View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

JUN 13

193f

BANK/QUOTATION
RECORD
U. S.

FAT. OFFICE

MAY IN RETROSPECT
Page

Pag*

Commercial

Financial

and

1

Events

10

Cotton
Course of the Stock Market

.......15
13

Dividend Declarations

Federal Reserve Bank—Brokers' Loans .18

6
.18

Foreign Affairs..

9

Hides and Leather
Iron and Steel Trade..

Money Market

....

17

....

„

New Security Issues

12

Petroleum and Its Products
Rubber

...

Grain—Coffee—Sugar

................

9

11
10

...

—

Foreign Exchange.

9

10

Textiles

United States Treasury Financing..^. 12

INDEX TO STOCK EXCHANGE QUOTATIONS
p*s*

11

41

58

Exchange—Bonds

19

—-64

Chicago Stock Exchange

New York Stock

Exchange—Stocks

31

..66

Detroit Stock Exchange..

Philadelphia Stock Exchange.

61

-.60

Cleveland Stock Exchange

Pittsburgh Stock Exchange

59

San Francisco Stock Exchange

62

Angeles Stock Exchange ..........64

INDEX TO GENERAL

QUOTATIONS
Page

Pag*

Banks and Trust
Domestic

Canadian

Municipal Bonds-

Companies—

-100

....

-

111

......

Exchange Seats

91

Domestic..

93

Canadian

Bonds

73

83

Public Utility

91

.......

Federal Land Bank Bonds

Public Utility Stocks

78

Railroad Bonds

67

-.92

Foreign Government Bonds
Industrial Bonds.....

81

Railroad Stocks

Industrial Stocks

84

Real Estate Bonds

Insurance Stocks......

99

Real Estate Trust and Land Stocks

84

Textile Stocks

84

Title

Joint Stock Land Bank—
Securities

—

—.....

«Tiam.e

WILLIAM
ft




1

111

B.

DANA

Guarantee and

Safe

Deposit
84

Stocks

United States Government Securities.'. 91

Textile Stocks—

Mining Stocks.

71

-112

72

...—

Investing Companies Securities..

Mill Stocks—see

84

United States Territorial Bonds.

lO,

..91

1938

COMPANY,

PUBLISHES®

■

William

Page

New York Stock

Boston Stock Exchange.—

Los

*

New York Curb Exchange

Exchange..........—57

Baltimore Stock

Street, Corner of Spruce Street, New York




jiafe Deposit and Jrust Co
—OF BALTIMORE—

Capital $2,000,000
Surplus and Profits $4,196,364
1876 this Company has devoted itself
cAuiucsively to the management and conser¬
vation of estates—specializing the whole effort
of its highly trained organization in this business.

It

is

of the few trust companies in the
which has never engaged in general
banking, selling securities, etc. Its Directors are:
one

country

Edwin G.

Baetjer

Venable Baetjer & Howard

Charles H. Babcock

William G.

Reynolds & Co.

Baker, Jr..Baker, Watts & Co.

Howard Bruce

Chairman
more

George C. Cutler

President of Safe Deposit and
)

E.

of Board of Balti¬

National Bank

Trust Co. of Baltimore

Asbury Davis...-.President

of

United

States

Fidelity and Guaranty Co.

Lyman Delano

Chairman of Board of Atlantic
Coast Line R. R. Co.

Robert Garrett

I

Norman James

Robert Garrett & Sons

President of James Lumber Co.

J. Edward Johnston

Capitalist

Blanchard Randall

Gill & Fisher

Charles E. Rieman

Pres.

of Western Nat. Bank

BANK/QUOTATION
RECORD
REQ.

U.

S.

PAT. OFFICE

Copyright in 1938 by WILLIAM B. DANA COMPANY, in office
as Second Class Matter, March 9, 1928, at the Post Office

Entered

Quotation Record

and

the

description of

May 28 of President Roosevelt's

accuracy on

Bank

NO. 6

JUNE 10, 1938

NEW YORK,

VOL.11

of Librarian of Congress, Washington, D. C.
of March 8, 1879.

at New York, N. Y„ under the Act

measure.

4'

v

*■

•' —"-V

'

'

■'

of the special session of Congress
recommittal of the Wage and Hour bill

The most important act
The Bank and Quotation

Record is

of the companion publications
Issued monthly

one

•f the Commercial 3c Financial Ohronicle and is

within the

the Chronicle are SI5 per annum

Terms for

and Central

South
Spain. Mexico and Cuba, and

(except Argentina).

America

United States

Canada* $18.50 in

and U. S. Possessions and Territories; $16.50 in

$20 in other foreign countries.
a

Postage outside of United States extra.

year.

$1.00

Record is $10-00
Single copies are sold at

the Bank and Quotation

The subscription price to

per copy.

last

which

William Street corner

ministration

decided upon

indications of

possibility of even a temporary stimulus which

month to the

the recovery-relief measure might

House of

new

a

12, while the

May

bill on

the

on

and hour bill and President Roose¬

wage

revision measure become law

velt's action in letting the tax

of the Recovery

Republicans' denunciation

the

Despite

Appropriation bill the House passed it in substantially the
form

same

Senate, the bill made direct appropriations of $2,519,-

the

425,000 for lending and spending, and carries authorizations
of

$535,000,000—a

the

Senate,

total

As passed

by

appropriation

of

$3,054,425,000.

of

for

call

would

it

a

total

While the measure would appropriate funds

$3,722,905,000.

veto projects.

President would retain authority to approve or

During the

Senate debate on the measure,

June 1, a

on

letter from President Roosevelt to Senator Adams, in charge
the

of

bill,

was

read

which

in

the President

asked the

Senate to make the relief-recovery appropriations as
ible"

administration

in

possible

as

order

in

greatest number to work in the shortest time.
Senator Barkley moved that the

As

"flex¬

put

to

a

the

of the $1,425,000,000 Works Progress Administration

use any

appropriation for direct relief.

Opposition to such a pro¬

posal, however, caused the amount to be cut to $125,000,000.
Disregarding
looked upon
in

favorable view with

the

which observers

the tax revision measure, President Roosevelt,

speech at Arthurdale Homesteads in West Virginia, on

a

May 27, made known his intention to let the bill become
law without

his

of

tax

deficits

and

a

and

which
by

incurred

on

the

modified undistributed profits

2%% in addition to
$25,000,

above

The conference report

signature.

which provides* for

bill,

a

tax

permits

of 16%%

on

deductions

corporations

which

earnings

for

debts

under

the

and hour legislation, the P *esident was reported

and in the face of the
announced

was

fied to

Other

in

In his speech the
profits

and

capital

gains tax provisions of the new revenue measure and chal¬
lenged assertions of their sponsors that they would induce
flow

the

Mindful

of

private

of the

capital

Federal revenue struc¬

order

of the

Senate Finance

compromising




during

included

month

the

increase

to

which

bonds

time and the bill

to

the

staunch New Dealer and Chairman

be outstanding

may

at any

challenged

the

one

providing for the Administration's $1,090,-

656,000 naval expansion proposals.
Committee

included

actions

calendar

Senate

for

revision

the

withdrawal

and

possible

from

the

reintroduction

later of the bill which would authorize the granting of more
credits

liberal

railroads

to

by the Reconstruction Finance

Corporation, and the shelving by the Senate Banking and
Committee

Currency

May 3 of

on

a

bill

regulating

bank

holding companies.

Following the decision of the Supreme Court

on

April 25

holding that the rates proposed by Secretary Wallace under
Packers

the

missions

Kansas City

for

livestock

Stockyards

were

sales

com¬

invalid be¬

parties were not fairly advised of charges and

not heard before a final order was

Government,
son,

Stockyards Act

and
the

at

the

cause
were

May 20,

on

issued, the Federal

Solicitor General Jack¬

through

claimed that the Supreme Court reversed itself in the

Stockyards case and requested the court to reconsider its
This

decision.
Wallace

invade

making

and

be

of

Secretary

over

the

administrative

rateagen¬

Justice Black the sole objector, the Supreme

Challenging as "unwarranted" assertions that

itself between its

reversed

had

those

rulings of May.

the court insisted that it

not actually the absence of an

the court had
that

taking

by

regulatory functions of

1936, and April 25 of this year,
was

statement

a

May 31 refused to grant a petition for a rehearing

court

the

followed

administrative field

the

on

action

May 18 attacking proposals "to have the courts

on

With

cies."

examiner's report which

protested, but the lack of the broad principle

whom

the government seeks to

fairly advised of charges and be heard

order is issued.

At the

same

time

prosecute

before

(May 31)

a

shall

final

the Supreme

further

proceedings.
Other important actions

Committee which was instrumental

disputed "iheasure,

Bond

$30,000,000,000 the amount of

Court remanded the case to the District Court for

next January.

Senator Pat Harrison,

in

enterprise.

he would not veto it, although he

would insist on a revamping of the
ture

productive

"many good features" of the bill, however,

President said that

the

into

\
action

the bill amending the Second Liberty

on

government

reorganization1 legislation until the

on

congressional

final action

Act

growing drive f< r early adjournment,

V

of the case.

undistributed

pressin; for passage of the

May 31 that the President was satis¬

on

defer action

session.

next

May 9 and by the House on May 11.
the

wage

the present bill was sert to conference.

On the advice of congressio lal leaders, however,

April 8.

Court

criticized

inclusion of geographic

reorganization bill which was recommi :ted by the House on

present law are not allowed, was adopted by the Senate on
President

the

at

during the month considering

result,

President be empowered to

aimed

Encouraged by the capitulation of the House in the mat¬

instead of to the President, the

directly to the agencies,

filibuster

gradually decreased over a

In order to prevent a threatened

differentials and because the Senate passed a

ter of wage

As sent to

recommended by the President.

as

be 44,

would

hours

bill last year,

it

without his signature.

industries

would be 25c.

For the first year minimum wages

senatorial
wage

The House com¬

afford.

Senate
adopted the bill on June 3.
Other important developments
in governmental activities
included the passage by the
action

bill.

hour, graduated over a three-year period to 40c. an hour,

maximum

attention was turned during the

cam¬

definition of interstate

coming within the

as

a

Ad¬

provide that the Secretary of Labor

three-year period to 40.

unable to report any

still

observers

increased business activity,

the coming congressional

and

empowered to prescribe labor standards for

commerce.

AND

OF MAY—COMMERCIAL

with

but

circumstances,

same

the House reversed itself in the face of
pressure

be

FINANCIAL EVENTS

During the

and on May 24 passed a new wage and hour

,

Publishers,
Spruce Street, New York

an

REVIEW

the

under

different bill,

The present bill would

WILLIAM B. DANA COMPANY.

pleted

month,

past

Committee,

motion to discharge the Rules

a

blocking the bill, had been secured.

Drapers* Gardens, B.C.

LONDON OFFICE—Edwards 3c Smith, 1

the

was

was

paigns,

CHICAGO OFFICE—208 South La Salle Street.

With

fall

Dec. 17 after

on

A

unanimous

decision

on

of the Supreme Court included:
May

16 upholding the National

2

MONTHLY

Board in its order for the Mackay Radio &
Co. to reinstate five former strikers; a 5-to-2
decision
sustaining
the- principle
of the undistributed
profits tax by upholding a deficiency levy upon the 1931

REVIEW

Labor Relations

House

Telegraph

between

income of the National

Grocery Co. on the ground that the
concern had been used by the late
Henry Kohl, sole owner,
to prevent payment of surtaxes; an order on May 16 grant¬
ing a review of the constitutionality of the Tennessee Valley
Authority program which involves the appeal of the Ten¬
Electric Co. and 17

nessee

of

the

other utilities from the decision

special three-judge Federal District Court

Chat¬

at

to tax activities of the

officers
to

of

the

Federal

a

New

of

tax

might lay

York

Authority

subject

were

a

and

other

the

holding that the
10% admission tax on tickets to
games promoted by State universities.
The court
on May 31 until October.

government
football
recessed
Tax

Port

income

Revision

Bill

Becomes

Law

Without

nation-wide

a

W. Va., on May 27,

President Roosevelt made known that

the President said:
sign the bill—and I have until midnight tonight to sign

people will think I approve the abandonment of
American

it—many

important principle of

an

taxation.'

'■-•

•

If I veto the bill it will prevent many of the desirable features of it from

going

into

Therefore, for the first time since I have been President, I
take the third
into effect

The

which

course

at

is

ready

was

the House, on

conference

for

May 11, by

adopted by the

The

go

approval.

my

signature

after

a

new

Senate May 9 without

revenue bill is designed to raise
$5,300,000,000 in
The bill represents a compromise between the wishes
President Roosevelt and the group in Congress who

of

is

to

free

of

one

the

business

most

important means of recovery
industry from harsh taxation and

and

penalties.

With respect to the provisions of the bill, Wash¬
ington advices, May 11, to the New York "Journal of Com¬

merce"

said, in part:

As the bill

those

with

tax is granted to approximately 88% of the corporations—

net

subject to

incomes

of

$25,000

less.

or

These

corporations

will

be

sliding tax

scale of 12%% on the first $5,000 of income,
the next $15,000, and 16%% on the last $5,000.
Corporations with incomes in excess of $25,000 will be subject to an

14%

a

on

undistributed

depending

profits tax

Banks,
tions

of from 16%% to 19% on their net incomes,
the amount of income disbursed.
Under the bill this tax

upon

would expire,

however, at the close of 1939.

insurance

coming

out

companies,

would

corporations will be permitted to make
stock value

the House on

in

pay
a

receivership
flat

a

new

and

the

16%%.

tax

of

declaration of

their

changes

the

bill will permit free
pine and Western white spruce.

In

Associated Press

entry of Northern white pine,

Norway

The

the

advices, May 11, from Washington

stated:

was

bill,

of

much

of

the

existing law,

$5,000,000,000

incomes of less than

annually.
$25,000 from the tax

It
on

is

estimated

to

yield

corporations

exempts

with

undistributed profits.

Corpo¬

rations with incomes above that
figure would pay an income tax of 16%%
if all profits were disbursed to
stockholders and of 19% if all profits were

retained.

For

tween

16% and 19% figures.

the

a

partial

disbursement of profits

the rate is graduated be¬

dividends.

by the

new

law

required to

are

from the

pay a

also
tax

their

new

has
on

profits.

bill

also

drastically revised

been blamed for

capital

gains from
levied

gains,
held

assets

it

the

depression ills.-

would impose the

no

longer than

tax

Instead

18

on

regular
months.

capital

of the

income
A

flat

tax

While the Senate struck

out

rates

upon

20% would be

gains from assets held from 18 to 24 months and
would be applied to
gains from assets held longer than two

the House had approved a bill

gains—which

present graduated

upon

the undistributed profits tax in

a

15% rate

years.

its entirety,

retaining the remnant finally approved today.

President Roosevelt Signs Bill
Amending Second Liberty Bond Act
Increasing to $30,000,000,000 Amount of Outstanding LongTerm Government
Securities—Continues Limitation of $45,000,000,000 on Total Securities Which
May Be Issued

President 'Roosevelt
creases

from

on

May 26 signed the bill which in¬

$25,000,000,000

to

$30,000,000,000 the amount

of government bonds which
may be outstanding at
The new law does not
change the

time.

government
.

Reserve

Act—

April 14, and in amended form it passed the Senate on
The Senate amendments were concurred in by the
House on May 17.
^
on

May 5.

Roosevelt Signs Bill Passed by Congress Amending AAA

of 1938—Provides for Reallotment of "Frozen" Cotton

Acreage—

Increases Tobacco Quotas

Announcement

made

June

1

of

the signing by
recently enacted
crop control law—the Agricultural Adjustment Act of 1938.
The bill just signed by the President was passed by the
Senate on May 5 and by the House on May 20.
The Agriwas

President Roosevelt of

Roosevelt
and

on

bill amending the

a

Adjustment Act of 1938

cultural

Feb. 16.

on

Later

bill

a

signed by

was

signed by President Roosevelt

President

was

passed by Congress
April 7 embodying a

on

The

measure to

which the President has just affixed his signature increases

this year's national

tobacco marketing quotas 2% and pro¬

the redistribution of unused cotton acreage allot¬

ments.

.

President

Roosevelt

Signs

$1,090,656,000

Naval

Asks Appropriation of $23,875,000 to Begin

President
naval

Roosevelt

expansion

vessels

the

over

bill

Expansion

Bill—"

Work Under Measure

on May 17 signed the
$1,090,656,000
providing for construction of naval

10

next

This

years.

calls for

measure

a

general increase of 20% in the Navy's power above treaty
limits.
The bill signed by the President was the compromise

agreed to in conference; the conference report was
approved by the House on May 11 and by the Senate on
May 13.
The bill, before going to conference, had been

measure

on March 21 and the Senate, May 3.
Roosevelt, in a letter to Speaker Bankhead, on
May 20, asked Congress to appropriate $23,875,000 to enable
an
immediate beginning of construction under the naval
expansion bill.
The sum requested would be used to start
building 13 naval vessels, a dirigible, a "mosquito" fleet,

President

nine

naval

planes,

yards.

and

for

improvements

at

three

Law

naval

V'"'

...

Amending Federal Reserve Act Extending

Which

Loans

Executive

to

Officers

of Member

Time

Within

Banks Must

Be

Repaid
A bill

velt

passed by Congress, and signed by President Roose¬
April 25, extends for

on

one year (from June 16, 1938,
the time within which loans made prior
to June 16, 1933, by member banks of the Federal Reserve
System to their executive officers must be repaid.
The bill,

to

June

16, 1939)

which amends the Federal
March

Reserve Act, passed the Senate
25, while the House passed it on April 14.

President Roosevelt in Message to

In

a

Congress Recommends Appoint¬

of Committee to Study Phosphate Resources

message to

declared

that

it

Congress, on May 20, President Roosevelt
"high time for the Nation to adopt a

is

national policy for the production and conservation of phos¬

phates for the benefit of this and coming generations."
He added:
the

end

that continuous

and

adequate supplies be insured,

and that

efficient forms of this key element, phosphorous, be available at the lowest
cost

throughout the country,

Senate and
entire

of the

subject

legal limit

obligations,

which

remains

at

any
on




one

total

$45,000,000,000,

but increases the amount that may be held in bonds.

Senate

flat

16%, graduated in accordance with the

The

Federal

House of

phosphate

of

I recommend

that

a

joint committee of the

Representatives be named to give study to the
resources, their use and service to American

agriculture, and to make report to the next Congress.

While the smaller corporations are
exempted
operations of the undistributed profits tax,
they
corporate income tax of 12%% to
of

Amending

applied by the Federal Deposit Insur¬
Corporation, with respect to stockholders' double lia¬
bility in the case of closed banks. The bill passed the House

To

By comparison, under the present law—upon which business has laid a
major share of the blame for the present
depression—all corporations
pay a tax of 8% to 15% on their
earnings, and an added impost of 7% to
27% on such portions of those earnings as are not converted into

extent

Bill

ance

ment

reenacting

revenues

Signs

rule of subrogation be

on

it

agreed to by

were

On May 25 President Roosevelt signed the bill amending
Federal Reserve Act so as to provide that a uniform

capital

Another change in present law is complete elimination of
$100 of commodities futures transactions.
To aid home con¬

per

amendments

leaving

the issuance

the

All

spirits.

3c.

struction

Senate

issued,
on

Affects Double Liability of Closed Banks Insured Under FDIC

corpora¬

June 30 of this year and every three
years thereafter.
are
made in excise provisions, the most important
being the increase of 25c. a gallon in the present $2 per gallon tax on dis¬

tilled

permitted to be outstanding at

May 19.

Roosevelt

President

on

Numerous

The

securities.

of

New

corporations

bankruptcy

of

the partition
securities, but

adopted by the House

the White House complete exemption from the undis¬

goes to

tributed profits

be

of long-term bonds which may be
unchanged the limitation of $45,000,000,000

record vote.

a

taxes.

believe that

would

amount

vides for

President's

the

going to

am

going to let the Act

am

vote of 242 to 89, approved the
the measure.
The conference report

report on

was

I

to me.

open

midnight tonight without

bill

removing

short-term

number of amendments to the Act of 1938.

effect.

•

increase

to

as

Arthurdale,

midnight May 27 without his signature.
As to the reasons
for his course, in neither approving nor vetoing the measure,
I

16

The Senate on May 19 amended the bill so
from $25,000,000,000 to $30,000,000,000 the

time.

one

President

from

audience

he would permit the new tax-revision bill to become a law at

If

May

on

bonds and

Signature of President

Roosevelt

Addressing

which

securities
any

various TVA activities; two decisions

May 23 which greatly expand the government's power
States, one holding that salaries of

on

bill

a

government

leaving at $45,000,000,000 the total amount of government

tanooga last January sustaining the validity of the TVA Act
and sanctioning the

passed

The

Passes

Says

Spending-Lending

Government

Funds

Recovery

Will Not

Be

Bill—Senator Barkley
Used

Private Utilities Until Latter Have Chance

to

to

Compete with

Sell Holdings

The Administration's

spending-lending recovery bill was
passed by the Senate on June 4 by a vote of 60 to 10 after
Senate leaders indicated that President Roosevelt was pre¬
pared to yield to critics of the

measure on several

important

points.

On June 2 Majority Leader Barkley told the Senate
that the President does not want to use
government money

to build

owned

public utility plants which compete with privatelyuntil private utilities have had an oppor¬

systems

tunity to sell their holdings "at a reasonable price." On the
preceding day the Senate voted an appropriation of $125,000,000 for direct relief, after Senator Adams of Colorado
had

read

a

letter

from

the

President

in

which

the

latter

admitted that the unemployment situation has grown worse
during the past six weeks.
On

June

3

authorization

the

Senate

amendment to

added
the

$3,722,000,000.
Under the bill
May 12, by a vote of 329 to 70,

a
$300,000,000 housing
bill, bringing its total to

passed
an

by

the

House

on

appropriation of $3,054,-

>

425,000

House

Before the final vote in the

called for.

was

Republican motion to recommit the bill was rejected by a
vote of 308 to 89.
The measure was favorably reported to

March 9 of last year.
motion

a

Commit¬
for immediate debate on the

May 9 by the House Appropriations

on

tee, and the House prepared

which made direct appropriations of $2,519,425,000
under the President's new lend-

measure,

for

lending and spending

The bill also carries authoriza¬
tions of $535,000,000.
The bill was introduced in the House
on May 9 by Chairman Taylor of the Appropriations Com¬
mittee.
The
'President's
lending-spending program was
ing-and-spending program.

A Sen¬
ate appropriations subcommittee on May 18 completed ex¬
ecutive hearings on the bill, which is designed to provide
employment for 4,135,000 persons next year.
The Senate
on
May 23 began public debate on the bill, as the White
House agreed to a compromise designed to permit passage
recommended in

Appropriations Committee amendment to the measure
curtail Public
Works Administration
power projects

of

an

to

when

Senator Barkley,

they compete with private utilities.

Before final House action, on June 1,
was rejected by a vote of 27 ayes
to the "Herald

June 1,

Washington advices,

noes.

Tribune"

pointed out that a provision in the bill

inserted

by the House permitting a Federal district court to enjoin
enforcement of orders of the.Pure Food and Drug Adminis¬
tration

of the Department of Agriculture was opposed by
Secretary Henry A. Wallace.
The same advices said:
The bill as passed [by the House] was without the advertising restric¬
tions and penalties contained in the Senate measure.
It was explained that
recent passage on the Wheeler-Lea amendment to the Federal Trade Com¬
mission

14.

to Congress on April

a message

59

to

recommit

to

a

the House

3

MONTHLY REVIEW

June, 1938]

In

the

Act took

complainants of

mollified
It
of

extend

the

certain

and

"

•

of
been

food and drug measure had

form.
features of

the Wiley Pure Food Act

of the law to include cosmetics, therapeutic'

scope

escape

regulation.

would put under regulation

drugs intended for diag¬

and for remedying overweight conditions;

nosing illness,
tests of

pure

drugs that now

In addition the bill

able"

original

retain the most effective

and

devices

the

advertising feature.

the House appeared to believe that most

of

by the bill's present

would

1906

the "fraudulent"

of

care

event, members

any

require adequate

drugs before permitting them to be marketed; demand "reason¬

new

foods, drugs and cosmetics; subject to

sanitation in the production of

and
such addition is

to substitute an amendment
whereby no PWA money may be used for utility competition
unless a fair offer has previously been made by the munici¬

regulation foods that are dangerous because of natural poison content,

pality to the utility involved add rejected by the utility.
With a view to avoiding prolonged Senate controversy over

House Leaders

majority

proposed

leader,

Administration's

the

loans

on

where

cases

of competing power
to purchase the

construction

be made for

may

facilities in

bona fide offer

a

The
increased appropriations in the Senate bill included $212,000,000 for farm benefit payments and $300,000,000 for
private system at a "fair" price is made and rejected.

additional

loans.

slum-clearance

of the inclusion

Because

that

of the latter in the Senate bill on June 3, the House on

bill which would have

date decided to abandon action on a

provided

appropriation

slum-clearance

a

amount.

f

of

similar

a

Representatives

on

May 31 sent the Admin¬

with the Senate, but
Senate did not
hold their first meeting until June 2. because of the illness
of Representative Norton, sponsor of the House version of
the measure.
Meanwhile, on May 30, Senator Thomas, in
a radio
address, urged retention of the Senate provisions
istration's wage-hour bill to conference

the combined

for

body

that

further

to

insisted

Congress

(carried

The

measure.

bill

Senate

the

in

and rejected by the
mise

geographical

Southern members of

by

upon

the

that

following agreements

26,

differentials

wage

wide latitude

with

dislocation of industry and
The bill was ready for conference

prevent

unemployment.

May

board,

administrative

five-man

a

given
on

delegations from House and

last

July

in

year

House) would be assured in a compro¬
House passed the bill late at night

Only two major currents
of opposition were observable in the House.
A farm bloc
sought to amend the bill to exclude from its provisions any
by a vote of 314 to 97.

May 24,

stipulation that would increase wages of employees of com¬
panies manufacturing agricultural products, while a South¬
bloc

ern

lower

the

vainly endeavored to amend it
of

rate

House, by

vote of 322

a

to provide a

so as

On May 23

Southern industries.

in

wages

to 73, approved a motion by

Representative Norton, Chairman of the House Labor Com¬
mittee,

discharge

to

consideration

Committee

Rules

the

of the bill.

Norton

Mrs.

from

further

authorized

was

to

present the motion by a petition which 218 Representatives
signed on May 6.
the "Times"

From
The

Senate

bill,

stands

as

the

original

been

adopted first,

establishes procedure to fix minimum wages and maximum

work hours

business affecting

to

board

a

This

for

in

with

interstate commerce, but delegates power

declare

industries,

work

maximum

members, would work out labor standards

observing,

week

exemptions

and

minimum

a

of

wage

when

localities

certain

for

possible, the ideal

where

40c.

it

an

saw

of

a

hour,

fit.

It

40-hour

but could
would

The House

bill, however, lays down

interstate

and -the

the

For

and

first

three

inflexible pattern for all business

an

require payment of the

years

House bill,

under the

year,

week of

maximum

a

would

working standards in the South

first

hour

which

commerce,

same

44 hours

wages

wage

of

25c.

an

be established, but in the

would

the law increases in

under

minimum

a

same

elsewhere in the Nation.

as

and

wages

decreases

in

the

working week would be fixed by an annual scale at the point where the
40c.

minimum

would

In

hourly

be the national

the

House,

Northern

wage

the

and

40-hour

standard.

on

maximum
•

May 24,

a

.

working

week

coalition of Republicans and

bility to the provisions of the bill, rejecting by a standing
vote of 139 to 7 a substitute offered by Representative
mitted

(Democrat)

industries or
House

of Georgia which would have
of

establishment

the

Passes

wage

differentials

per¬

between

geographical areas.
Food and

Drug

a

Adopted

by

Senate

record

vote

the House

on

June 1

passed the

stated, differs
materially from the Copeland bill passed by the Senate on
Food

and

Corporation,

House

leaders

on

May 20 decided against further action at this session on the
companion bill, pending the Senate's later attitude.
Sen¬
ator Wagner is reported to have said that several members
of the committee of which he is Chairman suggested amend¬
ing the bill so as £o prohibit loans to roads proposing wage
cuts.
Incidentally it was stated in a Washington dispatch,

19,

May
will

to
to

resort

the New York "Times," that railway unions,
the Railway Labor Executives Association,
a nation-wide strike if a 15%
wage cut is

to

by the carriers.
The Senate Banking and Currency
on May 5 favorably reported the bill providing

made

Committee
for

Federal loans

the

railroads for equipment and

to

mainte¬

only minor changes were made 'by the committee in

nance;

bill, which had been approved late in April at a con¬
in Washington
of congressional leaders, Federal

ference

representatives

and

officials

of

The House Banking
approved the bill on May 11. r
Attempts

Revive

to

labor

and

man¬

Committee

Currency

Bill Abandoned for Present

Reorganization
Session of

railroad

and

agement.

Congress

Democratic leaders of the House and Senate

announced

May 31 that no revival of the Government Reorganization
Bill will be attempted during the present session of Congress,

on

despite earlier rumors that President Roosevelt would again

of the measure before adjournment.
The
signed by Senator Byrnes and Representative
Warren, as Chairman of the respective Committees on
Reorganization, followed a conference of legislative leaders
with the President, at which the subject was reported to have
been discussed frankly by the leaders.
The statemen
signed by Messrs. Byrnes and Warren
seek

passage

statement,

read:

1

;_.■■■

•

No further effort will

be made to pass the Reorganization BiU at this

session.

'

-

that the American people overwhelmingly desire some

It is our opinion
kind of effective

reorganization of our government in the interest of greater

efficiency and practical economy.
Without attempting to go

into details with reference to reorganization

Congress on the subject, immediately upofa

of the next Congress the question will be determined as

which this desirable legislation will be introduced.

to the form in
press

for prompt consideration by both houses at as early a
doubt of its successful enactment.

We shall

date as possible,

and we entertain no

Drug

bill.




The

measure,

The bill

mitted

it

is

it

shelved on April 9 when the House recom¬

was

Select Committee on

the House

to

Government

Reorganization.
Defer Action at This Session on
Regulate Bank Holding Companies

Committee Agrees to

Senate

to

by the

Agreement

mittee to defer
the Glass bill

Bill

Senate Banking and Currency Com¬

action at the present session of Congress on

providing for the regulation of bank holding

companies was made known on May 3.
Senator Carter
Glass, who introduced the bill oh March 2, indicated on
May 3 that
Reserve

controversy had developed between the Federal

Board

over

and the Federal Deposit Insurance Corpo¬
Federal agency should administer the

which

legislation.
In his message on April 29 to Congress on
monopolies, President Roosevelt recommended that Con¬
gress "enact at this session legislation that will effectively
control the. operation of holding companies."
Appropriations

Included

in ' President

Roosevelt's

Request

for

$107,143,000 in Additional Funds

In

Bill—Measure

Year Ago Goes to Conference

Without

Finance

Reconstruction

ration

;

Democrats defeated a move to give greater flexi¬

Ramspeck

of

(Democrat)

be

required to report to Congress on regulations promulgated and to present
data based on its investigations.
, •
in

of Senator Wagner

May 19 in dropping from the Senate calendar
the Administration bill liberalizing loans to railroads by the

discretionary authority.

board, composed of five

various

on Bill Lib¬
Wagner Had Re¬

This Session

on

the reconvening

having

measure,

except where

food

Decide Against Action at

legislation or to bind the next

advices, May 26, we quote:

which

of

Following the action
New York

according

,

Wage-Hour*Bill in Conference Following Passage by House—Senator
Thomas,^Urges Five-Man Board, as Provided in Senate Version
The House of

addition

the

eralizing RFC Loans to Railroads—Senator
turned Bill to Committee

congressional leaders

policies,

power

May 23 acceptance of the PWA municipal
loan restriction amendment to the bill with a provision that

announced

poisons to
"necessary and cannot be avoided."

prohibit

his

message

to

Congress

on

May 20 asking, for ad¬

of $107,143,000, President Roosevelt
included, besides the $94,285,401 for the Commodity Credit
Corporation, $415,000 for the Railroad Retirement Board

ditional appropriations

which

was

railroad

made necessary

employment.

by

the increased

reduction

in

The President also requested $400,000

4

MONTHLY REVIEW
'

>v
.

7"

~~

'

'

for the War

enlist, in

:

"

Department to

the

new

army

+

the 16,667 men expected to
reserve.
Other appropriations

included:

added

Government
session

of

Congress;

$139,306;
bration, $900,000.
Another

Office,

Civil

War

the

Court's

High

decision

whether it

determine

to

Covington, Ky., litigation involving the Ford Motor Co.

at

Service

$400,000 ;

Commission,

Department,

by

necessitated

$408,000,

the

lengthy

Department

of

for the Gettysburg anniversary cele¬

Immediately after the decision

In that

case

Board

gave

for

was

$3,782 to

pay

claims against the Collector of

York, while $9,940,793 is asked to

judgments against

pay

Labor

the

delivered,

was

notice that it would renew its attempt to reopen the

Watts, Acting General Counsel for the

Ford

Robert

case.

disclosed the Board's in¬

Board,

Covington, Ky.,

tentions by filing with the Circuit Court at

request

Customs at New

studied

also would apply to the Board's effort to withdraw from the Circuit Court

the Board said it already had filed a transcript.

Printing

Justice,

Officials

pay

long list of

a

objections to a Ford petition to take depositions from Board members and

employees.

the government in the Court of Claims.

Supreme Court agreed on May 31, by

Tbe

Supreme Court Denies Petition for Review of Kansas City Stock
Yards

Case—Following Decision Secretary Wallace Orders Re¬

opening of Case—Findings in Denver Stock Yards Case

The United States

,

City stockyards

Chief Justice Hughes,

case.

dissented,

denied

a

petition

government

for

recon¬

sideration of the April 25 decision.
Justices Cardozo and
Reed took no part in the Supreme Court decision of May 31.

The

April 25 ruling held void commission

rates for sales

of livestock at Kansas City stockyards authorized by Secre¬

of

tary

Agriculture

Wallace.

Secretary Wallace, in a
made public May 12, protested
against the Supreme Court ruling of April 25.
In denying
the petition for a rehearing of its April 25 decision, the

letter

to

Justice

Supreme Court

Hughes,

on

May 31 remanded the

to the District

case

Court

for further proceedings.
Secretary of Agriculture
Henry A. Wallace announced on June 1 that, in line with
the Supreme Court's decision of remanding the case to the

United States District Court at Kansas City, he had issued
order reopening the case.
The court upheld the govern¬

an

ment's
the

contention

$700,000

the

that

question

of who is

of

impounded money is
The
Department of Agriculture,
in
May 31, to this effect added:

still

entitled

to

undetermined.

its

announcement,

At the earliest opportunity a move will be made by the
Department of
Agriculture in the District Court making certain if possible tjhat no dis¬

tribution of the $700,000 impounded in the District Court be made
pending
a

rehearing of the

case

by the Department and the issuance of

a

new rate

order which will determine whether the moneys belong to the farmers or
commission

The

and their attorneys.

men

Department's action is made possible by the concluding part of

the Court's opinion of today, which in remanding the case to the District

Court for further proceedings, reads

as

follows:

"The second ground upon which a rehearing is sought is that there Is
impounded in the District Court a large sum representing charges paid in
excess of the rates fixed by the
Secretary.
The Solicitor General raises
questions both of substance and procedure as to the disposition of these
moneys.
These questions are appropriately for the District Court and
they are not properly before us upon the present record.
.
.
.
What
further proceedings the Secretary may see fit to take in the light of our
decision, or what determinations may be made by tne District Court in
relation to any such proceedings, are not matters which we should
attempt
to forecast or hypothetically to decide."

The

Solicitor General had moved for

rehearing

a

two grounds, the first being indicated
by the Supreme Court:

case

;

on

The

first

decision

is

the

U.

of

no

S.

Justice Butler's majority

ing Pictures Corp.

decision

468)

the

on

and that

;

significance" is

regarded

now

assertions,"

only

the

are

announced

in

our

former

as

appeal

(Morgan

vs.

United

omission" previously
"fatally defective."

said

two

the- court, "are
decisions consistent,

former

opinion

was

held

but the

position to claim surprise.
a

and

other

And the government is in no
The question whether there had

fair hearing in the present case, in the light of the
disclosed by the Secretary's testimony and the

evidence,

sented

both

was

fully argued at the bar.

orally and in

Appellants

pre¬

elaborate brief, with copious
references to the record the contention which we sustained."
an

The second ground is indicated further above.
United States

Court Concludes Term with Ruling Against NLRB
Order Affecting Republic Steel Corp.—Court to Reconsider
Radio Patent Pool Case—Defers Thomas
Mooney Appeal
'

'n

The United States

Supreme Court on May 31 refused to
by the Circuit Court of Appeals in Phila¬
delphia, denying the right of the National Labor Relations
Board to withdraw from an order directing the
Republic
Steel Corp. to reinstate 5,000
employees. The Court did not
rule on an appeal
by Thomas Mooney from a California
sentence of life imprisonment in connection with the 1916
San Francisco bombings, and indicated that such a
ruling
will not be
forthcoming before the tribunal meets in October.
In outlining the
ruling in the case of the Republic Steel Corp.
and other cases, Associated Press
Washington advices May
31 said:
.i
v;v'' •
overrule

a

decision

draw and

[Republic Steel case] that

judges refusing permission to with¬
directing the Board to proceed with the litigation by filing a

transcript of the record:

Justices Butler and McReynolds dissented and
Justices Stone and Cardozo did not
participate.

"The

Circuit

Court," Justice Roberts said,

was

The litigation

license agreement




an

Products,

Electrical Research

Inc.,

and American

Telephone and Telegraph Co.

In

two

States Supreme Court, on

rulings of the United

May 2, delivered by Justice Fierce Butler, relative to the
so-called Radio Patents Pool, and a suit in which the court
reversed

lower

of

dismissal

court

a patent infringement
Seal against Ferdinand
Guttman & Co., Brooklyn, dissenting views were presented
by Justice Black.
Justice Black criticized the majority
for its findings in the two cases,
which he said "will
inevitably result in a sweeping expansion of the statutory
boundaries
constitutionally fixed by Congress to limit
the scope and duration of patent monopolies."
The ma¬
jority decision, 5 to 1, in the Radio Patents Pool case,
affirmed a Second Circuit Court of Appeals ruling that the
General Talking Pictures Corp. was guilty of infringing on
vacuum tube patents held by a pool.
The suit was brought
by the American Telephone & Telegraph Co. and two sub¬
sidiaries—Western Electric, Inc., and Electrical Research
Products, Inc.
In the patent case the court upheld (by a
vote of 6 to 1) two patents of Crown Cork & Seal Co., Inc.,
of Baltimore, for manufacture of bottle caps, said Wash¬
ington advices to the "Wall Street Journal," which added:

suit

The
in

a

brought

case

by

Crown

decided

was

claims

presenting

Cork

technical

the

on

under

&

Butler

the

read

method

a

of

court's

applying

question

application

an

opinion

the

bottle caps.

round

Cardozo

and

the

of

of

effect

delay

"divisional"

so-called

a

the

upholding

metal

foil

which

patents,

the

to

of

inside

•'^l-"*'

r'SV

Justices Reed

of

the original patent.

patent amounting to an amendment of

did not

participate in either

while Justice Roberts took no part in the radio patent

case,

NLRB Sustained

order which the Board was authorized

by United States Supreme Court in Case Involving

Precedure—Ruling in Mackay

The National Labor Relations Board
that

it

had

Supreme
Mackay

gained

Court

cedure of

as

of

In

a

action having to do with

an

Co.,

Radio & Telegraph

Supreme Court

the

court,

in

event

the

ruled

decision of the Ninth Circuit Court

Appeals at San Francisco reversing

fornia

May 16 asserted

major victory in the United States
the result of its action upholding pro¬

Board.

the

Suit

on

a

unanimously against

decree of the Cali¬

a

Supreme Court held that the NLRB is
empowered to compel the reinstatement of union workers
the

the

they have been discriminated

against by the

Supreme Court's ruling was written by
Justice Owen D. Roberts; Justices Reed and Cardozo did
The

company.

not participate.

In reporting from its Washington bureau

regarding the court's conclusions, the "Wall Street Journal"
stated that the

Supreme Court ruled that

has

compiled with the Wagner Act has

his

business

"Wall

by filling the jobs

Street Journal"

clusions

follows

as

strikers when
This

was

decision

an

a

employer who

right to protect

The

of striking workers.

further summarized the court's

con¬

:

Furthermore* it held, the employer is under

no

compulsion to rehire the

they elect to return to work.

one

which

of

several

clarifications

nevertheless

Radio &

Telegraph
Mackay

case

an

of

the

Labor

Act

contained

order by the NLRB against

in

a

Mackay

Co.

In

upheld

the

the

court

offer jobs to five strikers who were
for

reemployment after

a

the

procedural

step

of

upheld

hearing."

issuing

a

the

Board's

order

that

Mackay

said to have been discriminated against

strike and

denied "a full and adequate

declared the

had not

company

The Board in this

trial

examiner's

been

had omitted

case

report

to

which

the

employer could take exception.
Other points covered
That

strikers

remain

included:

employees

under

the Act

and

are

entitled

to the

protection given by the Act against unfair labor practices by employers.
That it is
to

"No adequate remedy would be
open to the Board by way of certiorari
and desired to set aside."

Talking Pictures

the American Transformer Co., which had a

with the "patent pool." Members of the pool were listed

Electric,

Western

as

title."

purchase of General

of the

out

grew

of vacuum tube amplifiers from

review of which

the stature provides.

from the court's ultimate review of

article"

him "to extend his monopoly into the country's chan¬

nels of trade after manufacture and sale which passes

"was without jurisdiction

not in law or fact the final action,

contended the patent law "only gives the

Justice Black, in his dissent,

of the

subject matter.
If the Board had compiled with the orders made, a
hearing would have resulted respecting the legality of supposed action of
the Board which

and had approved a

years

sale."

patentee the exclusive right to make, use and vend his patented
and does not permit

^

in the

"upset" the law followed for 100

restriction upon a patented article "after its

■

Justice Roberts delivered the opinion
reversed a decision by the Circuit Court

rehearing, the General Talking Pictures Corp. contended

a

the court had

was

situation
•

"the radio trust," holders of a pool of patents in the elec¬

as

rule

decisive of the present appeal.
been

described

In asking

case.

unwarranted.

applied

in making talking pictures.

use

trical industry.

States,

"to' be

decision on May 2 held that the General Talk¬

Co. and others for

Talking Pictures said the other companies belonged to what

General

Justice

"procedural

said:

after reargument next

of New York City had infringed patents owned by

the Western Electric

was

former opinion,

Justice Black's views might be adopted.

Oct. 10, some of

cover

"These

Not

follows

ground is that the court had reversed itself; that the present
"directly contrary to the law of the case" as established by

court's

298

as

of the

May 31, from Washington,

Should the tribunal reverse its

handing down the majority opinion, to which only Justice
Black

Press advices,

ated

term, before adjourning for the summer, ruled on
May 31 that it would not reverse its decision of April 25

in the Kansas

patents pool ruling of May 2, in which
Justice Hugo L. Black had delivered a lone dissent.
Associ¬

Supreme Court, in its final session of

this

5-to-l decision,

a

to reconsider a radio

an

unfair labor

discriminate against any

cessful

That

practice for employers, when rehiring strikers,
group

because of union activity

in

an

unsuc¬

strike.
an

employer "guilty of

lost the right

no

act denounced by the statute"

has not

to protect and continue his business by supplying places left

MONTHLY

June, 1938]
vacant

"And he i6 not bound to discharge

'by strikers.

those hired to

fill

the election of the latter to resume their
employment, in order to create places for them," Justice Roberts said for
places of the strikers, upon

the

the court.

States

United

Consolidated

Supreme Court Grants Request of
York for Review of Appeals Court

Decision

Co, of New

Edison

Sustaining NLRB Ruling

Against Company

which, the company was
directed to comply with the NLRB demand for reinstate¬
ment
of
six employees allegedly
discharged for union
activities.
The Supreme Court, which will review the case
at its next term, is asked by the company to determine
whether the NLRB has jurisdiction over local, intrastate
in

America,

of

Workers

Radio

utilities.

,y:"

.■

Decisions Widen Federal Taxing
Powers—Taxes on Employees of Port Authority Upheld as Well
as Admission
Tax in Case of Football Games

United

States

Supreme

to tax the income of
corporations were con¬
decisions of the United
Court.
One of these rulings held that the
impose levies on athletic contests at State

Powers of the Federal Government

States Supreme

government can

similar taxes on employees
A 6-to-2 decision sus¬

universities and the other upheld

York Authority.

of the Port of New

Federal admission tax on tickets to intercollegiate
University of Georgia and the Georgia
Institute of Technology was delivered by Justice Roberts.

taining

a

football games at the

Federal Govern¬
offi¬
delivered by Justice Stone.
In summarizing these
Associated Press Washington advices of May 23

6-to-2

Another

opinion

that the

holding

ment could collect an income tax

cials was

decisions,

from Port Authority

said:

file a brief with
asking protection from "Federal usurpation" and "the burden
Authority litigation had caused 25 States to

The Port

the

court

taxation."

Federal

of

Federal tax may be imposed upon the
its receipt of income or its other
activities," Justice Stone said "we decide only that the present tax neither
precludes nor threatens unreasonably to obstruct any function essential to
Authority itself

"So
the

much

State is

of the burden

but

respect to

with

continued existence of

the

incident to the co-existence within

restriction
the

upon

Federal

*

presupposes.

Butler

participate.

and

Justice Roberts held that immunity from

The decision reversed a ruling

s;
Justice Cardozo

■ ,

.v

did not

by the Fifth Circuit Court of

assessment invalid on the ground that it

State university.

by the

business enterprises conducted

dissented.

McReynolds

Appeals holding such an

the

It

sustained

State

Tax
of

dom

in Suit of

on May 16, when the United
States Supreme Court "noted
jurisdiction" in the challenge of 18 Southern private utility
companies to their operations, and agreed to hear argu¬
ments in their case at the next term of court.
Chief Justice

Hughes announced the court's decision on May 16
sider the case following an appeal which contended

that a

three-judge eastern Tennessee Federal Court had
upholding validity of the measure and all
functions of the Tennessee Valley Authority.

SupremelCourt Upholds Principle of Undistributed
Profits Tax in Case of National (Kohl) Grocery Case—In Another
Case Brought by Adams Manufacturing Co,
Court Rules on

principle of the undistributed profits tax was sus¬
on May 16 when
(said Washington advices to the
New York "Times") the United States Supreme Court by
a 5 to 2 vote upheld a deficiency levy of $477,360 upon the
1931 income of the National Grocery Co. on the ground that
the concern had been used by the late Henry Kohl, sole
The

tained

surtaxes.
the opinion, with Justices
McReynolds and Butler dissenting without writing and
Justices Cardozo and Reed absenting themselves.
At the
same time
(May 16) the "Times" advices noted, another
major tax case was settled when Justice Roberts asserted
for the court that the Indiana gross receipts tax constituted
a burden upon interstate Commerce, but
said that it could
be applied to previously declared tax-exempt bondfc of In¬
diana municipalities.
Justice McReynolds disagreed with
both conclusions, Justice Black with the first, and Justice
Cardozo did not share in the Roberts finding.
to prevent payment of
Justice Brandeis delivered

owner,

Supreme Court Upholds Arizona Revenue
Applicable to Newspaper Publishing

Law—

Rules It

In

that

May 2, the validity of an Arizona rev¬
Supreme Court denied in effect
State license fees and business privilege taxes on news¬
upholding,

on

law, the United States




Arizona

non-discriminatory

newspaper) must pay equitable and

a

'

imposed

1935

of

Act

Revenue

a

1% privilege tax on the

subscriptions.

take out

including revenue
required to

to this tax also were

Businesses subject

privilege license, with a $1 fee.

a

United States Supreme Court Agrees to Review
Claims

Decision Rejecting

Refunds—Test Case Affecting Citizen¬

Tax

Coton

for

Defend United States

ship of Alien Refusing to

Supreme Court on April 25 agreed to
Tenth Circuit Court of Appeals decision rejecting

United States

.Tlie
review

a

claims

of cotton

producers for refund of taxes paid under

repealed Bankhead Cotton Control Act.
United Press
advices from Washington, under date of April 25, said:

the

Court

Circuit

The

held the tax was levied

against ginners,

rather than

producers, of cotton.
The action
Co.

Farms

refund

of

Stahmann

revealed when the court granted the petition of

was

for

of

review

a

$13,064

Ana

Dona

paid

the

cotton grown on the firm's land in

taxes on

as

suit for a

farms'

dismissing the

decision

County, N. M.

25 the Supreme Court declined to review a de¬
Federal District Court denying citizenship to
aliens who refuse to bear arms in defense of the United
On April

cision

of

a

:

States.

./

United States Supreme Court Ruling on Frazier-Lemke Farm
Moratorium Act

The United States

Debt

Supreme Court on May 31 ruled that

Frazier-Lemke farm debt moratorium law operates to

period of redemption of a foreclosed farm under

extend the

according to Washington advices to the "Wall
winch said:

law

state

Street Journal"

involving James M. Wright, a farmer of Jay

a case

it ruled that this

the

under

County, Indiana;

provision of the law was within the power of

Congress

of the Constitution.

bankruptcy clause

The Union Central Life Insurance Co., which had

foreclosure sale, had argued that under Indiana

purchased the farm at a

law it was not a creditor

with rights acquired by the purchase."

but "a grantee

Justice Reed, delivering the

A person

Court's opinion, said that the purchaser at a

whose land has been sold at a foreclosure sale and holds

of redemption

debts."

the right
in

is in the same debt situtation as an ordinary mortgagor

default, he said.

3,000 Goodyear Workers End Strike at Akron—Walkout
when Company Makes Concessions

Leaders of the United Rubber

the-Committee

Goodyear

Workers Union, an affiliate

Industrial

for

Called Off

Organization,

and

the

Rubber Co., announced on May 30 that

Tire &

approxi¬

strike and to return
in Akron, Ohio, on
May 31.
The announcement,. stressing concessions made
by the company, said that "the present stoppage of work is
ended." Associated Press Akron advices of May 30, in de¬
scribing the conclusion of the walkout, added:
mately nine to one to conclude their
to work at the Goodyear Co. plants

A

issued

statement

by the

agreement with

had
immediate steps to conclude a written

Executive Board said that the company

pledged "to our committee to take

the local union.

.

said the company agreed to discuss

Executive Board statement also

The

overtime

with

union

a

committee,

and gave a verbal pledge of a written

contract.
The
as

policies,
leaders

Jan.

retroactive to
started

strike

described

as

last

1, the statement said.
night [May 26] over what union
grievances" and a riot occurred when

Thursday

"accumulated

rubber' workers clashed at

police and

B, F, Goodrich

An
B.

F.

quickly
with hitherto agreed

agreed to negotiate wage adjustments and act as

company

possible to review all specific grievances in conflict
The

Indiana Gross Income Tax

.

maintained that "like others he

involved and

not

was

in turn had upheld the Arizona
contended the issue of free¬

Commission

Tax

income of certain newspapers and other businesses,

United State

enue

press

Court, which

The

from

to con¬

been mistaken in

States

the District

nearly 3,000 union members had voted by a ratio of

The constitutionality of the Tennessee Valley Authority
be determined this year, it was virtually assured

United

publisher's request for a
and the imposition

gross

burdened

Act will

of the

Arizona

the

restrain collection of the tax

to

his business."

on

The

denied

yesterday

Commission.

the

on

license.

(the publisher of
taxes

condition

a

Court in a brief.

v

United States Supreme Court Agrees to Hear Arguments
18 Utilities Against TVA

special

court

injunction

privilege

as

newspaper

a

on

the

permanent
of

of

.

tax

impose a gross
its continued publication,

State Legislature has no power to

a

they told the Supreme
But

regulate

the press is "the power to

to license

The power

judicial sale enters into the "radius of the bankruptcy power over

gain."

for

Justices

a

sovereigns, and hence is a burden

Government."

Federal taxation "does not extend to
States

the same

if allowed,

the admission tax decision,

In

reach

would impose to an admissible extent a
the taxing power which the Constitution has granted to

immunity,

ruling.

destroy it" and

or

In

of the tax laid upon the income as may

organized government of the two taxing
the existence of which the Constitution
"The

it

the State government.

necessary

a

court

the

"Expressing no opinion whether a

Port

cating this, the Washington "Post" of May 3 said:
The high tribunal's decision was announced in a simple, four-line order,
affirming the judgment of a three-judge Federal court at Phoenix, Ariz.
Counsel for the Arizona Publishing Co. had appealed from the lower

Court

employees of State quasi-executive
siderably widened on May 23 by two

In indi¬

abridge "freedom of the press" guarantees.

papers

receipts

Court granted the
request of the Consolidated Edison Co. of New York, Inc.,
for a review of the order of the United States Circuit Court
of Appeals in New York in sustaining on March 14 a
ruling of the National Labor Relations Board in a contro¬
versy between the company and the United Electrical and
United States Supreme

On May 16 the

5

EE VIEW

a

change of shifts a few hours later.

Co, Strike at Akron Ended

agreement to end a str^e at all of the plants of the
Goodrich Co. at Akron which started on May 20 and

put more than

8,000 people out of work, was reached on

May 25 between interests
the Rubber Workers Union.

representing the company and

It is said that the strike was
against retention of eight apprentice
electricians while men with longer service were being laid
off.
L. L. Callahan, President of the Goodrich local of the
United Rubber Workers of America, made a statement on

called

as

a

protest

May 20, after the strike was
Union members voted
have
10

called, saying, in part:

May 4 to reject a written agreement which would

provided vacations with pay but called also for hourly wage cuts of
20 cents.
T. G. Graham, company Vice-President, had announced

to

that

unless

vacations

the

wage

cuts were accepted the company would

and also that the company

Under

the

agreement

might

reached,

The
union

of Commerce we

discontinue
5,000 jobs out of Akron.

normal

May 31.
learn that:

resumed at the Goodrich plants
Chamber

move

operations were
From the Akron
,

significant points on the Goodrich settlement are acceptance by the
of a 7^-hour day, and a 3 8-hour week before overtime is started,*

and

then

even

negotiation

the

of

question

before

overtime

between management and

the

40

hours

Further,

union.

is

subject

the

union

to

Morgenthau Jr. stated in Washington that the

has

would continue in effect.

'

fully assured the

company

be

used

installed
in

matter

and

that it recognizes that modern machinery must

efficiently.

The

compromise

part meets the company's demand for

the

on

wage

vacation

pay

readjustments.

Settlementjof Strike at Duluth "Herald and News-Tribune" Plant
The

strike

Duluth

the

at

and News-Tribune

"Herald

plant, which was called on April 3 by the Lake Superior
Newspaper Guild, a Committee for Industrial Organization
affiliate, was ended on May 25 when the Guild members
accepted the formal contract by a vote of 68 to 3, Joseph H
Jordan, publisher, announced on May 25.
Mr. Jordan saic
the

the

of

terms

included:

contract

Waiver

of

Guile

the

shop in the editorial and news departments, a qualifier
Guild shop in the commercial department with the exception
of outside advertising solicitors, a five-day 40-hour week
for a majority of the employees and an agreement that
wages should be fixed by a Board of Arbitration.

United. Automobile
settlement
union

reached

Union

Workers

April 30 by

on

representatives, which ended

terms of the settlement

May 1 ratified a
officials and
two-week strike.
The

company
a

The strike at all

not revealed.

were

eight plants of the Bohn company was called by the union
after

disputes, which first closed the two factories

Avenue

in

Hamtramck

U.

replacing

A.

W.

due

the

to

members

with

company's
foremen

Clay

on

policy

of

producing
jobs. The company, however, claimed that it believed that
the real reason for the strike was the campaign for collec¬
tion of dues conducted by the union.
The company nomi¬
on

only about 1,000 men were employed.

Edouard

international

Daladier

made

a

fresh

in

move

the

during May, as part of his
program for adjusting the French New Deal to world con¬
ditions
ents

currency

well

as

game,

circumstances

as

utilized

were

permit.

Numerous expedi

by the French Premier, by means of the

decree powers granted by the

Parliament, to arrive at rea¬
sonably satisfactory palliatives for the heavy budgetary
deficits still common in his country, and for the difficulties
produced by a program of social legislation that keeps capi¬
talists in a state of continual apprehension.
One of the first
problems faced by Mr. Daladier and his Finance Minister,
Paul
Marchandeau, was that of the great outflow of
fugitive funds from France to the London, Brussels and
New

York markets.

tions

with

French

After intensive preparatory conversa¬
American finance officials, the

British

and

Government announced

tion of the

franc,

on

May 5 another devalua¬

de facto rather than

on a

step.

rency

definite

A

made

was

in

move

the

immediately

State

of

de jure basis.

a

When the effects of all these measures
or

16,

May

on

of 5,000,000,000 francs at 5%,

loan
with

special

and

inducements
desire.

so

loans.

this measure,

upon

and

the

every

fresh outpouring

of funds seemed to invite a further decline
a new flight of capital.
Faced by this situation, the Premier and his Ministers

of the currency

The

and

"attacks

behind it.
fixed

by

Even

the

French

stabilization

fund

the rate of the de facto stabilization

so,

under the rate reached

government was

in

the open market.
A floor or "cellar" level was fixed for the
franc at 179 francs to the pound sterling, and to all intents
and

the

purposes

unit

thus

pound

is

calculated

$5,

at

British
concerned.
If

affixed to

fluctuations

currency, so far as further
the

was

the

are

the

floor

French

equivalent to 35.8 francs to the dollar,

rate

is

2.79c. a franc.
Although this was stated by Finance Minister Marchandeau
to be the lowest rate permissible for the franc, a recovery
was
not ruled out.
The maneuver proved impressive to
many French capitalists who had sent their funds out of
the country in fear of currency declines, and an extensive
repatriation promptly set in.
The return flow was "au¬
thoritatively" estimated at $400,000,000 for the single day
following the announcement, but this was an.obvious exag¬
geration.
It is apparent', on the other hand, that a heavy
flow

return

and

Brussels

At the end

or

kept up for several weeks, with the London
markets feeling the brunt of the movement.

of

fairly well established that the
entire return flow of French capital after the devaluation
expedient amounted to about 20,000,000,000 francs, or the
equivalent of about $550,000,000. There were no clear indi¬

cations that
of

French

May it

was

the New York market gave up large

funds, although

some

Czech

amounts

departures occurred.

whereunder the

British, French and United States
Governments agreed on defense measures against extraor¬
dinary

fluctuations

of

their

units,

seasonal

whether

or

M. Marchandeau assured his countrymen that

speculative.

the agreement would remain in

confirmed
Rumors

by

that

the

London

Great

Britain

force, and this was quickly
Washington
authorities.
and the United States might
and

follow the French example were" emphatically denied.
on

May

assured
action

5

Chancellor

the

would

partite pact.

British
not

be

of the

House

John

Exchequer Sir

of

considered

Commons

that

inconsistent

the

with

Late
Simon

French
the tri¬

Similarly, Secretary of the Treasury Henry




crisis

occasioned

sharp fall in rente quotations.

a

decrees intended to smooth
of

tions

by

other

difficulties

When quiet

working

hours

labor problems by calcula¬

over

annual

basis, rather than
Various production and export taxes were
other adjustments made to alleviate crying
an

on

weekly figures.

and

lowered,
evils. '

'•■■'•V'.r-J V"'
B.

One of the most

holders

at

/. S.

Report

significant documents

Basle,

compiled by

ever

Switzerland, May 9.

Compiled in large
adviser, Per Jacobsson, the
report followed the custom of paying special attention to a
prominent phase of the economic problem, and the phase
the Bank's

by

part

chosen

the

economic

of governmental

that

was

efforts to

lift

countries

out of depression conditions.

by their bootstraps

Because

current

depression started in the United States last
and assuredly has attained its greatest incidence here,

year,

the

experience of this country was set forth as a sort of
object lesson to emphasize the futility of spendthrift nation¬
It is now clear, the report declares, that the mere

alism.

stimulation

of

consumption

does not provide a

try experienced

States,

it

by

basis for

anything

expenditures
No coun¬

government

durable upswing.

a

like

setback

the

in

the

United

noted,

despite the most favorable natural
situation of this country and the absence of international
political troubles.
In no country except those in which
has

spread

was

practically the whole of economic

administrative

been so strong and widely
in the United States, the report notes. "Nowhere,

as

action

however, has reaction been

so

violent," the document

tinues.

be

infinitely

"It

direct

the

in

has

proved

trend

of

to

life

economic

country with

a

a

con¬

difficult to

more

by government action,
large home market and an

very

organized banking system, than the weight of well-studied

and

led

ments

an

many

to

attentive

of

survey

economic

develop¬

believe."

This studious report, far removed from our own political
dissensions, points out also that private activity last year
was

unable

United

the

in

of

movement

business,

States to carry

after

the

effect

on

of

activities waned.

Some highly interesting

sions

which

drawn,

are

fact

should

be

not

the forward

governmental

general conclu¬

applicable everywhere.

are

overlooked

that

the

main

of

sufficient margin of profit

a

period, the report states.

during

ments

raw

material

everywhere.

nationalism

It

expectation

a

a

comment that the steep

drop of business in the United States exercised
on

to

sufficiently long
The interdependence of modern

countries received due attention in
effect

The

incentive

recovery over wide areas of the world is still the

markets
was

and

on

further

and freedom to change

a

pronounced

economic

noted

that

develop¬
economic

monetary parities may

allow nations to walk out of step, but it was cautioned that
this does not make them free to move
independently of
each

other.

Experience rather proves,

the report states,
walking out of step is greater
development of the world and a
psychosis in which the feeling of living in depression never
that the "chief effect of this

disorder

leaves

in

the

economic

the

world, because it always is justified in one
another."
The report was submitted by the new
President, J. W. Beyen.
country

or

Foreign Trade

Franc devaluation immediately posed the problem of its
effects upon the tripartite currency agreement of Sept. 26,

1936,

followed eventually

restored in the markets, the government issued further

was

experience

the

of

immense suc¬

an

the credit of the State," this development coin¬

on

ciding with

possibly

push

was

Government, however, and it was considered
May 18 to arrest nine Bourse operators for

on

even

the

three years if

every

par

for the French
necessary

decided upon drastic measures, which were announced only
after the franc had been permitted one last sharp drop,

with

high

The flotation

it is likely to be

and

height,

armaments

an

due in 30 years, at 98,
redemption levels

such as

provisions for repayment at

the holders

at their

were

the government announced

the government controls

alarming proportions when

decided

budget

adjusted.

was

industrial

life

authorities

balanced

a

by 8%, for stimulation of tourist traffic, h>
production and expansion of credit.

taxes

crease

kets

French

of

M. Daladier issued 18 decrees providing for increases of all

The decline of the French unit in the foreign exchange mar

already had reached

direction

before the currency

the Bank for International Settlements is the annual report
of that institution, submitted to a general meeting of share¬

New Deal and the Franc

French

Premier

currency

The Belga appeared rather
out, the Belgian authorities
managed to meet the difficulty without a comparable cur¬

nally provided work for 3,200 men, but at the time of the
strike

of

by the French move.
vulnerable, but, as it turned

armaments

on

round

currency pact

prevailed, nevertheless,
devaluations might be

started

cess,

Bohn Aluminum Strike Ended

»

„

another

that

The fear

In

a

radio

address delivered

in connection with

from Washington, May 25,
"Foreign Trade Week" observance, Sec¬

retary of State Cordell Hull made it clear that he intends to
push vigirously his program for the reduction of trade
barriers through reciprocal tariff agreements.
Mr. Hull
coordinated his statement with a meeting in New York of
he National Foreign Trade Council, attended
by some 800
eaders
scene.

dent
so

in

this

highly

important

Included in his address

the

economic

statement

by Presi¬

aspect

was

a

of

Roosevelt, in which the 17 special trade agreements

far

concluded

were

praised as strengthening economic
foundation of world peace.
Much of
the declaration was devoted to a vigorous defense of the

well-being and the

!

trade treaty program against what Mr.
"ill-founded assertions" and "vicious attacks."

reciprocal
called

stoutly that the reductions

denied

to

thrown our markets wide open
with injurious results to various
American industry and agriculture.
Reductions

imposts were

effected, he added, only

tion seems

Hull remarked,

subside and even

to

particular agreement become known.

Reciprocal agreements now in force have helped to de¬
velop a growing volume of exports, the Secretary contended,
and important phases of the current business recession thus
were
mitigated.
But the drop in business activity has
occasioned a sharp decline of imports, Mr. Hull noted, and
he warned that sooner or later this must be reflected in a
exports, "since trade must necessarily be a twoprocess."
Turning to the broader aspects of his pro¬
gram,
the Secretator declared that two of the principal
forces shaping Western civilization have been the develop¬
ment of order under law, and the growth of international
commerce.
The revitalization of these influences now is an

decrease of
way

and outstanding task confronting mankind," he
"The alternative is fearful to contemplate," Mr. Hull

"urgent
said.

by all thinking people
Stable and durable peace and orderly
progress in any region cannot be established, except upon
moral principles and a sound economic foundation.
In the
long run excessive efforts toward autarchy will undermine
and break down the domestic economic structure of the
it must be faced

"but

continued,

today, everywhere.

country persisting upon such a course.
The resulting eco¬
nomic collapse will drag down with it the political struc¬
of government,

ture

structure
are

and to a disastrous extent the social
Too many nations in the world

of the nation.

direction of such an eco¬
Niagara."

today steering straight in the

nomic, political and social

Canadian

Government

much-needed word of caution for those

moved

on

May

27

toward

acquisition of complete ownership of the Bank of Canada,
illustration of the unfortunate world

Americans in high

who lately have tended more and more to
criticize certain foreign governments for the conduct of
their own internal affairs.
The cause of world peace, and
our own fundamental objective of keeping the United States
not furthered by such

at peace, are

activities, he warned.

League of Nations Council

obvious futilities of international rela¬
periodic sessions of the League of Nations
This censored and hampered debating society met

Among the
tions

now

Council.
at

Geneva

14

May

more

the

are

on

with

May

9 for its

nothing

session, which ended
accomplished save some

101st

whatever

kind words for the Chinese defense

against Japanese aggres¬

dominated the session completely from
its inception, with the British and French delegations direct¬
ing the proceedings, jointly.
The two great European Pow¬
ers demonstrated once again that they consider the League
a mere instrument of their mutual policies, and there were
a
few indications of dissatisfaction with this trend.
A
Power politics

sion.

Swiss plea was

made for freedom from any sanctions

obliga¬

League may vote hereafter, and as the session
neared its end the Council voted to grant this request.
A
the

tions

spokesman voiced dissatisfaction over the lack of
toward reorganization of the League, and an¬
nounced the resignation of his country.
Chilean

progress

delicate
insisted upon
gaining freedom for recognition of the Italian conquest of
Ethiopia, in accordance with the arrangement of the AngloItalian treaty and the understanding for French support
in this undertaking.
This aim was realized by the British
and French, but at the very considerable cost of a bitter
and
open
discussion.
Haile Selassie, the exiled former
Emperor of Ethiopia, appeared in person and presented a
long memorandum detailing the military situation in his
country, and requesting League aid. Although he was aided
valiantly by the Spanish delegation and supported
by
The main

and

proceedings of the Council session were

involved, for the British representatives

Russia

and

cumbed

Bank of Canada

The

a

official positions

after the most

Every fresh negotia¬
outburst of criticism,
but he added that the attacks tend to
disappear entirely when terms of the

of all factors involved.
to be the signal for a new

careful study
Mr.

He
of import duties made

competition,

foreign

branches of
in

Hull

the agreements had

under

7

MONTHLY EEYIEW

June, 1938]

to

a

number of other

British

and

French

countries, the Council suc¬
pressure

and decided

on

May 12 that member-States thenceforth might act as they
wished on the question of recognizing the Italian conquest.

The problem of intervention in the Spanish civil war was
controls from posed by the Foreign Minister of that country, Alvarez del
the hands of experienced central bankers.
There have been Vayo,. on May 11. But the British Foreign Secretary, Lord
numerous suggestions in Washington, during recent years,
Halifax, deftly disposed of the question by declaring that
of Federal acquisition of the Federal Reserve banks, but no
both sides are being aided by foreign governments.
In the
final deliberations a resolution was adopted which expressed
actual measures so far have been attempted.
In the case
of the new Canadian bank, according to Prime Minister
sympathy for China in her struggle against invading forces,
and offered moral support.
Mackenzie King, 100,000 shares of the institution that are
The Chinese delegate insisted
in private hands will be acquired by the government at the
that his country needed material aid and transportation
facilities, rather than pious expressions of sympathy, but no
average market price during 1938, or about $57 or $58 a
share.
Only three years have elapsed since the Bank was commitments were made by others in the open session,
established as a privately-owned institution, the initial capi¬
although some private assurances of aid were reported to
have been extended.
tal of $5,000,000 having been raised through public offering
of 100,000 shares of $50 par.
Seven directors, with one
European Power Politics
vote each, were elected by the shareholders.
One year after
the Bank was founded, legislation was enacted whereunder
European diplomatic affairs reflected a high degree of
a further $5,100,000 of capital was supplied by the Canadian
nervousness and tension throughout the month of May, and
Government, which thereupon owned 102,000 shares and
apprehension prevailed everywhere lest some untoward inci¬
The Anglo-French reaf¬
appointed six directors with two votes each, to insure ma¬ dent set off the powder barrel.
jority control over the ordinary directors.
The step toward firmation of diplomatic and military rapprochement late in
complete ownership of all shares now announced by the April modified the fears only for a few brief days.
The
Prime Minister is regarded as political in nature.
German Chancellor, Adolf Hitler, made another journey to
and thus furnished an

trend

toward removal of credit and currency

American

Warnings

Deeply perturbed by the current trend of world affairs,
and alarmed also over some internal utterances, Adminis¬
tration

spokesmen recently have made a series of declara¬
are most timely.
Whether they will be heeded

tions that
is

question.

another

The

ruthless

airplane bombings

of

civilians in China and Spain were denounced
roundly on June 3, in a State Department declaration ap¬
proved by President Roosevelt.
"This government," it was
stated, "while scrupulously adhering to the policy of non¬
intervention, reiterates this Nation's emphatic reprobation
of such methods and of such acts, which are in violation of
tfie most elementary principles of those standards of hu¬
mane conduct
which have been developed as an essential
helpless

part of civilization."
There is little reason to believe that
the militarists guilty of such conduct in China and Spain
will

heed

the

the helpless

protest.

Japanese airmen, in fact, bombed

cilivilians of Canton the very next day, causing
of life and hundreds of injuries.

immense loss

broke another lance for
peace and civilization on May 27, when he issued a state¬
ment reminding all signatories of the Kellogg-Briand pact
of their obligations under that anti-war treaty.
The state¬
ment was prefaced by a reference to the critical situation
involving countries in Central Europe, and it was generally
understood that Mr. Hull had in mind the possibility of a
German invasion of Czechoslovakia.
In this document Mr.
Hull mentioned again the obligation of the 63 signatory
countries to settle conflicts only by pacific means, and to
avoid war as an instrument of national policy.
On only a
few previous occasions, always when international affairs
were
critical, were similar warnings issued by the State
Department. Also of considerable interest was an address
delivered at Baltimore, May 24, by Under-Secretary of
State Sumner Welles.
In this speech Mr. Welles supplied
Secretary of State Cordell Hull




Italy at the start of May, and in a week of conversations
ended an May 9, Herr Hitler and Signor Mussolini
demonstrated to the world that the Rome-Berlin axis re¬
that

unshaken.

mains

In

mutual

declarations

of

everlasting

friendship, the German and Italian dictators placed great

emphasis on the block of 120,000,000 people stretching from
Baltic to the Adriatic, who comprise the fascist bloc.

the

whispering galleries reported thereafter that
agreed on German dominance down the
Danube and Italian importance in the Mediterranean.
Pre¬
mier Benito Mussolini disclosed something of the actual
nature of the conversations in a speech at Genoa, May 14,

The European
the

dictators had

He emphasized the readi¬
stand together, and left with
hearers the impression that the Rome-Berlin accord
been strengthened virtually to the point of a military

which bristled with militarism.
ness

his
has

of the fascist regimes to

alliance.
In the

light of this ever-clearer alignment of Europe into

democratic and fascist blocs, intense concern
the

problem

of

became acute.

the

German minority in

developed as

Czechoslovakia

The 3,500,000 Sudeten Germans in that small

country have been made by Herr Hitler the special concern
of his Nazi regime, and the
Czech-German Nazis have
counted heavily upon that circumstance.
leader

of the

Konrad Henlein,

Sudeten Germans, made formal demands on

Government for virtual autonomy of his follow¬
The threat of intervention by the
Berlin Government became acute when the Prague authori¬
ties calmly denied such demands.
Great Britain and France
made friendly representations at Prague and Berlin, in the
effort to assure peaceful settlement of the question.
A
the Prague
ers

in their districts.

highly

surprising sequel was the sudden appearance in
13, of the Sudeten leader, Konrad Henlein,

London, on May
who

stay.

conferred

with many British leaders during a brief

The apprehensions increased steadily, as a compaign

8

MONTHLY BEVIEW

proceeded for

communal

elections

in

Czechoslovakia, with

the first balloting scheduled for

May 22.
Fearing that the
troops into the country, the Czech
Government posted 400,000 to 500,000
troops on the border,
which happens to be the Sudeten area.
Two Sudeten Ger¬
Germans

mans

might

were

send

shot

and

killed

May 21 by

on

when they disregarded an order to halt.
in Europe that Germany was

Czech guard

a

Iiumors circulated

sending troops to the Czech
border, and the apprehensions thus were raised to a fever
pitch. <. '
•

The

actual diplomatic events
surrounding
in late May have not been disclosed.
There

this situation
was,

slow

however,

subsidence of the anxiety, largely because the Ger¬
Government denied concentrating troops on the Czech
border, and because the Czech communal elections passed

a

man

off

without

trouble.

A

warning by Secretary of State
requirements of the Kellogg-Briand anti¬
war
pact, with special reference to Central Europe, was
accepted, however, as indicative of the profound apprehen¬

Cordell

sions

Hull

in

quoted

of

best informed quarters.

French official

a

Paris reports

spokesman

of May 21

saying that

as

a

Ger-

invasion of Czechoslovakia would
automatically set off
war.
The Russian Government
already was on record as
promising aid to Czechoslovakia, in the event France also
men

to

came

the

meeting

was

help of that country.
held

In London

Cabinet

a

Sunday, May 22, which in itself illus¬

on

trated the grave view taken
cellor Hitler was

by the British leaders.

Chan¬

*1

Tientsin-Pukow

and

railways.
The invaders claimed to
have large masses of defense
troops entrapped, but it soon
appeared that the Chinese had withdrawn from the city of
Suchow
beforehand, in accordance with

comprehensive
The defenders moved westward to set up new defense
lines, and to entice the invaders ever deeper into the in¬
terior, where communication lines become steadily more
difficult for the Japanese to maintain.
Toward the end of
May the Chinese in turn claimed they had an important
Japanese force trapped, but strenuous rescue endeavors by
plans.

invaders

the

proved effective in relieving this body of
As the Japanese moved westward, they found the
countryside devastated by the "scorched earth" policy of

troops.

the

Chinese.
than

more

Casualties of the

,

1,090,000,

far heavier than

and

war

although

those of

now

are

estimated at

the Chinese

losses

are

their

enemies, the Japanese are
far less able to withstand the huge losses.
Guerrilla war¬
fare is being waged by the Chinese ever more
intensively
and

effectively behind the Japanese lines, and it is known
"occupation" is mainly of the principal lines of com¬

that the

munication,

with

Chinese

the

populace hostile and

bitter.

The

Japanese continued their airplane bombings of Canton,
Hankow and other important Chinese
cities, and the bitterincreased.

ness

With

;•

fall

the

*

Suchow, the. Japanese faced new and
important military decisions, which are illustrative of the
war.
The problem was then whether a still
deeper

entire

reported in conference with his staff offi¬
cers, and the German press rang with denunciations of the

invasion

of

that the

answer

Prague regime.

predicament

faced

the

of

Premier

Mussolini

was

reported to

have

cautioned the Berlin end of the famous axis not
to provoke
war.
The decision, wherever and under whatever circum¬
stances it was
reached, plainly was in favor of peace, for
the time being at least.
But Czech apprehensions were not

dispelled.

The Prague authorities called

additional class

an

to the colors and

arranged also for military service for all
Czech citizens of ages 6 to 60.
Spanish Civil War

Little

progress

gents in
all

at

the

times

made

was

Spanish
that

war

the

by either loyalists or insur¬
during May, but it was evident

forces

of

General Francisco

Franco

retained

superiority in war materials and the mechanized
equipment which now is so important in large-scale

military
Heavy rains hampered the opposing armies for
of the month.
When operations were possible, insur¬

operations.
much

gent forces hammered away at the southern salient stretch¬
ing from Teruel to the Mediterranean, with the obvious
aim

of

eventual attack

an

Valencia

on

and

Valencia and other loyalist cities

were reported from time
the loyalists confined their airplane attacks
to the fascist naval base at Palma.
It became clear as
the month progressed that the war
may continue for months

time,

to

but

this

and

come,

treaty, which is to
teers"

ister

put a
come

withdrawn.

are

new light on the Anglo-Italian
into force only after Italian "volun¬
The belief prevails that Prime Min¬

Neville

Chamberlain looked for an early
insurgent
victory when the Anglo-Italian treaty was initialed.
Since
the victory still appears
indefinite, and distant in any event,
the so-called Non-intervention Committee
of London again
grappled with' the problem of foreign aid to either side in
Spain.
Beyond agreeing on the principle of the British

plan
was

for

modest

withdrawals

of

foreign

forces,

nothing

accomplished by the group.
Japan and China

to

follow, and it quickly appeared

in the affirmative.

from

the

start

by

Chinese

Japanese hegemony.
And the Japanese
being strained ever more decidedly.
The
problem faced by Japan in these circumstances occasioned
a
reshuffling of the Tokio Cabinet, on May 26.
(Prince
are

Fumimaro Konoye held his post of
Premier, -but General
Kazushige Ugaki replaced Mr. Hirota as Foreign Minister,
-

while

the

prominent financier

Finance post from Okinobu
press

correspondents that

attract

the

support of

extension of the wTar

thereafter

were

Seihin

Kaya.

It

elements

of

deeper into China.

last

Mexican

in

that

lost

A fresh mechanized army was dispatched to
by the Japanese in the effort to retrieve their

"face"

northern

stages

administered the overconfident invad¬

April.

area

of

and

and

to

effect the

central

the

long-delayed junction of the

Chinese

conflict.

territories

Large

Chinese

seized

armies

in

earlier

tried

suc¬

cessfully for

some time to frustrate the Japanese aim, but
in the end the invaders attained their
objective.
The cost
was

great

on both sides, but this is of even
greater concern
Japanese than to the Chinese, for the latter wish
to gain time in the belief that the
longer the war lasts the
more
nearly will their opponents come to economic and
military exhaustion.
There are, indeed, some signs that

to the

the Chinese

strategy

work out.

Foreign Minister Koki
Hirota called on the Japanese people on
May 7 to prepare
for "possible extreme personal financial
sacrifices," and
he added

may

soberly that "no optimistic view of the future is

warranted."

Strong

Japanese contingents,

itself and from

drawn

both

from

Japan

Manchukuo, managed after months of delay
and repeated efforts to sever the Lunghai line in China
running from east to west. This was done May 19, through
the capture of the junction city of
Suchow, on the Lunghia




designed to

population for

The invading forces

Expropriation

by the

Mexican

expropriation

of

foreign-owned

oil

that

properties
There is

in

country, valued at about $450,000,000.
no
disputing the right of Mexico to take such action, but inter¬
national usage indicates that "effective
payment" must be
made, which means prompt cash remuneration.
It remains

clear, however, that Mexico cannot possibly make such
pay¬
ment to the American and British
companies whose proper¬
ties were stripped
away under the pretext of a dispute
between the companies and Mexican workers
in the oil
fields.
Mexico has been in default on external
obligations

for 25 years, and lack of
ability or willingness to pay on
the previous large debts provides a
sufficient indication of

prospects

on the new obligations
necessarily arising from
expropriation of oil properties.
The problem was aggravated in
May through a sharp ex¬
change of notes between the British and Mexican Govern¬

the

ments, which

resulted in a severance of
relations, at the
instance of the Mexican Government.
The break resulted
because Great Britain
attempted to defend the interests of

nationals, and thus precipitated a rather high-handed
by Mexico, which obviously relied upon the United
States policy of the Good
Neighbor and the complete free¬

stand

countries

ers

the

Little discernible progress was made in
May toward ad¬
justment of the international difficulties occasioned

sounding defeat

war

and

was

were

the

over

by Tokio

Japan.

developments throw into high relief
defects of the Good
Neighbor

Government

took

stated

augmented by large fresh contingents from

which they forced upon the
people beginning last July 7.
Fighting in the early part of May was most intense in the
southern Shantung area near
Taierhchwang, where a re¬

Chinese

Ikeda
was

these changes

all

dom of Latin American
The

States from European intervention.
some

of the obvious

policy, which Latin American

too prone to regard as for their
benefit only.
In a British note of
May 11 attention was called to a
Mexican failure to
discharge obligations arising from claims
are

long since adjudicated, and it was noted also that Mexico
long has been in default on her debts.
Mexico City was
reminded, further, that British landowners had received no
effective compensation for
expropriated lands, and the pro¬
priety of the recent Mexican expropriation of oil lands was
questioned, on this ground.
The
Mexican
Government
promptly countered by tendering a check for 361,737
of

pesos

deferred

relations.

claims
The

payments, and by severing diplomatic
Government was reminded tartly

British

that it lacks

any right to criticize the internal affairs of
an obvious reference to the British default on
debt payments was introduced in a comment that "even
most powerful States and those that
have abundant

Mexico, and
war

the

resources

cannot boast that they are
up to date in the
payment of all their pecuniary obligations."
Late in May
it was reported that some
plans for adjusting the payment
problem had been put forward at Washington by the Mexi¬
can

regime, but

regime

was

San Luis

no

details

threatened for

were
a

disclosed.

The Cardenas

time by revolt in the State of

Potosi, but the disorders

were

i
'

1

This reflects the

the

her

Japanese invaders of China redoubled their efforts
month, in the undeclared

was

was

the

cutting of
supplies to Madrid.
Small gains were made by the fascist
groups, especially toward the end of May.
Far to the
north, near the French border, loyalist troops took the
offensive, but their attacks were repulsed rather easily by
the insurgents.
Heavy airplane bombing of civilians in
to

China

invaders, who
plainly hoped last year for a quick victory over a divided
people and the consolidation of their gains through forma¬
tion of puppet regimes which could
eventually be integrated
with Manchukuo.
Actually, the attack united the Chinese
people, and there is ever less likelihood of acceptance by
resources

I
!

of

not

serious.

!

MONTHLY

Junk, 1938]

of

Election

Colombian

May X, citizens of Co¬
lombia elected Dr. Eduardo Santos to the presidency of that
In

election,

quiet national

a

country,

be¬
Dr. Santos will succeed Dr. Alfonso Lopez,

ginning Aug. 7.
whose regime was marked by

this

metal, after dropping to 34.80c. on May 3, closed
May 31 at 36.75c., as compared with 36.60c. on April 29.

on

on

which he is to occupy for four years

post

a

a

continuance of the com¬

Lumber Movement

The lumber industry during the week
stood
and

at

53%

55% of

plete default on external obligations of his country during
a period
when payments in full or in part readily could
have been made.
The newly-elected President of Colombia
is the leader of the liberal party there, and he was unop¬

the

posed, as the conservative and communist parties failed to
nominate an opposition candidate.
In the absence of oppo¬

1929.

All

1938,

were

Presi¬

week

of

sition, policies to be followed by the newly-elected
dent received little discussion, and little is known

of the
attitude likely to be assumed toward the highly important
problem of external debts.
The change could not possibly
be for the worse, however, as Dr. Lopez made no faintest
effort toward redeeming the pledges made on $148,000,000
of Colombian dollar bonds currently outstanding.
There is
some reason to believe that personal idiosyncrasies contrib¬
uted to the callous disregard by President Lopez of Co¬
lombia's financial honor, for the country's favorable trade
balances and increasing gold reserves are sufficient evidence
of ability to pay.
Together with the mantle of office the
opportunity soon will be conferred upon Dr. Santos to
redeem the sadly besmirched good name of his count 17 for
fair dealing and financial integrity.
The opportunity will
be the greater because there is no country in the world
which has sunk lower in international financial esteem

than

average

and

shipments

no

reversal

of

steel

in

of

ingot

but they exceeded slightly several of April
All items during the May 28 week were

May,

weekly records.

appreciably
of 1937.

National
fewer mills
the

lower

and two months

the
of

pig

or

iron

of 1934.

To

some

production

extent the low rate for

May 31 week was caused by the fact that a number
mills remained idle on Memorial Day, although it is

not

regular

a

;

week

corresponding

the

(

production reported for the 1938 week by 7%
was 5% below the output
(revised figure) of
shipments were 11%, and new orders
corresponding figures for the week ended

preceding week;

7% below the
May 21, 1938.
In

shipments

reported by 428 softwood mills were, respec¬

as

37%

40%,

tively,

28, 1938, production,

ended May

the week

and orders

26%

and

below

similar

in the

items

of last year.
During the week ended May 28, 1938, a total of 519 mills

corresponding week

produced 177,701,000 feet of hardwoods and softwoods com¬
bined; shipped 178,038,000 feet, and booked orders for 171,057,000 feet.
Revised figures (number of feet) for the
preceding weeks follow:
Orders

Received

Shipments

Production

Mills

May 21

560

than that, the report being general that incoming
orders during the last half of May were definitely below
those of the first half.
As a whole, May orders and ship¬

184,553,000

199,322,000

186,111,000

May

14

563

192,050,000

181,489,000

184,133,000

May

7

565

180,970,000

183,479,000

Apr.

30

531

171,730,000

202,387,000

190,825,000
187,249,000

All

regions but West Coast and Southern Hardwood re¬

ported orders below production in the week ended May 28,
1938.
All but West Coast, California Redwood and South¬
Hardwood reported shipments below

ern

All regions

output.

reported orders and shipments below similar items in the

All softwood regions reported

corresponding week of 1937.

production below the same week last year.
Hidest Leather and Footwear

However, the reduction goes

mill holiday.

during

than

.

No. of

Steelmakers and pig iron

May.

of

corresponding week

of'the

reported for the week ended May 28,
lower than during the previous week or in any
as

downward

the

during the
producers gen¬
erally reaffirmed prices for the third quarter.
Steel scrap
and major non-ferrous metal prices were lower.
The "Iron
Age," in its issue of June 2, stated in part:
"Although
steel output was on a lower basis during the greater part
of the depression year of 1932, it was at a lesser rate than
during the week ended May 31 in only four months of 1933
trend

month

52%

about

items

Week Ended—

showed

trade

steel

from

Association

Manufacturers

Lumber

regional associations covering the operations of important
hardwood and softwood mills.
Production was about 53%

Steel Trade—Non'Ferrous Metals

The

ended May 28, 1938,
1929 weekly average of production
1929 shipments, according to reports to

the

of

National

four

Colombia, under President Lopez.

9

REVIEW

deeper

The First National Bank of

Boston, in its "New England

Letter," under date of May 31, discusses these markets as
follows:

In the Pittsburgh dis¬
trict the decline ranged from 10% to 20% below April."
On June 6 "Steel" of Cleveland, stated:
"Slight increase in

anticipated until fall production is started about a month
from now.
Leather prices are barely firm, but hides have

activity by railroads is evident, freight cars bought during

held steady.

ments did not

equal those of April.

May totaling 6,014 units, the largest month's business since

"Shoe

year."
The "Iron Age" composite steel scrap
prices declined during the month as follows:
On May 3 to
$11.75 a gross ton from $11.92; on May 17 to $11.42, and
on
May 24 to $11.25; a further reduction to $11.17 was
announced on June 1, the lowest price since July, 1935, and
only 84c. above the 1935 minimum.
The "Iron Age" com¬
posite price of finished steel on May 24 dropped to 2.487c. a
pound, as compared with the 2.512c. quotation (revised
figure) which had been in effect since March 9, 1937. The
"Iron Age" composite price of pig iron remained at $23.25 a

through

April

last

gross ton,

The

unchanged from a year ago.

operating

rate

steel companies

of

having approxi¬

mately 98% of the steel capacity of the industry, according
to the American Iron and Steel Institute, was scheduled
at

29.0%

of

May 23

the week beginning

capacity for

as

,against 30.7% for the preceding seven-day period, 30.4%
for the week beginning May 9, 30.7% for the week begin¬
ning May 2, and 32.0% for the week beginning April 25.

industry is between seasons and little activity

"The shoe
is

totaled

April

and

spring

on

footwear

output is

Manufacturers shifted to white shoes early

demand has declined appreciably and June
will probably be confined largely to re-orders.

May

but

business

While

active

estimated to have
approximately 32,000,000 pairs, a normal production
of

for the month.
in

continued

factories

most

prices have

been cut 5% by manufacturers, no im¬

portant changes in retail quotations have been announced.
"Sole leather tanners are operating at 75% of capacity.
The slightly advanced

prices paid in mid-April when a buy¬

spurt made sizable reductions in tanners' inventories
of finished leather, are still being asked, but the market has
ing

weakened

been

by the

"Hides

on

have

in

sold

futures market,

The

Upper leather

slow fall business.

prices have been more stable.
on

•

moderate volume

at

steady prices.

the other hand, has moved lower

seasonal
supplies have

increased volume of trading and a more than

an

decline

in

Buenos

Aires,

where

moderate

Steel operations for the week beginning May 31 was sched¬

accumulated, has further unsettled the trade.
'^Cattle slaughterings and imports of hides have run below

uled at 26.1% of capacity

last year

Jan.

of

week

As

3,

(the lowest rate since the week
1938), and compares with 77.4% for the same

of last year.
to non-ferrous

metals, "Metal and Mineral Markets"

during the month under review reported in substance as
follows:
Domestic copper broke from 10c. to 9c., Valley,
on

are

and stocks of all hides and leather in this country

9% under the average level of the past 10 years.

tained improvement

is in prospect until the outlook for the

coming shoe season has been clarified."

May 19, as prices abroad dropped steadily to lower levels.
the domestic market was quiet, with sales of

Grains

-

-

Business in

totaling 4,514 tons during the week ended June 1 as
compared with 3,354 tons in the preceding week, 4,153 tons
in the week ended May 18, 4,526 tons in the week ended
May 11, and 5,720 tons in the week ended May 4.
Lack
of buying by consumers brought about another reduction
in the price of lead of 14c. on May 27, establishing the

Confronted

copper

quotation at 4c., New York, and 3.85c., St. Louis.
Sales
of lead during the week ended June 1 amounted to 3,429
tons against 1,893 tons in the previous week, 2,165 tons in
week

the

ended

May >18,

2,690 tons in

the

week

ended

and 2,083 tons in the week ended May 4.
The
reduction on May 10 in the price of Prime Western zinc
May

to

11,

the

basis

of

4.39c.,

New

York,

and

4.00c.,

St.

Louis,

American crop
in

prospects

Firmness

during

years.




were

in lower

of

part

the

month

On May 10 the Crop Reporting Board of the Bureau

bushels,

or

the second largest production

on

record.

The

department added, however, that weather conditions within
the next 30 days might change the picture.
On April 1 a
harvest

of

725,707,000

bushels

crop

of the month

early

Agricultural Economics reported that conditions of May 1
indicated a winter wheat crop this season of 754,153,000

•of zinc during the remainder

generally quiet, the quotation

the

of

the crop

was

a

quickly developed into an almost uninterrupted downward
movement, with prices reaching the lowest levels in several

livery during the week ended May 18.
Reflecting the quiet
situation in other metals, sales of common grades
Business in tin

of

domestic markets scored sharp declines during the past

month.

authorities later predicted

volume.

•;

record-breaking North
being harvested this season, prices for wheat

with

brought out a fair inquiry for this metal for forward de¬
market

This

fairly strong statistical position should check any tendency
for raw stock prices to move much lower, although no sus¬

bushels.

was

forecasted.

Private

that there were possibilities of

this season reaching a total of around 810,000,000
Ample moisture fell in most of the winter wheat

areas

and to some extent offset the subsoil moisture

deficit over a large part

of the Southwest.

Temperatures

10

MONTHLY

have not been high.

In fact, many complaints were received

that the weather has

However,

been too cool and moisture excessive.

little apprehension

has

it

is

seldom

that

serious

more

a

growing

crop

placed at 22,000,000
last

Somewhat

year.

pected

combined

better than

season's

this

on

winter

and

without

passes

spring

compared

acres

the

over

This is unusual because

season

The

scares.

manifest

been

winter wheat crop outlook to date.

with

or

is

21,119,000
yields

average

Should

acreage.

one

acreage

wheat

acres

are

ex¬

billion-bushel

a

spring

carryover

wheat crop materialize, the
of 200,000,000 bushels, would be

about 1,200,000,000 bushels.

Deducting home requirements

supply, including
of say

700,000,000 bushels and

an additional 100,000,000 for
stocks, the United States would still have
an exportable surplus of
400,000,000 bushels.
It has been
intimated by the Agricultural Adjustment Administration

normal working

that the loans

on wheat will be made at levels which will
be low enough to permit free movement of
part of the sur¬

plus into world markets,

and

loan

per

value of

about

60c.

the expectations

bushel

that

are

a

the farms will be

on

set.

(Prospects for Canada's wheat crop are also said to
best since 1932, with normal growing conditions
now
on
likely to result in an outturn of around
400,000,000 bushels.
In the Southern Hemisphere, drought
be

the

from

has already
moisture

conditions

have

prevailed

in

the

Argentine and

attempt to make up for last year's poor crop.
Crop con¬
ditions in Europe have been generally somewhat less favor¬

able, and it is believed that in the coming season Europe
will need to import more wheat than in the season now
drawing toward a close.
Corn, oats and rye also declined
sympathy

with

wheat.

comparatively steady.

Corn

and

oats,

however,

The outlook for exports of

were

corn

in

the next few months is considered by many to be
good, and
are selling corn as fast as
exporters will take it.

farmers

In Chicago the July option for wheat closed
70c.

against

as

May 31 at

on

opening price of 78%c. on May 2 (May 1
was a Sunday).
At Winnipeg the July wheat option closed
on
May 31 at 92 %c. as against an opening of 109*4c. on
an

May 3 (May 2
ing of 59*/£c.

a holiday in Winnipeg).
July corn in
May 31 at 55 %c. compared with an open¬
May 2.
July oats closed at 25^c. as com¬

was

Chicago closed
pared with

tion (Committee on

on

on

opening of 27 %c.

an

May 2.

on

July

closed

rye

at 50%c. as compared with an opening of 57 %c.

May 31 would order a further reduction
shipment quota for the third and fourth quarters to

of the

equalize the present unfavorable balance between current
shipments and consumption. Later in the month a gradual
recession developed chiefly as a result of the weaker trend
in the security and

other commodity markets, and in part

due to the outbreak of new labor troubles in the Akron area.

unfavorable

The

United

States

statistics for

consumption

April, placing crude rubber consumption at only 27,984 tons
against 30,487 tons in March, 1938, and 51,859 tons in April,

1937,

also

had

depressing

a

R. C. announced

I. R.

influence.

reduction in

a

May

On

31

the

the export quota for

the third quarter to 45%.
Following this news a sharp
rally developed which, however, was not fully maintained,
as consumers
failed to abandon their waiting attitude.
Ribbed smoked sheets for spot delivery were quoted at
ll*4c. asked May 31 against 10*4c. asked April 30; 10%c.
asked March 30; 14%c. asked Feb. 28; 14%c. asked Jan. 31;

Dec. 31; 15%c. asked Nov. 30; 15 ll/16c.
(Oct. 31 was Sunday); 17%c. Sept. 30; 18*4c. asked
Aug. 31, the same as on July 31; 19%c. asked June 30;
20yjc. asked May 29; 21 3/16c. asked April 30; 26%c. asked
March 31; 22c. asked Feb. 27, and 21%c. asked Jan. 30.
14%c.

asked

Oct. 30

Textiles

affected plantings in Australia, but favorable

have inspired growers there to plant a large acreage in an

in

KEVIEW

Continued

dulness

prevailed

the textile trades,

in

with

the unfavorable employment situation, reduced

generally

adverse

retarding

factors.

showing

factory

weather conditions
Retail trade again
unseasonally

as

fered with the flow of

payrolls and
forming the chief
made

unsatis¬

an

cool

temperatures inter¬
apparel lines in distributive

summer

channels.

Slackening industrial operations, the further de¬

flation

security

in

values,

and

scattered recurrence

a

labor troubles all combined to exert
consumer

buying.

Wholesale

dampening effect

a

trade

again

reflected

of
on

the

slow movement of goods at retail, and jobbers on their part

displayed little

wihlngness

to

add

although their inventory position
have

their

to

was

commitments,

generally believed to

undergone

a further improvement.
Prices on some
declined moderately, and it was hoped that
these downward adjustments would result in an early revival

staple lines
of buying.

While some large retail establishments proceeded
substantially to their purchases of new merchandise,
merchants generally continued to observe a waiting atti¬

to add

tude.

Raw cotton in

May held quite steady during the first

May 2.

half of the month, but later developed a reactionary
trend,
with prices reaching new lows for the movement.
The early

The general trend of prices in the sugar "futures" market
was downward during the past month.
Increasing evidence

was predicated on the theory that
slightly above the minimum loan
rates on the new crop which may have to be established
under the new farm law, as well as on the general belief

on

Sugar

that

the

culture

quota

for

of

this

supplies set

by the

is excessive

year

in

Secretary of

relation

to

Agri¬

probable

requirements was again largely responsible for the lack of
aggressive support.
Producing interests were free sellers
owing to reports that

consuming centers
dictions.
of

raw

Producers

sugar and

for refined

was

the demand

was

far below

competed

for

refined

with

sugar

from

the pessimistic pre¬

even

each

other

to

dispose

hedge unsold supplies.

attributed to

general retrenchment

even

The slow demand
poor economic conditions and

by housewives, and to the fact

that all branches of the sugar industry refuse to
carry any
sizeable inventories in view of the
declining price trend.

The tangible steps taken by the International

Sugar Coun¬

cil, meeting in London in the latter part of April, to improve
the world statistical position by
reducing the quotas 5% was
not

enough

part

of

Cuban

to

encourage

the world

raw

any

bullish

trade.

sugar

enthusiasm

There

were

no

on

sales

the
of

during the past month.
The wholesale
list price for refined, immediate
delivery, was quoted by
all refiners throughout the month at 4.65c.
sugars

coffee

market

for

"futures"

ruled

comparatively
steady during the month.
Many were of the opinion that
the bad news known probably had
already been largely
discounted.

Hence pressure to sell was

more or

less limited.

Roasters

were
moderate buyers, and advices from Brazil
reported that the coffee producing States had agreed on a
30% sacrifice quota for the 1938-39 crop.
However, avail¬

able

supplies

check

are

still

more

than

adequate

and

serve

to

aggressive buying, speculative or otherwise.
was quoted
on May 31 at 6*4@6%c., the
same
as
on
April 30, against 6*4c. March 31; 8*4 @9c.
Feb. 28; 7*4@7%c. Jan.
31, the same as on Dec. 31; 7*4 @
7%c. Nov. 30; 10*4@10*4c. Oct. 30 (Oct. 31 was a Sunday),
No.

any

7

Santos

the

same as Sept.
30; 10*4c. Aug. 31; 10y2@10%c. July 31;
10%c. June 30, the same as on May 29 (May 30 fell on a
Sunday and May 31 was a holiday); 10%@10*4c. April 30;
10%c. March 31; liy8c. Feb. 27, and 10*/2@10%c. Jan. 30.

No. 7 Rio was quoted on
May 31 at 4%c. against 4%c.
April 30; 5%c. March 31; 5%c. Feb. 28, the same as Jan. 31,
against 6*4c. Dec. 31, the same as on Nov. 30; 9c. Oct. 30
(Oct. 31 was a Sunday); 9*4c. Sept. 30, the same as on
Aug. 31; 9%c. July 31, the same as on June 30; 9%c.
May 29; 9%c. April 30; 9ysc. March 31; 9%c. Feb. 27, and
9*4 c. Jan. 30.
Rubber

a

narrow

range.

Early

firmness

was

caused

by

scattered buying on the part of tire factories and
predic¬
tions that the meeting of the International Rubber
Regula¬




basic

but

are

unfavorable

factors

have

been thoroughly dis¬
Unfavorable weather ad¬

by present price levels.

vices from Texas to the effect that rains and low
tempera¬
tures are interfering with seeding and

plant growth, and

early

low

very

private

estimates

also helped to
steady undertone to the market.
During the
second half of May, and particularly in the
closing Vveek
of the month, prices declined
sharply as growing attention
was given to the depressed state of the
spinning industry
both here and abroad, the increasingly unfavorable statis¬
tical position of the staple and the further severe reaction
in the prices of securities and other commodities.
Improved

impart

acreage

a

weather conditions

belt

prevailing over the greater part of the
depressed sentiment, as did the narrowing price
between American and foreign growths and the

also

margin

increasing uncertainty surrounding the loan situation as
pertaining to the new crop. Spot cotton here in New York
was
8.67c. May 2.
After minor fluctuations a high of
reached

was

on

May

13,

but

a

subsequent

decline

carried the quotation to a low of 7.71c. May 31.
Trading
in the gray cloths markets
early in the month experienced
a short
revival, largely due to covering

purchases against
anticipated sales to government relief agencies.
Later the
market relapsed into its previous desultory
fashion, as con¬
verters withdrew
of

the

general

from

trade

the market pending

outlook.

in view

part

of the

continued

of the mills.

64x60's

was considered

drastic

Print

a

clarification

Notwithstanding

demand, the statistical position

the

slow

unimpaired

curtailment policy on the
Fall River for 28-inch

cloths at

marked down May 14 from 3%c. to 3%c.
On
further decline carried the quotation to 3%c., at
which it stood May 31.
The price of 27-inch cloth, 60x64's,
fell from 3%c. April 30 to 3*4c.
was

May 27

a

May 31, while Osnaburgs

further receded from 6%c. to 6*^c.
April 30 to 6*4c. May 31.
The report of the Census Bureau, issued
May 14 and cover¬
ing the month of April, showed a further severe decline
in the United States
consumption of the staple. The amount
consumed

in April was given as
414,392 bales of lint and
57,852 bales of linters, compared with 510,941 bales of lint
and 60,443 bales of linters in
March, 1938, and 718,975 bales
of lint and

73,715 bales of linters during April, 1937.
j?oods market continued quiet, as clothing
manufacturers, in view of the slow movement of goods in
retail channels, adhered to their
waiting attitude.
While
The

woolen

continued

Crude rubber through the larger
part of the month moved
within

that

prices

counted

8.76c.

Coffee

The

steadiness of the market

current

materials,
towards
more

scattered

staple

the

end

of

willingness to

in women's

wear

interest

fabrics
the

cover

in
lightweight
neglected,
although
cutters displayed slightly

was

shown

remained

month

their fall requirements.

Business

goods, while still under the influence of

indications of,an
manufacturers placing sub¬
new fall collections.
:
Japanese double extra 13-15 deniers were quoted May 31
at $1.56@$1.61 against $1.«2@$1.67 April 30; $1.55@$1.60
March 31; $1.65@$1.70 Feb. 28; $1.65@$1.70 Jan. 31; $1.50@
$1.55 Dec. 31; $1.55@$1.60 Nov. 30; $1.71@$1.76 Oct. 30
(Oct. 31 was a Sunday); $1.86@$1.91 Sept. 30; $1.85@$1.90
Aug. 31; $1.82@$1.87 July 31; $1.89@$1.94 June 30; $1.77@
$1.82 May 29; $1.77@$1.82 April 30; $1.97@$2.02 March 31;
$1.80@$1.94 Feb. 27, and $2.00@$2.05 Jan. 30.
In the case of the 20-22 deniers Japanese crack double
extra were quoted at $1.48@$1.53 May 31 against $1.57@
$1.62
April
30;
$1.48@$1.53 March 31; $1.59@$1.64
Feb. 28; $1.48@$1.53 Jan. 31, the same as on Dec. 31,
against $1.49@$1.54 Nov. 30; $1.59@$1.64 Oct. 30 (Oct. 31
was a Sunday); $1.62@$1.67 Sept. 30; $1.79@$1.84 Aug. 31;
$1.78@$1.83 July 31; $1.85@$1.90 June 30; $1.73@$1.78
between-season factors, nevertheless gave

with

revival,

garment
stantial initial orders on the
early

May 29.

to

.

the maintenance

petroleum, the country's leading oil-producing
States initiated concerted action during May to bring about
of

duction

and

immediate

curtailment

sharp

in

production through

paring of their respective State allowable quotas.
As
month ended the statistical position of the industry

the

had
strengthened to the point where fears of any widespread

price decline had largely abated.
In the field of foreign news the most startling

develop¬

the month was the severance of diplomatic
relations between Mexico and Great Britain by the Cardenas

ment

during

because

Administration

"arrogant note"

of several

diplomatic protests against the seizure of BritishMexico under the February expro¬

the

of

the

of

owned oil properties in

priation decree sent from London to Mexico City.
A short¬
lived agrarian revolt under General Cedillo late in the
month proved to

be

Mines

in its monthly market forecasts.
Stressing the point that the four week-end shutdowns dur¬
ing June mean a reduction of 11,914,608 barrels from the

month's allowable production, or, in effect, a daily cut of
397,154 barrels below the allowable before the shutins are

figured, E. O. Thompson,

anti-climax in the rather turbulent
government forces quickly dispersed

an

the Commission and

member of

Chairman of the Interstate Oil Compact
in

the

month

of

Governors

wired

Commission, late

major oil-producing

all

States to cooperate with Texas.

The wires asked for "pro¬
States.
Telegrams sent
to the Governors of Oklahoma, Kansas, New Mexico, Louisi¬
ana, Arkansas, Colorado and California said in part:
"If
this cooperation is properly given, we will be able to con¬
tinue production throughout the winter when employment
portionate restraint"

of

labor

is

imperative."
Commission,

allowable
the

•

field

viewed
weak

by

any

oil

he

disclosed, also has set a

fields, to stop unnecessary drilling
wells under this order does not
increased allowable.
This action was
generally as strengthening the major

all

on

drilling of

the

get

by other oil

Railroad

The

and

of a

price structure in the continued overpro¬

oil

crude

stable

threat

serious

a

decline of 21,859 barrels daily from the May quota of
1,181,372, and is 169,587 barrels under the June demand
for Texas oil as estimated by the United States Bureau of
a

top

Petroleum and Its Products

with

Faced

11

MONTHLY REVIEW

June, 1938]

men

new

setup because in the
wells constantly going
into production that the new production has enlarged the
quota to above-market levels.
The telegrams also declared
that "the cooperation on the shutdown was gratifying and
effective, and I trust we may continue throughout June
in this effort to protect the little man in this business and
prevent actual physical waste."

proration

the Texas

in

spot

past there have been

many

so

The full effects of the

Saturday-Sunday shutdown were

in the final two weeks

shown

new

of May in the daily average

During the May 21 week

production of crude oil figures.

production showed the sharpest decline for any one week
since December,

1932, sliding off 186,550 barrels to a daily

of 3,175,750 barrels, which was 142,350 barrels less
the Bureau of Mines market demand estimate for

average

than

overproduction was brought to a head in
mid-month when several cracks appeared in the Nation's

In the following week production slumped 77,100
to a daily average of 3,098,650 barrels, which was
approximately 220,000 barrels less than the Bureau of
Mines forecast.
The May 28 period showed a decline of
more
than 625,000 barrels as compared with
the record

Crude oil price reductions were

nigh production figure set last August, and is approximately

Mexican

picture

as

the rebels and forced General Cedillo into

Anxiety

crude oil

hiding.

over

price structure.

posted in Kansas, northern Oklahoma, Wyoming and one
California field.
On May 10 the Ohio Oil Co. lowered the
price

heavy

Wyoming

crude

oil 12c.

small independent refiner buying about 5,000

a

barrels

daily, dropped its purchasing price for Kansas and northern
Oklahoma crude oil 25c. a barrel to a top of $1.05 for 40-

Also

gravity and above.
from

23c.

to

May 11 came a reduction of
in prices of Santa Maria grade

on

barrel

a

posted by the Union Oil Co.
Wyoming and Santa Maria cuts had little
themselves on the crude oil markets, the three

crude oil,

the

While
in

effect

26c.

reductions, coming at the same time with the

Kanotex cut

market, was viewed with wide¬

hitting the mid-continent

barrels

175,000

spread alarm and immediate action was undertaken to cor¬
the overproduction before further weakness developed

Criticism of the action taken
Boggs, President of Kanotex, was voiced by
Roeser, President of the Independent Petroleum

C.

by

M.

Charles F.

structure.

Association of America.

•

the

all extremely sympathetic with

refiners," he wired, "we deeply
felt it necessary to take this step and do

present plight of the

regret that you

not believe that it is the

soluion of your problem.

During

the best two years the refiners have
enjoyed were the two years of highest prices for crude oil.
Since 1930 we have had eight years during which the price
of crude was lower than the previous years.
In seven of

the

10 years,

past

these years
ous

the refiners' margin was also below the previ¬

Reduction in the price of crude, which in many
is below the cost of production, emphasizes and en¬

year.

cases

depressed situation and must affect a
great portion of the United States, which, in turn, will
react on the petroleum industry.
In the interest of all the

larges

already

an

people, I sincerely trust that this is only a local situation
and will not spread."
The price cuts were

road

State operate only five days a week

ducing wells in the
instead

early
later

only a day old when the Texas Rail¬

Commission, acting with speed, ordered that all pro¬

in
in

of

the

1938.
the

six-day

The

month

week

which

has

Saturday-Sunday

were

since

which

extended to the month of June

also, met opposition from some oil men in
already had fought

prevailed

shutdowns,

the State who

the Sunday shutdown and offered in¬

against the additional day Shutdown. In
Oklahoma, Governor Marland acted to bring about a quota
of only 405,000 barrels daily, off 55,000 barrels from the
original May allowable, and other oil States joined in the
creased protests

output.
Meeting in Austin, on May 23, the Texas Railroad Com¬
mission ordered continuation of the Saturday-Sunday shut¬
move

to pare

and also cut the daily average allowable
barrels.
The sole exception allowed to the
week-end shutdown order was in the tri-State Rodessa field
where it overlaps from Texas into Louisiana.
The new
State allowable for Texas of 1,159,173 barrels represents
down during June
to

1,159,173




totals recorded for

the

corre¬

production in recent weeks has
Over the
period ended May 21, which were the latest statis¬

reflected in

four-week

increasing drains upon stocks.

tics available at month-end,

inventories have shown a gross

approximately 5,500,000 barrels to drop to
302,597,000 barrels. This figure, which is equal to approxi¬
mately 90 days' needs, is within 17,000,000 barrels of the 15year low set in January of last year.
Further sharp con¬
tractions of inventories is expected during the current

contraction

of

,

and unless production allowables are unexpectedly
there is a distinct possibility that stocks may

month,

increased,

established during the initial month

break through the low

1937.

of

It

was

that

Friday the 13th that the Mexican Government

on

notice

served

,it

upon

His

severing

was

Majesty's

Britannic

all

diplomatic

Ambassador

relations

with

the

in some of the
sent from Downing Street to President Cardenas in

United
notes

"While the producers are

under the

The sharp curtailment of
been

rect

in the general price

barrels

sponding 1937 period.

a

On the following day the Kanotex Refining

barrel to 50c.

Co.,

Creek

Grass

of

May.

Kingdom

"arrogance"

to the

due

seizure of
February's historic expro¬
priation decree. Not content with severing diplomatic rela¬
tions, the Cardenas Administration further tweaked the tail
the

diplomatic protests in connection with the
oil

British-owned

properties in

British lion with its tart

of the

reference to the fact that

keep up with their
generally accepted as a
direct reference to the gigantic war debts which England,
"even

current

in

nations

great

obligations,"

United

such

Government took

expressed

was

taken

was

States.

British

The

regret

which

with many other European nations, still owe

company

the

always

cannot

a

no

direct action, although

the Cardenas

radical step.

It

was

Administration

had

indicated in some dis¬

from London that the government might ask the
British interests south of
the Rio Grande.
In the United States, Mexican Ambassador
patches
United

States to act to protect

Najera

returned from his homeland armed with authority

negotiate a settlement with American oil companies
affected by the $500,000,000 expropriation decree, but the
to

Department has not as

State

yet made known to the oil

companies involved the offer of the Mexican Government
as conveyed through its Ambassador.
Attorney General Cuminings announced in Washington on
May 25 that 14 oil companies and 11 individuals awaiting
trial at Madison, Wis., on charges of violating the Sherman
anti-trust laws had decided to plead nolo contendre and
pay

fines

totaling

$400,000

approximately

counts of indictment.

on

all

to

three

The offer was acceptable to Federal

Judge Stone when submitted to him for his formal approval
in court at Madison, Wis.
The companies and their execu¬
tives who agreed to pay the fines are:
Socony-Vacuum Oil Co., Inc., and Vice-President C. E. Arnott, N. Y. O.
Wadhams Oil Co. and Board Chairman A. G. McGuire, Milwaukee.
Standard of Ind. and General Sales Manager Amos Ball,
Cities

and

Service

Co.,

Vice-President H.

Cities
D.

Service Oil

Co.,

Frueauff, Tulsa,

Empire Oil

Okla.

Chicago.
&

Refining Co.

13

MONTHLY REVIEW

Continental
Oil

Pure

Oil Co.,

C.

Morris,

Treasury

Chicago.
,
St. Louis.

sales manager,

Petroleum

Co.

R.

Vice-President

and

W.

McDowell,

Tulsa.

Phillips Petroleum Co. and President Frank Phillips, Bartlesville, Okla.
The

Oil

Ohio

showing the trend of the
during May follow:

price changes

Representative

Nation's crude oil markets posted
10—Ohio

May
barrel

to

May
25

oil

barrel

a

Wyoming

heavy

crude

12

cents

a

Refining

to

Kansas

cut

$1.05 for

and

40-gravity and

northern

Oklahoma

month's

the

petroleum product

prices

the

the

a

barrel.

refined

the widespread price

was

re¬

record high inventories accentu¬

as

ated the seasonal pressure upon

/ In

in

developments

markets

ductions in fuel oil

this division of the market.

gasoline

picture, heavy reductions of stocks as
seasonal expansion in demand brought about contracted
holdings at refineries and bulk terminals held the center of
attention.

industry
fair

Prices,

statistical

May
total

stable

were

for

the

and

the

with

season

a

gasoline

ran

corresponding

System

offered

were closed
oversubscription.
dated May 16, 1938, and mature seri¬

time

short

a

debentures were

ally

as

following

heavy

a

follows: $15,500,000 on Nov. 15, 1938; $14,550,000
1939, and $3,550,000 on Aug. 15, 1939.
A total

on

Feb. 15,

of

$29,450,000 of

due on May 16,

similar securities fell

the Treasury continued to retire debt rather
May.
The policy inaugurated on

For its part,

April 27 of retiring $50,000,000 of discount bills each week
was kept in force throughout May, and by the month-end

$250,000,000

bills

of the

had

In retiring

been paid off.

these bills the Treasury drew on

the proceeds of the $1,400,-

000,000 gold desterilization in April.
Through bill retire¬
and expenditures in the regular course of its busi¬

ment

ness,* the Treasury cut down its deposit balance from the
peak of $1,428,693,000 on May 4 to $1,092,819,000 on June 1.
The demand for outstanding Treasury issues was consid¬

May from

erably reduced in

the very high level reached

April following the announcement of gold desterilization
and reduction in member bank reserve requirements.
in

vv--/:'-'

position.

consumption of

shown

whole,

the

on

into the heavy consuming

moves

Bank

than raise new money in

May 11—Union Oil cut Santa Maria heavy crude 23 to 26 cents
of

Credit

which was at a slight premium over par value,

crude

over.

"

Feature

as

leaving $211,050,000 outstanding.

,

11—Kanotex

cents

Creek

Grass

cut

cents.

50

far

so

May 4 a new issue of 1%% consolidated debentures in
the amount of $33,600,000.
The books to the offering,

The

Skelly Oil Co. and President W. G. Skelly, Tulsa.

agencies,

government

concerned.

on

within

Co.

the

was

Intermediate

Federal

The

Refining Co. and Vice-President J. W. Carnes, New York City.

Mid-Continent

of

one

or

oversubscription

Corp. and President Alexander Fraser,

Shell Petroleum
Sinclair

former Vice-President Edward Karstadt, Denver.

and G.

Co.

ahead of the record
1987 month, and the

The average of Treasury

Reserve

Bank

of

security yields compiled by the
York showed the average

New

outlook for June indicated that the disappearance of gaso¬

Federal

line,

yield on Treasury bonds of more .than
maturity or call date declining from 2.32%
2.30% on May 28.
The average yield on

thus far

indicate

a

at

is

least,

running at

Representative price changes,
various divisions of the
May 4—A 10-cent
Canal

Zone

would

showing the trend of the
markets, follow:

refined product

barrel reduction in prices of Diesel fuel oil at the

a

the

lowered

that

pace

a

at the close of 1938. i

record high

new

price

to

$1.85.

A similar slash at Aruba set

a

price to $1.65.

May 6—The Imperial Oil Co. lowered Diesel fuel oil prices 10 cents
barrel

at

May
cents

a

Halifax,

Montreal,

10—Standard

Quebec

California

of

St.

and

a

Johns.

reduced fuel

Diesel

barrel to OOcents and $1,55, respectively, at San

heating oils

marine

*4

Diesel

cent

oil

10

gallon at Baltimore, also

a

cents

barrel

a

to

at

Norfolk

oil

and
to

cut

was

Charlestown

%

cent

Wilmington

at

oil

prices

10

Pedro.

cutting the

price

of

prices of fuel oils

Charlestown.

cent

Marine

Diesel

$1.75 from $1,995 at Norfolk, and to $1.85 from $1.95 at

and

Wilmington,

MAY FINANCING

all

OF

retroactive to

cuts

THE

May

STATES

UNITED

National

Mortgage

Finance Corporation.

tion

notes

0.71%,

while

rate

the average

on

the

Incredible as it may

25.

May

seem,

a

bank

$10,001 for $10,000 of the bills dated May 11.
It
the first time in the history of Treasury financing

was

that

through

had

bidder

a

paid

for

premium

a

government

a

security.
nounced

securities

the

of

Treasury

Henry

Morgenthau

Jr. an¬

May 16 that market transactions in government

on

for

investment

Treasury

accounts

in April

re¬

of $2,480,250 compared with pur¬

the

sulted

in

net purchases

of

$23,348,500 in March and sales of $3,001,000 in

March.

announced

Association

at

chases

30.

TREASURY

In the absence of any direct financing by the Treasury in
May, the principal developments were the issuance on
May 2 of $200,000,000 of 18-month %% Commodity Credit
Corporation notes, following their public sale on April 25,
and the offering of $25,000,000 of 2% five-year Federal
struction

dated

that

Secretary

car

and

low

new

weekly discount bills sold by the Treasury fell from 0.037%
on
the issue dated April 27 to 0.025%, a record low, on

$1.75.

May 31—Standard of New Jersey cut tank

Treasury notes declined in the same

a

offered

and

May 24—Standard of Jersey reduced tank car prices of Nos. 1 and 2 and
4

year

to

eight years to
on April 30 to
three- to fiveperiod from 0.82%

Recon¬

Formation of this Associa¬

Roosevelt

President

on

May 27 signed

a

bill increasing

$25,000,000,000 to $30,000,000,000 the amount of gov¬
ernment bonds which might be outstanding at any one time
and
lowering from $20,000,000,000 to $15,000,000,000 the
amount of short-term securities which might be outstand¬

from

debt limit of the Treasury was left
The House passed a bill on

The maximum

ing.

unchanged at $45,000,000,000.

May 16 empowering the Treasury to arrange its short- and
any way it saw fit under the $45,000,000,000

man

of the

last Feb. 10 by Jesse H. Jones, Chair¬
RFC, following the signing of the new Federal
Housing bill by President Roosevelt on Feb. 3. The Associa¬

maximum

tion

was

and

for

$1,000,000 surplus subscribed by the RFC, with powers to
purchase, establish a market for, and make loans secured
by first mortgages insured under provisions of the National

the

Housing Act.

000,000 in short-term

was

organized with $10,000,000

Mr. Jones announced

of capital

stock

May 13 that the RFC was invit¬
ing subscriptions to an offering of $25,000,000 of the Federal
National Mortgage Association's 2% notes, series A, dated
May 16, 1938, and maturing on May 16, 1943.
The notes
are not callable in the first year, but in the second
year
they are callable in whole or in part at 101%, in the third
year at 100%%, in the fourth year at 100%%, and in the
fifth year at 100%%.
While the notes are not directly
guaranteed by the United States Government, they are
exempt both as to principal and interest from all Federal,
State, municipal and local taxation
(except surtaxes,
estate, inheritance and gift taxes).
"The notes are general obligations of the Association,"
read the announcement of the offering,
"and contain a
covenant

that

guaranteed

Association

the

Administration

on

insured

obligations

will

mortgages,
the

of

own

cash

United

"Federal

and/or

States

Housing

direct

equal

or

long-term debt

view

FHA

will

Senator Harrison declared, in discussing

into

Director

Bell

the Administration's

Bills

Dated

6 1938

May 12 1938

May 25 1938
June
1 1938

May
May

28 1938

May 24 1938

May

constitute

may

issue additional notes

or

the

only

funded

However, the Association

other obligations

Jones

stated

May 23 that approximately
4,500 subscriptions totaling $1,305,000,000 had been received
notes

and

on

that allotments

basis of 2% of the amount of

would

be

made

subscriptions with

on

the

minimum
of $5,000 to banks, insurance companies and dealers, and
a minimum of $1,000 to others.
Before allotment subscrip¬
tions of banks

were

capital and surplus,
in the

amount

of

and

some

more

than one-half their

reductions

were

larger subscriptions of dealers and others.

to make

one

reduced to not

a

a

In order

minimum allotment to all subscribers, the total

allotted
the

made also

most




was

approximately

successful

$29,000,000.
It was
offerings ever made by the

204,464,000
169,687,000
196.449,000

Maturing

Amount

Average

tions

Accepted

Price

Yield

99.932

0.033%

$100,107,000

100,201,000
100,111,000
100,277,000
100,165,000

$50,021,000
'

50,109,000
50,269,000
50,409,000

99.993 +

0.029%
0.027%

99.994

0.025%

50,020,000

99.994

0.025%

99.993

New offerings

Chairman

the

50.000.000

211,547,000

Issue

of—

NEW SECURITY ISSUES IN MAY

from time

to time."

for

91 days

91 days

Subscrip¬

196,449.000

issuance

1938

Aug. 31

91 days

tions

$187,632,000

Bills

May 24 1938

of

91 days

$50,000,000
50,000,000
50,000,000
50,000,000

Offered

will

time

91 days

Subscrip¬

To Redeem

May 19 1938

the

of

Offering

3 1938
Aug. 10 1938
Aug. 17 1938
Aug. 24 1938

Aug.

May 18 1938

19 1938

Mature

4 1938
May 11 1938

Apr.

$187,632,000
211,547,000
204,464,000
169,687,000

at

Amount

Bills

Offered

to its

receive

basis are

given in the following tables:

.

indebtedness of the Association.

spending-lending program.

The details of Treasury bills sold on a discount

May
5 1938
May 12 1938

.

of which it wished to

informed a subcommittee of the
Committee'on May 7 that the $950,000,000 deficit predicted in the original budget for the fiscal
year beginning next July 1 would be raised to $3,722,000,000
on
account of the prospective appropriations outlined in
Budget

exchange debentures fully guaranteed by the United States..
These series A notes, in the amount of $25,000,000,
.

some

House Appropriations

Apr. 28 1938

the

issues,

bonds.

in

mortgage

Association

prevailed.

convert

indebtedness.
Under the provisions of the
Housing Act, in the event of foreclosure of any

insured

provision, but the Senate insisted on fixed limits
and long-term issues, and the latter's

short-term

bill, that the Treasury had outstanding about $23,000,000,000 in long-term bonds and slightly more than $13,000,-

outstanding
National

the

placed in the domestic market in May ex¬
April, but failed
approach the totals reached in May of last year.
Mu¬
nicipal financing held sway during the month, being due
largely to the $50,000,000 emission of the City of New York,
which raised the total appreciably for this type of financing.
Public utility offerings, however, were not lacking as can be
attested by the $19,000,000 bond and note issues of the San
Antonio Public Service Co., representing the first appearance
of this company in the market in a period of 10 years.
This
was followed by the $10,000,000 bond offering of the New
York & Queens Electric Light & Power Co., which was
placed privately with several life insurance companies.
In
ceeded both in volume and number those of
to

MONTHLY

June, 1938]

miscellaneous group, General Foods Corp. held first
place with a $15,150,000 offering comprising 150,000 shares
of $4.50 cumulativejjpreferred stock of no par value.
Over¬
subscription of the issue occurred on the first day of offering.
Below we give the larger offerings in May:

the

PUBLIC

UTILITY FINANCING

$19,000,000 San Antonio Public Service Co.—The first public financing
for the company in 10 years was undertaken May 26 with the
offering of $16,500,000 1st mtge. 4% bonds and $2,500,000
4% serial notes through an underwriting group headed by
Mellon Securities Corp.
The bonds, due 1963, were priced
at 99, to yield 4.05%, and the serial notes, due in varying
amounts from 1939 to 1948, were priced to yield from 2.72 to
4.50%.
Other members of the offering syndicate included
Glore, Forgan & Co., The First Boston Corp., Halsey, Stuart
Co., Inc., Otis & Co. (Inc.), Bonbright & Co., Inc., Blyth
Co., Inc., Shields & Co., Ladenburg, Thalmann & Co., Lee
Higginson Corp., F. S. Moseley & Co., Harris, Hah &
(Inc.) and Riter & Co.
Both issues were oversubscribed the
day of offering.
,
.
_
Net proceeds of approximately $18,270,237
(exclusive
accrued int. but after deduction of expenses in the estimated
amount of $156,013), together with $1,960,000 to be received
from the sale of 28,000 additional shares of common stock to
American Light & Traction Co., a parent of the company, will
be applied toward the redemption of outstanding bonds in the
amount of $18,518,000 and for general corporate purposes.

&
&

MUNICIPAL FINANCING

$50,000,000 New York, N. Y., obligations, comprising $40,000,000 serial
issues due*annually from 1939 to 1978, incl., and $10,000,000
40-year corporate stock, were awarded to the National City
Bank of New York and associates at a price of 100.50 for the
serial liens as 3 Ms and the term loan as 3s, the net
interest
cost to the city being 3.1309%.
In reoffering the $40,000,000
bonds the bankers priced the maturities from 1939 to 1959,
incl., to'yield from 0.60% to 3.20%; the 1960 to 1968 maturi¬
ties were priced at 100.50, with the remaining instruments
beng priced at 100.25.
The $10,000,000 40-year 3 % corporate
stock issue was purchased by the City Comptroller as sinking
fund investments at a price of 99 M •
4,135,000 Salt River Project*Agricultural Improvement and Power
District, Ariz., bonds, maturing from 1948 to 1964, incl.,
and optional beginning in the earliest year, were sold to an
account headed by Blyth & Co., Inc., New York, as 4Ms, at
97.10, a basis of about 4.61% to optional date.
2,150,000 Los

:

'

,

to 102,

obligation of $7,000,000
Consolidated Edison Co. of New York,

Proceeds will be used to discharge an
due and payable to the

Inc., and to the extent of the balance remaining to be drawn
from time to time as such proceeds are required for the ac¬
quisition of property, the construction, completion, extension or
improvement or the company's plant or distributing system as
may be duly authorized by the Public Service Commission.
2,000,000 Fall River Electric Light Co.—The First Boston Corp. on
May 16 offered at 104 and int. $2,000,000 1st mtge. bonds,
series A, 3M%, due May 1, 1968.
Close bidding by a large number of investment firms featured
the sale May 11 of $2,000,000 1st mtge. bonds, series A, due
May 1, 1968, which were awarded to The First Boston Corp.
on its bid of 102.10 for 3M % bonds.
The winning bid represented an interest cost basis to the
company of only 3.0182%, believed to constitute a new low
effective rate for 30-year corporate money.
The second bid,
for 3Ms, represented an interest cost basis of 3.025% and the
third best an interest cost of 3.0329%.
Proceeds of the present issue will be used by the company to
retire on or before July 1, 1938, the $2,000,000 1st mtge. 5%
bonds now outstanding, by redemption at 106.
Following
this retirement, the present issue of $2,000,000 of 1st mtge.
3Ms, due 1968, will constitute the only funded indebtedness
of the company.
Capital stock outstanding has a par value
of $5,300,000.
1,000,000 New Bedford Gas & Edison Light Co.—The issue of this
company's 3M% serial notes in the amount of $1,000,000,
recently authorized by the Massachusetts Department of
Public Utilities, has been placed privately, the sale being
consummated May 2, 1938.
Proceeds of tne issue are to be applied to payment of two
outstanding notes totaling $1,005,500.

500,000 Pittsfield (Mass.) Coal Gas Co.—Company has been au¬
thorized by the Massachusetts Department of Public Utilities
to issue $500,000 10-year 4% coupon notes.
The issue has
been placed privately with institutional investors.
Proceeds
will be used to redeem $462,000 1st mtge. bonds outstanding,
and the balance to liquidate current indebtedness.
INDUSTRIAL AND MISCELLANEOUS

FINANCING

$15,150,000 General Food Corp.—A nation-wide banking group headed
Goldman, Sachs & Co. and Lehman Brothers, and including
Brown Harriman & Co., Inc.; The First Boston Corp.; Kidder,
Peabody & Co., and Smith, Barney & Co., offered on May 4
a new issue of 150,000 shares of $4.50 cum. pref. stock (no par
value) at $101 a share and accrued dividends.
The issue was
oversubscribed the day of offering.
The stock was quoted in
the outside market at 104 on the same date.

from the sale of the
deducing estimated
expenses of the company, in connection therewith, amounted
to $14,638,962, and was received by the company about May
9, 1938Approximately $7,000,000 may be used for esti¬
mated capital expenditures during 1938, and $850,000 will be
used to complete payment for the Kaffee Hag business pur¬
chased in 1937 for approximately $1,785,000.
The remainder,
in the approximate amount of $6,788,962, will be available for
general corporate purposes, and will be added to working capital
Purpose of Financing—The net proceeds
150,000 shares of preferred stock, after

in the first instance.

3,500,000 National Gypsum Co.—An issue of $3,500,000 of 4M % sink¬
ing fund debentures due May 1, 1950, was publicly offered
May 25 by W. E. Hutton & Co.; Kidder, Peabody & Co.;
Johnson, Lane, Space & Co., Inc.; Scott & Stringfellow, and
Schoeilkopf, Hutton & Pomeroy, Inc., by means of a prospectus
.

V*

at

100 and accrued interest.

May 1, 1938; due May 1, 1950.
Coupon debentures
in denom. of $1,000, registerable as to principal only.
The company proposes to utilize a part of the net proceeds
from the sale of the debentures for the construction of a unit
for the manufacture of gypsum plasters, boards and other
gypsum products.
The cost of this unit is presently estimated
at $900,000.
Dated

■

100,000 Cleveland, Ohio, 3% and 3M% bonds, due serially from
1939 to 1963, incl., were purchased by Lehman Bros, of New
York and others at 100.03, a basis of about 3.07%.
Reoffered on a yield basis of from 1.50% to 3.15%, according to
coupon rate and maturity.?
2,000,000 Rochester, N. Y., 2% public improvement bonds, due an¬
nually from 1939 to 1958, incl., were awarded to a group man¬
aged by Halsey, StuartT& Co., Inc., New York, at 100.583,
a basis of about
1.94%.
Reoffered to yield from 0.35% to
2.10%, according to maturity.

•

•

works revenue bonds,

incl., were purchased as 2Ms and 2Ms by an account headed by
Lehman Bros, of New York at 100.04, a basis of about 2.465%.
The bonds, which are redeemable at par on and after Nov. I,
1939, were offered to investors at prices ranging from 100.75

of

V

Calif., Department of Water and Power
due yearly from 1942 to 1948,

Angeles,

water

Co^

10,000,000 New York & Queens Electric Light & Power Co.—The
company has placed privately with several life insurance com¬
panies an issue of $10,000,000 1st & consol. mtge. bonds, 3 M %
series, dated May 1, 1938, due May 1, 1968.
Bonds were sold
c
at 101 and int.
City Bank Farmers Trust Co., trustee.
Redeemable as a whole at any time or in part on any semi-annual
interest date upon 30 days' prior published notice to and
including May 1, 1943, at 105, and thereafter at a decrease
in premium of 1% for each five-year period which elapses
to May 1, 1958, and thereafter to and including May 1, 1963,
at 101 and int., and thereafter to maturity at 100.

13

REVIEW

1,665,000 Yonkers,'N. Y., various purposes bonds were sold to an ac¬
count headed by the Chase National Bank of New York on its
bid of 100.119 for $425,000 3 Ms, due serially from 1939 to
1958, incl., and $1,240,000 4s, due from 1939'to 1948, incl., a net
interest cost of about 3.876%.
The banking group reoffered
the 4s to yield from 2.25% to 3.80%, according to maturity,
and the 3Ms on a basis of from 2.25% to 3.90%.

1,596,000 Newark, N. J., emergency relief bonds were sold to Colyer,
Robinson & Co., Inc., of Newark, as 4s at 100.61, a basis of
about 3.85%.
The bonds are due from 1939 to i946, incl.,
and were placed privately by the bankers.
1,500,000 Pittsburgh School District, Pa., 2M% bonds, due from
V
1939 to 1963, incl., were taken by Phelps, Fenn & Co. of New
York and associates at 100.83, a basis of about 2.18%.
They
mature yearly from 1939 to 1963, incl., and were offered onja
yield basis of from 0.40% to a price of par, according to ma¬
turity.

1,498,000 South Dakota (State of) rural credit refunding bonds, due
June 15, 1948, were awarded to the Wells-Dickey Co. of Min¬
neapolis and associates as 3 Ms at 100.37, a basis of about
3.21%.
Reoffered to yield 3.046%.
This award followed
cancellation by the State of an earlier private sale of an issue
of $998,000.
1,000,000 West Virginia (State of)—road bonds, maturing annually
from 1939 to 1963, incl., were awarded to a group headed by
Young, Moore & Co. of Charleston as 2s and 2Ms at a price of
100.01, a net interest cost of about 2.23%.
DIVIDEND

Unfavorable

changes

CHANGES IN MAY

dividend declarations in May

in

p*eatly exceeded the number of favorable ones. The follow¬
ing list, divided into two sections, namely "Favorable
Changes" and "Unfavorable Changes," gives the more
important of the changes:
FAVORABLE

CHANGES

Ltd.—Dividend of one cent a share on the common
stock, payable May 25.
This was the first distribution made on the
common stock since June 29, 1935, when a payment of two cents a share

Acme Gas & Oil Co.,

was

made.

•

RR.—Dividend of $3 a share on the
payable June 28.
An extra of $4 a share and a regualr
dividend of $1.50 a share were paid on Dec, 24, last.

Alabama Great Southern

Mills,

Allied

Inc.—Dividend of 50c. a share on the common stock, pay"
The last previous distribution amounted to $1.50 a shar©

able June 23.

and was made on June

15, 1937.

Co.—Extra dividend of 50c. a share
share on the no par common stock, both

American Chicle

terly of $1 a

Ltd.—Initial dividend of 4% on the
31.
Canadian & Dominion Sugar Co., Ltd.-—Extra dividend of $1 a share
and a regular quarterly of 37Mc. a share, payable May 15 and June 1,
&

Wireless

(Holding),

ordinary stock was paid on May

respectively.

Chrysler Corp.—Dividend of 50c. a share on the common stock
June 14.
This will be the first dividend paid since Dec. 13,
which time $3 a share was distributed.

1,500,000 Rheem Manufacturing Co., Richmond, Calif.—Blyth &
Co., Inc., and Greenwood-Raggio & Co., San Francisco, on
May 6 offered at 100 and int. $1,500,000 10-year sinking fund
5% debentures, series A.
Dated April 1, 1938; due April 1, 1948.
Interest payable
A. & O.
Convertible until April 1, 1943, unless previously
redeemed, into shares of the company's common stock, at
$14 per share if converted on or prior to April 1, 1939, at $17
per share of converted thereafter and on or. prior to April 1,
1941, and $20 per share if converted thereafter and on or prior
to April 1, 1943.
The conversion privilege is subject to adjust¬
ment and conditions as provided in the indenture.
Purpose—Net proceeds, exclusive of accrued interest, to be
by the company from the sale of these $1,500,000
debentures, after deducting the estimated expenses of the com¬
pany in connection with such sale are expected to approximate
$1,411,342.
Company intends to use such net proceeds as
follows: To discharge bank loans, $1,250,000; to complete
purchase of Chicago plant $70,000; to provide additional work¬
ing capital, $91,342

received




payable
1937 at

Cincinnati, New Orleans & Texas Pacific Ry.—Extra dividend
a share in addition to a semi-annual dividend of $5 a share on the
mon stock, par $100, both payable June 24.

Paper Co.—Extra dividend of 13c. a share
quarterly of 25c. a share on the $25 par, common stock,

Great Northern
June 1.

com¬

and a regular
both payable

on the no par
share was paid

share on the
This compared with 50c.

Pineapple Co., Ltd.—Dividend of $1 a

stock, was paid on May 23.
April 30, last.

Investment Co. of America—Cash dividend
dividend of 100% on the common stock, both
involves no

Milnor, Inc.—Dividend of 35c. a share was
May 31. This compares with 10c. a share

distributed on March 1, last.
stock

Penick & Ford, Ltd., Inc.—Dividend on the no
increased from 50c. a share to 75c. a share, payable

Southington

surplus and

paid on the capital stock on

Ltd.—Dividend on the capital
$1.50 a share, payable July 2.

Scotia Light & Power Co.,

increased from $1.25 a share to

$5par»
paid on

of 50c. a share and a stock
payable June 30. Company

payable in its entirety from capital
capitalization or distribution of earnings.

stated stock dividend is

Nova

of $5

,

No. One Oil Corp.—Dividend of $100 a share
capital stock payable June 30.
A dividend of $50 a
on March 31 last.

Group

common

of the several

dividend of $2.50 a share was

Consolidated Car Heating Co.—Special
paid May 25 last, on the common stock.

Hawaiian

names

payable June 15.

tributed.

Cable

principal

Offering—The

and a regular quar¬

Berghoff Brewing Corp.—Dividend of 25c. a share on the common stock
payable June 15.
This will be the first payment to be made since
Dec. 15 last, at which time a regular quarterly of like amount was dis¬

respective amounts of debentures sever¬
ally to be purchased by each, follows:
W. E. Hutton & Co., New York
$1,100,000
Kidder, Peabody & Co., New York
900,000
Johnson, Lane, Space & Co., Inc., Savannah, Ga—
400,000
Scott & Stringfellow, Richmond, Va
350,000
Schoeilkopf, Hutton & Pomeroy, Inc., New York-.
200,000
Blyth & Co., Inc., New York
550,000

Underiorilers

underwriters and the

ordinary

semi-annual

stock

par,

common

stock

June 15.

Hardware Co.—Dividend on the capital stock
12Mc. a share to 37Mc. a.share and was paid on April 30,

(Conn.)

increased from
last.

South Penn

and a regular
capital stock, both payable

Oil Co.—Extra dividend of 12Mc. a share

quarterly of 37Mc, a share on the $25 par,
June 30.

dividend of 50c. a share and a
ashare on the $25 par, capital

Standard Oil Co. of New Jersey—Extra

regular semi-annual dividend
stock, both payable June 15.

of 50c.

*

of 50c. a share and
the $25 par, capital stock,

Standard Oil Co. of New Jersey—Extra dividend

regular semi-annual dividend of 50c. a share on
both payable June 15.

(L. S.) Starrett Co.—Dividend on the no par common
from 25c. a share to 50c. a share, payable June 25.

stock increased

14

MONTHLY

Technicolor, Inc.—Dividend
share to 50c. a

a

on

the

stock increased from 25c.

common

share, payable June 15.

a

1

Twin Disc Clutch Co.—Year-end dividend of 75c. a share on
the no par
value common stock, payable June 27.
This compares with 50c. paid on
April 1 and on Jan. 3, last.
West Virginia Water Service Co.—Dividend of
$6 a share
accumulations on the $6 cum. preferred stock of no

on

REVIEW
Eagle Picher Lead Co.—Dividend ordinarily due at this time on the $10
par, common stock
omitted.
A regular quarterly dividend
of 10c.
a share was paid on April 1 last.
Eastern Gas & Fuel Associates—Dividend usually payable at this time
on the 6%
annual pref. stock, par $100 omitted.
A dividend of 75c.
share

a

account of

paid

was

account of accumulations

on

on

April 1 last.

the above issue.

Electric Controller & Mfg. Co.—Dividend on the no par common stock
reduced from $1 a share to 75c. a share, payable July 1.

UNFAVORABLE CHANGES
Acme Steel Co.—Dividend on the $25 par common
stock reduced from
50c. a share to 25c. a share, payable June 11.

Emsco Derrick & Equipment Co.—Dividend of 15c. a share on the com¬
mon
stock payable May 25.
Previously regular quarterly dividends
of 25c. a share were distributed, j

Aluminum

Ewa

value, payable

par

July 1.

This payment will clear

Goods

Mfg.

decreased from 25c.

up all accumulations

Co.—Dividend

the

on

no

on

par

stock

common

share

to 15c. a
share, payable July 1.
American Agricultural Chemical
Cot (Del.)—Dividend on the no par
value capital stock reduced from $1.25 a share to
$1 a share, payable
a

June 30.

.

American Bank Note Co.—Dividend
25c. a share to 10c. a share, payable
&

on

the

stock reduced from

common

Inc.—Dividend on the common stock
reduced from 25c. a share to 15c. a
share, payable June 15.
American Fork & Hoe Co.—Dividend on the
no
par common stock
reduced from 25c.

a

share to 15c.

a

On March 31, last, a regular
quarterly of 15c.

share

was

paid.

American Safety Razor Corp.—Dividend on the
common stock decreased
from 50c. a share to 40c. a share,
payable June 30.
American Seal-Kap Corp. of
Delaware—Dividend on the no par capital
stock reduced from 20c. a share to 10c. a
share, payable June 10.
American Steel Foundries Co.—No action
taken with
a

share

respect to the
A dividend of 25c.

dividend for the quarter
ending June 30.
paid on March 31 last

was

American Sugar Refining Co.—Dividend
from 50c. a share to 25c. a
share, payable

the

on

common

Anaconda
due at
was

Copper Mining Co.—No action

this

time

Archer-Daniels-Midland
from 50c.

Atlas

on

the

the

$50 par common stock.
paid on March 28 last.
on

a

share to 25c.

Corp.—Dividend

share to 25c.

share

the

on

no par common

stock reduced from 40c.

a

Automobile

Finance Co.—Dividend
ordinarily due at this time on the
7% cumulative preferred stock of $25 par, deferred.
A regular
quarterly
of 43He. a share was paid on March
1, last.
Babcock & Wilcox Co.—No action on the
common dividend
usually due
at this time.
One of 25c. a share was
paid on April 1, last.
Basic Dolomite, I nc.—Dividend
ordinarily due at this time on the com¬
mon stock omitted.
On March 15,
last, a dividend of 15c. a share was
paid.
Bastian Blessing Co.—Dividend on the
common
40c. a share to 25c. a share, payable
July 1.
Blaunit Mills, Inc.—Dividend

stock

reduced

from

ordinarily payable at this time on the
$1.50 convertible preferred stock omitted.
A regular
quarterly of 37 He.
a share was
paid on March 1, last.
Bloch Brothers Tobacco Co.—Dividend on
the $25 par, common stock
reduced from 50c. a share to 25c. a share and
was paid on May
14, last.
Boss Manufacturing Co.—Dividend of
25c. a share on the $100
par,
common stock was
paid May 16, last.
This compares with $1.50 a share
on Feb. 15, last.
Boston Garden Arena
Corp.—Dividend on the 6% preferred stock of no
par value reduced from $8 a share to $4 a share and
was paid on
May 27,
last.

Bower Roller Bearing Co.—No action taken on
the dividend normally
due at this time on the $5
par, capital shares.
A distribution of 50c. a
share was made on March
25, last.
v
Bristol Brass Corp.—Dividend on the
$25 par common stock reduced
from 50c. a share to 25c. a
share, payable June 15.
Brown Shoe Co.—Dividend on the
common stock reduced from
75c. a
share to 25c. a share,
payable June 1.
Bullard Co.—No action taken with
respect to the payment of a dividend
usually due at this time on the common stock. One of 25c. a share was
paid on March 31, last.
California Ink Co., Inc.—Dividend on the
no

duced from 62Hc. a share to 50c.

a

Campe Corp.—No
on

the

was

common

paid

on

par common stock re¬

share, payable June 30.

action taken at this time
shares.
A regular

on the payment of a dividend
quarterly dividend of 10c. a share

March 1, last.

C anada Foundries &
Forgings, Ltd.—Dividend of 25c. a share on the
class A stock, payable
July 2.
This compares with $1 a share paid on
June 5, last.

Chesapeake Corp.—Directors
the payment of

a

quarterly of 75c.

dividend
a

share

on

on

was

May 31 took

paid

on

Chesapeake & Ohio Ry.—Dividend of

share to 50c.

a

on

action with regard to
A regular

April 2, last.
25c.

a

share

fjayable July I. This compares with 75c. paid
ast.
Chicago Corp.—Dividend

no

the common stock at this time.

on

the common

stock,

on April 1 and on Jan. 1,

the preference shares reduced from

75c.

a

share, payable June 1.

Chicago Rivet & Machine Co.—Dividend
stock reduced from 15c.

a

share to 10c.

a

on

the

$4 par common
share, payable June 15.
new

Citizens Traction Co.
(Pittsburgh)—No action taken

on the payment of
a dividend on the
common shares at this time.
A regular semi-annual
dividend of $1.50 a share was last
paid on Nov. 16, 1937.
Collins & Aikman Corp.—Dividend on the no
par common stock reduced
from 50c. a share to 25c. a
share, payable June 1.

'

Columbia Broadcasting
System, Inc.—Dividend on the class A and B
stock decreased from 40c. a share to
25c. a share, both payable June 10.
Commercial Solvents Corp.—Dividend
usually payable at this time on
the common shares omitted.
A regular semi-annual dividend of
30c. a
share was paid on Dec.
22, last.
Commonwealth Life Insurance Co.
(Louisville, Ky.)—Dividend usually
due at this time on the
company's common stock omitted.
On Oct. 1,
last a regular semi-annaul dividend of
30c. a share was paid.
ressed Industrial
Gases, Inc.—No action taken on the payment of
the dividend
ordinarily due on the common stock at this time.
One of
25c. was paid on March
15, last.

Congoleum-Nairn, Inc.—Dividend ordinarily
common
shares omitted.

March 15, last.

payable June

15

on

A disbursement of 25c. a share was made

the
on

respect to the payment of a dividend
A dividend of $1.75 a share

at this time.

account of accumulations.

Detroit

12Hc.

Harvester
a

on

was

the

7% cumul. pref. stock

paid

March

31, last,

on

t

Co.—Dividend on the common stock reduced from
a share,
payable June 1.

share to 10c.

Detroit Steel Corp.—Dividend
ordinarily due at this time on the common
stock omitted.
A regular
quarterly of 25c. a share was paid on Mar. 31

Dodeckmun

Co.—Dividend ordinarily due

shares omitted.
on Jan. 15 last.




1
...

the

Insulation

at this time on the common
A regular
quarterly dividend of 35c. a share was paid

Co.—Dividend

shares

common

omitted.

A

usually payable at this time on
regular quarterly dividend of 20c. a

share was paid on Dec. 22 last.

General Acceptance Corp.—Dividends on the class A and common stocks
reduced from 30c. a share to 15c. a share, payable June 15.
General American Transportation
a

the $5 par common stock,

Corp.—Dividend of $1.12 H

payable July 1.

share paid on Dec. 20 last and $1.50 a share

This

a

share

with $2

compares

July 1, 1937.

on

General Electric Co.—Dividend
30c.

on the no par common stock reduced from
share to 20c. a share, payable July 25.

a

General Railway Signal Co.—No action taken on the
payment of a divi¬
dend on the common shares at this time.
A regular quarterly dividend
of 25c. a share was paid on April 1 last.
General Time Instruments Corp.—Dividend
usually due at tnis time
the common stock omitted.
A distribution of 15c. a share was made
April 1 last.
Gillette

Safety

from 25c.

Razor

Co.—Dividend on the common
a share, payable June 30.

this time

share

deferred until

paid

was

stock

on
on

reduced

share to 15c.

a

Goebel Brewing Co.—Action
on

on

later

a

the

common

meeting.

dividend ordinarily due at

A regular quarterly of 5c.

a

March 28 last.

Goodyear Tire & Rubber Co.—No
ment of a

share

was

action taken with regard to the pay¬
dividend on the common stock at this time.
One of 25c. a
paid on March 15 last.

Gorham Mfg. Co.—Dividend of 25c. a share on the no par common stock
payable June 15.
A distribution of $1.25 a share was made on Jan. 26
last and 50c. a share on Dec. 15, Nov. 15, Sept. 15 and June
15, 1937.
Granite City Steel Co.—Dividend ordinarily due at this time on tne com"

shares omitted.

mon

A distribution of 12He. a share was paid on March
V

30 last.

Greenfield Tap & Die Corp.—Quarterly dividend usually due at this time
on the $6 convertible preferred stock of no
par value omitted.
A regular
dividend of $1.50 a share was paid on Dec. 15 last.

Hearst Consolidated

Publications, Inc.—Dividend ordinarily due June
15 on the 7% cumulative class A shares of $25 par omitted.
A regular
quarterly of 43 He. a share was paid on March 15 last.

Hecla Mining Co.—No action taken on the
payment of a dividend on the
capital stock at this time.
A distribution or 10c. a share was .made on
this issue

Hercules

on

March 15 last.

Powder

from 40c.

Co.,

Inc.—Dividend

share to 25c.

a

a

from 25c.

share to 10c. a

a

on

the

common

stock

reduced

share, payable June 25.

Hewitt Rubber Corp.—Dividend

the $5 par common stock decreased
share, payable June 8.
on

Heyden Chemical Corp.—Interim dividend of 30c.

a share on the $10 par
stock, payable June 1.
Previously regular quarterly dividends
were distributed,

common

of 50c. a share

Heywood Wakefield Co.—Dividend usually payable at this time

on

the

5% series B preferred stock omitted. A regular quarterly of 31c. a share
disbursed on March 1, last.
Hooven & Allison Co.—Dividend of $1 a share was paid
May 2 on the
$100 par, common stock.
This compares with $4 paid on Nov. 1, last.
Hoskins Manufacturing Co.—Dividend on the $2 H P&r, common stock
was

decreased from 25c. a snare to 15c.

a

share, payable June 25.

Humphryes Mfg. Co.—Dividend

of 50c. a share on the common stock,
payable June 30.
This compares with $1.25 a share paid on Dec. 21, last,
and 75c. a share on Sept. 30, June 30 and March 31, 1937.

International Agricultural Corp.—Dividend on the prior preferred stock
reduced from $3 a share to $2 a share, payable June 20.
International Harvester Co.—Dividend on the common stock reduced
from 62He. a share to 50c. a share, payable
July 15.

International Mining

Corp.—Dividend on the common stock reduced
a share to 10c. a share, payable June 20.
International Shoe Co.—Dividend on the common stock reduced from
from 15c.

50c. a share to 37Hc. a share, payable July 1.
(W. B.)' Jarvis Co.—Dividend ordinarily payable about June

1

on

the $1

capital stock omitted.
A distributed of 50c. a share was made
on March 1, last, and each three months
previously.

par

on

this issue

Joslyn Mfg. & Supply Co.—Directors

May 31 decided to temporarily

on

defer action

on the payment of a dividend on the common
stock at this
A regular quarterly dividend of 75c. a share was
paid on March 15,

time.

last.

Kansas Oklahoma & Gulf Ry.—Dividend on the series O
6% non-cum.
preferred stock reduced from $4 a share to $1.50 a share,
payable June 1.
Kansas City Stock Yards Co.—Dividend on the common stock
decreased
from $1.50 a share to $1 a
share, payable on May 2.
Lava

Cap Gold Mining Co.—Dividend

from three cents

Lehn

&

Fink

a

on

the

common

stock reduced

share to two cents

a share,
payable June 30.
Co.—Dividend on the $5 par, common stock
share to 20c. a share, payable June 14.

Products

reduced from 30c.

a

Ludlum Steel Co.—No action taken
regarding the payment of
the

paid

on

shares at this time.
Dividends of 25c.
Feb. 15 last and each three months
previously.
.

common

Ludlow Mfg. Associates—Dividend on the
$2 a share to $1.50 a share, payable June 1.

common

a

a

convertible preferred stock of no par value omitted.
of $1.25 a share was paid on March
15 last.

dividend

share

were

stock reduced from

Mangel Stores Corp.—Dividend usually payable at this time

on

the $5

A regular quarterly

Master Electric Co.—Dividend on the
common stock decreased from 40c.
a share to 25c. a
share, payable June 21.

Memphis Natural Gas Co.—Dividend

on

the

no

duced from 30c.

par common

stock

re¬

a share to 10c. a share and became
payable May 25.
Co.—Dividend of 50c. a share on the $5 par common
stock, payable July 1.
Previously regular quarterly dividends of $1

Mesta
a

iast.

Dixie Vortex Co.—Dividend on the
common stock reduced from 37He.
a share to 25c. a
share, payable July 1.

March 1 last.

last.

on

Crown Cork & Seal
Co., Inc.—No action taken with regard to the pay¬
ment of a dividend on the
common shares at this
time.
One of 50c. a
share was paid on March
7, last, and each quarter previously.
Crown Zellerbach
Corp.—Dividend on the $5 par common stock de¬
creased from 25c. a share to
12Hc. a share, payable July 1.
Crucible Steel Co. of America—No action
taken at the May 25, meeting
with

on

on the common stock
ordinarily due at this time
omitted.
A distribution of 25c. was paid on Dec. 20, 1937, and in each
of the three preceding quarters.
;
.
,
Foote Burt Co.—No action taken at this time on the no par common
stock.
A regular quarterly of 20c. a share was distributed on March 15

on
a

a

Flintkote Co.—Dividend

ordinarily

Co.—Dividends on the capital stock reduced
a share, payable June 1.

share, payable June 20.

a

dividend

One of 25c.

$20 reduced

par

reduced from 20c.

Federated Publications, Inc.—Dividend on the v. t. c. common stock
decreased from 25c. a share to 20c. a share, payment having been made
on May 5.

stock reduced

July 2.
American Sumatra Tobacco
Corp.—Extra dividend of 90c. a share and
a regular
quarterly of 25c. a share on the no par common stock, both
1', payable June 15.

stock

Rubber Co.—Dividend on the common stock decreased from
share to 25c. a share, payable July 1.

a

Formica

.

on
the capital stock,
share, payable May 14.

Faultless
50c.

time.

a

a

Famous Players Canadian Corp., Ltd.—Dividend on the no par common
stock reduced from 60c. a share to 30c. a share, payable June 15.

share, payable June 15.

American Radiator & Standard
Sanitary Corp.—No action taken with
respect to the payment of a dividend on the common stock at this

common

distributed

was

Cable Co.,

Co.—Dividend

Fairbanks, Morse & Co.—Dividend ordinarily payable at this time on
the no par common stock omitted.
A regular quarterly of 25c. a share

July 1.

American Chain

Plantation

from 60c. a share to 20c.

Ex-Cell-O Corp.—Dividend on the common
share to 10c. a share, payable July 1.

Machine

share

were

distributed.

Monarch Machine Tool
from 40c.

a

Co.—Dividend

share to 30c.

on

the

common

stock reduced

a share, payable June 1.
Monarch Mills—Semi-annual dividends on the
common stock decreased
from $3 a share to $1.50 a
share, payable July 1.
Monroe Loan Society—Dividend on the class A
a

share to 5c.

.

stock reduced from 8c.

a

share, payable June 24.

Montgomery Ward & Co.—Dividend on the common stock reduced
50c. a share to 25c. a share, payable July 15.

from

paid
Feb. 15

Storkhne

May 16

on

This compares with $1.50 paid oil

the capital stock.

common

paid.
Mulling Mfg. Co.—No action taken on the payment of a dividend ordi¬
narily due at this time on the $7 preferred stock, no par value.
A regular
a

share was paid on March 1 last,

(G. C.) Murphy Co.—Dividend
a

Struthers Wells-Titusville
time

previously regular dividends quarterly of 40c. a share were

duarterly dividend of $1.75
share to 75c.

the common shares decreased from

on

$1

share, payable June 1.

a

Muskegon Piston Ring Co.—No action taken on the payment of a divi¬
dend on the common stock at this time.
One of 25c. a share was paid
March 31 last

65c.

Nash-Kelvinator Corp.—No action on the payment of a dividend on the
common shares of this time.
A dividend of 12 He. a share was paid on
Feb. 21 last.'

share

a

was

paid

Feb. 15, last.

on

Thew Shovel Co.—No action taken with regard to a common
at this time.
One of 50c. a share was paid on Dec. 23, last.

dividend

Tidewater Power Co.—Payment of a dividend ordinarily due at this time
on the $6 preferred stock omitted.
A regular quarterly of $1.50 a share
was paid on March
1, last.
i
Transue

& Williams Steel

ment of
.

Muskogee Co.—Dividend on the no par common stock reduced from
a share to 25c. a share, payable June 15.

Corp.—Dividend ordinarily payable at this
A regular quar¬

the $1.25 convertible preferred stock omitted.

on

terly of 31 He.

this issue.

on

share on the $5 par,
15c. paid on

a

This compares with

15.

payable June

stock,

March 15, last.

Motor

last, and

Corp.—Dividend ordinarily payable at this time
A dividend of 12He. a share was

Strouss-Hirshberg Co.—Dividend of five cents

last.

Wheel Corp.—Dividend ordinarily due June 10 on the common
shares omitted.
A distribution of 20c. a share was made on March 10

Furniture

the $10 par, common stock omitced.
on Feb. 28, last.

on

paid

Morse Twist Drill & Machine Co.—Dividend of 50c. a share was
\

15

REVIEW

MONTHLY

June, 1938]

a

a

Forging Co.—No action taken on the pay¬
An extra dividend of 15c. a

dividend at this time.

common

share and

a

regular quarterly of like amount were paid on Dec.

Underwood Elliott Fisher Co.—Dividend

the

on

from $1 a share to 50c. a share, payaole June

1. last.

stock reduced

common

•

30.

Union Carbide & Carbon Corp.—Dividend on the common
from 80c. a share to 40c. a share, payable July 1.

stock reduced

Nashua Gummed & Coated Paper Co.—Dividend on the no par common
stock decreased from $1 a share to 50c. a share, payable May 16.

Union Tank Car

National Baking Co.—Dividend on the $1 par common
from 50c. a share to 25c. a share, payable June 11.

United Biscuit Co. of America.—Dividend on tae common stock reduced
from 40c. a share to 25c. a share, payable June 1.
,
'

National Bond & Investment Co.—Dividend
duced from 36c.

share to 20c. a share,

a

on

stock decreased

the common stock re¬

from 40c.

United

Carbon

on the common stock reduced from
share, payable June 1.

United

United

25c.

share to

a

Corp.—Dividend

12Hc.

a

dividend of 15c. a share was

National

paid

a

from 55c.

50c.

a

share to 35c.

the $12.50 par, capital stock

on

Brothers, Inc.—Dividend on the common stock reduced from
a share, payable June 15.

share to 25c.

a

Bedford

Cordage Corp.—Dividend

J.)

Newberry

60c.

share to

a

Co.—Dividend

50c.

a

the $5 par value common
share, payable June 1.

on

stock reduced from 25c. a share to 15c. a

(J.

reduced

share, payable June 15.

a

the common stock reduced from

on

share, payable July 1.

omitted.

A distribution of 25c.

share was

a

paid

on

on

the common stock

March 1 last.

Nineteen Hundred Corp.—Dividend on the class B shares
25c. a share to 12Hc. a share, payable May 16.

North

Central Texas

Oil Co.,

stock reduced from 20c.

reduced from

share, payable July 1.

a

Oahu Sugar Co.,
20c.

share to

a

Ltd.—Dividend on the common stock reduced from
10c. a share, payable May 16.

O'Connor, Moffatt & Co.—Dividend ordinarily due at this time on the
$1.50 class "AA" stock omitted.
A regular quarterly of 37Hc. a share
was paid Feb. 15 last, on this issue.
Ohio Brass Co.—Dividends ordinarily due at this time on the class A and
B common stocks were omitted.
A distribution of 25c. a share was
made

on

March

24 last, and

a

regular quarterly dividends of 75c. a

share previously.
time

was

on

the no par common stock ordinarily due at this

dividends

Semi-annual

omitted.

of 50c.

a

share were paid

Dec. 15 and June 15, 1937.

on

Oneida, Ltd.—Dividend
25c.

a

on

& Tilford,

common

shares

stock reduced from 50c*

at

this time.

on the payment of a dividend on the
An extra dividend of $1 a share and a

Pennsylvania Salt Mfg. Co.—Dividend on the $50 par common stock
reduced from $1.25 a share to $1 a share payable June 15.
Pneumatic Scale

on the common stock decreased
share, payable June 1.

Corp.—Dividend

share to 30c.

a

from

Progress Laundry Co.—Dividend on the no par common stock reduced
from 15c. a share to 10c. a share, payable June 1.
10c.

Investing
a

Co.—Dividend

share to 7Hc. a share,

Public Service Corp. of N.
reduced from 65c.

a

on

the

common

stock reduced from

payable June 15.

J.—Dividend

share to 50c.

a

on

share,

Queens Borough Gas & Electric Co.—Dividend on the 6%
pref. stock ordinarily payable July 1, 1938 was omitted.

time

Rand Co.—Interim cash dividend of 20c. a share on the
common shares, payable July 1.
On March 25 last a dividend of 25c.
a share was paid, together with an extra dividend in stock of 1-100th
of a share of $4.50 preferred stock for each common share held.

Remington

Republic Steel Corp.—No action taken on the July 1 dividend on the 6%
cumul. prior pref. stock, series A, and on the 6% cumul. conv. pref. stock.
Copper & Brass Inc.—Directors recently deferred payment of
dividends on the 7% and 5H% cum. pref. stocks.
A dividend of $1.75
per share was paid on account of accumulations on the 7 % pref. stock on
Dec. 20 last, and a dividend of $1.31 H Per share was paid on the 5%%
pref. stock on Dec. 20 last.

Revere

the common shares at this time.

A dividend of 15c.

a

share

was

paid

March 1 last.

Ruberoid Co.—No action taken on May 24 on the payment of a common
dividend for the second quarter of 1938.
One of 15c. a share was paid
Dec. 20 last.

Saco-Lowell Shops—No action on the payment
the capital stock.

A dividend of 50c. a

of a dividend at this time
share was paid on Feb. 1 last.

Publishing Corp.—Dividend ordinarliy due at this
time on the convertible preferred stock omitted.
On March 1 last a
regular quarterly of 75c. a share was paid.
Simonds Saw & Steel Co.—Dividend of 10c. a share on the new no par
common shares, payable June 15.
One of 20c. a share was paid on March

Simmons Boardman

15 last.

Sivyer Steel Casting Co.—Dividend on the common stock reduced from
25c. a share to 12Hc. a share, payable June 10.
Sloss -Sheffield Steel & Iron Co.—Dividend on the common stock reduced
from $ 1.50 a share to $ 1. a share,

payable June 21.

Soundview Pulp Co.—Dividend usually paid at this time on the common
stock omitted.
Regular distributions of 25c. a share were paid in pre¬
vious quarters.

South Porto Rico Sugar Co.—Dividend on the no par common stock
reduced from 50c. a share to 25c. a share, payable July 1.
from $1.50 a

March

on

1 last.

21 last.

Waldorf System, Inc.—Dividend on the no par common stock
from 20c. a share to 10c. a share, payable on July 1 next.

decreased

_

Supply Co.—Dividend on the common stock reduced
share to 25c. a share, payable June 1.

Auto

from 40c.

a

Willson Products, Inc.—No action taken on the payment oia dividend
on the $1 par common stock at this time.
One of 15c. was paid on
March 10 last and previously regular quarterly dividends of 25c. a share
distributed.

were

Wolverine Tube Co.—Action deferred on the dividend ordinarily due at
on the 7% cumulative preferred stock of $100 par.
A regular
quarterly dividend of $1.75 a share was pa'id on March 1 last.

this time

Youngstown Sheet Door Corp.—No action on the payment of a dividend
on the no par common stock at this time.
A dividend of 25c. was paid
March 15 last.

Yukon Pacific Mining Co.—No dividend action taken at this time on the
common stock.
This company formerly known as the Yukon Gold Co.

dividend of four cents a share on March 25 last and nine cents on

a

Dec. 22, 1937.

COURSE

.

St. Louis Rocky Mountain

at this time on the common
share

was

OF

THE

STOCK MARKET

& Pacific Co.—Dividend ordinarily payable

shares omitted.

distributedlonlMarch 31, last.




A regular quarterly of 25c.

DURING MAY,

1938

Weighed down by the low state of business and the un¬

promising outlook for immediate improvement, stock prices
declined in May for the second

fair

had

market

The

success

month out of the last three.
in

rallying

the first

in

10

days of May, but thereafter the course of prices was down¬

fore

the

of the month

part

The advance in

interruption.

ward without any important

to a dead stop as the

came

April recovery.
of prices to break through the high of their

price level attained the highest point of the
This inability

to

together with their subsequent failure

rebound,

above their low- at the April month-end,

stay

pessimism

of

resurgence

in

speculative

the

But

inactive

May

to

a

market was

very

not

only weak,

low for

low for

any

any

it was also

The turnover

degree.

marked

New York Stock Exchange came to only
new

caused a

investment

and

:

circles.

in April

on

the

14,004,244 shares, a

month since September, 1934,

May since 1924.

17,119,104 shares

and a new

The volume compared with

18,549,189 shares in

and with

The low ebb of trading is thrown into the
relief when set alongside the 104,213,954-share turn¬

1937.

May,

boldest

May, 1933.

in

over

trading showed up even more poorly, for the turn¬

Bond

in the Stock Exchange's

over

bond department totaled only

$121,156,000 par value in May, the smallest volume for any
since

month

July,

1918.

The total

compared with $139,-

715,000 par value in April, $169,432,000 in March, and

$179,-

Government securities accounted for
$6,844,000 of the May volume against $18,832,000 in April;
domestic bonds, $96,654,000 against 102,133,000, and foreign
bonds, $17,658,000 against $18,750,000.
The amount of bond
trading on the Stock Exchange, it should be noted, is not
the significant figure that
it used to be.
Its principal
significance nowadays inheres in the indication it gives of

649,000 in May, 1937.

the commissions accruing to Stock Exchange

execution of orders in listed bonds.

members from

Over-the-counter deal¬

ings in government securities are many times larger these
days

than

those

going

through

the

Stock

Exchange's

mechanism.

whole,
The index

It remains to be added that, taking the month as a

share to 75c. a share, payable July 1.

Spencer Trask Fund, Inc.—Dividend on the capital stock of $1 par value
reduced from 10c. a share to 5c. a share, payable June 15.

a

on

Wagner Electric Corp.—No action taken on the common stock dividend
due at this time.
A distribution of 25c. a share was made on March

Southwest Natural Gas Co.—Dividend on the $6 pref. "A" stock decreased

^

.1

•

Vogt Manufacturing Corp.—No action on the payment of a dividend
on the common shares at this time.
A distribution of 20c. a share was

Reynolds Metals Co.—No action taken on the payment of a dividend on

on

•

.

of 25c.

cumul.

Raybestos-Manhattan Co.—Dividend on the no par common stock de¬
creased from 37Hc. a share to 15c. a share, payable June 15.

on

common

previous

the no par common stock

payable June 30.

Quaker State Oil Refining Corp.—No action taken on the payment of
the dividend ordinarily due June 15 on the common stock
A regular
quarterly of 25c. a share was paid on March 15 last.

on

Corp.—Dividend on the no par common stock
a share, payable June 15.

Co.,

Inc.—No action

regular quarterly of 50c. a share were paid on Dec. 20 last.

Public

stock decreased

.

Equipment Co.—Payment of a dividend ordinarily due at this
the $1 cumulative preferred stock omitted.
A regular quarterly
a share was paid on March 15 last.

Victor

June, since which time regular quarterly dividends of $1.25 a share were
paid up to and including March 1,-last.

a

common

payable July 1.

share to 12He. a share,

Pacific Tin Corp.—Dividend on the common
a share to 25c. a share, payable June 24.

60c.

par

no

<

Vapor Car Heating Co.—Dividend on the no par common stock reduced
from 50c. a share to 25c. a share, payable June 10.

Oxford Paper Co.—Dividend ordinarily due at this time on the $5 prefer¬
ence shares omitted.
Company resumed payment on this stock last

Park

the

March 2 last.

paid

the $12.50 par, common stock reduced from
payable June 15.

the

on

■

Alloys Steel Co.—No action on the payment of a dividend
stock at this time.
One of 60c. a share was paid on

Vanadium

on

Ohio Oil Co.—Dividend

share, payable June 1.

Inc.—Dividend on the 6% non-cumulative
preferred stock of $100 par, decreased from $6 a share to $3 a share and
became payable May 28.
Paperboard

Western

Inc.—Dividend on the $5 par common

share to 10c.

a

a

Co.—Dividend

Carr-Fastener

made

Newmarket Mfg. Co.—Dividend ordinarily due at this time on the no par
capital stock omitted.
One of 50c. a share was paid on Feb. 15 last.
New York Air Brake Co.—Dividend due at this time

30c.

stock reduced

the no par common

on

reduced from 30c. a share to 10c.

on

July 1.

share to 25c. a share, payable

National Transit Co.—Dividend

New

March 15 last.

Sugar Refining Co. of N. J.—Dividend on the common stock

reduced from 50c.

NeUner

on

a snare to

from $1 a share to 75c. a share,

payable June 21.

National Pressure Cooker Co.—No action with regard to the payment
of a dividend on the common shares at this time.
A regular quarterly

National Container

Co.—Dividend

the

bond market made

of bond
a

of

rise

1.78

some

progress

in May.

prices compiled by the New York "Times" showed
May compared with a decline

of 0.27 of a point in

points in the same newspaper's

stock index.

The

■

16

MONTHLY

turnover

in

stocks

in the

first five months of 1938

footed

to only 92,797,143 shares, a new low for the comparable
period for the last 17 years.
In the Stock Exchange's bond

np

department the volume of turnover in the first five months
was $723,806,000 par
value, a new low for 20 years.
In

the

May

market

the

public

utility

weak than the industrials and rails.
which the

that

stocks

less

were

The greater resistance

utility issues generated derived from indications

the

industry and the Securities and Exchange Com¬
mission were making some progress toward a
meeting of
minds

the

on

adjustments that will be necessary for

com¬

pliance to the "death sentence" provision of the Public
Utility Holding Company Act.
Moreover, Congress moved,
with

the

apply

apparent

certain

acquiescence

restrictions

of

the

the

on

Administration, to

government-subsidized

competition for the public utility industry.
Congressional
announced on May 23 that
steps would be taken
to provide that no Public Works Administration
funds could
leaders

be used

for municipal construction of
power plants unless
fair offer had been
previously made by the municipality
for purchase of existing facilities and had been
rejected

a

by the private company.
after

came

the

The pressing of this restriction
& Light Co. had voted on

National

Power

May 19 to sell its interests
the

to

the compromise reached
tion

with

the

completely
not

further

over

public utility

satisfactory,

companies

power

in the Knoxville, Tenn., area
Authority for $7,900,000.
While

Tennessee Valley

it

government

industry
did

at

competi¬
far from being

was

least

give

the

private

some assurance that the government would

duplicate their facilities ruthlessly and throw them out

of business.

May 12 to 137 May 27, with the close May 31 at 137%.
Westinghouse Elec. & Mfg. was at its lowest May 2 at 67%
and at its highest May 11 at 82, with the close
May 31 at

69%. Consolidated Edison Co. of N. Y. moved up from 20%
May 2 to 26% May 11, with the close May 31 at 22%.
In
the railroad list, New York Central was at its
highest
May 11 at 14% and at its lowest May 27 at 10%, with the
close May 31 at 10%.
Delaware & Hudson dropped from
12% May 11 to 8 May 27, with the close May 31 at 8%.
rose from 59% May 2 to 68 May
11, with the
close May 31 at 61% bid.
Southern Pacific was at its
highest May 10 at 14% and at its lowest May 26 at 9%,
Union Pacific

the close May 31

with

shares

also

notably

were

the

on

firm

side

in

the early part of the month.
In fact, the index of rail
shares bettered its April high early in May and seemed to

better

ministration

things

in

the

immediate

future.

The

Ad¬

busying itself with plans for ameliorating
the plight of the railroad companies.
On May 11 the House
Banking and Currency Committee approved the bill author¬
was

izing the Reconstruction Finance Corporation to make loans
to the railroads for equipment and
maintenance, following
approval of a similar bill by the Senate Banking and Cur¬

rency* Committee

week

a

roads strove to do

by

labor

organizations

notifying

earlier.

And

May 12 the rail¬

on

something themselves to solve their prob¬
the chairmen of the various railway

lems

side

of

their

intention

to

reduce

wages

by

this situation was the depressed state of rail issues.
Improvement among industrial and public utility groups of
first grade has occurred, exceeding the
peak of January,
for

1937, which established

Wagner

was

instrumental

in

hav¬

ing the RFC railroad loan bill taken off the Senate calendar
on May
19 and returned to committee for amendment to
prohibit loans

to

railroads

proposing

wage

On

cuts.

the

following day House leaders decided against consideration
With

that

RFC railroad

the
a

loan

bill

during the current

session.

Railway Labor Executives Association asserting

nation-wide

strike would

be called

made and the Administration

was

shying

if

the

wage

away from

cut

taking

any remedial action for the railroads at the present session
of Congress, it seemed
obvious that the carriers would
not be able to contribute

substantially toward

revival.

a

business

in this

Government

wise,

of

obligations, and a considerable number, like¬
domestic corporate and foreign government bond

prices:
First
Government Bonds

Range for May 1938

Treasury 4%a
Treasury 3%b—

Sale

1947r1952

Highest

May 31

109.19

118.4

May

109.11

109.7

May

118.18 May 24
109.20 May 13

1944-1954

Treasury 3^s...

Treasury
Treasury
Treasury
Treasury
Treasury

Lowest

1943-1945

*

Treasury 4s

Treasury
Treasury
Treasury
Treasury

Last

Sale

May 2

114.5

113.25 May
112.8
May

114.12 May 24
113
May 24

1946-1956

3%b

1943-1947

109.30 May

110.6

3s

1951-1955

106.1

105.29 May

3s

1946-1948

107.11

107.5

106.11 May 21
107.20 May 20

1940-1943

106.15 May

1941-1943

May

May 19

106.20 May 18
107.25 May 24
108.11 May 21

108

107.20 May
107.22 May

1949-1952

107.26 May

108.3

107.30 May
109.6
May

108.5

May 19

1944-1946

109.11

,.1955-1960

103.28

103.24 May

104.8

..1945-1947

106.4

106.7

1948-1951

104.7

105.20 May
103 28 May

2%a

118.15

104.11

rioX
106.8
107.17

May 19

1941

1946-1949

1951-1954

103.8

2 Ms

1956-1959

102.28

2 Ms

1949-1953

101.16

2%b

1945

2 Ms
1948
Federal Farm Mortgages—
3 MS
1944-1964

109.19 May 20

May 20
May
4

107.25
108.6

108".#"
109.16
104.2

106.2

104.11 May 26
103.11 May 20

10~3~.8~

103.5

102.27 May
102.22 May

103.2

May 23

105 15

101.10 May
105.8
May

101.26 May 21
105.18 May 13

103.18

103.6

103.22 May 21

May

3s

1944-1949

105.10

105.18 May
105.10 May

3s

1942-1947

105.13

105.10 May

2 Ms

1942-1947

105.14

3 106.12 May 27
2 106.4
3 106.1

May 31
May 20
May 13 104.26 May 21

104.7

101.18

106.4
106

Home Owners' Loan—
3s series A___

1944-1952

105.11

105.10 May

2Mb series B

1939-1949

102.30

2 Ms series G

1942-1944

103.7

102.25 May
103.1
May

Opening

The

bill

softened

materially the harsh provisions of the undistributed profits
tax and the capital gains tax.
But the wage and hour bill
lease

new

on

life

and

was

sent

to

conference

3 106.10 May 31
11 103.2 May 24
6 103 .20 May 27

its

currency

again

Cabinet resigning on May 13.

May 5, and the Belgian
The most encouraging devel¬

on

Range for May, 1938

106.10
103

Argentine external 4^s

.

<971

Australia 5s of 1925

90%
104%

Austrian

1957
(Govt.) 7s
Belgium (Kingdom) 6%s.. .1949
Brisbane (City) 5s
.1957
Canada (Dominion) 5s
.1952

Czechoslovak 8s

-

-

-

-

99%
111%

,,1951

75

1941

101

French 7 %b stamped

German

Closing

Price

Price
Lowest

May 2

German
on

May 26, presumably for action before adjournment of the
present session of Congress.
Foreign news sent shivers
through world markets, with sudden tension developing
between Germany and Czechoslovakia on
May 21, France

devaluing

Foreign Bonds

short

was

without President Roosevelt's signature.

a

years

Rail securities weakened after this turn in events.

background against which security prices
on
encouragement
during May.
The
political background was streaky with light and darkness.
The new tax bill, approved on May 9
by the Senate and on
May 11 by the House, became law at midnight on May 27

took

some

to

remain at a low
In the following table we show, as usual, the fluctua¬
tions for the month in the different issues of United
States

The industrial

moved

high mark in

a

level.

Treasury 2Ms
Treasury 2Mb
Treasury 2%b

Senator

moved

market for the first 12 days.
However, after
period elapsed lower-grade bonds sold off and were
joined a week later by higher-grade issues, both showing
modest declines at the month's close.
Despite the progress
made for a month or more among high-grade bonds, aver¬
age higher prices must prevail to approach the peak reached
in January of the present year.
A factor largely responsible

darken

again.

Ohio

of the

3^s
Treasury 3^8...
Treasury 3%a...
Treasury 3%a
Treasury 3 Ms
Treasury 3%8

the

Baltimore &

this

15%, effective July 1.
Such a reduction in the basic wage
rate would mean savings of
$250,000,000 or more annually
for the hard-pressed carriers.
Shortly afterward, however, the rail picture began to

of

10%.

at

from 5 May 2 to 6% May 10, with the close May 31 at
5%.
Chesapeake & Ohio fell from 30% May 10 to 24%
May 26, with the close May 31 at 25%.
Southern Railway
was at its highest May 10 at 8% and at its lowest
May 27
at 6%, with the close May 31 at 7%.
Bond market prices during May inclined toward the
high
up

grade, while railroad securities continue

Railroad

promise

REVIEW

(Rep) 7s stamped.. .1949
(Govt) Internat 5 %b

stamped
Japanese Govt. 6 %a
5%s
New South Wales (State) 5s.

1965

80%
26

1954

73%

59%

1957

103

1963

100%

Queensland (State) ext 7s.. .1941
(City) external 6%s. .1952

65%

Norway 4s

Vienna 6s

99

111^
71 %
100%
30%
26

1965

Rome

90%
102%
30^
103%

fe 93% May 10
May 26 105 % May
5
May

35% May 10
May 25 106% May
4
May 27
99% May
May 26 113 % May
May 23 76
May
May
6 103 % May
May
2
31^ May

May

2

4 107

May 26

21% May 18

12
16

3
20
10

27% May 17

69% May 12 73%
57
May
6
60%
101
May 27 103
100% May
2 102
62

May 31

90%
103%

May 25

104% May

.1952

Highest

104%
-

-

-

-

111%
71%
102%
31

27

May

2

70

May

3

59

May

2

101

May 28

102

May 17

105

66 ^ May

5

63

22% May 14

opment in the home markets is the signs of revival in the
demand for

ing

those

capital issues, with May offerings exceed¬
April and the June total promising to be

Opening

new

in

exceptionally good.
Any record of the stock market in May would be incom¬
plete without mention of the fact that the

new

administra¬

Railroad and Industrial Bonds

Range for May, 1938

Allegheny Corp coll trust 58.1944
Amer & Foreign Power 5s...2030
Atch Top & S Fe gen 4s
.1995

Closing

Price

Price

Lowest

May 2
58
47 %

103

Highest

May

3

46
May
102^ May

70

May 31

2

May 11

54% May 10
2 107% May 16

60

48%
108%

Baltimore & Ohio 1st gold 4s_ 1948
Convertible 4%a
.1960

41

15%

15% May

Bost & Maine 1st 5s

20% May 10

15%

29

25

May 27

88

May 10

25

1950

59

59

May

77

May 14

1992
Chic Milw St P & Pac 5p A.. 1975
Chic & N W 4%b series A...1940

113

CCC&StL 4%b series E..1977

50

their terms to the accompaniment of a mutual
exchange of
felicitations with the SEC.

Erie ref & impt 5s of 1927...1967
Great Northern gen 4^s.-..1977
111 Cent St L & N O 5s
1963

As to the fluctuations in individual
stocks, United States
was at its highest
May 9 at 46% and at its lowest
May 31 at 39%, with the close on the latter day at 40%.

34%

2
10% May
71% May 26
88% May 28

Internat Paper 5s ser A <fc B.1947
Kan City Sou ref & impt 5s .1950

88

87

55

Lehigh Valley (Pa)

23

51% May 27
19
May 27

tion of the New York Stock

William

McC.

Martin

Jr.

Exchange took office

on

May 16.

elected

Chairman of the
Board of Governors and President
pro tern.
The reor¬
ganization of the Exchange's administrative personnel was
was

new

insisted

on

by

the

SEC, and the incoming officers began

Steel

Steel, preferred, was at its highest May 12 at 99 and at its
lowest May 31 at 91%, with the close on the latter day at
92%.
American Tel. & Tel. rose from 125 May 2 to 133
May 10, with the close May 31 at 128.
General Electric
moved down from 37% May 10 to 30%
May 31, with the
close May 31 at 31.
Allied Chemical & Dye fell from 152%




ser

A-C.1967

Brooklyn Union Elev 5s
Chesapeake & Ohio 4%b

_

cons

5s._2003

80% May 31
2

2

89%

112% May 27 115% May 10

m
4%

X

10%
72%

8% May
2
4% May 27
47

May 23

May

3

Mo Kan Tex cum adj 5s
1967
New York Central 3%B
1946
N Y C & St L 4Hs series C..1978
N Y N H & H 1st ref 4HS...1967

65 %
34

14
May 27
64% May 28
27% May 26

14%

14

N Y Ont & Western ref 4s... 1992

7%

Northern Pacific 4s

47% May 10

15%

1997

Pennsylvania RR deb 4^s..l970

78%

Conv deb 3 Mb
...1952
Warner Bros Pictures 6s
1939
Western Maryland 1st 4s...1952

74%

79~

May 27
7% May
2
78% May 25
75% May 27
71
May 28
72
May 28
77

May 31

10% May 11
5% May 11
May 12
15% May 11
77
May
7
40
May 10
90 % May 13
62
May 10

8%
4%

56

12"

34_"

26% May 11

19% May 11

68% May
44
May
17% May
9% May
86
80

76
83

10

28%

12
10

May 11

82% May

14%

12

7
May 12
May 10
May 10

~7%
79

76%
71K
72%
77

>

/

June, 1938]

Month of

Jut.

THE

ON

BUSINESS

OF

VOLUME

6 Months

5 Months

4 Months

90 Days

60 Days

30 Days

30,439,671
$

8

$

$

Bond sales (par value)—

Rates on Mixed Collateral

1935

1936

20,613,670

18,549,189

14.004,244

RECORD OF TIME LOAN RATES

DAILY

EXCHANGE

STOCK

1937

1938

May

Stock sales—No. of shares

96,654,000

Jan. 1 to May 31

U. S. Government.....

—

8

8

868,026,000
165,087,000
378,489,000

550,179,000 1,105,525,000 1,289,691,000
147,227,000
166,841,000
105,459,000
130,904,000
253,089,000
68,168,000

—

munlc. & foreign

Total bond sates.

102,511,960

239,325,893

8

8

Bond sales (par value)—
Railroad and miscell-

212,421,734

92,797,143

Stock sales—No. of shares

1
2...

14

14

14

3

14

14

1>4

14

14

14

4

14

14

14

14

14

May

5

14
14 '/

14

14

14

6...

14
14
14-

14

14

14

7...

May

8...

May

284,155,000

200,410,000

179,649,000

121,156,000

Total bond sales...._

16,013,000

May

May

21,103,000
20,601,000

May
May

188,534,000
33,781,000
61,840,000

160,832,000
23,565,000

137,945,000

17,658,000
6,844,000

U. S. Government

May

May

Railroad and miscell.—

State, munlc. & foreign

State,

17

MONTHLY REVIEW

9

;

.

14-

14

14

•

14
14

Satui Jay

,

Sun Jay

14

14
14

14

14

14

14

14

14

14

14

14

■

14

14

14

14

May 10...
May 11...

■

14

14

■
■

14

14

14

14

14

14

14

14

14

14

14

14

14

14

14

14

14

14

May 12...

14

14

May 13...

14

723,806,000 1,525,455,000 1,567,822,000 1,411.602,000

..

SUIJ Jay

V

Satur Jay

May 14...

y

Sun day

May 15...

"'v;;

/

Month of

1938

May

8

Bond sales (par value)—
Domestic.

Foreign

6,382,763

4,703,382

8

8

8

•

14

14

14

14

14

14
14

14

14

14

14

14

14

14

14

14

14

14

14

14

14

14

May 20...

5,067,156

May 21

48,231,000
1,459,000

328,000

508,000

994,000

Sun day

14

14

14

14

14

14

14

14

14
14

14

14

14

14

14

14

14

14

14

14

May 24..

.

■

118,699,000

50,684,000

31,329,000

33,214,000

/

14

May 27...

14

8

$

*

$

(par value)—

20,534,768

69,603,559

61,683,952

17,229,426

M

Foreign government...

3,112,000

Foreign corporate.....

2,719,000

6,794,000

5,508.000

140.043.000

227.543.000

421,557,000

522,765.000

215,219,000

Total bond sales..

.

407,272,000

6,530,000

134,212,000

.

8,777,000

THE MONEY MARKET DURING

A

rise

further

in

sharp contraction in outstanding

MAY, 1938

bank

member

excess

and a

reserves

commercial, industrial and

of the
Following last

agricultural loans were the only important features

its

during

market

money

month's

total,

past

month.

position,

Commercial paper was

movement

inward

of

gold,

rose

further

1.

14

14

due to smaller

borrowings resulting from the continued recession in gen¬
eral business and industrial activities.
Dates 011 average

grade prime four- to six-month paper remained at the previ¬
ous range of %% to 1%.
Under date of May 11, the Fed¬
eral Deserve Bank of New York announced that returns
from

received

commercial

paper

showed

dealers

a

total

outstand¬
30 compared with $296,600,000 at the end of

$271,400,000 of open market commercial paper

of

ing

April

on

the end of April, 1937.

and $285,000,000 at

March

RATES FOR

MONEY AT NEW YORK

to

$1,500,000,000 at the end of March, 1938.
Total com¬
borrowings during the first three weeks of the
month decreased over $100,000,000, reflecting a further abate¬
ment
in the demand for credit for business purposes.
While
member bank holdings of government-guaranteed

y

again in active demand by bank

Week Ended—

April 20

$2,040,000,000 June 1 compared with $2,490,000,000

■

but available supplies decreased,

investors,

result of Treasury expeditures and another

as a

substantial

the

enhancement in the excess reserve

huge

'

14

14

14

14

31

v

day

;

Holl day v

."v V:

May 30...

509,649,000
7,915,000
5,2ul,u00

.

,

Sun day

May 29...

Stock sales—No. of shares
Domestic

:■

Satur

May 28...
Jan. 1 to May 31
Bond sales

14

14
:

May 23...

1,115,000

'

day

Satur

—_

May 26...

To.tal bond sales

■

May 25... :«•!

970,000

corporate.....

14

May 22...

30,259,000
562,000

116,614,000

,576,000

32,310,000

_•

Foreign government...

14

May 19.

1935

1936

r; 1937

2,802,525

Stock sales—No. of shares

May 17...

May 18

THE CURB EXCHANGE

ON

BUSINESS

OF

VOLUME

14
14

May 16...

May 7

May

14 May 21 May 28

and

mercial

obligations experienced a sharp rise, a simultaneous decline
of investments in other than government securities as well

redemptions, prevented any
material increase in total investments.
Gold imports during
as

substantial

the month

bill

Treasury

of Treasury

volume

reduced

bills,

yields

on

all

issues again receded, with the shortrate falling almost to the vanishing

classes of government

Treasury

term

bill

point, namely, 0.025%, compared with 0.04% at the end of
April.
At the same time average yields on three- to fiveyear Treasury notes declined from 0.82% April 30 to 0.71%
May 28, while average yields on longer-term Treasury bonds
receded from 2.32% to 2.30%.
On the Stock Exchange the
rate

loans showed no change from the long-estab¬

for call

figure of 1%.

lished

1@1

1@1

1@1

1

1

1

1

14

14

14

14

and Indus, collateral)..

(mixed and Indus, collateral):

Thirty days

-

Five months^............

—

14

14

14

1 >3

14

14
14

14
14

14

14

Four months

14

14

14

——

14

14

—

Ninety days..

14

14

Sixty days

Six months.

;

Commercial paper:

14

.

Double and single names:

months

Prime 4 to 6

4@1
4dpl

-

Good 4 to 6 months

from Japan,

and 'the

Indus, collateral)..

1@1

14

Range for week (mixed and
Week's average (mixed
Time loans

aggregated $28,890,000, of which sum $22,100,000

$2,900,000 from England, $2,400,000 from
Australia, and $890,000 from Belgium.
Including the re¬
lease of $2,700,000 from foreign earmarked accounts, and
the usual receipt of newly-mined and scrap gold, the total
gold stock of the country increased by approximately $50,000,000 to a new high record of over $12,900,000,000.
Gov¬
ernment financing was limited to four weekly Treasury
bill issues of $50,000,000 each.
As weekly maturities aggre¬
gated, however, $100^000,000, a further reduction of $200,000,000 in the outstanding amount of Treasury bills was
Discount holdings of the 12 Deserve banks
accomplished.
were
$8,414,000 June 1 against $8,471,000 April 27.
Bills
bought in the open market were virtually unchanged at the
negligible figure of
$534,000 June 1 against $550,000
April 27.
Total member bank reserves increased further
from
$7,G61,269,000 April 27 to $7,744,949,000 June 1.
Deflecting the further rise in the amount of idle reserves

came

Call loans on Stock Exchange:

4@1
4(" 1

Vx%l
.

<.

1

4@1
H@1

remained inactive as the
available bills continued to fall far
investment demand.
Outstanding acceptances,
the monthly survey of the Acceptance Analysis
Federal Deserve Bank of New York, totaled

Trading in bankers' acceptances

shrinking

supply

the

short of

according to
the

of

Unit

of

$278,707,940 April 30 against $292,742,315 Maxell 31, but
$395,031,279 April 30, 1937. With the exception of domestic
shipment bills, which slightly increased jfrona $8,301,601
March 31 to $8,679,552 April 30, all other classes of bills
showed declines, with import bills decreasing from $90,
976,797 to $85,758,547; export

bills from $74,703,281 to $70,-

domestic warehouse credits; from $54,573,468 to
$50,999,654, and bills based on goods stored in or shipped
between foreign countries from $62,372,373 to $61,279,757.
Of the outstanding amount of bills, accepting banks held
a total of $229,130,102, consisting of $140,616,389 own
bills
and $88,513,713 bills of others.
Dates for bankers' accept¬
ances remained unchanged at %%
bid and 7/16% asked
for 30-day, 60-day and 90-day bills, at 9/16% bid and ^%
asked for 120-day bills, and at %% bid and 9/16% asked
for bills running 150 and 180 days.
The New York Federal
502,029;

PRIME

BANKERS'

ACCEPTANCES

Call Loans

180 Days
150 Days
120 Days
90 Days
60 Days
30 Days
Bid & Ask Bid dk Ask Bid & Ask Bid & Ask
Accept' ces Bid & Ask Bid <fc Ask

Secured by

May

Sunday

l"_.._

t

'

4a9\t

Low

Renewal

High

Low

Sunday

-

(,•

> '

■

2

EXCHANGE

High

Renewal

1

1

1

1

1

1

May

2
3
4
5

May

6...

May

7—.

Saturday

May 23..

1

May

8...

Sunday

May 24..

1

1

1

May

9...

1

1

1

May 25..

1

1

1

May

10.—
11...

1

1

1

May 26..

1

1

1

1

1

1

May 27..

1

1

1

12
May 13-.May 14...
May 15...

1

1

1

May 28..

1

1

May
May

May

May

May

'

1

1

—

1

1

V

1

May 22

*xta4

%a916

4a9n

4a7\t

9ita4

^a8i»

4aht

4a7it

8i ta4

4a9 ie

4 a91«

4a7it

8i ta4

hta4

4a9n
4a9 it

4a9n

4a7 it
4a7\t
4a7it

9i ta4

4a916

8i ta4

4a'it
4a» it

4a7\t

9ita4

4a'it

4aht

4a9 u
?^a8i«

4a9n
4a*it
4a> it

4a916

4a9x%

4a7\t
4 a7 it
4a7it

5—

Saturday

Sunday

4a7it
4a7it
4a71«
^a7i«
4a7it

9
.....

12....
1

13

Sunday

14

1

16—

4a7n
4a7it
4a7tt
4a7 it
Ho'it

/w_

17—

'w

'

20-..21

loan

rates

—

nominal quotations

security collateral continued

cerned

the

were

sought

and

renewal of older loans.




at

the

of 1*4% for 60- and 90-day loans and

IV2V0 for loans running six months.
tinued small volume of trading in
accommodations

4a71«

4a7n

Hta4

4a7it

4a7\t
4a7\t

8i ta4

4a7\<

9ita4

4a7 it

9ita4

4a71«
4a7u
4a7n

..

Deflecting the
securities,

most

few

transactions

con¬
new

con¬

9ita4

4a911

Sunday

22

on

4a91«

Saturday

4a711
4a7it
4d7i t

23....

Time

4a9\t

Sunday

15—

19..-.

1

4a716
4a7 u
4a716
4a7it
4a718

Saturday

18

1

1

4a916

4a7it

11--.

1

1

4a9it

10

Holiday

May 30..
May 31..

1

1

Saturday

May 29—

Sunday

%a91«

8i td.4

8-..-

Saturday
Sunday

__

8xta4

4a7it

7

1

1

1

May 21..

Saturday

16

1

19_.

May 20..

1

1

1

•

May

1

1

1

1

1

1

,

1

1

4a7 it

4a7\t
4a71«
4a7 it
4a71«

6

17..

May 18..

May

1...

May

*1

4a,7 u

4a7 u

4

May

—

4^16

3....

CALL LOAN RATES ON THE NEW YORK STOCK

24—
25
26—

27—

_

„

■

4a716
4a7it

4a7 it
4a7 it
4a716

4a7it
4a718
♦

4a9 it

4a7 it

8i ta4

4a7 it
4a7it
4a7 it
4a7it

8i ta4

4a9 it

8i ta4

4a9\t

9\ta4

4a9it

5ia9it
4a9 ii
4a9 it

9isa4

4aht

4a*i»

9ita4

4a9\t

4a9 it

28

Saturday

29

Sunday

Holiday

30

31

—

4a7It

4a7 it

4a7n

18

MONTHLYV REVIEW

Reserve

Bank,

ditions in

"In

in

its

"Monthly

tlie market for

Review,"

bankers'

discussed

acceptances

as

con¬

follows:

bill

the

market, the active investment demand also
remained largely unfilled during May, because of the small
bills coming into dealers' hands.
A further

amount of new

$14,000,(XX)

decline

in

April

reduced

the

total

acceptances outstanding at the end of the month
to $279,000,000, the smallest amount since 1910.
Declines
about

during April

70%

in most
decline from

of the

for by reductions in
RETURNS
f

types
a

of

year

acceptances,

ago

but

accounted

was

import bills."

OF

THE FEDERAL

BROKERS'

LOANS

IN

RESERVE BANKS—

NEW

YORK

.

CITY

The. Federal Reserve statistics during May gave reflec¬
ixrimarily to two influences bearing on the banking-

the

One

volume

was the

bank

of

effect of the business depression

credit;

banks

still

to

Taking
that

in

bank

further

these

was the attempt of
Treasury to stimulate member

weeks

bank

to

to

in

up

reserves

in

of

out

came

gold

in its possession

April the Treasury caused

called for
with

the

be

to

deposit of

the Reserve

banks

In

the five weeks

in

cutting

redemption

for

$1,400,000,000 of

some

a

process

which

corresponding increase

a

the Treasury

review

balance

with

the

was

Reserve

engaged

banks

by

of Treasury bills and by expenditures in the
of its business.
But in spite of its zealous

regular course

efforts to shift funds from its

to member bank reserve

own

account? the Treasury had cut down its balance with the
Reserve; banks only to a total of $1,092,819,600 as of June 1.
Excess reserves of member banks increased $60,000,000
in

the five weeks to

total

a

of

$2,640,000,000,

new

a

record

high since Aug. 12, 1936, three days prior to the first of the
series

which

with

is

of increases

bank

ascribable

reserve

reserves

requirements.

rose

in

the

to expansion

part

The slowness

period under review

of

$114,000,000 in cur¬
circulation which, took place, for member banks had

rency
to

in

in

dig into their

for funds with which to acquire

reserves

the currency from the Reserve banks.

In part, too, the slow

rate of

was

ratliei-

rise in

member

bank

reserves

traceable to the

substantial] payments which

were made to the Treas¬
various accounts during the five weeks.
For one
thing, another instalment on social security account fell
due in May, calling for surrender to the Treasury of $104,ury

on

822,283.

For another, two government agencies, the Com¬
modity Credit Corporation and the Federal National Mort¬
gage

Association

Corporation),
sold

(organized by the Reconstruction Finance

received

for

payment

$229,000,000

of

notes

Finally, member banks, particularly in New
continued the practice of voluntarily giving up
government deposits arising from subscription to Treasury
issues.
In the five-week period government deposits of the
publicly.

York City,

York

New

reporting
that

City

banks

declined

use

increased

five weeks, adding a like amount
bank

$113,000,000 for

reason.

Federal Reserve credit in

But the

reserves.

deposits and other

corresponding

rise

of

$7,000,000 in the

to the supply of member

$46,000,000 in non-member

Federal Reserve accounts subtracted

amount

bank

from

The

reserves.

a

Reserve

banks, following the reduction in reserve requirements in
April, took no further affirmative action to intensify the
ease

in

made

the

no

contenting
Bills

member

change

in

itself with

discounted for

industrial
make

bank

advances

reserve

its portfolio

the

position.

of

member

The

government

replacement

declined

of

System

securities,

maturing

bills.

banks declined $57,000, while
$155,000' and commitments to

advances

rose
$405,000.
The monetary gold stock
$58,000,000 to a new record high at $12,918,000,000, but the Treasury deposited no more gold certificates

increased

with

the Reserve banks.

In

fact, the System's holdings of

decreased
$3,011,000 in the five-week
The increase in the Treasury's free gold was mainly
responsible:,for the rise of $62,000,000 in Treasury cash,

gold

certificates

pefiod.

while the continued paying out of silver currency and coin
into circulation led to a further expansion of $13,000,000 in

Treasury currency.
If -the monetary

increase in

!

reduction in member bank reserve requirements, the
policy could be said to have worked only in reverse.
The
reporting New York City banks suffered a $225,000,000 de¬
the

cline in their loans and investments in the five weeks from

April 27 to June 1.
Of this decline, liquidation of loans
accounted for $123,000,000, with loans to commerce, indus¬
try and agriculture showing the largest decline—$80,000,000.
Holdings of open
market paper decreased
$10,000,000.
Loans to banks, however, increased $6,000,000, and other
loans were

up a

similar amount.

held

accountable

New

York

of

for

banks' holdings

because




of

The Treasury's policy of

bills

every week must be
shrinkage of $113,000,000 in the

the

Government-guaranteed

mainly

discount

of direct government

securities

subscriptions to

from

were

the

securities.

$148,000,000,
|
offering of Com¬ |
up

their

loans

$212,000,000

a

investments

in

the

five

re¬

weeks

April 20 to May 25, with loans lower by $240,000,000
investments

and

and

$28,000,000 net.

up

Loans to

commerce,

industry and agriculture decreased $177,000,000, while direct
government securities
declined
$55,000,000, government-

guaranteed issues increased $206,000,000, and other securi¬
$123,000,000.
Demand deposits adjusted
expanded $246,000,000, and deposits of domestic banks were

$152,000,000.

up

New York City reporting bank loans to brokers and deal¬
ers
declined $44,000,000 in the five weeks ended June
1,

reaching

total of $472,000,000.
Street loans, as compiled
Stock Exchange, declined $7,402,624 in

a

the New York

May to a total of $459,363,905,
The

market

lower

at

value

of

all

a new

listed

low since May 1, 1933.

shares

$1,280,152,972

was

$34,584,614,803.
COURSE OF STERLING

EXCHANGE IN MAY

Sterling exchange and all the world's leading currencies
turned sliarply downward during May, while the dollar was
favored.
The decline in sterling and the
European units
was due entirely to
uneasiness over political developments
.

Continent and

the

on

to

fears

existing between Germany
to

The extreme

war.

readily

that

and

ease

which

from the fact that

seen

the

critical

Czechoslovakia

situation

might lead

developed in sterling is

April 18 the pound was
quoted in New York at $5.01 5/16 and declined
persistently
during the rest of April and throughout May to a low of

$4.93 7/16
to

pay

May 25.

on

pre-Easter
for

In the first half of April, during the
was a strong demand for dollars

imports of merchandise

excess

business

pean

on

period, there

this demand could not

pessimistic

as

and

in

Europe, but

give firmness to the dollar

investment

interests

were

Euro¬

as

extremely

to the business situation in the United States.

Only the continuance of forebodings regarding business on
this side prevented
sterling from moving higher in the
second part of April
after the commercial demand foxdollars
A

had

tei-minated.

crisis

new

developed in the French franc early in
May, and it became evident that France was powei-less to
the pressure on the unit.
The London check rate
Paris fluctuated widely.
On May 5 the French Cabinet

overcome
on

tli#> depressed franc quotations

recognized

decree to devalue the unit
to

the pound,

early

on

May

standstill

foreign

as

it

For

exchange

was

decided

and

by

de facto basis of 179 francs

a

2.79c. per franc.

or

of

part

virtual

a

few days in

trading

generally

feared

in

the

to

came

a

banking

circles that the de. facto franc devaluation
might cause seri¬
ous repercussions and
bring the tripartite
currency

ment to an

ington

and

agree¬

end, but official assurances from London, Wash¬
Paris that the French measure in no
way

invalidated the agreement restored
activity to the exchange
market and there was a
heavy movement of French francs
from Continental centers and a
funds from London to Paris.

nearly

two

weeks

and

was

marked outflow

an

This

trend

of

French

continued

for

factor

important

the

in

easing of sterling.

Extreme pressure on sterling and
Continental currencies did not
occur, however, until
when

the

May 21,

the

tion of

business world became alarmed
by the

mobiliza¬

Chechoslovakian troops

forces might march
upon
half of

and by fear that the German
Bohemia and Moravia, the western

Czechoslovakia which

is surrounded

on

three- sides

by German territory.

Although there was some demand for gold and dollars
London, the decline in the pound and the major
currencies

following

the

German-Czecli

any means represent a movement

United

States.

of

crisis

in

European
did not by

European funds to the

It

was
generally believed in foreign ex¬
change circles toward the end of
May that should political

conditions develop more
favorably in Europe, sterling would
again advance to around the
higher levels pi*evalent during
March and April.
The regular tourist demand was
expected
to prove an

important factor giving firmness to the
pound.
war
apprehensions, sterling was also ad¬
versely affected by the increasingly unfavorable trade bal¬
Aside from the

and the general
recognition

ance

authorities hoped to bring about a prompt
by the desterilization of gold and

bank credit

retiring $50,000,000

in

Treasury's de¬

with, the Federal Reserve banks.

.

under

the

reporting banks in 101 cities had

It will be recalled

desterilized,

and

the Treasury's balance

its

finds

like amount of gold certificates

a

in

down

one

April 27 to June 1, member
expanded by $83,680,000.
These

posit balance with the Reserve banks.
that

order,

reverse

The

duction

by

credit.

expand

from

balances

reserve

additions

efforts

influences

the five

on

the other

the Federal Reserve and the

posits

ties were lower by

tion

position.

borrowings, declined $135,000,000.
Demand de¬
adjusted increased $31,000,000, but time deposits
dropped $15,000,000.
;S

temporary

of

amount

bankers'

occurred

modity Credit Corporation notes, but other securities, as a
result of repayment of New York
City and New York State

apparently entering
not

be

a

offset by the

bank

that British industry was
period of sharp decline, which could
heavy rearmament program.
British

clearings not only in London but in the Provinces
continued to fall during
May as in April.
Commercial
loans of the great British banks
declined sharply.; Railroad

receipts moved down and British steel
output
est since the middle of
1936.
and there was no

was

the low¬

The sliai*es index moved down

indication of improvement in the British
New capital issues in London
showed a sharp
decline and of the new loans issued
which might have been
considered as of or
approaching gilt-edge character much
was left untaken in
the underwriters' hands.
The failure of business in the
United States to show an
upward trend or return of confidence had
export trade.

a

effect

on

depressing

British business, with the result that
during

there developed

May

a strong sentiment adverse to the conclu(Continued

on

page

118)

New York Stock

Exchange

MONTHLY AND YEARLY RECORD

RANGE OF BOND PRICES DURING MAY 1938

Jan. 1 to

May 31__.

1938

May

$179,649,000
1,525,455,000

$121,156,000
723,806,000

—______

Stock Sales

1937

1938

Bond Sales

.

Jan. 1 to

Shares

1937

14,004,244
92,797,143

May 31. v

18,549,189
212,421,734

the month, and when selling
No account is taken of such sales in computing the

NOTICE—Cash and deferred delivery sales are disregarded in the month's range unless they are the only transactions of
outside of the regular monthly range are shown in a footnote
range

in the month in which they occur.

for the year.

The tables

on

embrace every

19 to 40 furnish

pages

May, 1938, and the

range

a

security dealt in

on

complete record of the transactions on the New York Stock Exchange during
They need

since Jan. 1.

extended introduction,

no

indicate in each

The black-faced letters in the column headed "Interest Period"
In accordance with the rule
are

at

a

This method of quoting

sent one or more 32ds of a

Sales in

N.

Y.

PRICES IN

Price

May 2

1938

o

5,000

o

M

Ask

Registered
D
June 151943-1947
Treasury 3%a
D
Registered.
...............
Treasury 3a........Sept 15 1951-1955 M S
Registered....
............. M S

'eT.ooo
185,000

15

June

D

Ask Bid

Bid

Ask

117.25 118.11 118.15 Sale

Registered.........
Treasury 3%x
June
Registered......——

D

_

Dec 15 1949-1952

Treasury 3%a

M

8

M

Sale" mil

Sale

" 109719

Sale

"

112"

112~.il 11475

Sale"" 114711 Sale""

11079

lio~29 11272"

112.20 112 720

D

1

4

May

6 109,20

May 28 109.15
May
6 114.12

113.25

118.5

114

May

4

112.8

May

6 113

May 24 112.27
May

Highest

Sals Prices

May 24

116.4

Sals Prices

Apr.

118.18

May 24

4

117.7

Feb.

118.5

May

May 13
May 28
May 24
May
4
May 24

107.2

Jan.

109.20

May 13

107.14

Feb.

109.15

111.22

Apr.

114.12

May 28
May 24

112.17

Jan.

114

May

110.8

Mar.

113

May 24

110.12

Apr.

112.27

May 24
May 24
May 19

May

107.18 Sale

109.20 110.12 110.3

Sale

109.30

May 19

107.18

Jan.

110.6

109.28

May

6 109.28

May

6

107.15

Jan.

109.28

16174

10671

Sale"

105.29

May

6 106.11

May 21

103.26

Apr.

106.11

105.26

May

6 106

104.9

Mar.

106

107.5

May

6 107.20

May
3
May 20

105.2

Apr.

May

5 106.20

May

18

105.21

Apr.

4 106.20
14 106.14

Sale"

Sale

10678"

6 110.6

4

4

May
6
May 21
May
3
May 20

105710 Sale"

107711

106.9

Sale

106.12 106.28 106.16 106.31 106.15
106.14

May

t 106.14

May

9

105.28

Feb.

107

Sale"

107720 107724 107725

Sale

107.20

May

6 107.25

May 24

106.29

Apr.

8 108

Apr. 22
May
9
Apr. 22

107.3

Feb.

3 107.5

Mar. 21

165728 Sale"

108"

Sale

107.22

May

6 108.11

May 21

105.27

Apr.

2 108.11

May 21

105722 Sale"

107.25 108.16

m'.io 108710 107726

16673" May" 19

105.19

Jan.

105.20

107730

10875"

107.4

Sale

107717

Sale

107

D

I

I)

Registered....................... J D
Treasury 3%a..
Aug 1 1941 F A
F

.........

1944-1946

A

O

Registered

M

8

Sale

108.6

—

3%s
Mar
Registered.....

107.4

Sale

108.2

Sale

107.3

Sale

109.11 Sale

109.16 Sale

101.30 Sale

163.28 Sale"

10472"

1945-1947 MS

Sept 15 1948

15 1944-1964

Registered...

Jan.

3 108.13

Apr. 22

Apr.

6 107.5

Apr.

May 20
May 13

107

Jan.

109.19

i6

103.26 Sale

6

10672"

Sale

109.19

May

109.16

106.30

Jan.

109.16

May 20
May 13

103.24

May

104.8

Apr.

104.8

May 20

104.1

May 20
May 12

101.24

May

101.24

Jan.

104.1

105.20

May

106.7

May

4

103.25

Jan.

106.7

105.29

Sale"

May

103.24

10674"

109.6

May

105.31

103.25

Apr.

105.31

104.11

May
3
May 20

101.27

Apr.

104.11

May 12
May
4
May
3
May 20

May 20

166726
102.31

Apr.
May

mu"

May 17
May 23

100.14

Apr.

103.5

May 20
May 17
May 23

16177"

Sale

103724

104.10 103.28

May

10378"

Sale"

10378"

Sale

May

102.28 Sale

103.2

Sale

161716 Sale"

161718 Sale"

102.27
102.31

6 103.11
May 17 102.31

102.22

May

101.10

May

6 103.5

102.31
101.6

Mar. 21

99.18

Jan.

101.26

99.25

Apr.

100.27

105718 May" 13

102.14

Jan.

105.18

May 21
Apr. 26
May 13

i03.22"

May 21

101

Mar. 31 103.22

May 21

May 27

103.28

Jan.

28 106.12

May 27

16674"

May 31

101.6

165715

161726

May

2l

Apr.

105714 Sale"

10578" May"

103718 Sale"

103717 1047"

103.6

103.10 104

105.14 106

106.13 107

105.18. May

3 106.12

103725 Sale"

105710 Sale"

io674"

Sale"

i057ld May"

2

r~3 103730 Sale"

105713 Sale"

166"

Sale"

105710 May" "3 I667l" May" 20 103722 Jan7

104.9

105

104.10 105

104.7

105.lk

Sale

106.10 Sale

105.10

M S

3

Sale

May

6

M S

16674" May"6i

10374" Apr!"

....

Jan 15 1942 1947

27

I667l ~ May"20

104.16

Mar.

13 104.26

May 21

102.13

Apr.

104.26

May 21

106.10

May 31

103.9

May 17
May 24

105.9

Apr. 11 106.10
105.20
May

May 31

105.20

101.9

Apr.

...—

...Mar 1 1942-1947

2%s

105.20

Jan.

May

Corp—

Registered...........
4s

107730" May" "4 10875"

109.14

Sale

101.24 Sale

—May 15 1944.1949 MM

184", 000

May 19

Jan.

105.20 Sale

106.30 Sale

— --

Treasury 2%a
Registered

108.3

107.5

May 26

A

—

15 1955-1960

Treasury 2%a.......Mar

Federal Farm Mortgage

16,606

May

109.7

112.27

113.6"

Lowest

Sale Prices
9 118.18

May

114

Registered...........
........
195,000 Treasury 2H*
Sept 15 1948-1951 M~S 10271 Sale"
Registered...........—.........
351",000 Treasury 2%a
-June 151951-1954 j~D 100731 Sale"
1,000
Registered. .......
-326,000 Treasury 2M*
Sept 15 1956-1959 M S 100.30 Sale
Registered..........
.....
621",000 Treasury 2Ms......Dec 15 1949-1953 j~D 99723 Sale"
Registered
242,666 Treasury 2 Ms
Dec 15 1945 j~D 1027l 7 Sale
J D
Registered..........—
——

144", 666

Sale Prices

109.15

107A

7,000

151,000

RANGE SINCE JAN.

Highest

8

J

J

------

15 1944-1949

500,000 Treasury 2Ms....~Sept 15

266",000

MAY

118.4

D

160,000 Treasury 3%x
—Apr 15
3,000
Registered—............

10,000

1940-4?

I

—

Mar 15 1941-1943

Registered

718,000

which
repre¬

D

Registered.
Treasury 3%

5,000
Registered
129,000 Treasury 3Hs

170".066

on

118.5

116.22 Sale

S

176,000 Treasury 3s.......June 15 1944-1948

138,666

income bonds and bonds

Quotations after decimal point

are

Lowest

May 31

o

D
Registered.......—.............
D
142,000 Treasury 4a....
Dec 15 1944-1954
D
2,000
Registered...
.....
133,000 Treasury 3H«
Mar 15 1944-1956 M 8

1,000

the month when the bonds mature.

The exceptions to the rule

1,000

46,000

The tables

Jan. 3

u

STOCK EXCHANGE

Bid

313,000

self-explanatory.

v

U S GOVERNMENT BONDS
131,000 Treasury 4%a
-Oct 15 1947-1952
1,000
Registered........—...—
176,000 Treasury 3He
Oct 15 1943-1945

2,000

case

bonds became effective Jan. 2, 1909.

point.

BONDS

May
Value

are

adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds

price to which accrued interest must be added.

interest is in default.

they

as

We give bonds first, using the classification adopted in the official list

the Exchange.

M

S

Owners Mtge Corp—
May 1 1944-1952 MM 103.25 Sale
Registered.....—....
—.
2%a Series B
Aug 1 1939-1946 F~ A 101725 Sale"

May

8 104.16

Mar.

8

Home

339,000
3,000

309,000

3s Series A...

Registered

235",000

May

105.9

102730 Sale"

103"

Sale"

May

102.25

May

11 103.2

101.29

-

July 1 1942-1944

2Ms series G-

*"j 10176

Sale'

10377"

Sale

103719 104""

103.1

May

6 103.20

May 27

4 103.13
Mar. 25 101.29

101.5

Apr.

1 103.20

May 17
Apr. 22
Mar. 25

May 27

FOREIGN GOVT, ft MUNICIPALS

vgricultural Mtge Bank

(Colombia

♦Gtd sink fund 6s....—
1947
18,000
♦Gtd sink fund 6s
..1948
7,000
•Antioquia (Dept of) Col 7s A.
194?
42,000
•External s f 7s sar B__
194?
33,000
•External s I 7s sar C..
194?
21,000
•External s f 7i ee* D
144?
32,000
•7s 1st series..—...
1957
43,000
•7s 2d series............
1957
18,000
•7s 3d series...............— 1957
33,000
mtwerp (City) extl loan 5s
195?
55,000
\rgenflne Nation (Govt of)—
Sinking fund external 4M*--- *971
242,000
S f external conv loan 4s..Feb 1972
499,000
S f extl conv loan 4s...Apr 1972
411.000

8*
m 1

13




4

,

30
229*
23%
7 % Sale
7%
7%
7%
7%

92

Sale

22% May
May
7% May
7% May
6% May
7% May
6
May
6% May
6% May
92
May

90%
80%
80%

Sale
Sale
Sale

90% May
79% May
80
May

22%
22 H
7
7
7

ly'

8

7

6%

6-

6

— ....

For footnote- »ee page

22 %

6%

5%
5%

6

98%
M N
P

A

A

O

-----

96 M Sale
88% Sale
88 M Sale

94%

96%

90% Sale
80

Sale

80

Sale

23%
23
7%
8

8%
7%
Sale

6%

aVA

22

16
11
2
3
28
26
31
3
3
31

2
2
2

23

May
22% May
8% May
8% May
8% May
8% May
7 % May
7 % May
7% May
94 % May

18
9
10
10
10
10
11
10
12

93% May 10
84% May 10
84% May 12

16% Jan.
17% Jan.

5
11

6

Jan.

6
6
6

Jan. 28
Mar. 30
Jan.
4

4% Apr.

4

1

23%
23%
8%
8%

Apr. 18

Apr. 19
May
9
May 10

8% May 10

8% May 10
7% May 10

5

Mar.
8
Mar. 30
5% Mar. 31
May 10
92
May 31 100% Feb. 25

3

89

13

Apr.
78% Apr. 14
11
78% Apr. 21

96% Jan.
88% Jan.
88% Jan.

3
3
3

20

n. y. stock

Sales in

X).

$

168,000
160,000
353,000

Price

bonds

May
Value

Government

♦Bavaria (Free State)

axtlbHs—1945

Belgium 25 year external
External a f6a

6ha—-1949

F

A

M S

J
1955 J
........1955 J D

External s f 7a

fBerfen (Norway) extl 5a........I960 M S
♦Berlin (Germany) a f
*950 A O
•External linking fund 6a.....1958 J D

external 8a ....1941
♦Ext a f ft 4%« Of 1926
1957
♦Extl a f 6Ha of 1927
1957
♦Cent Ry 30-year g 7a.
.1952
irtsbanMClty) a f 5s....
1957
Sinking fund gold 5s
1958
20-year s f 6a.. ...........
1950

•Brazil (U S of)

J

D

A

O

A

O

J

D

M

Ask
104 h Sale
104
105
100% Sale
103
Sale

f

F

A

j

D

20%

211", 600
81,000
32,000
24,000
28,000

26,000
173,000
148,000
141,000
139,000
49,000
521,000
16,000
8,000
27,000
74,000
74,000
86,000
167,000
103,000
125,000
57,000
55,000
122,000
92,000
49,000
91,000
90,000

116,000

1952
10-year 2 Ha...
—Aug 15 1945
25-year 3Hs---*961
7-year 2%i
1944
30-year 3a
-1967
•Carlsbad (City) a f 8a
-1954
♦Cent Agrlc Bank (Get) 7a
1950
...

a

106

85

69 %

Sale
69 % Sale
69 % Sale
72 % Sale

♦Farm loan a f 6a

♦External

a

f gold 6s

Jan 1961

'

♦Extl

a

f

A

Sale

j

100H

j

Sale

J

J

Sale

J

J

...1962
1963

1957
1961

♦Chile Mtge Bank of gu s f 6Hs
♦Guar

a

f gold

33

J

6%a

M

8

M N

J

D

J

D

♦Guaranteed s f gold 6s—....1961 a c
♦Guaranteed sinking fund 6s.. 1962 M n
♦Chilean Munlc Loan 7s
1960 M S

1951

..

J
M

1§*
99*
-

2
3

66% May 16

11*

53
54%
54%
57%

May
May
May
May

3

39% May

9

2
4
2

Sale

Sale

Sale

15%

it*

14%
15% Sale
15h
15%

Sale

Sale
14

l&X

Sale

15% May 2
15% May 2
15% May 27

is

30
21

30

21%

20%.May 11

14*

13% Sale
13% Sale
22%
23 h

14 h
14 X

22%

103

103%
95

102 %

Sale

71% Sale
105
104

~

105

Sale

101

101 %
99% Sale

—

% Sale
93% Sale

18H
103 %
103 h
99%
102 h
69 %

Jan.

Mar. 31

98

May
2
78% May 3
66% Mar. 22
64
Apr. 23
51
Apr.
6
52% Apr.
7
53

88

10
10
7
15
12

12

23

Jan.
8
85
Feb. 28
78% Jan. 17

79% Jan.

11

70% Jan.
70% Jan.

7
10
7

70% Jan.

5

72% Jan.

4

53

May 9
May 17
May 16

Jan.

7
3

34% Jan.

8

32% Jan.
105% Mar.
109% Mar.

35% Jan.

8

May 21

98

May
May
May
May
May

19
13

May

7

May
May
May
May
May
May

13
9
24
20
20
20

Feb.
2
113% Jan. 20
102% May 21
102% Mar. 7

98% Mar.
97% Mar.

19
10
17

May 20
May 20
May 20

May 21
May
3
May 13

Mar.
Mar.

38
32
32

28

14%
14 j
15
15
15
15

11

3
3
5

Mar.

19%
19%
19%
19%

Mar.

88
17%

1S*

11% Mar.
30
May
19% Jan.

82% May 12

2
13

188

Mat.

13

12%

80% May 18

4

32*

Mar.

12%
12%

14%

83

12

Mar.

Mar.
Apr.

Apr.
Apr.
Mar.
Mar.
Mar.

80
43

25

Feb.

29% Mar.

52" May" "2

18% May
104
May
103% May
May
May
May
May
May
May
May

May 13
May 19

98

"50% May" 11

16% May 11
16% May 10
22% May 25

Mar.

92% Mar.
May

20
35
29

92
92

18%
19%
17% May
102% Sale
101% May
103
103% 104
May
100h 97
98%
96% May
Sale
100
102
100
May
Sale
Sale
69
68% May
Sale
75
71% Sale
71% May
75% Sale
76
71%
71% May
102% Sale 103% Sale
102% May
Sale
99}
100% Sale
99% May
Sale
96
94% Sale
94% May

4
8
13

Mar. 14
Jan. 11

19% Jan.
19% Jan.
19% Jan.
102
Mar.
101% Jan.
102% Jan.

54% Apr.

23
May
4
23
May
5
97% May 18
95% May 17

80%

Mar. 31

24
23

36% Apr.

13% May

Sale

Mar. 31

12

13% May
2
22% May 11
22
May 14
22% May 18
95% May
3
92% May
3

Sale

1

10% Mar. 31
96% Apr.
9
95
Apr.
1

Sale

2

24

Mar. 29

Apr.

79
52

Sale
Sale

95

81%

86

13
10
10

Mar. 16 108
Jan.
Mar. 16 107% Jan.

2

15
107% Mar. 17 115% Feb.
4
100
Jan.
4 102% Feb.
9
Jan. 27
23% Feb. 18

Sale

22% 27
23
22%
22%
23%
96 h Sale
92 % Sale

82

17% Sale

10

17% May 20
17% May 20

3

30

10

May 20
17% May 20

May

23

100
100

3
3

31% Jan.

16

20H

52

59% May
60
May
60% m*y
63
May
43% May

3

22 h

Sale

May 23
78% May 3
66% May 16
13

13% May

30

22%

99% May 12

"32% May"l8

20 H

sale4

Sale Prices

99
Mar. 18 106% Feb.
98% Mar. 18 106% Feb.
Feb.
96% Mar. 18 102
28
Mar. 16 105% Feb.
Mar.
19% Mar. 31 23

2

16% May
61
15
May
91
15
May 10
15
May
9

Sale
Sale

m*

Sale

21% May

-----

40

97*

1949

25,000
30-year a f 5%z
1953
♦Public Works 5H®
June 30 1945
311,000
149,000 Czechoslovak (Rep of) extl 8s—1951
72,000
Sink fd 8s ser B.
1952
260,000 Denmark 20-yr external gold 6s .1942
External g 5H»
187,000
1955
External g 4H*
283,000
1962
Deutsche Bank Am part ctfs h
1932
m s
♦♦Stamped extd to Sept 1 1935.,
14,000 Dominican Republics f5H*
1942 M 8
1st ser 5Hs of 1926...
2,000
1940 A O

17 h
Sale

15%

May
78% May

20

20

-

1951 mn
1944 u e
1949

Sale

17

'

17%
17 H
17 H

12

5
105% May 20
101% May 10
35% May 10
23
May 13
106% May 4
106
May
2
112% May 10
100% May
3
21% May
9

2 99% May 10
6 101% May 18

22

8

Colombia (Republic of)^7
O
144,000
♦6s of 1928
Oct 1961
j
124,000
♦Extl a f g 6a
Jan 1961
5,000 ♦Colombia Mtge Bank 6Hs .....1947 A O
mn
26,000
♦Sinking fund 7a of 1926
1946
5,000
♦Sinking fund 7s of 1927—
1947 F A
181,000 Copenhagen external 5s
;
1952 J D
101,000
Gold 4%z—
1953 M n
♦Cordoba (City) 7a——.
—1957 f a
34",066
♦7a stamped—
1957 f a
J
27,000 Cordoba (Pro?) Argen 7s._—...1942 J

49,000 ♦Costa Rica (Rep of) 7s
25,000 Cuba (Rep of) 5s of 1904
11,000
5a ext debt Ser A of 1914
4 H* external loan
15,000

31
30 h
Sale

17% Sale'
■

20% May
20
May
14
May
12
May
12% May
12% May
99
May
98% May
100% May

21H

D

1950

2,000 ♦Chinese Hukuang Ry 5s.
16,000 ♦Cologne (Germany) s f 6 Ha

?7i

16% Sale
16%
16 % Sale
16%
17%
16%
17%
16% Sale
14 %
15%
14 %
15%
14 %
15 %
14 %
15
12
19%

J

Sale

30%

31%
Sale

106
78

100% May

Highest

Sale Prices

Sale Prices

27
2
25
24
25
24
24
31
31
25
24
27
27
27
27

34%
108% May 25 109%
111%
111% May 26 l13%
101 % May
101% Sale
2 102%
Sale
102
102
May
2 l02%
100 % 101
100% May 26 l01%
Sale
97h
96% May 2 98
20
May 18 27%
21h 30
35
35
34
May
3
35%
Sale
31
30
May 17 31%
Sale
30
39% May 23 31
30% May
3 32
"18"" Sale" 17% May 2 19
Sale
18
16% May 28 19%
17 % Sale
17% May
4 19%
17% Sale
16% May 28 19%
17 H
16% May 28 19%
17 % Sale
17% May 3 19%
17%
16%
16% May 28 19%
14%
15% May
5 17%

Sale

~30%

31h

> Sale

32%

109 h

96% Sale
27
34%
37%

59

102

33

34%

Sale
101
Sale
102
100 % 101

Sale

MN

34

111

Sale
13
99

Sale
58
57%
60
59 %
61
35
41

Sale
39%

32%
33%

Sale

56
55 h

Sale

J

Sept 1961 M S

f 6a Int ctfa—

♦Extl sinking fund 6s
♦External sinking fund 6s

Sale
Sale

1960 a o
Feb 1961 fa

♦Ry ref extl a f g 6a.
....

.1942

60
60

Sale

55
57 h
37

Sale
Sale

I960 A O
1938 a o

-

♦♦Farm loan 6s series A
♦Chile Republic exta f g 7a
♦External sinking fund 4 6a

13 ;
65

53% Sale
54 % Sale

Sale

J

101

Sale
80
75

65
60
60

34 %
Sale
Sale

97%
97%

Sale

May
May
May
May
May
May
May

Sale

Sale
Sale
Sale
Sale
Sale
Sale

11*

Sale

99

100 %

Sale Prices

1

Lowest

Hiyhes.

102% May 26 105% May

Sale

102>

12% Sale
13% Sale
99 % Sale

70
70

J

1960 J

f 6s .....—'

13

Ask
Sale

111

Sale

80

M 5

201/
104

101h 100 %
21% 20%
Sale
20%
Sale
14%
Sale
12h

12

M N

103
100
30

100

Sale

53

103%

111

22%

.

♦Farm Loan

22

99% 100H
18
23 H
20 % Sale
21% Sale
19 % Sale
is% Sale
19
18H
99% Sale
99 %
102% Sale

♦6H> atamped
1961 f A
Readjustment 4%-4%»
1977 M s
Refunding a f 4%-4%z
1976 f A
Extl readjust 4%s-4%«
1976 A O
Extl a f 4%-4% 8 bonds.——1975 mn
3% external iff bonds—:
1984 J J
Bulgaria (Kingdom of)—
j
♦Secured a f 7s—
1967 J
♦Stabilization loan 7%a.
1968 m n
Canada (Dom) Gold 4a.—......1960 A O
30-year gold 5s

104 h Sale
Sale
104
100
Sale
33 h
38h
23
20
106
107
Sale
106

106 % Sale
104 % Sale
114% Sale

12,000 ♦Budapest (City of) 6a
1962 J d
1,000 ♦Buenos Aires (Prov)ref.ext'l a f6a 1961 M s
M S
2,000
♦Stamped.... ........
-

Ask Bid

Bid

RANGE SINCE JAN.

