 1946 ——.M&N Public Service Oo of N H— 1st & ref 5s 1956 ser A—M&N 1st & ref. 4Ha 1957 ser B-A&O Public Service Oo of Nor 111— 1st & ref g 5s 1956 op 21--A&O lot & ref 5s 1966 series O.M&N 99 101 78 70 1954---- 80 70 56 61 80 1st :'■) 22 55* 30 70 20 54% 54% 60% 54% Sierra Pacific Power Oo— 1st & ref 5s 1960 ser A M&S 81erra & San Francisco Power— 1st 6s Central Power Corp— 5s 1963 M&S Rochester Gas & Elec Oorp— Gen M BHa 1948 series O. M&S Gen mtge 4 Ha 1977 ser D-M&S 3% notes July 15 1932—J&J 15 Roch Ry & Lt 6s '64 opt——J&J Roch Ry cons 5s k 1930--A&O Certificates of deposit 2d 6s g 1933 ctf dep J&D J Rochester & Syracuse RR— 1st M conv 6s 1957 M&N / 48'" Shreveport Rys 1st 5s. '32-44.J&J 85 98 1st mtge 5s 1956 ser E—M&N 1st M 4%s 1961 series F—A&O Public Elec L Oo & (St Albans. Vfc) 1st 5Hs 1956 -—--—-A&O Public Service Oo of Colorado— 80 J&J 47 110 74 100 50 °or^[&N 70 1953—F&A 75 A&O 1st mtge 5s 1951 to 90 98 40 of N Y— 1st M 6%s 1942 Ser A.M&N 1st M a f 6s 1942 Ser B—M&N Deb gold 5%s 1947 M&N Power Gas & Water Sec ~Ooll tr 5s 1948 with warr-M&N Power Secur coll tr 6s '49—-J&D Incomes June 1949— &&A Providence Gas Co 1st 5%s 1942 88 Richland Public Service— 97 45 Cons M g 5s 1936 guar. J&J Gen lien & ref 6s 1953 A&O Power Corp of Canada Ltd—■ Oonv deD 4%s 1959 Ser B-M&S 19% 32 A&O 63 4%s ser D '70--A&O Sheboygan Elec—See East Wis El Shenango Val Water 5s 1956A&0 Shinyetsu Elec Pow (Japan)— 1st sink fund 6%s 1952—J&D Shore Lighting Co— 23% 19 Ry & El 6s F&A 85 80 28 Roanoke 68 73 45 43 A&o 93% 55 57 Seattle-Everett Traction— 1st M g 5s 1939 opt 1914-M&8 Seattle Ltg 1st 6s *44 opt '10.M&8 82 1937 A&O Richmond (lnd) W W Oorp— 1st M 5s 1957 -M&N Richmond (S I) Lt & RR— 1st coll tr g 4s 1952 J&J Rio de Janeiro Tram Lt & P— 1st g 5s 1935 J&J Rio Grande Valley Gas Oo— 1st M 7s 1937 ser A A&O Riverside Trac—See Pub Ser Qoro Roanoke G-L BHa 1951 F&A 11 Second Ave—See N Y Rys. Second Ave Trac—See Phila Oo— Seneca Pow Oorp 6s 1946—M&S 50 35 63 1st & ref 4Ha 1953 ser O..J&J Roch Tel Oo gen 5s 1933.A&0 Portland (Me) RR 3%s 1951-J&J 1st 1 & con m 6s 1945—M&N Porto Rico Telep 6s 1944—_J&D Postal Teleg & Cable 5a 53—J&J Potomac Edison Oe— ~~b Basis. 10 61 76 rights.-A&O notes 1936 T&A 1st & ref 5s 1946 9er B 91 lished on 5 Oons 6s 1955 with Rochester 1st & ref g 5s '40 opt *20—J&J 1st l'n & gen 4%s 1940--—J&J Portland Gas 1st 5a 1951-F&A 1st & ref 6s 1953 10 1st & ref 5s 1947 F&A Scran Trac 1st 6s g 1932...M&N 37 H - Prussian Elec 6s 65 5 97 35 H „ Portland 95 85 63 92% Deb g & Man—See Phila Co notes Jan 1 80 1st & ref 5s 1967 ser A— F&A Scranton Ry—1st 5s Nov '32-J&J 72% war__F&* 6s 1953 with 12 25 99 i J&D Roanoke WW 5s 1950 Pitts & Oharleroi—See Phila Oo P McK & Con—flee W Penn Rys 4% 77 80 k 1st & ref 5a _ Piedmont Hvdro-El m io5% 99% 90 7% sec. 100 45" Scranton-Spg Brook Water Serv 4%% notes 1932 J&D15 4%% notes 1933 J&D15 EeLg ^19A9 *0*191* Deb s f 6s -J&J Rhine-Westphalia El Pr (Germ'y) Mtge g 7s 1950 .-M&IV Direct m 6s 1952— M&N Oon 99 8 —- 33% Union— Wat Serv Extl deb fls 1953 Rhine-Ruhr L.. 75 57 --M&S 2l" Republic Gas 6s A 1945. 15 f; Scranton Gas & Water Oo— 1st 4%s 1958 M&8 58% 57% Rap Tr St Ry—See Pub Ser Oorp Reading Trac 6s 1933--——-J&J 15 90 4 95 A_A&0 Railway & IJght Sec 5s 1952 60 102 86 96 H 85 1936 J&D 5s "62.J&J -M&S Ref 4Ha 1958--Oonv g deb BHa 52 ser 15 Sayre (Pa) Elec 5s 1947. A&O Schenectady Railway Oo— 1st M 5s 1946 opt 1919--M&8 Schuylkill Trac 1st 5s 1943—A&O Schuylkill Val Tr 5a 1945-—F&A Scioto Val Ry & Pr 1st 6s'43-J&D Scranton Elec 5s '37 opt '12-J&J F&A ^ot% m Queem Bor Gas & El 50 80 5 1949——J&' Puget Sd El Ry 5a 1932 Quebec Power Oo 1st M & coll tr s f 5s 1968 60 95 84 75 15 1st & ref 5s 1950 ser O——M&N 1st & ref 4%s 1950 ser D.J&D 86% 94 80 - 5s 1933 opt——-J&» Puget Sound Power & Light— 60 1st & ref 7 %s 1941 ser A—A&O 32% 1st g gu 1st ■ 87 1948—A&O Puget Sound Power Oo— 80' ' 87 97 88 92 1st col tr conv 6%s 60 85 J&D F&A -——A&O 1st M 5%s 1948--M&S Secured conv 6s 1938--—M&S 25 75 Oo— Utilities Oonsol Oorp— Public 95% 96 H 99 1st & ref 4Ha 1967 1st & ref 4 Ha 1970 60 95 H 97 Public Service Elec & Gas 73 H 80 15 75 5s Trac w 84 1st & ref 6s 1945 ser B—A&O Savannah Elec Oo 5s g '52-J&J 100 Paterson Ry— 2d 6s *14 ext 5% to 5 99% 44 Or & Pass Val 1st 6s 85 35 1st 5s 1945 opt aft 1910 J&D uida\Falls Oo Ltd— 1st sir 5s 1955 ser A A&O Savannah Elec & Power Oo— 99 1948—M&f> Ry 4s J&J West End Trac con 5s 31" 29 ctfs—J&J '38-J&J Phila Elect 1st 5s 1966 A&O 1st M 4s 1966 ----A&O 1st lien & ref m 4%s 1967 M&N 1st & ref 4s 1971 J&A Philadelphia Elec Power Oo— 1st mtge 5%s 1972 F&A Gold 5s July 1933 United Trac 5s 1997 75 1949-M&* 99 33 100% 86% 54 •34 60 Ky 99 Unif & ref 6s 1952 ser B—M&S Unlf & ref 5s 1957 ser D—.J&J 8an Joaquin Light & Power— 82 Ry 5s 55 J&D J O Hob & Pat 4s P S Newark Term 63 78 55 El Not callable San Francisco Bay Toll Bridi 1st M sink fund 6%s '57-Deb s f 7s 1942 M&N 8an Joaquin Lt & Power Oorp— 103 100 1st g 5a Dec 1 1950— -J«su Elisabeth & Trent 5s '62-A& Nor Jer St Pitts & Birm Traction— Pitts & Obarleroi 5s 57 X Oons Trac 1st 6s 1933—_J&< ttlls Plainf & Oent Jersey Ry 2 89% 60 1961 ser O—.M&8 1957 ser D_M <c N Public Service Oorp of N J— Trust certs 6% per pet—-M* Oamdeu Sub 1st 5s 1946--J&. 20 . ,90 1 - First mtge 5s 100 91 88 Oklahoma 1st mtge 5s 91 m.m 69 1932. Public Service Oo of 98 ■ Oo— M&N Sandusky Bay Bdge lst6%s'42J&J Sand Frem & So Ry—See Lake Sh San Fran G & E 4%fl 1933—M&N 72H 1932———F&A 5s Debenture 4% notes July 30 74 95 San Diego Water Supply 1st m s f 5s 1955 70 D.M&N Ask. Bid Bonds. Ask. Nor 111 (Con)— 4H» 1978 ser 1980 ser E J&J 1st & ref 4Ha 1981 ser F-A&O 105 85 1st & ref 4s 1981 J&J 3%% notee July 30 1932 Serial 4%% notes 1933—-F&A Serial 4%% notes 1934—F&A I Serial 4%% notes 1935—F&A Serial 4%% notes 1936—F&A Chic G L & O 1st 5s 1937—J&J Oonsum Gas 1st g 5s '36—J&D lnd Nat G&O g 5s *36 gu_M&N Mutual Fuel Gas g 5s '47 M&N Peoples Light & Power Corp— 1st lien 5%s 1941 J&J Oonv deb 5s 1979 J&J People's Traction—See Phila R T Peoria Bloom & Champ Trac— 1st gold guar 5s 1936 M&N Peoria W W Oo pr 1st con 4s 1948 Bid. 1st & ref 4%s 6s 1943—-—lA&O Refunding gold 5s 1947—M&S 1st 82"" 79" Peoples Gas (N J) 1st 6s '68-J&D People's G L & Ooke, Chicago— where marked "f" end Income end defaulted bonds. Bonds. Ask. 79 UTILITY BONDS PUBLIC bond priooa in "ind Interest" except iffOTIov.—-All 90 93% / 9 88 90"" 100 100% 65 Southwestern Bell Telep— 1st & ref M 5s 1964 ser A.F&A Southwestern Gas & Elec Oo— 3an Diego Oonsol Gas & Elec— 1st g 5a 1939 opt 1914—M&S 1st & ref 5s 1947 ser B—M&« 99 101 63 64 95 98 63 64 J&D 99 100 4 H% notes 1932 k Last sale. / In London. » Nominal, r Oanadian price, s Sale price, z Minimum price estab- PUBLIC 80 Southwestern Light A Pow Uo-— 1st M 5s 1957 ser A F&A 1st M 59 1957 ser B_——F&A Southwestern I Bid. I Bonds. 4 k Ask. 52 .MAN lJght—- 2022 series A-.--M&» Service Ooj~lst M s f 6s 1945 ser A—.J&J Southweitern Statei Telep OoDeb s 6s 15 k r.y .r' Union 1948 ...M&S Seuthwest Gas Co— lit im 0Ue *37 with warr. M&N Spg Br'k Wat 1st ret 5s 65-A&0 53 16 Deb g 0« 99 1st lien 5*s 1942 M&S 15 Unit Elec Co of N J 4s 49-J&D United Elec Rys (Providence)— 100 37 40 ;«41^ 35 36 25 28 IstMg 08 Apr 15 1941 —A&O f 95 45 33* 99* Deb 6s 1973 J&J United Power & Light (Kansas)— 1st mtge 6s 1947 ser B—.F&A United Power & Tran— 35 30 56 68 ser 1st lien 6s 1947 ser C 95* 4 ■ 1st consol f / / ■■■'A--< ; / 47 80 Extended to 1934 at 6% M&S ,1950—-——<JAD 78 80 85 1953---— k ■1st M 6s 1949 set 1st M 5s 1956 ser Texarkana W 1st 6s Texas Cities Gas Con 80 85 90 95 80 58-—-F&A 60 68" 1st 5s '48—M&N 35 36 "I* "2* 10 15 67 69 11 Tex Elec By deb 0s 1942——J&J 1st & ref 5s 1947----Tex Trac 1st 6s 1937 opt.-J&J ——1J&J Texas-Louisiana Power 1st 0s 1946 series 10* 1st 6*s 1960 series B—M&S S f deb 6s 1942-- —.-—--M&S Texas Pow & Lt 1st 5s 1937 -J&D Deb g 6s 2022 ser A --J&J 1st & ref 5s 1956-—-—-M&N Third Avenue By (New York)— 1st ref g 4s 1960 opti aft "14 J&J 16 13 Unterelbe Power A Light Co— S f M 0i 1953 AAO Utah Gas& Coke 1st 5s Deb 0s May 1 2022 1st 1 A gen M 5s 1944 16 §5" 69 71 36* 37* 1,9* ; Adj inc g 5sdo t of. Kn or '37 -A&O Jan 1960 opt mu<-^> a .TXr. J 83* Third Ave RR 1st 5s g/37—J&J Dry Dock E Bway & Battery— 1st 5s gold 1932——-J&D / 12 Gen ref M ser O incJan I960 45 " Sou Boulevard g 6s 1945—J&J 43 Union By lBt 5s g 1942 -F&A 40 Westchester El 1st 5s g 43 J&J 35 Yonkers By 1st 5s 1946—A&O Thirty-fourth St Crosstown—See NY Rys. 56 Tide Water Power 1st 5s '79-F&A Toho Electric Power (Japan)— 45* 1st ■ f 7s 1955 ser A—M&S15 99* 3-yr 0% g notes 1932. J&J Tokyo Elec Light Co (Japan)— 36 1st g 0s 1953 series—— J&D 15 85 Toledo Edison 1st 6s 1947—M&S Tel Frem & Norw—See Lake Shor e El Ry 86 Tol G E & H con 1st g 6s '35-A&0 Toledo Light & Power Co— 69 5% notes 1932 J&D Ma , . Topeka Ry & L 1st 5s 1933-F&A Trenton G & El g 5s 1949-M&S Trenton St Ry con g 6s '38.J&J Tri-State Telep A Teleg— 5*s 1942 MAN 1st M 5s 1942 ser B MAN Troy City Ry—See Un Tr (Alb) Troy Gas 2d 6s "23 ext to "39 F&A 1st 5s 1939 ————M&N 28th A 29th Sts— See 3d Ave Ry 23d Street Ry—See N Y Rys Twin City Rapid Transit Co— lit lien A ref 5*s 1952 .J&D St Paul City 1st g 6s 1934 A&O Cable con 5s 1937 J&J 16 A&O A.MAS Natural Gas Go— Conv deb 6s 1933 FAA / Tyrol Hydro-Elec Pow Co—1st M s f 7*s 1955 M&M 20 48" 45 45 —I 2 10 3 1 5 "6" 47* 73 60 d Price per snare not 89 92 iF" 42* 82" Western Utilities Corp— 1st coll tr a f 5*s 1948... J&D 6*% notes Nov 15 1932.M&N 45 Westphalia United El Pr (Germ) 1st M if 0a 1953 J&J Whatcom Co Ry&Lt 5s *35.MAN Wheeling (W Va) Electric Oo—. 1 13 88 1st M 5s 1941 opt.......MAN White Line St Ry 0s 1935 1 95 ; 82 48 — 88 80 77 83 85 70 38 Wisconsin Electric Power Oo— 1st M 5s 1954 ser A. F&A Wisconsin Gas A Electric— lat g 6a 1952 opt 1919. J&D 94* 95 Wisconsin Hydro-Elec Oo— 1st M 5s 1947 AAO Wisconsin Michigan Power Oo— 18J 62 92 /a June 15 '57-JAD15 81 1st M 4*s 1961 ..J&J Minn Light A Power— 1st A ref 5s 1944 opt '19-M&N Gen A ref 7s 1947. Wisconsin 24 68* 63* 63 60 65 97* 106 90 16 16 .J&D F&A 16* 16* 10 15 9 1 0s 1933 J&D / Utilities Service 6s 1953 I Virginia Pow 1st 6s 1942—J&D Va Elec & Pow 1st 5s 1955..A&0 * 72 70 9 12 V\ lsconsin Power A Light— 1st 1 A ref 5s 1950 ser E..M&N 5*s 1940 serA.-F&A 87 77 1st 1 & ref 6s 1952 ser A...A&O 1st & ref 5*s 1958 J&J Wise Pub Service Co— r 1st & ref 6s, 1942 J&J 71 85 Wisconsin Ry Light & Power— 1st A ref 5s 1933 FAA Wiscon Riv Pow 1st 5s 1941 MAN Wise Val El lat A ref 61 "42M&N 1st mtge 5*s 1942 MAN 82 85 90 93 Worcester A Conn Eastern Ry— 1st s f g 4*s 1943 JAJ 89 Yadkin River Pow 1st 5a '41. AAO Yonkers Ry—See Third Ave Ry. York Haven Wat&P 1st 5s*61 J&D York Rys 1st M g 5s *37 95* 78 opt. J&D Youngstown A Ohio River— 1st M g 5s 1936 opt 1915—AAO 92* 84* 95 r 92" Youngs-Shar Ry A 59 1st & ref 6s 1950 ser B— J&D Deb s f 0s 1946.— F&A 68 68 1st lien A ref 5s 1958 ser F J AD W lsconsin Pow, Light A Heat— 1st A ref 5s 1940 J&D Wisconsin Public Service Corp— 91 10-yr sec conv 5*s 1942-M&S Virginia Public Service Co— 59* 55* Lt —See MahA S Ry A Youngstown & Suburban Ry— 1st mtge 5s 1936———M&S Zanesv Ry L A P—See Col New A Zanesv 40" 1st & ref g 5s 1934 J&J Norf & Ports Tr 6s *30 J&D Wash Alexandria & Mt Vernon— 1st g 5s 1955 opt M&S Certificates. Washington Bait & Ann El— — 71 1st M 6s Mar 1941 op„.M&S Ctfs of deposit Wash'n (D O) G L 6s 1960—M&N A&O 6a m 102 31 95 100 50 92 69 80 per 51* 0*8 Aug 1 1930 FAA 25-year « 5s 1951 J&D 30-year 5s Mar 1 1960 M&S Mut Un0a ext at 5%to'41.M&N Northw'n gu g 4*a 1934-J&J A&O 1933 series A 1936 ser B 4*% notes 1933 Washington Gas & El Co 1st s? 5*8 1947 A&O 98 98* 90 92 10 29* 30 58 PUBLIC UTILITY STKS. 92 Alabama f §f 5 7 7 5 98 99 101 cent, ... Amer Cities Pow A (+) Light cl A .50 60 48 46 44 46 78 82 51* 55 Guaranteed— &\X City & Sub 5s g 1948 F&A 49 Washington & Suburban Cos— Ooll trust 5*s 1941 M&S 51 Washington Water Power Oo— 1st ref 5s 1939 op 100 J&J 1st & gen 5a 1900 J&J k 92* Waterbury Gas Light Co— 1st mtge 4*s 1958 M&N 95 Waterloo Oed Falls & No Ry— 1st M s f g 5s 1940 op '15..J&J Certificates of deposit Watert'n L&P—See No N Y Util. IB Amer DisTel of N J com Preferred d d |7 Preferred 52" * ... (no par) $7 second pref series A $6 cum pref Warrants 55 —(t) (t) ... d , d Amer Gas A Elec com... (no par) d $6 preferred (t) Aaier Gas & Pow 99 U $6 1st pref—(t) d 25 d American Light A Traction Preferred + ...... $7 5 cum conv 25 $6 preferred *5 pref ser A Stamped... Nominal, r ... Canadian price. d (f) —(f) d d ......-(t), d * 1 8 "2 H 40 45 71 6 74 12 2 2* 5* 7 2* 3* 3* 1 * 5* 1* 15* 15* mmmm 4 10 "5" 10* u (f) pref Amar Power A Light com % .... H Amer Natural Gas com......(t) 4* 45 17n A (no par) d ....100 _ 49 .... d d Amer Elec-Power $6 Dr (f) Amer A Foreign Pow c»m (no par) d d Waukesha Gas A Electric Oo— J In London. —— i d ........... .... 44 47 Co $7 first preferred........... $0* first preferred— Option warrants............ 90* d (|) d (♦) Amer Oommonw'lths Pw com A B_. 53 100 preferred.. $5 preferred Allegheny Gas Corp Allegheny Traction—See Phila Common 45 k Last sale. Par pref Class B 100* F&A f Flat price, Power $7 $0 1st 5s 1959 JAJ Westchester Elec—See 3d Av Ry. 0 Baals, 50 ^ H W* g '60—MAN ?firg 22 Virginia Ry & Power— 36* 29 65 70 83 87 - 20 J&D Western United Gas A Elec Co— 1st 5*3 1955 Ser A J&D West Un Teleg coll tr 5s 1938-J&J 5 Gen M 5s 1956 ser D A&O Utica & Mohawk Valley Ry— 1st g 4*8 1941 M&S Utlca Belt L 1st g 5s *39 -M&N Utilities Power & Light Corp— 1st & ref Twin States Guar s f 7s 1952 FAA Ojlgawa Elec Power (Japan)— lit M s f 7s 1945— MAS 15 26 1st M 5 *■ 1953 J&J 1st M 6s 1955 M&N Wash Ry & El g 4s 1951—J&B Anacost & Pot 5s 1949 A&O m m mm Western United Corp— Ooll tr s f 6*s 1955 18 62* „ 58* 98* 5 70 Ooll trust 0a ext 1933 AAO Winnipeg El Co lat ref 5s '35 JAJ Ref M 0s 1954 A&O 99 6s M 88 65 1st m 5s Aug 1952 ser A..M&S Wilmington A Chester Traction-1 96 Conv 35 97 2-yr 6% notes Feb 15 *33-F&A Western Puolic Service Co— 1st & ref 5*s I960 F&A g 5s '39.FAA Willlamsport Water Oo— 105 Wthout warrants Utilities Public Service Oo— 20 98 100* 67" A 2r.\IS8port Qa«£rl8t 55* MAN FAA 99* 23 ser . 20 100 Deb g 5*s 1947Deb 58 1959 with warr 98" J&J 4*s 1944-F&A Utica El A P 1st 5s 1960—JAJ 26 Wichita RR A Light 5a 1932 Wichita Water 0a 1949 MAS lat M 5a 1956. ser B FAA' 1st m 5s 1960 ser O M&N 2 22* 1st 1 A gen M 89 QQ5/<C 50 Guaranteed Twin States Gas & Electric— - 1st Arref 5s Oct 1953 1st 1A ref 5*s 1945 Ser 95 17* — Utlca G A El ref A ext 5s "57-JAJ Gen 5*8 1949 J&D15 6 75" J&D / 4*s 2004 Utah Lt & Tr 1st 5s 1944 A—A&O Utah Power A Light Oo— 17* 2* g Albany Ry con M 6s g "30.J&J / Gen g 5s 1947 J&D / Troy Ofty Ry 6s g 1942—A&O / tJnit Tr (Pittsb)—See Phila Oo. United Util 1st 0s *43 op '18-J&J United Wat G&E 5s 1941 Co— A--—-J&J 16 28 1930-J&J Co mtge 58 1900—.-—-—J&J Texas Gas Util. 0s 1945— '1st k Eq 7*s Feb 16 1936 —F&A 16 1934 J&J k City & Sub Pub Serv 5« "34.JAJ Ualted Traction (Albany)— 42" J&D F&A B B Texas Electric Service ^ 33 64 22" Gen g 4s July 1 75 M&N 27 28 Unit Rys (Phila)—See Unit P & T United Rys of St Louis— A Light— 1st con M g 5s 1954 Terre Haute W W Corp— 27 26 27 22 Lake Ro El 1st 6s '42-M&S United Railways of Havana— 70 _ 3" i 15 Baltimore Traction Co— No Bait Div 1st 5s 42—J&D Cent Ry ext and imp 5s__1932 79* 2 B: 8 Bait Sparrows Pt & Ches— 1st g gu 4*s 1953——F&A 35 19 18 70 15 M&S Income g 4s 1949 op '29—J&D Inc funding g 5a 1936——J&D 34 64 40 15 M&S g 4s 1949 1st con M 6s 1949 90 1946——MAS 55* • Unit Rys & Elec (Baltimore) 7 : A&O 85 Ternl Hydro Elec 6*s Terre Haute Traction 54 A&O kf A&O kf A warr 89 Tenn Water 1st 5s 67* 60 United Pub Util 6s 1947 A—A&O 1st lien 5*s 1947 ser B—A&O 103 95 1 Ooll tr 6s 1942 6*8 1933 with 60 F&A United Rys tr ctfs 4b '49-J&J United Public Service Co— l5l" mmm* 55 M&N 1st 1 coll 0s 1948 99 * 103 i5I 93 23 Western N Y Utilities 5s '40-J&D Western N Y Water Co— 1st M 5*s 1950— M&N 1st M 5s 1951 32* 100 100"" 101* i; 98* Western P L & Telep— United Lt & Rys 1st 5s '32-.J&D 1st 1 & cons M 08 '52 ser A. A&O k Deb g 6*sl952 —.F&A Ry. 28 96* ; 31 A&O A ser West Virginia Gas Co¬ ls* s f 6*s'37 with war.J&D West Va-Ohio River Bridge— 1st M 6*s 1952 J&J Westerly L & P 5s 1937 J&D Western Mass Cos— 4*% notes Sept 15 '34-M&S15 — 100 Deb g 0*s 1974 J...M&N 1st 1 & consol 5*s 1959--A&O Deb g 6s 1975 M&N 75 1962 opt—M&N Service— & ref 5s 1970-A&O 35 50 v Tennessee Public •. 31 k A—J&D Tenn Pow gu 5s ... 99 Tenesssee Electric Power-——— 1st 50 30 Deb 6s 1958-———-—J&D Tennessee Eastern Elec Co— 1st 8c ret 0s 1947 ser 1st A ref 5s 20 94 97 Pow.—See Foreign G ovt. Tampa Electric Co— 99 1st M g 5s 1933 s f on--JAD Telephone Bond & Share Co— -F&A M&N 14 91 United Gas & El (S F) 5s '32.J&J United Ilium Co New Haven— 1st 4s Feb 1 1940 -F&A United Light & Power Co— 35*! 101; Phjia Pass Ry—SeejPhila RT. 1st M 5s 1957 60 55 • Taiwan Elec 1st M 5s 1943.—Kef m 0s 1955 W 27 1st s f g 5s Apr 1 "62 op 07 A&O Super-Power Co of 111-— 1st 4*s 1968-M&S §4* 1st M4*s 1970 M&S k 58 1st M 6s 1901------J&1} k Syracuse Gas g 6s 1940--—-J & J 10034 Syracuse Lake Shore A North* 1st M g 5s *47 opt 17—-M&N / 100* Syracuse Lighting 5s g 1951 -J&D 102 1st 8c ret 5*s 1954 7.8A 1957--------J&J Syrac Rap Tr 1st g 5s 1940-M&S / / 2d mtge g 5s 1930--------J A J, / — Without warrants United Fuel & Supply— 35 1st M 5s 1956 series G_ J&D 1st M 4a 1961 ser H —J&J West Penn Tr 1st 5s 1960—J&D "loT* West Texas Utilities Oo— United Elec Serv (Italy)— Extl 1st s f 7s 1956 Ber A—J&D 36 30 Edison Corp— series B mm 58 First lien 5*s 1951 ser A.M&N Wks Co— * 39* 3% notes June 16 1932-- J&D15 O Stelnway By—See N Y 4 Vlueens 5s 10 3 Ask. g West Tenn Power— 1st M 5s '46 op '21 ser A.M&S * 1st M 5s 1963 series E— M&S 1st M 5*s 1953 series F—A&O 100* Ry Gen ref M 5s Jan 1951 ser A Gen ref M 4s Jan 1951 ser B 1957- - —■—---F&A Stettin Pub Util 7s 1940----A&O Suburban Gas Co of PitEadelphia 100* 20 Bid 102* 5s *50—J&D N Y Sub Gas—lst«5s'49-M&S West End St Ry—8ee Boston El1, West PennElec. deb 5s 2030-A&O k 98 100* Un City 6s 1930. .J&J / Union Water Service Co— 72 Bonds and Stocks. 102 96 Union Water Standard Public Service Corp— 1st lien 0s 1948 ser B J&D Standard Telephone Co— lit 1 col tr 5*s 43 »er A.M&N Staten Island At*. 100* 1st 6s *19 ext at 0% to '32-J&J / Indianap North 5s 1932—J&J / 19 90 85, Spring! A N E Tr 6 s 1930—J&D Springfield (O) By 1st 5s 36 MAS Standard Gas A Elec of Delaware 0% K notes 1935-— A&O Debenture 6s 1951F&A Debenture 6s I960J&D 0% conv notes 1935A&u Standard Power 8c L Corp— * Ry—See STOCKS Westchester Lt 1st Mun & 1933-—A AO General & 36 ' Springfield (Mo) Gas A Kleo Co let mtge 5s 1957 ser A—_ J&D (O) Lt, H t & P°^^T Sprlngflefd 58 33 6s Bid. Third Ave Union Trac Co of Indiana— Southwestern Public lit M AND marked "f" and income and defaulted sonde. - 16* 43* where Bonds. 49 49 BONDS except Union El Lt A Pow Co of St L 1st g 5s Sept 1 1932 stpd.M&S Ref A ext 5s '33 op aft 18 M&N Genl mtge 5s 1907 ser B—F&A Union Elec L & Pow of Illinois— 1st g 5*8 1954 ser A J&J Union Kiev RR—See N W Elev Natural Gas Co- lit s f 6s 1945---Southwestern Power A UTILITY bond prices ore "and Interest" HOTIOB.—All Hale price * 2% 3* ~r~ 2* 3* 19 21 15* 17 (New stock' 81 PUBLIC UTILITY STOCKS where marked 'T'and Income and defaulted ■OTIOV.—All bond prloss art "and Interest'' except Stookt. Bid. Par. Ait. amer State# Sec, com A.. (t) Amer Statea Pub Serv A ....(t) $6 preferred CT) Amer Superpower Oorp com il# A* —it) First preferred (T) Preferred $6 series (t) American Telep A Teleg 100 Amer Wat Wks & Elec com...(t) Oom voting trust ctfs $6 1st preferred (t) Appalachian El Pow 7% pref.100 Appalachian Oas Oorp com 07 conv pref ser A.... Arizona Edison 0H% pref—(f) Arizona Power........ 100 Preferred (7%) 100 Preferred (8%) 100 Arkansas Natural Gas Oorp 1 Class A com (t) Preferred 10 A3/* 40 88" 88 X 12 12 H 11 42 69 , .X 72 3-16 2 15 d 54 .... d 52 52 il* ~w Original preferred $4 preferred... $5 preferred $6 preferred.....——-—.( %6X preferred.. mlx 12 Preferred 18 15 24 X 20 93 MX deposit—...— Oo Gas A El 1st pref...100 Ooast Oolum G A El Oorp (Del) com (t) d 13 15 18 21 5X 100 com_(t) 7% preferred Oommonwealth-Edlson Oo_..100 60 X Com'wealth Pr Oorp 6% pf--100 Commonwealth A Sou Oorp comf 16 pref with war (f) $7 pref (t) Atlantic City Elec, $6 pref (t) Bangor Hydro Elec com 25 7% preferred..... ...100 6% preferred... 100 Baton Rouge Elec Co 06 pf_._(t) d Beauharnols Power, pref r Bell Telephone (Canada) 100 Telep of Pa 0H% ot 2 9 12 12 15 97 90 21 88 95 72/ 100 78X 50 52" 49 53 22 95 (t) 37 25 39 Brit Ool Pow Glass B (t\ dr 27 (Toronto)..—100 Consumers Pr (Maine) pf 6%. 100 0.0% preferred......—...100 $5 preferred— (t (t SX 16 Continental Gas A Elec com., (t X 4 16 Brockton Gas Light Oo v t c 25 Brooklyn Olty RR 10 Bklyn-Manhat Transit—(no par) 17** 4X 25 Jf (no par) 40 Bklyn A Queens Transit com.(t) Preferred J (T) Brooklyn Union Gas (no par) Buff Niagara A East Pow pref-25 $5 first pref (t) Oalgary Power 100 0% cum pref 100 Oallf-Oregon Pow 7% pref...— 0% preferred series of 1927-100 6% preferred 100 Oallf Water Serv pref 100 Can Hydro-El Oorp 0% 1st pf 100 4 46 X 30 45 - 16 6 38 Derby Gas A Elac 07 pref 82 com 45 .(t) dr ... Preferred 100 Oentral Maine Pew 6% pref..100 7% preferred —100 Oent Miss Val Elec Prop pref.100 Oent Pk N A E RR—-See N Y Rys Central Pow A Light 7% pref.100 Oent Pub Serv (Del) com Class A 19 49 45 Eastern Eastern Util Assoc 102 82 X 60 62 75 Edison (t) 7% preferred... % Warrants.. 3/« 6% conv pref—. —— 100 06 opt conv pref (ser 1929)- (t) Central States Pow A L 07 pf (t Oent Vermont Pub Ser 00 pf (t Obes A Poto Tele of Bait pref.100 Ohio Olty A Oon com part ctfi.(t) Pref partlc ctfs.. ....(no par) Ctfs of deposit.. Oblcago Olty By 100 Certificates of deposit Ohic Dist Elec Generat 06 pref (t) Chicago Rys partlc ctfs series 1. 4 8 55 60 X 2 2 90 44** Series 2........— Series 3... g6r{6| .... m — — mm mmmm mmmm m mm m Chicago Rap "Tr an "com" Certificates of deposit. Prior preferred IX 12 130** 131. 60 5X 20** . 100 —10C 7.2% prior pref ser B 100 Obrts A 10th Sts RR—See NY Rys Cincinnati Gas A Electric pref 100 18 3X 18X 3X llX 18X 12 15 1 2 2 —(t) d ~4X 2% Utilities B a ~I~~. war....—! .... ex if) (T» (t) V 2 m m m pref 07 (tj d Southern UtU. 7% pref.. 100 a Purchaser also pays accrued dividend, m "x "x % X Jamaica Water Supply pref .50 d Jersey Cent Pow <* Lt / %preflOO 6% preferred 100 46" " 55" 45" 53 95 1 Kentucky tlydro Elec 7% pf__iou Kentucky Securities Corp....100 Preferred (0%) iou Kentucky Utilities^ pref 100 io"" 10^ 225"" 50 d preferred Keystone Telephone preference 60 Kings Co Ltg 7% pref iuu 5% preferred Gas Light Preferred Lake Sup Dist Pow 7% pref—100 Lake Sup Dist Wat 6c imp pref.. Lexington Utilities 6X % pf—100 Lincoln Telep A Teleg com... 100 i65" 50 80 65 55 47"" 95 II— 16 69 52 55 85 54 3-16 Lowell Gas 40 Lynn Gas A Elec Co Mackay Companies pref Manhattan Elev Ky (N Y) 75 1 4 25 zo ... 6 ' 92 95 100 23X 24 guarantee.......l00 4X X 100 "2 Marconi Wlrel (Canada).......i 50 Market St Ry (San Francisco).100 preferred...........100 Second preferred.... T."" -25 d 22 27 23 d 10 12 (t> d 35 36 - 100 Mass Power A Light Assoclat'n— Common with warrants.—... Oommon without warrants— Preferred Warrants... ..........— ...—.— 4X \1& Preferred............—.100 Prior ? , 12^ 42 40 30 136 IK 50" 105 14 6% preferred 100 Los Angeles G A Jfi Oorp, pref.100 Louisiana Power A Light 60 pf (T) Louisv Gas A Elec com cl A..(t) Modified 84" 40 66 10 35 80"" (t) 100 Long Island Lighting oom 7% preferred ... 35 51" —, (t) 100 d Louisville Railway Oo 100 Preferred .......100 Lowell Electric i^ighl.—.....25 11 300 49 49 100 .100 100 Preferred 35 50 76 3X X in 1 2 50c 16 3c. 6c. AH d Price per share, not per cent, h Ex-stock dividend. It Last sale. I In London, n Nominal, r Canadian Ex-100% stock dividend, x Ex-dividend. 1/ Ex-rights, z Minimum price established • Sale price, t New stock, u Ex-warrants, v Old stock, w Montreal or Toronto Exchange, t Without par value. X mm m d Italian Superpower Warrants 5% conv partlc preferred—.50 d tn 3 18" 16 Mass Utilities Associates v t o price. 5 2X Halo Argentine Elec Oo— American shares Lone Star Gas Oorp - .15 d _ 100 e Laclede 7% .100 0% 100 25 Empire A Bay State Teleg 100 Empire District Elec 6% pf—.100 '8 Empire Gas A Fuel Oo pr 8%_100 Preferred 7% 8 .100 6X% preferred -—100 d rred ...loo 6% preferred... ...100 rer Empire Power Oorp partlc «tk.( 7H stk.(t) 00 preferred Ted... (t) ). Empire Pub Serv. com. A (t) *nb 3 Engineers Pub Serv com..—.(t) 05 conv pref (t) 24 $5X pre? (with warrants)..(t) 15 06 preferred ...(t) Erie Lighting pref 15 (no par) Erie Rys— (t) d 7% pref 100 Essex A Hudson Gas........100 132' d 1 European Elec class A Option warrants.. Falrm'tPk A Hadd Pass Ry—See Phfla R Fall River Elec Light... —25 d 24 Fall River Gas Works.. Federal Light A Tr com Preferred (00) (jj __ Tejep A Teleg..(t) d International International Junior 23 Preferred series A Preferred series B - — 70 Ells A Tren RR—See Pub 8 Oorp El Paso Elec Oo (Del) (no par) 100 - d d 5X% preferred 100 Kansas City Power A Light— 1st pref 06 series B if) d Kansas Olty Pub Serv com (t) d Preferred. ..(f) X Elec Ilium (Brockton).25 d Optional warrants 0%cum pref (without warr).100 X 4X A...(t) Kansas Elec Pow 7% pref iuu Kansas Gas A Elec 7% pref..100 ... X Hydro-El Syst 06 preferred.. Units Iowa IX i i Eighth Ave RR—See N Y Rys Electrical Securities, 5% pref.100 Electric Bond A Share (t) 06 preferred (f) 05 preferred (t) Elec Power A Light Oorp (t) Allot ctf for pref 70% paid Second pref (17) ser A —-(t) 06 cum pref (t) 39 3X comTit) Interstate Power 3 60" — J d d 4 2X IX 57 Internat Ocean Teleg (guar)..100 30 Internat Power com........ (f) dr r Preferred 100 . Class d r iqq n 1 (f .i 100 100 73 32 11 a East Read'g El—See Read's Trac Edison Elec Ilium (Boston)—100 (t) Oorp Oonv stock East Kootenay Pow Ltd Preferred 20* 1 — (t) com 100 Inland Utilities partlc A.. —.(t) Interboro R T vot trust ctfs..100 Otf of deposit International Ky v i Internal Superpower 1 25 d d 15 07 preferred — x Ct) d El 11 X 70 3 preflOO 20 Cent A S W Utll com 7 preferred r7 prior pref A Indiana Consumers Gas A By-Products s f with war.. 07 preferred 100 100 ...(t) 22 ... 45 50c. (t) 07 pref without warrants..-it) 06 pref. (t Eastern Texas Elec Oo (t .. Oentral States Elec Shore G 11 d 132 lOOi 77 100 d i 72 Internal Power Securities com. (t) X 1 23 165" 20 intercontlnents Pow Oo 55 85 1 34' _ —— ■a 15 20 Indianapolis Gas —..50 a Indlanap Pow A Lt 6H% preflOO indlanap A Southeast Tr pf—100 Indianapolis Street Ry Oo .100 Indlanap Water pref 50c." 1 _ 7% pref—100 81 100 Eastern States Pow Oor com(B) 75" 23 46 42 00 preferred (+) Illlnola North Utilities 0%preflOO Ilium A Power Secur 1st pref.100 Internat .........100 Eastern Michigan Rys Eastern N J Pow 6% cum East Shore Pub Serv 40 35 jd - Indiana Service Oorp com 0 % preferred 1 44X 60 Adjustment stock... .— IX 68 30 Preferred B stock - r Cape Breton El Oo pref .100 18" Capital Trac (Wash, D O)—100 45 Carolina Pow & Light $7 pref (t) 40 00 preferred (f) Oentral Ariz L A Pow pref—100 65" Cent Arkan Pub Serv Oorp pf 100 Oent Orosst RR—See NYR; VI Oentral Gas A El Oo 06 X pref. ( t) d Oent Hud G A E com v t c 12X (t) 100 0% preferred 100 81 Oentral Illinois Light 0% pf—100 Oent 111 Pub Serv pref—(no par) d 10 Oent Indiana Power 7% pref.100 36X 77 95"" Duquosne Gas Oorp com (t) Duqnesne Light—see Pblla CoEastern Mass St Ry com..—.100 First preferred stamped 100 ... 40 95 100 (t) d Preferred Stock purchase warrants. Hudson County Gas Idaho Power 7% pref 6% preferred 70 48" d Detroit A Canada Tunnel Detroit Edison—...........100 Duke Power. 100 Ouluth-Superlor Trac Oo 48 (8«ar)_..I00 Illinois Pow. A Lt. 6% pref...100 lOO'" 73 65 50 40 Dayton Power A Light 0%pref100 Denver Tramway com (t) Preferred— .100 16X 80 d d Preferred 100 Cumberland Oo(Me)P A Lt pf 100 Dallas Power A Light 7% pref 100 55„ X 68 70 7% prior preferred.. 100 Oontlnen Pass Ry—See Pblla R T Ouban Telephone com 100 27 7% pref—100 B'way A 7th Av RR—See N Y Rys Broad River Power 55 X 46 Consumers Gas 7 15„ —- — 43 • Bridgeport Gas Light.. Bridgeport Hydraulic Ot dr 50 - 103^ 0% cam pref series D 100 95 5**% preferred series E 100 5% preferred series A .100 36 Consolidated Gas (N Y) com__(t) d 05 preferred. (t) d 72 K Oonsol Gas Utll class A (t) d ' Class B v t C——.........(t) d Oons Trac of N J—See P 8 Oorp Oons Trac (Plttsb)—See Pblla Oo 65 20 X Preferred ................100 77 101 64X O&nada Nor Pow X n 30 (f) d Oons Gas E L A P (Bait)-(no par) d Boston Elevated KB com 100 Brazilian Tr Lt A Pow ord——(t) Preferred series A d (t) 6%— 100 Community Water Ser com —(t) Ooney Island A Bklyn RR—100 Connecticut Elec Serv com.._ Ct) d Connecticut Power.... —25 d Connecticut Ry A Lighting... 100 24 102 98 Blnghamton LHAPI6 pf-(t) Birmingham Elec 07 pref (t) 00 preferred (f) Birmingham Gas $0 pref—..(J) a Blackstone Val Gas A E pref ...oO d Bleeck St A Ful Fy—See N T Rys Oorp A.. .... First preferred 99 %leg Green Mt Pow .... Community Power A Light— 1 5X 28 Common rights Optional warrants 10X 26 40 100 —— 00 pref.. Oom'wealth Utilities cl B 85 Oommon class B_. —(t) Preferred class A 7% it) Preferred class A •% (t) 06 cum conv pref ser A. (t) $6 conv pref ser B (t) Gen Italian Edison Elec Oorp— Amer shs for ordinary stock Gen'IPubllc Utilities 07 Pfd-.(t) GeirWat Wks A Elec com A__(t) 7% preferred— ...(}) 96 X pf(with com purch war)(t) Georgia Power 00 preferred...(t) .mmmm $8 int bear allot ctfs.... Allotment certificates -<t) AssoclatedTelpATeleg (06) pref (t) 17 first pref 100 Associated Telep Utilcom A., (t) 100 34 /) 63 55 Utilities com.(t) 30 52 Columbus Ry PAL 1st pf A 0%1OO Preferred ser B 6 X % 100 7% pref 33 20 Oorp 06 pref._(t) Greenwich WaterAGas 0% pf.100 Gulf States Util 06 pref...... 70 (t) d 05.50 pref (f) d Hackensack Water.... 20 d Preferred 67"" 25 d Hamilton Gas common.... 60 d 61X Hartford Electric Light ~25 d Hartford Gas com 26 d Preferred. ~2X 1—25 d 5-16 Havana Elec Ry com....... t d Preferred 40 "ujo Haverhill Elec Light. 25 d Haverhill Gas Light 25 d Holyoke Water Power.......100 X Houston Gas A Fuel pref..... 100 Houston Ltg A Pow pref 7%..100, Houston Natural Gas pref. ...... 38 50 32 100 B .... „ Debenture rights Bell 12 .....100 5% preferred series d Gas A Elec of Bergen Oounty.100 Gwn Gas A Elec (Del) com A -(f) ——100 Columbus Del A Marion |7 preferred Associated Pub 55 2 100 d (t) d 0% preferred series A , 9 30 (t) 100 A Power units., (t) Franklin Telegraph (guar) 100 Galveston-Houston Elec Oo—100 Certificates of (t 8 (t) Florida Power A Lt 07 pref Florida Pub Serv 7% pref 10 d * 7% preferred -.100 Oitlzens Gas (Indlanap) com..25 d Preferred ------lOO Oitlzens' Pass Ry—See Pblla R T Citizens Traction—See Pblla Oo 0% preferred Cleveland Railway 15 3 .(t) (t) 10 d B— Preferred BB— Cities Serv Pr A Lt 00 pf Bid. Par. A com Fltcbburg Gas A Elec Light— -50 .... 58 48 Stocks. federal Water Service $6** preferred 07 preferred X Olty Pass Ry—See Reading Tr Olty Ry (Dayton, Ohio). 100 Preferred 100 Oleve Elec Ilium common ,(t) 60 .... d Ail. d d d _.— 15 d (t) Preferred 20 Cincinnati Gas Transp..—-100 Olnc New A Gov Lt A Trac...100 Preferred —-—,—100 Cincinnati Street Ry—...—50 Olncin A Suburb BeU Telep...50 Cities Service com 1 Preferred ..............—100 Preferred 13 35 Arkan A Mo Pow 7% pref 100 Arkansas Pow A Lt $7 pref..(t Associated Gas A Elec com., (t Common class A 5 25 Bid Par. Stocks. Cincinnati Oar Oo class B Amer Public Service 7% pref.100 nonas 82 PUBLIC UTILITY STOCKS Par Stock*. Bid. Memphis Natural Gas———— Memphis Pow A Lt. 7 % pf-no par Metropolitan Edison Co com—(J 17 preferred V] O $6 preferred series $6 cum pref without Stocks. 2% 75 50'" 35 (1 tt war—(T Middle West Utilities Ask. Midland % A d -- -— 6% prior lien-----7 % preferred class A- 10 100 preferred class A——100 Ry. Elec. 3% 8 Light— A 65 Miiw Nor Pow new 88 94 95 100 ------------ 60" Minnesota Pow A Lt 7% pf—100 Miss Power & Light 6% pref.—— , 75 38 45 72 28 100 pref- M sslssippi Riv Pow Missouri Pub Ser 7% pref—-100 Mohawk-Hudson Power lstprf(t) 65" 33" z 20 com 12 10 Preferred (t) Pacific Telep A Teleg 100 Preferred 100 Paterson A Passaic Gas A El. 100 Pawtucket Gas pref 100 Peninsular Telep Go com (t) Preferred 100 70 $6 preferred ::. Warrants. Warrants B 18 7 7c preferred 6 7o preferred preferred •8 Nat Public Serv Oorp A Glaoc B common 22 X 41 100 6 50 88 35 72 2 244 5 2 100 d 3 X ft) « com—(t) d 1344 "2" 58 40 54% 55 X cum 12 92 -100 deferred New England Power. Co. pref 100 com—(t) (t) $7 preferred ■ (t) $6 preferred — (t) $6 convertible preferred (t) New England Pub Serv $7 prior preferred-- 60" $6 75 1 17 5 28 80 3 23 5 89 6% Pf-100 45 —_o0 57 74 70 7% preferred Y Power A Light Corp N Y Rys Oorp $7 Pref -(t) Bleecker St A Fulton Ferry.100 17 75 70 75" 70 74 Power Corp of Canada 95 97 68*4 75 ~3X "3 k X .... 6% preferred North North Amer Nor Edison Amer Amer h6/* 30 0% preferred 100 Public Serv. Co. of N.K $0 pl.(t) d Public 8erv Oorp of N A—(no par) d 8% preferred 7% preferred 6% preferred $5 preferred 32 55 60 Light A Pow— — (t) 30 34 10b d 100 36 39 144 0% preferred-————100 7% preferred 100 12 Nor Indiana Pub Ser 0% pf—100 (C 244 53 60 100 64 Service of Okla 7 % pref 100 6% preferred10P Puget Sd Pr A Lt $6 pref (t) 35 39 $5 preferred. (f) 65" 72" 59 Quebec Power common (t) Queensboro Gas A El 6% pf__100 Nor States 50" 100 46 48 Radio Oorp of Amer.. 7% cum pref A 100 42 47 Power (Del) com..100 Preferred 100 7% 50" 100 59 Northwest Bell Telep 044* pf_100 101 Northwestern Teleg (guar).. 50 d 16% Nova Scotia Light A Pow com(t) d Ohio Bell Telep pref Ohio Edison So pref 52" Rhode Isl Pub Serv pref Class A 62 Rochester Central Power 104 58" 63" 74 78 Ohio Power 6% pref Oolo Public Serv pref A d .100 (7%)_100 %■ 0% preferred................ Ohio River Edison 7% pref 100 Ohio Valley Gas common... d Oklahoma Gas A Elec 7% pf..l00 Okla Nat Gas Oorp 644 % Pf—100 44 .... 67 :-.-- 73 52 • .—. 65 70 3 4 Purchaser also pays accrued dividend, 2% 17 22 66 d --- 14" A u ... d .. (f d cam..".5< d (t (+ Z"(t) . "244 3 444 —- 43" d "4 7% pref 10« (no par • 13 16 62 100 ZZZI —60 d 50 d Annapolis Preferred 25c". 25c. Washington (D O) Gas 20 d Washington Gas & Elec 7% pflOO d Wash (D O) Ry A El com 250 100 Preferred •• :m Western Massachusetts Cos Western Power Oorp Preferred « ^ ' 295 82 100 IZZZ (f) d "I"" 25 d 26 100 8544 100 ... 17"* West 25 Telegraph 100 Elec Oo Class A— (f) d 7% cum preferred 100 Penn cum m ^ •• 78 100 pref — 100 7% pref 26 100 8644 35 100 Winnipeg Elec Co (t) dr Preferred 100 Wisconsin Power ALlght 0%pflOO 7% preferred -..100 Wisconsin Pub Ser Oorp7%pf 100 ) 17% 3844 70 •' r Wisconsin Telep 7% pref 100 Fork (Pa) Railways comman—50 d Preferred 50 d 90 IX (t) (1 (+) xd 60 1()0 com 6% preferred 97 45" *144 0% Roch Telep $6V4 pref 100 Rockland Light A Power 10 Rocky Mtn Motor com A 25 Preferred 100 9t Louis County Water pref.100 2 1% d d West Penn Power 50 11% 79 d (t) 40 Serv. d d Class B 7 % cumul pref Virginia Elec A Power 19 40 101 X 12 X 1144 77 Western Union 35 Pub X 9 87" 4 20 35 Louis Z( 49 (f . Washington Water Pow Oa_ Wayne United Gas 55 40 "2 -■'•I X "•** — * Is"" 5 58'" 80 98 ,89 62" 85 102 50 mmm 25 ..... (t) Preferred series A.. —(f) San Joaq L A Pow pf A 7%—-100 7% prior preferred ... 100 6% prior preferred d Price per share, not per cent, 8rice, s Sale(t) Without par value, u Ex-warrants, price. J New stock, ixohange. 10 -.100 100 St zzzz 47" si* i!B 9 144 48 40 .... 42 3X 3% 35 Wash Bait A 35 B..100 0% preferred series O 0% preferred series D (f) d (t) 49 15 4 24 8444 IX 100 Rochester G A E 7% pref 24 (f) d ... (t) 6% preferred 100 $7 preferred Ohio-Kentucky Gas o b%_cumbref B (t) Rap Tran St Ry—See P 8 Oorp Rhine-Westph Elec Pow Amershs 100 Northwest Electric 6% pref..100 Preferred 53 (t) —50 344 3% 23^2 IX d 72% 65 100 96 103 ~—~(t preferred.. Virginia Pub Serv 7% pref .100 r — $6 .... 30 93 95 Utilities Power A Lt Cl A (no par New when issued 35 -—100 com $6 preferred UtJca Gas A Electric 89. Publfc 90 8 101 11 Pow & Lt cl A $7 preferred 78 65 23 14 40 'v' d .......ZZ( Utah 88 46 1st pref cum. 2 144 (t) d (L d d com (Bait) 98 71% 60 Oorp _ 85 Nor Ontario Power Co 6% pref 100 Nor States Power (Wis) pref. 100 - 3144 10244 49 7 * El of NJ 5% pf.100 Pub 8erv com... $7 preferred United Pub Util $0 pref... United Rys A El 75 34 X 109 136" 0% preferred 7% preferred 46 pre?1100 United 55 70 18 $6preferred——*.....(t) d 6% 65 50 Public Service Oo of Nor Ill__(t) 30 7% preferred 0% preferred— Northern Tex Elec Co 1544 17 20 37 Northern N Y Util pre/ 17 60 51 95"" d United Gas A Impt vot $5 cum pref (non-vot)II_ 10 15 14 Gas 4% 61 48 d United HI Co of New Haven.. ( United Lt A Pr com A ( Common B 132 Pub Serv El A G $5 pref— (t) Public Serv of Ind $7 pref... (t) 4 58 (tN pref series A Warrants 102% 6% 30 preferred i%r'°rred" Preferred. 100 80 (t) d Northern Mex Pow A Dev comlOO 100 100 .... (f * $7 Rapid Transit St Ry Co 100 Jersey Gas A Elec Trac..100 (+) North Continent Util com 6 g° ted United 444 109" Consolidated Trac of N J..100 "x Utility Sec—Gom_(t) 1st preferred— Nor Bost Ltg Prop com Preferred par) a d (free stock) Certificates of deposit d Public Serv of Oolo 7% pref.. 100 14% —50 $0 pref—(t) (no com 85 Uniteu Gas A Elec Oorp .100 Providence Gas 1" arx 19% 75 Warrants 81 100 com__(t) 1744 56 58 57 United Oorp ~3k; 36 73 85 54 preferred (0%) $3 cumulative preferred A Cable 7% pf_100 Preferred Power Securities - (t) 50 76 mi. ¥m 80 100 7% preferred 100 Union St Ry (NewBed.Mass).10< 18 Postal Teleg m. 30 X 68 preferred—100 :S: II" Potomac Edison Co 0% pref.100 d 63 Potomac Elec Pow 6% pref.. 100 x 107 W 544% preferred 100 rx 102 M 98 $7 preferred ser A i (t) $0 dividend pref (t) Y Telephone 014% pref—100 Niagara A Hudson Pow 10 Option warrants A "9" pf__i00 44 . Twin States Nat Gas partlc A ".(t) d Union Elec L A Pow (111) 0% pf. Un El L A Pow (Mo) 0% pf—100 50 Portland Gai A Coke, 7% Porto Rico Telep com . ... —60 Piedmont A Northern Ry 100 Pittsb A BIrm Tr—See Phlla Go Porti Elec Pow 6% pf 100 . Option warrants B Option warrants C North American Co com West Phlla Pass guar Phlla A Western Ry com Preferred 8 8 (t) (t) com 1 — 70 X Serv 0% preferred 1(K 5% preferred 100 TrI-Oity Rv A Light pref 10< Trl-State Telep A Teleg (f d Preferred if d 23d Street—See N Y Railways Twin City Rapid Transit. d Preferred 50 Preferred -———100 NY Steam Co com. (t) - 12 20 50 - N Y A Richmond Gas 6% pref lou New York State Rys. com 100 106 60 7l" 1244 25 Terre Haute Tr A Lt pref 100 Tex-Louislana Pow 7% pref—100 Texas Power A Light 7% pref. 10C Third Avenue Ry (N Y) 10C Toledo-Edison pref A (7%)—100 ... Philadelphia Traction Ridge Ave Pass ($28 pd) X ~8% 27 ...100 1st ... 2d A 3d Sts Ry guar 13th A 16th Sts Pass Ry Union Pass ($30 5-0 pd). 50 ...50 Union Traction ($17% pd)._60 65 24 100 d Tampa Elec Oo (t) Tennessee El Pow 1st pf (7%) 100 25 19 B'way A 7th Ave guar -100 Christopher A Tenth Sts—100 Eighth Avenue 100 New (t) 42d St A Grand St Perry.—100 Sixth Avenue old 100 Twenty-third St guar .100 N Y A Queens El L A P com.. (t) Preferred——------—— 100 3 IB"" 10 Pub Syracuse Ltg 0% 044% preferred 8% preferred 40 20 3-16 33 Telep $7 pref (f) Sub RT8t Ry—See Pbilo do Superior Wat LAP pref lb^ -- 47" 67 -100 7% preferred- 2 — d 100 50 X 15344 mm .. Standard 2644 Phlla City Pass Ry ($22% pd)50 Phlla A Darby Pass Ry 60 Phil A $0 pf it) 90 Swiss American Elec pref 25 76 94 30 Class A partlc stock Units 92 X d d Gray's Fy ($25 pd) 66 24 Standard 8 51" Germantown Passenger 50'd Green A Ooates Sts ($15 pd)_50 d Hestonvllle M A F com 60 Preferred 50 59 (t) d ——100 N Y Cent Elec Oorp 7% pf—100 N Y Mutual Telegraph —25 d 10 Frandf'd A Soutbwark Pass.SO 79 60 Per pref_100 pref(t) N J A Hud Riv Ry A Now Jersey Pow A Lt $0 New Orl Pub Serv. com d Continen Pass Ry ($29 pd)__60 Fairm't Pk A Haddlng'n 50 55 --- — 25 50 12 64 74 25td Preferred 92 12 10 6 80 8 Class B 45 50 d .50 d Philadelphia Elec Co $5 pref—(t) Phlla Elec Pow pref 2o d Philadelphia Rapid Transit 50 d 7% preferred 50" Citizens Passenger guar 50 8 5 15 "5" 35 Pittsburgh A B'ham Tr 10 Telep A Teleg—100 prior pref--- New England 22 26" 25 Sub Rap Tran St Ry United Traction pref 10 18 92 N Eng Wat LAP Asso New Haven Water— N 50 4 70 ...... 16 10 J 45 .(t) 16" 50d Duquesne Light 5% 1st pf.100 Federal St A Fleasant Val_._25 « Monongahela Lt A Pr 50 « Monongaheia St Ry 50 d 90 Class O 57 8 50 d Traction Consolidated Tracipref 70 50 14% —. Sprlngf (Mass) St Ry Cos pf 100 Spring Valley Co 20 d Standard Gas A Elec com (no par > d $7 cum prior pref.. (f) d $4 cum preferred (t),d $6 prior pref (t)ld Standard Pow A Lt com .(f) inZZ—(f) 24 (t) « 50 » pref ... ... 19 Free stock 30 20 18% 25 d (t) dr 11 Pr6f6!T6di 20 20 50 d 1744 d d (t) d Springfield Gas A Elec pref t Springfield (Mass.) G L Oo vtc.25 §5" 9 50 « ..... Allegheny Traction— 45 45' com cum 60" (t) d new Citizens 65 . Peoples Light A Pow com A—(t) ® Phlla Co (Pittsburgh) 50 d 87" Class B New Eng Pow Assn 100 544 17% 17% d ....... 62 Pennsylvania Water A Pow__(f) $0 87 30 67 35 8 --- 75 72 (t) 35 5 6 50 73 (+) » S5 preferred % preferred 2 4* 1044 32 27 4 d $644 preferred Southwestern Bell Telep pref.l Southwestern Gas A El 7% pf.100 Southwestern Lt A Pr com A.. *'' Common class B 27 $0 oreferred Com 944 29 So Jer G El A Tr—See P S Ooro Southwest Gas Util com 24 644 24 Southern Indiana G A E 0%pf 100 7% preferred 100 Southern New Eng Telep 100 $5 preferred 15" " —(T) ——— 82 (t) People's G L A O (Chic) a Preferred 100 Southrn Ottles Utilities $6 pr pf (t) d Southern Ool Pow com A 25 d Preferred -.100 South A Atlan Teleg (guar) 25 65 79" d Southern Canada Power 1644 77 Participating class A stock, (t) Penna Gas A Elec Co 7 % pref. 100 Pennsylvania Pow A Lt $7 pf.(t) « 8 100 a $314 conv pref (with warr)—(t) d Nebraska Power, pref— 100 Nevada-Calif Electric, com—100 Preferred -100 Newark Consolidated Oas 100 New Eng Gas A El Assn $6 Pref— $544 preferred stamped (t)d Unstamped d 7% pref 125 60 72"' 25 25 25 25 644% preferred series O 0% preferred series B 7% preferred series A Sou Calif Gas Corp $044 pre? Sou Calif Gas Oo 0% pref 65 50 4 6% 5344 Warrants South Calif Edison common . 25 --100 65 Participating preferred 80 84 Penn-Ohlo Pow A Lt 7% pref. 100 $0 preferred (t) Penna Gas A Elec Oorp $7 pref (t) National Power A Light com—IT) 14 14 8544 11 (f> d —(t) d Preferred ($7) 62 X Penn Central Lt A Pow$5 oref(t> Penn-Ohlo Edison 7% pr pf—100 70 Municipal Service preferred — <t> Nassau A Suffolk 7% pref —100 National Elec Pow cl A -(t> 22 X 22 60 Ask. 100 ...... Somerset Un A Middlesex Lt.100 Southeastern Pr A Lt com__(D Pacific Pub Serv ser A com—(t) Common non-voting 65 d 22 I2" d Prior preferred.. Preferred Pacific Pow A Lt 7% orefv. ..100 preferred-. It'" Monougahela L & P—See PhllaOo Monorigahela St Ry—-See PhllaOo Monon West Penn P S 7% Pf-26 d 17 Montreal L H A Pow. Oons.(tidr22 Montreal Telegraph -40 dr Mootreal Tramways, com 100 or 1 Mo intaln States Power. com.(t)d 40 7% Preferred ---100 85 Mountain States Tel A Tel 100 Second 21 22 preferred.. $0 preferred Second Ave RR Oorp (NY) Shawlnlgan Water A Power ._(t» Sioux Gity Gas A EI 7* pf-.lOO Sierra Pac Elec pref 100 1844 2044 25 d (f) d A (t) t) d 0% warr—(t) (t) 18 11 1844 Bid Par Savannah El A Psw deb itk..l00 Seaboard Public Service Oo— $3.25 conv pref with 100"" 8 25 d 25 d Preferred <$0) }00 6% pref. series 1921------100 6% pref.Beries 1892-1897--10<> Milwaukee Gas Light 7% pref 100 Lighting Corp r r 25 d Pac North went Pub Serv —. lien—luO Midland Util 7% prior 8% Mllw. Pacific d Warrants 6 .100 First preferred (5 X %) d United Go com Oonv pref A Stocks. "2" Light Heat A Pew.—100 Preferred ...100 Ottawa Traction Pacific A Atlantic Tel (gu) Pacific Gas A Electric First preferred (6%) Warrant B- Midland Nat Gas class Ask. Ottawa . Warrants A Bid. Par Dm A Ooun Bluffs Ry A Bdge pf. Omaha A Council Bluffs St Ry 100 Preferred 100 v Old stock, x Ex-div. 100 h Ex-stock dividend, v Ex-rights, k Last sale. I In London, n Nominal, r Canadian z Minimum price established on Montreal or Toronto Stock Industrial and Miscellaneous Securities Under the heading "Industrial and under the previous two headings, namely ever, put we include all issues which do not Bid. Bonds. Abitlbl Pow & Paper— 1st M 5s 1953 ser A Abraham A Straus Ino— Deb R4s 1943 with Bid. Bonds. At*. Ask. 65 JAJ Bohemian (First) Glass Works— 1st 7s 1957 without warr-.JAJ 97 34 18 184 Borden Mills lstsf6s 1934 65 70 66 — 50 59 Boston Term Oo 34s 1947-FAA Botanv ^nnRol Ml'*® 6*34 AAO Certificates Ox deposit 48 50 75 Bridgeport Brass— Adams Hixp coll tr g 4s CoII tr g 4s 1947 *48 MAS J&D f J&D f 8a 1936 24 mm 88 92 78 82 9 - 6 5 Alabama Oons Goal A Iron— —— 6s 17 MAN "2" Alabama Mills 1st 0 4b '43 A AAO Ala Steel A Shlpbldg—See Tenn O. I & Alaska Gold Mines deb 6s'25MAS / 104 Deb 6s 1926 ser B MAS / 104 Albany Perf Wrapping Oorp— 15 M 5s 1933 Buffalo A 8usq Iron 5s 1932 JAD k 53 67 17 20 304 304 32 32 664 Deb gold 6s 1937 MAN Alpine Mont&n Steel Oorp— 1st b f 7s 1965 MAS Oonv 584 1952-MAS Aluminum Ltd s f debt 5s "48-J&J k Amalgamated Sugar Oo— 1st s f 7s 1937 AAO Amer Aggregates Oorp— Deb 6s '43 ser A with war.F&A Aluminum Oo debs 6s Canada 1st A gen m 70 78 '43-FAA15 6« 1941 ser A .AAO SS L deb 5s Canadian Cottons 5s _ 25 35 Canadian 23 33 American Beet Sugar Go— Oonv s f deb 6s 1935 16 20 Amer Ghaln 424 44 25-yr guar 5s 1955 Canadian Power A Paper- Amer A Continental 5s 1943 47 49 Amer Oyanamid deb 5e 1942. AAO Amer Ice Oo deb 5s 1953—JAD 65 72 FAA 1933...AAO Amer IG Gbem Oorp— Oonv deb 6 4s 1949 554 MAN International Oorp— Amer 684 71 1024 40 75 27 — 85 *47 M&N Mill— American Rolling _ 85 85 474 20 2 64« 1934.