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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 ■'