Lowest

May 31

May 2

Bid

(Cowfaml)

J
Australia5s of 1925......July IS 1955 J
External loan Si of 1927..—1957 M S

External ft 4M* of 1928........1956 M N
61,000 Austrian Govt s f 7a.....—.....1957 J J

16,000
145,000
86,000
81,000
18,000
1,000
13,000
4,000
13,000
.9,000
144,000
46,000
40,000
40,000

PRICES IN MAY

Jan. 3
1938

y. utock exchange

Conltn

exchange-bonds

Mar.
Mar.
17% Jan.
16% Jan.
17
Jan.
10
10

30

21%

16

Mar.
9
Mar.
3
Mar.
8
Mar. 26

May
May
May
May
May
May
May
May
May
May
May
May
May
Apr.

24
20
20
20
20

20
20
20
20
20
20
21
3
21

29
29

16% May 11
16% May 10
23% Apr. 22
10
Apr. 19
8
23% Apr. 27
Mar. 18 101% Mar.
7
11

Mar

30 100% Mar.
3
24
80
Jan. 24
6
Jan. 20
£2* Jan. 17
80% May 18 90
Jan

Apr.

24

16% May
101% Apr.
103
May
96% Jan.
100
May
62% Apr.
50
56

Jan.

31

104
Feb. 23
110% Feb. 15

102
106

Mar. 30
Feb.
4

78% Feb. 15
104

Mar.
Mar.

Jan.
Jan.

105

101% Mar.
98
16
Apr.
May
2
94% May

24
25

106% Feb. 14
Feb.
2
Feb. 25

104
102

.

1961

Customs Adm 5 Ha 2s ser

5H* 1st series....—
1969 A O
5Hs 2d aeries—
1969 A O
♦Dresden (City) extl s f 7s
1945 mn
El Salvador (Rep) 1st s f 8s A...1948
J
♦Certificates of deposit.
15,000
2,000 Estonia (Republic) 7s
—..1967 J
18,000 Finland (Rep of) external 6a
1945 m s
23,000 •Frankfort (City cf) s f 6Ha.. -.1953 m n
76,000 F ench Republic 7 Ha stamped. .1941 J D
1
7 Ha unstamped
57,000
1941
D
External a f 7s stamped....... 1949 J
6,000
7s unstamped......
1949

1,000
1,000
1,000

;

96

66 %

60

65

60
64

58%

58
55
58 h
58

59

58

65

25

m s

85

50

1940 A O

2d series sinking fund 5 Hs

"3",000

75
50
50
50
50
50

34 %

21%

64

59

19%

99% 100
107
108
21H
102% Sale
92%
98
100

99% 102

95

105%
19%
101

93%
105%
90%

89

Sale

83

"56""

55
55

62

55%

58

69%

54

70

56"" May"23

62

55%
55%
20%

60
70

55% May 28

—.

56

May 21

May 18

58% May" 18
55% May 28
58
May 18

20% May 26

20% May 261

58

28

21%
23
23
May
95%
95% May
106"" 105% 106% 105% May
21% 20%
20%
20
May
Sale
102% Sale
100% May
Sale
94%
98% z93%May
123
109
Sale
108
May
-

-

May
2
May 18

56% May 26

23%
95%
106%
20%
103%
98%
109

—

May
May
May
May
May
May

16'
9

♦35-year 5%s stamped

1965
1965

♦5H8 unstamped

♦SHastpd (Canadian holder)..1965
98,666 ♦German Republic 7s stamped..1949
♦7a unstamped
32,000
1949
German Prov &

61,000

Communal

J

D

25%
21%

25%

26

23

23%

A

O

31%

24

27

(Cons Agrlc Loan) 6H* eer A.1958 J O
♦Greek Govt secured 7s
1964 mn
♦7a part paid.
♦S f secured fcn

30

"29%

1964

29
26
22

1968 FA

43,000
•6a part paid.
25,000
30,000 Haiti (Rep of) 6a series A—

1968
O
1952
o
4,000 ♦Hamburg (State) 6a
1946
J
9,000 ♦Heidelberg (City) extl a f 7Hs—1950 J
3,000 Hetsingfors (City) ext 4%z.
...1960 A O

27

22%
21%

-.

19

Sale

23%
25

26
23

May
May

22

Apr.

95

Mar.
100% Mar.

l$H

Mar.

24

21%

Sale

May 31
1
100% Feb.

22% May
72

May
21% 19%
21%
20% May
17%
16%
17
17%
May
104% 107
104% 105
104% May
20
16

27
May 20
2
25% May
77
May
1
20% May 16
17
May
7
l04% May 24

24*4

J
♦Secured a f g 7%s
22,000
1945
J
♦Secured a f g 7a
7,000
1946
7,000 •Hungarian Land M.ge 7H» A..1961 MN

3,000

*S f 7Hs series B

1961 M N
1944 f a

7,000 •Hungary (Kingdom of) 7Hs
23,000
Extended at 4H% to
1979
8,000 Irish Free State external 5s..... 1960

248,000
47,000
57,000
437,000
580.000

1952
1954

1965 MN

96,000 ♦Jugoslavia (State Mtge Bk) 7s..1957 A O
8,000 ♦Leipzig (City) external s f g 7s. 1947 F A
Lower Austria (Prov) 7%«
...1950 J D

'37",000

•Medellin (Colombia) 6H*
7,000 ♦Mexican Irrlg Assenting • f 4 Ha
♦Mextco(U S)external 5a of 18998
♦Assenting 5a of 1899...
♦Assenting 5s large..
♦Assenting 5a small...
For footnotes, see page 30.




1954 J D
1943 MN
1945 Q

1945

19

18

23%
19%
19%

57%

59

18

113
80
75
62
77

Italy (Kingdom) external a f 7a. 1951
Italian Cred Consortium 7s aer B 1947
Italian Public Utility s f g 7a
Japanese Gov extl a f 4%»
Extl sinking fund 5 Ha—

17%
17%

Sale
80

67

Sale

64% Sale
42%

.....

22

104%
6
7%
3%
2%

J

5

"2%
2%

3%

11*
\hH

14

12

14

11%

Sale

11% May

14

11% May
13
May
13
17%
May
Sale
37
39
51
37
May
38
36%
36
37%
May
115%
112%- May
ZV* Sale" "75% Sale" 75% May
76
79
75
79
75% May
60
63% 61%' 62
61% May
73% Sale
70
Sale
69% May
59
Sale
59% Sale
57
May
40%
21%

"8%

IS

ll

18

18

-

13%

23

Sal?
VA
i

43% Sale
20%
23
20
8

1%
1%

1%

13% May
13
May
13
May
13
May
39
May
37% May
l16
May
80
May
79
May

a
11
10
20

27
12
5
4
4

64% May 13
73% May 2

60% May

3

4

22% Apr.
19% Mar.
70
Feb.
19
Jan.

27

85

19

Jan.

Mar.

11% Apr.
11% Apr.
13
May
11 % Apr.
37
May

18% Jan.
18
13

5

Jan.

28
11
25

M

Mar. 30
Jan. 19
21
Jan. 12
Jan.
4
4
64% Jan.

Mar.

82

70% Apr.

80% Jan.

Mar.

81*

68% Apr.
49% Jan.

44% May
4
21% May 17

35

5
8

8% May
1% May 27

"9% May" 10

6

Mar."31

Apr.
20% Feb.

21

Apr. 21
59% Feb. 16
May 12

32% Apr.
112% May

56

21

8
17% Feb. 28
105% Feb. 24

16% Apr.

72

13

Mar.

_

104

Jan.
Jan.
Jan.

221

1% May 27
1% Apr
13
1% Mar. 29
.

5
2

Feb.
9
Jan. 12

30i
29

40% May
3
20% May 27

1% May 27

Jan.

321

24% Mar.
29% Apr.
26% Feb.

28

9%
2%

34% "Feb".'23
29

Hungarian Cons Municipal Loan—
•

Mar. 15

27% Feb. 25

2

24% May

23%
Sale

8

108% Mar. 11
101
109

30% Apr. 20
24% Apr. 19

28
-----

5
9
24

28% Mar. 10
24% Feb. 23

27

34

Mar.

12

Mar. 18
Jan.
5

27% May 18

Sale

Jan.

15

22*A

27 % May

Sale

Jan.

30

Mar.

1

27% May 17
23% May 16

27%

74

105

8

19

22% Apr.

13

Feb. 23
Jan. 24

2
5

31% May" 16
26% May 13

23%

19

Jan. 20
Feb. 24

104 % Apr.

30% May
2
25% May 23

77

22

62

6

Jan.
Feb.

May 31

25% Sale

25%
27%
25% Sale

m

6

Jan.

99

31

26

m —

51

93% May

30% Sale
26
27%

87%

—

55% May 28

55

99% Jan.

24
25%

a.

Mar.

26

Bks—

•

Apr.

20

27% Sale
26%

30%

91

67
62
64
64
62

104% Mar.
16)
19% Jan.

—

Sale

20

20

5

18

German Gov't International—

341,000
34,000

Jan.

55% Apr. 16
56% May 26
59
Apr. 19

1% Apr.
5
1% Apr. 27

45% Mar.
22% Apr.
9% May 10
2% Jan. 12
4

Feb. 28
4% Mar.
1
4

Mar.

3

Mar. 24

1

N. Y. STOCK

June, 1938]

$13

Sales in

BONDS

May

♦

May 2

1938
Ask

Bid

(Continued)
1954

Assenting 4s of 1904

J

J

D

Lowest

Highest

Lowest

Sale Prices

Sale Prices

Sale Prices

Highest

IX May 17

Ask

12*
12*

12* May 12

....

2

♦Assenting 4s of 1910 small
J
♦♦Treas 4s of *13 assent (large) 1933 J
i
j
♦♦Small
2,000
142,000 Milan City (Italy) ext loan 6Ha.. 1952 A O
Minas Geraes (State of, Brazil)—
♦Sec extl 8 f 62* s
69,000
..—1958 M S
♦Sec extl s f 62*s
75,000
—.1959 M S
11,000 ♦Montevideo (City) 7s...........1952 J D
♦6s series A. .................1959 MN
5,000
-

126,000
53,000
33,000
60,000
125,000
149,000
128,000
3,000
21,000
121,000
159,000
53,000

-

1957
1958
Norway 20-year ext s f 6a.Aug 151943
20-year external a f 4s. Aug 15 1944
Extl sinking fund 4Hs........l956
External sink fund 42*s..„—1965
f

New South Wales ext ■

External

4s s f extl loan

21,000

91
9h

Sale

10H

55
101

34

50

60

A

F

A

106 H

M

8

A

O

1042* Sale
102 F 103

1953

J

D

♦Stamped (assented)....... 1963

seir

A..

1947

41,000
63,000 ♦Peru (Rep) Sec

M

Sale

Sale

102 J

1022* 104 H
19

60

Sale"

55 X

Sale

103 X

101

101H 105

~35H

40
102*
152*

S

s f g 7s._ ......1959 M S
1960 J D
♦National loan ext s 1 4s..

Sale

A

A

O

A

O

J

J

214

♦National loan ext

a

......

11

10

102*

18,000 ♦Prussia (Free State) ext af 4H—1951 M S
♦S f gold 4s
1952 A O
28,000

202a
20%

30,000
118,000

♦Rio de Janeiro (City of) 8s
♦Extl

6H»

sec

A O

108

F

107 H U2
24
362*

..1946 A O

...1953

—

21
Sale

F

A

Sale

10 %

Sale
Sale

92*

Sale

12*
60

3

Mar. 29
Mar. 30

32* Jan.
8
22* Feb. 28
32* Jan. 18

72*

101

Sate

101

Sate

101

106

Sate

—-

92*
60

40

50

85

37

107

92
40

412*
37
7

7

102*
Sate

72*

Ji*
75
202*
202*

A*
Sale

82* Sale
472* Sale

75
Sale

422* Sale

11
a

VA

Sale

212*
21

1032* 105
105
107
28

32

aVA

70

72*
62*
69

202*
202*

8
72*
76

202*
Sale

92*
18
92*
17
41 •
2
372*
20
27 103
31 1022*
24 1062*
1062*
104 2*
1032*
_

25
31
31
23

May
May
May
May
May
May
May
May
May
May
102
May
May
May
562* May
512* May
1032* May

May 27 1032* May 13
40
May 24
May 24
May 10
2 37

82*
82*
82*
472*
71

422*

May
May
May
May
May
May
May

3
27
21
31
21
3
24

72* May 27
7
69
20

20

May
May
May
May

21
18
25
27

8
10

92*
92*
552*
72

542*

8

Sate

Safc

7

Sale

72*

92*
62*
72*

Sale

82*
9
72* Sale

8

Sale

65

Sale

May 21
May
2

May
May
May
7
May
7
May 13
May
3
May 11

92* May 11
72* May 13
75
May
2
202* May 10
20J* May
4

1052* Sale
1042* May
4 107
1062* Sale
1052* May 12 107
282*
292* 282* May 25 29

57

62* Mar.
26
Mar.
25
Mar.
27
37
6
May
97 X Mar.
2
17
982* Mar.
19 103 2* Mar.
Mar.
24 104
992* Mar.
19
99 2* Mar.
18
982* Mar.
28
20 4022* Mar.
20
Jan.
7
Jan.
51
18
47 X Jan.
13
96 X Mar.
2

34 X May

'

52

May

1052* May
1052* 1072* 1052* May
103
1042* 1022* May
1032* Sate 1012* May
Sate
102
1002* May
1022* 103
1022* May
21
20
202*
May
542* Sate
542* May
492* Sate
492* May
102 2* Sale
102
May

342*

22* May 19
632* May 12

12* May 6
May 26

60

82* May
8
May
May
37
May
101
May

ts
37
34

22* Mar. 4
12* May
6
Mar. 19

22*

" Sale"

72*
92*
82*

62*
82*
82*

Sale
592* Sale

98 H

A

34 X

69

92*

M S

102 X 103
40

52

952*

Sale

101X Sale
1052* 106 X
105% 107X
1022* Sale
101X Sale
100 X Sale
1022*
192* "22"
55 X Sale
50 X Sale
102 X Sale

Sale

80 X

33.000 ♦Porto Alegre (City of) 8s.......1961 J D
J
♦Extl loan 72*s
40
......196b J
.1952 MN
82,000 Prague (Greater City) 7Ha..

58,000 Queensland (State of) ext s f 7a..1941
25-year extl s f 4s
Feb 15 1947
39,000
3,000 ♦Rhlne-Maln-Danube deb7s ser A1950

103

Sale

O

f 4a......1961

1940
54,000 ♦Poland (Rep of) g 4s
♦Stabllls loan 7s of *37. Oct 15 1947
46,000
♦External s f 8s
1950
40,000

8H Sale
SX Sale
Sale

M N

f 5s

Sale

40

F

MN

s

2

IX
62 X

55

101H
1012* Sale
1052* Sale

May 15 1963

♦Extl

♦Pernambuco (State of) 7s

216,000

Sale

A

1970 J D
♦Nuremberg (City) external 4a..1952 F A
Oriental Development 4s
1953 U 8
External deb 5 Ha
1958 MN
Oslo (City) 4H« extl sink fund..1955 A O

1,000

64 2*

O

Municipal Bank ext s f 5s

46,000 Panama (Rep) external 5 Ha.

5H

1H

A

......1963 F A

...

Mar. 29

1

F

g 5s

f g 5s

a

May 17
May
9
May 11

92

1946 A O

♦8s extl loan of 1921
♦6s extl

s

f g

1968

♦7s extl loan of 1926...—.....1966
13,000
♦7s Municipal loan............1967
27,000
79.000 Rome (City) external a f 4Hb.__.1952
344,000 ♦Roumanla (Kingdom of) 7s.....1959

♦Saarbruecken (City) a f
Sao Paulo (City of)—

50,000
71,000

4s.....1953

J

D

M N

J

D

A

O

F

A

I

J

15

12

9H Sale
9H
10 H
92*
102*
682a Sale
33
40
20 %

30

10

10 H
Sale

1952

M N

1957

M N

9X

♦♦8s extl loan of 1921..........1936

J

10 H

♦8s external..................1950

J

112a
13
112*
13
11H Sale
47 H
48 H

♦8s extl secured

s

f..........

♦6H« extl secured

s

f__

iS*

8

10

8

20

82*
8

63

Sate

222*

22 2*

Sale

292*

21

112*
92*

9

May 25
62* May 27
82* May 17
82* May 28
62
May 26
212* May
6

1,000
10,000

.......1956 M S

♦7s extl Water loan
♦6s extl Dollar loan..

..1968 J

Sec

-.1940

f g

s

7s

♦Saxon State Mtge Inst 7s

...1945
Dec 1946

♦SF g 6Ha

J

A O
J

142*
92*

92*
72*
33

242*
242*

D

J

19

D

17
Sale
10
9
Sale

27

72*
72*

9
82*

142*

162*

9

8
May 11
72* May 27

169,000

♦8s secured

♦7s

ser

B

sec

27

242*

282* Sale

extl..............1962 M N
extl...
.........1962 M N

28

Sale

50

♦Silesia (Prov) extl sink fund 7S.1958
♦Slleslan Landowners Assn 4a—1947 F

i)
A

28

F

A

101

Sale

J

51

Sale

Sydney

(City) s f g 5Ha

Taiwan Elec Pow 5H*

1955
.......1971 J

32

55

J

312*

45

312*

Sate
33 2*

512*

ilF
XVA

Sate
Sate
Sate

45

A

O

43 X
54

F

A

42

Sale

M N

412*

Sale

M N

41

51

40

1979 MN
1978 F A
1984 J J
Venetian Prov Mtg Bank 7s..... 1952 A O
♦Vienna (City of) 6s
......1952 MN
♦Warsaw (City) external 7s......1958 F A
Yokohama (City) extl a f 4s......1941 1 D

37

42

392* Sate

41

Sale

1952
1961
f 8s..1946

M S

1960
.................1964

Tokyo City loan of 1913 5s
External a f 5Hs guar
♦Uruguay (Rep) external s
♦Ext

s

f 6s

♦Kxter a f 6s

32*-4-4H% extl readj
4-4h-4h» extl read)
3Hs External readjustment

552*

542* Sate
46
412*
402* Sate

39

43
42

40

992* 100
Sale
60 2a Sale

38

692*

80

65
58 H

50

30
50

55

15

26

4
10
57 H Jan. 20
3
104H Feb.
Jan.

Jan.

1032* Mar, 10
107

19

Jan.

1072* Jan, 28
1062* Feb. 15
104

14
16

Feb.

103

Feb.

103

May 20

21

Apr. 22

622

Mar. 11

57

Mar. 12
Mar.
9

103

40

May 27 1042* Jan.
May 24 462* Mar.
Mar. 31

52*
72*
72*
72*

Mar.
Apr.
Mar.
Mar.
442* Mar.
602* Mar.
42

31
1
31
31
18
18

Mar. 18

72* Mar. 25
52* Mar. 31
Apr.
8

41

4
4
4

Mar.

92* Jan.

7

11X Jan.

10

112* Jan.
112* Jan.

8
8

672* Jan.

19

822* Jan.

6

62

6

Jan

112* Jan.
102* Jan.

10
7
14

62
19

98

Feb.

Jan.

20

22

Mar. 10

19

Jan.

27

23

Mar.

9

21
19

1022* Mar. 18 1082* Jan.
1032* Mar. 19 109H Jan.
7

31

Mar. 15

62* Mar. 26
52* Mar. 30

12

Jan.

25

Jan.

102* Jan.
2
8

7H Mar. 28

13

Mar.

6

103
103
10;

Jan.

Jan.

11
11

73

Jan.

19

38

Jan.

5

112* Jan.
102* Jan.

7
11

82* May
7
9
May 13

72* Apr.
1
52* Mar. 31

242*
50

562*

562*

8H

Sate

402*

412*

402*

48

17

Mar. 26

132*
72*
72*
62*
242*

Apr.
7
Mar. 30

252* May
9
252* May 11

23

Feb.

18

24

Jan.

10

35

202* Mar.

May
92* May
92* May
9
May
362* May

252* May
9
252* May 12

282* May
May

9

Serbs Croats 5c Slovenes (Kingdom)

206,000
4,000
7,000
55,000
56,000
14,000
149.000
23,000
76,000
10,000
158,000
18,000
15,000
1,000
17,000
14,000
48,000

Feb.

102*

52* Mar. 31
6H Apr. 14
60
Mar. 18
20X Apr. 18

May
9
May
3
May 19
72* May 27
31
May 19

17
9

92*
82*
8
92*
31X Sale
24 X

8

20

Jan.

<

25

San Paulo (State of)—

2,000
65,000
9,000
44,000
112,000

Feb.

Jan.

11

May
6
May
9
May 12
May 12
May
5
May 10

82*
92*
92*
662*
252*

3

67

32

92* May 11
82* May 10
10

Jan.

61

Rio Grande do Sul (State of)—

26,000
148,000

8

1
1

2

♦Assenting 4s of 1910 large.....

-

1

Highest

May 31

Ask Bid

Bid

12*
IX

n

1954

♦4a of 1904

25,000

RANGE SINCE JAN.

PRICES IN MAY

Price

•"N&.

FOREIGN GOV'T (CoutlmM)
Mexico

31

Jan. 3

y. stock exchange

n.

Value

EXCHANGE—BONDS

492* May 31
432* May 27
512* May 12
\\y May 27
40
May 28
5
422* May
392* May 31
402* May
3
5
382* May
9
672* May
May 18
May 23
55
May 31

May
342* May
522* May
May
May
May
May
55
May
46
May
452* May
442* May
422* May
422* May
392* May
672* May
22 X May
522* May
562* May

42 2* May 25

9
4
9
7
9

46

S*
iirA

2

5
May 20
May 31
May
2

it*

20
20
4

38

9

May

132* Jan.
13

Jan.

10
7

Jan.

4

Jan.

4

25 X May
26
Mar.

9
4

May 20
342* May 20

l°9*

Feb.

Jan.

18

Apr. 12
3
1042* Feb.

992* Mar.
482* Jan.

60

Feb.
47 X Jan.
41
Mar.

Mar. 11

50

40

21
10
17
17
16
10
3
9
14
5
3

17

35

20J* Mar.
412* Mar.
25

103*

Feb. 10
Mar. 30
Apr.
8

Mar.

2

602* Mar. 10
Jan. 19
Jan. 10

382* Apr.
402* Apr.
372* Apr.
38
Apr.
382* May
672* May
212* May

100

Jan.

402* Mar.

62

Jan.

532* Jan.

65

Feb.

53*
50

Jan.

8
8

Mar.

2

Jan.

422* Feb. 11
9
672* May
13
6

25

RAILROAD AND INDUSTRIAL

V

COMPANIES.

98 H 1032*
82
112H

"si*

99

1012*
98

57

36
35

92H

~70H

56

Sale

60

Sale

37

F

A

M S

572*
482*

Sale
Sale

30

.1950

Allegh 5c West 1st g gu 4s
...1998
M 8
55:060 Alleg Valley gen gu 4s
.....1942
A O
.-1950
17,000 Allied Stores Corp deb 4H«

15,000
4H« debentures....
.......1951
767,000 Allis-Chalmers Mfg conv 4s......1952

1032a

84

67

57

1946

Allegheny Corp coll tr conv 6a..1944
Collateral and convertible 5a ..1949
194,000
♦Collateral 5c convertible 5s—1950
♦5s stamped..

92

90

125",556

162~655

88

90

....

Albany &Susq 1st guar 3 Ha

Sale

53

31.000 ♦{♦Abitlbi Pow 8t Paper 1st 5s...1953
7,000 Adams Express coll tr g 4s......1948
16,000
Collateral trust 4s of 1907.....1947
11,000
4stamped
.......1946
13,000 Adriatic Elec Co external 7s.....l952
5,000 AlaGt Sou 1st cons 5s ser A......1943
First cons 4s series B
1943
43,000
1,000 Albany Perfrated Wrap Paper 6s. 1948
6s with warrants assented....1948
1,000

85

May
882*
92
May
852*
100
96* May
962* Sate
60
May
70
802*
i01* May
1022*
May
loo" 982* Sale
40
35
May
45
35
38
35
May

8*

WA
8"

"212*

232*

108" "
90

M

It*
Sale

79

88

79

812*

104

Sale

5H*—...1943

Anaconda Cop Min s

f deb4H* —1950

Sate

a272* Sale
Sale
482* Sale
Sate
992* 100
1032* Sale
Sale
922* Sale
95

1132* Sale
102

Sale

1122* Sate
102 2* Sate

1012*

Sale

102

A

O

Jan




83

Sale

AngloChllean Nitrate—

30.

Sate

Sale

♦Sinking fund Income deb....1967
96,000
July 1995 Q J
8,000 tAnn Arbor 1st g 4s
M 8
Ark 5c Memp Bdge Ac Term 1st 5s.1964
F A
304,666 Armour At Co 4s s f ser B (Del)—.1955 J J
1st M s f 4s ser C (Del).........1957
153,000

For footnotes, see page

81X
104X

Sale

3\i% debentures..............1961
J D
3H> debentures........
1966
J
J
24,000 ♦Am Type Found s. f. debs 2H-5s.1950
MN
Amer Water Wks 5c Elec 6s ser A.1975
39,000

392,000

79

A O

103

56 H
96

Sale

103 H
95

Sale

99

100

109
Sale

104 H

Sale

872* Sale
1042* Sale

28 H

31

262*

35
93

42

25

■

86 H

88

862* Sale

"932*

Sale
292*

site*

932* Sale

96
35

35

172* May 31

26

May

6
.4
5

90

Jan.

Jan.
76
Jan.
67 H Jan.

Jan.
Mar.

44

10

5
28

Feb.

Jan.

57

Mar.

25

482* May

14

Mar.

Jan.

May
May

90

May

105

Mar.
Mar.

45

70

May
542* May

58

28

78

Mar.

412*

Feb.

38

172* May

Mar.

18
12
14
9
2

60

1042* Sate

MN

98

Amer Tel & Tel—

20-year sinking fund

'172*

Sate

Sale

S

100

11
26

Feb.

872* May
962* May
67
May

30

72
Sale

Sate

262*
472*
952*
1032*
942*

M

1955
9,000 Alpine Montan Steel 7s
M S
303,000 Amer 5c Foreign Power deb 5s...2030
...1953 J D
35,000 American Ice s f deb 5s
M N
American IG Chemical 5 H«
..1949
262,000
J
J
38,000 Amer Internet Corp conv 5Ho—1949
505,000
521,000
607,000

50

Sate

Jan.
Jan.
95
94 H Jan.

■*372* Mar.
882*Apr.

74

60

35

I62"

14
26
31
5
3
26
19
25

May
882* May
922* May
100
May
72
May
1012* May
1002* May
35
May
35
May

96 X
92

103

Sate

'942*
Sate
I

28

Sate

23

Sate

May
2 1052* May
832* May
79
May 31
82 2* May
81
May
6
1032* May 2 062* May

12 101
79
21
79
16
96
20

a272*
May
542*
46
May
99
May 28 100
1022* May
6 104
96
92 J* May 31

May
May
May
May
May

31
10
13
17
9

May 25 1132*
May
3 103
May
2 1022*
99
May 11
932*
May
2
May 27 1052*

May

3 1122* Apr.
24
992* Apr.
13 1992* Apr.
3
972* May
84 M Apr.
28
11 1022* Jan.

102

a27

1122*
1012*
1012*
972*
872*
1032*

26 2* May
2
23
May 27

May
May
May
May
May

'302*

May 17
252* May 12

93

Sate

942*

932* May 27
93
May 27

942* May
942* May

Jan.

7

922* Jan.

15

87

14

4 109

May 31
Apr.
1

Jan.

Mar. 31 106 X May 20
Feb.

11

58H Jan.
May
99X Mar. 31 104X Feb.
80
Apr.
1 982* Jan.

15

35

Mar. 23 100

382* Mar. 30
95

Jan.

25H Mar.
23
98

982*

'932*

Apr.

88

31 100

20
May 24
1022* May 13

1132* Jan.
103

107
97

Jan.
Feb.

10
19

1052* May 11
31

May

41

Feb.
Jan.

100

862* Jan.

13
17
22

95

Jan
Feb.

Mar.

Jan.

5
2
7

10

942* Apr. 22

22

N. Y. STOCK

Sales in

Price

BONDS

May
Value

1938
Ask

Atchinson

1995

6,000
186,000
1,000
24,000

Cons g 4s of 1999.
Con* g 4s of 1995

294",666

A O

1995
July 1 1995

No*

109 34
103

MN

102 H

Con* g 4s of 1919
Con* dab gold 434*

12,000
34,000
92,000
2,000

"7"666

Adjustment g 4a

Jnly 1

♦Stamped 4s

J

D

J

D

..I960

J

D

100

1948
1965

J

D

106 34

J

J

Rocky Mt dl* 1st 4s A

Trans-Cont Short Line 1st 4s gl958
Cal-Arlz 1st Ac ref 4Ha im A ...1962

J

Atl Knox 8c No 1st g5s
...
1946
Atl 5c Char Air Line 1st «H« A..1944

J
J

1944

....

9634 Sale
99

J

105
10334 112
10234 10334 101

107

"79""

J

M N

68

MN

5434 Sale
1934
2034
IS* 1734
52
5434
1754
1534
8034

J

J

M N

77

98

Sale

J

D

Sale
78
Sale

Sale

21

MN

J

J

J

J

M

S

P

Sale
Sale
Sale

Sale"
109
69 34
100

93

11734 117H
12734

♦Berlin City Electric deb 6^i...1951
♦Deb sinking fund 634* ——-1959
♦Debenture 6s...
....1955

22 H

2334

18

24

29
23

38

1854

.

1956

A

O

J

J

A

O

1952

A
J

D

10034 Sal#
9234 Sale

O

1944

...

AC...1967

Sale Prices

P

30
23

Sale

Sale

1834
1554
1834
10654

2634
Sale

Sale
Sale

Sale
10534 Sale
10434
9934 10434 101
101
10234 10154 Sale

35

60

35

28

2534
2534

Sale

30
2754

108

M S

Sale Prices

Sale

2754
2754
2634

29
28
2734

25

Sale

1955

MN

29

33

25

Sale

JJ

1961

A

O

26

20

|*BoitonAc NY Air Line 1st gu 4sl95B
Brooklyn City RR 1st 5s
1941
Bklyn Edison cons mtge 334s
1966
Bklyn Manhattan Transit 436s.. 1966

F

A

2954
754

J

J

554
29

MN

MN

§8*
60

J

59

Sale

M N

105

Sale

-1957

1934
21,000 •!♦ Burl Ced Rap Ac Nor 1st 6a
♦Certificates of deposit......
tBush Terminal Co 1st 4s......1952
Consol 5s

1955

tBush Term Bldgs 1st 5s gu
1960
Calif-Oregon Power 4s
1966
HCallf Packing con* deb 5s
...1940
Canada Sou con gu 5s ser A.....1962
Canadian Nal gold 434s....
1957
Guaranteed gold 5s
Guaranteed g 5s
Guaranteed g 5s.
Guar gold 434a

Guar g 434a

July 1969
Oct 1969

M N

4

2§x

D

A

J

D

0

J

104

10434

A

10554
11334
11634
11834

112
Sale

A

Sale
119

F

118

119

11654

1956

F

11634
11434
11334
12434
8634

10134

Sale

Canadian Northern guar 634a
1946
Canadian Pac 4% deb stock
Collateral trust gold 434a.....1944
5s equip trust ctfe
1944
Collateral trust g 5s
1954
____

M S

J

J

J

J

M S
J

J

Collateral trust 434 s
I960
t ♦Carolina Central 1st gu g 4s.. 1949
Caro Clinch At Ohio 1st 5s
1938
1st At con g 6s series A.Dec 15 1952
Carriers Ac Gen Corp deb 5s w w.1950
Carthage Ac Adlr 1st gu g 4a
1951

Celotex Corp deb 434 a w w_.
1947
♦Cent Br Un Pac 1st g 4s
1948
t*Cent of Ga Ry 1st g 5s...No*. 1945
♦Consol gold 5s
1945
♦Ref At gen 534a aerlea B_.
1959
♦Ref Ac gen 5s series C
....1959
♦Chat Dl* pur money g 4s....1951

♦Macon At Nor Dl* 1st g 5s
1946
♦Middle Ga At Atl Dl* pur m 5s. 1947
♦Mobile Di* 1st g 6s
1946
Central Foundry 1st mtge 6s_... 1941

Sale

11354
Sale
Sale

113

11334
10034 Sale
97

Sale
72

101
108
90

80

J

56

D

5934

F

A

J

D

75
2134 Sale

F

A

25

1034

1234
734

A

O

A

O

J

6

D

J

J

J

634 Sale
25
1234

J

J* J
M S

mm ~rnm

5
—

mm

mm—

—

23
15
28

10354

...

M S

55

8

106

P

98

Central Illinois Light 334s..
1966
1 ♦Central New Eng 1st guar 4s.. 1961

A

107

J

Central of N J gen g 5a.

4234

1987

J

31

Sale

.....1987

J

25

29

General 4s

M

..1962

F

Sale
mm

—m m

51

A

.....1949

6934
10734

Through St L 1st gu g 4s
Guar 5s.
♦♦Can RR At Bkg of Ga col tr
5s extended to May 1 1942

......

1954

104

A

I960

9734 Sale

F

isll937
....

28,000 Central Steel 1st sink fund 8s...1941
89,000 Certain-teed Prod s f g 534a A...1948
62,000 Champion Pap Ac Fibre deb 4Ha. 1950
105,000 Ches Ac Ohio 1st cons g 5s.......1939
General gold 434s
195,000
..1992
Ref Ac lmpt mtgo 334s ser D
144,000
1996
Ref Ac lmpt mtf.e 334s ser E
100,000
1996
Craig Valley 1st g 5s
May 194*

71"

MN

MN
M

Sale

8

91
30

M S

3234

3934
Sale

82

89

35

40

I8S

Sale

97
92

3634

4

4
5

"534
"90 "

1534

88
K*

50

60

11234 114
60

Sale

MN

Sale
Sale
108

27 33
May 10
May 11
31 34
27 2954 May 10
8
7
May
7
10 4534 May 16
2 10554 May 12
2 6354 May 16
May 19
19 30

101

854
434
434

Jan.

10434 Jan.
101

Jan.

8

10634 Jan.
10334 Jan.
11234 Jan.

13
7
11

112
108
97

Apr.
Mar.
Apr.

10434

Jan.

14

May

6
12
4
5
3

Jan.
Jan.

94

Jan.
Jan.

Apr.

II*
88

Apr.

P

Jan.

May

Mar.
Mar.

Jan.
Jan.

14

Jan.

6
17
15

7

Mar.

60

Jan.

30

Mar.

85

Mar.
1
Feb. 15

9734 May
3934 Apr.
1534 Mar.

102

40

Jan.

15

Jan.

3

Jan.

7
3
3

Mar.

8234 Jan.

Mar.

45
70

Mar.

Mar.

T

May
Mar.

38X

1134 Mar.
15

39

10534 May
95

Mar.
Mar.

106
108
48
100

Jan.

4
3

10
7

Jan.

7
7
11
17

Jan.

4

Jan.

Feb. 25
Jan.

7

2
11934 Feb.
12834 May 25

2634 Jan.
2054 Jan.

25

Jan.

25

6

29
Apr. 12
2834 Feb. 25
2834 Apr. 26

3
2234 Feb.
29
7 10454
9954 Apr.
8
9234 Apr.
9834
1
82
Apr.
9234
10454 Apr. 25 10754

2334 Mar.
2334 Apr.
2234 Mar.
534 Mar.
30
Apr.
101

Jan.

11234 Jan.

Apr.
9934 Jan.
11534 Apr.
12534 Apr.

21

Jan.

Jan.

Jan.

Mar.

99

Jan.

May
May
May
May
Feb.

4
19
19
19
2

4534 Feb. 11
45

Feb.

10

41

Jan.

45

Apr.

Jan.

12

May 16
May 12

1055

3534 Mar.
30
May

15

6354 May 16
30
May 19

77
May
10654 May
27 9954 May
31 70
May
8654 May
31
4 10734 May
24 11134 May

14
16
16
11
10
19
4

59
Apr. 26 7834 Jan.
Mar. 15 10834 Jan.
9534 May 27 10634 Jan.

100
62

Mar. 11

7834 Apr.
10534 Jan.

14

73

2
4

2654 May" 13
854 May 14

9534 Jan.

110

Mar. 19 107

35 54 May

3234 May
4134 May
8734 May

17
May
6
9334 May 10
102548 May
2
8934 May 23
115
May 13
117
May 21
120 rs May 13
11954 May 17
11754 May
5
11634 May 18
11554 May 23
7
12454 May
82
May 11
6
9734 May
4
11254 May
99
May 13
9334 May 14
35
May
9
9934 May
4
10034 May 25
82
May 16
42
May 10
45

101% May
83
114

11534
11854
11834
11634
11454
11454
123 34
7854
9534
11234
97

9034
35

7 11154 Jan.

1.634 Mar. 30

Apr.
1
Mar. 24
Jan.

1

2634 Mar. 31
3534 Apr. 12
79

14
8
20

6 107 34 May 19

Jan.

85^

Jan.

19

17

44
10
9

18

Apr.

16

Jan.

10

Jan.

15

85K

Mar. 28
Jan.
8

61

Jan.
Jan.

15
4

Apr. 14

9334 May 10
101% May 27 10434 Jan. 19
80
Jan. 13
Apr. 26 109
111
Mar. 18 11534 Mar. 11
11434 Mar. 18 11734 Mar. 11
117
116

Mar. 17 121

Mar. 11

Mar. 18 12034
11434 Mar. 18 11834
11254 Mar. 17 11634
111
Mar. 18 11554
12034 Mar. 18 12554

Jan.

15

73

Mar. 18

Jan.

90

Mar. 18

18
24

W
§8*

Mar.

89

10334
19 11434

Mar. 18 104
Mar. 18
99

May
9
9854 Feb. 10
May
5 108
May 20 89
39
May 10 56

P

Mar. 11
Mar. 4
Mar. 12

May 23

Jan.
Feb.

9

Jan.

12
14
18
12

Jan.
Feb.

Jan.
Jan.
Feb.
Jan.

4

17
6

Mar. 29

7654 Jan. 21

Jan.

35

7634 May 14

59
20

2

Apr. 20

26
50

5

5

May

9
6

954 May 24

Feb. 25

Jan.

"5 34 "May" 18

834 Mar. 29
554 Jan.
7
334 Mar. 31

1254 Jan.

6

934 May

10

7

25

13

Feb.

17

734 Jan.

12

5
4

5

IP

Apr. 22

Feb. 23

634
96

97

50

W

60

11554 120
55

7
&* May 10
May
7
31 59
9
6 10854 May
3 10034 May
7
26 10834 May 21
16
88* May 26
28 29
May 13
28 25
May 16
2
May 28
2
May 20
25
May 25
27 5234 May 12

Sale

97
57

May
7 112
May 31 70

113
53

9534
10354
11234
9134
9134

May
May
May
May
May
May
May

10 115
27 6234
5 9734
6 104
27 11534
5 9434
28 9434

May
May
May
May
May
May
May

18
10
27
3
10
18
13

Jan.

10
Jan. 11
Mar. 14 10854 May 19
Mar; 30 10034 May
7
10554 Feb. 16 10834 May 21
Jan. 13
2734 Apr. 21 46
Mar. 31 3434 Jan. 12
20

107
89

1934 May 28
101

Apr.

65
65

Mar.

54

if

Sale

Apr.

112

Apr.

May 25
3954 Mar. 31

49
95

Mar.

May
103*4 May
11034 Apr.
85'
Mar.
85

Mar.
Feb.

29

Feb.

1

2 10634 May 28
31

llH

Jan.

3

May 25
7434 Jan. 10
64

^S*
67
106
106
121

97
97
106

Feb.
Feb.

16
15

Feb. 28

Jan. 24
Jan. 19
Jan.
6
Feb. 17
Feb. 17
Feb. 18

108

10734 108
113

104

102

18
4
5
19
11

Apr.

106
105

Jan.

10334 Jan.

106

May

9654 Sale
10354 104
11034 112
9134
9254 9154
93*
9234 Sale
9134 Sale

113

8

May
May

70

10334 Sale

Sale

M

213
7j

7434
1934
6254
934
534
554

97

Sale

4s........1989

May
May
May
May
May
May
May

39

10rl%

S
A

59

9534
6434
8034
10654
11054

105

May
55
"57" Sale
57
May
108
10854 10854 10834 May
"97" 97
Sale
9654
97
May
108
109
108
10854 108
May
18
31
23
2934
2834 May
2654 Sale
22H 25
2234 May
25
20
2054
May
10434 Sale
10654
May
7454 Sale
Sale
May
98
70
May
"4534 Sale "43" Sale
42
May

M

F

May
May
May
8
May
39
May
10434 May
40
May
30
May
25

24

43

68
25

63-8
434
3634
2234

25

89

40

10054

26

19

May
4
4 29
3 10454 May 19
9454 -Lvtay or 9834 May 19
May 31
8654 May
2 9234 May 19
2834 May

9934
9454
8034

99

Sale

100
80
35

58

"934

May 11
"a. May 16
2754 May 12
zt
27

10234 May

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

100

97

con

For footnotes, see page 30.

Sale
Sale

MN

Potts Creek Br 1st 4a.........
1944
R At A Dl* 1st con g

gold 4s............. 1989
Warm Springs Valley 1st
g 5s Il941

Sale
93

90
123

MN

PS

i??H

97

65

72

MN

Sale

28

75

88
8634
8734
102% Sale 101% 102
Sale
83
88
8954
114
11454 11434 115
11554 11654 116
11734
11954 11954 119
11934 11954 11834 Sale
11654 11734 11734 Sale
11434 11534 11534 Sale
11434 Sale
11454 Sale
12434 Sale
12454 Sale
7934 Sale
7954 Sale
Sale
9634 Sale
11254 11334
11234

9934

107
MN

General mtge 5s.....
......1941
Cent Hudson G Ac E 1st Ac ref 334s '65
Cent 111 Elec At Gas 1st 6s...
1951

Central N Y Power 334 s
Cent Pac 1st ref gu g 4s

75

3334 Sale

J

7454
Sale

9734 Sale
Sale

4254

A

J

30

Sale

A

J

...1951

65
105

Sale

J

1970

...

20

2754 May 24
2734 May
9
2654 May 26

May 21
May 25

Feb.

103

26

Sale

66"

A

.June 15 1955

Guar g 434a

44

10454 Sale
5134 Sale

10634 10654 10734 Sale
111
ill 34 11054 111
10834 10854 108
2134 Sale
2234 "2334
8
9
8
734
834
834

MN
A

10

81

A

F

9954

2534

67

M N

F

554

39

10434 Sale
4034 Sale

M N

5
10
10
6
10
10
12
3
10
10
10
28
16
12

11034

40

May 26 1185
11754 Sale 117
12754 12834 12734 May
6 1285

2534 2834 2734 33
10234 Sale 10334 Sale
95
Sale
9534 Sale
8654 Sale
9054 Sale
10454
29

May
May
May
May
May
May
May
May
May
May
May
May
May
May

9434

9934
11754 Sale
12734 Sale

11
31
25
27
25
31
3
26
25
2
2
2
9
3

60

series II

Buff Roch Ac Pitts cons 434a

May
May
May
May
May
May
May
May
May
May
May
May
May
May

Sale

1st g 494 a series

1st lien At ref 6s ser A
1947
53,000
Debentures gold 5s ..........1966
101,000
1st Hen At ref 6s series B.......1957
119,000
......1950
28,000 Brown Shoe ■ f deb 334a
1981
81,000 Buffalo Gen Elec 434s ser B
Buffalo Niagara Elec 334a ser C..1967

-

Sale

1st mortgage 5s

Bklyn Queens Co At Sub gtd 5s..1941

—

Sale

Rys—

334« s f conv debs
Big Sandy Ry 1st mtge 4s...




1

Highest

9854 Apr.
7534 Apr.
7534 Apr.
90
May
8934 May
89
Apr.
8734 Apr.
9534 Apr.
100
Apr.
9934 Apr.

10354 May
101
May 31 10434 May 10
May
6 107
May
6 108
8434
79
73
May
2
May
2 79
May
9
7234 May 26 80
K*
53
53
May 31
6334 May 11
63
May 10
6734 May 21 71
51
45
May
9
May 26 59
2034 May
4 26
May 12
1434
14
1534 May
3 2134 May 10
May
9
5334 May 3 55
5034
6
17
15
16
May 11
May
8134

3234 Sale

Sale

99 54 May
99
May

6
2
3 10734 May 14

3934 Sale

31
Sale

29

6934

lo2!*

Bethlehem Steel 4 34 • aeries D
1960
Cons mtge 3^s series E.......1966

9034 May 27

4254 Sale

I960

2d

Sale Prices

2 10734 May 16
27 86
May 17
26 8734 May 14
16 90
May 16
10 9054 May 13

9754 May 24

100

Sale

A

15,000

1834
6034
1754

O

F

5,000
8,000
10,000
129,000
9,000
12,000
61,000
20,000
161,000
143,000
3,000
125,000

1534

53
Sale

A

Sale

J

17~66O

23

1834 Sale

1941

4,000

"4934

41

1951
1948

1st 5s stamped

48,000

70

Sale

Brooklyn Union El 1st 5s
1959
133,000 Brooklyn Union Gas Co 1st g 5s. 1945

18,000
18,000
90,000
23,000
53,000
64,000
33,000
79,000
15,000
18,000
84,000
70,000
57,000
323,000
100,000
44,000
115,000
97,000
1,000
4,000
78,000
5,000
5,000

78
73
Sale

Sale

1943

ser

WA

"75"

O

First At ref 5s series C

Boston Ac Maine 1st 5s

55
57

D

..1989

93"666

112",000

Lowest

108

A

Belvfdere Del cons gtd g

Berlin Elec Ele* Ac Undgrd
♦1st 634s

Sale
Sale

105

70

9934

10254 May
80
77
May
Sale
78
May
9034 90
May
8954
8934 May

J

.....

Battle Creek At Sturgis gu 8s
Beech Creek Exten 1st g 1H*
Bell Telephone of Pa 1st 6s B

110
95
Sale

7434 Sale
5034 5434

D

1

93,000
28,000
26,000
1,000
21,000
164,000
1,127,000
2,000

Sale Prices

Sale

9134 Sale
965' 9834

11134

M S

J

Sale

113

I

....

2,000
382,000
637,000
1,717,000

Ask

Highest

80

90

J

1st 39-year 5s ser B

77
79

8934

S

M

10334

9134

D

39,000 Baldwin Loco Wks 5s stpd
1940
235,000 Bait Ac Ohio 1st g 4S
July 1948
Refund At gen 5s ser A
422,000
..1995
1st gold 5s
July 1948
314,000
Ref and gen 6s, series C
388,000
.1995
P L E At W Va Sys ref g 4s
74,000
1941
Southw Dl* lst3H* at 5%
168,000
1950
Tol Cln Di* 1st & ref 4s ser A..1959
25,000
295,000
Refunding 6s series D
2900
Con* g 4Ha...
1969
1,135,000
Ref Ac gen 5s series F
1996
456,000
10,000 Bangor At Aroostook RR 1st g 5s '43
Con ref mtgc gold 4s.. ........1951
33,000
4s stamped.....
....1951
65,000

12~666

RANGE SINCE JAN.

Lowest

May 31

Ask Bid

Sale

793^ 101
833* Sale

Austin At NW 1st g 5s guar......1941

24,000
5,000

Bid
103

...1955
1955

...

July 1952
101,000 Atl Coast L 1st cons 4s
General unified IH* aeries A.. 1964
123,000
10-yr coll tr 5s
105,000
...May 1 1945
L Ac N collat gold 4s...
132,000
Oct.. 1952
58,000 Atlantic Ac Danville 1st g 4s
1948
Second 4s
1948
49,000
22,000 Atl Gulf Ac W I SS Line coll tr 5s.l959
2,000 *♦ Auburn Auto'bile con* deb 4 H* '39

101,000
77,000

May 2

Topeka Ac Santa Fa—

Gen g U
♦

PRICES IN MAY

Jan. 3

N. Y. STOCK EXCHANGE

643,000

EXCHANGE—BONDS

....

113

107

May

6 108

May

6

10154 Apr. 14 115

Jan.

11

June, 1938]
Sales in

PRICES IN MAY

Price

bonds

May
Value

Jan. 3

May 2

1938

N. Y. STOCK EXCHANGE

%

Ask

47,000 Chic & Alt RR ref g 3a
1949
286,000 Chic Burl & O 111 Dlv 3Ma
1949
396,000
llllnola Division 4a....
1949
312.000
Ganaral 4a
1958
94,000
lat 8t raf4Ha aariaa B.........1977
111,000
lat 8t raf 5a aariaa A
......1971

A O

Sale

J
M

8

Sale

F

A

Sale

F

A

♦{♦Chic at E 111 lat cona g 4a
1934 A O
{♦Chic Ac E 111 Ry (new co) a 5a ..1951 If N
32,000
♦Certificates of depoalt......
16,000 Chic at Erie lat gold 5a
....1983 MN
403.000 {♦Chic Gt Weatern lat 5f-yr 4a... 1959 M S

175* Sale

163",656

86

Sale

92

Sale

{♦Chic Mil at St P gen g 4a aer A.1989

4,000
♦Gen g 3H« aerlea B
May 1 1989
134,000
♦Gen 4H( aerlea C
May 1 1989
148.000
♦Gen g 4ka aerlea E
May 1 1989
23,000
♦Gen 4H« aerlea F
May 1 1989
249,000
{♦Chic Mil St PAc Pae aatgefa aerAl975
625,000
♦Conv adj 5a........—.Janl 3400
26,000 {♦Chic & No Weat gen 3H«
1987
168,000
♦General 4a
1987
10,000
♦Stpd non payt Fed lnc tax.1987
15,000
♦Stpd gen 4M> non-pay lnc taxl987
59,000
♦Gen 5a atpd non pay lnc tax.1987
♦General4Haatamped_.......1987
17",656
♦♦15-year aecured 4Ha._ ..—1934
41,000
♦lat at ref 8 5a
May 3037
26,000
♦lat Ac ref 4Hs atamped-.May 3037
52,000
♦1st Ac ref 4 Hs aer C
May 3037
375,000
♦Con* 4%a aerlea A
1949

264,000
65,000
25,000

20
20
37
Sale
8
92 h

•♦Refunding gold 4a
♦Certificates of deposit...

1940 if

n

1951 J D
June 15 1951 J D
Memphis Dlv 1st 4a...
...1951 J D
Chle T H at S'eaat lat at ref 6a—1960 J D
M 8
Income guar 5a
...Dec 1 1960
Chicago Union Station—
Guaranteed 4s...........-...1944 A O
1st mtge 4s series D
1963 J J
1st mtge 3j*a aeries E
—1963 J J

19,000
167,000
255,000
65,000
35*8 guaranteed..............1951
179,000
Chicago 8c Weatern Indiana 4a..1952
76,000
1st & ref mtge 4>*a 8er D
1962
60,000 C'hllda Co deb 5a
1943

M S

J

J

M S
A

O

M N

129",656
17,000
2,000
29,000
63,000

24",656
114", 666
20.000
2,000
12,000
2,000

Ti",66o
106,000

2,000

{♦Choc Okl Ac Gulf conaol 5s
1952
Cine Gas 8c Elec 1st mtge 3H*---1966 F
1st mtge

Cln Leb Ac N lat con gu g 4a

J

1942

MN
M N

5a aerlea C guar
1957
lat mtge guar 3 Ha aerlea D....1971 MN
J
J
Clearfield A Mahon lat gtd g 5a.. 1943
lat mtge g

273,000
1,000

113
Sale
20

F

225*

i"

"15"

135*
145 s

175*
165*
85*
85*
85s
45*

9

445*
18

60
Sale
47

85* Sale
7
Sale
8 5* Sale
6 5* Sale
a45* Sale
945*

43

.

185*
Sale
85*
Sale
Sale

46

57

16 5*

16

13

Sale
47

65*
55*
65*
55*
35*
605*

65*
65*
Sale
6
Sale
70

65* Sale
55* Sale
65*
7
5 5*
8
35* Sale
074,
62
605*

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

Sale Prices

165* May
May
May
855* May
75
May
785* May

86
92

4 185* May 11
31 965* May 10
28 1015* May 10
27 97
May 10
May 13
28 85
31 90
May
2

15

105* May 26
10
May
3
565* May
9
165* May
2

135* May
11
May
May
215* May

105* May 19
105* May 18
9
May 31
4
May
4
45* May
4
60
May 16

105*
105*
45*
55*

125* May
May
May
May
May
60
May

10
23
12
23
20
16

20

May
2
215* May 10
22
May
3
22
3
May
23
May
6
85* May
2
25* May 23
135* May 26
14
May
5
135* May
9
145* May 26
16
May
3

26

May
23
May
26
May
26
May
25
May
105* May
35* May
145* May

165* May
17
May
16
May
205* May

10
10

805*
66

545*

72 h

3

35* Mar. 26
60

13
10
13
13
11
11
11
10
12
12
17
12

Sale

56 5*

11

58
34 h
Sale

1035*
1055* 107
1015*

1075* 107h
Sale
100H
90 5* Sale

108

1005* 101
84

108

Sale

815*

86.

58
9

59
18

10

109

30
65

'505*
985*
61

99

1645*
111
104

75

Sale

1055*

1085* Sale
1035* 105

Sale

30

Sale

61

108
Sale

"41

995*
825*

98

70

665*

53

::::: 1015*
99

M N

Sale

87
845*
835* Sale
735* Sale
995*
975*
40
445*
365* Sale

M N

Sale

86

96 h
Sale

865*

1

Jan.

43

43

42

May
155* May
145* May
6
May
55* May
6
May 23
55* May
3
35* May
2
62
May 10

May
195* May
May
75* May
65* May
■.

17

8

May

65* May
45* May
70
May

2
12
10
10
13
11
6
6
14

Sale

o

D
A

166"'
60

O

O

86
100

O

ft*
335*

Sale

87
Sale

110

87
86

104

5

1125*
1125*
1125*
1125*

May
6
May 25

505* May
42
May

9
9

1045* May
2 1065* May 24
1075* May 24 1095* May
6
May
2
1015* May 17 102
.

109

May 23
1065* May 26

1085* May
1045* May
64

May

3

47

May
May
May
May
May

23
31
20
19

98

57
65

675* May 23
56

985* May
57

70

6
May 20
May 12
May
5

101

107 M
1065* 1075*

1055* Sale
103 h Sale
103 h
103

31

975* Sale
155*
21h

J
.J8cJ 1955 J
♦Debenture 4s___.
A8cO 1955 A O
J
♦Debenture 4a................ 1956 J
♦Debenture 4s

Jan.

86

101

Sale

98.
1035

100
105

86

885*

100

Sale

106

...

103 5* 104

Jan,

4

785* Feb.

3
7

67

Jan.

545* Jan.

3

1025* Mar.

1075* Jan.

28

103

Mar.

110

100

Mar.

1095* Jan.
1055* Jan.

3
13
13
3

975* Apr.
71
Apr.
71

Jan.

100

1025* Apr.
1065* Apr.
1015* Apr.

Mar. 11

102

Jan.

Jan.

925*
685*
145*
1065*
1095*

Mar.

48J* Apr.

Mar. 18

Jan.

5

Feb.

15

May 24
May
6

Feb.
1075* Jan.
5 109
102
Apr. 20 1085* Jan.

905* Jan.
925* Mar.
735* Jan.

59

Apr.
925* Mar.
Mar.

97
57
65
99
96

Mar.

1025* Jan.

100

60

57

May 20
Feb.

May
975* Apr.

106

1035* Mar.
1075* May

1055* May 18 1055* May 18
Jan.
4
1065* Jan. 26 108
Jan.
4
1065* Feb. 14 108

18 1065* Jan.

25

925* May 25 1045* Jan.
77
Mar. 30 1055* Jan.
715* Mar. 18 1025* Jan.
655* Mar. 29 925* Jan.

4
4
12

Apr.

1
955* May 24 1015* Feb.
Feb.
2
May
3 65
Mar. 31
475* Jan. 10
Jan. 14
86
Apr. 29 99
Jan. 18
Apr. 29 98
Apr. 28 965* Jan. 15
1055* May 17 1125* Jan. 28

26
18
12
20

105

955* May 24
May
3
May 25
86
May
2

97

40

47

35

40

1105*
1105*
1113*
1115*
107
106

May 31 1115*
May 31 111
May
4 1115*
May 2 1125*
May
2 1085*
May
2 107

13
46

425*

40

30

3
Jan. 12
Apr.
6 108
955* Mar. 31 1005* May 18
995* Jan.
3 1025* May 12
100
Apr.
1 1045* May 20

1105* May 31 1135*
1105* May 31 113
109J* Mar. 31 112
1095* Mar. 31 1125*
Mar. 31 1085*
105
1025* Apr.
4 1075*
1005* Jan. 12 101
31 1075* Feb. 19 1085*
17
May 28 1085*
9
Apr.
8 108
27
Apr.
1 1055*
19
Apr.
5 1035*
19
Apr. 21 1025*

1065*
104

225* May 24 225* May 21
995* May
2 1015* May 19
11
105* May 24
May 10

115*
30
44

415* May 10

1075* 1085* 1075* May
1045* 1045* 1055* 1045* May

Sale
104
May
105
1035* 104
1035* May
1035* Sale
1045* Sale
1005* 1015*
1015* 1015* May
1025* May
103
1025* Sale
92
875* May
875* Sale
1035* 1025* May
1035* Sale
103
May
104
1035* Sale
Sale
1045* May
1045* 105

102^

425* May
109

7

1065* Apr. 13 1095* Feb.

100

215*
25
995* Sale
105*
16
105*
105*
105*

5
6
20

1125* May 12

Apr. 14 108

995* Sale
105*
16
105*
115*

Jan.

18

5
20
11
13
25
12
17

345*

1085* May 31 1085* May
1085* Sale
1075* May 28 1085* May
1085* 1085* 1075* Sale
107
May
1075* 1065* 1075* 1075* May 17 108
1025* Sale 1035* Sale 1025* May 2 1035* May
1015* May 3 1035* May
1035* Sale
1015* Sale
101
May
2 1025* May
Sale
101
1015* Sale

25

3

May
May
May
Sale
945* May
93
May
865* May 4 90
Sale
86
May 31
945* May
1055* 1055* May 17 1055* May

965*

Sale

108

22

1

3

w*
99

May
May
May
Apr.

May
May
May 19
May 19
May 28
May
5

60

3

13
13
14
12

935*
925*
865*
795*

1115* 1105* Sale
112
1105* Sale
1115* 1115* 1115*
1115*
1115* Sale
Sale
107
1075* Sale
Sale
106
1065* Sale

38

1065* -Sale
103 5* Sale

4

May
May
May
May

925* May 25
855* May
3
79
May 28
73
May 27

May
May
May
May

105*
105*

.......

Jan.

Mar. 31

785* Feb.
3
49
May
6
38
May 25

107 5* Sale
18

10

18
10
13
8
8
12

85* Jan.
8
55* Jan. 10
70
May 14

100

——

111

1055* 106

Jan.
Jan.
Jan.
Jan,

Mar. 29

May 12

1055* May 18 1055* May 18

111

1135*

Jan*

195*
185*
95*
85*

55

1065* 1095*
Sale
1075* 108
1065* May
3 108
995* 985* May 3 1005*
985*
985* 995*
1015* May 31 1025*
1015* Sale
015a Sale
3 1045*
1035* 1035* 1035* 1045* 1035* May

114

1085* 1085*

Mar. 25

51

3

14

107

114
113

6

55* Mar. 29
55* Mar. 30

106

Sale
95*5* Sale
99 h Sale
101
102
l07

Apr.

145* Mar. 29
145* Mar. 30
55* Mar. 30

86

57

1015*
925*
865* Sale
77
80
73
Sale

1
12
12
12
11

Jan.

Sale

1055*
1035*
1025*

1525*

18

7

99
99
1045*
955*
110
106
1065* 105
May 17
May
6 106
1115* 1075* Sale
1075* May 28 1125* May 12
1055* 1075*

152"

8
2

Jan.

Jan.

115

1045*
955*

98

107
104

Sale

Feb.

18

65* Mar. 30
35* Mar. 30

108

485*

22

175*

Feb.

75
70

26
25

Jan.

18

1045* Sale
1065* Sale
1085* 1085* 1075* 109
1015* 1025* 1025*

8

23
23
19

If 8

Jan.

1055* Sale
1055* May 31
1045* May
3
1055* 1055* 1055* May 28 1075* May
Sale
104
3 1055* May 11
1035* May
1005*- Sale
10058 May 28 1015* May 11
85 5* Sale
May 16
3 90
835* May
845* 865* May
895* May 12
Sale
55
May 31 655* May 17

110

104

26

11

38

107

30

5!

12

38

Sale

18
29

1

Mar.

145* Feb. 25
Jan. 10
Jan. 12
Jan.
7
85
112
Feb. 15
Jan.
§55* Jan. 17
14
30
36
Jan. 15
Jan. 17
Feb. 14
8
135* Jan.
45* Jan. 12
Jan. 13
18
185* Jan. 13
185* Jan. 13

22

35

Sale

1045* 105
Sale
100
92 h Sale

31

Feb. 25

15
13

Mar. 28

49

109

31

3

Feb. 23

Mar. 26
Mar. 25

50

109

15

28

Jan.

7

45

1045* Sale

Feb.

3
3
11
12

15
7

51
42

Sale

May 16

Apr.
205* Mar.
205* Mar.
21
Apr.
195* Apr.
75* Mar.
25* Mar.
135* Apr.
135* Mar.
135* Mar.
145* Mar.
155* Mar.
165* Jan.

59

1075*

Mar. 25

3
3

Jan.
Jan.
Jan.
Jan.

Jan.

105

195* May 12
105* May 13
10
May 11
10
May 11
55* May 11

35

105

1

8
12
5

Jan.

109

165* May
85* May
8
May
3
85* May 25
45* May 27

59

"43""

1

Apr.
Apr.

May 31

112
20

265* Jan.
1075* Jan.
1115* Jan.

1095*
28
905*
30
175*
30
165*
9 108
23
225*

9

65

59 n

86

31
28
27
28
31

May
May
855* May
75
May
785* May
90
Jan.
85* Mar.
75* Mar.
565* May
155* Mar.
92

12
13
16
11

68

Mar. 22

86

.....

o

38,000 ♦Consolidation Coal a f 5s.......1960 J J
Consumers Power Co—
1st lien 8c unif mtge 3H*—
1965 MN
44,000
1st lien 8c unif mtge 3 Ha....—1965 MN
30,000
1st mtge 35*s
76,000
—1967 MN
1st mtge 3Hs
276,000
........
1970 MN
1st mtge 3k*
85,000
—........1966 MN
41,000 Container Corp of Am 1st a f g 6S.1946 J D
Deb gold 5s—
52.000
1943 J D
1951 F A
142,000 Crane Co a f deb 3H«
87,000 Crown Cork 8c Seal a f 4a........1950 MN
17.000 Crown Willamette Pap lat a f g 6a 1951 J J

Sale

47

Sale

155*
.....

106

Columbus 8c Toledo 1st ext 4a...1955 F A
227,000 Columbus Ry Pow 8c Lt 4s
1965 MN
440,000 Commercial Credit deb 3H*—»—-1951 A O
278,000
2Hb debentures
..1942 J D
235,000 Commercial Invest Tr deb 3H*--1951 J J
Commonwealth Edison Co—
J
49,000
1st mtge g 5s series A
1953
D
61.000
1st mtge g 58 series B
1954
A O
30,000
1st mtge g 45* 8 series C
1956
1st mtge g 45*8 series D.......1957
30,000
260,000
1st mtge g 4s series F
1981
70,000
1st mtge 35*8 series H
—1965
Conn Ac Passum Rlvs 1st g 4a
1943
"3",666 Conn Ry Ac Lt lat g 4HS
1951
20,000
Stamped guar 4 H»
1951
25,000 Conn River Power a f 3H* A—..1961
401,000 Consol Edison (N Y) deb 35*a
1946
3 Ha debentures...
251,000
...1956
518,000
3H« debentures
.
1958
H Con sol Gas Co deb 4 Ha
1951
Consol Hydro-Elec Works of Upper
10,000
♦Wuerttemberg lat 7a.
1956 J j
949,000 Consolidated OH conv deb 3H*--1951 J D
4,000 {♦Consolidated Ry deb 4s.......1954 J J

145*
155*
16

17
10
9 5*

8

O

A

Sale

Sale

45* Sale

J

A

225*
Sale

Sale

16

165*
7 5*
75*

O

A

Sale

37

A

Colo Fuel A Iron Co gen a




7

155*
145*
155*

12

A

Coal Rlv Ry lat gu 4a

For footnotes, see page 30.

68

Sale

-----

1945
f 5a..1943
♦5a Income mtge...
.........1970
Colorado & Southern 4Hs ser A.1980
Columbia Gaa At Elec deb 5a._-.1953
Debenture 5s ......—Apr 15
1953
Debenture 5s—.......Jan 15 1961
Columbia 8c Hock Val lat ext g 4a '48

50
ill 5*
23
18

22

135*

General 5s aerlea B

1950
1977

5

225*

12 5*

D
1993
D
....1993
J
Ref At Impt 4 Ha aerlea E
1977
J
Cairo Dlv 1st gold 4s
1939
J
Cln W At M Dlv lat g 4a
1991
St Louis Dlv lat coll trust g 4a.1990 MN
Spring Ac Col Dlv lat g 4s
1940 M S 1015*
W W Val Dlv lat g 4s
—1940 J J
Cleve-CHffs Iron 1st mtge 4H«—1950 M N
Cleve Elec Ilium lat M 3H*
1965 J J
Clev Ac Pitts gen gu 4Hs aer B..1943 A O
Series B gu 3Ha—.—...
1943 A O
Series A gu 4Ha._
—1943 J J
108
Series C gu 3 Ha
1948 MN

C C C 8t St L gen g 4a

General 4Hs aerlea A..
Gen 8c ref. mtge4H« aerlea B..1981
21,000 Clev Short Line 1st gu 4 Ha
1961
107,000 Clev Union Term lat gu 5Ha A..1972
98,000
1st a f g 6s aeries B guar
1973
148,000
1st a f 4Ha series C._—
1977

50,000
47,000
481,000
14,000

el*
69

Cincinnati Union Terminal—

Series D gu 3Ha

25",665

A
D

I'67

3H«

4

111 5*

3

16
O

13

105*
Sale

35*

55*

4

A O
MN
MN
MN
M N
MN
MN
M S
j d
J D
J D
MN

Gold 3 Ha

9,000
34,000

9

11

95*
95*

15

195* 24
85* Sale

A

Sale

20

18

♦♦Sec. gold 4H«
♦Certificates of deposit....

......

165*

9

20

J

72

10

205*

A

11

d"

105* Sale

RANGE SINCE JAN. 1

Lowest

100

105*

63
Sale

20

aeries A......1953 ii"s

64,000
♦Convertible gold 4
2,000 Chic SL&NO
gold 5a

11

16H

F

1934

52

Sale

9 5*
55

J
J
J
J
J

♦{♦Chicago Rya lat 5s stamped
5,000
Feb 1 1938 25% part paid
1937
181,000
{♦Chic R 1 Ac Pacific gen g 4a....1988
11,000
♦Certificates of deposit.....

213,000

10 h

Sale

Sale

90

52

Sale

85 5*
75

Sale

90

Sale

1949 J

Chic L S at Eaat lat 4«a

185*

Sale

95

Sale

8,000 {♦Chic Indianap at Loulsv rf A 4a1947 J
10,000
♦Refunding gold 5a aer B
1947 J
9,000
♦Refunding 4a aerieaC
1947 J
41,000
♦lat at general 5a aerlea A......1944 M
11,000
♦lat at gen 4a aerlea B
May 1944 J
3,000 Chic Indiana at Sou 54-yr 4a
1954 J

Ask

1005* Sale
955* Sale
825* Sale

Sale

117",656

May 31

Ask Bid

Bid

Sale

i

........

23

exchange—bonds

n. y. stock

May
1065* May
1055* May
105 5* May
102
May
103
May
92
May
104
May
104
May
105
May

4

13
6
5
14
5
9
20
24
19
10

205* Feb.
925* Mar.
10

Apr.

115* Mar.
115* Mar.
155* Feb.
40
Apr.

245*
1015*
175*
165*
115*
155*
54
109

985* Apr.
83

Mar.:

995* Jan.
103

Mar.:

1025* Mar.:

Feb.

4

Jan.

28

Feb.

2

May 19
May 28
Mar. 15

Jan.

12

May 31
May 17
May
9
Feb.

Jan.

3
3

May 19
Mar.

2

Apr.
May
Jan.
Jan.
Mar.
Feb.

22
19
17
13
31
9

Jan.

13

May 13
1065* May 6
1055* May
5
105 5* May 14
102
May
5
1055* Jan. 13
92
May 20
104
May 24
1065* Jan. 26
105
May 10

24

N. Y. STOCK
1

Sales in

8-u

1938

$
62,000 Cuba Northern Rys lit 5k*
...1942 j
64,000 Cuba RR 1st 50-yr g 5«
.....1952 i
19,000
7ks series A extended to..
1946 j
6s series b extended to.......1946 j
5,000

12",666
70,000
51,000
18,000
155,000

j

1951 M n
M N
J

108

lg*

j

F

A

5k
4k

M

.1947

j
8

A

G..1966 M
1995 j

S

3k
8k

♦Second gold 4s
1995 j d
Detroit Term Ac Tunnel 1st gu 4k a '61 M n
Dow Chemical deb 3s
1951 j d

38

{♦♦Dul So Shore 8c Atlantic g 5s. 1937 j
1965 J

j

j

Duquesne Light 1st M 3k®

1948 A

O

1956 MN
j
1939 J
J
1995 J

..

Ed EI 111 N Y 1st cons g 5s

conv deb 4s... 1952 F a
Elgin Jol Ac East 1st g 5s
1941 M N
El Paso Nat Gas 4ks series A....1951 J d
El Paso Ac S W 1st Ac ref 5s
1965

Electric Auto Lite

5s stamped
...1965
Erie 8c Plttsb gen gu g 34« ser B.1940
Series C 3Hs
1946

6,000
4,000
128,000 {♦Erie RR 1st con Ac prior lien 4s 1996
♦1st consol gen lien 4s.
223,000
1996
♦Conv g 4a Ser A
35,000
........1953
♦Series B„.
1953
22,000
♦Gen conv 4s Series D
2,000
1953
♦Ref 8c impt gold 5s ser 1927 ..1967
275,000
♦Ref Ac imp 5s ser 1936........1975
847,000
♦Brie Ac Jersey 1st s f 6a
22,000
1955
♦Genesee Rlv RR 1st s f 6s
7,000
1957

4k
40

112k 113k
108 k 109
109k Sale
105
105 k
38

g 4s...

14
6

Sale

8k

d

con

Sale

AO
j

Gen Acre! 4k«seriesD
1961
Gen Ac rel 5a series E.......... 1952 A O
Gen Ac ref mtge 4s series F_.
1965 a o

Ed El 111 Bkn 1st

51k
39

18§*
M

3k
15 k

4

80

55

20 k
99

110
Sale
Sale

104 k
15

Sale

108 k

37
Sale
Sale
Sale
Sale

4k
7k
3k
18k

Sale
14

Sale
5
Sale

4k

Sale Prices

May
May
May
May
May
108
May
108
May
10 k May
May
May
May
May

4
27
5
31
3
5
4
2
10
27
5
31

3k May

3

t*

L08k May 13
39
May 12
L08

8k

May
May
May
May
May
May
May
May
May
May

4

May 12

L04

L07k
108 k
L08k
12k
14
6
5k

5
16
3
19
26
11
12
6
10
10

112 k May
2
108
May 27
109 k May
2
106 k May
9

113

May
6
109 k May 18
111
May 19
107 k May 31

20
96 k z94

May 19 20 k May 16
May
5 99
May
2
104 k May
2 105
May 11
14
18 k May
May
2
15k
19k
9
108 k May 25 110
109
Sale
May
9

Sale

103

105
79 k
95 k

51

Sale

43

Sale

42 k

101k Sale
101k 104
36* Sale

60

k

104""
45
45

101k
10 ik

Sale

Sale

56

it*

39
20

17

14

16

14

80

13
10 k

14

Sale

12

J

30

tly>

50

103
70

May
4 104
May
May
3 74 k May
101k May 17 102 k May
132 k May 28 132 k May
99 k May
2 104
May
107 k May 23 107 k May
104 k 103 k May
4 104 k May
79 k
95k
102 k 101k May
2 103
May
104
103
May 24 103
May
Sale
2 45
36k May
May
23
17
May
2 25
May
Sale
14
May 31 20 k May
Sale
14
May 31 20
May
17
17
17
May
9
May
Sale
10 k May
2 15k May
Sale
10
May
3
May
49
38
May
5
May
Sale
36
May 25 39
May

27
13
3
28
12
16
17

26
24
12
11
13
11
9
11
11
13
31

92

105

87

F

A

62

d

101k 102
95 k
97

m

s

5a International series......1942 M
First Hen s f 5s stamped......1942 M

8

8

1959

1

1974

{♦Fla East Coast 1st 4 k®
♦1st Ac ref 5s ser A

M S

d

♦Certificates of deposit

95k

98

Ilk
39

39

"62 k

Sale

45
63

101

Sale

100

70

62 k May

Sale

U*
95

93

89 k
94 k

93

94k

93
95
78

95

96

101
86

78

Sale

94k

95 k
60

96

Sale

34

60

50

"53""

34
50
5

Sale

96

m

99

94 k
95

99

,

Sale

5k

Sale

5

6k
6k

90

5

Mar

41

Jan.

4

35

Apr.

4

43
Feb.
54 k Feb.
58 k Feb.

8
7

52

9

9

Feb.

108 k May 13
54 k Feb.
9

105k Feb.
28

Sale Prices

1

26

.

Mar.

106k Jan.

108 k

Apr. 12

103

Jan.

104

May 16

106

Jan.

108

Apr. 28

106 k Feb.
107 k Jan.

108 k May 19
108 k May 26
15
Feb. 14

8k Mar.
10

Mar.

16
8

4k Mar.
4

5k Mar.
3

Jan.

Feb

15

7

4

May 12

24

42

Feb. 24

111k Apr.
107k Jan.
107

Feb.

Feb. 17
Feb. 25
10k Feb. 17

Mar.

2
113k Feb.
109k May 18
111
May 19
107 k May 31

Apr.

103 k Apr.
Jan.

37

20

Jan.

29

May
May
102k Apr.
14
Apr.

33
109

Mar.

105

Mar.

23

Jan.

106

Jan.

110

May

103
70

Mar. 11

94

May

4 108
90

101k May 17 103
131k Jan. 26 132

Jan.

2

12
8

7
9

Mar. 10
10
Jan. 10

Jan.

May 28
94k Mar. 31 104
May 12
21 109 k Mar. 2
102 k Feb
1 104 k May 17

106 k Apr.

101
Apr.
100 k Apr.

103

May 16
May 24

103

33k Mar.
16

Jan.

Mar.

51

3

Jan.

Mar.

13

3
3

Jan.

12 k Apr.

36 k Jan.

17

Se

May

9 k Mar,

9k Mar.
May
May
88k Mar.

itlH

38

Jan.
Jan.
Jan.

Jan.
Jan.
101k Jan.

36

85

6

26
3
3

3
6

13

87

89 k
89 k

60

6

"55"
51

May
May
May
May

6
5
2
2

May 26
May
2
May 10

93
May
6
99 k May 12
78
May
2
77
May
5

59

Mar.

97

Mar.

65
May 26
'02* Jan. 17

89k Apr.
92 k Mar.
89 k Apr.

r

89 k Apr.
2100
Mar. 26
85

75

Jan. 12
Mar. 8
Jan. 19
Jan.
6

51
5
4

May 20
May 31
k May 27

53

May

6 k May

5k May

5
12
5

Mar.

1

93 k Apr.

97

May

5

40

96

Sale
Sale

2 65
May
6 101
May 10 93

Mar.

49

Mar.

40
58

Mar. 17
Jan. 17
Jan. 10

3k Mar.
3k Mar.

II

Jan.

11

4ks.l952
MN

17k

2k

17k

2k

2k

lk
lk

2k
Sale

2 k Mar.

lk

17k

8

2 k Mar.

8

1982

Proof of claim filed by owner.
♦Certificates of deposit...

58,000

Sale

Sale

J

31

31k Mar. 31

42

37

95
105 k

103

131k
98 k Sale

J

ref

1

Highest

Sale Prices

35
May 10
39k May 11
51k May 12
39k May 24

80

110

95k

O

♦♦(Amended) 1st cons2-4s

MN

Fort St U D Co 1st g 4k«
1941 j"" 5
j
HFramerlc Ind Ac Dev 20-yt 7k*. 1942 j
9,000 Francisco Sugar coll trust 6s
1956 mn

"3". 660

28,000 {♦♦Galv Houa Ac Hend 5k® A....1938 A O
Gas Ac Elec (Bergen Co) 5s
1949 J D
82,066 Gen Amer Investors deb 5s ter A.1952 * A
A
1947 J
J
39,000 General Cable 1st a f g 5
11,000 ♦General Elec (Germany) 7o
1945 J
J
♦Debenture 6H*-.—————1940 J ®
10,000
♦S f deb i 6a .7
1948 M n
39,000
General Motors Acceptance Corp—
10-year debenture 3s..
1946 F
161,000
15-year debenture 3k®
167,000
1951 F
12,000 General Public Service deb 5V6S.1939 J
Gen Steel Castings 1st 5k* w W..1949 J
149,000
Oct. 1945 *
16.P00 {♦Ga At Ala 1st cona 5s
♦{♦Georgia Carolina Ac NorthernExtended at 6% to July 1 1934
1,000
6,000 ♦Good Hops Steel At Iron see 7s. 1945
305,000 Goodrich (B F) Co conv deb 6a..1945
1st mtge 4k®
1956
225,000
339,000 Goodyear Tire Ac Rubber 1st 5s..1957
Gotham Silk Hosiery deb 5s w w.1946
60,000

36,000

5

109

89k

J

Proof of claim filed by owner

44,600

a*

Sale

104
100
105
75
72 k Sale
102 k 102 k 101k 102 k
132 k Sale
131k
100 k Sale" 102 k Sale
108
107 k
106

107 k
103 k 106 k

A

♦{♦Fonda Johns Ac Glov

~i",666

Sale Prices

31k May 31
May 31
47 k May 14
39
May
7
35

30

103 k 104
103 k
70 k Sale
Sale
53

1st lien s f 6s stamped....
119,000
1942 m 8
36-year deb 6s series B
1954 J D
2,000
J
10,000 Fiat deb s f 7a_.
.....1946 J
{♦Fla Cent Ac Peninsular 5s..... 1943 j J

"~8~, 606

42k

Lowest

Highest

37

70

j

33,000 Brmesto Breda Co 1st mtge 7s....1954
213,000 Fairbanks Morse deb 4a
...1956
2,000 Federal Lt Ac Tr 1st s f 5a....
1942

203,000
26,000

46

112k H2k
108
Sale
108 k 109
110
Sale
109 k Sale
106 k 106 k 107 k Sale

♦N Y Ac Erie RR ext 1st 4s.....1947 MN
♦♦3d mtge 4Ha
1938 M S

"T,o66

Sale
Sale
49

112k Sale

98

m N

Ask

31k
35

108 k 108 k
108

108

j

J

F

8,000 Eastern Ry M No DIv 1st g 4s
13,000 Eastern Tenn Va Ac Ga 1st g 5s
40,000
2,000
289,000
7,000
7,000

36k

34
Sale

107 k 107 k 108k 108 k 108
32 k
32 k
34 k
31k
31k
108
108
108
103 k Sale
103 k
103 k
107 k
107 k
107 k

j

{♦DeiMoines Ac Ft D 1st gu A 4s..1935
Certificates of deposit.

Gen Ac ref mtge 3k« series
♦Detroit Ac Mack 1st Hen g 4s

46

d

1969 J

1st mtge fold 4Hs
Denver Gas Ac El 1st Ac ref 5s

{♦Dee Plain#** Val 1st guar 4Hs
Detroit Edison —

91,000
112,000
186,000
61,000

d

1943 m N
J

1st Ac ref 4ks

Stamped as to Pa tax
99,000 t♦♦Den Ac Rio Gr 1st cons A 4s ....1936
♦♦Conaol gold 4Hi
5,000
1936
27,000 {♦Denv Ac R Gr West gen 5a Augl955
♦Assented (subject to plan)
85,000
♦Ref Ac Imp mtge 5s ser B
105,000
1978

10,000

33 k
39

j

1971 j
1969 J

1,000 Delaware Pr Ac Lt 1st U 4Hs

Ask Bid

Bid
d

Lowest

May 31

May 2

1960 A O

11,000 Dayton Pr Ac Lt 1st 8c rel 3k®
285,000 Del 8c Hud 1st Ac ref 4s
4,000
8,000
12,000
15,000

RANOE SINCE JAN.

Jan. 3

STOCK EXCHANGE

Value

PRICES IN MAY

Price

BONDS

May

EXCHANGE-BONDS

J

d

j

d

M N

m

s

1942 J
J

d

Gouv At Oswegatchle 1st 5a
Grand r Ac I ex 1st gu g 4^s

1941

j
A
J

102

104
...

...

109
60

89k
117k 118
100 k

Sale

97

99 k

38k

43 k
42

"38k

48

102 k
102

Sale

mtmmm

50

Sale

96
Sale

104 k

35
90 k
118

95
Sale

102
92 k
46k

93

91k
94 k
103 k

Sale

46 k

Sale
Sale
97
43

6

lk May 27

97

98

93
47

49
49k

47

104 k

Sale

103
96
38

Sale

Sale
97

18
28 k

20

92 k
92

May

May
May
May

46 k May

5

96 k May 14

7 102 k
4 98 k
25 47 k
2 e48
2 48

Sale

94

Sale

Sale

104

Sale

May 27

60
100

May 21

85

May 10
May
4
May 17

39

104

May 3 104 k May 19
103
May
5
May 26 104
97
May
3 98 k May 10
37 k May 27
43 k May
6
17
17
May
3
May
3

Sale

Sale

.

46 k

92

6
9

2
lk Mar.26
Feb. 26
k Apr. 29
lk Feb. 10
103 k Jan. 17 103 k Jan. 17
103
Mar.
1 105uuMar.30
35 k May
5 49k Jan. 18

39
39

Jan.

20

97

Feb. 19

Mar. 30 102

Mar. 30
Mar. 24
Mar. 28
Jan.
4

k May 27
99k Jan. 15
48 k Apr. 22
48 k Apr. 20
48k Apr. 20

101k Mar. 31 104 k May 19
101
Mar. 31 104
May
5
89
Apr.
7 98 k May 10
37
May 27 57k Jan. 12
14 k Apr. 19
21
Feb.
1

May 3
May 13

13
Apr.
4
25k Jan. 13

25
34

Jan.

12

Apr.

12

91k May 2 95 k
Sale
92
May 27 96k
105 k Sale
104 k May
2 106
81k 80 k May 20 83 k

May 27
May 12
May 26
May
6

78 k Apr.
1
84
Mar. 31

98

Jan.

90

25
104

85

May" 24 l04" May"24 106k Jam'19

70 k

75

69

68

70

60

70
65

Sale

104k

70

May

k 101 k May

14k

91k

l04"
73
Sale

99 k

102 k 102

28

35

87

71k

1

28

15

w

96
118

Sale

104 k
103 k
96
42

15
27 k

Sale

2

100

46k

47

25

18

8^

105 k 104k 105k 104 k May 27 104253tMay
39
35k 37k 35 k May
5 38
May

30

19k

d

j
Grays Point Teem 1st gu g 5s
1947
Gt Cons El Pow (Japan) 7s......1944 F
J
1st At gen s f g 6 ka
1950

lk

32

17
May
3
29 k May 13

l04

17
30

May24 104

70

May
6
64 k May 27

72 k May 10
70 k May
5

11
99k Jan. 19
May 26
101k Mar. 30 106
74 k Mar. 30
83 k May
6

Jan. 13
64k Mar. 29
65

77

Mar.

8

71k Mar. 18

Great Northern Ry—

305,000
185,000
52,000
22,000
368,000
299,000
189,000
51,000

20" 606

"T.ooo
14,000

1st At refund 4ks Ser A ......1961
Gen mtge 5 k* Ser B__
...1952

J

111k

Sale

j

1973

j

104
98

Sale

Gen mtge 5s Ser C

Gen 4k* Series D
1976
Gen 4k® series E
.......1977
Gen mtge 4s series G..........1946

J

88 k

Sale

72

J

Sale

72 k

Sale

69k

Sale

85

Sale

83

Sale

Gen mtge 4s series H..........1946
Gen mtge 3k® series I
1967

J

89 k
102 k
94 k
79
50

Sale

76 k

Sale

77

Sale

Sale

66 k
45

Sale
54

63 k
45

Gulf Ac Ship laland ref 5s

I'

L

L

8k

1940 MN
1950

A

O

A

O

1952 j

j
j

o




9k

"90" ~
"82"
60 k
60 k

84

Sale

73 k

9

Sale

104 k
60

65

60

63

80

"64""

8

60
61

71k
72

68

103
93 k
83
71k May 26 77
77
71 k May 26
99 k May
87
May

78

May

5

82

k May 27
76 k May ,2
63
May 25

May
May
May
May
May
92 k May
83 k May
71 k May

24
12
14
9
7
7
9
12

80
64

85

91k
85

82

83

Sale

103

Sale

o

103

Sale

102 k

May 23

10

May 10

65
May 11
62 k May 25

65
65

May 11
May 16

8

Sale

85
85 k
83
87
May
103 k 104
103
May
103
104k 102 k May

108 k

107k
18

118k Sale
61

108k
LU054

25k
110k 112

L12k

58
15

64 k
36

Sale

111k Jan.
104

Jan.

99
90
89
103

k Jan.

95
82

Jan.

60
10

Jan.

25

Jan.

12

81
82

Jan.
Jan.

91

Jan.

20
3
6

Jan.

7

Apr.
Apr.

71k Mar.
69 k Apr.

79k Mar.
74
Apr.
63
May
Mar.

7

Mar.

55
Apr.
4
55
Mar. 29
90 k Jan. 27

91k Jan.
6 84k May
9
2 105
May 14
2 103 k May 14

108 k May
4 108 k May
27 k May 14
27 k May
111k May
5 113 k May
60
61k Sale
May
6 64 k May
30
35k 36
May 13 36
May
25k

96 k Apr.
84
75

54

60

Sale

91

101k

51k

Sale
Sale

80

o

j
3,000 Hackensack Water 1st 4a
1952
j
1949
2,000 ♦Harpen Mining 6s
20,000 Hock Val 1st con g 4k*........1999 J J
A O
Hoe (r) Ac Co lat mtge
1944
29,000
10,000 {♦♦Houaatonlc RR con g 6s.....1937 MN

For footnotes, see page 30.

60

105 k

1950

a
10,000 Gulf Statea St'l lat mtge 4ks
1961
64,000 Gull' States Utilities 4s series C..1966 a
10-year debenture 4k*———.1946 a
121,000

_

i

Feb

Feb 1952 j

Stamped
'■

J
Feb

♦Green Bay At West deb ctfs A..
♦Income debenture ctfs B_.

Greenbrier Ry 1st gu g 4s
Gulf Mob Ac Nor 1st Sks ser b
lsr mtge gold 5s aeries G

J

1001 Sale
87 i Sale

Sale

76

Apr.

99 k Apr.
100 k Apr.

k Jan.
k Jan.

k Jan.

7 92
88
4
8 105
5 103 k

Mar.

3
3
10
11

5
10
10
2

7
May 14
Mar. 21
Jan.

18
14

108
27

Jan. 18 108 k May 18
Mar. 25
27 k May 14

9
12
13

108

Apr.

14 119k Jan. 14
64 k May 12

52

Mar. 30

36

May 13

38k Feb. 17

N. Y. STOCK

June, 1938]
Sales in

$
63,000
550,000
13,000
254,000
362,000

2.

BONDS

May
Value

n.

1949 mn

120

County Gas 1st 5s

A

-.Feb 1957

Sale

52 5*

12b\h
Sale

1085*
98

1951

93

93^

Bid

1005*
215*
120
41

1951

-

1951
1952 A O
.....1955 MN
J
Purchased lines 1st 3Hl
1952 j
Coll tr g 4s
1953 MN
Collateral trust gold 4a

Refunding 4s

103

93

"54"

Sale

"35"

47 5*

Sale

365*

"44"

Sale

62 5*

355*

Sale

40-year 494s

19*4 F
19M
1951

355*

Sale

295*

103 5*
82

76

Louist DIt 9c Tor g 3 Ha
Omaha DIt 1st g 3s

Western Lines let g 4s

Sale
425*
Sale

80

84
815*
695*
595*
70

80

1953
1951
1951
Gold 3 Ha
1951
Sprlngf DIt 1st g 3Ha........l951
....

St Lou DIt 9c Term g 3s

"325*

91

50
Sale

485*
Sale
84

725*

63

80

63

39

May

Sale

39

Sale

al065* Sale

195#
1,000 $+Indlanapol 9c Louise 1st gu 4a 1956
Indianapolis Union Ry—
Ref & lmpt mtge 3H« aer B....1986 m s
1,000
138,000 Inland Steel 394a series D.......1961 F A

584,000 ttnterboro R
29,000

1944 J

T 1st Ac ref 5s

J

1045* Sale
49

Sale

165*
465*
495*

Sale
55
Sale

72

Sale

106

465*

♦Certificates of deposit

466,000
♦♦10-year 4% notes
1932 A O
422,000
♦♦10-year 7% notes.
1932 M b
21,000
♦Certificates of deposit.......
54.000 Interlake Iron coqt deb 4s
.1947 X" 0
Corp 1st Be coll ctf 5s—
Stamped extended to....... 1942

mn

J

1952 J
72,000 ^Internet Gt Nor 1st 6s A
23,000
♦Ad| mtge 6s series A.July 1 195J A
♦1st mtge gold 5s series B.
17,000
1956 J
♦1st gold 5s series C
20,000
1956 J
328,000 Internet Hydro El deb 6s
1944 A

O

141,000 Int Merc Marine 1st

O

....

s

f 6s

1941

A

O
J

1005* 1005*
17

17

J

J
186,000 Intern Paper conr 5s series A... .1947 J
140,000
1955 m e
Refunding 6s series A._
12,000 Int Rys of Cent Amer let 5s B... 1972 m n
First lien 9c ref 6 Ha
.1947 F A
7,000
J
837,000 Internet T4T deb g 4Ha
1952 J
J
Conrertlble debenture 4Ha... .1939 J
1,361,000
Deb gold 5s
1955 F A
1,064,000
....

.........

Sale

5 5* Sale
28
165*

685* Sale
42
53 H
865* Sale

135*
445*
43

75

1005*
145*
35*

60

May 27
42 5* May
6
285* May 26

415* May 13
48
May 11
355* May 12
84
May 11

31

84

May 11

505* May 10

51

May 11

May 10
335* May 28 40
315* May 28 375* May 11
1065* May
4 1075* May 18

18

May

9

18

May

9

96
May
3
May
106
May
1075* May 12
46
60
May 16
May
57
44
May 16
May
14
May 16
May
6 24
44
May
2 575* May 16
43
575* May 16
May
755* May 31 795* May 12
96

97

Sale
1065* Sale
51
Sale
Sale
505* 48
17
20
14
495* Sale
Sale
46
50
Sale
79
755* Sale

Sale
165*

98

15

Sale

36

Sale

38

88

Sale

87

Sale
85

80
76

it*

11

86
95

75

575*

Sale

535*

89

Sale

61

Sale

♦let 9c ref 4s

1951 m

....

12,000 lames Franklin & Clearf 1st 4s_.1959
199,000 Jones 9c Laughlin St'l 1st M 45*s„196I

J

S

n

m

s

97

1990 A

Kanawha 9c Mich 1st gu g 4s

O

165*
45*
14
14

Sale
41

885*
Sale

81

77

83

61

Sale

84

Sale

90

Sale

57

Sale

665*

Sale

11,000 ♦Karstadt (R) Inc 1st Mtge 6s__„1943
♦Ctfs

w w

♦Ctfs

w w

stpd (par $645)
stpd (par $925)

♦With warrants

~3~666

M N

1943
1943 MN
1946 m

84

245*
215*

27

34

22

Sale

19

70

62

1083* 1085*
1055* 1055*
37
47 5*
165*

635*

Sale

55

Sale

1055*
1045*
40

165*

80
100
.....

....

51

94

945*

675*
235*
17 5*

615*
465*
1055*
1035*
37

20

17

.....

17
25
11

Mar. 29

78

Mar. 29

455* Jan.
555* Jan.
385* Feb.
84
May

Jan.

21

72

Jan.

21

505* May 10

75

Jan.

4

29

Mar. 31

465* Jan.

8

28

Mar. 30

42

Jan.

8

1065* Apr.

20 10754 Feb. 24

Jan.

17

3

May
3
May
3
May 13
May 18
62
May 27
355* May
4
87
May
3
79
May
6
145*
35*
145*
145*

77
75

May 25
May
4
535* May
2
835* May
2
565* May 2

18

Apr.
1015* Apr.
425* Mar.
425* Mar.
10
40
40

Mar.
Mar.
Mar.

65

Apr.

19 101

175* May 12
45* May 11
May 18
15
May 18
695* May
6
46
May 13
905* May 13
825* May 12
78
May 24
80
May 23
675* May 19
92
May 19
70
May 19

13

15

Mar. 25

25* Apr.
Apr.

14

1
23

14

Mar. 25

485* Mar. 31
355* May
4
80 5* Apr.
2

23

855*

1035* 100
95

995*

87

825* May

105
1035* May
905*

3

855* May 20

9 104

May

9

Mar.

51

.1997 A

O

.1949 f

a

1505*

1515*
75

835*

1st Ac

ref 6 H*

J

108

J

1045*

1941 J

i2"666

.1954 J
.1954 J

D

Kinney (G R) 5H« extended to.
1951 MN
Koppers Co 4s series A
J
70,000 Kresge Foundation coll trust 4s 1945 J
3H« collateral trust notes.... 1947 F A
17,000

161",600

tKreuger 8c Toll class

51,000
40,000
143,000
50,000
5,000
7,000

♦5s

Uniform

82

26

94

5

17
12

3

Feb. 24

10
2
13
Mar.
2
Feb.

295*
275*
715*
64 5*
1085*
1065*

Apr.
165* Apr.
61
May
445* Mar.
103 5* Mar.
1035* May

Mar.
Jan.

Jan.

Feb.

145* Jan.
235* Mar.
27
Jan.
80
Apr.

Col

Ac

ref

.1959 m

ctfs of deposit

101

s

28

285*

1939

5Hs ser D

Coll tr 6s series A

85

1953
1960

SH* series C
g

98

1005* 101
985*
99
855*
865*

Sale
80
915*

16

Feb.

8H

24

27

May 16
Jan. 17

87

Mar.

9 1085* Jan.

8

3

95

*50""
50

95

895*
945*

148
80

156

85

90

82

95

97

98

"98"

4
28

Feb.

41

Mar.

1035* May

Jan.

785* Jan.
985* Jan.
90

Feb.

22

40

Jan.

Jan.
7
675* May 19
92
May 19
70
May 19

Mar. 21

Mar. 21

95

151
81

1505* May
76
May

May
4
May 25

995*

95

May

3

975* May 14

995*
Sale
6
1025* Sale
1025* May 26 1035* May
98
May
4 1005* May 23
965* 1005* 995* 1005*
98
885*
915* 93
915* May 11 935* May 24

103

Apr.

Feb.

155

71
Jan.
915* Apr.

81

150

95
98
100

Apr.
Mar.

6

17
16
May
6

985*
1035*
1005*
935*

Apr.
955* Apr.
855* Apr.

23

May 25

1005* Jan.
1035* Jan.

Apr.
Jan.

14

May*24

A

Laclede Gas Lt ref ext 5s..._.
Coll Ac ref

76

3

Mar. 31

90

12
13
10
10
10
4
40
May
2
185* May 21
25
May 16

8
8

12

77

15* Mar. 26

255* May
23
May
675* May
62
May
1065* May
1045* May

Jan.

75
May
4
395* Mar. 31
74
Apr.
1
425* Mar. 31

455* May 26
90
Apr.
1

225* May
May
69
61
May
60
515* May
Sale
105
May
Sale
1035* May
45
40
May
195*
17
May
25
May

Jan.

19

725* Jan.

8
18

May 11

20

195* Feb. 11
55* Jan. 10
19

945* Jan.
835* Jan.

May 14

7

24

May 28

Mar. 31

3

965* May

9

54

51

26

21

Feb.

81

Jan.

3

May

May

1005* Jan. 25
1075* May 12
60
May 16
57
May 16
24, May 16
585* Feb. 28
575* May 16

96

455* May 26
945* May 27

2

Feb~.~2l

"90

125* Jan.

Kings County Elec Lt 8c Pow—
Purchase money 6s
5,000
18,000 Kings Co Elerated 1st g 4s
Kings Co Lighting 1st ref 5s

11

May 27
Apr.
2

100

25

825*

90

1075*

.1961

25*

40

95

98

1961

4H« unguaranteed

25*

Sale

25

855*

825*

Sale

23

23

1961

Plain

Sale

25

695*

505*

96

1085* Sale
985*

p

.1987 J
6,000 Kentucky Central 1st gu 4s
Kentucky 8c Ind Term 1st 4Ha. .1961

Stamped

Sale

27

(par $92.r)_...1943

Keith Corp (B F) 1st ser g 6s

41

2

78

91

80,000 t**K C Ft S Ac M ref g 4s
1936 A O
♦Ctfs of dep (Bankers Trust)..
19,000
0
118,000 Kan City South 1st g 3s..
1950
J
Ref Ac Imp 5s
158,000
...Apr 111950
J
...I960 1
391,000 Kan City Term 1st 4s_.
85,000 Kansas Gas Ac R1 ist mtge 4H8..1980 j r
22,000
5.000

79

3

17

54

May 28

1025* 1005* May 16 101

Sale

15*

25*

Jan.

495* Jan.

23

tlowa Central Ry—

21,000

17

39

87

90

23

63

805*

Sale

Jan.

100

20

35*
115*
115*
635*

11

80
78

70

56

72

31

Int Agrl

38,000

Mar. 31

115* Mar. 31 235* Jan.
5
1065* Apr.
4 1105* May
Jan. 17
85
Apr.
5 98
88
Jan.
7 935* Jan. 12
775* Apr. 19 775* Apr. 19

65

96
.....

96

100 5*

40

lly>

100

::::: "§65*
125* Sale

1185* Apr.

4 1015* May 19
305* Jan.
3
12 1205* Apr. 27
4

595*

"43"'

34
Sale
345* Sale
29
34
315* Sale
1065* 1065* 1065* Sale

Ind Bloomlngton 9c W 1st 4a_...1949
Ind 111 9c la 1st gold 4a

Mar.

375* Mar. 30
345* Apr.
1

111 Cent & Chic St L & N O—

44

13

455* May 13
435* May 26

z385* May

55

90

~80""

Joint 1st 9c ref 5a ser A.......1943
266,000
4 Ha series C
63,000
...1943
72,000 Illinois Steel deben 4H*
1940

995* Jan.

73

40

695*

90

1951

19
31
26
17
17
5

895*

425* "39" Sale
395* 415* Sale

75

65

May
May
May
May
May
May

Sale Prices

Sale Prices

Sale Prices

Sale Prices

1005* May
2 1015*
215* May
2 265*
Sale
120
May 12 1205*
Sale
41
May
2 50
165*
135* May
3 20
Sale
108 5* May 26 1105*
Sale

92

725*

50

55

Cairo Bridge gold 4a
Litchfield DIt 1st g 3s

95

Ask

Sale

Highest

Lowest

Highest

Lowest

93

1955 MN
A

Ask Bid
1015*
265*
121
1205*
47
Sale

Sale
Sale

85

725*

Refunding 5s..........
.....

May 31

135*
145* 16
1095* 1095* 109
80
80
91

99
99

Extended 1st £ 3H«
1st gold 3s sterling...*..

8,000

Ask
Sale

B....1970
1951

aer

1st gold 3

19,000
639,000
1.000

305*

185*

Hudson & Manhat 1st 9c ref 5s A. 1957 F
Adjust Income 5s

May 2

1938

108

Illinois Central 1st g 5s..

147"666

♦

Bid

113,000 Illinois Bel! Telep 3 Hi

37,000
75,000

K

Houston OH sink fund 5Hi A...1940 mn
Hudson Coal 1st s f 5s series A..1942 J D

♦

1

Jan. 3

7. stock exchange

Hudson

JAN.

RANGE SINCE

PRICES IN MAY

Price

©

Bv

35

EXCHANGE—BONDS

57

88
Sale

575*
495*
495*

Sale
535*
62

91

50
47

83
Sale
53
505*

1942

47

26

May

4

315* Jan.

25

May 11
585* May 12
58
May
9
51
May 31
47
May
2

80

Apr.

1

48

Mar. 31
Mar. 31

905* Jan.
615* Jan.

13

Jan.

12

415* Apr.
1
44
Mar. 29

535* Jan.
475* Apr.

17
19

Jan,
955* Jan.
Apr.

905* Jan.
955* Jan.

4
13

28

87

89

22

86

865* May

5

905* May 11

85

20 102

275* May
3
515* May 25
50
May 26

305* May 18
54
May 12
51
May 21

26

85

81

535*

Sale

53

Sale

51

Sale

Sale

525*

May 14

4

May
3
525* May
2
53
May
4
48
May 12
47
May
2

285*
825*

Sale

• 95

...1942

Collateral trust 6s series B

275*
81

62

May

47

60

12

Lake Erie 8c Western RR—
58 1937 extended at

3% to

1947

2d gold 5s

118,000

955*

1941

Lake Shore 8r Mich Sou g 3H>

102

1997

90

65

87

885*
875*

995*
Sale

50

895*

28

30

50

54 5*
50 •

13

Jan.

3

245* Mar. 31

325* Jan.

10

48

Apr.

48

Mar. 31

71
65

Jan.
Jan.

85

Mar. 30

95

Jan.

7
17
12

Lautaro Nitrate Co Ltd—
♦1st mtge income reg—Dec 31 9175
170,000
1954 J
9,000 Lehigh Coal Ac NaT 4 Hi ser A
Cons sink fund 4H* ser C
1954 J
18,000

305*

26

J

295*
705*

73

50

J

65

80

275*
565*
555*

O

94

95

85

90

Lehigh 8c New Eng RR 4s A

1965 A

Lehigh A N Y 1st gu g 4s

1945 M S

1944
2,000 Lehigh Valley Coal 5s
1st 9c refunding 5s...1954
1,000
1st ft refunding 5s
1964
8,000
First Ac ref sinking hind 5s
1974
18,000
Sec 6% notes extend to 1943
3,000
4,000 Leh Vail Harbor Term 1st 5s....1954
—1940
4,000 Lab V (N Y) 1st gu g 4H>
2003
395,000 Leh Val (Pa) gen con g 4s
Gen cons 4H*-.
2003
149,000
Gen con sol 5s
2003
88,000
1941
8,000 Leh Vail Ter Ry 1st gu g 5s
1965
15,000 Lex 9c Bast 1st gu 5s
........

.....

F

A

31

..

306", 660

Loew's Inc a f deb 3 Ha

"2",000

Sale
35

62

Sale

M n

'295* Sale"

m n

Sale
Sale
845*
1175* 124

M n
A

O

A

O

....1962 m n

1946 F

A

1952 J

....

40

22

..

14,000 Lombard Blee 7s series A

625*
Sale

31

1944 A O
80,000 Liggett Ac Myers Tobacco 7s
5s
...1951 f a
27,000
1947 J D
38,000 Liquid Carbonic 4s cony debs
Little Miami gen 4s series A

665*

315*
383*

1305* 132
124

D

♦Long Dock Co 3 Hi ext to......1950 a o
Long Island gen g is....
1938 J D

Sale

1045* 106
1075* 1105*
965* Sale
64

§§"
1005*
835*
855*

4s stamped.
2,000
32,000 Lortllard (P) Co deb 7a

...1949 m S
1944 A O

127

129

1951 f

A

120

122

J

72

.....

5s

8,000
103,000 Louisiana 9c Ark 1st As series A..1969 J
For footnotes, see page




30.

84

20
18

315*
325*

95
36

30
75

Sale

22 5*
21

22

195*

465*
35

35

19

Sale

16

195*

Sale

23

Sale

165*
195*
38 5*

33

59 5*

95

87

865*

Sale

85

May
May
May
215* May
85
May

May
May
May
195* May
77
May
47
34
June
43
35
May
Sale
155* May
18
17
May
19
May
235*
47
45
May
110
1105* May

21
17
21
10

June

11

May
215* May
23
May
265* May
52
May
111
May

29

21

29

80

285*
225*
225*

13
10
9
11
12
24

22

20

34

40

112

107

1285*

Sale

1215*

124

May 12
2 130
1285* 1295* 1285* May
1225* May
5 124
May 17
1235* Sale
1055* May 27 1075* May 11
1055* 107

1065* 107

1

395*
66
Jan.
265* Mar.
185* Apr.

195* May
77
31

May
Apr.
34
Apr.
115* Mar.
13
Mar.

Feb~.~2§

21*
8*

Jan.

12

Jan.

10

Jan.

11

85

May 10

62

J an.

3

505* Feb. 23

W*
32

Jan.

Jan.

3

Mar.

40

Jan.

12

May
1085* Apr.

52

May 12

17
47

Jan.

118

7

4

Jan.
5
1285* Apr. 12 131
Jan. 19
1215* Apr.
7 126
99
Mar. 31 1075* May 11
.

1015*

"995* Sale"

Sale

65

615*

65

615*

30

8*

loo"
"86""

1«49 M P
..1949 m s

Unified gold 4s

29

101

Guar ref gold 4a....

103". 660

425*
85

89

99
62

May
2 10054 May 18
May 10 635* May 21

75

99% May

"87"

W>

75

4

99% May

4

Jan.

99% May
85

75

May
3 775* May
80
775* May
3 775* May
75
128
2 1285* May
1285* 1275* May
1275* Sale
118
120
May 18 119
May
1195* 118
69
Sale
May
2 75
May
705* 715* 69

765*
775*

945* Mar.
555* Mar.

Feb.

May

3

75
76

10

126

14
12

1155* Apr.
605* Jan.

10

Apr.
Apr.

1005* May 18
635* Jan. 18
Jan.
4
90
1005* Jan.
87

885*
885*
1295*
122 5*
795*

17

Mar. 10
Jan.

12

Mar.

2

Mar.

Jan.

1
17

Feb.

26

26

N. Y. STOCK EXCHANGE-BONDS

Sales in

Price
Jan. 3
1938

BONDS

May
Value

N. 7. STOC

EXCHANGE

Bid

12*1,000 Louisville

Gas 8c Elec 3%«1966 M S
28,000 Lou 8c Jeff Bridge gu g 4s......1945 M S

103 %

Ask

PRICES IN MAY

Bid

106% 109%

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

105

101

Sale

103% 103% 105
104%

Sale

Highest

Sale Prices

Ask

Ask Bid

.....

RANGE SINCE JAN. 1

Lowest

May 31

May 2

103% May

105

104

May

3 105% May 27 101% Apr.
5 106
May 10 104
May

7 105% May 27
5 107% Mar.

4

Louisville & Nashville RR—

677,000

J

Unified gold 4s
1944
1st Ac ref 5s series B..........2963
1st Ac ref 4Hs aeries C........2SS3

o

1st Ac ref 4s

35,000
36,000
120,000
82,000
1,000
3,000

o

ser

o

D.............2003

o
1st & ref 3%s series E
...2003
A
Paducah At Mem DIv 4s.......1944
St Louis Dlv 2d gold As.......1986 M S
Mob Ac Montg 1st g 4Ks.......l945 M S

"4"O65

J
South By Joint Monon 4s.....1952 J
Atl Knox Ac Gin dlv g 4s
1955 MN

31,000

Lower Austrian Hydro-Elect Ha-1944 F

18,000
218,000
1,000
27,000
52,000
621,000
116,000
20,000

McCrory Stores Corp

s

A

f deb 5s..l951 MN

McKesson Ac Robblns deb 5KS...1950 M N
Maine Central RR 4s series A....1945 J D
Gen mtge 4%x series A..
1960 J D

100%
93
Sale
87 H
90

77%
107%
112

80%

t»Manhattan Ry (NY) con g is..1990 A O
♦Certificate* of deposit.......

111
—98

99 %
Sale

91)4
67

J
{♦Man G B Ac NW 1st gu 3%a...l941 J
Marlon Steam Shovel s f g is..-.1947 A C

17,000 Market Street Ry 1st 7s
Apr 1946 Q J
136,000 Mead Corp is with warrants
1945 MN

'23% "25"
22 %

Sale

.....

99

90
80
25

66% 76%
84 % Sale
98

187,000 Metropolitan Edison 4Hs ser D..1968 M S 108
19,000 Met Water, Sewer Ac Drain 5tfs_.1950 A° 101
♦{♦Met West Side Elev (Chic) 4s. 1938 F A

85

Ill
75

98*
Sale

102)4

May 23

May 18
May 18
May
9
May
6

47

19%
17%

22

26

80
95%

68%

21
17

ir

76

Sale"
75

"25""

68

May
May
May
May
May
May
May
iV/ay

90
82

May

Feb.
Mar.
74% Feb.

82

112
80

101% May
Jan.

31

Apr.

4
16
13
13
16
16
13

Jan.

0
Mar. 5
Jan. 12
Mar. 30

Jan,
3
Jan. 11
Jan.
6
Feb. 17

Mar. 31 101

Sale
101% Sale

106 *

9
5%

May 2
May 16

96

103

May 16

May 81
May 4
91% Jan. 13

Apr. 25

65

8

Mar. 29
Mar. 31

Apr.

1

Jan.
4
Mar. 15
Jan. 13
32%
31% Jan. 13

Mar. 25

19

May 13

75

Apr.

Jan.

6

96

May 16

70

May 19
Jan. 24

65

Mar. 26

90

77

May 27 97
Apr.
4 100

May 19
May 16

80

75

77
99

May 27 75
May 27 87
May 26 100

106
May
101% May

108% 109
104

May 27
May 11
May 2

109

May 18
102% May
7

91

103% Apr.
99% Apr.

9

6

5% Jan.

2

Feb. 16
Feb. 10
Feb. 28

Mar.
7 109
2 103% Feb.

21

4

8

6% Feb. 18

5%

"24%::::: "25% "30 "

Michigan Central-Detroit Ac Bay
City Air Line 4s———.1940 J J
Jack L At S gold 3%«..
1951 M 8
4,000
1st gold AXa......_._........1952 M N
22,000
Ref 8c Imp 4)4* series G—.....1979 J
J
5,000 {♦Midland of N J 1st ext 5s
1946 A O

3
5

33
Sale

Sale

♦Me* Internat lst4sasstd_.

2 103
23 101
16 78%
4 46
26 27%
4 31%
6 30
10 19

Jan.

Mar. 29

.

68% 85
80% Sale
100

74% May
Apr.

65

100
78
Ill

Jan,

93% Feb. 28

Apr.

98

May
99
May
May
May
22
May
20% May
May
May

100

100% Sale
79%
43
25

75

May 23
May 23

May 23
5
101% May 28 103% May

Sale

105
102

99% Mar.
83% Apr.

May 14

.....

100

6

.1977 M S
♦4s (Sept 1914 coupon on)
1977 M S
♦Mlag Mill Mach 1st s f g 7s..—..1954 J D

75

103% 105%
49

8

1251
72
85
70

92
893
82], Sale
77% Sale
72% 78

96
Sale.

84%
111)4

99
99
89
55

31 101%
27 93%
2 85
27 78
28 75%
V ay 23 100
May 24 81
May
May
May
May
May

Sale

100

...Feb I 1957 MN

Manati Sugar 4s s f

♦3d 4s
2013 J D
Manila El Ry Ac Lt 1st As
...1953 M S
28",000 Manila RR South Lines 1st 4s...1939 MN
3,000
1st ext 4s.
-—.-..........1959 MN

*T66o

Sale

24

Mar. 14

2

94

May 19 101

Jan.

May 4 87
May
4
May 19 65% May 14
15
May 12 17% May
9
101% May
5 102% May 13
100% May
2 102
May
9

87
61

May

Jan.

13

Jan.
Jan.

12

24

Mar. 14

.

10,000

94% Sale

-----

87""

-----

1,000

1st mtge gold 5s
1971 J
{•♦Mil Ac Nor 1st ext 4%a (1889).. 1934 J
IstextiHs
...1939 J
.....

Con ext 4)4*

J

D
D

62%

{♦Mllw Ac State Line 1st guar *%al*41

22,000 {♦Minn At St Louis 5s ctfs.......1934
2,000
♦1st At refund gold 4s....
1949
5,000
♦Ref At ext series 5s A........1942
82,000 {♦MStPAtSSMisstpd guar
1938
34,000
♦lst cons 5s.........
.......1938
70,000
♦lst cons 5s gtd as to Int......1938
5,000
♦lst Ac ref is series A.
...1946

19,000

st Chic Term s f 4s
18,000 {♦Missouri-Illinois RR As
77,000 Mo Kan Ac Tex lst g 4s

------

A

„A

„

nnn

150,000
51,000
32,000
53,000
„

-

65,000

I
M
M
Q
J
J
J
J

S
F
J
J
J
J

ser

1941 MN
A. ..19591
"
1990 J

Prior Hen 5s series A.........1942

46-year 4s series B............ 1942
Pr Hen mtge 4%e ser D._,
1978
♦Cum adjust 5s series A Jan 1947

87
65

95
95

52

May

7

15

16%

May 26

5%

5
3

May 11
May 16
2
May 3
9% May 2

SaiK
Sa7leK

5
9

3%

97

Apr.

May

7

77
51
60

Mar. 15
Apr.
4
Jan.
4

16% May

9

13% Apr. 19

77
52
60
20

Mar. 31
Mar. 26

3

52

5% May
9% May
3% May

4%

4
2
6

64

47
68 %

75

23
57

24
Sale

65

18%
52

20

23
62%

May

May 27
May 26

55

5

45 % Sale
40
Sale

34% Sale

38%

*
J
J
A

29

23

♦1st Ar refund 5s series A

1945

♦Certificates of deposit...

F

8

—

...

♦General 4s..................1975 M 8

251,000

Mst ref gold 5s series H.
♦Certificates of deposit..
*lst At ref 5s ser I

♦1st At ref 5s series F__._...._1977
♦Certificates of deposit...

sist Ac ref g 5s

ser

G

...

M N

1978 MN

♦Certificates of deposit.........
♦Convertible gold 5)4*
1949 MO
.....

------

240,000
27,000

♦Certificates of deposit

1986 A

A

49
Sale

g 5s

18

33%
33%
15% Sale

29%

18
18 %

1947

FA

170,000
♦Refunding Ac Improv't 4)4* ..1977 M S
61,000
♦Sec 5% notes...!.......?..:: 1938 M S
4,000 Mohawk At Mai lst gu f 4s......1991 M S
45,000 Monongahela Ry lst M 4s ser A.Il960 MN

.....

Sale

18

5)4

Sale

19)4 Sale
20)4

.....

......

3
2

16
3
17
10
11
3% May 25

May
May
12% May
7% May
13% May

69%

May" 10

1 102

3

Man 31

4

May 13
May
9
Mar. 15
May
7
Jan.
4
Feb. 23

6% Feb. 28
Jan.

11

3% Feb.

4

14

Feb. 16

Mar. 28

8% Feb. 17

Mar. 30

14% Feb. 18
6% Mar, 2
5% Jan.
3
69% May 10

Apr. 25

2% Mar.
60% Jan.

30

10

May 27

34% Jan.

8

Mar. 31

20
48

67

4

Jan.

37
Sale
33
42%
30
37
14% Sale

34% May
29% May
29% May
3
14
May 27

42

11
13
17
11

28% Mar. 31

17%

16% May 28
17
May
9
5% May 3
16% May 27
15
May
5
16% May 3
15
May
2
3% May 6
m May 27

20% May 11
17% May 10
6% May 20
20% May 11
19
May 11
20% May 12
18
May 11
5
May 11
20
May 12

16% Apr. 30
16% Apr. 20
4
Mar. 31
16% Mar. 31

25% Feb. 26

15

23

16% May
15
May

5
2

20% May 11
16
May
7

May

5

17

May
36% May
40
May
19% May

107

"5% Sale"
Sale

17

17%

J5

Sale
Sale

17
15

3%
4
17
Sale

16%
5%

a

6%

6
Sale
16% Sale
13%
16%
16% Sale

4

"

16%

Sale

17%

21%
Sale

Sale
Sale

17
15

88
75

78
Sale

88

17
15

Sale
Sale

18%

11% Sale
11%
13
54% Sale

60

28

Mar. 29

25

Apr.

10

Mar. 31

1

48% Feb. 24
42% Feb. 24
45

Feb. 26

23% Jan.

12

69%
15

13%

187,000
lst mtge 4Hs—.....
.....1960 A O
66,000
is debentures
..........1965 A O
211,000 Montana Power lst Ac ref 3%s..„ 1966 J D
44,000 Mont Tram lst At ref 5s series A..1941 J J
4,000
General At refunding Aa A..
1955 A O
Gen Ac ref 5s series B
1955 A O
10,000
Gen At ret »t4)4* ser C...
..1955 A O
Gen 8c ref s f 5s ser D
..1955 A O
39,000 Morris At Essex lst gu 314s..
2000 J D
14,000
Constr M 5s ser A............1955 MN
35,000
Constr M 4)4* ser B..........1955 MN
1,000 Mutual Fuel Gas lst gu As
....1947 M N
Mutual Union Tel 5s
.1941 MN
....

10,000 NashvlUe Chat Ac St L lst 4s A..1978
72,000 Nassau Elec guar gold 4s atpd...l951
National Acme4)4* extended
1946
1,084,656 National Dairy Prod deb 3%x w w '51
192,000 Nat Distillers Products deb 4%x_1945
National Rys of Mexico—
♦4%s Jan 1914 coupon on. ..1957
♦4H» July 1914 coupon on ..1957
♦4% s July 1914 coupon off ..1957
♦Assent warr Ac rets No 4 on. 1957
13,000
♦4s April 1914 coupon on
..1977
...

F
J
J
M
M

N
N

J
J
J

_

_

^

♦Assent

J

A O

warr Ac rets No 5 on. 1977

Nat RR of Mex prior lien
4)4 *—
♦♦Assent warr Ac rets No 4 on.. 1926 J

J

*4s April 1914 coupon on .....1951 A O
#4s April 1914coupon off .....1951 A O
23,000
♦Assent warr Ac rets No 4 on. 1951
206,000 Nat Steel lst coll mtge a f 4s.... 1965 J D
------

{♦Naugatuck RR 1st g 4a...
.1954
4,000 Newark Consol Gas 5s
..1948
13,000 {♦New England RR cons 5s guar1945
17,000
♦Conx guar 4s
1945
4For footnotes, see page 30.
......




90
100
.....

.....

9%
50

68
101

49% Sale
113% 114%

65% 71%
22% 24
97% 100%
99% Sale
105

D

J

J
J

J

Sale

Feb. 26

6% Jan. 11
25% Feb. 26
23

Feb. 26

25% Feb. 26
23
Feb. 26

May 11
12% May 10
11
May 27 12% May 12
50% May 25 54% May
2
99
May 26 101
May 11

,9% May 27

Mar.
May
8% Mar. 25

70

14

21% Jan. 12
14% Jan. 11
15
Apr. 9

.

Mar. 25

9

Mar.

Mar.
51% May 25 58
Apr. 16 107% Jan.

99

4

1

5

74% May 18

73

Mar.

May 18

Apr. 22

Apr. 22

69

May 27

H#
69
74

Mar. 24

74

3 60
42
43
May 25 45
39%
37% May 10 42
111% 114% 112% 114% 112
May 10 112

May
May
May 17
May 10

50

Apr.
1
Apr. 22

1\X
62

Sale

Sale
Sale
75
69

73

"73"

40

62

19

22

99% 100%
98% Sale
Sale

105

92%
91%
97%
73%

2 106

May 7
May 27
May 27
May 2

69

May 27

56

May

"80"

73%
Sale

57
40
34

101% May

92
Sale
84
79

56
38
38

105

Sale
44
Sale

-

Apr. 20
Apr.
2

May 20
95
May 11
94% May 13

4 101
8 74%
72%
May 27 69
Apr.

il*
36
112

Feb.

May 27
Mar. 24
Jan.
3
Jan. 19

65% Jan.
May 10 113% Jan.

Apr. 26

23

15
19

100

62

45
22

24%

58% May 13
19% May 4

58% May 13
25% May 13

99% 100%
100% Sale
105

Sale

98% May
May

105

2 101% May 19
2 105% May 25

68
Jan.
5
18
Mar. 31 28
Feb. 17
Mar. 21
96% Feb. 15 98
92% Apr.
4 101% May 19
Jan.
6
100
Mar. 30 106

58% May 13

%

III

J*

1$

""2%

1%

^
"1%

2)
1*
1%
1%

2%

1%

2%

107

2%
Sale
80

M N
J

Sale
93% Sale

104

98% Sale

Sale

23

Mar. 31 106

93
92

82%
75%
71% Sale

Feb. 26

25% Feb. 26

99
85
84

92
Sale

79

2
3
Mar. 30
16% Mar. 31
23
Feb. 26
16% Mar. 31
15
Mar. 31

May 20
95
May 11
94% May 13
98% May
4

100%
77%

.....

60

101% Sale

J
J
J

A
D

*4s April 1914 coupon off .....1977 A O

-

102% Sale

3

Feb. 26
Jan. 10

25% Feb. 25

70
14

10%
11%

9

Sale

100

Apr. 20

16% May
15
May

23
8

85

45

10

Monongahela West Penn Pub Serv—

31,000

May

23% May 12
62 •
May 11

.....

17)4 Sale
12)4
16%
12* II
.....

Sale

17

.....

7)4 Sale
20)4 Sale

19

J
4%....July 193S J
{♦MobUe Ac Ohio gen gold 4s
*»38 M S

♦Montgomery Dlv lst

20)4 Sale

18
1981 MN

........

Mo Pec 3d 7s ext at

31,000

„

4
2

5% May 13

4

34
67

14% Apr. 12 19]
98% Mar. 30 102 j

10

50

2

2

Apr.

4 103
8 89)

{♦Missouri Pacific RR Co—

,8,000

------

94% May

Mlssour-Kansas-Tsxas RR—

430,000
448,000
30,000
276,000
7,000
282,000

,

14
41
4%

J
N

♦15-year g 5)4*.
1949 M 8
Met ref 5)4% series B..........1978 J
{M 8t P At S S M At Cent Term

------

May 19

55

.....1939

16,000 {♦Mil Spar At N W 1st gu 4a.._..1947 M S
------

88
91
65

63
61%
14% 23% 15%
101% Sale 102
101% Sale 101%

2|3.000MllwEIRyAcLtlstAkref5sserB1941 J D
66,000

94

117

119%

20

33

T" ""!%
1%

2

1% May 26

,nl%

119

117% 120% 119
25% 29% 25

*24%

31

1% May 14

„

1%

107% Sale
25

28

2

May

5

1% May 14
1% May 26
106% May 2 108% May 14

1% Mar. 30
2% Feb. 23

Feb. 28

% Mar. 30

1% May 11

1%
2
106% Sale
22% 65

52

25%

2

1%

%

2%Feb"*2§

1% May 26
1% Mar. 26

3% Feb. 28

Feb. 23

1% Feb. 15

2<
1% Mar. 29
Mar. 31 108]
103

Feb. 28

May 14

65

31

28

"May" "6 120" ""May" 18
May
May 24

32% May 12
31
May 11

Feb.

Apr.
Mar. 18

120

May 18
32% May 12
31
May 11

Sales in

bonds

May

Ask

Bid

22,000 N O A N'eastern ref
157,000 New Orleans P S 1st A ref 5s A—1952
1st A ref 5s series B
122,000
......1955
61,000 New Orleans Term 1st 4s guar—1953
34,000 t"N O Tex A Mex Income 5s
1935
18,000
♦First 5s series B
1954
♦Certificates of

18",000

167"'

105 X

W

57

♦First 5tts aeries A

G.....1954
1954
1954

Sale

Sale

94 X

Sale

96

Sale

94 X

Sale

45

48

52

24'

42

A

F

A

157,000
19,000
406,000
25,000
4,000

49

j

F

A

82

10-year 3X« secured s f
Ref A Inept 4H> series A
Ret A Impt 5s series C

A

O

A

O

91X Sale
64 X Sale

O

71

Cony secured

1946
2013
2013
3>is............1952

MN

83

158,000
535,000
188,000
24,000
6,000
142,000
6,000
45,000

Sale

Sale
Sale

F

A

94 X
96X
64 X Sale
81X 85 X
75
85 X

A

O

74

J

93 X

J

1997
......1942 J
A

O

1998
4flch Cent coil g 314a.
..1998
New York Chicago A St Louis—
Refunding SH* series A
..1974
Refunding 4X« series C
1978
3-year 4s
—Octl 1938
4s collateral trust
1946
1st mtge 3X® extended to
1947
N Y Connecting 1st go 4Hs A—1953

F

A

F

A

l079< 108X

1953
4s............1951
notes
..1938

F

A

109

F

A

A

O

..

1st gtd 5s

M S

62

A O

77

A

90

F

A O

series B—...

N Y Dock 1st gold

14,000

21,000
121,000
143,000

♦♦Serial 5s g

Sale
Sale
Sale
Sale

♦Certificates of deposit

D
1965 AO
3X« series E.....1966 A O

N Y Edison 3X« series

1st lien A ref

Sale
Sale

103
103

86 X

25X
28

n»

Apr.

28

24

28

Mar.
Feb.

22

Mar.

23
22

31

May

22

May 17
28
May 16
30
May 12
26 X May
7

May 11
25
May
9
26
May
2
26 X May
7

76

47

May 17
25
May
6
29 X May 13

24

IV*
%v&

84 x Mar.
Mar.

58

25X May 22

108

104 x Apr.
38
Apr.
34
Mar.

May 4 107 X May 21
50
May 11
May 11
May 25 43
May 11
97
93 X May 26
May 12
94
May 27 97 X May 14
39

47 X May
5
24
May 27

Highest
Mar. 3
31 125
8 122 X Feb. 10

Apr.

Jan.

Jan.
5
Feb. 24

18
15
17
Feb. 25
Feb. 17
37
35 X Feb. 21
8
111X Jan.
36
32

Feb.
Feb.
Jan.

P

Mar.

26 X May

110X Apr.

110X 111

31
Jan.-27
14
Jan.
8
Jan.
4
Jan.

82

91X Jan.

5

39

Apr.

1.
65X Jan.

11

48 X
57

Sale

43 X May 26
47 X May 31

44

Mar. 30

73

Sale

56

May 27

64 X May 12

53

Apr.

14

84

Jan.
Jan.

11
10

86

76 x May 31
69 x May 24

94X Jan.

13

98X Jan.

13

38x Mar. 31

65 X Jan.

58

Sale
71X
Sale
61X

76 X May 31
69 X May 24
43 X May 27

58

82 X Jan.
84
Jan.

11
17

34^

Sale

33

May

50

28

Sale

Sale

27 X I ay
38
May

44

39

55 X

Sale
Sale
50 X Sale
59 X Sale
83 X

Sale

44

76 X

Sale

76X
63 X

44 X

70
65

65

40

Sale
Sale
65

34
47
62
67 X
99 X
105 X
49 X

100
52 X
104 X
104 X

74
Sale
108
Sale
Sale
Sale
Sale
Sale

65

May 27

64 X May

28

May 27

61

64 X May

13

62 X
67 X

May
73 X May
59

59

70 X
102 X

79
Sale

106

May
7
72 X May 20
53 X May 11
70
May 11
65
May 11

75X
103

99 X May
106
May
49 X May

106

53

51X Sale
100
100 X
May
51X "56X 52 X May
Sale
104
105
May
104 X May
104 X Sale

100 X
56

106
105 X

May
May
May
May
May
May
May
May
May
May
May
May

1

Apr.

1

64 x May 13

11
10
6
10
20
10
16
12
16
4
4
9

74

27x Mar.

62

77

N Y Gas El Lt Ht A Pow

5s.—..1948 j
1949 F

Purchase money coll tr g 4s

123
123X
113X H4X

D
A

4,000 ♦N Y A Greenwood Lake 5s .—.1946 MN
23,000 N Y A Harlem g 3Hs
2040 M N
23,000 N Y Lack A Western 4s ser A
1973 MN
Guar 4X« series

1973

B

♦N Y L E A W Coal A

1943
1941

Branch gen 4a
t»NYAN Bng (Boat Term) 4s—1939
^♦N Y New Haven A Hartford—
♦Non-conv debenture 4a......1947
♦Non-conv debenture 3)<a.__-1947
♦Non-conv debenture 3XS....1954
♦Non-conv debenture 4s_...—1955
♦Non-conv debenture 4s..
1956
♦Convertible debenture 3X>—1956
♦Convertible debenture 6s..—1948
♦Collateral trust 6s.........—1946
♦Debenture 4s...
...1957
♦1st A ref 4Hi ser of 1927— ..1967
X* rlarlem R A Pt Ches 1st 4a. .1954
t*N Y Ont A West 1st g 4s
1992

N Y A Long

60,000

67,000
5,000
114,000
5,000
111,000
14,000

♦General 4s

t*N Y Prov A Boston gen 4s
N Y A Putnam

1st con guar

1955
1942
4s —1993

J

A

Jan.

30

5s—.....—...—1956

1937
.........1940
♦Terminal 1st gold 5s...———1943
N Y Tel 1st A gen * 14tts
1939
Ref mtge 3 X« series B
1967
N Y Trap Rock 1st s f g 6s
1946
6s stamped
.......—1946

1,000
185,000

108,000

"4",000

1941
4s—1996
1961

♦t♦Norfolk A South 1st g 5s
Norfolk A West Rv let con g

249,000 North American Co deb 5s

A...1957
...Aug 15 1963
Nov 15 1969
North Cent gen A ref 5s ser A...1974
Gen A ref 4Xs aeries A
1974
^Northern Ohio Ry 1st guar 5s.
Apr 1 1935 and sub coupons—1945
North Am Edison deb 5a ser

63,000
150,000

Deb 5

X» ser B
Deb 5s series C

♦Oct 1938 and sub
♦Certificates

3,000
457,000
197,000
63,000
420,000
22,000
31,000
1,000

of

99"

100 x May 16
58 X Feb. 28
106

101

Apr.
101x Apr.

74X
79X

100 X
100

96 X

50

95

16

A

O

12X

j

j

12

14

12

17

13

MN

13

14X

j

j

13

j

j

15X

O

14 X
20 X

MN

6X

20

17

D

j

D

It*
I"

A

O

80

A

O

M N

M S

n

MN
j
A

F

A

M N

MN
J

j

j
D

90

106

Sale
96 X

105 X
16

.....

4X

69

Sale

6X

Sale
7 X Sale
'8

Sale
Sale

OX
OX

HX
Sale

5

7

Sale

2

Sale

M

8

103

Sale

F

A

103 X
100

Sale
Sale

A

O

119X 125
115X 119

6

96
77

Sale
Sale

X

8

15
13X
55 X Sale
7 X Sale
6
5X

Apr. 18

80

Jan.
Jan.

Mar.

3

93

Jan.

Apr.

8

96 X Mar.

26
5
22

6§H
105 X
106 X

60

51X
Sale

70

14X May 11
12 X May 26
12X May 19
13
May
4
12 X May 26
12 X May 26
14
May 31
20
May
4
6X May 21
14
May 27
55
May 18
7X May
2
5X May 19

8x
17 x
55 x

9X
6x

4 109

May 10

98

6
13
25
27
25

95

May
80
May
106
May
104 x May
104 x May

72
78
80
105 X May
105 X Sale
103 X May
104 X 105
104
104 X 103 X May

IH
6

40
105 X

105 X
64 X
56
67
61X

88

70

9

8

May

6

11x May 10

10X
7X
51X

8x
6X May 24
48x
48X May 21
Sale
105 X May
2 106
106 X 105X May 27 108
64 X
67 x
65
May 13
64
4
4x
3X May 26
Sale
106 X May
3 108 x
107M May 18 108
88
May
"88"
98
94 X May
98
Sale
May 27
12x
May 10
11x
11X
.

18*

May
9
May 21
May 16
May 17

13
Anr. 28
12 x May 16

19

12x Apr. 23

19
21

17

13
Apr.
1
12 x May 26

20

12x Mar. 25

18

14

Apr. 26

23

20

May
4
Mar. 31

35
12

5

Apr. 27
May 18
5x Mar. 31

55

Mar. 30

4

13
11
14
Jan. 17
Jan.
8
Jan. 13
Jan. 12
Jan. 11
Jan. 14
Jan. 12
Feb.
7
Jan.

Jan.

Jan.

23
79
10 X Jan.
8
Feb.

13

17
18

May
May
May
May
May
May
May
May

12
7
23
3
23
20
12
5

28 109

92

Mar. 29

70

Apr.
Feb.

9

Apr.
Apr.

9
5

104
103

103
7

Jan., 3
HX Jan. 19
8X Jan. 12
52
Apr. 25
16

Mar.

10
5
40

8

Mar.

Feb.
Jan.

107
108

105 x Apr.

Mar.

13
11

108 x May 23
108 x Mar. 31
95 x Jan. 25

Jan.

107 x May
Mar.
82

Jan.
4
16 X Feb. 23
15x Feb. 17

86 x Mar.
9

Jan.

6X Jan.

Mar.

8x

7

May 17
Mar. 24

70

Mar.

60
3

Jan.

62

104x Apr.

104

May 10

99X Feb. 26
94X Jan.
4
106 X Jan. 21
106X Jan.
7
106
Jan. 10

99

Xr.

13
3

48

Sale

104

Sale

Mar.

May 23

111

Mar.

Jan.
53
119 x Jan.

105 X May 13

97

Apr.

105 x May 13

104

102 X 102 X 103
Sale
104X Sale

102 X May
103 X May

100 X

Sale

Sale

100 X May

4 103 x May 17
May 19
25 105
2 102 x May 12

101

118

114X May
101X May

101X

Jan.

106

62

70

U7X

99

Jan.
Jan.

5
7

103X Jan.

12

Mar. 15 116X Jan.

28

x Apr. 18 104
Jan.

24 105

96x Apr.

115

121

114

115

114
35

50

28X

69X

64

26

23 x

May
May

99

61X
4X Sale
3X
106 X 108 X
108
107 X
85 X Sale "
86 X
93 X
97
96X
11X
9X
13
9X

...

17

11
26
9
7
10
9
11
12
11
12
31
10
11

59

106

102

13 x

May
May
May
May
May
May
May
May
May
May
May
May
May

108X 107 X May

Sale

115X Sale
101X Sale

7

98

97

8X
10X
6X

26

70

coupons—1945
stamped

69

70

9X

8

95

Sale

16X
7X
10X
43X
47X
106 X Sale
104 X 105X
79

A

8

Sale

98

Sale

O

M

Sale

105 X 107

A

M

64

103 X
103 X

F

MN

20

8X
Sale

107

106

68

M N

Sale

14""

12 X
Sale

80
59
50
107 X 108 X 104
92 X

95

95

17
14

J

Mar. 29

Mar. 12

60

16

74X
50

18

A

6
4

May 6
99 X May 11
64
May 23

91

20

J

98 X May
63
May

21

May 23 22
Apr. 22 103

85

May 23

50

90

Mar. 22

75

16

4
9

May

105 X May

28 X

64

dep

..2047
Ref A Impt 6s Series B
2047
Ref A Impt 5s Series C
2047
Ref A Impt 5s Series D
—2047
f Northern Rv of Calif guar 5s. .HM
N'western Teletf 4X« extended ..1944
Ref A impt 4Xs Series

A

stamped

70

j
9

92 X
62 X

Sale
Sale

73
87 X

77

83

j

j

j

j

98

62 X
56 X

Sale
70

j

j

80

35

Sale

a

o

j

54

May
May
May
May
May
May
May
May

11
11
10
13
10
13
11
14

7x May

5

May 11

28

79

Sale

78 X May 25

86

46 X
45

Sale

46 X May 31

55

59 X

Sale
65

J

Sale

49 X
50

99 X 100 X

102 X

54

28

May 28

888

May 31

53

May 26

59 x
69 x
63 x
62

May
2
53
100 X 100X May 14 100 x
55

28

76

May 11
Apr. 14

46 x May 31
45
Mar. 31
56

Mar. 29

50

Mar. 30
Mar. 30

50

100 x May 14

28

May 11

93 X Jan.

62x Jan.
76
88 x
79
80
102

7
12

Jan.

13

Jan.

11

Jan.
Jan.

10
14
8

Feb.

100

13
12

.....1948

30.

Sale

j

1st mtge 4s...
......——1967 M S
120,000
J
1st mtge 3X®
1972 J
162,000
222,000 Oklahoma Gas & Elec 3Xs——1966 J D
4s debentures....
.........1946 J D
74,000
33,000 Ontario Power N F lat 5s—....*.1943 F A
1945 MN
6,000 Ontario Transmission 1st 5s
D
81,000 Oregon RR Ac Nav con g 4s.....1946
56,000 Oregon 8hort Line 1st con g 5s..1946
1st guar cons 5s stamped
1946
187,000
306,000 Ore-Wash RRAcNav IstAcref 4s._.1961
1962
73,000 Otis Steel 1st mtge 4X« A
1,000 Pacific Coast Co 1st a is........1946
....1964
199,000 Pacific Gas Ac El 4s ser G
1st Ac ref mtge 3X8 »«* H
1961
224,000
1st & ref mtge 3X® ser I.......1966
410,000

For footnotes, see page

80 X
50
53

j

1943 M S
Ohio Edison 1st mtge 4s.........1965 MN




70

13
13

108 X
Sale

Ohio Connecting Ry 1st 4s..

288",600

100

63

13

April '33 to Oct '34 coupons. 1945
Northern Pacific prior lien 4s... 1997 q
Gen lien ry A Id gr 3s
Jan 2047 Q

♦4s

88

63
91

8

{♦Ogden Ac Lake Ch 1st guar g 4s 1948

60,000

100

O

V Westches A Bos 1st 4XS.1946 j" J
64,000
108,000 Niagara Falls Power 3X»
1966 M S
34,000 Nlag Lock A Ont Pow 1st 8s A—1955 A O
20,000 Niagara Share (Mo) deb 5X*——1950 MN
188,000 Nord Rys extl s f 6Xs
1956 A O
♦Norfolk South lat A re» 5s A-1961 F A
33,000
♦Certificates of deposit————
7,000

145",500

60

20

A

♦♦Second gold 4Xs.......

♦General gold 5s

95

85

16

20X

M

30,000 J"N Y Susq A Wfst 1st ref g 5s-1937

43",600

15X

7

4
109 X Jan.
Feb. 26
55

Feb.
Mar.

44
40

3
6

Jan.
90
95 X Jan.
Jan.
108

51x Apr.
70x Apr.
99
Apr.
103 x Apr.
39x Mar.

121x May 31
112x Apr. 16 114'

121X Sale 121X May 31 122 X May
114
114X 113X May 10 114X May

93 X
100

O

8,000 N Y A Rich Gas 1st 6a A
1951 M N
35,000 New York Steam lat is ser A
1947 M N
44,000
1st mortgage 5s
—---1951 M N
1st mortgage

....

113X 114

j

M 8

82,000 N Y A Queens El Lt A Pr 3X«—1965 M
New York Railways Corp—
10,000
tPrlor lien 6s stamped.....—1958 J

23,000

-

102 X

NN

RR 5*s. ..1942 MN

♦Dock A Impt 1st 5s

1,000
1,000
2,000
26,000
33,000
28,000

84

122 X 123

3
3
3

Jan.

Mar.

|11

Jan.

Mar.

33

N Y A Erie—See Erie RR.

32,000
26,000

3

55

Sale

68 X May 12
53 X May 11
58 X May 12

62x Apr. 16

44

60

59

Mar. 29

Jan.

May 10

64

Sale
65 X

55

65 X
44 X

95X

A....—2013

Ref A Impt. 4H« series
Lake Shore coll g 3X«

111

27 X

ii

26X

j

Debenture 4s of 1912

1

Highest

Sale Prices

122X Jan.
120X Jan.

33

Sale

HO"

Prices
>
Sale Prices
May 16 123 X May
3
May 11 122 X May 21

31

24X "32"

24 X

23
26

1998

N ▼ C A H R g mtge 3X*

27 X
27

Sale
45

A

"32"

24"

36
54
F

54 X

23

51

A O

52

Lowest

Highest

1

50

97

New York Central RR—

Consol 4s series A

63

76

.....1945

Npt A Cln B pen gu g 4X»

45
32

50

35

96 X

45

J

O

A

♦Certificates of deposit.....

203,000
623,000
376,000
426,000
351,000

60""

Ask
Sale
122 X 123 X 123
122 X
121X
95
106 X
106

40
Sale

deposit.....

♦1st mtge gold 5s series
♦1st 4Hs aeries D

62,000
101,000
2,000

Ask Bid

Bid

123 X 124
Sale
122
95

J

Lowest

May 31

122 X 123 X
Sale
121
95

O

1964

A-_ 1983
terles A.1952 J
ser

May 2

1938

72,000 New England TAT 30-yr ti A—.1952 J D
25.000
1st g 4X« aerlm B
1941 M N
N J Junction RR gu 1st 4«——1984 9 A
N J Pow A Light 1st 4Hs
8,000 Now Orleans Great Nor 5s

JAN.

Jan. 3

$

80:666

RANGE SINCE

PRICES IN MAY

Price

11

n. 7. stock exchange

Value

37

exchange—bonds

n. y. stock

June, 1938]

Sale

Sale
Sale

101X
Sale
113

Sale

117X

7X
6X

7X

7X
4X

11

5X

5X May 27

102

ioix Sale
101 x
97 X

Sale

Sale

112

May
May
May
May
May
May
May
May
May
May

Sale

97

LJay

101X Sale
101X Sale
97 X Sale

101

101

96X
102 X
Sale
102 X 102 X 103
100 X
100
99 X 100 X
112X 113 X U3X 113X 112X
110
Sale
111
111X
106
"Sale 106X Sale 106
111X
114
111X Sale
112X

Sale"

liH

11

Sale

Sale
Sale

70

45

Sale
55

109 X
105

Sale

109

Sale

Sale

Sale

101

Sale

105 X
102

Sale

112

97 X
68

67

May
52
May
52 X
45
109
Sale
May
110
105X May
106 X Sale
101X May
102 X Sale
Sale

27 102 x May
27 102
May
6 98 x May
11 103 x May
101X May
4 113x May
25 112x May
107
May
115x May
31 115x May
31 100 x May
73
27
May
52
11
May
110X May
106 x May
102 x May

7
13
19
19
7
28
4
10
24
12
13
10
11
10
20
10

9
Jan. 10
13
8X Apr.
Jan. 18
12
5X May 27
3
3 108 x Jan.
108X Jan.
2 104 h Mar. 15
98
Apr.
98

91}
98}
96 jIll J
110

Apr.
Apr.

2 103
5

Mar. 11

98 x Mar.

Jan.
Apr. 14 110
Apr. 16 u6x Jan.
110X Apr. 22 118X Jan.
1 106 x Jan.
92 x Apr.
4
74 x Jan.
59
Apr.

103
109

45

9

31 103 x May 19
7
Apr. 11 101x May
Mar. 15
Apr. 12 113x
Feb. 23
May 25 113
Jan.

Jan.

106 x Apr.
102 x Apr.
98 x Apr.

26

52

10

17
10
13
10

May 11

11 110x May 10
4 106 x May 20

102 x May

10

28

N. Y. STOCK
S'o

Sales in

May

BONDS

Value

N. Y. STOCK EXCHANGE

60,000
86,000

Pacific Tel ft Tel

.1938

ext 4a

2d extended fold Sa

.

3%$

B__

ser

May 2

1938
Ask

.1966

12",666

Ref mtge 3^a series C
Paducab ft Illinois 1st s f 4
Ha

1956

103

Panhandle Eastern Pipe L 4a A
Paramount Broadway Corp—

.1952

99

28,000

1st mtge a f g 3s loan ctfs.
Paramount Pictures Inc—

125,000
67,000

s

f debenture 6s.

334a

..1955 F

...

A

.1955 J

J

debenture.________
146,000 Paris-Orleans RRExc a f
5Ha..
25,000 Parmelee Trans cony deb 6s
4,000 Pataraon & Passaic G & E

.1947 M

S

.1968 M

8

.1944

..

Sal!"

ser

.1949
A.. .1942 M

Pennsylvania Co—
4,000
Guar 314a coll tr

"2", 660

ctfs ser B
1941
Guar g 3Ha tr ctfs Series
C...1943
Guar g 314a tr ctfa series
D...1944
40-year guar tr ctfs 4s Ser B..1953

24,000
92,000
28-year 4s
35,000 Pann Dixie Cement 1st

12,000
56,000

6s A

F

A

D

UN

Gen mtge 3%g series C
Consol 414s Issue of 1915

103

O

100% Sale
109% 110%

103% 104%

M N

O

58,000
82,000

98,000

23",000
2,000

120%

106

Sale

111%
90%
101%
100%
87%
115%
109%

Sale

A

A

J
A

A
M S
A

105

M

S
J

8

f 4sl937 J
\

O

1942

1942 MN
1945 MN
1949 F

119

77

98

97

98%

99

99%
95
99%
92
88%
91
85%
90
90%
79% Sale
83%
101
102% 103%
92

109

115

18S8
16%
4%
10%

Sale
Sale

96%
107%
107%
107%
84%
111%
95%
102%
78%
90%

6

59

88

May
91%
73
68% May
83
May
88%
38% May 26 40%
119% May 20 120

98

Jan.
Apr. 29 82
6
Jan
19
Apr. 12 70
Apr.
2 105% May F9
Jan. 28 105% May 13
Apr. 14 103
Apr. 14
Apr.
7 101% May 27

May 24

56% Mar. 31

May
May
May
May
May

81

Mar.

57

Mar.

12
24
21
11
25

61% Jan.

19

97% May

7

99% May 18

§5" "May" 17

90% May 27

91%
84

90

97% Sale

95

May
79% May
102% May
91

93
May 19
93
3
May 10
85
4
May 26
4 104% May 16

May 20

95

May 10

Jan. 17
Jan. 15
92 H Feb.
1
Jan. 10
120
Apr. 29
70
Jan. 26

78% Apr.
31% Mar.
118% Jan,
60

96

88%

90

11

Sale
Sale

Sale
Sale

91

46

ni*

W
87%
87%
71%
114%
107%
38

80

J

O

J

A O
I

Mar.

97% May
102% Jan.

7 103% Jan.
8

103% Jan.
103% Jan.

95

Apr.
88% Apr.
83
Apr.
77
Jan.

104

91

28
13
21

Fee.

15

100% Jan.

13

85

100% Apr.

D

May 26

104% Jan. 20

May 20 104% Jan.

6

Feb.
Apr.
Apr.
Apr.
Mar.
Apr.
Mar.
Apr.

Jan.

7

109% Jan.

6
3

87
107

Sale

Sale

11

4

Sale

16

Sale

4
3%
12% Sale

100

"75%

83

95

60

109% 110%

3

50% Sale
103% 104%
45
51%
12% Sale
104% Sale
76

5%

81

10

*84"" Sale

J

100

"77%

D

75

O

J

74% Sale
93% Sale
92% 106

S

90

J

M N

O

95%

92
110

112%
78

Sale

106

Sale

80

Sale

99% 100
32
26%
19

22

§0

Sale

.1952 MN

28

30

.1953 F

28

30

.1950 MN

1955

A

.1952 M
.1952 J

A

O

8
J
A

D

J

O

28

30

90% Sale
104
45

"55""

26

68%

40%
15%

21%

.1977 M S

92

Sale

.1962 M

42

108%

M

8
8

11

O

23

J

434s"

.1949 J
1941 J

J

14

~

.1941 J

J

12%

.1947 J

D

4lis"

.1966 A
St Jos ft Grand Island 1st
g 4s" .1947 J
St Lawr ft Adirondack 1st
g 5a .1996 J
2d gold 6s
" .1996 A

For footnotes, see
page 30.

ii\H

Jan.
Jan.

Jan,

101% Jan.
101% Jan.

Apr.
Mar.
Apr.
Apr.

3

10

3
3
11

89

Jan.

10

117

Mar

5
17

112% Jan.

Apr.

60

Mar.

Jan.

8% Jan.

Apr.

107

Jan.
80% Jan.
Jan.
76
Jan.
108
May

May
May

&

Apr.

Apr.
Apr.
Apr.
Apr.

8
14
18
4
5
3

9

110

Jan.

8

115

Feb.

5

12,110% Feb. 21
Mar. 31 109% Jan.
5
3
95% Jan.
Jan. 28 108% May
9
Mar. 31
Mar.

20

Jan.

19

Mar.
Jan.

8f*

Feb.
Feb.

21

Mar.

4

17

80% May 13

May 26 104%
May
3 106%
May
3 107%
May 27 104%
May
4 105%

May 19
May 19
May 13
May 26
May
4

77% May 31

109% Apr. 19

"87% Mar~~2

101% Apr. 19 108% Jan.
6
103
May
~ 110% Jan.
5
105
109
Mar
9
Apr.
103% May 27 104% May 26
105% Mar. 10 105% Mar 10

103% May 26

l03" "May" 17 i09

Feb".

16

107% May

110% May 19
110
May
2
102% May 13
102% May
7
93% May 13

107% Apr.
107
Apr.
95% Apr.

Feb.

4

110
Sale
100

"§!""

106

Mar.
Mar.

1

77% May 31

102

Sale

Jan.

I6r" May'17

102

Sale

May
99% May
99% May
91
May

105
107% 109
107%
40
35%
41% 4u
45
"37"" 42
35%
38
40
41%
40
38%
108
107% 107

4
2
23
21
31

117
HO

May

7

40

May

7

97

Mar.

91

Apr.

May
2
6
112% Jan.
112% Jan. 14
4
104% Jan.

106

Jan.

108

Feb.

10

40

May

7

40

38
44

May
5
May 19 107

May 13
May 19

May
Apr.

32

Mar.

107

May
Apr.

109

Sale
54% Sale
54%
101% 101% 102% 101
Sale
42
40
39%
11% Sale
10% Sale
10%
105
106
105%
105%
75
78
77
78
84%
7
3%
8%
3%
55

May
May

50

May
May

31

60

32

Sale

90%

93

55%
62%

64
Sale

66% Sale
52

54

Sale

68

Sale
Sale

May

43

55%
55%
109%
115%

Mar.

101

2

40

May
May
Mar.
Jan.
Apr.
Apr.

9
13
12

84%

9%
103%
74%
4%

68

95

May
May
May
14% May
108
May
78% May

May

12
20

50

60
52

72

59

102

40

69%
93%

74%
Sale

84% May

2

91

May 11
May
3
May 31
70
May
6
92% May 2

74

May 17

O

J

J
O

32%

101%
100%
108

Sale
Sale
109%
94

97%

71%

May 14
May 13
73% May
9
72
May
7
98
May 12
59

91

106" ~
79%

Sale
Sale

103

Sale

80

Sale

97

Sale

34%

40

20

23

29

28%
30%
28%

33
32

30%
13%

Sale
79%
105% 102%
82
Sale
79%
97
97% Sale
32%' 35% 35
21%
23
21%

29%
29
29
29

"41%
68%
35
18

105

80

32

95% Sale
104%

35""

104% 108
105

Sale

96%
104

"35""
33

14%
121

119

.1948 A

48~8tpd"~~

Sale

114

111% Feb. 19
95% Jan.
3
120% Jan. 12

Jan. 21
Jan. 21
Jan. 17
Feb. 28

82% Apr.

59
May 12
104% Jan.
8
55

Mar

8

18

Jan.

5

108

May 13

82

19

Jan.

18

8

Jan.

10

§i

May" 17

D

4

!&#Roci,18 Ark ft Louislst414~a ! .1934
♦Ruhr
♦414s stamped.......

108%

*88

102

95

195<» M

A .1049

__

Sale

10%
3%

101

D

1955

6s..

42

Sale

95

111%

52

107%

3
98% May 21
92%
4 107% May
4 103%
2 109% May 24 103%
2 109% May 31 103 %
26 86
May
5
77%
4 115
May 25 109%
31
97% May
6
90%
31 104% May 17
99%
27 82% May
7
67
91"
31
May
4
86
91
31
May
4
85%
28 80
May 12
65%
11 115
May
9 113%
2 108% May
7 107
21 47% May 11
40
24
5% May
7
4
27 102
May 24 100
25 68
May 11
56%
25 59
May 13
51%
61
3
May 11
50
26 108
May
9
99%
31 108% May 25 106
20 108
May 20 104
3 103% May 31
97%
31 104% May
9
99
2
95% May 12
78%
2
May
9 105
4
May 12
10%
4
2
May
2
3
27
16% May 10
11
18 109
May 31 108

98%

'Rio Grande June 1st
guar 5s I, .1939
6,000 {♦Rio Grande
Western 1st g 4s., .1939

Gen mtge 5s series E

50

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

116%

A..1950 A

38,000
'Isr con ft coll trust
4s series
27,000 Rochester Gaa & El 4
lis ser D

108

Sale

98%

68.1941

f 7s

114% 114%

91

"99%

w W..1956 M

.

Sale

108

A

1997

3,000 'Rhine-West Elec
Power 7s
23,000
'Direct
mortgage gold 6a
28,000
♦Cons mtge 6s
22,000
♦Cons mtge 6s
with warrants!
52,000 Richfield Oil 4s conv
deb
2,000 Richmond Term
Ry lit guar 5s"

Sale

Sale

87

D

1997

ser

Sale

107* Sale

100

D

92

101%
75%

104% 105% 104% 107% 104%
100
105% 106% 108% 103
104% 107% 106%
105%
95
103
103%
105%
105%
105%

108%
110%
110%
110%

194! J

!at

Sale

5%
5%
4%
4%
104% 101
104% 101
68
53
60%
60%
56%
52
55
55
51%
54
"55"" 58% 54
52%
105% Sale
105% Sale
104%
107 % 110
107% Sale
107%
104% 112% 107% 108% 108
101
100% 105
103% Sale
Sale
Sale
100
100
100%

Sale

1951

B

Sale

4

108% 109% 109

106%

Sale

101

Sale
Sale

Sale

Sale

74% Sale
113% 116
107% Sale
38" '

m

104% 111
109%
109% Sale
my.
82
86
83% Sale
113% 111%
112%
109

100%
99%

M N

J

A

98.000 Safeway Stores s f deb 4s
54,000 Saguenay Pow Ltd
1st M

58% May

"95~ "May" 17

Sale

116%
112% 115
110% 116%
104% Sale
108%
78
50%
59
50%

(65% pd)

cons g

103

Sale

1977 J

68

414s

103

101% May 27

101

Sale

.

J re/4,%8series
aerlea
4148

Sale Prices

71%
66%
105% May
9 102%
105% May 13 102%

60

110

« f 0 5s. .. .1948 J
pt pd ctfs

Cen ft ref




119% 122

110%
110%

•«* A.. 1948

Jersey Cen coll g 4a

{♦Rutland R R 1st

85
41

107% 110

228,000
Gen mtge
414 s series B
1961 F A
218,000
Purch money 1st
514s cony
1954 M N
85,000
Cen mtge
414s series C
1956 MN
56,000
J
♦dk!SC <£P1I?r A Bra88 l8t 4%«--1956
16,000 ♦Rbeinelbe Union
s f g 7s
J
1946
5,000 'Rhine-Ruhr Wat Serv
J
6s
1953

37", 660

Sale

39

117

I960

"""

a<J'° Keith Orph

{♦Rutland-Canadian

68%
80%

111

1975 A

for deb 6s ft
com stk

59%

Highest

Sale Prices

Sale Prices

100% May

90% Sale
71% Sale
85% 87%
36
39%

1962 F

"7",656 ran* Sarat<»8Republic Steel Corp

13",666

Sale

1974 J

£er,ei CorO

Chemical

88

A

~"IIIIl977

203,000 Remington Rand
deb 4%a

109,000
41,000

59

A

31964

,8t 4"-«

a

62

ilo"" III!!

..1970 J

Am Tobac

♦Rlma Steel

58%

I960 F

B.

tPr>
Head Co ?*Ur® *°,d

114

A

conv 6a
1942 J
Teleg ft 3able coll 5s
1953 J
Potomac Elec Power
1st M 3lis..1966 J
Pressed Steel Car deb
5s
1951 J
{•Providence Securities deb 4s
gul957 M

161,000
6,000

O

A

1st 5s 1935
extended to 1950

ft«

103

"73"

Portland General
Electric 414s.. 1960 M S

.

29,000

Sale

108%

^«a,.j8t

D

9%

107

102% Sale
109% 110%
114
123%

O

1943 MN
ft West Va 1st Suar 48
4Ks ser A ..1958 J D
1st mtge
414a series B
1959 A O

D__

254,000

J

1940 A

*

! T *„A8h l8t *®n 4*

1

Lowest

103

101%

J963 F

PlJjI Wa*%•/®*lea C

Sale Prices

73

104% Sale
104% 105% 104% May
104% May
104% 104% 105% Sale

1953 J D
1957 MN

General g 5s ser B.
General 414s series C

♦♦

„

90

195? M N
1952 M 8

guar g

83,000

Sale

84

76

1973

Con 4s series H
guar g__

t*s»°
t
Postal

116%

75%

D

Con 4s series F
guar g
Con 4a series G

Sale

80%

1949 M
s

Sale
Sale

61

"5%

D

1967

Sale

O

1981 J

« (Italy) conv 7s
Coke & Iron conv
414s A

1st gen 5s series
C
1st 414s series

407,000
19,000
45,000
440,000
110,000
4,000

95

Sale

120

5s.1967 J

£!'®n'
Pitts

1st gen 5s
series

116%

J 968 J

£oinPany secured gold
r™*EIeCtr,C ,8t & ref 314s
t'Pb'la ft

•

Sale

113

1965 J

General 414s series
D__

p!K2
"3I666 Pitts

114

1960 F

E guar g

10,000

102% 103

D

1948 M N
1970 A

General 4%a Series A.
General 5s Series B
Debenture gold 414a

Con 414s series I
g
Con 414s series J
guar
Gen guar 5s
series A

Ask

70

70

95

Sale

....1943 MM
.......

14,000 PC C & St Lg
414s series A
28,000
Con 414a series B
guar g
3,000
Con 414s series
C guar g
6,000
Con 4s series
D guar g...
1,000
Con 314s series

"9",606

103
104

80

Mills 20-yr 6s.__.1943

"5",606

102% 103%

Sale

A

Stamped dollar bonds...... 1948

57,000
Read C ft 1 ref 5s
75,000
♦Convertible deb 6s
151,000 *
Ry l8t 30-yr
11,000 Ptllsbury Flour
19,000

91% Sale
71%
73%
89%
94%
38% Sale
116
118%
79%

100

Pbila Bait ft Wash
1st g «s
1943 M.N
18,000
General 5s Series B
1974 F A
17,000
Gen g 414s series
C
I_IIIIl977 J J

45,000

63

A

Il981

...

362,000

45%

Highest

...1981 J

249,000
1970
198,000
General 4%a series D
1981
141,000
Gen mtge 414s
series E
....1984
281,000
Cony deb 314 s
1952
33,000 Peoples Gas ft
Coke 1st 4s..I.. ~1943
61,000
Refunding gold It
1947
15,000 Peoria ft Bast 1st
cons 4s
1940
16,000
'Income 4s (flat)
~1990
5,000 Peoria ft Pekln Un
1st 5K»
1974
31,000 Pere Marquette 1st 5s
aeries A...1956
16,000
4" Series B
1956
46,000
1980
505,000 DJ". * i*4" ,erle" C
p8.Dodfie conT 314a deb
1952
3o,000

262,000

Ask Bid

75%

"99% IIIII

M 8

1941

665",666

222.000

RANGE SINCE JAN.

Lowest

May 31

109

59%

D

J

Penn Glass Sand 1st
mtge 4% a. .I960 J
Penn Ohio ft Detroit
RR—
1st ft ref gold
414s series A
1977 A

24,000
168,000
90,000
400,000

8

J

1953 F

414a series B
Penn Pow ft Lt 1st M
414s
3,000 Penn RR consol
gold 4s
73,000
Consol gold 4s

,

M

......

cony

'Paullsta Ry 1st Ac ref 7a

Bid

88

92%
103% 104%
104% Sale

_

MAY

Jan. 3

82

.m*

...

PRICES IN

Price

If

Bid
Pacific RR of Mo 1st

EXCHANGE—BONDS

May
May
May
May
May
May
May

106

84%
106%
85%
99%
35%
21%

31

30% May 10 30%
29% May 11 30%
29% May 26 30%
29
May 24 30%
Sale
95
May 25 97%
105% 104% May 16 105%
42%
68%
35
34
May
9 34
Sale
17
14% May 26
120% May
5 121
108% 108
May
5 108%
9
9%
7% May 27
32

30

107% 108% 108%
8
9%
7%
21%
22%
6
6% Sale
8
14
8%
6
Sale
6%
9%

'6% May" 19
6

May 31

101% 102
102% 103% 102
May
100% 100% 102% Sale
100% May
104% 107%
107%
94

—

94

91

—

90

May
May
May
May
May
May
May

2
13
14
13
6
20
13

May
May
May
May
May
May

16
18
2
4
19
14

100

Apr.
71% Apr.
94% Apr.
72

Mar.

93% Apr,
28% Jan.

79% Jan.
75

4

3

93

Jan.

4

98

May 12

118

Jan.

12

87% Jan.
108% Jan.
88% Jan.

19
11

101

Jan.

27
27

Mar.

32

26

Jan.

32

104

24

Jan.

Mar.

8

21
22

im

Jan.

41

5»

12%
6

8

Mar.

50

20

21

28

Apr. 23

Apr.

May
9
28% Apr.
May 12
13% Apr.
May 27 118% Jan.
May 13 107" Apr.
May
9
7
May

Feb.

11

Apr.
Apr.
May
105% May

41

May~~5

Jan.

35% Mar.

20

26% Jan.
89% Mar.

11

Jan.

93% Jan.

34

'7% May"'3
•8%

52% Apr.
1
50
Apr. 23
68
May 31
69% Apr. 13
84
Apr.
1

19
14

Feb.
4
Jan. 21

44% Feb. 18
6
20% Jan.
May 27

121

110

Feb.

2

11

Jan.

14

23

Apr.

18

Feb.

16

Jan.
Mar.
Jan.

r

Feb. 23

May

12% Feb. 24

103% May 13 100% Mar. 18 104
Jan. 11
102% May 20
99% Mar. 31 102% Feb. 23
103
Jan. 19
Apr. 18 109

N. T. STOCK

June, 1938]
Sales in

Jan. 3

n. 7. stock exchange

1938

May 2
Ask

Bid

Ask Bid

Bid

♦♦Hirer Ac Gulf Dlr 1st ft 4s—1933 m N
91,000
♦Certificates of deposit
1,000
-1948 i~"j
6,000 {♦St L PeoflcNW 1st 5a
..1955 j j
6,000 St L Rky M & Pac 5s stmpd
{♦St Louls-San Francisco Ry—
♦Prior Hen 4s series A
....1950 j j
186,000
♦Certificates of deposit......—
243,000
♦Prior Hen 5s series B
1950 j"*i
95,000
♦Certificates of deposit...
20,000
♦Con M 4Hs series A
..—1978
502,000
♦Certificates of deposit stamped.
189,000
28,000 {♦St Louis Southwest 1st ft 4s
1989
♦2d ftold 4s Income bond..Nor 1989
7,000
•♦1st terminal Ac unlf 5s..
1952
69,000
♦Gen Ac ref 5s series A
1990
102,000

17

80
Sale

65

73

1314
1214

Sale
Sale

10
ms

1154
1014

MN

65

J

J

j

J

2914
2014

J

j

1514

j
St Paul Ac Duluth 1st consoi 4s.. 1968

D

-1947

J
F

A

J

1314
Sale
Sale
7114
35
2014
20

100

J

{♦St Paul & K C Short L ftuar 4Hil941

J

25
Sale

St Paul Minn & Manitoba—

101

109

11254 11314
15
28
16
2014
20
25
20
3254

......

14

14
4

.........

1514
1514
414

714 Sale
6

854
754

—

14

22

14

Sale
a

8*4

Sale

7

414

♦Certificates of deposit..

Sale

44

25

V7

1414
10J4

13

654

6

24
12

1114

16

98

110

314

414

47

T4

aW
Sale

12,000
368,000 Shell Union OH deb 314 «
9,000 Shlnyetsu El Pow 1st
••Siemens Ac Halske sec
♦Debenture

s

f 6Hs

♦Silesia Elec Corp

1951
s

1951
.......1946
ft 7s
1941

6^s..

Slleslan-Am Corp coll tr

s

m

64

d

1952 j
j
f ft 7s—1935

J

9814
6014

5
Sale

534 Sale
2014

13

334 Sale

m 8

Sale
60

6114

76
28

A

F

"7714 Sale"

Sale
Sale

wk

Sale

63
81

75

2154

80
9714
Sale

A

O

10154 10214

m

s

10714 Sale
10714 10754

F

A

J

1

100

Sale

J

D

92

Sale

A

O

J

D

72

9754 Sale
6654 Sale
7514 Sale
6154 Sale

p

M

m n
MN
J

J

A

O

J

J

61
61

8314
10314
9254

69,000

47,000
22,000
10,000
303,000
65,000
217,000
99,000

1,000

St Louis Dlr 1st ft 4s
1951
Bast Tenn reorft lien 5s
1938
Mobile At Ohio coll tr 4s
1938
Southw Bell Tel 3Ks series B
1964
S'western Gas Ac Elec 4s ser D—.1960
{♦Spokune Internet 1st g 5s....1955
Staley (A E) Mfg 1st mtge 4s.....1946
Standard Oil N J deb 3s
1961
Staten 1st Ry 1st gu ft 414s.
1943
♦Studebaker Corp conr deb 6s..1945
Swift Ac Co 1st M 354s
1950

12,000
258,000
17,000
20,000
229,000
40,000
209,000

5l",666
65,000
50,000
5,000

4214
5154

95
39

39

Sale

39
38

Sale

Sale
Sale
Sale

5414

5414

im

80

85

80

39

......1944
A..1947

Cont deb 6s series B

Tenn Elec Power 1st 6s series

57

"59""

53

Sale

2914

Sale

30

Sale

Sale

3714
4054

Sale

79

Sale
78

40

'4014

39

Sale

9714
7814

m s
m s

71
65

J

F

A

J

D

Sale

J

D

10254

J

J

M

108

120

122

99

D

9034
10434
110
101

7114

10554

10854
74

7414
7414

1980

Sale

A

O

Sale

J

J

Sale

Tidewater

J

j

Sale

Tokyo Eloctrlc Light (Ltd)

Tol St L Ac West 1st g 4s
Tol W Va Ac Ohio 1st guar 4s

"3",606

1950
C..1942

D

D

A

O

m

s

1946 J

Tor Ham Ac Buff 1st 4s

1949
1,000 Trenton Gas Ac Elec 1st 5s
8,000 Trt-Contln'l Corp conr deb 5s ser A'53
7,000 ♦Tyrol Hydro-Elec Power 714s...1955
1952

Guar sec s f 7s

29,000 Ujigawa Elec Power secured 7s..1945
1962
96,000 Union Electric (Mo) 354s
1945
12,000 •{♦Union Eler Ry Chic 1st 5s
42,000 Union Oil Cal 30-yr 6s ser A May 1942
314s debentures
...
1952
98,000
238,000 Union Pac RR 1st Ac land ftr ft 4s. 1947
First Ac refundlnft 4s
June 2008
207,000

D

M

8

3

J




9314

88

55
6354
9934 105
93
98

104

10314
11714
10714 108

118

10334 105
26

f

26

A

m

72

Sale

J

7154
107

"914

A

9

....

Sale

85

118

117

10754

10714 108

Sale

10954

Sale

101
10054 Sale
11214 11314 11214

8

107?a
11454
93

925

Sale

9454

106

Sale

70

Sale

May 14
May
4

May 11
May 23
May 4

46

89

9014
10614

9434
92
Sale

.75

107

11014

89

8914
10614
73

10934 Jan.

5
27
24
24
6
20
13
2
7
31
2

May
May
May
May
10514 May
1014 May
104
May
May
103
102
May
61
May
108
May

?7
i!9o*

May

94

10434 May 24
11054 May 19
May 16

3 May 13

May 23

11014 May 26
7934 May 12
80
May 13
80
May 10

May 20
834 May 18
8514 May 17
6 10414 May 13

2

33

May
6
May 26

5734 May
85

2

May 26

25
4
4

26
12

24

May
May

30

10934 Apr.
12
Apr.

116

25
Mar. 14
Mar.
8
Mar. 14

20

Mar. 14

24

9

23

May

31

4

4

Jan.
Jan.
1054 Jan.
Jan.

Apr.
May

I*

554 May
514 May
14
Apr.

64

Jan.

10114
10534
10654
8714
8714

Apr.
Apr.

11
10

10
3

514 Jan.

10

78 J4 May 12
24

Apr. 27

7714 Mar. 3
9214 May 13
10014 May 25
108
Jan. 18
12014 Jan.
4
4 105

May 14

1 10814 Jan.

14 10834 Jan.
16100
Jan.
~

9434 May

Apr.

18
19
3
4

9914 May 14

Mar. 31

Jan.

1

Mar. 31

76

3154 Mar. 30
30

4
11

414 Jan.
7
5
1 10354 May 19
12 7014 Mar. 16

Jan.

Jan.
Apr.

10

Jan.

22

254 Mar. 26

54

4

31

Jan.

1714 Jan.
414 Jan.

Mar.

254 Mar.

Mar. 31

3014 Mar. 31
44 54 May 27

Jan.

6354 Jan.
6314 Jan.
63

Jan.

8354 Jan.
77
Mar. 29 10414 Jan.
Jan.
93
6014 Apr.
1
4814 Mar. 29
2354 Mar. 29

11
10

13
11
10
5

15
5

4714 Jan.

3
3

Jan.

3

83

Jan.

26

Mar. 29

63

28

Mar. 29

6434 Jan.

3

35
75

Apr.
May

60

Jan.

10

9714 Jan.

4

Jan.

6

80

58 J4 Apr.
10614 Apr.

101
9

May
5
10514 May 12
110

Jan.

Apr.

101
100

95

14

Jan.

21

Mar.
Jan.

105

Jan.

8

103

Feb.

102

May 24
Apr. 29

7254 Jan. 12
May 31

4654 Mar.
10514 Apr.

108

11934 Feb.

9 125

Feb.

100

95

94

7034 Jan.
103J4 Mar.
10914 May
99
May
70

Mar.

7

Feb. 24
May 13

10614 Jan.

14

Feb. 11
10814 Jan. 13
81
Jan.
8
114

Apr.

10314 Mar.

10634 May 23

107

11614
8854
8834
8514

Apr.

70

Apr.
7054 Apr.
72

Mar.

104
34

9814 Mar.
2454 Apr.
314 Mar.

Jan.
Jan.

Jan.
Jan.

Jan.

Jan.

12
12
II
14
25
13

814 May 18
8514 May 17
10414 May 13

Feb.

Apr.

4914 Jan. 12 6354 Mar. 10
Jan.
8
85
May 26 102

14

50

May

3

95

May

28 11734 Apr.
Mar.
16 103
25
May
10
26

67
2
7154 May
7034 May
10814 May 25 105
Sale
10754 May
834
4
9
954 May
May
4
May 27 11654
118"" 11654 May 11 118
Sale
107
May 27 10934 May 10 10454
Sale
10914 May
6 11114 May 24 10734
97
May 10
Sale
2 103
10054 May
May 26 11354 May 13 10934
11314 112
84
May 12
89
Sale
May 31
Q9
84
May
9
Sale
88
May 31
106
Sale
May
4 10654 May 19 103
6954
73
Sale
May 31 7614 May 12

7254

5
9

May

42

May 10
May 13

7
21

Apr.

91

May 11

12
17
15
13

15
12

3614 Apr.

100

10

104

10

23
27
6
5
12
9
2
24
4
11
31

10

Feb.

14

5734 May 10
89
May 11
7114 May 10

5

10
10
12

108

12
10
10

May 10

50
May
6 5014 May
51
63
9934 105
May
95
May
3 95
9414 10014
11834 May 28 11834 May
11834
104
10614 103 34 May 27 10534 May
25
May 14 2534 May
25
22
25
70

10234 Jan.
11854 Jan.
8114 Jan.
113
May
11054 May
11254 Jan.
20
Jan,

98
Apr.
10914 Apr.
45
Mar.

7914 Jan.
May 13
9034 Apr.
May 25
May 10 10414 Apr.
Apr.
May
2 110

May 11 123

10154 May
55

114
s

May 13

454 May
2
May 10

5514

117
106

m

May 27 105
May
3 107
May
3 10834
May
4 9614
May 31 9434

77

9214

10754 10814
754
11714
Sale

26 54

85

J

F

123

5514

J

m

30.

Sale

Sale

10114 102

m n

1st Hen At re? 5s
June 2008
41,000
A O
34-year 314s debenture
1970
23,000
m n
35-year 314s debenture........1971
83,000
1950 a o
94,000 United Biscuit (Amer) deb 5s
A O
30,000 United Clgar-Whelan Stores 5s—1952

For footnotes, see page

60

9214
10014
10734
11054

11*
97

♦Adjustment income 5s

J

73

9854 May
85
May
9154
104
Sale
May
Sale
10934 May
99
May
102
70
May
7414
Sale
10514 May
SI 34
114
10834 May
8677
May
75
7334 May 21
7554 May 27

•♦Third Are RR 1st gold 5s

J

4

100

12014 122

Sale

A..1964 M s
J
I960 J

let M 6c S Series
June 15 1953
359,000
8,000 Toledo At Ohio Cent ref At Imp 354s '60

3,000

May

May
May
May
May
May
May
May
May
May
May
May

Sale

....1979

Jan 1960
1937
Assoc Oil deb 314s....1952

334 May 11

64 34 May 10
3634 May 11
48
May 12
50
May 12

10254

l!l7

Sale

10614

8

J

T7
17

5254 May 31
2854 May
2
37
May
2
39
May
2

Sale

Sale

63

.1

8

6
9834 May
May 25
57
May 10
113
May 26
11054 May 12
May 18
May 18
May 28
May 16
24
May 10
XUH May 12
May 16
May
9
13
314 May 11
554 May 11
6
May 16
814 May 12
May 11
May 11

114

9934 May
49
May
5634 May
4634 May
46 34 May

10354

103

734 Mar. 30
614 Mar. 31
38
May
2
25
May 23
1314 Apr.
1
9
Apr.
1
'

97
May
2
37
May 27
4334 May 28
34 J4 May 27
3354 May 26
34
May 26
4454 May 27
80
May
2
6434 May 27

971
741

J

m

1814 May 12
12
May 11

6714 May
88
May

10834 Sale
104 34 Sale
1014
1014
914
Sale
10354 Sale

D

mn

j

27

May
May 10

1314 Jan.
1514 Jan.
1314 Jan.
14
Jan.
1114 Jan.
6714 Jan.
3434 Mar.
2414 Jan.
17
Jan.
98
Jan.
914 Jan.
954 Apr.

6114 Jan.
2014 Feb.

48

W*

J

46

52

1977

Third Are 1st ref 4s

84

52

......

Gen Ac ref 5s ser D

475

6514 Sale

J4H«-1'A
First cons g 5s
............1944
Gen ref s f gold 4s
1953
1 exarkana Ac F S Ry 514s A guar. 1950
Texas Corp deb 314s
1951
t exas Ac N O cons g 5a
—1943
Texas A: Pacific 1st ft 5s
2000
Gen Ac ref 5s series C

Sale

6554 Sale

Term RR Assn of St L 1st

Gen ref 5s ser B

9734
Sale

4414 Sale
3634 Sale
3634 Sale

Chem—

Tex Pac—Mo Pac Term 514s

151", 000
423,000
70,000
399,000

1951

Tenn Coal Iron At RR gen 5s
Tenn Copper A

Sale

Sale
Sale

202,000 Southern Ry 1st cons 5s
1994
850,000
Derel At gen 4s series A.......1956
271,000
Devel Ac gen 6s series A.......1956
317,000
Derel Ac gen 614s series A.....1956
Memphis Dlr 1st ft 5s.........1996
6,000
1,000
46,000

5014

814 Mar. 26
734 Mar. 30
814 Mar. 30
7
Mar. 30

Jan.

7834 May 12

75

*

9714
4114

Mar.

15

254 Apr.
9614 Apr.

10454 10434 10454 104
10634
107
Sale
10634 107
108
10854 10734
10754 108
92
94
Sale
89
92
90
90
Sale
94
Sale

Southern Natural Gas—

S

69

314 May 18
334 May 18
10134 May
3 103 54 May 19
May 12
59
May
9 60

104

97

M

954 May

10
23
11
11
17

24

6954
8434

4

118

10614

70,000
1st mtje pipe line 4)4*
—1951
196,000 Sou Pac Co 4s Cent Pac coll Auft. '49
302,000
1st 4)4« (Oregon Lines) ser A..1977
336,000
Gold 4Hs_._
1968
618,000
Gold 4Hs
May 1 1969
759,000
Gold 4 Hi
1981
507,000
10-year secured 354*--........ 1946
54,000
San Francisco Term 1st 4s
1950
381,000 South Pac RR 1st ref guar 4s....1955
4s stamped
1955

934 May
11
May

6714
8734
8814
Sale
100
9834 May
9814 Sale
10614 May
10614 10714 10734 Sale
11054 May
11034
11054 Sale

7514

92,000 Simmons Co conr deb 4s......—1952
.1951
412,000 Skelly Oil debenture 4s
1950
162,000 Socony-Vacuum Oil deb 3J4«2,000 South At Nor Ala ftu 5s..........1963

98,000'Southern Bell Tel At Tel 3J4«—1962
68,000 Southern Calif Gas434«
..1961
90,000
1st mtge & ref 4s
1965
44,000 Southern Colorado Power 1st ft 6s '47
120,000 Southern Kraft Corp 4)4«_.. —.1946

314

67

May 19

1234 May 11
11
May 11
12 54 May

3

4

Sale

24

414
554
9814 Sale

♦Certificates of deposit

214 May

Sale

614
514

98

1935

Series B

May
554 May
534 May
16
May

6
3
27
5
3
28
18
25
16
10
10
21
27
4
31
2
31
27
2

4

11014
10954
10614
1354

15

Feb. 11
734 Mar. 26
634 Mar. 19

3
5

48

5
5

1814 Jan.

5

93

114

US*
36

Jan.
Jan.

Mar. 29

62

914

7

May 12

12

May 11
May 12
May 12
May
3

23

May
May
May
4854
5354
Sale
11014 May
11214 Sale
Sale
10954 11014 10954 May
May
108
106
10614 106
15
18
May
15
1834
12
May
15
1814
1654
May
24
3114 24
3114
24
28
May
24
2534
May
11314 11354 113
12
13"
May
1214
1154
Sale
May
1154
1054
May
Sale
214
Sale
434 May
4H Sale
Sale

65

46

64
62

4254 May

93

80

9954

98

11054

1935

tSeaboard-All Fie 1st 6s A

8

9414
11
954

654

9

41

15

914 May 28
834 May 31
9 54 May
3
814 May
2
8
May 27
7
May 31
38
May
2
25
May 23
1434 May 27
9
May
4

Sale

7

Sale
34%
1654

26

62

814

Sale
Sale

38

6414

10

1054
Sale

814
8 54
714

18

15

914 Sale
814 Sale

9

814

11014

115

............

34",606

102

11854 H9
81
8214
10914 HO

13

1054

10

.....

9*4
814

tPaclflc Ext sterling ftuar 4s.. 1940
13,000
J
J
46,000 St Paul Union Depot 1st 5s ftuar. 1972
J
J
82,000 iSan Ant Ac Aran Pass 1st ftuar 4s.1943
J
J
Sun Antonio Public Serr 1st 6s A. 1952
107,000
m n
..1965
69,000 San Diego Cons G & El 4s
m s
12,000 Santa Fe Presc Ac Phenlx 1st 5s.. 1942
J
J
1,000 {♦iSchulco Co ftuar 6J4»
1946
♦Stamped
....
15,000
o
♦Guar slnklnft fund 6 J4« B
1946
1,000
♦Stamped
——
4,000
1989 mn
7,000 Sclo Vail At N E 1st ftuar ft 4s
A O
3,000 •{♦Seaboard Air Llns 1st ft 4s —1950
A O
•♦Stamped 4s_
1950
73,000
F A
♦Adjustment 5s.
.Oct 1949
18,000
•♦Refundlnft ft 4s
...—1959 A O
56,000
♦Certificates of deposit—
11,000
♦1st Ac cons 6s series A
1945 m's
420,000
♦Certificates of deposit
100,000
Mi
{•♦Atlan-Blrm Dlr lstft4s.Mayl933
15,000

34",600

13

46

42 54 May
46
May

60

5914
15
6654

65

5

12
May 12
May 19

4614
5914

45

4414

4214
.....

10

*

{♦lit Paul B Grand Trunk 4J4®

67

63H
60

49

Sale Prices

Sale Prices

Sale Prices

Sale Prices

Ask

1

Highest

Lowest

Highest

Lowest

May 31

8t Louis Iron Mtn & South—

81,000

RANGE SINCE JAN.

PRICES IN MAY

Price

BONDS

May
Value

EXCHANGE-BONDS

Apr.
Apr.
Jan.

Apr.

Apr.

6

80

3 10354
22 11854
31 10854
14 97
29 96
4

80

Jan.

20

Jan. 26
Mar.21
Jan.
7
Feb
Jan •
Feb.

17
3

28 10814 May 25
18
9J4 Mar. 2
26 11834 Jan. 14

Mar. 31 10914 May 10
3
Mar. 31 11434 Jan.
3
Mar. 31 10754 Jan.
Jan. 14
Mar. 28 116
Apr.
Apr.
Apr.

Jan.

Feb.

17

8

96

7

9534 .Feb. 23

4 10734 Mar. 19
13
7754 Mar. 15

30

N. Y. STOCK

Sales in

Price

May

BONDS

Value

n. t. stock exchange

Bid
8

1953 M

J

24%
108%

M

8

J

j
D
D

32,000

♦Sinking fund deb 6%s Mr A..1947 J J
66,000 Utah Light 8c Trac 1st 8c ref 5a..1944 a o
184,000 Utah Power 8c Light lat 5a
1944
151,000 {♦Utilities Pow 8c Ltg deb g 5%s_1947
...........1959
A

5a...1941

conr

O

« 4a A.......
1955 P A
Consol 4s Series B
....1957 MN
♦♦Vera Crux & Pacific lat 4%s„_1934 J
J

♦♦July 1914 coupon off..
Virginia El & Pow 4s aer A

J

103 %
28

27%
27%
86
87 %

1051;

Sale

29

110

109% Sale
45

Sale

85% Sale

Sale
Sale

49% Sale

80 %

84

50

67% Sale

1939 P

A

34

♦1st lien 54-year gold term 4s. 1954
♦Dot 5c Ch Ex 1st g 6s
1941
♦Dee Moines DIy 1st g 4a
1939
♦Omaha DIy 1st g 3%a
...1941
♦Tol 5c Chic DIy 1st g 4s
1941 M 8

50 %

43

46"o6O

A

1980

109

Sale

40

90

44%

...

149,000
34,000
48,000
100,000
61,000
36,000
130,000

West Maryland lat g 4s.....

13

12 %

10
102 % 104
67
70

74%
75
40

23:606

Wheel 5c L

Erie RR 1st

10,000
9,000

3O",666

1

9%

'7% May"

7%

9%

Sale

104% 105

Sale

Sale

70

18%

Sale

77

Sale

Sale

83% 86
101% 103

Sale

18%

17

19

15%

Sale

17

Sale

60
Sale

55
57

Sale

56

Sale

55%

Sale

22%
51%

Sale

57%

22
50

52

48

J

23

Sale
75

M S

Sale
100
Sale

J

101%

J

Sale
82 %

J

109%

J

Sale

20
8
9

.....

Sale

May

Sale

24

77

May
May
May
May
May
55
May
56% May
55
May
22
May
54
May
50% May

100$

8

14

14

6

7

6

iff

6

106

96%

May 28
3

98%

Apr.
Jan.

6% Mar.

14% Jan. 10

Jan.

11% Feb. 23
13% Jan. 13
11% Jan. 12

6% Mar.
Feb.
Mar.

13

Apr.

14

Feb.

10

105

May 13

71

Mar

82

Feb.

3
8

79% Jan.
43% Jan.

10
21

108% Mar

7
5
12

63% Apr.
29

10

Jan.

10

Mar.
Mar.

Jan.

13

6% Mar.
6% Mar.

69

3

9
27

45

56

9

12

30

100

19

Jan.

Mar. 26

1
Mar. 28

9%

Sale

3%

Sale

99

7

116

105% May

110

123
Jan. 27
102% May 16
4
120% Jan.

109% Feb.
106% Jan.

101% Apr.

83
May 10
2
87
May 16
2 103% May 14
3
20
May 11
3
19% May 12

68% Mar.
73% Apr.
97% Apr.

31

27
27
23
23
4

21

May
62% May
62
May
22% May
60
May
55
May

107% May
92
May
99
May
6% May
100% May
101% May
87
May

12
11

11
2

10
11

14
20
19
11
12
23
23

16

15%
51%
48%
47%
20%
49

11% May 10
8% May 16
6% May 12

9 106% May 19

111

¥
20

88
70
24

Mar.

Mar.

71
8

Mar.

Mar.

6% Mar.
5% Apr.
6% Mar.
104
Apr.

10
5

27
Jan. 15
Jan.
7
Jan. 12
Jan. 12
Jan. 11
Feb. 28
Jan.

75%

Jan.

3

63

May
Apr.
Apr.
Mar.
Jan.

4

Jan.
Jan.

93

Mar.
Apr.
Apr.
Mar.
Mar.

99% May
96% Feb.

Apr. 21

109% May 11
104% Mar. 25

Mar.

50%
104%
105%
79%
91 %

Mar

105% Jan.

Jan.

2
11

9%

Sale

104
Apr.
107% Mar.
103% Apr.
121% Feb.
98% Apr.

107% Mar.

Feb.

15
27

105% Jan.

110%

Jan.

4
15

93

Jan.

99

May 19

7% Jan. 14
4
101%. Jan.
101% May 23
87
May 23

109%

Jan.

15%
14%
8%
6%
106%

Jan.

3

Jan.

5
10
14

Jan.
Mar

4

May 19

5

98

May

3 100% May 20

•

Deferred delivery sales, only transactions of
current month, and not included in
year's
I

,6
16
16

14

May
3
8% May 16
6
May
9

range.
n

May 10
May 31

104% May
121% May
102
May
im May
111
May
109% May
104% May

May
May
May
May
May
May
May

1 Called for redemption.
a

76
36

May 13
May 12
May
5

25|105% May 25

82%
100%
16%
15%

55%
51%
105
100
104%
107
108
106% 107% 107
90 % Sale
87% Sale
87%
93% 100%
98
100%
6
5%
5%
99%
Sale" 97% Sale" 97%
86
85
86% 85%
106
106%
9*
9% "16%
11
9%

"3%

Youngstown Sheet 5c Tube—
1st mtge s f 4s series C.........1961 M N

103% May
2 105
58% May 31 70
70
May 25 78

.....

56

J

35

May 11

10
7

18
4

67% Jan.

40

9% May 11

May
May
May
May
111
Sale 111%::::: 111
May
108% 108% 108% 109
108% May
104
Sale
103% 103% 103
May

57%

J

Jan.

91

Sale

O

'9% May" 10

105%
105%
107% 109%
104
104% 105
121%
121%
101
101% Sale
119%

107% 109%
103% 104%
121% 121%
101% Sale
119%

Sale
Sale

D

6

7% May 26

72

16

45

May 31
16% May 31

9

30% May

79

1 109% Jan.

Mar. 31

61
Jan.
May
4
99% Mar. 30 105% Feb.

9% May 11

6

45

100%

May 11

"7%

k

97%

106% Apr.

9% May 10

Sale

Sale

8

41

7% May 27

36

J




88

May
5
23% May 13

7% May

5%

D

i

Apr.

May 16 104
May 16
1% Mar. 29
2% Mar.
1

43

8%
8%

"16""

72% Sale

Sale

the

■pass

7%

"7%

25

108%

1961 J

Negotiability impaired by maturity.

Mar. 24
Mar. 24

20

70
91

Sale

8

40

May 11

29%

121%

♦♦Sup Ac Dul DIy Ac Ter lat 4s. 1936 MN

Bond selling flat.

Feb. 25

45

45

May 18
May 10

20

Sale

8

J

40

75

10

104

g 4s.. 1949 M 8
ser A
1966 F A

such companies.

12
16
11
11
28

Apr.

89% May
May
50% Jan.
50% Apr.

45%
91%

7

5%
103%
64%

44

74
33 %

J

X Companies reported as being in
bankruptcy,
receivership, or being reorganized under Section 77
of the Bankruptcy
Act, or securities assumed by

92

35

45

flJH

IP

3 109% May 18

4
47
2 104

78

J

t The price represented is the dollar quotation
per 200 pound unit of bonds.
Accrued interest
payable at exchange rate of $4.8484.

38

1

Apr.
78% Apr.

77

71%

con

♦Certificates of deposit
Wisconsin Public Service 4s

22
18
1

73

36% Apr. 12
36
Apr. 13

104

70

J

{♦Worcester AkConn Eaat Ry 4%sl94? J

516,000

80

J

Winston-Salem S B 1st 4s
1960 J
{♦Wisconsin Cent 1st gen g 4a..1949 J
♦Certificates of deposit

21

99%

229,000 Wheeling Steel Corp 4H>
4,000 White Sewing Machine deb 6s
1940 MN
19,000 t *♦'Wilkea-Barre Ac East 1st
gu'g 5a 1942 J D

29",666

"37""

70

M S

4,000 Wllmar Ac Sioux Falls lat 5s...
1938 J
92,000 Wilson Ac Co 1st M 4s aer A..
.1955 J
ConY debenture 3%a.........1947 A
18,000

27% Jan.
27% Jan.

May 16

May 31
16% May 31

Sale

3

2

25

May 23

41

16% Sale

4 114
Mar.
3 106% Mar.

27% Jan.

86

Sale

Sale

1,009,000
Gold 5s
.1960
34,000 •Westphalia Un El Pow 4s
1951
51,000 West Shore lat 4s guar.....
3361
32,000
Regietered
3361
Wheeling 5c Lake Erie Ry 4s D..1966

41

24%
45

Sale

......

J

41%
22%

13

12%

Western Union 4Ha go;d........ 1950 MN
1951

May
50% May
50% May

107
Feb.
103% Jan.

May 16 104

46%
May
Sale
102% May

103%

43

13%

11

O

5s

92

43

"40""

Sale

O

Gold

Sale

51

Sale

1952 A

40

47

121%

First Ac ref 5%s series A......1977 J
West N Y 5c Penn Gen
gold 4s.__1943 A
{♦Western Pacific lat 5s aer A
1946 M
♦Assented

89% May

Mar. 23
81% Jan. 13
May
6 109% May 26
Jan. 18
19% Mar. 30 27

90

45%

Sale

1945 F
1939 J

11,000 Westchester Light gold 5s..
1950 J
Gen mtge 3 Ha..
228,000
....1967 J
8,000 West Penn Power 5s series E
1963 M
lat mtge g 4s series H......
7,000
1961
54,000
1st mtge 3Hs series I
1966
97,000 West Va Pulp 5c Paper 4H8
1952

103

45

40

13

Warren R R 1st ref gu g 3%a
..2000 F A
Wash Cent Ry lat g 4s
..1948 Q M
Wash Term lat guar 3%s„...... 1945 F A
Wash Wat Pow 1st ref 5a

Sale

J2%

126,000 Warner Bros Pictures conr deb 6sl939 M S
172,000 {♦War ten Bros Co deb 6s
1941 M 8

"6:666

105

69%

96;66o Walker (Hiram) G 5c W deb 4%s.l945 j"D
145,000 Walworth Co 1st mtge 4s........1955 A O
6a debentures
40,000
1955 A O

...

5

104

109% 109% 108% May
42%

52

65

94

♦Certificates of deposit

1st 44-year guar 4a

Sale

84% Sale

45

O

"4:660

59%

25

♦Ref 5k gen 5s (Peb '33 coup) B.1976 F A
♦Certificates of deposit
♦Ref 8c ften 4%s series C
..1978 AO
♦Certificates of deposit....
♦Ref 5c ften 5s series D

Sale

104

68%

90" 000

"33"

Sale Prices

60
107

100 %

103

57,000 t♦Wabash Ry ref Ac gen 5%a A..1975 M S
♦Certificates of deposit

•

HP

Highest

Sale Prices

10
26
9
3
2
12
11
11
16
11
2
2

J

1955 MN
Va Iron Coal 8c Coke lat g 5a
1949 M 8
Va 8c Southwest lat guar 5a....2003 J
J

1939 MN

48,666

Sale

85M

...

1958 A O
aer A.1966 M 8

io'ooo

111

27
31
7
7

81% May

Sale

Sale
Sale

~J£-

79% May
6 109% May
31
21% May
26 112% May
31 105% May
28 33% May
25 33% May
25 33% May

May
19% May
107
May
105%, May
32
May
32
May
32
May
84
May
85:
May
48:
May
48% May

1

Lowest

Sale Prices

\9% May 27
107

33

49%

Highest

Sale Prices

Sale

35

im

Sale
Sale

46,000 {♦♦ Wabash RR 1st gold 5a
37,000
♦Second gold 5s_......

♦

34

29
33

30
29 %
Sale

303,000
Plrst cons 5a
203,000 Virginian Ry lat 5c ref 3^1

*

69%
108%
21%
19%
113% 106%
Sale
105%

20
112 5-

34
Sale
Sale

Sale^

109%

Ask

Sale
Sale

108

50%
50% Sale
83

Vandalla consol

155"66O

RANCE SINCE JAN.

Lowest

May 31

Ask Bid

74

109 %

20,000 ♦United Steal Wka g 6 Ha Mr A—1951 J
8,000
♦6%« aeries C
1951 J

~7",666

Bid

Sale

8

J

-

May 2
Ask

77

M

-

♦♦Debenture 5a..

1938

Nft,

38,000 UNJRR4 Canal Co ften 4a
1944
24,000 ♦{♦United Rye St L lat g 4a
1934
75,000 U S Pipe & Pdy con* deb 3^8....1946
409,000 TU 8 Rubber lat Ac raf 5a aerloe A 1947

28,000 Vanadium Corp (Am)

PRICES IN MAY

Jan. 3

%
130.000 United Draft Co (Del) 5$

202,000

EXCHANGE-BONDS

.

Under the rule sales, only transactions of the

current month and not included in
year's range.
r Cash sales,
only transactions of the current
month, and not included in year's range.
x Ex-interest.

The

following

Feb.

Feb.

18

96

Apr.

5 100% Jan.

20

cash

sales

during the current month and
in the monthly or yearly range;

were
are

transacted

not

Included

General Electric 6%s 1940 May 3 at 50
as

The

following

deferred

delivery

sales

were

transacted during the current month and are not
included in the monthly or yearly range:
Detroit Term & Tun 4%s 1961,
May 9 at 93
French Rep 7%s
unstamped,

May 4

at 93

Illinois Central 4s 1952, May 4 at
36%
Vienna 6s 1952, May 24 at 20

York
Stock Exchange

New

monthly and yearly record

range of stock prices during may 1938

May
Jan. 1 to

May 31
a

Jan. 1 to

May 31_

,.

rule of the Stock Exchange,

NOTICE—Cash and deferred delivery sales are

1937

1938

$179,649,000
1,525,455,000

$121,166,000
723,806,000

____

effective Oct. 3, 1915, all stocks are now quoted dollars per
of stocks which sell only in a small way.

In accordance with

lots except in the case

May__

18,649,189
212,421,734

14,004,244
92,797,143 *

Shares

Bond Sales

1937

1938

Stock Sales

share. Prices are on a basis of 100-share

disregarded in the month's range, unless they are the only transactions of the month, and when selling
footnote in the month in which they occur.
No account is taken of such sales in computing the
I

outside of the regular monthly range are shown in a
range

for the

year.

AGGREGATE

SALES

In

May

3
1938

Bid

Par

Shares

3734

Abbott Laboratories.......*
300 Abraham St Straus.....
*

600

6,300

40

3,600

25
6,000 Acme Steel Co
*
110,000 Adams Express
..*
6,700 Adams Mlllls
19,100 Addressograph Multigraph 10
22,700 Advance Rumely—....
..."
148,700 Air Reduction inc..... ....*
35,900 Air-Way Elec Appll Corp....*
329,400 Alasaa Juneau Gold Min.10
30 Albany & Susquehanna.. 100
*
141,500 Allegheny Corp
Pref aeries A130 warr'ts .100
58,700
Pref series A 140 warr'ts 100
7,800
Pref aeries A130 ex-war .100
4,100
$2.50 prior conv pref
*
8,500
54,300 Alleghany Steel

50

...

.......

43 34

100

......

1,700
5,300
28,000
1,800
24,600

13",700
5,200
2,200
800
900

Allen Industries Inc

700

1

14,200
82,500 Allied Chem & Dye........
5
5,500 Allied Kid Co
•
42,500 Allied Mills Co Inc
._.....*
230,300 Allied Stores Corp
5% preferred
.....100
6,300
427,800 Allls Chalmers Mfg

11,900
200

5,800

22,500
200

82,000

.......

*
16,700 Alpha Portland Cement
29,300 Amalg'mLeatheiCos.IncNewl
6% cum preferred....... 50
3,600
„........*
42,900 Amerada Corp.
9,200 Amer Agrlc Chemical (Del)
1C
72,700 American Bank Note
6% preferred............50
4,270
49,700 Am Brake SAP
5 34% conv pref erred.... 100
2,180
25
81,300 American Can
Preferred
......101
6,000
"
88,800 Amer Car k Foundry....
Preferred
.100
13,400
117,000 American Chain 6c Cable..
400
5% preferred.........
100
*
9,500 American Chicle.......

1,500
1,100

"7",705
1.500

25,600
1,540
4,700

.....

710

10,600
1,900
10,600
1,400
12,700

...

"2",000

Am

Coal

of

Co

300

24",000

26,200
38,100
85,900

17
Sale

1834

19

Sale

Sale

41

Vh
9K

Sale

95

834
Sale

15

7K
1134

6

15

10

Sale

15K

Sale

159 34

Sale
9K
Sale
Sale
47
49 h
4634 Sale
8K

12 K
6 34

12 k

Sale
2 34 Sale
18
21k

57

Sale

57 k
11

Sale

49 H
42 H

Sale
Sale

58 h

34

954
....

634

654
534
6

8K
13

5K
Sale
137 K
7%
7K

138

7K
1034

Sale
Sale

6

10

5K
41K
3934

13

tlH
1234
46 34
27 K
120

165
167
24 k Sale

162 K
16 K

83 K

42 34
14 K

48
Sale

95

150

80*

92

95

104 K

85

Sale
23

15

6K
1034

634
934

Sale

7p

Sale
Sale

i*

754

15

534

Sale

4

3
14 34

734
1234

17

934
234

10K
2%

9

2 34

1434

Sale

34 34

Sale

Amer

IK
1634
4-34
14 K

314,000
15,700
16,300
8,400

14

.....100

4% preferred

....

Stores

American Sugar

50 K

.......*
...100

$5 prior conv prsf
Anaconda Copper
Anaconda Wire 6t Cable
Anchor Hocking

$6.50

For footnotes see page 40.




conv

25
50

Glass Corp*
*

preferred...

1234
3

Sale

26

110

99

24

23 34

Sale

2iH

Sale

20 34

Sale
Sale

1154

2234
4K
3154
27 34
1034

150
Sale

"j§K
65

68 34
Sale

17

9K

1434
65

$3,1654

10

27 K

35*

Sale

25
32

11534 11734 114K
47 34 Sale
51
139

Sale
8 34
Sale
Sale

18 K

.........

48

Sale

101

.

319,900 Amer Telep ft Teleg
...100
26,700 American Tobacco ........25
Class B
25
81,600
4% preferred...........100
11,000
70,800 American Type Founders...*
321,700 Am Wat Wks St El
$6 1st preferred
.......*
2,300
31,000 American Woolen..........*
Preferred
100
55,100
258,700 Amer Zinc, Lead 6t Smelt...1

4,700
1,867,000
10,600
16,200
1,040

54 K
Sale

1134
3K
28 K

......100

12.100 Amer Sumatra Tobacco....

•

^
Sale
o

15

...

Refining. 100

Preferred

16

534

Corp.......*

Amer Steel Foundries......*

American

7K

9K

Sale

5

46

45

Sale

38

1034

7
17
12
10
26
9
9
11
9
18

134
2
1034
27
9
21
734
27
1134
20
1634
27
28
11
6K
28
27 152 K
7K
11
11
6
7
27
19 4534
27 4534

May
May
May
May
May
May
May
May
May
May
May
May
May
May

10
10
10
13
9
11
11
7
12
11
10
12
6
10

32 K

3334
934
1634
21

234
4834
1

31
27

15

May 13
234 May
4

103

3634
3034
29 K
634
14K
1634

Feb.
Mar.
May
Mar.
Mar.
Mar.

2

Feb.

40

May
34 Mar.
834 Mar.
95
Apr.
34 Mar.
6K Mar.
5

Mar.

6K May
8

Mar.

1134 Mar.
May
4K Mar.

28

124

Mar.

7

Mar.

834 Mar.
4K Mar.
38

Mar.

27

27

67

May
May
May
May
May
May
May
164
May
1934 May
37 34 May
1334 May
60

2
1734
53
2
25 3234
2 125
8934
2

26
27
27
31

May 27 110

Highest

10
10
18
31
10
5
10
20
10
7
9

May 16

i

Sale
Sale
Sale

139
Sale

Sale
88
Sale
Sale

139
Sale

26
107

15

Sale

12534
66 34

Sale

68

Sale

137

139

65K
67 K
136

Sale

434

A*
60

8

74

4

4K

29

Sale

Sale

33

Sale

128

Sale

Sale

Sale

1734
6K
2234

4 54

25 K
25 K

32

Sale

Sale
7

65

334
2934
434
25

234 May
May
Sale
6K May
Sale
12K May
9
10
May
Sale
234 May
16
16
May
34
36
May
Sale
May
Sale
May
5
5
May
14
Sale
May
<t6
66
May
10 34 May
12K
Sale
May
3
26
Sale
May
105
119
May
2334
2234 May
Sale
434 May
Sale
25
May
Sale
2034 May
Sale
934 May
151
153
May
14
Sale
May
67 34 May
68
Sale
1634 May
Sale
834 May
25
Sale
May
Sale
3034 May
114
May
11834
53
4734 May
13934 May
14

Sale

d'A

N

Sale

Sale

125

Sale

65

Sale

67 K

13834 13734
Sale
434
Sale
734
74
4

Sale
Sale

3034

68

334
28 34

434
25

22

Sale

21

31

35

32

Sale

104

12

104

734 May
May
1034 May
78K May
3 34 May
4K May 23
11

13

1334
10434 102

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

4

May
May
1034 May
1934 May
934 May
3
May
19
May
37
May
134 May
1634 May
6K May
1834 May
58
May
13
May
4
May
33
May
a:105 K May
24 34 May
634 May
3634 May
3234 May
13 34 May
152
May
1734 May
7134 May
18
May
1034 May
2834 May
4034 May
120
May
51/a May
140
May
22

11
9
11
11
9
10
12
9
2

31

10
20
24

9
10
7
2
16
7
12
12
12
12
17
11
17
10
10

5134 Jan.

19
12
11
11

11
11

May

49

Mar.

10

Mar.

1734 May 18

4634 Apr.
2334 Mar.
114
Apr.
7034 Jan.
16034 Mar.
1234 Mar.

42K Jan.
3
25K Feb.
2
91K Feb. 23
67
Feb.
8

27

55

Mar.

27K Jan.

3

12

Jan. 15
1734 Jan. 17
00K Jan. 24
10
May 16

50

Mar.

9K Mar.
100 K Jan.
88 K Mar.

Feb.

Feb.

7

Mar.:

Feb. 21

Mar.:

Jan.

834 Mar.:
May
2K Mar.:

Jan.

15
12

Jan.

18

4

Mar.

Jan.

Jan.

Jan.

i*
75

177

9

May 26

12

2

Mar.:

234 Mar.
13K Mar.
534 Mar.
10

Mar.

3034
IK
1334
434
1234

Mar.

45
10

Mar.

Mar. i

Mar.:
Mar.

17
10
12
Jan. 12
Mar. 24
Jan. 18
Jan. 12
Jan. 12
Jan. 12
Feb. 23
Jan. 11
Jan. 15
Jan. 15
Jan. 12
Jan. 12
Jan. 11
Jan. 12
Jan. 17
Mar.
2

25
13

4534 Apr.
Jan.
130

Mar. ;
Mar.:
Mar.

Mar.:

16K Mar.;
9

Mar.;

151

May :
1334 Mar.;

58

1734
iis

Mar.!
Mar.;

Mar.;

Apr.
Mar.;

Mar.:

1534 Mar. 31
2234 May 10
27
634 Mar. 31
8K May 11
31
21K Mar. 30
2834 May 10
27
May 25 10134 Mar. 31
19 108
Mar. 30
1934 May 24
7
Mar. 30
May 10
2 133
Mar. 30
58
72 K May
31
7
5834 Mar. 31
31
7
7334 May
Apr.
1
23 14034 May 21 130
6
2
May 11
334 Mar. 28
6
Mar. 30
2
1034 May 10
70
68
4
Apr. 16
May 20
Mar. 31
25
434 May 13
3134 May
2
2354 Mar. 31
6
Mar. 30
26
634 May
7
Mar. 26
26 2534 May 26
21
26 2934 May
9
May 26
29
Mar. 29
25 36 K May 12
16
26
May
9
1034 Mar. 31
97
11 10534 May 17
Apr.
6

AVA

25*

2
11

Mar.

Feb. 23

103

334

Jan.

Jan.

99 K Mar.;

19

18
13
13
Jan. 14
Feb. 26
Jan.

Mar.:

Mar.

20

25

Jan.

Mar.

10
9
10
13
11
9
19
4
11
11
11
10
10
10
19
18
10
12
10
7

23

Feb.

Mar

12

12
17
22
Jan. 13
Feb. 25
Jan. 14

Jan.

22

177

Sale

40

<

26
27
31
27
27
23

500

Sale

15 K

100

Sale

1634
Sale
6K
8
Sale
2134
27 K
106 34 10634
105
108
1634
16 54 *17K Sale

20 34
7

2834
534

Sale

534 May
9
May
834 May
75
May
234 May
4
May

634

11
14

24
Jan. 12
72 K Feb. 21
66
Jan.
8

Mar.

19 K

23

Mar. 11

1534 Jan.
3K Jan.

1134 Apr.
134 Mar.
55

45

Mar.
23 36
Jan.
28 52
10 34 Jan.
30
31 *2054 Jan.
23
Jan.
31
2 34 May
23
5834 Jan.
2
134 Jan.
30
1334 Feb.
31
Apr.
16 95
134 Jan.
31
30 1734 Jan.
30
1734 Jan.
27 1734 Jan.
17K Jan.
31
31 2134 Jan.
28
May
11
934 Jan.
30
31 176K Jan.
934 Jan.
31
1434 Jan.
28
9 34 Jan.
26
53K Jan.
31

34 34 Mar. 31

10

95

Sale

254

Sale

is*

.,

20

137

8
Sale

Sale

18

15 34

......

1,200

Sale

834

Sale

.

900

12K
28

534

9

75

170

170
3

195,100 American Bolting Mill.....25
4K% conv preferred
100
25,100
15,200 Amer Safety Razor
..18.50
..*
19,700 American Seating Co
10,590 American Ship Building....*
568,400 Amer Smelt 6t Refining,
Preferred
Ill
8,700
........25
7,900 American Snuff
710
6% preferred...........100

21,600
2,100
4,100
1,800
1,290
67,400

Sale
.....

10034 109

IK

-.

9

13K *1134 Sale Ml 34 May
2
134 May
234
134
12
19
1634
55
Sale
May
5534 Sale
50 K May
50
50 K
55
Sale
1234 May
14K Sale
Sale
Sale
53
46K May
28 K
30 K
25K
2934 May
Sale
120
123
May
83
Sale
85 34 Sale
May
Sale
161
May
16234 164
Sale
1534
1434 May
1434
32
30
28
34 34
May
Sale
1034 Sale
1QK May

17

Preferred

634

10

11K

36 34

120

634

7K
7K

48
Sale

l15k 12334
70 34 Sale

10

.....

Internet

Sale

May
May
May
May
May
May
May
May
May
May
May
May
May
May

42 K
38 54

2

43

May
May
May
May
May
May
May
May
May
May

21
24
28
27
26
23
2
2
27
2

95

Sale

*

American Ice

Sale

May
May
May
May
May
18
May
2K May
40
May
34 May
9K May

Sale

29

26

"7~34 "sk

iHSale

1

7K

11

17 K
Sale

Sale

13

564,300 Am Radiator 6r Stand San..*

60

150

Sale

Amer Home Products.......1

...

118.300

700

Sale
15

36,800 Am Mach6cFoundry.......*
38,500 Amer Machine 6t Metals—
113,800 American Metal
2,700
6% Conv preferred
.100
8,960 American News Co new....*
388,700 Amer Power ft Light........*
$6 preferred.
84,200
$5 preferred
•
96,400

800

800

Sale
Sale

137.500 Amer Locomotive
Preferred-.............100
14,100

12,900
1,100

233,100

IK

1634
19 34
2K

7K
15 34

Sale

45,000

13,600
1,200
5,100
5,000

400

Sale

8

IK Sale

17 k

31K
29 K
734
1634

20,200
23,800
5,900

800

2,700
5,900
1,200
7,100

300

Sale

31K

....

11

31

34

Sale

iik Sale

13

41

34

35

$7 preferred..............*
31,000
2d preferred A...........*
47,800
$6 preferred
....._..*
14,800
12,200 Am Hawaiian Steamship—.10
61,800 American Hide 6c Leather ..1
7,100
6% preferred............50

8,100
14,200
2,200
1,300
3,000

2,400
6,600
21,600

1

41K

27
29

42

30

20
32,100 Am Com Alcohol
10
44,600 Amer Crystal Sugar Co..
6% 1st preferred ....... 100
1,230
59,800 Amer Encaustic Tiling.....1
*
1,000 Am European Securities
10 American Express Co.....100
140,400 Am & Foreign Power.......*

5,900

36,300
1,600
4,400
1,100
4,800
34,600
4,600
8,700
2,600
6,100
83,700

A*
49

40

40

25

County. N J
14,000 American Colortype...

530

1

Sale Prices

Sale Prices

Alleghany

10

2,400
3,300
6,200

li*
20

Ask

3734
43 H
Sale

Highest
Sale Prices

Ask Bid

Bid

Lowest

Lowest
Sale Prices

May 31

May 2

Ask

50 Alleg & West Ry 6% gtd.,100

500

16,200

JAN.

Price
Jan.

Jan. 1

Shares

RANGE SINCE

PRICES IN MAY

STOCKS
N. Y. STOCK EXCHAN QE

Since

Jan.
Jan.

Jan.

May 13
10
18
11
Mar. 14

Jan.
Jan.
Jan.

May 24
Jan.

10

May
7
May
7
May 21
Jan.

21

Jan.

12

Jan.

20

Jan. 12
Feb. 23
Jan.

10

Jan.

10

Jan.

11

Jan.

11
15
3

Jan.
Jan.

32

STOCK EXCHANGE-STOCKS
Y.

N.

AGGREGATE

SALES

PRICES IN

STOCKS
M. T. STOCK EXCHANGE

May

Shares

Par

RANGE SINCE JAN.

1

Jan. 3

Shares

MAY

Price

Since
Jan. 1

tn

100

100

2,100

1938

""400
17,200
2,100

"8,660
1,800
2,000

Preferred

400

1,500
100

""700

950

40,900
4,200
10,400

308,000
34,000
74,900
7,984
9,500
143,600
-8,500
93,100
16,600
10,900
1,130
12,200
36,500
8,000

200
400

70

400

1,600
400

130

140

930

Coast

6

28
81
Sale
Sale
Sale

5% preferred
4%

conv

4)4
8)4

»

.....100

Sale

25

105)4

pref series A...100

Atlas Corp

1

Sale

Atlas Powder.....

Sale

5% preferred
Atlas Tack Corp

115

........100

6

t Auburn Automobile
Austin, Nichols Ac Co

40)4
15)4
4)4
6)4
20 H
106

$5 prior A...

2)4
15)4

*

____._*

22,500

193,600 Aviation Corp (Del) The....3

36,900
38,900
14,300

V t c when Issued...
339,500
13
100
488,300 Baltimore At Ohio
106,100
4% preferred
........100

500

3,200 Bangor Ac Aroostook..
50
390
5% conv preferred......100
92,600 Barber Asphalt Corp
10
*
18,900 Barker Bros
3,560
5)4% preferred
50
297,600 Barnsdall Oil Co
5
14,500 Bayuk Cigars Inc..........*
1st preferred
400
100
12,200 Beatrice Creamery
.25
1,000
$5 preferred w w
*

Baldwin Locomotive

6)4

ilH
112)4
4)4
3

4

*
....

5
*52

May 26
May 12

6)4 May 12
53
May 7

13

Sale

3)4

Sale

6)4
5)4
6)4

Sale Prices
19
Jan. 11

Mar. 31

3)4 Feb. 24

2

1 30
6 121
Mar. 30 100
6
3)4 Mar. 26
28)4 Mar. 28 72
20

28)4 May
Z8* May
79
May
Sale
24
May
Sale
40
May
15
15)4
May
5)4
4)4 May
May
Sale
19)4 May
Sale
105)4 May
Sale
6)4 May
Sale
39)4 May
37
38
May
119
110)4 May
5
5
May
3
May
3 )4
Sale
2
May
13
17
May
Sale
3)4 May

30

IS*
47*
20 H
5

9

22)4
107)4
7)4
41H
41)4
115

5)4

if*
4)4

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

26
18
20
10
11
11
20
10

Jan.

Mar. 19

24)4 Mar. 26
5)4 Mar. 25
2)4 Mar. 30
4

Mar. 29

*52

May 12

10
10

5

27

Mar. 30

72
72

Mar. 29
Jan. 22
Mar. 31

22*
40
14

May 27
Mar. 31

4)4 Mar. 25
Mar. 26

17)4 Mar.
20
10
16
11
23
7
10
23

Jan. 13
Mar.
2

Apr.

119
82

Mar.

.

2)4

Highest

Sale Prices
10
Mar. 31

50

82

79
25

Sale

6% preferred............50

31)4 May
9
7)4 May 12
3)4 May 10

May 26
6)4 May 25
2)4 May 26

61
.30

40

100

Atlantic Refining

60

47)4

...100

May 17
4)4 May 12
36)4 May 19

95

79)4

.....

Line RR.__.100

Atl G Ac W I SS Lines

May 21
2)4 May 31
24)4 May 3

26

A%
Sale

1

5% preferred

11

88)4 May
3
4)4 May 26
34
May
7

75
27

50

5% pref with warrants..100
5% preferred ex-warr
100

Atlan

Sale

26)4
6)4
2)4

6% 1st preferred.......100
7% 2d preferred........100

Atchison Top Ac S Fe

Sale

120
93
90
4)4 Sale
Sale
36

100

Associated Drj Goods..

May 21
2)4 May 31
21)4 May 31

Lowest

119

3,100 Associated Investment Co..*

210
20

21,300
2,100
14,400
•2,100
1,900

2

100

Preferred

90,606

Highest
Sale Prices

11

11)4

8)4
21

6,100 Armour (Del) 7% pref
100
277,700 Armour of Illinois....
5
$6 convertible preferred..*
22,100
800
7% preferred.
....100
83,000 Armstrong Cork Co
*
16,500 Arnold Constable Corp...__5
18,200 Artloom Corporation

14,200

Ask

Bid

5,000 Andes Copper Mining Co..20
2,500 A P W Paper Co
9,000 Archer Daniels Mid
*
240

Lowest

Sale Prices

May 31

May 2

31

Jan.

18

Jan.

Jan.

10
12

94)4 Jan.

31

39

12

Jan.

7)4 May 12
5)4 Jan.

13

Jan.
Jan.
Mar.

12
12
5

Jan.

10

.8*
if*

80)4 Feb. 24
80
May 20
42

Jan.

72

Jan.

12

14
12
Jan. 11
14)4 Jan. 10
24
Mar.
1

27* Jan.

101)4 Apr. 12 107)4 May 20
Jan. 10
5)4 Mar. 30

43*

Mar. 29

48
3 119

Jan.
Jan.

Jan.

Mar.

Apr.

1

Jan.

Mar. 28
Mar. 25
12)4 Mar. 30
2)4 Mar. 29

6* Jan.

Mar. 26

36

105

I*

11
11
3

12
12
19
25
10

Jan.

20)4 Jan.
4)4 Jan.

Works

Assented

50

9,700
1,900
580

53,400
1,200
60

2,200
100

....

10

300
900

130 Beech Creek RR Co

3,400
22,700

5,200
4,100
150,200
4,000
3,000
1,800
3,400
9,100

180

740
200

20,900
27,500
600

900

18,200
22,700
100

3,900
4,100
5,500
3,400
12,600
6,700
300

2,800
6,000
110

16,800
740

4,900
7,100
3,700
3,200
7,500
1,100
600
360

4,900
1,000
5,100
9,000
690

2,100
2,900

pref
Corp

part

5

Loan Corp.*

Corp (Del).*
20

100

Carpet Inc *

Mfg Co....*
*

*

100

650,000 Boeing Airplane Co
19,500
2,330

•

.

440 Bloomlngdale Bros
160 Blumenthal Ac Co pref

70

79,900
2,900

20

Beldi n g-Heming way

178,900 Bendix Aviation
40,500 Beneficial Indus
29,500 Best Ac Co
1,414,000 Bethlehem Steel
22,900
5% preferred
24,000
7% preferred
12,700 Blgelow-Sanford
28,600 Black At Decker
103,600 Blaw-Knox

Bohn Alum Ac Brass

.....5

Corp...5

Bon Ami class A

•

Class B
*
3,770
9,500 Bond Stores Inc
1
136,600 Borden Co. (The)
15
157,950 Borg-Warner Corp....
.5
14,600 Boston Ac Maine
..100
11,100 Bower Roller Bearing Co..i7

136,300
191,000
5,800
15,800
20,900

47,800
125,000
35,300
41,100
2,700
25,600
69,100
1,160
204,900
9,760
75,700

8,000
400

500

"1,600
140

3,400
8,100
160

1,100
1,200
300
50

88)4
13)4
5)4

90

J,7/*
24

14

6)4
25

11

Sale

12

112

24

Sale

11

11)4

7)4 Sale
83)4
85)4
10)4 Sale
16)4 Sale

110)4 113
15)4
97)4
94)4 93
25)4
103)4 100)4 101
6H
73
77 H
79)4
Sale
9)4 Sale
17)4
17)4 Sale

29

Sale

Sale

29

58
14 )4
92

Sale

Sale

40)4

Sale

Sale

Sale

13

Sale

Sale

Sale

82

|*

Sale

Sale

114

14)4
15)4
93)4 Sale

Sale

42
96

97

22
14

24)4
14)4
11)4 Sale
15)4
17)4

40
32

19)4
Sale

12

17)4

64
Sale

62
Sale

22)4
85)4

23)4
89
39
39)4
12)4 Sale
17 M

11)4
10)4
13)4
35)4

fJH

Sale

89

Sale

45

May
May
May
May
13
May
82
May
17)4 May
11)4 May
10)4 May

12 H
Sale

37

19
90
Sale
12

Sale

15

17)4
2)4
14)4

Sale

2)4

8)4 Sale
Sale
26

Sale

30

5

Brooklyn Ac Queens Transit. *
36 preferred
*
Bldyn-Manhattan Transit ..*

Sale

32 )4

1)4
2
5)4
7X
8)4 Sale
26

1)4
5)4
8

Sale

6)4
15)4
25)4
31)4
1)4
5)4
6)4

29

Sale

1)4
Sale

36 preferred series A
Brooklyn Union Gas

*
*

18)4 Sale

ft*

Brown Shoe. Inc

*

34

29

Brunswlck-Balke-Coll.
Bucyrus-ErieCo.

10

7% preferred...........100
Budd (E G) Mfg

100
*

-.......*

38,200 Burlington

Mills Corp...._.l
65,000 Burroughs Add Mach
•
22,400 tBush Terminal Co
5,900
7% debenture......
100
tBush Term Bldgs—
2,330
Pref ctfs of deposit
100
Butler Brothers

10

12,3001
5% conv preferred.......30
5
59,500 Butte Copper At Zinc
48,400 ByersCo..
Partlc preferred.....
3,410
100
*
20,800 Byron Jackson Co
37,100 Calif Packing Corp.
1,100
5% preferred
50
l
178,600 Callahan Zinc-Lead
317,100 Calumet At Hecla Cons Cop .5
58,400 Campbell W At C Foundry...*
464,400 Canada Dry Glng Ale
5
.

.

10,900 Carpenter

25
....

Ltd

c

A.

.

*

1

Steel Co

...5

18,600 Carriers At General Corp
1
95,600 Case (J I) Co
100
4,710
7% preferred.....
100
•
119,300 Caterpillar Tractor
9,300
5% preferred
ioo
150,400 Celanese Corp of America
*
200
7% prior preferred
100
19,800 Celotex Co...
•
1,180
5% preferred
1~10
19,600 Central Agulrre Associates.*
101,900 Central Foundry Co......
1
4,770 Central 111 Lt 4)4% pref..100
5,700 Central RR of N I
.100
14,000 Central Vloleta Sugar Co.. 19
3,600 Century Ribbon Mills
.......

.

Preferred

35

8)4 Sale
7)4 Sale
75

6)4
6)4

84

75

4)4 Sale

too

12

27)4
6)4
6)4

6)4

28

3)4
17)4

Sale
Sale

15 %

Sale

14

75

Sale
30)4

Sale
Sale

Sale

40
3H

3)4

19

1%
80

26)4

♦

Preferred 7%
Budd Wheel

236,300 Canadian Pacific
14,900 Cannon Mills
5,100 Capital Admin Co

23

46

7)4 Sale
17
Sale
2

7)4
14)4
1)4
4)4

Sale

7)4 Sale
12)4 Sale
7)4 Sale
18

Sale
Sale

19

18)4

3

3)4
8)4 Sale
30)4 36)4
15)4 Sale
19

11

it*

Sale
Sale

3)4
30

3)4
17)4
13)4
7)4
14)4
1)4
5)4

11»
2

7
12
Sale

Sale

7)4

Sale

28

15

Sale

Sale

19

47 H

52

1)4
6)4
10)4
13)4
37 H

Sale
Sale
Sale
Sale

49
Sale

46)4
50)4
1)4 Sale
5)4 Sale
8)4
9)4
14)4 Sale
50
37)4

Sale

.Sale
Sale

48

50

7)4 Sale
29

4)4
36)4

Sale

Sale

Sale

n§y*

26

s!S

40

90

14*

5)4
45

65)4

70

68

20

15

15)4

12)4
2)4

4

Sale

80

Sale

75

98)4 Sale

102

47

Sale

99)4 100)4
14

Sale
92

20)4 Sale

3

39)4
104

13)4
72
17

5)4

Sale
Sale

105
Sale

Sale
Sale

96)4
Sale

4)4

M*

62

52

58

H*

Sale

21

21)4

21

2)4
6)4
4)4
3)4
95

Sale

21

5)4
Sale

*16)4
22)4
2)4
17

28
27
20

27

26
27
26

28
26
27
27
31
27
27
26
26

5

May
May
May
May
May
May
May
May
May
May

10
7
9
26
31
9
13
10

Sale
Sale

15

60

58

23
Sale

7

21)4
2)4
99)4
9)4
4)4

4)4
3)4
90

10
Sale

4)4
104

1

4

91)4

May
May
May
May
May
May
May
May
May

Mar.

11
23

86

Jan.

34
95

Mar.

109

Apr.
11)4 Mar.
Apr.
Apr.
Apr.

11*

%
77)4

30

May 11

8)4
8)4
75)4
4 )4

May
May
May
May
May
May
May
May
May
May
May
May

37

3)4
22
18

8)4
16)4
2)4
6)4
14

6)4
19)4
3)4
9)4
31)4
16)4
21)4

6
7
10

_

30

12
13
~
10
4

May
2
May 12
May 12
May
May
May
May
May

1)4 May
7)4 May

11)4 May 10
17
May 13
6)4 May
27)4 May
2
6
May 10

15

May
3 )4 May
83
May
105
May
45
May
106
May
14)4 May

11
9
10
5
9
11
10

19

62

23)4
3)4
102
10

5)4
4)4
95

May
May
May
May
May
May
May
May
May

7
12
11
10
23
7
9
17
2

13

Jan.

31
13

17

Jan.
Feb.

28

Jan.

17
11

Mar.

83

14)4 Jan.

Jan.

15

Mar.

19

Mar.

Mar.

Feb.

2

28
11
12

13
75
17

Mar.

May

28

9

Mar.

10

Mar.

17)4 Jan. 11
15)4 Mar. 5
17)4 Jan. 20

May
Mar.

13)4 Apr.
May

50

20)4 May

!§*
82

Apr.

40

Jan.

15*

May
May

16* Mar.

17
17

12
May 31
Jan.
Jan.
Jan.

10)4 Jan.
26)4 Jan.
30)4 Jan.

Feb.

34

Mar.

00
3

Jan.

13
12

10
10
13

11
20
13
20
13

30

2)4 Jan.
9)4 Jan.
13)4 Jan.

31

37

Jan.

13

29

21)4 Jan.

11

41

24

Mar. 25

Mar.
Mar.
Mar.
Mar.

12

10

Jan.
Jan.

Mar. 30

Mar. 31

20

Jan.

Jan.
22 H Jan.

Mar.

26

27)4 May 27
5

Jan.
Jan.

Feb.

ioH
4*1*
im
28
$

Mar.

Jan.

Jan.

Mar. 26
Mar. 31

Jan.
Jan.

10

9)4
81)4
6)4
54)4
5)4

Jan.
Jan.

Jan.

13

13

10
8
27
12
11

75

Apr.

2f
ifc

Mar. 26
Mar. 26
Mar. 31

20

6)4
14)4
1)4
4)4

Mar. 29
Mar. 31
Mar. 28

9)4 Feb. 26
20)4 Jan. 10
3)4 Jan. 15

Mar. 26

11

Jan.

6)4
5)4
16)4
2)4

Mar. 30

16

Jan.

18

6

Mar. 26

May 31
Mar. 30
Mar.
Mar.

8?

20
13

Mar.
Mar.
15)4 Mar.
45
Mar,
1
Mar.

5)4
8)4
12)4
37)4
5

21

4)4
34)4
63)4
12)4
2)4
62)4
98)4

31

30
30
31
31

Mar. 30

May 27
Mar. 30

Apr. 29
Mar. 30

May

2

Mar. 31
Mar. 28

Apr. 14
May 31
Mar. 25
Mar. 31

Jan.
Jan.
Jan. 20
32)4 Mar. 4

Feb.

20
2

Jan

Jan.
Jan.

11
12

Jan.

ll

Jan.

8*

Jan.

11

Jan.

10
15

3I*
aI%

Feb.

18

Jan.

10
11

Jan.

Feb.

Jan.
Feb.

40

Apr.

86

Jan.

10
23

25

Jan.
4)4 Jan.

18
17
11
12

Jan.

20

18

Jan.

Mar. 28
Mar. 31
Mar. 26

12

19)4
24)4
49)4
2)4
10)4
15)4

3 109)4
Mar. 31
55)4
4 106
100)4 Jan.
9
Mar. 30
94
92
Jan.
4
46

17

23
10
10

4)4 Jan.