-JAJ / 74 1947--AAO Amer Solvents A Ohem Oorp— 10 8 f deb 6His 1936 with warMAS 100 Amer Sugar Refg 6s 1937—JAJ 91 Amer Thread 1st 5 4s 1938.MAN 91 Am Tobacco deb 4s 1951.-FAA Amer Service deb Amer Smelt A Ref 5s Amer Type Pdrs deb g Deb gold 6s 1939 Deb gold 6s 1940 1st 6s 1947 4 93 (Laurentide)JAJ fr Wayagamaek series Capital Admin Corp— k Without warrants Ohateaugay Ore & Iron— 12 IB" 24 MAN 5 M Armour 54s 1943 ser A A Oo—Real estate Armstrong Oork deb 5s Arnold Print 30 45 - 1940 JAJ 1st mtge 6s 1941 Oomm'l Credit 6s 1934 MAN 144 Atlantic Steel 1st s f 6s 1941.JAJ 85 344 914 ser A FAA Oorp— AAO 34'" 48 64 Firestone Cotton Mills 5» "48M&8 k 100 Firestone Tire A Rub(Oan)7s 1937 22 Firestone Tire A Rub of Oallf— 25 89 87 964 834 834 Flsk Tire Fabr 6 4» 1935 c - Fleischer (S B A W B) 6s 1939— / Certificates of deposit Flour Mills of America Inc— Oonv g 64% 30 314 Foreign Power Secur Corp— 41 Fox Film Oorp deb 6s 1936<&A&o Framerlcan Ind & Dev Oorp— 106 89 50 56 15 Nat Mail S3 Lines 6s *52 Reld Supply 6s ' 0-yr 6% 1934 notes 45 11 12 1st 6s 1940 JAJ Oorp 1st 6s '46-JAD15 5s 1943 with warr_.JAD 30 35 20 22 834 85 Gen 25 30 3 7 Gen Baking deb 54s 1940-. A&G General Bronze deb 6s 1940M&N Oil General American Investors Inc— Deb 5s 1952 ex warr ...MAN 1st M conv s f 08 1940 84 15 103 6b1934-M&N Corporation Securities Oo— 5% serial notes 1932 MAS 5% serial notes 1933—-MAS 5% serial notes 1934 MAS 5% serial notes 1935 ...MAS Oosgrove Meehan Coal 04s 1954- / "4" Corn Prod Ref 1st g EqulpS 481932-1934 Equip 4 4s 1942 Eq tr 4 4t- 1932-45 104 General Cable l Crane Oo FAA 554 58" General Indus Credit Alliance Oorp— Deb 54» 1938 with warr.MAN 634 68 General 80 98 70 714 80 4 Crown 744 Grown Zellerbach Canadian price. 20-year sink fund 6s 1947--JAD Wlllamet Pap 6a *51 -JAJ 1940 with ILast sale warr I In London, n 25 M&N Laundry Mach'y Oorp— General Motors 74 60 634 484 494 s 10 .... Acceptance Oorp 1937—F&A 1933.. M&S 1934 M&S 1935— M&S 1938 M&S notes notes notes notes Gen Petrol 1st 5s Aug 16 1940 30 Nominal, 6% serial 5% aerial 5% serial 6%serlal b / Sink fd gold deb 6t 714 30 24 Deb 64b 1937 63 95 J&D Oonv deb 8 4s 1944 Oorp— MAS Crucible Steel Co deb 5s '40-M&N Deb 6a 38 101 ....MAN Alcohol— Deb 6 4 8 1940 Deb s f 6s 1948 934 784 254 Oorp— Gen'I Elec 34s 1942 opt F&A Gen Elec (Germany)78'45_J&J16 80~" 47 b —944 1st mtge b f 5 4s 1947 ser A. J&J General Cigar serial 6s 1935.J&D 70"" Crowley. Mllner & Oo— Deb s f 64a 1937 MAN Crown Oork A Seal Oo. Inc— 8% 8% 8% -M&N F&A J&D Amer Transports System— Eq tr 4 4s 1932-'46 (yr)._M&8 93 5% notes 1940 70 F&A General Amer Tank Oar Oorp— Oo— 1937- JAD Continental Sugar 7s 1938—FAA / This price includes accrued Interest 274 M&S 384 Continental Roll A Steel Fdy— 75"" 74 F&A 88 MAN MAN Beld'g-Hem'way6% notes *36 JAJ Belgo-Oan Pan 1st 6s 1943.JAJ Beneficial Indus Loan Oorp— Oonv deb 6s 1946 ---MAS Beth'm St 1st 1 A ref 5s '42-M&N Purch money 5s 1936-—JAJ Penn-Mary Steel 5s 1937-JAJ 15 103"" 55 1943—J&D Equip 5s Oct 15 1932-1938 ——JAJ Oil deb 6s 1936 834 Fruit Growers Express— 10 Beattie Sugar 74s 1943 —— Beech Creek C A O 6s 44—JAD 25 _J&j 1942.M&N15 4* 1942 A&O / 7 4s 1942. Francisco Sug 74s French 10 42 6s 1949 ser AJ&l) conv Deb Prick 694 55 46 notes 1946.AAO Fraser Co deb 6 95 48 -- - 84"" JAD Deb 10 144 134 JAJ - Gel.^euklrcben Mining Oo— Continental 724 184 f 54% notes 1931 19 Deb 6 4a 34 704 72 Sf 5s 1942 MA8 Ruhb Co 1st 8s 1941-M&S Flsk io5~" Container 92 15" 58 65 45 Consumers Oo 90 62 r Without warrants Garlock Pack Oo deb 6s '30.A&O 82 Oorp— warr.FAA r 1948 Gannett (Jo deb 6s '43 ser A MAN 60 11 38 20-year deb 64" 1948..-AAO Farmers Mfg Oo 7s 1943 M&8 / Federated Metals s f 7s '39—JAD Fiat s f deb 7s 1946 J&J 1958 Oonsol Tobacco 4s 1951 Deb s f 6s 1942 wltn Without warrants b Basis. f Os 754 Consol Coal 4 4s 1934 opt 1st A ref s f g 6s 1950. 64% notes 1932 MAN 64% notes 1933-38 MAN Works— 3-yr 54% notes 1933—M&S 1st g 5s 1940 MAN Baraqua Sugar (Oomp Asucarera Baraqua) 7 4« 1937--—JAJ 15 Batavlan Petrol 44s gu 1942 JAJ Stock Exchanges, s 10-year coll tr 64s 1936 JAJ k Oonsol Textile 1st 8s 1941--JAD k 31 Baldwin Locomotive UflHcnn 64s 94 Balaban A Katz Oorp— 254 JAJ / f 6s 1939 s 87 Loan M&N Plywood Oorp— Oonv deb 5 4e 1943 Autocar Oo. 1st 7s 1937 Bayway Terminal— 1st m 64s 1946 1st Consol Publishers. Inc— 34 4 conv 105 ser 64% notes April 15 1936-AAO Oonsol Mach Tool 7s 1942 JAD Inotead of bds m Sink fund deb 5s 1942 Famous Players Canada Consolidated Laundries— Ooll tr g 5s Jan 1 1959 JAJ Atlantic Refln deb 5s 1937.-JAJ Bates Valve Bag 1st 30 26 MAS Fairbanks Morse A Os— See Ger A Com Bks (For Govts) Atl Gulf A W Indies 88 Lines— Atlas 1st 17s 1967 serO Fabrics Finishing Oorp— 1st col tr A..M& Oomputlng-Tabuiating-Rec Oo Agrlc 34 364 FAA war 39 54%notes'37(Ampartctf)MAN 1948 10 20 19 1943.-FA A Colo Indus 1st 5s A & B 1934 Osmmander-L&rabee Oorp— 54» 2 32"" Colon Oil deb 6s 1938 g 50 European Mtge A Invest— 1st 1 7 4s 1950 ser A MAN 1st 174s 1966 ser B FAA 21 B 50 95 warr.. JAD KrnHNM>Kre<1a 7s 54 with 934 28 Oonsol Certificates of deposit dep stpd stk 8 26 series 84 Empire Oil A Refg Oo— 1st & ml tr 5 4« 1942—AAO Ermita Sugar 74s 1942 70 Small 56 Without warrants " 10 1 23 Deb Atl Fruit A Gtfs 5 68 1943 Rs 11 50 I llcagn Stock Yards 5s 1901- 25 6K% gold notes 1933 JAJ 8S deb 7s *34—JAD ■ lommonwealth Subsidiary Oort OoS k 88 234 28 49 20 ttardw 70 24 45 Associated Rayon 5s 1950 46 7%notes 1931 with 23 i 974 aluiuioiis 99 Tool Co— f 54s 1942 s k Conv deb 6s 1948 6 Oonv deb 5 4s 1949 1 Commers-und Prlvat-Bk(Germ'y) 9 38 44 ateel 5s 1931 ctfi—F&A Elk Horn Coal 1st 64s 1931.JAD 814 87 66 97" 35 Eastern 81 88 36 80 55 49 Associated 71 82 534 Wks 6s 1941.-AAO 69 , Stamped Oomm'l Invest Trust Corp— Asbestos Oo?p of Oan 5s 1942.JAJ r Asbestos Oorp Ltd 1st 6s 1941-JAJ General 6s. I960-. JAJ r AssoHwt.cd OU (\% noto" '35.MAS 684 5 5>4 1st mtge sink fund 6s 1942. JAD Sug 7 4s 1937 MAS 78 "40—AAO 1940 AAO 63 1940.JAD 254 East-r. 354 MA Oonv col 6s 1947 Chic Jet coll tr ref g 4b 52 1st JAD 1939 opt gold 4Kb 504 JAJ 6 Chesapeake Corp— Armour A Oo of Delaware— 1st 83 70 Col Fuel A Iron s f 5s Amoskeag Mfg 6s 1948 JAJ augiu-Chilean Oons Nitrate- 61 24 4 Rentenbank— Gonnacona Paper— 1st s f 54t 1948 ser A FAA Donner Steel 7s 1942 JAJ Dow nhpmlcal 6% notes '40-FAA Driver Harris Co— 374 63 JAJ 1942 Chile Copper Co deb 5s 1947 Clearfield Bit Coal 4s 1940—JAJ 30 80 73 Caterpillar Tractor 5« 1935 Foundry May 1931-T" Central Steel 1st 8s 1941—IV Certain-teed Prod Oorp— Deben s f 54s 1948 M&S Oespedes dugar 1st 74s '39.MAS Stamped Chapln-Sacks, Inc— Coll tr sink fund 7s 1934-JAD Deb l66~" Certificates of deposit.. Central Ohlc Pneumatic §5"" Dominion Tar A Chemical Co— Deb s f 6s 1949 ser A JAJ 2 Dominion Textile 6s 1949.... 60 irk 64 . 15 Domln Iron & 8teel— Con 5s '39(currency series)M&S 804 J Chllds Co deb 36 85 5 Oomln Coal 5s '40 op *10—M&N Dominion Glass 6s 1933—J&D2 6 344 94 394 20 "42M&S '39-JAJ —JAJ Deb 7b 1945 Deb 54s 1958 Ooll trust ref 5s 25 1004 59 Internal Paper— si" MAN AAO Amer Writ Paper s f 7-6s 27 744 774 25 1st Guar gold 4s 90 6s "37-MAN Amer Wire Fabrics 1st 7s 30 _ 1948--JAJ 1933. MAN conv 6s 1936..JAJ Sinking fund deb 5s 44% notes Amer Seating 714 1034 38 64% g notes Apr 1 1934.AAO American Meter 6s 1946 Amer Radiator deb 4 He 554 _ -JAJ 6Xs 1949 Am Mach & Fdy s f 6s 1939.AAO American Metal Oo Ltd— Oonv American Piano 6s 1935 704 87 .... Farm Ln s f 0s Oct 15*80 AA015 Dodge Bros deb 6s 1940 M&N Dodge Mfg 1st 7s 1942 J&J f Gold (Jac) Pack 1st 6s '42.M&N Dominion Canners 1st 6s '40 A&O 3 53"" M 6s 1949 Canadian Nat Steamships— Without warrants.. 60 / OO 58 Deutsche 76 1d46__AAO 1940—JAJ2 Oons Rub 6s Oanad 59 80 ^amaguey Sugar 7s 1942 AAO 15 Oan Cement 1st 5 4s 1947.MAN 32 384 55 FAA f deb 5s 1939 s 81 k 344 1 76 3 69 55 80 By-Products Hoke Oorp— 1st M 5 4* 1945 «er A A Oady Lumlier 6 4s 1939 —MAN / California Packing Oorp— 58"" 394 504 Bush Term 1st 4s 1962. Mfg Oe— deb 6s 60 26 134 32 ser Dery (D G) 7s 1942 stpd—.MAS Second stamped Denver Un Stk Yds 5s 1946..JAJ Deutsche Bank (Berlin)— 6% note'32(Am part ctfs) MAS RR 13 1935 984 6s 1937 ser DD De Bardeleben Coal Corp— 1st mtge 6a 1953 JAD / 52 254 1st M coll tr 6s 1948 AAO Alberta Pacific Grain 6s, 1946 Algoma Steel 1st 5s 1962 AAO Allied Packers deb 6s 1939.-JAJ / 1st M A coll tr 8s 1939 JAJ / Allls-Ohalmers "B" 24 24 24 24 Stmpd with stk purch warr.. Certificates of deposit Oudahy Pack s f 5a 1946-—JAD Sink fund deh g 64s 1937 A&O Dairymen'8 League O0-0per Assn 75 14 14 Deb 6s 1950 JAJ Cuban Dominican Sugar Oo— 1st lien r f 7 4a 1944 MAN Certificates of deposit 36 70 -FAA 6s 1938—... J&D warr—A&O Boston Store (Ohlc) Bid. Bonds. Cuba Cane Products- 1940 1st mtge guar 4s 85 Acadia Sugar 5s 1946 cons appear of stocks, how¬ case exoept where marked "f" end income end defaulted bonds. "end Interest' Bluff Point Land Impt Oo— INDUSTRIAL AND MISCELLANEOUS BONDS. Abbotts Dairies deb 6s 1942-M&S 1st In the under separate heads, then follow with the rest of the "Industrial and Miscellaneous." NOTIOI.—AII bond priosi srs s we "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guarantee and Safe Deposit Companies" AJax Rubber Miscellaneous Securities" "Railroads (Steam)"and "Public Utilities." — 1004 1004 iv/* 94 97 100 Minimum price established on Montreal or Toronto INDUSTRIAL 84 MISCELLANEOUS & ■OTIOB.—All bond prloef or# "and Interact" Ask. Bonds. Bid. Gen Rayon deb fls 1948 w w.J&D General Refractories Oo— 20 30 35 40 2-year 5% notes 1933 M&S 394 Gen Stl Oast 1st 54s '49 w * JW 24 Gen Theat Eq deb 0s 1940. A&O 24 Certificates of deposit———— fk Gen Vending 0s 1937 w W--F&A German Atlantic Gable 7s 1945.. 20 German Bldg & LandBk 6 4 s 1948 Gesfurel—See Public Utilities Gillette Safety Razor— 79 Debentures 5s 1940———A&O 68 Glidden Oo 54% nofcee 35-J&D 58 Gobel(Ad'n04% notes 35 MAN k 60 Godchaux Sugars 74s 1941----Good Hope St & lr was (Germ y) S f g 7s Oct 16 1946—A&016 734 Goodrich (B P) 1st 64« 1947-J&J 37% Deb g 0s 1946 J&1) Goodyear Tire & Rubber— 64 41 22 80 70 60 \VA 74 384 24 A.. iy37---J&D fund deb 6s 1947--F&A Sinking Gulf States Paper 1st s f 64s 1943 Gulf States Corp— 26 5 91 92"" 84 85 „ with war. J&D Steel deb 6 4s 42 J&D 65 75 244 26 57 20 Oo deb 0s '34.F&A 85 88 Hanna (M A) Oeb 83 Sf6H% notes 1939wit 88 50 11 144 20 23 : -mm 99 6-year 5% notes 1936 A&O f Hayoca Corp 6s 1937Haytian Corp 8s 1938 Hoe (R) & Co 1st10He A'34 A&O Holland-Amer Line 0s 47-M&N HslMngshead fRM) Oo 7s 38 F&A f 39 Col tr 0% notes 1935 Mfrs Tr Oo ctfs of partlc 41 Namm & Son 6s 1943 24 Holly Sugar 6s 1943—— —— 7s 1936———J&D Cans 54 %_g notes 1930A&O 16 Houston Oil Co of Texas— 10-yr sec s f 54» 1940-—M&N Hudson Bay Mln & Smelt 0s 1936 Hudson Coal 1st 6a 1902 A.-J&D Hudson (J L) Oo— 19 204 50 38 51 Hsod Rubber 6% notes 1932 (s-a) F&A 6% notes 1933 (s-a) F&A Humble Oil & K 54® '32-J&S 16 1937---A&O Hungarian Disc & Exch Bank— Deb g6a 35-yr s f 7s 1963 —J&J ~8" 11" 64 9 28 20~~ Pac Fruit 27 52 554 58 284 95 1004 97 % 100 97 97 97 Pan Amer Indus Corp 1st 7» 1937 with com Pan Amer Petrol Co (of Calif)— 1st. oonv s f 0s 1940 J&DH Certificates of deposit Pan-Amer Petrol & Transp Oo— 67 1034 S f 6s 1934 90 100 34 54 5 Park & TUford Independent Brewing 0s 65 J&J Independent Oil & Gas— Gonv deb 6s 1939 M&S15 k Indian Refining Co— 6H% notes 1932 -J&D Tnd Limestone 1st s f 0s '41 M&N Inland Steel 1st 44» 197K..A&Q 1st m b f 44s 1981 ser B..F&A Interlake Iron Corp— 1st m 5s 1951 ser B M&N IB ernat Agricultural Oorp— 1st & coll tr s f gold 5s 1932 stamped ext to 1942 —M&N International Cement— Oonv deb 5s 1948 1950.M&N 27 warr.-M&N Merchants Refrlg 6s 1937 Metropolitan Chain Properties— 1st conv. 8 f 6s 1948—--M&N Metropolitan Wat Sew & Drain— Board s f 54s 1950— A&O Mlag Mill Mach'y 1st 7s 1956-- 35 36 H 97 5 Basis. and Toronto Stock Exchanges* L'hold ! 25 0s 1949 / / f 254 9o 50 Pittsburgh Coal Oo— Sinking fund deb 6« 1949. 704 75 45 55 604 71 50 60 9 4 20 1st f 54s 1942 (Socleta s Plttsburgh-W estmoreland 75 64 60 G1 314 > 34 40 s 62 f 44s '39AJ&JI 43 45 2 17 4 4 19 54 1937 with warr... Murphy (G O) Co— Deb 6s 1940— 9 70 40 80 Porto Rlcan Araer Tobacco— Conv 0s 1942-.........JA H fc 80 25 20 30 15 kf~V Price Bros & Co 1st 0s '43 A.F& Procter & Gamble 4Hsl947 Protestant Church of Germany— 30 5trh 72 X 99" 10 38 44 174 19 59 61 50 64 41 44 28 32 F&A Empire Tr certificates dep.. Bankers Tr certificates dep.. National Steel Corp— 1st s f 5s 1950 A&O National Tea 5s 1935 M&N Deb 63 65 16" 14 38 s f 6Ms 1947 6% conv notes 1938 M&N f f Certificates of deposit I 20 66 60^ 67 J4 64 k — ... 45 65 Newberry (J J) 54s 1940—A&O New Eng Nav—See N Y N H & H RR. New Eng Sou Mills 7s 1933 f 3 New Niquero Sugar 7s 1932.. 4l" N Y Dock Oo—1st g 4s '51-F&A Serial 5% notes 1938 N Y Evening-Journal— 63 94 98 1st m 50 54 1st m 1st m 1st m 1st 13 134 m & coll tr 6 Ha 1932..J&D & coll tr 6Ha 1933..J&D & coll tr 6 Ha 1934—J&D & coll tr 6Ha 1935-J&D & coll tr 64s 1936..J&D & coll tr 048 1937—J&D Foreign Investing Oorp— Deb 54s 1948 with warr.J&D 1st N A&O Y m 354 75 75 72 80 77 75 70 70 61 76 85 75 60 N Y & Hob Fy 5s May '40..J&D Hoboken Ferry 5s 1940--M&N 60 44 454 N Y & N J Ferry—5s '40—J&J NYLS&WO& RR— 60 72 1 IOO lO 1 41 444 60 75 82 814 80 604 25 42 1st M s f 0« 1940 North Amer Oar— 70 48 22 51 56 40 H 89 45 92 82 87 64 o2% 7% 7 Nominal, r 184 7% 88 Canadian prices °fo 164 Railway Express Agency inc— Serial 5s '32-'38 (s-a)_..M& Series 5a '39-'49 (»-a)._—M& Reliance Bronze & Steel Oorp— 88" 40 «.«••••» b 5.50 b 5.50 5.25% 5.25% / 15 584 56" 60 304 31 1st Hen coll 0s 1945 J&D15 fk 8 Certificates of deposit fk 8 Republic Iron & St'l 6s 1940 A&O 45 Ref & gen 5Ha '53 ser A—J&J 47" 304 $ 50H 504 14 m 84 Ctfs of deposit 4 10H 1st 6s June 30 1942 J&D30 Roch & Pitts O & I 5s '48—M&N Rocky Mtn Fuel 5s 1943 Rogers-Brown Iron 5s '32-'40-J&J Gen & Ref 7s 1942 M&N 19 29 10 •• Rlma Steel Corp 1st s f 7s '55 F&A RIordon Pulp & Paper Ltd— 94 80 304 514 40 .... Stamped 64 n so"" Rhlne-Maln-Danube 7s 1950 B Richfield Oil of California Col tr 0s 1944 ser A M&N ■*4 Equip 5s 1932-1943 (t-a)__J&D b 9% Eq tr 58 '32-'45 (s-a) —-M&N15 bfi 9% North Amer Cement Corp— Deb 04s A with warr '40.M&S 114 North German Lloyd— 20-yr sf0t 1947 M&N 164 North Western Refrigerator Line Eq tr 5s 1933-1939 (a-a)..M&N b k Last sale, 62 Radlo-Keith-Orpheum Corp— Revere Copper & Brass— 1st lnc 6s July '48 ser A—M& Reynolds Invest 5s 1948 Rhelneibe Union 7s 1940 J&J 95 N Y Shipbldg 1st 5s Nov 1 '40— New York Trap Rock Corp— 15 71 554 J&, 22 90 90~~ 39 69 10-yr s r5H % notes '40-M&1 Purity Bakeries 5s 1948 Quaker City Tank Line— 5Xs. 1932 5 4s 1933-1938 "3"" 72 70 1st 0s ext 54% 1942 M&N N Y L E & WD & I 1st 0s '13Extended at 5% to 1943—-J&J J&D "I"* 694 / 54% notes 1933 ] Remington Rand. Inc— Deb 54s 1947 with warr.B Republic Brass 1st 6s 1948 Repub Gas Oo (formerly Saxet Oo) & 254 1 A&C s f notes '37..F&/ 85 55 65 10-yr 6H % k 6 464 354 25 454 37 80 4 Chase Nat Bank ctfs dep 0% gold notes 1930 Pure Oil Oo— „ 39 22 34 7H» 1946 Provincial Bank of Westphalia 0s 1933 75 New River Co 1st 6s 1934...J&J 354 100 20 74 National Theatre 04« 1942 N ational Trade Journals lnc— Nat Union Mtge 6s 1946.. 594 37 National Radiator Corp— 334 184 8ugar 7s 1947.-M&N1 Without warrants Pressed Steel Car 6s 1933 J& Oo. Prod 5H* 1948—F&A 15 Potrero 70 27 X — Port Arthur Canal & Dock— 80 69 National Fire Proofing Co— Deb s f 54s 1947 M&8 Nat Food Products 6s 1944— r 70 50 H Deb 6 4s Nat Dairy 24 k Poor & Oo 0s 1939. 77^ 40 H Mtge-Bond Oo 4s ser 2 '60.A&O Munson Steamship Line— Secured 6s 1937 J&J Murray Body 1st 04s 1934. J&D Namm (A I) & Son—See Mfra Tr Nassau (Ger) Landbank 64s 1938 50 Collieries— 75 Morris & Co 1st "8"" Coal 80 With warrants 90 f 6s 1948 Pocahontas Consol Without warrants 78 s 94 Gen Ind Minerarla. Italy)deb 7s *37 J&J Montecatlnl 30 : 9 Ry. —M&N 954 844 784 30 Pitts Steel 5 60 93 6 A4 77 224 85 53 5 27* 754 M&N 32 3 , ' 56 30 51 deb 17 65 80 90 H 15 10 Monon Coal—See Chic Ind & L Monsanto Chemical Works— 95 Phillips Petroleum Oo— 47 IW 22 24 85 544 Oonv 14 75 92 25 45 H 28 25 f 6s 1949 w w.—F&A a 1st M s f 0s 1952 J&J Penn Greyhound Lines, Inc— 30 Nortn'n Elec Oo Ltd 5s '39. J&D M&8 Pennsylvania-Dixie Cement Cori 39 /This price includes accrued interest, 93 X 27 5 J&D Keystone St & Wire 8s 1941 A&O Kimberly-Clark Corp— 1st mtge 5s 1943 ser A J&J Kinney (OR) Oo 74s 1930-J&D Klrby Lumber 6s 1938 J&J16 Keholyt Corp 64s 1943 Koppers Gas & Coke Oo— «>eb ■ f 5s 1947 J&D 8 f deb 54s 1950 J&J k Kresge Foundation 6s 1936-J&D Kresge (S S) 1st 5s 1945—J&D Ctfs of deposits ■ Pennsylvania Glass Sand Oorp— M&S 33 98"" Penn Mary Steel—See Beth Stee 1st m s f 0s 1941 ser A.M&SlI Penn Dock & Warehouse Co. 36 Kentucky Rock Asphalt— J&D ! 28 ■V 12 60 29 1st s f 5s 1953 ser A M&1N r Penlck & Ford 0Hs 1943—-J&E Penna C & C 1st 5s '32 op..J&J A&O "48J&J 63 Ksratadt (Rudolph) Inc— 1st 6s 1943 wltn Am shs.M&N Kaufman Dept Stores Sec Oorp— Ooltr54% notes July 15'43 F&A Keith (B F) Corp 0s 1940—M&S Kelvlnator Corp 0s 1936 J&J Kendall Oo 5 Hs 1948 Kendall Mills 1st 64" 1944.J&D k Krueger & Toll— Deb sink fund go 1959 ^ 70 7% gold notes 1935 Minnesota & Ont Paper 0s 1st s f 0s 1950 Jefferson & Clearfield Coal & Iron S f 64s 1930 with warr Without warrants 66 Miller & Lux Inc 1st M 6b'45 A&O Without warrants 1950-J&J Jones & Laughlin St 5s '39-M&N Journal of Commerce 64s 1937— Kapstcne Service Corp— Sink fund 7« 1938 M&N Transportation Oo— „44 61 f 5b 1930 164 45 Peabody Coal Co (Consol Co)— 10 52 s 17 15 k Midvale Steel & Ordnance— _ Indiana Oo 1st s f 5s 55 154 L|? 70 30 4 . Island Oil & Tr 6s '20 ctfs dep— Iioeta-Fraschlni 7s 1942 with war Without warrants L F&* f 0s 1930-J&L Middle States Oil 7% notes International Match Corp— Deb s f 5a 1947— M&N Oonv deb 6s 1941 J&J15 Internat Mercantile Marine— 1st M coll trust 0s 1941--A&O international Paper— lit & ref s r 5s 1947 ser A—J&J Ref mtge 0s 1956 ser A..M&8 Internat Power & Paper— lit M 5s 1908 -J&J internat Salt g 5s 1961 op..A&O International Securities Corp— Deb g 5s 1947 —J&D Interstate Iron & Steel Co— 1st M s f 5 He 1940 ser B.M&N Investment Co of Amer— Deb g 5s 1947 A&O 484 s 65 Nat Acme Oo 1st 0s 1942...J&D M&N 74 1014 o64 21 Middle States Petrol 64» 1945— 29 4 Parmelee 51 Hungarian-Italian Bank Ltd— Sinking fund 74s 1963—A&O Hygrade Food Products Corp. 1st & ref 0s Jan '49 A A&O 6s 1949 series B——J&J Ice Sec 64s, 1937 Ideal Cement Co deb 5s 43-J&J Illinois Steel deb 44s 1W40..A&O Ilseder Steel mtge 0s 1948—F&A 44 1014 M&fS Paramount Publix Corp— Sink fund 5Hs 1950 100 32 Oonv 76 8 !/ Panhandle Corp— 2-yr 0% notes Mar 15 '33 M&SD Paramount Fam Lasky Corp— 20-yr sfg0s 1947........J&C i 35 100 51. 174 15 51 60 . 3 A&O In A J&D 97 22 73 46 25 37 103 894 25 1st M 6s 1945 with 26 Exp Eq—8ee So Pa 20 55 116 65 Mead (The 50 v i8 Oo. k 62 Pacific Invest deb 5s 1948... Pacific Western Oil Oo— 31X 20-yr conv deb 54* )Oorp— 30 44 12*" 1004 • 24 . 25"" 95 100 deposit Marlon Steam Shovel— 49 41 ' » McKesson & Robbins Inc— 394 Pineapple Co Ltd— 22""' 49 1st mtge s f 6s 1947 -4&2 Massey-Harris Oo 5s 1947.-A&O McCord Rad & Mfg— Deb 6s 1943 with warr...F&A McCrory Stores 54s 1941-J&D16 Hawaiian 90 r 1943 40 38 42 454 1154 Stpd Oct 1931 coupon Certificates of 6s 39 93 Mansfield Mln&Smelt 7s '41 (ww) shs..J&J f Extl deb 6s 1953Extl deb 5Hs 1958— Manufacturers' Finance Oo— 97 56 974 Manatl Sugar 1st 74s '42..A&0 Harpen Mining Corp— 6s with war for Am Hartford Times 6s 1943 s Oriental Devel Oo Ltd— 1004 ..A&O Hansa Steamship Lines 10-yr 6s 1939 with warr_.A&0 1st Oregon-Am Lumber 6s 1 —F&A 4J4a 1935 82 78 Ontario Steel Products— 88 Logan County Coal 7s 1942 Lorillard (P) Co g 7s 1944-A&0 5s, 1951 F&A Luxens Steel 1st M g 8s '40 M&N Magnolia Petrol Deb 4H« 1933—-——F&A Deb 44» 1934— F&A 40 60 ~9" 35 83 4 _ Hall (F W) Printing Co— 1st m & col tr 6He 47 Int M&N Ham-Am Line 04® ed'32-'40 J&D 100 78 F&A 1942—A&O . 100 r 25 *35—J&D Leipzig Trade Fair 7s 1953 Llbny McNeil & Libby— 1st M s f 5s 1942 A&O Liggett & Myers g 7s 1944—A&O 1941 r O Oneida Community Ltd— 1974———F&A' Little (A E) Oo 7s Loew's Inc deb 0s ► B Series IX 20"" 16 r 100 Series IX Gold bonds 5s 1951 24 Ground Gripper Shoe 0s 1944---- fk Gnlf Oil of Pa deb 6s 1st & ref 6s 9 M&b / - 6%notes'33M&S Ogllvle Flour Mills 6s '32. 39 Nitrate Oo— Leh & W-B Coal con 4s 16 Oonv deb 6s GreyhoundOorp 36 324 , if Bryant lnc— war..J&J Lawrence Portland Cement Oe— Deb g54s 1942 A&O Lehigh Coal & Nav fund 4s '48 J&J Cons s f g 4Hs 1954J&J Cons s f 44® 1954 ser O—J&J Lehigh Valley Coal— 1st 5s gold guar 1933J&J 1st 40-year guar int red to 4% 1933- -————-J&J 1st & ref 5s 1934 F&A 1st & ref 5s 1944 F&A 1st & ref 5s 1954 F&A Lat & ref 5s 1964 F&A 654 80 75 1948—J&D16 Paper Oo Ltd— warr.M&N 17H 54 53 1 15 1st conv 68 1954 with 42"" Ask. Bid. Bonds. Ask. 68 1944—J&D 8 f deb 0s 1940 with Lautaro 1st mtge Great Lakes 1st s f 6s 1950 ser bane 24 !m coll tr 6s 1957--M&N Gstbam Silk Hoa deb 0s 30 J&D Gould Coupler 1st 1 0s 1940.F&A Grand (P & W) Properties Oorp- Bid. Booda. ^aekawanna Steel 5s 1950—M&S Lake Superior Corporation— 1st & coll tr gold 6s BONDS marked "f" and Inoom* and datanlted bonds. sxospt tbari 'f : ::: Sale price. "9 Minimum price established on Montrea "and interest" except where marked "f" and Income and defaulted bonds 44 Scuts Motor Car 72*8 25 3* Sugar Estates of Orlente— Root (Jlahs Co. 1st 6s 85 Certificates Royal Dutch Co— 682* AAO Deb 4s 1946 with warr 30 Ruhr Chemical 6s 1948 AAO Ruhr Housing 02i« 1968—-JAJ Joseph Lead Co— 64 62 MAN __ 28 18 Ryerson (Joseph T) A Sons— Sink fund deb 6s 1943 40 19 Rueplng (F) Leather 6a St „ 73 MAN Conv deb 5 2*s 1941 St Lsuls Gas & Coke Corp— 1st M ■ f 6s 1947 JAD St Louis Refrlg A Cold Storage— 6 JAJ 80 _ 6sl942 St Maurice Siemens MAN 28?* 54 60 59 59 60 3* 1st 1 coll 7a ser A MAS 972* 66 2* 100 ctf dep JAJ25 Industrial 1st 0s 1945.JAD Packing Corporation 6% conv gold notes 1932-MAN fk 592* Solvay Amer Invest Corp— 702* 5% gold notes 1942 MAS Southern Advance Bag A Paper— 142* MAN 1941 Sugar Co Starrett Invest sec Steel Co of Can 0s 1940 ..JAJ Steel A Tubes deb 6s 1943—MAS 14 17 14 r 16 54 f 5s 1948---... ..MAS Struthers Wells TItusvUle— m • 1 — 104 100 232* 1938—-FAA 34 342* 86 k 383* 342* k 28 Jfc k 272* 272* Jfc 27 Jfc serla 1 272* 45" ■ — — mtm-m — m. mt mmmm mm — — • VII I O Vanadium Corp. of Conv deb 5s 1941 Amer.— 80 36 35 A; Jfc 402* 92 • 13* r 192* — 15 J 40 45 1st 6s 1945- > 122* Hs'35 ser A with w ) 14 11 J* S 773* §1" 11 112* 24 20 a It UU Walworth Co Deb 6 — v uni W vvmw WW Without warrants — 65 60 51 Los Angeles Curb Ex Louisville Stk Exch 217 74 88 29 257 544 $68,000 "§' 15 IK IK 5 IX 63 58 50 65 71K 72 63 63 5 73 43 K 8 78 84 88 50 49 502* 51 1.400 9,000 1,600 12.000 4,800 6,000 5,000 6,000 5~.6O6 4j66 5",000 3,000. 2,500 3.000 1.600 1 10.000 3.100! 19,000 600 12.000' 3",506 1,600 500 11,000 t3,500 5.750 8,500 5,000 4.000 "loo 100 1,000 1,000 l"200 1,650 1,760 2,3 65 1.600 2,000 Ex. 51 300 Montreal Stock Ex. New Orl Cotton Ex New Orl Stock Ex. PbUa Stock Exch-. 04 500 30.000 1,650 206 2.500, PIttsb Stock Exch. pPortl'd StkABd Ex ---- 60 IPdl-.- Kan City (Bd of Tr) Los Ang Stock Exch 116 19 el .000 Mlnn-St P Stk ' 14 V 'dlVUllUU Chicago Bd of Tr—1.592 Chicago Stock Exch u470 Cincinnati Stk Ex.. 50 Cleveland 8tk Exch 41 12 Columbus Stk A B_ 19 Denver Stock Exch. 90 w Detroit Stock Ex 05 Ft Worth Gr A Cot 20 Hartford Stk Exch. Minn Oh of Comm. 65 20 64 50 V 5 5 33* 13* Last Sale N Y Stock Exch—1.375 N Y Produce Exch-1,577 N Y Cotton Exch.. 450 344 N Y Cof A Sug Ex. 550 N Y Curb Exch... 87 Baltimore Stk Exch 139 Boston Stock Exch. 30 Buffalo Stk Exch— JaMilw Grain A Stk • 3 23 2* 48 63*s 1943 • 2* Btrawbrldge A Clothier— a 50 48 w Van Camp Pack.—0s 1948 Van Slyke A Horton 7s 1938—. 102 Stinnes (Hugo) Industries— Deb 7s '46 (without war.)AAO Strauss (Nathan) Inc 09 1 938 / 1st 702* U 8 Rubber— 74 50 100 84 99 2* Stinnes (Hugo) Corp— Gen 7s '36 (without war).AAO 122* Jfc 82 48 6s 1950—AAO 112* 90 78 52*8 1932-43 (s-a).-AAO Staley (A E) Mfg 1st 6s '42-MAS Stand Oil (N J)deb 5s Nov 15 1946 Stand Oil N Y deb 4 3*s'51 JAD15 Stand Textile Prod 0 2*8 '*2 MAS m 16 . 292* - 1st 152* 15 Bur bach Escb-Dudelange s f 7s '51-AAO United Stores Realty 0s'42.AAO USA British Internat Ltd— Deb g 59 1948.. .MAN S Printing 6% notes '35. _ AAO 30 0HS1938 AAO 8pruce Falls Power A Pap, Ltd— 152* warrants.. JAJ No I 80 O 0Hs 1947 with !% AAO es 1947 5 EXCHANGE SEATS. 16J* 15 7 United Steel Wka of 42 40 162* 45 Snider 1st s f 6a 1947 ....JAD Southern United Ice Go¬ 90 20 1953 U 8 Radiator deb 6s 55 50 1941 AAO 85 Wlncb Repeat Arms 7 3*8 *41.AAO Certificates of deposit 95 Wither bee Sherman 6s 1944 96 Wood (Alan) Ir A St 6s 1944 74 Woodward Iron 5a 1952 JAJ 95 Yellow Mfg Accept Corp— 62*% notes 1934 — -FAA 882* Youngst Sb A Tube— 69 1st m a f 5s 1978 ser A JAJ 1002* 1st m 5s 1970 ser B AAO 87 MASU AAO Series JAD (W. A.) A Co. 53*s *39WHlys-Overlanfl 1st 03*i '33 MAS 85 30 57 132* Wleboldt 92 03* % notes'37 A with war MAS United Steamship 0s 1937.-MAN United Steel Works (Germany)— 8 F 63*s 1951 with warr.JAD 96 JAJ WIckwIre Spencer Steel Co— Pr lien A coll 7s Jan 1936.MAN Certificates of deposit 90 3* 25 100 .... MAN f 6s 1940 18 70 United 993* 952* 562* 962* Without warrants 492* 842* 162* 45 41 Wilson A Co 1st 6s f 5s 1950 10 892* 41 J* 33 2* 492* 122* 25 20 50 A. JAJ with w._ JAJ Wlckw Spencer Steel 7s '35— Certificates of deposit 42 232* i 101 Corp— f 5 Ha 1948 ser 4 162* loor 99 992* Arefsf4Hs'53serB_AAO s 56 10 MAS16 11 25 10-yr 52*s 1938 ser A JAJ Sinclair Pipe Line s f 5s '42 AAO 8keUy Oil deb 53*8 1939—MAS Smith (A O) Oorp63*s '33-MAN Smith (Howard) Paper Mills Ltd MAS 1941 White Sew M 6s *36 2* , United Porto Rican 85 78 t A ref s xat i Deb 0« May 1 1942 87 312* 77 32 862* 842* 44" 77 30 Onion Oil Co of Deb 03*s ser B.JAD Sinclair Crude Oil Purch Co— 1953 A Wheeling Steei 22 1937.MAS15 97 762* 45 40 f deb 0s 8 f deb 53*s 1937 Without warrants 35" 302* 62*8 '38 f 5Hs 93"" Co— 5s 1932 Unit OU Prod 8s '31 22 Hal-Slem-Schuck— 1st lien coll s 35" 35 JAJ California— Ser A FAA 8 f g 5s Feb 1 1936 Ser O AAO Deb 5s 1945 JAD Union Refg Tr Eq 5s 1932-1940.Un T'k Oar eq 4 3*s '32-'36-AAO United Biscuit of Am 6s '42./MAN Coll tr 25 762* 35 1951.-JAJ 1979 16 97 30 s 53*% notes 1937 MAS Webster OAO 1st g 5s '42 on MA8 W Va Coal A Co 1st 0s I960-.JAJ Ctfs of deposit Western Elec deb 5s 1944—AAO Western Newspaper Union— Conv deb 6s 1944 FAA White Eagle Oil A Ref Co— 50 Union Gulf Corp— 89 Simmons Co 5a Nov. 1 1944 Sinclair Cons Oil Corp— s " 50 United Drug5a k 15 76 1943—MAN15 Trumbull Steel a f 6s 1940.MAN 10-yr deb 7s 1935 ex-warr MAN Ulen A Co deb 0s 1944.....FAA 40 4 RR 5s Truax-Traer Coal Conv deb 02*t 45" Warren Bros Co— 952* Cop A Gnem 6s 1941 - AAO Conv deb 6s 1944 ser B—MAS Texas Corp deb 5a 1944 AAO Tbermold Co 6% notes 1934.FAA Tob Prod 63*s 2022 fraylor Eng A Mfg 8s 1936.. Tri-Utillties Corp— Conv deb 5s 91 Conv fenn 56 30 58 Deb gat 63*s'51wlth warMAS SUeslan-Am Corp 7s 1941 FAA Silica Gel Corp— 6 yr 6% notes'32 with war AAO 1st 69?* 58H Pipe Line Corp— A 17 36 42 53 f 6s 1947 MAN f 5s 1949 with warr.AAO Sheridan-Wyoming Coal Co— lstsf 6s 1947 JAJ Shults Bread 1st 6s 1940 MAS SlemansAHalske 10-yr7s'35—JAJ 182* 58 AAO Securities Co N Y 4s cons__MA8 Security Mtge 6s Sept 1 '46 ser E 0% bonds Apr 1 1940 ser F Seneca Copper 7s 1933 k Servel Corp (new) 6s 1948 Sharon Steel Hoop— 1st i f 62*» 1948 ser A FAA Sheffield Steel 53*« 1948 MAS Shell Union OH Corp— Deb sf 5s 1962 22?* 35 Scull (n Steel 1st 6s 1941 s 81 342* Scrlppa (E W) deb 53*s 1943 FAA s 45 Tenn Coal I A 902* 89 Telts (Leonard). Inc— 7Hs. 1946. with warrant Without warrants 15 40. 65"" Taylor-Wharton I A S 6s '42MAS 1st A ref 7H« 1946 Ser A..JAJ 16 Gen A ref 6 Ha 1961 MAN 6% gu notes July 15 '32-JAJ 15 Co 03*8 1946 JAJ Guar s f 03*8 1946 aer B. AAO 35 Sugar Flue Lumber Co— 1st M serial 6s 1932-1942.MAS Sun Maid Raisin 6Hs 1942 Sun OH deb s f 52*® 1939...MAS 5% note July 1 1934 JAJ Sun Pipe Line 5s 1940— Susquehanna SUk Mills— S f deb 5fl 1938 JAD Swift A Co 1st s f g 5s '44<—-JAJ 10-yr 5% notes 1940 MAS 78 672* ..... Warner-Qulnlan Co— Conv deb 6s 1939 MAS Warner Sugar Ref 7s 1941 ..JAD Warner Sugar Corp 1st 7s '39 JAJ Stpd (July 1930 coup on) 1939. Vi\ deposit—MAS of 1944--.—AAO With warrants Without warrants **AS 40'"" Schulco Deb — .... 87 2* r Santa Ana Sug 8s 1931. AAO 1 Saxon Pub Was (Germany)— 1st extl i f 7s 1946 FAA Shell 8 Valley Corp— 1st A coll tr s f 5M*'57. B MAS St L Rky Mt A P 6s *66 stpd-JAJ St. Regis Pap 03*s *32-'34—JAD Deb 1942-- Warner Co 1st 6s 1937. AAO Roman Catholic Church 03*8 1946 Rom Oath Church Welfare 7s 1946 1st s f 7> 85 MISCELLANEOUS BONDS & INDUSTRIAL NOTIOl.—All bond prices are St Louis Exchange. 70 51 San Fran Stk 75 a Chamber of Commerce of Milwaukee changed its name on June 10 1931 to Muwausee uraiu « r Canadian prices, Jfc Last sale, n Nominal, r Canadian prices. s Sale price, u For eased one number of members from S60 co a Governors of the Chicago Stock Exchange Increased one aumber of members rrom 235 to t/u, a iwjvo lUUlUUUiaiUH member receiving one additional membership, « w Detroit Stock one addition*1 z Curb memberships not Included, 2,355 50 Salt Lake Stock Ex. Ex San Fran Curb Ex. Seattle Stock Exchl Seattle Curb A M. f Toronto Stock Exch Washington Stk Fx I Wheeling Stock Ex Winnipeg Gr Exch. 1,750 "300 t— 94 62 40 13 465 20,000 1,500 §1.000 8,500 1,200 8,500 ^mhershfrfiiTri~6rirT Th" newm0S?h'Lh^lBna3iSfS dlclar'ed each DreSi* — 470,, 100%» ™*^rshlp UMiuvuu V —n decked, eacn presen dividend Detroit Stock JSxchange declared a 100% membership dividend, In* Exchange declared.a, lO^^mem^ersmp^aiv^ena,^ creasing membership from 45 to 90. Present prices ex-thls 100% dividend, t Sale Jan. 20 1931. t Price for combination membership In San Francisco shipfrom^45t Stock Exchange and San Francisco OUTD EjXCUauge. C18CO Curb Exchange. y Prices Ji Wheeling uuuoa Exchange memberships are fixed. } rnura of ,» uOTimj Stock No open market. Original price $250, Membership nf irt. Wnrth Grain A Cotton Exch. - limited to 90. Is to —.7 — - -- -- $1,000. J Book value. T HOOK value, jviemoersuiy in Ft. h ui ,u x/rQmKanahin of u u. Worth Grain A Cotton Exch. is limited 8aie90. Exchangebuys certifs. suspension. $850 whenfundsare above given is previous to in order at accrued Interest. w, ~ now available, - p - Portland Stock A Bond Exch. temporarily suspended on Feb. 1 1931. Stocks. Par Bid. TEXTILE MFG. STOCKS. North. Mills, Ask. Per Atooke. 15 "8 Algonquin Print I Am Linen (Fall ft).l * Mfg..100 Preferred -_.1«U Amoekeag Mfg Amoekeag Oo pref__ Andraacog M (Me) J appieton Oo (M»u)l Arlington M (Man)l Amoc TextileOoe__t Preferred t Barnard Mfg (Fft).l Bases Mfg (Me). 100 Beacon Mfg (NB).l Preferred 100 Berkshire Fine 25 140" 155 "9" American 14 53 45 "i 1 i t 1 «i 1 1 * 1 1 -i,v • 9 5 mmrnrn 80 55 1 8 5 : ' M 2 "I" 40 ' 56"" 33"" 2 4 36 45 " * Oerp (N B) 100 lou Davol Mills (F ft).. 11 Preferred 74 IK 19 21 _ JK 27 . Ojifton Clinton 21 23 1 3 1 Mills.—ipo 9 55 5K "7 100 30 1 2 4K 5 ...100 lou 11K 7 50 100 38 „■ mm Phenlx.100 mm 40 mm 16 Laurens 8 mmm'm m (Mass)" 165 3 45 4 26" 29 31 33 18 12 51 5 75 85 16 30 20 I m '- m m m mm m 70 65 m m 35 / / / 140 70 •''m mm 80 60 m 25 tr 6 10 5 6K 5K Oou 1 InB 16K 18 K New Orleans. 6 8 10 Ship..25 m 6K 37 55 20 70 50 55 15 4 18 6 K m mm 40 60 Mfg (SO)! 40 27 7 45 3/a IK IK Preferred 7K 7 42 6K 100 Common.. 10 Liberty 5 _ 100 7X\ 6 Goldfield Mines 9K 18 15 27 15c. 50c. 8 , 18 2K 5 6 8 24 % .100 2% Granite-Bl-Metallic 3K (St Louis) 10 Greene-Oananea 100 Guanajuato Oons..5 _ Hancock 25 Oonsol Power 78 15 2 8K 13"" Granby Oons MSA A88O rational c 1 Oop ($3.75 pd)—5 Franklin 25 Golden Centre 5 4 Oons Hardy Goal Hecla 20 7 "lOc". 50c. ~2% "2K 1 Mining...25c 32 Par value $700. d Price per share, not per cent, h Par value r Canadian price, s Sale price, t New on Montreal and Toronto stock ex¬ Ex-ltquidating dividend, z Reserve First National 5 Tire K 27"" 55 14 7K t Without par value, ' m 13 iciLuaum 8K 3 26K 55 mm 47 25 30 y*- 1 Ys T" Oon Mln A 8 melt. .25 East Butte Federal M A Sm.lM 8 0 ■m 20 H) 6K 25 (t) 8 Pickens Oot Mills ..26 "sh\ Oopper De Beers Oons M. Dome Mines 7K ; H Ys m Davis-Daly Oopper 1 New York. )serve 18 "*K 5 Lead A Zinc.20 Grown Pan Amer Life ...10 6 22 10 16 Oop Range Oon. 100 nressouOonGM AM 1 10 400 .. t Mining Oonsol ' A z 10 .10 Oerro de Pasco Chile Oopper Cliff New Haven. 16 3H 6c. Zinc-Lead Calumet A Hecla.25 Metals... Firemen's 65 ■mm m Carnegie 6 55 50 m ctfs-..- Oop & Z Co 5 Callahan Newark. Security 10 A Butte A Sup A M.. 5 , 9% 10 25 Lead ASulllvanMAO 10 85 13 5c. Juneau Gold Zinc Vot Butte American... H-'v' 103 102 101 Bunker Hill Minneapolis. Nor'west F cent Adventure Oons—25 Ahumada Lead Oo.l Andes Copper M.(t) Arcadian Cons .25 Arlsona Oom'clal—5 Arizona Globe Onp. 1 Bonanza Dev Oo.lO 65 35 50 98 96 93 MINING STOCKS. Preferred———25 AnacondaOopMIn 50| 35 Preferred 100 Panola Ootton Mill 01 A pref (par 52 Ex-stock dividend, Per 1929 Mining 55 100 ..i:. 17 Atlantic Mutual— Smelting " ^mm'rn 12 .. 55 15 45 INSUR Algomah 25 60 70 40 100 MARINE Alaska 60 Louisville FireA Mar ' Cotton Mills Serial notes. Marlon Mfg NO lou Marlboro O M (SO) Mills Mills pref Mollohon Mfg pref. Monarch O M (S O Musgrove Mills.. r 40 255 Louisville. a Purchaser also pays accrued dividend. 6 Assessment paid, I Par value $100. m First installment paid, n Nominal. 0 Ex-rights, mm mm 245 'Liberty. ...\ Northern——. u Springfield,Mass. Amer .Jew York . (Los Angeles) West Coast Life Oo 97 of. 13 28 Wisconsin Nat Life- £?e- P 2K 20 11 Old Line Life Piedmont Mfg (8 0)1 t 17 26 • N W National 13 40 10 _ 19K 32 Milwaukee. Firemen's.. 600 HI.. (8 0" Pacolet Mfg (8 17 • .... Newberry O M (SO)/ Ninety-Six MUls Norris Oot Mills..* 17K 30 Central Life..50 50 — OrrOot M (SO) .100 Preferred 20 Am 25 m 20 riverside A Dan Rlv 6% preferred changes 7 8 ANCE SCRIP. Indianapolis. 40 m 35 _ 39 60 mm Mills U M ..100 28 55 ■ Imestone O A Vf 100 Oeborn Mills (FR).J 75 12 ... 23 20 67 ] Preferred IK Lincoln Nat Life—10 9 26 __10 Travelers'. 16 7 21 Life...._—10 Gen 85 40 Lancaster CM ..100 Conn - 55 mm mm mmm Preferred Nanquitt M (N B) t Nyanaa M Ex-dividend, 7 4 Corcoran 60 Fireman's 20 National Union...6 14 - Aetna 15 m ■ Preferred B...100 King (J P) Mfg (Ga* I Newmarket Mfg £ 50 50 .... 5 American (Fire)—.10 Life Insurance. Aetna Oasualty A 8urety .10 45 16 22 25 Y 120 100 Phoenix 45 40 Lydia In liquidation, Jt Last sale. 4 Continental Life..10 Mo State w 10 Springf Fire A M.25 (Fire)..... 10 Automobile Ins...10 Hartford Fire 10 Hartf Steam Boll Insp A Ins 10 National Fire....10 70 43 ' 250 12 Aetna 125 60 - 230 110 55 11K Judson MUls A..100 10 Naumkeag (Mass)" * 2K Calif-West State Life Firemen's Fund.lOOl Home Fire A Marine Occidental— Pacific Mutual Life, Hartford. 95 Inman Steam Got Oo 100 Neild Mills (N B) l New Bedf'd Oot M I $1,000. 40 Washington. Oamden Fire 20 Preferred IK 5 Camden. 12 „ 4 100 Nashua M (N H) 100 Preferred loo Nat Fabric A Fin 100 Preferred stock. 4 14 St. Louis. St. Paul F AM—.25 Boston. 38 mm 'mm Hamrick MUls Hartsvllle Oot Mills. Hunter Mfg A Com mission Oo pfd Industrial O M pre'f" Mills Preferred 106 Qutasett Mills (NB) i Preferred jqo 97" American 4 m -m mm Gossett Mills. Grantevllle Mfg. 100 Green w'd O M(S O). Grendel Mills 17 Baltimore 50 14 ■ _ Mills Pawdreli A Alex 20 Fidelity A Guaranty Fire Oorp -10 37 " Gluck (M).!! Pecasset Mfg (Fftf Paaemah M (Prov) Potomska M (NB)Ii 1930 4 1 12K Oent States Life...5 Brooklyn—8ee N Y 44 Glen wood Mills Z Pierce Mfg (N B)__ Pilgrim Mills 80"" .... INSURANCE 8TOCK8. 60 10 - 33 Gainesville Oot Mills Carpet.(f) Pac Mills mmm HI 7% preferred I" Gaffney Mfg (S C)__ 12 50 Fft)_.j Merrimack Mfg Pamaquid M 30 Pepperell Mfg (Me) 54K 100 Boston -100 Golum Nat Llfo.100 Mass Bonding 25 Serial notes Florence Mills Lawton Mills ...100 Lockwood Oo (Me) Oo 4 "IV .(f) Wastrton-.lOOl Prov Virginia F A M..25 Deposited stock.. 53 K I r . 30 20 550 125 Enterprise MtefOiO Fairforest Finish Oo Luther Mfg (F ft) Mannmet M (N B) ,, Mass Oott Mills. 100 March Mfg Otis 3 8t. Paul, Minn. 1 15 45 [Easley Oot M. pref. ign Oo(NH).. 3 2 Merchants 25 Penmana.Ltd com(t) ti • 1 share. 450 (8 0)100 Eagle A 12 (Masa).l M 2 2 Hiohmond. r • 20 Preferred........ Preferred 100 EH burn M (N B)_J King Philip M (Fft)l * Aancas't M ft) Nashawena 6 10 Puritan Life 60 Rhode Island....(f) 25 Darl *2K Heesac Cot Mills pf i Ipawich (Bait). » 1 40 g n Mfg (8 0).i Drayton MUls...100 Dunnean MUls.. 100 , loo Preferred 75 100 Preferred 5 22 7..;: 10 ......10 Guaranty .......lol 81 Domln Text, Ltd.(t) Preferred 100 Preferred 3 20 3 Providence. 60 Baltimore. Ootton MUls Columbus Mfg (Ga) □onverse (D E).100 Jowpens Mills Dallas Mfg (Ala).100 Mills pf__< g^^ayMfgdsii))! Hill Mfg Oo N*"agansett (F ? • • 1 Per Jhlquola Mfg Preferred 6K 39 (Mass).. Mt V. Wood 1 r Jheenee Mills Grlnnell Mfg (N B) Oo 1 1 10 Gannon Mills (f) □had wick-Hoaklns26 + Oeenold M (N BJ..1 Preferred Middlesex ii • 1 Preferred Oalhoun Mills.. Gt Falls Mfg (N H) CSe'd 1 ...100 Brandon Oorp A Glass B Franklin Oo (Me)__l Preferred 1 Bibb Mfg lou (Me). 1IIKrl1fafi 11•1«1I ! II|f II 1• Preferred nfi (NB) 35 100 Canadian Mills. Oan Convert, Ltd../ Can Oottons.Ltd.100 Preferred 100 Montreal Cottons 16K 12 Preferred.....l00 "3K Life Reliance Victory Woodslde Oot Mills. Belton Mills (S O)../ Falrh Mills com. 100 Preferred PbUa 10 ' Mills 100 Preferred Arkwright Mills Avondale Mills..... Beaumont Mfg 7% preferred <| lQu Daright Mfg (Mass;. Edwards Mfg (Me)., H^es Mfg 90 Association—10i 25 Wallace Mfg Oo—. Ware Shoals Mfg.100 Preferred Arcadia 78 K Hos com.. Harmony 10" 2 Abbeville O M (SO) I AndersonO M (SO).I Arcade Ootton Mills Dartmouth Mfg W "7" Southern Milla. ..... Ham lit 26"" 10 8K 5% Ins Oo of N A 10| Mfra Casualty...10 _ 20 '¥ Philadelphia. Fire 80 100 100 Vlctor-Monag Oo—1 Preferred..—100 share. 6 Westchester—....10] 60 lst pref 2d pref Per Ban Francisco. 2nd preferred.... Oentin l M (Me) 100 Oernell Mills (F B)_i General Cotton 25" Wamsutta M (N B) I Weetamoe M (Fft) J Westfield Mfg cornPreferred 100 Whitman M (NB)J Preferred Winnsb a Mills pf ] 00 York Mfg (Me). 100 30* City MfgOo (NB)— Conn M com A_._. Common B Preferred Preferred Serial notes Union-Buffalo Mills Utlca Steam A Moh Val Oot .....I 9 16 93 Ask Bid. 25 United States....10 Spencer Corporation 100 100 46 87* Par) Stuyvesant 90 Process common.. Preferred 600 Preferred .... 10 40 80* Southern Worsted pf Spartan Mills 'SO) I • Union Mills Utlca Knit Oo 2K 10 Benrne Mills (FR).l Bristol Mfg (NB)..l Breekslde O.M. Oabot Mfg loo Cameron Milla Charlton Mills.. 100 Everett M (Mass) 111 (•I il III 100 Mfg (F ft) 5 — Southern Franidln— Union Oot Mf (Fft) I Beaten Mfg pref. 100 BsmondM (ft 1). (Mass) Stocks. New York (Cone.) North River 26 Pacific Fire 25 Rosala Ins 10 30 . Serial notes Troy Oofn A Wool'n ..... Preferred Draper Corp H1O* 1 1 Preferred-- Thorndlke (Mass).. Tremont A Suffolk Preferredieo Beene (Daniel; Woolen MIlia._36 Booth Mfg (N B) 1 Pref erred 100 Boon Mille (Mass).J Border O Mfg (Fit; I Boss Mfg com... 100 Ask. 14 Southern Bleachery A Print Wks com. 19 Taber MUls (N B).J 2 5 100 Sibley Mfg (Ga).100 Oo (Utlca) Soule Mill (N B).100 Stafford M (F ft)—1 Stevens Mfg (F ft) J Suncook Mills pf 4 Spinning Oo—(t) 7% com pref—100 Blgtu-bauf Oarp't__t Dexdale Saxon MUls ' m m mm Bid Par Per Ishare. Shaw Stocking..... Snove Mill (Fit).100 Skenandoah Cotton ' ' Stocks. share. Mfg Oo (F ft) 100 Sagamore Mfg (F ft) 100 Salmon Fails Mfg Oo (N H) 100 Sharp Mfg (N B)—I Preferred. 100 Shawmut Oot Mills (F B) common 100 Preferred. ...100 par mm Ask. Per Rich Borden Arcadia M Bid. Par share. Minimum price established Stocks Ask. Bid. Par Stocks. x Hudson 12834 534 Mln Bay A Smelting Indiana 334 12334 5 34 Homestake Mln. 100 Howe Sound Gov t ct (t) 10 Mining..25 Copper Iron New 1 Preferred 1034 105 1 3-4 Isle Royale Cop..25 Jerome Verde 50c _ 22 X 21 34 Mlnes.Ltd.5 4 34 25 6 r 7% preferred. .100 0% pref 100 X ,34 234 Preferred Amer 134 3334 66 75 Aeolian-Weber Piano A Plan..100 Preferred .100 1434 12 Mining.10 434 Nlplssing Mines ...5 (t) 7-1 b 1134 1134 Butte.....15 Nsrtb Lake 25 North Star Mines. 10 20c. 25c. 5c. 25c. Ohio Copper 1-16 "34 25 10c. 50c. Old Dominion Co .26 50c. Noranda North Aero 1 Mines 5 434 Pocahontas (f) d Electric Appliance (t) d 7% preferred..100 50c" 37~34c. 1 I 1 "6" 34 10 t 5c. 134 'fx Silver King Coal'n.5 Ss Am Gold Ac Plat. I 34 "x Shattuck Denn. South 25 Lake 25c" Superior A Boston 10 Teck-Hughes GM.lr Corp Tonopah-Belmont .1 Tonopah (Nev) 1 Tonopah Ext Mln.l Trinity Copper United Verde ExtCOc Utah-Apex Utah Copper Co.. 10 Tennessee Utah Metal A Tun. 1 Wenden Copper Yukon Gold r 234 3 1 IX Aloha Portl Cem.(t) d 25c. 35c. 434 634 90 24 3634 Amal d Mfra Laundries pf -100 d . — "6" mm » d Leather wm-'m X 634 45 Amer a |Aineriean 65 30 Amer Bakeries A_(t) a 65 Am 13" a 65 Bromf Bldg Tr (B).f Business R E Tr (B)/ a 70 Cent Bldg Tr (B)_J Chic R E Trus's 1000 a 25 a 850 City RET (C)..500 Congress St Associ¬ ates (Boston) 1 Copley Sq Tr (Bos) J a 400 BldgTr(B)/ a 32 a (Jail* 35 a a Preferred —— 10 25 a East Boston Co (B). (Bost).l Factory Bldg Tr (B)J fifty Associates (B). Hotel Tr (Boston). J Kimball Bldg Tr(B)J Essex St Tr 10 35 20 a a— 2500 40 a 35 a New Orleans Land 10 (t) d 1st preferred..100 2d preferred ..100 Texas Pacific Land Trust sub shares. 1 26 d Preferred. Amer a Fdy__ (f) d 100 Am Caramel 100 Preferred 100 Am Chain com..(t) Preferred . Prer (with common stk warrants).. 100 34 134 5 8 5 8 134 34 334 7 19 10 1934 i OyanamidA(t) 20 12 6 1234 4 234 20 234 Dept Stores. _(t) 7%... 100 Tiling (t > d 1 Am Express... .100 no Am Fork A Hoe (t) d "34 Am Enc — Amer Hard Rub. 100 Empire TitleAGulOO 2834 Franklin Surety. Purchaser also pays Hardware.. .26 d 88.10 d 100 Preferred A Mtge Y) Kentucky Title Co Preferred 100 Lawyers' M Co -.20 Am Am^-Hawatlan Am Hide A Leath (t) d Title Home Title Ins (N 30 34 Amer Home Prod--t d Amer Hosiery Amer Ice Co . 6% non-cum accrued dividend, Hardware 25 d (t) d pflOO1 Preferred of Am f Aviation Sec Corp t Aviation 8ec of N E. Babcock A Wil .100 Baker (J T) Ohem(t) "2" 140 5 1334 334 1 434 26 26 V t c *334 ig 27 14 16 12 35 oref "34 934 <M6" — 10 7% debenture-100 Terminal 17 100 Butler Bros——20 32 Bush 53 "34 3134 1334 Butterlck Co Preferred Calif Pack Corp Calif Petrol 20 d 34 34 d "134 34 . d 2 21 9 13 734 Canada Wire "§" 8 (t) Class B (t) Oanad Brewing .(t) Canadian Bronze (t) Preferred 100 Canadian Oar AF(t) Preferred 25 .... "234 17 5 77 2 15 1234 Ex-righta 134 1 n . i 2 434 r 85 3 9 16" 39 1034 4 44 1 Canadian price, s Sale Minimum price established on Nominal, t 634 (t)ldr Class R I Par value S100. '634 34 Eagle Oil. d 64 Can Fair bank pf-100 r Can Fdys A Forg— Class A ft) dr 2 48 234 234 29 39 Canadian _ 53-4 dr dr d dr 100 Preferred 25 x Ex-dividend. 2 234 dr dr 1034 2 Canadian Oelanese.. d 30 7134 234 134 734 45 A Cable A Sons t k Last sale. .. Can Dry GIng Me t a Canada SS Lines._t«r Preferred 100 r d d 100 t d .26 d 3734 434 Preferred 5 27 d 134' 7 t Campbell "34 7 . 134 2 Wyant A Cannon Fdry .(t) « Canada Cement.J00 r 1 d . . 38 1334 _(t) .. com Byers (A M) com d 1 Butler (James) com. Preferred 100 X Preferred 100 Bankers Sec Corp. Preferred 50 d Price per share, not per cent, 634 434 Bush TermOocom(t) 1034 4 Bancroft (J) A 34 2 7% cum pref._100 Burr Add Machine (t) 12 .100 . 20 (t) Com class B (t) Vot tr ctfs_-(t) Vot tr ctf "34 100 Wks.(t) Preferred 100 Baltimore Tube. 100 Preferred— .100 Bamberger (L) A Co Loc 134 Burns Bros com A(t) 3134 34 Aviation Corp Baldw 2 pref Burden Iron 10 d Aviation Corp (Del) 1 100 . 13 Credit (t) 34 434 Bldgs pref Austin. Nlch A Co t Prior A _(t) .. "234' (+) 8 52 Tack Autosales Corp Preferred . — 634 8 t 100 (t) 34. 2534 134! o<» i. !.-Bunte Bros Plywood—_(t) Powder Preferred Atlas lontreal and Srice. t New Toronto stock and curb exchanges, (t) Without par value stock, u Ex-cash and stock dividend. v Ex-stock dividend. 134 Slunuon« Preferred 1st pref 1034 7 25 7A Pine . 30 20 18 134 (t) & Ry Secur Balaban A Kata— 100 Preferred , 26 d American shares. 234 20 - Terminal BucjTus-Erie Co. 10 7% cum pref 100 $234 conv. pref..5 Budd (E G) Mfg.(t) Preferred 100 Budd Wheel (t) Bullard Co Ct) ( itch__.(t) Rulova Watch 134 334 1 3 Associated Rayon (t) Austrian 50 107 . Pref(no n-vot)_100 Commercial Class B -.100 Atlas 100 Brunswick 22 Auburn Auto mob. 26 Vm Title Fidelity A D (Md) 50 d 2 \m Credit inilem.26 20 pref— Atlas Stores 16 15 Oolortype. (t) Amer (Washington) —6 d Commonwealth— Casualty Phlla.10 2 New TITLE GUARANTEE & SATE DEPOSIT ST OCKS. Chicago T A Tr. 100 130 Clty8D(Alb,NY)100 n 100 2134 100 Alcohol com v t ct d 1834 1 3 25 Amer ...100 Atlas 3434 105 20 ..100 Preferred Amer Bond A M Guar..20 3434 preferred... t Cigar 100 Amer Coal Dry 26 IT .... ^referred Buckeye pref.. Associated . Brunawlck-BalkeCollender (t> Prefprrod 100 3 100 r 4 10 46 Prior Am 54 Apparel 234 634 4234 Canadian Properties 2d Brown Shoe 34 . pf._100 Atl Fruit A Sugar.-t a Atl Gulf A W Ind SP Lines stpd._(ti « Preferred 100 d ASlan Lobos Oil t d Preferred 50 a Atlantic Refln'g..25 Atlan Steel com. 100 7% preferred. .100 64 80 .100 . 2 34 34 334 334 134 25 — Am Chiclef York Investors Common 3 1 60 Am Oar A 134 a 34 Shipbldg Atn Can— 434 434 .. . 26 .100 Associated Oil. 36 Brown Roverl El See N Y 24; (t) « G'ds..t« Assoc "534 5 - t d 2334 Ltd(t) Steel 100 .100 2d pref. 100 Brockway Mot Tr(t) 7%oumconvpf1or> Brown Co pref..100 Brown Fence A Wire Com B (t) Conv A pref (t) 1st pref (111) .. Industries 1st 3034 100 Preferred 100 60c. Brit Empire Constable.t Osrp 1 46" 7% pref 100 4 Art Metai Constr.10 Arundel Corp -ft) Asbestos Corp Ltd.f dr Associated 1 634 (T) Brit-Amer Tobreg£l Brit Col Pack Preferred 34 4 7 Reg 8 . d 10 d iNofce Common. Am 5 100 7% pref 2 Armstrong Cork.. 10 6% Preferred..50 Am Beet Sugar ..(t) Preferred 100 American Book.. 100 Am Brake 8h A F a 334 ... Brit-Am Oil Corp ft) 87 34 Arnold. 1234 134 X 26 d 7 Co of Del 100 Preferred 4 B Bristol Brass 7 50 Artloom 100 \r«>h a 334 434 Olass 85 Com Ol B 10 34 34 334 n Midi OsmOl A 24 preferred. Second preferred. Bridgeport Mach. ( Briggs Mfg Briggs A Stratton (t) Brill Corp cl A. Ordinary bearer £l __ 10 34 Hotels.. Bilt . 134 Appalachian Corp— Common (t) A P W Paper (t) "934 Airports—(f> d a (t) Preferred t d 30" 14 10 Cap... 22 134 34 234 334 634 4234 AC_(t) Armour A Co 100 60 Bowin 19 18 ( $6 A conv nref f+> Anchor P A Fence (t) Armour A 7 100 Botany Cons M. A60 7 134 1834 c_( t c ( Preferred 15 6 6 A Rubber, com. (t) Preferred 25 100 Archer-Daniels 22 (Delaware) t d Amer Agric Ohem— (Conn) com (t) d $6 cum pref (f) (B)./ a ■t: 6 Amer Agric Ohem— Per share. Wharf Co.-J Guaranty 434 35 Preferred 7 % 50 80 Columbia 101 80 100 j Alum Goods a New Allis-Chalmers 4734 101 1st preferred.. 100 d Amerada Corp t d Bos RET (Bos). 100 Devonsb 100 Mfg (t) d Amal Sugar com a Bos Stor W'h'se 47 34 6% pref 1 Albany Tr (Bost)100 Alliance Realty t Bedford Tr (Bos) 100 Berkeley HotelTr (B) 1 Bd of Tr Bid Tr (C)./ Bos Gr'd R T Tr (C)J Boston Anchor Dye 334 First Wringer $6 pref v d Woven Hose Boston 534 100 Anaconda W 21 Borne 8crymser__25 Boston-Herald Traveler Corp 15 3 Am Wr Pap v t 734 4 . 5 STOCKS LAND A Ohem Amalg 4734 100 14 (Mass).100 Amer 25 d BorgWarnerOorp 10 4 4234 100 Preferred 34 34 preferred..lOO Borden Co 42 34 100 1 0% preferred .100 d Aluminum Ltd. 100 '234 134 2 134 34 Aluminum Co com.t d 35 d d 22 Fisheries..(t) Booth 1st 33~" t B Common 4 46% 9/34 Preferred 34 warr.. Corp 7% pref. Preferred ' 334 25 Preferred warr.. Common REAL ESTATE TR ft $40 5034 434 (t) d Brass 100 Am Wool Allegh Steel com.(t) d Alles A Fisher (f) d Allied Bohn RefHg pref.100 Bon Ami com A__(t> : Amer Wind Glass 40 partlc pref Without X 16" IB" 42 Am Vitrified Prod .50 34 12 6134 50 Bohn Aluminum A 50 « Preferred Alleghany Corp..(t) d 534 % preferred 100 with |30 warr. — — t 21 Type Found. 100 Am Pack With 1 2034 ..5 " Common B 1 634 d .10 Biyn Shoes Inc. t Preferred Alexander Ind com.l 8% 1 lO «o\ \Q0 Joseph Lead—IG St Mary's MineralLand. ........26 62 7%..100 58 Synthetic Am Thread pref 36 34 19 7% 1st Dref___100 cum "334 Am Tobacco com.25 — 35 Bohack (H O) com.t Pref '§" 100 Preferred..: 5 ... Air-Way Alaska Premier Gold M Qulncy 26 Rand Mines. Ltd San Toy Seneca Cop Mln Shannon d Blumenthal (8)-— inc 7% pref—100 d Bloomingdale Bros, t 31 Am Therm Bottle A t 34 34 2 (t) .... d Bros Tob..25 Preferred .100 d Bloch 34 Asbestos "434 '434 X 6 24 t Am Sum Tob 334 20 d preferred.-.10 2d 34 534 5 m 98 Refg—i()o American —— d m mm 16 d —50 95 American Stovs.100 "234 34 (t) d Air Reduction 34 ttX ..1 Psnd Creek— St 3 (f) Preferred 1934 t American Stores mm'- mm — 534 334 1 35 100 Preferred 66 1734 2234 P'drles.(t) 3 Warrants Park-Utah— Preferred Am Steel Preferred Preferred 100 Affiliated Prod— (t) d r Investors com (t) & 6 2 7 62 32 Am Solv A Ghem._t Am Sugar Rubber Preferred. 434 1034 26 (t) d d Class A Aetna Mines A com20 1034 134 22 2 4 25 d (t) Blaw-Knox Co—(t) Bliss (E W) Co.— t 2 14 34 534 .25 100 Preferred 25" 6 8 32 d _(t) Preferred Blauner's 16 12 second pf-100 Am Snuff Supply Mfg Class B ..10 Ontario Silver Mln.t Consol (ft 13 100 N Y & Honduras 14 Ship bldg.. (t) 0% 18" d ' 35 34 AmSmelt A Refg. (t) Preferred... .100 17 4% 3034 (t) 12 Amer Ship A Oora(t) (t) (t) Black A Decker. 25 12 10 434 2934 534 734 28 d 1 X 334 334 Industrial 334 90 Amer Seating v t c. t 85 7% pf w w 100 Addressograph iVXUlMulp—(t) tlgraph Corp.. Advanue-Rumely (T) sly Aeolian Co pref r..ioo 1 Rosario 12 834 IX 32 X 1634 Adam* Mills 100 pref.. 100 Amer Repub Corp. t Am Rolling Mill.. 26 0% pref ser B.100 Am Safety Raaor (t) American Screw. 10 5% preferred—100 "l34 d $234 cum pref. »—25 d Billings A Spen Btrtman Elec Co..5 d d Preferred 334 65 cum 75 Adams Express., New Dominion A..1 New Qulncy New River Os .... 25 "34 ?% cum pref..100 334 preferred—100 } % Acme Steel 31 Bickfords com.. 50 d A 10 ---- 83 2934 334 (t> d Bethlehem Steel, (t) 50 Radiator Abraham A Straus.t 12 10 - 1 X mm mm mm 25 d d Amer Pneu Serv 97 90 Abitlbi Pow A Pap. j -■ •Astberioajuoarn(t) Nevada Cons Oop(t) New Cornelia Cop.fi Enterprise 50c. Loan pref Best A Co I no Stand Sanlt-.(t) Dairies pref 2d .101 2 1 34 Moss Gold M Patlno Beneficial 1st preferred Preferred 13 1234 25 Mln 18 Amer A bbottsi Alderney Mclntyre Porcupines Copper 6 Mining Corp of OJlbway 15 14X New class A..... INDUSTRIAL AND MISCELLANEOUS ---- Miami mum 10 7% Mayflower OldOol 26 New 13 134 234 Amer Piano— 65" Mason Val Mlnes..5 Canada 8 234 USFidelAGu(Md) 10 17 70 34 134 2 V: 5 3634 1634 Beech-Nut Pack. .20 d Beldlng Hem'way(t) d Belgo-Oan Pap pflOO d Bellanca Aircraft.(t) d Bendlx Aviation, (t) Wash Cons Tit pf.60 - - 30 434 Magma Copper Co. t Msbawk 26 4 36 7% preferred .100 934 6% preferred.. 100 American Meter t d Amer News 10 d "" 2434 of New York 3234 \ 334 >,>. 4 d Vot trust ctfs— (t) d' Amer Metal Co.. t d Union GuarAMtglOO La Salle Copper..25 Mass Cons Amer Mach A Fdy.f d Am Mach A Met (t) d 31 834 134 434 d 25 Bayuk Cigars t d 7% 1st pref—100 Beatrice Cream. .50 d 1034 434 4 100" 145" Md ,5ft d A Trust 20 Inv Guar 10 ..20 d Locomotive, t Preferred 100 Title Gu TriStL) 100 -- -- Lake Sh Mines Ltd 1 f La Rose Laundry Machinery 15 14 Preferred Barnsdall Corp Class A voting Amer 10% t 100 Barnet Leather Amer TitleAMtge. Title A Title 534 Kennecott Copper Kerr Lake.. Lake Copper 25 5 234 2 _(t) 100 634% pref 234 34 134 d 100 — RET Ins(Wash) 100 State Title Mtge Per share. Barker Bros 27 234 Oorp.(t) Preferred Amsterdam Suffolk 60c7 25 Keweenaw. 454 Northeast Surety— ---- 1034 85 334 Foamlte Casualty (Bait) 10 d 134 20 Cap Copper. 10 Island Creek Ooal.l 234 2 Am Intern Corp. .(t) Amer-La France Nat Title Guar 50 Inspiration Cons 2 20 d Amer I G Ohem A., Mtge. A Title. 100 Maryland Gas Co.25 d Mtge Bond A Title com (t) Nat Surety Co 50 Bio. Par Per share. Lawyers Westchester 25 4 Stooka. Ask. Bid. Par Per share. Per shore Helvetia Copper -25 Holllnger Mines 6 r Stooks Ask. Bid. Par 87 MISCELLANEOUS STOCKS & INDUSTRIAL r 88 INDUSTRIAL Stocks. Par Bid. Stocks. Ask. % Carnation Co.... (t) d 7% pref 100 Case (J I) CStpd ctf_. 100 Preferred..... 100 Case Lockwood A Bralnard 15 Common Preferred Cons Ice 50c referred Cons Laundries 17Vs • 400 " 4% 4% warrants —100 2 n 1 100 -.-100 Ya 3% i com rjjj Agulrre Associate 6 —(t) 2 4 25c Central Airport „(t) CentralCAO. .100 Preferred 100 83* 35 c 50c 2 Centrifugal Pipe— Century Bib Mills. 23* 23* 70% 100 5 80 Cert'n-Teed Prod., t 7% preferred.. 100 Cessna Aircraft com. Id Champion Coaitu Paper 100 Preferred 10( k Special pref... 100 Chapman Valve. 100 mi __ T" 80 ~2% 53 55 2 10 Ohlckasba Cot O_10|d 6 Chic June Bys St On St Yd stpd. 100 130 77 82 1 2 4 Preferred 25 Ohlc W llm St Frank 100 100 OhJc Yellow Cab_.t Chllds Co com t 8 Preferred 100 OorlstleBrownACo. AOo.t 11 56 50 80 15% % X d ®jfcy & Sub Clark d 3 Oleude Neon Lt Olev A Buff 3* Oleve Tractor (t) d Oleve Cliffs Iron- Preferred (+) d £ eve!Id QuarrleslOO SKsroM Preferred d 100 Oloett, Peabody.. t Preferred loo Coca-Cola Co t _ Class A. "ft) Coca Cola Internl(t) Colgate-PalmollvePeet i|| IIII 2 5 25 10 30 90 893* 44% 175 13 94 89% 45% (I) 135* 14% 80 A1fenian (f) f 23* »%)....106 Collins Co .100 3% 63 15 25 2°Jon]b,j» Syndicate- Colonial Beacon Oil Color Pictures Colo Fuel & Iron. II" t % 33* . Preferred 106 10ft Colt's Patent Fire Arms Mfg Columbia Bak 1st 16 % 4% 30 8 Ctfsdep...! t com v t c t Oarbonvtcft) Commercial Credit t 7% cum 1st pf__25 8% We'd B 25 03*% cum pref 100, 6% conv cl A 50 d Commercial Credit (N O) pf_25 Comm 1 Invest Tr t 7% 1st pref... 100 fppy Pref opt ser t 6 h% 1st pref with warrants J 00 4 15 13 47 48 133* 14 113* 89 90 3* 3% X fl 1 100 98 t 3 1 2 lo6i 45 6 X85&dWw-10° ft, preferred 100 Film Indus..f 12 cum part pf + :tM Cons Coal ofStL. 100 60 _ 'ix 3 1% 3% Ex^ca^h'smd^tock* <Fl^dend curb exchangrs % 21 7% A 5/0 ^t/8 d "4"" X 13 14 d 45 47 IX X IX 1 IX d 1-16 d d eo'x 75"" d 54% d 2% 67 4 76 4 1% + Without par value. 3X 3 43^ 6% % 33 90 1 "X 45 (Bait) IIX dr 6 dr 7% d 22 X _ 16" 2 10 wm mm 30 mm com A—( B 4% 5% 5% 52 ~7 30 36 2 8 12 83 11M 48^ 37% X 6* 1% 78 2% 3X X 8 80 4 Ford Co Ltd— Guar Tr rets Ford Motor FranceFoster Wheeler d (t J7 conv d 2% 2% 3% 3% "IX "2 Fox Film cl A... t Fox Theatres A comt d T% 1% Franklin (H H) Mfg+ d "I" "2" 1% 13 X m 1 pref—.(t (f) i Driver Harris Co 100|d Preferred Drug, Inc 100 45 —(t).- 23 2 "I"' 6 Freeport Tex Co Fuel Oil Motors Fuller (G A) Co— + d Partlc pref-.-.(t) preferred 1 Gabriel Go^clA t s!'A 23 X 30 Gen Am Tank Car.t Gen Asph com.... 1% Gen Aviation 1st pf_ Gen Baking (new) 79X 6X 98 3 .100 Gamewell Co... Preferred (t) Gardner Denver c(t) Preferred. 100 Gardner Motors..25 10% 2X 8 Franklin RySup.(t) d 10 Eraser Cos com 1 dr 25C. 2d 100 Atl (f) "33* % 33* 22 X 4 223* 6% 143* 3* —100 '1 A 13* 13* Grant (W T) \ ..(t> d Graton & Itni :ht__t d 7 145* 13* 9 4 inn ,.100 P J Tea, (t)d oom__ t d co .100 Gt Lakes Tow Preferred 105 100 100 11034 Gt Nor Ore Prop (t), d d Great Nor Pap 25k Great West 8ug_(t d J 15 3% 50 10i Grlg8by-Gruoow..(t) X (f) d Preferred 100 Guantanamo Sug-.t Preferred 100 Gulf Oil Corp 25 d Gulf States 8t'l_. (t) d 1st preferred..100 Hahn Dept d Sts..(t) 5X% conv pf_100 Hale A Kllburn. 100 Preferred 100 Hall (W 8) 173* 33* 60 14 d Gruen Watch 7 18 X % — "X "% 25% 26 3 3 6 4 20 X 7 1 7X _ "l% '"23* 10 d Hamil-Br Shoe.. .25 d 53* 6 2% 3 2% Printing vtc Hammermill 6% 57 Foundation Co t d Foundation Co(Can) dr dr I Grand Union Oo.(t) d S3 pref (t) d Granite City Steel (t) d Non vot 63 i t d Preferred 11% "l3i com.(t) d 6X% conv pf.100 Grand(F A W) Silver crura Hanna Fostorla Glass—10 Preferred... 58 25c Store 5% 90 IX 12X 7%Pf(wlthwar)100 Without war 100 Gonld Coupler A— t d Graham-Paige Mot t d Grand (F A W) 5-10- d 10 5 10 pref.. 100 (M cum A) 72 1st .pref (t) 33 Happiness Candy Stores class A t Harbauer Co (t) Harb-Walk Ref— Common f Preferred 100 Hartman Corp cl A* t Class B X u __t Hart, Schaffner A Marx 75c". 100 HaskellteMfg com.. New pref 10% d Hathaway Bak A(t) 4 Ol&ssBvot tr Ctf(T) Preferred..... (f) Com A Sugar 25 11 2% Hawaiian 11 awaiianPineap'le20 Hayes Body 10 75 15 80 " 10% 5% il" 10% lix 6 t Havtlan Corp of Am 1 Preferred f Hazel-Atlas Glass.25 8X ... 73* 30 Paper common 95 30 113* vot 11 Silk— 16 pref....... 100 Ford Mot of Can 100 Class A t d Class B -t d 98X 29" — Gotham Hamilton Watch, (t) "4 50 9% 10 "7" Gorham Mfg com(t) d . 90 . 80 " 63* f Grnfld Tap A Die. Preferred 10.. I X % Follansbee Bros.(t) Food Mach'y (+) Preferred 73 com A.t d S3 pref with war.f d Preferred 16 1st preferred-.100 1st pref conv pflOO Florsheim Shoe comt 6% pref -.100 JP* 22 pref... Preferred 4% 5% 0% 7 30X __ 18 9% A com., (t) Gorham Inc 1 803* 8% pref —.10 Klshroan (M H) Preferred 100 Flsk Rubber com._t 2 6X .10 Goodyear T A R Canada pref.. 100 IX 12 % d IX 8X Tire Rubber Gt 6 j^ d 3 $7 1st pref (f) Goodyear T A R 01 18 IX % 11^ . Preferred Gray A Dudle Preferred. am 46 X "% IX 4% 4 a 6X Stores 19 10 6 — inn 19% % 0%lstDref _100 First Nat Stores_.(t) First pref 100 IX 3% 4X 3% 3 2 d 8 100 Hosiery (voting) _t d SlVr" Firestone T & Rub r Dry-Ice Holding d Dunhill Internet, (t) Duplan Silk __t X IX 100 48 2X H 7 35 75 10 r Dominion Stores, (t) Donnacona Paper (t) Douglas Aircrf (t) Douglas Shoe pf.100 40 10 t d 12^ 48% 60 5X d Common 4 r Dom St Corp pf.100 Dominion Steel A Coal B 10% 13 8 X , 4 d d 16: 36 Goodyear 100 1 t d Fay A Egan com. 100 Preferred 100 Federal Aviation d 4% r Preferred Glen Alden Coal Glldden Co. 1023^ X 10 Faultless Rubb Jene's Sons (t) 6K%cum pref 100 Finance Co of Amer 7X 12% 21X r 90 .100 . Gillette Saf Rax. ft) $5 pref. (t) Gimbel Bros t California 8 % non-vot pf.100 Fiat Am 4ep rets 5th Ave Bus Sec. 6X 12% 20X Diamond Match.(t) d Preferred 25 d Diamond Shoe com t d 6X% pref (with warrants) __100 Dictaphone com.(t) Preferred 100 DiUlorgio Fr'tunits. Dixon (J) Oruc_-100 Doehler Die-Cast (t) d Preferred 50 d Preferred _(t) d Dominion Bdge.100 r r»ref 28" 2% d 75 cum 23" t d IX 60 Drug. Preferred 10C Eureka Pipe L..100 d " Baynolds Preferred 14 X |d Preferred 1 Detroit Aircraft, (t) d Det A Clev JNav__60 25 973* 13 X d 1 Denv U n Stk Y ds_ (T) d Preferred 100 Derby O & Ref com t d .... 24 .100 d Falrchlld Avia A., Cajardo Sugar 100 Famous Players CanOorp com-.(t) Voting tr ctfs Fanny Farmer Candy Shops pref. t Fashion Park Asao.t 7% cum pref.. 100 2 8X $6 cum conv pfd. Goodrich (B F) ... .... d Preferred 83* 77 4 . .... d £ 3% 100 Dresser (S B) A Class B-....... Emp Oapw Oorp.(t) d 7% prior pref Globe-Wernicke 100 Preferred 100 Gobel (Adolf) Oo__t GoldmanSachsTrad' Gold Dust Corp vtc .... (t) d d t com preferred-.100 Emers Brant cl A_(t) d Class B it) d Emerson's Bromo d Seltzer class A Class B "23* d a 2d Ctfsof dep..100 Fairbanks Morse. _t d 2% 18% 4% 7% preferred—20 d De Forest Phonoflina Dow Chem Ely Walker D G..25 1st preferred-.100 Preferred...... 100 Fairbanks Co 25 d Ctfs of deposit. d 1 St Ref 7% pf—100 d Deere & Co com-_(t) d & 50 . Amer shares Decker (A) & Cohn Common A__ Preferred A Preferred 6 d Exch Buff Corp t Fair (The) Chic.—t d 3% _(t) d Debenhams Sec— 1% 4X X X Evans Prod X Dayton Airpl Eng(t) d Rty u 5 15% d A 15 4 lEvans ( Sm) Dairy 7% preferred d D H HolmesK td.10 Davega Sts Corp..5 Davison Chem t Dow T" 20 19 §H%pf ex-warl 00 7 . d 1 m 5 40 73* 100 t f 3% t Gen Theat Eq v t c. t Conv pref vtc. (t) Gen Tire Sc Tub..26 0% cum pf A..100 Gibson Art t Gilchrist Co 70 % t Eureka Vac Gl^an d a com Dom I & S pref-. 100 Domln Rubb pf.100 12 62 8 100 4 ftuc£,8#!I0orP- <nk Cons IX d d 61 30 9 $0 preferred 9 Aufco-Hte (f) Preferred Id 1 Dominion Glass. 100 Preferred 100 96 73* t 143* 43* 95 58 4 . Preferred 1 * 83* 56 preferred (t) d Gen'l Stk Yd com d , EquR Office Bldg(t) d X Dom Coal pref. .100 r Oongoleum-Nairn Pub~"(t) 41 5 4 3* 133* 43* 12 3* 12 3* War extJanl5'33i Osinm Solvents. t d Oande Nast Congress Cigar. Consol Aircraft Consol Oar Heat. 35 Inc 1st pref—100 Amer shares.. Columbia Pic 24 Dominican v t c„ dI Preferred 100 Electric Boat. <♦) Elec Cont & Mfg. + Kiec & Musical— 64% d tld ... General Refrac Gen 8teel Cast com X 3% 2% EodIcott-Johnson-50 Class A (non-vot)t d com "~2 Graphoph Common Oolum 9X 20X 17% -~t d Warrants Cushman's Sons—t 7% cum pref_.(t) $8 cum pref 1 Cutler Hammer .(t) Devoe 25 d preferred. 2d pref Columbia 3 7% Deep Rock Oil 65 ifi "VA Cuban-Am Sag —10 d Preferred 100 Conv 72 2 25 98 100 com 5 50 833* 3% 4% 13* d 30 8% 64% Ink-(t) Preferred % 29K 80 $6pf with warr.(T) Gen By Signal com t d 55 Oorp.-t 2 20 CurtlssWrlghtc 'orp t d k Tr..166 17 ' Preferred 101 Crown Cork Int A (t Crown O'k St Seal (t) 4 20~~ T| Gen'l Print d Econ Groc Stores. 11» Elgi^Watchlllafi Slk H Coal 2% Sugar 3ys Indus Am shs. Elec Stor Batt 19* Curtis-Beld d Homes.. Eq Co com_(t) ~VX 1% 2% 100 Cudahy Pack.. 50 Oumberl Pipe L rets CurtissAerop Expt t Curtisa Fly'g Serv (t) Curtis Pub com., (ti 17 preferred .-(t) 15 3* 53 h d 'Tx _ 16 —— 3* 2X 17 % Cuban (Cleveland). _(t) 63* % cum pf—100 ty Investing.. 100 llf* 1% 1 Cuban Tob Eaton Mfg Co. 10% 2% pref. .100 Motors. .10 Advertising A 39% 110 Elsemann Magneto, d 15 10 ini "8X cum Com vtc.. . preferred 100 Eltlngon Schild ._(t) 1st pref. 100 101 , 6% Genera*! Outdoor-^ 100 __ 20 t d .100 General f\d 39lZ Kodak Preferred 4 Fireprooflng. d 4 27" Cuban Cane Prod (t) ~5X 5 Yds. (t) d City Ice St Fuel „ 2 ~lVs Wareb__10U Oln Dn Stk O x 6 Chrysler Oorp.ft) UlnTob 10 3* i "5 Lines. X 100 Preferred Gen Foods Corp.(t) d Gen Laund Mach.. t General Mills { d % <Sf°? Br011 81*- 100 d (t) Preferred Cream of Wheat—t Preferred Cuba Uo_. 20 7." 1% % (t) Crown-W 111am Paper 1st preferred t|d 2nd pref Orown-Zellerbacb Yot tr ctfs (t) d Pref A (t) d Pref B (t) d Crucible Steel...100 Preferred 100 Cuba Cane Sugar. _t d 8 Gen I~~~ w "~}d Prior pref 1 - 4 25 . rn Ask* Per share. 90 95 Gen Cigar common t d Preferred 100 d General Electric, (t) cl Special 6% stk. 10 d 16 ■ 4H Preferred ... Preferred 19X (t Jrosley Radio—(f Crosse ABlackwell (t Crowell Publish'g (t .... .... 3 H 31% 19V8 3% 100 Crock-Wheeler 70 9 7% pref.. d 5 w _ ii^S pref..^pref.. Non par tic - - -100 Creole Petrol Crex Carpet 90 Preferred. Preferred 100 10U Ublc Pueu Tool OOl (f) S3 3* conv pref-.j Ohlc By Kqu.„ ilp...25 2% Preferred.. 10 Corn Prod Befg._25 JYeferred 100 Oosden Oil t Preferred 100 com X , East Roll Mill.. Eastern 8S X 30X Continental Mot-.t ... 125 70 a Preferred 100 Chase B&Cop pf 100 Checker Cab Mfg (t) d Chesebr'gh Mfg. .25 d Chestnut St Smith Coal com X (vot)..(T. Preferred 83% 3-16 _ioo Eastern Equities K Pf(8%)(non-v) 100 Continental Can ..t Oont DIam'd Flbre.t Crane Co com war. Bid, Par. Gen Bak Co pref t d Gen'l Broriz f d General Cable.—(t) d Class A (t) 26 83 Kf A0?--,—-25 d Eagle-I Icher Lead 20 d X Stocks. 25JHj ^f^am Hosiery.60 d ,rre2 100 % t Oosg-Meeb Coal. Ooty Inc.. IX 93* IX 20 (f Ask. Per\share. (Can.) d Eastern Mfg_ Cont Wd Screw com 10 8 Bid. Dm-ham Duplex ltaz Prior pref with cl B .3* Oont'l Oil (Del)__(t) Oont'l Oil (Me) vtc Oont'l Shares (vot) t 2 17 10 Durant Mot. 1 % 6% prior pref. 100 7% 1st pref 100 Warrants Container Corp A.20 Class B 1% Preferred 89 Cunt Rkg A (vot) (t 1st preferred 5% 4% ioH ^referred... 100 Consumers Co com 6 Class B Oelotex Co com _(t Vot trust ctr—(f pref 5% 8% preferred-.100 OelaneseCorp —(t $7 Durant Motors, (t) Consul Retail Sts__t x% of with war 100 Consol Textile 1 Cons Coal of Md_ 100 18 95 63*% pref with Central 50 ,0^ ; Par. DuPont (E I) de Nl A Co com 20 Deben stock.. 100 (PlttsD)_60 75c" : Stocks. 60 ... Consol Oil Oorp-.(t) '' Ask. sharp. 100 75c" (t) d 7% pref.. Celluloid Co Per Consol Dry Goods, t d 33 Caterpillar Tract, (t) d Oavanagh-DobbsInc Bid. Per 194 85 Co. .100 MISCELLANEOUS STOCKS Par. Per share. Canadian Gen El 100 Preferred -.50 dr 52% Can Indus Alcb. (t) d 50c Class B (t) dr 30c Can Locomotive. 100 Preferred 100 r Can Power & Paper r Oarlb Syndicate..2f. d & Stocks. Stocks. Ask. Bid. Par. Ask. Bid. Par 25 d ft* Preferred 100 Herr-H all-Mar v d 75 16 22 49 60 65 _ Hey wood-Wake¬ field Oo_ 100 - . HlbernJaSecur pf 100 Hoe (R) A Oo cl A_t Hollander (A)AcSon(t) Holland Furnace. t Holly Bug Co t _ Preferred d d d d Horn&Hard't(NY) t Preferred 100 Houdallle-Hershey . Class B f Household Fin pf.60 i Houston Oil (Tex) 26 d Howe Scale com d Preferred 100 Hudson Mot Oar__t d J Humble OH A R..25 Hupp Motor 10 Hutch Bug PItn_.26 d d d Huylers Ine t d 7% preferred.iOO Preferred 100 15 d d 26 Laclede Steel 18 634 6 34 Ltd (t) d Registered shares, d Imperial fobacco of Canada com__5 dr Lakey Fdy Ac Lambert Co Imperial Tobacco d 2 Indepen Brew'g 60 d Preferred 60 d Indep Pneum Tool.1 d 1334 J* 100 100 Industrial Rayon (t) IngersoU-Rand ..(t) Preferred Inland Steel Intercont 2034 934 luu 12 (f) Rub 34 Int Cigar Mach__ Int Combust Eng. i Pref ctfs of dep. Preferred Int 10C com.uu Harvester 60 f" 15 34 Preferred Internet! ] Match- 77 >a 7% cum pref..100 InterPaper7 % pf 100 Int Pap A Pow A (t* Class B (fi Preferred.. 24 1 34 Int Ptg Ink com Preferred (with 100 Internet Shoe Lord t 32 t Preferred 2d Preferred. 100 IntTextBook newlOO Interstate Dept Sts.f warr 100 Intertype Corp t Irving Air Chute, (t) Isotta FraschinI— 3254 10 d 6 1034 TVs d 7 4 45 62 55 234 t (t) 37 42 2 234 y 10 14 60 90 234 14 11/4 5h Preferred- 65" 70" 68 100 70 Karl-Keen Mfg Karstadt (Rudolph) Inc Amer shares. d 34 H Kaufman Dep St Com 12.f d 234 334 Kaufman (C A).100 aayser (Jul) a Co.l d Keith-Albee Orph(t) d 7% preferred.. 10C Keith (Geo ffi) Oo— 1st preferred..100 34 20 a d d preferred 25 d Maple Leaf Mill, (t) dr Preferred 100 r 2d 6 30 "534 Pref class B dr MaracaiboOll Expl t d 40 "534 934 40 . . 40 1 d d J d d (t « 8% cum pref..100 d Murray Corp (t) Mfg.t Bro(t) Nat Acme Oo 2d . . . . . 10 34 Ohio Oil Purchaser also pays accrued div. 100 50 6 9 13 65 75 50 60 10 8 334 334 Okonite pref 2634 734 8 mm mm 24 26 34 34 1234 234 34 *34 8 234 34 65 ""34 6% pr pf w warr.T d $3 conv partio—t d 234 - 4 Oppenheim Collins. t d Circuit—1 d preferred—100 d "334 Orpheum 8% Elevator— (t) d 100 d Otis Preferred. 1 d Otis Steel Prior d 20 Outlet Oo com—(t) 11 100 Owens-Ills Glass .25 d Oxford Paper pfd 6% Pacific Coast Co. 100 '234 234 1st 2d 434 14*34 d 10 d 8 834 d 134 2 d "2 34 10 134 38 32 i°2 1734 16 "234 34 234 4 preferred..100 preferred..100 Portl Cement.. Preferred Pac Pacific West Oil. (t) 26 35 2734 .(t) Am Petrol Ac 2734 mm -mm. IIII 234 . . — 5 2 3034 30g 33 33_ 334 d Paramount-Publlx Corp (t) Parke, Davis Oo—t Parker preferred-.100 pref.lOO d Panhandle P Ac R..t Preferred 100 Paraffine Cos mm d 4 40 Transp com 50 Com Class B.—50 110 100 2 Pan "34 d 334 Pan Amer Indus 3 ~5~~ 98 "3"" Pairpoint Oorp ..100 1 ~9~~ 9 Packard Motor.—10 d 10 90 Preferred. 90" 234 5534 334 pref (vot) .100 12 ■ 34 4 — "334 354 10 - 19 Olympia Thea pref— 234 Omnibus Oorp v t c.t d 55 Preferred A 100 Ontario Steel Prod (t) dr Preferred 100 ' , 634 68 Equip, t d Oliver Farm 20 60 3634 65 100 100 134 134 13 34 12 Wylie Mffl— Preferred Inc.t 30" 35" Park Ac Tllford 76 82 Parmelee 734 1534 34 Pathe Exch Inci-(t) 34 34 34 634 1534 34 Pref class A—(t) 134 134 1434 334 15 4 mm mm 9 mm mm d ~ 25 Peerless Cement—t d 7% pref 100 Peerless Mot Car.60 d Pender(D)Groc'y A d Peck. Stow Ac Wile Class 2 Trans- (t) B__ 3A l '134 d Warrants Fire-Proofing 50 d IIII 60 d 834 (t) d 58 National Lead..100 100 7% pref A 100 82 6% Dr*»f B .100 Nat Preferred 534 34 534 1 Nat Fuel Gas 7 934 60 10034 85 d Price per share, not percent, k Last sale, n Nominal, r Canadian price, s Sale price, t andstock dividend, v Ex-stock dividend, w Ex-100% stock dividend, t Ex-dividend, v Ex-rights, z Minimum price established on Stock and Curb Exchanges, t Without par value. a 185 ... 6 com.(t) d Preferred $7—(t) d Nat Cash Reg A.(t) d Nat Dairy Prod...t d Nat Dept Stores.._t d 1st preferred..100 Nat Dlst Prod —(t) d Nat Enam JfcStpg.(t) d Nat Family Sts lnc(t) Cl Cum pf $2 w w.25 d . ... 16" 1334 d pref—(t) Nat Carbon ... 35 100 (t) d Preferred Motors—.(t) 10 Nat Air Transport.. 18 (t) 1134 Nat Aviation National Baking.(t) Preferred 100 23* Nat Bellas-Hess.(t) Preferred..—100 Nat Biscuit 10 Preferred 100 934 -t 34 Nat Breweries Preferred.—.100 134 Nat Candy (t) 13 1st preferred ..100 Marine Midland—10 Marlin- Rockwell Corp v t c t M armon M otor C t d Products—t d Nat Casket 2234 1 preferred...— 2nd preferred Ohio Seamleso Tubet d Preferred Nash 25* 15' 1st ^ 30 Machinery..100 Moto Meter G Ac E_td Myers (FE) Ac 434 115 d _ d A Murray Ohio 13 434 Jordan Motor Car.t KOStk Yds Me. 100 r--" 234 1 4 Units 8 (t) 24 r Manning Bowman Ac Oo class A...(t) Class B _-.(t> Mfrs Finance. Bait— Com v t c 25 Preferred 25 ■ 5 90"~ Ohio Leather 'd $7 codv . Ogilvie F1 Mills—(t) d Preferred 100 r Ohio Brass pref.. 100 Claso B t d 1 5 d Ward A Mulllns Mfg 88 3hirt_25 Manischewitz (B) (f) Preferred 100 36 d Municipal Service(t) Munsingwear lnc.-T Murphy (G O) Co common (t) d 9 334 10 .100 Rubber Preferred. 15 34 234 85 85 8 12 Mount'n & Gulf Oil 1 Mountain Prod—10 85 834 Malllson (H R) 134 Mot Wheel Corp. 50 134 84" ' Go common Motor 534 175 12 26 Eng com.(t) N'West Yeast 100 NorwalkTlre Ac 103 50 preferred..100 preferred. .100 Manhattan .60 d 10( Preferred 234 Northern Pipe Line New 135" 90 Johnson Tin Foil A Metal 100 Jones Ac Laughlln «»«»«» 1834 134 d shares Amer North Ac Judd_. d $6.60 cum pref..1 Mo Portl Cement.21 734 34 1734. 10134 1 3534 d Morrell(John) A Col Morris (Phil. )AcOo 1( 234 137 Nye Incinerator Implem..' Montgomery -,534 a; No Amer Aviation.. d 45 15 A Morse Twist Drill Mandel Bros lno_(t) ' 'd Mohawk Rubb..(t Preferred. -10( 1354 _ 35 d S Ac (I) Voehringer com(t 234 (t) Stboat.100 N'west Class Dry Dks & Shipbldg pref.lOO Steel 7% pref. 100 7 11 54 734 34 id common Class Ys 100 17 1034 Vlock Judson Ac 7 1334 "234 Preferred 14 North German Lloyd Monsanto Oh Wks." (t) Johnson 3 30 (t) FUe_. 15 Power -.100 Mad 8q Gar v t c 2 Minneap-Mollne ' 1 Preferred 100 Manatl Sugar—100 Preferred 100 1034 434 234 34 3 Nor Ac W mm 434 Mlnneap-Honey well Regulator .(t d 22~~ 16"" 33 16 134 mm 30~~ 15 10 Y NUes-Bem't-P'd mm "234 10 Transports. 10 Y Transit Nicholson mm 934 134 pref......100 7% N d Drug 15 Macy(R H)Oo Inc.t Maddux Air L units. 934 4 d MacMarrStrs pr 100 15*34 1 121* d Mid vale Oo. 35 d (f) d 1534 Miller Wholesale 100 d Inc_(t) d Pet Midland Steel Miles Det Theatr 90 preferred ..100 preferred- .100 Ac Taylor—100 d 31 34 Warrants Jnhns-Manv Mtd-Oont "ib Mack Trucks Inc (T) Jessup & Moore Pap. 75 8 First d Sugi 834 - Wiles Bis—25 Preferred 3 Amer dep rets First pref.. Jewel Tea d d Mlchlgan Miller Macfadden Pub—(t) Preferred (t) Warrants 4 Lib-10 d $634 cum convpf t Mac And Ac Forbes (f) Preferred 100 Pf without w_ 100 4 15 Y Dock Preferred 1 1034 35 100 100 Merchancom(t) pref 7 % . 100 Shipbuilding— Founder Shares (t) N N Y 40" 50 26 100 Louisiana Oil Ref (t) 834% pref 100 Ludlow Mfg Assn (t) Ludlum Steel 1 100 Pref with 34 B d "334 5 100 100 pref Second pref y-2 8 Lorlllard (P) Preferred 100 Inter Silver 1st 1034 3534 Y Investors First 1434 2 Vj 1 d t d Inc(t) d Land \rlsona N N Y & 30 34 654 1st New Mexico At d 3 d d 34 N Y Air Brake Stores com A.... t 50 1034 2d N J d 1 d d Loose 12 35 20 '18 26 Worsted pref... N J Zinc 554 6ya 49 26* 100 634% pref Metropol 6 to 60c 231 34 96 New Hav 01 com.26 28 3 34 34 ■^34 Products pf—100 51 26 6 3 liquid Carbonic—i d Lit Brothers 10 d Lockheed Aircraft— d Locomotive Firebox t d i.oew's Inc 1 d t war) Internet Salt com 20 46 Met Chain Stores!t) 234 234 d Departure Mfg pref 100 New Engl Grain N d d 2 2 New Metrop Dairy Prod. 1 14 73 134 100 Preferred :,v. X;..;./; •: 12 10 com.. age /: 65 New Bradford Oil..5 12 Pref without warr. (t) 60 42 Lerner Stores Long Bell Lum A 100 Int Petrol 20 50 1 35 25 Bedford New 8 134 t Cord¬ Newton Steel ... Preferred — rxjft Inc 134 l6~~ pref. 100 d Merg Linocype.. (t) Merrimac Hat Co— Mesabi Iron 20 Indust—1 Newport 24 \lerck Corp Common Leh Portl Cement 1st pref (ti Class O 34 21 $334 cum pref with purch war'd Pf without warr(t) d Warrants d Lioew's Boston Th 25 d Loew's Ohio Theatre Partic pref 36 d Int Merch Mar., (t) d Int Nickel (Canada) f 134 1.434 1834 "734 Co J) 40 mm 434 1334 334 d (t) 7%-100 Preferred 55 t 5 —- (J Common. 10 834 45 Common 8 — Int Educational- Newberry mm' mm 14 34 17 Neisner Bros (f) Preferred 7%.l00 50 3234 Mesta Mach 6s 26 d Lily Tulip Cup— (t) Lima Locom Wks.t Lindsay Light 10 Preferred 10 Link Belt Oo (t) Lion Oil Refg... t 334 134 19 t fVeferred Lig A Myers Tob-26 Common B 25 Preferred 100 Int. Carriers Ltd < Int Cement Corp. 1H d Merchants A Miners —— Bryant Inc com d 100 d Lawrence Portland Liberty Baking Preferred Inter Button Hole Sew Machine Publishing 1-16 13" Lanst Monotype 1 Nav.(t) 60 Preferred 100 Lehigh Valley Goait 6% cum conv pf 60 Lehman Corp (t) Lehn Ac Fink Prod.t 1 3 d Landers. Frary A Lib McNeil Ac UU1U...T Prior pref 100 Int Business Macb Preferred Com A 18* 17 „ Leb Coal Ac 134 d Transportation (t) 1 d d Lamson Ac Hubb'd .. d d Preferred... Lee Rub At Tire 334 ' mm Supply Oo—60 100 d Nat Tea com——t 634% pref d Nat! Transit..12.60 Natomas Oo of Oal common 100 Nedlck's Inc com(t) 29 1 d Mercantile Stores(t) Preferred 1O0 Prior pref 1-32 d Libbey-Owens-Fordt d VUl 2034 103$ 1034 10 Mach t Cement 234 *4"" "i" d Refg—(t) m .... Preferred 25 dV 28 mm mm mm d Nat 12 23 d 1st pf 6% 100 Mengel Oo (t) 7% cum pref.. 100 no8* Nat Sugar 10 8 (t) common 12 8 6% preferred—100 d Mead Johnson Ac Cot Melville Shoe Corp it* Nat Steel : 20" II— 8%-100 (t) d Preferred ,334 Merch A Mfrs Sec— (t) d 60 d Olark Indian Kef com 10 d Indus Accep Oorp.t Cum pref 54 3 34 7% preferred.. 100 , 88 Lane India Tire A Rub. (t) d Indiana Pipe Line 60 d Indian Motocycle t d 1st pref 834 &Trans-Xg Preferred Imperial Oil . McLellan Sts com(t) ----- 154 50 Preference A 40 1834 t Common 7 2 Lago Oil Lake Sup Corp Ctfs. of dep d Lake of the Woods Milling 100 r Preferred -100 r HI Pac Coast... of Gt. Brit A Irel'd 3 1 ..100 Preferred Lackawanna Sec (t) McKesson & Robb— Kupp'h'mer (B)—6 d Hydraulic Pr Br. 100 Ideal Cement Illinois Brick McKeesport T PI (f1 1* 54 4 ctfs 20 kronen..— cl B.t 55 Nat Shirt 8h com(t) 334 10 d 24 60 26 d 100 com Preferred 33 2 warrants cm Nat Ref 2 ' 18* 100 Nat Paper Ac Type.. Nat Radiator com (t) d Preferred m d 1134 334 H 100 com Preferred Nat Mtg Ac Inv pf.10 d '934 100 d d (:t> Pf(7%)(non-v) 100 — d New t t) C . McGraw-Hill Pub.t 1 Nat Licorice 1034 134 d McOall Corp (t) d McOrory Sts (vot).t Non vot Cum pref 7%-100 Koppers Gas A Coke Preferred 100 Kresge Dept Stores id Preferred -.100 Kresge (S 8) Oo— Com (vot)...__10 d Preferred 100 Kress (8 H) Ac Co (t) d 6% pref 10 d Kroger Grocery Ac Baking common t d Krueger & Toll Amer w Horn AcHard't (Phil) t 100 d Knox Hat com__(t) d Kobacker Stscom(t) d .100 Maytag Co 1st $6 pref *3 con cm pf. 13 12 100 Preferred. ..... Without Klmberly-OlarkOorp Common id King Royalty Preferred 100 Klnner Airplane Ac M d Kinney (G R) Inc.-t d 1st preferred 2d preferred 3 24 National Leather.10 91 May (The) Dept Stores Co com..26 d 1 34 I 234 21 ielaeyHayes Wh'l(t) d ielvlnator Oorp.(T) d Cendall Oo$6 pfd(t) d Kent Garage— Investing pref— d Preferred 12 8 334 234 '934 Alkali.60 d Mathl'son 1034 934 8% M pref—10U Certificates 48 Hershey Chocolate t d Convertible pref t d Prior preferred 100 30 Per share. 4 d Ask. Bid. Par. 234 Oor.t Massey-Harrls—. (t) Maxweld Corp.. t) 54 16 Certificates Stooks. share. 334 MarshallFleldAC Oo.t Martin-Parry £elly-8prlngfTlre(t) d 6% cum pref..100 m 1634 534 d Ask. Bid. Par Per Kellogg Switch Ac 810 Preferred 100 Oo Preferred 100 Herculea Motors. 1+) Hercules Powd (t) Stocks Share. Per Helme (G W) Common 89 MISCELLANEOUS STOCKS & INDUSTRIAL New stock, u Ex-cash Montreal and Toronto 90 INDUSTRIAL Stocks. Bid. Ask. Per Penlck A Ford__ (J Common 17 O) d 13X 6% eumcl ApflOO t d Series A pref-_100 Penn Glass Sand pL Penn Salt Mfg...60 d Penn Traffic 2X d Penn-Mex Fuel Pennroad Corp Common 3X to 5X lto 13 X d 15 74X —_ d Preferred. '■y 4 / 4X IX _(t) cum pref.10 Pet Mllk_. 8X 10 10C Rogers Peetcom.lOO Rolls-Royce Am Preferred Roosevelt Field ...t Roxy Theatre units. d 6 E£nJp,;Podge Phlla Ruberoid Co 4 4to 26 Dairy pref with warrants d 2H Phillip-Jones Oorp.t d Preferred 2 3 10 + d 8 14 3% Phoenix Hosiery.. .6 Preferred i0c 3X 4X IX 3 Stand Oil (Neb)..2/ d Stand Oil of N J..2I Stand Oil d 25" 31 Plerce-Arrow Mot Car t ioo IX 26 d . 3 common d 6X Preferred 60 (Pa)..100 Preferred 100 24M :4H 7 20 6to 23 7%convpf ioo Pitts ton Co 13 H 2 13X 2X 7 10 ■ IX 17 X ux (t) d Vi 3 100 35 Poor A Co class B. (t) d Port Alfred PAP 'IX a to 4M 3M 5X m z 25 2 70 X IX 31 .--60 Publication Corp (f) ion p2JJ?,ap5*oe* A-i ri Ux Aiegrp 8uk.«0 3X 2^pre£erred_.ioi) 45 X 55 10C Bakeries., (t) W cum pref 5 "~2X IX jvf (vot)10 voting). ioo 2X . , d 9X 4% ?£? Button-Hole Machine __ geece Fold M::;: in d Mach 3X 12 10 d "SS.1!11 inc d (°hlo) 100 75 X 2 X 2X d d d 3 20 IX 2 "■ 12X lto **©public Gas Republic "x 2 inn 3X IX 2X oSa>p*b'--| 10 6 geynoids Spring Reynolds Tob._ B common. 3X i Jo "in d 65 to d 20X 2X 5X 3 4 28^ 6X 4 to 70 27 d:\xis? v:h Preferred 100 r. Shubert Theatre, (t) " t c Silver (Isaac) A cum cv 25 glchman Bros~"l"7~t) Richmond liad.. (t d d d to i-— — d Typowrr Smith (A O) com. 3 3 to <-74:f> 3X Southern Ice UtllA(t) d Class B it) Southern Pipe L. 10 d Southern States Oil. South Penn Oil.-.25 d So Porto RlcoSug (t) d .100 50 d d Dreferred__100 Spang Ohalf't A Co t d 6% cum pref. .100 Spear A Co.— Trust old stk.. 100 275 Texas Gulf Sulph 13X (T> d A 300 13X CL _. d _(ti ~2H ~lx 23 X 25 "l" ♦ d ""to 12X t d Preferred 100' Tide Water OJ1 t d Pref (non-vot) 100 9 "ix "to 15 9% 3X 2X 2X 27 X 28 5X 9 33 17 X 2to 37 2X 10X 2X ux d 15X 19 X Tobacco Prod Class A__ (t) d X 10 (t) d Dividend ctfs C. /I Expts t U ♦ d Shipyards. Torrlngton Oo...(t) Trans Air Transp. f X to X 2X 5X . 2X "2X "2 to 2X 4X Steel 12X 5X 86X 28 X 4X 40 2 .... X 15 8 20X X to 5 Tx "3" ~3X 38 d to X (t) d ..100 9X 9X Un BAP Oorp (tj d Union Carb A Carh t d IX 6to 15 X ~2X Van Camp Milk Co 7% 7 "fx 7 "8 X 90 33 Un St Yds 8o OmlOO 78 83 Union Tank Car. (t) d 12 to 12X 1-16 X 6X 45 11 32 IX IX 18 Calif.25 d Associates.25 d Union Tob com__(t) d /f Class A u Trans." } Pref with warr.50 d Unit Amer Bosch, ft) d United Biscuit— of Am com ft) d 7% conv pref. 100 United Business Publishers Preferred 5X pref-.lOO X X 2* 19X 3-16 to Common t 7% prior pref. 100 j 0% part pref. .100 Va Iron O A O—100 26 Preferred io" 16 d 100 d Preferred com to "6X ~6X 34 X 36 8 3X (t)| "8" 12 60 13X 90 IO"" to IX 8X 8 1 9 d Walker Dishwasher 50 " 80" . Corp. 1 Waltham Watch B (f) Id Prior pref 100 Preferred 1(X Walworth C«_—(t) Ward Baking Oorp— \d 3X 5 .... "lto 3 1 1 X Preferred 100 Warner Aircraft- (t) Warner Bros Plct— "x 13 1 14 1 t\d to Preferred—-—tl" Warner-Quinlan 10 , Co Warren Bros (t)\d tl" 1st pref new., .ft) Conv pref (t) Warren Fdy A PIpet Washburn Wlre.-(t) Washington OIL-10 Webster E!senlohr25 $7 preferred ..100 WelchGrape Juice(t) Preferred. 100 ells Fargo Expr__l Wesson Oil A drift v t c X IX "fx Y* 1 2 "l" 8X 13 "to 20X 35 38" 87 92 ■X snow¬ (t) 14 conv pref t Western Air Express 4$H 1°/' .... West Auto Supply— + d 1 100 United Carbon vtc t d 8X 10 64 7 8X pf .100 cum 55 9to 62 100 Wagner Elec 34X 5X 4X Preferred 100 Vulcan DetinnlnglOOi Cigar Unit Aire A cum 1 10 t , 16 Union Un Oil Oorp Common 84 X 12X 5X Union Oil of 13 Van Camp Pkg—(t) Preferred 25 Van Raalte Co fd 1st preferred.. 100,d Venezuelan Petrol..'> Va-Oaro Ohem— Underwood Elliott. Preferred.. a* .. Com Class B 32 7% pref, Unexcelled Mfg "OX 25c. 19 X 10 d Ulen A Co common Fisher 100 d 8ugar_6 Com Class A Tubize Chat 5 62 27 7% preferred.-100 Valley Mould A Iron common (t) Preferred 100 Furnace pref. .100 60 10to 115 12 Vadsco Sales Oorp Common (t) 0H% 7c. 37X 4M IX Preferred Utah-Idaho 2 t d 50 2 56 t Co Warrants Trumbull-Ollffs Triiscon 25X 68 X Preferred 1O0 Unlv Leaf Tob__ (t) Preferred 100 Unlvers Pic 1st pflOO Unlv Pipe A Rad.-t 30 IX Truax-Traer Ooal(+^ 5X 2 10X 33X Preferred 100 U 8 Stores com A (t) 1st pref 100 28 d ("f^ 2X A-:.:' Preferred.. 50 U 8 Stamping 100 U 8 Steel Corp^.100 14~" Walgreen U Forging Trent Process Trlco Products, ~2H Preferred 100 U8 8m Ref AMln_50 15" Transue A Williams Steel .— X (t) 60 Realty A Imp., Class B (rL Waldorf System—t d d Transamerlca Corp 14 d 10 WalttABondlncA (t) « Tob Prod Todd 7X 12 (t) Common to 18 x 4 2 3X 20 Playing Card. 10 Vanadium d ThatcherMfg(vot)(t Thayer-Foss pref 100 Thermold Co... (t> d 7 % cum pref.. 100 Stock t Pref...——100 10 2 10 d IX t Spencer Kellogg, (t) VA 10 TImken Roll Bear, t d Tobacco A Allied Sparks-Wlth'gt'n Co IX 1 Sto 9X 36X t d 6 X 58 pf.lOO A cl A (t) U 8 Tobacco . 7X Land Vot trust ctfs .. 1 . 80 76 li Southeast Exp.. 100 Southern Air Transp d South Dairies A t d X to 8 fex Par Coal AOll. ] o d Tlmken-Det Axle. 20 6% preferred-_(t) d Socony Vacuum Corp w 1 d Solid Carbonic. Solvay Amer Inv— 2 39 3X 26 d 4X d 15 (t) d d d Tide W Assn Oil., 5 (t) d d Textile Banking. conv t US Rubber (t) 1st preferred—100 U 8 Shoe com t AX Tennessee Prod pref. Texas OorporatIon25 d Pacific U 8 8 7to 13X "4" S3H pref (t) d Thompson (J R). 26 d Thompson Prod A. + d » Corp(t) Class B Iron A Steel com.1 d Texas cum pr Common 1st pref . 2 2 15 2 '. IX Pipe A Foundry Preferred 4X Telaut'g'ph Corp.. i . 30 95"" 100 Preferred 100 Technicolor Inc_.(f) . IX X X X Taggart Corp com.t d Taylor-Ooloultt Co '■ d Tbompson-Starret Bros, Sinclair Cons Oil__t Preferred..... 100 Singer Mfg 100. Singer Mfg Ltd £1 d SkellyOU _...26ld 6% cum pref-.lOO Sky Specialties Common d "X pf.lOOl Preferred 8'west Pa P L x 8 X (t) IX 7X 13 1 d Conv pref. 95 1 Simmons Co t « Slmms Petrol Co. 10 « Simon (Franklin) A Co pref 100 1st ~~ 5X Corp— Spaldlng(AG)ABr(t) Pref I8y 5 " , Pref with warr.100 Steel".":: (t) Preferred IX 1-16 /+\ y 15X 2X 19X Snider Pack 30 ~2X 18" Smyth Mfg Co ~6* 3 50 (t).^ Sloss-Sheff S A 1.100 Preferred. ...100 Smith(LC)& Corona 103 65 IX n" Transp A Tr £5 2to 1 6X% conv pf-100 1SX Sherw-WUlIamt ..21 d 6% ore!AA IOC Sher-Wms Can., (t) dr 7X 7% Hosiery 60 Shell Union Oil v lto Internat'l-_16 d Preferred 7% 4 92 IX Part . 10 25 A.. mm 2X Taylor Milling Taylor-Wharton com.. common... (+) JI 10 Shell Gel m m, 13 13 X U 8 8U X . 3 + 20 100 ' Sweets Co of Am.60 Swift A Co 25 d Swift 100 8 Leather vtc.(t) 9to 8 Symington Co.... .1 d X 5 101 Common 74 X Class Sharp A Dobme t ® 13.50conv pref_.Ti» Shattuck (Frank G)1 Sheffield Stee!...(t; Silica 71 l' 5 .25 Preferred 26 X com 14X 14 vtc-_(t) Preferred v t c-100 Sharon Steel Hp. 25to Oil 3 X Express 100 Finishing ...(f) U 8 Hoff Machin'yt 8 Ind Alcohol, (t) 50 Wyi Syracuse Wash Mach Common B 1 d Preferred 10C Sellers (G I) A Sons Shaffer Stores 8 Preferred 17 1 Co pref "f" IX 50 d 1 90 X ^ferred- Pyrene Mfg Quaker 20 ~7X (t) 3X 26 X 150 8% Preferred.. 100 5% pref 100 Prod A Ref Corp.50 8% preferred. 19 X 15 d com d 62" inn Preferred 3~ 2 _—100 _ Envelope... 100 U 8 Freight "2% d Superior OIL... Super PortlCemA(t) d Common B (fl d Superior Steel. ._10< Swallow Airplane... d |9wan A Finch Oil.?f d IX 9X Serve! Co 6 12 H X 2X 1(JC> First pref... 2 10 100 r.i-f'isi. ioo r '' .... Gamble, 60 1 ~5X 8 2 t U 8 Glass U 8 Gypsum . .10C Preferred Selberling Rubb to 25 Pratt & Lambert.. t d Pressed Steel Oar (t) Preferred.. . 15 8 Co common. S 30 9X t IX (t) Preferred 2 d Sun ~2X [Segal Lock & Hard¬ IX Prairie Pipe L Proc 39 Preferred U 8 U _. . 8 17 Preferred.. 1 Of Stuts Motor Car._i d Corp 100 B— 1st pref 8 DIstrib 20 X X "5X X Dairy Prod A (t) Common (t d 6 °7f cum pref. .100 Superheater Co t d 86 United._(t] ware (j) PrhSf»rred 50 82 45 .. US 1 11 Sugar Estates Orlente pref. 10C Sullivan Mach'y_( t) 3H 3 40 Scotten-Dillon Co 10 Scott Paper _t Scovill Mfg ? Scullin Steel 'f Seaboard Oil (f) Seagrave Corp Preferred X 2X d 23 U 8 Bobb & Shut.100 4 2 Studebaker Sears, Roebuck A 7% pref 100 Porto Rlc A Tob—Class A (+) Class B Prairie Oil A Gas .26 Price Bros 3x8 ih 101 Preferred 9 IX 11 14 2/ ... 7 % preferred. .100 Schulte Retail St__t IX 7 Cord. 100 Poole Eng A Mach A Class B 25 5 Schulte to d Speed. 10 d Webster (t) d Strawbrldge A Cloth 6% preferred 100 7 % preferred Stromberg-Carls T el d IX it) com d Stlnnes(Hugo)Oorpt Co—See Re¬ public Gas above. Schiff Co 9 Stlx Baer A Fuller (t) d 20 11 .... 3X X X Stone A 1 100 Preferred Plimpton Mfg ColOO Plymouth Salt Creek Prod. Preferred [Stew-Warn 9 Savage Arms (f) Savan'h Sug com. t 4 . ^ Steel Co of Can., (t) dr 10 Preferred 25 dr 20X d Stetson (J B) 6 (t 85" 40 m . ^ ^ d Corp—(t) Preferred 25 . Preferred 10C Salt Creek Con OlllC m* Starrett Saxet (+) d Preferred ioo Plttsb Term OoallOO Preferred 100 Pitts United Corp 25 d Preferred B—10t (t) com Preferred 26 United 8tores com.t Class A——.(+)' $6 preferred (t) 6 Stanley Co of Am (t) d Stanley Works .2/ d Starrett(L S) Oo.( + ^ d 37 70 inr Preferred ^ ' com 8 3 Plttsb Oil A Gas.. .6 d Plttab PI Glass 25 d Pitts Screw A Bolt It) PlttBb Steel pref. 100 Pittsburgh Steel Fdy r 100 ~1~~ 65 72 Sugar 100 Preferred A—10C ■X 4X 65 Preferred (t) Untd Profit Shar.(t) Preferred.. 10 Untd Publish pf 100 Untd 8h Mach Oo26 d 1 37 10C _ 75 84 28 Stan Text Prod.. 10C 9 r 20X 12 1 Unit Paper BoardlOC Unit Piece Dye com t Preferred 100 United Pert# Rlcan 22 X 24 82 X 22 Prod2* T 100 Preferred United Fruit 10( Preferred. 1 St Maurice Val Corp Preferred 100 St Regis Pap, com.i 10 22 4 Pitts Coal „ St Lawrence Flour Mills com 10' Preferred d]:::8:' Pirelli Co of Italy Amshs 600 lire—- d PlttBb Brewing.__60 d dr 10f St L Rocky Mt A Pacific Co 101 X (+) if" Stand Tank Car.. 16 Un Eng A Fdy 16X 7X 19 X 10X 72 Preferred A—10C 20 14" 50 St L Cot Oomp. St L Nat Stk Y. v t Plgg Wlgg Corp__.t Preferred 100 Pillsbury Flour Mills JX 17 13 StLCarCp7%pfl00 20 nX 100 Preferred Pierce Petrol 4 18 (Ohio). 26 5% preferred.. 100 Stand Oil Expt pflOO Standard Screw. 10( 'l4X 14X 4X 60X Store»__(t) 63 6% pref 100 7% pref 70X in< St Joseph Stk Yd 100 32 St Lawrence Corp (t) dr Preferred Corp Preferred Pierce Oil Corp 3 16 to >7 10 share. X United Dyewood.100 Preferred 100 United El Coal v t c t if" . 22 X ., d A 9 10X d X X 101 Pref class l6X 2f Stand Oil (Ky)...10 d 1 6% pref 100 DIv ctf—See Tob '• 1 ., Per United Cigar Stores of America (t) d 115X (Kan). . 100 X 8 to Stand Oil (Ind). d Safeway . d Stand Oil Preferred.... .... Phlla Insul Wire t d nhii A Read OAl.t d Phillips Petrol.. 2 ... X 5to 3 ■ Bid. Par 1 _ Oil (Oal)_. (t) d .2f d Stand Stocks. 12 :'^immm Rumidor Corp com 1 Safety Car H A L10C IX d 5 t Rubel Ice & Coal 9X 4 Preferred 10C Royal Dutch Co N V d 2 3X 5 d $7 pref ser A 1 d 112 Stand Com Tob— 1 55 1 3 d Brands (t) d Standard 2X Ask. Per share. mm mm ^ d Common Preferred A Royal Bak Pow Pet Corp of Am Petroleum Convers'n d Petrol Derivatives. d _ Spiegel- M ay-Stern Splitdorf-Beth El IX 3X 101 Bid. Splcer Mfg Co—(t) $3 cum conv pref t 50 Rocky Mt Fuel.. STOCKS Par 12 .100 Preferred Stocks ■ .... t d Drug Stores OH % n 3X .2 d (f) 67 X X Pa-Dixie Cement First preferredlOO Rock wood Co 13 X 55 Penn Coal A Coke 6u d Peoples Riverside Silk Mills. Robinson (Dwight P) Co Ask. Per share. 8 9X Par 17 X MISCELLANEOUS Bid. Stocks. share. III5o Preferred „ Penney t d & Common A (t) 18 ~6to Purchaser also pays accrued div. d Price per share, not per cent. k Last sale. n Nominal, Ex-cash and stock dividend. v Ex-stock dividend. w Ex-100% stock dividend. x Ex-divldend. Montreal and Toronto stock and curb exchanges t No par value. 7X a u r Canadian price. V Ex-rights. z -J.^ale' Price; Minimum price established ' on Per Par 3% West Dairy Pred At Glass B v t c—(t) Par share 6 9% 1st 18% 56 X 53 M preferred...50 84 38 Whitman Whlttelsey Mrg 153* 14 t A__ 9 W Va Pulp A Pap„ Preferred 10i , A 72 Gas WIlcox-Rlch 75 3 Oil _(t) Oorp— (t) 4 Glass A 1 ' Preferred 89" 12H 5 6 lOO 10 16 Preferred B.. 100 9 15 100 Common 7% 100 1H H) 70 80 lOO Spring (t) K Youngstown Sheet & Tube (unstpd.). d Preferred 100 Zenith Radio (t) d 7 3K 26K Wright Aeronaut'l-t Wrlgley (Wm) Jr..t Wurlltser (Rudolph) 15 19 H B———(+1 Wuly»-OverIand- .25 Preferred Young (L A) A Wire 76 3 5% 5 d Zonlte Products 26K 7% 16 Drug units Young (J 8) Co_-100 28% 28% share 7" d Truck Young (Edwin 6 4 Preferred A 8% 3% Glass Preferred —- 35" ..100 Mach A 30 — (NY) A Coach Mfg cIB_ 10 d Preferred... 100 Pump Worthlngton % 20" 25 d Yellow 100 Woolw'th (F W). 10 Worcester Salt- 100 42 iF 10 r 100 Preferred Yale A Towne Yellow Taxi r Iron. 100 Woodward 85 F) (H Wilcox .11 Westvaco Chlorine Products - Wilcox A Gibbs_.60 5 3K Weston El Instru—t Glass 100 Wmpf-100 Second pref-- (t) Westmoreland Coalt Westmoreland, Inc.f Oil 1% Per Par % % ' 100 Woods Mfg UVs 13 t t . 100 Wolverine Portl O 10 d % White Rk Mln 8pg«t First pref 100 A Preferred "H % (t) Preferred 9% 18% Class 7% 7 pflOO White Sew Mach (t) (f) Westing Air Br'ke(f) West'hse El & Mf_50 Westland 60 d White Motor.. White Mot 8ec 50 pref Preferred 100 Preferred-- 1% Wilton & Co 20 Bid. Stocks. Ask. share Per Par share 6 Wheel Steel Oorp 100 W't'n Md Dy Co (t) Prior Per Bid. StockB. Ask. Bid. Stocks. Ask. Bid. Stocks. 91 STOCKS & MISCELLANEOUS INDUSTRIAL 55 .... preferred .100 4 d Price per share, not tNo par value, Bid. Bonda. per cent, r Canadian Bonds. Ask. Bid. 33 40 40 40 40 opt Agricultural—5b *63 op '33-MAN 5a Nov 1952 opt 1932— MAN 50 55 First New Orl 5s '44 50 55 First Texas—5s '42 opt 1932-M&N Atlanta—5s 1952 opt 1932—JAD 44 48 Arkansas 5s 1952 opt 44 5s 1957 opt 1937— 6s 1953 opt 1933 MAS Bankers—5s '53 opt '28 JAJ 5a May 1952 opt 1932—MAN 1933—MAN 5a Nor 1963 opt 4Kb 1955 opt 1935 JAJ Burlington 4He 1957 opt'37 4Ha Feb 1967 opt '37 FAA 6a Feb 1953 opt 1933—FAA 32 28 32 32 36 32 36 32 MAS -JAJ JAD MAS 1952 opt 1932 5s 1954 opt 1934 5s 1955 opt 1935 5s 32 28 5a 1956 opt 1930 Atlantic—5s 1953 optl933-MAS 48 28 J&J MAN MAS 5s 1957 opt 1937— 5s 1955 opt 1935 36 36 32 32 32 nf nf nf nf 1943 opt 6s 1905 opt 5a 8 8 8 8 4Mb Feb 1958 opt 5 Ma Nov 1951 opt 1931—MAN Fremont—6s 1953 opt 33-JAD 35 50 JAJ 5Kb Nov 1951 opt 1931-MAN Central 111—6s '53 opt '33--J AD 6a July 1 1953 opt 1933—JAJ 45 50 47 52 ! 