U

29)'

Mar. 26

11

8)4 Feb. 25
22

Mar.

Jan.

3

10

May 11
Jan.

12

Jan

12

7
25)4 J an.
62)4 Feb. 26
28

Jan.

4)4 Jan

7

11 105
11
Mar. 26

4

Mar. 29

99)4 Apr.

:

Jan
Jan.

8)4 Jan

5
3)4 Mar. 31
91)4 May 27 104

Jan

Apr.

For footnotes see page 40.




Jan.
Jan.

Mar. 12

10IH

Mar.

Feb. 23

Mar.

Mar. 31

11

12
19

Jan.

16)4
12)4
115
30! 17)4
29
96)4

40)4
65)4
16)4
98)4

8)4 May 10
5*
20)4 May 10
12)4
25)4 May 20
18
33
May 10
28
2
May 10
31 *
8)4 May 11
3)4
10)4 May 16
5)4
33
May 16 *16
X
17)4 May
9
10)1
30

Mar. 22
Feb. 23

10)4 Jan.

Mar.

21)4 Mar.
10 * Mar.

Feb.

19

12)4 Mar.

Mar.

85
Sale

11

13)4 Jan.

29

14

75

Sale
2)4
Sale
101)4 102
10

10

5)4 May 27
May
2
5)4 May 26

Sale

10)4 Jan.

Mar.

37

8*

May 20
May 27
May 27
May
2

12)4 May
2)4 May
69
71)4
69)4 May
100
Sale
99)4 May
37
Sale
37
May
104)4 106
104
May
Sale
10)4 May

56

100

1H
5)4
8)4
13)4

Mar.

8)4
15)4
26)4
39)4

40

28

3)4 Sale

Sale

Mar.

5)4

12)4 May 10
17)4 May 19
33 )4 May 10
49)4 May
9
14)4 May
7
88)4 May 18
20
May
9
14
May
9
12)4 May
9

20)4

11)4 May 25
5)4 May 31
18
May 31
2)4 May 26
7)4 May 27
23)4 May
3
14)4 May 26
19
May
2

Sale

26
Sale

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

10)4 Feb. 23

5
4

38
28

May

20)4 May
18
May
87
May
43
May
9)4 May
15
May
17)4 May
2)4 May
14)4 May

Sale

Sale

27
4
27
27
27
27
26
27
27

16)4
62
Sale

Sale

Sale

3)4 Sale
16)4 1»)4

9)4
17)4
28)4
39)4

18

10

10)4

Sale

22 M

19)4

17 H

Bristol-Myers Co

Bulova Watch
21,700 Bullard Co

320

90

May
9
6)4 May 10
8)4 May 11
33
May 11
90)4 May 26
17)4 May 10
7)4 May 11
25)4 May 12
14)4 May 7
12
May 10
112
May 25
May 13
o95
May 11
27
May 24
101
May 23
7)4 May 10

May
May
*30
May
89
May
13* May
May
23)4 May
May
May
110
May
15
May
a95
May
27
May
101
May
6)4 May
6

6)4 Sale
16)4 Sale

33 preferred class A.....10
570 Car Clinch F Ac Ohio Ry..I00

14,700

32

24

100

2,500
1,900
14,300
1,320
18,500

5

Sale

30

Sale

Sale
28

13)4 Sale
10)4
10)4
L10

6 H May

Sale

35)4

90

14)4 Sale
8
22

Sale

19 M

40 Canada Southern Ry Co.. 100

48",400

Sale

22)4

...

13", 200
24,800
6,900
85,100

Sale

Bridgeport Brass Co
*
Brlggs Manufacturing.
Brlggs At Stratton
._..__*

81,000

41,400

85

....50

Beech-Nut Packing

300 Belg Nat Rys

20,306

7 % Sale
Sale
12)4 Sale
35
30

10)1

\

3

12
25
10

10
20
2

N. Y. STOCK

June, 193S]
aggregate

33

EXCHANGE-STOCKS

range since jan.

prices in may

sales

1

Price

Since

May

Jan. 3

EXCHANGE

N. 7. STOCK

In

Jan. 1

Shares

660

3,100

13,400
6,500
40,700
252,500
1,800
3,400
10,600
17,700
34,400

100

5,000
29,400
500
100

2,000
1,100
6,900

"l",706
2,900
5,200
4,700
1,100

18,500
1,300
200

300

/

500
,400

100

700

3,900
240

266,300
3,800
660
60

6%

Sale
Sale

99

Sale

Sale

26

17

28

Common-................*

-.5

Checker Cab
Chesapeake Corp

o?K

42% Sale
33 % Sale
90 %
89

—

Ohio———25
A...........100

Chesapeake ft
Pref series

1««'
8% preferred
100
{Chicago Great Western.100

{Chic ft East 111 RR

1

3% Sale

3,100 Chicago Yellow Cab
13,700 Cblckasha Cotton Oil
37,820 ChlldsCo

l|

Sale

Sale
30

ix
ix
8x
12S*
4

600
10

11,200
900

2,800
90
*

30

3 300
420

240

800

122,800
4,200
290

14,700
200

17,500
200

35,000
167,900
26,100
35,000
1,400
10,400

2x

2,000
1,500
230,300
9,600
5,600
57,300

Conde-Nost Publlc'ns...

*

Congoleum-Nairn Inc......*
Congress Cigar
*
Conn Ry 8c Ltg 4%% pref. 100
Consol Aircraft Corp
1
Consolidated Cigar

'

7% preferred—........100

3,800
6^% prior pref.....
100
....1
16,100 Consol Film Industry
16,400
$2 partic preferred.......*
698,300 Consol Edison Co of N Y fnc *
$5 preferred....
41,300
._....*
6
26,900 Consol Laundries Corp
..*
445,600 ConsoMdated Oil Corp

........20

$4.50 preferred

.......1*

700

200
800

$5 preferred.....

5% preferred v t c
100
Consumers Pow Co $4.50 pf.*
Container Corp of America.20
Continental Bak cl A
*

•

Class B

100

8% preferred

Continental Diamond Fibre 5

Sale
95%
Sale

Sale

12

114

117x

120
58

Sale

59

976
8
7%
90
86
18% Sale
91

98

28

11

30
Sale

11

Sale

3

10
9%

Sale
6

7

Sale

5

17 % Sale
17% Sale

52

70

2% Sale
13%
12%

16

35
8% Sale
72% Sale

64% Sale
31% Sale
81

37
85 %
7x

90
Sale

1%
39%

93
Sale
Sale
Sale

5%
22

7
Sale

7%

Sale
8%
Sale
7% Sale
66 % Sale
6

17 %

70

ix

72

ik
Sale
Sale
Sale
Sale
Sale

3%
15

83 x
12 x

5%

Sale
60%
57%
29
Sale
90
91%
34% Sale

4%

57

69%
38 X
LOS

72
Sale
107 %

IX Sale

14

Sale

Sale

Sale

Refining.......25

29

100

Coty.Inc
*
Crane Co.................25
...............

50
28

93
Sale

91

May 11

33

May 27 39
May 13 100

Sale

Sale

33

May

2

45

Sale

22% May

2

28

Sale

6%
19% Sale
6%
8%
6%
8%
15% Sale
58

8

Sale

7%

10%
Sale

26%
11%
47%
61%
165%
3%

Sale
12
Sale
Sale
Sale
Sale

3%
Sale

Sale
Sale
3
11

30

w w

86 %
Sale
Sale
Sale

Sale
Sale

111
Sale
Sale
Sale

Sale

11%
Sale
Sale

Sale

Sale

600

700

1,000
160

27
27

27
4

70

Sale

72

,

7H
Sale

Cuban American Sugar....10

2

26

May 27

24

May
May
May
May
May
May
May

31

7

27
26
31
25

Preferred. .............100

Sale

Cudahy Packing
50
Publishing Co (The)*
Preferred.....
......*

Sale

Curtlss Wright Corp

1
1

Sale

27
35% May 31
4% May 27

Sale

18

560 Cushmans Sons 7% pref..106

63
Sale

23

13%

Curtis

Class A

Sale

480

$8 preferred...
........*
70,500 Cutler-Hammer. Ine.t new..*

8,200 Davega Stores Corp
5
Conv 5% preferred
4,100
25
6,400 Davison Chem Corp (The)—1
990 Dayton P* 8c Lt 4% % pn 100

For footnotes

see

page




40«

Sale

iF
7

102 x

Sale

Sale

8%
17%
7%
61
80

6$
S3

-

55%

15%
5

May
May
May
May
May
May
May

27
25
31

27

23
28

14%
27
6%
4
103% May

2m

,

g*
30^

k
8>!

5

Feb.

23

Jan.

13
10
10

Mar. 29

May 31

35% Mar. 31
Jan.

54

Jan.

20

Jan.

15

Jan.

60

Mar. 24

12
3
Feb. 28

24*

Mar. 22

2

May 13

83

Mar. 30

59

12
15
17

11
12
12
16% Feb. 18
Jan. 12
Feb. 23

3% Mar. 30

10

Jan.
Jan.
Jan.

2% Jan.
12% Jan.

Mar. 25

12

5
10
10

4%
12%
32%
40%
1%
2%

Mar. 28

8

11

Jan.
Jan.
Jan.

1

Jan.

•

22

1

May 12
% Mar. 31
1% Mar. 28

Jan.

Jan.

67% Feb.

5

10% Mar. 26

7
12

Jan.

75

Mar. 26

112

Mar. 12

Mar. 26

Apr.
15% Mar.
§1% Apr.
32% Mar.
10% Mar.

Jan.
Jan.

76

10
27

45% May 11
15% Feb. 17
Jan.
118
May 12
Mar.
136
May
7
60
Mar.
May 17
976
May
5
May
Mar.
11% Jan. 12
4
95% Jan.
May 31
Mar. 31
27% Jan. 12
Jan.

Mar. 24

96
29

Feb.

Mar. 30

20

Jan.

Mar. 31

Mar. 31

Apr.

Jan.

12

Jan.

i?S

1

22
8
15

10

Mar. 25

9% Jan.

10

13% Mar. 29
13
Mar. 29

22% Jan.

15

Jan.

11

Jan.

10

15% Jan.

10

11*
76

1
53% Apr.
9
Mar. 30
I
27% Apr.
5% Mar. 30
57
3
May

50
23

Mar.

34

Jan.

13
15

May 16

65

Jan.

18

Mar. 30

38% Jan. 17
May 18
Jan. 17

Mar. 28
95%
31% Mar. 31 44%
90
Mar. 31 100
10
5% Mar. 30
2
1
Mar. 29
45
25
Mar. 31

May 13
Jan.

12

Jan.

3

.

22% Mar. 30
1
Mar. 29
Mar. 29

28

•

6

24% Jan.
Jan.

30
Mar. 29

1

Jan.

17

Jan.

17

1

68

Jan.

15

Jan.

5

80

Mar. 19
Jan. 11
Jan. 12

Mar. 26

4% Mar. 26
17

¥

Apr.

4% Mar. 29
55
71

14
22
5

Feb. 23

4% Mar.
11

May 11
May 11
Jan.

3% Apr.
15

4

79

Jan.

84

Mar. 31

88% Apr. 16
2% Mar. 30
7
Mar. 30

i3

26% May 11
98% May 13
5

Jan.

10

Jan.

98% Mar. 24 101
7
2% Mar. 31
% Mar. 21
5
2% Mar. 19
10

Mar. 31

78

Apr.

18
27

9% May
8% Mar. 26
1 % Mar. 29
65% Mar. 31

36%
40% May 12
May 16 107
6%
May 11
21%
May 18
May
5
29% May 10
11% May 10
2
47% May
64% May
166% May
3% May
28% May
May 18
May
6
May 14
May 11
32
May 25
30
May
6
May 10
May
9
May 10
May
9
May 13
May 11
4
May
2
61
May 12
13
May
3
5
May
7
41
May
6
5
May
9
21
May 10
56
May
6
23
May 31
20
May
9
5*/ May
5
15^ May
6
89- May
6
105* May 31
,

3

32%
30%

7

4 110

21

..........100

7,100

May

60
164

3
27

Sale

70
Sale

{Cuba Co (The)...
*
Cuba RR 6% preferred... 100

May
May
May
May
May
23% May
10% May
43
May

Sale

70

$5 conv

37%
107%
6%
26%
%

Sale

Sale

6%
21%

_

10
18
7
6
11
13
11
10
18
10
13
10
9
11
11
6
10
28
28
7
10
12
11
7
11
11
13

?

May 23
May 27

23%
6%

7%
1%

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

Jan.

14

Mar. 30

11
24
12 111
12 105%
58
17
5 976
12
nl*
78
3
10
\lv*
88
11
20%
6
9%
10
3%
9
4
11
5%

3
3%
3
May
8
9%
May 27
May 21
99% May 21 100
May 12
3% May 26
May
4
% May 2
May 10
2% May 26
May
7
10% May 26 13
5
85
May 16
82% May
9 % May 27
12% May 11
12 % May 27
16% May 12
2
2% May 11
1% May
77
May 31
87% May 12

Sale

Sale

28% Sale

..*

.

2

Sale

94%
25
7
7%
26% Sale

Crosley Radio
........_*
Crown Cork 8c Seal..._..._*

91% May

Sale

6

4
94% May
23% May 25
6% May 25
22% May 27
2
30
May
2
28
May
8% May 26
63% May 25
19% May 26

93%
23%

Cream of Wheat ctfs.......*

7

13% May 26

Sale

80
Sale

72%
75
1% Sale
5% Sale
21% Sale
91% Sale
2%
3%
8% Sale
95
100%
3% Sale
% Sale
2%
3

37% Sale
108%
6% Sale
26% Sale
1
1%

May 28
May 25

7

Sale

6%
70

61

L07

May 24

5

16% May 20

6
May
59
May 25
3
75
May
2
1% May
5% May 25
2
20% May

65

10

100

55

33%
95%

Sale

5

100

7%
68

Sale

26

preferred......100

Preferred

2

3
May
May 16
May 26

6% May 27
2
1% May

10% Sale
12
12%
1% Sale
79% Sale

Sale
IX Sale

59 x

Zellerbach Corp

5% May

34

Sale

Sale

10 %

50

pref

May 25

33

58

13

Continental Steel Corp.....*
Corn Exch Bank Trust Co..20

conv

12%

101

81

Sale

Preferred ex-warrants

2

Sale

10

28 X

conv

10% May

100

93

80

Continental Oil of Dal.....5

Preferred

69

Sale

56

17

Sale

Corn Prod

May

m May

2

64

34

Sale

1%

743,900
454,200

May
May
May
May
May
May
May
May
May
May
May
May
May
May

17

Jan.

Jan.

Mar. 31

25

2

Mar.

5% Jan.
2% Jan.

106

May

33
Sale

23
26
26
28
31
28
26
29

6% Mar. 31

May 28
May
5 110
18% May 10
May 27

107
16

15% May 27
15% May 31

11%

10% Sale
30

Mar.
Jan.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.

40

61

pref
......*
Crucible Steel of Amer
100

420

2
22

40% May 13
% May
2
1% May 11
1% May 17
9
May 12
14% May 12
4% May 18
33
May
5
46% May 10
11% May 12
65% May 19
57
May 26
2% May 13
17
May 11

Sale

Crown

1,200
3,900
4,000
128,300
139,700

May
2
2% May 26
9% May
2
24
May
3
40
May 12
% May
2
1% May 17
1% May 31
9
May 12
12% May 27
3% May
5
25
May 31
38
May 31
10% May
4
62% May 31
56
May 27
2% May 26
13% May 26
„

Sale

Sale

Sale

2,400
191,500
3,200
29,700
11,310
49,500
3,270
7,800
67,900
20,300

6,900

%
%
%

7

127,750

630

8%

45%
37% May
14
14%
11% May
118
115
118
May
124
117% May 271135
May 141 60
59% 58
5 976
976
May
Sale"
9%
7% May
86
Sale
78
May
18
18
20%
May
92
88% May
20%
22
20% May
13%
10% May
11%
4
5%
5
May
8
8%
6% May

400
400

7

% May
2
1% May 11
1
May
2
2% May 10
12% May 10
27% May 10

90

21,100

2,200

16% May

Sale

9

21,300

1%
%
2%
1%

75
Sale

16% Sale
16
17%
61

Sale
Sale

28 X

Continental Motors

$2.25

02% Sale

10

67
12
27 %

Insurance..2.50
...1

Continental

5%

-

May 28

X Sale
2
2 X
9X Sale

Jan.

!!*
m

Apr. 26
% Mar. 18

4

12
11

Jan.

„

70

May 24
May 19

18

940-

Sale

Continental Can

5,900
25,900
1,000
1,800
3,200
16,900

58

98% 104
3% Sale

100,900
8,200
29,800
53,800
84,900
234,700
9,350
5,790
76,800
2,600
46,700
196,000
11,900
12,400
22,500
114,100
1,200
6,800

350
820

Sale
Sale
Sale

—*
pf.100

Consol RR of Cuba 6%

9,400

Sale

{Consolidated Textile..
..
*
Consolidation Coal Co vtc.25

800

13,100
1,700
4,400
10,000
10,100
35,600

May
May
May
May

X
ix
<x
2%

3
16
3
5
5

Sale

*

$6 preferred

45,700
83,300
23,800
29,600
2,200
137,200
150,600
122,000
6,100

16,400
47,000
30,600
2,100

«?%

X Sale
2%
3X

75

39% Sale

Commonwealth Edison Co. 25

2,800
12,000
1,200
600

X May 26

75 x May

Broadcasting

400

400

Sale

109

82

Commonwealth 8c Southern *

390

250

105% 107
20 % Sale

10,300
6% pref series A.......-100
710
5% preferred
....100
99,600 Commercial Credit.. .....10
800
4M % conv preferred
100
94,800 Comm'l Investment Trust..*
3,200
$4.25 conv pref ser of '35..*
*
205,300 Commercial Solvents

40

24

Mar.

95% May 31 106
18
May 4 30%
7
Mar. 23
12%
27
Mar. 30 48%
23 i Mar. 26

May
May
May
May
May
May

4

7X May 18
30
May 27

102

100

41,300
System Inc class A....2.50
Class B
2.50
8,700
*
23,700 Columbian Carbon v t c
35,100 Columbia Pictures Corp vt c *
$2.75 conv pref
—*
3,000
629,700 Columbia G A El common...*

36,000
1,300

100
80

3
Sale

14

—

65,600
105,900
5,000
50,900
3,100
1,270
249,700
20,600

2
11
18
12
10
12
May 16
2% May 10
% May
6
3% May 12

May

18

ix
ix
10
13%
4%

60

52

...

620,000

95% May 31

Sale

Sale
10%
11
63
64 X

92,100 Climax Molybdenum Co
* ~37%
14
38,600 Cluett.Peabody 8c Co.....
640
Preferred....
100 111
33,700 Coca-Cola Co (The)
* 113
57%
2,800
Class A
—
10 Coca-Cola Internat Corp.
*
128,900 Colgate-Palmollve-Peet Co..*
8%
95
6,300
6% preferred
........100
21
38,200 Collins 8c Alkman
•
820
5% preferred
....100
12 %
*
50 Colonial Beacon Oil Co
15 %
24,710 Colorado Fuel 9c Iron Corp..*
8
3,110 Colorado 8c Southern. .. 100
8%
2,189
4% 1st preferred
....100
330
7x
4% 2d preferred
-.100
Columbia

3,200
1,700
2,500
7,000

95x Sale

46% Jan
11
8% Jan. 19
32% Feb. 23

26% Mar. 29
4% Mar, 30
17% Mar. 31

38% May 14
7% May
9
28% May 10

33

25

20,300 Cleve Graphite Bronze (The)l
90 Cleve & Pitts RR Co 7% gtd 50

8,900

31% May 31
5% May 27
21
May 31

X Sale
5% Sale

21

39 x

1,600

130

2%
9X Sale
26

..

5% preferred..

Sale

32

24 X

'"%

1,752,500 Chrysler Corporation
29,900 City Ice 8c Fuel
3,390
6% % preferred
100
170 City Investing Co—...—100

10

Highest
Sale Prices

Sale

Sale

26

3,350 CloveElec 111 $4.50 ser pref..*

Lowest
Sale Price

2
10^

ix

9%

830

4,300

4 4

28 Sail*

Sale

17,200 City Stores—..—.........5
14,800 Clark Eoulpment.
..
*
C C C & St Louis
Ry Co

20,966

70

Highest
Sale Prices

Sale

3% Sale

2,800
800
.

31
26

1

It
*
25
—5
•

Chile Copper..

7%

Sale

——100

6% preferred

1,210

5

2*

200 tChlc Indlanap 8c Louis pf 100
12,100 Chicago Mail Order Co
5
38,000 {Chic Mil St Paul & Pacific.•
74,l00
5% preferred..
—...100
61,300 {Chicago Ac North West.-100
14,900
Preferred
-—100
72,600 Chicago Pneum Tool
•
6,000
$3 conr preferred
*
200
Prior pref ($2.50 cumdivs).*
12,700 {Chic Rock isl fit Pac
100
13,800
7% prefferred
...—100

11,460

3%

2

100

4% preferred

33 X

Ask

19%
9
Sale
Sale
79 %

103%

preferred........—10"

Lowest
Sale Prices

May 31

Ask Bid

Bid

Sale
6%
6%
24 % Sale

36% Sale
6 % Sale

160,900 Cerrode Pasco Copp
—*
89,500 Certain-Teed Prod —
1
15,700
6% prior preferred
'00
Champion Paper 8c Fibre Co

90

Ask

Bid

Par

Shares

21,600
8,000
1,230

May 2

1938

15
10

Feb. 21
Jan.

J

Jan.

4
12
12
21
18

Jan.

22

Jan.

86%
16%
16%
2%

Jan.
Jan.

Jan.

Jan.

15
13

87% May 12

45% Jan. 12
5 110% Feb. 21
9% Jan. 17

Mar. 30
Jan.

May 27

Mar. 30

May 26
Mar. 30
Mar. 26

Apr.
Apr.

1

32

34^

Jan.

12

Jan.

15
11
10
12
17

Jan.

16% Jan.
56

Jan.

65% Jan.
Apr. 12 166% May 3
Mar. 26
4% Jan. 12
30
Jan. 31
Apr. 16
1

Mar. 31
Mar.
5

98

Mar. 31
Mar. 30

10% Jan.

Apr. 13
1

Mar. 29
Mar. 29
Mar. 31
8
Apr.
Feb. 14

14
11
11
39% Jan. 17
37
Jan.
4
33
Jan. 12
12
Jan. 12
72
Jan. 12
44
Jan. 11
Jan. 17
94

25

1

Jan.
Jan.

Jan.

Jan.

Jan.

12

Jan.

18
10

13

Feb.

Mar. 29

5

Jan.

May 31
May 25

87
18
7

Jan.

Mar. 31

May 31

60

Mar. 30
Mar. 30

5

Jan.

Jan.

II

Mar. 31

Mar. 31

Mar. 29
Mar. 29

Apr.

1

Jan.

3

7
7
10
3
0

Mar. 31

21

May 10

56

Apr. 27

23

24%
6%
15%
9%
107

May 31
Jan.

10

Apr.

1

Feb.

8

17
Feb.
<
Feb.

34

N. Y. STOCK

AGGREGATE

SALES

EXCHANGE-STOCKS
PRICES IN MAY

STOCKS
N. 7. STOCK EXCHANGE

Jan. 3

Shares

Par

RANGE SINCE JAN.

Price

Since
Jan. 1

1938
Bid

751,300 Deer* Ac Co naw
•
33,500
Preferred
26
9,500 Deicel-Wemmer-GllbertCor plO
96,500 Delaware ft Hudson
100

21* Sale
22* Sale

128,800 Del Lack 8c Western
50
7,400 {Denver RloGrAc Wes pref 100
15,900 Detroit Edison.....
100

Bid

6* Sale
1* Sale

12
15

Devoe ft Reynolds A

100

4%

130

374,700
6,700
13,200

Distil

88

11

Sale"

Sale

Sale

36

a5A
Sale

Sale

70

69*

Sale

Sale

Sale
Sale

Dominion 8tores Ltd-.....-*

Mfg

6*
Sale

a5A
Sale

»

Sale

Sale

18%

20

9*

9

...._•
a

{Duluth South Sh 8c Ati.100
6% preferred
...100
Dunhiil International......1
Duplan Silk

Sale

..*

conv cl A..*

Class B

30

8

112

110

...100

92* Sale
114* 115
113* 115

111%
5

Sale

161
153

Sale
159
Sale

4%

Sale
Sale

3* Sale
144* Sale

Sale

145
170
12

161

16

•

(The)

3% Sale
15% Sale
8% Sale

2%
15
8

Sale

3% Sale
11% Sale

3%
8%

Sale

5

Electric Boat

3

shares..

......

Light

$7 preferred
$6 preferred

*

............

36

33

Sale

Endlcott-Johnson..
5% preferred...

50

...100

Engineers Pub Service.
$5 conv preferred

11

Sale

2* Sale
14* Sale
7* Sale

15*

6,300
21,200
206,500
6,200
1,100
14,500
19,300
2,910
105,900
550

12,400
1,040
96,600
1,140
5,070

*

$6 preferred

6

44

Preferred...
......100
Federal Motor Truck. _...._*
Federal Screw Works
....*
Federal Water Service A
*
Federated Departm't Stores.*

4H% preferred

100

Fidelity Phenlx Fire Ins.2,50
Filene's (Win) Sons Co
*
Firestone Tire Ac Rubber
10
6% preferred series A...100
First National Stores

"l% Sale
1% Sale
7%
9%
27

Sale

28%

30

A
60

94

ii
70
105

2% Sale
«3
3%
1% Sale
16

68*
28
.....

19

89%

Sale

69%.
Sale

30
Sale

91
Sale

♦

16

Sale

Florence Stove Co
.._....*
Florshelm Shoe (The) cl A..*

25

29

17

21

tFollansbee Bros

......*

Food

Machinery Corp.....10
4H% conv pref........100

Foster-Wheeler

10

.

o

2A AA
Sale

30
89

56

Franklin Simon pref..
100
Freeport Sulphur Co......10
Fuller Co prior pref........*

40

....

$6 conv preferred A......*
General Mills
•

6% preferred

.......100

General Motors Corp...... 10
Preferred (5)._.
Gen Outdoor

Sale

14* Sale

7% conv preferred........*
Francisco Sugar Co........*

$6 2d preferred...........*

76

3% Sale
46

22* Sale
21

2%
3%
2%
3%

46*

35

5*
12*
68

13*
30

12*
51*
5

__39*
93;
15]
8

49

l\V*

26

1*

60

60

1*

*2A

3

2*
a2A
3* Sale

Sale

Sale

27*

6

Sale

Sale

12* Sale
1*
5

Sale"

20

Sale

22

Sale

8

8

10

71
62

74

77
70

99

WA
102

3
2%
2% Sale
1% Sale

11A
70
26
14
18
84
27
15
20

2* Sale
Sale

1*

\XA
Sale
21

1*
16*
72*

25*

28

15

16* Sale

Sale

PA
Sale
21

15*

17
2

PA
Sale

14* Sale
50* 60
2%

31
27
28
27
24
26
27

4* May 10
8* May 12
1
May
3
4* May 10
3 * May 13
7* May 10
9
May 12

27
2
2
3
27
27
2
6
11
2
5
2
9
2
21
27
28
5
31
2
23
3
31
27
31
4
6
26
17
27
31
27
27
27
2

3*
1*
4*
0*
6*
1*
4*
9*

3% Sale
13% Sale
13%
16%
85
89%

16* May 31

83:

Sale

83

26

Sale

25

13
17
15

Sale
20

28

28

25% Sale

24

25

7
2

1*
2*
4*
3*
4
8
4 *

1*
*
7

5*
9

1*
7
0

9*
2*
3*
2

6*
3 *

2

May 31

May 27
12* May 27
21 • May

1* May 16
23* May 31
90

May
12* May
59
May
2* May
28
May
24
May

11
12

89

\l»
90

5*

c&K
93

33

33*

40% Sale
7% Sale
115
121*
3% Sale
10

Sale

20%

21

64

73

24% Sale
106

120

40% Sale
30 %

Sale

7*
120*
3*
8*
16
43
22
114

U*

50

50% Sale
118

119
Sale

30
Sale

General Ry Signal..

•

Sale

6% preferred
100
192,000 Gen Realty 8c UtilitleiCorp.l
$6 preferred..............*
21,000
102,400 General Refractories
«
49,020 Gen Steel Castings $6 pref..*

99
Sale
Sale

9%
1H

Sale
Sale

26*
55

120

5*

Sale

59%

79
34

7*
123
3

Sale

17*
Sale

23*
115

174*
40

19*

Sale

'irA

Sale

27*

50*
Sale

nA

30

56*

123

S*

12
Sale

92* 93 *
4* Sale
5*
5*

Sale

28*
112* Sale
23* 29
7*

Sale
10
11

Sale

Sale

27
115
23

4*

90
36
Sale
130

cAA
Sale
Sale

gf*
113*
Sale
Sale
Sale

50*
60
121
Sale
116

25
Sale
Sale

99* 103* 100* 103*
1*
1*
1*
1*

17
85

Sale
95

IX Sale
17
16*
19* Sale
17* Sale

im 95

J

Sale
18
17* Sale
17
Sale

Sale

Sale
20
Sale

Sale

Sale

1% Sale
30

1*

Sale

5*

95

1

76
2

May 31

5
25
20
31

Mar. 25
Mar. 30
Jan.
3
Jan.
5

5

Mar. 30

11

Mar. 18
Jan. 26

66

13* May 25
30

" "
Feb.
8
Mar. 30

12

465
41
31

Apr.

5
Mar. 29

87*
15

6]

Mar. 30
Jan. 27
Mar. 26
Mar. 25

*
*
1%
8*

Feb. 28
May
6

102
90*

Apr. 23

Feb. 11

Mar. 28

Mar.

14

10*

6$

15
11 *
Sale

57

31

130* Mar. 31
109* Apr.
1
111* Jan. 3

16
23
6
11
16
14

17
33

Apr.

9

18

31

>1

94* Apr.
2* Mar.

Mar.

8
8

May 11
May 16
May 14

Mar.

62* Jan.
2% Jan.

Mar.

9

Jan.
Jan.

57

1* Mar.
2*
2*
2*
5*
10*
1*
*

7

May 16

Mar.

2

7

Apr.
24*
40*
106*
6*
55*

38* Mar.
46

15
12

12

Jan. 11
13* Jan. 12
44* May
7
May 11

Mar.

40

12
5

20

4

Feb.

4

4* Jan. 24
6
May 16
39* Feb. 28
28* May 6
36* May
4
9* Jan. 12
16
Jan.
5
75
Mar. 4
17
Jan. 12
34
Jan. 12
223
Jan. 11
603
Feb.
1
83
Jan. 20
493
May 10
112
Mar. 2
22
Jan. 10
Jan. 17
123
* Jan.
3
* Jan.
3
3* Jan.
8
10
Jan. 28
115
Jan. 27
123* Feb. 23
137
Mar. 16
115* Mar. 10
116* Mar. 1

3* Mar. 31
7* Jan.
Jan.
121* Mar. 31 167
157
Jan.
5 171
Apr.
10* Mar. 30 21* Jan.
2
Mar. 23
4* Jan.
13* Mar. 30 21* Jan.
6
Mar. 30
10* Jan.

21* Mar.
* Mar.

5
17
4
5
11

20
11

12
Mar. 31
8* Feb. 25
Mar. 26
2* Jan. 10
Mar. 31 108
Jan. 12

4

10
2

11

Jan.

15* Jan.
17* Jan.

2* May
6* Mar.
22* Mar.

9
2
12
10
10
9
10
19
12
2
12
7
12
17

25

Mar. 30

10
11

Mar.
Mar.

6* Jan.
8% Jan.
6% Jan.
Jan.
10* Jan.

Apr.

14* May 19

Mar.
Mar.

Mar.
2

Jan.
Jan.
Jan.
Jan.
Feb.

3
6
6

13
10
11

Feb.
3* Mar.
19* May
22* May
6* Mar.
67
Apr.

11*
33*
33*
11*
77

May 17
May 11

52* Apr.

75

Mar. 15

99* May
4* Jan.
4* Jan.
2
Jan.
ISA Jan.
z79
Jan.
33* Feb.

96* Feb.
2*
1 *
1*
12*
67*
22*

Mar.
Mar.
Mar.
Mar.
Jan.

9

12

18* May 10
85
May 10
28* May
6
16* May
9
21* May 13

11
27
9

26
23
26

1 * May
5
27* May 12
93
May
5
17* May 12
62
May 18
3* May 12
28* May 31
26* May 10

Mar.

16* Mar. 31
76
Apr. 14
24* Mar. 30
10* Mar. 26
21
Apr. 16
15
Apr.
7
1 * Mar. 26
18
85
11
50

Mar. 29
Mar. 25
Mar. 31
Mar. 29

2* Mar. 31
25

Apr. 13

19* Mar. 30

9* Jan.
Sale

J>A
84

90

9

25* Feb. 23

7% Mar. 29

22* Feb.

5% Sale

103

10*
9

nV/s
52

Sale

Sale

; May 26
May 23
May 17
May 31
May
May 27
t May 27
May 18
May
3
May 26
May
9
May 26
May 27
May 27
May
2
May 26
May 25
May 31
May 17
May 27
May 24
May
2
May 10
May 27
May
2
May
5
May 31
May 31
May 11
May 21
May 27

May | 2
May 11
May 11
May 18
May 13
May 3
May
9
May 18
May 11
May 10
May 7
May 7
May 11
May 11
May 12
May 3
May 4
May 10
May 28
May
7
May 24
May 18
May
4
May
9
May 17
May 12
May
9
May 4
May
7
May
6
May 10

_

'

4
3

1* Mar. 29
2* Mar. 31
10

Mar. 30

9* Mar. 26
85

Mar. 10

4* Mar. 29
4* Mar. 31

1* May
17
May
17* May
16* May
10* May
14* May
9* May
7* May
52
May

l*^May

31
3
31
26
26
23
27
26
31

20*
22*
20*
12*

May
May
May
May
15
May
11* May
8* May
58* May

9
9
16
9
11
4
10
9
10

25* Jan.
92
Jan.
34* Feb.
18* Feb.
29* Jan.
21
Jan.
3
Jan.
33* Jan.
96
Feb.
20* Jan.
65
Jan.
5* Jan.
40
Jan.
28
Jan.
27
Jan.
14* Feb.

2* Jan.
5

16

16*
92*
7*
7%

82

Mar. 29 97
29
Mar. 29 45*
9
6*»Mar. 31
115
Apr. 22 123
2]
Mar. 31
5%
13
Mar. 31
51
11
Mar. 30 25*
35
Mar. 30 72
20* Mar. 31 28
108* Apr.
1 120
27* Mar. 31 45
22* Mar. 30 33
1
* Mar. 30
25
Mar. 25 35
50* Jan.
3 60
118
Jan.
4 123
25* Mar. 31 38

111* Apr. 25 117
21* Mar. 30 33
4

6*
101*
1*
12*

Mar.31
Mar. 29

Apr.

15

12
7

18

19
12
12
8

11
18

May 21
Mar. 30

1

Mar. 25
13* Mar. 29

15* Mar.31
13

Mar.31

8* Mar. 23
14* May 23
9

15
11

11
10
12
5
10
10
26
12
18
12

13
21

21

9
12
17
7
20

May 13
Jan.
Jan.
Feb.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.

12

10

11
10
15
11
12
10
12
24
23

11
10
17
11

May 24
May 18
Apr. 30
Jan.

15

May 17
May 12

5* Feb. 24
9* Jan. 11
Feb.
3
2* Jan.
8

Mar. 29

26* Jan.

15

90

18

2

1Q
4
10
10

Jan.
Jan.
20* Mar.
28
Jan.
28* Jan.
14
Jan.
20
Jan.

14*'Jan.

7* May 26
51

Jan.
Jan.
Jan.

23

9 106

85* Mar. 19

I




6*
5*

Highest

13* May 27
19* Mar. 29

3
11
11
11

20

1*
1*
23* Sale
92
91*
13* Sale
59
3
Sale

5% Sale

1
$6 preferred-.............*
General Public Service
...*

For footnotes see page 40.

5

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
May
May
May

Highest

20

Sale

1%
23
92

60
93

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
May
May
May
May
May
May
May
May
May
May

3*
142*
164*
11*
2*
14*

52

3

May
9
May 17
May 20
May
6

May
3 135
113* May 10 115
113* May 25 115

Sale

4

109

132

39

8*
1*
2*

26
27
27
3
25
31
25
27
26
26
27
26
19
25
20
31
2
13
27
31
26
3
2
16
6

92* May 31

Sale

5*0*

Sale

7% Sale
11% Sale
1%
1*
% Sale
6
5%

Sale

Sale

30,200 Gen Theatres Equip Corp...*
4,700 Gen Time Instrum Corp
*
61,200 General Tire Ac Rubber Colli
109,300 Gillette Safety Razoi ......*
11,000
$5 conv preferred.........*

2*
5*
27 *
25*

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

19* May 10
22]
May 10
11
May 13
12]
May 11
6]
May 11
2
May 10
89* May 10
4
May
3
6
May 16
32
May 11
28* May
6
36* May
4
7
May 11
14
May 17
70* May
3
15
May 11
32
May
2
16* May 10
57* May 23
5* May 16
49* May 10
107* May 11
16* May 20
10
May 20
* May
2
* May 10
2
May 10

9% Sale
2

*

90

36

25

Advertising. A*

Common
General Printing Ink

86

Sale

1% Sale

Sale

28

Fllntkote Co (The)

42

2%
Sale
Sale

3

.....*

4*
1 *

m Sale
A
mS Sale
103

Sale

Sale

3% Sale
7% Sale

....5

$8 1st preferred..........*
800
25,200 General Bronze..
5
•
108,200 General Cable
Class A
33,100
..._*
Preferred 7%..........100
4,200
12,000 General Cigar Inc..........*
Preferred (7)__.
1,000
100
1,218,100 General Electric...........*
*
131,400 General Foods
89,500 General Gas Ac Electric cl A.*

130

3A

7

100

IS

10
8

a

20% Sale
36% 37
103% 105

44

6%
9%

4% 2d preferred........100
...

26*

25% Sale

62

2

Eureka Vacuum Clean
Evans Products Co
Ex-Cell-O Corp

Sale
Sale

24

55

54

Equitable Office Bldg
•
Erie Railroad
.......100

18,300 Gabriel Co (The) Class A
•
64,500 Galr Co Inc (Robt)
1
$3 preferred
9,000
......10
2,160 Gamewell Co (The)
*
380 Gannett Co Inc conv $6 pf
*
30,800 Gar Wood Industries Inc...3
28,300 Gen American Investors....*
$6 preferred....
1,700
.......*
57,200 Gen Amer Transp Corp
5
80,400 General Baking Co.......
6

11,800
1,830
1,641,800
24,700
8,500
21,900
35,000
2,850
22,100
40,900

4% Sale
48%

46

2,500 Federal Mining Ac Smelt.. 100

63,555

% 104

44

11,600 Federal Light 8c Traction

400

Sale

34% Sale
102

1

7,040
i% preferred
........100
70,700 Fairbanks Morse Ac Co......*
24,300 Fajardo Sug Co Porto Rico.20

29,200
14,400
29,400
12,500
5,600
36,800

~

18

*

4% 1st preferred...

20* May 23

2* Sale
8* Sale
34* Sale

Sale

•

....

*5.50 preferred w w__...
$6 cum preferred

4,500 Exchange Buffet Corp. _._..*
19,860 Fairbanks Co....25

440

26% Sale

165
12

Sale

Sale

.„.._...*

Elec Storage Battery
•
{Elk Horn Coal Corp new..*
El Paso Natural Gas Co....3

135

134

4

...

13 * May 27

113

100

$4.50 preferred

6% preferred.....
Eaton Mfg. Co.

1*
10*

1%

6% non-voting deben.-lOO

Eastern Rolling Mills.--..
Eastman Kodak Co. of N. J.*

Lowest

Sale Prices

a

111%
132 %

....

Highest
Sale Prices

Sale

•

...

8% preferred
100
Du Pont de Nem Ac Co (EI).20

Bitlngon Schlid
Electric Auto Lite

Sale

16*

*

Douglas Aircraft Co Ine
Dow Chemical Co

Elec Power 8c

27*

Sale

._...*

Dome Mines Ltd

American

85*
Sale

Elec Ac Musical Ind—

43,300
839,700
103,500
54,200
16,700
5,700
60,900
2,400
1,040
317,100
9,500
7,250
1,700
45,400
124,600
62,200
23,500
18,900
48,600
91,400

1*

7

Casting Co.....*

2,920 Duquesne Light 5% 1st pf.100

39,800
68,100
1,020
43,100
55,000
129,100
301,100

Sale

4

3%

5% pref with warrants. 100

Dresser (S R)

Sale

\H
Sale

Corp-Seagrams Ltd...*

Doehler Die

Sale

o

..*

Dlrie-Vortex Co
Class A..

21*

21%
11%

8% Sale
5% Sale

25,800 Diamond Match
9,100
Participating 6<& Pref..25
26,500 Diamond T Motor Car Co...2

75,700
5,700
5,450
1,780
21,600
194,100
7,300
665,500
34,200
2,500
18,300
3,000
3,700
7,600
1,600

Sale

Sale

11

aaie

95

440 Detroit Ac Mackinac Ry Co, 100
80
5% preferred
....100

7,920

Sale

Ask

Ask

l\H

Lowest
Sale Prices

May 31

May 2
Ask

1

Mar. 29

61

10

6

1,
Feb. 2C
Feb. 2(

AGGREGATE

35

N. Y. STOCK EXCHANGE-STOCKS

June, 1938]
SALES

PRICES IN

STOCKS

May 2

1938

$6

434%

con*

Sale

1434 Sale
41
3934
134 Sale
234 Sale

41
3934
134 Sale

50

preferred

41

Sale

634

*
1

Gobel ( Adolf)

Sale

18

preferred..............*

Glldden Go (The)

Sale

42

Glmbel Brothers...........*

Sale

3

....1
190 Gold ft Stock Teleg Co—100
263,600 Goodrich (B F)
—......
18,300
t! preferred.............."
439,900 Goodyear T Ac R
—*
<5 preferred..............*
14,000
23,200 Gotham Silk Hosiery......*
Goebel Brewind Co

70
6134
1334 Sale
Sale

35

1834

Sale

16

77

66

Sale

3
54

76

334

100

326,000 Graham-Paige Motors—...1
Granby Consol Mining
86,500
Smelting & Power Ltd....5
11,900 Grand Union Co trust ctfs-.l
12,100
S3 con* preferred series...*
22,700 Granite City 8teel—......*
10
26,800 Grant (WT)
18,000
5% preferred............30
63,000 Great Northern Ir ore prop
358,400 Great Northern pref.....l0i>
•
29,100 Great West Sug
Preferred.....
100
1,210
30 Green Bay Ac Western RR.100
33,300 Green (H L) Co
1
160 Greene Cananea Copper.. 100
284,300 Greyhound Corp (The)—...*
56,600
5>4 % preferred
......10
15,100 Guantanamo Sugar.._._...*
850
8% preferred...........100
7,000 Gulf Mobile ft Northern..100
6,500
6% preferred...........100

58
Sale

54
1

350

Preferred...

....

P

Sale

Sale

2634
Sale

35

Sale

15
30

Sale

42

8

Sale

934 Sale
8
834
134

A*

1434
334
1034

4

1354

2334

n»

32

634
1234

Sale

■-28*
32

iS*
n* 8M

89
Sale

120

132
Sale
60

55

89

77

Hercules

6% preferred...........100

125

Herahey Chocolate.........*

preferred...—...*
Dauch Paper Co..10

con*

Hlnde &

*

Holland Furnace

$5

4134
8434
16

19

Son........5

129

5034

Sale
25

Sale
100

preferred.........*

con*

Hollander (A) Ac

Holly Sugar Corp..........*
7% preferred
100
Homestake Mining
12.50
Houdallle-Hershey cl A
*
Class B
..*

Sale

9

2034

Sale

Sale

L01

10
13
25

123

May
May
May
May
May
May
May
May
May
May

734 May 12
May
4
1934 May 10
4234 May 12
234 May 14
3
May
2
65
May 10
1534 Mqy 10
46
May 12
2034 May 10
7934 May 10
3 34 May
7
5434 May 12
43

134 May

27
434
20
134
27 1034
26
25 25
3 2234
31
12
27
1834
26 2734
11 125

May
May
May
May
May
May
May
May
May
May

.

4

Mar. 29

5

Sale

44
129

134

40

51

81

It*

13

37
Apr.
1
134 Mar. 26
234 May 27

Jan.
Jan.
Jan.
Jan.

6034 Apr. 26

80

Jan.

11
19
10
11
17

10

1934 Jan.
5734 Jan.

15
15

24

Feb.

89

Feb.

23
28

434 Jan.

11

Mar. 31

3434 May 26
1534 Mar. 31
71
May 27
234 Mar. 30
5234 Mar. 30
34 Mar. 29

75

127

50
90

1534

1534

108

1234 Sale
108

5634

Sale

58

19k

Sale

1734

834 Sale

734

Sale

Sale

Sale

Jan.

12

13

Jan.

11

13

Jan.

11

18
May 26
5 x27
Apr.

Jan.

10
10
24

Jan.

8
Apr.
Apr. 12

I Feb.
Mar.
Mar.
Mar.
Mar.

May
May
May
May

Mar. 29
Mar. 31

51

95

%*
II*

Jan.
Jan.
Jan.

12
12

14
6
22

Jan.

12

Feb.

10

31
28

28

4

Jan.

12

25

6

Feb.

10

19

Jan.

12

28

Mar. 11

1

34

Jan.
Jan.

0
7

2134 Jan.

15
18
0

Mar. 31

7

Jan.

2 100
May
May 19 96

Jan.

25

Jan.

67

Feb.

15
7 12634 Feb. 28
Apr.
Mar, 30
£754 Jan. 10
Mar. 29

Mar. 31

95

Feb.

8
11
24

94

Jan.
Feb.

23

Jan.

Mar. 31

May 31
Mar. 25

May

5

8 15234 Feb.
17
Jan.
Mar. 26
Jan.

Mar. 31
Jan.

58

Jan.

17
17

11
11

19 13134 Apr. 18
51
May 20
95
May 20

Mar. 19

Mar. 28
Mar. 25

2434 May
May
7
May
12 34 May
105
May
56
May
1934 May
634 May
102

32

29

Apr.

May 10
May
9
May 20
May 20

130

Jan.
23
Jan.
1534 Jan.
2634 Jan.

1134 Mar. 15
854 Apr. 11
154 Jan. 10

Mar. 25

875*
51

55

Apr. 28

16

18 2534 May 25
3 3234 May 12
27
4
634 May
12 1234 May 26
2 91
May 12
19 86
May 18
31 £2134
'ay
5
5 al21
May
5
31
534 May 11
5 60
May
5
28
7
134 May
31
3
8634 May
26
May 10
5
May 18
5 150
May
7
31
1234 May 11

26
27
20
11

22

I Mar. 30

134 May
4
May 16
4 34 May
7
14
May
9

May
32
May
634 May
May
12* May
90
85
May

3

Mar. 30
Mar. 31

934 May
4
834 May 14

4634 4334
12834 127 34
5034
95
8634

44

6

Mar. 30

17k May 18

May

Sale

Feb. 21
Jan. 12

Mar. 31
Mar. 31

7
2
12
9
9
26
10
11
3
3

2

May 26
734 May " 5
1
May
4
1434 May 31
3
May 27
1034 May 27
25

10

Jan.

6

Mar. 30

13

May 27

7 34

434 May
60
May
May
77
May
634 May
81
May
14734 May
1034 May

17
1534
1534
25
2734 Sale
2434
105
102
10134 102
Sale
7
734
734
102

~15~~

954 Jan.
58

2734
5134
334
3 34

4034 May

Jan.

al21

Sale

Sale
25

53
21

1

834
1034
2234
2134

May

121

52

3

19

80

.100

*

$4

Sale

Sale
634 Sale
83
8534 112
Sale
14734 150
11
1034
1034 Sale

"25

Powder new

6
May 31
4034 May
6
1434 May 27
41
May
5
134 May 31
234 May 27
64
May
3
1034 May 27
3434 May 26
1534 May 27
71
May 27
3
May 31
5434 May 12
34 May 31

Sale

134
8634
634

Motors

Highest
Sale Prices

132

1934

54

50,000
1,050
1,300
5,700
2,100
5,600
1,340
27,200
24,600

35

6

"1934
534

27

1234

Sale

90

834 Sale

...2

....

Lowest

Sale Prices

42

1434 Sale
4
234
13
1034

.100

7% preferred

Highest
Sale Prices

40

16

Hazel-Atlas Co.......... -.25
Helme (G W)

2234

30

lioo

Hecker Prod Corp ▼ t c..

Sale

50

634 % preferred w w
Hayes Body Corp..

Hercules

76,600

2134

...1

22,100

215,400
9,600

Sale

lH

Hat Corp class A....

550

58
Sale

35

650
6% preferred.......... lioo
•
440 Hanna (M A) Cc J? pref.
60,900 Harbison Walker Refrac. HI*

30

34

1134 Sale
14
1434 Sale
25
2734 Sale
12334 12634 125

...

440

7134
Sale

334 Sale
134
834

21

...

30,710
6,300
85,000
2,600

Sale

Sale

Sale

Sale

23

..25
3,500 Hackensack Water
Preferred* A........... -.25
1,270
-.10
18,700 Hall Printing
♦
5,100 Hamilton Watch

6% preferred.....

Sale

64

11.34 Sale
3634

Sale

W

—

210

Ask

62

42

...

Lowest
Sale Prices

May 31

Ask Bid
Sale
6

Bid

Par

Share!*

13,400

1

Jan. 3

Jan. 1

97,700
3,800
82,600
3,400
33,900
39,400

RANGE SINCE JAN.

MAY

Price

n. t. stock exchange

Since

Mar.

20

2

Jan.

31
2934 Apr. 22
Jan.- 10 102
May 3
Jan. 12
Mar. 26
11
May 31 2534 Jan. 12

27 2934 May 10
3 102
May
3
31
8
May 13
31
4
1534 May

May 27
6554 Jan. 20

Mar. 16 108

20 108
May 27
2 6034 May 18
2 20
May
6
27
May 11

Apr.

1

Mar. 31

25

Jan.

12

Mar. 30

1134 Jan.

12

Household Finance—
Common stock...........*
9,200
3,000
5% preferred........... 100
250,800 Houston OH of Texas » t c.25
Howe Sound Co
»
69,100
106
11,800 Hudson ft Manhattan
5,900
5% preferred...........100
76,100 Hud Bay M & Sm Co Ltd..100
......*
172,100 Hudson Motor Car
191,800 Hupp Motor Car Corp
1

180,805
7,300
5,990
1,510
9,800
68,700
18,000
1,150
46,100
505,200
31,500

4834 Sale
79

83

634 Sale
42

134
434

Sale

154
554

52

50

8934
634

Sale

Sale

32

35

134
334
2434

"634 Sale

63i

134 Sale

34

134
4
Sale
Sale

Sale

Illinois Central..........100

sec

10
Corp.....*
Ingersoll-Rand......_......*
6% preferred...........100

1.240

16,900
380,700
47,900
14,700
20,600
296,300
3,750
204,400
53,300
77,400

Inspiration Cons Copper..20
Insuranshares Ctfs lac
1

1,235,110
1,200

d

100

4934 Sale
152

148

434 Sale
2

4334 Sale
125

132

3

7

.....1

100

143

140

*

Preferred

2134

20

7% preferred
100
Internat Hydro-Elec Sys A.25
Internat Mercan Marine....*

Internat Nickel of Canada..*

Sale

2

Int Business Machines.....*

Internat Paper

734

4434 Sale
13334 135

4134 Sale
13234 135

Sale

634 Sale
2434 Sale
334 Sale

May
May
May
May
1
May
4
May
2234 May
5
May
34 May
5134
8934
534
2834

4
2
27
28
7
6
27
27
26

57

9334
734
37

234
634
2734
634

J4

634 May 26
934
18
1534 May 18
26
May
2 31
434 May 25
534
5
May 26
634
May 28
1834
86
7034 May 31
13534 May 20 L38
6134 May 31
6834
8
May 26
1234
5
4
334 May
6
6
334 May
1634 May 4 1934
82
May 25
90
234 May 27
334
734 May 27
934
2
May 27
234
1834 May 24 22
140
May
3 147
48
May 27
6134
144
May
5 L51
434 May 27
634
3
234 May
334
7
May 27
934

May
May
May
May
May
May
May
May
May

23
27
6
10
17
18
10
10

4634 Jan.
4
8334 Jan. 26

2

54 May 26

May 10
May 11
May 18
May 13
May 10
May 11
May 14
May
4
May 13

May

9
6

May
May 16

May
May
May
May
May
May
May
May
May
May
May
May

10
2
2
6
10
10
17

10
24
11
13
18

5

Mar. 31

2334 Mar. 30
1
May
7
3

Mar. 29

2054 Mar. 30
5

Mar. 30

634 Mar.
12

Jan.

13

134 Jan.

10

10

Jan..10

Jan.
4
754 Feb. 25
834 Jan. 10

22

5734 Mar.

Jan.

18

86

Jan.

14

138

Feb.

Jan.

6
12

7834
1554
434
654

Mar.

1*

254 Jan. 13
734 Jan. 13
2754 Apr. 18

38

Mar.

7

535| Jan. 13

20

Apr.

Mar.
354 Apr.
Mar.
1454 Mar.

60

May 23
9354 May 27
834 Jan. 11

1234 Feb. 25

23

135

57

Apr.
ar.

15

Mar.

25

82

May

98

Mar.
634 Mar.
2
Mar.
15

Mar.

141

11
19

Jan.
Jan.

13
12

Jan.

1334 Jan.
334 Jan.

Mar.

£130
48

Jan.

Apr. 25
8

2

Jan.
Jan.

Mar.

29

Jan.

15454 Jan.
70

May

15|,

334 Mar.

Jan.
Mar.

12
12

17
17
21
11
3

Jan.

12

Mar.

Jan.

654 Mar.

1134 Jan.

11
21

2

36 J4 Mar. 31
5254 Feb. 23
132
Jan. 19 13534 Mar.
1

£4034 May 27 4834 May
133
May 26 135
May

ft Pow cl B.*
•

Class C

374,700
281,000
18,710

234
234
734 Sale

*
Internet Agricultural......*

Int Mining Corp....

Sale

82

80

Inter lake Iron..

Internat Harvester*....

6
Sale

434
434
1734 Sale

Intercontinental Rubber...*

preferred

6

Sale

4

100
Interchemical Corp.......*
6% preferred.
.....100

Prior

16

6134 Sale
834 Sale

69,800 tlnterboro Rap Tran...

27,000

Sale

Sale

138

..*

Steel.........

Sale
Sale

Sale

434
434
1434
7034

Industrial Rayon

Inland

534
34

30

stock ctfa set A1000

Refining

Indian

Sale

22

11*

6% pref series A....—100
Leased line 4%
100
RR

5434 Sale
9334
95
534 Sale
2934
2634
134
134
43' Sale

New....................15
5% con* pref...........100
Int Rys of Cent Amer
..*

734 Sale
3034 Sale
334 Sale

26

634

Sale

334 Sale

534 May 27
27
334 May 31

23 34 May

834 May 11
3234 May 11
4
May
4

4 34 Mar. 29
1854 Mar. 31
234 Mar. 30

934 Jan.
3934 Jan.

12
12
21

6

Jan.

24

Apr.

16

&
20

Jan.

24

Voting trust certificates..*

"7". 040

5% preferred...........100

3934 Sale

34

6,100
11,300
9,300
1,150
850,100
138,400
54,500
2,130
6,810
8,500

International Salt.........*

21

Sale

2234

....*
106

32

Sale

16

Sale

preferred..........100

65

Sale

150

13,200
158,100
2,240
9,260
8,000

International Shoe...
International Silver

7%

Internat Tel ft Tel

Foreign thare certlfs
Interstate Dept Stores

Preferred..

Iatertype

*

*
...*

.........

100

Corp............*

Island Creek Coal

1

1

<6 preferred

Jewel Tea Inc..............*

Tohna-Manvllle

100

Preferred..

fones ft Laugh Steel pref. 100
Kalamazoo Stove ft Furn ColO

340 Kansas City Lt 1st pf Ser B •

52,100 Kansas City Southern....l00
5,000
4% preferred...........100
6,300 Kaufman Dept Stores..112.50
14,400 Kayser(J) ft Co............5
280 Kelth-Albee Orpheum pf.100
Kelsey Hayes Wheel—
Convertible class A.......1
17,600

29,000

Con* class B

....

___l

440 Kendall Co 16 pt pf ser A...*

For footnote*

see page




40*

634 Sale
7

Sale

934

Sale

703» Sale
934

1034
2134 Sale
116

124
Sale

1634
1934
11834
734 Sale

-----

20
15

23
31
3134
1434 Sale
5734
60 /
734 Sale
734 Sale
734 Sale
6834 75
9
934
19

117

5034 Sale
7634 Sale
123
71

Sale
17

Sale

3134

32

32

20

23

22

2834
1334

59
834 Sale
8
Sale
734 Sale
65
75
934 Sale
Sale
18
Sale
122
11334 116

49

Sale

64

Sale

125
52

Sale

Sale
16

ill*

55

11%

Sale
18

13

1334

15

13

87

60

7

•

1534
1234

1034 Sale

7434

88

4

64

Sale

8934

Sale

1434
56

734
734
634
6834
934
18

11334

334
85

May
May
May
May
14
May
119
May
634 May
May
May
May
May

St* iVA
hi*
95

Sale

634 Sale

8234

29

49
5034 Sale
Sale
62
6134
12534 12934 125
52
52
5234

119

13

734 Sale
434 Sale

30
16

z.,

334
8934

May
May
May
May
May
May
May
May
May
May
May
May

20 36
28 24
26 3134
2 16
27 60
2
2
27
21
3 1134
27 1934
3 115

88
78*

May
May
May
May
May
May
May
May
May
May
May
May

12
17
6
5
4
18
12
11
7
16
24
16

2 52* May 16
27
May 10
2
May 17
2
May 10
26 1634 May 10
20 11934 May 20
26
May 11
7
May
9
26
May
6
6
May 28
5 85
May 27

534 May 26
334 May 26
87
May 17

It*
2!*

SB
7

43

873

May 13
May 11
May 20

2834 Mar. 25
1934 Mar. 31
2834 Mar. 31
12

Mar. 28

4634 Mar. 30
4
534 Feb.
6

Feb.

4

634 Mar. 30
63
8

Feb.

10
Mar. 31

Jan.

17
6834 Jan. 25
9k May 18
954 May 12

4434 Mar. 30
58

Mar. 29
Jan.

1354

Jan.

Jan.

12

Jan.
Jan.
Jan.

8*
86

12
11
18
15
8

Mar. 11
Jan. 10

24 12634 May
1
Jan.
78

4954 Apr.
1234 Mar. 25
118

Jan.

75

1
24
1734 Apr.
11334 Apr. 30 117

122

21

1934 Jan

17
10
10

Mar.

8 11934 Apr.
2
534 Mar. 29
954 Feb. 25
12
Mar. 29
21
May
9
Jan. 12
2
1234 Apr.
Jan. 12
6
1034 May

63

Apr.

5

454 Mar. 29
3

80

Mar. 26
Jan.

6

P
73

Mar. 18

954 Jan.

10

654 Jan. 10
8734 May 20

36

N. Y. STOCK EXCHANGE-STOCKS
sales

aggregate
In

May

Shares
....

600

700
30

150

500
800

7,600

200

2,800
2,300
160

5,900
1,400
1,900
12,300
1,000
4,100
19,300
1,800
2,300

19,800 Lerner Stores Corp

1,300
300

2,500
1,400
6,600
19,800
300

19,700
17,100
3,900
1,400
570

7,100
490

300

890

25,900
700

1,300
16,100
780
90

2,500 MacAndrews Ac Forbes Co..10
420
6% preferred.............*

V

83,100
71,800
21,900
27,400
19,300
3,600
2,380
66,220
7,700
21,800
118,700
1,750

800

6,900
172,500
1,500
2,700

4,300
50

2,200
3,200
600

28,000

"""116
3,000
5,800
17,300
2,100
3,000
2,200

15,300

93",006
700
460

6,000
4,600
6,200
5,500
1,200
600

1,200
160

10,300
300

2m

Sale

34

Sale

7

Sale

23

24 *
88

25 y

90*

Sale

88 *

160
170
15
16*
28 » Sale

105

1

430 Merch At Mln Transp Co

......

45,000 Minn Moline Pow Implem..l
$6.50 pref...
....._•
4,600
6,900 Minn St Paul At S S M....10U
7% preferred
........100
1,000
4% leased lines
.....100
2,190
20,400 Mission Corp...
_....*
45,900 Mo Kan-Texas
5% preferred aeries A
104,600
100
17,800 {Missouri Pacific........100
Convertible preferred.. 100
43,900
25,500 Mohawk Carpet Mills
20
...

76,400 Monsanto Chemical Wks..lO
$4.ft0 pref
600
*

For footnotes

•

,.*
.......

Sale
Sale

164*
xl5*
21*

Sale

104* 106
1 * Sale
36* Sale

102*
15*
137

Sale
Sale

137

15* Sale
Sale

14*
30*

16

Sale

Sale

Sale

30

Sale

25

Sale

13

119
116* 120
19* Sale
16*
29* Sale
27*
11*
12*
23

25

1*
5*
6*

6*
8*
Sale

5ba

Sale
5

"8
27ff

11*

va

«

Sale
Sale

21* Sale
2* Sale
30

22* Sale
153* 157
34* Sale
5

Sale

20*

25

80
78*
13* Sale
Sale

73

£8

22

23

161

29*

8

53
Sale
Sale
Sale

16*
Sale

I
i

Sale
Sale

79
Sale
Sale

37* Sale
15* Sale
6

Sale

30*
6

31*
Sale

80

n* Sale
66*

86
56

l%3/*
60

50*
42

■8*
31*

18
Sale

33*
Sale

56* Sale
105

120

5*

h

45
Sale

*

13*

Sale

2

6*
1 *
o
\V>
1* Sale

va

Sale

111
Sale

24*

Sale

1

Sale

Mullins Mfg Corp class B...1
$7 conv preferred.........*

Sale

54

11*
Sale

13

Sale

67* Sale
29* Sale
24*
26*
26*

fF
9*
13*

Sale

9*
Sale
Sale

iF

Sale

14*
98
Sale

40

May
May
May
May
16
May
13* May
18* May
5
May
26* May
15
May

26*
11*

13*
18*
105*
4*

j*

2a

26

9

24*
29*

7*
29
90

93*
166
17
28
36

17*
43*
106*
1*
43*
3*
17

102*
16*
138*
17*
37*
16*

27
27
24
31

21* May
May
34* May
4* May
17
May

13 24*
12 163
27 39*
26
4*
18
28

F
4*

161

14

Mqy
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
May
May

9
9
10
9
5
24
12
21
11

2

11
26
31
2
25
9

27

11
2

12
10
6

12
9
10
14
26
27
14
3

9
5
13
10
20
31
10
7
7
2
11
11
10
11
13

May
2
May 18
20* May
9
31* May 12
May
5
May
9
May
9
May
9
17
May 14
May 14
May
2
1 * May
9
5* May
4
1 * May 12
May 11
14* May 11
May 11
May
9
May
9
May 10
3
May
3
32
May 11

41*

7i$

18
8
xF

23$
2l

May
9
May 27
May 12
May
2
May
4

"§5* May" 12
10* May
9
May
75
May
14
May
8* May
41* May
16* May
6* May
33
May
7
May
77
May
11* May

41

54

4

1F

Sale

12

Sale

30
Sale

3
12
10
10
6
18
10
10
9
12
19
11

Sale
Sale

90

May
40
May
4
May
14
May
12
May
28
May
6* May
14* May
16
May
86
May

19
10
27
31
2
27
27
27
26
28

55
44

4*
19*
12

33*
9*

17*
20*
88

May
May
May
May
May
May
May
May
May
May

"57*

Sale

110

Sale

Sale
46

*

*
*
a

V*

w

Sale

1

2

6

6*
*

Q\A

1*

Sale

12*

Sale

x70
110

28

Sale

56* May
2 65* May 10
110
May 27 110
May 27
4* May 31
41* May 25
* May
2

24*
29*

27

22*
25*

11*

12
Sale

11*

8
4

28

27

10
Sale

38

Sale

2I4
39*

98

4* Sale
37

39

26

12* Mar

31

5* May
May
* May

48

3

Mar. 30

Mar. 31
Mar. 26

Mar

29
Mar. 26

Mar.
May
Mar.
Mar.

9
7
2

Sale Prices
43 * Jan. 10

9* Jan.
22* Mar.
2* Jan.
16
May
16* Jan.
18* May
6

17
27
28
27
19
26
27
2

*
14*
2*
8*
1*

May
May
May
May
May
2
May
13* May
76* May

9
5
11
11
14
11
9
11

11*

4*
40

May
May
May
May
May
May
May
May
May
May
May
May
May

34

10
6
18
11
10
9
2
2
10
12
27
10
9

May
25
May
31
May
14* May
9* May
15* May
5
May
41
May
May
42
May
May
May
May
-

l¥

12
4
10

5
12

12
12

Jan.
Jan.
17* Jan.

17

18

28

12

Jan.
Jan.

12

31

12* Jan.

13

Jan.
Jan.
Jan.

10
8

31
30

30

12

12
12
95
Jan.
4
105* May 31
3
Mar. 29
Feb. 25
* Mar. 26
Jan. 12
1 * Mar. 29
Jan. 13
19* Mar. 30
Jan. 12
6* Mar. 29
Jan. 14
19* Mar. 30
Mar.
2
23* Mar. 31 2,rA Jan. 11
42

114

Ti
4%

6

Mar. 29
9
Mar. 30 29
Mar. 30 100

25

81

Jan.

29

Mar. 25

12* Mar. 31
33

Mar. 31

102

Apr.

18

* Mar. 26
26

Mar. 31

2*
14*
93*
13*

Mar. 28
Mar. 31

May
Mar.
Apr.
12* Mar.
29* Apr.
12* May

125

22

10

May 14
Jan.

81* Mar. 31 102*
9 167
Apr.
14* Mar. 31
18
20* Mar. 26 34*

157

Jan.

10
11

Jan.
5
Feb. 28
Jan. 12
Mar. 5
20
Jan. 12
52* Jan. 12
Jan. 14

mi4

Apr. 25

43* May 10
4* Feb. 23

21
26 106
31
18

Jan.
Jan.
Jan.

12
18
14

1 140* Mar. 11
31
20

27

Mar. 29

17* May 10
56* Jan. 10
21* Jab. 12
31

Jan.

7

116* Mar. 30 126
Jan. 21
16
Mar. 29
24* Jan. 12
Mar. 30
32* Feb. 28

irA
l8$
!$

Mar. 26
Mar. 31

Mar. 29
Mar. 30
Mar. 26

13* Feb. 10
30* Jan. 11
9

Mar. 15
Jan. 10

20* Jan.

13

2* Mar. 26

Jan.

13

Mar. 30
Mar. 31
Mar. 31

Jan.

13
11
11

V

May

2

3* Feb.

7

Jan.

8

Mar. 30
Mar. 30
5* Mar. 30
14* Mar. 30

isB

2* May 24
25

Mar. 29

19* Mar. 31
157

Jan.

■a

II

2!*

48

24

10

27* Mar. 10
Feb. 23

3*

Mar. 28

20
75

Mar. 29

6

Mar. 23

10

61

Mar. 31
Jan. 31

79

10
7

Mar, 26

35* Mar. 25
13* May 27
5* Mar. 31
28
1
Apr.
5

Mar. 26

70

Apr.

12

6* Mar. 26
Apr.

31
14

16

15

10*

tin
4*
15

4

72
61
1 z48
Apr.
Mar. 30
5*
May 13 23

16*
43*
11*
22*
16
Mar. 30 27*
76
1 101*
Apr.
89
Apr. 25 94*
46* Jan. 28 67
Apr.

4

1 110

Mar. 26
Mar. 31
Feb.
2

35

A

Ti
44
iF
67
111
25

Mar. 26
Mar. 29

Mar. 30
Mar. 25
Mar. 30

May

2

Jan.

5

Mar. 31

22* May 27
25

Mar. 31

10* Mar. 31
8

Mar. 31

11* Mar. 29

10

15

Jan.
Jan.
Jan.
Mar.
Jan.
Feb.
Jan.
Jan.
Feb.
Jan.
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
Jan.

18
11
18
15

12
1
12

10
23
15
26
12
25
19
13
11
1

13
17
11
11

Jan.
Jan.

12

Jan.

16

Mar.

12
2

May 27

7* Jan.
60

Jan.
#

3
Mar. 28

May 27

12

Jan.

Apr. 22
91* Feb. 10

12
2
May
26* Mar. 30
5* Mar. 31
12* Mar. 30

100

Jan.
Jan.

21

5

Jan.

14
12

May 10

4* Jan.

17

5
Apr.
8* Mar. 31

Jan.
Jan.

12
11
11
11

37* Jan.

26 165

28* Mar. 31
3* Mar. 26

Jan.
Jan.

May
May
14* May
May

Jan.

May
May
May
May
1
May
1* May
12
May
67
May
*
10*
1*
5*

n* Sale
8* Sale

jn

Mar

32 J

9
11
2
11
10
10
11
2

114*
Sale

22

22

50

91*

4*
37

Mar. 29
Jan.
7

55

28*

it*
it*

Feb.

1*
12*
9
15*
2*

8*
3*
10*
13*

18 120

27
27
31
27
27
21

19

15

31

1

Highest

26* May 27
6* Mar. 31

8

30

28* May
May
16* May
27* May
10* May
19
May
1
May
5
May
8* May
4* May
9* May
May
May
May
May
10
May
1* May
20* May
6* May
20* May
2* May
May

120

Sale

14*

5
41

Sale

50

SaF

110

105

17*

*

13%
4

Sale
a

4*

36*
8*
22*
2*

16

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
May
May
May

76* May 27
9* May 24
7
Sale
May 31
68
75
80
May 10
13
12*
May
1
May 26
1a
40
37* May
1
13* May 27
13* Sale
5*
5* May 26
5*
28* Sale x28
May 27
5* May 31
5* Sale
70
82
May 25
9
8*
May 27

&

Sale

34

40

Sale

Sale

Sale

ava
Sale
Sale

93 *

Sale

Sale

39

89

Sale

Sale
Sale

45

4* Sale

100

Sale

iF

55

Sale

52

1*

49

88

Sale

o

Sale

55

96
Sale

6*
17*

27
28
21
31
6
31
24
2
25
26

60

Sale

105

Sale

56

18*

Sale

Sale
Sale

21* Sale

76
9

12*

Sale

Sale

2

80* 93
10* Sale

7*

12*

28
120

9*

163

13*
36*
105*
1*
36*
2*
15*
93*
15*
136*
14*
30

6* Sale
9*
10*

20*
6*
21*
2*
27*

34

13*

ib
F
4*

89

33

32*
4*
16*

13

Sale

7

Sale

Sale

33* 36*
4* Sale
18
18*

60

Sale

Sale

145

79*
Sale

19*

1 *

«

Sale

.*

106

3
2*
17
15*
99
92*
15* Sale

30

Sale

Munslngwear

va

O

37

Sale

50

Murphy Co (G C )..........*
5% preferred
100
Murray Corp of America.. 10

105

Sale

•

40.

164*
*15 *

17
Sale

g

Myers (F E) Ac Bros....

93

16

Mueller Brass Co

Products

86*

Sale

Motor Wheel

see page




Ac Co

Morrell (J) At Co
Motor

6

27

91
Sale

Sale

*

....5
23,500 Mesta Machine Co
5
182,500 Miami Copper
91,100 Mid-Continent Petroleum.10
30,800 Midland Steel Products
8% 1st preferred.......100
1,820
110 Mllw El Ry Ac Lt 6% pref.. 100
54,700 Minn-Honeywell Reg Co
4% conv pref ser B.....100
740

Morris Ac Essex

Sale
Sale

3

30 x

21*
8*
21*
24*

6

Sale

Sale

12

88*

40

29

10*
3*

27

Sale

121* 125

10
19

87*

Sale

........100
*

22*
Sale

Sale

Sale

26* May
7* May
May
1* May
15* May
11
May
16* May
4* May
24* May
13* May
21

27

Sale

$5.50 pref ser B w warr..*
2,600
•
12,000 Melville Shoe Corp
1
40,400 Mengel Co
5% conv 1st pref..
50
7,190

2,800
4,360
57,700
32,800
49,600
56,200
3,370
4,400
17,300
1,590
88,100
2,200

Sale

16

5

Corp

$6 pref series A

707,900 Montgomery Ward

x8*
20*
25*

51

29

pref

Sale

14* Sale
39* Sale

100

pref..
Stores Co......

conv

Sale

22

40* Sale

an

23

86*
157* 163
18
16*
24* Sale

5

McKesson Ac Robbies

38

Sale

34

Sale

Sale Prices

15*
105
Sale
Sale
3*
*
2*
2*

15*

20

conv

3*

Sale

Lowest

Sale Prices

15* Sale
105*

va

12

12

Sale

«

22

18*

10* Sale
4
3*

36

Mclntyre Porcupine Mines..5

$3

13
Sale

14

14*

McKeesport Tin Plate.....10

McLei

11* Sale

10*
4*

Highest

Sale Prices

89

8*

100

McGraw Electric Co, new
1
McGraw Hill Pub Co
...»

5*
25

23*
13*

26

100

....

4

Sale

26* Sale
7
6*

106
Sale
16

Sale

Sale

22$
23*

135 *

131

Sale

33

38*

105*

3^
if*

34

Sale

36*
17 *
45

Sale

15*

Sale

Sale

Corp
_....*
tMcCrory Stores new com._l
6% conv preferred
100

6%

400

Sale
Sale

20i4

Sale

Sale

3$

7 (*

22*

14

5*

$3 preferred ex-warrants..*
$6 1st preferred
._*

Mead

200

lit*

5% Sale

if*

McCall

130

9,800

100

Sale

7*

17* xl7

Sale

10*
3*
12*

.....2ft

Mathleson Alkali Works....*

310

40

lei

96

iF
Sale

48

28

Sale

15

Maracalbo OH Exolor

39,100

200

16*
if*
>SM

Ask

Ask Bid

31* Sale
7*
8*
22
20*
2*

35
Sale

11*

Bros

Manhattan Shirt

30

"Sioo

25

tManhat'n Ry Co. 7% gu.100
Mod
5% guar
..100

100

160

Sale

26* Sale
10*
10*
23* Sale

Mandel

Bid

Sale

Macy (R H) Co, Ine
*
Madison Square Garden....*
Magma Copper
.........10
Manati Suoar Co
..1

3,300

810

15

18

7% preferred
...100
370
24,500 May Dept Stores ..........10
33,700 Maytag Co (The)
$3 preferred w w
8,900
80

2,300
14,800
13,500
3,000

Sale

...

750

5,800

5
24
14 *

1
588,700 Martin (Glenn L) Co....
21,500 Martin Parry Corp......... •
*
25,800 Masonlte Corp

30,800
47,800
1,700
24,100
13,300
132,700
57,800
112,400
17,400
40,400

"3~300

Sale

Second preferred
100
6,800 Marlln-Rockwell Corp. (Del.) 1
._._.*
107,200 Marshall Field Ac Co

4,400
7,700

3,600
1,400
11,900
7,300
11,400
3,100
4,500

Sale

940

"""140
100

12

15*

Mack Truck Inc...

Marine Midland Corp
Market Street Ry
Preferred
380
Prior preferred
8,600

2,240
270

*

...

3,200
4,100
6,200

271h
4t*

20*
20 *

129,700 Llbbey-Owens Ford Glass...*
25,800 Llbby McNeill At Llbby
*
10,600 Life Savers Corp
.......-5
8,100 Liggett Ac Myers Tob com..25
Series B
25
40,200
Preferred...
4,400
........100
4,300 Lily Tulip Cup Corp
45,900 Lima Locomotive Works..__*
*
16,500 Link Belt Co....
33,700 Liquid Carbonic new......
193,100 Loew's Incorporated _._....*
$6.50 preferred
4,000
*
135,300 Loft Incorporated
88,700 Lone Star Cement Corp.....*
38,000 Long Bell Lumber
13,700 Loose-Wiles Biscuit
„.._2S
5% preferred
.....100
1,360
67,900 Lorlllard (P) common......10
Preferred
.100
3,680
16,100 Louisville Gas Ac Elec A..
*
29,200 Louisville At Nashville....100
53,100 Ludlum Steel
1

7,400

Sale

35*

2

8% preferred

...

600

200
10

*

3,380 Laclede Gas Light........100
5,500
5% preferred
........100
32,500 Lambert Co (The)..........*
1,200 Lane Bryant
21,000 Lee Rubber Ac Tire........-ft
24,800 Lehigh Portland Cement..25
610
4% con? preferred
...100
65,100 Lehigh Valley
50
16,900 Lehigh Valley Coal......
*
22,300
6% cony preferred.......50
86,100 Lehman Com (The)..
1
24,500 Lehn At Fink Products Corp. 5

1,480
1,920
2,600

Ask

Bid

Co" I*

15 prior preferred...
3,460
68,800 Kresge (S S) Co
Illlio
1
5,800 Kresge Dept Stores....
4,900 Kress (S H) Ac Co new..
60,000' Kroger Grocery Ac Bak.

100

15,200

6,600
13,500
4,100
2,800
3,200

9

Lowest

May 31

May 2

1938
Par

928,700 Kenoecott Copper
32,500 Keystone Steel At Wire
6,000 Kimberly-Clark
7,100 Kinney (G R)

138,200
2,900

range since jan.

Price
Jan. 3

Jan. 1

Shares

prices in may

STOCKS
N. Y. STOCK EXCHANGE

Since

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

17$
iM
Jan.
in Jan.

12
12
10
11
12
13
12

10
8

11
Jan. 12
91* Feb. 25
17

HiH

37*
30*
39*
21*
14

Apr. 22
Feb. 23
Jan. 17
Jan. 13
Jan. 10
Jan. 10
Jan.

10
15

4

Mar. 25

21H

26

Mar. 30
7
Apr.

64* Jan* 13
14* Feb. 23

ar. 26
57
6 104
Mar. 29
7*
37* Mar. 29 47*

34*
95

4

Apr.

Jan.

Jan.
Jan.
Jan.

Feb.

12

12
17
24

stocks
n. Y. stock

Since

exchange

Shares

7X
8k

19k

Tea Co..

—

63 k May
30
May

64 k

71

101

Sale

Sale

Sale

Sale
3X
Sale

8

112K Sale

if*

52 X

IX May
May
X May
5X May
42
May

2k

3

5

ik
8K
51k

Sale

104

100

Sale

19k

17K

Sale

50
9

53 X

Sale

8%

Sale

98.k

87 X

TVs
25 K

Preferred.

-*
100

,.125,500 Owens-IIIlnols Glass Co.12.50
27,700 Pacific Amer Fisheries Inc..5
3,710 Pacific Coast.............10
First preferred
..*
2,530
2d preferred........—...*
3,270
Pacific Finance Corp (Cal>.10
6,470
25
90,700 Pacific Gas Ac Elec
32,100 Pacific Lighting Corp..—
•
26,800 Pacific Mills
3,270 Pacific Teleph Ac Telegr.,100
6% preferred—
100
1,990
900 Pacific Tin Corp (sp stk)...*
...

IX

lH

16

12

28

IK
Sale
Sale
Sale

Sale

Sale

127

126K

Sale

"9

Sale

Sale

Sale

45
13

49
Sale

42 k
Sale

44

45

-

mm

38
13 x
46

46

Sale

114

59 X

9K
4

12

6K
UK

i«8
lit*

Sale"

Sale

Sale
Sale

sx

9X

Sale

4X
14

Sale

Sale

Sale

Sale
Sale

Sale

36 X
12 K

Sale

Sale

Sale

Sale

140
Sale

133 k 140

12

Sale

Sale

*

4

Sale

Sale
9

k

Sale
31

2d

Sale
75

100
preferred............10
preferred

....

Park At Til ford

1

Transport Co,

4>
Sale
6

8

...

.

16K

People's Drug Stores Inc ...*




61

Jan.

18

2X Jan.
6k Jan.

10

May
Jan.
Mar.
120
Apr.
111
Apr.
% Jan.

31
30
5
29

12
12

11
11
1
25
28
10

10

IK Jan.

15

10% Jan.

24

Jan.

10
5

62

2

May 25

4

May
6
May 10
May 12
May 17
May
3
May
May 12
May 10
May 11
May 19

it*
Sale

2

7
20 K

37 X

20

15K

11

Sale
Sale

Sale

ii*

5

10

Sale
Sale
16

9^4

Sale

2!*

Sale

aVA

34

60 K

70

4h

"

22 Vs May

Apr.

54k Jan.
10k Jan.

Mar.
May
Apr.
6% Mar.
25
May
1% Mar.
12X Mar.

1
30
3
18
31
12
30

8K May 10

6

May 11
May 12

May
May
May
May
May

Mar. 28

4

13K Mar. 25
Jan.

122

14

11
11
6
19
11

_

7K May 25
1
May 18
4
May
6
6
May 10
May
May
May
May

May
May
May

May

May
May
May
May
May

2K May
7
May
17 k May
18
May

14
Sale
Sale
Sale
34
36
62 k
70

8X
6K
18K
35 X
63 k

[ May
5
! May
11
I May 12
I May 11

5
5
26
2

12 k

May
May
May
May
May

10

12
10
11
May
2
May 10
May
4
May
3
May 11
May
7
May 14
May 21
May 11
May
9
May 11
May 10
May 20
May 10
May 26
May
2
! May 11

IX May
3k May
15

31
4
31
27
11

12

Jan.

13

14 k Jan. 10
Feb. 23
Jan. 13
Mar. 10

bb

97X

Jan. 21
24 k Jan. 11
my. Mar. 11

Jan.
Jan.

12

50

Jan.
Jan.

10
12

19 115

Apr.

19

Jan.

12

Jan.

17

Jan.

11
17

56
16

3

11$

Mar. 30

2K
10K
3X
9X
x22X

Mar. 26

Mar. 25
Mar. 29

>

Mar. 26

Mar. 30
32 X Mar. 31
9X Mar. 30

11
7
25

37

66

May
May
May
May
May

10
13
10
10
21

7

Mar. 29

X Mar. 25
27K Mar. 26
Mar. 31
90 K Mar. 11
5X Mar. 31

29

Mar. 26

65

6K Mar. 31
Mar. 29
IK Mar. 30
31X Mar. 31
13
Mar. 31
16

IX Mar. 29
3

Mar. 30

8

Mar. 31

4

Mari
Mar.
Mar.
Mar.

41
55
1

10

Feb.

11

8k Jan. 21
14k Jan. 13
28k May
6
40

Jan.
Jan.
Jan.
Jan.

14
11

31
28

Apr. 23

Jan. 10
Jan. 12
Feb. 25
Jan.
7
Jan. 15
Jan. 31
94
Feb. 11
12K Jan. 10
97 k Jan. 10
12 X Jan. 10
24
Jan. 20

fjf
42*

Jan. 10
37 % Mar.
3
20 X Feb. 23
2k Jan. 10

ex Jan.
12 x Jan.

12
8

26
30

ex May 14
51 x May 21

31

73

24

Mar. 30
10K Mar. 30
2

12

Jan.

16k
116
87
Apr.
May
6
7
May 16 Jl32KMar. 30 140
24
May 26 28
6k May
3
15k
10
Mar. 18
0M May
6
5k
3 X Mar. 30
4
May
2

8X May
5

Mar.

13
21

22

Mar. 30
Apr.

13

3

6K Mar. 31
1
30X Apr.
10

10

13X Jan.
31k Jan.

30

May 26
19 K May 31
7K Mar. 30
1
83 K Apr.

17

11
13

93 X Jan.

1

May
May
May
May
May
May
May
May

13

Jan.

99

9

40
6

6k May

i* 10
1?* it
8X
6K
18 k

Mar. 31

115

7X
IX
8K
8K
3X

11

Mar. 29 106X Jan.

13 X
45X
5K
87 K

May 31

4

Jan.

100

55 k May 13

May 31 115

3k May 26
May 26
4X May 31
10
May 31
25 k May 27
34
May
2
12
May 26
97
May 27
.36
May
2
24
May 26
10 k May 20
3k May 25
7k May 25
K May
2
30
May 27
29 k May 26

11H
14 X
Sale
24 k
28
111k
116K
26
Sale

Pennsylvania RR Co......50

40.

10

Alar. 25 198

Ji May 10
16 X May 27

14

12

Penn Glass Sand Corp vtc.

see page

7

59

Sale

$7 conv pref series A

25
417,100 Phelps Dodge
5,700 Philadelphia Co pref 6%..50
$6 preferred
.....
*
1,200

10

Jan.
Jan.
Jan.

135

1

26 12 k
31 25 %
2 11k
4 89
27
5X
31 22 k
24 127
27
9X
24 40
2 13 X

47 k May

47

Sale

6% conv preferred......100
170
100
35,300 People's Gas L Ac Coke

For footnotes

115

Sale

*

2,600 Peoria At Eastern........100
7,100 Pere Marquette..........100
Prior preferred.........100
5,390
Preferred..............100
4,280
*
1,000 Pet Milk
........5
43,400 Petroleum Corp
*
35,200 Pfelffer Brewing Co

15

Jan.

39X Apr. 28

Sale

Penney (J C) Co
...._.—.*
Penn Coal At Coke
.....10
Cement

11K

14 k

*

Penlck Ac Ford

Pen n-Dixie

7

39

Sale

Patlno Mines At Ent Cons

Corp

125

*

Pathe Film Corp
Peerless

9

Sale

Parke, Davis Ac Co
......,—*
Parker Rust Proof Co
2.50
Parmelee

19k

May
May
May
May
May
May
May
May
May
May

8X
20

1

Park Utah Cons Mines

Feb. 11
Jan. 14
Jan. 18
Jan. 10

85k Feb. 24 88X Jan.
Jan.
Jan.
4 100
ik Jan.
k Mar. 18

88X

4% conv preferred—....100
Paramount Pictures....
1
1st

9

Sale

Sale

.....

667,100
8,200
83,800
5,500
150,200
42,400
21,700
14,000
78,200
47,300
53,700
10,800
75,100
ii,900
43,100
8,900
8,800
386,700
3,700

1

19k
22k
38 X
26 X
4X
11X

Mar. 31

38

9X May 11
28 X May
4

6J4 May 27
25
May 12
ik May
16
May 27

4k
16K

5X

6
Sale

5
2,100 Pan Amer Pet Ac Trans
9,400 {Panhand Prod Ar Ref....
8% conv preferred......100
4,480
*
8,700 Parafflne Co Inc
150

26
30
28
26
10

76

88 k

Oil.......10

Packard Motor Car

H May 19

X May 14
X May 14
May 31 155k May 17
100
May 31 103 K May
9
22 H May 11
16 k May
54
May 25
50
May
8 k May 31
9X May 10
87 X May
" 91k May 10

99

100

94
22

Sale

Sale

Sale

9X Sale

"lx

94

Sale

Sale

24 K

—

5X Mar.
Mar.
Apr.
X Mar.
56
Jan.
ik Mar.
2X Mar.
k Jan.
4X Mar.

79K

90

...

Feb. 25

19X Jan.

Mar. 25

101

139

139

100

......

X

K

192 k

9,100 Oppenhelm Collins Ac Co. ,*
99,400 Otis Elevator............ -*
6% preferred
....
100
1,420
-*
133,800 Otis Steel
$5.50 conv 1st pref..—*
3,500
5
7,000 Outboard Marine Ac Mfg

12

100

X

i

7
12

39

Mar. 26
Mar. 29

12 Vs Mar. 31
18
Mar. 30
2
Mar. 25

7 X May 12
42
May 17

17

11
12

Jan.
Jan.
Jan.
Jan.

12

Mar. 24

10
7

4k May 11

7
27

1

9% Mar. 31

IX May 11

26

4

Jan.

70

20

9

23

9
7
20

Jan.

Alar. 31 40
99K Apr. 26 106

88

50

Preferred A

k May

Jan.

28

111

% May 20

Feb.
Jan.

79k Mar. 2
75
Feb. 23
4k Jan. 14
10 X Jan. 20
23k Jan.
7

7% Mar. 31
May 31
Apr.
5

11
11
11
7
11
7

123

98

Preferred

May
May
May
May
May
May

_

58

27 X May 11
14 k May 11

13 k
May
May
Sale
24m
Sale
2 26 K
21X May
4
Sale
2k May 31
10
7 k May 31
Sale
May 20 112
112k 111

4

2K May 24

14k May 10

27
27
27
27

20 k May
10 K May

Sale

Sale

Feb.

25

2

29 X Mar.

Mar. 31

6

23

Feb.

12

15

2

10K May 27

Sale

Sale

Jan.

27
11
1
17

23

14K Mar. 31
63

7k

14
Sale

20

27

3
100m May 18 102 k May

36

37
Sale

34

1st preferred

Pacific Western

15

Sale

26

May
Jan.
Mar.
May
Jan.
Feb.
Feb.

20

1

11
9

Jan.

43

12

31 18 k
31 15X
30 112 k
30 111K
7X
29
5K
30
23 k
31

21

3X May
10 X May 24
19
May
2
65
May 23
32
May
2

2K May 24
9K May 11
May 31

A*
Sale

Sale

3k

6
13
10
12
2
2
13
6
10
13

80

7X
5
Mar. 30
17K Mar. 29 29X
158
Feb.
3 159
130X Feb.
7 136
13 X Mar. 29 24
8K
5
Mar. 29
X
K Feb. 11
X
K Feb. 10
44X Alar. 31 62 X

72

90

ii*
21*

70k May

75

Sale

11

27
6
5
11

Feb.
5
17% Jan. 10
Jan. 31

27

Mar. 31

37k Apr.
12 K Mar.
11X Mar.
106K Mar.
105M Mar.
3K Mar.
3K Mar.
17X Alar.
11K Apr.

10
18
11
6
11

17 157

Jan.

10 X May
65

19
19
9
24
21

70

May 31

23

Sale

Sale

Sale

14 k May 31

Sale

ii*

22

§8
§i*
100*

♦
277,500 Ohio Oil Co (The)
222,700 Oliver Farm Equipment....*
72,900 Omnibus Corp vte (The) .*

26,200
454,900

Sale

Sale
Sale

70

•

\

Sale

if*

100
410,100 Northern Pacific
I,210 Northwestern Telegraph-.50
*
9,800 Norwalk Tire Ac Rubber

"]

15k
Sale

ooh
18 X

7X May
May
May
May
May
May
May
May
May
19
May
28
May
74k May

5 k May 27

Sale

6k Sale

8

.....

110

22 K
17 k May 27
158
May
6 158
157
132 k May 27 135k
132
18
13 k" May 26
13 k
6
May 31
8X
Sale
3
K May
2
k May
54 x
49 X May 31
Sale

14k

17k

*
1

120 Outlet Co

Sale

Sale

15k Mar. 31
150

7

Jan.
Feb.
Jan.
Jan.
May

12k
15 X
13k
10X
23 X

6X Mar. 30
7k Mar. 22
8k Mar. 30
6
Mar. 25

9
10
10
10
11
5

15

Sale

163
154
133 X 140

4,900 {Norfolk Southern.......100
100
10,300 Norfolk Ac Western
Preferred
.100
2,430
..*
694,100 North American..
6% preferred
50
9,900
400,800 North American Aviation...1
3,300 North Amer Edison |6 pref..*
5C
280 Northern Central

610

17

6K

100
45,500 {N Y NHAc Hartford
Convertible preferred..100
49,700
17,500 tN Y Ontario Ar Western.100
106,500 N Y Shipbuilding pt stock.. 1
7% preferred
.—
-.100
2.250
*
170 New York Steam pref 16

370

Sale

20 k

•10
10% preferred
—50
22,400 IN Y Investors Inc......,..*
320 N Y Lack Ac West Ry Co..100

7%

4k

3k

1.239,500 New York Central...—....*
44,600 N« Y. Chicago ft St Louis. 100
6% pref series A........100
70,600
*
44,600 N Y City Omnibus Corp
.100
6,640 New York Dock.......
5% preferred
.——100
11,400
1,380 New York Ac Harlem...... 50

40

5X

8k May
31
10 X May
6
10 X May
31
9X May
28
2 23 X May
May
23 154
14
May
27
May
2 75
12 41X May
18 k May
27
13 k May
2
4 112 k May
2 111k May
27
5X May
3
4X May
27 20 k May

19k
12k

*

Air Brake

New York

42

5

4,500 Neisner Bros Inc—.L_—
4M% conv serial pref...100
1,700
....
5,000 Newberry Co (J J)
950
5% preferred series A...100
170 {New Orl Tex Ac Mexico . ..100
1
371,700 Newport Industries Inc
19,100

13

Sale

108

preferred..—100

6% prior
National

Sale

Sale

16K Sale
12K Sale
07 X 109

190,800 Nat Power Ar Light
5,600 Nat Rys of Me* In pref...100
5% 2d preferred........100
14,500
......25
94,100 National Steel
227,400 Nat Supply Co of Pa......10
$2 preferred
40
32,150
SH% prior preferred—100
6,100
400

6X May
7 X May
8H May
Sale
May
Sale
19X May
152
152
May
12K
10K May
72
May
W* 40
40
May
Sale
15k May
Sale
12k May
Sale
109
May
May
111K 108
5
4% May
4 k May
Sale
18K May

Sale

72

Highest
Sale Prices

Sale

154

37 k

Lowest
Sale Prices

10

9

12k

Highest
Sale Prices

Sale

Sale

152

Lowest

Ask

Sale

9k
7k

5
278,200 Nash-Kelvlnator Corp
4,170 Nash Chatt Ac St Lou«—.100
....1
50,900 National Acme
5
49,500 National Aviation Corp
l«
233,300 National Biscuit..
7% preferred.....
100
5,000
10,000 Nat Bond Ac Investment Co.*
1,900
5% pref series A w w——100
3,500 Nat Bond Ac Share Corp...-*
70,800 Nat Cash Register
*
198,900 Nat Dairy Prod Corp
7% preferred class A..—100
1,250
7% preferred class B....100
2,740
*
28,800 National Dept Stores...
6% preferred..
....—.10
7,600
149,300 Nat Distillers Products....
2,500 Nat Enamel Ar Stamp
..1
190,300 Nat Gypsum Co
180,300 National Lead,...........10
1,400
7% preferred A
—100
6% preferred B
......100
1,070
»
28,900 Nat Mall & St Cast's Co

48,800 Natomas Co

Ask

Bid

Sale Prices

May 31

May 2

1938
Par

20,700

1

Price
Jan. 3

Jan. 1

~

RANGE SINCE JAN.

PRICES IN MAY

SALES

AGGREGATE

37

exchange-stocks

n. y. stock

June, 1938]

k

Mar. 30

14K Mar. 31
19 X Mar. 28

Feb. 25

2k Jan.

10

5

Jan.

11

24 k Jan.
15K Jan.

10

_

24

k Jan.

31

Feb.
110
Mar. 29 112K Feb.
22K Mar. 26 34 k Jan.

4K Jan.

11
15
4
9
12

12

IX Mar. 26
5K Mar. 26
17X Mar. 26

Jan.

12

37 K Jani

Mar. 23

38K Jan.

11
15

15

8K Mar. 29
7X Mar. 30
4X Jan.
3
17K Mar. 31
30

Alar. 28

60

Apr. 12

15

15

Jan.

13 K Jan.

6

11
7X Mar. 3
31X Jan. 10
37K Jan. 12
66
May 21

38

N. T. STOCK

aggregate

sales

May
Share*

Shares

3,200
21,300
40

tPhtla Rapid Transit Co
7% preferred
Phila 5c Reading C a I
Philip Morris a co
Phillips Jones Corp

130

100

250

"

i'.ooo

Jan. 3
1938

Preferred

50

90
200

10

38

May
4
295* May 27
25* May
6

15",500

23,500 Pittsburgh Steel Co.......
2,910
7% pref class B
100
2,960
5% preferred class A
100
1,220
55*% 1st ser con* pr pf.100
2,100 Pittsburgh Terminal Coal

490

480
130
100

130

590

2,100

20

Plymouth OH...
Pond Creek Pocahontas Co.»
Poor a Co class B
....♦
Porto Rlcan Am Tob cl A.
Class B
25,700 tPostal Teleg 5c CableoreflOO
150,300 Pressed Steel Car common.. 1

900

2,700
16,500

550

24,500
1,800
1,900
600

310

25

76,800
3,400
47,100
9,700
5,900

5,600
1,100
1,200

1,700
11,300

United

Conv pref (unstamped). 100
8,670 Plttsb 5c West Vlrftlnla..l00
2,900 Plttston Co (The).........

10,700

205* May 25
55* May
7
55
May 17

May
5
45* May 27
495* May 26

Sale

45* May 26
85* May 25

Sale
Sale

22

Sale
26
47

14

23

5*
6

.....100

300

710
300

1,100

*% preferred

29,800 Pittsburgh

250
'

65* May
9
235* May 19
52
May 10

26,300
5% con* 1st pref
5
15,600
5% conv 2d pref
....50
83,300 Procter 5c Gamble..
*
4,220
Preferred 5%.._
...10#
102,300 Pub Ser Corp of N J common •
10,500
55 preferred
....•
6,500
preferred
100
2,900
7% preferred
100
1,760
*"'* preferred.
100
..

15*

Sale
95
14

55
Sale

48
8

5*

1
Sale
Sale

Sale
10

10

Sale

Sale

Sale

a

Sale

15*
2*
25* Sale
55* Sale
55*

25*
5*

2 5*

Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
130
Sale

Sale

75*

175*
85*
65*
15*
5*
25*
55*
55*

Sale

Sale

16

Sale

Sale

45

Sale

Sale

Sale

Sale

*275*

91
88 J*
103
105

92
Sale

1185*
27

885*
103

116

1165* 1205* 116

Sale

136

137

112

116

134

600

700

110,200

""7", 100
77,500
1,000
2,900
1,300
2,800
600

400

2,200

1,700
$5 preferred
.*
174,400 Pullman Company..
503,200 Pure Oil
♦
7,200
6% preferred
90,900 Purity Bakeries
•
4 500 Quaker State Oil Rfg Corp. 10
932,300 Radio Corp of Amer
•
600
55 preferred B
.......*
80,100
53.50 conr 1st pref.......*
390,000 tRadio-Kelth-Orph Corp...*
10,000 Raybestos-Manhattan
*
18,100 Rayonier Inc
1
8,000
52 preferred
..25
16,000 Reading Company.
50
4,500
First preferred
50
3,300
Second preferred
50
7,800 Re"1 Silk Hosiery......
5
1,600
Preferred
..100
4,000 R®'* (Robt) a Co___
»
11700
1st preferred
100
11,900 Reliable Stores Corp
*
2,700 Reliance Mfg Co.......... 10
126,900 Rem'ton-Rand
....1
4,100
Pref with warrants
25
850 Renss 5c Saratoga RR Co. 100

1135*
Sale

13,200
1,700
130

14,800
82,100
700
800

7,200
500
10

"2~205
400

5,300
21,600
90

200

25,500
1,300
1,100
2,600

13",700
400

2,100
20
10

7,700
260

290
420

1,100
22,700
2,600
12,900
900

1,650

7,800
1,800
5,100
400

55,700
19,600
2,600
400

5,100
900

4.700
20

11,500
1,500
8,100
11,800
3,800
900

10,800
100

2,070
580
500

700

1,800
99,800
6,400
6,600
4,600
40

139,700 Reo Motor Car
5
872,100 Republic Steel Corp........*
6,000
6% cony preferred—...100
5,800
6% con? prior pref aer A 100
71,100 Revere Copper a Brass
5
3,600
®mo A
10
900
7% preferred
.......100
170
5J*% preferred.........100
26,000 Reynolds Metals Co
2,000
5)4% conr. pref....
100
57,400 Reynolds Spring Co
1
170,200 Reynolds(RJ)TobclB
1 430
Common..
10
900 Rhine Westphalia El & Pow__
182,800 Richfield Oil Corp........
6,000 Ritter Dental Mfg.........
23,100 Roan Ant Cop Mines new....
31,100 Ruberoid Co cap stock new.*
1,500 Rutland RR. pref....
100
128,200 St Joseph Lead
10
19,600 ISt Louis-San Francisco. 100
27,400
6% preferred
100
330 tSt Louis Southwestern..100
10
5% preferred...........100
60,200 Safeway Stores
•
1,460
5% preferred...........100
1,600
6% preferred...........100
3,700
7% preferred
..100
18,000 Savage Arms Corp
•
135,500 Schenley Distillers Corp....5
12,200
53* % preferred
100
125,300 iSchulte Retail Stores.....!
5,500
8% preferred
100
8,190 scott Paper
*
.....

111

Sale
Sale
16

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

225* Sale

26*

Sale

Sale

83

835*
85*
115*

Sale

115*
Sale

Sale
71
Sale

75

100

47

Sale

Sale

2

Sale

205*

5*
185*

185*

Sale

10

Sale

Sale

17

Sale

Sale

15

15

30>*

225*

30

16

45*
39

23*
Sale

8§*

Sale
72

70

May
May
26 265* May
9
May
21
May
31
May
28
May
5
May
3
May
26
11
May
5
May
31
19
May
26
95* May
26
May
27
May
19
May
28
3H May
27
75* May
26
May
31
May
4
May
3 1225* May
3
325* May
4 x92
May
5 107
May
3 xll8
May
16 1375* May

10
14
10
17
10
31
10
9
10
11
5
10
12
9
7
3
12
9
6
10
12
18
11
13
24
13
27

9
10
7
4
10
5
9
4
13
4
12
11
11

10

26*
7*

m

i

"oM
105*
845*
105*
115*
65*
775*
525*

10
2
24
27
4

27
13
23
26
19
26
5
2
4

if*
iv4
16
25
19
4

55*
65*
85*
115*

Sale

if

52

65*
95*
105*
495*

45

40

A*
Sale

17
16
16

15*
115*

15* May 21
115* May 31
405* May 27
38
May 26
85* May 31
195* May 26
67
May 19

4

37*

i!M
125*

Sale

84

55*
365*
535*
65*

65
Sale
Sale

105* May
84J* May
5
May
365* May
53
May
75* May
5
May
8
May
145* May
175* May

100

40

May

45*
75*
205*
115*
23

75
55* Sale
75*
9
15 5*
165
175* Sale

15*
295*

5*
15*
25*
6

25
Sale
* 1
2
35
18

155*
605*

5

365*
53
a6

55*
75*
145*
165*

2$
,

255*
5*
15*
25*

5*

f
6

18

6

105*
165*
66

5*
4

395*

125* Sale
695* Sale
82

Sale

745*

Sale

71
81

Sale
62
745

90

Sale

81

13
Sale
675
Sale
45
Sale

9

10
Sale

10

66
Sale

66

155*
645*

4*

5

2395* Sale

125*
605*

15

5*
45*
395*

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

27
6
2
3
25
27
31

65*
375*

2

205*

27
28
3
6
28
27
6
4
2
26
27
3
17
9
3

55

75*
65*
95*
17

May
May
May
May
May
May
May
May
May
May

i 6
10
11
3
7
10
9
10

345* May 10
5* May 14
2
May
9
25* May 6
6
May 28
16
May
5
705* May 20
82
May 31
92
May 13
12
May 11
185* May 11
695* May 14
5* May
4
55* May 12
41
May
9

If*

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
10
6
6
9
11
6
9
2
6
9
13
10
12
6
10
19
9
7
27
11
27
9
6
12
6

May 11
May
4
May J2
May 14

25

10

an.

12

46

Jan.

10

Apr.

265* Jan.

10

45

Jan.
Jan.
Jan.

6
13

25* Jan.
May
165* Jan.
5* Jan.

11
10
10
19

165*J

8

May 21

1

12

Mar. 25

May

6

3

Mar. 29

20

Mar. 28

55* Mar.
15* Mar.
5* Feb.
Mar.
1!
Mar.
41

29
26

8
30
25
Mar. 25
Mar. 30

13!

39 5* Mar. 31
117
Jan. 21
25
Mar. 25
865* Mar. 31

1015* Apr.

8

57

h Mar. 31
Mar. 31

4;

1

Jan.

85* Jan.

Apr. 28

1
48

17

Mar.

May 26
Mar. 29
Apr.
7

Mar. 26
6

15
8

Jan.

75* Feb. 26

Mar. 30
61
Feb.
2 166

11
12

3!
1:
4!
10!
10!
31;
50!
1225*
355*
985*

23 108

Mar.
2
Jan.
6
Jan. 15
Jan. 13
Jan. 22
Jan.

Jan.
Jan.
Jan.
Jan.

17
10

15
17
11

May 18
Jan. 13
Jan. 12
Jan.

6

8 1235* Jan.

13
14

112

Apr.

132

Mar. 29 143

112

Jan.

Jan.

12 1145* May
9
365* Jan. 17
135* Jan. 11
19 985* Jan. 18
29
105* May 10

215* May 27
May 26

8?"

Apr.

Mar.

7

105* May 24
45* Mar. 31
605* Jan. 31

375* Mar. 31
2
May 13
16
May 23
May 26

it*
it*

Mar. 30
Mar. 31
Mar. 22

15

Apr.

Mar. 29

Apr.

_

105*
845*
45*
335*

14

Jan.

11

29 H
275*

Jan.

41

Jan.

Jan.

25
10
21
3

Jan.

10

Jan.

95* Jan. 10
115* Jan. 12
155* Feb. 25

v&
3

205*
73

Jan.

64
17
87
10

46
58
8

Mar.

7
11

75* Apr.
145* Mar.

205

13

Mar.

23

15*
255*
5*
15*

Mar.
May
Mar.
Mar.

2

40

Mar.

Mar.
Mar.
Mar.

93

105

Mar. 31

Mar. 26

55* Mar. 31
3

Mar. 30

8

Apr. 13

65* Mar. 12
05* Apr.
1
0

3

Mar. 20
Mar. 30

Mar. 31
Mar. 30

Apr.

31
12
20

Jan. 18
Feb. 11
Jan.
Jan.

4
6

23

42

95* Mar. 30

45*
25*
25*
45*
85*

8

11
7
10
10
19
11
10
12
12
10
26

Feb.

\h

Mar.

5* Jan.
6
15* Mar. 29
55* Mar. 29
35* Mar. 29
7

18
8
21
21
7
21
11

SH

345* Mar.

0

Jan.
Jan.
Jan.
Jan.

10
15
15
13

19

85* Mar.
15
May
66
May
5* Feb.
3

Jan.
Jan.
Jan.
Jan.

Jan.

May

68

Jan.
Jan.

Jan.
Jan.
Jan.

i Jan.
Jan.
8* May
Jan.
11*Jan.

Mar.

79

Jan.
Jan.

85

Mar.

12
58

Jan.
Jan.

175* Jan.

Mar.

2
6

Feb. 24
Jan. 22

37

Apr.

4

Feb. 25
Jan. 11
235* Jan. 15
245* Jan. 11
295* Jan. 18
22
Jan. 13
Jan. 15

53«

755* Jan.

Mar.
515* Jan.
6 5* Feb.
5

16 5* Jan.

775* May

il*

5
Mar. 25
Mar. 29

2

15* Mar.
115* May
395* Mar.
38
May
75* Mar.
175* Mar.
65
Apr.

13

35

5

35* Mar. 30
41
163

10

245* Jan. 12
52
May 10
75* Jan. 17

35* Mar. 31
20

2
May
145* May
May
57
May
125* May
24
May
67
May

86

Apr. 13

85* Jan.

8

62 5* Feb.

31
5

Mar.
9
Jan. 10
Mar. 18

36

3

55* Mar. 30
95* May 10
95* Mar. 30
495* May
2
40
Apr. 28

2
10
10
9
11
9
19

50
42

18

Jan.

Mar.
7
Feb. 23
Feb. 18

6

Mar. 29

May 11
95* May
12
May
57
May 11
46
May 13

52

1

95

2

205* Jan.

5*

7

i|g




.

305* Jan.

"

May
2
May 10
May 27
May
2
May
7

11*

40

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

Mar. 26
Mar. 26

Mar. 31

1

wa

see page

2

34

72,200 tSeaboard Air Line
•
5* Sale
% Sale
5* May 14
,5* Sale
15* Sale
16,100
4-2% preferred
100
2
25*
25*
15*
15* May 26
2
93,000 Seaboard OH Co of Del
♦
195* Sale 2165* Sale
205* Sale
;165* May 31 215
4,100 Seagrare Corp (The)....
*
35*
35*
35*
35*
35*
35*
35* May 26
354
55
Sale
329,300 Sears, Roebuck a Co.
*
545* Sale
505* Sale
505* May 31 x605*
13
Sale
167,400 Servel Inc
1
125* Sale
10
105* Sale
May 27
135*
16
17
23,500 Sharon Steel Corp........ *
125*
13
12
12
May 23
50
57
3,700
55 cony preferred.........*
605*
52
485* 50
May
9
4
Sale
Sale
42,800 Sharp Ac Dohme
*
3 5*
35*
4
35* May 26
Sale
5,200
Cony pref series A
—.*
385*
42
39
Sale
39
May 20 41
48,000 Shattuck (Frank G)
75*
8
275* Sale
7% Sale
75* May 27
85*
620 Sheaffer (W A) Pen Co......*
26
235* 25
275
235* 26
245* May 23 245*
92,500 Shell Union 011
Sale
125* Sale
Sale
11
May 27
135*
10,900
Convertible preferred..100
Sale
99
1005*
100
995* May
6 1015*
63,800 Silver King Coalition
55* Sale
65* Sale
Sale
55* May 26
65*
109,700 Simmons Co
•
165* Sale
185* Sale
Sale
145* May 27 185*
18,200 Slmms Petroleum
3
10
Sale
25*
25*
25*
25* May
5
25*
6,500 Slmonds Saw a Steel Co....*
165* Sale
155*
165*
155*
165*
155* May 16 165*
58,300 Skelly Oil Co
25
28 fsh Sale
225* Sale
195* Sale
195* May 27 265*
2,100
6% preferred
...100
87
88
91
88
905*
925* 89
May 27 89
7,840 Sloss-Sheffleld Steel Ac Ir.100
75
Sale
60
Sale
71
Sale
60
78
May
2
1,600
56 preferred
97 ' 100
91
Sale
99
91
955*
99
May
2
10,200 Smith (A O) Corp
10
135*
14
185* Sale
15
15
May 10
9,500 Smith 8c Corona Typewr
*
115* Sale
11
115* Sale
11
145*
May 27
12,100 Snider Packing
11
Sale
._......*
95* Sale
85* Sale
85* May 31
10
673,500 Socony Vacuum Oil Co Inc.15
135* Sale
145* Sale
12
125* Sale
May 23
145*
Solvay Am Corp—
8,000
5H% preferred
100 110
114
111
1115* 1115* 113
1115* May
5 112
107,900 South Amer Gold Ot Plat
I
1
25* Sale
15* Sale
15*
2
15* May 27
25*
23,000 So Porto Rico Sug
22
Sale
I 20
Sale
165*
175*
165* May 24 20
2,160
8% preferred.....
100 128
131
133
1315* 150
150
133
May 25 1355*

Fat footnotes

7
6

50

Sale

....

900

200

3

6
27
26

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

Public Service El a Gas—

27,500
65,400
1,500
22,500

May
355* May
25* May

Highest

Mar. 29
Mar. 30
38
May
4
275* Mar. 31

__..._10«

30 Pitts Ft W & Chic Ry
100
84,100 Pittsburgh Screw «t Bolt..

1,100

40

55* May 27
215* May
4
50
May
7

*

5

150

800

25*
5*
755*
45*

5* May
5
935* May 11

1

Highest
25* Feb. 19
45* Jan. 12

15* Apr. 25

35* May 16

*

8,000 Pittsburgh Coal (of Pa)
100
4,700
6% preferred
..100
5,100 Pitts Coke & Iron Corp
♦
1,025
S5 conv preferred
*

1,200

Lowest
Sale Prices

25* May 12
5* May 31
86
May
3

•

100

Preferred

Highest
Sale Prices

50

12,500 Pierce Oil 8% coot pref
100
12,500 PUsbury Plour Mills.......25
1,270 Pirelli Co of Italy Am shs

2,700

Lowest
Sale Prices

May 31

May 2

i

299,900 Phillips Petroleum
900 Phoenix Hosiery.........

38.900

range since jan.

Price

N. T. STOCK EXCHAN QE

1,370
2,700
25,300
149,100
1,100

"""450

PRICES IN MAY

STOCKS

Since
Jan. 1

In

EXCHANGE—STOCKS

5

Mar. 30
Mar. 31

Jan.
4
Jan. ril
Jan. |24

Jan.
Jan.
Feb.
Jan.
Feb.
165 Jan.
20
Jan.
66
Jan.
55* Jan.
48
Jan.
9
Feb.
27
Jan.
18
Jan.
101
Jan.
9
Jan.
Jan.
24
3
Jan.
22
Jan.
Jan.

2

27
5
65

3
13
25
14
25
12
11
14

10
14
17
27
11
27
11
11

17

13
10

4

Mar. 31

93

Feb.

1

5

Mar. 28

825* Jan.

1

May

2 100

3
0

Apr.

8

12
13
10
15
15
10

Mar. 31

85* Mar. 29
05* Mar. 31
111

Apr. 14

15* Mar. 29
May 24

16^
128

Jan.

Jan.

205* Jan.

155*

13

Jan,

J* Jan.

165* Jan.

1135* Feb. 28
35* Jan. 13
28

Jan.

10

4 1405* Mar. 26

N. T. STOCK

June, 1938]

Since

May

STOCKS

Shares

9,200
108,500
32,500
32,500
"

400
'

700
150

7,200
700

n. t. stock exchan

"3",400

Sale
27

205,900
16,500
97,500

Sperry Corp (The) r t c
Splcer Mfg Co

Sale
Sale

8%
75

Sale

Square D Co class B- —
$4.50

preferred

Sale

106%

........

1

$ Stand Com'l Tobacco

AY*

$6 prior
$7 prior

3

Sale

^Standard Gas Ac Elec—..
$4 preferred
....—*

39

Sale

Sale

73",800
400

5,900
8,100
500

78,700
24,200
2,600
100

12,900
8,200
14,200
3,000

2,100
200

10,700
4,400
8,800
7,500
700

30
800

1,500 Standard Investing Corp—*
*
240,900 Stand Oil of Calif
202,300 Standard Oil Co of Ind—25
10
1,600 Standard Oil of Kansas
25
504,100 Standard Oil ef N J
5,100 Starrett Co (The LS)
•
30,500 Sterling Products Inc.. ..10
64,700 Stewart Warner Corp......5
II,700 Stokely Bros Ac Co Inc
1
*
321,000 Stone Ac Webster
231,600 Studebaker Corp.. ........1
*
16,800 Sun Oil
1,560
6% preferred...........100
122,100 Sunshine Mining Co.......10
37,200 Superheater Co (Thai-....-*
153,100 Superior Oil ..............-1'
31,600 Superior Steel
10''
15,400 Sutherland Paper Co......10
1,020 Sweet* Co of Aiaer (The) —50
25
75,500 Swift Ac Co
27,700 Swift Internet Ltd
Symington-Gould Corp with
stock purchase warrants. 1
71,400
Without warrants........1
59,500
3,700 Talcott (James) Inc—...—9

450

7,800 Telautograph

10,600
83,200
15,000
10,100
12,900
16,200
1,000
1,100

66,200
551,800
104,500
76,400
144,500
244,600
13,000
7,600

100

500

•4,000

Corp........5
5
(The)
.25
Texas Gulf Producing Co—*
Texas Gulf Sulphur
*
Texas Pacific Coal At OU—18
Tennessee Corp

300

120

40,400

'""500

6,900
5,500
32,200
42,300
4,600
204,600
II,900
62,400
69,000
158,200
101,200
13,700
143,400
1,900
26,200

Texas Corp

Tex Pac Ld Trust ctfs
Texas Ac Pacific
Thatcher Mfg

7%

,5,900
5,000
900

41,300
2,900
6,400
7,500
15,700
30,000
1,800
15,200
100

2,800
100

24,700
1,000
1,200
530

7,500
700

2,200
15,900

79,000
15,500
8,700
1,300
5,100
166,200
99,500
300

4,700

700
30

15,700
700

6,400
54,800
600

2,400
4,800
800
200
230

1,400
12,700
100

2,000
200

6,000
1,300
7,300
600

32,400
15,500
200,600
61,200
4,600
600

40 K
Sale

19

24
Sale
Sale
Sale
Sale

9

10
.........100

Sale

Sale
9% Sale
4% Sale
47 %
51
7%

12

Sale
Sale

27
2%

Sale

121

Sale

14

% Sale
17%
21
8%
10%
16% Sale
23 % Sale

8% Sale
6% Sale
6%
7
41

4%
6

39

49

4%
Sale
Sale

3% Sale
27

Sale

7% Sale
8% Sale
18% Sale
19

Sale

55

63

3%

Sale

63

Sale

R)—.......25
Thompson Products........*
Thompson-Starrett—
*

58
7

6%
7%
4%
48
L24

11%
20%
2%
10%
193*
7

16%
25

6%
4%
5%
36

1%
2
% Sale

4

Tlmken Roller Bear—

Transamerica Corp

new....2

Tranac & West Air Inc

5

Forg*
Corp......*

Tran Ac Williams Steel

Trl-Contlnental

1%
3%

2%

34

11

Sale

Preferred........—..—100
*

United Carbon

Corp.*
*

United Corp.

Preferred
United Drug

Inc...........5
........10

United Dyewood

108

Preferred...

41,100 U S At Foreign Secur Corp
Preferred
2,000
800 U S Dlstrlb Corp

.........

U S Smelt Ref At Mg_._..

Preferred.............

5%
7%
3%

5%
4%
5

36

Sale
Sale
5%
44

Sale

4%

5%

6

2%
a80

88

4%

3%

4b
8

Sale
82

I°5*

Sale

20

Sale

Sale

Sale
Sale

Sale
116
Sale
19

24%

18%
29*

3b
27 *1

26

6%

Sale

A*
Sale

Sale

Sale
Sale
Sale

73
Sale
Sale
Sale

9

116
Sale

Sale

Sale

Sale

Sale

6%

80

73

Sale

Sale

Sale

Sale

30%
Sale

Sale

Sale

Sale

105

5

II*

.50

lb
7b
Sale

Sale

Sale4
7

Sale

Sale

Sale

169%
5%

32

25

Sale

Sale

Sale

6
28
4
12
2
27

10
9
12
11
2
10
9
9
5
2
10
6
11
11
26

May
7
Mqy 10

5
May 13
6% May >6
40% May 10
3 X May 10
31% May 12
9% May
6
9
May 23
18% May 10
17
May
5
53% May
4
3% May 12
50
May 19
3% May
9

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

6
1%
17
12%
21
27
26
21
3
23
38
31
10%
27
6%
3
6%
27
27
3%
10 a80
4%
27
6
24
27 22%
30%
5
3%
28
31
31
7%
2

27
2
27
27
17
2
5
2
27
31
3

iVi

ll'4

May 25
May 25
May
2
May
4
May
3
May
2
May 25
May 26
May 27
May
2
May 17
May 26
May 27
May
4
May 27

Sale

15
Sale

9%

2
27
27
27
31
27
27

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

7% May 10
5% May 10
6 % May
4
39% May 23

May

78

Sale
Sale

3

Sale

Sale

10
11
9
11

% May 24
May
9
May
6

May
May
May
May
May
May
May
May
May
May

10

Sale
Sale

1%
47%
9%
62%
19%

Sale

31
31

10
10
19
3

Highest
Sale Prices

24% Jan.

4%

Sale

Sale

75
Sale

Sale
Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
Mqy
May
May

May

May
May
May
May
May
May
May
May
May
May
May
May

17
17
11
10
10
7
13
10
9
9
10
11
11
10
4
24
18
17
12
10
12

2% May
6
50% May 11
10% May 10
70% May 10
20
May
7
68
May 11
75
May 20
21
May 20
28% May
7
9% May 10
9% May
5
2
16% May
112% May 25
46% May 11
15% May 11
3% May 11
32% May 11
6
May
7
6% May 18
73
May
7
5
May 19
30
May
6
65
May 11
11
May
9
106
May 19
9
4% May

27
6
16
31
24
78
31
9 165
20
20

2fM

27
24
27
31
27
2
27
27
27
6

May
May
May
May
May
May
May
May

19

5

8%
65%
34%
5

30

ll'4
61%

May
May
May
May
May
May
May
May
Mqy
May
May
May
May
May
May
May
May
May
May

10

22

Jan.

13
21

19% Mar. 31
9% Mar. 31
5% Mar. 30
8% Mar. 30

Jan.

12
12
10
14

19% Apr. 13
2% Mar. 29
Mar. 30
Mar. 25

46

4

Jan.
Jan.

32

29
2

Mar. 26

3% Jan.

10

Jan.

21
12
12

Jan.
Jan.

Mar. 14

24

19% Mar.
15% Mar.
7% Mar.

22% May 19
10
5

Jan.

29

Mar.

Jan.

6%
48%
12%
6%

Mar.
May
Mar.
Mar.

Jan.

10

Feb.

26
11
10

94

Mar.

21% Jan.
9% Jan.
107% Feb.

5

Jan.
Jan.
Jan.

10
12

4% Mar.
10% Mar.

5.
11*
22

Jan.

13

Mar.

26

Jan.

14
12

%
25%
24%
32%
39%
17%

May 24

13
12
7
35% Feb. 15
54% Feb. 24
Jan. 15
26

3

AS.

49

Mar. 31
Mar. 30

Apr.

8

Mar. 31
Mar. 29
Mar. 29

6

May 31
5% Mar. 30
5% Mar. 29
3% Mar. 30
45

Mar. 29

1

17% Mar. 30

Jan.

11% Jan.
Jan.

57% Jan.

9

27

5

Mar. 31

34

Apr.

4%
3%
32%
2%

Mar.
Mar.
Mar.
Mar.

26

Mar. 30
Mar. 30

7

4
31
30
30
29

6% Mar. 31
13
15

Mar. 31
Mar. 30

53% May
4
2% Apr. 13
35
Apr. 12
2% Mar. 31
Mar. 24

1

Mar. 31

3%
8%
1 %
5%
10%
77%

Mar.
Mar.
Mar.
Mar.
Mar.

8
4

3%
5%
16%
25%
2%
16

6

11
11

7

Jan.

47

Jan.
Feb.

34
10
11

Feb.

Jan.
Jan.

24

Mar.

24

Mar. 31
Mar. 31

Mar. 30

19% Mar. 30
5
Mar. 30
6% Mar. 31

10
1

Feb.

58

6P
it"
2

23
Feb. 21
Jan. 17
Jan.
Jan.

13
12

Mar. 24
Jan.

Jan.

25
29
Mar. 30
Mar. 25

18
10

18
11
11
Jan. 10
Jan. 19
Feb. 21

t*

3

17% Mar. 31
55% Mar. 31
59% Apr. 20
20

10% Jan.
8% Jan.

13

7% Mar. 30
57

10

28
30

8
28
31
29

10

12

Jan.

1% Mar. 26
41

Jan.

Jan.

Mar. 30
Mar. 30

13
11
10

Jan.

5

Apr. 29

Feb.
Mar.
Mar.
Mar.
Mar.
Mar.

Jan.
Jan.

15

4% Apr.
1
2% Mar. 30
80

Jan.

28

8
Mar. 31
31% Mar. 30

13

Mar. 10

30

29

12
24

Jan.

Mar. 30

4% Mar. 30
3% May 27

Jan.

13
12

24% Feb. 25

Apr. 13

7

Jan.

62% May 12
11H Jan. 12

22% Mar. 30

15

12

33% Jan.
35% Jan.

L19% Feb.
8 125
14%
9% Mar. 31
29%
17% Mar. 31
3%
.1% Mar. 26
17%
8% Mar. 31

15

Sale

2

5
May 27
3% May 27
5% May 27
39
May 23

4% May
5
May
34% May
3
May
c28% May
7% May
7% May
16
May
15% May
53% May
3% May
40
May
2% May

Sale

Sale

23%

^

90

....

5,800

6

Sale

...

44,400*

60

Sale

9%
5%
5%

26%
6%

2

19
19
10
2
10
10

50
43% May 27
24
18% May 31
62%
2
Sale
57% May
6
7%
May 28
Sale
6
6%
May 12
6
9%
6% May 27
Sale
May 27
Sale
51
May
2
50
124
May
3 125
11%
5
10% May
11
24
17% May 31
Sale
2
2%
May 27
Sale
12%
9% May 27
10
5 24
21% May
Sale
7%
May 26
8
16%
3
15% May
Sale
24% 23% May 27 26%

Sale

30
3

38%

2 103
1%
4%
8%
May 31
19%

May

May
May
May
May
May
May
May
May
May
May
May
May
May
May

42

lh
43i

21

Sale

17%
7%

1% May 10
2% May 2
6
May 27

Sale

19% Sale
Sale

99

hV4
sfK

12
10
10
11
10
13
11
2
7

30

26 %

•

100
Preferred
3,630
...—
17,100 U S Freight
96,000 U S Gypsum Co.......... I20
960
7% preferred.......... 100
-.5
19,400 U S Hoffman Mach
5%% conv pref......... .50
1,100
»
54,700 U S Industrial Alcohol—
19,000 U S Leather............. ~Jm*
*
Class A................
55,300
Prior preferred......... 100
3,400
28
113,700 U S Pipe At Foundry.....
*
130,300 U S Realty At Impt......
10
1,645,000 U S Rubber
8% 1st preferred....... 100
441,200
_

Sale

3b

6

Sale

*

........

40*

52

Sale

United-Car r Fastener

For footnotes see page

9%

88

.........*

6% preferred

5
77,240 United Electric Coal Cos
5
13,200 United Eng Ac Foundry
........*
39,700 United Fruit....
310,900 United Gas Impt Co........*
Preferred....
......*
6,400
10
21,000 United Paperboard Co




77

Sale
Sale

Trass Traer Coal

*
6,900 Ulan At Co
20,500 Underwood Elliott Fisher..*
97,100 Union Bag At Paper, new ..*
399,300 Union Carbide Ac Car ......*
25
89,300 Union Oil, California
..........100
60,300 Union Pacific
4% preferred...........100
12,000
17,800 Union Tank Car
-.5
893,900 United Aircraft Corp.
251,100 United Air Lines Transport-5
2,100 United American Bosch....*
*
18,000 United Biscuit of Am..

870

88

10 X
39 %

Sale

6% May 26
48% May 26
15% May
2
7
May
2

22%

May
May
May
May
May
May
May
May
May

44% Sale
18% Sale

Sale

2% Sale
13
Sale

5% Sale
6%
7

30

Sale

11

82

5%

Sale

3

9

*

„

40

13

18
*

2

May 26
May 21

% May 24
25% May 27
27% May 31

Sale
Sale
16
21*<
57

10 %

...

8

Sale*

26%
27%

Sale

14 %

$4.50 conv pref

Sale

8%
8%
13%
16%
53%
3%

.......*

Timken-Detroit Axle Co

19% May
34

16% May

49
Sale
124% 123%
10%
Sale
17%
21%
2
Sale
9%
Sale
21%
21
8
6%
16
Sale
Sale
23%

29

Tide Water Assoc O11......10

Preferred...

22

May 19

14

Sale
Sale
Sale
Sale

.Sale

12

Sale

4%
6%
36%
3 %

8%

$3 div cony pref—...

Thompson (J

120

113,400
26,700
10,000

30
45 %

4

Third Avenue

35,800
8,100
566,700
90,200
58,700
29,100

500

42
44% Sale
20%
22
54
54J4
31

56

1

$1.50 preferred...........*
11,940
17,400 Twin City Rapid Transit—*
Preferred..—..........100
6,590
...1
56,100 Twin Coach Co....

10

1
Sale
Sale

*

....

Thermold Co..

....*
10
3,500 Truacon Steel Co
113,300 20th Cent Fox Film Corp...*

3,900

K
28%
29 K

preferred..........100

The Fair Co

200
400

—1
100
......*

$3.60 cony preferred......*

510

3,100

./v

....50

5%% preferred

1
28 %

1%
Sale
33 % Sale

22

Sale

Sale

25

3%
37%
2%
6%

Sale

'

400

44,800
24,600

27

22%
14%
8%
14%

35% May 31
2
May 21
5% May
5

3

6%
14

Sale
22

Sale

27

17%

Sale

preferred........*
preferred........*

Sale

6% Sale
s50 % Sale
15%
16
7
Sal6
98% 101
1% Sale

Sale

Standard Brands..........

Sale

8%

Sale

Conv $4.50 pref

May 27
May 18

35

41

cony

20

Sale

20

22
Sale

preferred A
Spiegel Co Inc
.......
S3

May
May
May
May

22

Sale

...

27
26

20%
9%
6%
9%

2%
3%
35% Sale
2% Sale
5%
6%
48%
75

3%

Lowest
Sale Price

Sale Price

Sale Prices

20

Sale

Spencer Kellogg 9c Sons...

Ask

20% 20%
10% Sale
7% Sale
10% Sale

Sale

15.50 preferred...—....

Highest

Lowest

May 31
lid

Sale

56,400 Sou California Editon
724,200 Southern Pacific Co
1
296,500 Southern Railway..
...
156,850
5% preferred
—...1
I,800
Mobile It Ohio certlfe—I
3,500 Spalding (A O) At Bros
I,360
let preferred
....
80,800 Sparks Wlthlngton........
5,600 Spear Ac Co—
—

632,400
10,700
3,250
259,400
8,230
44,800
320,500
13,900
47,100
118,300

21,900
1,510
4,900
34,300
3,500
5,900
26,900
52,000
3,100
33,800

May 2

~Ask

*""300

300

ob

1938

119,200
1,400

1

Price
Jan. 3

Jan. 1

Shares

RANGE SINCE JAN.

PRICES IN MAY

AGGREGATE SALES
In

39

EXCHANGE—STOCKS

ll4

Jan.
Jan.

13
12
15
8
11
6

13*

Jan.

13
11

48

Jan.

11

Jan.

12

12*

Jan.

15
10
12
10
83
Jan. 10
10% Jan. 11
Jan. 25
24 1
31% Feb. 23
Jan. 13
6
44
Jan. 11
10% Jan. 12
7

Jan.

9

Jan.

4

Jan.
Jan.

59*f
ll*

Jan. 13
Feb. 23
Jan.

Mar.

12
1

21% Feb. 23
Jan. 12

if%

Jan.

6

12
7
9% May 10
10% Feb 26
19% Jan. ll
Jan.

im May

14% Mar. 31
110% Jan. 20 114

Mar. 29

4

49

Feb. 23

1

19

26

3

22% Mar. 31
4% Mar. 30
4% Mar. 29

32
7
9

Jan.

60

80
6
35

Jan.

39

Jan.

'I*

1
3
Mar. 26
21% Mar. 31
50
Mar. 31

Apr.

8% Mar. 30
100

3

Jan.
Jan.

10
8

May 11
Jan.

Jan.
Jan

12
10
10

11
12

65% Feo. 25
5
11% Jan.

Jan.
Mar. 14 106
Mar. 26
5% Jan.

3
12

Jan.

17

8%
1
4% Apr.
9
62
6
74%
May
12
% May 16
16
3% Mar. 26
5
10
5% Mar. 30
11
78
55
Mar. 31
10
9 162% Mar. 28 169
8*
4% Mar. 29
10
35
25
Mar. 22
20
23
13% Mar. 31
10
6
3% Mar. 30
11
10
5% Mar. 26
11
66
50
Mar. 29
16
21% Mar. 30 34%
19
2% Mar. 31
12
21
Mar. 31
11
3
45% Jan.
10
71
x44% Mar. 31
9
70%
Mar. 31
25 x55

Feb, 21
Jan. 18
Jan.

12

Feb.

15

May 10
Feb.
Jan.

Jan.
Jan.
Jan.
Jan.

Feb.

9
11

12
15
13
13
18

May 19
Jan.

10

Feb. 25

Mar. 21
Mar.
8
Mar.
5

40

N. Y. STOCK EXCHANGE—STOCKS
SALES

AGGREGATE
In

Since

May

Price
Jan. 3

Jan. 1

Share*

PRICES IN MAY

STOCKS
N. T. STOCK EXCHANGE

Shares

238,300
19,700
2,500

1938
Par

2,031,060 United States Steel
101,400
7% preferred
16,100 U S Tobacco new

210

100

1,290
7% pref new
34,300 United Stockyards Corp

3,600
6,900

53% Sale
105% Sale

4

1
*

aIH

3,200
16 conr preferred
*
5,100 Universal-Cyclops Steel....1
*
3,200 Universal Leaf Tobacco

1,600
400

70

560

150

Preferred

100

50

330

12,200
3,700

140,500
19,400
570
10,000
4,300
95,600
66,400
2,280
1,610

100
700

3,700
5,200
5,700
360
80
140

650

Preferred

430

4x
Sale

Sale

30

1%
%
20

147*

134

34 >
Sale
Sale

34

17

15

Sale

12%
18%
106%
32%

Sale
41

5
*

preferred

100

Virginia Elec Ac Power 4% pf»
Virginia Iron. Coal Ac CokelOO
5% preferred..

......100

Detlnnlng....... 100

7% preferred..........100

.

%
Ys

105

5

6%

1%

54%

32
Sale

100

Va Caro Chemical

4

1%

8

Vlck Chemical Co

980 Vulcan

20

39%
91%
32% z32
45% 41%

11
Sale

Victor Chemical Works

1,800 Virginia Ry Co pref......100

""loo

Sale

38

97

1st preferred

Highest
Sale Prices

Sale

139

Vanadium Corp of America.*
Van Raalte Co
5

7%

Lowest
Sale Prices

AH
50

100

......

Highest
Sale Prices

40

1,380 Universal Pietist pref
.100
57,400 ^Utilities Pow & Light A
1
20,200 Vadsco Sales Corp.......
*

11,500
1,600

Lowest

Sale

25

46,500 United Storeo A

600

Ask

14

3% Sale
22% Sale
108

2%
18

113

108%
2%

3%
4%
10%
18
114% 118
49%
57
119
125

1

Sale Prices

May 31

May 2
Ask

Bid

RANGE SINCE JAN.

7
41

118

May
May
May
May
May
May
May
May
May
May
May
May
May
May.
May
May
May
May
May
May
May
May
May
May

31 46%
31 99
27 34
5 44
31
4%
2
27
27 40
10
27
27 59%
11 136
17 37
1
26
%
18

27
16%
2 21%
31 106%
27 z34%
19 15%
28
3%
26 23%
2 110%
3
6
19
9%

May 10 43
May 23 118

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

9

12
15
26
3
12
12
2

10
10
3

6
9
4
10
10
31
13
12

10
10
11
9

9

May 25
May 23

38
Mar. 31
62% Jan. 25
91% May 31 114% Jan. 10
29% Mar. 30 34% iviar. 5
40
Apr. 25 44
May 26
5
Feb. 24
3% Mar. 30
1% Mar. 26
2% Jan. 10
37

Feb.

3

42

Feb.

25

8

May 27

13% Jan.

14

48

Mar. 31

60^

Mar.

4

134

May 11 147% Mar. 11
Jan. 12
27% Mar. 30 54
1
Jan
% Mar. 30
7
1
Jan. 10
% Jan.
3
16

Mar. 26

25

Jan.

11% Mar. 31 20:
14% Mar. 31 z23^
97
Jan. 19 106%
30% Mar. 30 42
14
Apr.
9
15%
5%
2% Mar. 29
15% Mar. 30 32%
105
Mar. 30 110%
1% Apr. 13
4%
15%
5% Mar. 26
100
Mar. 29 120%
_

37

Mar. 31

117.% Jan.

57

Jan.

Feb.

17
12
15

May 31
Jan.

22

May 12
Jan.

21

Jan. 21
Mar. 19

Jan. 20
Jan.

11

Feb. 28
Jan.

10

11 118% Mar. 21

*

•

2,100
1,500

28,500 t Wabash
Preferred
32,900
390

"2",200
1,300
800

28,900
2,700
900

5,100
4,200
1,200
32,800
290

11,600
900
v

2,100
1,700
6,300
300
60

2,600
100

300
530

1,260
230
360

15,200
1,500
100

1,000
1,100

14,900
12,000
138,600
360

2,500

u.

11,700
23,000
5,200
255,400
31,900
4,700
16,800
43,200
8,150
417,800
3,880
91,800
5,200
13,400
20,100
52,100
12,200
1,430
22,000
2,400
1,060
3,300
3,200
1,790
3,270
46,000
34,800
3,300
7,300
18,900

900
60

10,400
10,500

200

10,800
1,700
1,500
1,500

1,500
12,500
5,400
6,200
300

5,900
46,300
15,400

240

4,500
46,400

4% % pref with

100

warr

7

Preferred
Ward Baking class A
Class B__

..*

conv

41
18.
Sale

2% Sale

5

39
Sale

Sale

preferred.....*

36

Sale

29

3%
10%
16%
13%
24%

Sale
Sale
Sale
Sale
25

2%
10%

Convertible preferred....*
Warren Fdry 8c Pipe..

*

Waukesha Motor Co

5

Wayne Pump Co...

1

Elsenlohr

34

conv

1

100

6% preferred

...100

8*

...»

Preferred.......

24% Sale
23% Sale
99% Sale
130
14

15

32

34%

100

Sale

24

Sale

rnmmrnmm

85
22

90
Sale

80
57

105
63

14

16

8% Sale
9%
10%
1

y&

12%

5

50
36

preferred "A".

IOC

Prior pref 4%% series..100
5,900
Prior pref 4% % conv ser 100
9,400
8,350 Wright Aeronautical Corp..*
*
10,400 Wrlgley (Wm) St
14,600 Yale Ac Towns Mfg Co.....25

Sale

13%

2%
2%
2% Sale
4% Sale

100

preferred.

m — — — •

12%

Sale
58

13%
Sale

*
*

75

100

2%
2

52

IV
Sale

66%

Sale

63
Sale

25

27

11% Sale
78%
88%
12% Sale
29% Sale

2% Sale

Itt

3
3%
"

■'

iy°

4

Sale
3*
36%
11%

13% Sale
45% 49
28%
32

37

75
67
25

86
26

10

Sale

75
10

Sale

26

Sale

70

Sale

65

Sale

12% Sale
9% Sale
3% Sale

y

9

Mar. 31

16% Mar. 31
11

Mar. 30
Mar. 30

17

1% Mar. 26

24
28

Mar. 26

1% Mar. 31
5

1% Jan.
25% Mar.

9

71
70

9

3

116

Mar.

111% Jan.
12% May
2% Mar.

2

20
14

3

11

14

Jan.

17

17

3

Jan.

12

13

Jan. 28
Feb. 24
Jan. 24
Jan.

3

3
3

121

llf*

r

Mar.

Feb.
1
Mar. 24
Feb. 23
Jan. 10
Jan. 10
Jan.

11

3% Jan.

11

28% Jan. 10
27% Jan. 15
109% Jan. 15

16% Mar.
15% Mar.
61% Mar.
103

Jan.

97% Jan.

% Mar.
1% Mar.

11

Jan.
Jan.

102% Jan.

Mar.

10

Jan.

13
18
10
13
13
13

Jan.

102%

Apr.

17

4%
13;
24;
173
29%

75

Apr.

74

31

40

35

82% May

10

Jan.

140

Mar.

Jan.

27

17% Jan.
32% Jan.

15

10

Mar.

15% Jan.

18

20

Mar.
Mar.

9% Mar.

5

Mar.

95

Jan.

4

May

59

Jan.

14

12

Mar.

15

Jan.

Mar.
May
Mar.
Mar.

13 H Jan.
Jan.

13
12
21

Jan.

22

2%
1%
3%
3%

Ex-rights.

47%
31

33
76

66%

102

Sale

20

3% Jan.

7% Jan.

13 % May 26
8% May 10
8% May 12
1% May 14
13
May
4

Sale

14%
11%
4

10
10

3% Mar. 26

16% Jan. 15
48

42

IV

42%

66

Sale

10
10
10
31
12

2

44% Jan. 15
19% Feb. 18

75

12%

27
31
85

23

Mar. 26
Mar. 26
Mar. 31

42" May~27

May
13
May
6% May
7% May
1% May
11
May

Sale

aV/&
Sale

7
13

Mar. 31

8

10
81
24
8% Feb. 23

60

'

15
12%
7 K Sale
8%

4% Sale
4
3%
35
37%
12% Sale
41% Sale
14% Sale

17% May 18

H

4

17

42

49

iV

26

Jan.
Jan.
Jan.

11
11

13% May
5
25% May 20
60
May
3
70
May 12
19
May 10

60
66

70

45

30

Jan.

Jna.
Feb.

May
3
May
4
15% May 27

105

45

60%

11% May 26
24% May 26

Sale

*
No par value, a Deferred delivery, r Cash sales,
x Ex-dividend,
d Change of name from International Printing Ink Corp.




13%
24%

17

Mar. 29
4% Mar. 30

10

2J
43
33
83
203

31% Mar.

IV

37
45
Sale

23

18

67% May
115% May
13% May

116

Sale

13% Sale"
2% Sale

1

106

Sale

68% Sale

100

100

preferred

B

Sale

1

*
86,300 Youngstown Steel Door
127,300 Zenith Radio Corp
._...*
89,000 Zonlte Products Corp.
1

5H%

1%

60
30
36
81

8% Sale
68%
81%
13% Sale
37% Sale
73%
80

800

5%
%

2

33
75

74

10

10
11
13
11

3

60

23

May 31 22% May
2 82
May
4 122% May
5
15% May

12%

7H

IV
IV

5% Mar. 31

14% May 31

9

77

3%

11

5

18

24% May

May 10

77% May 10
82% May 28

114

fig

7
May
16% May
79
May
7% May
39
May
18% May
14
May
2% May
33
May
5% May
32
May
2% May
9% May
23% May
13% May
24
May

May
6
May
3
May
3
May 31
May 24
May 14
May
9
May
5

75

Sale

Mar. 21

1% Mar. 23
Apr. 22

9

19% May 31

75
79

1

4

1% May
1% May
May
May
79% May
93
May
80
May
121
May
U5H May
May
3% May
5% May
May
2% May

119%

112

May 19

1% May 24
May 28
27% May 31

1%
Sale

18

12

5% preferred............30

76

5% May 23
36% May 26
17% May 18
10
May
2
2% May 23
29% May
7
4% May 26
27% May 3
2
May 23
8% May 17
20
May 27
12% May 26
18% May 27

4%

100

Class A

6% May 27
14% May 31

3

100

Westvaco Chlorine Prod

1,188,400 Yel Trk 8c C'ch class
7% preferred
3,910
37,400 Young Spring & Wire
446,100 Youngst'n Sh Ac Tube

13

100

6% preferred......

7%

Sale

21

Sale

..100
......

Sale
Sale
Sale
Sale

1 % May
2% May

1 %

112* 114

West Penn Pow pref 7%..100

Western Pacific

4%
28%
2%
9%
19%
11%

1% May
6
2% May 25

78
119% 120

6% preferred
........100
Western Auto Supply Co..10
Western Maryland

34

Sale

M

7% preferred

cum

Sale
Sale

oly*

West Penn El Co "A"

96

12%
21%

29

19

22

30

preferred

Second preferred

31%

1%

*

...

Wells Fargo 8c Co
Wesson Oil 8c Snowdrift

10
44,100 Woodward Iron Co....
213,300 Woolworth (F W)....... ..10
88,500 Worthlngton P Ac M......100

180

Sale

6

5
15,200 Wilcox OH 8c Gas
60,700 Willys-Overland Motors....1
33,200
6% conv pref
10
•
132,900 Wilson 8c Co

9,900

Sale

36

fWarren Bros

Webster

10

1%
2%

1%
2%
6%
6%
14% Sale
73%
78
5% Sale
36% 36%
18%
18%
10
11%
2%
2%

100

7% preferred
Warner Bros Pictures

93.85

40%
18%

•

....

1%
2

18% Sale
72% 74

Co

Walker(H) Gooder Ac W Ltd.*

35 conv prior preferred
•
1,200
2,200 White Dental Mfg Co (S S).20
160,100 White Motor Co...........1
9,100 White Rock Mln Spgs ctfs..*
*
26,200 White Sewing Mach
Convertible preferred
21,000
*

200

11,500
7,500
2,800

._.—_*

370

70

1,300
1,500
1,750
1,800
.700
78,900

V

........

70,600 Wheeling Steel Corp..
800

"""ioo

Waldorf System

100 Wheeling & Lake Erie Ry.100
5%% conv pref
100

70

5,200

2% Sale

100

Walgreen Co
Walworth

2% Sale
3% Sale

100

...

100
143,000 Western Union Teleg
*
114,800 Westinghouse Air Brake
613,900 Westinghouse El 8c Mfg..50
7% 1st preferred
50
2,420
*
14,600 Weston El Instrument...
290

""500

.100

A

Preferred B

26

9%
75

10%
25%
70%
12%
9%
3%

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

27
5
27
26
26
27
21
23
28
26
27

27
4
27
26
19
27
27
2

26
27
31
31
27
23
27

27
25

2% May 10
May
2

2

4% May
4

May

40% May
15
May
44% May
17% May
58
May
32% May
40
May
91% May
69% May
28
May
12% May
81% May
13% May
33% May
70% May
16% May
12% May
4
May

6
6

12
10
16
11
7
11
11
5
12
9

10
20
10
10
23
11
10
2

65

x'27

60

90

Apr.

14% Mar.

6%
7%
1%
8%

3

Mar. 24

32

Mar. 30

10% Mar. 29
Jan.

3

11% Mar. 29
42
27

9
Mar. 19
Jan.
4
Jan. 12

21% Jan. 24

1% Mar. 30
1% May 23
3% May 31

36

Mar.

Mar. 29
Mar. 28

2% Feb. 25
3

6%
5%
60%
19%
44%

Jan.
Jan.

10

Jan.

6

7

Jan. 21
Jan. 17
May 16

20

Feb. 25

66

Jan.

25

35% Feb. 24

28% Mar. 30
55% Mar. 30

46

Jan.

94

Jan.

61% Mar. 31
20% Jan. 31

69% May 12
29% Apr. 18
15% Jan. 21

8% Jan.
71

3

Mar. 30

93

10
10

Jan.

11

Mar. 30

18% Jan.
43% Jan.

10
12

62% Mar. 31
11% Mar. 29

75

Jan.

26

22% Jan.

10
12

9% Mar. 31
24

9

Mar. 31

2% Jan.

J Companies reported in receivership.

3

17% Jan.

5% Mar.

7

If Called for redemption.

RANGE OF

May 31

$31,329,000
227,643,000

$33,214,000
140,043,000

-

Jan. 1 to

1937

1938

May

6,067,166
61,683,952

2,802,625
17,229,426

Shares

EXCHANGE

Bond Sales

1937

1938

Stock Sales

May
Jan. 1 to

PRICES ON NEW YORK CURB

May 31

disregarded in the month's range, unless they are the only transactions of the month,
shown in a footnote in the month in which they occur.
No account is taken of such sales in

NOTICE—Deferred delivery, under the rule and cash sales, are
and when selling outside of the regular

monthly range are

computing the range for the year.

AGGREGATE

Jan. 3

Jan. 1

250

1,400
2,700
2,900
1,100

8,700
1,300

1,000
1,400

200
m f

—

.m'-m

100

8,600
1,550
400

5,450
200

7,800
200

220

1,800
mm m m m m.

1,600
'm

10,300

$5.50 prior

96,500

4.250

2,600

IX

7

22V*
5V*

May
6
May 23

7 V* May 25

Sale

V* May 26
IV* May 28

X
IV*
16V*

V*
IV*
12

32^

37 V*

33 V*

40 V*

2%
X

2V*
IX

2V*
X

2V*
IV*

9

6

10

Sale
IX
Sale

7X Sale
4V*

3

5

2 V* May 20

X May 16

V* May 16

May

May 26

6

Class A with

....25

26

Sale

78 V*

Sale

45*

50

6
97 V* 102 V* 100 V* May 25 103 V* May
13 V* May 20
2
10V* May
11V* Sale
1
May 25
May 25
IV*
May
9
48
60
49
May 24 50

7%
IV*
'A

1

8X
3

May 10
31 84
27 101V* May 11
27 15 V* May 25
3 V* May 10
10

78 V* May 31

warrants...25

24

Sale

7

6V*
IV*

6V* May 25

18V*
64 V*
Sale

57

19V*

20

21

20

23

11V*

Sale

2

17

May
4
18
May
2
IV* May 27

2

m mm

m

m

m

27,900
2,200
600

39,100
1,950
2,300
950
25

2,150

coin—*
Gas 8c Elec com—*

Amer Fork 8c Hoe Co
American

Preferred
American General

Corp...10c

$2 preferred

150

50

Common class B n v—..10
Amer 8c Foreign Power warr..

Sale
Sale
11X Sale

27

Sale

110
4

Sale

-.1

24 X

1

27 X

Co com.50

10V*

...

$2.50 preferred
Amer Hard Rubber

23 X
1%

200 Amer Invest of 111 com—__.*

~l",666
6,800
100

575

8",900
1,100

20

6,000 Amer Laund Macb com....20
25
39,100 Amer Light 8c Trac com
700
6% preferred
25
100
2,775 Amer Mfg Co common
Preferred
.....—100
125

18

75,800
9,832

American Maracalbo

1

American Meter Co

*

22

■

<

80

3,100
4,900
18,600
4,600
40

800

5,500

...

26

9

2 V* May

6

23 V* May

10
24
May 11
2 V* May 12

195*
15 V* Sale
15V* May 31
Sale
2
1
IV* May
IV*
Sale
8 V*
9V* May 25
10
10V*
23 V* May 26
31V*
23 V* Sale
Sale
107 V* 109 V* 105 V* May 13 109 V*
Sale
4
3 V* May 25
3 V*
3 V*
3V*
24 V* May
24 V* Sale
4 x25
24V*
26
May 24 26
27
26
30
9
9
May
2
9
12
Sale
23

12

17
12 V*

24

25

16

Sale
22%
26
18V*
23
65
73
X Sale

1,300 Amer Potash & Chem Corp..*
81,000 Amer Republics Corp com 10
..2
14,900 Amer Seal-Kap Corp com
153,400 American Superpower...—*
1st preferred...
*
4,400
Preferred—
....*
18,600
5
5,600 Amor Thread preferred
9,200 Anchor Post Fence com... •
1
8,100 Angostura Wupperman
11,700 Apex Elec Mfg Co common..*
Appalachian Elec Power—
$7 preferred
._..*
1,030
1
18,400 tArcturus Radio Tube
*
45,900 Arkansas Nat Gas com
Class A
.*
158,000
10
Preferred
18,300
*
310 Arkansas P 5c L $7 pref

9V*
25V*
106 V*
3V*
24V*

18

24
19

12 V*

200 Amer Pneumatic Service....*

"200
8,500
2,100
22,900
1,300
7,300
1,700
1,400
1,100
1,200

4X
26
32
12V*

16 V*
I V*

13 V*

Sale
62

X

%

V*

8%
6

Sale
6 V*

1

Sale

21V*
V*

6 V*

78

13

14

3%
IV*
3%

Sale
Sale

4%
Sale

10

15V*

Sale
4
4V*
% Sale
58 V*
60
10V*
11V*
3% Sale
IV*
2
3 V*
3V*
7V*
9

23
16V*
Sale

12
23 V*
12 V*

25
Sale

15V*
11V*
24V*
12 V*

May 26
May 31
May
4
May 31

V*
36.
6V*
3 V*
V*
55

10V*
3 V*
IV*
3 V*
8V*

21V*

V*« Sale
3

2 V*
3

5 V*

.

Sale

6

~5V* "6V*

6,200 Art Metal Works common—5
40,300 Ashland Oil & Refining Co.l

V*
2%
2%
5 V*

10
10
16
10
6
6
16
24
2

16 V* May 24

14V* May 11
4
15V* May 10

24 V* May

Apr.

y

105*

2

28

2
10

5

V* May

3

11V* Apr.
4
Apr. 13
V* Mar. 25
16
Apr.
6

Sale

3 V* May

2

Jan.
5
Mar. 30
Mar. 18

3V*
IV*
3 V*
7%

Jan.
3
Mar. 23
Mar. 30
Apr.

Jan.

21V* Mar. 15
18Vi Jan.
6
14 V* Jan. 12
24 V* May
4
Jan.

17

63 V* Feb.
1
Jan.
26 V* Jan.

15

75

Jan.
Jan.
Feb.

17

2V* Jan.

11

Jan.

6

23

18
4
4

103 V* Jan.

Apr.
Mar.
Mar.
Mar.
Mar.

7

5

Mar.
Mar.

75
7

3

3 V* Mar.

4

59

14
4

16V* Feb. 21

96

V*
2V*
2V*
4V*

12

12
V* Apr. 12
42
May 11
9 V* Jan. 10
7V* Jan.
6
IV* Jan.
3

May 11
May
6
May
6
May
6
7V* May
7
75
May 10

6V* May
4
May

3
15

V* Mar. 28

99V*
V*
3V*
3 V*

1
12

26

58
Apr.
6
8 V* Mar. 26

IV* May
3 V* May 13
11
May 19

10

13

10
Mar. 29
22V* Mar. 30

5

3 V* May

Mar.

7

11
15
4
24
7
15

27V* Jan.

21V* Mar. 15
14 V* Mar. 30

3

May
16V* May

Jan.

26

nX Apr. 12

62

Jan.

26V* Jan.
3 V* Jan.
27V* Jan.
26 V* Feb.
1V* Jan.
12 V* Feb.
31V* May
LllV* Feb.

Mar.;

8

30

%

20
14

Mar.

25

4 V* May
1
May

72 V* May 10
6
May
6

8V*

Mar.

Apr.
Apr.
Mar.:
Jan.
Mar.:
Mar. i
Mar.;
Mar. i
104
Apr.
2 V* Mar.;
23
Apr.

42
May
7 V* May

~5V* "~6V*
4

Feb.

Jan. 17
Feb. 17

1V*
27V*
15V*
V*
8V*
19V*

27
2
23
3
26
27
2
24
25
5

May
6V* May
4
May
V* May
58
May
11
May
3 V* May
1V* May
3 V* May
8
May

39

3
Sale
6 V*

Sale

Jan.

16 V*

% May

V*
42
6 V*
4V*
Sale
61
14
3 V*
IV*
Sale

4

May
6
May 20

16

22 V* May

2 V* May 23
2 V* May 26
6
May
5

3 V*

Mar.

Apr.
2
23 V* Jan. 12
z59V* Feb. 14
3V* Mar. 16
IV* May 25

4

V* May

16

Feb.

5* Mar.
Mar.

20 V* May 23

V*

V*
18

6

Feb.

23
106 V* Jan. 26
16 V* Mar. 11
5 V* Feb. 25

54

96 V* May 26

% Sale
Sale

3 V*

May
May
May
May
May
May
May
May
May

65

50

Sale

Sale

74

20 V*

Jan.

90

V* Mar.
10V* Mar.

40 Amer Cyanamid com cl A.. 10

183,600
11,500
3,700
130,600
8,200
14,600
7,800

9
15

6
Feb. 23
Feb.
7
Jan. 14

6V* Mar.

'

m

10

Jan.

V*
1V*
V*
10V*

Mar.

"At May 26

18
21

2

94 V* Feb.
8
Mar.
44

11

15V* Apr. 21
3
V* Jan.
49 V* Jan.
5
68 V* May 12
63
May 21

Mar. 29
Mar. 15
Apr. 20
Mar. 31
Mar. 29

Mar. I
V* Apr.
V* Feb.
8V* Mar.:
6
May :
12V* Mar.;
58
Mar. J
93
Apr.
15
Apr. :
3 V* Mar.:
67

11
20

Jan.

2

2

56

IV* May 25

IV* Sale

IV*

11V*
V*
33 V*
50 V*
44 V*

2

V* May 26

%

32V* Jan.
8V* Jan.
9
May
IV* Jan.

4

Mar. 28

1

13

4 V* Jan.

5V* Mar. 31
7 V* May 25
V* Mar. 28

11

8 V* May

3
,

56

IV*

May 10

18 V*
64 V*

11

18

3

90

J*

2V*

30

2%

May 26

103
Sale

69V* May
96
May
15V* May
3 V* May

Power A Lt Corp

Class B

6

11V*

165*

23 V*
65

IX Sale

Corp. 1

18
2
3

82

98

57

May
IV* May

13

101

16X

Sale

23^

1

Jan.

10

Feb.
Jan.

34
17

xl9% Apr. 28
14 V* Feb.
5
2 V* Apr.
1
23

11

"16 V*

15 V*

Sale

,

*

0%
X

6 V* May
9
May

19

14
Sale
Sale
Sale

Sale

90

3 V* May
28
May

71V*
96 V*
15V*

17

12V*
72

15V*

16

2 V* May 20

39 V* May 18
57 X May
5

9

5

12

May
6
May 23

23

V* May 26
40 V* May 19
68 V* May 12
63
May 21

V* May 26

Sale

*

Conv class A..

3,400
12,950
25,600

Sale Prices

3 V* May 27
25
May 25
6
May
2

i!8 M

Sale

*

American Centrifugal

Sale

13 X

10c

preferred

1

77 X
105

cl A.-10c

$3 preferred

Amer Cities

925
*

1

48

300

mm mm

Highest

Sale Prices

52

2X

...100
1
10,200 Amer Box Board Co com

900
m

Lowest

Sale Prices

16

Sale

2V*

530 American Book Co

Common class B

29
Sale

3 V*

Sale

70

5,000

X
2
Sale
Sale
52 V*

*
30,900 Aluminium Ltd
1,750
6% preferred
100
32,400 American Airlines Inc..-.10
1,400 Amer Beverage Corp....—1

400 Amer Capital Corp

'•

com.

Sale

52

Alles 8c Fisher Inc

860 Aluminum Industries

100

18V*
3 V*
27V*
6

6

63

common..*

*
.....——*

preferred

16

19V*
3 V*

8

Warrants

S6

14%
3 V*
25

X
IV*
14 V*
V*
48 V*

common.*
Alliance Investment com—*
500 Allied Internet Investing...*
1,600
$3 conv preferred
—*
800 Allied Products Corp com..10
900
Class A
—25
52,650 Aluminum Co common
*
6,400
6% preferred
.—100
2,300 Aluminum Goods Mfg—.—*

1,500
2,000

19V*
Sale
24

6 V*

Ala Power Co $7 pre*

1,917

100

m m

22

625 Ala Gt Sou RR ordinary...50

1,300

Highest

Sale Prices

Ask

23

16V*
3 V*

preferred....*

Convertible

Lowest

Ask Bid

Bid

26

t c

Air Investors Inc

10,100

/50

270
230

,

▼

1,400 Aero Supply Mfg class A
*
Class B
*
31,000
3,900 Agfa Ansco Corp com
1
18,600 Alnsworth Mfg Corp com—5
2,700 Air Associates Inc common._1
24,500 Air DeTlcea Corp common ..I

4,200

r

par

STOCKS

725 Acme Wire Co

Ask

Bid

May 31

May 2

1938

Shares

Shares
50
100

1

Price

NEW YORK
CURB EXCHANGE

Since

May

RANGE SINCE JAN.

PRICES IN MAY

SALES

In

14

% Feb.

8

4 V* Jan.

11

4 V* Jan.

12

7 V* May

7
May 10
Jan.

8

Jan.

4

11V* Jan.

27

Associated Elec Industries—

800
:

1,300
17,200
4,000
1,100

3,700
10,800
123,200
19,000
11,100
2,200
1,000

American

deposit recti.. £ I

10 X

1

X
1%

Sale
1
Sale

9 V*

1

*

7

Sale

5V*

Sale
Sale
1
6

!ji

Class A

........

$5 preferred
Warrants..

^

^

"2", 300
90

3,900
700

9,600
600

.........

V t

c

common

6 V*

Sale

May 26
V* May
2
V* May 27
6
May 27
!»$ May
2
9

9 V* May

2
V* May
7
IV* May
6
9V* May 11
May
2

8 V* Mar. 31

Vi# Mar. 22
V* Apr.
3 V* Mar. 30
Jan.

& Coast

26,000 Atlantic Coast Fisheries..
50
1,280 Atlantic Coast Line Co
29,200 Atlas Corp warrants—
10,120 Atlas Plywood Corp........*
....1
38,900 Austin Silver Mines
15,600 Automatic Products Corp..5

For footnotes'see page 53.

1

Jan.

8

IV* Jan.

3

9 V* May 11

A Jan.
5
V* Jan. 17
>A Mar. 16

25

V* Mar. 24
V* Mar. 24

*

RR Co pref
10
...
100
50 Atlanta Gas Light 6% pref 100




V*
X

Assoc Laundries of Amer—*

Atlanta Birmingham

•

9

Sale

Assoc Gas 8c Elec com

78 V*

73

60

75

50

70

Mar.

67

Mar. 30

Mar.

67
3 V*

4

V*

2V*

3

"2V* "~3V*

Sale

28

% Sale
9 V*

10V*

Sale

"X Sale"

3/2

Sale

7V*
%

IV*

Sale

IV*

8 V*
%
Sale

2 V* May 25
19 V* May 23

7 V*
V*
1

8V*
Sale
IV*

V* May

2

7 V* May 24
1

V* May
5
May 28

3 V* May
20
May
1
May
8V* MayV* May
1V* May

2

3

Mar. 30
2V* Mar. 31

70

75

9
4

7
9
3

16

Mar. 30

V* Mar. 21
6 V* Mar. 30

V* Mar. 26
V* Mar. 26

4 V* Jan.

30

IV*
15V*
X
2 V*

Jan.
Jan.
Jan.
Jan.
Jan.

13
11
11
12
12
12

42

NEW

AQQREGATE

YORK

SALES

PRICES IN MAY

NEW YOR
In

Since

May

CURB EXCHANGE

STOCKS (Continued)

Par

Bid

11,900 Auto Voting Machine com..*'
4,500 Avery (B F) Sons Co
5
175
6% preferred w w_......25
25
6% preferred xw
25

100

"""166

300

Purchase warrants

6^

IX

"6*400

7,725 Babcock Ac Wilcox Co.......*
New common
*
15,000

400

7,200
50

4,800
m m *» m m

~

"""200

7%

preferred....

Purch

warr

21

83

Bardstown Distillery Inc

1,300
7,900
2,300

7,900
24,600
16,100
1,140

110
50

200

"

100

5,000

2,200

Beech Aircraft Corp com
1
Bell Aircraft Corp common..!

Bellanca Aircraft

800

675
250

16

Sale

3 34

Sale

Bell Telep Co of Canada..100

Convertible

lll'X Il7>i
4X

6

7%

.

25
60

:

690

.....25

Preferred

800
950
100
10

80

300

1,200

100

800

300

4,500

100

300

11

8X

100

6,300
100

1,900
1,450
2,800
300

1,300

2,750
13,200
4,100
50,100
1,200
13,800

634

634

Sale

534

IX Sale
37

38

5 34
2)4

3)4
1734
10M
4)4

X

%

15)4
10

1

IX
3534 Sale

Sale

600
300
25

6,600

1,300
1,500
3,300
1,000
45,100
1,100
62,800

300

im

900

400
100

9,100
200
100

"'"175

1,050

33

Sale

3}% Sale^
IX
22

7X

26

2
25

8%

375

2034

22

1

5

25

V

234

5
50

2%
Sale

634
39

9

134 Sale
1634 20
734
934

1934
1934
26

Sale

2134

22

"l4~" Sale"
234
2

3
Sale

X

v t c._..__

Sale

27

34

1
20

6

634

234
40
234

3134
21
95
13
2 34
2

34

6

3

May

30

1134 Apr.
1
234 Mar 28
454 Mar 28

17

1

Mar
Mar

434
934
154
234

29

Mar ."31

3

May

Calamba Sugar Estate Co.20
Canadian Car & Fdy oref..25

19

22

17

1934

21

2434

Can Indus Alcohol cl A

non-voting

....*

Canadian Marconi Co

...1

Capital City Products......*
Carlb Syndicate com .....25c

A stk

•

...*

1st preferred

*

1

134

10
Sale
Sale

934
434
534

2734
2934
534 Sale

234

134
1034
134

Sale
Sale
Sale

1434
334

21
334
2034
Sale

19

5

3

gg

34
234
134
20

834
34

1

734

634 Apr.

19

26
26

%
1534
534

1
23
6

1434
234
19

2

134

"~3~" Sale"
Sale

6

3234
2034

35
2134

96

Sale

1034
134

1134
Sale
2

34

34

25
334
2134
34

Sale

234
234
%
734

234
3
1

834

„

Sale

1
14

2

34

2834 Sale
634 Sale
11

Sale

17

23

234

234

2i 34 Sale
434
8

1434
234

5
Sale

19
234

434

22

434
834
16

234

234

Cent Ac Southwest Utll—
Common

35,500
50c
84,700 Central States Elec com—.1
3,020
7% preferred
100
7,425
6% pref without warr..100
100

1,800

Conv pref opt ser 1929..100
1,550
14,500 Centrifugal Pipe Corp......*

500
400
100

2,800
Strip Co
5
1,900 Charts Corp com..........10
250 Cherry-Burrell Corp com
5

Mar

634 May
,10
Mar
434 Mar

Mar

13

134
234
34 Sale
13

Sale

12

Sale

1334

8034
534
6634

Sale
634
69

8234

134

V*

134
ii

34

Sale

5
934
18

Sale

334

534 Sale
634
1234
434
834
334 Sale

434

334

Sale

534
634
734 Sale

534
534

Sale

5 34

Sale

8334

5

Sale

70

Sale

134
34
934
434
5
4

334

Feb.
Jan.

12
1
3
3

Jan.
18

24
12

Jan.
Jan.
Jan.
Jan.

13
17
12
8

Mar

25

134
3934
934
234

1034 Mar

23

1634 Jan. 24

Apr.
1
434 Mar 26
1

10

Mar

1

234 Apr.

8

34 Mar

23

7

Jan

7

134 Jan
734 Mar

7
30

4

Mar

29

234 Mar

30

25

Apr.
5
534 May 25
76
May
4
3

Apr.

2

1

11

Mar

9

434 Jan.

13

154 Feb. 25
1634 Feb. 24
3

Feb.

23

1254 Jan.
5
754 Jan. 12
534 May 31

2734 May 24
1034 Jan. 10
88

Mar

19

54 Jan. 26
434 Jan. 11
234 Jan. 13
2734 Jan. 10
85s Feb. 25
30
May 31

1934 May 27
May
5

18
Apr. 12
1934 Apr. 29

21

2634 May
3
2534 May 10

2234 Mar. 29
2534 May 10

2734 Apr. 13
2634 Jan. 28

2534 May 12
634 May
6
1434 May 23

Jan.

10

5

Jan.

3

8

Mar

14

14

Apr.

18

22

Jan.

8

134 Ma.v
40
May
234 May
6
May
33
May
2034 May
9434 May
11
May
234 May
2
May

234 May
40
May
4
May
6
May
34
May
2234 May
9734 May
1434 May
234 May
234 May

May

5

5
2
5
31
9
26
3
27
31
11

34 May 10
May

1534 Mar. 18

May
40
May
234 Apr.
6
May
32
Apr.
18
Apr.
88
Apr.
10

5

May
4
234 May 23
334 May 19
% May 23
8
May
4
1
May
2

27

334
334
134
8

134

May

6

May 18
May
7
May 19
May
7
May
4
May
7

19

May
7
34 May 23
6834 May
5
65
May 10

1934 May 16
34 May
6
74
May 11
65
May 10

2034 May 26
434 May
4
8
May
2
1734 May 21
2
May 27

2734
434
934
1734
234
67

May 27
334 May 11

May
9
May
9
May 19
May 21
May 10

May
6
334 May 11

134
Sale
14

534
10
6

354

1834 May 10
12
May 2
6834 May
3
80
May
4
5
May 26
69
May 3
134 May 24
X May
3
May 6
May
4
May 11
May 27
334 May
5

10
4
10
5

19
May
14
May
7234 May
86
May
6
May
76
May

11
26
17
11
19
12

234 May 10
34 May 12
May 10
734 May 11
10
May 11
734 May 10
334 May 16

'

Jan.

5

2034 Jan.

21

31

334 Jan.

13
40
May
2
434 Feb. 23
9

Jan.

3

2254 Mar
10034 Jan.

Mar.

Feb.

39

5
4

18

234 Apr.
134 Mar.

34 May 10

6

25

2
2
21
31
9
14
11
9
20
7

15

Jan.

334 Jan.
334 Jan.

28

10
15
12

54# Jan.

31

434 Apr.
18
Apr.

8

5

Jan.

12

1
Mar. 18

22

Jan.

25

27

May 18
Jan.
8
Jan. 26
Jan.
4
Jan. '3
Jan. 10

19

234 Mar. 18
2

Mar.

17

% Mar. 29
7
Apr.
9
34 Jan. 27
Feb.

11

34 May 10

434
334
154
1034
154

16
Apr.
334 Jan.
2134 Mar
154 Jan.

234 Apr. 11
1734 Apr.
4
34 May 23
6534 Mar. 31

85

Jan.

60

Mar. 29

80

Jan.

1734 Apr.
1
434 May
4
634 Mar. 29
17
Apr. 29
134 Apr.
1

32

Jan.

59
3

57

1034

11

Mar

15

\*

34

Jan.
Jan.

20

1934 May 23
20

25

it"

108

34 Mar 23
Apr.
7
634 Mar. 31
2834 Mar. 16

5
26

8

12
12

Mar.

Mar

8

Mar

28
31
13
20
31

34

534
1934
25
334
334
134
8

234

May
134 May
2534 May
834 May
30
May

60

134

*A» May

93s Mar.

1
34

8
10

134 Jan.

34 May

11

3

11

1934 May
5
534 May 28
1434 May 23

Sale.
2034

2434
2434

20

12

May
2
2534 May 10

3ale
7Xk8H

1934

3

634 Jan. 29
Jan.
Jan.
Jan.
Jan.
11934 Feb.

Feb.

234 May 27
134 May
6
21
May
6
834 May 20
30
May 31

12

63 34 "Mar" 5

26

Sale
2134

1334
2 34
234

Sale

1

2734 May 24
634 May 12
8034 May 11

8
18

Mar

X

234

„

*

....

Conv preferred

234

2734 May 24
534 May 25
76
May
4

12

Jan.

Apr.
Apr.

2
21
19
9
20
31

*

...

$7 div preferred

34

"134 ""234

134
3634
734
134
1254
1034
3 34

34 May
May
134 May
12
May
534 May
534 May

1034
334

434

4
2
31
9
27
20
14

34 May
2
1134 May
2
134 May 20
934 May 27
4 34 May
2
434 May
9

134
11

12

934
334

May
9
10
May 16
734 May
6
1534 May
4
10
13
10
9
5
20
7

534

14

11

May
May
May
May
May
May
May

7

26
16
31
23

Feb. 21
15
15
8

Jan.
Janl
Jan.
Jan.

it"
165"

Mar

34 May
5
34 May 18
934 May 17

11

834 Jan.

10

6

134 Mar
834 Mar

Jan.

2534 May 10

22

1

754 Mar 30
434 May 27

6

May
May
May
May
May
May
May

3534

Sale

%

5

534

Sale

Sale
Sale

£1

conv

2034
2034

2534

7

634 Sale
78
80

350

V

3

2

16

Sale

3

com

Biscuit Corp.._.12)4c
Prod

20%

89

25

634"

37

Sale
2

30
20
20

9,200 Cent Ohio Steel Prod...
1
1,250 Cent Pow Ac Lt 7% pref...l00

2,200

30

534

Sale

com
*
180 Cent Maine Pow 7% pref..100
2,540 Cent N Y Pow 5% pref
100

660

975

9%
85

100

14,000 Cent Hudson G & E

40

8,400
10,300
1,250
3,500

23

634 May
10
May
534 May
14
May
1

534
134

334

% Sale
.1134 Sale
IX
234
1034
1034
434 Sale
434 Sale

134

132,900 Carrier Corp common......*
8,800 Carter (J W) Co common....1
7,900 Casco Products......._....*
550 Castle (A M) & Co
...10
45,500 Catalin Corp of Amer
1
Celanese Corp of Amer—
960
7% 1st partlc pref
190
4,300 Celluloid Corp com.......15
530

3,800

Sale
6)4
Sale

It"

Sale

3434

334
im

634

...*

Cables 8c Wireless—
Am dep rets pref sh

B

May

34 May 20
% May 20
934 May 24

1

Sale
~ "

6

860 Carolina P Ac L 97 pref
*
240
96 preferred........_.....»

10

22,700

6
4

IX

com

2,500 Carnation Co common
30,100 Carnegie Metals Co com

200

-----

10s

ord reg

Bunker Hill & Sullivan..2.50
Burma Corp, Amer dep rets..

200 Carman Ac Co
500
Class B

4,800

12 X

2734
2734

Buckeye Pipe Line

1,600 Cable Elec
800

.....

2634
2634

Buff Nlag Ac East Pow pref.25
$5 1st preferred

Burry

3

a

7

£1

Amer dep rets ord reg
British Celanese Ltd—

900 Bruce (E L) Co

600

5,400

*

British Amer Tobacco, Ltd—
Amer dep rets ord bear. £1

27,400 Brown Rubber Co.

200

'""850

*

Brown Forman Distillery._.l
10
$6 preferred
*

200

1
May
2
134 N ay 23
834 May
9
434 May 27

34
'A
A Sale
934
10

634

...

Coupon stock (bearer)
Registered

7,100

10

1534 May
334 May
634 May 11
1
May
2
134 May
3
834 May
9
534 May
7

Mar. 30
254 Jan. 13

93

30

Class A._
.......*
British-American Oil Co.—

9,300 tBrown Co 6% pref
11,800 Brown Fence & Wire
2,400
Class A preferred

1,400

1334 May 26
234 May 31
534 May 28

334

Sale

*

.....100

...

Am dep rets

1,400
1,200

*

1,100 Bright Star Elec class B
*
8,500 Brill Corp class A
...*
5,900
Class B
3,050
7% preferred..........100
2,100 Brlllo Mfg Co common.....

""800

2534 May 10

1334 Mar

20

234 Jan. 12
24
May 24

6334 Mar 30
1934 May 28

134
1234

34 Sale
X
X
934
9X

lA Sale
10

3)4

1st preferred.......100

75 Bridgeport Gas Light Co
23,400 Bridgeport Machine com

2,800

2

'bli Sale

4,900
Common
*
2,450
7% 1st pref
.........100
2d preferred.
4,000
.....100
17,200 Brazilian Tr Lt Ac Pr ord
•
12,400 Breeze Corp
....1
69,100 Brewster Aeronautical....

200

1934 May 28

Mar. 26

16
12

Jan.

13

May 26

Mar

Sale

...........

300

24

834 Mar
834 Jan.
21

20
Mar. 30

13i
1.

134
134 May
9
134 May
3
12
12 X
1134 May
3
1334
1434 May 23
3 % Sale
3
4
334
334 May 26
May
6
16334 Sale
15634 May 3 16334 May 31
115"" Hex 11534 11734 116
May 12 118M May 20
5
10
634
10

Bowman Biltmore Hotels—

2,000
1,900
24,900

May 26
May
9
May 24

preferred...

1,450 Borne Scrymser Co
3,600 Bourjols Inc

200

28

13

134 May 26
134 May 26
20
May
7

„

""§
IX-

300

550

100

600

6

1% Sale

common.

23,000 Blue Ridge Corp com.......]
6,200
$3 opt conv pref
*
26,900 Blumenthal (S) Ac Co com...*
1,625 Bohack (H C) Co common
*

3,600

Sale

31

Mar

Apr.

51
6

61,150 Bliss (EW)ftCo common..
1,950 Bliss & Laughlin Inc com..

275

Sale
8)4
Sale

5%

J2.50 Conv pref
9,500 Blrdsboro Steel Fdy fc Mech *
200 Blauner's common........

""'700

22

234 Sale
534
534
34
1
134 Sale
734
934
434 Sale

Sale

IX

634 Mar
4

15

*

com

43,400 Berkey & Gay Furn Co
__1
24,000
Purchase warrants..
2,200 Bickford's Inc com........

3,200

1534
434
134

20

Sale
6X

7

1

950

7~706

734 May
3
434 May 25

19

21H

Sale

1

1

Baumann (L) 8c Co

Highest
Sale Prices

5

4

1334
1234

"

1

390 BellTelep of Pa 6)4% pf..l00
500 Benson & Hedges com
*

"

7%
6
17 X
14 X
5
Sale

6

Seelig Mfg class A. 5

Bath Iron Works Corp....

Lowest
Sale Prices

734

Sale

2%

1

com

Barium Stainless Steel
Barlow &

7

.....30

for com.......

Baldwin Rubber Co

Highest
Sale Prices

734 May 20
434 May 25

Ask

Sale
20 X

7% 1st preferred..
100
1,400 Beaunlt Mills Inc common.10

"""600

IX
IX

1X Sale

Baldwin Locomotive—

9,010
89,500
27,800
8,600
133,400
1,050
58,200

7)4
4%
12 X
12 X

88,700 Aviation & Transport Corp.l
5,780 Axton Fisher Tob class A.-10

Lowest

Ask Bid

Bid

Sale Prices

May 31

May 2
Ask

...

23,100
1,840

1,000
8,700
3,700

1

Jan. 3

1938

Shares

RANGE SINCE JAN.

Price

Jan. 1

Shares
1,400

EXCHANGE

CURB

Apr.

4

Mar. 22

Apr.

29
14
Mar. 26
1034 Mar. 31
6834 May
3

7554 Apr.
6
5
May 28
64

Mar. 31

Mar. 26

Apr.

15

1

14

4
11

10
18
4

634 Jan.

10
3

1534 Jan.

21

25

Jan.

8

354 Jan.

17

82

Jan.

14

434 Feb.

26

69

Jan.

12

2354 Feb. 26
14
May 26
84

Feb.

90

Jan.

7

834 Jan.
7734 Jan.

12
24

234 Jan.
54 Jan,

Mar. 31

15

Mar. 26
Mar.
9

10

3

8
12

Jan.

14

654 Jan.

12
9

Apr.

Mar

29

734 Feb. 21

334 Mar

26

4

Jan.

5

Jan.

18

Chamberlln Metal Weather

For footnotes

......

see pane




53.

6

5

534

534

6

534 May 26
534 May 18
1434 May 26

6
6

15

May 12
May
4
May 21

534 May 26
5

Mar. 31

1434 May 26

?!
21

Jan.

3

Jan.

13

NEW

June, 1938]
AGGREGATE

YOBK CURB

Shares
300

2,050
800
200

900

19,100
26,700
1,600
:

420
150
150

1,000
200

150

4,400

1,600
2,400

Price

curb exchange

Since
Jan. 1

May

Jan. 3

STOCKS {Continued)

1,400
12,850
5,300
6,100
8,275

Chesebrough Mfg

*
560,600 Cities Service common..
New common.
10
20,900
Prefer rod...
*
63,000
Preferred B.._.
——•
5,000
670

Preferred BB............*

3,550 Cities Serv Pr Ac Lt $4 pref—*
t7 preferred.
4,900
26,800 City Auto Stamping Co.....*
1,300 City & Suburban Homes...10
I 2,550 Clark Controller Co.—.—1
74,800 Claude Neon Light* com. ..1
500 Clayton Ac Lambert Mfg Co.*

Ask
102
Sale
Sale

Bid

100
40
9

13,100 Club Aluminum Utensil

com

750 Cockshutt Plow Co Ltd

6)4
)4
2554

2

Sale

3
30
33
32

4

38
Sale
39

52)4

58)4

55

60)4

IX Sale

5

454

4)4 Sale

"16 ji "20"

'"1)4 Sale'

48,300 Colon Development Co Ltd..
15,900
6% convertible preferredXl
28,700 Colorado Fuel Ac Iron warr...
8,400 Colt's Patent Fire Arms MfgSS
Columbia Gas Ac Blec Corp—
1,725
5% Conv preferred
.100
111,270 Columbia Oil Ac Gas com....]

854 Sale
37

Sale

3

4

30
46

40
55

46)4 54)4
4X
4)4
*4)4 Sale

"154 "1)4

32
5
254
I hi

4)4
154
1)4

3154

35
Sale

4

300

650

1,000
200

1,000
1,600
21,300

Warrants
189,900
1,800 Commonwealths Distrlbut..l
3,200 Community P Ac L 1st pref..*
Community Public Service—
Common
........25
5,250
..1
4,400 Community Water Serv

Compo Shoe Machinery—
Vtc ext to 1946...........
5,200

650

1
11,700 Consolidated Biscuit Co.
224,300 Con sol Copper Mines
5
13,000 Con Gas B L Ac P Bait com..*
950
5% preferred A......... 100
1
13,400 Consol Gas Util com.....
7,500 Consol Mln Ac Smelt Ltd....5

200

9,500 Cons Retail Stores Inc com. 1

"l",800

310
8% preferred
.........100
10
5,900 Consol Royalty Oil..
36,300 Consol Steel Corp common..*

2,200

"3",200

2,100

925 Cont'l G At E 7% pr pref...100

125

1,700

2,300
100

300
400

2,400

1,000
16,700
500
1,100

Continental Oil of Mexico.. 1

110

200

Cont Roll Ac Steel Fdy com..*
^Continental Secur common*
Cook Paint Ac Varnish Co...*

22,200 Cooper Bessemer Corp com..*
$3 prior preferred........*
700
*
7,700 Copper Range Go.......
1,500 Copperweld Steel com.....10
12,800 Ciorroon At Reynolds.... ...1

Sale

2

2)4 Sale
3)4 Sale

•4

Sale
Sale

49

5

56

4)4

4)4 Sale
5054

"i)4~May

8

""'500
200

19,100
800
400
600
100

300

20

Mar.

26
29

Feb.
3
Feb.
8
Mar. 24

58)4
58

454

*4)4
14)4
154

154
4

354
49

May 10
5
May 10
May
4
May
4
May
5
May
6
May 31
May 11
May
7

)4 Sale
54
%

X

5351

57

55

2)4

3

3H

3

154
154
4)4 Sale

69)4
'At
At
5)4 Sale

64

80

9

Sale

5

3)4 Sale
Sale

55)4 May 13
4
May 10

X May
3
54 May 18
2154 May 25

546 May
9
X May
7
25)4 May 10

Creole Petroleum

com ......S
Crocker Wheeler Blec Mfg..*
Croft (The) Brewing Co....l

Crowley Milner At Co com...*
Crown Cent Petrol (Md)
5
Crown Cork Internet cl A..*

common

Preferred..

Sale

854

10

"4X "5""
20

17

22

2)4 Sale

2)4 Sale
1)4

Sale

6

6)4 Sale

"4)4 Sale"
70

25c

11,300 Darby Petrol Corp...5
1,100 Davenoort Hosiery.........*
*
12,600 Dayton Rubber Mfg.....
Class A.................35
1,150
4,300 Dejays Stores Inc common.. 1

300
400

500
400
800
800
200
300

Mar. 30
Mar. 18

154 Mar. 30

50

2)4 May

1)4

154

1 )4 May

3)4
72

4)4

X
5M

754

50

60

1)4
654

1)4
5)4

2
13)4

5)4

6)4

18

Sale

2

65

50

Sale

1

6

5

Jan.

18

254 Jan. 24
Mar. 11

4

35)4
654
3)4
IX

Mar. 1
Feb. 23
Jan. 10
Jan.
8

10

Jan.
8
6)4 Jan. 29

354 Jan. 10
4)4 Mar. 28

7)4 Jan.

12

61

Feb. 23

48

Mar. 30

60

Jan.

4

454 Jan.

7

254 Mar. 30
X Jan.
16

X Feb.
Mar. 29

354
70)4
54.
454

May
May
May
May

54 Jan. 13
)4 May
7
28

Jan.

18

15

May 13

154 May

4)|

May
72
May
'At May
554 May

9
3
24
26
14

8)4

4

20

11
Mar. 30
3 X Jan.
3

254 May 14

19
27
7
26
27

%

6

*4)4 May 31

25)4 May 10

56

9

3)4

4

Feb. 23
Feb. 23
Jan. 17

18)4 Mar. 30
X Apr.
9

"1)4 May" 16

May 27
May 26

2)4

67

May

Mar. 30

3)4 Mar. 30

6 54
1554
454
2054
2)4
53)4
154

5)4 May 27
1554 May 17
4)4 May 20
19
May 25
2
May 25
53)4 May 3
% May 27
554 May 17

7

May 10
May 17
May
4
May 10
May
6
May
3
May ; 3
May
9

1

Jan.

5)4 May
9
654 Jan. 12
Jan.
Jan.

Mar. 31

JAt Apr.
48)4 Apr.

1

2)4 Mar. 25
Mar. 31

IX
2)4
67)4
At
4)4
3)4
654

Mar. 30
Mar. 30
Apr. 26
May 26

554 Jan.
80

Jan,
Jan.

Mar. 8
Mar. 25
Apr. 27

4

Mar. 29

19

354 Jan.

81)4 Jan.
154 Jan.

854 Jan.

4)4 May

26

Mar. 22

154 Mar. 29
53 34 May
3

% May 27
5)4 Mar. 29

17
19

1)4 May 10
64)4 Jan. 15

May 27

4)4 Mar. 28
14

14

Feb. 26

70
113)4 Apr. 22 115
55

12

H
X
23)4 Sale
6)4 Sale
3H

20)4
5)4

154

3)4

,

5)4

54

19
6

5

3

4
11

9

154 Sale

Sale

)4,
54

Sale*
Z&

3

3

M it*

54 Sale
354
3)4 Sale
8)4
10)4

1)4

154

"l" Sale"
3

25

9J
7\
16
6

Sale

3)4
40

7

.

9)4
6)4

12h
8h

2?

May
May
May
May

At May 18
22
May 16

18
27
24
25

654 May 11
3

May 11

3

At May 11
May 11

354 May 19
854 May 27

4
May
6
10)4 May 27

1)4 May 20
16)4 May 13
)4 May 27

154 May
2
16)4 May 13
X May 27

354
25

4
40

16
4

Sale

Mi May

14
7

654
11)4
6)4

20

16

5)4

354

7)4
1354
7)4
19)4
4)4

4)4 May 16
May 25

3)4 May 14
May 25

25

25

654 May
May
7
May
20
May
4
May

At May

2

20
13

At Sale

% Sale
7

54
18)4
554
'At

$4 cum preferred

Jan.

54
17 X
3)4
'At

May 18

10

2

7
May
2
11)4 May 27
8
May 10
21
May 16
454 May 11

26
24
17

2)4

254

2)4 Sale

*

1
2,800 Detroit Gasket At Mfg Co
6% preferred w w
.20
2,100
23,200 Detroit Gray Iron Fdry com. 1
1
4,400 Detroit Mich Stove Co...
7,600 Detroit Paper Products.....1

6)4
9
12)4 Sale
154
1)4
2)4
254

15,200 Detroit Steel Products.....*
625 Diamond Shoe Corp com....*
6,725 Distilled Liquors Corp.....5

1

iH i*

"3"" Sale"

7

6

10)4
1)4
1)4
154
17)4

12)4
1)4
2
2)4

18)4

6

12)4
154
1)4
154
18
11

*2)4 "354

254 May
43
May

2)4 May 31
42
May
9

3

654 May 18
9
May
3
154 May
4
2)4 May
3
2)4 May
20
May 10
14)4 May 13
3)4 May
7

May
May
May
May
May
May
May
May

13

Mar. 31
Mar. 28

Mar. 31

Jan.
6
3)4 Mar. 18
8)4 Mar. 30
1

Mar.
Mar.

16

Feb.

15
4

7
12
20
8

10
2

9)4 Jan. 12
54)4 Mar. 14
9)4
17)4
754
22)4
3)4

Jan.
Feb.
Jan.
Jan.
Jan.

72

Jan.

17
18
10
13
12
11

254 Jan.
1354 Jan.

10

12

Jan.

12

1)4
27)4
8)4
X

Feb.
Jan.
Jan.
Jan.

14
12

5

Jan.
Jan.

10

12
Feb. 15
IX Feb. 26
10)4 Jan. 28
4)4 May 16
33
Apr. 26
106
Mar. 17

Jan.

254 Mar.
May
102
Jan.
9)4 Feb.
Wan.

5)4 Mar.
May
5)4 Apr.
17
Apr.
3)4 Mar.

38X Apr.
6

10)4
1)4
IX
154

May
Mar.
Mar.
May
May

Feb.

8

X Jan.

3

10

31
13
1
29
25

Mar. 14
Mar. 25

2

1054 Feb. 21

154 Jan.

25

10

5

11
10
15
12

18

X Jan.

25

3H

12

3

7

254

4)4
32

26

23,700 Derby OH At Ref com.......*
450

12

46
67
72

1254 May 25
5)4 May
9
4 % May
6
68
May 17

6
1154 May
4)4 May
4
3)4 May 31
63
May
6

2)4

.........25

2,500 Crystal Oil Ref Corp com...*
750
6% preferred
..10
•
2,300 Cuban Tobacco com v t c
700 Cuneo Press com.
350
6H% preferred.........100
200 Curtis Mfg Co (Mo)..
5
50c
218,100 Cusl Mexicans Mining

100

Apr.

3

10)4 Apr. 28
4754 May 5
5
May 10

May 10
% May 11

50 Dennison Mfg 7% pref....100

*4", 000

2
1
7

Jan.

12
10

25 X

May 25
)4 May 10

^
Sale

8

3)4 Mar. 29

354 Mar. 28
3)4 Mar. 26

4
5

May
May

3

"54
50

30 X Feb.

51

19

3

2)4 May
4)4 May
5)4 May 11

Am dep rets for ord stk req

25,100 Crown Drug

Jan.

24

2

28

41

Cramp (Wm) Ac Sons Ship &
Engine Bldg Corp
100
2,600

275

X

10

11

125,300
28,400
40,000
2,500
10,100
3,500

2)4 Mar. 18
May 11

14
1

Feb.
9)4 Jan.
% Jan.
39
Feb.
60

45

„

3)4 Sale
54
6)4

4

36

75

8?S
75

Mar. 28

554 May 13

"

Sale"
54

2

" May " 7

6

4

54

1254 Sale

66

64

62

68

X

154 May 14

4

4

22

22

20

May 24
May 11

5

154 May 23
May 17
May
4

1)4
4)4
4X
5154

Sale

;

H

12)4
13
4)4
4)4
4)4 Sale

34

"554 May" 13

%

•

X

13 X
Sale
4)4 Sale

64

Mar. 23

5
46

2
20
13
26
31
11
17

2)4
IX

54s

"

54

12 X
3 X

5% preferred............50

25
100

Sale

X

6,900
100

2,300

54

74,500

(iourtaulds Ltd

500

X
%

Sale

19

Jan.
3
5)4 Mar. 30
54 Mar. 29
20)4 Mar. 31

40

754 May 2
21X Mar. 30

11

32.
May
6
3)4 May 27

51

3)4 Sale

Sale

60

10,900
2,500

700

May
May
May
4)4 May
*4
May
14
May
154 May

6

!S

$6 Conv pref A
......._*
Cosden Petroleum com.__._l

700

200

16
17
5
16

64 preferred..............*

100

300
21,500
3,700
5,700

21

4754 May

7 54 May
2
36)4 May 28
354 May
2

154
154

Commonwealth Ac Sou Corp—

27,900

24

May
May
4 103
May
May
4 58
6)4 May
May 25
54 May
May
5
May 12 30
May

'2)4 Mar. 26
31)4

*

6,500
7,900
4,100

325

)4
28)4

9954
52)4
*5)4
54

Highest

Sale Prices
Sale Prices
97
Mar. 30 110
Mar. 7

1

854 Sale
40)4 Sale
354 Sale
36)4 Sale

1,000 Cohn Ac Rosenberger com..*

19,400

25)4

6

_*

300

Highest
Sale Prices

Sale

"37""

102
Sale

5)4
54

Lowest

Lowest

Ask

101
53

103

24

31

28

100

com

99.

~~6~"
54

4,800 Cleveland Blec Ilium com...*
*
15,400 Cleveland Tractor com..
900 Cllnchfleld Coal

*"*500

Par
——2.h

Chicago Flexible Shaft Co..5
Chicago Rivet At Machine...4
Chief Conaol Mining Co
1
Child* Co preforred......l00

Ask Bid

Bid

Sale Prices

May 31

May 2

1938

Shares

RANGE SINCE JAN. 1

PRICES in MAY

SALES
new york

In

43

EXCHANGE

854 Jan. , 6
1354 Mar. 3
10)4 Jan. 21
Feb. 23

22

754 Jan.
40

Jan.

3)4 Jan.
Feb.

17
28

7

4

58

21
25

14

Jan.

8

29

2

Jan.

27
28

3)4 Jan.
3X Jan.

12
11
12

9)4 Jan.

14

Mar. 30

22

11

May 13

16

Mar. 29

9

Jan.

10

Jan.

3

17

Feb. 23
18

8

Distillers Co Ltd—
Am dep rets

1,000

ord reg.
XI
500
11,400 Divco-Twin Truck Co com..l
900

100

.

Do bee km un Co common

1

5,500 Dominion Steel At Coal B..25

800

20 Dominion Textile Co

com

26)4

27)4

3
10
15

3)4
12)4
Sale

2354
3
8

24)4
Sale
10

11)4 Sale

900

3,300 Driver Harris Co common. .10
90
7% preferred...........100
12,000 Dubilier Cond Corp com
1
It®
3,200 Ouke Power Co..
300 Durham Hosiery cl B com...*
12,700 Duro-Test Corp common... 1
10,700 Duval Texas Sulphur.......*

"2", 900
900

11,100
4,300
2,300

1,275

24)4
3X

8

1054

10)4

1054

49)4

Sale"

1454

12)4

14)4

A*

1)4

700 Draper Corp...............*

900
225

254

91,300 Eagle Plcher Lead Co.....10
15,600 Eastern Gas Ac Fuel Assoc..*
6% preferred..........100
8,950
4)4% prior preferred
100
3,675
1,100 Uastern Malleable Iron Co.25

14

18

13)4

47)4

a\K Sale
aVA

A*

54

59

X
1)4
6)4 Sale
7)4 Sale

)4
5)4

1)4
554

6

7

854 Sale
2)4 Sale

9

27
49

Sale

5054

254

Sale

3

62

54
-

I*

5
6)4 Sale

4)4

754 Sale
2
254

22

23

14

16

46

4854

45

51)4

2254
254
9)4
954
67

May" 13 52~'~May~23

47

15)4 May
6
May
2
154 May 19

110

see

page




53.

23
30

2454 Feb. 28
354 Jan. 18

17
30

13

14

67

31

63

62)4 May 14
"

May 24
May
6

754 May 27
2
May 28
16
May 25
48
May
5

"6" "May" 12
6)4 May 13
10
May
3
May
24 X May
52

10
May 13

11X Mar. 28

Jan.

15)4 Jan.

24

4

Jan.
Jan.

14
22

20)4 Jan.

15

Mar.- 1 110
Mar. 4
2
Mar. 26
Feb. 28
54
Mar. 29 65
Jan.
3
X Jan. 27
54 Mar. 23
3 54 Mar: 30
654 Jan.
7
6
9)4 Feb.
1
May
6
1

7

Mar. 29
Mar. 29

13)4 Jan.
3)4 Jan.

12
11

May 25

13

Mar. 29

31
52

6)4 Apr. 21

11

2
16
43

■i

For footnotes

Mar.
Mar.
Mar.
Mar.
Jan.
Mar.

108

1454 May
May
1)4 May
60
May

109
64

3)4 May
6
10
May 16
12)4 May
7

2)4 May 17
May 16
11)4 May
2
10

*

'""216

20

23 X

Jan.
.

May 13
Jan.

12

NEW

PRICES IN MAY
NEW

In

Since

May

YORK'

450

975

1,200
100
200

1,100
242,600
10,100
2,800
5,600
3,800
1,340
4,000
2,300
250

CURB EXCHANGE

STOCKS (Continued)
11,600 Saatern States Corp com

Par

Bid

IX

Ask

Ask Bid

IX

i

IX

IX

•

16X

19

$6 preferred series B

♦

16

18X
3

Easy Washing Mach clan B_*
Economy Groc Stores com.
Edisoo Bros Stores

3X Sale

2

com

2X

Sale

3X

113*

103*
1

Sale

Electric Bond 8c Share

5

6

*

46

Sale

•

43 X

1

25*
2%

10l "

Sale

$6 preferred
$5 preferred...
Electric Power Associates
Class A
Electric Pow & Lt 2d pf A

Option warrants

443*
3
'
2%

*

"33* "3~X

L._

Electric Shareholdings com

*

Sale

44X
2%
2X

48
3X
Sale
Sale

62

63

12

55

4X

3X

M 65
ai*

Sale

IX

$6 Conv pref with warr

Sale

6X
50

22

1

Lowest

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

Sale Prices

May 31

May 2
Ask

$7 preferred series A

Elsler Electr'c

1

Jan. 3

1938

Shares

3,325
4,625
15,400
1,050
4.900
17,100
817,100
31,600
8,700
39,400
17,000
4,390
17,400
11,200
2,720

RANGE SINCE JAN.

Price

Jan. 1

8hares
900

EXCHANGE

CURB

sales

aggregate

1

YORK

10
1

13* May
May
May
3
May
13
May
103* May
34 May
6
May
46
May
443* May
3
May
23* May
213* May
3 3* May
13* May
60
May
17

16

6
5
5
7
18
28
26
2
2
3
3
27
3
26
2
6

134 May
May
193* May
3 3* May
13
May
11
May
13* May
93* May
59
May
543* May
4
May
4
May
30
May
5
May
23* May
66
May

9

3 3* May

20

16

X Mar. 30

134 Jan.

8

11

14

Mar. 29

26

Jan.

18

11
4
18
23
11
11

13

Mar. 30

24

Jan.

18

11

23* Mar. 31
13

Jan.

434 Jan.

18

26

14

Jan.

19

103* Apr.
2
3* Mar. 30
43* Mar. 31

14

Feb.

14

42

Mar. 30
Mar. 30
Mar. 30

13* Jan. 13
103* Jan. 12
May 11
545* May
9

59

11
9

>4

13

4

Jan.

Mar. 31
Mar. 29

_

Jan.

Mar. 29

35

Jan.

5

13
14
11

2

Jan.
Jan.

75

Jan.

Apr.
4
Apr. 21

4

15
5

Electric Shovel Coal Co—

200

700

"""900
"""350

•

3,300
1,650
1,300

$4 participating pref

.....

175
450
800

625

1,000
6,400
82,700
14,900

9,000
1,700

3

*

500 Electrographlc Corp com
1
12,700 Electrol Inc ▼ t c
..1
3,375 Elgin National Watch Co
15
2,700 Empire Dlst Elec 6% pref. 100
12,725 Empire G 8c P 7% pref....100
6,350
8% preferred.
100
4,000
6% preferred.........
100

63^% preferred
100
Empire Pow Corp part stk__*

10 X

IX
27
30

35
36

32
28

383*
363*

28

37

150

1,300

IX

400

11,200

200

3

Ferro Enamel Corp com

1

5

10

40

650

2,800
200

26 X

A Sale
IX
IX
23
Sale

3* May

6

7

5

55*
IX

21X
173*
A Sale

54

55

17

43*
5

Sale
9X
183*
53*
5X
Sale

16

3X Sale
Sale

8

165*

1734

3%

4X

5

5X

X
46 X

15

15X

13 X

11

11

13

Sale
503*
5X

46

50

5

36

Sale

38

Sale

15 X

Sale
16

16

16 X

16X
Sale

15X

14
31

19

28

Jan.

32

Jan.

28

Jan.
Feb.

28

27
26
27
28

63* Mar. 31
X Mar. 31
7
May 20

33* May
8
May
17
May
4
May
5
May

31
31
6
17
27

4

93*
173*
43*
53*

May
May
May
May
May

11

A Mar. 7
34 Apr. 14

11
11
5
24

Mar. 26

63* Mar. 28
163* Mar. 31

4% Sale

16"

1634
1734

16X

Mar. 30

43* Mar. 30

34,970

Amer dep rcts.-Ord reg £1
400 Ford of France Am dep rets..

""400

1,100 Fox (Peter) Brewing Co
5
5,000 Franklin Rayon Corp com.

800

1,000
1,250

3,400
4,200
3,200

200
50

Froedtert Grain & Malting
Common

1

...

Conv pref

..15

...

Fruehauf Trailer Co

1

450 Fuller (Geo A) Co com
650
$3 conv preferred

63*

4X

Sale
3

13*

43*

3X

65*
IX
14 X Sale
83*
9X

6X
14 X
6X

3X

4

200

$4 Conv pref

6

10

<

9
17

2834

4

3

IX
15
IX

*

130 Gamewell Co $6 conv pref
800 Gatineau Power Co com

3X Sale
134
2X
934
1034

9

*

350

'"600

2

5X
2X

1

150
150

120

5X

32

7
15

63

u*

A*

8

21

15
27

34

11,700 General Alloys Co

•

8

9X

10

103*

31
Mar. 29

32

Jan.

23

Jan.

18

Mar. 29
Jan.
3

Apr.
1
Mar. 31
Mar. 29

145* Mar
A Jan.
603* Jan.

10
12
15

633* Mar

4

26

Mar. 28

415* Jan.

14

173* May

145* Mar. 31

33* May 31

43* May 10

9

183* May 23

15

15

Mar. 24

33* May 31

1X Mar. 18
83* May
33* May

10
4

63* May 10
143* May 17
63* May 26
10
May
20
May
32
May 16

May 12
May 10

73* May 7
153* May 25
7
May 12
10
May
7
213* May 10
34
May
7

75* Jan. 25
25* Apr.
2

93* May 21

93* May 21

American dep receipts
4,500
£1
11,300 Gen Flreprooflng com.....*
1
6,500 Gen Investment Co com

1,000
1,700
100

400

9,100

20,400

130

$6 Preferred...........

*

185*
19X
11X Sale
X Sale

IX

Sale

65

48

Warrants

'h

280
200

13*

13*

163*

183*

10

103*
X

19,000 General Telephone Corp...20
200

S3

conv

preferred.

40^

45

34s

1

50

42

50
li»

'ee

Sale

33

41

'A

A

180 Gen Outdoor Adv 6% pref. 10ft
520 General Pub Serv $6 pref
»
1,900 General Rayon A stock..
*

1,400

10

Sale
11X

13* May 24

13*
12

103*

51

11
39

1-3*
113*

39

183*
103*
3*
423*

May
May
May
May
'64 May
653* May
33
May
1
May
113* May

17
27
3
11
6
20
2
18
26

2

183* Jan. 17
183* May 23

55* Jan. 13
23* Apr. 13
May 12
5
Jan. 17

10

83* Jan.
163* Jan.

17
18

Jan.

18

Mar.

7

18

Mar.

8

10
May
7
213* May 10
34
May
7

28

Mar.
Jan.

7

11

13

87

73* Mar. 31
Apr.
2
13* Mar. 28

82

Jan.

May

3

2
16

165* Mar. 18

5

3* Apr. 12
41
Apr.
7
i#4 May
6

3* Jan
50
Mar
70
47

11
4
23
11
18
12

45

9

Mar. 30

65

Feb.

30

Mar. 29

4

1

May 18

27

93* May 21
Apr. 25
23* Jan. 10

May
11
May
May
423* May
in May
70
May
37
May
1
May
13
May

18

15

Mar. 30
Jan.
3
Mar. 30

75

1834

75* Jan.

31

63*
143*
55*
63*

General Elec Co of Great Brit

500

4
May 11
10
Apr. 28
203* Jan. 26
63* Jan. 17
83* Jan.
8

113*
X
393*
43*
483*

86

83*
9/4
755* Sale
IX
2

11
8
7
10

17
May
6
123* May 24
3*6 May
9
493* May 20
6
May 11
60
May
9
41
May
6

*

5% preferred...........100

10

153* May 28
12
May 10
3* May 2
483* May 23
43* May 25
54 X May
4
373* May
2
163* May 27
163* May
2

Jan.

Ford Motor Co, Ltd,

6,100

Feb.

3* Jan.

Mar. 30

4

13

4
5
5
5
5

X Jan.
113* Jan.
135* Jan.

Mar. 31

2

Jan.

May
573* May
58
May
56
May
553* May

105* Feb. 25
% Jan. 11
13
Jan. 15
31
Jan.
8

225* Mar. 30
>■

24

55

22

173* May 12

8

35*
9X

Sale

5X

Jan.
Jan.

15* Feb.

17
Apr. 26
313* Jan- 10

32

203*

6

13

Jan.

4

9*
Sale

21

63*

....

250

"IX

Sale

May
573* May
58
May
56
May
553* May
19
May
8
May
3* May 17
8
May 20
23
May 10

a

63*
20

6

19,100 Fldelio Brewery
1
1,412 Fire Assoc of Phlla
10
55,000 Flsk Rubber Corp common. .1
Preferred
1,175
100
5,650 Florida Power 8c Lt S7 pref
*
*
25,100 Ford Motor of Canada cl A
Class B
*
1,925

7,100

52

46

Sale

55

25

800 Flat Amer dep rets

3,600

5134
Sale

12
31
27
31
11
12
6
24
20
10

Sale

_•

100

10 Fed Compress & W'house

T.I66

20

53 X

May
May
May
May
May
May
May
May
May
May

50

9

Mar. 30
26

1

13* May 11

A May 18

24,300 Falrchlld Aviation com..
1
16,500 Falstaff Brewing
1
1,800 Fanny Farmer Candy com__l
3,700 Fnnsteel Metallurgical Corp*
6,600 Fedders Mfg Co common..
5

300

Sale

May

3

9

10

...

...

400

51

503*

May 25

Sale

5034
4534

Sale
Sale

May

1

115*
IX

43 X
48

Sale

515*
52 3*

Emsco Derrick & Equip Co.5

11,300
Option warrants
57,700 Evans Wallower Lead
5,750
7% preferred
40,300 Ex-Cell-O Corp

6,700
5,200

53

19

Equity Corp common..
10c
Esquire-Coronet
1
450 Eureka Pipe Line
50
European Elec Co of Can—

IX

:

195* Jan.

19

Mar

1
3
29
5
13

14

in Jan.

Jan.
Jan.

13* Jan.

14

7

83* Mar. 30

14

Jan.

Mar. 30

44

Mar

10
16

88

Jan

12

40

Gen Tire & Rubber—

130

440
6% preferred A
.....10ft
300 Gen Water Gas & Elec com. 1
_

500

20
100

*

3,150 Georgia Power S6 pref

425

$3 preferred
$5 preferred

2,800 Gilbert (A C) Co
240

•

400

1,600

400

1,300

2,400
103,900
2,200
16,200
2,000
9,930
3,900
14,000

1,400

6,000

"l",806
350

675
450

45

65

*

S3 preferred
Gorham Mfg Co—
V t

c

12

•

$7 preferred
33,100 Gold field Consol Mines
2,300 Gorham Inc class A com

""'300
4,500

5

28

Sale
43 X
IX
5X
&X
27
28 X

*

*

140

"6,466

7
30

*

com

Co

45,600 Glen Alden Coal Co
2,450 Godchaux Sugars class A
Class B
11,600

150

4

27

*

Preferred

500 Gilchrist

""6",700

8
32

4X
35

6X
Sale
5

4
4X
3034
1434

Sale
31
153*

79

May 10

543*

70

sty'

40

a&X

4

693* May
6
57
May 10
53* May 27
35
May 2

763* May 16
59
May 10
53* May 27
35
May
2

43* May 27
293* May 27
123* May 20

53* May 11
313* May
3
13
May 19

5

43*
293*
113*

,V*

1

34

*

23*

*

19 X

agreement extended.*

Grand National Films Inc..l
Grand Rapids Varnish Corp *
com.

.10

Gt Atl 8c Pac Tea 1st pref. 100

Non-voting common stock *
Great Northern Paper Co..25
Greenfield Tap Ac Die com
*

13 X

17

3

Sale
20

X Sale
9X
4X
53*
1193* 120X
8

46

Sale

303*
5X

32X
6

2X

3X

2

v

1634

Sale
334
18

Sale
33*
183*

X
2

173*

A May 27

25 c

11,200

4,800
eering Corp common
1
3,500 Guardian Investors common 1
73,900 Gulf Oil Corp
25

37 X

Sale*"

1534
18
16
143*
163*
34
3* Sale
534
5..
334
534
33*
119
120
118
1183* 120

%

44
28

41
25

534

Sale

Vk

39

Sale

263*

28
53*

4X

7,600 Hall (C M) Lamp Co
2,200 Haloid Co...

"""500
100

1,100
200

1,600
2,000
500

5,900
500

•

14,100
5,700
8,500
3,000
10,000
18,700
1,500
58,400
1,750

50

600

"l",206
2,300

Harvard

May

35

10

Mar. 31

Apr. 12
Me May 27

173* Feb. 23
Jan. 27
A Jan. 17
25* Apr. 21
193* Jan.
w

2

39
27
5

Feb.

8

May 12

183* May 26

16

Apr.

1

May 11
May 19

17

133*
3*
53*
33*

Mar.
Mar.
Mar.
Mar.

May
May
May
May
May

May 13
3* May 10

3
43*
26 122
31 473*
26 29
53*
25

May 11
May
7
May 10
May 18
May. 2

Brewing Co

6% preferred

...

Heel a Mining Co.
Class

A

For footnotes




see

page 53.

Jan.

1

Jan.

9

63i
124

Jan.

7

Jan.

12
28

Feb.

493*

Jan.

15

33

Mar.

253* Apr.
43* Mar.

Jan.

13

73* Feb. 23

13* May 13

134 May 12

34 Mar. 29

83* May 21
3* May
6
333* May 27

93* May
5
3* May
6
373* May 10

83* May 21
A Feb.
8

93* Apr. 25
42J* Feb. 21
88
Mar
9
80
Jan. 15

3*a
35

36

34

7

23*
113*
56

134
13*
%
34
X Sale
334
4
153* Sale
43*
43*

34

333* Sale

33

Mar. 31

90

81

Jan.

5

73

72

Feb.

17

1

1

20

50

IX

25c

3

*

53*

*

5

6X
33 X

I
37

8X
12 X

11 X

634
27

30

Sale
4

2

23*

£y*

£x

52

2

May 21
93* May 23

23* May
5
93* May 23

57

13*

13*

1

i*

ill i!M
43*

43*

23

Sale

63*
3

8
83*

53*
53*

7
293*

63*
25

134
%
X
3 3*

Sale
.

43*
8
8

73*
32

May
May
May
May
153* May
43* May
23
May
63* May

163*
4 3*
283*
73*

18

4
23
2
24
2
26
27
27
3 3* May 11
53* May 11

May 23
May
5
293* May 10
7

13* May 19
% May 23
X May
2

33* May 20
May
May
May
May
33* May
53* May

21
5
20
2
11
11

May 23
73* May 10
293* May 10

134 Mar. 28
9

50
1

Mar. 28

Apr.

Apr.
% Apr.
X Mar.

1
29
6
28
11
29
29
20
27
23

13 X

123*

83*
Sale

7

133*

Jan.

Jan.

8

12

9

14

7

May 27
123* May
2

93* May 12
133* May 20

33* Jan.
12

583*
1J*
13*
13*
6

11

17
Mar. 8
Jan. 12
Jan. 10
Jan. 11
Jan. 18
Jan.

33* Apr.
135* Mar.
43* Mar.
20
Apr.
63* May
25* Mar.
55* Apr. 27
53* Mar. 19

165* May 21
9
Jan. 11
30
Jan. 10
105* Jan. 11
7
Jan.
8
Jan. 27
73

18

Mar. 17

203

6

Mar. 30

8

27

Mar. 31

40

7

3

7

43*

18

par

4,500 Hewitt Rubber Corp com...5
2,125 Heyden Chemical Co
10
600 Hires (Chas E) Co class A___*
4,400 Hoe (R) & Co class A
10
34,400 Holllnger Consol G M......5

27

IX

9

Hazeltlne Corp
_•
Hearn Dept Stores common .5

Helena Rubensteinlnc..

20

1173* Apr.
36

Jan.

93

83*

51

t c._l

Hat Corp of Am ci B com

65* Jan. 28
14

65* Jan.

Mar. 31

13*

2

•

HartmanTobaccocom.no

10
10

83*

5

v

17

93*

43*

600 Heller (W E) & Co common..2
950
7% cum pref w w
25

"""loo
400
100

Hartford Rayon com

Feb.

41

2 3*

25

200 Hartford Electric Light

15
7
16

134

80
70

Gypsum Lime & Alabastine.*

100

53* Mar
283* Mar
763* May
59
May
65* Jan.

834

70 Gulf States Util 16 pref
*
380
S5.50 preferred._i
..._*

1,200

2

5
Apr.
4
45* May 27
26

Grumman Aircraft Engin¬

4,000
1,700

Mar.

35

2

17

Grocery Stores Prod—
Common

75
May 26
43* Apr. 19
263* Mar. 22
58
Apr.
1
57
May 10
43* Mar. 25

89

15

*

....

Gray Tel Pay Station

6X

38 X
6

May 26

63*
293*

*

20

170

75

4X
28

Mar. 21

53* Mar. 29
113* Mar. 18

63

373*
423*
123*
145*

Feb.

8

Feb. 23
Jan.
7

Feb. 28
Apr.
5
Jan. 10
Jan. 28

NEW

June, 1938]
AGGREGATE

new
In

Since

Jan. 3

50

""800
120

13,300
800
100

300
.

'

l",306
450

4,600
8,100
6,700
350

curb exchange

|

Par

Ask
14%
9

Bid

3,100 Holophane Co Inc common
785 Holt (H) & Co class A
100 Hormel (Geo A) & Co com
*
200 Horn (A C) Co common
1
6,450 Horn Ac Hardart com.......*

12

STOCKS (Continue,

400

5%

11%

66%

......

68

4%

4%

4>*

it"

k

4%
1%

9

93* May
2
6
May
6
183* May 20

53*
183*
33*
213*
983*
8

10

j

4*
3%
1%
19

57%
3%
%
5%

$

May
May
May
May

70

May
6
43* May 12
3* May 13
53* May 28

27
10
13
11

2 3* Mar.

2% May
5
13% May 27
3% May 27
6
May 19

Sale

Sale

14

Sale

4

Sale

7%

33* May
6
163* May 11
53* May
9
7
May 26

2

800
600
200

500
800

200
100
25

61,500
6,600
4,300
2,930
4,800
1,890

Am dep rets

,

Sale

17%

Imperial OH (Canada)......*

*
Imperial Tobacco Co of Can. B
Imp Tob of Gt Brit At Irel—£1
Indiana Pipe Line
10
Indiana Serv Corp 6% pfd 100
790
7% preferred
100
275 Ind'polls P & L 6% % Pf —100
Registered

17

17

13%
33%

400

""125

Class

"4",900

17.450
4,100
6,600
20,000

700

1,400

2,350
500

22,706
19,400

"l",506
6,700
100
100

2,600
300

600
700

2,500
2,800

B

57

56

17%

19

18

Internat Holding & Invest

11

13

12" "13%

16

Sale

2%.
28%

Hydro-Elec 13.50 pref..50

Sale
Sale

91,700
93,100
1,100
13,300

Internat

Paper & Pow warr..

Internal

Petroleum com

Registered

2%

27,000 International Radio Corp..l
800 Internat Safety Razor cl B_*
2,600 Internat Utll class A.......*
29,800
Class
B
3,200
$1.75 preferred
.......
1,500
$3.50 prior preferred
..*
6,100
New warrants
22,400 International Vitamin
1
11,700 Interstate Home Equip com.l

3%

5

.*

Internat Products com

29

28

*

.....

5%

7%
10
% Sale
8%
10
26%
30

...

3%

3%
25%.

13,600 Irving Air Chute com.... ..1
5,700 Italian Superpower cl A...

9

83,000 Jacobs (F L) Co
5,500 Jeannette Glass Co...

1

5

*

1%

300

2% Sale
25% Sale
253*
26%
3%
4%

6%
%

%

130

%
7%
23%

Sale

3%
27

10

""606

14%
Sale

X

19

50

120
30

4,200
1,900
1,100
100

100
700

%
Sale

2

24?*
3%

25%
Sale

7%
%

Sale
%
7

X

%
7%
28

3%

As
%
12% Sale
8%
8%
% Sale

Sale
1%

2%
24

Sale
26%

22%

24%

900

30

26,800
2,700

100

10 Keith (GeoE) Co 7% pref.100
5
6,000 Kennedy's Inc
4,100 Ken Rad Tube Ac Lamp cl a.*

4%

......

3,300 Kingsbury Breweries com... 1
Kings County Lighting
650
7% preferred series B
100
270
5% preferred series D...100
68,950 Kingston Products.........!
.......1
20,100 Kir by Petroleum
1
7,800 Kirkland Lake G M Ltd
900 Klein (D Emit) Co common.. *
200 Kleinert(lB) Rubber
10
1
3,700 Knott Corp com
Company—
6% preferred.........
100
1,600
1,300 Kress (S H) Ac Co spec pf_.10
1
8,500 Kreuger Brewing Co

6%

4%

33
33

26
18

2% Sale
3% Sale
1%
1%
15
15%

40
26
1%
4
1%
16
9
Sale
20

1

8%
24%

13%
6%
6%
6%

7X
ijg 12_H

11%
6%

12

52% Sale

51X

Sale

9

6

6%
9%

8

%

1%

33%
22%
1%
3%

5

5

Sale
8

%

I
179,700 Lake Shore Mines Ltd
23,300 Lakey Foundry Ac Machine. 1
..100
60 Lane Bryant 7% pref
Langendorf United Bakeries

50

50

Class A

34

Sale

"l% Sale"
3%
1

3%
1%

13

15

6

9

7

6%

8%
25

6%

700

Class B

300

.....

.....

444 Line Material Co..........

"7",900
100

""500

.

6%

12
6%

2% Sale
98

49%
1%

Sale

1%

.....

Lit Brothers com

._.......*

50

Sale
3% Sale
At Sale
16
16%

...5
6,250 Locke Steel Chain Co.
234,300 Lockheed Aircraft .........I
*
50,900 Lone Star Gas
*
37,500 Long Island Light com
7% preferred.
100
2,000
6% preferred series B ..100
3,725

575
800

17,700
200

450

1,000
2,000
90

500

Loudon Packing Co com

•

5,300
100,800 Louisiana Land Ac Ezpl com 1
2,700 Lucky Tiger Combination. 10
4,100 Lynch Corp com...........5

9,700 Majestic Radio Ac Tel Corp.. 1
1
4,300 Mangel Stores Corp com
$5

110

conv

preferred........*

1,500 Mapes Cons Mfg Co

12%

14

3£s&*
16%

16

Sale
Sale

17

5%
7
%
1%
13%
14%
3% Sale
'At Sale
16
183*

1%

8%
9%

8%
Sale

*

12

18J*
12

25

16

1%

18

103*
H

10?*
IX

Sale

13*

21%

Sale

Sale
Sale

35

2%
8% Sale
..

%
37%
1

IX
3%

Sale
9%
8% Sale
7% Sale
1%
1%

13*

9

Sale

32

27%

1%
7%
X
24%

29%
1%
Sale
%
26

X

%

18" '20%

1%
32%
16%

7%

5%

2%

Sale
38
17

93*
103*
93* Sale
73* Sale
13*
13*
323*

11*
26

29

1%
63* Sale
As
A
263*
30
1%

% Sale
13*
2

Communication Am dep ret

For footnotes see page 53.




May 11
13* May 23

6%

31

62

24

22

Jan.

17

1% Jan. 12
17% May 11
May 12

* May
6
May 12
May
6
23* May
2
29 3* May
9
59

May 25

5
May 12
83* May
6

43* May
83* May

34

263*
13*
33*
13*
133*
63*
63*

May
May
May
May
May
May
May
May

10
26
5
27
6
27
27
16

353* May
27
May
2
May
4
May
13* May
133* May
63* May
73* May

26
24
6
3
6
27
27
26

May 16 1003* May 27
113* May 21
113* May 21
7
May
9
63* May 25

May 26
May 12
13* May 23

47

.fS

May 17
523* May
4
23* May 11

40

May 13
43* May
5

May 13
53* May 26

14

3

133* May 10
4
May
6
3* May 10
19
May 12

May 27
103* May 11

223* May
5
103* May 11

133* May 10
23* May 27
3* May 23
17

May

17

6%

13* May 27
213*
93*
83*
73*
13*
31

273*
13*
63*
3*
26

1 % May
30

15

16

15

63*

2
26
1
31
26
3
27
26
25
17
3

% May 23

36

5%

May
May
May
May
May
May
May
May
May
May
May

2

May 23
May 12

33

4

Mar.

9
25

83* Jan.

10
1

Feb.

5

2

1

25
14
27
4
29
20
3
30
19
31
29
31

Jan.

6

Jan.

9

Mar. 30

12

93* Jan. 26
283* Mar. 2
Jan.
5
Jan. 11
4
43* Jan. 13
Jan. 11
28
63* May 10
Jan.
3
153* Jan. 17
123* Jan. 17
X Jan. 17

73* Jan.
33* Jan.
66
73

Jan.

Jan.

18
17
5
11

433* Jan.

Mar. 31

Jan.

85
3

523* Apr.
7
61
Apr. 19
68
Apr.
9
13* Apr.
1

11
12

10

Jan.

May 25 1083* Mar. 24
213* Jan. 27 21?* Jan. 27
4
7 3* Mar.
Mar. 31
2
11 % Jan. 13
53* Apr.
1
1
Jan.
4
3* Feb.
9

106

283* Mar. 26

42

Mar. 15

Mar. 26

30

Jan.

22
1 %

33* Jan.

33*
%
133*
5%
x5%
103*

Mar.
May
Mar.
May
Mar.
Mar.
Jan.

95

Mar. 31 1023* Jan.

25
27
29
27
31
31
20

113* Feb.
3
53* Mar. 31
38
May 26
453* Mar. 17
13* Mar. 28
Mar. 25

14

%
12 3*
23*
3*

May 13
Apr. 12
Jan. 17
Feb.
3
May 27
Mar. 26

13

Mar. 30

163*
153*
103*
193*

Apr. 12
Mar. 28
Jan.
3
Apr. 14

3

5

Feb.

18
10
14

13* Jan. 24
8
153* Jan.
63* May 27
9
Jan.
8
123* Feb. 23

12 3*

13

Feb. 10
17

11

Jan.

46

Feb.

15

583* Feb.
33* Jan.
853* Jan.

1
12
14

lVTay 13
53* May 26
13* Feb. 23

14

133* Jan.

15

Feb.
% Jan.
19
May
203* Jan.
253* Jan.

10
8
12
25

5

10
14

14

Feb.

25

Jan.

18
12

1

Mar. 28

23* Jan.

May
2
May
9
May 16
May 17

19

Mar. 19

22 3* May

73* Mar. 28
53* Mar. 29
63* Mar. 31

103* May

2
9

103* Jan#

12

93* Jan.

15

13* Jan.

3

7

Mar. 30

1

May 10
May 10

30

13* May
36

12

Jan.

2

13* May

223*
103*
103*
83*

Mar. 17

43* Feb.

Mar. 31

21

15

Mar.

31

May 11
13* Mar. 29

70

May 25 106

7H

_

26

3* Jan.
3* Mar.
73* May
243* Apr.
As Feb.
23* Mar.
3
May
25 3* Feb.
23* Mar.
As May
113* Mar.
73* Mar.
3* Mar.

24

Mar. 10

2

33* May
May

2

67

May
6
May
9
May
4
13* May
9
243* May 26

25

Marconi Internat Marine—

200

2

24

Sale

21

25

18%
10%

300 Loblaw Groceterias class A_*

1,600
55,700
7,800
6,300
280

63* May 12
As May 12
133* May 19
10
May 11
As May
9

14

12 %

Feb.

3

Mar. 31
7
243* Apr.
23* Mar. 31
5

27

May 28
May 17

Feb.

6

21

13* Jan.

65

*

•
103,000 Lion OH Refining
.1
2,000 Llpton (Thos J) class A
6% preferred...........25
500

6,200

33* May
6
%s May 19
May 26
83* May 26
3* May 31

12

87 %

...»

1,400 Lefcourt Realty com....... 1
Preferred
*
4,400
*
78,800 Lehigh Coal Ac Nav
63,100 Leonard Oil Development—15
t
5,500 Le Tourneau (R G) Inc..

6

7
14
20

6
23
14
6

38
Sale

2

■

4,300
4,900

May

4

83* May 18
3* May
5
7
May
6
3* May
9
7% May
7
253* May 12
% May
7
33* May 12
33* May
4

63* May
3* May
7
May
3* May
73* May
25
May
3* May
33* May
3
May

99

11%

*

300

"'266

"3%May28

1

100

100 Lackawanna RR N J

May 31

106

Koppers

100

25

59

2%
3
32% Sale

883* Jan.

23

Sale

2%
IX

2% Sale
1%
2

5

82

Mar. 19

19

143* Feb. 25
373* Jan. 21
83* Mar. 1
16
Mar. 16
16
Mar. 15

May 31
Apr.
8

273* May 17

25

68

200 Kobacher Stores Inc com...*
425

3

83* Jan. 26
193* Mar. 4

28

Feb.

10

"3"" May'll

3

13%
14%
9% Sale
%
%

63* Jan.
10

"2" Sale" "l%May"26

12

63

com....100

310 Kansas G Ac E 7% pref

12

Mar. 29

17J* May 11
3* May 12

25

3% Sale
3% Sale

32

May 27
% May
6

7%

8
25

May 28
May 17
May 15

62

18?* May 21

5%% preferred........ 100

Jones Ac Laughlin

133* Jan.
493* Feb.

Mar. 31

483* Mac.
163* Mar.
% Apr.
83* Apr.
3* Feb.
6
Apr.
13* Mar.

%

Sale

12%

6% preferred...........100
630
7% preferred...
100
12,000 Jonas Ac Naumburg Corp.3.50

19,900

17 3* Mar. 15
6
Jan. 12

153* Apr.
5
133* Mar. 18

7

19

6

6

15

13* May 24

Sale

590

3,600
1,500

12

Mar. 29

9

1% May 25
8% May
6
56
May 31

Jersey Central Pow Ac Lt Co—
25

170

43* Jan.

Mar. 29

13* Mar. 18
13* Mar. 18
3* Mar. 11

%

....

1,300
1,000

600

1%

"A" stock pur warrants

Internat Metal Indus cl A..*

400

38,000

1%

%»

17?* May 24
173* May
3
14
May
3
33
May 24
73* May 11
15
May 13
193* May 13
873* May 26

xl6% May 11
*16 ?* May 31
14
May
3
33
May 24
7
May
4
10?* May
5
10
May 31
87% May 26

1%

55%

20%

1%

2,430 Interstate Power $7 pref
15,800 Investors Royalty Co4,600 Iron Fireman Mfg corny tc 10

2,600

%
%
%

1%
1%
%

18

10

700 Interstate Hosiery Mills—

"766

90

54" "56"

100

Internat Cigar Machinery.
Int

85

1%
Sale
1

1%
%

v t c

Insur Co of North Amer

J5

Sale

%

1

—......*
1

stock

400 Industrial Finance
625
7% preferred

\l»

84%

86%

Non-voting class A.......*

1,300

17%. xl6% Sale
xl6% Sale
14
13%
"
32
33
35?*
8
8
6%
12% Sale
10

Indian Terr I llum Oil Co—

""'366

19
10
15

73* Feb. 16

£1

ord reg

8

53* Jan.
23* Jan.
33 % Jan.

3% Mar. 29
53* Mar. 31
483* Jan.
3

Imperial Chem Indus Ltd—

"14", 6 5o

73* Jan.

Mar. 29

13* Mar. 23
19
May 31

12

7

9
14

Feb. 23
63* Jan. 10
3* Jan.
3
73* Feb. 24

43* Mar. 28
73* Jan.
8

13* May
20
May

23
27
26
1

70

29

3* Mar. 24

3

1% May 13
19
May 31

Sale

7

May
2 14% Feb.
6
Apr.
Mar. 7
Apr.
May 20 20
4
Feb.
Apr. 23
Jan. 27 243* Mar.
1023* May
Jan.
4
11
Jan.
Mar. 29

Mar. 31

56

4

3%

12

48%

Highest
Sale Prices

9
May |2
6
May
6
18% May 20

x57% Sale
3%
4%

%

Sale
Sale
6

10

—

50 Illuminating Shares Co A—*

8%

10

3%
14%
5%

Co—...*
50

24,400
Preferred
18,000
Dlv arrear ctfs
4,550 Illinois Zinc Co

9

Lowest
Sale Prices

243* May
22% May 13
98% May 21 1023* May

8%

9%

700 Hydro-Elec Secur com
*
15,800 Hygrade Food Prod..
....5
4,500 Hygrade Sylvanla Corp—..
Illinois Iowa Power

10

Highest
Sale Prices

:4

65% Sale
5%
6%
% Sale
6%
8
6%
12
4% Sale
1% Sale

70,300 Humble OH & Refining
17,000 Hummel-Ross Fibre Corp...5
1,000 tHuyler's of Del com
1
1,500
7% preferred stamped.. 100
50
7% pref unstamped....100

16,000

9

5

Sale
9

9

Lowest

Ask

3%
5%
23% Sale

—100
...-5

5% preferred
1,400 Hubbe11 (Harvey) Inc

Ask Bid

Bid

Sale Prices

May 31

May 2

1938

Shares

1

Price

york

Jan. 1

Shares
700
485

RANGE SINCE JAN.

PRICES IN MAY

SALES

May

45

CUBE EXCHANGE

TOEK

253*
IX
63*

Apr.
Apr.
Mar.
Mar.
Mar.

21
31
30
25

343* Jan.

6

23* Jan.
93* Jan.
3* Jan.

19
10
13

24

% May
6
3
May 17
31
May 23
163* May 10

5* Mar. 23
13* Apr.
30
May 23
15
May 12

Mar. 31

73* Jan.

5

42

13* May
9
73* May 10
3* May 17
303* May 11

3*

Jan.

20

6

38

Jan.

10

13* Jan.

12
12

33* Jan.
45

Feb.

4

193* Mar. 14
73* Jan.

0

46

NEW

YORK

EXCHANGE

CURB

SALES

AGQBEGATE

PRICESINMAY
NEW YORK

1938

400

4,900
35,200
3,275
11,200

Pat

Bid

•

20

Marion Steam Shovel com..*
Mass Uttl Associates v t c
1
Master Electric Co.......... 1

May Hosiery Mills—
$4 preferred w w

47

Vlaasey Harris Co common..*

...»

10 h

Mead Johnson & Co com....*

95

22*

Sale

14k

2X

3k

10

95

18k

Sale

3k

Sale

13 X

Sale

16M

3

Sale
13 X

2

2X

9

Sale

16k

13

95X
99
3X Sale
16 k

14

5

3X

preferred
Metropolitan Edison Co—

45

2X

*~2k Sale"

3

2%

Sale

lk

1

%
lk
k Sale

1
4

1

5,600 Mich Steel Tube Prod....2.50

18

1*

IX

X

Sale

5k

3

2k

Sale
6

Sale

5

2X
5X

3%

3k

4*

2X
3
X Sale
5k
X
X

2X

2%
5X

8

3k

*
..10

v*

3k

2

Sale

$

3X

Middle States Petroleum—

19,100
Class A vot trust ctfs...
*
16,200
Class B vot trust ctfs
*
9,500 Middle West Corp common._5
1,800
Warrants
2,100

Midland Oil Corp—
62 conv pref

4

.._...*

62 non-cum dlv shares

*

850 MldvaleCo

4,600 Mid-West Abrasive Co....50c
19,600 Mid-West OH Co
10

4H

12k 13 %
78
83
lk Sale
6k
7k
7k
10

1,200 Midwest Piping & Supply Co*
2,900 Mining Corp of Can
_..*
2,950 Minnesota Mln Ac Mfg Co
*

26

27

70 Minnesota P Ac L
7% pref.100
170 Miss River Power
pref
100
400 Missouri Pub Serv common.*

3

5

5,300 Mock Judson Voehringer2.50

lk

4k

2X
7X

3X
8
Sale
20
Sale
IX
5X

12 X

1

com

9X
59 k

4k

6k Sale

IX
IX
4%

Montana Dakota Utilities..11

Montgomery Ward Ac Co A..*
Montreal Lt Ht Ac Pow com..*
22

Sale

30
145

33
Sale

27
140

10,950 Moore (Tom) Distillery Co..l

IX Sale

1

100 Mtge Bank of Col Am Shs
267,100 Mountain City Copper Co..5c

Sale

Moody's Investors Part pref.*
750 Moore Corp Ltd..
•
60
7% A pref
100
....

22X

25
30X
180

6X
8k
154

27 X

7X
10
2
29

7X
9X

400 Nachman Sprlngfllfed Corp.*

7X

com

3X
7X

4%

8%

3%
JX
20
12 X
IX Sale
IX
2X
4X
524

21

27X
140

com

1

5

9

11
10
Sale

4X Sale
Sale

preferred

50

OX

11X

Sale
31

3X

Sale

5

Sale

5X

7X
8%

66 preferred

Sale

7
10X
4X Sale

4X
5X
% Sale

6

4X

10k
4X
5

4

„

7X
22 X
6X

8
28
7
13 H

2X

x Sale

JX

22 X
6

May
X May
X May
2k May
6
May
% May
3 k May
3 k May

2% May 25
X May 2
5X May 24
X May 20

20
28

9
3

9
6
10
21
18

% May
.

6k May 11
X May

6 k May 19

11
May 23
59% May 31
1
May 21

60 k May 27

11

May 23

lk May
2
8 k May 10
10
May 14
2
May
7
30
May
7

-7

May 26
May 14
May
7
27 X May 24

IV ay 20
May
6 106
3 k May
3X May
6
6
7% May 27
8k May 13

3k May 26
12 X May 27
May
2
May 26

May
May
May
May
May
7
May
135 k May
3 138k May
28 k May 26
May
May 26
May
May 19 28k May

!r

10
27
12
26

7
20
13
21
19

k

May'13

1

3 k May 28
4 k May 27

May

2

5 k May 10
5 k May 10

13 k
2 k

54

Sale

3

Sale

IX
35

2.
Sale

o1^

39

724

8X
Sale

8

IX

%

X

13

14

33

37

600 Nebel (Oscar) Co com
90 Nebraska Power 7% pref..100

10,500 Nehl Corp com
•
2,700 Nelson (Herman) Corp .....5
7,500 Neptune Meter class A
*
....

400 Nestle Le Mur Co class A
50 Nevada Calif Elec com

o

k«
lk

k
lk

Sale
14

5

Ilk Sale

4

5

6X
X

7\

New Bradford Oil
45 New England Pow Assn

1,775

5
com.

6% preferred

J

200 New Idea

Inc common.

36X
3X
4X
X

40
6
6X
1

5X

58 k

61k

I

10
900 New Process Co common....*

....

510 N Y Pr Ac Lt 66 pref

7,900

shares

1

700 New York Transit
5
580 N Y Water Serv 6% pref._10S
168,800 Niagara Hud Pow com
...10

4,725
150

5% 1st pref
5% 2d preferred

11,200

Class A

warrants

4,000

Class B

100

7k

lk
k

12k

37k
3k
4k
k

Sale
Sale
Sale
13k

page 53

15

83

90

4k

com

*

1
5

May 11

4 k Jan

50

Jan.

X Jan.

20
6

k Jan.
lk Feb.

4

lk Apr.
5
X Mar. 24
5 k Apr. 29

4

9 k Mar.
59 k May
1
Mar.
6k Mar.

Jan.
Jan.

Jan. 12
Feb. 24

Jan.
5
k Mar. 18

6k May 11

76
107

Feb.

103

May
k Mar.
6k Jan.

2

if*
I*

Apr.

140
31

20 k

May

27

Mar.

28 k May 19 33k
Jan.
3 145
2
k Mar.
3 k Feb.
3k

38k Mar.
3
May
2k Mar.
k> Mar.
lk Mar.

May
May
May
ke May
lk May
39
May
10 k May
3

2
20
27
9

27
2
27

May 11

3 k May 24
4
May 10

k May 11
lk May 11
May
6
13 k May 12

«-

41

7

56

Sale

22
1 k
5 k

29

24 k
9

Sale

97

Sale

IX
50
20

IX
53

12

49

Sale

lk
47 k
20 k
lk
7k
22 k
6k

lk
Sale
30
2

Sale

30

2

IX

8

7

;r9k

7X Sale
3X
4X
16

19X
7X Sale

2
Sale

21X
6X

5%
4
14

24%
7

6%
4%
17

6% Sale

5k
3k
14

9
25

6k

6k
4k
18

7k

76

Sale
Sale

61X Sale
X

IX
6X Sale

X
1

4X

k>
IX
4%

k
1
4k

31X Sale

18

!h

30
7

154

34

27

11

5

IX

lk

Mar. 25

7 k May 26

lk
k
12 k
k

May 27
May 21

8 k May
2 k May

May
May
May
May
May

9
12
14
18
10

May

5

4

May
May

6
6
8

32

7

Jan.
6
Feb. 24
Mar.
8

Feb. 18
Jan.
3

10

4
24
12

Jan.
Jan.
12 k Jan.

4 k Mar. 30

2

21
7

Jan.

Apr.
2
3k Mar. 23

15

Mar. 14
Jan.

10

7k May

61

2

Feb. 25
Jan.

121

Mar.
Mar.

12

8 k Mar.14
7
Jan. 10

7
1

Jan.
Jan.

36
7

May
May
Ilk Jan.

8

37

May 26

x9

12k Apr.

6
3

3
13
5k May 10

6k Apr.

13

Mar.
7
Jan. 27

Jan.
Feb.
9k Jan.

3 k May
4k Mar.

Apr.

Mar. 17
Jan.
7
Jan. 11

5k May

28

6

Feb. 23

3k May
*8k Mar.

3 k Mar.
12k Mar.
Ik Mar.
lk Feb.
4k Apr.

6

7

k May
10

May 10
*llk Feb. 16
3
2k Feb.
30
Apr. 22

k Mar.
lk Mar.
24 k Feb.

100

20
10
14
12

Jan.

188
i§

8

122

May 20
Jan.

k May 20
14

7

29k Feb. 10
85

3 k Apr.

10

23 k Mar.
1
4 k Jan. 21

22

10
6
6
8

Jan.
3
Feb. 14

1

14k Jan.

Mar. 18
Mar. 30

Jan.

11

20k Jan.

10

31

20
29

19
23

Mar. 18

10 k May

27

4k
7k
lk
k
12 k
k«

Jan.
May
Jan.
Mar.
May
Feb.
105
May
29k Mar.
3 k Mar.
4k Apr.
X Mar.
5k Apr.
47 k May

3

11

63

Jan. 11
4J
Jan. 11
Jan. 11
b)
Xt Feb.
1

2
Feb. 18
41k Feb. 25
18 k Jan. 13

P
16*
111*
47
6

'I

Jan.
4
Jan.
8
Jan. 18
Jan.
5
Feb. 28
Mar.
7
Jan.
5
Feb. 24
Jan.

12

Jan.

10

Mar. 11

Apr. 28

47 k May

4

10 k May

10

10

Apr.

10k May 10

50 k May 16

36

Mar.

62

Jan.

15

Apr.
Mar.

15
102

Apr.

85

Mar.

8

5k

45
48 k
U
v
18k
87
93
5k
7

10k
50

k

5

53

74 k May 13
k Mar. 7
k Mar. 25
2
Apr. 29
5
May 26
k« Mar. 31
3k May
5

25

k
14 k
May 28
May 14
k
105
May
4 106
39k
37 k May 27 40 k
5k
7
5
5
May
5
k

ke
lk
Sale

100

650 Nineteen Hundred Corp B

see

Sale

5X

1

Class A preferred

18,500 Niplssing Mlnea

10

'"lk "Ik

......

21,200 Niagara Share Corp class B
30,000 Nlles-Bement-Pond

7k

42

100

warrants

100

98"" Sale"

*

7% preferred
......100
N Y Shipbuilding Co
Founders

5X

11

25

1,100 N Y Auction Co common...•
4,500 NYC Omnibus warrants
3,300 N V At Hond Kosario M
..10
7,400 N Y Merchandise Co com.. 10
1,450

4X

.*

30,750 New Jersey Zinc
18,000 New Mexico At Arts Land
40,200 Newmont Mining Corp




8X
2X
X
13X

*

100

$2 preferred
_*
890 New Entfl Tel Ac Tel Co...100
3,900 New Haven Clock Co com
*

30k Mar. 31
k Apr. 27
k Mar. 30
k Mar.
8
24 Jan.
25
6
Apr.

May 25
6k May
5
14
May 10
2 k May
4
17 k May 10

May
7
May 26
May
3
May 17
May 26

47 k May

4k

100

For footnotes

IX
X
12X

100

7% preferred

Mar. 25

26

6

100

175

*

Mar. 29
Mar. 22

2

25

3

Sale
At
X

12.50

*

3

36
7

50

Sale

3X

National Tunnel & Mines..*
National Union Radio com._l
Navarro Oil Co

Feb.

Jan. 26
Feb. 28
Jan. 21

Jan. 11
lk Mar. 28
3]
7 k Mar. 29
14 k May 21
90
Mar. 31 107
Jan. 13
4
3k Mar. 31
Mar.
1
45
Mar. 23
55
Jan. 17
13k Mar. 26 19
Jan. 20

May
9
5k May
9
k May 12
36
May
6
7
May
6

16

50
Sale

13

Transit

21
7\
16 j

31

k May
36
May
7
May

Sale
Sale
16k

15k

16X

National

Mar. 29
Mar. 29
Mar

8

4 k May
5 k May 18

625 National Tea Co 5 k % pref. 10

11,200
50,500
12,500
4,350

Mar. 29

7

4

4% May

92
28
Sale

2X
Sale

14k

.._*

85

105
May 18 105
May 18
7
8 k May
May 31
7
8%
7 k May 25
8 k May 13

16 X

•

800 National Steel Car Ltd.....*

74 X May 13
X May 28
X May
4
2
May 25
5
May 26
X May 11
3 k May
5

X

25

common

19,900 Nat Rubber Mach com
*
5,300 National Service Co
....1
Conv partlc preferred....*
1,200

13,200 National Sugar Refg

X May
9
May
2
lk May 25
.

Sale

8
10

Nat Power At Light—

1,000 National Refining

3 k May
9
40 k May 13

May 31

145

Sale

13

37

16,200 National Container (Del)
1
24,100 National Fuel Gas
*
5,900 Nat Manufacture Ac Stores..*
5,400 National OH Products
*

15,250

2X May
2
38
May 24
X May
9
% May 16
1
May
4

180

*

3,000 National City Lines
conv

15 k May 27

2

*

com

200 National Candy Co
63

11
24
21
18
7

Sale Prices
24
Mar.
1
7 k Jan. 10

k Jan.

9,200 Murray Ohio Mfg Co
»
3,400 Muskegon Piston Ring..2.50

900

May
May
May
May
May

15 X May 27

10

X

500 ^Mountain States Pow com.*
600 Mountain Sts Tel Ac Tel..100

13,800 Nat Automative Fibres com.*
1,100 National Baking Co com
1
46,800 Nat Bellas Hess com
1

11
Sale
Sale

1

Sale

5

Producers Corp. 10

25 National Breweries

9

17

75

Monroe Loan Society cl A__*

26,700 Mountain

May 11 53
2k
May 31
% May
5 14 k
94
May
2 102
4k
354 May
2
2

31
12
6
10
14

103

Corp
......1
700 Monarch Mach Tool Co com.*

Monogram Pictures

14
65

30

5X

5X

IX Sale
7X
8
9X
10X
m
2
29

3x
X

5k

10
61

2

56,100 Molybdenum
37,400
1,400
1,300
2,300
2,150
1,275

5*

5

Midland Steel Product—

2,710

May
May
IX May
7
May
13 k May
5

3

Sale
Sale

200
66 preferred
..._.__.*
900 Mexico-Ohio Oil Co
._..*

com

17

1X May
6
5X May 25
12
May
2

15

44,600 Michigan Bumper Corp
45,900 Michigan Gas Ac OH Corp

..........

May 31

4 k May 26

Highest

21
2k

1

Part

17

Lowest
Sale Prices

5

warr'ts.

pur

Highest
Sale Prices

52

2k
Sale

2,300 Metal Textile Corp com..25c

18,700 Michigan Sugar
2,900
Preferred...

Sale
3X
4k
IX Sale
6
6X
UX
13

17

5

2k

99

Memphis Nat Gas com ......5
75 Memphis P & L $7 pref
*

900
Common stock
42,200 Meaabi iron

Ask

•

56

McCord Radiator & Mfg B..*
McWllllams Dredging com..*

1,900 Merchants & Mfrs class A...1
125
Partlc pref.......
*
25,100 Merrltt Chapman Ac Scott...*
1,450
6 k % A pref
100

Bid

Sale

Lowest
Sale Prices

May 31

May 2
Ask

42*
1 h
6*/,
14

1,200 Mercantile Stores Co......-*

90

1

Jan. 3

Shares
STOCKS (Continued)
900 MargajrOU

10,200
3,400
15,200
2,700

RANGE SINCE JAN.

Price

CURB EXCHANGE

Since
Jan. 1

Sale

10 k May 10
42
May
2

86 k May 23
5 k May
4
12

May 24
May 31
lk May
3
47 k May 31
49

5k
12 k
54 k
lk
60

May
May
May
May
May
May

24
4

19
11
21
11

5 k May 27
4

17

May 14
May
6

6 k May 27

73
60

May
May
k May
lk May
4k May

3
4
4
7
3

26 k May 27

lk May

4

1 k May

10
May
24 k May
7
May
86 k May

9
11
19
18
13

98

May

9

7

May
May
May
May
May
May
May
May
May

12
14

19
9

32 k May

10

4
18

8k
78 k
66

%
1 k
5k

10

4k Mar.
12
May
45k Mar.
lk Mar.
42

Mar.

Ik

2

4

Mar. 25
Jan. 19

10
11

10k Mar. 30

10
9

70

Mar. 30

60

May
Feb.
Apr.

7

"Ik May" 11

5k Mar. 30

k
X
3 k
89k
24 k

1
6

14

Jan.

12

26
14
5
12

9 k Jan.

24
6

10

30

Mar.

6k Apr.
81
Apr.
91k Apr.
5

12

Jan.
Jan.
10
Jan.
94 H Jan.
101
Jan.

Mar.

5k Mar.
20

Jan.
Jan.

12k May 19
72 k Jan. 15
5
2k Jan.
72
Jan. 11
19% Mar. 17

Mar.

18

lk May
9
7
May
2
23
May 13
6 k May 25
85
May 3
93
May
5

9

Sale

90

4
8

5
Mar. 30
Jan. 22
Apr.
1

7k Mar. 23
lk Mar. 26

4 k Jan.

19

Jan.

8k Jan.
79
66

Xt
lk
6k
89k
38 k

Jan.

12

5

10

Jan.

10
13

Jan.

4

Feb.
5
Jan. 11
Jan. 22
Jan. 17
9 k Feb. 14
2 k Feb.
4

new york
Since
Jan. 1

Shares

Shares

Jan. 3
1938

350
800

700
mm

m

200

300

25" Sale"

240
120

1,200
13,600
500

1,700
475
150

3,800
1,450

30

m'm

mm

m

.<

32

2,500

90

100

100

92
109

600

225

290 Pacific P 8c L 7% pref

30

8,400

1,100

20

Sale

Pacific Public

9

3

3%

3

4%

mmmmmm

10",200
122,000
100
100
800

17

350

30

8,906

1% May

2%

3

2%

3%

3

26

52

20%
1%
23%

1%
3%
2%
4
2% Sale

..

975

150

1,200
900

100

600
'

mmmmmrn

'loo

250

1,100

"7", 100
3,200

"4,300
680

.

100

7,000
300

1,200
1,400
1,000
1,300

145

122

68

72

66

68 %
26

■

'

17%
11

30

6%

1st

6

45*
75*

35*
2%
17

14

105*
11
5*
15*
x3% Sale
65*
65*
45* Sale
375* Sale
55*
65*
Sale

25*
105*

4% Sale
13

16

18
1%

19

2

195*
2.1

7H
35*
125*

50

5,790

Public Serv of Ind pr

580

4,040

135*

12

19

6*

6

5$

6

4%
84

5%
83

98

55*

5*6
45*

55*
Sale

92

94

5*
45*

10

30

50

1,125
1,500

100
pref,

24% Sale
12 % Sale

73*

14

.....

235* Sale
14
Sale

5| Sale

625*

stock...—60

100

••'-J.v

75
700
170
210

725
75
200

1,800
200
350

1,000
29,000
800
800

3,700
700
600

12,500
400

1,500
600

*

960 Quaker Oats com........

preferred...........100
2,450 Quebec Power Co
*
600

6%

53

conv

50,700 Red Bank Oil Co
8,000 Reed Roller Bit Co new.....*
*
1,400 Reeves (Daniel) com....
*
36,200 Relter Foster OH Corp..
5
3,500 Reliance El & Eng Co
.......

5,400 Reybarn Co.. Inc..........I
58,300 Reynolds Invest com .......1
•
5,500 Rice Stlx Dry Goods Co
1
13,600 Richmond Radiator com
Rio Grande Valley Gaa Co—
Voting trust ctfs
....1
6,800

For footnotes see page




53.

A

18

Jan.

20
26
24
20
6

55*
Sale
45* Sale

35*

45*

7

6%

7%
Sale

95
138 %

1554

Sale
17%

145*

a

145*

15

May 27
May
6
May 27
May
4
45* May 26
92
May 31
125*
5*6
45*
65*

14%

13

33

34

Sale

2

Sale

55*

Sale
245*
45*

Sale

24

155*

22

in
25

35*
'/*•
8%
25*

1%

65
15

45*
15*

5*5
Sale
15*

%

Sale

5*

%

4t

5A«

24

19
23

27

25* Mar.

9

Jan.

8

Jan.

Lay 21
2
[ay

13

Jan.

7

Mar. 30

245* Mar. 28

77

55* May
75* May

'P

3

Jan.

26

45* Mar.

34 5* Mar. 31

7
May
55* May
935* May

Mar. 31

6
5* Apr.
65* Mar. 31
2
25* Feb.

% Mar. 29

25* Mar. 30
115* Mar. 26

Jan. 20
Jan. 24
Jan.. 15
Jan.' 11
Jan.
7

Mar. 21
Mar. 3
95* Jan. 15
62 5* Jan. 24

39

Jan.

Feb.

65* Mar. 31

35* Mar.

30

95

Mai

7

.

1035* Jan.
Jan.

22

115* Jan.

25

12

Jan.

14

85* Jan. 14
Mar.
1

34

Jan.

45* Jan.
Feb.

21
12
24

Feb. 18

18

May 27
15* Mar. 30

12

Jan.

90

Jan.

17

¥

Feb.

16

98

Jan.

18

915* Feb.

May 10
May 13
May
6
May 11

'in
ig

7
9

Mar. 23
Feb. 10
Jan.
8

45* Mar. 28
55

Mar. 25
95* Mar. 30
4
56 Apr.
35* Mar. 30

5* May
55* May

21

725* Jan.

25* Mar. 18
55* Jan. 28
375* Mar. 22

3

21
10

Mar. 25
7

15* Mar. 30
105* Mar. 29
:rl05* Mar. 30

May

14

6

Jan. 14
Jan. 10
245* Jan. 15
4
Jan.
7
26
Jan. 13
Feb.
1
110
25* Apr. 22

29

295* Mar. 30
25* Mar. 30

2
25* May
5
5* May
35* May 12
9
115* May

2

Jan.

15

14

35* Apr. 14
55* Mar. 30
1125* Feb. 11

May 17
55* May 271
755* May 20
5* May 11

205*

7

Jan.

82

24

May

75* May

Jan.

Feb. 25

75* Feb. 23
7
45* Jan.

30
31

545* Apr.

44

May 17
May 13
May
5
May 24
3
May 27
115* May
9

May 10
May 20

9

35*

45* May 23
7
May
2
45* May
2

935* May
May

136

%

%

May

7

80

14

37

Mar. 25
Jan. 10
18
•A
Jan.
7
65* Jan. 21
7
75* Jan.
65* Jan. 22

7

995* Feb. 21

Feb. 25
29 106
355* Mar. 3
18 225* Mar. 3

28

5

95

2

5* May

5

45*
235*
23*
5*
8%
25*
5*
45*

15*

May
6
May 12
May 12
May 23
May
7
May
6

5*
105*
235*
45*

90

8% May

7

5* May
5* May
23
23
2
5
27
13
13
25
27
17

2

4

27

755* Apr. 26
May 20

87

May 16
May 24

5*
165*
355*
45*
75*

9 140
3 155* May 11

May
May
May
May
May
May
May
May
May
May
May
May

33

May 10
May 20

87

5* May
5* May

%
%

13
15
315* 325*
25*
25*
55* Sale
215*
235*
3
35*
5* Sale
85*
9
25*
3%
% Sale
45*
55*
15*
1%

6
5

May 28

8

5*
5*

12

4

25

Mar. 31

59

75* May 10

5*
75*
25*
%6

145* May

15

Sale

25

23

95
Sale

140

5*

2%

~~4% Sale"
90

96
138

90
130

8

2

6
25

15

May 12
May 11

60
55*
175*
31
195*

26

1

5* May
135* May
4

.

8

31

795* Mar. 29 905* Jan.
1215* May 31 1495* Jan.

35* May
65* May

45* May 31
375* May
3
55* May 27
65
May 31

Jan. 11
Mar.
8
Jan.
6

May 16
Apr. 28
Feb.* 8

74

135* May

65* May

May 14

24
Mar. 16
25* Apr. 18

25* May
16

24

Feb. 23

15* Mar. 30
45* May 26

May

3

11

Jan.

18
275* Jan.
31 1055* Jan.

25* Mar. 28
21

Jan.

65* Feb. 25
305* Jan. 17
14

29
31

27
Mar. 31

13

305* May

May

3

28

Class B common..

pref..............*
50c
3,700 Raytheon Mfg. com..
550

13

55* May
75* May

305* May 26
3
May
7
2
May
5
135* May. 4
105* May 26

Jan. 24
Feb.
1
Jan. 10
Mar. 11
Mar. 11
Jan. 27

70

12

200 Rys Ac Utll Invest cl A com.
4,100 Rainbow Luminous Prod A.*

.......*
Raymond Concrete Pile—
Common
*
5,270

14

625* May 13
24
May 31

45* May 27
75* May
6

80
87

775 Railway Ac Light Securities

4,300

67

5

10

Jan.
8
Jan. 16
6
Feb.
3
1454 Jan. 14
135* Jan. 11
245* Jan. 13

66
77

70

"III

6% prior Hen pref....
100
7% prior lien pref
...100

tPubllc Utll Securltlea—
57 part preferred..
400
...,
*
4,290 Puget Sound P 8c L 56 pf
55 preferred
5,860
1,500 Puget Sound Pulp & Timb.
75 Pyle-Natlonal Co com
5,000 Pyrene Mfg
...........10

125

96
May 11
1045* May 13 1045*
23
May 27
305*
14
May 31
175*

Public Service of Oklahoma

100

88

x95

96 preferred..
..........*
Public Service of Nor HI....*

70

82

May 27
15* May 20

135*

11

45*

Sale

7% 1st preferred....

Com 560 par

May
May
May
May
May

5

May
May
May
May
May
May
May

18

165*
18
15* Sale

23
Sale

preferred.......100

10

35*
155*
245*
125*
45*
35*

May 10
May 16

5

17

Jan.

56 Jan.

37

15%

1

900

46

May 11

Mar.
Mar,
Apr.
Mar.
Apr.
Mar.
Apr.
Jan.
May
Mar.
May
Feb.
Mar,
May

95

10,900 Prosperity Co B common...*
2,675 Providence Gas Co........
7,000 Prudential Investors com...*
2,100
96 preferred
*
Public Service of Colorado—
110

45*

25* Sale

15,600 Potrero Sugar com..........5
Powdrell Ac Alexander com..5

600

3

25*
25*

7*

25 Prentice-Hall Inc com.....
2,300 Pressed Metals of Amei .....*

150

3%
2%
13%
15%
11%
13%
%
1%
3% Sale
6
6%

6

65

375 Power Corp of Can com..... *

1,600

45*

7%

5% Sale
36
38 %

10
First preferred.
.100
*
2,420 Pratt Ac Lambert
34,800 Premier Gold Mining.......1

300

Sale

1

900

Sale
12%

2%
5%

22,700

Corp—.....

6%

2%

27,450 Pitney Bowes Postage Meter*
250 Pitts Bessemer & LE RR...50
26,300 Pittsburgh Forglngs Co
*
50
5.810 Pitts At Lake Brie RR
1,400 Pitts Metallurgical Co.....10
42,100 Pittsburgh Plate Glass com 25
4,300 Pleasant Valley Wine Co....1
5,400 Plough, Inc...............*
28,200 Polaris Mining Co........25c

24,400 Producers

Sale

5

2%

50

1,100
1,100

20

31

3%
4
6% Sale

"""466
"

Sale

May 10
May 12

2

15* May
2
45* May 26

35*
805*
835*
1215*
124
1215* Sale
67
655*
675* 655*
545*
24
Sale
26% 24

35*

5

3%

133

425 Phila El Pow 8% pref......25
11,200 Phillips Packing Co
*
40,600 Phoenix Securities common. 1
2,750
Conv preferred A........10
•
15,200 Pierce Governor Co com
200 Pines Wlnterfront Co
....1
62,800 Pioneer Gold Mines Ltd
1

1,100
3,200

15*
2%
25*
25*
1% Sale
45*
45*

15* Jan.

Mar. 29

45*
275*
25%
985*

13
48

4

1075* Apr. 19
25* Apr. 22
25* Mar. 9

83% Sale

11,600 Pharls Tire Ac Rubber Co...l
3,100 Philadelphia Co com ......*
75 Phlla Elec 55 div preferred..*

2.600

10%

8%

2%

1%

1

2,100 Pa Gao Ac Elec class A
*
560 Pa Pow & Lt 96 pref.......
4,400
57 preferred
_.........*
1,850 Pennsylvania Salt Mfg.....50
4,600 Pa Water Ac Power......
•
5,300 Pepperell Mfg Co
100
450 Perfect Circle com.........*

120

24

19

2%
2%
Sale

1%
2%
1%

135* May 28
13
May 27
205* May
2
25* May 18
23
May
2

135* Sale

2%
Sale

75 Pa Edison Co $2.80 pref....

riioo

May 21

15

Sale

May 20
May 21
May 12

155* May
5
55* May
4
35* May 31
15
May 21
155* May 18
155* May 25
225* May 18
25* May 24
24
May 19

125* May 25
45* May 27
35* May 31

135*
45* Sale
3% Sale

13

15%

7

May

3

7

165*

155*

14% Sale
4% Sale
3%
3%

19" ~2l"

5

5%

5

4%
16%

May 19
May 10

5
May 20
May
4 305*
May 25 275*
105
May
60
May
May
5
55*

5
5
75*
29
295* Sale
26% 265*
275* 265*
1035*
1045* Sale

7%

14%

4%

May

28%

28%

'17%

2.50

110,000 Pennroad Corp com vtc__
900 Pa Cent Airlines com

900

15*

16%

7%

200 Penn Traffic Co

'

15*

5%

3%

May

2

4%

preferred
........100
500 Penn Mex Fuel common.....1

mmm'mmm

94

1%

16

18

Sale
5% Sale

18

100 Patchogue Plymouth Mills..*
1,650 Pender (D) Grocery cl A
*
2,100
Class B
*
1,500 Peninsula Telep Co com
•

50

100

300

89

75* May
May

27
89

Sale

4%

5

Sale

89

83

11

9

1*
28

100

900
1st preferred
...—....*
6,550 Pacific Tin special stock....*
41,700 Pan Amer Airways com.....5
636,000 Pantepec OH of Venezuela,.1
300 Paramount Motors Corp
1
450 Parker Pen Co....
10
15,400 Parkersburft Rig Sc Reel Co

'

May
6
May
7
May 14
May 11

111

26%

5

6

Sale
25Vs
26%
103 % Sale
28 %

Service......*

95*
285*
935*
15*

May

895*

5
12

Jan.

43

225* May 25 345*
87
945*
May 11
3 1095*
100
May
1095* Apr. 13 112 5*
7 1015*
945* Jan.
85
Apr. 19 915*
95*
85* Mar. 26
65* Mar. 29 105*
3
31
215* Jan.
3
89
935*
May
25*
15* Mar. 29
55*
55* Mar. 8
3
Jan. 26
35*

9

12

235* Feb. 23

Mar. 30
65* Mar. 30
85* Mar. 28

18

Jan.

24

4

May 26
May 25

May

100

Sale

275K

5

135* May 11
125* May 12
225* May 19

89
3 102
May
5 1115*
May 24 985*

87

Sale

86%
10051a

4

265* May

13

11

9%

10

8%

'

'

10

3

May 21
May 12
May 27

70

1115* Sale

84

101

8% Sale
21H Sale
70
87%
2% Sale

2,000 Pacific Can Co common...
18,100 Pacific G & E 6% 1st pref..25
1,600
5H% 1st preferred
25
1,175 Pacific Ltf Corp 96 pref
*

200

4,200

60

May
6
4% May 27
95* May
2
10
May 27
195* May
3

6
10

95

650
6% preferred
.......100
35,900 Oldetyme Distillers
1
200 Oliver United Filters B
*
2,000 Overseas Securities Co—...*

200

2,200

35* May
5* May

May
4
57% May 16

4% Jan.
15* Jan.
375* Jan.

31

May 11

May 11
May 31
_

.

225* May 25

4%
9%

Sale
86
Sale

24

Sale

108

pref
100
Ohio Power 6% preferred. 100
280 Ohio Pub Sere 7% 1st pref 100
Ohio Oil 6%

6% 1st pref..
....100
1,700 Ollstocks Ltd common......6
34,900 Oklahoma Nut Gas com....15
9,250
93 preferred.............50

m

6",500

16

3% Sale
% Sale

3%
%

40

m

mm

6

64

9% Sale
11H Sale
20
23

Mar. 26
% Mar. 30
Mar. 30
125* Mar. 29
115* Mar. 29
42
Apr.
9
% Mar. 29
35* Mar. 14
5* Jan.
7
47
Apr.
5
50
Apr.
5
3

45* May 26
25* May 10
375* May 13
18
May 20
20
May 10

6

May
4
May 27
May 21

33
15

17%
17%

6%
9% Sale
10
12
19%
20%

,

Ohio Brass class B
*
625 Ohio Edison 96 preferred...*

200

V*

Highest
Sale Prices

43

5

6

1,850

1,000

Lowest
Sale Prices

1

%
3%
%

3I h

North European

14%
14%

43

,

Highest
Sale Prices

3% May
1% May

1%

30

10%

40

48

4°b

Sale

1%

~19%

16%
16%

Sale

20 M

Ask

4

1%

1

Lowest
Sale Prices

May 31

Ask Bid

Bid

3% Sale
1% Sale

Oil com. ...i
840 Norlnd Pub Ser6% pref. .100
.100
1,100
7% preferred
.......
..10
5,300 Northern Pipe Line
40,700 Nor States Power com A_ .100
5,500 Northwest Engineering..
6,700 Noradel Agene Corp.....

30,400

5,100

May 2

Ask

Bid

250
6% prior preferred—. -.50
1,600 Nor Amer Utll Sec com..
5,800 North Cent Texas Oil... IIIb

m

mm

Par

(Continued)

STOCKS

...1
23,600 Noma Elec Corp com
33,500 Nor Amci Lt 8c Pow com. ...1
8,450
96 preferred
7,500 North Amer Rayon cl A.
10,900
Class B common —.....

7,000
7.900

1

Price

curb exchange

In

May

RANGE SINCE JAN.

PRICES IN MAY

SALES

AGOBEQATE

47

CURB EXCHANGE

YORK

NEW

Junev1938]

May
Mar.
Mar.
May
7
May
45* Mar.

6
30
29
23
2
28

136

135* Mar. 21
75* Mar. 15
5* Feb. 15
5* Feb. 23
5* Jan. 28

155* May

5

5*
175*
355*
75*

Feb. 19
Feb. 26

May 12
Jan. 12
7

75* May
7

Jan.

21

Feb.

12
15
155* Mar. 11
10

Jan.

15

5* Feb.
5* Jan.
% Jan.
16

105* Feb.
29

% May

May 10
Jan. 27

Mar. 31 1005* Jan.
Feb.
May
9 140

34

May
2% May
6
8
May 16
25
May 10
35* May 13
5*, May
4
10
May 12
25* May 20
5*6 May
5
4 % May
2
15* May 12

80
89

17

Feb.

14

34

15* Mar. 29
35* Jan. 28

9
10
13

2

Mar. 31

19

13

May
2
% May
6
8
May 16
285* Jan. 17
4

Feb.

4

% Jan.

17

115* Jan.

15

25*
5*
8%
25*
5*

May
Mar.
May
Mar.
Mar.

4

Mar. 31

Jan.

0

1

Mar. 30

25* Jan.

12

5* Mar. 31

56 Jan.

14

31
25
26

31

Mar. 21
Jan.
7

48

NEW

AGGREGATE

YORK

SALE 3

PRICES IN MAY
NEW YORK

Since

May

Jan. 1

Shares

1938

STOCKS (Continued)
Par
600 Rochester G & E
6% pref.100

2,300 Roeser & Pendleton Inc
8,100 Rome Cable Corp common

100
800

1,800
500

1,100
200

250

850

$2.50

2,775

Safety Car Heating & Ltg

*

St Anthony Gold Mining...1
St Lawrence Corp Ltd
»

75

125

10

IX

3

2

9

4X

JJ
39

40*' 42H

A $2

cony

pref
50
158,600 8t Regis Paper Co
1,800
7% preferred
100
6,700 Samson United Corp com..
4,100 Savoy Oil Co

Sale Prices

4/8

At

43

5X
6X Sale
33
3534
2X
3H
X
%

38

3*4
IX Sale

82

5

X
39

32

5

7*4 Sale

!3X

5

%

X

Sale

34*4

%

36*4
234
%

Sale

70

At Sale

130*

X
3X

F

1

3

May 25
12*4 May
5*4 May 25
1*4 May 11
2
May
3
4*4 May 19
At May
38
May 26
5
May 16
634 May 26
3534 May
5
234 May 11
*4 May 11

10 X

Sale

2X

Sale
5
14
Sale

"2k
9

41

534
634

36*4
334

*4

230 Scranton Elec $6 pref..
130 Scranton Lace Co common.

"2X "254
IX
12*4
23 X

"2" Sale'
IX
ox
19

IX
13
25

"25" "35"

234
12
20X

18"" "22"

"2"" ""2 k
IX
IJi
934 Sale
18

Sale

May
May
May
May
May
May
May
May
May
May
May
May
May

Lowest

13
7
17
11
6
2
7
9
12
13
11
7
14

May 26 x77
May 12
*4 May
2
At May
6

jx
13

2*4 Sale

95*4
12*4
634
1*4
2J4
4*4
*4

'

3 *4

"May 11

52*4
2*4
1 *4
10*4

May
6
May 21
May
3
May 16
May
6

2*4 May
50
May
2
May
1*4 May
9*4 May
18
May

21

18

5,100 Schlff Co com...
8,000 Scovllle Mfg Co

1,700

11X

6X
IX
2X
Sale

IX

Sale

8

14

5

3

15,300

800
500

16
6

34

200

1,300

5*4
X

*

4,000

.

pref

con?

Highest

Sale Prices

Ask

Ask Bid

93

10 *4

15,200 Ryan Consol Petroleum
w
23,500 Ryerson & Haynes Inc com. 1

800

1,000

Lowest

May 31

May 2
Bid

Ask

*

6,000 Royal Typewriter com...... *
6,900 Russeka Fifth Are Inc. ..2.50
33,900 Rustless Iron & Steel Corp._l

400

3,300

Bid

5

4,000 Roosevelt Field Inc
„.5
19,200 Root Petroleum Co com.....
2,900
$1.20 conv preferred
20
3,000 Rossia Internet Corp

100

20

IS"" "23"

Scranton-Spring Brook
275

950

500

Water Serv $6 pref
Scullin Steel Co common..

7,300
18,100
Warrants
1,900 Securities Corp Gen'l

2,300
300
200

800 Seeman Bros

24,300
1,000

98,700
14,200
1,500
24,600
2,600
4,500
2,050

300

2,300
150
550

200

1

600

*

common

Seiby Shoe Co

...25
Allotment certificates.

87,325 Seversky Aircraft Corp

370

Simmons-Boardman
50

1,000
400
50

52

Corp

conv

54 X

5,600
1,100

1,100
1,600

5

50

600

1,600
800

83

Solar Mfg Co
Sonotone Corp

5X

18,300
1,100

134
3X
2%

24*4

25X
23 X

26*4
24X

3X

134

26 X

24

10

IX

,

140

148

125

4X
4X
IX
2X
6X Sale

145

4*4
Sale

6

Sale

37X

38

32*4

33

21X

25

19

23

6

(Nebraska)

150

150

10,400
11,400
200
300

27,150
29,200
3,100
2,000

25
100

com.

Class B common

*

$7 preferred
Standard Products Co

*8

2X
X

234 Sale
1*4 Sale
3*4.
4
2*4
2*4

26*4
25

*4

1534
21*4
2

Sale

1*4
120

3*4
1X
At
17*4
22*4

8*4
9*4
19*4
21
99*4 101*4
1*4 Sale
IX Sale

6*4

2*4

3*4

Standard Steel Spring Co..5
Standard Tube class B
1

6*4

18

Sale

95

F

3234
18*4

33*4
2434

99

5

150

phate & Acid Works.....20
81.400 Starrett (The) Corp v t c__l
550 Stein (Aide Co com
•

2*4
11*4

1,100

9,600 Sterchl Bros Stores Inc.....*

3*4

25

400

1,800
900

""400
700

400

500

1,400
66,600
4,400

Sunrav Oil

5V<%

conv

.

preferred..

.

31,900
8,500
7,600
13,200
197,400
41,900

350

1

..50

150 Superior Port Cem B com
500 Swan-Finch Oil Corp

*

common

Teck Hughes Gold Mines... 1

90

6

Sale

4*4
2*4

'

12,500 Texon Oil & Land Co
.2
12,550 Thew Shovel Co common...5
..

see




page 53.

Sale
12
2*4

7*4 Sale
1*4
1*4
11

13

7*4 Sale
11*4
16*4
3

30*4

434
5
3*4
4
2*4 Sale

4*4
2*4

Sale

34

"5**4 "§"*4
4*4 Sale
27

29

IX
1*4
16*4 Sale
5*4 Sale

500 Tenn Ei Pow 7°l 1st pref.. 100
410 Texas P & L 7 % pref.
10

1,200
1,350

For footnotes

4*4
1034
2*4

"

1*4
1*4
8*4 Sale
7*4
7*4
8*4
12
2*4 Sale
29
33

'"5*4 "7"

11

May
7
6*4 May
7
May 11
19
May 27

34

"3 k May" 16

IX

16" May 17
21*4 May 20

17*4 May 10
22*4 May
7

2 *4 May 18

7
May 27
15*4 May
2

13
20

17*4
21

2*4
9

1634 Sale
6

17*4

6*4
18

92

97

*4
X

$ I

X

8

2

3

3*4
10*4
234

4
12
2*4

58

4*4
10*4 Sale

27
2
23
27
26
12
2
2
28
9

3*4 May 27
10*4 May
4
2*4 May 27
25
May 10

12*4 Apr. 16
2*4 Mar. 30

13

May
5
3*4 May 21
2*4 May
2

5*4
1*4
8

7
9

2*4
29*4

Sale

1*4
8*4
734
12*4
Sale
33

5

60
4

8

4 *4

*4 May

*4 Mar.

8

15

12

Mar. 29

16*4 Jan. 21
3*4 Mar. 30
*4 Mar. 29

4*4
66*4
Sale

10*4

13

20

Apr. 28
7*4 Jan. 12
134 Jan.
5
1 *4 May
9

1

Mar. 22
30*4 Mar. 31
*4 May 26
2

35

11*4 May 27
*4 Mar. 18
5

Mar. 24

134 Jan.
4*4 Jan.

Mar. 25

17

Mar. 24

34 Jan.
5*4 Jan.

Jan.

26
11

Jan.

12

Apr.

Apr. 23

Apr. 11

At May 23
8*4 Apr. 11

1634 Mar. 23
1*4 Mar. 25
2*4 Mar. 26

16*4 Mar
2*4 Jan.
5*4 Jan.

Mar. 31 243

Jan. 15
Mar. 17

Jan.

12

5*4 Jan.

12

88

Jan.

13

Mar. 17

15

1*4 Mar. 26

334 Mar.

134 Mar. 26
334 Mar. 28
234 Mar. 30

1*4 Jan.
6*4 Jan.
3*4 Jan.

25*4
23*4
34*4
1*4
38
140

Mar.
Mar.

28

27*4 May 14
25*4 Feb. 15
39
May 20

Apr.
Mar.

Feb. 21

2

45
May 12
4
140*4 Feb.
5*4 Jan. 20
3
Apr. 11

May

Feb.
3*4 Mar.
2
Mar.

5*4 Mar.
Apr.

?§*

Jan.
Mar.

J*
39

2234 Jan.

May

*4 Feb. 24
34 Jan. 20
3

At
34
4*4
1*4
*4

26
20
11
17
5

Jan.

26

Apr.

10
May 10
16*4 May 12

15

17
24
7
6
12
12
13
5
9
9

4*4 May
9
May 25
3
May
6
25
May 10
11

6*4 May

3

9

2

Apr.
7
Mar. 29
Mar. 31

6*4 Mar. 29
16*4 Mar. 30
May 23
% May 27
% May 26
18
May 12
3*4 Mar. 30

92

At Feb.
7
6*4 Mar. 26
2

2*4
10*4
2*4
2434

Apr.

1

2

12

Jan.

7

14*4 Jan.

14

18

10

Jan.

7*4 Jan. 26
22

Jan.

99*4
1*4
1 *4
18*4
8*4
At

Jan.
Jan.
Jan.

10
5
14
3

May
May
Jan.
9*4 Jan.
3*4 Apr.

12
13
3
10
11

29

Mar. 11

7

Mar. 24

8

2*4 Feb. 21

Jan.
4
Apr. 16
Apr.
2
Mar. 31

3*4 Apr.
1
3*4 Mar. 29

1

Feb.
Jan.
Jan.
Jan.
Jan .

2

22

8
31

2*4 May 19

11
5

2
4
11

18

6*4 May
18*4 May
May
1 *4 May
1 *4 May
18*4 May
8*4 May
At May
7*4 May
2*4 May

23
13
14

.

22*4 Mar.

97

11

134 Jan. 10
8*4 Jan. 19
60*4 Mar. 4
61 *4 Mar. 4

1*4 Jan.
3
3*4
5*4 Mar. 30
10*4
18*4 Apr. 26 20
66
95
Apr.
1
107
Jan. 27 111*4

212

10
21

Jan.

Jan.

8

5*4 Apr.
8
12*4 Jan. 26
4*4 Jan. 20
Jan.

21

Mar. 11

7*4 Jan.
4*4 Jan.
3*4 Jan.

25

8

10

"2*4"May"20
29*4 May 27

4

29

*4
*4
18*4
4*4

4
6
24
4
2
28
12
6
24
27

May
7*4 May
3
32

5*4

May
4
May 10

May" 17

534 May 19
31*4 May 20
*4 May
6
% May 10
24*4 May 24
4*4 May
3
70
May 23
95
May 13
4*4 May 10
11
May
3

5*4 Mar. 24
1*4 Jan.
8

8*4 Jan.

12

2

12

Feb.
Jan.

17

7*4 Mar. 30
7

Jan.

10

Mar. 14

8

May 27
7*4 May 21

May
May
May
May
May
May
65
May
94
May
4
May
8*4 May

*4

Jan.

16
13

18
May 31
2934 Jan. 11
Jan. 18
111*4 Apr. 16 113
20
Feb. 26
Apr. 19 25

18

5*4 May 14

4*4

Sale

9

13
27

Mar. 26

Mar. 18
1*4 Jan. 17
34 Jan. 13
12*4 Mar. 30

9
6
2

"5*4 "May" 17

Sale

11

1*4 Mar. 29
1*4 May 25

42

6

4*4 May
4*4 May
2*4 May

6*4

Sale

13

Jan.-

Apr.
4*4 Jan.
63*4 Jan.
3*4 Jan.
234 Jan.

7

4*4 Sale
3*4
4
2*4 Sale

21*4
4*4

29%

6*4 May
May
May
% May
% May
18
May
5
May
At May
7*4 May
2 X May
18

92

Sale
IX

7

1*

4

"2*4

6

18*4 Sale
4*4
4*4
50

Sale

2
May
6
May
32*4 May
4
19
May 27

17

4*4
29*4
*4
*4

2VA
t

27*4 May 14
25*4 May 12
39
May 20
2
May
6
45
May 12

*4 May

Sale

'At Sale
7*4
8*4
2*4
3*4

3
13
4*4

May
24*4 May
39
May 20
1*4 May 24
38
May 28

2*4 May 11
1 *4 May 20
May 10
2*4 May
5
4

3 34 May

*

15

Taggart Corp com
1
Tampu Electric Co
..._.*
Tastyeast Inc class A.......1
Taylor Distilling Co
1
Technicolor Inc

At May 23
May 18

2

20

900 Sunray Drug Co common...1

87,550
2,900

10

At

.......50

preferred

5,175 Stetson (John B) Co com...*
3,600 Stlnnes (Hugo) Corp
5
4,500 Stroock (S) & Co Inc
...*
11,400 Sullivan Machinery Co.
*

""200
7,700
1,900

2d

13,700 Sterling Aluminum Prod
1
5,200 Sterling Brewers Inc
...I
22,300 Sterling Inc
.1

"

6 ,806

1st preferred

350

"i',306

350

92

5*4 Feb. 24

4*

Standard Wholesale Phos¬

3,700

26

3
11

4

3H

% Sale
X
X

5*4 Sale
*4 Sale
7*4 Sale
2
■>
2*4

May 25
1 *4 May 17
3*4 May
2
2*4 May
5

Feb.

Jan.
1*4 Jan.

4

Mar. 29
*4 Jan. 20

11

15
11

9*4 Jan.
38

28

10

11
1*4 May
4
May 26
3*4 May
3
May
9 235
May 18

2

Jan.

17

5*4

ig

2*4
8*4

"15*4 Sale"

Sale

6

15

At Jan.

140

6

1?*

27*4

*

1

Standard Silver Lead......

48

49

Mar.
Jan.
Jan.
Feb.
Jan.

154 Feb.

X

*4

3*4
1*4

7

5% pref

15
22

IX
3*4
9*4
At

4*4 Mar. 28

34

1*

new

90.000 Standard Power & Lt

7,400

2

3*4
2*4

1

Standard OH (Ohio) com..25

Mar. 30
Mar. 31
Jan. 13
Apr.
2
Mar. 30
5
Mar. 28
35
Mar. 18
2*4 Mar. 30
*4 Mar. 22

1

1*4
3*4
At
3034
4*4

1*4 May 23
*4 Jan.
5

1*4 May
3

1334 Jan. 21
7*4 Jan. 10

13

IX Sale

26 X

50

IX
3X

3

1
Mar. 29
Jan.
7

4

88

2X
Sale
Sale
3

25

....

Standard Oil

*4 May 19
8*4 May
6

96 *4 Feb.

11*4 Apr.

1*4 May 21
At May
9

4*4 May 26
4*4 May 24
2*4 May 27
3
May
2
5*4 May 27
7*4 May 12
19
May 31 19
May 31
70
May 31 89*4 May
7
108
May
2 1110*4 May 12

At Sale
OX

2

6X
3

2,850 Stand Invest $5*4 pref w w__*
38,900 Standard Oil (Kentucky)..10

975

Sale

4X

Common

2

% May 24

230

20

2,900
15,810

.54 X May

Sale Prices

Mar. 30
48*4 Mar. 31
49*4 Mar. 31

5X

Standard Dredging Corp—

75

Sale

4X

16

1,700

Sale

70

IX
2X4

5*4
2X

com......

pref

19
Sale

2

15

conv

s£*

3X

25

Conv preferred

$1.60

X
At
234
4
4X
4X
2*4 Sale
534 Sale

4*

15A
2Vi

17

500

55

56*4

9

1,800 Standard .Brewing Co......
5,000 Standard Cap & Seal com
-if

2,800

£y*

52

62X

8%

4,900

400

J*

7X

1

5,500 Spencer Shoe Corp

K

Sale
Sale
Sale

3

Spanish & General Corp Ltd
Am dep rets ord reg shs..£l
1,900
100
Am dep rets ord bear
1£

500

600

%*■

5X

2

...1

com

500 So West Pa Pine Lines.

300

Sale

"'h

5*4

1

6,900 Southern Union Gas com..
17,000 Southland Royalty Co
5
14,200 South Penn Oil
25

346 Stahl-Meyer Inc

2

6x4 Sale
6X

Sale

Am dep rets ord reg she.. £1

7% preferred
100
80 South New Engl Telep Co. 100
2,000 Southern Pipe Line
..10

200

5,800

3

108

140

"366

""300

4Va

4X
IX Sale
6X Sale
19*4
20X

690
5% original pref
25
3,100 Southern Colo Pow cl A. .25

50

35
2934
*4 Sale

Highest

Sale Prices
90
Apr.
6

6
10
10
9
17
9
4
17
3
2
11
14

May
May
*4 May
1 *4 May
31
May
% May
2 *4 May
1234 May
*4 May
6*4 May
56*4 May
55*4 May
6

•

...

7,400 8ou Calif Edison prof B
6,600
5*4% pref class C

800
140

1:

Pub

pref

S088 Mfg Co
8,300 South Coast Corp

100

35

Sale
2X

2*4

25 Sioux City G & E 7% pref.100
25 Smith (Howard) Paper Mills

7,000
42,600
7,200

134

May 17
4*4 May 27
34 May 14
1
May
9
31
May 17
*4 May 26
2
May 31
11*4 May 27
*4 May
5
6
May
2
53
May 20

.■4*4.May 23

15,300 Simmons H'ware & Paint Co *
IX
IX
9,200 Simplicity Pattern Co
1
5
6
1,390 Singer Mfg Co.
100 224
Sale
SlngerMfgLtd—

3,400

400

53X

4

..1

Mining.

6X

59
58

51

Shreveport Eldorado
2,500
Pipe Line stamped......25
5,000 Slier Co (The) common
*

1,600

34

"~X ""%

3*

com

1,500 Shawlnigan Water & Power. *
31,300 Sherwin-Williams Co com..25
1,030
5% cum pref A A A
100

1,000

X
2X

8

7X

1

com

13,200
5,300
5,800

31

Sale

•

Serrick Corp class B

"5",400

Denn

X

*

com

$5.50 prior stock

59.300 Shattuck

45
Sale
Sale

IX
2X

Sale

1

IX

36

Selected Industries........!
Convertible stock
5

Seton Leather

5X
X

Sale

IX

*

com

"""200

100

♦

com..

Segal Lock & Hardware

Selberling Rubber

7*4

6*4

Selfrldge Prov Stores, Ltd—
1,400
American dep rets....
£1
6,000 Sentry Safety Control
1

1,000

1

Jan. 3

Shares

200

RANGE SINCE JAN.

Price

CURB EXCHANGE

In

21,500

EXCHANGE

CURB

Mar. 28

5

2*4 Mar. 31
29*4 Apr. 13
8
Apr. 18
534 May 17
2*4 Mar.
26*4 Feb.
X Mar.
Mar.
14 34 Mar.

4*
94

11

7

Jan.

15

Feb. 23

5*4 Jan. 10
31*4 May 20

li

Jan.
Jan.

10
11

24*4 May 24
Jan.

May
Mar.

70

May

102

3*4 Mar.
6*4 Mar.

7

13*4 Feb.
1
3*4 Jan. 18
36*4 Feb.
1

5

May 23

Jan.
4*4 Jan.

24

7

12*4 Apr. 22

NEW

June, 1938]
AGGREGATE

NEW YORK
In

Since

Shares

Ask
Sale

Bid

50"" "57"

50

8

9

2%

*

16,200 Tobacco Prod Exports

900

May 2

1938
Bid

STOCKS (Concluded.)

325 Tobacco A Allied Stocks

50

;

Jan. 3

EXCHANGE

8,700 Tilo Roofing Inc
.......1
300 Tlahman Realty & Con«tr__#

1.400
.

CURB

*

2N

2%

2%

Lowest

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

Sale Prices

May 31

Ask Bid
9%
8%
2%
4%
54 N
2N
3

Ask

8% May 27

9%

10N May

9

7% Mar. 31
3

4%
53 N "May" 12

'54N~May~ii

2N May 11

3N May 11

3

Apr. 22

50

Mar. 18

2N Mar. 31

10N Mar.

4
17
Apr. 20
3N Feb. 21
Feb.

5

55

Tobacco Secur Trust Co Ltd
Am dep rets ord reg sb»..£l
1,000
Am dep rets def reg
1,200
5s
3,950 Todd Shipyards Corp...... .*
130 Toledo Edison 5% pref-.100
220
7% preferred A........100
2,710 Tonopah Belmont Develop—1
12,400 Tonopah Mining of Net
1
23,900 Trans-Lux Plct Screen com.l
10
42,900 Transwestern Oil Co
14,900 Trl-Contlnental Corp Warr.

.i.

100

575
20
120

2,000
1,000
1,800
6,000
1,600

1

Price

Jan. 1

Shares

RANGE SINCE JAN.

PRICES IN MAY

SALES

May

49

CURB EXCHANGE

YORK

100 Trunz Pork Stores Inc

16%
2

44 %

16

17N
2%
Sale

°A

49 %

15N

17 N

2%
52

50

A5/*

«§*

99 N

N
2% a2%
5 % Sale
%
J<i
7%
8%

—*

Sale

IN May 16

IN May
May
86 N May
99
May
A May

52

49

% May

9

86 N May 24
100 N May

17

% May
2

May
4N May
% May

2N May 13
6
May
7
N May
4

2

2N

4N

A May 24
N May 20

Sale

N

8N

Jan.

15N Feb.
IN Feb.

13

Jan.

28
Feb. 26

56

Mar.

44

Jan.

19

Jan.

22

Jan.

20

x85N
98 N
A
%

Apr.
Mar.
Jan.
Mar.

1

Jan.

21

2

Mar.

3

Jan.

4N May
A Mar.
7N Mar.

7

Jan.

20
11

Jan.

13

H

103

Mar. 16

Tublze Chatlllon Corp—
'•

Common
39,100
Class A
5,600
13,500 Tung Sol Lamp Wks
80-cent div pre!
4,600

3,500
700
800
400

1,800

900

Ulen & Co series A

1
1
com...

1

*

2%
6%

3%
8

7% Sale
24%
2% Sale
4%
6

1

1H

IN
1%
1%

7% Sale
Sale

25

pref___._*
*

Series B pref
100
8,300 Unexcelled Mfg Co Inc.....10
7,500 Union Gas of Canada
1,300 Union Investment Co com..*
—

"Y.566
800

"2"300

19,400 Union Premier Food Stores. 1
50 Union Traction Co

22

2%
2

IN

12

111
Sale

10

13

3%
10%

4%
U
4

1

50

6N

21

20

2N
5N

2N
6

m

ih

|

128,200

Warrantee........

10% Sale

.......

12

IN

8% Sale

7N

2N May 16

Sale

8N May

9

5N Mar. 26
May 21
Mar. 31
4N Apr. 20

23 N May 10

20

5
7

2

2N May
5N May

2N May 16

IN Mar. 26
Mar. 16

2

1% May
IN
May 19
12 N xl2
4
12%
10N May
7
4N

IN
UN
3N

United Alrraft A Transp—

30,200

5N May 26
May 21
2N May
2
5
May 11

Sale

18

6N May 27

IN May
13
May

3
4

12 N May 23

UN May 10

N Mar. 30
UN Mar. 30
3N Mar. 30
10
Jan.
3
2N Mar. 21
4N Mar. 30

United Chemicals Inc—

1,400
'I'?:'-

3O"6OO

t;

6,700
70,600
3,900
5,500

25,806
1,700
36,800
50

119,700
1,150

225

United Milk Products

275

100

$6 1st pref

1,900

com.

%
"

&
Sale
O

3

79

77

3
Sale
3N
4N
21% Sale
17%
20

71

2%

Sale
2%

2

17%

18%

20

26
70

69%

3$ Sale^
Sale

82

% Sale

2N

Sale

2

2N
Sale

19 %
18

23

Sale

70

9^-

May 26
79
May
3
% May 31

5
May
7
May
4N May
9
89 N May 12
IN May 10

2N May
2N May
18N May 31
18
May 25
68
May 27

N May

5

3

is

2N Feb. 28
Mar. 16

2

IN Mar.
15

Jan.

2
14

6N Jan. 11
14 N Jan. 21
2N Mar. 21

12% Jan.

Mar.
N Mar.
N Mar.
2N Mar.
69
Mar.
A Mar.
62
Apr.

6

Jan. 20
Feb.
2

34

% Jan.

3N May 10
3N May 11
26N May 11
19
May 25
70
May 31

A May 31

A Sale

%

%

1% Sale

68

S3 preferred..,

Sale

11

12
12

4

30

45

32

32

12

Jan.

3N Jan.
7N Jan.

Mar.

2

3N

2N

2%

Common

200
S3 cum partlc pref
*
120,800 Un Cigar- Whelan Stores. 10c
20,300 United Corp warrants
...1
340,300 United Gas common
13,800
$7 1st non-vot pref
*
Warrants
33,600
170 United G A B 7% pref... 100
•
127,000 United Lt A Power com A
Common class B._
._...*
10,800

11% Jan.
35

5S

10

Jan.

4

Jan.

12

100

Jan.
Jan.
77
Jan.
3N Jan.
4N Jan.
26 N Jan.

6

13
18
11
12
13

Apr. 27
May 31

70

United Molasses Co Ltd—

6%

Am deo rets for ord reg

6%

5%

6%

4N

5N

1

%
8%
9%
1%

%
10%
Sale
Sale

%
8N
8N

%
10N
Sale

4,200

44"400

155~,406

Preferred

..10

United Shipyards class A__
Class B
1
88,600
35
15,425 United Shoo Mach com
Preferred
25
2,140
8,500 United Specialties common. 1

31,700
4,875
460

1,300

•
25,800 U S Foil class B
*
6,700 USA Internat Sec com
1st preferred with warr
*
6,350
9,200 U S Linos Inc pref
*
10
2,750 U S Playing Card com
14,700 U S Radiator com..........1
8,700 U S Rubber Reclaiming....*
3,700 U S Stores Corp com
.....*

4,000
1,500
1,550
200

700

3,200
300
100

660

S7 Conv 1st pref.........

3,700
3,400

300 Universal Consol OH Co...10

"3", 200

19,900 Universal Corp

....1

v t c

150 Universal rnsurance.. .....8

100

1,900

""200

Universal Pictures

8

11

2% Sale
1%
Sale

1

Sale

60

Sale

66

Sale

5

5%

3

Sale

42% Sale
2N
3

5%

c%

50 %
1%

Sale

1H

Sale
1%
21%
22%
2%
3
in
2%

650

4

4g

1

IN
25

23

3N
2N

IN
IN
23

Sale
2%

Sale

i%
iy
2% Sale
5
8%
1% Sale

IN
IN

9

7

13

3H

4%

1%

1

com

%

1%

IN

AH
2%

IN

10

6

4N

m

25
3

IN

N
IN
IN

N
IN
Sale

8

7% May
N May
May

60

40% May 10
2N May 26
3N May 27
N May 11
46
May
4
1
May
5
23
May
9

2N May 23
2
May 19
% May 16

1%
IN
34 % Sale

% May
2
IN May 27
IN May 26

11
Sale

2

6

3N
9

650 Universal Products Co.....

16,300 Utah Idaho Sugar Co
3,550 Utah Pr A Lt 57 pref

2,800

^

71

1

N May 27

9N
IN
71N
42 N
3

May
3
May
4
May 19
May 31
May
2

4N May
% May
49 N May
1
May
24

May
3N May
2N May
N May 16

*

4,600 United Stores Corp com vtc *
49,700 United Verde Extenolon..50c
2
52,000 United Wall Paper

900

%

Unit Profit Sharing com.. 25c

6N Jan. 28
5N May 12
5N May 12
Jan. 12
26 215 N May 26 215 N May 26 230
1
Jan. 10
% Feb.
9
N May 10

5N May 12
215 N May

40 United N J RR A Canal..100

20

300

1

N May
1N May
IN May

9
4
5

May
5
May 21

8

2N May 18
7
May 21

May 31
May 10

12 N May 14

4N
Sale
Sale

9
1

a

34% May

2

IN May 21
40
May 10

IN

*
4,900 Utility Equities com
Priority Stock
♦
2,375
5
3,900 Utility A Ind Corp com
Conv preferred
10,000
......7
1
38,000 tUtil Pow & Light com....
Class B common.......
1
1,500

100

1,400
2,000
10,900
500

5,150

350

16,900 Valspar Corp

4,400

1
5

common

450
54 conv pref
5,600 Van Norman Mach Tool com 5
...10
7,400 Venezuela Mexico OH
1
51,200 Venezuelan Petroleum
300 Virginia Pub Serv 7% pref 100
._.*
4,200 Vogt Mfg Corp..

350

1,400
200

6,900
70

300

*
5,900 Waco Aircraft Co
*
6,900 Wagner Baking com v t c
50
7% preferred...........100
*
300 Wahl (The) Co common

900

2,700

"""166

34

IN
%

2N Sale
26
12 n

Sale

3%
1%

14%
3%
in

6%

6%

2% Sale
10

11

400

3,600
300
200 1
1
700

2,500

1,700
6,100
16,100

100 Western Grocery

20

com

13 N

IN
22 N

IN
30

18

14

15

15 N

6

'A

2
'A
Sale
10N

J*
23

3N
IN Sale

2N
N

Sale
2%
Sale

6N

4N

5N

3

5N

IN Sale
6N Sale

IB

ll
2%
3

2%
Sale

8

10N

IN May 18
37 N May
9

May
May
May
May
May

10
26
20
10
26

IN May
21
May
15
May
2N May
% May
60
May
5N May

20
26
3
28
31

%
IN
%
%
8N

27

25

IN May 31
6N May 13

IN May 31
40 N May 11
N May
6

1N
N
N
12 N

May
6
May
5
May 31
May 10

IN May
23
May
16 N May
3
May
IN May
63
May
5N May

13
4

20
10

2
25
13

2N May
9
7N May 11

IN May 27
May 21

6N
%
N
7
5

V

4%
Sale
2N Sale
N Sale
6N
11
3%
2N

May
2
May 27
May 28

May
9
May
6
2N May 26
2
May 26
N May
2
4

2N

IN

2N
2

IN May 27
6
N May
2
IN May
4
7N May 14
5
May
9
4N May
9
2 N May
9
2N May 10
N May
4
6 N May

"5" "n~"

Feb.

3
14

77N Jan. 11
42 N May 31

3N Mar. 31
N Mar. 30
42
Mar. 29
1
Mar. 30
22
Feb. 11
2
Mar. 30
IN Mar. 30
N Jan. 19
3
Feb. 14

6N Jan. 10

N Feb. 21
IN Jan. 20
IN Mar. 29
7
Jan. 31
1N Jan.
3
7
May 21
3
Mar. 29
9
May 31
1

Mar. 26

31

Mar. 26

Mar. 25
1N Apr. 29
36 N

Feb.

5
25
30
28
7

N
IN
%
%

Jan.
Mar.
Mar.
Mar.

7

Mar. 25

IN Mar. 30
21
May 26
11
Mar. 31
2N Mar. 29
N Mar. 26
59
Apr.
5
5N May 25
IN Mar. 29
5N Mar. 29
Jan. 28
IN Mar. 8
6
Apr.
7
N Apr.
2
N May 27
6
Mar. 30
4N Apr.
1
3N Mar. 26
IN Mar. 30
2
May 26
N Apr. 28
8
Jan.
7

83

IN
7
N Sale
IN
IN

Rights when issued

22,700

IN

N
IN
N
N

37

IN

Weisbaum Bros-Brower Co-.l

7,500 Wellington OH Co common. .1
1.25
20,000 Wentworth Mfg Co
17,800 Western Air Express Corp_.l

IN

IN Sale
32

6

1,200 Waltt A Bond Inc class A..*
Class B
*
1,500
1
11,500 Walker Mining
5
3,500 Wayne Knitting Mills

400

1%

3L8%

10

100

7% preferred

3

30
4
2N Mar. 26

1

300 Utah Radio Products com._l

"MOO

9N May

2N Jan.
N May
50 N Mar.
39
Jan.

6N Jan.

IN Jan.
57

13

11

Feb. 28

IN Jan.
24
Apr.
4N Jan.
3N Jan.
N Jan.
5

Jan.

10
29
20
13
11
13

A Mar. 29

IN Feb. 23
2N Jan. 13
11

Mar.

3N Jan.

1

12

8

Mar. 23

8

Jan.

11

16 N Feb.

18
10
15

IN Jan.
43 N Jan.

IN Apr. 28
2N Jan. 15
Jan.

6

N Jan.
2N Jan.
■'A Jan.

3
17

2

14

44

Jan.

17N Jan.

2N Jan.
23
Apr.
16 N May
3N Feb.
IN Jan.
77N Jan.
i7N Feb.

3

8
6
27
20
23
18
18
14

3N Jan.
11% Jan.

6
10

83

28

Jan.

IN Mar.
7

Jan.
N Jan.
Jan.

8
4

12
10

Apr.

14

Jan.

12

Jan.

17

May
Jan.

9
13

Apr. 20
8

Jan.

7

30N Mar. 31

75

Jan.

12

16 N May
4
9
Feb. 10

22 N Mar

14
2

Western Maryland Ry—

310

470

100

950

200

35

400 Westmoreland Coal Co.....*

7% 1st preferred

...100

May

9

38

May 10

Western Tablet A Stationery

V

.._._*

Common

16

22

16N

18N

14 N

18N

16 N May
4
9
May 10

16 N May

16

May
May
May
May
May
May
May
93
May
6N May

4
9N May 26

9N Mar.

West Texas Utilities Co—

50

200

800

12,000
2,150
3,000
8,100
6,100
7,000
4,400

200
100
600

300
400
500

Weyenberg Shoe Mfg Co
Williams (R C) A Co

1
.*

tWU-Low Cafeterias com...!
Convertible preferred
*
Wilson Jones Co com
Inc

*
1

60 Wisconsin P A L 7% pref.100
10
4,700 Wolverine Port Cement

"""200

48,100

17,600 Wolverine Tube Co com....2
1
8,100 Woodley Petroleum Corp
Woolworth (F W) Ltd—
Am dep rets ord shs
...5s
2,900
233,600 Wrlght-Hargreaves Ltd.....*

3,300

24,000 Yukon Pacific Mining Co—5

— 1,400
1,500
600

—-

IN
4N
4N
2N
N
N
8N
6N

._*

Williams OlI-O-Matlc Htg.—*

1,800 Willson Products

500

69 N May

56 preferred.
W Va Coal A Coke com

For footnotes see page 53.




Sale
5N
5
2N
Sale
N
10N
9

IN
5

IN
5N

4N

o

3

3N
N
N

A
N
7N
6

8%
Sale

IN May
2
May 21
4N May 26
5

2 N May

N May
% May
7N May
6
May

5
2
5
23
31

20
2
27
26
7
2
5
10
14

Mar. 29

May 26
3N May 27
5N May 25
2

3
5
6N

2N
3N
5N

3
4N
6N

16N
7N Sale

14 N

7N Sale

7N

15N
Sale

15N May 27
7
May 24

IN Sale

IN

IN

IN

IN May 27

2N
4N

*88 X*

15N

6

IN

2N May 24
5
May
9
6N May 11
15£
7

May 16
May 18

IN May

3

May 20
18

2N Jan.

7% Jan.

Mar. 28

Mar. 25

Apr.

9

yi Apr.
8
7N May 23

6

May 31

58N Apr. 20
2n
2%
4% Sale
6%
7

73

Mar. 25

V* Apr. 22

2

Mar. 29

10

5N Feb.
9
4N Jan. 18
N Jan.
4
1
10

Jan.
Jan.

14
14

9N Feb.
9
66 N Feb. 11
Jan.

12

3N Mar.31

Jan.

11

5N May 25

6N Jan. 24

14N Mar. 18
6N Mar. 31

16N Jan.

8N Feb.

28

3

in Mar. 30

2N Jan.

11

50

NEW

YOKE

CURB EXCHANGE

AOOBBOATB

PRICES IN MAY
NEW 70BK

Jan. 3
1938

RANGE SINCE JAN. 1

Price

CURB EXCHANGE

Since
Jan. 1

Ask

Bid

May 2
Bid

Lowest

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

Sale Prices

May 31

Ask Bid

Ask

BONDS

28,000 Abbott's Dairy 6s
1942
983,000 Alabama Powar IMi
1917
201,000
1st Ac ft 5s.....
..1956
5s
457,000
1968
382,000
1st 5s
...1946
5,000
5s registered..........1946
379,000
7,000
183,000
1,399,000

1951

1st 8c ref 5s
5s

98*6 102
80*4 Sale

91*|

Sale

86*4 Sale
99

101

92

94

103

104*6 102*6 104*6 102*4 May 25 102*4
80
72
81*6
May 2 83*6
72*6 Sale
82*6 May
2 94
83*4 Sale
91*6 Sale
86
Sale
77*4 May 2 89*6
77*4 Sale
97
97
97*6 97*4 May 27 101
88*4 Sale

94

95*6

87*4 May

5

May
May
May
May
May

25
13
13
24
12

96*6 May 24

Registered.........1951

Aluminium Ltd 5s.......1948
Amer Gas 9c Blec deb

5s ..2938

102
65

89

Jan.

91*6 Mar.
78
Apr.
80

106*6 106*4
107

Sale

107
108

Sale

Sale

105
107

106*6 105*6 May 25 107 J
Sale
107*4 May 31 108*

103*6 Feb.
May
94
May
May
101
May
91*6 Mar.
96*6 May

Jan.
Jan.

76*6 Apr.
70*| Apr.

Feb.

80

May
2 105*6 May
May 23 106
Apr.

328.000

6s

.........—.....2016

Amer Radiator deb 4 Ms.. 1947

67,000 American Seating 6s stpd 1946

77*6 Sale
105*6 106*4
79

Sale

248,000 Appalachian Power 6s...2024 110
781,000 Ark Louisiana Gas 4s....1951
99*6
1,394,000 Arkansas Pr 5c Lt 5s.....1956
92
1,009,000 Associated Blec 4HS-....1953
36
61,000 Assoc Gas 5c Blec 4tts_._1948
27
1,000
4Hs registered......-.1948
1,137,000
AS...
1968
29*6
4,000
5s registered.
.....1968
511,000
1HI Inr ctf....1938
"62"
19,000
5*6 s inr ctfs reg
...1938
1,263,000
"28"
4HiS series G..........1949
99,000
5*6®
1977
34
867,000
Gonv deb 5s
1950
31
1,000
317,000
96,000
452,000
13,000

5s registered.

111*6

73*6 Sale
105*6 Sale
84
108

86

109*6 111

100

99*4 100*4

Sale
29

94*4 Sale
35*6 Sale
23*6
25 *

Sale

26*6 Sale

Sale

"64"

82*6

73
75
73*4 May
107*6 108*6 105
May
83
84*4 84*6 May

"84*6

100
94
36
25
26

Mff

8*

90"" Sale"
24*6

"25""

37
Sale

27

35
27

Sale
Sale

Sale"

72*4

Sale'

72*6

"75*6

97

Sale

98

Sale

99*4 Sale

98

91

91

1950

Assoc Tel & Tel 5*4® A ...1955

72

Atlanta Gas Light 4*4s__ 1955
Atlantic City Blec 3*4®—1964

92*4

95

Avery (B F) Sons 5s w w—1947

Sale

95

2 83
May 10
58*6 Mar. 31 83
May 10
3 107*6 May 26 104*6 Mar. 31 107*6 May 26
9 86
79
May 7
Jan.
3
90
Jan. 14

112*4 109*6 May 4 113
May 19 107*6 Feb. 23 113
Sale
99*6 May 19 101*4 May
6
6 102
96*6 Apr.
94*6 93*4 May 27 98
May
7
86
Jan. 26 98
Sale
35*6 May
2 41
May 10
30
Mar. 30
25
27*4
May
6 2854 May 11
20*4 Mar. 31
26*6 Jan. 19
Sale
25*4 May 27 29*6 May 10
21
Mar. 31

Sale"

99*4
94*4

Feb. 25

107*6 Apr. 22
108*6 May 23

American Power 5c Ltgbt

1,563,000

25
13
13
24
12
16
24

82*6 May"~3
88*6 May 18
23*4 May 3
30
May
2
26
May 2

90
89

" May

14
May 27
May 10
36*4 May 26
30
May
7

27

Mar. 26
Jan.
4
8
64*4 Jan.
Mar. 30
26
62

Apr.

29

62
92
96

36*6
34*6
26*4
80*6

Feb.

1?
26

72*4 May
2 7§""~May
6
97
May
2 99
May 14
99*4 May
2 100*4 May
4
91
May 12 91*6 May 25

P

1
Mar. 31
Apr. 13
Apr.
1

99

10

May 19
Feb. 24

May
Jan.

7
10

May 11
Jan.

19
Jan. 10
Mar. 8
Mar. 11

Mar.
Jan.
Jan.
Jan.

11
10
13
10

Apr. 13
Jan.

13

May 14

Apr.

90

4 100*4 May
Feb. 26 95
Mar.

57

Mar.

4
9

Baldwin Locomotive Works

1,594,000
569,000
369,000
193,000
90,000
389,000
144,000
81,000

448,000
652,000
932,000
169,000
899,000
284,000
492,000
77,000
127,000
141,000
1,522,000
855,000
1,532,000
805,000

♦Convertible 6s........1950
Bell Tel of Canada 5s....1955

Sale

67

112*4 Sale

1st M 5s ser B June 1

120

5s series C

121*4 Sale
129*4 130
79
81*6
57H

1957
......1960

Bethlehem Steel 6s...... 1998

Birmingham Blec 4*6®—1968
Birmingham Gas 5s
1959
Broad River Power 5s A..1954

Sale

82

85

Canada Nor Power 5s.... 1953

103

Canadian Pacific Ry 6s..1942

106*6 107
96*6 Sale

1956

Carolina Pr 5c Lt 5s.
Cedar Rap Mfg 5c

Pow 5s. 1953

*4 103*4

114

Cent 111 Pub Serv 4*6* F.1967

.....1956

5s series E
5s Series

IS'68

4*6* series H

1*81

Cent Ohio Lt 5c Pr 5s A..1950
Central Power 5s ser D..1957
Central Pow 5c Lt 5s..—1956
Cent States Blec 5s......1948

1954
Cent States Pr 5c Lt 5*6s.l953
Chicago Dlst El Generating
223,000
4*6* series A..........1970
34,000
6s series B.......... .1961
5*6*

99
98
88

91
66

!?>
39
44

105
105

115
Sale
Sale
99

90
93

70
Sale
40
Sale
Sale

66
69*6 65
112*4 112*6 112*4
121
119*4 122
121*4 122*4 121*4

Sale

132

Sale

135

130

Sale
Sale

Sale

76

78*6

62

64

81*4 Sale
65*4 Sale

,84

87

83

103*4 Sale
103*4 Sale
88

Sale

92

115*6
92*4

98

96*6
89

99
Sale

90

90
90*4
75*6 Sale
88*6 Sale
28*4 Sale
29*4 Sale
40*6 Sale

Wz*
108

107

92*6

87

Sale

105*4 Sale

Sale

65
112

May
May
119*4 May
121*4 May
130
May
77*6 May
64
May
83
May 31

73
May
113*6 May
121
May
122
May
134
May
85
May
66
May
85
May

9

130
70

4*6* series A......—.1956
Chicago Junction Rys 5c
170,000
Union Stock Yards 5S..1940
531,000 t+Chlc Rys 5s ctfs of dep.'27
55,000 Cincinnati Street Ry 5*6*1952
93,000
6s series B
.....1955

221,000 Cities Service 5s.
Conv deb 5g
5,129,000
2,000
5s registered
5s
847,000
5s
439,000

101*4 Mar.

85

90

70

81

89*4

90

60

90*4

1966

62

Sale

60

57

Sale

58*4 Sale

Sale

13

2 100*6 Mar.
12
73
Mar.
20 113*6 Mar.
13
*6 Apr.
18
\i Mar.
23
Apr.
17
Mar.
19
Apr.
12
Jan.
13
Mar.
10
23*4 Mar.
24
10
Mar.
10
32*6 Mar. 31

m

106*6 Sale
105*6 107

May
May
May
115*6 May
95*4 May
102*6 May
101
May
May
97
May
81
May
May
38
May
38
May
49
May

106*6 May 31 107*4 May 18
105*6 May 23 105*4 May
2

86*4

77
79

93

90*4 May 17

1969

Cities Serv Gas Pipe L 6«.1943
Cities Service P 5c L

5*68 gold deb

5*6*-1952
—1949

91*6 May 14

105*4 105
Sale

80

85

62*6 Sale
55*6 Sale

May
7 105
44*4 May
9 49*6
75
May
5 75
79
May 10 82
60
55

May
2
May 27

May
7
May 12
May
5
May 23

69

May 10
66*6 May 10

613,000
547,000
360,000
9,000
75,000
36,000

1937

Bank 5*6s..

Com'w'Ith Subsld 5*6* A. 1948

Community Pow 5c Lt 5s.l957

Community Pub Serv 5s A1960
Conn Ltg & Pow 7s A....1951
Consol Gas of Bait 5s—.1939

1954

4*6 a

94*4 Sale
100
101*4

52*4 Sale

57
Sale
57*6 Sale
97*4 Sale
100
55

101

Sale

52*6 Sale

55*6 Sale

70

99*4 100

55

55*4
99

Sale

56*6
Sale

101

Sale

53

Sale

52*4 Sale

103*6 105
59*6 Sale
94*4 95*4

103

Sale

100*6
103
70

....1971

3*4® series N

6s A stamped...
....1943
Continental G 5c B15s ...1958

1940

Crucible Steel 5s
Cuban Telephone
Cuban Tobacco 5s

7*6s.»1941

.......

1944

99*6 May

4 100

May 20

106*6 108
120*6 125

103*4 Sale

106

105*4 May 27 107*6 May 11

127

128

125,000
114,000

Sale

Sale

100*|

101*6

103

104

4

5

1*6
*4

1*4
1*6

s

61,000
6*6*
293,000 Brie Lighting 5s..

1953
....1967

292,000 Federal Water Serv 5*6s.l954
Finland Residential Mtge
6s stamped.....
152,000
....1961
317,000 Firestone Cotton Mills 5®.1948
338,000 Firestone T 5c R Cal 5s..1942
4,000 First Bohemian Glass 7s. 1957
280,000 Florida Power Co 4s G...1966
Florida Power 5c Lt 5S...1954

Gary Blec 5c Gas—
5s ext stamped ........1944
231,000
1956
918,000 Gatlnean Power 5a
5s registered..........1956
2,000
6s
147,000
1941
6s series B
136,000
1941




100*6 Sale
108*6

f deb 7s
1952
♦Ctfs of deposit.........

♦25-yr

see page

53.

57*6 Sale

106*4 Sale
60

Sale

93*6 Sale

Sale

101*6 102*6
97
101*4
50
64*6

5

54,000 Elmlra Wat Lt 9c RR 58-1956
...1950
85,000 El Paso Elec 5s A..
302,000 Empire Dlst Blec 5s......1952
1,149,000 Empire Oil 5c Refining 5 *6sT 42
Ercole Marelll Blec Mfg

For footnotes

Sale

4*6

1,752,000 Eastern Gas 5c Fuel 4s A.1956
529,000 Edison Elec Ilium 3*6*-—4965
1,812,000 Elec Pow & Lt 5s........2030

1,299,000

62
78

♦Ctfs of deposit.........

116,000

47
43

67*4 Sale
107*4 107*4
68
104
101
84

Sale
Sale
Sale
87

71*4

65

99*6 100

100

76
100
91
54

Sale
101
Sale
65

103*6 Sale
67*6 Sale
102*6
104 *6 105*6

105*4 106*6
94

100

"85*4 Sale"
83
84*6
103*6 Sale

101*6 Sale
101H 101*6

62
82

101
91

60
96

98

1

18
13

115*6 May 20
95*4 May 13
102*6 May 18
101
May 23
93*4 May 17
97
May 19
81
May 12
May 13.

41*
41

Jan.
Jan.

49

May 10

95

69

66*6
59*6
64*4
63*6

86*4 Apr.

1

100

14
12

Jan.

11

May 10
May 10

Apr. 28
May 10

May 10
Feb. 23

91*4 Mar. 30 102*4 Feb.
4
40
Mar. 31
61*4 May 10
40
Mar. 31
61*4 May 10
70

Jan.

8 100

3 100
Apr. 4 104
52
13
Mar. 30 74*6
12
94*6 Jan.
4
98*6
12 125*6 Apr.
4 128
13 104*1 Apr.
6 106*6
9 120*4 Feb.
7 124

May
7
May
7
May 26
May 17
May 11
May
6

Jan.

103*4 Jan.

Jan.

5

May 13
May 12
May 12
Jan.
4
May
9

3 107*6 May 11

54

Apr.
2
63*4 Mar. 31
101

May 20

65*1 Jan. 12
7
82*1 May

Feb.

16 101*4 May 26
Jan.
7
87*6 Apr. -18 100
47
Mar. 30 60
May 11

90*4 Mar. 30

96*6 Jan. 25

101*6 99*6 May
108*4 109
108*6 May
96*6 Sale 101*4 Sale
96*6 May
100*4 Sale 103*4 Sale
May
4*6
4
3*6
3*4 May
3*6
5H
3*6 Sale
3*6 May
1*6
1*6
1*4
1*4 May
ik
1
1*4 Sale
May

101*4 May 11
97*6 Mar, 31 103*6 Jan. 13
110
May
7 108*4 Apr.
May
7
4 110

Sale
74
108*6 Sale
66*4 Sale

81*
109*

11

78
103
103

11
11
16
13
14

109

102

Sale

Sale

99*4 103

73*6

55

57*6 May
77*4 Sale
75*6 May
101
102*6 100*6 May
90
90*6 96
May
57
61
55
May
95
Sale
93*6 May

Mar.

108*6 Jan.

Mar. 30

Mar. 30

98*6
99
123
130
127*6 130
104*6 106*6 104*6 105
123
127
122*4 124

65*4 Sale
96*4 Sale

1

43

May
2 103*6 May
65
2 74*6 May
May
96
May
5 98*6 May
128
May 12 128
May
104*6 May 4 106*6 May
123
May 20 124
May

Cudahy Packing Co 3 *6® .1955

474,000 Delaware Blec Pow 5*6s..l959
1949
68,000 Denver Gas 8c Elec 5s
528,000 Detroit City Gas 5s B...1950
768,000
6s series A......
..1947
184,000 ♦Detroit Int Bdge 6*6*..1952

Apr.

42

103*4 103

3

11

101*6 Apr. 14 106*6 Jan.
5
42
Apr.
1 52*4 Jan. 15
75
Jan.
7
May
5 87
79
Apr. 29 91*6 Feb.
7.

64*4 May 10

Consol Gas Utilities—

305,000
2,268,000
119,000
103,000
113,000
460,000

84

Feb.

Jan.

Jan.
5 107*4 May 18
Apr. 25 107*6 Jan. 24

63*6 May 10
99*4 May 31
101 *6 May 20
61*4 May 10
61*4 May 10

55
May
55*4 May
97*6 May
100
May
52
May
52
May

Consol G E L 5c P Bait—

621,000

105 J

104*4

Mar. 30
Mar. 7
Mar. 30

♦Commers und Prlvat

160,000

105]

Feb. 25
Jan. 18
Feb.
2
Mar. 21
Mar. 25

85*6 May 21
67
87

103
95

57

1958

140

104

104*6 103*4 May
2
103'
101*6 May 27
89
87
May 25
Sale
113*4 May 31
93
93*4
May
4
Sale
98
May
99
100*6
May
92
93
90
May
96
90 ' May
93*6
75
78
May
Sale
90
88
May
32
28*6 May
Sale 1 28*6 May
46*6 Sale
40*6 May
87*6

1950

-

Jan.

Apr.
55*6 Jan.
71*6 Mar.

101

105
104*6 106
43*6
44*6 46

1950

.....

860.000 Cities Service Gas 5 *6*—1942

329,000
1,829,000
788,000

91*6

106*4 106*4
44*6 47

92

114
122
122

104

Chicago 111 Midland Ry—

86,000

79

18 110*6 Apr.
117*1 Apr.
120*6 Jan.

23
20
7
21
24
12

54

105*6
65

Sale

Sale

67*6

102*4 104
103*6 Sale
103*6 Sale
30

80

83*6
84*4
84*4 Sale

83

85

103*6 Sale

101*6 May 25

103*4 May 25
4*6 May
4*6 May
1*6 May
1 k May

76*4 Sale
108*6 Sale

74
May
107*6 May
66*4 May
103
104*4 101
May
100*4 103
100*4 May
92*6 Sale
89*6 May
83*4 Sale
82*6 May
68

51*6 Sale
105

67*4

May
May
May
May
May
95*6 May
90*6 May

Sale

Sale

70

4
5
4

May

3

Mar. 10 103
Feb. 24
Mar. 31 105*6 Jan. 18

3*4 May 13
3*6 Feb.
7

5*6 Feb. 21

1

1*6 May
4
1*6 Apr. 29

5

Feb. 25
54 Jan. 14

67

Jan.

7 106

Apr.

51*6 May 31 54
May
104*6 May 23 105*6 May
67

91
93

74*6 May 17

53
97
98

5

Feb. 21

81*6 May 11

109*6 May

Mar.

78

Mar.
83*6 Mar.

7

May 11

104*4 Jan.

Apr.

3

71*4 Apr.

May 16
95*6 May 13
90*6 May 14

43
Apr.
102*6 Apr.

Feb.
4
1 56
7 105*6 Apr, 29

58

103

Feb. 29

74*6 May 17

101*4
101*4 May 18 102*6 May
Feb. 21
3 101*4 May 18 105
102*6 102*4 102*6 May 24 104*6 May 16 102*4 Mar. 31 105*6 Jan.
4
103
104
102*6 May 27 104*4 May 11 102*6 Apr.
2 105*1 Jan. 10
25

27

92

Mar. 12

May 13
May
9

76
74

Apr.
1
Mar. 31

87
88*4 84*6 May
3 90*6 May 19
103*6 Sale 103*4 May 27 104*6 May 12

78
102
102

83*4

84*4
Sale

82*4 May
83*6 May

87
88

100*6 101*4 101
101*4 100*6 May
7 101
May 12
100*6 100*6 100*6 101*4 100*6 May 10 100*4 May 20

Apr.

Apr.

95
87
88

Jan. 21
May 13
May
9

90*6 May 19
1 104*4 Feb. 17
1

Ma
Mar. 25 102

Mar. 25

99*6 Mar. 30 101*4 Jan. 10
Mar. 19 101*6 Jan. 31

100

NEW

June, 1938]
AGGREGATE
In

May
%

115,000
4,000
17,000
6,000
5,000
10,000

493,000
64,000
206,000
61,000
32,000
87,000

RANGE SINCE JAN.

PRICES IN MAY
Jan. 3

May 2

1938

Gen Pub Serv Go 5a

1953

Gen Pub Utilities 6 He A .1956
♦Gen Rayon Ltd 6a A....1948
Gen Wat Wka «c El 5a A..1943

Georgia Power raf 5a_i._1967

Ask

Bid

75

90
72
762*
762*

72

74?*
87
60

66 X

Gobel (Adolf) deb 434* ..1941
Grand Trunk Weat Ry 4a 1950
Great North Pow 5a stpd 1950

Grocery Store Prod 6a
1945
Guantanamo Ac W Ry 6a.l958

65

63

77

80

77

81

672*

69

70

Sale

74

81

78

702*

Sale
Sale

88

Sale

54

50

Sale

Lowest
Sale Prices

81

May
3
May
7
682* May
3
762* May 25
702* May
2
86
May
2
50
May 31

66

May
812* May
May
762* May
82
May
94
May
57
May

65

79

77

24

57
Sale
90
Sale
107 X Sale
74
65
53

38

Highest

63

Mar. 31

75

12
25
24
12
13

Jan.

Sale Prices
73
Jan.
0

6

62

Apr.
752* Apr.

19

872* Jan.
6
77
May 12

7
14

77

Apr. 26

655* Apr.
7
Mar. 31
50
Apr.
8
302* Apr.
5

82

May 24
May 12

94

78

68
Sale
66
May 31
662* Sale
May
4 69
53
57
58
53
57
May 18 60
May 18
83
85
87
90
852*
May 23 90
May
6
1072* 112
107
112
1072* May 13 1072* May 26
52
Sale
502* Sale
502* May
2 55
May
6
53
52
532* 522* 56
May
5 55
May 20

68

36

Highest
Sale Prices

292*

30

50

66

73
8

502*

312*

1965

Ask

86

Sale
65

Lowest

Sale Prices

May 31

Ask Bid

Bid

63

73

872*
702*

Georgia Pow 8c Lt 5a....1978
♦Geafuerel 6a..... ......1953
Glen Alden Coal 4a

1

Price

new york
curb exchange

BONDS (Continued)
36,000 Gen Bronze con* deb 6a. 1940

43,000
420,000
22,000
175,000
1,885,000
140,000
18,000

51

EXCHANGE

SALES
Since
Jan. 1
S

6,000
16,000
87,000
>
3,000
54,000
564,000
55,000

CURB

YORK

62

Feb.

53

Jan.

Jan.

502* Apr.
Apr.

7

712* Jan.

8

14

63
93

Apr. 27
Apr.
7

85

107

10

33 H Feb.

MaT.
Jan.
Jan.

12
8
3
5

Feb.

14

4 107
26 65

69

52

7

29

Mar. 29

Jan.

Guardian Investors Corp—

39,000
14,000
37,000
2,000
4,000
18,000
18,000
112,000
57,000
3,000
6,000
1,000
19,000
61,000
38,000
160,000
225,000
20,000
11,000
67,000
11,000
2,000
8,000
22,000
96,000
86,000
54,000

187,000
16,000
12,000
16,000
3,000
410,000
172,000

180,000

.........1948

5a aeries A

50,000 Hackenaack Water 5a A..I977
180,000 Hall Printing 6s A stpd..1947

12,000 * Hamburg Klec Go 7a
1935
42,000 ♦Hamburg E Ac Und RySHs'38
98,000 Heller (W E) Ac Co 4s w w.1946
50,000 HouatGulf Gaa *H«* w.1943
224,000
6a
1943
195,000 Houaton Lt Ac Pr 3H»
1966
6,000 ♦Hungarlan-Ital Bk 7H«-1963
118,000 Hygrade Food 6a.aer A
1949
36,000
6o aerlea B
...1949
99,000 Illlnola Nor Utll 5a
1957
295,000 (llinola Pow At L 5Ha
1957
319,000
5 Ha aerlea "B"
1954
919,000
6a aerlea A.....
....1953
5a aerlea G
....1956
1,197,000
103,000 Indiana Elec Corp 6a A..1947
29,000
6H« aerlea B
.,.1953
5a aerlea C..
323,000
1951

39,000
34,000
95,000
132,000
439,000
301,000
128,000

62

65

49

53

106X 1^8

108

79

83

90

91X

96
84 X

Sale

Sale
Sale
93 X
Sale

84 X
88
72 X

1955

-

83

53
55
44

A..1957

aer

*H* aerlea G.1955
K ...........1957

7a series F
46,000
1952
99,000 International Salt 5a_...1951

1,747,000 Interstate Power 5a
Debenture 6a
761,000

1957

1952

96

1012* 102
107
106
112*

1075*
56 H
Sale

106 X Sale
55
58
60

65

59

64

109

1073
433
253

Sale
Sale

Sale

86

74

109
80

106

562*
542*
562*

Sale

108
76

77

90

96

92
Sale

882*

Sale

Sale

85

85

872*

832*
862*

57

51

732* Sale
892*
882*
932* Sale

1092*

106

aerlea

87

50

1950

7a

Sale

Sale

1st Ac ref 5a....

(nt Pow Sec

332*
242*

62

"if" "25~"

Indiana Service 5a

♦Indianapolis Gaa 5a A..1952

89

882*

Sale

32

89

91
Sale

76

Sale

52

60

65
65

57

52
60
109
402* Sale
212* Sale

Sale

109

108

Sale
Sale

452*
25

93

342*
252*
872*
1002*
1032*
1072*
13

May
May
I ay
May
May
May
May
May
lay

12
23

104

83%

372* Jan.
1075* Mar.
93
May
342* May
252* May
882* Mar.
1002* May

28 1052* Jan.
762* Jan.
18
332* Mar.
19
Feb.
12
Feb.
2
96
Apr.
20
Feb.
13
20
Apr.
24
May

28

MX May 20
May 24
63

Jan.

15

622* Jan.

7

1072* Jan.

May 10
802* May 24
May
4
1062* May 23
632* May 10
612* May 11
722* May 23

1082* Jan.

109

111

May

May
2 1055*
May 24 572*
May
3 62
57
May 25 60
109
May 31 109
40
May
3 49
212* May
2 28 2*

105

55

60

May 26
May 12
May 21
May 11
May 31
May 12

May 12

3

20

Mar.

1082* May 11
80
May
9
932* May 13
972* May 14
902* May 16
91
May 12
93
May 16
822* May 10

May
May
May
May
May
May

Feb.

18
19
12

Mar.

May
732* May
90
May
93
May
85
May
84
May
892* May
74
May

-----

602*

May 12

107

.108

109

1052*

37

May

53

81

1052* Sale
55
57
60
65

5

572* May 19
53
May
5

Sale
109
79
772*
81
110
1102*
HI
107
1062* 1072* 1052*
53
512*
55
Sale
Sale
51
572* 51
552*
592* 602* 67
-----

May

1062* 1062* May
Sale
85
May
372* 332* May
28
24
May
Sale
87
May
1012*
972* May
104
1012* May
Sale
1062* May
<15
122* May
56
532* May

972* 100
1032*
1062*
13
142*
51
542*

80
111

1,154,000 Ind'polls P At L 5a
125,000
50,000

84

97X 100
102X 103 %

108?*

1963

88
40
25

33

106

842*
332*
22%
872*

32

Indiana Gen Service 5a..1948

lat lien At ref 5a...

312*

1062* 107

105?*
76 X Sale
22 X
30

Indiana Hydro-Elec 5a A.1958

Indiana Ac Mich El 5a....1957

32

30

43

68

110

852* Jan.
945* Jan.

Mar.

79

Apr.
855* Apr.
76

100

Mar.

64

75

Jan.

3
11
13
12
12

912* Jan.
91
May 12
93
May 16
822* May 10

Mar.

79
84

Feb.

Apr.
Apr.

109 X Mar. 10
81
Jan.
8

Mar.

1092* Apr.
1045* Apr.
452* Mar.
43
Mar.
492* Jan.

1112* Jan.

20

1075* Jan.
632* May
612* May
722* May

14

1002* Apr.
48
Apr.
562* Apr.
512* Mar.
107
Jan.

1062* Jan.
4
582* Mar. 15
62
May 21

35

60
109
49

Mar.

Mar.

10
11
23

1

Apr. 29

May

182* Mar.

282* Jan.

64

Mar.

80

572* Mar.

73

12
19

Interstate Public Service

284,000
390,000

65,000
64,000
50,000
1,000
19,000
61,000
6,000

4Hi aerlea F
..1958
266,000 Iowa-Nebraska L At P 5s..l957
5a Series B
76,000
1961
149,000 Iowa Pow At Lt 4H« A
1958
306,000 Iowa Pub Serv 5s
.....1957
69,000 Iaarco Hydro-El 7a
1952

74", 600

15,000 Isotta Fraschinl7s
....1942
806,000 Italian Superpower 6a... 1963

64,000
129,000
295,000

229,000 JackaonvllleGaa 5a atmpdl942
527,000 Jersey Gent P Ac L 5a B...1947
4Ha aerlea C
1961
1,402,000

4,000

2~9~666
74,000
75,000
36,000
69,000

5a aerlea D

1956

69,000 Kansas El Pow 3H>
30,000 Kansas Gaa At Elec 6a
157,000 Kansas Power 5a A
271,000 Kentucky Utilities 5s
5s
284,000
91,000
6H« aerlea D
123,000
BHs series F
Lake Superior Dlat

32,000
218,000
1,000
12,000
44,000
39,000
284,000

1966

69 X

Sale
63H 662*
96

92;
92]

95

96 X
Sale
102X 103

106 X
58

62

72

78

43

Sale

362*
37X
1042* 1052*
103

103?*

98

99

2022

114?* Sale

1947

100

.1969

Sale

75 X

1961

75

1948
1955

95
87

Power—
1966

140,000
3H» aeries A
933,000 Lehigh Pow Secur 6a
2026
3,000 ♦Leonard Tlets Inc 7He-1946
162,000 Lexington Utll 5a
1952
377,000 Libby McNeill At Llbby 5s 1942
216,000 Long Island Ltg 6s
1945

'

93
102
23 X
95

Sale
77
97
90

Sale
Sale

29
Sale

102X Sale
94
962*

887,000 Louisiana Pow Ac Lt 5a...1957

104

♦Mansfield Mining At Smelt—
7a Ex-warranta
1941
1,000

23

188,000
24,000
54,000
91,000
8,000
10,000

46,000 Marlon Reserve Pow 4H* 1952
1943
45,000 McCord Rad Ac Mfg 6s
Memphis Comm'l Appeal—
Debenture 4H»..1956
7,000
388,000 Memphis P At L 5 a aer A..1948
190,000 Men gel Co 4He
1947
1971
217,000 Met Edison 4a aerlea E
4s aerlea G
1965
347,000
45,000 Middle Sta Petrol 6 Ha A.1945
1943
140,000 Midland Valley RR 5s

44,000
203,000
23,000
167,000
52,000
23,000
109,000
14,000

366,000
560,000
222,000
333,000
310,000
243,000
208,000
117,000

2,000
5,000

97

Milwaukee G L 4 He

1951

1960

Montana Dakota Utll 5He '44

Steamship

♦6 H« ctfa

214,000

21,000
58,000
188,000
31,000
9,000
54,000
23,000
196,000

90,000
259,000
633,000
286,000
80,000
286,000
76,000
677,000

14,000
119,000
45,000
210,000
138,000
106,000
52,000

60,000 New Amsterdam Gaa 5a..1948
798,000 New Eng G At Elec Aasn 5al947
5a
1948
252,000

w

w..1937

Nassau Ac Suffolk Ltg

Nat Pow At Lt 6a "A"

Sale

402*
42
362*
38
1032* 1032* 1032* 104
1032* Sale
1022* Sale

992*
982*
982* 99
118
1132* 1162* 115
982*
992* 1002* Sale
74
742*
782* Sale
78
Sale
742*
77
90
942*
912* Sale
85
812*
822* 82

972* Sale
94
942*
29
242*
882* Sale
Sale

83

1032* Sale

982*

-

-

-

—

252*
962* 1012*

65

70

65

70

922*

90

892*

90

74

782*

83
83

104

Sale

Sale

85
Sale

1025*
1042*

Sale

1052*
1052*

Sale
Sale

80

90

76

82

522*

55

55

57

932*
912*

942*
922*
992*

Sale

11*
ft'i

Sale

95*

762* Sale
87
842*
1092* 1102* 1092* Sale
83

1092* Sale
67 X
72
93J*
.....

98

Sale

66

Sale
95

932*

64

66

932* Sale

Apr.

1052* Mar.
982* Jan.
522* Apr.

May 10
May
6
Jan.
7
Jan.
7
Feb. 20
May 18

63

Jan.

19

Jan.

85

Feb.

23

39

Jan.

46

Feb.

21

362* May
1032* May
1012* May

May 20
4 42
3 1045* May 13
3 1035* May 20

32

Feb.

100

43

May 24

982* May

7

982* May
752* May
76
May
91
May
812* May

May 12
3 101
3 815* May 24
3 822* May 23
942* May 10
86
May 23

99

Apr.
985* Apr.
97

112

May 26
May
4
May 20
May
2

972* May 21
993* May 13
May 20
92
May l2

27

65
65

99

Mar.
Mar.

115

Mar.
Mar.

78

Mar.
Apr.

84
101

100

76

68

May 26

1012* May 11
68
May 26

May
2 922*
May 26 83
1025* May
2 106
104
May
2 1062*
832* May 19 84
53 2* May
5 582*
75

May
May
May
May
May
May

21
3
20
14
5
12

972
1045

Apr.

2
922* May
942* May 23
4
94
May 13
872* May
3
95
May
992* May 17
5
81
70
May
May 21
5
89
May 25
822* May
9 1102* May 19
1092* May
66
May
May
9
W*
May 10
932* May 26 97

Apr.

1

7

Mar.

13
1

17

93

Jan.

25

1062* Jan. 24
1062* May 14

Apr.

95

Apr.

63

Feb.

1
23

Jan.

25

94

882* Jan.
83
Apr.
875* Apr.
615* Mar.

May 13

100
81
89

Mar.
Jan.

54

Jan.

Apr.
6
92J* May 21

1012* Mar.
752* Jan.
50
Apr.

109

83
89

Apr.
672* Feb.
75
May

Apr.
Apr.

86

Jan.

242* Apr.
7
1012* May 11

Jan.

55

70

Jan.

May 20

Feb. 26
Apr. 27 100
Mar. 31 104J* Mar. 10

97

100

4

972* Mar. 21

87

"83

12

Jan.

103
27

Apr.

242* Apr.

1012* May 11

Jan.

90

Jan.

25

5

Mar. 25

97

Mar.

93
84

Jan.

1015* Mar. 3
815* May 24
822* May 23

842* Apr.

May 28 1045* May 4
May 19
6 91

802* May

7 42
May 20
Jan. 18
8 106
2 1052* Jan. 15

955* Apr.

103 2* May 28 1045* May 19

922*

81

92

985*
962*
1065*
1035*

Mar.

78

96
952*
94
Sale
27
29
90
902*
882*
1042* Sale 1035*
Sale

90

May 11

402* May 27

942*
972*
252*

86

Sale

104

84

32* Sale

2026

{♦Nat Pub Serv 5a C O D.1978
2022

1981

4H*

1142* 118
1092* 112

Nelaner Bros Realty 6a.. 1948

90

Nevada Calif Elec 5a.....1956

7IX Sale

.......1950

579,000 New Engl Pow Aaan 5a... 1948
Deb 5He
1954
579,000
213,000 New Eng Pow Co 3Hs A.1961

32*

22*

85

80

5s. 1945

Nebraska Power 6o

Conv deb 5s.

99

80

93

1062* 1062*
Sale
1002*
64
582*

432*

104

672*
922*

80
May
May 10
73
May
6
May
May
2 96
May 13
93
May 31
May 31
May
4 1065* May
5
May
4 1035* May 18
May
2 612* May 11

89

80

412*

81

...2030

Deb 5a series B

Sale

71

Jan.

14

May 21
May 25

1102* Apr. 28

May
97

9

May 10

Line

49,000

of dep

692*
96

1063* 1062*
002* 1002*
582* Sale

75

Mississippi Pow 5s
1955
Miss Power Ac Light 5a...1957
Miaa River Power 5a

.

Sale

87

83

1955

Missouri Pub Serv 5a A..

Sale

67]

25

"972*

1978

lat Ac ref 5s

Munson

1,178,000

78

1967

Minn Pow Ac Lt 4 Ha

952*

Sale

Sale

712*

69

93

1162* 118J*
56

57

562*

Sale

57

Sale

782* Sale
81

Sale

12* Sale
832*
802*

762*
762*
73
702* Sale
442* Sale
442*
115
1142* 116
109
1082* Sale
89

83

Sale

752*

86
Sale

12* May 31

77

May
May
May
May
116
May
1102*. May
93
May
83
May

May

Sale

90

702* May
45
445* May
Sale
1145* May
Sale
1082* May
90
May
932*

762*

Sale

74

1182* 116
1182* 116
Sale
472*
482* 462*
46
Sale
48
Sale
472*
492* Sale
472* Sale
785*
782*
80
802* Sale
82
Sale
812*
822* Sale
104
1042* 1035*
1042* 103

116

49

50

25* May 14
862*
872*
802*
445*

812* May

May

3 117
May 28 57
27 565*
May 27 575*
May 27 82 2*
86
May
2
May 27 105
May
May

May
May
May
May
May
May

16
20
20
2
7
13
17
12
23
10
12
10
6

7

A ay 11

12* May 31
812* May 12
622* Mar. 31
1
582* Apr.
44

Ill
108

Jan.

52* Feb.
95

Jan.

2
4

872* May 20
802* May 20
445* Jan.
3

19
7 116
Feb.
2
Mar. 16 1102* May 13

Apr.

802* Apr.
69
Apr.

1
1

932* Jan. 12
83
May 12

27 118
Jan. 13
Mar. 30 572* Feb. 25
1
572* Feb. 25
392* Mar. 31 58 H Feb. 25
70
85
Jan. 10
Mar. 31
74
Jan. 12
Mar. 31 87
1 105
102
Feb.
May 11

1152* Jan.
40

40

Apr.

New Orleans Pub Serv—

71,000
46,000
7,000
28,000

178,000
240,000
1,000
14,000
6,000
60,000

5a stamped...........1942
309,000
♦6s series A........... 1949
230,000
1950
39,000 N Y Gent Elec 5He
40,000 ♦N Y Pa Ac O RR 4He etpdl950
1,193,000 N YP At L Corp lst4He—1967
1980
650,000 N Y State E Ac G 4He
41,000 N Y Ac Westchester Ltg 5a '54
4a

2004

113,000
67,000 Nippon Elec Pow 6H«—1953
1956
266,000 Nor Amer L At P 5Ha A

For footnotes see page 53.




90

Sale

67

70

QQ

100
107

104
Sale

92

Sale

112

104

582*
74

Sale

ft*

Sale

99

104 X

65
77

45

107
89
113
104

71*

•

100
64
Sale

90
115

105?*
59

73

88
May
May
965* May
45
May
1062* May
892* May
1132* May
May
1042* 104
552* May
56
Sale
722* May

71

18
2
28
9
19
27
18
16
26
4

915* May 3
802* May 10
May
7
60
May 31
1072* May
5
94
May
9
1132* May 18
1045* May 23
57
May 26
82
May
6

100

9
915* May 3
Feb. 10 802* May 10
965* May 28 100?* Mar, 23
9
45
Feb.
1
May
7
105
Jan.
7
Apr.

862* Feb.
64

M

88
Jan. 14
Apr. 14
1125* Jan. 21 1132* Mar. 31
8 1055* Apr.
1035* Jan.
1
535* Jan. 29 622* Mar. 11
1
82
70
May
6
Apr.

NEW

52

YORK

CURB

78,000
23,000
80,000
158,000
110,000
532,000
19,000
84,000

Bid

BONDS (Continued)—

225,000
105,000
421,000
373,000
532,000
.1,610,000
222,000
172,000

Nor Cont Util 5^8 A

1948

Nor Indiana GAB 4a....1952

May 2
Ask

37
99

Sale

1969

97
88

Sale

5s series D
.

1970
1967

..

Northwest Etec 6s ttpd_.1945
Nor'west Pub Sen 5a A—1957

92%

163

H

105%

85%

89

97 %

Sale

79.000
20,000

...1946

89

Sale

Okla Pow A Water 5s A.. 1948

70

15,000
57,000

126,000 Pacific Coast Power 5s... 1940
253,000 Pacific Gaa A B1 6s B
1941

103

104 %

116

116%

Olden Gas Go 5a........1945
Ohio Power 5a aerlea B... 1952

.....1956
Okla Nat Gas 4 Ha A
1951
4Vfa aortas D.
Cony deb 5s

Pacific Investing 5s

A

57,000
Without warrants
13,000 Pacific Ltg A Pow 5s
1942
980,000 Pacific Power A Light 5s_1955
16,000 Palmer Corp of Ls 6s....1938

36,000
120,000
» 13,000
J. 99,000

99,000 Park Lexington Bldg 3s..1964
415,000 Peon Cent Lt A Pow 4%s 1977
41,000
5s.
......1979
"278,000 Penn Electric 4s series F.1971

—

119,000
245,000
115,000
50,000
89,000
483,000
283,000
197,000
287,000

120,000
8,000

496,000 Phlla Rlec Power 5 Hi
1972
45,000 Phlla Rapid Transit 6S..1962

Without warrants

50,000
9,000
35,000
3,000
81,000
25,000
10,000
3,000
7,000
5,000

194,000
34,000
142,000
35,000
172,000
258,000
50,000
43,000
59,000
34,000

53,000

453,000

1959

6%s series B
Penn Pub Serv 6a G

1947
—...1954

Penn Water A Pow 4HS..1968
5s
1940

Peoples Gas Lt A Coke 4a R'8t
4s series D
-—1961

{♦Peoples Lt A Pow 5s.. 1979

Piedmont

Sale
99

93

Sale
Sale

105%

105 H

Sale

104% 106%
73

104% 105
84

82

Sale Prices

37
41% Sale
107
107% 110
99%
98%
98%
97%
97% Sale
91%
92% Sale
100%
101% Sale
104% 106% 104%
88
84
82%

104
Sale
106% 106% 105%
105% 105% 105
105% 105%
Sale
99%
99% 100
Sale
87%
89% 87
71
79%
80% 71

Sale

105

Sale

—

*

101% 103
115% 116

102%
115%

Sale
Sale

May
2
May
2
May 27
May 31
May 31
May
2
May
4
May
3

Lowest

Highest

Sale Prices

Sale Prices

Highest
Sale Prices
44
May 26
107

May
May
100
May
95
May
101% May
105% May
90% May

30

Mar. 31

44% May 26

7 108% Mar. 10
May 20

14
20
6
13
19
18
13

93% Apr. 13 100% May
6
86% Apr.
5 95% May 13
97% Jan. 31 101% May 19
102
Feb.
8 105% May 18
Feb.
7
80% Apr. 14 91

May
105% May 25
107
May
May 16
May 13 105% May
9
May 12 100% May
4
May
2 93% May 11
May
3 82
May 11

103% Jan. 19 105% May 25
Jan. 19
104% Mar.
8 107
103% Feb. 14 106% Jan. 15
96
Jan. 26 100% May
4
Mar.
9
83
Apr.
2 95
69
May 11
Apr. 12 82

101

101% May 24 102% May 10
115% May 12 115% May 25

105% Apr.
93

23 101

Feb.

100

Mar. 11 103!

Jan.

114

Mar. 29 116!

Feb.

86%

89%

112% 115

61%

64
100% 101%
28

28%
83% Sale
90
86

95
Sale
99

85
115
Sale

80
113
65

100% 100%
30%
84%
88%

84%

32
Sale

81
82%
80%
115
117
64%
70% Sale
99% 100% 100%

115

25%
a83%

93

85

85%

30%
Sale
89

87

May 25 84
May 27 115
May
2
75%
May
4 100%

29% May
7
80% May 27
89
May 25
84% May
4

May 13
May 27
May 21
May 4

79
113
55

88% Mar. 2
May 27
Apr. 12 115
Mar. 29
75% May 21

Apr. 21

99

Feb.

May
89% May
93
May
88% May

13
16
12
12

28

Mar. 30

76

Apr.

May
May
May
May
May
May
May
May
May

26
12
17
23
10
13
12
19
12

82

Apr.

75
99

Mar.
Mar.

31

4 101

74% Mar. 25
78

Mar. 28

1

14

Jan.

19
16
12
12

34% Jan.
89% May
93
May
88% May

1950

Penn-Ohio Edison 6s

36,000
59,000
26,000
16,000
31,000
118,000
65,000
127,000
35,000

5s series D

103

94

-

•

Sale

Ask

1948

5,000
1,000
319,000
1,000

•

Sale

99%
98%
101

208,000
292,000
275,000
824,000
378,000
69,000

25,000
33,000
28,000
186,000

37

I

Lowest

May 31

Ask Bid

Bid

107

41%

107%

Nor Ind Pub Sarr **.....1966

4H« E
Nor States Power 3%a

1

Jan. 3

1938

S

RANGE SINCE JAN.

Price

YORK
EXCHANGE

NEW

Since
Jan. 1

May

EXCHANGE
PRICES IN MAY

SALES

AGGREGATE
In

0\JRB

Hydro-Electric

Sale

111

Sale

112

89
92%
106% 107
102% 104
108% 108
107% 109
87% Sale

73%

76%

94

ll'i

T5* m

Sale
112% 111
65%
67
65%
68

111
65

94

27
12
28
31
5
2
2

105

101%
108

108%
90%
93%
9%

May 20 112% May
5
May
4 67
May 12

93

May 26
94
May 12
4
107% Feb.
103% Jan. 17

Mar.

10

Jan.

106%
106%
78%
82%
6%

Apr.

109

Mar.

108% May 13

Ill

Jan.

3 113% Mar.

65

May

4

53

91

Mar.
Mar.
Mar.

18

Jan.

93% May 19
10% Jan.

12

1

79

Feb.

Apr.

61

105% May
89% Apr.

108

Feb. 26
Feb.
2
Jan. 11

11

Go

6%s series A..........1960
Pittsburgh Goal 6s......1949
Pittsburgh Steel 6s
1948
♦Pomeranla Blec Co 6s—1953
Portland Gaa A Coke 5s. 1940
Potomac Edison 5s ser E.1956

4%s series P

""8%

May
92
90
May
81%
83
102
May
101% 103
98% May
100% 102%
108
107% May
108% 107% Sale
Sale
107
107
May
108% 107
87
87
86
May
89% Sale
92
88
Sale
88
May
90%
7% May
8% Sale
7% Sale
Sale

88

1961

57

105

965;
20
50
107

%»

Potrero Sugar 7s stamped 1947
Power Corp of Can 4Hi B 1959

Sale

W Sale
IV4 1*

25
60

110
110
fiQ

99% 100%
30

21

♦Prussian Elec 6s........1954

Sale
53
53
May 31 59
May
3
105% May 27 106% May
105% 106
2
92%
92% May
2
93% May
90%
6
23% 20% May 21
20%
May 21
53% May 4
54% Sale
May 11
110
107
4
106% May
May 17
106% 107
108
110
107% 109
107% May 20
May 13
35
50
35
46
May 26 47
May
3
101
May 12 102% May 16
103% 161"" 102% 102
22
30
22%
May 28 22% May 11
21%
22%
63

57

60
106
100

19

Jan.

48

100

Jan.

22
Apr. 21
58% Feb. 15
8
107% Jan.
108
Apr. 18

105% Apr.
107
Apr.
35
May
100% Jan.
20% Jan.

65
103

Jan.

18

Apr. 26

22% May 11

Pub Service Co of N J—

49,000 ♦Ruhr Gas Co 6%a
1953
8,000 ♦Ruhr Housing 6%s A...1958

51,000
89,000
73,000
3,000
6,000

364,000
195,000
513,000
7,000
26,000

8,000
13,000
73,000
19,000
4,000
67,000
15,000
24,000

136% 134

May

105

Sale

6s
1937
14,000
122,000 ♦Schulte Real Estate 6s.. 1951

60,000
32,000
247,000
270,000
89,000
49,000
68,000

67

Sale

64%

Sale

60

Sale

73

May

111

Sale

104

Sale

103

104%
103%
104%
101%
68%
65*

105% 104% Sale
Sale
101% 102

105

102 h

Sale

104%

100

Sale

66

Sale

62

67

60% Sale

104

105

104

Sale

26% S
21%
:

74%

77

e

29

%

21%

30%
26

28%
21%

Sale
Sale

105% Sale
130% 131
111%

1958

San JoSquin L A P 6s B..1952

Sauda Falls Go St.......1955

1943

.....

27

26

22%
100

1951

112,000 Sheridan Wyo Goal 6s...1947
108,000 Sou Carolina Power 5s.. 1957

107%
104

Sale

103% Sale
103% Sale
59

62

1960

73%
76%
94% Sale
104% Sale
104% Sale
106% Sale
108% 109

1968

105% 106%

...2025

Sou Calif Ed 3%s_.May 1 1960

3% s series B
July 11960
Debentures 3H*
1945
1st A ref mtge 4s

3 137

105
Sale

Sale

71

30%
26

104

103%
104%
101%
67%
64

May 19

105% May
2
111% May 31
104
May
2
105% May 10
104% May
5
105% May 17
!02* May 17
May 10
May 23
66* May 13
5

28% May 26
21% May 25

14%

Jan.

3 137% Mar. 18

107

104

15
21

17
10
23
13

93% Jan.

14

10^

Apr.

98% Mar.
60% Mar.
59
Apr.
53

Jan.

73

Apr. 30

29^
21;H

May
3
May 25

25% Feb.
21

9

Feb.

104% Jan.
May
May
106% Feb.
102% May
75
May
72% May
66% May

May 13

13

Mar.

113

103% Apr.
110
Apr.
102% Apr.
101% Apr.
101% Mar.

81

15
May
2
May 10
108
108% 108
May 27 110
May
2
May 16 105% May 24
105% 105% 105
129
130% May
9 130% May
9
May 13 112
May 13
111% 113% 112

13%

130

1

Mar. 24

10
5
5

29% May
25
Apr.

9% Apr.
1 15
108
May 27 110%
102% Jan. 10 105%
128% Feb. 23 130%
111% Mar. 29 112

May 10
Mar. 5
May 24
Apr. 25
Feb. 28

I

12,000 Servel Inc 5a
1948
438,000 Shawlnlgan WAP 4%s..l9t7
125,000
4%o aeries B..__.
196S
150,000
4Hs series D
...1970

Southeast PAL 6s

72

70

San Ant Pub Serr 5s B

300,000 Scrlpps (E W) Co 5%s
137,000 Scullin Steel Co 3s—

104

106

13
110

-

1,184,000
1,079,000
280,000
471,000
292,000

Sale

111
111% Sale
105% 103%

Sale

103% Sale

104

105

May
May
May
May
May
May
May
May
May
May

{♦St Louis Gas A Coke 6s.*47
Safe Harbor Water Pr 4%t '79

♦Saxon Public Works—

1

135

Sale

Sale

114,000 Queens Boro GAB 5%e_1952

13,000
1,000

Sale

105

111

97,000 Pub Serr of Nor Ills 5s C.1966
188,000
5a
1956
138,000
4%s series D..........1978
214,000
4%s series E..........1980
627,000
4%s series P.......—1981
264,000
4H* series I...........1960
420,000 Pub Serr of Okla 4s
1966
1,053,000 Puget Sound PAL 5%s_1949
220,000
5s series G—.........1950
557,000
4%s series D—
..1950

62,000

135

105% 107

130

6% perpetual certificates

38,000
60,000
14,000
38,000
36,000
47,000
88,000
212,000
42,000
187,000

Sale

25

27%
25%
Sale
43%

May
May
May
May
106% May
105% May
104% May
104
May

may

26
26% 25
25% May
99
99
May
100% Sale
41
42% May
42% 41
106%
106% May
106%
104% Sale
104% May
104% Sale
103% 104% al04% Sale 103% May
Sale
104
al05
104
Sale
May

55%

59%

74

78

82%
83%
105% Sale
105% Sale
104% 105%
108% 109

56% Sale
79% Sale
88

Sale

107% Sale
107% Sale
105% Sale
109% Sale

%

27
12
2
19
10
27
7
6

54
May 26 61% May 20
77
81
May
9
May 20
94
83% May
May 16
105% May
107% May 26
105% May
107% May 31
105
May
106% May 23
109
May
110% May
6

25

21%
96%
38%
106%
101%

Jan.

28

Jan.
Apr.
Apr.

102
50

27

Mar.
Mar.

102

Mar.

54
70

Jan.
Jan.

28
20

107% Jan. 15
105% May 27
105% Mar. 3
105
Apr. 28

Apr.

102

7
May 12
Mar.

Mar.

May

71% Mar.
102% Apr.
102% Apr.

63% Jan.
81
May
95% Jan.
107% May
107% May

101% Apr.

107

Mar.

2

106% Apr.

110% May

6

12
20
15
26
31

Southern Counties Gas

44,000

73,000
29,000

256,000
180,000
104,000
224,000
83,000

16,000
41,000
71,000
42,000
75,000
200,000
138,000
4,000
330,000
115,000

100,000
291,000
405,000
234,000
248,000
856,000
614,000
105,000
1,438,000
760,000

42,000
14,000

of California 4H«..

Southern Indiana Ry 4s. 1951

56%

57

S'western Assoc Tel 5s A.1961

88%

92

Southwestern LAP 5s. .1957

94%
76%

95%

Southwestern PAL 6S..2022

71

70

40
95
Sale

76

96%

Sale

99% 101%

{♦Standard Gas A Elec 6s.'35
♦6s Certifs of deposit.. 1935

46

48

Sale

46

51

♦Conv 6s

1935

44

Sale
Sale
48

deposit 1935

46

Sale

453
453

Sale

...

♦6s Cony ctfs of

6s
6s

46

1951
1966

53

Standard Invest 5HS....1939

6,000
9,000
19,000
44,000

7s 2d stamped
108,000
1946
143,000 Super Power of 111 4HS..1970
4%s
1968
177,000

581,000
1,927,000

69

Sale

S'western Pub Serv 6s A. 1945

{Stand Power A Lt 6s...1957
♦Stai'rett Corp 5s
...1950
Stlnnes (Hugo) Indus—
7s 2d stamped
63,000
1940

383,000
1,651,000

79%

104
104% 105
38
35%
40
92
95% 88
95%
96% 97

39
105
105

44%
42

Sale
Sale

Penn Elec Power 5s......1956

78

60

Sale

1960

58
98

Sale
Sale

Texas Power A Lt 5s.....1956

103

Sale
97

79%

Sale

29*

Tenn Pub Serv 5s

1970

a*
n» II'4

43%

42

48

30

50

iV*

48

49
Sale

45% Sale
25% Sale

104

May 19 104%
37
May 18 39%
95
May 26 97
96% May 4 100
70% May 4 81%

May
May
May
May
May

12

101
96% May
46
53
May
54
May
49% May
53%
46
May
53%
54
45% May
47
54
May
59
May 31 60
43% May
2
52%
25% May 31 31%

May
May
May
May
May
May
May
May
May
May

16
7
10
11
12
9
10
7
10
9

45

11
14
16
9

50
50% Sale
51%
50% May 2 51% May
5
45
47
46% 45
45% May 26 48
May
5
104% 105
3 105% May 12
105% 106% 104% May
105
106
105
105% Sale
May 11 105% May
6
80

Sale

74% Sale

86% Sale
93

Sale

80

May
74% May

2

2

91% May 20
96
May 20

103% Apr. 21 106%

2
56% Jan. 13
May 16
93
Apr.
8 100
May
9
55% Mar. 31 81% May 12
Mar.

35% Apr. 23
85

93

Feb.

9

Mar.

40

105% Jan.

Mar.

38

Mar.
Mar.

39

55
56

43
39

Jan.
Jan.

103% Apr.
Apr.

104

Jan.

12

m

18% Mar.

Jan.
Jan.
Jan.

56

Mar.

Jan.

55

Apr.

36

14
12
12

55
55

39% Mar.
37% Mar.
36% Mar.
54

97

Jan.
Jan.

12

Jan.

31% May

12

12
12

6

9

15

51% May
5
48
5
May
5
4 106% Feb.
7
7 106% Jan. 10

65% Feb. 15
57% Feb.
4

91% May 20
96
May 20

Terni Hydro-Electric Co—

35,000
232,000
308,000
12,000

46,000

193,000
1,114,000
1,542,000
32,000
144,000

6%s series A..........1953
Teia8 Elec Service 5s

6s

2022

Tide Water Power 5s A...1979

94

80

84%

57

Sale

86

Sale

101

Sale

93

95

80

81

53% May 27 58% May 10
86% May
2
93% May 13
100% May
4 104% May
7
94
93
96%
May
4
May
6
81
81
May
6
84% May 16

54% Sale
91%

Sale

102% Sale
95

76

36,000
9,000
8,000

"e'ooo
42,000
160,000
37,000

1st mtge gold 5s
745,000
..1962
901,000 Twin City Rap Tr 5%a A.1952

Ulen A Company—
6s 4th stamped........1950

190,000
58,000 United

107% 108%

62%

Sale

106% Sale
54

36

35

1949

113

113

United Elec Service 7s...1956
Without warrants....
126,000

56

Elec of N J 4s

25,000 ♦United Indus 6 He
♦1st 68
21,000
360,000 United Lt A Pow 6Hs
Deb 6s
682,000
5Hs...
256,000

For footnotes




see

page 53.

1941
1945

1974
1975
1959

P
99

60
35
25

56

25%

Sale

38

107% 107% 106% May 2 107% May 27
53% Sale
52% May 27 59% May
7

34

Sale

114% L113%
61%
40

26

68%
66%

Sale
Sale

Sale

99

73%

.Sale

May

61

May

ll
7

Jan.

26

75% Apr.

Jan.

Jan.

17

9

108% Jan.

14

44

Mar. 29

63% Jan,

6

Mar. 30

47

106

Feb.

5

863

Jan.

22

112% Apr. 12 114% Jan.

29

26

100% 102

May
68% May
66% May
99
May

3

2 26%
2 76%
75
2
2 102%

Mar. 31

May 11

52
24

Sale

Sale

34
May 16 38
May
113% May 3 114% May
59

Mar. 18

Mar. 25 1043
90% Mar. 22 993

30

Toledo Edison Co—

202,000
126,000

61
48% Apr.
1
82% Mar. 30 1003

94

Feb.

18

62
Apr. 22
27% Apr. 21

May
May
May
May

23

Jan.

27

28

57% Apr.

1

26
11
11
19

56

94% Feb.

Mar.

7

76% May 11
75
May 11
8 102% May 19

Mar. 31

AOOREOATB
In

May

SALES

40,000
4,000
1,000
63,000

352,000 Virginia Pub Ser 5Ha A..1946

6a aerlea A...

145,000

94.000

5a aeriea B

27,000
33,000
82,000
275,000
45,000
10,000
60,000
112,000

Western Newspaper Union—
Conv deb 6s
....1944
160,000
..2030
167,000 West Penn Klec 5a
163,000 West Penn Traction 5a._1960

337,000
12,000
273,000
434,000

148,000
115,000
13,000

Ask

81%
71%

85
Sale

76

74% Sale
106

107

68

Sale

70

80%
73

84
Sale

84

'

"79"

Lowest

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

72%

85%
75%

79% "82" "83"

74%
104%
69%
84%
71%
81%
72%
72%
79%

8

64% Feb.

82% May
May 31
9
May
2 107% May 19
May
6 74
May 13
May 24 86
May
9
May
2 80% May 10

53% Jan.

May
3
May
6
May 12
May
4

75
Apr.
1
65
Apr. 12
72% May 12
75
Apr.
1

88% May
7
76
May 12
72% May 12
83% May 19

Feb.

96

75

Feb,

64

82% May

9

8 107% May 19
74
May 13
8
86
May
9
8
80% May 10

28

Feb.

90% Jan. 12
84% Feb. 25
72% May 12
85

Jan.

11

Corp—
13

West Texas Utll 5a A.

17

15

103

105

-

1,100,000

Sale

"84" Sale"

.......1950

♦5a Income deb
1954
419,000
384,000 Wash Gas Light Co 5a...1958
58,000 Waah Ry 8c Klec 4a
1951
848,000 Wash Water Power 5a...1960

274,000

Sale

104 %
66

1946

Waldorf Astoria

1

Sale Prices

May 31

Ask Bid

83% Sale
72%

Sale

78

2

Bid

76

Sale

87

1946

68 registered

232,000

76 %

105% Sale
66
69 %
81
82%
73%
78

2022

6a

1,000

Ask

Bid

BONDS (Concluded)—

529,000 United Lt 8c Rys 5 Ha
1952
ta aarlaa A
1952
397,000
Deb 6a series A
1973
124,000
94,000 Utah Power 8c Light 4H>1944

53,000
46,000
7,000

Ma y

1938

$

JAN.

Price
Jan. 3

103,000
37,000
18,000
40,000
67,000

,

RANGE SINCE

PRICES IN MAY
NEW YORK
CURB EXCHANGE

Since
Jan. 1

S

53

NEW YORK CURB EXCHANGE

JUNK, 1938]

104 %
107 %

106 %

Sale
105% 106
37

103 %

100
Sale
103 % 104%

55
1941

Sale

Wheeling Elec Co 5a
Wis Minn Lt & Pow 5a

1944

Sale

West United GAB 5%s A

93

Wlaconaln P 8c L 4a A.... 1966

610,000 Yadkin River Power 5a.. 1941
186,000 t* York Rya Co 5a
1937
5s stamped
1947
13,000

105

73

97%

Sale

100

Sale

87

Sale

73

100

88

73

99

77

70%

May
May
May
May

11
20
13
10

May
10 101
May
2 102% May
93
2
May
2 105% May
4 108
May
10 106% May
96
2
May

7
21
26
11
4
13
4
10

35% May 31

May
May
May
105
104% Sale
105% 104% May
107%
107% Sale
107% May
May
106% 106% 106% 106% 106
95% Sale
94% May
94% Sale

Sale

99% 100

Sale
75

35% Sale
100% Sale
102% 104

101% Sale

99

100

87

84% Sale

1957

Sale

37

Sale

18
18 %
21
18%
17% May
4
106
108
Sale
104% May
2 106
al07% Sale
107% May 23 107%
Sale
104% Sale 103
May
2 104%

73

75

72

39

May
3 103
85
May
2
77
May 27

May 19
May
5
May 23

12%
103%
106%
99%

Mar. 31 21
Apr.
1 106
Jan.
3 107%
Apr.
2 106
7

32% Apr.
97

Feb.

May 11
May 20
Mar. 10
Jan.

13

39% Jan.

10
7
17

16 102

Jan.

Mar. 29 103% Jan.
74% Mar. 31 93
May 11
4 105% Jan. 18
103
Apr.
107% Feb. 14 108
May 13
3 107
Mar. 18
105% Jan.
5
86% Apr.
96% Jan. 14
96

96

Feb.

14 105% Jan.
85
May

58% Apr. 14
May 27

72

8

5
May 23

77

FOREIGN GOVERNMENT

AND MUNICIPAL

Agrlcul Mtge Bk Rep of Col—

11,000
9,000
5,000

12

76,000
♦20-year 7a.
Jan 15 1946
79,000
♦20-year 7a
Jan 15 1947
28,000 ♦Baden (Germany) 7a....1951

12
21

Sale

22 J

23

23

24

223

24

20%

22

20

22

22% May 16
22% May 19
20% May 25

22% May
2
23% May
3
20% May 27

55

74

67

55

20
23
Sale

74

67

75
75

68

May 24

68

May 24

10

9

9% May 24

10

May

22%

17% Jan. 24
20

Jan.

24

20% May 25

23% Apr.
23% Apr.
21% Feb.

13
11
5

80% Jan.

13

Buenoa Aires (Pro*)

♦7%s stamped

5,000

1947

76

♦7a stamped

5,000

"2.666

1952

72

85
86

Apr. 27
May 24

76

Feb.

8

6% Apr.

6

10

May

9

22% Feb.

11

27

Jan.

4

Jan.
Mar.

98% Apr.

6

65
68

♦Cede* Valley (Dept of) Rap of

47,000

195,000

6,000
5,000
43,000
13.000

Prov Banks 6s B......1951
34,000
♦6a A
48,000
1952
267,000 Danish Cons Munlc 5%s_1955
5a
1953
101,000

3,000
20,000
36,000
13,000
17,000
17,000

sxternal a f 6 H«———1952
73,000
138,000 ♦German Cons Munlc 7a. 1947
♦6a
1947
155,000
51,000 ♦Hanover (City) Ger 7a.. 1939

Colombia extl

a

17a

9%

7%

6%

1948

9%

9

♦Can* Bk of German State &

Danslg F

25%

35

26

Sale

25

27%

25 %

100 % 101%
100
102%

99%

27
Sale
99

44

51

45

25

20%
20%
21%
20%
8%

21%
21%
23
22%
10

26

May
2 26
May 23 25%
99% May
2 100
98
May
4
99%

44

100

98

98

27
27
99%

98

25

May
2
May 11
May
3
May 17

25

7
8

14

4 100% Jan.

May

98

28

101 % Feb.

13

6c Wat*way Bd

52

68

20 %

24
20% Sale
21

49.000 ♦Hanover (Prov) 6%s
1949
69,000 ♦Lima (City), Peru. 6H«-1958
42,000 ♦Maranhao (State) 7a
1958

39",666

25%
25%

20%

21%

13

Sale

10

22

9

15

20

20%
21%
20%
9%
9%

8%

9

9

Sale

74:%

76

80

15

23

22 %

25

22%
22%

68,000 ♦Medellln (Colombia) 7s.l951

8

7%

20%
Sale
Sale
Sale
10%
14
9%

May
20% May
May
21% May
20% May
9% May
20

23
24
25
9
31
5

44

May 23
May 12
21% May 13
22% May 19
21
May 11
10% May 10
21

Apr. 29
19% Jan. 29
19% Jan. 24

44

3

5

Mar. 11

23

Mar.

3

20

Jan.

17

23

Mar. 22

1§

Jan.

18

22,

Mar.

7
9% Apr.
16% Jan. 20

13:

Jan.

183

Feb.

7% Jan.

28

64

Feb.

7

21

8% May

Mar.

59 ]
22]

Feb.

14

9% May 11

1
6
25

9% May 11

Vfendosa (Prov) Argentina
.

82,000

306,000

♦7a Issue of May 1927...1947
27,000
♦7a Issue of Oct 1927...1947
45,000
73,000 ♦Mtge Bank of Chile 6a.. 1931

"9",000
28,000

6a stamped........

224", 000

45,000
44,000

3,000
5,000

13,000
6,000
7,000
•

fl
a
>

40,000 ♦Russian Govt 6%s
1919
♦Certificates of dep.....
90,000
♦5 Ha
178,000
1921
♦Certificates of dep.....
35,000
Santa Fe (City) Argentina
♦7a stamped
36,000
..1945
1949
99,000 ♦Santiago (Chile) 7a..
♦7a

No par value. •
Sold under the rule

15

14

16%

93

97

98%

Sale

10

Sale

8%
7%
%

10%
Sale

9

7

9

22% May 19
16
May
9

96% May 21
9
May 17
6% May 4

98% May 27
10
May 14
8% May 14

80

May

9

23% Mar. 25
23
Jan. 28
16
May
9

161

Jan.

10

12 J

Apr.

1

96
7

Apr. 29 102% Feb. 25
Mar. 26 10% Jan. 20

% May
2
% May 18
% May 12

r

%
65
12%
11% Sale

57

47%

11

Y\
12 %

54

55%

Sale

51

14 H
14%

13

16

14

13

20

May
3
May 26
14% May
7

Used Above:

"w w." with warrants.
"x-w." without warrants

Dererred delivery sales. In which no account Is
taken In computing range, are given below:

57

May 12
14% May 12
15
May 14

Apr.

1

Jan.

Jan.

6

Jan.

6

Mar. 31

45

11% Jan.
11% Jan.

5
4

Jan.

10

10
5

In computing range, are

Shawinigan

Water

&

7

Mar. 14

% Mar,

3

Mar.

8

1

% Feb. 11
Jan. 17
15% Apr. 19
15
May 14

65

nUnder tberuiesales,in which no account Is

non-voting.

Nojsales.

6

Jan.

Sale

taken

given below:

Power

4%s

D

1970.

May 2 at 105

vtc," voting trust certificates.
"w 1." when issued.

M.

May

22% May 17
15
May
5

o

h/a

*n

a

80

2
% May
8/? IVTav
May 13
% May 12

Sale

"

t Reported In receivership.

4

18

99
U

May

"cum." cumulative.

Abbreviations Used Above:




15

12%

75

"m." mortgage.

Bonds being traded flat,

"cod," certificates of deposit
"cons," consolidated,
"conv." convertible

24%

14

18

AOOreviatums

Ex-dividend

♦

22%

18%

%

...1961

Deferred delivery sale.
Sold for cash,

X

22

98 %
9%

Mtge Bank of Denmark 5al97J

39,000'

25
24%

15

96,000 ♦Parana (Stateof). Bras 7s'58
129,000 ♦Rio de Janeiro 6H«——195''

"7",000

Sale

14 %
5

1931

44~,666

•

65 %

♦7%s-4s stamped......1951
Mtge Bank of Bogota—

r

Cash sales. In which no account is taken in com¬

puting range, are given below:
men & Co. series A pref, May 11 at

2%

Chicago Stock Exchange
MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON CHICAGO STOCK EXCHANGE
Stock Sales

1938

May

__Shares

Jan. 1 to May 31__

AGGREGATE

SALES

$

2,000

Certificates of deposit...
13.000
.1927
1,000 Chicago Rys 5s ctfs

BONDS

1938

500

300
100

150
50

"""320
3,100
250

1,750
900

700
150
750

3,000

1,650
1,250
1,580
3,400
100
400

15,150

.1927

350

2,700

400

49

423*

44

47

45

40

Highest
Sale Prices

5334

56
47

47

45
46

41

41

30

52

Sale

423* May

2

60
Sale

3,550 Automatic Washer com.....3
10,100 tAvlatlon & Transport cap.l

2

300 Backstay Welt Co com
1,600 Barber Co (W. H ) com

2,800
8,750
8,000
12,930
23,450
2,750
12,050
78,700

..*

1

Barlow & Seeltg Mfg A com. .5

Bastian-BlesslngCocom.... *
Belden Mfg Co common
..10
Bendlx Aviation Corp com

6

Berghoff Brewing Co.1
Blnks Mfg Co capital......1
Bliss & Laughlin Inc com ..5
Borg-Warner Corp common.5

800 Brach A Sons (E J) capital..*

2,200 Brown Fence & Wire
Common
4,950
14,800 Bruce Co tE L)

1,050
6,200
1,680
8,800

150

Sale

tl| Sale
I*
34
3

6

634

9

10

12 H
7

5i

16
83*

..

5;
1

A*

33

Sale

4

2 3*
334

lj

754
11
8
11

10
183*
10

Sale

10 3*

103*
113* Sale
6 34 Sale

vS*
17

a

9*

Sale

'16"" "l4
18

21

5

6

10

common

Canal Const Coconvpref..
Castle & Co (A M) common. 10
Cent Cold Storage Co com.20
Central 111 Pub Serv pref
•

13
73*
Sale
5H
334

|H
13

834
143*

73*

73*

34

Sale

Sale

63*
13*

Sale

31

29

234

A

3*
13*

83*
183*

53*
1034

13*

fl
53*
13
8

29

33*
134
o

1

Sale

9

8

10

9

73*
8
103*
1134
734 Sale
434
63*
133*
15
2034 Sale
1234
153*
14
153*
6
63*
8

33*

33*
Sale

6

18

93*
63*
93*
73*

183*

Sale
3034
33*
' 13*

,3*

„

Sale

§3*

18
934
Sale
73*
Sale
734

4

5

14

Sale

1734

Sale

12

14

143*

1534

5
•

6

Sale

May
May
May
234 May
434 May
834 May
13
May
634 May
5

26
6
31

26
11
16
31
24

2,850

Common

Sale

j

*
50c

4,800
Prior lien preferred
•
4,460
Preferred
•
2,130 Central States Pr A Lt pref.*
3,700 Chain Belt Co com
»
1,450 Cherry Burrell Corp com_..5

480
250

150

434

5
Sale

2

953* Sale
3034 Sale

534
Sale

6

634
10
234
23*
53* Sale
1734
19

1534
19
103* Sale
463*

45

19

163*

Sale
Sale

11

50

3* Sale
43*
5
13* Sale
89
943*
25

it*

O

1*

Sale

13* Sale

4

92

94

26

29

3

P

4

29

1134

12

33*
123*

14

if

May
3
434 May 21
634 May
7
3* May 28
29
May
3
23* May 18
1
May 10
3* May 26
13* May 26

45

"

2*655
100

150
50
40

"*3*155
250
40

38,350
2,650
3,250

1,440 Chic Rivet A Machine cap..4
570 Chicago Towel Co

conv

pref *

Common capital
*
93,500 Cities Service Co com
•
3,600
New common
10
1,100 Club Aluminum Cten Co...*
180 Coleman L'p & Stove com...*
159,910 Comm'wealth Edison com..25
12,700 Compressed Ind Gases cap..5
15,150 Consolidated Biscuit com... 1
300

17

13

18

...

3*

3*
2
30

32

a

Sale

2
28

153* 34
383* Sale
1
13*

153*
5234
3*

3034
18
Sale
13*

3*
2
H
H
934 Sale
90
993*
613* Sale

3*
6M

«

&

Sale
26
273*
143*
1834

7*

603*

Y\

134

' 23*

6134

2

13

May 26
834 May 25
93* May 31
7
May
9
93* May 27
734 May
2
434 May 13
14
May 31
1734 May 31
133* May 17
143* May 26
53* May 28
6
May 31

2,560

200

950
890

V t

c

Sale

53

34
3*
3*
534

2634

33

"If""

Sale

163* May 27
103* May
2
453* May
4

A

63*
67

2534

Sale

13

15

8

834

13*

,13*
19

12

Sale

43*

43*

5

Sale

8

4

13*
1034

1

"*855

400

150

Cum class A pref...

35

234
134
113*

134
,

10

*

100

.

1,500

13
3

734
17

2,650
20

.

170
700
200
100

Common

Sale

133*
5

834
22

3*

A*

50

75

100 Deep Rock Ol! conT pref....*
130 De Mets Inc pref
......_.*

183*

48

Sale

860 Dexter Co (The) com
3,700 Dlxle-Vortex Co com
common

5

43*

*

15

•

31
12

,

4

May 12

34 May

9

May

7

7
,

13* May 10
30
May 10
33* May
9
13* May
5
34 May
6
13* May
4

1334 May 26
9
May
9
11
May 16
7
May
3
12
May
9

8t|
5

16
22

13
15
6 U

8

May 16
May 10
May
4
May 11
May
9
May 20
May
5
May
6

33* May 10
63* May 10

1834 May 26

2

May
5
May 27
33* May
6
123* May
6
143* May 26

18
ll

May 11
May 10

523* May 24
3* May
4 34

May

23* May
9434 May
30
May
5
May
1234 May
15
May

2
6
10
11

Feb.

17

Jan.

7
17

4434 Feb.

Mar. 31

8

Mar. 22
Mar. 31
Feb. 11

113*
1234
13*
234
634 ' 73*
14

12 h

63i

Mar. 11
103* Mar. 14
Jan.

56

27

Mar. 29

23* May 18
Mar. 26
3* Mar. 19
13* Mar. 29
1

134 May 24
27
May 26
52 34 May

3* May

2
7

25

53*
234
134

19

13

7J4 Apr. 14

133* Jan.
103* Jan.

26

8

13

Jan.

10

13

Jan.

12

14 3* Jan.

12

12

Jan.

Mar. 30
Mar. 31

7

834 Mar. 30
534 Mar. 31
12

Mar. 25
Mar. 29

16

Mar. 31

10

Mar. 31

4

14

Apr 20
534 Jan.
4
6
May 31
Mar. 25

23* May 26
53* Mar. 31
173* Mar. 31
3* Feb.
14
Apr.

133*
234

7
14

Sale

2

Sale

25

2

23*

Mar. 30

9

413* Mar. 31

4

3* Mar. 10
Apr.
4

1

Mar. 26

May 12

Mar. 30

3*
3*
13*
2534
163*
383*
34

Feb.
Feb.
Mar.
Mar.
Apr.
Jan.
Mar.

613* May 14

73* May
2
134 May
3
18
May 26
2234 May
2
12
May
5
43* May
3

103* May 10
13* May 17
19
May 16

22

May 11
153* May 11
53* May
9

53* May
13* May

52
13

May 20
May 11

7

20

May 21
May 24

2

May 31

8

21

May
9
May 16

23* May 12

303*
9

1034

28

303*

83*

10

4

May
May
29
May
934 May

23
23
24
26

4
May 23
143* May
7
31U May 10
93* May 10

3* Feb. 24
3* Feb. 28
23* Jan. 11
34

Feb. 24
183* Feb. 14
593* Feo. 28
13* Jan. 10

3

30
28

May 11

25

Jan.

Jan.

12
12

53* May
24

13* Jan.
34 Feb.

7
2

Mar. 30

973*
134
48
113*

Jan.
7
Mar 26
May
2
Apr.
1
Mar. 31

534 Mar. 31
Jan.

3

103* May 10
13* Jan.
8

Mar.

28

13* Mar. 29

21

13

Jan.
6
Mar. 4
Jan. 13
Mar. 2
Jan. 17

Jan.

183* Feb.

14

11
17
4

2

Mar.

45

Sale

3* Jan.
63* Jan.
23* Jan.

8

1834
4

4

18

53

13

Jan.
Jan.

14

523* May 24

Jan.
Feb.

20

6

25

1
15
10

Jan.

19

153*
3134

13* Jan.

65

20

4

11
Mar. 25

L00

Feb.

20

11
Mar. 15

May

May
33* Mar.

2

9

Jan.

3* Mar. 8
3* Jan. 14

10

2
4

May

10

12

4

12
15
10

Mar.
Apr.

25

14

30

73* May
134 Jan.
18
May

28

3

Jan.
Jan.
Jan.

2134 Mar.

Mar.
Jan.

24
28
30
31
19

May 16

53* Jan. 15
85* Feb. 25

12

143* May 26

19

93* Jan.
7.

19

634 May 17
993* May 23

May
May

8

97

234 Apr. 16

45

6

9
1

83*
634
223*
283*
133*
2234

333*
53*
153*
213*

583* May 16

27

Jan.

Mar. 31

293* May

17
J9
15
7
6

10

53* May 26
9834 May
6
573* May 27

48
12

Feb.
Jan.
Jan.
Jan.
Jan.
234 Jan.
13* Apr.

13*
363*
434
13*

Apr. 28

12

51

10
21

7

17

3*
3*
53*
96 34
573*

53* May
9
13* May 24

19
14

90

23* May

1

Jan.
Jan.

63* Jan.

26

9

14
12

1134 Jan. 27
155* Jan. 17
93* Mar. 7
35

Apr.
9
Apr. 28
33* Mar. 26
534 Apr.
1
3* Mar. 23

17

Jan.

.Jan.

45

30

16
35
14

46

6
11

98

483*
12 3*
13*

26

20

850
Class A
3,20ciDodge Mfg Corp

49
48

Mar. 26

4

20

100

For footnotes see page 56*


\


10

Preferred

V* May
2
May 31

13* May

Decker (Alf) A Cohn—

200

2

1

834 Sale
1.3*
134
223*
2334 Sale

Com part shs v t c A...50
Common part shs v t c B__*

65

4

1

5

33*

pref part shares....50

14,900 Cord Corporation..........5
1,290 Cudahy Packing Co pref.. 100
7,700 Cunningham Drug Stores 2>*
690 Curtis Lighting Inc com....*
7,800 Dayton Rubber Mfg com....*

53

23*

09 34

150 Continental Steel com......*
70
Preferred
100
350

Apr.
1
Jan. 26
43* Mar. 30

73*
3?S

7

23* May 26
53* May 28
183* May
3

Sale

""13* ""134

33*

12
18
12
5
5
16
31
2

3*

.....

1
Sale

Consumers Co—■

70

4434 Feb. 28
4434 Feb. 17

83* Jan.

90
26

434
Sale

Chic City A Con Ry—

200
Common
*
100
Participation preferred...*
130,100 Chic Corp common
..1
15,400
Preferred.
•
160 Chicago Electric Mfg A
•
21,150 Chicago Flexible Shaft com.5
3,050 Chicago * N W Ry Com.. 100
Chicago Rys—
130
Partlc certificates I
100
390
Part certificates'2"
100

May
May
May
May
May
834 May
13
May
7 3* May

13*

"1334 "14""
47

73*

4

7

7

Sale
73* Sale

H

Sale

6

50

48

8

4H

19

9

13

Sale

12

7

3
434
93*

23*
43*

40

8

10
Sale

5

Sale

43*
63*

Sale

834

5

Sale

*
5

com

2,800
Convertible preferred
63,550 Central S W Utll com

440
430

17,750
1,350

2

48

Cent 111 Secur Corp—

800

Highest
Sale Prices

25

634

1

cl A

9,660 Burd Piston Ring com......I
10
37,700 Butler Bros common
5% convertible preferred 30
5,700

240

650

423* May

35

52

1,840

17,900

Lowest

Sale Prices
47
Feb.
4

par.

190 Altorfer Bros conv pref__...*
2,080 American Pub Serv pref.. 100
56,380 Armour & Co common......5
2,750 Aro Equipment Corp com... 1
8,950 Asbestos Mfg Co com
...J
3,510 Associates Invest Co com...*
6,900 Athey Truss Wheel capital..4
5
1,400 Automatic Products com

20 Bunte Bros

5,450

48
45

Lowest

Ask

Ask Bid

43

37 34

~

1,265

Bid

42

10,150 Abbott Laboratories com...*
1,880 Adams (J D) Mfg com..
•
21,950 Adams Oil & Gas Co com...*
10,000 Advanced Alum Castings
5
4,150 Aetna Ball Bearing common.1
*
1,680 Allied Laboratories com
700 Allied Products Corp cl A. 25
Common...
10
1,500

200
200

1

.1927

STOCKS

Shares.

100
200

RANGE SINCE JAN.

Sale Prices

May 31

May 2
Ask

Bid
Chicago City Ry 5a

7,850

MAY

$14,000
27,000

Jan. 3

6.000 Cal & So Chic 5s ctfs

240

May 31.

PRICES IN

$

2,350

Jan. 1 to

1937

$2,000
20,000

Price

May

Shares.

1938

May.._

771,000
7,868,000

CHICAGO
STOCK EXCHANGE

Since
Jan. 1

In

Bond Sales

1937

376,000
2,531,000

Mar. 23

9

634 Jan.

4

2

3* Jan. 22

15* Apr. 22
133* Feb. 18
98

Jan.

26

12

234 Jan.
70

Feb.

18

1534
334
1034
213*

Jan.
Jan.
Jan.
Feb.

24
28
21

23

33* Jan.

17

61

Feb.

8

4

20

Feb.

25

Jan.

21

Jan

4

6
Mar. 22

63* Jan.

18

13
29

May 23
May 24

1634 Jan.

31

34

Jan.

13

143* Jan.

12

7 3* Mar

30

.

6

JUNE, 1938]
AGGREGATE

CHICAGO

SALES

PRICES IN MAY

CHICAGO
STOCK EXCHANGE

Since

May

Jan. 1

STOCKS
Par

2,250 Eddy Paper Corp (The)——.*
18,940 EI Household Utll Corp
.5
6,800 Elgin Nat Watch Co
15

600

May 2

1938

Shares

3,100

RANGE SINCE JAN.

1

Price
Jan. 3

In

Shares
150

STOCK EXCHANGE

150 Fair, The common

Bid

16*

Ask

23

Ask

15

19X
Sale

22

May 31

Ask Bid

Bid

It" T"

334
1634

Sale
Sale

Lowest

Highest

Lowest

Sale Prices

Sale Prices

Sale Prices

1534 May 17
3
May 10
1634 May 31

16

May 25
3
May 10

3 34 May

18

1054 Mar. 31
234 Mar. 29
15
Mar. 28
Jan.

28

434 Apr.

7

6

*

Highest
Sale Prices
21
Feb. 11

434 Jan.
24

17
14

Jan,

634 Jan. 28

Fits Simons & Connell Dock

150

Ac Dredge Co com
2,300
*
10
2,100 Four-Wheel Drive Auto
2,050 Fox (Peter) Brewing com—5
8,700 Fuller Mfg Co common
1
6,450 Gardner Denver Co com....*
...

450

1,150
1,150
50

200

1,950
13,350
100,400

1,100
14,200

2

2X
1214

9

10

4

Sale

pref

Gen Household Util com....*
Class

•
...*

A

2X Sale
11 x
26

15

30

*

21

Sale

5,500 Goaaard Co (H W) com
*
25,360 Great Lakes D At D com....*

7
13

Sale

350

7,850

1,000
3,150
50
mmmrn m

n

General Candy Corp A.----5
General Finance Corp com..1

130

mm

5

65

cum conv

Goldblatt Bros Inc

com

1,350

Hall Printing Co com
450 Hamilton Mfg cl A part pf

—

340

1,800
15,700
2,850

1,350
1,200
•

-

mmmmmm

mmmmmm

HarnlschfeOer

Corp

10

com..

10
10

Heileman Brew Co G cap..
Werner Motor Parts..3

Heln

50 Heller (W E) preferred..
210
Without warrants

340

200

2,500

Hormel At Co

(Geo)

com

®
6

aVA

10

2
11%

10

12

52

45X

52

8

10

154

IX

8

2%
3
IX Sale
1034
20
39H
14
16
6%
7
1454 Sal©

2H

%

2

9X
2%
Sale

454 May
5
xtlay
834 May
154 May
11
May
4754 May
854 May
234 May
54 May

21
6
2
17
25
20
24
24
28

454 May 21
534 May 25
1034 May 18
2
May
4
11
May 25
51
May
5
9
May 19
May
5
134 May 2

20
•

mm

mm

mm

mm,

14

15

654

6

7

4X

7
7

OX
ox

6% Sale
5
5>4

0

AX
18
18

24

3734
1634
19*4

Sale
16

17X

lix
18

^34 May 28
Feb.

1

Jan. 17
1434 Mar. 29

1534 May
4
754 May 10
15
May 17

654 May 10

654 May 10

5
3

634 May 26
634 May 27
5
May

634 May 17
7
May 18
534 May 10

534 Mar. 23
534 Jan. 27

Mar. 31

6

1234 Mar. 29
Mar. 30
Mar. 28

4

Mar. 30

20
18

36

12%
1SX

134 Mar. 28
10
Mar. 26
4734 May 20
854 May 24
234 Mar. 31

May
634 May
13
May 27

24
'mm

m

8%
OX
5%
29%

8

32

15

7

634

Mar. 29
Mar. 23

5

12

39M

ox
12X

25

16

Sale

6

f

7

OX Sale
4X
5

42 X

5X

5

9%

1054
49%

24

A..*

4

$x
5%

Sale

25

820 Hlbb Spencer Bartlett com.25
780 Horders Inc common.._.._.*

mm

4x
8X

46

S3

370 Godchaux Sugar Inc cl B
ymmm'mm

7

20

500

200

0%

Mar. 5
Mar. 30

May 26
May 20

13
May 12
1934 May 14

3734 Apr.
1
11
May 26
1654 Jan.
7

634 May 31
9
May 25
54 May 27

834 May 11
934 May
~
54 May

534 Mar. 31
834 Mar. 31
54 May 27

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
May
May
May
May
May
May
May
May

11

18

7

5

Jan.

654 Mar. 16
1034 May 18
254 Jan. 11
16

12

Jan.

5234 Jan. 26
10 34 Jan.

26
434 Jan. 16
254 Jan.
8
1534 Mar. 15
3334 Mar. 10
2334 Jan.
854 Jan.

11

16

23

12

Feb.

734
654
734
734
634
20

Jan. 10
Jan. 20
Jan. 11
Apr. 25
Jan. 17
Mar.

5

2034 Mar. 4
4534 Feb. 18
14

Jan.
Jan.

21

10

12

Houdaille-Hershey—

1,150

Class B
3,300
*
1,750 Hubbell, Harvey, Inc com..5
9,650 Hupp Motors com
—..1

350

1,750
360

Sale
11

IX Sale

750
450
10

10,950 Jarvis (W B) Co capital
2,450 lefferson Electric Co com.

100
50

if"

1734

434

934

5

2

4

2

13

12

Sale

11

UK

Sale
19

19

17
35

39

Sale

3734
334

14,410 Kellogg Switchboard

7^8 75" 7#
22
a* 5554 1"

190

230

260

Preferred.

1,760 Kentucky

130

660

*

com

....100

.....

Utll Jr cum pref. 50

100

6% preferred

354

Ac Lpcom A..*

1

Sale

2

Sale

4,810 Ken-RadTuhe
15,800 Kerlyn Oil Co

600
650
650

100

354

1834

Leath At Co

530

400

*

common

Cumulative

preferred

650

3,500 Le Roi Co common
...10
8,350 Llbby. McNeill At Llbby
*

7,750

Lincoln Printing Co com

*

190

S3.50 preferred...
2,300 Lindsay Light & Chem

26

*
10

13,150 Lion Oil Ref Co com
...*
4,200 Loudon Packing common...*
1,550 Lynch Corp common ......5

200

300

1,420 McCord

Rad At Mfg "A"
510 McQuay-Norrta Mfg com

20

450

5,000

*
•

Manhatt-Dearborn Corp com*

140 Mapes Cons Mfg capital..

mm

6,445
1,450

73,695
28,200

220

780

*

Marshall Field Ac Co com—*
Mer A Mfrs Sec cl A com
Prior

1

....*

preferred

M*
..." it
:::::

7% Sale
3 K Sale
20

30

100 Metrop Indust allot ctfs.....

m m mm m mm m

18,600 Mlckelberry's Food Prod com I
170,500 Middle West Corp capital
5
53,350
Stock purchase warrants...
9,950 Midland United Co com..—*

4,000
41,950
11,200
1,000
1,660

334
2254

2054
154
25

com

5X

IX

3
Sale
IX

1,340

40

30

1434
7

250

3,950

Modine Mfg com
*
650 Monroe Chemical Co com...*
250
Preferred
•

150

—

60

60 Mountain States Power pf. 100
400 Muskegon Mot Spec com....*

■

mmmm—-

160

300 Nachman Sprlngfllled com.*
1,050 National Battery Co pref...*

200

1,250

640

9,110

Nat'l Pressure Cooker Co...2
Nat

Sale
Sale

3

20
2

834
33

34
!434

54
2234

7

Sale

354

Sale

221 iv&

234
234
534 Sale
34
54

234
534

„

54

29
20

May
4
634 May 28
6
May 31
254 May
9

354 May 28
1754 May 26
154 May 18

Sale
Sale
Sale

634 May 27
2534 May
6
54 May
9

20X
3X

21X

39*?

40%

5

654 May 27
354 May 26
22
iVxay
5

1

23
12

7X
20
6

20

10
22X
7

134
34

134
54

34

354
534

254

22

15
11

21
15

2134
4

7
May 19
2534 May
6
34 May 12

834 May 10
434 May 13
2434 May
4

31
31
31
10
26
3

19
20
19

23

254
634
34
54
454

May
May
May
May
May

108

Mar.
May
Feb.
May
May
11
May
1534 Mar.
35
May

29
7

Apr.
534 Mar.
354 Mar.
34 Feb.
134 May

12"

3
5

Jan.

18

Jan.

13

Jan.

5
14

Feb.
Jan.

15
11

Jan,

9

21

534 Mar. 25
Apr. 20
34 Mar. 22

24

19

534 Mar. 30
234 Mar. 26
1954 Mar. 25
11

Jan.

2!"
at"

1634 Mar.
154 Apr.
2454 Mar.

Jan.

10

Jan.

Feb.

14
4

1434 Jan.

10

31

Jan.

18

134 Jan.

11

19

7
Apr. 28

Mar. 22

954 Jan.
454 Jan.
25

10
8
Apr. 22

16
3

Feb.

11

Jan.

7

Jan.

2

Jan.

10
5
10

54 Jan.

5

3

2

May 17
2
May
7
1
May
3
34 May
9
3
May
5
22

May
5
334 May 23

Mar. 31
Mar. 31
Mar. 30
Jan. 10
Feb.
Feb.

4
9

5

Jan.

1

2

May 17

1

Mar. 28

2

Jan.

19

34
34
254
554

May 20

134
154
434
734

Jan.
Mar.
Feb.
Feb.
Jan.

10
12
1
23
12

18
2 54

Apr. 27
May 23

Apr. 14
Apr.
1
May
6

38

Apr.

7

Apr.

1154 May 26

1154 May 26

2034 May 28
454 May 11

23

20

434

4

16

1454 May 24

7
16

17

30

Mar.

Feb.

17

4

10

Mar.

Jan.

19
13
6

2234 Jan.

Apr.

2

Jan.
Jan.
Jan.
Jan.
Jan.

Mar.
9
Mar. 24
Feb. 18
Jan. 15

30

Mar.

6

Jan.

22
22

k

234 Mar.
1554 Mar.
634 May
2

Jan.

80
May
2834 Jan.

Mar.

53

16

15

May 23

1554
1854
2354
40 X
534
734

Feb.

20

8
10

5

534 Mar.
65

Jan.
Jan.
Jan.

4

Mar.

3

11

834 Jan.

8
2334
6

1134

11

Mar.

11
1534 Mar. 30
11
Apr. 11

934
25
534

5

Jan.

^

154
434
54
34

35

20

6

May
May
May
May
May
May
May
May
May
May

1934 May 27
254 May
6

2?" si

334 May 28
2154 May 13
134 May 10

Jan.

Mar.

16

234
534
54
34
3

19

May
4
734 May 23
7
May 14
334 May 12

12

11
2

5

14X
434
434
234
1234

18

2
2

I

20

1154 Jan.

100

2434 Mar.

434

3"

it"

30

27

2454
1534

754
334
54
134

iH

6
14
13
11
23
25
26
10
9
31
18
6
3
11
17
9
7
2
2
18

25

54
2234
734

22

250 Minn's-Mollne Pow Imp com.*

''-^mmmmm

634

It"

26
654
3 108
26 19
2
23
25
234
26 1234
26
25
31 35
4
5
3
634
3 80
5 23
26 5554
20
834
4
16
1
24
2
27
18 29

434
20

J*

34

134

7% prior Hen..........100
560
7% preferred A........-100
290
6% preferred A.......
100
2,350 Miller A Hart Inc conv pref.*

240

334
Sale

80

1

Convertible preferred...
*
860 Midland Utll *% pr lien.. 100

620

10
26

7

25

ZH

334

7,260

90

1654
134
2654

2

5554

334

27

....

2X

3

WA

6

80
24

30

27

4

254

100

300

54

it"
754
8*
V&
I"
ii" 28
it"

*

550

334
,

4

8

7

29

234
20

560 Lawbeck Corp 6% cum pfdlOO

7,850

mm

10

334

834
434

7

common A
5
9,300 Kingsbury brewing Co cap.l
6,500 La Salle Bit Unlv com
5

650

Sale

554
10434
1634
A%

4

1434

13

1
.

Sale

16

7
7

234

Sale
934

5

106

700 Joslyn Mfg & Supply Co com 5
12,300 Katm Drug Co com
1

1,400
1,550

'mmmmm

734

150

2,000

634
854

10234 106
19
1654
434 Sale

70 Interstate Power $7 pref
*
$6 preferred....
..___..*
2,850 Iron Fireman Mfg Co v t C
'

50
50

754 Sale
854
934
54
1
6

4,760 Illinois Brick Co......
..10
2,110 Illinois Nor Utilities pref.100
3,400 (ndep Pneum Tool v t e_.
*
2,500 Indiana Steel Prod com—.1

250

m mm rn mm

8X
10

May
5
454 May 11

2

Mar. 29
Mar. 22

4

2734

5

434 Jan. 19
4134 Feb. 21
1654 Mar. 21
13
Apr. 26
834 Mar. 1
May
5
634 Jan. 13

23

Republic Invest Trust—

Cumul.

conv.

*

pref...

3

4%

5 34

Sale

534 May

2

6

May 25

334 Jan.

1634 May 10

13 34 Apr.

4

634 Mar. 22

National Standard-

650

6,450
3,150

'

m m mm mm mm

m

Common

10

stock

National Union Radio

com..

20 X

19,050
4,400

1,400
550

Noblitt-Sparks lnd Inc
North American Car

50 Northern

mmrnrnm-

400

1,200

imp

5
20

com

Paper Mills com.*

North 111 Finance

50
160

54

1434

854
1534
154

19

2X
10

Sale

2X

134

14

10*4

12

22
II

50 Nunn-Bush Shoe com.
2H
30 Okla Gas A El 7% pref
100
Ontario Mfg Co com........*

50

8

220

V

554

12

10

36

105

15

12

2134
854

Sale
12

16
...

A

1234

9

34
11

1354

Sale

6

32
8

1,200

..." io"

10

12

~7~~ Sale"

7% preferred...........1*0

420 Nor West Util pr lien pref.lAA

200

18

34

16X

*

com

22.650 Northwest Bancorp com....*
1,060 Northwest Eng Co com
*

2,800

1534

1

170 Nineteen Hundred class B..1

mmmmmm mm

Sale

.....

100

15

io"
1234
6.
12
35
17
12

1354 May 27
154 May
3

1554 May
9
134 May 10

May
554 May
11
May
22
May
11
May
10
May

12

12

4

17
26
26
2
25

May

4

6 34 May

9

11

May
May
1934 May
10
May

31-

26
11
10
25

105

934

14

6

854
3034
1534
34

Mar. 30
154 Apr. 29
10
Feb. 19

12

Jan.

1

10

Jan.

12

Mar.

2334 Jan.
254 Jan.
10

Feb.

2

12
11
19

12

14

5

29

1234 Apr. 11
854 Jan. 15

31
5

13
32

30

1934 May 10
10
May 52

Apr.
Mar.
834 Mar.
1834 Apr.
834 Mar.
10
May

25

Mar. 29 100
3
13

96

14

10

1
34 Mar. 24
834 Mar. 17

934 Feb.

Mar.
Jan.1

Jan.

Jan.

1
6

17
25

Oshkosh B'Gosh Inc—

390

Common
.....*
40
Convertible preferred....*
800 Parker Pen Co (The) com..10
9,535 Peabody Coal Co B com
*
10
6% preferred..........100

20

150

2,700

1,750 Penn
1,950 Penn

100
300

Elec Switch

conv

Gas A Elec A

26

880

1,150

7

com..

50

7,210 Quaker
1,390

....

950 Rath Packing Co

50

1354

450
440

5

Sale

354

4

Sale

1

Sale

%

65
93

72
72

* Sale

94

13534 136
18

8

Preferred

2834

26

2334

65".....

10

150

5

2834
2734

154
X
96

.........100

May 12
1534 May 11
34 May 10

140

20

18

254
1

?"

10

9

40
12
4

3154
22

334
34
54
54

May 23
May 25
May 10
May 27
May 14
May 31
May 12
May
4

1334 May 10
5
May
3234 May
24
May
334 May
54 May

20
9
11
28
24
May
9
May
4

Jan.

22

54 Apr. 21
Apr. 26
1
Apr.
2
Apr.
Mar. 23
May 27
Mar. 29

8

Mar. 26

2734 Feb. 15
1534 May 11
Jan.

40

lm

33

29

Mar. 11
Jan.
5
Feb.
9
Jan. 10
Jan. 10
Jan. 12

21

Sal"

93
95
May
2
13834 May 27 140
19
May 20 19
2 34 May
5
334
% May
3
134
9
May 20 10

May
May
May
May
May
May

12
31
20
9
11
6

Mar. 28

IS

May 12
Mar. 16
Apr. 14

.8

Apr. 14

85

Mar. 31 10054 Jan.
Mar. 28 141
Feb.

X4.

129

6
1634 Jan.
134 Mar. 31
3
54 Jan.
734 Mar. 29

96

Mar. 30

13

Apr. 26

74
95
Sale

v

96

...

554 Apr. 22
May 12

26
14

74

Sale

4,700 Raytheon Mfg Co com vtc 50c
4,300
6% preferred v tc...—
5
2,050 Reliance Mfg Co Common. IS

1,350

26

50

12

H

_1§0

com..

34 May 10

3l"

33

Oats Co com

Preferred

14 X May 27

14

2!'

Common................60

660

May 12

26

15

50

22

Process Corporation com...*
80 Pub Serv of Nor 111 com
*

270

8

2734

13

123

1,440

""

554
26

31'

A.. 10

400 Peoples Gas Lt A Coke caplOO
1,940 Perfect Circle (The) Co.
*
2,080 Pictorial Pap Pkg com......5
1
6.550 Pines Wlnterfront com
3.750 Potter Co (The) com
1

100
210

950
50

....

Jan.
Jan.
Jan.

13
8
6

Apr. 14
13
1

2034 Apr. 27
334 May
9

#
99

Feb.
Jan.

Jan.

17
13
4

Rollins Hos Mills—

3,100

§66

18,200

Common
.——1
40 Ross Gear A Tool com......*

4,350 Sangamo Electric Co

For footnotes

see

page 56.




com..

1
20 H
26

Sale
20 X

1

1854
1634

Sale

[

20
19

I

1

134

1854

17

1

19

15

16

May

2

134 May

9

May"25 ~j$% May"l3

54 Mar. 25
2034 Feb.
7

134 Jan. 15
2034 Feb.
7

1514 Mar. 31

27

Jan.

8

56

CHICAGO

In

Jan. 1

5,750

STOCKS

1938

.

May 2

Par

Snares

Shares
300

40

120

6

400

"loo

Sale

20

550

15*
905*

200
700

5,900
1,750

2,350 Thompson (J R) com..
9,550 Trane Co (The) common

"2*150

25
2

200

250 Union Carbide A Carbon cap*

2,450

10
2

2X

1,410

150

2,850
15,750
2,510
1,050

1,400
610

Wahl Co

4

122*

4^
14

71

73 H

450

4,450

1,900
700

*

Sale

35*
16

45*
Sale

625*
635*
15* Sale

105*

10

35*

12
76

4

80

12

45*

4

75*

8
Sale

16
>

235*

Sale

35*
155*

45*
Sale
615*

60
1

5*
15*
15

37

*

Williams Oil-O-Matlc com..

14,750
6,400

Sale

3

5*'.
X
15* Sale
125*
23

1375*11395*

com

2

Sale

Sale
115*
25*
35*

9

25*
35*
125*

25

•

Cum prior preferred

510

mm mm

12

6

Co cl A.*

Walgreen Co com
Ward (Montgom) A
Wleboldt Stores Inc

¥
605*

8

Highest*

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

Sale

5*

65*
505*
2 5*
205*
105*
10
14

May
May
May
May
May
May
May

25
31
2
21
24
10
19

75* May
May
35* May
21
May
105* May
105* May
155* May
60

16
7
23
20
24
10
13

Sale

134
5

25*

139^
IS

4

Sale

72

2

65* May 25
475* Mar. 30
Mar. 30

2

205* May 31
85* Mar. 28
10
May 10
Mar. 31
Mar. 25

935* May 20
May
5
635* May 10
105* May
3
2
May 11

72

Apr. 21 100
18

74

May 19

10

64

Mar. 30

13

Mar.
1
Jan. 15

Mar. 23

35*
55*
125*
65*

Jan.
Jan.

13

Jan.

24

28

45* May 20
8
May
2
165* May 20
265* May 10

155* May 23
655* May
6
1
May
5
5* May
5
1% May 26

Mar. 25
105* Apr.
7

May 10
May
6
May
2
May
6
May
6

4

Mar. 31

75* Apr. 26
15

Mar. 30

225* Mar. 30
Mar. 31

Feb.

3

Mar. 30
Mar

29

Jan.

18

Mar. 29

23

Mar. 29

365* Jan. 17
15* May
5
15* May 6
14^ May 31 165* May 16
136
May 10 139
May 26

25* May 17

Feb. 21
Feb.
1

25* Apr. 18

Jan.

105* May 26

2

13
17

Jan.

May 10
May 19
635* May 10
12
May
7
25* May
3

26

27

Jan. 11
F"b. 23
11
Jan. 14
Jan. 10
Jan.

74

_

105* May
4
May
75* May
16
May
235* May

135*
635*
65*
285*
175*

95.

37

IX
1H
185* Sale

•

com

75*
505* Sale
35*
25*
205* Sale
9
105*
85*
105*
14
12 X
25*

635*

16

15,550 Utah Radio Products com..*
3,600 Utility A Ind Corp com
5
Convertible preferred
7
8,110
510 Viking Pump Co common...*
Preferred
50
.....—»

800

a8»
93

Lowest

Ask

80

~60"

Common
1
15,700
1,500 Standard Gas & Elec com...*
300 Stein & Co (A) common
*
10
2,950 Storkline Pur com
6,650 Sunstrand Mach Tool com..5
36,100 Swift A Co cap stk
—25
15
10,650 Swift Internacional

50

21

¥ "155*

250 Southwestern Lt & Pow pfd.»
690 St Louis Nat Stockyards cap *
6,700 Standard Dredge cony pref20

450

jiS

11

290 Southw GAB Co 7% pref.100

70

30

A*
Sale

54

340 Slvyer Steel Castings com—*
4,750 South Bend Lathe Wks cap 5
280 Sou Colo Power A common.25

30

1

Sale Prices

May 31

Ask Bid

Bid

4,000 Schwltzer Cummins capital. 1
*
9,250 Sears Roebuck & Co com
13,300 Serrick Corp cl B com
1
480 Signode Steel Strap Co pf.30
Common
1,720

'

350

RANGE SINCE JAN.

Price
Jan. 3

Since

May

PRICES IN MAY

CHICAGO
STOCK EXCHANGE

sales

aggregate

EXCHANGE

STOCK

^ay

6

Jan.

21

15
11

Feb. 28
Jan. 17
17

185* Jan.

11

27

Jan.

15

55*
165*
665*
15*
5*

Jan.

2

18

12
Feb. 25
May
6
Jan. 12
May
6
Feb. 25
Jan. 14

37 5* Feb.

18

11
20j

Jan.

8

Jan.

11

Apr.
8 140
105* Jan. 28 123
735* Mar. 24 793
25* Mar. 25
43

Jan.

6

Jan.

15
3
18

1

Mar. 23

145* May 31
126

Feb.
Jan.

Wisconsin Bankshares—

350

•

......

Woodall Indust com—.....2
1,500 Yates-Amer Mach cap
.,.5
3,700 Yellow Cab Co Inc (Chic)..*

150

5,060

Common

51,960 Zenith Radio Corp

No par value.




x

Ex-dividend.

com

*

45* Sale
3
35*
15*
IX
9
105*
135* Sale

18

4

SH

t Formerly the Cord Corp.

Sale

35* May 27
3
May 23
15* May
3
85* May 26
95* May 27

May
May
May
May 18
125* May 10

35* May 27
25* Mar. 30
15* May
3
8

Mar. 26

95* May 27

5]
53
23
12!
173

Jan.
Jan.

Mar,
Jan.
Jan.

10
15
5

19
*

,2

RANGE OF PRICES ON BALTIMORE STOCK
Stock Sales

May

1938

Jan. 1 to

Shares

May 31__

AGGREGATE

1937

24,983
227,846

46,349
442,313

"

„

In

Since
Jan. 1

BONDS

$

BALTIMORE CITY BONDS—

300

19,566
6,150
3,500
1,000
3,000

1,000

2,000 City 4s Conduit
2,300 City 4s Water Serial
1,100 City 4s Dock Impt

1,292
100
495

Bait Transit Co 4s flat—1975
A 5s flat

1975

B 5s

606

4%

4%..1942
...1947

Interstate Co 5%

5%

Read Drug 8c Chem 5548.1945

1,020
250
390
180

123

23
25

Sale
Sale

17

9654

"99"

12,474

Houston Oil

1,366

127

970

3,025

49,151

985

17,234

9854

10154

—

10054

Sale

15)4

15)4

16
Sale

2,162
2,066

485

17
May 27
May
9
80)4 May
7
99)4 May 12
92)4 May
3

20

99
94

10054 May

101)4

154

Sale

12 Ji

15

16

2A
Sale

16)4

154 Sale
12
11)4

1554
20)4
)4
154

20

May 12

2254 May 14
May
4
99)4 May 12
93)4 May 26

81

2 10054 May

65

Sale
Sale

62)4
113)4

65
Sale

6454

68

._6«
92
.....

954

-if

114

Sale

5

114

Sale

11)4
90 %

Sale

954

10)4

«.

90

—

96

28)4
954

31

27

36

Sale

30
.....

May
May
May
May

11)4 May
20

May

63)4 May
113)4 May
5
May
13
May
90)4 May
28)4 May
954 May

common t t.

1st preferred.

.*

.....100

Sale

)4
8

Sale

Common class A

2

2)4

Sale

1

Mar Tea Oil

Mercb Ac Miners Transp
Monon W Penn PS

*

7% pref 25

1)4 May
May
May
)4 May
6)4 May
)4 May
154 May
154 Sale"
1)4 May
1)4
2
217
May
12
12
May
22
24
May
2454
42

14)4
54
6)4
)4

preferred....100

Second preferred.......100

6
16)4 May
20)4 May 16
4
n May
May
6
13** May 10
20
May 20
68
May 16
115
May 10
6)4 May 16
14)4 May 13
99)4 May 19
30
May 26
May 23

1)4

2

Sale

12

24

25

22

48

54

39

15)4

13)4
2254

13)4

.....

14)4

14

.....

1)4 May
May
May
54 May
7
May
I
)4 May
2)4 May
154 May
217
May
13
May
23
May
42

17

137 Mt Vern-vVood) Mills Com 100
691

Preferred

100

160 National Marine Bank.

130

1,135
2,000

...

750 Northern Central Ry

300

10

1,825 Owlngs Mills Distillery
1
1,392 Penna Water Ac Power com.. •

297
200

200 Phillips Packing Co
Pref
134

81

com

11 Real Estate Trust Co

38
43

30

11,710 New Amsterdam Casualty..2
24,867 North Amer Oil Co com

230

'lOH Sale"
1)4
154
9354
97
)4 Sale

8)4

Sale

45,137

31
•

US Fidelity

"73)4 Sale"
54




76

9
1)4
Sale

K
66

:

'66)4 "68""
2)4

*

70

66

100

101
Jan. 10
May 24
116)4 May 24
119)4 May 24
120
May 24
120)4 May 24
12454 May 24
12454 May 25
122)4 May 24
122
May 24
Jan.
17 126
May 24
118
Jan. 17 117
May 17
112
Feb. 17
85
Apr. 29 91
15
Mar. 29
2354 Jan- 15
27
Jan. 15
15)4 Mar. 31

Jan. 10
114
May 24
116)4 May 24
116)4 May 24
120
May 24
120)4 May 24
12454 May 24
118
May
4
116)4 Jan. 26
122
May 24

78

Mar.

9654 Feb.
92
Apr.
99)4 Mar.
99)4 Feb.
99)4 Jan.
99)4 Feb.
10054 May

1

44)4 May 12
8)4 May
2
1)4 May
6
73)4 May
2
54 May 17
66
May
4
3
May
3
68
May
4

44)4 May
10
May
1 )4 May
80)4 May
54 May
67)4 May
3
May
70
May

31

Sale

32)4

34

1054
"

11)4

1054

11)4

1054 May 27
30
May
3

13

30

May 11
May
3

85

9954
1
18 94
22 99)4
16 99)4
27 99)4
23 99)4
2 102

Feb. 24

Mar. 16
Mar. 31
Mar. 22
Feb. 16
Jan. 27

Feb. 23
2

12)4 Mar. 30
4
17)4 Apr.

Jan.

K Apr.

28

Jan.

12
7
6

Jan.

7

)| Mar. 31
9)4 Mar. 30
20

55)4 Mar. 31
4
112)4 Apr.
454 Mar. 30
11

Mar. 30

7554
28)4
954
9)4
1)4

Mar.
Apr.
May
Mar.
May
May
Mar.
Apr.
May
May
Mar.
May
Apr.

64

13)4

114

Feb.

10
42
4
11)4
6
%
6
6)4
25
6
X
154
6
1)4
4
24 215
10
Mar.
3
21
Apr.
16
1)4 Apr.
39)4 Apr.
4254 Apr.
17
7)4 Mar.
11
1 )4 Mar.
3
72)4 Apr.
25
54«Mar.
17
59)4 Apr.
12
3
May
3
66
Apr.
24

100

Ac Guar .......2
20
294 Western National Bank

No par value.

8)4
1

95 Seaboard Coram'l Pref.....50

6,318

2

5

25 Mercantile Trust Co.......50

15

295

114
May 24
116)4 May 24
119)4 May 24
120
May 24
120)4 May 24
12454 ivlay 24
12454 May 25
122)4 May 24
122
May 24
126
May 24
117
May 17

100

*

v t c

Class B

303 Mfrs Finance

104
422

21

93

98)4
91)4

5 Guilford Realty Co com.,
1
Preferred
100
5

5

18

18

20

21)4

Black A Decker common....*

25
5

Sale Prices

Par

293 Brager Eisenberg Inc com..50
•
5,899 Consol Gas E L 8c Power
1,558
5% preferred
—'.W0
6,479 Eastern Sugar Assoc com ...1
Preferred
1
3,175
2,197 Fidelity Ac Deposit
...20
1,259 Fidelity Ac Guar Fire Corp. 10
1,080 Finance Co of Am class A... 5

10

744
437

Highest.

Sale Prices

101

1941949
1950

5%
5%

1st Preferred

Lowest

Sale Prices

1945

STOCKS.

8,971
4,894

Highest

Sale Prices
114
May
116)4 May
116)4 May
120
May
120)4 May
12454 May
118
May
122)4 May
122
May
121
May
117
May

1975

Finance Co of Amer

1

Lowest

Ask

4s Sewerage impt
..1961
3)4• New Sewerage Imp.. 1980
Atlantic Coast Line 5% ctfs..

11,730 Arundel Corporation
*
460 Atlantic Coast L (Conn)...50
*
3,728 Bait Transit Co com ▼ t c

404

2,5.87

Ask Bid

Bid

1958
1958
.1961
1961

100 City 48 Jones Falls

3,500
1,700
11,400
445,000
124,650
13,000
23,000
13,000
1,000
2,000
2,000
2,000
15,000
Shares

Shares

Ask

.1951
1955
1957

600 City 4s Public Park
300 City 48 School House

100

2,400

RANGE SINCE JAN.

1940

1,700 City 4s Paving

600

300

300

Bid

May 31

May 2

1938

100 3)4« Public Impt

1,700

—-

Jan. 3

400 City 4s 2d Water Serial. .1947
400 City 48 Annex Impt
1951

400

2,000
2,300

May 31

$270,350
926,550

$44,950
667,250

Price

May

400

Jan. 1 to

1937

1938

J—.

May__

PRICES IN MAY

BALTIMORE
STOCK EXCHANGE

SALES

EXCHANGE

Bond Sales

Mar.

31

Jan.

Apr. 14
Jan. 11
Jan. 14
Jan. 17
Feo.
5
Jan. 13
Jan. 12
Jan. 25

5

Jan.

8

23

Feb.

2

11

Mar. 11

10

ivlay 10
May
4
Jan.
11

4

30
11

Jan.

21
21

13

Jan.

24

31

Jan.

8

18

Jan.

8

11

26

Jan.

28

May 24
Jan. 15
Jan. 12
Jan. 11
Jan. 27
May 17
Jan. 15
Jan. 21
Jan.
7

23

Jan.

3

4

Jan.

lo

3

May

31
4

12

11
28

30
11

22

Jan.

7
12

Mar.

3

21
7

3654 Jan.
8)4 Mar. 29

Jan.

6

Jan.

I7

Mar. 18

Jan.

7

30

RANGE OF PRICES ON BOSTON STOCK EXCHANGE
Stock Sales

1938

May
Jan.JL to May 31

AGGREGATE

Shares

SALES

356,634

Jan. 1

S

Shares

PRICES IN MAY

1938

East Mat® StRR serA 4%a 1948
Series B 5a
1948
Series D 4s
-.1948

STOCKS

9,486

661

Flrat pre/erred

......50

84,814 Amer Telep A Tales}

..100

..

188

555 Assoc Gas & El Co class A..1

102

112 Bigelow-Sanford
Carp com..*
297 tttgelow-San Carpet
pref.100

26

1,801
1,526
1,245
526

5,658
11,167
6,528
3,843

Boston Ar

Albanv...
100
Boston Edison Co........100
Boston Elevated

too

Boston Herald Traveler
Corp*
200 Boston Ac Maine pref
stpd.10*
662
Common
............10®

65

155

5

""170
329

4,546
2,419

7

677

160

1,027

23

73
282
111

120
10

398
76

300

2,968

77

Preferred
Prior pref
.

25

720

"395

Il00

Class B 1st pref
stamped 100
1st preferred class B
100
Class C 1st pref
stampedlOO
1st pref class C
100
Class D 1st pref
1st pref class D
Boston Personal

40
95

360

Sale

62

Sale

57

80

67

80

63

62% 1

55c

80c

1%
2
19%
12%
143 % Sale

15
322

92% Sale
121

Sale

48 %
19

Sale
Sale

6,958

Isle

10% Sale
3 % Sale
3

3%

—_

1,135

3,378
2,600
3,705
43,816

"467
2,910

25
*

*

100

14,816

62

175

Mass UtII
Associates

486

25
joo

v t c

*

New

com

12
80

2%

L

ale

121
430
245

1,786
1,332
20

4% Sale
35c

70c

3

Sale

49%
26%

50
27%

2,822

641 Keece Button Hole
Mach~"l0
683 Reece Folding Mach

Co..

8,776 Shawmut Assn T C
15,171 Stone A Webster Inc

10

"

cap'atk

270 Suburban Elec Secur
com..*
2d
iel« rred.
35
...

1,556

9,248 Torrington Co

(New;.!"""

100
•

430 Union Copper Ld Ac Min Co 25

115

1,280 Union Twist Drill...
16,927 United Shoe Mach CorpI"52
1,398
Preferred
25
42,153 Utah Metal At Tunnel.
I

3,934
209

9,170

150 Venezuela Holding
Corp.. 1*1

""50
527
702

204 Vermont At Mass
Ry

*




IK
1%

IX
2%
2%
4

"7li
Sale

4%

35

M
4

25c

60c

25c

4§*

48

A*

45*

Sale

im

Sale

3%

2

7%

9

Mar. 31

50
55

Apr,
Apr.

15

6%
4%
40c

32c

Mar. 23

75c

85c

25

7

6

30
8

1%

3

2

3
20

10
2

1%

5* ~"\K
5%
a

Sale

40c

50c

45c

18

22

15

'l3% "18"
•5
Z*
22
o

17A

2
25c

24

Sale

3%
12%c
1%

4
25c
IK

"in
4}

"28"

7

Sale

2

iS*

45c

5

2?
19*

25%

8%

29

13
18

3
37

19
4nc

"60c"
22

il*
5
12

30c
....

10

6

1%

5

11

1%

1%

15c

133 %
'1 %
1

jh

79

123

58%
15

1%
2%

6% May 27
1 % May 27
1 % May
6
1% May 18
1% May
6
2
May
4

8

2%
1%
2%
1%
2

May
May
May
May
May
May
May
May
May
May
May
May
May

9
12
27
10

lO
9
17
10
3
10

lO
13
19

May
7
May
9
May
6
May 13
May
6
May
4

2% May
6
1 % May
5
8% May 11
35
May 10

2% May 13
1 % May
5
9% May, 7
45
May
4

5% May 27
73
May 31
4% May 21

7% May
7
73
May 31
4% May
3

May
May
May
May
May
4% May
2
May
2% May

65
75

Jan.

75

1
1

15
75c
19

May 19

13
18

26%
1%
4%
7%
2%

May
May
May
May
May
May
May
May
May

May 18
10

13
20

26%
1%
4%
8%
3%

May
May
May
May
May
May
May
May
May

10
11
23
16
14
10
17
13
27

1 % May

3

Jan.
13% Jan.

6
Mar. 28

May

9

12

Mar. 29

1% May

6

12

5%
15

May

9

1% May 23

15

25c

22

22%

5

Sale

10c

15c

1%

2%

20

4%
5c

1%

Sale

4%
10c

1%

19% May"27

22

4% May 27
10c
May 19
1% May 11

May
6
5
May
2
10c
May 19
1% May 11

99 X

Sale

2%
42c

Sale

4%
3%
30c

Sale

14

5

2X
9X
10

91c
35

89% Sale
65

70

1%

Sale
Sale

51c

2%

3%
2%

1

42c

15"

20% Sale
2X
19

87% Sale
9%
65

10

86

90

23 H

18*

80c

12%
15%

13%
Sale

51

2

2

Sale
Sale

16

1%
9%

27c

Feb.
7
Mar. 31
Jan.
7

Apr.
Jan.

19

1

1% Mar.
10c
Jan.
18% Mar.

3% Jan.
10c

•

20

60%

42c

12%
13%
1%
15

1%
8

Sale

40%

1

Sale

50c

1%
90

6%
2%
22%

,

7
2%
23

81

May
May
May
May
May
May
May
May
May
May
May
May
May

20
26
14
7
4
19
5
3
24
2
16
31
27

65
1 %

55c

2%
1%
60c

13%
17%
2%
16

1%
9%
9%

May
May
May
May
May
May
May
May
May
May
May
May
May

20
5
5
16
7
7
9
9
18
13
16
4
9

65

66

Sale

43

Sale

1

Sale

55c
60

6%
2%

1% May
2
1

23

6%
Sale

Apr.
May

30c Jan.

9% Mar.
13% May
1% May
15
May
1 % Mar.
8
May
5% Mar.
40

20
20c

May 27
May
£
16% May 13
60
May
2
40
May
9
92c
May 18

22

May
3
20c
May
5
17
May
3
71% May 19
43
May 28
1
May
2

1 %

Sale

Jan,
Jan.
Feb.
Mar.
Jan.
Jan.

37c Mar.

75c

20c
18

Sale

107

23

18

16

17

3%

2

6%

25c

40

May 21

48

16

Sale

1 %

J^ c\H
8
Sale

Sale

20c

1%

12%
Sale
1%

20

20

Sale

65

40c
1

75c

32

35c

1

2%

51

25c
19

90c

50c

Sale

.....

6

8

7

9%

21%

100

Sale

"55c" "I"

26% Sale

71K Sale
38% Sale

Sale

1%
41c

15

Sale

1%

1%
40c

11%
14%
1%

1

May

9

Feb.
Feb.

17

Apr.

15c
15

Mar.
Aor.

50

Mar.

38% Jan.
55c

Mar.

55c

60

May 31
6% May 27
2% May 25
23
May
3

70

May 25
May
5
2% May
9
23
May
3
7

9

J*

1

19
1 % May 27

Feb. 21
Mar.

May 27

it*

10
27
23
16
16
26
3
3
6

50c

8*

2!*

13
14
10
7
19
9
23
12

35

1

110% Mar. 30 149 % Jan.
7
% Mar. 29
Apr. 18
Feb. 15
17% May 27
84
Jan.
6
Apr. 22 94
60
Mar. 31 108% Jan. 14
108
Apr.
1 125
Apr. 28
48% Jan.
3
58% May 10
13% Mar. 31 20% Jan. 13
1% May 13
2% Jan.
5
2% Mar. 26
3% Jan. 28
2% Feb. 25
Feb. 25
Jan.
5% Mar. 18
5
4
Feb. 26
1% Mar. 23
1
Mar. 16
4
2% Feb.
1% May 18
4% Jan. 11
1% Apr.
1
May
6
2
Feb.
3% Jan. 18
3
Feb.
1% Apr.
3
5
2% May
Jan. 31
3
1% May
Feb. 25
12
Jan. 11
8% Apr.
35
Jan.
6
May 10 75
1% Feb. 23
1% Feb. 15
5% Mar. 30
10% Jan. 11
73
May 31 73
May 31
4% May 21
7% Jan. 11
30c
70c
Apr. 27
Feb. 24
3
1% May 27
Jan.
3
42% May 30 52
May 14
15
May 31 30% Jan. 21
% Jan. 24
jx Feb. 14
13% Apr. 18 28
May 19
3 % Apr. 18
8
May
9
2
1% Jan. 28
Jan. 13
2% Apr.
5
3% Jan. 22
20
Jan.
30
7
Jan. 16
12
Feb. 18
13
Jan. 16
15% Apr.
20
1
May 11
30
23% Apr.
1
Jan. 13
1 % Feb. 10
1% Feb. 23
4% May 16
Jan. 14
7
Mar. 31
Feb. 28

20c

28

80c

6

Mar. 29

2% May
52
May
24% May
75c
May
28
May
8
May
2
May
3
May

18

Sale

Apr.

27
5
31
7
3
4
23
26

"60c"

15

1

11

5

46

40c

1%

15

14

1 %

48%
Sale

19

16%

50c

2

Sale

85c

4

20
28c
45c

7

com

Sale

9%
45

1K
6%

?lc*

1%
6%

3

(S.D.) A Co~

8%
38

Sale

•

Ex-dividend.

3

2%

13

"•

x

X"

!

«

lOO

No par value,

I*

14%
1%
2%

ilH

3,727 Waldorf System Inc....
4,710 Warren Bros
241 Warren

Sale

"8"

\X

25

6
2

Co-Z

10

m

Sale

"2%

1

90c
20

..100

3,182 N Y N H At Hartford"I"Il00
37,549 North Butte..........
2.50
1,385 Cld Colony.......
"_lt0
297
Certificates of deposit.
1,411 Old Dominion Co
25
2,565 Pacific Mills
100
14,598 Pennsylvania RR
.""" 50
7,108 Qulncy Mining Co...
"~25

5

847

Sale

73

100

.....

.

371

49

*

_

England Tel At Tel...100

Preferred.

65
May 18
68% May 19
75
May 19

50c

May
2
May
4
May 19

May
1% May
May
Sale
124% May
% May
Sale
17% May
84
80
May
67
68%
May
Sale
116% May
Sale
53% May
14
15%
May
1% May
"2%
2% May

1

Mayflower-Old Col Copper.25

Mergeotna er Linotype
*
Narragansett Rac'g Assn Inc!

146 New River Co

3,965

ifl

Iioo

5%....

200 N E Gas Ac El Assn
pref

~l",565

ft*

15

1,060 Nat Service Co com shs t C...1
2,550 National Tunnel Ac Mines..*

200

122%

100

Royal Copper........

Preferred

"65%

80

1

25

98

400

75

2%
3% Sale

1%

common

^°*w ® Theatres
1,048 Maine Central..........
20

84

3
10
70

*
100

15 Int'l Button Hole Mach
Co,

"735

127%

Sale

...100

Prop Tr

....

250

125%

75c

2%
IK

977 Gilchrist Co

95

75

it* il*

2%

5,350 Gillette Safety Raior Co"" *
520 Hathaway Bakeries cl A.. "*
170
Preferred....
*
Class B
*
1,865
2,315 Helvetia Oil Co trctfs"
I

210

50c

2
Sale

4

1,108 General Capital Corp..
•
1,411 Georgian Inc (The) A pfd.20

130
1,190

60c

IK
15

94

322 Economy Grocery Stores""*
7,150 Employers' Group Assoc T C*

1,629

50c

18%
85

.

""20

73

stampedlOO

2,625
«n Gas & Fuel Assn" coin
4%% Cum Prior pref...100
2,961
6% Cum preferred..... 100
2,671
1,280 East Mass St Ry Co.....1.100
First preferred...
1,136
"lO®
300
Preferred B
uo
943
Adjustment
100
4,750 Eastern SS Lines, IncIZ"
*
89
Preferred

287

57
60

Ask

IK

Ac Hecla
25 Conn & Pas Riv pref...
11,877 Copper Range Co
650 Bast Boston Co__.._

85

Highest
Sale Prices

62%
80

78

IK

7,191 Calumet

649

Lowest
Sale Prices

60

72%

Ask Bid

3%
2X

247 Boston Ac Providence

653

Highest
Sale Prices

Bid

..TJI100

....

Class A 1st pref
stampedlOO
1st preferred class A
100

425 Brown & Durrel Co

1,088

Lowest

Ask

Pa,

2142 Amar Pneumatic Service
*
986
6% non-cum preferred...50

104

1

Sale Prices

May 31

May 2

Bid

Shares

105

RANGE SINCE JAN.

Price

BONDS

36,000
39,850
8,900

240

May 31._______

1937

$19,050
211,850

Jan. 3

S

7,000
10,850
3,000

Jan. 1 to

3,261,961

STOCK EXCHANGE
Since

May

1938

$20,850
84,750

May

BOSTON

_

Tn

Bond Sales

1937

287,899
1,904,352

Apr.
60
May
5% Mar.
1% Mar.
20

Jan.

6
26
19

50c

19*
18*
9
22

May 17
May 13
Apr. 11
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.

2% Jan.
26c
Jan.
24
Jan.
5
Feb.
15c
Feb.
2% Jan.
23
Feb.
102
Jan.
10

68

Jan.
Jan.
Jan.
3% Jan.
60 c May
16% Jan.
24% Jan.
4% Jan.
20
Jan.
2% Feb.
10% Mar.
11% Jan.
91c
Jan.
40% Jan,
27
Jan.
5

20

77}
43

28

23
27

15
12
11
10

11
5
18
23

6
Mar. 18
Feb. 21

nV*
79c

25c

14
26

Feb.
Feb.
Jan.

12
10
5
27

7
11
17
10
7

17
1
12

18
5
17
18
5
12

May 28
1% Jan. 10
3
1X Feb.
103
Jan.
7
6
8% Jan.
4% Jan. 13
25% Feb. 23

EXCHANGE

RANGE OF PRICES ON PITTSBURGH STOCK

May

Shares

Jan. 1 to

May 31_

AGGREGATE

<,

May

Jan. 1

BONDS

S
10,000 Pittsburgh Brewing

""315
721
93

4,380
300

1,863

A81

§05
ah16

120

1,703
140

2,050

Bid

1105

•

17)4 Sale

Arkansas Nat Gat Corp

1554
105

....100

Preferred

Ask Bid
107)4 105

Sale
Sale

507
216 Copperweld

*

32 54
12

2",400
779

§52
£•§03

6",500
500

280
,H97

10

Devonian Oil

1054 Sale

,

Pollantbee

Bros

75c

80c

5

554
154

100

pref

126 Jeannette Glass preferredlOO
194 Jones & Laughlln St'l pref 100
3,784 Stoppers Gas A Coke pref.ioo
Lone

2,961
20,413
12,696

19)4

12)4 Sale
10

8

70c

75c

•16)4
9)4

Mesta Machine

6

Fuel

Supply..
10
Nat Flreprooflng Corp com. 5

4)4% Preferred....... .50
21,000 Phoenix OH com.........25c
Preferred1
5,500
.

........

1,987 Pittsburg Brewing.....
*
Preferred
1.784
5 Pittsburgh Coal Co com..100
...

940

2,206

""486

4,085
II,745
2,055
1,249
8,200
1,040

Preferred

'"20
2,400

148
186

7
17

9)4

70c

75c

1,432
1,086

35

1054
754
50c

4)4
5)4

May
May
May
May
May
May

25
31
27
23
11
2

May
9
1254 May 12
954 May 13
7 5c
May
4
5
May 10
754 May 12

30

10)4
6)4
654
70c

10)4

21)4 May 21
7
May
4
17
May 23
9)4 May
3

21)4 May 21
7
May
4
17
May 23
10)4 May 10

Jan.
Feb.

20

100 V4

Sale

9954 100

Sale

Sale
90c

3754 Sale
6)4 Sale
2

1)4

4)4
154

1)4
5

2)4

22

22

24
4c

5c

2c

4c

5c

10c

4c

70c

May 27
May 10

8)4 May 10
May
5

75c

10c

3 )4

Sale

3

2054

22)4

20

Sale

19)4

5

Pittsburgh Steel Foundry

Sale
Sale

1)4

25

8654

*
5

754

~U"

1)4

70)4
6)4
6

Sale
Sale
8

1)4
66

Sale
Sale

1H

85c

95c

4)4 May 31
154 May 25
1
May 18

750 Vanadium Alloy Steel..
8,545 Victor Brewing Co

17,788 Westinghouse Air Brake
5,197 Westghouse El Ac Mfg..

1
•

80

Jan.

Jan.

7
4
15
29

2)4
„

254

lc

2c

5c

254
23

20

May 13
May 24

May

2

Sale

2)4

Sale

"5"

7H
9
3054 Sale
1)4 Sale

7)4

65c

60c
24

Sale

100 H

3)4

254

7

6

5

Mar.;
Feb.

Jan.
Jan.

13
28

Feb.

24

Apr.

28

70c

95c

2c

5c
21

May 13
May 24
May 26

5

May 31

65)4 May 31
454 May 27

7

May 10

75)4 May 17
654 May 10

75c

May 17

1854 May 13
85c
May
3

12

May

4

Sale

1854

Sale
Sale

May

4

"254 May 16

254 May

4

Jan.

Mar.

9

$

5c

Feb.

Jan.

Mar.

10
12
3

29)4 May
1)4 May

7
6

55c

May 18

18 H May 31
68
May 31

55c

May 18

22 54 May

11

81)4 May 11

Jan.

Feb.
Mar.
Apr.
Jan.
Jan.
Jan.

24
18
2
12
3

454 May

Jan.

Mar.

Jan.

10
10

1554 Mar.
75c May

; Jan.
[ Jan.

13
10

19)4
554
2454
4)4
1)4

Mar.

56

Apr.

12

Mar.
Apr.
Mar.
Jan.

I
I
I
;
i
;

'

Jan.

Jan.

May
Jan.

1)4 Mar.
7

Sale
Sale

14

Feb.

Jan.

70

3154
18)4
68)4

Jan.

Jan.

2c May

7

60c

Jan.

24
15
17
18
17
12

Jan.

Jan.

Mar.
Jan.

6)4 Mar.

50c

3

Jan,

Jan.

lc

28)4 May 16
1
May
6
55c

12

2c

Sale

Feb.

Jan.

5)4 May 11
2
May 27
1
May 18

8)4

36
60c

1

18
2

Mar.

70

70

100
7

Jan.

Apr.

6

14)4
lc

Jan.
Feb.

;

Mar.;

8

2754 Mar.;
454 Apr.
1)4 Mar.:
1
May

1)4
Sale

17)4 May 26

2c

Jan.

2

3c

5

14)4
2c

lc

Mar.;

Jan.

7
17

2

.5
...

23

Mar.;

154 Apr. ;
20H Jan. !

25

Reymer & Bros common....*

220 Ruud Mfg

Apr.

5

Jan.

50)4 Apr.
96
Apr.
654 Mar.;
90c
Apr.

May

6

90c

50c May ;

35* Jan.

7
May 24
May 16
May 11

May 16 55
99
May
3 10054
8)4
7)4 May
2
1
May
9
1)|

III-

17)4 Sale

Plymouth 011 Co.......
Renner Co ................1

8
6

Jan.

12
Mar.
5
Jan.
17
Jan.
8

25

30

5c

2c

Feb.

Mar.;
Mar.;
Mar.:
Mar.;

15)4 Mar.;
11)4 Jan. ;

7
Sale

9954 101)4
7)4 Sale
1
1)4

4)4
154

2)4
4)4
2454
10)4
6)4

17
15

Jan.

1154 Mar.;
*105

4

6)4 Apr. ;

54

..1

Pittsburgh Forglngs

Pittsburgh Plate Glass
Pitts Screw A Bolt Corp

........1
5,100 San Toy Mining
1
16,642 8hamrock Oil Ac Gas
10
6% preferred
100
1,000
6% Preferred
...
10
905 Standard Steel Spring
*
5
3,916 United Engine Ac Fdy—
1,976 United States Glass.......25

""315

May 27 16)4 May 11
May
2
May
2 105
3)4 May 11
3)4 May 11

13

105

100

281 Pittsburgh OH A Gau.......S

1,100

5

1

80

100

""165

Mar.

Mar. 10 111

107

11)4

*

361 Penn Federal Corp common
_

Highest
Sale Prices

"154

•7)4 "8)4

25

7)4

Star Gas

McKinney Manufacturing
Mountain

Sale

Sale

10

Port Pitt Brewing——.....1

26,632
6,370

50c
4

7

7
19

Electric Products.........

11,015

"410

2,135

Sale
110

10

Steel

Crandall McKAc Hend.. ....*

9,627 Duquesne Brewing

41

Lowest
Sale Prices

27

Sale

1)4 Sale
354
4
854 Sale

o

800

13)4
105

Sale

♦

o

404

Highest
Sale Prices

110

....

20

Lowest

10

Preferred
Armstrong Cork Co..
Ulaw-Knox Co

2ll Harb-Walker Rafrac com..
100
175 Home (Jos) common

3,426

Ask

•

11,239
*
I.131 Byerg (A M)
51,077 Carnegie Metals...........-1
......*
4,215 Clark (O L) Candy
*
13,851 Columbia Gas A Electric

56
100

Ask

Bid
1940

Its

Consol Ice Co Preferred

*

1

Sale Prices

May 31

May 2

1938

5,132 Allegheny Steel..

100

RANGE SINCE JAN.

STOCKS

8 hares

21

$1,000
13,000

$10,000

—

Price

Since

Shares
365

May 31

Jan. 3

In

%

Jan. 1 to

PRICES IN MAY

PITTSBURGH
STOCK EXCHANGE

SALES

1937

May

133,712
1,282,724

60,285
629,388

1938

Bond Sales

1937

1938

Stock Sales

22

Mar.

1

May
Apr.

12

14

Jan.

20

Feb.

24

Jan.

1

12

Mar. 16

Jan.

3
24

I Jan.
i Jan.

12
14

Jan.

.Tan.

7

Mar.

Feb.

15

15)4 Mar.
62)4 Mar.

[ Jan.
i Jan.

12
10

35
50c

UNLISTED.

100
150
♦

No par value

235 Lone Star Gas BH% pref. 100
1
2,796 P»Bnn>n(1Cnrp«tr
x

Ex-dividend.

L
sj




112

108

...

2)4

Sale

110

110

May 25 110
2

•1 )4 May 24

May 25
May
9

Apr 27 112
3
1)4 Mar. 29

108

Jan.

10

Jan.

10

Detroit Stock

Exchange

MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON DETROIT STOCK EXCHANGE
Stock Sales

1938

May

Shares_

AGGREGATE

SALES

-

'

!:

1937

Jan. 1

Shares
750

3,853
1,300
947
1,510

'

1938

:

;

Shares_

May 2

1938
Par

Allen Elec & Equipment

Bid

I

Ask

% Sale
14* Sale
6'A

Auto City Brewing common. *

Baldwin Rubber common...1
Bower Roller Bearing...
5

01

20

Brlggs Mfg Co common.....*
Brown-McLaren Mfg Co

Bid

RANGE SINCE JAN.

.»

94c

Sale

82c

37c

42c

37c

524
1434

634
17X

534
1434

17

16

1
14

16

12 He

124

234

234

Highest

Lowest

Highest

Sale Prices

Sale Pr\c*s

Sale Prices

234

90c
Sale

6
1724
18
Sale

IX

2

88c
May 11
37c May
3
524 May 26

41c

16
May 26
1
May 18
1524 May 13
134 May 19

1924
134
1634
234

94c

May 11
May
4
634 May
5
May 11
May 12
May 11
May
4

135
125

5

10

Consumers Steel Prod

11

1

48 24
14

Sale
Sale

1

Continental Motors

com

200 Delsel Wemmer Glib

3,435
3,750
1,505

com..

Detroit & Cleyel NaT

Detroit Mich Stove

Detroit

"124 Sale'
3X
"

324

3934 Sale
1334 Sale
1
134
87c
134
2X
524

134 Sale

93$

1

124
224

1

Paper Products

13

Sale

2 24

3824 May 31
13
May 31
70c May 27
1
May
5
224 May 25

5,200
1,203

5,225
300

24,455 Frankenmuth Brewing com.l
5,915 Fruehauf Trailer Co com_._l

300 Federal Screw Works

12

10

1,875

33,485 Gar Wood Industries com...3
697 Gemmer Mfg Co class A.....*
205

1,525
11,143
4,457

10,156
69,467
45,946
45,906
4,820
4,845

!'12L
700f*
345

""•472

"4",789

240

Class B

Sale
Sale
3
17

Goebel Brewing Co

Graham-Paige Motor
Grand Valley Brew

1

com

1

com.

common. 1

H all Lamp com

.._....*

7,565

1,724
4,325
2,670
2,750
2,966

29,943
30,994
41,159
14,587
15,566
2,800

500

2,665

21,680
1,493
53,211
10,950
1,695
4,668
1,990
8,530
9,410
53,713

135

15,175
500
320
480

"""415
625

4,028

Class B

Hudson Motor Car
»
Hurd Lock & Mfg Co com..l

Kingston Products Corp....!
Klnsel Drug Co com
Sresge (8 8) Co com

Lakey Fdy & Mach

1

lb

common. I

Masco Screw Products
...1
McAleer Mfg Co com........*

McClanahan Oil Co

1

com

McClanahan Refineries
Mich Steel Tube Prod

Wheel

5

com

41,346 Murray Corp common..
.10
630 Muskegon Piston Rg com 2.50

Rao Motor
com............5
Rlckel (H W) 5c Co
common.2
River Raisin Paper com
•

200

9,628
12,655
12,056
2,275
52,276
2,106

45

513

3,585
1,930
1,400

1,910
1,065
335

3,315

796
50

3,395
1,370
550

"525
990

Parker Rust Proof

com„

2.50

Parker Wolverine Co com...*
Peninsular Metal Products. 1
Pfeiffer Brewing Co

com

•

Prudential Investing Corp.i

Scotten Dillon

com

5%

cum part

Preferred

...........100
43,684 Tivoli Brewing Co common.I
4,232 Union Investment Co
United Shirt

Distributors..*

100 U S Radiator com....

3,870 Universal Cooler
Class B
24,643

class

255 Universal Products
FVr footnotes see page 61.




Sale

75c

124
524

224

134 Sale
8434 Sale
124
124
134 Sale
„

10

224

Sale

3

Sale

1

Sale

7
5
51c

15* ...%

6

*

Sa^
134

Sale

Sale

55c

Sale

17

Sale

IX

1934
IX
124
IX
3X
)4 Sale

824
734

134 Sale

2)4
18

65c

234 Sale
934
7X
7%
13
1634

Sale

Sale

3

29

60c

1734
1

234
19
Sale

"

a

VA

Sale

134
8434
134
124

May
May
May
May
134 May
10
May

9
31
10
27
26
31

434

424

124 May
7
May 10
IX May
3
224 May 10
2 34 May
2
1034 May
7

89

1234
2
234
2734 Sale
2343
75c
87c
53c
3

6
5
38c

7 34
1534
834
634
45c

124 Sale
40c
zl7

46c
Sale

124
18
85c

534 May
May
124 May
45c
May
17
May
124 May

26
27
3
25
2
26

24
17
17
19
31
10

40c

75c
75c

70c

50c

75c

5
51c

87c

1

75c

334
224

Sale

70c

434
334
134
Sale

5

57c

May
May
May
May
May
May

334 May
2
1
May
4
75c
May 31

1

May
67c
May
44c
May
73c
May
524 May
60c
May

2
17
3
20
24
13

334 May
2
134 May 11
1
May
2

4H

4X
32

1424
9X Sale
Sale

2

3X
334
354 Sale

3334

35

12
6
2

634
124

234

434
634

434
734

"434

334

334

334
3434
15
634
134
624
124

34
12

7
Sale

734
134

134
2
334 Sale
224 Sale
25

"2)4 Sale"

334

26

1434
634
624
134 Sale
634
7
124 Sale

134
3
2 34

23

2 24
334
2 34

2434

16

234
2034

15

2034

92

24

96

92

97

9

10
109

Sale
7iM
Sale

3)4
4

224

"324
434
434

234

224

May 25
934 May
5

May
May
May
May
May
May
May

3
May
234 May
24
May
234 May
16
May
96
May

25
24
26
7
31
20

31

3
10
10
27
4

12

4

3634
1634
624
2

734
124

May
May
May
May
May
May
May

4
11
16
23
2
17

5

334 May
224 May
25
May
2 24 May
16
May
96
May 12

824 May 23
924
103
May 26 103
3
3
334
May 25
334
334
4 '
334 May 26
4
224 Sale
224 May
6
334

May
7
May 26
May
4
May
3
May 11

A...I*

I*

*

*

10

17

234-

224

124 Sale
8

224 May 27
124 May 31

May
4
May 11

17
2

16

5

434 Jan.

29
29
14
28
31

28

Mar. 30

5
Mar. 26

634 Mar. 30
15

Feb.

2234 Mar.
6

Jan. 10
Mar. 26
Mar. 18
Jan. 15

10

124 Apr. 23
1034 Jan. 13

34 Jan.
2

12

1434 May 19
1034 Jan. 12
424 Jan. 12

Mar.

75c

11
11
13

15

534 Mar.

434 Mar.
Apr.
May
May
Mar.
May

Jan.

15

Mar.

1134
234
2524
234

Jan.

2

334 Jan.
324 Jan.

Mar.

1

Mar.
9
Jan. 17
27

17

7

Mar. 30

534 Mar. 30
Apr.
4
124 Mar. 29

734 Jan.
30

11
Mar. 21

1234 Feb. 25
Jan.

38

11

Jan.

15

324 Jan.
134 Jan.
70c

Feb.

11

10
16

324 Jan.

11

1234 Jan.

13

17

12

Jan.

2234 Mar. 7
1134 Jan. 13
924 Jan. 13

37c

Jan.

Jan.

15

Mar. 31

Jan.

10
10

1534 Mar. 30
134 Mar. 31

Jan.

12

Jan.

12

40c

Mar. 19
Mar. 31

May 31
Mar. 29

1934 Jan.
6
124 Jan. 10
1 34 Jan. 17
55c
Apr. 18
134 Jan. 11
734 Feb. 14
54 Jan.
2

334 Mar. 29
224 Mar. 25

434 Feb. 26

1

2

81c
60c
25c

69c
5

40c

Mar. 26
Mar. 31
Mar. 28

Mar.
75c
Mar.
11
Mar.
1234 Jan.
•

26

31

5

Feb.
Jan.

124
1834
1324
734

Jan.
Jan.
Jan.
Jan.

8

524 May
934 May

l

com

9
6

Feb.

Apr. 11

434 Mar. 29

7
8

5)4

634 Mar. 25
62 24 Jan.

108

134 Mar.
124 May
124 Mar.
10
May
1524 Mar.
12
Apr.
224 Mar.

17

32c

334
334
334 Sale
1
134

624 May 10
May
3
124 May
2
55c
May
2
1834 May 11
234 May 11
53c

1834
Sale

50c

.....

3.

"7""'May"27 "7 XMay" 9

69c

9

3X

6

734 May 10
1534 May 27

27c

Sale

534 May

5

1234 Mar. 18
8
124 Jan.

Mar.

234 Mar.
3
Apr.

724 May 19
1534 May 27

90c *

10

1134 Mar.
134 Mar.
77

124 May
3
May 26

1134 May 14
224 May 16
3224 May
9
3
May
2
1
May
2
65c
May 11
234 May 11

1

Mar.

1534 Jan.

Mar. 28

23

May
May
May
May
May
May

13

Apr.

1524
134
IX
424

7

14
28
27
28
24
19
May
2

90c

324

16

434 May 25
1134
234
27
234
87c
53c
2 34

44c

734

Mar. 31

12

634
12

724

May 31
70c
May 27
1
May
5
224 May 25

1434 May 19
734 May
4

29

.....

50c
2

124 May 21
634 May 28

67c

9X

4X
IX

134
7

70c
5

6

2

124
6

12
May 27
734 May 25

42c

5

30

Sale
Sale

85c
67c
27c

9)4
5

1234
734
234

20

1324

Sale

7
2 X

com..*

7,020

9)4
12
16 X

pref...... 100

6,370 Tlmken Axle com.........is
250

X

..is

Standard Tube Co class B...1
Stearns (Frederick) com
•

5
20

"8~" "10$

Micromatlc Hone Corp_....l
Mid-West Abraslre com...50c

350 Motor

Sale

n34

•

Packard Motor Co com.....*
Parka Davis Ac Co

345

IX

224
Sale
8X

134

Sale

...10

42,811
23,416
1,409
7,383
37,091
13,902
8,203

422

3

8

7

3|*

1

2.50

Michigan Sugar com
Preferred

Sale

314
4
2924 Sale

10 X

Moore (Tom) Distillery Co..]
770 Motor Products Corp com
*

"

100

5X

26*

*

364 Mahon (R C) class A pref...*

2,005
2,535

424
IX

8

100 Houdaille-Hershey class A.

"""265

3,758

—-

IX

224
734

2,670 Hoskins Mfg Co common_2.50

13

734
234

Sale

2)4

10

Home Dairy class A
Hoover Steel Ball com..

3 X Jan.

11

13

3

4
8

»

General Finance Corp com.l
General Motors com
10

15

Jan.

134 May 12
2034 Jan. 11

Mar. 31
Mar.

36

1334 May
2
1
May
3
1
May
5
224 May 25

9

IX
IX
8634
IX
IX
234 Sale
234 Sale
ioh
nx

9)4

_*

com

26

634 Mar. 25
46 X May

600 Eaton Mfg Co common......4

1,040 Eureka Vacuum Cleaner....*
11,281 Ex-Cell-O Corporation
...3
7,226 (federal Mogul common
*
3,459 Federal Motor Truck com ...*

19
15
15
10

13

63c

9

10

common.

3824 Sale

12

10

com..

Detroit Edison com......lto
Detroit Gray Iron Fdy
1

Detroit Steel Corp com.....5
100 Detroit Steel Products
*

"'"155

124

134 Jan.
24 Jan.
934 Jan.
2134 Jan.

724 Apr.

*

Chrysler Corp common
Consolidated Paper com

10,965
4,003
11,815
26,503
26,240
3,851

301
300

3
3
424 Mar. 31
1224 Mar. 31
1334 Mar. 31
1
May 18
1524 Apr. 22

*

727 Crowley, Milner Ac Co com..*
688 Cunningham
Drug Sts..2,50

1,050

% Jan.
37c
May

Strip Co common.........5

52,053
6,819
3,660
1,065

1

Lowest

Ask

Chamberlin Metal Weather

11,284
1,335
1,330

2,556,945

Sale Prices

May 31

Ask Bid

1

Burroughs Adding Macb

Burry Biscuit Corp
100 Capital City Products
100 Casco Products Corp

200

1937

1,345,417

Jan. 3

STOCKS

10,915
25,667
32,451
1,965
24,791
1,300
10,002
23,264

Stock Sales

.

PRICES IN MAY

Shares

2,725
2,551

„

Price

Since

May

■

DETROIT

STOCK EXCHANGE
In

I

234,742 I Jan. 1 to May 31_

155,851

10

Jan.

31
27

Mar. 30

334 Mar. 31
3134 Mar. 30
1434
634
134
424
124

21
11

6

25
13
17
28

Mar. 30

534 Jan. 11
3734 Feb. 25
2034 Jan. 11

Apr.

12

1

May 31
Mar. 31
May 31

134 Mar. 31
22s Mar. 31
Mar. 30

Jan.

20

334 Jan. 11
734 Mar. 3
224 Jan. 15

224 Jan.

12

10

5

1
4

4

Jan.

22

Jan.

13

96

May 12

834 Mar. 30

14

22

Jan.

124 Apr.
May

16
90

103
3

334
234
334
224
134
1034

Jan

4

11

Jan.

454 Jan.
27
Feb.

2

8

10
14

Jan. 12
Mar. 25 107
Jan. 20
Mar. 30
434 Mar. 1

May 26
Apr.
1

634 Jan.

5

Jan.

11

Feb.

334 Feb.
524 Jan.

1
17

334 Jan.

12

1034 Apr.

4

1

May 27
Mar. 24
Apr.
4

5

STOCK EXCHANGE

Price

Jan. 3

In

Since

May

Jan. 1

Shares

Shares

STOCKS

»

2

2,100
300

20

Lowest

Highest

Sale Prices

Sale Price*

3% Sale

'~VXMay'li
75c

May
2
1A May
3
25c
May
6
3% May 31

"2%

May 20
May 10
IX May
3
29c
May
2
4% May 13
83c

60

25%

Unlisted Dept.—

430

160 Borg Warner Corp com..

851

7,939

250

5

1% Sale

1% Sale

Commonw Ac Southern Corp *

11,120 Hupp Motor Car Corp

8

280

X:

15,144

604

27 A

Sale

*

NY Central RR.

7A

Sale

10

5

9,918

400

1,290

Sale

Sale

•

Kroger Groc & Bak Co

Naah-Kelvlnator Corp
500 National Dairy Products

1,413

1%

1

605 Kennecott Copper Corp

330

6% Sale
*13% Sale
10 A Sale

Sale

*

17% Sale

100

604 Purity Bakeries Corp

255
556
*

ISA May 26

730 Consolidated Oil Co...._...*
205 General Foods Corp
*

430
205

155

100

405 Amer Tel At Tel Co

60

13
May
9
9% May 27
127 X May 17 130% May 18

Radiator.........*

American

3,640

76

2,199 Socony-Vacuum Corp
3,224 Standard Brands Inc

No par value.

a

25
6 A

*

Deferred delivery sales.

r Sold

for cash.

x

Jan.'13
1% Apr.
8

20

2%

J*
24c

60

!I*

Highest
Sale Prices

22
Sale

Sale
1%
2
29c
Sale
IX
5 ,

%

100

Preferred.

Ask

75c

2

Young (L A) Spring Ac Wire.»

547

XV-,

2

Sale

Sale

31,072
4
5,412 Wayne Screw Prod com
14,600 W dveilne Brewing C<» com..1
2
2,340 Wolverine Tube Co com

250

18

20

17

„•

,

Lowest

Sale Prices

May 31

Ask Bid
18
22
2%

Bid

Ask

Warner Aircraft Corp com..l

2,025
V

Class B

7,099

May 2

1938
Bid

172 Walker At Co class A

"""700

-

1

JAN.

RANGE SINCE

PRICES IN MAY

DETROIT

SALES

AQGREQATE

61

STOCK EXCHANGE

DETROIT

June, 1938]

Sale

1A May
8
May
25 A May
A May
26% May
13% May

28
25
16
12
27
28

May
May
May
May
12
May
6% May

31
31
27
26
27
31

6%
xl3%
10%
8A

20% May 18

% May
34% May
14
May

9
7
21
4
14
18

8A
13%
14%
10%
14 %
7%

10
23
10
10
7
11

1% May
9 A May
27

May

May
May
May
May
May
May

65c

Mar. 30

1%
%
3%
80%
13 A

Apr.
9
Jan. 17
May 31
Apr.
2
Jan.
4

Jan.

13

2% Jan.
1% Jan.

17
18

20

14
Jan.
6
Jan. 13
Apr.
2
Jan.
6

3% Jan.

%
6%
80%
17%

9% Mar. 30 13% Jan.
Jan.
126% Apr.
8 149
18% May 26 24% Jan.

12

Jan.

14

1

Mar. 26

8

May
May
May
May
May

25%
%
26%
13%

25
16
12
27
28

6% Apr.
1
13% Apr. 26
Mar. 29

10

8% May 26
10% Mar. 29
6% Mar. 30

2

12

5

9% Feb
May
1% Jan.
42% Jan.
15% Mar.
27

12%
13%
19%
10%
16%
9%

15
21
10
10
4

Jan.
May
Jan.
May
Jan.
Jan.

10
23
10
10
11

12

Ex-dividend.

RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE
Stock Sales

Shares.

Jan. 1 to May 31

AQQBEGATE

SALES

May

BONDS

1938
Bid

152,000

6

Elec At Peoples tr ctfs 4s_l«4*

3.000 Lehigh Valley 4a_—

RANGE SINCE

8

Ask Bid

Bid

Ask

6% Sale

6% Sale

Lowest

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

6

64

1948

Peoples Pass tr ctfs 4s

STOCKS

Shares

664

6,612
18,365

2,140

•

"""166

533

2,308
5,343
10,502

592
671

20

185

4,551

2,763

24,010

May
4
May 26

7
72

May 21
May 23

Amerlcnn

18%

1943

*

-100

Bankers Sec Corp pref
50
Barber Co
———.10

Budd

9%

15"" "15%

*

3% Sale
47% Sale

Corp.———5

7

8%

6

8

125% Sale
15

115% 118
4% Sale

Wheel Co

Chrysler

8
8%
144% Sale

pref—100
MfgCo—
•
———100

oell Tell Co of Pa

Sudd (E G)
Preferred

8

25

9% Apr.

13

15

25

15%
16
115% 117
Sale

4

7

128% Sale

8% May 10
6% May 26
2 132% May 10
125% May

25

13%
14
116% Sale
3% Sale

17% May 10
14% May 26
115% May
2 117% May 16
3% May 25
4% May 11

6,339
39,251

Electric Storage Battery.—*
General Motors
—.10

47

255

Horn AcHardart (Phlla) com *
Horn At Hardart (N Y) com..'

102

"""246

2,246
2,423

Lehigh Coal At Navigation..*

4

780
245

651
966

2,025
5,078

7,887
7,397

62,951
54,117
528

1,200
2,750
13,337

422

1,444

680

140
50
547

•

2,091

2,138
3,679
2,747
255

37,620
320

:

157,505
2,370
422

600

Mitten Bank Sec Corp

Preferred

25

........25

NatT Power At Light
Penn road Corp

•

*
Pennsylvania RR
...50
Penna Salt Manufactur'g-50
Penn Traffic

26% Sale
29% Sale

23%
Sale

......—50

Lehigh Valley

v t c

com....

2%

Phila Elec of Pa |5 pref
Phila Elec Pow pref

*

25

Phila Insulated Wire..—..*
Phila Rapid Transit...