16 20 16 opt 1932 MAN 4Mb 1905 opt 1935 J&D 4Mb 1960 opt 1930—-----AAO Greensboro(NO)5s'53 op 33 AAO 5s Dec 1955 opt 1935 JAD 6s 1952 35 45 20 40 5a July 1956 opt 1930 Oentral Iowa—5s *o3 opt '33-AAO 5a May 1 1942 opt 1927-MAN 4Kb Nov 1 '52 opt '32—MAN Chicago Joint 5 Kb Til opt'31MAN 5 B 1951 opt 1931 MAN 5 a 1952 opt 1932 MAN 5a 1963 opt 1933 MAN 4 Ma 1952 opt 1932 MAN 4Mb 1903 opt 1933 MAN 4Mb 1952 opt 1932 MAN 4Ms 1904 opt 1934 MAN 4 Ms 1905 opt 1935 AAO Dallas—5s 1953 opt 1933 MAS 5a 1954 opt 1934. 5a 1963 opt 1933 AAO 5a 1905 opt 1935 —JAJ 5a 1966 opt 1930 JAJ 5a 1960 opt 1930AAO 5Ks 1951 opt 1931 MAN Dayton-Agric 5s *54 opt '34—JAJ Denver—5s 1954 opt 1934--JAD 5a 1955 opt 1935 FAA 5a 1950 opt 1930 FAA 5Ms Nov 1951 opt 1931-MAN Dea Moines—5s '62 opt '32-MAN 6s May 1953 opt 1933—MAN 35 35 33 Greenbrier 5s 1904 opt 5s 1965 opt 1935 6s 22 25 25 22 25 22 25 22 25 22 25 22 opt 1934 JAJ 5s Jan 1957 opt 1937 JAJ Lafayette—5s 1953 opt '33-MAN 4Mb Nov 1957 opt 1937—MAN Lincoln—5s 1951 opt 1931-MAN 43 47 48 52 52 5s 1943 52 32 Minneapolis Trust— 5s Nov 1952 opt 1932 49 N 49 N Y A N J 5s 1953 opt 50 MAN 48 1937-MAN 45 45 37 33 33 37 33 37 MAN Y A Pa—5s '53 opt 1950 opt 1930 No Oaro—5s *53 opt JAD '33—MAS 5s 1952 opt 193 I 5s 1955 opt 193 j 5s 1956 opt 19305s Apr 1957 opt 1937 13 13 13 ■. *33—JAJ *33-JAD MAN JAD 5s 13 37 JAJ 5s 1954 opt 1934 5s 1955 opt 1935 13 33 JAJ 1933 5s 1955 opt 1935 5s 1950 opt 1930 5s 1953 opt 49 10 10 10 10 10 MAN Mississippi 5s *55 opt '35—FAA 5M.8 Nov 1951 opt '31—MAN New York 5s '52 opt '32——JAJ 54 52 49 1937-MAN JAD AAO MAN —FAA MAS AAO Ohio-Penna 5s 1954 opt 3934 JAJ 5s Jan 1958 opt 1938 ..JAJ Oregon-Wash 5a '52 opt' 12-MAN 5a Oct 1953 opt 1933 AAO St Louis—5s 39 44 39 35 30 44 39 34 60 70 50 70 50 60 80 64 50 60 44 48 46 50 39 43 39 39 43 39 39 43 43 54 54 54 54 58 48 48 48 48 16 16 16 16 MAS 4Mb 1956 opt 1936 64 54 J&D 6s Mar 1954 opt 1934 5s 1955 opt 1935 64 47 MAN opt 1928 52 55 47 1953 opt *33— JAD 44 57 5s 1950 opt 1930— 5s Apr 1957 opt 1937 opt 1937 5s Jan 1958 opt 1938 39 50 47 FAA -JAJ 5s 1957 48 55 47 1934—J&D J&D 5s 1952 opt 1932 48 53 36 Potomac 5s 1954 opt 5s 1956 opt 1930 44 48 47 J&D optional 1941-1 5s 1961 44 opt 1933 MAN Maryland-Va 5s*55 opt '35-MAN 49 50 47 '33---JAJ 1934—MAS Pennsylvania 5s *53 opt '33-MAN 5s Feb 1955 opt 1935 FAA 5s 1960 opt 1930 AAO 5s 1907 opt 1937 MAS Phoenix 4Mb '61 opt '41 J&D 39 49 32 5s July 1950 39 Louisville—5s 1952 opt 46 47 1937—MAS op '33 JAJ opt 1930—JAJ 44 49 5s Nov 1953 44 O—5s^53 44 57 45 44 44 1957 opt 40 44 45 5s Sept Salt Lake 40 44 45 80 47 53 55 22 MAN / 5 Ms 1951 opt 1931 MAN / First of Montgomery 5s *54 opt '34 5s 1900 opt 1930 AAO 58 Apr 1907 opt 1937--—AAO 5s Dec 1967 opt 1937 JAD 43 40 43 50 17 45 MAN / 76 40 40 39 22 6s 1952 opt 1932 5s 1953 opt 1933 78 JAJ JAJ 1932M&N 38 17 5s 1952 opt 1927 74 73 48 JAJ opt'31 MAN / MAN / 70 44 FAA JAD Firatof Obey—5s 52 opt '32 MAN FIrst|ofOlev—5s'53 opt '33-MAN 4Mb Nov 1957 opt 74 44 opt 1927 4Mb 1965 opt 1935— 4Mb 1960 opt 1930 4Mb 1907 opt 1937 22 First of Minn—5s *51 70 40 5a 1942 17 olopt 6J 74 MAN JAJ 5s 1943 opt 1928 40 22 5a Nov 1953 opt 4 Ms May 1957 opt 70 MAN 40 17 l 68 72 48 52opt'32MAN AAO 1954 opt 1934 5a 1955 opt 1935 5a Feb 1950 opt 1930 5s June 1956 opt 1930 5s 72 48 22 First Garollnas—5s 68 44 17 5Ms Nov 1951 1933 5s Mar 1954 opt 51 48 38 44 JAJ MAN MAN JAJ '33 JAJ 1937—MAS 5s 1954 opt 1934 5s 1955 opt 1935 5s 1956 opt 1930— Los Angeles—5s '53 opt 63 44 40 , Portland, Ore—5s'53op'33 58 61 50 40 Bid. Pacific Coast Jt Stk Land Bk— 5s Mar 1957 opt San Fran—5s *53 opt 47 40 38 38 38 32 33 opt 47 44 25 38 45 47 55 MAN opt 1931-MAN 1903 '33-AAO -JAD MAN 5s 1954 36 36 38 5a — — 4Mb Mar 1958 opt 1938—MAS 4Ma 1956 opt 1930 MAN Iowa 4Mb 1955 opt 1935 AAO 4Mb 1956 opt 1930 FAA 5s Nov 1951 opt 1931 MAN Kentucky—5s *52 opt '32—MAN 25 22 -JAJ MAS opt 1937 5s 1954 opt 1934— 5s 1955 opt 1935 38 25 22 1957 1934-AAO 5s 1968 opt 1938. — Ill-Midwest—5s '53 op 40 22 1938—FAA 4Mb 1955 opt 1935——-MAN 4Ms Nov 1957 opt 1937-MAN 5s Nov 1953 opt 1933 MAN 10 10 30 . Sept 1954 opt 1934 MAS 5s FeD 1957 opt 1937 -FAA Fletcher 4Ma 1954 opt 1934 MAN 10 30 _ 5s 10 5a Dec 1953 opt 1933 JAD California—6s 1951 opt 1931-M AN AAO 4Mb Dec 1955 opt 1935—AAO 4Mb July 1954 opt 1934—JAJ First Trust of Dallas— 36 36 26 MAN MAS 5s i«00 opt 1930 First Trust of Chicago— 32 30 28 34M&N 32-MAN 1933 1935 37 47 47 and Stocks. Bonds Ask. 16 MAS -JAJ San Antonio— „ 12 „ 44 MAN 5s May 1953 opt *33 1933 1934 5s 1950 opt 1930 5s 1957 opt 1937 44 MAN MAN JAJ -J&J 5s 1953 opt 6s 1954 opt 44 44 44 5b Mar 1958 opt *38 MAS Shenandoah Val 5s 45 op '35 JAD So Minn 5 Kb *51 opt '31—MAN / MAN MAN 5s May 1953 opt 1933 6s 1952 opt 1932 6s 1964 opt 1934 Southwest {Little Rock, 5s May 1950 opt 6s May 1957 opt MAN / / / Ark.)— 1930 ---M&N 1937—MAN Tennessee— 5s Aug 1955 opt 1935--—-FAA '34—MAN Union (Det) 5s '54 opt 5s May 1955 opt 1935—MAN 1936 1937 4Kb 1955 opt 1935 4Kb 1956 opt 1930 4Kb 1957 opt 1937 Union Louisville, Ky— 5s 1950 opt 5s 1957 opt J&J J&J J&J J&J J&J opt 1932 MAN 5s Nov 1954 opt 1934—MAN 5s 1957 opt 1937 -----FAA VIrglnia-Caro 5s '53 opt 33-MAN 58 Aug 1954 opt 1934.— 5s 1952 5s May 1957 opt 5s 1956 opt 1937—M&N 1936—--—J&A 39 43 43 39 43 39 43 39 28 31 31 28 31 Atlantic 28 31 Chicago 28 40 31 45 Dallas 40 45 Des Moines 30 35 First Garollnas 30 35 Freemont 50 10 10 10 10 38 38 44 44 44 44 44 40 40 40 54 54 54 30 30 30 30 43 28 44 Virginia—5s '53 opt 33—MAN 5s Nov 1 1951 opt 1931-MAN 5s 1955 opt 1935 J&J 50 50 50 Par STOCKS Atlanta 100 100 — — _. ——- -—- -—- - 100 100 Denver Kansas X - — -----------100 100 — City........———100 KentuckyLincoln. — ——--—--100 North Carolina Oregon- Washington--.. Potomac.— St Louis San Antonio. South Minnesota Virginia 100 -100 6 V 20c. I United States and In reporting below price* for State and municipal securities, we Municipal Bonds give bid asked and quotations wherever they can be obtained The custom to quote municipal securities on the basis of the return they yield per annum. Therefore in most cases it will be found that Instead of actual have inserted in the column headed "To Net" certain figures to indicate the Interest rate at which business in the bonds is being done. however, is prices we Thus 4.35% that the particular security can means be bought or sold at a price that will yield the purchaser or seller 4.35% per annum to the maturity "4.25% to 4.35%the rate of return varies according to the maturity—the shorter maturities yield¬ ing the lowest rate, and the longer maturities yielding the highest return. In State and municipal bonds the custom has always been to quote them "and Interest." That of the Issue. Where two figures appear, as for Instance Note.—Owing to the present demoralized condition of Impossible to make quotations for municipal bonds. the is, the accrued interest must In all municipal bond markets, brokers Bid prices, terms are simply a matter of bargaining between buyer and seller. any Yield Basis Bid. Trees 3 Ma Mar 15 *41-43 M&8 Treas 33is 1946-1949 J&D - 103 10 J 100 932 1002*32 1002732 100l732 1011932 102 102232 102 832 1002632 1012832 kbftscumeucalitleg of U 8 Govt Federal Land Bank—Farm 4s Nov 1 '57 op '37 M&N 77 77 77 77 88M 99H 83 (s 1953 is 1955 is 1956 [s 1953 [s 1954 opt 1933 opt opt opt opt tbrritOBIK8 & u. 8. 82 82 , 8234 8334 8334 83 83 Hawaii,Terr,434s '49-M&S 15 6 5.00 6 5.00 434s Jan 1945 4Ms Nov 16 *32-'65-M&Nl5 4KB Nov 15 1936-58—M&N 4s May 15 '46 opt '36-M&N 4s Aug 1947 opt 1937—F&A Philip Isls 4mb 1952 J&J 4Mb 1950 M&N «■ g L Pur *34 opt *14-Q-F 4§ P Wks & Imp 1935—Q-M 4s Impt 1936 opt 1916-F&A Porto Rico 4Mb 1933-34—J&J 4MB 1937-1940 J&J 4Hs Fund 1932 & '33--J&J 4Mb Funding 1934-'40_J&J 4s Jan 1 1944-1950 J&J 6 5.00 6 5.00 5.25 to 4.76 to 4.75 87 87 85 4.75 98 92 98 to 5 -60 to to 5.25 to 5.60 6 5.80 to 5.60 5.60 to 5.25 to to 5 50 % to 5.50 % to 5.50| % to 5.50 % 95 to A&O b 7.25 A&O 6 7.25 434s Pub Imp 1932-37-A&O 6 7.25 434s 1933-1936 A&O 6 <.25 434s 1937-1960 A&O 6 7.25 434s Pub Imp 1932-1937— 6 7.25 6s Sewers Sept 20 '41—M&S 6 7.25 Gadsden 6% Impt 1933-38—_ 73 5s Schools 1932-40 /73 Huntsvllle 5s Funding 1942.. 6s Pub Imp 1936-1938—. Jefferson County— to 434s Refunding 1937—A&O Water & Sew '39.J&J Mobile Oo— 434s 1932-1948 6 5s School 1936-19456 4hb R & B 1932-38-J&D 6 434s 1939-1958 —J&D 6 Montgomery Pub Imp 6s 1934 5s Pub Imp 1932-1938 414 Sanitary sawwr 1q32-44i b Basis, / Flat price, J 1 1 to to to to to 1 1937-1940 m'm m m m'm-Jm m m m mmmmmm mmm mmmm m m 4.50 m mm mmmmmm "mm m mm m - « 'm » mm - " m mm 50 35 45 100 101 55 '^*mm • * to 4.70 m m m m % 27 to 5% 5% 5 00 —————— m m m m — 'm mm - mm 30 to 5.00 Urn 4 90 - . - - m 4.90 mmmm** 5.00 mmmmm'm- 5.00 -m — 5 00 — mm -■m —F&A i.- m 5.00 m -mm ivV* m - mmmmm - —- 5.10 5.10 w to — m. m 5-25 m mm m'm-m % 5.00 m m —mmmmm m.m m M mm mmm m Badlands 5a 1932-51—J&J15 b 4.50 Riverside 5s 1932-*53 J&D b 4.50 Riverside Oo 5s *32 *54.-M&N b 4.50 Sacramento 4s Jan '33 -*45 opt 434s Sew & Dr 1932-34-J&J -I--— Sacram'to Oo 4Hb *32-*46 J&D San Diego 5s WW *32 '54 a&O b 4.50 70 70 70 70 ------ 8.00 to 6.25 8.00 to 6.25 % % 8.00 to 6.25 % 8.00 72 to 6.25 % 5s Water 1932-63 J&J b 4.50 5s Municipal 1932-1960 J&J 6 4.50 5s School 1932 1966 b 4.50 434s Wh & Har *33-*52.J&J 6 4.50 434s Water 1932-1964 b 4.50 334s g July 1 1932-44—J&J 6 4.50 80 Nam nal. s sale price u rot x2u. mmm -mm m m m — mm m mm mm 4.80 4.90 5 00 5.00 475 __ _ — to 4.60 to 4.60 to 4.60 to 4.60 % to 4.60 % to to 4.60 to 4.50 % to 4.50 % to 4.50 % to 4.45 4.75 4.60 4.50 to 4.75 to 4.80 % to 4.80 % to 4,75 % a an 4.45 4.50 to 5.00 % Ui -i m m m * 4.75 5% 4Mb 1932-1951 4 Ms 1932-1949. Meriden (City) to 5.00 to 5.00 % to 5.00 % to 5.00 to 5.00 to 4.90 to 4.50 to 4.75 4.75 470 to to 4.60 4.40 to 4 .50 to 4.75 to 4.75 to 4.75 to 4.75 to 4.75 to 4.75 to 475 to 4.75 to 4.75 to 4.75 M&N 6 5% _M&N 6 5% 5% to 4.75 to 4.75 6 5% 6 4.75 •4Mb 1943-1952 •434s Paving Aug '37— -F&A •434 s Mch 15 *33-*35-M&815 •5b '3a-'37-,39-'40- 41—A&O •5b 1932-1951 J&J I to 4.40 % 475 % co to 4.75 6 4.75 to 4".50 to 4.50 4.50 to to 4.50 to 4.50 6 5% to 4.50 6 to 4.50 to 4.50 5% •4s Park 1932-1943—-F&A 6 5% New Hav (O) 3 34s *32-'35A&0 6 5% •4s Apr 2 1940 6 tax-expt.A&O Paving Mar 1930.M&S % I % 5 J&J 6 4.75 F&A 6 5% School 1932-'40_F&A School 1940-'52_F&A 4Mb Water Aug 1941--F&A 4Mb 1932-1969 F&A •4 34s Sch Aug *32-'43-F&A * Tax free in Connecticut to 4.60 3 Mb '32.J&J Bldg 1948 19/32-1952.. % 4.40 5% 5% 5% 4M 1934-1943 J&J 6 4.75 Meriden (T) 4s *32-'86—M&N 5% Mlddletown 4s 1932 35.M&N % to to 4.60 to 4.40 Manometer »4Ma '32 '33M&N •4M" 1934-1944 M&N Manchester 9th School Dlst— 4 Ms 4.45 4.75 — •4 M« •4 Ms 4.75 to 4.40 to 4.40 434s Southwest 1944._M*N •434s Wash't'n '4K47.J&J 4s 4.75 to 4.75 to 4.75 Hartf'dSD •434s'32-'47-M&S •434b Northeast 1959.J&D 4 34» 2d North 1944 J&J 334s South Sept 1955-M&8 4s Munlc 4.60 % to 4.60 % 8 D 4mb 1932-1960.. •Hamden 434b 1932->_— M&S Hartford 334s Edge *55—J&J 6 •is Water June 32-*39 J&D 6 •4s Water 1940-45 J&D 6 •4b Water 1932-1938 6 •4* High Scb '33-*55—J&J 6 •4Mb 1933-1934 M&S 6 •4MB 1935-1938 M&8 6 ♦4Mb 1939-1960 M&S 6 434s Munic Bldg 1933 M&N New Britain (O) 7 % to 4.60 4b West Middle 1937 ..F&A mm-mmm - 5 Kllllngly (To wn)4 Ms'32 56J&J Litchfield 4 34a 1935-37 m 4% to 4.75 % to 4.60 Groton 5.00 m to 4% to to 475 5.25 m m 5% M&N 5.10 mmmmmm • 1932 mm-rn mm . mmmmmm 4Mb rnrnmmm* m 55 to 4.75 4M» 1933-19344Mb 1935-1951 mmmmm m mm 92 « 4.80 m ■ "80*" 72 4.45 "161" m'm 25 • t in London 4.15 m 100 mmmmmm mrnmmmm 83 80 m mmmmmm mmmmmm m.m 83 72 — -mmmmm -mmmmm _ Municipal 1932-61 m 60 to Greenwich *4Ms 1932 33.J&J •4Mb 1934-1942 tax exm't b 4.75 to 4.15 4.15 rn'mm — 60 4.60 4.20 mmmmmm mm I % % to 4.75 4.20 4.20 4.20 mmmmmm % 4.25 100 to 4.20 m 98 / 50 534s 1964-1973 J&J / 60 5s 1974-1983 J&J / 45 PuebloOo SDNo20434s 32M&8 6 4.75 Glastonbury *4 Us *33 58. J&J 4.25 4.25 4 25 .—F&A tc 4.30 to 5.25 4.60 4.25 mmmmmm mmmmmm F&A F&A toL30 to 4.30 Bloomfleld 434s 1933—-A&O 434s 1934-1952 A&C Branford (T) 4 34«'32 '50.J&D Bridgeport 434« 1932-65-J&J 4Mb High Sch 1933-63.J&J •434s Sewer 1933-46—-A&O 4Mb 1932-1957 A&O •4a 1933-1968... F&A 334s Improvt 1932-41.J&J •5s Oonstruc'n 1932-49 J&D Bristol 434 s Water 1939—J&J •5s July 1 1932-55 J&J •Cheshire 4Mb 1933-45—J&J Danbury 4b 1946 taxable.J&J •434b 1932-65. J&D 334b Fund 1941 tax'le.A&O East Hartford (Town)— 4Mb Sch 1932-36 M&N 4Mb Sch 1937-49 M&N 4Mb Sch 1950-59—_M&N Bast Hartford Fire District— *5 MB 1932-1951 M&N 4a Water June 1933 J&D 4.25 m mt am m m 5.00 •4s July 1936-J&J 6 4.25 •5s July 1 1936 —J&J 6 4.25 mmm mmm 534" Nor 1036-60 M&N '-**mmrn mm'm 58 1932 1934 .V F&A 6B 1935-1964... f&a m'm-m 4s 1932-1934 J&D 4s 1935-1936 J&D 4s 1937-1945 J&D 4s 1946-1961 —J&D Los Ang Oo 4 34b *33-'49—F&A Merced Irrg Dlst 6s f 20 21"Modesto Irrig Dlst 6s 85 88 Oakdale Irrig Dlst 5s 1 27 32 Oakland 534s 1932-43. —F&a b 5.00 to 4.60 434b Mun Imp '32-'43-F&a b 5.00 to 4.60 434s 1932-1965 -F&A b 5.00 to 4.60 Oakland 8 D 4s 1932-44— J&J Orange Oo 5b 1933-45 —-M&8 m'* Pasadena 4s Jan 1932-42.J&J m'm 434s Wat Pl't ,32-*36—A&O m'- 6% 6% 6% 6% 6% 6 % 6% 6 % 6% 80 >1 >1 • mmm 534s Harb Imp '32-'61M&N 6 5.00 6% 6% to JII 80 m 1944 % to 4% CONNECTICUT ' mrn-mmm 55 1 J&J2 Los A O 8 D 5Hb *32-34 M&N "55" "76" 55 55 1 mmmmmm mmmmmm 55 1 m to m m fi'no 80 n 434s to 4.30 to 4.30 , 1 n 4Mb Ref Wat 1935-67. J&D 6 4.50 4 34* Water 1962-1965.J&D 8 D No 1 434s 1934-53.J&J 6 "4.60 5 D No 11 1932-1947-J&P 6 4.60 4s July 1941-1945 J&J 6 4.50 M&8 MoffatxunlmpDS 34 S44-68J & J 5Ms 1947-1956J&J --- n"80"" Highway 1932-37-J&J3 Unlv Bldg Jan6*33-65J&J Highway 1936-*48.J&J 30 1933-1947 -F&A 4s 1946-1962 334b Water 1932 to *41.A&O 434s Water 1932 & 33. A&O 4 34s Water 1934-'40 A&O 434s Water 1941-70 A&O 434s 8ch 1932 to 1944.J&D 434s 1932 1968 J&J 4548 1933-1969 M&8 5» 91 91 to ■* • 25 Los Angeles 434a 1932-51-J&D b 5.50 4b Water 1932 to 1945.M&N b 5.50 4a 1940-1945 to 5-50 to MsbUe 5s School 1943—J&D 5s Refunding 1949 M&S — 72 5s 95 90 mmm 1 Imperial Irrig Dlat 6s '38.J&J to 5.50 85 434s Ot H'se 1934-43—M&N 434s Ref 1934-1961—-A&O Mad'son Co 5s Refunding 1940 434s Water 1944 '.J&J 6 4.50 434s Ref Wat 1932-34.J&D 6 4.50 ' 1 — 85 85 4s 1937-1941— 4s 1942-1961 — Oolorado Spga 4s Mar 1 1941.. 6 4.50 to 4.10 % 434s 1932-1939 J&J 6 4.50 to 4.10 % Denver (Olty and County)— Durango East Bay Mun Utll Dlst— 5s 1935-1974-... I&J b 4.65 5.60 "85" M&S2 COLORADO mmm 17 96 80 page 94 m 00« oil n CANADA—See m '■:*mm 96 "79" dakerafield 5b 1932-*52—A&O Berkley 5s 1942-1951 J&J 5s School 1933-1955 J&J Brentwood Irrig. District 6s„ Cltrua Heights Irrig Dlst 6s__ Ooiisol Irrig Dlst 534s 100 92 A&O b 7.26 A&O b 7.25 — m -*m'm ■ 70 _ M 1938-1977..J&J 4.80 San Joaquin Oo 5b *33-*49-J&J 5*4.60 to 4.60 Santa Barbara 5s '33-41 -JanlO 6 4.60 to 4.75 434s gold Aug 1943 F&A 475 80. San Joaq Irrig Dlat 534s>_ / 38 42 Turlock Irrig Dlst 6s 85 88 West Side Irrig Dlat 6s... 42 47 m m m ■'* 72 Alta Irrig Dlst 5s 88 6 7.25 A&O b 7.25 ..... V*m ■ "l7" 65 434b Mun Imp *33-'48.a&o 89 96 Irmlngham 534s Pub Imp 1932-35 4s April 1 1933 4b 1934 4s 1935-1936 to to 70 Alameda 4a 1932 to 1941.J&D 89 M&S 6 6.00 «ki 1956 & 1959 M&S 6 6 00 434s '36. '42 46, '49-—M&S b 6.00 4s Pub Highway 1949-51-M&S 6 6.00 •s Ala State Bridge Oorp'35-'40 to 68 4s Barb Imp 1986 opt "60 J&J Is Jan 2 1941-1943. J&J2 Is J-n 2 1944-1948 J&J2 to 4.75 to 6 5.80 . to 134 1941-1947 134s 1948-1952 to4 75 6 5 80 6 5.75 6 5.75 Annfaton 534s 1939 5s Schools 1932 1947 Bessemer 6s Pub Imp 1932-38. 6% 6% 5s Jan 1 1954 opt 1934—J&J 6 6% 5s W W 1933-1960 J&J 6 6% Phoenix CJn H S D 434b 1948 95 Prescott 6s 1948 J&J Roosevelt Irr DIs 6s*45-'53J&J "15" 6s 1938-195710 J&J Tucson 5s Water 1950 95 J&J 434s W Mar 10 '38—M&S10 4 34 s to 4.80 to 4.80 ' 5% 5% 5% 5% 5% 5% 4Ms Jan 2 1933-1936 J&J 2 i34s 1935-1936 F&A to 4.75 6 5.00 434s 1952 5s Funding 1947 to to 5.25 to 5.25 6 5.00 ALABAMA 8Mb Renewal cl O 1956 J&J 6 6.00 434s Harbor imp 1934-73 6 6.00 to Wa Olympiad 1936-*71. 6 5.80 J&J 6 5.80 4i gold 1932-1960 is July 1954— 90 6% 5M« 434s 434s 434s m 4.80 J&J 6 5.00 M&N 6 6.00 '■ 101 to california PO S8B88 ION8 Hooolulu (City & County) 5s Pub Irnpt 1956—J&D 15 6 5.75 5s Jan 15 33-'56—J&J 15 6 5.75 6B 1932-1956 J&D15 6 5.75 «Hs 1957 89 8334 8334 8234 8234 82 1935-.. J&J 1936—.J&J 1933—J&J 1934—J&J 100 6% 434s Fund 1941-50—M&N Little Rock S D 4s '32-*55M&S St Francis Lev D 6s 1947-J&J 534s 1945-1964 J&J 534s 1960-1969 J&J 5« 1949 opt 1929—.J&J 100M 83 J&J 98 100 80 Hot Springs 434s *32-'50-M&S Little Rock 434s 32-40—M&N 7734 7734 434s 1932-1951 4Mb 1932-1951 4mb Water 1 Mar 434S Highway '38-'68—M&N 7734 55 to 4.85 „ 4 34s Pens Notes 1932-'51 A&O 4 Ms Highway 1935-65 J&J 5a 1936-1962 M&S 7654 5s 1941 opt 1931—M&N 4Mb 1933 opt 1932 -J&D, mmm 60 434" Highway 1938-48—J&D 76M 7734 4Hs 1942 opt 1932-M&N 4 Ms 1943 opt 1933 J&J V 75 75 75 75 arkansas ho Lid" 76 76 4Ms 1957 opt 1937-M&N 4M« 1958 opt 1938-M&N 60 60 Net. 434s Water *57. *5«. '59-J&J m 10l29i)2 Loan opt 1938---M&N 4 Ms 1956 opt 1936--- J&J 4Mb Jan 1957 opt '37 J&J mmm 60 60 Franclflco (Olty & County) 5s Water 1933-1951 J&J 6 4.50 6s Water 1952-1969 J&J 75 mm Dtegulto Irr Dlst 6s San \mm" 75 50 opt *30—J&J 6 1002932 — 4s 1958 ■ 60 4>4s 1933-1956 J&J 6 4J4s Oourt Hse 32-*48-J&D 6 6s Jan 1 1946 J&J 6 99 102*32 85 60 Highway 1947-51-J&J15 Navajo Oo 434s June 15'32-*36 Phoenix 4Ms 103 100832 3%sMar 15 1933 2% May 2 1933 3% May 2 1934 78 To .or Bid. Ask. Bonds. San ARIZONA 6s March 1933 89ic32 103 6% 6% 82 A&O 6 6.50 6s 9 0 2432 90 3 Ms Feb 1 1933 77 1935 Maricopa County 8 D No 1001*32 101 "is 1932 Road Morgan Oo 5a 1938-52 Tuscaloosa 6s Pub Imp '32 *35 5s Pub Imp 1935 5s W W 1939-1957 Tuscaloosa Oo 6s Bridge 1941. 5s Road 1957—--534 s serial 971632 96 9o 96 101 100632 100«32 1J^ Sept. 15 1932--MAS10 Dec 15 100 2632 102»32 97 97 2k % June 15 1932 8% Sept 15 1932 3 Ms Aug 11932 3 Ji % 100l032 100l032 1011532 10134 8Mb Oct 15 1932 5a Ask. 1957-59 6 6,50 6s Road 1951. 952*32 90l232 ,89 Treat* 3s 1955 opt '51 -M&S15 2i Pan Can Nov 1938 Q-F U Panama Oanal 1961—Q-M 8s Conversions 1946-47—Q-J IJ S Trea* cf.f* <»f indebtedness Bid. Yield Basis To Net. or Bonds. Montgomery Co 434 s UNITED 8TATE8—See also pa ge 18. on. difficult, and in many cases, almost practically out of the question and sales or Yield Basis To Net. Ask. firat Liberty Loan— 3*4% of 1932-1947 J&D 100<3» Oonv 4% of 1932-47--J&D 100 Oonv 4M % of 1932-47 J&D 1011432 2d nonv 4 M % *32-'47-J&D 100l«s2 Fourth Liberty Loan— 4M% of 1933-38 A&O 102 «32 Treasury 4Mb 1947-1952 A&O 1022*32 Treasury 4s 1944-54 J&D 9929 Treasury 3 Ms 1946-56- -M&ts 97 Treasury 3 Ms 1943-47--J&D 951632 Tre»s3Hs June 15'40-'43J&D 951832 are In fact the absolute lack of demand often causes good bonds to be offered at almost price. Bonda. be added cases and dealers find it especially for the smaller municipalities, 4.70 to 4.75 to 4.40 6 4.70 6 4.70 to 4.40 to 4.40 6 4.70 6 4.70 to 4.40 to 4.40 b 4.75 to 4.40 6 4.75 to 4.40 To To or Ask. to 4.75 AAO & 5% to 4.75 •4Kb Imp 1933-1935-MA8 b 5% to 4.75 4*8 Park July 1942—JAJ b 5% to 4.75 •4*s Water 1950 FAA b 5% to 4.75 5b Deo 1 1937JAD b 5% Nerwalk (O)4o 1954-1964— 0 4.80 to 4.60 •4Mb Sch Mch 1933-1953— b 5% to 4.60 •4*b Impror t *32-'39—JAJ b 5% to 4.70 3*s 1933-71 AA015 b 5% to 4.60 3*s Sewer 1947-70- J&D15 0 4.75 to 4.60 •5s 1933-71 AA015 b 5% to 4.60 Norwalk (T) 4mb 1942—JAD b 4.75 to 4.60 4Mb 1936-1968 b 4.80 to 4.60 Norwich 4Ma water 1939-MAS b 4.80 to 4.60 *4Ma 1932 1964 .M&S16&5% to 4.60 4*s Refunding 1938—AAO b 4.80 to 4.60 Argentine Repub— •Plafnfleld(t)4MB o3-'57aao 0 b 4b 0 5% 0 5% 0 5% 0 5.00 0 5% •4Mb Water 1933-44.-JAJ16 0 5% •4m Bdge,St.Ac.'4o-04JAJl6 0 4.75 •4*B 1940-1953 JAJ 15 0 4.75 •4Mb Water 1935-'04—JAJ 0 4.80 JAJ15 0 •4Mb 1932-1034 5% 4Mb Mar 1933-'48.MA8 b 15 W HaTU8D*4MB,32-'50.MAN West port 4*8 1935-1944 '32-'45_MAN Weston (T) 4Mb f 7s s 11 5% 5% Windham(T) 4*s ^-'Se.JAJ 5% 4b 1933-1934 —JAJ 5% 4b 1935-1937 JAJ 4b 1938-1942 JAJ b 4.75 4b 1942-1952 JAJ & 4.75 - 42 43 .42* 61 25 35 93 85* Extl \lY* 18* 26* 4 15* 16 }«* 14 13 S. 14 4b of 1910 13 13 to to 4b of 1889 4.60!% 4.60 % 4*a War Loan ,32-'45 JAD 5*s f Feb 1 1937 FAA to 4.60 to 4.00 4b fund 1990 opt 190O.MAN 5b war loan '47op*29--JAD to 4.60 to 4.70 to 4.70 AIree(Prov)fl8 "01MAS Buenos Extl to 4.70 % to 4.60 % to 7s 1935.-MAS British—Cons 2*8 op '23 Q-J 4.60 % DELAWARE. Srtl 7*8 1947 Ext 8 f 6*8 1901 FAA f 7b '67 JAJ Bulgaria (Kingd) s Sec a f 7 *» stabilization !oan 1968 MAN 15 Oaldaa (Dept of) Colombia 25* / 73* 74*| 25* Mlnas Geraes (State) Extl 0*s 1958 15 32* Extl 6*« Exch 103* 74* 75* 26 29 30 45 24* 26 10 12 18 25 s f 0s Feb 1901...FAA 3* 3* 5 AAO AAO AAO s f 6s 5 5* 4.50 Sept 1901..M&S Extl Ry ref 6s 1901 JAJ 4 50 Extl s f 6s 1962 Extl a. 4b 1930-1937 4b 1938-1941 4s 1942-1948 4.50 4.50 Farm loan 6b 1900 JAJ16 Farm loan 0a 1900 AAOIS Ser A Int ctfs '38.AA015 4.50 4 50 Chili (Rep) ext 7b 1942.MAN Extl a f 6s 1960 AAO Brevard County School Tax Districts 6s 1933-55 40 31- OO.A<3lO 9 13 6s Impt 1931-1938-- --JAJ Impt *33-'50 var. Dade Oo 5s Oct 1947-'54 AAO 5« 1932-1937 JAJ Dade Co Spec Sch Dist No 2 9 13 9 13 66 78 66 80 „ 40 50 *Y'32 ~op'12~ MAN 92 97 5a Armory 1944 JAJ Jacksonville 5s Jan 1 '30-JAJ 5a Jan 15 1934-45.-JAJ 15 92 97 88 96 88 88 96 IQ'^O-IQ'^ Duval Oo 5 5*fl Jan 15 1934^5-JAJ 15 4*« Feb 1937 —FAA Jackaonv 8 D No 1 5b Apr *45 Lakeland 6s Miami 5*s 5B MAS MAS MAS 1932-35 1932-1939 - 5s 1940-1956 6b 1933-1935 OAA 4Mb 1936-1938 AAO 4*b Munlc Imp'32-'55MAS 6b School 1940 JAD Miami Beach 5*8 1932 5*8 1933-1935 MAN 5*8 1936-1939— MAN 5*8 1940-1950 MAN 96 96 88 86 92 40 45 49 53 49 49 49 53 53 49 53 53 49 53 49 53 80 S6 80 86 80 86 80 86 38 Moore Haven 6s 1932-1955 32 New Smyrna 6s 1932-1945 Orlando 5*s 1931-1952 42 50 55 60 Orange County 5b 1944—JAJ 6fi 1952-1953 JAJ Palm Beach 6s 1931-1952 Peniacola 4*§ ref 1941—A AO f% 8chool 1932-1951—JAJ 65 72 72 72 77 75 78 42 45 50 42 60 Pinellas Co 6s 1940 Newberry 5s 1932-1942 ... St Augustine 5s 1955 JAJ •• Impt 1932-1937 FAA St Petersburg 5*s 1949..JAJ 65 67 70 60 42 50 38 43 JAJ JAD 38 43 38 38 43 43 Tampa 5b June '55 op '25 JAJ |i W W Purch '32-72-FAA 4*« Impt 1932-37— .JAJ 70 70 70 22 76 /12 18 5*s 1932-1953 5M* June 1954 0b 1931-1038 — West Palm Beach 6s 1931-'40_ Certificates FOREIGN Agrlcul Guar Guar Mtg i a FAA AAO f 6s 1948; 20-yr 7b 1946 AAO 20-yr 7b Jan 15 1947 —JAJ Akershus (Deptof). Norway— 6b 1963. MAN Antloqula Ool (Dept of)— Extl 8 f 7b Ber A 1945—-JAJ Extl b f 7b Ser B 1945—JAJ Extl b f 7b Ber O 1945—JAJ Extl 8 f 7s ser D 1946—JAJ Extl b f 7b 1957 1st ser.AAO Extl S f 7b 1957 2d ser.AAO Extl ■ f 7b 1957 3d Ber.AAO 6 Basis, Per c 25 u 7* 10 MAN AAO 6b 1902 Chinese MAN 3 27* Ext Ext'l 5*8 1955 Trust rets 4*s 2nd 5*s 1940. AAO Dutch E Indies 6s 1947—J&J Extaf 6a 1902 MAS ser Class Ext'l f 7b 1950 f 0*s 1956 Extl Bf 5*8 1958 M&S M&S F&A France (Republic of) 4s 1917— 5% National Loan not red Extl ■ s 26 s mmmt + 26* 7*8 External 1941—-J&D 24* A&O 37 77 39 78 78 77 2* 5* 9 Extl a f 7s 1947 M&S sec s f 7s 1959 M&S Nat Loan extl 6s 1900 J&D Extl b f 6s 1961 A&O 87 Poland (Rep of) 6s 1940. A&O Stab'n 1 sf 7s 1947. A&O 16 Extl s f 8s 1950 J&J Prussia 0*a 1951 MA816 4* 9 6s Ext Oct 15 1952.A&015 40-yr s f 5*s 1905 J&D 35-yr extl b f 6s *03—M&S15 Norway Municipalities Bank- Peru 24 5* 23* 23* 6a 1952 Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 Rio 56 23 34 36* 28 Grande Do Sul (State) Brazil ext a f 8s 1940—A&O 7s extl s f I960 M&N Extl ■ f 7b 1907 J&D Extl 8 f 6s 1968 J&D 6*8 92* 67* 86* 1959. Rumania J&J (Monopolies) 75 73 ( • 8* 4* 12 4 4* 4 5 48 52 41* 42* 46 47 15* 16* 18* 68 74* 55 62 9 10 18 5 6* 5* "4* r 5* 27 76 Institute 7a 1959 F&A Russian 0*a June 18 '19.J&J 5 * % Ext Ln Dec '21 .JAD 39* Salvador (Repub) 23* 27* 96 San Paulo 30 31 33 * 1 1* s - 8s-1948JAJ (Brazil) State of— 78 8% external loan 1930. J&J 76 95 62 Ext'l 8s 1950 J&J Extl water 7a 1950. _-MAS 7s 1940 (per 1.000 mUrete).. Extl a f 6s (of 1928) '68.J&J .A&O 52 10* 56 9 Santa Fe (Prov) 7s 1942.M&S 34 36* Santander (Dept) Colombia Ext a f 7s 1948 A&O 5 70* Sec 74* a f 7s 1940 Saxon State Mtge Institution Sink fund 7s 1945 J&D Sink iund 0*s 1940-— J&D Serbs Croats A Slov 62 83 86 80 82 77* 37 42 Extl 7b 1902 aer B MAN Silesia (Prov) Poland— Extl b f 7s 1958 J&D Slleslan Landowners Attn— (Bank of the) 1st 6b '47F&A Styria (Prov of) 7s 1940—F&A Swealsh5*s ext 1954--M&N Switzerland 5*s Ext *40.A&O 80 36* 49 49* Taiwan Electric Power— S f 5*s 1971 J&J Tollma (Dept of) 7f '47-MAN 42 Upper Austria (Pro v) 7§*45 J&D 40* 40 y 46* Extl s f 6*8 1957—J&D 15 Uruguay Extl 8s ext 111* 119* 25 44 26* 44* 12* 10 9 7 37 35* 31* 30* I?? 27* 28 14 22 31 82" 104* i$8 42 "6* 7 20 25 14 17 35 27 s a 26* 26* 27 92 88* rrr* 118 12 4 1946—F&A f 0s 1900 M&N f 6s 1964 MAN Venetian Prov Mtge Bank—. Sf 7s 1952 ser A A&O Extl 10 11 (King of) M&1< Ext 8a 1962 38* 38* 42* 54* 54* 54" 51 35 44" 47 slOl* 94 35 s 5b premium 1920 M&N 0% Natl loan of '20-J&D16 7b ext of 1924-1949—J&D 28 22* 22* —— 8* 44 A&O B 48 47 40* Extl 5*s Mar 1953.-MAS Extl 5*8 Nov 1953—MAN Estonia (Rep of) 7a. 1967-J&J Finland (Repub) 6a '45--M&S 0*§ Mun loan '54 cl A A&O a 58 48 r (Kingdom) 69 FAA 1902.AAO15 Dominican Rep 5*8 '42.MAS 5*s Oust Adm 1940—AAO J&J 53* 61* 43 43 40 Parana(State of) Brazil 7a 5* Pernambuco (State of) Brazil- 74* b i* 71* 73 7* f 8s 1952 ser B—AAO Denmark ext 6s 1942 JAJ Extl 55 35 90 6 7 11* 51 IX J&D aer 70* 70* 7 JAD16 5s of 1890 £ red 1933— AAO i 4*s of '98 £ red *44—MAS I 85 22* Colombia Rep 6b 1901 JAJ Extl a f 6s (1928) 1961.AAO 22* Colombia Mtg Bk— 20* 20-yr s f 0*s 1947 AAO Sink fd 7a(of 1920) '40 MAN 21* Sink fd 7s (of 1927) '47 FAA 23* Cordoba (Prov) Argentina— Extl b f 7s 1942 JAJ 27" Costa Rica(Rep)ext 7s'51MAN 89 Cuban 5s 1944 opt 1911—MAS 63 "Extl" g 4 *s '49 opt.-FAA 85 "Extl" g 5s 1949 FAA 72 "Extl" s f 5*8 '53 JAJ15 36* 5*a PubWksJune30 '45JAD 91 5*s June 30 1932.JAD 31 76 5*b Dec 31 1932—J&D 31 72 5*s June 30 1933—JAD 31 Serial 5*s 1932 90 JAJ Serial 5*s 1933 66* J&J Serial 5*s 1934 57 JAJ Oundlnamarca Dep (Colombia) Extl s f 0*s 19.59 6 MAN Czechoslovak Republic— Ext « f 8s 1951 ser A—AAO 12 Extl 8 f 5a 1967 J&D Guar « f 5s 1970 J&D Panama fRep) 6x15*8*53 J&D Extl b f 5b 1903 M&N16 lH Government— Huku&flg Rys 5a £ 10* 10* .WAS 76 24* 3* 3* 6 ::i: 75* 72* m 4 22* 5* .... ext 0a 1943—F&A if f 06 1944 F&A Norway .... f A.MAS Sf 5*a 1950 4* 26 25 2* FOREIGN CITIES, &c. German .Govt Internal— 56* 5* 75 5*% loan of 1930-65-J&D 15 German extl 7s 1949—A&015 German Prov & Communal Bks (Cons Agric Loan) 6*s 5 5 7 7 5 5 7 Grax(Mun) Austria 8s'54 M&N 7 5 5* 7* Greek Govt s f 7s Sink fd 6s 1908 5 '58 J&D Antwerp (City) extl 5b '58J&D Baden Extl a f 7s 1951 JAJ s 26 Bergen, Norway— Extl Extl 15 • b f 5a 1960 1 f 5s Octl5'49.A6 60 55 33* 17 14 1904..MAN 25" 22 F&A 12* 65 63 18* 17* 13* I:: £. / Flat price. I In London, m Dollars pe rubles flat, n Nominal, p Per £20. r Canadian price. « Sale Dollars per 1,000 lire flat, v Dollars per 1,000 francs to Dollars per 500 franca, y Per £200, • Per £300 bond. Basil $5 to the 1.000 guilders, 10 before Jan 1931...O-F 16 (Colombia! 1947 f 6b 76 76 GOVTS. Bk f. 6s 1963 S f gu 6b 1961 46 0s Ref A VJrtDiets 0>3S MAS Chili Mtge Bk 0*a '57 JAD31 8 f gu 6*s Jne30'61.JAD 31 florida. 8* 24* 15" 1 / A&O New South Wales (Australia)5s extl s f 1957... F&A Extl sf 5s 1958 A&O Wat, serv & Dr Board Extl 4.50 6* 36 i "ill 0s 1972 series B Ext 0a 1954 Extl .AAO Extl sec 7s 1948—...JAD Cent Agrlcul Bank (Germany) Farm loan 7b 1950—MAS15 1946 5 Brazil" aer 5s June 30 1955 Cauca Vai (Dept of) Colombia 7*8 1959 f 5s 1972 • Netherl'ds 4.50 1940.JAJ 53* 51* 37 32* Mtge Bank of Jugoslavia— Secured s f 7s 1957 A&O N®wfound 0*s 1930—J&D3C 5*s 1939 j&j 5*a 1942 A 1943 J&J 4.50 .. f 7*s 52" Mtge Bank of Denmark— 1933-1970 JAJ 4*s 1934-1953 AAO Wllm'gton—4*8 '32-*87-AAO 4*sBldg—Con'53-'02 MAS 4*b 8 F 1900-63 (B-a).AAO 4Mb 1936-50 (s-a) AAO 5B 1947-1949 SAO Sussex Oo 5s 460 450 s 60 49 35" £100 and £200 pieces... Internal silver 5s Internal silver 3s IIII. 103* 57 56 _ 4.50 4.60 External 63 51 1 1 Treas 6 % notes '23 ext to '31 £20 pieces 4.00 4.00 4.75 77 (U S of)— Extl 4s of 1910 (£20 pieces) £100 and £200 pieces 105-JAJ 4*8 1981 opt *22 at 105-JAJ DBTer Spec 8 D 5b *33-'40 AAO Kent Oo 4*8 1945-1950-MA8 NewOastleOo 4*8 "32-'34JAD 5*8 1930-1944 JAJ 4*a '60 opt any date 67 60 f 7b '52JAJ External 5s of 1899 15 35 AAO f 7s 1952 a i b Government— '4s of 1904 17 15 16 4b of 1900 Bremen (State) 90 a Mexico 17 4.85 43 86* Brazil Ext b f 7a 1958......MAN Mendoia (Prov) Argentina— 7*8 extl a f 1951 J&D 15 80 14* 15 4.75|% 43 Maranhao (State 3 5b of 1913 to 42 42 for f 5*a 1905 M&N Oriental Dev Oo 0a '53-MAi1 Orient Dev Co 5*3'58M&N Lower Aust(Prov)7*a 50J&D SgX 27 76 4*b of 1883 4*8 of 1888 u 4s £ '54 opt *10—J30 A D3) Sf 0*s 1954 F&A 96* 87" Pub wks ext 7b B "47_MAt „ Pub Util Credit 64 86* Pub wks ext 7s A '37-MAfe Japanese Net '4 Prestlt* Littorlo 6b Ital Cred Consortium 60* 54* 68 Ask. T — Italy (Klngd) extl 7s *61-J&D 6% IntConsol J&j 5b of 1895 4.60 20 Irish Free State 6s 190O.M&N 4.60 to 4.60 % 22* 21* 35* to 4 .60 to 4.60 16 14* 43 it* to 20 15 41 41* 96* 96* 25* 24* 3* 2* 2* Sf 7*» (coff.8ec.*22) 1952.. Extl b f 0*8(1926) '67.AAO Extl 8 f 6*8(1927) '67.AAO to 19 Hanover (Province) German} Harz W W 0*. 1949 -F&A Hungarian Land Mtg Inatit'L Mtg 7*s 1901 ser A—M&N Sf v*s 01 aer B(f bds)M&N Hungary (Klngd) 7*a'44 F&A Industrial Mtge Bk of Finlanr 1st M coll 7s July 1 1944 42 85 JAJ MAb 4.7,0 40* 41M 92* 47-MAN 4.70 to 4.60 to 4.75 to 20* 22 Brazil 8% ext 1941 JAD 7b Oent Ry elec 1952..JAC 4.90 5% 8b 1969 58,: 17 62* 24* Bogota (Mtge Bk) 7b May '47 7b Oct 1947 ——AAO Extl 55 54 —MAS Belg Govt extl 6*b 1940 MAS external s f 8s 1955——JAJ Extl a f 7b 1955 JAD Stabtliz'n loan 7s 1956MAN Bolivia (Rep) Ext Extl 7b 1958 Haiti (Rep) 6% Kx'52 A.AAC Hamburg (State of) Germans Gold 6s 1940 A&O ?2* 60* 60* 1965-JAJlt Extl 4*b i960. MAN Austrian Govt s f 7» *43.JAD intsf 7s 1957 JAJ Bavaria (Ger'y) 6*s '45.FAJ to 4.70 Bid. 33 (Commonwealth)— 5s July 15 Extl 5b 1957 4~70 5p Water 1932-1951—MAN 5s Water 1952-1971-MAN15 Weat Harsf'd 4*8 1943--JAD b 4.75 1961.FAA wkB 1901.MAN wkB '02.FAA tfxt Water bury— 4Mb City Hall ,32-,83--JAJ 4Mb July 15 1932'80-JAJ15 f 8b(State Ry)'0O MAS b A iBtralla 4.70 4.50 to 4.50 to 4.50 to 4.50 5% AAO Extl 6a pub to 4.70 1932-1939-JAJ15 0 5% 4a Water 1940-1905—JAJ15 0 4.75 MAN a Extl 09 sanlt wks to 4.70 4b Water 40* 40* 40* 40* 40* 40* Extl 5*b pub to to 1959—. AAO f 6s 1900 «xt to 5% f 0a Oct a •Cxtlaf 6s 1900 tfxtl to 4.70 to 40* 40* link fund gold 6b ffiitl 40* B—..JAD 1959.JAD 1st g 08 I960 Ser To or Bonds. Net. 68 of 1897 AAO 4xt 0b of '23 1957 A—MAS to 4.70 0 5% 0 5% 0 6% 0 JADO 1932-40 5% 5% b 5% 0 4.70 60* 1945MAS Internal 6sU>f '00) 48 £ loan ... •Rldgefleld (T) 4Mb Jan 1 '43 Stamford (O) 4b 1942—MAN 8tamford (T) 4mb '33-'45 JAJ ♦4M Sch 1932-1965....MAN 4Mb High Sch 1932-'59 JAD Stonlngton 4Mb '1933--aao TorrlDgton *5Mb 33-'85.JAJ •5M» Fund 1930-'41 JAJ 4*s July 1 1939 JAJ Walllngford (Town) 4 M« 1933. '3». 43. *41. '53 Bid.01' Ask. Bonds. Net. New London 4s 1933 Putnam (t) 4Mb *33 "401aao Yield Basis Yield Basis Yield Basis Did. Bond* 93 BONDS MUNICIPAL AND STATE price 94 STATE AND MUNICIPAL To or Bonds. Bid. Ask. Bogota (Olty) extl 8s '45-A AO 7 11 Extl ■ f 634* 1947 AAO Bordeaux (Oity) 6a '34—MAN Brisbane (Olty) Australia— 103% 104" I 6s 1968 rhyr s f 6s 1967 s t 6s 1950 49% 11% J&D Budapest (Olty of) Hungary Extl a f 6s (of 1927)'62. J AD 20-yr 41 37% 37% 48% MAS FAA 12% Buenos Aires. Argentine Rep. Exten 6Xs 1966 ser B.JAJ 40 f 6s 1960 Ser 02 AAO 52 32 Extl s 42% 33% AAO Call (Colombia) ■ f 7s '47-M&N Oarlsbad (Olty) s f 8s '54-J&J Chilean Cons Municipal LoanExtl s f 7s 1960 ser A..M&S Chrlstlanla (Norway)— 71 30-yrsf6s 1964 MAS 70 30-year s f 6s 1955---MAN 17 OologneQerm'y 6 X8 '60 MAS15 Copenhagen 4s of 1901-M&N I 5s June 1 1952——-J&D 56% Extl g 4%s 1953 52 MAN Cordoba (Olty) Argentine Rep 14 7s extl b f 1957 F&A Extl s f 7s 1937 MAN 15 r, 38 Danish Oons Municipal Loan 72 6%a 1956 MAN Extl s f 6s 1960 ser 03 6b 1953 F&A s 9 66% 4% 75 20 60~" 53% 18% 44% 75 60 s 64% Danxlg Port A Wat Ways Bd Extl 37 34 f 6Xs 1952 J&J Dresden (Ger) extl 7s '46 MAN Frankf't (Ger) 30 b 34% ; 7sl932 7s 1933-1934 7s 1935-1945 AAO 43 50 AAO 30 AAO 17 35 22 Extl MAN 16%sl953 a Extl conv 7b 1939 Havana—1st 6s 1939 ■ 25% Heidelberg (Germ)7%s'50 J&J Helslngfors (Olty) Finland— Extl a f 6Xs 1960 AAO Hungarian Oons Munlc Loan ■ f g 7Xs 1945 JAJ Extl a f 7s Sept 1946...JAJ Leipzig (Olty of) 7s 1947—F-A Lima »■ 15 85 Medellln (Munlc) (Columbia) 7s extl Dec 1 1951 6 58% 6Hs'52.AAO Nuremburg extl 6s 1952. F&A s f g 6s 1955 M&N Porto Alegre (Olty). Brazil Sinking fund 8s 1961 J AD S f 40-yr 7%s 1966 JAJ Prague (Greater) City— 7%s loan of 1932-52—M&N Bio de Janeiro 8s 1946-.AAO Extl s f 6Xs 1953 F&A ,7s 1960 (per 1000 milreis).. 8 15 5s of 1904 Borne extl b f 6)48 1952..AAO Rotterdam (O) ext6s '64.M&N Saarbrucken 65 30% 16 22% 104 13 8% 59% 8% 16 67% 71 80 8 7% 5% 4 10 10 20 63% 91% 65% 59 35 38 Arg Rep extl Santiago (Oity )Ohlle7s'49 J&JS Extl a f 7s 1961 MAN Soissons (Olty), France— Ext g 6s Nov 14 '36 M&N Sydney (Oity) N S W— 25-yr s f 5Xs 1955.—F&A Tucuman (Oity)Argentine Rep Secured 7s 1951 J&D 6s 5b f i* 4% 4% 11 12 10 12 104 105% 41% 44 18 25 35% 41% 41% Tokyo (Olty of) 5s of 1912— Red ann s f beg 17-52.MAS Extl b f 5)48 1961 AAO Trondhjem (Olty), Norway— Extl a f 5)4s 195? MAN Vienna (O) extl 6s '52—M&N Warsaw (Olty) 7s 1958—F&A 27 Yokohama extl 6s 1961.-JAD 91 82 73 96 6.50 6.50 6.50 77 QQ 4s 10-yr 4s Oct 1 1960...AAO 4)4s Feb 1 1936 F&A 6s refdg Oct 15 '43.AAO 15 74% 93% 75% 86 87 5s Mar 1937 5s May 1952 94% 91% 95% 92% 90 91 §3% 94 95 M&N 6)4b Vict Ln Nov '33.M&N 5 )4s Vict Ln Nov '34.M&N 5)4s Vict Ln Dec '37-JAD 5%s »*enew Nov 1932.MAN 5s N Serv Nov 15 '36M&N15 5b N Serv Nov 15 '41M&N15 Alberta (Prov of) 5s '50AAO15 4)48 Jan 15 1957 J&J 4)4s Jan 15 1942....J&J15 4)4s July 16 1958 J&J 4)4o Apr 1 1961—....AAO 4)48 June 11967 J&D 4Kb Apr 1 1935 AAO Brit Ool (Prov) 5s '48. J&J 15 5s Apr 25 1954—..AAO 25 4)4s 1932. J&D29 4)4s 1933-1946J&D29 4)4s 1947-1956 J&D29 4 %i • f deb Jan 23 '69 I&J23 4)48 deb 1936 F&A15 Calgary 5s 1933 ..'—..JAJ 5s June 15 1935 J&D 15 5s July 11945 J&J Edmonton (O) 5s '45&'50 AAO 6a s f 1955 A 1960—-AAO Halifax N S 4s July 1945 5s Jan 1951 J&J Hamilton— 4b Elec LAP 1941 93% to 6% to 6% 90 90% 87 86 75 69 72 88 87 80 72 4s 1933-1937 % 4s 6% 6% 6% 88 70 70 63 63 75 63 70 81" 83" 62 65 85 82 88 75 68 68 73 61 55 55 61 55 61 81 85 80 MAN MAN JAJ JAJ 61 55 61 JAJ 65 61 JAJ 55 61 JAJ 55 70 70 61 70 70 70 75 70 59 75 —.JAD 75 75 75 75 61 62 58 58 61 62 58 64 55 61 55 5.00 4.75 7 5.50 475 5 75 / 70 5.50 (see footnote k) 80 76 76 73 76 4s O to 4% 4% 4.10 to to 4.10 6 4.30 to 6 4.30 90 4.10 to 4.10 to 4.10 1 100 to 6 4.75 to 4.60 6 4.75 6 4.40 to 4*50 to 4.60 4.10 to 4.10 4%t to to 6% 6% Impt INDIAN 1939-1948.FAA ±X 4X TERRITORY (See Okiab oma). IOWA 1932-1933—, i 4%s - 6 4.20 to 6 4.20 6 4.40 to 4.05 to 6 4.40 to 4.20 4.20 6 4.40 6 4.40 JAJ 6 4.40 4Xa W W 1932-42 JAD 6 4.40 <Sen Oblig 1932-40—JAJ 6 4.40 Des M Ind 8 D 4Xs '32. .JAJ 6 4.40 4%s Sept 1 1945. MAS 6 4.40 4%s 1944 6 4.40 _ 4s Sept 1 1945 ..MAS Fort Dodge 5s Fund '39—AAO Fremont Oo 5s 1932-35-JAJ Marshalltown Ind 8 D— 5a Olty HaU 1932-39—MAN _ 6 5.50 I *5%s 1941 Des Moines 5s *32-'57 5.25 6 5.50 _MA6 *4%s W W Dec '43—JAD South Bend School Oity— % 5% 6 4.30 6 4.30 .JAJ .JAJ 8 D— z° to 4.25 % to 4.40 % to 4.50 to 4.10 .JAJ 1939 JAD 1934-1940 JAD Burlington 4Xs *32-'33_MAN Cedar Rapids 4 Xs '49-'53M AN Davenport Indep Sch Dist— 4% 1939-1940 MAN 4%b 1940-1941 MAN 6 4.40 6 4.20 to Hall *5s Oct 20 1932 -39-AA02C Logausp't *4 Xs '32-'37 JADU 4 Xs to 4.25 % to 4.25 % 6 4.75 6 4.30 Oitv So Bend *4%s W W '43.MAN „ % 6 4% 6 4.40 J&J 6 4.50 4] 4; 4] 4] 4} 41 *4s Bldg Sept 1 1946—JAJ *3Xs July 11941 JAJ 4.10 % to 4.10 6.00 t to 4 10 to 4.10 % b 4.30 b 4.30 1932-1955Hospital 1936 Indianapolis 4.50 to 1942-1956—JAJ30 *48 Fire Dept J'ne 1 *41 JAJ Sch J ne 15 '40JAD15 *4%s *4Xs *3Xs *3Xs to H 4.75 6.00 Indianapolis— *5Xa Track Elev '33-*47 JAJ 4.50 6 4.30 1.60 4.60 4.60 1942 to 1946. AAO 1947 to 1957 AAO *Fort Wayne Sch D 6s 1933.*Gary Sch Olty 4 %s Oct 1943. Hammon (Oity)— 73 b 4.30 4.60 AAO Wayne— 4%s 1933 to 1941 75 6 4.15 b 4.40 Vs JAJ Fort 73 . ...JAD Evansvllle *4s ref 1942 70 % 85 80 77 55 Oass Oo 04s *32 *33.MAN 15 Elkhart 4X" W W '32-'75 AAO 7 to 4.10 81 80 73 INDIANA to 4.10 Pulaski Oo 5s 1932-48 70 AAO MAN 5.25 79 to 4.10 Rome48Municbldg'33-'39A&0 70 4Xi 1937-1950- 4Xs 1932 1944 4%s Refunding 1939..J&J 6 4.30 Bibb Oo 4%s 1948-49—M&N 6 4.30 Savannah—4 %s ref 1943.J&J 4%S Drainage 1944-—F&A 4%s Refunding 1959—F&A Spalding Oo—5s 32-'49—J&D Swainsboro 6s 1932-50.-A&O Valdosta 5s 1933-1942 Jan Ware Oo 5s Road 1932-49-J&J Watklns S D 6s 1932-50.M&N Woodbury 6s 1932-49—.JAD 75 77 77 6.00 85 J&J 6 4.30 80 76 Lake Oo 5s road 1932-35-FAA 5s Road 1936-49 FAA Mollne 4Xs 1932 JAJ t I 1 80 76 70 73 Springfield Sanitary District— 6 4.30 JAJ b 4.30 JAJ b 4.30 75 70 77 River Forest S D No 90 4%s 1932 1947 Winnipeg. Man. 5s '44—AAO 4 %s non-call 1944 MAN 4%s June 1 1946 l.JAD 4%s June 15 I960—JAD15 4s Aug 1 1946 FAAI5 85 79 79 JackBon Oo 4%s 1939-1944— Verdun deb 5s 1954 82 75 75 75 Evanston 8 D No 76— 4%s 1935-1918 Granite City 4%s 1934-48 7% 72 79 79 73 MAN MAN Ohlc West Park 4s 1936-41 Cook Oo 4Xs '32-'40—-AAO 4Xa For Pres '32-'43-JAJl5 4%s 1935-1943JAD 4s Ser M 1932-1933.JAD 4s Forest Pres *32-'34_AAO Elgin Sanitary Dist— 5s 1932-1944 MAN JAJ 14 4%s 1942 and 1967...FAA 4s 8t Imp Sept 9 "32.MAS9 69 79 79 73 4s 1932-1947 4b Sept 3 1937-'41 4s 1932-59 4s 1935-50- 7%> Crisp Oo— Hydro-Elec 5s '33-'57.F&N Dougherty Oo 5s *33-'48 M&S Macon 4 %s W W1932-36. J&J 4s Pav & Sew '33 to '39. J&J Marietta 5s W W 1939 F&A 75 75 75 75 AAO 4%« 1934-1936 7% 75 72 72 69 JAJ FAA 1933-1937 Ohlc Line Pk 4s '32-'48 MAN 4Xs 1933 AAO 84 var 69 JAJ JAJ JAJ 4s 1935-1936 "85" 5s 1945 A 1946 var 6s 1950 A 1951 var 5s Jan 15 1970 Oordele 5s W W *33-'38 JAJ JAJ 4s 1937-1950 82 F&A 1938-'51 1937 1939 Chicago School District— 82" 1936-1937 1938-1939 1940-1941 1942-1945 A&O 1940-1961 A&O 4* £ July 1 1948 J&J 3%s July 1 1944-45—-J&J Vancouver. B 0.5%s '39 A&O 4%s 1933-1966 3Xs July 1 1933 -J&J Augusta—4 Xa Flood '42M&N 4s refunding 1934 J&J Olarke Oo 5s 1932-41 J&J Oolumbus—5s 1932-44.._J&J Jan Ohlc So Park 4s '32-'39 var 4s 1940-1945 var J&D J&D J&D A&O A&O A&O A&O A&O 5s Water Jan 1933-1941 4s 1933-1934 J&D 4%s ref 1935-1945.1 JAJ 3%s Jan 1933-1935 JAJ Albany—5s 1945..JAD Athens—4%s June 30 1943— Atlanta—4 %s Jan 1 1940. JAJ 5s Water 1933-'37 JAJ 5.10 . Road 4s to 6% GEORGIA Dominion of Canada— MAS 4.25 9 1932-1943—MAN Chicago 4s '33 601935——JAJ 37 CANADA 4.35 ...M&N 5b 38 49 4.35 4.10 Champaign County— J&J 5s 1940 A 1941 FAA Township H Dist No 206 4X* '3d-'46 88 77 73 84 Nov 15 1957 M&N15 Toronto f)s 1932-1940 J&J 1952- 4.35 4.35 MAN — 4s 4%s 4%s 4%s 4%s 4%a 5.50% 5.50% 5.50% Bloomtngton 15 4%s 1933 4%s 1934-1935 6 5.75 6 5.75 6 5.75 4Xa 1933 4%s 1934-1938 4%a 1939-1948 4Xa 1932 4%s 1933-1936 4Xa 1937-1949. 4X8 Jan 1 1950 4s 1932-1945 I960—M&S 1940-1950 1932-1934 6s 1935-1939 5s 1940-1949 5s 1950-1959 97 4.25 4.25 4.25 4.25 93 (Province)— 5s 94 Chicago Sanitary District— 1943 (non-call)—J&D15 1959 (non-call) M&N July 2 1945 J&J2 15 98 98 99 1932-1940—May „ *4 Xs 4%s 1955 4%s Mar 100 100 100 Highway 1941-1943—May Highway 1945-1954—MAS 4s 1945-1956 MAN 78 7.50 3s 38% 3ao Paulo Brazil 8a 1952 MAN Extlsf 6%a 1957 M&N 15 Saskatchewan 4.50% 98 98 98 96 4s "so" to 6.50 Hydro Elec Pow Oom— 5s Jan 1 1935. J&J 2 4%s Jan 11970 J&J 2 Ottawa Oity 5s '32-'45 J&J 6s Munic Imp '32-'50—J&J 5s July 1 1932-1956 J&J 4%s 1934. 1935. 1944—J&J 4%s 1932-1937 J&J 4%« 1938-1942 J&J 4%s 1943-1960 J&J Quebec (Province)— 4%s 1950 apt 1945..M&S 2 4 %s s f 1961 M&N Quebec Oity 3%s 1933—J&J 5s S F (non-call) 1960 M&N Net. 4s 1945-1958 73 "75" M&N15 M&N15 M&N 15 1941 6 5% 4b "78" to 5.50 95 Extl AAO Ontario (Prov) 6s '43. M&S15 4%s 1944 M&S 4%s Jan 15 *33-'47—J&J15 4%s Jan 15 '48-'67 JAJ15 4%s 1932 M&N15 94 "73" 6% 18% 96 1 (Oity). Germany Santa Fe (Olty) 7« 1945 Deb 5s I960 M&S Deb 4%s Sept 15 52 M&S15 Deb 4%s I960 M&N15 Ask. FAA FAA FAA is 1932-1944 to 5.75 16 5 4s May 1 1932-1935 4a Highway to 10% 5% 7 95% 81 6.25 60 b Metrop-Oa4Xs *58. '54 &'01 4%i May 1 1965 M&N Harbor Commissioners— 5s Nov 1 1969 M&N Haw Brunswick 3%9 '33.JAJ 4%« non call 1958.M&N 15 4%88f Apr 15 1961 A&015 4%s 1955 M&S ■forth Vancouver 5s *60 .J&J Nova Scotia (Prov)5s 1934F&A 4s Nov 15 1935—.M&N :• 82 ILLINOIS 4X» Serv Oomp 1932-43 "is Aug 1 1932-38 is 1932-1943 7.50 Ext 7s Mar 31 1935- AAO f 6b 1953 J&J ...MAN M&N 1939.M&N 4s May 15 1932-43.M&N 15 4s May 15 1944-57-M&N 15 4s May 15 1958-68.M&N 15 10 Oslo 4s May 1 1933 4s May 1 1944 3%s refdg May to 8 6Hs 1954 Milan (Italy )ext 4%s 1936-1939 AAOl5 4%s 1940-1951 A&OIS 4%s June 1 1971—...J&D to 103% Montevideo (Oity) 7s '52. J&D Extl b f 6s 1959 ser A.MAN 82 83 6.50 5 12% 78 80 6.50 103% 103% ' 85 Impt 1941 AAO Gap Bldg 1933-39—JAJ May 1 1932 opt 1921.JAJ Highway *35 opt '25..JAJ Highw 1937 op *27 —JAJ Ref 1933 AAO Ref 1934-1935 AAO Ref 1936-1939 AAO Ref 1940-1945 A&O Boise Oity 8 D 6s 1940-^-JAJ .MAN (Olty) Peru— Extl ■ f 6%s 1958—.M&J Lyons (Oity) 6s 1934—MAN Marseilles (Olty) 6s '34.M&N 88 82 1945.J&D 5s s f Nov 1 1958 MAN 4%h May 1954 4%s Jan 1944 J&J 4%s 1932-1933 A&015 4%i 1934-1935 A&OIS 5%b 4%s 4%s 4%s 4%s 4%s 4%s 4%s 4%s 4s 14 15" 70 84 1 Bid. IDAHO 75 75 4%s 1933-*34 4%s 1935-'38 4%s 1939-70 44 10% Dec Bonds. 80 70 24% 86 Q-j 75 (Prov)5s 1944JAD2 4%s May 1 1945 M&N 4%s Dec 16 1056 J&D15 To or Net "85" "90" Manitoba Montreal 6s Ask. 17 21 MAN Q-J 2d 6s Bid. Lichlne P Q 6s 1954 J&D rfaisonneuve Q 5%s '36.M&N Yield Basis To or Bonds. Net 24 & ,22 GermanOons Munlc 7s'47F&A Cons munlc 6s 1947—J&D Hanover (Olty) Germany BONDS Yield Basis Yield Basis to to to to to 4.05 4.20 4.20 4.20 4.20 4.20 to 4 20 6 4.40 4.20 4.20 4.20 to 4.20 to 4.20 6 4.50 to 6 4.40 6 4.40 to to to 4.25 AAO 6 Basis, f Flat price, n Nominal, k Tax-exempt uader a law approved jMarch 9 1903 and which went Into effect April 23 1903 bonds issued after lhatdate by State or municipal corporations are tax-exempt, and thege sell on a better basis. 0 Tax-exempt, under a law approved March 13 1909 and 1909. bonds issued after that date by municipal corporations are tax-exempt and these sell on a better basis 5 Sale price Which went Into effect Sept.I MUNICIPAL AND STATE 1932-42—A&O 1943&'44—A&O Ottnmwa 4 Ha Jane 1930 Polk Oo 4Ha 1932 A&015 5s Funding 1932-35 J&J Sioux City fls '35-'45—F&A16 6b Ref Aug 15 1940—F&A15 5a Fire Fund 1932-33—J A J 5a Police Fund "32-"33-M&N 4Kb Sewer 1932-47 MAN Sioux Olty S D 5s 1941 J&J 4 Ha Water 4 Mb Water 6 4.50 to b 4.50 to b 4.50 to 4.25 b 4.50 to 4.25 b 4.50 to 4.25 b 4.50 5s Pub Belt 4.25 4.25 Octl932__A&0 RR *39-'49-J&J to 4.25 b 4.50 85 b 4.50 to b 4.50 to 4.25 5 4.50 to 4.25 4.25 8 Ha KANSAS. 5fl July 5s July 1950-1959 4 Ha 1934-1961 5 4.40 4.15% 4.10% 4.10% 5 4.20 4.10% 5 4.75 4.65% 5 4.20 4 Ha Pub Bldg '61 op '31 J&J 5 4.55 5 4.55 4Hs 1933 85 5 4.55 4.40% 4.50% 4.50% 4.50% 4.55% 4Kb 1939 City"5a"i942——F&A 4Hb Wat A Light 1944-J&J 4Ha Wat Plant Pur '39 J&J 4Hs Imp July 18 '49—J&J Board 4 Ha 6 4.10 F&A J&J 1933-54—JAJ 1933-1953 6 4.10 4 Ha 1932-1953 Sch Diet 4 Ha 6 4.10 4 Ha Water 1933-1947—J&J Reno Oo 5b 1941 Saline Oo 4 Ha 6 4.65 6 4 65 1945 1940 1944 Sedgwick Oo 4Ha Shawnee Oo. 4Hs Topeka4Hs 1932-1933—F&A A&O 4a Sub Series B 4.60% 4 .60% 4.60% 3H« June 95 85 Brockton— 4.50% 6 4.50 4.40% 6 4.50 4.40% 0 4.55 4 .45% 6 4.40 4 .20% 6 4.40 4.20% 6 4.40 4.20% 6 4.50 4.40% 6 4.50 4.40% 85 1934-1935 M&S u<Ah -on i 3.90 % to 3.90 % to Belfast BIddeford 4s 4.80 4.80 6 6.00 Hickman—6b Fdg 1949—M&S Lexington—4s 1945 F&A 4.75 J&D Livingston County5Ha R&B Fdg Marl'49A&0 Louisville— 5s Sch 1962-A&O 6 4.35 6 4.35 4 Ha Hospital 1951 M&S 4Hs Bridge Rev '48—M&N 6 4.35 4 Ha Ref 1965 J&D 6 4.35 4.25% 4.25% 6 4.35 4.25% 4.25% F&A 6 4.35 4.25 F&A 6 4.35 F&A 6 4.35 4s Sewer 1965 6 4.35 J&A J&J 4s Lou W Oo 1959 4.25 6 4.35 Irewer to 3.90 6 4.10 to 3.90 to 3.90 6 4.10 to % % % % % 98 6 4.20 to 4.40 High (taxable). J&J tax-ex.J&D 4s 1934 Kennebec 4 .25% 6 4.35 4.25% J&J 6 4-35 to Owensboro—5b 1932-35—-M&N 6 4.50 to Sewer...J&D Sch Dlst— 100 6 4 53 to 1959—M&N Klttery Water District— 5s JanU933 to 1938 J&J Old Town Water District— 4s July 4s July 4H« High 4 Ha High U High (a High is High 1935-36 1937-39 1940-45 1946-49 1950-55 4s O 5% 4s 95 4s 4s 95 6 4 70 to 4.15 6 4.30 to 4.15 Quincy 3Hs *33 to *39—A&O 6 4.30 to4.15 Tax exempt «. Salem 4s Jan 1 '33-'54 tax-ex_ Somerville 4s Dec 1 1934 A&O 6 4.30 to 6 4.30 to 4.15 J&J 5s 5s 1950 opt 1940 5s 1952 opt 1942 5s Oct 15 1962 op 5a Oct 15 1963 5a 1957-1967 J&J J&J '52—A&O A&015 A&015 F&A 15 1959-1969 5b 1972 Lafourche Basin Levee— 5a Jan 1954 opt 1944—J&J 5b Jan 1937 opt 1928—J&J 5s 1956-1970 A&O Lake Borgne Dlst Levee— 5a Dec 1952 opt 1942—J&D 5s 4.15 6 4.30 to 4.15 6 4.50 to 4 10 4.25 3^75 3.65 3.75 M&N 4 Ha 1933 Warren 3.50% 3.50% 3.50% 3.50% 4.50 J&J 4.50 6 Winchester 4a 1939-1943 4.15% 6 4.25 4.15% 4.15% 6 4.25 6 4.25 6 4.25 M&S 6 4.25 6 4.25 6 4.25 4.00 3.90 3.90 MEXICO A&O 6 4.25 6 4.25 6 6 4.25 94 Ann Arbor School District— 4s Sept 1935 Battle Creek— 4Hs 1933 4 Ha 1934-1937 84 80 F&A F&A Ha 1938-1949 F&A Bay Olty 4s 1934 J&J 5Ha W W 1932-1951—M&S Bay City Union 8 D— 06a 1936 J&J 4 91H 4.50 —_A&G 4a City Hall 1933-36—F&A Battle Creek S D— 94 > 0) 5Ha July 15 1941 J&J15 5Ha Oct 15 1941 A&OIS 5 Ha Highway 1941 J&D 5a Highway 1940 J&D 4Ha Highway 1943——F&A 4H» Highway Impt 1937 A&O 4a Highway Impt 1942--A&O 4.15% 4.15% 4.15% 98 6 4.25 I MICHIGAN (See foot note 4.15% 6 4.25 4.35% 100 Dearborn 5a 1936 94 Detroit— 06a Pub Serv 1933-51—J&J 05 Ha Nov 1 1945 _ J&J 4.60 A&Oj See Foreign Govts, page 93. 