50
7% preferred
.....50
Philadelphia Traction.....50

Reo Motor Car Co

4

Sale

3% Sale
Sale

39

3% May 31
38% May 31

racony-Palmyra

1%
1% Sale
7% Sale

125

904

5,562
9,263
14,734
3,111
116,975
4,048
1,721
2,038

770

17,060
612
50
117

*

No na*.

x

Union Traction




6%

124

2
3%
115X4 Sale
29 % Sale

18%
2

21

2%

Sale

30

Sale

Sale

3% Sale
7
5%

Sale

19%
2

2%
4%

24% May 26
27% May 26

6% May 31

1% Sale
14% Sale

1% May
3
14% May 31

2%
115

30%
16%
1%

2%

2

6

6

20% Sale
38%
40%

29

29

31

%
%

—.1
J

4

1

24
13

H
Jan.

26% May
9
32% May 10

8% May 12
2

May 10
17% May 10

31%

3
Sale

■1

2%

Sale

Sale

105% 106%
10%
9
10%

iA
Sale

2% Sale
2%
2%
25% Sale
9% Sale
103
103%
10

.....

Includes 647.269 rights.

%

8%

9%

Mar.

14*1

Mar. 31
Mar. 31

Apr.

6

2% Mar. 16

2%
116

6%
8%
9%
6%
3%
5%
3%
7%
1 %
1 %

May
4 115% May
2
May 23
29% May
5 31
17% May 11
17% May 11
2
2
May 16
May 16
2% May
5
3% May 16
7
May 24
4% May
5

113

20% May
39% May

27% May 10
41
May
9

At
%
%
%
2%
2%
25%
9%
103%
8
9

May
May
May
May
May
May
May
May
May
May
May

At May
May
May
May
May
3% May
32% May
11% May
106% I ay
9% May
10% May

Yt

12
18
18
9
24
7
12
11
26
21
16

Mar.
Feb.
Jan.
Jan.
Feb.
Jan
Jan.
Jan.
.

100% Jan. 11 108% Mar. 12
21% Feb.
1 24% Mar. 10
3
4% Feb. 28
May 31
3
Mar. 30
6% Feb. 25
1% Jan. 12
% Jan.
5
1% Jan.
8
1% Jan.
3
8% Jan. 12
4% Mar. 29

123

125

18
6
18
23
21
17
2
12
15
12
Mar. 7
Feb.
3

9 % Jan

4% Mar.
21 % Mar.
25% Mar.

31

At

1

United Gas Impt com...
Preferred
Coal

24%

Sale

6% Sale

119

A*

115

17%

Sale

a

6%

Sale

50

Westmoreland, Inc

Jan.

Mar. 23

Jan.
Jan.

2% Mar.
36

May
9 101% May
9
101% 103% 101
101% 102
22% 24
22%
23%
""3
"May 31 "3% May" 11
3
Sale
3%
3%
4% May 10
3% May 31
4
3 % Sale
4%

145

United Corp common...
Preferred....

Ex-dividend.

27%

Sale

21
128

.......

Westmoreland

23%

Sale

Sale

Transit Invest Corp....

1,118
2,366
2,739

Tonopah Mining..
Preferred

Sale

29

37% Sale
Bridge

Tonopah-Belmont Devel

2,055

25%

2% Sale

13

Scott Paper.....

5,800
12,256

7
72

24 101
26 20

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.

3% May
46% May

......

Salt Dome OH Corp..—,

6%
111%
15
12%
114%
3%
42

3
39

Curtis Pub Co common—*

3,414

Jan.

Par

Stores

American Tel Ac Tel

5A Apr.
4
May 26

64

101

820

"""905

1

JAN.

Sale Prices

May 31

May 2
Ask

Pennsylvania 4%s. ...... 1965

Shares

$46,700
293,200

Price

$

23,000
2,000

May 31

1937

Jan. 3

Jan. 1

-

*

Jan. 1 to

PRICES IN MAY

PHILADELPHIA
STOCK EXCHANGE

Since

In

1938

May

222,928
<z2,759,027

188,823
1,124,446

$25,000
170,000

Bond Sales

1937

1938

;

May

112

Feb.

11

29% Apr. 23
17
■ May 11
1

Apr. 26

2

Mar. 30

4% Apr. 27
1% Apr.
1

10% Jan.
35% Mar.
26% Mar.
At JaM
% May
% Mar.
A Apr.
1% Jan.
1 % Mar.
22% Mar.
8% Mar.
99% Mar.

2%
30%
44%
2%
.16%

32%
19%

2%
4%
7%
2%

Jan.
Jan.
Mar.
Feb.
Mar.
Feb.
Feb.
Jan.
Jan.
Jan.
Feb.

10
20
2
15
8
17
17
12

12
13

8

27 A May 10
42 % Jan. 24

29% Jan. 11
% Feb. 15
1% Jan. 21
1

2%
3%
3%
32%
11%
L06%
10%
10%

Mar. 16

Mar.
Mar.
Jan.
May
Jan.
May
Jan.
May

29
19
6

12
5
26
21
16

RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE
Stock Sales

1938

May
Jan. 1 to

AQQREQATE
In

468,840
___1,641,551

May 31___
SALE

SAN FRANCISCO
STOCK EXCHANGE

T666

BONDS

1938

1,000

Atlas Diesel Eng Co 6%..1945
Calif Packing Corp 5%..1940

Calif Water Serf 4%

1961

Coast Co G & E Co 4%..1965

Langendorf Unt Bak 6%s '41
Market Street Ry 7s
South Pacific Co 4% %

89
105 %

.....

101

98% 102
105
99

103%

Bid

May 31.

$2,500
110,000

RANQE SINCE JAN.

60

115

63 %

Lowest

May 31

Ask Bid

Ask

1

84

90

Highest

Sale Prices
78
May 12

ioi %
101%
103 % 102
100
103% 100

May

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

82

5 102

May 12

78
102

May 12 82
May 12
Apr. 29 103% Mar. 15

May

101
107

Jan.

5

100

101%
37

41

119

7 102
Mar. 21
Feb. 17 108% Mar. 12
Mar. 26 101% Mar. 26
Apr. 27 82
Apr. 27

101

89

100

1969
1942

.

May 2
Ask

..1940

Union Oil Co of Calif 6%

Jan. 1 to

1937

$9,500
31,000

3

Bid

2,000
2,000
7,000
2,000
1,000
1,000
2,000
1,000

1938

PRICES IN MAY
Jan.

Jan. 1

$
2.000

•

'

May

359,097
3,486,918

Price

Since

May

Bond Sales—

1937

Shares

82
34

115

39

Feb. 17
57% Feb. 17
May 16 116% May 16

57

1192* 116% May 16 116% May 16

116

UNLISTED BONDS

1,500

Crown Willamette Paper—
1st mtge 6%
1951

102% Feb.

Miller & Lux—

2,000
3,500

Shares.
891

Ctf of dep 1st mtge 6% 1945
5,000
Ctf of deposit 7% notes '35
3,500
3,000 So Calif Gas Co 4% % ser 1961

Juneau Gold M cap.10
Anglo-Amer Mining Corp Ltd

13,034
Common
1
10,666 Anglo-Cadf Nat'l Bank
30
17,869 Assoc Ins Fund Inc com caplO
15,975 Atlas Imp Diesel Eng Co
5

3.944

6,445
55

520 Bank of Calif Nat asso caplOO
100 Beech Aircraft Corp com
1

~1~,425

4,143 Bishop Oil Co

I,716

...........5

10.697 Byron Jackson com cap
*
5.532 Calamba Sugar Estate com 20

707
250

*

1,370

Preferred

20

735 Calaveras Cement Co
30

*

com

40
7% preferred
100
545 Calif Art Tile Corp class A__*
120
Class B
*
650 Calif Cotton Mills cap
100

10
50
650

2,100

650
30

120

1,000

17,182
II,560
4,497

72,687
44,293
14,652
1,857
1,288

444

185
400

Preferred

stock

1,225

5,707
67,457

750

7,205

597

2,402
420
460
40

40

180

734

4,131
2,218
22

726

1,005
2,523

6,005
22,104
4,844
6,245
25,661
1,100

445

830
4,681

1,100
145

Consol Aircraft

Corp

2,705
2,295

130
40

Chemical

1

common

Preferred

*

Gladding McBean Co com..*
Golden State Ltd cap
Hale Bros

___•

Stores, lnc, cap..*

Hancock Oil

•

Hawaiian Pineapple Co (new)
Holly Develop Co common.. 1

cap new'

11,955

*

506
13,571

Preferred.

410

Class A

com

*

.......10
cap. 15

54

11%

1.50

6%

2.00

8%

1.15
6

38%

25

32

19 102% Apr.

1

117% Jan. 26 119% May 12
117% May 11 117% May if
Feb.
107% Feb. 10 108

899 l.lbby McNeill Ac Llbby

106

15%
28

2oi*
6^

30
Sale

375
Sale
Sale

4
23

4%
24%
4%

4

16

19

10%
28%

slie*
4!* 4§*
34
69

40
Sale

29% Sale
2%
17%

it*

22

25%

6

7%
31% Sale
7*
J%
23% 29%
7
7%
3% Sale
r2%
11%
24%
26
21% 22%

16%

23%

Sale

9%
67

Sale
Sale

4%
21% Sale

it*
10%
30%

11,955 Lock Heed Aircr Corp com..I
1,311 Lyons-Magnus Inc A
*
B.

*

Ltd

4

18%
10%
31%
Sale

33

May 13
11% May 25
1.50 May
3
7% May
7
36c
May 14

Sale

1.80 Sale
1.85 Sale

38%

Sale

34
30
May 10 30
May 25 105 %
103% 104
13%
14%
16% May
6
17%

21%

3%
280

3%

23°M
15

4

23%
20

16%
9%
30%
7%

May
May
May
May
32
May
34
May
72% May
23% May
1.65 May
14
May

Sale

Sale

32 '

8>

24%

1.60
14

22

25%

19%

7%

1

2

1.00

2.10
7

2.75

10%
18%

1.00
2.20
8

33

15

16

16%
6%
8%

17%

7%
Sale
5%
1.00
Sale

1.25
3

1.75 Feb.

5% Mar.

2

12%

Jan.

11

38c

Jan.

12

31% Mar.
15% Mar.
45% Apr.

36% Jan.

26

87

May

24

Jan.

12

50

Jan.

Mar.

97

Jan.

11
27

15c
Apr.
Mar.
99% Mar.

30c

Jan.

8

105

30

52% Jan. 20
May
6

1.65 Jan.

2.35 Jan.
2.35 Jan.

1.65 Mar.

37% Mar.
6% Mar.
30

Mar.

32

101

Jan.

19

33

Jan.

25

% Apr. 25
4% Jan. 19

Mar.

320
12

7% Mar.
Mar.

Jan.
Jan.

Mar.

73

Jan.

5
12

Mar.

28

Jan.

Mar.

5

Jan.

11
11
13
20

19

Feb.

9

18%
3%
15%
9%
26%
6%
32

.

Jan.

Mar.
Mar.

May

'

10

18

22% May
25c
May
3% Mar.

3

Jan.

106% Feb. 15

Apr.
16% Apr.

56

20
20

62% Jan. 15
8% May 21

14% Jan, 12
34% Jan. 11
10% Feb. 24

Mar.
Mar.

Mar.

33

Jan.

Apr.

it*

Jan.

May 10

19

Apr.

8% May
6
32% May 10
8
May
9

6

8%
3%
12%
29%
25%

May
May
May
May

27
27
11

18
May 31
May 26

2.35 May 13

8% May 13
May
2

May
3
4% May
2
35% May 24
33
May
2
17
May 26
7
May
5
8% May
2

5%
37

65c

1.25 May

20c

xh*

6

1.00 May 25

11%

1.00

10

Apr.
1
11% May 25

24

Mar.

5

Mar. 26

75c

May
6
May 18
May
4
May 11
May
6
May 24

8% Apr.

35 % May 25

17% May

9

38

Mar. 24

28

6%
2%
11%
25%
20%

May
Apr.
Apr.
Mar.
Apr.
May

67c

27
29

7
31
1
26

32% Apr.
2
13% Mar. 30
22
Apr. 27

1.00 May 25
2.35 May 13

8% May 13
14% May 11
*18
May
3
6
May 26
39
May 10
34
May 12
18% May 12
7% May 10
10% May 16

Feb.

2

88c

May

4

2

Mar. 26

8

Apr.
Apr.
Apr.
Apr.
May
Apr.

12

13%
3%
35%
32%
13
6

12
29
22
12
24
25

Mar. 31
Mar. 29

5% Mar. 30
5

Jan.

13

% Apr. 12

-

62c

May

3

65c

May 10

Mar.

10

3<)
26

25% Apr. 18

25% Mar. 31
6% Mar. 29

8

16%
17%
5%
6%
9% Sale
5
5%
42c
50c

Jan.

50

Jan.

17

36

Sale

5

16% May
5
11% May 11
May 12
May
2
33
May
2
34% May 24
75% May 26
27
May 10
1.65 May 27
14
May
6
32
8

14

31
6

i?«

23

18

Sale

4% Sale

8

Jan.
Jan.

20% Jan.

Mar.

19% Mar.
3% Mar.
45
May

10
27

20

33

17

4
17

5% Mar. 10

Feb.

12

35

26c
63c

11
10
12
17

Jan.
Jan.

190

Jan.

14

34%

Mar.
Jan.

3% Mar.
13% Mar.

Jan.

13

17%
5%
35%

171

76

34% May
9
16
May 16

1.40

14

Apr. 25
May 17

25

17

Sale
'

71

21%
5%

5

Jan.

10*

36

35%

15

19

Mar.

67c

15

Mar.

2% Jan.
4% Mar.

62

70c

35

12

Mar.

7% May 26

Sale

22
6%

4

33

67c

36%

6%

5
31
20
7
31
18
3
28
27

20% May 20

22

6%
8%
27% Sale
6%
25
27%
7
6%
3% Sale

,17%

Jan.

6%
3%
11%
27%
20%

23%

2.50

17%

2

45c

26% May 27
6% May 26

75%

17%
5%

May 26
May 25
May
4
May
2

4

1.60
14

13% Feb.

May

9

310

66

31*
32*

20%

May
9
May 11
4% May 11

47c

325

72%

29
7%
9
25%
29%
7%
8%
3%
3%
11%
13
28%
30
23%
23%
75c
Sale

10% May
May
4% May
24
May

16
12
20
14
11
6
26
25
9
21
10
3
7

24

8%
63%
3%
20%

4

8% Sale
64

May
May
May
May
May
May
May
May
May
May
May
May
May

22% May
4
25c
May
4
4
May 23

22%

71%
22%

8%

2.00

46%
8%

28

75

7%
28%

2.00

7
7

102

36

16

t Removed from listing Feb. 4,1937

1.75 May
1.75 May

38% May
2
8
May 13

39%

33%

34

7%
8%
9% Sale
5
6
*
% Sale

W*

36%

17%
28%

o

(capttal)2%

49

50
92

34

36%

3%
19%

4%
300

280

16
21

2%
15%

if*

Sale

3%

33%

*

*

26
25
12
5
26

Mar. 30

23c

2

May 11
May 10
May 11
May
9

38%

48%

30%

105

Preferred
.....

7%
24c

37%

...

May
11% May
1.25 May
7% May
20c
May

19
May
2
21%
47% May
6 50
85
90
90%
90% May 24 92
16c
18c
27c
29c
18c
30c
May
4
38%
39%
36% 37% 37% May 27 45
104
106
103% 104
103% May
3 105

16

Co capital
•
16.255 Le Tourneau Inc common. 10

45

2.00

20c

Sale

19

46%

4

May 16
May 19
May
4
May 17
May
5

4

38c

30

stamped.........•

14,595 Magnavox Co

2.50
10

25c

10% May

if*

35

12

8alt

9% May 27
23c

40c
May
7
12
12%
12% May 19
12%
3%
3%
3% May 25
4%
7
10
8%
6% May
6
180
187% 179
May
2 185
1%
5
3%
4% May 18
4%
16
15% May 3 16%
18
17%
May
5
18%
20
19% 20
May 19 20%

15

cl A *

Class B

3,010 Leslie

No par value,




Packing

400 Hutchinson Sug Plant

150

1,730

Hunt Bros.

10%
40c

4%
48%

37c

»

Preferred (new)
Giorgio Fruit Corp com. 10
Preferred
.....100

4,843 Langendorf United Bak
V

20

9%
28c

10%

com

140 Honolulu Plantation cap...*
610 Hudson Motors Car Co
♦

3,579

117% May 11 117% May 11

40

2%

1
Industries

13,856 HonoluluOilCrpLtd

130

19

2

Claude Neon Blec Prod.....*

Home Fire A Marine Insur
Co of Calif capital.....10
665

1,849

295

19%

1.90

(capital) ......._*
General Metals Corp—
Common capitsl
4,882
_.2%
21,083 General Motors
...10
11,327 General Paint Corp com
*

390

410

15
17

1%
5%
15%

1.90
Sale
8

3,052 Fireman's Fund Insur cap 25
11,415 Food Machinery Corp com.10
2,345 Foster & Klelser com
2%
Class A preferred
170
__25
Galland Mercantile Laundry

165

Sale

1.80

....

953

179

7%

1.85

270 Ewa Plantation
20
430 Fireman's Fund Indem cap 10

90
382

6%

38%
6%

6,812
1,900
2,960 Doernbqcker Mfg Co..
2,084 Kl Dorado OH Works cap...*
13,077 Emporium Capwell cap
3,530
Preferred....
:
50
8,020 Emsco Derrick & Eq Co cap. 5

50
145

13%
Sale

4

J

com..

Dl

120

12

15%
19%

common....

90 Crocker First Nat Bk SFcaplOo
68.423 CrownZeilerb Corp com (new)

~~9~, 675

9%
30c

20

Preferred

Chrysler Corp

Inc class A partlc pref
II,110
87,262
Rights
4,561 Creameries of Amer (new)

700

9%
29c

1%
4%

5

100

Central Eureka Mg Co

Con sol

380
1,236

14%
14%
3%
21
6%
185" 195

Clorox Chemical A...
256 Coast Cos Gas&El 6%lstpfl00

56

9,884

11%
43c

18,408 Carson Hill Gold Mg capital. 1
15,642 Caterpillar Tractor cap

1,805

155

11
40c

150 California Water Serv preflOO

3,758

—

119% May 12 119% May 12

119%
117%

lfr

10,235 Callf-Engels Mining Co
1
I,172 California Ink Co lnc A
*
15,244 California Packing cap.....*
2,236
Preferred...........
50

~2~, 551

—

Pai

5,071 Alaska

206

118%
117%

STOCKS

Shares.

2,694

118
114

9

Jan.

9

15

11
Mar.
8
Jan.

9
Apr.
4% Jan.
13% Jan.
30
Apr.
29% Jan.
75c
May

9

10
14
9
22

24

36

Mar. 10

19

Jan.

10

28

Feb.

14

9% Jan.
6
1% Jan.
4
2.63 May 11
17

Jan.

10

14% May 11
18
May
5
6
May 26
39
May 10
21

39

Jan.

18%
8%
10%
5%
%

May 12
Jan. 26
Jan. 10
Mar. 17
Apr. 12

SAN

SALES

AGGREGATE

63

SAN FRANCISCO STOCK EXCHANGE

June, 1938]

RANGE SINCE JAN.

PRICES IN MAY

FRANCISCO

STOCK EXCHANGE

1

Price
'
-

Jan. 3

In

Since

May

Jan. 1

Shares

STOCKS

10 %

6,390 Magnln & Co (I) common...*

20

65

1,526

13,104

Preferred......

10

com

6

3,005 Meleir-Frank Co ..........10

200

2,775

1,845
5,072

19,738

28,483

20

1,620

1

capital........*

North Amer Inv
Common

I*

7X
8
1.25
1.50
5% Sale
8%
9%

Nat Auto Fibre* IncCom stkl
Natomas Co

8

ZV

390 Market St Ry Co prior pf.100
Preferred
100
10

485

58

1,944

9X
99 X

11X
10X
2X
8%

12X
11%
4%
9X

25c

1.10

4X
8%

Sale

9X

9%

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

8K

9
95
11
11

9% May 14
May 19
12% May 11
14% May 11

May
7
May 19
May 26
May
7

95

10

/

8

8%

70c

81c

4% Sale
9%
9%

8

8% May
4
May
4
5
May 12
10% May 24

May 21
May 6
4% May 31
9% May 11

90c

95c

26

26

12%
26

23c

20c

23c

11;
23 i
20c

12

8% Mar.
9% Feb.
4% Feb.
7% Mar.

95

5
29
11
14
30

10
3
Jan. 11
Mar. 16
Jan.
Feb.

13

Mar. 29

8

92% Apr.

14%
12%
4%
9%

Feb. 14
10

Jan.

Mar. 26

1.55 Jan.

13

3% Mar. 29
7% Mar. 31

7% Jan.
10% Jan.

15
20

3% Mar. 26
Mar. 29
Apr. 26

80c

5% Jan.

11

23

5

43

Feb.

6

17

40

Jan.

24
19

11% May 13
24% May 14
May 13

12% May
6
24% May 14
21c
May
9

23

5
May 26
18% May 13
5% May 26
4% May 13

6% May 11
19% May 19
6% May 11

5

May 26

15

Mar. 29

27

20

30c

27c

9%
99%
12%
10%

4

17

Sale

26

8%
93 *

17%
11%
23%

22

11

26

Ask

25

4X Sale
28 X

48
48

31

100
12,379 North Amer Oil Consol cap. 10
335 Occidental Insurance cap..10
12,044 Occidental Petrol Corp com_l

2,898

5%

5%

10 A

........

6% preferred
....
preferred

110

40

8

Lowest

Sale Prices

May 31

Ask Bid

Corp—
...100

250
'

Bid
92 X

14 H

13%

210

Menasco Mfg Co common

12%
102

90

100

Marchant Cal Mach Co

Ask

Bid

Par

Shares

1,429

May 2

1938

4% May
19

4% May

2

21

May 27

20c

May

2

13% Feb. 23
28% Jan. 15
30c
Jan. 10

9% Mar. 31
20c

Mar. 31
Mar. 31

O'Connor Moffatt & Co—

480

2,658
50

45

165 Pacific Clay Products.......

2,090
8,984
5,915
1,651
2,044

7X
18
Sale
6M

4%

6%

1.45 Sale
27 % Sale

1,205 Pscific-Amer Fisheries, Inc.5
.._...*
5,063 Pacific Can Co

50

7%
19%
5% Sale
4%
7

6X
14X
5%
4X
7%

1.80 Sale

1.50

25

Sale

25%

Sale

15

640 PaauhauSugarPlantCo capl5

80

5

9%
17
5%
6
10%
12
9%
10
5 % Sale
4%
5%
9

Class AA common
*
1,910
1,860 Oliver United Filters Ine A..*
B
•
13,603

250

Inc, common...
10
59,537
8,984 Pacific Gas 8c Elec Co com.25
6% 1st preferred
......25
33,655
5H% 1st preferred...
25
8,384
14,993 Pacific Lighting Corp com..*
$6 dividend pref
*
2,399
*
22,961 Pac Pub Serv com non-rot
First preferred
•
16,363
3,070 Pac Tel Ac Tel Co common. 100

5

9

18

6X

Pacific Coast Aggregates,

419

6,678
3,968
280

825

160

6% preferred

w*
26

36
Sale

33 X
103

103

4% Sale
17 %

17
111
131

34

4

15
100

114
140
37

80

..100

com
*
Preferred .............100

90

Sale

35

IV*

11,464 Paraffine Cos, Inc.*

1,703

29%

26

92

§!*
Sale

tH

i
Sale

IV*
27
35
103
5

E*
97

136% Sale 136
36% 29
33%

1.80 May

83

90

80

58%

53

510
100

37%
1%

1,091 Puget Sound Pulp & Tim com
5,722 Ry Eq & Realty Co Ltd com.*
6% preferred (new)
..100
548
1
26,839 Rayonler Inc common
Cumulative preferred...25
16,755

531
100

4.384
4,555
1.385

21,214 Republic Petroleum Corp
450

29%

32

27% May 18
9
38% May
104% May 12
6
May
9
18
May
9
102
May
6
6
137% May
3
36% May

60

5,303

251
550

2,982

12

100

40

6% prior pref

ser

A

20

Sale
2

1.00

1.40

20%
115

110

100

101%
3%

4%

95

il
98

5

6

E*

m
5*
47

10
19

Sale
Sale

4X

4*

35

lbX
5%
IX

Sale

11%

1.10

1.75

15%

3%
5%
6

45%
43%
9
8%
18% Sale
4%
3%
32
36%
11
10%
5% Sale
75c

94

14%

1.75
4
5

5

45

29
95

85

19X

1,585 Schlesinger (B F) com (new).
Preferred (new)
25
1,040
3,890 Shell Union Oil Corp com..*
SH% cum conv pref
100
200

458

Sale
4%
32
13

5%
IX

100 San Joaq Lt Ac Pr prior pf.100
100

.

30

55

10

26

3%

Ryan Aeronautical Co—
Common capital
1
400
443 Safeway Stores Inc common. *

735
330

23

common....

Series A preferred

55
Sale

49

Com stock purch warrants.
Roos Bros Inc common.....!

30

200

"in "M

1
50

....

1.50
4

..1

Preferred

23,816 Rheems Mfg Co
53,532 Richfield Oil Co

4",486

39%
2%

11*

88

1.00

12%
112

31% May 24
2
May 23
5

May
May
May
17% May
4% May

44
8

5
20
26
23
10

10% May 12
5
May 26

115

6
May 18
May 10
4
10% May
20
May 11
4% May
4

46

11% May
6% May

May 20

13% May 20

1.75

1.35 May

4

1.35 May

4

May
May
May
May
May
May

12
20
19
10
6
3

28

Jan.

40

Jan.

105
6

Jan.

25% Mar.
32% Mar.
99

3%
13%
87%
131%
29%
91%

Mar.

Mar.
Mar.
Apr.
Apr.
Mar.
Mar.

Mar.

18

17
14

21
5
15
15
14
21
10

9

May

119% Jan. 24
6
137% May
Jan. 12
42
Feb.

2

Apr.

6

93

55
54% Apr. 27
31% May 24 •35
2%
1% Feb. 14
4
7
Apr.
4
5
Jan.
5
6%
44
56%
May 20
8
May 26 25
17% May 23 29%
5%
2% Mar. 29
30
Mar. 29
36%
9% Mar. 29
4% Mar. 29
1% Mar. 30
13

Mar. 29

U7%
li»

Mar. 12

28
12
25
Feb. 28
Feb. 24
Jan.
6
Jan.

Jan.

Feb.

Jan.

15
10

Apr.

23

Jan.

11
10

Jan.

90

Jan.

Mar. 30

18

Jan.

Mar. 10

1.45 Jan. io
1.05 Apr. 27
Feb. 15
20% Jan. 27
Mar.
8 119
May 12
102% Apr. 12 105% May 20
20

13%
117

2.05 Jan.

28% Jan.
30% Jan.

89

13

95

118

May
106
103
105% May
105% 103
1.75
75c
80c
1.00
1.40
May
4
4
May
3%
4
SH
12
11% May
11%
12%
98
May
100% 100
99
100%

110

31% May 24
2
May 23

1.75
16

6

Mar.

Philippine Long Distance
Tel Co capital
100
20
882 Phillips Petroleum Co cap.."
630 Pig'n Whistle Corp partic pf *

7

Mar.

27

90

53%
32%

23

28% May

25

Sale

6

Jan.
Jan.
Jan.

10

14

1.40 Jan.

2
6

29% May 11

1.60 May
May
28% May
Sale
26% May
37
35
May
105
103
May
Sale
4% May
16
15% May
Sale
97
May
137% 135% May
31
29% May

1.70

Sale

Jan.

10% Jan. 12
19% May 19
6% Jan. 18
12
Jan. 12

Mar. 26
May 13
Apr. 19
Mar. 29

6

4% May 13

V*

V<S

3%
4%
7%
4%

21 119
20 105%
19 80c
4
10

28

13

3 100

111

80c

Feb.

May 19
1%
4%
Apr. 11
Apr. 25
16%
92% Mar. 3 100

2

3

Jan.

17

10

Feb.

23
2

4.50 Apr. 27
18
May 26

Feb.

Sherwood Swan Co Ltd—

Class

706

9,085 Signal Oil At Gas Co class A.*
50,178 Soundview Pulp Co new....5
Preferred
100
1,292
1,953 Sou Cal Gas pfd 6% cum A.25
34,178 Sou Pacific Co com (cap'l).lOO
4,067 Sou Pac Golden Gate d A..*
Class B
•
4,690
180 Spring Vail eyCo Ltd capital *
38,489 Stand Oil Co of Calif capital *
7,067 Super Mold Corp of Cal cap.10

1,075
7,490
200
60

8,642
577

117
10

10,314
865

700

8,625

120

24.505

Texas Consol Oil Co

1

com

*
340 Thomas Alloc Corp class A
Tide Water Assoc OH Co com *

11,378

2,290

20
Sale

10

A

120
4%% preferred new
100
165,708 Transamerlca Corp capital.. *

23

5%
24%

15

16

80

75

28%

27H

4%

5
18

6

28 X

Sale

19%
13%
76
30
10%

50c

~

72

12%
73%
29%
10%

Sale

20c

50c

25c

50c

25c

50c

6%
26%

8
26%

Sale

19.

J .fc
29 X

Sale
13)4
14 X

85c

1.25

IX
14%
82%
10% Sale
%

13 X
75

6%
28%
16%
75c
75c

13%
77%
9%

77

28%

7%
Sale

18

18

85c

50c

1.50
Sale

80%
Sale

Sale

70c

1.00 Sale

11%
80

8%

11%

May 26
12% May
6
74% May 27
29
May 10
10
May 26
35c
May 14
25c
May 26
6% May 28
26% May 27
17
May 27
70c
May 24
75c
May 19

24%
15%
76
30%
14%

11% May 24

18

8% May 27

26

Apr. 18

30

23

Jan.

10

30
13

83

Feb.

25

9
4
19
25
11
2
26
28
9

11% Mar.
60
Mar.
28
Apr.
9% Mar.
35c
May
13c
May
6
Apr.
25% Mar.

6
5
31

13

Mar. 26

70c
75c

Mar.

13%

May
May
May
May
May
May
May
May
May
May
May
May
May

10

May

9

May
May
May
May
May
May
May
May
May

13
7
17
11
9
2
22
6
18

50c
25c

6%
30%
18
80c

1.00

6

81

Sale

J*

Mar.

29
14
17
4
31

3

30% Jan.
22% Jan.

15

Feb.

24

63

12

8
6% Feb. 14
33% Jan. 10
19% Mar. 2

38c

May

3

1.20 Jan.

10

May 19
10% Mar. 31
76% Feb J 17
8% Mar. 31

1% Jan.
15% Jan.

13

Jan.

26

12% Jan.

12

84

19

Tread well Yukon Corp Ltd—
Common

7,143
5,520
605

1,021
4,674
1,167
720
210
20

•

capital

55c

1

13,870
28,121 Union Oil Co of Calif cap..25
nlon Sugar Co common..25
9,542
'3,079 United Air Lines Trans v t c.5
.....10
42,488 Universal Cons Oil
8,433 Victor E uipment Co com..l
Conv cum pref
5
5,050
2,310 YYalaiua Agricultural Co..20
220 WellsFargoBk 8c UnTr cap 100
Western Pipe At Steel of Calif
common

19%
11%

6%
9%
3%
7%
270
16 X

................1#

Sale

Sale

60c

*70c

55c

17%
11%
6 %
9%

18%
14
Sale
10%

17%
12%
6%
9%

Sale

2.55

3

2.75

Sale

5%

7

60c
Sale

13%
7%
10%

31
27%
255% 270

16%

2,273

10,318

120

610

(Consolidated^ cl A

ser

I.AO

30

33

25

20

65

Class A series 2 com

cap..50

22

30

22

1,249 Yosemite Portl Cem Co pf--10

3

Sale

25
265

25%
270

6

25

260

81c
May
20
May
12%
May
9%
May
May 20 11%
3%
May
7%
May
May
30%
265
May

19

20%

16% May

22

25%
25%
3%

22

2

45c

Feb.

17%
9%
5%
6%
2%

Mar.

M ay

Mar.

13
eb. 24
21% Fe
7
22% Mar.
9% May 11

Jan.

11% Mar.

Mar.

4% Jan.
10% Jan.
41% Jan.

24

Jan.

26

22% Jan.

11

81c

Mar.

6

May
25
May
257% Apr.

285

22% May 18

14% Mar. 29

25

22

1

11
11

Yellow Checker Cab Co—

3X

2.75

28%
25%
3%

20

2.75

22

May 19
May 19

22

May 12
May 19

22

May 19
May 19

2% Apr. 27

8
24% Mar. 31
3% Jan.
6
32

Jan.

UNLISTED STOCKS

_____

""190
724

335
200
145

502

200
'

,

8~623
1,005

IX
25X

165 Amer-Hawaiian SS Co com. 10
1,342 Amer Rad Ac Stand San com.*

9,205

Amer Tel Ac Tel Co com

Amer Toll Bridge

5,330
3,425

*
*

400 Alleghany Corp commoh
340 Amer Car Ac Fdy Co com

100

17* -ll" 14*
9

x

1%
16

10%
10%
125% May
Sale

125%

Sale

8%
9%
128%

54c

Sale

46c

Sale
12

21% Sale
11% Sale
2.65
3%
3
2%
6%
6%

11

ag

10%
12

2 133

May 10

1%
21%
10%
10%
111%

1%
Feb.
2
Mar. 8 21%
10%
Mar. 9
10%
Mar. 25
Apr.
1 149%

Jan. 11
Mar.
8
Mar. 9
Mar. 23
Jan.
8

Co (Del)—

Common.
1
39,902
12,907 Anaconda Cop Mg Co com. .50
*
6,599 Anglo Nat Corp cl A com
3,630 Argonaut Mg Co Ltd capital 5

*

431 Ark Nat Gas class A com
774 Atlas Corp common.

*
3

1,995 Aviation Corp (Del) com
1,794 Bait Ac Ohio RRcommon.. 100
55,485 Bancamerica Blair capital..1
1
1,595 Berkey Ac Gay Furn com
725 Bolsa Chica Oil cl A

10

com

65c

Sale

50c

13

29 X
13%

25%
11%

2.85

3.50

2.80

3X
7X
3%
8%

3%
8
4
9X

2%
6%
3%
4%
3%

3%
7%
3%
5%

2.20

2.50

12%

13

11%

11%
70
70
15c
3%

28X

4

Sale

Tio "2"Io

4

3M

3

3%

5

3%

5%
3%

2:00

2ii

48c

May
21 ' May
11% May
3
May
3% May
6% May
3% May

27
26

17
23
11
23
28

3% May 3
% May 24

56c

May
29% May
11% May
3
May
3% May
6% May
3% May

3
9
4
23

11
13
23

4% May 13
% May 24

Mar.
May
Apr.
2.00 Mar.
3
Mar.

46c
21

11

29
26
4
18
23

70c

Jan.

6

36
17

Jan.

11

Jan.

11

4.25 Jan.
3% Jan,

21

Jan.

21

Jan.

10
6

19

6% May 23
3% May 28
7
Mar. 15
3
Mar. 29
% May 24
1.85 Mar. 30

2*40

Apr.

6

10% Mar. 30

17% Jan.

12

50% Mar. 22
50% Apr. 26
10c May 4
3.50 Jan. 27
1.10 May 24

60

Feb.

2

66

Jan.

15c

Feb.

4

3.50 Jan.

27

8%
4%
9%
5%

Jan.
Jan.

Mar.

17
3

Bunker Hill Ac Sullivan Mg

785

"""83

Ac Con Co common

5,319

2%

231

Calif-Oregon

100

6% pref (1927 series)
200 Calif Pac Trad Corp com
50

.

""265

505 Calwa Co
Class A

122

65

70

52

58

52

65

Sale

52

58

52

10c

15c

5c

3.50

10

common

*
*

Chanslor Ac Lyon Stores
_____

100

Preferred

■

Sale

11

May 27

52

May
May

13% May 18

Power—

6% pref (non-callable).. 100

20

13 X

1.45

15c

2.50
1.50

3%

75c

5c
2.50

10c

3
4

1.10 May 24

1.10

52% May
10c
May

3
4

1.10 May 24

1.50 Jan.

8

11

Inc
*

cum conv

17

17

12

Jan.

10

17

Jan.

10

Cities Service Co (new)—

200

$10 par..
10
1,282
9,487 Claude Neon Lts Inc com—1
1,805 Coen Cos Inc class A conv..

100

1,190

999
2,287

1

35c

IX
40c

7%
1%
35c

7%
1%
90c

7%
1%
35c

8%
1%
50c

8% May
1% May
May 16

50c

10% May 10
1% May
6
May 16

50c

10% N ay 10
2% Jan. 25
Jan. 10

8% May
1 % Jan.
Jan.

50c

28c

Columbia River Packers

'""715

*

3.50

7X
21X
8X

3

4.20

10 Comm'l Solvents Corp com..*
100 Consol Edison N Y common

7X
22 X
9X

Assn

Inc common

3,620 Consol Oil Corp common—*

200

200 Continental Oil (Del) cap..5

1,655

9,070 Curtiss-Wright Corp com—1
545 Dominguez Oil Fields cap—*
1,155 Dumbarton Bridge Co com. 10

*~4

5,929 Elec Bond Ac Share Co

"8X

130
130

3,460
*

No par value.




com.

.5

40

4%
44 X
9X

39%

SaleQ

"6% Saie

8%
24%
4%
39%

May 16

May
May
May
May
40c
May
6% May

26
23
25
31
13
31

3

8%
25%
5%
40%

May 16

May 26
May 17
May
May 13
40c
May 13
9% May 11

3

9%
19%
7%
24%
3%
39%

May 16
Jan. 14

Apr.
Mar.
May
Mar.
Apr.
40c
May
5% Mar.

19
31
23
29
1
13
25

6

Feb. 21

9% Jan. 14
19% Apr. 19
9% Jan. 25
25% May 17
5% Jan. 10
44% Feb. 18
50c
Apr. 22
9% Jan. 11

SAN FRANCISCO STOCK EXCHANGE

64

SAN,FRANCISCO
STOCK EXCHANGE

SALES

AGGREGATE
In

May

Jan. 1

Shares

PRICES IN MAY

Shares

Jan. 3

STOCKS

1938

Par
5,974 General Electric Co com....*
790 Goodrich (B F) Co common.*

1,042
1

Great Western Electro-

40%
13%

*
20

52 %
20%

198 Hawaiian Sugar Co capital 20

130
5

Ask

1.50

*
1
590 Honokaa Sugar Co capital.20
Idaho Maryland Mines Corp
36,838
Capital
1
7,522 Internet Tel & Tel common.*
32,878 Italo Petrol. Corp of Am com 1
43,858
7% cum preferred
1
4,545 Kennecott Copper Corp com *
6,384 Klelber Motor Co capital-.10
210 Marine Bancorporation cap.*
194 Matson Nav Co capital
366 VfcBryde Sugar Co Ltd cap. .5

35c
1.75

B

752

capital

200 Holly Oil Co capital

11,516
4,161
9,729
4,584
390
542

25

31%
13%

32%
14%

30%

31%

11

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

34% May 23

35

12

58

52

54

21*

21%

22%

22

38

30

325 Hobbs Battery cl A capital..*

100

41%
14%

Lowest

Ask

Ask Bid

Bid

Sale Prices

May 31

May 2

Bid

May 19

Mar.

16

24

32

26%

8

2.60
1

50c

2.40

5

6

5%
5%

6
0s/

Sale
2.40
2.60

40c

2.50

.

75c

2.50
60c
2.40

50c

1.00

2.40

75c

3

6%

5%
5%
7% Sale
32c

Sale

1.80 Sale

6%
8%

6%
Sale

Sale
1,70 Sale

32%

27%

28%

12c

18c
23

12c

14c

12c

17

20

14c
21

15

33%
3%

33%
5%

5

3

1

Mar. 23

50c

50c

35c

Mar. 26

May 11

May 11

400
Common
5
208,219 M J & M & M Consol capital.l

7

OH
29c

Sale

6

6%
21c

20c

5% May
7% May

3
2

May 31
1.70 May 31
28% May 26
12c

4%

May 12

4% May 20

7

May 23
9% May 18

25c

28% May 26
14c
May 11

28% May
12c
May
17% Apr.
33% Apr.
4% May

4% May 20

Sale

4

4.95 Mar. 31
6
Feb.
1

35c
May
9
2.15 May 10

May 31

1.50 Mar. 29

5%

5%
16c

Mar. 31

26% May 31

1.50 Mar. 29

25c

25c

31%

4.50

21

8

36%

19

May 25
May 14
27% May 13

44% Mar. 31

22

5% Jan.

3%

35%

34%

60

22

Sale

65c

15c

54
May
7
May 14
26% May 31

65
23

60

McKesson & Bobbins Inc

12,700

34% May 23

40% Mar.
16
Mar.

2
8

>

Chemical Co common
Preferred

1,090
1,915

165
200

1

RANGE SINCE JAN.

Price

Since

26
12
1
30
20

5% Mar. 28
16c

May 23

21c

May

4

15c

Mar. 24

60
May 25
May 14
35% Feb.
22

1.50 Jan.
Feb.
1.75 Feb.
9
Feb.

18

50c

1
11
8

7

May 23
9% May 18
50c

Jan.

12

3.20 Jan.

6

39% Feb. 25
17c

Feb.

22

Jan.

15
11

34% Jan. 24
5% Jan. JL9

5% Mar. 28
38c

Jan.

14

Monolith Portland Cement

Preferred
10
Montgomery Ward & Co,
487
Inc, common
——*

50

190

286

•

5H

695
100
570
25
95

Pacific Portland

293

210

29%

5

9%

5%
10%
20
33

19

31

6%

5

38

32

5

30%
Sale

7%
8%

7%
8%

w*
20

100
100

1.70 Sale
45
Sale

3,983 Packard Motor Car Co com..*
Common

150
•

95

4

4%

1

445 Park Utah Cons Mines com.

5%

5%

1

2

2%

_

100 Pennsylvania RR capital..50
169 Pioneer A ill Co Ltd capital 20

35

1,947
80

""66

""16

615 Shasta Water Co
Silver

30

17

,

10

385

316

3%

3% May 27

5% May

9

34% Jan.
8
3% May 27

Sale

5

9% ivlay 10
17% May 27
22% May 13

22

24% May

6% Mar. 26
16% Apr. 29
19% May 23

J:

23

Mar. 24

8

8% May 31
17% May 27
19% May 23

22

6

1.30

2.50

40

3

7% May 18
34%
9%
10%
9%
17%
35

Jan.
Jan.
Jan.
Jan.

8
13
24
7
May 27
Mar.
7

7

8

Jan.

May 18

5

May 18

35

Jan.

10

1.75 Jan.

26

Apr.

22

5%

4%
2

2H

16%

4

44% Jan. 27
3% May 26

3% May 26

4%
2
15%

1%
14%

14

11

Sale
2%

5%
1%
5

10%

5%

1.55

5% Apr. 18
2% Mar. 17
May 11
5% May 27
May 27

5

12

May 26
6% May 13

6% May 11

15
28

25f*

25

May 17

25

May 17

King Coalition Mines
5

6%
22
24

26%

6%
22%
24%
26%

5

6% preferred

100

14%
7%

20%

30c

50c

8%

4%

5

25%
27%

24

27

May
May

15

12

May 19

10

6%

6%

3
6

25% May 12
27% May 16

11
30
4
16
17
23

7% Apr.
1
23% Mar. 29

12

3%

4%

Jan.

10

19% Mar. 30
Apr. 13
25% Mar.
24

-

May 19

8% Apr.
7
7% Mar. 17

7%
35c

25c

4%

May
4% Mar.
2% Apr.
5
Apr.
29% Jan.

9

"20% May"26 "22% "May" "6

21

24%
26%
7

11

5%

20

25c

Mar. 25

2.00 Feb.

"II

4

7%

3% Mar. 30

16

25

28

24

3%

3%

3

1.65 Jan.

50

4%

30
2.40

9%

1.50

1.30

50

3%

12

6

1.40

2,781 Standard Brands Inc com—*
500 Sterling Oil & Dev Co cap—1
3,990 Studebaker Corp common..1

"325

28%
Sale
7%

30

Sou Pac Golden Gate Co—

'

27%
3%
6%

5

6%
4%

25

10,174 Sou Calif Edison common__25
3,695
C5%% preferred
25
5,323
8 6% preferred
25

749
635

6% Feb. 21

23

"20"

6

_*

common.

Capital

155

1,345

7% May 18

18

15%

12,466 Radio Corp of Amer com.
*
435 Radio-Keith-Orpheum com
1,126 Riverside Cement (Del) A_.
160 Santa Cruz Port Cem com. .50
1,110 Schumacher Wall Board com*
800
Preferred
._*

550

7% May 18

Sale

Pantapec Oil of Venezuela
50

7%

15

Cement—

Common
6%% preferred.—

497

31%

6%

6%

30%

73,721 Mountain City Cop Co cap .05
l,6l5 Nash-Kelvinator Corp cap..5
3,217 Nor Amer Aviation Inc cap..1
206 North Amer Co common—
1,063 Oahu Sugar Co Ltd capital 20
549 Olaa Sugar Co Ltd capital.20
140 Onomea Sugar Co capital..20

10,630
70

8H

25c

Feb. 23
Mar. 25

47% Mar. 10
5% Jan. 10

5% Apr. 18
2% Mar. 17
Mar. 25
Jan. 25

16
20

7% Jan. 15
3
Apr.
9
7% Feb. 17
30
Jan.
2.50 Jan.

25

10% Jan.

12

10

Mar. 21

27

9% Jan.
22

8

% May

6

25% Feb.
27% Jan.

2
...

Feb.

24

8% Jan.

31

18

4

7

Jan.
Jan.

17% Mar. 26

May 25

4

18

Jan.

8

9

Jan.

38%
36%
27%
3%

Mar.
Mar.
Apr.
Jan.

4

May 25

30c

25
25
10
10

Sunset-McKee Salesbook Co

205

Class A

common

10

Class B

common

*
*

Superior Portland Cement
65
Class A preferred
659
176

1,725
4,395
700
60

I

18

8%

*

150

34%
37
26% Sale
3%
3%
1.25

1.40

52%
1%

53%
Sale

1.75

110 Wailuku Sugar Co capital.20
4,485 Warner Bros Pictures com_.5
83 West Coast Life Ins Co cap..5

2,139

13
50

32

45 Title Guaranty Co cum pf_.*
6,105 United Aircraft Corp cap
5
1,663 United Corp of Del common *
22,085 U S Petroleum Co capital
1
11,720 U S Steel Corp common
__*
1,885 Utah-Idaho Sugar Co com__5
2,160 Vica Co common
__25

110

22

15%
8%

13
32

.....

14

33%
25%

2%

45
34

25

II*

26

90c

^
90c

41%

39%
1

2.25

1

1.00

3% May
6
May 31
May 27
1
May 24

19%
4%

40-

100 Western Union Teleg

Los

com

10

4%

12

8

18

May 26
4% May 27

19

May 26

4

Mar. 30

Apr.

12

18%

1

18
8

May 25
4% May 27

% May 17

100

Mar. 30

1

1.00 Apr.

2,219 Western Air Express rights._

Sale

6

3% May
6
1.05 May 10
46% May
9
1% May
5

2.75

16

30%

35
Feb. 11
33% Mar.
19% Mar.
2% Apr.
75c
Mar.
40
Feb.
7

—

90c

40%
1%

Jan.

9

% May 11

"21"

1

% May 17
21% Mar. 30

8
__

--

—

1.55 Jan.

60% Jan.
1% Jan.
3% Jan.
19
May
7% Jan.
11% Feb.
% May
21 % Mar.

10
10

25
.

25
25
17
11
30

Angeles Stock Exch
MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE
Stock

Sales

May
Jan. 1 to

May 31______

AGQREGATE

SALES

__

STOCKS

100

1,300

Bid

Ask

3%

500

B

10

3,000

5,000 Buckeye Union Oil

1,000

2,000
3,000

10

Preferred

vot

tr

vot

100

com

ctfs—

truat

4,000
8,500
6,300
3,900
2,000
2,300

4,700
500

500
300
400

Consolidated

•

300

66,900

Exeter

Oil

Co

A

J

171 Farmers tk Merch Nat Bk.109

3
see




page

65

62%c
1%
2%
2%
5%
6%
23%
26

28"

23%

55c

16c

35c

16c

RANGE SINCE JAN.

1

65c

85c

55c

Sale

20c

40c

12c

25c

2
2%

50c

Lowest

Highest

Lowest

Highest

Sale Prices

Sale Prices

Sale Prices

Sale Prices

2% May 24

3

May

4

35c

1%
50c

27c

1%
62 %c

i2^
Sale

5

4c

9c

15%

II* it*
1
39

8%
4%
7%
3%

40*
7%
8%

3
350

6%

2%

"42%
Sale

385

,

2c

3c

2c

May 23
May 25
May 16

2c
2c

65c
25c

May
4
May 26
2% May
5

4c

4c

May

11
1

38%
8%

9

14

1%
39%
Sale

8%
4

?%

4%

24

May 25
25c
May 26
2 % May
9
7

7c

3%

8%
4%

4%
40%
41%
7% Sale
50c
350

60c
385

Mar. 23

Apr. 30
Apr.
2

25c
55c

1.50

13%
15
19% Sale

87He Mar. 18
2% May 24
5

7

Sale

4%

65c

2%
50c
5

8c
6c

14%

Ltd!*

v"t"cl*

1%
3%

Ask

23

2c

Steel com....*

Preferred

May 31

Ask Bid

42c
90c

2c

665 District Bond Co
.....25
200 Douglas Aircraft
Corp
I.*
3,000 Emsco Derr flr Equip Co...
5

10
100

5,500

May 31

7%
24%

1

ctfa..l

Claude Neon Elec Prod
Consolidated Oil Corp.

Creameries of America

6

1

700 Chapman's Ice Cream Co...*
Chrysler Corp
g

800

For footnotes

Common

2s/

7%

com

1,000 Byron Jackson Co.—_
»
600 California Packing
Corp
I*
1,486 Central Investment Corp. 100

100

8,800

—100

common

900 Broadway Dept Store
417 Brock & Co 2d pref

3%

*

6,300 Barnhart-Morrow Gona
1
5,900
erkey & Gay Furn Go
1
Warrants
1,000
12,600 Bolaa Ghlca Oil Corp A....10

187

May 2
Bid

75c

21,700

800

$500

Jan. 1 to

PRICES IN MAY

3
1938

Par

900 Barker Broa common
293
5%% preferred

1,500

1937

Price

200

4,300

1938

Sales

May

Jan

Shares

i_

Bond

786,351
8,648,602

LOS ANGELES
STOCK EXCHANGE

Jan. 1

May
Shares

1937

551,115
2,310,807

Since

In

k

1938

Shares

4

19% May 31
13
May
6

7% May
2
9
May 25
3c
May 11
4c

May

4

19% May 31
13

,

May

6

1

Jan.

4

Jan.

27
8

9% Feb. 24
29% Jan. 11
45c

52 %c Mar. 30 1.00
25c
May 26 47c

Jan.
Jan.
Jan.

6
4
14

1% Mar. 10
2% Mar. 30
62%c Mar. 22 62%c Mar. 22
7
8
Apr. 26
May 23
Feb. 23
May 25 10
2c
5c
Jan. 22
May 16
5c
Feb.
8
3c
Apr.
4
5c
Feb. 26
4c
May
4
Feb. 25
15% Apr.
8 20
18% Mar. 25 20% Apr. 16
10
18
Jan. 10
Apr.
1
1.25 Mar. 28

36
41% May 21 46
May 10
7% May
5
6%
8% May 19
9
8% May 25
7%
May
6
4
May 11
4% May
3
2%
8
9
8
May 26
May
6
3% May
4
4% May
9
3%
4% May 17
4% May 17
4%
47
43
May
7 47
May
7
8
7% May 31
6%
May
5
52 %c May 25
67%cMay 2 52 %c
350
May
6 350
May
6 340

Mar. 31

Mar.
Mar.
Mar.
Apr.
Mar.
Jan.

30
31
30
11
25
26

Apr. 20
Mar. 31
May 25
Apr.

1.45 Mar. 23

Jan.
May
Jan.
Jan.
10
Jan.
4% Jan.
4% Jan.
47
May
10% Mar.
62%
8%
10%
4%

95c

6 399

Jan.
Jan.

15
9
10
18
10

31
26
7
7
11
21

Since

May

Jan. 1

Shares

Shares

STOCKS

100

1,000

May 2

1938
Bid

Ask

30% Sale

6,900 General Motor* Corp
„_10
1,700 General Paint common..
3,200 Gladding McBean Ac Co
•
4,400 Globe Grain & Milling Co..25

900

4

3

17
75

1,200 Goodyear T & R Akron com.*
30
$5 Preferred.............*

2,600
2,700

......*
28,900 Hancock Oil Co A
10,500 Holly Development C0.....I
300 Holly Oil Co
5

25
65c

13*

600 Hudson Motor Car Co.......*

4,500 Hupp Motor Car Co
3,200 Intercoast Pet Corp......—
1,200 International Cinema .....1
1
15,100 Jade Oil Co
95,800 Klnner Alrpl At Motor Corp.l

100

65 tKnudaen Creameries

17",122
400

2,600
4,000

35,800
1,230
6,100
54,700
12,400
17,700
63,100
2,100
4,400
8,100
1,100

30

700

6,900
1,300
1,900

""606
400

900
500

1,100
300
171

9,461
8,700
100

300

22",600
900

•

1,500
25

1,100
1,700
900

2,000
2,800
300
100

4,300
900

300
15

200

"9",853
""600

100

37,000
2,900

6,000

100

100
600

6

5%
40c

50c

10

11

4
80c

17c

75c

Sale

10c

25

28%
25%
20

33%

J%
32c

25%
29

26%

27

21

20

34%

35

4

5

17

15

11
6

17c

5%
1%
2%

36
25c

Sale
2
2%

15%
1%
3%

14

1

3
110
28

Sale

11%

12%

6c

9c

25%

23
9c

1

8

21%
36%
25%

Original preferred......25

6% preferred...........25
preferred
....25
Calif Gas A 6% pref...25

24

25c
Sale

21%
38%
26%
24%

10#
*

11%
28%
3

28

...1
Superior Oil Co common...25

29

Standard Oil of Calif

2%

Sunray Oil Corp

42,900 Transamerica Corp
*
39,800 Union Oil of Calif
25
14,500 Universal Cons Oil Co
10
900 Van de Kamps Bakeries.....*
199 Weber Showcase At Flm pfd..*
1
6,500 Wellington Oil Co..
100 Western Air Express Corp..l
9,953 J Western Air Express rightsl
100 Western Pipe Ac Steel Co.. 10
4,600 Yosemlte Portl Cement preflO

33%
9%
15
99* Sale
19 %
19%
9%
10%
53*^ 6
3%
8
4
4%
2%
3%

536
23*

16

29*

3

4

32
25c

li*
2%
129*
19*
3%
112%

if*
ll4%
3s*

24
10
10

May
May 19
May
2
May
6
May
9
May 12

18%
3%

2%

26
59*
31 40c
31
103*
19 123*
24
93*
9
21
31 27
26 219*
3 38
27 104
59
24
7 17

28

11

9c

4c

22

18

V&

U*
18c

\VA
25c

20c

lc

13*c

lc

1

10c

3V*

20c

33*

24c

19*c
15c

10c
3

3%

lc

2c

2c

Sale

25c

35c

20c

6c

7c

5c

30c
7c

Amer Rad At Stand San.....*

8

79*

49*
49*
343*

4

33
23c

26c
6%

13*
23*
1.30

9

2

7

43*

253* May 25
5c

500 Caterpillar Tractor

8

39

W*
37

203*
38

26

Sale

25

Sale

26

303*
109*
263*

2%
25%

28

9

May 13
May 26

28
7c
24

8%
18%
103*
69*

May
May
May
May
May
May
May
May

263*
243*
283*
103*
263*
23* May
31
May

2

26
25
"
3
26
27
24
11

#
5*

8

39*
1%

43*

10

May

3

59* May 23
May 10
May
3

3
4

May 17

May
May
May

8%

May
229* May

2
3
4

2
6
25
16
24
12
11
9
13

May
279* May
253* May
299* May
143* May
309* May
29* May
31
May 11
38

93* May
9
20
May
7
113* May 10
6
May
5
3
May 10
43* May 21

3

May 13

30c

May 11

"19" "21"
Sale

3

100

33* May

13

21c

3*c
10c
2

Sale

25c

Sale

4c

5c

29*
19*c 23*c

May
3*cMay
10c
May
3
May
19*cMay
25c
May
4c
May
21c

23
17
14
11
9
3
20

23c
2c

10c
3
2c

25c
5c

May
6
May
4
May 14
May 11
May
2
May
3
May 17

113* May 19

Sale

300
200

.....

129* May

283* May
5
43* May 10

413* May

*

5

443* May 10

"7" "May" 14 "7 "May 14
13* May 25

Com'wealth Ac Southern....*

26

%
49*

49*
fi Va

Kennccott Copper Corp....*
...5
200 McKesson Ac Robblns

»

No Amer Aviation Inc

1

American Co........*

Packard Motor Car Co

*

Radio Corp of

America.....*

"6"" "~63*
39*

4 3*

2096

20%
54 H

800 Socony-Vacuum Oil Co
*
Standard Brands Inc.......*

600 Standard Oil Co (N J)
400 Studebaker Corp
800 Texas Corp

259* May 18
49* May 25
73* May
6

600 United Aircraft Corp....
700 United Corp (Del).......

t Delisted April 15, 1938.




54

"7% "8%
4:5%

26

*
*

73*
293*
53*
32 3*
129*
83*
20
103*
33*
73*
53*
23*

May 27
May 25
May 19

May
May
May
May
May
May
May
May
May

5
6
2

6
12
10
24
28
16
May 24

603* May
7
129* May 20
7
May 26
443* May 28

m

38" "389*

•
1,200 U S Rubber Co
3,700 U S Steel Corp
100
6,000 Warner Bros Pictures.... 8
100 Westinghouse Elec Ac Mfg..50

No par value,

5

30
10
26

75c

Jan.
Jan.

oVA

8
1.00 Apr.
523*c May 10
6c
May 16

70c

20

10

7
5

Jan.

15c

Jan.
Jan.

Feb.
Feb.

19c

Apr. 28

75c

May

31

Feb.

18

Jan.

Jan.

May

5
29* Jan. 26
10
11
7
Jan 14
1.20
28c
Feb. 16
73* Mar. 7
49c
Jan. 19
143* Jan. 14
30c

18 113
29

233* Mar. 29
133* Apr. 27
5c
Mar. 30
18

Feb.

Jan.

4

3
79* Jan.
199* May 31
35

Jan.

259*
233*
283*
93*
253*
23*

Apr.
Apr.
Apr.
Mar.
Mar.
Mar.

27
1
1

11
30
31

31
Mar. 26
Apr. 28

83*
173*
69*
59*
33*

Mar.
Mar.
Jan.
Mar.
Apr.

26

29

31
26

16
6

Mar. 21

4

29* Mar. 28
7
5c
May
Mar. 18

23* Mar. 24

19

Jan.

13

133* Apr. 27
12c

Jan.

11

Apr.

May 26

16

Feb.

25c

4

83* Feb.

7

Jan.

10

li*

38

May 25

279*
253*
309*
219*
33 3*
33*
363*
133*
129*
219*
113*

Feb.

30c

Apr. 26
Mar. 18

14

Feb.

8

Jan.
Jan.
Jan.

15
12
11
20

Feb.

23

Jan.

Feb.

23
12
Feb. 25

Jan.

Apr. 21
6
May
6
33* Apr.
6
63* Jan. 11
29* Mar. 28

19

33* Jan.

19

2

13

Feb.

Mar. 23

23c

3*c May 17
10c
Mar. 29

2c

May
May

12c

3

Mar. 31

lc

Mar. 14

20c
3c

Mar. 26
Mar. 22

22c

Jan.

43* Apr.
3c
Apr.
May

25c

Jan.

9c

Mar

19*
259*
53*
73*

May
9
May 18
May
5
May
6

46

9

May 20
May 11
63* May 19
339* May 10
14
May
9
99* May 10
213* May
9
103* May 11
33* May 10
8 9* May
9
53* May 17
23* May 16
13
May 24

Mar. 25

If

6
4
21

6
9
4
4

7

13
May 17
7
May 26
479* May 18

Jan. 10
Mar. 23
Mar. 25

2

7

83* Jan. 26
Apr.
6
223* Mar. 29
33* Mar. 31
53* Mar. 25
Mar. 31

103* Mar. 31
503* Jan. 15
53* Mar. 31

P
29

Mar. 31
Mar. 28
Mar. 28

109* Mar. 26
Mar. 30
Mar. 29

6
15

103* May 12
39* Mar. 30
69* Apr.
7
Mar. 29

J*

May 16
May 24

193*
603*
129*
7
443*

Mar. 24

May
Apr.

7

139*

14%
259*
23*

"3% "394
22%

52%
6

989*

22%
53%
6%

Sale

423*
Sale

99%

t Delisted May 25, 1938.

269*

May" "3

259* May
43 3* May
49* May

703*

♦ Delisted May

25,1938.

2
4
2

393* May

6

28

9

May

283* May
9
463* May 10
53* May 10

Jan.

9

26

Jan.
Jan.

11
10

Jan.
Feb.

10
8

Jan.
6
M ay 14
Jan. 11

ik
2591

May 9
May 18
Jan.
Jan.

10
11

459* Jan.

10

9

18

Feb. 21

513* Jan. 20
9
May
2
41

Jan.

63*
369*
199*
109*
213*
123*

May 19
Feb. 23
Jan.
Jan.
Jan.

15

11
10
12

Apr. 28

59* Jan.

11

89*
73*
5 9*
1536

Apr. 16
Jan. 15

22

Feb.

Jan.

10

Apr.

9
18
603* May
7
139* Apr. 23

May 26

9 9* Jan.

11

May 28
Apr. 20
343* May 31
103* Mar. 29
243* Apr.
9
Mar 24

499* Jan.
53* Apr.
41» Jan.

15
18

14

Feb.

21

28

May

9

5

343* May 31

143* Feb. 23
363*
43*
14 h
4491

May 14

7

35

603* May

30

Mar. 30 145

213* May 26

28

13

25
25

600 Tide Water Assoc Oil Co.. 10

500

4%

R adlo- Kel th-Or pheum...

1,300

""200

300

4

Paramount Pictures Inc..

700 Republic Steel Corp
......
300 Seaboard Oil Co of Del.....*
*
100 Sears Roebuck 8c Co

""400

"266

99* Sale
1936
19%

800 Ohio Oil Co

400
100

*

2,800 Montgomery Ward At Co
7,000 N Y Central RR

300

Jan.

103* Jan. 10
33* Mar. 7
49* Feb. 15

9c

9

•

Cities Service Co

Curtis* Wright Corp
1
900 Electric Bond Ac Share......5

'"loo

Mar. 21

18c

19

3c

5

7,000

100

14

30

35c

112

300 Continental Oil Co (Del)...5

3,700
1,600
5,200
1,300

12c

15
1

113* Feb. 25

10
22c
lc

213* May 26
43* May 10

12

1,600

700

18

17

19

1443* 1453*

900

200

3

Apr. 12
Apr.
4

147%

2

5c

8

Jan.

7c

10

83* May 27
173* May 26

Apr.

5mc

wA

15

89*

100 Columbia Gas & Elec Corp.*
...*
200 Commercial Solvents

300

3
17

25c

18

203*

Mining. .50
4,300
1,500 (The) Aviation Corp (Del)..3

North

26

1.50 Mar. 28
Jan. 10
13* Jan. 19

STOCKS—

200

400

May 13

9

Hi

25c

9c

Anaconda Copper

17,000
1,300

Mar. 21
27
7

Jan.

303* Mar. 15
95c
Apr. 21

Jan.
5
5
10
Mar.
8
30c
5
26
20
93* Mar.
19
113* Feb. 16 123* May 19
7
9
Jan.
24
May 24
9
233* Mar. 31 277/ May
9
28
Apr. 25
12
May 12
Jan. 19
31
263* Apr. 19
Feb. 23
24
189* Mar. 26
10
329* Apr. 30 393* Jan. 15
9 1013* Mar. 29 1049* Jan. 12
43* Mar. 9
7
59* May
7
7
7
173* May
173* May
7
Jan. 14
149* Jan. 10
Feb. 26
May 26
May 12
Mar. 26
53* Jan. 10
May
4
Mar. 31
Jan. 14
May
9
E*
Mar.
1
26c
May 26
May 26
Mar. 25
73* Jan. 10
May
3
1.10 Mar. 30
May 20
29* Jan. 11
5
23* May 20
33* Jan.
May
6
1.05 Mar. 30
May
4
19* Jan. 12
7
129* Mar. 30 213* Jan.
1.25 Apr. 22 2.00 May
May
9
9
23* Mar. 16
43* May 12
May 12

12

44%
79*
32%
63*

600

65c

112

23

93*

Black Mammoth Cons M Colic

*
400 International Nickel Co.
3,000 International Tel At Tel....*

2,300

76

May
May
May
May
May
May
May
May
May
May
May
May
May

313*

200

6

May 26

30c

4

May
May
May
Sale
May
5
53*
May
1% May
«YA
Sale
23* May
' 1.30
1.10
May
133*
3
May
5
May

10c

5c

Calumet Gold Mines Co..lie

1
5,400 Cons Chollar G Ac S Co
134,000 Imperial Development Co.25c
1
4,843 Tom Reed Gold Mines Co
1
43,600 Zends Gold Mining Co...

100

Jan.

25

STOCKS—

20.750 Cardinal Gold Mining Co

1,600

75c

53* May
Sale
32c
May
Sale
10
May
123* May
Sale
9% May
26
27% May
May
299*
Sale
27
May
21
21
May
37
35
May
105
1023* May
May
17% May

29%

27%
10%

So

3%

1.35 1.10

1.10

Sontag Chain Stores Co Ltd. *
So Calif Edison Ltd com...25

Southern Pacific Co

4%

3%
34

.....50

Preferred

105

5

18
17

33* Mar .12
233* Feb. 23

873*cMay 14
55c
May 12 523*c Apr.
4c
35c
Jan.
May 10
5c
Jan.
5c
May 10
2c
8c
May
May
3
113* Feb.
10c
11c
Apr.
May 24
10
May 16
69* Mar.
2
Jan.
29* May 16
3 9* May
33* Mar.
9
49
55c
May 10
May
80c
Mar.
923*cMay

9c
20
19 1.00
10 55c
16 10c
9 21c
90c
May 31

5%

10

4

100

Mar.. 4

Feb.
Jan.

7

75c

28c
Sale
5c
May
1.50 1.00
May
57 %c
523*cMay
12c
6c
May
25c
21c
May

13c
5c

*88
ii*

12

1,500 General Electric Co........*
800 Goodrich (B F) Co
._..,_*

*

~

3
50c

829*cSale

10

10

.......

100

,

5c

99'
29

1.50 1.10
50c

Sale
12c
25c
90c

Preferred series C ......10

200 Bendlx Aviation

500

Sale

15

9
9

Apr.

3c

15c

80c

...

""loo

23
2
25

2c
10c

4c

9c

4c

10

4,300

May
8
May
29* May
3% May
49c
May
80c
May

5c

Sale

10c

13,561 Rice Ranch Oil Co..
71,000 Richfield Oil Corp common.*
Warrants
3,000
13,600 Robert Public Markets.....*
1
12,300 Ryan Aeronautical Co...
700 Safeway Stores Inc
*
939 Samson Corp B common....*
5,800
6% Preferred
10
62 San Joaquin LAcP 7% pr pflOO
1,218 Security Co units
100 Shell Union Oil Corp
*
149,700 Sierra Trading Corp......25c
»
4,300 Signal Oil-Gas A

"300

13
12
10
10
18

3c

55c

Corp common. 10
Preferred series A.......10

800 Amer Tel At Tel Co

"l",o66

May
May
May
May
May

5c

15

4,200

75c
55c

11c

65c
97 %c
28c
9c

Mar. 29

Mar. 12

59* Apr.

12c

5c

Pac Finance

UNLISTED

900

"5%
87 %c
50c

35c

*

95,450
220,000

293* May 2
82 3*cMay 18

11c

2%
4%

3!

379* Jan.

17

1.30 Jan.

5%
50c

2%
3%

...1

300 Alaska Juneau Gold M Colic

17,600
177,000
5,850

70c

May 26
May 26

7c

Products......*

Pacific Distillers Inc

MINING

25

70c

65c

25% Mar. 31
69* Mar. 29
7
Jan. 27

76

May 25

17

8c

13c

43* May 18

May 25

8c

55c

10
4
12

17

65c

90c

8 9* May
8
May

33

10c

400 Taylor Milling Corp..

"0", 606

6%

5%
87%

8

32 3* May

26

25%

102
5

3,300
12,100
1,579
7,900
8,900
3,100
16,100
14,100
4,800
9,200

27% May 27
7 % May 16
8
May 12
43* May 26

1

140 Signal Petroleum Co

"""566

Highest
Sale Prices

75e

1.25

A

Olinda Land Co

772

132

Lowest
Sale Prices

5c

1,800 Puget Sound Pulp At Timber*
29,000 Republic Petr Co Ltd.....10

4,800

Highest
Sale Prices

4c

Mt Diablo Oil Ming

Pacific Clay

Lowest

...

First preferred.
100
300 Pacific Western Oil Corp

:

""200

"""170

Inc

Alloys

29% Sale
72 %c 85c

700 Pacific Public Service......*

600

100

JAN. 1

Sale Prices

May 31

Ask
Ask Bid
27% Sale
29
0%
7%
8%
6
7
8%
4
4%
49*
3
4
39*
18
159*
169*
65
72
77

55c

2,600 Pac Gas Ac Elec Co com....25
1st pref 6%
......28
1,400
700
$H% 1st preferred
25
3,300 Pacific Indemnity Co......10
1,600 Pac Lighting Corp com.....*
S6 preferred
322
._....*

100

700
100

3,600

i7m

•
At Dev.-l
Nor don Corp
—..5
Occidental Pet Corp
1
Oceanic Oil Co
........1
Mills

600

200

""'588

2

661 Merchants Petroleum Co—1
Mid-Western Oil Co.........

"3",000

2,400

r

26
80c

1
53.672 Lincoln Petroleum Corp
1
13,000 Lockheed Aircraft Corp
39,700 L A Industries Inc......—2
4,600 L A Investment Co........10
........1
10,300 Mascot Oil gj
...1
31,100 Menasco Mfg Co

2,900
2,900

28%
7

""loo

200

Bid

7%

*

100 Golden State Co

1,100
1,000
57,085

RANGE SINCE

Price
Jan. 3

In

800

65

exchange

PRICES IN MAY

los angeles
stock exchange

SALES

AGGREGATE

stock

angeles

los

June, 193s]

25

9J

Apr. 28

383* Mar. 31
3% Mar. 26
653* Apr.

6

3
Jan. 26
319* May 17
619* Jan. 15

Jan.

8

653* Apr.

1

7

11

Cleveland Stock

Exchange

.MONTHLY AND YEARLY RECORD

RANGE OF PRICES ON THE CLEVELAND STOCK EXCHANGE
:

Stock Sales

1

May

1938

Shares

Jan. 1 to

SALES

In

325,869

CLEVELAND
STOCK EXCHANGE

Jan. 1

Shares

Par

603

1,335 Amer Coach & Body..
1,710 Ape:. Electric & Mfg
"with proxy",.....
465

10

15 Can field OH 7%
1,729 City Ice & Fuel

10
240

55

10

70

*
•

m'm

4,702
31,726

190

1

new

*
»

cum prex

100

Cliffs Corporation

•

t c

»

10

709 Colonial Finance Co com
220 Commercial Bookbinding

85

571 Dow Chemical 5% pref.. .100
595 Elec Controller k Mfg

122

571
240

205
247
150
mm

12C
4

14
10
mm mm mm

10
22

...»

4,424

Machine

839 McKee f Arthur G) B

*

2,678 Medusa Portland Cement

*

548 Metropolitan Paving Brick..*
43
Preferred..............100
25 Miller Wholesale Drug
..*
365 Monarch Machine Tool Co..*
212 Murray Ohio Mfg.....
*
National

Refining........25

Preferred

_

100

National Tile

256

•

1,215 Patterson-Sargent. ._.___..*
6,165 Peerless Corp
.........3
Reliance Elec Ac

2,160
8,256 Kichman

May

17

8% May 31

8X May 31
9734 May 28
11*$ May 17
63
May
7
16
May 12

Mar. 26

8

X
12

ux

May
Apr.
Jan.
May
Jan.
May
Feb.

14 34
42

10734
19

34
12

10
22

22

114

63

1

11X

30

Mar. 31

234
May 27 4934 May 11
107 X May
May
3
6 109
25
19
May
4
May 31

Sale

10

Mar. 15

10

May 28
May 18
May 23

14X May
9
1034 May 19
22
May 23

11

Mar. 29

1834 Jan.

10

May 18
May 23

13

22

mm

3,305

S

M

A

"34*?

L15

70

20

2134
1134
2034
834
234
8534

May 12
May
2
10X May 20

R I

a

40

10

55

45

25
55

27

Sale

15

35

26 X May 27

27

14

20

15

15

34

42

May
3334 May

5X
30

28

3X

40

33X

........

11X
15

5

16X
35X

8X
2

Sale

27 X

20

11X

16

14

Sale

28X
31
16*$ Sale
2X
3X

T* "P
9

J*, si4

3 X

21

15*$

16^

dH P
J*

In
41

23

11

13

8

18X
4X

19

10 X

5X
9

17

Sale

11

11

10

4
13

In liquidation.

12

...

.2

2X
18

2X
Sale
100

40

2X

27 X

5

l6

May
3
May
2
May 21

234 May 11

7
3

45
2

8

10

2

15
Sale

13 X

10X

5

9X
5X
2X
2X
5X Sale
2
2%

4

Sale
70

6 Second payment endorsed.

8X
4X
IX
5X

IX
16X

c

May 18
May 26
May
3
May 19
May
5

8

May 31
May 19

934 May
16
May
5
May
9
May
3134 May
2
May
12
May
10
May
434 May
9
May
4X May
2
May
534 May
IX May
1634 May
45
May

17

31*$

30

10
3
22

Mar. 28
Mar.
8
Feb. 28
Mar. 3
Jan. 19
Jan. 24
Jan. 26
Mar. 18
Jan. 19

5
9X
33 X
Sale

Sale
11X
4X
9X
Sale
2
5X
Sale
Sale
70

19
10
3
20
25
19
4
2
4
18
16
25
2
18
6
25

First payment endorsed.

.

"'v

Feb.

7

Feb.

1

27

Mar. 31

634 Jan.
4434 Jan.

21
18

Mar. 28

20

Jan.

5

5

13

14

•
May 19
334 Mar. 30

8

Jan.

2

Apr.

10

Mar. 30

12

7

May 26
May 31
May 19
234 May
7

4

2234 Apr. 22

May~18

4

25

26
18
19

:\v

21

8
10

1634
634
34
2
14
12

434
9

4%
234
534
2

17

45

May 31
May 19

May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May

28
3
13
12
13
19
13

234 Mar. 19

65

634 Feb. 17
Apr.
9

15

534 Mar. 29
234 Mar. 28
Apr. 28

60

45
2

Mar. 18

Mar.

8

634 Feb.
May
834 Feb.
434 Jan.

17
18
17
11

34 Jan.

8

29
33

934 May 19

1134
1934
634
1134
3634
334

Feb.

16

Mar. 31

4

Mar. 25

834 Apr. 26
30
2

Mar. 28
Mar. 26

12

Apr. 29

93

Mar. 30

4
18
16
10

3

Mar. 29

9

Mar. 18

4

May 16

1
5

Mar. 31
Mar. 26

1

Mar. 16

16

May
6
May 25

2
25

Feb. 28
Jan. 13

3

May 31
734 Apr. 12

21

45

4

Mar. 23
Jan. 12

1834 Jan. 26
334 Apr. 21

8

Mar.

16

2
5

Jan.

18

65

45

Jan.

1834 Jan.
634 Jan.
1034 Jan.

31

2% May 18
May 21

15

92

12
Mar. 23

28
21

10

5Vs
8X

12
12

1754 Jan. 14
3734 Jan. 21

34 Mar. 16

29
Sale

7X

20
Sale
9X
Sale
3X

65

15

50

21

May
3134 Apr.
2
88
Apr. 12

13

ip 2M

9X

17

2% May 18
May 21

May

6

10

4

Sale

16

24

65

16*$
6
8X
3X Sale

10

2X

_.»

May 19
May
2
May 13
May 12
May 25

23

17
3

3X
11*$

15

18

75

29

32 X

10X

15X
2%
65

IS
45

2X
M

29

4X
14X

9
2

25

33
10

•

5

2

25

27

7

14

5

20

Sale

com

IX

25
30

15

534 May 10
May
2

32

17X

Sale

9

11
2X

35

2

18

Sale

Drug..........*
Corp pref
100

May

May
5
3434 May 24

534 May 10
May 27

Sale

4X

16

10

Tool..

5

5X

20

31
3

Corp common.......1

29

10
25
22
12

4534 Feb. 18

15

Eng.......

& Cheat

3X

89

Bros.............

2,283 Warren Ref
1,729 Weinberger
W

10*$

5X

1,835 Upson-Walton
1
7,899 Van Dorn .ton Wks Co com.*

145

UX

3134 Jan.

68

65

20

iox

14

475 lroxel Manufacturing......]
165 Union Metals Mfg Co....... •

710 Vlchek

9

Mar.

May 27
19X May 10
1034 May 20

65
M

25
21
21

7
5
25
234 Jan.
Jan.
27
13 11134 Mar;
32
Jan.
31
1
Mar.
17

116X

60

20

Jan.
Feb.
Mar.
Jan.
Jan.
Mar.
Jan.

9734 May 28

42

Sale

May 17
Jan

8% May 31

3
112

19

1

30 X

Corp A..*

970 Selberling Rubber......._.»
714
Preferred..............100

No pax value.




"14" "51"

•

.

618 Packer Corp...............*

15

Sale

40

•

40

240
437

#

T'A
3k

1,354 Kelly Island L & T__
•
3,888 Lam son Sessions...........•
1,096 Leland Electric
»
1
1,405 1 ima Cord Sole & Heel
125 McKay Machine.._._....._*

11C
415 Ohio Brass B
108 Ohio Confection

100

24

32

20

492

8

8

~9XMay" 15

9H

45

5X
2X

Inter lake SS

Nineteen Hundred

100
25
370

22 X

75

.5

600 Ne-tleLe Mur "A"

1,540

4X Apr.
7
534 Mar. 23

3

May" 15

97*$ May 28
10 X May v 3
63
May
7
14*$ May
2

42

Sale

100

.........

2,734

90

2X

109*$ 109

65

........

700

75

Highest
Sale Prices

100

Preferred
941
328 Hanna (M A) $5 pref........*
999 Harbauer
*

75

1,261

Lowest
Sale Prices

19

4,383

355

Highest
Sale Prices

5X May

7
13*$
Sale

15

12

3

49

20

19k

50

2,940

107

Sale

107 X 109
66
79
18

598

10

143
23
45

39

18

631 Jaeger

mm

29 X

*

128 Halle Brothers

mm

5X
9X
8X

12

IX
Sale

153

*

84
Preferred
100
162 Grelf Bros Cooperage.....-*

145

mm

31

30

•

50

mm

i'4

170 c Federal Knitting Mills
486 Foote burt

95

mm

Sale

17
2

583
101X 112

1

*

11

24

120 Fostoria Pressed Steel
10 General Tire preferred
175 Great Lakes Towing...

130

6

10

7

7
8
13X
11X

60

1,790 a&Federal Knitting Mills
•

5X
5X
8X

Lowest

15

Sale

733 Faultless Rubber..

125

mm

6
11
41

480 Cleveland & Buffalo Tran..*

—

1,887

mm

5X

12

Cleveland Rys

1

Sale Prices

Ask

Ask Bid

Bid

100

599 Cleveland Builders Realty..*

1,321

10

4

...

271 Clev El 111 $4.50

RANGE SINCE JAN.

*

4,229 Cleveland Cliffs Iron pref

25

May 31___

May 31

May 2
Ask

10
10

pref 100

Preferred

1,985 Clark Controller

527

Bid

•

cum

Jan. 1 to

3

1938

Shares
851 Air-Way El Appl let 7% pf 100
1,002 Akron Brass Mf^ common
*

275

1937

—

PRICES IN MAY
Jan

STOCKS

1938

May

Price

Since

May

29,844

124,077

May 31.

AGGREGATE

Bond Sales

1937

17,237

8

Jan.
Jan.

May 19

Jan.
Feb.
May
Jan.
Jan.
Jan.
3234 Jan.
11

4
22
26

Jan.

17
10
13
15
11
17
21
4

434 Feb. 28
11
7

Jan. 14
Feb.
1

334 Apr.
8
7
Feb. 23
234 Jan.
5
20
Jan. 25
60
Jan. 29

In the earlier part
the

General

Quotations

only those dealt in

of

of this publication complete records of the dealings on the leading stock exchanges

calendar

country, for the latest month and for the

combine in

we

one

date,

year to

In this department of

furnished.

are

comprehensive whole, securities of all classes and descriptions,

not
The following is an

the exchanges, but also leading unlisted and inactive securities.

on

index to the different classes of securities
Page

quoted:
Page

'

Page

;

.

Exchange Seati.......................... 83

Joint Stock Land Bank Securities........ Ill

Railroad Stocks

Federal Land Bank Bonds...............

Mining Stocks.......................... 84

71

Real Estate Bonds

91

91

84

93

Textile Stocks

.........................

84

Utility Bonds.................... 73

Title Guarantee and Safe Deposit Stocks.

84

Stocks.................... 78
Railroad Bonds......................... 67

United States Government Securities.....

91

United States Territorial Bonds..........

91

Municipal Bonds—Domestic.............

92

Industrial Bonds........................

81

Industrial Stocks.......................

84

Public

Insurance Stocks.......................

99

Public Utility

Canadian

Investing Companies-Securities.......... 72
as

112

Real Estate Trust and Land Stocks.......

Foreign Government Bonds..............

Quotations for all securities are as near

........

.....

......

...............

possible for the closing day of the month preceding the date of issue.

flat price—that is, that the accrued interest forms part of the price, and

The letter "f" prefixed to bond prices denotes that the quotation is a

In the case of income bonds and bonds in default, the price is

therefore the purchaser does not have to provide for it separately in making payment.
always •'flat," and no designating mark is employed to indicate the fact.

Quotations for equipment bonds are based on average maturities.

Quotations for guaranteed stocks are "and dividend" that is the accrued dividend must be paid in addition to the price.
It should be borne in mind in the
cases the

use

inactive and unlisted securities sure merely nominal, but In all

of these tables that the quotations for many

figures are obtained from sources which are considered reliable.

The following abbreviations are often used, viz.: "M" for mortgage, "g"

for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬

dated, "conv" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional.
The black-faced type in the

NOTICE—All

letters showing the interest period indicates the month when the bonds mature.

bond prices

Bid

Bonds

RAILROAD BONDS

are

25

1942-J&D
Akron Canton & Youngstown—
Gen & ref 6s 1945 eries A. A&O /
Gen & ret 6 Mb 1945 sot b.A&o /

97

2d

1st cons g 5s 1943 ser

1st cons 4s 1943 ser B

77

983l

9934

41

32

33

1st mtge gu g 4s 1955
F&A
Bost & Prov deb 5s July 1 1938
Boston Rev Beach & Lynn—
1st m 4}*s Juy 15 1947—J&J15,,

1534
18 M
2034

5-yr sec notes 434s 1939--F&A
Conv g 4Mb 1960
F&A
Ref & gen 5s 1995 series A. J&D

83

Ref & gen 6s 1995 series C.J&D
Ref & gen 5s 2000 ser D—M&S

74

19

Ref & gen 5s series F

Equip 5 34s series E 1939--M&N &
Equip 5s ser P, G & H. ,41-*45 b
Ann Arbor 1st g is 1995
Q-J
Ark & Mem Ry Bridge & Term—!
1st M 5s 1964
M&S
Aroostook Nor 5s g 1947.—-A&O
Atchison Topeka & 8anta Fe—
I
Gen mtge gold 4s 1995
A&O
Adjustment 4s July 1 1995 Nov/
Stamped
........-M&N f
Conv g 4s of *09 due 1955-J&D
Conv g 4s *05 due 1955—J&D
Conv g 4s of *10 due 1960. J&D
Conv deb 434s 1948
J&D
Trans S L 1st g 4s 1958—J&
Oal-Ariz lst&ref4 3*s'62 opM&S
Rocky Mt Div 4s 1965...J&.T
Athens Term Ry 1st g 5s '37--J&J /
Atl & Birin.
See Seab'd Air Line
Atlanta & Charlotte Air Line—
lit M4H
1944 ser A
J&J
lot M 5s 1944 ser B
J&J
Atlanta Knoxville & Northern—_
lit mtge gold 5s 1946—..J&D
lit cons 4i Mar 1 2002...M&S
Atlanta. Terminal 6s 1939
F&A
Atlantic City 1st 4s 1951...J&J
1st 5s axt May 1 1954-.—M&N
Atlantic Coast Line RR—
lit com 4s July 1 1952—M&S
Conv deb 4s 1939 op '16—M&N
Gen unifier A 4Mb 1964..J&D
10-yr coll tr 5s May 1 '45.M&N
Lou & Naihv 4s Oct 1 "62-M&N
Equipment trust 4 He...
Eq 4Mb 1939-41 E (yr)—_F&A b
Atlantic Coast Line (Conn)—

1934

60 H

50%

Refund gold 4s 1941
8 W Div 1st 5s 1950

4.00%
4.25%
253*

1

103 34

10534
101

9634
30

107

101

10434

1013*

102

104

103
104

........

35

mm

M

M.

M&N

i

1

mm

mm

60"
53

48
—

9434
101
70
102

Equip tr 23*s 1938-1947—M&S

2.50

2.00%

10534

_

irm Term 1st g 4s
luff Point Land &

82

1957 gu.M&S
Imp 1st 4s '40

3.00%
'mm'immm

!-

60

m.

mm

m.

m.

mm

mm

'
'

75
78

Boonvllle St L & Sou 5s '51-F&A /
Boston & Albany 5s Oct '63-.J&J
5s July

1

»tn
2.75

2.00%
2.00%
90

Atlantic Coast Line of S O—
88

94

1944

119

1183*
98
98

M&N

10234

7-year guar 2i 1943
F&A
4-year guar 2s 1942
J&J
17-year guar 3s 1953—P&A
Eq tr 434i 1938 1942 (gu) M&N
Eq tr 434* 1938 45 (ann).J&D
Equipment trust 5i
Canadian Nor deb 6 34s *46--J&J
Canadian N W 4Mb Oct 22 1943

100

99

2.50%
2.50%
2.50%
124H
9634

3.25

—

783*

20-yr coll tr

63

95
97

60

26

63
32

Coll tr 5s 1954
J&D
S f 434s Dec 15 1944—J&D 15
Coll tr 434s I960-.—
J&J

26

32

Conv coll tr 6s 1942

26

32

15-yr

26

32
32

26

32

26

32

5s Jan 1943
5s May 1940

26

32

26

32

253*
253*

30

......

-

1st

m

5b 1967

m

1st

m

434s 1961

M&S

4s 1955 ser 2

ser

AO

ser

M&N

A&O

JJ

20

Equip trust 3 Mb Dec 1 1938-44 b 4.50

k Lait sale.

n

Nominal.

99

98

3.25

63

—

99

10334
1013*

993*

60

—

119

3.25

60

—

26

/This price include! accrued interest.

3s

119
116

Cons deben 4s

—

5s May 1943......
5s March 1942..........

5s June 1945
fw Jan 1946

1st

85

mm

Guaranteed

117

70

90

53

88

11434
11434
11434

100
65

86

70

9434

J&J

1938

334s Jan 1 1951
J&J
Ref 3 Hi 1952 gu N Y C-A&O
Boston & Maine (new) 5s Sept '41
4s-5e April 1947———..
5s April 1944

9234
5634

92

90

71"

73

102

74

67

713*
9134
5134

534

J&J
F&A
Canada Atl Ry 1st 4s 1955--J&J
Canada South 5s 1962 ser A.A&O
Canadian National Rys—
434a guar 1957....
J&J
434b guar 1951...
M&S
434s guar 1956—
-F&A
43is guar 1955
J&D 15
40-yr 5s guar 1970-.—-F&A
5s guar July 1 1969
—J&J
5s guar Oct 1 1969
A&O
5s guar 1954
...F&A
16-year guar 3s 1950
J&D
13-year guar 3s 1950
J&D

85

4 Mb impt 1978
F&A
1st mtge 434s ser A 1943—A&O

98

8

Certificates of deposit
Cambria & Clearfield—
1st 5s g 1941
Gen M g 4s 1955—

70

166"'

95

30

J&D

5s June 1942

105

10

2234

.....—

75

—

Equip trust 3 Mb Dec. 1 1938-46 b 4.00

57

83

3134
2634

10634

10

J&J

30

103

913*
1053*
1013*
9834

55

J&J

23

893*
9034

1st ref 5s 1961

J&J

1st ref gold 4s 1939

20

5

1st 4s Dec 30 1963
J&J
Burl Cedar Rapids & North—
Con 1st & coll tr 5s g '34..A&O

'39--F&A

9034
80

_

35

Beech Crk Ext 334* 1951—A&O
welt RR & Stk Yds (Indplls)—

80

24

85

33

Battle Cr & Sturgis gu 3s '89-J&D
Bay City & Battle Crk 3s '89 J&D
Bedford Belt 1st 5s 1938
J&J

104

3.75%
3.75%

15

Buffalo Rochester & Pittsburgh—
Con g 4Mb 1957
M&N
Buff & Susquehanna RR Corp—

Washburn Ext 1st 5s

Ask

84

J&J

6.50%
6.50%

Bangor & Aroostook—
1st M 5s g Jan 1 1943..
J&J
Cons refund g 4s 1951..
J&J
4s stamped 1951
Plscat Div g 5s Jan 1943—A&O
St Johns Riv Ext gu 5s '39.F&A
Van Bur Ext 5s g Jan '43.A&0

60

103 3*
77
1
7aw:

4s1950
Buffalo Creek 1st 5s 1941

Toledo & Gin Div 4s 1959-J&J

18 J*
1053*

23

19

Pittsb Lake Erie & W Va—

30

5.00
5.10

21

18

•J5*
90

Gen mtge ext 6s 1938—J&J15/
Boston Term Co 334s 1947—F&A

16

1834
1996.M&S
Eq tr 434s 1938-40 (yr)_..M&N b 7.50
Eq tr 434s '39-'41 C (yr)—F&A b 7.50

M&N

,

Boston & N Y Air Line—

3934
4234

A&O

3

10

Bid

(cont.)—
Eq 434s 1939-1943 (yr)_—A&O b 4.50
h 4.50
Equipment trust 5s
Boston & Maine (old)—
4s Aug 1942
20
F&A
3s July 1950
J&J
17
new

70

A&O

1st M 4s g July 1 1948
1st M 5s July 1 1948

1023*

—_




41

36
101

Baltimore & Ohio—

_

5Basis

Boston & Maine

1834

&

'40-A&O

6s 1947—A&O

1st mtge gtd g 5s 1941
J&J
Augusta Union Sta 4s 1953--J&J

31

'

A...J&D
J&D

J&

1948
gu g

23

Austin & NorthwesternT—

31

26
26

Alabama Tennessee & Northern—
Prior lien 6s 1948
J&J/
8
Gen income 6s Oct 1948—J&J /
2
Alabama & Vicksburg Ry—
1st M g 5s 1974 s riec A..M&N
78
Albany & Susq 3 His g 1946—A&O
Alleghany Corp—
Coll tr conv 5s 1944
F&A
60
Coll & conv 5s 1949
J&D
50
Coll & conv 5s 1950——..A&O /
5s btamped 1950
A&O /
17 )*
Allegheny Valgen 4s 1942—M&S
10434
Allegheny & Western—
I
1st mtgt guar 4s 1998-—A&O
American Refrig Transit—
1

Irred ctfs of indebt fia

4s

Aug Term 1st

_

_

g

Atlantic & Yadkin gu 4s

70

Bonds

Ask

22

J&J
J&J

Atl & Danville 1st 4s 1948

Akron & Barb Belt * 4s

Alabama Great Southern—

Bid

Bonds

Ask

_

Aberdeen &Asheboro 1st 6s'40J&J /
Adirondack 1st 434s 1942 gu MAS

!

"and interest" except where marked "f" and income and defaulted bonds.

123K
95

Canadian Pacific—

perpetual.-J&J
4Mb 1946
M&S

101

9334
893*
893*
953*
1113*

conv

27

Oaro Clinch & Ohio 5s 1938. J&D
1st cons 6s 1952 ser A..J&D 15

2534
3.50%

Carthage & Adirondack—
lit mtge guar g 4s 1981...J&D

99

97

9134

M&S

colltr 4s 1949—J&J
Conv coll tr 334s 1951...F&A
Conv coll trust 3s 1945--.A&O
Coll trust 2 34s 1941
A&O
Eq tr 5s 1944
J&J
Eq tr 434s 1938-1945s-a..J&D
Oaro Cent 1st g gu 4s 1949--J&J

in

3.00
'

3634

923*
103
94
90 s90

95

»

11234
2.50%
40

100

100
35

1003*
43

68

RAILROAD

BONDS

NOTICE—All bond prices are "and interest" except where marked "f" and Income and defaulted bonds
Quotations for all securities are as near as possible for the closing day o the month preceding the date of issue

Bonds

Bid

Bonds

Ask

Catawissa RR g 4s 1948
A&O
Cent Ark & East 1st 5s 1940-J&J
Cent Br Un Pac 1st g 4s

Bid

65

35""

59

Chic Terre Haute & Southeast—
1st & ref g 5s Dec 1 '60 opt J&I

45

50

Inc mtge 5s Dec 1 I960...M&S

35

38

Div 1st 4s

Mem

Ref & gen 5s 1959 ser O—A&O
Eq tr 4Mb *39-*40 ser P<yr)M&S
Eq tr 4Mb "SS-^OserQiyrjM&n
Eq tr 5s 1938 fyrly)——-J&D

J&I

1951

10454

Erie &

Mid Ga & Atl 1st 5s 1947.-J&J

Choctaw Oklahoma & Gulf—
Consol gold 5s 1952
M&

r/

Central Pacific—
1st ref 4s g guar 1949
F&A
1st g guar 48 Oct 11954—A&O

10

18

55

65

4.50%

28

34

Cincinnati Hamilton & Dayton-

ZSH
70

41

44

52

58

1025*
95

M&N /
1942—M&N /

Grain Elev 1st 4s 1938.

...

53

112 J

65

935
91J1005
1005
10054
10054
101
101

Cleveland & Pittsburgh—

1055*
10554

1.75

Cleveland Terminal & Valle;
1st 4s gold guar 1995

1st

106

f

37

554s 1972 series A—i
f 5s 1973 series B—J

73

s

RR—

Coal Rfv Ry 1st 4s gu 1945.*

16"

•1654

General mtge 454s 1980—M&N
_jl & Pt Deposit 4s 1940—"" *
Columbus & Hocking Valley-

2.75
105

2.00%

Colorado & Southern—

18H

5

87
80
76

77

f 454s 1977 series O—i
b

106"

33*54

3454

104

85 J4

104

75

10654

8154
8654
9254

92

10554
10954

28
60

2.00%

100
32

22

Connecting Ry iPhila)—
10 H

11

9 54

11

52

165*
6.50
86 5*

106

1st 5s

1951.

1754
5.75%
.

Copper Range RR 1st 5s '49-A&0
Cuban Nor Rys 1st 554s, '42 J"
Cuba RR 1st g 5s 1952
i

93

16"

1054
1054
1054
1054

115*

30"

50

954

91

49

1015*
1015*

10254
104

34

55

50

51

554

554

5

6

80

90

67

69

1454

35

454S '52 opt—M&N

2 54

1754

/

154

254

Certificates of deposit.. /
Fort Dodge Des Moines & Sou—
1st 5s 1938
J&D /
Fort St Un Dep Det 4Mb '41 J&J

154
354
85

Galveston Houston & Henderson
1st lien & ref M 554s 1938-A&0

96

9954

3754
1454
10

48""

18

20

1st

con

454s 1982

Proof of claim filed

-

.

Georgia Carolina & Nor—
Ext at 6 % to July 1 1934
Georgia & Florida RR— '

/

1st M 6s 1946 series A

M&N

4s Jan 1

1947
Ga Sou & Fla 1st g 5s 1945
Deb 5s 1952

2

454
100

,

/

Galveston Term 6s 1938....M&S
Genesee River 6s 1957
J&J /
Ga & Ala 5s Oct 1945
...J&J /
Ga & Ala Term 1st g 5s 1948.J&D /

4

,

J&J

I3"

5

95
30

J&J

454

38""

35

15

A&O

Eq tr 4 54s 1938-1939 s-a. -M &N
Girard Point St'ge 354s '40—A&O
Goshen & Deckert'n 1st 554s 1978 /
2nd ext 6s 1979
M&N/
Gouv & Osw 1st 58 g 1942...J&D
Gr R & Ind 1st 454s 1941
J&J
1st 354s 1941
J&J

1054
1254

/

5

Delaware & Hudson—

35*

7

100

|

"3M

'96

1st & ref gold 4s 1943
M&N
Delaware Lackawanna & Western

13

15

31

2954
25

1

25

5.50

4.50%

102

Gen Income 5s Aug '55
F&A
Assented subject to plan

102'

105

Ref & impt 5s 1978 ser B..A&0
Eq tr 454s 1938-'42 <yr)..M&N
Equipment trust 5s
Equipment trust 554s

10254

10554
10354

325*

4.00%

Chicago Lake Shore & Eastern

| P
b

6.00

b

6.00

5
8

5.00%
5.00%
5.00%

Denver & Rio Grande—

20

30

854

4s. 1936
J&J
1st con g 454s 1930
..J&J
Denver & Salt Lake Ry—
Inc mtge 6s Jan 1 I960.An Apr f
1st 4s 1950
J&J
Des Moines & Fort Dodge—
Ctfs of dep for gtd 4s 1935. J&J
Des Plaines Val 454s 1947..M&S

954

8 54

1st

854
354

254
23

24^

18

2254
2354
2354

22

23
22

7.00
7.00
7.00

7.00

7.00

1354

M&N

14 54

Stmpd non-pay Fed lnc tax..
Gen M 5s *87 stpd lnc tax_M&N

1454
17 54

GenM45*s'87 stpd inc taxM&N
1454
GenM454s'87 stpd InctaxM&N /
16
15-year 654s Mar 1936-.M&S
1st & ref 5b May 2037
J&D
1st & ref 454s May 2037—J&D
1st & ref 4Kb May 2037 O J&D
Conv g45*s 1949 ser A—_M&N
454
7.00
Eq 5s 1938 O «yr)
J&D
7.00
Eq 454s '38-'42iyr)ser A.M&N
Chic R I & PacRy—
General gold 4s 1988
J&J
Certificates of deposit
Ref g 4s 1934 opt to 1911.. A&O
Certificates of deposit
Sec 454s 1952 ser A
VB wrv M&S
554
Sec 454 ser A certifofdep.
554
30-yr conv 4Mb 1960.
M&N
354
Trustee ctfe 354s 1947—
83
.

h

p

6.55%
6.00%
6.00%
6.00%
6.00%

con

g

i i°iH

Det & Mack 1st lien 4s 1995-J&D

2nd Mort.gold4s 1 995
Detroit Term & Tunnel—

J&D

11
14

47

97

98

1 1964

95

J&J

99

Detroit & Toledo Shore Line—
1st gold guar 4s 1953
J&J

104

Dext & Piscataquis 454s *49. .J&J
Duiuth Missabe & Iron Range—

454
80
45
37

9654
——

106

55

1st mortgage 354s 1962—.A&0

East Penn

995*

155*
70

195*

1st 4s 1958

M&S

103

East Tenn & Western N O-—

1st extended 5s 1965-

M&N

70

East Tenn Va & Georgia—
Consol 1st g 5s 1956
M&N
Eastern Ry of Minnesota—
Nor Div 1st g 4s 1948

Elgin Jol & East 5s 1941...M&N
Elmlra & Williamsport—
1st 6s 1910 ext at 4% 1950. J&J
Income 5s 2862
A&O
El Paso & R I 1st gu 5s 1951-J&J
El Paso & Southwestern RR—
1st & ref 5s 1965—...—A&O

/ This price Includes accrued Interest,

stamped 1965—.....

k Last sale,

n

Nominal.

95"

110

111

83

85

4.50

3.25y0

70

1st & ref g 454s '61 opt *41-J&J
Gen M 554s 1952 serH_...J&J
Gen M 5s 1973 ser O
J&J
Gen 454s 1976 series D
J&J

87

Gen 454s 1977 series E
J&J
Gen mtge 4s ser G 1940....J&J

6954

64""
83

77

6354
2.50

tr 2s 1939-1947
M&S
tr 4548 1938-1939
M&S
tr 454s 1938-1940 D»yr) J&J
tr 5s 1938« yr)
M&S

1.75
2.00

1.50

Express—
Eq 5a J'ne lo'38-'39 <yr)J&D b 2.00
Eq tr 454s 1938-1940..J&D & 2.25

Greenbrier Cheat & Elk—
1st 5s 1944

1.25%

1.75%

J&J

75

W Va Midland Ext 5s '64.J&J
Greenbr Ry 1st g gu 4s '40-M&N

104

105

45
8

60

5254
6

56

60
61

80

Green Bay & Western—
Debenture ctfs A Feb
Debenture ctfs B Feb

...

Guantanamo & Western—
1st M 08 1958 series A

72

/
/

J&J /

Guayaquil & Quito 1st 5s *32 J&J2 /
Gulf Mobile & Northern—
1st 554s 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
Stmpd 1 July 1 1933 cpn on).
Gulf Terminal of Mobile—
1st mtge g 4s 1957 gu

J&J

R & Portch—See N Y N
Harris Ports Mt Joy & Lane RR
Ext 4s 1943
J&J
Harl

4s 1951 guar

5s 1937..
Hudson & Manhattan—
1st gold 5s 1957 opt
con

gold 4s 1951
1st gold 354s 1951

64

85

107
35

45*

1105*

112

1.75

1.25

92

J&J
A&O

30

94

20

M&N

F&A

Adj inc up to 5% Feb '57.A&0 f
1st M 454s 1957 conv
F&A
Huntington & Broad Top Mt
RR & Coal extend 6s 1940 A&O

1st

47

16
47

1654

54
80

Main L ext 1st g 354s
1st g 3s sterling 1951

Coll trust gold 4s 1952
A&O
Col tr L N O & T g 4s '53.M&N
Ref mtge 5s 1955
-M&N

39

Ref g 4s 1955 opt 1918—M&N
Pur liens 1st g 354s 1952—J&J

4054

108
104
104
70
45
45

80"
7954
9554

'51-A&O

„

3554

455*

A&O

J&J
..J&J

.

10154

...

8

45
H & Ha rtford"

M&N
Hocking Valley Ry—
1st cons gold 454s 1999
J&J
Eq tr 5s 1938-1939 (yr).—J&J
Holidaysburg Bedford & Oumb
1st M g

9

104

9854

92
99

92

—

Extended 5s 1940
Illinois Central—

75

A&O

Edmonton Dun vegan & British
Columbia Ry 454s 1944-_A&0

5s

97

J&J
Eq tr 5s Dec 14 1938-'43 <yr)
Grays Pt Term g 5s 1947
J&D

Holyoke& West45*s 1951

995*
/
/

75
100

995*

Grand Trunk Western—
1st g gu 4s $ July 1 1950

Housatonic

Duiuth South Shore & Atlantic—
1st gold 5s 1937
J&J
Dutchess Co RR 4Mb 1940..J&D

85

102

.9954
9054

J&J

Hoboken Ferry 5s 1946

1st guar 4 Hs 1961
M&N
Detroit Toledo & Ironton—
1st 5s Mar

V

45

urn
ff ::::

25

25
104
65

1959...

(Mountain and Prairie)4s 1955
(Lake Superior) 4s 1955
1st 4s Feb 25 '39 Alb gu__M&N
1st 4s Feb 15 '42 Alb gu—M&N
Gen 4s 1962 Can Govt gu
J&J

99"

6

I 6.So«

25

Western Fruit

315*

Equip trust 4s Apr 1 1939-'49— b 5.00

Grand River
Valley 1st 4s
Grand Trunk Pacific—
1st M 3s 1962...

Eq
Eq
Eq
Eq

4254

13

9 54

99

A&O

91

88

Gen mtge 4s ser H 1946
J&J
Gen mtge 3 54s ser 11967— J&J

Denver & Rio Grande Western-

Chicago Milwaukee & St Paul—
Gen g 4s A May 1 1989
J&J
Gen g 354s B May 1 1989.J&J
Gen I Ms May '89 series O. J&J
Gen 454s May '89 ser E
J&J
Gen M 4 5*s May *89 Ser F J&J
Equip trust 35*s 1939-'53A&0
Eq 454s '38-'43 E & F iyr)_J&J
JEq4Hs *38-*41 G & H iyr) J&J
Eq tr 5s *38-'40 ser B iyr)_F&A
Eq tr 554® 1938
A&O
Chicago & North Western—
Gen M 3 54s g 1987
M&N

88

s-a).-M&S

49

36

68

60

F&A

ref

91

39

J&J

33"

3154
46

f

A&O
A&O

cons

12

91

88

Great Northern—

114

/
/
/

100
72

65

1st M 454s 1969 opt 1919.J&D
Chic Memp & Gulf 5s 1940—J&J
Chic Milw & Gary 1st 5s '48. A&O
Chic Milw St Paul & Pac RR—




s

Olinchfield

Ry & Un Stk Vds

ft waais.

*

113'

2.50

1955(w-s)._

•

s

1st M
1st

Monon Coal—

Gen M gold 4s 1987

1015*
925*

Cleveland Union Terminals—

108

Equip tr 4Mb "A" 1945—A&O
Chicago & Illinois Midland Ry—
1st mtge s i 454s ser A *50 M&S
Chicago Indiana & Southern Ry—
Con mtge g 4s 1956 guar—J&J
Chicago lndianap & Louisville—
Ref M g 6s 1947 series A
J&J
Ref M g 5s 1947 series B
J&J
Ref M g 4s 1947 series C
J&J
1st & gen 5s 1966 series A.M&N
1st & gen 6s May '66 ser B_J&J

Conv adj 5s Jan 2000

98

Gen & ref 4 54s 1981 ser B.
,leve Short L 454s 1961

2.00
1.00

115
88

Certificates of deposit
354
/
6
Georgia Fla & Ala 1st 6s '52.F&A
Georgia Midland 1st g 3s '46.A&0
Ga RK & Bkg ref 6s 1951
106"*
A&O

•10354
1025*

Ser D 354s gen gtd 1950Gen & ref 4Mb 1977 ser A

10154

1

16

,

Chic Great West 1st 4s 1959.M&S

50-yr 5s 1975 series A

10754

103

2.00

105
105

Eq tr 2 Mb 1938-47
A&O
Chicago & Eastern 111 «new co)—
Gen M 5s May 1951
M&N
Certificates of deposit
Chicago & Eastern Illinois—
1st consol 6s gold 1934—A&O
Chicago & Erie 5s 1st g '82__M&N

Coll trust ref 4s 1940

69

1045*
9554

"III

10054

J&J

1st & ref g 5s 1971 ser A..F&A
Illinois Div 354 s *49 op '29.J&J
4s July 1 1949
J&J

Coll tr ref 5s 1940

4854

97

104

1035*

99 5
99 5

Chicago & Alton RR—
Refunding g 3s 1949
A&O
Chicago Burlington & Quincy—
Gen M 4s 1958
M&S
1st & ref 45t»s ser B 1977.-F&A

Chic June

70

61

108

99

A&O

Chic Indianapolis & St Louis—
Short Line 1st 4s 1953
A&O
Chic June RR 1st 4s 1945—M&S

55^8

H

/

75

_

41""

995

R & A Div 1st con g 4s '89. J&J
2d con g 4s 1989.
J&J
Warm Spr Val 1st 5s g *41-M&S
Ohesterf & Lancaster 5s '55. F&A

Non-cuminc 5

>

103

8554

If*

Paint Creek Br 4s 1945—F&A
Potts Creek 4s 1946

4s 1940—F&

98."

notes. 1946
-J&J
995
Equip tr 2s 1939-1947
M&S & 2.40
Eq tr 25*s 1938-1946
J&D b 2.30
Eq tr 3s, 1938-1950
A&O b 2.75
Eq tr 454s ,38-*40 (yr)...A&0
1.75
Craig Valley 1st 5s g 1940.J&J
105

j

cons guar g

Clev Cine Chic & St Louis—

3.50%

-

.mpt 3 Mb ser E 1996 F&A
notes, 1940
—J&J
notes. 1941—
J&J
notes, 1942
J&J
notes, 1943
J&J
notes, 1944
J&J
notes, 1945
J&J

30

Cleveland Akron & Columbus—
1st

12

Proof of claim filed

106 54

Amended
,

125*

Florida Southern gu 4s 1945.J&J
Florida West Sh 5s 1934
J&J /
Fonda Johnstown & Gloversv—
Gen ref gold 4s 1950
J&J /

Clearfield & Mahoning-

60

50

17

Florida East Coast 454s '59.J&D
1st & ref 5s 1974
M&S
Certificates of deposit

1st

1085*
1055*

85
Central Vermont Ky—
Eq tr 5s Dec 14 1938 *44 «yr)-- 5 4.75
Char & W Carolina 5s 1940. A&O
82 54
Chatt Rome & Sou 1st 5s *47 J&J f
35

Ref &

95

Cincinnati Union Term Co—.

___

Central RR of South Carolina—
1st ref 6s 1938-1970
J-

Chattanooga Sta 4s 1957 gu.-J&J
Chesapeake & Ohio—
1st cons g 5s 1939
M&N
General 454s gold 1992—M&S
Ref & imtp 354s D 1990-M&N

9754

90

Central RR & Banking of Ga—

14
14

M&N

f 6s 195
Pittsburgh—
s

16

A&O
A&O

Gen gu g 354s ser B 1940—J&J

2054

75

F&A
European loan 4s 46 -—M&S /

Coll tr 5s ext'd to

Jersey

Eq 454s *39-'41 H

Guar g 5s 1900

14

3 54s series C 1940
J&J
Florida Central & Peninsula—
1st cons 5s gold 1943
J&J

25

Eq tr 454s 1938-'41 (yr)..F&A & 5.25

42
23

Erie &

18

J&J

20

87

24

225*

_

39

2654

85

8054

f/

Central of New Jersey—
Gen M (now 1st) g 5s 1987-J&J

J&J

Ref & impt M 5s 1975
A&O
Eq 454s 39-'41 LL (s-a)—M&S
Eq tr 454s 1938-'43 (s-a)..M&S
Equipment trust 5s
Equipment trust

10554
1055*
10554
10154

10554
10254
10054

1st mtge35*sser E 1963..
Guaranteed 354s 1951...;
Chicago & Western Indiana-

Mobile Div g 5s 1946
J&J
Oconee Div 1st 5s 1945
J&D
Cent New Eng 1st gu 4sl961 J&J

Ask

J&J
A&O

Conv gold 4s 1953 ser A
Series B 1953
Series D 1953—
Ref & imp M 5s 1967

Chicago Union Station—

Chatt Div gold 4s 1951—J&O
Macon & Nor g 5s 1940—J&J

Bid

Prior lien gold 4s 1996
Gen lien gold 4s, 1996

70

60J*

'48—J&D

Gen M 4s 1987

Bonds
Erie-

'

Central of Georgia—
lit M g 58 Nov 1 1945—v?&A
Cons gold 5s 1945
M&N f
Ref & gen 5 54s 1959 ser B.A&O

Colltrg 5s 1937

Ask

Chicago St Louis & N

7254

M&S

3254

JtlstrefM (IO&OSL&
N O) 5s 1963 ser A
34
J&D
Series O 454s 1963
295*
J&D
40-year 4J*s Aug 1 1960.F&A
2854
Eq tr 454s 1938-1939 K..F&A & 5.00
Eq tr 454s 1938-1940 L..A&O& 5.00
Bq tr 454s '38-'41 M (s-a).M&N b 5.00

;

69

RAILROAD BONDS

JUNE, 1938]

NOTICE—All bond prices are "and interest" except where marked "f" and Income and defaulted bonds
Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue

Bonds

Bid

Bid

Bonds

Ask

Bid

Bonds

Ask

■

Illinois Central—(Concluded)

[aeon Dublin &

Eq tr 4M« 1938-41 Ser N.A&O
Eq tr 3s ser R1938-1952..M&S
Carlo Bridge 4s g 1950--J&D
Litch Div 1st g 3s 1951
J&J
Loulsv Div 3Ms g 1953—J&J

b

5.00

b

5.00
65
63
40

Omaha Div 1st 3s g 1951—F&A
St Louis Div 3 Ms g 1951--J&J
St Louis Div 3s g 1951
J&J

43""

Sp'field Div ext 3Ha 1951 J&J
Western lines g 4s 1951.. F&A
Indiana Bloomington & Western—
1st ext 4s 1940A&O
Indiana Harbor Belt RR—
Genl mtge 4s 1957
Gen mtge 4 Ms 1957
Indiana Illinois & Iowa—

1st gold

4.25%
4.25%
84

IVi

1st mtge & coll 4s ser A.45 J&D
Conv gen 4 Ms ser A 1960-J&D
Secured 6s 1959 1st ser..J&J
b

1959

43

April 1914

4.00%

J&J
J&J

"103
109

gu—-.M&N

A*

13 M

33

29

34

30

35

113

15

72

iuidiuouuum

4s Asst(cash warr &
[ichigan Central---

16 X

xtH
14

4.50%
74

76
77

83

55

65

7M

2H

ig

/

3

5

Ref &

5%

coup)-1977

impt 4Hs 1979 ser

63

69%

60

O. J&J

Jackson Lansing & Saginaw
1st 3 Ms Sept 1 1951—-M&S
1st 5s Kal & S H1939--M&N
1st Mtge M Air L 4s 1940—J&J
1st g 4s Jol & N Ind 1957-J&J10
1st gold 3%s 1952-——--M&N
Middlesex Val 1st 5s 1942—M&N
Midi RR 4% franc bonds

88
99

95
70
60

91

15%

17%

15 H
55

17 H
57

30
35

(Foreign series) 1960——-J&D /
of N
J 1st 6s 1910

41"

Midland

1940-----—A&O
Midland Valley—5s 1943—A&O
Adj M Apr 1 *53 ser A
Sept
Adj 5s series B 1953 Sept
Milwaukee & Northern—

20

95

July 1 1907

40
60

Joplin Union Depot Co—
1st g 4Ms 1940 guar opt.M&T^

104 M
104

J&E

'38—J&.

loo""

51

mmm

98 M

—

100

95
102
67 H

m

99

Certificates of deposit..—..

f
/
/
/

b

b

23M
17M
60
60
61M
46 M
2.00
3.50
105 M

26
21

Secured notes

69""
60

1.00%
2.50%
106 M

75
100

105""

Kentucky & Indiana Term RR

E°5H

accr int at rate 4.8665—
Plain 1961—
—J&"
1st mtge 4Ms ungar 1961
Lake Erie & Western RR—

Stmpd

56""
50

HZ

65

87

50

89%

Lake Shore & Mich South86

5s

89""
47

Lehigh Valley—
70
62

45

48

16

16M
19M

8*
23 M

43

Prior lien 5s

45

5s small 1945
Gen M g 4s 1945

107

39%
110

4s small

Lincoln Park & Charlotte-

98

/

65

Long Island-

m*

m.

m.

—

70M
b 4.25

41M
71M
3.50%

Louisiana & North West.RR—

20

22

105

/

107
105

Louis ville & Nashville—

100M
87
77
71

354 s ser E 2003.
b

71
1.75

101M

100%
90
82 M
96

73

73
23

38
42 M

37
—

—

-

-

3.50%
62 H

16%

17 H

1.00%
102 M
105

16%
13 %

17
16 H

18*
18*

17%

South East & St Louis Div-

89M

15
4

6%

5.50
5.50
60

i

103

/ Price Includes accrued Interest,

3 Ms 1959—
N Y Cent equip trusts—
5s 1938-1939

3mi

k Last sale

n

Nominal.

on

1977

95

3.00
3.00
3.75
3.75

Chicago & St Louis—
3 Ms extend 1947——A&O
3-year 6s Oct 11938
Ref 5 Ms 1974 ser A.
.A&O
Ref 4Ms 1978 ser O.
M&S
10-yr coil tr 4s 1946—
F&A
Equip tr 4 Ms 1938-*44 (yr)F&A
Equip tr 5s 1938 (yr)
.F&A
Equip trust 3s July J 1938-'51
New York Connecting RR—
1st M 4M8 1053 series A—F&A
1st guar 5s 1953 series B
F&A

IW

40

33
59
5.75

5.75
5.75

.

102%
106

M&N

70

M&S
3d mtge 4 Ms 1938
M&S
N Y & Greenwood Lake
Guar g 5s 1940
;—..M&N
N Y & Har 1st g 3 Ms 2000—M&N
N Y & Hob Fy 5s May '40
J&D
N Y Lack & Western—
1st & ref 4s ser A 1973—M&N
1st & ref 4Ms 1973 ser B..M&N
New York & Long Branch—
General gold 4s 1941
...M&S
General 1st 5s 1941
—M&S
NY & NE Bos Ter 4s 1939.-A&O

60

60
16

88

30

63

85

Deb
Deb
Deb
Deb
Deb
Deb

50

6s Jan 15 '48 conv—J&J15 /
4s May
4s July

65

60

45

12
—

20 M
13 M
4.25

5.75
5.75

Prior lien ext 4%s,

9

1950..M&S/

93

93
13 %

NT Y & Stamford 4s 1958

50

99

86 M
80
50
101

32

M&N

N Y Susq & Western—
1st refunding 5s 1937—-J&J
101

115

125
25

97
57
44

36
62

2.50%

6

3H
96 M
90

1st & ref g 5s *61 opt '15—F&A /
Certificates of deposit.——/
Norf & South 1st 5s 1941.M&N /
1st gen g 5s 1954 opt
J&J
Norfolk Term 1st gu 4s 1961M&N
Norf Term & Transp 5s '48F&A
Norf & W Ry 1st con 4s '90.A&O

2

1%

lH
40

/

Norrist'n & Maine 1st 4s '52 M&S
Northern Central—
Gen & ref 5s 1974 ser A—M&S
Gen & ref g 4Hs ser A '74.M&S
Northern Ohio Ry 1st guar 5s—

i S
1H

;

2d mtge 4 Ms 1937——F&A
Gen mtge. 5s g 1940.....F&A
Term 1st g 5s 1943
-M&N
NT Y Westchester & Bos Ry—
1st M g 4Mb 1946 guar—J&J
Nord Ry s f 6 Ms 1950—
A&O
Norfolk & Car 1st 5s 1939—.A&O
2nd
5s 1946
J&J
Norfolk Southern—-

80
25

45
3.25

il^

N Y Phil & Norf—1st g 4s *39 J&J
Income 4s Jan 1 1939
M&N
Stock trust ctfs 4s 1948.—J&D
N YProv & Bos 4s 1942
A&O
N1 & Putnam 1st 4s g 1993.A&O
ST Y Short Line 4s 1957.—F&A

9%

56
38

7M
5M

__

6.00

1

6

12

48 1956 non-conv—.M&N
4s 1947 non-conv...M&S f

Mew York Ontario & Western—
Ref 1st g 4s June 1992..—M&S f
Gen M g 4s 1955 red
J&D /
N Y Pennsylvania & Ohio—

32

f

14

M&N *

11957.

1 '55 non-conv J&J

b 5.75
55
Har Riv & Pt Ches 4s '54 M&N /
N Y & N J Ferry 5s 1946
30
J&J

38

scrip receipt No 4 on 1957
Gtd gen s f 4s (Apr '14 coup on)
April 1914 coupon off 1977.
scrip receipt No 5

J&D

Equipment trust 5s..

Assent cash warrant and

100""

W

3Ms 1998——F&A
F&A
Spuyten Duyvil & Pt Morris—

3M« March 1947
M&S
1954 non-conv..A&O
Deb 3Ms 1956 conv—...J&J
15-year secured 6s 1940—.A&O
1st & ref 4Ms 1967
J&D
Equip tr 3s 1939-51
-M&S
Equip tr 4Mb Sept 151938 to
Mar 15 1945 (s.-a.)—M&_S15
Equipttr 4M« '38-'40 (yr).J&J

1957

Assent cash warrant and

81
109 M

77

Deb 3Ms

17

...M&S

July 1914 coupon on 1957—
July 1914 coupon off 1957—

64

56M

N Y New Haven & Hartford

15

1st mtge 4s ser A 1960...M&N
Monongahela Sou 5s 1955
A&O
Genoa 1955
A&O
Montana Wyoming & Southern—
1st mtge gold 5s 1939...-M&S
Montauk Ext 1st 5s 1945....J&J
Montgomery & Erie 1st 5s 1956-Montour RR 1st 5s 1963—.F&A
Morris & Essex 3 Ha 2000...J&D
Constr'n 5s 1955 ser A
M&N
Constr'n 4Ha 1955 ser B.M&N
Nashville Chattanooga & St L—
1st M 4s 1978 ser A.
F&A
Eq tr 2 Ms 1939-1952
M&S
National Rys of Mexico—
Prior lien 4Ms—
Jan 1914 coupon on

f 1946—A&O

3 Ms conv secured 1952
M&N
New York Central & Hud RIvRef g 3 Ms July 1 1997—J&J
Deb 4s 1942 tax-exempt—J&J
Ref & ref 4 Ms ser A 2013—A&O

1st 4s ext g 1947......
2d ext 5s 1939-

2.00% Monongahela Ry Co—

4.50
39 M

80

s

52 M

New York & Erie RR—

52

1st guar g 4s 1991
M&S
Oonsol gold 3Ha 2002
.M&S
Monon Coal—See Chic Ind & Lou

3.25%

'

1st M gold 5s 1935
A&
Louisville Henderson & St Louis-

12%
4.25

3.00%

Mohawk & Malone—

b

Equip trust 3%a to 1946—A&

b

—M&S
M&S

79"

75
6 3.50

Louisiana & Ark 5s A 1969—J&

"4%
4

..J&J
J&J
—J&J
—J&J

86%
100
75

43 M
48

1st

69

96
4.00

Eq tr 4s 1939-43
M&S
Eq 4Ha 193*-42 (yr)...J&J15
Eq tr 58 1938-1939 (year).J&J
Montgom Div g 5s 1947--F&A

14

10
30

1945

Ref & impt 4 Ha 1977
Secured 5a 1938..

101M
Little Rock & Hot Spr West Ry—
1st gold 4s 1939 guar
r/
J&J

...

Mobile & Ohio—
Gen gold 4s, 1938

90

95""

1945

24 M
24 %

5.pO

N Y

65H

1937-1950...J&D
Equip trust 5s 1939 '40(yr)M&S
Eq tr 4Hs '38-'44 F (yr)—M&N
Mo Pac (old)—Gen 4s 1975. M&S
3d ext 4s July 11938
M&N
Mobile & Birmingham—

w*
30

_

25

*18*
50

89

30
3%

6ka

35

1st 4 Ms gold
Lehigh Val

24%

26%

J&D
4 Ms Mar 15 1938-'39 —M&S
4MB 1938-1945
—M&N

12 H

1st & ref 5s 1980 ser H...A&0
Certificates of deposit
1st & ref 5s 1981 ser I
..F&A
Certificates of deposit..
Conv g 5 Ha 1949 ser A—M&N
Secured

23

A&O

2 Ms Mar 151939-1952

1st & ref 5s 1978 ser G—M&N
Certificates of deposit...—

59

4

7

Adj M 5s Jan 1967 ser A..A&O /

101

82

32
52

M C coll tr g 3 Ms 1998

3%
2H

11M

Eq tr 4s 1938 s-a..
J&D15
M St P & SS M & Cent Term Rylst Cb Ter s f 4s *41op'10- M&N
50""
Minn Terminal 1st 3 Ha *50.-J&J /
102
Minn Transfer Ry 3%s 1956. J&O
Missouri Illinois Bridge and Belt
65
RR cons 4s 1951
J&J
Mo-Illinois RR 1st 5s 1959..J&J /
18%
70
Mo Kans & Okla 5s 1942—M&S
Missouri-Kansas-Texas RR—
Prior lien 5s 1962 ser A
J&J
36%
33
Prior lien 4s 1962 ser B
J&J
30
Prior lien 4 Ms 1978 ser D.J&J

43

Lehigh & New England—

Lehigh & N Y

85

1938_—F&A

Eqtr 2Ms 1939-1952
F&A
Mo Kan & Tex (old company)—
1st gold 4s 1990
J&D
Mo Pacific RR (new company)—
1st & ref 5s Jan 1965 A—.F&A

45
13

L S coll tr g

1st & ref 5s 1977 ser F—.M&S
Certificates of deposit

60

42

3%
1H
1%

Certificates of deposit..—i

75""

1st mtge 5s 1954.

J&J

New York Central RR
Cons mtge 4s 1998 ser A—F&A
Ref & impt 4 Ms 2013 A—.A&O
Ref & impt Ba 2013 C
A&O

_

Kansas City Terminal Ry—
1st g 4s 1900 opt 1930—
Kansas Oklahoma & Gulf—

19

50

37

5M

Equip trust 4Ms.
Newport & Cincinnati Bridge—
1st M g 4 Ha 1945 guar
J&J
Newport & Richfor Is 5s 1941..

10-year 3 Ms sec

95
15

20

Minneapolis Northfield &
■■
Southern Ry 1st6s '4l—M&S
Minn St P & Sault Ste Marie--"
1st cons gold 4s 1938
J&J
1st cons gold 5s 1938---—J&J
1st cons 5s 1938 gu int.—J&J
2d M gold 4s guar 1949—J&J
1st ref 6s 1946 series A
J&J
1st ref 5Ha 1978 ser B—-J&J
25-year 5Ha 1949-----—M&S

Kal & Sou Haven—See Mich Cen
Kalamazoo & White Pigeon RR

J&-

62%

Cons 6s

98

-

Jamestown Frank & Clearfield
1st g 4s 1959 guar..
J&D
Jollet & Northern Ind 4s 1957 J&J

1913 ext at 4)4% to
1934 (1884)
-.----J&D
Mil Sparta & NW 1st 4s l947M&8
Mil&State Line 1st 3 Ha 1941-J&J
Minneapolis & St Louis--1st 7s '27 ext at 6% 1932--J&D
5s ctfs of deposit 1934- -—M&N
1st refdg gold 4s 1949—-M&8
Ref & ext 5s Feb *62 ser A.Q-F
Certificates of deposit

95

20

1st ext 4M® 1939-—————
Con ext4Ms 1939-.—------102

~9M
96 M

Certificates of deposit..
1st M 5Ha 1954 series A—A&O
Certificates of deposit—
1st 5s 1956 series O
F&A
1st M 4 Ha 1956 series D—F&A

95

sm

20

Income deb 5s 2032
J&J
New Orl & Nor East 6s 1915
Extended at 5% 1940..-.M&N
Ref & impt 4Ms 52 ser A—J&J
New Orl Term 1st 4s 1953.-J&J
New Orleans Texas & Mexico—
Non-cum inc 5s '35 ser A—A&O

1st 5s 1954 series B

32

ext at 5% to

&

N J & N Y 1st ext 5s 1950—M&S
General 5s Jan 1 1938——
New Lon Nor 1st 4s 1940
J&J
New Orleans Great Northern—

60-year 1st 5s 1983

ieuuui

28

N Hav & No Ham 4s 1956 guJ&D f
N J June 1st 48 gu 1980....F&A

65

95

::

?

75

90

23

See Michigan Central
Jacksonville Terminal—
1st 5s July 11939




off. .1951

68

& W estern
3Ms 1941---—--J&J /
[aryland & Pa 1st g 4s 51.M&S
1st cons A 6s 1963—-----A&O

106

J&J

Gulf Ry 1st 5s 1951.
A
Jackson Lansing & Saginaw—

b Basis.

coupon

receipt No 4 on .—..1951
Naugatuck 1st 4s 1954—...M&N
New Eng cons 4s 1945 gu
J&J
Oonsol g 5s July.l 1945—J&J

110

Philippine Govt

Jacksonville & Gainesville &

1st gold 5s 1940

ff

Assent cash warrant and scrip

4.00%

[anitowoc Green Bay

/
/

1st & ref

75
4.75
4.75

1H

4s(Apr 1914 coupon on)

1951-..—-

■

1st gtd

1st M 5s 1972 opt
-M&N
1st 1 & ref 6J4s 1947—F&A
Debenture 4s 1901...
<

1st Bs June 1 1944—
Kalamazoo Allegheny &

con

80

40M
b

Equipment trust 5s -

4s 1939 ext to

100

ff i!8
I 5^

Grand Rapids gtd 5s

warr't & scrip ret No 4 on '26 f

1st
79

96

60

Indianapolis Union—
Ref & imp M 3 Ms ser B '80 M&S
Internat-Great North Ry—
1st M g 0s 1952 series A...J&J /
AdJ M 0s July 1952 ser A.April
1st M 5s 1950 series B
J&J
1st M 5s 1950 ser C
-J&J
Eq tr 4148 1938-42 (yr)—A&O
Internat Rys (Central America!—
Purch money 5s 1972
J&J

0s

86

r

Indianapolis & Louisville—
1st guar 4s 1950

49

82

J&J
,

65
85

J&J /

4s 1950——

47

1st 5s 1947---------—
[aeon Terminal 5s I960

[aine Central—

73
55

National RR of Mexico—
Prior lien 4 Ha assent cash

Savannah—

Apr 1 1935 & sub coups 1945— /
Oct 1938 and subs coupons.... /
Ctfs of dep stmpd as to sale of
April 1933 to Oct 1934.1945. /
Stamped as to sale of Apr 1 *33
to Apr 1 1938 coupons..—., f

9*
9

20
105
111
117
93

35
28H
35
^

28H

70

RAILEOAD

BONDS

bond prices are Mand Interest'- except where marliec' "f" and income and defaulted bonds
Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue

NOTICE—AI1

Bonds

Bid

Ask

1st gen 4s series A 1948
1st M 5s 1962 series B

45
58 X
49
50

North Pennsylvania RR—
Gen g 3 3-10s 1953
J&D
Northwestern Terminal—
1st M 5s 1977
An .-Apr
5s 1948
Norwich & Worcester 4 %s '47M&S

87

Colony RR 4s 1938

M&N

87

5s 1941--J&J
Potomac Val 1st gu 5s g 1941 -J&J

95

100

102

105

Port

100%

4%

gu

3%

_M&N
M&8

90
20

40

65

1956
1947---A&O

90"

70

50

1939--J&J
Reading Belt 1st 4s 1950
M&S

J&J

13

11

13

11

106%

Gen & ref 4%s 1997 ser

13

107

114%

97%

97%

45%

73
70

65"

„

75

St Louis City real est 5s *38 J&J
Pfeducah & 111 1st 4%s 1955.J&J

65

Paris-Orleans extl 5Ks 1968 M&S

85%

103"
87%

6% franc bonds (foreign series)
red to 1956
J&D
Paterson Extension 5s 1950-J&D
Paulista Ry 1st 7s *42serAM&S15 /

F&A
M&N

20%

60

90%
92
99

F&A

Gu tr ctfs g 3%s 1942
J&D
Gu tr ctfs g 3%s 1944
J&D
Pa & N Y Canal con 5s 1939 A&O
Cons mtge 4%s 1939
..A&O

103

1st guar

58
53

45

3.25"
2.o0

1st 4s 1995

52

102
104

105%

105%

106

68%
2%

35

1st & ref 4 %s 1977 ser A..A&O
1st & ref 4 %s series B 1981
Pennsylvania RR—
Con M 4s gold 1943
M&N
Con M 4s gold 1948
M&N
Con M 4s gold 1948 sterling
stamped dollar
M&N
Con M 4%s gold 1960
F&A
Gen g 4%s 1965
J&D

95
103

104%
109%

104
111

7%

6

107%

J&J

102

Gen M 4%s ser E 1984-.-J&J
Deb 4%s 1970
A&O
Gen M 3%sser C 1970—A&O

88

St Louis Iron Mt & Sou—
Riv & Gulf Divs 4s 1933-M&N /
Certificates of deposit
/
St L Peo & N W 5s 1948
J&J /

—

D

102

.J&D
Phila & Chester Val 4s 1948.A&O
Phiia Newton & N Y 3s 1942 A&O
Gen

4Kb series

19S1

Phila & Reading RR—See "Rea*;
Philippine Ry 1st 4s 1937—J&

f
M&S f
Certificates of deposit stpd.. f
Eq 4%s 1939-'41 BB (yr).F&A
Equipment trust 4s

St Louis

3Xb 1966
J&O
Pitts Bessemer & Lake Erie—
h Cons gold 5s 1947
....J&J

82

M&N

4s series D 1945

M&N

3%s series E 1949
4s series F 1953
4s series G 1957
4s series H 1960

F&A
....J&D
M&N
F&A

4%b series I 1963
4 %s series J 1964
Gen M 5s 1970 ser A

F&A
M&N

J&D
Gen M 5s 1975 ser B
A&O
Gen M 4%s 1977 ser O—-J&J
Pitts Shawmut & Northern—
1st gold 5s 1949
—F&A.
f.
Gold 4s Feb 1 1952
F&A /

104%
106%
106%

2.75$

1st g guar s f 5s 1942
J&J
Pitts Va & Char gu 4s 1943.M&N
Pitts & West Va Ry—

10

8%
8

7%

1st consol g 4s 1968..

J&D
Mortgage 4s Dec 1 1996—J&D

J&J

107^

113%

guar g

14

g

..M&S

5s 1942

36

Seaboard Air Line Ry Co—
1st gold 4s 1950

Stamped

100
100

Certificates of

deposit
5% secured notes 1931
_F&A

92%

Receiver ctfs 2-3 %s '45—F&A
Atlanta-Birmingham Div—
1st g 4s May 1 1933
M&S /

5
5
8

35

A&O
A&O

Adj mtge 5s Oct 1 1949
F&A
Ref gold 481959 opt
A&O
Certificates of deposit
1st & cons 6s 1945 ser A—M&S

110%
no%

Seab-All Florida Ry—
6s ser A ctfs of deposit

60

__.

42
40

5.00%
5.00%

Shamokln Sunbury & Lewisb'g—
2d ext'd 5s 1945—
J&J
Shrev Bdg & Ter 5s '55 gu.._F&A
Sioux City & Pac 3 %s 1936
Somerset Ry 1st & ref 4s '55
1st M 4s July 2 1950

F&A
J&J

J&J
South Bound RR 1st 5s 1941 A&O
South & North Alabama—
Gen cons gug 5s 1963
A&O
Southern Ill&Mo Bridge Co—
1st M g 4s 1951
M&N
South Indiana 1st g 4s 1951—F&A

Jt Last sale.

^Nominal,

15

13

20
10

26"

104%
110

iii%

101

102

100

74%

74

2.50
3.25

3.25
3.25

Tex Pac-Mo Pac Term RR—
1st M g 5%s 1964
.M&S
Toledo Canada Southern & Det—

J&J

90

ser A *60 J&D
St Mary s Div 1st 4s 1951F&A

85

1st 4s 1956
Toledo & Ohio Central—
Ref &

60

Toledo Peoria & Western RR—

75

1st mtge 4s ser B 1967
J&J
Toledo St Louis & Western—
1st gold 4s April 1 1950.—A&O
Tol Term 1st 4%s '57 gu—-M&N
m

4.50%
4.50%

4.50%
93

23"
9%

Tol

51

104%

Walhouding Valley & Ohio—

99%

1st g gu 4s 1942 ser C
_M&S
Toronto Hamilton & Buffalo—
1st gold 4s June 1 1946
J&D
Consol M 4%s 1966 ser A. F&A

94%

36"

Transylvania RR 1st 5s 1956.J&J
Tulsa Un Dep 1st 4%s *59..J&J
Union Depot (Columbus, Ohio)
Gen 4%s 1946
J&J

102%
97

Obion Pacific—
1st ry & land gr 4s g 1947..J&J
1st & ref 4s June 2008
M&S

114

1st & ref 5s June 2 2008

16

48%

80

107%
84%

106

106%

110%
101

112%

M&8

87%
87%

34-year 3 %s debs 1970
A&O
Eq tr 2%s ser E 1938-52.-J&J
Eqtr 4%s 1938
7T)
M&N
Eq 4%s Sept 15 i8-'39-M&S15
Union RR
1st 5s '46.M&S
Deb 68 1 46
M&S
Union Terminal Co (Dallas)

2.70
1.50
1.75

■

109

,

101

113%
11%
10%
2]>
4

113%
12%
11%
3

*

5

4

5

6

6%

5%

6

6

7

48

50

13

20%

114
96

1st mtge 3 %s 1967
F&A
United N J RR & Canal Co—
1st 4%s

M&S

Sept 1 1979

General gold 4s 1944
1st 4s Sept 1 1948

108%
109%

M&S
M&S
F&A

1st 4%s Feb 1 1973
Gen 1st g 3%s 1951

......

113

::::

113

103%

M&S

75

Utica Clin & Blng 5s 1939—J&J
Vandalia RR—

100%

Cons g 4s 1955 series A—F&A
Series B 1957
M&N

104"

Vera Oruz & Pacific RR—

2H

6s ser B ctfs of deposit
Seaboard & Roanoke 5s 1931. J&J
Sea coast RR prior lien 5s '48. A&O

107%

37"

87

M&N b 3.50

Eq tr 2%s 1938-1952

"

106%

Schuylkill & Leh 1st 4s '48-M&N

102
102

5
34

74%
74%

35-year 3%s debs 1971—M&N

Santa Fe Prescott & Phoenix—

1st

....

93

108%

J&D

A&O

imp M 3 %s

98

/

4s 1943
J&J
San Fran & San Joaquin Val—
1st g 5s Oct 1 1940.
A&O

108

8%

98

J&J

Salt Lake & 0<?den 5s 1934
San Antonio & Aransas Pass—

1st

90

68

Gen & ref 5s 1979 ser O—A&O
Gen & ref 5s 1980 ser D
J&D

m

27%

Salt Lake City Union Depot
and RR 1st 5s 1938
M&N

83

9

25

80
75

& Pacific Ry—
1st gold 5s 2000
Gen & ref 5s 1977 ser B

10

44

108^

12

25"

71%

Eq tr 5s 1939-1939
M&N b
Eq tr 4%s 1939-42 (yr).—A&O b
Eq tr 4%s 1939-43 (yr)—.F&A b
Equipment trust 4s
b

93

7

1st & ref 5s 1972

Texarkana & Ft Smith—
1st M 5%8 1950 guar
F&A
Texas City Term 6s 1941 .J&J *26
Texas & New Orl 5s 1943
J&J

9

90

1st guar 4 %s 1941
F&A /
St Paul Minn & Manitoba—

103%

37
15

100

Tampa Un Term 4-6%s '53.-J&J /
Tavares & Gulf 5s A 1935—M&S /
Term RR Assn (St
Louis)—
1st gold 4%s 1939
A&O
1st consol gold 5s 1944..-F&A
Gen ref s f g 4s '53 opt '10.J&J
Terre Haute & Peor 5s 1942.M&S

18

41

108

Pacific ext 1st 4s £ 1940
St Paul Union Depot—

IW

22

80

Berwick RR 5s 1952
A&O
Tampa & Gulf Coast g 5s'53_A&0 /
Tampa North 1st 5s '36 opt-J&J /
Tampa Union Sta 5s 1940..M&N

10

*lH

6%

105

8%

Stephenville Nor & Sou Texas—
1st M guar g 5s 1940
J&J /
Sturgis Goshen & St Louis Ry—
1st 3s Dec 1 1989
J&D /
Suffolk & Oar con 5s 1952—.J&J f

46%
59%

91

St Paul East Gr Tr 4%s '47..J&J /
St Paul & Kansas City Short Line

/ This price includes accrued interest.




9%
8%

f, 10$

Scioto Val & N E 1st 4s 1989M&N

J&D
A&O
37
A&O
38
Eqtr 3%s Apr 1 1939-1946
6 6.50
Eq tr 2Kb 1938-1946
—J&D b 6.50

b Basis.

A 1990

105%

105

13

St Paul & Duluth—

99

Pittsb Term RR & Coal—

1st M 4^s 1958 ser A

ser

103

—-

-

Eqtr 5%s 1939 (s-a)
M&S b 5.50
b 5.50
Equipment trust 5s
Equip tr 4%s 1938-1945-J&J b 5.50

58%
3.00%

102

95

-

55

114%

T~
6% receivers' ctfs 1927
F&A f
Pgh & Shawmut 5s 1959—J&D / 25
Pitts Shenango & Lake Erie—
113
I
1st gold 58 1940
A&O
r Cons 1st g 5s July 1 1943—J&J
113

1st M 4%s 1959 ser B
1st M 4%s 1960 ser O

J&J
J&J

San Fran Term 1st 4s 1950.-A&O

1940-A&O
A&O

-

60%

Pitts Cin Chic & St Louis—

4%s series B 1942
4%s series O 1942—

_

Gen & ref 5s

95

1st mtge

M&N f
J&J f

1989inc 4s Nov 1989

1st term & unif 5s 1952

Piedmont & Northern—

Con g gu 4%s ser A

2d g

45

45

Southwestern—

1st g 4s

104%

7%

f

Texas

Pac of Mo

Certificates of deposit
Cons in 4 %b 1978 ser A

94

ngCo."
/
11%

94

90

St Louis-San Francisco Ry—
Prior lien 4s 1950 series A. J&J /
Certificates of deposit
/
Prior lien 5s 1950 series B.J&J f

83

71
...A&O
5.25
30-yr secured 4s 1938-1964. J&J
Gen equip 5s 1938-39 (yr).A&0
1.75
1.75
Eq tr 4%s 1938-39 (yr)__A&O
3.00
Eqtr 4s series E 1938-1949-J&J
2.85
Eq tr 2Xb ser H *38-'52„M&N
Peor & East cons 4s 1940--A&O
38
2d cons inc 4s 1990
4%
Apr 1
Peoria & Pekin Union Ry—
101
1st g 5%s 1974 series A
F&A
Peoria Ry Ter 4s 1937 gu op.J&J /
Pere Marquette Ry—
53
1st g 58 July 1956 ser A..J&J
1st g 4s July 1956 ser B..J&J
1st 4%s 1980 ser C
M&S
55
Equipment trust 4%s
b 3.75
Equip trust 2%t 1938-46..J&J b 3.50
Perkiomen RR ext 3 Xb 1951.J&J
94
Phiia & Bait Cent 4s 1951..M&N
93
Phlla Bait & Washington—
1st gold 4s 1943
..M&N
99
Gen 4s April 1 1960
—A&O
Gen 5s 1974 series B
..F&A
107%
Gen M 4%s 1977 ser O
J&J
103%

7

28

Gen g 58 Dec 1 1968
J&D
Gen M 4%s 1981 ser D...A&O

Oonv deb 3%s 1952

14

80

St Lawr & Adirond 5s 1996—J&J
2d gold 6s 1996.
..A&O
see

9%
64%
6%
6%

8%
6%

City

102%

t

Susquehanna Bloomsburg &

J&
J&J

St Louis

16
101%

18

60

109%
112%

85

70
104

3§*

5

St Joseph & Grand Island—
1st gold 4s 1947

78
48

60

14%

St Clair Mad & St Louis Belt—
Alton Bridge 1st g 4s '51--J&J
St Johns & L Cham 5s 1944.M&S

74%

101

33

J&J
J&J

4%s 1941
4 %s stamped 1941

97%

IF

Sullivan Co RR 6s 1944
A&O
Sunbury Hazleton & W-B—
1st M inc 6s 1938
coup.M&N

1

1

Rutl Can 1st g gu 4s 1949
4s stamped 1949
con

71

J&J

Stark Elec RR 1st 7s 1952—.J&D
Staten Isld Ry 4%s 1943
J&D

45

30

Rutland

A&O

3.50%
3.50%
3.50%

Spokane Falls & Nor 6s 1939.J&J
Spok Internat 1st g 5s 1955.J&J

103

M&S /

4%s 1934

gen

Spartanburg Union & Columbia—

92

85

gen

gen

E Tenn reorg lien 5s 1938 M&S
1st Mem Div g 5s 1996
J&J
St Louis Div 1st g 4s 1951-J&J
Mobile & O coll tr 4s '38-M&S

104

103
102

52

M g 4s '56. A&O
36
6s 1956
A&O
40
6%s 1956.-A&O
b 4.50
Equipment trust 5%s
Eq tr 5s 1938-39 (s-a)
M&S b 4.50
Eq tr 4%s Oct *38-'39 (s-a)A&O b 4.50
Aiken Branch 4s 1998
38
J&J

104%

Rock Island-Frisco Term Ry—
1st M 4%s 1957
J&J

95
46

Develop &
Develop &
Develop &

69%
71%
2.50%
2.00%

Rock Island Ark & Louisiana—

99%

Cons mtge 4s 1939
Penn Ohio & Detroit RR—

96

48

B.J&J

Richmond-Washington Co—
Coll tr g gu 4s 1943 opt...J&D
Rio Gr June 1st gu 5s 1939--J&D
Rio Gr So 1st g 4s 1940
J&J
1st g 48 guar 1940
J&J
Rio Gr West 1st 4s 1939
J&J
1st coll tr 4s 1949 opt
A&O

22%

—

51

54

68

—

114

113%

52

Eq 4%s 1938-'45 (s-a)—M&N
Equipment trust 5s
Philadelphia & Reading RR—
Imp M ext g 4s 1947---A&O
Extended 4%s Oct 1 1943—
Term 5s g gu May 1 '41 Q&F
Rensselaer & Saratoga—
6% g bds May 1 1941
M&N
Rich Fredericksbg & Potomac—
Cons mtge 4%s 1940
A&O
Richmond & Mecklenburg—
1st g 4s Nov 1 1948
M&N
Richmond & Petersburg—
Cons 4%s 1940
A&O
Richmond Term 1st 5s 1952.J&J

2.40

64%

Reading Company—

13

11

11

100

Jer Cent 4s 1951 opt'06--A&O
Gen & ref 4%s 1997 ser A.. J&J

2.25

Stamped (Fed tax) 1955. J&J
Southern Railway—
1st consol g 5s 1994
..J&J

50

98

9%

2.75

Southern Pacific (Golden Gate
Ferries) 1st 5%s 1949
A&O
Southern Pacific RR Co.—
1st ref g 4s 1955 opt 1910—J&J

55

40

2.50
3.00

Eq 5s 1939-1941 D (yr) .A&O

„

1947--J&J
Raleigh & S'port Ry 5s '65--J&D

Ral & Gaston 1st 56 g

5%

J&D

.

7

32

Raleigh & Augusta Air Line—
1st 5s 1931
J&J

P&A

guar

Pennsylvania Company—
28-year secured 4s 1963
Gu tr ctfs g 4s 1952
Gu tr ctfs g 3 Ms 1941

Reading 1st

Prov Ter 1st g 4s
gu
Prov & Wore 1st 4s

30
11

Pac of Mo 1st ex g 4s 1938-.F&A
2d ext 5s gold 1938
J&J
Cardelet Br 1st 4%s 1938.A&O

1951

Prov Sec deb 4s 1957 gu

102

5s 1946
J&J
Oregon-Wash RR & Nav—
1st & ref g gu 4s '61 opt-.J&J
PacFruit Express—See Sou Pac—
cons

85

100

5s

37%
44%
35%
35%
36%
45%

40-year 4%s 1968
M&S
50-year 4%s 1981
M&N
4%s 1969 with warr
M&N
10-yr secured 3%s 1946. -J&J
Equip 5s 1938-1939 (yr)__M&N
Eq tr 4%s 1938-1940 (yr)_J&D
Eq tr 4%s 1938-1941 (yr).J&D
Pacific Fruit Express—
Eq 5s 1939 O (yr)—...M&S

103
98

Biu

Southern Pacific Co—
Coll tr 4s (OP) Aug 1 '49..J&D
1st 4 %s (Ore
Lines) 1977.M&S

98%
83

11

1st M 4%s 1950 series O
J&J
Ore RR & Nav cons 4s 1946.J&D
Ore Short Line 1st 5s 1946--J&J
lBt

110 %

Raritan River 1st g 5s

17

85

Ogdensburg & Lake Ohamplian—
1st guar g 4s 1948
--.J&J
4s stamped 1948
J&J
Ohio Connecting 4s 1943
M&S
Ohio & Little Kanawha5s '5CM&8
1st M 5%s 1944—
1st M 5s 1945 series B

J&D
F&A

Port! (Me) Term gu 4s 1961.J&J
Guar 5s 1961
J&J
Portland & Rumford Falls—

20

-

Old

107%

1st gen 5s 1974 series O.-.J&D
1st 4%s series D 1977
J&D

Ret & imp 5s 2047 ser O—J&J
Ref & imp 5s 2047 ser D__. J&J
Eq tr 4Ms 1939-*40 (yr)M&S15 b 2.00
Eq tr 2X8 1939-1947
M&S b 2.75
Eq tr 2%s 1938-1946
J&J b 2.75
Nor RR or N J gen 4 X* 2000-J&J /
20
No Ry of Cal 5s g gu 1938A&0

Bonds

Young & Ashtabula—

79
47 %

Prior lien g 4s Jan 1997
Q& J
Gen lien g 3s Jan 2047
Q&F
Ref & imp 4 %s 2047 ser A. J&J
Ref & imp 6s 2047 ser B—.J&J

Ask

Bid

Bonds
Pitts

Northern Pacific—

33
33

35

70
98

100

74
12

15"

37
40

43

14%

1st guar 4 %8 assented—
Cash war & scrip ret No.

on /

1

Vermont Vail 1st 4%s 1940..A&O
VIcksburg Bridge & Term Co—
1st M s f 6s 1958
M&S /
Debenture s f 7s 1948....M&S /
4-6s (new)
VIcksburg Shreveport & Pacific—
Pr lien 6s *15ext 5% '40—M&N
Gen 5s May 1 1941..
.M&N
ref & impt 5s 1973
M&N
Va & Southwest 5s 2003—..J&J
1st cons g 5s 1958....
A&O

78

82

85
20%

§z*
22

66

67

5

IK

80

75
77
45
40

90"
46%

Virginian Ry—
1st lien & ref 3 %s A

110%

102%

1960.M&S
b

65

68

38

40

2.00

103%
1.25%

71

RAILROAD BONDS

JUNE, 1938]

bond prices are "and interest" except where marked "f"
Quotations for all securities are a9 near as possible for the closing day of the

NOTICE—All

Bid

Bonds and Stocks
Wabash Railroad Co—
1st gold 5s 1939
*

2d gold 5s 1939
Deb mtge 6s series B
1st lien term gold 4s

„

40
17

41

20

& O (guar). 100
Oatawissa RR—1st pref (guar).50
2d preferred (quar)—50
Cayuga & Susq (gu D L & W)_30

68
40
40

1939.J&J /
1954-J&JIJ

73

45"
754

lO"

75"
75
75
40

Jersey---—-100
Chattahoochee & Gulf (guar)-100
Chesapeake Corp.---*
Chesapeake & Ohio common.-.25
Central of New

85
85
85
75
20

91H

Chicago Burl & Quincy.

754

Ref & gen 5s 1976 ser B..F&A /
Certificates of deposit......
Ref & gen 4 54s 1978 ser O.A&O f

"7

Certificates of deposit...—
Ref & gen 5s 1980 ser D.. A&O /
Certificates of deposit
Warren 1st ref g 354s 2000--F&A
Washington Central Ry—
1st 4s Mar 1 1948
Q-Mar

Washington Co Ry 1st

'754

'954

25"

45"

....

T—i

Washington & Vandemere—■
1st 4Mb 1947
F&A

co -

Equipment trust 4He*—.
Equipment trust 5s
......
West N Y & Penna 4sl943. A&O
Western Pacific RR Corp—
1st M 5s 1946 series A....M&S
Assented 5s 1946

57

50

5554

36

3854

77

8354
b
6

3.25

3.25

10154
/
/
b

b

17
1654
6.00

6.00
93
99
75

H H©o©©co-^
/

Wichita Falls & Southern—
1st 5s extended 1948
..J&J
Wichita Union Terminal Ry-

£

Preferred (guar) _ _ - - - - -—100
Oln New Orl & Texas Pacific—100
Preferred
—-100

6% non-cum

& Cleveland
preferred (gu) -- 50

pref....100
78
Clearfield & Mahoning (gu)...50
86
Cleve Cine Chicago & St Louis—Common (guar)—
2.50%
100
2.50%
5% non-cum pref (gu)----;10n
103
Cleve & Pitts (gu Pa RR) 7%-50
Special guar 4%
-50
19
Colorado & Southern..——.100

104
lstggu454s 1941 opt——A
Wilkes-Darre & Eastern—
1st guar g 5s 1942
454
—J&D f
Wilkes-Barre & Scranton Ry
90
1st 454s May 1 1938
Willamette Val Southern Ry—
6s 1939
F&A / 1154
-

Will mar & Sioux Falls—
'
1st guar g 6s 1938—_—J&D

jx

100

76
95
104
80

106)4
112

9X
8

454
5 54
554

96

10454
10754

3

Union Term 5%

40

6% non-cum
13

East Mahanoy

h

45

9)4

8)4

69

20

130

554
25

87
33

92
38

15)4

15 H

Augusta & Savannah (guar)..100

20
17
50
5X

40

Avon Gen & Mt Morris (gu).100
Bait & Cumberland 7 % gu
50

Baltimore & Ohio

100

common

4% non-cum pref
Bangor & Aroostook com.'..

100

1

6
5X

135

145

6% preferred
—.—100
5% prior preferred...——.100
Peterborough (guar)
100

8X
454
3654

254

97

102
28

17

20

24

pref 5% class A.....100
pref 8% class B
100

1st pref 7%class O
100
1st pref 10%class D
100
1st pref 4Hi % class E...100

6% non-cum pref stamped.. 100
Boston & Providence (guar).. 100
Boston RR Holding pref.....100
•

%

No

par

value.

Ex-dividend.




60

66

1

2)4

1

"lX
6

2)4
1
1
1

45
65

83

55
45

55"

40
133
1

143"
4

8
2

5

1354

1054
1454

35

40

10

4
454

*4
13
3

60
7

32
125

754
1854
42

37
120

"354

45

75

1354

com

33

1554

if*
855"

1
n

15"

5
32
32

54
54
254
154

__*

15

per

$100 face amount.

preferred..... 100

100

preferred

Saratoga & Schenectady (gu) .100

Schuylkill Valley Nav & RR(gu)50
Seaboard Air Line common....*
4-2% non-cum preferred
100
Shamokin Vail & Pottsv (gu)—50
Sharon (guar Erie)———
50
Southern Pacific Co——.100
Southern Ry common.......100
5% non-cum preferred—
100
Mob & Ohio stk tr ctfs (gu) .100
Southwestern of Ga

(guar)...100
100
50
100

Stony Brook (guar)
Sussex (guar D L & W)
Syracuse Bing & N Y (gu)
Tennessee

Central.........
*
Preferred
100
Texas & Pacific Ry
100
Troy & Bennington (guar)
100
Troy & Or'bush (gu N V O— 50
Tunnel RR of St Louis (guar).100
Union Pacific—Common
100

..100

United N J RR & Canal (gu).100
Utica Chen & Susq Val (go). 100
Utica Clinton & Bingham (gu)100
Preferred (guar)
100

Valley RR (N Y) (guar).
100
Vermont & Mass (guar)......100
Vicksb Shrevep & Pac (guar). 100
5% non-cum pref (guar)
100
Virginian Ry common.......100
6% cum preferred.......—100
Wabash Ry
—100

100

5% non-cum conv pref B—100

54

West Jersey & Seashore (gu). 50
Western Maryland Ry com.. 100

1

354
2

1st preferred..—.........100
4% non-cum 2d pref—100
Western Pacific RR

Corp..
100
...100
Ry——100

6% non-cum preferred

154

154

Wheeling & Lake Erie

4% prior lien
20

15

$ Quotations represent ^dollars

non-cum

Ware River (guar)
..100
Warren N J (guar D L & W). 60

Missouri Pacific com........100

"1)4

non-cum

L
54

6

7% preferred series A.....100
5% conv preferred........100
Mobile & Birmingham—
4% non-cum pref (guar)...100

5%

5% non-cum preferred A

37

35

"54

Mississippi Central..........100
Mo-Kan-Texas RR

100

(guar)

4% non-cum preferred

375
49

325
44
5
11
70
500

...100

4

100

.....

Massawippi Valley (guar)....100
Michigan Central (guar)..... 100
Middland Valley common.
50

4% leased Une ctfs..

90
44

70
65
3054

.........100

.......

50
86
39

39

.

5% preferred.,

(gu) -100

Rutland 7% preferred.
100
Rutland & Whitehall (guar)
100
St Joseph South Bend & Sou—
Common
(guar)
.......100

6%

53
80

48

90

St Louis Southwestern.......100

SH
30

354
.3154
115

14 % 111 Cent stk ctf 1952—1000
Reading Co
60
4% non-cum 1st pref
—.
60
4% non-cum 2d pref...... 60
Rensselaer & Saratoga (guar). 100
Rich Fred & Potom—com
100
Dividend obligations.—...100
6% guaranteed..—.———100
7% guaranteed..
.100

Preferred

i I*
28

Railroad Securities Co—

St Louis Bridge 1st pref (gu)—100
2d preferred (guar)
.100
St Louis-San Francisco Ry.—100

45

254
1054

(guar)
.100
Adams (guar)_l5o

Roch & Genesee Val RR
Rome & Clinton (guar)

12
5

2

50

2)4
2)4

2

10

254
354
254

78

x

Minneapolis & St Louis
...100
100
7)4 Minneapolis St P & S S M
7 % non-cum preferred
...100

3

Preferred

62

x

50
Mill Creek & Minehill Nav (gu)25
Mine Hill & Schuyl Hav(gu)
50

IX

Portland & Ogdensburg (guar) 100
Prov & Worcester (guar).—..100

35

50

Preferred

1

Pittsfield & No

58

.......

VJ*
70
2)4

44"

254
254
254

Mahoning Ooai RR__.
5'"
Pref (guar N Y Central)
50
Maine Central..............100

2X

40

54

....

73

7 % pref (guar Pa RR)—100

Pittsburgh & Lake Erie...... 50
Pittsburgh & West Virginia
100
Pitts Youngs town & Ashtabula—

40

Lykens Valley RR & Coal (gu).20

32

50

35
52

100
Lehigh Valley.............. 50
Preferred
50
Lexington Union Station-—
Preferred (guar)
...100
Little Miami original guar... 50

28

5)4

50

54

Louisville Henderson & St Louis—
Preferred (guar)..
....100
Louis & Mo Riv pref (guar) —100
Louisville & Nashville....
.100

•

50
50

Pitts Cin Chic & St Louis (gu)_l00
Pitts Ft W & Chic com (gu)
100

40

Lake Superior & Ishpeming

Spec KU*r betterment stk.
Lit Schuyl Nav RR & Ooal(gu)

50

Phila & Trenton (gu Pa RR).100
Piedmont & Northern
•

45"

Kal Allegan & Gr Kap
K O St L & Chic—Pref

90

•8*

5% conv preferred
..100
Beech Creek (guar N Y C)
50

1st
1st

22

com——100

Pgh Bess & Lake Erie (guar).
Preferred (guar).

5
7

5% preferred...—.—.— .100

22

—100

—

Phila Germ & Norris (guar)..

5

37

33

Joliet & Chicago (guar)..

68

854
39

154

.*

60

30

—

85

-100

24)4
39 %

29

50

_

?S
ilH

35

Pemigewasset Valley (guar).. 100
Pennsylvania RR
50
Pennroad Corp v t c
1
Peoria & Bureau Val (guar)—100

80

Central.
100
Non-cum 6% pref series A. .100
Leased lines (guar)..
100
Stk tr ctfs—See RR Securs Co
com

.100
Oswego & Syrac (gu D L & W) 50
Passaic & Delaware (guar).
.50
Passaic & Del Exten (guar).. 100

30

ctfs....—*
stock......*
—..100
100

Internat Rys (Cent Am)

pref—.100

No Carolina (guar Sou RR)—100
Northern Cent (guar Pa RR). 50
Northern Pacific Ry
—.100
Northern RR of N H (guar)—100
Northern RR of N J (guar)—100
North Pennsylvania (guar)
50

Peoria & Eastern
Pere Marquette Ry

100
(gu)..l00
32
(gu)—100
Kansas City Southern
40
....100
4% non-cum preferred-.—.100
25)4
Lackawanna RR of N J (gu)_-100

30

Belgian Nat Rys Co—
American shares partic pref—
Boston & Alb (guar N Y 0)—100
Boston & Maine common....100
Unstamped—
1st pref 5% class A.....100
1st pref 8% class B.....100
1st pref 7 % class O. .. . 100
1st pref 10% class D....100
1st pref 4 H % class i E .. .100
6% non-cum preferred..... 100
7% prior preferred
100
Stamped—
Common.......
100

IX

6)4

Yo conv preferred........ 100
Ontario & Western—
100
Norfolk Southern
.....100
Norfolk & Western Ry
...100

7
33

Green Bay & Western
Greene (guar D L & W)

5% non-cum preferred

354

654

Illinois

55
52

100

Paterson & Hudson River (gu).50
Paterson & Ramapo (guar).
50

73"

68
3

Great Northern Ry—
Iron Ore Prop trust

50

5

100

6% preferred........——100

49

•

8
7
35

6

Hudson & Manhattan....—100

Alabama & Vicksburg (gu)—100
Albany & Susquehanna (gu)—100
Albany & Vermont (guar)
100
Alleghany Corp common.
*
554 % pref (with $30 warr).100
554 % pref (without warr)__100
554 % pref (with $40 warr).l00
2 H % prior con v pref
*
Allegheny & West (6% guar). 100
Atchison & Eastern Bridge.—100
Atchison Topeka & Santa Fe.100
5% non-cum pref
100
Atlanta Birm & Coast pf (gu)-100
Atlan & Char Air L (guar)
100
Atlanta & West Point
..—100
Atlantic Coast L Co of Conn
50
Atlantic Coast L RR com
100

50

100

Ontario & Quebec (guar)

59
69
44

354

100
(guar)..10

3354

pref (gu)

non-cum

Norwich & Worcester pf (gu).100
Ogden Mine RR (gu On N J).100
Old Colony (gu NY NH&H)..100

25

125
55
67
39

50

40 %

10654

104)4

Hartford & Conn Western—100

...50
—....50

108
230
112

110

Gulf Mobile & Northern com. 100

RAILROAD STOCKS

Newark & Bloomfield (guar)-.50
New London Northern (gu)-.100
New Orleans Great Northern.100
New Orl Texas & Mexico....100
New York Central RR
-*
N Y Chic & St Louis com
100

Adjust 4% non-cum

preferred-—-100

Preferred (capital

m

154

1

105
215

Pennsylvania (guar) ..... 50
Elmira & W'msport (guar)... o0
Preferred (guar)..
—50
Erie—common
100
80
4% non-cum 1st preferred.-100
4% non-cum 2d preferred.-100
Erie & Kalamazoo Jguar)
50
Erie & Pitts (guar Pa RR)— 50
European & North Am (guar) 100
Fort St Union Depot (guar).. 100
Ft Wayne & Jack nref (guar).100
11
Genesee & Wyoming
100
14
Georgia RR & Bank Co (gu).lOO
5)4 Georgia Sou & Fla common...100
1st preferred-..6
...100
2d preferred
Goshen & Deckertown

90

25
25

N Y Lack & West (guar)
NY New Haven & Hartf

2

1'/

---25

(guar)

38

100
National Rys of Mexico—
1st 4% non-cum pref......100
2d 5% non-cum preferred-.100

10%

——

.

A1 Great southern com
Preferred

354

1

4% 1st non-cum preferred-.100
4% 2d non-cum preferred—100
Oolumbus & Xenta (guar)
-50
Concord & Portsmouth (gu)—100
Conn & Passumpsic pref (gu)-100
Oonsol Rys of Cuba 6% pref.100
Cuba RR 6% non-cum pref.. 100
Dayton & Mich com (guar)
50
Preferred (guar)
--50
Delaware & Bound Br (guar) .100
Delaware & Hudson Co—-—100
Delaware Lack & Western... 50
Delaware (guar Penn)
Denv & Rio Gr West 6%

5

IV*
30

6% preferred series A
..100
N Y & Harlem com (gu)..... 50

pref-100
Detroit Hills & S W (guar)—100
Detroit & Mackinac Ry
100
5% non-cum preferred
100
5)4 Detroit Manufacturers (guar) 100
Dover & Rockaway (guar)..-100
Duluth South Shore & Atl—100

45

4s

1951
...M&N
Worcester & Conn Eastern Ry—
1st gold 4Hs 1943
J&J f
Yonkers Ry see **P UM bonds—
Yosemits vails f g 5s 1936..J&J f

254
54

2X

East

_

Wilmington & Newborn—
1st gold 4s 1947
——.F&A
Wilmington & Nor 4 His *77—J&D
Gen 5s Auk 1 1982..
F&A
Wilmington Ry Bdge 5s '43.A&0
Winston-Salem Southbound—
1st gold guar 4s 1960.
.J&J
Winston-Salem Term 5s '66.A&0
Wisconsin Central Ry—
1st gen g 4s 1949...... —J&J
Certificates of deposit—....
1st & ref 4s 1959.—.... A&O
Sup & Dul Div 4s 1936—.M&N
Certificates of deposit......

1754
4.50%
4.50%

1
35

42
1

X

Pacific common—100

7% preferred...
-—}00
6% preferred—
—
1UU
Cinn Inter-Terminal—

Cin

....

S'eastern div

55

Cincinnati Sandusky

Equipment trust 5s...
Eq tr 554s 1938 (yr)
J&D
2ns trustees ctfs Dec. 11938—
Western Pocahontas 4Hs 1945..
Western Ry of Ala 4 54s '58—A&O
Wheeling & Lake Erie RR—
Ref mtge. 4s ser D 1966..M&S
1st consol gold 4s 1949...M&S
Wheeling Term 4s 1940
1" *
White & Black River Valley-

&

Chic RI &

10954

_

26

....——

91

53

West Shore 1st 4s 2361.....J&J
West Virginia & Pittsburgh—
1st g s f 4s 1990
A&O
West Fruit Exp—See Or Nor
Western Maryland 4s 1952.A&0
1st & ref 654s 1977 ser A..J&J

32"

5% non-cum preferred——100
Chicago & North Western—100
7% non-cum preferred
100

,

Original (guar L & N)—
Unstamped (guar L & N)
Nashv Chatt & St Louis.

2554
75%

6% preferred—
100
Chicago Great Western com—100
4% preferred.—-—---"--100
Chicago Ind'polis & Louisville-—
4% non-cum preferred——100
Chic Mllw St P & Pacific—
Common..

10

38

Ask

Nashville & Decatur-"

28

.100

41

g guar
354s Jan 1954 opt 1924
J&J
Wash & Frankl Ry 1st 5s '39. J&J
Wash Term Co—354s 1945—F&A
1st gold 4s 1945 guar.....F&A

Marshfield

854
854
9X

20

common.100

Chic & East Illinois

Wabash Railway Co—

Morris & Essex Exten (guar). 100
Mt Carbon & Pt Carbon (gu)
50
Nashua & Lowell (guar)..:
100

20

Preferred series A...-—---100
Chestnut Hill (guar)
-50

45 54

1354

Toledo & Chic 4s g 1941—M&Si/
Omaha Div. 1st 354s g '41-A&OI/

Montgomery & Erie (guar).... 10
Morris & Essex (guar)....... 50

45
45

15
7

Bid

Mobile & Ohio—See Southern Ry

23
45

Oaro Clinchfield

Ref & gen 654s 1975 A—M&S/
Certificates of deposit......

Equipment trust 554s
...
Equipment trust 5s—.......
Eq tr 454s 1938-43 (yr)_..A&0
Det & Chic ext 1st g 5s *41. J&J-/
Des M Div 1st g 4s 1939-, J&J 1/

18
40

Par

Stocks

Ask

Bid

Camden & Burl Go (guar)—..25
Canada Southern (guar)——100
Canadian Pacific....——----2o

„

M&N f
F&A/

Par

Stocks

Ask

and income and defaulted bonds
month preceding the date of issue

6 Basis.

25

.——100

5H % cum preferred.....
I<N*|
Wilton (guar Boston & Me)..100

/ This Includes accrued interest.

A Last sale,

110

n Nominal.

NOTICE—All

bond

price*

are

"and interest'* except where marked "{'

Quotations for all securities are as near

Stocks and Bonds

Bid

Par

Ask

Per

Affiliated Fund

9.89

3.70

1M

conv

Convertible
Warrants

~lM

12

preferred........*

16M

M
39

Deb g 5s 1953

48

k

Feb.

7

8% Mar.31

92

2.67

93
2.95

nk

$5.50 prior pref

*

57

25

20
20

$2 preferred...

....

2.18

Foreign Bond Associates Inc.. 10c
Foreign Power Secur Corp—

6.44

Fourth National Investors—
Common with warrants...

30

31

51c

58c

17

ISM

3M
20 M

ment

23

30"

Corp 4 Ms 1959

100

79

J&D

97

97 M

y8

1
*
Bankers Securities Corp com..50
6% preferred
5(
Basic Industry Shares..
...!(
Blue Ridge Corp common...
1

m
5

19M

2.56
1
34 M

-.100

12.19

37c

20.1C

21.5

10M

Canadian lnternat Inv Trust—
5s series A 1959
A&O
Canadian Invest. Fund, Ltd
1
f

97

3.3C

3.6£

74

Capital Administration cl A....1

4M

5

3154

A*
40

60

10
„__*

Cent-Illinois Securities Corp.—l
$1.50 conv preferred
*
Cent Invest Corp 4-6s '57—A&O
Central Nat Corp class A....*

70

M

4*

14*
10
6

21*
1400
127

71c

5M
19J4
lVs

58c

84c

92c

90c

99c

......

1
*

4M

1948

31M

33"

40c

80c

.....1

5s series A

1947

Preferred

7c
8

35"

25

10c

~5M
4%

6M
5%

1.96

2M

10c

100
Nat Bond & Share Corp...
...»
National Investors.——.....1
Nat Republic Invest

5

4.88

17.88
12 M

75M

39

40

1.70
4.20

5M

2.46

2.56

1.01

1.12

9.78

10.52

1

M

100
100

—1

2.36
2.90
4.35
97c
18

Insurance

M

Building suppliesElectrical equipment

.....1

InvestDeb5sl954 M&S 16

1.06
23

Metals..............—.....

~T"

Economic Inv Tr Ltd 5sA'57M&N
Elec Shareholdings Corp com...1
*

JM
63

Ex-coupons.

5.59
5.61
7.63
5.79
6.27
7.17

....—.....

Machinery

26
15.11
100

675

....

4.95

'

Management

6.07
6.52

Aviation

16.23

......

Oils

-

Railroad equipment
Steel stocks

4.85

5.59

Niagara Share Corp (Md)—
Conv deb 5M® 1950---—M&N

~2M

B common

65

$6

/Flat^rice,

cum

——5

preferred—........100

* Last sale.

»

2

1

Agricultural————.—
stocks

1

1

3.70
1.28
2.57

Bank

4.35

25c

.......

preferred

5 % deb series A 1942

Nominal.

86 M

*

com.

Conv coll 4 Ms ser "11" *55 A&O
Railway & Util Invest A
1

Preferred
Reliance lnternat Corp

*

com

Preferred

7

6*

7*
2M

79
74
12

12
2

A

79
74

9M
81

IV*

82M

A

it*
48"

55*

30c

35c
5
93

4M
88

96

7

J!

98

8.
102

8M May

7

102

M Mar 29
5h

l5c
♦

Representative Trust Shares I" 10
Republic Investors Fund
25c
Reynolds Invest 5s 1948.—A&O
Common stock
$6 preferred
._*
Royalties Management A—...11
Schoellkopf Hutton and
Pomeroy Inc common
10c
Second Carey Trust
Second Nat Inv Corp Com—IIZl
$5 con v preferred
1
Securities Co of New Jersey—
6s series 4 Nov 1942
Securities Corp General com...*
$6 preferred
•
Selected Amer Shares Inc

.!.!2M

Selected Income Shares
Selected Industries com...
$5.50 prior stock
Conv preferred

...1
»

*

......

f

Allotment certificates
Shawmut Association
Shawmut Bank Inv Trust—

52 M

.......

*

4Mb Mar 1 1942.
M&f
5s March 1 1952
M&^
Solvay Amer Corp 5 M % prf—10(
Sovereign Invest. Inc., com—10<
Spanish & Gen Corp Ltd—
Am dep rets ord
reg
—.£1
Amer dep rets ord bearer...£1
Spencer Trask Fund Inc
*
Standard Amer Trust Shares

1

Standard Investing
Corp com..*
$5.50 preferred w w
*

Dej> SMs 1939

F&A 15

Standard Utilities Inc
50c
State St Investment
Corp.....
Suburban Elec. Securities
$4 cum 2d preferred
—...

Su^er Corj? cf Amer class A...2
class

B—1—iiiiiim:i;:~~2

Class BB........

1

21*

"~3
3

IIIIIII1

8.42

Investors...... 1
Tri-Continental Corp
*
6% cum preferred......
*
Warrants
5s

conv

deb

J*

1
6.58

7.06
7.31
6.06
6.09

8.26
6.28
6.80

7.76
5.27

6.06
88

Ex-dividend,

87

1953

..—J&J
Trusteed Amer Bank Shares B 25c
Trusteed
Industry Shares
Trustee N Y Bank Shares
Trustee Stand Invest ser O
Class D

59c
81c

1.10

50c
1

sharesAlIl
{

Underwriters Group—
Dividend Royalty Trust
Union Investment common
Conv deb 5s

!06H

25c

....1

Trustee Standard Oil

1946

*

fi&S

United N Y Bank Shares C3
*
United N Y Trust Shares ser F__*
U S Banking
Corp
__*
U S Elec Light & Pow tr ctf A
Trust ctfs series B
Voting shares
U S & Foreign Securities
com..*
$6 1st preferred
*
U. S. & International Sec
*

1st pref with

warrants..—..*

Utility Equities Corp.—
Conv preferred

5
7

Utility & Industrial Corp
5
Convertible preferred........7
Wellington Fund
......1
Western Reserve Investing—
Deb 5 Ms 1944
F&A
Wisconsin Bankshares
.......*

4M
474
89M Jan. 22

at

M&N

Railway & Light Securities

Shries B

2d preferred
New York Stocks, Inc.—

Diversified Trustee Shares

1.80

y
5M

New York Investors common...*
1st

9.62

11

73

*

23"

109

5M

4.46

8.80

4

6

—....

16.85

x

*
10c

Quarterly Income Shares..

Supervised Shares

Trust—

pref stamped

29M

115

7 % preferred

Third National
92

...1

common

Util Sec

Class D

20
lVs

National Bond & Invest com...*

New

SStt ^vesting 5s~1948_A&0

Class O

Major Shares Corp—
*
Manufacturers Finance (Bait)
m f coll 4
Ms series A 1942.A&O
Marine Midland Corp
5

Voting shares
New England Fund.,




3.86

1M

M&S f

Nat Trust Shares Unmodified

26M

3.48

10

Lawyers Mtge Inv (Boston)—

Nation Wide Securities Co

20

11.55

.......

Larkins Warr Trust

conv

2.14

8.63

10.53

5% preferred ser A w w_

'

13.55
13.17

7.88

Maryland Fund Inc

2c

12.38
12.08

Series 8-4

10

Q

....

*3"

...

26.32

1.82

«

19

20.82

Massachusetts Investors Trust.. 1
Mutual Investment Trust
10

2

M

2.91

19.03

16

3M Mar.

8.41

%

24.16

24 M

'

28M

7.88

B-2_.

1st 5 Ms series B 1940

101

.

Series B-l

1.82

♦No par value.

50

Series

35

M

'

7M
1M
434
1M

Keystone Custodian Fund—

15

.......

Vt

27
2.55

25

...

2.14

warr

4M
7M

Investors Fund of America
investors Fund of Amer Series OI
Investors Royalty
...1

1
.......1
Orum & Forster lnc com
10
8% preferred
100
Grum & Forster Insureh B
10
7% cum preferred
100
Cumulative Trust Shares
..♦
Deposited Bank Shs N Y ser A..1
Deposited Insur Shs. ser A....1

2.50
Dividend Shares
26c
Domestic & ForeignTn5Ms47F&A

1.2C

)
•

23

.....

pre! with

1.04

—.11

1
....1

conv

2.1i

J&P

investment Co of Amer

99 Ms
101M

2M

$6

2.0C

Series S-2

104 M

Eas Util

15.51

94c
1.14

insuranshares (Md) ctfs Inc
International Holdings & Inv

29 M
93

2%

Eaton & Howard
Fund A-l

14.5f

Series K-2-.

99 M

O shares
D shares

92

Deb g 5s Jan 1949
.—.F&A
Deb g 6s 1940 B with war..J&J
insuranshares Co of Delaware..)

46

103 M

Series B

4

3M

independence Trust Shares.....*
institutional Securities Ltd—

Series B-3-.......
Series K-l

*

(modified)
AGO (modified)

*/

5M
lk

*
*

Hydro Elec Sec com
*
illuminating & Power Securities—
1st preferred
...100
incorporated Investors
•

130
70

34

AA

1.07
98c

102 M

25

7 % conv preferred
100
Plymouth Fund Inc
10c
Prudential Investors..........*
$6 preferred
*

84c

98c

Tobacco Shares
Guardian Investors com
$6 1st preferred
$3 2nd preferred
$7 preferred
Debenture 5s series A
Huron Holding Corp

nffi*

Debenture 3 Ms 1951
J&J
Commonwealth Investment
1
Commonwealth Secure common. 1
Preferred
1
Consolidated Invest Trust com.l

Accumulative series...

61c

89c

a*

'

79c

55c

76c

...

52c

99 M
101M

6% preferred.
...100
Corp Secure 5% ctfs 1935.-M&S
Corporate Trust shares old ser..l

1.04

Railroad Equipment Shares..
Steel Shares

52

Continental Secur Corp com....*
5% preferred
100
Debenture 5s May 1 1942....
Continental Shares com
*

1.06

Petroleum Shares

42

....*
...

Food Shares

97c

$3 convertible pref A
Investment Bona & Share—

5

100
A&O
J&D

66c
1.11

95c

5

4

100
Cleve Securities 4-6s to 1943.J&J
Commercial Credit common.—10

93c

1.01

33

4M
19 M

City Investing Co

69M

Interstate Equity common—1

M
9h

....

AA

67 M

85c

2

...100
100
100
100

Warrants

64

1.84
93

*

Phoenix Sec
Corp
$3 conv pref class A

Pub

28

*
Convertible preferred
Christiana Securities com
100
Preferred..
.....100

preferred

60

lH

5

86

——*

Class B

4.11

25

*

Pittsburgh United Corp

84

Central States Elec Corp

4 M% conv preferred

15

Bank Group shares
Insurance Group Shares
insull Utility Invest—

76

.._......*

3 M % debentures 1951
2H% debentures 1942
Commercial Invest Trust

11M

94

Canadian Pow & Pap Invest Ltd—
Deb 5s series A 1958
F&A

7% preferred
Conv preferred..
Conv pref series of 1929
6% cum preferred
Century Shares-Trust...
Chicago Corporation

JM

37

13.04

9
22c

Bullock Fund Ltd

Class B

11

Investing shares
Merchandising Shares
Mining Shares

f
k
10

15

Boston Fund lnc
Boston Personal Prop Trust
*
British Type Investors........)
Broad St. Invest Co Inc.......6

$3 cum pref series A
Carey Trust

i

iy%

Building Shares
Chemical Shares.....

50

preferred

3.77

Aviation shares

....

Class A

17 M

Automobile Shares

82

5M

50

59c

30

13 M

27.30

*

A&O

Greenland Trust
Group Securities, Inc—
Agricultural Shares..

81

4M

102 M

1
1

........

27
28

...

42

*
Gleneagles Invest 5s June 15 1944
Great Brit & Canada Invest¬

28

6% preferred

conv

General Investors Trust
Gen'l Realty & Utilities com
$6 pref (with warrants)
German Credit & Investment
Pref allot ctf 25% 1st pref

4

Overseas Securities Co
*
Deb 5s Nov 1 1947
M&N
Deb 5s April 1 1948
A&O
Pacific Finance Corp (Calif)---10
Pacific Investing Deb 5s 1948 J&J
Pacific Southern Invest pref
*

!64

*

Option warrants.
Bancamerica-Blair Corp
Bankers Nat Investing com

$4.25

3M
24M

28

2
Atlantic Secur 4hs A 1953.A&O
Atlas Corporation common
5

Class B

—..*

Old Colony Invest Trust Com..*
Debenture 4 Ms Feb 1 1947

Debenture 4Ms Dec 15 1952—
Old Colony Trust Assoc
*

90

-102 M
25.39

Warrants

3M

1

"5%

79

17M

*

_

com——I.

4.50

5K

*

Deb 5s Feb 1 1952 without warr
General Capital Corp
....*
General Investment Corp
1

100

10-year deb 3s 1946

*

30

2.10

*
F&A
M&N

Preferred
l
Oklahoma County Trust——II10
Oklahoma Southern Trust
10

3.93
3.55

91

25

1

Common

"4M

88

1

Oils & Industries

14.08

49 M
4

Ask

share

1.82
2.14

1

Deb 6 Ms w w 1944

2

$6 preferred

96

Associated Stand. Oil Shs

conv

3M

24 M
26

(111)........*
25 k
25

5% preferred w w
5% preferred ex-warr.

$3

7

100

...—

3.55

13.02

Bid
Per

6.97

3.30

Fundamental Investors Inc
2
Fundamental Trust Shares Inc—

American Investors
$6 preferred w w

Par

1958
Northwest Bancorporation
Ohio Finance conv 5s 1951

1
1

Glass A

Bonds

100
North American Trust Shares—
1953
_*

50

10c

ana

6% preferred
5M% preferred...

3.22

series

Stocks

North American Bond Trust Ctfs
North Amer Invest Corp com. 100
Collateral 4s 1951
J&D

2.43

2.88

7.16
5.65

96

...

Associates Investment Co

stock

Class B

4*

*
J&J
M&N
...10c
...

Investment

17 M

General

2

....

7% preferred
8% preferred

15 %

10
20

2

6

$2M preferred...
$3 preferred
Amer General Equities Ins—25c
Amerex Holding Corp
....
Amer Insuranstocks Corp
Amer

18 M
64 M

1M

American & Continental Corp—
Amer Elec Sec par tic pref
..1

Common........

15.22

Common ex>warrants

23

1

American European Secur
Coll tr s f 5s 1958 ser A
5s series B 1958
American General Corp

*

—....10

%

10c

21

25

Class B

1

23 M
2M
16.38

Insurance stock series
Fixed Trust Shares series A
Series B

3

1M

10c
10c

S3 preferred
Amer Cities Pr & Lt cl A__
Class A opt div ser w w

25.97

1st coll tr conv 6s A 1949—J&D
Foundation Trust Shares ser A— 1

1M

"

...new

Class B

24.41

1

Fund, Inc.—

Bank

1956

Ask

share

M
20M
2M

preferred

Equity Shares
Fidelity Fund. Inc
^'ret Boston Corp

41

45

*
F&A

Amer Business Shares
Amer Capital Corp A

conv

Fiscal

Alliance Investment com
*
Allied Int Investing Corp com..*
$3 convertible preferred..
*
Amer British & Cont Com
*

$6 preferred

-qultable Invest Tr (Mass)—
HJoulty Corp common
10c
$3

Aldred Invest Trust

(Mass)—
Deb 4M« with comshs 1967—
Aldred Investment Corp (Can)—
Deb 4 Ma with com shs 1968—

Bid

Par

Per

9.30

1.25

com..

deb 5s 1944-47.—J&J
Air Investors lnc v t c
*
Sec

StockB and Bonds

share

3.36
95

Administered Fund 2d lnc—

and income and defaulted bonds

possible for the closing day of the month preceding the date of issue

as

y

Ex-stock dividend.

3M

Utilities

Public
(Includes street and electric railways, gas.

electric power, water, telegraph, telephone and bridge companies.)

NOTICE—All bond prices are "and interest" except where marked "f"
Quotations for all securities are as near as possible for the closing day of the

(Italy)—
A&O
Ala Gas Co 1st M 434s 1951-F&A
Alabama Power 1st ba 1946-M&S
1st & ref 5s 1951
J&J

8034

60
83

86

9734
9534

97
94

M&N

-

*

92

9034

104M

J&J

9934

J&J

73
65

Gen mtge 3Mb 1964
Atlantic City Gas 5s 1960
1st lien & ref 5s 1957

101

J&J

J&D

80

1st & ref 5s 1968
M&S
Alabama Water Service Co—
1st M 5s 1957 ser A
J&J

85

87

Atlantic City Sewerage—
1st s f 6s ser A 1956

-J&D

97

9834

Atlantic Co Wat 5s '58 ser

A M&S

7
85

Augusta Ry & El 1st 5s 1940 J&D
Aurora Elgin & Chicago Elec Ry

Calif Water &

68

102 M

Alliance Power 1st 6s 1.952
M&S /
Altoona & Logan Val Elec Ry—
1st coll 4s Jan 1 1954
J&J
Amarillo Gas 6s
1939
Amer Commonwealths
Deb g 6s 1952 ser A

—

Power

34
34
34

F&A /
M&N /

Deb g 534s 1953

Oonv deb 6s 1940
M&S /
Am Community Power—
6 Mb Certificates of deposit 1953 /
Amer Elec Pow deb 6s '57 M&S15 /

34
34
34

13

3934

4034

42

Am Pow & L deb 6s 2016—1"

73

75

Amer Rys Corp coll 4 Mb '53-1
Debenture 434s 1963
l
Amer States Public Serv—

49

52

34

39

Secured deb 3.60-6s 1953--J&D

Deb
Amer

6s

/
/

1938

7634
8

American Toll

.

65

Amer Water Works & Electric—

9234
82

Ana&Pot R RR-See WashRy
59

Anchorage Lt & Pow 7-5s'43 I
Androscoggin & Kennebec Ry-

./

40
10454
10034

42""
10534
10054
11254

Appalachian Power 6s 2024--J
Ardmore St Ry—See Phila Co
Arizona Ed 1st 5s 1948
J&J

111
79

81

A&O
J&J
A&O
F&A

84

87

31

35

Deb 6s Apr

32

34

96 m
6

98m

9834

34

J&J
Corp 5s series A 1957
J&J
Arkansas P & L 1st 5s 1956.A&0
Ark West Gas 1st 6s w w '39, J&J
Ashl'd Home Tel 4 34s A 1961A&0
Ashtabula Wat Wks 5s 1958-A&0
Assoc Elect 4Mb 1953
J&J
5s Jan 1 1961
J&J

94

86 M
94

m

J&D

87 M

94M

80
100 m
101

St&FulFy-See NY Rys
Bloomington Dec & Champagne
1st & ref 5s 1940
M&N
Bolivian Power 8s ser A '45-A&0
Boston Elevated Ry—
Deb g 4Mb Nov 1, 1941—M&N
Deb g 5s Dec 1942
J&D
West End St 5s 1944
M&S

M&S
Brandenburg (Germany) El Pr—
7s Sept 1947

36 m

43

44

F&A

35

3534

Bridgeport Gas Lt 4s 1952.-J&J

M&N
F&A

26
26

27

Brith Colum Pow 4Mb 1960.M&S
British Colum Tel 5s I960-- -J&D

Oonv deb 4 Ha 1949
J&J
Oonv deb 4 Ma 1948
M&S
Cons ref deb 5s 1968
A&O
Cons ref deb 4 Ma 1958—M&N

24 M
25

25

1st 4Ma series B 1961
Broad River Power Co—

25

26

Oonv invest ctfs 5 Ma '38.M&N
8 f inc deb 5 34s A 1983
F&A
8 f inc deb 5s B 1983
M&S

89

M&S
Bway & 7th Ave—See N Y Rys
Bklyn Borough Gas 5s 1967.F&A
Bklyn City RR 1st 5s 1941
J&J
Brooklyn Edison Co—
Consol mtge 334s 1966
M&N
Bklyn-Manhattan Transit Corp
Coll trust 4Mb 1966
—M&N
Coll trust 38 1939
;_M&N
Coll trust 3s 1940-.-M&N
Coll trust 3s 1941
M&N
Coll tr series 3 54s 1942—_ M&N
Coll trust ser 3Ma 1943—M&N
Coll trust ser 354 s 1944
M&N
Coll trust ser 3! s 1945—M&N
Col trust ser 3! s 1946—M&N
Coll trust ser 3h s 1947--M&N
Coll trust ser 31
vjuii wusu
oy\S 1948.-M&N
Coll trust ser 354s 1949—M&N
Coll trust ser 354s 1950--M&N
Coll trust series 3 )4s 1951 .M&N
Brooklyn City & Newtown RR—

Extl 1st

Associated Gas & Elec Co—
-

Oonv deb 5s 1950

23

90"

26
24

8 f inc deb 4 Ms C 1983—M&S
8 f inc deb 4s D 1983
M&S
8 f inc deb 5 34-6 Mb A 1986 F&A
8 fine deb 5-6sB 1986—-M&S
8 f inc deb 4 34-5 34s O '86.M&N

27

8 f inc deb 4-5s D

21

Oonv A 5s 2002

1986—-M&S
Q-F

Oonv A 6s 2002

Q-M

Oonv A 7s 2002

Q-F

22
20

25

27

23

434

1

5M
5M
6

Associated Gas & Elec Corp—

M&S

86

88 ex-warrants 1940

M&S

Conv deb

F&A

85 m
61

8-year 8%

ww

1940

534s 1973

Oonv deb 5s

1973

88

87tf

J&D

53

54M

J&D

49 M
48

51

A&O

80 M
26 M

M&N
M&S

Oonv deb4Hs 1973
Oonv deb 4s 1973

24M
24 m

3134
27 34
25M

M&S

Income deb 4Mb 1978
Income deb 4s 1978---

Income deb 3 Ma 1978
Income deb 3 Ms 1978

F&A

Assoc General Utilities—
Income debs w w 5s 1956-M&N

—-M&N

25 M

72

70

Income deb 4s 1961

Associated Pub Utilities Corp—
1st lien 5s 1947 ser A
J&J

65

A 1958
M&N
Associated Telep Co Ltd—
J&J

104

66

51

Deb 6s series

1st M 4s series B 1965

105

Deb 5Mb

1955

ser

A

M&N

72 M
28

28

M&S

27 M
27 M

2834
28 M

Certificates of deposit

2-yr6% notes 1933
A&O
Certificates of deposit
Athens (Ga) Ry & Electric—
1st & ref s f g 5s 1950
J&J
Atl Cons St RR—See Ga Ry & El
Atlanta Gas L 5s g
Gen mtge

1947——'J&D
M&S

4Mb 1955

5s

75M

1939

J&J

J&D

Buff Gen Elec 1st ref 5s 1939-J&J
Gen & ref 434s 1981
F&A
Buffalo Niagara Electric—
Gen & ref M 3 34s ser G '67-J&D
2s deb A 1938-1942
.J&D

112M

120 M

121

121M

122

119M

101

10234
71

30

33

2754
27V

29

26

27 M

27 34

33

,

Cent Mexico Lt
1st s f 6s 1940

81

30

4 34s 1940
J&D
Cent Pow 1st 5s 1957, ser D-J&J
Cent Pow & Lt 1st 5s 1956- -F&A

103
110

A&O

Conv deb
Cent Public

10524
106

MX
10734

90

2
2

/

55

Corp—
3034
3034

J&J

Conv deb 5s 1948

10624

75

10234

534s '49
F&A
Utii.(ws)inc534s-1952

Central States Elec

94

92

93

J&D

Central States Edison, Inc—
1st coll inc 3-5s 1950
M&S

92

10554
9334

sec

1st 634s series B 1951
Cent Pud Serv Corp—

101

106

80

J&J

10424

109

99
92

Cent Ohio L & P 1st 5s 1950-A&O
Conv

102

93

Pow

6724

Deb 534s 1954
M&S 15
Cent States Pow & Lt Corp—

1st M & 1st lien 534s
5s 1944

46 54

1953-J&J

31

J&J

Debenture

123

Cent States Utilities 6s 1938.J&J

3

Cent Telep (Del) 6s 1938—M&N
Cent Vermont Public Serv Corp

10

22

121

1st mtge 3348 ser B 1966—F&A
Charleston Cons Ry Gas & El
Consol gold 5s 1999
M&S

9854

20 M

115
101

113

10024
107
105

106"

83

8434

9954
101

98

Charleston Transit Co—

70

1st 5s 1942

98

44"
10424

104M

M&S

Gen & adj 5s 1942

M&S /

50

Coll trust 5s notes 1942

M&S

75

7834

82

85

Chattanooga Ry & Light—
1st & ref g 5s 1956 op '16-M&N
Chatt Rys 1st cons 5s '56.M&N
Ches & Pot Tel of Va 5s '43-M&N

51

90
60

,

51

51

46

51

46

51

46

51

46

51

46

51
51

46
46

51

46

51

34

40

M&S

103

10434

J&J

co

434

red and pay Aug
Certificates of

26

30"

20
65

82

Cons M 58

2434

ser

/

634
45

10734

/
/
/

3
234
234

354

/
/
A&O /
J&D /

47
46
834

48

1927

434

5

454
454
5
5
34
34

534
534

Chicago Rapid Transit Co—
1st & ref 634s 1944
J&J /
/
Certificates of deposit
1st & ref 6s 1953 ser A
J&J /
Certificates of deposit
/
Adjust deb 6s July, 1963—J&J /
Certificate of deposit
/
Chicago & West Towns Rys—
1st cum inc 5s 1937
J&J /
,

10534
9834

10534
96

83

8034

6634

6434
10234
11054

103

111

J&D

Chippewa Power 6s 1947

102

Buffalo Traction
Buffalo & Lockport

1st 6s 1955

y.

-

-

-

-

*.

-

-

-

_

95

1st mtge 3 34s 1966
F&A
1st mtge 3 34s 1967
J&D
Cin Newport & Gov L & T—
1st ref 6s 1947 series A
J&J
Cincinnati Street Ry—
1st m 5348 ser A 1952

108

See

-

—

107

3

3

52

934

6
6

134
134
7

105

Cincinnati Gas & Electric—

108

f Internat ional R
113
Burlington (Vt) G L 5s 1955—J&J
10454
Butler Water 5s 1957 A
-A&O
10534
Butte El & P 1st s f 5s 1951. J&D
Cairo Bridge 1st Inc 6 34s '58.J&J /
45
9734
Calgary Power 1st 5s I960--A&O

7

4634

10654
10534

1, 1933—F&A
deposit

A Feb '27

Series B Feb,

7454

80
22

.

)

1st 434s 1958 series A

Chicago City & Connecting Ry
Coll tr s f g 5s Jan 1,1927-A&O
Chicago City Ry—
1st 5s (15% paid) 1927—F&A
Chic Dist Elec Generating—
1st M 4Mb 1970
M&S
1st 6s series B 1961
M&N
Chic North Shore & Milw RR—
1st mtge gold 5s 1936
J&J
1st & ref 6s 1955 ser A
J&J
1st & ref 534s 1956
A&O
Chicago Railways Co—
1st 5s 1927 stpd as to 25% pt

60

46

76

73

Chic Aurora & Elgin RR—
1st & ref 6s 1951—

5234

46

.

10734

Chester Water Service Co—

109

Nominal.

&

82

??*

100

n

9734
9934
10534
10434
96 m

Central N Y Power Corp—
Gen mtge 3 Ms 1962

101*

10034

k Last sale,

10134

Cent Maine Pr 5s '39 op '19-M&N
1st & gen 4s ser G 1960
A&O
1st & gen M 3 348 ser H '66-F&A

28

10434

108

Cent Iowa Telep 534s A 1947-J&J
Central Kansas Pr 6s 1946--M&S

68

loo"

.—.J&D

97
103

1st & ref 5s 1956 ser E—M&N
1st mtge 434s 1967 ser F__J&D
1st & ref 5s 1968 ser G
M&N
1st & ref 434s 1981 ser H
J&D
Cent Indiana Gas 5s 1957
M&S
Central Indiana Power Co—
1st & ref 6s 1947 ser A
J&J

12854

98

98

10824

Central Illinois Public Service—

11754
12754

98

107 M

109

M&S

112

98

\

26

Corp—
J&D

F&A
1st & ref 6s 1952
J&D
Cent Illinois Light 334s '66. _A&0

334s deb O 1948-1952
J&D
Buff & Niag Falls El L & Power—
1st gold 5s 1942
F&A

109

9734
7034
6534

1946.M&S

Cent Ills Elec & Gas Co—
1st & ref 5s 1951

99 M

-J&D

3s deb B 1943-1947

/This price Includes accrued Interest,




J&D

Brooklyn Queens Co & Sub¬
let m g 5s 1941 (stpd)
J&J
1st con 5s July *41 (stp)—M&N
Bklyn Un Elev 5s 1950
F&A
Kings Co El 1st 4s 1949---F&A
Nassau Elec 1st g 4s 1951--J&J
Bklyn Un Elev—See BklynQueens
Bklyn Un Gas 1st cons5sg'45M&N
1st lien & ref 6s'47 ser A..M&N
1st I ien & ref 5s ser B 1957 M&N

1st s f 5s 1964

b Basis.

.M&N

f 6s 1953

Deb 5s 1950

Oonv deb 5Ma 1944 ser C-M&N
Certificates of deposit

Oonv deb 6s 1941

s

1st & ref 5s 1954 ser A

Associated Telep & Teleg Co—
Assoc Telep Util deb 5s 1942A&0
Certificates of deposit--.—

10

3

98 M

F&A

1957 ser C

Blackstone Val G & E 5s '39.J&A
M & coll tr 4s ser O '65
M&N

35 M

Oonv deb 5 Mb 1977
Oonv deb 5s 1965

1st & ref 5s 1941
1st & ref 3Ma 1965.

88

Bleecker

94

M&N

Cent Hud Gas & Elec

A&O/

1956

5s 1954 ser B

Ark Louisiana Gas 4s 1951--J&J
Ark & Mo Pow 1st 6s 1953—J&J

A&O
Rys—

F&A
Birmingham Elec 4Mb 1968.M&S
Birmingham Gas 1st 5s '59-M&N
6% notes extended 1938—A&O
Birmingham Water Works Co—
1st m 534s 1954 ser A
A&O

1st & ref 4hs 1950F&A
Arkansas El & Wat 6s 1944-F&A

Deb 634s 1935
1st s f 7s 1953

1,1955

1st mtges f 634s

1st mtge 5s

10

101

99 M

87

8234
105

First lien coll tr 534s '46--J&D
Central German Pow 6s *34. J&D

_

4s series O 1956

1st

100

Central Gas & Elec 6s

45

Biddeford & Saco Water—

98

Arizona Power 5s 1950

101

J&D

63

8734
11334

1st & coll tr 5s 1948 ser A„F&A
Central Elec of N J 5s 1940--J&J
Cent El & Tel 1st 5s scr A '55 J&J

„

Berlin Elec Elev & Underg

-

1st 6s 1945
Income 5a 1960
Income 6s 1960

Bell Telephone

98

103

J&J

10454

B
—F&A
Bear Mt Hud Riv Bdge Co—
1st 7s 1953
A&O
8 f income 8s 1953
.—.A&O
Bear Val Mut Water 5s 1951-J&J
Beauharnois Power Corp—
Coll trust s f 58 1973
A&O

Berlin City Elect 634s 1951—J&D
Sink fund deb 6 Ma 1959--F&A

40

-1

lst 6s 1940

Androscoggin W Pow 6s '45-1
Appalachian Elec Power—
1st mtge 4s 1963
I

Cedar RapMfg & P 5s *53
Cent Ark Pub Serv Corp—

105

1st M 5s 1959 ser

61

103"

102

62

79/

Capital Traction (Wash, D C)—
1st g 5s June 1, 1947
J«D
Carolina P & L 1st 5s 1956—A&O

108

105 M
82

J&D

Berkshire Street Ry—
•1st extend 6s 1947

100

21

Co—

9454
8334

102

Bridge—
62

18

of Canada—
1st g 5s 1955 ser A
M&S
1st g 5s 1957 ser B
—J&D
1st mtge 5s 1960 ser C
M&N
Bell Telep Co of Pennsylvania—
1st & ref 5s 1948 ser B
J&J
1st & ref 5s 1960 ser C
A&O
Bellows Falls Hydro-Elec Corp—
1st mtge 5s 1958
A&O
Bergen Turnpike 5s 1951
J&J

10254

101

M&S

634s 1951—

M&S
'56J&J
Cape & Vlne'd El 4s A *65—J&J

_

_

Baton Rouge Electric
1st mtge 534s 1954

104

1st mtge 5s ser A 1955
Canadian West Telep 534s

18

80
92

Beaver Valley Trac 5a 1950-A&O
Beaver Valley Water 5s '60-M&N
113

11254
10254
10154

Term

17

Deb 4s series A 1975

.

Telep & Teleg—

10

106

1st mtge 3M8 1966---——J&J
Barstow (W 8) deb 6s 1942-A&O

108

103

Canadian Utilities Ltd—

4834

634
12

Amer & Foreign Power Co—
Deb g 5s 2030
4634
M&S
Amer Fuel & Pow 7s 1934.J&J /
11
Amer G & E deb 5s 2028
M&N
10734
38
Am Gas & Pow deb 3-5s '53-F&A

54

prin paid) 1927 F&A f

1st 4 J4s 1960
A&O
Camden & Sub Ry—See P S Corp
Canada Nor Pow coll 5s '53.M&N
Canadian L & P 5s '49 op *14 J&J

Baltimore Transit Co—

14"

.

9934
102 M

Canadian Rail & Harbor—

—J&J
Deb 5s series A 1975
J&J
Deb 5s series B 1975-——-J&J
Bangor Gas Light 5s 1941— A&O
Bangor Hydro Electric—

•

Telephone—

Camden & Rockland Water—

103 M

5
100

Ltd 4Mb '58--A&O
Water & Elec
M&N

/alon Telep

Baltimore County
1st 5s 1946

96

1st (35%

105M

A&O

1st 5s 1941
64

92

8534
10234

1st mtge 5s 1965
M&S
Calumet G & E 5Ma B 1960-J&J
Calumet & South Chicago Ry—

76

99 M

Allegheny Gas Corp 6 34s ctfs '43 /

Bid

California-Oregon Power—
Deb gold 534s 1942
A&O
1st mtge 4s 1966
A&O
Calif Water Serv 4s B 1961.M&N

Atlanta Nor Ry—See

Adriatic Electric Co
Extl s f 7s 1952

1st & ref 5s 1956
1st & ref 434s 1967

Ga Ry & El
Atlanta Wat El & Pr 5s 1943 J&J
Atl Beach Bridge 6 Ma 1942..F&A

Bonds

Ask

Bid

Bonds

Ask

Bid

Bonds

and income and defaulted bonds
month preceding the date of issue

98

97

ser

B

._A&0
A&O

10634
10754

10634
109

88

90

77
79

80

85

74

PUBLIC

UTILITY

BONDS

NOTICE—All

bond prices are "and Interest" except where marked "f" and income and defaulted bonds
Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue

Bonds

Bid

Cities Serv deb 5s Jan 1966. M&S

tin

Deb g 5s Apr 1958———A&O
Deb g 5s 1963
M&N
Deb 5s 1969
M&S
Conv deb 5s 1950
J&D

■

55%
55 %
56

Cities Service Gas Co—
1st M pipe line 5 Ms 1942.M&N

1st 5s series A 1953-,
J&J
Citizens Water (Washington, Pal
6 Ms series A 1951
J&J

49 M

1941

56%
56%
56%

56%
100

102

53%
55

28%

69"

101

--

--

105 %

f

J&D

5Ms 1959
Delaware Power &

108%
101%

44"
88%

87

93

J&J 15

85

87

Columbia River Longview Bridge
6 Ms stamped 1953
A&O /

2M

103%
102%

Columbus Ry Pow & Light—
1st mtge & coll tr 4s 1965.M&N
ser

A

107 M

110%
110%

J&J

_

1st M 3 Ms

ser

108

111*2
108

lio"

106

107

Com'w'lth EI 5s June 1 '43-M&S
113
Commonwealth Gas Corp—
Non-cum inc deb 6s (w s) 1948- /
45
Non-cum inc deb 6s (x s) 1948- / 22
Commonwealth Lt & Power—
Ref & unif 7s 1962

J&J /

_

1957-

65

60
36

104%
101

jJ

124

130

106%

Detroit Edison—
Gen & ref 4Ms 1961 ser D.F&A
Gen & ref 5s ser E 1952.-A&O
Gen & ref M 4s ser F 1965. A&O

68
103

103 M

103%
103%

102 %

101M

-

-

103

101%

41%

43%

nH

45%

104%
122%
105%
105

J&D

45 %
105
124

A&O
Oonsol Hydro-Elec Wks of
Upper

107

Wuerttemburg 1st 7s *56-J&J /
Cons Tr (N J)—See Pub Ser
Corp
Consolidated Water of Utica—

21%

1st 4 Ms 1958
1st M 5s 1958

M&N
.M&N

61
61

1st mtge 3M8 1965.
1st mtge 3""

25

91%

95%

94

Oonsum L H & P Co (Eliz, N J)—
5s
1938
J&D
Consumers Power Co—

104

101%

99

110%

4

3%
3%
1%
1%

4

1%
1%

107%
104%
104%
104%
101%

■

1.

•

-

'

96"
78"

80

22

23%
30

70
99

55"

52

5s series B 1953

J&J
Eastern Shore Pub Service Co—

1st mtge 3

,

/

105%

97

79%
23

90

10

15

67%

70

Sinking fund debs 5s 1946-J&D
lorida Pow & Lt 1st 5s '54—J&J
Florida Public Service Co—
1st 4s series C 1955
J&J

83%
82%

84%
84%

Florida

89

91

99

101

69

Telep 1st 6s 1945.-A&O
Un

Wat

6s

1935—J&J

Equip trust 5 Ms to 1938—A&O 6 1.50
Equip trust 4 Ms to 1941--F&A b 2.75
Equip trust 4 Ms to 1943- -M&8 b 2.85
Equip trust 4s to 1946—M&S b 3.25
Fullerton-Portsmouth Bridge—
f 6s

M&S

s

1957

1st M s f g 5s 1954
opt
Gandy Bridge (Tampa)
1st mtge s f 5 Ms 1957
Gary Elec & Gas Co—

105

98

.

76%
100

101
60

64

67
73

80

73

65

A&O

94

97

1st lien coll 5s x-w 1944
J&J
58 with warrants 1944--J&J

87

w*
87

85

Gary Rys Co 6 Ms ser A 1945 F&A f 40
Gary Street Ry 1st 5s 1937.-A&O
Gas Co of New Mex 6 Ms *44 M&S
Gas & El of Bergen Co 5s '49. J&D
118"
Gen 5s Nov 1,1954
118
M&N
Gatineau Pow 1st 5s 1956
J&D
103%
Debenture gold 6s 1941 J&D 15
101
Deb 6s 1941 series B.
A&O
100%
General Gas & Electric Corp—
Scrip 4s due 1942.
/ 25
General Public Service Corp—
Conv deb 5s 1953
77
J&J
Conv deb 5 Ms 1939
96
J&J
General Public Utilities—
1st M coll tr 6 M« ser A'56_A&0
69
1st mtge & coll 6Ms C55.A&0
68
General Water Wks & El
Corp—
1st lien & col 5s 1943 ser A. J&D
80
113
Georgetown Gas Lt 1st 5s'61 F&A
-

—

Ga-Caro Pow 1st

f 5s '52--J&J
Georgia Power 1st 5s 1967—M&S
Georgia Power & Light Co—
1st mtge 5s 1978
J&D

.

51*

35
81
97
72

70
81

87%

50

53

Atlanta Northern Ry Co—
1st guar 5s 1954 op 1990-J&J

100

Great Cons Elec Pow (Japan)—
1st M 7s 1944
—-F&A
1st & gen 6 Ms 1950
J&J
Great Lakes Power Ltd—
lsts f 4Mb 1956
M&S
Great Lakes Utilities Co—
1st lien coll tr 5 Ms 1942..M&N
Great Northern Power—
1st 5s

29%
103%
15

60

65

95

96

54

107%

102%

55%
112

102%

Greenwich Wat & Gas System—
A&O
A&O

16

70

F&A

Col tr 5s 1952 series A
Col tr 5s 1952 series B

104%

69

F&A

1st mtge 5s 1948

104

94"

104"
101%
101%

100

"i%
53

94

86%

Georgia Ry & Elec—
Atlanta Cons St 5s 1939.-J&J

stamped 1950

29

31%

100

s

Green Bay & Miss Canal—
1st & ref 4 Ms 1953
M&S
Green Mountain Power Corp—

75

2.00%
2.50%

-A&O /

Gesfurel 6s 1953 x w
J&D /
Grand Rapids Gas L 5s '39.F&A
Grand Rapids Ry 1st 7s '39.M&N /

100

1.00%

2.00%

80

23"

21
100

75%

70%

66

Galv-Houston Co inc 6s *55-J&D
Galveston-Houston Elec Ry—

96

/

1st mtge colltr 7s 1958
J&J f
Adjt 6s due July 1958
A&O '
Eastern Minn Pow 5Ms 1951 M&S
Eastern Oregon Lt & Power—
5 Ms series A 1951
M&S

103%

98%

101

97

100%

96

Gyilford-Chester Water5s '39 J&J

102

Gulf Coast Water 1st 5s '48.F&A
Gulf Power 1st 5s 1968
A&O

48
100

M&S

97

98

1st M & 1st lien 5s 1955 B M&S
Easton Consol El 5s 1949 —M&N

95

96

98

Gulf Public Service Co—
1st mtge 6s 1945

Economy Lt & Pr (111) 5s '56. J&D

113

51"
102%

Gulf States Utilities Co—

m

5Ms 1947 ser A

1st M & ref 4s

1st M s f July 1. '65.J&J ; 107%
Ill(Bkn)See Kings Co EL&P
(N Y)—See N Y G
Edison Sault Elec4Ms, 1961 A&O
95
Electric Ferries 7s (w-s) '41-A&O
92
Elec & Peoples.
See Phila R T
Electric Pow Corp (Germany)—
lsts f 6 Ms 1950M&S / 22%
1st sink fund 6 Ms 1953—A&O /
22%
Electric P & L Deb 5s 2030-F&A
67%

108%

Ed E.

Edison El III

Eliz

108%

92

96"

—

102

Eastern Lt & Pow s f 5s 1964 M&N
Eastern Mass Street Ry Co—
Ref m 4 Ms 1948 A
J&J
Ref m 5s 1948 B
J&J
Ref 6s Jan 1948ser G--M&8 15
Ref 6s series D Jan 1 1948.A&O
Ref 6s series E Jan 1 1948-A&O
Eastern Michigan Rys—

&

Raritan

69

Trenton

Elmira

Water, Light & RR—

1st & con g

5s 1956

M&S

103

104%

105

10-year 4Ms deb 1946
A&O
Hackensack Wat 4s'52 op'12 J&J
Gen&ref 5s June 15*77 A J&D15

103

104%

108%

1977

ser

B.J&J

106%

110

Extl g s f deb 7s 1935.„M&N /
33%
Hamburg (Germany) Elev Undergound & St Rys 5%s'38.-J&D /
24%
Hamilton Gas 6 Ms Aw w '37 J&D /
36
108
Harrisburg Gas 5s 1970--.M&N
Havan& Elec Ry 5s 1952—•_ F&A /
40
5M8 (Sept'31 coup on)'51-M&S /
1
Hempstead & Oyster Bay—
Water 6% July 1 serially
90
Hest Man & Fair Pass Ry—See P hil R T

A&O

Houston Elec 1st 6s B 1950. J&D
Houston Gas Secure 5s 1952.M&S

37%

106

Elec Co—

1st 5 Ms series B 1955

73%

90

104

Home Tel & Tel (Ft Wayne)—
1st 6s series A 1943
J&J

104%
101%

86

103%

5Ms June 15,

24%
24%

A&O

O 1966—A&O

ser

Hamburg (Germany)

See
RivlPublic Serv
RR J
Corp

Eliz &

M&N

95

M&S
M&S

60%

108

107%

Eliz Plainf & Cent J1

100

94%

(Internat ser) 1942—M&S

84%

112%

1st conv 6s ctfs. 1945
M&S]
/ 10
Duquesne Light—See Phila Co
Duquesne Nat Gas 7s 1948..J&
65
Duquesne Trac—See Phila Co
Durham Pub Ser 7s A '49—A&
97
Durham Trac 1st 5s 1941
102
M&S

Kootenay Pow 1st 7s '42.A&0

104"

59%

1st

80%

84"

East Prussian Pow 6s '53
J&D
E St L & Interurb Wat 5s *42 J&J
1st mtge 68 1942
J&J
1st m 5s 1960 ser D
-F&A

20

83%

Edison Elec Ilium of Boston-

95

Corp 6% notes, 1940

16%

Corp—

East Coast Pub Serv 4s 1948 F&A
East Jersey St Ry 5s 1944._M&N

18"
105%

Fruit Growers' Express—

'

1st

135

A&O

Stamped

Fontana

107%

3 Ms

59%
59%

A_. J&D

■

90

Internationa]

126

69

111%

lorida Power Corp—
1st mtge 4s series C 1966--J&D

109"

110

Bridge—
F&A /
f
F&A /
Certificates of deposit
f
Det & Pt Huron Shore Line—
1st gold 5s 1950
J&J /
Dom Elec Pow 5Ms 1955-.-M&S
Dominion Gas & El 6 Ms '45. J&J
Dortmund Munic Util (Germany)
20-yr s f 6 Ms 1948A&O /
Duluth-Superior Transit—

53

1st lien col tr 5 Ms 1957—M&S

112%
107%

1st mtge 8 f 6 Ms 1952
Certificates of deposit
S f deb g 7s 1952

---.

51%

Federal Water Service Corp—
Conv deb 5 Ms 1954
M&N
ederated Utilities Inc—

-

1st m & coll tr 4s A 1956.M&S
Eastern Iowa Pow 6 Ms 1943.M&S

107%
107%

99

ed'l Pow & Lt 6s Nov 1.1965.— /
Federal St & Pleasant Valley
Pass Ry 5s May 1 1942
J&J

101%

Eastern Gas & Fuel Assoc—

99 M

Aug 1 1962. _M&N
6s series B 1962
F&A
Collateral 6s 1957F&A
Oonsol Gas of Bait 5s 1939--J&J
Gen g 4 Ms Apr 1954
A&O
Oonsol Gas Elec Lt & P (Bait)—
Ref mtge s f 3 Ms 1971
J&D
Cons Gas (NY) deb 4
Ms '51 J&D X
Oonsol Gas Utilities Co—

102

86

J&J

A

92%

103

1st lien g 6s 1942 stpd
Debenture 6s 1954 ser B._ J&D

108

109%
105%
105%
102%

108
107

122

90%

ederal Light & Traction—
1st 5s (Amer series) 1942.M&S

_

Certificates of deposit
/ 36
s f deb 6
2%
Ms 1948. -M&N /
Certificates of deposit
/
,2*
1st 5s, 1966
79
M&N
Detroit City Gas Co—
1st mtge 68 1947 series A--J&J
103%
1st mtge 5s 1950 series B—A&O
101

E.

127 M
108 M
104 M

A

ser

8%

35

20-year 3 Ms debs 1958—-J&J
Oonsol Electric & Gas

6s unstamped 1943
6s stamped 1943

99

7%

35

1st lien 5s 1962 stamped. .Ji
Oonsol Edison Co of N Y—
Debenture 3 Ms 1946
A&O
Debenture 3 Ms 1948
A&O
Debenture 3M8 1956.—A&O

.

71%

98 M

58

25-year deb 3Ms 1956—M&S
Conn Ltg & Pow 5s 1939---J&J
Connecticut Power—
1st & coll trust 5s 1956—J&J
Conn Ry & Lt 4Ms 1951—J&J
Stamped guaranteed opt--J&J
Conn Riv Pow 3 Ms ser Ar61 F&A
Oonnellsv Wat 5s Oct 2 '39-A&0
Consolidated Cities L P & Tr—

-

M&N

97

63

1st & ref s f 7s '51 ser A-.M&N
1st & ref M 3 Ms ser F '66-M&S
1st & ref M 3 Ms ser G '66-J&D

ser

25

119%

Rys—1st 6s 1954---.-A&O /

1st 58

103%
107%
43%
108%
108%

68

70
^

Teleph 5s Jan 1 1949 /

108%

1st cons mtge 6s 1943
101
A&O
Des Moines Gas Co—
1st mtge 5s 1956
105
M&S
Des Moines Ry 1 st inc 5s Jan 1 '55 /
15%
Detroit & Canada Tunnel—
1st mtge s f 6s 1953
M&N / 36

Detroit

J&D
M&S

5s 1952

15
104%
1941A&0 / 10
Fall River Elec Lt 5s 1945.
I&J
106%
1st mtge 3 Ms ser A 1968--M&N

108%

J&J

1969

Conv

m

Erie Ltg 1st m 5s 1967
Erie & Suburban Ry 5s

108

Stamped as to Pa tax
Denver Tramway Corp—

Duquesne Gas

Water Service Co—
Deb g 6s 1946 ser A
J&b
Deb g 5Ms 1946 ser B___M&S
Conestoga Trac 1st 4s 1950--J&J
Coney Isl & Bkiyn cons 4s *48 J&J
Connecticut Light & Power—

Coll 6s

15
95

M&S

Pub Ser 5s I960-J&J

50
24

62

Com'w'lth Tel (Pa) 5%s '45 M&N
Com'w'lth Tel(Wis)4sserA 1M&S
Community Power & Light Co—

Col M 5s
Community
Community
Community

110%
110%

111%

H 1965—A&O

uric

108%

Gen & ref M 3 Ms ser G '66M&S

1st M col 5s 1954 ser B
J&D
1st M col 4Mb 1956 ser O.A&O
1st M col 4Mb 1957 ser D.J&J
1st M 4s 1981 ser F
M&S

40

57

J&J

1971

1st & ref 5s 1951

Commonwealth-Edison Co—
1st M 5s 1953

101%

*

96

103

104%

mpire Gas & Elec and Empire

Light Co

ser

100%
104

Coke jt 1st &ref 5s'41 opt. M&S
ircole Marelli El Mfg Co (Italy)
1st s f 6 Ms 1953 with war M&N
auit G & E Utica 5s 1942.A&O
irie Co Electric 6s 1959
J&J

96"

100

J&J

Gen & ref 5s 1950

88

Columbus (Ga) Elec & Power—
1st & ref 6s 1947 ser A—J&D
1st & ref 5s 1954 ser B
M&N

M 4Mb

J&J

J&D

-

Deb

Ask

UO—

mpire Gas & Electric Co—
Gen & ref 6s ser A 1952._J&D

34

55

1st & ref M 3 Ms 1960
A&O
Delaware Elec Power Co—

1st mtge g 4Mb

A&O 15

Deb 5s Jan 15, 1961

65

107%

Dallas Ry & Ter 1st 6s 1951.J&J

JGil

1st & ref

103

F&A

Dallas Gas 1st 6s 1941
Dallas Power & Light—
1st mtge 3 Ms 1967

ttOU

mpire District Elec Co—

100

A&O
A&O

-I

1st mtge 4Ms ser A 1951
Conv deb 4 Ms 1946

100%

J&J

1st mtge g 4Mb 1969
J&J
Delaware Vail Util 6s 1952.M&N
Denv Gas & El 1st g 5s '49--M&N

41"

91

105 M
38

Colo Utilities 1st 5 Ms 1958.M&S
Columbia Gas & Elec Corp—
Deb g 5s 1952
M&N

_

1st mtge 5s 1966
General 5s 1966

50

108
38

M&S

Colorado Cent Pow 5Ms '46. J&D
Colorado Power 1st 5s 53.-M&N

Deb g 5s 1952

85

1st mtge 3 Ms 1966
A&O
100%
Cumberland Gas 6s w-s 1948M&N / 30
Cumberland Valley Telephone—

1st

Cleveland Elec Ilium—
Gen mtge 3 Ms July 1, '65.J&J
107 %
Cleveland Ry 1st 5s A 1945-M&S
100
Cleve South w Ry & Light—
Gen & con 5s 1954
M&S /
2
Coast Cos Gas & Elec—
f 4s series B 1965
Colonial Util 5Ms 1958

82

Copper DistPow4Ms 1956.-J&D

88"
65

Council Bluffs Gas 5s 1948--M&N
86
102
County Gas of Dallas 5s '46 A&O
60
bounty Gas (N J) 5s Jan 1 ,1952.
Crescent Public Service Co—
Coll inc 6s B Oct 1 ,1954--J&D /
31
Cuban Telep conv 5s 1951
J&J
91%
1st lien & ref 7 Ms 1941.-M&S
90%
Cumberland Co (Me) Pow & Lt—

Bid

1st m 58 1950 ser A
1 Paso Nat Gas—

12
85%

Dayton Power & Light—

92

8

1

64

Telep 5s 1953--F&A
RivBrl'geinc 1st 6s'58M&N

Bonds

78

77%

Continental
loo per

Ask

105
Danville Tr & Pow 1st 5s '41.J&J
38%
Darby Med & Ches Ry—See Phila R Tr
Dawson Ry & Coal 5s 1951—J&J
84

101

J&D

1st M 5s 1954 series B
J&D
1st M 5s 1957 series CL_-B

1st

Bid

Danbury & Beth Gas 6s 1948 F&A
63

City Water (Chattanooga)—

Clarksbur y-Colum bus
Short Route Bdge 6 Ms '52-.
Clear Springs Water Serv—

Bonds
lontin Gas & El deb 5s 1958 F&A
Continental Pub Serv 6s '40-J&D /

33%

103 M
102

J&J

City Gas & Elec 1st 6Ms '51.J&J /
City Light & Traction (Sedalia,
Mo) 1st s f 5s 1952
J&D
City & Sub PS—See Un Rys of St L
City & Sub Ry—See Wash Ry & El
City of New Castle Water—
5s

65

.

99%

Cities Service Gas Pipe Line Co—
1st M 6s 1943
J&J
101 %
Cities Service Power & Light—
Deb 5 Ms 1952
52 M
M&N
Deb 5Ms 1949
52 M
J&D
Citizens Independent Telephone
1st mtges f 4%sser A'61—J&J
102 M
Citizens Utilities Co—
Income notes 3s 1955
P&A /
27
Citizens Water (Scottdale)—

5s series B 1951

Ask

37%
28
39

109%

"I %

105
105

84%

87%
100

Houston Gulf Gas—

1st M & col 68 1943 ser A.A&O
Deb 6 Ms 1943 with war—A&O

/

*

Called July 1 at 101.




X Called June 1 at 105.

6 Basis.

/This price Includes accrued Interest,

k Last sale,

n

Nominal.

103%

104

100

101%

NOTICE—All

bond

price*

where marked "f" and income and defaulted bonds
possible for the closing day of the month preceding the date of issue

"and Interest" except

are

Quotations for all securities are as near as

Bid

Bonds

Bonds

Bid

Ask

Houston Light & Power
1st mtge 3 Ms 1966
—J&D
Houston Natural Gas Corp—

106

106 M

coll 6s '43 with warr_J&D

102

Jackson County (Mo)
1st 6s series A 1956

Hudson Co Gas 5s g 1949-.MAN
Hudson River Trac 5s 1950-M&S

120 M
60

Jacksonv (Fla) Gas—
5s stamped 1942-

Hunt'g'n Wat 1st M 6s '54A M&S
1st M 5s 1954 ser B
M&S
1st 5s ser O 1962
A&O
Hydro El Bond & Sh 5s 1957M&N
Hydro El Corp (Va) 5s 1958. J&D
Hydro Elec Power Commission

103

Income deb 6s ser

101

James River Bridge

J&J

103

104

118

120

1st

m

(Ontario) 3 Ms 1943
4Mb due Jan 1.1970
3 Ms 1947—

Italian

Illinois Bell Tel 3 Ms B

108 M

109

M&S

8 f deb 5>us 1957

Illinois Water Service Co—

97 M
55

53

Kan City Pub Serv 6s A
1st 6-7s series B 1951
1st ref 4s series O

107 M

92

Deb

1st

87

M&N

Indiana Gas Light 6s 1941 M&N
Indiana Gas Utilities 5s 1946.J&J
Indiana General Service—
1st M 5s 1948
..J&J
Indiana Hydro-Elec Power—
1st mtge 5s 1958sar A
,.M&N
Indiana & Mich El 5s 1957—F&A
1st & ref 5s 1955
M&S

85

89

88 M

91

76

77 H

57

60

109

77 M

81

107 M

55

J&D f
J&J

10

20

90

93

52

55

Indiana & S W Gas & Util—

ser

J&J

A

...J&J
F&A /
Certificates of deposit
f
Sinking fund deb 7s 1938.F&A /
Inland Pow & L s f 6s '36 A.M&S f
Coll tr s f 6s 1941 ser B—.M&N /
Coll tr 6s 1957 ser C.
A&O f
Debs f 7s 1935
J&D /
Inland Telep 1st 6s 1948
A&O
Inter borough Rapid Transit—
1st & ref g 5s '66 op tax-ex.J&J /
Certificates of deposit
f
6% notes 1932
A&O /
Certificates of deposit
f
Conv g 7% note 1932
M&S /
Certificates of deposit
/
Secured 5s 1958
Inland Gas 6 Ms 1938

Inter continents Power Co—
Debs A 68 1948
J&D /

International Hydro-Elec System
Conv deb 6s 1944 w w
A&O
Internat'l Pow Ltd 6Ms 1957M&S
Deb 6s 1957
M&S
Debentures 6s 1955
J&J
International Power Sec Corp—
6 M % sec bonds 1955 ser C J&D
Sec 7s 1957 ser E
—...F&A
Sec 7s 1952 ser F
J&J15
International Railway (Buffalo)Buff Trac 1st 5s 1948
J&D
Buff & Lock 1st g 5s 1938. .J&J
Internat Ry ref 5s '62 op.M&N

International Telep & Teleg—
Deb g 4Mb 1952
J__
Conv deb 4M« 1939
J&J
Deb 5s 1955.
F&A
Int-State Bridge 4-6 Ms '50 M&N
Interstate Gas & El 6s 1951. .J&D

1st 4s

ser

A 1961

40

87

Deb

5s

1968

/

50 M
48

51M

17
16

20

48M
46

50

—

«•

82

77

78
78

77

78 M
97

99

90

92

101

103

w

—

1958———-J&D

104

Wyoming Val RK

F&A /
F&A /

—-

1948

F&A

B
Lehigh Power Securities—
Deb g 6s 2026 ser A
Lehigh Valley Transit—
60

1st extend 4s

60M

65

F&A

57

65

80

85

98

100

36

40

60

61M

89 M
62 Vs

90

'

65

53

58

52

54
46 M
25

7

10

89

91

73

74 X
69 M

1M
100
90

50
87

114M
105

102 M
80

88

50

s

f 5M8 1953 ser A—M&S

6 Basis.

....

96
95
106 M
102 M

54

16""
1M

52
96

Michigan Associated Telep Co—
1st M 5s 1961
A&O
Mich Fuel & Lt 6s A 1950—J&D

33

Louisiana Pow & Light Co—
1st mtge 5s 1957
J&I
Louisville Gas & Elec Go

M&5
A&<

97
98

80 M

82

57

100

98

90 M

90

70 M

f 5s

ser

n

Nominal,

r

78
107
22

101M
100

93M

—J&D
M&N

98

91M

Mississippi Power Co—
1st & ref 5s 1955

Missouri Edison 1st 5M«

98"

61M

62 M

_

1st cum Inc 9s ser

76

.