4.15% 4.15% 1946-57-M&N A&O 1956-1965 M&S 1972-1975 M&S 1973 I 4.15% 6 4.25 District— Wellesley (Town) < 4s Mar 1 1933-1946—M&S 4.15% 4.20% 4.20% 6 4.50 Water 4.35 4.30 4 H» 1933-1953 F&A Watertown—4s 1932-34—J&J ~4.50~ l~il% 6 4.50 6 5.75 6 5.75 M&N o5Ha Pub Utll '33-'51-J&J 5Ha Sewer 1933-1951—J&J 5.00% 5.00% 5s Pub Impt 1933-51—J&J o5s Jan 15 1936-42—J&J15 85 04 Ha Pub Lib 1948.J&J16 4 Ha Jan 1 1933-1942 ..J&J MA88AOHU8ETT0 85 95 la 1932-52 (tax-exempt)—Var to Water registd 1932-'58-J&J gold July 1 1935—-J&J 1950 ref (tax-exem)-J&J 1937 reg (tax-exem).J&J Water 1942 -J&J n Nominal, o Tax-exempt; under a tow approved March 18 muntoloal corporations are tax-exempt and these, according!?, sett on a /Flat price, 4.25 426 J&J Taunton— 96 94 425 J&J 4Ha 1934 tax-ex 4.10% 435 Springfield 3 Ha 1935 J&J 4s 1935-'44 (tax-ex)—F*A 5% 3.80% * 4s July 1 1948-60 _ 6 5a 1969 8Hs 3H» 3Ha 3Ha that data by J&J (tax-ex) 4s July 1 1932-35 4.15% 4.15% 4.10% 4.15% 4.15% 4 Ha Sewer g 85 1932-'34 4s 1932-1937 tax-ex-_ J&J 15 6 3.00 „ M&S Washington Sub San Dlst— 85 4.10 6 3.00 1933 A&O Waltham 3Ha 1932-45—F&A 4s 1932-1960 F&A Impt 1940 -J&J Mar 1945 M&S Refunding 1952—J&J Sewage Impt 'SO-A&O Oumber'd 4Ha W W *41-A&O Hagerstown— 5s Water 1938-1987—A&O 4Ha 1936-1986 A&O Montgomery Oo 4 Ha 1939-1968 M&N 90 4.00 Audover— Plttsfleld— 8Kb 8 Ha 8Ha 3 Ha 90 4.60% 4.60% 6 4.30 A&O 4a 1933-1957—. Caddo District Levee— 5s 1951 opt 1941 Fifth District Levee— 4a 80 M&N 5B Nov 1958 Sewer 1932-41 (tax 6 3.50 exempt)— —M&N 1933-'35 (tax-ex)-_M&8 6 3 .50 ex-A&O 4a Regla'd atk 4s 1933-1944 85 2.50 4.00 4.25% to 6 4.10 1945-1971 to 4.25 % Newburyport— 4H8 Aug 15 1932-33—F&A16 6 4.10 4Hs Rd & Bdge '32-40 J&D16 6 4.10 4Hs 1932-1942 J&D15 6 4.10 4 Ha 1932-1942 -J&J Annapolis 4HsWW '42-A&O 4a 4 25 6 3.25 Wakefield 4s 1932-1961 4.25 H st in—• J&J J&J M&N M&S 3.50 to 4.25 % 3He Water *32 to '34—J&D Newton 4s 1935 —F&A 1938——J&D 1948 J&D April 1939 A&O 14.00 . 4H» '32-43 (taxexmp) A&O 97 ■louth Portland Sewer Dlst—- F&A15 90" ■ J&D North 1946--—M&S 4Ha Mar 11933-'55—M&S 4Hs Mar 1 1955 M&S 4a Aug I 1951 F&A 4s Annex 1954 J&D 4s Parks 1955 —M&N 4s Mar 1 1961 M&S 4a Aug 1 1961 _F&A 4s School 1933-1939—M&N Baton Rouge—5s '33-'54_M&8 Bossier Dlst Levee 5b "54-A&0 .|4.30 4Ha 1932-34 (tax-ex) -M&N 4Ha 1937 (tax-ex) F&A Lynn— 4s '35-'39 (tax-exmpt)_M&N 4a 1940-51 (tax-exmpt)M&N Maiden 4s '32-'44(tax-ex) F&A 6 3 25 5% 5s registered 85 3Hs Dec 1932 4.30 . (tax-ex)-_F&A 5% 5% 4s Funding F&A15 F&A15 (a 1938-1941 '33-'50 Lawell— 90 5s Gen. Imp. 1943-45—W&S 5s Water 1961 A&O 6 .Kb 1942-1952 F&A15 Atchafalaya Levee DlBt— 5s Sept 1932-1972—M&815 5b Dlst ref & Imp '49..M&S 5b 1933-1969 F&A 4 Ha to 4a Funding 1932-1950 Water ville 3 H8 1935 4.50 4Ha *32-'41 (tax-ex) J&J 4s June 1 1933 tax-ex__J&D to High Sch 1936 tax-exem. Portland Bridge Dlst (taxable) 3 Ha July 1932 to 1939-M&S Portland Water District— 4a 4.20 M&N 6 4.70 1932-1939 1952-1958 H '33-'45 tax 4 Ha 1932-44 6 4.70 4s '35-49 J&D —J&J J&D 15 J&D 15 J&D 15 J&D 15 J&D 15 J&D 15 (a 1933-1934 (a 1935-1937 J&J 96 Portland— 5a Port Oomm'n '33-*59—J&J 4H« High 1934 4.40 '4.70 4.70 3 Ha 1932-1942 tax-ex.M&N 6 3.25 _ 5s 5s Highway Dec 15 5s Dec 31 1938 ,4.40 New Bedford— Water District— Baltimore—5s 1933-1946 LOUISIANA. A&O M&S NT a J&J (taxable) 6.10% n. 4Hs w w 1932-1970.-A&O Warren Oo—4 Ha '34-'59.J&J 4.40 -'4.40 Milton 3Hs 1932 F&A 4s 1933-1937 tax-ex—F&A 5.25 MARYLAND Paducah— 4.40.% Medford— 5.35 4.25% Ref 1943 4.70 to Holyoke— 96 94 6 4.80 4.25% & Park 1941 —-J&J 6 4.35 99 97 1932-1950— 4 Ha Ref 4Hs 1932-1945 —M&N Water District— McOracken Oo—5s 1933- M&S ) Basis. 3.90 96 Jaralner Saco 4s 7o J&J 1970 4a Jan 1 3s Sew 4.25% 4.25% J&J 4Ha Sewer 1969 4b Ref July 1 1937 4b Sewer 1947 3Ha 6.10 4.25% 4.70 14.70 Gardner 4s wat '32-'34-.M&N 3.90 % 6 4.10 4s Ref May 1 4 Ha Jan 1 1970 to 6 4.10 Sangor— 4.80 » 5s 8 D 1938 1 6 4.10 1940 tax-ex—J&J 4.80 Crittenden Oounty— ei/. 4a 1935 & 4s Ref Wat *35 3ath 4a Ref 1941 J&J 4.50 ,4.70 tax-ex—A&O 4a Sept 1 1958— 3.90 to 3.90 6 4.10 ito 3.90 M&S M&S 1938-19391940-1951 to 6 4.10 M&S 4.80, 1932-69 4.50 1933-1937 M&S 4Hs 1938-1941 M&S 4 Ha '32-'34 (tax-ex)—M&N 4a l932-'55 (tax-ex) M&N Augusta 4s Oct 151932-55A&0 6s WW Jan 15'33-'61 J&J 15 WW 1932-51 14.50 -I4.5O 4 Ha 5.50 4b Fdg 1952 opt '42—F&A 4.70 4.50 J&D 4a July 1 1941-1956 River— M&S 3Hs 1932-1933- Covington— 4 Ha School % 4.50 Fall 5.50 F&A A&O 4.70 to 4.50 M&S 1934 Everett— & Bdge 35-39 M&N to Hlghw & Bdge '40-44 M&N (a State Pier 1933-1942—MAR 5.50 4Hs S I *42. *47 A '52 Bowling Green—5b 1955-J&J 4Hs 90 „ Is Hlghw s 4Ha Fdg 1932-48 4 Ha 1936-1960 90 Auburn— M&S MAS 4.50 4.70 J&J tax-ex 4s Oct 1 1946-1949 88 4.00 Franklin (Town) s Ashland—5s 1933-37 to 4.00 to 3Hs May l 46 (reg>_M«N 3s Bridge 1941 F&A Chelsea—4s Park 1936--A&O 90 88 88 6 4.10 5a Hway & Bdge '33-'54-A&O 6 4.10 to Sept 1 1932-1953——M&S 6 4.10 KENTUCKY J&J • Cambridge— MAIN! s Bridge I960- 1 4a 1932-1947 ^5 is 1936-1937 4 92 85 A&O 4.20 4.70 1 1935 _J&J J&D 3Ha June 1 i H« June 1 J&D 3 Ha July 1 1945 J&J Bralntree—4a 1932-1941J&J 15 6 3.00 3 Ha July Shreveport— 5a 1933-1936 F&A 5s Dec 1 1932-1969—J&D 5a Wat Wks Kiv *33-'40M&S 4Ha W W& Sew'32-"54-J&J 4Hs May 2 1932-67-M&N2 Tensas Basin Levee District— 5s Jan 1957 J&J 4.50% 4.50% 1958 3Hs 1932-1951 --M&N 1944 to Tub & Sub'59 tax-ex-J&J 5s Mar 1953 opt 1943-M&S 5a 1965 Series D-. F&A 1948 Tepeka 8 D 4H® 1932-46 Wichita 4Ha 1932-36 Wyandotte Oounty— 6 4.70 4.60% 4His Bridge *33 to '41—F&A 6 4.70 4.60% 4 Ha 1932-1939 6 4.70 4.60% 4 Ha 1940-1945 4Hs 6s 5s 1950 6 4.60 ... 88 88 5a July 1968—-----J&J led River A & B B District— Leavenworth— Leavenworth Oo 5a 1935 McPherson 4 Ha 1945 88 opt 1942—A&O '•ntchartraln District— D 1943 6 3.25 6 3% ex)_M&N 4Hs Dec 1976 J&D 4s July 1936 —J&J 6 3.25 ♦a Apr '33-'37 (tax-ex)-A&O 4s 1932-1939 (tax-ex)—J&J 4s Tunnel & Sub 194S-J&D 4*. Sub 1957 tax-ex—__A&O 5a Oct 1952 Education— or 88 H 95 92 Ask. 4Hs Sept 1 1981 M&S 4Hs Tun 1960 tax-ex—A&O 5a 1945-1967 -----J&D Plaauemlne Parish E Bank— 4.40% 4.40% Kansas 94 H 93 H Orleans Hutchinson— M&S 1935 4a 1932-1945 (tax Boston— 4H* Sept 1 1932-1968.M&S Parish Sch Board— 5a 1936-1944-.. J&D 5 4.20 March Beverley 4s '32-'36(tax ex) A&O J&J J&J J&J 1932-1939 1940-1949 5a July 6 3.00 Arlington 4s'32-'42(tax ex)J&J Attleborongb— Orleans District—- 4Hs 1932-1933 J&J 4H® Soldiers Oompen *34-'62 4b Soldiers Oomp 1953—J&J 4b Soldiers Oomp 1954—J&J Crawford Oo 4 Ha 1939 95 3a gold July 1 1939 J&J 3s gold Water Jan 1 1941-J&J 1950-59—.J&D 4 Ha 1933-39 J&J 4H« 1940-49 J&J 4 Hs 1950-59 J&J 4 H a 1960-67 — -J&J 4Ug 1932-1977 A&O 4b Floating debt 1948.A&0 4s Oonatitatlonal 1942-J&J 4s Public Impt 1950 opt 1942 (old Issue) J&J 4b Pub Impt *42 opt '2I.J&J to 4.25 Bid. Bond*. 3 Ha gold July 1944 M&S 3a Met Sewerage 1936—M&S 5s Pub Belt to 4.25 b 4.50 or Net, 85 New Orleans 5s Marshalltown— Ask. Bid. Bonds. Net, Ask. To or To or Bid. Yield Basis Yield Basis Yield Basis Bonds. 95 BONDS 3 65 4.10 4.10 3.65 3 65 4.10 190» *od which went lot* affeet Sept \ 1909. bonds Issued after better basis 96 STATE AND MUNICIPAL Yield Basis To or Ask. Bid. Bond* Detroit (concluded)— 4hi Jan 1 1943-1957J&J o 4 Ms 1932-1933 M&N o 4 Ms 1934-1935 M&N o 4M« 1936-1937 M&N o4M« 1938-1951 M&N 4MB 1942-1962 J&D 4MB Jan 1 1967 School 1944 — 4MB 1933-1962 4MB 1932-1952-. /ones Co 5s May 2 1944— M&N 6s July 1 1953 J&J 4Ms Sept 1934 M&8 Vtfksburg 5p St 1932.—F&A 89 4Mb Mar 11935-1989— Grand Rapids 5a 1933-34. A&O 4Mb Flood Protec '33. M&S 4Mb Oct 1 1934-1938.-A&O 4MB 1932-1963 F&A 4 Ma 1932 F&A 4Mb 1933-1935 F&A 4Mb 1930-1942 F&A F&A -F&A F&A GrandRapida SchooiDlstrlct— M&S 4s Highland Pari?— 04Ms Sept 16 1934—M&S 04M« April 15 1957 Jackson 4Mb 1932-47.A&O10 4Mb Gen Impt'32-'64-M&N Road 1944-1948 96 M&N M&N J&J16 4MB 1949 93 6s 5s 1935- 5s to 4.35 % bridge & road 4.25 .J&J J&J 4.30 4.30 J&J — 1940 4.30 j&j 4Ms Jan & July 1942 4 Ms 1932-1954. - 4s 1941-1951 1940-1950 1933-1950 4MB 1933 4Ms 1937 4Ms 1946 — 6. b. b. b. 4.25% 4.25% 4.50% 4.50% b. 4.50% J&J b. 4.50% Duluth Ind School DIst— to 4.45 &4~.bb" to 6 4.00 6 4.05 6 4.00 5s 1941 6 4.00 6 4.15 4.50% 4.50% 4.50% 6 4.00 6 4.00 Hennepin County— M&N 6... 4.50% 5Ms Bridge 1932-40-M&N 6... 4.50% 4Mb Sanitorium *32-'42.J&J 6— 4.50% 4Mb Hospital »32-'41.M&N Minneapolis 5s 1932 J&D 64750 4T§0% 5b 1935. *36. '40. '43. '45. :46. '47. '48. '49. "50. J&D b 4.50 4.30% 3aStImpMay2'37-'4lM&N2 b 4.50 4.30% 4Mb 1932-1935b 4.50 4.30% 4 Ms Apr 1933 & 1934. A&O b 4.50 4.30% 4Mb Apr 1935 A&O b 4.50 4.30% 4Ms Apr 1936 & 1937.A&0 b 4.50 4.30% 4Ms Apr 1938-1939—A&O b 4.50 4.30% 4Mb Apr 1940-1952—A&O b 4.50 4.30% iy»u 1933-iW«7 ——A&O b 4.50 4.30% b 4.50 4Mb School 1932-1941 4,30% 4Mb 1933-1934 A&O b 4.50 4.30% 4Ms 1935-1940 A&O b 4.50 4.30~ 4s School Jan 1 1935—-J&J b 4.50 4.30 4s Improvement 1942.J&D b 4.50 4.30 4s 1944--.. A&O 6 4.50 4.30% 3Mb 1932-1941 M&N b 4.50 4.30% 8Mb Water Wka 1932- J&J b 4.50 4.30% Ramsey Co 4Mb *32-'50.F&A b. 4.50% 4Mb Dec 1 1935-1950-J&D 6.. 4.50 4Mb Kd&Bdge '38-'44 M&N 4.50 4.70 4Mb Rd&Bdge *33-'37 M&N 6.. 4.70 vo 4Mb Rd&Bdge *32-'43 J&D 6.. 1 Paul— Qb Sc July 1 '61-J&J 6.. 4.75% 4Mb W W 1932-42—A&O b.. 4.70% 6a School July 1 1961—J&J 4.75% 5s Gen'l impt 1933-62. J&J b.. 4.50% 4Mb July 1935 J&J 6-. 4.50% 4Mb Sewer July 1 *43—J&J 6-. 4.50% 4.50% 4Mb Water Aug 1 '43-F&A5.. 4Mb July 1 1955 J&J6-. 4.50% 4Mb 1933-1937 J&J 6.. 4.50% 4Mb 1938-1959. J&J b.. 4.50% 4s 1933—£ A&O 5.. 4.50% 4a 1934-1935 A&O 5_. 4.50% 4a 1936-1939 A&O 6.. 4.50% 4a 1940-1961 A&O b. 4.50% South 8t Paul 5M« ref '33. J&J b. 0a Bridge 1932-40 - M&S b 6.50 to 6.25 A&O b 6.50 to 6.25 6 6.50 to 6.25 J&J 6 6.50 J&J 6 6.50 to 6.25 to 6.25 A&O District— Lincoln School District— 4Mb 1932-1953 M&N McOook Fund 5a '34r43.F&A Norfolk 4Mb ref 1945optM&S North Platte Sch DIst— 4Mb 1940-50 -J&J Omaha 4Ms ref 1933 J&J 4Mb Wat wka Dec 15 '41J&J 4Mb May 11960 M&N 5b 1948 J&D Omaha SD 4Mb Mayl'66 M&N Scotta bluff— 4Mb Ref '42. opt '32.M&N Scottsbluff 5Ms School District— 1942. opt 1932—A&O Fork School District— 4Mb 1936-55 Nominal, d Naw paid by N. Y. City. J&J to 8% J&J to 6.50 J&J F&A tp 0.50 to 6.50 4Mb Funding 1945 4Mb School 1932 F&A 4M« School 1933 —F&A 4Ms School 1934-66—F&A to 6.50 to 6.50 to 6.50 to 6.50 Belleville 5s 1934 & *44.M&N Belleville S D 6s '32-'44M&N to 6.50 to 6.50 to 6 4.00 1 to 5.75 to 5.75 J&D % to 5.75 A&O % 4Mb Aug 1932-1938—F&A to 5.75 4s Court Hse '33-"38.-A&0 i to 5.75 % to 4.45 to 4.45 Bloomfield— % 4Mb Dec 15 1932-04. 4^00 4.35 4.35 to 4.35 4J00 4.25 4.35 4.25 to 4.50 % 4.60 4.30 4.35 to 4.15 4°..15 4.15 6 4.00 to 4.15 6 4.00 6 4.15 to 4.20 to 4.20 % % % 4.10 6 4.10 to 4.15 % 6 4.15 6 4.10 to 4.20 to 4.15 % 4°.7b 99 I % 5.75 to 5.75 to 4.50 % 4.50 100M 96 95 98 99 96 100 90 5% 90 to 6.25 4Mb 1932 J&D15 6 6.50 4Mb 1933 to 1969—J&D 16 6.50 Bridgeton (City)— 4Mb 1932-1933— J&D 4 Ms 1934-1935 J&D 4Mb 1936-1942 —j&d 4 Ms 1943-1949... J&D to 6.25 4 Ms 4 Ms 1950-1954 J&D 1955-1958 J&D Bogota (Bore) 6» *32-'33-J&D 4 Ms 1932-1940 J&D Bound Brook 4 Ms *32-'42 J&D 5.50 96 97 96 4.60 4.60 4.25 4.40 4.70 4MB 1935-1957 4Mb 4Mb 4M» 4Mb 4s 1932-1904.. 1932-1934— 1935 & 1930 1937-1970 1944 5.25 5.50 4.60 to 7 7 7 b 6.50 b 6.50 to 6.00 b 0.50 6 6.50 to 6.00 6 5s 1934-1935 M&S 6 8% 5s 1936-1940 M&S 6 8% East Orange 4Ms'32-'46_F&A 5 5.50 " J&D 5 5.50 J&D 5 5.50 J&J 5 5.50 A&O 5 5.50 J&D 5 5.50 J&J 5 6.50 Elizabeth—4 M a 1955 4MB 1933 A&O 5 6.50 4Mb 1934-1957 A&O 5 6.50 6Ms Dec 1 1932-1940.J&D 5 6.50 6s 1934-1972 J&J Englewood—4s Sept '35.M&S Essex Co 4Mb Road "35--F&A 6s Apr 1 1932 A&O 4Mb 1932-1933 M&S15 4MB 1934-1935 M&S15 4Mb 1930-1949 M&S15 4Mb 1950-1960 M&S16 4Mb Road 1932-1930.-F&A 4s Hospital 1940...._F&A 3.05s Park *33 to '35..F&A Essex Fells (Boro) fcs July 28 1932-1960 4 Ms Bldg&Rd'32-*45 J&D20 Hackensack—4Mb 1942.F&A 4Mb Tmp 1033-1942... J&J 6s 1933-1954 F&A Hoboken—4Mb 1940 J&J 5s School 1933-1954..-J&J Hudson Co—4Mb 1948..A&O 4Mb May 1 i960 M&N 4Mb 1932 M&N15 4Mb 1933-1978. M&N15 4s g Park 1954 & '59..M&N 4s gold refunding 1935.F&A 4Mb July 15 '32-'34__J&J15 4Mb July 15 *35-74.. &J15 4.25 6.50 6.50 to 8% 4Mb School 1933-1951 _M&8 b 8% 4Mb 1933-1952 M&S 5 8% Cape May Co 6« 1933 M&S 5 8% Gloucester 4.20 to to J&J b 6.50 J&J b 6.50 Cape May—5s 1934....J&D 4.20 4.20 4.20 4.20 to 6.50 to J&J b 6.50 J&J 6 6.50 4.80 4.70 6.50 to 6.50 to 6.50 b 6.50 J&J b 6.50 F&A b 6.50 Falrview—5s 1944 4.60 GloucesterClty4 Ms'32-66J&D 5 Ms Water 1937-1955 4.50 to 6.25 to Brlgaptine 5Ms Sew '33..J&J Camden 6 Ms 1932-61 F&A 4Mb School 1943 A&O 4Mb Water '32 to '60-M&N 4 Ms 1942-1969 J&J Camden Co 4Mb 1933..F&A 4s 1934 4s Water 1933. 95 to J&D 6 6.50 4Ms 1932 4 Ms 1933-1969 5s Sewer 1933-1960 99 94 NEBRASKA Sch to 7% A&O to 5.75 4.15 5Ms Sewer *35 to '39.-J&J 6 5.25 4Mb Wat & Sew '33-'50_J&J 87 90 Kalispeli 6s 1933 J&J Lincoln Co 5s *33 op '27..J&J 93 Phillips OoSsDec '35 op'33J&J 93 island 7% to 7% to 7% to 7% to 7% to 7% 6s Dec 1944 J&D 6s Dec 15 1932-1966.J&D 16 Ireat Falls— 4H» Ref 1932^0. opt 1930 Holdrege 8 D 5b 1939-52- J&D Kearney— 4Mb Sch '44. opt 1929.J&D 7% to 7% 5Ms Dec 15 1932-60.J&D15 4.35 4Mb 1932-1943 M&N 6 4.00 4MB 1942-1949——J&J15 Grand to to 1936-57..A&O ..M&N f<m-1942 7% % % University City— Douglas County— 5a Highway 1942 to to 7% to 7% to 4.35 4a 1940 BeatrlceRef 5a '44 opt '34 A&O Beatrice S D 5s 1932-54—F&A to 8% to 7% 4.10s 1932-1934 4Mb Jan 1 1933 4 Ms 1932-1953 8% to 8% 5 Ms Dec 1 to 4.35 - MONTANA 5Mb Educational 1941 J&J 4Mb Educational 1944—.J&J Billings 5s 1934 op 1929-J&J Butte 5s 1933-1930 J&J 6« 1941.. J&J Daniels Co 6b 1933-1942—. to to 4.35 _J&J 3Ms 1941-1951 3t Joseph 4Mb '32-*45—M&S 6 4.00 St Joseph 4Mb ref 1951 St Joseph S D 4Mb 1935 4Mb Public Blag & Imp 1932-1943 J&J 4Mb 1935-1939. F&A 1MB 1940-1953 F&A 4MB W W 1932-1945—A&O 4MB 1933-1948 M&N 4Mb 1941-1948 M&N 4b 1936 M&N 4a 1937-1940 M&N 4b 1941-1945 M&N 4B 1946-1951 M&N Springfield 4Msl934-49.M&N 4Mb Bridge to 4.10 to 4.10 % to 8% to 8% Aclan Co. 4Mb 1933-35—A&O Audub S D 0s *32-'40 B&yonne 5s 1933-1949 to 4.10 6 4.25 J&J 6 4.20 4Mb 1933-1939 4*35 to 4.35 St Louis 4Mb Bridge '35.A&O 5Mb 1930. 1931. 1940-A&O 4M0 Feb 1 "40 op '30—F&A 4» 1934 opt 1924 A&O to 4.10 to 4.10 ..F&A F&A 5s 1948-1968 4.10, % to 4.10 6 4.20 Asbury Park (City)— 4Mb 1935-1939—..M&N 4Mb 1934-1953 M&N 4Mb 1936-1940 M&8 4Mb 1951-1960 M&S 4 Mi 1932-1970 M&N Aclan City 4Mb 1932-38--J&J 4Ms 1938-1958 J&J 4Mb Paving 1938 J&J 4Mb Jan 1 1946 J&J 4Mb June 1 1932-66.J&D 4 40s 1933-1954. M&S 5a 1933-1934 F&A 5a 1935-1939 F&A 5s 1940-1947 to to 4.10 6 4.25 6 4.20 Bergen Co 5Ms "32-34J&D to 4.35 J&J J&J 6 4.20 —J&J J&J J&J . ; 4.20 6 4.20 6 4.20 -L30 J&J 4 Ms 4 Ms minnesota 4.30 6 4.00 J&J J&J 4Ms 1932-1943. J&J 4Ms 1933-1955 A&O 4MB 1932-1947 J&D 4Ms Airport 1932-'54-A&0 4s Airport 1936-1951 4s Auditorium 1932-1970 4s Various 1932-1970-M&N Kansas City S D 4s 1932.-J&J Wyandotte 4Mb 1934—-J&D 4.25 J&J - 4 Ms Various 1932-72 ------ 4Mb 1940-1951 M&8 6Mb Sewer 1932-1642 F&A 0s Wat Impt 1932-35-J&D 0s Wat Impt 1936-60-.J&D Saginaw 4Ms sew 32-'33.J&J 4Ms Sewer 1932-1949.F&A 4M8 Sewer 1932 J&D 4Mb Sewer 1933-1951.-J&D 4MbWat Jan 2 '33-'39.J&J Wayne County— 4Mb bldg&bdge ,32-,89M&N 4MB 1942-1949 A&O 4Ms 1932-1941 A&O J&J 0 4.20 —-J&J 1939 5s water 1939— *33-"47—M&S n 4.10 4.10 4.15 4.10 4.15 J&J 6 4.20 to 4.35 % J&J15 6 4.20 to4.35 % 4 35 J&D 1935 sewer 4M« Pontiac—4Mb / Flat orice. 4.15 4.00 _ 4 Ms A Basis. 4.10 4 Ms Road 1937-52 6 4.25" to 4.35 6 4.25 to 4.35 4Ms Court House 1937-52 Joplin Sch Disc 4Ms 1943-'484.60 Kansas City 4 Ms 1933—M&S 4.00 4 Ms 1935 J&J 4.20 4s 1935 —J&J 4.20 J&J3 Muskegon S D 5b 1942—Jul> 4Mb 4.05 A&O 4 Ms 1936-50 — 5Mb 6Mb 4Mb 4Mb 4.10 4.15 1932-1__ Tackson Co 4s I933-'51. 4 Ms 1934-1950 o4Mb Jan 3 1933-'36-J&J3 4Mb 1937-194 H J&D Muskegon 4Ms 1933-'44._J&J 4s May 1 1934 M&N 4s 1932-1933 F&A 4s 1934-1938 F&A 4s 1939-1961 F&A MISSISSIPPI Impt 1933-1946 April 1933-1934 1932-1950 1932-1934 Impt 1953 6.50 6.50 6.50 6.50 4s Nov 1 1948-1952——M&N 3M» 1948-1952 6—— 4Ks Road 1938-42 Jackson Un SD 4b 1S32-1940 3M8 Inst Oonstr 1950-'66_J&J 4 Ms Koad & bdge 1933—J&J 4Ms Road & bdge 1938..J&J 4Mb 1940 .J&J 4Ms Highway *54 opt '39.J&J 4Mb 1955 opt 1940 J&J Road 1948-1950—M&S 4 HS 1933-1937 A«U 4Mb 1938 & 1939 A&O 4MB 1943-1946 _M&S 4b Road 1933-34 Ser D..M&S 40 1943-1947M&S F&A 4Mb July 15 1943—-J&J16 4Mb Dec 1 1939 J&D Duluth 4Mb 1932-1947—J&J 4Mb 1932-1942 M&N 4sWater & Light 1936.A&O NEW JERSEY 3 Ma Inst Oonstr 1942-'49.J&J 4Mb 3 Mb 1942-1961 1941-1957 Pembroke 4b '32-*34 F&A Stratford 5s May 1933-1954-. MISSOURI March - 3Mb 1938-1941 4a 1932-1934 4b Road 1950 F&A 4MB 1932-19364MB 1937-1945 Lansing o6b 1932 o5h Jan 3 1933 4a 4s 1935-1940 4s 1941-1945 6.50 Yaxoo-MIss Delta Levee Dlst5s 1932-1954 M&N 4Mb July 1949 J&J 4s 1952 optional 1922—J&J J&J 'AD M&S Manchester— 6.50 6.50 6.50 6.50 ,5s Pub Imp 1932-48.—F&A 87 1932-1948 4Mb '38. '40, '42. '44.M&N Keene4Ms 1931M942 M&N 6.50 6.25 58 Net. 4Mb Highway 1934-43-J&D Concord 4 Ms 1942 J&D 6.50 6.25 4Mb School House 1941 J&J Ask. HAMPSHIRE June 1932-1938 4s Highway 1934-43 4Mb May 14 1932-1933 6.75 to 6.25 6.50 6.25 M&N 1932-1942—M&N July 4b Mississippi Levee District— (Mar 15 & Apr 1) '33- 50 4M 1932-1943 NEW 4b to 6.25 Meridian 6s Dec 1 1939.-J&D Flint Union Schoo 1 DIst— 5s 1933-1954 —M&S 3 Mb 1932-1933 3Ms 1934-1937... 6.75 to 6.50 6.75 to 6.50 6.75 to 6.50 6.75 to 6.50 6.75 to 6.50 6.25 Bid. Bonds 5Ms 1933-1941—A&O 6 12% tol0% Harrison Co 5Ms 1940-50 F&A 6 10% 8% lackson 5 Ms July 1 1933-J&J 6.75 to 6.25 5Ms 1933-1964 6.75 to 6.25 A&O 5s June 1 1932 6.75 to 6.25 J&D - 48 1932-1953 4a 1943-1960 Flood 1932- 53 .—A&O July 1 1932-1935 J&J July 1 1936 J&J To or Ask. Blloxl o4s School 1940 o5s Bid. Bonds. State 1934 opt 1914—J&J Greenville 6s fund '43-'60 F&A M&S M&N 048 May 15 1950...M&N 16 o4» May 11961 M&N ©Flint 4 M» '32-,54.._jM&S16 4Ms 1933-1937— J&D 4s Yield Basis or Net. 4Mb 4Mb 1Mb 8Mb M&N16 M&N15 M&N15 4MB 1932 4MB 1933-1934 4MB 1935-1960 BONDS Yield Basis to 6.00 to 6.00 to 6.00 to 6.00 to 6.00 to 6.00 to 6.00 to 6.00 to 6.00 to 7% 7% ?s 7% 7% to 6.75 % to 5.75 to 5.75 to 5.75 to 5.75 I i to 5.75 % to 5.75 to 5.75 t to 5.75 % to 5.75 I'M to 5*5". 75" to % 5.70 5.50 % 5% 5.25 5.25 % to 5.25 6 5.75 5 5.75 5 6.75 5 5.75 b 5.75 5 5.75 to to 5.25 % % 5% to 4.75 % to 4.75 % to to 5% 5 6.50 to 6% 9% 9% 9% to to 8% 8% 8% to Co— to to to 7% 6% 6% to 6% to 0% to 6% to 6% to 5.50 to to to to to 5.50 5 .50 5.50 5.50 5.50 to 5.50 Ask. 4on Hunterdon County— to Bid. Bonda Net. Orange—4s '32 to 1933-1962 Ask. 4Mb School 1932-68 J&D 4Hb School 1946 -J&J 4Mb Water 1961 A&O 4Mb 1932-1966.. J&D 4a Refunding 1949 F&A Keansburg 6 Ms Kearny 4Ms 1936F&A 4Ha Water 1932-1962 M&N 4Hs Water 1932-'34_J&1>15 4H« Water 1935-70.J&D16 4Mb Sch I nipt '32-"52.J&D 5Hs 1933-1949 J&D 5Ha 1950-1970 J&D Lodl—5s 1933-1947 J&J b 6.25 to 5.50 b 6 25 b 6.25 to 5.50 Tenafly 4Mb 1933 F&A 1934-1963 —-f&A b 6 25 to b 6.25 b 9% to 5.50 \uburn—4Mb 1932-1934 J&J tlinghamton—4a '33-'30-F&A b b 4Mb 1932-1971 var 8Mb Bridge 1935*-&A Brighton <T)5s 1932-1942M&N Co 4Mb '37-"44—M&S Impt 1932-1955---M&N b 9.00 reaneck (Twin 5Ms 32 38.— b 6.50 b 6.50 to b 6.50 to b 6.50 to b 6.50 to to 4Mb 1932-1969 4Mb 1932-1967 J&£ 4Mb 1932-1968 J&D Summit 4Ms Sch 1941—-F&A 4a 1933— M&N 4Mb Imp & Sch'32-'38-J&D 4 mb Imp & Sch '39-'60-J&D 6% b 6.50 6% b 6 25" b 6 25 M&N J&D Lyndhurst 58 1932-1957..J&J Maplewood (Township) 4s 1932-33 J&D 15 4s 1934-35 J&D15 100 M to 5.50 Sussex to 5.50 ?! 48 to 5.50 to 7% to 7% to 7% to 7% fronton 5m" to to to 9% 9% to b 6.60 to A&O 5s School 1935--A&O 5s School 1936-1937—A&O 5s School 1938-1939—A&O 5s School 1940-1955—A&O 4mb Water 1943 a&O to 4Hs 1933-1939 4Ms 1940-1966 4M« 1933-1934 5.50 to 5.50 % to 5.50 b 6.50 to 5.50 b 6.60 b 6.60 to 5.60 b 6.50 b 6.50 to 6.50 Ml to 5.50 J&D15 b Mercer Co—4Ha 1933..-J&J b 8a Road 1933 J&D 8Ha April 1941 A&O 5H« July 1 1937 J&J 6s Road&Bdge. '32-'34 F&A Middlesex Co 4Ha '33-'34.J&J b 4Mb Fund July 1932-1939- b 4 Ha Road 1933-44 I&A2 b to 6.25 to 6.25 b 5.25 b 5-25 to 5.00 b 5.25 b 5.25 to 5.00 to 5 00 to 5.00 b 5.25 F&A 6.50 to 5.00 to 5.50 to 5 50 to 5.50 to 5 50 to 5.50 6% 6% 6% to 6.50 to 6.50 to b 6.25 to 5.00 5Ms 1932-1939 5Ms 1940-1949 6MB 1950-1960 to 6.25 Columbia Co 4 Ms to 5,50 to 4Ha Mar 15 •33-*50-M&8 4H* Rd&Bdg '32-'51 F&A15 Montclalr 4Mb Sch 1941-A&O 4Ha High Scb Bldg '44-J&D 8Ha School 1932 J&J to to 5.50 5 Ms % to 5 50 to 5.50 to b 6.50 to 5.50 b 6.50 to 5.50 b 6.50 to 5.50 b 6.50 to 5.50 l&j b to Mun Bldg *33-'68-A&0 b 8% 6 s 9% M&S 1933-1950----—M&S Westfleld 5s June 15 32- 60J&D b 9% 9% b op*51 J&D J&D J&D J&D J&D J&D 4a 1932-33 4b 1934-35 4s 1936-37 5.50; % b 5.75 to 5.50 b 5 75 to 5.50 b 5.75 to 5.50 b 5.75 to b 5.75 to BrunswIck4M»32-57F&A b 6.50 4Mb Sch & Watr32-*69 J&D b 6.50 4Mb 1932-1967 J&D b 6.60 North Arlington (Borough) to 9% 9% to 4s 1943-70.. 8Mb Track Eler 1954.F&A Vails burg 4Mb 1934..-J&J New 5Hs Impt 1933-1935 6s Impt 1933-1935. North Bergen 5s 1941 6a School 1932-58 5.50 5.50 6% 6% 6% to to 8% 8% to 75 50 J&D M&8 Nutley S D 4Mb *33-'42. F&A 4Mb 1943-1967— ...F&A 5M« Nov 15 1932-39-M&N Ocean City—6s 1944 F&A 4Mb Impt May 15 1938-'56. Ocean Co 4Ms '32 *33--J&D 4M" 1934-1950 J&D 75 50 9% 9% 7% to 7% to 6% 6% 6% 8% 8% 6% 6% b 6.50 to 6.00 7% ?8 to to to to to Orange— F&A 4Mb 8cbooI 1943 J&D 4Mb Sewer 1932-1964.A&O 4s School House 1934..J&D 5b Water 1938 b 6.50 to 6 00 b 6.50 6-00 to 6.00 to 6.25 to 6.25 to 6.25 to 6.25 to 6 25 to 6.25 b 6.50 M&S, b Passaic 4Mb 1933-40 7.00 6Hfl Gen Imp 32-'44-J&D b 5Mb Gen Imp '45-*61-J&D b 6i Imp 1932-1948 M&Njb 7.00 7.00 7.00 5a Water 1935 —M&N b 7.00 4Ma Refunding 1944..M&N b 7.00 4Mb Water 1939-70 J&J b 7.00 Passaic Co 4Mb 1932-1936 J&J b 6.50 4MB 1937-1946 J&J b 6.50 4Mb 1932-1968 J&D b 6.50 Paterson 5M« *32-'34-M&N b 6.50 5H» 1935-1959 M&N b 6.50 4Mb Feb 1 1945 F&A b 6.50 4Hs 1932-1967 A&O b 6.50 4s N C Hall 1932 J&J b 6.50 Perth Amboy 4Mb Apr 1944— b 8% 8% 4Mb Water 1933-34—M&S2 4Mb Water 1935-64..M&S2 4Ms School 1933-1960-A&O M&N 4Mb 1932-1962 yarlous Rahway 4Mb 1932-344 Ms 1935-1936 4MB 1932-1934 4MB 1935-1936 Ramsey 5a Water 1932-1940— Red Bank (Borough)— 4 Ha 1932-1953 M&N Rldgewood 4Mb 1932-62.M&N 6 Mb 1932-1939 J&J 4MB to to 6.25 to 6.00 to 6.00 to 6 .00 to 6.25 to 6.25 to b-25 to 6.25 to 6.25 to to to 7 7 i% to 7% 7% to 7% 8% to if 4Mb School 1938. F&A 5a Feb. 1936-1977 Plalnfleld—4a 1932 lo'84-J&D 4a School 1959 el 7% to 5.50 to 5.50 6% to 5.50 b 6.50 b 6.50 to 5.75 to 5.75 b 6.50 to 5.75 b 6.50 b 8% to 5.75 to 7% • State 5.75 % 6.50 % 90 '21—A&O 5s March 1933-1935 M&S 7% 4Mb Highway 1963 4Ha Canal 1964-— 4Mb Canal 1965 4Mb Highway 1965 M&8 J&J -J&J 97 97 92 "lOO to 3.80 to 5.50 % 4.15 4.25 4.20 to to .1 to to to Mb'33-'59 A&O to 5.50 6% 6.50 to 5 .50 6.50 6.50 to 6.50 6% 6% to to 6% 6% 6% 6% to 5.50 to to 5.50 6% to 5.50 6% to 5.50 6% 6% 6% 6% 6% 6% 6% 6% 5.75 5.25 -M&S 4mb 1934-1947.-F&A to 5.50 % to 5.50 % DiBt—- 4Mb 1932-1934 J&J 4Mb 1935-1905 J&J 4.70a 1935-1965 J&J Huntlngton(T)4s *33-'52_J&J Islip (T) 4b 1933 M&S 4s 1934-1935 M&S 4a 1930-1937 -M&S 4a 1938-1951 M&S Irytngton 4.10s '32-*3fl—A&O to 5.50 % to 5.50 % to 5.50 % to 5.60 to to 5.50 to 5 25 to 4Mb 1932-1933 A&OIS 4Mb 1934-1940 A&015 5»'32-'39.J&D Johnstown 4Mb Dec 1932-*37. JKings Co 4a May 1 ,32-'44-_ Kingston 3 Ms g '33-'30—A&O Lackawanna 4 Ms'32-'54 M&N Lockport 4Mb 1932-1944 5.25 5.25 5.25 5 25 to Jamestown 8 D 4.40s b 3-80 5s 5 3.80 1943-1949 1933-1942 Long Reach 5M* b 3-80 5 3.80 5 3 80 5% 5% to 5% to 5% 5% b 5.25 to b 5.25 to 5% b 6.50 b 5.75 to b 5.75 to 6.50 to 5.50 M&F b 5.75 b 5.75 ...M&F '32-'60-M&N 6% to 5.50 % I to 5.50 to 5 50 % 6 5Ms 1933-1934 J&D 5H b 1935-1940 J&D 5Hs 1941-1960 J&D Mamaroneck (T )4 M b*32-64J&J b Mamaroneck UnFSD No 1— 5 3-80 to 5% 5% b 5 75 4Mb 1943-1949 4Mb Sch 1932-1944 b 3-80 5.50 to 5% A&O — "Q to 5.50 5.25 lamest'n 4s Mar 20 1943 b 3.80 b 3.80 ! 1 25 5.25 5.25 5.25 % 5-25 % 5.25 % 6% Ithaca—4H» Water 1942.J&J 4MB 1940-1954 .J&J b 3-80 b 3.80 6 6 3.70 6 6% to 5.50 % M&N J&J J&J 3.90s J&J Middleport 4.35s '32-'42-J&D 5 3 80 6% 6% 6% 6% 6% to 5 .50 J&D F&A 3.90 Co Bldg *34-'60—F&A Mlneola (V) 4.40s 1933-68 J&J Mt Vernon 4mb '33-I3--A&0 5 MB 1933-1934.. A&O 5Hb 1935-1941 A&O 4Mb School 1902-73—M&N 4b Sewerage 1950-55—M&N 5b Jan 2 1938 J&J Nassau Co—5s '33-'39M&N 5Ms 1937 M&S 15 4Mb 1933-1934 A&O 4Mb 1935-1944 A&O 4Mb 1932-1940 M&S 4b 1932-1939 M&N 3Ms 1944-1950 —J&J 3Ms 1951-1961 J&J Newburgh 4Mb *33-'34—F&A 4 Wat Imp 1942-62 J&J 4Mb Wat Imp 1932-41-J&J New RocheUe 5s *32-'50 M&N 4 Hs 1933-1934 M&N a 1935-1936 M&N s 1937-1944 M&N 9 1945-1965 M&N is 1932-1934 M&N 4MB 1935-1903— M&N 8 Hi 1932 to 1933 J&D 8% 575 5.75 to 5.50 5.75 to 4.90 to 5.50 % 4.50 to 4.50 % 5 Ms May 1 '32-"52 5 3.80 3.90b b 3.70 3.90s 5 3.70 5 3.80 4a Apr 15 1940-1955-.A&O15 5 3.80 3 M b St Ins Bldg '33-78 _M&S 5 3.80 3 Hs Mar 15 1933 M&S 16 5 3.50 3 Ms Mar 15 '34-'35 M&S 16 5 3.75 4Mb 1933-1972M&N Allegany Co 4Ma'33-'36-M&S Amherst 4H» 1933-'66-_ M&S 5 Ms 1932 M&N 5 Ms 1933-1936 M&N 6Mi 1937-1947 M&N 4% 4.25 J&Jb Hornell b 3.80 1935-19301937-19391940-1904 4.35s Sewer '32-*39 Monroe Co 4a 1933-44 5 3.75 6 3.75 5 3.50 5 3.65 5 3.75 5 3.75 98 101 98 101 98 101 98 101 4.15 4.25 % 20 % 52.50 to 5 2.50 to 4 5 2.50 to 5 3.50 5_ to 4.20 3% % 4.30 5 2.50 to 4.25 % 4% 5 2.50 to 5 4.15 to 4.25 b'2.50 to "3% 5 3.50 to 4% J&D 54.15 4.40,% to to 5 Hudson RIv Regulating b 3.80 *33-'63-J&J J&D J&D to 3% to to 4,75 92 b 3.80 5 2.50 b 2.50 M&S b 4.25 *33-'40-M&S b 5.50 Freeport 4.20 Ser'32-45M&N b 5.50 4.20 sewer 1946-1960-M&N b 5.50 4ks 1932-1951 M&N b 5.50 4.40s 1932-1950 M&N b 5.50 Varden City 4 Ms 1932-52. J&J.& 5.50 80 b 3.80 4Mb 1932-1960 M&S 3 Ma Fund 1932-1941—M&N Albany 4mb '32-'33 M&N 4Mb 1934-1939 M&N ' 4Mb 1940-1969 M&N 4Mb Water 1932 M&N 4Mb 1932-1964 J&D 4Mb 1932-1935 -J&D 4Mb 1936-1970 J&D to 4.50 % 6a 1933-1954 b 3.75 3mb Mar 15 '36-'39-M&S 16 3Ms Mar 15 '40-*81-M&8 16 3 Hi Mar 15 1933 M&S 15 3 Ks Mar 15 '34-*35-M&S 16 3 Hs Mar 16 '36-'39—M&S 16 3 Hs Mar 15 '40-'81-M&S 15 3b g Jan 1 1956 J&J 3b g July 1 1958 J&J 3* g Canal Jan 1 1959—J&J 3b Canal 1957-69 J&J Albany Co 4Mb 1936-38.M&N 5 4.40 b 3.50 b 4% Hempstead 4 Hs 1932-65 M&S Hempstead On F 8 D No 1— 107 107 103 m * 4.75 4.50 Franklin Co 4Mb Hemps tead(T)4 97 % % to 4.75 4.65 Greenburgh U S Sch Dlst No 9| 4.40s 1933-1965 J&DA Groton 6s Wat '33-'50—M&N 6 Harrison (T) 4Mb *33-'35 F&A ft 4Mb 1936-1980 F&AI& Bayeratraw 4.12s '32-'37 M&S b 110 M&8 4Mb Barge Canal 1945—-J&J 4Mb Bonus 1933-1939 A&O 4Mb Bonus 1940-1949—A&O 4a Canal Term 1942 J&J 4s Canal Term Jan 1946- -J&J 4b g High Imp Mar 1958 M&S 4b g High Imp Sept 1958 M&8 4b High Imp Mar 1960 M&S 4s Canal Imp July 1960—J&J la Canal Imp Jan 1961 J&J 4b Canal Imp July 1961—J&J 4b Hlghw Imp Mar *61—M&F is Palisade Park 1961—M&S 4b Canal Jan 1962 J&J ia Highw Imp Mar '62--B4&F 4b Canal Imp Jan 1967 J&J 4b Hlghw Imp Mar *87 M&S 4b Palisades Park 1907—M&F 4b Bldg constr '32-'39—_M&8 i« Bldg constr *40-'49 M&8 la Grade Croae &c *32-33.M&S la Grade Cross &c *34-36. M&8 4d St Inst Bldg "32-*53 M&S to 4*50 % J&D M&S 1939-1959 Greenburgh (T)— 4s 1934-1951 100 b 3.75 b 3.90 5« Jan & Mar 1 1936-1945-— 5s Jan 1933-1935 J&J b 3 75 b 3 90 5b Jan & Mar 1946-1970 110 Subject (• taxation. By an amendment to the constitution of Ohio adopted subject t« taxation Bonds issued prior to Jan. 1 1913 are exempt from % 6% to to 4 75 4% 4% b 4Mb 1932-1933—J&D b 3.50 1934-1935 J&D 1936-1938 J&D 4s 1946-1953 to to 4*75 Essex Co 4b 1933-1950—. to to 4.20 I20 % 4.20 3 Ms 1940-1971 J&D b Alb Pt Dist 4mb '32-71—F&A J&D J&J J&J 1934-73- are 8% YORK. 3 Mb 1936-1939 4Mb 1932-1933 4MB 1934-1952 South Jersey Port District 4Hs Marine Term NEW 4b Munlc & Sch Rlyerslde 6s 1932-1933-A&0 Sea Isle City 5s 1942 F&A Somerset Co 4Mb 1932-49 8% b 6.75 3 Mb 1932-1933 3 Ha 1934-1935— M&N 1932-1968 Socorro Co 5fl '41 op to to % to 5.50 b 5.75 4s 1938-42 8 to 5.50 % b 5 75 8% to 5.75 , to to b 6.75 to 5.50 % 4Mb 1933-1968—-----A&O J&J b 7% to 5.50 % West New York 5s 1938-M&S 3 Mb 1933-1934 J&D 15 b 6.50 to West Orange (T) 6s *38- M&S 5.50,% 3Ms 1935-1938-...J&D 15 b 8% to 5.50 % Woodbrldge 6s 1933—A&O 5 3Ms 1939-1949 J&D 15 to 5.50 % Morrlstown 4 Ha "32-*42. J&D to 5.50; % 48 1933-1936M&N NEW MEXICO to 5.50;% 4a 1937-1940 M&N 95 to 5.50 % Highway 1935-1940—J&J 48 1941-1969... M&N 95 to 5.50 % 5Hs Highway 1935-1940-J&J Newark—-4Mb 1944 F&A 95 6 4Mb Ref 1953 opt 1933—J*J 6s 1933-1935 M&S 95 5.75 4mb Dec 16 1962 opt '22-J&D 6s 1936-1972 M&S 90 to 5.50 % 4b Fund 1939 opt 1919—M&S 6Hs Oct 15'32 to 69 AdfcOlo b 5.75 4b Highway 1932-1944—J&J 6s 1932-1968 J&J b 5.75 to 5.50 % "95" b 5.75 to 5.50 % Albuquerque 5s W W 1982J&D 4M« 1933-1969 M&815 95 b 5.75 to 5.50 4MB 1933-1950 J&J , 4Mb Dock 1959 f&A 4Mb 1933-1950 J&J 4Mb Apr 15 '32-'61.A&016 b 5.75 to 5.50 % b 5 75 to 5.50 % Middle Rio Grande Gonser4Ms School Dec 1 '45..J&D 75 Dist 5H« "34-73 F&A 4s Sch House 1959 opt 1949 b 5.75 to 5.50 % b 5.75 7% .,,8 Vlneland (Boro)— 6Hb 1933-1934 5Hb to5.50;% *96.J&J b 6.50 '33-'34—M&F 4s 1935-1937 M&F 4s 1938-1946 M&F 4s 1947-1954 -M&F East Chester 4M« '33 '34 F&y* 4Mb 1935-1958 -F&/ Elmtra—4a 1935 M&f s Water 1932-'45__A&0 s Apr 1 1933-1936—~— to 4% Portland Co 4Mb '32-'51-J&J b Delaware Co 4.20s'32-*52 A&O b Dutchess Co 4s 1933-1937--—M&N %<4 5.25 525 to 5.50 5.50 5.50 % % 4.20 to 4.20 b~4%" to 5.50 Township Sch Dlst— 4.20 % 6.50 b 6.50 b 6.50 4mb 1932-1968.— Valisburg—See Newark. Ventnor City— to J&J M&N —M&N M&N '33 -'35 A&O b 6.50 4s Park 6% 6% 3% 3% 6.50 6.50 6.50 4Mb 1936-1959 a&O Oornlng 5Ha 1933-'0O—M&b Onion to 4.30 Oohoes 6b Ref Wat '32-*45 5.00 % % to 4.30 M&N b'2.50" 3 Ms 1935-1964 5.00 % 4.30 to 4.30 to 4.20 to to 4%" to 4.30 to 5 00 to to to 4.35 b 4.20 b 5.25 b 5-25 J&D 6 b b 5.25 15 1937.-M&S 15 March 15 1938-M&S 15 4Mb 1942 —M&S 4Hs Oct 15 1932- 52-- --4Mb Road&Bdge'33-47 F&A 4Mb Park 1932-'36-J&D15 4Mb Park 1938-'37—J&D15 4s Oct 1 1942 -A&O 4a Park 1932 M&N to 5.50 6% 6% 6% 6% 6% 6.50 1933-194816 1980 6 4.75 4.40 Is June to 5.00 4%40 7 4s 1932-1958 to 5.00 b 5.25 to 4.60 7 b A&O J&D J&J 8Mb Water 1932-35—M&8 4a to 5.00 b 5.25 b 5.25 6s Monmouth Co— 4s Pas Val Sew'61 7.50 to to 4.50 J&D Brooklyn—d—3 Ms '33-'37 J&J 8Mb gold 1930 -J&J Broome Co 5a 1933 M&8 Buffalo 5Ms 1944 J&D15 68 1932-1934 M&N 5 3.50 5s 1936-1950 M&N b 4.25 4 Ms June 15 1904—J&D16 4H» 1932-1908 J&D b~2(50 4Mb 1932-1938 J&J b 2.50 4 Ms 1938-1907 A&O b 4.20 to 5.50 4.50,% to 4.25 % 4% 4% 1932-1962. 6b 6s Sept __ Morris Co—4a '35 opt 4Mb 1942 opt 1922 o b 6.50 F&A F&A F&A 4M» 1935-1960 Is City Hall 1939 to 5.50 o 1932-37 b 7% Onion City 4 Ms '32-'64—J&D Onion Co 4H« »Q»7— -M&8 b 6.50 5.50 b 6.50 to 1932-1951. 5s School 1934 8% 6% 6% 6% 6% 6% 6% 6% 7% 8% 8% 8% to to I! 4Mb 5.50 to 7% Long Branch 6b 1948 4s June 1 1935 4s 1936-67 to to Amsterdam 6b Wat to 5.50 T<> \Net. I Ask. Bid. Bonds. to 5.50 M&S J&D b 6.60 6s Net. to 5.50 '44 J&J 4Hs 1933-1934 J&J 4 Ha road & bldg '35-'46 J&J Irytngton 5s School *03—J&D 4Mb 1932-1933 -J&D 4Mb 1934-1939 J&D 4Mb 1940-1959 J&D Jersey City 5 Hs 1942-53 A&O 6s Aug 1 1935 F&A 6Ha Dec 1 1932-1933._J&D 5s 1932-1969 A&O 6% 6% 6% 6% 0% or To or To or Bonda. Yield Basis Yield Basis Yield Basis Bid. 97 MUNICIPAL BONDS AND STATE 5.00 b 4 90 % to 5.50 % to 5.50 % 5.50 to 5-50 to 5.50 % to 5 50 to 'o I b 4.90 to 4.50 % b 4 90 to 4 .50 % 4-50 % b 4 90 to b 4.90 b 5% to 4.50 b 4.60 to 4.40 b 4.50 to 4.40 to 4.75 1 | b 4.50 to 4.40 b4 50 b 4.50 to 4.40 % to 4 40 % b 4.50 to 4.40 % b 4.50 to 4.40 % b 5 25 to 4.75 b 5 25 b 5.25 to 4.75 to 4.75 b 5.75 to 5.75 5.75 5.75 5.75 5.75 5.75 6.75 5% to 5% to 5% to 5% to 5% to 5% to 5% to 5% % % i 5% to 4.50 % to III Sept. 3 1912, bonds issued after Jan. 1 1913 by municipalities In that taxation b Basis, d Now part of N.Y. City. /Flat price, n Nominal* 98 STATE AND MUNICIPAL Yield Basis Yield Basis To or Bid. Bondo New York 6s Corp stk Jan25'35 J&J 25 Corp stk Jan25'36 J&J 25 6s M&N M&N Corp stock 1067—J&J Corp stock 1932—J&J 6 Corp stk 1971 -J&D15 Corp stk 1932-1935J&D 6 4Hs Corp stk 1936-79-J&D t AX* Jan. 1 1977 J&J 4Mb 8ch & Var '32-*89-J&D b 4Mb 1960 opt 1930 M&S 4Mb 1960 .M&S 4Mb Mar 1 1962 M&S 4Mb Mar 1 1964 M&S 79 4Mb April 1935 A&O b 6 25 4Mb April 1 1966 A&O 79 4Mb Apr 15 1972—A&016 79 4Mb RapTr & Wat 74 J&D 79 4Mb Feb 15 1932 «6 b 6.00 4Mb Feb 15 '41-1966.F&A15 b 6.00 4Mb Feb 15 1976.. F&A15 79 4Mb Nov 15 '32-'68_M&N15 b 6.00 4Mb Nov 15 1978—M&N15 79 4Mb 4Mb 4Ms 4Mb 4Mb 4Mb • May 1967 Not 1967 4« Oct 1 86 ( 5.50,% tof00 82 82 % 82 4s 1932-1946 3 Ms 1932-1933 82 82 3 Ms 1934-1936 3 Ms 1937-1940 to 6.50 to 5.50 3 Ms 1941-1951 -I 82 3s 1932-1933 3s 1934-1936 to 6.50 82 3s 1937-1940 3s 1941-1951 .-M&N M&N 1957-M&N 75 78 M M&N 75 78 M 78 M 3s 1952-1971 92 Ontario '32-'51—M&N b 4.75 to OsainlngJMs 1932-42-—M&S b 4.75 to Co 4b % % to 5.50 % to 5.50 % to 5.50 to to % 5.50 % 5.50 % to 5.50 % to 5.50 % to 5.50 % to 5.50 % 4.20b 1938-1949 4.15s 1932 4.15s 1933-1950 5 4.75 475 4.10s 1933-1946 3.90s 1933-1948 4.75 100 4.75 5.25 5.25 5.50 5.50 5.50 5.50 4.75 % % 4.35 % 4.50 % 4Mb Water 1933 1969.A&0 Oswego—6M8 1932-46.-M&N Oyster Bay Wat Dlst— 5.25 4b 1936-1950Pelham (T) Un Fr Scb No 1 4.60s 1944-1966. 5.25 5.25 Dlst 6.00 4.50 4.50 ... Poughkeepsle 4 Ma 1932-62J&D 4b School 1934-*69 Port Chester 6s 1932 6a 1933 M&S J&D J&D 6a 1934 J&D Port Jervls 4Mb 1937-1966 Port of NY Authority—N Y- 99 99 5.75 5.75 M&S M&N M&N M&N 6.5u 6.50 6.50 4.50 F&A 4.50 F&A 4.50 5s 1933-1936 1937-1938 1939-19621934 & 1935 4.50 4.50 4.50 4.35 F&A 4.35 F&A F&A 4.35 4.35 NORTH M&S 4.40 4Mb Jan 15 1933 J&J 4Mb Pub Imp *32-'41—F&A 4.30 4MB 4Mb 58 J&J 4.30 M&S M&S 4.25 4.25 4Mb *32-'31 (reg) F&A15 4MB 1933-1946———M&S Rockvllle Centre (V)— 4.15b 1932-1952 J&D Rome 5Ms 1933-1941—.A&O Rye(V)5s Mar 10 *33-'38 M&s Rye & Har'son Un Fr 8 D No 6 5.50 5.50 4.60 6.00 5.25 Saratoga Co 5s 1932-1941 4Mb 1932 M&S 4MB 1933-1955 M&S 4b Sept 11945-1954 M&8 Saratoga Springs— 4Mb Park 1933-40 A&O 4.50 4.75 4.40 4.40 4.75 Scarsdale 4Mb 1932^15 -.J&D 5.00 Schenectady 5e 1932-33 ..J&J 4.50 4.50 4.50 6s Dec 15 1932-1941 J&D J&D 6 4.50 J&J 4b Oct 151932-1944 -A&016 6 4 50 to 4.35 4^50 A&O A&O A&O f Flat price 4s n 6% 6 6% 6 6% 6% 6 to 5.75 % 75 % to 5.75 % to 5.8J to 4.60 6 5.50 6 5.50 to 4.40 to 4.40 6 5.50 6 4.50 4.50 4.50 4.35 to 4.30 Nominal. 1932-1939 1941-1954 6 4.50 to M&N 72 81 81 '81 to 6.00 to 6.00 to 6.00 80 90 80 70 65 65 90 80 5a Ref & Impt 1955—A&O 4Mb 1932-1962 A&O 4M8g Wat & Sew '48— A&O 4Mb Pub Imp 1933-1960J&J . 75 75 4Mb 1932-1958 4 Ms July 11942 4Mb July 1 1952 4 Ms 1932-1973 I 4.40 5.75 4.50 to 4.40 % 4.50 % 4.50 to to % 4.30 % 6 ¥.40 to ¥25 6 ¥.40 to 6 4.40 to 4.20 % 4.30 % 4.60 4.75 to 6 5.50 6 5.50 6 5.50 4 Ms Funding 1939—M&S Bridge 1933-37 A&O '32-*48—M&N 4MB 1932-1970 M&N 4Mb 1934-1935 M&N 4MB 1936-1941 M&N 4Mb 1942-1946 M&N 4Mb 1947-1955 M&N 4Mb 1956-1979 M&N Durham 4Mb 1932-1940.-J&J 4Mb 1942 to I960 37 37 37 37 37 37 38 38 38 70 70 5% 5.00 5.00 5-00 to ~5% -— 5.00 6% 41 41 41 41 41 41 A&O to to •5a Sewer 1953. •5s Sewer 1932-37 70 7.25 7.25 J&D; 6 6.50 J&D 6 6.50 J&D 6 6.50 J&D 6 6.50 5.75% 5.75% 5.75% 5.75% 7.25 to 6 50 to to 6.50 6 50 % to 6 50 to 6.50 to 6.50 to 6 50 to to I i % % % % % 6.50 6.50 % to 6 50 to 6 % 50 % 5*50 5.50 5-50 5.75 5.75 5.75 M&S .M&S 5.75 525 •4Mb Dec 5 1939-42—J&D •4.40s 1950 5 25 Cincinnati—*5 Ms 1941.M&S •5 Ms Imp Feb '46, '51 F&A •5s July f1905 J&J •4Mb July 1943 J&J •4Mb Sewer 1955 A&O •4Mb Sew Sept 3 '37-M&S3 4b 1932-1956 M&S 3.65s g Feb 1937 F&A 8Ms Water *45 op '25—F&A 5-75 5.25 b 4.40 b 4.40 6 4.40 to 4.30 4.30 to 6 4.40 to 4.30 6 4.40 6 4.40 to 4.30 6 4.40 6 4.40 Water 1939 op '19-F&A 6 4.40 Oino 8 D *4Mb 1934-A&013 6 4.40 4Mb 1932-1933 M&S 4Mb 1934-1952 M&S 4.75 4s 1936 opt 1906—M&8 4.75 8Mb 1940 opt 1912—A&O 4.75 Cleveland »5Ms 1940-70.J&D 4.75 •6s 1932-1933 J&D 4.75 •5 Mi Pub Hall 1970—J&D 4.75 •5a W W 1936-1968—J&D 5.00 ♦5a 1932-1935 A&O •5s 1936-1940 A&O •4 Ms Grad Oroa '32-'54 A&O •4Mb Paving 1932-34—J&D 4.30 to 4.30 to 6 4.40 3b to 4.30 to to 4.30 4.30 to 4.30 to 4.30 6 4.40 to 4.30 6 4.40 6 4.40 to 6 4.40 6 5.25 6 5.25 6 5 25 4.30 4.30 4.30 to 5.50 to 5.50 to to to 5.50 6 5.25 to 6 5.25 to 5.50 6 5 25 6 5.25 to 5.50 5.50 to 5.50 6 5.25 to 5.50 Imp Feb 1 '34-F&A 6 5.25 to •4Mb March 1949 M&S •4Mb Fire Dep '33 '55-A&0 I Ms Clark Av Bdg '42. A&O 4 Ms Park 1938 A&O •4Ms 1932-1935 M&S •4Mb 1936-1950 -M&S 6 5 25 6 5 25 to 5.50 •4 Ms St to 6 5.25 to to 5.50 5.50 5.50 to 5.50 A&O 6 5 25 to 5.50 A&O 6 5.25 to 5.50 — 1933-1935 •4Mb 1936-1938 •4MB 1932-1953 4Mb 1932 s-a 4Mb 1933-1955 »-a 6 5 25 to 6 5.25 to 5.50 6 5.25 to 5.50 6 5.50 6 5.50 M&S 6 5.50 M&S 6 5-50 6 5.50 F&A 6 5.50 •4Mb ^ 5.50 5.50 to 5.50 6 5 25 Cleveland 8 D— ♦4Mb 1932 to 1935 4s July 1 1932 J&J •6s 1932 to 1935 J&D Cleveland Heights 8 D— ♦6s 1932-1959 A&O Columbus »6b 1949-57—M&S 4b Wat W '45 6 5.25 to 6 5-25 A&O 6 5.25 ♦4a 1932 & 1933 ♦4s 1934-1955. 3 Mb 1932-1956 80 80 80 6.50 % 6.50 6.50 5 75 41 80 80 80 to •5Ms Fund 1932-37—J&D •6s Water 1944-1959—A&O 'Canton 8 D 5a 1954—A&O8 80 70 — Canton—»5a Sew 1953-.M&S 41 70 — — (See footnote •) Cambridge—4Mb '33-'34-J&J 41 70 70 J&J 5 5.50 •5a Water Dec 15 1932 I960 Ashland ♦5Ms 1932-44-A&0 5% 5% 5% 5% 6% 5% 5% 5% 5% 6.00% 6.00% 6.00% to 1945.J&J % 5.75 5.25% 5.25% 5.25% 5.25% *5Ms 1933-1937 J&J •5 Ms 1938-1951 J&j •4Mb 1932-1947 A&O •4Mb 1936-1955 A&O •4MB 1932-1946 •4Mb 1932-1939 A&O ♦4Mb 1940-1952'—A&O 4MB 1932-1933— A&O 4Mb 1934-1937 A&O 4 Ms 1938-1956 A&O 4s Water Works 1942..A&O •Allen Co 5 Ms 1933 -'50. A&O Alliance 4Mb 1932 J&D 4.40 .20 5.25 % •Akron 08 1932-1940 A&O •5s Water 1932-1953—A&O &> " 6 5.50 6s OHIO 4Ms 1932 to 4.20 4°20 5.25% J&J 5 5.50 J&J 5 5.50 Jan 1957— J&J 55.50 Grand Forks 6a—May '32-'38 5 5.50 4.20 6 5.50 6 5.50 Charlotte 5Ms % 4.20 6 5.50 6 5.50 5 Ms 1935-1969 M&S 4Mb 1932-1966M&N 4Mb 1933-1962. _.L—A&O Buncombe Co 5s'32-'46—J&D 4.40 4.25 to 4.25 to 6.25 J&J 5 5.50 4Mb 4.00 6 5.50 6 5.50 ' 475 4.30 6 4.50 6 4.10 4.25 r and 1950 „ to 4.35 to to 6.25 to 6.2o 5 8.00 J&J 5 8.0) J&J 5 8.00 5 8.00 5a Farm Loan 1935.1940.1945 4.30 6 4.15 J&J J&J 6 8 03 5 8.00 5Ms 1945 & 1948 ser O 5Ms July 1932-1933 4Ms July 1951 & '55 to 4.35 % 4 40 to 4.30 % ¥30 85 NORTH DAKOTA „ to 85 .M&S M&N15 5b 1933-1936 5s| Sept 1932-1947— % 75 75 75 75 5 8.00 85 85 to 6.25 to 6.25 to 6.25 to 6.25 WlnBton-8alem 5s 1932 —J&J & 4.35 A&O J&j 4Mb 1933-1934. 4Mb 1935-1937 4Mb 1938-1939 4Mb 1940-1951 M&N 4Mb 1948-1969 F&A Rutherford Co 5s *32-*52—J&J Salisbury 0a Impt ,32-'35.J&J 6a 1932-1941 M&N to 4.30 A&O 6 5.10 A&O —.... Durham County— 6M9J 6M% Randolph Co 4Mb *33-'47.F&A to 4.35 6 4.50 F&A 6 5s 1933-1969 J&j 5 Ms 1932-1957 .J&J 5 Ms Street 1933-36..-F&A 5s Water 1933 m 4Ms 1943-1947 to 4.40 J&D Vahevllle— _ 6s Ref Nov I960 Pitt Co 5s 1632-'30 to 5 6 4.75 J&D 6 4.30 4s 1967-1968 5.50 1933-1953 F&A Saranac Lake 4.45s'33-'39F&A b Basis 4s 5.75 4.40s 4.30b 1932 4.30b 1933-1948 4Mb 1933-1934 4.15s 1933 4.15a 1934-1939 4.15s 1940-1960 6 M&N 6 4.50 A&O 6 4.50 4 Ms 1967-1968 4s 1934-1935 4sImp Sch &c *33-*47—J&J 2* b 72 M&S 5a Fund June 1959 72 J&J 4.40 Raleigh 5s Munlc Bldg '39J&J 5 9.00 6a Impt June 1 1944—J&D 5 9.00 4.30, 4.251 4Ms 1932-1967 A&O 5 9.00 .F&A M&N 4Ms 1940-1954 4.30 1935-1959 3Mb Ref 1933 opt 1913-J&J Rockland Co—4s <12-'34-M&S 6M% 6M% A&O Mecklenburg Co— t I- 4M- 4 Ms 1934-1935 4 Ms 1936-1939 1933-1934 4.30 4.30 7M 5-75 J&D 4Mb 1933-1962 51 5b Bridge 1937-1951—F&A 4.25 CAROLINA July 1901 51 40 1 '42.F&A b A&O f> 4Mb 1940-1950 r 4.25 6Ms Jan L933-HM1—A&O 5s 1932-1961 A&O 4Mb July 1 1932-62—A&o 6 5.25 4Ms Feb '33-'36 A&O 4Ms Feb '37-'49 A&O 4Ms Mar 1 "33-'50. A&O 4 Ms Feb 1933-1936—A&O 4 Ms Feb 1937-1949—A&O 4s 1933-1958 F&A 5s 1933-1938 —__A&0 4.90 94 , Lincoln Co 5s 1943 & '48-J&J b 4.25 J&D 6s Feb 1'1933-1936 6s Feb 1 1937-1939 6s Feb.l 1940-1952 94 : 40 „ ankers— v 5.75 5.75 4.90 58 85 86 M&N 4.50 4.50 % 4.40 4.35 3.90s 1933-1954 F&A 6 4.50 Welcott 4Mb Jly 15 *32-'42J&J 5.75 County 4Mb Highway 1932— F&A 4 Ms Highway 1933-36 F&A 4Mb Highway 1937-58 F&A Rochester 5b 1933-1951 -F&A 5s to 4.25 to 4.25 5 Mb Sch Rensselaer 5s to 4.25 4Mb 1935-1959 (reg)—M&f1933-1930—A&( 4.75 1939-1943 1944-1948 1949-1953 1933-1934 M&S 1935-1938 M&S 1939-1946M&S 1947-1953 M&S 1954-1960. M&S Putnam Co 4Mb '33-'51_A&0 4s 1933-1934 4s 1935-1954-- ¥25 to reg 1933-1934 1935-1945 1946-1951 1952-1963 67 67 67 67 4.40 ¥.40 to White Plains— N J Edge 4Mb '33-39-M&S 1940-1946 _ 99 — 4Mb 4Mb 4Mb 4MB 4MB 4MB 4MB 4MB 4Mb 3Ms 3Ms 3Ms 3Ms 58 Wilmington— J&D 5b 1939-76 J&D 6b June 1 1932-54 J&D 4Mb San Sew '33-'82—J&J 4Mb Parkway 1962-80.J&D 4Mb Co Bid* 1933-44 A&o 4Ms *44, '45.' 56 &/69jJ&D 4b Co Eldg 1933-59.—M&s 4s 1932 to 1935 F&A 4s June 1 1959-1964—J&D 3 Ms 1933-1934 J&D 3Mb 1935-1939 J&D 3Ms 1940-1951 J&D 3Ms 1952-1980 J&D to 4.35 67 58 Iredell Co 5s Aug 4Mb 1933-1939 4,60 4.75 58 58 4.35 5Ms 1932 0% 80 70 4.50 Warsaw Union Fr 8 D No 10— 4Mb 1932-1942 ..Oct Watertown 4Mb 1942 J&J 4Mb 1932-1953 J&J 6 4.50 6b 1932-1945 J&J 6 4.60 4s May 1938 M&N Westchester County 5.25 6 Net. 7M 7M 7M 7M 5Ms highway 1934-'53_F&A 4.75 4.75 . 6 4MB 1934-1957 M&N High Point 4Mb 1933 '48 .J&J 5a Wat Serv 1932-1909 J&D Iso 3 Mb May 15 *32-'35—M&N 3M« May 15 '36-'51—M&N Warren Co 4Mb 1932-'50. F&a 100 J&J F&A 6 4.40 1933-1942 J&J 4Mb Sewer 1932-1958-J&J 5b Water 1932-1950 J&J 5Ms Water 1932-1950—J&J froy 68 1932-1940 reg._A&0 4 Ms 1933-1950.— A&O 4Mb Feb 15 1933-1957-4 Ms 1932-1970 J&D 4Mb 1932-1965 J&J 3Ms Water 1932-36 J&J Utlca—4Mb 1932-35 M&N 4Mb Pub imp '32-'45-J&Jl5 4.20s 1933-1937 F&A to 4.35 to 6.00 to 5.75 to 4.25 Ask. 5 6.50 6 Guilford County— 4Mb 1932-1933 4.50 4.25 % to J&J15 J&J15 J&J15 J&J15 J&J15 J&J15 J&J15 J&J15 J&J15 Hconderoga 8 D No. 5 4Mb July 1954-'58 Tonawanda (City of) 78 78 M&N 75 M&N b 6.25 M&N b 6 03 3Mb g exempt 1941—M&N b 6.00 3Ms exempt 1942 M&N b 6.00 3Ma R T 1948-1950—M&N b 6.00 3Mb g exempt 1952 M&N b 6.00 3Mb g exempt 1953--M&N b 6.00 8Mb g exempt 1954 M&N b 6.00 8Mb g Water ex '64 M&N b 6.00 8Mb exempt 1955 M&N b 6.00 8Mb stock Apr 1 1954-A&0 b 6.00 Nlag Falls—5Mb '41-'48 M&N 4.15s Sewer 1965-70--M&N 4.10% Sewer 1935-60--J&J 4Mb Wat Mayl'41-"48 M&N 99 4Mb Repav "32-*33 reg M&N 99 4Mb Sew *39-'46 reg—M&N 3.96 Nov 1 1961-1970-M&N 8Mb 1942-1945 M&N 3s May 1 1935 M&N NiagFallsSD-4 Ms'32-'34F&A 4Mb 1936-1960— F&A No Hempstead 6s '33-'34 J&.l No Hempstead S D No 7— 4MB 1934-1942 J&D North Tarrytown (6) 4Mb Water 1932-45 A&O 4Mb Water 1946-641—A&O 4MB 1947-72 ——J&J Oneida—4b Water "40-'45_J&J 4Mb Water 1933-39-. -J&J Onondaga Oo-4Ms '32-47A&O b 4.75 3.70s 1933-1951 A&O b 4.75 4s May 1959 4s 1932-1937 48 1938-1967 M&8 5 4.75 4Mb June 15 '32-34-J&D15 4Mb 1932-1944 M&N 6*4.50 4.20s Dec 15 1932-71 J&D15 6 4.40 4s June 15 1932-"44—J&D 15 6 4.40 77 4b Nov 1958 A&O b 4.50 4.40 F&A 5 Mb 1932-1960 74 91 75 75 4s Nov 1955 4b Various 1956 Various May % 82 to 6.00 5.10 4.50 A&O Bid. 4s Water Works 1954..J&J 6 Greenville 5b W W *58—F&A 6 4.50 Sullivan Co 4Mb '33-'45-A&0 Syracuse 4Mb 1932- 35 Various 6» May 15 1932-1938 81 M&N 4b Various 1936....—M&N 5.50 5.60 5.25 F&A 4Mb Oct 1932 4Mb 1933-1957 3M 1932-1951 - % 77 4b May 1977 4b to 3.25 % to 6.00 Forsyth Co 4Mb *32-'58.J&D Granville Co 4Ms '39—M&N Greensboro 5s 1942 W..F&A 4Mb 1933-1963 —J&J 4Mb 1933 1965 F&A 4.50 5s 1944-71 M&N Steuben Co 4Mb "33-*37—F&A Suffolk Co 4Ms 1932 J&J 96 74 —. 4.30 Somers (T> 4Mb '32-"53-M&N Southampton 5a '36-'43-M&N 86 Bond! 440 Solvay 4Mb 1932-'40 86 96 To or Net. 5s Dec 15 1944-1948 86 A&O 1980 Ask. Scheneo Co 4Mb "42-',5I—J&J 5s Dec 15 1933-1943 100M 101X to Bid. Soadi 100 H 99 M 99 M 99 M 83 83 83 83 83 4.25 83 6.50 6.00 79 6.20 78 79 79 Yield Basis To or Met. Ask. City— 6s Corp stk Jan25'37 J&J 25 4Mb June 1966 --J&D 4Mb 1963 -M&B BONDS 5.25% 5.25% 5.25% 5.25% F&A 6 5 50 opt '20—M&S 6 5.50 8Mb 1932 opt 1912—-J&J Columbus 8 D— •6b 1943-1952— 6 5-50 5.50 5.25% 5.25% 5.25% 5.25% 5.25% J&D19 to 5.50 Cuyahoga Co *6s ,32-'39_A&0 to 5.50 •5« 1936-1939 A&O •4Mb 1932-1935 •4MB 1936-1944— 1932-1943 [s Road 1932 a Road 1933-1934 I* Road 1935-1936 (« Road 1937-1938 is Road 1939-1941 1932-1941 A&O to 5.50 A&O to 5-50 * ■ ' A&O to to 5.50 6% to 5.60 - to 5.50 to 5.50 to 5.50 to 5.50 A&O b to 5.50 99 MUNICIPAL BONDS AND STATE Yield Basis Yield Basis Bonds. Dayton—5a 1932 M&N »5H8 W W Imp 1944-J&D •5a W W Imp 1945—F&A •4Kb Bdge 1932-1951-M&S •4H8WW Imp 1940—J&D •4*8 Bdge 1933-39—A&O •4*8 1932-1940 MAS 4*81941-1961 M&S Dayton SDfiHa "41-'01 MAS 6 5.50 b 5.50 b 5.50 b 5.50 b 5.50 b 5.5) b 5.50 b 5.50 b 6.50 •5s Mar 16 33-*40—M&S16 b 6.50 Bast Cleveland— •5a St Impt 1933-35—A&O b 7% East Liverpool—4s 1940-J&J b 5.20 1932 1933-1937 J&D 4*8 1938-1959 J&D 4.50 4*8 1933-1960 4a Water 1937. JJ&N J&J A&O J&J M&N 2 M&N J&D A&O 4.50 - 4s Water 4s Water 1940-1959...F&A 6 5 25 4b May 2 1957 1902 4s Water 1902 4s Oct 11904 4a 1933-1950 4a May 5.50 pennsylvania 5.50 5.50 6b O—J&J July 1 1951 Series 115 6 3.65 4.25 4*8 Dec 1 1951 opt 36 -J&D 6 3.60 4*8 1934. 1939. 1944 1949J&J 4s Highway 1932. 1935. 1937 6 4.00 '40. '42. '45. '47. £0. 52— 4.25 ts 4.25 4.25 5" 75 575 575 5.75 6 6 to 5.50 % 6% J&J to 5.50 % 6% to 5.50 % 6% 4*8 1932 J&D2 to 5.50 6% 4*8 1933J&D2 to 5-50] 6% 4*8 1934-1940 J&D2 to 5.50,% 6% •4*8 W&SSeplO'32-35M&SlO to 5.50 % 5s 1932-1935 —J&D 6% Mahoning Val. 8an. Dlst— 4 *s water 1933-52 A&O Marietta—*4*s *32-'33-J&D Martin's Fy *68"32 '44—M&S Miami Conservancy Dlst— 5*s (1 to 5 yr mat'y)—J&D 6 5.15 5.10% 5*8 (5 to 10 yr mat'y).J&D 6 5.15 5.10% 5*8 (after 10 years) J&D 6 5.15 5.10% Montgomery County— 5.75 5.75 *32-*42—J&D A&O A&O 5-75 5.75 5.75 Highway 1941. '41, 51. *63 *43. '40. M&S 1937---—M&N lllegheny—4s tilnehenv Co 4*8 4*s 1933-1937 4*s 1938-1940 4*s 1941-1962 5.20 6 6 '33 to '36.M&8 4a May 15 1932-1953 4s 1932-1942— F&A leanette 4*s 1932-1956.M&S Lackawanna Co 4a 1944.F&A Lancaster Co 4*8 & 4*8 6 4.50 6 4.50 6 4.o0 6 4*8 1932-1950 •08 1932-1960 Warren Co 5s 6.25 A&O A&O •4*8 1932-1950 6.25 6.25 M&N 5% 1932-34.-M&S 6 Youngs town— •6s Bdge 1932-41 A&O •5s Police Bdg & St 1932 •4*s 1932-1957 A&O Youngstown School Dlst— •4*s 1944-1947 M&S 6 5.50 •5s 1932-1944 M&S 6 5.50 Zanesville—*58 City Hall & Market 1932-1939 M&S Zanesville 8 D *5a '32-'43A&O 5-75 5.75 575 5.25% 5.25% 5.75 6 OKLAHOMA 1932-33—A&O 15 6 4*8 Oct 15 Muskogee 5s Sew 1936—M&S Oklahoma City— 4% 94 1934-1940 J&D 65*% M&S 65*% 4*8 Sewer 1930 F&A 6 5% 5.25 4*8 Water Works 1941.J&J 5*s 5s Water 1930 Okla City S D 4s 1933—.J&J 1932-1933—J&D Okla Co 4 *8 96 5.25% 5.25% 4.80% Tulsa— 6 5.75 to 5.50 *s Wat & Park '33 '49 F&A F&A 6 5.75 to 5.50 6 5.75 to 5 50 F&A 6 5.75 to to to 4.30 4.30 to 4,30 to Clatsop County 5s 1934.A&O Columbia Co 5s '33-'34-A&O M&S Eugene 5s 1942 Multnomah Co 4*s '32.J&D 4*s Bridge 1932-1944.J&D 4*s 1949-1956 F&A 4s Bridge 1945-1955—.J&D 5s Road 1932-1939—-M&N Multnomah Co S D No 1— 4*s July 15 '32-'39—J&J16 4s July 15 '40-'45 6Basis. J&J15 fFlat price. 6 6.50 to 5.75 to to 5.75 to 5.75 5.75 to 6a July to —J&J 1940 6 M&S M&S to 75 7% 6-25 6.75 6.75 to to to 6 6 50 to 5 6.30 6.30 to 6 6-50 to 95 90 90 6 6.75 6 6.75 to 5 25 6 5.50 6% 6.20 to 70 58 Nov 1 1943 to 5.25 6 5.50 6.10 6.10 to to6550 6.50 6.50 6-50 6.50 to to to to 5 25 6 5.50 90 90 to 4.25 6 5.50 85 Spartanburg 4*8 1935—A&O 6 6.75 4*8 Water 1933-1939—J&J 6 6.75 4*s Water 1940-1905-J&J 6 6.75 5s Sept 1 1939 4.25 CO 75 80 Richland Co 5s 1933 J&J Rock Hill 5s 1951 opt '31-J&J 4.25 to 85 102 to 7% 88 M&N 4*8 1935-1941 4.25 to to Marion Co-— 4.30 to % 6% 6% to 6% to 6% to 88 4*8 Water 1945 J&J Greenville—5a St 1942—J&J 6 6.50 6 6 50 5s Water 1958opt '38-F&A Greenville Co 4*s 40-'55_J&J 6 6-50 6 6.50 4*a Highw 1933-1945-F&A 4*s 1933-1934 to 87 to 5.25 Co¬ ds May 15 '30-'4O—M&N15 Columbia 5s Ref 1941—M&S 4.30 to - 4*8 1950 4*s Dec 17 1978 4s July 1939 4s July 1942 4s Jan 1 1946 4s Feb 10 1955 4a July 26 1972 6 5.50 6 5.50 Spartanb'g Co 4*8 '37-47M&S 4*s 1932-1950— M&N Sumter Co 5s '33-'52 J&J York Co 4*8 1933-50 J&J to J&J J&J J&J 6 5.50 6 5.50 - to 5.25 J&J 6 5.50 J&J 6 5.50 J&J 6 5.50 6 5.50 J&J 6 5.50 J&J 6 5.50 to 5 5s June 1 1932-39 5s 25 to 5 to 6 5.50 to 4 Pittsburgh—l*s *32-'50 J&D 6 4 *8 1935-1937 M&S 6 4*8 1938-1946 M&S 6 48 1933 to 1939 J&J 6 4*8 '32-'38 taxable. .M&N 6 Reading 5s impt 1943-49.J&J 6 Schuylkill Co— 6 4*8 1932-1955 J&J 6 Scranton 4*8 *32-'41 F&A 5b 1932-1950 L-.F&A 6 4s 1933-1937 ...M&S 6 4s 1933 & 1935-......A&O 6 ScrautonSD4s 1932 & 33 A&O 6 4*8 1933-1956 J&J 6 Wash'n Co 4*8 "33-'34—M&S 6 4.50 4.50 4.50 4.40 1934-40 6 6.50 to 6.50 to 6 6.50 to 6 6.50 b 6.50 to Q b b 7% 7% b 7% b 5.50 SIsax Falls S D 5s 1935—A&O b 5.50 5*1 Dec 1 1940 J&D to 5.25 6 5.50 15 Perkins Co 4*s fd '36-'47 5.25 25 to 6 5.50 Jan 4*8 fund 1932-47—M&N 15 J&D Stanley Co 4*8 fd '43-'48 J&D 5.25 to 5.25 6 5.50 85 80 to to to to 6% 6% 6% 6% 6% 6% 6% 6% fackson Co— 5.25 to sto 6 .50 to 6.50 6 6-75 to 6 40 b 6.50 5*8 Jan 15 1943 b 6.50 4*a Rural Credit 1939—J&J Corson Co 5s fd 1932-47-M&N b 7% to 5.25 to M&8 M&S15 J&D J&Jlo J&J15 5a Sept 1941 5a Mar 15 1933-35 5.25 to 5.25 to 5.25 6 5.50 6 6.75 6 6.75 (SOUTH DAKOTA 5a Rural Credit '33-'40—A&O 25 to 5 .25 3*8 July 1 1934 Phlla S D 4*s '32-'43 J&J 4*8 1941-1959 M&N 4*s Apr 15 1939-58.A&015 4b 1932-1942 J&J 4s 1937-1950 J&D to to to to to 6% 6% 6% 5% 5% 5.25 TENNESSEE 90 to 4.25 4.50 to 4 50 to 4 4.50 to 4.35 4.50 to 4.35 4*8 highway 1939 J&D 4*8 bridge 1945 J&J 4*8 refdg July 29 1955-J&J 4*8 July 1 1945 J&J 4*8 highway 1939 J&J 4s refdg July 29 1955 J&J 5b Memorial Aud'm 1961-J&J Carter County— 5s funding Jan 1 1959-J&J 5*s Road 4.50 4 .50 4.50 to 4.35 to 435 b 6 25 to 5.75 b 6 25 to 5.75 b b 6.25 to 5.75, 6.25 to 5.75 b 6.25 to 5.75 b 6.25 to 5.75 5.75 to 5.50 Chattanooga— 4.50 M&N 6 4.50 to 4.25 to 4.20 to 4.20 5.00 to 4.75 4.60 to 4.40 4.25 35 4*8 School 1950 A&O 4*8 Memorial And '52M&N 5a Hospital 1954— M&S 4.35 to to 4.35 b 65 60 60 ; 65 b 5 to 5.25 i 50 5 50 to 5.25 i 5 50 to 5.25 Cocke County— to 4.35 J&J 6 4.50 to 4.35 6 4 50 to 4.35 Davidson County— 6 4.50 to 6 4.50 to 4.35 4.35 6 4.50 to 4 35 4*8 Highway 1947 J&J 5% Co Memorial *32-'50J&J Dyer Co 4*8 1955 6 4.50 to 80 70 4*8 Road July 15 '47—J&J Cumberland Co 5b 1956—J&J Fayette County— 4*8 Road 1958— 4.35 80 70 i 4.75 to 4.65 1 4.75 to 4.65 45 55 60 J&J 70 Giles County— RHODE is Oharlt Inst 6% ISLAND 1905 Is June 1 1977 3.85 M&S 3.85 J&D 3.50 J&J Cranston 4s Sch 1633-'00—J&J 4*8 Mar 15 '33-73-M&S16 5s 1933 & 1934 5s % 1935-1942 7.00 7.00 to to to A&O 5.50 % 5.50 % 5.50 A&O 5°50 b 6% 1933-1958—J&J b 0 10 b 5.75 Road 6 6 5.25 to 4.75 5.25 to 4.75 5.25 to 4.75 6X25 4.75 6 4.75 5.25 to 6% Hamilton County— 4*% Refunding 5% Bridge 1944 1957-A&0 *> 5 75 to 5 50 to 5.50 1 Jackson— 4*% Ref 625 1933-1948—J&J to 6% Johnson City— 60 1932-1946—J&D Knox Co 5s Pike & 6 5.50 % to County— 6*8 Impt Johnston 4*8 1935-1940 M&N N Prov'ce 4s June 15 '47-J&D Newport—4*a *33-'39—M&S 5*8 June 1 1932-1953 4*s May 1932-1942.-M&N 4*a Mar 1933-35 M&S 4s May 15 194S M&N 8*s g High Sch 1954-J&D Pawtocket—4*8 1950—J&J 4*a Sewer 1952 J&D 4 *8 School 1954 M&N 4s Water 1937 M&N 4% J&D Highway 1947 Gibson 3*8 gold S H 1934 to 4.35 % to 5.75 6 6.20 5a Highway 1933-1940-F&A Lancaster S D—5s 1941-.J&J 6 7% 4.30 OREGON 4*8 Highway *33-Apr'44 A&O 4*s 1932-1944 (s-a) A&O 4*8 H'way *32-'36 (s-a).A&O 4*8 H'way '36-'49 (s-a).A&O iaHighway 1932-42 A&O 4s Highway 1932-41 A&O 4s Aug 1 1932-1933 F&A 3*8 Oct 11952 A&O 6 4.50 Astoria 5s 1953— J&D 5*8 1932-1949 J&J Baker City 5a 1934 M&S | 5.75 to 6 6.50 6 4*8 1967 Kersnaw Co— 4.30 to 4.30 to to 5 50 5*s 1933-1939 5s 1933-1947 0s Feb 1 1933-1939 to 5.75 % Greater Greenville Sewer Dlst to 4.30 to 5 50 6 5.75 5*8 July 1940 5 to 6 4.40 4s 1933 to 1935 6% 6.50 to 5.75 to 5.75 4*8 Imp ser I *32-'38.A&0 4*8 1933-1940 J&J 4*8 Impt 1940-1945.-J&J fork 4*s 1932-1943 F&A York Co 3*a 1932 M&N 101 F&A .30; % % 4.30 to 4.30 Wilkes-Barre— 101 100 30; % to 4 6 4.40 48 1932-1933 4.10% 100 6 6.25 Okmulgee 6s Mar 16 1943 3.90 % 1 98 6 4 o0 6 4.o0 1943.J&J Philadelphia 4s 1937 J&J 5s Jan 1951 J&J 4*s May 1948 J&J 4*s Nov 1 1948 J&J 4*s Sept 10 1975 J&J 4s Nov 1 1960 Toledo Sch Dlst— __ to 4.40 6 4.40 6 6 J&J to 5.75 , Clarendon 4.40 to to 4.25 4*s 1932-1953 1942 90 to 4.25 6 4s Park July 1 6.50 6.50 99 Charleston Co 6s 1937 J&J Cheraw 5s *52 opt '32--July 1 6 7.25 95 to 4*s 1932-1954-——M&Sl 5 •4*8 Wat 1932-34 J&J •4*8 1933-1953 M&S 4*8 Bdg 1933 & *38—-F&A 6 9.5 6 4.40 M&S 6 95 6 4.40 6 1949 to 5.75 6.40 4*8 1933 —F&A 6 6.40 4*s Highway 1934-37-F&A 6 6.40 4*8 Highway 1938-43-F&A 80 Charleston—4*s Jan '62.J&J 70 48 Refg '38 (tex-exem)_J&J to 4.40 6 4.40 6 Sewer 4.50 4.50 6.50 6.50 6 6.50 Anderson Co 4.40 to to M&S 3*8 Sewer 1934 •5s SeDt 1932-1942—M&S 5s 1932 1933 J&D15 •6s Pub Wharf I960—M&S •5s 4.50 CAROLINA. SOUTH 4.30 4.30 4.30 4.30 4 Norristown 8I D 4*s 6 4.50 4a Refund 1952 opt 1932.. J&J 83 o 6.00 4*s ctfs indebt r39-'53—J&D 6 6 50 Aiken Co 4*s 1937-1945 4.40 to Lancaster S D 4s May 1945— 6 6 . 6 4.o0 b 4.o0 6 4.o0 6 4.o0 LowerMerIonTwp4s.4*8,4*a McK'p't S D 4*s "32-'43M&N Mercer Co 5*8 '32-'47—F&A 6 4.40 to 4.40 Lancaster— 6 6 Imp '32-'35-A&0 to 4.50 4.50 4.50 4.50 . _ •4*s 1932-1937 *4* 1932-1940 A&O Toledo ♦Sb W W '37-'44.F&a Summit Co— 4.o5; % 4.40 % F&A 6 4.50 Erie 8 D 4a 1933-1938 M&S Springf'd 8 D •Sa '32-39-J&J2 Steubenvllle *58 1933 -35.M&S to CA '32-'47-'42..i6 Brie—4*8 Sch 1933-'39.A&0,6 4*8 1932-1933 F&A 6 4*a 1934-1960. F&A 6 4.50 4.50 98 to '32-'44—M&N 6 4.60 4s 1932 to 1935—--M&N 97 Cambria Co 4*8 32-'45 6 4.o0 Chester 4s'37 op'17 tax-ex J&J 6 4.50 4*8 1935-1940 -—J&J (j 4.o0 Chester 8 D 4*9 4.50 A&O 6 6.50 4s Fnndlng 1947.. to 4.70, vo J&D 6 4.60 '45. '50 Braddock 4*8 4*8 1932 4*s 1933-1950 Springfield »58 1932-1934— 4*s 1932-1935. M&S 4*8 St Impt 1933-39—M&S •4*i 1933-1949 M&S 5.20 5.20 5.20 98 85 '33 to *35. A&O 8 D5*s '35 '40, lltoona S D 4s Bethlehem 4,50 6 6-50 b 6-50 5s Funded 1933-1959—A&O to3.85 % A&O 6 4.50 4*s 1932-1956—-—A&O 6 4.60 4*8 July 1932 -1958-... J & J 6 4.60 4*8 1940*1959 -J&J 6 4.60 4s Bridge 1942 F&A 6 4.60 4a 1933-1958 M&S 6 4.60 iltoona—4s *34 opt '14—J&J 90 4s Ref 1930 opt 1916—J&J 90 4s Highway '37 opt '32.J&J 90 5.50 5.50 3.70 % A&O 6 4.75 Harriaburg— 4s Pub Imp 5.20 to 97 43—M&N 5.75 Portsmouth City S D— to % 3.85 % to 3.60 6 3.60 97 4*s 1932-1937. A&O 4*8 Jan 1 1930-1940—-. Fayette Co 4s road 1936-A&O 5s ref 1936-1941 A&O Newark *4 *s 1932-41 —.A&O Portsmouth—6s '33-"30—J&J •5s Road J&D Wssnaocket 4*8 Fd '41-J&D 08 Fund 1932-1935—M&N 0a Fund 1930-1901—M&N 4*8 1932-1907 J&D 4*8 Funding 1944 M&N 4*8 1932-1967 J&D 4*8 June 1932-1957—J&D 5> 1932-1936— M&N 58 1937-1942 M&N; 5.50 Lucas Co 4a O-H 1944—M&S 1933-1955 4s July 1950 % Refg 1955-J&J Harbor 6s Port of Portland 4s 1934—J& J Salem—5s Sewer '32- 33 M&N Lorain 5s 1932 4s to 4.75 Pt of Astoria 5s 6% 5.50 4.50 Water Jan 2 1936 4s Jan 1 1945 4s Oct 11954 4s .——M&N 1936-1955—M&N 1939-1958- — -J&J 4s Water •5a Sewer Feb 15 *33'51-.- 5s ref 1934-1935 4*8 Pt of Coos Bay 45-A&O •5s Park & Imp *32-'41-A&0 •Lawrence Co 5s 1934 M&S Lima *5*s Sewer 1932-1947- Emerg M&N -A&O 25 to 5.25 to 5 25 to 5 25 to 5.75 to 5.75 •4*8 Oct 4.25 J&D 4*s 4*s Dock 1943 4*8 Oct 1932-47 to 5 4s O H June'30 op '10.J&D Ironton »4*s W W '30.-J&D Lake wood — '4*8 "32 39A&0 •6a F1 Providence— 5s Harb Dev to Net. 1932-50-M&N 5-25 % to 5.25 % to 5.25 to to To . Ask. Bid. Bonds. Net, Ask. Portland— to 5.25 % Elyria 4a 1932 to 1938—J&D •4*s 1932-1952 M&S •5s W W 1932-1940--J&J Postorla *5b W W *33-'40 M&S Franklin County— •6 Hs Hos&Bge *33 *35 F&A HamUton Co *4*s 1943-F&A •4*8 Oct 1 1939 A&O •4*8 Sewer 1932-'45 5s ref 1932-1933 or To or Bid. Bonds. 70 Bridge M&N b 5 50 to 5.25 b May 1 1932-1940 Knoxville— 7% to 6.25 b 7% 7% 7% 7% 4*s Impt 1932-39--—F&A b 4*8 Park 1933-1935—A&O 5s 1933-1937 —M&S b 5s 1938-1951. -M&S b 5*% Fdg Sept 11950.M&S Madison County— 4*% Highway *32-'49 , to 6-25 to 6.25 to 6.25 to 6.25 _ J&D 6 6.50 to 6% % STATE 100 AND Yield Basis To or Bid, Bonds. Ask. 6 5.50 to 5.25 6 5-50 to 5.25 1932-1962--J&J 4K» Water 1949 --J&J A&O 6 5.50 -J&D 6 5.50 to 5.25 -M&N M&S Montgomery Oo—6s Cumber¬ land River Bdge 1953-F&A Nashville 6s 1933-1942—A&O 5b March 1933-1960--M&S 5s Memorial Sq '32-"50--~4Ks High Sch 1940 J&J 4Kb Hospital "33-'56--J&J 4Kb 1935-1968 M&N 4HB 1932-1967 -J&J 4Kb 1934-1948 M&S 4s 1933 M&S Polk Oo 5s 1932-46 —J&D 6 5.50 to 5.25 6 5.50 to 5.25 6 5.50 to 6 5.75 to 6 00 % to 5.25 4Kb Water 4Ws Park 1959-1. 4KB 1932-1955 4b Water 1933 4s 1932-1954 6 5.50 6 5.50 6 5.50 6 5.50 % % % 5.25 % to 5.25 to I I 5.25 5.25 6 5.50 to 6 5.50 6 5.50 to 5.25 6 5.50 6 5.50 to 5.25 to 5.25 to 5.25 85 75 Robertson County— 4Kb Road 1948 Shelby F&A 6 6% Bid. Bonds. 25 % to 5.25 % to 5.25 % to 5 Yield Basis To or Net 6 5.50 Memphis 6s July 1954—J&J 5b River Term '33-'48-A&0 BONDS MUNICIPAL Yield Basis San Antonio—5a '32-'53_M&S b 5.75 98 5Kb W W 1932-'35 M&N to 5.40 % 102 Bonds. to 5.40 Staunton 5a 1932-58 M&S 5s 1957 Tazewell Co Of l«33-46 J&J Washln»fT,/>t>' v sch'34-*39 J&J b 5.75 to 5.40 to 5.40 1957—A&O '49--M&8 6 5.40 6 5.40 Sept 1932-1969 St Imp Dlst No 2 1943 b 5.75 — J&J b 5.75 1932 1968F&A b 5.75 San Antonio S D 6s '56—F&A b 5.75 Tarrant County— 4Kb Oct 10 *32-"33 A&O10 b 5.75 6b 4Kb 4K« 1933-1967 to 5.40 to 5.40 to 5.40 5s June 1936 4Kb Oct 10 *34-'59—A&O10 b 5.75 to 5.00 Waco—5s Sewer 1937 J&J b 6.25 to 5.75 5b Water-Works 1942 J&J b 6.25 to 5.75 6.25 to 5.75 4Kb Water 1937-1968—J&J Wichita FallB 6b 1950—M&N 10% to 8% 5 Kb 1932-1940 10% to 8 M&N 5s Feb 10 1960——F&A10 10% to 8 10% to 8 4Kb 1932-1955 M&N 10% to 8 4Ks 1932-1960 J&D 4Kb 1933-1946 F&A 10 10% to 8 6 6.50 to 6 6.50 to to 5.25 UNITED STATES—See 6 6.50 6 6.50 to to 6% 5b 5.75 5.75 5.75 5.75 5.75 5s SchBlg&Hos '52op'32J&j 4H* 1933-1961 4Kb 1933-1953 4«s 1954-1958- J&J j&J J&j '32—A&O 6% 6% 5s 4Ms 1932 4 Ha 1933-1935 4Ks 1936-1970 4s 1942 opt 1922 4s 79 4K 79 79 79 60 Dallas 6 5.35 6 5.40 to 5.20 to 5.20 to 6% 94 to 5.25 to 5.25 to 6.25 6 7.00 to 6.25 to 6.25 6 7.00 6 7.00 to 6.25 to 6.25 to 6.25 6 5.75 6 5.75 6 5.75 6 5.75 to 6% to 5.25 to 5.25 to 5.25 to 5.25 to 5.25 6 5.75 6 5.75 to 5.25 6 5.75 6 5.75 to 5.25 Is 1942-1947 6 5.75 Houston S D 5s Feb 1952 6 5.75 4Kb 1937-1951 J&D 6 5.75 Palestine 5s Sch Aug 11934. to 5.25 6K to 5.25 to 5,25 1933-1970 F&A 65 99K 86 1991 90 101 101 6 5% to 4.50 b 5% to 4.50 5 to 4.50 6 5.25 % to 4.75 % to 4.75 % 6 5.25 to 6 5% 4.75 % 4.75 4.75 5% 5% 5% % % 4.60 % to 4.50 to 4K 4K % 5% 5% Viewport News 4Kb '41-J&D 6 5.75 4Kb Feb 1953 F&A 6 5.75 4b Street Nov 1 1941—M&N 6 5.75 Norfolk—6s Oct 1 1950—A&O 6 6.50 5Kb School Oct 1 '51—A&O 6% 6b Municipal 1949 F&A 6% 4K 4K Municipal 1969 F&A 4K to 5 25 to to 5 .25 to 6.00 to o /o 4Kb Munfc Impt '42-M&S 6% 4Kb Renew Apr 1 '41-A&0 6% 4Kb Imp July 1940 J&J 6% 4s Impt March 1936--M&S -6% Petersburg 4Kb 1962 A&O 6 4.75 Portsmouth—5Ks 1961 F&A 5% 4Kb Imp Oct 1 1942—A&O 5% 4Kb Sch & Sew 1938—J&J S8 4Kb 1932-1954 —J&J 6% uvo 5s Water 1948 J&D 5% Richmond—4Kb 1949 J&J 6 4.45 4Kb 195# J&J 6 4.50 4Kb July 1 1964 J&J 6 4.50 4Kb July 1 1941J&J 6 4.50 4Kb July 1 1965 J&J 6 4.50 4a 1938 to 1943 J&J - 5 25 to 5K 5K 5K 5K 5K 5K 5K 4.50 to 4.50 to 4.50 to 4.50 to 4.50 to 4.50 to 4.35 to 4.40 to J&J to 4.35 to 5.10 to 5.10 to 5 .10 to 5.10 Olarksbg S D 5b *41 op '21M&S Hancock County—5a Grant Road Dlst "40 opt '32.M&N Huntington 5s 1944 Oct 5s Ind Sch D '33-'34—J&J Martlnsburg 5a '43 op '29 Dool Mercer Oo 5s *44 op ^24 A&Olfi Morgantown 5s 1932-48—J&J Parkersborg— 4Kb June 1 1933 J&D Wheeling 5s W W '32-'52-J&J 1936—July to 5.10 6 5% to 6 5% 6 5% to to 4.95 % 6 5% 6 5% to 4.95 % 6 5% 4.95 % 4.95 % to 4.95 % to 4.95 % 6 5% 6 5% to 6 to 4.95 5% 4.95 % to 4.95 WISCONSIN Appleton 4Kb 1932 F&A 98K 100 Chippewa Oo 4Kb *32-'34 99 100 DaneOo4Ksl934 M&N 98 Eau Claire 4Kb W W '33-'44 100 99 Fond du Lac 4Kb *33-'35-Mar 100K Green Bay 4Kb 1933 99 100 J&J 6 4.60 to 4.35 % 4Kb 1932-1947 95 100 6s W W 1932-1935—M&N 95 6s W W 1936-1960—-M&N 100 La Crosse 4Kb '32 op *22-F&A 100 Madison—4Kb 1932— J&D 6 4.45 J&D 6 4.45 4Kb 1933-1937 4Kb 1938-1949 Marshfleld 4Kb 1932 Milwaukee—5s J&D 6 4.45 — '32-'40 5fl July 1932-1940 J&J J&J b 4.40 J&J 6 4.40 J&J 6 4.40 4Kb 1932-1939 4Kb Park 1932-1935—J&J J&J 4KB 1932-1945 4b 1932-1938— J&J 4fl 1937-1944 J&J to 4^30 to 4.30 to 4.30 to 4.25 to 4.25 to 4.25 6 4.40 to 4.25 6 4.40 to-4.25 6 4 40 to 4.25 6 4.40 Milwaukee County— 4 Ks Ct H'se '32-'34 M&N15 6 4.55 4Ks Ot H'oe'35-'50 M&N15 6 4 55 4K« Sew Mar 12 '36-*45— 6 4.55 64.55 4Kb court h'se '36-'49J&Dl0 6 4.55 99 F&A 98 Racine—4Kb '32'-57.—M&N 4 Kb court h'se '32-'35J&D10 to 4.25 to 4.35 to 4.35 to 4.35 to 4.35 to 4,35 6s 1932-1941 F&A Racine Co 6s 1932-1940—J&J 4.40 to 4.30 to 4.40 J&J 6 4.50 to 4.40 J&J 6 4.50 to 4.40 Roanoke 4Kb Ref 1936—J&J 6 4.75 4Kb Street Impt May 1940 6 4.75 to 4.50 to 4.50 100 100 98 100 4K« 1934-1947 Superior 4Kb Scb '32-'44-J&J 6 5.00 to 4.60 Wausau 4Kb 1933— 100 A&O 98K Wood Oo—6a 1934 A&O 6 4.60 to 4.40 5s 1937 and 193# A&O 6 4.60 to 4.40 to 4.50 to 4.50 to 4.50 to 4.50 WYOMING 4s Road 1951 opt 1941 Natrona Oo 8 D No 2— A&O 6 4.50 4.25% 6 6 50 6.00% 97 99 Sheridan 6s Mar 151952-M&S /Flat price. for real estate bonds usually given here see page 111. to 5.10 A&O 5s 1932-1944 6 Basis. 4.35 4.35 4.35 4.35 A&O to J&J 6 4 "50 4Kb Pub Bldg 1941—M&N 6 4.75 4Kb Pub Bldg 1944—M&N 6 4.75 4Kb Apr 1952 A&O 6 4.75 4b Street Impt 1936 J&J 6 4.75 to Oshkosh 4K's 1932-34 4b Elec Light 1942 4s 1943 - to —J&J 1935-1953— 4.40 to 4.40 to 4b 1941 6% J&J J&J J&J July 1948-1952 to 4.50 to 5.25 75 to 4s Ref 1932 to to 5.25 Port Arthur— J&J 5s " to 5.25 to 4.35 to 4.35 Charleston 4Kb *41 opt "27J&J Charleston S. D. 5s '32-'34J&J 4s Ref Oct 1934— J&J b 4s Pub Impt 1939-1959-J&J b 5s 95 85 J&J J&J 3Ks 1943-1952 IP to 5.25 to 4.35 J&J 3Ks 1951 & 1952. Lee to 5.25 6 7.00 6 7.00 July 1940-1948 1945-1954 1932-1934— 1935-1943 4b 1939-1950 4Kb June 1 1957 J&D b County 6a 1933-41 J&J Lynchbg4Ks Pub Imp '39J&J 4Kb Pub Impt 1946—-J&J 4Kb Water 1951 J&J to 5.25 to 5.25 '39.'44.'49,'54. to 4.50 Henrico Oo Sch 5s '33-*60 J&J 6 6 5.75 6 5.75 5s 6 4.40 4Kb 4KB 4Kb 4KB to 6 6 6.25 6 7.00 59.'64— 6 58 to 4.80 4Kb Ref Aug 1942 F&A 4Kb July 1 1939-1950--J&J Fairfax Co 4Kb 1945 F&A2 b to 5.25 4^s Impt 1940-55 (t-a)_J&J to 4.50 to 6% to 6 to 5.25 6 6.50 6 5.75 debt to 4.35 to 4.35 Highway 1932-1934—J&J Highway 1935-1940—J&J F&A 6 4.30 M&N 6 4.60 J&J 4Kb ctfs Indebt 1932 J&J 4Kb ctf Indebt 1933-37—J&J llbemarle Co 5b 194# J&J Alexandria 6s 1932-1956-A&O Arlington Co 5Ks '33 '54.F&A Bristol 5 Kb Sch '34-*53 Charlottesville 5s 1962—M&S 5s Water Impt 1958—J&J Danville— to 5.20 5s Ref Oct 16 "41op'31-A&0 5s Mun Imp '33-'30—F&A 6 5.75 Sept 1932-1952-M&N Oct 26 '38 op '2S-A&0 1932-1957 J&J Imp 1934-35 (s-a).J&J Impt 1936-39 («-a)-J&J 5b "Rlddleberger " 1932—J&J 3s Funded to 5.20 Grimes Oo. 4Kb 4Kb 4Kb 4Kb 4Ks Ss to 5.20 6 6.25 6 6.25 VIRGINIA to 4.80 5B 1935-1952 to 5.20 5kb Road 1932-'54-A&010 Harris Oo 4s '47 op '17 A&O 4K« Apr 10 '32-*56-A&010 4kb Road Apr 10 '32-'60-. Houston—5s 8ewl939—M&N WEST 4.80 J&J Clarksburg 5s '32-'34 to 5.20 —J&D 6 6.25 J&D 6 6.25 1935-1969 to 4s Water 1944-40. 65 6 5.35 6 5.35 4KB 1936-1971 F&A 4 k* 1936-1964 F&A 4s Refunding 1941 J&j Galveston—6fl 1932-1935-J&J 5s Grade Rals 1944—A&O 5s School 1932-1954—M&S 5s 1933-1956 A&O 4Kb Grad, &c, '48op'28 J&j 4Kb Grad.&c,'49 op'29A&G Galveston County— 5s Bd Apr 10 "51op'3l A&O to 4.80 VIRGINIA to 5.20 5s School 1955 opt '35—j&j 6 6 50 5s Impt Aug 1 1948 F&A 6 6.50 85 4Kb 1933-1960-— A&O Fort Worth 5s 1951 A&O 6 6.25 1932-1934 6 4.60 4Kb Water '39-'43(8-a)-J&J 4KaKlL&P '42-'40(»-a)_J&J 4KsKlL&P "34-'51(s-a)A&0 to 70 58 Vlad't & Bridge Feb 10 1954 opt 1924 Apr 10 6 5.40 El Paso 5s W W Purch'50 A&O 6 6.50 5s Fund 1951 opt '31—M&S 6 6.50 5s 5s 6 4.60 4.50 to 4.80 to 4.80 5% 5% 3Kb 1932-48 —J&D 4Kb Oct 1 1932-1949—A&O Mlddlebury 4s '41op'21-M&N Rutland 4Kb 1946-48 J&J 85 6 5.35 6 5 35 Co4KsSeptl0'51 AprlCf 6 4.30 6 4.60 8.00% Spokane— 4Kb Park 1902 J&J 4Kb Bridge 1932-36—-J&J Tacoma—5s 1932-33 J&D 4s 70 to 5.20 4Kb 1932 4Kb 1933-1970 M&N_ 4Kb July 1 1932-1949--J&j 4 Hb 1932-'45 M&N 4KB 1946-'85 M&N 4s School 1932-1951—-J&j to 70 75 55 63 M&N 6 5.35 M&N 6 5.35 Dallas 5s 1932-1960 to VERMONT. 80 60 Corpus Ohrlstl 5s fd 337-F&A 6s Water 1932-1959— F&A 6 4.60 4.50 to 4.50 to 4.80 % 6 4.75 J&J Seattle School Dlst No. 1— 4a 1946-1950 M&N to 4.50 to 79 4Kb Aug 1 1933 4s May 1 1949 Salt Lake Oo 4Kb 1941 79 75 4Kb 1934-1942-—J—M&S 5s Road Mar 15 1933-1957— Cleburne 5s WW'52op*32 j&J 4.50 4.50 to 4.50 6 4.75 M&N 8.00% 8.00% 4K Lt & Pr 1939-'68 M&N 6 7.00 8.00% 4Kb Light ext 1933 J&J 6 7.00 8.00% 4Kb 1932 —A&O 6 7.00 8.00% 4Kb 1933-1940 A&O 6 7.00 8.00% 4Kb 1941-1965A&O 6 7.00 8.00% 4 Kb 1933-1935 A&O 6 7.00 8.00% 4Kb 1936-1957 A&O 6 7.00 8.00% 92 6 4.25 6 4.25 1932-1934 A&O 6 7.00 5Ks L & P 1933-43—M&N 6 7.00 5a Light & Pow 1942-50A&O 6 7.00 6 4.25 .A&O 6 4.60 4.60 .A&O Ref 1936-1945 Ref 1946-1965 to to f % F&A 4Kb Jan 1933-1955 Seattle—6b 1933-41 79 73 4s Brazoria Co— 5Ks Impt Apr 10 1956-1965 Cameron County— 6 4.25 to 4.50 5% 4Kb 1935-1950 M&N Pierce Oo 6a Sept 1 '32-37Sept Port of Seattle 5s *33-'55 M&S 8alt Lake City 8 D— 79 73 73 73 73 A&O A&O J&J J&J J&J J&D 1933-1939 5s 1940-1965 85 73 73 J&J 6 4.25 6 4.25 J&J 4Kb Refunding 1932..J&D 4Kb Ref Wat 1933—M&N Salt LakeCity— 5b Refunding 1941— ..J&J M&N 4Kb May 1 1934 4Kb refunding 1934- M&N 4a Ref 1933-1936 .A&O 5.40% 5.40% 5.40% 5.40% 3.40% 73 Beanmont 5s '52 op 5s Water Works 1954-M&S Capitol Bldg 1934 4Kb Capitol Bldg 1934—A&O 4Kb Road 1939J&J 4Kb July 1 1939 J&J 4a Capitol Bldg 1934 J£J Ogden 4K % 1932-1945 85 75 75 J&j 1932-1942 & 6 to 4.60 J&D 6b Road 1935 UTAH. 5Ks April 1 1941 Abilene 6s Feb 15 *59-'65 Amarlllo 4KB '33-'58-M&816 5s 18 to 4.60 to 4.50 4Kb Bridge 1932 M&N 4Kb Bridge 1933-1938 M&N 4Kb Bridge 1939-1949 M&N 6% TEXAS. Austin pages 6 4.75 6 4.75 6 5% 5 Kb Water 1934-1938.M&S King Oo—5s Ot H 1933—May to 5.00 to 5.25 5Ks Fdg 1935-1958—-J&J Tipton County— 4Kb Road July 2 '32-'58J&J Washington County— 5% Fdg June 1 1954—J&J White County— 5H% Highway 1955--M&S Net. 0b Gen Fund 1932-1940. -J&J Clarke Oo 5b "35 opt "25-Jan 1 Everett— 58 to 5.25 5.40 4s Courthouse Ask. WASHINGTON 102 County— 5s Aud Mkt H'se Did. 5Ka W W 1936-'65—M&N 5a Sept 1932-1953 M&S 6 5.75 98 to 5.50 4 K% J»» 1940-1951—M&8 Smith County— To or Net Ask. Banks & Trust Companies NATIONAL BANK STATEMENTS STATE AND share, not per oent, except for stocks of Canadian Institutions, monlh preceding date of issue, though often are nominal. An asterisk (•) Quotations In this department are given per ainear as possible for the closing day of the and are denote® ■ales. the national banks are from the Comptroller's Figures of deposits, capital and profits for last call; for all other Insti¬ obtainable, direct returns being procured by us where no periodic statements are required. the Clearing House banks of New York. Philadelphia and Boston, deposits are taken from the latest weekly statement. tutions they are the latest National Banks ALABAMA Dec. 31. Surplus & Profits. Capital. Cross Nomi nal. Per share. $ ion 15,117,748 638,011 1,290,432 45.940,692 100 26,917 350,186 100 1,000,000 1,000,000 500.000 1,767,436 1,319,123 115,800 15,771,778 12,015,145 1,016,950 100 N o 20 re cent 100 sa les N o re 25 Los Angeles (Concl.) Farmers & Mer. Nat- cent les Nat Bk. Amer Nat Bk&Tr Oo Bid. 5,052,902 Per $ $ $ 3,000.000 First National Bank. 1,200,000 1.200,000 1,000,000 Farmers & Mer Sav. 300,000 Central Sav Bank Merchants' Par. 69.843.809 Ask. Central Nat Bank share. 210 250 28 100 40 "26 37 100 325 100 Oakland— MobileFirst National Bank. Cross Deposits. 8,290,337 2.000.000 540,000 Security-First NatBk 30,000,000 23,052,834 479.012.864 5,000,000 Union Bank & Trust. 2,377.853 27,435,576 618,330 29,853 200,000 Wilshire Nat Bank.. 100 Woodlawn-Amerlcan Bank Surplus & Profits. Seaboard Nat Bank sa First National Bank. Dec. 31. Nomi nal. 100.000 Industrial Sav Bank. State' Institutions CALIFORNIA Capital. Ask. Bid. Par, Deposits. 1.000.000 dl ,312,544 200,000 53,386 104,782 100,000 5,000,000 5.058,632 Ensley(The) Nat Bk National Dec. 31. Dec. 31. $ Birmingham— BIrmlng'm Tr & Sav. Institutions State National Banks For 100 350 100 325 2.925.287 2,838,800 205,503 195,192 39,281,709 26,061,347 3.890.959 6.618,262 100 9,202 256,598 3,524,676 4,978,669 10,252,959 1,343,067 .2,573,688 582,647 838,531 556,072 109,668 103,763 18,255,515 20.644,460 15,770,717 1,286,075 3,633,738 100 102,717 2,136,581 1,512,629 2,544,412 100 100 Pasadena— Montgomery500,000 1,000,000 200,000 Alabama Nat Bank. First National BankUnion Bank & Tr Oo 100 100 10 15 10 11 15 229,101 76,695 225,075 143.649 , 2,179,943 661,961 1,095,981 1.441,522 300.000 305,595 National Bank- 500,000 First Trust & Sav Bk 1,000,000 100,000 /206,877 /797,553 Citizens Coml Tr & 8 120 10 82,250 2,024,102 12,270,600 1,254,439 100 130.637 887,639 First Pasadena Nat Bank- Security Nat Bank. . 300,000 N o 25 re cent 100 sa les 100 100 Selma— 400,000 100,000 i 200,000 100.000 City National Bank. People's Bk & Tr Oo. Sacramento— 100 100 N o re cent 100 sales Selma Tr & Sav Bank California Nat Bank- 2,000,000 California Tr & S Bk Capital Nat Bank— 450,000 500,000 Citizens Bk of Sacra. Selma National Bank 50,000 Merchants Nat Bank 200.000 /200 a BOO" inn 1300 /150 100 100 SanBernardino— National Banks Dec. 31. - American Nat Bank. State Institutions ARIZONA San Bernardino N Bk Dec. 31. San Bern Co Sav Bk Nomi nal. Per Bisbee—- 200,000 250,000 Miners & March Bk. 121,004 266,734 2.472.722 3,085,653 81.698 361,702 573,358 328,749 604,749 3,847,118 4,285,053 4,737,870 3,849,573 10,268,470 share. San Diego Tr & S Bk 100 250.000 300.000 500.000 Bank of Bisbee San Diego— First Nat T & S Bk 100 Security Tr & Sav Bk 100 United States Nat Bk Phoenix— The Arizona Bank First Nat Bk of Ariz. Phoenix Nat Bank.. Phoenix Sav Bk & Tr 250.000 1,050.000 Valley Bank & Tr Oo 150,000 100,000 150.000 N o 25 re cent 25 sa 20 1.000,000 fl ,032,055 798,352 500.000 600.000 340,444 lOO.Oix. Anglo&London-Paris National Bank-.g? 10,000,000 Bank of Calif, N A. Bank of Canton Ltd. 25 65,502 23,613,440 11,134,024 4,783,441 1,505,436 o 100 re cent 100 sa les 25 Cl2 14 25 75 85 100 75 80 100 80 90 8,500,000 3 'O.000 8,408,152 113,718,870 9,260,010 93,212,829 743,288 30,464 65 75 100 100 103 X 107 Bank of Amer Nat Tr & Savs 400.000 250.000 100.000 Consolidated Nat Bk Sou Arizona Bk & Tr United Bk & Tr Oo.. Bank of Montreal.. ino 7.745,240 4.772,348 1.000,000 99.479 /367.960 125,000 Assoc Canadian Bk of Com 100 City National Bank. Crocker First Nat Bk The San Fran Bank. 26 50.000.000 54,290,312 749,796,772 100 3.066,264 201,626 1,000,000 100 13,647,406 504,001 1,300,000 1,607,434 67,050 625,000 6.000,000 4.289,496 67,228,652 "loo 5,050.000 147,010,611 tooo 1.000,000 Pacific Nat Bank.. ARKANSAS Dec. 31. Dec. 9,000,000 31. Per Fort Smith— 200,000 500,000 500.000 Merchants Nat Bank 52,494 147,055 216,299 361,343 401,078 836,177 7,006,346 3,271.066 8,264.867 3,560,989 Peoples Trust Co Union Trust Co W B Worthen Co 100 71,013 /596,321 1,200,757 5,750,568 Trust 3,140,351 76,251,325 100 1.500,000 Co o 25 re les Commercial Nat Bk. Farm & Mer Sav Bk. 25 First National Bank. 100 too 1,948,436 40,865,997 I CALIFORNIA 145 200 50 600,000 500.000 906,067 72,054 7,652,662 2,164,477 100 200,000 150.000 53,385 25 219,014 No 25 re sa enfc Jes 20 25 300 325 750,000 373,580 1,185,664 2,979,913 9,126,931 200,000 1,000,000 594,812 1,140,119 2,780,464 9,466,137 100 N o re cent 61,000 1.899,570 100 sa les Stockton— First National Bank. National Banks 165 Santa Ana— cent sa Pine Bluff— OottonBeltBk&TrCo Simmons Nat Bank. 155 San Jose— San Jose Nat Bank.. 100 . 240 "100 First National Bank- 25 N Bankers Trust Co share. 100 Little RockTwin City Bank.... 183 100 Crocker First Federal inal. 100 2,649,656 6,936,539 6,528,495 100,000 200.000 First National Bank- 70,522 727,773 560,077 100,000 600,000 350,000 500.000 200,000 Olty National Bank. 7,215,842 8.236.426 150,547,422 Anglo-Calif Trust Co 01,500,000 Nom 455,278 8,553,540 320.643 1,225,000 Yokohama Specie Bk American Trust Co.. 10,000,000 12,571,172 220,205,171 Institutions State 1.000.000 Wells Fargo Bank & Union Trust Co Banks Dec. 31. 436,656 N 100 San Francisco— Tucson— National 276.286 Stockton S & L Bank 25 Union Safe 375 100 Dep Bk & 375,000 i Trust 100 Institutions State Dec. 31. CANADA urin) Nomi nal. Per Long Beach— share. * 20 300,000 1,000,000 100,000 225,000 131,686 634,191 160,146 195,731 3,843,332 11,316,620 100 N o none 100 re cent 100 sa Bank of America 4.000,000 Bank California Trust Co. 5.000,000 1.000,000 2,282,236 4,880,527 772,619 49,423,958 90,459,789 5,000,000 10,902,182 96,762,414 Oallf First Nat Bank Farmers & Merch Bk Farm & Merch Tr Oo Western Tr & Sav Bk a a 1 "25 "~37_" to 100 Cltizens Nat Trust & Savings Bank Owned by the California National Bank. d les 20 36 39 a Owned by the San Diego First National Oo. April 11 1932 e 2,350.727 Los Angeles— California Sale price. c Trust deposits. / March 31 1932. (7 Merger of the Anglo & London-Paris National Bank and the AngloCalifornia Trust Co. (affiliated institutions) to be voted upon at special meetings of stockholders to be held on June 24, 1932. i Sept. 29 1931. I Last sale price. x Ex-dividend. 102 BANKS National Banks Capital. Surplus & Profits. TRUST COMPANIES National Banks Institutions State COLORADO Dec. 31. AND DIST.0F COLUMBIA SM*£cs!tta°ns Dec. 31. Dec. 31. , Gross Par, Deposits Bid. Ask. Capital. Surplus & Profits. Gross Par. Deposits. liid. Per Oo) orado Sa v 50.000 100.000 300.000 Colorado Spgs Nat B Exchange Nat Bank. First National BankColo Title & Tr Co.. 300.000 150.000 2.071,138 1,664.672 5,567,996 6,305,612 1.580,677 6,107 ,461 3,014 .770 36,415 .995 623 ,000 24,031 ,552 38,630 ,307 604 ,039 1,434 ,582 18,189 ,646 654 ,456 11.554 ,364 1,063,724 10C Munsey Trust Co Union Trust Co U S National Bank-. 250.000 550.000 Guardian Trust Co— International Tr Co. 120.000 500.000 480,519 109,988 1,601,654 115,000 1,289,343 2,358,130 31,993 125,923 1,913,389 91,260 1,761,785 100.000 25,099 500,000 500.000 Central Sav Bk & Tr Colorado Nat Bank. 1.000.000 50.000 1,500.000 1,500.000 200,000 Colorado State Bank Denver Nat Bank First National BankSouth B'way Nat Bk Stock Yards Nat Bk_ 250.000 1,000,000 100,000 106,040 1.000.000 Columbia Nat Bank- 204,822 143,179 304,459 396,187 78,178 Departmental Bank- 100 District Nat Bank- 10< 2.000,000 1,284.395 Liberty Nat BankLincoln Nat Bank— 225,000 500,000 400,000 McLachlen Bkg Corp Mt Vernon Sav Bank 150.000 400.000 Wash- 1,050,000 200,000 800,000 3,000.000 750,000 150,562 330,000 788,228 229.096 150,000 1,143,598 Amer Nat'l Bank & Trust CoFranklin Nat Bank- 100 N loo o re cent 100 100 les Nat Bank of Nat 100 Capital Bank— Metropol Bank. Rlggs National Bank 100 Second Nat Bank— 100 Secur Sav & Com Bk 100 Wash'ton Sav Bank- sa Nat 3,400.000 1,000.000 2.000.000 2,000.000 100,000 1.000.000 Nat'l Sav & Tr Co— Pueblo— First National Bank. 500,000 1,035,588 30,000 139,137 100,000 105,211 100.000 b 282,508 Western Nat Bank— Pueblo Sav & Tr Co. 14,253,212 1,893,453 1,840,432 4,250,019 U S Savings Bank— Wash Loan & Tr Co- 100 CONNECTICUT 125,000 1,750.000 300,000 300,000 200,000 100,000 300,000 Black Rock Bk & Tr_ Bridgep't City Tr Co Amer Bank & Tr Co Oomm'l Bk & Tr Co. Fairfield Trust Co North End Bk & Tr. West Side Bank. — _ 1,721,293 54,169 1,961,573 229,824 90,274 217,303 121,992 351,592 17,177,757 1,128,960 22,290,076 6,207,307 3,078,818 1,147,144 1,484,609 3,489,353 20 First National Bank. Glastonbury Bk & Tr Hartford Nat Bk & T Industrial Bank Phoenix St Bk & Tr. Bankers Trust Co Hartford-Conn Tr Oo Park Street Tr Co Riverside Trust Co. 3,000,000 200,000 Simsbury Bk & Tr Oo 125,000 100,000 250.000 _ So End Bk & Tr Co. Travelers Bk & Tr Co West Hartford Tr Co Windsor Trust Co 500.000 200,000 100.000 4,061,379 256,827 261,691 138,551 67,224 862,936 248,270 130,323 2,921,725 6.419,759 12,193,870 1,565,788 37,192,785 3,883,601 27,404,543 100 125 25 100 100 150 25 100 100,000 Florida Nat Bank—- (71.500,000 488,266 440 180 220 100 175 275 310 100 350 360 — 100 mm —mm' 100 100 165 100 250 435 195 500 10 . 299 100 100 » 315 375 100 400 •«* mm'' ' 100 200 100 530 630 100 16,409,944 190 400 440 State Institution* Dec. 31. share. 10 30,068 964,268 100 100 100.000 64,099 1,099,954 25 100.000 1,200.000 14,830,215 t 240,907 1,752.847 100 100 400,000 50,000 524,703 106,666 107,289 300,000 / 151,794 3,361,321 100 200,000 100,000 206,859 1,979,544 2,111,363 100 25 Lakeland— Florida Nat Bank— g First National BankFirst Tr & Sav Bank. Florida Nat Bk & Tr 100 200 30 450 100 140 50 90 Beach 100.000 / 1 First Bank Orlando— First Nat Bk & Tr Co 100 10 24 Florida Bank 77.348 re cen sa 70 25 75 50 75 9.581,018 100 100 800,000 200.000 237,768 156,543 3,452,384 2,654,984 St. Augustine— People's Bk for Sav St Augustine Nat Bk 25,000 100.000 103,215 87,877 560,229 1,655,629 100 200.000 108,984 2,034,277 25 1,250.000 / 737,198 1.500.000 /l,036,919 . 200' les 100 Cit & People's Nat Bk 500 N 100 Pensacola— American Nat Bank. 100 190 100 o.... 25 100 M145,484 77,509 244,396 100,000 Meriden Nat Bank— Meriden Tr & S D Co Puritan Bk & Tr Co. 400 100 27,833,111 16,441,411 731,151 17,101,007 Citlzens Bank - St. Petersburg— Florida Nat Bank g 100 100 25 Tampa— Exchange Nat Bank. 200,000 500,000 200,000 100,000 100,000 100 100 Per Bk of Miami & Tr Co 100 438,717 1,416,335 481,164 5,452,493 1,760,321 5,651 100 100 1,776,438 100 25 N 100,000 / 45,541 2,615,271 100 100 100 o re cent sa 226,324 10,770,197 13,193,653 1,427,269 100 500.000 / First National BankFirst Sav&Tr Co Meriden— First National BankHome National Bank 210 Miami— 100 3,670,950 2,508,220 -1,727,099 450,507 1,983,382 1.302,555 190 100 100 23,927",074 45 42^ 100 90 National 600,000 437,648 150.000 1,181,449 1,150,000 /l,249,305 100,000 132,287 4,000,000 5,202,520 100,000 265,021 1.600,000 2,510,878 a 250,000 382,716 mm Nomi nal. / 625.584 f2.637.631 Miami Hartford— Capitol Nat Bk & Tr Conn River Bkg Co. mm — 210 100 604.056 30,552,707 13,949,047 4,338,267 8,693,617 2.483.894 FLORIDA Atlantic Nat Bank— d3,000,000 Barnett N B of Jack. 1,500,000 Nomi nal. Per share. 1,000,000 m m 196 100 Jacksonville— Dec. 31. BridgeportFirst Nat Bk & Tr Co mm 10 100 Institutions State 325 100 Dec. 31. Dec. 31. 200 10 100 National Banks National Banks 274.504 1,578,554 3,991.937 541,311 347,519 10,639 4,158,897 2,968,355 1,536,534 1,187,592 249,807 2,550,064 300.000 100 000 Amer Secur & Tr Co_ Minnequa Bank 425 183 Federal 100 100 375 100 16,514,116 4,608,186 3,033,148 6,436.041 2,056,999 3,732,794 9,366,433 1,574,621 17,267,697 54,054.230 6.231,595 5,924.501 100 share. 100 4,534,885 13,867,973 1,756,857 1,276,054 7,824,049 100 Leadville— Carbonate Amer N B 623,639 675,210 209,295 38,630 602.966 Commercial Nat Bk_ BankofComm & Sav 101 Denver— American Nat Bank- Per Washington— share. $ ilank.. Ask. Nomi nal. Nomi nal. les West Palm Beach West Palm Beach At¬ lantic Nat Bank. _- d New Haven— Amer Bank & Tr Co First Nat Bk & Tr Co 1,260,000 /1,665,994 300,000 1,598,394 500,000 622.658 1,600,000 /2,038.529 500,000 363,559 750,000 1,543,128 1,458.700 1.965,344 Mechanics' Bank Merchants Nat Bank New Haven Bk N B A Nat Tradesm Bk & T Second Nat Bank Un & N Haven Tr Co 2,102.946 17.989,696 17.896.853 8,062,580 7.983.914 3,986,944 9,092,041 12,504,763 150 100 100 200 160 250 40 "50 175 200 50 100 150 100 100 100 100 250 190 210 300,000 623,219 5,134,252 100 National Bank—. Union Bk & Tr Co_. 200,000 300,000 Wlnthrop Trust Co.. 150.000 153,981 336,166 97,947 2,881,297 1,345,773 1,190,842 100 100 100 Nomi nal. Per share. AtlantaAmerican Sav Bank. Citiz & So Nat BankFirst Nat Bank 133,904 5.000.000 r3,333,156 5,400,000 6,643,520 Fulton Nat Bank Ga Sav Bk & Tr Co Trust Co of Georgia_ 1.000.000 500.000 2.000.000 — N o re cent sa les Uncas-Merch Nat Bk 308,000 136,511 3,850,594 1,252,405 No 100 100 re cent sa Stamford— First-Stamford Nat'l Bank & Trust Co 1,000,000 People's National Bk Fidelity Title&Tr Co 150.000 200,000 700,000 Stamford Trust Co__ 1,351,813 S121.065 1,409,661 1,770,023 8,512,645 2,462,788 4,940,207 8,067,745 100 200 125 100 250 225" 100 100 250" 150 Waterbury— 600,000 500,000 1.000,000 Waterbury Nat Bank Colonial Trust Oo Waterbury Trust Co 300.000 879,336 604,427 3,110,000 603,290 10,214,278 4,635,918 6,874,680 3,106,218 100 150 50 75 100 375 150 100 611,456 613,269 3,005,930 243,488 56,210,819 73,919,215 14,344,974 3,045,225 9,229,889 1,000,000 662,183 5,000.000 r3,333,156 400.000 177,405 6,850,497 56,210,819 2,879,623 100 861,586 139,423 68,195 343.444 220,089 5.548,824 1,625,001 1.013.155 1,676,856 1,338,217 100 100 100 100 100 5,000.000 r3,333,156 500.000 263,390 50.000 138,060 56,210,819 7,099,622 591,479 100 5,000.000 r3,333,156 600,000 142.061 700,000 236,845 300,000 93,766 56,210,819 4,556,018 1,734,280 803,675 10 100 100 e Columbus— Columbus Bk & Tr— 850,000 300,000 Fourth Nat Bank Home Savings BankMerch & Mech Bank First Nat Bk of Col.. 100.000 200.000 200.000 100 tlO 10 11 22 25 100 100 tlO 100 9 H N e tlO 10 9H 12 Liberty Nat Bk & Tr Savannah Bk & Tr„ Citizens Bk & Tr Co_ e 10 9^ Sale price, t Branch of Savannah, Dec. 31. t Minifrmm price. DELAWARE State Institutions a Dec. 31. Affiliate of the Hartford National Co. 6 March 1 1932. d Member of the Atlantic Nomi nal. Per share. Wilmington— Central Nat Bank Farmers' Bank Industrial Trust Go_ Union Nat Bank Delaware Trust Co__ Equitable Trust GoSecurity Trust Co Wilmington Tr Co_ . 210,000 341,357 500,000 2,770,779 2.000,000 360.767 203.175 908,950 1,000.000 625,474 1,500,000 /3,074.946 1.121,000 1,688,532 4.000,000 10,547,727 1.650.966 27,965,683 2,132,179 3.532.967 7,826,384 9,125,682 9,663,851 23,517,410 100 115 125 50 230 250 50 20 35 25 98 107 100 25 150 200 60 75 100 50 210 250 150 165 o re cent sa les 11 15 Savannah— Citiz & So Nat Bank- * National Banks 11 90 Macon— Citiz & So Nat BankFirst Nat Bk & Tr Oo Macon Savings Bank Citiz & Mfrs' Nat Bk 200.000 Augusta— Georgia RR Bk & Tr Citiz & So Nat BankNat Exchange Bank- Norwich— 550,000 200,000 Institutions March 31. 170 New London— Nat Bk of Commerce New London City Thames Bk & Tr State GEORGIA Dec. 31. 120 200 National Banks e Group in Florida. Affiliate of the First National Bank of Atlanta. Ga. /March 31 1932. g h Member of the Florida National Group. Affiliated with the Barnett National Bank of Jacksonville, Fla. i Capital reduced from 81,100,000 to 8550,000. I Last sale. r s Combined statement, June 30 1931. t Trust funds. w Sept. 29 1931. a; Ex-dividend. Ex-rights. y | 11 8 100 100 BANKS National Banks AND TRUST National Banks IDAHO Dec. 31. Capital. Gross Deposits. Bid. Par. Ask. Surplus A Profits. Capital. Institutions Btate ILLINOIS Dec. 31. Surplus <Sc Profits. 103 COMPANIES Dec. 31. Gross Par. Deposits. Bid. Nomi nal. Boise City— $ 108,215 324,487 289,444 % 375.000 Per $ share. Elgin— Elgin City Bkg Co.. 300,000 150,000 s 3,160.823 7,446,830 4,276,411 100.000 300,000 100,000 300,000 % 124,542 198,021 159,039 217,226 Joliet— First National Bank. Boise City Nat Bank First Nat of Idaho-. First Security Bank. Ask. Nomi nal. 1,040,000 200,000 600,000 2,000,000 660,000 700,435 2,065,609 1,157,528 Illinois State Bank.. State St Bk & Tr Co. 300,000 260,720 300.000 67,969 State Savs Ln & TrCo 500.000 200.000 141.159 5200,000 125,000 6500,000 380,227 455,897 Ridgely-Farm's S Bk Springfield MarineBk 500.000 300,000 600.000 500.000 (7323,061 (7169.400 290,094 521,837 First State Tr & S Bk 500,000 204,200 S 100 N 0 Elgin Nat'l Bank 100 25 re cent sa les First Nat'l Bank Union Nat'l Bank ■ $ 981,857 Per share. 100 2,181,996 1,241,214 100 2,129,068 100 d503.833 9,399,906 20 69,178 1.174,716 6,447,035 19,141,546 100 8,937,678 20 100 * National Banks Institutions Mar. 30. tilatr ILLINOIS Dec. 31. Peoria— Bank of Peoria. Nomi nal. Aurora— Per Aurora Nat Bank B'way Tr & Sav Bk. First Natl Bk in Auro Merchants Nat Bank Old Second Nat Bank 128,964 229,570 249,192 182,505 240,459 300,00U 200,000 200,000 300,000 200,000 _. N Quincy— 100 910,800 3,737,670 1.738,144 1,725,121 100 N o 100 re cent 100 sa les Mercantile Tr & S Bk 100 121,108 2,723,638 2,486,770 2,489,737 2,747,923 0 100 re cent 100 sa les 50 100 Rockford— St Clair Nat Bank-. Fidelity Trust Co 239,285 150,000 100,000 300,000 £>28,770 444,721 398,451 186,455 200.000 150,000 250,000 1,327,910 343,491 2,931,735 3,488,923 1,468.041 300 Commercial Nat Bk. Swedish-Am Nat Bk. 355" Third Nat'l Bank 100 3C0 400 100 250 275 100 100 100 Adams State Bank-. 0 i 1,192.686 3,157,288 763,478 9.580.756 2,514,860 100 Bowmanville Nat Bk 100,000 500,000 300,000 99,616 187,841 219.801 258,908 62,724 535,238 122.331 Central Mfg DIst Bk 600.000 1,054.012 Aetna State Bank Alliance Nat Bank_. Austin State Bank.. Beverly State Sav Bk Boulevard Bridge Bk 200.000 200,000 200,000 500,000 110 120 100 100 80 100 51 53 7,528,720 4.302,197 662,254,649 4,404,308 1,292,298 965,961 582,454 3,804,184 13,909,325 893,395 50 10 12 ~~7l~ "73" 816,924 760,183 70660 334 697,132 216,321 483,357 5,862 394,661 . <*780,201 230,658 Dec. 31. 200,000 200,000 43,369 305,305 461,591 148,539 56,384 197,692 4,198,936 956,056 1,091,405 1,959,338 5,565,993 4,577.418 1.868.757 100 Phillip State Bk & Tr Pioneer Tr & Sav Bk Prudential St Sav Bk Reliance Bk & Tr Co Ravenswood Nat Bk Per 100 Citizens Tr & Sav Bk 100 National City Bank. Old Nat'l Bank 100 100 120 100 100 Skala State Bank So Chicago Sav Bk South Shore State Bk State Bk of Clearing. State Bk of W Pullm Stock Yards Nat Bk. Stk Yds Tr & SaV Bk Straus N B & Tr Co. Terminal Nat Bank. Universal State Bk_. Unlv at Bk or Unic__ Upper Avenue Bans.. Uptown State BankW est Irving btate Bk West 31st atate Bk__ Western State Bank. Amalg Tr & Sav Bk. Banco di JNapoli Tr. Bway Tr & Sav Bank Bk Chic City Bk Tr.. Congress Tr & S Bk. Commonw T S Bk. Devon Tr & Sav Bk_ Drovers Tr & Sav Bk East Side Tr & S Bk. Harris Tr est Sav Bk_ Ho ward Ave T est S Bk Lake Shore Tr est S Bk Bake view Tr est S Bk. Llberty Tr & Sav Bk Madlson-Kedzie Trest Savings Bank Mercantile Tr est Sav. Merchandlse Bk est Tr Mid-City Tr est s Bk. Northern Trust Co Peoples" Tr est Sav Bk Pullman Tr est Sav Bk Unit Am Tr est Sav Bk W Side Tr & Sav Bk. Woodlawn Tr esc 8 Bk share. 100 1300 100 325 100 225 240 100 250 260 20 459,820 368,021 9,235,518 1,094,727 8,110,889 8,972,904 1,250,000 1,104,003 1,750,000 cl,803,054 639,035 500,000 ' 200,000 300,000 1,254,643 300.000 10,589,953 20 21,548,541 3,047.752 1,300,000 4,813,905 20 607,329 1,725,483 697,191 178,598 500.000 100.000 500,000 500.000 110 Fort Wayne— 100 100 148 152 Old First Nat Bk &Tr Citizens' Trust Co.. 100 100 350" 375" Dime Trust & Sav Co 100 100 90 100 People's Tr & Sav Co 100 60 70 100 "25" ~40" 25 40 20 25" 20 22 20 120 4,460,275 100 300 350 37,019,578 707,142 36,207,245 571,524 665,669 13,952,168 100 100 190 210 100 95 60 Gary— 600,000 300,000 200,000 300,000 1,600,000 350,000 500,000 200.000 1,004,353 285,833 202,407 130,656 300,000 266,347 952,261 1.096,000 756,888 723,604 2,932,268 300,000 500,000 600,000 1,000,000 1,000,000 2,000,000 500,000 750,000 200,000 750,000 200,000 126,511 193,940 281,511 756,159 380,684 1,235,917 263,940 752,351 143.287 802,058 39,454 2,359.947 4,719,010 2,774,369 4,605,703 6,916,683 6.491,187 2,625,742 2,981.986 939,512 4,414,059 977,066 200.000 2,137.325 3,160,719 337,500 1,000,000 750,000 S6.230 356,466 528,829 48,047 665.000 122,604 87,000 46,283 563,582 643,120 700,000 339,871 200.000 298,149 300.000 300.000 500.000 264.046 200,000 200,000 250,000 225,(105 115,701 200,000 Gary State Bank Indianapolis— 2 13 15 100 70 80 Fountain Sq State Bk 10 30 35 Indiana Nat Bank.. 3,600,000 100.000 2,000,000 100 Live Stock Exch Bk_ 200.000 100 Marlon Co State Bk. 50,000 Merchants' Nat Bk__ 1,250,000 200,000 250,000 500,000 100 ioo 100 100 110 120 20 10U Fletcher-Am Nat Bk People's State Bank. Aetna Tr & Sav Co.. "205" 220" Bankers Trust Co 80 90 Fletcher 85 95 Indiana Trust Co "90" Security Trust Co 165" 20 100 ""90" "65" "75" 350,000 700,000 200,006 800,000 200,000 100,000 200,000 2,000,000 4.152,436 594,639 3,049.488 775,781 937,000 347,073 13,336,300 7,000.590 11,382,303 5,271,014 100 100.000 1.500,000 1,000.000 200,000 600,000 112,500 700,000 500,000 600,000 250.000 800,000 318,962 241,600 143.015 53,248 351,191 4,823,036 1100 4.110,129 100 3,860,421 100 1,151,674 100 3,653,121 500,000 600,000 500,000 614,244 505,347 806,437 5,700,126 6,705,719 100 230 235 100 230 240 5,884,474 100 100 275" 100 2,083,301 100 1,490,696 1,624,579 1,464,044 26.996,227 10,407,991 3,463.661 10,765,859 332,850 100 100 100 190 100 100 100 100 210 190 100 500 100 South Bend— Citizens Nat Bank.. Citizens Tr & Sav Bk "165" 116" First Bank & Tr Co. Merchants Nat Bank 25 35 o cent sa les 39 lUU Terre Haute— "ioo" 126" First 100 ""45 "50" Terre Haute N B & T 100 70 80 Terre Haute Trust.. 100 109.067 2,808,090 135,102 35,000 2.250,344 383,362 57,485 592,285 185,428 1,627,717 1,552,685 563,500 2,505,257 22,500 loo" 100 100 Union Trust Co United Labor Bk&Tr 100 100 Trust Oo__ St Jos L'n & Tr Co.. Sears-Oom State Bk. Second Security Bk. Security Bank Dec. 31. Nomi nal. Citizens' Nat Bank-. Fidelity Trust Co._. Peoples Nat Bk & Tr Personal Ln & Sav Bk Institutions Stale Evansville— 100 100 Hyde-Park-Kenwood Nat Bk of Woodlawn Nat'l Builders BankNorth Ave State Bk. Oak Park Tr&Sav Bk INDIANA 100 Lincoln Nat Bk & Tr First National Bk 25,000,000 d27773 401 411,141,716 First Union T & S Bk 5,719,044 186,497,411 10.000,000 First Nat Englewood (1758,003 5,252,853 200,000 Halsted St State Bk. 257,900 1,421,286 Midland Nat Bank.. Mutual Nat Bk of Ch 100 100 90 100 300,000 250,000 500,000 1,000,000 First Englew St Bk_. Q 200,000 Jefferson Park Nat_. Kaspar Amer St Bk. Lawndale Nat BankLawndale State Bk_. Logan Sq St & Sav Bk Mad Sq State Bank. Metrop State BanK__ 100 100 50 5,564,689 Division State BankDouglass Nat Bank Drexel State Bank.. Drovers Nat Bank.. Nat'l Bank IO Bank & Tr Co... Jackson Park Nat Bk IOO 110 70 40 12023 590 160,198,332 Oosmopolitan St Bk_ yl,000,000 Oottage Grove St Bk 200,000 . 5,662,607 3,772,337 5,135,407 6,511,105 4,179,494 100 100 100 100 National Banks Hamilton State Bk_ 100 100 Republic Bank & Trust Co. 14,000,000 Chic Bank of Comm. 1,500,000 Oitiz State Bk of Chic e 750,000 Oont 111 Bk & Tr Co. 75.000,000 937,651 2,218,364 4,194,183 Springfield— First National Bank. Illinois Nat Bank 100 05,858 0100 100 819,165 113,873 450 Chicago— ChatfieldTr & Sav 50 20 share. 