103 H

105

46
33

*41-M&S
Mohawk Valley ref 6s 1991 M&N
Debenture 6s 2031
A&O
Monmouth Cons Wat 5s '56.J&D
Monongahela Light & Pow Co—
1st M 5s 1949
J&D
Monongahela Valley Water—
1st M 5Ms 1950 series A..J&J
Monongahela West Penn Pub Ser
1st & gen mtge 4Ms 1960-A&O

105M

Debenture

6s

Montana-Dakota

101
104
92 M
99

Power—

J&J

Ext 1st 5MS-6M8 1944

1946

93

_

.A&O

,

71

Montana Power—

Ms 1966--J&D
Montreal Isl Pow 5 Ms 1957 M&N
1st & ref mtge 3

32

92M
115

A&O
1937—M&N

Montana-Dakota Utilities—

—

60

85"

1965

Mont Cities Gas 7s A

—

64

Mob Lt&RR Cons g 5s

112

99

8

A&O
A '56—A&O

Income 7s 1956

70

99

_

A&O

1st 5s 1956

102

103 %

66

Telephone—
series C 1961
M&S
Missouri Val Pub Ser 6s '39 J&J /

89

75

100

4 Ms

Mobile Gas Service Corp—

60

66

_

Missouri

102M

83

A&O

96

100 M

102 M
106

*47 J&D

1st 4r5s 1956

1st mtge 3 Ms 1966
J&D
Missouri Public Service Co—
1st sf 5s 1960
F&A

86
74

84 M
110

Missouri Gas & Elec Service
Missouri Power & Light—

35

76 M

-.-J&D

91M
104

Montreal Lt Ht & Pow Consol—

85

3%

95

conv

deb 1939

'

1st & coll s f 3 Ms 1956
1st & coll 3 Ms 1973

k Last sale,

92
118

100

iOOM

A&O

74

& Light Co—

1st & ref 5s 1955
1st & ref 4 Ms 1978

Oonv deb 4Ms

A 1955—

50

A&O

Minnesota Power

73
101

48 M

s

91
98

100

71M

102""

Hydro-Elec—
1944
VI

87

•

-

Lower St Lawrence Power—

1st

J&J

Deb 5s May 1, 1947
M&N
Miss Val Pub Ser 1st 5s '54 .J&D

Lower Austrian

f g 6Ms

J&J
1957-A&O

Milwaukee Gas Light Go—

95

s

1950

101" Mississippi River Pow 5s '51 J & J

98

64

45M

5s

Midland Util deb 6s 1938.—M&S
Milwaukee Elec Ry & Light—
1st & ref 5s 1961 ser B
J&D

Lowell Gas Light—

1st

103 M
55

J&D

1st M 5s 1957

57

91""

45

M&S
Mississippi Power & Light—

71

(Ky)—

1st & ref M 3 Ms 1966
Louisv Ltg 5s 'oi unstmp^
Louisv Ry cons ext 5Ms

66

_

72

23

46

5

M&S

Michigan Public Service Co
1st g 5s 1947 ser A
A&O
Middle States Telep 6s A *47.J&J
Middle States Util 6s A1951 A&O
Middle West'n Telep 6s *43.-J&J
Middlesex & Boston St Ry—
1st and ref mtge 5Ms 1942. J&J
Middlesex Elec Lt Pow 5s *55 J&J
Middlesex & Somerset Trac—

Minnesota Nor Pr jt 6s 1944

98 M

69

—

43

M&S
Minneapolis Gas Light Co—
1st mtge 4s 1950
J&D

103 M

97

90

90

_

1st M 4 Ms 1967.

108

31

J&D
Leipzig Overland Power—
S f mtge 6 Ms 1946
M&N /
Lewiston Gas Lt 3 Ms O '56.A&O
Lex (Ky) Ry—See Ky Tr & Term
Lexington (Ky) Tel—
1st M 6s w w 1944
M&S
Lexington Util 1st 5s 1952..F&A
Lexington Wat PowColst5s'68J&J
Conv deb 5 Ms 1953
J&J
Lincoln Gas & Elec 5s 1941
J&D
Lincoln Pub Serv 5s 1939
J&J
Lockhart Power 4 Ms 1955.-J&D
Lombard Elec Co (Italy)—
1st extl 7s 1952
J&D
Long Beach Gas 1st 5s '56
J&D
Long Island Lighting—
Secured g 6s 1945.
J&J
Conv deb g5M8 '52 ser A. A&O
Long Island Water 5 Ms '55 M&N
Lorain Telep 1st 5s 1958
J&I
Los Ang Pac Co—See Pac El Ry
Los Ang & Pac RR-See Pac El R:
Los Angeles Railway Corp—
1st & ref s f g 5s 1940.
J&L
Los Angeles Ry 5s 1938. .A&O
_js Ang Trac 1st cons 5s '38.J&r

89M

Mar 1952- /

1st & ref 6s 1943
1st M 5s 1956

Canadian price.

90"

86

rfridge—

Income deb 6s (w-s)

1st M 5s 1971
94 H

83

102 M
85

A&O

f 7s 1957 ser A

Middlesex Water 5 Ms

J&D

81M

/ Price includes accrued interest,




s

79 H

81

Metropolitan Edison Co—
108 M
1st M 4Mb 1968 ser D_—M&S
105 M
1st M 4s 1971 ser E
M&N
105M
1st mtge 4s ser G 1965—M&N
Metrop Edison Corp 6s '61-M&S
Metro Wat Sewer—See Fgn bds
Metropolitan West Side "L"—
1st gold 4s 1938
F&A / -.6
Exten gold 4s 1938
J&J
22
Mexican El L 1st M g 5s *42_J&J
21
Mex Lt & Pow 1st 5s *40 s f—F&A
30
Mexican Utilities 7s 1939—A&O

62

Island Gas & Electric—

25-yr

85""
54 M
52

50

1st mtge 4Ms ser A 1966.M
95 M
96

18

J&D

Ref & impt g 5s 1960
1st extend 5s 1945

95 M
93

1st

77

.

A&O

Maysvllle P Serv 5 Ms A 1942A&O
Memphis Power & Light Co—
1st & ref 5s 1948 ser A
J&J
1st & ref 4 Ms 1978 ser O—A&O
Memphis Street Ry—
3-5s series A1945
A&O
3-5s series B 1945
Ann April /
Meridionals Electric Co-—

_

1945

52

35

15
1
82M
53 M

(Mass) Gas & Elec—

1st M 4 Ms 1940 ser

98

Rapid Transit
Market St Ry (San Francisco)—
1st s f 7s 1940 ser A Q Jan
Maryland Light & Power—
1st M 5 Ms 1950 ser A
J&J

97
97

Lawrence

64

,

102M

94

1st mtge 3 M® 8011A 1966--A&O
incaster Co Ry & Lt 5s 1951 J&J

90 M
98 M

85

101M

95

6s

96 H
108

See Phila

Miami

1954-..----J&J

Lake Sh Gas 1st 5 Ms 1950—M&N
Lake Superior Dist Pow—

3M

99

Ref & gen 6-4 Ms ser B 1966 J&J
Ref & gen 4s series O 1967-J&J

90~ Michigan Gas & Elec Co—

1951

21M

A&G

1st mtge 4M* 1952
Maritime Tel & Tel—

85

5s

65

J&D /

f 7s 1941

Marion-Reserve Power—

156

102 M
Crosse Telep 5M® 1948..J&J
7
Lake Shore Elec Ry 6s 1933-J&J f
General 5s 1933———-F&A '

50

87 M

94

148

La

~

M

s

106

1939——A&O
1st M coll tr 5 M" '53 ser C F&A
1st col&ref 5Mb1960 ser D F&A
6s coll notes ser A 1942—-F&A
6s coll notes ser B 1942—F&A

75

66

f 5Ms 1952 ser

M

94 M
85

90

91

104M

Isarco Hydro-Elec Co (Italy)—
1st M s f 7s 1952
M&N

108

89 M
90

Debentures

J&D
M&S

os

65

91

1st

M&S

I960
M&N
Iowa Southern Utilities—
1st & ref 5 Ma 1950
J&J
1st & ref 5 Ms July I '50.M&N
Deb 6s 1950 ser A
M&N
HohontHre

85

Laclede Gas Lt 5s

63 M
93

65

f 5M8 *51 ser

s

S f deb 5s 1949 ser A

90

Lackawanna &

2M

A—J&J
B„J&J

s

1st M

Mannheim & Palatinate Elec Cos

Mass Utilities Associates—

M&N

1st 5s ser A

11

106 H

1st mtge 5 Ms 1959

11

Kokomo

44

104 M

Iowa Pub Serv 1st 5s 1957

110

77"

1st ref 6Ms

44

—

80

103 M
101

31

Kingsh'wayBdge 6 Ms 1962-A&O
Water Works—

90

41
41
9
12
12
12
3

1st lien & colltr 5s 53— .M&S
Manitoba Power Co Ltd—

KingsCoElev—See Bklyn-Queens
Kings Co Gas & 111 1st 5s *40 A&O
Kings Co Ltg 1st ref 5s 54—J&J

106

114

Iowa-Ill Telep 2-5Ms 1949—A&O /
Iowa-Nebraska Lt & Power—
1st lien & ref 5s '57 ser A
M&N

118

84M

Purch money 6s g 1997.-A&O
Edison El 111 Blkyn 4s *39. J&J

105 M
42

104

48

J&J

99 M

95
74

—

1M
25

23

Market Street El Pass Ry—

Co—
A—J&D
lstl & ref 6s 1951 ser B—.A&O
Kings County Elec Lt & Power—

67

60 M

23

Investors Telephone 3s 1961.
Iowa Electric Co—

27 M

103 M
99 M

J980 -----J&D

5s 1947—M&S
Light Co—

1st & ref 5 Ms 1955 ser

45

Interstate P S (Ark) 6s 1940 M&S /
Interstate Pub Serv Co—
1st & ref 6 Ms 1949 ser B—J&J
1st & ref 5s 1956 Rer D
J&D
1st & ref 4 Ms 1958 ser F—M&S
Interstate Rys 4s 1943
F&A /
Interstate Telep Co—
1st M 5s 1961
A&O
Interstate Tel & Tel 5 Ms 1953J&J

&

27

A&O

f 7s ww 1941

s

1st M

Keystone Telephone

105 M

Gen

A&O

serA 1941

lanhattan Ry con 4s g '90.-A&O
Cent Hanover Bk ctfs of dep.

40"~

115

1st M 5s 1978

Indianapolis Columbus & South¬

1st M 5s 1957

112

99

mtge 4Ms

f 6 Ms

s

10

105""

Kewanee(Ill)Pub Ser 6s A 49 J&J
Key West Electric 5s 1956—F&A
Keystone Pub Serv—

54

Indianapolis Ry 5s, 1967
J&J
Indianapolis Water—
1st mtge 3 Ms 1966
.—.J&J
Indianapolis W W Sec Co—

26

26 M

A 1966-J&D

-

114

50 M

Indianapolis Gas 5s 1952
A&O /
Indianapolis Power & Light—

103 M

32
27
.

Kentucky Utilities Co—
1st M 6 Ms Sept '48 ser D M&S
1st M 5 Ms 1955 ser F
A&O
1st M 5s 1961 series G
F&A
5s series HI 961—
F&A
1st M 5s 1969 ser I
F&A
1st 7s series J 1957.
F&A
1st 6s series K 1957
-M&S
Keokuk Elec 6s 1945.---M&N

109K

F&A

Traction 1st 6s 1948.-F&A

10

1st

15-year

M&S
.M&S
Kentucky Traction & Terminal—
1st & ref gu 5s 51 opt 14 F&A
Lexington Ry 1st 5s 1949.J&D

100

1st & ref M 5s Jan 1,1950.J&J

ern

f
/

1st 5 Ms series A 1948
1st m 5Ms 1948 ser B —

102

6% conv notes 1940
Indiana Telep 5s A 1960

J&J
J&J

Kentucky-Ohio Gas Co—
Ctfs -ndebt 2s 1958--——J&D /
Kentucky Power & Light Co—

Indiana Service Corp—

1st 1 & ref 5s 1963

104

104

109 M
4 Ms 1965- — —-M&N
75
Kentucky El Pr lstsf 6sl960J&J /
Kentucky Fuel Gas Corp
10
1st 6 Ms 1942 with warr—J&D /
93

Indiana

,

99
99

85

•„1M

1st mtge

90

Indiana Pr 1st

_

111

Debenture 7s 1944
J&J
[acLaren-Que Pow 5 Ms Febl'61
5 Ms series B 1964.
M&S

104

Electric—
gold 6s 2022 ser A. .M&S

Kansas Power

110M
106M
112M

7Ms '41 A .M&N
Ry & Lt 1st 5s 1943 .J&J

22
107M
107 H

op'13 A&O
M&S

35

33

102 M
110

Kansas Power 1st

77

76

105M

1st M 6Ms 1953 series B..F&A
1st M 58 1951 series O
M&S

4

Kansas Gas &

96

90

51-J&J

1957

1st mtge 3 Ms ser

95M

101M

M&N /

42

Kansas Elec Power—

108 M

Telegraph—

1st lien coll 5 Ms 1938
Indiana Electric Corp—
1st M 6s 1947 series A

/
/

1942—-—-F&A

1st 6s series A

98

95 M

J&J

Indiana Assoc

1958—-J&J

M&N /

f 7s 1948

1st ref&imp g 5s'48
1st & ref 6s 1954

ff 40H

Joplin W W 1st 5s 1957 ...-M&S
Kansas City Gas 1st 5s 46-.F&A

96

1st mtge 4 Ms ser B 1965—A&O
Indiana Central Telep Co—

1st mtge 5s 1952 series A

s

Co (Pa) Gas & Elec—

uzerne

M
7s 1943--—-------J&£>
105
(NY)Telep 5s 1954 J&D
Jersey Central Pow & Lt Corp—103 %
1st & ref 5s 1947 ser B
F&A
lc3 M
1st M 4Ms 1961 ser O....J&D
Jer City Hob & Pat—See P 8 Corp
22
Johnstown Traction 4s Dect 31 62 /
1M
Cons mtge 3s B Dec,31 1962... /

99M
103 M

1st & ref 6s 1953 series A—A&O
1st & ref 5)48 1954 ser B—J&D
1st & ref 5s 1956ser O...
J&D

J&D
1952 M&N
Con£-

A

1st M

41

82

Jamest'n

90

104

1st mtge 5s 1960 ser B—M&S
111 Community Tel 6s 1949—J&J
Illinois Northern Utilities Co1st & ref 5s 1957 opt
A&O
Illinois Power & Light Corp—

40 %

J&D

Bid

Bonds

Ask

Lt H & F

Deb gs

98

98 M
103 M

Illinois Commercial Telep—
1st 58 series A 1948
..M&S

r63 (without warr). J&J

1st sink fund 6M®

103

70—A&O

Superpower Corp—

Deb 6s

104

J&J
A&O
2 Ms 1942
A&O
Idaho Power 1st 3 Ms 1967—A&O

_

75

PUBLIC UTILITY BONDS

JUNE, 1938]

J&J
F&A
J&J

50
101
95 M

68

109

105M
106

93

9

6M

25"
38

76

PUBLIC
NOTICE—All

UTILITY

BONDS

bond

prices are "and interest" except where marked "f" and Income and defaulted bonds
Quotation! for all securities are as near as possible for the closing day of the month preceding the date of issue

Bonds

Ask

Bid

Montreal Tramways—
1st & ref g 58 1941 opt
J&J
Gen & ref 5s 1955 series A. A&O
Gen & ref 5s 1955 ser B—A&O
Gen & ref s f 4 Ms *55 ser O A&O k
Gen & ref 5s 1955 ser D.A&O

98%

18 X

84
79
69

80"

Morgantown Water 5s 1965—J&J
Mount Hope Bridge 5s 1969.J&D

104%
69

71*"

17

19

82

2d income 8s Dec 15 1969
Mountain States Power Co—

85
86

1st & ref 5s 1938
J&J
1st M 6s 1938 series B
J&J
Muncie Wat Works 5s 1965.M&N

Municipal Gas &E1 Corp of
Recklinghausen 7sl94/
J&D

22

Municipal Serv coll 6s 1956.F&A

61

J&J

ser

80

80

m m

—

m

6

5M

6

81

83

90

120%
121

48 M
48 M
54

78 M

80

82%

84 M

116

116

47

124%

99%

101

99

100

'•.MM*.

9
94

M
94 M
93

101%

f g 5s 1940 opt

J&J /

Utilities Co—
1st lien 4-68 1968
M&N
S f reg Income 3-6 Ms May 1 '69
N'west Cities Gas 6s 1949
J&j

101%

J&J

104
103
101

102

M&N

M&N

100 M
98
80

102"

J&J

NY&Westch Ltg 4s 2004.-J&J
Deb g 5s 1954 op guar.. J&J
N Y Power & Light Oorp—
1st mtge 4Ms 1967
A&O
N Y & Queens Elec Lt & Pow—
1st & cons M 3 Ms 1965—M&N
New York Rys Corp—

J&J

75M

83%
80%

93

97

/
/

27

65

67

39
19%

40%
21%

l

•

104%
104%

105

104%

121M

122%
114%

114

131M
116

118%

111M
HIM

113
113

104 M

104%

113%

1st ref M 6s 1951 ser A—M&N
N Y State El & Gas Corp—
F&A

M&S
M&S
M&N /
M&N /

N'western Teleg 1st 4 Ms '44.J&J
Northwestern Utilities. Ltd—
1st ref 6-7s ser A 1949
J&D
Nova Scotia Light & Power Oo—
1st M s f 4s 1957
J&D

9

106%
7%

67

84

'

87%
98
56

24%
106%
100
'•♦V

78

80

91
90

92

91%

93 M

4M
4%

1

,

sale.

83 %
85

26

1st coll 5%s 1960
F&A
Penn-Ohio Edison Oo—
Deb g 6s 1950 ser A ex-w_M&N
Deb 5 Ms 1959 ser B
F&A
Penn Public Service Oorp—

Pennsylvania

Electric

89
94

-

99%

103%
100

87%

100%
89%

79%

80%

54"
13
55
82

87

96%

97%

68
66

70
68

73

75

97%

98

Pennsylvania State Water Oorp
1st coll trust 4Mb
Penn Telep 1st M 4s
Penn Water 1st 3 Ms
Penn Water & Pow s

1966—M&N
1965.-A&O
A '67—F&A
f 5s '40. J&J

ser

94%
,

95%

99

107%
107%

M&S

55

108"
108
72
60
64

15

114%
108

89%
i

Peoples Light & Power Corp—
1st Hen 5 Ms 1941
—J&J /
Conv deb 5s 1979
J&J /
Peoples Light & Power Co—
1st lien coll 3 6s 1961
J&J
Peoples Telep (Butler, Pa)—
I960--.

.

106%

A '67.F&A

as

92

114%

81
8%

83

60

61%

9

96

100

F&A

80

85

M&N

99

—J&D

1st consol 4s 1948-.
Prior lien 5s 1948
1st con 5s 1948—
1st & ref 5s 1950
Debenture 4s 1950

M&N

103 M

M&N
F&A

101%

102

70

Company—

Secured gold 5s 1967
J&D
Ardmore Street 5s 1958.-A&O

90%
30

Duquesne Lt 1st 3Ms *65. J&D
Duquesne Trac 1st 5s '30-J&J
Pittsb Rys 5s 1953
A&O

20
60

2d Ave Tr 1st 5s 1934
J&D
So Trac 1st & coll tr g 5s'50A&0
United Trac 5s 1997 ctfs—J&J

10
10

53

con

10
10

5s '38. J&J

Philadelphia Electric—
1st & ref mtge 3 Msl967—M&S
Philadelphia Elec Power Co—
1st mtge 5%s 1972
F&A
Phila & Garretsford St Ry—

107%

73

People's Traction Co—
P P Ry tr ctfs 4s '43.F&A

Canadian price.

—

65%

76
65
67

78

82

60

1st 4Ms 1936
J&J
Hest Mantua & Fatrm—
1st extd 5Msl939
M&N
Market Street Elev Pass Ry—
1st g gu 4s 1955
M&N
Union Traction—

111

112

36

Philadelphia Rapid Transit—
Coll tr g 5s 1957 opt s f—F&A
S f guar 5s 1962
M&S
6s gold 1962
—M&S
1st m r e 6s 1944
J&J
Darby Media & Ohes St Ry—

Elec & Peo 4s tr ctfs '45.A&O

108

111

F&A

113%

r

102%

86

West End Trac

71

.100

92

103

100^

Pennsylvania Gas & Elec Oo—
1st 1 & ref 5 Ms *55 ser A. -M&S
1st L&Ry 5s 1958
M&S
Pennsylvania Gas & Elec Corp—

Philadelphia
101%
99%

103

97%

90

Oo.

1st lien 6s A 1949 w w
Peoria Water Works Oo—

106%
105%

101%
97%

Nominal.

75

.

1st 5s 1955

n

103

Non-cum inc deb 6s 1950.M&N
Penn Central Light & Power Co—
1st & ref 4 Ms 1977
—M&N
1st 5s 1979
M&N

;

k Last

85
118

Peoples Tract—See Phila R T
Peoples Water Service (Md)—

94

1st 5s series B 1949
F&A
79
Oklahoma Ry 1st & ref 5s *41. J&J
52%
Income 5s 1990.-'
Apr 1 /
11
Old Dominion Pow 5s May 15 '51
53
Omaha & Coun Bluffs Ry & Br
lstsf 6s 1947
...A&O
80
Omaha & Council Bluffs St Ry—
1st extd 4s 1947
J&J
51
Ontario Pow 5s '43 op to '13.F&A
113%
Ontario Transmission Co Ltd—
1st gu g 5s '45 opt bef '16.M&N
110

/This price includes accrued interest.

104%

73

Union Traction 4s 1952-J&J

..

70 %

Paterson Ry—See Pub Serv Corp
Pecos Valley Gasext6Ms "44M&N
Pecos Valley Power &
Light Co
1st extended 6Ms 1950—M&N

101%
97%

100%
Ohio Term (Cleve) 6s 1947..J&D /
40
Ohio Valley Gas Corp—
1st 6%s 1943 (with warr)..
69
7 Ms 1938
J&J /
65
7 Ms 1943.
J&J
54
Ohio Valley Water 5s 1954
J&J
105
Ohio Water Serv 5s A 1958.F&A
96%

1st mtge 4Mb ser A 1951.M&N

105%

104 M

PacificPower & Light Oo—

4s

78

Oklahoma Natural Gas—

99

1st M 5s 1955.
F&A
Pacific Teleph & Telegraph—
Ref mtgle 3 Ms ser B1966. A&O

117

13 M

102

Ohio River Bridge & Ferry—
1st 5s 1942.
J&J

Conv deb 5s 1946
M&N
Oklahoma Power & Water
1st M 5s 1948 ser A__.__.F&A

M&S

1st & ref 4s 1981 ser B
J&J
1st & ref mtge 4s ser D '61 .J&D
Mutual Fuel Gas g 5s' 47 M&N

116

108%

U50C£<N"-«*

lsts f 5Ms 1960
J&D
59
Peoples G & Fuel 6 Ms ww'37 A&O /
10
People's G L & Coke, Chicago—
1st cons g 6s 1943
A&O
114%
Refunding gold 5s 1947--M&S

88

106%
105%

104

Conv deb 6s 1950

Peoples Gas (N J) 1st 5s '68 -J&D

100

Ohio Pow 1st & ref 5s 1952 B J&J
1st & ref 4%s 1956 ser D.J&D

Oklahoma Gas & Electric—
1st mtge 3 Ms 1966
J&D
Debentures 4s 1946
J&D

IT—li-H

Serv—

1 st ref 4 Ms 1968 ser B

62
62

Deb 5s 1956
54
F&A
J&D /
21%
Ogden Gas 5s 1945
105
M&N
Ohio Assoc Telep 4 Ms 1966.J&D
99
Ohio Cent Telep 1st 6s '47—J&J
93%
Ohio Cities Water Corp—
1st M coll tr 5 Ms '53 ser A.J&J
75
Ohio Edison 1st & con 4s '65 M&N
101%
1st mtge 4s 1967
M&S
100%
1st mtge 3 Ms 1972
J&J
96%
Ohio Elec Pow 1st M 5s '57 .J&D
92
Ohio L & Pow 1st 5s 1944.-M&N
106

107%

97

li

Oorp deb 4Ms 1945. A&O
Pub

115%
110%
106%
102%

<i—t

1st & ref M 3 Ms ser 11966. J&D
Pac L & P Oo 1st 5s 1942.._J&J
Pac Ltg

Penn Wat Serv 5s

NY PA NJ Utilities-

107

AdJ income 6s Jan 1 1965..Apr / 25
Bleeck St & F F 1st 4s '50.J&J / "30
B'way & 7th Ave 5s 1943. J&D /
9%
N. Y. & Richmond Gas Co—

29

I

Deb gold 6s 1976 ser A—M&S
Pennsylvania Pow & Light Co—
1st M 4 Ms 1981.
A&O

7%

Deb g 6s 2024
J&D
Ohio Public Service Co—
1st mtge 4s, 1962
F&A
3 3% 3 M 4% notes '38 '47F&A

90

65

1st & ref 4s 1971 ser F
M&N
1st & ref 5s ser H 1962—A&O

24

Oberpfalz Elec 7s 1946

77

75M

1st & ref mtge 5s 1943.M&S
Pacific Gas & Electric Co—
1st & ref M 6s 1941 ser B.J&D
1st &refM 4s ser G 1964.-J&D
1st & ref M 3 Ms ser H '61 J&D

1st & ref 6s ser O 1947
M&N
1st & ref 5s series D 1954-J&D

Northern States Power Co—

Northwestern Power Oo Ltd
1st M s f conv 6s *60 ser A.J&J /
Certificates of deposit—
/
Northwestern Pub Serv Co—
1st M 5s ser A 1957
J&J

85

39

Penn-Jersey Water—
130

101

Union El (Loop) 5s g'45—A&O /
Northwestern Light & Power—

93

78

New Amster Gas 6s 1948.-J&J
NY & ER Gas 1st g 5s *44—J&J




99%
98%
91%

64

1st g 5s Dec. 1 1948
J&D
Ptir mon coll tr 4s 1949—F&A
Ed El 111 N Y con g 5s '95 J&J

Basis.

110"

50

J&D
A&O

A

38

!o5

127%
123%

102

100 M
91

1st lien & ref 3 Ms ser E'66 A&O
N Y Gas Elec LH&P Co—

b

ser

58

90

52

106 %

37

^

85

Northwest Louisiana Gas—
1st M 6 Ms 1936 with warr. J& D /
6
Northwestern Electric—
1st 6s stamped 1945
104%
M&N
Northwestern Elevated (Chic)—
1st mtge 58 1941 opt
7
M&S /

114

102%

J&J

Ref mtge 3 Ms ser O 1966. J&D
Parr Shoals Pow 5s 1952—-A&O
Paterson & Passaic Gas & Elec
consol gold 5s 1949.
M&S
Paterson & State Line Traction
6s 1964
—.J&J

105

Northern

112
114
114

New York Edison Co—
1st 1 & ref 3 Ms ser D 1965. A&O

4Mb 1960
New York State Rys—
1st con 4 Ms 1962 ctfs
1st con 6 Ms 1962 ctfs

——

98%
97%

Northern N Y Utilities Inc—
1st lien & ref 7s 1946 A
M&N
1st lien & ref 6s 1947 B...M&N
Northern Okla Gas 1st 5s *46.J&J
Northern Penna Power Co—

123 M

97 M

102

102

41

Pacific Northwest

42%

107%

1st & ref M 3 Ms 1967— -F&A
Northern Texas Elec Co—

101M

104

M&S

Angeles Pacific Co—
1st rerg 4s 1950
opt'15
Los Angeles Pacific RR—

98

ti*

5Ms ctfs of deposit 1961—J&J '

104%

122%

102
100

-

N'eastern Wat & El 6s 54.-F&A
North lnd Gas & El 6s '52—M&N
Northern lnd Pub Serv—
1st & ref 5s 1966 ser O
M&N
1st & ref 5s 1969 ser D
M&S

s

107

38
27

„

Joint 1st mtge 4s ser A *42. J&J
North Texas Co 3-6s 1957
J&J
Northeastern Public Service—

Coll tr

1st 5s 1952
J&J
N Y & East River
Gas—See
N Y G E L H & P—

1st

40%

122 %

New Rochelle Wat 5 Ms *51.M&N
1st 5s series B 1951
M&N
N Y Cent Elec 1st 5Ms '50.M&S

1st mtge 4s 1965
1st M 4 Ms 1980

1st coll & ref 5 Ms '48 ser A_ J& J
North Hudson Lt H & P Co—

103

Newp News & Old Pt Ry & El

stpd 1958

North Central Gas 5Ms 1955 A&O
North Continent Utilities Corp—

6

95

1st & ref 5s 1956
1st & ref 5s 1962

m

106

106

f 5 Ms

^

1st & ref M 4 Ms 1970ser E J&D
Nor Indiana Telep 4 Ms '55.M&N

Newport & Fall River St Ry—

Prior lien 6s

82

105%

104

W*
96

mm

98%

-

North Shore Gas Co of Illinois—

11*

4%s 1954
J&J
Newport Gas Lt 5s A 1961—J&D
Newp News & Hamp Ry G & E—

*

36

105%
/
4

North Penn Gas Co—
1st M & lien 5Ms 1957—M&N

.

Con 5s 1945

104%

Properties

45%

102

A.—J&D/
/

1st g 5s Nov 1 1938

103

Ltg

m

80

105

1970
A&O
Otter Tail Power Co (Minn)—
1st mtge 4s 1961
J&J
s

Refunding 5s 1961

102

101

109 %
120

*48-'55.J&J

Ottawa L H & Power—
Ref & coll tr 5s 1957 ser A. A&O
Ottawa Valley Power Co—

104%

102%
103%

(Hoboken. N J) 5s 1938-A&0

1st s f 5s 1943
J& T
103 %
New Orleans City RR 5s'43 J&J
103 M
New Orleans Pontchartrain Bdge
1st b f 7s 1946
M&S /
7
New Orleans Pub Service Co—
1st & ref 5s 1952 series A
A&O
IV/*
1st & ref 5s 1955 series B—J&D
93 M
5s stamped 1942
90
J&J

Newport Water 5s 1953

56

104

...F&A

73%

45
1

Ottawa El Ry 4Ms

49
78

J&D

A

Ozark Power & Water Oo—
lstsf 5s 1952
M&S
Pacific Coast Power 5s 1940.M&S
Pacific Elec Ry g 5s 1942—.J&J

56

Deb 5s Nov 15 '69 ser O M&N15
101%
Nor Amer Gas & El 6s 1949..J&J /
33
North Amer Light & Power Co—
79
S f deb 5 Ms 1956
J&J
Boston

ser

Ask

Los

83

101%

r

108M

53*

91"

119

New Engl Pow Assn 5s 1948. A&O
Deb 5%s 1954
J&D
New England Power—
3%s series A 1961
M&N
New England Tel & Tel—
1st 5b 1952 series A
J&D
1st 4 Ms 1961 ser B
M&N
Newfoundland Light & Power—
5%s 1971
J&J
1st s f 4 Ms 1956
J&J
New Haven Water—
1st & ref 4 %s B 1970
A&O
1st & ref 4%s O 1981
M&S
4%s 1983...
M&N
N J & Hud RIv Ry & Ferry—
1st gold 4s 1950
M&S
N J Pow & Lt 1st 4Mb *60—A&O
New Jersey Water Co—
1st mtge 5s 1950
F&A
New Mex Gas conv 5s 1951 M&N
New Mexico Power—
1st mtge 5s 1958
J&J
New Orleans City & Lake—

1st & ref 5s 1944

107M

80

47]
471

1st M 5s 1957

107 %

A&O

A

89

117M

Conv deb 5s 1948
J&D
Conv deb 5s 1950
M&N
Convertible deb 5s 1962...J&J

ser

ser

3 Ms secured notes 1947
A&O
North Carolina Gas 6s 48.-M&N

GELH&P

Newark Cons Gas con 5s '48. J&D
Newark Gas 6s Apr 1 1944—Q-J
New Brunswick (NJ) Lt H & Pow
4s Dec 15 1939
J&D
Newcastle (City of) W 5s '41 J&D
New England G & E Association
Deb g 5s 1947
M&S

105

Bid

Orange & Pas Val R—See PS Corp
Oregon Elec Ry 5s '33 opt..M&N f
Oregon-Washington Water Serv—

1st M

North American Edison Co—
Conv deb 5s 1957 ser A..M&S
Deb 5 Ms 1963 ser B
F&A15

North

83 M

Nat Public Service Corp—
Debenture gold 5s 1978..F&A f
44 M
Certificates of deposit.
/ 44%
Nat Toll Bridge 6s stmp '39.J&J /
%
Nebraska Pow 1st 4%s 1981. J&D
109
Deb 6s 2022
M&S
115
Nev Calif Elec 1st 5s 1956—.A&O
75 M
Deb 6s July 1941
94 M
J&J
New Amsterdam Gas—See N Y

Inc 6s Nov 1949

87 M

71M

Jfc&N

B

104 %

104

—

Deb 5s 2030

106%

86 M

Nippon Elec Pow Ltd (Japan)
1st mtge 6Ms 1953
J&J
Norf & Ports Bdge 6 Ms *47—F&A

75

Nassau El RR—See Bklvn Qu
Nassau & Suff Ltge 5s 1945..I
Nat Elec Pow Co deb 5s 1978 J&J /
Nat Gas & El Corp 5s 1953.F&A
5s series B 1947
-J&D
Nat Lt & Pow 6s 1949-M&N
Nat Pow & L deb 6s 2026 A.F&A

106

Bonds

Lighting—

1st & ref 58 1955

103%

Cons g 5s 1953 opt 1908—J&J
Ref & ext gold 5s 1958
J&J

104%

105%
105%

N Y Water Service Oorp—
1st M 6s 1951 ser A—JM&N
N Y & Westchester

North American Co.—
Deb 5s 1961

Nashville Gas & Heating Co—
6s 1937 (not guar)
M&N
Nashville Railway & Light—

107

Niagara Lockport & Ont Power

Mut Fuel Gas-See Peoples GL&C
Mutual Un Tel—See West. Un Tel

Narrangansett Elec Oo—
1st mtge 3%s 1966

Ask

104

See N Y Gas Elec Lt & Pow
Niagara Falls Power—
1st & ref 3 Ms 1966
M&S

105

83

Bid

105 %
104 %

Bonds
N Y steam 6s 1947
M&N
\<t M 5s 1951
M&N
1st M 5s 1956—
M&N
N Y Tel 1st 4Mb *39 tax ex.M&N
Ref mtge 3 Ms ser B 1967.-J&J

17

52

80

/

19

45

82

5%
8%
82

UTILITY

PUBLIC

June, 1938]

77

BONDS

NOTICE—All bond prices are "and Interest" except where marked "f" and income and defaulted bonds
Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue

Bid

Bonds
Phlla Suburban Water Co—
1st s f 4s 1965—
M&S
Phlla & West Chester Traction—
1st 4s 1954
_

1st 6s 1954

106.**
30

J&J

J&J

Phlla & Western By 5s 1960-J&J /
T
Piedmont Hydro-El Co (Italy)—
52 **
1st & ref s 16**s 1960 ser A A&O
.97
Pinellas Wat Co 5**s 1959-M&S
10
Pitts Ganonsburg & Wash 5s 1937

Rys—See Phlla Co
Pittsburgh Suburban Water Serv
1st 1 & ref 5s 1958
M&S
Pittsburgh Trac 1st 5s 1927-A&0
Plalnfleld Gas & El 5s 1940--A&O
Plalnfield St

108
38

Light & Pow—
1st M 5s 1938
—.—M&N
52**
Rome (Ga) Ry & L 5s 46—-A&O
8
Ruhr Gas Corp 6**s '53 A —A&O /
54** Rumford Falls Pow—
Gen M 4**s May 1948—M&N
lsts f 4s Oct 1945---.-—-A&O
Safe Harbor Water Pow Corp—

101
15

10

J&J

Ry 6s 1942

107

100

Pt

100

St
St
St

55**
102 *4

61

63

85
96
94

86

101**
10**
107

10**

107*4

110
109

105

106

101

102**

.

28

IW
30

105
104

104*4

105**

106

100

101**

91

91**

106

112**
110

Salmon Rlv Pow gu 5s 1952 F&A
Salt River Val Water Users Assn
103**
106**
6s 1939-1943
-—-—F&A
Stewart Mt Pow 5**s 57-A&O
102"
105
San Angelo Telep 1st os 1958 F&A
102
San Antonio G & E 5s 1949-M&S
San Antonio Public Service—
113
112**
1st ref 6s 1952 series A—-J&J
105**
105**
1st & ref 5s 1958 ser B
J&J
100**
1st mtge 4s 1963.
A&O
b 101** to 96
4% serial notes Apr 15 1939-48San Antonio Tr 1st 5s '49—M&S t 104
San Diego Consol Gas & Elec—
1st mtge 4sMay 1 1965—M&N

109**

A '62.M&8

104**

110**

San Jose Water Works
1st mtge 3**s ser A1961— J&D
Santa Barb Tel 3**s ser 0*66 J&J

107**

107?*

-A&O

111?*

113**

100

100**

Savannah & AtlantaRy—
1st cons 6sMay 1 1935...-J&J /

5

8

135
102

136**

ser

A

Savannah Elec & Power Co—
1st & ref 4s 1947 ser D—Q-Jan
1st & ref M 5s ser F 1955-M&S
Savannah Elec Co

Sayre (Pa) Elec 5s 1947-

65

1st 4**s 1958
51

96

111**
108

105**

104

105
104
105**

103**
105

Public Service Co of Oklahoma—

101**
100**

1st mtge 4s ser A 1966
F&A
Serial debs4s Feb 1 1946—P&A
P Serv of Penn 1st 5**sA'53-J&D

99**

75**
75**
58

62

38

43

11

13

Seattle Lighting Co—

104

1st & ref 4**s 1980 ser E.J&J
1st & ref 4**s 1981 ser F.A&O
1st 1 & ref M 4 ** ser T '60.J&J

80

ser

105

1st & ref os 1966 series O.M&N
1st & ref 4**s 1978 ser D.M&N

7**

Scranton-Spg Brook Water Serv—

Ill**

119

,

43

Public Utilities Consol Corp—
63
1st M 5**s 1948
M&S
Secured conv 6s 1938——M&S /
45
63
1st coll 4-5**s 1948
A&O
103
Puerto Rico El Pow 4s to '56.J&J
99
Puget Sound Navig 6s 1938-M&N
Puget Sound Power & Light—
1st & ref 5**s 1949-J&D
71**
67
1st & ref 5s 1950 ser C
M&N
1st & ref 4**s 1950 ser D.J&D
63**
100**
Puget Sound Tel 5s A 1952.J&J
Quebec Power—
96
1st & coll 4sl962——M&S
117
Queensboro Gas & El 5s '52-J&J
77
Conv g deb 5**s '52 ser A. A&O
111
Qulncy El Lt & Pow 5s A'47 M&S
104
Rapid Transit St Ry 8s 1941 .A&O
98
Republic Nat Gas 1st 6s 1954J&J

102

46"
64**

65""

99**
65**

—M&S

1st 5s 1944

100**
66**

————

101

/

104

97

79**

J&J /

Rhine-Westphalia El Pr (Germ'y)
Mtge g 7s 1950
M&N /
Direct mtge 6s 1952
M&N /
Con mtge 6s 1953
-F&A /
A&O /
Cons 6s 1955.
7sextended 1941
F&A f
Richmond (Ind) W W Corp—

94

Ry & El 5s 1953—P&A

73
76

100

J&J «
Rochester Central Power Corp—
Deb g 5s 1953
M&S
Rochester Gas & Elec Corp—
121
Gen mtge 4his 1977ser D.M&S
108**
5s series E 1962
.—.M&S
Roanoke W W 5s 1950

65

„

Gen 3**s series H 1967— .M&S
Rochester &
Lake Ontario
Water 5sl938
M&S
Roch Ry cons 5s g 1930
A&O

108**

Rys 1st 5s '38-44-J&J f

101
47

26

49
29

70

99**

54**
104
40

103**
105

90**
102

105**
48

45**

6% conv notes 1935
..J&J
Certificates of deposit
Standard Power & L Corp—
Deb g 6s 1957
—F&A

46

Standard Public Service

47**

45**

44**

Corp—

1st lien 6s series A 1948—F&A
lfet lien 6s 1948 ser B
J&D

Standard Telephone Co—
1st 1 coll tr 5**s '43 ser A.M&N
Conv deb 6s 1938
—M&N
Stettin Pub Util 7s 1946
A&O

54
53
25
10

21**

A&O /

Ry 1st 5s 1951

10
101**

1st lien & ref 5s I960 ser A. J&J
1st lien & ref 5s 1960 ser B. J&J
1st M 5s 1955—.
1F&A
Southeastern Gas & Water Go—
1st lien 6s 1944
J&D
1st lien 6s x-w 1941
J&D
S'eastern Indiana Pow 6s '43 M&N
S'eastern P & L deb 6s 2025.M&S

Southern California Gas Co—
1st & ref 4**s 1961
M&S

F&A

1st M 4 **s 1960
.A&O
Southern Canada Power—

t To be called about Sept. 1.
.Nominal,
r Canadian price.

78
71

-

5s

A&O

1961

Deb 5s 1958

123
17
3
48

—-A&O

J&D

59

5s 1953
—M&N
Temescal Water 1st 5s A '60 M&N
Tennessee Eastern Elec Co—
1st M 5s 1943
P&A
Ref s f 6s series A 1955
M&N
Tennessee Electric Power—
1st & ref 6s 1947 ser A
J&D
1st & ref 5s 1956
J&D
Tenn Pow gu 5s 1962 opt..M&N
Tennessee Public Service—
1st & ref 5s 1970-.—A&O

70

Telephone Service (Ohio)

102**
24

98**
101
101

93

106
70

72

79**

79**

99
80

68

_

90**
86**
85**
94

Tern! Hydro Elec 6**s 1953-F&A

103**
105

103**
67

65

34**

36

88

91

88

89?*

54

Terre Haute Traction & Light—
1st con M g 5s 1944
M&N

104

Terre Haute W W Corp—
1st M 6s 1949 ser A
..J&D
1st M 5s 1956 ser B
F&A
Texarkana Wat 1st 5s '58. .P&A
Texas Cities Gss 1st 5s '48-.M&N
Texas Consumers Water—
1st 6s A 1939
-A&O
Texas Elec Ry 5s 1947—
J&J
Tex Trac 1st 5s 1937 opt—J&J
Texas Electric Service Co—
1st mtge 5s I960.—-..-J&J
Texas Gas Util 6s 1945.——A&O

104**

104**

109**
103
105 H

110**
104
106

1st 2-6s 1951
Texas Hydro Elec Corp—
1st mtge 6s ser A 1956

107

107 J*

Texas Pow

107**

107**

106**

107

108

108**

Calif Water—

4**s 1962—

116

1st

20
105

Teleg—

3 **s debentures 1962—. A&O
Southern California Edison—
1st & ref mtge 4s 1960
M&S
Debenture 3**s 1940
M&S
Debenture 3 **s 1945
M&S
Ref mtge 3 **s May 1 1960-J&J
Ref mtge 3 **s ser B 1960. .J&J

'65

94

Syracuse Gas g 5s 1946
-J&J
Syracuse Lighting 5s g 1951 .J&D
Syrac Rap Tr 1st g 5s 1946-M&S
2nd mortgage 5s 1930
.J&J
Taiwan El Pow s f 5 **s 1971 J&J

Tampa (Ela) Gas 5**s '56.-A&O

104

100**
101**

Silesia Elec Corp s f 6**s'46 -F&A /
21**
Sioux City Gas & Elec Co—
1st mtge 4s 1966
J&J
Serial deb 3s to 1941
J&J
99
Serial deb 5s 1942-46—
99
J&J
Sioux City (la) Serv 6sl951.J&J
91
Somerset Lighting 5s 1939..F&A
102
Somerset Un & Mfddlessex Ltg—

Aug 1

105

105**

Telephone Bond & Share Co-

1st & ref 5s 1960 ser A——M&S
1st 5**s ser B 1957
-M&S

Southern

ctfi of dep—J&Di/

98

46

Is*

0_Ks 1952
J&D
Shrevp't Bdge & Term 5s'55.F&A

1st M & ref 4s

108**

97 J*

F&A
J&D

63

r

1st sink fund

Southern Bell Telep &

71
74

Debenture 6s 1951
Debenture 6s 1966

1st 4**s 1968——
M&S
1st M 4t*s 1970
M&S
Sutter Butte Canal 6**s '43.M&S

104**

31

104**

-M&N

100

Super-Power Co. of 111—

South Jot G E & T—See Pub Serv ice Cor P.
South Pittsburgh Water Co—

& RR—

1st coll tr g 4s 1952
J&J
Rio Grande valley Gas Co—
1st mtge 5s 1950-A&O
Roanoke G-L 5**s 1951—P&A

104**

29

105

23

32
30

88
108

65
116

102**

21**
29**
29
29
29
25

54**
4**

M&S

6s 1940

101**

Mtge g 4s Dec 1, 1943J&D
South Bay Consol Water—
1st ref 5s 1950
M&N
South Carolina Power Co—
1st Hen & ref 5s 1957——J&J

Union

85

Springfield Terminal Ry 7s 1942
Stamford Water 1st 5s 1952-_J&J
Stand Elec (Calif) 1st 5s '39.M&S

104**
103**
103**
99**
98**

60

99**

Spokane Gas & Fuel 5s 1944.F&A
Spring Brook Water Supply—
1st ref 5s 1965——A&O
Spring Val Util ref 6s 1943—J&D
Springfield City Water—
1st mtge 4s ser A1956
A&O
Springfield (Mo) Gas & Elec Co—
1st mtge 5s 1957 ser/A—J&D
Springfield (Mass) St Ry—

Shawinlgan Water & Power Co—
1 st M&col s f 4**s'67 ser A A&O
1st coll tr 4**s 68 ser B.M&N
1st coll tr 4Hs ser D *70-A&O
1st coll tr 4s ser F 1961
A&O
Shenango Val Water 4s B'61 A&O
Shinyetsu Elec Pow (Japan)—

58

;

J&D

M&S

9tewart Mt Pr—See Salt Riv Vail
Suburban Lt & Pow 6s 1938-F&A

42

Sierra Pacific Power Co—

102**

Ser deb 4s A 1938-1945-M&N
Southwestern Light & Pow Co—
1st M 5s 1957 ser A....
P&A
1st M 5s 1957 ser B
P&A
Southwestern Power & Light—

Seneca Power Corp 6s 1946.M&S

loo" Shreveport
72 H

18
42

Steubenville Wellsburg & Weirton

5s 1949.
Second Ave Trac—See T?hlla Co
—

18

78

Southwest Telep 6s B 1947.M&S
1st 6s series O 1947J&D
Conv deb ser A 1932
J&D
Southwestern Assoc Telep Co—
1st M 5s 1961
I
A&O
Southwestern Bell Telep—
1st & ref M 3**s ser B '64. J&D
Southwestern Gas & Elec Co—
1st 4s series D 1960——M&N

—

99

Income 3sApr 11959
M&N
Seattle Elec-Seatfcle Everett
1st M g 5s 1939 opt 1914—M&S
Seattle Gas 1st 5s 1954--..-A&O

97*|
76
125

90

6%g notes 1935
A&O
Certificates of deposit-.

_

A...F&A
1st & ref 5s series B1961-F&A
Scranton Trans ser A 5s'59.A&0
4s series B1959
A&O

80

76

77 J*

Standard Gas & Elec of Delware

105

A&O

—M&S

1st & ref 5s 1967

.

101**

104**
107**

Schenectady Ry 1st 5s Mar 1, '46 f
Scioto Val Ry & Pr 1st 6s '43. J&D f
Scranton Gas & Water Co—

123

Southwest Gas Go (Okla)
1st s f 6s 1954.
—M&N
S'west Pub Serv 6**s 1937—M&S

Ref & gen

100

5a_g '52-J&J

99

78
102
47

74

67

Soutbern United Gas Co—
1st lien 6s 1937 with warr.A&O
Certificates of deposit..
Non-cum 6s (wb) 1951——
Southern Utah Power Co—
1st M 5**s May 1, I960—M&S

Spokane Falls & Nor 6s 1939.J&J

107

f 5s 1955

76
95

80
53

2

103

s

100

50

19

106**

95**

104**

66

A&O

Southwestern Public Service Co
1st M s f 6s 1945 ser A
J&J
Southwestern States Telep Co—
1st M 6s 1948—.
M&S

^

1st

104**

39 J*

11*45 A&O

Deb g 6s 2022 series A

105**

101**

94

Ask

1942—.A&O

ser

s f 6s

.

101

106**

10-year coll

38**

Southside Va Pow 5s 1956—P&A
97

1st & ref gu g 5s *39 opt—J&D
St Paul Gas Light—
Gen gold 5s 1944—------M&S

Sandwich Windsor & Amherstb'g
Ry debenture 4**s 1943.. J&D
Sauda Falls Co Ltd—

106

Orange & Passaic Valley—
1st 5s 1938
J&D
Pater son Ry—
2d 6s '14 ext 5% to '44.A&0
So Jersey Gas El & Trac—
Guar g 5s Marchl ,1953,M&S
Public Service Co of Nor 111—
1st & ref g 5s 1956 op '21--A&O




103

San Diego Water Supply Co—
101**
1st m s f 58 1955
M&N
San Francisco Bay Toll Bridge-—
18
1st M sink fund 6**s '57-M&N /
**
Deb s f 7s 1942
M&N /
San Joaquin Lt & Power Corp—
129
Unif & ref 6s 1952 ser B__M&8

■"

n

„

99**

San Diego Co Wat 6s

21**

Adj mtge inq Jan 1 6s '60.A&O
1st M pipeline's f 4 **s *51 A&O
Southern Neb Pow 5**s B'47 J&J
South N E Telep 1st 5s 1948. J&D
Southern Trac—See Phila Go
Southern Union Gas—
1st & ref 5**s series 11945

106**

Joseph Water 4s A 1966--A&O
Louis Co Gas 1st 5s 1951-A&O
Louis Springf & Peoria RR—•

101

WW
105

Southern Counties Gas (Calif)-—
1st M 4**s 1968
—M&N
Southern Gas Utilities, Ino—
1st M s f 6**s 1939 ser A.M&S
Southern Natural Gas Corp—

1st & ref Inc 5 **s

103**

_

100**.

102**

99

55

54**
101**

Camden Sub 1st 5s 1946-J&J
Consolidated Traction—
Extended 5s 1938
J&D
Ella Plalnf & Cent Jersey Ry—
1st g 5s Dec 1, 1950---J&J
EHz & Rarltan Riv 5s '54-M&N
Elizabeth & Trent 5s '62-A&O
J O Hob & Pat 4s 1949—M&N

it Last sale,

102

103**

_

Public Service Corp of N J—
Trust certs 6% perpet—M&N

Called June 25 at

98**

55

95**

1st mtge 3 **■ ser O 1960—F& A
1st mtge 3**sser D *60—M&N
1st 3 **s series E 1961—F&A
1st 3**s series F 1966...-J&D

*

108**

52**

Public Gas &Ooke 5s 1952—J&D
Public Service Co. of Colorado—•
1st & ref 6s 1953 series A.M&S
1st & ref 5**s *54 ser B_.M&S
1st & ref 6s ser O 1961.-M&N
Deb 6s
1946
M&N
Pub Ser of Indiana 6s 1952-F&A
Public Service Co of N H—

accrued Interest,

108

1st cons guar

102

Power Corp of Canada Ltd—
Conv deb 4 **s 1959 Ser B-M&S
Conv deb 5s ser A 1957—J&D
Power Secur coll tr 6s *49.-J&D
Providence Gas 4s ser B1963 P&A
Provincial L H & P 5s '46-M&S
Prussian Elec 6s 1954
--P&A

2d 5b g 1933

106'"

3-4**s serial notes 1939-43. J&J

Portland General Elec Co—
1st & ref 4**s 1960
—M&S
1st M 5s exten to 1950
J&J
Portland (Me) RR 3**s 1951 - J&J
1st 1 & con m 5s 1945—M&N
Porto Rican Power 6s 1950.M&N
Porto Rican Rys Ltd 5s 1962M&N
Porto Rico Telep 6s 1944—J&D
Postal Teleg & Cable 5s *53 -J&J
Potomac Edison Co—
1st mtge 5s 1956 ser E
M&N
1st M 4**s 1961 series F—A&O
Potomac El Pow—
1st mtge 3J*s 1966
J&J

Roanoke

30**

97

13**

Portland(Me) Gas L 5s A'50 A&O

1st M 5s 1957
Richmond (S I) Lt

28**

54*4

Portland Elec Pow 6s 1950-M&S
Portland (Ore) Gas & Coke—
1st & rer g 6s *40 opt '20--J&J
1st l'n & gen 4**s 1940—J&J
Portland Gas Co 1st 5s 1951.P&A

1st coll trust 58 1951
Rhine-Ruhr Wat Serv
Extl deb 6s 1953

103

113
5s 1959—-- M&S
23** St Joseph Ry, Lt Heat & Power—
1st & ref 5s 1948--J&J 1103
102
14"
1st mtge 4**s 1947—— - - - J& D

20**

Henry L H & P 1st 5s '46-P&A

Republic Service Corp—

100

104

1st mtge 8 f 4*is 1979—-J&D
Saguenay Elec 51*8 A 1953-J&J
Saguenay Power 4 **s A1966 A&O
1st 4**s series B 1966--—A&O
Serial notes 2 **-4s to 46.-J&D
St Clair County (111) Gas & El—

102

Bid

Bonds
Southern Cities Utilities Co—
1st lien & coll 5s 1958
A&O
Southern Colorado Power Co—
1st g 6s 1947 series A
J&J

Rockland

90""

Plalnfleld-Un Wat 5s A '61.M&M
Platte Valley Telep 6s 1947-J&J
Pomerania Elec 6s 1953—M&N

Ask

Rochester & Syracuse RR—
5
1st M conv 58 ctfs 1957-M&N f
101**
Rockford Elec Co 1st 5s '39.M&S

Pittsburgh

101**

Bid

Bonds

Ask

„

.

95

92

General

.—

Corp 6s 1956
6**s

1956

M&S

101

101
87
6

3**
3**
91

'88*
22

A&O

72

M&S

82

M&S

65

Texas Power & LightDeb g 6s 2022 ser A
..--J&J
1st & ref 5s 1956——M&N
Texas Pub Serv 1st 5s (w-s) 1961Texas Traction Co 5s 1937—J&J

95
101

76**
5

107**

107

t Called July 1 at 102**.

—

103

a

Called at par April 30.

b Basis.

/ This price Includes

78

PUBLIC UTILITY BONDS
NOTICE--A11 bond price* are "and interest"
except where marked "f" and Income and defaulted bond*
Quotations tor ar securities are as near as possible for the closing day of the month preceding the date of issue
Bid

Bonds
Third Avenue Ry (New York)—
1st ref g 4s 1960 opt aft '14 J&J

Ask

2§^

30

80

843*

35""

,

AdJ inc g 5s Jan 1960 opt_ .A&O /
Third Ave RR 1st 6s gr37—J&J /

68
45

6

Union Ry 1st 6s g 1942__ F&A
Westchester El 1st 6s g '43-J&J

37

Yonkors Ry 1st 5s 1946--A&O
Tide Water Power 1st 5s '79-F&A
Toho Electric Power (Japan)—_
1st s f 7s 1955 ser A—M&S15

76
64

66

553*
107 3*

Toledo Edison 5s 1962...—M&N
1st 48 new 1942
Traction Term'1 Corp 5s *57—J&J

—-

Trenton G &

xp

1949-.M&S

Eljg 5s

Trenton St Ry ext 5s
General 6s 1941..

r

40

__J&D f

10

1968..J&J

101M
Tri-County Telep 4Ms B *56 A&O
13*
Troy City Ry 1st cons 5s '42 A&O r

Twin States Gas & Electric—
1st 1 & ref 5Ms 1945 Ser A.M&S

543*

104

Tyrol Hydro-Elec Pow Co—
1st Mb t 73*s 1955M&N

....

25

25""

22

Guar s f 7s 1952
-F&A
UJIgawa Elec Power (Japan)
1st M s f 7s 1945
M&S15

70

J&J

i—» COCO
00

1—'

3% notes, 1942...
J&J
Union Elev RR—See N W Elev
Union Gas & El 1st ext 5s '40M&S
Union Gas Co. of Canada—
1st serial 3 Ms 1938
.J&D
1st serial 4s 1939-42
J&D
1st serial 4 Ha 1943-45
J&D
1st 4 Ms 1950
J&D
Union Gas System—
1st M & coil s f 5s 1948
J&D
Union Passenger Railway—
1st 4s Mi it 31 1961
A&O
2d ext 4s Mar 31 1960
A&O
Union Pub Serv (Del) 6s '39-J&D

723*
1093*
104

83

•

1003*
55

1

1

1

I!

i»i

1

1

1

1

60

40
35
94

1

OH 1 1
i

1

1

•

100

1st Hen 5Hb 1942——M&S 15
Unit Elec Co of N J 4s '49..J&D
United Elec Rys (Providence)—
Gen ref M 5s Jan 1951 sor A—
Gen ref M 4s Jan 1951 ser B._
United Elec Serv (Italy)—
Extl 1st 8 f 7s 1956 ser A..J&D
United Gas & Fuel (Hamilton)—
1st s f 5Ms 1948—
J&J
United Ilium Co New Haven—
1st 4s Feb 1 1940
F&A

12

101

::::

114

90*
85
56

::::
60

102
105

United Light & Power Co—
713*
Debg 6Ms 1974
M&N
1003*
1st 1 & consul 5Ms 1959-.A&0
69
Debg 6s 1975
M&N
106
United Lt&Rys(Me)6s A'52 A&O
68
Deb 6s 1973
J&J
74
Un Lt Rys (Del) deb 63*8.62 F&A
United Public Service Co—
23*
Coll tn 6s 1942 ser A
A&O
13*
63*s 1933
United Pub Util Corp—
78
Conv coll tr 6s A 1960
J&J
73 M
Convcolltr 5Ms B I960
J&J
United Rys Cos 4% ctfs '49.J&J f 28
United Railways of Havana—
Eq 7 Ms Feb 15 1936
F&A /
18
United Rys of St Louis—
A_,
Gen g 4s July 1 1934
J&J* 20 3*
City & Sub Pub Serv 5s '34.J&J|/ 20
United Securities Co—
.

s
s

f 5 Ms ser A
f 6Ms ser B

1952—M&N
1952—M&N

United Telep Del 6s A 1948 A&O
United Tel & Tel 5Hs A '53.M&N
1st lien 6s ser B 1953—.M&N
1953
M&N

United Traction (Albany)—
Con g 4Mb 2004
J&D /
Unit Trac (Pgh)—See Phlla Co
Unterelbe Power & Light Co—
Sink fd M 6s 1953—
A&O /

,

102
70
107
70
75

79

743*

22

67

1003*
5

223*
853*

863*

Conv 6s 1933—

—J&D

.

1st M 434s A 1956
—J&J
Warren Ohio Telep 6s 1942.M&N
Washington Gas & El Co—
1st s f 534s 1947
—F&A
1st M 5Hs 1953—
J&J

1st

M

5s 1955
1st lien & ref 6s

M&N
w w

No par value.




I960-F&A

6 Basis.

483*
483*

84
11

123

23*

J&J

coup notes

iox

113*

23""

84

1093*

82

w*
83

90

92

723*

753*

101

93

57*

593*
59

8)
8)

9)
9)

93
77

95

95
92

97

95

87

90

Fdg & R E M 4 3*s g '50-.M&N
25-year g 5s 1951
J&
30-year 5s Mar 1 1960
Mut Un 6s ext at 5%to'4lM&N

53*s 1955

A

ser

1st 5s series B 1957

41
102

109

104

J&D
M&S

1st M 5s Aug 1952ser A.. .F&A

683*

87

88

75

69

993*

A&O

101

1st mtge 4s 1961
J&D
Wolverine Pow adj 4 3*s Mar 1 '59
Worcester St Ry 5s A 1947. J&D
Worcester Transit Association—
Cum income 6s 1952
J&D
Cum income 6s (w s) 1952-J&D
Wuerttemberg (Germany)—See

101

393*

Yadkin River Pow 1st 5s '41 A&O
Yonkers Ry—See Third Ave Ry
York (Pa) Gas 1st 5s 1941. M&N
York Haven Wat&P 1st 5s'51 J&D
York Rys 1st M r 5s '37 opt.J&D

/Flat price,

J&D

PUBLIC UTILITY STKS.
Alabama Power $7 pref—
•
$6 preferred.
*
$5 preferred
—
*
Alabama Water Service pref
*
Allegheny Traction—See Phila On
Allentown Beth Gas prof.
50
Amer District Telegraph—See
Industrial Stocks.
Amer & Foreign Pow com—
*
$7 preferred.
♦

Warrants.

k Last sale.

—

——

„

6% preferred

..25

Amer Wat Wks & Elec com.....*
$6 1st preferred
...*
Appalachian El Pow 7% pref —*
6% preferred
...*
...

Edison com
*
Arizona Power $6 preferred.——*
Arkansas Natural Gas Corp..
*
Class A non-voting
*
Preferred
10
Arkansas Missouri Power—

m

1

6% preferred—...

60

Arkansas Nat Gas common.....*
Class A
*
——

*
......

Arkansas Pow & Lt 87 pref

6% preferred—
Associated Gas & Elec
Common class A

—

com
.

*
.*
....1
1

107

..*
*

86 preferred
863* preferred—
87 preferred

loo"
1053*

...»

5 preferred
t4 preferred

h

1053*

10

Original preferred

93

82
75

533*

55
57

105

AW
100
1053*
1053*
55
101

24

1073*

Class A-.

103
40

65

1043*

1063*
1053*

1123*
96

90

1053*
48
100
51

106
50

57

553*

21

1013*

2$3*
102

14
2
12

3*
61
14

1273*

1283*

4*

53*

7

70
97

8*

90
2
21

23*

23*
23*
53*

"3"

JX
33

33*

3

63*

343*

23*

23*
33*

2J*

70^

72

60H

62g

i*

33*
33*

6

6

100
*

■

5

*w

22

IV*

35

37

3d
7

38
9
4

76

80

106

1! 108

Bangor Hydro Elec com.... .25
7% ptefe. red
.100
6% preferred...
....100
Baton Rouge Etec Oo 86 pf
*
...

Beauharnois Power com
Bell Telephone (Canada).... 100
Bell Telep of Pa 63*% pref -.100

Bnrerly Gas & Elec
Birmingham Elec 87 pref...

25

.*
86 preferred.
♦
Birmingham Gas 86 pref
•
Birmingham Wat Wks 6% pf_100
Blackstone Val Gas & El pref.100
Boston Edison Co
100
Boston Elevated Ry com
100
Brazilian Tr Lt & Pow ord——*
Bridgeport Gas Light
*
Bridgeport Hydraulic Co
20
Brit Col Pow Corp A
....
*
—

3*
13*
17
120

2*
18
123

104

100
3

162
116
40
60
55

213*
100

3>*
163
118
44
62
57

233*
102

111

1163*

118""

53
9

553*

273*

293*

32
29

34

*

10

30
4

"43*
135

Bklyn Manhat Transit.....
*
86 preferred series A
*
Bklyn & Queens Transit com
*
86 preferred.
..*
Bklyn Teleg & Mess'ger (gu).100
Brooklyn Union Gas
Buffalo Niagara & East Power—
81 60 prior preferred
25
85 1st pref
—.—.—.*
Cable & Wireless Ltd—

8
23

l~

_

53*
160

8X

243*

63I

50

123*

15""

95

96

Amer dep rec 734% A ord—£1

„

£1

Amer dep rets 53* % pref—£1

Calif-Oregon Power Oo—
6% preferred series of 1927 100
6 % preferred
100
Calif Water Serv 6% pref——100
Canada Nor Pow com
—*
Canadian Marconi.
1
Capital Transit (Wash. D O) 100
Carolina Pow & Light 87 pref — *
86 preferred*
Cent Arkan Pub Serv Corp pf 100
Central Elec and Tel com...—.1
6% preferred.
.....50
Cent Hud G & El com..—.....*

10c

43*
52
52

90*

...

100

Cent Illinois Light 4 3* %
pref.100
Cent 111 Pub Serv 86 pref.
...»
Cent Indiana Gas 63*% pref.100
Cent Indiana Power 7% pref 100
Central Maine Pow 86 pref—.100

53*
70
70
92
19
1

...

9

70

72

65

67

80
70c
26
13

85

108

10AX
50

90c
27

133*
110
102
51

63
15

66

100

723*

75

5% preferred—..
—100
Cent Ohio Lt & Pow 6% pf
*
Central Pow & Light 7% pref 100

!§*

833*

$7 preferred...—

116

16
65

Central N Y Power Corp—

73

77

703*

75

603*

62

543*

56
49

72

563*

143*

33*
153*
73*

12

13

1

133*
11

3

43*% preferred—

100

47
67

52*

5

........

Amer dep rec B ord

953*

26
50

•

86

1043*

3I

32

Brooklyn Edison........—..100

80
1013*
603*

105

25

4

43*

Class B

1023*

1033*

233*
30

4

Brockton Gas Light Co v t c—25

101

39

3

I2H

Atlanta Gas Light 6% pref. .100
Atlantic City Elec 86 pref—.:. *
Salt Transit Co v t c—....
*
Preferred v t c——....100

80
73

1043*

2

12

4

*

87 1st preferred$4 preferred..........

95

67

55

243*

*

Option warrants
Assoc Telep Oo Ltd 81.25 pf
*
Assoc Telep & Teleg 86 pref....*

1003*

1033*

563*

109 3*

...*
...

.....

99

Oonsol Hydro-Elec of

—

._1
.—25

com

Preferred $6 series
*
American Telep & Teleg
.100
Amer Utilities Service common.*

15

13

83

$0 cum pref

Utility

Ask

233*
1073*

Amer Superpower Corp com....1"
First $6 preferred-.—.-——.*

1013*

98

...A&O
Wisconsin Michigan Power Co—
1st mtge 32*s 1961
J&J
Wisconsin Minn Light & Power—
1st & ref 5s 1944 opt '19—M&N
Gen & ref 7s 1947
J&J
1st & ref 8s 1944—
M&N
Wisconsin Power & Light—
1st mtge 48 ser A 1966
J&D
4s serial deb June 1 1939-1946.
Wisconsin Public Service Corp—
1947

stamped 1937

Amer States

1213*

104

5s

Warrants
American Light & Traction."..25
6% preferred—.25
Amer Power & Light com......*
$6 preferred.
$5 preferred-.
>
Amer Public Serv 7% pref
100
American Service $3 preferred. .*

Common..

50

A&O
Hydro-Elec Co—

5s

.........

50

Williamsport Water Co

M

Bid

Arizona

$7 second pref series A

54

373*

Western Public Service Co—
1st & ref 53*s 1960
F&A
Western States Util 6s A *45.A&O
Western Union Telegraph—

Wyoming Vail P S 6s 1971..A&O

49

493*

21

1093*

93

Bonds
Amer Gas & Elec com..
...♦
$6 preferred
*
Amer Gas & Power com.........
1st $6 preferred .......
*

6% preferred.

1946..—J&D
Western N Y Utilities 5s '46.J&D
Western N Y Water Co—
1st M 53*8 1950
M&N
1st M 5s 1951—
M&N
1st 5s series B 1950..
J&J
Deb s f 6s extd 1950M&N
Western Pow (Can) 5s 1949—J&J

1st

853*
803*

Vesten Elec Ry 7s 1947
J&D
Virginia Electric & Power—
1st & ref M 4s ser A 1955.M&N
Virginia Public Service Co—
1st & ref 5Ks 1946 ser A—F&A
1st & ref 5s 1950 ser B....J&D
1st & ref 6s ser C 1952..
M&S
■Deb s f 6s 1946
F&A
Wabash Telephone—

A&O

Westchester Elec—See 3d Ave Ry
Westchester Lt 1st g 5s '50—J&D
Gen mtge 3 Ms gtd 1967...J&J
Westch ester Serv Corp—
4s 1948-1953
——A&O
Western Oont Util 6s 1944..M&S
Western Lt & Telep 5s 1954-A&0
Western Mass Cos—

Wisconsin

76

w

Texas Utilities Oo—
1st M 5a 1957 ser A
West Virginia Ohio River

1st mtge 33*s 1966..

85

VermontLtgOorp 1st 5s'44 A&O

33*s 1956—
A&O
extended 53*s 1956...M&N
ext

Wise Fuel & Lt 1st 5s 1948..M&N
Wisconsin Gas & Electric—

67

3

8
1st 5s 1939
M&N /
119
Utlca El L & P 1st 5s 1950— .J&J
121
Utlca G & El ref & ext 5s '57 J&J
Utlca & Mohawk Valley Ry—
13*
1st 4Mb 1941
M&S /

105
95

Ry—

„

74

Utilities Power & Light Corp—
Deb g 5 Ms 1947
J&D
Deb 5s 1959
—F&A
Utilities Public Service Co—

Phila Pass

Gen 4-5s series A 1965
J&J
Gen inc 4-5s ser B 1905...J&J

Utah Lt & Tr 1st 5s 1944 A..A&O

1st lien gen M 5s 1944
F&A
1st lien & gen M 4 Ms 1944.F&A
Utlca Belt Line Street Ry—

West
1st
2d
West

Wilmington Ry Bridge—
1st 5s 1943

Utah Power & Light Co—
Deb 6s May 1 2022

M&N

105

104

1183*
1113*
1083*
1023*

Winnipeg Elec 1st 43*s I960.J&J

85
92 M

213*

1043*

Western Utilities Corp—
51
15-year s f 6s 1952
M&N
Westmoreland Wat 5s '52—J&D
100
Westphalia United El Pr (Germ)
1st M s f 6s 1953——J&J /
22
Wheeling (W Va) Electric Co—
1st M 5s 1941 opt
1073*
M&N
White Plains Ltg 1st 5s '38— J&J
Wichita Water 6s 1949
M&S
1st M 5s 1956 ser B
F&A
101
1st M 5s 1960 ser O
M&N
1043*

73

_

973*

64"

M&S
J&J
J&J
West Penn Tr 1st 5s I960..J&D
1st M 5s 1963 series E
1st M 4s 1961 series H
1st M 33*s ser I 1966

1st

1053*

„

06
66

55"

53

107

Western United Gas & Elec Co—

—

,

108

1073*

39
100

-

First lien 5Ms '51 ser A.M&N
Union Water wks Co—

Ask

Preferred-

1st
5s
1959——
J&J
Wayne United Gas 6 Ms '44. J&D
West Canadian Hyaro-Elec—
1st 6s ser A w w 1950
J&J
Conv deb 6 Ms 1945
J&J
West Coast Telep 5s A 1953.J&J
West End St Ry—See Boston El

33*%

Union Traction—See Phlla R T
Union Water Service Co—

Coll
Coll

Certificates of deposit
Waukesha Gas & Electric Co—

West Va Water Service—
1st mtge 4s 1961...._—-A&O

1

97

g 1948—F&A
Washington Water Power Co—
1st ref 5s 1939 op
J&J
1st & gen 5s I960
J&J
Washtenaw Gas 1st 5s 1953..J&J
Waterloo Ced Falls & No Ry—
1st M s f g 5s 1940
-J&J

_BrIdge 33*-6 )*s, 1960

87

97
97

Washington Gas Lt 5s *60.-M&N
Refunding 5s 1958
J&J
Wash Ry & El g 4s 1951
J&D
Anacost & Pot 5s 1949—A&O
1st guar 5s 1949——A&O

West End Trac—See Phila Co
West Ohio Gas 6s A 1954—J&D
West Penn Elec deb 5s 2030-A&O
West Penn Power—

54

523*
533*

1st lien & ref 53*s B 1952-. J&J

Ave Ry

3

101

2d Gs 1939.—....
-F&A
Twin City Rapid Transit Go1st lien & ref 5His A 1952J&D

Union Elec Oo of Missouri—
1st mtge & coll tr 33*s 1962

1033*

100

Troy Gas Oo 1st 5s 1939—M&N

Union Ry—See Third

100
50

50

6s'61 A&O

Bid

116
106

City & Sub 6s

45
81

Tokyo Elec Light Oo (Japan)—■
1st g 6s 1953 series-..J&D16

Trent'n Pass Ry 1st ext

Bonds

6% preferred.
Cent & S W Util

com

......100
...50c

Preferred
Prior lien

*

preferred
—*
Central States Edison....—...*
Central States Pow & L 87 pf..*
Cent Vermont Pub Serv 6% pf-*
Central West Co. v t c——
—5
Chester Water Serv 63* % pref..
Chic City & Con com part ctffe—
Pref

partic ctfs

Chic Dist Elec Generat 86 pref.

70
61

13*
26
92

56

72
63

d*

29
94

1

3
92

94

23*
863*

&

"3*
1013*

102 J

june, 1938]

public

Quotations for all securities are as near as

Stocks

Par

Bid

Series 2

2%
X

100

—>100
100

Series 3.-..-.
Series 4

X

Cincinnati Gas & Elec 5% pf 100
Cincinnati Gas Transp
100

94

Cine New & Gov Lt & Trac.,100
Preferred
100

95

Cincinnati Street Ry
Clncin & Suburb Bell Telep
Cities Service new com

—

-

—

3%

-3%

8%

8%

38

36%

60

Company.-—--———50

57

60

100

185

10

6

*

Essex & Hudson Gas

$7 preferred

May 18

Ry—See Phila

Light
Fall River Gas Works
Federal Light & Tr com

25

44

25

12X

3

4

40

46

55

Fed St & Pleasant

46X

54%

$6% preferred

97%
31X

*

110

100

19

Coast Co Gas & El 1st pref. >100
Oolum G & El Corp (Del) com..*

102

6% preferred series A
5% preferred
6% conv preferred

5%
62

100
100
100

52

50

Columbus Delaware & Marion
60

7% preferred
100
Columbus & Southern Ohio Elec
6% preferred A
-.100
6%% preferred B
->100
Commonwealth Edison Co
Commonwealth Gas
Commonwealth & Sou Corp

104
94

25

25 %

1

IX
IX

com*«f|

Optional warrants
$6 preferred

^

..
o

_*
Commonwealth Water & Light—

36H

..

6% preferred7% preferred
Community Pow & Lt

:

100

21

24

20

22

Common

14*

18

45

49

*

32

34

*

Common

Connecticut Power
Connecticut Ry&

X
48%

*

100

5%% preferred

—.25

4%% preferred

100
*
*

.65

100

Oonsol Elec & Gas $6 pref
Cons Gas E L & P (Bait)
5% preferred series A
Cons Edison Co of N Y com.

44

42%
X
8%
5%

1O0

Lighting

50 X
116

113

USX

—

*

10%
68

X

Consumers Gas

(Reading)——25

Consumers Gas (Toronto)

100
*
*

Consumers Power $5 pref

$4.50 preferred..

24

22

183

18SX
93 X
86%

9134
84%

Continental Gas & Electric—

7% prior preferred

100

70X

68%

Continen Pass Ry—See Phila R T
Orescent Public Service com
1
Cuban Telephone pref
100
Cumberland Gas

X
30

40

99

Cumberland Co (Maine)
Power & Lt 6% pref——100

100

93

102
97

Dallas Power & Light 7 % pref 100

114

116

6% preferred
*
Danbury & Bethel G & E pf
25
Dayton Pow & Lt 4 H % pref. 100
Denver Tramway com
*

112X

5X% preferred

107 X

16"

12

28

31

Detroit Edison

100

83

9X
85 X

Duke Power

100

54

62

Duluth Superior Transit com

—

*
*

1

9

Duquesne Nat Gas common
$4 preferred
•
$5 preferred
*
Duquesne Light—See Phila Co—
East Middlesex Street Ry.
Eastern Gas & Fuel Assoc's

100

Eastern Mass St

Ry

n

4

115

125

2X

2

16

14

6

100

8
5

2

69

62

64

..100
*
*
*
._*

com

Conv stock

*

Electric Bond & Share

*

'_*

$6 preferred
$5 preferred

*

Elec Power Association

1

Class A full paid
Elec Power & Light Corp

1

$7 preferred
$6 preferred
2d pref series A
Optional warrants

Nat Gas

18

3

4X
19 X
2X
ex
49 X

18X
2%
6%
48 X
44 X
2%
2%
8%

48

5%
3 X

sox

It*
22

4X

7%
....

—

100
3

100

50

58

49

53




82

50 X

51X

47 X

50
52

44%
45^
17 X May 12
56

53

5c
2

15c

3
56

X

K
X

A^

30

32

7%

ex

3

3%

14

14 X

4%

prior lien

$6

100

91

105*
80*

*

3%

100
7% pref. 100
Indiana Service Co 6% pref—100
7% preferred
100
Indianapolis Power & Light—
6% preferred...
.100
6X% preferred
100

101X

103

Indianapolis Ry Co v t c
100
Interboro Rapid Transit...—100

3X

5

4X
5X

4X
4X

Montana Dakota Utilities com

5% preferred.
6% preferred

Service—

Mountain

86

88

Mountain

25"

Tel--10Q
*

87

pref—

11%
7%

..50

22%
2%

$3

conv

preferred

10

53
105

6% preferred......——100

100

com..—lOO

5

..200

45

125
52

New

23

5%

2

10%

9X

Brunswick

Light—

Heat & Power

J 00

49"

47"

52

99

102

83

*

%5X preferred stamped
New Eng Pow Assn com
6% preferred
$2 preferred

7% pref..J00

37

New England Pow Co $6 pref.100
New England Pub Ser com

100

33

X

6% preferred

55

*

*

*

*
1
100

......

50

Jersey Pow & Lt $6 pref.
*
New Jersey Water pref.
100

32

127
52

...

New

New Mexico Gas

35

X

6 preferred
§7 preferred

Ex-dividend.

..

com

17

15
8

10

47 X
15

13

$6 prior pref

39

46

-

New England Tel & Tel
New Haven Water

92*

125

*
♦
100

New Eng Gas & Elec Assn—

$7 prior preferred...

t New stock,

6

*
1st pref 100

$6 preferred

New Bedford Gas & Edison Lt.25

X
7X
25%
May 10

50

50

4X
X

Newark Consolidated Gas..—100

8X
SH

81
82
89

-

82

20
100

Preferred

27

22

4

preferred

States Tel &

Power 6%

Nevada-Calif Electric

1

X

87 X

28 X
56

Nassau & Suffolk 7% pref—100
National City Lines com..
1

Nebraska Power 7%

50c

'21X
*

Montana

100

National Power & Light com...*

7

*
100
Iowa El Lt & Pow 6% pref. .100
7% preferred
100
Iowa Power & Lt 7% pref... 100
Iowa Pub serv $6 pref
*
6 X % preferred

States Power com—*

National Gas & Elec com—.

65

72"

_

pref $7

40
100
10

7% preferred

13 M

20

60

r

II*

60

sf*

Montreal

85

r

24

10

r

11

May 12

Investors Telephone com...
Iowa Electric 6^s pref

...

Montana Power 6% pref

80

12

59 X

100
...100
*

Telegraph
Montreal Tramways com
Mountain Fuel Supply

11

49

Montreal L H & Pow Cons—-_*

48

46

68

59

preferred
100
Mississippi Power $6 pref
*
$7 preferred
-*
Miss Power & Light 6% pref—*
Mississippi Riv Pow 6% pref.100
Mississippi Valley Utilities.—..*
Missouri Pow & Lt $6 pref
*
Monongahela L & P—See PhilaOo
Monongabela St Ry—See PhilaCo
Monon-West Penn P S 7% pref 26

21

88

25*

%

2%

cum

Missouri Pub Service com

20

51

Canadian price.

*

Minnesota Pow & Lt 7% pref 100

108

r

preferred series A

*
Convertible pref A
*
Midland Util 7% prior lien.. 100

X
X

49 X

Nominal,

conv

Midland United com...

IX

106 X

Iowa Southern Util

$6

5%
%
5Xc
1%

...

6% pref series 1921

1

94

100

100

100 X
74

71

100

50
78

7% preferred class A.—. .100
6% p ret erred class A—-.100
Milw Elec Ry & Light—

*

$,

Middle West Utilities

6%

98

108 X
97 X

Internat Ocean Teleg (guar)..100
International Power Co
*

62 X

110X

8X

Warrants

63

9

17

15

25
50

1%
24%
3%

Preferred
..——100
Middle West Corp com
...5
Warrants

100

Italian Superpower common A._*
Jamaica Pub Service Ltd
*
Preferred
..100

n

5X

Indiana & Michigan Elec—

6% preferred

it*

35

185

$6 preferred

46

k Last sale,

5% conv partic preferred—50
Memphis Natural Gas
Memphis Power & Light $7 pf.
$6 preferred
*
Metropolitan Edison Co—
"5 cum preferred
*
6 preferred series C
*
$6 prior preferred————..*
7% prior preferred
*
Mexican Northern Ry com
100

4

Jamaica WaterSupp7 X % Pf-

value,

Mass Utilities Associates vtc..l

Warrants series of 1940

50

X
1

65

106%

Interstate Power

1

17

22

28

*

1

Warrants

46

*

9X

*

68

26

Foreign share ctfs

4

*

Common without warrants

64

54

Interstate Natural Gas

Empire & Bay State Tel (gu) 100
Empire District Elec 6% pf.-lOO
Empire Gas & Fuel Co pf 8%. 100
Preferred 7%
100
6%% preferred100
6% preferred
100
Empire Power Corp partic stk__*
$6 preferred
*
Empire Telephone com...
*

Without par

Common with warrants

35

6% preferred

82

5%

6% preferred
100
6% prior preferred
100
6% non-cum 2d preferred..100
Mass Power & Light Associat'n

106

460"

60

*

70

2X
•

62

*

29

43

International Telep & Teleg....*

%

£1

76

78

74

Market St Ry(San Francisco). 100

105

21X
104

Amer dep rets for ord shs
Marion Reserve Pow $5 pref

7

104 X

21X

190

25

17 X

46

$1.75 preferred
$3.50 prior preferred

50
50

6% Preferred

10

$7 junior preferred
*
Light—
$6 preferred
50
Illinois Water Serv 6% pref.. 100

86

.100

Preferred

Eliz Consolidated Gas

Manhattan Railway 7% guar 100
Modified 5% guar
100
Marcon Int Marine Commun'y—

11%

Illinois North Utilities 6% pf.100

80

445
com

15%
55

5X

100

96

21

Illinois Power &

International Utilities A.

92

19

100

Teleg of Me (gu)

46

88

25

27

International Ry vtc

16"

8
42

Maiden & Melrose Gas Lt

87"

Internat

9

15%

5/
78

78

25 Xs
32

1st preferred
100
Internat Power Securities com..*
Units

82

25

19

*

pref $3.50 series

81

103
111

25

IX

70

Arrears certificates

Conv

27

100

63

10

Internat Hydro-El Syst A

-

IX
32X
28%

...100

Light

65

Huntington Water 7 % pref
Idaho Power 7% pref
100
6% 1st preferred
*
ni Commercial Telep $6 pref
*
Illinois Iowa Power common
*
5% Preferred
60

General

—

Maiden Electric Co

50

7% preferred

«

94

PhilaRT

Illuminating Shares cIhsn A

m'

—

1%
31%

$2 Preferred

25

Hudson County Gas

110

7% preferred
100
Lynn Gas & Elec Co
25
Mackay Companies 4% pref. .100

27

80
62

1
100
25

Holyoke Water Power new

m.

^

m

Luzerne Co Gas & EI $6 pref. 100

85
80

Class B

Warrants
Eliz & Trenton RR

19

16

sx

com

Preferred

16X
.

21

El Paso Electric Co (Del)
Preferred series A

IX

33
*

F—See

Railway Co

Preferred
Lowell Electric

25
25

Indiana

67 X

Eastern Util Assoc

A

—

m

m

100
100

54%

Indiana Hydro Elec

23

*

Hewtonville M

m*»

•

14%

6% preferred.
7% preferred
Louisville

38

25

Ry com
6% preferred
Haverhill Elec Co
Haverhill Gas Light.

100

74

50

Havana Elec

5
72

Corp
*
preferred
100
Long Island Lighting com
7% preferred A
100
6% preferred B
100
Louisiana Power & Light $6 pf.

28

100
*

Preferred

51X

6% preferred
Eastern States Corp com
$7 preferred series A
Gas

8J

36

*

Hamilton Gas common vtc

Preferred

-A*-,——

98

Louisv Gas & Elec com cl A

25

Harrisburg Rys common
Hartford Electric Light

85c
30

East Shore Pub Serv 6%%pt 100

States

10X

5

25

75c

100

$6 preferred series B

~2h

$3 preferred
*
Georgia Power $6 preferred....*
$5 preferred
*
Germantown Pass—See PhilaRT
Gloucester Elec Lt Co
25
Gold & Stock Telep (guar)
100
Green & Coates—See Phila R T
Green Mt Pow Corp $6 pref—*

45

100
100

6% 1st pref stamped.,
6% pref B stock
5% adjustment stock

4

3

J00
100

com

11

2

com

6% preferred.
4%% prior preferred

IX
%

7*

1

v t c

2X

X

Preferred

100

Lone Star Gas

90

Preferred

105

100

East (''oast Public Service

65

S7H

Houston Natural Gas com

24

*
*

Preferred

Derby Gas & Elec $7 pref
Detroit & Canada Tunnel—

Lexington Util 6%% pref
.25
Lexington Wat Serv 7% pref....
Light & Pow Securities Co
*

45

Hartford Gas com

1

1

com

37

It*

7% pref class A——.
Hamilton Bridge

ux
22

100

45

*

Hackensack Water

Cons Trac (Pittsb)—See Phila Co

8

27

10%
18X

20

Greenwich Gas $1.25 pref
*
22X Greenwich Wat & Gas 6% pf.100
94 X Gulf Power $6 preferred
*
*
% Gulf States Util $6 pref
$5.50 Pref...
-*

94

46

15

114

22

S5 prsfcrrod
Consolidated Gas Utilities com>l
Cons Trac of N J—See P S Corp

X

-

36

34

Wjtrr&nfcs

115

*

Connecticut Light & Power

5% preferred
Telephone Corjp com
$3 conv preferred

_

32

*
*
*

Gen

-

56
22

25

100

Laclede Gas Light

99 X

25

Gen Telep Allied Corp $6 pref..*
Gen Wat Gas & Elec com A
1

X

6% pref

5% preferred

2X

1

$6 preferred
General Pub Util common

119 %
%
100
7% preferred
100 4103%
Kansas Gas & Elec 7% pref.. 100
106X
6% preferred
100
100
Kansas Power & Light—
98%
6% preferred
—.100
7% preferred
100
102%
55
Kentucky Utilities 6% pref_-100
20
7% junior preferred
50
42
Keystone Pub Serv $2.80 pref.. *
5
Keystone Telephone $4 pref— .50
34
Kings Co Ltg 7% pref
100
Kansas Elec Pow

30

24

stock..

Gen Public Service Corp
20

67
61X

Lawrence Gas & Elec Lt

86

34*

103
17

75

38

38X

Florida Power & Lt $7

Amer shs for ordinary

Bid

5% preferred

22

pref
*
36%
98
111
Foreign Light & Power units...*
RT
Frankf'd & S'thwark—-see Phila
20 X
25
Franklin Telegraph (guar) —100
104
IX
6
Gandy Bridge common
*
130
Gardner Elec Light common. 100
64
100
Preferred
-100
58
2X
Gary Elec & Gas common
*
125
Gas & Elec of Bergen County .100
Gas Utilities Co
*
2%
67
10
Gatineau Power com..—
—*
105 X
5% preferred——
—100 r 84
96 X Gen Gas & Elec (Del) com A..*
5% prior preferred...
*
25%
30
2
$6 cum conv pref ser A
*
32
■' r 1 %
$6 conv pref ser B
*
33
$7 preferred
*
*A
<KQ npnf.
'
34
S7X

Community Pub Ser com v t c_25
Community Water Jerv com
1
7% preferred
*
Concord Elec Co 6% pref
100
Conn Gas & Coke Sec pref

$7 preferred

IX
19

20

Gen Italian Edison Elec Corp—

♦

First preferred 6%

IX
17

Fltchnurg Gas & Elec Light. 50
Florida Power Corp 7% pref.. 100
35

100

*
—*

com

IX

1%

*

common

$4.50 preferred
Cleveland Railway

13 X
10

77

18
20
37 X
83

*
*
_—..—_*

$6 preferred

—100

7% preferred

Val—See
Federal Water Service com A.

T

47

74*
Phila CO. *

30

Citizens' Pass Ry—See Phila R T
Citizens Traction—See Phila Co
Citizens Utilities com
—1
Citizens Water Co of Wash (Pa)
Cleve Elec Ilium

R

15

Preferred

Par

...

Option warrants

*
100

-

60

"7X

Fairm't Pk & Hadd Pass

10

Cities Serv Pr & Lt $6 pref

El Paso

52

100

Preferred BB

4%

50

($6).----*
Federal Power & Light com.—50

Preferred B

Eastern

Essex

Stocks

Jersey Cent Pow & Lt 7% pf. 100
6% preferred
100
5 X % preferred
100
Kansas City Power & Light—
1st pref $6 series B
*
Kansas City Pub Serv
*

Ask

4X
53 X
55

Fall River Elec

82

80

100

mm*.

Bid

1
*
*

Engineers Pub Serv com.
$5 convertible preferred
$5% pref (with warrants)
$6 preferred

European Elec class A

75

50
50
10

Preferred

97%

80

Par

Stocks

Ask

Obtcago Rys particctfsser I.. 100

79

utility stocks

possible for the closing day of the month preceding the date of Issue

—

126
1

129

%

25

8%

7%

IX
27

9X
8X

24

25

87

93

71%

73 X
95

91

99

5

94
3

50

31

33

4

80

PUBLIC
Quotations for all securities

Stocks

Par

Bid

New Orleans Pub. Serv com..—♦

4

7% preferred
Newport Elec 6% pref

are as

Ask
6

--*

62%

64%

100

90

New Rochelle water 7% pref 100
N YMutual Telegraph (guar)..25

8

Stocks

17
24

N Y Oity Omnibus common

..*
Option warrants
N YPow & Lt Corp $6 pref
*
7%
preferred
—
100
NYA Richmond Gas 6% preflOO
N Y & Queens El L & Pow—
Common

6%

6%

Texas

77

May

"~%
37

11

Northern Indiana Pub Serv—

ilv°

44%

46

100

56

100
....100

68

69%
55

25

53
39

Northern N Y Util7% pref.-.lOO
Northern Oklahoma Gas com
1

88
6

Nor States Power (Del) cl A

9._
62 %

Northern

Liberties Gas

.100
7% preferred
.....100
6% preferred
100
(Minn) $5 series cum pref....*
Northwest Electric 7% pref—100
North West Util 7% pref
100
7% prior lien
100

$7 preferred

5% preferred

17
35

50
54

54

25K

58
28

87

m

31

32

%

*

20

Oklahoma Gas & Elec 7% preflOO

98

6% preferred
100
Okla Nat Gas Corp com
15
$3 preferred
—50
6% conv preferred
100
Omaha & Council Bluffs Railway
& Bridge 4% cum pref
100
Omnibus Corp vtc
*
8% conv preferred A
100
Orange & Rockland El 7% pf_100
Oregon Wash Water pref
4
Ottawa Light Heat & Pow
100

•

,1%
22

86

7%
28
89

1st preferred
Pacific Telep & Teleg

28%
94

8

9%

29 %

26 %
35

27%
36%
104%

*

5

*

15%
97%

100

59%
5%
16%

137
125
7

6%
preferred
100
Paterson & Passaic Gas 8c El..100

98
140
12

3%

101

103

1

§2.80 preferred

*

60

Pennsylvania Water & Pow
Preferred

People's G L & C (Chic)
Peoples Light 8c Pow A

43

Seattle Gas common,.

13
54

$5 preferred
$5 preferred
Second Ave RR Cop. (NY)

23

12c

116%

Sierra Pacific Pow common

82

*

26

86

107%

1H

1

Preferred

$5 preferred
6% cum preferred
$6 cum pref

Allegheny Traction

*

27%

3?s

50

55"

a

6

7%

Phila Elec Power 8% pref

Without par value.




a

Y%

5

3%

10

6 ;

70

85
c

*

57

40c"

20c

10c

2P

il*

3
16

20%
24%
26%

20%
25%
27%

....

25
25
25

Original preferred

38

Southern Calif Gas Co—

10
115
7

54

6% preferred series A
Power....
Southern Col Pow com A
Preferred

I§"

29

116

30%

31

*

.25

100

29%
r

...

~S%
38

30%
11%
2%
42

Southern Indiana G 8c E—

4.80% cum preferred
Southern Nat Gas class A

iS*

25

Southern Canada

Class

B

100
com.

'

100

Southern Union Gas com...— *

Called July 1 at 52%.

Jfc Last sale.

25

.25

n

*
*

1st pref..

cum

♦

Pref—100

.

Nominal,

6

42*'
3%
82

%
9%
105%
98

2%
2

19%
66

67

*

..II
*

...

United Tel & Elec 6%
pref."IOO
7% preferred
..100
Utah Power &
Light—
$6 preferred
......._*
$7 preferred
I*
__

30c

18*
45%
15%
17%
31
33

1

common

1

Class B

i

7% cum pref.
-.100
Virginia Elec & Power—
$6 preferred
Virginia Pub Serv 7% pref... 100
6% preferred
.100
Washington (D O) Gas Light
*
PfpfpypfiH

108%
62
52

22

sk

97%

pref"II100

6

com

100

585
111

Ry & El

100

Washington Wat Pow 6% pref--*

92

*

76

West Penn Elec Co class A

7%
6%

cum preferred

100

preferred

....100

cum

7% pref
100
6% preferred
-.100
West Phila Pass—See Phila R T
West Texas Utilities $6 pref
*

West Va Ohio River
Common

Preferred
West Va Water

82%
9

3%
136

84

83%
78%
120

115%
73

Bridge—
2
10

Serv" 6 % "pref111 *

Western Lt & Tel

1

com

Preferred
Western Massachusetts Cos
Western N Y Water pref
Western Union Telegraph..
Western United Gas & Elec—

Class B

.......

77c

25
27

100

19%

6

*
100

Preferred
Wisconsin Pow & Lt 6% pref.100
7% preferred
100
Wisconsin Pub Ser Corp 7% pflOO

6%% preferred

85

._*

6% preferred
100
6%% preferred
100
Westmoreland Water pref....
*
Wheeling Elec 6% pref
100
Williamsport Water pref
*
Winnipeg Elec class A.....
•

95

98%
89
105
93
1.90

1.25

56*
61
91

100

87

Wisconsin Telep 7% pref...-.100
Wolverine Power Co
Worcester Trans Assoc

116

York (Pa)

*

common..

Southern New Eng Telep

8% preferred
7% preferred
*

80%

5 /

Southern & Atlantic Teleg (gu)_25
South Calif Edison common...25

6% preferred series B

25

"

108

5% % preferred series O

*

com

101

78%

100

70

$5 preferred

11%

10%

-—

36

50

lOl"

98
99

Southeastern Gas 8c Water A...*
Common
*

7
19

Phila & Darby—See Phila R T
Phila 8c Grays—See Phila R T

Philadelphia Elec Co

94

54

62%

4

19%

103

34

ll3%

5

3

100

50

50

,1-

South Pittsburgh Water—

Southeastern Pow 8c Lt—
Warrants

98

106%

Wash (D O)
Preferred

20

15

60

62

Traction
50
Consolidated Trac pref
50
Duquesne Light 5% 1st pref 100
Federal St & Pleasant Val
25

112%

%
1%

South Bay Consol Water pref.100
Sou Carolina El & Gas 7 % pf. .100

60

Citizens

'

17

Sioux City Gas & El $7 pref—100
Amer Utilities com.—50c

6% preferred
7% preferred

74

Wash Gas & Elec 7%

South

50
*

Monongahela Lt & Pow
Monongahela St Ry

94

South Carolina Power 6% pref.

4

28%
6%

25

106%

63

*

$4 preferred

108

Peoples Nat Gas 5% pref
50
Peoples Water & Gas pref
100
Peoria Water Works 7% pref.100
Phila City Pass—See Phila R T
Philadelphia Co com
»

117

103

100

—:

*

B

West Penn Power

81

105%
66%

Scrip

117%

115%

18%

87

Preferred

1
.*

"*

Utilities Power & Lt cl A

110

4%

70

86

....

Improvement! 1111 ~ *

Non-voting

Shawinigan Water & Power
*
Shenango Valley Water pref—100
Sierra Pac Elec 6% pref,..—100

100
1

Common class B

66%

108

*
*

69

86

104

63

com..

Script

"9%

100

79

•

82%

2d & 3d Sts Rv—See Phila R T

it*

98%

74

Corp

$2.75 preferred-...
$3 preferred

110

*

1st

2d

1%
23

..100

Common

92

80%

1

9

1

9%

2%
26%

*

.

United Pub Util com A
Class B common

90
90

.*

51

5c.

50

com

6.36% preferred
100
7% preferred
..100
United Public Service
Corp..
l

32*

111

4

104%
11%
%
8%

$5 preferred
United 111 Co of New Haven
United Lt & Fir com A

6%

108

90

3

100
IOO

U«it??ijlghtife Ry 6%

—.100

Water Service 6% pref

Pennsylvania Gas

7%
32%

75c
108

53

£as & E1 (N J> 5% Pf-100'
Gas

United Gas

Rochester Gas & Electric—

101

11

Pennsylvania Edison Co—
5

3%

78

San Antonio Pub Serv 8% pf.100
San Diego Cons Gas & Electric—

95

28%
61%
61%
60%

27

._...__*

$7 pref series A
Warrants

46%

63

8
101

100

7,% preferred

United

100

6% preferred series O
JOu
6% preferred series D
100
h% preferred series E
100
Roch Telep $6% pref
10U
Rockland Light <& Power
10
St Joseph Ry Lt & Pr 5% pf—100
St Louis County Water pref.,100
St Louis Pub Serv common
*
7% preferied
*

8
93

*

7% preferred.

15

46%

1
50
60

99

%
5

com

Rapid Transit

23

5%

*

Pennsylvania Power 6% pref.100
6.60% preferred
100
Pennsylvania Pow 8c Lt $7 pref, ♦
$6 preferred
*
$5
preferred
*
Pennsylvania State Water oref.*
Pennsylvania Telep 6% pf__100

Penn Western Gas & El

Twin States Gas & El
7% preflOO
Twin City

Warrants
United Gas &«EIec
(Conn) com.*

14

5

17%
6%
13%

80

...

29

M*

9
2

3

III""I*

116

12

27

92%

*

Ioo

(NY)

Union Pass—See Phila R T~"~
Union St Ry (New
Bedford)..100
Union Traction—See
Phila R T
United Corp
...__*
$3 cum preferred-

70

112

73

93

Preferred

80

65

preflllioo

Sts—See Phila R T
Tidewater Power 6% pref
*
TMedo-Edtaon pref A 7%
100
6% preferred
100
5%
preferred
..100

Union Gas
System

70

-

40

4

*

.

7% preferred
6% preferred
Union Gas
(Canada).

*
Puget Sound Pr & Lt $6 pref
*
$5 prior preferred
--*
Quebec Power common
*
Queens Borough G & E 6% pf 100
Radio Corp of Amer
*
$5 preferred B
*
$3.50 conv 1st pref
*
Rapid Transit Ry—See P 8 Corp
Republic Nat Gas com
1
Rhine-Westphalia Elec Pow—
Amer shares representing com,
Rhode Isld Pub Serv $2 pref
*

preferred
*
common
*
Penna Gas 8c Elec Corp $7 pref..*
Partic class A stock
*
Penna Gas & Elec Co 7 % pref, 100

24%
112

common..—*

_

185

Public Serv El & G $5 pref

25%

110

_1

107

San Joaquin

23%

100

Warrants......
Warrants B

com

Texas Fewer & Lt
7%
6% preferred

TT

95.
30

68

Union Electric Co of
Missouri—

82
90

Scranton Transit common

*

ioo

120%

88

11%

Peninsular Telep Co com
Preferred
Penn-Ohio Edison—

Ry
Texas Elec 8ervice
$6 pref

137

100

7% preferred

preferred
—100
1st preferred
(6%)
100
cum 1st
preferred
100
Terre Haute Elec
6% pref—.lOO
Texas Electric

103

*

24

*

com

*

136

120

Class A

100

1st pref (7%) 1100

116%

Lt & Power—
7% prior preferred,.
100
6% prior preferred
100
Savannah El & Pow 6% pref.100
7% preferred
100
8% preferred
...100
Scranton Electric $6 pref
Scranton-Spring Brook

Pecos Valley Pow & Lt

28"

27%

60

Preferred

103%
56%

84

Rapid Transit St Ry Co
100
So Jersey Gas & Elec Trac.-100

Riverside Traction..

18
25%

15%
100

92

54"

29 %

100

14

98

40

50

100%

25

23

91

7% preferred

7% pflOO
6% pref
Tacony-Palmyra Bridge—

Toh^Avceau® Ry
13th & 15th

99"

36

Public Serv Co of Nor 111.
Common

*

& Pow

®o8c/Pydro E,ec

81

8

30

116%

1

com

Transit" St Ry 150

$3.50 preferred

12%
7%

Bid

♦

Suburban Rapid
Superior Wat Lt
Swiss Amer Elec

Texas Gas Util

Consolidated Trac of N J, .100

Ridge Ave Pass—See Phila R T
Rio Grande Valley Gas vtc

14""

99

77

preferred—
100
Public Serv of Ind $7 prior pref-.*
$6 preferred
*
Public Serv Co of N H $6 pref__*
$5 preferred
*
Public Serv Corp ofNJ
*
8% preferred
.,100
7% preferred
100
6% preferred
100
$5 preferred
*

99

25 %

2%

103
97

6%

8c Lt

5%

4

113%
112%
10%

Providence Gas
*
Public Elec Light 6% pref
100
Public Serv of Colo 7% pref—100

9%

80

2

3%

105

6% pref—.100
preferred
100
Power Corp of Canada com
*

*

B

Tenn^see El P
7.2% 1st

24

96

5% %

*

rpS% conv preferred
rampa Elec Co
82

2

100

90
95

Preferred
—.100
Pacific & Atlantic Tel (gu)....25
Pacific Gas & Electric
25
1st preferred (6%)-—.-.25
1st preferred (5%%)
25
Pacific Lighting Corp com
._*
Preferred
($6)
Pacific Pow & Lt 7% pref
Pacific Public Service—
Common non-voting

100

111%

2%

Public Serv of Okla 6% pref—100

83%
92%

24

1%
2%

Potomac Elec Pow

83""

1
com

112%

81

1
..—5

Ohio valley Gas com

46""

3

22

50

*

Preferred

109

100

7% preferred

100

Mi*

Class

19

17

Postal Teleg & Cable 7% pref 100
Potomac Edison Co 6% pref-.100

42

43

25

92

88"

*
100

100
Ohio Public Service 5% pref. 100
5 % % 1st preferred
..100
6% preferred
..100
^referred
7% Pi
.100

Ohio Water Service A

llH

8%

100

Ohio Service Holding com

65K

91%

N'western Pub Serv 6% pref. 100

7% preferred
Ohio Power 6% pref

~7%
10

54

7% preferred
100
Northwestern Telegraph (guar) 50
NY PA NJ Utilities $3 pref
*
Ohio Edison $6 pref*
Ohio Elec Power 6% pref

41

62

Standard-Pow

25

2%

pref 100

--*

prior pref
preferred
prior pref.

15

78

58

cum

20

Union Water,
_*
Portland Elec Pow 6% pref.—100

7% prior preferred

cum

20

50
50

Plainfielu

Portland Gas 8c Coke 7%
Portland Gas Light

cum

$4
$6

26

Traction—See Phila R T
Pittsburgh Suburban Water—
$5.50 preferred
100

51

$7

9%
6%

22

Phila

1%

2%

21

7%
5%

^ 9,as & Elec Pre)r

Springfield Gas Lt Co..
25
Springfd (Mass) St Ry Cos pf 100
Standard Gas & Elec com
*

5

6

50
($17% pd)_50

54

48

$4 preferred

2d & 3d Sts Ry guar
13th 8c 15th Sts Pass Ry
Union Pass ($30 5-6 pd)

9
%

3%

it*

Union Traction
West Phila Pass guar
50
Phila Suburban Wat 6% pf---100

%
34

10

50

94

„

Northeastern Wat & Elec com..*

6% preferred
7% preferred
5%% preferred

17
7

1%

50

com

__

8

19

PhilaCityPass Ry($22% pd)_50
Phila & Darby Pass Ry
50
Phil & Gray's Fy ($25
pd)—50
Philadelphia Traction
50
Ridge Ave Pass ($28 pd)—50

36

*
*

(Del)

Passenger
50
Coates Sts ($15 pd) 50

Hestonville M & F
Preferred

P
Iffe

100
Co

Green &

66

*

Preferred
North

15
24

99

76

50

$6 preferred

38

11

29

120
100
15

North Amer Edison $6 pref....41
North Amer Light & Pow...—1
North Amer Utility Securities
North Boston Ltg Prop com

14

32

Par

So Jer G El &
Tr—See P S Corp
Southwest Cons Gas Util com
1

Southwest Gas (Okla) 7%
preflOO
S western
Bell Tel 7% pref.
100
Southwestern G & E 7% pref.100
Southwestern Lt & Pr com A
*
Preferred
*
Springfield City Water 6%"pf 100

37

10
5

guar

96

*

preferred

28

Passenger

26

100
N Y Water Serv 6% pref
100
Niagara Huds >n Power—..—10
1st pref $5 series..........100
2d pref 5% series
..._100
Class A.option warrants...

3

50

Germantown

9

86

preferred

Class B option warrants....
North American Co com

50

Stocks

™2%

1%
2%

50

Continen Pass Ky ($29 pd)_50
Fairm't Pk & Haddington, ,50
Frandf'd 8c Southwark Pass.50

25

7%

*

...........

Citizens

Ask

Bia

Par

Philadelphia Rapid Transit
7%
preferred

95
12
19

STOCKS

UTILITY

possible for the closing day of the month preceding the date oflssue

near as

Railways pref
50
York Water Co..............

3%
5

17
24

9%
4%
138

1%
10

2%
11%

----

r

Canadian price.

t New

stock.

x

Ex-dlvldend.

heading "Industrial and Miscellaneous

Under the

Securities"

include all issues which do not appear

we

"Public Utilities." In the
"Real Estate and Land,"
Companies" under separate heads, then follow with the rest of the

under the previous three headings, namely "Railroads" "Investing Companies" and
case of stocks, however,
we put "Textile Manufacturing," "Insurance," "Mining,"

"Title

and

Guarantee

Safe

Deposit

"Industrial and Miscellaneous."
NOTICE—All bond

prices are "and

interest" except where marked "f" and income and defaulted bonds
for the closing day of tbe month preceding the date of issue

Quotations for a1] securities are as near as possible
Bonds

Bid

INDUSTRIAL AND
MISCELLANEOUS BONDS
m

102 m

104M

1948.M&S
J&D
F&A

85

1938-1939
A&O
1940-1945
A&O
Advance Bag & Paper 6s *52. J&D

48
42

101

101

Adams Exp coll tr g 4s
Coll tr g 4s 1947
4 Ms stamped

81*
95

1946
Addressograph-Multigraph Corp

87
73

-

-

J& J
A&O
By-Prod 6s 1955—J&J

Income 6s 1955
Alabama Mills 6s (w-s)
Without stock

88 M
92

98

15
85

M&S
Aluminium Ltd s f deb 5s '48.J&J
Amer Aggregates Corp—
f 7s 1955

79

81
104

Am Fruit Growers ect 7a

'43.F&A
J&D

95

95

98"

45
45

Conv deb 5Ms 1949
M&N
Amer International Corp—

103 M

loo"

J&J
Foamite—_
1956
J&D

92M

103 H

47

95
*51—M&S
Am Mach & Metals 4s 1943.-J&J
63
Amer Nat Co (Ohio)—
55
Extended 6s stpd 1943
J&J
Amer Radiator deb 4 4s '47.M&N
107 M
Amer Seating 6s stpd 1946—.J&J
Am Silica-Sand 6s 1951
M&S /
Am Lime & Stone 5Ms

8§x

Am Tobacco deb 4s 1951—--F&A

Type Founders Inc—

s

Amer Writ Paper 1st 6s

1947 J&J f

Certificates of deposit
Oonv 6s 1961—

/
Ann Apr *

M&S /

Anaconda Copper Mining Co—
Sink fund deb 4Ms 1950—A&O

96 M
95

Anthony (E C)—
1st s f 6s (San Fran) 1942-J&D
1st s f 6s (Los Ang) 1942--J&D
Arcade Mall Iron 7s 1943
M&N /
Armour & Co of Delaware—

101M

J&J al01u»2

98
105
102

5M

A&O
J&J
Bakeries 6Ms '45.M&S

20-yr 4s ser B
1st mtge 4s series O

66

103 M

55

Canada SS L 6s '41 ser A
1st & gen 5s 1957

82

83*

96

98

60

7M

118

119

97

25-yr guar 5s 1955
M&S
Canadian Vickers 6s Aug 1 194?
Caribbean Sugar 7s stpd '41-F&A

98
4

2

90

Carlisle Lumber 6s 1945

98"

Debenture 4 Ms w w
Central Foundry Co—

104 M
29 M

18

93

10

1955-F&A
93
59

52

76
55

92
42 M

Associated Mtge Co 3-6s Dec 1 '53
Atl Gulf & W Indies SS Lines—

41

Coll tr g 5s Jan 1 1959
J&J
Atlanta Laundries 6Ms w w 1943.
Atlantic Ice & Coal 6s 1951. J&D

55
92

97"

1945——F&A
Atlantic Lumber 6Ms ctfe —1932 /
Atl Bug Rof 1st s f 4s *51—.M&N
Atlas Imperial Diesel Engine—
6% conv notes 1945
M&S
Atlas Pipeline Corp 6s 1945-M&N

37

40

Gen conv 6s 1950

M&N

60 M

45

57

loo"
84

52

25

Auburn Automobile—

17 M

Conv deb 4 Ms 1939
J&J /
Ault-Williamson Shoe 6s 1942— /
Autocar Co 7s ext 1947—M&N

96

Avery (B F) & Sons 5s w w'47J&D

91

94M

78
35

88

Without warrants

if*

Bagley-Olifford Corp 6s 1942. J&J
Baldwin Locomotive Works—
1st g 5s 1940
M&N
Mtge 6s 1950
M&S
Baragua Sugar Estates—
Cum inc deb 6s 1947J&J
Barber & Ross 4s 1945
J&D

82 M

Bates Valve Bag Corp—
Deb 6s ex-warr 1942

99

100

13
15

16

F&A

Bayway Terminal 6s 1954—J&J /
Beattie Sugar 7Ms 1943ctfs.J&D /
Bedford Pulp & Paper 6Ms 1942-

1944.-J&D
Beneficial Loan Soc 6s B 1939 Q-J
6s profit Rhare deb 1956-- Q-J
Bessemer Limestone & Cement—
6s 1955—
J&J
Bethlehem Fdy & Ma 5s'44 A&O
Bethlehem Steel Co—
1st lien & ref 5s 1942
...M&N
Purch money 6s 1998—Q-Feb
Cons M s f 4Ms ser D *60--J&J
Beech Creek O & C 5s

98
64

41

100

65M
43

101
93 M
100

97"

54

100 M

102M

5
65

H2M
129M
103 M

Called July 1 at 104.




a

-A&O

35

83M
49

A&O

—

50

J&J

1952——

4% notes 1942

102 M
102

J&J

Erie Elec Motors 5s 1941

A&O

10

F&A

63

96 M

European Mtge & Invest—
1st lien 7Ms 1966 ser B
7M» income 1966

97M
97 M

lsUien 7s 1967
99

94

58 M

68

O

/
M&S

93

106 M
75

99

97
91

93

91

18

11
18
75

20-year 4s s f deb 1950.
J&D
Falstaff Brew deb 5s 1947--J&D

99 H
84

-_

11

99

1st & coll 3 Ms 1940-1942. J&D
1st & coll 4Ms 1951
J&D

16

99

93

.

99

91

93

96 M

96 M
45
-

—

98 M

sex

F&A/

Famous Players Canadian—
1st & coll 3s 1939
J&D

97

43 M

1954

7s Income 1967
f
Everlastik Inc 1st 7s 1937.M&N
Fairbanks Morse & Co—

60

99 M

99

Farmers Mfg Co 3Ms 1953.-M&S
Farmers Nat Mtge Inst 7s '63A&< >
Federal Coal 5s 1969
J&D
Federal Screw Wks conv 6 Ms '39.

11

97M
11

18"

Federal Sugar Ref 6s ctf '33 M&N
Fiat s f deb 7s 1946
J&J

96"

Filtrol Co of Calif 5s 1940— J&D
Finland Residential Mtge
Bank
s

f 68 stamped

84

J-M&S

1961

101H
102 M

Firestone Cotton Mills 5s '48M&S
Firestone Tire & Rub of Calif—
S f 5s 1942—
M&S
First Bohemian Glass Works—

103

J&J

25

1st secured 7s 1957

Flour Mills of America Inc—

Conv g 6M%

/ 100M
103 M

103
/ 50
88

90"

J&J
M&N

99
*

90

56

Franklin Coal Co 7s ws 1949-J&J f
Fraser Co 6s Jan 1 1950
J&J

40

43

French

99M

Frick

lOOM

37

38

37

37 M

94

/

Deb 7 Ms

53
99 M

/
/

j|H

Ind & Dev Corp—

1942
Francisco Sugar 6s 1950

88

/
/

notes 1946.A&0
Follansbee Bros 5s 1947
J&D
Forest Lawn lsts f 6s 1949—J&D
Framerican

12

14"

42 %
24

44

75"

Consumers Credit Svc 6s 1962—

70

114M

Container Corp 1st 6s *46.J&D15
Deb 58 1943 with warr-_J&D
Oonfl Invest Bond Corp 2-5s '53-

Nat

Mail SS

55 M

lfol

57
80
103
92

Lines 6s

'5v

(H O) Coke 5s to 1944-J&J

104 M

42
93
97

3.2b%

Friek-Keid Supply tis

102
1943.-JalD
Fruehauf Trailer deb 4M8'47A&0
86 M
(Kobt) income notes 6s 1972 /
—
Galveston Wharf Oo—
Ref 5 Ms series A 1951
92 M
J&D
Ref 5Mr series B 1954...-J&J
92 M
Gair

1st 5s 1940
A&O
Garlock Packing 4 Ms 1946—J&D

4Ms Dec 15

33

132
103 M

J&D

Ernesto Breda 7s

7M

6M

97

/
/

102

Corp—

f 4s 1956

90

Consumers Oo (Chic) 6s 1946 J&J
Consumers Co (111) 5s 1956.-J&J

194/.

J&D

Gelsenkirchen Mining Oo
6-yr 6% notes 1934
6s 1937
6s 1940

102
96

97

M&S / 100
/ 100
/ 100

77

Oonfl Invest Deb Corp 3-6s *53—
Continental Roll & Steel Fdy—

48

J&D

79

1st M conv s f 6s 1940

*

1st 4s

120
57

Consolidation Coal Co—

1 I960.-A&O

s

Emporium Capwell Corp—

5M

4 Ms s f deb 1950 (new)—_M&S
96M
Chateaugay Ore & Iron—
Guar gold 4s 1942
J&J / 50
95
Cbesap'ke-Camp Oorp4 Ms *47 J&J
92
Chicago Stk Yards 5s 1961-A&O
54
Childs Co deb 5s 1943
A&O
65
Chilean Nitrate inc 5s 1968. .J&D
Cities Service Asphalt 5s 52-A&0
50
42
City Ice (Kansas) 6s 1940—A&O
City Savings Bank of
Budapest 7s 1953
F&A / 13
Clearfield Bit Coal 4s 1940--J&J
85
106
Cleve-Cliffs Iron 4 Ms 1950.M&N
Cleve Tractor conv 5s 1945.M&N
72

Sink fund 5s July
5s 1950

Coll

6s 1943

115*1

55

60
42 M

Empire Oil & Refg 5 Ms 1942 A&O
Empire Properties Corp 2-3s 1945
Empire Sheet & Tin Plate—

96

7s series A & B 1950——
7s series C 1959

28*

49

1938-_J&D

Elec Auto-Lite deb 4s 1952-F&A

74M

Cespedes Sugar 7 Ms 1939
M&S If
Champion Pap Corp 6s *45--F&A
Champion Paper & Fibre Co—
4 Ms s f deb 1950M&S

102

M&N

8
14

Elk Horn Coal

8s

Q-F
Q-M
7s series D 1956
Q-J
6s series AA 1953
Q-F
6s series AB 1948
Q-M
6s series AC 1952
Q-J
Colo Fuel & Iron s f 5s 1943-F&A
Income 5s 1970.
An Apr
Colo Indus 1st 58 A & B 1934 F&A
Comm'l Disc t (L A) 6s '39—A&O
Oommerz-und Privat-Bk Germ'y)
5M % notes'37(Am pt ctf)M&N
Commonwealth Subsidiary CorpDeb g 5Ms 1948 ser A—M&S
Connor Xumb & Land 6s *41 M&N
Oonsol Biscuit 1st 5Ms B '46 M&S
1st 5Ms ser O 1946
J&D
Oonsol Cement Corp—
Cum inc 6s 1950
F&A
Cum inc 6% notes 1950 .F&A
Cons Laundries Ext 6Ms 1941 A&O
Consol Oil s f deb 3M« 1951. J&D
Oonsol Paper Corp 5Ms 1961-5 Ms ex-stock 1961
J&J
Oonsoi Steel Corp 6s ser A *44 J&D
Consol Textile 1st 8s 1941.-J&D

35"'

Eastern Mfg 7s ser A

Collateral Bankers Inc—

22

Jan

40

1941.-M&N
Certain-teed Prod 5 Ms 1948 M&S
1st

86

55

East Temple Corp 6s (w s) 1941
Eaton Paper 1st 5Ms 1943.M&N

5

M&S
...M&S

102

Jan

Deb 58 series A 1955
Deb 58 series B 1955

11

Ry Term & Cold Storage
6Ms 1952
A&O

93

80

66

105M

F&A

89

80

1947-F&A

1st mtge 6s 1941
Gen mtge 5s 1941

95

98""

99 M

106

notes 1947—-J&J

Eastern Dairies 6s 1949

General Corp—
15-yr deb 5s with warr '50M&N
Carthage Marble 6Ms '42
M&S
1st non-cum inc 5s Apr 1951.
Cassco Corp Inc 6s 1949
M&S
Celotex Corp—

Central Steel

57
51

97 M

Eastern Car Co Ltd 6s 1952-J&J
Eastern Cuba Sug 7 Ms '37.M&S

Central

17

62

Durham Duplex Razor 6s 1955

Carriers &

95

1957.-J&J

Atlantic Ice Mfg 6s

10-yr 5M%

Canadian Nat Steamships—

108 M
84 M

91

99 M
99 M

Deb 4 Ms ser A 1951
M&N
Dominion Textile 4Ms *55.-M&S
Donnacona Pap 4-4 Ms '56—F&A

Dryden Paper 6s 1949
Dufferin Paving & Stone—

19M

28

87

29M

Dominion Tar & Chemical Co—

99

18 M

103 M

89

Dickey (W S) Clay Mfg Co— 1
Cum inc 5s (w-s) Nov 1 1949..
Cum inc 5s (ex-stk) Nov 1 1949
Dom Coal 1st 4 Ms ser A *52_A&0
Serial 3 Ms 1938-43
A&O
Dominion Steel & Coal 6 Ms 1955

00 M

15

Arnold Print Wks 6Ms 1941.A&O

1st 5s Feb 1 1952
A&O
Arundel Bond Corp 2-5s Dec 1 '53
Arundel Deb Corp 3-6s Dec 1 *53.
Ashville Citize-Times 6s'45-M&S

"6M
107

_

1st M

102

36

16

74

69

f 6s Oct 15*60 A&OIS /

98

Antilla Sugar Estates—

Income deb 6s 1951 (w-s) _-J&J/

55

100

s

89 M

16 M
16 M

15

Farm Ln

98
65

•

14
31

M&S

6s extended 1938Deutsche Rentenbank—

102"

72

/

M&S

Canadian Canners Ltd 4s'51M&N

_

Anglo-Chilean Cons Nitrate—
Sink fund income deb 1967 J&J
Animal Trap 6Ms 1940—-.

.100

6% notes stamped 1935

Canadian Internat Paper—
1st M 6s 1949
—J&J

Ames-Holden Tire & Rubber—
Income 7s Jan 1 1943

55
80

98

inc 5s 1957--Ann April
...

50

70

cum

Deep Roekuil 7s iu;-i7
v>
Detroit Har Term 1st 6s '50-M&S
Detroit Times deb 6s to '43.M&S
Deutsche Bank (Berlin)

48

50

MsserA'61 M&N

90

1st

75

32

35

F&.*

96

88 M
35

J&D

50

_

f deb 2M-5s 1950—J&J
Am Wire Fabrics 1st 7s '42—M&S
Conf

62

'41-J&J

45

90

1946

Davidson Chem 6Ms 1937.-A&O
De Bardeleben Coal Corp—

31M
43 M

A&O

43

Davidson Biscuit 5 Mc A '45 A&O

58

96

100

97

119M

American

99

5s
1940
A&O
Danish Prod L'n Fund 5s *40. J&J

35

M

89 M

Dow Chem Co neb 3s 1951—J&D
Driver Harris Oo 6s 1942—J&D

107 M

A&O

Debenture 6s 1944

Can Cement 1st 4

1944

Davidson-Boutell 5s

30

Burns & Co Ltd 1st s f 5s 1958

Camaguey Sugar 7s 1942
Certificates of deposit
Campbell River Timb 6s

5s

Dairyland Inc lsts f 5s 1946-M&8

Canadian

94

Amer La France &

notes

M&N

80

61

Amer I G Chem Corp—

5M%

95

76

Canada Bread 6s 1941

1949

95

J&J
Income 5s 1958
Ann, Apr
Bush Term 1st 4s 1952
A&O
Cons g 5s Jan 1955—
J&J
Bush Term Bldg 1st 5s '60--A&O
Butterlck Co 6% notes '39—A&O
Byers Machine 3-6s
—
Byrndum Corp3-yr notes Jan 15 *39
Calif Cooperative Creamery—
1st s f 6s 1948
A&O
Deb s f guar 1943
A&O
Calif Cotton Mills 1st 6s *40. J&J
Calif Group Corp 5 Ms 1956 M&N

90

Amer Ice Co deb 5s 1953

Conv 5Ms

61

Cudahy Packing 3Ms A '55.M&S
Conv s f deb 4s 1950
_M&S
Cumberland Ry & Coal

107,
94

California Packing Corp—
Cons deb 5s 1940

104 M
102 M

57

40

81

104 M
101

J&D

_

105M

104

Cuban Tobacco

117

_

103 M

Crucible Steel Co deb 5s '40. M&N

s f extl 6s 1940
J&J
Burns Bros deb 5s A 1961—M&S

106 %

76

Inc^-

41

36

83
83
105

47

73

'48

42

79

88

96

45

w

41

80

26 M

F&A
Colortype 6s 1942
F&.v
Qept St's (Pa) 6s '48.-J&D
Dept St's (Del) 6s '47.J&D

New 3-6s 1943

Amer

23

74

78

94

w

15-yr4s sfNovl 1950--M&N
Crown Willamet Pap 6s '51.-J&J

76

38
30

47
7
103 M

39

15-yr

35
35

6M
102 M

1951.J&D

Crown Cork & Seal Co

100 M

J&J

32

101M

44

Q-F

Credit Service deb 6s

90

92

lit series B 1948
59

102 M
92 M

Sinking fund deb 5s 1946-F&A

'45-M&N

Bryant Paper 6s A 1942

52

82

100

Creameries of America—

103""

Budd (E G) Mfg 6s ext 1941-F&A
Burmeister & Wain (Copenhagen)

25

Ask

101

Crowley Milner 5 Ms 1946.-M&N

1950-.-F&A

Bruck Silk M Ltd 6 Ms

80

20

Amer

4M

42

Pulp & Paper—

British Columbia

Brown Shoe Co 3Ms

/

Algoma Steel 1st 5s 1962
A&O
Allied Mtg inc coll 2-5s 1953.J&D
Allied St's Corp deb 4 Ms '50- A&O
Debenture 4Ms 1951
F&A
Allis-Chalmers s f deb 4s '52.M&S
Alpine Montan Steel Corp—

Amer

1945--M&S

Britisn Am oil deb 4s

s

Crane Co 3M» R f deb

48
102

77

1953-J&D /
J&D /

6s 1955
Alberta Pacific Grain 6s 1946 J&J

•

Bowser (S F) 7s 1944.-----M&N
Brandram-Henderson 6s 56-J&D

90

94

1st M coll tr 6s 1948A&O
68 assented w w 1948—A&O

s

~4M

4

M&N
----M&N
Brown Coal Indus 6 Ms 53—A&O
Brown Co 1st 5Ms 1946
A'vO
1st 5Ms 1950 ser B
M&S

Albany Perf Wrapping Corp—

1st

90 M

4

Gen sf 7s 1950-

102 X

Akron Times-Press 1st 6s '45
Alabama

101M

Botany Cons Mills 6Ms 34.A&O
Certificates of deposit...
.

Bid

f

4Ms 1946-J&J
Coplay Cement Mfg bs '41-.A&U
Copley Press 5Ms 1943... F&A
Cosden Petroleum conv 5s *47 J&J
Cosgrove Meehan Coal 6 Ms 1945.

95

89 M

1st 6s 1950-.-

4^1 Ms
5-5 Ms

Ex scrip
Aeolian Co 6s 1944

--A.&U

Cont'l Steel deb

103
94 M

4 Ms to 1941

Boston Wharf 1st 4s 1941.

J&D / 40 M
1st M 5s 1953 ser A
Certificates of deposit
/ 42
101
Acadia Sugar Ref 4Ms 1955-A&0

Bonds

Ask

J&J
3Ms series E 1906--------A&O
15-yr sf conv 3 Ms debs 52 A&O

Beth Steel Corp

Abbotts Dairies deb 6s 1942-M&S
Abitibi Power & Paper—

Bid

Bonds

Ask

Called July 1 at 101M.

5 Basis.

..

82

/ This price includes accrued Interest,

k Last sale,

n

Nominal,

r

Canadian price.

82

INDUSTRIAL

&

BONDS

MISCELLANEOUS

NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds
Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue

Bonds

Bid

Ask

100

3s 1940. J&J
3% notes 1941-1942
.J&J

Gen Amer Transport

101K

100k

General Bronze deb 6s '40--M&N
General Cable Corp—

63

66"

1st mtge s f 5%s 1947ser A_ J&J
Gen Elcc (Germany) 7s '45.J&J15

97

Bonds

46 %
46 %
M&N * 46 %
92
Gen Finance conv deb 5s 51-J&D
Gen Motors Acceptance Corp—
104 k
10-year deb 3s 1946
F&A
102 %
15-vear deb3%« 1951--..F&A
Gen Plastics 1st s f 5s 1948--A&O
Gen Kayou deb 6s 1948 w
/ 73"
Gen St 1 Cast 1st 5%8 *49 w w.J&J
35
Gen Steel Wares—
91
4Ks ser A 1952
A&O
Gen Iheat Eq deb 6s 1940.A&o
13 k
Gen Vending 6s 1937-.-..—F&A
10
Certificates of

49k

104 %
103

1942

German Atlantic Cable 7s 1945.. /
German Bldg & L'd Bk 6Ks 1948 f

Jones Cold Storage 4-5s
/
tones & JLaughlin Steel—
1st mtge 4 Ks ser A 1961._M&8
Journal of Oomm 6Ks '47..-J&J
Kansas Pipe Line & Gas—
1st 5s series A w w 1952
Karstadt (Rudolph) Inc—

68

68

79

1st 6s

1940-1949
Keystone Steel & Wire—

70 "

105%

99%

3 KB coll trust notes

•

95

18%
94%

19%

86

87 k

52

55"

85%

87

90 %
18

98

80

98

55

90 k

95k

100 K
99

Hansa

Hart Coal inc 6s 1945

18

20

90

93

Le

1st & ref 5s 1954

85

88

7

8%

90

92

87

90

91

70
67
58
51
60

62

29

100%
100%

99 %

100

98 %

99

T

93 %

22
102

25%

73

77

15

22

13

15

Certificates of deposit

8%

84 k

87

107
77 k

98

102 %

5

14

5%
14%
5%
14%

38

41

87
87

88 %
88 %

79%

81K

14
5

„

.1st & ref s f 5s 1947 ser A..J&J

1st & ref

s

f 5s

ser

B 1947—J&J

Ref mtge 6s 1955 ser A —M&S
Internat Pow & Pap of Nfld—
1st M 5s 1968
J&J

Called

Oct.




1

at

103.

ist coll mtge

§4k
50
95

6 Basis.

93
52 k

74
New Eng Laundries 6s *36--A&O
40
4-5s 1956
J&J f
60
New Niquero Sug 3 Ks 1940.
42
_J&J
Newport Industries 5s 1947
76
N V Dock Co—1st g 4s '51-F&A
51 h
Serial 5% notes 1938. —..A&O
100 y4

51%

NYLE& WC&RR—
1st 6s ext 5 K % 1942
N Y L E & W Dock &

.

...

M&N /

Extended at 5% to 1943 —_J&J
f
Shipbuilding 1st 5s '46-M&N
New York Trap Rock
Corp—
1st mtge 8 f 6s 1946
-J&D

....

80

6s stamped 1946j
J&D
£a£ric ?®.b 2d mtge 7s 1946 J&D
N Y

61)
613

94

Nivelle

_

22
92

World's Fair 1939—
1941-

129%
123%

128%
i23%

'

—

—

100"
100%
39

M&S /

93

Equip trust 4%s Aug 1 *38-'466.50
Equip trust 4 Ks Nov 25 '38-'43
6.50
Equipt tr 4Ks 1938-47 J&D15 b 6^50
Equip trust 5 Ks Sept 1 '38-'44- b 6.50
"
North Amer Cement
CorpDeb 6Ks A with

107

39

F&A
McCormicks, Ltd, 4s 1952.—J&J
McCrory Stores Corp—
5s s f deb 1951
M&N

46

North Amer Car—

57

/
M&N
Refrig 5 Ks 1941-J&J
Mansfield Min & Smelting—
7s without warrants 1941-M&N f
Maple Leaf Milling—
2%sto 1938. 5 Ks to 1949. J&D
Marine Elev (Buff) ext 5s '52M&S
Marion St'm Shovel 6s *47—A&O
Massey-Harris Co 5s 1947—A&O
McCloud River Lumb 5s '48 J&J

56

.J&J

Corp 4s 1952—
M&N
Nordberg Mfg Co 1st 6s 1943M&S

•104

103%

35

"

warr'fo. M&S
1943
M&S
Income 6Ks 1953
M&S
Nor Amer Refract 6Ks 1944-J&J
North German Lloyd—
6Ks

20-yr

39

128%
120
54

30
10

25

69

71

f 6s 1947

s

M&N

New4% 1947
M&Ni
North Western Refrigerator Line!
Equip trust 4s ser I Jan 1 '39-'43 6
Equip tr 4s ser J 1946
J&D b
Eq tr 3Ks ser K 1938-48--A&O
Northern Elec & Nor Pap
lst 4s 1940-47—,—
1st mtge 5s to 1948
Debenture 6s 1943

M&N

80

98

16

98 k

5Ks without

100

warr

1945.F&A

70

Norwestern Term Co 5s '48. J&D
Nova Scotia S & C 5s 1959.-J&J
6s perpetual stock
.T&J

81

103 %

O'Connor Moffat deb 6s '38 F&A

104 k

65
79

103

102%

16

50
99
61

4.75
4.75
4.65
88

1st mtge s f 5 Ks w w 1945.F&A

52
10
70
97

70
70

M&N

M&N
Northern Redwood Lumber—
6s 1937
J&D
N'west Pub's Deb 4K« 1948. J&J
Northwestern Barb Wire Co—

25%

99%

CGara Coal 5s '55 op aft'08 M&S
Ohio Leather conv deb 5s '46-J&J
Okonite Co 6s stmp 1942—J&D
Old Ben Coal Corp 6s
(w s) 1948 f
Inc deb 7Ks (w s)
„

—

Aug 1 1953. /

99%
95%
92%
78%

65

Oregon-Am Lumber 6s 1942-A&O "
Oregon Pulp & Paper 6Ks to
Apr 30 '37, 6% to 1945—M&N
Oreg Terminals inc 5s 1945—A&O /
Orono Pulp & Paper 6s 1943-J&J
/
Osgood Co deb g 6s 1943
J&D
O'Sullivan Rubber 5 Ks '47--A&O
Oswego FallcCorp 4 Ks 1952.M&S
Without warrants..

96

92

_

—

-

60

55

30

86

70%
20

11*
34
65
6
92

97%
20

63

193
91

36
20

60

80

85

Otis Steel s f 4Ko A 1962---J&J
Oxford Maimi Piper 6s 1947-F&A
Pacific Atlantic SS 2-5s '43-M&N
Pac Coast Cement 6s A 1942. J& D
Pacific Coast Co 5s 1946
J&D
Palmer Corp of La 1st 68 *48. J&D

67
70
34
57
45

99%

Pan-Amer Industrial 7s '37.M&S /
82
■

25
28
28
28
11

10
102

Pan Amer Petrol Co (of
1st conv s f 6s 1940

Calif)—
J&D15 /
Certificates of deposit
/
Pan Amer Petroleum & Transpt—
7-yr div notes 3Ks 1943.-J&D
7-yr div notes 3Ks 1944.-J&D
Panhandle Eastern Pipe Line—
1st mtge & lien 4s 1952—.M&S
Paramount Pictures 6s
Conv deb 3%s 1947
Parmelee
S f

1955-J&J

M&S

22
22

95
95

100%
903
713

Transportation Co—

conv

deb 6s 1944

A&O

36

Paton Mfg Ltd 1st 4kb '56.M&S

109"

98

Peabody Coal Co

2l"
/ This price Includes accrued interest,

107%

86"

35

1931

f 4s 1965— -J&D

conv deb 6s w w '42F&A
Nat Union Mtge 3-6s A '54. _J&J
2-5s series B 1954.
.J&J

28%
22%
22%

II*
\\H

f 4s Feb 1 1957

notes

17

17
14

N Y

A&O

Minn Valley Canning 6s *41..J&J

85

Impt—

75

—

6%

s

95k

Certificates of deposit

86"

50

F&A
35
Loiillard (P) Co g 7s 1944—A&O
128
5s. 1951.
F&A
118
Lukens Steel 5s extend 1955 M&N
52
Manati Sugar 1st 7Ks '42.-A&O /
30
Oeitifirates of deposit

5-yr
101 %

1st 4Ks 1968
J&J
100
Internat Salt g 5s 1951 opt.-A&O
108
Interstate Deb Con) 2-5s Jan 1 *55
34
Interstate Zinc & Lead deb 7s '32 /
*

99

76
82

20-yr conv deb 5Ks 1950-M&N
99%
Mead (Tha) Corp—
1st M 6s 1945 with wa»T—M&N
99
6s without warr 1945
M&N
95%
Memphis Commercial—
Appeal 4kb 1952
M&S
90
Mengel Co conv 4Ks 1947--M&S
74
Mercantile Stores deb 5s 1947 J&J
75
Merchants Distilling Corp—
5% conv deb 1947
.M&S
55
Mersey Paper Ltd 5s 1957—J&D
93
Gen s f 6s ser A 1949
M&S
90
Messenger Corp deb 4 Ks '51 J&J
80
Messer Oil 1st & ref 6s 1942—J&J
87
Metropolitan Ice 7s 1954 —J&J
54
Metropol Persons Loan 7s w-s '5750
Miag Mill Mach'y 7s 1956-J&D,
/ 25%
Mich Tann & Extract 6Ks'38M&S /
99
Middle States Petrol 6%s 1945,.
76
Miller & Hart Inc. deb 6s '43.J&J
55
Miller & Lux Inc 1st M 6s '45A&0 / 119
7% gold notes 1935
A&O / 117%
Minnesota & Ontario Paper Co—
1st 6s series A 1935
A&O /
23
1st 6s series A 1945-.....A&0 /
27
1st 6s series B 1948
J&J /
27
1st 6s series C 1950M&N / 27

67

/

30

McKesson & Robbins inc—

80

International Match Corp—

Internat Mercantile Marine—
1st M coll trust 6s 1941—A&O
International Paper—

28

57

106%

16

103

.

98

56

106 %

Deb s f 5s 1947
M&N /
Certificates of deposit
f
Conv deb 5s 1941.
J&J15/

94 k

A '42-J&J

14

70

M&N

f 5s 1942

XT

Natl Tool
31
93 k
102

McColl Fron'nac Oil 6s 1949. A&O

f 4s 1947-—. A&O
s

88 K
48

6s series C 1946

s

14
99 k

60'

86%

McCord Rad & Mfg—
Deb 6s 1943 with warr

Intcrnat Agricultural Corp—
1st & coll tr

sei

18k

Creosoting—

Deb 4s

11

1st & ref 6s Jan 1949 A—A&O
51
6s 1949 series B
J&J
51
Ice Service 1st 6Ks 1939
85
J&D
Illinois Steel deb 4%s 1940--A&O
106 %
Ilseder Steel mtge 6s 1948
F&A / 28
Independent Brewing 6s '55.J&J
109
Indiana Ice & Fuel 6%s *47_M&N
55
Ind Limestone inc 6s 1952--M&N

s

79

Nat Food Products 6s '44—M&N
Coll conv 6s w s ser A

46

Manhattan

..J&J

Conv deb

105

Cum income deb 5s
1946..M&S
National Steel Corp—

33

^

1st

26

25

Industrial Acceptance 4s 1952 J&J
Inland St'l 3 Ms ser D 1961—F&A
Interlake Iron Corp—

4Mdy 1 '45-M&N

85

F&A

1943

75k
42

IstSKs 1938-48
A&O
Nat Oil Prod deb 4s
1952..-J&D
Nat Radiator 6%s 1947
F&A
Certificates of denosit.

Lincoln-Boyle Ice 6s 1947--. A&O
70
Lindsay Nunn Pub 6s 1944—M&S
88
Lion Oil 4 Ks 1952
A&O
97
Liquid Carbonic conv 4s '47. J&D
105%
Loew's Inc deb s f 3 Ks 1946-F&A
99%
Logan County Coal 7s 1942-M&N /
18
6s series B

20
74

Nat Industrial Loan 7s
1957
National Lumber &

112

29

J&J
Libby McNeil &Libb 5s '42.A&0
Liberty Baking 6%s 1944.—M&S
Liggett & Myers g 7s 1944..A&O

Long Bell Lumb 6s

99k

101%

M&N

1.9"yr

98

109

1947

Gold bonds 5s 1951

99

1st M conv 5Ks A 1946.M&N
Cum conv inc 5s 1952—M&N

xr

Foundation—
conv

99%

National Fire Proofing Co—

XT

Tourneau

4s coll trust

1%

(Central Funding series

28K

Leipzig Trade Fair 7s 1953-M&N f

of Texas—

f 6s 1942

33

'44 M&N
Natl Grocers Ltd 4s 1947—A&O
Nat Gypsum s f 6s 1943.
A\< >
4 Ks s f debs 1950
M&N

100%

93

F&A
F&A

1st & ref 5s 1964

25 %

Hudson Coal 1st 5s 1962 A.. J&D
Hud Riv Day Line—

s

102%

99%

1st & ref 5s 1974
F&A
Secured 6s class A ext 1943_ J&J
Leonard Tietz—See Tietz

Prior lien

24

102 K

J&D /

82

90

18

65"

22

5Ks 1942
A&O
Layne & Bowler 3-6Ks Dec 1947Lehigh C & Nav fund 4s '48 J&J
Cons s f g 4Ks 1954- ——J&J
Cons 8 f 4 Ks 1954 ser C__J&J
Lehigh Valley Coal—
1st & ref 5s 1944
F&A

80

Indianapolis Motor Speedway—
1st extended 6Ks 1946—F&A

99 k

60

g

A&O /
Harpen Mining Corp—
6s with warr for Am shs—J&J /
Harris-Seybold-Potter—
Conv s f deb 5s 1951
A&O

Hungarian Central Mutual
Credit Mfg 7s 1937
J&J
Hungarian Disc & Exch Bank—
35-yrsf 7s 1963
J&J /
Hungarian-Italian Bank Ltd—
Sinking fund 7Ks 1963—A&O
Hygrade Food Products Corp—

97"

98

Nitrate Co—

mtge income 1975

Deb

J&.i
A&O

100

Debenture 5s 1961
An Apr
Lake Superior Corporation—
1st & coll tr gold 5s 1944.-J&D
Lane Bryant Inc deb6s*40wwM&N
Langendorf Un Bak 6 Ks *41 M&N
1st

65

98

1947.F&A

54

Nat Dairy Prod 3 %s w w'5i IVi&n
Natl Debenture Corp 3-6s 1953—
National Distillers Products—

98

Lawrence Portland Cement Co—

79k

2d mtge Inc 6s Feb 1956

87

84
62

Natl Consol Bond Corp 2-5s 1953.
Nat Container deb 5Ks '52-A&O

100

La France Textile 1st 6s '42-J&D
Lake Erie Bolt & Nut—
5-6s April 1 1946
U
J&J

Lautaro

99

10-yr sec 8 f 5%s 1940-—M&N

52

ser

J&D
J&P

Deb 6Ks Jan. 1 1937
Certificates of deposit
Nassau (Ger) Landbank 6

35

104

Lake St John Power & Paper—
1st 5Ks 1961
J&J

6

97%

J&D
J&D

Ks 193c
Nat 1 Acme 4 Ks ext to *46.-J&D
Vat'l Baking 6s ser A 1941 M&N
Nat Bondholders partic ctfs

'

75

5s uniform ctfs of dep 1959
Lackawanna Steel os 1950. .M&S

93

93

64"

1 1941
2 1946

3 1951
4 1956

ser

Secured 6s 1937.

Kreuger & Toll—

69

32

80
85

ser

„

81

104%

M&F

ser

75

2% notes 1938
M&N
3% notes 1939-1941
M&N
4% notes 1942-1945
M&N
Kings Co Refrig 6s 1942
A&O
Kings port Press 6Ks 1939—F&A
Kingston Elevator 1st 6s '50 M&N
Kinney (G R) ext 5Ks 1941-J&D
Kirby Lumber 1st 4s 1947-J&J 16
Koehring Co (Milw) 3-5s '45-J&J
Koholyt Corp 6Ks 1943
M&S
Koppers Co 4s 1951—
M&N
Kresge Foundation—
10-year coll tr 4s 1945
J&J

57

1947

x-w

Coll D 5s
90

M&N

6s

sec

92

103
101

Munising Pap 6s A &B 1943.A&0
Munson
Steamship Line—

87

85%

30

Ry

i

Coll A 5s
Coll B 5s
GjII C 5s

25

Kentucky Rock Asphalt—
3%-6%s 1945
J&D
Kentucky Securities coll fis 1940.
Keokee Cons Coke 5s 1959--J&J
Keyes Fibre 1st 6s *38-'39 M&N

&

51

73

Mtge Bond Co (Md) 2-5s Dec 1 '53
Mortbon Corp—-

19k

88

Hatfield-Campbell Creek Coal—
1st 6Ks 1948
M&S
Hawley Pulp & Paper Co— k
1st 6s s f 1946
JKT&J f
Haytian Corp inc 8s Oct 1938-- —
Hearst Publica 6 %s to 1947.M&N
Heller (Walter E) 4s ww '46.A&0
Helvetia Coal Mln 1st 5s'5S.A&0
Heywood-Wakhfield 5s 1946 J&D
Hightstown Rug 6Ks w w 1944—
Hines Land & Timber 6s *48--J&J
Hoe (R) & Co 5-7s 1944 ws..A&O
4%-6Ks 1st mtge 1944—A&O
Holland-Amer Line 6s '47—M&N
Holly Sugar Corp 2s 1939—A&O
1st 2Ks 1940
A&O
1st 3 Ks 1941
A&O
1st 3 Ms 1942
A&O
1st 4s 1947
A&O
Home Serv Corp 6s 1957
A&O
Home Service (Portland, Ore)—
1st coll 3-5s 1950
A&O f
Housing & Realty improv—
7s 1946
—M&N /

Morris Plan

92
45

23%

90%

55

J&J

6s with warr (par $925) 1943—
Keith (B F) Corp 6s 1946—M&S
Kelsey Hayes Wh*l 1st 6s '48-J&J
15-yr conv deb 6s 1948J&J

Ind

98 k

Monroe Coal Mining 6s '47.-F&A
Montreal Cotton deb 5s '43-M&N
Morgan Engng 8s 1941...M&N

94

17

22
67%

•

Monon Coal—See Chic

....

37

__

S f 1st mtge 6s 1946

102

90

23

63

Gould Manufacturing 6s '42.A&0
Graham Paige Co 1st 6s *43-F&A
Granby Consol Mln & 8m 5s 1942
Grand Rapids Operating Corp—
6s extended 1942
J&J
Grand Trunk Ry Term
6 Cold Stor 1st 6%s 1952.A&O /
Graton & Knight 4%s *51--J&D
Great Lakes Paper Co Ltd—
1st ■ f 5s 1955
--A&O /
Grigsby-Grunow conv 6s 36 M&S /
Groc St's I'rod conv 6s 1945-J&D
Gulf States Steel 4Kb 1961-A&0
Gypsum Lime & Alabast—
6Ks 1948
.--..M&S
Hele & Kilburn Corp 6s 39—J&D
Hall (F W) Printing Co—

Steamship Lines—
10-yr 6s 1939 w w

J&J

1st 6s 1943 with Am shs—M&N
Ctfs of dep w w stpd 1943

15

M&S

1947—M&N
Hamilton By-Prod Coke Ovens—
1st s f 5s ser A 1955
M&N
Gen sinking fund 6s 1956—A&O
Hamilton Mfg 5s w w 1951—M&S

-

„

53
A 1941.M&S
Godchaux Sug 1st s f 5s '47-M&N
103%
Good Hope St & Ir Wks (Germ'y)
S f g 7s Oct 15 1945—A&015 /
28%
Goodrich (B F) Deb g 6 1945 J&D
92
92
1st mtge 4%s 1956
J&D
Goodyear Tire & Rubber—
1st mtge coll tr 5s 1957--M&N
105%
Gordon Baking Co (Mich)—
5s series B 1945-50
J&D
96

1st & coll 6s stmp

f 5s 1950-

6s stamped (par $925) 1943

93

Gobel (Adolf) Inc—
Conv deb 4%s ser

-o

Mohawk Rubber ext 6s 1948 A&O

Molybdenum Corp of America—
6s 1942
j&D

78

45

Glen Alden Coal M s f 4s '65 M&S
Globe Industrial Loan 6s 1955 J&J
Globe Wernicke 6s Oct 1 '44-J&J

Houston Oil(

69

38%

75

.

s

Bid

Missionary Sisters (Waukegan,
111) 1st ref 3K-4s 1951—A&O

89

66

.J&D

Indiana Co 1 st

100 k

10

deposit

Gotham Silk Hosiery—
5 f deb 5s w w 1946

notes

....

49"

Deb sf 6s 1948

Georgia Marble 1st 6s 1950.M&N

Bonds

Ask

65

leilerson & Clearfield Coal & Iron

/
-J&D /

1940--.

6%s

J&D

Jacobs (PL) 5^% dividend

98

Deb

Bid

■sott.a Fraschini 7s 1942

1st

k Last sale;

n

Nominal.

s r

59 1953

ser

(Consol Co)—
A

M&N

77

83

INDUSTRIAL & MISCELLANEOUS BONDS

JUNH, 1938]

NOTICE—All bond prices are "end Interest" except where marked "f" and income and defaulted bonds
Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue

Bid

Bonds

toneca

38

83 %

84

w w

103 %

...M&S

1943-

26

29

M&S

10
105

J 06

6% notes w w 1938
Phelps Dodge 3 Ms 1952

J&D

11

Phila & Read C & I 5s 1973--J&J
Onnv deb 6s 1949
.M&S

12%
98 M

f 6s 1946.M&N

98%

s

il*

Phoenix Silk Mfg 7s

1943—F&A /
Pickering Lumber 6s A *40.-M&N

23
3
108 M

Pierce Butler & Pierce 6 Ms '42

Pillsbury Flour MHIh 6b 1943 A&O
Pine Hill Collieries 1st 6s '42 A&O /
Piredi Co of Italy con 7s *52 M&N
Plttsb Brewing os Feb 4 '49.. J&J
Pittsburgh Coal Co.—
Sinking fund deb 6s 1949-F&A
Pittsburgh Coke & Iron Co-—
lot mtgeconv 4 He 1952...M&S
Pitts Crucible Steel 5s to '45.M&S
Pitts Steel s f 6s 1948
F&A
Pocahontas Consol Collieries—
1st gold 5s 1957 op
J&J
Poor & Co s f deb 481946..-A&O
Portld Woolen Mills 6 Ms'41 M&N

10

30
100

94

44"

72

75
77

35
77

84%

98

100
91

94

80

83

82
21

100
59 M
90 M

60%
93

37

66"

69%

90
104

108

24

28

44
92

conv

6s 1946.F&A

76

_

-

A&O

60

Southern Kraft Corp-1st leasehold 4%s 1946—J&D

90M

37%

40

Dairy Products—
6Ms w w 1938
M&N /
Conv income 5s 1944——- f
So'western Devel't 4s 1943--J&J

96
96

83 M

82%
105%
95%

s

1940
J&J
f 1947—J&D

Stinnes (Hugo) Corp—
7s unstamped 194o
4s ctfs of deposit 1946-

91

-

A&O /
A&O /
A&O

103'

88

28 M

30

53

J&J /

1936—J&J f

51M

100

1st 7s 1942 ctfs of

dep
Sugar Pine Lumber Co—

100%

72.

53%
l

M&S f

54

50
80

85"

3

M&N

107%

108%

100

22%
21%
102

101
92
26

103%

&3.00
101

101%

103

14%
64%
104%

101

102

42

45

VkH
60

74

77

22%
22%

23%
23%
27%

25

Jk*

8

52

54

15
15

70
108

111%

72
108

100
54

43%

27
90

85

85""
29%
6%

"6""
18

27%

95

105

70

63%
73

64%

12"
33

97
82
2

78

103 J
75

35%

/
A 1930—.—J&J /

Secured 6s 1945
M&S
Wilcox Oil & Gas 6s 1945
J&J
Wilson & Co 4s ser A 1955..-J&J
Conv debs 3%s 1947
A&O

12%

12
15

12%

94
94

%I^
85

16
99
97

99%

100
75
Wise Lime & Cement 6s *38- A&O /
Wither bee Sherman Toe 6s 1944
/ 38
Extend income 6s 1963
M&N / 37
Wood (xVlan) Ir & St 6s 1944-A&0
102%

86%

—M&S

Woodland Farm Dairy—
6 Ms w w 1944

99

100

4 Ms series A 1952
—J&J
Woodward Iron 1st lien 5s *62J&J
2d conv inc 5s 1962—Ann Apr
Woodward & Tiernan Print—

80
105%
3

59
96

40

39%

90

Conv 68 3d stpd 1944
F&A
Certificates of deposit...
Conv 6s 4th stamp 1950—F&A
Unified Deben Oorp5s 1955

28

28
33%

Mfg Co Ltd

J&J
A&O
J&D
Youngstown Sheet & Tube—
1st M s f 4s ser C 1961
M&N

6s 1942
York Ice Mach 6s 1947
Debenture 6s 1943
-

29

EXCHANGE

N Y Stock Exch—1,375
N Y Cotton Exch..
450
N Y Cof & Sug Ex.
344

50

94"
33
33

§4*
32

100

N Y Curb Exch—
Baltimore Stk Exch

550
76
Boston Stock Exch.
139
Chicago Bd of Tr. -1,549
Chicago Stock Exch
366
Cleveland Stk Exch
41
Detroit Stock Exch
65

8,500
3,000
9,500
900
3,100
3,000

1,800
2,500
500

Ft Worth Gr & Cot

66

523
19

1,600
1,000
46,000
1,100
100
800
1,000
1,100

107

United Biscuit deb 5s *50
A&O
United Cigar-Whelan Stores—
S f 5s Oct 1 1952
A&O

Minn-St P Stk Ex.

109
22

Montreal Stock Ex.
New Orl Cotton Ex
New Orl Stock Ex.
Phila Stock Exch-.
Pittsb Stock Exch.

60

96%
106 %

98

106%
74

73
85
85
69%

United Corps Ltd inc 5s 1953 F&A
United Elec Coal Cos inc 7s 1946United Drugs 58 1953
-M&S15
United Grain Growers Ltd—
5s series A 1948.—
J&J
.

5Ms series B 1949

M&N
United Industrial 1st 6s 1945-J&D f
Deb 6 Ms 1941
M&N If
United Merch & Mfrs 6« 1945 J&DI

St Louis Exchange.
Salt Lake Stock Ex.

92

75

99%

99%

88",200

$9,000
3,400

800

1,265

2,000
2,800
1,400
2,500

3,500
3,200
3,500
5,000

1,400

1,900

San Fran Stock Ex.
Seattle Stock Exch 1

t/80
500

70
200
115

900

1,100

45
49
69

150

150

100

200

1,000

'Boo

900

1,200

500

88

18,000

71

85
83%

33

250

250

Seattle Curb & M j
Toronto Stock Exch

113

85,000

65,000

Washington Stk Ex
Winnipeg Gr Exch.

89

40
463

500
6,100

_

5,000

6~O55

27

25%
25%

27 H

65

Nominal,
80 seats. 70 members.

ijmi

90

5,000
1,300

118

18%

85

350

213
81
174

117%

J&J

96

79%

$61,000

Kan City (Bd of Tr)
Los Ang Stock Exch
Milw Grain & Stk-

101

Union Rock 1st6ss f 1947..M&S/
Union Term Coal Stor 6s '39.F&A
United Amusement Corp—
1st sf 5s ser A 1956
F&A

77%

SEATS

Minn Ch of Comm.

30

97
102

No. Last SnU

27

&Warehouse—

1st 2M-4MS ser A 1942
J&J
1st 5s 1943-1951
J&J
Union Oil Co of California—
6s May 1 1942 ser A
F&A

96
93
100

105"

Ulen & Co—

y

100%

98
97

4%s conv deb 1947
F&A * 104%
Tomahawk Kraft Paper—
1st 5s (with stk) 1951
A&O
47
Trask Timber 1st 3s 1944—J&D /
35
Turner Glass Go 1st 6s 1939-J&D
91

h Basis
It
/This price Includes accrued interest
Called Sept. 1 at 100 plus face value of scrip ctfs.

88

12

85

68

1951-.J&J

15-yr 3 %s deb 1952

QS5^

J&D

35
Texas Corp deb 3 %s 1951—J&D
105%
Texas Sugar Ref 1st 6s *44.-F&A f
1%
Thermoid Co 5s w w 1951—J&D
57
Three Rivers Grain & Elevator—
1st s f 5 Ms ser A 1951
M&S
92
Ticonderoga Pulp & Paper 6s 1940
102 %
Tide Water Assoc Oil 3 %a '52 & J
103 %
Tietz (Leonard) 7 Ms x-w '46-J&J f
25%
Tilden Lumb & Mills 6 %s'46M&S /
20
Tokheim Oil Tank & Pump—

Union Compress

ser

87%

1st 3s to 1941
...J&J
3 Ms series A 1942-1945—J&J
4s series A 1946-1947..—-J&J

Conv deb 6s 1944 ser B
M&S
Tenn Prod 1st 6 Ms 1936
J&J /
Term Warehouse 2d 5s '42_-J&J

2%
23%
23%

48

109

120

21

1M
21%
21%

Certificates of deposit.

Woods

Coal

104

87%
101

93

71
122

92

Copper & Chemical—

93
21

33"

Winslow Bros & Smith—

3

Taggart Bros Co 6s 1944
J&D
Taylor-Warton Iron & Steel—
Coll lnc 7 %s July 1 1958-A&O
Tenn

102 M

33

15

—

5Ms 1943

96

70

White Sewing Machine—
Deb 6s 1940
-M&N
Wickw Spencer Steel 7s '35- -J&J

5-year 7s

J&D f

Swift & Co 3%s 1950—

lstMsf4Msser A 1966—F&A
Whitaker Paper 7s 1942
M&N

Certificates of deposit
/
Pr lien & coll 7s Jan 1935.M&N

67

26 M

103
96 M
68

'50.J&J /

4%
/
Pgh Coal 6s 1947
103%
Pulp & Paper 4 Ms *52 J&D
65
West Chain Stores 6s ww*39 M&N
Western Fuel Corp 7-4s '50-M&N
Western Newspaper Union—
35
Conv deb 6s 1944
F&A
46
Western Steel Prod 6s A '48.M&N
W Va

-

50
95

Studebaker Corp 6s 1945
J&J f
stutz Motor Car 7 Ms 1937--A&O /

Sink fund deb 5s 1938

42%

80
M&N
1
M&S /
70
Webster C&O 1st g 5s '42 op M&S
West Disinfecting 6s 1940--J&J
100%
90
West Indies Sugar 6s 1947--A&O

Debenture 4 Ms 1945——J&D
Wheeling Steel Corp—

47'

70
58

1st M serial 6s 1932-1942-M&S /

40
26

51

Conv deb 4 %sl952
Wayne Coal Co 6s 1937

W Va Coal & Coke 1st 6s

Clothier—

5s

105%
102

West Va

65

f 5s 1948--—M&S
Struthers Wells Titusville—
1st mtges f5%s ww 1949-A&O

RR

105»32
100

92

49

w*

68"

45 1

s

&

111

106%

SMsseries A 1951
.....J&D / 32%
6Ms series 01951
J&D/ 32%
6 Ms series A 1947........J&J
32%
United Stockyards Corp—
87
96 M
15-yr coll tr 4 %s A ww *51 A&O
100
100 M United Wall Paper Fac 6s 1947-.
43
Universal Sewer Pipe 6s 1938. J&J
Utilities Elkhorn Coal 6s 1948 J&J
86
103 M Valvoline Oil ext 5s 1947—M&N
Vanadium Corp of Amer—r
Conv deb 5s 1941
—A&O
84%
90
Van Camp's Inc 1st 6s 1943..J&J
107 M Van Dorn Iron Wks 7s June 11942
Vert.ientes Sugar 1st 7s 1942. J&D
28%
Certificates of deposit
77
Viau Biscuit Corp 6 Ms '46..J&J
J&J
99M Vicana Sugar Co 6s 1P55
Victor Amer Fuel 6s I940-—F&.A
Victor Fuel 1st s f g 5s 1953—J&J
26%
Va Iron Coal & Coke 5s '49.M&S
42%
Vulcanite Portland Cement—
98
1st 7 Ms 1943
M&N
94
Wabasso Cot'n 3 M-4%s '51 F&A
65
Walker (Hiram)-G & W—
Deb 4%« 1945104%
J&D
92%
Waltham W'tch & Cl'k 6s *43 J&D
iOlM
30
Walton Lumber 1st 6 Ms '41 Q-Jan
46
Walworth Co 6s s f deb 1955-A&O
39
20-yr 1st mtge 4s 1955
A&O
68
Warner Bros Pict 6s 1939
M&8
63
Warner Co 1st 6s 1944.
A&O
18
Warner-Quinlan Co 6s 1939.M&S / 35
11
90M Warner Sugar Corp 7s 1939.J&J /
104% Warren Bros Co—
34
Conv s f deb 6s 1941
M&S /
5 Ms notes 1937
99"
—M&S / 32
Warren (S D) Co—
104
95
1st mtge s f 4Ms 1952
M&N

87

Superior Steel Corp 6s 1938-J&D
9usquehanna Silk Mills-

14

15

Co—

Conv deb 3 Ms 1946
M&N
U S Print & Litho 6s 1950—A&O
U S Radiator Corp—
conv deb s f 5s 1946..—.F&A
U S Rubber 5s 1947 ser A.... J&J I

87 M

Sugar Estates of Oriente—
98

U S Pipe & Foundry

92 M

25

J&J
Strange (John) Paper 6s *44—J&J
1st

98
98
10

67%
100

72

(Hugo) Industries—

7s unstamped 1936
4s ctfs of deposit
2d stamped 1940

98

U S Gold Storage (Kan City)—
1st sink fund 6s ser A 1946-F&A
1st sink fund ser B 1949..F&A
U S Finishing 6s 1944
J&J

Ask

U S Trucking Corp 5Ms'43—J&D
United Steel Works (Germany)

81"

66

Tenn

f

55

110

93
19

/
/

102

United Securities Ltd 5Ms 1952..
U S Gold 8torage(Chg)6s'45-J&J

_

2d stamped 1946.

Straw bridge &

108

89

Stevens & Thompson Pap 6s 1942 /
Stillwater Worsted MillsDeb 5 Ms A1943
F&A

Stinnes

94"

4
15

Si>ang Obalf't & Co 1st 5s '48 J&J
104
Springfield Ice 7s 1944
J&D /
5
Square D Co deb 5s A 1945—F&A
98
Staley (A E) 1st mtge 4s '46-F&A
103%
Standard Ice 1st 6s 1947—-F&A
33
Stand Oil (N J) deb 3s '61—J&I>
102%
Stand Textile Prod 6%s '42 M&S
Assented
i.— /
16
Stanley Co (Camden) 6s 40 J&D
83
Stanley Crandall 6s 1946—F&A
89
Stanly-Rowl-Clark 6s 1946.-F&A
89
Starrett Corporation—
Secured cum lnc 3-5s Apr 1950. /
27 M

25 M

107
1945.-.J&J
100
Scripps (E W) deb 5 Ms 1943 F& V
Scullin Steel 1st 6s 1941
A&O
49
1st conv 3-6s 1951
A&O f 41




----J&D

Stern Brothers 6s

24

t Correction:

98 M

1940

Steel Co of Can 6s

Stamped

July 1 at 105.

74

/

Southwest

18%
18%
31%
25%

_

107%

^

42

24

•

98
50

Southern New England Ice—1st s f 4 Ms 1967—
A&O
Southern United Ice Co—
1st 4s w s 1950—
A&O

42

Stamped (July 1933 coup on)
s f 6Ms 1946 ser B-.A&O

.

1950

Southern Ice Co—
1st & ref 8-5s 1942

44

Rueping (F) Leather 6s *40—A&O

Called May 31 at 104 M

102%

78
78

42

42

Riordon Pulp & Paper Ltd—
1st 6s June 30 1942—J&D30
River Raisin Pap 1st 6s *45.-F&A
Roberts & Oake (Chi) 6s '44.M&N
Roch & Pitts C & I 5s 1946.M&N
Rocky Mtn Fuel 5s 1943
A&O
Rolland Pap 1st 5%s A '48..J&D
Rolls Royce of Amer 7s 1937 M&S
Roman Catholic Church 6Ms J 946
Rom Oath Church Welfare 7s 1946
Ruberoid 4% 3-yr notes '40-J&D

*

95M
100
96

Smith & Wesson o Ms 1948--J&J
Socony-Vacuum Oil 3 %s '50-A&O

1st gtd 6%s
Sou Tee & Util

42

Richmond (Va) Ice 6%s '42.A&0
Rima Steel Corp 1st s r 7s *55 F&A

Schulze Baking 1st 6s *45
M&S
Scott Paper deb 3 Ms 1952—M&S

100%
70
69%
90 M
84%

Southern Advance Bag & Paper—
1st s f 6s 1947
J&D
Southern Brighton Mills—
1st gtd 7s 1940——
J&D

39*

Richfield Oil of California—
Coll tr 6s 1944 ser A
M&N
Certificates of deposit-—Conv s f 4s 1952
—M&S
RIchm'd Cedar Wks 6Ms '45 J&J
Richmond Hos Mills 7s 38.-F&A

Scovill MfgCo 5 Ms

98%

.

92%

,

-

Signal Oil & Gas—
Conv 6 Ms A 1945——-M&N
Signode Steel Strap 3%s 45.A&O
Hiiesian-Am Corp 7s 1941--.1&A
flilverw'd Dairies 5s *41 to 51 J&J
Simmons Co Conv deb 4s 52A&O
Simpsons Ltd—
1st & coll 4%s A 1951
J&J
ikelly Oil deb 4s 1951-.
J&J
Slattery Co 1st 6 Ms 45——M&N
Smith (Howard) Paper Mills Ltd
1st 4%s 1951
——J&D
Smith (L C) & Corona TypewT'rs
Deb 2%to 4 % % to 1946..-J&J

South Coast Corp—
Gen mtge inc 6s April

Remington Band lnc—
95
20 yr dpb 4 %s w w 1956
M&P
93
4 Ms without warr'ts 1956 M&S
Republic Steel Corp—
Gen mtge conv 4%s A '50.M&S
80
Gen mtge 4 Ms ser B 1961. F&A
Gen mtgefc M# ser O 1956 M&N
105
Purchase money 5%s '54.M&N
94%
Restigouche Paper Lta 6s '48F&A
Revere Copper & Brass—
97
1st mtge 4%s s f 1956—---J&J
87 M
Reynolds Met deb 3 Ms '51..J&D
32 M
Rheinelbe Union 7s 1946
J&J
28%
Rhine-Main-Danube 7s '50 M&S
5
Rhode Island Ice 6s 1948—M&N
10
5s with stock 1951
F&A
Richardson & Boynton Co
Cum income 4s 1945
J&J / 10

J&J

62

75
Ann Apr / 405
J&J
99

Deb 6s 2930
7s 1940

93

1938-M&N

Guar

101%

—---.J&J

f 6s 1947

80

92

Purity Bakeries 6s 1948
J&J
Quiker City Cold Storage—
1st i. 15s 1953
M&N
Radio-Keith-Orpheum Corp—
Part paid ctfs (for 6% deb and
common stock) 65% tmld-Debentur4 gold 6s l94f
J&D
Midwest Corp ref 6s 1940. M&N
Railway Express Agency lnc—
Series 5s 1939-'4P 's-al. M&f51
Railway W'house 4-6s (w-s) *47Realty Bond & Mtge deb 3-6s '53-

Scbulco Co 6%s 1946

109%

100

-

__

s

106

90%

1st income 6s 1958
J&D
Protestant Church of Germany-—
7s 1946
A&O
Prov Paper Ltd 5 %s 1947.. M&N
Prudence Sec Corp 5 Ms '61.M&N

Sayre & Fisher Brick 6s 1947. J&J
Scnoenstadt (H) & Son 6s 1950

1st

77 M
103 M

•

Ruhr Chemical 6s 1948
A&O
Ruhr Housing 6 Ms 1958
J&J
Safeway Stores 4s s f deb *47- J&D
St Clair Furnace 1st 5s *39-. F&A
St Joseph Stock Yds 5s '401.. F&A
St Louis Gas & Coke Corj»—
1st M s f 6s 1947
I&D
St L Rky Mt & P 5s *55 stpd .J& J
St Paul Un Stk Yds 5s 1946. *&0
Samson Tire & Rubb 6 Ms *39 J&J
Saltex Looms lnc 6s 1954---A&O
Saratoga Victory Mills—
6 Ms 1943
J&J
Saxon Pub Wks (Germany)—
1st extl s f 7s 1945
—-F&A
Gen & ref 6%s 1951
-.M&N
6% notes 1937--.J&J

15-year 3 Ms debs 1951—-M&S
4herldan-Wyomlng Coal Co—

105%

-

_

12

•27

106"

Porto Rican Amur Tobacco—
Conv 6s 1942—.....
J&J
Potomac Bond Corp 2-5s 1953—
Potomac Cons Deb Corp 3-6s '53.
Potomac Deb Corp 3~6s 1953
Potomac Franklin Deb3-6s 1953.
Potomac Md Deb Corp 3-6s 1953
Potomac Realty Atl Deb Corp—
3-6s 1953
Potrero Sugar—
7s stamped 1947
M&N
Pratt Cons Coal 1st s f 5s *55 J&J
Pressed Steel Car Co 5s *51-- J&J
Ptice Bros & Co Ltd—
1st 3s 1939-40
M&S
1st 3 Ms 1941-43
r-M&S
1st 5s 1957—
M&S
2d conv deb 4s 1957——M&S
Produce Term & Cold Storage—

Red Riv Lumber 5 Ms

Copper 7s 1933

91M

Bid

Bonds

Ask

_T

Phillips Elec Works 5s 1953.F&A
Phoenix Iron 1st

90%
J&J f
7
J&J
106%

Siemens & Halske 10-yr 7s 35 J&J /
Deb g s f 6 Ms '51 with war M&S /

Pettibone Mulliken—
6s

5f 46 J&D

Servel Corp 5s 1948
Shell Union Oil Corp—

35

Pennsylvania-Dixie Cement Corp
1st m s f 6s 1941 ser A.M&S15
Pennsylvania Glass Sand Corp—1st s f 4 Ms 1960.
J&D

Bid

Securities Accept Corp

_

Penn Mercantile Properties—
Secured s f 3-4s 1901
J&J

Bonds

Ask

Pearl River Valley Lumber—
1st income 4-5s 1945...MAS X 105
Penn Amer Goal 6s 1941-56-- J&J
85

sale,

n

r

Canadian prices.

s

Sale price,

t Called

Quotations for all securities are

Stocks

Par

Bid

as near as

Stocks

Ask

Par

possible for the closing day of the month preceding the date of issue

Bid

Per share
Dixon Mills

Preferred

100

90
50

20"
10

60"
80
5
25

38
17 *

100

Preferred

Border City Mfg 100
Bourne Mills

6*

18
80

8

Mills.. 100

Draper Corp...
*
Farr Alpaca
100
Cotton—*

93

97

16"
9*

Gainesville Cot Mills

G^anteville

9*

11

Hanes (F H)

27*
17*

Hanover

32

34"
21

16

18
13

Mohawk Carpet. .20
Mt V-Woodb Mills

12*

(Baltimore)

100

1*

Preferred

100

17

20

33
7

38
9

7% preferred.-100

100

105

6% preferred

2

3
43

4% preferred
$3 prior pref
Highland Pk Mfg 20
6% preferred
Imperial Yarn

*

38
4

Nashua M (N H) 100
Preferred
100

7

9

24

27

k

15

Judson Mills A pflOO
Preferred B
106

12*

King (J P) Mfg. .100

M

2nd preferred—1

Nonquitt M(NB).*
Pacific Mills

•

Patchogue Plymouth
Mills pref

Pepperell Mfg...100

8

59

Pierce

Mfg
..100
Pilgrim Mills
100
Plymouth Cord. .100

4*

ai*
1

94"

5

common

Oo

3*
19

Preferred A

20

Preferred B—__20

8*

5*
10

8

10

100

25

27

*

28

31

Mills

Mills common—♦

*

•H

1*

23

Mills..lOO

Monarch

Norris Cot Mills

SouleMill (NB).100
& Mohawk

17

Cotton Mills.-100

27

5*

6*

4*
84

Mills

*

Amer Yarn & Proc

2*
50

7% preferred--100

96

3k*
60

98

Anderson Cotton
60

Appleton Co

67
42

78"

Preferred

Arcade

Mills 7% pf

25

Avondale Mills

19

23

1

8

Beaumont Mfg.....

95

7%p eferrea.
Mills (SO) .25

Belton

96

100

3

6

Preferred..

1

100

ChicR ETrus's- 100

Burlington Mills— 1

85

90

«*'-»«•

—

Power

13

7 % preferred
Southern
Bleachery

common.

common

*

11

74" "

&

3
97

4*

16

18"

Worsted—

49
115

'''mm

mm mm

15

mm

18

Smelting..

Illinois Zinc

*6

j*

*

Isle

3*
82

aI*

7*
52

26*

10

4

8

8% preferred--100

70

78

China Grove Cot—

61

65
28
104
105

99"
100
50
60

55

83

70
90

35"

42

5
15

"i H

1*

Union-Buffalo
Common

Mills

10

1st

7% pref...100
2d 5% pref_..100
Victor-Monagh'n 100
7 % preferred- .100
Victory Yarn Mills—
1st M 6s Jan 1941
Wallace Mfg Co
Ware Shoals Mfg 100

7 % preferred. 100
Wellington Mills. .*
Preferred
100
West Point Mfg. .20
.

Winget Yarn
Mtge 68

*
9
5

78""

82

14
32

17
35

110

74
M

-

81
—

—

51

52

60

90

95
15

73

68

16*

1?S

122

....

81

Wiscassett Mills

125

135

Woodside Cotton.20

4

5

.

Guar

of New

&

*

*

1*

25
„

128

*
*

*
10c

York.._20

5*

60c
40

4*%

conv pfd 100
Abbotts' Dairy
*
,

108 *
16

Abercromb.e & Fitch
1

8

56 preferred ...75
Abitibi Pow & Pap.*
6% pref
100
7% preferred—100

47

Kirkland LakeGold 1
Lane Rincon Minesl
Lake Sh Mines Ltd 1
Lava Cap Gold Mini

1.40

13*
20
27

Acme Wire v t c__20
Adams (J D) Mfg..*

Louisiana L'd & Ex 1
Lucky Tiger Comb
Gold Mining
10

Adams

Adams Express

McIntyrePorcupineS
Miami Copper....5

*

5

Addressograph Multigraph Corp—10

18*

Castings com
5
Advance Rumely..*
Aeolian Co—

6*

2*
2*

6% preferred A_50
•

Mother Load Ooall'n
Mines
.....*
Mt City Copper

National

8*
7*
15*

*

Advance Aluminum
40

Mining Corp of
Canada

29

20

Adams Millis.....*
Oil & Gas.*

22

5*

INDUSTRIAL AND
MISCELLANEOUS

braham & Straus.*
Acme Steel
25

Magma Copper Co 10
Mayflower-Old
Colony Copper.25

\X
8c

10

Trust

Common

King David Mining.

18

75

Mills

Mortgage Guar.

EmpireTitle &Gul00
Home Title Ins (NY)
Lawyers' M Co
20
Lawyers Title &
Guaranty
100
Natl Surety Co.. 10

A B Stove
*
Abbott Lab'tories.*

Jardine Mining
1
Kennecott Copper.*
Kildun Mining
1

65

22*
7*

7*

Warrants
Island Creek Coal-1
$6 preferred
1

42

*

GUAR¬

29*

Copper
20
Internatl Mining..!

45

7

3

TITLE

&x

*

34

55

12

Title

*

35

10

a
a

& SAFE
DEPOSIT STKS

Inspiration Cons

Royalo Cop

Tr(Boston)100

36"

Howe Sound Co
5
Hudson Bay Min

78

Franklin

Hotel

5
3

500..

ANTEE

12 *

Stowe

42

110

..

Bankers Bond &

.5

Sterling Spinning—

25*

5
12

City RET (0..500 a
Congress St Associ¬
ates (Boston). 100
Factory Bldg Tr.100
Fifty Associates (B). a

67

Greene-Cananea. 100
Hecla Mining___25c
Hollinger Mines...5
Homestake Mines

100

100
60

'

22

Kimball Bldg Tr 100

3*

1

85
23

Chadwick-Hoskins

Chiquola Mfg
20
6% preferred
Clifton Mfg (SO) 100
Climax Spinning..50
Columbus Mfg (Ga)
Converse (D E)_100
Cowpens Mills
Crescent Spinning-.
Dallas Mfg (Ala) 100
Darl'gton Mfg(SO) 5

57*

Granby Cons M S &

8

Oiacs B pref

Bldg Tr

Bond & M Guar. .20

Mines

77"

Calhoun Mills...100
Cannon Mills
-*

65c

Goldfield Consol

6

Textiiec Inccom
Class A pref

40

a

Smelting com.. 10
7% preferredlOO
Golden Cycle Oorpl 0

23

Spinning

9
20

a

7 % preferred. .100
Federal Mining &

23

17

7% preferred-.100
Spartan Mills
100
Startex Mills
..20

1*

20

Bos Stor W'h'se.lOO a
Boston Wharf
100 a
Cent

8

Sibley Mfg (Ua).lOO
Smyre (A M) Mfg 10

*

1*

REAL ESTATE TR
& LAND STOCKS

12c

78

7% preferredlOO
Southern Weaving.*

Gold—Name

Bd of Tr Bid Tr.100 a
Bos Gr'd R'T Tr 100 a
Bos R E TjfBosJ.lOO a

Evans Wall Lead-.*

70

Preferred

7*

*
31

5

19

78"

B

7 % preferred

Oo

mm

11

Southern

32}

10c

68

Bibb Mfg.
100
Brandon Corp A
Class

mm

75

50

*

»

H

*

Copper

1

changed to Yukon
Pacific Mining Co 5

It6

5h

Eagle Pich Lead. .10

8

com

Yukon

1

60

70

Print Wks_.

Zinc-Lead

96c

Hargreaves

Mines

81

25

Mills

Mining

Wright

10

Stip

120
28

75

17
97

7 % preferred -.100
Riverside & Dan Riv

1*
100

Copper Co..10

Utah Metal & Tun.l

49
25

Southern

Utah

110

20

Saxon Mills

United Verde ExtSOc
27

5

Cresson Consolidated
Gold Min & M..1
Cusi Mexicana__50c
Dome Mines Ltd..*

(F W) Mfg.. 100

Process

Cotton

Mills

79
mm

10*
4*

Copper Canyon-10c
Copper Range
*
Cornucopia Gold-5c

42

mm

Sunshine Mining-10c
Teck-Hughes G M.l
Tonopah Belmont-1
Tonopah Mining..1
Union Copper Land
& Mining
25

Cons Min & Smelt .5

62

6

100

Mills

35

5*

Silver-Lead-1

Walker

Consol

6

43
89

Rowan Cotton

5

30c

1

Dredg¬

Common
Como Mines

77
7

5

6% preferred--100

M—100

Spinning

Alabama

72

56

Rhodiss

5

Cerro de Pasco

81

100
7% preferred —100
Perfection Spinning.

7% preferred

Mfg

Stand

6c

Chief Consol Min._l
Chile Copper
25
Clear Creek Cons—

*

— —

39
84

Common

Acme

65

Riverdale Mills—

Southern Mills
Abbeville Mills

45

100

Piedmont

11*

1
Central Am Mines. 1

100

45

Mills

Orr Cot

So Am Gold & Plat.l

Carnegie Metals

38

39

Cotton.

"5*

22

1

Co

35"

1

1
Shattuck Denn
5
Silver King Coal._.5

5

Calumet & Hecla__5

33"

14*

_

30*

1

C2*

Callahan

1 *
1 *

25*

Butte Cop & Z Go-5

68

mm

l'oe

Utica

Wamsutta

73

...

Pickens Cot Mills._

Preferred

68

6

10

«&

Mines

Gold

Butte &

35

•

Mooresville

Lead

Bunker Hill
6 Sull'n M &

85

snares.

Joseph Lead
Seneca Copper

conv

ing, Ltd

100

mm

l'acolet Mfg

Saratoga Victory

Bulolo

65

95
62

Newberry C M..100
5

Mfg

Sagamore
(F R)

45

Marlboro O Mills. .4

Musgrove CottonNat Yarn Mills
50

♦

(F R)

Saco Lowell Shops
Common ....—♦

Sanford

iF'

Consol

47

58

Mill pref. .100

Zinc

Bagdad Copper

90

Majestic Mfg
Marion Mfg Co

Ltd Amer

Black Hawk

40

2*

_.•
1

St Anth Gold M

Ariz Comstock

40

_

St

pf 25
\nacondaCopMin 50
Andes Copper M.20

9

Tvlills

Powdrell & Alexander

ich Borden Mfg
guissett Mills—100

100
Limestone Cot Mills
Linford Mills

10c

Austin Silver Min.-l
Backbone Gold..
1

6

8*
3

Pond Creek

*

95

60
80

Preferred

106

10

Smelting

10
24

1 *

1

Amer shs ctfs..l0
Pioneer Gold Ltd..l
Polaris Mining. _25c

Gold

$5 prior

Industrial Cotton
Mills pref
Inman Mills

106
106

1

96

Laurens C M.

20"
92

93
85

6*
23

Enterprise—

Pocahontas._

Mining

Amer

Mills—

8c

41c

Quincy
25
Roan Antelope Min

Mining

Henrietta Mills—

...20

Knit 5

Mills

106
106

Alaska

\ltar Cons Mines.

Preferred
Hamrick

100
100
100
100
100

Premier Gold M

Alaska Juneau

9

Hartsville Cot Mills.

18
1

Hathaway Mfg..100
Kilburn M (N B).75
100

1

f
/
/
/
/

STOCKS

Gold

Mills

Grendel

40c

Patino Mines &

...

Admiralty

42

Mfg. .20

53
6

22*
1*
59*

1
Old Dominion Co.25
Oriental Cons Min'g
Pacific Tin
•
Park-Utah—
Consol Mines

1937

90

-

9

10

MINING

sF

70

Utah

*

1936

34

Glen wood Mills .100
Gossett Mills

41

Nashawena

8

7% preferred. .100
Gaffney Mfg
50
Oonv pref
10

8

16

1

5

92

4

49*

25

8.50

1933..—

48

65"

5
Noranda Mines
*
North Butte
2.50
Ohio Copper of

Atlantic Mutual—

97

7 % preferred

....

Prior preferred .25

Preferr* d

Fairforest

46*

Nipissing Mines

MARINE INSUR¬
ANCE SCRIP

18

48

1*
30

GosnoldM (NB)..*
Preferred
100

Luther Mfg
Martel Mills

16
105

Finish Co
Serial notes
Flint Mfg Co
10

Rosario

*
100

Wabasso Cotton

87

o

Dexdale HosieryPreferred .....100

50

45

'5 *

*

100

45

Preferred

Ask

N Y & Honduras

Penmans Ltd com.*
Preferred
100

Dorain Text Ltd

100

6% preferred--100

Newmont Mining-10
New River Co
100
Preferred
100

Montreal Cottons..
Preferred
100

15

Florence Mills. ..100

Mills—

Preferred

47

25

Bid

Par

Per share

M00

23

12

20

Stocks

Can Cottons Ltd 100

37

100
Enterprise Mfg (Ga)

Ask

Mills

20
18

7 % preferred
Efird Mfg

Bid

Converters. 100

Can

Preferred

Common

S*

Par

Per share

Canadian

7

Hosiery

Eagle & Phenix.-lOO
Eagle Y arn
Easley Cotton Mills

Erwin Cotton

Spinning Oo
*
5% preferred
$
7% preferred
*
Blgelow-Sanford
Carpet common. •

General

56

5c

18*

20

6% preferred-. 100

12*

Fine

Charlton

109

Durham

Algonquin Print-100
American Mfg_.100
5% Pr.ilerred_100
Amos keag Mfg
*
Arlington Mills__100
Barnard Mfg
100
Beacon Mfg
100

Brighton

29

Dunean

Northern Mills

19354

65

5
26

Drayton Mills

STOCKS

Berkshire

55

Mills._.-20

7 % preferred--100

TEXTILE

Stocks

Ask

Per share

Tunnel

and Mines com..*

New Jersey Zinc. .25

Aero Supply Mfg—
Class A
!__*

1*

16

Class B
*
*a
3* Aetna Ball Bear
1
Aetna Brewery
1
1* Aetna Rubber
*
Preferred
49*
Aetna Stand Engine*

Preferred

.....

3*
4*
5c

40*
430*

100

Agfa Ansco

22*

Agnew-Surpass—
Shoe

*

r

10

Preferred
100
Alnsworth Mfg....5

r

104

com

Air Associates—...1

Air Devices

•

Withoutvalue? P*yS accrued divldend*




f Flat'price.

A Last sale.

n Nominal.

r Canadian price.

Oorp—1

t New stock.

5*
7*
■H

* Ex-dividend.

June, 1938]

INDUSTRIAL
Quotation! for all securities

Stocks

Par

Bid

Ask

Stocks

Air-Way Electric
Appliance.

42

45

%

eg

Alaska Pac Salmon

Albany Packing. 100
Preferred..
100
Alberene Stone of Va
Vot trust ctfs

27

48

4K

.

Alliance Realty

5

11

3%

Chem

&

14

4?*

4§H
13 K

8

ii
6

5%
9

2%

m

Preferred..—100
Allied
Brewing
&
Distilling Co
1

Amer Metal Co

25K
99

_*

20c

Allied Kid Co com.5
Allied Laboratories *

7F

Allied Mills Inc

*
Allied Paper Mills. 1

8

9K
10 K
2%

23

Am

~

Republics

10%

Common... ...10

5

9

6%
14%
65

American Sealcbne—

5

&"

Alloy Cast Steel
*
Alpha l'ortl Cem__*
Altorfer Bros—
Conv

6% preferred. .100
Alum Goods Mfg.*.*

Aluminum
Aluminum

6%
Amal

3
11

Indus..* k
Ltd.
*

preferred. .100
leather

1

6% conv pref—50
Amalg Sugar
1
5% preferred
10
Amarel Corp.
100
-

Amerada

-

.

71
95

71%

14 %

15%

96 K

May^lO

78

97%

102%

iF

16%
2

220

10

American Arch
.*
Am Bakeries pref 100
Class A..
*
Class R

*

Preferred.

50%
11K
26 K

11

"8*
99
18

100

50

5

Am Beverape Corp. 1

Preferred

49

American Can

25

Amer

.

25%

28%

2

32

Amer Centrifugal—1
Am Chain St Cable. *

5% preferred.. 100
Chicle

*

W*
S*
113

ilK

Apex Elec Mfg..
Appleton Co-

95
109

100K

Amer Cigarette &

Cigar Co.....100
100

Preferred

100
110

Amer Coal <NJ)__25
Amer Colortype__10

15

5% preferred. .100

35

23

5K

8%

6% 1st praf—100
Am Cyanamid A .10
Class B
20

27 K

5% preferred

10
*

7% preferred. .100
Amer Encaustic
Tiling Co
...1
American Enka—*

9%

Amer Forging
Socket com

Amer Fork A Hoe..*
Preferred
100
Am Fruit Growers
Preferred..
50
Am Furniture..... 1
Am Hair A Felt...*
1st preferred—100
2d preferred.. 100
Amer Hard Rubb.50

8% preferred—100
Amer Hardware..25
Am-Hawaiian SS.10
Am Hide A Leath—*

6% preferred

50

7%
17

IF
sF

11%
5

91

113

F

1%

114%

guar

3%
28

90

4%

$6 conv pr pref—*
7% preferred-.100
Armstrong Cork—*
Armstrong Rubb A*
Arnold

Print

35
50

26%
7%
6%

..*

170

500

7
9

10

Aro Equipt Corp—l
Arrow Aircraft——1

14

70

Hegeman

iF
103

Art loom

Elec.10

29

%
2%

*
7% preferred-.100
Corp

Art Metal Constr.10

1

1%

6

9

1
2

2

16%

Art Metal Works.-5
Arundel Corp
*
Asbestos

J**

Mfg com.l
Preferred. .....1
.

58

62

Ashland OU & Ref.l

23

26
12

Assoc Brew (Can).*

r

9

r

89

95

7% preferred-.100
Assoc Dry G'ds
1
6% 1st pref...100
7% 2d pref—.100

18H

IF

34

8% non-cum pflOO

16

16
36

9

.

ig

11
1%
17

V t

common...* fc
Associated Rayon.*
Atl coast Fisheries.*
Atlantic Co common

$3 preferred
$6 preferred

Without par value




k Last sale*

n

Nominal,

"5%
6%

6%

5

78

May 24

IF

16%
29

Class

B

%

*

Brill Corp class A..*
*

Class B

—1
*

7% preferred--100
Brillo Mfg—
*
Class A.......-*

Brinks, Inc....—25
Bristol Brass.
25
Bristol-Myers
5

Refining. 1

...

2

F
7%

30
64

fg
22

3F

27

29"

32%

33%

Brit-AmerOil Ltd—

Coupon
*
Registered——- *
Brit-Amer Tob reg£l

100
1

Ordinary bearer £1

*

British Celanese Ltd
Amer dep rets. 10s

*

19%
19%
19
20%
26
24%
26% May 3

Brockway Motor—
Truck common-

Baumann (Lud)

*
7% preferred-.100

_

Preferred
100
Brown Co 6% pf-100
Brown Durrell
*
Brown Forman

Optical com
10
5 % preferred- 100
Bay State Fishing.*
Preferred
.20

%>
20c

*

A*

11"

*

5%

Distillery

1

Brown Shoe

common. .25

...

*

6

15%

Class A pref--..*

Brown Rubber

Beaton Sc Cadwell

2

i%

Brown Fence Sc Wire
common...
.-1

23""

5

iF
F

6%
55

58

Beech-Nut Pack.-20

Belding Hem'way. *
Be)den Mfg com.. 10

Class A common.*
Buda Co com. --100

25

34

7

8

Bell Aircraft
—1
Bellanca Aircraft.. 1

Budd (E G)

£F
slH

93

4%
35%
75
27

8%

Budd Wheel.

Bender Body com. .5
Bendix Aviation—5
Beneficial Industrial
Loan common...*

17%

*

53%

Beneficial Loan Soc *
Benson Sc Hedges-.*
Conv pref-_—.*

31

2%

10%

m
6%

Berghoff Brewing. .1
Berkey Sc Gay Fur¬

10

Mar. 29

7%

60
61

Mar

4

5%
2%
2%
5

Canadian price,

Limestone

6 Cement com..*

s

com

*

2%
1%

Class B__.

Inc——-*
Preferred.——-*

Preferred-..

6%

l!
1%
4%
11

J*

80

>

3k
95

14

18
10

%

5
45

1^1

•

17

%
2

15
2
2

7
12

10

Byers (A M) com. .*
7% part pref—100
Byers Machine....*
Byllesby class A...*

Bickfords

t New stock.

Biscuit-12 %c

5% conv pref..30
Butterick Publis
*
Preferred
50

B/G Foods Inc
*
7 % preferred—100

Ex-dividend,

35
13

2%

14 J

......

Butler Bros—

—-*
*

Billings Sc 8pen—25
Bing & Bing
5
Binks Mfg——1
Birdsboro Steel
Fdy Sc Mach com *

%
F
J*

7% debenture-100
Bush Term Bldgs
7% pref ctfs—100

5% preferred
20
7 % preferred- -100

9
8%
% April 5

13%

30

*

com

Bush Term Co

Beth Fdy Sc Mach.*
Preferred--.50
Beth Steel (Del)...*

6

Burns Bros

Burry

Purchase warrants
Borland Shoe St—*

Preferred
Best & Co

4

Burdines Inc
Preferred.
Burma Corp Ltd—
Am dep receipts-

Machine.

niture common-.1

Bessemer

Burco Tnc com-.-.*
Preferred.:
.25
Burd Piston Ring—1

IF
rF

Burroughs Adding

7% pre-erred. .100
6%

*

7 % preferred--100
Bullard Co..
.__*
Bulova Watch.
*
Bunte Bros com..10

.50
Preferred.—.50
....

•Preferred

Mfg--*

7% preferred—100

Belmont Radio....*
Belt RR & Stk Yds
Common.

14

40

5

5%

$1 % conv pref.20
Beech Aircraft-.—1

15

r

May 20

4%

9

110

c

Athey Truss Wheel 4

23
20

4%

109%
47%

1%,

21
14

Beaunit Mills Inc. 10

it*
5*
llS
5

,

2%

$5 preferred—-*
Buckeye Pipe L-.50
Buckeye Steel Cast *
Bucyrus-Erie Co—5
7% cum pref..100
Bucyrus-Monighan

J*

Am dep rets ord

registered
£1
Assoc Laundries...* fc

i%

22

Assoc El Indus Ltd

uH

30

%

Brunswick-BalkeOollender..

6%

Arrowhead Petrol—

3
8
100

28

$5 preferred w w.*
Bearings Co (Am).*
1st preferred. .100
2d preferred
100

Arrow Hart-

65

15%

2%

3%
5%

30

5%_preferred

14%

27%

Works

Common

2%

iggs Sc Stratton..*

.

pref-.100

1%
4%
34

*

7

>

Bright Star Elec—

Stainless

Barnsdall

15%

31

Bruce (E L) Co
5
Bruck Silk Mills.—*

%

V*

Armour & Co (Hi)—
Common
6

32

2%

Bridgeport Brass..*
Bridgeport Mach--*
Preferred. ..—100
Brigs® Mfg
*

Service cl A
*
Barber Asphalt
10
Barber (W H) Co.. 1
Bards town Distill.. 1

Bros

12

%

Q%

3%

120

119

10
pref—

110

12

Brewers & Distillers5
Brewster Aeronaut'* 1

Bancroft (J) Sc Sons*
Preferred
-.100
Bankers Industrial—

com

15%
18%

18
115

Beatrice Cream. .25
Warrants

8

2%
20%

Arnold. Constable-5

Amer Home Prod—1
Amer Hosiery
25
Amer Ice Co......*

*

10%

■

7 % preferred. .100

74

and
;.*

8%

16

20

com

_

7% pref..
100
7 % pref new
30
New warrants
Baldwin Rubber
1

Mfg
*

14%

*

Casket

Bayuk Cigars.....*
7% 1st pref...100

3

Armour A Co of Del

...

Amer Felt common *
Preferred.
100

*

52

17%
9%

Brach (E J) Sc Sons *
Bradley Knitting—
1st preferred- 100
Brager Eisenberg—1
Breeze Corp
1

Baldw Loco Wks__*
V t c for com
13

.

3%

Archer-Dan-Midi *d *

Ark Fuel Oil

J%

10
15

Boyertown Burial

100

& Paper A...
Class B__

46

50
1

Applied Arts..
1
Appollo Steel
..10
Apponaug Co...
*
A P W Paper
*

Argo Oil

Amer

Equities Co. .1
Amer Express—100
Am Fabrics, pref 100

1%
44

Arcturus Bad Tube *

Commercial
Alcohol com—20
Am Crystal Sugar 10

Amer Distilling pf 10

See Textiles

6%

Amer

Amer Dist Teleg

*

Anheuser Busch._20
Antilla Sugar
100

1

*

Bausch & Lomb

10

85

104

44%

Bowm Bilt Hotels
Common
.*
1st preferred--100
2d preferred*

*
Badger Paper Mills *
Baird Telev pref

...

13%
104%

Angostura-W uppermann Corp
1

pref..*
....

100

Backstay Welt

Bastian-Blessing ..*

35

17
89

5

Bowman Biltmore
Bondholders A.65

—

Andian Nat Corp..*

7% preferrt a.. 100
100

Mills A

Bathurst Power

12

conv

com.. 1

Preferred100
Babcock & Wilcox.*

1%

30%

26

Anchor Hocking
Glass common._*

$6%

*

Axton-Fish Tob A 10
Class B
10

Bates Mfg
Bath Iron Wks

31

IK

Amer Carme)

Preferred..

%

>*

Anchor Post Fence
Co common.

B

Preferred
10
Bourjois, Inc
—»
$2.75 cum pref—*
Bower Roll B'r'g—5

3

2

American shares..

87"

14
19
90
45
12

Preferred—.100
Botany Worsted

Bartgis Bros com_.l
6% conv pref. .25
Basic Dolomite1

Anaconda Wire

164

Canadian

4

Trading

A Cable com

123

A*

3%
29%

Writing Pap.*

85%
162%

Am Car & Fdy—

Amer

7

2
14

9

Boston Herald
Traveler Corp
*
Boston Woven Hose
Sc Rubber com..*

Barlow Sc Seelig cl A5
Barnsdall Oil...
5

50

*

7 % preferred—100
Amer Wringer
._*

55

6%

1)
11J

1st preferred. -100
Bohack Realty pflOO
Bohn Alum Sc Br—5
Bon Ami com A...*

Corp. 5
Borne Scrymser—25

tation Corp

Steel
Barker

6%
21%

B org-Warner

Warrants
Aviation Corp(Del)3
Aviation & Transpor¬

Preferred.

10%

21

Borden Co—-——15

6 % pref ww
25
Pref ex-warr.25

12

Common.....
*
Preferred
.100
Am Woolen Co

Ik

62

Bpnd Stores

25

"%

3

27
98

35%

Common

Avery(B F) & Sons 5

Barium

%

15

5%% pref..—50

100

Properties

65%
68%
138%
4%
4%

10

100

_*

7% preferred.

3%
4%

i.*

Class A

Amer

American Book.. 100
Amer Box Board—1
A.Brakc Sb & Fdy—

17%
4

67%

preferred..100

18

56

136

vitrified Prod.*

Amsterdam

1

5H% conv pf-100

25

Type Found. .10

7%

14%
53
7
60

Common-..-...*

B

Transformer.10

20

14%
52

5

16%
16%
3

6%preferred—100

33"

6 % preferred ... 50
Am Bern berg com.*

7% preferred

x

13%
23%
106%

Amer Wind Glass—

,

31

Am Bank Note...10

Preferred

13

21%
105

64

Am

.5
5

Preferred
100
Balaban Sc Katz._25

6%

13%

5%

15%

Bohack (H C) com.*
19

Automatic Refrig. 10
Automat Vot Mach *
Automatic WasherCommon....
3
Automobile Banking
$1.50 conv pref 25

Baker Chemical

17%

54

Common

9

26%
32%
118%

175"

50

Am

llH
i*

17

Amer Thread pref. 5
Am Tobacco com.25

Am

50

(Delaware)

Am Sumatra Tob—*
Amer Thermos A—*

6
260
55 K

68

139
145

7% preferred.. 100

2

1%
5%

6%
14%

53

51

6% non-cum pflOO

Amer Agric Cnem—
Amer Air Lines

•7% preferred—100
American Snuff. .25
Amer Steamship. 100
Am Steel F'dries
*
American Stores
*
American Stove
*
Amer Sugar Ref.100

55 %

Corp

3%
1
8%
25
32
114%

Amer Seal-Kap
.2
Amer Seating
..*
Amer Ship Build—*

12K

11%

preferred..*

Aluminum Co com.*

16
39

Am Smelt A Refg—*

7

10%
153

4%% conv pf 100
Safety Razor

Allied Stores Corp. *

39 %
2%

i."
J*

Am

14

41%

ment common

16

7% preferred-.100
Boeing Airplane.-.5
15

common

Class A com.

10

com

12

...

%
14
1%
36

Common ...18.50
American Screw.100

5% preferred—100

110

Alarm

10%

5
14
13

Blumenthal (S) com*

Automatic Instru¬

3
2

Amer Rolling Mill 25

Allied Prod (Mich)
c) A cony com..25

Allis-( :h aimers Mfg
Common
*
All Metal Products 2

21%

IF

preflOO

cum

Austin Nich & Co..*
$5 cum prior A..*
Autocar com
io

6% preferred.. 100
Automatic Fire

105

*
6
*

Am Potash A Chem *
Amer Radiator &

7%

119

10%

Preferred
100
Bloomingdale Bros.*

.

26

*

1

Bloch Bros Tobacco
Common
25,

pref—100

Automatic Prod

American PianoClass A.
Class B
Amer Pneu Serv

137 K

conv

12%

9
42

6% conv pf
25
5% conv pf
25
Bliss Sc Laughlin...5

Atlas Tack
..*
Auburn Automob I *

18

Stand Sanitary...*

136%

5%

U%

*

Bliss (E W) Co^Common--.-

conv pref. 100

Atlas Pipeline....-*
Atlas Plywood
*
Conv preferred_20
Atlas Powder
_„*
.

Ask
share

$3 Preferred—
Blaw-Knox Co

pflOO

22%
22

7% 1st pref
50
6% preferred —50

5c

3"
14

%

6% conv pref—100
American Meter
*
American News Co *
Amer Optical-----*
Preferred
100

6

Dye
*

Corp common

2K
12

Locomotive.*

Amer Mach A Fdy. *
Am Mach A Met..*
Am Maize Prod
*
Amer Maracaibo—1

Alien

Industries...]
Ailentown Portland
Cement pref
10
Alles A Fisher

48
12 %

%
16
14%

4%

Mfg *

Blauner'scom

non-cum

Atlantic Refinlng.25

5

.

Am Laund Mach.20

Bid
Per

Black&Decker

SS Lines.

5%

2%
%
16%
14%
66
32%

1%

Par!

Stocks

Ask

Atl Gulf & W Ind

1%
20

4%

Foamite Corp..10
Warrants

7% preferred-.100

3

Bid

Per share

74

71
1
15

—50

Am Internat Corp.*

Amer

2

Stocks

.

Amer-La France A

2%

19%

Hamilton

8% preferred.. 100
Algoma Steel com.*
Preferred
100
Allegheny Steel
*
Allendale Corp
*
$3.60 Preferred..*

Preferred

...

3

Inst common....*

Allied

Amer I G Chem A_*

53

5

Alberta-Pacific
Grain class A..„*r
Preferred
100 r
Alexander Dept Stsl
Alexander

23"

Ask

Per share
Amer Insulator..—*

*

_

85

STOCKS

possible for the closing day of the month preceding the date of issue

Bid

Par

Per share

Air Reduc'n com.-*

MISCELLANEOUS

&

are as near as

iF
F

7

25
3

28
4

\*
5

86

MISCELLANEOUS' STOCKS

INDUSTRIAL* &

Quotation? for all securities are as near as possible for the closing day of the month preceding the date of issue

Stocks

Bid

Par

Stocks

Ask

Par

Per share

14

Byron Jackson—

Claude Neon Lt

%

16

19

18%

19

Cleveland

60
Wvant &
Cannon Fdry—*
Canada Bread
*

50

50 %
51

Cleve Tractor

20

Cambria Iron

Campbell

8%

9%

3

r

88

90"

pref
60
Canada Cement-100

r

40

45%
8%

-100

r

Class B

Preferred-

_

-

_

r

8

90
15

.

Ale.6
Canada Forgings—
Class A--*

r

♦

r

Can Iron Fdy's. 100
Preferred
100

r

56%

Canada Packers
*
Canada SS Lines
*
Preferred
100

r

63

r

3%
10%

Can Wire & Cab A-*
Class B
♦

r

Canadian Bronze
Preferred
100

r

35

r

105

14%

Can Dry Ging

B

Class

r

r

Celanese—
100

r

Canad

Preferred

12

8%

64"
3%

*

*

denum Co

*

100
—*

Peabody—

7 % preferred- .100
of New York
Coca-Cola Co.

37

*
*

Class A

*

Coca-Cola Intern. _*
Cohn &

•

26

26%

10

11

Rosenberg.*
Coleman Lamp &
Stove

1%

Va

Can Fairbank pf.lOO
Canadian Foreign—
Invest Corp
•
Preferred
100

24

27%

*

common

Q% preferredlOO

100

Collyer Insulated
Wire common

*

Colonial Beacon Oil»
Colon

Can Indus Alcohol-*
Class B

Col Fuel & Iron
Warrants

Capital City Prod-*
Carborundum Co--*

»

Colt's Patent Fire
Arms Mfg
25

*
100

Columbia Baking.

6% preferred—100

»

_

Preferred
»
Columbia
B'castin

Carib Syndicate. _26
Carman & Co A—*
Class B
*

Syslnc class A 2 J
Class B
2>

Co
*
6% preferred
100
Carpenter Steel
6
Carrier Corp
*
Carriers & General-1
Carter (J W) Co—1
Oasco Products
*
Carnation

Vot tr ctfs com.-*

$2.75

conv

pref--*

Oolum Carbon v t c *
Columbus Auto—
Parts com.-....*

Case (J I) Co—-100

$2 preferred

7 % preferred- -100
Case Lockwood &
Brainard Co—100

Oomm'l

*

Solvents..*

Com'wealth

DIst—1
Shoe—

Castle (A M) Co—10
Catalin Corp.
1

Compo

Caterpillar Tract-.*
6% preferred -100
Celanese Corp
*
7% prior pref-100
1st partic pref-100

4%

Gases

8

,

9
4

I*
J*

38%
2%
45

6% cum pref
100
Corp.. .15
1st preferred-—*
$7 preferred—..*
Central Aguirre
*

14

1%
12%
112%

a*

Central

Airport

1
Consol Car Heat. 100
Cons Cigar Corp..*

6%% prior pf-100
7% preferred-100

Central Cold Storage
Common
..20

$2

124

120%
58%

59%
...-

19

nV<*
77

;

8

i*
if*
1%

10%
3%
49
6

13%

3
11

Preferred..

Centrifugal Pipe

.*
Century Rib Mills.*
7% preferred—100

Consolidated Steel *
Consol Textile
*
Consolidation Coal—
Common v t C..26
Warrants

Certain-teed Prods. 1

6% prior pref-100
Chain Belt com.
*
.

.

-

Ohamberlin Metal—
Weather Strip

Champion

Paper

5% pref v tc—100
Consumers Co of 111

6
&

Fibre

21

*

'

6% pref
Chapman Valve
Preferred
Charts Corp..

100
2
100
10

96%
35

V t c A partic-.60
V t c B partic—*
V t c partic pref 50

Container Corp
20
Continental Baking
Class A

*

Class B

Checker Cab Mfg.5
Cherry-Bur Corp. .5
Ohesebr'gh Mfg 26
Chic Daily News—*

..*

•

16

11%
33

1

2

11

13

6%
%

6%
%

13%

5%
16%

Cont Steel Corp
Preferred

*

99%

75*

Equip

25

Chic Rivet & Mach 4
Chic Towel com
*

9*
1%

4*
10%

preferred-.*
Yellow Cab—*

%
11

10

Elec Corp com—1

Chrysler Corp
5
Cin Un Stk Yds—*
City Auto Stamp
*
City Ice & Fuel
*
6%% cum pf—100
City Savings Bank
of Budapest Am sh
City & Sub Homes 10
City Stores.
6
Clark Controller—-1

Corning Glass Wk 10

Clark

(D L) Co

k Last sale,




n

Nominal,

5%

"7"
1

7%
19%
2%

100

53
15

37

111

57"
18

11%
98

21%

30

98

55%
2%
42%

*

50c

2%

5

__1
12 X

Harvester. 1
2

Paper Prod 1

2%

conv

pref. .50

60%

5S*
5*
3

3%

1

Devoe & Reynolds—
Class A (non-vot)*

27%

Common B_.

29

*

Canadian price,

l

6

._

»

Mfg
l
Discount Corp (NY)
Distillers Co Ltd_£l
Distillers GorpSeagrams Ltd
»
6% pref w w__ 100
Distillers Liquors..
Divco-Twin Truck.

x

Ex-dividend.

* Without par value.

I
1

10

12%
16

1st preferred. .100 k 113
2d preferred-.100
Emerson Drug. .2%
B

-.2%

M

__4

3%

Empire Sheet &

36
June

1

34

"2%
2

*

6

Endicott-Johnson. 50
5% preferred--100
Equit Office Bldg..*
Esquire-Coronet— 1
Eureka Pipe Line. 50
_

Eureka Vac Clean. 5
Evans Products
5
Ever Plastics Corp-1

3%
18

7%
36

103

22^
3%
5%
1%
12%

24%

Ex-Cell-0 Corp—3

13%

Exch Buffet Corp..*
Faber Coe & Gregg.*

37

Fafnir Bearing--. 25

'80

69%
3%
3%

Fair (The)

Chicago *
7% preferred-.100

Fairbanks
.

'

Ely Walker D G—25

Class

Class A__
Dixon (J) Cruc.,100

t New stock,

3%

_*

Emerson Elec

x

Common

13%

r

Common
Electrolux Corp

18%
1
5% Elgin N Watch—15

Dixie-Vortex Co-

......

*

1

38

Electrographic Corp

Associates
Emsco Derrick

2%

35

2%

25%

65

14*
2l*

Electric Products..*
Elec Shovel Coal...*
Partic pref__
*

Diamond Match

24

2%

6% preferred.. 100
8% preferred.. 100
Household
Util Corp
-...5
Elec & Musical

Tinplate
»
Employers' Group

61

5

Electric

Elk Horn Coal_.

Steel Prod-*

Detroit Sulphite. .10
Detrola Ri.dio &

102

5%

1%

"%

w

Mich Stove 1

100

Warrants

40%

-_._1

Elec Stor Battery
*
Elec Vacuum Clean*
Electrol Inc vtc —1

1

Di Noc

Coty Inc

5% preferred
50
Educational Pictures

12%

4

15

10%

Common
*
Dexter Co com-.-.5

21

18-.

13

2

4%

6

if*

.*

Dewey&Almy Chem

54

2%

r

4
Economy Groc Sts.*

Indus Am shs

7 % preferred- -100
Coronet Phosph.100

May 14

Mach com..
*
Class B
—...*
Eaton Mfg Co

3

June

it*
161

Elec Ferries com.._*

103

$6 conv A pref--*
Cosden Petroleum _1

144%

Preferred
100
Eitlngon Schild
*
Electrical Steam
Sterilizer
..1
Electric Auto-Lite.5
Electric Boat
3

20"

104

Rey'ds.*

Eastern Sugar Assoc
Common
—1
Preferred
1
Eastman Kodak
*

Eisler Elec Corp
1
Eisemann Magneto *

90

3
98

&

3%

it*

5

4

J*

*

6

8%

3%

9Ps

Warrants

6% part pref—.25
Diamond Shoe..
* k
6%% pf (ww) 100
Diamond T Motor 2
Dictaphone Corp..*
Preferred
100
Dictograph Prod—2

Oorroon

Preferred
Eastern Roll Mill

Common

7% preferred--100
8% preferred—100
Dentists' (The)
Supply com
10
Derby O & Ref com *

2d preferred-—100
Devonian Oil
10

65c

r

East Mall'ble Iron25
Eastern Mfg com..*

10

Television

*

Edison Bros Stores—

1

Detroit
Detroit
Detroit
Detroit

25c

10

Common

6%-preferred
20
Detroit Gray Iron &
38

pref.20

_

*

com

14*
9*

1

conv

Eddy Paper

lo

Foundry

4

7

6% preferred.-100
Easy Washing

Axle Corp com
1
Det Gasket & Mfg—

77

20*

Steamship. *
$2 conv pref.
*

15

Detroit Aircraft
Detroit Compensat'g

1%

10%

Eastern Air Lines. 1
Eastern Footwear _1

22

35

10%

114%

Eastern

Preferred
100
Corn Prod Refg..25

*

Clark Equip Co
*
Preferred-100

1

$2 partic pref
*
Davega Sts Corp. .6
5% conv pref. .25

2%
1%

13

*

100

Chickasha Cot 0.10
Childs Co com
*
Preferred
Chilton Co

35"

Common

10%

$4 preferred
*
Cooper Bessemer-.1
$3 prior' pref
*
Oopperweld Steel-10
Cornell-Dubilier

Chic

Dardelet Thr'dlock *

Preferred

~2~~

Special preferred.*

17

7%

Class A

2%

*
100

Cook P't & Vara

Conv

34%

De Mets Inc pref—*
Dennlson Mfg—

1%
3%

92%
134

*

com

East Boston Co
East Dairies Ltd

63

Dejay Stores
1
Del Rayon A com. 15
Preferred
100
Delta Electric..2.50

8

20

Oil

$1.50

Dailey Corp
1
Darby Petroleum..5
Daro Corp 8 % pf 100

Gilbert Corp

8

Dwight Mfg
15
Eagle (C K) pref 100
Eagle Lock
25
Eason

*

com

T%
100

6% preferred.. 100
Duro-Test Corp
1
Duval Texas Sulph_*

ill

7% preferred—.20

Converse Rubber..*
Preferred
33

2.60 prior pref..*
§3 conv pref
*
Chic Ry

.10
10

5*

Deisel-W emmer

55
16

com.

Preferred

Hammer

2

37%

Cushman's Sons—

Deere & Co

Cont Screw

9%

*

$7 preferred
*
Ourtiss Wright. Corpl
Class A
1

Preferred

56%

24%
%
5%

104%

Curtis Publish

40
June

Deep Rock Oil
& Ref 7% pf—100

74

24

6

13%

*

6 % % prefeiTed 100 k
Curtis Lighting.—*

Class A

Oont'l Oil (Del)—6
Oont'l Oil (Mex)
"
Oont'l Roll & Steel
Preferred
-100

100
6

Class B

Decker(A)& Cohn 10

Continental Mot—1

Preferred

Ouneo Press

17

Duquesne BrewingDurham Hosiery—

8% preferred—10
Cunningham Drug
Stores com
2 %

7*0*

Chic Elec Mfg A—*
Chicago Flex Shaft 6
Chic June Rys & Un

Chic Mail Order

6 Co common

Dayton Rubber Mfg
Common.,..
*

6%

Chicago Nipple
Chic Pneu Tool

D la til

4%
1%

6% n-v deb
100
$4.50 cum pref__*

100
1

49

6

180

*

Davison Chemical. 1
Warrants

7
14

Cont Diam'd Fibre.6

100

Cummins

7

12*

(R G)—
Bradstreet Corp.*

5% Preferred .100
Cudahy Pack
50
Preferred

13%

*

$6 preferred
_*
Dunhill lnternat'1.1
Duplan Silk
*
8% cum pref..100
DuPont (EI) deN

10

Tobacco

B

Dun

*

Davenport Hos'y..*

._*

com

10'

Darling Stores Corp

109%

Stk Yds

Class

7% cum pref.. 100
$8 cum pref
*

67

8% preferred--100
Continental Can..20
$4 50 preferred—*

Preferred

11

Cuban

14

$5 cum div pref-*
Consol Retail Sts—1
8 % preferred- .100
Consol Royal Oil. 10

10

Cen Violetta Sug.19

108

Dryden Paper
*
Duoilier Condenser *
Duff-Norton
*

Cutler

Cons Mach Tool uts.

1

Central Paper..

part conv n-c A-*

Common

16

3

Mfg

Dri Steam Valve..5
Driver Harris Co 100
Preferred
100

7% preferred.. 100
Cuban Atl Sugar—

51%
7%
16%

114%

Crown Zellerbach-_5

Cuban-Am Sue—10

3%

i*

Preferred
Dresser (S R)

100
*
100

.

Drug

Crown Drug com..*
Preferred
50

Cuba Co

1%
4%
11%
4%

4%
9%
40%

com

5 % preferred.
Dow

Cuban Am Mangan 2

22

10%

Stores—*

Dow Chem

(Md)_5

78

3

*

Petroleum

Crown Cork Int A.*

93%
105

18%

Douglas Aircraft
*
Douglas (W L) Shoe
Conv prior pref

18

16

70

Consolidated Oil

Dominion

27

Doubleday Doran.*

$5 conv pref
*
Crucible Steel—100
7% preferred-. 100
Crystal Oil Ref
*
Preferred-.
10

6

part pf—*
6

7%

143%

100

85

900

preferred.100

cum

Cons Laundries

Cent Foundry com
6 % preferred- _ 100
Cent Ohio St Prod-1

25%

Preferred
100
Dominion Steel &
Coal B
-25

$2.25 pref w w__*
Preferred x-w—*

Cons Film Indus.. 1

*

preference.*
Dominion Bdge.100
Dominican Coal pf 25
Dominion Glass. 100

Crown O'k & Seal.*

12

Pub--*

Finance—

Cum

1
Crosley Radio
*
Orowell Publish'g-.*

118

83

16%

6%% pref....100
Domestic

Croft Brewing

Preferred

34

5

com

Consol Biscuit

21

Dold (Jacob) Pkg—

Crowley Milner—*
Prior Preferred. 50
Crown Central

28

12%

Oongoleum-Nairn. *
Congress Cigar
*
Consol Aircraft
1
$3 conv pref
*

Celluloid

Per share
8

29%
8%
12%

12

5

Creole Petrol

13

38

1

t c ext

Conde Nast

Celotex Co com—»

Associates

v

Jan

Cream of Wheat
Stocks trust ctfs.*

16

Compressed Indus

Mach

Amdeprcts ord£l k

9

15

15%
15%

Columbia O & G
Columbia Pictures—

Bid

Par

Dobeckmun Co coml

Oourtaulds Ltd

Wagon Co
$1.50 conv cl A.20
Cramp (W) & SnslOO
Crane Co com
25
5% conv pf
100 x
Creamery Package.*

Development

Ordinary snares..
6% conv pref

Can Locomotive—*

Carey

5% preferred. .100
Collins Co

100%

Stocks

Covered

common..*

Collins & Aikman.. *

^

Apr.1*

Colgate-Palmolive-

r

Ask

Crocker-Wheeler _.*

Clinchfield Coal.100
Preferred
100
Olorex Chemical
*
Clover Val'y Lumber

Cluett

1%
3

Coca-Cola Bottling

15%

1

Dock

(Philip)
6% preferred

—*

Cliffs Corp v t c
Climax Molyb¬

Peet

Airways
Canadian Dredge

4

com

Clev Un Stk Yds..*
Cleve Worsted Mills

11

Canadian Colonial

6

Mach

1

50

11%

Bid

Par

share

Hobbing

Preferred A
Club Aluminum
Utensil com

r

Canadian Car & Fy ♦
Preferred
26

Bronze com

Common

r

.100

Preferred

1

Clayton & Lambert *
Cleveland Graphite

Calif Pack Corp—*
6% preferred—50

Estates com

Stocks

Ask

Per share

15

%

Oabie El Pr v t c_
Oalamba Sugar

Bid

iS*
30
35

Co

Fairbanks

Morse

45*

25

8% preferred. 100
*

6% preferred—100

4

19%
50%

10%
31%
10

12%

industrial

June, 1938]

Quotations for all securities

Stocks

I

Ask

Bid

Par

are as near as

Stocks

Ask

Bid

Par

35*

35*

Gen Fire Exting—*

A

225*

Faiardo Sugar
20
Falstaff Brewery. _1

22
8

9

6% conv pref....1
Famous Players
Can Corp com..] r

85c

95c

V t

r

c common

22
18

Fedders Mfg
Federal Bake

17

165*

*

Common

4

165
5

6

17

Preferred
30
Federal Compress
& Warehouse. .25
Federal Match units
Federal Motor Tr__»
Fed Screw Works..*

Hamilton

21

55*

6%

31
2
2

Federated Dept Sts *
67

45* % preferred 100
Feltman & Curme
Preferred
_.»
Ferro Enamel

preferred. .100

Potter

Preferred
General Print Ink—

155*

1

Hartman Tob
Harvard Brew

1

1

Haskelite

5

3-1/

20

Gen Theat Equlpt—

174

180

New common—*

6% pref ser A. 100

80

5*e
18

Gen Time

26*

255*

*

Fish roan (M H)__

|5 preferred.. 100

Corp.!

$6 preferred--.100
FltzSlmons &Connell
D & D com--...*
Fla Portld Oem u t s.

Florence Stove
Florsheim Shoe com*

Flour Mills of Am.

_

*
*

Follansbee Bros—*

100

Preferred

6% cum pref A 100
Genessee Brew A-.l

"45*

$7 preferred

Class B com

Georgian (The) Inc *
5
45*
8% class A pref_20
675* May 25 Giant Portland—
Cement com
50
55*
Preferred—...50
13
Gibson Art
— *
23
Gilbert (AC)
♦
20
17
Preferred
*
20
15
Gidding8 & Lewis—2
5c
Gilbert-Varker
1
5
Gilchrist Co
*
175
Gillette Saf Razor.*
15
$5 conv pref
*
7
8* Gilmer (L H)
5

Hayes Body
Haytian Corp of

"15*

Follansbee Steel—

Gimbel Bros
4

New

23

25

915*

92

Glen Alden

15*
35*
65*

25*
45*
65*

Am dep rets ord-_
Ford Mot of Can 100
Class A.....
*
Class B
*
—

35*

45*

Godchaux

16

165*

Class A

*

295*

Class B

n

*

11*
i!

Preferred--..---*

Ford Motor France
Am dep rets

Fort Pitt Brewing-1

Wheeler.-10
$7f conv pref
*
Foundation Co—-.1
Foreign?shs A—»

Foster

Foundation Co
of Canada
*
Four Wheel Drive.10
Fox Film class A—.*
Fox (Peter) Brew—6
F-R Publishing
*
Francisco Sugar—*

Franklin Process...*

tie*

7§l*

135*
59

"25*
25*

35*
35*

10
6

11

195*
95*

21

16

19

55*

25*
165*

105*
3

185*

3

4

Franklin Ry Sup--*

18

23

Freeport Sulphur.10
French Investing. .*
Preferred
.100
Froedtert Grain &
Malt common—1
Preferred
15
Fruehauf Trailer. .1
Fruit of the Loom

24

25

Franklin

Sugar

Rayon—1

2*
65*
145*
6

6*
65*

Units

Herr-Hall-Marv

14

65*

115*
355*

Brewing com
1
Fuller Brush com. .5

100
Fuller (G A) Co—
Common
.—.1

41c

95

n|5*
14

8

15

21

27

34

15*
15*
25*

2

165*

I*

66

11*

92*

93*

$3 conv pref—20
Garlock Packing...*
Gar Wood Indust—3

455*
305*
45*

52

325*

GreenfId

Garylod Container. 6
5 5* conv pref. .50
Gen Acceptrce Corp
Class A.-....--5

14

it*

Conv

13

10
17

preferred .20

*
Preferred—...10
Gen'l Amer Oil of
Texas common..6
General American

Transportation
5
Baking—5
$8 1st pref
*
General Box Corp.l
.

25*
25*

_

General Bronze

General Cable
Class A

75*

3

7% preferred—100

195*
1125*

Gen Crude Oil. .2 5*
General Electric—*

General

Elec

3
8

165*
555*

2?*
113

5 5* %

Group No. 1 Oil-.-*
Group No. 2 Oil
1
Gruen Watch
1
Preferred
25
Grumman Aircraft
Engineering com 1
Guantanamo Sug..*
8% preferred.. 100
Guardian Coal &
Oil
—25*
Gulfboard Oil
1
Gulf Oil Corp
25
Gypsum Lime
6 Alabaster Ltd.*

Hajoca Corp..
Preferred

4

305*

31

165*

£1

85*
85*

Hale

1650^
5^
15

"25*
335*

*
-.100

&

Kilburn—

100

Preferred

k Last sale,

n

Nominal,

r

Canadian price,

*

16

59

Int Text Book

.*

25*

k

1.05

205*

21

Interstate Dept St's*

65

75

Equipment
5

"

bl

7 y.

*

10

*

*

7% preferred. .100

Apr"

1

.

75*

Interstate Home—

25

32

.1

Interstate Hosiery.*
Intertype Corp
•
8% 1st pref...100
Iron Fireman vtc..*
Irving Air Chute... 1
Irving (John) Shoe.l
Preferred w w. .25
Jacobs (F L) Co
1

3

35*

88
117

10M
13""

12

85*
2

851

3;
12]

11

2

2}

10

Mills com
Preferred

...

Ja*"Vi8 (W B) Co...l
Jeannette Glass

*

Jefferson Electric..*
Jefferson Lake Oil 5*

Preferred
Jenkins Bros

00

10
25

12

82

86

11

1151

15*
17

129i

185*

1255*

Jewel

Tea

*

Johns-Manvllle
_*
7% preferred..100
Johnson Oil Ref
*
4
Johnson Tin Foil
55*
& Metal
100

107

May 18

Jonas&Naumb'g25*

19^

25*

iiH
8*

73

Hard't(NY).*

.

Jantzen Knitting

129*

100

3

551
15
52

63

12951
451

70

15*

15*

225*
52

245*
525*

35

37

Jones & Laughlln

Steel

185*
05/

common.

100

7 % preferred. .100
Joslyn Mfg & Supp.5
Julian & Kokenge—*

Kahler Corp
Kalamazoo Stove &

57
95

6% preferred..100
Houston Oil Field
Material com
1

Furnace com... 10

21

120"
135*

15

Kane Carburetor...

215*

2

KG Stk Yds Me. 100

49

52

Preferred.....100

8

$1.50 conv pref.20

80

85

Houston Oil (Tex)—
Vot tr ctfs
25

Katz Drug com

Howe Scale com—*

Kaufman

Kaynee

10

55*

1
St's

35*

4

125*
25*

15

Preferred

65

75

105*

115*

655*

95

10

100

Kayser (Jul) & Co_6

58

25*

12.50

Dept

Common

1st preferred.. 100
Hub bell (Harvey) .6
Hudson Mot Car..*
Humble Oil & Ref__ *
Hummel-Ross Fibre
Common
5
Hunter Steel com..*

t

.

Int Vitamin Corp
*
Interstate Bakeries*

1Q5

t New stock,

70
7

30

9

*

6% preferred.—20
Hupp Motor---—1
Hussmann-Ligonier »
Huylers Inc—
Common
1
7% pref unstpdIOO
7% prefstmpd 100

3

100
1

55

27
91/

3

Keith-Albee-Orph—

45*

7% conv pre^ 100

iu

Keith (Geo O) Co—
7% preferred.. 100

7

94
14

10

U

5i

185*

Without par value,




*

preferred. 10

Groc Store Prod_25c

Ltd—

Am dep rets reg
*

V

40
8

7% preferred--100
Gen Candy A
5
Gen Cigar common

95c

85c

i

75*
130

123

6
*
*

35*
36

34

General

15*
45*

"35*

35*

7% preferred. .100

10

5% preferred.. 100
Houdaiiie-Hershey
Class A
*
Ol&SS R
^
Household' Finance
Common
*

Corp—

255*

255*

.»

23

*

Horn

T'p & Die*

Common

20

Gen Alloys Co

425*

Horn (A C) com....*
Prior preferred. .5

Great Nor

29

245*

13

83

conv

Preferred

28

65* % preferred.

Hooven & Allison .100
Horder's Inc com..*
Hormel & Co com..*

119

65*
255*
25*

13

Chemical com.100
Preferred
100

Great Lakes SS

Greyhound

Internat Prod
Internat Pulp

Hooker Electro

$6 preferred. .100
$1.50 preferred..*
Green (H L) Co—1

100

2t^:

36

Holly Sug Co
*
7% preferred-.100
Holt (H) & Co A..*

Great Lakes Dredge
6 Dock com..—*

65*

28

Holophane Co

385*

135

'

.15

20*

$5 conv pref

*
Pap—25
Great West Sugar..*
7 % preferred . _ 10()

*

Non vot com
Preferred

Apr. 2
415*

Internat Shoe.....*
Internat Silver. .100

Hollander (A)& Son 5
Holland Furnace. .1

$1.80 prior pref..*
Gray Telephone Pay
Station com
10
Gt Atl & Pac Tea

com.

6
41

1325*

Coupon shares. _*
Registered shs
*

17

Preferred

25*

*

7% preferred.. 100

24

...

55
3

£1

16

preferred. .5

Common

...

Internat Radio
Int Safety Razor B_*
Internat Salt
*

1

pref. .100
Co A..* i
*
Hoe (R) class A..10
Prior pref
65
7% preferred—21

54

Match

Preferred

75*

5

$5

152

32

Spencer
Bart & Co com.25
Hilton-Davis
Chem

Hires (O E)
Class B

Power

5

148

Internat Petroleum

6

.......

495*

New 6% pref.. 100
Warrants

3

Common

18
19

495*

7% cum pref.. 100
International Paper

95

„

Preferred

Raps Vara.*
Grand Union ctfs—1
$3 cum conv pf— *
Granite City St'l..*
Grant (W T) com. 10
5% preferred—20
Graton & Knight. _*
Preferred
100

115*

51

96

18

*

Industries cl A__» k
Int Nickel (Can)..*

Hibbard

Grand Nat Films.. 1
Grand Rapids Brass 1
Preferred
5

95*

Gardner-Denver—*

ii*

i

5

$15*

irA

Co.

1

Hinde & Dauch.._10

Houston*
.—*
$6 conv pref
*
Gannett Co Inc—
$6 conv pref
*

Galveston
Gamewell

100

Common

Graham-Paige Mot 1

1

*

215*
143

*

Int Mercan Mar..
Internat'l Metal

&

25!

20

140

7% preferred.. 100

Hiawatha Oil & Gas

Silk

10

12

5*
105*
465*
1285*

25

Common

(H

com_l
$3 Preferred
10
Gallager&BurtonA 1

Gair (Robert)

65*

Heywood-Wakefield

*
Preferred—.—50
Gorham Inc com A_*
$3 pref with war.*
Gorham Mfg v t c_*
Gotham

50c

100

Hershey Creamery.*
Preferred
100
Hershey Chocolate.*
$4 conv pref
*
Hewitt Rubber
6
Heyden Chemical. 10

30
62

Canada..

Gossard

265*
150

25*.

I*

Mach..10

Realization.

112

Powder._*

6 % preferred __

Grand

36c

$3 convertible—*
4% conv pref-100
Fuller Mfg com
1
Gabriel Co cl A—*

*
$5 conv pref....*
Goodyear T & R of
Rubber com

Hercules

Sewing

Int Cigar Mach
Int Harvester

International

-.1

615*
185*
82

25*

Int Business Mach.*
Internat Button Hole

8

"8

Hercules Motors

Hosiery com
*
7% preferred--100
15

Fuhrman & Schmidt

Preferred

1
Golconda Petrol—..
Goldblatt Bros
*
Preferred
50
Goodall Worsted-50
Good Humor Corp 1
Goodrich (B F)
*
$5 preferred
*
Goodyear Tire &
Goebel Brewing

45*

24

Royalties

17

80

100

Agricultural..*
7% prior pref. 100

55*

138

61

Int.