2,179,612 Belleville— Belleville Bk & Tr Co Belleville Nat BankBelleville Sav Bank. First National Bank. Central _ Cent Nat Bk & Tr Co Com Mer Nat Bk & T First National Bank. 100 McKeen Nat'l Bank & Trust 250 ...... "20 100 "96" 20 5H 100 6 940,110 1,639.771 2,014,729 2,606.556 485.906 374,469 929.007 100 80 100 90 2,244,175 879,026 622,914 100 200,000 350.000 149,085 103,701 67,414 38,287 1,981,526 80,050 119,234 101,630 825.377 200.000 6.000.000 200.000 600,000 500.000 1,000.000 162,419 7,625,580 20,000 445.760 1,408,006 i, .69,449 500,831 85,900,074 305,000 100 "~65~ 100 240 260 100 65 1,039,173 448,650 512,923 558,755 8,061,884 1,550,713 334,000 5,903.072 7,415,113 4,579,496 6,178,051 88,157,828 22,600,541 3,153,000 2,101,000 7,793,892 100 70 80 100 70 'loo 70 "80" 100 75 85 Dec. 31. 90 3,571.654 Institutions State 75 1,000.000 600.000 500.000 1.000.000 IOWA Dec. 31. 100 5.467,825 5,930,884 5,307.816 National Banks 200.000 136,456 117,944 51,439 100,000 30.567 212,443 350.000 100 80 100 «• 90 100 100 lou 100 100 125 «• 95 166" 200.000 200,000 1,600,000 500.000 200,000 1.000,000 600.000 452,900 363,437 State Cedar 40 N 0 50 90 105 Rapids— Ced Rap SB&Tr Co¬ lo wa State Sav Bk__ 200.000 100 People's Sav Bank.. Amer Tr & Sav Bk_. 100,000 200.000 100 150 210 63,275 2,822,329 1,826,722 19,720.406 2,040,321 2,033,489 les 100 100 100 100 100 175 200 187,946 1,057,178 92,546 216,890 cent sa 200.000 500.000 100 100 600.000 100 Tr Merchants' Nat Bk_ 100 6,364,114 685,000 100 100 467,355 share. 100 052,279 5,500,000 1,133,602 300.000 50,000 re * Sale price. 100 75* 6 The 90 Too 90 100 110 100 238 245 100 45 100 167 Third National Bank on National c 3,000,000 2,500,000 500,000 750,000 Iowa & Sav Bank 'iou 389,546 7,852.092 1,976.418 638,969 793,000 5,747,900 Per Farmers & Merch S B First ' 200,000 300,000 Nomi nal. Burlington— Amer S Bk & Tr Oo_ April 18 1932 acquired the Commercial Bank, both of Rockford, 111. March 31 1932. d March 30 1932. e 0 Closed by State Bank Examiner at request of directors on Affiliate of the National Republic Bancorporation. k New stock. 1 Last sale. 0 Sept. 29 1931. s June 30 1931. t Trust deposits. x Ex-dividend. y Ex-rights. 1 May 26 1932. 104 BAfflS National Banks Institutions Dec. 31. Par. Deposits. Did. Council Bluffs— Oity National Bank. $ % 120,000 150,000 300,000 160.000 v, 95,306 jg 1,569,345 3,065,675 3,195,039 3,212,208 205,929 84,164 210.501 Ask. Nomi nal Per share. • Coun Bluffs Say Bk_ First National BankState Savings Bank- National Banks Dec. 31. 100 100 a65,544 141,142 1.374,788 1.600,000 Union Sav Bk&TrOo 50,000 100.000 1.308,953 24,798,550 Bankers Trust Oo 1,000,010 7,156,516 2,531,514 9,998,554 111,035 309.393 100,000 50,000 500,000 1.161,207 fl83,716 2,117 227,604 159.000 New Orleans— $ 1.000.000 $ 631,958 11,159.621 100 6.075.000 3,136,332 53,277,381 15 202.500 54,645 1.212,489 5,626,565 3,707,627 1,784,259 14,939,050 100 72,433,535 49,527,526 25 25 72,433,535 25 $ ■ Per share. — — i-i Continental Bank & Trust Co Int-State Tr & B Oo. 750,000 r2,800,000 Whitney Nat Bank. Hlbernia Bk & Tr Oo 2,500.000 Whitney Trust & rl ,000,000 Savings Bank 5,626,565 Shreveport— First National Bank1,000,000 k 607,346 500,000 k 584,959 Oity Sav Bk & Tr Oo Commercial Nat Bk_ 1.000,000 736,791 700,000 Oont'l-Am B & Tr Oo 183,668 100 _ 100 100 100 100 N 0 re cent sa'les 1 12,138,276 uoo 5,760,103 /—■ 15,624,887 100 100 5,106,170 1 26,994,707 MOO 261,370 500,000 200,000 50,000 300,000 Home Savings Bank. University State Bk. Valley Nat Bank Valley Sav Bank-^-- Ask. Nomi nal. 100 100 *454,370 271,679 150,000 Central Nt Bk&TrOo 250,000 Iowa-Des Moines Nat Bk & Tr h2,000.000 Bid. Par. Deposits. Oanal Bank & Trust Des Moines— Gap Oity State Bank Dec. 31. Gross Surplus & Profits. Capital. American Bank & Tr Davenport— Home Savings Bank. American Trust Oo_ b State Institutions LOUISIANA Cross Surplus & Profits. Capital. COMPANIES TRUST State IOWA Dec. 31. AND 347,040 48,722 270,844 100 1,553,167 363,882 too 4,099,813 /1O0 3,235,048 I 10 N 0 re cent sa les National Banks Institutions State MAINE Dec. "SI. Dec. 31. Dubuque— Oonsol Nat Bank First National Bank. Amer Tr & Sav Bank Iowa Trust A Sav Bk 116,918 5,848,867 5.083,596 896,245 1,854,808 Nomimal. 100 100 First Nat Granite Bk 300,000 101 Augusta Trust Oo— State Trust Oo 400.000 Sioux CityFirst National Bank 400.000 Live Stock Nat Bank: A200.000 172,586 215,670 Toy Nat Bank Security Nat Bank.. Woodbury Oo Sav Bk 200,000 250,000 100,000 225,625 317,319 172,137 National Banks 6,758,662 5,663,950 2.594,143 Bangor— Merchants" Nat Bk. Eastern Tr & Bkg Oo Merrill Trust Oo Portland— Oanal National Bank First National BankPortland Nat BankFidelity Trust Oo— Oasco-Mercantile Tr 10 3,002,192 5,559,351 MOU 100 100 100 Nomi nal. Hutchinson— Per American Nat Bank- 150,000 150,000 250,000 Exchange Nat Bank. First National Bank. Kansas 57,731 u90,000 162,696 935,730 1,350.000 2,591,254 100 share. N o 100 re cent 100 sa les City— Oomm'l N Bk of K O 750,000 200.000 200,000 100,000 Exchange State Bank People's Nat Bank.. River view State Bk_ 302,496 151,972 78,082 172,153 9,410,329 1,918,054 2,207,569 1,866,139 90 150 100 100 100 100 95 225 100 105 250 160 150,000 150,000 50,000 134,328 u231,087 21,300 2,669,707 2,792,520 781,107 500,000 d Fidelity Sav State Bk Guaranty State Bank Kaw Valley State Bk 200,000 t 50,000 t 50,000 200,000 500,000 100,000 50,000 400.000 Merchants' Nat Bk_ Nat Bank of Topeka State Savings Bank. Topeka State Bank.. 174,394 219,051 61,799 71,705 21,024 154,969 554,613 58,323 65,747 No 100 re 3.649.948 100 sa 100.000 255.719 100 300 175.000 1.000.000 939.896 1.035,556 5.456.316 7,493.973 20.606,944 100 450 375 550 600.000 551.232 500,302 600.000 425,000 1,000.000 200,000 100.000 300,000 Oalvert Bank Oanton Nat Bank— Oommonw'lth Bank. Mercantile Bank— First National Bank. Nat Oent Bk of Bait- Western Nat Bank., les 110 110 30,212,657 19,252.763 100 165 150 100 State Institutions March 31. 430,324 2.433,961 2.277,189 2,518,388 4,106,283 215,212 3.904.775 1,046,394 6,599.819 89,171 959,506 t 128,601 232,242 131,876 400.000 Union Trust Oo sa 100 100 150 130 50 8,422,272 6,590.779 2,947,271 5,269.417 2,770.637 69.339.855 4,701,243 3,987,966 4.507,861 6,452,861 51,884,111 1,826,703 16,519,010 16,581,966 27,761,547 17,878,216 1.501,398 10,205,368 5,162,313 53,914.174 4.000.000 <16,286,770 400,000 631,419 600.000 761,876 700.000 623,831 750,000 851,159 6.250.000 4,419,773 Park Bank Dep & Trust Oo 464,785 468.678 200,000 Nat Marihe Bank... Safe cent 100 100 50 100 J Per Title Guar & Tr Oo,_ No 4,877,703 Nomi nal. — re les 101 BaltimoreBait Oomm'l Bank.. 1.250.000 1,000.000 2.500.000 1.500.000 600.000 Mercantile Tr Oo Real Estate Tr Oo._ 6,757,625 \ LOO 1.168.279 J 1.264.280 100 100 1,070,681 100 441,011 100 4,147,924 100 11,273,085 100 1,621,791 101 1,016,089 867.112 cent 7.962,191 10,673.154 MARYLAND Equitable Trust Oo. Fidelity Trust Oo Maryland Trust Oo. 100 932.539 1,679.715 1.000,000 770.000 Oolonial Trust Oo 100 100 Topeka— Central Nat Bank.. Central Trust Go._ 100 100,000 Baltimore Trust Oo. Leavenworth— First National Bank- 5,767.554 15,969.511 Dec. 31. April 11. \share. 355.598 1.076,279 310.656 National Banks State Institutions KANSAS Dec. 31. Per Augusta— 100 2,000.000 600,000 2,500.000 100 50 100 m mm mm • - ■» « m M mm m m share. 100 170 120 _ 50 60 25 m 25 10 30 100 240 30 mmmmm m 10 mmmmm m rnmm m m 20 50 m 55 18 30 3 40 mmmmmm 25 100 25 35 mmmmmm m mm m mm 150 23 10 50 100 mmm mm m 300 65 mmmmmm 100 400 350 90 100 10 35 100 400 Cumberland— 50,000 200,000 Commercial Sav Bk. First Nat Bank 1.138,086 25 60 65 5,584,663 100 250 285 735,912 2,886,416 50 993,078 7.367,317 1,908,017 100 125.000 150.000 150.000 Liberty Trust Oo 3,952,021 102,859 395,328 100,000 200.000 Second Nat Bank... 442.632 100,000 500.000 500.000 Peoples Bank 429.868 100 400 390 Frederick— WichitaFirst National BankFourth Nat Bank Merch Reserve St Bk Southwest Nat Bank Union Nat Bank 1,000,000 1,000,000 100,000 200,000 200,000 100.000 • Union Stock Yds Nat 1,094,416 612,158 30,000 60,150 66,106 29,618 17,742,151 11,873,509 1,400,000 1,433,884 1,408,298 545,323 Oitizens' Nat Bank. 100 _ 100 Oomm'l Bank of Md 100 Farm & Mech NBk. Frederick Oo Nat Bk 100 Fr'k Town Sav Inst. 100 108,443 20 15 431,921 3,408,831 100 mmmmm m m 102,694 4,107.284 2.145.460 mmmm m mmmmm m m mm ~ ~ 150 mmmmm - — 100 MASSACHUSETTS National Banks Dec. 31. KENTUCKY State Institutions Nomi nal.' Dec. 31. Deposits of Nat. Banks date June 1 Boston- Atlantic Nat Bank.. 09,875,000 6.210,971 First National Bank- 044500000 034077,795 550,739,000 Merchants' Nat Bk3.000,000 6.351,468 54,643,000 m Nomi nal. Covington— Per Cent Sav Bk & Tr Oo Citizens' Nat Bank-. First Nat Bk & Tr Oo 60,000 200,000 500,000 650,000 200.000 Peop-Lib Bk & Tr Oo CovlngtonTr&BkgCo 84,966 415,518 554,517 406,445 345,048 1,405,977 3,017,944 5,588,250 4,700,477 2,150.243 share. rnmm'm + m m 1.500.000 03,920,591 19,187,000 Nat Shawmut Bank. 20.000.000 011907,986 141,179.000 Second Nat Bank 2,000.000 <14,175,468 48,333.000 Web & Atlas N Bk.. 614.730 1.000.000 8,748,000 Banc Oom Ital Tr Oo cl ,354,302 750,000 385,679 Boston S Dep & Tr 2.000.000 3,798.051 16,957,401 Columbia Trust Oo.. 100.000 251,159 c2,4 22.641 Nat Rock Bk of Bos 100 No 100 100 re cent 100 sa les 100 _. Lexington— Bank of Commerce. 300,000 _ Citizens Bank & Trust Oo...^ First Nat Bk & Tr Oo 305,935 2,468,093 100 125 175 200.000 Union Bank & Tr Oo 1.000,000 150,000 150,000 Security Trust Co... 500,000 206,251 1,078,746 289,279 U130.096 270,599 1,450,615 11,225,837 2,320,121 2,181,754 2,939.595 25 10 20 60 100 125 100 100 285 300 290 300 100 350 400 Louisville— of Commerce. Citizens' Union N B. Fidelity & Colum Tr. First National Bank- Liberty Bk & Tr CoSecurity Bank___ KentuckyTitle Tr Oo Lincoln Bank & Tr_ Stock Yards Bank Louisville Trust _ 200,000 60,000 /1,000,000 d2,085,365 2,000,000 1,794,840 1,000,000 1,536,640 1,000,000 2,162,962 300,000 154,668 pi.000.000 1,441,793 750.000 501,983 Co. United States Tr Co. 100,000 1,000,000 525.000 78,576 600,000 384,084 10 34,688,507 1001 4,769,219 100/ 23,502,426 100 10 17,413,585 100 1,880,694 100 0— 3,164,911 8,122,717 100 854,342 ion 175" 10 6,694,335 1,300,629 100 400 300 100 20 270 33 36 16 80 173-Si 85 25 30 40 100 100 100 2,531,098 8.007,207 26.089.227 Old Colony Trust Oo <?5.000,000 5,570,760 State Street Tr Oo__ 3.000,000 53,036.122 U S Trust Oo 2.500,000 02,651,019 C16.523.117 Winthrop Trust. Oo_. 166.369 100,000 2.768,442 t280"~ 200.000 500.000 0 Kidder Pea body Tr Oo Lee Higginson Tr Oo New Eng Trust Oo__ 11 500.000 1,000,000 . ----- mmm'mrn-m 100 100 Jamaica Plain Trust. 233-i 250 25 100 100 27.5,000 140,575 102,611 269,953 784,119 3,016,786 5,256.393 <Z3.744.377 0 share. 22 H 20 mmmmmm ...... 100 100 mmmmmm ..... ..... 100 1400 e ..... 100 t250 25 100 4 ~ - . - _ 175 5 Beverly— Beverly Nat Bank.. Beverly Trust Oo 411,508 3,791,834 100 67.540 300,000 100.000 cl ,461.836 100 . & 54 200 265" * Sale price. t Stock has to be offered to board of directors. June 30 1931. a b Affiliate of American Com. & Sav. / Bank. Includes savings deposits. (I March 31 1932 e Affiliate of First National Bank of Boston. c Newport— American Nat Bank- Newport Nat Bank- Per 10 5,882,734 2,065,862 C4,230.298 Day Trust Oo Harris Forbes Tr Co. Second Nat Bank Bank 2,500,000 500.000 1932 mm _ Central Sav Bk & Tr 100,000 100.000 100,000 216,633 426,187 283,171 1,282,897 3,318,010 1,514,284 100 No 100 re cent 100 sa les / Citizens Union Fidelity unified certificates. g Affiliated with the First National Bank of Louisville. h Member Northwest Baocorporation. i Trust funds. k March 30 1932. National Banks ' Dec. 31. LOUISIANA State I Last sale. Institutions Dec. 31, n Lee, Higginson Trust Co. on May 25 1932 announced its intention to discontinue business. First National Bank on May 3 1932 acquired the assets and deposit liabilities of the Atlantic National Bank of Boston and on Jan. 2.5 1932 took over the Jamaica Plain Trust Co. 0 Nomi nal. Baton RougeBank of Baton Rouge Louisiana Nat BankLouisiana Tr & S Bk. Union Bank & Tr Oo Per 250,000 494,570 300.000 r539.653 100 5,190,539 6,294,592 1100 100.000 150,000 281,127 3,394,315 '•25 share. r No re cent sa les i Consolidated statement.. t Dec. 31 1931. Sept. 29 1931. May 2 1932. $ Minimum price u 0 National Banks T823&"* MASSACHUSETTS sta'\%''T°n° Surplus MINNESOTA Dec. 31. Gross & Profits. Capital. Bid. Par. Deposits. 105 TRUST COMPANIES AND BANKS Ask. Capital. Institutions State Dec. 31. Gross Surplus & Profits. Par Deposits. Bid. Per BrocktonBrockton Nat Bank. Home Nat Bank a561,976 685,803 600.000 500.000 7,543,195 7,117,429 share. Per Duluth— 100 City National Bank. Duluth Nat Bank N o First & Amer Nat Bk 100 re cent 10 sa les 200.000 <3,000.000 of Duluth Northern Nat Bank. 20 100,000 400,000 1,200,000 300,000 205,945 1,915,873 cent les 5,365,365 c7,944,712 c2,999,249 100 110 100 165 180 100 100 110 100 850.6U 673,088 100 100 71,125 72,311 22,073 5.703,536 1.061,925 1,871,867 1,503,865 817,343 89,526,697 22,147,905 1,839,092 14,431,264 1,491,558 92,610,691 1,193,684 1,066,674 1,151,941 2,859,513 2,453,766 18,918,066 o 6... <-.. 150.000 100 232,986 1,034,760 179,000 o N sa 3,629,116 7,635.36" 1,000,000 100,000 Pioneer Nat Bank Fall River— Fall River Nat Bank Durfee Trust Co Fall River Trust share. 100 172,794 545,381 33,936 34,132 600,000 Western Nat Bank.. East Cambridge Lechmere Nat Bank. 55,821 531,598 '87,642 2,208,273 Minnesota Nat Bank Cambridge— O500.457 c6,149,591 150.000 Central Trust Co n1,500.000 2,609,192 cl2.105.495 Harvard Trust Co... 1.000.000 &1,626,336 cl7.060.803 200,000 600,000 565,719 100 100 4,752,611 1,979,925 100 26.620.053 <100 re Bank of Oomrn & Sav 100 Cambridge Trust Co Ask. Nomi nal. Nomi nal. Minneapolis— Fitcbburg— Safety Fund Nat Bk. 500.000 Gloucester— Cape Ann Nat Bank- 150,000 100.000 200,000 Gloucester Nat Bank Glouces S D Tr Co.. 5,892,306 829,095 277,740 100,000 239,335 3,092,092 1,650,000 c4,436,214 100 275 Blooming'n-Lake NB Central Nat Bank Fifth No'west'n N B. First National Bank. First Minneap Tr Co 200,000 i 100,000 100.000 < 56,000,000 51,000.000 Marquette Nat Bank 200,000 Midland NatBk & Tr <1,000,000 Minnehaha Nat Bk. 5 100,000 Northwest'n Nat Bk <5,000.000 Produce State Bank. 5 2d Northwest State. < Third N'west'n N Bk < 100 10 20 100,000 50.000 200,000 N o 4th Northwest Nat'l. < 100.000 re cent Marquette Trust Co. 200,000 sa les Minn Loan & Tr Co. <1.000,000 HaverhillEssex National Bank First National Bank. 100,000 200,000 200,000 240,000 Haverhill Nat Bank. Merrlmack Nat Bank 256,240 117,298 871,709 275,616 2,652,265 2,384,609 2,803,436 1,365,588 100 * Holyoke— Holyoke Nat Bank.. Park National Bank. 400,000 100,000 750,000 Hadley Falls Tr Co.. 238,615 217.946 700.284 7,775,106 2,497,062 13,867,740 28,895 2,259,291 36,655 44,419 39,354 165,312 70,000 1.859.465 ft... 100 1... ft. < 50 _ 10** 9% ft... < Rochester— 100 First National Bank. 100 175 100 100 160 100 180 50.000 St. Paul— American Nat Bank. Commercial State Bk Nore cent 600,000 300.000 309,252 461,166 7,514,521 7,101,638 100 Lowell— Appleton Nat. Bank. Union Old Lowell 300.000 251,308 1,967.925 1.000,000 738,059 10,691,743 50 50 200,000 200,000 358.878 480,069 281,764 100 80 100 120 EmpireNatBk&TrCo 185 175 20 100,000 350.000 350,000 100,000 .000.000 No re cent sa 600 100 100 1000 670,697 17,564,441 428,691 3,665,012 5,236,626 101,695,889 78,293 2,113,927 212,386 5,486,320 4,257,849 153,291 783,937 20,000 288,365 0l,552,321 les 1200 100 100 National Bank.... 500,000 50,000 6 ,000,000 4,462,987 plOO 1,412,892 100 200,998 67,127 200,000 Bank First National Bank. First State Bank Lawrence— Bay State Nat Bank. 70,000 523,624 <-__ ft— 100 Union Nat „ ft Merchants' Trust Co sa 100 les Stock Yards Nat Bk. Twin Cities Nat Bk. First Trust Co 60 Lynn— Central Nat Bank Manufac'rs Nat Bk. National City Bank. 250,000 100,000 200.000 0575,926 644.879 0940.702 4,498,074 3,452,840 4,145,165 2,772.140 3,154,185 8,410,196 500,000 1,500,000 500.000 630,444 1,756,324 374,162 7.539.290 6,885,344 5.249,151 300.000 Essex Trust Co Lynn 8 Dep & Tr Co Security Trust Co 100 100 National Banks MISSISSIPPI Dec. 31. Nomi nal. 387** Per Jackson Capital Nat Bank 125 20 15** 16** 25 25 26 136,336 2,172,276 100 N o 2,301,554 2,742,192 100 100 1,723.434 50 4,926,085 4.160,837 100 100 100 100 N Meridian— 150,000 400,000 First National Bank. Mer & Farmers Bank 100.000 200,000 250,000 323,683 564,922 2,010,188 3,052,764 28,346 ol,625,000 1,906,329 88,312 16,007,667 29,526,606 3,092,891 9,758,323 13,056,400 1,861,194 50 3,846,669 c5,312,585 1,000,000 1,500,000 Naumkeag Trust Co. sa les West Mass Bk & Tr. 350,000 1,000,000 1,000,000 150.000 Springfield S D & Tr. Union Trust Co West Springfield Tr. 300.000 100 23 25 National Banks 25 80 85 Dec. 31. 25 50 287,631 349,750 Institutions State MISSOURI Dec. 31. Nom inal. 25 100 1,312,903 C4,431,003 No 100 re cent Per sa les Bank Broadway Bank City Bank & Tr Co.. Columbia Nat Bank. Community State Bk Worcester— Mechanics' Nat Bk_. 500.000 Worcester Co Nat Bk el .888,150 Co 3.800,000 Tr Co 200.000 696,512 1,718,653 4,428.438 114,150 12,839,766 27,008,543 28,902,433 1,738,578 200 100 Drovers' Nat Bank.. East Side Bk of Com 0 20 '!§" 10 18 Fidelity Nat Bk & Tr Fidelity Savs Tr Co. First National Bank. Inter-State Nat Bank LInwood State Bank. Main St State Bank. Merchants Bank Missouri Sav Bk & Tr Park National Bank. Plaza Bank of Comm National Banks MICHIGAN Dec. 31. State Institutions Dec . Produce Exch Bank- 31. Traders' Gate Nomi nal. Per share. 500.000 1,064,954 Stock Yards Nat Bk. Westport Ave Bank. Union Av Bk of Com Commerce Trust Co. Home Trust Co Detroit— Oom'wealth-Com'l State Bank Detroit Savings Bank First Wayne Nat Bk Guard Nat Bk ofOom Highland Pk StateBk Norw'st'n State Bank United Savings Bank Bankers Trust Co Equitable Trust Co Detroit Trust Co Highland Park Trust Un Guardian Tr Co. Mercantile Trust Co. 1,281,786 13,099. ,724 100 1,000,000 1.500,000 d2.613.481 38,499 924 25,000,000 d32551165 453,373 ,777 / 10,000,000 dQ,650,379 146,178, 449 1.000,000 2,268.980 23,823, 599 25,000 55,000 1,092, 500 1,032,508 12,610, 191 ""20 1,000,000 100 869,488 1,000,000 394, 741 591,613 1,000,000 2,779, 597 /3,000.000 5,013,604 35,046, 992 T" s 500,000 332,486 1,313, 598 s s5,000.000 d3,164,692 1/41,002, 576 s Pioneer Trust 13 5** 5,751,481 8,348,839 11,292,740 15,406,314 438,063 646,688 1,106,191 2,166,872 830,494 513,996 0,414,612 Bank Bank Grand Rapids Tr Co. Union Bank of Mich- Michigan Trust Co.. 200,000 500,000 100.000 350,000 200.000 Empire Trust Co 200,000 100,000 Missouri Vail Tr Co. 20 a c 5** Second Nat Tr Co.. 10,194 35.242 110,595 134,388 40,490 11,393 265,161 153,943 43,806 109,678 3,032,782 217,802 132,802 201,392 565.310 18,184,825 15.665,434 25.850,730 991,616 1,751,077 1,495,505 600,000 1,143,590 431,895 12,482,516 4,227,452 si .250,000 1,974,738 12,193,051 .000,000 ,000,000 750,000 500,000 .200,000 1,250.000 40 20 20 51 270 200 320 100 125 190 500 125 285 120 150 210 • — w m 110 150 120 175 200 100 125 759,153 581,359 3,123,365 1,295,780 838,623 812,943 100 80 150 90 - 100 75 100 200" 240 100 150 200 100 160 175 100 150 85,217.945 3,393,840 100 97 200 107 2,079,984 4.102,198 100 100 110 "375" 100 . 100 306,342 168,405 428.950 126,733 1/195,285 220,824 122,133 101,016 100 7,244,260 3,233,664 100 160" 185" 100 1180 100 / 4,793,363 2,690.681 3,255,148 5,314,515 1,899,917 1,023,485 s 190 mmm * 100 100 m 175 100 - 1 200" ..... Group. deposits. Affiliated with the Worcester Bank i Member of Northwest 30 & Trust Co. . Mich. 50 "~2 30 30 35 cent sa les March 31 1912, * Member of the First Bank Stock Corp. on May 17 1932 to the Gloucester National Bank of Title changed Gloucester. r re y:}\ n On May 10 1932 directors of the Central Trust Co. of Cambridge requested the State Bank Commissioner to take over the institution. p 100 No Bancorporation. it May 7 1932. / Last sale. ■ .... ' 120 45 Includes savings 60 8 8 85 110 165 Trust deposits. ft See Marquette National Bank. s... Bank & 100 150 100 90 250 g «... 20 65 7,706,877 /Member of the Detroit Bankers Co., Detroit, 850,000 ,000,000 200 share. 90 d March 30 1932. o People's Am State Bk 200.000 75 75 Sale price. April 14 1932. & First National Saginaw— Bank of Saginaw 200,000 267,500 200,000 e Grand Rap Nat Grand Rap Sav Old Kent Bank 300,000 Tootle-Lacy Nat Bk. Grand Rapids— Sec Bk. 100,000 100,000 6.000,000 St Jos Stock Yds Bk. j~20 100 948,681 767,542 100 9,311,346 100 3,337,997 100 100 599,557 100 5,387,252 100 1,264,846 42,331,084 1100 6,613,612 100 54,121,116 5,919,406 100 100 885,622 1,256,358 100 2,110,305 100 3,680,705 100 100 869,877 995.505 100 2,184,656 100 38,548 69,875 830,579 51,031 33,534 352,169 239,821 1,236,236 537,455 3,469,329 1,012,693 47,196 66,274 136,536 St. Joseph— First Trust Co 20 677,479 812,117 1,077,298 1,081,007 100,000 100.000 300.000 100.000 American Nat Bank. * 500.000 400,000 Genessee Co Savs Bk 1,000.000 Un Ind Tr & Savs Bk s2,000,000 Co First National Bank- Flint— First Nat Bk & Tr Co 200,000 4,000,000 500,000 2.000,000 500,000 100,000 100,000 200,000 100.000 50.000 200.000 100.000 Barnes Nat Bank 5100 CIt Com & Savs Bk. Amer Home Bank West Side Bk of Com 100 7.763.079 500,000 100,000 600,000 400,000 Southeast State Bk_. Sterling 100,000 100,000 300,000 City Nat'l Bank Bay City— f People's Commercial & Savings Bank * 65 Taunton— 200.000 300.000 : 25 210 10 10U Baltimore Machinists' Nat Bk. Bristol County Tr ' 20 Kansas City— Bk & les ;. 500,000 Merch NatBk&Tr Co Springfield— Springfield Nat Bk._ Third N Bk & Tr Co Vicksburg— First Nat & Tr Co 10 i Slcandla o re cent sa re cent Salem— Merchants Nat Bank WorcesterBk&Tr share 100 25 543,682 381,618 100,000 300,000 750.000 Jackson-State N Bk. Merch Bank & Tr Co 2.150,045 932,466 1,416,288 4,328,151 5,533,093 171,208 130,723 60.112 100,000 Citizens Nat Bank.. 200,000 304,984 44,084 53,699 184,192 983,840 300,000 Citizens Sav Bk & Tr Peabody— Warren Nat Bank... Dec. 31. 190 100 Depos Gu Bk & TrOo Safe Deposit Nat Bk Institutions State 127** 100 New BedfordFirst National Bank. Merchants' Nat Bk. 130 100 s Member of the Guardian Detroit Union Group, Inc., Detroit. v Sept. 29 1931. x Ex4iividend. y March 25 1931. 1 ' 106 BANKS National Banks MISSOURI Dec. 31. Capital. St. Louis— $ Baden Bank 200.000 2,500.000 400,000 300.000 Boatmen's Nat Bank Bremen Bk & Tr OoCass Bk & Tr Oo Cherokee Nat Bank. 200.000 First National Bank- 12,100.000 Grand Nat'l Bk 700.000 Jefferson Bank Jeff-Gravols 200.000 500.000 Bank.. Surplus & Profits. State AND TKUST National Banks Institutions Dec. 31. Dec. 31. Par. Bid. Nomi nal. Per share. $ $ 250.381 2,430,296 1,205.598 24,242,517 616,490 5,587,056 422.740 4.836.614 67.451 1.688,428 7,931.436 167.285.365 u 174.314 3.377,487 255.701 2,900,557 151,845 3,953,109 100 100 2.150,000 el,825.721 50.000 Lemay Ferry Bank.. Lowell Bank 200,000 500.000 200.000 300.000 Manchester Bank Nat Bridge Trust Oo Plasa National Bank Scruggs. Vandervoort Barney Bank 42.284 148.804 331,570 63.153 > 56.674 200,000 Sec N B S & Tr Co__ South Side Nat Bk.. South'n Oom & Sav. St Louis Nat Bank.. 163,306 353,777 238.836 199,829 57,380 690.077 51,182 587,154 124,711 90.977 350.000 600.000 200.000 200,000 500.000 300.000 Tower Gr Bk & TrOo Twelfth St Nat Bank United Bk & Tr Co.. 1,000.000 200.000 200.000 Water Tower Bank.. Ohlppewa Trust Oo. Ohouteau Trust Oo__ E as ton-Taylor Tr Oo 200.000 r 200.000 Guaranty Bk & Tr.. Laclede Trust Oo 75.537 130.207 63,112 139,510 200,000 | 300.000 300.000 Lindell Trust Oo 159,546 MercantlleOommerce Bk & Tr Oo 10.000,000 Mercantile-Com¬ "§6" 10b~- Atlantic City— Atlantic Olty Nat Bk Boardwalk Nat Bank 39 Second Nat Bank & Trust Oo. Bankers Trust Oo— Guarantee Trust Oo_ 25 Equitable Trust Oo. Chelsea 100 100 loo" 100 20 *36" 20 100 100 100 2.859.753 10,881,401 6,896.197 3,031,186 1,842.807 9,865.046 1,325.520 7,734.216 1,465,393 1,637.145 1,091.851 1,539,623 1,716.152 1,448,923 2,047,442 100 100 100 100 100 100 170 100 20 75 3,249,631 200.000 61.000 67.857.406 1,480,582 2,087,247 7.882.420 3,300,000 1,451,863 2,095,084 200.000 500.000 150,902 1,048.514 200.000 v 109,377 100,000 172,581 200.000 154,861 Northwest'n Tr Co.. Savings Trust Co.— Webster Groves Tr_. W v Sfc Louis TrOo. 100.000 50,000 300.000 100,000 60,000 1,200,000 753.435 8,889.947 1,008,000 9,827.509 100 1,141,657 100 839,959 100 100 600,000 120,000 1,000.000 200,000 221.399 1,421,445 221,462 8.292,897 1,293.552 12,300,897 5,563,115 300,000 398,069 3,119,486 Bayonne Trust Oo_. Mechanlcs' Trust Oo 400,000 500.000 Cumberland Nat Bk_ Farm & Mer Nat Bk- 100,000 150,000 200.000 169,614 406.819 232,500 hanks Dec. 31. MONTANA State cent 100 100 20 Oumberland Tr Oo 150,000 179,354 1.676,410 3,163,039 1,395.677 1,414,001 1,500.000 1,200,000 1,050,000 2.610,375 4,033.093 1.288.577 25.479,673 30.600,951 5,160,137 20 150,000 101.573 726,256 1.976.240 1,977,675 8,527,577 19,684,022 100 100 25 250 1.500,000 500,000 700,000 500,000 620,000 750.000 296,720 979,757 286,933 376,041 905,781 5,531,964 13,487.820 100 175 50 130 4,960,023 100 100 200 25 65 First National Bank- 625,000 100 Jefferson Trust Go__ 800,000 547,576 12,473,116 1,121,126 3,218,121 4,306.131 45 300.000 1.000.517 82,287 182,888 25 100 Oolumbia Trust Oo_. Hoboken Trust Oo_. 500,000 125" 150 "45" Bridgeton— Bridgeton Nat Bank. 30 Camden— FlrstOamNatB&T O Camden S D & Tr Oo West Jersey Trust Oo 100 50 100 *45 25 25 *100 100 East Orange- 100 Ampere Bank & TrCo Essex Oo Trust Oo_. Sav Inv & Trust Oo_ 100 100 100 100 500.000 500 28 32 35 100 100 75 65 Elizabeth— Ellzabethport BkgOo National State Bank Central Home Tr Oo Elizabeth Trust Oo__ 85 95 ISO* 200* 100 Union Oounty Tr Oo 7,944.511 11,089,790 165 175 100 Hoboken— 100 100 100 200 100 175 125 100 200 175 275 100 140 175 100 100.000 Journal Sq Nat Bank First National Bank- 1,600.000 Franklin Nat Bank— 400,000 TrNJ.. 1,250.000 3.400.000 2.000,000 150,000 5,700,000 400.000 161,171 ,769,359 209.453 ,367,405 .723,057 ,035.000 79,124 ,308,876 228.091 200.000 First National Bank- 200,000 National Iron Bank- 250,000 200,000 1.000.000 Hudson Oo N 50 100 25 100 ; West Bergen Tr Oo.. > o 100 Oommercia Nationa N 100 North Bergen Tr Co. Trust Oo of N J v 47,564 410,165 42,000 20 re N J Title Guar & Tr. Union Nat Bank Southern Missouri Tr 100 100 sa Jersey City— 'Bank 1,830,511 727,267 - 9,042,153 7.545.162 Springfield— Peoples Bank Ask. Nomi nal. Per share. Bayonne— 1.800,145 6.000.00G Bid. Par. 602,966 655,125 100 ► Miss Val Trust (Jo Mound Olty Tr Oo North St Louis Tr Oo Cross Deposits. 85 6,367,216 102,045,467 103,544 400.000 Institutions Dec. 31. Asbury Park— 150 100 100 100 100 350,000 $ 300.000 Surplus & Profits. State 20 25.844,131 1.182.155 3,217,320 4,790.554 1.185,178 1.246,240 Nat'l Bank. Citizen Capital. Ask. AsburyPkNatBk&Tr Bk & Tr Oo NEW JERSEY Gross Deposits. Lafayette South Side merce COMPANIES B 2,694,448 19.859.250 40 100 25 3,971,913 30.241.344 oo 35 100 30 "35* 56.372,497 25 65 70 26,806,861 2* 45 815,726 100 74.183,841 1,939,690 25 100 262,911 2.810,227 100 327,679 278,242 230,024 6,184,060 7,156,217 1,826,650 9.804,140 100 25 50 '42 47* Long Branch— Institutions Long Branch Bkg Oo Dec. 31. 225 Morristown— Nomi nal. Billings— Per Midland Nat Bank— 200,000 150,000 100,000 Montana Nat Bank- Sec Tr & Savs Bank. 125.000 3,751,776 1,278,637 2,064,260 104,582 122,900 share. American Trust Oo_ 100 100 . Morristown Trust Oo 522.434 50 100 25 o cent 100 Mt. Holly— Butte— First National Bank. 300.000 Miners S Bk & Tr Oo 200,000 600.000 Metals Bk & Tr Co. 755.427 56,818 627,458 12,161,572 100 979,414 100 15,087,333 0— No re cent sa sa Mt Holly Nat BankUnion Nat Bk&TrOo les 25 100.000 200,000 200,000 25.458 438,179 212.398 401,709 1,950,266 x,140,942 600.000 Farmers' Trust Oo__ 374,275 825.270 8.271.494 9,700,845 25 30 35 1,200.000 25 9 11 150.000 225.000 134,846 51,699 937,594 854,906 100 100 200 2.549,247 1,344,286 690.545 150.000 42,455 700.000 1,062,155 400,000 u 262,829 35,743,451 8,656,965 13,822,942 712,456 6,870,068 1,302,674 40,352,571 150,764,638 16,627,429 1,501,826 2,953,106 2,253,949 6,780,259 100 180 100 450 25 5 60 100 les Newark— Helena— Lincoln Nat Bank First Nat Bk & Tr Co Union Bank & Tr Oo 300,000 250.000 525,927 249.854 Franklin Wash Tr Oo 9,470,506 3,501,739 Marzano State Bk & Tr Oo.........— Mt Prospect Nat Bk_ Nat Newark & Essex Banking Oo Nationa Banks Dec. 31. National State Bank N J Nat B & T Oo NEBRASKA Central Bk & Tr Oo. Clinton Trust Oo_ — Nomi nal. Lincoln—• 200,000 850,000 300.000 e Nat Bk of Commerce 218.264 322,969 189,832 5,567,328 12,130,446 5,413,781 share. 100 ioo" "175" 100 200 250 Federal Trust Oo 4.056.250 5,002.068 Fidelity Union Tr Oo Per Continental Nat'l Bk First National Bank- Oolumbus Trust Co_ 6.666.675 Merch & Newark Tr_ 2,500.000 300.000 375.000 9,138.185 3,406,964 217,356 219,433 972,853 1,546,665 So Side N B & Tr Oo. Union National Bk_. United States Tr Oo_ Omaha- West Side Trust Oo. First National Bank. Live Stock Nat Bank Omaha Nat Bank Packer., Nat Bank__ Stock Yards Nat Bk_ 1,250,000 450,000 1,250.000 200,000 e 750,000 200,000 el,100.000 767,173 158,302 1,246,934 112,252 338,381 20,764,808 4,711.649 28,215,881 2,586,921 6,676,341 1,174,071 20,543,637 3.000.000 500,000 2,800.000 600,000 1,075,000 State Bank__ U S National Bank. . 40,662 883,823 Dec. 31. NEVADA State inn 100 N o New Brunswick Oits Nat Bk of N Br re cent les 250,000 500,000 Nat Bank of N J sa 100 "25 25 25 30 25 41 44 Peoples Nat Bank— 62 65 25 42 46 50 100 25 Institutions 300.000 1,350,000 Dec. 31. National Bank Riverside Bank United Nevada Bank 400,000 Reno 50,000 4,069,858 4,803,272 4,523,469 1,359,799 2,499,295 13.546.858 3,691,584 100 172,870 513,841 1,693.032 7.408,920 100 35,569 227,032 4,194,988 5,895.004 100 56,207 1,268,461 100 Nat 100 N 100 o 100 re cent 100 sa les 100 N 100,000 Merchants Trust Oo Oommonw'lth Tr Oo 500,000 800.000 100.000 PkTr Oo Weehawken a 350,000 WeehawkenT&TitOo 1.000,000 Huds Tr Oo Un Oity 1.000,000 Gutt'b'g Bk & Tr Oo 52,667 510,764 1,354,244 302,114 341,624 1,579, 6,900, 5,763, 2,286, 123 100 157 100 729 857 100 100 1,330, 098 al00 25 150,000 1.058,350 3,355,205 63,852 6,938, 778 26,242 561 1,096, 694 100 2,000.000 1,000,000 1,703,004 1,011,558 26,307.718 18,593.411 25 25 _ Woodcliff Trust Oo_. 25 100 Passaic— NEW HAMPSHIRE s,a%[TT"n" * a Nomi nal. Manchester— Per 200,000 150.000 150.000 916,896 493,890 82.290 5,153,451 2,840,775 2,625,618 100,000 300,000 300,000 437,536 590,933 534,302 4,263,866 5,268,713 6,715,371 100 First National Bank- 250,000 New IM^ 100.000 150,193 3,378,777 1,152,910 100 100 100 0 re , cent e stock. Member of Northwest Bancorporation. /March 25 1931. g Member First Bank Stock Corp. I Last sale. 300 325 100 200 225 100 200 250 1 New stock. N u June 30 1931. v PortsmouthHamp Nat Bk. b Includes security sa les Nashua— Indian Head Nat Bk Nashua Trust Oo SecondNat of Nashua price. Affiliated with the Trust Oo. of New Jersey, Jersey City. share. N 100 100 Sale Sept. 29 1931, 0 re cent sa les x Ex-dividend. v Ex-rights. o re cent sa 150.000 Liberty National Bk Guttenberg share. 100 Bank People's Bk & Tr Oo_ Amoskeag Nat Bank 65 100 300,000 Passaic N Bk&Tr Oo Manchester Nat Bk_ Merchants Nat Bank 20 55 100 1,003,431 372,368 200,000 100,000 of Weehawken Per 64,487 69,243 200,763 81,535 118,780 '"l5* 25 6 New Brnnsw Tr Co_ Nomi nal. 100,000 200,000 700,000 25* 25 25 Middlesex TG&T Oo Reno— Bk of Nev Sav & Tr_ First Nat Bk In Reno *6* 25 100 Hamilton National Banks 190 25 North & West Hu dson— IstNat Bk of Un Oity 300,000 First N Bk, West NY 300,000 Union 80 les BAMS National bank NEW JERSEY Dec. 31. Capital. Surplus & Profits. TRUST AND Institutions State National banks Dec. 31. Dec. 31. NEW YORK Gross Par. Deposits. Ask. Bid. 107 COMPANIES Capital. Surplus & Profits. State Institutions Mar. 28. Gross Deposits. Bid. Par. Nomi nal. Plalnfield— $ * First National Bank. Plalnfield Nat Bank. 400,000 175,000 200,000 Mid-City Trust Co.. Plalnfield Trust Co.. State Trust Co.. 650,000 150,000 Per $ 102,167 92,865 75,697 1.303,606 232,125 5,613,620 1,292,845 919,660 17,241,126 3.725.004 share. $ s $ 316.900 *4,476.800 525,000 124000000 d 101,503,776 1148138000 *2,998.200 501,300 1.428.600 Penn Exchange Bank 121,281 C 1,110,521 826,000 Public Nat Bk&TrOo 8.250.000 d7,934.600 62,706,000 Schroder Bkg Corp. 2.515,550 *15,117.903 6,000,000 Sterling Nat B & T— 1,500.000 dl .500,700 d 8,098,967 Trade Bank of N Y— 660,000 230,243 c 2,888,165 25 o 10U re cent 100 sa les 100 Paterson— 200.000 680,000 50,000 300,000 1,200,000 750,000 500,000 1,000,000 100,000 75,000 600,000 600,000 750,000 100,000 100,000 600,000 Broadway Bk & T Co First National Bank. Haledon Nat Bank.. Labor Nat Bank Paterson Nat Bank.. Second Nat Bank Nat Bank of Amer.. Paterson Sav Inst Prospect Park Nat Bk Weatside Nat Bank. Citisen8' Trust Co.. Franklin Trust Co.. Hamilton Trust Co.. Merchants Trust Co. Security Trust Co 104,586 847,457 24,913 154.513 1,197.036 1,573,989 280,359 2,889,809 109,007 22,867 825,000 561,849 765.020 43,046 39.609 1,479,512 11,197,015 1,039,848 4.888,533 14.192.780 16.307.781 2,121,888 27,215,105 1,792,634 302,590 10,722,448 3,581,931 9,881,434 577,597 25 20 100 100 Trenton Banking Co Trenton Trust Co Anglo-South Am Tr. Bk of Athens Tr Co. Banca Com It Tr Co Banco dl Nap Tr Co. 25 170 140 80 50 Bank of N Y & Tr Co 100 !5o" 25 10.398.477 39,223,985 2,444,214 14.507.802 21,961,741 100 340 50 N cent sa Woodbury— o re les Farm 100.000 6.000.000 3,888,300 757,300 4,214,601 531,494 2,082,177 12,079,150 3,524,315 820,445 44,436,285 66,686,285 6,539,012 418,642 9,866,804 97,025,266 76,307,946 467,795,716 14,652,873 519,051 75,023,475 476,868,567 44,895,117 251,013,984 25,000.000 Bronx County Tr Co 1,550.000 Cent Han Bk & Tr Co 21.000.000 Chemical Bk & Tr Co 21,000,000 City Bank Farmers' Trust Co 10.000.000 11,162,894 37,713,727 Clinton Trust Co 500,000 1.943,037 533,165 Continental Bk&TCo 4,000.000 6,751.479 31,909.515 Corn Ex Bk & Tr Co 15,000,000 22,710,365 212,866,197 55,000 115,300 Corporation Trust Co 500.000 County Trust Co 4,000,000 2,984,967 18,258,292 Empire Trust Co L 6.000,000 3,183,412 58,726.359 Fulton Trust Co 2,000,000 3.089,099 16.609,603 Fiduciary Trust Co— 1.000.000 1,000,000 4.377,164 Guaranty Trust Co 90,000.000 194,963,384 892,931,648 Hellenic BkTr Co—. 1.000.000 513,310 3,894,256 200 100 60 50 1,000,000 Bankers Trust Co 90 100 100 100 1.000.000 500,000 2,000.000 Bk of Manhat Tr Co 22,250,000 Bank of Sicily Tr Co. 1,800.000 20 Woodbury Trust Co. 25 26 7 9 19 17 % 10 Hibernia Trust Co.. 63.000.000 50 Irving Trust Co 50,000,000 700.000 3,000,000 Manufacturers' Tr— 32,935.000 10 J Henry Schroder Tr Lawyers' Trust Oo__ Marine Midland Tr. 10,000,000 Mercan Bk & Tr Co. 900.000 New York Trust Co. 12.500,000 Title Guar & Tr Co.. 10,000,000 "li" 25 35 145 155 100 100 100 100 "20 -ijk 20 "l634 1634 220 100 10 18>* 240 33 % 12 35 H 20 76 80 10 26% 28 25 40 20 17 banks 100 10 10 H 12 X 20 36 39 100 25 "Is 20"~ 20 14 16 100 215 240 "loo 849,153 11,559.697 "166 10 75,564,936 363,553,729 5,678.846 561,298 2,498,025 14.888.452 "loo 20 27,122,936 372.329,0 32 7,021,999 48,379,192 < 20 5.535.000 559,200 26,928,646 237,048,169 "25 20 21,193,208 39,242.308 100 310,068 3,273,682 20 4,801,638 1,394,145 100 56,942,356 27,016,291 160" « <a> mi, — 165 35 — 11% 12% v'15% 17% "T% "3% 5634 2634 53% 23% Dec. 31. NEW ' YORK Trust Co of Nor Am. Nom. nal. 1,675,000 2,000,000 Jamaica, L. I.— Jamaica Nat Bank.. Mar. 28. 500.000 Underwriters Tr Co. State Institutions 300,000 168,400 1,498.989 3,328.783 1,011,412 2.159,522 3,527,111 1,574,664 4,430,515 25 8,989,722 20 54.704,245 20 17,102,324 25 18,452,337 20 41.029,263 100 35,249,913 45,574,047 <— 608,485 616,303 1,221,744 10,775,007 6,631,037 14,533,421 1,200.000 dl,049,138 750,000 1,199,281 7,119,685 7,000,344 6,338.046 60,157,541 30,569,744 20 18 23 20 24 29 20 12 20 14 19 25 25 30 25 100 *166,354 200,000 1.457,604 250,000 1.500,000 <15.132.230 2.000,000 2,334,381 1,000.000 2,183,739 2,782,823 3.461.954 39.655,579 40.914.763 30.731.517 Nat Com Bk & Tr Co First Trust Co ... 5 15 18 20 46 50 100 First Nat Bk & Tr Co 1,000,000 100 Lincoln-AUIa Bk & Tr 2.000.000 100 Central 100 Genesee Vail Tr Co.. 1.000.000 1,000.000 600,000 Trust Co Security Trust Co Auburn— 300,000 <5,000.000 Union Trust Co Auburn Cayuga Nat Bank & Trust Co. 400,000 Auburn Trust Co.— 150.000 487,790 379,603 7,373,316 5.964,925 100 N 100 100 First National Bank. Marine Midld Tr Co. i 750.000 300.000 300,000 Schenectady Tr Co.. les 100 8.418,363 100 9,255,491 7.267,058 i— 707,391 719,271 673,696 200,000 600.000 750.000 ank & Tru si Co. retur Nat. banks Nat Exch Bk& Tr Co 200,000 200,000 300,000 500,000 500,000 1.450,000 1,000,000 People's Nat BankBrooklyn Trust Co.. Kings Co Trust Co.. 500,000 8,200,000 500,000 Bensonhurst Nat Bk Citizens Bk of Nat Bklyn Bank- Fort Greene Nat Bk. Elng8boro Nat Bank Lafayette Nat Bank- i V' '; . Dec. ns date Mar 745.800 23,500 1.599.449 155,600 1,727,900 68,100 781,800 387,800 2,146,600 428,192 3,635,516 1,307,073 2.523,557 269.400 5,956,400 12996,991 101,987,520 6.585,720 24,778.911 35 30 90 80 800 1100 100 100 800.000 5,400,000 2,500.000 324,749 5,965,161 2.065.959 Manufactur Nat Bk. <1,500,000 National City Bank. Union Nat Bank 600,000 1,758,992 918,764 300,000 564,440 Troy Trust Co 200,000 148,885 26,675,996 8,294,594 6.519.423 3, ±95,698 2,000,000 600.000 3,156,225 920,292 43,884,839 6,148,578 500,000 300,000 500.000 423,524 152,776 *1,032,546 6.602,279 3,578,156 9,718,942 1305 100 500,000 1.500.000 850,726 1,088,471 9,937,881 17.452,402 300.000 500.000 285.294 2.275.552 20 733,851 332,056 20 1,246,527 12,304,189 4,479,125 11,068,304 1,458,623 2.644,247 100 9,321,402 50 17 100 Salt Springs Nat Bk. First Trust & Dep Co Syracuse Trust Co.. 28. 31 175,862 30 25 Syracuse— Lincoln Nat Bk & Tr Merch Nat Bk & Tr. Brooklyn—State B 20 25 Schenectady— Union National Bank Citizens Trust Co... BInghamton— City National Bank. 16 25 o re cent sa V 940 Rochester— 100 Roch Trust & S D Co Mech & Farmers Bk. N Y State Nat Bank. ■ 3,682,600 75 7 1040 Per1 share. Albany— Central Bank Flatbush 100 Troy— 100 100 60 100 100 25 '59" 49 3 25 12 11 1105 50 14 100 100 25 Utica— 200 135 100 2150 First Citizens Bk & T 2250 120 Oneida Nat Bk & Tr " ' Watertown— Buffalo— 119,008 Bast Side Nat Bank. 300,000 5,500,000 Liberty Bank Lincoln Nat Bank 200,000 Mfrs & Trad-Peop Tr 6,000,000 Marine Trust Co i 10,000.000 1,822,232 52.761,076 1.278,235 Jefferson Co Nat Bk 25 100 25 50 55,893 25 13012,139 88,497,082 a 15565466 174.624,986 i 20 Nat Watertown 10 8 $76,630 50 Bk. North'n N Y Tr Co N re cent sa les Westchester Co— 7 Nom. Mt. Vernon—1st N Chemung Can Tr Co First Nat Bk & Tr Co 800,000 1,237.500 2,015,445 1,407.965 9,627,196 11.276,335 20 25 70 Mt Vernon Tr Co. 100 Central Nat Bank. Nat City Bank 250,000 Tompkins Nat Bank 200.000 417,441 281,411 420,936 400.000 Ithaca Trust Co 3.732,082 2,293.727 7.058,851 100 N o Huguenot Tr Co.. New Rochelle Tr_. 100 re cent 25 sa les 450,000 400.000 200.000 Nat Ohautauq Co Bk Union Trust Co ... 1,243,800 534,097 n614,002 452,519 450,378 25 15,072.387 100 4,997,205 25 10,002,421 3.395.508 <100 80 250,000 Ossining Trust Co. Jamestown— 832.500 153,300 500,000 600,000 200,000 229,738 399,614 100,000 909,160 Ulster N "85" Mt 530 N County 200,000 248,607 183,926 369,995 856.088 150,000 150,000 250,000 State of N Y Nat Bk Kipgston Trust Co.. 3,878,484 1,425.044 3.422,666 7.727,059 Hye—Rye o 100 re cent 100 sa Nat, Bk. N B&TrOo _ l arrytown Bank 100 Citizens 100 Peoples N B &T Co County Trust Co. Yonkers—First Natl ew York Ci ly banks are repo rted ne * Bank & and Dec. 31*31 plus and pr ofits are of date A divi dend r ecord for National and Mar. 28 19 §2 for Stat e banks. of banks and trust companies in NewJYa rk City and broo klyn m ay be found in our"Rai Iway 148, 149, 1 50,1 51. Secti on, pages c5.396.600 3,400 650,000 Bank of Yorktown. 1.500,000 241,001 c3.339.007 National Bk. 148,000, <1144789 000 1146180000 Oomm'l Nat Bk & Tr 7,000,000 <19,330.700 44,984,000 Dunbar Nat Bank500,000 227.700 *1,512,300 Fifth Avenue Bank.. 500.000 3,630,511 35,702,000 First National Bank 10.000,000 112537242 334,331,000 Amalg Bank of N Y Chase Glmbel Bros Bank 100.000 Grace Nat Bk of N.Y Harbor State Bank. _ Harriman N Bk & Tr Merchants Bank Nat Bk of Yorkville. 100,500 C643.600 1.500.000 dl.643.900 dl5.438.150 111.683 200.000 C768.060 2,863.200 34.258.000 120.972 Cl.145.962 dl61.350 dl ,737.200 2,000.000 400,000 600,000 20 100 & * 95 100 103 1150" 1250" 800 Trust Co Sale inn 2,406.906 loo 2,000.000 500.000 589.814 173,369 2,869,743 1,906,316 6.436,125 1,443,313 5,198,188 7,909,157 1.183,253 400,000 300,000 568,184 1,740.481 250,000 I 200,000 I 400.000 300.000 100 500 to * 60 20 250 275 100 25 100 100 N o cent 20,269.175 25 sa les 10,468,246 8,834.132 100 20 price. on May 25 1932 approved a proposal to change its name % Colonial Trust Co. or some other name if the one selected proves c March 28 1932. d March 31 1932. 70" 100 115 20 re unavailable. 25 100 20 On May V Stockholders 900 100 100 6,378,623 3.442,451 3.664,889 500,000 300.000 21 1932 a proposal to increase the capital by $2,500,000 was presented at a meeting of stockholders; increase approved by Banking Department on May 25 1932. a 21H 25 100 Trust Westches'r Tr Co. 35 19 H 410,040 308,684 298,087 235.127 cent 100 200,000 Yonkers Nat Bank 100 100 2,500,707 les White Plains— les West Title & Tr Co New York City— Deposits N are 1932. Sur of May 28 o re N. Chester— 1st Mutual Trust Co. 100 172j»898 1,000.000 Pleas B&TrCo Bk & Tr Co Bank & Trust Co. Rondout Nat Bank 170 100 Pleasantville— Port 744,397 200 150" sa Westches Co Nat. KingstonFirst NBk of Rondo ut 20 Peekskill— 90 550 75 65 20 Ossining—1st Nat Bk & Trust Co Bank of Jamestown. The First Nat Bank- prices 20 New Rochelle— Ithaca— First National Bank 0 50 25 20 Elmira— Nat'l % 20 U S Trust Co of N Y Nuih'nal H .—- "25 Trust co. returns da te Mar. 28. 160 100 2,223,836 2,090.200 1,137,562 5 230 352.069 471.001 508.392 410.605 4 25 240 16.918,305 100,000 200,000 26 share. 44 24 100 100 50 100 2,044,068 & Mechanics' National Bank First Nat Bk & Tr Co 37 140 Trenton— Broad St Nat Bank. Flrst-Mech Nat Bk. H'nover CapitalTrOo 50 20 380 250,000 dl ,434,912 2,000,000 4,251,094 306,907 300,000 1,000,000 1,801,288 1.400,000 2,108.739 ... US Trust Co Per N. Y. City (Concl.) Nat Bronx Bank National City Bk_— Nat Safety Bk&Tr Co 100 N Ask. Nomi nal. < Controlled 30 I Last sale. n . by Marine Midland Corp. June 30 1931. * Dec. 31 1931. ©New stock. x Ex-dividend. 108 BANKS AND TRUST COMPANIES National Banks Na"Sla'sTk' NORTH CAROLINA slale£lT'"n' Capital. Surplus & Profits. Dec. 31. OKLAHOMA Cross Deposits. Par. Bid.. Capiial. Ask. Surplus & Profits. Institutions Dec. 31. Cross \ 7 State Par. Deposits. Bid. Asheville— $ 300.000 . First Nat Bk & Tr Oo 130,931 $ 2,729.524 First National Bank- Per $ A. 7. 100,000 108^674 Bank— 50,000 67,745 2,304,255 1,087,639 100 100.000 43,684 2.023,718 100 Guthrie— share. 100 Ask.. Nomi nal. Nomi nal. First State $ Per share 100 Charlotte— Charlotte Nat Bank. Commercial Nat Bk_ 715,747 671,327 600,515 665,643 500,000 500,000 Mer & Farm N Bk— Union Nat Bank 200.000 300,000 McAlester— 1,200,000 /1.255,117 1.000.000 zl,111,727 Independ'ce Tr Co__ Durham— Citizens' Nat Fidelity 100 100 175 2,069,141 3,221,199 275 300" 250 275 18,851,103 100 100 100 145 150 Citizens National Bk 5,162,789 100 60 70 Commercial Nat Bk_ 100,000 300.000 First Nat Bk & Tr Oo American Trust Co__ 3,083,891 2,912,259 500.000 753.415 100 9,099,330 1,372,646 26 90 95 First Nat Bk of McA N re cent Muskogee— sa . 38.533 152,261 224,907 1,254,788 3,912,514 5,324,847 57,466 100,886 2,104,979 120,834 568,203 171,668 679,451 3,704,146 40,003.207 4,745,755 12,801,369 7,559,373 100 100 546,785 1.302,396 62,930 Z133.141 473,855 33,669.379 23,642,232 3,533,147 3,729,066 1,933,388 les: 100 100 100 ■ Bank Bank. 100,000 120,000 Home Savings Bank. 100,000 zl10,523 1,142,758 108,225 Oklahoma City— 25 225 250 Greensboro— No Oar Bk & Tr Oo 2.600.000 zl .795.297 30,144,827 50,000 200,000 5,000,000 300,000 Fidelity Nat Banknl ,200.000 Liberty Nat Bank Capital State Bank.. City Nat'l Bk&Tr Co First Nat Bk & Tr Oo 10 Tradesmen's Nat Bk 500.000 100 125 225 20 200 25 100 125 160 100 100 125 165 175 225 16 17 18 10 20- 16 19 39' Balelgh— Page Trust Co 400.000 201,682 4.248.959 100 Nat Bk of Oom'erce. sa o 100,000 300.000 283,593 1,853,642 591,189 4,449,974 25 10 5,934,717 les 3,000.000 2.500,000 250,000 200,000 Exchange Trust Oo- N re cent Wilmington— People's Sav Bk & Tr Wilm Sav & Tr Co.. Tulsa— Exchange Nat Bank- 1.000.000 First Nat Bk & Tr Oo Fourth Nat Bank e 20 20 20 20 20 100 100 -(e) Wilson— Branch Bkg & Tr Oo 400,000 u 287,046 v;r .-i!v v ../ National Banks .i v,'-..' Winston-Salem— Dec. 31. Farmers N Bk & T Co Wachovia Bk &Tr__ 600,000 144,542 2,402,496 2.500.000 1.913.873 42,326,902 State OREGON Institutions Dec. 31. 