65*

73**

70

Intercont Rubber.. *
Interlake Iron
*

41/

61,

Preferred xw
25
G W)
25
7% non-cumpflOO
Helvetia Oil
1
Hendey Mach — *
Hendrick Ranch '

*

1

6 % preferred

A*

w__25

w

8

155*

145*

1355*

13

Helme

(Adolf) Co—1

Gobel

16

23

*

Preferred

Globe Wernicke—*

Preferred

ii*

*
(W E) com_2

Heller

m

1

6

100

Inland Steel
*
Interchemical Corp *

7« t*

Motor

A

10

1
Industrial Rayon..*

$3 pref

Harvester.*
Coal—*
Glidden Co
•--*
45* % conv pref 60
Globe Knitting-.2 5*

Ford Motor Ltd—

22

Parts Corp com_3
Helena Rub'stein..*

Gleaner

45*8 conv pref. 100
Bros Gear &
Mach com......5
Preferred
100
Foote Burt com—*
Foote

45*

5

7 % class A pref.25
Hecker Prod v t c__*
Heileman Brewing.l

*

$6 preferred

Food Machinery. .10

155*

Class

25*

35

10

Ingersoll Rand
*
6% preferred.. 100

6% conv pref..50
Hearst Consol Pub—

*

15*
15*

Industrial Silica...*

765*

Hein-Werner

45*
5*
5*

'

Indus Machine

31/
30

Hazeltine Corp
*
Hearns Dept Stores

%

8
6

4

100

Preferred

Hazel-Atlas Glass_25

Common

65*
45*

2d preferred

*
2

5*
19

15

Indus Finance vtc 10

*

America

*

1st pref

37""

1

Common

8

5*

Indus Brown Hoist—

3

$7 conv pref....*
Hawley Pulp & Pap

33

5

.

5

Cum pref.

35/
75

*

Class B

....

Preferred
Fobs Oil

Instru-.*

b

Flintkote Co com..*

1

Class B n-v

90

$7 preferred..100
Fisk Rubber

65*% prefw w 100
Hathaway Bak A__*

98
10

60

5'

Hat Corp class A..1

6 %preferred. .100
Gen Tire & Rub— 5

83

y

105*
15 5*

*

$6 conv pref

Mfg

\\z

17"

17)

■

25*

10

$3 pref

Refractories. _*
Gen Steel Casting—
Common
*

14
15

33

16

Indiana Limestone. 1
indiana Pipe Line 50
Indian Refining._10
Indiana Steel Prod.l
Indian Terr Ilium
Oil non-vot A
.*
CHss B
*
Indus Accep Corp

88/

70

Gen

32

Common.

175

13

14

Indiana Gas & Chem

5
44

...10

Preferred

_____

Apr. 28
165*
165*

135*

. _

Preferred.

100
10

6th Ave Coach.__25
Filene's (Wm) Sons
Finance Co of Pa
Firestone Tire & Rub
Common
10
First Nat Stores

0A
y.

Hart & Cooley
25
Hartf'd Rayon vtc.l

12

w*

132

*

Corp

*
*
6% preferred- -100

Fiat Am dep rets.
Fidelio Brewery—.1

5*

iqi/

Gen Rayon A stk—
Gen Ry Signal.

_

35

88

100

com

$5 preferred
Harnischfeger

8

of Canada com..6
Imperial Tobacco
of Gr Brit & Irel'd
Am
dep rets ord £1
Independent Pneum
Tool
*
Indian Motocycie
*

20

6% preferred.. 100
Harrisburg Steel
5
Harris Seybold

*

6

20c

165*
165*

Imperial Tobacco

514
35

*
*

Refractories com *

Plastics—-*

Gen

108

Harbison-W alker

$6 preferred—-.*

20
15

F G Trading Corp
Preferred
.1

6%

pref. .100

cum

5

15c

£1 k

Indus rets

23"

22

Imperial Oil Ltd.x
Registered shares.

20

(M A)
$5 cum-pref

—

Class A

14

10

Hanna

Optical pref - _ *
Adv't'

Common

25*
25*
2 5*
165*
72 X

Illinois Brick
10
Imco Partic Ltd
1
Imperial Chemical

go u

Preferred

106

65*s coov pref—*
Ideal Cement..-.10

7

Hammond Instruml

6% cum pref--100
General Motors. .10
5% preferred
*
Gen

914

Paper

Common

15*
185*

Hygrade Food Prod5
Hygrade Sylvan—*

Mfg—

Hammermill

Gen Outdoor

2

Per share

034

$6 preferred. ..100

Ask

Bid

Par

_

2 y,

Cl A pref part. .10
Hamilton Watch..*

Corp—*
$4.50 preferred..*
Gen Household Util
Common
*
Gen Machinery—*
45* % preferredlOO
General Mills
*

Gen Foods

180

4

5
Shops*

Fireproofing-. *

Gen

7% preferred-.100

Fanny Farmer Candy
Fansteel Metallurg
Farnsworth Tele vis*

Hall Lamp com
*
Hall (W F) Print'g 10
Haloid Co..
5

Gen Finance Corp.l

of issue

Stocks

Ask
share

Per share

Fairchild Aviation. 1
Fairchlld Eng & Alrl

87

stocks

miscellaneous

Bid

Par

Stocks

&

possible for the closing day o ithe month preceding the date

Ex-dividend.

12

55*|

Keller Dorian Color
Film
20
Kelly Springf'ld Tire
Common

18

....

H

5*

15*

15*

88

INDUSTRIAL
Quotations for all securities

Stocks

Par

Bid

Ask

Kellogg Co
KelloggSwltch & S .*
6% conv pref. 100
Kelsey-Hayes Wheel
Conv class A

Class

Co com...*
S6 part pref A
*

Kendall Refining.10
Kennedy's Inc
5
$1.25 conv pref..*

Ludlow Valve

Ken-Rad Tube &

Ludlum Steel
Lukens Steel

_*

Keystone Steel &
Wire common

Keystone

Watch

Case
16 2-3
Kimberly-Clark
*
Kingsbury Brew
1
King Seeley com__l
Kingston Products. 1
Kinney (G R) Inc-.l
$5 prior pref
*
$8 preferred
*
Kirby Lumber
100
Kirby Petrol
1
Klein (DE) Co
♦

100
x

134
ii 8
2

50
Lanston Monotype
Machine Co.. 100
LaSalle Ext Univ. .5
Lautaro Nitrate A.l
30

dement...... 100
Leath & Co com
*

*

Leh Portl Cement.25

4% conv pref. 100
Lehigb Vallev Coal *

"3

6% cum conv pf 50
Lehigh & Wilkes-

2%

Lehn & Fink Prod-5
Leland Electric
*
Leonard Oil Devel 25
Lerner Stores
*

Mock Judson &

Preferred
100
Modine Mfg com..*
Molybdenum < 'orp 1
Monarch Mach T'l *

6

1.75
15
r

2.05
16
3

234
334
134

r

•30
90

5

134

Parry Corp *

Masonite Corp
*
5% A conv pf.100
*

100

.

334

4%

15

6%
134
21 y8
234

2734
97

"7"

10

7

Le Tourneau (R G)1
Ley (Fred T) & Co
Libbey-Owens-Ford *

If 34

25^

2134
234
2834

6

634

1

145

3234
19

1734

52

Apr

pref. 100

42

50

934
1034
9534
634
134
7
68

.10

834
234
8

80

Preferred
100
Lib McNeil & Lib.*
Life Savers Corp. - 5

Lig & Myers Too .25

70
27

33

13

1334

Refg
*
Upton (Thomas J)—
....1

6% preferred
Liquid Carbonic
Brothers

25
*
*

Preferred
100
Loblaw Groc Ltd A*
Class B

*

Locke Steel Chain.5
Lockheed Air Craft 1
Locomotive Firebox*
Loew's Inc
*

$6.50 cumpref..*
Loew's Bos Tbea.25
Loft Inc
*
Lone Star Cement.*

Long Bell Lum A..*
Common....

*

$5 preferred—100
Longwest Corp.... *
Loose Wiles Bis..25
6% preferred. -100
N« par value.




i*

1

39

40

1st pf_50

14

1634

14

2634

70

80

9

7

334
2234

5

2334

11
7

Preferred
100
Merck & Co com._l

87

90

19

21

6% preferred-.100
Mergenth'ler Lino.*
Merrimac Hat.....*

114

.

10

Lion Oil

9534

9

Transportation- *
Merchants Refrig..*

•

•

m

Merchants & Mfrs

$3.50 preferr d._*
Lindsay Lt&Ghem 10

lek
3234
o

634
18

Preferred

50

Merrimac Mfg.. 100
Preferred
..100

12

834

*

634% pref A100 k

19

21~"

10

12

54
7

"9"

23

26

Messer Oil Corp...*

Messenger Oorp

5

Mesabi Iron

234
38

Machine
5
Metal Textile Corp

2%
May 25

65<

"734

28$

30h

Common
1
_25c
Partic pref'ence.15 k
25
Metal & Thermit. _*
83
Preferred
115
100

Apr15*
89

Metrop Playhouse.*
Mexican Eagle Oil.4
Mexico Ohio «Ml...*
Mexican Petrol....1

334
34
34
34

Mich Bumper
..1
Mich Gas
Oil
1
Mich Steel Tube. 2 34

2^
5

'

Preferred

1234
134

20

National Tool

7

TS
a
%

234
534

5

Natomas

Navarro Oil

Nazareth Cement-10
Preferred
100
Nebel (Oscar)..
* k
Preferred
*

A54

Jk*
70

6934
110

2834

82*

28
140

Nat Automotive

32

Common

%
32

2S*
67c

10834
134

634
834
65

1134
2

2034
37
6
4

New

England

4

46
16

%
2034
151

40
107

Nat Dist Prod
*
Nat Enam A
Stpg *
Nat
Fireproofing. .5
Nat Food Products
Class A w w
1

£

7

Nominal.

534

9

7
60

1034

12

50

New Mexico &
*

J8/*

N Y

non-cum

9

1034
2034

30

»

10c

25c

*

N Y Air Brake
N Y Dock

134
2034
234

23

.*

*
»

*

734

Merchandise. 10
Shipbuilding.. 1

N Y

634
534
534

pf

Founders shares.I
7% Pref100

•

N Y Transit
Nicholson File
1900 Class B
N

Noblitt-S parks

42

10
*

27

1

les-Bement-Pond

5
27

*

.5

1334

Noma Elec Corp
1
North Amer Avia__l
North Amer Car
20
$6 preferred
*
North Amer Cement

Common
Class A pref

4

2

734
6%
534
634
5334
434
29
9

ilH
434
834

22^

A%
23

l

1*

1

3

1434
1434

1734
1734

30

43

A
B

11

834

Class B pref
1
North Amer Rayon
Com class A..
»
Com class B
*

5

8

•

1

2

634% preferredlOO

20

25

Nortn Cent Texas_5
No European Oil.. 1

"8

North German Lloyd
Amer shares
North & Judd
25
Nor Paper Mills..10

2

i*

38
2

25
10

"434
10

13

N'west Yeast
Norwalk Tire &

4234

4434

llH

1%
1834
3534

„

Rubber

100

•

7% preferred-..50

1534
6

734
1234
11034
10834
434
334

Norwich Pharm
5
Novadel Agene
*
Noxzema Chem_._l

Nu-Enamel
1
Nunn-Bush Shoe 234
Ogllvie Flour Mills.*
Preferred
100

3334
1934

534

r

r

19

134
34

Canadian price.

6

20

634
12

12

r

I

100

New Idea com
♦
N J Worsted pf__100

60c

n

1134

North Pipe Line..50
N'west Engine..._*

634
634

*
Nat Container (Del) 1
Nat Cylinder Gas.. 1
Nat Dairy Prod
*x

101

56

Class

434
.6%

36

100

7
12

ilH

7
55

Lime

units
*
New Hav Cl com.25

Class

8

,

*

434

1434
90

6% prior pref. .50
No Am Refractories

6

*

1034
11234

Preferred
100
New Bedford Rayon
Class A
25
New Bradford Oil..5
New Britain Mach *
7 % preferred. 100

~5~~

100

7% pref class A100
7 % pref class B100
Nat Dept Stores... *
6% preferred...10

6

New Process Co
Newton Steel
N Y Auction

10

3034
10034

New Niquero SuglOO
Newport Indus
1

28

6434
534

Cord¬

common

634% pref

78

9934
434
634

National Bronze &
Aluminum Fdy..»
National Candy...*
Nat Casket com

Bedford

age

434

1

#*
34

*

_

45

6% preferred-.100
Nat Battery pref..*
Nat Bellas-Hess
1

k Last sale.

634

4*5*

5% preferred..100
New

52

8

334

Newberry (J J) Co—

180

$5

Nat Aviation.....6
Nat Baking com
1

Preferred $7
Nat. Cash Reg

conv

_

40

Nat Acme Co.

6

May 14

Nestle-Le Mur cl A •

£v*
25

..5

1334

J*

IS*
62

27

934

1234

3734

25

234

50

1

141

%»
434
5%
1134

Common
Preferred
25
Myers (FE)& Bros.*
^.achman Springf. .*
Narragansett Rac'g 1

234

36

*

434%

138

8

»

6
4934
1134

34

Nehi Corp com

pfd 100
Nelson (Herman)..5
Neptune Meter A. *
8% preferred.. 100

Muskegon Motor

Nash-Keivinator

*

Arizona Land

100

2234
234
134
734
34
934

Neisner Bros

11434

2834

37%

Spec cl A
Mutual System

»

100

2

35

100

Preferred.

Co

3

234
21

*

5% pref

16

May

Naumkeag Steam

1134

Murray Corp
10
Murray-Ohio Mfg.*
Muskegon Piston
Ring com
2.50
Muskogee Corp.. *

Class B

t Name changed to Fruit of The Loom.

1
Nat Transit...12.50
Nat Union Radio..1

734

4

134
<

74

100

Murphy (G C)

134
5
60

72
23 34

334 Feb. 3
134
2%

pref
*
Muns'ngwear Inc..*

334

67

49

conv

34
2

National Supply—

9

10134

Nat Biscuit
10
7 % preferred.. 100

6

1

Mesta

$7

41

49

2034
434

Drill

Wheel Corp. .5
Mount'n& Gulf Oil 1
Mountain Prod
10
Moxie Co class A
*

14

Nat Steel Car Ltd.*

18

15

Mot

i&
J*

Nat Steel Corp
Nat Sugar Refg

80

90

Mortbon Corp vtc.
Motor Finance
Conv preferred..*
Motor Products
*

34
1

234
2634

»

25

6

94

1334

Machinery, .100
Mtge Bk of Colombia

6

75

89

Fibres com_.___l

Merritt, Chapman &
Scott com

*

3

7034
1434

534

6

434
134

*

Nat Shirt Sh Del..*
$6 preferred. ..100
Nat Standard
10

5
22

3

*

Nat Supply (Pa).. 10
534% pr pref.. 100
$2 10-yr pref...40
Nat Tea common..*

Morris (Philip)
& Co Ltd

Morse Twist

334
19

734

Preferred
..10
Morris Plan Indus
Bank
25
10

1634

11

J*

40c

34

Murphy VarnishlOO

1

~334

Sec Co class A.l

100

82

28

734

*

$2 Partic pref...*
Merchants & Miners

Preferred A

1534

88

2034

Mueller Brass Co..l
Mullins Mfg Corp—
Class B
l

10

.....

25

7 %preferred-. 100
Lily Tulip Cup.— .*
Lima Locom Wks ♦
Lincoln Printing
♦

Moody's Invest Serv
part pref
*
Moore Oorp com..*

1334
534
2834
134
534

55
99

conv

.*
Monumental Radio 1

1334
534

49

5%

Class A__

13

60

Mengel Co

*

1234
7 34

56

*

$4.50 pi ser A. 100
Montgomery Ward

Amer shares
96

McWilllams Dredge*
Mead Corp com
*
$6 preferred serA*
com

Monroe Loan Soc A1
Monsanto Chem__10 x

234
40

*

3

534% pfwi___100
Rights wi

Sts com.l

Mead Johnson
Mellins Food
Melville Shoe

Radiator

Nat Rub Mach
Nat Screen Serv

Cotton

*

13 34

234

7% preferred..100
6% prior pref. 100

57c

cum

conv

Preferred

13

934

Morris Plan com 25c

34
21

12
434

10

434
30c

29

434

*

1234
1234

22

7634
im

Preferred
100
McCord Rad cl A..*
Class B
*
McCrory Stores
1
Conv 6% pref. 100
McGraw Electric. .1
McGraw-Hill Pub.*
McKeesport Tin

10%
1134

—

12

30

100

Nat Service Cos
*
Conv part pref..*

434

Moore (Tom) Dist.l

*

pf w w ._*
pref x-war*
McCahan Sugar
Refining pref. .100
McCall Corp
*
McCol 1-Frontenac

46

Morrell(John) & Co*

*

cum

37

Moore Drop For A.*

163

110

—

8

National Pressure
Cooker com
2
Natl Pump com
*
5 34 % preferred. 10
Nat

29

39
13

*

com

23

.5834

2734

2134

3734

Mercantile Proper..
Mercantile Stores. _*
Preferred
100

Liberty Baking

Lion Match

10

Common

100

*

6%

66

Line Material
*
Link-Belt Co
*
Lionel Corp......10

Preferred

Monroe Chemical-_*

$5.50 pfserB ww*

Preferred

Monogram Pictures 1
Monolith Portl Cem
Common
*

95

Plate

18

70""

50
90

Type—

Common

Voe

$2.50

20

Marion St Shov
*
Preferred
100
Marshall Field & Co*
Mar Tex Oil vtc
1
Common class A.l
Martin (Glen L)
1

32

Common

21

McQuay NorrisMfg*
22y8

100

B

5
1

Class B

15

McLellan

Lessings- Inc

*

10

McKesSon-Robb'ns 5
$3 conv pref
*
McKJnney Mfg...*

Corp.....*
Corp
1

com

..1

20

Oil Co

Preferred
*
Lee Rub & Tire -.5
Lefcnnrt Rlty Corp 1
Conv pref
*

6

Missouri Kansas

34
1034

Preferred

Corp—

434% pref

Mission Oil

12

34
934

Rockwell. .1

$3

10

334

107

Monolith Portland
Midwest pref

$3

Nat Paper <fc

734

834

4% pref ser B
*
__inn Min & Mfg..*
Minneap-Moline
Power Implem *
$6.50 cum pref..*
Mission Corp
*

Mo Portl Oement_25

*

1st $6 pref

"134

634

157
132
3/

*

$7 preferred

36

Maytag Co

6% preferred..100
Lawrence Portland

Lit

2

1H
25

7% preferred-. 100
May Dept Stores. 10
May Hosiery com.*

*

Class A

534
134
%
634

4%

Manufac's Trading 1

Martin

"I

56

Pipe Line A

Math'son Alkali

Cl A unstamped

Common

_

Preferred
Master Electric

Preferred

Le Roi Co

1

5*
*34

1

Massey-Harris

7% pref w W..100
Langendorf United
Bakeries—A stp.*

,

35
9

140
120

Nat Oil Products- _<<_

1

Regulator

Marlin

12 34
110

534 % preferred

1234
1834

1734

10

Steel Castings
*
Nat Mfrs &Stores._*

11
63

preferred..*

Margay Oil Corp..*

Lambert Co
...»
Lanatin Corp
1
Land ere, Frary &
Clark
25
Lane Bryant Inc..*

Barre

5

Preferred
100
Maracaibo Oil Exp. 1
Marathon Paper..25
Preferred
100

Lakey Fdy & Mach 1

Lehman

25

_

90

534
84

1234

6% preferred .100
Nat Lock Washer_20
Nation'1 Malleable &

Minneap-Honeywell

*

Mapes Cons Mfg..*
Maple Leaf Mill.. *

100

Leh Coal & Nav

IF

Miller (I) Sons com *
Pref 63i% — -100

Manning Bowman
110

6

934
59

Supply common.*

3

& Co common

1634

Miller & Hart—

2

$5 conv pref
*
Manh-Dearborn
*
Manhattan Shirt.25
Manischewitz
*

%

Lead
7% pref A

13 34

5%
83

5% preferred.. 100

S*

1

Common

16

Ask

13

*

National

Midwest Piping &

Conv

1034

_

com

*

>

"434

9

27 h

534

8% 1st pref... 100
$2 n-c div shares- *
Mid vale Co

Gas

1st. 7% cumpf. 100
2d non-cumpf_.20

100
6% pref B
100
National Leather. 10
Nat Licorice com 100

234
34

Oil Corp—

Midland

$2 conv pref
*
Midland Steel
Products com.*

Scrip
Mid-West Abras.SOc
Midwest Oil
10

Mangel Stores—

Lago Petroleum
1
Lake of the Woods
Milling
*

Lawbeck

16 34
26

Option warrants.

£1

Class B

*

Bid

Natl Gypsum com.l

lit1

1434

States Pet—

42

334
39

Mandel Bros Inc..*

50

Preferred

28

120

*

Mai lory (PR)
*
Manati Sugar com 1

8% preferred-.100
Kresge (S S) Co-r
Common (vot).lO
Kress (S H,«
*
6% preferred... 10
Kreuger (G) Brew.l
Kroger Grocery &
Baking common.*
Kysor Heater..
1
Laclede Steel

10034

30

119

*

Middle

*

1334
334

Co.

Mid-Cont Petrol.. 10

Class B vtc

13

T

Par

Per share
Nat Fuel

2

*

1

-

Stocks

4'

334

com—1

Class A vtc

20

Preferred

Kolster-Brand Ltd—

Products

13?M

Mahoning Invest 100
Majestic Radio &
Television com__l

__

Koppers Co 6%pfl00
Kresge Dept Stores 1
4% preferred.. 100

16

15

.

Knott Corp
1
Kobacker Stores
♦
Cum pref 7%. 100
Amer shares

9834

*

Ask

034

10

25

24

2

Razor

Preferred

30c

26

MacMillan

Knight (B B & R) pf»

Padding.

IK
22c

MacWhyte Co
*
Macy (R H) Co Inc *
Mad Sq Garden
*
Magazine Repeater

Kleinert Rubber.. 10

Knitted

1534

25

Bid

Mickelberry's Food

137

50

Par

Michigan Sugar...*

100

Macfadden Pub
Preferred
Mack Trucks Inc.

*

STOCKS

Per share

105

Lynch Corp
.5
MacAnd & Forbes 10
6% preferred.. 100
Macfadden Newsp.*

.

Class A

Stocks

*

Preferred

Lamp A
♦
Kerlyn Oil cl A
5
Key Co common..*
Keyes Fibre com. *

Ask

Per share
150
200
100

preferred-.100
Lorillard (P)
10
7 % preferred- .100
Loudon Packing—*
Louisiana Oil Refg.*
6 34 % conv pf .100
Ludlow Mfg Assoc.*

Kendall

MISCELLANEOUS

possible for the closing day of the mouth preceding the date of Issue

Bid

Par

d

1

B

Stocks

Lord & Taylor. .100
1st preferred--100

1

&

are as near as

t New stock.

27

28

June, 1938]

INDUSTRIAL
Quotations for all securities

Stocks

Ask

Bid

Ohio

20

*

125*

*

Preferred

7%

8

*

—

9

9

9 5*

100

100

1015*

Ohio Rubber

110

Ohio Seamless Tube*

7% preferred
Oilstocks

Okonite

13*

♦

Ohio Oil

100

Ltd

4

50

»

85*
100

6% preferred-.100

89

125*

135*

27

1

28

14"

10

20H

Preferred

215*

Ontario Mfg com
*
Oppenhelra Collins.*

15*

*

Conv preferred..*

O'Sullivan Rubber. 1
Otis Elevator..
*
6 % preferred- -100
Otis Steel
*
•

$5.50

conv

Outboard

1st pf.»

26

5*
165*

Pierce

6

275*
15*
175*

75*

75*

Manufacturing

5
*

com

7% preferred-.100

125*

$6 preferred A
*
$5 preference. ...»

A
49

47

45*

5

1st preferred....*

preferred
*
pac Eastern Corn.-l
pacific Finance Corp

35*
135*
4H
3 5*

7

$5

Warrants...

eign Corp class A1
Class

B

1

Pan Amer Match.25
Pan Am Petrol &

Transport...
$50 par B

35*

Pgh Metallurgical 10

55*

105*

*35*

conv

6

95*

1

5*
5*

15*

354

45*

1

100

30

31

84

885*
35*
15*
65*

35*
65*

715*

Potrero Sugar
Pref stamped

5
5

Potter Co

Prairie Oil & Gas_25
Pratt & Lambert..*

145*
155*

14%
20

5% conv 1st pf..5
5% conv 2d pf__50

Pressed

135*
15*
45*

*

*

3

3

Vending

50c
9

1

com

Preferred
-.*
Pender (D)Groc'yA *
Class B

24

*

*

4?*

Penney (J C) Com.*
Penn-Central
lines

1

i»

Penn Coal & Coke 10

35*
165*

Pa-Dixie Cement..*

7 % conv pref A.. *
Penn Electric
Switch class A..10

135*

Penn Federal Corp. *
4 5*% preferred .50
Penn Glass Sand—

$7

conv

Penna

v t

c—*

pref

*

Industries.

Units

115*
105

_

100

Penn-Mex Fuel

2

12

20
-25*
Penn Vy Crude Oil—
Units

Peoples Drug Stores*
6% conv pref. .10
Pepsi-Cola
*
Perfect

Circle

Permutit Co
Pet Milk.-

*

20
Inc——20

Punta Alegre Sugar *
Pure Oil Co

*

5% conv pref
6% preferred.. 100
Purity Bakeries—*
Pyle National Co. 5
Pyrene Mfg
10
Quaker Oats
*
6% preferred-. 100
Quaker State Oil. -10
Rademaker

Chem.l

Radlo-Keith-Orph.*
Railways Corp
1

il*
225*
35*
85*

94o*

6

185*

195*

Q
O

100
100
*

15*

St L Nat Stk Y

2

St L Rocky Mt &
Pacific Co.. 100

10c

18

25*
145*

"35*
165*

90

"15*

15*

5

6

15*
; 2

4

155*

K

5*

:

19

165*
45*

18

20

23

65*
345*
25*

5*

65*
365*
25*
%

125*

13"

68

70

„

70

55*

81

93

"25*
9

185*

315*
85*
17
25*

3254

7% preferred-.100

100
*

7% pref vot
Reda Pump
Red Bans Oil

355*
85*

*

r

A*

50

5

Canadian price,

Schulte Real Estatel
Preferred
100

t

S08S Mfg

"25*
4

85
10

265*
15*
15

285*
15*
155*

645*

66

9

11

90

100

l"

Ex-dividend.

7S

2

12

15*
15*

"35*

common.1

South Bend Lathe

5

12

-1
100

25

Works
South Coast Corp

2

-

325*
165*

25

South Penn Oil

Sug_*
100
-

_

133

35*

10c

90

Exp-_l00
Dairies—

4

*
*

A

Class B

1

35*
5

5%
185*
25*
205*

Royal.-*

S'west Pa P L

....

95*
55*

t New stock,

105*

125*

South'n Pipe Line 10
Sou Webbing Mills. _

25

9

11

preferred—1

Conv

Southland

65

95*

100

"85*

Southeast

Savage Arms—.—*
Savannah Sugar...1

45*
52

70

8 % preferred..

60

25*

88

South Shore Oil &

140

6

85*
205*

Typewriter vtc—*
Smokers Match...*
Smyth Mfg
25
Snider Packing
♦
8ocony Vacuum
15
Solar Mfg Corp
1
Sonotone Corp
1

Class

18

""5*

*

Smith (A O) Corp. 10
Smith & Corona

Southern

18%

1

-19

*

Sloss-Sheff S & O 100

13

15

35*

45*
11

Skelly Oil
15
6% cum pref. .100
Skenandoa Rayon.*
5% preferred..100

"45*

13

5

common

234

*

Common

Development

San-Nap-Pak com.l

185*
25*
15*

28

25*

100
Singer Mfg
10(
Singer Mfg Ltd
£1
Sioux City Stock
Yards com
*
Preferred
*

So Porto Rico

85

90

15

Raytheon Mfg..50c
6% preferred
.5
Real Sl/k Hosiery

&
o
pref—10(
pref.-.100

^rranjtiin;
(Franklin)

Preferred

25*
25*
525* May 12

Savoy Oil
5
Schenley Distillers.5
65*%
100
SchlfrCo com
*

M
15 5*

*

Common

Warrants

17

9

145*

Simon Brewery
1
Simonds Saw & Steel

$6 preferred

5

145*
185*

98.

_

10

*

.-*
Pt
Common
*
Simms Petroleum.10

19

1

*

Preferred

Pub preferred

13

20

—

9

70

Sivyer Steel Casting

45*

8
34

Units

205*

$2.50 preferred_30
_*

Silver Burdette—

13 5*

15

10.

5*6
9

Silex Co

115*
25*

93

.

ralJi*

*

Sirian Lamp com
Preferred

Sangamo Electric.-*

8

15*
18

67

*
100

17

5*

29

Preferred

695*
1095*

Shrevept El Dorado
Stamped
Signode Steel Strap'g

14

100
St Paul Union Stock
Yards com
*

25*

18

25

Hoist

5% pfser AAA 100

Co 7%

Lawrence Flour
Preferred-

99

Simplicity Pattern.]

39

Mills com

10

%

Rights
55*% conv pf_100
Shepard Niles Crane

oimon
Simon

9]

97

St

1385*

11

Simmons Hdw &

"15*
5

*

Pile common

Nominal,

15*

2

Packing
10
Raybemos-Manhat *
Raymond Concrete

n

15*

32

5% preferred
100
6% preferred—100
7% preferred.. 100
St Joseph Stk Yd 100
St Lawrence Corp.*
Preferred
50

40

Simmons Co
6

21

_-_-*

Rath

it Last sale,

"95*

5

Typewriter.*

$2.50 conv pref..*
Ryan Cons Petrol.*
Ryerson & Haynes.l
Safety Car H & L100
Safeway Stores
*

75*
5*
235*

Prior pref
100
Simmons-Boar dman

38

7 % preferred. _ 100
Ruberold Co
*
Russell Mfg— —50
Rustless Ir & Steel-1

111
111

38

15

Preferred

56

Russeks 5th Ave_2 5*

84

60

Petrol Derivatives.*
Petrol Heat & Pr_.*




30

485*
35*

*

(Frank G)*

Common

55

Royal

45*

—

Sher-Wms Can

55*
102

75*

25*
25*
10 5*

*
*
*

Shell Transp & Tr £2
*

&

55

55*

45*

*

Sherw-Williams —25

37

-100
Salt Creek Prod—10
Samson United-.--1
Sanborn Map
.25

Rayomer Inc com. 1
$2 conv pref.._25

Without par value.

*

Preferred

Pet Corp of Am—6
Petrol Conversion. 1

*

53

365*
45*

*

45*

preferred
100
Randau Corp pt A. *

Mills

1

common-

Rossia Int Corp
Royal Dutch Co

2

*

11
90

of N Y ord shares.

100

common

1

35*

55*

15*

Ross Gear & Tool

*
*

com

B

5

1

1185*
5*

Ralston Steel Car

Class

IVA

100

Warrants

59

25*

7% preferred

105*
110

Shell Union Oil...

St Regis Pap com. .5

Product A.

Class 6

9
78

15*

218

5*6

Rainbow Luminous

Penn Rivet Corp
Penn Salt Mfg—60

Penn Sugar
Penn Traffic

com..*

105*
24

$1.20 conv pfd_20

*

Preferred
Pullman

Air¬

Corp

Common

Timber

10

itH

Rose 5 10&25c Store

Propper McCall'm,Old common
*
common

8

6

AO%

117

New

6

Roosevelt Field

465*

46]
215

Prosperity Co B
*
Publication Corp..*
1st preferred.. 100
Original pref-.100
Puget Sound Pulp &

Shawnee Pottery. .1
Sheaffer Pen
.*

*

38"

100

Corp com..*
*

Shattuck

42

Root Petrol Co

I85*

18*

6% preferred.-100

59%

Penick & Ford

A*

Producers Corp. _25c

6

Peerless Weighing &

6

55*

8% preferred.. 100

55*

Peerless

*

Proc & Gamble

5*
50

Peerless Cement

Corp

1

Preferred
Process

100

6% preferred.. 100
Peck, Stow & WilclO

Rockwood & Co

18

Steel Car—

Price Bros & Co

1

6

Rogers Majestic
*
Rogers Peet—
100
Rollins Hosiery
1
Rome Cable Corp.5

Common

Trans

Rochester Button..*
Preferred
100
Rockbestos Prods—
Preferred
100

Roeser & Pendleton *

15

common

1

Robinson(Dwight P)
"7% 1st pref...100

135*

35

Reel

154

42

13

42

375*

Robertson Pap Box.5
Preferred
12

11

345*

Pathe Film Corp—1
7% preferred
*
Pea body Coal B
5

75*

40

pref

$5 conv pref
Sharp & Dohme
$3.50 conv oref

,.*
*

*

conv

&

B

Pressed Metals Am. *

75

85*

Class

5% preferred..100

Parker Pen

8

15*
75*
115*

*

33

6% 1st pref... 100
6% 2d pref....10
Parke, Davis Co—*

15*
65*
115*
405*

Ritter Dental Mfg.*

30

Hall

Sharon Steel Cp

3

*

Prentice

95c

2,

Preferred

1

com

90c

*

125*

15*
■

Shamrock O & G..1

Riley Stoker

Robertson 'HH)„*

65*
11

...♦

52

Bobbins & Myers. .*
Preferred
25

Porto-Ric-Am Tob—
.__*

49

55*
15*
15*

44

Sorrick Corp cl B— 1
Servel Co
1
Seton Leather

15*

A

JZ

Sentry Safety Con.l

Seversky Aircraft-.1

1

100

2

*

27

*

~8~~

*

a«

7*
135*
115*

100

3%
105*

100
100

Glass

100

*

Class B

40

Paramount-Publix 10
Paramount Picturesl

g*

Pocahontas Fuel. 100

Class A

10
50

10

common

Common

175*

.50

Rubber.*

Preferred

25*
105*
5*6

Warrants

7

1

Selby Shoe

Riverside Cement—

7*

*
5

Class A..

5

B

Rice Stlx Dry Gds_*

Preferred

Poor & Co class B._ *

45*

10

7% cum pref. .100
55*% conv pf_100
Reybarn Co Inc
1
Reynolds Metals. .*
o5*% conv pf_100
Reynolds Spring.—1
Reynolds Tob
10

G)

Plough Inc
Plymouth Oil

33

Preferred

29

*

Preferred

105*

Richman Radiator. 1

Plant Reduction

Preferred
Pollack Mfg

7

5

165*
3%

x

*

Segal Lock & Hard¬

85*

9?*
ll*

6*
21

25

conv

Sears, Roebuck
Seeman Bros

Richfield Oil of Calif

16

7% 1st pref—100
125*

...1

Revere Cop & Br. _5
Class A
10

.6*

Pleas't ValWine Col

115*

w„25

1st pref
2d pref

*

(Thos

w

Reo Motor Car

23

20
12

6% preferred-.100

Plant

60
60

pref.. ..*
Seaboard Oil (Del).*
Seagrave Corp
*
$2

20

Repub Port Cem__*
Republic Steel
*
6% conv pref_100
6% prior pf A. 100
Respro Inc com
*

27

Pitts ton Co

13 J*

13

305*
45*

Parmelee

85*

8
22

2

rights

Preferred
Renner Co

55*

55*

Pittsb Term Coal—1

3

Panhandle P & R_.»

Rig

¥
6p

65

Pittsburgh Steel
*
7% preferred.. 100
55* % prior pf.100
5% preferred.. 100

35*

8% conv pref. 100
Pantepec Oil Co
1
Pantex Pressing

Parkersburg

J*

45*

Z6

Parker Rust Prf-25*
Park & Tilford Tnc.l

45*

*
1

108

10

45*

43

pref

lOH

5

4% conv pref. 100
Paramount Motors *

23

Pitts Forgings

2.50
50

Pan-Amer Southern 1

Machine common*
Preferred
..*
Paraffine Co Inc..*

23

20

Ptttsg PI Glass—25

Pairpont Corp..100
Pan Am Airways..5
Pan-American For¬

65*
25*

2

55*

...

*

50

65*

6% preferred-. 100

14

15*

195*
35*

Pitts Screw & Bolt.*

Preferred

Packard Motor

125*
225*

46

Pitts Coke & Iron..*

1.30

Pacific West Oil. .10

32c

5*

Preferred
*
Pitts Coal (Pa).. 100

See Invest trust
Pacific Port Cement
Common

Winterfront.l

Pirelli Co of Ttaly
Am shs 500 lire—

V*

100

Bond warrants

8

Pitney-Bowes Post. *

65*

1

Seiberllng

Rem'tn Rand com.l
B

45*

—

ware com

5

10

$1.50 conv pref.25
Remington Arms..*

5*

22

30" Pittsburgh Brewing *

Pacific Can

2d

\

55*

100

(Illinois)

6

_

50

__*

11

"55*

Pilgrim Explorat—1

26

Ozark Corp
*
Pac Amer Fisheries 5

Pacific Coast Co.. 10

tig

*

pref-100

15

*

Steel pref. 50
*

7%
5*6
65*

5*
15*

1
.

Reliance Si eel

25*

25c
11

Pines

*

Preferred

Pinchin Johnson Ltd

2

011-5*

Common

5

American shares.

Tire 6% pref
*
Owens-Ill Glass. 125*
Oxford Paper com.*

5*
45*
5*
65*

100

6 % preferred-

*
25

Warrants

lH
EH
4

Seaboard Fin Oorp.l
$2 cum pref w w_*

Reliance Elec & Eng

35*

Pierce Oil Corp__.25

Cushion

4

23

Reliable Stores

■

45*

Pillsb F1 Mills com.*

135*
46

3

Steel common

39

65*

Common

20

5*

4*

.

Scranton Lace

Scullin

Reliance Bronze &

3
.

Pierce Petroleum..*

38
115

18

98

*

,

Sts.l

8% preferred. .100

25

Reiter-Foster

50

35*
305*

Corp com—5

conv

3

100

7% 1st pref

Motor

Preferred

8%

Scott Paper
Scovill Mfg

Retail

Schwitzer-Cumm

215*

Reis (Robt) & Co..*

"6~"

Pierce Butler Rad.5

38

32

22

2

Reliance Mfg Co

Pierce Governor

132

127

Car

Schulte

Mills Ltd

9

5

Arrow

18 I

19

Per share

Par

15*

Preferred

"5*

—5

Pkge Corp

45*

Marine &

Outlet Co
Overman

45*
55*

16

*

65*% pref

Bid

Stocks

Regent Knitting

Pictorial Paper

S
Z8

Onondaga Pottery.*

Oshkosh B'Gosh

42

Phillip-Jones Corp.*
7% preferred-.100
Phillips Packing...*
Phillips Petrol
*
Phoenix Hosiery—5
7% preferred-.100
Pick (Albert) com.l

15*
195*

Reece Button HolelO
Reece Fold Mach.10
Reed Prentice com,*
Units...
Reed Roller Bit
*
Reeves (Daniel)

Record com.*
Preferred
100

93

Preferred

185*
25*

Phila

150

Oldetyme Distillers 1
Oliver Farm Equip.*
Warrants
Oneida Ltd coml2

45*

Phelps-Dodge
25
Phila Dairy Prod--*
$4 preferred
*
$6 preferred
.*
Phila Insul Wire—*

9

100

common

65*

Pharis Tire & Rub.l

Phil & Read O & I-*

5

45

15

Ask

Per share

Par

share.

Petrolite Corp Ltd. *
Pfeiffer Brewing—*

Forge &

Machine Corp
Ohio Leather
Ohio Match

Bid

Stock*

Ask

Par

23

89

STOCKS

possible for the closing day of the month preceding the date of Issue

Bid

Stocks

Per share
Ohio Brass B

MISCELLANEOUS

&

are as near as

50

Spalding (AG)&Br_*
7% 1st pref..-100
9parKs-With'gt'n Co
Common..
*
Spear & Co
*
$5.50 preferred
*
Spencer Kellogg
*
Spencer Shoe
*
Sperry Corp v t c._l
Spicer Mfg Co
*
$3 conv pref A...*
Spiegel Inc com
2
$4.50 conv pref--*
Springfield Ice & F—
Square DOo
1
Squibb (E R) & Son*
$6 preferred
*

25*
55*
485*

195*
3

195*
8
35
6
:

50
5

155*
23

101

90

INDUSTRIAL

MISCELLANEOUS

&

STOCKS

Quotation* for all securities are as near as possible for the closing day of the month preceding the date of Issue

Stocks

Bid
Par

Stahl-Meyer com..*
Preferred.
-100
Staler Mfg Co.
10

iH

...

7 % preferred- . 100
$5 preferred.....*
Standard Brands..*
$4.50 cum pref..*
Standard Brew.—*
Stand Cap & Seal—1
Conv

78" 7
7)4
5,

13*

preferred. 10

X
2%
1X

.1

2

$1.60 conv pref .20
Stand Oil (Oal)
*
Stand Oil (Ind)...25
Stand Oil (Kan)..10

12
26

5%
23

132

-|ii
3

#

33)4
19)4

r

65

59

61

12

254
May 10

Products

1

com

k

7

Sterling Brewing..."
Sterling, Inc
Sterling Products. 10
Stern Bros common "
Preferred A
Stetson (J B)._
*
Preferred
25

Stewart-Warner. .5
Stinnes (Hugp) CorpS

27

Stokely Bros......l
Oonv pref
25
^

Stone & Webster.-*
Storkline Furn
10

Strawb'ge & Clothier
6% preferred—100
7% preferred. .100

i*

18
7

Stromberg Carlson.*

„6% preferred-.100

75

85

*

8

New

2)4

8 54

9

5X
2)4

7 % non-cum pf.25

5
4)4

5)4
4)4
30)4

29

8)4
1)4

754

18
70

1

76

2
5

pref *

6

Common
*
$1.50 preferred..*
Twin Coach com._l
Ulen 3c Co com
*

18)4

w*

29

30

654
154

Series A pref—.*
Series B pref—*

7)4
154

154
1?4

!H

1)1

Underw Ell Fisher.*
Unexcelled Mfg. 10
Union Bag & Paper

46

1)4

*

5

54

Union Oil of Calif. 25
Union Premier Food

17)4

18)4

12

9

57)4

Upion Tank Car...*

20

21

Union Twist Drill—5

16

18

United Aircraft
Un Aircraft 3c

5

2554

25)4

Transport warr'ts.

7)4

5)4% prior pref.*
Valspar com
1

Sundstrand

Mach
Tool common
5
Sun oil com.
*

S4 convOil
voline pref.

V*
27H

5

8% preferred—100
*
*

*
Dora Iron Wks*
Van Nor Mach Tool5
Van Raalte Co
5

754 Van

United Air Lines

Transport

5

com 100

„

Vanadium Corp
Van Camp Milk
$4 preferred-

654

7)4

15)4
65

J*

23

32
76
13

9)4
60

2)4
15 X
19

•

6% cum pref.. 100
Sunray Drug...
i
Sunray Oil
1
5)4% conv pf—50
Superheater Co
*
_

_

50

7)4
49

123 H
9

Susquehanna

12)4

Preferred
United Biscuit

7%

2,„

_

Superior Oil..... "i
Superior Portland"
Cement A pref..*
Class B...
»
Superior Steel...l00

Unit Amer Bosch..*
Un Artist Theatre.*

8

?§*
2

33
19

2)4

34
7

35
8

9)4

6
5

Class B

Sutherland Paper. 10
Swan Finch Oil... 15
Sweets Co of Am.50
Sweets' Steel Co—.l
Swift & Co
25
Swift Incernatl
Sylvania Industrial *

15

2)4

2134
5

6,
254

22
6H

w w

x

l

4

4)4

32
5
36

Taylor-Colquitt

24'

_

Co 5

Taylor 3c Fenn_.100
Taylor (K) Dist—.1

4)4

3)4

com.

Technicolor Inc

Telaut'g'ph Corp..
Tennessee

Corp

Tennessee
_

Prod.."
Warrants
"

Term & Trans cornPreferred
Terry St'm Turbine*
Texas

Corporation 25

Texas Gulf Prod.
Texas Gulf
Sulph— ■
Tex Pad Coal 3c
OillO
Texas Pacific Land
Trust old stk
100
.

Ctfs sub shares

Texon Oil & Land..
Thatcher Mfg..
$3.60 conv pref11
Thermoid Co
$3 conv prefll110

3)4

nt5%

26

90

54

Taylor-Wharton
Iron & Steel

Class
Class

6

•21)4
454
454
154

2*

V*

34)4
3

13

United Molasses Ltd
Amer dep rcts_.£l
Unit Paperboard. 10
Preferred
100
Unit Piece Dye com*
Preferred
100

United Screw & Bolt
Class A:
*
Class

B__

Un Shipyards B...1
1

354
29
8

1554
2)4

1154

850

100

U S

8)4
45417)4
5554
3
30

25

6% Preferred. .25
United Specialties. 1
U S Bobbin& Shuttle
Common
..50
Preferred

55

*

Distributing...*
7% conv pref.100
U S Envelope
100
Preferred
100
U S Finishing
*

_

USFoilB
U S Freight—
U S Glass
U S Gypsum
„

1

*
...25
20

7 % preferred. .100

U S Holt Machin'y5

5X%

♦No par value.




A: Last sale,

n

Nominal,

conv

r

pf..50

8*

10)4

6% part pref—100

20
5

454
1)4
1)4
,

2)4

4)4

5

2

654
73

Wagner Baking

58

61)4
23

68

71)4

454

554

3s

4

50

60

54
254

2*

com

18

10

%
854
6554
4254
254

4*

4f«
110

1)4
354
6)4

2)4
4

$3 conv pref.
*
Warren (S D) Co..*
Waukesha Motor. .5

(R C>—*

754

4)4
6

Wilson 3c Co..
.*
$6 preferred
*
Wilson Line
*
Preferred
..100
Willson Products. .1
Wiisonite Corp
1

Wilson-Jones..
*
Winsted Hosiery 100
Winters & O'mpton !
Witherbee Sherman
Preferred
.50
WJR The Goodwill
Station.
..5
Wolverine Portland
Cement com.. .10
Wolverine Tube.—2

Petrol...1

5H
9X
96
12

4)4

p
5

I

*

Willys-Overland
1
6% conv pref..10

60c

2

.1

1)4

18
36H
62
6

1)4

I
67
9

"1)4

4

20

2)4

3)1
40

25
5

22

3

6*
45

3X
6)4

Newspaper
1

Prior pref units
Woodward Iron.. 10
Woolw'th (F W)_10
Woolworth Ltd—
Am dep rects ord.
Worcester Salt-.100

Preferred

100

3

10

15

11)4
42)4

12

\rA
104

4254
15)4
52
109

Worthington Pump
3c Mach...

*

7% pref A——100
6% pref B——100
4)4 % conv prior

13)4

HK

30

49
75

preferred
100
series prior
preferred
100
Wright Aeronaut'l.*

32

37

28)4

30)4

75

86

Wrigley (Wm) Jr..*

Preferred
._...*
Waltham Watch cl B

r/'

35

Williams

Wil-Low Oafet
Conv pref

67

69)4
2)4

*

7% prior pref_100
6 % preferred—100
Walworth Co
*
%
6% preferred— .10
10)4
Ward Baking Corp—
Oom class A....*
21
Oom class B.___*
13
7 % preferred—100
1
854 Warner Bros. Pict—5
$3.85 conv pf...*
Warner Co com...*
Preferred
*
3
Warner-Quinlan Co*
Warren Bros..
5
*
$1 1st preferred.*
45
$3 conv pref
54
*
Warren Fdy 3c Pipe *
Warren (Northam)

54
8)4

37
105

Worts

15

72
9

Machinery pref

Waitt&Bond Inc A *
Class B—
*
Waldorf System._»*
Walgreen Co com..*
4)4 % pref w w 100
Walker (H) Good'm

454
18

.

7

11)4

Prior preferred—*
Will cox & Gibbs..50
Wilcox
(H F)
Oil
3c Gas
5
Wm Oil-O-Mat— ♦

Woodley

*

—

100
48

40c

Wood

1

Wahl Co..

4)4

554
16

5% preferred
10
Wickwire Spencer
Steel common—10
Wieboldt Stores
*

7% preferred-.100
Wood all Indust
2

Preferred
100
Vulcan DetinninglOO
7 % preferred—100
Waco Aircraft
*

28

28

Wood (Alan) Steel

5% preferred—100
VogtMfg—
*
Vulcan Corp com
*

2iH

Profit

Class A
Un Shoe Mach

75
35

754

4

5

5
United Fruit
*
Un Merch & Mfrs_*
United Milk Prod
*
$2 preferred
*

5

28)4

750
8

5

Sharing
25c
10% preferred—10

',554

Pump
*
Preferred
*
Victor Brewing
1
Victor Chemical
5
% Va-Car Chemical..*

$

Va Iron O & O—100

_*

Coal Cos com
Un Eng & Fdy

United

7

Sugar common..5
VIcana Sugar v t c.3
Vick Chemical.
5

Viking

*

B

Vertientes-Camag'y

4!*

32

Dyewood.10
7% preferred.. 100
United Electric

22

17
65

A

United

5)4

x w

Taggart Corp
i
$2.50 Pref...... »
Talcott (James)...9
o X % partic pf_50
Tampax Inc......1
Tastyeast Inc cl A.i

116
45

i.*

24)4

H

15

1354
254

Stores com
10c
$5 preferred
*
Un Drill & Tool-

Warrants
United Drug

12

42

Veeder Root Inc —*
Venezuela Mex OillO
Venezuela Holding.!
Venezuelan Petrol.l

39

9)4

if*

Symington Gould—
Common
Common

United Carbon
*
United-Carr Fast—*
United Chemical
*
$3 part pref
*
United Cigar Stores-

„

23*

pref. 100

1454
11054

Common
1
6% preferred..100
United Gigar-Whelen

10

Silk

Mills class A

conv

3^

100
*

7% 1st pref...100

6

25

Pipe common—25
Whlttall (M J)—

20)4

»

1$

95

100

7% first pref..100

.100

Common

if*
33

Whitlock Coil

*

6

7)4

Foundry
1
Weston El Instru—*
Class A...
_*

White Sew Mach .*
$4conv pref....*
White (SS) Dental 20
White Rk Min SpgsStk trust ctfs
*

7% preferred..100
Corp—

9

254

7

*

7% conv pref.100
6054 Valley Mould & Iron

854
60)4

125

1

Yadsco Sales
Common

129

7% 1st part pf.50
Westland Oil
*
West Michigan Steel

_.

prod—1

Utica Knit Co

49

2)1
18)4
69)4

West'he El & Mf.50

WeyerhaeuserTimber
Wheel Steel Corp _*
6% Preferred.. 100
$5 conv prior pf_*
White Motor
—1

Universal Pictures .1
8% 1st pref...100
Universal Prod
*
Upson Co com. 12)4
Preferred
100
Utah-Idaho Sugar .6
Preferred
-.10
Utah Radio

18)4

*

5% conv pref-.30
Weyenberg Shoe.
I

8% preferred—100

.254

110'"

ke. *

Preferred.

Universal-Cyclops
Steel Corp
Univ Leaf Tob

1)4
17
11

West va co Chlorine.*

Universal Cons OillO

554

■I 13

W Va Coal 3c Coke.*
W Va Pulp Pap..*

♦

4

7

Studebaker Corp..1

*

6% prior pref.100
Universal Corp vtc.l

2

fiSKfMStS

pref

"4)4

3 54

Struthers Wells
Titus ville com.
*
1.25 preferred..*

6)4
3)
21)

conv

United Stove.—..1
United Wall Paper.2

1

1254
59)4

.

88

Conv preferred—*
United Stores A
*

2)4

154

Hirshberg.*
.

StatloP'^y

4)4

Vot tr ctfs

7BH

.100

Westins Air Br

1

$6

254
11)4
28

West Indies Sugar. 1

United Stockyards—
Common

"4""

Western Tablet 3c

*

Preferred
*
U 8 Tobacco new..*

2

Preferred

*

dorp.

!8
188

Western Newspaper
Union common..*

,*

1st preferred.

5

_

Mfg

SRubbRecf—*

U S Sugar

5)4
18)4

Western Dairies
1
$3 preferred
*
Western Grocer. .20
Western Groc Ltd.*

1st pf.100

U S Stores com

'V

105

drift com.....5

7% preferred.. 100

6

Triplex Safe Glass.*
Trojan Oil 3c Gas of
Delaware
——1

A

U

n-cu

61
■

60

$4 convpref
*
Express..1
West Auto Supply—
Common....-.10

6% preferred—50

8%

6)4
18 54

West Air

1

21

Williams

conv

Common. __....*
Preferred
50

U SSmRef3cMin50
7 % preferred.—50
U S Steel Corp
*

1154

35
16

Forging...*

80c div

52

Stores com..... .1
Un St Yds Omaha 100

Strouss

Wentwortn Mfg. 1)4
Preferred
.*
Wesson Oil 3c Snow¬

common

22

3

Screen-.1

Transue &

Union

854

..100
Wellington Oil___.l
Wells Fargo 3c Co.-l

U S Realty & Imp.*
U S Rubber—.10

17)4
2H

30
15

Transamerica Corp 2
Transcontinental
&
West Air Line
5
Trans Lux Daylight
Picture

3

15 54
154
50
11X
20
19

100

Preferred

U S Print & Litho—

53 % May 12

Union Oarb 3c Carb *
53
6

Stroock 3c Co

Stocks, Inc
*fc
Tob Prod Expts
*
Tobacco Secur Ltd—
Am dep rets ord £1
Am dep rets def..
Todd Shipyards
*
TokheimOll
5
Toledo Shipbuild—*
TorringtonCo
*
Towne Securities..*
Preferred
100
Trane Co
—2

Corp common
85
48
5

•

$7 preferred

Per share

Weisbaum Bros
Brower com
..1
Welch G'pe Juice2X

$1.50 conv pref.20

U S Radiator

.

4)4

Part conv3c cl A.*
U S Lines pref
*
TJ S Pipe 3c Fdy. .20
U S Playing Card.10
U S Plywood Corp
Common..
.1
U S Postal Meter—

20th Cent Fox Film

ill
lH

Wayne Pump
...1
Webster Eisenlohr.*

9)4

Tobacco & Allied

2

20)4

Wayne Knit Mills.5

pf_100

cum pr

t

Class

5)4

?)4

38
100

8)4
8)4
7% preferred. .100 k 103 1 Apr. 16
Timken Roll Bear.*
31)4
32)4
Tishman Realty
*
2)4
454

7% preferred-.100
Tung-Sol Lamp
1

30

*

U 8 Leather com..*

U S Ind Alochol

Ask

Bid

Stocks
Par

Timken-Det Axle. 10

>

.

Stix Baer & Fuller. 10

1154

8 )4
97

4)4

Mar. 28

454
3)4
2)4
59)4
1)4

81

Truax-Traer Coal. *
Trunz Pork Stores.*
Truscon Steel
10
Tubize Chatillon-.l

Sterling Aluminum
■

79)4

Transwestern Oil-10
Trico Products
*

4

354
6234

4)4

Ask

Par

7%

92

34

Steel
T

1st preferred—60 k

5% 2d pref....20

97

20

Stein (A) 3c Co com "
Sterchi Bros com..

„

*88
fs*

llH

Preferred A...100

25

42

6

Stand Silica com
1
Stand Steel Spring.5
Stand Tube clB
1
Stanley "Works
25
Starrett (L 8) Co..*

Preferred

'2754

44

5% preferred.. 100
Standard Plastics..1
Standard Products. 1
Standard Screw..20

Starrett Corp—
Common v t c—1
Steel Co of Can
*

2)4
Apr. 22
26)4

II*

Stand Oil (Ky)—10
Stand Oil (Neb).-.25
Stand Oil of N J—25
Stand Oil (Ohio)..25

„

1)4
3)4

30
16 H

3 54
10)4

Bid

Stocks

10

89
11)4

Tilo Roofing com. .1
Time Inc com
*

Dredging

Common

8)4

Tide Water Oil.—*

17
21

20
'

Preferred. ....5
Stand Oom Tob com!

„

101

9854

Thompson-Starrett *
$3 )4 preferred
*
Thompson (J R)- -25
Thompson Prod
*
$5 conv prior pf.*
Tide W Assn Oil..10
4)4% conv pref.*

Ask

Per share
8
10 )4
2
154

Thew Shovel......5

86)4

7?

Standard Ooated
Products com.lOc

Standard

Par

15
13

12

...

Bid

Stocks

Ask

Per share
2

4)4%

45

954

11)4
2)4
34

Wrought Iron—.♦
Wurlitzer (R) comlO
Preferred

100

Wyoga Gas & Oil _)4

Yale 3c Towne
25
Yates-Amer Mach.5

Truck
&
Coach Mfgcl B._1

2H

.7)4
70
5c

25

1)4

8)4
80
10c
26

2)4

Yellow

7 % preferred—100

Y York

Ice Mach

*

7 % Preferred-.100
Young (J S) Co. 100
Preferred
100

Yry^L8^.

rVA
Y
76
123

10

76

4§*
86

lft X

10 H

12)4

13

Youngs town Steel
Door

common

Youngstown

7

*

Steel

Oar common....5

2

2)4

Youngstown Sheet &
6254
16554
454
23

Canadian price.

63)4
16954
5)4
25

Tube....
„

'

(New stock,

Zenith

Zonite

x

Ex-dividend.

*

Pref.. 100

Radio

.*

Products.... 1

If*

W470

9)4
3)4

■954

354

Quotations for all securities are as near as possible for

>

the closing day of the month preceding the date of issue

and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore
furnishing the prices bolow, it will be found that for the single maturity bond a bid and asked quotation Is published—either actual figures or on a
percentage basis.
In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities.
For instance,
a certain bond matures from 1937 to 1951 and is quoted 0.50 to 3 %—•would indicate that the 1937 maturity yields 0.50%
and the bond due in 1951
Tbt custom in reporting prices for State

in

Therefore, in the following list, it must be
asked prices.

Indicates that the figures shown are the yield basis; all other figures are

remembered the word to

Yield Basis

Yield Basis

UNITED STATES—See also pa ge 19.
Treasury Bonds—
4Mb Oct 15 1947-1952.A&O 118.15 118.17
114.14
4s Dec 15 1944-1954---J&D 114.6
3 Ms Mar 15 1946-1956 M&S 112.26 113
3 Ms June 15 1940-1943 J&D 106.16 106.19
3 Ms Mar 15 1941-1943 M&S 107.25 107.26
3 Ms June 15 1943-1947 J&D 110.2
110.6
108.5
3 Ms Aug 1 1941
F&A 108
3Ms Oct 15 1943-1945.A&O 109.17 109.21
3 Ms Apr 15 1944-1946. A&O 109.16 109.18
3 Ms June 15 1946-1949 J&D 108
108.7
3 Ms Dec 15 1949-1952 J&D 107.24 107.30
3s June 15 1946-1948..J&D 107.13 107.18
3s Sept 15 1951-1955. .M&S 106.3
106.6
2 Ms Mar 15 1955-1960 M&S 103.30 103.31
2 Ms Sept 15 1945-1947 M&S 106
106.8
2 Ms Mar 15 1948-1951 M&S 104
104.4
2 Ms June 15 1951-1954 J&D 103.2
103.4
2Ms Sept 15 1956-1959 M&S 102.28 102.31
2 Ms Dec 15 1945
J&D 105.10 105.16
2Ms Sept 15 1948
M&S 103.18 103.22
2 Ms Dec 15 1949-1953 J&D 101.14 101.16
sPanama Canal 1961-.Q-M 118
120M
111
I iCon versions 1946
Q-J 109
t Conversions
1947
111
Q-J 109
U 8 Treasury Notes—
,

"

101.14
101.21

2M
1M% Dec 15 1938
-

101.16
101.23

101.12

101.14

Mar 15 1939

101.22

101.24

June 15 1939

102.18

102.20

Vo Sept 15 1939
7o Dec 15 1939
j% Mar 15 1940
1M% June 15 1940
1M% Dec 15 1940
1M% Mar 15 1941
1M% June 15 1941—
1M% Dec 15 1941
1M% Mar 15 1942
2% Sept 15 1942
1M% Dec 15 1942
Home Owners' Loan Corp—
rin & int guar

long mat—.

104
100
97
99

101

4.00

to 3.90

1952.F&A

4.00

to 3.80

Morgan Co 5s road

1938-55—

b 3.80

3.50

J&J

b 2.00

to 3.50

2Ms 1939-1952

103.21
105

103.23

104.3

104.5

'44-'52 106.7

Tuscaloosa (City)—
5 Ms serial

100

101

103

99

28

4s

b 3.75

to 2.40

0.50

to 1.50

1.25

to 2.90

1.00

to 2.85

103.2

Prescott

105.2

103.21

5s

J&J
J&J

1948

Tucson 5s Water 1950

94

92

93

101.13

5-4s 1961-1967

106.14

5-4s 1968-1977
4M~48

90 M
90 M

91M
91M
87 M
87 M

106.2

4M~4s—-—-—— —I

% int & prin guar '42-'47
j % int & prin guar 1939-Federal Land Bank — Farm

104.30

3s 1949

'45--.J&J
'46---J&J
3s May 1'56 opt '46
M&N
3MsMay 1*55 opt "45-- M&N
4s July 1 '46 opt '44
J& J
4 M* i
HH.vffcNT

103 M
103 M

86 M
86 M

106.2

101.19
Bonds

103 M

3s

83 M
78

1

Attorney Gen opt 1944

90

88
3s Rose, Hemingway opt 1944
Hot Springs 4Ms '38-'50.M&S b 4.50

4.00 %

103 M

4Mb Fund 1941-50.„M&N

104M

104 M

4s Water Rev 1939-76.F&A

100 M

111M
101M

Little Rock S D 4s '39-'55 M&S

100M

101M

102

103

100.17

4s 1958-1960

100

101.4

5Ms 1955-1965
5s 1959 opt 1939

b
1.50 %
2.00
Jan 1945
NOV 15 '38-'56-M&N 15 b 0.50 to 2.50 %
Oct 1956 opt *46 A&O
H7M
115M
Nov 15 1938-58—M&N b 0.50 to 2.75
2.10s July 20 1941-1945
b
1.25 to 2.25
1.70% refdg 1940-44.M&S b 1.15 to 2.15
1.75% refdg 1940-44.M&S b 1.15 to 2.15
Philip Isls 4 Ms 1952
J&J 103 M 104 M
103 M
4MB 1950
102 M
4Mb 1957
M&N
103 M
104M
103 M
4Ms Oct 1959
104M
be April 1955
101
100 M
5s Feb 1952
106 M
107 M
110
5Mb Aug 1941
109
Puerto Rico 4Ms July 1952J& J
114M
113
3.35
4Mb funding 1963
J&J b 3.50
5s July 1948 opt '43
113
J&J 110
6s Jan 1 1950 opt '44-J&J b 2.75
2.50

4Mb
4MB
4Ms
4MB

.

b

3.00

113
1.00 to 2.35

110

ALABAMA
3 Ms renewal class O 1956. J&J
4 M8harbor impt June 1 '38-'73

3.50

4Ms highways 1952--..-M&S
4Ms 1956 and 1959
M&S

3.15
3.20

3.05

4s renewal July 1,1956

3.40

3.25

4MB 1942, 1946. 1949—M&S
4e pub highway 1949-51-M&S
4s refunding 1941-54
J&J

2.90

2.70
3.00

3 Ms refunding

1955-65—J&J

Corp 4s 1938-51 Bridge Auth. 4s, July 1, '
Ann is ton ref g 5 Ms Dec 1 1939
6s schools 1938-1947---J&J
Bessemer 6s pub impt '38-J&J
5s funding Dec 1 1947—.—
Birmingham—
3Ms impt ref 1939-50--J&J
3 Ms Imp ref 1942-1958 A&O
48 1939-1941
....A&O
4s 1942-1961
A&O
4MB 1939-1960A&O
68 sewers Sept 20 1941 M&S
Florence refunding 1 % to 4%
State Bridge

_

*

Tax-free in Connecticut,




3.15

1.00 to 3.80
3.05

3.15
2.25 to 3.10
3.00
3.15
100

102

92

94

101

103

102

103 M
86

83
80

82

b 4.75

2.00 to 3.25

3.25 to 3.75
2.00 vo 3.80

2.75

to 2.20

6 0.50

to 1.25

to 2.40

75
4.00

f 24

93.

to 2.75

100

99

1.50

1.40

0.50

to 1.00

1.80

1.60

0.50
2.50

to 2.40

0.50

to 2.25

0.50

to 2.00

2.40

1.40

to 1.90

2.20

to 2.25

2Mb Sew dist 1947-56-A
3a 1963-1972 opt 1955-A&0
3 Ms Mun Water Retire
1963-1972 opt 1955.A&O

1.90

to 2.25

2.40

2.30

1941-1945
J&J
1950-5'

M» Sewer

2.40

2.30

1.90

to 2.20

Disp'47-56A&0

116 to

128

123 to

128

120 to

J&J

131

117 to

J&J
J&J
J&J

1947-1956
1964-1973

102

—

5s 1974-1983-

4.60 %
103

123

CONNECTICUT

1939-'52.A&0

0.75

to 2.75

Ms'39-50 J&D

0.90

to 2.70

Bridgeport 4 Ms 1938-65 __J&J
4Ms High Sch 1939-63-J&J
♦4s 1939-1968.
F&A

0.40

to 2.80

0.75

to 2.90

1938-41--J&J

0.40

to 1.50

1938-49 J&D

0.40

to 2.60

to 1.50

Bristol 4Mb Water 1939--J&J
*5s July 1, 1938-55----J&J

0.40

to 2.60

to 2.10

♦Cheshire 4M8

1939-45--J&J

0.90

to 2.25

to 2.10

Danbury 4s 1946 taxable.J&J
*4 Ms 1938-65
J&D
3 Ms Fund 1941 tax'le-A&O
East Hartford (Town)—

2.00

1.90

4Ms Sch

1938-49-.—M&N

0.50

to 2.00

4Ms Sch

1950-59

M&N

2.00

to

M&N

b 0.75

1950.----J&D

0.30

to

1.75

'39-58-J&J

0.50

to

2.75

Branford (T) 4

CALIFORNIA
b 0.40

Univ Bldg Jan5'39-65J&J
Highway 1939-48-J&J30 b 0.50
1939-1947
F&A b 0.40
Olympiad 1939-71—J&J2 b 0.50
4Ms 1939-1952
F&A b 0.40
4s Harb Imp 1985 opt '50-J&J
1.00
5s Jan 2 1941-1943
J&J2
1.65
4s Jan 2 1944-1948
J&J2
0.85
3 Ms Jan 1 1940-1949
J&J

4Mb
4 Ms
4Mb
4 Ms

to 2.70

%

to 2.20
to 2.10

0

2.85 %
to 2.40 %
2.40

to

Veterans Welfare—

F&A

0.40

to 2.30

2Mb Feb 1 1939-1954.F&A
2 Ms Feb 1 1939-54.-F&A

0.40

to 2.35

0.40

to 2.35

Alameda 4s 1939 to 1941 .J&D

0.75

to

0.65

to 2.25

3s Feb 1939-1952

4Ms Mun Imp '39-'48-A&0
Alta Irrig Dist 5s
Bakersfield 5s 1939-52—A&O

1.15

3 Ms improvt

♦5s Construc'n

East Hartford Fire

0.75

1.50

1.00

to 1.75

>

1.25

to 2.65
to 2.75

Glastonbury *4 Ms
Greenwich—

to 3.15

0.50
*4 Ms 1939-1942
M&S
4Ms March 1, 1939-1951--- b! 0.50
0.60
Groton S D 4Mb June 1 '39-60

Imperial Irrigation District—
Refunding 6s 1983
J&J
Refunding 5s 1983
Los Angeles (City)—
4s 1940-1962
2Mb WatWks 1956-76 M&N
3 Mb Water wks 1952-75
3 Ms Water 1938-41.-A&O
4Mb Water 1938-70.— A&O
4Mb Sch 1939 -1944—J&D

_

to 3.25

%

__0

^

2.75

to 2.20

to 1.60
to 2.20
to 2.75

1940-45
J&D
1; 1939
High Sch *39-'55.--J&J
*4 Ms 1939-1960
M&S

b 0.70

to 1.50

♦4s Water June

to

2.00

0.40

to

2.10

Metropolitan District
2 Ms Wat Sup '39-77M&N b 0.50
Hartford (School District)

to

2.60 %

Hartford

3.30

1.50

to

to 3.00

3.00
0.60

to 3.25

0.60

to 3.35

to 1.50

1.00

*4 Ms
♦4 Ms

to 2.30

1.00

0°A0

0.40

♦4s

62

2.85

%

Hartford—
*4s Water

64

%

1.50

>

J&J

L

1.40

1.60

J&J > 0.50
East Bay Mun Util Dist—
5s 1939-1974
J&J > 0.50
100
East Contra Costa IrrigDistSs
Golden Gate Bridge & H'way3 Ms series C 1942-1971-J&J b 1.50

Berkeley 5s 1942-1951
5s School 1939-1955

to 2.75

District—

*5 Ms
1939-1951
Fairfield (County)—
1 Ms 1938 to

103

to 3.40

County—

to 1.50

M&S
Northeast 1959.J&D

0.35
2.25

%

2.00

1.60

v-1.50

1938-1947

Ms 1939-1968

.T&J

1939-1969

M&S

1.00

to 3.40

5s Municipal 1938-61 —F&A
5 Ms Harb Imp '38-'61 M&N

0.50

to 3.35

0.65

to 3.45

4Ms 2d North 1944
J&J
*3 Ms South Sept 1955.M&S
♦4Mb Wash't'n '41-47 J&J
Killingly (Town)4 Ms'38-56J&J

1.00

to

Manchester—

0.75

to

1.25

to

4

4Mb

Rev '39-*48--J&J
3 Ms Sch Dist 1939-61. .J&J
3MS

%
%
%
3.00 %
3.25 %

Ref 4s 1939 to 1975-J&D b

3.75 %
3.70 %

J&D b 1.25 to
3Msser A 1939-1977 -J&J b 1.00 % to98M
i".6o
3Msser B Jan 15 '77 J&J
3Ms 1948-1958-..._J&D b"2.70 to98M
2s 1938-1942
A&O b 0.60 to 2.25 %
3s 1943-1949
A&O 6 2.40% to Par

2.25
36

t Bid prices for long and short maturities,

a

2.00

1.90

0.85
0.50

to 1.50
to 2.80

i
%

1939-1944

M&N

0.90

to 1.70

%

4Mb 1939-1951
Meriden (City)—
>39-1943.
4M819-,
Middlesex County

M&N

0.90

to 2.00

%

0.50

to 1.50

%

0.40

to 1.35

♦4Mb

Manchester 9th School Dist—

Electric Plant Revenue—

3 Ms 1939-77

2.25 to 3.75
2.50 to 3.60

34

to 2.95

100M

Honolulu (City & County)2.60
5s Pub impt 1956--J&D 15 b 2.85
5s Jan 15 1939-56—J&J 15 b■ 0.75 to 2.60
3Ms Sept 15 1940-53.M&S b 1.25 to 2.50
Hawaii Terr 4Ms '49.M&S 15 b
0.70
1.00

J&J

to 2.70

0.90

to 2.75

5 Ms
5 Ms

St Francis Levee Dist—

PO SESSI ONS

3.25

page

Moffat Tun Imp D
5 Ms 1944-1963

102

4s 1944

b

to 3.15

0.90

1.00

2

Little Rock—

111 M

J&J

to 2.90

1.00

Bloomfield 4Mb

gold 1953
5s July 1954 opt 1943
2Ms 1939-1946

to 2.65

'39-'54-J&D

4s July

88

100

Federal Natl Mtge Assn—

4s

to 3.05

0.75

3.65% March 1,

Six

87

Jan.

103 M
103 M

101.2

to 3.20

0.50
2.80

4Ms 1938-1939
J&J
Denver (City and County)-—
4Ms Water 1944
J&J
4 Ms Ref Wat 1938-67-J&D
4 Ms Water 1962-1965 J&D
5 D No 1 4 Ms 1939-53 J&J
S D No 1 4Mb 1938-47-J&D

99

93

106

S

to 2.25

1943—F&A

2Mb State H'way

3.

b 3.40

96

104.24

U

to 3.10

1.00

3s warrants 1939-1951—J&D
2 Mb warrants 1952-'54- - - J&D
Colorado Spgs 4s Mar 11941 —

3.40

5-4s 1954-1960

1942-'47-

&

to 3.25

0.90
1.00

COLORADO

3.50

5-4s 1949-1953

1944-'49_ 106.1

TERRITORIES

0.90

J&J 6 0.90
6 0.65

CANADA—See

111

110

J02.17

100.15

to 3.25

0.75

Turlock Irrig Dist 6s
West Side Irrig Dist 6s.

ARKANSAS

101.10

101%

to 3.15

1.00

3.50

100.4

Loan

to 2.10

2.10

g

2s 1940-1949

100.15

101.17

to 1.90

0.65

3.50

106.8

5s Jan 1 1954 opt 1934--J&J b 3.75
5s W W 1939-1950
J&J b 3.75
Phoenix Un H S D 4Mb 1948 6 3.50

to 2.90

0.50

J

1939-1964

to 2.80

1.00

San Joaquin Co 5s '39 '49.J&J
Santa Barbara 5s '39-41-JanlO

3.50
3.50

b

106.11

2% notes May 16 '43 opt '39

1.00

3.50

Phoenix 4 Ms '50 opt

101.10

Commodity Credit Corp—
M% notes Nov 2 1939

to 1.85

Orange Co 5s 1939-45—M&S
Pasadena 4s 1939-42
J&J
Redlands 5s 1939-51—J&J15
Riverside 5s 1939-53
J&D
Riverside Co 5s '39-'54_-M&N
Sacramento 4s Jan '39-'45—
Sacram'to Co 4Mb '39-'46 J&D
San Diego 5s W W '43-'54A&0
5s Water 1939-63.
J&J
5s School 1939-1966—F&A
4Mb Wh & Har '39-'52_J&J

4Mb gold Aug

3.75
4MB 1939-1956J&J
b 3.75
4Mb Court Hse '38-'48-J&D
6s Jan 1 1946
J&J b 3 75

"

,

0.65

100

27

4Ms
4Ms

5-4s 1943-1948

3s July 1 *55 opt
3s Jan 1 *56 opt

to 1.60

1939-44--J&J

July 1, 1939-44.-J&J
San Francisco (City & County)
5s Water 1939-1969
J&J
4Mb Water *57 '58, '59.J&J
4Mb 1939-1951
---J&J
4Mb Water 1939-1977—J&J
4s Wat Distrib 1939-53 J&D
4s W.t Distrib *39-'63 J&D

106
102

103

102.14

Federal Farm Mtge Corp—
]% int & prin guar '44-'64

to 1.75

F&A

0.75
0.75

3Ms

106
o 110
6s ref pub impt '39-'53 M&N t 101 t
3.25
Tuscaloosa Co 6s Bridge 1941 & 3.50
3.60
5s Road 1957
M&S & 3.90

100.1

guar

%

104

J&J

5s W W 1939-1957

'30-J&J

102.12

less 1

0.75

4 Ms Water

Highway 6s Jan 15 serially-

102.16

to 2.90

3.75

Tuscaloosa—

102.24

....

int & prin guar

%

to 4.00

102.10

1 Ms July 1938
28 Dec 1940
2s Apr 1 1943

%

to 3.40

Federal Home Loan Banks—

•

97
to 3.75

b 4.10

prin & int guar *39-'49
& prin & int guar *42-'44 103.19
prin & int guar 1938— 100.11
.i% prin & int guar 1939-_ 101.8

'

98

J&J

6s Road 1951
Selma (Citv) 5s-6s

95

Maricopa County—
School No. 1 5s 1945—J&J b 3.50

102.14

to 3.20

1.00

Oakland S D 4s

111

102.19 102.21
102.21 102.23
102/22

to 3.30

1.00

F&A

Oakland 5 Ms 1939-1943-F&A
4 Ms Mun Imp '39-'43.F&A

105
98

1957-59

Montgomery Co 4Mb

3.35

2.60

1946-1961

Ms Jan 1 1939-1960
Ang Co 4Mb '39-'49
Modesto Irrig Dist 6s

Los

4Ms 1939-1965

3.90

3.45

to

Net

to 2.50

Mobile Co—

4Ms June 1 1938-1948
5s School May 1 1945-_ —
4MB 1939-19^8
J&D 105 to
92
Gen fund 4Mb 194J-66 J&D
Montgomery—
96
5s funding 1939-1966—J&J
95
4Mb Sanitary Sewer Jan 1'44

to

J&D
J&D

1939-1945

3

to

103
96

1.25

* 0.50

6

1.00

4s
4s

b 2.25

Ask

Dis1

5 Ms Nov 1939-1960--M&N
5s 1938-1964
—F&A

99

3.30
4Mb Ct House 1939^3 M&N
b 2.00 to 3.80
4Ms Ref 1939-1961—A&O
Mobile City—
64
62
Refunding 2-5s Jan. 1 1966/
105
101M
4Mb Water & Sew '39-J&J

1

Angeles City High Sch

Los

102

Pub Imp ref 5s 1938-1962.Jefferson County—

To

or

Bid

Bonds

Net

106

5s schools 1939-1940.-A&O
Hunstville 5s funding Mar 1 42

Gadsden 6% Impt

Tuscumbia^funchn^ 1 % to4 %

103

Vo int & prin

Ask

101.30 102
102.4
102.2
102.19 102.21

,

_

Bid

Bonds

Net

Ask

Bid

To

or

To

or

Bonds

bid and

Yield Basis

i

Less 1 on

bid side,

1 Ms Bdge
New Britain

.J&J

'

1938-1955.M&N b

(Co)—
Bldg 1948—J&J
4s 1938-1952
F&A
♦4 Ms School 1938-52-F&A b 0.50

b Basis,

f Flat price

n

Nominal.

%
1.90

4s Munic

2.10
to 2.10

%_

93

STATE
Quotations for all securities

AND

are as near as

MUNICIPAL

Yield Basis

Bonds

New

Brltlan

Ask

4Kb Water Aug 1941

F&A

0.50

1938-1969

to 1.60

0.50

to 1.60

A&O

1.10

1.00

1.50

to 2.10

0.40

to 2.20

•4Kb 1943-1952...:.
•5s
1938-1951
J&J
New London—
4Kb Park July 1942..J&J
4Kb Water ref 1950—F&A
Nor walk (C) 4s 1954-1964—
*4Mb Sch March 1939-1953.
*4Ks Improv't. *38-'39—J&J
3Ks 1938-1971
A&O
3 Kb 8ewer 1^47-70. J&D15
1938 1971

Torrington—
♦5Ks Fund 1939-'41_

0.50

to 3.00

f 7s 1957 1st ser.A&O
f 7s 1957 2d ser.A&O
f 7s 1957 3d ser.A&O

Extl

s

1.75

to 3.00

Extl

s

0.50

to 3.00

8s 1946

1.00

to

2.75

to 2.25
to

2.00

to

to

J&D

0.90
1.00

to 2.80

Extl

to 2.50

s

s f 6s 1955
f 7s 1955

to 2.90

1.75

to 2.20

0.40
0.50

to 2.80

2.20

West Hartfd 4Kb 1943.-J&D
4kb Mar 15 1939-48.M&S

to 3.00

0.50

to 2.00

1.00
0.40

to 2.50

to 2.10

to 2.75
to 1.35

0.90

to 1.35

J&J b 1.35

to 2.00

102 %

112%
101*

Extls f 6 Kb (1927) '57-A&0
5s of 1895

to 2.15
to 2.35

4s of 1889

2.00

5 Ma 1938-1944...
J&J
Sussex Co 5s 1939-1970—J&J
4Mb 1938-1953
A&O

to 1.80

1.85
2.15

to 2.25

Funding 5s 1931-1951
Funding scrip

0.25
0.75

4Kb 1938-1958 (s-a)—A&O
5s 1947-1949
A&O
4s 1938-1941
A&O

to 2.65

-/o

to 2.45

%

2.30
0.25

Wilmington—
4 KsBldg—Con'53-'62 M&S

to 1.85

0.50

to 2.70
to 2.20

1.90

to 1.25

1.00

A&O

to 2.00

0.25

to 2.00

48

53

108

112

New refunding 2 K-5s—1977
Dade Co 5s Oct 1947-54.A&0

45
104

47

.

—M&S

(School No

99K
94

Duval Co Road 5s 1955—A&O
Duval Co School District

113

No. 1 5s 1938-1955— A&O
Escambia Co 6s Aug 15 1951.
Gainesville 5Ks July 1938-40.
6K8 July 1941-1975
Hillsborough Co 5s Oct 1 1943
Hillsborough 8ch Dist No 4—
Jacksonville—
5s Jan 15 1939-45. .J&J
15
5Ks Jan 15 1940-45.J&J 15
Refunding 2.60s Jan 1 1957
Lakeland 6s.
Water &
Light 5Ks 1940-50
Leon County 5s July 11938-40
„

b 3.90

100

100

100
b 2.10
b 2.50
b 3.00

2.75
69

92

to 3.50
to 4.25

105

100
93 M

3.00
4.30

4.00

4.00

3.75

80
99
b

4.30

J&J b

4.50

—.M&S b

4.60

b

4.70

6s 1940-1950

to 3.25

107

New Smyrna—
Ref 3-4 K-6s Jan 1 1964—
Orlando—

„

102
to 2.75

103

M&n
M&n

1952-1953

103

/ 67

Ref 4Kb non-opt 1947-56-

5s

110
to 4.25

Miami Beach—

5Ks 1945 1950

116
to 3.50 %
to 3.50

Refunding 5s Jan 1 1964—

Refunding 4s 1939-62.F&A
Orange County 5s 1944—J&J

96

b 2.75

Miami—

1940-1950

102 M

b 3.75

2.75
6s July 1 1941-55.
b 3.50
Marion Co Road 6s Feb 1 *52
101
Road bonds 5s July 11952—
98

1939

107

2)—

Refunding 4s 1939-67.M&S

5Ks
5Ks

2.50

83
101
4.10
4.35
4.50
4.50

Palm Beach
b 3.80
(City of) 5s
3.25
Pensacola 4Ks ref 1941—J&J 101
104
5s 1958
J&J 105
108
Pinellas Co ref
Q9
89
highway
Polk County 5s
July 1 1938-40 b 3.00 to 3.75 %
St Augustine 5-4s
stam'd 1955
65
69
5Ks & 6s imp 1937—F&A
51
55
St Johns Co Road 5s
1946
101
103 M
Road 5Ks 1944
M&S 101
103M
.

8t

Petersburg—
Refunding—

3-5s Oct 1 1972

guwanee Co Road

57

5 Mb 1946—

59

4.75

4.25

Tampa—

5s June 1955
opt *25—J&J
5s W W Purch '38-72.F&A

4Kb

Impt 1937

J&J

98

100

4.40
98

4.00
101

West Palm Beach—

Refunding 2-5s

5s of 1957

10
10
10

18

32

18
19

97

99

F&A

97 K

20-vear s f 6s 1950
J&D
British 4s 1990 opt '60- .M&n
War Loan 3 Ks of 1932-.-..
Victory 4s due 1975
Brit Hungarian Bk 7Ks 1962.

101

46

48

13

Tax free in Connecticut.

41

}pB 1946. J&J

it*
It*

it*

6

10 k

9%

34

35

M&n
6% assonted
Chili Mtge Bk 6Ks '57 J&D31
S f gu 6 kb Jne 30*61. J&D31
S f gU 6s 1961—
A&O
6s 1962
M&n
6% notes 1931
J&D
68 stamped 1931—
Chinese Government—

27

27

J Called Sept. 1 at par.

b Basis,

14

11*

10%
10%
10%

17%
17%
17%

m

18*

II*
it*

14

%
14%
14%

16

8

0%
8%

16*

10K
12 K

.

1953.

18*

it*

28

23 %

F&A

21%

38

21K
16K
37

20

72 k

Gold

6s

1946

19%
21%

A&O

1st

21k
20k

23 k
97

93%
52

79

80 M

»f,g JKs 1945

J&J

16K

104 K

i

12

11%

83
n

Nominal.

105

it*
18

''■W-

30%
to 1979..F&A
Irish FYee State 5s 1960.M&N
k\l2%
Italy (Kingd) extl 7s '51.J&D
75 k
Prestito Redimibile
32
Ital Cred Consortium for
Pub wks ext 7s B'47 M&S
Pub Util Credit s f 7s'52J&J

17 k

54

t

-

57

k Last sale,

96

Helsingfors (City) Finland—
Extl s f 6Kb 1960
A&O
Hessen.
See Munich Bank
Hungarian Cons Munic Loan

Extl s f 7s Sept 1946-J&J
Hungarian Land Mtg Instit'n
Mtg 7Ma 1961 ser A—M&N
S f 7Ks'61 ser
B($ bds)M&N
Hungary (King) 7Ks '44.F&A

21k
22 K

96

2dan£~~l8t 68 1939
Q~J
7~Ks750jfcj

Extl s f 6Kb 1958—M&S
Lower Aust (Prov)7Ks'50J&D
Luneberg (City) 7s 1948.M&N
Maranhao (State) Brazil—
Ext s f 7s 1958
M&N
Medellin (Munic) (Colombia)
7b extl Dec 1 1951
6Ks 1954
Mendoza (LYov) Argentina—
7 Ks extl s f 1951
J&D
S tamped

23

'80""

Hamburg (State of) Germany

WcitMl' 1947F&A

27
i

"23k

70

—A&O

Japanese Government—
Sf 8Kb 1954
F&A
Extl s f 5 Ks 1965
M&N
Oriental Dev Co 6s'53.M&8
Orient Dev Co 5Ks'58M&N
Jugoslavia—See Mtge Bank of

28

13 k
29

24

M&N

k

3Ks

15k

16K

F&A

f Flat, nrice.

6K
16

Heidel^rgTGar'm)

(City)
1957

25

Heltenic Republic
(Greek)
Sec Wat Wks ext 8s
1952... /

1.H

~

f 7s

26

6s part paid
1968-..F&A
Guatemala 8s 1948
M&N

30k

.

s

27

series 1957
F&A
20
6Ks 2nd series 1949—F&A / 20

29%

Hukuang Rys 5s £—J&D 15
21
2K-5S 1954.
/ 35
Cologne Germ'y 6Ks'50-M&S
21K
Colombia Rep 6s 1961.-J&J
14 M
6b Oct 1961
...A&O
14%
4s 1946
/ 34
Colombia Mtge Bk—
20-yr s f 6 Kb 1947
A&O / 22%
Sink fd 7s (of 1926) '46 M&N / 22%
Sink fd 7s (of 1927) *47 F&A
22%
Copenhagen 5s June 1 *52 J&D
95%
Extl g 4Mb 1953
M&N
93
Cordoba

33

,

p

M&S

Extl

7s part paid 1964
Sink fund 6s 1968

31

13

Chili (Rep) ext 7s 1942.M&N
7% assonted
Extl s f 6s 1960
A&O ,
Extlsf 6s Feb 1961 —_F&A|/
Extlsf 6s Sept. 1961—M&S/
Extl Ry ref 6s 1961...-J&J "

1
.

June 1 '35 to June 1 '37.

6s

25%
25%

Central Bank of Germany—
6s A 1952
—F&A
6s series B 1951
A&O
Chilean Cons Municipal LoanExtl s f 7s 1960 ser A__M&S

37

German Prov & Comm Bka
(Don Agr Loan)6Ks'58 J&D
/ 27
gra*(MynT)Austria 8s'54M&N / 20
Gt Brit &
Ireland—See British1
Greek Govt s f 7s 1964—M&N
/ 27

31

29 M

38
36

Hanover (City) Germany 7s'39
Hanover (Prov) Germany—

4

29 K

31

27

i*
II*

36

Dawes coups Dec 1934 stpd
Apr. 15'35 to Apr. 15'38—
Young coupons Dec 1'34 stp

6s

Agricul Bank (Germany)

Farm loan 7s 1950—M&S15
/
Farm loan 6s I960.—J&J15
/
Farm loan 6s I960—A&015
6s A int ctfs 1938—A&015

26 K

21K

Haiti (Rep) 6s extl 1952.A&0

30

20 k

21

22 %

Scrip

61

20K

20

July to Dec. 1937
Jan-June 1938

60

%

36

Jan to June 1936
July to Dec. 1936
Jan to June 1937

56 k
58

"

—

100 %

20

July to Dec 1935

"45"

57%
Extre-adi 4K-4Ks'75M&N
Extl s f 4s S bonds 1984.J&J
Bulgaria (Kingdom)—
Sec s f 7s 1967
J&J / 33
Stabil loan 7 Mb 1968.M&N
32 K
Caldas—Ext s f 7
Cali(Oolombia)s f 7s '47.m&n
Callao (Peru) 7Ks 1944.-J&J
5
Carlsbad (City) s f 8s '54. J&J
21K
Oauca Val (Dept of) Colombia
7Ks 1946
A&O /
9K
Extl sec 7s 1948
—J&D /
9
Ceara (Brazil) 8s 1947---J&D '
2

23
106 k

98 k

Jan to June 1935

75
75

Extlre-ad]4K-4Ks '76A&O

21k
5%

25
20

Jan to June 1934

13%

7Ks stamped 1947—IIIIIZ / 67
6Ks stamped 1961
60
—IIII
Scrip
40
Readjust 4M-4%b 77-"M&S
55 K
Refsf 4K-4ks 76...f&A
55 %

"21k

29

July to Dec 1934

78

67

70
23 k

20

7s unstamped 1949
Default coups July-Dec'33.

106

7s stamped 1952

60

55 %
22
20%
20 k
20 k
3k

33 %
98

15
65

Extlsf 6s 1962
s f 6s 1963

,

f
/
f
/
/

33 K
94

112K
100 %
HOK

60

Cent

55 k

i03K

102

111K
99 K
109

70
70

54

101K

99%

7s stamped 1957
7s stamped 1937
Cordoba (Prov) Argentina—
Extl s f 7s 1942
J&J




11

18

56

58

54

7Kb plain 1941..German Conversion Offer—
Funding 3s 1946
Int ctfs of dep
July 1 1938..
German Cons Munic 7s*47 F&A
Cons munic 6s 1947—J&D
German Govt Internat—
5Ks loan of 1965
J&D
5Ks unstamped 1965
Stpd (Canadian holder)'65
German Extl 7s *49stampA&o

M&S

S f 5s 1958

Extl

*

11

17K

62

55

—

„

Bud'pest(City)6sJ'n'35coup'62

Districts No. 4 6s 1938-55—
Columbia Co Road 6s 1955—
Coral Gables—

55
55 k

109

11

7

.

62

106 %

13
11

7
16 K

of

55

7s plain 1949
7Ksext 1941 stamped J&D

12K

Buenos Aires (Prov)6s'61
6s stamped 1961

FLORIDA

Bank

104
100 k
95

7s 1938A&O
7s 1940
A&O
7s 1941-1945
A&O
Extl sf 6 kb 1953
M&N
French Government—
7s ext of 1949
stamped.J&D

13

7

_

-

County School Tax

Ref 3 Mb 1940-1947
Dade County

s r

103 %
100%
94%

..

Bremen (State) 7s 1935._M&S
6s 1940
Brisbane (City) Australia

30-yr

99%

Frankfurt-on-Main (Germ)—

it*

8

0.50

New Castle Co—

4

8

4Mb of 1883...
4Kb of 1888
4s of 1900
4s of 1910

%

,3%

8
8

76
100

45

__

'3%

12 K
12 K

98

Certificates of deposit
/ 21k
Estonia (Rep of) 7s. 1967 J&J
95%
Finland (Repub) 6s '45.M&S
105 k
Internal 4s 1939
100

13
25

12*

9

75

98

Ecuador Int 6s 1929
El Salvador
(Rep)—8sA*48 J& J

fl*
24

8k

25

_

5

5s of 1913

DELAWARE
2Mb April 1 1939-1947.
2Mb April 1 1948-1957
2Mb April 1 1958-1966
Kent Co 4 Mb 1945-1950.M&S

S*

J&J

6s 1940.
A&O
Brazil 8% ex 1941
J&D
7s Cent Ry elec 1952.-J&D
Extl8 f 6Ks (1926) '57-A&O

1953

5Ksof '26 ext 1st ser 1969
5 Ks of'26 ext 2d ser 1969
Dortmund Munlc 6s 1948.._
Dresden (Ger) ext 7s '45 M&N
Duesseldorf 7s to 1945
Duisburg 7s to 1945

105

"

J&J
5s Water 1939-1951...M&N
5s Water 1952-1971.M&N15

—..M&N

2d series 1961

J&D

70 k
105

F&A

19

102%
110K
Bergen, NorEx.sf 5s '60M&S tlOOK
Berlin 6Ks 1950.
A&O I IW
6s June 15 1958
J&D f 20
11
Bogota (City) extl 8s '45-A&0
Extlsf 6 Kb 1947
11M
A&O
Bogota (Mtge Bk) 7s May '47
22 M
7s Oct 1947
22 M
__A&0
Bolivia
3M
jRep) Ext 8s *47 M&N
Extl 7s 1958.
J&J
3M
Extl s f 7s 1969
M&S
3M

to 1.40

J&J

J&J!&

24

16

104
102

Municipal Loan

1955

Denmark ext 6s 1942
J&J
Ext'l
5Ks
1955
F&A
Trust rets 4kb 1962 A&O 15
Denmark Mtge Bk—See Mtge
Deutsche Bank (see Ind Bds)
Dominican Rep 5%s '42.M&S
2d Series 1942
5Ks Cust Adm 1940—A&O
2nd ser 5%a 1940-—A&O
Customs Administrations—
5Ks of *22 ext 1961

24

194 %

Belg Govt extl 6 Mb 1949 M&S

Cons

_

34 %
22

External

J&D

5s

iook

M&N

s

18
102 k
98 k

Danzig Port & Wat Ways Bd
Extl s f 6Kb 1952—
J&J

103

M&S

I ^

to 2.50

.

85

Barrauquilla 8s 1935-40-46-48 f 16
20%

2.00
2.00

Westport 4kb July 1 1938-60
Weston (T) 4kb
'38-'45-M&N1& 0.50
Windam (Township)—

80

Bavaria (Ger'y) 6bs '45-F&A /
Bavarian Palatinate 7s 1945.. f

to 2.20

HavUSD*4Ks'39-'56 M&N

81%
81M

83
82

.

to 1.75

0.40

91k

100%

1957-

Extl 4Kb 1956

1.30

1.50

*4 Mb Water 1938-64

93 k

30 K
Austrian Govt 7s 1957
J&J
Baden extl s f 7s 1951
J&J
20
Bank of Colombia 7s *47-A&O / 22 K
7s 1948
A&O

1.75

to 2.90

Ext

19k
18

19

71k
71k

f 8s 1951 ser A..A&O
f 8s 1952 ser B-A&O

5Ks

105

5s

s

Danish

29

103 %

Extl

to 2.75

Ext

0%
■6%
0%

Ask

18%

Extlsf 6 Kb 1959
M&N /
Czechoslovak Republic—

8k

92

2% Treasury notes 1948—
Australia (Commonwealth)—
Extl 5s July 15 1955.J&J15

0.75

■4Mb July 15 1938-66...J&J
4Kb 1946-1953
J&J

8™

91 %

S f extl loan 4s Feb '72.F&A
S f extl loan 4s Apr *72. A&O

to

•3s

_

24

26

..

Antwerp (City) extl 5s '58 J&D
Argentine Repub—
Extl s f conv 4Mb '71-M&N

2.75

J&J

4s 1942-1948

23

5M
5%
5M

J&D

Brevard

23

7

f

I
undmg 5s 1951
M&N f 17
Costa Rica Pac Ry
7%b 1949 / 17 k
5s 1949
/ 17
Cuban 5s 1944 opt 1911—M&S
101k
Extl g 4Kb *49 opt
97
F&A
Extl g 5s 1949
F&A
103 k
Extl s f 5hs *53
J&J 15
100
5Ks Pub Wks June 30'45J&D / 69k
Serial 5Ks 1937
J&J /101k
Cundinamarca Dep (Colombia)

23%

7
7

s

Bid

Costa Rica
(Republic)—
Ext sec sf 7s 1951

7

A 1945
J&J
B 1945—J&J

ser

Extl

•2Kb 1950-1962
♦2Kb 1950-1962

4s

ser

f 7s

Extl sf 7s ser O 1945—J&J
Extl s f 7s ser D 1945—J&J

—J&D

1939-1942
1942-1952

f 7s

to 1.00

Water bury—

1938-1942

s

to 2.30

4^s July 1 1939—...J&J
Walhngford (Town) 4Kb

4s Water 1939-1965

s

0.50

J&J 5 1.00

1943. 1948, 1953

M&S

0.75

4Kb High Sch 1939-'59 J&D

4s

23 k

Extl

Norwalk (T) 4Ks 1942—J&D
4Kb Sewer 1940-68
M&s b 1.00
Norwich 4Kb water 1939.M&S
♦4Kb
1938-1964
M&S15 b'6 ~50
4Ks Refunding 1939.A&0
•Plainfield (T)4 Ks '39-'57i
0.75
Putnam (T) 4Mb '39-'46.i
0.75
•Ridgefield (T) 4kb Jan 1
Stamford (O) 4s 1942—M&N
Stamford (T) 4Kb '39-'45 J&J
0.75
•4Kb Sch 1939-1965—M&N
0.90

W

96 %

T 20K

Anhalt 7s to 1946

Extl

'A&O

1938-46

Bonds

Antioquia Col (Dept of)—

'

4s

or

Ask

Bid

-

♦4s Apr 2, *40 tax-expt

5s

to 3.00

0.50

F&A

♦4s Park 1938-1943
New Haven—

Bonds

FOREIGN GOVERNMENTS
AND CITIES
Igricul Mtge Bk (Colombia)
6s (Feb '35 coupon
on) .1917 f 22%
6s (Apr '35 coupon
on, .1948 f 22%
7s (Apr '35 coupon on) .1946
22 M
7s Man '35 coupon on). 1947
22 M
Akershus (Dept of) 4s '63 M&S

F&A

•4Ks Sch Aug *38-'43.F&A

Yield Basis

or

Net

Continued—

4KB

_

Yield Basis
To

or

Bid

BONDS

possible for the closing day of the month preceding the date of issue

WA
37%

"78"
33k

75

79

61K

62

69 k
59
54 k
49
20 %

9K

71k
59 k
55
51

23

10k

20

28

22

24

9k
9
8

79
78 k

14

9%
9%

80%

STATE

June, 1938]

MUNICIPAL

AND

Quotation?" for all securities are as nea' as possible for

Yield Basis

Yield Basis

Bonds

Ask

Stamped assented

1%

/

—

„

_

1945—

5s assented 1945--

-

ijj
ii

„

j&d/
assented 1954
j&d /
4s of 1910 (£20 pieces) "

4s of 1904-1954

4s
Extl

1%

£100 and £200

pieces.--_
'23 ext to 33

Treas 6 % notes
£20 pieces

55%
10%

86.51

91.11
46

Uruguay 8s ext 1946—-^a v Ax
Extl s f 6s 1960
-m&n f 40

f gtd 4%s

1%

£100 and £200

pieces —
Milan(Italy)ext 6%s '52. a&o
Minas Geraes (State) Brazil
Extl 6%s 1958
m&s
Extl 6%s 1959 ser a.-m&s
Montevideo (City) 7s'52.j&d,
Extl s f 6s 1959 ser a.m&n /
Mtge Bank of Denmark—
Exch s f 5s 1972 ser ix j&d
Mtge Bank of Jugoslavia—
Secured s f 7s 1957
a&o
5s funding 1956—

A*

59

40

2

2%
2%

J*
60

4-4 %-4 % % extl readj s f
bonds of 1937-78---f&a

3%s extl re-adj 1984--j&j
Valparaiso 6s 1939
Venetian Prov Mtge Bank—s f 7s 1952 ser

aV*
60

34

50

42

98

99

42

15

52

49

52

50

20%
54%

Second 5s 1956

Hessen 7# to

1%

f&a / 20%

1945

f 1957———f&a
Extl s f 58 1 958
a&o
Met Wat Serv & Dr Board
8

21%

101

101%

101

103
104

a&o

sf5%sl950

Norway ext 6s 1943
f&a
External s f 6s 1944—f&a

105%
105%

4)4s extl sk fd 1956—m&s 103
102%
4%s extl sk fd 1965—a&o
Sk fd extl 4s 1963
f&a 101%
Norway Municipalities Bank
102%
» Guar s f 5s 1970.-----j&d
Nuremburg extl 6s 1952.f&a / 20%
Oldenburg (Free State) 7s 1945 / 20%
Oriental Devel—See Jap Govt
Oslo s f extl 4%s 1955.-a&o
102
Panama (City) 6)48 1952..— / 28
Panama (Rep)extr>%s'53 j&d
85
Extl 8 f 5s 1963
m&n / 37

Stamped
/
5% scrip-.1/
Unama (National Bank)—
i
6%sseries o & d6%s '48-49'/
6%s series a & b 1946-47.-1/
Parana (State) Brazil 7s 1958- /
Pernambuco (State of) Brazil
Extl

-m&s'/

f 7s 1947

s

f 7s 1959—...f
Nat Loan extl 6s 1960.j&d/
Extl s f 6s 1961
-a&o

Peru

sec 8

34%
18

10
8%
8%
8%

42%

6%
6%
69

f 20%

1951—m&s15
a&o / 20
Queensland (State) 7s '41 a&o 105%
105%
Ext g 6s Feb 15 1947 f&a15

103

f 6%s

22%

Refunding 5s 1943
5s May 1952
Alberta (Prov of)—
Gold 5%s 1947
Gold 5%s 1952

102%

107"

'iV*
37
26

«%s 1959

7

10%
8%

6%
Do

Grande

1946--a&o
1966
m&n

Brazil ext s f 8s

f

7s extl

s

Extl

s

f 7s

Extl

s

f 6s

1967
j&d
1968-—-j&d

&X
28

37
8

7%
7%
76

20%
21

105%
106%

7%

8%
8

10

8

"7%

1952..a&0

Rumania (Monopolies)
Institute 7s 1959—--f&a

22%

23%

s

f 6 %s

63%

5%% ext loan dec 4921 —
Certificates of deposit —
Saarbrucken (City) Germany

--j&j

21

(Mtge Bk) 6s ser a '47 m&s
6s series b 1947
a&o
Salvador 7s 1957
j&j
Certificates of deposit—

21

25
25

21

25

Extl

s

f 6s 1953

1948—
Santa Catharina (Brazil)—
ga 1947
f&a
San Paulo "(Brazil) State of—
8% elternal loan 1936.j&j
Extl 8s 1950
j&j
Extl 7s 1956
m&s
Extl s f 6s of 1928, 1968 j&j
8s ctfs of deposit

6s 1943

— -

f 7s 1940
Santa Fe (Prov) 7s
Sec

12

s

4s Stamped

-.-a&o
1942.m&s

14%

16%

8

6%

31%

"9%
9%
7%
32

73

a&o
a&o

*59"

59

62

54

57

Santander (Dept) Colombia
Extl s f 7u 1948-.—-a&o

11%

13

^

13

16

13
Sao Paulo Brazil 8s 1952 m&n
Extl s f 6%s 1957-m&n 15

20
9
8«

7%
7%

Saxon State Mtge Institution
24%
Sink fund 7s 1945.——j&d
24%
Sink fund 6%s 1946—j&d
23
6s 1947
-----Serbs Croats & Slov (King of)
Extl 8s 1962
m&n / 31%
Extl 7s 1962 ser b...m&n / 31%

------

j&d /
assn—

114

111%

112%

Rome 4s Mun bldg 1939.a&o
Savannah—4%sref 1943. j&j

1.75
2.50

Valdosta 5s 1939-1942

32%
33%

....

51%

'43--m&s15
-j&j
m&n

1944
m&s
4%s Jan 15. '39-'47„j&j 15
4%s Jan '15 '48-'57.j&j 15
4%s 1939-1970
m&n 15
4s 1941
m&n
4s May 15.1938^3 .m&n 15
4s May 15.1944-57.m&n 15
4s May 15,1958-68.m&n 15

Hydro Elec Pow Com—
4%s Jan 1. 1970.-j&j 2
Ottawa City 5s *38 *45...j&j

% Quotations per 100




f&a

to 3.00

to 5.00
to 2.25

vo

to 3.00

%

100

95

100

1.25
1.25
1.25

Cap Bldg 1939
j&j
Impt 1938-47 opt '30
Ref 1939.
a&o
ref 1940-1945
a&o
Road 1939 opt 1927-j&j
Boise City 4%s 1951
j&j

4%s
4%s
4 %s
4%s
4%s

.

2.00

1.25

3.00

92

illinois

90%

4%s Serv Oomp '38-'43-Aug 1
4%s Serv Comp *38-'43-Aug 1
4%8 Serv Comp '38-'44-Aug 1
4s Highway 1939-1943-May 1
4s Highway 1945-1954..m&s
4s Highway 1955-1958._m&n

68
68
101

108%

0.25
0.25
0.25

to 1.40

0.50
1.60

to 1.35

2.20

to 2.30

3%s Emerg Rel "38-'47 Dec 15
3 %s Emerg Ref *48-'54 Dec 15

68

0.30

to 1.75

1.80

to 2.10

b 2.00

to 3.25

b 1.00

to 2.25

1.50

to 2.20

2.30

to 2.60

4%s

Champaign
5s

105

100

101%
102%

101

Road

County—

to 2.15

m&s

Chicago—
3s 1941-1944.-

102

3s 1945-1948

100

101%
99%
98%
101

3s 1957 opt
3s 1957 opt
3s 1956 opt

100%
100%

3%s 1951
3 %s 1952
3%s 1953
3%s 1955

120%

121%
104

103

104

104%

106
34

...

100

1939-194

99%

1941-194

100

1945-1949

100%
100%
101%
2.25

opt 1940

939
4sir~

103

100%
99
99

f

1

__

1939-1943—m&n

100%
98
97

%

to 1.40

Water

1939-1961 opt 1952

86%

103

103%

to 1.45

Bloomington—

2.90

opt 1945

3.00

opt 1946
opt 1951.

3.05

0.50
to

2.20 %
%

31
114

107%
108%

112%
103
105
102
107

107%

113

11

116

to

117

"107

109
110

to

100

to

100

99%
99%

100%
100%
101

3.00
2.60

102%

103%
1.00

1.50
2.85

to

2" 70

to

3.00 %

3.00

to 3.10

%
%
1.00

1.50
2.85

to 2.70 %
to 3.00

%

3.00

b

to

1939
4s 1956 opt 1940-'44_——
4s 1956 opt 1945-'47
4s 1956 opt 1948-'53_—
Elgin Sanitary Dist—
5sl939-1944
m&n

123

118
112

100

99

100

1945-1947

to 3.10

%

1.00

4s 1956 opt

1938-1956—j&j
j&j

m&n
m&n

«

Cook County—

117%
100%

j&j
j&j

280 %

3.00

3%s 1955 opt 1946
4%s 1954 opt 1944
Chicago Park District—
3%s 1956 opt 1946
4s 1955 opt 1939
4s 1955 opt 1940-'44
4s 1955 opt 1945-*47——
4s 1955 opt 1948-'55
Sanitary District—
4s 1955 opt 1939
4s 1955 opt 1940-'44
4s 1955 opt 1945-*47
4s 1955 opt 1948-54

123

to

to

3s 1957 opt

116

to

b 2.70

-

3s 1957 opt 1939
3s 1957 opt 1941-1943

117

103

to 2.70

1.25

4%s 1954

110

114%
121%
112%

b 2.40

Board of Education—

115%
108%

116

b

1945-1948
4s 1949-1950
4s

2.70 %
%.

1.50

to

2.85

to 3 00

3.00

to 3.05

%

b 1.00

to 2.25

%

b 1.25

to

3.00 %

2.70 %
%

„

110

Evanston s d No 76—

j&j
j&d

m&n
4%s 1956
j&d
Quebec City—
5s s f (non-call) i960-m&n
Saskatchewan (Province)—
5s 1943 (non-call)—j&d15
5s 1959 (non-call)
m&n
j&j2
4%sJuly 2 1945
i q-v;

4 %8

Mar~l5~f960"—m&s

96%
99

98

100%

——

—

——

4 %s June 1
1938-1948—
Forest Preserve—

—

48 1956 opt

4s 1956 opt
4s 1956 opt

100

98%
109%
112%

111%

103%

105

114

72
66

—

—

62

65
65

59

62

to

to 3 00

3.00
2.50

to 3.05

2.25

to 3.00

2.00

to 3.25

j&d

b 2.50

to 3.00

a&o

b 2.00

to 4.00

b 1.50
b 2 .00

to

1939-46.j&j
Lake Co 5s Road '39-'49.f&a

Jackson Co 4%s

4%s

to 3.50

1939-1944
indiana

___

Elkhart 4 %s ww '39-75

Evansville 4s ref 1942
—

j&j

Fort

Wayne—
4%s 1938 to 1941
1942 to 1946
1947 to 1957

101%

gold rouble bond, equivalent to 77.4234 grams of pure gold,

1.50
2.85

1945-'47
4s 1956 opt 1948-'52
Granite City 4 %s 1939-48 j&d

69
73

70

1.00

1939
1940-'44

River Forest s d No 90—

75

62

m&n15

100

—f&a f 28%
47

(Bank of the) 1st 6s
Sydney (City) n s w—
25-yT 8 f 5%s 1955

2.25%
2.25 '
2.90

idaho

100

1938-1944

„

%

1.25 %

95

Woodbury 6s 1938-1949 .j&d

Imp *38-'50—j&j

4s Nov 15 1957

1.25
1.25

Jan

Ware Co 5s Road 1938-49 j&j
Watkins s d 6s 1938-50.m&n

98
98
93

3.10
1.25
4.00

Spalding Co1—5s '39-'49_-j&j
Swainsboro 6s 1939-50—a&o

46%
46%

1.25;

2.50

4%s Drainage 1944
f&a
4%s Refunding 1959--f&a

3.75

4s 1940-1944.

4 u«

Silesia (Prov) Poland—
Extl s f 7s 1958-

Sllesian Landowners

27

to 2.75

113

m&n

Deb 4%s Sept 15'52 m&s15
Deb 4%s 1960
m&n 15

1949

to

1.25

1.25

Commissioners—

3 %s s fxieb 1952
4 %s 1961

to 2.50

3.00

to 3.00

New Brunswick—

3%s

to 2.40

2.00

1.50

Metrop Co 4%s '53,'54&'61
4%s May 1. 1965
m&n

Quebec (Province)—
8-yr 2%s 1944
15-yr 3s 1951

to 2.25 %

j&j

1.50
2.25

90

4%s non call 1958.m&n 15
4%ssf Apr 15,1961 a&015
4%s 1955.
m&s
North Vancouver 5s '60--j&j
Nova Scotia (Prov)—
Deb 5s 1960
m&s

%

2.00 %
2.50 %

Pulaski Co 5s 1938-1948.-j&j

93

4%s

to 2.50

4s pav & Sew '38 to '39-j&j
Marietta 5s ww 1939
f&a

87%
84%

5s July 1,

to 2.50 %

112

90

4%s 1938-1942
4%s
1943-1960

%

2.25 %
2.00 %

111%

105

1969

%

to 4.25

107

103

Harbor

to 2.50

111x4
110%

Lachine p q 5s 1954
j&d
Manitoba (Prov) 5s '44-j&d2

4%s May 1. 1945
mvn
4%s Dec 15.1956.—j&d 15
Montreal 5s Dec 1, 1945.j&d
5s s f Nov 1. 1956
m&n
4%s May. 1954
4%s Jan, 1944
j&j
4%s 1938-1939—a&015
4%s 1940-1951
a&o 15
4%s June 1. 1971
j&d
4s May 1,1944
.m&n
3%s refdg May, 1939.m&n

2.00'

to

106

105

6s Munic

Rep extl

89

Macon—

102

4%s

9

8%

j&j

5s 1959

9%

90

108%

%

a&o

4s Elec l & p 1941

5%s 1946

57

1942

Santa Fe (City) Arg
7s 1945
4s 1945 stamped

8

91

109%

'48.-j&j 15
a&o 25

58 Jan. 1951
Hamilton—

10

23

93

109

a&o 15

Edmonton (c) 5s '45&'50a&0
5ssf 1955 & 1960
-a&o
Halifax n s 4s July. 1945.

13%

24

-------

95

Crisp co—
Hydro-elec 5s '39-'57. f&a
Dougherty Co 5s *39-*48 m&s

a&o

Ontario (Prov) 6s

14
5

4s scrip
8s 1948

.

Cordele 5s w w 1938

4%s Jan 15, 1942—j&j 15 I t§x
Deb 4 %s 1956
a&o /, 45%
4%s Jan 15. 1957.
j&j
45%
4%s July 16. 1958
j&j
45%
4%s Apr 1, 1961
a&o
4%s June 1. 1967
j&d
45
Debenture 4s 1954
j&d

5s Nov 1,

Russian 6%s June 18 1919—
Certificates of deposit—

90

104

102
104

4%s 1938-1946
j&d 29
4%s 1947-1956
j&d 29
4 %s s f deb Jan 23 '69 j&j23
Calgary 5s July 1,1945... j&j

6%
62%

Rome extl

89

Aix
102

'

Brit Col (Prov) 5s
5s Apr 25. 1954

(State)

8ul

Gold 5s 1948—
5s 1950

101%
98%

49%
-j&j
a&o / 49%
j&j f. 46%

A*

49

7

Rio

4%s

Gold 5s 1959

11%

95
93
88

103%

a&o
m&n

8%

1946—a&o
1953
f&a

6s 1933

•

101

m&n

Bonds)

Rio de Janeiro 8s
s

88%
97 %
"

1944.a&0

5s Nov 15 1941

101

98

m&s

15-yr 4%s 1940
Refunding

102%

100%
101%

b 3.75

Athens—4%sJune 30 1943— b 2.50
Atlanta—4%s Jan 1 1940.j&j b 2.25
5s Water 1939-1951
j&j 6 1.25
4%s 1938-1956
_j&j b 1.25
2.25
Augusta—4%s Flood*42 m&n
2.75
Bibb Co 4 %s 1948-49—m&n
1.25
Clarke Co 5s 1939-1944. .j&j
1.25
Columbus—5s 1938 1944. j&j

101

102

j&j b 1.25
j&d & 2.75

-

Road 5s 1949-1953.—

99%
99%

98%
100%

2%s Jan
8-yr 2%s 1943
7-yr 2%s 1944
m&n
10-yr 2%s 1945
f&a
20-yr 3s 1955
j&d
3s perpetual
— .m&s
3s Jan 15 1967
j&-^
14-yT 3%s 1951
m&n
25-yT 3%s 1961 opt '56 j&j
15-yr 3 %s. 1949
a&o
20 yr 4s 1952
a&o
30-yr 4s i960.
—a&o

21

Rhine-Maine-Danube

Extl

m&s
-j&j
-j&d

70

—f&a

See Industrial

1941
15 1944

99

j&d

'

6

Dollar funding 3s 1956. a&o / 24
Coupons 1936-1937
f 35
Porto Alegre (City) Brazil—
7%
Sinking fund 8s 1961 —j&d

Prussia 6%s
6s 1952

102

96
96

44

Poland (Rep of) 6s 1940.a&o
Stab'n 1 s f 7s 1947-a&o 15
Extl s f 8s 1950.
j&j

78 1 968——

106%
107%
104%
103%

notes

_

1939

Is (1%-yr)

New South Wales (Australia)5s extl

4%s ref 1938-1945
Albany—5s 1945
Appling County—

canada

,

98

85
80
102
93
89
87
86
85

4%s non-call 1944—m&n
4%sJune 1 1946
j&d
4%s June 15 1950--j&d15
4s Aug 1 1946
f&a15

(American Dollar Quotations)

42

95

georgia

Dominion of Canada—

54

var

4%s 1942 and
Verdun deb 5s 1954

ii"

"99"

95
93
91

var

Winnipeg. Man 5s 1944.. a&o

20

106%

105
100%
96%
92

j&j14
1967—f&a

24%

41%
50%
21%
21%

6s '52—m&n /
7s 1958.-f&a /
Bk) 8s 1941 /
Westphalia (Prov Bk) 6s 1933 /
/
6s 1936.
/
5s 1941
Wurtemberg 7s to 1945-m&n /
Yokohama extl 6s 1961--j&d
Warsaw (Land m

110

115
103
107
108
112

5s 1950 & 1951 var
5s Jan 15 19701

43%

49

16

5s 1940 & 1941
5s 1945 & 1946

_

Nov '32-May '35 coupons..
Nov '35-May *37 coupons..
Munich Bank—

j&d

j&d

a&o
a&o
—a&o

50

7" 12"

-----

_

1940-1949
1950-1959

4%s 1946-1961
a&o
4s £ July 1 1948
j&j
3 %s July 1 1944-1945.-j&j
Vancouver. b c 5%s'39.a&o
5%s 1952
f&a

38

Vienna (o) extl
Warsaw (City)

37

5s

Net

100
110
102

j&j
j&j
j&i)

1938-1939

4%s 1939
4%s 1940-1941
4%s 1942-1945

39 %

-a&o

a

5s

g*

39

2

7%

7%

Toronto 6s 1938-1940
5s 1940-1950

38%

"

To

Ask

Bid

Bonds

Net

5s

m&n

Extl sf 6s 1964

5

ield Basts
or

45

53%
9%

4

South Wales

Mexico (Republic)—
5s extl loan of 1899

43

2%

Metrop Water Serv—See new
Mexican Irrigation s

Ask

Tokyo (City of)
5s of 1912-1952
m&s
Extl s f 5%s 1961-----a&o
Tolima (Dept of) 7s 47-m&n
j Union of Soviet Soc Republics
Gold 7s 1943

Cities (Concl.)

f

Bid

Bonds

Net

it Foreign Govts, -and

>

To

or

To

or

Bid'

93

BONDS

the closing day of the month preceding the date of issue

b Basis. / Flat price,

k Last sale,

n

.

2^10

_

a&o

a&o
a&o b 2.50

Nominal.

to

1.90
2.40

to

3.25

1

94

AND

STATE

MUNICIPAL

BONDS

Quotations for all securities are as near as possible for the closing day of the month preceding th
Yield Basis

Bonds

Bid

Fort Wayne School Dist—
5s Oct 1 1938-1943

b

Indianapolis—
1.50

5 Ms Track Elev '39-'47_J&J
4s Fire Dep J'ne 1 '41-J&J

4%s Sch J*ne 15'40 J&D15
4%s 1939-1955
J&J 6 1.50

Indianapolis S D—
4s Bldg Sept 1 1946—J&J
J&J
1.50

5s Oct 20 1938-39
A&O
So Bend 4Ms W W '43-M&N
1941
South Bend School

4Mb

Impt

»

2?50

«■ mm m m

M&S

6 Ms

2.25

Bossier Dist Levee 5s '54-A&0
Caddo District Levee—
5s 1951

City—
1939-1948-F&A

2.00

to 2.75

%

IOWA
1938-1942

Cedar

Rapids 4 Ms'49-'53M&N

Clinton

J&D b 0.50
b 2.50

3.50
97

105M
102%

|%s Sewer
5s1969

108

104M

104M

18?8

107

108

107 M
108

108%

A&O

15

F&A 15

less

4 Ms 1940-1941
M&N b 1.20
Des Moines 5s 1938-'57—J&J b 1.00
4Mb W W 1938-42...J&D b 0.75

to 1.35
to 1.50

5s Doc 1952 opt 1942..J&D

101M

to 1.25

New Orleans—Public Belt—
5s 1939-'44 opt 1939-J&J

101%

to 1.00

less

1

b 1.90

less

1

less

1

b 0.75

less 2
less

b 0.75

to 2.00

b 0.50

to 1.00

4Mb Water 1938-42—_A&0 6 0.75
4Mb Water 1943-'44_ A&O b 1.75

to 2.00

1

1.30

Woodb'y Co Fund 2M8'42-'46

to

102

_

104

.I 4.00

100 M

3.80

5 0.40

to 1.80

4Mb May 2,1939-67.M&N2

Tensas Basin Levee District—
5s Jan 1957
..J&j

4s

to 1.00

40
to 1.75

Bridge Revenue Refunding—
Project No 1 July 1 '50 J&J
Project No 2 July 1 '50 J&J
Project No 3 July 1 '50 J&J
Project No 9 July 1955 J&J
Project No 8 July 1 1945
Project No 10 July 1 '50 J &J
Project No. 11. 1952
Project No 12. 1947
Project No 13 1953
Project No 14 1945

102
102 M
102M
102 M
102 M
102 M

103

103

101M
101M
101

101M

102 M

...

103 M
103
103
102 M
102 M
103

6 0.75

to
to

2.30

to

1.00

4s

July 1938-1939
J&J
July 1952-1958—J&J

Portland Water District—
4s Funding 1948.....J&D
2 Ms Water May 1 i953
Saco 4s April 1939
A&O
South Portland Sewer Dist—
4s 1938-1950
M&N
Waterville 4mb 1940-50
Westbrook 4mb 1938-48

2.00

5 3.80

3.65

102 M
2.40

—J&D
Louisville—5s Sch 1962..A&O

103
2.20

3.40

3.20

3.00

2.90

2.60

to

1.90

2.90

3 Ms July 1,1938

2.85
2.90

F&A 5 2.50

2.30
2.55

5 2.70

F&A

2.95

2.90

J&J

2.95

2.90

J&J

1.70

1941..-J&J
Sewer—J&D

1.50

1.50
1.25

3.70

3.60

6 1.25

5s

3.80

1939-1961

5s Gen Imp 1943-45
58 Water 1961

^3 .'60
4.00

to 2.25
to

to

2.00

2.75

to 2.00

2.00

to

3.00

to

5s series F Mar 15 1943
4s Jan 1 1942-1956
3 Mb Jan 1 1957-1961

State Pension 5s Dec 31
6 Basis.

/Flat price.




5

2.75

5 2.50

to

ho

less
to

1938

J Less

3.00
M
3.70

ho
1.25

1%.

* Less

1.

3 Ms Impt 1940.—
3 Ms March 1945

1
%

2.65

to

1.75

to

1.50 %

to

1.60 %

l.QO

to

1.50 %

to

1.50 %

to

2.00

6 0 .50

to

2.20 %

6 2.50

to

2.60 %

6 0.50

to

1.60

6 0.50

to 1.80

6 0.40

to 2.25

62.00"

6

'39 '54 tax-ex

6 0.25

to

6 0.50

to 2.50

0.50

1939-1946...m&S

michiganp k

6 1.00

to 3.00

3:50

6 0 50

less

%

1.15

less

%

1.15

less

J&D

1.05

less

%
%

1.30

less

1.35

less

1

6 1.20

less

%

4%s Sewer 1938-40..M&N 6 1.50
Battle Creek S D—
4Mb 1939-1949...... _F&A 6 1.50
Bay City— /

to 0.90

60 50
6 0 50
6 0, 50

to 1.20

5Ms

to 1.20
to

%

1.90 %
to 1.60
to 1.60 %

1.15

Ann Arbor—
W W ref 4 Ms 1938-1948
J&J 6 1.50
3 %s 1944-1946
6 2.00
Battle Greek

to 3.50

I

to

J&J 15

.

to

1.80

F&a
Impt 1944 A&O
Impt 1942..A&O

l".50

61.00
6 2.50

0°90

a&O

4 %s Highway
4s Highway

2.25

1

(tax

4$s Highway 1943

to 1.00

6 2.35

1.00
6 1.10
6 0.50

.

m&n

Highway 1940

6 0.75

.

ili8 SSM5 1941.....A&O 15
§ Hs Highway 1941
J&D
Sb

2.50

w w

1938-1951._.M&S

6 1.50

1

to 2.25
to

2.15

to

2.00

to

2.50

to

3.25

Dearborn—
4 Ms Sewer '46-'51-'56-A&0 6 3.40

to 3.80

Detroit—

2.10

General 3 %s callable

83

85

to 2.10

4s

85

87

to 2.10

4%s
4Mb

88

5s

4.90

to 2.50

6 1, 60

to 2.00

(Long)

91

non-callable..

Water 4s

90

92

lessl%

3.80

3.70
3.75

6 3.85

lessl%

3.75

4%s,
4%s

A&O

.

Refunding Water series D—
to 2.50

J&D
M&N

School 1939

3.15

to 1.s0

to

to

_

to 2.00

to 2.60

M&S
M&N
4s
1945-1971
M&S
4s Regis'd stk 1946-57 M&N
4s 1938-1944
A&O
4s 1956-1965.
M&S
4s 1972-1975
M&S
4s

%

1.50 %

cjt^

registered 1946—•_-M&S
4Mb Mar 1, 1939-'55
M&S 6 0.50
Aug 1. 1951
F&A

Short Term Bonds—
State Highway—
5s series A. B & O 1940-1943 5 2.00
5s series A Mar 1 1943

to 1.60

to

Winchester 4s 1939-1943 a&o 6 0.50
Worcester 1 M" Apr 1 '39-'46. 6 0.60
Mexico
See
Foreign Govts page 93

2.75

4s

4s Annex 1954
4s Parks 1955
4s Mar 1. 1961

to 3.00

2.75 %

4s Mar 1

5s

LOUISIANA

1.30

Somerville—■,
4s July 1 1948-50
J&J
Springfield—
4s 1939-44 (tax-ex)
F&a
Waltham3%s 1938-45—F&a
4s 1938-1960
F&a
l%s 1938-1947
F&a
Warren Water District—
4 %s 1939-1953
F&A
Wellesley (Town)—

to 2.30

A&O 6 0, 50

M&S

1*'80
3.30

to

5%s July 15 1941

1939-1951
A&O 6 0 75
1940-1952 June & Aug 15... 6 0, 90
Annapolis 4mb W W *42.A&O 6 2, 60
Baltimore—

Paducah—

4mb w w 1938-1970..A&O
Warren Co—4Ms '39-'59 J&J

to 1939--

MARYLAND
4mb Rd & Bdge 'SS-^OJ&D^
4Mb 1938-1942
J&D15
4 Ms
1938-1942
J&J
3s ctfsof indebt '39-'50--A&0
2mb ctfs of indebt,

2.80

2.95
5 3.00

2.20.%

Salem 4s Jan 1

to 1.75

2.50

4 Ms

to

Quincy 3 Ms 1939

3.75

n

2.00,%

A&O 6 1.90

1.25

4s Dec 15 1938-1944...J&D 6 0.40
2s Dec 1 1938-1955—J&D 6 0.30

2.75

Portland—

3.25

to

New Bedford—
4s
Sower
1939-1941

108

to 1.00

5 3.50

5s S D 1938

1950.F&A

1.00

106 M

3.50
to 3.30
to 3.45
to

Portland Bridge Dist (taxable)

5 3.50

to 2.60

to

nu,

3.25
3.25

5 2.25

to 2.60

A&O 6 0.30

.

4s O H '39-'45 tax ex.-A&O 6 0 75
5 3.50

3.00

4%s 1939-43 (tax-ex).A&O 6 0.50

110

6 0.75
4s Highw &
Bdge '38-'39 M&N I 0.75
4s Highw &
Bdge '40-44 M&N 6 1.50
4s State Pier 1939-1942—M&S 6 0.75
3 Ms 1938-1939
6

3.55
3.85

to 3.10
to 3.05
to

to 2.65

Pittsfiold—

H'way & Bdge 'Sg-^.A&O
Sept 1, 1938-1953
M&S

4s

4mb s i '42. '47 & '52M&s 5 3.60
Bowling Green -5b 1955 .J&J 5 4.00
"
^
„

Hospital 1951—M&s
4Mb Rer 1965
J&D
4mb Jan 1 1970
F&j
4mb Sewer 1969
J&A

109

4Mb 1938-1945
M&N b 1.00
Kennebec Water District—
4s Ref May
1, 1950—M&N 6 3.00
Old Town Water District—

Ashland—

to 3.10

2%s Oct 1 1938-62._A& 6 0.30

4sl.939(tax-exempt) —_m&N
.ds 1940—51 (tax—ex)
m&N
Maiden 4s '38-'44(tax-ex) F&a

106

Belfast 4mb Ref '38-'50 M&N 6 4.00
Brewer High Sch Dist—

102 M

50

to 2.50

School 4%s 1938-41...J&D 6 0.50

108

M&S
0.75
3 Ms 1940-1951
M&S 6 1.50
2s Improve'mt 1938-56 —A&O 6 0.75
Auburn—
4s 1938-1940 tax-ex
J&J 6 0.75
Augusta—4s Oct 15 1938-1955 6 0.75
4s Wat Wks
Sept 1 1938-40 6 0 75
Bath 4s Ref 1941 tax-ex.J&D 6 2.50

KENTUCKY

Covington—
4 Ms Fdg 1938-48—
F&A
4MB 1938-1950.
A&O
4Mb WW 1939-51
J&.l
4s Fdg 1952
opt '42—F&A
4mb School Jan 1 1939-69..
Henderson County—
4Ms R&B Oct 1 '38-'56 A&O
Lexington—4s 1945
F&A

106
104

MAINE

%
5s

3.00

Lowell—

to 1.80 %

5 0.40

3.25
to

Lynn—

5s Dec 1, 1938-1969...J&D 6 2.00
4Mb W W & Sew *38-*54J&J 6 1.00
m

3.20

Medford—
3 %s 1938-1942 tax-ex.M&n 6 0.50
Needham—

Shreveport—

2.00

1.00

4%s 1939-44.
.m&n 6 0.90
Holyoke—
4%s 1939-50 (tax-ex) F&A 6 1.00

102

1.90

5 0.85

6

4Mb 1939-1941
.m&S 6 0.75
4s 1939-55 (tax-ex)...M&N 6 0.75
Franklin (Town)

to 3.10

2.00

5 0.40

50

Chelsea 4s 1958
M&s
Everett 4s 1941-1956—J&J 6 1.70
Fall River—

109

1.80

3.25
3.40
to 1.00

Brockton—
4s 1938-1947 tax-ex

108

1.70

3.50

Braintree—4s 1938-1941.-J&J & 0.30

—

104

107

0.85

Owensboro—5s

A&O

L

District—

4s Oct 1 1946-1949

106

Sedgwick Co 4Mb 1940
Shawnee Co 4mb 1944
Topeka 4 Ms 1948
Topeka S D 4Mb Mar 1 '39-'46
Wichita 4mb 1938-46...J&D
Wyandotte County—
4mb Bridge '39 to '41-F&A
4mb
1939..
J&J
4Mb
1940-1945
J&J

1.80 %

3Ms May 1 '45 (reg).M&N
3s Bridge 1941—
.F&A

M&N

1.10

to

Cambridge—

5s July 1968
J&J
Red River A & B B District—
5s 1950 Series B
A&O
5s Mar 1953 opt 1943.M&S
5s 1965 Series D
F&A

to 2.10

%

2.70

104

6s 1944

%
%
%

l".25

2.60

Metropolitan

Pentchartrain District—

to 2.30

to

J&D

101

5s Oct 1952

2.10

1

to

3.10

6 1.00
* 1938-1956.M&S 6 0.60
2 %s 1938-1955
J&D 6 0.75

Plaquemine Parish e Bank—

Reno Co 5s 1941
Saline Co 4Mb 1945

Sewor 1965
4s Jan 1 1970—..
3 mb
Ref 1943
3s Sew & Park

3 Ms Junel 1944

J&J

1.70

to 2.30

1.20

1.75
2.25
to 0.75
to

3Ms July 1 1945 .—J&J
3s April 1 1939-1957
2% April 1 1939-1957
I

„

0.40

Board of Education—

4a

J&J

Orleans Parish Sch Board—
5s 1938-1944
J&D b 2.00
5s 1945-1967
J&D b 3.90

1.25

to 2.25

1941 .J&.T

July 1940-1949
J&J
5s July 1950-1959
J&J
*4 Ms 1939-1961
A&O
•4 Ms Sept 1. 1938-'68_M&S
4 Ms Non-callable 1952 J&D

S85
0.40

4mb 1939-1953
4mb 1938-1953
Sch Dist 4Mb 1939-W&J b 0.40
Leavenworth—
4mb Water 1939-1947-J&J 5 0.40
Leavenworth Co 5s 1945—
McPherson 4mb 1945

1.30

2%sser A 1939-58..m&S 6 0.40
2%s ser B 1939-62... J&J 6 0.30
6 0.75
2Ms Dec 15 1938-1960

b 95M to 97
101
102
1942-1964-M&S &2ig0 to 102

4s Mar.

0.40

F&A b 0.40
J&J b 0.40

0.50

4s Sub 1958 tax-ox
J&J
4si Tun & Sub'59 tax-ex.J&J
3 %s 1938-1951
M&S 6 0.50
3 Ms June 1 1943
J&D

District—

5s

F&A
4Mb Wat & Light 1944-J&J
4M8 Wat Plant Phr '39_ J&J
4M8 Imp July 18 "49..J&J

1.50

J&J

4s Tunnel & Sub 1948.J&D
4s Sub 1957 tax-ex..._A&O

102%

Levee

o

2.10

to

__J&J
m&S

4%s Sept 11981
M&S
4%s Tun 1960 tax-ex..A&O
4%s Doc 1976
J&D
4s 1938-1939 (tax-ex-).. J&J 6 0.50

104
108

3 Ms July 1 1953-1968
4s July 1 1940-1952

KANSAS

Kansas City 5s 1942

to

4s Pub Impt 1942

^

1.90 %

to 1.90

to

3.50

Boston—

-

3.25
3.50
3.60
3.30

103 M
107 M

1
Orleans District—
5s July 1938-1939

Soldiers' Compensation Bonds
4Mb, 1938-1952
...J&J b 0.25
4s. 1953-1954
J&J
Crawford Co 4Mb 1939
Hutchinson—
4 Mb 1939

4a

to

Orleans

1

.

Sewer 1947
Lou W Co

to

b 3.25
& 3.20
b 1.25

4s Pub Impt '52 opt '42.J&J

2.401%
2.201%

to

less

& 1 25

1939-1945
J&D
1945-1960—
J&D
1961-1980
J&D
4s 1939-1950
J&D
4s Constitutional 1942.J&J

to 2.05

2°10

—.

4 Ms

to 2.50
less 1

0.75
1.25

J&J

Sioux City S D 5s 1941—J&J

4s

-

Borgne Dist Levee—

4Ms
4Ms

to 2.00

to

6 0.25

Beverley—
4s 1939-1945 (tax
ex).M&N 6 0.60

Sewer and Water—
to 1.50

Sac Co 2Mb May 1 1939-47— b 0.75
Sioux City 6s '38-'45 .F&A15
1.00
6s Ref Aug 15 1940—F&A15
1.25
4 Ms Sewer 1939-47.-M&n
1.00

2mb 1938-1956

107 M

3.50 %

104

..

4s 1946-1956
A&O
101 M
102%
4 Ms serial gold 1939-45
b 1.25 to 3.20
4Ms serial gold 1945-60
b 3.20 to 3.50
4 Ms serial gold 1961-80
b 3.50 to 3.60

Marshalltown Ind S D—

M&n

107M
108 M

105 M

to

3.40

1Mb Pub
Wks..Septl5'38-'40 6 0.40
Is Pub Wks Feb 15
1939-41.
Arlington 4s'38-'42(tax ex) J&J 6 0". 30

109

4Mb 1939-1944
A&O b 2.25 to 3.20
4 Ms 1945-1966
A&O b 3.30 to 3.90
Public Belt Bridge Rev—
4s 1939-1945
A&O b 3.00
2.75

b 2.10

5s City HalJ 1939
Marshal 1 town—

J&J
A&O

3.50 %
to 3.40 %

6 3.50
6 3.60

1938-1947—J&D 6 0.25
2%s reg July 1 1938-67
6 0.25

Levee—

5s Jan 1954 opt 1944
5s 1956-1970Lake

to 3.25

b 2.00

4Mb 1944
4s Sept 1 1945-—'-1M&S
Fort Dodge 5s Fund '39-A&0
Lee Co Prim Road 2%s_1948
Lyon Co 2Ms May 1 1939-47

Basin

1.00

1938-58.J&J 6 0.25

3s g0^^ly * 1939—

102%

Lafourche

to

ref (tax-exem)_J&J

3s gold Water Jan 1
2 %s Dec 1

104%

6s Gen Oblig 1938-40—J&J b 0.75
Des Moines Ind S D—
4Mb Sept 1 1945—M&S 5 2.00

1

J.20

1.25

1973—_J&J

3Ms Water 1942.
3 Ms gold
July 1944

105M

2Ms 1942..M&N b 1.30
Davenport Indep Sch Dist—
4MB 1939-1940
M&N b 0.75
Co

g

4s Water
registd

%M8

105 M
105 M

106

2.65

massachusetts
1938-52 (tax-exempt)._Var

4s

%

106 M

105

2.25

4Mb 1939-1968
m&N 6 2.00
Washington Sub San Dist—3Ms Wat & Sewer '87.M&N 102

3.40

to 3.40

Ask

Montgomery Co—

"3"50

to

Bid

Baltimore— (Cont.)
3 Ms
Refunding 1952—.J&J
3 Ms
Sewage Impt *80.A&O
Cumber d 4 Ms W W '41. A&O
Hagerstown—
6s Water 1938-1987—A&O
4%s 1938-1987
A&O

3.50

104
104
106

5s 1959-1969
5s 1972

to 2.90

Bonds

to 3.50
to

J&J
J&J
'52.A&0

J&J

—

5s Oct 15,1963
5s 1957-1967

to 1.00

to

or

Net

A&O 15

opt 1941

Fifth District Levee—
5s 1950 opt 1940
5s 1952 opt 1942
5s Oct 15,1962 op

4MB

Ask

Bid

S

3 Ms City Hall 1939—J&J

3%s July 1 1941

Bonds

Long Term Bondsto 2.25
State Highway—
2.50
4Mb series D & E 1944-55- 5 3.40
5s series F Mar 15, 1945-48- b 3.45
to 3.50 %
5sseries k July 1,1947-49-. b 3.45
3Ms series R 1941-60-.J&J
96
to 2.50 %
3 Ms series Q 1941-60—J&J
104M
2.00
4s ser S 1941-1957
J&J
101M
1.75
3 Ms series S 1958-1960-J&J
100
to 3.00
State Pension 5s June 1,1948. b 3.60
50 Capital Bldg 4mb Aug 15, '52 b 3.45
Atchafalaya Levee Dist—
2.25
5s Sept 1938-1972
M&S 6106%
2.00
5s Dist ref & imp 1949.M&S
104
to 1.75
Baton Rouge—5s '39-'54 M&s & 3.20

2.50

Yield Basis
To

or

Net

Ask

1.50

Gary Sch City 4%s Oct 1943..
Hammon (City)—
4s O H 1942-1956—J&J30

date of issue

Yield Basis
To

or

2.25

2.30

2.35
6 0 50
6 2, 00

to 2.40

6 2, 00

to 2.30

6 0, 50
6 2. 30

to

to 0.90

to 1.90

2.50

3Mb Oct 1 1951-1961
3%s Oct 1 1938-1950
3%s Oct 1 1948-1950
48 July 1 1938-1947
i_
8treet railway 4Mb—
'62
Refunding 3 Ms '57-'( J&D
Refunding 4s '38-'50„J&D

6 3 .60

3.50

6 2 .00

to 3.50

6 3.60

lessl%
to 3.60

less

1

4.70

t 3.00

to 4.85

X 3.00

to 4.60

General 3s Oct 1 1959-62... X 4.75
Water 2%s Oct 1 1938-62.. * 1.00

to 3.50

General & Street

Railway—

3%s Oct 1938-59

J&J

Refunding 2%s 1951-63 J&.t * 4.75

M&S

Refunding 3 %s 1939-50 J&J t 3.50

4.70

%

4.70l%
to 4.75

%

STATE

June, 1938]

MUNICIPAL

AND

Yield Basis

Yield Basis
\

To

or

Bid

Bonds

Flint 4Mb 1938-54
M&S 15 b 2.00
5s (Mar 1 & Apr 1) *39-'50— b 2.00
Flint Union School Dist—
5s 1939-1954
M&S 5 2.00
5 2.00
4Mb Mar 1 1939-1939

to 4.50

Kansas City—

to 4.60
to 4.60

to 2.10

5 2.10

to 3.00

Grand Rapids School Dist—
4Mb 1938-1943
M&S 5 1.50

to 2.60

3s Sept 1 1941-1945--M&S

^

%

Highland Park—
4Mb

5 3.70

April 15 1957

less

1

2.50

5Ms May 1 1941

4Mb School Nov 1 1954
Jackson 4Mb 1939-47i.A&016 5 2.00

4Mb July 15 1955
Jackson Union S D—
4Mb 1938-1945

M&N 5 2.00

3.70
to 4.00

to

4%!0

4Mb 1938-1946

—J&D

Muskegon 4Mb 1939 44--J&J
Muskegon S D 5s 1942J—July

5 1.00

to 2.75

5 2.50

less 1

Pontiac—
83
Refund 4-4 Ms 1964 opt 1937
5 4.50
4Mb School June 1 1955
5 2.50
Port Huron 4 Hs 1942

4Mb Sewer

1
less 1

less

to 3.00

1938-51—J&D 5 1.00

to 3.00

Wayne County—
5 1.50

to 2.50

5 1.50
Voted bonds.
4 J^s Airport April 1 1948—

to 2.50

Covert roads

1950- 6

4Mb 1938-1947—..
4Mb 1938-1942

5 1.75

M&N

4s
1938-1946
J&J
Duluth Ind School Dist—

0.50
1939-40
M&N
0.50
5 Ms Bridge 1939-40.-M&N
0.50
4Mb Sanitarium '38-'42 J&J
0.50
4Mb Hospital '39-'41..M&N
Minneapolis—
5s 1940. 1943, 1945.1946.
1947, '48. '49. '50—.J&D 5 1.75
4Mb Apr 1939-1952...A&O 5 0.75
4MB 1939-1940
A&O 5 0.75
4s improvement 1942-J&D
6s Bridge

4s 1944
3 Mb 1938-1941
2.60s 1939-1966

M&S
2MB 1940-1967
M&S
2.30s 1938-1947
M&S
2.20s 1942-1959
J&O
2s 1939-1946
A&O
1.90s Oct 1 1938-46...A&0

-

Public

-

bldg

Public

bldg

to 2.25

to 0.85
to 1.59

1.60

to 2.05

2.00

to 2.15

0.85

to 2.00

to 2.60

2.60

to 2.10

to 1.70

6

to 2.10

1.60

b 0.90

to 2.10

b 0.89

to

%

b 0.50

1.20 %
to 0.80 %

b 3.00

to 3.50

%
3.50

5Mb Sewer 1$39
J&J
4Mb Wat & Sdw '39-'50-J&J b 1.25

1.50
to

3.00 %

to 2.30

to

5 0.75

to 2.35

Beatrice J D 5s 1939-54—F&A b 1.00

to 3.00

5 2.10

to 2.50

5 0.75

to 2.25

to 2.50

to 2.25

Douglas County—
5s Highway 1938-46.-A&O
Holdrege 8 D 5s 1938-55-J&D

b 0.59

5 0.75

b

1.00

to 3.00

b 0.50

to 3.09

to 2.60

McCook Fund 5s '38 43-F&A b 1.00

to 2.50

to 2.40

North Platte Sch Dist—

NEBRASKA

2.70

to 2.30

1939-1953

J&J

4Mb 1938-1959

5 3.00
5 0.75
5 2.75
5 0.75

5 2.25
5 0.75

less 1
to

b 0.50

to
to

J&J

4Mb 1938-1955

3.00
2.70

4s
5

1.25
5Ms Impt 1939-1946
M&S
5 1.75
1Mb May 1 1939-50
4MB Impt 1953
J&J
4Mb Flood 1938-53
A&O 6*1.25"
Blloxl 5 Ms
1939-1943-A&O

97
97
Non-callable bonds
Greenville 5sfund '43-'60 F&A 6 2.75
Jackson—
5 Ms 1939-1954
A&O 6 1.50
4Mb Jan 1 1939-1952—- 6 1.50

to

6 1.50

4Mb 1938-1952
M&N
Jones Co 5s 1939-1942 -M&N 6 1.50
Meridian 5s Dec 1 1939-J&D

4Mb School House 1941 J&J
Mississippi Levee District—
5s May 2 1944
M&N 6 3.00
5a July 1 1953
J&J 6 3.50
Vicksburg—
5s Pub Imp 1938-48—-F&A 6 1.50
Yazoo-Miss Delta Levee Dist5a 1938-1954
M&N 6 1.50

3.15

July 1938-1948

4Mb 1942
J&D
4Mb *38. '40. *42. '44.M&N
Keene 4 Ms 1938-1942—M&N

*3*. 10

Manchester—
4s 1938-1940—

100
to 3.50

4

1948-1950--M&S

Bridge
4Mb
4Mb
4Mb
4 Ms
4 Ms

to 2.50

to 3.10
to 3.60

to 3.00
to 3.50

.40

2.00

0*70

to

M&S

1943-1947
M&S
Road 1944-1948
A&O
8 Nov
1 1948-1952
M&N
Ms 1948-1952
J&J
Mb Road 1938-1942
■ Road 1953-1957
J&D
■ Building 1939-1941
J&J
is State Bldg 1940-44—F&A
iuchanan County—
Ret 3s 1943-1956
J&J

6 1.20
6 1.50

to 1.80

6 1.80

to 2.15

6 1.90

to 2.10

6 0.35

to 1.10

6 2.00

to 2.10

6 0.35

to 0.90

6 0.75

to 1.40

6 1.75

to 2.25

Ms 1943-1946

-

ackson County—
4b 1938-1951

odd <NiO<N ICOI

—J&J

1949
J&D
Road 1939-1952--J&J 6*0*. 50*
Court h'se *39-'52 J&J 6 0.50
(School District)—

1943-1948

to 1.70

to 2.90

J&J15

6 1.90




to

0.75

to 1.90 %

1.90

1.60

%
1.80,%

1.00

to 2.00

1.00

to 1.65

1939-1940
Delaware River

<;•

%

3.15 %

to

to

3.00 %

to 4.00
to

%

3.00 %

k.
;<j

%

to 4.10

to 4.20

4.75

4.75
to 4.25
to 4.10

to

81

77
100

_M&S
Joint

Com.

6Ms Dec 1 1938-1946.J&D
6s 1939-1972
J&J
Englewood—
5s 1939-1944
A&O
Essex County—
4 Ms 1939-1960
M&S 15
4s Hospital 1946
F&A
Essex Fells (Boro)—
5s July 281938-1960
Fairview—5s. 1944
J&J
Glen Ridge—
4 Ms Mun Bldg 1938-70 F&A
Gloucester City—
4Ms 1938-1966
J&D
5Ms Water 1939-1963.M&S

to

to 2.20

3.25 %

116M
to 3.20

%
%

to 3.50

1.25

to

3.10 %

1.75

to

1.50

to 3.60

3.60 %
%

1.75

to 4.00

%

b 1.25

to 2.50

%

6 1-00

to 2

b 1.00
•
98

to 3.30

b 1.25

to 3

_

90

2-30

%

101

10 %

88

88

Co—
to

2.35 %

—

3.25
to 3.25

97
98

1940—.J&J

5s School 1939-1954—J&J
Hudson County—

4Mb 1939-1978
M&N15 b 1.25
4s g Park 1954 & '59-M&N b 3.20
Hunterdon County—

4MsRoad&bldg'39-'46J&J|& 1.25
Irvington 5s School 1963-J&D'4Mb 1938-1959—
.J&D.6
Jersey City—
5Ms 1942-1953
—A&0,6
5s 1938-1969
A&O b
4Ms School 1938^58—J&D b
4Mb School 1945
J&J1
4Mb Water 1961
A&O b
4Mb 1938-1967
J&DI6
4s Refunding 1949
F&A
4s July 1 1938-1953
Gen ref 3 Ms '39-'54—F&A
3 Ms, 1938-1956
J&D
Keansburg 5Ms 1939-59-M&N
*

1.40

1.00
2.00

to 4.25

% i.X
%

3.50 %
100

to

to

3.75

to 3.50

to 2.65

%

%
%

3.75

1.50

to 3.60

4.75
3.50
3.50

to

%

to 5.25

97
4.25
3.50

%
5.001 %

4.90 %
100
1

to

-■

to

4;00 %

to 4.60

97
3.50 to 93
4.60

94

99 to

4.50

99 to
85

0.60

1.50
4Mb Water 1938-70-J&D15
1.50
4Mb Sch impt '38-'52-J&D
1.75
5Ms 1938-1970
J&D
83
Lodi—5s 1939-1U47
J&J
Long Branch 5s 1943
.M&N
"72"
Lyndhurst 3-5s 1938-57—J&J
Maple wood (Township)—
4s 1938-1967
—J&D15 b 1.25
M6rcer> County—
3Ms April 1941
A&O

0.90

Middlesex

0.30
0.60
0.90

—

0.90

1.10

series O July 1939
...
series D Jan 1940
series E July 1940
series F Jan 1941
series G July 1941
4s series H July 1942
4s series I July 1943
4MsserieB A of *27 July 1944
4s ser B of '27 July 1950—
Soldiers Bonus 5s July 1941—
Highway Extension—
4Mb C of '20 Jan '53 opt '38
4 Ms D of *20 Jan '54 opt '39
4 Mb E of *20 July *54 opt '39
4M« F of '20 Jan '55 opt '40
4 Ms A of '24 Jan '55 opt '40
4 Ms B of '24 July '55 opt *40
4 Ma C of '24 July '56 opt '41
4Ms ser B of 30 July '38-'e7
3 Mb ser C of '30 Nov '38-'69
M«
4 Ms
4 Ms
4Mb
4 Ms

to 2.90
to 2.90

.85
to 3.00
to 3.00

to 2.40

/ Flat price

n

Nominal.

0.90
1.10
1.10

1.30
1.40
1.60

2.10

1.10
0.30
0.65
0.65
0.90

to 3.60

to 4.10

%

%

%

4.50
77
to

3.00 %

to

4.00 %

1.50
1.25

to

2.75

to

2.90 %

2.00
2.00

to 3 .35

0.60

to 2.75 %

1.50

(Borough)—

3 Ms 1939 to 1967

J&J b 3.00

Middlesex County—
4Mb Road 1939-1944-F&A
Imp 3s Nov 15 1938-1948—
Monmouth County—
4Mb Mar 15 'SQ-'SO-M&S
4Mb Rd & bdg '38-51F&A15
Montclair 4Mb Sch 1941-A&0
4Mb Highsch bldg '44.J&D
6
2 Ms May 16 1939-70
Morris County—
4 Ms 1942 opt 1922

3 Ms

to 3.80

1939-1949

to

%

%
3.35 %
1.50
2 50

1.25

J&J
J&D15 6 1.25

to 2.60

%

0.90
0.90
to 2.65

to 2.69

0.30

to 2.60

0.30

to 2.65

0.60

to 2.60

0.60

to 2.50

0.60

to 1.10

0.60

Morristown—

J&D

2.00

to 2.60 %

1.10
0.30
0.40

Construction—

3Ms ser A July 1938-1966—
4Mb series B July 1938-87—
4s series O April 1939-69
2Mb series D May 1939-70Emergency Relief—
3 Mb Jan 1939-1941
5s May 1939 to 1941
4Mb Nov 1938 to 1941
3Ms Mar 1939 to 1942
3 M» May 1939 to 1942
2M Jan 1939 to 1943
Ed Aid 4Msser A Jan ig39-42

,1

t Less 1 on bid side.

to 2.15

JERSEY

bonds—
'
Series A July 1938
Series B July 1939
series O Jan 1940
Series D July 1940
series K Jan 1941

Institutional

J&J

4M» 1939-1950
4Mb 1938-1950

0.65

Road Bonds—

to 1.70

s

%

0.65

4

6 1.25

s

M&S
M&S

■;

Kearney—
NEW

to 3.80

6*0.35*

A&O

to 2.80

to 3.80

MISSOURI

Ms 1938 & 1939

1941-1945—

to 3.80

J&J

4Mb July 1949

b 0.50

Concord—

99

Callable bonds

2.80

HAMPSHIRE

J&J
1938-1943—M&S
4Mb Highway 1938-1943_J&D

to 3.00
to

2.35

York School District—

to 2.90

■■

J&D b 2.50

5s

Hoboken—4Mb
2.85

5s 1948
J&D
Omaha 8D 4 Ms May 1'55M&N

less 1

Briageton (City)—
4Mb 1938-1958

4Mb 1942
F&A
4Mb
Imp 1939-1942--J&J b 2.00
6s 1939-1954
F&A b 2.25
3s 1938-1966
M&S b 2.00
1.25

Wat wks Dec 15 '41 J&J
4Mb May 1 1956
M&N

to 3.10

'

4MsBldg&Rd'38-'45 J&D20 b 1.25

to 3.25

4 M8

2.25

less 1

%

2.50 %,
to 3.25
to

Bound Brook 4 Mb'38-'42 J&D b 2.00

Hackensack

M&N

to 3.50

Bloomfield—
4 Mb 1938 to 1969—_J&D 15 & 1-25
Bogota—
4Mb 1938-1946
J&D b 2.50

Gloucester

Lincoln School District—

4MB

%

4.25 %
to 3.50 %

1.25

School 1938-1974—A&O
Elizabeth—
4Ms
1939-1957
A&O

to 2.70

to 2.30

%"

to 4.35
to

Phiia-Camden Bridge—
4Mb 1938-1945
M&S b 1.00
4Mb 1946-1973
M&S
114M
East Orange—
1.25
4Mb
1938-1969
J&D
5s Sewer 1939-1960
1.75
J&J

Great Falls—
to 2.00

4.50
to 4.60

1.10

3

J&J
J&J

87

A&O

4Mb School 1939-1951.M&S

to 1.80

-

84
to

Cape May Co—
hOO

b 0.40

-

55

Cape May—

to 2.05

_J&J

79

■

to 2.50

4s Highway

6 Basis,

2.10

to 1.90

1.00

79

100
5Ms 1938-1961
F&A
4Mb Water '39 to '60-M&N b 2.50
4MB
1942-1969
J&J b 5.00
4s 1945-1970
b
5.00
Camden Co—
•
4Mb
1938-1970
J&J b 2.00
4s 1944 1968
b 3.75

to 1.90

b 0.50

Funding bonds—
4s opt '44, 1939-53
Highway debentures—
4Mb Dec 31 1939^0
4Mb Dec 31 1938-39
Daniels Co 5Ms 1939-42
6s 1941 opt 1940

MISSISS1PI

4Mb

to

4MB 1939

Net

Ask

Camden—

to 1.25

MONTANA'

to 1.50

NEW

4Mb
4Mb
4Mb
oplin

%
2.50
0.95

impt
M&N b 1.90

Springfield 4Mb '39-'49~M&N
University City—
4Mb 1939-1943
M&N
4Mb 1942-1949
J&J15

to 1.50

to 2.25

A&O
&

„

to 2.40

0.40

M&N
M&N
M&N
& impt
A&O
F&A

3s Refunding 1952
2 Ms

5s Dec 15 1938-1955-J&D15

J&J

—

5 1.10

5 0.75
J&D 5 0.75

2.60s 1938-1957

Road

to 2.60

Omaha—•

J&J

July 1 1951

4Mb WW 1939-42
A&O
5s School July 1 1951—J&J
5b Geu'l impt 1939-62—J&J
4Mb Sewer July 1 '43—J&J
4Mb 1939-1959
J&J
4s 1939-1961
A&O

Mi

1.10

5 0.75

Ramsey County—
2Mb 1938-1947
F&A 5 0.75
4Mb 1938-1950
F&A 5 0.75
4 Ms Rd & Bdge '39-'44M&N 5 0.75
4Mb Rd & Bdge '38-'43 J&D 5 0.75
Paul—
6s school

,

J&J
J&J
J&J
J&J

3s School 1940-54

A&O
M&N 5 0.75
.A&O 5 1.00

2Mb 1939-1947

St

%

less

to

to 2.85

to 2.50

3 Ms

to 2.25
A&O 5t0.75

5Ms 1938-1940

Hennepin County—

to 3.00

2.50

to 2.60

less 1

0.60 to 2.50
0.60 to 2.50
0.75 to 2.25

J&J

2.60

_

4sl946-1951

RuralCreditctfs 1941
2s Rural Credit ctfs 1942
Duluth—

to 2.70

to 2.60

MINNESOTA

less M
4Mb Dec 1 1939
J&D 5 1.25
2M trunk h'way '47-51-M&N 5f2.10 to 2.15
less
5 1.60
1.85s

to 3.05

0.40

4s 1941-1945

J&J 5 2.10

to 3.10

M&S

4s 1939-1940

«Ms July 151943

to 3.15

0.75

5s 1941

87

5 1.00

Saginaw—4Mb 1938-49—F&A

2.75

A&O

1954-1975.

2Mb 1956-1975
Kansas City S D—
4s 1941-1951
4Mb 1940-1950
4MB 1939-1950
4Mb 1946

to 2.25

5 1.50

to 2.70

3Ms 1941-1951
J&J b 1.10
2MB 1945-1955
J&J b 2.00
St Charles County 3 Ms toll
100
bridge series A—July 15 56
St Joseph 4Mb i939-'4i>—M&S b 0.60
Refunding 4Mb May 11951
St Joseph 8 D 4s 1940
St Louis 4M8 Public bldg &
impt 1938-1943
-J&J b 0.40
4MB 1939-1939
F&A
0.85
4Mb 1940-1953
F&A
0.40
4Mb 1938-1948——-M&N
1.00
4MB 1941-1948
M&N

3.60 %

Lansing—
„

3s

to 3.50

to

Bid

Bonds

Asbury Park (City)—
4Ms 1938-1953
M&N/ 75
4Mb
1939-1970
M&N / 75
Atlantic City—
53
2M-4Ms Jan 1973
Water 3-4 Ms Jan 1973-.
79
Atlantic County—
96
4Mb Bridge 1939-57-A&O
Audubon (Boro)-*—
6s July 1 1938-1944
S D 4Mb 1939-55
M&S 100
3.50
Bavonne—5s
1939-1949-J&J
2.50
4Mb
1938-1955
F&A
2.50
4Mb School 1938-66—F&A
2.00
Belleville 5s 1938 & '44.M&N
2.00
Belleville S D 5s '38-'44 M&N
Bergen Co—
1.25
6Ms Dec 1 1938-1942-J&D
6Ms Dec 15 1938-60.J&D15
1.20

„

To

or

Net

J&J

4Mb 1940
J&J
4Mb Various May 9 '39-'72 b 0.40
4 Ms Jan & July 1942—-J&J
0.40
4MB 1939-1955
A&O
0.40
4Mb Airport 1938-54—A&O
0.40
4s Airport 1938-1971— M&S
0.40
3 Ms 1938-1974
-J&J
0.40
3 Ms 1939-1974
F&A
0.40
3 Ms 1939-1955
A&O

2.25

Ask

J&J

-

1939

5s Water

Grand Rapids—
3 Ms Sept 1 1938-1940 M&S 5 1.50

„

4Mb 1939

Yield Basis
To

or

Bid

Bonds

Net

Ask

to

95

BONDS

possible for the closing day of the month preceding the date of issue

Quotations for all securities are as near as

4s 1939-1969
M&N
Neptune 4Mb 1940-55—F&A

2.00

to

M&S

3.00

to 5.00

5M« Oct 15'38 to'59 A&015
5s 1938-1958
J&J
4Mb 1938-1983
F&A
4Ms8chool Dec 1 '45.-J&D
4s Sch house 1959 opt 1949
4s Pas Val sew'61 op <51 J&D

2.00

to 4.80

2.00

to 4.60

2.00

to 4.50

"97M

99M
99 M
to97M

4Mb

1938-1942

Newark—
6s 1939-1972

to 1.10

4s

J&D

2.00

to 1.10

0.69
0.69

to 1.30

3 Ms Track elev 1954—F&A
2 Ms Jan 15 1939-76—-J&J

6*2.25

to 1.30

0.60

to 1.59

0.69

to 1.30

%

%
%
%

4.15
97 M

0.49

1938-1970

3.50 %
4 76

4 00
to

3.90 %

STATE AND MUNICIPAL BONDS

96
Quotations for al

securities are as near as possible for the closing day of the month preceding the date of issue

Yield Basts
Bid

New Brunswick—

„

Ask

—

F&A
6Ms Nov 15 1938-39-M&N
Ocean City—5s 1944
F&A
4Mb Impt May 151939-'50_
Ocean Co 4Mb 1939-'50-J&D
Orange—
4Mb Sewer 1938-1964.A&O
1943-1967

3 Mb Mar

to 2.50

to 3.60
to 3.65

3 Ms Mar
3 Ms Mar

to 2.45

b 2.00

to 3.65

38

i

38

73
78

&

83

to

3s

80

6 3.00
6 2.00

97
6 99
6 3.00

3s

3s

Eliminat'n of Grade Crossings
2Mb Dec 8 1938-87
J&D b 0.25

to 2.50

Unemployment Relief—
2 Ms July 6 1938-1947—J&J b 0.15
General State Improvement—
0.15
2Ms July 6 1938-1962-.J&J
1 Ms Sept 10 '38-46-M&S 10
0.20
Emerg Unemploym't Relief-—
0.20
2 Ms Sept 25 '38-'43—M&S
1.40
2 Ms Sept 25 '44-'45.-M&8
1.35
1 Ms Sept 10 1944-1946
Albany County—
0.40
4Ms 1939-1960
M&S
3 Ms Fund 1939-1941. M&N
0.40
0.40
2Mb refunding 1939-57-J&J
Albany (City of)—
0.30
4M 1938-1969
-M&N
0.30
4M 1938-1970
J&D

96

to

to 4.35

6 2.00

to 3.60

4Ha 1939-1940
M&S 6 2.50
5 Ms General improvement
1938 1951
J&D 6 2.50
5s Impt 1939-1948
M&N 6 2.50

to 4.00

P&ss&iC'—

to 5.00

to 4.65

1944--M&N

4kb Water 1939-1970—J&J 6 1.50
Passaic County—
4Ms 1938-1946-——J&J 6 1.25
4kb 1938-1968
J&D 6 1.25
Pater son—
6Ms 1938-1959M&N
4Mb Feb 1 1945
F&A
4Mb 1938-1967
A&O
Perth Amboy—
4Ms April 1944
454s Water 1939-64-.M&S2
5s Feb 1939-1977
F&A
4 Ms refdg 1944 & *46- F&A
Plainfield 4s School 1959 M&N
4mb 1938-1962 Various.J&J
.

to 3.75
to 2.85
to 3.60

6 2.25

to

to88
to 92

6 90

to 88

6 1.25

to3.10 %

1.25

6 1.25
6 1.25

4s 1938 to 1944

6 1.25
6 1.25

1939-1962
M&S
4Mb 1938-1969
J&D
4Mb 1938-1968.
J&D
Summit—
4Mb School 1941
F&A
4mb Imp & sch WOO-J&D

to 3.25

to 2.50

to3.85
to 3.00

__

_

6 1.25

6 2.00

3.10
to 2.35
to 2.75
to4.15
to

6 1.50

3.40
to 3.60
to 3.50
to3.40

6 3.00

to 4.50

6 1.00

to

6 1.00

to 2.40

6 1.50
6 1.50

to

A&O 6 2.50

1939-1940—-J&J 6 3.00
6 3.00

2.60

to

2.80

NEW YORK
5s Jan & Mar 1 1939-1945—
5s Jan & Mar 1946-1970

%
%

to 2.15

%

M&N b 0.40

to 3.00

%

0.30

to 2.25

%

var. b

6 0.40

J&D 15
M&N
J&J
A&O
J&D
J&J

99

to

2.00 %

3.35 3.20%
to 3.25 %
0.75 0.50%
0.75 to 3.30 %
1.25

3.40

0.75
1.00
1.00
0.75

to

0.75
1.25

to 3.10

3.00
2.75
to 3.00
to 2.75
to

J&J b 2.25

J&D b 2.25

to 3.40 %
to 3.30 %

4.40s 1938-1965J&D
Groton 6s Wat '39-'50—M&N
Harrison (T)—
4Mb 1939-1980
F&A
Hempstead (T)4 Ms'39-59 A&O
Hempstead 4Mb 1938-65 M&S
2.30s 1939^67
J&J

to 2.40
to

to
to

to

2.00 %
2.40 %
3.25 %

to

1.70 %

to

3.20 %

to 3.15

1.25

to 2.90

0.75

0.50

0.75
2.75
0.75

2.60 %
to 1.00 %
to 2.75
to 3.25

0.50

1.25

to

0.75

to 4.00

%

to99M
to 3.35
to

3.10

Hempstead Un F S D No
to 4.75
to

6s

5.00

2.00
2.00
100
100
to

3.00

103

100
2.50

to

3.70 %

4s

1940
5 Ms 1953—
6s 1947 Beach acquisition..

67

95

98

Mamaroneck Un F S D No 1—
5 Ms May 1 '39-'52_—M&N
3.90s 1938-1939
J&J
3.90s 1940-1964
J&J
Marine Parkway Authority

to

3.20|%

4s g High
Imp Sept 1958.M&S
4b High Imp Mar I960-- M&S

4b Canal Imp July 1960—J&J
4s Canal Imp Jan 1961
J&J
4s Canal Imp July 1961 „_J&J

4sHlghw Imp Mar 1961 M&8
48 Palisade

I*ark 1961
4sCanal Jan 1962

2.25
2.30

2.40

2.30

3s

2.40
2.40
2.40

2.30
2.30
2.30
2.30
2.30

M&S
2.40
..J&J
2.40
4s Highw Imp Mar 1962 M&S b 2.40
2.30
4s due Sept 1 1965
b 2.40
2.35
4s due Jan 1 1966
b 2.40
2.35
4s Canal Imp Jan 1967--J&J b 2.40
2.35
4s Highw Imp Mar *67—M&8 b 2.40
2.35
4s Palisades Park 1967.-M&S b 2.40
2.35
4sBldg constr 1938 1939 M&S
0.20 to 0.50
4s Bldg constr *40^49—-M&S b 0.80 to 2.00
4s Apr 15 1940-1955
A&O 6 0.80 to 2.20
3Ms Mar 15 1939-. .M&S 15
o;40
0 Basis.




/ Flat price.

1938 to 1946
Nassau County—
5s 1939-1943

4Ms 1939-1944
4Ms 1938-1939
'

M&N
A&O
M&S

to 2.60

6 2.90

to 3.00

6 1.35

to 2.10

6 1.00

to 2.25

6 0.50

to 2.80

to 2.00

to 2.25

0.75
1.00

1939-1951
A&O
Ref 1.90s 1939-57
F&A
2.10s Feb 1 1939-1968
Ontario Co 4s *39-'51..M&N

1.00

i
°25

to 2.20

to 2.40
to 2.50

1.00

to 2.75

Par

to 2 35

1.00

to 3.20

6 0.75

to 2.35

1939-1950
J&J 6 Par
Pelham (T) Un Fr Sch Dist
No 1 4.60s 1944-1966
6 2.50
Par
Poughkeepsie 4 Ms *39-52 J&D

to 2.85

to

2.85

to

4s

2.50

4s School 1939-'59

-

to 1.25
to

83
Q Ci

1.00

to 4.00

1.00

to

3.75
to 2.00
to 4.00

to 2.35
to 1.50

3.20
to 2.35
to 2.75
to 1.60
to

1.00

to 2.35

1.00

to 2.00

3.20
1.00

3.75
to 3.50
to 3.25

1.00

to

to

2.75

to

2.50
2.60
1.75
to 2.75

1.00

to

1.00

to

J&D

1.00

J&J

2.50

to 3.20

J&J

1.75

to 3.20

1939-50————F&A

1.50

to 2.90

3.40s July 1 1941-45—.J&J
1.75
2 Ms 1946-1956
b 2.60

to 2.60

2Mb 1939-57
F&A b 1.00
2.40s May 1 1939-48.-M&N b 1.00

to 3.00

to 3.10
to 2.65

to 2.50
to 3.60

■

106 M
105

101M

$

107 M
106

Gen & ref 3 Ms May 1. 1976
Gen & ref 3 Ms Aug 15 1977
Gen & ref 3s Dec 15 1976

3.25

90

to 2.30

Par

Gen & ref 4s May 1, 1975—
Gen & ref 3 Ms Dec 1,1965.

1.25

to

%

to 3.25

J&J 6 2.00

M&S

Port Jervis 4 Ms '39-'69
Port of N Y Authority—

78

1.00

J&J

3.70s

100

3.00

to 3.75
to 4.00

4Ms Water 1939-1969.A&O
Oswego—5 Ms 1939^6„M&N
Oyster Bay Wat Dist—

3.40
to 3.40
to 2.90

1944-1961

3 Mb

3s

,

6 1.00

2.60

to

to

July 1 1940-64

4s 1938-1947

3s

M&S

to 2.50

to 2.50

to 2.00

96

2.00

to 3.00

6 1.00
6 1.25

J&D 6 0.90

4mb
1939-1942
North Tarrytown—

102 M
100

99

97 M

George Washington Bridge4 Ms Ser B *40 to '53-M&N

109

99

110M

Inland Terminal—
4 Ms ser D '39-'41-.M&S 6 0.60
4 Ms ser D '42-'60-M&S
108
Holland Tunnel—

to 1.50

4 Ms ser E '39-'41— M&S 6 0.50
4 Ms ser E '42-'60—M&S
111
Putnam Co 4 Ms '39-'51.A&0 6 0.90
4s 1939-1954
F&A 6 1.00

to 1.10

Rensselaer County—
4 Ms Highway 1939-58.F&A
Rochester 5s '39-'62
F&A
4Mb Pub Imp '39-'58-F&A
4Mb
1939-1959
M&S
4s

2.40

2.35

1.55
2.25

4.10% Sewer 1939-50. .J&J
4Mb Wat May 1 '41-48M&N
4Mb Sew *39-'46 reg.M&N
3.95 Nov 1,1961-70—M&N
3 Ms 1942-1945
M&N
2s Mar 1 1939-1949
Niagara Falls S D
4 Ms
1939-1960
F&A
No Hempstead S D No 7—

1.00

Mount Vernon—

1939-1943
A&O
5Ms 1939-1941
A&O
4Ms School 1962-73..M&N
4s Sewerage 1950-55.-M&N
2Mb 1938 to 1956
M&S

„

Ossining4Ms 1939-42..-M&S

4 Ms ser

4 Ms

„

4.15s Sewer 1965-70..M&N 6 2.80

100

1.00

122

123 M
to 3.30

to 3.50

99

to 2.00

1.10

„

4Mb Water 1939

1.00

117M
126M

,

Onondaga Co, 4 Ms '39-47A&0

0.75

117 M

Corporate stock
I.
3.05 %
1950-53
M&N.6 3.15
3 mb Corp stock July 1, '75 I 100 M
102
3mb Aug 1 1939-78-- F&A 60.60% to 100 M
3s Rap Trans 1947-51..F&A 6 2.75 to 3.10 %
3s corp stock Jan 1 1977 J&J L
99 M
9§,M
3s Serial 1939-1968
J&J 6 1.20 to 98
2 Ms 1939-1953
J&D.6 1.20 to 3.00
2mb Serial 1939-46.-F&A 6 1.20 to 2.50
*
Parkway Authority—
3M% Rev 1940-53.A&O 6 1.60 to 3.30
104 M
3M% sf Rev 1968-A&O 103 M
Niagara Falls—
5 Ms 1941-48
M&N 6 1.25 to 2.50

%

3.75 %
to 3.20 %

%

121M
120 M

-

to 3.90

1.50

2.35

b 0.40

to

to 0.50

2.40
2.35

_

1.00

1.60

2.40

_

1.00

0.20
0.80
1.25
1.65
2.35

8k fd

J&D
Corp stock 1967-.J&J
Corp stk 1971
J&D 15
July 1,1938 to 1955...
Jan 1. 1977.
J&J

%
%

J&J
A&O
A&O
4s Canal Term 1942
J&J
4b Canal Term Jan 1946--J&J
4b g High Imp Mar 1958-M&S

to 2.55

119M
116M
116M
125 M
120 M
122 M

M&N
M&N

to 4.25

Bonus 1939
Bonus 1940-1949

to 1.75

1957

Nov 1957
Dec 1. 1979

3.35

to 3.00

120

J&D
M&S

to 3.50

1939-1954

Mamaroneck(T)4 Ms'38-64J&J
62

1965

1.25

1—

Long Beach 4s Jan 15 1939—

117
3.40
3.40

May.

to

1.25

M&S
1.00
Hornell 4 Ms 1938-1947--F&A
0.50
Hudson Riv Regulating Dist—
4 Ms 1938-1965..
J&J
0.50
4.70s 1938-1965J&J
0.50
Huntington (T) 4s ,39-*52_J&J
1.00
Islip 4s 1939-1951
M&S
1.00
Ithaca—4Mb Water 1942 J&J
4 Ms 1940-1954
J&J b 1.00
Jamestown—
4s Mar 20 1943
A&O
4MB 1939-1940
A&015
1.00
Jamestown S D 5s *38-'39 J&D
0.75
Lackawanna 4 Ms *38-'54M&N
1.00

to 3.60

June
1963

to 2.60

to 3.50

b 1.00

4 Ms Water 1939-64—A&O 6 Par
4 Ms 1947-72
J&J 6 3.00
Oneida 4s Water '40-'45—J&J 6 1.25

Barge Canal 1945

J&J
J&J

Highway 1965

%
%

3.00 %
to 3.00 %
to 2.85 %

M&S

Canal 1964
Canal 1965

M&S

%
%

to

Greenburgh U S Sch Dist No 9

92

3.10

%
%
%
2.50 %

to 2.80

to 3.35

b 2.75

3 Ms reg

A I960.J&D
104
Middle port 4.35s '38-'42-J&D b 0.75
4.35s Sewer *38 *39
J&D
0.75
Mineola (V) 4.40s 1938-68 J&J
0.75
Monroe Co 4s 1939-44
F&A
0.75
3.90s Co Bldg '39-'50—F&A
0.75
1 Ms Jan 15 1 939-42...J&J
0.75

Highway 1963

%
%
%
%
%

to 2.60

to 1.75

b 1.00
b 1.00

M&N b 1.00

-

3.25 %
to 3.25 %

0.40
1.80
2.50
2.50
2.45
2.45

4Mb
4Mb
4Mb
4Mb
4Mb
4Mb
4M«

%

Authority—

to 4.70

Grande

Consef
Dist 5mb 1938-1973..F&A
Socorro Co 5s 1941 op '21.A&0

to

%

2.75 %
2.70 %
2.65 %

0.30

4s 1945-1953
M&S
2.90 March 1, 1939-1947Essex Co 4s 1939-1956
M&S
Franklin Co 4Mb '39-'40-M&S
Free port—
4.20s 1938-1945
M&N
4.20s sewer 1946-60—M&N
4 Ms 1939-1951
M&N
4.40s 1939-1950
M&N
Garden City 4Mb 1938-52. J&J
Greenbure)* (T)—
4s 1938 1951
J&J b

*

Works 1962..J&D
112
1938 1950
J&J 6 3.80
1938-1950
J&J 6 3.80

Rio

to 2.25
to

M&N

-

Water

4 Ms
Middle

to

to 2.90

120 M
119M
Sch & Var '38-'39-J&D 6 0.40 to 1.25
114
115
1960
M&S
Mar 1, 1962
M&S 114M 115M
114M
Mar 1. 1964
M&S 114M
117 M
April 1,1966
A&O 116M
118M
Apr 15,1972
A&015 118
Rap Tr & Wat '74 J&D 118M 119M
Feb 15, '41-'66.F&A15 6 1.70 to 3.35 %
121
119M
Feb 15,1976—F&A15
120
120 M
Nov 15,1978—M&N15
120M
121M
Mar 1. 1981— M&S
115
4s Oct 1,1980
116M
A&O
4s May, 1977
115M
M&N 114M
4s Nov 1955
109 M
M&N
108M
4s Various 1956
108 M
M&N
109M
4s Various May 1957-M&N
108 M
112
109
4s Nov 1958
u
M&N
110M
109
4s May 1959
110M
M&N
4s serial 1938-1963
J&J 6 0.40 to 3.30
3 Ms Corp stock July 1 '75—
108 M
110
6 1.25 to 3.20
3 Ms Corp stock 1939-543 Ms g exempt 1941—.M&N 6 1.90 to 1.60
3 Ms exempt 1942
1.90
M&N 6 2.10
3 Ms R T 1948-1950-M&N 6 3.15
3.05
3 Ms g exempt 1952
3.10
M&N 6 3.20
3 Ms g exempt 1953
3.10
M&N 6 3.20
3 Ms g exempt 1954
105
M&N 103 M
3 Ms g Water ex 1954. M&N
103 M
105
3 Ms exempt 1955
105
M&N 103 M
3 Ms stock Apr 1.1954. A&O
103 M
104 M
3 Ms Corp stock Mar 1,1960
103
104
3 Ms Corp stock Jan 15,19761 103 M
104 M

2.70 %
1.30 %

to 2.40

4Mb 1939-1959.
-A&O
0.50
0.50
Corning 5 Ms 1939-1960--M&S
Cortland Co 4 Ms '38-'51.J&J
0.50
Delaware Co 4.20s '39-'52A&0
0.50
Dutchess Co—
4s 1939-1946
M&S
0.50
4s 1947-1954
M&S
2.15
East Chester—
4Mb 1939-1958
F&A b 1.00
Elmira—
4Mb Water 1938-45-A&O b 0.30
Erie County—
4 Ms 1939-1959— J&D
1.25

Albuquerque—
5s

to Par
to

to 1.80

3 Mb 1940-1964
Columbia County—

to 3.10

4s Fund 1939
98
opt 1919—M&S
3 Ms H'w'y deb 316-*47—M&N 6
2.75
3 Ms H'w'y deb '48-'49—M&N
100
8s Jan 1 & July 1 1949-1952—
98
2Ms H way deb 1944-45-M&S 6 3.00

4mb

%
%

0.40

Sewer

NEW MEXICO

'

to 1.35
to 1.45

0.30

2.60% Relief 1938-45-J&J
2Mb Oct 15 1938-56.-A&O
2.20s Jan 15 1939-47-J&J

to2.60
to 2.85

6 1.00

1950-1965
6 2.40
Union Township Sch Dist—
4mb 1938-1968.-.
J&J 6 3.00
Ventnor City refunding 4-5lis
87
Vineland (Boro)—
5Ms 1939-1950
M&S 6 1.75
Weehawken 3 mb 1941-51 A&O "
6101M
Westfield—
5s June 15 1938-1960—J&D 6 1.00
4 Ms 1939-1966
A&O 6 1.00
West New York—
4Mb Oct 1 1938-1968—A&O 6 3.00
5s School 1939-1961—M&N 6 3.00
West Orange

5mb Highway 1939-1940-J&J
4Ms Dec 16 1952 opt '22-J&D

Par

-M&S

4s 1938-1958
3.40s Nov 15 *38-'55-M&N
3.10s Oct 15 1938-46.A&O

A&O
2.80s Gen Impt B June 1

6s Highway

to

to 2.60

4 Ms 1938-1967
4s June 15 1960

to3.00
to 3.10
to 1.75
to3.10

4s Oct 1 1942

Genref 3Ms 1940-1959

%

2.10 %

to

to

5 Ms 1944
5s 1939-1950
4 Ms 1938-

to 3.60

6 1.00

4Ms
4Ms
4Mb
4Ms
4Ms
4 Ms
4 Ms
4Ms
4Ms
4 Ms
4Ms
4 Ms
4 Ms
4Ms
4Ms
4 Ms
4Ms
4Ms
4Ms
4Ms

Buffalo—

to 88

SussexCo454s,38-'44...M&S 6 1.00
4s Impt 1939-1955-—M&N 61.00
Tenafly 4Mb 1939-1963.F&A 6 2.25
Trenton—
5Mb 1939-1951
A&O
5s School 1939-1955...A&O
4Mb 1939-1966
.F&A
4Mb 1939-1960
F&A
4s City Hall 1939
J&D
Union City 4Mb 1938-'64.J&D
Union County—
4Mb Oct 15 1938-1952
4Mb Rd&Bdge'39-*47-F&A

to 1.60

0.40

4s 1940-1964

J&J 6 1.25
6 1.25

6s

%

0.40

4Ms Oct 1 1938-71
2s Mar 11939-1956

73

A&O 6 95

8outh Orange—

—

to 2.30

1.75

Net

0.75

M&N
M&N
M&N
M&N

4Mb 1939 1944
4Mb 1945-1965
4Mb 1939-1963
2Mb 1938-1947
New York City—

—

%

Binghamton—
2.90

Ridgewood 4Mb 1939-62.M&N 6

4Mb 1938-1973

120M

5s 1939-1950

—

J&D
M&N

2% 1938-1955
Albany Port District—
4s 1938-1972

90
98
99

6
6

Red Bank (Borough)—
4Mb 1938-1953
M&N 6 1.25

„

120 M

Ask

New Rochelle—

—

2MB 1939-1978

99

Newburgh—
4s Wat Impt 1942-63
J&J
4Mb Wat Impt 1938-41-J&J

%

3M 1938-1971
2Mb 1938-1945

to 5.00

Rahway—

5Mb 1938-1939
J&J
1939-1968
M&N
Sea Isle City 5s 1942..-.F&A
Somerset County—
4Mb 1938-1949
J&D
4Mb 1938-1952
J&J
South Jersey Port District—
Marine Terminal—

%

to 2.40

Bid

Bonds

0.40

120M
120M

To

or

Net

4s Munic & Sch '39-'63_J&J
6 2.50

4mb 1938-1953
J&D 6 2.00
Ramsey 5s Water 1938-1940-- 6 2.00

4mb

15 '40-'81—M&S 15 b 0.75
15 1939—-M&S 15
15 *40-,81--M&S 15 b 0.75
119
g Canal Jan 1 1956
J&J
119
g Canal July 1 1958 —J&J
g Canal Jan 1 1959
J&J 119
Canal 1957-1959
119
J&J
Mar 25 1939-1987
M&S b 0.40

to3.00
to3.70

_

4 Ms Refunding

Ask

b 2.00

Nutley (School District)—
4Mb 1939-1942
F&A b 2.00
4«s

Bid

Bonds

Yield Basis
To

or

Net

6 2.00

.

4Mb 1938-1957
F&A
4 Ms Sch & wat *38-'69_J&D
4 Ms 1938-1967
J&D
North Arlington (Borough)
Refunding 4s
North Bergen ref 4s-4Ms..

Yield Basts
To

or

Bonds

Imp Sch &c
2 Ms 1939-1957
1 Ms 1939-1940
1.70s 1940-1948
Rockland Co—
4 Ms 1939 (reg)

%

109M

%

112M
to 3.10
to 3.20

Par

to 2.80

6 0.60

to 2.70

6

Par

to 2.50

6 0.50

to 2.25

*39-'47.J&J 6 0.50
M&S 6 0.50

to 2.15

6

to 2.20

Par

to 1.00

F&A 6 100.

to 1.80

A&O 6

F&A 15
Rockvllie Centre (V)—
4.15sl939-1952
J&D
Rome 5 Ms 1939-1941
A&O
Rye & Har'son Un Fr S D No 6
4.40sl939-1953
F&A
Saranac Lake 4.45s 1939.F&A
Saratoga Co 5s 1939-'40.F&A
4mb 1938-1955
M&S
4s Sept 1 1945-1954—M&S

Par
6 1.00

to 3.00

6 0.75

to 1.20

6 1.00

to 3.50

6 0.75

to 1.50

6 0.50

to 2.70

6 2.00

to 2.60

I
&
-/o

Quotations for all securities are as near as possible for

the closing day of the month preceding the date of issue

or

To

•

Ask

0.75

to 1.10

0.75

to

%
2.10,%

0.40

5s Dec 15 1938-1941

to

1.50 %

to 2.00 ~

1939-1951—F&A

Mecklenburg Co—
6s Ref Nov 1950
County—
4Mb 1943-1947
5s Fund June 1959

0.40
J&D
0.60
4.15s
A&O
0.40
4s Oct 15 1938-1944--A&O
0.40
2KB 1938-1955
A&O
1.80s 1938-1950
M&S 6 0.40
Schenectady County—
1.75
4KB
1942-1958
J&J

to 2.30

to 2.60

5s

0.50

to 2.20

Solvay 4Mb 1938-1940—F&A
Somers (T) 4Ms'38-,53.M&N
Southampton—

0.75

to 1.75

4 Ms 1938-1967
4s 1946-1950

1.00

to 3.00

M&N

5 1.00

1938 1948
1939-1960

4.30s

5s Dec 15 1938-1948

5s
1939-1971
Suffolk County—

to 2.40

to

to 2.00

to 2.10

M&S

Raleigh—

2.50
3.85

4.00
98

—M&N
M&N

2.50

to

%
1.90.%
%
2.10 %

F&A

0.40

to

J&J15

0.35

to 2.50

J&J15

0.35

to 2.90

,M&8

0 50

M&S
2.10% Aug 15 1946-1947--1 Ms 1939-1946.
M&S

0.50

to 2.40

1.90

%

to 2.

1.50
1.50
1.50

to 3.

1.50

to 3.

1.50

to 3.

1.50

to 2.

4Mb 1938-1954.
M&S15
4 Ms 1939-1953
M&S
4MB Nov 1 1938-1953
4s Park July 1 1942
J&J

to 4.25
to 90

1.50
1.50

to 3.10

4Mb 1938-1959
.A&O
4 Ms 1938-1956
A&O
Youngstown—
6s Bdge 1938-41......A&O
4 Ms 1938-1957
A&O
Youngstown School Dist—
4 Ms 1944-47
M&S
5s 1938-1944
....M&S

to 3.55

Zanesville—5s

1.50

to 3.65

3.10
3.15

to 3.35

_

30
3.50

1.75

to 3.65

4Mb Pub Imp 1939-60.J&J

1.90

3.25

%

to 3
to

3.

I
.50

Toledo School Dist—

92

Impt 1955—A&O
45*8 1938-1962
A&O

4°m

6s Pub Wharf I960...M&S
M&S

5s Sewer 1949

^

to 3.00

to 2.

1.50

to 4.00

4.05
95

'38-'52_-J&J
_

to 2.90

1.00

F&A

5s W W 1938-1944

_

F&A

to 2.25

0.35

A&O

4M 1938-1940

to 96

F&A

b 0.60

0.50

%
%

1939-1955

Toledo—

3.60

87 M
Salisbury 6s 1939-1941 —M&N
Transylvania County—
Road & Bridge 6s 1949-50- / 25
Wilmington—
*■
3.65
5s Ref &

0.60

to 2.
to 1,

to 4.15

Rutherford Co 5s

to 2.30

1.25

to 4.25

$o 2.50

to 2.25

%

to 2.

1.00

2.00

2.00

J&J

A&O

to 2.70

b 0.50

to 3.25

_

b 0.40

b 0.75

to 2,

Summit Co—

1944--J&D

3 Ms 1951-1956
Randolph County—
4 Ms 1939-1947
4 Ms 1948-1959

to 2,

M&S

4s

4.15

1939

Impt June 1

Net

Springf'd S D 5s '38-'39_J&J2

to 4.10

4.30

,

5s Munic Bldg

to 3.40

3.90

J&J

6 0.40

53*s 1938-1960
M&S
4J*s 1939-1944
M&N
4.20s Dec 15 '38-71 J&D15

3.40

Pitt

^

4MB 1938-1957
A&O
3 Ms 1938-1951
F&A
2 Ms H igh & ref 1939-57 M&S
2.20s June 1 1939-1962 J&D
Sullivan Co 4 Ms 39-'45-A&0
Syracuse—

4.30

3.55

M&N

Ask

Montgomery County—
5s Flood Emerg *38-'42 J&D
1.00
Newark 4 Ms 1939-1941--A&O
1.00
Portsmouth City S D—
4 Ms 1939-1950
J&J 6 1.50
Springfield—
4 Ms 1939-1949
1.25
M&S

4.60

.

To

or

Bid

Bonds

Net

to 4.80

2.25

A&O
_

Ask

4.90
2.75

1 '42.F&A

45*8 1939-1950
Lincoln Co—

5s Bridge

Schenectady—

To

or

Bid

Bonds

Net

Iredell Co 5s Aug

Saratoga Springs—
4 Ms Park 1939-1940--A&O
Scarsdale 4Mb 1939-45—J&D

Yield Basis

Yield Basis

Yield Basis
Bid

Bonds

97

AND MUNICIPAL BONDS

STATE

June, 1938]

to 3.55

Winston-Salem—

1.50

to 3

2.60

to 2

1.50

to 2

1.00
1.00

to 2

1

1
1

to 2.00

4s 1938-1946
3 Ms 1938-1951
3s 1938-1971

2.20%

1939-1957

2s 1939-1956

0.50
Thousand lsl'ds—See "Watert own"

%
%

to 2.40

%
%
%
to 1.80 %

Water

5 Ms

Sept

1938-1947—--M&S

45*s 1939-1958
M&N 15
4Mb 1938-1973
J&J
4s refunding 1948-56—J&J
3s refunding 1956-68---J&J

M&S
Zanesville S D 5s '38-'43.A&0

J&J 13.25

to 3.50

6 3.00

2.50

Sewage Dis 1938-65-M&N 6 3.00

2.00

4 Ms
4 Ms

2.00

to 3.90

1938-1950-J&J

2.00

to 4.00

Grand
4s

Triborough Bridge—

-

3.10

3.20

Forks—

OHIO
6 0.75

July 1946
F&A 6 3.50
5 Ms Wat & Pk '39-'49-F&A 6 2.25
F&A 6 2.25
F&A 6 2.25
6s Feb 1 19396 2.00

to 2.75

b 0.50

to 3.00

b 0.40

to 3.00

5s Water 1938-1953—A&O

b 0.35

to 1.75

b 0.40

to 2.00

b 0 60

to 2.00

b 0.50

to 1.85

'39-*51-M&N

b 0.50

to 2.00

1939-'50-F&A

b 0.75

to 2.50

55*s highway 1939-'53_F&A

b 0.75

to 3.00

6 1.00

to 2.60

3 Ms May 15

Warren Co 4Ms

b 0.40

-Oct

48

to 1.90

0.25
0.25

1939-1950-A&O
1938rl944.A&0

5s Sewer 1953

6s Water 1944-1959
Canton School Dist—
5s 1954

to 1.50

97

100

4

4s 1938-1956

b 2.40

'44. *45. *56 & '69 J&D

4s Co Bldg 1939-59—M&S b 1.25
4s June 1 1959-1964—J&D6 3.30

J&Djft 1.00
J&D> 3.00
J&D b 1.00
J&D b 3.00

3.75 %
to 2.60 %
to 3.50 %
to 3.30 %
to

to 3.50

(reg)—M&S b 1.00
F&A 6 1.00

'6 2.00
15'38-'42J&J 6 1.00

2Mb Sept 1 1943-49

A&O b 2.00

6s Feb 1 1939-1952

%

to

3.00 %

5s

to

3.501%

to

3.75!%

to3.35j%
to 2.90

to

%

2.75|%

to 4.00

5 Ms Jan 1939-1961—A&O b 2.00
6s 1939-1961
A&O b 2.00
4Ms July 1 1938-'62—A&O b 2.00

to

4.25

to

4.25,

b 2.00

to

b 2.00

to 4.00

b 3.25

to 4.00

b 2.00

to

b 2.00

to 4.00

b 3.00

to 3.50

45*s Marl 1939-'56—A&O
4s 1939-1958
F&A
35*s 1943-61
J&D
3.30s April 1 1939-1956
3.10s Oct 1 1938-1964
2Mb gen & ref July 1 *43-'46

to 4.25

%

4.00 %

%
%

3.751 %
%

3.00

6 3.10
6 1.25

to 3.10

6 1.25

to

3.10

A&O

6 1.25

to

3.10

.A&O
A&O

6 1.50

to 2.40

J&J

J&J
A&O

1939 1968

11939-1968

5*s 1940-45.—
5*s 1946-47-48

1015*

102 M

shevUle—
l-4s gen ref July 1
uncombe County—
l -4s gen ref July

30

1976

1 1976—

31M

30

315*

harlotte—

5 Ms

1938-1948
4MB 1939-1970
45*s 1939 1979
35*s 1939-1959
3s

1960-1977

M&N
M&N

1.50
1.50

to

M&N

1.50

to

3.25
3.60
3.60

F&A

1.75

to

3.20

F&A

99

to

97

to

3.60

to

2.95

to

lurham—

4MB 1938-1966
J&J 6 1.50
5s Water 1939 to ,1945-J&J 6 1.75
turham County—

45*b 1938-1951
J&D 6 1.50
orsyth Co 4Mb "38-'58-J&D 6 1.50
ranville Co 4Mb "39--M&N 6 2.50

to 3.30
to 3.50

2.00

reeunborn—

5b Water 1942

45*b 1939-1963
4Mb 1939-1965

F&A

J&J
F&A

1954--J&J
Refg 3 Ms 1957-1962-. J&J
reenville 5s W W '58-.F&A
4s Water Works

3.25

3.50
2.50
2.50

to 4.25

4.00

3.85

94

4.30

to 4.30

97

4.15

ullford County—

45*sl938-1957

M&N

igh Point 4Ms 1939-48.J&J
5s Wat Serv 1938-1968 J&D

1.90

to 4.20

95

to 88

97 M to 90

to 2.00

1.00

to 1.75

to

2"30

%

1.40
2.65
1.60

35
35
2.75

2.25

F&A

4Mb July 15 '38-'39— J&J15
4s July 15 *40-'45
J&J15

to 3.10

1.00

to 2.20

5s Harb Dev 1938-50.M&N

1.00

►

1.00

to

2.25

1.00

to

4 Ms Dock
4 Ms Oct

2.40

»

to 2.80

J&J

1.00
1.00
1.00
1.00

4s Water 1940-1959... F&A

1.50

to 3.00

100

1943
M&N
1938-47
A&O
4Mb 1939-1960.——.M&N
4s Water 1939-1955—M&N

101

3.65 %
3.40 %

to

1.50
1.50

3.25 %
to 3.10 %
to 3.30 %

1.50

to 3.15

to

3.40.%
3.40 %
3.50 %

to

%

1.50

to

3.25 %

1.50

to

3.10 %

1.00

to 3.70

F&A 6 1.00
F&A 6 1.00

to

2.85

.90

PENNSYLVANIA

6 1.25

to 2.75

to 2.70

J&J
F&A

l°.00

1939-1958-

4M8 Sewer 1939-59——J&D 6 1.70
to

4Ms Water 1939-1960-M&S 6 1.70
Bethlehem School Dist—

to 3.30

6 1.80

to 2.60

Braddock 4Mb *39-'41—M&N 6 1.00
Cambria Co 4 Ms Nov 1 *38-'45 6 1.80
Chester 4 Ms 1938-1940.
J&J 6 1.00

to 2.30

to

2.25

to

3.10

to

4Ms Road 1938-1941..A&O 6 1.50
4s 1938-1941
A&O 6 1.50

to

3.00
2.75
2.75

4s 1940-45-50

1

Dayton—

Dayton School Dist—
5 Ms 1941
M&S
5s Mar 16 1939-1946-M&S10 6 1.00

2.50
2.50
to
to

to

2.§5

%
2.00 %
3.00 %
2.25

to

toJ2.70

Altoona—

A&O 6 1.50

5Ms W W Imp 1944.-J&D
5s W W Imp 1945
F&A
4 Ms Bdge 1938-1951-M&S 6*1.00
4 Ms 1938-1940
M&S 6 1.00
4Ms 1941-1961
M&S 6 2.25

to 2.55

3.00

4 Ms 1938-1944
A&O 6 1.50
4 Ms 1938-1943.......A&O 6 1.00

to

to 2.55

Allentown—

Columbus S D—

J&D 19 6 2.40

to 3.00

130
July 1 1951 Series C—J&J 128
101
4Mb Dec 1 1951 opt '37.-J&D 100M
4Mb 1939, 1944, 1949
J&J 6 1.20 to 2.10 %
4s Highway Apr.l 1940, 1942,
6 1.50 to 2.20 %
1945, 1947. 1950, 1952
Allegheny County—
4Mb 1939-1962—
A&O 6 1.25 to 2.90

4s

2.85

to

to 2

to. 3.00

M&S 6 1.00
2 5*8 Dec 1 1938-1965..J&D 6 0.75
25* Apr 1 1939-1967..A&O 6 1.00

3.30

to

to 3.25

5s

4Mb July 1938-1958
4s Bridge 1942-.,

Columbus—

M&S 6 3.00
F&A 6 1.00

1.25

Portland—

%
2.35 %
2.20 %

1.50

2.60 %

.

-

Chester 3D 4 Ms 1938-42 J&D 6 1.00
Del River Jt Oomm Bridge

to 2.30
to 3.30

to 2.40

Easton-Phlllipsburg 4Mb.
_F&A

1961

106

107 M

Phila-Oamden—

1143*
4Mb Sept 1 *67 opt '41
Easton 25*sWater works—
1939-1966
M&S 6 0.85

F&A

4Mb 1939-1960

6 1.10

116M
to

2.60 %

to 2.70

%

Erie S D—

Cleveland—

4 Ms gen imp 1938-43.-A&O 6 1.00
East Liverpool 4s 1940
J&J

J&D
..M&S 6 1.00

J&J 6 1.00
Fostoria 5s W W '39-'40_M&S 6 1.00
Hamilton County—.

to

to
to

to

F&A

4 Ms Oct 1 1939
A&O
4 Ms Sewer Oct 1 1938-'47—
Lakewood—

6*1.00"

to

4Ms 1938 1939
A&O 6 1.00
4Mb Oct 1945
A&O
5s Park & Imp '38-'4l_A&0 6 Too"
Lima 5Ms Sewer 1938-1947.. 6 2.00

to

58 Sewer Feb 1 1939-'51 F&A 6 2.50
Lucas Co 4s C H 1944

to 1.00

Multnomah Co 3 D No. 1—

t

2.40,%

1.50

1943

to 1.00

0.75
1.50

to 3.10

to 2.35 %

4Ms 1938-1950
M&S
4s Sewage 1938-1958.-M&S
3 Ms 1939-49
A&O
3Ms 1938 1956
A&O
3s 1939-63
A&O
M&S
2Ms 1938-1951
2Ms 1938-1951
M&S
Cleveland Heights S D—
6s 1938-1959
A&O 6

Elyria 4s 1938
4Mb 1938-1952
5s W W 1938-1946

to 3.10

0.75

to

to

s-a

2.50

1.00

1.50
1.50

1949-1957

to 2.50

1.00

4 Ms Grad Cros'38-'54-A&0
4 Ms Fire Dep '39-'55--A&0

4 Ms

1.00
2.80

>

to

4 Ms

M&S

4s Bridge 1945-1955—J&D
5s Road 1939
...M&N

2.40

1.00

East

35

4Mb 1949-1956

to 2.40 %

J&D

W W 1938-1968

1939-1953
4 Ms 1938-1955
2 Ms 1940-1959

35

Eugene 5s 1942

J&D

6s

J&D

Certificates of deposit
5 Ms 1938-1949...
J&J
Certificates of deposit-.

to

6 Par
to 2.50 %
4Mb Jan 1 1939-1946
2.25 Fayette County—
1.00
3.00 %
4M8 Highway 1952...J&D
2.90 %
Harrisburg—
1.00 to 2.40
4s May 15 1939-1953
2.60 %
Jeanette 4Mb 1939-1956.M&S
1.50 to 3.20
2.00 %
2.75
Lacakwanna Co 4s 1944- F&A
2.20
1.70 Lancaster Co 4 Ms '39-'60F&A 6 0.75 to 2.50 I*
2 00 /o
1.25 Lancaster S D 4s May 1945.. 6 2.20
Lower Merion Twp 4s 1945.. 6 2 .20
2.00 %
2.15 %
McK'p't S D 4M" *3943 M&N 6 1.10 to 2.50
Mercer Co 5M8 "39 "47.-F&A 6 1.50 to 2 .85
2.00

2.50 %

I

2°40

to

2 20 %

4.00
to 4.10

to

M&S

4Ms 1938 1940
J&D2
Mahoning Val San Dist—
4 Mb water 1938-1952..A&O
Martin's Fy 5s 1938-*44.M&S
Miami Conservancy Dist—
5 Ms (1 to 5 yr mat*y)_.J&D
5Ms (5 to 10 yr mat'y).J&D
5Ms (after 10 years)...J&D

•Ohio municipal bonds Issued since Jan. 1.1913 are




1.00

Astoria 5s 1953

2.40

Cuyahoga County—
5s 1938-1939

NORTH CAROLINA

July 1961
Ms 1939-1962

to 2.65

4s Water 1939-1958

Cleveland—
5 Ms 1940-1970

5s 1943-1952

i

to 2.00

jto 3.50
1.75"

6 2.25

..

3.00 %
3.75 %

J

to 1.25

1.50
1.00

1

2Mb Sept 1 1938 to 19562 Ms Sept 1 1938 to 1976
2s Sept 1 1939-63
M&S
Cincinnati
(School Dist)—
3 Ms 1940 opt 1912—A&O

to

to

White Plains—

5*s

A&O
M&S

3 Ms Sept 1 1938-62

—

to 2.30

A&O
J&D 6

M&S
WSl-F&A
J&J
Ms July 1943
J&J

to 3.75

Wolcott 4 Ms Jly

6 1.00

1.00

4Ms H'way '39-'49 (s-a)_A&0
4s Highway 1938-1942..A&O
4s Highway 1939-1941
A&O

to 4.00

M&S
A&O 6 2.60

5 Ms 1941
5 Ms Imp" Feb
5s July 1 1965

to 3.50

1939-1954

6 2.00

4Mb Bridge 1938-1944.J&D

4Ms Sewer 1955

—J&D

5*s 1939-1959

OREGON
2 Ms May 15 1939-1940
3 Ms May 15 1941-1945

Multnomah Co—

1.00

3.90s

5.50

Cincinnati—

to 1.75

0.25

J&J
J&J

35*s 1939-1951
35*s 1952-1980.
3Ms 1939-1951
3 Ms 1952-1963

to

Water Works 1942.A&O

1.00
San Sew '39-'82.—J&J
Parkway 1962-86-J&D b 3.25
b 1.00
Co Bldg 1939-44.-A&O

1939-1976

y qq

-A&O
A&O
A&O

Canton—

to 2.25

%
1.25 %

5.25

A&O

4.40s 1956

J&J
J&J

45*s Bridge Rev '67.M&S
County—

4

to

Allen Co 5 Ms
Ashland 5 Ms

Westchester

4Ms
45*s
45*s
45*s

5.25

5.00

4 Ms Dec 5 1939-42

45*s
1942
4 Ms
1938-1953
5s 1938-1945
1.50s 1938-1946
Thousand Islands—

5s

to

1.75 %
to 3.40

to 4.50

5.00

4Mb 1938-1952
4 Ms 1938-1956.

Warsaw Union Fr S D No 10—
4 Ms 1938-1942
Watertown—

3.00

4 5*s 1938-1947

4J*s Pub Imp '38-'45.J&J15
4.20s 1939-1949
F&A
4.15s 1939-1950
M&N
4.10s 1939-1946
A&O
3.90s 1939-1948
F&A

to 5.50

J&J

5.00
5.00

Akron 6s 1939-1940
5 Ms 1939 1951

Utica—

3.25 %
to 3.50 %

5 Ms 1939-1939
5s 1939-1947

{See footnote *)

to 1.25

b 0.60

A&O
—A&O
J&D
J&J

1.50 %
4.25 %

5 Ms

1105*
s f revenue 1977
A&O 1095*
4s serial revenue 1942-'68— b 2.30 to 3.70

1939-1950
45*s 1938-1970
4>*s 1938-1965

%

1.50 %
to 2.75 %

Tulsa—

4s

Troy—
4Mb

1

to 3.50

Muskogee—
4 Ms Aviation 1939-53.J&J 6 2.00
Oklahoma City—
5 Ms 1938-1940
J&D 6 2.00
5s Water 1939-1947.—M&S 6 2.00
4 Ms Water Works 1941 J&J 6 2.00
6 4.50
Okmulgee 5s Mar 15 1943

to 3.00

O—J&J t 3.30
J&J b 3.20
J&J b 3.50

5s Farm L'n 1940-45&'50

5 Ms 1945 & 1948 ser

1938-1950...J&J

6s 1938-1940 reg._

to 2,

3.30

OKLAHOMA

July 1951 & *55
Jan 1957
Fargo 4s Aug 15 1938-54

Water

to

City Hall &

Market 1938-1939

NORTH DAKOTA

Ticonderoga S D No 5—
4Ms July 1938-'58_.—J&J b 2.00, to 4.00
Tonawanda (City of)—
2.00 to 3.25
4 Ms 1939-1942....
J&J
2.00 to 3.25
45*8 Sewer 1938-19.53..J&J
5s

5s

1°
2°40

6 1.00

to 2.25 %

6 1.50
6 1.50

to
to

to

5s June 1 1962 opt
5s June 1 1982 opt

J& l

6 2 30

'52.J&D
'52.J&D

114
116

2.10

1

116

116

2.60,70

6 2.60

5s Jan 1951

2.25

6 2.25

1943-J& I

Philadelphia—

3.25
to 2.50

6 1.00

Norristown S D 4Mb

2.70!%

4 Ms

May 1948
4Mb Nov 1 1948

...J&J
J&J

110

110M

ma

to

taxable, all bonds issued prior to chat date are tax-exempt. JLess 1. 6 Basis, f Flat price, n Nomin. t

98

STATE AND MUNICIPAL BONDS
Quotations for all securities are as

near as

possible for the closing day of the month preceaing the date of Issue

Yield Basis

Yield Basis

or

Bonds

Bid

Philadelphia (Concluded)—
4 Ms 1976 opt 1946
- - 4Ms Dec 17 1978
J&J
4s July 1939
J&J
4s July 1942
J&J
4s Jan 1 1946
J&J
4s Feb 16 1955
J&J
J&J

4s Nov 1 1966
4s July 26 1972
3 Ms July 1 1986 opt

J&J

106 M
107 M
102 M
103 M

Bonds

110M

75
85

90

60

70

85

90

5 Ms Dec 1 1940

—

less

Net

Bonds

3s

6 2.75
J&D 6 1.00
6 2.50

Sept 1 1946

2.60

...

to 3.15

J&D

F&A
F&A

..J&J
Tnd Sch D 4s '39-'64—F&A
3 Ms Nov 11938-1967.M&N

M

Galveston—
5s Grade Raising 1944.A&0
5s School1 1939-1954—M&S
5s 1939-1956
A&O
Grimes County—

TENNESSEE
to 2.25

A&O

4Mb 1939-1971..
4 Ms 1939-1964
4s Refunding 1941

104

1.00
2.15
1.30

Bid

Fort Worth—
5s 1951
5s 1938-1959

109

100 M

1956—

Philadelphia School Dist—
4 Ms 1938-1943
J&J
4M« 1941-1959
M&N
4M« Apr 15 1939-58.A&Ol5

J&D 6 2.25

Ask

1

3.80
2.00
2.00
2.00

—

to 3.20

Ask

Net

to 4.00
to 4.15
to 4.10
to 4.25

2.70
2.00

to 4.15

1.25

to 4.15

2.50
2.00
2.00

to 3.50

to 2.60
2Mb 1947-1948
3 Ms Sept 1 1944
2.35
5Ms Road 1939-54.A&0 10 6 3.00
3 Ms Sept 1 1945
6 2.65
Harris Co—
2.40
to 3.15
2.75
3Ms 1948
J&D 6 2.90
4Mb Apr 10 'SO-'SO.A&OIO 6 2.00
6 3.20
3.90s Sept 1 1955-1958.
3.00
4Mb Road Apr 10 'SO-m.. 6 1.50
to 1.75
6 1.85
4s 1940-1955
to 3.15
Houston—
6 2.00 to 3.40
5s Sewer 1939
M&N
4Mb 1940-1967
to 2.60
6 1.00
4 Ms Jan 1 and Feb 15 1939—
0.75
4Mb Sept 1938-1952—M&N
1.50
4s 1939
J&J
6 1.00
0.75
4Mb Jan 1 1939—
4Mb 1938-1957
J&J
1.50
2 Ms Sch Dist 1939-62.A&O 50.50% to loo"
6 1.40
1.10
4Mb Dec 1 1939
4M Impt 1938-39 (s-a). J&J
1.50
99 M
6 2.90
100 M
2Ms July 1 1938-1956-J&J
2.60
4Mb bridge 1944-1945
4Mb Impt 1940-55 s-a).J&J
2.25
6 2.90
2Ms Feb 1 1939-1958-F&A b 0.50 to 100
6s July 1 1943
2.60
4Mb 1942-1947
2.50
Public Works Relief—
6s April 15 1946-1947
63.15
3.00 %
2Mb and 3s 1941-1968.J&J
1.50
2.60
4M% 1953
J&D 6 2.80
Carter County—
Ind Sch D 3s '39-*66—F&A
2.00
School District—
5s funding Jan 1 1959..J&J / 84
90
Houston S D 5s Feb 1952
3.00
2MB 1939-1963
J&D 60.40% to 100
95
4Mb 1938-1951
J&D
5Mb road
/ 85
2.00
Reading 5s Impt 1943-49.J&J 6 2.25 to 2.60
Palestine 5s Sch Aug 1 1939,
Chattanooga—
8chuylkill County—
4.10 %
4Mb School 1956
A&O 6 4.25
1944. '49. *54. *59, '64— 6 3.00
Port Arthur—
4Mb 1939-1955.
J&J 6 1.75 to 3.00
4 Ms Memorial.Aud '52M&N 6 4.25
4.00 %
Scranton 4Mb '39-*41— F&A 6 1.80 to 2.50
5s 1939-1970
6s Hospital 1954
4.10 %
F&A 6 2.00
M&S 6 4.25
5s 1939-1950
F&A 6 1.90 to 3.20
San Antonio—
Cocke County—
8cranton School District—
2.50 %
5Ms W W 1939-65—M&N 6 1.50
4Mb Road 1947 opt *39.J&J 6 3.00
4Mb 1939-1956
J&J 6 1.80 to3il0
5s Sept 1938-1959
Davidson County—
M&S 6 2.00
3% opt rev 1939-48.-M&N 6 1.00 to 2.90
5s St Impt Dist No 2 1943.. 6 2.50
4Ks Highway 1947...J&J 6 2.80
2.60
&
Wllkes-Barre—
6 1.00
to 3.00 %
4Mb 1939-1967
J&J 6 1.50
5% Co Memorial's8-*50J&J
4MB 1939-1940
J&J 6100M to 2.00
78
82
Dyer Co ref 3M-4Ms 1965
4Mb 1938-1968
F&A
1.50
4 Ms Impt 1940-1945—J&J 6 2.00 to 2.60
3s July 1 1938-1951
Fayette County—
J&J 6 2.00
York 4Ms 1939-1943
F&A 6 1.10 to 2.00
San Antonio S D 5s *56--F&A
4.70 %
4Mb Road 1958
J&J 6 5.00
Gibson County—
Tarrant County—
RHODE ISLAND
6 4.40
4Mb. 1940-1958
4.30 %
4Mb Oct 10 '38-'59—A&O10
W JXfO
Hamilton
County
1M % Unempl Relief '38.M&S 100
5s Water Works 1942—J&J 6 3.50
3.85 % •
4M% Refunding 1957-A&O 6 4.00
0.40
1M% June 1 1939
J&D
6 3.65
5% Bridge 1944
3.50 %
4Mb Water 1938-1968—J&J 6 3.00
1M % June 1 1939-1943..J&D 6 0_.40 to 1.25
Jackson—
Wichita Falls—
2.00 to 2.30
8% Public Wks 1951-56.M&S
3 M % to 4 M % due 1969—
4Mb Ref 1939-1948—J&J 61.50 to 3.50 %
88
4s Charit Inst 1965
M&S
2.60 Johnson City—
4s June 1 1977
J&D 6 2~.75
2.65 %
5Mb Impt 1938-1946-J&D
93
96
Cranston—
Knox County—
UNITED STATES—See
I pages
4s 1939-1966
—.J&J
1.00 to 3.25
4Mb Bridge May 1 '51 M&N 6 3.75
3.50 %
1.00 to 3.60
4Mb Mar 15 '39-73.M&S15
Knoxville—
5s 1939-1942*
A&O
i Refunding 4
1.25 to 2.25
UTAH
91
93
Ms Jan 1 1958t Refunding 4Mb Jan 1 1958Newport—
93
95
i
1.00 to 1.25
4MB 1939
M&S
95 M
5Ms April 1 1941
Refunding 5s Jan 1 1958
98
J&J'6 1.20
5 Ms June 1 1938-1953
1.00 to 3.50
t Refunding 6s Jan 1 1958
4Mb Road 1939
.101
103
J&J 6 0.80
4Mb May 1939-1942—M&N 6 0.40 to 2.25 %
General Obligation 4 Ms
90
4Mb July 1 1939
92
J&J 6 0.80
4s May 15 1948
2.60
General Obligation 4 Ms—
M&N
93
Ogden 4M% 1938-1945—F&A 6 0.60
95
3 Ms g High sch 1954. J&D
Salt Lake City—
2.70
General Obligation 5s—
95
97
Pawtucket—
5s Refunding 1941
97
Funding 5 Ms Sept 1950
J&J 6 1.25
100
4s Ref 1939-1945
3.30
Water 4Mb
4Mb 1950
J&J
6 4.00
A&O 6 0.50
3.90 %'
3.30
4s Ref 1946-1965
4s Funding 1952-1962.A&0
4Mb Sewer 1952
J&D
97
A&O 6 2.20
100
Salt Lake City S D—
4Mb School 1954
M&N
3.30 Madison County—
Providence—
4s May 1 1949
M&N 6 2.30
4M% Highway '38-'49 J&D 6 1.00 to 3.75
Me men is 5s July 1954
4Mb 1938-1959
J&D 6 Par to 2.60
3.25
5%-2M% Refund '58-M&N
J&J 6 3.40
4s Jan 1 1945
—J&J
5s River Term '39-'48-A&0 6 1.00 to 3.15
Salt Lake Co 4 Ms Apr 1 1942 6 1.40
4s Oct 1 1954
A&O
2.50
4Mb Water 1938-1962—J&J 6 1.00 to 3.25
4s May 2 1957
2.50
M&N2
4Mb Water 1949
J&J 6 3.15
3.00
4s Water 1962
—J&D
2.60
3.25
VERMONT
4Mb Park 1959
A&O 6 3.40
4s Oct 1 1964—
A&O
2.60
4Mb 1938-1955
J&D 6 1.00 to 3.25
Par
3 Ma 1938-48
«s 1938-1950
J&D
to 2.30
4s 1938-1954
M&S 61.00 to 3.20 %
J&D 6 0.65
3s 1944-1951
1.00 to 2.30
J&D
4Mb Oct 1 1938-1949—A&O 6 0.70
Montgomery Co—6s Cumber¬
land River Bdge 1953.F&A 6 3.60
Middlebury 4s 1941
3.40 %
M&N 6 4.15
2MB 1939-1957
—F&A 6 0.50 to 2.25
2s May 1 1939-1958
60.40% to 98
Rutland 4 Ms 1946-48
Nashville—
J&J 6 2.70
WPA School Loan—
6s 1939-1942
A&O 6 1.00 to 2.50
3s 1946-1965
J&J 6 1.65 to 2.40%
5s March 1939-1960- -M&S 6 1.00 to 3.25
Woonsocket—
5s Memorial Sq '39-50-M&S 6 1.00 to 3.00
VIRGINIA
4 Ms funding 1941
2.25
J&D
1.50
4Mb High Sch 1940
J&J 6 2.00
Par
6s Fund 1939-1961
M&N
to 4.251%
s Hospital
^-'SO—J&J 6 1.00 to 3.10
126
s 1938-1968
M&N 6 1.00 to 3.25
4Mb 1938-1967
J&D 6 Par to 3.75 %
103
s 1938-1967
13.00
J&J 6 1.00 to 3.25
4Mb Funding 1944
M&N
101
4 Ms 1938-1967
lMs Refunding 1938-'46—J&J 101
s 1939-1948
M&S 6 1.00 to 3.00
J&D 57.00 toi3.60%
4 Ms June 1938-1957—J&D 6 1.00 to 3.60%
Polk'Co 5s 1938-1946
Albemarle Co 5s 1948
J&D 6 5.10
4.75 %
J&J
6s Funded 1939-1959—A&O 6 1.00 to 3.75%
Alexandria 6s 1938-1956.A&O 6 7.00
Robertson County—
4s Funding 1947—...A&O
3.15
Arlington Co 5 Ms '39-*54 F&A 6 1.25
4Mb Road 1948.
F&A 6 3.40
3.20 %
Bristol 5Ma Sch 1939-53 J&J 6 2.50
Shelby County—
SOUTH CAROLINA
4s Courthouse" 1957—A&C 6 3.15
3.00
Charlottesville 5s 1962..M&S 6 3.50
5s Water Impt 1958...J&J 6
5s Aud Mkt H'se 1949-M&S 6 3.25
3.00
3.50
4Mb ctfs indebt 1939- 53.J&D 6 1.50 to 3.10
Danville—
4M% Jail 1940-1951.-M&S 6 2.00 to 3.10
4s institu'l 1938-1959
4 Ms Ref Aug 1942
J&J 6 1.50 to 3.15
Smith County—
F&A
6 2.00 to 3.00
3 Ms Refunding 1940-55
5 Ms Fdg 1939-1958—J&J 6 1.50 to 3.90 %
4Mb July 1 1939-1950—J&J 6 1.00
3ms State Highway—
Fairfax Co 4Ms 1945..F&A2
Tipton County—
Ctfs of indebt 1940-49. J&D 6 2.00 to 3.00
Henrico County—
4Mb Road July 2 '38-*58J&J 6 2.00 to 4.25 %
State ctfs of indebtedness
School 5s 1939-50
Washington County—
J&J 6 1.00

0.50
—J&J
4s 1938-1956.
J&D
0.50
Operating Revenue—
1 Ms Apr & Oct 1938-1941 6 0.40
Pittsburgh—
4Mb 1938-1950
J&D b 0.50
4s 1938-1942

To

or

80

4Mb fund 1939-'47.M&N15
Perkins Co 4 Ms fd 3S-47 J&D
Stanley Co 4 Ms fd '43-'4S J&D
Sioux Falls S D—

109

Bid

Corson Co 5s fd 1939-'47 M&N
Jackson Co—

108

105M

108M

Yield Basis
To

or

Ask

to

3.00

to 3.00
to 3.50
to 4.40

%

to 2.25

.

—

....

„

to 3.25

to 3.50

1.50
to 3.40
to 3.25

to 2.00
to 3.50

to 3.00
to 3.50

to 3.25

to 3.25
to

3.25

to 4.00

to 4.50
to 3.60
to
to

3.70
2.75

to 3.65
to 3.60

to 3.00

t°,

.25

3.9f
to 3.75

to4.25
90

—

-

-

19

&

91

1.00 %
0.60|%
0.60 %
to 2.10

%

1.10
to 2.10
to 2.85

2.10

-

^30

1~25

%

to 2.10

%

to 2.20

4.00

2.60

-

-

1J

J&J 6 1.25

3s Jan 1 1939-1952

to 3.00

6 2.50

to 3.00

6 2.00

to 2.75

6 2.00

to 2.75

2Mb Highway Oct 1 '45-'54
Aiken Co 4Mb 1939-1945.F&A
Anderson Co
4Mb Highway 1939-43.F&A
Charleston—-4Mb Jan '62.J&J
4s Refg 32 '*«x-exem)_J&J
3Ms Wat Works *39-78A&O
Cheraw 5s '52 opt '32.-July 1
Clarendon Co—
6s May 15 '39-'40—M&N15
Columbia 5s Ref 1941— M&S

4Mb Water 1945

J&J

103
100
6 2.25

95
6 3.00

6 3.25
6 3.25

5% Fdg Jan 1 1954
J&J 6
White County—
5M% Highway 1955-.M&S 6

2.50
3.00
3.00

4MB 1939-1953

to 3.00

2.50

6 4.25

J&J

1.75

4.15

5s Highway 1939-1946.F&A 6 2.00
Marlon Co—

to 3.50

6 2.00

to 3.15

2.80

to 3.75

2.75

%

4Mb 1939-1941

M&S

to

2~25

Spartanburg-—
4Mb Water 1939-1905.J&J
5s Sept 1 1939

b"2.00

to 3.75

to 4.15

5Ms Impt Apr 10 1956-1965 6 3.75

5s Nov 1 1943

4MB 1939-1942

M&S

62
62

Spartanb'g Co 4Ms'39-,47M&S

2.00

to 3.00

Sumter Co 5s 1939-1952—J&J
York Co 4 Ms 1939-1950-J&J

2.00]

to 3.25

5s Road Mar 15 1939-195797 M
Oorpus Christ! 5s fd '67.F&A
6s Water 1938-1959...F&A / 50

2.00

to 3.25

3.50

58*1939-1960
SOUTH DAKOTA
5s Rural Credit 'SS-^O—A&O 6 2.00
6s Sept 1941
M&S 6 3.00
5s June 1 1938-1939
J&D 6 2.00
5s Jan 15 1939-1940—J&J15 6 2.00
"

5MS Jan 15 1943

J&J15

3.40

to 2.25

less

less

%

M

to 2.25

6 Basis,




f Flat price.

5s W W purch 1950...A&O 6 4.25
5s Impt Aug 1 1948—F&A 6 4.25
4Mb 1939-1960
A&O 6 2.00

J&D

3.25
3.50

F&A

1.75
6 1.00

to 3.00

65

t"
m-m

55

to 2.50

to

to 3.50 %

4.00
4.00
to 4.15

J&J 6 1.00
J&D 6 3.70

3.30 %

4.00
2.50
to 3.00

3.30

Richmond—
4Mb 1949.
J&J
4Mb 1958
J&J
4Mb July 1 1964
J&J
4Mb July 1 1941.......J&J
4Mb July 1 1965
J&J
J&J 6 0.50

4b

to 3.25

99

3?75
6 3.60

5Ms 1951
F&A
4Mb Impt Oct 11942—A&O 6 3.00
4 Ms 1938-1954
5s Water 1948

4b 1939 to 1943—
1941
4s Elec Light 1942
4s 1943

to 3.25

to 2.75

3.25

_

5M% School Oct 1961
Petersburg 4M> 1952—.A&O

65
100

to 3.25

3%05

5

Portsmouth—

to 4.25 %

El Paso—

to 2.25

4ms Rural Credit—
Due May 1 1943-'50—M&N *63.20 to 3.50 %
Ref 4s Aug 1 *43-'49. —F&A *63.10 to 3.40
3 Ml 1943 to 1946
F&A *3.00 to 3.25
3a Feb 1 1947....
F&A
99
100

Lees 1.

6 2.00
6 2.00

4M1 1939-1970
M&N
4M 1939-1945
M&N 6 2.00
4M 1946-1965
M&N 6 2.50
4s School 1938-1951.J.J&J 6 2.00
98
2Mb 1938-1957—
J&J
Dallas Co 4Mb Apr 10 1951— 6 3.25

1
4Mb Rural Credit 1942—J&J 6 3.20j less 1

♦

M&N

4Mb 1948
4Mb Feb 1953

w

°

3.85,

25

5

100

A&O 6 3.75

A&O

00
to 3.00

4

3.75

Cameron County—

6 3.00

J&D

to 3.50

Brazoria Co—

„

2.50
to 3.25

J&D

Norfolk—
3s Jan 1 1939-1948
3s Jan 1 1949-1958

to 3.50 %
to 3.50

to 4.10

J&J

3.25

3.25

4s street Nov 11941..M&N

to 4.15

4Mb 1938-1970
4s 1942 opt 1922
3 Ms 1939-1952—
4s 1953-1977

to 4.25

Newport News—

%""

to 2.25

6 2.00

4.00

4Mb June 1 1957

to 3.50

4Mb Pub Impt 1946—.J&J
2.60
4Mb Water 1951
J&J
2.75
4s Pub Impt 1939-1959. J&J 6 1.00 to 3.00
%
2s 1950-1956
J&D 6100 M to98M
1Mb 1942-1949
J&D 6 1.10 to 1.90 %m

98

3.25
4Ms 1954-1958J&J
Beaumont—
5s Water Work* 1954.M&S
6s 1939
A&O 6 2.00
5s 1949-1965
A&O 6 2.50

to 3.20

Greater Greenville Sewer Dist

M&N

,

2.75
to 3.40

Lynchburg—

94
Abilene 5s Feb 15 1959-1965Amarillo 4Mb ^-'dS-MAS 15 6 4.25
Austin—
5s 1938-1942
J&J
1.75
1.75
4Mb 1939-1961
J&J

100

6 2.25

4M« 1067

3.75 %

100M

to 3.00

Kershaw Co—

4.00 %

4.00

TEXAS

104
to 3.30

Greenville—5s St 1942
J&J 6 3.05
3 Ms water ref 1939-76 M&N 6 2.00
Greenville Co 4 Ms *40-'55_ J&J 6 2.25

4Mb Highw 1939-1945.F&A

4.40

130

765""

2.60
2.75
2.75
1.50
2.75
to 1.50

J&J

2%00

J&J
—.J&J

2.10

4Mb Street Impt May 1940
4Mb Pub Bldg 1941—M&N
4Mb Pub Bldg 1944—M&N
4 Ms April 1952
A&O

1.50
2.25
2.50

2.20

Roanoke—

"

2Mb Water 1939-68

3.50

A&O 6 0.60

to 2 .85

2Mb Jan 1 1939-1958—J&J 6 0.50
Staunton 5s 1938-58
M&S 6 0.50

to 2.60

Tazewell Co»5a 1939-46—J&J 6 1.00
Washington County—
5s school 1939-49.
..J&J 6 1.00

J Optional to Jan. 1 1938 at 105, 1943 at 104. 1948 at 103, 1953 at 102 and 1958 at 100.

to 3.40
to 3.25

to 3.40

Quotations for all securities are as near as

possible for the closing day of the month preceding the date of Issue

Bonds

Net

4M% Gen oblig 1938-1943J&J
4% Gen oblig
1948-50
3M% Gen oblig
1950-51
31?% Gen oblig
1951-52
dlark Co 5 Ms '52 opt '33 A&O
Refunding 6s 1953
M&N
Everett—
4Ms Gen oblig wat-1938-59

1943-1954—J&J
1939-1954
M&S
1939-1953.-J&J

2.00
1.50
1.50

to 3.25

Imp—Mar 1 1939-1942—

1 50

to 2.25

3 Ms

6:1.00

to 2.05

4 Ms

6 2.60

to 2.75

5Ms

6 2.60

to 2.75

6 2.60

to 2.75

101

6 1.50

to

3.40

5s

3.25

Ref

to 2.50
to 2.00

to 3.40

Walla Walla—

4Mb ref wat

to 2.25

nnlfi

T.

T

1938- 54-..J&J

to 2.00

to

P—A&O 6 2.00
5 Ms L & P 1939-1943-M&N 6 2.00
5s Light & Pow 1942-56A&0 6 4.00
4M Lt & Pr 1939-'58.-M&N 6 2.75
Gen oblig 4Ms '39-*40-A&0 6 2.50
4Mb 1941-1955
A&O 6 3.00
4Mb 1939-1957
A&O 6 2.50
4s mun lt & pr'38-'53.M&N 6 2.00
3M mun It & pr '43-53 A&O 6 3.25
3 Ms mun lt & pr'39-'54 A&O 6 2.00
6s 1939-1941 L &

1939—M&N
1938-1951—J&D

2.00

5s Wat rev

6 1.25

to 3.10 %

WEST VIRGINIA
6

to 3.60
to 4.50

4s

6 2.25

to

3.25

4Ms
1938-1949
J&D 6 0.50 to
Milwaukee—5s 1938-'40—J&J 6 0.50 ito
4Mb 1938-1945
J&J 6 0.50 'to
4s
1938 1944
J&J 6 0.50 I to
Milwaukee County—
4 Ms Ct H'se '38-'50 M&N 15 6 0.50 to

2.20
1.10
2.00

to 4.50

3 Ms 1951 and 1952
3 Ms
1943-1952

4Mb Sew Mar 12 1939-1945- 6 0.50
4Mscourth'se '38-49 J&D16 6 0.50

to 2.40

J&J

July 1948-1952

J&J
J&J

6

to 2.50

to 2.10

2.40 %

to 4.00

3s

to 4.00

2 Ms Sept 1. 1946-1960—M&S 6 2.10
2 Ms Nov 11938-1962—M&N 6 0.25
6 2.00
2Ms May 1 1944-1962

to

4.10

to 4.00
to

4.05

to 3.10

1938-1952----—J&J

Surplus

to 2.35

4s Road 1951 opt

to 0.50

5s

6 1.00

J&J

1938-1944

6 1.75

1.50

6 1.00

to 3.00

to 3.25
to

3.25

Capital

Reserve

Surplus
31,

3,000,000
7,500,000
15,000,000
3,000,000
3,000,000
1,000,000
200,000
1,000,000
3,343,740
1,000,000
1,000,000
300,000
7,500,000
5,000,000
1,500,000
1,000,000
3,000,000
1,000,000
2,000,000

(Hartf)

—

Aetna Life (Hartford)

Agricultural (Watet'n)
Amer Alliance (N Y).
Amer Equitable (N Y)

(Wash'ton)

Amer Home Fire(N Y)
Amer In^ur (Newark)
Amer Reinsur (N Y).
Amer Reserve (N Y).
Amer States (Ind'nap)

Amer Surety (N Y)__
Automobile Ins' Hartf)
Baltimore Amer
Bankers & Shipp
Boston (Boston)

(Bit)

(NY)

Buffalo Ins Co (Buff)
Camden Fire (Camden)

Carolina (Wilmington
N.O.)
Central States Life (St
Louis)

77,748
841,394
11,982,022
1,185,624
2,188,793
934,306
5,941,659
9,028,811
2,484,927
3,303,633
4,694,847
2,276,425

5,235,713

19

115

Continental Ins (N Y)

Eagle Fire (Newark).
EmployersRe-ins(KO)
Excess Ins (N Y)
Federal Ins (Jer City)
Fidelity & Dep (Bait)
Fidelity-Phenix (NY)
Fidel & Guar (Bait)—
Fire Assoc of Phila
Fireman's (Wash'ton)
Firemans Fund (S F).
Fir em ens Ins (Newark)

13,142,938
7,232,618
6,880,363
5,285,913
684,304

.

Georgia Home
Gibraltar Fire & Mar
Glens Falls Insurance

2,512,137
7,406,132

4,897,527
4,059,443

400,000

718,360

1,137,150

20

1,000,000

Assur/com
\pref 100

29

Merchants

38M
26M

(Providence)
National Cas (Detroit)
National Fire (Hartf).
Nat'l Liberty (NY)—
Nat'l Union (Wash)-.
Nat Union Fire (Pitts)
New Amsterdam Cas
(Baltimore)

(Denver).

.

905,995

10

(Newark. N J)

73 M
527
300
17

New

Amer
Indemnity
(New York).

Brunswick

Halifax (Halifax, NS).
Fire (N Y).

Hanover

5
10
10

2
5
20

(Hartf)

3,000,000 6,429,741
15,000,000 38,657,540
1,000,000 2,736,467
200,088
4,932,000
402,971
1,000,000

Home (New York)
Home F & M (S F)
Home Fire Security.
Homestead Fire (Bait)
_

Importers & Exporters
(New York)

Occidental Ins (S F)_.
Old Line Life (Milw).

93

Pacific Fire (N Y)__.
Pan-Amer Life (N O)-

25M
28 M
46 M

Peerless Casualty....
Phila Life (Phila)

8

40 m

43

20

1,901,658
2,198,357
5,811,786
4,746,269

35

38m

575,705

5,317,985
802,908
17,345,695
3,357,453
30,667.113

1,000,000

917,667

25
10
10
25
10

2,000,000
1,000,000
1,000,000
1,000,000
1,000,000
400,000
700,000

5,240,607
2,250,533
1,106,461
2,335,991

5
10
10
10

City, Mo)..... 100

1,000,000

6,162,223

(Providence)..

9

10

19

22

63

Rochester

9

94,734,162

(Rochester)
...
Ins (Hartford)

Rossia

23

St Paul F & M (St P).

22 M

26 M
64 M

27 M

Seaboard F & M (NY)
Seaboard Surety (NY)

50

52
24 M

36 M
2M

13 M

370

t Consists of $366,870 $4 cum. 1st preferred,

57 M
410

1«k
8

11,958,021
554,995
8,255,808

69

14

16 m

28m

30 m

10

5,284,542

"14m

13

4,529,207

i,ooo.o65 2,550",505

2m

946",721

71

53?

6m
19

17

2,986,748
921,333
712,088

2,349,153
1,384,273
1,525,045

21m
16m

1,000,000 1,683,639
923,767
1,500,000
4,000,000 23,309,581
651,498
1,000,000
1,000,000
1,000,000
1,000,000 3,244,267

836,660
3,084.449
9,303,853
658,242
740,619
4,203,693

24

2,000;000
1,000,000
1,000,000

5

American

21M
21M

66 M

102

98

Washing¬

Republic (Dallas)....
Revere (Paul) Fire
Rhode Island (Prov).

39M

112m 115
26
23 m
10 m
11m

117,498

2,809,172

2

8

P
78
25

405,645
220,322
1,000,000 2,054,726
6,000,000 38,182*317

1,000,000

10
10
10
5

-

942,240

3,000,000

RelnsuranceOorp(NY)

37 M

11m
22m
75

1,798,467

16

56

9
25 m

916,498
1,000,000
2,064,269
1,000,000
2,000,000 12,030,562
1,000,000 4,581,784

5

(New York)
ton

2,086,422
21,114,464

23 m

1,707,901

Providence

7M

12,000,000 54,240,005

8m

4,414,095

21M
31M
18M

Insur Co of Nor Amer

(Philadelphia)
Kansas Ci ty Life (Kan¬

5,902,149

10

(Milwaukee)

5M

1,222" 065

958,018

103 m

4,000,000

h

1,403,713

5

(Minneapolis)

36M

8*
i!H

1,000,000

7

Hk*
99

17 m

North wester nNational

Insurance Co of State

(Philadelphia

52 m
6

8,430,465

North River Ins (NY) 2M
Northern Ins Co(NY) 12 '2
Northwest Fire & Mar

60

81,084

4

1,000,000

New York Fire

Phoenix Ins (Hartf)..
Preferred Accident

395,019

6

1,104,343
863,183
15,336,951
6.687,915
99,794
7,211,703

3,000,000

28

73

200,000

1,519,452

10

24

254,220
12,954,358
12,995,622
7,676,380
2,363,558
1,126,382
1,445,326

8,719,926
51,585,447
2,205,218

7-S

640,670

10

70

Phila Nat (Phila)

38,201,787

41

"25""

733,549
1,000,000
750,000
750,000
5,000,000 20,031,369
4,000,000 7,061,655
325,721
100,000
1,100,000 5,071,361

1,000,000

(New Brnns. N J)..
Hampshire Fire
(Manchester, N H)
New Jersey Insurance
(Newark, N J)

Hartford Steam Boiler

(Hartford)

46

38
115

Fire

28

3,994,343
13,502,357
1,059,053
4,805,714

"3m

New

Gr

Great Amer Ins (N Y)

2I*
43

Insurance

it*
4?*

6,561,640
2,553,973
1,442,339

2m

Merchants & Mfrs Fire

8,418,754
20,522,705
1,097,509
3,851,702
441,123
2,724,679
6,364,068
15,367,997
3,402,136
9,317,827

1,000.000 2,802,013
8,150,000 22,399,846
2,000,000
1,702,507
4,000,000 5,213,048
12,000,000 47.714,286

.

-




2,000,000
5 12,500,000

Merch Fire

3

2,500,000 6,591,820
1,000,000 1,345,528
1.200,000 16,584,985
+959,745

(Glens Falls, N Y).
Globe & Republic
Globe & Rutgers Fire.

No par value.

1,444,670
11,531.659

Reliance Ins (Phila)—

Franklin Fire (Phila).
General Reinsurance

Fire

1,967,908
4,773,543

9

2

Cas'ty

10M
28M
21M

14 M

334,421

1,000,000
2,544,798

share

8

1,939,435
166,918

(New York)

2,526,605

445,769
2,500,000
605,381
10,519,950
5,515,051
40,351,755
1,558,499
9,422,201

1,000,000
210,000

Merch Fire

6

498,031
889,159

5,013,966
51,759,596

Per

(Phila).
10
Maryland Casualty
1
Mass Bonding & Ins
(Boston)
12'i

18 M

Ask.

Bid.

$

5
5

—.

19M

1,750,000
5,000,000
815,000
1,500,000
755,095
4,000,000
2,400,000
3,750,000
1,000,000
2,000,000
300,000
7,500,000
9,376,690
3,000,000
1,000,000
500,000
1,000,000

—

Reserve

Premium

$
2,051,004
161,527

Knickerbocker (N Y)
Lincoln Fire (NY)

22 M
64 M

784,722

2,808,328 38,822,179
6,210,523 188,156,229
3,695,297 22,263,915

Capital
$

Manufacturers

745,006

2,000,000
3,000,000
1,000,000

(Boston)
Continental Assurance
Continental Casualty

Par

share

82M

400,000
1,500,000

Conn Gen Life (Hartf)

2d preferred

18,326,607
4,014,483
3.103,032
2,868,502
358,810
1,064,482
10,042,548
3,028,762
1,289,054
301,393
4,072,585
7,185,126
1,426,661
1,582,925
14,706,570
2,197,738
4,221,644

15,222,624
20,016,996
6,655,795
5,356,163
1,945,247
4,430,055

500,000

City of NewYork(N Y)
Columbian Nat'l Life

(Hammond, Ind)

14,075,487
15,600,498

l/nearnea

1937

Dec.

Ask.

Bid.

Aetna Casualty & Sur

(Hartford)

the date of Issue

Premium

1937

Per

•

1941—A&O

Natrona Co S D No 2—

Unearned

Dec. 31.

sas

to 3.25

/Flat price.

Par

of Pa

to 3.25

WYOMING

to 2.40

1.40% July 1. 1938-1939--J&J 6 0.25
100 M
Charleston 4 Ms *41 opt *27 J&J
Charleston S D—

Quotations are as near as possible for the closing day of the month preceding

Hartford

to 2.75

to 2.40

M&S

Sept 1, 1938-1946

5s

Amer Fire

to 3.25

to 2.75

to 2.10

Clarksburg 5sl938-1953.A&0 6 1.00

Aetna Insur

to 2.20

4Ms 1938-1950
J&J 6 1.00
Superior 4Ms Sch '38-'44_J&J 6 1.00

—

to 2.25

1.90
2.25

to 2.00

Racine—4 Ms 1938-'57—M&N 6 1.00
6s 1938-1941
F&A 6 1.00
Racine Co 5s 1939-1940--J&J 6 1.25

to 1.80

6 1.90
6 0.25

to 3.00

Seattle School Dist No 1—
4s
1946-1950
M&N 6 2.85

b Baste,

to 2.15

6s W W 1938-1960—M&N 6 1.00

to 2.25

to 3.00

A&O

6 0.50

Madison—

0.50
5s Highway 1938-1946—J&J
4Mb
1945-1954
J&J 6 2.20
6 0.25
4 Ms
1938-1943
J&J
4s 1939-1950-..J&J 6 0.75

to 3.40

1939-1947

4Ms
to 3.10 %

to 3.40

Seattle—

to 2.10

Green Bay—

3.40

to 3.10

to 3.00

Eau Claire 4 Ms 1938-1944. J&J 6 0.50

5 M« GO sewer
to 3.40

2.40

WISCONSIN

2.90
3.10

Yakima—

to

100 m

100 M
to 3.00

%

to 2.90

6 1.25

Net

Ask

100 M
Clarksbg S D 5s '41 ep '21M&S
Hancock
County—5s
Grant
99 M
Road Dist '46 opt '32-M&N
Huntington 5s 1944
--Oct 62.75
100
Mercer Co 5s *44 op '24 A&O 15
Morgantown 5s 1938-1948.J&J 6 0.25
Wheeling—
5s Wat Wks 1938-1952 .J&J 6 0.25

to 2 50
to

1.25
2.75

MsEIL&P'38-51 (s-a) A&O
4s Water 1944-1946
J&J

4

1938-45 6 1.50
3 Ms Water ref—1938-39 6 1.50
2 Ms Water ref
1940-42 6 2.00
King County—
4Ms Bridge 1938—.M&N
4Mb Bridge 1939-49.M&N 6 2.00
4Mb 1938-1950
M&N 6 1.50
Pierce County—
6 1.00
4 Ms 1938-1944
Port of Seattle 5s *38-'55 M&S 6 1.00
4 Ms Jan 1939-1955
J&J 6 2.00

%

^

Revenue Bonds—

ref

to 3,25 %
to 3.10 %

Spokane Water Revenue—
4Ms-4Ms 1938-1941—A&O 6 1.25
Tacoma—Revenues—
1.50
4Mb Water *39-43 (s-a)J&J
2.10
4Mb EIL&P ,42-'46(s-a)J&J

To

or

Bid

Bonds

Net

Ask

1.25

to 1.25

6s Gen Fund 1938 1940—J&J b 1.00

Water

Bid

Spokane—,
4Ms Park 1962---.-—J&J
4s & 4 Ms ref 1938-51-. J&J

WASHINGTON

5s

To

or

To

or

Ask

Yield Basis

Yield Basis

Yield Basis
Bid

Bonds

99

AND MUNICIPAL BONDS

STATE

June, 1938]

10
5
25
10

10

Security Ins (N Hav).
10
Springfield Fire & Mar
(Springfield, Mass) 25
Stuyvesant Fire (NY)
5
Sun Life Ass'nceJOas) 100

25
5
Westchester Flre(NY) 2M
Wisconsin Nat Life...
10

$517,879 $5 2d preferred, and

934,590

375,000

1,042.256

1,000,000

8,163,259
537,348

21,698.853
5,445.542
6.890,470

400,000

9

18 m

20m
30 m

104 m 107 m

3m
415

465

399

409

6m

7 h

10m

11

n
6

24
1

$75,000 $5 junior preferred stock.

187

29

625,063

1,000,000

27

3m
180
7

5,000,000 12,485,056 12.004,391
6,861
741,327
500,000
58,851,773
2,000,000 18,118,207
Travelers Fire (Hartf) 100 20,000,000 28,057,816 784,893,059
2,395,134
U S Casualty conv pref
2 1,000,000 1,721,455
U S Fidelity & Guar¬
anty (Baltimore)...
2 2,000,000 6,005.215 14,377,490
9.773,756
U S Fire (New York).
4 2,000,000 16,277,857
2,817,550
U S Guarantee Co—'.
10 2,000,000 4,253,298
387,306
400,000 1,007,164
Univer Ins (Newark).
8
Virginia F & M (Rich¬
mond)
...
West Coast Life (S F)

f

•

8

27

8

12m

27
15

28 m
17

Banks & Trust

Companies

STATE AND NATIONAL BANK STATEMENTS

Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, and are
possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes

as near as

•ales.

Figures of deposits, capital and profits for the National banks are from the Comptroller's last call; for all other insti¬
tutions they are the latest obtainable, direct returns
being procured by us where no periodic statements are required. For
the Clearing House banks of New York, deposits are taken from the latest
weekly statement.

National Banks
March 7

ALABAMA

Capital

•State Institutions
Dec. 31

National Banks

CALIFORNIA

March 7

Gross

Surplus &
Profits

Par

Deposits

Bid

Ask

Capital

Surplus &
Profits

State Institutions
Dec 31
.

Gross

Deposits

Par

Bid

Nomi nal.

Birmingham—

Per

Bank for Savs. & Trts. d
Birm'ham Tr & Sav

125,000

105,000

Common...

500,000
Preferred
al ,807,200
Industrial Sav Bank- d 125,000

1.050,000

share.

50

25,486,575

Common.

3,000,000 110591390
6,750,000

$

53,670,881

I

(100

1 20
1,194,217 '100

81.700

a50

Per

15,564,079

100

2.914,886

50

N

share.
0

re cent

sa

Common..

J25
\25

35

37

les

5,000,000 162779095 100,980,010
1,000,000

Preferred

{25

4,285,000 112,229.375
5,328,800 115,888,800

20
100

(25

18**

19**

Citizens Nat Trust &

5,000,000
3.000,000

Farmers & Mer Nat

Mobile—

22

23**

350

385

Secur-First Nat Bk—

375,000
1,000,000
1,000,000

258,269
1,387,114
1,307.499

2,402,545
20,213,789
18,885.785

25
100
20

57

59

300,000
1,000,000

Merchants Nat Bk__

$

486,590
6198,124

Los Angeles—

Savings Bank
Amer Nat Bk & Tr Co
First Nat Bank.,

1,000,000
225,000

California Bank—

First National Bk—

Preferred

Long Beach—
Farm & Merch Bank
Western Tr & Sav Bk

6809.393

Ask

Norm nal

221,064
717.889

4,033,143
16,853,853

10

12

10

14

12**
14**

Common
Preferred

Union Bank & Trust-

24,000,000 11450000 563,721,893
9,500,000
2,500.000 2,627,842 40,259.097

(25

41 J*

40**

i5o •102" 107""

Oakland—

MontgomeryAlabama Nat Bank.
First Nat Bank
Union Bk & Tr Co—
Common

100,000
50,000

Preferred

.6

84,956

Bank of Commerce.

2,045.893 (7*

69.933
325,750
2,000,000 61,854,777
241,414
300,000

_

Central Bkof Oakland
Farmers & Mer Sav.

1.353,414
41,735,180
10,464,689

"loo

100

100

Pasadena,—
Citizens Coml Tr & S

6466.874

5,956,219

400,000 1 6736,581
600,000
38,347
150,000
264,314
300,000

15,078,953

962,500
50,000
246,250
145,000

1,421,386

175,000

dl ,500,000

300,000

First Tr & Sav Bk—

Common..

Selma—

City National Bank.
People's Bk & Tr Co.

400,000
120,000
200,000
350,000

Selma National Bank
Selma Tr & Sav Bank

212,983
80,768
219,893
120,423

2,616.530
1,482.118
1,582.025
1,471,874

100

,90
42

95
48

125

150

■I

25
100

Preferred
Pasadena-First N Bk

San Bernardino—
American Nat Bank- d
San Diego—
First Nat T & S Bk.

ABI7flMA

San Diego Tr & S

State Institutions

AI\IZA/1lA

_

Preferred

Nom

Per

250,000

i

197,583

4,245.884

100

29.748,790
1,656.649
1.328,842

100
100
100
100

124,004

3.380,621

100

449,128

25.648,312
12,750,839
8,185,898
3,132,443

150,851
104,494
671,699

i

100

Valley Nat Bank—
Common........

600,000

16,809,949 t 20
4,238,629 t 25

1,221,400

J 727.244

37,239.791 J5
16**

250,000

408.290

& Savs Assoc

N o
re cent

Preferred.

sa

les

Bank of America
Bank of Canton
Bank of Montreal—
Canadian Bk of Com
Crocker First Nat Bk
The San Fran Bank
Pacific Nat Bank

Wells Fargo Bank
Union Trust Co.

TucsonSou Arizona Bk & Tr

8.741,075

N

0

re

V

cent

sa

^

les

100

10 a

4 J*

3**

45,249

J 25

100

125
100

"80*" i25

100

125

102

135

Anglo California

5,468,413 187,538.510
8,227,037 98,610,633

.

867,359
165,608

'

San Francisco—

share

National Bank

550,000
247,500

578.612

nal.

Bank of Calif, N A.
Bank of Amer Nat Tr

Phoenix—
First Nat Bk of Ariz.
Phoenix Sav Bk & Tr

*250"

B

Common..

March 7

Security Tr & Sav Bk
United States Nat Bk
Bisbee—
Miners & Merch Bk.

3,855.084

155.564

Capital Nat Bank—
Merchants Nat Bank
Sumitomo Bk of Cal_

March 7

45

20

Sacramento—
Citizens Bk of Sacra.

National Banks

40

25

J 6817,890

Security Nat Bank.

100

j

\25
1,828,399

100

20
80

1

12

13**
187**

180

61,730,034 1301843741 12**
39** 41**
1,500,000 /2,217,422 18,854,965
25
101,094
3,689,554
100
/ 191,883
190"" 194""
4,427,350
100
459,011
1,300,000
152
19,023,023
100
6,000,000 8,051,234 122,804,390
280
100
325'"
6,000,000 8,670,747 157,209,122 1000 11,000 12.000
377,752
1,000,000 i
8,801,471
100
115

&

Yokohama Specie Bk
American Tr Co—
Common
Preferred

9,000,000 68,594,413 206.498,282
337.527
4,537,292
l.ooo.opo

7,500/000
7,500,000

J67060 443

600,000

834.284

254,421,072

100

265

270

V

|20

26

28

43

45

100

260

275

San Jose—

First National BankNational Banks
March 7

ARKANSAS

.

Commercial Nat Bk.
First National Bk—

March 7

dl45,000 i

Common
Nom inal.

Fort Smith—

Per

City National Bank.

299,000
500.000
500,000

First National Bank.
Merchants Nat Bank

82,519
505,704
655,325

2,807,410
7,123,945
9,912,937

10.362,059

Santa Ana—

State Institutions

564,700 I

Preferred

101,254

1,618,702 12**

205,047

9,645.126

435,300

1140

(100
1100

------

share

Stockton—
First National BankStockton S & L Bank
Union Safe Dep Bk._

100
100
25

200,000

537,084

1,000,000

6870,569
123,798

375.000

4,328,473
11,067,265
2,668,401

100

n

o

100
100

re

cent

sa

les

Little Bock—
Commercial Nat'l

Peoples Nat'l Bank..

300.000
200,000
100,000

i

Twin City Bank
Union Nat BankCommon

8,702.397
3,261.603
1,044,413

20
*

25

25
No

300.000
185,500

...

Preferred..
W B Worthen Co

444,209
103,002
41,284

d

J 330,648

10,086,590

670,500

325,093

14,766,802

120

re

\20

sa

cent

les

50

c

B of Coma

Common.....
Preferred.
Simmons Nat Bank.




a

Outstanding preferred stock consists of SI,107,200 1st pref. of $20

par

value and retirable at $50 a share, and $700,000 of 2nd pref. stock.
6 March 7,1938.

Pine BluffNat

Sale price.

t Controlled by the Transamerica Corp. of San Francisco, Calif.

Savings deposits.

i Dec. 31.-1937.
d Common and

preferred stock outstanding.

/June 30,1937.
50.000 I
50,000
400,000

71.183
887.881

2.045.460 J100
1100
12,613,746

100

325

g Quotations for the San Diego First National Co., which controls 97%
of the stock of the First National Trust & Savings Bank of San Diego, Calif.
-V"

I Last sale

p±ice.

P Par value 100 yen,

n

New stock,
..

—

and

bams

June, 1938]

National Banks

CANADA

(po$\n)1

Surplus &
Profits ■

")'■

Colorado SpgB.—

Wilmington-

Gross

Ask

Bid

Par

Deposits

Oolorado 8pg« Nat
Common

$

S
50.000

B

1,739,841

210.000
500.000

305,364
3.630,431

625.000

1,021.927

709,481
203,175
n800.026
1,000.000
1,500.000 s2,687,545
951,210
672.600
4,000.000 11,792,602

Equitable Trust Oo_
Security Trust Co
Wilmington "**»• Co

Nomi nal.
Per share.
50

110
300

25

39

26

80

100

72
165

25

65

68

2,459,894
18,782,972
2,586.701
3.467,710
10.188.679
14,680,990
9,109,898
75,985,801

100

60

140

148

60

215

222

1,790.879
8,072,213
4,728.500
3,242,763

100

150

10

16

mmmmm

42

20

(100

100.000
84,500

88,870

2,407,588

Exchange Nab Bank-

300.000

First National Bank-

300.000

361,872
405.174

6,693,583
10,212,128

1100
100

100

Nomi nal

Denver—

Per

Washington—

American Nat Bk—

300.000
150.000
350.000

Common........

Preferred..
Central Sav Bk & Tr
Oolorado Nat Bank

a

!

452,773
95.041

7,916,040 f 50
1 60
5,147,372 100

Anacostia Bank

a

145,000

City Bank

a

490.000 r

Columbia Nat Bank.

800.000

Preferred

60.000

Colorado State Bank
Denver Nat Bank...
First National Bank-

1,260.000
1,500.000
100.000
National City Bank. a
100.000
Union National Bk
550.000
U S National Bank..
500.000
International Tr Oo_

^

1,454,053
119,433
1,664,304
2.555,445
33.689
25.700

.

2.240.221
1.689,452

728,915
24,456.644

1.000.000

Liberty Nat Bank
n

cent

sa

les

500,000

Lincoln Nat Bank

o

re

400.000

McLachlen Bkg Corp o
345.000
Bank of Wash- c1.050,000
Nat Capital Bank
200,000
Nat Metropol Bank800,000
Nat

"loo

16,175,569

100.000

Hamilton Nat Bank-

37.613.047 (100
1100
100
1.685.973
50
30.410.657
100
54.098.791
1,168.990

77.996
299,047
541,155
262,058
816,454
326,066
810,379
209,110
658,394
197,811

250.000

Bank of Comm A Sav

1,000.000

Common

100

100

i,742,770

share

mo

200

100
20

230
26

100

150

100

190

50
100

75
125

100

135

140

100

230

260

99,490,506 (100

265

285

100

102

60

50

24,600,456
7,364,272
10,136,027
4,797.013
11,208,425
2,522,095
27,216,321

—

-

mm -

29
154
mmmmm

mrnmmm

mmmmm

Rlggs National Bank

Secur Sav A Com Bk

3.000,000 14,623,695
1.217.500
389,377
a572,500
288,409
a588,000

100

Amer Secur A Tr Oo.

3,400.000

100

Nat Sav A Tr Co—

Common—.
Preferred

8,224,630
7,507,071

100

125

4,787,778

52,813,753

100

240

250

Common

1,000.000 ii,867,239

17,404,727

209

220

Income debentures

500.000
2.000,000
2.000,000
1,000.000

5,654,129
11,049,124
23,486,067

Second Nat Bank

Pueblo600.000

Mlnnequa Bank
Pueblo Sav A Tr Co

1,072.934

30.000

First National Bank.

134.734

Common........

100.000

Preferred..

80,536

20,104.045
1,978,148
5,200,144

200.000

l

(100
1100

Munsey Trust Co
Union Trust Co

Wash Loan A Tr Co_

National Banks

"sr connecticut

600.000

360,090

19,776.601

102,300
1,220.551

l

1,442,817
24.730,631

Preferred

Brldgep't City Tr Co
North End Bk & Tr

25.000
125.000
25.000

Common

1st preferred

preferred

hx
40

57.879

38

7X
70

100

40

72

82

228

250

Institutions

March 7

1,358,768

( 25

Noni nal
Pei
share

Jacksonville—
Atlantic Nat Bank— 43,000,000
Barnett N B of Jack.
1,500.000
Florida Nat Bank— (71,500,000

1,090,589
1,328,216
1,060,890

45,116,628
23,089,229
30,551,871

10
100

180

25

21

100,000

165,135

1,735,084

25

200.000

1,200.000

83,760
627,112

100
100

50

1100

101

150

20

32

35

100

185

200

100

110

125

10

26"*

Miami—

100,000 /

Florida Nat Bk A Tr g

45

9

Lakeland—
Florida Nat Bank--. Q

First Trust Co

1,428,978 (100

lloo
215,702

165.000
99.500

Preferred

10
b

25

West Side Bank—
Common........

100
100

First National Bank.

8

"60"

f 25

2,200,000

80

100

Amer Bk A Tr Co—

Nomi nal.
Per share.

1.485.000
100.000
Black Rock Bk A Tr. a

State

{100

March 7

Bridgeport—
First Nat Bk ATrCo
Common

1,197,344
1,060.589
2,343.271

florida

March 7

2nd

Ask1

Bid

Par

$

$

$

Central Nat Bank
Farmers' Bank
Industrial Trust Oo_
Union Nat Bank
Delaware Trust Co

.

133,548

Preferred class A__

..

Gross

Deposits

Institutions
March 7

Nomi nal.
Per share.

Oo'orado Sav Bank..

Institutions

March 7

State

NalMa°'cH7nks COLORADO
Surplus &
Profits

State

delaware

March 7

Capital

Capital

101

tbust companies

400.000
100,000

287,475
65,740

2,113,927
35,358,151
111,144
8,627,492
2,255.716

300,000

513,305

16,361,087

Little River Bk A Tr

First
National Bank

Miami

71,635

135
120

150
125

100
25

100

Beach

Orlando—

Hartford—

Capitol Nat Bk & Tr
Conn River Bkg CoFirst National Bank-

Glastonbury Bk A Tr
Hartford Nat Bk & T
Industrial Bank
Pnoenlx St Bk & Tr
East Hartford Tr Co

Hartford-Conn Tr Co
Park Street Tr OoRlverside Trust Co.

_

Simsbury Bk A Tr Co
So End Bk A Tr Co—

215,792
987.490
945,335
124,514
4.452.771
195,624
2.038.828
135.467
4,475.045
153.353
197.483
110.421

300.000
150.000
1,150.000
100,000
4.000.000
100.000
1.600,000
100,000
4.000.000
100.000
250.000
125.000

50.000
60,000
500.000
200.000
100,000

Common

Preferred

Travelers Bk & Tr Co
West Hartford Tr Co
Windsor Trust Co—

l

50.183

25

22

30

450

100

105

2.778.140
7.212,743
15,572.245
1.706.356
65.227,951
78.489
34.622.107

100

1.830,234

25

41,340.446
3,174,382
3,136,264
1.922.309

25

846,796

25

/ 25

lis"

50
10

"24"

"26"

265"

285"

25

25

"59"

25

3,182.588
1.550,737

127,851

6100

25

374,804

a

500.000
150.000
100.000
150.000

77.712
109.768
37.944

a

249.200

219,152

756.000
472.500

•1.039,537

21

15

20

100

25,533,751

20

25

2,499,334

Meriden Nat Bank.
Meriden Tr & 8 D Co
Puritan Bk A Tr Co-

25

5,702.337
1.660.443
5,781
1,354,161

170

200

25

15

First Nat Bk & Tr Co
Common........
Prior

preferred...

s

Nat

866.159
914.949

800,000
760.000

Second Nat Bank
Common

50

64.060

95

105

31

9.169.609

55

12,576,121

77

(100

100

135

400,000
200,000

170.000
180.000
.458.700

Jn & N Haven Tr Co

l

American Nat Bank.

145,894

5,670,725
3,206,322

28,000
40,904

1,047,000
1,980,300

Augustine—
50.000

Exchange Bk St Aug
St Augustine Nat Bk h

,

200,000

265,802

200,000

a

Tampa—
Broadway Nat Bank
Exchange Nat Bank

8,184,802

1.073.598

100

776.157

491,010
887,020

14.189.710
15.901,692

166,726

1,584,097

10(
10(

—

—

—mm

120

100,000

lantic Nat Bank— d

58,366

1,470.882

ion

200.000

233,907

7,346.970

100

National Banks
March 7

State

georgia

Institutions

March 7

Nomi nal.
Per share

14,282,449

100

Atlanta—
200.000

95

105

Oitia A So Nat Bank- r5.000.000

5.400.000

105,144
3,159,630
4,588,039

647.485
77,244.003
92.154,545

100

m'mm

too

14

15

10

25

27 X

Fulton Nat Bank-

495,713

300.000

Nat Bk of Commerce

Common

100

4,128,757

n

New London City

-

1,000.000 1

—

997.500

2.529.466

50

re

cent

Ga Sav Bk A Tr Co—

1,527,978
821,052

100

sa

les

Trust Co of Georgia- e2.000,000

270,000

550,000
200,000

Union Bk A Tr Co..

Trust Co.

394.893
155.886

2,964,055
1,828,485

:

a

*

25

19

100

110

120

651.887

1,099,191

100

11,841,824
5.545.012
9.673,886

c

140

155

140"

155"

100
100

120

737,553

600.000

11,397,989

100

230,655

5.048.718

25

20

32

32

250.000
264.000

Preferred..
Colonial Trust Co—

1.0UU.U0U

Waterbury Trust Co

300.000




i

100

300

100

65

.

2,834.715
192,444

7,915.331
3.307.378

22,145.615

100

635

Sale price,

of the Atlantic Group In Florida.
Affiliate of the First National Bank of Atlanta, Ga.

I

Member ot the Florida National Group.
Affiliated with the Barnett National Bank of Jacksonville, Fla.
March 7, 1938.

k New

'

stock.

i

Last sale,

n

March 31, 1938.
Combined statement.

r

75

•

June 30, 1937

0

s

April 30, 1938.

t

Trust funds.

x

Ex-dividend.

V

•

mmm

m

/ Dec. 31. 1937. ^

1

Waterbury Nat Bk—
Common........

mrnm

d Member

q
h

Waterbury—
Citls A Mfrs' Nat Bk

100

Includes preferred stock or debentures outstanding.

6 Retirement price.

1,386,869

3.261.698

t Branch of Savannah.
a

1,000.000
200.000
700.000

27.922.918 1100

1100
227,299
2,637,740

100

Norwich—
Thames Bk A Tr
Uncas-Merch Nat Bk

843,118

475.000

Preferred

o

91.260
201.928
49,252

347.952
300.000

Bank...

Fidelity TitleATr Co
Stamford Trust Co..

70
140
110
70

lUt

""

First Nat Bank

StamfordFirst-Stamford Nat'l
Bank A Trust Co

100

25

34,220

100,000
1,250.000

First National Bank- al.300.000
First Sav A Tr Co
500,000 f
West Palm Beach

100

100

'

American Sav Bank-

1100

New London—

W In thro p

459.453

20
100

Bk

.....

Preferred

National

8,365,106

L

60
81

2,923,498

521,751

r

Pensacola—

125

50
50

5,361,588

Palm Beach

First National Bank.

34
645

120"

45

100

92 -.000

Conv preferred..
New Haven Bk NBA
Trademen

100

5,164.660

200,000

0

Fla Bank A Trust Co.
W est Palm Beach At¬

New Haven—
Amer Bank A Tr Co

197,944
208,288

-

St. Petersburg—
Florida Nat Bank

Meriden—
Home National Bank

Preferred

St.

100 1/100
100
140

10.315.644

242.633

120.000 I
68 000

100,000

Common.-

Florida Bank

Clt A People's Nat Bk

25

1100
780.692

63"

60

First Nat Bank—

,

Stock all owned by Travelers Insurance Co.

660

103

BANKS

National Banks

GEORGIA

March 7

State Institutions

Par

Deposits

Bid

Ask

Nomi nat.
Per share

$

%

502,725
3,159,630
145,911

8,201,816
77,244,003
2,961,139

Columbus—
Oolumbus Bk 8c Tr__
First Nat Bk of Ool.
Fourth Nat Bank_„_

850.000
200.000
300,000

Borne Savings Bank.
Merch 8c Mech Bank

75,000
200.000

777.414
111,563
142,057
45,951
326,694

6,234,159
1,393,876
1,880,970
1,169.055
2,480.843

Citiz 8c So Nat Bank
Nat Exchange Bank

National Banks
March 7

March 7

750,000
r5.000.000
9
400,000

Augusta—
Georgia RR Bk & Tr

COMPANIES

TRUST

100

135

tio

14

145
15
90

100

State Institutions

ILLINOIS

Cross

Surplus &
Profits

Capital

AND

ElginElgin Nat'l Bank.

Par

Deposits

Bid

Ask

Nomi nal.
Per share.

$

$

72,895
714,561
140,600

1,416,180
7,939,521
1,635,000

776,855
951,367
1,423,839

10,497,446
23,019,425
14,173,943

122,084

2,392,120

85,203

1,247,805

^I6o

677,197

100

40

3,381,023 (100

35

50

loo

120"

130*

100

40

50

100

40

100.000

300,000
100,000

Union Nat'l Bank.

Gross

Surplus &
Profits

Capital

First Nat'l Bank..

March 7

100
100
100

Peoria—

_

100
N

o

re

cent

Cent Nat Bk & Tr Oo
Com Mer Nat Bk&Tr
First National Bank.

sa

100
100
105

les

Jefferson Tr &Sav Bk

100

Common

600.000

2,000,000
660.000

Citiz & So Nat Bank. r5.000.000
Oity Bank & Tr Co..
110,000
First Nat Bk&TrOo 9 500,000

3,159,630

77,244,003
1,328,000
6,300,603

82,800
210.254

14

tlO
100

,

100

Liberty Nat Bk & Tr
Savannah Bk 8c Tr..

i

Citizens Bk 8c Tr Oo
Common

500,000
665,000

161,426
260,712

200,000 [
138,000

Debentures

77,244,003
4,049,774
3,729,462

B'dway Bk of Quincy

1,450,834

94,031

10

o

les

15

*50"

50"

5

20,353

100,000

50

Quincy
200,000
197,000

Debentures
Mercantile Tr & 8 Bk

14

100

r

sa

Quincy—

10

Savannah—

3,159,630

90,000

1150,000

N

rec ent

15

111 State Bk of
Common

Oltlx 8c So Nat Bank. r5,ooo.ooo

I

200.000

....

Capital notes
South Side Tr& Sav B

Macon—

50
20
20

}/ 59,747
146,170
44,416
17,681
95,407

5,607,392
744,024
654,875
1,536,894

358,825
180,138
273,345

9,903,959
4,969,336
7,756,822

200,000 /
100.000
50.000

Peoples Bk of Quincy
S'thSideBk of Quincy
State St Bk & Tr Co.

297,000 /

100

100

Bockford—
Illinois Natl Bk & Tr
Oo

Swedish-Am Nat Bk_
Third Nat'l Bank...

200,000
250,000

i

500.000

150

100
40

SpringfieldNational Banks
March 7

First National Bank.

State Institutions

IDAHO

500.000

Common

Preferred

Nomi nal.

Boise City—

527,486

9,716,215

150,000
50,000
500,000 /

290,992

5,274,131

360,813

11,083,730

1C0

180

200

50

110

120

125*

lis"

Illinois Nat Bank-

March 7

Per

share.

Springfield MarineBk

f
I

50
100

Ida 1st NatBk ofBoise
Common

600,000 1
516,755
594,000
<1,138.000 rl,509,311
125.000
47.817

Preferred..
First Security Bank.

....

Boise Trust Oo

21,995,543

100

N

26,762,918
90,409

100
100

sa

0

re cent

les

National Banks

March 7

ILLINOIS

March 7

Nomi nal.
Per share.

160,000

Merchants Nat Bank
Old Second Nat Bank i

300.000
384,200

129,729
235,042
77,383

3,109.359

100
100
100

0

•t. Clair Nat Bank-

150,000

35,340
226,368
265,402
174,591

sa

200.000

100

4,253,591
2,299.883

100

100

<

Bank.

mm

—

-

13,551,022
1,214,815
1,377,684
1,101,000
881,036
11,649,722
1,641,863

329.030

12,621,895

1,500,000

147,000
100,000
500.000
199,500

les
National City B
North Side Bank

100
30
250
125

100

i

794,675
180,179
32,484
35,000
38,007
618,950
28,082

500,000
100,000
169,900

£

0

N

Lamasco

100,000
300.000

Nomi nat.
Per share

Evansville—
Citizens' Nat Bank..

re cent

Belleville—
Belleville Nat Bank.
Belleville Savs Bank.
First National Bank,

March 7

State Institutions

Aurora—
Aurora Nat Bank

State Institutions

INDIANA

March 7

National Banks

200

225

100

160

100

100
100

175
110
110

100

100

110

100

150
100

160

125

150

100

101

100

8,132.065

100

100

110

mmrnmm

500,000 \
500.000

Common.

260
150

.

Mutual

100
100

Chicago—
Bank..

200.000

Am Nat Bk & Tr Oo.

11,600.000

Aetna

State

Austln State Bank.

71,131
1,043,880

3,072,528
50,259,824
4,517,040
2,306,504
5,533,939
2,714.208 114,137,934

200,000
100,000
300,000

Fort Wayne-

100
100

"165- 175""

40

20

100

80

10

13

30
90
10

100

125

50,000,000 122190642 998,262,638 1331!
25,000.000
\33i,
Cont Nat Bk & T Co
1,500,000 } 443,667
1,334,030 100
Oosmopollt'n Nat Bk 1
250,000
46,284
2,272,208 100

56

Lincoln Nat Bk 8c

130

.

Beverly State Sav Bk
Central Nat Bank..

City Nat Bk 8c Tr Oo

110,716
71,204
144,887

4.000.00U

.

a

57,?
33',

Kaspar Am State Bk

250,000

69,728

2,583,770
2,460,378

/ 20
1 30

-

100
100

275,000 I 368,410
325,000
300,000
353,008
1,000,000 1,448,468

.

Live Stock Nat Bank
Madison-Crawford
Natl Bank
Main State Bank

118,042
162,187

Merchandised at' 1 Bk

500,000

Merchants Nat Bk..

200,000
200,000
400,000
1
200,000
300,000
1
500,000
500,000
200.000
1
200,000
500,000
2,000,000
i
750.000
200,000
700,000

766,472
149,387
91,599
67,847
123,586
215,572
244,651
450,000
176,305
44,700

_

.

Milwaukee A v N't Bk
Mutual Nat Bk of Oh
Nat'l Builders Bank.

Nat'l Boulevard Bk^
National Security Bk
North Shore Nat Bk.

Oak Park Tr&Sav Bk
Personal Ln 8c Sav Bk
Pioneer Tr 8c Sav Bk
Sears-Com State Bk.

Security Bk of Ohic.
Bkala Nat'l Bank...
South Ea3t Nat Bank

•

s

State Bk of Clearing.
Terminal Nat Bank.
Univ St Bk of Chic.. t

Upper Ave Nat'l Bk.
Uptown State Bank.
West 31st State Bk..

Western Stbte Bank.

Amalg Tr 6c Sav Bk.
Banco di Napoli Tr.
Chic City Bk&Tr..
Drovers Tr 8c Sav Bk
East Side Tr&Sav Bk
Harris Tr & Sav Bk.
Lake Shore Tr 8c S Bk

Lakeview Tr & S Bk.
Mercantile Tr 8c Sav.

Northern Trust Co.

Pullman Tr & Sav Bk




11,269,750
23,415,531

1,088,583

20

11,695,873

20

170
120

100
100
10

30

.

_

i

40
•

1 1 ,

.

«

.

Madison Ave St Bk

(10

14

18

10
100

190

205

.

.

20

58

751,461
20,707

12,192,883
2,084,117

100

75

100

100

140

100

75

150
85

100

167

500.000
275.000

175

1,000,000 11,043,140
825,000
107,311
100.000
1,921,976
4,000.000 6,300,516 108.223.263
i
200,000
1.334,870
189,164
841,828
50,000
17,320
i
9,233
468,197
65.000
1.250.000 2,201,041 28,333,542
< 300.000
35,957
2,167,383
549,083
500.000
3,158,175
< 284.500
3.827,832
158,794
.

62

100

<
i

100
125

.

10

100

15

13^

10

100
100

alO

300
128

340

232

250

140

"loo
100
100
100
100

'"49"
100

Fletcher Trust Co-

200,000 >
200,000

Metrop State Bank.
Mid-City Nat Bank

12,418.219

cent

les

American 4NatJBank

150
167
180
125

.

Common........
Preferred

re
sa

Indianapolis—

32

28
140
163

40
100

Lawndale Nat Bank

Liberty Nat'l Bank

0

20
20

Gary—
.

100,000 16 64,806
2,686.705
Preferred
100,000
Drexei State Bank.. 1
447,500
138,077
6,813,294
Drovers Nat Bank..
1.000,000
941,880 21,964,352
First National Bank 30.000.000 34,349,234
857,693,232
First Nat Englewood
200,000
762,812
5,688,552
Halsted Exch Nat Bk
200,000
198,636
5,321,597
Hamilton State Bk..
200,000
44,672
2,010,415
I-O National Bank.. 1
200,000
68,402

20

200,000 \
1,489
50,000
300.000
1,096,485

a

District Nat BankCommon

14,606,004

I

Common.

......

Preferred

17,940,471

418,141

N

400.000 I
420,000

.

Cont 111 N B & Tr Oo
Common

546,434

1,200.000

r

Ft Wayne Nat Bank

200.000

200.000
120,000
200,000
299,500
300,000
300.000

305,158
1,541,158
1,029,565
223,700
221,629
59,336
154,846
34,810
327,387
300,067
239.298
178,160
24,787

3,868,252
6,055,699
17,607,118
5,108,606
3,241,219
10,213,304
4,722,260
9,174,624
5,454,800
14,636,428
7,299,280
3,643,000
8,129,021
6,607,527
16,818,042
8,297,859
31,849
2,868,037
6,547,080
2,493,570
5,987,806
5,836,835
6,356,910
7,477,772
675,985
3,047,239
7,663,660
5,617,522
22,039,367
10,903,978

100,000
200.000
157,152
4
400,000
327,028
300,000
126,402
800.000
1,015.349
i
550,000
436,890
200.000
65.012
985,575
6,000,000 10524,905 204.610.890
i 794,000
244,494 10,389,152
500.000
1,266,260 26,409.159
600,000
460.191 16,048,009
3.000.000 9,753.495 312.231.891
300.000 g 340,029
8,479,300

100
100

Indiana Trust Co...

.

mmm

.

95"" 105

20

25

30

100
50

120

100

175

130
50
185

40

100

.

M

M

1.000.000
< 399,200
1,000.000

1,240,262
205,817
2.322,867

15,535,007
3,631,744
20,166,050

250.000
250,000
799,000
250.000
900.000

143,110

2,468,076

152,891
254,070
202,368
16,709

1.509.854
10,137,279
4,347,359
2,806,542

(100
100

£

<
<

)

i

.

M

73""

138

100

100

65

100

320

192"
75
350

10
100
100
100
100

25

26

31

N

Terre Haute—

180

mrnmmmm

mummtm

152

172"

78

130
170

100
100
100

142

South Bend—

lity Nat Bank...
Jitlxens Tr 8c Sav
£
First Bank & Tr Oo.

mm — m

15

50
100

}/ 950,394

35.418,978

90

80

100

1,500,000
865,000

.

m

124'

100

immmm

mrnmmmm

Common
Preferred
Terre
Haute

mmmmm

20

20
60

23
70

180

250,000
250.000

....

F
Nat Bank—

134

100
100

o

re

| 887,377

les

5,159,887 (100

J 113,251

500,000
320.000

cePt

sa

(loo

b

Common.....
Preferred

16,683,870

20

10

190

100

rnmmmtmmm

mrnmmmm

mmrnmm

mmmmmm

mrnmmmm

mmmmm

100

m

100
100

100
50

100

*

Sale price.

t Branch of Savannah.
mm mmmmm

""85""
140

90
150

"165 "275"" 285""
50
100
100

48

55

210

100

500

220
125
515

100

160

175

115

a

Preferred stock retirement price.

b Dec. 31, 1937.
c

June 30,1937,

d New stock.

We Affiliate of the~Flrst]National Bank of Atlanta, Ga.
/ March .7, 1938.
g
n

r
s

7i"■

March 31, 1938.

i Common

and preferred stock or capital debentures outstanding,
/'"f---v'••
•" Hv V;'
"v

Reserves.

-

Combined statement.
Charter granted the Skala

•;

„

National Bank of Chicago, Chicago, III.,
conversion of the Skala State Bank.

representing a
V Ex-stock dividend.

AND

BAMS

June, 1938]
National Banks

National Banks

March 7

March 7

Ask

Bid

Par

Deposits

State Institutions

LOUISIANA
Surplus &
Profits

Cross

Surplus &
Profits

Capital

103

COMPANIES

State Institutions

IOWA

March 7

TRUST

Capital

Dec. 31

Gross
Par

Deposits

Nomi nal.

Burlington—

75,000
200,000

Nat Bk of Burlington
Cedar

Per

$

Farmer* ft Merch 8 B

2,106,831
2,882,816

51.774

41,926

share.

200,000

Merchants Nat Bank

People's Say Bank..

500,000
250,000

United State Bank..

50,000

126,595
26,978

28,782,969
4,159,323
962,452

150.000

115,631

2,409,099

100

3,940,515

100

Council Bluffs—
City National Bank.
Oeun Bluff* Say Bk.
First National Bank.

87,140
1,522,850

186,477

150.000

63,000 1
37,000
100.000

Common....
Preferred
State Sayings Bank

2,676,344

N

o

re

100

sa

les

88,754

600.000

1,042,183

400,000
600,000
150,000

26,662,564

J 614,089

share.

10,761,108

10

14

15

300,000
260,000

383,464

8,950,600

100

105

110

90

100

80

New Orleans—
Amer Bk & Trust Co

Common
Preferred
Hlbernia Natl
Common
Preferred

clOO

1,000,000
1.150,000
Bk

Common

100

Des Moines—
Banker* Tr. Co—

Jl,188.890'

1.500,000 I
1,200,000

.....

648,086

100

32,445.235

100
20

19

19 H

20
20

19

20

20

25

28

25

65

69M

100

45.680,021

120
120
98

20

Nat Bk of Commerce

915,359 52,687,200
1,500,000 1
1.200,000
128,696
208,000
2,336,87$
2.800.000
6,474,400 116,213,331

...

Preferred..
Louisiana SB & T Co
Whitney Nat Bank..

Davenport—
Davenport Bk ft Tr

Per

330,974

cent

1,440,263 /100
uoo
1,653,094 100

63,199

I

Preferred

100
20

Ask

300,000
250,000

...

Rapids—

Guar Bk & Tr Co

Baton Rouge—
City National Bank
Common
Preferred
Louisiana Nat Bank
Common.....

100
100

Bid

Nomi nal.

Shreveport—

Common

Preferred

Cap City State Bank

2,989,570

110,143

32
c25

First National Bank.
Commercial Nat Bk.

105"

120

Oont'l-Am B ft Tr Co

115

128

26

19,770,154 (25
\25
100

896,831
1745,067

1,000,000
1,000,000
700,000

247,201

29,093,659
19,703,050
9,617,579

100

100

125
125

102

Cent Nat Bk & Tr Co
Common.....

Common..
Preferred

h

31,361

'*55"

clOO
65

150

130

100

282,708
4,375,609

16,030
241,604

50.000

Valley Sav Bank

36.348,362 1100

599,149

1,550,000
1,450,000

University State Bk.

20,702,886 /100
1100
1,529,257

850,828

550,000 I
450,000
150,000

...

Preferred....
Des MoinesBk&TrOo d
Iewa-Dea Moines Nat
Bank ft Trust Co:

150,000

100

"95"

100

118

First National Bank.

lit

Live Stock Nat Bank

9,010,140
4,212.002

400,000
I

387,889
107,499
237,696
213,104
348.774
215,873
62,957

10
5,962,129
4,586,830 MOO
100
6,522,274
5,853,335 100
2,136,865 100

300.000
300,000
250.000

Toy Nat Bank
Security Nat Bank..
Woodbury Co Sav Bk

100.000

March 7

Nomi nal.
Per

900,000 6
611,425 0

Merchants' Nat Bk.

1,000,000
200,000

Eastern Tr ft Bkg Co
Merrill Trust Co-

N

o

re

cent

sa

les

Common..
Preferred

600,000
750.000

...

shar*

100

438,034

8,248,983
8,539,902

308,535
935,533

9,803,657
7,546,859

100

N

0

cent

12,394,964

20

sa

les

32

25

35

0

J 477,681

100

100

Portland—
Canal National Bank

.465,837
184,225
251,841
328,168

8,297,890
3,817,418
4,985,289
6,359,205

100

400,000

400,000

420,084

11,710,765

105

40

20

100
20
33
34

60

600,000
200.000

59

25
40

23

36

37

Portland Nat Bank—

State Institutions

KANSAS

343.869

re

Depositors' Trust Co

Nat Bk of Commerce

March 7

Institutions
'Dec. 31
.

Augusta-

Casco Bk ft Tr Co...
First National Bank.

National Banks

State

MAINE

Bangor—

100
100

300.000
250.000

..

First Nat Granite Bk d

Dubuque—
Amer Tr & Say Bank
Bloux City—
First National Bank

National Banks

Common

Dec. 31

482,450

...

495,000
92,550

Preferred A
Preferred B

■

64
C40

50

.....

Nomi nal.
Per

Hutohinson—
American Nat Bank.

150,000
150,000
250,000 b

300,000 \

Exchange Nat Bank.
First National Bank.

189,473

share.

100

National Banks

100

1,531,825
2,331,615
4,948,425

64,955
135,726
246,815

March 7

Dec. 31

Nomi nal

Kansas City—

Baltimore—

Oemm'l N Bk of K O
Common
Preferred
........

200.000

149,015

n

106,000 16 203.957
94,000
100,000 n 343,537

Common
Preferred

River view State Bk.

Common
Preferred

Calvert Bank.......
Canton Nat Bank...

uoo
100

Carrollton Bk of Bait
Commonw'lth Bank.

100

Nat Cent Bk of Bait.

100
100

4,234.834

Nat Marine Bank

First National Bank.

Leavenworth—
First National Bank.
Leavenworth Nat Bk

150.000 6

Manufac'rs State Bk

2,158,084
2.384,740
859,896

158.916
250,137
24,773

150,00C
50,000

Western Nat Bank..

Colonial Trust Co

N

o

re

cent

sa

les

Topeka—
Central Nat Bank...

413,530
285,339
6,710
75,781

500,000
400,000 i
77,500
200,000

Central Trust Co
Citizens State Bank. d

Fidelity Say State Bk
Guaranty State Bank

70,000 In
130,000

....

Preferred
Kaw Valley State Bk
Merchants' Nat Bk.

60,000
200,000
500,000
100,000
100,000

Nat Bank of Topeka
State Savings Bank.

Topeka State Bank.. d

12,077,155 UOO
937,239 I
572,328 100
2,189,284 100

1,104,908

45,554

59,440

634,198

Safe

n

37,064

Dep ft Trust Co

Union

100

n

Trust Co

100

100

1,000,000
1.000.000

1,300,295
850,877

100,000
200,000

21,620
198,801

107,000 1

126,595

Southwest Nat Bank

Preferred
Union Stock Yds Nat d

93.000
100.000

16
66

11

124$

144$

a

155,600

5,585,658

100

......

50

"30""

63

"217""
63
495

64$

515""

398,000

74$
1115

61,045

1,466,227 f 25
50

5,983.934

500,000

216,955

150,000
298,500

J 155,060

100,000
200,000
125.000

978,408
214,007
494,002

5,035,111
1,561,129
4,768,238

75,000 1
54,000
150,000
100,000

103,948

4,101,029
673,088

79.984
201,611

1,504,381
5,995,887
4,090.062
1,773.459

155

17

1,655,770

370,553
35,534

135
130

Common

Capital notes

3,356,808

18

100

Frederick:—
Citizens' Nat Bank..

3,531,347 /
1821,
50
960,308

29,728

20

Liberty Trust Co—

100

Union National Bank
Common

30

100
100
10

u°

51
150

43

24,608,837
1,499,188
20,162,356
35,449,394

100,000 1
99,500

Common

100
100

24,292,865
21,598,498
1.081,577
2,246,104

4~~ "If""
50
120

Peoples Bank-

100

Capital notes

Kansas State Bank..

40

34,476,032

d

First Nat Bank

Second Nat Bank

Fourth Nat Bank

""75""

Cumberland—

Wichita—
First National Bank.

6

22

1,000,000 11,170,000
1,650,000
3,879,623
1,500,000
258,839
600,000
2,000.000 4,203,352
3,000,000 01,536,867

...

Capital notes

100

6,586,849
8,919,798
1,428.878
1,642,304

share

44$
194$

.

.

Equitable Trust Co.
Fidelity Trust Co...
Maryland Trust Co
Common

\ 150
169.198
531,321
27.880

10

5,544,646

600,000 11,057,611 30,249,417 f 10
1 20
900,000
50
d
9,536,700
378,400
375,000
100
d
3,630,839
300,000
128,612
10
1,598,463
246,404
80,000
10
1,277,747
185,500
300,000
10
6,615,418 155,084,805
4,000,000
100
5,955,851
503,437
400.000
30
4,918,963
550,000
600,000 6
20
548,373
12,207,837
750,000
25
2,073,009
132,300
400,000
100
1,291,573 33,960,917
2,000,000
25
18.891,553
880,260
1.000.000

Mercantile Tr Co
Real Estate Tr Co..

J100

n

381.215

500,000

Baltimore Nat Bank

5,170.999 flOO
•

Per

Bait Oomm'l Bank..

11,563,040 f 10
I 10
2,568,927 100

442,000

Exchange State Bank
Security Nat Bank-.

Common

Institutions

State

MARYLAND

100

c62H

Oomm'l Bank of Md
Farm & Mech N Bk.

100

,

20
25

""65"" "75"

Frederick Co Nat Bk
Common

National Banks
March 7

KENTUCKY

Preferred

State Institutions

Fr'k Town Sav Inst.

Dec. 31

West Maryland Tr..

Nomi nal.
Per

Covington—
Citizens'Nat Bank..
First Nat Bk ft Tr Co
Common.

200.000 I
50,000
550,000
150,000

319.891

4.933.450 f

297,799
75,457

6J70.237
1,588,545

50

d

30
6

232,938

3,218,579

100

95

1

c25~"

15
100
10

Hagerstown—
Farmers ft Merc Bks
NIcodemus NatjBk.. d
Second Nat Bank—

90,000
407,000
200,000
150,000

10

100

"40""

10

340,000

Preferred

CovlngtonTr&BkgCQ d
v

share.

100

4,694,005

100

200,000

_

Peep-Lib Bk ft Tr Co

100

430,393

{ 15

1

10

16

18

Hagerstown Trust Co

1

206,390
70,063

:::::

10

10

e9JD5l

10
National Banks
March 7

8

MASSACHUSETTS

March 7

Lexington-

Bank of Commerce.

d

Citizens Bk ft Tr Co.
Common.

Preferred—
First Nat Bk ft Tr Co

Second Nat Bank
Union Bank ft Tr Co

Security Trust Co...

200,000 1
81,420
350,000
1.000,000 1,121,056
150.000
306,000
150,000
205,355
500.000
472,769

1.382,439 [ 25 4'-:. 4
1 10
50
90
12,687,607

44$

mmmmmrn

3,280,000
2,612,965
3,620.237

100

"95"

300

100

160

100

320

180
340

BostonFirst National Bank. 27,812,500 51,697,406

Nomi nal.
Per sharet

613,871,278 124$

35

Merchants' Nat Bk.

100

340

Nat Rock Bk of Bos

20

52

12H

125

60

32

3,000,000 05,643,607
85,746,373
1,500,000
2,863,565 29,145,844
Nat Shawmut Bank- 10,000,000 20,809,802 177,955,394
2,000,000
4,771,494 80,344,634
Second Nat Bank—
1.000.000
453,128 11,894.377
Web ft Atlas N Bk..

194$

35 %
345
57
20

130
36

Louisville—
Citizens' Umon N B.

1.000,000
2,000,000
Fidelity ft Oolum Tr.
First National Bank.
1,000,000
Liberty Natl Bk ft Tr dl ,827,000
100,000
People's Bank
300.000
Security Bank
KentuckyTitle Tr Co al. 000,000
Lincoln Bank ft Tr..
750,000
100.000
Steck Yards Bank
Louisville Trust Co. dl.990.000
525.000
United States Tr Co.

3,092,156
1,683,306
2,572,771
295,046
39,726
162,874
1,035.470
627,137
119,914
832,314
112,663

57,980,240 1001 /250
275
7,593,360 100/
90
35,501,586 100
100
2
24$
23,495,621
14$
10
10
1,396,693
100
135
2.749,551
3,928,995 100 (7101
12,489.308 100 m'mmmmem 145""
100 200
1,553,975
210
10
13,881,501
7
64$
1,313,946 100
68

.....

NewportAmerican Nat Bank.

Newport Nat Bank..
Central Sav Bank.. d




100.000
100.000
145.000

135,237
422,000
14.011

1,649,064
4,800,000
1,655,835

100
100
10

»

a

Sale price.

New stock.

b Dec. 31,
c

1937

......

...

1255"

'

and preferred stock or capital notes outstanding,
April 27, 1938, 50 shares of Hagerstown Trust Co. stock were
auction at $9.05 a share.

d Common
e

On

sold at public
/

Citizens'Union Fidelity unified certificates.

Affiliated with the Firat National Bank of Louisville.
Member of Northwest Bancorporation.
{ March 7, 1938.
k Units.
a

n

,

......

-V;
,

Retirement price.

I Last

Sale.

r

104

| **

BANKS

MASSACHUSETTS

March 7

Surplus &
Profits

Capital

Par

$
36,133.930
2,184.243
12,353,924
2,740.813
32,950.820

655.878

2,922,123
5.285,250

Bid

Ask

Nomi nal.
Per share.

100 r280
100
100

U 8 Trust Oo—
Common

165
255

260

12.466.857

I 10

10

12

11

14

I

2.502,280

10
100

175

1.500,000 11,660.000 C138737.568 J 20
3.650.000
20
3,000.000 3,627,005 111,708,676
50
100,000
55.529
144,138 100

38

41

Nat Bank of DetroitCommon

7.500.000

jll .931,074

500.000
935.000

Ju 768,000

19,175,308

United Savings Bank
Common

d

308.088
86,311

300,000
100.000

100

3,905.559
1,482,964

Preferred

145

Class "B"

127,860

Common

300.000 1
300.000
500.000

....

Preferred
Heme Nat Bank

....

Oambridge—
Cambridge Trust Co
County Bk & Tr Oo.

44

6,334.127
4,291.458

100
10

450
10

500
12

20

66

68

623,505

Highland Park Trust
Un Guardian Tr Oo.

820,399

600,000

35
m

m

23

! 10

26

1 io

j

403.261

Q

1,883,186

mmm

20

«•

mmm

—

20

mmmmrn

m

m

mm mm

«•

32

mmm

37

22

25

.....

Flint—
c

481.633

Everett—
Middlesex Oo Nat Bk

mmm

m mm m

1,423.260 11,888,478 (712,372,318 f 20
1.263.691
I 20
150,000
41,587 g
350,154 100
500.000 e
613,036 g 5,602.142 100

Preferred

7.486.955 J 20
I 25
50
6,731,481

1,236,708 cl9.655.174

150.000
300.000
1.000.000

Harvard Trust Oo

593,327
408,239

m.

34

20

101.260

pref
pref—

Detroit Trust Co-

Brockton Nat Bank

mm m

10

1 25

500,000

Class "A"

75

"65"" "75""

n

Common

140
70

100

Brookton—
Common

10.000,000

I

391,151,168

Equitable Trust Co-

BeverlyBeverly Nat Bank..
Beverly Trust Co..

share

160

Preferred

136,254

Per

50

Michigan Ind Bank

<10

100.000

Ask

r

.

Mfre National Bank.

100
100

pref..

Bid

Par

Detroit—
$
$
$
Commonwealth Bank fc3,950,000 d,127,596 c57.007,202

Preferred

r400.

6,468,336
81.151.859

Wlnthrop Trust Oo__

Cross

Deposits

Nom inal.

Common

None

450,000

Surplus &
Profits

Capital

100
5

State Institutions
Dec. 31

MICHIGAN

Detroit Bank

700.000 11,409,976

State Street Tr Co..

Convertible

National Banks
March 7

408.904
400,000
3.890.000 fc6,313,963

Pilgrim Trust Co—

COMPANIES

Cross

.

2.000.000
100.000
1.250 000
Day Trust Oo
Fiduciary TrustOo.. * 500.000
New Eng Trust Co..
1.000.000
Old Colony Trust Oo 45.000.000

TRUST

March 7

Deposits

S
3,943,809
242,993
1,880,245

Boston—
Boston 8 Dep & Tr_.
Oolumbia Trust Co..

AND

Olt Com & Savs Bk. fcl

.000.000

729.633

Genessee Co Savs Bk

700.000

Merch & Mech Bank
Nat Bank of Flint

192,000

244.826
44,936

400,000

20

23

20

20

30
18

398,810

22.580,512
9.537,293
3.173,729
5,356,197

20

18

21

96,695

cl ,277,608

12

25

"21""

10

9,426,619

Grand Rapids—

Fall River—
Fall River Nat Bank
Durfee Trust Co

227,577
524,686
112,250

400.000

427,500
300.000

Fall River Trust

Central Bank
c
c

250,000

Nat Bk of Grand Rap
Common

91
205

100
150
100

5.584.386
6.891,524
3,154.977

500,000

80

Preferred

220,000

...

Peoples Nat Bank—

FItohburg—
Safety Fund Nat Bk.
Gloucester—
Cape Ann Nat Bank.

Common

886,977

500.000

7.019.965

263.822
163,695
184,512

2.878.280
1.998,669
3,632,679

100

rec

10

sa

225.000

Old Kent Bank-

No

150.000
120.00'
300,00(

400,000

Preferred

100

Common

ent

e

20

9

J 418,146

8,650.477 1 20
1 20

9

J 405,649

7.409,981

1

10

13

1

10

les

20

1,000.000 11,586,090 c42.341.451

Haverhill—
Haverhill Nat Bank.
Merrimack Nat Bank

200,00*
300.001

999.205
154,211

6.116.521
2,391.890

275,00C
380.000

Preferred.,
Park National Bank
Common

100.001
Preferred
150,000
Hadley Falls Tr Co.. fcl.400.00t
...

Lawrence—
Bay StateMer Nat Bk

60

7,653,790 / 50

1

2,627.053 1100
1100
20
9,432,416

600,000

1.200,000

e

Saginaw State Bank- fc 377,000
Second Nat Bank &
Tr Oo
1.250.000

e

10

10

j 144,729

e

/ 1°

22

20

100
8

50

17

20

20

12

15

135,107 g
866,490
353.875
c2,500,616
656,977 g 1,938,233

25
150
•

12

Saginaw—
142,313

c6,084,244

20

21

23

1,971,431 c27.560.006

100

185

200

1 50

149,926

339,088

e

100

Holyoke—
Holyoke Nat Bank—
Common

15

/10

I 10

Preferred
1,750,000
Grand Rapids Tr Co. fc
400.000
Union Bank of Mich.
250.000

Michigan Trust Co..

Glouc Nat Bk of Glou
Glouces S D & Tr Oo k

12

f20

c

319,014

60

""2

5

National Banks

25

25

6,172,392

State

MINNESOTA

March 7

Institutions
Dec. 31

Lowell—

Appleton Nat. Bank-

300.000

413.169

3.847.844

Union Old Lowell
National Bank....

1.000.000

556.682

10.698.427

112

101

23

200.000 1
190.000
200.000

.....

Preferred
Manufac'rs Nat Bk.
National City Bank
Common
Preferred
Essex Trust Co.....
Lynn 8 Dep 4c Tr Oo

200.000
250.000
250.000 fc
100.000
400.000

J

_

Security Trust CoNew BedfordFirst National Bank- fc
Merchants Nat Bk_.
Safe Deposit Nat Bk *

721.500

129,478

3.365.652

\ 50
257,095

3.159,722

68,953
471,239
609.437
795,151

425.000

200,000

100

c
c

81,647

157
385

mmm»

mm

—

48

46*

50

16

20

20
8,940.600
5,612,898 12*

33
9

34

100

30

7,107.067

10

..

1.829.074

Merchants Nat Bank fc

547.000

Naumkeag Tr Co—
Common........

250.000

91,636

3,343,063

200,000

Common
Third Nat B&T Co..

413.832

14,221,584
27.819,986

100
25

1.000.000

Union Trust Co
West Springfield Tr.

12.475,022
12,972.736
1,975,807

10

200.000
300.000

65

25

61

25

278,223
316,211

100

2.052,966
4.076.381

25

25

100

50

464,291
44.011

28,224

100

N

o

cent

100

sa

les

100

100

66»i

100.000
138.000

123.051
2,127,083 tlOO
27,635
1.737,893 <
26.307
1,696,252 <100
7,540.165 129,671.632 b 20
e
30.928
868.3371 100
143.584
5,471,981
I oo
990,000
517.648
14.782.876'<100
100.000
39,685
1,875,918.5100
..

100.000
,000.000
100.000
380.000

Hennepin State Bank
Marquette Nat Bank
Midland NatBk & Tr
Minnehaha Nat Bk.
N'western Nat B&T

.000.000 13,325,605 111,192,282
,000.000
100.000 5
37,879
1.308.576 b

f 100

Preferred
Produce 8 ate Bank.
2d N'west'n State.
Third N'west'n N Bk

50.000

<

5*

??

91.400

13,928
128,269
125,473
37,028

1.020.161 <-1.624,408 <100
2,764.754 <100
1,182.059

200.000
125.000

172,281
61,625

4.845.178 plOO
100
1.713,819

American Nat Bank. fcl,694.000
Commercial State Bk fc
150.000
Drov KxchState Bank ok 200.000

244.354
242.931
45.649

First National Bank.
p6.000.000
First 8tate Bank
p
100.000

7,685.966

300.000

113.328
218,281
167,041

100
26.053.508
100
4,758.181
100
1,879,149
118.700.244 plOO
2.202.255
100
100
8.317,371
4.473,117 <100

100.000
175.000

J 153.347

5,027,592 J100
1100

pi.000,000

207.706

PlOO

4tb Northwest Nat'l.

100.000
125.000

Rochester—
First National Bank.
Nat

Bank

i

No re cent
sa les

St. Paul—

EmpireNatBk&TrCo i* 470.000
Stock Yards Nat Bk. *

Worcester—

*

9X

9*

Midway Nat Bank—

Mechanics Nat Bank
Common
Preferred

500.000

Guaranty Bk & T Oo

300.000

Common
Class A..

Blooming'n-Lake NB
Central Nat Bank
Fifth No'west'n N B.
First NatBk&Tr Co

310
60

—

Machinists' Nat Bk.
Bristol County Tr—

5,912.990
10.685.165
1,052.716
881,287

100

Minneapolis—

Union

1.500.000

Springfield 8 1> & Tr.

215.259

University State Bk.

17

15

10

2.623.275
1,344.727
1.000,00'
1.784,048
194,250 a 101.563

Springfield—
Springfield Nat Bank

J 555,920

2.000.000

Preferred

15

io
10

Pioneer Nat Bank
Western Nat Bank..

Common

50

6,216.683 I
I

835,373
7,010.853
2,079.817
29,237.852

re

Northern Nat Bank_

/SO

32,576
334.702
43.527
997,736

400,000
,000.000
100,000
100,000

of Duluth

101

2,758.206 1 50
I 50
3,112.425 100
3.495.817 10(
20
9,156,686

224.449
516,039
440.869

600.000

/ 50

Salem—

Worcester Co

100.000
600.000
200.000
,000,000

First & Amer Nat Bk
Minnesota Nat Bank

Pe&body—

Taunton

Bank of Comra & Sav

City National Bank.
Duiuch Nat'l Bk_.

Lynn—
Central Nat Bank—
Common

Warren Nat Bank

Nomi nal
Per share.

Duluth—

18

25

600,000 Ifc 874,519

Common

110

14,514,901 1100

Preferred....

100

274,668

First Trust Oo

"16"

4,525,841

10

c35.339.593 /

10

14

10

9

Tr Oo

1.000.000
2.000.000

......

.....

J2,148.888

t

17
10

*

Sale price,

f No

par.

a

Dec. 31, 1937.

6 First National Group.

c

Includes savings deposits.

d

Convertible preferred stock entitled in liquidation to $20
March 7, 1938.

e

a

share.

J'

J Retirement price.
0 Trust balances,
fc March 31. 1938.

< Member o«" Northwest
Bancorporation.
fc Common and preferred or capital debentures
1

Last sale.

1
outstanding.
>/

State Banking Commissioner of Michigan has granted tne
Equitable Trust
Co. of Detroit, Mich.,
permission to release a 20% final principal dividend
to holders of ctfs. of beneficial interest issued
by Liquidating Trust No. 1.
o American National Hank of St
Pau' affiliate.
n

National Banks
March 7

MICHIGAN

State

Institutions

V

March 7

r

s

Nomi nal.

Bay CityBay City Bank
Natl bK of Bay City.

Per
v

300 000
400.000

25.456
222,525




100

535.634

9.963.514

100

20

t
u
®

N

o

re

People's Commercial
& Savings Bank— fcl .000.000

2.556.943
6.648.050

share.

cent

sa

les

Member of the First Bank Stock Corp.
Stock has to be offered to board of directors.
New stock.
Affiliate of First National Bank of Boston,
Mine 30
1937.
The Bay City Bank, Bay City, Mich., will,

i

beginning June 1, 1938,

make payments totaling $200,000 to holders of certificates of
participation
in trust created when institution was
reorganized,
x
z

Ex-dividend.
First Bank Stock Corp.

September, 1932.

National Banks

MISSISSIPPI

March 7

4

AND

BANKS

June, 1938]

Capital

'

Surplus &
Profits

Cross

Ask

Bid

Par

Nomi nal
Per share.

$

Jackson
Common

300.000
100,000
50.000
787.500

Preferred

Oommerc'l BkATrCo
Depos Gu Bk A TrCo Jfc
Jackson-State N Bk.

| 446,294
13,618
215,626
339,920

300.000

13,381,920 f

30

1 40
545,357
10,582,920
12,990,801

"loo
100

N

Meridian—

cent

sa les

100

2,988,066
2,937,195
3,606,514

101,754
203,417
75,146

270,000
350 OOO
241,000

100

179,487

645,000
300.000

Merch NatBkATr Oo

National Banks

271,465

MISSOURI

March 7

2.522,445

100

2,669,244

100

724,538
23,320

100,000

4,066.773 0100

137,953
159,970

150.000

12,438,112
1.151,996
12,981,373

100

re

cent'

100

sa

les

N

300,000
100,000
600,000

565,771

600,000

262,513

100,000
365,000

j 119,501

Preferred

National Banks

P—

8,806,669 (7100

6,111,724 '100

1100

State Institutions
March 7

NEBRASKA

March 7

April 23
Nominal
Per

Olty Nat Bk A Tr Oo
Columbia Nat Bank.
Commerce Trust Co

6.000.000
100,000
2.000,000
600.000
100.000
200.000

Community State Bk
First National Bank.
Inter-State Nat Bank
Linwood State Bank.

Merchants Bank
Merc Home Bk A Tr

100

First National Bank.

Nat Bk of Commerce

100

70
425

Common

250.000 1

e

200,000 1

Capital notes

100

290

310

100

100

135

100

200

225

170

198.000

310.634

100

7,460,652

Missouri Bk A Tr Oo
Preferred

Park National Bank.
Plaza Bank of Oomm
Produce Exch Bank.
Traders'
Gate
City
*
Nat'l Bank
Southeast State Bk__

100

120

100

120

650.000

100.000

3.015.174
2.435.486

136,894
61.124

I

120

100

21,115
62,402
126,265

60.000

200.000
100.000

1,335,942 flOO
1100
1,538,865 100

7,966,808 62 H
100
1,163,529

100

125

150

100

200

250

'1

824,393

24,760,848

{ 20

379,992

12.597,684

alOO

■'

Omaha—

1,500,000 1
250,000
450,000

Common

Live Stock Nat Bank
Omaha Nat Bank—

1.500.000
750.000

Preferred

20

1

J 1,242,511

Common

130

106.000 15

67,726

Preferred

94.000 J
50,000

52,550

e 250.000
1
450.000
el,100,000

807,877

South Omaha Sav Bk

SI* n»
50

27,385

788,584

400.000

265,899

6,538,045

100

1,000,000 t
1.158.000

628,552

24,517,487

I 10

100

43,943,972 {100
1100

28

30
a20

'150""
160

150

Stock Yards Nat Bk
Common
Preferred

183,342
118,793
17,816

1,833,304
1,475,080
697,942

100

195

100

6,351,404 {100
1100
100

22,875,836

140

100

83,701

2,309,435 /100
1100
25
907,246

65

8

100,000
100,000
100.000 i

75

50.000
50.000

...

Preferred

Stock Yards Nat Bk.
Union Nat Bank—
Preferred
West port Ave Bank.
Union Ay Bk of Com

19,975,375
11.263,370

First Nat Bank-

U S Nat Bank

Common

{100
\100

Packers' Nat Bank:

South Side Bank—

i

9,628,982

564,171
710,433

850,000
300,000

Common

51,338

86,000
114,000

Common

shars.

183,889

290 000

Preferred

475

100

Preferred A

Common

Common

Per

Con tinenta 1N atBk—

116

240
58
111

100

Nomi nal.

Lincoln-

115
290
68

105

100

1,790,987
20,193,720
6.037,957
i4.373,433 154,183,458
i
46,744
1,263,514
4,496,292 113,060,877
1,170,256 21,831,120
i
1.522,751
66,911
i
172,855
3,205,065

shars.

90

100

100.000 i
61.877
600,000
1,638,264
600.000
135,103

0

•

e

100

Kansas City—
Baltimore Bank

shars

Per

199.522

200,000

First National Bank.
Miners Nat Bk
Metals Bk A Tr Oo. 0

rnstitvti( ns

State

Ask

Bid

Nomi nal.

Billings—

First Nat BkATr Co Jfc
Union Bk A Tr Co—

8

5,380,937
5,363,531

Par

$

$

$v

Common
Jfc

Cross

Deposits

Helena—

50

Vickaburg—
First Nat A Tr Co

March 7

Butte—

re

Citizens Nat Bank.. Jfc
First National Bank. Jfc
Mer A Farmers Bank Jfc

Surplus cfe
Profits

Capital

Midland Nat Bank.. 0
Montana Nat Bank.
Sec Tr A Savs Bank.

Capital National Bk-

vState Institutions

MONTANA

March 7

Dec. 31

Deposits

$

$

National Banks

Institutions

State

105

TEUST COMPANIES

i

UOO

!

University Bank

/100

t

200" 225"
10

National

15

Banks

NEVADA

March 7

Nomx nal.

95

Per

Reno—
First Nat Bk of Nev. d

600.000

889,472

26,972,764

shars

100

Bt. Joseph200.000

American Nat Bank.
Burnes Nat Bank...
First National Bank.
First Trust Oo
First StJosStV YdsBk Jfc

Tootle-Lacy Nat Bk.
Bmpire Trust Oo

Jfc

Missouri Vail Tr Co. k

200,000
500,000
100.00C
250.000
200.000
200.000
136.000

226,573
270.565
420,115

132,167
79,311
263,843
108,597
92,055

7,169,515
3,835,619
6,178.726
2,933.074
3,301,562
7,262,234

2,278,974
1,068,756

100

100
N

100
100

NEW HAMPSHIRE State institutions

o

re

March

cent

sa

les

*160

Nomi.nal

100

Per

Manchester—

100

200,000
150,000
200,000

885,922
522,352
252,192

Indian Head Nat Bk

200.000

Nashua Trust Oo—

400.000

SecondNat of Nashua

St. Louis—

600,000

397,952
524,212
504,229

\shars.

100

re

cent

100

5,900,671
5.767,430
6,245,689

No

100

5,153,474
3,278,362
2,293,347

Amoskeag Nat Bank
Manchester Nat Bk.
Merchants Nat Bank

sa

les

Nashua—

Amer Exch Nat Bank

64,439
107,500 1
2,049,158
92.500
23.075
330.000
2,495.935
Boatmen'8 Nat Bk— 2.000,000 2.057,341
52,356.221
312.158
Bremen Bk A Tr Co. Jfc
400.000
5,331,323
Jfc
211,374
Cass Bk A Tr Co
400.000
5,245,064
First Nat Bank
10,200,000 7,404,046 219,792,210
510.399
Industrial BkATrCo
600.000
10,220,906
Common

Preferred

Baden Bank

:

Jefferson Bk A T CoCommon

{20

15
40

20

26

28

100

90

100

100

100

125

17

30

20

61

72,820

3,110,413

95,431

6,308,571

50,000
50,000

29.379

600.000

583,950
176,135
248,011
136,852
674,704

60

1,010,356 {100
U00

200.000
215.000
635.758

Capital notes
Jeff-Gravols Bank..

6

120
100

{100

166 "30*

100

100

105

Portsmouth—
First National Bank.

250.000
75,000

Preferred
New Hamp

Nat Bk.

90,352

200.000

Common

ilH

300
1135

100
100

35,142

No

3,057.715 /100
1100
1,455,488 100

re

cent

sa.les

65

45"

Lemay Ferry Bank—
Common
Preferred
Manufacturers

National Bonks

al00

Manchester Bank

600.000 b

Mutual Bk A Tr Co.-

450,000

Plaza Bank

200.000
350.000

(The)..

Sec Nat Bk SavsATr

10,350,331
5,368,068
8,644,871
3,820,941
15.956,125

20

14

s'a%W°ns

100
50

90
85

95
92

17

Atlantic City—

20

20

Boardwalk Nat Bank

100

175

17

Oommerc'l
A Savs Bank

Nomi nal.

423.000

5 54,179

400,000

Telegraphers Nat Bk

500.000

Tower Gr Bk A TrCo

1.000.000
1.000.000

170,454
201,178
741.027
358,251

fc

United Bk A Tr Co..

120,000
343,783

3,228,591
4.399.595
4,578,481
14.701,602
8,291.346

100

20

50
20

100
20

95,959

500.000
2.350,023

1577,212

100

"58"

225,000
1.184,518

104.224

Preferred

23

115

'36"
63

Guarantee Trust

Chippewa Trust Oo. Jfc
■aston-Taylor Tr Co k
Lindell Trust Co....

340.000
250.000
300.000

Merc Com BAT Co- 10,000.000
Mercantile-Com¬
Nat'l Bank.

72,921

3,105,095

20

97,419

2,915,179
5,149,267

100

30

5,755,736 157,447,797

100

106

252,811

North St Louis Tr Co
.

.

Preferred

.772,192
,033,970
,279,633
,183,750
.855,773
,878,620

100
25

Jfc

290,000

Union Nat Bank

Jfc

595.500




15

2§*

100
20

100
100

Springfield—

Southern Missouri Tr

—

Preferred

Asbury Park—
AsburyPkNatBkATr
108

100.000

I

10
10

1,314,131 {100
1 10

3 H
26
60

"23"
100
175

Ho"

16,770
330,633
98,183

2,507.884
10,076,031
2,119,610

580.500

196,322

5.427,829

10c

300,000
100.000

227,312
92,708

3,171,625
1,167.336

10

200,000
400,000

37,440
407,881

1.505,218
10,715,609

Jfc

246,600
575.090

Jfc

249.500

98,650
173.269
117,210

2,090,722
4,937,749
1,394,842

Jfc

55

Asbury Park A Ocean
—

Seacoast Trust Co—.

5

9X
3X

65
10
4

Bavonne—

Broadway Nat Bk

—

Jfc

Bayonne Trust Co..

Bridgeton—
Bridgeton Nat Bank.
Cumberland Nat Bk
Farm A Mer Nat Bk

Citizens' Bank

a30

4,538,947 /

Equitable Trust Oo—

Grove Bank

311,725
350.000
.000.000 3,020,621
246.059 b
23.836
300.000
264,089
750.000
290,105
100.000
204,110

Miss Val Trust Co..
Mound City Tr Oo

150

1,679,018 {100
1 10

70

20

Share'

100

5,145,424

Co-

Common

Common

.

668,365

Common

South Side Nat Bk

Northwest'n Tr Oo.
W ebsterGroves Tr

Per

400,000

Bankers Trust Co—

Southern

merce

NEW JERSEY

March 7

Bank

A T Co

Jfc

50
100

75

100

35

45

100

73
13

80

20

15

100
100

»

Sale price.

a

Retirement price.

100

5 Dec.

d Owned by the
e

;

31,1937.
Transamerica Corp., San Francisco, Calif.

Member of Northwest Bancorporatlon.

/ Includes reserves.
q

Member First Bank Stock Corp.

h Reserves.

iMarch 7,1938.
Jfc Preferred

H;

stock and common stock or capital debentures outstanding.

I Last sale.
s

t

Member of the Guardian

Preferred stock retired.

Detroit Union Group Inc., Detroit Mich.

106

BANKS

National Banks
March 7

NEW JERSEY
Surplus &
Profits

Capital

AND

COMPANIES

TRUST

State Institutions
Dec. 31

National Banks

NEW JERSEY

March 7

Gross

Deposits

Par

Bid

Ask

Surplus &
Profits

Capital

Institutions

State

Dec. 31

Gross
Par

Deposits

Did

Nomi nal.

Oamden—

$

FIrstOamNatB&TOo d2,192.891
Merchantville

850,406

Nat'l

Bank & Trust Oo_ d
Camden Trust Co...

224.375
2.734.750

103,016
765,250

East OrangeAmpere Bank A TrOo

200.000

117,715

Per

1,148,182
30,959,807

share.

4

23,825,783 12H

6

2

4

1

10

234

Sav Inv & Trust Co:
Common

$

690,861

Preferred A

527,585
477,666
406,907

200,000
Prospect Natl Bank.
200,000
Security Nat Bank..
Trenton Banking Co
1,500.000
Trenton Trust Co
dl,874,000

34
434,509

400,000

158,555
157,547
45,107
110,045
287,054

Nat'l State Bank—
dl,310,000
Central Home Tr Co d
500.000
Elizabeth Trust Co.. dl,020.168
Union County Tr Co dl, 114,345

18.785,027

1H
63*

r

H

4

7.050,806

100.000
500.000

25,166

346,162

100.000
200,000
100.000

Woodbury Trust Co.

100.000

Commercial Tr N J._

79,757
4,221,931
705,484
27,823

3.400,000

N J Title Guar & Tr. d2.999,996
North Bergen Tr Co.
100,000

15

18

20

25

50
50

72

10

38

3

1,140,000 12,175,237
Preferred A
2.500,000
West Bergen Tr Co.. d 400.000 a
29,515

25

18

3,638,472
4,102,937
12,023,292

50

15

1,517,297
2.180,618

20

I

-

■

"6"

1

National Banks

NEW YORK

March 7

10

43

46,349,805 100
3,474,665 37 3^

State

Institutions

March 31

Albany—

r30
12

25

27

34

334

2,834,611

Nat Bank of Auburn

100

500.000

7,782,900
7,111,666
1,719,205
9,939,690

595,488

200,000
100.000

Farmers' Trust Co..

400.000

756,444
411,961
527,447

9,565,369

100

600,000
<500,000

9,888,999
7,906,325

100

st Co. retur ns dale Marc

h, 31

445,445
155:478

150.000

Lincoln Nat Bank
Franklin Wash Tr Co
Mt Prospect Nat Bk.
Nat Newark & Essex

58,256
391,674
121,189

600.000
884.000

144,130

n

50

2,904,241

150

1,672,861

40

100

160

1,465,766
8,814,920

Marine Midl'd Tr Co

National
Bk

200.000

Citizens Bk of Bklyn
Flatbush Nat Bank

:

225,000

!

Kingsboro Nat Bank
Lafayette Nat Bank.
People's Nat Bank..
Brooklyn Trust Co:
Kings Co Trust Co_.

210.000

!

950.000
550.000

500.000
!

8,200,000
500.000

Common

1,255,047
66

71

10,185,223
6,176,566

300,000
471.273

Common
Preferred

388,424
358,927
103,218

500

525

.....

"!o'"
934
2534

1034
2634

24

26

"20"
b

14

Common
Preferred
Hamilton Nat Bank

100,000
42,750

of Weehawken

141.414

Liberty National Bk
Guttenberg
Merchants TrUnCity

100,000

25

jn 32,199
n

n

500,000
Oomw'lth Tr Un City
598,500
Gutt'b'g Bk & Tr Co
100.000
Weehawken Tr Co..
400,000
Huds Tr Co Un City. al,000,000
Woodcliff Trust Co..
145,000

25,837
60,519
117,298
119,024
107,532
354,175
1,930,880
14,614

Passaic—
Passaic N Bk&Tr Co d2.250,000
1,783,252
People's Bk & Tr Co.
1.000,000 p 313,822

4,384,256

Chemung Can Tr Co
First Nat Bk & Tr Co

*00.000

1.237.500

10

100

20

249,234
175,000

124,242
62,481
578,964
93,830

Mid-City Trust Co.. d 100,000
Plainfield Trust Co.. dl,150,000
d

Paterson—
First National Bk—
Common
Preferred
Haledon Nat Bank.. d
Nat Un Bk of America
Paterson N at Bank—

247.500

680,000
625.000
103,000
300.000

i

408,456

8

10

15
10
23 J

t215H

<32

5}

144,360
575,094

5,082,072
9,703,302

342,155

12,752,098

100

20
25

25

60

Debentures "A"._
Debentures "B"_.

10

500,000
985,000
300.000

7

The First Nat Bank.
Nat Ohautauq Co Bk

200.000

Union Trust Co

400,000

8,016,699

fno

3,786,570
4,703,931

658,338
157,754
445,034

500.000

300
13

<50

20

7H

350
rnm'w,

m

mm

m

1,223,435

Bank.

150,000
150.000

Kingston Trust Co..

20

467,623

State of N Y Nat Bk

20

734

200,000
250.000

550,000

128,504
90,813
465,582
482,562

2,019,335
1,178,734
4,108,322
6,460,162

N

o

10

re

cent

100

sa

les

100
100

10(1

10

New York CityDeposits N ew York Ci
are
of June 4,
1938.
Sur plus and p
for National and March 31,
1938 for
of banks and trust companies in Ne w Yo
found inourilRai Iway
Secti on, pages 1

25

100

Amalg Bank of N Y.

45,854 <

6,106,911

25
100
100

500,000

100

3,674,664

47,357,000

First National Bank. 10,000,000 <107683270 516,787,000
Grace Nat Bk ofNY
1,500,000 <1,945,367 <26,390,585
Merchants Bk of N.Y
400,000 <
221,335 < 4,521,119
Nat Bronx Bank..
d
790,000
255,949 r 8,102,730

rted net

and

March

7. '38

di vidend

a

record

Broo klyn

94,195,196 ,197

Bk of the Manhat Co
20,000.000 25,867,150 402,764,000
Bank of Yorktown.,
1.000.000
750,919 < 6,028,819
Chase Nat Bank
100.270.noo 128391441 1945280000
Comm'l Nat Bk & Tr
7,000,000 <8,151,323
79,106,000
Dunbar Nat Bank.. k
500,000
383,354 p 3,154,096
Fifth Ave Bank

2

12,584,397

650.000

ty banks are repo
rofits are of date

State banks,
rk City and

,

m ay

198,

be

199.

100
20

10

llH

40

662,

26 M

13.55

100

117

25

100

mm

100
50

§60""

750

100 1550
100
m

.

99
35

1590
—

—

105""
40

1,148,827
2,181,642

1975,786

78

1620

13

10

10,833,162
14,340,000

600.000

*

600,000
375,000
1,500,000
1,000.000

10

1,577,049
743,113

Rondout Nat

100

12,400,120

52,615
55,670

48

73
100
100 1580

Kingston—

29,630,425
4,760,708

4,209,910
1,370,094
1,231,458
16.850,439
3,909,387

""43"

50

50,144,527 I

First NBkofRondout
Nat'l Ulster County
Bank of Kingston.

Plainfield—
First National Bk
Plainfield Nat Bank.

65

100

Bank of Jamestown:

I so;

1,186,346
5,652,357
5,597,146
3,274,687
8,372,107
25,992,810
1,340,250

44"

100

148,779
2,162,719
7,947,730 88,745.538
7,638,824 160,250.703

650,000

d

Common

1,370,043 f 50

1,382,820

98

"34"

Jamestown—

100

r30

118,460

75

50

100
33W

Elmira—

Ithaca—
First National Bank. d

1,848,267

North & West Hu dson—
IstNat Bk of Un City d
337.896
Nat Bk of W N Y—

1938.

1938.

144,332
2,559,233
108,770
2,612,439
55,413
2,875,386
315,950
3,627,181
343,730
7,918,404
297,628
5,648,373
5,676,724 113,627,059
6,250,791
43,998,207

2.200.000 13,493,739

Debentures
2,500.000
Llncoln-E Side N Bk d
200,000
Mfrs & Trad Tr Co.
5,000,000
Marine Trust Co
<8,000,000

Tompkins Oo.TrOo.
871,250
300,000

banks Mar ch 7,

Buffalo—

New Brunswick




Brooklyn— State B ank & Tru

200

50

Liberty Bk of Buffalo

6,833,123

3.000.000
1,444,038 41,316,547
National State Bank
600,000 nl, 691,115 21,869,412
Clinton Trust Co
d
526,980 /
564,820
2,881,514
Columbus Trust Co.
400.000
45,812
1,939,844
Federal Trust Co
1.622,500
1,088,588 32,932,277
Fidelity Un Tr Go— d7,500,000 7,804,034 143,393,689
Merch & Newark Tr.
2.500.000 pi,84,9,690
16,878,453
Union National Bk._ d
336.300 n
118,557
3,375,410
United States Tr Co.
600.000
566,563
3,326,883
West Side Trust Co.
1.075.000
386,410 10,313,986

Nat'l Bank ofN J... d
Peoples Nat Bk
New BrunswTrOo—

100
100

Binghamton—

Bensonhurst Nat

27

15

Banking Co..

Preferred.

—

10

Newark—
Bank of Commerce of
Newark

Preferred

60

6,115,344
5,837,005

J50

200,000
600.000

280,882
325,753
14,906
824,366

25

.American Trust Co..

Hamilton Trust Co.
U S Trust Co—
Common

220

50

349,645
120,614

5

50

Common

420"*

210

50

234
r

T"

25

2,636,911

Preferred..
Citizens Trust Co—

400

400,000
695,000

Morristown—

......

100
100

City National Bank.

134

{lH

First National BankNational Iron Bank.

Common
Preferred
Second Nat Bank...
Paterson Sav Inst...
Prospect Pk Nat Bk
Common

600

Auburn—

Auburn Trust Co

53,907

State Trust Co

Per share

250.000 1,385,461
3,012,621
(Vat Com Bk & Tr Co
1,500,000 5,149,883
59,947,601
State Bank of Albany d2,900 000 p2,575,974 112,521,472
First Trust Co
d2.970,000
446,571 31,105,862

Mech & Farmers Bk.
6

2

Now nal.

48

7

32,190,460 f 25
\ 30
980,233
100
59,762,786
25
24,154,634 1234
1,103,439
100
53,422,955

50

10

22

230.000

Mt. HollyUnion Nat Bk&TrOo

4

10

Long Branch—

Morristown Trust Co

75

3

50

First National Bank:

Trust Co of N J—
Common

Long Branch Bkg Co

6

100

100

Jersey City—
First National Bank.
2,225.000 1,228,604
Franklin Nat Bank.. d
400,000 n
35,064
Hudson Co Nat Bk—
Common
1,250,000 I
506,646
Preferred
1.500.000

Bergen Trust Co

share.
75

4

5

20

15,091,331

Farm & Mechanics'
National Bank
First Nat Bk & Tr Co

Hoboken—
Columbia Trust Co__
Seaboard Trust Oo__

3,030,093
2,904,713
1,724,230

Per

65

""lo

45

Elizabeth—
d

S
12,668,101
39.168,145
992,204
1,136,685
27,554,058
22,012,661

479,003
1,298,158
43,643
79,391
1,198,065

Woodbury—

95.600
495,000
274.165

Preferred B_

Eltzabethport BkgCo

$
TrentonBroad St Nat Bank. dl ,000.000
Kirst-Mech Nat Bk. d3,167,000

—

2,696,533 33^

Ask

Nomi nal

50
a

823,726
2,122,232

100,000 10 365,962

16,646,113

264,366

600,000
750.000

357,327

4,683,703

160

9,252,551

15

3,748,058

Midland

Corp.

Includes

Preference stock.

16

security

c

3

/ Includes preferred
q

h
<

13,099,564 /100
\ 50

t Marine

stock,

.d Common and preferred stock capital debentures outstanding.
e Represents
capital* surplus and undivided profits.

rl234

392,975

price,

c

29,778.361

50,000

600,000
594,000
dl ,325,000

Sale

March 31. 1937.

5

60

Includes

stock

retirement

fund.

reserves.

Affiliated with the Trust Co. of New Jersey, Jersey City.
Controlled by Marine

Midland

Corp.

k Directors of the Dunbar National Bank of New York, N.
Y., on April
18, 1938, resolved to liquidate the institution and ratification of the resolu¬
tion was appro ved by shareholders on

May 23, 1938, effective May 31,1938.

I Last sale.
n

• ;

Dec. 31, 1937.

0

May 23, 1938.

p

March 7, 1938.

r

Preferred

t March
u

v

stock

retirement

price.

31, 1938.

Reserves.

April 11, 1938.

,

^

A -A

National Banks

NEW YORK

March 7

Capital

Surplus &
Profits

TRUST

AND

BANKS

Junk, 1938]

National Banks

State Institutions
March 31

Nomi nal
Per

N. Y. City (Cone/.)
$
$
National City Bank. 77,500,000 658673933 1633185000 12^
NatSafetyBk& Tr Co el ,014,300 /
500,000 fl5.242.300 12H
Penn Exchange Bank
e528,000
253,162 b 2,874,970 10
Public Nat Bk&TrCo
7.000.000 8,989,906 130,400,000 17H
Schroder Bkg Corp.
6,000,000 2,261,976 /22,227,664
1,944,858 d26,226,068 "25
Sterling Nat B & T„.
1.500,000
Trade Bank of N Y__
e416,250
290,971 b 5,997,907 12 X

Capital

Ask

Bid

Par

NEW YORK

March 7

Cross

Deposits

& Trust Co

23

Ossining Trust Co.

14

9

11

23 K

24 M

22^

Common
Preferred
Westches Co Nat

co.

returns d ate March

Sk of Athens Tr Oo_
Com It Tr Co
anca

16

19

170,000
30,000

100.000
500,000

Banco dl Nap Tr Oo„

B'kof Montreal Tr Co
Bank of N Y& TrCo
Bankers Trust Co

151,800
3,561,800
835,020
10,477,946
623,134
14,873,377
630,553
214,719
1,000,000
C6,000,000 13,389.027 172,435,501
25.000.000 77,113,459 835,193,433
257,500 21,446,200
542,500

100

Trust

Co

Corn Ex Bk & Tr Co

Corporation Trust Co
Empire Trust Co
Equitable Trust Co.
Federation Bk& Tr Go
Fulton Trust Co

.

Fiduciary Trust Co..
Guaranty Trust Co.
-

Hellenic Bk & Tr Co.

Irving Trust Co
Schroder Trust Co..

Lawyers Tr Co

10,000.000
e
750,000
1,000,000
4,000,000
15,000,000
500.000
3.500,000
500,000
825,000
2,000,000
1,000,000
90,000.000
1,000,000
50,000,000
1,000,000
2,000.000

14,223,613
496,700
562,737

102

90

"loo "329" 338"
10

42

40
4

7

5H

20

79

82

10

37M

39H

57,157,751
8,255,500

20

7,996,200

25
10
20

4,198,810
57,365,840
18,309,241 301,253,533
350,800
32,600
3,930,753 70,412,789
621,215
1.084,398
2,894,142
1,285,400

241,316
10,786,221
22,098.795
12,992,400
181,840,363 1446430628
264,829
2,789,161
61,612,100 510,709,006
1,486,200 20,854,200
1,929,280 43,380,323

50

"54" "60"

Citizens Bank
Peoples N B & T Co:
Common
Preferred

14H
12H

First National

"26" "2l"

e

33

25

20
19
1

1

ICO 100

"43"

25

18

23

10

28

33"

20

5,263,558

871,864

6,983,339

,

20

1

2

20

8,606.953

y 49,891

7

11

5QH

Nomi nal.

5M

5

79

Aiheville—

82

Per

First Nat Bk & Tr__

25

153,465

2,902,720

398,231
500,000
489,782
300,000
542,695
1.200.000 dl.969,602

4,511,714
10,729,264
6,437,743
53,948,041

100
100

150,000 /
46,440
500,000 dl,119,853
200,000
151,476
lOn.onn
111,000

1,469,177
12,520,710
1,915,182
1,950,647
1,224,991

share

20

e

250.000

e

450.000

200

Charlotte—

17,574,219
5,245,697
10,158,200
69,338,443

6

5

[20
100

100

Charlotte Nat Bank.
Commercial Nat Bk.
Union Nat Bank

""75" "85"

American Trust Co..

Citizens'

Nat

Bank.

e

Fidelity Bank
Depositors Natl Bk.

100

50

70
200

100

mmmrnrn

205

200

mmmmrn

250

255

Durham-

1555

100 1505

e

Home Savings Bank.
Mech & Farmers Bk-

214,000

e

a

56,026

100

100
25

80

72

20

18

25

mm

mm

m

•»

rnrnmm9

26

25

25

Greensboro—

Common

,896,243

2,800,000
2,500.000

4% Co nv. Preferred

25^

Guilford Nat Bank—

12

22tf

70,006,823 / 20
\ 50

Central Trust Co—

Security Nat Bank—
Raleigh—

,

43

600,000
Capital notes
1,200,000
Genesee Vail Tr Co.
«2,260,000
Roch Trust & 8 D Co
1.000.000
Security Trust Co—
Common
300,000
Capital notes...
200.000
Union Trust Co:

277,315

16.560.225

[ 20

424,478
3,923,953

16.315,296
36,262,243

25

3,000,000
1.000,000

...

Capital notes

/x 9

"12"

20

84

150,000

Common...
Preferred

'

...

Wilmington

30,896,748

jl,332,946

45,922,503

J100

10

330,154

10,862,795

10

N

0

re

cent

e

790.000 d

696,615

18,137,063

25

sa

les

e

180,000
300.000

116,584
641,637

2,679,068
7,179,676

25

Wllm Sav & Tr Co..

1000

10

1

J 207,669

-

People's 8av Bk & Tr

J2.335.221

3,397,645 f

50,000

800,000

...

First Citizens Bk&Tr

92

10

Wilson—
m

mm mm

m

Branch Bkg & Tr Co
Common

| <30

400.000 \d 988,839
396,000

Preferred
Nat Bk of Wilson...

1160

76,522
110,000 1
90,000 /
e3.970.000 d2.170,601

25

2,327.704

72.089.425

275

250

17,697,134 J100

165,468

too.ooo /

mmrnmmm

0160

mmrnmmm

mm mmm.

Winston-Salem—

Schenectady—

First National Bank-

Mohawk Nat Bank—
Common

Preferred

14

50

NORTH CAROLINA State Dec. 31
Institutions

35

48 y2

Rochester—

Common

400,000
400,000

~~28H ~32ii

Lincoin-Allia Bk&Tr

Common

15

25

5
mm mm

"208" 213"

2,666,969

372,440

100

I

493,912

350,000

Preferred

Title Guar & Tr Co—

Jamaica, L. I.—
Jamaica Nat Bank..

13,618,223

)

300.000 /

Common

"185" 266"

h

10,000,000 111129055
Debenture notes..
8,235,917
Trust Co of Nor Am. e 800,000
229,549
Underwriters Tr Co.
863,400
1,000.000
U S Trust Co of N Y
2.000.000 28,761,440

970,089

3

loo

10
30

~"IOM ~nti

158,800

Common

123,231

4,782,444

8

Bank

March 7

Savings Banks Tr Co

7,184.348

3

10

Yonkers Nat Bank
& Trust Co—

10

32.998,440 145129357 592,002,055 f 20
Convertible pref
9,382,520
Marine MidlTr Co..
5,000.000 9,026,761 100,255,975
25
New York Trust Co 12.500,000 27,812,790 326,830,382
4,681,200
5,245,700 114,246,200

10
8

225,921

100

Common

600,000
2,500,000

5

'

in Yonkers

100
25

6

15

800.000

Central Nat Bank

44

10

8
2

Yonkers—

UV2
10 H
43

100
100

10

2.633,446 12 M

29,851
127,093
19,951
46,056
81,371

200,000
150,000
580.000

County Trust Co...

25

100

50

3,951,585

5,428,111
3.036,875
3,370,235
1,685,863
1,962,683

176.250 /

a

50
50

550,000
195,000
200,000

Tarrytown N B&TrCo
White Plains— '

Mfrs Trust Co:

Pan American Tr Co

37,438

10,991

550,000

Rue—Rye Nat Bk
Rye Trust Co

100
10

e

Bk&Tr Co
Mutual Trust Co_

50

Bronx County Tr Co
Cent Han Bk&Tr Co 21,000,000 70,902,138 785,403,672
Chemical Bk & Tr Co 20,000.000 54,648,652 515,766,211
City Bank Farmers'

Clinton Trust Co
Colonial Trust Co
Continental Bk&Tr.

Mt Pleas Bk&TrCo
Port Chester—1st N.

100

100

1,839,804

J 405,092

300.000

Common

J

Pleasantville—

31, 1938.

500,000
2,000,000
1,000.000

share.

20

Peekskill—

Preferred.....
Trust

prices

Per

$
1,608,595
2,366.610

Peeks kill N B&TCo

"20^

Ask

Bid

Par

Deposits

$
210,200
171,394

350,000

a

March 31

Nom.

200,000

12

Institutions

State

Gross

Surplus &
Profits

Westchester Co. CConcl.)—
Ossininff—1st Nat Bk
$

share.

21V2

107

COMPANIES

6,025,591

f

Common

10

L

214,117

200,000
253,590

...

10

Union National Bank

400,000

300,000
750.000

425,351
519,396
1,337,130

8,660,919
7,731,140
15.206,811

100

Citizens Trust Co—

1,200,000

<710

Schenectady Tr Co..

100

m

Preferred
Wachovia Bk &Tr..

2,702,930 I

10

mmrnmmm

10

mmrnmmm

100

rnmmmm

-

m

mmm

135

130

«m m m m m

200""

100

Syracuse—
837.092

21,906,011

20

29 H

750,000
180,000

J 440,987

9,061,773

20

12

e4,691,844

1,199,132

51,644.816

4

J 1,098,657

29.028,327

10

Lincoln Nat B & TCo
Merch Nat B & T Co
Common

...

Preferred
First Trust & Dep Co
Common..

31H
National Bonks

14

20

5K

Nomi nal.

Syracuse Trust Co..
Common

1,000,000
1,400,000

Capital notes

12

.Per

Fargo—

Common

Troy Trust Co

1,473,186
707,530
123,923
92,971

e299,250

50.000

21,457,343 < 25
25 ""18" "22"
11,143.080
4
5
7,111,597
5
8
3,664,194

128,603
204,949

6,128,830
3,112,845

N

n

National Banks
1,000,000
990,000

Preferred

Jl,444,923

100
0

100
n

re

cent

25

sa

les

165<5

Utica—
First Citizens Bk & T

33,528,345 \2V>
1 10

Institutions

State

OHIO

March 7

%

Dec. 31

060

Oneida Nat Bk & Tr
Common

Nomi nal

600.000 V
196,000

...

Preferred.....

496,346

9,808.800 / 20
\ 25

Per

Akron—
Dime Savings Bk Co
Common
...

127,320

113,134

N

4,056,629 I 35
1 40

Common

600,000
240,000

Jd 368,786

11,260,103

cent

les

e

Mt. Vernon—lit N__

a

(The)-

e

179,188
190,272

700,000
267,500

616,645
105,952
639,344

12,724,313
2,790,158
6,490,314

20

Mt Vernon Tr Co. a3.000.000

100

New Rochelle—
Central Nat Bank,

e
115,000
First Nat Prnk
300,000
Huguenot Tr Co.. a 646,000
New Rochelle Tr_. al.600.000
—




125

1M

20

e

2,391,041
4,624,338

20

1,648,408

10

1

14,771,667

20

23

20

1,315,324
536,294

18,728,965
10,882,329

100

1,231,987
171,653
143,924

400,000
200.000

Oolumbia Bk & S Co

0

199,500

175

"2 H

t Marine MidlaM Corp.
b March 31,

9,750,045
3,280,941
1.620.854

100
100

265

10

8

les

1

""27"

30
3/

28

1938.

145

100

90

166""
10

a June 30, 1937.
>

Approval of the change in title of the Bank of New York & Trust Co.
"Bank of New York" has been voted by the trustees and stock¬
holders will pass upon its ratification on June 17, 1938.
c

to

80,537
280,679
80,625
516,285

0

100

j 622,792

20

10

N

re cent

14,066,684

200,000
608.000

Capital debentures

Cincinnati—
Atlas Nat Bank
Olnn Bk & Tr Oo...

125

100
v

15

100

3,537,148
3,714,715

'166

Canton—

| <25

Westchester Co—

200,000
350.000

21,000,943
3,434,876

share

100

sa

Common

Bronxville—

Gramatan Nat Bk &
Tr Co

15,856,446

995,000
First National Bank. e
Geo. D. Harter Bank el,000.000

Northern N Y Tr Co

Capital notes

O

re
sa

210.000 I
120,000

Preferred

100,000

149,058

933,474
89,421

1,243,980

Goodyear State Bk..
Firestone Pk Tr&S B

20

5,556,457

200,000 1
495,000

First-Central Tr. Co.

'

400,000

Common...

Fleetwood Bk

'

Capital notes

Watertown—
Jefferson Co Nat Bk
Watertown Nat Bk—

Bronxville Tr Co

share

100

2,285.210
1,919,434

500,000
150,000

e

Merch Nat Bk&TrCo

164,699
106,841

«201.000

Dakota Nat Bank..

Fargo National Bk_.
First Nat Bk & Tr Co

Troy—
Manufactur Nat Bk. el ,400,000
National City Bank.
600,000
Union Nat Bank... a
634,400

NORTH DAKOTA

March 7

020

the

d March
e

7, 1938.

Common and

preferred stock or debentures outstanding.

/Dec. 31. 1937.
g

Retirement price.

i

Controlled by Marine Midland Corp.

k

First report.

I Last sale,

<;

n

•

;

Member First Bank Stock Corp.

108

AND

BANKS

Nationa I Banks

Capital

Surplus <£
Profits

Institutions

State

OHIO

March 7

COMPANIES

TRUST

D*>c. 31

Gross
Par

Deposits

Bid

Capital

Ask

Surplus &
Profits

Gross

Nomt nal.

Cincinnati (Con.)
First National Bank

$

-

Per

5.000.563

6.000.000
d

Bk & Tr Oo

Nomi nal.

Allentown—

share.

100

120

125

$

Lincoln Nat Bank.
Northslde Bk & Tr Or d
People's Bk & Sv Or d
Prov S Bk & Tr Oo
Second Nat Bank...

600.000
600.000
240.400

600,000
1,800,00(
1.000.000
500.000

Be Ohio 8 Bk & Tr Oo
Western Bk A Tr Oo d2 000.000
Oentral Trust Oo
6,000,000

Fifth-Third-Unlon Tr ust

192,296
1,130.323
160,968
b
291,870
n3,170,204
854,671
6
608.705
b
317,630
62,162,497

5,624,118
9,656,192
2,331,445
2,981,694
46.877,128
16,008,483
7,165,015
11,800,033
65,531,551

J63376 935

93,805,838

100

220

50

1.000.000

1.598.707

1.000.000

2,170.187
1,371.088

Second

90

100

Allentown Nat Bank

Merchants Nat'l Bk.

75,880,306

Nsrwood-Hyde Park

5,000.000

Capital debentures

2,300,000

Nat

Bank..

450,000
600.000

Per

■>

share.

10

36
21

100

105

160
41
25
125

6,276,557 rioo

125

150

12.082,958
8,376.479
5,377,490
7,160,075

100
25

140

50

100
10

Lehigh Vail Trust Oo

"27 ""

100
100

140
7
5X
80
75

10
100

First Nat Bank—
Common

150.000
295.500

279,583

250,000
263.390
249,300

432,984

4,253,784 I

253,468

2,849,645

200.000

Preferred

138,839
686,275
52,902
157,097
275,295

1,138,067
13,379,705
700,029
7,780,429
3,778,125

U00

Altoona Trust Oo—
Common

Preferred

105

102

J100

883,010

Altoona—

29

150

140
120

Oo—

Common

Ask

Bid

Par

Deposits

Oentral Trust Co__

16

18

ioo'

lis'

10
10

100

Cleveland—
Amer Sav Bank Co.
Oentral Nat Bk—
Common

300,000 6

201,258

100

220
6

8

Erie-

260

5.000,000 11,458,947 124,914,486 f 20
Preferred
7,920,000
i 16
Clev Say & Loan Oo.
250.000
589.731
1,981.975 100
Lorain Street Bank. d 485,000 6
154,661
60
4,357.298
National City Bank. 7,500,000 4,415.831 135,338,217
20
North Amer Bk Oo
d
59,606
190.000 b
100
673,959
Cleveland Trust Oo
Common
13,800.000 164276 873 336,857,256
100
OaDital notes
14.137.500
Union Bk of Comm. fco.000,000 3,000,000
Union Say A L Co..
360,229
900.000
2,835~674 100

4,589,619

Bank of Erie
a24

21

23

First National Bank

dl .245.010
Lawrence Park N Bk
50.000
Marine Nat Bankdl,291,000
Nat Bk A Trust Co__
300,000

300,000

Union Bank

(The).. d

-

Branson Bk & Tr Oo

67,634
1,596,287
116,173
114,949
2,325.765
176.993
70,437

250.000

City Nat Bk & Tr Oo dl ,600.000
Columbus Saying Bk d
80.000
Fifth Ave Sav Bk Oo C
200,000

Huntington Nat Bk_ d3.500.000
Market Exch Bk Oo.
200.000
Northern Sav Bk

Ohio National Bk

d

150.000
c4.000.000

3,120,228

2,980.141
27,581,166
1,654,482
2,487,582
54.718,851
3,906,988
1,395,632
64,451,081

100

90

105

10

14

15

165

180

60

200.000
295,000
842,000

•

169,069

553,671

7,407,478

Common

7,500,000

100

636,307 32,263,089

,

50

2,795,641
3.992.671
6,186.227
4,333.617

10

11

12

25
50

80
60

90
70

15

18

a50

10

8

10

Central Trust Co...
Citizens Trust Oo

400.00ft

Dauphin Dep Tr Oo.
Harrisburg Trust Oo

400,000 61,259,396
400.000
1,474,438

13,090,438 "156 /420
11.673.124 100 275

400,000
600,000
625.000

762,958
1,082,806
407,788

10,487,097
10.841.254

20
20

/55
/46

8,429,655

50

I 100

300.000 IQ 417,442
180.900
300.000
238,864

5,803,687

10

1,931.532

10

125,000

953,257

"I5o
C

Lancaster—

20

Fulton Nat BankLancaster Oo Nat Bk d
Farmers' BkATr Oo

95

1100

Common

"25

14,392,515

800,000

1,445,436

155.514
388,871
826,917
909,504
34.576

300.000

Preferred

25

-

Northern Bk A Tr Oo

Preferred

50
50

59,000

396.510
300.000

Oapital Bk A Tr Oo.
Harrisburg Nat Bank

Oonestoga Nat Bk..

Preferred
Third N B A Tr Co.. d
Wlnters N B & Tr Co

15

13,021,602 I

70

100
c

Dayton—
Merch N B & T Oo—
Common

66*3

Harrisburg—
Allison-East End Tr.

Columbus-

16 348.375

769,950
200,000

Preferred

90

100

Security-Peoples TrOommon

80

10
100

rioo

92

14

10
....

To

102

I 60
Philadelphia—

Toledo—

Oentral-Penn Nat Bk

3.040,000
Oity Nationa) Bank. dl.100,700

Commerce Qtuurd Bk
Common

500,000
400.000
200.000

Capital debentures
Nat Bank of Toledo:
Common
Preferred

>6 673.651
L

178,750

165,000
500,000 >
252,543
600,000 6
734,844
i,000,000 62.720,916

Spitzer-R T A S Bk.
Ohio Oltlzent Tr Co.
Toledo Trust Co

13,245,152

35

J 25

3,816,963 (100
i 125
50
2,541,737
20
11,755,163
50
78,519,958

40

35

50

55

Market St Nat Bk..
NatBkofGer ATrOo

Youngstown—
12,672,616 /

105,000

Capital notes
2,000.000
Mahoning Nat Bank dl ,625.000
1;250.000

14,460,346
17,858,365

"25

Union Nat Bank

432,887
1,917.847

City Tr A Sav Bk—
Common
1
Oapital notes

750,000 16 172,781
1,243,700

5,893,727

Natl

15

North Broad

15%

50

Northeast Nat Bank
Northw'n Nat Bk—

25

14

s

100

100

120

Bk

650,000

Preferred
State

Institutions

Nomi nal.
Per share.

First National BankFirst State Bank

100,000
75.000

MoAlester—
Nat Bk of McAlester
First Nat Bk of McA

152,197
75,498

100.000

213,000
255,536

100.000

2,373,492

100

1,444,241

100

25

2.727.850
2,280,217

N

Citizens National Bk
Commercial Nat Bk.
Flrst Nat Bk A Tr Oo

100.000
300,000

168,398
521,170
393,386

400,000

Oklahoma City
Oity Nat'l BkATr Oo
First Nat Bk A Tr Oo

200.000
5.000.000

257,431
3,136,442
245,436

Oklahoma Nat Bank.

40,000

43,037
338,907
24,383

2,000.000

1,714,057

100
100

5,660,242
52,545.775
6,960,287
18,955,235
L,517*862
15,102,535
858,523

43,852,143

100.000
500.000

Tradesmen's Nat Bk
Stock Yards Bank

Tulsa—
First Nat Bk A Tr Oo
Fourth Nat Bank—
Common

125.000

1

259,939

5,015,222

346,250/

63,591

.

PfftfAFPAH

2.250.000 12,654,203

100
10

25,000

358.799

100

125

125

160

100

125

20

20

23

20

20"
25

10

110

285
45

6

I 10
10

J 711,702

200,000 1/ 123,723
100,000
60,463

7,794,785

7

......

10

5

55

60

! 10

(

alO
60

rH to
»

18
I

tOJH
&X

a25
98

9H

10

3,241,273 / 20
\ 30

10

~~7~X

145

150

15

20

Preferred

Liberty Title A Tr Oo
Mitten Bk A Tr Oo
Ninth Bank A Tr Oo
-

Northern Trust Oo_.
Nor Phila Trust Oo.
Penn Oo for Insur on
Lives A Grant Ann
Tr A Safe Dep Oo.
Penn W'h'g A 8 D Oo

2,544,304

3,750,000 15,493,992
7 425.000
1.0O0.000 (71,197,978
1.500.000
704,387
821.711
d2,226.990
500,00ft 2,783,570
500,000 1,278,788

Security Bk A Tr Co.
Sonsitaly Bk A Tr Co

173
45

"JX
20
290
180
49

179*
68 X
8

70 X
9

2X
alO

~4
29*

8

39*

10
60
50

10

"28" "32""
24

89*

27

99*

100

535

565

50

87

95

10
100

25
52

59

43.085,489

ion

370

380

50
10

46

50

242,896
10,232

10.575.877
3,305,683
809,942

7

9

227,688
262.154
104,472
876.108

3,007,008
1,245,277
717,120
11.683.347

50

40

50
10
100

100

300.000

125,000

200,000
200,000 6

100.000

500.000

26

Sale price.
Preferred

I

8,404,118
6,177,503
19.376.420
12.570,730
7,165,232

5

15

282

8,400,000 14,548,595 224,403.782
750.00ft
1,134,728
928.035

Pittsburgh—
Allegheny Valley Bk.
Valley.

31,267,023 f

95
8

3,200,000 014,240,019
1,500,000 62,411.861

Provident Trust

a

b March

stock

retirement

price.

7, 1938.

Member of the BancOhio Corp.

c

State

"23"" "§5""
270
40

4,645,355 39,438 .517 100
90,210
2,719 .534 37 X
1.000.000
342.360
100
2.165 .950
400.000
20
427,823
1,762 ,361
Chestnut Hill T A Tr
250.000
96,524
50
1,506 ,970
Fldelity-Phlla Tr Oo 6.700.00ft 617177 125 100.263 .120 100
Finance Oo of Pa
641 .114
100
2,320,000 e7.315.742
Frankford Trust Oo
600.00ft
1,325,573 10.078 ,912
10
Germantown Tr Oo.
1,400.000 2,550.040 21,223 .466
10
Glrard Trust Oo
4.000 .noft 11,370,539 110,644 .160
10
Industrial Trust Oo
dl.132,250 1,188,697
10
11,559 ,895
Integrity Trust Oo—
Oommon
995,973
10
1st preferred-5
2,000,000 •1,582,616 34,825,492
2d preferred
3.000,000
10

*

OREGON

50

10

Banca Com It Tr Co
Broad Street Trust-

Braddock Nat Bank.

National Banks
March 7

100
100

I

Arsenal Bank
Bank of Ohio

20
100

2,053,094
3,128,275

40

32
269

263

6

Real Est Tr Oo

20

20
20

1

13,665

75
225

100

r

1,500,000

West Tulsa State Bk

185
32

50
175

100

I

26

100

62,048,844

175.000

150

100

r

178,400
180.141

60
100

?!*

38
28

25

Land Title Bk A TOo
Oommon

100

4,824.926

Preferred
Nat Bk of Oom'erce. d
Nat Bank of Tulsa—
Common

802,509

les

100

2,445.084
3,689,334
4,870,762

Fidelity Nat Bank- d 450.000
Liberty Nat Bank.. dl;200,000

cent

sa

Muskogee—
>

o

re

100

1,811,509

Tioga Nat Bk A TrOo d 405.336
Tradesmen'sNatlonai
Bank A Trust Oo
3,300,000
Wyoming Bk A Tr.. d 300,000

March 7

Guthrie—

63,915

L

95,000
250,000
200,000

500.000

Preferred

OKLAHOMA

20

27
16

...

South Phila Nat BkCommon

March 7

97,774,755
3,356,480
85,006,726
2,860,554
8,594,081
30,817,778
13,425,055

Common.-.
275.000
144,065
2,988,407 J 25
Preferred
225,000
\ 25
Philadelphia Nat Bk 14,000.000 5,345,374 366,913,132
20
Roosevelt Bank
d
270.000 i
39,526
50
2,134,000
Second Nat Bank—
Oommon

National Banks

50

'

T*FAfAF1*Asi

Dollar 8av A Tr Oo—

10

9,159,400

9,036,053
127,780
5,428,449
67,418
253,844
4,196,073
1,952,849

1.000,000
400,000

50.141,006

281,000

Kensington Nat Bk. dl,138,517
30

Nat'l Bk of Olney—
Common

Common

7,185,852

Oorn Exch Nat Bank
A Trust Co
4.550,000
Erie National Bank. d
470,000
First National Bank.
3,111,000
Glmbel Bros Bk A Tr
200,000

d Oommon and preferred stock or debentures
outstanding.

Institutions

March 7

June 30, 1937.

e

/ Dec. 31, 1937.
Nomi nal

Eugene—

Per

share

National Bank

200.000

314,937

7,168,133

100

F Portland—
First National BankPortland Tr A Sav Bk
United States Nat'l

3,000.000
300.000

3,454,530
503,627

98,503,997
4.185.973

100

180

189

100

100

108

4.500.000

4,494,110 112,066.701

20

30

First

Bank——




March 31, 1938.

0

h Preferred stock retired.
1 March 31, 1937
k Union Bank of Commerce

May 16, 1938.
I Last sale.

n

BIX

of

Cleveland,

ganization of the old Union Trust Oo. of that city
on

April 30, 1938.

s

New stock.

x

Ex-dividend.

V

Ex-rights,

Ohio, represents a reo and opened for business

June, 1938]

TRUST

AND

BANKS

109

COMPANIES

NatMarch7nki SOUTH CAROLINA

Capital
Pittsburgh
(Concluded.)

Surplus &
Profits

Gross

Nomi nal.
Per share.

$

L.

Ask

Bid

Par

Deposits

54,067,208
81.583,319
89.901.006

tft<

615,500
200,000
200.000
200.000

406,542
528.435
247,065
976,002
186,114
425.098

5.607,650
10.080,796
3.364,427

100.000
172.700

72.301
443.910

1,631,383
4,275,387

Dollar Savings Bank a
5,914,227
Farmers Deposit Nat
6.000.000 10.324,925
First National Bank.
6.000.000 6.304.229

100

185""

100

170

190

100

190

100
50

First Nat Bank & Tr

Co of East Pitts.

300,000

_

Forbes National Bk.
Fourteenth Ht Bank.
Freehold Bank

500.000

Hazel wood

tik (The)
Hill Top Bank..

Homewood

Bank

i

i

i

100

i

•

t

10

i

i

Cross

Bid

Par

Deposits

Ask

Nomi nal

Charleston—
Citizens A 8ou Bank
Carolina Sav Bank.

200

Surplus <fe
Profits

Capital

March 7

$
512,203
218,113
40,480

700,000
200,000
50,000

0

Miners A Merch Bk.
South Caro Nat Bk—
Common

1,100.000
1,200,000

$
16,142,287
5,451,204
424,571

Per
Q

10
100
100

share.

11*
95
95

36,352,958 nno

4

lioo

100

•

Preferred.

J 562,981

Columbia-

885,404

"~io

6

50

70

50

1,263,423
2.352,411

20
125

First Nat Bk of Col.
Lower Main St Bank

1 1 1I
1 1 11
1

1

1

1

200.000

35,000

144,823
195,145

10

10

4,350,009
1,501,651

530,350
501,202

a

5,897,608
3,775,886

25

at

Pittsburgh
Iron A Glass Dol Sav
Keystone Nat Bk—

Mellon Nat Bank
Nat Bank of America

50

Greenville—
First National Bank.

250.000
200,000

Peoples Nat Bank...
200.000 1
150,000

Common
Preferred

100

3,817,039 f 50
1 50
100
7.500.000 34.969,485 277,813.121
141,625 I
108,375

Common
Preferred
Nor Side Deposit Bk
Pitt National Bank.
Sheraden Bank
Union National Bank
Union Savings Bank.
Western S & D Bank i

58.018

2.000,000
1.000.000
497.500
700.000

910,005
Allegheny Trust Oo.
Colonial Trust Oo
i3,742,300 2.108,091
Com'wealth Trust Oo
1.930.808
1.500.000
Dormont S & T Oo.
122,206
125.000
Farmers Deposit Tr.
1.320.000 1,244,848
Fidelity Trust Oo
2.000.000 10.466.792
Manchester
Savings
Bank A Trust Oo.
383.790
250.000

1.762,403 [

65
«50

25

1,695,300

100
100

50

54

10

24

25^

J

25

2,458,184 f 20
I 20

67,353

1

65

60

31,100,953
35,253,619
3.705,318
5.924.041
31,572,142
18,761,623
2.559.001
501,328
22,647.609

160,000
40.000

«25

40

10,337,832
1.270.000

200 :

Spartanburg—
Com'l Nat Bank—
Common
Preferred

25

[

159,645
620,969
158,000
3,937.617
3,629.388
433.898

200.000
700,000
50,000

60

218.238

55

63

165"

i75~

50

50

40

100

80
85

90
92

80

85

100
100

Nomi nal

Sioux Falls—
First Nat'l Bk

50

2,555,094

50
20

24

800.00(i

150,000

N

share
0

re cent
sa

les

40

91,199,240
6,000.547
1,927,741
1,899,566
224,396,566
5.830.652
1,952.047
1,923,867

I

100
4,784,206
3,132,936 plOO
8,469,380 f 100
100
1,158,235

172.838
237,359
130,429
47,971

250,000

Northw'tSecurNatBk
Union Savings Bank.

89

85

25

3«5.onn

<

Nat Bk of So Dak—.

150"

100

Per

A Tr.

People's-Pittsburgh
Tr Oo

6.000.000 10.846.649
Potter Title A Tr Oo i 875.000
414.544
Provident Trust Oo.
266.534
150.000
South Hills Trust Oo
Union Trust Oo

Washington Tr Oo_.
West End Bank
William Ponn Tr Oo.

374,059

125.000

1.500.000 93,225,073
500.000
1,277,048
174.049
200.000
110,850
t
175.000

5

26
8

5

100

85

National Banks
March 7

100
100

5900""

100

95

Nomi nal

9X

Chattanooga—

Per

Amer Tr A Bkg Oo..

625.000

1,055.788

400.000

50

50

9,553,564

75

325.000 1

Common

Preferred

BeadingUnion National Bank
Berks Oo Trust Oo..

1.000.000
1.800.000

599,395
1,292.911

300.000

444.322

1.170.300

2.590.418

10

200.000

4,050.000
200.000
300.000
i
300.000

Common

_

186,888
4.966.703
149,555
a
348,655
a
39.555
a

a

6
12

10

18M

1,148.436
62,517,800
1,113,483
2,257.000

25
18

6H
12 M
19

25

50
15

70
28

966,222

50

15

1,000.000
150,000

153.774

2,399,763

50

743,580

4,838.997

25

764,547

200.000 1
100.000 /
400.000 a

Preferred
South Side Bk A Tr.
Third Nat BAT CoPreferred
West Side Bank

14,849.257

—

28
50
75

a

423,398

150

Ja 152.478

1,841,295

1,423,885
144,446
5,353,689
2,918,646

25

50.000

500.000

700,038

Bank

250,000

Williams port N Bk..
West Branch Bk A Tr

250.000

214,091
357,463
527,536

"65"
3

100
30

3.500,000

4,477,717

64,357,862

10

3.000.000 11.333,074
3,500,000
300,000
602,803
966.585
1.000.000

51,495,925

( 10
iioo

5,377,857
20,522,271

631.389

50
100

49

...

i

i

it*. i©
3X

Preferred

Broadway Nat Bank
Oommarce-Union Bk
Nashville Trust Oo—

500.000 la 993,542
1,133.300 '

9,249,008

1,243,586

26,205,871

1,000,000

250

186,390

150.00(1

333.737
27.662
559.823
188,175
506,579
879.177
522,083
770,167
al ,227,092

750.000

220

230

220

230

22 H

•

23
95

50

10
20

25

10

21

mmmmm

I

10

15

(100

(b)
105

110

205

220

i

100
100

100
State Institutions

TEXAS

Dec. 31

10
30
23

Nomi nut

Per

300.000

6

7

20

i

125.000

7,302,952

10

"14"

10

15
190
52
35

25

100

75.000

3,185.917 J100
1100

j 134,916

<100

75

10

100
20

share.

100

Capital Nat Bank—

22

100

11,672,611
14,368,495

409,416
530,203

679,750

5
10

660,292
7,830.440
1,596.251
4.168.633
5,518,522
4,663.301
4,108,833

17

10

Austin-

3,091.166

11

10

100

25

2,307,222 f

23

410
25

Austin Nat Bank.

York Trust Oo

100
100

52

98

395

Cent Nat Bk A Tr Co

250.000
190.000

125

25

American Nat Bank
Common

47

Common

245

140

Nashville—

American Nat Ban

York Oo Nat Bank..
York N Bk A Tr Oo.
Gnardlan Trust Oo..

300

Union Planters' Nat'l
Bank A Trust Oo.

York—

Industrial Nat Bank^
Western Nat Bank..

285

100

March 7

600.000
125.000
225.000
300.000
600.000
500.000

9

220

41,505,221
29,101,868
1,313,000

National Banks

100.000

8

210

1,622,928
2,047,877
84,500

•

25

2,491,065
4,577,207
5,348,597

Common......

120

1,000,000
50,000

Willi amsport—

Preferred
Drov A Mech N Bk.
Eastern Nat Bank..
First National Bank.

1,524,213 100
2,790.769 6.25
100
24,938,797
12.257,821 100

1,000,000

Preferred

225.000

43,993
113,711
1,126,038
477,029

i

60

44

155
—

Knoxville—
Bank of Knoxville

Oomm'l Bk A Tr Oo. <
200,000
HamHtonNationalRk <
925.000
Park National Bank.
1,000,000

Third National Bank

c

~

135

Memphis—

25

9,022,329
1,267.428
23,489.067
14,882,780
3,949,547
7.753,791

Wyoming Nat Bank.

100
100

Nat Bk of Commerce
State Savings Bank.

Wllkes-Barre—

...

\

39,923,291

20

40

25

2,873,176

First National Bank
750.000
Hanover National Bk i 200.000
Miners Nat Bank
2,600.000
Second Nat Bank
1.000.000
W-B Dep A Sav Bk.
500.000

382,370

First National Bank.

32

"60" ~65~~

25

150,000
189.550

Penna Trust Co—
Common

First National

8.074,976 (100

share200

1,252,853

75

250.000

Preferred

190

'

<2,800,000

6

5

10

5,843.066
17,780,543
3,741,020
15.306.527

Soranton—

Common————

325 000

Hamilton Nat Bank.

City Bank A Tr Co..
Beading Trust Oo.

Providence Bank
Scranton Nat Bk—

100

10.616,408

994,066

Commercial Nat Bk:

Bank A Trust Oo

Green Kldge Bank..
North Scrant Bk A Tr

Institutions

March 7

110

37

Worldngman's Savgs

B. Scranton State Bk
First National Bank.

State

6300

10

50

TENNESSEE

25

58
14

153
163
195

Beaumont—
American Nat Bank.

55

First National B

36
60

Secur St Bk A '

2,239,847

5,730,255 108,416,317
51,894
1.390,304

20
100

n

8,000,000
25.000

t

n

i

N

100
100
100

400,000
400,000
200.000

.

499,854
732.170
68,752

11,427,177
12,579.168

o

rec ent
sa

lee

15
Dallas—
First National B

.

Hillcrest State Bank.

44

45X

Liberty State Bank:

Common

N<UMarch7nkS RHODE ISLAND 10

150.000
77.700

Oapital notes
Mercantile Nat BkMarch 7

Oommon

1,100.000 1
900.000 /

...

4.000.000

.

Newport—

Nomi nal.

▲quldneck Nat Bank

Per

1

Common

252,356

6.201,185

/ 26

(

Preferred

share.

35

25

150.000
1.000.000

.

.

60
100

510.156
2,770,392

Common.

100.000
62,100

125,000
75.000

150"'

Providence—
Blackstone Can Nat-

500.000

1,060.651

7.162,776

25

78

84,142

1,695,310

(10

10

J

High St Bk A Tr Oo

110
221,408

Preferred
NatBank of OomATr

Phenlx Nat Bank—
Providence Nat Bank

Industrial Trust Oo.
Lincoln Trust Oo

Rhode 1 Hos Nat Bk.
Rhode Isld Hos TrOo
Union Trust Oo

350
150
850

1,677,705

50

120

\

208,760

J 25

18

J

4J92.781

„

^648,372

i

*

a

c




2,156,231

Jn 57,138

3,018,009

(100
50

jlOO
{ 20

29

Security Corp.

March 31, 1938.

Preferred stock retirement price.

/ Member of the Northwest Bancorporation.
2200

g

Affiliated with the Citizens A Southern Nat. Bank of Atlanta

i Common and preferred stock outstanding.

Hospital Trust Co.

n

257,921

185

37«
45
215

46 X

100

1

/ Last sale.

200.000 1

45^

Dec. 31, 1937.

k Stock all owned by the Rhode Island

....—

210

d A mutual savings bank.
e

Woonsoeket—

Preferred

43H

Sale price.

b Member of First

70"

Woonsocket Trust Oo
Common

x36X

t Citizens A Southern Bank of Savannah, Ga., system.
23

25

50
791,352
68
450
50 135
942,041
3,152,810
1,500
2,511,246 12,342,251 100 285
4.000
9,794,152 110,786,014 100 170
125..
189,287
25
1.465,795
30
2 500.000
2,973,886 48,247,880 *100
5.000,000 al2094998 42,143,160 1000 2006
1.000.000
1,379,497 23,327,188 100 135

160

12

elO

Mechanics Nat Bank
Common........

2.237,751

Jn 78,697

-

\

Preferred

26,791,920 i 20
U00
20
69,708,081
6,239,045 100
20
20.517.458

956,282

3,701,863
361,231
872,452

Columbus Nat Bank:

Common

J100

)!

e25

Common

58,847
479.691

Newport Nat Bank..
Newport Trust Co.

4,477,269

jn 123.706

,10°

March 7, 1938.

p

Affiliate of the First Bank Stock Corporation.
Kx-dividend.

x

Ga.

30

110

BANKS

National Banks

Surplus &
Profits

Capital

Gross
Par

Deposits

Bid

Lynohburg—
Nattona) Bank.

402,451

10,209,470

100

100

357,778
776,360

14,805,965
34,685,493

1,500.000 11,824,903
900,000
3,947
15,420
i
83,958
230.000 r

42,300,908

750,000
1.500,000

60

68

71

Preferred

-

Fraternal Bk A Tr Co

Union Bank A Tr Co

38

40

20

38

40

I

20

423,681
1,079,600

Ask

$
527,180

7,721,259

100

600,000
500,000

493,698
353,641

4,107,262
3,930,841

60

100

131,785

100

%

Trust Co

People's Nat Bank..
Depositors Industrial
Loan Bank

1 147 H

120

132^

5

100.000

Lynchburg Tr & 8 B.

300,000

82,288
95,345
470,568

259,201
650,100
3.182,459

250,000
2,500,000
1,500,000
Southn Bk of Norfolk a
162,100

441,786
874,894
872,758
70,277

3,532,117
31,108,797
15,889,982
1,401,715

100

200,000
276.000

192,044
78,255

2,352,198
2,522,866

10
10

500.000

354,708
79,746
261,833

6,094,082
1,061,552
2,495,824

50
100

re

cent

100

sa

les

837,082
932,464
64,908
3,570.100
137,238

9,768,545
18,038,719
752,522
61,971,629
2,085,373

1,250.000 ,1,136,162
1.750,000
200.000
493,023
Southern Bk A Tr Co
200,000
159,693
Virginia Trust Co
al.100.000 1,109,318

45,167,797

12i2
.100

3,371,075
3.561,187
5.545,449

25

"75"

15

25

a

loo"

100

125

Merch & Planters Bk
Nat Bk of Commerce
Seaboard Citz N Bk

354,955
338,775

200,000
200,000

City National Bank.
First National Bank.
Hutch in gs-Sealy
National Bank—
U S National Bank-

15,089.640
4,842,589

100
100

437.025
698,200

8,655,794
9,648,251

I

100

240
117

25

33

50

250
118
34 H

No
re

750.000
500,000

5

Norfolk—

10

Galveston—

100

cent

sales

Petersburg—
Citizens Nat Bank-Petersb Sav A AmTr

50

10
7

10
7

Portsmouth—

Houston—
300.000

a

133,123

4,877,448

500.000 \
100.000 J

Oitlsens State Bank.

204,468

11,292,355 I

100

American Nat Bank.

100

20

28

Cltlsens

City National Bank:
Common
Preferred

31

tlOO

.

3.000,000 11,649,815
2,125.000 J

Common

Preferred

,.v:-J

Houston Nat Bk—

Common
Preferred

Second Nat'l Bank..
Nat Bank of Comm.
State National Bank

Union National Bank
South
Texas
Com
merclal Nat Bank.

Fldelity Trust Co
Guardian Trust Oo.
Houston Land A Tr

632,500 \
378,297
367,500
1.000,000
a3,000.000 2,786.397
310,579
a1,000,000
1,000.000 1,271,744

11,576,095

49,482,756 1100
1100

iil 6o"
105

95

\125
100

225"

245"

100

325

350

100

130
190

205"

100

250.000 g
449,000 g

a

600.000

Central National Bk.
Consol Bk A Tr Co..

1,000,000
80.000
3,000,000
200,000

1,500,000 2.030,346
200,000 / 269,251
600.000 /
760,007
464,018
al.500.000

38,400,609
144,983
6,698,347
5,165,370

100

First A Mer Nat Bk.
Mech A Mer Bank..
State-Planters
Bank
A Trust Co:

Common

250

275

100

100

Preferred

__

315.000

Port Arthur—
First National Bank
Merchants Nat'l Bk.

100,000
200.000

538,875
287,686

100

90

110

90

100

500.000 I

654,773

5,019,108
4,733,912

34
23

20
10

37
25

"45*

46"

15

20

17

100

86"

50

155"

"146"

5,195,364 (100
1100

103,048

335,000

—

—

N o

20

,

Sav Bank A Tr Co..

Nat Bk-

Common

Preferred

Oo_.

Bank of Comm A Tr

160

13,667,732 (100
27,860,331
37,637,875
8,790.843
26,398,222

Trust

Merch A Farmers Bk

Richmond—

First Nat Bank—

San Jacinto

Bid

Nomi nal.
Per share.

Com'l Tr & Savs Bk:

20

f

Ft Worth Nat Bank:
Common

Par

Lynchburg Nat Bank

Fort Worth—
l

Gross

Deposits

1,000,000

First

22,019,903

Institutions

March 7

Surpltis &
Profits

Capital

Ask

1,085,595

State

VIRGINIA

March 7

A

Continental Nat Bk.
First National Bank:

COMPANIES
National Banks

Nomi nal.
Per share.

S
300,000
300.000

El Paso—
El Paso Nat BankState National Bank

TRUST

State Institutions
Dec. 31

TEXAS

March 7

AND

Roanoke—
Oolonial-Amer Nat B
First Nat Exch Bank

500,000
1,000.000
800.000

Mountain Trust Bk.

100

351,877
1,624,974
337,511

g

50

70

100

225

100

5,794,285
24,902,780
4,213,433

90

625

100

San AntonioAlamo National Bk:

Common.

...

930.000 J

Preferred
Bexar Co Nat BankCommon

200.000
92,800

129,610

1.200.000

1,239,561

.......

Preferred
Frost National Bank

17,475,180 /100
1100

Groos Nat Bank—
Common
Preferred

350.000
125.000

■

Nat Bank of Comm. al,000 000
National Bank ofFort
100.000
Sam Houston
Ban Antonio Nat Bk
400.000
South Texas Nat BkOommon
300.000

Waco—
Cltlsens* Nat Bank-.
First National Bank.
National City Bank.

250.000

2,544,151 (

50

44

52
d50

5,280,657 rioo

230
105

90

1100
786,273

20.503,458

100

175"

dlOO
250

55,901
70,646

1,602,197
4,247,931

100
100

115

145

306,061

3,903,745

100

324,485
478,275
71,469

7,895,313
10,308,098
805,582

WASHINGTON

.

\ 50
35,660,237
looi 200

104,076

National Banks
March 7 -

125

115

50

100
50

160

170

State Institutions
March 7

Nomi nal.

Seattle—

Per

Seattle—First Nat Bk

8,000,000

Nat Bk of Commerce

Peoples N B of Wash.
Sumitomo B of Seattle

2.500,000
2.500,000
1,350,000
200,000

University Nat Bank

400.000

134.982

Seattle Tr A Savs Bk

550,000

447.921

Pacific Nat Bank

4,947,086 135.986,514 i 20
3,653,997 67,551,113 c 25
100
1,189,382 19,362,910
20
715.407 23,488,775
100
100,489
2,380,618

100.000

National Banks

100

;,V.

a

First Security Bk NA

a

Salt Lake City—
□ontl Nat BisATr Co

a

Bank

a

Utah State Nat Bank

a

First

National

—

-

—

Capital notes

5,773,033
19,077,458

900,000
750,000
750.0(H)

12,398,730
15,607,239
15,457,264
14,347,521
2,961,250

100

55

100

155

100
100

180

300,000 /

342,598
847,918
828,488
1,070,503

221,431

1.500.000 \f 630,470
400.000 '

March 7

VERMONT

2001
200
120

190

100

U-

70
185

100
82

90

mmmmmmmm

500.000

5,449,826

112,512

550.000

a

556,458

100
N

100

200,000

586,255

7,701,888

17,457,288
5,685,621

100

310,000

sa

les

100

1,037,510
235,404

o

rec ent

20,016,167 J100

450.000

Washington Trust Co
Tacoma—

n^March™** WEST VIRGINIA

25

175
18

160
16

March 7

^
Nomi nal.
Per share

Charleston Nat Bk:
Common
Preferred

1.062,500
600.000
500,000
65,000

20,606,354 (

J 1,149,013
j 322,528

25

\ 40

KanawhaBkgATr Co
Common

Capital notes
Kanawha Valley Bk.
Nat Bank of Comm.
Central Trust Co...

Center Wheeling
Cltlsens Mutual
Co

■■

1,000,000

1,331,579
75,462
281,891

200.000

500,000

4,930,838

{100

N

0

re

cent

20,572,843
2,957,000
s
643,578

loo

sa

les

100
100

1,123,741

100

492,752

4,887,508

100

75

449,650
500.000
500.000

1,600,000
4,698,202
4,969.648
1,107.832
5,001,983

25
100

"75*"

300.000

81,000
533,905
518,546
144,549
743,515

1.800,000

a

81,757

600.000 p

Say

2,454,847

18,752,774

150,000

........

90

Half Dollar Trust A

Slate Institutions

Sav Bank

Dec. 31

Per

share.

474,518
230,700
153,652

3,504,814
2,737,242
1,921,880

100
100

668,505
463,604
80,927
235,114

6,166,532

100
40

re

cent

3,347,914

100

sa

les

407.500

208.356

2,466,039

100

150.000
180,000
100,000
614.951

211,239

2,626,794 /100

92,408
224,281

1,883,840
1,322,765

100

272,915
142,012

2,841,560
970,500

100

a

Nat Bank ofWVa..
Nat Exchange Bank. i
So Side Bk A Tr Co.

Security Trust Co..
Wheeling Dollar Savs

100.000

100
100

275

100

130

155""

90

100

95
•

305""

100

5,994,466
624,089

200.000

People's Nat Bank-Quarry S Bk & Tr Co

25
56

20
50

Wheeling—

Nomi nal.

Barre—
Granite S B Ik Tr Co

28

20

Charleston—

100

27,121,421 1100

1:
National Banks

-

145

24

100

e hare.

100

1,000,000

-

Walker Bk A Tr Co:
Common.

Per

K.

545,000 / 333.805
979,000 1,220.621

Eton's Sav Bk A Tr
Utah Sav A Trust Co

—

140
r

Spokans—
First Nat Bk in Spok
Old N B A Un T Co.
Common
Preferred

Nomi nai.

Ogden—
Commercial Sec Bk.

mm

State Institutions
Dec 31

UTAH

March 7

70

65

100

m

6,074,192
7,557,889

Nat Bank of Wash.. al ,425.000
Puget Sound Nat Bk a 770,000

925,000

share.
29

28

204.500

115'"

150

A Trust Co

140

100

Burlington—
Dhlttenden Co Trust
BowardNatBk&TrCo
Merchants Nat Bank

491,500
600.000
150.000

Burlington Trust Co. al.085.961

Montpeller—
Capital S B A Tr Co

N

o

Common.

...

Preferred

Rutland—
Clement Nat Bank—

Killington Nat Bank
Rutland Co Nat Bk:
Common..,
Preferred
Rutland Trust Co—




\100
20

Sale price.

a
a

*

Common and preferred stock or debentures outstanding.

& Member of First Security Corp.

First National Bank:

Montpeller Nat Bank
Montp'r 8 B As Tr Co

t Stock of South Texas National Bank of San Antonio, Texas, all held

by Central Securities Co. with exception of directors' qualifying shares.

c

25

Member of the

30

10

0

100,000

118,551

2,980,730 flOO

153,865

2,041,072

\100
100

Member of the Northwest Bancorporation.

Dec. 31, 1937.

h Dec. 31,1936.
o

cent

125,000
a256.500

Bancorporation.

/March 7, 1938.
g

150.000
100,000

Marine

d Preferred stock retirement price.

,-j_-

les

•

1 Member First National Corp.
k March 26, 1938.
I Last sale.
n

o

Preferred stock retired.

Controlled by the Joseph F. Meyer Interests.

p March 31, 1938.
r

Member

People's Corp.

Trust
u

funds.
Reserves.

x

Ex-dividend.

.

.

■

.

CvV

National Banks
March 7

111

TRUST COMPANIES

AND

BANKS

June, 1938]

State Institutions
Dec. 31

WISCONSIN

Canadian Bank Statements
Surplus &
Profits

Capital

Returns

Gross

Deposits

$

$

are

all of Mar.

31, 1938. Prices are per cent, not per share.

Ask

Bid

Par

Nomi nal.

%
500.000
al25.000
400,000
100,000

La Crosse—
Batavian Nat Bank.

Exchange State Bank
Nat Bk oi La Crosse.
State Bk of La Crosse

4,649,999
1,237,424 100
6,166,175 slOO
2,746,914 100

257.196
43,064

278,876
159,430

Per

•

share.
22 X

20

20

N

0

re

cent

sa

les

NOVA SCOTIA

Milwaukee—
Amer State Bank

City Bank A Tr Co..

a

2,169,777
3,078,524

110,747
119,777

200,000
350,000

16
40

20
100

Gross

Surplus &
Profits

Capital
19

Par

Deposits

50

Ask

Bid
Per

$
$
Bank of Nova Scotia 12,000.000 24,000,000 244,044,901
Halifax-

*

cent.

300

100

h

First Wise Nat'lBk—
Common.........
Preferred
Home Savings Bank.
Kilbourn State Bk__

5,000,000 16,334,204 197,208,126
8,500,000
1,982,337
125,416
«350,000
49,193
1,656,430
100.000

{.!

1,364,589

3M

3H

100

37,286,906

20

20

~~16

"20

ONTARIO

20

Lincoln Stats Bank:

100,000
300.000
2.200.000 S2.176.278

Common

j 35.906

Income debentures

Per

Toronto—

cent.

255

100

1,821,625

~100

51,634
83,200
855,053
234,655
721,698

2,050,722
1,983,546
4,645,536
3,896,860
3,876,872

20

State Bank of MUw.

a

Teutonia A veStateBk

West Side Bank
Wisconsin State Bk.
First Wise Trust Co.

550.000
466.700
400.000
300.000
1.000.000

C

250
162

163

7,000,000 114,124,627
8,non,000 126,163,531

100
100

224

230

100

202

100
100

160

Dominion

18

16

100
100

5,000,000 128,140,988
Banque Canadlenne.
750.000 14.989,003
Barclays Bk (Canada) 1,500,000
4,000,000 1,000,000 47,633,900
Provincial Bk of Can
Royal Bk of Canada. 35,000,000 20,000,000 703,924.115

44,698,515
1,725,336
1,740,904

34 M

32

20

Marshall A Ilsley Bk 02,985.000 /1,465,040
12,702
Mitchell St State Bk. a
596,000
Northern Bank.....
100,000 /
30,114
115,979
Park Savings Bank.. a 539,500

6,000.000 9.000.000 117,890,462
Bank of Toronto..;.
Can Bank of Oomm. 30.000,000 20,000,000 515,854,002

Bank of Montreal... 36,000,000 39,000,000 683,925,337

Marine Nat Exch Bk

7,000,000

Bank

Imperial Bank of Oan
45

7.000.000

"55"
6X

5X

20

6

100

150

20

•30

QUEBEC

7
200

32

100

Per

Montreal—

7,000.000

*

a

Common and preferred

c

WYOMING

e

250.000
300.000

American Nat Bank.

Stock Growers N Bk.

266,408

5,851,317

100

mm

7,396,913

100

...

s

Quotations are for the last day of the

Bid.

Bonds

100 H
100 M

Atlanta 3s
Atlantic 3s___

45
45

Burlington 5s

"".Till,

California 5s_I

31

Central Illinois 5s
Chicago 4j^s and
5s and 5 Ms—
Dallas 3s

102

6X
6X
102

4M»

Denver 5s
First Carolines 5s

_

First of Fort Wayne 4Mb.....
First of Montgomery 5s
First of New Orleans 5s
First Texas of Houston 5s
First Trust of Chicago 4 Ms

tjfc:::::::::::::::::::::
-

■

86

-

99
88

i

87

100 x
91

86
99 X
100
99 X

89

York 5s

North Carolina 5s

88

z

nix-dividend.




Par

STOCKS

100 x
101

100
100
100
..100

Atlanta..

101

Atlantic

Oregon-Washington 5s

32
101

102

100 M
100 x

Pacific Coast of Portland 5s

101

100 X

Pacific Coast of San Francisco 5s.

100

100 x

Pennsylvania 3 s
Phoenix 4Ms

100

101
105 X
107 X

25

1U0

...100

4

.....100

Lincoln

104

45

20
45
1

Dea Moines.

Pacific Coast of Salt Lake 5s

100
100

New York

............

106

5s
Potomac

99 H

3s

St Louis 4Ms and
San Antonio 3s

f

5s

„

100 X
31

100 x
65

...

Southwest 58
Southern Minnesota 5s

28

'mmmmm

/

101M

15M

17 X

70

First Carolines
Preemont

100
.................100
North Carolina..
.100
Pennsylvania
100
...

...

Potomac

30

38
78

Denver

Dallas

........

San Antonio—...

Virginia
Virginia-Carolina

,:T' j1i'*'■;

/ Flat price,

100

-

Pacific Coast of L A 5s

101
102

■

99M

Virginian 3s
Virginia-Carolina 3s

100
102

ioim

.'/>/

98 X
99 M

4Mb.

5s

92

101

36

102 x
78

/

Bid.

Bonds and Stocks.
Union of Detroit

89

90

4Ms
New

"•

Ask.

100

City 4MS——

5Ms

Bancorporatlon.

Ex-dividend.

Ohio-Pennsylvania 5s

79

5s
Greensboro (NO) 3s
Greenbrier 5s

5s

x

100X

101

Fletcher 3 Ms
Fremont 4

Bid.

Lafayette 5s
4 Ms
Lincoln

Bankshares Corp.

month preceding the date of Issue.

Illinois Midwest 5s
Iowa of Sioux

172

stock.

March 31, 1938.

Bonds,

Ask.

115

171

stock debentures outstanding,

Member of the Northwest

I Last sale.

mmmmm

.

-

113

100

/March 7, 1938.

Per share.
296.306

-

100

June 30. 1937.

d Unit of the Wisconsin

Ohejrenne—

cent.

206
161

Sale price.

t Wisconsin Bankshares Corp. no par
National Banks
March 7

220

.100
......100

..5
100

82
50
7

2X

4

6

10

12

57

62

20
75

25

50

55

IX
70

80

IX

Quotations

Bonds.

are aa

Bid.

Albany Metropolitan 5-6s 1949..
Alden 1st 3-5s 1957
F&A

603*

▲Hereon 55th St 5>*s

near as

Ask.

55

▲llerton N
New

cum

6234

30

1945..-F&A /

Y Corp
income 2-6s 1955

/

13

15

J& J /

97

J&J /

94
56

Ambassador Hotel (Los Ang)—
Non-cum Inc. 3-5s 1950.-A&O /
Amer Insur Un Bldg 6s '41.MAN /

56
42

58

Allied Owners Corp
1st Income 4-5s 1958
Debenture 2-4s 1963

39

Arcady-Wllshlre Co (Los Ang)—
Non-cum inc 5s June 11949J&J /

26

Bid.

18

1st mtge coll 534s 1957—J&J
Cum income 6s 1957
A&O

60

Greeley 8q Bldg 6s 1951

/

50
30

37

6s 1957.M&S /

8

12

Assoc Realty Bldg iLos Angeles)
Income 5s 1948 (w-s)
J&J /
Baker Hotel 'Dallas)—

Harrtman Bldg ttt I951-.
M&N
Hartford Times deb 4 3as '51 M&N
Hearst Brisbane Prop—

46

48

80
94

83

non-cum inc

1st s f 5s 1950 (with stk) _F&A
Bait Parcel Post 53*s 1949
Bauman
(Ludwigj—
1st 5s (Brooklyn) 1947.._.i—
1st 5s (Long Isld) 1951

Beacon Hotel inc 2-4s Apr 1958.

-

/

1st

Ben] Franklin 6s ctfs 1933
Berkeley-Carteret 5 34s '46-M&N
Bing & Bing deb 634s 1950 •'AS,.
Income 7s 1950 w-s
.M&S /
Book Tower (Det) 2-5s '52.-J&J /
Boston Parcel Post 3s Oct 1945__
Boston Postal Serv 53*s '38.J&J

B'way Barclay Office Bldg—
1st. 2d 1956
/
Bway Mot Bldg «N Y) 6s '48 F&A /
Bway & 38th St 7s 1945
J&J
Bway & 41st St Bldg 3-5« 1944-/
Bklyn Fox Corp inc 3s Oct 1..
/
Brown Hotel 'Louisville)—
1st sinking fund 5s 1949.
----

-

-

2nd income 6s 1949

82

1st mtge leasehold sf 3s '64. J&J
Park Place Dodge Corp 6s vtc '52

26

26

28

25
37

40"

37

40

3*

leaseh

Kp

J* P

1048

Feb

6s 1st fee & leasehold 1942
Herald Square Bldg inc 6s 1948—
1st s f income 5s May 1 1948...

8*
33

64

3534

102

103

44

46

45
45

934

16

25

26

2434

2534

1634

1734

Hotel St George 4s 1950

42

63

66

Hotel S\racuse inc 3s 1955
Hotel Taft Corp (N Y O)—

50

28"

—

5s 1947.—...—..-..F&A
Insurance Exchange Building

18
1834

(Boston)

42

44

60

1st 634s 1943—-F&A
Keith Memorial Bldg 6s 1943
Lake Sh Ath Club (Chic) 634s '45
LaSalle Wacker 5s fixed

49

1534

75

Units.
Lawrence Hotel 'Erie, Pa.)—
6s 1948
M&S

32

Lefcourt Manhat Bldg—

9

"9M

60

—

2134
6134

934

...

63

1034

9934
25

1st 4-5s ex ten to 1948
Lefcourt State Bldg—

27"

4334
54

35

--

_

Cleveland Theatre gen 5s 1944—
Colonade Construction—
1st sf 4-4
s 1948.
A&O
Colonial Apartments 6s 1937

12

54

Loews Theatre

1634

85

51
163*
53*

53

53

62

46
9834s
83

48

44

46

50

55

113*
12

7

§t*

14*

75

Eastern Ambassador Hotel units.

Kdgewater Beach Apts 6s to 4H
f
Liquid Tr inc 5-6s 50- Ann Oct /
Edgewater Beach Hotel (Chicago)
-

28
45
26
25
25
43*
32

35

1946

93

73

60

9034

75
72

74

7534

20

22

9734

99

Munson Bldg (N Y) 63<q'39.M&N
Nat Hotel of Cuba 6# 1969.M&S

22
1

3

40

Nat Press Bid 3-5s 1950 (ws)

70

72

5934
23

Adj mtge inc Apr 15 43*s 1950.
Natl Tower Bldg 634s 1944 A&O

1434

16

20

40

42

35

333*
7
10

Neisner *ro» Realty, Inc—
Conv s f -le* «• 1Q48
j&Di «
N Y Athletic Club 2s 1946—A&O

90
21

14

9334
2234

1st mtge 2-5s 1955
J&D
N Y Majestic Corp 4s (w-s) 1956
N Y Postal Service Station—

24

26

45

47

44 34

1952

46 34

Ferry Sta P O (San Fr) 6s 1934-. /

25

Film Center

37

Bldg 6s 1943.-A&O
5th Ave & 28th St Bldg 6 34a 1945. /
5th Ave & 29th St Bldg 6s 1948...
5th Ave & 55th St Bide 634s 1945.
15 Park Row 4s w s 1952
/
50 B'way Bldg 3 6s 1946—.M&« /
51 Fifth Ave 4s 1943
A&O /
52d & Madison Office Bldg—
1st Leasehold 3s Jan 1 1952
65 Fifth Avenue 6s 1944
M&N /
500 Fifth Ave 634s 1949
J&D /

/ Flat price.




33

46

B-K
C2
CW-1
FI

19th & Walnut

1st

cum

7
40

4834
3134

77

k Last sale.

Income 3s w-s 1951
/
10 East 40th Street Bldg 5s 1953.
Non-cum Inc 6s 1958
M&S /
1088 Park Ave Bldg 6s 193Q
/
1088 Park Av Corp 29*-5s'53 M&S /
Textile Bldg 1st 6s 1958
*iaN /
Gen 7s s f w w 1948
M&N /
_

1st 4«5s (w s) 1958

Textile Crafts Bldg 6s w

M&N

......

........

12124-34

Bway Bldg 5?*a...l943

40

45

60

62

6

8

40

M&N

35

s f 6s '51. .M&N
103 East 57th St Bldg 6s 1941
110 So Penn Ave (Atl City)—
6s 1944
J&D

43

166 Broadway Bldg 634s *51
General s f 7s 1941.
F&A
170 Broadway-Maiden Lane

40

One Park Ave 2d

14

51

98

ltH
22
263*

75

3

F&A

f'
9
1

1041

61

92

St

Sta PO

42

10

12

41

42

(N

Y)

m-

57

Walbridge Bldg (Buffalo)—
3s with stock 1950
Waldorf Astoria 7s w W1954.M&S /
Non-cum Inc 5s 1954
M&S /
Wall & Beaver St Corp—
1st 434s w-s Nov 1 1951...J&J
Warner Bros Hollywood Thea—

1st 634s 1941

65

f

36
2
363*

Wabash-Monroe Bldg 6s 1953 J&J
Wadsworth BldgiNY) 6s *53 A&O

<

.A&O

4
32

28

VanderbiR Ave Bldg Uorp—
1st leas hold 6t4s 1944.. J&J 15 /
Van Sweringen Co—

Varick

18
18

783*

37

2480 Bway Bldg 2d mtge 3s 1944Tyler Building—

1st & coll a f fla 1938.. ..A&O
Van Sweringen Corp 6s May 1 *35

30

18

1944..

s

Trinity Bldg 534a 1939. .1 J&D
Trinity Court Bldg 4s 1941.M&S
Stamped
Unstamped
2 Park Ave Bldg 4s
1946
23 Lexington Ave 2s 1950
f
29th St Towers Bldg 3s 1942
/

1st 6s 1935

20

Bldg 634s stamped 1949
85

98

M&S

21

J&D

.

534

1947

5034
4134

income 534s 1945. J&D

1st 6s 1943

5s

19

......

North Station Indus Bldg
1st m s f 5s 1962
Oliver Cromwell 6s 1939

633*

„

3034
2934
49 X
3934

St'(FU&~)~6s 19391

534» 1943

11

|

M&S'

« Nominal,

series
series
series
series

39

1900 Rittenhouse Sq 'Phila)—

8
5
3834
74
16
34
2734
4 54

A&O /

Academy of Music

534s
534s
534s
534s

conv 6s '33.J&D /
Syracuse Hotel 1st 3s 1955
Taft Rlty (New Hav) 6s'40 A&O /

Strauss-Manhat

Gen inc 6s July 1 1953 (w a)...
U S Realty & Impt 6s 1944......

3734

30"
42

26

1941.A&O /

1Q41

52

15

.

1st'oasehnM

35

33

42 Broadway Bldg 6s 1939
J&.T|
48 St Real'n Corp l-4s. .Mar 1952 /
1400 B way Bldg 6 34s strn 1948
1f

Fox New

24

46
2934

-

1410 B'way Bldg 3*4*

534

Olympic Hotel 'Seattle)—

-

Fox Det Theatre 6s 1942

22

/
/

1st mtge 6s 1943
A&O
40 Exchange Place 5 34s 1958.J&J
40 Wall St Bldg 1st 6s 1958
-

23

49

F&A

534 s series B-I

/

1500 Walnut Corp (Phila)—
1st 6s 1950
1512 Spruce St (Phila)—

2134
m

New York Title & Mtge—

32 34
5J
11

27
40

534s 1937

33*
103*
103*
21

..

5834

93*

/
/
/
/

^

15

Deb 5s Legended

M&N /

'Boston)—

78"

33

A&O /
Eppley Hotels 1st sf3-5s 1951 J&J
Equitable Office Bldg 5s 1952

J&D

534s

88

53*s'41-.M&S /

John St extd 4s 1950

534s '45

1st 6s 1943
..M&S
StevenB Hotel (Chic) 6s 1945-J&J
Certificates of deposit
Income 5s W-S 1956
Stone & Webster Bldg

Park Place Corp 4s 1948
West 42d St 4« 1945-.
M&N /
Broad St Inc 4s Nov 1 1956... f

Cum inc deb ext

86

Est

834

90

>r

88

Real

State-Randolph Bldg 'Chicago)—

7

Metropolitan Corp (Can) 6s 1947
Metropolitan Playhouses—
Debenture mtge 5s 1945.-F&A

534

46

..

1942
Steuben Bldg 'Chicago)—

8734

42

323*
13*
27
95

^Ky).

534

64

27

18
40

—..J&J

434

85

26

1953

Speed Building 'Louisville,

10

Stanley-Mark Strand 634s 1941
29

60

1948

3

M&N

Stanley

M&S

f 6s

12
12

25

Sixty-one Broadway Building
334s 1950 with stock
A&O /
Income 3-3 34s stpd 1955
/
616 Madison Ave Bldg
1938. /
Southern Hotel (Memphis)—
6s

M&N

s

13

J&D
J&D

com stock
6s debenture 1951
Sevilla-Bilt Hotel 734s'37

Income 5-6s 1945

5

Merchants Nat Prop 4s 1958(w s)
Metropolitan Chain Properties—
conv

13

243*

20k

32

27

Marry (The) 6s 1940——F&A
Mark Hopkins Inc—
1st income 6s Feb 1 1952..
Marshall-Wells Buildings—
1st 634s 1947
-F&A
Mayflower Hotel( D O) 5s 1950..
Mercantile Arcade Bldg (Los Ang)
1st s f 534s 1953
J&D /
Mercantile Properties, Inc—
Ser ef5V4s 1946
.J&J

1st

Without

45

—

33

89

6s

1934

8
20

Sherneth Corp—
2s with stock 1956
60 Park Place Bldg 3 V*s-5s..l947

I*

Mtge cum inc 3-6 34s 1957M&N
Majestic Apts 4s (w-s) 1948 stmp.
Manhattan
Towers—
1st

29

ShHlhuri»,ino<AtlOy)b>*a'40-J&J jf

71

Hnr«l g m HHi '46 A&O
Lord Nelson Hotel s f 4s '47.M&N
Lords Court Bldg 53*s 1942. J&D
Madison Inc (N Y C)—

70

6334

18*

Ixwl Hal*

18

21

463*

1st s f 534s 1945
J&D
3s with stock 1956
Schulte Real Estate 6a 1935—
With stock
J&D

19

Rlty 6s '47 M&81ft
Lombardy (The) 6s 1942—M&N
London Terrace Apts—
1st & gen 3s (w-s) 1952

90

55

Congress Square Hotel 'Port Me)
534s 1946
M&N
Court & Re
afr 'Hronkbn)
Bldg Corp 1st s f 33*-5s.__1940 /
Davidson K'lty 6s w w 11)40 A&O
Detroit Hotel 6M to 1941. M&S /
Dorset Hotel 1st partic 2s 1957—
Drake (The) 6s 1939
M&N /

11
11
80
80

9

50

Midland Theatre
Office Bldg 6s, 1941-M&N
Loew State Bldg (Los Ang) 6s '42

5§*

534s 1938
A&O
Savoy-Plaxa Corp 6s 1945—J&D

49

&

48 H

M&S

St Louis Post Offices—

Loews

Cambridge Court Apt 63fs 1937Cent Manhattan Props 5s'46M&S /
Central Zone Bldg inc 6s 1941
/
Century Parkway 6s 1956
Chain Store Depot 6s 1940
M&S
Chanin Building—
1st Leasehold inc 4s 1945.M&S /
2d Leasehold inc 2s 1945.M&S f
3d Leasehold inc 1st 1945.M&S f
Chesebrough Bldg 6s 1948--A&O
Chicago Evening Amer 6s 1938.
ChicHerald & Exam 634s '50 M&S
Cigar Stores Realty Holdings—
8 f dep 534s 1949 ser A
J&J /
Circle Theatre extd 6s 1946.M&S /
Cleve Term Bldg 1st 6s 1941-J&J
Stamped
f
Unstamped:
/

Deb 5s series A 1959

income deb 6s ser B 1959.M&8
Robert Treat Hotel 'Newark)—
6s 1943
J&J
Roxy Theatre 1st 4s 1957
Russ Bldg. 'San Fran.)6s '51 F&A
Kuaneks 5th Ave Bldg 6s 1944.
St '"har'e* Hotel 'Atl
Oy) 4e 1945

4

3434

.F&A /
Mtge & Title—
Guar 534s ctfs of deposit...... /

2

common

56

Lincoln

Bush Term Bldg 1st fie 1960-A&8 •
Butler Hall 4-5s 1947
J&J

14

22

Engl Theatres 5s_1958

3

54

Income 5 34s w s 1963

102

New

53

42

Extend 1st 4-6 3*s 1948
Lewis Morris Apts 1st 4s 1950
Lincoln 42d St Corp—

102

75

57
34

...

42 %

38

434
2234

3*
6834
Gen Income 5s 1983
M&N /
1234
Provident Loan Society 6% ctfs.. / 10334
Prudence Company—
55
534s stamped 1961
5 V&s unstamped 1961
69
..i.'*
Quincy Station P O (Chicago)—
6s May 1 1941
41
JVf /
1st extended Inc 5t 1950..J&D /
423*
Realty Assoc Sec Corp—
Income 5s 1943
/ 41
Repub
Bldg(Denv) 3-5s'49.M&S / 6234
Retail Properties—
Poll

Hotel Governor Clin 6s '48.A&0/
Hotel Lexington (N Y C) Inc—
Cum income coll 4s 1955—M&S /
Cum income deb 4s 1955. _M&S,/
Hotel ShermanJnc 1st 5s 1957

8

Voting tr ctfs for

59

22
15
32

.

Pennsylvania Bldg 6s 1939
M&N /
Philip Schuyler 6s serial C-Ds—„.
Pierrepont Hotel 3-4s 1951
Pitts Hotels Corp 1st fi V*e
Mtge cum inc 5s May 1962—- /
Conv cum inc deb 5s May 1967
*

Hotel Drake Corp inc 5s '53 F&A

54
60
13 34

87

Bryant Pk Bldg (NY) 63*s'45J&J
Budd Realty 6s June 1941.-J&D
6s Sept 1941—
M&S

m

35
43
63

Paramount Bway Corp.—
1st M s f 3s loan ctfs 1955 F&A
Park Central Hotel 6s ctfs 1935- /
Park Oresent 1st 6s 1940..-M&S /
Park Lexington Co Inc—

31

Common stock

J&D

1935

Palace iiotel(San Fr) 5s '45
/
Vantages 'Alex) 6a to 1947.M&N

Graybar Bldg (East Offices Inc)—

Belle vue-Stratford 'Phila)—

5«s

534

834

22

.

bta.

734
36

Arrowhead Lake—
1st 7s 1944-1947.-.
J&D /
Assoc Chain Store Realty—

Adj

Bonds.

434

5Ms to 1940
J&D/
George Washington Hotel 6s 1944
Certificates of deposit
Granada Apt Bldg 6s 1938..M&S
Grant Bldg (Pittsb) 7s *47— F&*
2J4s 1957 (with stock)

28

Ask.

Orpheum Theatre & Realty¬
's 1946
M&S /

1st 2 34-4s (w-s) 1947
1944
J*J
Gair Realty Corp 5s 1948.—J&D
Garrett Buildings (Chicago)—

41

_

Bonds.
Fox Theatre & Office Bldg
Income 3s 1957
Fox St Louis Theatre Bldg—
1st s f 6J4s 1942
f
Fuller Bldg (GAP Realty Corp)
6s

58

Arcade Bldg & Rlty < Seattle)—
3-6s 1948
J&J /
-

possible for the closing day of the month preceding the date of issue.

M&N

18

24
18
20

763*

Washington Properties Inc 7a 1952 / 46
66
Westinghouse Bldg 4s 1948.A&0
Whit*-. Motor Realty 8s 1940....
101
40
Woodbndge bldg 6H" '41..A&0
7a 1940
50
A&O

J une,

(Concluded from

sion of the'Anglo-American

18)

page

in Washington.
The change of sentiment toward the
contemplated agreement found expression in the House of
Commons on May 24.
Oliver Stanley, President of the

in

Trade, promised protesting members of the Com¬

that the government would take the commercial

mons

trade

factor

with

United

the

States

into

Call money against
Two-, three- and
9/16%, and six-months' bills were
%%.
Sterling cable transfers sold on May 2 at $4.89%@
$4.98%, and on May 31 at $4.94 11/16@$4.95%. The low for
sterling in May was $4.93 7/16 on May 25, and the high was
$4.99% on May 4.
money rates were

trade agreement under discus¬

sion

Board of

deficit

consideration

as

a

course

the first four months of this year amounted to

supply at %%.

were

Mean

The balance with all British

period increased £22,000,000.
countries improved

by £3,000,000, and with other countries
by nearly £2,000,000.
There can be no doubt that the Brit¬
ish rearmament program, calling as it
of raw materials and foodstuffs, was

did for heavy stores
the most important
factor in bringing about the adverse balance.
The business
forecast by the Federation of British Industry for the
second quarter of 1938 stated that while business in the
United States continues depressed forces that are making
slackening in

a

to

world trade activity

are

likely to con¬

London

London

London

Open Market

Check Rate

Open Market

on

Parts

Gold Price

on

Gold Price

Paris

May
May

—

177.65

140s.

Id.

2

162.97

139s.

6^d.

May 17...

177.65

140s.

l^d.

May

3

162.47

139s.

6J^d.

May 18

177.65

140s.

May
May

4

168.42

1398.

6d.

May

19

177.61

140s.

lMd.

5

178.79

139s.

6d.

May 20

177.60

140s.

May
May

6

178.12

139s.

8d.

May 21

177.60

140s.

l^d.
l^d.

7

177.79

139s.

8Hd.

May 22

May

8

May

I

SUN DAY

May 16

—

SUN DAY
177.60

140s.

4Hd.

May 24

178.35

140s.

4^d.

May 25

178.15

140s.

7^d.

139s. lid.

May 26

178.57

140s.

9d.

177.69

139s. 10^d.

May 27_._

178.80

140s.

9d.

May 13

177.67

139s. lid.

May 28

178.73

140S.

9d.

May 14

177.67

139s.

lid.

May 29

SUN DAY

May 23.

9

177.78

139s.

May 10

177.79

139s.

May 11

177.73

May 12

lOd.

9Hd.

.

_

SUN DAY

May 30.

178.18

140s.

5^d.

May 31...

SUN DAY

May 15

178.23

140s.

5^d.

gain headway.

Important changes in British gold policies were disclosed
May.
On May 7 the London authorities lifted the ban
on
forward dealings and loans in gold.
The ban was

in

imposed three

years

by

ago

dealings in gold in the London open market
the use of gold as collateral for bank loans.
The

and upon

restrictions

put into effect in order to check unwar¬

were

In commenting on the foreign exchange situation in
the Federal Reserve Bank of New York said in its

foreign exchange speculation at the time when the

May,

"Mopthly

Review" for June 1:
"A further French currency

of informal restrictions

means

forward

ranted

Mean

London
Check Rate

£17,000,000,

while the adverse balance with the United States during the

on

bills

LONDON CHECK RATE ON PARIS AND PRICE OF GOLD IN LONDON

It was
of the Commons debate that the

increase in the adverse trade balance with all countries for

tinue

steady during May.

bills was at all times in

four-months'

affecting negotiation of the reciprocal treaty.

pointed out in the

for

113

MONTHLY EEYIEW

1938]

devaluation, another Belgian

political and

exchange crisis, and another European war
made May an eventful month in the foreign exchange

scare

markets

liquid

as

funds

between New York

and

were

about

moved

Europe and

European capitals in large volume.
whole, largely as a result of the

currencies of former

Over

to the conclusion that with the de facto devaluation

situation on the Czechoslovak-German border/ the dollar
gained substantially against foreign currencies, the pound
sterling, for example, being quoted at $4.95 at the end of

European gold bloc were subjected to
heavy speculative attacks prior to tlieir eventual suspension
of gold.
Evidently the British monetary authorities came
franc

conditions

had

become

of the

The
lifting of the ban made it possible for the holder of gold
to take the metal to his bank

he

as

would

offer

other

nearly

more

normal.

collateral for loans

as

exactly

It is believed that the

security.

lifting of the ban will release much of the capital which has
been locked up in the form of idle gold held in the London
.

safe deposit vaults.
The new conditions in the London
gold market make it possible to use gold in a more normal
and free way for hedging of foreign exchange commitments.

the

were
was

With

regard

advances

to

against gold London bankers

were

of the opinion that there

would be

They

are

It

heavy demand.

no

discretion

to

as

still free to

use

their

the granting of such loans.

for some months that British banking
advising central bank officials to remove
some part of their gold holdings to other parts of the world
so that in the event of a major disturbance in Europe they
might have access to some gold reserves more safely located.
were

In this connection it

the

of Canada.

stored in the vaults of

Bank officials at

Ottawa refused to

aspect of the operations.

on any

Some

monetary experts believed that the gold was being sent to
Canada so as to be readily available if required for the
purchase of munitions and supplies in the United States.

Other Canadian authorities were of the opinion that the
gold was stored in Ottawa by the Bank of England for safe¬
keeping because of the unsettled state of Europe and the
danger of retaining a large supply of gold in London should
break out.

war

It

be safely

can

has been

eign

funds

amount

asserted that since August, 1937, there
appreciable movement of British or 6ther for¬

no

of

short-term

into American investments, although a large
foreign funds continues to be employed in the
market

in

New

York.

Despite

and foreign bank

and

of rentes,

in

that

any assurance of

business here.

the

London advices on May 27
Capital Securities Trust had obtained the

British Treasury's approval of inclusion of American securi¬
ties

in

this

unit trust

its

portfolio
was

subject to certain limitations.
When
June, 1936, American shares

formed in

The liquid funds thus

market induced

money

some

rise in

substantial fall in short-term rates,

a

depreciation

the value
of

a

of

Belgian

of

French

the

the

original

franc

to

a

level well

Belgian unit came at the

budget crisis, Which

culminated

in

the

resignation of the Janson Cabinet and the formation of
coalition

a

Premier Spaak.
The
French depreciation, together with the political crisis, led
to the withdrawal of foreign funds from Brussels, heavy
speculation against the belga, and a flight of domestic
capital into foreign funds and esp/ecially into gold in
London.
The National Bank of Belgium, after losing onesixth of its reserves of gold and foreign exchange in a
single week, raised its discount rate and restricted the
new

ministry

headed

discounting privilege in

by

reduce the

effort to

an

pressure

against the exchange.
of

slowed

of funds to France had

"The flow
middle

the

month

when

ment of funds to Paris

upturn

its

reduction in the discount rate of the Bank of France.

a

"The

time

notes for francs.

Paris

to the

restored

at current investment levels if there

stated

in

authorities

British,
heavy out¬
flows of funds during this period, as short positions in
francs were closed out, as commercial working balances in
France were rebuilt, and as small capitalists sold gold coin

national differences.

were

successful

buy gold and foreign exchange, estimated
have amounted to nearly 20,000,000,000

the reluctance
of unemployed foreign capital to seek American securities,
it is evident that European capital would enter this market
an

highly

was

francs, in order to supply the demand for francs.

below

the Bank

to

press

ceeded $100,000,000.

give out information

franc

and the French monetary

obliged during the first 10 days after the new rate

the price

was

the

response,

established to

developed in May that during the first
few months of 1938 there was an important movement of
gold from Great Britain to Canada, believed to have ex¬
This gold

a

Continental and American markets experienced

known

was

authorities

immediate

by

of

valuation

the

for

transactions.

as

May compared with $4.98 11/16 on April 30.
"The depreciation of the French franc from a level close
to 160 francs to the pound sterling to 179, with a pledge
that it would not be permitted to fall below that level, was
undertaken on May 5 as a deliberate step in the monetary
policy of the Daladier Government, but only after the
French Stabilization Fund was reported to have practically
exhausted its foreign exchange assets.
The reduction in

Before the lifting of the ban forward gold sales were per¬
mitted only if the buyer declared that he needed the gold
commercial

month

Genoa indicated

an

Premier

down

Mussolini's

by the

speech

in

unfavorable prospect for the success of

French-Italian negotiations pointing toward a settlement of

a

series

of

During the following week the
gradually came to

Czechoslovak-German

border

a

move¬

halt, and after

incidents

in

the

latter part

of the month, there started a general movement
of funds from Europe to New York which sent European
currencies lower against the dollar.

Treasury consider that the foreign exchange situation does

"Stirling had reached a high of $4.99% on May 4, when
were circulated in Europe for a short time that the
dollar might be depreciated along with the French franc,
but eased to $4.96% on May 20.
With the mobilization of
the Czechoslovak army on Saturday, May 21, the pound
declined more abruptly, as did the guilder and the Swiss
franc, and occasioned some gold arbitrage shipments from

not warrant its continuation.

London

selected

were

for

inclusion,

but

quest of the British Treasury.
which

a

were

withheld

at

the

re¬

This is tjie first instance in

unit trust has benefited from the recent relaxation

of the government's policy on foreign lending.
sion is

subject to cancellation at

Gold

on

amounted

with

and
rate

the

on

offer

in

the

London

The permis¬
time should the British

market .during May
£13,048,737 compared with £9,007,000 in April
£10,408,000 in March.
The mean London check
open

to

Paris ranged

between

pound as compared with

158.12

any

and

165.74

francs.

162.47 and 178.80 francs

a range

The

London

open

market

price ranged between 139s. 6d. and 140s. 9d. per ounce.
American price for gold
(Federal Reserve Bank of

York)

continued

at




$35

an

ounce.

to

during April of between

London

open

gold
The
New

market

rumors

to

New

York.

177% to 178% francs

The

French

franc

declined

from

pound.
In New York the guilder
closed at $0.5515, the Swiss franc at $0.2278, and the French
franc at $0.0276 15/16, compared with $0.5566, $0.2300%, and
per

$0.0306 9/16, respectively,
at

or

below

the estimated

on

May 2.

gold

The belga remained

export

point

of $0.1684%

against the dollar except for a few days.
"Among the non-European rates, the Canadian dollar, the
Chinese

yuan,

during May."

and

the Mexican

peso

all

showed declines

114

MONTHLY
in

Changes

gold„ holdings

the

during May were as follows:

Bank

of the

of England

For the week ended May 4

REVIEW
and threaten
estimated that the

the public credit, dry up private credit,

ruin

credit."

monetary

At this time it

was

£21,755; for the week ended May 11 a decrease
the week ended May 18 a decrease of
£32,630; .for the week ended May 25 an increase of £35,291,
and for the week ending June 1 an increase of £71,859.

government's debt to the Bank of France totaled about
40,000,000,000 francs, double the amount of a year earlier.
The return of expatriate capital had so improved the

Total gold holdings of the Bank of England on June 1 were

its rediscount rate

compared with £322,090,041 a year earlier,
with the minimum of £150,000,000 recommended by the Oun-

in

a

decrease of

of

£28,457;

for

£327,247,486

as

£136,880,255

liffe Committee, and with

in the Bank's state¬

just prior to the suspension of gold in September, 1931.

ment

Details

New

of

York

"Monthly

the

gold movement to and from

during

May

Review"

of

outlined

were

Federal Reserve

the

the

Port

follows

as

in

Bank

of

the

New-

of

Paris situation that on May 12 the Bank of France lowered

from 3% to 2%%.

Nov.

since

effect

1937,

12,

The 3% rate had been
it was reduced

when

from

At the time of the return of expatriate French
amounting, as stated, to 20,000,000,000 francs (in
some
quarters the amount was stated as 30,000,000,(KM)
francs), it was estimated that there was still fully 90,000,000,000 francs domiciled abroad.
Issuance of a so-called
3%%.
funds,

"autonomous"

national

defense

loan

York for June 1:
"Toward the end of May the dollar equivalent of the
London market price of gold dropped for a short time to

was contemplated, to
However, only a 5,000,-

raise around 15,000,000,000 francs.
The loan was oversubscribed on

approximately

gold

the

the engagement

United States

shipping point to New

York,

was

arrived in New York by the close of the month.

"Preliminary
the gold

figures

of

May imports of gold affecting
States show receipts at New

stock of the United

by ' the government

Recognition

and

$11,700,000 of gold for export to the
reported, only part of which, however,

of

000,000-franc loan was issued with a 5% coupon, on May 13.
May 16 by the banks.
French economic and financial

that

stabilization fund and the Bank of France.

and the rentes fund
of the Bank

revised

tion funds except under great stress.

stock through

the Bank,

marked

as

stock

As

was

result of all these transactions the gold

a

increased

$50,000,000 during

by approximately

The technical

of

settlements

and

chest

war

last

authorized

interest

without

vances

British

French,

decree

The

franc.

the

so

no

or

amounting to 2,400 tons,

virtual

a

was

of Frnace should

the

to

remain intact

to

were

line

the

American* stabiliza¬

The gold holdings of
of

defense

Treasury

stabilization

for

the

make

to

ad¬

fund,

which,

after having exhausted its stock of

May."
Canadian
Montreal
1

low

that the gold holdings
longer be influenced by

of $2,900,000 from England, $890,000 from Belgium,
$500,000 from Peru, and on the West Coast of $22,100,000 from Japan, $2,400,000 from Australia, and $100,000
from Hongkong.
In addition, there was a gain to the gold

gold.

the

a

relationship between the stabilization fund and the Treasury

and

scrap

in

still at

was

point was, however, seen in a change effected by government
decree of May 19 in the relationship between the French

York

the release of $2,700,000 from foreign ear¬
holdings and through receipts of newly-mined and

confidence

situation

exchange

funds

7/16% and

inclined

was

ranged

between

to

discount

a

May.

during

ease

of

between

its

France.

before promulgation

discount of 33/64%.

a

francs, could heretofore
supply only by selling gold to the Bank of
The
disadvantage of the arrangement existing

replenish

of the decree

that occasion might

was

arise when the fund would be

CONTINENTAL AND

French

The

franc

OTHER FOREIGN EXCHANGE

underwent

de

May 5 by governmental decree.
stabilize the franc

to

francs to the
authorities

at 179

francs

dollar, equal to 2.79c.

were

facto

stabilization

on

The government planned
the

to

the

The French

practically forced into this position by the

of

secrecy

Bank's

pound, or 35.8

franc.

per

obliged to buy gold from the
Bank, reducing the published reserve and tending to accen¬
tuate pressure upon the exchange, thus partly destroying
reserve

The Bank
francs
been

of

operations

France gold holdings

May 26.

on

fund's

the

and

the

rendering

liable to successive violent fluctuations.

totaled 55,807,815,592

The present franc de facto rate has not

applied to the national gold holdings, which are still
one franc per 43 milligrams of gold 0.9 fine, the

market action of the franc in April, when the currency was

valued at

under

rate established

On April 8, after the French Senate

severe pressure.

denied

Premier

M.

decree,

Blum's

Edouard

for power

request

Daladier,

Radical

to

by

govern

Socialist,

was

July 23, 1937, of which the dollar equiva¬

on

lent is 22.964 francs to the dollar.
of

France

gold

$2,430,214,916.

holdings

are

After May

promptly and practically unanimously accorded the privilege

result

to

approximately

20 the financial world became

seriously alarmed

of governing by decree for 3% months, or until July 31.

On this basis the Bank

equivalent

the

At

time the government was authorized to borrow an

same

additional 10,000,000,000 francs from the Bank of France,
a

proposal made by and denied to its predecessor.
It

believed

was

of national

that

the

Cabinet, styled

new

defense, would restore

some regree

in the franc and in the financial

of confidence

but frequent week-to-week borrowings of the Treasury from

the

Bank

of

France

created

renewed

when it became known that the

to within

distrust,

in

domicile

3.06

situation of the country,

especially

Treasury had borrowed up

2,000,000,000 francs of its former legal limit,

ex¬

the

dollar

there

and

French and other funds

abroad.

were

French

1/16@3.06%, and

was

indication

every

that

again inclined to seek safety
francs

sold

on

May

2

at

May 31 at 2.77 15/16@2.78y8.
Belgian currency, which had been showing weakness in

Cabinet

a

to

spect

over the German-Czech tension, with the
European currencies declined sharply with re¬

that

on

the first four months of the year, was especially depressed
in May.
Par of the belga is 16.95. ' In the early part of

April belgas
of

the

shipping

dropped

point

is

to

16.83%.

to

16.84%.

French franc there
due

around 16.88,

high

were

month

was

fears that

a

With

the

theoretical

devaluation

gold

of

the

wide movement away from belgas

lower

the

but toward the end
The

French

unit

would

adversely

clusive of the 10,000,000,000 francs authorized on the forma¬

affect the Belgian franc, as the new devalued French franc

tion

was

of

the

Daladier

fluctuating movement
conditions

pound

forced

and

April 28 against
These
ment to

from

franc

to

adopt the radical
the

caused

francs,

around

effective

the

conditions

Washington

This

away

rate

so

175

in

a

francs

and

market
to

the

York

New

on

compelled the

French

measure of de facto

Govern¬

stabilization.

step the government consulted London

authorities

and

received

that

assurance

new

level.

London

and Washington authorities were prompt to
that the tripartite currency agreement would not be
adversely affected by the devaluation.
With this assur¬

agree

ance

there

was

an

apparent

return

of

confidence

in

the

French situation, so that short interests in the franc made

covering transactions and

some working capital returned to
Paris, with the result that the short-term money situation

improved to such
had been

1%.
a

It

total

that day-to-day money which
more fell to fractionally below

extent

an

selling at 3%

or

a

ment

The unit had been

estimated in various responsible quarters that
not less than 20,000,000,000 francs returned to

and

political

disturbances

an

unfavorable budget situation,
resulted in a change of

which

Cabinet.
The May pressure was the first major attack
suffered by the belga since it was stabilized in April, 1935.
Lack of confidence in the unit

sharp discounts
flat, at

a

premium,

30-day belgas

especially seen in tho
From May, 1935, until
belga futures were generally quoted

future

on

around the end of 1937
or

was

belgas.

at a very slight discount.

On May 3

quoted at four points discount from the
On May 5 this discount had increased to

were

basic cable rate.

26 points, and on May 13 to 100 points.
The discount on
90-day belgas was 13 points on May 3 and widened rapidly
to 110 points on May 9 and to 120
points on May 13.

Throughout May Brussels was obliged to ship considerable
quantities of gold, especially to London.
The political situation improved when a new Cabinet was
with M. Paul Spaak as Premier, M. Max Leo

organized

of

as Finance Minister, and M. Paul
Hymans, a banker
engineer, as Minister of Economics and Agriculture.
The improvement was reflected in the fact that
by May 24

radio

address

to

the

Gerard

and

the discount

30-day belgas was reduced to 20 points and
90-day belgas was narrowed to 50 points.
As the month drew to a close it was
thought less likely

nation, on May 4, Premier
Daladier depicted the government's plight.
He declared:

the discount

"The

that

truth

position,

displaying weakness for fully six months,

was

Paris, enabling the French stabilization fund to obtain gold
from sales Of sterling and dollars as well as by sales of
guilders, belgas and Swiss francs.
In

17% below the Belgian franc, five of which equal one
Pressure on the belga was due in part to the move¬
of French funds from Belgium to Paris.
On May 9
belgas fell to the lowest level in more than three years.

belga.

owing to trade depression,

Paris would be able to maintain the franc at the
The

wide

that

March high of 3.27%.

a

market

Before taking
and

the

3.01c.,

to

Cabinet.

is

that

that

our

economic

legitimate profits

life

is

in

a

very

bad

the

on

on

devaluation

of

the

French

franc

could

have

an

disappear
from business, that partial unemployment is increasing in
every branch of industry, that our trade balance is impover¬
ishing us, that our production figures are a humiliation to

Belgion franc.
The financial
and banking situation of
Belgium was shown to be essen¬
tially sound.
Despite the heavy gold shipments from Brus¬

all Frenchmen.

stock

are

tending

to

The truth is that in this anemic economic

condition the budget recurrently and inevitably is faced with
a deficit, that the Treasury's needs exhaust public savings,




important

sels

influence

on

the

May 19, the National Bank of Belgium showed gold
2,733,600,000 belgas and a ratio of gold to total
liabilities of 61.71%. Belgion cable transfers sold on May 2
at

on

of

16.84@16.85%, and

on

May 31 at 16.90@16.92%.

.

The

German

mark

situation

showed

DAILY RATES

important

no

gold mark ruled
lower in keeping with the lower rates for sterling and other
changes during May.

The so-called free

or

There were no changes in the gold
holdings of the Reichsbank from quarter to quarter during
Gold holdings of the Reichsbank for the

fourth
quarter of May remained at 70,773,000 marks compared with
68,005,000 marks a year earlier.
The Bank's ratio in the
fourth quarter of May was 1.21%.
On Dec. 31, 1932, the
Reichsbank held 806,785,000 marks of gold and its ratio was
25.8%. The so-called free or gold mark was quoted at 40.21
@40.22 on May 1 and at 40.15%@40.17 on May 31.
Italian lire were kept steady during May as for many
months previous by the exchange control, and was in no
way affected by exchange quotations, for other currencies.
Gable transfers on Rome sold during the month between
5.26% and 5.26%.
Exchange on the countries neutral during the war con¬
tinued to move in close sympathy with sterling during May.
Swiss francs and Holland guilders were easier as French
funds were withdrawn in large volume from both Holland
and
Switzerland early in the month.
German threats
against

Czechoslovakia

removal

of

Guilder

believed

are

cable transfers

sold

the

caused

have

York.

Dutch funds to New

of

large amounts

to

May 2 at 55.65% @55.67,
and on May 31 at 55.15% @55.24.
Swiss francs sold on
May 2 at 23.00%@23.01% and on May 31 at 22.79@22.80%.
Cable transfers on Sweden were 25.69% @25.71% on May 2
and 25.51% @25.53 on May 31.
Exchange on the South American countries was held in
close relationship to dollar-sterling quotations through the
various

exchange controls.

change

on

during

May.

Buenos Aires
The

on

free

or

the

on

Far

in

"

May 11_.

2.79%a2.80H 22.82H«22.84 22.83a22.84H
22.82 Ha.84 H
2.79"i6a2.8018 22.82a22.84
2.80
22.82Ha.83H
a2.80H 22.82a22.83
22.80a22.81
22.80 Ha22.82
14.. 2.79^a2.79M 2.79%a2.80
SUNDAY
15..
16.. 2.79^a2.79H 2.79^a2.79% 22.79a22.8l
22.79Ha22.82
17.. 2.79%a2.79% 2.79^a2.79H 22.79Ha22.81 22.80a22.81H

May 12..
May 13..
May

May

May
May

2.79%a2.80
2.79%a2.80
2.79^a2.80

May 18..

2.79%a2.79H
May 19. 2.79^ia2.79%
May 20.
2.79%a2.79%
May 21., 2.78%a2.79
May 22_,

May 23.
May 24.

2.78lli6a2.7988 22.78a22.83
SUNDAY

had been
the

displaying weakness for
Japanese aggression.
Before

China

some

the

2.76Ha2.77H 2.77

o2.77M 22.77Ha.78H 22.78a22.79
SUNDAY
HOLIDAY

May 29.
May 30.
May 31.

Germany

Belgium

Reichsmark

Belga

Cables

Checks

May

2..

May

3..

May

40.20Ha40.21 40.21a40.22

40.19a40.20H
May 10.
40.18Ha.20H
May 11- 40.17a40.20H
May 12_. 40.18a40.20H
_

May 13..

40.18a40.19

Japan.

May 14..

40.16a40.18

May 17-

May 18May 19.,

May 20..
May 21.,

time

result of

a

as

in

war

begun, in July, 1937, the Shanghai dollar was
steady around 29.75c.
In May it registered successive new
lows, and in the last full week of the month ranged between
was

22.16c. and 23.25c.
ver

in

Chinese authorities continue to sell sil

New York taken from their stock in London.

It

May 31 was 18 15/16d.
Hongkong dollars were
31.00@31 3/16 on May 2, and 30.77@30 15/16 on May 31.
The Shanghai dollar was
26.66@27% on May 2, and 21.36@
21.68
and

on

on

at

May 31. Yen checks sold
28.83@28.85 on May 31.

at

29.06@29.09

May 2,

on

May 26.
May 27.
May 28-

40.15Ha.17H
40.15a40.16
40.15Ha.16H
40.16Ha40.18 40.17a40.18H
40.15Ha40.17 40.16a40.17H
40.16a40.17H 40.l6Ha40.18
40.10a40.15
40.10Ha40.16

16.82Ha.83H 16.83al6.84
16.84al6.85H 16.84Hal6.86

19.78al9.90

16.76al6.79

19.78al9.90

16.76Hal6.80

19.78al9.90

19.78al9.90
19.78al9.90

16.82al6.83

16.82Ha.83H
16.83Ha.84M
16.82Ha.83H

16.83al6.84
16.82al6.83

16.82Ha.83H 16.83al6.84
16.83al6.84H 16.83Ha.84M
16.82al6.82H 16.82Hal6.83

19.78al9.90

19.78al9.90
19.78al9.90
19.78al9.90

19.78al9.90
19.75al9.80
19.78al9.90

19.78al9.90
19.78al9.90
19.78al9.90
19.78al9.90
19.70al9.90

SUNDAY
40.07a40.13

16.82Ha.83M
40.07Ha.13H 16.82al6.83
40.08Ha40.11 40.09a40.12
16.82Ha.83H 16.83al6.83H
40.06a40.09
40.06Ha40.10 16.82al6.83H 16.82Ha.83H
40.11a40.17
16.84Ha.86H
40.llHa.17H 16.84al6.86
40.13a40 15
16.84Ha.88H
40.13Ha40.16 16.84al6.88
40.15Ha40.17 40.16a40.17H 16.88Ha.89H 16.89al6.90

19.78al9.85
19.75al9.85
19.76al9.85

19.76al9.88
19.76al9.90
19.76al9.90

SUNDAY

May 29.

HOLIDAY

May 30.
May 31.

19.78al9.90

40.19Ha40.21 16.81Ha.82H 16.82al6.83
40.19a40.21
16.82al6.83H 16.82Hal6.84
40.17Ha40.21 16.82Hal6.84 16.83al6.84H
40.18 Ha40.21 16.89al6.92
16.89Hal6.93

40.15a40.17

40.15a40.16

40.15Ha40.17 16.89 Ha.91H 16.90al6.92H

Netherlands

Denmark

Guilder

19.77al9.85
Poland

Krone

is

estimated that between November and the end of May China
shipped to New York not less than 140,000,000 ounces of
silver.
The London price for silver on May 2 was 18 ll/16d.,
and

May 24.
May 25.

Checks

16.83Hal6.85 16.84al6.85H
16.83 Ha.84H 16.84al6.84H
16.83al6.84H 16.83Hal6.85

40.18Ha.19H 16.80al6.83H 16.80Ha.83H
40.16Ha.18H 16.83Hal6.86 16.84al6.86H
SUNDAY

May 15..
May 16..

Pengo
Cables

SUNDAY

9.
.

Checks

Hungary

SUNDAY

1..

May

4.46Ha4.50

2.77^sa2.78h 22.78 Ha22.80 22.79a22.80H 4.46Ha4.51H

2.77Ha2.78

and

undeclared

a4.51

22.77Ha.79H 4.46

2.76Ha2.78H 2.77
2.76
2.75%a2.77

yuan,

Shanghai dollar, which

22.78Ha22.84 4.48Ha4.53

a2.777ie 22.77a22.79

May 28.

May 23.

the

4.48Ha4.52
4.48Ha4.54

May 27.

May 26.

There

sharp decline in

a4.53

4.50Ha4.53

a4.54
22.84 Ha22.85 22.84Ha.85H 4.49
2.798ja2.7913i# 22.84a22.85
22.84Ha.85H 4.51Ha4.54
4.49
a4.54
2.79%a2.79H 22.85Ha.86H 22.86a22.87

May 22.

a

4.49Ha4.53H
4.49

a2.78H 22.77a22.79H 22.77 Ha22.80 4.46Ha4.51
a2.77H 22.75a22.77H 22.75Ha.77H 4.45Ha4.50
4.47
a4.51
2.76%a2.77h« 2.76»i6a2.n16 22.76Ha.80H 22.77a22.81
4.46Ha4.50
2.76^a2.77H 22.76Ha.78H 22.77a22.79
2.76%a2.77

May 25..

1937, to the end of May, 1938, has been about $302,200,000.
was

a4.54

4.49

2.79 Hi a2.80

2.76 3^ a2.77 Hi 2.77

was

The total movement since March,

4.49Ha4.54H

a2.80Ji 22.86a22.88
22.86Ha.88H 4.49Ha4.54
2.79^a2.80K 2.80
May 10..
79Ma2.80
4.49Ha4.53H
2.79%a2.80H 22.83 Ha22.86 22.84a22.87

May
on

.

9.,

8..

countries

i

4.50Ha4.55
4.50Ha4.54H
4.50Ha4.55H
4.50Ha4.55
4.50
a4.54H

SUNDAY

8..

May
May

May

Throughout the month Japan continued to send

gold to the United States.

May

Checks

SUNDAY

May

by pressure on the Shanghai dollar, or
increasing financial and economic pressure

yen.

May
May
May

May

Eastern

Cables

23.00Ha.01H
3.05^a3.06M 3.06H6a3.06^ 23.00a23.01
3.. 3.01Ha3.02^ 3.02
a3.02% 22.98a22.98H> 22.98Ha22.99
4.. 2.87Jia2.94% 2.88
a2.95H 22.94%a.97^ 22.95Ha22.98
5_. 2.78Ma2.80^ 2.79
a2.80H 22.91 Ha22.94 22.91 Ha.94H
6.. 2.79^a2.80M 2.79%a2.80H 22.88Ha.92H 22.89
a22.93
7.. 2.80
a2.80H 2.80Ma2.80M 22.86Ha22.89 22.87a22.89H

Rio de Janeiro

on

Checks

2_.

was

The Japanese authorities on several occasions insisted that
the yen would be maintained at the prevailing rate of Is. 2d.
per

1-

May
May

33.29

and
range

marked

by

May-

May

ranged between 5.84 and 5.90.

Exchange

Escudo

Cables

Checks

May

market

The official rate

Portugal

Franc

ex¬

between 32.94

ranged

unofficial

between 26.00 and 26.40.

Switzerland

Franc

40.20Ha40.22 40.21a40.23
4.. 40.20Ha40.23 40.21a40.24
5.. 40.20a40.21
40.20Ha40.22
6.. 40.22Ha40.24 40.23a40.25
7.. 40.20a40.22
40.20Ha.22H

official quotation for

The

OF FOREIGN EXCHANGE

France

European exchanges.

the month.

115

MONTHLY REVIEW

June, 1938]

Cables

Checks

Checks

Zloty
Ca)les

Checks

SUNDAY

May

55.65Ha55.67 22.25Ha22.27 22.26a22.27H 18.86al8.89

May

55.65a55.66

May
May

55.62 Ha55.66 55.63a55.67
22.26a22.26H 22.26Ha22.27 18.86al8.89
22.28 Ha22.30
55.63a55.75
55.631* 055.754 22.28a22.29
18.85al8.89

May
May

55.66a55.70

55.68a55.71

55.48a55.61

May

55.50a55.57

55.48 Ha55.62 22.26a22.27
22.24a22.25
55.51a55.58

22.27 Ha22.28 22.28a22.29

18.85al8.89

22.26Ha22.28
22.24Ha22.26

18.85al8.89

18.86al8,89

18.85al8.89

SUNDAY

May
55.37a55.48

22.21a22.22

22.21 Ha22.23

55.34a55.46

55.35a55.47

22.20a22.22

55.35a55.45

55.35Ha.45H 22.20a22.22

22.20Ha22.23 18.86al8.87H
18.85al8.88
22.20Ha.22H

Tji rjl

ill

May 10.

May 12.

22 21
22.20
55.38Ha55.41 55.39a55.42
55.37a55.38
55.37Ha55.39 22.20a22.21
22.20Ha.21H
a22.19
55.32a55.37
55.32Ha55.38 22.17Ha.18H 22.18
SUNDAY

18.85al8.88

22.15Ha22.16 22.16a22.17
55.32 Ha55.35 22.16Ha22.18 22.17a22.19
55.32a55.34
55.35a55.38
55.36a55.39H 22.18a22.18H 22.18Ha22.19
22.16a22.17
22.16Ha22.18
55.29Ha55.31 55.30a55.32
55.34a55.35
22.17Ha22.19
55.34Ha55.36 22.17a22.18
22.11 Ha22.14 22.12a22.14
55.20a55.29
55.21a55.30

18.84al8.88

May 13.

000000QC OC6-

NtONttCOIO
OS 03 OS 03 03 03

03 0 03 03 05 05

<< x* x*

55.36a55.47

May 11-

I §3

May

xji TjJ xji xji

xtf

xtf x$4CO ■>*COrH

U3 CO CO CD CO xjt
03 03 03 C3 03 03

Tt< T*

Tti

xtf

03 C3C3030303

03

TjJ rji

xj4*

<4

tjJ

t}4 <4 <4

rji

May 14.

May 15.
May 16.
May 17.
May 18.
May 19.

s'fXSif:*
22

^

ifc°

Tjj

rf

<44'

rj< tJ4

to »o >o to to x*

C3 03 03 03 03 03

v rfi x* tJ4 rfi

rfi

3

eo w n eo co co

eo

03 03 03 03 C3 03

co co co co co co

03 0303030303

ISSs&SS
03 03 03 03 03 03

OS

May 20.

<4*

May 21.

rt? <4* t^

<4 <4 t(4

-xj? rf

,

<4

xjt'

<4

xj!

55.29a55.34

55.30a55.35

May 23.

JSss
s»

CO CO CD CO CO tO

s

May 24.

CO
O

^

=r

May 25.

to to to to to xJ4
OS OS 03 OS OS OS

MMNWWn
0 03 03 03 03 03

x^i xjt' xjt' xjj TJ4*
«

x(4
888888

X^l X^4 <<J4 Xj4 X^4 Xj4
e e e cs cs e

a

CO U) to to to to

■xjt xJ4 to <t to CO

03 03 OS 03 OS C3

CiOOOi 05 0

eo n »-4 cm n eo
05 0Q05 0 0)

co
C)

th

Tfj

^

«««■

Q

C3

«

^

«

«

«

o
©

b. Is. CO CD
© 03 ©O © ©

<4~

Tt4*

-tH

<4*

<4

rjj

X#

x*'

TJ4 T(4 <4

Tf<

^

j Tti

^

pHb.b.OOOOOOb.>(COCOCDCDCOCOP*

55.11a55.16

55.17a55.18H 55.18a55.19

18.83al8.87

55.15a55.23H 55.15Ha55.24 22.09a22.10H 22.09Ha22.11

18.83al8.87

HOLIDAY

XJ4

rH

ooooooooo
C5 0 05 0 050

£

T}!

3

May

tH

May

25.67a25.68

O

^4

May
May
May 10

25.64Ha25.66 25.65a25.67
25.63Ha.64H 25.64a25.65

May 11.

25.63a25.66

May

x^4 xJ4

xJ4*

xJ4

«

COCONCOr^CO
00 0 0300

OOOOOO

§ «

xJ4 xJ4 Tj4

£3**3

H

OOOONNNN

Tti

o «

xj!

lO 10 xJ4 x^4 <4 X(J4
OOOOOO

tO

<4 x)4 XJ4 Xj4 T)4 XJ4
o e e a e o

TJ4
e

o

May 12.
May 13.
May 14.

XJ4 xJ4 xjJ xJ4- TJ4- xj!
e « e a e e

Xji

«\ «\

2-2 2^5

J

00 00 00 <30 00 00
O 03 03 93 O O

NNNNNCO

CO CO CO CO CO to
OOOOOO

xj< <4 eo eo t>4 xj4
Q3 Q3 OS 003 O

xtt

0)OO)QO5O3

O

May 17.

Xj4 xjt Xt4 XJ4 x>4 Xj4

■§g

xflxt4xJ4xJ4 xJ4 x}<

Xj4x^x(4xt4xj4xJ4

<4 x)4 xf <4 X>4

xlt'

tJ4*

May 18.

o

e

xjl

<4
XJ4
8 8 « a

0«

Tjj XjJ
B «

2 2
<r

a'a'JRX ^2^
|xJ4<4xt
o «

«

S
to

Oi 05 O) C5 O O)

0300000

o

xj< <4 Tj4 xgJ4 tJ4 xJ4
8 8 8 8 8 8

Tt4*

£

£

r-4

xn

Xj4 Tjt' Tji TjJ
888888

3"^

.2 2^
NNNNNCO
0)0)00)05 05

OOOOOO OOOOOO
ooo ooo

CO CO CO CO CO to
O O 03 ooo

I

I

I

III

^

C3

050000)05

tJ4*TJ4«14

TJ4* TjJ

<4<4tJ4

05

Tfi Xfj

I

»

i

i

i

it

i

i

I

III

I

I

I

I

«

I

I

till

I

I

I

I

III

I

III

|

i

i

i

i

i

i

I

I

I

I

I

I

I

I

I

I

i

i
i

i

II

I

I

I

I

I

I

I

II
i

i

i

i

I

I

I

I

I

I

I

I

I

i

i

1

III

I

I

I

I

I

I

iii

i

ii

OJ

53

i

i

III

i

i

i

i

II
i
i

i
i
II
i
i

I

I

I

I

I

I
I

I
I

I

I

I

I

I

|

rH<NC0^«OC0t^Q0C5OrH<Ne0^l0 CO N-00 05 o TH (M CO Tf to CO N 00 05 o

rH

i




i

i

i

rlHHHHH tH rH iH tH <N

Ol <N <N W 01 <N

May 15.
May 16.

May 19.

2^=^^/
to to <4 Tf4 Ttt Tjl

"SN

H

Tji <4*

<4tJ4tJ4
« « «

XJ4

2

CO CO N* co co co

NNNNNN
OOOOOO

!

w\

^

Markka

I

(N CO CO

May

20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.

TV/To

31

May
May
May
May
May
May
May
May
May
May
\r

Cables

25.05Ha.06H 25.06a25.07
25.08Ha.10H
25.07a25.08
25.07Ha25.09
25.05a25.06
25.05Ha25.07
25.67Ha.68H 25.03a25.C3H 25.03 Ha25.04

xji tJ4*

xJ4* Xj4* Tjj

Checks

Checks

SUNDAY

xJ4 xij4 eo <4 rJ4 t*
0030000

CO CO CO CO CD lO
OOOOOO

xJ4 xJ4 <4

Finland

25.69Ha.71H 25.05a25.06H 25.05Ha25.O7 2.20Ha2.21

^3"^

b-^ b- tN.
030303 0 030

-xJ4'

Cables

25.69Ha.71H 25.70a25.72
25.73a25.74
25.73Ha25.75
25.71a25.74
25.72a25.74H
25.70a25.72
25.70Ha.72H

<4 << << xJ4 xj4 xJ4

^5S
xJ4 <4

Krone

25.69a25.71

May

xj! xji

Norway

Checks

c3«jH<sc3C3c3cjeWMC3

<4 Xi)4 xJ4 xf4 tJ4 xj4

X#

18.83al8.87

22.07Ha22.09

Krona

May
May
May

OOOOOOOON
030303030303

18.83al8.87

03<J4 03 03 03 03 03 03<J4<J03

xJ4xJ4^4xJ4QxJ4^4rJ4x#xJ4Tj4QPTj4

o cs ee

I

22.07a22.08

18.83al8.87

SUNDAY

COtOtOio[Hxtx!j4coeOCOCO|H"2j'<»4

xJ4xJ4

18.83al8.88

18.84al8.87

22.06Ha22.10
55.08Ha55.18 22.06a22.09
55.llHa.16H 22.05Ha22.07 22.06a22.08

Sweden

too
o © C3 03 03

18.84al8.88

18.83al8.89

55.08a55.17

^3

<^000303003^40303003030^4

18.83al8.88

18.83al8.87

May 26.
May 27.

May 29.
May 30.
May 31.

18.85al8.88

55.10a55.18H 55.10Ha.19H 22.09Ha22.16 22.10a22.11
22.07Ha.12H
55.08Ha55.21 55.09a55.21H 22.07a22.12
55.04Ha55.09 55.05a55.09H 22.04 Ha22.05 22.05a22.05H

May 28-

e

18.85al8.88

SUNDAY

May 20.

0- t— 00
o
OS 03 03 03 03 OS

18.86al8.88

25.08a25.10

2.20

a2.21

*

2.20Ha2.21H
2.20Ha2.21
2.20Ha2.21
2.20Ha2.21

SUNDAY
25.00a25.02

25.00Ha.02H 2.19Ha2.20H
24.99Ha.01H 2.19Ha2.20H
24.99Ha25.02 2.20
a2.20H
25.63a25.64
25.63Ha.64H 24.98 Ha24.99 24.99a25.00
2.19Ha2.20
25.63a25.64
25.63Ha.64H 24.98Ha.99H 24.99a25.00H 2.19Ha2.20H
24.96a24.97
24.96 Ha24.98 2.19Ma2.20H
25.60Ha25.61 25.61a25.62
25.634

24.99a25.01

a25.664 24.99a25.01

SUNDAY

25.58Ha25.59 25.59a24.60
24.93Ha24.94 24.94a24.94H
25.59a25.61
25.59Ha25.62 24.94Ha24.97 24.95a24.97H
25.61a25.61H 25.61 Ha25.62 24.96 Ha24.97 24.97a24.97H
25.59a25.60
25.59Ha25.61 24.94a24.96
24.94Ha24.97
25.60 Ha25.62 25.61a25.62H 24.95Ha24.97 24.96a24.98

2.19Ha2.19H
2.19Ha2.19H

25.54Ha25.50 25.55a25.57

2.19

24.89Ha24.92 24.90a24.93

2.19Ma2.20
2.19Ha2.20
2.19Ha2.20
a2.20

SUNDAY

25.52 Ha.53H 24.87a24.88H 24.87Ha24.89 2.18Ha2.19H
25.50a25.54
24.85 Ha.90 H 2.18Ha2.19H
25.50Ha.54H 24.85a24.90
24.81 Ha.82H 24.82a24.83
25.44Ha25.49 25.45a25.50
2.18Ha2.19
25.52a25.53

25.47a25.51H 25.47Ha25.52 24.82Ha.86H 24.83a24.87

2.18Ha2.19

25.47 Ha25.49 25.48a25.50

24.82 Ha24.85 24.83a24.85H 2.18Ha2.19H

25.49Ha25.50 25.50a25.51

24.84a24.86

24.84Ha.86H 2.18Ha2.19H

SUNDAY
HOLIDAY

25.51a25.52

25.51 Ha25.53 24.87a24.87H 24.87Ha24.88 2.18Ha2.19H

116

MONTHLY EE VIEW
DAILY RATE OF FOREIGN EXCHANGE

(Concluded)

Czecho¬

Spain

Italy

slovakia

Brazil

Chile

Bolivia

Peseta

Lira

Koruna

MUreis

Peso

Boliviano

Checks

Checks

Checks

Checks

Cables

May

1-.

May

2__

5.80

5.26

May

3..

5.80

5.26

May

4..

5.79

5.26

May

5—

5.92

5.26

May

6—

5.92

5.26

May

7—

5.70

5.26

May

8..

May

Checks

Checks

SUNDAY

05.263* 5.263*a5.263* 3.483*03.485*
05.263* 5.263*a5.263* 3.483*03.483*

a5.263* 5.26J*a5.263* 3.483*03.483*

SUNDAY

Sucre

.

Checks

SUNDAY

1.
2.
3.

5.8305.89

5.84o5.90

6.1605.19

5.00

7.25

May

5.87o5.89

5.88o5.90

5.1605.19

5.00

7.25

May

4.

5.86o5.89

5.87a5.90

5.1605.19

5.00

7.25

May

5.

5.8605.89

5.87O5.90

5.16o5.19

5.CO

May

6.
7.
8.
9.

5.86a5.89

5.87O5.90

5.1605.19

5.87o5.89

5.88a5.90

5.16a5.19

May

o5.26% 5.263*05.263* 3.483*03.483*
o5.26% 5.263*05.263* 3.48 3* a3.48 3*
a5.26% 5.26}*a5.263* 3.483*03.483*

Cables

May

May
May

SUNDAY

7.25

5.00

\

7.25

5.00

5.25

5.00

a5.26% 5.263*05.263* 3.483*a3.483*
a5.263* 5.263*a5.263* 3.483*03.483*

5.85o5.89

5.86O5.90

5.1605.19

5.26

May 10.

5.85a5.89

5.86a5.90

6.1605.19

5.00

7.25

5.79

5.26

a5.26 ^

May 11.

5.87o5.89

5.88o5.9C

5.16a5.19

5.00

7.25

5.90

5.26

May 12.

5.8505.89

5.86O5.90

5.16o5.19

5.00

7.25

May 13.

5.8505.89

5.86O5.90

5.1605.19

5.00

7.25

May 14.

•5.83a5.89

5.84o5.9C

5.16o5.19

5.00

7.25

'

SUNDAY

9__

5.75

May 10—

5.83

May 11

—

May 12—
May 13—

5.26
1

5.90

quotations

5.26

No

May 16—

5.26

5.90

May 14—
May 15__

5.263*a5.263* 3.483*03.483*
05.263* 5.26 }* a5.26 3* 3.483*03.483*
a5.26% 5.263*^5.263* 3.483*03.483*
05.26 3* 5.263*a5.263* 3.483*03.483*

SUNDAY
5.90

5.26

May 17„

5.90

5.26

May 18—

5.90

5.26

May 19—

5.90

5.26

May 20—

5.90

5.26

May 21

5.90

5.26

May 22

Cables

Ecuador

—

May 15.

05.26J* 5.26 3* a5.26 3* 3.483*03.483*
05.263* 5.26 3* a5.26 3* 3.483*03.483*
a5.263* 5.263*a5.263* 3.483*03.483*

05.263* 5.26 3* a5.26 3* 3.48 3* o3.48 3*
a5.263* 5.263*a5.263* 3.483*a3.483*
a5.263* 5.263*a5.263* 3.483*03.483*

SUNDAY

__

5.90

5.26

05.263* 5.26J*o5.263* 3.473*03.473*

May 24._

5.90

5.26

May 25—

5.90

5.26

a5.263* 5.263* a5.263* 3.473*03.47%
a5.263* 5.263*05.263* 3.47 3* o3.47 3*
05.263* 5.263*a5.263* 3.473* a3.473*
05.263* 5.263*o5.263* 3.473*03.473*

May 26—

5.80

5.26

5.80

5.26

May 28—

5.69

5.26

.v

a5.263* 5.263*05.263* 3.47%a3.473*

7.25

7.25

May 16.

5.85a5.89

5.86a5.90

5.16o5.19

5.00

May 17.

5.8505.89

5.86O5.90

5.1605.19

5.00

7.25

May 18.

5.85o5.89

5.86a5.90

5.1605.19

5.00

7.25

May 19.

5.8505.89

5.86o5.90

5.1605.19

5.00

7.25

May 20.

5.8505.89

5.86o5.9G

5.1605.19

5.00

7.25

May 21.

5.8505.89

5.86a5.90

5.1605.19

5.00

7.25

SUNDAY

May 22.

May 23—

May 27-

May

May 23.

5.8505.89

5.86a5.90

5.16o5.19

5.00

7.25

May 24.

5.85o5.89

5.86a5.90

5.16a5.19

5.00

7.25

May 25.

5.85a5.89

5.86O5.90

5.1605.19

5.00

7.25

May 26.

5.85a5.89

5.86o5.90

5.16o5.19

5.00

7.25

May 27.

5.84o5.90

5.85o5.90

5.1605.19

5.00

7.25

5.86a5.89

5.87o5.90

5.16o5.19

5.00

7.25

May 28.

May 29—

SUNDAY

May 29.

SUNDAY

May 30—

HOLIDAY

May 30.

HOLIDAY

5.75

May 31—

Rumania

5.26

Bulgaria

Leu

Lev

Dinar

Checks

Checks

Checks

.73\ia.75

1.25

2.323*a2.35

1.25

2.32 % o2.35

.91

1.25

5..

.72J*a.75
.73J*o.75
.73 3*o.75
.73>*a.75

1.25

May
May

7—

Sol

Checks

Checks

May

65.59o65.75

31.50

May

65.60o65.75

31.50

May

65.62o65.75

31.50

May

65.62o65.75

May

65.63o65.75

SUNDAY

.74

1.25

75

1.25

9—

.7314a.75

1.25

a.

8—

a.913*

a.913*

.913*0.913*

May 10—

.73>*a.75

1.25

May 11—

,73>*a.75

1.25

May 12..

.73>*a.75

1.25

May 13-

.73 V* a.75

1.25

May 14—
May 15—

.74

a.75

1.25

May 16-

.73V*a.75

1.25

May 17—

.73%a.75

1.25

May 18—

.73V*a.75

.91

1.25

31.02o31H

31.50

31.50

24.00a24.25

29.07o29.09

29.08a29.09

31.04031*16

29.07o29.10

31.03o31%
31.04o31%
30.95o31%

31.50

24.00o24.25

65.46a65.75

31.50

24.00a24.25

May 10

65.46o65.75

31.50

24.00

29.00o29.02

May 11

65.44o65.75

31.50

24.00

28.97o29.00

May

29.03o29.07

SUNDAY
9..

29.01o29.04

30.91o31J*
30.91o31J*

.91
a.913*
.90%a.913*
.903*0.91%

May 12

65.43o65.75

31.50

24.00

28.97o29.00

30.87o311i6

May 13

65.44o65.75

31.50

23.75a24.00

28.97a29.01

30.85o3Di«

.913*0.92

a.913*

May 14

65.38a65.75

31.50

23.75o24.00

28.95o29.00

30.83o31%6

SUNDAY

.........

31.0bo31*u

29.06o29.09

.913*0.91%
.913*0.91%
.913*0.91%
.913*0.913*
.91
a.913*

a.913*

.91

2.323*o2.35
2.323*02.343*
2.323*02.35
2.323*02.35
2.32%o2.35
2.32%a2.35

29.06o29.09

May

a.913*

Dollar

Checks

23J* O24.50
O24.50
23J* O24.50
23% O24.50
23 H

65.56o65.75

May

SUNDAY
.91

Yen

Checks

SUNDAY

May

.91

2.32%o2.35
2.32%o2.35
2.333*a2.35
2.32%o2.35
2.32%o2.35
2.313*02.35

Hongkong

.913*a.91%
.913*0.91%
.913*0.91%

.913*0.91%
.913*0.913*

6..

2.323*02.35
2.323*a2.35
2.32%o2.35
2.333*02.35

4..

7.25

Japan

.913*0.92

.913*0.913*

3—

5.00

Peru

Bolivar

Cables

1

2—

5.16o5.19

Peso

.913*0.91%
.91%a.91%

May

5.86a5.90

Venezuela

Checks

Drachma

Checks

May
May
May
May
May
May

—

May 31.

Greece

5.8505.89

Uruguay

05.263* 5.26 3* a5.263* 3.473*03.473*

Yugoslavia

30.83o3Ui6

SUNDAY

May 15
.91

May .16

65.32o65.40

31.50

23.75o24.00

28.93o28.96

30.76o3Ui«

.91

May 17

65.34o65.40

31.50

23.75o24.00

28.94o28.97

30.73o30»i6

May 18

65.39a65.40

31.50

23.76o24.00

28.94o28.97

30.80o31.00

,90%a.91
.90%a.913*
.90% 6.913T
.90%o.913*
.903*0.913*

a.913*
a.913*
.91 •; 0.913*
.91
a.913*
.91
a.913*

65.32o65.40

31.50

23.75

28.92o28.96

30.81o31.00

May 20

65.33465.40

31.50

23.75o23.88

28.93o28.97

30.81o31.00

.903*0.913*

.903*0.913*

May 21

65.24o65.40

31.50

23.75o23.88

28.89o28.95

30.81o31.00

30.78o31.00

May 19—

.73V*a.75

1.25 "

May 20..

.73)4a.75

1.25

May 21..
May 22..

.73V*a.75

1.25

May 23..

.72%a.75

1.2401.25

.§0%a.913*

May 23

65.15o65.20

31.50

23.75023.88

28.83o28.88

.73

a.

75

1.24al.25

2.31%o2.35
2.313*02.35

.903*0.903*

May 24—
May 25..

.903*a.91

.903*0.913*

May 24

65.10o65.20

31.50

23.75a23.88

28.84o28.86

30.77o30lsi6

.74

a.75

1.22al.25

2.32

.903*a.91

May 25

65.00o65.01

31.50

23.75o23.88

28.79o28.80

30.73o30»u

.73

a.

75

1.2301.25

.903*a.90%
.903*a.90%
.903*a.90%
.903*0.90%

.903*a.91

May 26

65.00o65.20

31.50

23.50o23.75

28.77o28.84

30.71a3014ie

.903*a 91

May 27

65.02o65.20

31.50

23.50o23.75

28.78o28.83

30.73a3015ie

.903*a.91

May 28

65.07o65.10

31.50

23.25o23.50

28.82o28.85

30.74a3Clsn

.903*0.90%

.903*0.91

May 31

65.10o65.13

31.50

23.25o23.50

28.83o28.85

30.77a30Isi

May 26..
May 27..
May 28—

<

SUNDAY

.73

a.

75

1.2301.25

.74

a.75

1.23ol.25

.73

a.

May 29—

o2.343*
2.31%o2.35

2.30%o2.35
2.323* o2.35

2.323*02.343*

SUNDAY

May 29

HOLIDAY

1.25

75

SUNDAY

May 22

SUNDAY

May 30—
May 31..

May 19

HOLIDAY

May 30

Philippine
Canada

Argentina

Dollar

Peso

Checks

May

1

May
May

2_.—_-3

May

4.

May

6

May

7

May

9

856401782%
®i601782%
9lea1732%
9i60l782%

discount
discount
discount
discount

8

May

9i60*36 4% discount

—

Checks

May

1

33.25

55.40

May

2..

33.24

33.25

55.27

May

3—

33.26o33.28

33.27o33.29

55.26

May

4—

376409i6% discount

33.24

33.26

33.27

55.25

Settlements

India

Java

Peso

Dollar

Rupee

Guilder

Checks

Checks

Checks

May

Checks

Checks

49% O49.80

58.01o58.2C

49% O49.80
49% O49.80

57.94o58.15

37.29o37.32

55.72

57.95o58.12

37.28o37.33

55.84

SUNDAY

—

5—

33.25

33.26

55.33

May

6—

33.21

33.22

55.33

May

7—

SUNDAY

Islands

Yuan Dollar

1

Cables

SUNDAY

-

5——

May

Checks

Peso

Straits

Shanghai

Colombia

^

26.66a27%
26.41o26%
26.63o27%
26.28a26%
25.72o26%
24.66a25%

May

33.18033.20

33.19o33.21

55.33

May

9—

24.53o25%

21320%% discount

33.17a33.20

33.18o33.2l

55.33

May 10—

May 11——

416403|,6«% discount

33.15o33.16

33.16o33.17

55.86

May 11—

May 12

ui6a"s2

33.15

33.16

55.64

May 12—

May 13

ui604864% discount

33.16

33.17

55.64

May 13—

25.06O25%
24.81a25%
24.56o25%
24.28O24%

May 14

33.14o33.16

55.40

May 14

33.11o33.12

55.48

-

discount

2Sa2a11i6% discount

33.13o33.15

May 16

27320%% discount

33.10o33.il

May 17

556402582% discount

33.10

33.11

May 18

33.12o33.14

33.13o33.15

May 20

2982018ia% discount
15i6018i6% discount
J* a2832% discount

33.11

May 21

la2582% discount

33.02o33.08

May 15

49% 049.80
49% 049.80

57.86a58.00
57.83o57.95

37.18a37.21

55.60

57.64o57.75

37.15o37.16

55.59

49% 049.80
49% O49.80

57.58a57.70

37.14o37.16

55.46

57.58a57.70

37.14o37.15

49% O49.80
49% 049.80

57.53o57.75

37.10o37.16

55.50

56.56o57»i«

37.09o37.13

55.49

49% 049.80

57.53o57»i«

37.09o37.il

55.47

37.07o37.12

55 A3

May 19

May 22

la"ie% discount
ls820l% discount
l7ieal3*% discount
IhtalhiVo discount
l%alj*% discount
l8i6alj*% discount

May 24

May 25
May 26
May 27
May 28

May 29
May 31

49% O49.80

57.53o57.65

49% O49.80

57.44o57.55

55.48

May 17-

22.28a22.75

49% O49.80

55.33

May 18—

55.33

May 19—

33.12

55.48

May 20—

22.78a23 %

33.03o33.09

55.65

May 21

22.79o23%

49%
49%
49%
49%

049.80

33.11

22.28a22%
22.78a23%

33.10

SUNDAY

May 23

May 30

23.75a24.00

22.41o23.00

May 15—
<

33.00o33.01

33.00o33.01

55.48

33.01o33.02

32.93

32.94o32.99

32.94o32.95

32.95o32.96

32.97

32.98

May 23..

22.66a23.00

22.69o23%
22.81a23%

55.48

May 24..
May 25..

55.55

22.59a23.00

55.55

May 26-.
May 27-

55.41

May 28—

'

37.06o37.07

55.4C

57.48057%

37.09o37.14

55.43

57.47o575*

37.10o37.il

55.46

049.80

57.47a57.60

37.02o37.09

55.42

049.80

57.47a57.60

37.03o37.09

55.46

O49.80

57.38o57.44

36.95o36.98

55.30

36.93o36.94

55.27

49% O49.80

57.25o57.37

49% O49.80

57.28o57.37

49% O49.80

57.16o57.25

36.85

57.15o57.30

36.86a36.92

55.28

22.17o22.50

49% 049.80
49% 049.80

57.18o57.30

36.85o36.86

55.22

22.16a22.65

49% O49.80

57.20o57.35

36.87o36.91

55.28

36.72o36.73

55.28

SUNDAY

l832al,3:% discount




May 29..

May 30—

36.89o36.94

55.20
,

55.19

SUNDAY

HOLIDAY

——

55.43

SUNDAY

55.55

32.94

32.93o32.98

55.80

SUNDAY

May 22—
33.01o33.02

37.20o37.23

SUNDAY

May 16—

SUNDAY

55.75

49% 049.80

8..

5*% discount

May 10

37.28o37.35

HOLIDAY

32.99

33.00

55.48

May 31..

21.36o21.68

49% 049.80

57.28o57.37

■'