100 100 Nomi nah Per share. N O EugeneBank of Commerce. First National 150.000 200.000 100.000 _ Bank United States N Bk. National Banks Amer National Bk.. 128.639 47,191 30,741 Citizens Nat Bank.. * 331,006 First National Bank. a2.500.000 /l, 551,136 Bk of East Portland. Nomi nal. Fargo— Per 150,000 Fargo National Bk__ 152,707 82,411 257,672 70,654 3128,944 50,000 1300,000 d250,000 150,000 First Nat Bk & Tr Oo Merch Nat Bk&TrOo Nor A Dakota Tr Oo National Banks OHIO Dec. 31. re cent sa 100 2,327,499 100 828,096 6,795,402 4— 2,791,246 d 679,674 100 State share 6.948.839 100 883,431 a... 1,122,594 ft... 5,626.288 k 100 30,142,491 les 6 100.000 200,000 110 5225,556 a 323,811 1,599,384 *... 100 3,607,285 20 68,771,753 400,000 100.000 a G W Bates & Oo Dakota Nat Bank 698,417 3,595,785 1,558.623 Portland— NORTH DAKOTA Dec. 31. 26,013 246,228 59,540 26 80 120" Hibernia Bank.r N o re cent sa les tee a 500,666 Live Stock State Bk. k Peninsular Nat Bank k 50.000 200.000 Security Sav & Tr Co Portland Tr & Sav Bk 300,000 United States N Bk. *4.000.000 674,449 11,302 59,564 82.363 3,364.654 100 29 Institutions Mar. 30. Nomi nal. Nomi nal. Per share. Akron- Allentown— Firestone Pk Tr & SB First Central Tr Qo 278,259 35.500 419,264 2,829,093 7,319,250 3,27 ",800 2,532,163 450,000 6.210,199 45,139,082 Per Mer-OIt Nat Bk & Tr Lehigh Vail Trust Oo Standard Sav Bank 394.462 50 100 N 0 100 100 re cent sa les 60 200,000 500.000 Z116.099 1,617,369 2,549,844 11,583,965 1,000,000 50,000 450.000 400.000 500,000 500.000 400.000 Ridge Ave Dep Bk. Second Nat Bank.. Allentown Trust Co. Dlme Sav & Tr Oo_. Canton— Cent Sav B & T Co First National Bank. 1.000.000 Penn Trust Co..... 350,000 200,000 100,000 200,000 Allentown Nat Bank 100 100 100 1400 Nat Bank Central?Trust Co... 400,000 Cinn Bk & Tr Co.. 1,110,832 351,321 275,447 5.047.916 150,000 100,000 6,000.000 Columbia Bk & S Oo First National Bank- 6,686,209 100 2,900,334 1,663,809 45,455,306 100 I 500 I2ri0— ' 10 100 Bk & Tr Oo 300.000 500.000 150,000 200,000 1,800,000 1,000,000 250,000 250,000 Lincoln Nat Bank— Northside Bk & Tr Co People's Bk & Sv Co Prov S Bk & Tr Co. Second Nat Bank So Ohio S Bk & Tr Oo Wash Bk & Tr Co. Western Bk & Tr Oo 4,869,373 Bank of Erie Tr Co_. First National Bank. Marine Nat Bank Second Nat Bank—. Erie Trust Oo 100 1,285.799 6,755.827 2.227,670 4,291,220 100 279,329 334,496 2,896,440 1,060,737 521,433 135,806 1,431,604 4,238,420 1.250,000 4.000,000 Central Trust Oo Third 368,401 30,664,618 9,337.238 4,365,972 3,074,850 12,380,136 51,909,920 50 100 10 100 100 100 10 100 5.000.000 6,770,583 77,296,685 100 613,510 328,400 443,804 390 m'mmmmm 116 50 mmm'mmm 10 mmmmmm 56 mmmmmm 115 a 30 10 50 mmmmm m'm m 190 12* m mmm 50 550 150 100 10 I 300 100 2.127,812 8,407,371 7,231,411 10,816,143 8,711,137 9,722,805 1,126,536 125,000 300.000 /l,113,868 216.200 59.426 Union Trust Co 200"" 50 I 210 . 100 100 100 100 50 100 mmmmmm m m'mmmm mm m m mm'm 300" 250 m -.mmmm mmmmmm mmmmm mmm 50 Harrisburg— Allison-East End Tr. ------ "l30* 249 1 242.050 300.000 2,275.996 2,933,865 3,332.036 8,093,153 6,514,306 4,984,344 2,571,569 200.000 760,330 400.000 820,898 300.000 p 705,506 1.062.500 2,547,999 200.000 605,022 6,822,659 5.637,679 5,308,152 15,011,642 4,391,740 Central Trust Co... Commonwealth Tr Co Dauphin Dep Tr Co. Harrisburg Trust Co 1 172,157 891,744 400.000 902,167 937,800 1,770,008 300,000 f 846,646 400,000 1,212,729 250.000 283,361 Harrisburg Nat Bank Union Trust Co 50 25 25 - • N 20 re cent - sa « O les 100 100 Lancaster— Amer Sav Bank Oo 100.000 Capital Bank 100,000 United u 300,000 /1,598,508 300.000 712,023 500.000 1,031,285 500,000 /1,195,480 Secur-Peoples Tr Oo. Cleveland Central 5,636,162 2,868,625 1,230,000 mm '•emmm ------ Union Trust Co 445,092 share. 100 26 ' I 400 I 400, —— Norwood-Hyde Park Fifth 150,000 250,000 249,300 Altoona Trust Co Cincinnati— 8,996,518 7,514,261 1,123,139 5,407,090 2,119.329 1,621,826 5,030,938 2,297,693 Altoona— First National Bank. Atlas 1,847.749 2,561,521 139,035 1,340,904 563,172 505,278 1,283,511 516,433 334,370 28,642 3,442,036 120.080 100 Conestoga Nat Bk.. Fulton Nat Bank... Nat Bank 5,000,000 /4,212,663 64,282 ,280 250,000 531,373 2,822 ,057 500,000 673.848 10.109 ,718 National City Bank2,000,000 /1.803,302 28,868 .151 North Amer Tr Co. 200,000 240,604 4,189 ,454 Cleveland Trust Co. 13,800,000 11,465,292 243,240 ,630 Guardian Trust Oo__ 7.000,000 10,111,461 113,467 ,454 Union Sav & L Co.. 900,000 o 749,205 2,132 ,159 Union Trust Oo 22,850,000 14,278,924 198,039 ,862 Olev Sav & Loan Co. Loraln Str Sav & Tr. Lancaster Co Nat Bk Farmers' Trust Co.. Northern Tr & S Oo. 20 100 100 100 Philadelphia—De posits of N Central-Penn Nat Bk ational ban ks date May 20 20 50 1120 m • 60* ''mmmm m'» m m 10 50 1185 162 1260 28 1 932. 100 100 25 ■ N o re cent sa 3.040,000 u9.367.410 1.125.000 1,036.249 2.000.000 1.749,675 40,613,000 4,661,000 10,177.000 <0 26 100 19 10 3 4 4.550.000 500,000 64,902.000 20 30 32 168,160 r 1.073,007 7,727,455 54,701.000 171,158 2,037,291 163,524 570,975 846,357 6,872,000 16,210 r 365,051 4,190,079 23,303,000 2,120,320 rlO,338,380 250,000 r 417,351 63.507 r 773,304 4,754,000 2,010,748 100 100 20 23 24 Philadelphia Nat Bk 14.000,000 29,878,647 238,383,000 loo 20 47 49 City National BankCommercial Nat Bk. Corn Exch Nat Bank les & Trust Co Erie National Bank. First National Bank. Gimbel Bros Bk & Tr Columbus— Brunson Bk 6c Tr Oo 250,000 1,200,000 City Nat Bk & Tr Co Columbus Saving Bk Fifth Ave Sav Bk Co Huntington Nat Bk. Market Exch Bank.. Northern Sav Bk Oo 77,805 z 1,906,404 100,564 83,263 2,079,881 435,357 50.000 c 200,000 2,000,000 100,000 100.000 25.010 c4,000.000 Ohio National Bk 3,633,127 3,069,250 18,728,607 1,091,282 1,664,888 25,004,168 2,737,782 817,559 42,212.852 100 & Nat 10 Kensington Nat Bk. Lehigh Nat Bank... Nat Trust Bank 200.000 Market St Nat Bk.. NatBkofGer&TrOo 1,000.000 400.000 100 North Broad NaflBk 250.000 100 Northeast Nat Bank NorthwNatBk&TOo 200,000 100 : Bk 500.000 mm mm m 195 50 50 mm mmm mm "50" 10 100 10 mmmm'm'' 200 -~mmmrn -'mm' 55 m m'm ~250"" mm 260 33 ;t: 34 10 m'm rn'm 50 mm' mm mmm m m mmm m m'm'm m *- Sale price, Controlled by Transamerlca Corp. Corp. c Member of the BancOhio Corp. d Member First Bank Stock Corp. a Trust Co Third 200.000 300.000 350.000 Guardian Bk & Tr Co DaytonMerchants' 3.111.000 9.716,850 27 22 200.000 141,284 2.809,678 (00 150 351,751 849,244 6,992,812 16,555,515 100 125 100 150 b Member West Coast & Oo Winters N Bk & Tr. 400,000 1,000,000 u ,v e Spitzer-R T & S Bk. Citizens Trust Co Toledo Trust Oo 500.000 484,341 1,222,390 118,390 353,215 175,000 o 87,500 5.000.000 3.575.707 500,000 200,000 600,000 5,304,288 10,274,345 575,392 3,005,369 25 100 100 N occ re cent sa New stock. h Trust funds. i Member Northwest Bancorporation. k Controlled by the United States National 100 15 47,268",996 g ' Group. I Last sale. les n 60 o Affiliated with the Exchange National Bank of Tulsa, Okla. Dec. 31 1931. April 6 1932. Opened for business May 16 1932 to replace the Hibernia Commercia Savings Bank, which was closed on Dec. 19 1931. sReopened for business on May 18 1932. p Youngstown— r Dollar Sav & Tr Co. Mahoning Nat Bank Mahoning Sav & Tr. Unlon Nat Bank Feb. 5 1932 / March 31 1932. ToledoCommerce Guard Bk First National BankWest Toledo Nat Bk 1,000,000 150,000 u" 392",714 146,691 1,250,000 til,336,057 & 6,587,178 1100 2,412,633 18,519,800 100 100 u 200 v x z March 30 1932. Stock held entirely by Exchange National Bank. Ex-dividend. Sept. 29 1931. - - - --- BANKS TRUST AND 109 COMPANIES m%T.n,mk' RHODE ISLAND sta"^Tim' Capital. $ $ 65,000 500.000 300,000 300,000 300,000 Roosevelt Bank Second Nat Bank— Bank Nat Deposits. Par. Ask. Bid. •Southwestern Nat Bk Tioga Nat Bk & TrOo Tradesmen'sNational Bank A Trust Co. 3,300.000 Wyoming Bk & Tr_. 200,000 Banca Oom It Tr Oo. 1,000,000 1,000,000 250,000 6,700,000 12.500.000 Broad Street Trust-Chestnut Hill T & Tr Fidelity Phlla Tr Oo Finance Oo. 1st pref2d preferred Frankford Trust Co. Ger man town Tr Co. Girard Trust Co Industrial Trust Co. Integrity Trust Co_. Kenslngton Security Bk & Trust Co... Liberty Title & Tr Co Medla-69th St Tr Oo Mitten Men & Mg't Bk A Tr Ninth Bank & Tr Oo North Oity Trust Oo Northern Trust Oo_. Nor Phlla Trust Oo. 112,353 1,730,893 341,811 s 298.377 103,650 Per $ s • • 1.604,486 9,596,597 4,781,000 .1,755,000 1,148,083 share. 10 21 24 100 40 45 100 Tr A Safe Dep Co. Penn W'h'g & S D Oo Trust Real Est Tr Oo Estate T & T Oo Par. Bid. Ask. Nomi nal. Per Newport— Aquldneck Nat Exch Bank A Sav Co Newport Nat Bank.. Newport Trust Co.. share. 397,123 137,498 536,173 8,528,698 697,345 3,433,896 50 N 60 100 re cent sa les 1,005,168 3,129,191 25 300,000 120.000 300.000 o Providence— 5,263.122 168,948 535,818 585,900 197,315 22,794,074 s8,112,192 500.000 2,203,666 1,400,000 4,306.088 4.000.000 16,829,168 882,250 4,276,878 2,987.920 12,390,546 27,420,000 1,005,458 910,216 1,500,000 801,856 82,843,009 604,136 6,929,942 14,847,697 79,715,662 11,587,408 47,240,715 100 130 125 Blackstone Can NatColumbus 50 500,000 22 50 60 20 100 355 360" 100 155 160 10 22 25 10 21 22 10 68 69 10 10 17 18 9 42 47 Exchange Trust Oo High St Bk A Tr Oo Mechanics' Nat Bk. r 120, 000 500, 000 NatBank of ComATr Phenix Nat Bank 850, 000 Providence Nat Bank Industrial Trust Co. Lincoln Trust Co 12 10 10 3,002 ,488 90,397 120 60 1,334 ,023 262,982 40 50 5,599 ,870 304,802 50 40 7,794 ,324 1.021.865 50 3,073 .929 1,413,050 100 "155" 10,858 ,723 2,723,916 170 9,911,916 118,109 .480 100 26 30 1,066 .899 160,843 12,361,089 90,356 ,990 1000 2000 100 160 1,494,908 22,092 ,171 200, 000 1,500, 000 4.000, 000 450, 000 "45"" 45 170 185 " 10 1,300,000 2,203,352 1,000,000 1,662,733 375,000 si ,259,337 10,074.997 6,093,630 8,230,533 60 60 100 1,420,449 3.500.000 1.375,000 2,339,774 500.000 s 250,287 500,000 4,094,670 500.000 al,496,350 5,341,597 16,108.929 929,512 10,528.694 5,067,227 50 10 17 100.000 287,008 3.354.854 200,000 500.000 35 3,335,170 3,769,258 2,338,915 347,327 21,509,698 8,125,160 2250 180 1160 15 10 Rhode I Hos Tr Oo. Union Trust Co 125, 000 5,000, 000 1,000, 000 Woonsocket— Woonsocket Trust Co 100 19 105 50 100 455' 440 50 60 70 nal. share. Charleston— Lives A Grant Ann Real Cross Deposits. 25 Penn Oo for Insur on Provident Surplus & Profits. Capital. Nomi nal. Philadelphia (Concluded.) Sixth Cross Surplus & Profits. 8.400,000 27,581,848 190,761,444 494,144 800,000 481,093 3,200,000 17,298,396 30,551,993 3.131,200 2.357.425 6.849,188 10 100 100 100 29 30 455" 465' 96 98 Land 7.500.000 13,765.497 35.838,840 10 385,000 241,624 53,736 226,022 1,213,391 1,552,568 1,936,254 3,782.997 1-, 184.027 3,216,743 1,354,324 12 11 60 Atlantic National Bk Q Oitizens A Sou Bank 0 Miners A Merch Bk. 50,000 South Oaro Nat Bank 1,500,000 750,000 154,416 471,346 171,125 37,801 1,613,350 297,959 355,000 500,000 200,000 218,496 3,940,620 3,347,848 200,000 200,000 50.000 326,449 465,551 129,912 1,526,130 2,433.843 2,179.795 215,370 63.623 19,093 4,205,583 2,902,922 165,461 100 42,040 41,941 118,161 408,779 1,318,287 961,237 4,045,077 4.574.270 100 Carolina Sav Bank.. 200,000 So Carolina State Bk Columbia,— Pittsburgh— Allegheny Vai Bank- 100,000 " 100,000 Arsenal Bank Bk. of Amer. Tr. Oo. 268.678 Bank of Secured Savs 125,000 500.000 Braddock Nat Bank. 1.000.000 Clty Dep Bk & Tr Oo Diamond Nat BankDollar Savings Bank Duquesne Nat BankFarmers Deposit Nat Fifth Avenue Bank. First National Bank- Forbes National Bk_ Fourteenth St Bank. Freehold Bank Iron & Glass Dol Sav Keystone Nat Bank Mellon Nat Bank Nat Bank of America Ohio Valley Bank... Unlon National Bank Union Savings Bank- Western SAD Bank Allegheny Trust Oo. Colonial Trust Co— Com'wealth Trust Oo Dormont SAT Oo. Tr. Fidelity Trust Co... Hazlewood 8 A T Oo Farmers Deposit Hill Top S A T Oo 600.000 I 500.000 6.000.000 7.840.855 233,068 100.000 6.000.000 c8.374.222 318.357 300,000 200.000 131,312 1,089.644 200,000 592.123 172.700 436,187 100 Greenville— 60 First National Bank. Peoples Nat Bank 60 15,643,555 Piedmont Sav A Tr. 100 46.131,802 6.151,456 50,449,398 1.790,359 72.984,016 5,327,607 3.866.957 W> 893,906 3,772,633 Spartanburg— 100 Central Nat Bank 100 Southern Trust Oo-- 100 Oo Provident Trust Oo Real Est Sav A Tr Oo South Hills Trust Oo Union Trust Oo Washington Tr Go. West End S B A Tr— William Penn Tr Oo. Worklngman's Savgs s 100 100 100 60 100 100 100 100 100 100 100 100 Nomi nal. Per Sioux Falls— 125,000 100,000 200,000 250,000 Oitizens Nat Bk A Tr Corn Exch Sav Bank 50 100 First Nat'l BkATr. Security Nat'l B A Tr share. N 100 V; o 100 re cent 100 sa les 100 100 60 N 100 o 25 re sa National Banks cent 100 les 2,333,668 3,875,075 Dec. 31. TENNESSEE Institutions State Dec. 31. 60 50 Amer Tr A Bkg Co.. First National Bank- 5.822,867 16,839.767 78,666,710 500.000 1.088.407 7,527,844 150.000 905.929 281,311 400.000 154,500 3,593,067 125,000 328,788 1.774.195 1.500.000 C64851.319 151,607.120 898,602 5,861.375 1.000.000 125.000 663,404 4.072.196 125.000 1,213,793 206,584 Hamilton Nat Bank. 20 100 100 100 100.000 2.212.064 HamiltonNationalBk Bank of Com A TrOo State Savings Bank. Union Planters' Nat'l 50 Bank A Trust Co. Reading— Manhat S Bk A Tr Co Farmers' Nat Bank A 500,010 1,000.000 600,000 1,000.000 1,500.000 2,000.000 1.170.300 1,160,535 342,403 1,607,038 1,041,416 1.353,753 2.428,844 3.588,973 8,968.041 4.779,189 10,256,978 5,088,843 6,094,731 10,808.810 6,580,517 4,647,097 128,738 411,173 283,404 835,451 602,722 25 Union Nat Bank Side Bank 250.000 238,034 365,939 176.360 55,453,400 730.066 2,846,648 1,435,048 3.984,107 9,774,081 3,640,769 2,820,609 2,918,999 2,158,854 366,153 7,043,816 3,202,217 1,705,371 1,015,483 8.259.301 1,628,466 21.841.825 12,620,198 4.706.584 5,462.715 307 20 100 25 30 135 746,175 122.200 173,476 17.181.661 325,000 5,472,494 3,000,000 1.000,000 50.000 2.847.264 1,231,063 77,824 26,754,029 21.357,646 1.305,087 3.500,000 700.000 4,498,022 1,598,704 10 19,922,757 5.228,749 ilOO 130 2,000,000 203.125 500.000 s 95 100 100 20 10 100 135 100 100 118 125 220 225 100 305 12M 140 , 11 10^ 30 5.000.000 200.000 500.000 200.000 400.000 1,000,000 500.000 250 5,486,794 17,511,866 19,331,976 Memphis— 50 50 11,028,754 share. 100 1,018,917 2,170,957 1,357.529 625.000 2,500,000 2,000.000 Knoxville— East Tennessee N Bk Oomm'l Bk A Tr Oo. 100 100 100 First National Bank- Bank A Trust Oo. Per Chattanooga— 20 Pittsburgh Potter Title A Tr Oo. 400,000 500,000 60,000 First National Bank- 50 Nomi nal. 493.206 377,684 250,000 500.000 Penn Trust Oo People's t Nat Loan A Exch Bk 50 1,740,764 11,801,793 15,545,605 600.000 1,198,296 5,849,570 7.500.000 17.262,109 191,911,745 532,528 5.085,408 200,000 139,237 100.000 1.472,533 5.609.427 26,835,723 2.000.000 3,008,330 30,903.561 1.000.000 725.358 250,000 2,866,766 700.000 1.101.406 6.239,061 2,600,000 4.378,548 22,312.966 1.500,000 1.991,804 11,946,033 154.861 125,000 2.143,663 1,320,000 994,221 43,653 2.000.000 8.045,591 16.857,359 403,156 165,400 2,487,268 150.000 420,324 2,238,032 Manchester Savings Bank A Trust Oo. Tr Central Union Bank. 60 Trust Oo PennNatBankATrOo ReadgNatBkATrOo Berks Oo Trust Oo.. Colonial North Eas Tr Pennsylvania Tr Oo. Reading Trust Co.. Nashville— 10 " 3.000,000 3.410,957 743,074 1.000,000 536,001 300,000 Broadway Nat Bank 800.000 1,036,109 Commerce-Union Bk 800.000 ul,272,803 Nashville Trust Co.. 6 600,000 227.631 Third National Bank American Nat Bank. 10 Nashville A Amer Tr 10 10 10 10 39,127,624 11,714,194 5,040,727 7,210,993 8,594,429 6,605,490 110 25 10 35 30 70 80 28 32 (M 100 125 115 Scranton— First National Bank. Green Ridge Bank.. Nor. Scr'onBkATrOo Providence Bank— South Side Bk A Tr. Third Nat BkATrOo West 250,000 Pennsylvania Tr Co. 85 100 50 25 50 140 26 140 70 25 75 175 100 25 140 Second Nat Bank— 750,000 250,000 2,500.000 1,000.000 Bk. 499.000 Wyoming Nat Bank. 500.000 Hanover Bk A Tr— Miners Bk of W-B-. W-B Dep A Sav 100 400 90 60 50 100 95 105 600 25 "56" 60 120 State Institutions Dec. 31. TEXAS Dec. 31. Nomi nal. Per■. share. Austin- 400,000 200.000 500,676 863,160 46,353 450,577 83,836 3,831,695 8,003,267 1,344,683 6,384,575 2,147,257 250,000 250,000 400,000 125,000 547.121 220,803 772,772 11,972 4,544,426 2,248,630 8,661,723 841,980 American Nat Bank- 300,000 Austin Nat Bank— t Wilkes-Barre— First National Bank. National banks 300.000 Republic Bk A Tr Oo Security Trust Oo— 200,000 Texas Bank A Trust- 100 100 100 100 100 N Beaumont— Bank- American Nat City National BankFirst National Bank. Secur St Bk A Trust o re cent 100 sa les 100 100 100 Williamsport— First National Bank. Williamsport N Bk__ Incoming Trust Oo. 600,000 250.000 2.000.000 c 267,975 371,339 310,164 3,368,795 2,023,722 10,475,115 10 20 10 a •Oent'l Nat BkATr Co JDrov A Mech N Bk. First National Bank. Industrial Nat Bank. Western Nat Bank.. "York Oo Nat Bank.. York N Bk A Tr Oo. Guardian Trust Co.. York Trust Oo 255,732 456,512 657,938 232,014 520.116 974,383 577,349 C737.399 500.000 750.000 Cl,622.895 250.000 150,000 500,000 125.000 225,000 300,000 500.000 2,541,908 2,464,303 5.692,015 1,252,829 3.283,527 3,876,929 3,165,903 3,004,950 6.472.902 May 3 1932. b Member of 100 c re cent d A 100 sa les N 20 25 25 10 e First Security Corp. March 31 1932.;'' o loo 100 '• /* Sale price. ' York— vv mutual savings bank. Sold with :^' 1 First National Bank. 0 Affiliated with the Citizens A Southern National Bank of Savannah, Ga. 1 Capital stock trusteed for benefit of stockholders of Union Planters Bank A Trust Co. National I Last sale, r Dec. 31 1931. s Sept. 29 J.931. of the Central Union Bank of Rock Hill, S. C, 1931. Ex-dividend. t No par. t Branch u 3 June 30 110 AND BANKS National Banks Dec. 31. State TEXAS COMPANIES institution» National Banks Dec. 31. Bid. Par. Deposits. Ask. State VIRGINIA Dec. 31. Gross Surplus & Profits. Capital. TRUST Gross Surplus & Profits. Capital. Institutions Dec. 31. Par. Deposiis. Bid. Ndmi nal. Dallas— Per $ First National Bank- 8.000,000 dd,075,000 150.000 d 30,177 2.000,000 d 433.658 Liberty State Bank.. Mercantile Bk & Trl d2,563,738 41,905.726 4.069.255 20 share. 30 100 67.728,076 1,774,683 13,452,263 150 10 20 Norfolk— 34 12~~ Dallas Bank & Tr Co Oak Cliff Bk & Tr Co State Trust & Sav Bk Texas Bank & Tr Co d d 44 5,030 876.791 100 27 220 31 240 35 150 50 22 20 20 33 49.336 5,061 d 10,964,775 1,216,017 747,071 100 135 25,000 769,184 20 inn 767.574 600.000 745,946 301.711 700,000 750,000 Virginia Nat Bank 300.000 300,000 189,308 1,033,156 4,102.572 100.000 750.000 1.100,000 2,500,000 200.000 100,000 Continental Nat Bk. First National Bank. Ft Worth Nat Bank- Stockyards Nat Bank Union Bank & Tr Co 58.873 524,072 6.201,852 20.803,032 28.872,277 3,388,395 466,225 373,153 1,228.917 2,560.529 111,635 37,077 100 100 •> Oo._ 500,000 250.000 500.000 GItlzens Trust 30 35 200,000 National 200.000 355,081 312.570 7,836.915 4,437,511 750,000 392,466 7,879.276 1.000,000 U S National Bank__ 233,078 8,834,835 100 16,735.920 6.000.096 7.667.058 38.917,307 1,525.392 792,774 First & Mer Nat Bk_ 100 Poll'd & Bagby Tr Oo State-Planters Bank 100 No 100 100 sa & cent les 200.000 2,016.529 200.000 750 000 493.930 506.437 1,000 000 Virginia Trust Co 145,875 2.500.000 Oo Trust Sav Bank & Tr Co.. Un Bk & Fed Tr Oo. 205.036 154,500 .. Citizens State BankFirst National Bank- 100,000 3.000,000 12,409 844.453 500.000 111,800 225.131 1,153.974 Houston Nat Bank ol.000.000 1,000,000 1,000,000 600,000 1,000,000 750.000 400,000 Union National Bank 660.461 35.426.515 2.882.540 6.721.511 17,338,344 20.252.647 5,424,799 13,355,298 2,205,287 1,500,000 Second Nat'l Bank__ Nat Bank of Comm. State National Bank 201.167 363.678 South Texas Com¬ mercial Nat Bank. Federal Trust Co 1.289,429 r-i Mil' h ■ 9* 20 mm 200,000 600,000 1,000,000 500,000 Guardian Trust Co_. Houston Land & Tr_ 261.633 875,000 20 100 20 27 too 230 ' ' «■> Ml W, 28,211.316 1.901.643 2,268.113 4,640,742 m mm •»** 100 25 24 2R 75 25 95 25 290 1,000.000 576,457 5.659,730 100 State & City Bank.. First, Nat Exch Bank 300 000 61,149 1,464.423 438,079 771.291 19.522.952 100 1.000.000 ion rnmmmmm 1,916,074 ion rnmrnmmm 100 o Mountain Trust Bk_ h 678.414 25,584,446 1.936.512 134,340 5.865.943 5,829,893 280,705 3,447,670 1,063.673 800.000 200 San Antonio— Alamo National Bank 150 150 Dec. 31. WASHINGTON State Institutions Dec. 31. 120 100 100 LOO 245" 200 160 100 45 2,000,000 820.950 346,861 3,125.765 2,002,482 Nomi nal. Seattle— 80* Per Ballard First Nat Bk 100,000 500.000 900 100 943,540 10,476,885 1,359,395 1100 34,569 share. mmmmmm ..... 100 5,580,818 1.200,000 350,000 600,000 1,212.615 213.723 2,060.939 2.326.692 17.423.903 2.215.071 524,461 10,370,548 National Bank Groos National Bank Nat® Bank of Comm. Houston San Antonio Nat Bk 100,000 500,000 10.521 135,080 474,585 2,601,913 Sumitomo B of Seattle Tower Savings Bank 200.000 834.449 340.731 94.690 53.189 500.000 70.333 University Nat Bank too No 100 100 re cent sa les 400.000 167,907 3,939.988 Washington 100 Nat r 600.000 f 300.000 250,000 1.000,000 100,000 100,000 National City Bank 231.264 6,504,137 10,297,152 523.395 647,627 of Commerce 252.670 27.495 65,415 75 100 75 State UTAH 600,000 share. 3,274.101 3.100.000 6,703,466 100 160 100 b. 100 100 First Nat Tr 8c S Bk. 600.000 OldNatBk&UnTrOo »1,600.000 25.000 Security State Bank. 47.299 3.066.114 18,722,735 100 525,690 750,000 500,000 l.ooo.noo Utah Sav & Trust Co Walker Bk & Tr Co. 300,000 1.500,000 87.392 520.006 856.663 10.819.688 285.993 500.000 9,879.027 100 530.0 J9 9,671.089 13.035.260 100 197.50 1 1,76 S.463 100 90 110 778,300 17.089,000 LOO 100 110 970.5 58 -m VERMONT Dec. 31. 75 6 Puget Sound Nat Bk Puget Sd Bway Bk__ 80 140 165 State 200,000 NatBk&TrCo Merchants Nat Bank 600,000 150,000 Burlington Trust Co. 250.000 re cent 100 sa les 834,339 253.315 48.609 600.000 13.690.770 2,703.077 535,804 100 Dec. 31. 144,026 231.082 88,026 3,928.141 5.326,957 2,060,829 share. 100 100 100 150.000 150,000 100,000 Montpelier Nat Bank Montp'r S B & Tr Oo 200.000 94.291 1.062 500 dl,426.151 Charleston Nat Bk-Kanawha Bkg & Tr_ Kanawha Valley Bk. 500.000 1,000.000 372.876 392.117 157,763 534,891 5.314.660 3,813.531 754,500 100 1.651.240 6,244,744 197,311 84,877 148.336 too 220,427 3,280,707 2.912,921 1,921,461 4,694.130 200.000 50.000 22.968 104,000 500.000 276.217 200.000 91.496 40 Security Trust Oo__ Wheeling Bank & Trust Co........ cent sa 100 Clement Nat Bank_. Killlngton Nat Bank Rutland CoNat Bank Rutland Trust Oo 50.000 125.778 271.562 171.166 167,399 247.907 886.802 3,176.175 347,453 1,951,108 1.732.969 25 100 mm rnmmmm mm-mm m -» * 100 a 100 c 100 100 100 100 225 ■ (P) . 100 100 100.000 104.690 1,404.771 100 mmmmmm 572.230 5,082,018 100 mmmmrnm 31.012 1,142.687 25 4,240.806 100 000 g 500.000 100.000 581.277 626.663 157.174 1,165.600 300.000 3,124.278 550.000 500,000 851,2^4 500.000 Sale price. 4.628,734 1.266.679 12.156.483 100 27 101 130 100 180 200 235 ion 220 100 210 Per Lynchburg Nat Bank 100 Security Corp. Member of the Marine Bancorporation. 1932 Member of the Northwest Bancorporation. Dec. 31 1931. , i Member First National Corp. 131 share. / 1 Last sale. o 145 p 1.000.000 600.000 Oom'l Tr & Sav Bank Mutual Sav Bk & Tr 150.000 631.899 483,170 123.730 3.319.395 2,833.211 1,083,425 100 10 100,000 8,484 20 Lynchburg Tr & 8 B_ 498.213 300,000 521,635 3,945,797 100 100 110 «■» mmm m mmm mmm 240 - 0 100 State Institutions Dec. 31. 5,673.763 mmm lor 6.865,989 k March 28 1932. 629,876 150 100 3,279,301 « Nomi na'. 1.000.000 155 New stock. d March 31 100 100 Lynchburg— 60 185 100 Acquired the Peoples' Bank of Vinton, Va., and operated (Vinton Branch) of the Mountain Trust Bank of Roanoke. VIRGINIA mm 600.000 h National Banks Dec. 31. 135 mm<mm mm mm les 100 b Member of First 100,000 100,000 100.000 100.000 981,185 S349.284 1,280.638 100 Wheeling— Center Wheeling Sav Citizens Mutual Tr Co.. Half Dollar Trust & So Side Bk & Tr Co_ Dollar Sav & Tr Co. 100 1.345.654 13.384.247 3.420,968 11,9)8.911 942.426 262.765 Rutland— Central Nat Bank inn Nomi nal. Per share. Charleston— Capital City Bank- Sav Bank Nat Bank of W Va_, Nat Exchange Bank- re 100.000 100 WEST VIRGINIA Charleston Trust Oo. Dec. 31. Montpelier-— Capital 9 B & Tr Co o 25 1,804.948 Peoples Exchange Bk Oo. N o First National Bank. K-N 12.869.933 Central Trust Institution Burlington— Chittenden Co Trust e 100 e 90 125 Per 100.000 200,000 100.000 m iio 121.479 200.000 National Banks share. 90 155 — IIP Barre— Granite S B & Tr Co mm * 90 -mm' Nomi nal. People's Nat Bank_. Quarry S Bk & Tr Co -m":' 249,914 Nat Bank of Comm. National Banks 1,103,981 15 Per Utah State Nat Bank 60"" 80 Spokane— Nomi nal. Zlon Sav Bk & Tr Co " 165 100 b 10 237,012 Salt Lake City— Contl Nat Bk&Tr Oo First National Bank ..... * Tacoma— Per Flrst National Bank- b mm mmm institutions Nomi nal. 152.154 325.000 125* 117 '■« - 497.517 Apr. 2. Ogden— 300,000 250.000 500.000 28 rmrnmmm too ■"i-ii 100 40 20 60 2,189,933 Nat Bank of Tacoma <1.000.000 Commercial Sec Bk_ First Savings Bank_- b r 61.266 _ Dec. 31. 26 100 ion 33.642 el .000.000 8pok & East Tr Oo. 1.000.000 Spokane Savings Bk. Washington Trust Oo 200,000 National Banks 25 338,657 200 100 20 clOO.OOO 100.000 W Seattle State Bk 100 100 100 20 i 1,200,000 100 100 t c Bk Seattle Trust Co DVitco—*—■ Citizens' Nat Bank__ First National BankFirst Trust & Sav Bk 2,176.917 clOO 71.555.118 1.718,107 27,927.821 15.462.658 10.807.922 2.464.706 2.227.809 2.230.361 People's Bk & Tr Co Peoples First Ave Bk National Bank ofFort Sam 94,895 2.158,280 28.351 1.631.206 First Security Bank. 150.000 Nat Bk of Commerce C2.500 000 Pacific Nat Bank.. 2.600 000 100 53.966 c200.000 8.810.00U First National Bank 100 59.181 300.000 Commerce-: 450 400 100 300.000 People's Nat Bank__ 112 175 120 100 Commercial Nat Bk Trust Co 400 175 "loo" 100 Commonwea J thB&Tr First National Bank. 70 ~mmm~• 155 130 120 100 100 100 too Colonial Amer Nat B 15 Central Nat Bank of 100,000 100.000 Merchants Nat'l Bk_ . 25 25 30 190 150 Canadian Bk of Com __ Port Arthur— First National Bank- & 25 mm mm mmmmmm 2.) 75 100 100 National Banks Fidelity Trust Co Howard les 100 1,537.649 713.928 sa Roanoke— City Bank & Tr Go_ Frost 579.090 2,259,247 1,000.000 kl.113.969 3,000.000 fc3.535.5S8 100 Houston— San Jacinto Trusts JN 100 92.847 600.000 Central Nat Bank— re Bank 10 5,416,876 ■ Bank of Comm & Tr 00 118 _ 50 . 209,903 1 3,500.000 Mech & Mer Bank First National BankHutch ings-Sealy 100 4,008,397 2,702,367 118.739 & Trust Oo Galveston— City National Bank- 25 -• Bank American 40 20 90 25 510 "'vt" Richmond- 100 LOO 35 100 3,902,553 160 475 re cent American Nat Bank- 20 19.819,768 10.830.872 290,788 368.852 Fort Worth— Amer Bank & Tr Co. 100 ,-:"i'•/■*?!" Petersb Sav & AmTr Merch & Farmers Bk 12,420,336 100 3,130,002 2,458,597 PetersburgFirst Nat Bk & Tr Co Portsmouth— Nat Bank_. State National Bank S 151.839 552,608 2,500.000 2.000,000 Seab'd Oitiz Nat Bk El Paso— El Paso Trusts & Com 4.000,000 150,000 1,000,000 100,000 100,000 125,000 $ 250.000 125.000 Norfolk Nat Bank of Republic Nat Bank & Trust Oo Nat Bank of Comm. S Mer & Mec Sav Bk._ Merch & Planters Bk Ask. Nomi nal. Per share. 120 an m 1 ______ 125 All stock owned by the Kanawha Valley Bank, r Member s Trust t> Traded 17 SX Controlled by the Joseph F, Meyer interests. 300 People's Corp. fund9. In as Ex-dlvidend, y Ex-rights. Old National Corp. ' as the BANKS National Banks State WISCONSIN Dec. 31. 111 COMPANIES Institutions Dec. 31. Gross Surplus & Profits. Capital. TRUST AND Ask. Bid. Par. Deposits. Nomi nal. La Crosse— Batavian Nat Bank- $ 483,080 109,753 484,493 28,607 136,151 $ 500.000 Exchange State Bank 50.000 Nat Bk of La Crosse. Bank 500.000 60.000 State Bk of La Crosse 100.000 Security 8avs e $ share. Per 2. 3,979,704 804,682 4,781,923 915,889 2,057.231 N IU(I 0 «... re cent IOC sa les 101 Milwaukee— Amer Stfte Bank- 200,000 Badger State Bank.. d Bay View Natl Bk.. d Citizens Bk of Mil— d ' 200.000 100.000 400.000 City Bank 300.000 East Side Bank d 200.000 First Wise N Bk...d 10.000.000 Home Savings Bank. Holton St State Bk. 200.000 Kilbourn State Bk— 100.000 50.000 Layton Pk State Bk. Liberty State Bank.. Lincoln State Bank. Marine Nat Excb Bk Marshall A Ilsley Bk Mer A Farmers St Bk Mllw Oornm'l Bank. 100.000 150.000 100.000 2.200.000 1,500.000 d 200.00 100 z 4< 10,000 Security Bk of Mllw. 200.000 10th Ward State Bk. d 8ixth Wise Nat Bank d State Bank of Mllw. 200.000 200.000 400.000 Teutonla A veState Bk VIlet St State Bank- d West Side Bank 200.000 200.000 400.000 300.000 1.000.000 Capital. Vl'/ ;• ' :• Bid. Par. Halifax- S $ $ Bank of Nova Scotia 12.000,000 24.000.000 189,954,370 , d Per Ask. 100 243 cent. 248 d 20 '5 • 101 20 |0 20 lO'V 20 20 N re cent sa Toronto— 0 d 20 les Bank 101' Per Toronto 6.000.000 Imperial Bank of Oan : I of 9.000.000 87.032,075 100 101 Can Bank of Comm. 30.000.000 <0.000.000 432,613.807 Dominion Bank 7.000.000 9.000.000 93,02 2,242 7.000.000 8.000.000 cent. 161 "125" 126 1(K 137 10f 99,480.606 140 d d 10C ' ♦' -m d ;]'y " d 20 20 Montreal— d Per Bank of Montreal 106 Banuue Oanadienne. inn 36,000.000 38.000,000 599.528,258 7.000.000 7.000.000 105,04/,253 Barclays Bk (Canada) 500.000 500.000 4,060.714 Provincial Bk of Oan 4.000.000 1.500.000 37,580.612 Royal Bk of Canada. 35.000.000 35.000.000 564,763.825 10< 20 MM, WYOMING Dec. 31. Deposits. d 10< * National hanks Gross Reserve Fund. <i d ' Mitchell St State Bk. 200.000 Nat Bk of Commerce dl .000.000 North Ave State Bk: d 200.000 Northwestern Nat Bk d 200.000 Park Savings Bank200.000 Wisconsin State Bk. First Wise Trust Co. 57,907 210.396 392,714 6.412,487 53.385 2,178,814 125.628 1,048,234 136,139 2,502.866 173,082 2,455.936 9,074.747 143,964.461 270.125 1,599.983 29.632 938,580 92.065 1,058,890 64.380 814,148 129.598 1,114,065 122.395 837,813 1.246.388 16.080.869 2,504.089 29.076,704 229,718 2,718,312 353.912 1,457,234 378.676 2,490,224 373.633 12,189.585 209,973 2.769.347 54,216 1,180.645 2.236.542 255,540 145.726 1,075,076 70.336 786.701 71.970 1.223.874 70.695 566.223 165.459 2.485.766 205.332 1.305.080 835.442 2.336.526 3.379.776 471,697 598,985 (1,158,013 , cent. 161 129 X 130 100 10C 10' 128 Sale price. d Unit of the Wisconsin Bankshares Corp. e Member of the Northwest Bancorporation. I Last sale. Cheyenne— t Per share. American Nat Bank. Stock Growers N Bk. 232,775 213,929 250.000 300.000 100 100 2,809.970 3.821.056 x z Trust funds. Ex-dividend. Effective 19 May 1932 minimum removed from the Montreal Stock prices of Canadian bank stock Exchange Sheet. Real Estate Bonds Bid. Bonds. Allerton Cleve Bids 6K« 1945... Certificates of deposit Bonds. Bid Ask Bonds. 49 24 30 10 30 Bing A Blng deb 6>*s 1950-M&S 50" 43" 16HJ Boston Parcel Post Station— Insurance Center 30 37 J&J 35 33 J&J B'way Barclay Office Bldg 6s 1941 20 Oct 1 6Hs July 1 A&O 1935. 1938 Jewelers ftp 3-year 6% notes 1931 Russeks 5th Ave Bldg 52 22 • 34 Louisville P O 5 4s Jan 1 1943 Mack Trucks R E Sec 6a 1936 Madison Clark Bldg. Chic— 45 1st 16 Hi m leasehold 6s 31-'42 MA Manhattan Co Bldg— k 35 2954 / 32 50 Mercantile 70 Sec sf 64s 1946—- A Minneapolis Parcel P 1st Sink 10 1953 ___J fund 5s r 24" 18 22 26 32" 10 Morton Hotel 1st 6s 1938... Munson Bldg (N Y) 64s*39. 15 1948 Nelsuer 52 K 5654 34 36 34 Hi 15 Bros Realty, 35 76 40 r / 6K ) 30 34 ~4~~ "8" 12 14 < i. 8 r 26 40 20 3 George Washington Hotel 6s 1944 25 35" Grant Bldg (Plttsb) 7s '47..FAA 15 18 49 Post Offices 54s 35.F&A15 Ave Bldg Corp— St Sta P O 1st lien 7s 1954 M&S Wauamaker (John)Phila.. 54s*49 Wardman Real Estate Properties 54 1st A ref 04s 1931-48 ..MAS — — " 37 23 — 13 f / "7" 18 20 .... 26 y2 - — 40 J& 50 75 81 f 1 - * 26 28 X Pittsburgh P O Serv Station— Sale price. 10 Temp (Ch) 04s 1949 Bldg(NY)6s 53.AAO 21 / 1938 10 Wadsworth 51 45 f 1 A&O On Masonic 20 Park Ave Bldg 6s 1941. Dec 29 59 36>4 54" 28 (N Y) 6s 1941 .... 14 2 96" M&N Corp— Varlck 15 9 15 33 93 35" 35 51 L 4 38 27 5 15 30 One-Seventy Bway /NY-) 64e One West 39th 8t Bldg 7s 194 f 64s 1941 6s 1944 Fulton-Platbush Bldg 6s '48-JAJ i f Certificates of deposit stpd Ctfa of dep unstpd f Garrett Bldg (Chic) 54a 193 f Gen'l Motors Bldg 0s 1948. H 25" 47 I Corp 64s *45 111 John St Bldg 6s 1948.„ 165 Broadway Bldg 64s f 6 4s 1942 20 19 10 52 Waldorf Astoria Fox 8t n 17 1st leashold 64s 1944—J&J 15 / Van Swerlngen Co 0s 1935.. F&A 45 35 f 6s 1948 >ne E 55th St 16" Vanderbllt 20 1935. Indus Bldg ( j M&N Un 16 28 P O 6s Mar I Station m s 40 1 21 12" 1st 42 88 52 30 1 North 40 86 21 Tyler Bldg 0s 1953 19th & Norfolk 55 17 20 20 51H 4 53 60 31 2H Inc— Walnut Sts 6s — 1 B__M&f« 10 37 20 ser 2y 5 3 10 1948 24 8 (Chic) 0s 1945.J& J 208 South La Salle St Bldg 1st s f 54s 1958 2100 Walnut 8t 6s Conv s f deb 6s 1948 J. N Y Athletic Club 6s 1946— 1900 Rlttenhouse Square 6s 50 18 Textile Bldg 1st 6s 1958 50 35 - 35 45 Transp'n Bldg(Ohlc)64s'41MAN Trinity Bldg 54s 1939 JAD - 45 L Nat Hotel of Cuba 6s 1959. Nat Press Bldg 6 4« 1950 A 64s - — Taft Realty (New Hav) 6s'40AAO 10 East 40th 8t"eet Bldg 0s 1940 40 38 Properties, Inc— 1 Fox New Eng Thea 64s '43.FAA Fox Theatre A Office Bldg 38 35 70 — 6 21 - Sherry-Netherland Hotel 54s '48 Sbubert Theat deb 0s "42.JAD15 -tlxty-One Bway 54s 1950—AAO Gen mtge 7s 1945 Standard Bldg Corp 6s 1948.AAO Stanley Real Est 54s '45..JAD Straus Bldg 6s 1931-1941 State & Wash Bldgs (Chicago)— 1st sink fund 5s 1948»er A.MAS 50 — 20 k Shelburn,lnc(AtlOyj6 4s*40 Hotel — 38 74s'37—MAN / JAJ f SevlUa-BUt 40 36" stk 66 45" • com 47 35 60 f s 3H Bldg 54s 1942.J i 30 61 40 1512 Spruce St (Phila) 1st m 6s 1943 A&( 50 Bway Bldg tN Y) 6s *46-MAr 1500 Walnut St(Phlla) 1st 0s'47_ Nomina' Without Lords Court CO. 35 1946..JAD JAA Schulte R E Estate 6s 1935-JAD k 43^ 70 27 43 Exchange Place Bldg 6s 1938 n 26J4 _____ 40 — 8av*»>-Piasa Uorp 0s Deb g 54s 1938 55 -— / Flat price, 25 x 25 45 — Stevens Hotel Dept of Labor Bldg, Wash. D O— 64« June 1 1932 J&D Detroit Hotel 64s 1932-41.MA8 Dodge Bldg 6 4s 1943 Drake (The) 6s 1939 Edgew B<rn Apart 6s '31-'44-AAC Eighty Fifth Ave 6s 1940 11 West 42d St 64« 1945 Eppley Hotels 64a 1941 JAJ Equit Office Bldg (N Y) 5s 1952. Ferry Sta P O (San Fr) 6s 19345tb Ave 55th St 64® 1945 s 27 65" 20 ■ 1st 6s 1938-1946 f m-mmm 55 - MAS Louis Theatre Bldg— AAO Fuller Bldg (OAF Realty Corp) 1st s f 5 4s 1949-J&.) r 18 95 6s 1937 65 50 Court A Remsen Sts (Brooklyn) 6s 1940 Dallas P O 6s Sept 15 1936 MAP a y 24 24 - 70 6s 1936 29 30 Chic Beach Hotel 6s 1941—J&D Chrysler Bldg 6s 1948 Cigar Stores Realty Holdings-— S f deb 5 His 1949 ser A—JA.i k Cleve Term Bldg 6s 1941 Golton Manor 1st 6s 1937—JAD 1st Lincoln Bldg 54s 1953. Lincoln 42d St Corp— 20 55 25" 16 26 24 20 / / — 2b Hotel 5 4s 1940 0s 1944 6s 1934 60 La Salle -0 31 Chesebrough Bldg 6b 1948..AAC Ob AvSta PO54» Novl5'32M&N - 26 20 k 70 35 21 Saks Realty 6s 1932 6s 1933 10 39 20 St Ohar.eN Hotel (Ati Oy) HV%s '46 St George Hotel 54* *32-'43 MAN - —- 30 - 20 13 - 10 45 - 16 25 30 31 1960.AAO " f 37" 48 6s Sept 1941 Bush Term Bldg 1st 5s / ./ - 1943 6s 1935 25 Ohanin Bldg 648 1945 -Chelsea Hotel 1st 6s L945—J&D 40.JAJL 43 36 10 6 / 42M 33" Broadway Bldg (N Y) 5*s 1950. Bway Mot Bldg (N Y) 6sT48.FAA Bway A 38th St Bldg 7s 1945 Bway A 41st St Bldg 6Ks 1944.. Bryant Pk Bldg (NY) 6 4b,46JAJ Budd Realty 6s June 1941.. Bldg (Ohtc) 7a 1941 86H / 10*0 1 JAD 6s 35 5Hs Boston Post Office Serv Station—- May Roxy Theatre 64s 1931-1932 64s 1935-1940 40 30 Bldg 64s 194? 1 50 Bowman-Biltmore Hotels 7s 1934 51 15 Herald Square Bldg 6s 1948——! Highbrldge Station P O. N Y— 54s Dec 1 1938 JAI Hotel Lexington 6s 1948 6s Estate Board Bldg 7s 1946 Realty Assoc Seo Corp 6s "37.JAJ 6s 1939 » Ask. (Chicago)— Real - 48 38" 10 M&S 50K 75 5 38" Barclay Hotel 644s 1945 bid. Qulncy Station P O f Allerton 65tb St Oorp(NY)5Ha'47 Allerton N Y Corp 5K* '47-J&J Conv deb 6s 1942 -.J*J 1 Atlanta Poat Office 5 «4s 1937 M&S B LI tin-Commodore 1st 7 s '34 Ask f 3 / 1st & ref 64s 1938 M&S / 1st & ref 64s 1948 M&S / Wardman Realty A Construction Deb g 64s 1938 M&S / Washington Bldg 6s 1940 JAD Westlnghoase Bldg 6s 1931-39— White Motor Realty 8s 1931-40.. Woodbridge Bldg 54s '41..AAO 4 85 90 5 — 9 11 .... — 11 70" 85 90 60 66 INSURANCE 112 NetSurplus Fire & Marine— ▲etna Insur (Hartf)-- Capital. 7.600,000 14,275,207 3,000,000 2,698,033 3,000,000 3,113,920 10 26 10 Amer Colony (NY).. Amer Constitution— 20 750,000 1,000,000 (N Y) o 1.000,000 (Wash'ton) Fire(N Y) Insur (Newark) 100 100 000 20 Amer Fire 10 (NY) 26 1,000,000 6,687,480 1,155.000 1,000,000 c2,341,750 5,000,000 1.500,000 1,000,000 (Boston) Buffalo Ins Co (Buff) Camden Fire (Camden) Carolina (Wilmington. N. O.)— Central Fire (Balto)— Voting trust c f-.Oity of NewYork(NY) Colonial States (N Y). Commonwealth (N Y Continental Ins (N Y Corcoran (Wash'ton) ,_.Y) Oosmopol n Fire (N Eagle fire (Newark) Federal Ins (Jer City. PIdellty-Ptaenix (NY). ion 3.000.000 100 1,000,000 2.000,000 Amer Amer Phenix (N Y)-* Amer Reserve (NY). Amer Salamandra—- 6 % 60 10 Automobile Ins (Hartf) Baltimore Amer (N Y) 2 X Bankers & Shipp Boston Fire Assoc of Phila— (Wash'ton) Firemans Fund (8 F)_ Fireman's Firemanslns (Newark" Franklin Fire (Phila). Glen Falls Insurance Globe & Republic Globe & 6 10 10 10 600.000 687,261 622,124 4.119,597 385,977 530,836 6,574,038 1,259.277 *42,749 4,925,294 480,897 1,529,301 6,744,708 602,131 4.970,210 476.844 NetSurplus Dec. Bid, Ask. 21,068,136 5,474,692 1,779,423 898,581 274,758 5,181,252 65,347 457.315 13,460,665 (a) 1,800,317 (a) 5,287,955 1,235,742 2,412,166 5,274,730 2,242,081 4,979.760 15 3P QX > 8 6 9 275 4 "7 ' 5X 6 1 10 6 "OX ' 9 IX 2lo"" *2* 50 240 m$x ~izx 681,635 ox }1,000.000 826,140 1,500.000 1,304,085 10 200,000 24,779 100 1.000.000 2,343,969 10 19.495,958 16,721,760 60 100,000 332,875 10 200,000 742,690 10 1.000,000 566,253 10 2.000.000 6,791,533 10 13,859,299 13,135,441 10 6,600,000 3,152,096 20 164,047 200,000 26 7.500.000 9,930,873 10 18,795,380 13,510,822 6 3,000,000 3,036,412 m 2,592,756 24,559,657 33,215 100 Great Amer Ins (N Y) 10 Guaranty Fire (Prov)Hallfax (Halifax, N. 8.) Hamilton Fire (N Y). "lo (NY).. Harmonla Fire (Buff). Hartford Fire (Hartf). Home (New York)... Home F & M (8 F)— 10 10 Homestead Fire (Bait) 10 Hanover Fire 60 10 10 10 7: "482,839 (Providence) 1.000.000 2.152,975 Fire (Pitts) 50 1.000.000 250,302 1.000,000 440.244 6.000.000 10,159,679 500,000 325,346 4.000,000 2,279,770 100,000 350,357 2,750.000 1,507,953 Brunswick Fire (New Brans, N J)._ 10 1.000,0*00 Michigan F & M (Det) 50 National Fire (Hartf). National F & M (N J) 10 UX 6% Nat'l Liberty (N Y)_. Nat'l Union (Wash).. Nat Union 50 2 ft 20 New York Fire 10 (Minneapolis) Occidental Ins (8 F)__ Pacific Fire (N Y) Phila Nat (Phila) 4.000.000 10,364.343 1.000,000 15"" 3 Is"" 6 10 30 75 2 17 19 5,028,050 5,000,000 1,000,000 666,430 4,245,940 11,492,439 894,732 5,034,267 85 538,900 2,322,133 2.000.000 Springfield Fire & Mar (Springfield, Mass). 25 Stuyvesant Fire (N Y) 10 Transport'n Ind (NY) Travelers Fire (Hartf) 100 (New York). 1,224,943 3,119,921 1,500,000 100 20 13,838,024 38 43 T" 7X 3X 4 ux "215,931 5 7 2.000,000 5.000.000 806,036 408,110 1,828,605 7,085.007 9,050,140 12,404,590 450 470 1.000.000 1.000.000 1.000.000 1,563,098 452,659 305.122 2,192,922 1,714,835 236,308 90 1,034,681 1,265,986 6,715,606 400.900 1.000.000 10 25 10 500,000 2.000.000 200.000 3,022,412 138,714 3.000,000 1,000.000 7,500.000 1,200,000 1.000,000 7,425,400 2,603.226 3,047,461 1,148,567 751,893 7X 9X 2,552,820 50 3,500,000 750.020 1.500,000 6.000,000 850,000 1,969,932 3,252,233 6,867,443 1,042,744 2,305,758 6.650,301 (6) 3.200.000 25 2.500,000 4,697,554 6,775,205 100 "4"" 10,184.859 (a) 36,246 Casualty & 8ur (Hartford) (N Y)_ 5 , 25 Oonsol Ind & Ins (NY) (Jonatitu'n ind (Phila; Continental Casualty (Hammond, Ind)__ Excess Ins (N Y) Employ eroRe-ins(KO) Fidelity & Dep (Balt). General Alliance (New 6 i sx 13 York) General 6 Gr 192 55 ~6~" 8 Surety (NY) Indemnity (Hartford) Independence nity 1,755,914 37 35X 5 3 7X ~2X "*5X 3X 4 6 6 8 m 2i* 28 2X 31 4X 1.250.000 818,682 2,929,111 4 8 10 3.000,000 4,127.023 8.609.354 24 27 10 i .OON.nnn 4 6 1,000.000 1,859,095 1,096,629 2.776,851 5 10 2.500,000 5.000,000 828.919 Indem¬ t IX 2X 648,223 5 2 8 4 Oas'ty (Phila) Maryland Gas (Balt). Mass Bonding & Ins (Boston) National Cas (Detroit) National Surety (N Y) 10 2,991,748 12,209,151 4,000,000 10 750,000 50 15,000,000 4,000,000 4,086,137 500,000 7,639,739 737,664 10,552.643 10 4.500.000 2,500.000 6,172,404 5 Amsterdam Cas (Baltimore)..Preferred Accident ... (New York).*. Public ll: 15 ;v 6 4 5 10 12 875,000 2,184,073 2,217,532 5 760.000 1,649,418 10 1,000.000 2,500.000 750.000 822,725 668.167 1,210,305 1,100,000 338,861 6,250,041 2,531,813 15 5 9 10 10.006.000 4,732,260 16,568,710 2 4 26 9 5 7X 19 7 8X New " 3X 2,670,904 10 12 IX 5 /_. (Phila) Manufacturers 1,055,112 1,809,805 143,311 10 20 9 Hartford Steam Boiler 4X 25,345,537 5 17 8 654.647 6.385.697 1,278,237 1,468,733 Amer (New York).. 6 21 i 13 3X 15 ox Indemnity (Newark) Seaboard Surety (NY) Stand Accident (Mich) U S Casualty (N Y)-. U S Fidelity & Guar¬ anty (Baltimore) 50 2i2 4* 2X 45" 4 Policy "17X '19X Life- Reserves. ..... 14 Aetna Life (Hartford) Californla-West. States J4 10 8,679,335 15 720,987 1,504,763 OX 8X Life 15.000.000 14,075,380 342,968,183 Sacramentoi__ 1.734.281 1.000,000 UX 13X 39.428,485 Louis) 15.032,660 6 8 37,149,334 5,561,032 123,640,902 544,079 14,958.486 110 135 25 9 28 11 6.216,562 500 600 400.000 397,701 100 2.000,000 1,538,332 10 3.000.000 500,000 Columbian Nat'l Life 10 400.000 217,795 369,419 8 13 10 3.000.000 8.373,149 4,974.184 25 30 (Boston) Conn Gen Life (Hartf) Continental Life (St L) 10 Kansas City Life (Kan¬ (t£ 26 1,000.000 1,000.000 69,823 4,000,000 2.000.000 590,948 2,695,556 1,713,941 6,165,948 1.758,494 5 1,730,427 2,463,812 (a) 8,451,259 3.805,406 1.000.000 752,308 3,127,125 1,639,723 1,533,437 621,676 8 8 11X 5X o VA 32 622,605 2,000,000 1.000.000 6 11 6,218,225 19 North wester nNational (Milwaukee) 1,003,252 Central States Life (St Fire (Plttsfield, Mass).. New Hampshire Fire (Manchester. N H) New Jersey Insurance (Newark, N J)—._ HamburgNorth River Ins (N Y) Northern Ins Co (NY) Northwest Fire & Mar 355,747 1,640,465 3,026,702 1.633,944 Seaboard F & M (NY) Security Ins (New Hav) AmerReinsur 0% New England York 727,406 250,000 2,000,000 2.000.000 t:*#' Casualty & Surety New New 4 St Paul PAM C8t Lloyd's Oasualty(NY) 105,930 8,480,982 102,177 0 2 Aetna 44 4X 1,355.848 1,260,953 1,748.403 19,391,157 2 30 Hudson 100 (Newark. N J) Merchants Insurance 2,568,888 315,623 Wheeling Fire (Wheel) 100 §M 4)4 ; 35 Merchants & MfTs Fire 10 X 1,171,674 366.929 29 2,411,430 20,095,632 9,493,985 214,782 13,327,592 9,534,666 5,743,198 64,623 2,028,776 1,849,096 83,996 2,712,454 2,670,904 4,150,635 31X m Westchester Fire (NY) 150 28,081,609 17,143,312 932,730 1,007,200 445,596 4,771.405 1,022,074 35,440,876 38.710,887 2,485,125 591,558 — 29 X 4,789,108 1,000.000 U ni versal I ns (Newark) 7,000,000 14,732,004 16,300,000 10,066,950 750.000 243,053 2,000,000 1,299,941 1.000.000 2,406,784 4.000.000 3,816,195 1.000,000 689,437 12,000.000 20,319,234 24.000.000 14,258,593 1.000.000 1,913,220 500.000 250,668 —. 10,928,478 Virginia F & M (Rich¬ mond) 27 Incur (Hud¬ son (N Y) 10 1.000.000 678,802 Importers & Exporters 26 1.000.000 (New York) 709,082 Insurance Co of State of Pa (Philadelphia) too 1,000.000 I,200,292 Insur Co of Nor Amer 10 12,000.000 27,670,843 (Philadelphia) Knickerbocker (N Y)_ 5 1,000,000 1,990,602 6u 200,000 496,023 Liafayette (New Orl)— 60 600,000 Liberty (Loulsv, Ky). 255,783 Lincoln Fire (N Y) 6 1,000.000 1,117,446 Lumbermen's (Phila)26 1.000.000 839,365 5 250,000 Majestic Fire (N Y)__ 147,123 Mechanics Ins (Phila) 26 600.000 626.243 Mercantile Ins (N Y). 100 1.000,000 2,152,975 Merch Fire Assur (com 10 3,000.000 II,400,787 (New York)_-\pref 100 1.000,000 I Ask Per Share 8,284,081 Victory Ins (Phila). 7,244,542 3,333,393 1,000,000 $ (Rochester) Rossia Ins (Hartford). (New York) "~I6% 5,736,570 2,464,131 5.000.000 $ Bid. Reserve. 6.000,000 19,548,552 3.000.000 1.000,000 1.000.000 __ Amer Surety CN Y) 10 Premium - ton '50" Rutgers Fire (New York) Washing¬ (Providence)— Public Fire (Newark) Reliance Ins (Phila) Reliable Fire (Dayton, Ohio) Republic (Dallas) Rhode Island (Prov). Unearned U S Merch & Shippers 1,349,975 893,931 92,112 10 , Rochester American 10 7 . Phoenix Ins (Hartf).. Providence 31 1931. Capital. Fire & Marine— share 14 23 X "4"" Par U S Fire 100 10 (Glen Falls. N Y)— Reserve. Per Amer Alliance (N Y). Amer Home Premium 1931. 1 Agricultural (Watet'n) Amer Equitable Unearned Dec. 31 Par STOCKS 1.000.000 1.000,000 849.832 2,853,320 481,269 55 11 65 11* 100 1.000.000 to Wayne. Ind) Mo State Life (St L).. 10 Occidental Life (L A). 100 Pan-Amer Life (N O). 10 2,600,000 5.000.000 1,000.000 1.000,000 sas City, Mo) 60,883,894 Lincoln Nat'l Life (Ft Phila Life (Phila).— 10 700.000 Sun Life Ass'nce (Can 100 2,000.000 Travelers Ins (Hartf) 100 20.000,000 West Coast Life (S F). 1 750.000 _ 3,500,000 73.451,583 1.040,652 139,304,871 127,600 21,213,758 2,289,484 25,464,957 290,149 11,867.984 *31751490 394,104.675 22,313,717 537,068,053 298,305 18,823.231 45 jii il* 13X 10" i2>i 120 195 248 273 2.50 2.95 -. ■' : Holding company. ft 320,000 no par shares, c Including 400 shares no par general management stock carried at 42,000. f All stock owned by National Suretv Co a AH stock owned by North British & Mercantile Co. k, Last sale, t New stock, r Ex-stock dividend, v Ex-rights, t No par value. * December 1930 figures. a